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New
Number 4579
[Volume 165
York, N. Y., Monday, March 24, 1947
General Corporation and Investment News
RAILROAD
Adams Express
V
PUBLIC UTILITY
-
fceen elected
to
Addressograph-Multigraph Corp.—Earnings—
'
$18,942,911 $12,193,572
$10,222,712 $5,594,074
*155,275
vY
58,081
-
pother miscel.
income-
*174,546
95,188
Y.
25,
Such
'
,
net
proceeds
poration.
$5,652,155 $19,117,457 $12,288,760
4.804,210
13,342,518
9,618,344
$10,377,987;
7,054,415
deductions———
poration
will
be
added
Transport,
Lep
and
Inc.,
In
since,
deemed
retire
may
or all of Its outstanding
capital purposes.
'
part
a
tained for working
''•>
has
WARRANTS—Corporation
their
continue
to
cor¬
desirable
which
loans
ob¬
were
"
"
/
association
-
authorized
1
the'• corporation.
with
"
There
is
no
allocate these warrants and
intention to offer these warrants
precise basis upon which it is proposed to
in
the
business of the cor¬
the normal conduct of
the corporation requires a relatively
such business,
of the
the working capital
to
increase in working capital is
with the expected expansion of the
This
connection
income-.
Total
Total
MISCELLANEOUS
-
the issuance of trans¬
$115,000,
ferable warrants to purchase an aggregate ot 40,000 snares of tue
and the
common
stock at $6 per share at any time on or before March 31,
',1952. The warrants contain provisions intended to protect the holders
changed. The indebtedness to Chester M. Mayer is subordinated to
thereof against dilution or impairment. Warrants to purchase a maxi¬
the Indebtedness to the Chase National Bank,
/■■">,/
mum of 30,000 and a minimum of 17,500 shares are being sold to the
PURPOSE—It is estimated that the net proceeds from the * sale
underwriters at five cents per warrant share. Warrants for the purof
the
common
stock will amount to $613,804, plus an additional Y
> chase of 10,000 shares will be sold by the corporation at a price of
$2,000 to be received from the sale of warrants. In the event that
/five cents per warrant share to such of the corporation's employees
only the 62,500 shares of common stock which the underwriters are
obligated to purchase should be sold, such net proceeds will amount
M and
directors and at such times as the board of directors shall de¬
termine in order to provide some form of incentive to such persons
to
$285,679, plus an additional $1,375 from the sale of warrants.
(Including Canadian Subsidiary)
J
v
_ r
Period End. Jan. 31—
- 1947—6 Mos.—1946 ; " 1947—12 Mos.—1946 t
Net
sales
(shipments)- $17,990,995 $10,354,383 $33,296,189 $23,964,516
Cost Of goods sold> 7,768,283 > 4.760.309
14,353,278 11,770,944
'r,
May -19,
1947,
April
'
■
INSURANCE
the Chase
31,
1947,"
1947 and June 3, 1947 respectively, totaling
and each bearing interest at the rate of 3% per annum v
indebtedness to Chester M. Mayer, President, remains un- v
Bank
National
N. Y., has
of the Lamson Corp., Syracuse,
the board of managers.—V. 165, p. 1181.
-
per annum. Corporation is now indebted to
for
notes
maturing, on demand,
March
interest at 5%
Co.—New Member of Board—
Dietz, President
Carl P.
INDUSTRIAL
-
to
substantial amount
present
particular individuals.
has
corporation
any
no
UNDERWRITERS—There
v.
underwriters
no
are
•
•
respect
with
M
the
to
/!■;,
.
to certain officers, directors and employees of the corporatlon of warrants to purchase an aggregate of 10,000 shares, of common
offering
$847,945
Fed.
1,357,223
>
taxes (est.)
income
$2,670,416
2,760,561
1,435,686
$487,529
<
$5,774,939
360,416
$3,323,572
$3,014,378
$1,234,730
•
stock.
The
being
$1,966,349
.
tn ThU
offered,
chase
ftstie
and
number of
the
underwriters
of
the
shares which each has agreed to pur¬
shares which each has the right
are as follows;
profit
0r7,695
.
;j
20,024
2,241
5,941
,
Stock and Bond Quotations
:
figures do not include, a cash dividend received
■during November, 1946 from the British subsdiary of $188,594 equivalent to
.2501c a share./
(b) Renegotiation proceedings for. the year
•
ended
not
.
if
July
will
!
Air Associates,
J
Inc.—New Vice-President—
President.
-j
;
'■
v
;
,
Air Express
18 offered (as a spec¬
—Hayden, Stone & Co., on March
ulation), 125,000 shares of common
cents) at $6 per share.
• *
*
J
•
'
V
>
stock and the warrant
agent for the warrants is the Chase National Bank of New York.
The registrar for the
shares of common stock is the Commercial
agent for the shares of common
The transfer
:
stock (par value 50
.
HISTORY
Trust Co. of New York.
BUSINESS—Corporation was
and
Bank
National
AND
'
incorporated in
New
Transactions New York
The corporation and its subsidiary, Air Express
(Fla.), are engaged in identical activities.
The
office at 21 West Street, N. Y. City
in addiion operates two offices at or near LaGuardia Field, N. Y.,
two
offices at
Miami, Fla. The subsidiary operates offices at
York,
30, 1935.
Dec.
International,
shares
Stock and Bond Averages
Inc.
and
and
v'
it to take advantage of lower volume rates
lor
international
cargoes,
dividing with the. shipper the resultant
savings. The corporation does not operate aircraft, the actual trans¬
port of goods by air being performed by the various airlines.
<
" ,
ments,
which
Net
■
STOCK
TO SALE OF
GIVING EFFECT
•
v
Outstanding
Authorized.
*400,000 shs. ,, t250,000 shs.
Warrants to
40,000 rts. > . >40,000 rts.
*Of these shares, 40,000 will be reserved for issuance upon exercise
cf (he warrants. tOn June 20, 1946, the certificate of incorporation
was amended
to change the authorized capital stock from 400 shares
/■.'(ho par) to 400,000 shares (50c par), and the 400 shares no par stock.
were
As
(par 50c) —
—U-.'Vv
purchase common stock .—
stock
reclassified into
at
October
National
Bank
Uec.
1946
26,
President,
for
Clearings
Dividends Declared and Payable
Foreign Exchange Rates
Banks
Statement of Member Banks
Federal Reserve System
Reserve
Federal
of
31,
125,000 shares, of 50c par.
1946
New
,
.
>
the corporation was indebted to the Chase
for two notes maturing Dec. 3, 1946 *ana
York
totaling $45,000, and to Chester M. Mayer,
notes and loans amounting to $60,300 with
respectively,
demand
....
22,989
'
■
30
accounts
1,513
...
$7,8601
......
561
$7,299
1,574
reserve
5*49.
Federal
for
income
taxes
•; ;
_____
'•
,
Cr5l5
$8,359
...
.....
p.
1
-
Aireon Manufacturing Co.—Gets $2,000,000 Loan—
Reconstruction Finance Corp. has approved a $2,000,000 loan to
above
company,
it was announced on March 20 by Harold L.
Pearson, newly elected President.
'
Mr. Pearson, former Vice President and Treasurer of Montgomery
Ward
&
Co.,
stated the loan opened the way for resumption of
operations, halted since Dec. 1, 1946.
The $2,000,000 advanced by
the RFC will not be wholly free for
working capital. About $940,000 will be used to pay bank loans due
since
last
Fall and
$400,000 will be set aside for taxes due the
Government. >•//>'■■■ /
:
■••• > ■■/'/■■v •>>•'
'/■
"As it
stands now,"
said Mr. Pearson,. "only about $650,000 of
the $2,000,000 will be available to use which is less than the com¬
bined
accounts
payable of $767,000
and accrued expenses—mostly
payroll—of $179,000."
'<•
The
outlook is promising, Mr. Pearson said. He stated that tbe
nearly $8,000,000 back'og of orders for coin music boxes is more
than the plant's capacity to produce in the next 12 months.
"Production should start within the next 60 days and shipments
will be made during May," said Mr. Pearson.—V. 165, p. 933. '.t
The
the
1628
of >
1628
All American Aviation,
This
plant,
(Del.)
Inc.—New Contract— ^
will manufacture component parts of 140.000.
70,000 of which will be assembled at the Wilminp'*",n
the W. H. Harmon Corp., of Philadelphia, Pa., de¬
corporation
rafter assemblies,
for
factory-assembled Harman Home.
V
of the Air Pick-Up system and manufacturer
has recently expanded its facilities to
decision machine
work and mass production sheet metal
fabrication.
>
V;//
;V '
'
During the past several months, the company has been engaged m
the production of heating cabinets for the Richmond Radiator Co.
velopers of the all-steel,
All American, operator
capital to cover advances made in behalf of customers for shipping
customs duties, etc. Should Lassen Transport, Ltd. exercise
right
to
capitalize Lep Transport, Inc., and the corporation
exercise its option to subscribe for and acquire 25% of the increased
capital, an amount not to exceed $100,000 would be required for
purpose, but in this event, the corporation would no
longer be re¬
quired to provide working capital for Lep Transport, Inc.
cor¬
poration also plans to expend from working capital
$25 000 for furniture and fixtures for the expansion of its
offices and the opening of four new offices at air ports of entry
and in addition believes it may Incur expenses of from $50,000 to
$75,000 in connection with the development of its proposed consoli¬
dation division. In the event that the entire 125,000 shares of common
stock now
offered are sold, ." the corporation also plans to expend
of
charges,
its
this
The
approximately
present
from
new
working
capital
trucks plus
approximately $60,000 for the
additional $25,000 for furniture
an
acquisition of*
and fixtures and
of
Air
—V.
Pick-Up
165, p.
j,;; All
JERSEY
equipment,
525v:;■...f,;'"
.'.V--;
American Industries, Inc., N. Y.—Files
company
Btock
co.'
(par
25c),
on
March
10-vear 5%
be
to
v
.
/
Trading Markets in
secondary markets
>> ■
with SEC—
17 filed a letter of notification with the
income notes and 7,500 shares of capital
offered In units of $1,000 of notes and 25
shares of stock at $1,000 per unit. Underwriter, A. W. Benkert & Co.,
Inc., New York. Proceeds will be used to reduce indebtedness in¬
curred in acquisition of outstading stock of Oklahoma Steel Castings
The
SEC for $300,000
corporate finance
SPECIALIST IN
FLORIDA & NEW
140,933
......
in
N«t
1628
Condition
Net, loss.i
*~V. 164,
Statement of
Combined Condition
:
loss
1946
$157,604
_______—
Income
Reduction
1628
1627
1628
—
MONTHS, ENDED OCT. 31,
Other deductions
1639
Course of Bank
1,500
tNumber of additional
depreciation
operating
Other
will enable
CAPITALIZATION
Common
Notices
The
for
,
Over the Counter
••
.
;
.
^
Securities
Municipal Bonds
MUNICIPAL
geariiart & company
DEPARTMENT
qAllen & Company
Established
86 BROAD STREET
Telephone' HAnover 2-2600
'r
Members
NEW YORK 4, N. Y.
Bell Teletype:
NY 1-573
Telephone
•
■;/>
•
>4
STREET, NEW YORK
Philadelphia Telephone
Enterprise 6015
jj
2-&600
REctor
Troster, Currie &
Members
,
*
fK'
■
■
74
Dealers Association
New York Security
NASSAU
1922
•
New York
INCORPORATED
,
.
Bell Teletype
New York 1-576
■
:
■
York 6, N. Y.
Teletype NY 1-376-377
Cleveland Detroit Pittsburirh St. Louis
Trinity Place, New
Private Wires to
„
Buffalo
Summers
Security Dealers Association
Telephone HAnover 2-2400
5
M
l!
2,500
./v"/>,//■;f
.
,
rendered
doubtful
for
Provision
Investment News_1581
Offerings
Redemption Calls and Sinking Fund
State and City Bond
purchased.
be
SIX
STATEMENT,
services
from
Provision
New
General Corporation and
2,500
1,500
Operating expenses—exclusive of depreciation...
Selling, general and administrative expenses
Miscellaneous Features
Orleans, La.; Los Angeles, Cal.; San Francisco,
Calif.; Houston, Tex.; and an office at Laredo/ Tex., which operates
through a local agent. Corporation plans to open new offices in
Chicago, Boston, Philadelphia and Washington durnig 1947.
The industry in which the corporation is primarily engaged is part
of the international air express business. Its activities in this field
consist ot\ the forwarding of air
exports and the clearance of air imports through customs and their trans-shipment. The corporation is
also engaged indirectly in the handling of surface exports and imports.
In addition* it operates a pick-up and delivery service in New York
and
Miami
and
has
recently started a
travel agency department.
There is nc/ fixed practice
in the industry for establishig uniform
charges, but the corporation believes that the charges made by its
competitors approximate the corporation's charges for similar services,
and insofar as the corporation's customers are concerned, its charges
to them are uniform for similar services. Subject to approval of the
Civil Aernautics Board, the corporation plans to engage in the con¬
solidation of small individual air shipments into large volume shipFla.;
purchaseable.
Revenue
corporation maintains its principal
Tampa,
3,500
;
2,500
—
■
.
3.500
2,500
—
agreed to
•;'/
shares
of
CONSOLIDATED
1608
1608
Curb Exchange
6.000
3,500
3,500
.
.
V
■
■V"
•Number
-.1619
Philadelphia Stock Exchange
——1620
Pittsburgh Stock Exchange——.
—.—1620
St. Louis Stock Exchange————162Q v
San Francisco Stock Exchange.—...—...1621
Montreal Stock Exchange——.
.......1622
Montreal Curb Exchange.—-<—.1622
Toronto Stock Exchange.
_u——1622
Toronto Stock Exchange—Curb Section
1625
Over-the-Counter Markets
1626
Transactions New York Stock Exchange.—1608
Offered
6,000
M
6.000
_________
Dann & Co. —
A. Evans & Co., Inc.
Clement
6,000
Boyce
Common,
Marache & Lord
C. E. Unterberg & Co.
Stock Exchange——
Los Angeles
&
12,000
_____
_____
Granbery,
——1619
Detroit Stock Exchange
;•
International Agency, Inc.—Stock
\
Stock Exchange
—
1618
Cincinnati Stock Exchange——_——.—1618'
Cleveland Stock Exchange—n
1619
(Ret.)
i\■■ *
*•
Inc.
Company,
Bros.
Vietor,
Chicago
has been elected a Vice'
r-'■?•
*'r*''■
Following his retirement from the Army, General Giles recently
fcecame associated with tne company as director of engineering,
he
will continue to bead this division.—V. 165, p. 1445.
vAi
!- "Lieut.' General Barney McK. Giles
,
Stein
1617;
Exchange
Stock
Boston
164, p. 3281.V",;A*>
&
25,000
.
12,000
Company
Whiting, Weeks & Stubbs
Fas-e
-
final
a
be small—V.
^
Stock Exchange (Stocks) ^4--il597
Ntw York Stock Exchange (Bonds)—IG0S
New York Curb Exchange—
1613
Baltimore Stock Exchange
....—1617
1945, and for five months ended Dec. 31, 1945, have
settlement. However, the net amount of refund,
31,
reached
any,
^
and
Stroud
New York
Above
NOTE—(a)
.
t
•
Laird
25,000,
i—
Hayden, Stone & Co.
$489,770 $3,034,402 $1,240,671
$.64
$4.02
$1.64
•Includes $70,000 received from the British Government on settle¬
ment or
war
contracts. ;
; 'T
" Y;Y.'Y$1,953,654
; > - $2.59
profit for periodEarnings per share——
Net
i
■•
not.obligated to purchase,
but Is
0
change
i.
■
stock
common
additional
of
number
the
several
the
of
names
'
L
.11
*
THE COMMERCIAL & FINANCIAL CHRONICLE
1582
„
^
m
a
T3
,
Tdends
Rate-
„
Allentown- Bethlehem Gas Co.-To Reduce Int.
theret0fore
.
■
--
company
to
proposes
effective
March
assented
to
1,
1947.1
—
and
•
■
npr
per
have
a?nHJ?
full
AGENT
AND
REGISTRAR—Bank of the Manhattan
lhattan
40, Wall St., New York,
National Bank, New
N. Y., will be the transfer agent.
York, will be the registrar.
■
<
1945
1944
$112,082
$108,820
91,385
93,180
$64,603
$20,696
plant, estimated to cost approximately $3,350,000.
proceeds will be added to the working capital,
Net
sales
——
of
real
estate_.-_
•380
income
"
s
income
from
CONSOLIDATED
BALANCE
hand
on
and
SHEET,
HISTORY AND
"24,694
$64,983
ASSETS—Cash
"
$15,640
f
June 4,
DEC.
31,
/
The
directors
of
cents
holders
of
March
on
10
cents
record
10
the.
on
announced
share
per
share
per
March
and
the
20.
Like
the
declaration
both
amounts
of.
quarterly
payable
April
disbursed
were
engineering,;
•"
■
•'!•; V1'' K /':: 't',:V
RESULTS FOR FIRST
'•l'->■;
/
Bookings
•
','1
,..
'.■}
v
v-S:'
1947
Net
.r.:
i—.
in
163,
before
been
company
elected
March
President
19
Years
Ended Nov.
*
Net
Common
^
that
F.
Robert
Smith,
W.
Both
n
-
(cash)-
—
•
...
SHEET
and
to
securities of
owns
less
be
a
Gas
.■
.
;
•.
.
•:/ "
.
subsidiary
stated
large
that
amount
American
than
Total
43,732
1%
Gas
of
AT
NOV.
30,
Commission
Cash
53,579}
Bond
and
Share
and'Share.—V.
165,
1946
••;;;
■.
_
order
an
of
and
Bond
holdings
the
of
result
•
r..
,
'
a
.
Electric Bond
as
March
&
the
the
Share
18
subject
11&2,
p.
to
company
sold
outstanding
and
the
has
been
company.—V.
Share
parent
p.
:
V".':
I
-v-.
be
asked
stock
to
number
to
approve
35,000
of
A
common
and
89,805
shares
company
and
of
:;r
<; ;_v
'
/:
days'
aniking fund
on
S"2
before April i
Anrii
1,
1 qm
1962,
or*
in whole
on
or
before April
April 1, 1958;
before
n
$100
'
per
and
Co.—Earnings—
'•
*10
or
in
to
part
at
any
April
such
Utilities
sums
Co.
which
.
at
and
of
to
increase
sale
Power
Loans
$200,000,000 35-year
received
11;30
a.m.
at
Room
-(EST)
restored to general
public
service
Eerne,
'
<
.
also
was
a-direct
from
on
March"20,
wire
lines
• '
•;
Berne's
1955;
$100.25
share
per
share
thereafter;
$100.75
per
195
Czechoslovakia,
use
land
from
;
restored recently.
wires
2315
March 25.
on
"
radiotelephone circuit
Switzerland,./and
"
"
uses
the
Eyud
on
March
cumulative
of
March
Oct.
on
17
1,
declared
preferred
30.
The
Connection is made
radiotelephone terminal.
1946.-—V,
a-semi-annual
stock,
payable
semi-annual
last
165,
933.
p.
the
annual
meeting
to
be
held
on
dividend
April
1
of
to
preferred
3%
holders
dividend
v
*
April
2.
the
stock
swvk.
'
stockholders will
B,
a,
the
ene
directors
aireciurs
«c
.be
precluded
determine,
the price
within
ten
days
at which such
shares
that the price,
so
determined
prior
to
the
making of such offering,
shall be offered
to-stockholders provided
shall be not less
than-10% nor more
than 30% below the
market price of the then
outstanding shares of
common stock B on the date of
such
determination;
In the, event that,
prior to the final
adjournment of the meeting,
the directors shall
have determined a
price at which shares of common
stock B shall be
offered for
subscription to holders of common stock
and common stock
B, the stockholders will
~
then vote upon a proposal
Proposal B) that the price as
so
determined be ratified
approved, without derogation of
the authority
conferred upon
the board of
directors (if such
authority shall have been conferred in
accordance with the
proposal referred to in the
preceding paragraph)
to determine such price. See
also V. 165, p. 1446.
>», v.
,
.
(designated
and
an
,
American Water Works &
Electric Co., Inc.—Output-
Power
week
week
output
ended
14.37%
of
of
the
March
1946.
Judge
1947
output
;•
properties
totaled
of
Paul
Leahy
petition
a
v ago.—V.
-
of
165,
AH.nri«o„
the
order to
an
The
an
the
had
approved
Court
the
iy
c
'
s
District
at
Wilmington.
enforce the amended recapitalization
was
signed following a hearing on
order
which
*
vn
for the
increase of
corresponding
company
kwh.,
for
•
Federal
1446.
p.
this
kwh.
^
of
company.
the SEC
of
95,834,000
83,809,106
,
Del., March 19 signed
plan of the
time
electric
15,
the
over
Plan Ordered
Enforced—
,
Texas
the
issue of
an
be
,
pending
at
of
of; common stock »»«vwumun
and
common
antho rtoi to the extent not
Florida
from
outstanding
of
was
new
and
means—land
directors
on
At
a
companies.
Texas
whole
a
1982, will
Y., up to
American. Tobacco Co*—To
Vote April 2—
its
making
war,
capital.
record
was
will- aggregate
1 Such
presently
$3140
.
American Time
Corp.—Declares Dividend-
792,585
to
as
-
practicable
common
such
be
the
sale.
made
stock
shall
thereafter,
it
a
date
loans.
at
not
t»
plan
p
about
month
a
American Yain & Processing Co.—Common Stock ln
to
Receive Extra and
♦
,
been
issue
sold
and
loans
Quarterly of 20 Cents Each— !
dec,areaof 20 ««>.»«•
be
extended
than
the
repaid
one
or
written
any
noiice.
part
V.
of
the
165, p,
,
off any
Utilities pro
to refund
companies
to
repay all
companies shall
loans
or
of
shall
any
extra
usual
Loan—.
stock
Cesar
Trust
31,
of
the
the
have
part
'-I
of
90
cents
cents
share
share
ner
per
the
on
on
y
i
de
J.
v
.
•
Saint-Phalle,
Bertheau,
Co.
of
New
company to
who
Chairman, announced
Vice-President of
was
''
York
for
assume
17
office
has
years,
the
been
Ameriean Research
tion—
This
ital
has
&
;
corporation
has
made
fourth
project, thus bringing to $725,000
invested in
The
the
four
President
elected
■
days'
""
"
"
-
-
-
amount
the
in
of
a
venture
money
of
Research,
American
and
Research
at the
hnvp
have interostmir
have InfprntitiniT
and
is
nnccihilitiao
interesting nnccihilifioc
possibilities.
in
Joseph
have
continues to
moment
is
been
receive
the
It
as
Investors
participation.-
■
.
\;yy
..
tt
-
™
~
164,
p. 950.
r-jr*l >
-
loan
by
completion
of
further
in
principal
the
the board of
accordance
of
its
directors
d
with
terms
resolu¬
loalk
the
Minneapolis, Minn., is taking
stated
that
the
has
company
also
announced
of
the
Executive
of
the
that
company
Stephen
since
Vice-President.
Indian
R.
its
Wesson
Head
Bradley,
initial
Jr.," who
served
financing,
has
formerly &
Hertrais,
been
loan
National Bank,
Nashua, N. H., has been
Vice-President and Treasurer.
Damon van Utt
formerly with
Republic Aviation Corp., has
joined the
company as Production En¬
gineer and assistant to Charles P.
Harris, Vice-President in charge of
manufacturing.
..
,
Production
riuuubnun
square
!
,
upon
Syndicate
He
in
elected
'
.
mortgage
approved
underwriters.
was
Treasurer
officer
Baird
applications at a very
high
65 situations
that appear to
^
t
*
•;
notes
Powell, Jr., Vice-Presi¬
elected directors of
..
-—V.'..
and
W.-
looking: irfto
tVt
rn..iw,»>v """"
( Boston,(News
Bureau.")—V.
..
"•
stock
and
Corp.
stock
elected
preferred
1947
a
was
—
financing in November. 1945,
through a public offering of comin the amount
of $1,500,000.
Andre de Saint-Phalle & C°-
nion
machinery.
commitment
14,
disbursed.
50%
were
and
Research's
Associates.
k
Jan.
loan
Finance
-
S"i''£
initial
complex
optics
Georges F. Doriot, President,
dent, of American
rate
a
is
American
share
be
ing
it
This
Reconstruction
dated
will
cap¬
which
precision' instruments
in
electronics.
Through subsidiaries, Baird As¬
also
supporting development workby individual inventors
fields of electronics and
food
fields
in the
sh«e thereafter
the
latest
sociates
thereafter on or
plus accrued divi-
:
of
commitment Is in Baird
Associates of
organized in 1936. which is
Cambridge, Mass.,
engaged in development
and manufacture
of specialized
scientific instruments for
research
research and industrial
and industrial
trol.
The
con¬
principal products are
time
i
for
^amount of $700,000.
tion
investment
the
or
in
Westfield, Mass., at the end of this
W. W. Rausch, who
resigned because of ill health,
.
'.'O
concerns.
'
.
'
Development Corp.—
Acquisi¬
its
i
March/j 13 that.
Marine
Midland
on
continue to serve in a
consulting capacity.
"
Mr' Bertheau is also a director and
Chairman of the company s
Executive Committee. • • • >
At the same time- Mr- de Saint-Phalle
announced
that the cornpany, according to plans
formulated at the time of its
has
organization
completed
negotiations
the
to
common
■'/'
month. He succeeds
the
right
upon
20
•
Andre
making
the
of
quarterly dividend of $1 per share on the 4%
April l to holders of record March 17.—*
all payable
soon
Dec.
consent
date
have
:v
the
.
as
common
currently outstanding
1446.
an
and
Anchorage Homes, Inc.—New
President, Etc.—Obtains
'
after ,15%"
or
•
the
and
preferred stock,
V. 164, p.. 271.
order
mutual
from
share
stock,
loans
American by
by
year
borrowing
any
lending
all
In
additional
to
4Thedi?ctorshave dividend
-
paying
Texas
'
we
its.,
tem¬
said
60 days
by American
sell
time prior to such date
borrowed and the
sums
of
of
American
make
repaying
//'
later
However,
by
to
proposes,
have
may
to
such
American,
-
proposed that the
but such maturity
1947,
by
sale
proposes
purpose of
the purpose
For
to
to
is
right
for
public.
parties
call
banks
Florida
temporary borrowings from .banks.
borrowings, Texas Utilities
the
of
stock,
make
bank
the
to
may
the
common
borrowings from
prior
luie A. ?. !.erV.sur pubac. sale
been made prior to
have
Florida's
loans
It
1,
1,
19463
.
tl'lH ^21>l05'799
64,504
"""""
N.
The
York
same
The
lend
New
Swiss
(15c)
any one time.
Co.. will be passed
sa
Electric
-'t•'$
fi4o
°*_a
either
Poland from anywhere
^Czechoslovakia
^
in the United States, is
$12.—V. 165, p; 1446.
15,000
$1,486,152
equity interests in
cash contribution of
by purchasing $1,000,000 of
additional
ea.
™
cti If
not
American
to
before
T fa?. ViS": $100-50
l
and
Texas
1947
to
outstanding at
proposes
$46 944
Ar'-Ai
'
or
or
to
proposal
proposed in American's
its preferred stocks.
contemplated
shall
of
as
in¬
$100 per share
thereafter; and redeemable for
at $101.50
per share on or
before April 1,
195O; $101 per**
tuprpnfta"eaf.ter and
m
Texas
of
the
April 1, 1950; $102
1955; $101.50 per share
before
$101 per share
and on or
thereafter
before April 1,
1961; $100.50 per. share
before April
thereafter and on or
1, 1962; and
and
or
to
such
dividends.
on
9,000
$1,176,366
792,585.
-
Texas
or
1062.
at option of
company,
notice at $103
per share
and
4.
to
15%
porary
poses
its
Redeemable,
share thereafter
T^?f?i0n
Utilities
1446.
Chemical
Corp.—Preferred Stock
Loeb & Co., Glore,
Forgan & Co., Leh¬
man Brothers and
A. G. Becker &
Co., Inc. on March
18 offered
70,000 shares of $4 cumulative
preferred stock,
Series A (no
par) at $100 a share and
30
also
announced.
the
or
.
companys
year
be
1947—2 Mos —194R
$61,849,281
■
J
for the purchase as
due April
1,
Service with Poland
.
by
$1,830,633
129,482
2CO,OOQ
95,000
792.585
.
<
the
iS
nf
-
American Potash &
thereafter
Utilities
is
the
.251,437.
•A
additional bonds by the
two
are to be
repaid when such bonds are
sold.
Texas Utilities and
U
Florida will
repay any loans made to
American prior to
them by
American's sale of 15%
of'the common stocks of
Texas
utilities and Florida.
Florida
propose?, to repay , any such
to
1,000,000 from
common stock includes
10,195 shares
shares of class B common
165, p.
.
$20351- deferredoharaM'*nrt"rith"pr '
annum
to
;..-„V ■-■■"'vYMW.
Restores Service to
Czechoslovakia—
Teiephone service between the United States and
it
$1,579,196
•
317,244
.
369,500
27,500
:
h^w?lcLan<:i ^x,as rPoweJ by
capital of
nnn
the presently
latter companies
Offered—Kuhn,
per
are
of
subsidiaries for the quarter
ended
28 totaled
$6,825,900, as against $3,311,404 in the
same
last year, an increase of
quarter
107%. Net earnings for the
quarter, after
taxes, were $470,671. For the full
year ended Nov.
30, 1946, net earn¬
ings was
on
as.
Texas
7ie
Feb.
$1,455,593.—V.
per
during
the
»r
for
mtevrupted by the
**54 3K4' A
754.354
Light Co.—SEC Approves Loans
1
'
\ V
; 7
;•/
$1,000,000 to the
•
the
Bids
,
plan, for the retirement of
/./.
If the increase is
stock, which,
authorized, will be increased to
250,000 shares of class
and 750,000 shares
of class B.
of
Co.
incom
began
record
which
exceeded
073
$4,553,576
IZ
17li' 894 » ; 5,563,254
Bids for Purchase of
Debentures—
....
debentures
± Cr3,G30
$1,597,610
214,023 >;
approved
$9,000,000
borrowed by
;
Broadway, New. York,
.to
than
also
of
678.
p.
1947—Month—194S
$29,241,467 $21,533,664
operating'Income
charges—-"—
Invitation
Shares
•
.
$1,339,086
,258,524
$2,125,128
,
1%%
Light
■,
1946'establish*!
ueQ
Co.—February Sales Up 35,8%—
s"1
-
after
T
as
A
Sales
Net
'Net
,
Utilities
on
form of loans to
in
Texas Electric Service
and Texas Power &
at
the interest rate
Light
stated above,
provided, however, that not
snore than
$2,000,000 will be owed to Texas
Utilities by Texas Elec¬
tric and Texas
Power at the time of
American's sale of 15% of
stock of Texas
the
Utilities
com¬
proposals to increase
from 20,000, and to
shares
common
100,000. At present the authorized
of class
has
•
Alerted charsea and ether
-
plants,
lble operatrng- levenues—_
Co.
special stockholders
meeting has been called for March 25 to
vote
on proposals
leading to a public offering of 100,000
shares of class A
common stock when
market conditions are
favorable.
will
of
the
now
Offering of Common
A
authorized
&
securities
Co*—Plans
■
the
L.+*
-
J
in
.0 71,071
payable—trade,
14
3.96
addition,- th. amount
the om„,w
165,
-.'-v;• V'''
$9,465,070
7,134,551
Crl8,582
$1,514,105
March
:
product
addH.inn
range-program,
improve
have
each
.
.774
774,032
;
$1,700,821
424,307'
-
on
rate
more
sums
voting
transferred
165,
interest
not
and
V'>::j'v,
who
SEC
13,392,196
5.35
year.-—V.
Stores
165,-p. 1062.
between
——
Subsidiaries—
Power
Co."
recently
Bond
/
directly or indi¬
controlling influence of
a
'
Cr345
exps.—
«43,983; total,
The
the
voting securities of American Gas, and
by Bond and Share of its commitments
Bond
and
Share
and
approved
by the
Sept. 5, 1946, Bond and Share will own
stock—
stockholders
which
-
7»j mi782.081-
pvns
American Power &
to
has
that
surplus*
18,552,491
American Telephone &
Telegraph
$774,128;/ tax and savings
bond deductions
from payrolls,
$92,716;-accrued liabilities,.
unclaimed
$805,856; ^
dividends, $6,588; other current
liabilities, $120,929; reserve
for retirement
plan, $687,950; capital stock
(Class A, 48,664
shares,",
a—
a£S B- 479>726 shares ino oar),
$8,670,537; earned surplus, $9,129,595; total, $20,288,300.—V.
165, p. 1446.
$124,787;.}
9.4H647
3,977,548
^
which
^•.
recoveries—'
LIABILITIES—Accounts
'C-.
granted
Share
nor
American-Marietta
authorized preferred
under
company
deductions
income
and
peacetime
cPeriod End. Feb. 23—
—V.
to
$10,644,559 $10,341,849
8,162,002 v 8,247,264
—
modernize
T.532 C
for
,
-
prede-'f
flncludes
—
19-„
i^ri5,?2'491
share—
Sales-
TTT
$892,984;
declaring that
Electric
its
pany. He succeeds Donald C.
Townley,
the administrative offices of
the parent
crease
a
whieh
the. .certificates
Shares'
ndmfn
admin,
less
dividends
J
customers'1
Warren Simonson, Vice-President of
Home Products
International 1
Ltd., has been elected President of that
subsidiary, it was announced
on March
17 by Walter F.
Silbcrsack, President of
x
of
*10,424,739
,
t479,726.shs.
for
in
11,731,789
deducting
a
a
American
>48,664 shs.
of-stock
to
»
'
'
neacetime vear.
In
peacetime year.
In
the business
in
long
previous
19bm«T
underwriters,
the
Jointly
$1; natonts and trademarks'
(net)
payroll deductions for income
;
•
.
1944,
any
CONSOLIDATED BALANCE
SHEET, DEC.-,31, 1946
ASSETS—Cash in banks and on
hand, $4,633,425; U. S. Government
securities, at market value, *
$1,196,547; accounts receivable,
,$1,224,
275; accrued interest
receivable, $1,543; inventories,"
$1,'322,073; invest-
"
American Home Products
Corp.—New Head of Unit—
The
111
for
for
12®
5
,30,284 280
C•.
V^'"
Sales, earnings and net tons of
finished
Outstanding
0/
.
controlled
Bond
accounts,
taxes-
adjustments—:net^—7
•
records
jjjj
approximately $2,525,000 credit
resutiim,
amortization of
emergency facilities- not
s..„
taken on
v..
reinvested
..
income
f- Net
$0.19
by order dated
the voting securities of
American Gas; that the
representative
of Bond and Share on the
Board of Directors of
American. Gas has
Tesigned; and that American Gas is not
of
by
with
not
inc. tax (no excess
profits tax)
State taxes on income
57,043-
commissions,
$560;
Commission
with
the
by
rectly
exchange
Fed.
446,492
—.
Bond
of
that upon the consummation
under
Plan
II-A
filed
none
several
agreement
Total income
$531,489
v
in
Securities
and
Exchange
application of the company for
a
an
.
The
ceased
for
1945
'214,317
American Gas & Electric Co.—Ceases
Unit—
American
reserved
& exc.iprof.
;/•
after
accelerated
new
3;
32,373% shares, the certificates
for Class A stock certificates.^
severally- and
Cost of goods sold
Sdiing, General and
genera! and
$0.60
—T—*
hand
•
•
1945,
^ks-
-uade
48,664 shs.
sales
16,011
payroll deductions for War
Bonds,
distributed
shares
inc.
^ ^
^In
70,000 shs,
$141,971
—
tax, $4,662; accrued taxes,
$373,309; capital stock,
$438,852; total, $1,936,674.—V. 164, p. 949.
:
•.
has
into
Doubtful
j
$549,395
—
share—
BALANCE
_
ti00;O0Q
Oper. profit, excluding railroad—
Total. •;other income-—-—-——
\LIABILITIES—Accounts payable—trade creditors,
$81,774;
credit balances,
$19,747;. Accrued payroll and
,
its
—
—
for
:-:/»• ?',■
from
*>.
951,336 sh3.
20214
f gep}nff
banks, $153,978; U. S. Government
bonds, $125,000; accrued interest on bonds,
$455; accounts receivable
customers, $133,334; mortgage notes
receivable—maturing in one
or less,
$2,836; inventories, $821,123; total other assets,
$9,553;. iota*},
; total,,
fixed
asset,
(net). $372, U2; total deterred eharges,; $18,283;
tota.,
$1,936,674.
,
———
1,985,754
before prov.
Earned per .common
-'
ln3
17,500Lehman- Brothers
17,500
17,500 v; A. G. Becker & Co. Ihcuuf.
,, 17,500
CONSOLIDATED INCOME STATEMENT
FOR CALENDAR YEARS
'C
-r-'V:■.r-.'"-1,"„.■>:// 1946
1945
1944
;i
345,786
on
consumption
•
percentage 01
par)——
Kuhn, Loeb & Co.——*;—
Glore, Forgan & Co—"—
ha&
46,691
dividends;;(in stock)—-—
ASSETS—Cash
the
expects
v...;■
weie
407,273
common
for
was
purchase./the; numljerc of .shares.
erf Series A
preferred stock set forth below opposite Its
name'
profits taxes,————.
dividends
(no
UNDERWRITERS—The
0.
Hadley
.
Treasurer.
dividends
Common
dollars
agriculture.'..
stock, Series A„
company and
been exchanged
Net
:1946
—
per
Preferred
Includes
agreed
'
—--i'L—
profit
Earnings
A
tered
>
1417.
Co., Inc.—Earnings—
30—
excess
in-
Authorized
pfd.
cessor
1,082,000
Jl—$1,003,358
—-
Depreciation
Income and
announced
Harold
164, p,
American Furniture
Earnings
sales
in
company
stock
cumul.
stock
Class B stock
.
and
directors.—V.
balance
the
Preferred
;:;;;;;:■ v;-;:3-3/3:3
on
appointed
also
net
western
$4
American Coach & Body Co.—^Names Officers—
The
total
Hosg
32,270^035 ~249Gft^:
.ur][Mus
CAPITALIZATION GIVING EFFECT TO PRESENT
FINANCING
.$1,30-2,00(1
■'
1
,
States to increase further.
These markets are
generally
favorable to the company than other domestic
markets by reason
of their
proximity to the company's plant at Trona, Calif.'
•
taxes-L---™—.--—209,000 3^ 38,000
2845.
p.
company's
1946, and
the
1946
$1,609,000'
1,536,000
•
■
profit
and
+tu
183'5R4^
,'"2,320,032•?:. 2',444
:
pr?dnctlqn^:-v EXUaord. &, non-recurr.
af"
'Net income to "uriolus
net sales in..
Net uticome to
,
-'/•■
! Shipments
—v.
and
the
income
charges
Tn
ltu
220
:
operations29,950,002 ^22^17?
'
credits-j-.,—i--
potash
approximately 40% V the Company's total
products approximately 34%
soda ash approximatelysalt cake
approximately 9%.r In' 1946, approximately 70%
shares held by the Alien
Property Custodian,
have not been
exchanged for Class B stock
by stockholders March 12, 1946.
'
1946.
y
boron
2,
';\f';- ]>; ■ "■
1
-
QUARTER, ENDED JAN. 31
heavy them-'
more
i
Howard Pound has been named Vice-President in
charge of air filter
sales, and Arthur Nutting, Chief Engineer, as Vice-President in
charge
of
During
not
last.
of
yrouJcls, soaa
chieflv from, the
products.
to
5
sale
boron
derived
are
boron
Inc.
company's sales in the 11 western States;have been
increasing
steadily.
Such
sales amounted to
approximately"; 19%, of 'the com- v
pany's sales of domestic tonnage in 1935 and to
approximately 42%
of
Jan.
on
profits
and
and
The
extra
an
dividend
potash
industry and. the
Dividend, Etc.—
regular
stock,
common
Company's
of
Gross
231,930,810
185,263,998
.MTlMoa
exp,.
foreign income
American. Trona Corp.c?,v, ■-.& excess- pioms .taxesi-__L.-,--__———
14, ,1926, it merged with
production
from
income,
Income
,
14%
of
Class
American Air Filter Co., Inc.—Extra
July
Profit
•
Other
:
.
for
dollars
payable,
$4,733;
accrued
interest payable
on
mortgages, $20,062; Federal income tax payable for year 1946,
$7,712; liability on security deposits on leases, $4,914; deferred
income,
$89,592; mortgages payable on real estate owned, executed by sub¬
sidiaries (contra),
$2,236,836; reserve for contingencies, $400,000; mi¬
nority interest in consolidated subsidiary, not wholly owned, $9,257; 6%
preferred stock (par $100), $2,400,000; common stock
(par $5), $660,000; deficit, $1,627,612; total,
$4,205,495.—"if 163, p, 1277.
V, s- :!
?.
15
sale
counted
LIABILITIES—Accounts
dividend
cake.
and
:
.
On
potash,
salt
1946
on
.
1926.
icals.
deposit, $282,876; marketable securi¬
ties, at cost or nominal value (quoted market price $97,737), $37,792.;
accounts
receivable, $9,981; New York City real estate, $3,118,365;
investments in and advances to other
corporations owning New York
City real estate, $397,322'; bonds and mortgages on New York
City
real estate,
$295,871; deposit on account of contract, $25,000; deferred
charges, $38,288; office furniture and fixtures, nominal
amount, $1;
total, $4,205,495.
:
"
\
Chase
V-\;>1/ > ..
organic in Delaware^
BUSINESS-Corpcrati™
The company is engaged in the
Its principal products are
$45,391
,
T^e balance of the
'net
Operating
Profit
The
PURPOSE—The net proceeds will be applied to the construction
of an
addition to the company's power
plant, estimated"-to. cost approxi¬
mately $2,000,000, and the construction of a new soda ash and borax
,94? "gS
r'
•
.
Selling' gen: & Adm-
24,1947
Subs.) — Earning
.
Co.;
^
.
American Rolling Mill Co.
(&
:yearEndr Dcc 31_
-
Sg
time
any
TRANSFER
^ ;
Monday, March
cumulative
g
outstanding will be set aside for sinkirig fund WNet sates
sales
March 1, 1950, and on each Match 1 -thereafter
>r, V■*.:•}:■'■
Cost'of goods
purposes on
voluntarily
243,009
depreciation—
at
annum
\
n
j94G
.
—•*
-
taxes
3%
bonds
Realty Co.—Earnings—
,
income
Expenses,
the
of
fo
to
rate
165, p. 1309.
Years Ended Dec. 31—
Net
interest
holders
The
this proposal.—V.
Alliance
t—vote
the
reduce
After
case.
dividends upon all series.
t0 the end of the current quarterly dividend period
Ehaii have been paid or set apart for
payment, an amount
sumcjent to .
retire 3% of the largest number of shares 01 series A
preferred stock
dueP1965
^mnanies
D
each
«n^S^cstock
Company has presently outstanding $2,415,000 first mortgage bonds,
series
all of which are'owned by five life insurance
andtwo savings banks. In lieu of refunding said bonds,,
1%%
in
.r
j.',
feet
\,
has
started
i.iw
at
Westfield,
1
j
muian
month
in
in
.4-w.^uu
4
"t
this
una
obaitcu
plant
J
.*
J
v
.
»
me
the
c
■
7
r
■
erected
erected
-
-
Output
"
-■
t
%
newlv
newly
J
-
Mass.
»
*
-
will
*•
t
■
»
•
5
300,000>
-J
-
increased
be
-
•»
;
1
V
r
as
a
•"
.%
''■*
"
Volume 165 4 Number
■
£
4579'Vv-V
-••■•»
»/».•*
THE COMMERCIAL &
FINANCIAL CHRONICLE
beloto^each 20°; houses
mmth
3V^Th^V(feompari^;waijinitially.,offer*#Series..-W
housed ranging
/;V standard t {our,-room .'td, • a three-bedroom 'bouse
porch and .garage.V; ,The houses are of conventional
Prices .'for complete,- houses* ■ including the cost
of
basement.deliveryand erectio^ on. an improved lot;
"-'''if
Kl*f
4- Wl
'4n'lf AWft
j.'kv.ivin V«n
'
Iri «\
*
,
s
c* a
-Hi-vi-v
'
Y.
L'„
from
*|£S£> jV^-CAPITAL
SURPLUS, :YEAR
a;f+ 31!
'•
ENDED DEC. 31. 1946
I i Bates
$23,608,24
------------
Manufacturing ;T Co.
with SEC—
Lewiston,
'/W.
Me.—Registers
Wn? S?Jein
flled a reSistiation statement with the
ir
!
$
paf)' comm°h- Underwriter, E. H. Rollins
™W ™.0r^' «he shares are bei°g sold by its two largest
V
lTSt Boston Corp" 27-450 shares; and Coffin &
rh«c^ th«
scares, which acquired the shares after they purTnia?s fnr $16,500,000.—V;
12iS Didlaries of New England Public Service Co.
v
ln 1945 for
165, p. 1062 1 ' J
SEC
for
,
ffnruhnirtilc"'
Ri!rr fnn
.
.
v-
V
'Belding-Corticelli, Ltd.—Annual Report—
.,
Years
Ended Nov.
5 Profits
30—
Ai
investments
American
-
X i tejmined
v.ti;, plan ; to
Atlantic ^City
distributed
..
•v
shares
remaining after the public offering
5„.
-i
-
......
..
dividends "on
as
American's-common
of^i,
^
will
be
':' : 1J*vs'. .on t
accrued
-•
.
;*;»u
dividend
on
per
shares
.
including
snare)
redeemed
during
$586,193
17,657
10,427
7,143
17,005
5,642
$671,930
$630,639
$608,840
499,266
482,634
$127,248
$131,374
$126,200
60,571
60,571
41,222
29,980
__
profit
V Preferred dividends
$60,927
the
Common
243.711
vear__
—1—!
dividends
policy wilt"
of 1948.—V
"""
—
,
■>;:
manufacturing, selling,
and
adm.
expenses.—V.
Telephone
vj Artloom
.Frank:
..
Co.
of
Canada—Bonds
60,571
29,980
163,
...»
VP
1944
■;
$605,839
15,557
-
profit"andincome^' 1
Expenses
Net
The
1945
$645,946
-
_
^Profit from sale of investmentsl-I
Total
-K.
,1946
544,681
-
Income, .from
1022.
p.
Offered-
f^n°uAc.ement
B,
was made March 15 of the offering of
>000 3% 30-year first mortgage series E bonds
7
J
V10" 111 w igagc ocixcs JCJ UUI1US by
UV
year:-———IHZZIIIIII i7!294^986 'by A. E. Ames & Co., Ltd., and the
*.'i*1 *..
;
f
*,
;.i hflDK of Moiitrc&li The issue, to be dated
March 1 was
reaitzed -appreciation at Dec, si, 1946-.:$21,911,263
priced at 102.50 and: accrued' interest to .vield atmroxiJ interest to ^yield approxi¬
V^-'V^pCONSOLIDATED:1 BALANCE SHEET, DEC. 31
mately 27/8%. •
'
•
J
™
31.
1945'2iA.^:--U«t
$39 206 249
'■)
'
.
.
nuringpthe.
-■
'•
>*:V
4/
.
'
A
be
about
•
V«w
\
^
y v.* * V*» V
v^i
Wi V
,
VAtAitVtU
W
■V
30%
greater than in the corresponding 1946 period when
reported, sales-of $1,226,451,/Herbert J. Adair, Executive
Vice-President", stated after.the annual meeting held on March If. "
"Sales this year, it was
estimated, may be between<$8,000,000 and
$9,000,000- compared with $5,804,475 in 19461
j •'.'Spun yarn' is coming in in good quantity: and: indications are- that'
M the
■'"{
>
the supply will
be close
to
normal
during
the
last half
of the
■
-
;v.,
i/
. :t!j
I94g.
r
Cash
ash,
Portfolio hclcUngs>-.—
Invest, iq majority-.owned sub.
Other a s'sets „___1 V.—i'
240
$7,872,1
—
of
56 546 291
12^347|32i
of
year
L
-
in
Prbvisiori^ for vtaxes--i-_:.'
sacLiac-
a
'
Preferred^ stocky:
-
*
A they'Products Corp.—Kew X,oan—
1!:
following the approval of 'Stockholders
obtained
25
neVr
a
titlednpenredemption.-
1714.
.p.
' Atlantic Refining "Co.—Recapitalization Plan
Voted—
Registers $25,000,000 Preferred—Mergerj
,
,
\
h
;
e%,t
,
Total
j/i •'Following approval
of a plan of recapitalization at a special meeting
stockholders, March 19 the company registered with the Securities
and Exchange Commission 250,000 cumulative preferred shares, 3%%,
Aeries B
($100 pat).
The shares will. be offered by a, group of 78
underwriters, headed by Smith, Barney & Co. Tne prices will be filed
'by-'amendment;. J'■
'
*
The shares are parb of the total authorized
issue of 900,000 new
•
of
i
m*, Present financing
series
B15s,
preferred
of
•
shares
Point
created
by
stockholders
they
who.ly-owned
Breeze
Manufacturing Co.,
Refining Co. for the purpose
Atlantic
when
of
effecting
voted
a
Baltimore & Ohio RR.—Asks Bids
1
Under
,
26,
;
;
1944,
is
basis.
■
1
?
t.
•* •
.
The
convertible
dividend
rate
raised :from -3.6%
for
compensate
registration
Will
be
on
the
on
tq
after
outstanding
change
in
the
of
the
additional
the
shares
and
new
offered
outstanding preferred Issues.—V. 165,
because
preferred
of
the
shares,
new
of
which
shares: of
Atlas
common
the
was
»
stock
common
largest holder.
&
1946 by
Ohio
RR.
shall
evidence
enly
the
right
exchange.
for
same
and
sales
both
and
continues
;
to be
^
,
at Dec.
with ap¬
;
Atlas
now
cwns
profits
reaching
new
actively identified with the affairs of that
T-
,
'
--
••>•'''-
■'
'Company's principal interest in the hotel field is now represented
by 125,911 shares of common stock and 53.387 shares of 4% convertible
preference stocknC$50 par value) of;the Hiiton Hotils Corp., which was
formed in 1946 through a consolidation of various hotel companies,
including The Plaza Hotel Corp.. Stevens Hotel Corp. and Palmer House
CO., in all of which company, had investments.
1
it
ACCOUNT
YEARS
CALENDAR
FOR
Barium
Co.
to
in
such
6
.
Total
j
Steel
Corp.—Sells
Unit—Earnings
'
Expenses
Federal income
of.
-
of
months
basis
Net
of
for
profit
New
in Co.'s His-
1947'before
Federal
taxes
were
in
excess
of
$400,000
average
The
inaustHes.V^v^^^Vl^'v',^^';'";.''•
ccn
income
and
v
68,864
.
tiflofiQQA
v
j 400,009
se-
■:
V
-.v..
on
governments.
v/V
Barium^ corporation
subsidiary,
for
the
the
American
of
purpose
Engineering
also announces the formation of
Steel. Tractor Corp., which has been
developing
and. producing
an.
$22,302,098
curity profits
'.♦-Deficit..-tlncludes
" "1,807,420
-
$2,829,787
$4,804,404
"
'
$570,312
.
new
formed
gain
of
have
new-monev
been
to
244,969
paid
off
new
with
stock.
common
of
requirements
notes.
on
At
$20,000,000.
;
telephones.
the
be
program
the
of
the
of
sheet
year
sale
of
resumed,
time
Later
matter
balance
the
being
from
in
December
of
are
progresses.
presented
[See also footnote to
of
turn
proceeds
required
met
were
end
the
Borrowings
will
money
the
Since
In
to
time
the
further
year
perma¬
below.—Ed.]
CALENDAR
revenues
YEARS
1945
service
revenues-
Miscellaneous
Total
'
Traffic
revenues..
and
Br91,750
129,403,276
115.307,402
19,797,257
13,231,544
24,025,394
13,647,522
31,394,645
....
amortization
expense.™—
expenses •
Commercial
expenses
General
and
Executive
and
'•■Provision
legal
and
for
Other
treasury
departments
service
accident,
general:;
income
funded
772,032
5,091,013
2,386,099
oth.
1,016,363
1,790,388
•••903,670
1,405,332
Cr554,952
&
ben.
1,595,533
Cr920,562
31,550,165
;
38.947,390
4.924.442
8,141,700
12,630,742
4,446~450
4,360,356
18,962,015
233,375
17,031,850
173,934
1,427,820
J2,900,394
charges—.——
17,167,570
14,305,390
debt_.._.._--.....--!-!.!-
4,012,500
4,012,500
«~...
deductions
from
Income available for fixed
on
1,662,467
!
.3,584,394
construction.™..——
.-..—-.—
"Miscellaneous
.."t
1,878,133
death
Net operating income
Other
■
pensions
expenses__
charged
n''
677,859
6,646,795
Net operating revenues.!—.———
Federal: income
Federal excess profits taxes.—
Other taxes—prin. state, local & social security
%
:J.
received under- license contract.—
Expenses
.
yv/;
departments
employees'
Employees sick.,
Services
8,856,929
1,629,432
miscellaneous expenses:
Accounting
21,213,088
12,482,748
Operating rents'
:
5,329,744
-
Brl59,?90
revenues.-.-.lj.l
maintenance
Depreciation
71,408,983
38,660,425
6,722,226
operating
operating
Current
_!
i
revenues
Uncollectible
c
79,850,837
42,989,603
-
interest
—
income
r
—- ——
— '
—
•
designs have been completed and prototypes
a
are being
European governorder for a large
for
French
the
government.
The
Barium
corporation
also
re¬
ports progress in the manufacture of
'
which it expects to introduce to
p.
334.
-,.r
■
.
•
r
.
a new patented ice cube machine
the public in the near future.—V. 165,
.
..
"
J,, .'•••
Amortization of debt
Other 'fixed
discount and expense.—.
262,780
258,123
73,034
charge5--ii^!^^-.^^^-iww!-w*; '■
'•
.
■
Net
72,946
21,617,
14,758
-
13,397.579
income
Dividends
paid
^
-
——-r--
9,947,063
10,400,000
10,075,000
accruals for
employees' service pensions amounted to
$4,210,606 for 1946 and $3,102,983 for 1945, of which amounts $626,212
for 1946 and $716,884 for 1945 were charged to "miscellaneous deduc¬
tions from income" in order to comply with accounting requirements
of the Federal
Communications Commission.
The company and its
"independent public accountants consider that these latter amounts
were, in fact, current operating expenses.
"Total
current
tIncludes
reduction
in
in
1945,
"Federal
$1,797,528, which amount
excess profits taxes" and
(Reg. U. S. Patent Office) William B. Dana Company, Publishers, 25 Park Place/New York 8, N. Y„ REctor 2-9570. Herbert
• Published;-twice
a week [every Thursday (general news and advertising
111.r(Telephone: State 0613): % Drapers' Gardens. London. E. €., England, -c/o Edwards & Smith. Copyright 1947 by Williami
1. Dana
as second-class matter February 25. 1942. at: the post office at New York. N.
Y.. under the Act of March 3. 1879.
Subscriptions in United States and Possession. $35.00 per vear.
Canada. $36.50 per year; South and Central America. Spain. Mexico and Cuba, $38.50 per year; Great Britain, Continental Europe (except Spain), Mia. Australia and Ainca,
NOTE: On account of the fluctuations in the rates of exchange, remittance* for
foreign subscriptions and advertisements must be made In New York funds.
is equivalent to the
"other taxes" attrib-
The Commercial and Financial Chronicle
William
Dana
offW!l35
8.
Selbert/ President;"William D. Riggs. Business Manager.
La
Salie
St., Chicago 3.
\n
•
j?
discouraging delays, due to familiar
net
1
in¬
tractor,
been very successful, the report states, and sales are limted solely by
the ability to secure necessary. materials. The Clyde Iron Works also
will
produce
and
deliver,
during 1947, a considerable
number
of
cranes
$11,077,048 in 1946 and $1,779,467 in
1945, with
respect to majority-owned subsidiaries and $915,569 (in 1946) proceeds
from sales of securities previously written off.
J
all-steel
a
place an
quantity of the American Steel tractors. The new steel road roller,
produced at the plant of the Clyde Iron Works, Duluth, Minn., has
;
.
accrued
$
Toll
Other
The
95,000
;
plus
at
not always
alphabetical
alphabetical
near
as
net
a
INCOME STATEMENT FOR
Interest
foreign
Toronto,
'
4
York, N. Y.
'
.to-?77 732
1,002,793
cost. -20,599,243-t3,672,845
v!,
was
borrowings
additional
service
from
440,000
$3,402,311
929,579
^
i"!
reports that orders
number of the plants
corporation
or
redemption
V;:;194GV'-
hand are in excess of $27,000,000 and a
of its subsidiaries are booked
solidly for the "balance •tof- the" year with demand for products at an
unprecedented rate from manufacturers here and abroad as well as
on
-
by
financing.
,r
and
in the history of the corporation. The improvement
jn earnings of the corporation started last November and has grown
"
steadily ever since. With the lifting of price ceilings and the cessation of labor difficulties the shortage of materials
that was holding
back operations gradually eased, the report points out.
^ ;
y During 1946 the Barium corporation acquired control of the Central
• jron
& steel
Co.
of Harrisburg, Pa.;
Detroit Steel Casting Co. of
«_•
Detroit, Mich.; Wiley Equipment Co. of Port Deposit, Md., and Wiley
Manufacturing Ca.vof Mountville; Pa;; Cuyahoga Spring Co. of Clever
land, Ohio; Baycnne Bolt Corp. of Bayonne, N. J,. which was ac¬
turing
%
Montreal
Pennsylvania—Annual Report
'
the
large, amounts
:
Division for
at Highest Rate
,;$l,702,856.'/, $1,531,559 $1,826,994 $2,3 F7,132 ■ .'^'produced at Canton, Ohio, under cn order from
"on^'._V.
/ment, which has-indicated its. desire to
contingencies.
of
in 1947 as the construction
there will obviously be again
Werei the largest
;.'f;>" 2,932
$2,697,575
801,717
>^972,979/.^; ,789,972
taX!-i"_\;rr O 75,000
'^23,000
securities
always
are
there
amounted
-
—_—,'
•
income r—__-.L—
realized
sale
Prov.
■;
$2,344,531
col
'. .Net
Net
$2,750,835
income.—!—
and
1946
part
notes
$20,000,000
company
Jacobs
in
.
196.087
.
v-,— -
v
Montreal
an
v'■>.
'
borrowings
these
Co., 70 Broadway, New York,
corporation has "sold the Jacobs Aircraft Engine Co. of Pottstown, Pa., for $1,500,000 to A. R. Jacobs, Vice-President and General
Manager, according to an announcement made by the Barium corP potation in its annual, report, issued on March 19."
■
The annual: statement for the calendar year of
1946 shows that
net
income, before taxes amounted to $155,036 and after providing
$70,759 for Federal ;and '.$tate taxes left a net income of $84,277.
? Minority share in the\profit> amounted to $17,629 and $55,303 was
charged\forr;amortization of investments in subsidiaries, leaving net
amount 'of $11,344
transferred to consolidated surplus as compared
Wjth $43,444 net income,, transferred to surplus at
the close of the
previous year./ I;'"
'V'■'
; ^ "
Net profits of the Barium corporation estimated
for the first two
$2,763,291
.
.
with
Throughout
substantial
<
quired in December, 1946; and the Republic Industries group of com¬
panies. At the'close of the year Barium had 15 subsidiary companies
operating in important branches of the steel producing and manufac¬
^.^'>T946 '$&'->• 1S45 '^'0 1944
Inqome—Dividends
$2,678,358
$2,149,976
$2,541,616
VInterest:'. -72,477^
193,083
151,759
'*>-Miscellaneous -.--.-uT;.-.' .f—.£441^ + 4 7>4®7
4i200
'■ft Est. net income of steel
'
Ja^ - '* ,
;
of
Additional Stock to Parent Concern-
1946
year
causes.
exchange
5
,
•
dividends '
,
The
'
,<i,
Bank
tne
average gain of 63,300 during the five pre¬
ceding years,
and an all-time high of 106,000 in
1»41.
Additional
installation work was involved in
the moving of 81,188 telephones to
new
street and town locations.
The company's gross
construction of $41,843,000 in 1946 is
topped
by a program of $65,000,000 for 1947, which latter can be carried out
onl-V if metals and other materials entering into manufacture becomo
available in larger quantities
than is presently the case. The
company
has eleven new
buildings and building enlargements in progress; con¬
struction materials come in with
confirming the
dated Sept. 20,
obtain
the
compares
Local
(Including Investment Company Subsidiaries)
,
ac
Pay-
at the agency of the Bank of Montreal
in New
these bonds may surrender the
same
for
Telephone Co.
Di'rine
This
the U. S. District
and
'
INCOME
maae
-
•
*■
.
Philip C. Staples, President, On Feb.
17, stated in part:
of company
vl
:
Bell
by said decree to
has selected Central
N. Y., the trustee
West Virginia System refunding
exchange.—V. 165, p. 1446.
The
,
of
Reveals Sale of
notice
Bank & Trust
Tractor
115,686
which had another record
stock -of Franklin Simon
with
year
company.
4
opened
nent
.
high levels.
'/ •< Company in August 1946 sold 400,000 shares of Radio-Keith-Oroheum?
Corp.- :common stock. !,i Company remains the. largest stockholder of
R.K.O.
be
.
business
;
Baltimore
13,
approving
under
the Pittsburgh,
Lake Erie &
mortgage,' as its agent to .make the
which
,,
stock,
the
March
Maryland
oe
or
;
2%
outstanding first mortgage 5% gold bonds, series B, have
redemption on June 1, next at 105 and Interest.
1446.
p.
Annual Report—
indicated asset value of the
of
that" date
Hanover
exchange for current
in
31, 1946, was Approximately $36.06 per" share as compared
proximately $34.14 per share at Dec. 31. 1945.
'
>
Dividends totaling $2;381,696 were paid during the year 1946, of
which $2,137,985 was paid cn the common stock and
$243,711 on the
^ preferred stock. All the outstanding preferred stock was called for
redemption on April 1, 1946, at $55 per share plus accrued dividend.
In June; company sold its entire
holdings of Bonwit Teller, Inc.,
consisting of 96% of the outstanding stock to the Hoving Corp.
■r'i'AX '.Franklin Simon & Co-i; Inc., was recapitalized, in May. Under, the
plan of recapitalization that company retired for cash its old preferred
i
to
the
as
presentVthe;
.
"
•
Atlas CorporationThe
bids,
tberefor; series A bonds of lika principal amount. ,
Holders 6f the old Pittsburgh bonds are required
A
stock
with
parity
any shares-of the out¬
prior to August 1, 1948..
series B preferred has been
series
(3%;% * effective Feb,* lv 1947. This action Is to
the
statement
a
preferred
entered
of
a1i.
in
Certificates—
sealed
$5,650,000 equipment
•
.
.■
' J .The company Jias ^alved, its jlght to redeem
4%-
plan
determined
,
standing
on
and
$3,000,000
However, they
position as possible.
has been given that April 1, 1947 has been
"exchange date" of the Pittsburgh, Lake Erie &
West Virginia System refunding mortgage 4%
bonds for Pittsburgh,
Lake Erie
West. Virginia System refunding mortgage 4%
bonds,
series A,, due; Nov. 1,11980.
the ' said: decree ' provides that after the exchange date the old
Pittsburgh'bonds and interest coupons appurtenant thereto maturing
affected
by rethat hereafter it will
decree
District
modified,
as
,
it
not', possess
pre-emptive rights to subscribe to new Issues' of preor common stocks.^
N,
.......
.
1 >'
..1
1
\ The outstanding Series A and B
preferred stocks are to be converted.
into ;a corresponding* series of new preferred on a share lor share
■
to the
the
issue;
NOTE-—For mechanical reasons it is
possible to arrange companies in exact
•
1'eyred
I
for
v
to plant and. V
of $7,500,000 5s of
order.
Offer to Pittsburgh, Lake Erie & West
Virginia System Refunding Mortgage 4 % Bondholders—
the
common stock is unchanged, except as
,V- classification of the preferred and by the fact
^
invitations
of
present
'
.V
time and will' receive the full redemption
price,
to June
1, 1947.—V. 165, p. 334.
any
^Exchange
of
j' 1 .The
1
issue
new
a
of
the
terest
hoppor cars.-.
recapitalization plan, the previously authorized 250,000
Pursuant
preferred, all outstanding in two series, and the previously V. Court for
authorized 650,000 shares of preference stock, none of which is out¬
adjustment
standing, are changed to an .authorized issue of. 900,000 new preferred,
shares
on
Balance
company's treasury in part
of assets.
series
capital purposes during 1946.
I
Holders
Canada,
trust certificates,
T, due serially 1948 th i°57.
Proceeds will finance not more
than 80% of the cost of l.otfo 70-ton hopper cars and 1,000 SO^ton.
into
recapitalization.
proceeds will be added to general funds to be used for corporate
;
purposes. The company's tentative budget for 1947 calls for
capital
>
1 expenditures
of about
$46,849,000, Compared with $34,853,000 for1
,
has issued
company
March
subsidiary,
a
nitaii. Vyjii
39,206,249
or managements valuation
the redemption
series B bonds,
105.
called for
NOTE—Costs with respect to investment acquired at inception of
through consolidation which became effective on Oct. 31,
1936, are based on market quotations or, in the absence thereof,
appraisals. by the board of directors as of that date.—V. 165, p. 934;
The
merger
Net
.
market!;
23,608,243
2,129,104
been
$75,419,350 $90,490,598
——
over; cost of
at
and after giving effect to redemp- /
t^e issued
W 1 conslst
All of the
21,911,263
——
for
mortgage
extensions and betterments
the
10,313,705
21,897,720
20,265,378
11,133,140
mainly
year,
outstanding funded debt of
1960, $25,000,000 3'/43
notes and $11,184,082 in
4,0 note sold to the
pension fund trustee, a total of
$81,684,082.
Maximum annual interest charges on first mortgage bonds following
®
present', financing and
redemption will amount to $2,587,500.
the company
-
V
_.„l
tExcess
' K
,
1,218,555
;
Cojnmon, stock,,(par y$5
.Capital surplus,
:
......
Earned surplus
fi^t unrealised appreciation..-..^...
4%
used
USecl t0 reimburse the
Calls 0% Bonds—
Rdseiwed tor. premium^ whibh preferred is en-
1
Feb.
on
17, company pn Feb.'
15-year mortgage loan, of which
current
bank, loans and $100,000 was
$800,000
$700,000 was used .to reduce
added to forking capital,—V. 164,
V '
V
1
•
„
>
lA'lll
500,000
Provisiori ;£or>cohtingencies
Provision-for'cohtingencies--.-.
"■
a
being
June 1, this
on
equipment
3,564,808''
$416,032
Cue
are
S $30>°00.000 in 5%..first
fnr°nTcf arve,,
^e1n^?ip^ny
1964, the
enu
issue
which are being called
•
tion
*'
the
uLoh6o!!miiany
159 938
of
the result that the Company win
probably
tory. inventory positipnf—V. 165, p.t.67, ■■
-
^
Proceeds
ooo uuo
10,000,000
449,310
52,966t743
6,619,795
3,956,780
cos.
_
1945
1 $11,426,928
U. S. Treasury certificates of indebtedness.
Divs. and accts. receive." and int. accrued.
iear,''
.
,
ASSETS—' *
company
r>
l0"
per
yea*
j
Jf
...
•,
1584
Utable"1 to
described
transactions-
the
COMMERCIAL & FINANCIAL CHRONICLE
'JHSfYtW v^w it....
*)*<*?■ A
(market pTice
The
paragraph.
following
in
cash
in
charged to surplus.
remaining portions of such transactions were
T
tQf
$2,052,809 to the Pension Fund in addition to current
accruals and a $35,93a loss on sale of certain real estate resulted
,
1945 in reduction in Federal excess profits taxes of $1,717,192 and in
other
taxes
$80,336.
ox
'V,/
•/. V
'
BALANCE
ASSETS—
.•
,/•
13
ance
31
DEC.
SHEET
1946
of
net
Telephone
plant
■^Miscellaneous
Other
cash
—
425~875
434,737
deposits
Working
•
—_—_______——
and
deferred
"Total
2,450,614
,1,504,883
L-
1,350,093
discount
&
522,926
889,557
—
expense—
debits
_______
_
tCommon
stock
Premium
h-*:,"!
mtge.
1st & ref.
sold
America.
from
Tel.
&
Tel.
Accounts
payable
^Accrued
liabilities not
Deferred
credits
other
&
Co.—
676,389
held
$1.40
to
about
2,828~508
i:
13,830,525
13,124,018
22,249,898
———————
Depreciation
and amortization
Unappropriated surplus'
To
—-
Schell
borrow
the
tin January,
banks
feel
applied
pany
to
referred
as
includes
taxes
to
of
in the text above.
$11,853,701, interest
Co.—Finds New
3139.
J
(.
1947
at
as
been
5%
15-year
and
accrued
called
sinking
monies
at
the
208
La
for
said
the
at
i
with
Mr.
the
and
voted
with
have
working
the
cqpital,
to
Mr.
the
first
Gross
income
'Net
taxes.—V.
——;
-
deducting
abandoned
165,
$1,000,000.
employment
Stock
—
Offered
of
500
shares
of
capital
stock
(no
of
par),
800,000
but unissued
,
on
■A
icnnnnnev,c
-'
As
at
Dec.
&
31,
Trust
Dec.
on
12,
there
1946
Co.
to
1944,
the
for
was
outstanding
of
r
'
,
;
,
the
will
company
be
$1,130,035
Co.—Earnings—
OA)
*•
Years—
shares—
common
■"The
tctal
operations
>charges
ferred
—
1,344,343
1,334,453
$2.51
—-
income
consisted of $1,028,230, or $0.76 per
share, from
$2,323,841, or $1.73 per share, from non-recurring
the principal item of which was $1,871,238* trans¬
reserve for war and postwar adjustments created
in prior
When
rA/.,
backlog of $31,500,000.—V. 164, p. 2683.
The
■■i
financial
compared
position
with Dec.
of
the
31,
1945
before
bank
corporation
is summarized
as
several
-
of
as
Dec.
31,
1946,
(3)
received
are
upon
written
amounts
of
names
underwritten
by
the
them,
of
each
added
year/
to
and
several
-
-
follows:
net
Deduct:
assets
bank
loan
Balance—net
Pref.
stock
Dec. 31, '45
$42,486,246 $55,861,198
2,700,000
4,500,000
loan
at
assets
$55
applicable
share
per
to
pref.
stk.
;
—:
224,110
$39,786,246 $51,361,198
6,188,000
•
Balance—net assets applicable to com.
Asset values per share—Preference stock:
stk._
bank
aggregating
loan
On
> total
of
-
and
the
808,725,
$6,166,050.
called
the
at
a
at
The
there
year
$2,700,000 by
with
the
terms
the
share,
per
outstanding preference
date.
1
■
FOR
CALENDAR
1946
1945
loans-
1944
75,212
92,350
93,316
income
Dividends
on
on
pfd.
com.
per
of
income
and
$1,506,419
'Hill
''
and
Lemon
Richards
Loewi
&
&
t3,220.478
1,000,474
$0.13
$0.10
$0.09
$0~06
or
loss
on
the
sales
of $190,548,
$2,056,296.
or
or
27 V%
of
25
cents
Power
Co.
preferred
stock
"
securities.
(Includes
cents per
per
of
at
share, from
share, paid from
14,237
cost
of
shares
of
$505,123
M.
&
&
&
&
Co.,
Inc
!
&
H.
O.
Peet
Stein
Stix
Bros.
&
&
Writer
; •
1
&
Boyce
;
'667
l
L
—
First Securities Co. of
Chicago
:
■
' G66 i:,-:
2i(i
»
■
.
....
666
500
—
-
federal
31,
1946
and
$619,826;
Wisconsin
'
-
of
2.4
accrued
•-."
•.
;>•
•
v
1946
1945
$1,697,355
258,507
•
370,682
sheet
: -4
145.310
of
I.
Gross
profit
from
reported
a
sales
year
aggregated
earlier.
tions,
which
results
in
is
from
first
and
-
to
the
be
can
being
future.
difficult
appears,
volume
are
the
advertising: and
the
'
""
:•
predict-
outlook
the
of
quarters of
by efficient plant opera¬
should help bring successful
V; ,-:!
earnings' of
the
and
demand
for
favorable
a
1947."—W.
164,
your company but it
Brillo products,
that
retin*n
rendered
3139.
p.
products
Net
'■"•
Net
operating
(in tons)
profits
profits after
Earnings
:
$2,068,756
taxes
for; "the
,,lf-._,v
161 578
639,545
share
per
increase
effected
continued/ and
maintained
second
were
r
immediate
);*•,•./,,•?
:V
from
economies
-
new
progress was reported
enterprise in Northern
hw
110,669
U $860,970
'.307,636
P"
ther
ing
white> President, stated
$305,975
the
total
the
"Red
$1.02
Rock"
Craft
Mill,
Ontario, Canada, which got under way ini
^
January, 1946.
'
in
; f »9«
11945
$2.13
Satisfactory
a
ia
$1,900,700
^
;
and looking at the
/''The increase of the cost of
labor, -raw'materials,
expense, limited ■ the overall profit derived
v°luma; However,
$1.57
company at Dec. 31,
1946 shows total
and total currant liabilities of
$471,932, a
discussing the last year's operations,
future, President Loeb said: ;
' :
:
:
of
145,310
the
$1,147,124
$1,697,355
v
$2.35
of
Brompton Pulp & Paper
Co., Ltd.—Earnings—
Calendar Years—
-/u-1945 •'// Vr
Sales of
1,333
1.334
1,333
1,334
1,000
'
$1,900,700
taxes
shares
to
against
"It
2,666
1,333/
^:"
*
.
income
share^_____
/ /
1,334
1,333
$1.53
$3.15
'<
In
;
/
1,334
/,
DEC.
Years—
per
was
expended
cost
of
on
the
in the
Red
the
unit, exclusive
developments, to $6,741,985.
annual report that "a
Rock
of
mill
during
expenditures
fur¬
1946, bring¬
on
woodlands
<
ac^tional
-
667
594,296
il:
selling
>
/* 1,334
:
BWtr
$910,550
594,298
Manufacturing Co.—Earnings—•
balance
1,333
:
'
on
.
».
1,334
='
(based
profit after charges and
ratio
1,333
'
Net
4,666
1,334
•■'■*.
share
profit from sales.
;1946,
;
2,000
:/v:
•
666
^
Thayer, Baker & Co
Wright, Wood & Co.—
r
—■'■I"' /'
$1,870,086
for
: current
assets
2,667
■
3,099,000
72,285
taxes
hw1',,..."
•
The
2,666
'
income
contracts.,
war
68.
Earned
•
3,334
-,
and Wisconsin
BALANCE SHEET,
No. of common
/
3,333
1
I
Christensen, Inc
>
'
3,334
666
667
:
shares)
Calendar
:
3,333
> /
"
$4,009,550
1,310,000
l::..;.
—
common
provision
Gross
3,334
.
,
666
,
Co.__
•:
.
•
1
1945
$3,937,266
1,337,168
per
Bnllo
5,333
4,667
>
*
:l '(
'
1946
$3,108,287
71,799
liabilities, $364,taxes, less United
States Treasury
Notes, tax series, of $907,830, $440,128; capital stock:
(599,992 shares, no par), $300,000; earned
surplus, $4,561,875*, treasury
stock
(5,694 shares, at cost),
Dr$69,890; total, $6,216,701.—V. 165,
p.
i
667
Co
&
667
-
Co.
Moore, Leonard & Lynch
Peters,
'
31
-M:'
•,-'.-4,666
^
666
"
,
DEC.
$3,180,086
i
LIABILITIES—Accounts payable,
762;
1
1,000
Co
:
ENDED
ASSETS—Cash, $1,181,112; marketable securities, at cost (quoted
price, $58,672), $11,417;
receivables, less reserve of $10,000,
$889,227; inventories, at lower of cost
(first-in, first-out) or market,
$2,613,741; cash surrender value of life insurance
(face amount of
policies—$300,000), $136,924; unexpired insurance premiums, etc.,
$19,201; plant and
eouipment, at cost (less reserve of $1,968,842 for
depreciation), $1,365,078;
patents', trademarks, etc.—at nominal amount,
$1; total, $6,216,701.
•'./'H"'
•
1,334
r
YEARS
market
5,333
1,333
v
Co."
STATEMENT,
-
\
"5,334-v.
•
,
1,334
& Torrey
■_
Collings & Co., Inc..
George R. Cooley & Co., Inc
Hallowell, Sulzberger & Co.___
Masten
.'
<
1,666
for the entire
war
renegotiation" of
common
"
1,667
Blosser—
amend
increasing the capital of the corpora-
or
profit-i____
Earned
'
V
C.
E.
!
Inc.
&
/
,
.
1,666
'
to
of
Net, profit ii—
5,334
1,667
Co.——
compared
the 594,298
profit of
net
1946.-,
stockholders voted
corporation's
Dividends
5,334
2,334;,;
;
the
from
and
6,000
•v> 1,666
•
L.
period, and settled the remaining claims arising out of
Provis. for Federal
"-//v: 5,333
2,667;
-
;
Co.—
as
on
in
thereunder, thereby completing renegotiation
INCOME
Total
6,000
2,334 'jA >
:2,333
.
Cohu
: C.
\i
Inc._^—__
Hano__..—
Co.,
Simon
Bioren
&
6,666
I..;-
2,666
Co.,
1946
operations
Other income (net)——
/
6,666
6,666
-
•2,667
-
Co.——
Irving J. Rice
Straus
I.
A.
999,600
748,948
J, °,.n sales of securities; also, distribution
Light
$1,462,211
999,600
t2,811,325
share
profit
$1,754,629
588,247
P?\d Dec- 24- i^45.
current net
united
option.
stock—
stock-
com.
■^Exclusive
.
$1,595,046
v
Johnson, Lane, Space and
Johnston,
.
205,266
'
7,333 :://
>
2,667.
war
War II
■'Profit
10,000
2,666
•_..:
increase
,
10,000
,3,000
& Co.^____^
share,
per
share, based
The
production.
49,666
,
v
1916.
Selling
./
3,334
;
C,
—
a total of
3,829 stockholders as of Feb. 7, 1947,; .:, (
the corporation completed
proceedings covering renego¬
contracts for the year 1945 and refunded the amount
1946
of
■
the
/:
3,334
•
Report
contracts. / : " , -;;
v-y, ■
'
At the present time (Feb.
20, 1947) the Automotive division is equal¬
ing its prewar output of locks and
switches, and the Engine division
is turning out a record volume of
'
2,666
Mackubin, Legg & Co
Rogers & Tracy, Inc
Cruttenden & Co.-
stock
■ 1943
$1,853,147
■
$1,797,654
208,137
,55,104
83,099
*•.
-
°Net
Earns.
-j
a
Battles
293.976
World
Stockholders
v'K 3,334:/:-:
vi 3,000
/:
Co.__.
Van Alstyne, Noel
YEARS
$2,103,709
241.384'
']
conv.
or
.
\
V
Div;
the
Milwaukee
Newburger '&
ACCOUNT
—$1,911,643
bank
on
of
price of $55
and
From
3.667
Co.__
v'Scherck, Richter
-Stroud '& Co., Inc
payments
—
Taxes
$3
pay¬
of
&
$3.15
or
$1.53 per
or
31,
without changing
determined
follows:
as
'"
;
19,
terminations of
..
are
5,000
;
$1,870,086
earnings of $9)0,550
March
During
is
5,000
M.
The
,
income
Interest
redemption
balance
.'V
■
5.20
of $588,248 on
the preference stock
payment of $3,220,478, or a total of
$3,a
decrease of $5,380,874 in the value of
the net
1946 applicable to the common stock.
INCOME
Expenses
—
\4.49 V
dividend
was
the
the
later
dividend
common
^assets for
Total
compliance
$355.23
.
:
:j1 T
.••.•v';
V
1946, 112,110 shares of the $3 preference stock selected
redeemed
were
may be
-'■X After
in
$229.18
,
matter
24,834
Byllesby & Co. (Inc.)
Central Republic Co. (Inc.)
Bingham, Walter & Hurry
The First Cleveland
Corp./
agreement.
Sept. 2,
by- lot
$1,800,000
Shields
H.
shares
Co
Haydcn, Stone & Co
Hemphill, Noyes & Co.
■
.
California
-
12,382,078
$33,598,246 $38,979,120
otstanding Dec. 31, 1945->„«
112,000 shares outstanding Dec. 31; 1946^--!
v"
; v"' Common stock (7,489,483 shares outstdg.) ;■
During the year the bank loan was reduced to
ments
•First
was
outstanding at Dec.
tiation
member.
a
underwriters
Company
Eastman, Dillon & Co
;
Kidder, Peabody & Co
Merrill Lynch, Pierce, Fenner &
Beane
Annual
Corp.
dividends"
the
From
Dec. 31, *46
Total
Stratton
&
corporation had
working
-No. of Shares Purchased-
*
i
"Book
becoming
respectively,
$6,300,167
same class,
to
as
$6,626,362
profit for 1946
On
without
by him
letters
996,832
tion, ,-and entitling stockholders of record of the corporation at the
close of business on April 15, 1946 to receive an additional share of
stock for each share then held,, which resulted in the issued shares
being increased to599,992 ,(including 5,694 treasury shares). The
the
steps
UNDERWRITERS—The
JBlue Ridge Corp.—Annual Report—
subscribers.
199,154
1,229,442
■
Chemical
with a collection agency
but, if these efforts prove
company
does not consider it practicable to take
enforce its riehts.
Subscribers who have ourchased
their first four books and
thereafter fail to purchase at least
four
books-of-the-month annually receive notice as to
their delinquency.
If this does not result in
compliance with the contract, the
delinquent
subscribers are dropped from the
companys list of subscribers.
Working capital at Dec. 31, 1946, after investment of $1,438,938 in
properties, plants, and equipment, amounted to $13,869,102, or $10.31
a
to
distributed
199,154
borrowed
placed
unsuccessful,
further
■,
■
sold
are
follow-up
necessary,
ultimately
years.
■r'per! share.
>; '••;
Company began 1947 with
also
are
books"
137,700
3,250,000
■
—
from
of
price of the premium book
and
and credits,
from
books"
"premium
3,250,000
s
par)—i.
during
charge; the company
distributes book dividends
regularly to its subscribers^ and premium
,books-:are; given; to new subscribers, to subscribers
who* procure new
subscribers,, and to .subscribers making certain payments in advance*.
A subscriber becomeS'a member
Of the Book-of-the-Month
Club,The.
by signing a contract obligating him to purchase
annually at least
four books-of-the-month but
he may cancel his
subscription at any
time after he has purchased the first
four books-of-the-month.
If
a
subscriber
fails to purchase four books-of-the-month
during
the first year of his
membership/ he is requested to complete the
purchase and, failing that, to
pay to the company the regular retail
$3,344,288
i
share
per
and
1946
$46,068,338
*3,352,071
—————
books
mended
a
$2.49
—_
the
626,169
1,000,000
incorporation, effective April 15/ 1946,
changing each of the 299,996 issued shares of the
corporations capital
stock (including 2,847 shares of
treasury stock)* into'two shares of the
books without charge.
In general, books are
the following ways:
(1) "Books-of-the-month,"1
month, are sold to subscribers.
Roughly 90% to 95%
sold by the company since 1940
have been "books-of(2)
Miscellaneous
books,
including so-called
"recom¬
number
each
($25
496,504
1,125,000
678.
p.
1945
distributed in
or
the-month."
138,601
1947
sales
profit after charges and taxes—L+L—_—
Earned
of
'-4
.
Net
No. of
'•.,
sold
selected
$1,112,310
138,923
-----—?•
■
1945
130~666
—
the corporation's certificate
nnn
HISTORY AND
BUSINESS—Company was Incorporated. in v New
York Feb.-11,
1926 and distributed its first'
"book-of-the-month" in
April of that year,
;1 •:;'v::
The company is engaged in
the business of selling books
by mail
to its
subscribers, who are referred to as-members of Book-of-theMonth
Club.
Company, In addition to selling books, distributes a
-
'•
payable
amount,
loan
12
r
H.w.v
to
purchases
an increase in profit before income taxes
of $94,052,
a decrease in provision for
income taxes of $855,484.
Cash divi¬
dends of $2.25 per share based on tlve
number of shares now outstand¬
ing, or a total of $1,337,168i were paid
$600,000, and the
$360,000, payable in semi-annual
31, 1946 was
$60,000 each on June 12 and Dec.
-
instalments of
'
a
original
43,828
1,083
...
bond
war
and
five-years,Was
unpaid balance at Dec.
'
The
company.J
term
a
for
$45,401
•!
$959,536 reflects
'Upon issue of the unissued shares offered
by this prospectus.
Bank
commissions..
deductions
stock
shares
j-v...yuu.uuu sns.
i
'
$6,300,167
$44,770
and
wages
165,
with
which
'Outstanding
ann
»uuu sha.
'
10,500
U 151,492
'
A
contingencies
Net
com¬
.
Authorized',*
(par. $1.25
263,839
920;081
39,774
Coughlin, President, states:r-
were
-r'A
charges
Briggs
?
684,348
2,116,719
•
-
Total
—V.
stock (par $1.25), and the 100 author-1
changed into 800,000 shares (par $1.25).
The resultant capitalization is shown
by the* following■ table;"
Capitalized stock
etc
Capital surplus
Earned: surplus:
shares of. capital
shares
1,061,156
2,580,945
259,858
-4,750
94L.997
,
42,380
policies
$6,626,362
Capital
300,000 shs. of capital stock (par $1.25) at
■
insurance
taxes (inel.. Fed. inc. & exc.
prof, taxes)
Reserve for Inventories and contingencies
Reserve for postwar rehabilitation
and
other
A
—
life
assets
war
y 1945
$786,158
1,478,748
992,606
Accrd.
.
Inc.
notes
int
—
Employees'
Schell, to replace the expired contract. Mr. Schell's
be $50,000, and he will also receive 5 % of the
earnings of the company up to $3,000,000.—V.< 165,
Club,
SHEET, NOV. 30
$742,669
cost
plus accrd.
receivable (net)
investments,
Dividend
were issued and
outstanding.
On Feb. 17, 1947 the there-:
outstanding 400 shares of capital stock (no par) were
changed
i2ed
charges, including depletion, depreciation, cost
leaseholds, and provision for Federal income
Net
•
"
$758,273
520,000
1946
and
Accrued
and
^■capital..v,;^Vi-"
1946
•
289,581
23,617
.x
$778,850
710,000
;
Accounts payable
stockholders.
five-year
BALANCE
hand
on
secur.—at
LIABILITIES—
the
'..^
into
and
1447.
p.
Blaw-Knox
Calendar
all
wells
,J
—.————2—
—
profit
*After
.
of
—
'"*•
J,
:
.S
Total
,~v
year,
dividend
common
shares
tofore
substantial
'■
Govt,
S.
and
Inventories
he
from
another
told
new
a
the
last
$1,000,000
borrow
Schell
of
period
same
borrowed
increase
to
time,"
approval
PURPOSE—The proceeds
\
Calendar Years—
)
$1,346,460
2282.V
banks
Deferred
company
might
same
V ;.,
:
consisted
pany
415. /v.:,/
p.
Bishop Oil Co.—Earnings—
,
1,972^372
295,880 >
'
^
Surrender value of
will
net
in
Sundry
Capital
CAPITALIZATION—At Dec. 31, 1946 the capitalization of the
400
Payment
City National
St., Chicago, 111.—V. 164,
379,816
$3,043,843
Manufacturing Co. (& Subs.)-^Balance Sheet-—
U.
meeting
annual
Will receive the prcoeeds from the sale of
200,000 shares.
164,j
Salle
So.
761,000
',1 1,040,900
Cash
Company will receive the proceeds from
the sale of 100,000 shares and the
selling stockholders
redemption on April 15, next, $52,400
debentures dated April 1,".1945 at par
will be made out of sinking fund
Bank & Trust Co. of Chicago, trustee,
fund
interest.
$3,423,659
,
,.1,746.461
..
income_______—
on
CONSOLIDATED
additional
•
of
taxes__
ASSETS—
;
additional
were
compared
that
the
Mar. 20 offered
B/G Foods, Inc.—Partial Redemption—
t / There have
taxes
164, p.
$12 per share.
(
t
Federal
profit
Boss
increased
banking syndicate headed by Eastman, Dillon & Co.
Gold
i
24,639
X
$2,107,461
$2,821,192
Dividends
'
^,
p.
Net
•
gold
new
$2,845,831
28,840
$3,300,779
122,880
——
that $869,000 of last year's
utilized
to
retire
the
preferred
needed
would not be logical
salary
„
vein has -been uncovered on the properties of this
companv, John W. Hausserman, President, announced.>• .•£•
•-<
He
said that samples from the new vein show a return of $9.10
worth of geld from a ton of ore over a vein width of eight feet. !
7Lower grade ore was found: over an additional six feet.
The U. 8.
,price fbr gold is $35 an ounce.
.• , /
The Benguet properties are located near the Baguio District on the
Island of Luzon,
150 miles north of Manila, P. I.
\
No actual gold mining currently is being conducted by the company,
Mr.
Haussermann said,
because the three mills which. processed the
ore were completely destroyed by the Japanese during the occupation *of Luzon. The company is building a new mill and it was during the
'excavation of a haulage tunnel from the company's mine to its new
plant that the gold vein was discovered.
;r
v.
"
-■•'"The company
already has spent $2,000,000 on mill reconstruction;
and expects to spend another $1,000,000 before the plant is finished, *
•l Mr.
Haussermann said.
He
added
that by
September the company
hopes to have a day unit to process the gold bearing ore with the
ultimate objective a 4,000 ton
mfjl. ("Wall Street Journal.")—V.
A
;
v
$2,136,300
—
profit before
Canadian
Schell replied
Book~of-the-Month
Consolidated Mining
Benguel
it
1311.
p.
(Retired in 1946.
§For 1946
of $1,225,050 and rents of
Mr.
also
January,
consolidated
$45,267.—V. 165, p. 1063.
'
$2,661,746
184,085
Federal excess profits tax_-.___.
Federal normal income tax & surtax
company paid out only a total of
last year, when earnings amounted
share
$1,400,000
stockholders
annual
American
of
money
contract
sold 200,000 shares of common stock, par value $100 per
Telephone & Telegraph Co., the proceeds being
the repayment of advances of $20,000,000 from that com¬
to
share.
a
disclosed
since
The
1947,
company
:share,
380,328
deductions:
Net
'
,
—v.
1v'"
the working capital needs of greater business in
Mr.
*Property not now held for telephone purposes,
-
.2403f-^.v
meet
451,897,670 425,824,763
——
Other
$2,800,000; common stock
$4,684,008; earned surplus $9,-
President,
why the
common
about
months
"I
■'
:
two
;
*$1,755,972
—__I
income
Accounts
a
company
154,057,785 140,282,240
11,172,577
11,672,142
—
Total
!•
of
102,548
215,668
—
reserves-
$6.11
The
added.
11,012,667
due_——————
stock.
Schell,
inquired
in dividends
earnings
20,000,000
3,321,143
Total
:
,
13.
stockholder
A
20,000,000
H.
H.
March
on
$2,499,936
_
operations__,-___„_
1929,
stockholders _< of
this
company
cannot expect
at this time because of the company's need for
working capital,
•
35,000,000
liabilities—
current
stock, series of
capital surplus,
$7,489,483;
dividends
20,000,000
billing for service & customers'deposits
^
.
35,000,000
2%%
;
•
(Sidney) Blumenthal & Co.—Dividend Outlook—Bor$1,000,000 From Banks— *'
: '
,
'
50,000,000
—
(Advances
Advance
50,000,000
bonds, series D, due 1976
bonds, series E, due 1973
to trustee of pension fund—
1st & ref. mtge.
Note
bonds, series C, due 1960—
-
.;
..
Common
676,389
mtge. 2%%
5%
preference
$1),
from
income
rows
130,000,000 130,000,000
—
stock
capital
on
1st & ref.
market
016,605; total $26,766,604.—V. 164, p.
^
value—$100)
(par
(par
451,897,670 425,824,763
_
LIABILITIES—
1946
1,423,187
—.
_•,—-—
debt
convertible
13,063,066
4,099,292
1,736,163
—--—-—«?*;—
supplies—
Prepayments
Unamortized
13,573,966
31,
,1\
345,300
--—--r~
receivable
Accounts
Material
Dec.
Other
Securities—at
payable to bank {2lA% ),.,due Oct.
1,-1953,
$2,700,000; accounts payable and accrued expenses, $34,464; provision
for Federal,
state and city taxes, $42,015; cumulative optional.-,$3
525,165
"
BALANCE SHEET DEC. 31, 1946
$213,523;' United States Government
LIABILITIES—Note
8,924,000
-----—---——
funds held by employees & agents-—
Speciai
Other
investments
Profit
(at
r
.
,
quotations—$2,057,500),$2,028,859;
dividends and accounts receivable and interest accrued, $121,471; in¬
vestments, at average cost (at Dec. 31, 1946 market quotations—
$40,170,260), $24,402,751; total, $26,766,604.
■•:' *- *4t;:V* ^ ' /
6,342,170
720,653
2,235,066
5,867,017
31,083
3,696,733
———
investments
Temporary
n
————__-._-.-__--------
physical property
cost
420,159,785 387,401,102
<l?•)
or
approximately 30
sales of securities.
profit on
•
1
Monday,'March 24^ 1947
Dec. .18, 1946,
paid from current
Was
$2,213,679,
ASSETS—Cash,
8
paid
mI
f'• >">
m
STATEMENT OF INCOME FOR CALENDAR YEAR
,
of fractions
v;v,V:/<
1945.
*'
.
date of declaration $79 per share) and $59,357 paid
of shares of such stocks. '
on
lieu
this
from
'V1
-
in
dividend
cents per share,
Payment of
•
l.>1
*»
J
added
required
of
they
expenditures
will be spread
material is not
yet
over
are
a
in contemplation.
lenethy period as
freely available."
$f993°48?—p'aj3H'420'680'
'
However," he
much
of
the
'
up $427,198 from the 1945 total
:
j\
|r
*• C"
.
Number 4579!
165
Volume
<«
i
v
Columbia Pulp & Paper Co., Ltd.—Calls 7%
British
'
All of the outstanding 7% general mortgage sinking fund gold bonds :;1i;
first mortgage sinking fund gold bonds
called for redemption on May 1, 1947, at 101 and interest
been
Payment will be made at The Bank of Nova Scotia in Montreal
Toronto, Halifax, Saint John, Winnipeg or Vancouver, Canada.M The
bonds are also payable at the holder's option at the Bank of
6%
Nova Scotia at London, England, or at the agency of the said bank
in New York, N, Y., or at the Continental Illinois National Bank. &
Trust Co., Chicago, 111.—V. 157, p. 7. ' u.. ,,,
.
(Mexican
'■
Period End. Dec. 31—;
Total
operat.
;)
Co.—Earnings-
Total
1946
sales
Cost
of
sold
I
^
i
T
.
,
"
•
•
•
v ..
.
.
LIABILITIES—
'•
payable (bank loans)—
payable and accrued accounts——__
Z;
••
and
Salaries
1946—12 Mos.—1945
Accts.
■
377,327
40,462
47,716
943,790
$171,483
/. $144,890
$2,388,038
21,442
g;-' 1,040
112,884
$192,925
$145,930
310,401
47,031
$2,500,922
i 784,438
erty
3,603,441
879,384
4,291,970
; 321,101
„
and
on
revenues—
oper.
income
Income
____'
.
deductions]
of
$2,705,672
Cr225,601'
*
384,764
$1,331,720
■
Total
$108,125
income
Net
$81,025
•
—V.
•
/ 227,625
1,021,657
1,400,000
10,185,300
9,206,736
6,579,975
10,185,300
9,206,736
5,284,411
$32,698,566 $31,227,562
___:
/
'
\
'
143,409"
shares, no par)
—
87,634
311,194
1,718,894
1,400,000
general contingencies
160, p. 428.
* ....
t
,'^288,156
accounts, incl, deposits for purchase
Savings Bonds—
taxes on Income (est.)__
for
j
/ 277,293
,
rolls—
pay
766,807
$1,379,398
17,874
1,060,455
54^34
Federal
Reserve
js
.
>
—
Capital stock (509,265
Capital surplus
Earned surplus
$2,722,059
575,854
Federal
for
1,029,253
606,169
—
withheld from
or
S.
U.
U. S.
16,387
,
t
not consolidated—l
franchise, income and prop-
(est.)
taxes
Taxes
Employee
Net
wages
local
888,112
,
foreign subs,
with
State
$7,188,497
$1,500,'006
1
$1,233,378
Accounts
,
7-'
y ^
Notes
v,
$513,7077 $7,623,798
'
$5,909,523
5,585,218
7,015,638
consolidated)
not
$589,272
1945
$7,479,057
goods
'
•
(1946—Month—1945
operating
/
/.if
';' v:
;
revenues..
utility
Provision
31—.'
Years Ended Dec.
Net
,
subsidiaries
f revenue deductions
Non-utility costs & exp.
Gross
Brown Durrell
i
>•
'
and all of the outstanding 6%
have
;
•
California Electric Power Co. <& Subs.)—Earnings—
.
and 6% Bonds for Redemption on May l, Next
.
1585
THE COMMERCIAL & FINANCIAL CHRONICLE
•
V...'.'
.
.
*
•
•
.
-V.
</'
Balance
,
.
$463,419
14,942 '
$324,305
9,834
„
165, p. 527.'
Carolina Mills, Inc.—Merger
Canadian Breweries Ltd.—^Earnings-—
y
Profits
Net
-
profit
before
depreciation,
•/'v
Provision • for
Interest
taxes—
201,933
from
Other
operation
income
'195,050
>
-
Total
profit for year
Preferred
_j._
deductions
Income
Earned
—1 __—II2ZI—
per
9^05
$1.44
.
hand -and . demand >■ deposits, $658.391; U. S.
and accrued interest, $202,708; accounts receiv¬
merchandise inventory, $663,173; sundry debtors
and advance payments on machinery and equipment, $16,868; invest¬
ments, $5jj2,610; fixed - assets, at cost ; (after reserve for depreciation
of $132,226); $30,068; prepaid insurance and- expense, $22,649; trade-marks and goodwill,
$1;- total,
profits/applicable $0 minority interests..,—
512,837
1,304,800
V'
;
$1,369,181
$1,024,932
JAN.
31, ,1947
Associated
Against Proposed Plan— •
prepaid .expenses;.-$345,106; vrefundable
•
,
payable ancL accrued" items,- $349,428; . re¬
and Federal taxes, $201,525; reserve for con--
LIABILITIES—Accounts
for
serves
State
local,
stock,
common
$2,889,160.—V.
$7.50),. $1,344,983;
14471 '
(par
165,
p..
3
,
NOTE—For
possible
(par $100), $192,surplus, $701,125; total,
cumulative preferred stock
5%
tingencies, $100,000;
100;
.
mechanical
it
reasons
is
position as possible.
not
always
alphabetical
alphabetical
to arrange
companies in exact
However, they are always as near
order.
/y v/9
■
•
.
•
•
.]IJLAB]Ijn'lDES--«Bank •loans
•
liabilities, $2,480,421; Federal income
taxes
(after
tax notes of $1,569,900), $2,964,444;
funded debt,
$9,941,746; reserves for inventory—re Dominion; excess
profits tax, $311,482;
reserve for refund of customers'
container
deposits—U. S. A./$1,157,920; minority interest in subsidiary company,
$1,784,179; Capital stock (2,000,000 shares, no par), $16,421,711; cap¬
ital surplus, $1,724,571;
distributable surplus, $7,031,716; total, $46,,002,599.—V. 165, p, 935,
.
_
Ltd^—Calls 4% Bonds— //.
6 Months Ended Dec.
Net
sales
—1—_—
31—3 V :
profits ^__
Selling, andmin. and
Operating
profit
Micsellaneous
V
C
•
'
St
1946
3
3$6,709,805
.333
1,420,764
—_
Gross
gen,
expense—
____.
742,030
$48,604
/; $450,674
.
$7,403,076
1,466,041
653,499
$812,541
790,634
970,089
>
1944
1945 ■r-'
$4,641,006
t
4% first mortgage bonds, series A, due July
2, 1960, have been called for redemption on April 15, next, at 101V2
and interest.
Payment will be made at any branch in Canada (Yukon
Territory excepted) of The Royal Bank of Canada, at the holder's
y-All of the outstanding
earnings
.Traffic
-
Miscellaneous
expenses
Prov. for income &
exc.
v'tNet income
Dividends
preferred; stock. 3.3
,
stock—i—_
130,000 shares
'/♦Deficit,
?
on
and
BALANCE
CONSOLIDATED
Total
deferred
Notes
and
-
6,962
not
payrolls,
for
taxes,
state
Federal
for
Reserves—Unearned
cut-over
accident
profit
for
Terminix
stock
164,385
36,377
10,768
retreating
1,900,000
650,000
:
,
,
,
$7,719,299
Total
-V.
$6,991,886
sales
—
products sold
administrative and
30—
Operating
1945
Other
$1,840,809
691,074
admin.
gen'l expenses
&
$758,667
$1,149,735
selling,
$456,654
Other
;
Federal
St6te
normal
ihcome
ReServO
;;{
Net
for
income
tax
and
-
surtax
taxes
Net
18,932
434,000
—;
$486,858
50,333
—
1
28,204
Taxes
.'186,000
11,000
Total income .1
4,000
300,000
.
Ca^h dividends on common stock
BALANCE SHEET,
on
$279,277
275,220
LIABILITIES—Notes
275,220
taxes,
on
payable,
$800,000;
profit before
income
special credits
-ML
165, p. 935.
-
•* y
.
.•
'■
.
•
I,*
.
»'
;«'V.^ »-f
FOR
EARNINGS
3
MONTHS
1,341,836
Logan
stock.
Provision
provision for income taxes-estimated income taxes——
for
income
income
1947
$1,860,158
1,111,395
other income,—
before
Profit
Net
31,
JAN.
ENDED
Selling,
^
$748,762
316,000
—
1——
$432,762
__
per
$0.89
share.
BALANCE SHEET,
JAN. 31,
1947
.
1
;
.
/
$1,949,926; marketable securities, $130,000; accounts
receivable (less reserve), $2,038,820; inventories, $4,693,877; other cur¬
rent
assets,
$390,336; customers' checks undeposited
(per contra),*
$351,089; fixed assets (less reserve of $4,953,723), $4,445,9^4; patterns
and drawings, $1; deferred charges and other assets, $240,619;
total,
ASSETS—Cash,
to
distribution and
are expected
1945
year
*
for postwar
inventory adjustments,
etc.
1,380,746 shares compared with
Total net assets
$20,883,536.
of which 41.2
cents was derived from net investment income and 28.8 cents from
realized capital gains. This was a gain of 75 %
over the dividends
-
RESULTS FOR
Cash
*
-U.
S.
~ —■—
Treasury
——-—$4,939,279
tax notes——-!.—:—:—-
S.
Net
Savings Bonds,
290,608
profit
gain
basis
2,520,885
12,771,037
Refundable
■
Investments
-
,
*
prion years toe.
assets—.lii——''
U. S. Fed. taxes on
and other
equipment 'inetXy-—Patents, patent rights;
etc.T (net)„^——_—
Unexpired insur^premiums " and prepaid exps. —
Property,
>
Total
plants .and
1||_
----------
3,268
$247,485
—
11,138,831
Divs.
on
30,750
.
93.543 ;
:•
3.487,656 '
3,952,835
6,616,29?
23,668
33,951
3.906.735
"
„
6,221,931.
.29,609 .
;-r 25,-922*
___—
■
$32,698,566 $31,227,562
dends
"$410-,996
102,304
74.076
$117,269
$591,257
398,240
206.885
202,276
951,120
337,312
; ;
$336,919
•
222,886
SHEET, DEC. 31,
1946
^
with custodian^--or redepo^ted with
$682,543; .receivable from sales of. capital stock, see.iW.
and interest receivable, $42,025; investments at- vaiue
ASSETS—Cash on deposit
banks,
v
$693,561
'
—
—
paid in cash
-*
15,812.
12,831-
2,700
$137,220
19,951
sale
BALANCE
-
'
/f ''
1946—12 Mos.—1945
$680,730 < $395,184
140,710
$274,191
of
/ portfolio securities on
"first * in, first - out". '
702,490
4,042,643
'
'_
—26,706
Expenses
•
appreciation at the
$3,683,483 on Dec.
MONTHS ENDED DEC. 31
1946—3 Mos.—1945
$270,922
$134,511
dividends
Total income
$2,809,347
288,108
THREE AND 12
31—
^obligations8'-?--
Net
Series G__——:
Trade accounts receiv«ble____^__^__——i—-w
Inventories
—-—i—-——T'
U. S. Savings Bonds, Series E, held for sale to
U.
Income—Cash
,
'V /.•///■:•••
share for 1945. Unrealized
$5,833,980 compared with
40 cents per
1946 totaled
Period End. Dec.
..
SHEET, DEC. 31;
of
1945.
31
100,000
—
$15.12 on
amounted to
per share on 1,121,880 shares a year earlier.
41.5% during the year from $14,760,804 to
Dividends paid in 1946 totaled 70 cents per share,
$13.15
$571,206
1945
ASSETS—
company
share
per
——
.
total, $14,-
rose
end
/;
i——
reserve for
.
in its ninth annual statement to stockholders reports
that on Dec. 31, 1946, asset value per share was 15% higher than at
the end of the preceding year. At the end of the year asset value
Federal taxes
—
fiscal years,
capital and surplus, $9,434,813;
\
V
Inc.—Annual Report—
Chemical Fund,
The
957,214
$2,568,726
:
customers'
contingencies, $1,381,386;
240,662.—V. 164, p. 5.
$298,398
671,382
accrual for current and prior
advances (per contra), $351,089;
LIABILITIES—Income tax
$3 073,373;
V?
totalling
prior
of
CONSOLIDATED BALANCE
Corp.—Vice-President Resigns—
been on leave of absence from his active
since last December, has resigned as
President of Burlington Mills, Corp. of New York, and as Vice-President
of the parent, but will continue to serve, in an advisory-capacity .to
the corporation and its affiliates and continues as a member of the
; Burlington Mills Corp. board of directors. R. L. Huffines, Jr., VicePresident, has been assuming Mr. Kiopman's duties in his absence.
926,757
;
Dunbridge, O.—Files with SEC—
profit on sales (after depreciation)
admin, and general expenses, less
Gross
$2,568,726 $1,571,206
Cash dividends
paid——
; 1,273,163
1,018,530
Earned
per
common share
*—
——>:7.
$5.04
$3.0.)
NOTE—Provision for depreciation of property, plants and equipment
charged to costs and expenses amounted to $529,275 in 1946 and
$530,609 in 1945; amortization of emergency facilities charged to costs
amounted to $1,763,332 in 1945 (there was.no such charge in 1946).
accounts payable, $332,597;
William Klopman, who has
duties with
this
corporation
$3,211,191
Chain Belt Co.—Earnings—
$4,402,541 $1,255,613
187,529
207,412
1,646,285
476,994
——_____
;
Net profit *; "i,_41,--
$4,000;
Burlington Mills
1.884,053
$3,622,111
$296,081
111,8*20,
of two alfalfa dehydrating plants from
Inc. and for retirement of latter's preferred
purchase
for
stock,
—
-
67,023
requiremts.
1452.
County Dehydrators,
CALENDAR YEARS
—
income
]//;
Federal and State taxes on income—
estimated, $445,000; reserve for contingencies, $300,000; common stock
<par> $1). $275,226; capital surn'us, $39,563; earned surplus, $3,092,536;
total, $5,288,916.—V. 163, p. 2001.
;; ., , ',:V
local
1,609,453
1,954,225
March 13 filed a letter of notification with the SEC
for $300,000 of first mortgage bonds to be offered at $500 per unit,
without underwriting. Proceeds will be used for retirement of preferred
whole program *:<
the expenditure
$3,731,158
....—-
-
-
deductions
Reserve
NOV. 30, 1946 -
,
163,634
163,043
$345,388
Central Mills, Inc.,
$37,068,805 $40,416,337
25,839,313 32,628,395
general expenses.—
7,498,333
7,489,543
income
Special credits;
refund
ASSETS—Cash, $190,358; receivables, $1,008,467; inventories, $2,852,496; other assets, $353,113; property, plants, and equipment (after
reserves
for
depreciation of $902,576)/ $849,904;
deferred charges,
$34,077; total, $5,288,916. ,
:
■;/-•/-'• '/
,//]'V?
/„■
accrued
profit
Estimated
Cr351
$394,634
contingencies
profit
128,413
The company on
Domestic Subsidiary)
Total income —i—.
40,231
-'Other deductions
p.
around the motif of greater
300,013
$1,189,966
Other Income
;y
divid.
165,
Net
1946
Cost of
Years Ended Nov.
71,408
$7,215,026
2,119,782
$7,185,78.9
$622,758
$14,240,662.
Selling,
Shipping,
$7,143,618
99,238
;
193,303
income
Pref.
—V.
earnings of $2,568,-
(F.) Burkart Manufacturing Co.—Earnings—
Net
4,099
•
&
inc.
on
'
world-wide distribu¬
coun-
CONSOLIDATED INCOME FOR
OF
(Company and
163, p. 2990.
'
$667,104
—
taxes
Net
or
STATEMENT
Net
1946
2,291
>.
income
Gross
Fed.
;
-
~
production and decreased manufacturing costs.
The
predicted upon a five-year period and will involve
of upwards of $20,000,000."
More employment and greater employment security
result from this expansion program,
which includes
sales as well as production, according to Mr. Batts.
2,455,710
991,697
jt"• v..'V
Deductions
will make recordings in foreign
but also
is
10,649
1,900,000
650,000
2,616,792
991,697
expense.,
(par $100)
stock
preferred
-.t *
'"V:--
■v
$7,086,551
$618,659
$664,813
equiv. spec. charges-
that Capitol not only will open
and organization.
"The whole modernization plan revolves
181,888
36,422
'
p
facilities
'
T
(par $5)
23,700
? 240,500
of
sales
on
insurance
surplus
surplus
Paid-in
taxes
income
land
cumulative
Earned
.
$313,181
23,908
164,231
9,000
342,637
/
taxes..
'
$5.04 a share on the 509,265 common shares. In
1945 net earnings were $1,571,207 Or $3.09, a share,
'
"The present sales level," said Arthur Batts, President, after re¬
porting 1946 sales of $37,063,805 compared with $40,416,337 in 1945,
"is only slightly below that of the average of the war years.
"Careful commercial research investigations warrant a forecast of
future potential sales of the abrasive industry at levels far in excess
of those in prewar levels.
To participate aggressively in the greatly
expanded
markets, company feels justified in expanding both its
726
$6,991,886
$250,000
540,646
27,137
>
179,859
.
etc.—;
gross
lor
Reserve
3%%
Common
•
income
:360
409,007
'
income—
inc.—net
operat.
Non-operating
.c.
public, shows 1946 net
made to the
1,889,361
1,683,554 :> 1,612,907
135,437
1141,434
—
Net
v
for 28 years Manager
been appointed manager
product,
its
1947—12 Mos.—1946
1947—Month—1946
•
inc.)
Fed.
/-'//"•
$1,309,506 $16,384,732 $15,403,109
$1,391,715
555,410
7,609,627
6,646,584
586,468?
than
(other
taxes
Total
$5,699,000
.•
Co.—Earnings-
Porges,
A.
The move means
of
<
expenses
,
Employees' Federal income taxes withheld
Reserve
165,003
$7,719,299
LIABILITIES—
Notes
payable, banks
Accounts payable, trade and sundry
1
'
revenues
Operating
Carborundum Co.
Annual Report — Nets $5.04 a
Share in 1946—The company in the first formal report
-
...
Provision
250,296
2,165,717
v-'-
y
"V;
63,261
; t
'
^
Columbia, has
tion
1,292,529
244,821
341
337,971
at cost
' "
-
Operating
.
1946
1947 .
$5,407,000
1447.
p.
tries.—V. 464,, p;'3410.
176,152
131,244
a,mn,4Q3
180,429
-.'.v4 -'"
.■>
726,369
30,883
35,016
charges
accounts,
•
Provision
SHEET
835,839
reserves
secured
*
1947 '•
of the foreign department
of the new Division.
The foreign
operation will be coordinated with present activities
at
Hollywood,
Calif., utilizing already established repertoire, sales, advertising and other departments, Mr. Wallichs said, l :
31, '46 June 30, '46
$1,988,665
$710,466
less
accounts,
accounts,
—*
President^
-
Dec.
current
Sundry investments (less reserves).
Total land, timber and timber rights, etc
Total property, plant and equipment, net—£.—
Accrued
$147,251
..
and
Sundry accounts receivable
Trucks, etc., held for resale,
/
/:;• 41,501
$1.13
164,
1312./.;^;-//'.v;'■/'
165, p.
Period End. Feb. 28—
.
.
19*46 ;
$6,172,000 $5,725,000
earnings
Sandor
Inventories•
Total
,
♦$0.03 ;<
$1.73
hand——
on
and
notes
notes
40,024
$3,413
'-'t'.,
•'
banks
in
Customers'
!v~
•
of
COMPARATIVE
Land
36,218
$188,752
$36,611
>
'
.
-
.
securities against
of
plan
Its owners."—V.
Capitol Records, Inc.—Adds International Division—
y Plans
for expansion
of ? this corporation into the international
recording and record distribution business were disclosed in an an¬
nouncement on
March 6 from Glenn E. Walliclis, Executive Vice-
:
ASSETS—
Cash
684,000
54,500
$225,055
Earnings on common
Earned per share
,
—V.
*
$261,274
T
66,972
66,804
231,900
-prof/ taxes
.;
on
.
90,482
_
Traffic
^
<
Week Ended March 7—
$939,725
$157,916
$583,656
this
j
Central Maine Power
Week End'.March 14—
127,183
109,312'
f
Central of Georgia
reorganization, because it can see no reason why the
owners
of the property should be disenfranchised by voting trustees
/ In whose selection they have had no voice and because it believes
the security holders are entitled to more liberal distributions of cash
/and securities than are provided in the plan/
v.
"In view of the large amounts of bonds held by Alleghany and by
others who have indicated to us their attitude toward the plan, it is
apparent that the plan will be voted down. Having faith in the future
1 of the Central of Georgia, Alleghany is prepared to assist in the
development of a new plaa that will probably recognize the investment
>
that has been made in the property, and that will place control in
.
•
];t' Canadian Pacific Ry.—Earnings—
•
132,982
income
p. 980.
option.—V, ;162,
have
reorganization
given to all of the data you
the
with
connection
in
plan since It has reached the voting stage.-/ - ' •
:
"Alleghany Corp. will vote its Central of Georgia
payable
Canadian Oil Companies,
(E, L.). Bruce Co.^ Memphis, Tenii.—Earnings—
.
has been
consideration
"Careful
submitted
$2,184,411/
overdraftsr—secured,
and-
-
and accrued
deducting U. S.
accounts
Georgia
of
Central
-
doubtful»accounts,:$1,484,307;
for
I;*',']
Ry.—Alleghany Corp. to Vote
?•'?>A.■
The Alleghany; Corp. will vote the securities it; holds in the Central
against that railroad's proposed reorganization plan "because it can.
see no reason why the owners of the property should be disenfranchised
by voting trustees," it became known March 16. In a< letter to Merrill
P. Callaway, trustee of the Central, signed by Robert R. Young, Chair¬
man of Alleghany, it was stated:, * \
v'
j;V
011
inventories, $8,545,697;
portion of excess profits tax,
$1,889,1231-investment in jshqres of .other brewing companies, $844,116;
investment in a
subsidiary not. consolidated (Dominion Malting Co.
Ltd. X, $1,951,026; deferred charges,
$476,087; land, buildings, plant
an,d equipment (net),v $19,674,077; .sundry properties and Investments,
$712,989; premium paid '.on purchase of subsidiary companies* shares <
Jess amounts Written offt $3,713,414; total, $46,002,599. / '
4
reserve
Press
•
business editor of The
lelations for the above
corporation.—V. 165, p. 1185. /V;.,'..;_
1
.
has resigned as general
to become director of public
Chester
F.
Relations—'
Corp.—Director of Public
Carrier
142,468
146,296
hand and. in banks, $4,623,836; investments in
marketable securities: at dost, $1,742,820; accounts and bills receivable
ASSETS—Cash
less
"'■£'*
$2,889,160.
taxes
CONSOLIDATED, BALANCE.SHEET,
$742,692;
(net),
138,376
217,512
,1,354,800
amortization—____
income
Net prof its
.4
$0.67
.,
' '% '$}£ '
,
ASSETS-r-Cash
able
Federal
'•
134,987
—„—
deperc; and
John
Government securities
'
81,187
.
$3,467,662
107,599
'HicS' S .BALANCE SHEET, DEC. 31, 1946
-
for
Net
9,631
125,532
,■?,/?'
share,,
common
1
/ -:;r
___x_
for
Provision
$130,586
$268,858
^
dividends
dividends
Common
$3,386,475
$2,878,528
income
Provision
Net
—
of New City Mills, at Newton,
Fabrics Co. at Hickory, knitting
elastic-top anklets, and of Carolina Mills, Inc., Dillon, S. C.. which
manufactures plied cotton yarns, have voted to merge into a $2,000,000
corporation, to be known as Carolina Mills, Inc., with offices In
Hickory, J. W. Abernethey of Newton, who Is connected with several
textile plants, will be President.—V. 164, p. 2150.
».
8,503
255."
;
•
V
7,316
Laurin-
Manufacturing Co., now at
burg, manufacturing upholstery fabrics,
manufacturing canton flannels, of Knit
^
4
'*•
■
$334,139
$478,361
____
Depreciation
:""-1947'
of Abernethey
stockholders
The
-V 1948• •
$2,746,162
>132,366
3 Months Ended Jan.;3lM
Ratified—
.f\/'
,•
.
other
di l-
on
(cost—$14,267,065), $20,151,046, total, $20,941^07.
LIABILITIES—Payable on repurchases of capital stock, J27.302;
other
accounts payable and accrued expenses and.
o^-.'iR undlscapital stock ($1 par) $1,380,746; paid-in surplus. $13,813,->16, undisy M.'O '■
.li-a
''/r'bv.
?v\
market
quotations
1586
THE COMMERCIAL &
FINANCIAL CHRONICLE
tributed
income,
$37,500;
net
loss
sales
on
of
investments
(after
$527,001 net gains distributed in fiscal years in which net
gains
realized), Dr$232,207; unrealized appreciation on investments,
803,981; total, $20,941,807.
-
.
To
were
$5,-
'
•
,
policy, the announcement states, the exchange continues to be
opposed
to
the creation of
non-voting stocks. It has, however, become con—
vinced that other conditions
may exist in a given case which warrant
the listing of a
stock-despite the absence of voting rights, .y • " ^
The Exchange therefore has
modified its former rigid policy.- Under
its modified
policy the exchange will consider in each application for
the
listing of non-voting stocks the reasons
underlying the with¬
holding or restriction'of voting rights. The committee on
listing; will
investigate the proportionate investment represented by the
controlling
stock and its distribution
among the public. It will .likewise consider
v
directors
entirely
from
April
to
14
March
on
investment
declared
19
net
stockholders of
income,
record
a
quarterly
of
10
March
cents
dividend,
payable
share,
payable
per
31.
7""A-/ 7'
Payments in 1946 were as follows: April 15, 6
cents; July 15, 9 cents;
Oct. 15, 10 cents; and Dec.
28, 45 cents.—V. 164, p.
The
New
York
net
sufficient
Stock
income
of
to
Exchange
March
on
14
received
notice
bonds
'A7-
is
directed
become
thereon.—V.
void
165,
to
the
the
on
fact
due
first
of
interest
mortgage
4%
of
dates
was
■
and ;•<
York
ex-interest
dealt
in
tracts
4%
income
carry
no
Stock
on
"flat,"
made
the
attached
coupons
thereof
if
interest
no
coupons.—V.
Coleman Co.,
to
is
be
the
on
April 1,
due
1983,
payable
1947
1947';
directs
that
that
the
the
bonds
bonds,
shall
be
to
.""-V
Net
a
Profits
Net
*
-
165,
p.
before
profit
After
taxes
after
a
YEAR
of
and
landlord
established
Aeronautics
tem
mail
the
Board
at
that
which
time
would
of
of
excess
increased
of
will
20
the
asure
v
31,
15
be
sales
showed
per
Following
and
the
and
for
mile.
that
permanent
Explaining the award,
Mr.
19
pay is the establishment
Ottawa and Montreal to
the
are
percentage
have
this
Dividend
mail
rate
'
increase
stock
of
&
Electric
improvement
this
that
for
pay
should
Corp.
stock
Gas
in„b
such
interest).. plus; the
and deoosit^$98 273
ana. qepos t
redemntinn
1 ademption-
'
estimated
Ajpyo^'J.JOO,,
.;expens^$933,640^
^-the
m^cpnnectiott^thvthe sale Qt the Ibonds
will be obtained from short-term
.bank:loans, aggregating
$65,000,000, and from the-company; § general: cash.
/
it. is-.' contemplated that
suchf'Jj'ank loans will be repaid through the
issuance of 'subsequent series of first-and
refunding mortgage- bonds
in
..
..
of
excess
165,.p.
the
-
the
Civil
1846
year
;
be
in
the
retroactive
-
plus.A2
stock.
The
in
a
cash
\5*r;k,fv
share1
each
cover
common
now
is
paying
60-cent
a
Hckey said.
°1
"
statement on a dividend
improvement
pany's present earnings of $1.20 a
common
..
common stockholder
of United
poration's
plan to engage in
following its dissolution as a
who
he
of
yearly
1
said,
made
also
"
on
and
an
&
"a
old Insull
/
the
final
dollar
invested.,
$100
every
decree,
and
6%
properties,. Commonwealth
Power A
Light Corp.
this
the
week
general
ended
March
business
13,
conditions
1947,
to
NewTprk ^eam Corp. 1st
Westchester
™
'
25.91%.—V.. 165,-p.r 1452.
in Oct.
'•
the
1947
j
April,
nA
-
«...
Frederick
of
-
165,
p.
*
•,
cvn
SEC/f
used
.
hpSmI
v
J
mtg6;-bdhdsV3%#
1st mtge- 5s
Seri^'
1950—
—^
7,828,000
"
due '1967
25 000 000
has
/
11
,
Liehtintr Co
mte*
for
Co., .Philadelphia
&
/;V
1947.:
H
-v.."
Compo Shoe Machinery
Corp.—Earnings— 5
-
.
zw/c .aw)t>. j.y m----— ^ioOftOOO
a.vu ,vyv
FINANCING PLANS—The issuance of the bonds now offered
is^the
first step in a proposed plan of refunding the
company's outstanding
lon^-term debt and preferred stock.
Application has been made by the
.,
.
Proceeds. willV be
Peirce
semi-annual
1948.—V.
^
...
^
V company to the Public Service Commission of New York
for,, the ap> Proval by the Commission of $290,000,000 of first and
refunding mortgage bonds (of which the bonds offered are the first
series), to be isdividends of 12
cents each
sued by-the company in. riilunding its
presently outstanding callable
205^:,'>^:/v^:-^-VAA^A:- > ■ /^/long-term debt, aggregating
$304,240,000.
Company will deposit with
v.+.V10
the rochfloHvo•"
respective trustees, fnnHc fnr i.hc navmpnt of t.hrpp iRRVIGS of nOll-*
funds for the payment nf three issues
non-
underwriting.
;*
Calendar Years—
now
iwfestchesi<^
Yohkew^mZc&te lK^Pow^'c^
xpnuers j.iertric wgnt «
vo.,v
.
-iu
Foods CO., Phila.—Flies with
capital.
payment
and
i*-
bonds
New YorkrA
company on March 14 filed a letter of
notification with the
SEC for 25,000 shares
of class A common stock
(par 10c) to be offefed
at
$5
per
share
working
the
terest
;,
:of//:
amounted
-.
additional
of
The company, has also guaranteedr the payn-ient of
principal- and in*
on the following bonds and
debentures, of subSidiarr.companies:
-
energy of- subsidiaries
The
com¬
issuance
i ^
on
with;:
i
-
.
.the
...
.
**>
'.cent$
-
-
offered,-company will deposit with the Irustee^
under;, the, indenture Under which
thesA bonds "are issued
the-principal^ thereof; autf->interes& to then date.
238,362,eiavior/the^orrespphdin^w^
6f.61,760,718 or
increase
an
'*
.
•
par)—~_-r '. ^.eif.llO.shs.,. 11,476,527 rshs.
...
Pftrn m_Wpa1t1v[
show
for
.
t par : *tuu
with
.
On.i-nnt
LOrp.—yv eeKiy uutput—
^hour oubput of electric
adjusted to
/•'Commumty Frosted
■■
company
will
be
issue
'♦In. connection
^
CmiihArn
&OUinern
v
dividend,
investment
holding company, The
by common^^stockholders of United^
lit^ the
uumui... pja. stock
Cpmrnon stock (no
.
security
-
served
:
,
Previously,
public
corporation
m 1946,
by Randolph Phillips, a
fighting the United cor¬
Is
as.. an
mm
will1 deceive" 75
bondholders
160, p. 2293.
800,123,331:,ds compared
A:, ■//'
»
;
operating companies
guaranteed
higher
,
v
Texas,
territory
>
•
New- Amsterdam: Gas
Co., 1st consol. A ' ;
"*;>;«.
mtge. 5s; 1948-_-^-----^^:--l-^l- 20,000,000
^2,500,000' •
Nt yt Gas1 A; Elec. Lt., Heat A Pwr.
J-A>';;
-r.:.T;
Co.—Court;. Orders
companies have
its-$3
the
100,000.900^^
5;
v
,
^
Power
affiliate, Inland
fnmmnnwAnlth As
i/Ommonweaitn Sb
dividend,
on
•
directing the liquidation and the .drawing
up ;bf: a, filial decree, •
Judge Sullivan ordered three
Chicago banks to 'turn over 'a- tptal of;
Chicago
$387,202 to Central Hanover Bank A Trust
ank
Co;, New York; for'distiibution to 6%
bondholders.
The New Tork bank 4s
;.th.©i distributing '
agent for these investors.'
—V.
;
,
^
r-H *
,
'
two of the
without
based
was
share.
A-.-'\A'-vA
business
and
every
;
His
"If those
earnings are maintained,"
perhaps 80 cents, is anticipated." •'
Opposition to United's proposal was
Light
,
to-200,000 prefer¬
up
^
,
the
■;'i;;».!/:,V*■
>
—
In
Under
common
of
■
-
securities;and Exchange
exchange four shares of
tor
proposals
of
.
.
rwcelcly kil°watt
anticipated for the
Hickey,
President
M.
■■
,
mail
^
-
by Judge Philip L.
two
controlled
sas
,
,
1946:
^
.
pents' is
William
7
The
......
//I;.;.--,
s.
vi
'v t
^ V
-vK ^ v;
,/.( r, Tnpv f-/'. Conscl,..Edison Co. of New
1947
Yorfe,. Inc..,, - "Authorized *-»:> Oui-atanding
/0
:v-fr:A;1946/
01= noonnn
'-11,Ilia Hohc "finripc rfiio 1Q4S
It'" 1 a/L 011 non
'11 id
10-year 3»/2% debs./Seriesdde:i948^ Stf
215,083,000 jy';.184,931,000
v 16^
■
$60,000,000^; $60,000,000 A ^
_n J
r
,,zr/„.
215 ,379,000
ono
3Va %•- debs., Series H,i7i io8K
.is ono nan
186,664,000 v)'
due 1956
/ .15.4,^^ f Vf* :
35,000,000.^^:35,OOp-OGOi. ;, V :',
2181,483,000
&&%•: debs., Series du? 1958^" 30,000,000; f / 30,000,000
189.460,000 '. r
1&-3
'
1 - '
af.p
naoRt nhn
218
18,458,000 o
lst'^-«fc-j:ref:1.:;'mtge.:,;.(open-end. '.-mtge.).
^
- A bonds of.Series A, due; March 1, 1982
a452.A;;:J;A)';'v/';A;
Liquidation
,
totals vof^the:;paSt^fdur:";weekS'; A ->
output
with
.U_
Commonwealth
Liquidation— -•
of
80
Mr.
/a/ ::;;
callable bonds, of the
aggregate principal amount of $15,301,000 ma-.
turing in 1948. and 1949.
The principal amount of the long-term debt
to be redeemed cr
paid off at maturity aggregates $319,541,000 and
funds for-the
redemption or payment wi'.l be obtained from the is-
1946
Net profit after
charges and taxes____________ r
$387;757
yearly, meetihg Oh ; / Earnings
$235,510
vet
on *"99'954
conynpn
^ ^
Hickey testified that the proposed
The
balance sheet of the
exchange will reduce United's
corporation shows ; totals current
bLthe ^plin1 oF^ebfe;ire?.
holdings in Columbia below 10%.—V.
of $1,218,661 on
^ssets ,/ funding, company-will have
165, p. 1186.
?
Dec. 31, 1946,
.
outstanding $292,892,'000 of long-term-.debt,
■.>
/A
including $654,030 of cash .and U.-,S.- A
Treasury certificates. / Current liabilities
consisting of $290,000,000 first and refunding
amounted
mortgage bonds and
to
Columbia Pictures Corp.
$676,267.— ^ $2,892,000 of
V. 164, p. 3412.
(& Subs.)—Earnings—
non-callable bonds (as of Feb. 28,
1947) which mature
/_
"
"
in 1995.
26 Weeks Ended—
"
aea—
.A'
'
i
,and;'1997;.:A/)A'A'-:'- r; - AAA
A
"i
1
1
voted on
Mr.
'
<
sharesthe^compahjps?geherafcash^
,
.)/■
Dec. 28,'46
,
.;
Operating profits
its
Federal
;
;
:
v
nnrnrly^
955,000
—V.
1
•
.
,
ot\
common
Earned
A
.
'
$1,560,000
snares
$1,295,000
622,782
.595,447
$2.52
$1.92
,
share__»„.„
per
165,
outstanamgJ-^.^-«.-,7._-.»^„i.«;
1186.
p.
the
recent
corporation
This
299
total of
a
number
increase
an
opening
has
now
Canada, for
of
marks
230
of
a
such
radios,
drain
all-time
an
over
the
1068.
U.
office
the
high
wartime
in
for
low
Sumter,
United
the
S.
States
,'.;/ /-:/'
■
each
These
being offered
seven
rights
Net
in
of
/7/A..;,:-;.
corporation
common
and
of
The
formation
of
forms
for
this
in
punched
trative,
sales, service and eneineerinau—•
g
director of research and
Mr.
...
Stephens
_
Little,
the issuance
of
poses
and
for
the
national
distribution
of
and
of
to
in
mAneffiA«
Mr
Apm,t™ir
capacities. Mr. Armstrong was
a
Vice-President when they
paper
provide
following
this
corporaUon,
the
regular
inked
for
located at
ribbons,
national
respect
months ago.
rpPor to
of the
Curb
re
unduly
1956to
as
the
first
securities
in
and
their
,
^
next
provide
finance
The
years.
ferred
Is
$5
Under
company s
refunded.
authorized. to
is
stock
presently
will
or
be
contemplated
^old
been
the
either
on
competitive
exchange for the $5
underwritten
determined
prevailing
that
bidding
or
cumulative
*to?k- °}' nf combination thereof, and the proceeds
a
t.he
tirement of the $5 eiimiiipfive nrpferreH Rf.nrk
cumulative
will
and
the, time ot
at
cumulative
new
applied
firemen!
wlil
money
it
voluntary
half
company's
1
J...
Lt
three
issuance,
*
about
the
the
been
company.
pre-
issued in
preferred
to the. re
-t.
preferred^stock
-i'
voting
rights.
it
bad
which
As
a
p"-
efftPv
Exchange
exenange
bepn
are
a
of
new
all
preferred stock for
presently
$8,000,000
the
pur¬
which
accrued
thp
Dolirv'
some
nniicv
nSn-vntiS?^
of
assets
v/
cash
:/A-
for
general
$12,601,526
$7,440,309.--
and
total
not
and
■
accrued
was
On
-
liabilities
'
7
,
-
■
-
10,
„
,
,,
,
®
®n
July
31,
The
1945,
company
tribution to
-
,
^as authorized. this
to
company
as
at
this
time.
BUSINESS—Company
Consolidated
Gas Co.
was
of New
subsequently changed to Consolidated
_
TT
determined
AND
1P84,
there
were
is engaged
consumers
of
in
gas
and
New
York
'
j
Queens Elec¬
A
'
'
i'\%f
*
tlje manufacture, transmission and disand electricity,-
which, through ownership of all
pany
organized in New
York, which name
Edison Co. of New York, Inc.
into the company two electric
merged
subsidiaries, Brooklyn Edison
Co., Inc.
tric Light A Power Co.
v/
<
current
•
■,
been
ORGANIZATION
cor¬
York Nov.
total
of
has
outstanding preferred
of -additional
purposes. /AAA -AaA ;A A:; am/
y;/:'-//av..-,/*
It
is
also
holding com-
a
or a substantial majority of the
y companies ahd a nonsupplies gas and electricity to certain of
ei
Consolidated Friicnn fn nf Yaw Vftrt-TnA-'
,
tmAann
;r
its subsidiaries, some electricity to Central..Hudson Gas and Electric
nnn
o
A
Inc.—$100,000- / Corp., and interchanges
UUU .tsonas
Awaraea ana
electricity with New York Power and Light
Sola—Company executed the 7 Corp., a subsidiary of Niagara Hudson Power
first step of a
Corp.
:
a
7-'
1,1 r i Ai
$290,000,000 bond reefundine nrogram : ' Tha company and its
public utility subsidiaries have been operated
March 18 hv PwarHin** at
ooiT
ir.„
for many
«inn nnn nnn
r
at competitive sale an issue ."i # carried on years on a unified basis. The gas operations have been
of,,;
under joint facilities
q>IUU,UUU,UUU- Iirst and
arrangements/the gas, manufacturing
refunding mortgage bonds/ series
plants, holder stations, pumping stations and
transfer mains of
due in 1982 to a syndicate of 78 underwriters
4jhe
headed I companies being operated as an interconnected system.
_In similar
manner, the electric generating facilities
& Co. The winning bid was 102.3199
have been operated as a unit for interest of
for the System
electric load, in accordance with
23/4%, representing a net interest
interchange qf>pov$er
cost "to
arrangements.
"
the
company of 2.648%. A bid of
'A'A/7-;//
7,, ' ,-77.7-,) 7A-,i-;
The
102.284 for 23/4s was
company
and
its subsidiaries
submitted hv Hal<;ev
supply/electric service in r the
At
T««T 77*
Boroughs of Manhattan, The
Bronx, and Brooklyn, and in the Borough
anoiner
}n behalf-Of
of Qtveens
excepting the Fifth Ward'i Rocks way
synaicate, the dltterence in bids
District), and in Westbeing 35.9 cents
Chester County
excepting the northeastern portions thereof; gas service
900
The i«;«:iie
in the Boroughs of Manhattan smd The Bronx, in the First and Third
aving received clearance from tho'
QTrr1' ^
+v,«,
Wards of the Borough of Queens, and in the more
e
populous 1 pa its of
the.SEC and the D,,Kii 7 Westchester County; and steam
Public
service in a part of the Borough of
-
unnty
>-
company.,
company
.
?'o
i
New York,
■
arding
A>
■
5y MorSan Staniey
.
5aiSly' Si?art & .Co- lnC->
Eer $1,000 bond,
modified
matter
future of
retirement
-•
New York,
Bowman-Bmmore°c^nn
listing under a
adopted «y the
by
near
a
7?
accounts.1
efeSn S SLSS
adoption of this
modification
Exchange to refuse to list
stock?
restricted
i,_
the
will
to
/.
c/2.27^,
approval
formerly known
represents
shares
needed
refinancing
debt has
the new cumulative preferred stock has net
depend on market and economic conditions
>,
for
*
i
,
these
payments
■
A-/;/:'r_
"not. contemplate
issue
2,200,000 shares, of cumulative
preferred stock./The issusnce/of such
cumulative preferred stock would he
subject' to the prior approval
of the Public
Service; Commission,- While the precise method o? refinancing the present $5 cumulative
preferred stock and of. issuing
.
Inc.—Listing Authorized—
non-voting
,...
for
and
do
new
share
one'
plans
preferred stock until the
certificate of" incorporation the
.
t0 the b0ard 0f
50 West 57th St.,
meeting of the board of
The addition to
governors
the Curb
Exchange list-of this common
holders of which have
not
voting rights for the
u"t2l Jan- 1with
of
agreements
-
$16,000,000
approximately
•
....
and
^ products
the
effecting
T.
was
fo?"theNiisung0of 4?9^oEoutstnanediSc
of
ratio' of
Net income of the
card
"™ctorTorf°AB P.nutUe, fnc!"16"8 h!"e j"? eleCted
slock
the
record 3 p.m.,. on .March
19, 1947.
on
April 3, 1947. The Hartfordappointed by the
company as Sub-
subscription
sale
in
company for the year 1946
amounted to $5,136,062,
compared with $4,189,620 a
year earlier and
$4,"410,114 in 1944
The
balance sheet of tho
company at Dec. 31,A1946 shows
Inc.7estabn7h7d Tn^SSB^n'Rochester"
of carbon
AaI®.^„s!121ilg,agei?by,for
Commodore Hotel,
its
,
recently resigned to form their
own
company.
Commercial
Forms
Corp.,
will
be
the
exclusive
Superfold Forms, Inc., which
distributor7for
has just
completed the equipment cf
a
plant at Mount
Vernon, N. Y., with new
machinery specially de¬
signed for the exclusive
production of continuous
In
printed forms.
adidtion, Messrs,
Armstrong and Stephens have
stantial interest in A.
acquired a sub
P.
^The corporation's offices"are
Rights
p.m.
subscribed.
the
approximately
Tel
w'iiYh/SirnUmCturers
from
3
been
is
accounting machines and
lorms-writlng typewriters, was
announced on March 20
by Glendon H A
Armstrong, President, and Roy
Stephens, Vice-President. Both Mr.'
SI
Current
cumulative
T>irtV.+«
c
Corp., N. Y.—Organized—
corporation
use
receive
stock
of
as
at
has
property expansion program
porate
continuous
Co.
to
proceeds
the
held
expire
agent
this
19
heating plants, etc., it was also due
in part to the
heavy
Commercial Credit personnel
by the Armed Services.—V
165,
VA':// ■
Commercial Forms
shares
will
Trust
shares
C.,
^
company is offering its common stockholders
rights, to purchase
164,018 additional shares of
common.stock (no par) "at $50
per share.
The additional shares
are
scription
and
7
pnnta.
curtailment
of/consumer
oil
on
in
A
: While
part of the wartime
elimination of production
;
branch
offices
318.
jp,
LOIUl CtlCllt Light & PoWCf.
y®»~StOCkholders
for
Commercial Credit
Corp.—Opens New Branch—
T to-Ht
The
Connecticut
With
""
^
rnntipnii/tnf
$2,250,000
—
,
•
2^.* It5
920,000
—
-Tof
-
Dec. 29,'45
$2,480,00(1
taxes
:
sonA?
■
<
Higher Common
.
,
to
corporation,
cumulative preference
ence shares.
/■
Columbia
—V.
March
April,; 1946/without any
AA-V-;
•' AV.
Corp./ on March Tft. predicted in;
Commission hearing on UniteH's
plan to
common
foi
$99,206,940,
« ■
,
of,
company,
/
.
A Power Co.
substantially/.-;
awarded.Ar'^A,^,^'^^;-,
is
"included
United
Columbia
r
-T-
194,541,000 200,593,200
fn,.
The "balance, required
xue• uauuiw.
<
exclusive
.lessqr,-;V. I€f3,
^,,«*&%,, y;.,—vizs,
£'
•
...
:/
ove:
kilowatt-hour
comparisons
J.
-
..
.
of
operating since
165, p. 1186.
Gas
,-v-:
,
v;v 'tV
company a temporary sys- A'
estimated that this action of •
said,
Predicted—
AA dividend
on
the hoteL properties,
the-working out; of an vay^
the■'working'out;
aycontinuity of harmonious relations
•' -.
Feb.
/,
,
announced
figure
system
been
Columbia
,
electric
8____—
Mar.
a
temporary rate on the routes from
Washington. We have never,- since the in¬
auguration of these routes, been
paid any mail pay and this action of A
the Board is
simply the setting of a temporary mail rate on
routes
we
56,650,000
/ 4,367,200
•//:,/
.
--.—j
-
unon
upon
7
Week Ended-
the
He
Janas
mail
compensation."—V.
.
1st A
^greei^nt^t^:.resp^)tq^^,/'T
lease
■
$4.15;/
.
retroactive
•"
which
-
-
the
to»other
16.3%
a
*
1946
shares.,
March
on
Colonial
$400,000
when
•
not
Mar.
DEC.
.
established
cents
give
,
.
:•'
excluding
provision of $299,694 for contingencies.—-V,
165, '
has
A Power Co.,
,pfit7.5^ 1945,/iiuorder',
an
the
insisted
"'1,744,412
President,
Board
rate
■
v
Commonwealth- Edison
Co.—Weekly Output—r/
Airlines, Inc*r—Mail Rate Established—
Jana3,
't;
& Queens Electric Light
tb
^
dated
precedent to
modification
1155
adjustments-,^—:■ 3,511,291
common
;
Colonial
New York
1
pursuant.
reorganization
conditions
Electricity output of
*
ENDED
etc
40,000
a
.
-
„»:_-_„_l-"$17,151,781..",.'
Si) special
on
deducting
Sigmund
in
FOR
taxes,
share
per
in
ln
-
Inc.^—Earnings—
1068.'
p.
•
the
y
T
delivery in settlement of Exchange con¬
1, 1947, the1 bonds in temporary form
1312..
v
~".;-
sales
Earned
S
31,500,000
.
be
April
EARNINGS
;
these
qf>iplv
solely
between the directors und officers
of the lessee and'the
;
quoted
continue
dat9
VPcfPfi
vested
be
was
plan
of
one
The
The
and
plan
Corp.
the .extension
the
on
;/7
55,000,0°° -..56,375,000
E, due April l, 1966---—------>.-1
30,000,000
Brooklyn Edison Co., Inc., Consol. Mtge. Bonds:
3 Va% Series of 1936, due
May 15, 1966—
55,000,000
3% Serie^ due 1968, due Nov. 15, 1968-1—-—:V' >
4,240,000
£;».*;•,W *•£•«7
..>
meet
hp
nnfl
cease
This voting
D
made
bonds,
1,
rPfl—
1
V
-
to
m
Hotels
Louisville ,Ry.—Interest— 77
will
Exchange
April
and
beginning
1965--—if
'h 'Series
.
afte8r_that
'
k
®,
^
.:•>>
■
,-v
tn
-
series A,
and on the
mortgage 4y2% income bonds, series A, due
2023, on,surrender
of the coupon due
April 1, 1947, at the Chase National Bank of the
City of New York, New York, N. Y.
'
'
New
3lk
^
rangement
&
4%
second
The
''
.
A
V;
Chicago, Indianapolis
•Payment
that
V-..V
1312.
p.
*
.
company
for the calendar year 1946
against any of the contingent charges
interest will be paid on Apri
1
•
Attention
Principal Redemption A
Amount,•
Price -"i
.
accordingly, no
1947, on the
general mortgage income bonds
(convertible), due 1997.
;
The Exchange
directs that the bonds shall continue to be dealt
In "flat," and to be a
delivery in settlement of Exchange contracts
made beginning April
1, 1947, must carry the current arid subsequent
coupons
'
exchange
that
this
apply
that,
:•/
,-v
Y. Edison Co., 1st Lien A Ref; Mtge. Bonds:$
-3 Va 1 Series D, dlie Oct",
1,
Consolidating Mortgage Bonds; ^: v*
whether or not a predecessor
issue has been dealt" in on 'a securities
3 V2 % Series of 1935, due Nov.
1, 1965—-—.. • 25,000,000
together with such other factors as
26,000,000
may/yarrant listing
'
3 V4 % Series due 1968, due May 1, 1968—--t-v 1.0,000,000
despite limitations 'on. voting rights, the announcement
/,10,400,000
states//-.777'Vvh• fa-** «
The Commodore
v,1:7
Hotel, Inc. common shares' listed on March 20,
tna oao-nnn
~ * '
Total
"
"
'
'
.170 oao nnn ms nnn
ooo
have limitations on
-^---"--7----' 179,240,000
-.185,292,200
voting rights similar to a 10-year^voting trust.
and to the deoosit with the respective trustees
deposit
^
•../•/.;.•/ .*
sole and exclusive right to vote for
trifc" election of directors -is 7" / the
prin. and int. to maturity of the
the follow-;"
m j
.j
oUtstanding shares of $5 par -Value, class A 'stock until
'
ing non-callable mtge. bonds of the company:
Qn and
2955.;/ 7//r.'7;7!
the
'
'•
N.
,
Chicago & Eastern Illinois RR.—Exchange
Ruling-- >\
»ot
,V
•■
,
Pay 10-Cent Dividend—
The
Monday, March 24,1947
or, in aggregate
Wa?A heavily
>/
DntpH
1
St
panv"e?ther
and
1
,n
in
«
.
.
iJ St
March
nrS?'n 7
w
whole
according; to
V-AaI-.A-','7--
1
u
t
.
.
'
the
thT follo^n^morteicV'Snrt Wlli
ioiiowing mortgage bonds
of
under,•
ELECTRIC OPERATIONS—The
requirements for electricity of the
A•A.^-AV-./System are supplied from its generating stations
supplemented by an
interchange of electricity with New York Power and
Light Corp , a
March l
"'7:subsidiary of Niagara Hudson Power Corp.
°P,dQn of- the com-.,,; -The generating facilities of the System
Prior to maturity on at
crating capacity of
,
,
7
proceeds to the
a*™unt of
the
,
'A:;a7/,'A-7
7
Interest .payable
1, 1982.
em2 e at
&Dy
days'
nS,
"7
i°0,?00 principal
nnn
;.,
iQjr.
notice
LLTT '
least 30
$35
reofferedlhe same" day "and : MahhaSn!'
was
Oversubscribed
writers.
.
.
tr01?,
Servi£e Commission
'
.
-v
V-
'
:
-
/
^
approximately
''A/ .7
■
have'-an
2.521,000
•":7V/77,
aggregate net genkilowatts and additional
.■.electric energy is made available for
the System through a 132,000 volt
interconnection of 266,000 kva capacity with New "York Power ana
Light Corp. - 7;. ...
•.;/
/- ■
:
company from the saie Of the
$100,- 7
bonds, aggregating $102,319,900, ex-•
fh aPpl'sd to ,the cost of .redeeming
the
company;.; A -
,
t
.,i7
GAS
pany
OPERATIONS—The
and of
the
gas
Westchester
manufacturing
company
(the
facilities
only
of-the
subsidiary
com-
supplying
{
V:1' <,'\V
<
*0
'
7Ar
Number 4579
yolume 165
THE COMMERCIAL & FINANCIAL CHRONICLE
and whose gas manufacturing plant is used primarily as a stand¬
by plant) have an .aggregate maximum one-day gas manufacturing'
capacity of 278,000 mcf.
'v."
''//>/'
■
during the past five years the maximum one-day and the average
day of the maximum! three-consecutive-days send-out of gas bv the
System occurred in 1947, and amounted to 247,273 met. and 231 040
mcf., respectively, including 4,692 mcf., and 4,007 mcf., respectively '
sent to* Brooklyn Union Gas Co. during these periods.
These amounts
likewise represent the all-time maximum send-outs for the System •
The gas supplied by the System meets the requiremnts of public au¬
thorities of 537 British thermal units per cubic foot monthly average.
gas^
the
OPERATIONS—The Steam
STEAM
corporation
generates
certain
sold and used by it at its steam generating plants
(he steam
have a net capacity of 4,125,000 lbs.
of steam per hour.
Sales
the
several
names
amounts
/,//•;/
,
the
Of
purchased
several
by
Ball, Burge ft Kraus
Bl^ir & Co., Ine._
out" that
metropolitan
points
the
temperatures
average
area
the
were
during
warmest
in
than
Total
to- be
was
expected
and
resulted
of nearly $1,300,000.
in
M
Loeb,
Co.
/;/&
Co.
M.
Mavks
of
revenue
.
Other
;
;
Co.
were
made.•/;-i.i.;
At
;
the dnd
of
•
STATEMENT
'
.;' :■'
- T
T
FOR CALENDAR
/%
*
• -
of
electricity
300,000
H.: P. Boynton ft Co.,
./Inc.,;
Bramhall, Barbour ft
Co., Inc
Cf
Other
2,649,963
Other
200,000
750,000
Clark, Dodge ft Co.l,
Coffin & Burr, Inc
Curtiss, House & Co.___
Dillon, Read ft Co. Inc.
1,675,000
Newhard, Cook & Co.__
Paine, Webber, Jackson
Folger,
Nolan
3,345,000
1,000,000
3,345,000
____
Corp.
&
Riter
E.
Co.
Inc.
Hornblower &
,
We«ks__
:
Keari, Taylor, ft Co
Kidder, Peabody & Co.
Kirkpa trick-Pet tis Co._
!Kuhn, Loeb & Co.__i.-_-
Lee
Freres
&
Higginson
curivies
Earned
Note: Estimated
i,
in
300,000
&
;
v
--
f 200,006
Corp-
f
Co.—
..
'
1
'
facilities
-
electric
be:
36,373,973
4,280,705
25,468,834
.*
"
r
29.108,933
38,681,802
18,500,000
13,500,000
44,098,943
/
income
from
subs.
and
$2,343,125
46,245,421
2,954,966
$2,468,396)
distribution
during
facilities
Other
and
on
income
,
compared with $54,004,932
$36,202,542, compared with
"
in
■
•
$30,726,621 for 1945,
Federal
of
tax
income
emergency
'
"
Cr334,379
a
_.*
«
.
a
for 1945.
The
$30,949,625 for
.
Cash
additional
pushed
as
units/'.;
.
Gas
capacity,< a probability which-had been foreseen during /
period, and orders for addSUonal generating equipment were /
-as /soon
rapidly;
/"
sales
.
in
manufacturers
as
as
.
1946
possible
...;
r
were
could
Materials
and
Other, ciirrent
Real
estate
taxes
arid
rents
Unamort,
debjt
disc.
Other
2,529,348
5,884,997
2,086.008
2,971,312
,
_--™___i.
Insurance
—
—_—~—
&
exp.,
less
prem—
Work
installation
'
' V, •
highest ever recorded by
on
the
1,840,726
31,000,000
21,799,343
of
products
-
(& Subs.)—Earnings—
*
•
-
;—___^
____—
1946
1945
$20,940,607 $16,719,10©
12,201,621
10,549,534
—
sold___________™___
the company,
Gross income from operation of radio station,;.
Total
Income
~ "
debits
$6,169,571
335,486
administrative,
for doubtful
and
general
307,589
$9,074,472
$6,477,161
5,920.650
_—
4,680,385
exps
accounts
86,770
34,201
$3,067,052
$1,762,574
_____
income
80,140/
/
$3,147,191
28,203
charges
Federal
;18,492
tax_
profits
excess
$1,790,777
2,65©
'
180,000
State income taxes—.
235,000
1,013,000
Net profit
Dividends on preferred
20,000
•
6,000
$1,808,700
Dividends
on
on
Earned
"""
—
$534,121
stock—_™_.
770;
91,940
prior preference stock-.
150.000
61;783
stock-——
393,793
175,010
$7.58
$1.74
common
share_™__™_.
per common
BALANCE
iriventories,
$4,318,237;
trade
:
accounts
30,
receivable
and
other
plant, and equipment
(after reserve
$1,623,418),
$2,346,658;
trade-marks,
formulae,
charges, $168,738; total, $9,683,401,
'■/%.,/.
property,
LIABILITIES—Trade
,
NOV.
SHEET,
investments
•
1946
(net),
assets,
$1,321,-
$189,196;
depreciation of
etc.,
$1; • deferred
for
;
,
//'
accounts
payable, payrolls, payroll and with¬
items, $1,802,181; dividend on com¬
mon stock, payable Jan. 17, 1947, $218,774;
accrued general taxes and
miscellaneous expenses, $24,706; Federal and state taxes on income,
est. (net), $157,090; $3 prior preference stock
(par $60), $3,000,000;
common
stock
(218,774 shares, no par), $1,516,038; capital surplus,
$197,749; earned surplus, $2,766,863; total, $9,683,401.—V. 162, p. 566.
v.
holding
taxes,
and
miscellaneous
20.948,921
Corning Glass Works—Amends Registration Statement
2,502,532
_
The company filed with the SEC March
19 an amendment to Its
registration statement covering 50,000 shares of cumulative preferred
stock, 3Va% series of 1947 <$100 par). The amendment gave the as¬
sociates in the underwriting group/headed by Harriman Ripley & Co.,
Inc; and Lazard Freres & Co.
Others in the underwriting group are:
6,001,086
988,792
3,121,086
/
440,150
1,451,544
862,894
work»in 'progress
deferred
2j201,557
46.324.244
1,585,888
Blyth ft Co., Inc., The First Boston Corp., Goldman, Sachs & Co., Kid¬
Barney ft Co.; Dominick
& Dominick, Estabrook & Co., and Tucker, Anthony & Co.
•
;
'
The company contemplates that the funds derived from the sale or
the preferred stock will be used for the construction of a new plant
at Muskogee, Okla., in the enlargement and improvement of its exist¬
ing manufacturing facilities and equipment, and for further advances
to;and investmentst in subsidiaries and affiliates. The important af¬
filiates
include
Owens-Corning Fiberglas Corp., Pittsburgh Corning
der, Peabody & Co., Lehman Brothers, Smith,
//,.%//-. '■/%•/-1
v
$1,356,101,046 $1,323,"687,070
'———-—
Total
LIABILITIES—
■
stk. 2,188,890 shs. no par)
stock (11,476,527" shs. no par) —
$199,995,714
229,530,540
197,54.0,000
/
125,000,000
93,513,000
Accrued payrolls
$199,995,714
392,095,820
198,151.000
125,000,00094,884,000
21,088,014
4,434,566
4,544,391
,
---—-
;
;
3,177,654
604,072
1
Customer
6,441,698
Dividend
2,736,113
1,688,481
deposits r_™_i-)
payable l-i_——_
Other current and accrued >liabilities—^^Cus. adv". for constr. & other def. creditsReserve vfor deprec of utility plants—
in 1uribs
Miscellaneous
and
reserves
1,688.368
damages
—-——
Minority interest in a subsidiary
Uhearried surplttS7/-special
com.r-
Earned.surplus^%-speciall^-_-j5^rjT;w._/
6,237,265
2,736,113
1,772,836
182,555,506
7,122,945
2.753,090
63,338
163,863,693
-
far
'
1.103.368
.
Reserve
"
7,122,945
2,395,230
367,470
Total
————
—
Cory Corp., Chicago^-To New Directors—
John I. Snyder, Jr., of Kuhn, Loeb & Co., New York, and Rudolph
E. Vogel, of Glore, Forgan ft Co., Chicago, have been elected directors
—V.
165, p. 1453.
Crompton
Backlog—
^
At,
SSi
u
$1,356,101,046 $1,323,687,070
■
/•
Knowles
■•//'
Loom
Works — Has
.
Record
still hard to get, although this
He added that there were
som/diHlcultleZin dealing with concerns in foreign countries beeauso
of the dollar exchange situation.
inrrpa-?*
has
89,801,828
V/:t
told by John P.
annual meeting, the stockholders were
President, that the backlog of orders from all parts of the
ftt the highest peak in the history of the company.
He said,
-
2.900,000
&
their
Tinsley
hrtwZr.r thlt
162,565,280
93,408,980
Corning Corp.—'V. 165, p. 1313.
Corp. and Dow
9.459.554.
13.131.353
28,318,177
,
the
a
ASSETS—Cash, $1,338,801;
nai
'
24.6^4,237
supplies
assetS___L_™
is being / / Earned surplus
\of hew generating /'
accept; them,
oko
5,308,288
910,862
2,194,643
4,381,764
53,001,076
36,24.1,668
23,906,350
indebt
(less/res.' $7$6,668/& $786,649)
$5 cumu. pref.
•
for
a
4,352,781
645,580
—
.
Acct./ reiCL:
•.
generating
placed
sales
Cbst
1945
.v
4,450,480
U. S. Treasury certificates of
decrease Of 5 %. j
need
no 1
Accounts: / " ."
physical property, including propheld for sale' or other disposition
Other investments, at cost or less
Securities deposited with the Industrial
v Commissioner, State of New York _,—
V Other fund accounts._i__—
:—-—
erty
de¬
%///''*>
a
oco
4,352,781
Fund
Investments and
T
/war
.
.
■
CONSOLIDATED
Other
was
indicated
28,490,000
$i,186,342,020 $1,174,495,158
•
,
the
.
the
Dividends
1946
.
_,
Capital stock expense
'
distributed in the areas served
toy the System /Companies Dec, 12, 1946, between 4:30 and 5:30 p. m.
;/
when 2,130,000 kilowatts went to customers. During the same period,
the System recorded a net
generated load of" 2,216,000 kilowatts.
•"The .report odntains ' the following statement:
"Operating capacity
of System electric
plants during the 1946' heavy load period was'
2,-521,000 kilowatts, only 305,000 kilowaitts or 14% above the generated
„
after the debentures have been converted.
The
uninterruptedly maintained since 1930..
to file early in April a registration statement
Exchange Commission relating to the proposed
Cook, Paint & Varnish Co,
SHEET, DEC. 31
ASSETS—
Utility plant
Common
'•
29,922,976
'//
1
24,983,000
purposes
CONSOLIDATED BALANCE
.
This
business
in
30,256
and,
facilities
8,765,431,885 kilowatt-hours,
Mortgage bonds (company)
aocording'to. th« report, an increase of 8% over; the previous year.
Debentures
(company)
Income »from the sale of electricity in 1946 amounted to $249,441,974,..
Sub. comp. mtg. bonds and debentures—
an
increase of 6%. The largest increase occurred in the residential
Accounts payable _——-—
—
classification in which, with a gain of only 2% in the number of
'■/Accrued taxes/f.
customers, there occurred an increase of 11% in kilowatt-hours and /' Accrued interest
kilowatts.
has been
'
those for the gas system..rose $531,678.5
/'Electric sales during 1946 amounted to
2,216,000
growth
1,120,000
35,247,099
amortization
1945.
for
;
income
in
.;•/
While maintenance costs, for the electric system went down $1,975,194,
of
expected
opening for an export department, 'headed by M. M.
headquarters in Chicago. The export business will be
world-wide basis, by contacting foreign markets directly
representatives residing in the various countries.—V. 165*
Interest
6,230,000
Estimated deduction for depreciation
Note:
,
peak
the
foreseen,
to continue its present dividend of $3.6©
the total amount of common stock which
on
12,453,041
123,000
CV144.472
income
Net
1947 /
'
electricity
be
now
company
annum
Years Ended Nov. 30—
Net
;
Edison System exceeded that of any previous year while
electricity delivered was only about 3%; less than in,/the war year 1943 when the System provided energy for two large/
aluminum plants. To meet the increased demand for service, the
report adds, Consolidated Edison System Companies launched an ex-i
tensive construction program on. which some $30,000,000 was spent
in 1946 and for which approximately $61,400,000 is budgeted for the s /
/current;year.r.,
^Operating expenses-were $129,686445 .for-1 the year compared with
$115,004,412. for 1945, an increase of 13%. Maintenance expenditures ">
$115;004,412.
of
of
convertible
Total
charged to construction
Minority interest in inc. of merged companies
sqlidated
revenues.
is now being considered.
sometime in 1948 into ap¬
stock
common
become
536.
Other
Interest
the'" amount' of
record amount
use
711,359/ ! 1,073,860
tax
,
in
debentures
the,financing
increased
Keenan, Vice-President and General Manager of Reld Murdoch,
of this corporation, and packers of Monarch Foods, has
through
charge
Federal
preceding year. The rate earned on the common stock was $2.20
a share in 1946,
Compared with $1,74 a share in 1945.
During 1946, the first full year of peacetime activity, the report
points nut, the volume of gas delivered to customers of the Con- )
A
existing
49,375,754
representing portion of certain
items charged to surplus equivalent to esti:provision for
Special
the
5%
the
outstanding
operated on
3,130,333
■
47,053,909
11,116,923
,
long-term debt
interest, amortization of debt discount
expense and' miscellaneous deductions-
Interest
s'
mailed copies
.
wftre. $29,207,954 compared with
can
as
per
rate
Provision
gas
the highest in the company's history.
Operating income for 1946, before spec.al charge
:
be
Selling,
•Gross income
for 1946 to stockholders. The report
notes that operating revenues for 1946 were $313,165,778,
was $51,704,255,
income in 1946 was
of
Horn, /with
dividends
.(includina
/
•
and
$43,500,000,
Annual Report—(Company on March 19
net
convertible
division
27,129,628
38,828,856
tax—estimated
income
Operating, income
of its annual report
ductions,
far
enable
J- R-
' 28,408,933'
—
Non-operating
$13,900,000, steam $2,- /
300,000./Other expenditures are put at $1,700,000.
It is estimated
that
the
contemplated
1^47
construction
couiu
be
done/for some
30% less cpst at prewar prices,' ; •
to
of
would
offering.—V, 165, p. 1313.
a
.
estimated
of
Forecasts
.
construction
Expenditures, for production
offering
company plans
with the Securities and
———
.
are
an
program.
,
,
Maintenance
budget for 1947 amounts to
$61,400,000, representing the present year's expenditures on construe- /
tion projects-currently totalling $143,000,000.
This will be the largest
annual construction expenditure /since 1931 and becomes necessary /
to
care
for
the
expanding requirements v of more customers, with /
higher requirements per customer, than ever be.ore.
During the war
nqw building activity was necessarily curtailed and this program re¬
flects that fact.
'
- ■
',
Companies'
shares
announced
4,005,007
make
raise part of the funds required for
*
1945
38,717,820
Pro¬
Consolidated Grocers Corp.—Opens Export Department
231,301,574 218,525,470
—
to
construction
The
34,180,000
'"'-
.^'1-
Construction
of
be raised call for an offering to common stockholders in
$16,677,100 of debentures, convertible into common stock. / An*.
debentures on the basis of $100 principal amount for
so.
$3.60
1
/1.:\i'
Financing
to
share
per
$1.74
(COMPANY
SEPARATELY)- FOR
CALENDAR YEARS
>-
expects
1947-1949
seven
that
18,362,443
30,709,000
Launch
$8,738,986
t
.
78,527,304
,
debentures
10,944,450 % will
$2.20
:
-Depreciation'
Taxes, other than Federal income
.
company
System
30,256
p.
-System Construction Budget for 1947 is $61,490,000—
The
30,949,625
-
J^4ciwi4.-:j^i^U--ir--^«w-.'.274;024,40I--259;18bJI48
Total,
Operating Expenses
118,718,835 104,514,364
on March 19 announced that System output of elec- >
(electricity generated and purchased)/for the week ended
March 16, 1947, amounting to 205,200,000 kwh., compared with lt'l,000,000 kwh. for the corresponding week of 1946, an increase of 13.3%.
Local distribution of electricity amounted to
193,900,000 kwh,, com¬
pared with 179,700,000 kwh-". for'the corresponding 'week; - of ;last' year.,,f
\ /
Cr334,379
36202,542
10244,450
Others-operating '••reyenhes>
__
191,147
■■
proximately l»/2 shares of common stock per $100 of debentures. '
William Schmidt, Jr., Chairman of the Board ,and President, stated
STATEMENT
Sales, of electricity
f: Soles-of gas -—
tricity
8.0%.
Crl44,472 :
1946
G. H. Walker ft Co.
* 750,000
Weeden ft Co., Inc.— • / 500,000
300,000
1,000,000 i White, Weld ft Co._:__
3,345,000
3,345,000 r,Whiting, .Weeks - ft
1,675,000 ///Stubbs/ 750,000 f
3,345,000 v, The Wisconsin Co—___ : 1.000,000
Dean Witter & Co—
1,000,000
Weekly Output • Higher—
each
The
6,270,000
,
Federal
of
'
257,000 °
18,362,443
Operating >Revenues:
145,841,700
offering of the
for
A
share —;
'
.
,
.
•
•
increase
provision
?
3,345,000
Corp.__
an
in
its
194.7 of
1:
Lehman Brothers !____
The
1,578,523
deduction for depreciation and,
-INCOME
858,044
161,462,884
162,565.280 .y.
84,256,475
..
$1,211,286,227 $1,181,476,33®
Company
of
capital
__i™_
amortization of emergency
1945,
1,353,386
and
of electricity, *gas and steam indicate that during the three-year period,
,1947-1949, the company may be required to spend as much as $50,000,000 in building new plant and in replacing existing facilities. •
The
expects to obtain approximately one-third of the
company
needed
funds from
operations, leaving the remainder to be raised
through the issuance of securities.
.Tentative plans for the initial
15,919,931
1,249,044
for federal income tax purposes
•
54,462
1,443,176
for. construction
credits
to Its stockholders to
/
-
300,000
Spencer Trask & Co._i_ fl,600,000
Tucker, Anthony & Co.
1,000,000
Union Securities Corp._
3,345,000
■
14,566,865
—.
common
liabilities
accrued
-
165, p. 1452.
gram—
409,024
dividends
per
and
2,736,113
37,219
Consolidated Gas Electric Light & Power Co. of Bal¬
3,345,000
i
American
Common
;
_
^
Swiss
■
,
Se-j.
Webster
Corp.
Sweney, 'Cartwright
«
1
500,000
3,345,000
Langlcy & Co.__
Lazard
/".Stone''' &
300,000
Laird, Bissell ft Meeds/
..
500,000
300,000
1,29Q,000
l,29d;000
W. E. Hutton & Co
/Preferred: dividends'
6,237,189
advances
/
323,151,0001
8,052,152
17,633,056
3,009,810
2,759,440
6,075,223
2,736,113
490,155
deferred
should
3,345i00Q
200,000
Stern Brothers ft Co—
reduction
tax
income
392,095,820,
11,280,889
24,819,069
3,033,480
v
Total '
54,413,956
/lJet:.ino9me
500,000
1,290,000
ft Company___
Smith, Barney ft Co.__
Smith, Moore & Co.__
300,000
?
426,724
52,130,979
Interest charged to construction «/fL/»f^iJ^iiMinority interest in income
3,345,000
'-31,000,000
Shields
229,530,540
322,540,000
;
deposits
current
$199,995,714
$199,995,714
Unearned. surplus—special
Earned surplus
—V,
54,004,932
;
—.
resulting
Federal
^
-
-
,
&
1,290,000
300,000
500,000
1,290,000
The Illinois Company—
Wv C.
ler
Chas. W. Scranton & Co.
ft Son
B. Billiard
J.
mated
1,290,000
Schoellkopf, Hutton
Pomeroy, Inc.
51,704,255
on long-term debt .__™___^—:
interest, amortization of debt • discount
expense and miscellaneous deductions—
Spec.'al charge representing portion of certain
items charged to surplus equivalent to esti-
500,000
'V
Sons
3,345,000
;
Harris, Hall & Co., Inc.
Hawley, Shepard & Co.
Haydsn, Miller ft Co.__
Hemphill, Noyes & Co._
Henry Herrman ft Co._
J.
ft
debt
timore— To
47,187,311
16,360,000
and
750,000
"V
2,785,573
Other
Co-_
Rollins
<
1,097,577
6,898,085
4,450,560
?
$1,211,286,227 $1,181,476,336
mm— w. M
Reserves
>
47,308,491
21,250,000
—
Interest
1,000,000
1,675,000
Inc.
•"
1,290,000
r
&
H.
Federal' income
tax—estimated
Gross indhme
;
1,290,000
Salomon'Bros, ft Hutz-
3,345,000
Hallgarten & Co
1_
Harriman Ripley & Co.
f
than
ipcome
Operating income
Non-operating income
/
/Putnam ft Co
100,000
750,000
Inc,____
Sachs
—
other
Federal
'
Pljelps, Fenn & Co.___
R. W. Pressprich ft Co.
,
* 'Mm
^ IM
payrolls
other
.
■i
300,000
v
& Curtis
1,290,000
1,675,000
First of Michigan Corp.
Goldman,
Taxes,
<
3,345,000
Dominick_
Boston
-
750,000
Eastman, Dillon & Co._
The First
300,000
Minseh, Monell & Co._
200,000
F. S. Moseley ft Co—_
1,675,000
Maynard H. Murch ft
COi ./300,000
•200,000
Drexel & Co.__________
Estabrook ft Co
Depreciation
The Milwaukee Co.____
— —.
payable
Customers
313,165,778 297,792,209
129,686,145 115,004,412
,i.—29,207,954
30,726,621
34,008,933
34,508,933
1
Maintenance
300,000
1,012,475
7,541,797
4,503,062
Dividend payable
Payable to a' subsidiary company
44,165,717
15,176,509'
13,941,770
revenues
expenses
1,290,000
;
W, *m
stock
Customers
/
$
'?
'
Accrued
.
300,000
Alex. Brown & Sons
ft
Operating
Fenner & Beane
cost____™i;__i™_i.„
Accrued taxes -;/_i.™™__™_^_____™
Accrued interest
1945
47,132,071
—
operating
YEARS
1946
$
*
Total
:
Pierce,
Merrill. Turben & Co._
___
Dominick
Co
17,976,515
•
249,441,974 235,664,410
—
____________
Sales of steam
500,000
&
21,326,397
>v
con¬
„y-.
■»
Accpunts
1
.
INCOME
:/" „•'
// Sales of ga§
1,000,000
Lynch,
assets
(including
at average
debits
Long-term'
1946; according to the
CONSOLIDATED
'■
,
McDonald
Merrill
materials),
current
Common
300,000
&
2,632,647
162,524,853
40,790,790
22,000,000
17,957,927
1,186,404,
25,741,540
19,949,953
/:'%V: W-..
$5 cumulative preferred stock
report, the company employed
X 28,1-94 persons compared with 25,967 persons at the beginning of the
year. During ^the year,
some 1,400 persons returned to the System
Companies from military and wartime leaves. In addition, a dumber
of new employes were hired. The total
payroll, including both active
-and inactive employes in 1946, amounted to $90,734,253.
;
'•
3,345,000
Sullivan
164,964,049
LIABILITIES—
on ah annual basis. Total rate reductions, both electric and
made'since: 1929,'are now estimated to amount to $51,525,400
year; based on one year of customers' use at the time the reductions
a
Masan-Hagan, Inc
—
supplies
Total
•"
.
Bosworth,
3,186,509
accounts
Prepayments
Deferred
gas,
1,000,000
Blyth ft Co., Inc
$903,407,116
3,186,509
__
fund
and
struction
to
1945
$912,679,904
expense
47,747,894
Materials
to
31
1046
,
certificates
25
$9,275,400
$500,000
—
SEPARATELY), DEC.
"
Sales
^
than
the; System Companies were $69,407,981. Local taxes
$31,447,540. State taxes were $9,138,924. Federal taxes
/ came
to
$28,791,517. A tax adjustment of $257,000 was made in
1946, bringing the total to $69,664,981, or 22.2% of the company's
/•revenue dollar. •/'>v>/•" 11 '•'%■'//
■:\
:
Electric rate reductions were made by System Companies in 1946
; which the report estimates will save customers a total of more than
as
&
(COMPANY
"■
U. S. Treasury
of indebtAccts. receiv., less reserve of $605,275™
Receivables from subsidiary companies,™
taxes-of
amounted
Rhoades
__—____
Laurence
SHEET
Investments and
the heating
more
loss
a
Operating Revenues:
Carl
200,000
in
; the company
which
////'%■
Morgan Stanley & Co- $3,350,000
Baker, Watts & Co
!_ ) 300,000
Baker, Weeks & Harden
•500,000
BALANCE
ASSETS— '/,/'
Daily average temperature during these months was 3.9 degrees
above normal. The report estimates that this variation in the weather
caused 6ustomers of the company to use
1,250,000,900 pounds less of
of
are
report
steam
Steam is also
respectively,
of
and
Cash
principal underwriters
them,
feet
sales
years.
from which 1,900,000 lbs. of steam per hour are avail¬
the Steam corporation has contracted for the Use
UNDERWRITERS-—The
cubic
gas
Utility plant
Capital stock
•
// OTHER OPERATIONS—The Subway company owns, maintains and
operates a system.,cf underground conduits for electrical conductors
in the Boroughs of Manhattan and The Bronx,
space
in which is
leased principally by the company.
The Subway company also con¬
structs subsidiary ducts or pipes, containing the connections from the
street mains into buildings.The principal revenues of the Subway
company, are derived ftom rentals paid by the company.
follows:
year, 47,539,800,000
of $47,132,071. Both
revenue
steam
of
season
i
and
the
During
total
a
above the 1945 figures.
The
steam generating facilities owned by non-affiliated interests to
provide approximately 2,400,000 lbs. of steam per hour, when required
of which approximately 1,150,000 lbs. of steam per hour were first
contracted for during the past five years. During the past five calendar
years, the peak hour send-out occurred on Jan. 25, 1945
and amounted
to 7,432,000 lbs. ..of steam,. ;
/.
^''/// ,/?/' vv:: ,//
[,*
out.
for
7 %
by the New York Steam Corp. amounted to 13,239,793,000 pounds,i a decrease of 11%, compared with 1945. Revenues
from the sale of steam, amounted to $13,941,770, a decrease of 8%.
-
In addition,
able.
of
points
sold
were
/revenues
supplied"!rom the Waterside and/East River electric generating plants
of the company,
report
gas-were
,
ti
/
1587
The
raw
materials were
imoroved
slightly
recently.
stockholders adopted a new
pension plan with a 15,* increase
r-.
'1,
Hi*
t
h'
.
1588
J» payment to cover all
as
formerly.
Olson
and
tirement
This
Oscar
'
THE COMMERCIAL & FINANCIAL
banks
works and not merely the non-salaried workers
affects
V.
t
employees.
Mr. Tinsley, Herbert G.
named to operate thd fund. The re¬
2,700
Payne were
The executive committee of Charles Stetson of Boston, Mr.- Tinsley,
Irving H. Verry and Mrs. Prances Knowles Warren of Boston was
enlarged by the addition of Frederic W. Howe, Jr. and Albert Palmer.
^V.
157/p. 439.
Dallas
■//";
Power
&
Light
Period End. Jan. 31—
Operating
Operating
Federal
Other
$927,454
359,815
291,929
3,999,755
118,314
1,582,005
102,858
96,513
1,150,072
78,817
78,014
938,453
920,865
$252,829
$227,097
$2,949,591
1,731
The
1,147,484
$2,069,836
-
revenues-
$811,867 $10,619,876
*
—!
income
352
■{
5,247
$253,181
$9,792,290
bonds
<X'
$232,344
$2,951,322
46,667
560,000
6,286
80,734
to
surp.
617,003
$139,698
$1,693,585
334,935
$1,573,184
378,048
$1,195,136
56,963
res.„
Balance
$142,586
applic.
stocks
pfd.
to
for
period
—V.
165,
for
Dan River
H"s
•
SEC—
•
Nashville, Tenn.—Files with
used
for
E.
P.
Gillespie
reduction
bank
of
Co.
&
Inc.,
loans;
New
York.
Proceeds
X- X'.X.X
;;
/X.
will
ance
in
1962,
purchased by
were
companies.
The
notes
a
/X
.■«
Provision
par)
with
notification
of
.:V
Gross
the
Public
of
FOR
Service
Co.—Amends
3
AND
12
MONTHS
ENDING
DEC.
;
$208,522
Hi
63,391
$175,263 -•
income
20,390
taxes
'46
„
,
21,503
.
5,578
.
deductions
$38,780
\11,030
-
Coast
Public Service Co._
Cr691
6,411
'
,..$24,379
■
>
Accounts
all
on
Delta
ofA other
Air
Lines
points
1S47, Paul W. Pate,
recently.- ; >;V'./X•
averaging
cents
66
airline's
air
system
and
cargo
will
and
pounds
$99,824;
manager,
$619,270;
?
,
Capital
X"
X/X
X::.v:
being reduced as a result of the rapid rise In air freight
volume carried
by Delta since the inauguration of flying freight last :!
August," Mr. Pate said.—V. 164, p. 3412.
'
'
••
J
Bonds— ■;
The
books
on
809.
p.
X'X;
shortly will authorize refunding of the $30,000,000
refunding mortgage 4% bonds, Prentiss M. Brown, Chair¬
in
of
the
not
heavy expansion program
yet
and
at
been
agreed
comprise
may
the
time.
The
/
down
at
Immediate
placed
at
told
line
mission,
the
the
by-laws
for
and
depend
the
entire
W.
of
the
State
the
•
the
SEC
issue
,
636,130
($20
par)
the
shares
and
will
in
of
ratio
from
of
its
The
distribution
will
be
made
the
to
the
the
on
May
been
quarterly cash dividend of 30
declared
holders of
record
for
the
on
March
common
28.—V.
stock,
165,
p.
cents
will
Steel
Net
held.
Due
profit after
Number
of
See
to
to
its
payable April
1946
^
H
/
for
1945
1 ;
823.748
Diana
than
taxes
(the
1945.—V.
on
1946
$2,502,141
164,
Stores Corp.
Dillon & Co.
p.
Income
amounted
provided
2956,
for
;
;
to
its
on
March
taxes
163,
Net
Oil
Co.
r;
of
Calif.,
the
11,500
to
Pacific
Los
i
shares
be
Co.
($25
offered
at
a
of
under
the
-
to
the
fiscal
^ng*term
year
1946,
J7 aPProved
A
the
the
borrowed
$7,000,000
from
/
;
and
3%
corporation
at
of
the
cash.
the
agreement
will
be
present
and
the
provide
afforded
Of
board
with
that
continued
policies.
past
Mutual
directors ol
Employers
the
The
all
policyholders
against
protection
agreement
•
.1945
■■•■V
1944
in
2V2%
close
of
1946
entire
$1,000,000
:
the
of
"Chronicle"
Nascon
N. Y.,
"Nascon
of
of
Net
of
!
:
as
prior
Earn,
Massillon,
gains
tax
Sales
a
sale
rate
both
;
per
share
on
1,252,800
585,950
1.350,000
2,377,350
3,347,200
4,812,000
2,266,873
175,000
607,666
/
Z
289,520
share
/
'1,216.080
—————
common
2,266,87$
2,377,350
dividends
dividends
$5.15
——
-
in
net
the
'/
of
real
sales
amount
of
strong
and
to one.
In
liquid
net
issue
of
and
-
financial
added
p.
shares
preferred
stock
was
first
Electric's
ever
to
.
March
The
An
•/-:'
into
A
and
;?.."i *1 ^
NOV.
hand,
on
30,
1946
iX
$13,587,751; U. S.
at
transit
stockholders
stock,
amendment
on
March
17
.
840,000
X
.
approved
a
two-for-one
;X
i
to
shares
the
of
par
••/-(
incorporation was authorized
value common :stdck
value.—V. 165, p. 336. /
.
.
certificate
$25
/
split of ***«
"/■'•?-
of
of $50 par
Farquhar
Co.,
.
York, Pa.—Securities'!Offered
A
banking syndicate headed by Stroud & Co.,.Inc.,*and
Sons, Inc., on March 19 offered $6O0;0OQ
4%% sinking fund debentures, due Jan. 1, 1962 (witti
'
E. H. Rollins &
a
range
Just
built-in
appearing
on
cooker
pressure
an¬
non-detachable warrants to subscribe for corhmpn stock)
at 101 and interest, and 56,800 shares of common stock
the
in-1
-
cooker,
($5 par)
is
The
17 declared
a
-miMtrterly ^i*id*hd
$2Sb,>«nd
the Regular
30 cents
quarterly
at $11.25 per share.
sinking fund
debentures
;
are
offered
with iron-detachable
entitling the holder of each $1,000 debenture to subscribe fo*
purchase 25 shares of common stock at any time prior to re¬
demption of the debentures to which they are attached, or prior'to
and
o'clock P. M.
(EST) on March 1,
1957, in the absence of sucli
redemption. The subscription price for common stock pursuant to th©
warrants is $15 per share to and
including March 1, 1952, and $16-50
per share thereafter to and including March
1, 1957. y
>:
' X
3
of
4%%
warrants
l'aAao:;C-'.'I'A-iaq-u-'
par
deposit
changing the 420,000 authorized shares
and
-
stock,
demand
'/,■ .■1 ■ ■1
is
E.—
company
with
the
y
SHEET,
•
new
have
1
the common
in
(A. B.)
agreement" between
this
made
public on March 17
-y
expenses,
common
'
1315.
■
BALANCE
,
position,
was
on
"■
•11
"
Split-Up Approved—
v/
order to further
strengthen
65,000
165,
j•' *
accounts payable (including payables for *ner~
of
$966,624, accrued wages of $1,602,129, and
including accrued taxes other than federal taxes on
income), $5,261,465; sundry creditors, $513,773; notes held by workers
under savings plan, $400,593; accrued federal income and excess profits
taxes, $4,750,000; Reserves, $12,020,878; 4%
series cumulative stock
(par $100), $7,238,000; common stock (par $50), $20,268,000;t earned
surplus, $11,179,740; total, $61,632,448.
i<
profits
$65 670 766
approximately-$1,500,000
•/" *'V'■
LIABILITIES—Trade
thereto.
and
,
deducting miscellaneous income of $144,353 and includes
representing non-recurring additional N. Y. State franchise
chandise
$1.39
estate
2,271,114
289,520
307,615
1,216,080-/1,216,080
■„
$4.S7
$3.34.
cost, $3,002,622; trade accounts
$400,000),
$10,889,099; sundry debtors,
$208,501; inventories, $22,897,138; prepaid taxes and insurance, etc.,
$463,866; other assets, $863,034; capital assets (after reserve for depreciation of $13,962,798), $9,720,435; goodwill, $1; total, $61,632,448.
$1 360 520
$3.53
1,663,448
in
after
accrued
on
G,
E.'s*
range.
Three other cookers of smaller
capacity are althe market.
All four are being made in the
Ekco company's
en
loss
Government short-term obligations,
receivable
(less
reserves
of
the
1945
.
Co.—$1,000,000 Contract With G.
plant.
;
reserves
/
ASSETS—Cash
with
-
applicable
standard
Ohio
years
$908,014,
;
1
,
rellects
the
on
Declares Dividends—
v
and
CONSOLIDATED
'
*$3,182,178
;;
1945.
General
the
7,046,374
*782,923
Crl9,857
193,286
—
from
to; profit
per
'Net
/
deluxe
on
declinei//«<.i.^L:;
transferred
Common
At-a-Glance
equipment.fixture, known as the Hi-Speed Calrod pressure
six-quart, capacity and will be standard eouipment
ready
1,238,000
surtaxes-.—
accounts—;
taxes—
.1,^'
Preferred
mar¬
The
of
4,164,050
368,770
(net)
8,472,016
doubtful
charged
Products, I.
/
1946
taxes_.__
time-record.
Co.
that
eluded
8,243,444
Cr233,905
profit
Amounts
.
which
notification
manufacturing
be
income
and
market*
for
tEX6S'
1
authorized
Electric
will
profit-
from
taxes
Prov.l for
.
outstanding.—v.
nouncement
9,459,656
operating
Prov.
current
debentures, due 1957
underwriting. Proceeds will be
for
working capital.—V. 165,
•/• "::.v •'
-'V ■!' ;
X
and
/;"/
capital
over
sheet
and
79,060,232
9,902,956
Deductions
subordinated
without
current ratio of 3.84
The
83,718,287
Normal
Total
York,
letter
President, stated that
all
23.41%
issued
102,093,259
Surplus
purchase
New
a
applying the Federal
an
105,888^545
Excess
profits
Provision for contingencies—^.^—
shown
the
filed
share
$387,878
The directors
company
2»/2%
-HH'//Hi:
trademark
liabilities
charges. and
market
a resolution permitting the
to retire present
12
unit
a
.
common
after
a
General
total 01 625 such shares
loan totaling $7,500,000
$25
Ekco Products
>
v
*
of
terms
under
sales
Net
1947, representing proceeds from the
15,000 shares preferred stock to a group of
investment institu¬
of
now
new
loaiis
Hudson-Mohawk
of
that
agreement
an
95,566,262
the
amount
company's financial position
working capital on Jan. <20,-
tions.
-
short-term
after
balance
showing
California. Cruttenden & Co., Hacific
Capital Corp.,
Brush, Slocumb & Co., San Francisco; and Adele
' .C1?a™ater. Proceeds will be used to purchase 493 shares
eomulnv°tnCl^iterS °£ M^rch
with
/
current
v-. v
Industries, IiiCj—Increase in Debt Voted—
approved
Cost
of
goods sold-..—86,307,534
Selling, gen. and admin, exps. (net)
11,337,567
p.. 1069.
announced
•
per
The
V
Angeles;
Dresser
cash,
at
....
:
increased
a letter of notification with the
par)
5%% cumulative convertible first
maximum of $26 a share. Underwriters
Ch^Inc'puta
19* announced
has
line
at
retire
Harry Edison,
conJ?a.nA °2 March 13 filed
for
preferred
treasury
loans
$976,528
165,
the
10-year
offered
to
represented
Clearwater, Calif.—Files
''//""/-/.•.
President
Jr.,
March
program
from
3133.
p.
'Includes
'
Secondary Offering — Eastman,;
18 effected a
secondary distribu¬
.
Patterson,
on
The
claims
Net
wage dividends to employees over the last 3V2
$75,000,000,000. It should have read $75,000,000.
has
Their
profit
sale
Douglas
^
Co.—Correction—
company on March
for $125,000 of
Earned
,
In
of
this
for
Edison Brothers Stores, Inc.—Earnings—
and
15,000 shares of common stock (par 50c) at
$6%
share with a dealer discount of 50 cents a
share."
The offering was
oversubscribed.—V, 165, p. 1453. ■
;
to the company.
accrue
Endicott Johnson Corp., (& Subs.)"
"
1946
Corp.—^Acquisition—
Calendar Years—.
per
with SEC—
$2,299,960
bank
from
including
error,
in
as
merchandise
1425.-
J
$1.08
$1,531,105,
Federal
,
'7%' A A/: ^
n,
Years Ended Nov. 30—
H
;
—
tion of
«♦
paid
165, p.! 1454. '
securities
-3"««
Kodak
corporation
be
p.
723 748
i
$2.87
Federal
less
renegotiation in
of
assets
The
to
,
will result
for capital improve¬
extensive program
an
Ebaloy, Inc., Rockford, III.—Files with SEC—
to
$19,460,582 $22,155,087
2,361,377
889,769
charges and taxes_«i.T^_w^i-h
shares-_.J,„^__-'__„-^:
/ $1.41
;
that
year
requires
the consent of Superintendent of Insurance Robert E. Dineen. This
approval has been given tentatively pending completion of the neces¬
sary legal steps.
,
includes books for appointments,
memoranda,
telephone numbers, addresses, dates, autographs and household
budgets
—V.
has
15
proceeds will
no
Hudson-Mohawk
the
all
<*320,000
ye&rst^-'^'^^ry
$2,647,381.—V.
given
Products."
used
share
per
$971,036
»re
five
$5,817,544,
as
was
V.
kets
,z
to holders of record
share which
end of the
high fe*el.''H-
a
Company whereby the latter will take over the assets, assume
liabilities
and
reinsure
all'existing policies of the Hudson-
the
of
/ 452,836
$4.08
H.
Hudson-Mohawk
Mohawk.
•;/■//
Inc., manufacturers of specialty books,
./
be
to
at
was
The offering is being made on behalf of certain
Edward
all
: /.*.'
Curley, Chairman of; the
observes, in connection with
of
provided
was
obtained
of
printing
a
17
The
/
com¬
account
shares
at the
progress
1947
compared to $580,756 in 1945.—Y. 164, p.- 2152.
Casualty Cd„
the
M.
corporation,
expenditures
part
Eaton Paper
•Vi'.r
common
Provision
am.
the
current
to
were
to
March
decades
stock,
The
stock
Corp.—Earnings-
sales
Net
SEC
of
John
plant facilities:
capital
term
a
Eastman
up
company
dividend
the
per
be
^"
plant and equipment, resulting in the
stockholders,
$1,500 000
amounted
1314.
Calendar Years—
or.
of
Consolidated
r
SEC
Detroit
Earned
to
1948
Wis.—To Acquire Hudson-Mohawk—
of
1,306,196
of
close
Employers Mutual Liability Insurance Co. of Wausau„
e
$544,239;
securities
the
the company expwided $1,199,392
—V. 164, p. 1207.
- -;i946:'':vvVv 1945r'./v..
$22,960,151 $20,388,348
—
additions
to
year,
of
interest
K1'.--''' X".XX''X''! XX
1,
:!•> ".-H,/)
■--XX!., /:-Xv
usual
of
Corp^Earnirig^
corporation almost completed
and
total
the
(/::
common
10
of
■
surplus,
value
•.
President
the
balance
present
board
/.
capital
value
and
/ during
SEC-~-;X;XX.7 X
of
for each
surplus
$12,722,600, representing
X v. /V:
X
April 9.
under
of
XXX'X
proposal
share
one
earned
stock
The
also
the
X..X.
.issued,
V
approved
Earned
book
320.000
the
expansion
"Of
to
of
the
transfer
sum
17
" /'t;
to
Directors
••
net
share
report
Com¬
recommend
its, authorized but unissued
distribute such shares as a stock
to
holders
common
pany
March
on
Exchange
referendum
one-third
•.
10% Stock Distribution Authorized by
The
this
has
a
year,
in
in
1946,
stockholders and
■
1946
his
board
divi¬
to
$30,000;
of
shares
per
Labilities
and
propose
next
with
In
"/
Securities
./X--/"
{
/
be
approval
books, at
•
directors
stock
company's
$1.31
;■
$23,000,000.
o\<er
work
of
share.
lf 1934 over carrying value of such securities
company, $326,064;
Total,- $3,065,818.—V.
165,
parent
construction
a
of
10%
taxes.
125,000. shares ($1 .par) common stock was offered March
by Van Alstyne, Noel & Co. and associates at $8.75 per
doubling of productive capacity to 25,b00 tons of stainless steel sheets
year.
Actual shipments for the year amounted to 20,095
tons,
compared with 10,151 tons in 1945.
/'
.
Commission
annually.
terms
•
intention
after
directors
w.
-
President.
is
rate
meeting
directors
year.:.
It
such
$1),
Excess
328,079
$1.15
21
per
step.
construction were
for
Xv <v:; Vof
Co,
three-year
every
Parker,
that
which
annual
board
for
serve
Edison
he
warrant
company
present
and -for
the
flexible,
the
of
new
securities,
stock, or bonds
market conditions
.//•;
stated, and can
(par
profit after all charges and taxesr_iU___-I
During
;
the
on
of
Common
common
conditions
X:X"';
for
reelection
James
at
is
of
recommendations
Detroit
stockholders
elect
by
•••
with
also
stockholders
planned,
obtained.
In
and
will
should
needs
money
dividends
now
been
time
$10,000,000
continue
dend
stated,
bonds
Much
program
any
new
Brown
to
debentures.
of
stock
$496,535;
:
Empiire Millwork^ Corp.—Stock -Offered—An ^ issue ol
cost,'
'-//'..v
Earned
Definite terms have
way,
.-i.
construction
slowed
Mr.-Brown
on,
combination
a
convertible
under
now
Total,
on' the
orders
to
shipments
ments as
,7,229
average
prior years'
years
01
of
accompanying letter to stockholders.
volume
of March
as
Calendar Years—?**H
Sales
Net
man, told
stockholders, at the annual meeting In New York March 18.
As
part of
the refinancing the
company
also may Issue up to
830,000,000 additional new securities to finance a considerable part
supplies—at
$3,065,818..
.
th«
V/vGrant B. Shipley, Chair¬
man
reported a net loss from operations in 1946 of $682,289, "due
to the strike, increased wage level, and the necessity /for completing
contracts booked in prior periods at frozen price levels."
Mr. Shipley
continued;
"Although-shipments were at a low-level in 1946,- the
,$28,441.;. * $110,578
and
■
.
to
1946
328,079
.r——
—.—.
adjustment
an
Mutual
•!-!;
directors
general and
$4,573;
Eastern Stainless Steel
Co.~-Directors Approve Refunding of
X/XXV'Xx." X:.X.X*. \XX/X/XXxXXXX^^
Capital
surplus,
subsidiaries
r-v/X.,
Edison
Prepayments,
Material
share
per
Unfilled
LIABILITIES—Long term debt, $861,223; Total current and accrued
liabilities, $285,680; Total deferred credits, $2,807; * Total reserves,
majority
April 10,
announced
"Rates are
Detroit
$38,580;
shares—^—.
common
•
a
effective
be
mail-traffic
100
per
flight", between all Delta cities
the
on
rates
receivable,
.
$22,243,658 $11,690,345
9,874,046
20,985.700
*477,711530,133
and taxes^—„_./—
profit after charges
During
surplus;,j--.-----
„
delivered
1947
1,,
—
of
In
40,083
■
_
be
1947.—V. 158, p. 1033.
May 26,
on
.
must
accepted
!
amounted
$152,272
34,465
—
p.m.
Net
76,916
,1,254X
•
$39,847-- *
9,057
..
St.,
the principal
not to exceed
prices
at
are
booked
Earned
for Federal income taxes
East
2:30
No.
$37,326 X $142,488"
;
$37,219
.—2,628
—
tenders
Shipments
ik:- 11,731 /-?■
58,244
r;r/l,706X- t 32,751
,'15,787
„
Main
»
which
♦After
^After
inc. taxes of sub.
284
Elliott Co.—Earnings—
198,702
43,737
7,525
trustee,
Co.,
Calendar Years—
Orders
.
9,155
$14,317,
of
sum
for
before
trustee
222,785
\
46,736
Trust
.
$775,326
48,533
T
the
thereof.
Bonds
v
Dec. 31,
;
of Buffalo, N. Y.—Tenders—
Traders
&
will until 2:30 p.m. on May 15, 1947, receive bids for
first mortgage 5% gold bonds to an amount sufficient
Y„
exhaust
to
12 Mos End.
57,000
:-pV,v
than
1945
31
N.
sale to it of
amount
-
air, freight
on
Manufacturers
Buffalo
the
V-t\:
In
J
'
company
Ellicott Square Co.
xXX;
Plan—
,
reduction
-
-
Bids for the purchase of 50,000 shares of
preferred stock, cumulative
;JCONSOUDATED/BALANCE ;:SHEErT/I)EC^31,;Vl?46H:/;.^
(par $100) will be received by the company at its office, 600
Market/ *■
ASSETS—Capital assets, $2,786,655; Cash on deposit with trustee,!
Street, Wilmington, Del., up to 12 o'clock noon (EST), on March 24,
$13,077; United States Savings Bond, on deposit with trustee, $13,059; V
1947.—V. 165, p. 1188. '
J'XX'XX'-'-^ • r>:XV:X'-: V •.y-J.* '. Notes receivable, $1,»00; Cash, $108,477; Other current assets, $74;
A
T
March 12 filed a letter of notification with the
first mortgage 10-year 5% bonds, and 250,000 shares
(10 cents par) common, to be offered at $550 per unit consisting of
$500 bond and 500 shares of common without underwriting. Proceeds
will be used for mine development.
V
••"'/!.;
The
subsidiaries, and Floyd W.
income
Balance,
•%
dealings on the New York.
to
admitted
was
165, p. 1454.
SEC—
with
The
its
j;., 1946
for Fed.
Income
of
Inc.—Freight Rates Reduced—
issue
SEC for $250,000
-
Delta Air Lines,
the
Elfohorn-Bcaverhead Mines Co.,'Baltimore, Md.—Files
behalf of the issuer, 12,500
Thomas R. Heyward, Jr.,
the account of Mrs. Thomas
for
Z/X *H
time
which
aj
of
for
common
Operating income
Other income
*
capital stock, par* value $15, was stricken from dealings on theYork Curb Exchange at the opening of business, on March 19,
Stock Exchange.—V.
on
account
•
Taxes other
v
Total
Invitation
the
'V-V;
split-up
proposal to
p. 205.
a
letter
a
common
power
:Jf Provision
Delaware Power & Light Co.—Public
Bids for Purchase of Preferred Stock—'
filed
the
Provision for renewals, replacements
& retirements
;
•/."/
3282..
p.
for
expenses
^Maintenance
of' outstanding notes and bank loans and ior additional
working capital.—V. 163,
($1
two
RESULTS
■
Purchased
of insur-/
refunding
for
Coast
company,
Operating
be
X'':XXX,V"VX
group
issued
were-
shares
12
($1 par)
common
■■■j':: Period— 'J.-7}'.
Operating revenue
DeJay Stores,; Inc.—Notes Placed .Privately—Kidder,
Peabody & Co. announce the private placement of an
Issue of $1,000,000 of notes.
The notes, which /will
mature
on
-3 Mos End Dec. 31
The company on March 11 filed a letter of notification
with the
8EC for 50,000 shares ($1 par) common, to be offered at $4 a share.
Underwriter,
March
on
par)
,
X X'X
;
15
basis.—V.. 161,
Woodcock, an
affiliate, filed with the SEC March 18 an amendment to the plan
for
compliance by East Coast with the provisions of Section II of
the Holding
Company Act, changing the principal amount of bonds
to be issued by one of the
subsidiaries, Virginia East Coast Utilities,
Inc., from $1,200,000 to $1,300,000.
It also provides that the bonds
be
sold
at
competitive bidding and the proceeds allocated $800,000
principal amount to East Coast and $500,000 to Virginia, /x X
Xx
Harry L. Bailey of New York Oity has been elected a director, suc¬
ceeding Julian 0.; Jordan of Danville, Va., resigned.—V. 164, p. 1081.
Corp.,
May
V. 165, p. 1189.
/XV: /XX X,
East
(Cotton) Mills, Inc.—New Director—
Davis-Rosenblum
vote
two-for-one
1, 1946.
Co.—Listed on Big Board—
Elgin National Watch
Cleveland
The
1313.
p.
old
share on Feb. 1, May 1 and Aug.
The
-
be offered at market (approximately $3.25 per
are Johnson & Johnson, Pittsburgh,
Pa., and The
Corp., Cleveland. The company will use its proceeds
working capital.—V. 164, p. 2152.
XX;'XX XX:
First
,
Balance
followed by a payment of 30 cents per share on
stock received quarterly distributions of 30
was
The
19*7.
1
cents per
Hayward, Jr., to
share). Underwriters
Crl29,132
s
which
cents,
25
Feb
New
will
a
25,000 shares
($1
12,500
R.
77,801
39,693
and
'
6,965
on
company
shares
$2,081,853
-
stock
SEC for
560,000
46,667
deductions
&
Dividends
$100,
Duraloy Co., Scottdale, Pa.—Files with SEC—
The
'
Transfer
'
>
1453.
p.
Rradstreet, Inc.—To Split-Up Shares1—
stockholders
common
12,017
$1,358,650
—
mtge.
on
Other' int.
165,
of $1.121/a per share on the cumulative preferred stock, par
both payable May 1 to holders of record April 15.
>X/HX ...
following the two-for-one split-up of the old $5 par value common
stock,
the company on -Nov. 1, 1946, paid a quarterly dividend of
dividend
capital for additions to
,
1,719,378
oper.
Gross
loans.—V.
Dun &
3,9.j4,727
133,135
—
income
Interest
.:-v
-
'
1947—12 Mos.—1946
revenues—...
Depreciation
Net
Co.—Earnings-
expenses....
taxes
taxes
Other
business.
bank
1947—Month—1946
short-term basis to secure working
a
plant and
equipment, and to finance the increasing volume
: V
/
»■ "...
\
-.'••.■''v.' ; '•
The shareholders appro\)al
permits the company to replace shortterm
loans
with
a
long-term loan from the same banks, carrying
graduated interest rates and maturing over a period of 10 years.
The
long-term loan, according to the company, will provide additional
working capital in addition to providing funds for payment of present
remains at 65.'
age
on
property,
of
Monday, March 24,194?
CHRONICLE
i
/
'YYZYY >">
Number 4579
"Volume 165
PURPOSE—The net proceeds $1,115,000)
will be applied
(c)
41/a%'sink'. fd. mtge. bonds due Aug. 1, '57
To pay off conjit. sales con. & chat, mtges (approx.)
To reduce prin. on outstanding bank loans (approx.)
(d)
To be
added to working capital
amount
outstanding
redeemable
as
64,970
whole
a
at
the option of the company at 102 V2%. tCompany was
the amount of $1,450,000 at Feb. 28, 1947, on short-term
notes held by Land Title Bank and Trust Co., Philadelphia; New York
Trust Co;, New York;
and First National Bank, York, Pa. All such
at
time
any
Indebted
loans
obtained
for
working capital
and distribution of products.
company's manufacture
iY.v.
CAPITALIZATION
necessary
GIVING
EFFECT TO
finance
to
PRESENT
sink. fd. deben. due Jan. 1, 1962
payable—banks
4%%
Preferred stock
stock
Common
HISTORY
Business
-"i—'$&
to
30,000 shs,
350,000 shs.
15,000 rts.
stock
com.
None
Foote Bros. Gear & Machine
Corp.-
BUSINESS—Company was incorporated in 1943.
founded in April, 1856, by Arthur B. Farquhar for the
Years Ended Oct. 30—
Gross
of manufacturing and selling agricultural implements, and for
was carried
forward under the name of Pennsylvania
Works. In Jan. 1889, the business was organized as a
Cost
manufacturing
of
for
Grenloch, -N.
by contract
of
the
anumber
and
J.,
of
for
years
Fred
the
H.
UNDERWRITERS—The
debentures,
the
in
^YYY-Y /
Company,:. Inc;
Deane
Singer, De
Yarnall
&
i
-r-;
v.;'*,.-
_\'Y
60,000
36,000
Win
30,000
*
OF
...»
"...
-
■
11 Mos. End.-
'
31-
'
•
sales,
.
-
■
$715,963
41,556
$1,175,840
197,100
Other deductions
238,885
normal income tax,
■
■■•«(
and
surtax
value
Penn. state
income
.
.»/
tax
profits
excess
:
declared
profits
tax
exc.
$1,108,108
57,434
$757,529
Total income ^.
■
$1,118,406
due
73,989
'
Z.;':
:
73,671
other than
$703,781
certain
Y 208,127
Govt,
claims
on
product
after
guarantee
Oct.
income
Net
$308,254
-
$252,138
unit volumes
/.
$20,077;
36,337
for
50,000
accumulative plan
beneficial
be
>
•
First National Stores Inc.—"
Net
Net
1946
Common
Net sales
818,568
818,568
'
stock
$1.81
$0,86
'j
3142.
p.
!VS".
-
',
Fonda Johnstown & Oboversville RR.—Earnings—
Month, of
Founders
1947
Federal
57,900
tax
4,000
3,939
$7,880
$9,624
163
$8,095
"
:
tax accruals—
1,438
.
1,579
Net
Other
■■
railway operating income
income
Total
income.
Miscellaneous
Total fixed
Income
Interest
?!!•'■
Net
r
-—.
—
—
deductions
from
charges—
income
—
j.-*—
—
fixed charges—
funded debt (contingent interest)
after
on
$5^43
—
income
Depreciation
Jan. 31, said:
——
—-—
(way and
will
Y;
-w
:
,
the exercise of 7,686
subscribe-at $8 per share.
CONSOLIDATED
entitling
INCOME
holders
Net
3,269
do
our
goods to
operating profit—
revenues
operating
expenses
Amort, of
1945
$938,188
$926,776
756,816
—:
ex.
—
cost of investments in
Prov, for Federal income and
(debit
Net railway
pther income
operating
.
;
incomew-J-^Z-
407,245
$762,716.
—
$193,820
—
—
flom
YY.
income
Income
:;y0: Interest
.Net
after
fixed
chargesj
4>n funded debt
income
Capital
.i
l—
iZ
—
$144,830 ^
—
(contingent interest)
—
:
Y ;
expenditures
»Income
*Of
^as
this
amount,
accrued
$70,484
therefor
Payraentvof: Federal
that
there
this
accrual
nccount
was
Of
Transferred
®PPlicable
to
to
in
was
1944
the
year
for
entire
1946.'
surplus
earned
and
in
1945
in
after
Gain
Federal
sum
was
and liability
of possible
it was determined in 1946
income taxes with respect to
included
in
"Other Income"
Consequently,
Y
■• •
the
actual
"Income Balance
includes $7,895 of net income
ASSETS—Investment in
lunds,. $115; capital and
"We
We
(General Foods)
aid
can
to common
share
,
.
operations
'
and
produce
can
Y
(after
reserve
for
doubtful
accounts
of
in
Foreign
y
.
$
32,774,383
27,704,628
215,127
265,612
316,608
22,385
"
•
assets
and
—!
529,659
over
reserve
for
book
(excess
value
of
amortization
of
cost
their
of
net
of
investments
assets
at
date
in
of
$22,810), $166,971; total,
!
665.251
34,834,609
28,550,805
654,094
before
income
Net
for
taxes
and
contingencies
644,042
34,180,515
27,906,763
12,600,000 *14,020,000
taxes
;___
433,000
contingencies-—..—.-—„—_
earnings
Dividends
'
on
Previous
earned
743,000
,
3,000,000
18,147,515
13,143,763
.11,150,926
8,913,061
6,996,589
t42,631,812
4,230,702
38,767,425
49,628,401
42,998.127
.__Y
common
stock
—
Balance "Y__1__-
I.—
surplus—.—
$7,000),
Total surplus
Intangibles acquired during 1945.
real
r ;
Earned surplus at end of year.
Net
earnings
per
share common stock
*Including
common
acquisition,
$10,074,686.
J
.Y 366,315
49,628,401
—
42,631.812
$3.25,
-
$2.36
s
estate
excess profits
stock in treasury.
tax.
t$725,390 cost of
15,311
shares of
CONSOLIDATED BALANCE
SHEET, DEC. 31
Y ■.
..1946
•
1945
$21,243,044 $18,280,520
U. S. and Canadian Govt, securities at cost
20,455,757
Excess profits tax refund
(received in 1946)—
1,158,769
Y' YV
ASSETS—
payable
Gardner-Denver Co.—Registers With SEC—
/"5rtie
62,301
998,832
(net)
expense
Provision
and
consolidation
/
.
interest—-
income
Earnings
701,344
$1.34
$1.05
:
t
understanding
—
exchange adjustment—
(loss) On sale of capital
or
Interest
13 filed a registration statement with the SEC
.L"Uion propertvy $1,703,086; sinking / Cdybting^25,000 shares of cumulative preferred stock ($100 par), protranspbri
other rese
e
funds, $32,361; miscellaneous. ;? Ceeds from which will be used to retire $1,000,000 short term debt and
with:
ability.
Cash
——_
—
receivable
♦Accounts
Inventories
»:
Investments in
solidated
Estimated
,
profits
:
*
and advances
to subs,
not
24,310.280
19,449,545
80,027,189
v
65,507,836
con¬
1,577,149
1,097,221
418,000
563,453
41,949,135
1
418.000
1,007,237
33,578,918
1,730,787
1,829,619
(less reserves)
postwar
tax
refund
of
Canadian
excess
—
Miscellaneous securities and loans
(less reserves)
property, plants, and equipment-^
Trademarks, patents, and goodwill
tNet
,,
DEC! 3T-1946
all industry—
3,649
•
GENERAL BALANCE SHEET,
from
Miscellaneous
(merchandise)', $266,189; accounts
payable
(expenses), gfll7,653; accrued payroll, taxes and expenses,
$364,459; Federal income taxes payable (less U. S. Treasury notes of
$830,000), $566,686; special order deposits payable, $10,737; refunds
due
customers, $35,119;
due to leased departments,
$32,571; notes
payable to banks (including $200,000 due within one year), $2,000,000:
mortgage
payable—real estate
(including $130,081
due within one
year), $338,497; reserve for unrealized profit on will call balances.
$182,076; reserve for contingencies, $150,000; common stock (par value,
$1 per share); $726,165;
capital surplus, $1,0G3,141;/earned surplus,
$4,221,394; total, $10,074,686.—V.' 164, p. 2153.
$56,448
1945
360,973
726,165
————
LIABILITIES—Accounts
10,000
anticipation
receivable
subsidiaries
46,600
1944 and
institution
employees, and the American people'
—
Foreign
merchandise inventories (at the lower of cost or market),
notes receivable
(non-current), $35,000;
deposits with
public Cities, $3,441; land and buildings (after reserve
for depreciation of $86,173), $686,422; leasehold improvements, furni¬
ture and fixtures, equipment, air conditioning, etc.
(after reserve for
depreciation and amortization of $706,705), $1,844,871; prepaid rent,
$78,243;
unexpired
insurance,
$35,266;
prepaid
expenses,
$32,130;
landlords
excess
However,
Earned Surplus Account"
1946 operations.
10,000
23,300
—
income taxes.
liability
no
and
the
earned
27,117
♦$78,379
fund
to
$146,199
6,034
•
prospgro^s
a
of
Dividends
$1,917,249;
19,182
6.034
-
as
.
Other income:
$462,181;
27,227
$119,082
('
-
transferred
27-117
Y
.^117,713
^
—
<-ja.Dividends
/
accounts
$192,609
h
32.022 -' -:Y
16,969
Y
:—
-
Disposition of net income:
"
;* Sinking fund—first mortgage——..—
v
,
and
'•
$
ASSETS—Cash, $2,231,338; U. S. Govt.. securities, $2,060,687; post¬
refund
of excess^'profits taxes,
$31,737;
notes receivable
(due
within one year), $10,000; will call accounts receivable, $479,149; other
48,177
-
Uncer-
330,879,107, 290,025,096
goods sold
i—_—l
252,942,405 1224,608,037
Selling, admin. & gen'l exps., & other charges-: 45,162,319
37,712,431
war
.
charges
■T,
CONSOLIDATED BALANCE SHEET^ DEC. 31, 1946
$144,432
$75,689
:::
the
»
and
management
v|:,
concluded
maximum
sales
Cost
$944,094
245,467
outstanding Dec. 31
22,977
118,131
' Total. income
Misoellaneous deductions
Fixed
.*"■
?'
'
Foods
world
Net
1,099,332
:,
Common shares
'
income———w.——
""
challenge to
a
v
among
inter¬
,
$2,047,075
3,649
paid-^
$167,409
28,744
.
as
Federal Income taxes
118,761
$104,432
^
balance)^—
cited
best
CONSOLIDATED STATEMENT. OF
EARNINGS, YEARS ENDED DEC; 31
(Corporation and wholly owned subsidiary companies in the :
'■%
'
United States and Canada)
v
$1,966,037
81,038
profits taxes
exc.
Cash dividends
$286,170
'
an
are
the
"We
640,606
$181,372
76,940 ;
.
Earnings per common
Railway, operating
3Net .rents
operatiions^—
of
undermine
can
i
Industrial i civilization
people."
were
which
population
"Diminisn-
management
:/'
our
Earnings
subsidiaries
Net Income
Net revenue from railway
Railway tax accruals
growing
our
the
1945
$1,079,510
94,100
:
—
Total income
:—-—i
income^ana
of opportunity for ail.
: :
/
can
practice those qualities of good
neighborliness, regard for
rights and interests of others, and humanity in all our
relation¬
ships, without which no. democratic civilization can survive."
a
to
$1,173,610
1
v
of common proMeras.
We can have faith, and
by our actions show
faith, in the ability and intent of
right-thtoking people to maintain
;
Gross
operating
retain—^
"to
with justice is not durably established."
/
■
General Foods, of small importance in
the total scheme
can do
little to bring
about world peace.
We can only
part in helping provide an
atmosphere in which peace can
flourish."
—
Other income
*■[.■
,i
■
-f Anutuai Report for Calendar YearsRailway
Railway
,
.
in
things,
of
$11,859,000 $13,052,920
Cost of merchandise, sold and selling and gen'
'
eral expenses
10,779,490
11,086,883
$4,520
1946
"
•!
-
ultimately fail," the statement continued, "—as will
peace
"We
;
.
ACCOUNT
1946
sales
factors
to .sustain General
the interests of
owners,
The statement
thereof
-
for
OUTLOOK
efforts
securities
4,141
structures and equip.)-
warrants
Six Months Ended Dec. 31—
Net
$6,780
2,260
$3,083
—-—
through
1,569
2,260
if
,;
"
-
OF STOCK—The company during the six months ended Dec.
1946, sold 7,686 shares of-common stock, par value $1 per share,
31,
harmful
American
Americans.
"All
six-month
SALE
.
^
the
The human problems
tainty of a world peace
current assets on Dec. 31, 1946, aggregated $7,192,341,
with $5,912,614 on Dec. 31, 1945.
Current liabilities at the
$9,787
1,356
1,396
—
of
in
'
!
t*'
,
made
were
guarantee of
potentially
ests
Report—Frank
31, 1946, totaled $1,723,494, as compared with $1,816,415
as at Dec.
31, 1945.
The ratio of current assets to current liabilities
as
at Dec. 31, 1946, of 4.2 to 1 compares with a ratio of 3.9 to 1 as
at Dec, 31, 1945.
••
Working ca^Htal; of the company at Dec. 31, 1946, of $5,468,847
compares with $4,096,199 as at Dec. 31,1945, an increase of $1,372,648.
$19,142
1,000
5,411
4,972
railway operations—
expenditures
greatly expanded national
no
the
.
income
Other railway
68,775
$19,262
215
from
(revenue
Corp.—Semi-Annual
in
larger
.
of Dec.
close
both
well-being,", the statement continued.
ing productivity, long strikes,
reactionary or short-sighted
policies, and unsound fiscal, tariff, or labor
legislation
income
contrasted
$77,042
lay
plant expansion and equipInventories increased due
primarily to price rises, and this
reflected in lower cash
holdings, //•".
' /
"The
are
Consolidated
1946
$88,037
Increase
.
Mu¬
of fhe company and its subsidiaries, : for the six*
month period ended Dec. 31, 1946, was
$762,715, equal to $1.05 a share
on the 726,165 common shares
outstanding Dec. 31, 1946.
i
.
January—
»
railway operating revenues.
Railway operating expenses
Total
Net
The .net
sales
-
most
was little change in net working ^capital over-1945 although
.
on
the
com"
$13,033,000
were
.
sales gains it made
during the war year.
Through productive research, wise
purchasing, economical and efficient
operation, and the sale of quality goods at fair
prices, the company
will try to assure
equitable return to customers,
employees, and stock¬
holders, the benefits of competitive endeavor-,
*
....
Stores
for the
of
THE
plan certificates. Founders Mutual
distributor.
The offering pflce will
the
sales
'
ment.
certificates, 40,000 beneficial interests
market conditions.
'
•;p —v. 164,
There
substantial
was
period ended Dec. 31, 1946, amounted
$11,859,000 as compared with $13,052,920 for the corresponding
six-month period ended Dec. 31, 1945.
The decrease in sales reflects
recent economic developments, war dislocations and
readjustments in
your company's inventory position in anticipation of more selective
$707,694
outstanding.
common
on
is
of
$34,180,5151
were
taxes!
r
contingen-
in commodity prices
.
t
-
$1,482,171
earnings before taxes in 1946
Income
for
reserve
to new product
sales;.-<";t/l"
,'V>.?
earnings at 5.7% of sales compares with
4.7% for 1945. Company
not only increased for
raw
materials, wages and salaries
but also for
promotional activities to meet
growing competition.
The
sales force is
being built to a normal complement after
being depleted
during the war..
.:
.•*;,
■?-;
to
■
shares
Per share
\
Denver,
Rubenstein, President,
1945
1,615,542
Federal
addition in 1946 to the
The annual report states that General
Foods will seek
to increase—the
market.
on
Franklin
$2,323,237
914,879
profit after
based
'.///
$2,397,049
The
and
in
"net
Net
-Registers with
interests
" r' ..V:;
that
expenses
all
Pi
taxes
u
IP
"
Quarter Ending Dec, ,28—
profit before Federal taxes
Federal
::
Depositor Corp.,
$260,695
165, P. 1070.
";y
reported
of the major divisions, and
increases
average unit prices, which reflect
principally the higher costs of
materials and higner
wages and salary rates.'" He attributed a
portion
company on March 14 filed a registration statement with the
covering 1,000 systematic payment plan certificates, 250 full-paid
plan certificates, 200 full-paid income plan certificates,
150,000 beneficial interests in Founders Mutual Fund for systematic
tual Fund
year
during
of the increase
accumulative
669,850
•'
-In
(facilities aggre¬
SEC
$261,317
$290,025,096
report Mr. Francis
$14,763,000 in 1945.
•
Mr. Francis said that
("behind
in Founders Mutual Fund for income
—V.
annual
?i„$nl;926'763' in 1945«
laic
;
.1946 and
31, 1347, $18,750;
$5,736; reserve for
expense,
is
938.
p.
reported sales for last
ln lieU °f the substantial increase
The company's
resulting
deductions—renegotiation,
Founders Mutual Fund, Denver, Cold<
SEC—
47,647
nw'-n
publication.—V. T65,
comparedrwith
the company's 1946
during^gTe
$985,472; 60c. convertible cumulative preferred stock
$323,160; common stock ($2 par), $434,560; capital surplus,
$608,154; donated surplus, $60,000; earned surplus, $1,879,815; total,
$7,272,829.—V. 164, p. 1207.
.
35,495
the
t
($10 par),
payment plan certificates,
36,752,
as
during 1945.
emergency; facilities
$1,185,719;.vroyalties—payable
91,175
641,725 /:
of
cover
oe
The
•;
back
earni?
after Providing $3,000,000 for contingencies, were $18,147,515,
*iii^ Lper sLar®-" General Foods' net earnings in 1945 were
i
°r $2-36 per share. No provision for contingencies was
made
deposits,
S.
se¬
diagram
guide
inside
•L0ail? ^airman, March 18
contingencies,
corporate net
18,390
U.
for
$1,105,707
«
the
on
i945^:;;.;^;;o,s
38,881
"m
67,006
616,177
tax
from
amortization
reserve
$1,066,825
$1,182,097
176,551
.
191,988
$5,707;
of
contra,
adjustment
Govt.),
■
Operating income C-i *
Other income: -.1--J
demand
one-line
a
raied
for
requirements,
are the
components, ratings, and dimensions of the pack¬
Thirty illustrated
arrangements
are
provided
as
selecting a suitable unit.
A
five-step ordering
for
at..$330,897,107,
22,482
:
procedure
existing
Francis,
payable (U, S. Govt.) amount due within one
year
and
accrued
interest, $264,489; accounts payable, $1,024,495;
accrufed liabilities, $188,782;
provision for Federal income taxes, $278,443;
employees'
payroll deductions,
$15,254; notes payable
(U. S.
•
i'.V
hand, and
on
the
to
High Level—Earnings on Common, $3.25. per
Share—For the ninth successive
year, dollar sales of the
corporation in 1946 reached a new record
high level by
-topping the 1945 figure by 14.1%.;Clarence
BALANCE SHEET, OCT. 31^ 1946
,
package substations
on
conform
•
LIABILITIES—Notes
v
4P
V
to
General Foods Corp.—1946 Sales
Up 14.1% to Another
865,000
»
arrangements
Record
4,630,000
$278,354
:
20,299
214,766
E.
substations.
outlined
.68,206
-210,0001
»
G.
-
Also listed
age
•1
profits taxes •<':
_i__—
plant and equipment,
Nov. 30, '46 YY 1945
1944
1943 •
r'
less trade
-/YY/yv
rfyyYYY/yy'
discounts, etc.
$6,985,290
$9,564,759
$9,302,043
$8,973,392
Cost of. goods sold——_
5,305,385
7,501,011 * 7,233,218
7,109,245 ...
'i Y
,£
Selling, .general, admin(YyYyyy 'V-:.: Y
_.:Y
istrative, etc., exps.__
963,941
945,341
960,716
797,321
Gross
V
excess
of complete and coordinated
45,000 kva, with information
standard
the system.
/
gating $1,443,984 subject to chattel mortgages, purchase
money mort¬
gages
and conditional sales'contracts),
$2,771,250; deferred charges,
$190,497; total, $7,272,829.
3,408
,
vr.
/
.
:
;,,
Along with the photographs of each substation is
u
$558,286 $6,374,719
175,938
69,932- ■■■';
dividends
from
EARNINGS
...
.
-
:
account),
'2,840
,
'
,
SUMMARY
■
to
.
VY 5,680
5,680
-
80,876
.
Describes
,
-
8,520
^
& CO.
750
lecting
$6,306,513
.
Booklet
publication
four
y from
$1,629,896; U. S.
Savings Bonds,. Series G (at cost). and accrued interest,
$110,825;
accounts
receivable, •' $1,018,064;
war
contract .termination : -claims,
$125,516; inventory, $1,400,997; cash, U. S.
Savings Bonds (purchase
15,336
60,000
Co.:
Jenks,
~
_
Co.—New
line
guides
$477,410
_
A.L
—
dividends
t.T
15,336
Y
1,Z-- -9o,ooa
SciiitoerY-ZZ-!
&
& Co. :
Bioren
$162,000
_.162,000
1Z
Y__.
for
full
1,382,529
income
Common
Shares
It-.
H. Rollins & Sons, Inc.
Glover & MacGxegor, Inc.
,
(GEA-4500), profusely illustrated and
colors, describes the company's new package sub¬
utility and industrial power distribution. It presents data
in
a
$7,689,042
■
ASSETS—Cash
>
E.
printed
on
In
Net
underwriters> have
Debentures
Stroud.
—L—/__
new;.78-page
stations
<
..
1,082,609
deductions-
Preferred
,
Y:Y!:y!y>YYY
:
A
1945
'
$1,560,019
Renegotiation reserve
Prov. for Fed. income and
agreed, to .buy $600,000
warrants attached, and 56,800 shares of the com¬
amounts set opposite' their
respective names as
with
stock
mon
follows:
.
,
——
profit
income
Other
-
„
General Electric
Package Substations—ZZXZ'y/.
$5,556,745 $33,306,050
3,996,726
25,617,008
Totals income
;/«
,
The
company's business is the manufacture, assembly, sale and
distribution of farm machinery, .and jnaterial-handling and industrial
s
'
»•
ty
1946
admin.
Operating
Other
of Clifton, N. J. On Dec. 6, 1943, the company was incorporated
Pennsylvania and its name was changed to A. B. Farquhar Co. I
machinery- and equipment.
of
-Earnings—4
v'Y
"
Bateman
in the year 1931 through the purchase
business of the Portable Machinery Co.,
conveyor
profit
Selling and
Inc.,
in
Y.'vY'
„
Gross
limited partnership association
in Pennsylvania and the name was
changed to A. B. Farquhar Co. Ltd. In 1930, the association expanded
considerably the scope of its business through the purchase by con¬
tract of the "Iron Age" lines of agricultural implements which it had
Co.,
'
•
•
sales, less returns and allowances—
of sajles
!
years
Agricultural
been
,/Y ^
of
15,000 rts.
>
,4589
assumed—unpledged—first mortgage bonds
205,000 shs.
AND
was
purpose
many
par)
subscrip.
Outstanding
$600,000
750,000
—Y;
or
(contra), $149,000; total, $3,118,210.
$1,165,000; first mortgage bonds with
public, $415,762; first mortgage bonds in
company's treasury (contra),
$149,000; second mortgage income
bonds, $602,593; traffic and carservice balances
(Cr), $33,838; audited accounts and
wages payable,
$36,352; miscellaneous accounts "payable,
$9,928; interest matured unpaid, $14,711;, dividends matured unpaid,
$24,092; unmatured interest
accrued, $27,191;
taxes
accrued,
$29,833;
other
deferred
liabilities,
$3,000; earned surplus (appropriated),
$93,188; earned surplus (un¬
appropriated), $513,723; total, $3,118,210.—V. 165, p. 208.
the
FINANCING
$600,000
par)
($5
for
Warrants
.
($25
issued
LIABILITIES—Capital stock,
•
Authorized
Notes
$4,070; securities
held by company
in
were
yyyy
,
1700,000
'
16,905
v
_
$325,000,
; yyy
physical property, $594,282; investment in affiliated
companies (stocks},"! to increase
working capital.
Dividend rate will be fixed later.
$26,250; other investments
(U.
S. Treasury bonds),
The
$280,000;, cash,.
underwriting group is to be headed by A. G. Becker & Co. Inc. i
$136,579; special deposits, $38,803; net balance receivable from
agents
Giving effect to the financing, the
and conductors,
$49,344; miscellaneous • accounts
company will have only this issue
receivable, * $10,586;:' : of preierred stock
ahead of the common.
material and supplies,
There is no funded debt.
$71,579; working fund advances, $2,570; insur¬
ance .and
other
Jhr^eport Jor the year 19401 recently released, showed net earnings of
funds, $9,785;
other deterred
assets,
$1,025; pre¬
payments
(insurance
^6 compared v;ith $877,414 for the preceding year.—V. 164, p.
premiums),
$8,777;
other
unadjusted
debits, r, oi ro
*$333,12$
v
— .
♦Principal
f THE COMMERCIAL & FINANCIAL CHRONICLE
follows:
as
(a)1 To redeem
(b)
: !
•
»
non
Prepaid
advertising,
insurance,
taxes,
etc
.
/•
4
company March
Total
171,819,038 162,783,423
!
/
THE COMMERCIAL & FINANCIAL CHRONICLE
1590
Monday, March
~A
LIABILITIES—
•
$8,259,062
$8,156,961
698,525
payable, including taxes withheld—
and drafts payable-i.^^—Salaries and wages,
miscell.. taxes, and other
-.
expenses
accrued
——
Federal & for'gn income & exc. profits taxesLong-term notes payable-,-Accounts
2,7,69,451
Acceptances
Reserve
'contingencies——:
for
3,970,465
Earned surplus^
——
is
19,751,736
also
w——i*
42,631,812
171,819,038
Years Ended Oct. 31—
1
•:••
,'V''/;1
income
deductions
Other
.
•
'The
electric
18.3%,
*
this
output of
Federal
}■
normal
^
and State
tax
taxes
and
'"652,000
'143,750
surtax---.
■*■
'
debentures
be
debentures
1
in
continue
shall
settlement
must
carry
of
be
to
Exchange
March
on
dealt
."flat,"
in
to
and
made beginning
contracts
that
1947;
31,
be
Net
profit
*
Year-end
.
of
statements
Reinsurance' Group
the
disclose
surance
of
United
Corp.
General
the
comprising
increase ^in
trade
i
Corp.
totaled
$24,941,875
$3.01
SHEET,
"The
OCT., 31-.
1947
result
nbtes—at
bank),
.!
At
the
due
to
in
B.
the
was
57,000
greater
"The
occasioned
,v/.'/
by
than
in
disappointing
changes in the
/'/"/■//
5,
stockholders
preferred
the company's
57,338
$3.61
$1,355,839, creatine
outstanding shares
President.
losses
meeting March
was
considerably
■
Hall,
inventory
cumulative
1945
$207,223
$0.63
^
on
done
Edward
.■
5%
stock: held
•
^
share
per
business
to
annua!
shares of
to
(net), ?$2,131,009;
inventories,
assets, $243,426; insurance fund
and equipment (net), $3,920,753;
other
of*
was
1946
57,000
;
$23.78
according
market level."
savings
payable
of
volume
1945,"
receivable
and
value
./
taxes-!$36,028
outstanding
stock
and
voted, to cancel 2
500
3,000
treasury.—V, 162,
p
shares of
common
2942,
"
s
■
$164,508;. properties, plants
Hart Schaffner & Marx—Annual
Report^.
cost,
less
amortization, $15,388;
goodwill,'*4 $1;/prepaid
insurance, etc., $101,396; total, $13,005,160.^;:,,^
■'
directors authorized the sale_ of 6,850 shares
'
■
i.-': /
_■ •^ ;.*.;
■■.. of-treasury, stock
to
a
number
of
LIABILITIES
Notes payable, $724,000; accounts payable, $335,715,
executives-;*(not including the
president) at a price of $40 a
share, under an arrangement which
accrued taxes
(other than taxes on income), $75,612; Federal, CanaEnables these executives to
pay for the stock* over a period of five
dian and State taxes on income—estimated
(net), $921,685; payable to,
years.- Since the close of the fiscal
year the company has acquired
unconsolidated subsidiaries, $178,469; reserve for
general.contingencies,
approximately the same amount of stock at a price
$1,450,000; reserve for insurance, $712,344; capital .stock (class*
slightly below
A,' r,
$40 a share.
••iv:.!';.-*-;:/7
-/iMi'i
256,000 shares, and class "B," 216,000 shares), $2,491,113; earned sur¬
CONSOLIDATED INCOME FOR YEARS ENDED' NOV.
plus, $5,516,223; total, $13,005,160.—V. 164, p./2153.,:
"
'30 *
;;:'/'
;/-'•■■/« ■
/,
1946
/
1945 ■
Net sales and
operating revenues—.
$45,808,460 $33,805,246
iiM II. & B. American Machine Co., Pawtucket, R. ; I.--Divid. from sundry
invests., int., & other inc.
177,363
135,477
-
patents—at
General
~
„
,
^^ the.
.,
,
,
constituted
and
accounts'
investments
$2,64
shares
book
a
net
BALANCE
assets,
admitted assets for
North Star.Reinand cash holdings
total
bonds
Government
1
7:/,'/^.
earnings after charges and
Net worth of the company at the year's end
7
,j, ■■
V
...
ASSETS—Cash, ..$1,072,161; U. S. Treasury X&x
($700,000), principal amount pledged on note
$900,000;
and $1,449,105 for the
States
Reinsurance
corporations
an
this corporation of $2,165,381
;
r
Corp.—Results for 1946—
Reinsurance
depreciation.
cost
.
$4,456,517;
General
for
436,000
Inc.—Earnings—
//'V, ^
;
Earned per share.;
3io,d00
179,183
Z—1
share——/__!/
B
CONSOLIDATED
1947,
538.
p.
class
Harris Ha!I & Co.,
-Calendar Years,—
'$718,053
280,920
.
provision
131,4"M)
7*
Net
—$1,155,985.
per
tjie
\
Common
dividends
1,168,000
2.703,626
$92,880^220
•
dividehds_„/____—...
♦Including
29,650
000
Crl5,000
"A"
2.784,000
1,690,000
1.632,813
1.349,075
40,000
62,500
340,700
103,830
"B"
Earnings
delivery
a
March 31,
and subsequent. coupons.-t—V. 165,
No. 6,
coupon
2%
ex-interest
quoted
stock-!—_____
000
J3r7,530
.
.
Corp.—capital
14,70i;32.
W,611,000
5.193,750
75,000
174,000
stock
1,030,600
"
Class
of
interest
Phelps Dodge
stock-—
J.)—capital stockv-«»:-
Chemicals-, Inc.—com.
?4,441
income
on
Class
2% will be made* on March 31, 1947, on
4%-cumulative income debentures, due 1969, on surrender of coupon
No. 5 at the Commercial National Bank <fc Trust Co., New York,'N. Y.
The
New
York Stock Exchange on
March 14 directed that
the
of
Payment
..
(N.
&
500
13,243
an
& Utilities Corp.—Interest—
Realty
income
profits tax—
excess
Canadian
".
General
—Li-
for the week ended March 14, •.-•■: Postwar tax credit--——
increase of 20,780,209 kwh., or ■>• Adjustments applicable to prior years—
week of 1846.—V. 165, .p, 1455,.,
1
v..
corresponding
the
over
Corp.—^common
Co.
Oil
Plastics
Prices
Dec. 31
$50,610$
$50,610,614
805,553
262,000
;/■; 44,100
■
company
amounted to 134,240,294 kwh.,
1947,
1
Durez
234,011
'
Rayon.
Standard
••*••
•
.
wu-
°Z*/rincipal Mkt.
A
1,078,283
—
—
Interest expense
Output^-
Corp.—Weekly
sold—
Selling, general and admin. exps._l—
Federal
f
Industi/aJ
1945
4
;
$26,316,40) $26,233,212
23,111,633
■———
of products
♦Cost
in
Utilities
Public
General
>"V
--!^/--!ZZ!*-/!/Z.-ZZ $26,077,142 $26,059,201
income—-—239,267
Total
tAfter reserves
1945.'
165, p. 1207.
treasury.—V.
y.
,/".''1948
•
Seaboard Oil.-Co.of Del.—capital stock—
Union Bunk of Commerce—common stock
for discounts
in
/
*
y
y.
National
,
puP1^
•
' 1;
/'
sales
Net
•
..;•
>>;:*» Aft t. owned
Steel Corp.—capital J
it«tock.^..:,^.;v591,937
Pitt'.burgh Consolidation CDal Co.—Com. si.k.
/
162,753,423
$41,173,679
and
V;/
-•
C/V'Y'r '
'
,
Greif Bros. Cooperage Corp. (& Subs.)—Earnings-
/
55,400,100
§49,628,401
reserve
$331 878
1946
the
on
No. of Shs.
•<
and doubtful accounts
$505 024 in1 1946
for depreciation of $42,986,588
1945.tIncluding 80,778 shares held by- a
subsidiary for conversion of its non-voting stock in hands of
§After deducting $725,390, cost of 15,311 shares of common stock in
♦After
and
of
1455.;;• /'"'' .•/""
P.
•%>
6,374,239
.
155,400,109
—
Total'—-—1————"—<*—*■""*"*"**
in
director
a
Co,—V. ,165,
Other
'(•■'
•
National Bank, df the
director of this corporation.
He
Merchants & Manufacturers Fire Insurance
24,1947
following securities
a
25,000,000
25,000,000
9,374,239
company owned at Dec. 31, 194G the
quoted market prices were available:
f
Joseph B. Ryan, Vice-President of The Chase
City of New York, has been elected
2,699,115
19,488.237
(5,590,774 shares no par)
stock
Common
yZ, The
Grayson-Robinson Stores, Inc.—New Director—,
' -
A
.
60 3%
of
North
its'investments.
Amounted
to
$6,717,086,
Star
71.4%
or
government
total
of
holdings
and
cash
investments.
:
■
claim expenses of the General Reinsurance
an
increase from the prior year of
corresponding
reserves
for
North
Star
were
$1,225,974, an increase from the prior year of $246,008... Reserves for
unearned premiums of both companies went up sharply, the. increase
for the General being $1,989,763 and for the North Star $1,854,635.
Reserves for
Corp.
?
'
claims
amounted
$2,772,616,
and
$16,243,453,'
to
while
,
the
.
*
.
a1
•
Plans Recapitalization—
.
$19,404,525,
reduction
Star
the
prior
voluntary
last
while
the prior
not
amount.
this
showed
'
•
the
>
Capital
year.
$412,909.
Surplus to policyholders
$863,416 from the prior year.—V. .164,
p.
'
;
Wk. End. Mar. 7
;
:
•
Period
•
Operating
—V.
•
•
■/ *z
.■> 1947
':?
1946
-■"/•
$46,575
revenues—
"•/"
1947 4
a
$53,025
"
company
March
on
filed
14
registration
a
statement
with
net
sales
American-made
the
for
pared with $372,082,813 In
of
rubber
1945,
from
amount
year
decrease of
a
to
$361,471,149
'this company is not included in sales for either
year.
i
claims applicable to contracts for
War-products has
At the end
of 1946 current assets amounted to
"
current
liabilities $33,451,077, a
CONSOLIDATED
standing
3-to-l
In
'
INCOME
ACCOUNT
FOR
Net sales
Other
^xc.
.
tax deducted)
_—,!———
sales
♦Provision for
Int.
of
debt
&
for.
&
Prov.
amort,
disc.
&
refinanc.
charges
for
Provision
for
inc.
&
contingencies
.
YEARS
w
-
; '
.
Earnings
per
995,186
12,3*3,501
$7.84
2,060,155
.
♦1946
tAfter
amortization
deducting
of
discount
$2,080,000
and
cancellation
,
exoenses
of
tax
on
bonds
redeemed,
provisions
of
years.
prior
1946
ASSETS—
"'
•
1945
;
bonds of
taxes
EARNINGS
the
and
replacement
S. Treasury
tAccounts
&
receivable—
lower
at
cost
(per
Investments &
JLand,
notes
reimbursable
contracts
10,811,316
15,050.438
12,131,586
16,345,559
45,304,925 *43,105,418
78,531,128
54,975,826
notes and bonds.
and
Inventories,
market.
or
items
under
U.
S.
CALENDAR
Divs.
allowances)!-;
1
misc.
receivables
buildings, machinery & equip, at cost—
charges to future operations
'
35,077
2,491,991
1,833,011
63,188.401
(less reserves).
Z
and sundry'-//,
company
taxes..
48,672,374
2,490,714
2,160,611
/ /
,
214,985,138 182,756,209
LIABILITIES—
Bank
."'/■<•
llProv.
payable
for Fed.
&
for.
Deposits under U. S.
liabilities
^
and
534,000
accrued..
inc.
Govt,
&
exc.
prof,
contracts &
taxes.
(pei;
for
pensions™.
preferred
par
Common
Earned
stock
412,031
shares
value)—stock
(1,308,320
no
328,390
§352,045
605,000
1,110,000
None
34,988
$929,958
$342 133
(net)—
to
earned
surplus.
hand
and
demand
..
-
(M. A.) Hanna Co. (&
150,000
100,000
-•300,000
100,000
479,953
•/, $2.60"
142,133
.__'v
$0.64
deposits
$257,113;
<^'
18,775,867
par
shares)
surplus
612,972
accruals
taxes
for
salaries
'/>
■
24.721,860
44,280,197
58,141,060
/•./.
'
'
1946
/'
coal
/_.
•Includes $16,011,575
arising from
214,985,138 182,756,209
contract terminations.
tAfter
discounts and allowance of $3,991,549
war
doubtful accounts,
iin 1945, tAfter depreciation and amortization
°
Ira
n 1946' whlch include $5,000,000 for anticipated
trw
nrinZ' ' S'aJ '
^ 1945, ^Includes renegotiatioh of war con*24
JS in
/*™cting U' S- Treasury Savings notes of
*24,435,824 (« 1946 and
j
cc
j
$39,685,458 in
1945.—V. 1G5,
p.
—__ZZZZ__Z
_/_
__/__
/
$3,289,318
4,982.814
8,191,034
54,204,452
92,880,219
(book value).—
(market value)—
transferred
1455.
Co.,
to
although Hanna
operation .and
to
business.
Pittsburgh
continues to supervise the
handle the lake
forwarding as
1945
$2,940,014
6,208,637
13,359,319
47,446,575
81,490,155
.
Accrued
taxes
for
Minority
;
;
,
part
of
its
of
lake
•
and
conUnne
to
.
:
be
•
.
«
a
* v
purchase
.
_____/
loans
auccessful
■
-
]
825,000
.
of
•.
.
546,565
"•//
260,300
(less
res.)///'
92,652
141,758
insurance
and
names
trade-marks.
_/
880,475
<
404,367
7,758
206,600
i
1
•
.
37,306
$24,052,979. $18,933,696
>'
(other
Fed
for
./>,'<-■*
Capital
1
Total
(par
value
on
income)!^
~
__///
$10
at
1945.—V.
for
164,
:
Drl23,675
8,847,255
Drl92,175
$24,052,979
12,367'/2
par.tAfter
reserve
1,628.475
11,625,861
$18,933,696
ZZZZZZZZ
by
3,750,00(5
1,422,975
3,750,000
—;
♦Represented
shares
reserves
depreciation
p.
in
"for
1946
and -19,217^
balances
and
doubtful
of
$2,739,579
in
..
1751.
Hayes Manufacturing Corp.
•;
Total
EARNINGS
•
•
revenues
FOR
Subs.)—Earnings—
;
——
Net income before
deductions
Depreciation, interest
(&
QUARTER END.
DEC.
_
_
and Federal taxes
1946
31,
""ZI-
ZZ/lZ-ZZZZZZZZZ---
profit
'.
$5,24,1,349
750,751
/___:,
__
"I I I
/!//_„"
/-
share
per
shares
on'1,060,000
include
185,000
$384,441
sharesZZZZZI—. >
common
shares
purchase of American
Engineering
Co.
366,319
..
^_/-
previously
held
in
t.
$0*33
for
escrow
and subsidiaries.
NOTE—Th's
is
the first
quarterly income statement of Hayes h*
results of operations of
American Engineering Co. and subsidi¬
aries which were not
formally taken over by Hayes until Oct. 1,/1946»
The first quarter's
profit exceeds that of the entire
year ended Sept30, 1946, when net profit was
$213,739, equal to 24 cents a share on
include
875,000
shares of
common
stock.—V. 164, p.
Helicopter Air Transport, Inc.
isters With SEC—
The
covering
stock
(par
managing
a
10c)
/'<•'/
Camden, N. J.—Reg-
March 14 filed with the
SEC a registration state¬
proposed public
oifering of 270,000 shares of capital
at $3.50 per
share.
Strauss Bros., Inc. was named as
underwriter.
.
Proceeds from the sale.,
the world's
used to
ments
>''•"
-
company on
ment
of
1083.
which will mark
first commercial helicopter
provide funds for the
machines
purchase of
on
already on order,
supply additional working capital.
Company was formed In Delaware
to
the
public financing
transport service, will be
helicopters,. to complete pay**
initial
air
pay
off
bank
and to
loans,
-
;•*
"'/
■■
It presently is
quahfied to do business in the
States of New
Jersey and Pennsylvania,
and it intends ,to
engage, according to the
registration statement,
°f persons, goods, merchandise and mail, and to render other
Sept.
12,
1945
transport
^tabte
--.vi-.i.
im
shares
discounts.
$2,635,579*
and
1946
--
and
•
:
"
/Z-I
1_
each)
'
=,
income-.
on
—
_/—1////—____———IZ_Z"
-
tAfter
in
taxes
taxes
interest
-
■
$1,605,840 / $821,227
:/;/ 984,167
541,939
V 982,045 /
586,897
186,024
/'/ 227,142
2,617,764 ; 2,237,105
32,451
55,360
700,000
■k.; 700,000 ;
surplus
'Earned "surplus
v
than
State
contingencies
.Common stock
1945
&
stockholders'
Reserve
Consolidation
management
Referring to Pittsburgh Consolidation Coal
Co., Mr. Humphrey said:
is our hope that this
outstanding coal company in which we are
so
interested, which is well fortified not
only financially but with
ample and excellent reserves of coal in
the ground, may so
develop its
resources and
equip its operations with the
very latest machinery and
improvements and serve its customers SO well that
if
so
rnn
well that it can 'meet the
fh»
severest corirvn+<f1"'"
enterprise."
*
stock
for
accounts
♦These
"It
competition
•
payable
Other accounts
payable' ____!z:Z!Z_ZZ2zzZ/!_z
Accrued salaries, wages' and rents—-^—/—.
1945
$4 813,944
The reduction in
property account was principally caused
by the
transfer of Ohio coal
properties to Pittsburgh Consolidation
Coal Co
in
exchange for stock of that
company,
Mr.
Humphrey stated.
The
Hanna Interest in North
Western-Hanna Fuel Co., an
Upper Lakes
coal dock
operation, was also
the
Total
1946
assets
Investment account
Coal
114,220
$,160,233
9$53,471
—//—
♦Earnings
13,341,452
1,013,000
44,280,197
40.569,495
194,673
•
certain
LIABILITIES—/*
Net
Quoted
24,721,860
i_
—
—
employees
cost) -&
of
v
Subs.)—Earnings—
31
securities
1
and
$5.05/;/ '
$4.26
/
Long term debt of $4,000,000 was paid off in 1S46
and the .company
enters 3947 in the strongest
position in its history, President G
M
account
(at
officers
,Total
income, $53,519;
on
35,000,000
of
of
♦Treasury stock
profit after charges &
taxes—$5,611,654
per common share...;
current
and
value
in
Earned
Dec.
•
$5,136,316- $6,902,306
>1,312$04.
2,637,862
•
3,324,191
1,843,351
(at, cost) /zi/z/t/
accounts-payable
officers
surrender
Trade
84,034'
(net), $6,399; reserves for work¬
compensation self-insurance,
$125,000; reserve for contingen¬
$380,000;
capital:
preferential
participating stock
($10
par);
$1,000,000; common stock ($5 par),
$1,500,000; capital surplus, $230,477; earned surplus, $1,43.1,256; total.
$5,060,583.—V. 162 o. 1513
V
Property
35,077
35,000,000
of
lives
/
21,988
cies,
Net
.1945
•
policies on';/'/'/ /••''•>.,;
subsidiaries--////
/-■ 41,938
Shop equipment, furniture and fixtures
"
1,234,798
Leasehold improvements/(less
amortization) _/_ ■ 1,111,476
-Leaseholds (less
amortization) //__
257,813
Prepaid rentals, insurance,;
supplies,: etc.Z-.Z-ZZ/v. 258,340
1,289
105,000
22,536,798
•'-/; 139,290
580,000
<issued
•
related
contra)
2%% first mortgage bonds due 1965
^!__
Reserves for contingencies and other
purposesReserves
,
32,777,787
notes/and
$4.63
'
-1946
. -
.
•
common
20,343
Humphrey informed stockholders, pointing to the
following comparisons:
loans' (foreign)
Accounts
.■
4
.
In¬
share
on
Years—
/
accounts, receivable.
deposits/under leases
'
■
purchased for treas.
wages, $96,818; accrued taxes, not
including
State and Federal taxes on income
Calendar
*
1
$8,847,253
$9.44
.CONSOLIDATED BALANCE SHEET NOV. 30
Cash
603,711
banks, $311,515;
accounts
receivable, (net of $30,500
reserve), $1,029,326;-inventories
$1,930,245; other assets,. $124,726;
land,
buildings,, machinery and
equipment (after reserve for depreciation of
$1,801,311), $1,607,346;
prepaid insurance and expenses, $57,424;
total, $5,060,583. *
Net
$11,625,861
,■/
company's
Sundry invests,
5,619,161
;
BALANCE SHEET, DEC. 31, 1946
V;
ASSETS—Cash
year
$1,614,77$
taxes
common
;•'•.•;
of
Government 'Securities
Other
$8,077,033
$1,639,958
—
transferred
per
$1)645,860
7,770,645
$12,270,3.79 $9, 416,505
; 644,518' '•
569,252
:
Invent./, at cost, or market whichever is
lower
U, S. Government securities (at
cost) and cash
*/ deposited in escrow for building
$1,554,159
; 60,619
preferential
Earnings
Earned
612,972
end
of
$1,549,476
90,481
'
participating stock-.,///!/
ott^-common-JBtdck/!.//////-/!./////-//////' >
Divs.
14,149
683,713
1,563,766
39,123
i
-
,
;•_/.-_/—
u. rS,
..Trade
*
.
Total
no
Cash
•
1945
$7,938,742
5,353,161
1,036,104.
earnings' '/--/////——
on
(
Z_\ $3,423,126
*8,847,253
"8,84t,253
r
YEARS
Govt.
contra)
Deferred
$5
,
ASSETS—
-
of
v •
■
at
Reserve
Net
5,187
23.159 f
i
'
^
year
per, share
Goodwill, 'trade
Renegotiation settlement
*'•
year —-,
beginning of
21,011
'
2,125,435
77,041
,//:/ 57,403
/
-
_
/
Balance
■
FOR
:--/
income
income
t
v
/
:
purposes and
OF
retirement expenses—
Federal
■
-
Earnings
shares/out¬
discount.and expenses-!—!!-.-——.^.-./,-!-.!
on
profits tax——
income taxes__
Dividends
men's
Cash
Cash
income
LIABILITIES—Accounts payable,
CONSOLIDATED BALANCE SHEET DEC. 31
U.
the/ 300,000
2,938,655
includes $5,000,000 for anticipated
obsolescence; 1945 includes
$9,180,200 unamortized cost, as of Sept. 30, 1945, of facilities
acquired
under
certificates
of
necessity,
tlncludes $1,202,914
premium
and
accelerated
in
state
541,865
•
'25,207,871
2,060,155
5,887,440
j
share—
common
reduction
Total earnings
Loss
surtax
Total
"
A
products, by mpre profitable regular products."
Bond
12,646,723
-
$17.69
——
for
Int. on bonded indebtedness and amort, of
bond
■
-
stock—
$2.60
were
-Earnings from operations
Other income—Interest,
j discount
;■
&
"
with
$0.64 per
common ..share ••adjusted
for
during the corresponding previous year. '/&-f '/-:
increase
were
inc/tax
excess
State
fcr
for
Balance at
•
5,655,575
22,780,000 t31,243,000
•5,500,000
2,000,000
;.—
Income carried to surplus account
Dividends paid—on $5 per sh. on pfd.
Dividends paid—on common stock—
year
(less discounts, returns and
Manufacturing cost of sales-/Selling, general and' adm/ exps
•-./ '-1945
..726,112
taxes-
—Z—
the
Sales
,
50,566,791 .42,237,045
10,680,600
15,821,994
•
—
prof.
exc.
.
at
normal
Fed.
■
Profit
Profit
.
stockholders accompanying the
report, E.'P. Hamilton,
stated that "the principal reasons for the increase- of
1946
war
for
Notes
been completed.
$146,778,955 and
5,387,668
chges.
—/—
Fed.
for
administrative
.
/.;/• 1946*
361,471,149 372,082,813
depreciation and amortization—
Other
I
».
$45,985,823 $33,940,723
31,895,110
23,731,320
:
239,316 •
178,292
expense—
8,086,584
6,065,655
/ 37,638
13,658
occupancy expenses—
and
Fed.
for
,
,
outstanding 204,302 shares of $l,p par..
dividend
.
STATEMENT
366,858,817 377,738,388
-250,402,257 270,934,260
-
expenses--/-^.
Prevision
com¬
■
income
of
,
,
t
for
Provision
y
—
Selling, general & administrative
.
,
,
t
general
Provision
D
Manufacturing Co., Two Rivers, Wis.—An' /
'
;
letter to
production
by
Termination of
S
(disc., transpor. &
yvith
•
were
operated
1946
income
Total
Cost
The
CALENDAR
"
:/'
there
&
Sundry incoine deductions !l_J—
*L-'
Minority int. in net profits of subsidiaries/—.'
compared
as
stock
a
special
ratio of 4.4 to 1.
.*/•;•//•
:
stock,
President,
earnings
plants
Selling,
financing.,;..'>; fif
stockholders, since ^.outstanding, pre¬
outstanding common stock.* ("Americap
double
Reporter.")
^counts
share
common
•*/'. _?■%'
2.9%.
government-owned
■Cost* of goods sold
'Depreciation; and. amortizaiion-!.-/———
208,000
■•/•'.In its annual report for its 66th
year of operations released March 21,
the company reported earnings of
$329,953 after provision for. income
taxes during 1946 as compared with revised
earning of $342,133after
deduction of income
taxes during
the previous year.-/ Earnings per
the
Offering price will be $8.20 a share. Proceeds will be used to 6btain
long-term cutting contracts on large tracts of
timber,' to construct
units and for other expansion purposes.
Consolidated
of
common
about
nual Report—
additional manufacturing
Goodrich Co.—Annual Report—
present
are
Cotton
Hamilton
' !
,
covering 100,000 6hareS'($l par) common. Underwriters, Reynolds
Co.,. New York, and Equitable. Securities Corp., Nashville, Tenn.
(B. F.)
issuance
arrearages of $6.6b, per-share as
1, .1947, and 97,856 shares ;of: $10 par value common
(stock//^
Jan.
SEC
&
last
/At
;
Georgia Hardwood Lumber Co., Augusta, Ga.—Registers with SEC—
The
new
the
$429,640
$439,361
7 - 7
(
J.
the
to
and
preferred
.
for
for
f
which
be. merged
stock-;
ferred shares
'
1946
used
be
and
stock
plan provides that each share of present preferred stock
receiye
7V2 times as much of the new stock as common
alloted
•;''•*.•//:.
ll"
stock,
proposal
a
holding one share of existing common stock. This ratio give,;
preferred stock approximately 15 times the number of new shares
the
Jan. 1 to Mar. 7
■? * -
165, p. 1455.
^
'.
-:Xkk
25 on approving
preferred, and common
common
stock to
new
March
holders
;
the
Georgia & Florida RR.—Operating Revenues—
vote
present
exchange
Wool
7
will
the
single class of,
a
The
in
was
3143.
that
shares of the
North
$3,087,030,
was
'
a
stockholders
provide
into
•
in
reduction, from
a
of
year
reduction of
reflecting
:
included
was
appear
$2,087,090
at
of $2,271,825,
year
that
which
does
year,
surplus
in
reserve
$450,507
of
reserve
statement
$1,000,000
:';/
decrease from
a
of
•"Voluntary
The
will
'
\
,
i.'
Voluntary reserve of General stood at $4,404,525 at-the year end.
Capital
was
$5,000(,000
and
surplus
$10,000,000
representing
no .7;
change
from
the
prior
year.
Policyholders'
to
surplus amounted
to fly and mechanics
to
maintain such aircraft."
■,
.
v'•
,
/
•>
Number 4579
Volume 165
\
THE COMMERCIAL & FINANCIAL
CHRONICLE
■Qi)) Heywood-Wakefield Co.—Loan Negotiations—v.
consolidated balance sheet dec. 31, 1946
.
■
>'
1
..
Court
Chandler Act.
.
OFFERING—On
PRIOR
with
notification
qo
cjW&Vm tTtf Ati^
q
r.P^UlatlQn.
the
Dec. .17,
SEC
1946
company*filed
the
letter
a
.
of
preferred
•
shares
of
The
stock
the
to
management,
and
-
stock
•
*
snare
t
*
.
cold
l:
«.
their nominees
and
»
<'•
.'
HISTORY
at
par.-■>
-
Net
AND'BUSINESS—The
intends .to develop
impregnation in
company
market-the
uses
following
-
leather, paper and paper products;
iabrics; fabrics used in connection with
of
rubber
V
applications
clothing,
footwear,
latex,
or
luggage,
such
•
has
entered
into
tires,
the
with; F.
-
hose;,
Machine
*
:
had
..
the
arrangement'with
F.
Stokes
J
Machine
Commerce,
organization
past
and
$40,000;
v
acquisition
for
of
other
equipment,
plant
i
;
($25
stock
(5c
par)___
Authorized
par)
inoa
RR
Argentine-American
+n
'
vnafnHtv
Stuart A
fiq
re
12 Months Ended Jan. 31—
Gross
5qV
i«n
taxes.
-
a
retirements
for
shs.
V
i .'Dawson
•
stock at 5
Spurrier,
option,
exercisable
of
■>■■■,
common
the
cents per
of
disc't
debt
deductions
—V. 165,
-2,994,770
--- .447,550
662,552
* 506,000
-•
•
jr. him
.The
j'
J ,--;
j,
H
i
.
_
r
15%
to
F.
Stokes-Machine
J.
been
granted
option to pur-
an
Net
to
purchase 25%
t
•Net
j.->
p.* 1527.
-
,
lield.—-V. 165, p. 1316.
v
.
of
director
Walter
J.
w* ',
'
$983,781
530,032
143,097
eL
«
$545,853
$304,651
i{
"
'
p., 1192.
-
.
•
•
:
Operating
-,k
Uncollectible
——
operating
and
of
most
*$274,573
$2,425,638
*$44,779
;PV"
241
v
,
.
■
Operating
Operating
Rent If or
194,622
uL__'__
revenues
50
"
Operating, taxes
Net
Net
$22,658
:
v
I*:--
165,
..
v! '
1071:
p.
■
'
<
I.
:
.
>
r;:" " L''
-
x•'.■.sy
.
••.
'
\
(
T.105
remaining
the
are
2,436 are
Indiana Gas & Chemical Corp.—Annual
(Incl. Terre Haute Gas Corp. and
$2,225,232
1,343,367
$5,406,321
Production
sales
operating revenues
Manufacturing and operating expenses-"
Maintenance
and
Administrative
&
Interest
Interest
—
-
expenses'—_I
i_-.
Fed.
on
repairs
selling
and
Insurance
State
$2,776,319
1,857,316
271,149
149,580
and
in
$881,865
$2,036,507
notes
on
bonds
than
Fed.
L
—
i—
i
inc>
taxes
—
„
^
$654,361
$586,865
$1,340,507
Intfirest
on
customers'
Depreciation
Miscellaneous
Federal
:
deposits
—-
deductions
'—i_L_—_-—iLfA±rLLJ__
Net income
"after
all
charges
4A: ^' 1,876
'-^131,354
_-Lr—'J'.' 2.733
—
income- taxes
890
25,050
1,760
131,959
150,715
113,238
292,766
2,823
14,506
;<L»
$496,370
$470,801
$1,033,235
'
T-L-i-
-
$188,584
165,
•
•
rift
of
14
the
in
'
.$111,585 -
the
on
prejudice
'
represented
whosfe
holdings
investment
any
entitled
not
are
dividends
on
165,
R.
J.
these
of
excess
to
In
the
equity
any
securities
the
stated
in
are
in
arrears
in
L
339.
p.
of
Suffredini,
National
6%
Preferred
Stock
Vice-President
*ind
Treasurer,
Bank
of
Philadelphia
acted
as
ex¬
Lv:
outstanding 6%
March
31,
next,
preferred
at
$105
stock
has
share,
per
been
plus
called
accrued
for
divi¬
share.
Payment will be made at the company's office
Philadelphia, Pa: f
-LL'..,'
per
quarterly dividend of 20 cents per share has been declared
4% preferred stock, payable March 31 to holders of record
•'L ;-5:«'c7?i'vLV;
165, p.- 1317.
31
1945
1946
1944
•
$5,843;520
$7,184,429
$5,310,998
337,582
:
675,573
88.739
4.359,894
^3,132,509
2,267,894
—_
sub.
101,529
63,735
53,141
contingencies,
Cr235,862
Crll9,478
Crl2,867
$3,372,377
$4.52
$2,214,705
$2,049,474
;
$2.74
in
etc.—
profit
share
3292.
Roi
'
Co.,
Feb.
,
Allis,
West
offered
Feb.
1,
1
1947,
and
work
to
'
$2.97
•
Wis.—Debentures
(to
residents
of
Offered—
Co., Milwaukee,
Wisconsin only)
due
Aug.
net
$150,000 each
Feb.
1/1948-1957.
Interest
1.
proceeds
in
process
arrange
current
bank
directors
payable
Serial
debentures,
on
John
by
and
March 27
R.
S.
Saltus.
recommend
to jreo',ac<rW.
the
Wallace
difficulties
in
T.' Fleming,
R. G.
of 4%%
Kellett,' Earl D.
"
majority members of the board sdys, "The financial..
the company has been involved during the past
which
policy-and has
1957—
($2.50
stock ($50 par)—
par)_i^
,-w.
*
•
$1,500,000
39.171 shs.
^ 1480,000 shs.
convertible preferred stock.
incorporated in Wis¬
began its operations with
industrial gasoline oneine
and during the next 10 years its line of small engines was enlarged
through the developmertt of new models.
In 1926 the company further
expanded its engine line bv acquiring another engine company which
manufactured larger models.
At that time the company also began
the production of air compressors for other manufacturers.
In 1932
it began the manufacture and sale of its own line of portable air
compressor and at about the same time deve'ooed a line of ensinegeherator sets.
The company entered the highway mower field in
1937 thro v si the acquisition- of the Centaur Tractor Corp, of Green¬
wich, Ohi • : manufacturers of small tractors and mowers.
Tne comnariv has >*..-)■.LinUed the development' and sale of most of the«e prod¬
ucts whici
i:ow consist of many sizes and styles of industrial gas
consin
the
;
agreement with the directors on important matters of
to
intends to apply
AND
BUSINESS
election of N. S. Ludington and Henry Sears
Kellett;. President of the company, and Robert
YchT' were due in-large measure to a broad expansion program planned
^nd 'entered
on the strong recommendation
of W. Wallace
Kellett, President-of-the company, who has been In fundamental dis-
due *1948
PRESENT
substantially all of the net proceeds of
the sale of the serial debentures in payment of notes payable out¬
standing on Jan.
18,
1947.
t950,0C0 ghares authorized of which
195.855 shares reserved for issuance upon conversion of 39,171 shares
the other
William
stock
"Company
stockholders at the annual meeting
two directors.
The letter is
asking
to oust
Bromley,
EFFECT TO
v":.:,.
———
4»/2% cumulative convertible preferred
Corp.—Ousting of President Sought—
are
GIVING
FINANCING
top management of this corporation was revealed
mailed to stockholders over the signature of
members of the board of directors.
seven
five
OUTSTANDING,
CAPITALIZATION
Notes
letter
a
_
*•
vote
and finished goods at a cost of $700,000.
In
payment for this purchase, the company increased
borrowings in the amount of $400,000 and executed
its 90-day promissory note payable to
the seller in the amount of
$300,000 due Feb. 27, 1947.
Company intends to apply substantially
all of the proceeds
of this financing in payment of the foregoing
note upon maturity and to reduce current bank loans which
on
Jan. 18, 1947 amounted to $2,055,000.
the
within
March
The letter from
"5926
to
without
stockholders
common
never
stock,
Second
February
its
1456.
p;
L." Johnson.
•"2 258
'47,864
is
-
present
'
on
164, p.
rials,
$894,323
(netDr)
income.
oper.
ry.
They
V''
petition
6% cumulative preferred stock,
exchanged for 4%
convertible preferred stock,
basis of six shares of 4% stock for each share of
the
for
order
7,567
Osborn
'
the
will be available for general cor¬
porate purposes and will be added to the conmany's working capital
pending specific allocation thereof.
On Nov. 29, 1946 the company
purchased from The Cleveland Pneumatic Tool Co. the assets of its
Rock Drill Division consisting principally of Inventories of raw mate¬
221,875
7,276
rents
fac.
signed
.
of
of the outstanding
PURPOSE—Entire
$1,123,765
to be held
18,311
company's petition.
the ground that
on
235,000
"
75,646
24,050
D.
taxes
payable
245,000
The
'
the
opinion
opportunity
been
Ended Dec.
Mos.
Dated
$1,603,765
370,000
326,000
five
152,773
common
new
■,
$1,500,000 (3%, 314%, 3V2%) debentures at 100 and int.
2,872,398
175,000
A
234.042
20,736
80,969
102
-
other
taxes
$2,387,803
1;627,601
12
Le
$4,476,163
3,369,814
120,000
on
1945
1946
proposed
The Wisconsin Co. and The Milwaukee
ry.
Kellett Aircraft
Report—
the
no
Industries—75%
The
new
Net
1947—2 Mos.—1946
220,000
tax
fy.
Net
Wabash Coke & Warehouse Co subs.)
denial
the
their
Earned per common
"..fr,. ■■
r.
the
—V.
being retained
being serviced
171,000
; .4v
"
denying
in
had
Extraordinary charges
possesions—less than .one car
cars,
accruals
—V.
—v.
said
opinion,
remaining
Common
23,901
order
concur
had
Net income
$^.777
8,630
charges.
the
of
■
to
on
init'al
An
Etc.—
Railway oper. income
Equip, rents (net Dt).~
38,267
f
the
$886,205.—V,
agent.
Reserve
$1,045,361
from
operations
Joint
income—
operating
after
23,204
.
i_—_—— _______——-—
7Va%
Lambelrt Co. (& Subfc.)r-Earnings—
Other
50
.
of
March -28.—V.
145,684
expenses --1—— —
lease of operating property
stock:
j
Federal income taxes-
$220,778
and
addition
in
has
$20,
Income
1947—Month—1946
expenses
L;
221
$240,534
allocated
.
that
of
at.Frankford,
*$380,638
$2,655,564
1,610,203
revenues
oper.
revenue
be
.
the
dends of $25
delivery to customers, Mr. Frazer said.
Net
would
of an amended plan.
' :
• ;v,
opinion shows that the just claims of present
amounting to $5,286,205 as of Jan. 1, 1947, exceed
assets of $4,784,191, against which capital stock may
France
change
.
'
revenues—
and
redemption
*$239,713
distributor-owned
oper.
$220,999
These
other
6%
1946
'>:■
revenues
issued.
was
and who have received dividends far in
$100,
Cr299,800 Cr2,045,000
•
Period End. Feb. 28—
1947
stock
.
.
Railway
$240,775
Month of January—
-
be
l'-
•
amount
The
Corp.—Shipments,
Railway
Indiana Associated Telephone Corp.—rEarnings-
the
of
present
Maltbie's
to
par
xi'V
V"; •'.
'"
.
:.s> atr Centralia, HI.—V. 1G&,
when „the
stockholders
According
.
L
structure
capital
holders
the
La
^
'
.
the
of
amended
an
Exchanged—Remainder Called for Redemption—Initial
Dividend on 4% Preferred Stock—
The other 23,515 cars pro¬
duced to date, he added,'are in the hands Of the public.
•. • ;:,.
Mr.''Frazer said the corooration's. production currently is around
Illinois. Central RR.—Orders 1,000 Cars-—
350 a day." Shortage of engines, he said, has been the limiting factor
This company has placed orders with the American Car h Foundry
in production growth for the past four months.
This limitation, he
Co. and General American Transportation Uorp. for 1,000 hopper cars r;
declared,
gradually is;; being removed by expanding
production at
to be delivered this year.
The cost of the cars will exceed $3,500,000,
Kai.ser-Frazer's Detroit engine plant, leased on March 2 for five years
the railroad reported.
'
L:: \i .
from the Continental Motcrs Corp.
The output of the Detroit plant
1
These orders are in addition to 100 covered hopper cars now being
augments the; supply; of engines built for Kaiser-Fraser
at Cont¬
delivered from the Pullman-Standard plant at Birmingham, Ala.> and
inental's plant at Muskegon, Mich.—V. 165, p. 1316.
403 open-top hopper cars ordered from the General American Compahy's East Chicago plant for delivery beginning in June.
The railKansas City Southern lty.—Earningsroad also began work on March 1 on 450 hopper cars in its own shops
lor
disapproved
have
Eddy did not
value
par
the
1947—6 Mos.—1946
$13,336
1
and
as.demonstrators
has
*
opinion
concluded
stocks
beehr elected President, succeeding his father,
who becomes Chairman of the
board.—V. 1C0,
.
dealer
the
York
New
Brewstef, Burritt and Arkwrlght voted in favor of the
company's
On
•
i,
'
approximately 75%
3,541 Kaiser and Frazer cars in their
'dealer.
of
company,
482,000
Joseph W. Frazer, President,; on March 18 reported that .the com¬
shippea 27,056 automobiles from Willow Run, Mich., and that
firm's 4 084 distributors and dealers on Maich 17 had an aggregate
Of
Pre¬
to
the
y,', J,: V
V;vvy
hand, the holders of the three series of outstanding
preferred have an investmeht representing $4,400,000 in the preferred
616,813
140,033
1
would
issued.
or
the
per
Com¬
State
Unjust
as
submission
property,
pany has
*
Amendments
686.
p.
York
the company's earnings before the established
preferred shareholders have been satisfied.
'
according
606,025
$66,536
"1,795,713
53,200 Crl,556,000
"
*...
*
165,
Co.—New
.1071.
p.
Kaiser-Frazer
of
Henry C. Flower, Jr., - Vice-President and
Thompson Co. has been elected a director.
s
its
4%
par)
substantial
Commission
He
;
2,621,036
1947—3 Mos.—1346
taxes
Yardley,
-
offering.—V,
reorganization
added,
Minority Interests
-ftome-tiife Insurance Co. (N^ Y;)—New Director-—
.
the
.
$5,269,331
^Yufdley-has
Farnham
or
tvacuum
'
taxes—__
165,
the
company
the
,
the
be
.1946
Jeiikins Brothers—New President—
Alfred:
voting stock of any subsidiary corporation formed by the companv,
and not whollv owned bv the company, which proposes to enter the
high
the
Chairman
*
•prOfit_L^_l'—L-LL;':
"Loss,—V.
of the common :
jj;
%
before
for Fed.
($100
to participate in
cf
preferred
to
on
additional shares of any new issue of common
stock of the company at the price of 5 cents per share, as to entitle
it-to 25%' 0f the total amount Of such common stock out~t*nding.
\
The company has also granted to the F. J.
Stokes Machine Co.
1953:;
profit
Prov.
date, .to purchase such
Dec.. 16,
..
period End. Jan. 31—
chase from the -company 25% of the common stock of the company
outstanding at any time, at 5 cents per share.
This option expires
on Dec. 16, 1951.
If the-company is recapitalized,' the F. J. Stokes i
Machine Co. has-the option, exercisable within one year after such
recapitalization, or on or before Dec. 31, 1951, whichever is the later ">
pi;an option;.exoiring
to
The
such common stock outstanding.
has
Co.
with
preferred
454,308
:_L—.l«.,L
-'V
«
withdrawn
shares
plan but he voted for the order disapproving the plan.
-IF.; L.) Jacobs Co.—Earnings-
of the
the total amount of
of
-v
for
Commissioner
'
This option expires on Jan. 16, 1957.;
company, Mr. Spurrier retains
i the right to purchase such additional shares of any new issue of j
>.
common
stock of' - the company at 5 cents per share as to entitle
the price of 5 cents per share.
the event of recapitalization
In
<
-
Commission
S.
Chairman's
40,322
§ee Be rium Steel; Corp. above.—V. 162, p. 459
;
the
of
Disapproves
Comissioners
Jacobs AircTaft Engine Co.—Sold—
Vice-President, has been granted an
time, to purchase, from the company, 15%
company
outstanding at any time at
any
public
a
County. Lighting
par
share.
6,564
Stockholders—
stock.
other
&
expense,
Ll
J ►
authority 'to
for
24
Commission's decision is contained in an opinion by Chairman
R.,Maltbie who set forth facts pertaining to the various classes
stockholders, the company's property and earnings. He takes issue
with the SEC which has approved a plan
whereby present common
$943,459
~c~
&
-L—
1316.
p.
Jan.
for
The
.
$1,140,194
funded debt—
on
Amortiz.
filed
SEC
Milo
;
32,894
*57,500 shs.
Executive
at
stock
paid
b
income
Interest
the
convertible preferred and 174,625 shares ($10 par) common
the stockholders who planned to sc.l the shares do not
faced
claims
10,000 shs.
103,000
on
said
P.
allowed
of •
$1,107,299
Other
round
second
;
asked
statement
stockholders
v 1947
$5,718,173
-
-
operating • earningsi'__
OpfeWtlng expenses and maintenance
State
Federal inc. & exo. profits taxes—.—..
•
Other
its
2288.
p.
has
Commission
the
>
common
Chamber
■
accorains 10 maturity.
has granted
..of the
the
the Brazllian-Americah Asso-
Of
entered
asserted,
losses.
Common
stockholders, however,
already received dividends amounting to"
2Vu times the stated value of their stock, which represented no funds
'fV'aA—Triicfc
'■
'°
walsev
OPTIONS—Upon the sale of all the securities now offered,-company
to Parrish & Co. the option to purchase 2,500 shares
t
p.
both
164,
proposed
are
the
and has
Haisey, Stuart St Co. Inc., 99.529 for 2 ,8&. V, 160, p. 628,
tpwa Southern Utilities of Delaware—Earnings—
""Includes 2,500^shares sold to Parrish & Co. as additional under¬
writing compensation, but excludes 42,500 shares representing options
held by F. J. Stokes Machine Co.
(25,000 shares); Dawson Spurrier
-(15,000 shares); and Parrish & Co. (2,500'shares).
j
in
directors
of
okaw
•
rv
1456
p
years
Second Vice-President of
:::y
a
-
10,000 shs.
La
165
'
,
than 20
more
of
board
company, a subsidiary of tne Long Island Lighting Co.
The
Commission
said
the
plan as proposed is unjust to
preferred Stockholders: These stockholders, the Commission
br^ f,LS9'?5tt;o B ^!VinMterest cost ®f 2;2565* Tnwn°on1)tJer i?!?s.wer!
-Outstanding
.
\
directot
a
plan
$
tfaw
iPan American Society and the Chile
the
and
The
,
-Provision
;
stock
Common
V
■
Wallace
nine
proceed with
ferred
'
'
'
LOrp. —New *
communications industry
the
60?— i1
$2 332
Vice-President. He has been
elected
System for
It
to
Kings
'
'
business
GIVING EFFECT TO PRESENT ISSUE
CAPITALIZATION,
Preferred
?
-
/
The certificates'which mature April 15, 1948^62, were awarded on a
weds, and working capital, $115,530.
s
wish
2Vs% equipment trust certificates at prices tO yield front
.
^
Reserve
(d)
*
»
stuck.
current
Cnrn
leiegrapn
as
__
operating .expenses,
;
cumulative
in.rsiai®. 7K* (P
£PStS, Vi
Harrimari Ripley & Co. On March 19 offered $2,700,000
.
.
«;«•."%«
in
member of
a
"
j
including any compensation for services, $17,250;
fb): Laboratory equipment and facilitiesy-$39,O0O;
'
(c) Budget to cover anticipated losses for first year of operations,
^
•
T.
&
experience
rTntpr<;tnt<*
hot
«
•*
T.
I.
Asociation
elation —V.
■
own-laboratory facilities become available.
Pre-incorporation,
(a)
■.
(
extensive
American
..
.; PURFOSte*--The^prbceeds toXbe derived'^
the sale of the securities now offered amounting: to. $215,280 (less estimated expenses of
$3^500), will, be used for the following purposes in the following esti-
y
.
the
caoitalof'
TpWrnnh
Ar
leiepnone
corporation"in February, 1944.
Mr. Jaoob is
President of
the
continue
Will
t
mission
and
'
IWhhonp
domestic and foreign. fields; He became
leasehold with
CO.
.
.
1946.
$3 548 900
workS
net
30,
Nov.
were
'
'
,
with
on
1946
the
section
"until, the company's
,l
;
.
.
registration
1945
■
ice-President—
on a number of contracts already
feetuted by fhe company involving high--vacuum impregnation process.
This
.
associated
£•: of the P. J. Stokes Machine'Co.
y
F
30
ieaviM^
'
653
p
outstanding
of Nov
^4 LeQriard ,Jacob, Jlia^beeir
:
^
shares
as
*nwnauonai,
•
•
purchase, a-one-'Story industrial building located in thq
- of
Philadelphia, Pa.
A high vacuum nrocess research laboratory and pilot-plant will be promptly installed in this
building which it is expected will be ready for' actual operation during
19.47,
Meanwhile / arrangements have
been
made
to
have certain
laboratory work done for the company in the research laboratory
option
'.
assets
.
.
co.hWnues,-^imit;;fts ■ activities to these fields.
xvJF
^company proposes entering into a four-yqar
the
163
cor-
a
vacuum
northeast
current
v
.
company
equipment in addition to doing laboratory research and
engineering in this field.
The F. J. Stokes Machine Co. will work
with company, in
th^high. vacuum Impregnation fields above set forth
and the company will, So long as its present arrangement with Stokes
,y
■
■
;
387,282
$1.03
and
rope
Co.,
•
»
.
election
W.
of
company
.*
•
$4,844,254
2^1 ^
containers;
articles contaming
and
Stokes
the
955.553
$2.62
•:;<>> '■Based on'364,864
-
high
%,
•
istration
$8,559,319
and- industrial
belting
J;
packing
Ij'?•' pqration which has been actively engaged for more than 15 years; out
1
66
*?d manufacturing
y;;
Efiingham B. MotrH
empowered them to continue
and
V,
,
Kingan & Co., inc., Indlianapolis-~Tol Withdraw Reg¬
Statement—
f .:
Etc.—
'"V -'
:u.__—L————i__
manufacturef !- :
;in conjunction with this plan, the
contract
a
asbestos
sales
slate
a
York.—V.
New
Net profit aft2r inconie and excess profits taxes
"Profit P^r share——_——.-a—..——
and
the
vacuum
handbags
rubber
as
cordage; arid fibre glass.
•
of
connection- with the; manufacture of;
fabrics.'used in
<
and
fields:
asbestos
and
/,
■
-
-
for
when
17
holders
,
_
;
trustees
as
company,
Kellett, President, submitted to stock¬
members, which include, In addition to
himself, W. W. Brinkerhoff, President of Air Carriers Supplied Corp.;
Sidney G. Edwards, -attorney; Charles E. Hunter, President of Hunter
Manufacturing.-Corp.; Robert L. Johnson, President of Temple Uni¬
i
versity; C. S. Jones, President of Casey Jones School of Aeronautics;
W. Paul Jones, Vice-President of Philco
Corp.; Aliver H. Payne, Chair¬
man of Liberty Aircraft
Corp. and Galen van Meter of Reynolds & Co.,
W
.
preferred stock and 450 shares of "common stock at ipar-to a single >< :•'
„i
-n'
u
^
n
•
investor.;; Since the date of the prior public offering, an additional V
International -Furniture Co.—Earnings—
12,700 shares of common stock have been sold to~ the management /
-Years Ended Nov. 30—1946
'•
'
the
contest
March
«' first mortgage 4%
sinking fund bonds due April 1, 1950,
reserve-for maintenance, $58,609; $3 cumulative preferred
stock (authorized and issued 23,400 shares of no par value)
$1170'000; common stock (issued 167,000 shares par value 50c per share),
a»d capital surplus; $2,347,053; earned surplus, $549,759; total, $3,10P,795.—V. 164, p.. 3202.
$595,000;
.
to
common
of
'
"
at $25.15 per.-*
:
Industrial Gas Co.—To Change Name,
at par l2,150.gee National r
l
100 shares of
Corp. belOW.
stock -and .three shares- or Common stock'
the -public offering, the company sold
Prior
unit.
v/
■/
covering the proposed public offering of
stock and 30.000 shares Of common stock.
.10,000 shares of preferred
..pursuant! theJreto;- "the^ company' kold 70(1-shares <preferred
and 2,100 shares- Of common stock in units cuhsisting oi one
..
•!
hffprpH
arp
■
-
.
time, the Court appointed
Skilling
President of Company Proposes New Board—■
•
TilGSG SGCiiritiG*?
unit
P
At that
R.
■
.
1:Dpr
Paul
operation of
'■
liabilities, including Federal income taxes payable over the year 1947
of common stock (par 5c) in. units Of one share Of pre-1- $136,326;-' customers' deposits including interest refundable only on
-ferred stoick and three shares Of common stock at $25.15
^continuance of, service, $95,890; customers' advances for construe-
i\f
and
'■
'"V" ■"
/*v.i-"*buildings & equipment.:'(after reserve for depreciation of $1,771,145)'
High Vacuum Processes,' Inc.—Stocks Offered—Par^$4'932'945fvtotai, $5,109,795.
;
rish & Co. on March 7 offered 9,200 shares of rion-^'V--v>iBABIFCTIES^"Accoun<;s' payable. $150,512; dividends on cumulative
Cumulative' yieieiica stock VP«r» $25) ana 27 fion chnrp*
and
='Pr^rred end ^common stock declared but unclaimed, $1,155; accrued
CUrnuldi ve Dreferred stout., (nar
*4,OUU snares
:
c..;
recently failed in other respects to carry out the wishes of the board."
The corporation last October filed a
petition in the Federal- District
at Philadelphia seeking reorganization under
chapter 10 of the
.
company is negotiating With thO First Natidrial Battk of Boston/.
ASSETS-—Cash, $459,471'; U4 S. Government securities $95 OCiD* speNational Shawmut Bank and New England Mutual Insurance "Co. for f cial deposits, $6,456; accounts receivable, including unbilled'gas'sales
a :• $2,000,000
10-year loan to refund present temporary borrowings.^"(less reserves for doubtful accounts), $273,571; inventories
$221 834*
-The loan will be repayable at the rate of $100,000 every six months^-PreF$idinsurance' $10,577; accrued interest receivable, $2,090; deferred'
•};p and will,carry an average interest rate of 3.05% >-V. 164, p. 2546. i.v-'V\'Acharges,
$7,344; cost of woik in progress not allocated, $oU7; lands
■•Hv\The-
1591
;
Oct.
3,
1916.
manufacture
of
PROPERTY—Company
In 1916 the company
small four-cylinder
a
was
■
FINANCIAL CHRONICLE
THE COMMERCIAL &
and
?the
of
/ Recently
company began the manufacture
Cleveland
Division . through ,,the
purchase of
*.
15-years
^c^dri"s at
the
:
This
Co.
Tool
Pneumatic
acquisition enabled the company rto - begin the_ manufacture and
of
these
products at a much earlier date than would have
iZ1/ '•■
sale
been
such tools
of
follows:
as
/.;//"•»:■.>»
■
/'/*'■
•'".////
.«■
/ Hi
;//*.,
Gross
^
'
'
•
claims
Years End. Sept. 30
f-*
1946 Z yf «
1945 ;
: 1944
$7,516,399 $18,269,352 $24,741,888
—
.
in gross
Total!
$8,569,502 $18,633,158 $24,741,888
1,131,000
$2,552,315
Renegotiation refund—
sales & terminaclaims _—
goods sold__:—
Net
,
2,136,345
of
Selling
1
__'
expenses
203,417
,
91,111
Admin. & gen'l expenses
dqubtful apcts.
Pro.v. far
l.Jj'OQ
.
t
$454,323
12,567
85,948
76,638
W 100,984
;
Net profit
398,449
'
44,300
165,348
1,395,760
:
22,034
■
acid
■
'.v..' (';'i.
k;;:
j
i5~o~66o
/ •"
_
120,060
C
/
//////;///;//
of
the
etc.
expenses,
1945/V
hew
A
its
Z'1944
Total
unit,
nitric
it
since
for
the
keeping
the
is
expected,
AAF
$4,262,492
$5,242,557
$4,075,630
"2,100,975
/ >4,828,925
3,692,708
250,000
2,583,607
/ 250,000
$1,299,819
$1,241,934
t,/, 543,395
425,000
and
the
lines
advanced
most
has
just
the
at
or
rate
'
Wholly-Owned
(Incl.
in
905,659
•
^603,773
,/
543,395
241,509
$8.91
v;
.
241,509/, / 241,509 c/
/ $5.00
$5.38
•
241,509
As
BALANCE
SHEET,
31,
OCT.
v
1946.-
Oper.
Y
banks
and
on
hand, $4,131,074; U. S. Govt,
and accrued interest, $922,346; accounts receivable,
$6,133,106;
investments,
$137,551;
property,
in
?
for depreciation and amortization
charges
deferred
to
future
operations,
/,,,
//•
.
,/•'•'/•
'
part
134
1944,
i P-80s will
roll
one
until
day
a
,
of
Rent
directors
have
/v.v.
declared
YEARS
Div.—
ENDED
AUG.
Leslie
Salt
dividend
sales
Net
/- ;
■
Co.^-Earnings—
Years Ended Oct. 31—
of-25
cents
per
' 1944'
.'/.
1943
Gen.
admin.
ar.d
,
1945
1944
1943
$3,700,672
$3,460,749
1,888,781
1,750,550
$3,187,028
:
1,610,344
/and
Loss
bperating
/ / 360,485
/
315,101
255,980
238,551
Other
income
income
—
Federal
$1,260,465
income
"
1
2,402,757
690,415.
'
40,894,055
15,748,022
14,137,010
59,443,388
56,563,109
49,859,667
assets
/_/—
income
298,381
305,558
Fed.
246,880
exc.
$1,228,266
$1,024,250
120,888
173,900
Pref.
3,341,585
In
46,014
$1,385,603
41,671
$1,349,154
income
69,452
57,109
502,029
767,900
/ 716,167
472,187
1,253,500/
515,313
'
1,204,967
.257,67^ f .275,*335
1,417,011
Net
$712,423
Dividends paid
466,080
$246,343
$80,821
291,300
$2.89
/
—_
466,080
$107,933
291,300
233.040
233,040
$1.98
$2.42
Common
466,080
$97,456
$2.46
Shares
Shares
of
_/_/
surplus
capital
-
IVi/vi
stock
'
($10 par)
Earnings
/■/•,/
—____
per
share-—
•' BALANCE SHEET, OCT. 31, 1946
V
/
•On
3,358,590
606,438
ASSETS—Cash and cash items, $863,491; United States obligations,
$298,000;
accounts
receivable, $338,472;
inventories,
$545,177;
real
estate, $268,111; capital stock of affiliates, $189,386; other investments,
$88,627;
assets
total,
(less
depreciation),
$7,213,042.
"
,
$4,462,350;
,
/
:
3,429,034
5,453,286
15,786,584
be
deferred
items,
(market
:
v''/:/';-///./'•■';'./
LIABILITIES—Accounts, payable, $47,390;: accrued
liabilities, $149,provision for Federal taxes on income, $494,583; capital stock
i<$10
par),
$2,913 000;
capital
surplus.
$2,730,523;
earned
surplus,
$877,819; total, $7,213,042,—V. 163, p. 905.
/// : / '.: /
///■/. •/
Lever Brothers Co.—Contracts With Union—
and
and
new
the
comprehensive
International
master
Chemical
agreement
Workers
between
Union,
A
F
this
82,542
89,103
109,212
275,829
120,851
101,271
62,028
732,588
286,556
120,086
the
17,958,945
12,913,369
8,248,588
6,951,017
5,100,327
—
14,517,256
6,710,689
5,055,327
1,685,109
13,422,853
6,672,287
.International
>
The
.
1947
between
job
winter
five
and
associated
specified
each
1947,
of
two
with
cents
orogram
cents
an
in
the
Lever
salaried
of
hour
and
will
for
for
for
15
termination
employment.
Mr; Luckn?an also
employees
below
provides
result
in
three-week
summer—for
Brothers
circumstances,
year
an
which
hour;
$3.52
debentures
profits
$2.55
retired.
credits
in
/;
(After
amount
of
for
employees
years
the
additional
adoption
wage
vacations—one
$9,255,580), $9,254,000; U.
S.
(cfirrent
carryback
or
allowances
who
more;
of
a
have
and,
the
been
under
week's, pay
announced that effective: March 9,
the $5,000 bracket in Lever
offices,
fiotice
a
■
to
Valueless
*
v
holders" of
old
se»
holders
of
old
(i.e.
pre-reorganization)
to
securities
participate in the
due
1,
may
common
1950;
stock,
par
preference
value
$5
in
stock,
per
the
$3
share;
and,
series,
-•/;
'
scrip
foregoing classes of
•
/;
agent/on
j dnd the
the
or
cash
1
;
x
•
extent
that
or, prior1: to July 21/ 1947, such securities!
holders will not be entitled to receive, thewhich the plan of reorganization
provided
new
'
their
common
Life
in
company
Insurance
1946
Co.
(N.
reported
a
gain
in
Y.)—Reports for
1945.
Admitted
assets
increase
in
of
rose
force
insurance,
paia-for
new
compared
with
at
the
end
of
1946
amounted
$28,087,660 for the year.—V.
164,
to
$176,399,690, an.
3293.
p.
Marfchant Calculating Machine
Co.- -Earnings—
/
\ • ■: r/•' ■: ■ .// ,>, "
1947
VV
Calendar Years—
profit
Net profit
from
after
$25,-
////■■• ::;./..///
from $36,725,107 to
$40,945,826.
;
sales
__
1946
/
$9,609,125
Earned
per
161,
charges and taxes
common
share
'
769.
p.
u
>
_—
$6,926,237
1,715.916
617,183
$2.72
r
—
$7.57
•■";--7----
Massachusetts Investors Trust, Boston-Registers with
SEC—
Sanders & Co.
at
cost:
p.
Series
Savings Bonds
foreign Gov't securities—
redemption value), $7,381,835;
at cost: (foreign mkt. value
$90,500), $96,348; notes receivable, $32,190;
accounts receivable, $5,967,814; inventories—at cost:
$83,677,349; ■ ad¬
to outside
.
//'■/v
///•■/ ..///•
v'
c?^he^°mKLa"L0n.March
19 filed a registration statement With the
?hare* of beneficial interest. Underwriters, Vance,
Boston.-Offering price will
1407.
.•
cosi;
.'*■■
Ui
n
SrnSiLm
LtP
®
in
"
-r'f't.-.-ly';
Y'
(Inc.)—Modernizing Plants-r-
now estimated at $9,500,000, according to qforg'e
This estimate does not include alteration lSt
g0VerI?ment ammonia plant..at Lake Charles,' La.
Proin,t
started in 1945, will probably be completed
Prod"ction of caustic soda and soda ash/both ofwhich
.
Presid.ent-
in/
market.—V.J 165,
on
■,
the present plant
modernization and expansion'
program
^.the company is
The
be based
■'■■■
Mathieson Alkali Works
■
iq47
'
critically
short
supply,
will
be
substantially
increased. *
LIABILITIES—Accounts
,
payable and accruals, $9,023,937; accrued
interest, $226,791; domestic and foreign taxes, $18,461,285; due to
"foreign banks, $612,048; funded debt payments due within one
year,
$2,501,528;
due to affiliated
corporations, $18,726;
securities from
tenants, film rentals and other deferred credits, $1,669,776; premium
received
on
debentures
(net>, $582,923; reserve for general contingen¬
$2,021,774; funded debt (net), $41,912,640; wholly owned subsidi¬
ary's preferred stock, $731,500;
capital stock (5,100,327 shares no par),
$45,209,051; earned surplus, $95,351,443; total, $218,323,421.—V.
165,
p. 1317.'
; /■ ; ' / /.•
/.■■ */
■ /". ■ •■
•.
iZusWeffo/fi JLZc/rprJf„ced/he 8r°W'ng d«"ln4
aL^.y,the increase in
by the
assured
Louisville Gas & Electric Co.
-
Electric. output
totaled
1947,
corresponding
the
52
weeks
compared
crease
of
of
33,648,000
the
with
week
ended
this
company
kwh.,
last
March
1,381,124,000
11.8%.—V. 165, p.
compared
as
year,
15,
(Ky.)—Weekly Output
for- the week ended MarcfcolK
an
1947,
kwh.
1457.
for
with
increase
totaled
the
25,379,000
52
of
nearby
weeks,
an/in¬
rayon
ash'5production S*wni °hf ,hiS eSsenilaI The demand
chemlcalproduction
will
be
increased.
at
Saltville 'is»
and'other
plants
asn
shoSaJe
oMhk
for
nan"
outnut
output
industry
Product
livhf
ash
in.
wipr°haUCm°ri'
be made
war and the continuing
in other industrial markets provide an'outlet
i1 "ndertermined percentage of
dense ash
will
of
for
n^^M3 b^lfc during the
into
the
Southwest, according to
to
supply
Mr
Dolan
kwj^rifQr
of 32.6%, QutpuWfffr
1,544,022,000 kwh« i*s
previous
caustic soda production
increasing demands
ash
of
gains
in
»
.
II, Treasurer,; In
value;
Insurance
$8.01;
$8.01
deducting
$484,377.
cies,
Union.
covering the contract year beginning March 14,
beginning of the 14th year of contractual rela¬
company and the A F of L, establishes a general
10
evaluation
averaging
for
this
increase
wage
a
Workers
Securities
v
on
•;"'//y'/:/1
of
new agreement,
and marking the
tions
"
Chemical
-Old
v
nci1? i^rP,ases and re^vals, of $37,210,271
—V.
—
excess
value
•
1,675,213
out¬
___—_
and
1946
-
new
the
925,956 in
368,619
inc.—
producers, $225,244; due from affiliated corporations,
/ $9,043; net assets in continental Europe, $649,098; investments and
other assets: $12,964,639; fixed assets (after reserve for
depreciation
of $32,991,120), $72,229,150;
excess of investment over book value of
subsidiaries on consolidation,
$870,946; deferred charges, $3,779,577;
total, $218,323,421.
;T.y
company
L, providing
wage increases averaging ^5 cents an
hour, winter vacations and
termination allowances has just been ratified
by production employees
of Lever plants at
Cambridge, Mass.; Baltimore, Md., and Edgewater,
N./J., it was Jointly announced on Marqh 13 by Charles Luckman,
President
of
the
company,
and
H.
A.
Bradley, President of the
"F"
vances
-for
-
to
Robbins, Inc
which
Valueless'
The
660,265
577,689
/•/''j;
CONSOLIDATED BALANCE SHEET "AUG. 31, 1946
ASSETS/— Cash, $21,186,189; U. S. Gov't Securities
727;
A
due
«
.
3946—
549,920
>
/
$159,427/ fixed
bonds
claims
/"1947-
old holdings are convertible into whole
stock, par value $18 per share,' tlm holders
stock will receive not only such new common stock but also
dividends accrued thereon since
July 1, 1941.—V. 165, p. 940. //
ii
3,273,728
1,074,680
—
stock
common
Co.—-February Sales—
corporation, said in part:
Z;
/
/ /,-/ /.■.'/
dated July 20, 1942,
terminating the reorganiza¬
corporation, the court fixed July 21, 1947, as the date
them. ,V>>
all
and
(cash)
&
Manhattan
corps.—
stock
&
decree
new-securities
To
409,401
2,382,248
—_—
divs.
pro¬
638,289
corporations
com.
was
The holders of these securities
are notified that unless
they present
the securities .to Manufacturers
Trust Cq.„ 55 Broad St., New York 15,
954,930
4,837,579
standing (no par)
Earnings per share
recently; it
fi.///•/,i
;
•
representing fractional interests
stock. //'//
//;/://////./
■ /;■/'•
-
Balance,
held
$1,948,471
$1,530,583
those from the State /Street Store/in fphicagp/ stores/iii
debentures,
par
shares of
8,103,346
$574,013 /V Net pro'it
$563,536
stockholders
certificates
•
$576,031
495,210
$1,255,795
securities provided for
by the plan of reorganization.
securities referred to are as follows:
20-Year
5%
con¬
old
Gross
//Net profit
the
without
774,692
t3,444,660
undistributed
$1,214,015
.
Gary, Indiana; and Cincinnati,
in six other Illinois cities;
and
Minneapolis.—V. 165, p. 1071."
'
before
618,753
■7,038,341
partly owned
300,948
■47,545
required to surrender their securities in order
for
.
to prior year
,
meeting of
February—
final
of
or
will
2Q8.68&
567,028
$1,198,150
the
The
8,916,675
3,477,303
3,528,121
' 977,801
applic.
of this
vertible
'A>
$2,457,312
900;568
900,570
■■■;.'■ 300,948: //
1
authorized
Schuyler Merritt,
357,227
8,452,462
563,76?..
taxes
After July 21—
3,140,733
8,844,229
3,507,153
520,706
1,269,119
<
>
Oak Park and Alton, 111.;
Ohio; licensed departments in stores
sales, of Young-Quinlan Co. of
are
9,832,083
affiliates
the
Evanston,
on
taxes
subs,
inc.
annual
/^Inciudfng^^
4,277,235
,
$1,188,192
1.255,795
:
_
Lytton's, Henry C. Lytton
2,419,965
.3,097,544
—
/"""
pe«ou___
//
•Sales of co., its subs, and licensed
departments
2,614,347
taxes—
divs.
the
Month of
••
2,887,121
profits taxesinterest Share
Minority
$1,207,281
$2,463,077
B
distribution of
3,583,114
80,000
capital stock be increased from 1,000,000
1,500,000 shares of the par value of 50. cents eacn.—V. 165,
p. 640.fr
2,686,537
•
3,125
Y
Luscombe Airplane Corp^—To Increase Capitalization
2,473,574
7,530,089
3,275
/ >' 74,000
;
common___i_._'_/i/—^
tion
3,136,499
2,372,588
paid & bond,;
&
expense-/
/ Spec, foreign film ver¬
sions
charged
off___
Adjustm't of leaseholds
upon retire, of bonds
-Depr. of bldgs. & equip.
taxeSi_i_i./__/__
,
407,662
fixed
of
V,
taxes)™/—
Income
surplus
curities
1,092,187
income
common
42,168,335
-
58.291
'
than
Federal
,
45,134,252
' 547,537
43,466 f
______
A
•
tux_^__
Deductions from
<
notes
Additional franch.
183,552/
$1,157,714
$1,258,239
102,751 .'■/■I 127,364
income
-
16,939,025
Miscellaneous deductions
// Total
)
,
sale
on
affiliated
Net
717,233
expense
Federal
exps._
643,765
discount
1946
/ handling expenses
2,556.836
j
.4,861
/
$1,329,609
/
48,011,731
(Loew's, Inc.)
$1,328,023
expenses—
'
$1,324,742
3,281
.
B
$
:
3,239,118
.
1945
;
$1,324,742
securities.™
class
V-!"a•i"»
18,965,149
prop./-
i
class
to
D
2,778,381 / 2,631,077
3,157,726
Govt,
8
At
53,275,072
>
^i./
administrative
(other
posed- that
other
and
and
McKesson
—
leased
S.
1946
&
on
/■//, ,//-'•-^/Y/;,//;/ /■ •Premium
■/-/;
'
,
plan.
and
debs,
on
-'".-.o"'-v., -V.V.,'!<•' '*i ''»•)!'
3,118,778
on
bonds,
mtges.
and .notes payableAmort.
of
tyond disc'.tv.
share on
March 24.
$3,566,491
1,792,312
1
Cost, of goods sold-—__
'Selling, warehouse and
retire,
(Ky.)___.
U.
/■
'•
,•
Louisville, Gas
on
31
em¬
—
on
>'"'«•
-s-
exp._Z
of
Balance, end of period-Y
—V. 165, p. 1193.
;■
share of film
i payable
.
Pay' 25-Cent Common Div.—
common stock, payable April
1 to holders of record
/This compares with 10 cents per share paid on Jan. 2, 1946: none since.
V. 164, p. 2548.
-
I
1402, A
/the
•/-
■
Subs/ And,'7Affiliated, Cos.)
Y/v/ 1945-
1946
V4
.'
'-1''>-
v
stock
revenues
Taxes
r;
FOR
642,726.
to
Co.
Additional Fed.
Int.
LL9,. ,p.
a
356,532
1193.
common
on
Total
advertising
estate
taxes
Int.
The
on
Interest
,
films__
admin.
ployees'
$18,589,949.—V. 165, p. 812..
Co.-v-_Successor Pays Liquidating
and
distribut.
of
film
and
Real
,
/ rLeland Electric Co.—To
stock
Dividends
189,500,620 176,178,682 166,656,760 157,927,360
—™
Contributions
$5), $1,500,000; capital surplus, $5,364,384; surplus, $7,845,707;
Reacquired ca> itai stock
(58;491 snares at cost), Dr$820,437;
total,
>Cp. ibelow.rtV.
$838,996
preferred
\
1948.—V.
: u> /•,. ■/"///
.
'1,024,302
rentals
Gen.
Vpar
Verona
to
62,618
Lockheed
fall
the
off
3,318,462
__
(incl.
exp.) ___!
film
Pioducers'
payable,- $1,249,412; accrued expenses and
taxes pajable, $1,342,542; provision for Federal and state
iricome taxes
(net), $88,575; dividend declared, $241,509; operating
-Reserves, $278,257; reserve for contingencies, $1,500,000; capital stock
See
$1,195,528
$1,582,790
p.
of;
3,488,315
1
rental
of
*•
■
accessories
/ ,'/; ///.
'
:
buildings
of
Cost
LIABILITIES—Accounts
Coal
$1,939,322
356,532
508,025
/
.
LAP
Lockheed from the A/
and will bring to 1,066 the
Partly-Owned
—
theatres
of
film
withholding
Leland
165,
Total
films, etc. 181,669,542 169,177,022 160,604,311 152,203,111
Amortization
reserves
$4,268,646;
$18,589,949.
of
income
office
Oper.
inventories,
total,
14,834
$176,339
_
am¬
by
:::
income
Total
-
$74,348;
1,920
$184,737
applicable
Electric
force to meet
more of the very
.
fpnf.ulfl
Other Income
> $5.14
'Special amortization of certified emergency facilities claimed under
provisions of tax. laws. .. 'v. / =/■ ■
/ '/v'///. ;''■///;>':-//'//■/;!
$5.515 281),
67,773
Cr46
Dividends
ACCOUNT
and
Miscellaneous Income
>
acceleration
of
sales
&
Rent
plant and equipment (after
2,052
Cr71
plane with greater
Net income
announced on Y / Balance beeinnine" of" DeViod"
Forces.
order,
on
of
V* >///;•/'';" Y Y/.'
rpnftinfff
Shares
/.ASSETS—Cash
2,446,
$2,040,488
502,220
I—Earnings—
.
";;:
INCOME
.!
securities, at cost,
$2,032,750
49,441 "'/;/• 7,738
/
$2,507,395
deduct.
fighting
purchased
received
flown
delivered
/S
':
/-. -Y
$1,206,594
CONSOLIDATED
.
$2,457,954
$220,348
1 42,003
'
.41,550
was
Air
Army
1
-,
■v
$228,662
,
Years Ended Dec. 31—
Ltfew's, Inc.—Annual Report-
1,226,973
;
$2,153,338
capital stk. outstanding (par $5)____
E.arnings per share—__
106
construct.
Provision for
fourth
first
was
P-80s
CONSOLIDATED
Dividends paid
74
income
Divis.
57,546
■V,
$220,242
289,151
and
to
Balance
Fighter
■
$2,922,879;
int.
Dividends
'••V.'":
will be completed by
Corp.—Produces /New
the
the
was
plane
of
165/p. 75.
$4,018,084
and state
income
$228,588
^__
debt discount
chgd.
-V.
$2,032,750
expenses
Net
•
this corporation
contract
number
$4,679,313
income
V income -taxes
Contingent resenie
'■Special amort.zation__;
■
Int.
/./,/
plant.
P-80 Shooting Star fighter
resistance to battle damage
more
by
emergency;
The
60,782
'
Net
and
.
256,958
'*/• Drl,897
under
were
acid plant in May, 1947, and the new
plant by April, 1947.—V. 165, p. 540.
Aircraft
and
program
any
$5,181,775
/
129,181
income
Prov. for Fed.
the
jet-propelled
14
assembly
*-•
of
Sales
of
Other
volume was
chemical division
construction projeqts
high speed «raft for $8*681,96<h
1943
99,335
$4,163,157
$4,550,132
profit,
(net).—.
Operating
Other
cracking
new
—
goods,
Amort,
department
sales
major
chemical
'
firepower
;$32,150,137 $28,365,322 $27,448,418 $25,236,489
general /"v.
■/'Z/;//://;•'//.'
22,266,643
21,218,404
___• 27,600,005 /24,202,165
sales.
three
the
at
Lockheed
INCOME ACCOUNT/ YEARS ENDED OCT. 31
1946
Cost
that
Plane—
I Lee Rubber & Tire Corp.—Annual Report—
^^CONSOLIDATED
plant
catalytic
March
Net,
said
monium nitrate pelleting
::
30,000
Cojnmon dividends—,.
r—V. „165, p;' ,1193.
256,958
$2,459,851
leased
Gross income /___
Interest on mtge. bonds
13,
Barton
early fall,
$591,590
$481,163 /
$250,958
18,750
$65,357
;
plant
21,413.
$220,242
others
General
Referred' dividends—
21,413
/ $228,581
revenues—
Operating income
Other income,
sold,
1,766,615
.
.
from
to
1946) totaled 159,370 tons, consisting of anhydrous
ammonia, ammonium nitrate fertilizer, and aqua ammonia.
Unde¬
veloped leasehold acreage of
domestic
oil
rights
was
reported at
587,298 acres. In addition to its operations in the south and southwest,
the company will conduct an active search for crude oil reserves in
Colorado, Utah and Wyoming in 1947. ^
nitric
$2,829,849
•/"' 471,644
$132,209
Prqv, for taxes on inc.-
22,552
$540,271
12J.965
$2,275,37a
:,.i
income
charges—______
oil
(initiated May
The
Total
Other
Inc.
oper.
H.
way at the end of the
year—a 4,500-barrel-per-day ."cat
cracker"
at the El Dorado refinery, a
pelleting and bagging plant, and a new
$2,728,865
$2,198,734
income
Other
Net
subsidiary for 1946
and its
company
approp.
of utility plant
acquisition adjustm'ts
income to substantial increases in volumes of refined products
crude
Col.
—.
$119,642
profit
T.
res.
1945
c
-
—
'/fiross
this
of
294,335,185
gallons,
and
station
37.6%
over
that reported In
1945.
$8,569,502 $18,633,158 $23,610,888
7,155,198
15,396,583
20,033,292
560,965
689,235
671,133
283,866
344,706
284,948
,3,900
3,900
r:
3,900;
$2,552,315
/// tion
income
highs,'Col.
taxes
Amort,
—
--
of
r
Cost
:
after
increased prices received for products, and the
'entrance of the company into the petroleum chemical field.',
/
■/
Refined oil sales by the company in 1946 reached an all-time high
363,806
1,053,103
net
record
new
and
■___/__/_/
«i
income
1947—12 Mos
$1,299,061'i. $1,197,717 $13,751,028 $13,588 540
KOI ono
fi flKK
683,808
544,395
6,866,357
6,969,099
199,256
223,661
2,087,430
1,058,399
80,003
79,006
897,352
875,334
86,000
109,000
1,183,080
2,396,000
V
taxes
retir.
"
1947—Month—1946
Operating expenses
Other
Light Co.-
&
31^ >
revenues //_
Operating
Prop,
'.1945
1946
'/
%
Power
Period End. Jan.
Federal
.
Share—
Barton, President, reported in the
annual report to, stockholders;
',./■• '/•'•// ,".V.Z
" 1
On a per-share basis, the gross was equal to $62.62 and $52.78'for
the respective periods.
Federal and state taxes on income aggregated
$2,022,026, or $3.46 per share in 1946, compared with $16,879, or
4 cents a share in the previous year,: Col. Barton credited the jump
termina-/
contract
tton
.
$2,552,315
sales, less returns
250,000
,
EARNINGS1'
OP
SUMMARY
1Oct. 1, *46 to
'A.*,'??- W./ 'Jan. 18, 47
•
War
,
—
1
—
net
and
Gross
.
set
The Milwaukee Co..,^..
•')
income
Consolidated
/,H
■
V'
-
$36,642,192 $22,963,713
charges & taxes
3,965,779 ■; 1,670,689
Number of common shares outstanding
585,157.; •, ,.435,107
Earnings per common share
••//$6.78
$3.84
Gross
•
f »*<■
•.•
'v
Calendar Years—
Co.-/™_~
Wisconsin
The
Lion Oil Co.—Earned $6.78 Per Common
v
and develop a complete line
//
;•/ •'•/■•.j. ' '
UNDERWRITERS—The names of the principal underwriters and the.
principal amount of debentures to be puicnascu by tnem severally, aie
had it" been necessary to design
as previously planned.:,
possible
Louisiana
that
and
certain^asseta Of . tne
Cleveland
The
of
Division
Drill
Rock
and sales offices would receive, pay^increases of $5 per week,
all such employees who have been with the company- for
or more are entitled to three-week vacations—two weeks in
summer
and one week in the winter.—V. 165, "p. 75,
plants
engine-generator; sets
air compressors,
portable
engines,
gasoline
Monday; March 24, 1947
the
'*
the
soda,
growing
glass
'••»
'
.r
~otureedd ft"
At
>the
—v!° 1(S"
Niagara iRflJS
p
5plairt;'«tR8'i project
1194! an"^unccd i-'sortte" time
lor
doubling
production
ago is virtually completed.
Number 4579
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
.capital
declared
have
directors
The
dividend
a
of
25
cents
on
parity with the present class A and B.preference shares: "
of all unissued A and B preference is Included in the
a
CONSOLIDATED
Cancellation
share
per
on
ASSETS
proposed
outstanding: 50-cent., dividend class A stock, par $1©) payable
Marcfi 29 to holders of record March 19.- Similar payments were made
last year on July 1 and Dec. 28.;;7
n,
>
*
Arrearages on the stock, after payment of the dividend just
declared
will it is understood, amount to $2.62 Va per share as of April 1
1947
__V. 160, p. 730.':;
&
X
plan.*-<\i. yyv-^*
,
1 j-.r> . «)•••
r,*The proceeds of the proposed
financing are to supply funds for: the
three-year expansion program which is costing approximately $6,000,-'
the
:
000.
i.
A
good
portion
sources.—V." 160, p.
Vr 1 ' J.V • ' )'
, V '
•
of
the
2545. •
r";\i 1"
,
cost
has
been
• •" "•
A- •, ^
.
' ':SL
met
out
,ti
-V
•
»•
of
company
'I
**'>.'
.
$3,362,218;
,
accounts
re¬
•Vi;* V'-.-,* "
,
Operating
"
*"
Month of January—
V;
V
L
s 1947
1
Z.^.L..
revenues
$7,077,419
23,374
16,394
-
_
Operating revenues _.,___-L.
1
Operating expenses 1—LI-—LL—.
Operating taxes
•
.
$8,172,099
6,263,725
995,190
*
operating income—
Net after charges—
Net
165,
1194.
p.
L,"
_
...
.
.
$7,061,025
4,653,428
1,160,067
Due
company
for
SEC
March
on
shares
1,000,POO
11
of
filed
letter, of
a
instead
to
common
be
offered
at
12 Vfc
cents
:
stock
H.
Davis
Almstedt
in
of
Securities
shares
of
common
5%
cumulative
stock,
and
in
the
&
Co...
2,000
A.
,2,000
...
Co.,
Gaines, Brodnax ft Brown, Inc.—
Johnson, Lane, Space and Co., Inc.
Kirchofer
&
Arnold,
',
Inc...
Marx & Co
-
Inc.
Meeks
1
The
'
.
,
v
The ICC on, Feb. 3 authorized the
;
the
in
note
principal
amount
of
(1) to issue
company
$5,000,000,
delivered
to evidence
Republic
■the stockholders
National Bank of Dallas, Dallas, Texas,
a
loan
like amount; (2) to procure the authentication and
delivery of not:
exceeding $10,000,000 of prior-lien mortgage 4% gold bonds,\sereis F;
and C3r to pledge • and repledge all or any part of the bonds from "
time-to time as collateral security for the note.
Invitations for bids, for! the loan. were sent to 156
banks, bankers,
Investment houses, and life insurance companies, and request for bids
was published.
In response thereto, one bid was received, that of the
Republic National Bank of Dallas, Dallas, Texas, which bid par at an
the
of
shares
rate ;o£
Interest,
.
The New
,: •
2%%
This bid
per annum.
was
Earned
:2Vi%
;
4,000
iL
•
5%
'(
.500;
vV'-'r*';.;-'•
500
Net
the Oct.
1,
Prov.
:
stock
connection
into
of
the
to
8,084,849
expenses
4,914,306
2,556,189
;
amortization
; .754,680
miscell,, taxes.....^
,533,744
.335,837
amendment.
will
amendment
The
preferred
of
$1
stock
Net
share
of
than
more
85%
r.
quarterly
$1
usual
the
on
will
and
be
of
the
of
.
Power
♦Arrived
and
the
the Commission.
share and the special
stock will be paid April 1
the
on
common
stock
dates.- -V.
same
of
162,
15
p.
cents
rities
Earnings—
Federal
Other
...
$1,924,220
...
419,577
374,079.
5,170,650
4,840,964
282,472
.1276,559
3,146,076
1,636,813
158,924
143,757
1,707,223
125,000
125,000
1,500,000
3,861
retire.
res.
&
investments
;
,
:
utility plant
acquisition
adjusts.
Other
income
Interest
discount
52,736
462,419
$32.29
$870,532
$7,300,181
95,833
1,146,167
1,632,938
•
Other
banks
in
Net
$5.03
150
.
increases,
wage
$178,794
1,670
287
$774,262
&
and
on
$5,850,140
957,534
—V.
165,
p.
to
Light,
& Power
Offer—
Heat
Share
NOV.
2,
1946
Consolidated—Hold-
U.
S.
of
$25
Mr.
Norris,
meeting
per
and
**'•«
all
although
question, it was the belief of
$41
each
and
thus
the
the
shareholders
must
deplore
acceptance
of
decide
the
with
sale
the
the
The*
issue
a
Commission
1,185,920
811,180
676,330
for
the
period
to
1
Oct.
$1.68
-
31,
Dec.
1946
1
to
Dec.
31;
after
1946,
all
charges
based1
on: income,
totaled $2,275,756 which
dividends amounted to $2.74 per com-
shares outstanding
Dec.
on
1946.
31,
mort¬
6%
for
& Oil Corp.—To Sell Bonds-
Corp., (wholly owned subsidiary of. National.Gas
Corp.) on March 17 applied to the SEC for authority to sell
of 15-year sinking fund debentures.
They will be under¬
headed by G. H. Walker & Co. An exemption from
rule has been requested. Prior to filing
of
a
Industrial Gas will change its name to Na¬
by a group
bidding
Gas
&
of
140,614
shares
of
Corp,
National Shirt Shops of Del., Inc.
stock
common
Years Ended Sept. 30—
Net
j.-
,{ >%
-
-
Jx'
of
-
i
Other
Interest
Prov.
profit
9,489,355
■.
8,134,757
charges
for
5-year
V
639,095
9,716,711
§1,876,409
1,118,638
2,515,504
10,835,349
1,114,366
10,975,958
i
•
deducts.
Cost of contract rights
;
repurchased
Other deductions
income
profits
fRecovery
taxes
of
——
944,208
■:/i
•
in
89,356
136;173 '
80,202'
SHEET,
82,500
$0.73
SEPT.
•
30,
1946
on
hand,
$1,287,298;
U.
S.
An¬
Tax
of $6 prior preferred stock—contra, $2,221;
retirement fund—contra, $150,000; total, $4,446,948.J
retirement
for
and
(contra] of $851,548), $293,894; deferred credtis to income,
for contingencies including inventory, $1,219,419; reserve
Notes
reserves
fund—contra, $150,000; $6 prior preferred
stock (par $1); $450,000; surplus,
$1,104,964; total, $4,446,948.—V. 165, p.
and retirement
pension
called—contra, $2,221; common
Cotton CO.j-—Annual, ^Report—
Naumkeag Steam
48,753
-X-145,692
and
banks
1,304,405
•
-.
^
,
"
Ypors End
/
'
T,465,792
/; 719,000
■
•
>
•600,000
♦450,000
1,650,000
taxes.^/ 'prior yrs. .
Crl,080,000 Crl.245,000
-
1,380,000
14,410,000
15,310,000
taxes.
f
.
'
•>. ; ' '
_
Cr478,347
' :
Nov. 30—
Net^sr
102,485
•
85,000
Fed. & State inc.
Excess
646,544
for
stock
ranty on refrigerators /
for depreciation./
BALANCE
25,178
$2.38
.
LIABILITIES—Accounts payable and accruals, $1,226,250; reserve
for Federal income and excess profits taxes (less—U. S. Tax Anticipa¬
$200•
..
war-
Prov.
Sundry
———-
for
deposit
890,715
v
•
share—
other assets,
10,085,243
4,341,781
-
$353,895
5,744
225.000
—//....
miscellaneous current liabilities, $945; fixed assets* (after
depreciation
and amortization of $759,021),
$383,801;
$59,673; unexp( ins. prem., rent adv., etc<, $27,473; cash on
$104,384;
6,073,553
2,083,939
' ;
1,036,095
.!
preferred stock
stock—..
common
ASSETS—Cash
tion
Total
1,140,056
$1,069,927
—
Notes, series C, at cash redemption value (net) $239;039;
merchandise, $2,192,115; accounts receivable—trade and miscellaneous,
.
2,257,842
J
income
$6
-r--;—
$1,389,989
ticipation
'-'/!•'' ,
^
274,436,333 184,936,362
^
reserve
.'15;852,82Z
•
256,765
—;
CONSOLIDATED
and
expenses
tax
common
per
93,300
$1,3&'3,989
$2,210,283
-
-
on
on
181,882
$1,953,519
^i. /"
1
•;
—_—..
income
Dividends
103,445,348 172,922,083 256,584,865 168,777,567
goods sold
advertising
'
-——
-L
income
YEARS ENDED SEPT. 30
1945
*
1944",
1943
*"•••
121,556,012 183,050,533
^
sales
9,573,146
income
Federal
(& Subs.)—Earnings)—
$11,056,436
'
income
',
$15,285,561
amortization—....
and
1945 '
1946 "
-
& selling & gen'l exps. 1 13,150,221
s
Total
Earned
*
ACCOUNT,
INCOME
"»
sold,
Operating profit
Net
(& Subs.)—Earns.—
'
*
......
merch'dise
of
Depreciation
'
Calif.—Registers with
-
sales
Cost
1946
•
>
1945
.
.
1944
:
1943.
$11,471.515, $9,843,423 $10,041,807;$ll,837,^68
CheSlL:846.548::/:354,319 ;/!387,973. J* 42^,294
ifeMWJ .!/. 45 579
49 579
share.—- ;>i ... $3.44
> $1.44
yj.oo
On Seot
14
1945, company's capital structure was changed by a
5-for-l split-up of the outstanding- shares and a corresponding reduc¬
tion of the
value a share from $100 to $20,^ The total number of
-Earnings
per
-
,
J
Net
profit L./JLLL.-^:
paid
—..
L'2,582,274
Dividends
2,152,038
2,492,639
2,145,793
3,065,290
2,145.794
-■
4,115,551:
2,145,799
credit
•Provision
for
postwar
pa?
T shares now
The
of
s
outstanding Is-246,844 shares.
of company,-as at Nov. 30,
shares
$35.53 a share and a
.'V'"'.
.V'tT.
.
—
5,605,896
Industrial Gas
written
reconversion of-plants.
XAfter
§Includes$490,000 in 1944 and $590,000 ip.,1943 for postwar refund.
Moore Corp., Ltd.—Plans New Preferred Issue-—.
x$485,157 in 1946 and $379,846 in 1945, being portion of reserve for,
reconversion expenses returned to income, equal to reconversion costs
The stockholders on April 2 Willi vote pa approving the creation
*md sale of $3,500,000 par value of,,new 4%j preference shares^
1^19406, $3,130,044>Lf945, $2,234,389) included in costs , for the year
in Federal taxes (1946,. $2,644,887; 1945^
The company contemplates authorization-. iqfe ,^5,000,000 cumulative-; Ilbsa?)!applicaW^reduction
SResulting from carry-back "of (estimated) unused excess
'redeemable sinking fund preference!;stock of
par value (including:, 2$1,854^45).
the aboVe 4 %/ series)., This stopkoiwill. rank as to dividends andprofits credit.
-j
v •'S. i|.j
...
taxes.
sinking fund bonds, extended to Oct. 1, 1949,
redemption on April 1, next, at par and Interest.
the Mercantile Trust Co., trustee, Baltimore,
and Redwood Streets, Baltimore, Md.—V. 141, p.
1279.
>
called
competitive
deposit receipt.
Hydro-Electric
1945
*
■
will be made at
& Electric
offer.
recently arranged for a
$112,000,000 credit ; with a group of Canadian banks, so that stock¬
holders desiring cash may be paid immediately.—V. 164, p, 2960.
Quebec
.■
"
sinking fund bonds, extended to Oct. 1...1949,
outstanding Toronto Chain Store Terminals first mort¬
National Gas
The
11
Operating profit
the
1"he .physical assets of the company were expropriated by the Pro¬
government in 1944 by virtue of legislation under the Liberal
ifgimpt'iV^V"v/r:''
"/
//
i Canadian
stockholders of the company soon will be offered formally
$25 r a, share in cash or-the equivalent in Quebec Hydro-Electric Com¬
mission, 2 % ten-year debentures, guaranteed by the Quebec Province.
L- No
formal offer will be made to holders of 300,000 shares held in
the United States, but' those holders will be free to deposit their stock,
to he dealt with at a later date.
By this procedure, and by avoidance
ibf advertising the offer in the United States, officials of the Quebec
Hydro Electric Commission feel that registration with the Securities
and | Exchange Commission
will not be required. • The offer
will
*expirei April 11 and is subject to acceptance by 51% of the shares.
American-shareholders may forward their shares to a Canadian bank,
will
1946
outstanding Springfield Chain Store Terminals first
the
been
Other
March
on
company
admin,
vincial
which
rf
'•{id;
/
i//
preferred
collateral trust
Calverc
Karriman, Ripley & Co. bid $32.07 and Kidder Peabody
See also V. 165, p. 1457.
share.
a
Selling,
the directors that the shares are worth
directors
pi
1946'
(&.Subs.)^-Earnings-
,;•■
taxes
for
gage
pension
that
.i
•
•
1945
of
Payment
by Standard Gas & Electric Co., through competitive bidding
the issue was awarded to Blyth & Co., Inc., on a bid of
••
Cost
of
said
i_.
charges and
have
payable, $1,286,114; sundry deposit and loan
property taxes,
wages,
etc., $1,047,699;
on .Income,
$1,953,393; 15-year 3% deben¬
tkxes
share.
Norris
•;
'
'
collateral trust 6%
gage
Govt, secu¬
value of life insurance,
Inventories,
$12,026,863;/
England represented by equity
in
1946
'
President, on March 7 announced that the annual
shareholders will be held at Montreal, Canada,
on
March
31,
at which time
shareholders will be able to discuss
whether or not to accept the Quebec Hydro-Electric Commission offer
S.
.
v$875,000 v: $690,000
.* $2.06
$2.61'
National Distributing; Properties, * Inc.—Calls Bonds—
'
10,
Co., $31.61.
Net
John
general
»
•,
with net profit of $232,974 for the period Oct. 1 to
and 28 cents per common >share on 676,330 coirirtioh
shares outstanding on Dec. 31, 1945.—V. 165, p. 340.
v
^
other investments, $19,365; capital assets,
deferred charges, $766,570; total, $39,552,910.
Nash-Kelvinator Corp.
Discuss
1947
;
compares
$2,980,934
941.
Montreal
all
Federal
31,
accrued
Federal
CONSOLIDATED
ers
*$276,408
;
provision
Dividends
$4,892,615
: $327,865
,
to
This
filed a registration statement with the
SEC for 7,000
shares of 6% cumulative preferred stock (par $100)
and
10,000 shares of common stock (par $100). Both issues to be
offered at par mainly to employees. Proceeds will be used for construction of plant, purchase of machinery, etc.
$3,938,468
957,534
preferred stock—
;
'n
'
'.sbare^»^^/.«/~^/—X $6.83 ;"
Dec.
provision' for>
$1,299,773;
hand,
operating
$1,470,401;
$190,396;
par)
The
62,151
301,668
*,-1—-
•''' "W ''
mon share on 811,180 common
f
$1;000,000,: ac¬
and
:
2,594,266
2,197
*$82,838
'
taxesLiL^/^^Li
profit for the period Oct.
after
SEC—
:
$845,160
int.
per
including
:
$5,261,000; cash surrender
receivable,
$3,717,833;
connection
In
433,892
——
/
22,349
33,788v,
>.
200,950
$9,796,291 compared with $4,422,591 for the period Oct. 1
to Dec. 31-1945.
•
*
»'
•
v
2,011,175
1,000,000
Mutual Plywood Corp., Oakland,
debt
174
$254,059
$562,603
$28,776,079 ■ $18,766,622
after
amounted
$8,661,715
94,875
—-r— ■
"
♦$77,991
'
/'
^ Consolidated> net /sales
4,913,000
$2.58
BALANCE SHEET,
subsidiaries
assets,
March
•
*$332,911
/ 78,852
Jt
-.-"4,847
<
Oil
13,113
expense-
$556,936
-vr's 5,666 /
■,
Mountain States Power Co.—Sale of Stock—
$941,879
of
&
2,502,937
statement,
3,632
debentures.
on
Amortization
$2,170,026
5,672,094
common
registstration
$8,199,296
bondsI
mtge.
sales
profit
surplus, $11,003,540; total, $39,552,910.—V. 165, p. 576; V. 164, p. 1725.
13,113
income
on
"
-
1,500,000
ft
Gross
Interest
•
$6,229,030
3146.
1,708,774
$7,247,445
(net)
.^.assets
'1947—7 Mos.—1946
.
♦$13#557*
>v
$1,750,000
$867,174
3,358
$938,247
revenues..
current
:
451,529.
3,963
k Cr8,309
.
$7,500,000; reserve for replacement of basic "L'.fo" inventories,
net of
taxes, $542,500; insurance reserve,. $190,063; general reserve,
$200,000; capital stock
1400.000 shares, no par), $15,639,204; earned
(no
oper.
in¬
liabilities
current
net
-Month—1946
*$17,904
-
taxes
165, p. 688.
p.
of
tures,
of
Net
;
i
inc.
tional
-
1356,.
881,448,
Calendar Years—
Earned
6,924,174
1,031,824
1,000,000
facilities,
war
(net), $14,443,416;
for
of
Earnings—
1947
after chargesLand
per common share
No.
limited-term
of
Amort,
of
LIABILITIES—Accounts
reserve
$10.39
of- 1946
close
the
at
consolidated
balance
a
$863,114 : :^ $306,249
income
Net
taxes,
cost),
in
Inc.-
...^
expenses J___
164,
Net
1,031,824
accounts
accounts,
depl.
appropriation
Amort,
.
3,861
...
taxes
Prop,
$1,786,569 $18,788,368 $17,902,821
revenues
expenses
taxes
net
at cost
1947—12 Mos.—1946
1947—r-Month—1946
.
Operating
Operating
(at
$547,690;
investment
Airlines,
state
'/"'All of
in
Montana Power Co.
-
6,903,154:
21,020.
$5.26
Retroactive
follows:
as
CONSOLIDATED
has
$4,895,643
Deducting
shows
National Container Corp,
589,219'
1945 and) from aocelerated amortization' of war facilities.
2151.
cash.
of
profit
—V.
2,104,398
1,000,000
stock.
common
amortization
Federal
ASSETS—Cash
the
46,058
'
$15.06
National Battery Co. (& Subs.)—Earnings-^
1,022,948
1,800,000
:
share
at
of
9 Months Ended Jan; 31—
.
Net
per
preferred
Si
Net
$377,943; total, $1,566,737, was deducted from
$1,707,200 representing claims for refund of Federal income taxes
arising from carry-back of unused excess profits credits and tax loss
by
$1.25
3,904,399
,•
per
celerated
-
Commission
-
profit
deferred
15.
paid
Period End. Jan. 31—
Federal
approved
dividend
share
per
the
to
when
quarterly dividend
declared
Fed.
V 410,313
•150,463
^
Oividends
Earnings
,
46,058 -
...
"
Total.; income
in
and
each
on
the affirmative vote of mote than
'
reported
effective
to holders of record March
The
series
dividend
—_____
Proy. for est. Federal Income taxes
of: the outstanding, preferred stock voted against
,.
be
made
regular
dividend
4.2(1%
special
-a
and
etd.i.i...
j
the' report
Deductions
11,482,839
2,557,205
881,360
deprec.
and
charges, etc..
taxes,
•
,175,973,740,
2,101,001
1,094,359
485,314
352,272
•
Profit'
-
-
common
.^Approximately 1%
vote
of
pay
adopted by
was
outstanding preferred stock.and
stock!.
-
outstanding"
The
share
one
therewith
preferred stock
been
oh sabs
Can.
$14,159,370
603,683
: 478,61.1'
Net opera ting revenue
•$18,333:, ♦$145,280;
Other income
^.__
•./'/:
430 ■$r<l 67,290?
Nov. 3, '45 Oct. 28, '44
Offer—
R. M. Heskett, .President, on March 17 announced that at a special
stockholders' meeting the proposed. amendment, to the certificate of
incorporation to reclassify each outstanding share of 5% series pre¬
ferred
:
158,264,379 187,456,579
Miscellaneous income
/•
the
2, *46
3,904,390
for
Property
Interest
1940, and subsequent
Montana-Dakota Utilities Co.—Exchange
68%
profit
*
1945
$14,569,560
current, assets
revenues
•Loss.—V.
153,569,492
revenues..^
Selling, gen. and admin,
and
Gross income
.
beginning April 1, 1947,: must carry
fcoupons.—V. 165, p. 1318.
of
operating
-
Co,—Earnings—
—L.
Period End. Jam 31—
Earned
Gross
1,
The
and
Jan.
,
^
$1,097,051
Operating
Operating
1947.
Cost of sales and operating expenses 145,484,643 153,350,073:
bonds, series A, due 1967, on surrender of the coupon due
1940, at the Chemical Bank & Trust Co., New York, N. Y..
Exchange directs that the bonds be quoted ex-interest 2 Va% '
on April i, 1947; that the bonds shall continue to be dealt in
-flat,"
and
to
be a delivery in settlement of Exchange contracts made
'
sales
pay-,
equal
reserves,
share.....
National
the
Nov.
of
.
-
after Fed.
$1,520,789,
^,000
.
15 voted by a large majority to split-up
basis, by increasing the authorized
Fiscal Years Ended—
accounts,
reserve
incomes-estimated, $1,154,373; notes
annual Instalments beginning
six
amounting to 13,374,854.—V. 158, p.
.
COMPARATIVE INCOME,STATEMENT (Incl. Domestic.Subs.)
-
on
in
shares
Consolidated
of
2,000
•
4 '■
par
24,
taxes
(due
»-L,
per
cluded
,
lkl50
above distribution, there will remain 400,000 shares still
.V-'.L. ■/>
The New York Stock Exchange on March 14 ruled that the capital
stock
be
not
qupted ex .said distribution
until further notice.
gold
April
k
■
Adjustment Mortgage 5s-—
on
York Stack' Exchange has received notice that Interest of
be paid on April
1,
1S47, on the adjustment mortgage
will
no
and
(less
*
two-for-one
a
State
sales
Common
1,500
'/• X';x: 2,000
Value froip 400,000. shares ta 1,200,000;
issuing.oho additional -share on April 3, 1947, to stock-;
and
After
v
\
March
on
on
shares of
reserves
$12,000,000;
Net profit
5.000
•
.
Unissued.
accepted, subject to
approval.*
our
of
holders of record March
,
interest
capital stock
number
advances
accounts
$1,424,963; buildings, equipment, and
for depreciation of
$12,292,292), $19,-
"Calendar Years—-
(John) Morrell'& Co.—StcckvDrstribution Ratifiedi—
the
to
to
1948),
Net
9,000
,
promissory/
a
be
to
and
cost,
Nashua Gummed & Coated Paper
5,000
500
.
(after
traveling
investments
land—at
'
\
1,000
•"
500/ " (.if/u'■£*>?',jW.
/
cost
banks
'
1457/'
p.
'•'
miscellaneous
and
'
f
'
*
Robinson-Humphrey Co.______r_
Shropshire &;:Compariy„L4;.;i.I.L^.'.L'.>
Stein Bros: ■ & Boyce>_/.ZZtLLLLLLLLis;;
Stubbs, Smith ft Lombarao, lhc,LiLL
Thornton, Mohr ft Co.L^lLLLLLL$LLM^
Woolfolkr Huggins ft Shober—„
—VZ 165,
i.'
250
____
years—estimated,
$1,080,000;
Inventories—at
iirst-out) or market, $27,332,536; investments
subsidiaries, $4,355,382; cash surrender vaipe .of
$2,455,467; capital stock (par $5),
$21,705,550; capital surplus, $6,438,441; earned surplus, $21,284,204;
total, $86,291,618.—V. 165, p. 214.
.•
i,5oo
500
....
&
prior
to
..
750
Mason-Hagan,
-Gordon
employees, $16,275; trade
$82,509), $6,926,032; billings on
of
reserve
cost
$3,361,992),
to
(flrst-in,
able
31,
,5,000
soo
.
sale
*
,
1,300
1,000
■
of
cost
advances
Federal
-t.
X't
15,000
'
1,300
•_
for
1946
price,
,
15,000
'
!
/
250
Inc
XXX:
;
.
2,000
-a—
Evans &
15,000
(less
30,
securities—at
market
247,208; patents and goodwill, $2; prepaid taxes, insurance,
auvertising,
and other expenses,
$656,136; total, $86,291,618.
' v
;
/- ;*•;
LIABILITIES—Notes payable to banks—Instalment due Jan.
31, 1947;
$2,000,000; accounts payable, $18,310,151; accrued expenses, $943,433;
,
XcxX.
;
taxes
of
and
dies—at
of
shares
of
receivable
$38,678;>
pre¬
issue
our
number
Savings Bonds
$8,663), $209,680;
the
amongst
as
S.
SEPT.
Government
quoted
loo msurance> $309,890; employees'
Corp.
Missouri-Kansas-Texas RR.—Securities Authorized—
•;
:
shares
Brothers
Clement
,
There have been called for redemption oil June
% next through
operation of the sinking fund, $19,000 of first mortgage 33/4% coupon
bonds dated JUne l; 1936i at 104 and interest.
Payment will be made
at the First Trust Co. of Saint ~
'
Paul, trustee, Fiist National Bank
Building, St. Paul, Minn.—V, 163, p. 1570.
-
-
85,000
Union
mentioned
was
16,000
Johnston, Lemon & Co.—
a
f
and
the
of
Equitable Securities Corp..-i_L-LL—
Paul
Jesse R. Foster and Carl W. Harrell, both of
and officers and. directors of the company. Proceeds will be"
used for payment of debt and for mine development.—V.
163, p. 3420.
Redemption—
underwriters
of
name
17, The underwriters of the stocks
underwritten by each are as Joliows;
Seattle,
Minnesota Transfer Ry.—Partial
typographical error the
Equitable Securities Corp.
-Number of Shares——
Preferred
Common
Underwriters,
share.
of
ferred
the '.
with
a
March
;
$913,184 $1,247,530
$99,043;
1,242,547
J
notification
to
principal
Mines Operating, Inc., Seattle, Wash.—Files with SEC
The
lower
—Correction—Equitable v Securities
Corp.,
Principal
Underwriter for Stocks, Not Union Securities /
Corp.—
1946
$8,195,373
Uncollectiblederating revenues—.
—V.
Moore-Handley Hardware Co., Inc., Birmingham, Ala.
Telephone Co.—Earnings
U»
SHEET,
UV S.
cost-plus-fixed-fee contracts (terminated),
$753,081; accounts receivable
unconsolidated subsidiaries,
$21,925; refundable Federal excess
'
profits
Michigan Bell
BALANCE
$20,557,580;
*o<Loao<:«ued interest (aggregate
'Vr'
J,
Cash,
-
excess
profits t«
BALANCE SHEET,
NOV.
value-"Of
1946>'/had a book value qr.
$20.37 a share. ^ ^ ^
30, 1946
-r..'J "
net quick asset value of
THE COMMERCIAL & FINANCIAL CHRONICLE
1594
tion
(alter
items, $79,068; .total,
of $3,760,087), $3,585,279.;
depreciation
for
reserve
$9,847,833.
LIABILITIES—Accounts
,
the
prepaid
last
customers'
deposits,
$10,395; accrued expenses, $139,143; reserve for Federal income taxes,
s$592,738; other reserves, $72,633; reserve for contingencies, $76,315;
capital stock ($20 par), $4,936,880; earned surplus, $3,504,782, capital
surplus, $343,998; total, $9,847,833.—V. 165, p. 1198.
,
'
paid
1946
year
,
.
$170,950;
payable,
$1
15
England
About
The
Gas
Bonds
on
Electric
&
Association- -To
31—Public
March
April 2.
'J
The
Association
preferred
that
has
Y
24,
that
notices
1947
fixed
U.
common" stock at
new
D.
Campbell,
President
the
the
with
group
whom
be
to
are
completed
for
Rule
U50
which
has
been
Court Approves
granted
SEC.
in
U.
S.
District
1
,
v \
Court March
10
new
shares
common
will
be
165, p. 1458.
has
at
$511,119
issued
for
the
motor passenger
1,000
$1,202,181
$113,224
'$379,051
>
at
cars
cost
a
The
to
kwh.
for
road
at
March
18
Haven
on
New
to
sell property
received
spend
of
the
U.
nxotor
•
»
corresponding
week
Earnings
$17,600;
Dress
Co.
(e)
In' Port Chester,
property
i
-
property
for $12,000;
•
output for the March 14 week is reported at
189,861,000 cu. ft.,
of
42,618,000 cu.
ft., or 28.94%
above
production of
147,243,000 cu. ft. for the corresponding week a
year ago.^-V. "165,
p. 1458.
4
to
the
,
increase
(f )
for
Sell 11
L.
-
.
in
acres
New
Haven
&
O.
('
" it '
h
S.
-
'
*
'
The
Association
week
in
ended
the
March
week
The
reports
ended
15,
number
1947,
March
ago.—V.
figure
increase of
an
165,
1946,
for
11.65%
week
the
has
company
$16,500,000
lien stock.
series
available
the
1947
,,
filed
cash
amended
an
proceeds
of
plan
industrial
the
on
basis
with
the
SEC
to
retire
assets
of
$120
and
to
share
a
for.
at
common
the
New
initial
public
England
taken
stock
of
Service
ffering price
1
Public
Public
Service will
by prior lien holders, at
"
$7v,>
Assuming
Month of
January—
revenues
Uncollectible
.1
r ;
established
New
by
competitive
& Telegraph
operating
revenues
Net
9,267,993
p.
New Orleans Public
Service
Federal
revenues.
taxes
Prop,
retire,
Net
oper.
Other
•
Int.
,
about
to
June
and
Halsey,
Stuart
&
—V,
164,
$381,440
with
$15,152,370,
or
$1.77
100,934
$213,673
pfd. stock-, for period
'
been
included
$'2,460,637
North
American
Corporate
in
net
*
to
1S43, compared
income
of
$16,938,681,
or
with
North
$1.93
$1,732,534
corporate net
The
North
subject to the
Commission.
i
;"The
necessary
; "
Chesapeake
Mr
of
&
The
serve
represent
the
authorization
by
Chesapeake
the
on
&
Interstate
:
_
Robert
the rail¬
Ohio
Ry.,
that
he had
been
Commerce
mailed
not
informed
„arch„19, Messrs. Young
? 'jue^ew.
to that
end
F,
will
Central to join
be
filed shortly
and Bowman accepted
its board of directors.
with
the
New York,
Chicago & St. Louis
The
directors
on
March
18
declared
Davabfe Anri^is to holders of
April 15 i^h1 Mt0ck'fseries Arecord
payable
e
company
a
011
ICC.—V,
a
dividend of
$5
per
invitation
application
1196
Electric
of
$1.50
account of
31.
•
share,
share
accumulations,
On Jan.
which,
per
10
The
this
vear-
tog'ether
with
k
It
maps.
in
which
Co:
"alone
share, the
'
•
'
:
85,726,260
100,537,287
common
funded
debt
;
payable,
within
.c
;
and
accrued
liabilities.—^—
by custqmei;3 TOr construction
its
-
includes
North
pages
of
Other
American
has
large
traditionally
recognized /as
Electric Illuminating
Co.
Four
Railway
other
and
reserves
Co.,
utilities
(subsidiaries
of
2,378,418
'
10,384,135
57,934,379
4,481,212
10,170,000
2,8.42,264
'1,214,496
49,424,176
52,740,362
STATEMENT
(NORTH
AMERICAN CO. ALONE)
"
...
'
/
7
subsidiaries consolidated; $17,010,364 $13,559,732
of Wash. Ry. & El. Co.*__
2,021,285
2,073,113
of Pacific Gas & Elec. Co.
2,419,687
786,259
30,688
34,331
common
stock
On
common
stock
Interest income:
'
,
/
.
.
On
advances
Other
to and
v—'
notes
of
subs,
consol.
For
the.
or
Elec-'.
V 14,375
52,950
—
v.:
v
'
666
:92,300
..
-
I
.
1945)
1946
,
„
_
On
%
.
860,323,144 853,548,091
On stocks of
i
'
2,598,521
194,189,783
6,459,000
4,187,807
1,604,496
_£j.
_
1946
and
1,761,295
2,356,435
•
4,440,067
pfd. stocks of subsidiaries—surplus
Calendar Yearfr—
amount
Union
Co.
2,291,280
9,910,524
58,243,671
on
Dividend income:
North vAmerican,
Electric
" 6,781,973
n
property
of
direct
£5,688,803
:
v
.
of
7,775,000
10,329,073
-
<
2,676,865
Total.
stock
each
on
!
-
-
deprec. & retire, of prop. & plant-_ 204,366,889
conting. losses on invest, in transpor¬
Earned
American
subsidiaries."
'
3,653,038.
for
Premium
of'
representing the
of
100,749,587,,
9,025,000
investments and contingencies--:
casualties and .insurance
For postwar
adjustments
earnings'
difference
85,726,260
10,062,958 : 10,062,958
,4,521,887 ;
4,645,293
37,625,000
45,125,000
For
•
.
,
par)__
excess
current
For
basis
for
1,023,082
1,246,463
~~~77T
860,323,144 853,548,091
'
property
state¬
1945.
1,237,323
"992,540
accrued
Total
income,
'
£_
Federal
income
tax_i__£__£
'
Other
taxes —
Interest on bank
Dividends
on
Balance for
Earnings
Wis¬
1,183,077
705,000
1,016,017
685,000
■
207,693
loan
pfd.
notes
stock
divs.
com.
per share
of
,
;
the
and
/
company-
;
158,744
871,404
'
,486,860
3,472,604
•
surplus_^I___£_£ $16,938,681 $12,370,670
$1.98:;
$1.44
of common stock__I_£_*_l__ *
BALANCE SHEET
North
—^
$19,905,855 $18,189,895
Expenses
x^x/v.r',<£;:xvx-;
Cleveland
Power
in
6,702,146 )
2,554,049
-' 950,669
.
subsidiaries—.233,562,750 234,637.750
and
Contributions
Res.
$12,370,670, or $1.44 a common share."
report is colorfully illustrated with
interesting
Washington
.
(NORTH AMERICAN CO.), DEC. 31
•
,
•
Light & Power Co., in which the North
American Co. has",
1946
a
1945, •
major interest)
are:
Illinois
Power Co.,
£7 ASSETS—'
the Kansas Power and
Light Co., Missouri Power &
•:%:■£.■&.) $ r •;
Securities of subsidiaries consolidated:
Light Co. and_ Northern Natural Gas Co.
■'"r';J
In "his
letter
to
Common stocks—Union Electric Co.
stockholders, E. L. Shea, President, says North'
of Mo.—'. 61,840,781 :( 61,840,781,
American's electric
companies in 1946 served the
St.
Louis County Gas Co.__—
greatest' number of*
4,100,000
4,100,000
customers in their history and sold
Wisconsin Electric Power Co..
morp electricity to the average home at a lower
30,868,03!),3Q,8u8,039?
average price per kilowatt hour than ever
Cleveland Electric
before. Vx
Illuminating Co.-———
38,417,339 • 38,417,339
The
construction program calls for an
West Kentucky Coal
ll Co.._-____—_______™_
outlay of $182,000,000; of
which $69,000,000 is
3,801,542";. 3,801,542
scheduled for 1947'.
Other
It will increase the
subsidiaries
350,001
350,001
generating
capacity of the companies-by
Preferred stocks
680,000 kilowatts, or 25%.
These prop¬
3,075,742
3,075,742
erties are
currently adding new customers at the rate
Advances to and notes of subs, consol.
of more than1,744,660
1,671,163'
3,000 monthly, ....
Securities of North American Lt. & Pwr.
'":V;•/,.'■
J
■» ft c-'>i r-'rh'
Co.:
The report points out that
Common stock
only $33,875,000 of l3/4% bank loans
22,211,603
22,211,603
now
stand ahead of
Preferred stock
,North American's common stoGk, compared with
4,157,044
4,157,044
$52,625,000 bank loans at the end of 1945
Debentures
(incl. uncollected
and $135,136,950 debentures
interest)
5,183,023 ,,4,873,736
and preferred stock
Securities of affiliates not consolidated:
outstanding six years ago.
"■
V:7
.
■
-
'
.
Proceeds
from
the
sale
Illuminating
RR.—$1.50 Dividend—
dividend
properties
are;
American
March
paid
the
An
165, p.
will
■
■
—
loans
other
,
was
and
Missouri,
of
a^share
•
and .maint. -»8,906,006
on'funded debt« ;1 Cr65,001
less prem,
Preferred stocks of subsidiaries^
com¬
income
803,402
6,073,185 *
351,329
506,059
—
Proxies,
be
'
;
,
that Messrs.
Young
Bowman, Chairman and
President, respectively, of the Chesapeake
& Ohio Ry.,
promptly will file applications with the ICC
for authori¬
zation to serve as
directors of the New York Central
RR.
annual
meeting of the New York Central
stockholders is set for
May 28.
which must include the
names of new
directors,
later than 30
days prior to the meeting date.
cents
American
a
American
Ohio
and
four
Co.
consin
holdings.v'
added
charts
trie
R.
the
Metzman
American
subsidiaries
that
Ry. Co., as beneficial owner of
400,000
capital stock of tile New York
Central RR.," Mr. Metz¬
man
said, "had requested that it be
accorded representation on the
board of directors of
the
New York Central.
It has long
been • the
New York Central's
policy to recognize the
propriety of representation
on
the part of such
large
shares
income
principal utilities
indirect investments.
of Directors—
March 18 announced
had been invite'd to
23
business
RR.—Young and Bowman Offered
on
consolidated
between this item and
consolidated, net income
which North American left in
the
eight
Metzman, President,
Co.'s
North
stock
common
$2,102,081
369,547
369,547
in
j
U,149,254
-
for
subsidiary, have
a
■
1,776,948
-
5,544,023
___l„___
Total
,
amounted
-
•
share, for
The proportion
of
Light
&
Power's
consolidated
applicable to North America's
holdings
(allocated
on
the
making provision for one year's dividends on the
preferred
Light & Power) was equal to 39 cents a share of
305,432
$2,091,090
and Robert J. Bowman
board of directors
to
road's
bid
-
12,193,412
": 305:460
supplies^FueliLJiL___-____---,---
INCOME
ment.
$3,475,152
vl, 067,639
261,432
£.
79,037
3416.
Board
common
a
Earnings of North American Light & Power Co.,
1945,
on
Gustav
,
since 1931 and
1945.
$3,374,218
$3,784,028
1,061,909
I 83,680
.
23,649
New York Central
Young
to
solidated net income of
$21,878,611, equal to $2.55 each
8,572,626 shares of pommon stock outstanding. This is
the largest neUincome for any
pares
■
)10,606,194
.1,920,214;
Dividends accrued
1.
1,156,053
* Customers' deposits
„.»_^a.-._j>-_-i...;£_^__££^i:-£;;-2,297,906
on
year
7
—
«_• j
,
and
.LIABILITIES—
Common stock ($10
Interest
offered-for
groups
(customers)
notes"receivable (net)-^="-
.
tation
photographs,
Places
be
North American Co.—Earns
$2.55 a Cpnimou Share—
Best Year Since
1931—Company reports for 1946
132,277
and
receivable
profits, taxes'accrued (net)
11,557,989
Other taxes accrued-^
1—
1 5,883,086
Accounts payable
_1
8,164,035
that Morgan Stanley
t„a
'
31,242,383
10,606,194
For
-
p.
to
1,811,839
-
Matls. and supplies for./construct,
$1,477,614
1,079,419
$3,651,751
notes
Fedv inc. and
and
6,912,"if8l
K
v' one -.year-
_;
[It is expected
nn
and
accounts
Bank
1947,
—
.
$125,000,000 Bonds
90., Inc., will head
"
Balance
15,
^
of.. Washington .Railway; :&)
1——__L:
:i~j*
Co.
-
;
$372,198
9,242
$182,640
applicable
Co.
not
88,659
deductions
income
Dividends
or,
8,773,909
4.360,888
24,274,974
u_i_T_2L« 31,551,675
v..;-.
consolidated:
-
•.
con¬
$294,948
bonds
&
on
Electric
'
:
„^4.
not
Minority interests in common stock and surplus
x; of" subsidiaries—Common
stock
U
Surplus
L
Funded debt of North American Co.-LFunded debt of
13, filed a petition with, the New: York P: S.
authority to issue $125,000,000 of 35-year debenture
dated
6,51$;
Prepaid accts. and other deferred'charges."—' -1,492,058
The proceeds will be used to reimburse the'
company's: treasuryk for
prior capital expenditures, to
repay advances from the American-Tele¬
phone & Telegraph Co., and to
pay for
additions to the company's
-
1,321,699
Inc.—Earnings—
$282,041
12,907
(net)____
mtge.
int.
jy
..
Materials
.
income
on
Net
appro.
revenues__
income
Gross
.Other
___
____
___________
res.
&
1946—Month—1945. / 1946—12 Mos,—1945
$2,686,439
$2,722,943 $31,107,547 $30,922,798
1,853,617
1,642,360
16,983,373
14,609,982 '
Crl07,261
Cr42,370
3,662,637
6,024,702 :■
247,542
258,732
3,159,786
3,182,373
410,500,. ....492,023 £ 3,650,000
3,731,523
taxes £:_L__1___
Other
7,541,053
643,080
'
expenses
/
1,044,038
1196.
Perid End. Dec. 31—
Operating
Operating
be
sale through competitive
bidding.
10,222
981,449
operating income—
charges
165,
$10,350,583
to
the issue.]
after
—V.
bonds,
consol.4
consoD
affiliates
Disct^ and exp. on
cap. stk$; of subs.__,
Organization expense of subsidiaries—
March
company
Commission for
—$11,293,400 $10,340,366
_
Net
The
'
of
Discount and exp.,
.
f 65, p. 688.
—
(sub. not
Common? stock
Other
.-
Commission
Through Compptitivp Bidding
•>
acqounts—ii,4,344,195
; Merchandise
Mr.
1945
13,784
•
at
Chairman,
bidding.
''
' 1947
company's;
shipbuilding,; stock--
Parker, in answer to a question, said it would be "correct
to,as¬
sume that earnings per dollar
volume of work done this year would be
lm than last year because of
higher posts.—'V,
Co.—Earnings—
&:■■■*~
conserve the
New York Telephone Co.—To Sell
adjustment
-
"
Hampshire, taken
__i—„„$11,307,264
—
Operating revenues
Operating expenses
Operating taxes
;
of
pfoperty^jl2Lf£^i2^^2u^'i',!5,689,2.)ft..'.^'3,485,042
acquisition
Accounts
.
,
si
-deposits-2,067,231
-■
contracts.
a<
property~L^L—1^-^--——- 652,207,725
642,881,627
_
•
,
excellent^finahctat;bOhdition>with
surplus of
almost $13,009,000.
N. R. Parker,
Vice-president and:Treasurer; said^
working "capital amounting to 20% to
% of the price of ships "was
necessary to begin work on ships built under Maritime
prior
;2:!.
•
"
,
,
.
'
,
1945*
-;.;r 520,723;
569,523
Common stock.of Pacific. Gas & Electric Co; -^7y967,794"«-,
17,258,196
investments-.—ft 4,317,258
4,237,107
Other investments
^ 5,325,615 '
Cash on hand. and in
bankSuL^iL——-1—;29,526,456 ; 21,385,f22 «
U. S. Govt, -securities, -at cdskl
• 35,239,35$ 1
37,792,364
Peposits for payment of interest and divs., and •
^^
'
• M
Other
Corp.
.
passenger
; *$1,77
Other " security
J
,
.
sell all New
Hampshire common, .not
competitive bidding.—V. .165, p. 1458,,
New England Telephone
Operating
Co.
and
-
]
■
'
^
; x
" ,
;
conservative policy was given as one
reason-why the company
paid only $1.50 in dividends on the founder's stock (the
voting stock)
in 1948 in spite of Ifs
for the
$110 for the $6 series,
plus accrued dividends.
continued payment of current dividends
in full, total amount
payable
is given as $191.31 a
share for $7 series and $171.12 for $6
series.;
Payments are to be made in cash
except where holders choose to
receive
7
The
utilize
its
told
Naval
15,152,370
$2.55
DE£.. 31v'
6^Q77;781
- Co.
building passenger ships.
Stock—
Retirement will be
renewed
'
SHEET,
on dep. with trustees, and other
deposits -.0 3,217,522
Investments (at cost'or less>;->' *
*•
^
^Securities of North American- Light & Power' -•
,
Metten,
year
«
were
finance
BALANCE
'
their annual meeting held on March 19.
J.
F.
said additional shipbuilding. is imperative if-the
United States is to keep its
place as a maritime nation, and shipbuild-ing companies rpust have ample funds to finance the
initial-stages of .
was
a
,
to
holders
8,
capital
18,624,974
3,472,604
21,878,611
23,889,963
.' i, Net excess of carrying value oFTirvestmentsin -Uii?;
securities af subs, over /underiyirrg -asset
Zi?l; valueat datesof: acquisifloni22__—-5>
-
The management of this company intends to
60,824,027:
corresponding week
.
'
" '
■
*
•.
March
for
surplus—
-stock-i—:j—
Funds
New; York Shipbuilding Co.—To Conserve
Capital for
Future Shlppiulding Contracts—
England Public Service Co.- -To Use
$16,500,000
to Retire Prior Lien
The
ended
the
over
.
New
hours
compared with
increase of 12.6%.
an
the
1458.
p.
kilowatt
63,529,531,
as
16,
comparable
69,287,917,
of
Other
Plant
*
Association—Weekly Output—*
common
and
intangible utility ,prpperty^i24222iii222Li;!i
Co,*
-
New England Power
:
of
utility
tangible
««•!—
Securities
Y.,
to Connecticut*: Tire: Salvage
$22,000.r-V. 165, p. 1318.
share
per
£ 7( -Other, subsidiaries
.
*
,
dividends
common
v194S--
<•
cost
Devis
'
16,668,893
ASSETS—*,
Property ai\d plant:'Utility .subsidiaries;,
.
„
N.
E.
33,882,457
1
5,257.483
"ZlZlS,
;
•
in Middletown
28,111,207
5,771,250
^38,547,504
revenupfc£^ai^L_.a-x-i?
CONSOLIDATED
-
Sell
for
;;
a
,V':v%-•••;<>:
Gas
an
Sell ;Ledman
2,027,342
17,698,643
'
34,264,244
"'4,283,260
-
and
(c) Renew motbr equipment on 104
ear§ ahd^railer;qa?k' |i?7a
Of $2,400,000;
' v:L,'.^'■ '7".V'"v'/
(d)
1,406,800
18,123,132
dividends-.and surplus^--^—2^_"21,878,611
pfd. stock of North American Co.
on
Balance
and: 36
V ; 'V
•
^
8,473,100
to,.resuming; income tax
-
income
for
3,258,000
of
deductions
Dividends
District.
S.
passenger, cars
»oaannn«
$3
i,9uu,uuu,
for
cars
abandonment
depreciat^^s^^veSLii^^iL
non-operating
Gross
Balance
by Judge, Carroll C. Hincks permit the road; to:,
(b) Purchase 1,000 steel box
•
from
or
11,485,550
Cr680,000
1
Y !" V * ".Y.
permission
saies
Tangible
$9,900,000: .for new equipment
N. Y.; and Connecticut,;.
in fort Chester,
(a). Purchase 10 steel, multiple unit
trailer passenger cars for
$3,600,Q00;
-
the
•'
16,215,675.
.—___
adjustments.—-i—'
operating--.
Total
RR.—To
New Equipment—
The petitions granted
For the week ended March
14, the Association reports electrid putput
of 14,029,712 kwh;
This is an increase of 1,673,118 kwh., or
13.54%
above
production of
12,356,594
Net.
YV'Y/YYYYYYvYYY
Hartford
&
on
75,526,010
13,331,931
15,274,159
:■'
taxes—
taxe3____
reductions.
Total
railroad
Haven
loss
Apprpriations Tor
of
1318.-
income
profits
properties, equivalent
.
.
ago.
Portion-of
^
and 30 trailer passenger cars foj $3,600,000;
cars
for $3,900,900; renew motor equipment'
box
trailer
on
excess
income taxes;
State
175,185,942
79,855,359
13,927,544
15,852,763
-—
Appropriations for postwar
*
Co.
Court
Output—
year
for
and
2,373^28
_
revenues.
expenses
Provisions
,
cars
steel
and
cars
$9,9000,000
'signed
purpose
operating
Maintenance
v
p.
13,366,688
2,028.829
f
Total
'Operating
170
4,319,067
5,893,140
16,890,565
12,733,363
17,025,664
——
^'.Miscellaneous
received
% New York, New
T
4,05o,4l3
6,249,366
Transportation
-
-
*
New
1945
136,239,857. 132,976
—,
1947—2 Mos.—1946
York, New Haven & Hartford RR.-r-Allowed- to
Court
104
1946
^
revenues—Electric
"
has placed an order for 1,000 steel box cars with -the
Pullman-Standard Car Manufacturing Co., to cost $3,900,000.—V. 165,.
77,625 cumulative convertible preferred shares and 3,500,000 common
shares, both with voting power, instead of the
presently outstanding
preferred and common
shares
having no' voting power.
Not
more
1,950,000
MONTHS
Operating
Federal
company
The
authorize
the alternate plan.-^-V.
TWO
.
$2,400,000; sell the Ledman
property in Port Chester, N. Y., for $17,600; sell property
in Middletown, to the L. O. and E. S. Devis
Co., for $12,000;. and .sell
11
acres
in New Haven to the Connecticut Tire
.Salvage Corp, > for
$22,000.
v..
alternate plan of reorganization.
The alternate
plan was approved by the SEC on Feb. 11. Pursuant to its
terms^ the
declaration of trust of
New England
will be amended to
than
surplus—
Equipment—-
Dress
1
-
'
1458.
p.
purchase
on
under¬
order approving an
an
776,162
'."
Plan to Reorganize—
Judge Francis J. W. Ford
.
by' the
FIRST
SUBSIDIARIES)
.
.
'.Ta'xes, other than income taxes—
to
165,
unit
association,
negotiations
(COMPANY AND
24,1947!
STATEMENT
Calendar Years—
T
Jan.
on
permission
from -the United
States »,>
Haven", Conn.,
to spend $3,900,000 for pew £
equipment and to sell property in Port Chester, N. Y., and Connecticut.
;
Petitions granted by Judge Carroll C.
Hincks-permit; the f railroad,
which
is
undergoing reorganization, to: purchase 10 steel, multiple
writing the new preferred and common shares, the latter subject to
the rights of holders of the existing $5.50 preferred.
Mr. Campbell
notes that this is being done under an
exemption from provisions of
f
82,917
oper.
District
INCOME
■w
594,036
Buy
has announced that
the trustees have selected The First First Boston
Corp. and associates
as
320,000
income-,:.
___*
ry.
income
New
<
<
-••••
of'the
one
Federal
share at .the .rate
The Association plans
Underwrite Stocks—
of
any
CONSOLIDATED
the
$5,215,428 $14,600,668 $10,969,720
750,000
87,000
267,000
895,324
321,622
648,990
430,464
1,727,749
1,007,941
'>
197,195
1,368,014
546,993
83,971
165,833
167,942
444,331
Balance
new
First Boston Corp. to
F.
taxes
railway' taxes,—
—V.
certificates
the
during
1945, was made
1947—Month—1946
Sinking funds approp.t.
$9 a
shares for each
issue
income
Net
existing $5.50
record date: for
the
in
declared
AND
$7,110,766
.
share of $5.50 preferred.
representing such rights on the date of the'
bonds and preferred stock, with the subscription
privilege expiring fourteen days thereafter.
* ; ■
to
offering of
S.
Net
the
of
as
FEBRUARY
income
Other
Stock-
it
holders
to
been
has
FOR
Period End. Feb. 28—
-
■..
■
dividend
total declared
'
This
mailed
March
rights to subscribe to the
of five
announced
20
full
first
the
Monday, March
"
EARNINGS
intends to advertise on
Maich 21, 1947 for competitive bids for $22,425,000 of new collateral
trust bonds in accordance with provisions of the recapitalization plan
approved by the Federal Court in Boston on March 10, 1S47,. It is ex¬
pected. that such bids will be opened on March 31, with public offering
by the successful bidden likely to be made on April 2.
Public offering of new convertible preferred stock, by an underwriting
group headed py The First Boston Corp. is also expected on the latter
March
company
brought
f
Seek
of
Offering
1946,
$3, declared in December,
2, 1946.
Gross
New
the
$6,
to
15,
years.
distribution of
A
.,
Bids
April
on
■
share
held)
loans.
of
are
Co.
(which
stckholders at
to
be
price
of
stock
to
$15
of
be
a
the
Cleveland
offered
share
on
Electric-for every five shares of
applied in further,reduction of North
company
expects
to
pay
off its
bank
Thereafter,
American's holdings
American
a
Common
common
proposed
Cleveland
The
mid-year.
of
is
soon
the
to
basis
North
North"
of
American
completely, .by'kbrtli
the management proposes to
distribute
in Washington
Railway and1'Electric Co. !to*
stockholders
without payment
by* them.
one
American's bank
loa.ns
stock
of
Wash.
Ry.
&
El.
Co.______
10,606.194
Electric Co;_J_
6,713,212
Electric
Common stock
Other
Dividends
?
10,606,194
569,523
16,003,.614
473,202
4,624.545
473,202
4,624,545
:
3,724,674
10,691,590
Hi
receivable
Officq, furniture
North
"""■"niir,
Pacific Gas &
security investmentsinvestments
Other
Cash
520,723
of
142,151
]|ih,d,iequipmpntL---------_--:
;1
»£»'ijt'j
J
Total
_—
f
1
-
288,202
:
1
ZZ77Z
209,447,900 211,730.442
(Jofk
„
£°m?m&n
Mr!
Number 4579
Volume 165 *
oar)
($io
THE COMMERCIAL & FINANCIAL CHRONICLE
' ■*
•
""""
notes
«
as im -MM
^l^^^nrren^anT^ccr^e^lIabilities^
~~~
reserves
"
-
.
«
—-V.
loo,
—*"""7
x
p.
"T
<
.
.
,
,
contribution, 50,000 shares of Northwestern's
u
.
merit Withdrawn—
*
registration'statement
The
<No. 6705)-filed with the SEC Aug.-29
Vt 164, p. 1330.
March 12.
'
-
(par $2)
was
•
to earned
P
■
(3) American
*
'(4) Pacific
-
p.
to contribute
proposes:
to
Pacific
'
'
j
LO.
kwh.,
55,774,000
compared
as
with
ended March
15,
kwh.
47,711,000
the
»tically effective upon its
:
interest.
,
oh
1947,
27,
bonds;
permanent
shall
bonds
be
that
Trust
beginning
March
be
may
Co.,
,:/•
exchanged
York,
New
Savings. Bank, .trustee,
for
Y.,
N.
If
adoption by
the favorable vote
extent
at
Harris
the
165,- p.
action of their
upon, either
at
ihe
Trust
1458..
that
&
the
In such
of
the
board
appropriate
respective
the
event,
._
,
„
.
—
'
.
•
' "
*
"
Month of January
Operating revenues
Uncollectible
$6,400,134
operating
revenue—
Operating
<
revenues
nnpratinp.
OnprflHnS
taxp*
of
of
directors
resolutions,
the
is provided,
constituent
the
declare
It
"
Wfit' nnerftfin? incnhifl '
»
Net
alter
^ha?L
cnarges.
^
merger
corporations
agreement
may,
binding
unfavorable
'
by
some
'
'
"
•
Qf 6%
\
The
directors
of $112%
June
share
per
1947
2
Hppiarp.
hoeide?s
22%
.0
..
4%%
.(.*./
1
cumulative
15
share
per
initial
an
retard
of
cents
.,c
declared
11
the
on
to
of
dividend
A
March
on
on
Dreferred
ill?
the
stock
a—,1
f.,
fofaAn°cWpJthL^/Ceo^'
(8) All shares of the 7% and
also
Definitive Bonds Ready—
Definitive
..
ready
for
first
■
*
.
*
mortgage
delivery
National Bank of
mtionai uanK. 01
in
3
bonds,
exchence
3■/,
for
series
"»r«
1973..:
bonds
Y^rk Tl Bioad
11 B?oad
the
tne
at
thp
"
5
now
Lw
ctnnks
nrpfprrpri
nf
i
N orwich &
The ICC
on
"
*..'iua
i'
j
Worcester RK.-—Bonds Authorized
Feb.- 27
the
authorized
to issue
company
Operating expenses
Operating taxes
f
\
'«
...
.
Net. operating income
Net after charges
165,
Ga«
Oklahoma
To
(b)
The
Xr
National
Chase
appointed
1319.
registrar
of
P.
of New York has * been.
$20 par value.-—V. 165,
.
,
_
,
,
financing.—V. 1G5, p. 1459.
of
stock
common
at
$17.50
selling stockholders.—V. 161,
;
p.
•
operating .revenues
-
$696,526
[:-
«*
■.;
?
nnprfttiriff
•"
The ICC on March 10 issued a certificate permitting abandonment,
as to interstate-and foreign comnierce,: by-the'company; of its entire
linef,bL railroad;extending frpm Bethel>to' Standayd^^approximately 10.5
miles, "in. Caldwell and LaSalle Parishes;;La.—V/151, p. 1906. ' v : ;
v.
of
output
March
kwh.,1459. '
this
>.v.
.V.
■
\' After the
•
—.—
TGVGntiGS
9.4%,
Brown has
Good
who
lost
to
and its subsidiaries for the
kwh., an increase of
corresponding week of 1946.—
137,786,000
the
ever
been
appointed Comptroller to succeed M. Emer¬
life
his
in
a
traffic
accident
Industrial
1201.
-.
that
concerns
/,
a
section
received
of
Terminal
..
<
(Ore.)
Guaranty
is
Trust Co.
March
bonds
Realization
,
Corp.—Liquidating
Electric Power Co^—Guaranty Trust
1,
1934
of New York as trustee under the indenture
securing $16,157,600 6% collateral trust income
such bonds that it does not consider the
reorganization recently approved by the SEC and the Federal
Court of Oregon, fair and equitable.
This company has been
since 1939 under Chapter X of the Federal
Bankruptcy Act and the approved plan has been recently submitted to
the bondholders and the holders of certain classes of stock for their
undergoing reorganization
a
approval or rejection on or before April 19, 1947.
*
In brief, the approved plan provides that the holders
1934 bonds will receive for each $1,000 bond, $680 in
43,991
-
.
,
cii ooo
b
.
mon
' ".
Petroleum & Transport Co.-New PreTIp T<?qiied in Exchange for
Stock,
basis
for
an
/
-
present^authorized
of the
plan for merging Northwestern Electric
for; refinancing the outstanding securities of both
brought to the attention of stockholders.
The plan, as
amended, is now before the SEC for final action.
recently
SStSioA' in;
j Under the proposed
issued
amendment,
the new
addition
to
the
by Pacific as the surviving company/will carry a dividend rate
5.%, and will be exchangeable share-for-share for the companies'
outstanding $6 and 6% preferreds, and share-fore-share plus a cash
/
'"v,!.,
_
Penn Mercantile
of,
^
,
The
puna"
PlOperties, Phlla.
Fidelity-Philadelphia Trust Co.,
'
payment
/cases
on
Under
0"
"
"
-
•
-
-■
such as 15%, to determine the fair
equitable distribution of this asset.
objections of the Guaranty Trust
include (1)
the unfairness in such a
The
«
outstanding
the
plan
.
„
.
submitted
last
July,
the
is 5,000,000 shares
dividend
outstanding.—
omsrana g
TonHiarc
^
A<skpd'
trustee, 135 So. Broad a
plan
tbo
accept Portland General Electric Co, stock at an as¬
signed valuation- ($30.50 per share for reorganization Purposes!1
PaJ"
ment Of their claims when the cash for such payment could be obtained
bondholders
•
market value as the
Co. of New York to the
reorganization to require
to
by the sale of the
upon
stock, and (2t the
valuation of $30.50 PfJ.
share,p^®
Portland General-Electric Co; stock is too high as de"l°""
testimony of Guaranty's experts' before;
reflected through the medium of the prevailing maiket pnee
Portland Electric Power Co. Bonds.
O■
the
strated
1them^mission
by the
..
points
out
that no
dividend rate on the
.
Portland
stock can be established until ifter the
mation of the reorganization and the designation ofthe p",thermore
man
board bv the Court as provided for in the plan.
Fuitnermore,
the new board in its determination of a dividend policy must
consideration the transfer of that part of the company's net earnmgs
for 1946 in excess of $2,600,000 to a contingency^ reserve,
Co.
take^into
the expencu
ture
of
capital
west
over $5,000,000 a year for the next three or four yjars
requirements, the power supply situation in the Paciiic won
a reduction in power supplied by B®nne^"e fR1%e COm-
causing
-
-
with
the
preferred,
new
capitalization, in add^t
shares are
of common stock $5 fmr, of which 4,702,944 shaies are
preferred stock, to be ";.,>ee ar°;v\ ■ 1 ' p' l
•
General Electric Co. common
"
ISSuefl in JJiXCnang
of the so-called
cash and 34%
stock. Portland General
Electric
Co.
stock
will have to sell for approximately $32.50 per 1
share for a bondholder to receive the face amount of his claim. While
the Guaranty Trust Co. of New York urges all holders of the bonda
to file the requisite proofs of claim and to exercise their best judgmenti
in voting upon-the plan, it points out that at the hearings before the
SEC and the Federal District Court it objected to the proposed plan
and urged that the plan be. amended to provide for payment in cash
of the bondholders claims for principal and interest out of the pro¬
ceeds of sale'of Portland' General Electric Co. Common Stock, or by
sale of a representative portion of Portland General Electric Co. Com¬
shares of Portland
tn0. mo
hcq ooo
and
^
^
District
(.on _oc
meeting of
is
Stock¬
plan of
i947 '
1946
$13,173,169 $12,181,971
progress
Pacific,
companies,
from
advising holders of
..r.
The
Inquiries
extending
opposed to SEC Reorganization Plan—
dated
/
,
into
several
track
Terminal Realization Corp. below.—V. 161, p. 1468.
-/and as
; Pacific l'ower & Light Co.—Progress oi!
Merger^ and,/;latter «e oflis expected about April
for the
Refinancing—To Sell $29,900,000 Bonds Through Com, The new preferred stock will have voting rights.
The Pan American
2' Guarantv also
petitive'Bidding—
'
J'' '
,
company-t-ia; also*1 prohibited from authorizing or issuing additional
General Electric
i,
November.
to Prosser Junction, N.
the Pennsylvania.
He
Y.,
with
N.
Portland
-
/
in
The
-
Co.
,
44,137
AppiOVea
V
late
with
corporation on Feb. 3, 1947, paid a liquidating dividend of $8
per share to stockholders of record Jan. 23.
Liquidating distributions
of $5 each were made on Jan. 15 and Sept. 3, last year.
One share of stock of this corporation, plus $50 in cash, was issued
;: in exchange for each of the
16,378 shares of preferred -stock of
Pittsburgh Terminal Coal Corp. on April 13, (1945, under a plan of
reorganization of the latter company.
the stockholders on March 18; Henry/ |
M. Bliss,
President,-stated that tonnage shipments of goods this year - ferrCd, Stock
10 OQ
to date have been running at about the same weekly rate as during
pilgrim Properties—
1946," but that because prices had advanced, dollar sales billed were / /The stockholders on March 18 authorized the "creation of 120,000
showing a [ moderate increase.: Sales for the full year 1946 amounted
1 shares of 4% cumulative preferred, $25 par.
to
$78,303,654, jabout 8.5% : below wartime peak sales of $85,610,823 in .' -<• The company-plans to issue up to 120,000 shares of the new stock
1943.-7-V. 165, p.
fin exchange'for the business and substantially all the properties and
T"*"'
assets vof
Pilgrim Exploration Co.
The principal holdings of the
annual
.
W. Findley of Carnegie, Pa., new owner of this railroad,
14 said
that three
small" segments of the 185-mlle. coalliiie had been sold to the Pennsylvania RR. The Sections are
yards at St. Mary's, Pa.; Olean, N. Y., and Farmers Valley, Pa.
The
price paid was not disclosed, but the Pennsylvania bid $238,000 for
the segments when the road, together with coal pits, was sold to Mr.
Findley recently for $1,505,000, who since has disposed of the mines
-
•
,
„
M
March
Pittsburgh
11,534,004 10,020,320
—1,104,442
1,233,641
operating expenses
Operating taxeS———
f,
;
' v
headquarters at Pittsburgh, Pa., has a plant
Allegany, Pa., and additional plants are under construction at
corporation
Dividend—
•$13,129,032^^ $1'2,13'7#980
-
-
Pacific.Mills, Lawrence, Mass.-Sales Highei^-
Co.—Earnings—
Net after charges-al^U--h—^268,us
I^-V. 165/'p. 1459. .
'
'
,
company
amounted
15
or
See' Pittsburgh
; Net operating income.^—---i—
;
"
Harry
.
to date of redemption, $20,-
Uncollectible.operating revenue.
.
,
.
1947—2 Mos.—1946
$984,248
$1,530,676
1947—Month—1946
.
.
Pittsburgh Terminal Coal Corp.—Old Preferred
its 6%'note, due Nov. 25, 1940,
will require the sum of $1,794,500;
balance due on
the
pay
Month of January—
Proceeds go to
share.
2113. ■
v'K!-V-i.'|v ^•
Ouachita~&! North Western RR.—Abandonment—
'
* l
11''?■
•'$
per
;
.
holders Receive Liquidating Dividend—
prior lien gold bonds, 5%
exclusive of accrued Interest, will require the
" pacific Telephone & Telegraph
"
.
:
,
-
\
Osborne Manufacturing Co.—Stock Offered—Pre^cott
& Co., Inc., Cleveland on March 10 offered 5,700 snares
the
to
years
Y.,_ where a connection could
be
made
said definite action may be
held up on the proposals until March 31, when the court-appointed
trustees, Thomas C. Buchanan, of Beaver, Pa., and Robert C. Sproul;
Jr.,sof Pittsburgh, turn over the. property to him.—V. 165, p. 1320. ;/
To redeem, at 104 plus interest to the date of redemption,
700,000-Northwesterh's first mortgage bonds,. 4% Series due 1969,
be assumed by Pacific as a result of the merger, which, exclusive
of accrued interest Will require the sum of $6,968,000.
Hearing "on the-plan Will be held March. 24.—'V. 165, ,p. 1459.
\
succeeding
/':/■'■' V;/fc
Bolivar,
to'
,
debentures
'
$434,390
electric
from
^fc)
Rpffi«?trar
F.lcrtrir fin
Bank of the City
the common stock
in
3296.
p.
income
the preceding year and
Insufficient available net
/to the New Shawmut Mining Co. /'/■'.
'/ Mr. Findley disclosed also that he had
$6
■■k
of
be required;
redeem, at 101% plus interest
outstanding first mortgage and
which, exclusive of accrued interest,
1233.
p.
may
series, due 1955, which,
gUm of $20,858,750;
$30,165'
24,046
$15,472
5,356
,
as
In
earned
hauling
,
(a) To
500 000
-
.
'
•—-V.
caish
$9,850,000 of the 3%% '
Lochiel
said.
The
de¬
Pittsburgh Corning Corp.—New Comptroller—
,
on
,.
$115,124
67,253
17,706
$224,680
186,682
23,526
:—
a /
pay
Pittsburg1,; Shawmut & Northern RR.^-Three Yards
—
—
to
Sold—
.
——
the
extent
164,
Sedalia, Mo.—V, 163, p.
,
Operating revenues
paid
216.
p.
ended
at Port
1
j
there .was
which
from
holders.
convertible
In part because
from net income
„—
The
-
$1,000,000 of
,
income
or
■
Nnrthwpstpm
.
be
since
action
no
net
Manu¬
among
covering
the
to
whole,
shall
B. Ross
jng payment for their shares, will be appraised and paid for in cash in
accordance with the applicable statutes of the State of Washington.
•
in
165,
son
-Any.Northwestern.preferred stockholder who does not file bucU written
objection to such corporate action will be bound by the action of
the majority.
i
t,
first-mortgage 4%%< gold bonds, series B,1 the bonds1 to be sold at
' (9) All shares of Pacific's 7% preferred stock the holders of which
par and accrued interest, and the proceeds applied to the payment
vote ;againsl adoption of the merger agreement, and all shares of
at. maturity of a like principal amount of outstanding first mortgage
Pacific's non-voting $6 preferred stock the holders of which, at or
gold bonds,!series A. v *
- •
'
•
'
^
prior to the taking of the vote upon the merger agreement, dissent
I The report of. the Commission states in part:'
;; v; :
therefrom In; writing will be redeemed at their respective redemption
t
The applicant requested bids folr the sale of the bonds.
In addition,prices,
'
!' ;
- '
' '
copies of the request for bids were mailed to 134 bankers, brokers,
(10) It is proposed that 50,000 shares of Northwestern s common
and insurance
companies on Jan. -18, -1947.
No bids were received •' stock (par $35) (being all of Northwestern's common stock remaining
on or before noon Feb. 5,
1947.
As certain conversations with brokers' " outstanding after the contributions by American to Northwestern of
iindicated it .-might be desiiable to' extend the time for?■ delivey of.
50,000 shares of such common stock) and 1,000,000 shares of Pacific
bids,; an extension was ganted for 24 hours, and notice given to 10 '' common stock (no par), all owned by American, shall be converted
brokerage houses.
However, no bids were delivered within the exten- •
into 500,000 shares of new common stock of the surviving corporation
sion period.
With the approval of the New Haven trustee, the applihaving a stated value of $19 per share,,..
.
-cant then negotiated the sale of the bonds to Adams & Peck at par *
r,r(ll) Incident to the proposed merger Pacific proposes:(a) to issue
and accrued interest at the rate of 4% % per annum, payable' semi1 and sell $29,000,000 of first mortgage bonds, of which $26,900,000 will
annually.—V. 165 p. 1072.
be issued-and sold pursuant to the competitive bidding requirements
>
v v
• ;>•;•.
■'
'
<
■
J
^
of Rule U-50; $2,100,000 will be exchanged for a like principal amount
> Ohio Associated Telephone Co.
Earnings-— ^
; ; Of Northwestern's 4 % %N debentures due 1959, held by American; and
Vni°
° Ae*epnune
Jharmngs
n
.
.
jb) tQ issue and sell at prlvate sale $4,000,000 serial notes, which will
Month of January—
1947.
.1946
bear'an-interest rate, not expected* to exceed 2V4% per annum, payOperating revenues ———i
1—
$224,933
$116,265 v, abl6 jn twenty equal, semi-annual installments;
Uncollectible operating revenue
; 253
141
(12) Pacific proposes to utilize the proceeds from the sale of the
bonds and the proceeds of the bank loans, together with such treasury
v'a.n.u
:
'
;
stockholders meeting called to vote on the meiger agreement is
mailed, their written objection to the merger agreement and demand-
"
•"»
'
kr/
6%
distributed"
indenture
payable
165, p.
•[iv.;/-
S?ih.T —e1°^^—7.
.
Chasp
St
York N Y
St., New Yoik. n.,y.
Citv oi New York,
City of New
'
*
due
tenmornrv
V.
Z
preferred stocks of Northwestern
(which stocks are .non-callable) the holders of which dissent from
Northwestern's action in entering into the merger agreement by filing
in An
1 c
?e.cW^, p-yame may. i, 19*/ to iloideis 01 record April 15, 1947.
(
interest
The
.
"widely
the
11,850.000
^ ^oration plus $5 in cash, and an amount which, together with
the dlvldends receivable on the new preferred stock, will give each
sudVbolder a dividend a^.the^rate of 7% per annum up to the effec-
;
Davable
was
are
is
The
(b) For each share of the oustanding 7% preferred stocks of Pacific
surviv-
* '
'
stock
common
take
any
debentures,
company
week
and Northwestern one share of the new preferred stock of the
dividend
quarterly
*
than
./
convertible
Philadelphia Electric Co.—Weekly Output—
v
the case may be, up to the effective date
'
as
'*of the merger agreement.
' -
t
#
or $6 per annum;
decided to
rather
Period End. Feb. 28—
V.
tv cash' adjustment
in an amount which, together with the dividends receivable on ' the
new preferred stock, will give each such,holder a dividend at the rate
"
(tARo nat;
1
3%%
Pep Boys (Manny, Moe & Jack)—February Sales—
'
each share of the outstanding 6% preferred stock of
Northwestern and $6 preferred stock of Pacific one share of the new
$862,045
844,410
1
'
.
'
""
fioo
—
,
.
<tRii
r—$534,692
460,239
and
permanent
Sales
effective date of the merger, the following:
Northwestern Public Service Co.—Distributions—
;
•
'
"•
'v■'"* ^ v
'
—
the
on
upon
action upon
920,778,' .preferred stock of the surviving corporation1 plus
1 J7,gjo
•
———
•—V.;165j p. 1233.
t
"
Interest—
Corp.—No
action
The loan is being made principally in connection with the financing
the -company's construction
program, which for
1947 amounts to
$27,000,000. The company expects to arange? later in the year to do
however,
(a) For
kiiriwqsk
———f-
"~T
p-
I
.
$5,542,438
$6,389,184
_
'
pvnpnqpc
-
nd
took
of
agreement shall not be binding
corporations.
?°£ks
Northwestern and Pacific (except those preferred stockholders who into the from theagreement) their respective receive, upon
dissent merger action of be entitled to corporations
m entering
7 368
-.''r
Airlines
3 % %
has entered into an agreement with a group of nine
for which the Chase National Bank will act as agent, to borrow
$11,000,000 for a 'period of 2% years.
The notes will mature on
Sept. 30, 1949, and will bear interest at 1%%.
v/"/::/;-;(/
*t is proposed that the holders of the outstanding preferred
'
$5,549,806
10,950
V
•
prices
banks,
such , agreement by the holders of more than 20%' of said preferred
stocks;
'
1946""'
1947
been
purchasing
such
at
Pennsylvania Power & Light Co.—To Borrow $11,000,/ t,
.
'
,
»
- ^ •
i
~
Northwestern Bell Telephone Co.—Earnings—
.
;
20
the
on
available.—V.
The
into such
corporations in entering
merger
constituent
their: respective corporations notwithstanding
-
*
and
000 From Banks—
special
(at a
1
;
deferred
income,
,
preferred stocks of the constituent corporations vote against or dissent
from* the
:-agreeemnt.
.y...
bonds
permanent
or
Chicago, 111.—V.
March
on
deficit
Under
interest
.
temporary bonds or with
28,
1947, only permanent
delivery
a
bonds
Temporary
Schroder
,
ponds' either due 1975, up to and including
sf,rJ[es
made
with
be
may
have
expenses
policy of
its
times
advantageous to the corporation. This policy con- '
of approximately 492,000 shares, which would
April
..
bentures'
States Power Co.- (Minn.).—Form of Bond— /Meeting called for the purpose) of the holders of two-thirds of the
v,
ofrt„bUN,
.
,,
.,
-'.. voting power of each of?the constituent corporations, unless the
.The New' York Stock Exchange on March 14 directed that deliveries
holders of more than 20% of the aggregate number of shares of the
M„f
and
such
corporation has outstanding a total of
15-year income convertible
debentures,
Mr,
Northern
w
fees
at
The
.
—.
'
market
open
"Capital surplus" and $3,000,000
cpntinue
purchase
data
$2,550,000
.
,
corresponding week last year; an increase of 16.9%.—V. 165, p. 1458.
March
the
deemed
directors
£0
>
•
:500,000 shares .(no par) common stock-(the exact number of shares of
new common stock is! to be supplied by amendment)* ? - ;
»
• ;
v
(6) The merger agreement provides that. it shall become automa-
1947,
for
in
to
legal
will
of
Co.,
Trust Co., trustee, has been notified accordingly/ v
/
Lochiel» Treasurer,
said
the/directors
surveyed the
1946
„
fn
output of this company for the week
Electric
totaled
'
,.
fetates, Pnwpr
rower
Mnrthprn
Nortnern
settlement
received
due
cash,
in
$2,200,000
proposes to dispose of the remaining ba.auce of $2,986,867
With Pacific pursuant to the terms of a merger agreement under
■ "
which the authorized capital stock of Pacific, as the surviving corpora/FIaI )
w00flv
tion/would. consift of (a) not more than 114,815 shares of 5% pre(Del.)—Weekly Output— v. ferred stock (par $100) ("new preferred stock"); and (b) not less than
1875.
'
164
has
payment
,
^
'
The
//
,
•
added
corporation
Pennsylvania-Central
/
Ttie company on March l$Zfilc<£ a registration statement with- the t::f'^4tf--®Ccauritl07~Electria' Plant Adjustmentsr—by a charge of $1,450,covering $10,000,000 of serial debentures,, due 1956 to 1967. The
,
t0 c^pital su,'Plus, a charge of $1,392,908 to earned surplus and a
of the underwriters are to be determined by competitive biddin0, •
5?emu $143>95& to deferred credit—Utility Plant Adjustments.
Net,proceeds will be used to construct additional property and facilities.,, 2-.{J'- Thereafter it is proposed that Northwestern be merged into and
names
—v
corporation
reduce^ the^ outstanding stock of the corporation to 5,000,000^shares.
SEC
•;i
be
may
templates the
charge , of $164,366
P
^hjch contribution will b©'credited by Pacific; to. capital surplus;
iV
v«in«ai r«- Da
D '
.J* '
utnn/»(
Northern Natural Gas GO^—-Registers with SEC——
,;
this
facturers
•
withdrawn
'
-
The
shares
own
as
* (2> Northwestern proposes- todispose of the remaining balance of
' ' 1
covering770,000 -shares of common stock
its
<
1
announced,
stock
common
western .to capital surplus in the amount of $1,750,000;
—
$12,000,000 has been
(par, $35 per share), which contribution will be credited by North-
MtJZ
r*
1
j •
■
n Northern
Engraving & Mig* Co#—Registration Statejnr
Contemplates Purchase of 492,000 i
v
! '
—
i?ee^ j86' ,aside until the
tion-declaration which may be summarized as follows:
'"(D as a
American • proposes to surrender to Northwestern for cancellation,;
^
hha
209,447,900 211,730,442
.
7—:—
.
011
previously
adjudicated.
'r^nPeb. 25/1947; American Power & Light Co. (parent), Pacific and
15,211,211 ^ ^Northwestern ; filed ah amendment with the SEC to the joint applica-
qna^finft
,
Corp.
Its Stock
ln.,the amount of $15,000,000 from The Pennsylvania RR.
which
•'
—-—-•—//'20,646,048
*
'
'
of
,
As
'
444,217
.
surplus—
Earned
Shares
v SS;jgi SdendsS?4?^!^
?
,hThef °^ce1rs Relieve this amendment will prove advantageous to all
the ^stockholders, and will facilitate the carrying out 'of Tr: muchthe
55,633,113 / needed merger and refinancing of these companies,
v
; vr
322 442
»t^^^L?Stn?Sts^nd^ont<v> Q4?'i£
Beserves foi investments ana contingencies.--55,942,405
Other
Pennroad
was to be fixed by competitive bidding, and the cash
37 goR ooo
year_^_.
prefTrridrstock::z:::::::::::::::
mtdend o*
***
«, ~W, ™
4s'?9s'nnX '
°n exchanges were to be equivalent to the difference between
?'JnnS22 J115-'per share for the 1% Preferreds ($110 for the $6 and 6% pre7,500,000. 7,500,000 / ferreds) and the public offering price of the new preferred, also to be
""""T
gan{
™tesftjayaMr^^
Sankc a^rued '
1595
rate
on
Pacific's
par
and interest.—V. 163, p.
1573.
MSKS5SS !SSsbs a
'•7.3,
1596
of
THE COMMERCIAL & FINANCIAL CHRONICLE
1946,
and
the
the
uncertainties
continued
in
the
increase
in
company's
cost
of
liabilities
tax
materials,
since
supplies
and
1939,
Radio Corp. of America—Radar Contracts—
labor.
.
in
•
New
TWenty-five D.2-centimeter shipboard radar installations for Swedish
and other sizable orders of radar equipment for delivery to
Norwegian and Turkish maritime interests were announced on March 18
1950,
by
Proofs of Claim, Etc.
Guaranty
Trust
income
Co,
of these
To
bonds,
of
bonds
obta.n
it must
the
such
write
Building.
in
to
of
Thos.
5,
claim
bondholders
W.
Delzell
and
who
R.
have
not
must
be
;
filed
Calendar
Net
Y
with
profit
Earned
assets
ratio
of
of
6.85
versus
In
the
all
,
charges
1
1
and
Other
December
$6,028,223
and
total
1.
end
of
to
current
commenting
the
At
liabilities
on
of
31, 1946,
labilities
current
1945
current
$746,647,
assets
ratio
a
the company's activities in
of
shows
of
Int.
and
Y
outlook, Joseph W. Powdrell, President, said:
increase in earnings over the
year 1945 was due principally to
27%
increase in sales volume
generally, the further additional
profit on a larger volume of curtain
business, and the elimination of
7
excess-profits
board
t~x.
of
*
*
•
;.
of
its
mills
in
maintain
its
expected
when
P-
basis
a
its
field
Fed.
industry
advantage
supply
and
demand
have
been
balanced."—V.
i«0fv
N.
Dull
and
company
has
of
been
the
elected
President
and
director
a
of
Protective ^Indemnity;
Co.,
an
affiliate.
of Continental
Casualty Co.
Reconstruction
Y
i
was
announced.—V,
Y'V: 'Y7';,;Y 77 ;7':
He-
Public Service Co. of New
Period End. Dec; 31—
t
Operating x-evenues ,_Y
Operating; expenses Y_
Taxes., other than Fed.
income
_Y
$276,920
Dr1,373
7. Br1,464
$275,547
$241,522
on
Yf8*ii6o
income—
$131,902
divid.
require.
•Per
Y,"
i: '?'
sh.
per
of
$66,566
29,499
31,081,500
lack
of
would
tion
$10,750
'
$0.15
stock
(George)
and
submit
:
have
were
Dec.
14,
a
a
a
first
and
Y''Y<
C.
132,
7
Month
Total
L.
Net
of
Fund
of
Y '''■
outstanding
had
$15,18
Rawson
share,
per
$15.64
as
who
been
of
per
as
against
share, at Feb.
cents
'
share.
a
the
elected
two
past
in
v
The
he
was
cumulative
optimistic
succeeding
of
v
sales
the
so
far
are
Drill
&
Tool
resigned
War
Assets
his
position
26,
Administration,
of
subject
165,
The
to
right
offer
to
its
Period End. Dec. 31—
operating
operating
Total
YY
riehts
expire
effectiveness
",Y-
15,806
!
and
of
579.
April
the
•
revs
1947.
Drl,619
164,
7
$17,096
with
Corp.
It
10,125
—v.
is
for
below.—V.
$412,037
163,100
surplus.--;.
$1,461
163,
163,
•Net
$248,937
it
that
*■
^
Otheri communic.
per
i—-J*—'
i:\
74,482
"
n"'
$27,998
$1,048,115
y
YVvZY
i'
'
■
.7
1,150,039
Vv
f
.
''
■ \
.•$101,924
*J
•$270,515
Ord.
income
1
:
.
.
inc.—non-commun.
Gross
Deducs.
Net
$27,998
148,143
'
,
for
,
•;
•$9,720
•'•$101,924' •$263,190
253,955 ■7
496,596 ! 1,205,362
•
1
longer
;
Y
income
for
1946
a
credit
1945
and
p.
1322.:
V
'
tinue
a
new
board
ordinary., inc..
from
ord.
ord.
$176,141
inc.
3,771 '
income__Z__
Net'income
Deduct, from
(Cr).Y•
5,663
surplus
.
58,142
The
committee
assurances
$884,030
of
stock.:-
said
support
in
letter
to
holders
of
a
from
on
Van
>'
•
1110.
,
.
$353,222
r.
.138,134,
$884,030
7,
663,595
■.
$17,527 / '.$215,088
Collings Henderson, both
*
.National
of
of
the committee
the
Life
■Mi Meanwhile,. Ross Clarkson,. of
Truief 1 fn
Trust Co,, Unn
has .been>named
representative committee
been acting
of
chairman
J.
:
,
V
the
had
since
Lawrence
1946
the
group
21
the
on
was
formed
issuance
basis,
of
bond
a
amount of
be
can
addi¬
arranged
property.; Stockholders'
approval
to
will
reasons
it is not
always
in exact alphabetical
always as near alphabetical
",Y7 YY Y'-'' Y' Y Y.Y
' Y
the
of
$30
and. "if
$1,000
per
be
made
at
Exchange
Mississippi Valley Trust
Y;vY\Y:'-' Y'X V-; YY Y'YJYY;*
will
March
on
"and
163,
quote
27,
interest"
bonds.—V.
• •
to
bonds
The
>
*
of
(
the
"ex"
bonds
extent
1290.
p.
said
1947.
the
will
con¬
interest
the
Y
(
\
RR.—Voting Trustee Approved—
..
'
.
This
arbitration, appointed under the auspices of the American
has handed down a decision in favor of this
its
claim
against the
American
Cyanamid Co. for
royalties
sulfadiazine
on
about
over
week
a
343,
p.
ago.
contract
a
corporation,J.
amounting to
The dispute
entered
into
by
about
it
$1,750,000,
the
was
the
two
culmination
companies
in
^
P.
loan
maturing
&
an
or
of
with
Jan.
1,
dated
each
Interest
year.
Shell
as
1,
to
bearing
"
.
-
*
1947,
the
provides
term
that
at
notes
date
7- '
••
•
the
the
Jan.
payable
•:
separately.
acting
1.9%
for
that
is
Pipe
Shell
lenders
interest
entire
promissory
1956,
I,
an<!
in January
-'
•
"7
v
'i:-7.
'
:
'
Simplicity Pattern Co., Inc.—Partial
Redemption—IfY
The
corporation
has
next,
2,150 shares
preferred stock at
Y
made
at
the
Holders
Von
p.
of
before
or
'share
v,
7
•
koyal >
shareholders
for
to borrow
Term
notes may be prepaid in whole
or
part at the soption
: the
corporation on any interest day after Jan.
1, 1949.—V. 14(V*p.!303l.
to
-
Oi*
banks,
18
agent,
maturing
the
on
Union
of
of
group
1948."
Feb.
notes
promissory
1, 1948, and
a
will act
amy installment of the loan.
On
be
exchanged for term notes
interest.
July
subsidiary
agreement
Co., Incorporated,
before
or
agreement,
Jan.
will
1.9%
"
on
"wholly-owned
a
into
Morgan
Line- issue
notes
on
7
"*
President
of
343.
The
of
Detroit
the
for redemption,
outstanding 5 Vfe %
close
share
per
Trust
called
the
called
the
$11
Co.;
shares
of
preferred
stock
;.v,:''.
■
7■
214
on
agent,
convert
April
Detroit,
of
into
1947,
'V.
corporation
major
aweek$-7 *
tAprll
Payment*
same
5,
share?
r7";--Z-77'- „r*':"'
before
or
15,
cumulative; eoavertlWe
dividends.
transfer
may
business
for
and
at
common
77"•'"•
•
*
Will
Mich.
common
the
,.
the
:i
stock
rate ;of
one
stock.—V.i;l65,
:'• •- -.-r
porp.—Unit in Florida Expands—
on
March
14
announced that its
subsidiary, Royal
Palm Ice Co., had purchased from the Southern Service Co. of Jacksonviile,'Fla., ice manufacturing plants located at
Wildwood, New
Smyrna,'West Lake Wales, Kissimmee and St.
Cloud, Fla.
A
' contract
Clarkson
several
.
in
announced
amount
received
ot The
Mr.
o£
surrender
upon
the
YY',:
in
bond
earned'^ coupon No. 10, both maturing
will
Curb
r
,
mortgage; bonds, 3% fixed and 3%
interest of $15 per $1,000 bond
fixed
Association,
a
Line
'
i
.
a
avoid
sufficient
a
loan
are
a
payment
dealt
A board of
'
,
was
Z
.
concern.
to
that
outstanding
MacKay,
Cbairman- of'
St.
be
accrued
$1.63
taxes
Edouard Labelle,
w'
desire
Sharp & Dohxne, Inc.—Royalty Claim Decided—
which
Provision
1
interest
Southeastern
are
Montreal,'Vice-President
permanent
to
corporation
'
Alstyne, investment banker, and A. M.
York; VRobert Fennell,
Vice-President,
Assurance Co. of
Canada; and Hugh
W..C, Pitfield &
Co., Ltd.- ;
has
it
;
companies
on
1951
Payment
Corp., has entered
V
total
made.
order approving the nomination
of Daniel W. Bell of
Washington
trustee for the common stock of
this company has been
in Federal District Court in
Norfolk, Va. Mr. Bell was nom¬
inated by the board of trustees
to succeed Samuel H.
Husbands, who
resigned Feb. 17.—V. 165, p. 1322. *
•,
'
New
ji
$220,435
of
be
mechanical
pay
lY
Mo.
dispute
I941.ri-V, 165,
-v
v;. 1944
,
stockholders
40%
will
or
Shell Pipe Line Corp.—Gets
Bank Credit—
'-'vY'V,
in
subsidiary.
can
voting
of
of
•.
Associated with Mr. White
Montreal attorney;. David
8,554,
•:
<
being understood however
An
Y
directors of this
r
corporatlon, preliminary to eventual
"
reorganization, were being solicited on
March
10
by
a
stockholders' committee
headed
by A. /F.
White
^President of Brompton
Pulp & Paper Co., a
v.;
77 '• 79,554,
$114,050
p.
$942,172
50,004
$180,924 7 "$238,572
net 'inc.;
7* ' 66,874
221,045
•Deficit.—V. 165,
•
$344,668
YJj-YY..7
s.v
earned
$394,672
,
$238,572
$172,390
■
Extraord.. inc.
$244,235
it
effect
....
,
^
to •,Finance
entered
r'
$284,188,1 due
YYZ"YYY,Y..YY
Louis
design.
,
^
Canada
St.
anticipated that these arrangements Will
the
on
Seaboard Air Line
<
'
-
exchange.
v/ill
No.
1947.,
payable
because
Z St. Lawrence Corp.,
Ltd.—Proxies Solicited—Y
Proxies for the election of,
1,
Co., St. Louis,
$3,336,315
and
'Y-'";
1948,
this
bank
possible.
New
York
additional interest
■
of
at
YY YZY;YY::YvYY
believed
now
arrange
as
additional
$12,500,000
$1.59
includes
to
Y The
YY'vv
$5,082,514
increase during 1946 in the rate
of Canadian
on
income for the United States
165,
advanced
cancelled
depreciation
Discharged—
Court
expansion
.
$11,413,626
charges,
District
not only of the
rehabilitation program, but
arrangements by the company
through its directors
the required capital on this
basis.—V. 165, p 982.
Oct.
coupon
as
$4.09
interest
S.
the directors have
consistently
additional stock to finance
rehabilita¬
However, they
due
April
with SEC
available.
Y
Ry.—Trustee
U.
secure
company
■The
M
the
and
YZYY
rights
.v.
taxes
$7,868,067.—V.
Y
7,325
,»u.'
Operating
the
;
889,529
:•,
•$9,720
>
the
for
-
at
•
involved,
straight
a
necessary
fixed
backlog now amounts to
January It was $5,588,455.
v,YY.^vYY
share__^
for
of
was
;>'VY':;'vY.YYY-'-YY'
NOTE—The
$619,014
f
plane
no
company's
the end of
At
YY-—Y-YY
common
providing
income.
1946—12 Mos.—1945
$64,762
inc.—
and
„
was
>.
profit Y-—...
Earned
America—Corrected Figures-
of
income,
Cancels Contract—
YYY
designed.is
the
$5,000,000.
1290.
p.
was
t
J
'■
made
formally discharging Frank A.
Thomp-
to
costs
mortgage
April 15
on
Arbitration
'
be
Scullin Steel Co.—Interest
Payments—
Z
Safeway Stores, Inc.—Earnings—•
Years—
Y V;Y
' 1946
1
•.
used
will
-
It is
on
agents to
The
;
V'YYY Y^YYYv;
820.
p.
jet-plus-propeller
understood
approximately
5,596
be
165, p. 1460.
NOTE—For
head-
Underwriter,
will
Bonds Called—
Payment
of-the
order
an
commitment
possible.
position
-Y
Y'-YvY; Y/.Y'-Y
share
^
Adminis- V
with
.
completed when the contract
which
Calendar
-
3,
Offering of
.
a
'
trustee, at Baltimore, Calvert
139, p. 941. v
'
Md.—V;
Moore
excessive
order.
Navy has canceled the major
remaining portion of its contract
this company for a
engine
$422,162
961
11,000
2734.
p.
The plane was 90%
8,537
of
possible
a letter of
notification with the SEC
preferred to be offered at
par.
($10 par)
Ryan Aeronautical Co.—Navy
:
$430,699
..
$7,057
97,413
!.
.....
bortd.
Baltimore,
Francisco
H.
entered
capital,
-
Royal Palm Ice
Co.—Expansion—
the
v,
$126,411
also
companyis registration statement.—
.
„
15,
Y
>
asked
and
to
Patterson, Richmond, Va. Proceeds
;Y;See; Southeastern
$432,318
7 10,319
.
&
purposes.—V.
$416,512
$27,415
;
1946—Month—1945
exps.__
be
common
subscribe
of
meet rehabilitation costs. It is
not entail a
company on March 12 filed
Miller
°After
Total
Zone
No.
$1.50 in 1942 and to $1
'
1
'YV;'VV'->
Rosslyn Loan Co., Inc., Arlington, Va,—Files
$1,185,479
768,967
if
tional
stockholders of record
$1,025,000 aggregate prin¬
five-year serial maturity debentures in the
ratio
amount of the debentures for each
share of common
the
-
of
issue
4%
1322
pp.
V
$30,235
incomeZ—.
Corp.
Deputy
Zone
$1,000
Co.
attempted to avoid issuance of
tion; likewise it has been their
Co.—Rights to Expire April 15—
to
proposes
1947,
for 20,000 shares
Br2,820
V:V/Y;Y'*. *Y'Y
Radiomarine
as
for
;,-y Y:'!V' :i:YYYY;Yi"
Baltimore,
definite
no
Vice-President—
Y'VY.'
prospects
requirements.
Because
Y'Y : YYY;.;_Y,V;';Y
Co.—New
to
"".r :
•
Chicago.:YYYYYv«,->>"■'■Y-.-v;
Net
165, p. 1460.
;YY''Y Y"-
Y"V" ,V:v/;.:.":YY;
has
the
stock* held.
'is
1946
$46,619
(charges)YY-»--YYyZ V
earned
that
with
even
the
the
Chairman, announces the election of Ben T.
Vice-President, in charge of Republic's hardware sales
principal
The
income__^_YY——
to
just running
1941
early
ar¬
stock, V
Y <: ;':0:
share.
a
and
year,
.Y»-..£Yv
/:.
each
Trust
trustee.—V.
Avildsen,
company
The
Drl6,384
ordinary
Income-YYY-...Y'Y-Y„ 'Yv''
Extraordinary income
(credits).Y_—YY~ZZI
Extraordinary income
income transferred
cumu¬
has
preferred
company's
sales
reported.
states.
of
si
Y V.
Net
net
second
Toronto
of
sufficiently accurate basis on which to
compute
'
\ "
"
"
-r
" "
%
present time negotiations with the Planters
are
on
a
more
favorable basis than they have been
for a number of
months, and
it
is
anticipated that suitable contracts will
soon
be
negotiated.
Planters have been informed that
every effort will be made to
place
the mill in operation
during
amounting
The
for
Sts.,
financial
ly;,.-;
In his new posit on,: Mr. Cowherd's
headquarters will be at Republic's
Eastern factory, 86
Lafayette St., New York, N. Y.—V.
165, p. ;1460.
March
•'
<■*
950,526
YYYj.—ZY-ZY i^-YY
income—non-communication Y———
income
Deductions from
1946,
outstanding,
on
Bossi.—
1947V
$997,145
revenuesY'YYY-Yi-YYY'Yi
,income^Y-it.'YYYY^-';'
YYy
31,
year-end.
F.
operations
years,"
share in
a
Louis-San
as
Y At
'V
expenses YYYYY-YYYYY'
income
Mr; .Reis
Cowherd
The
Y
chief.
> V
been Assistant
Y"
revenues-----•v
ordinary
March
Richmond Radiator
■
Mr.
But
year.
cipal amount
of
they
YVh-YY
dividends, the
uncertainty of business,
shares
A.
the
,
long-term pros¬
consumer resistance has affected business.
' Y
and February sales ran 49% ahead of those
in the same
as
Eastern
quarters in
Y
per
shares, with
1,279,939 shares,
1, 1947.
has
years
Treasurer,
VY 7"!Y-
Deductions from
ordinary
-V.
21,087
by
of
company's agent; Bishop* Trust
Co.;" Ltd.y on* March 8 said!
in part:
>,• "-V;v It has now been estimated
that rehabilitation cost of the
complete
mill property will be in the
neighborhood of •$1,500,000.
This esttimate is
necessarily subject to the unforeseeable fluctuations in
prices
of materials,
supplies and labor which are characteristic
of the
times,
but is regarded as a
recapitaliza-v
;
urged by A
k
from
the
recently
White of
The
the
A*.
were
San Carlos Milling Co., Ltd.- -Bank Loan
Y
preferred
'
headed
reports
..
six
date.
Rehabilitation—
adequate supply, are now giving small
repeat orders.
words, we'll have to carry the
inventory that the retailers
been carrying," Mr. Reis
explained.—V. 165, p. 982.:-'
Cowherd
;
,•
Vice-President in charge
Vice-President and editor in
for
Operating income
Net
with
a
to
March .14
son
an
Clarence
Div.—
15
consideration.
effect
ClarksmZ
™
of
St.
on
meeting
planY declared
directors'
desirable io
was
All
Y
:.
the
with
past
7YY Judge George
Y'%Y-'YY'
1,306,797
communication
Ordinary
stock,
annual
that
13
support
satisfactory
good."
YY;.
Redwood
YV-'Y":*'
a
resumption of
mind the future
in
the
the
\YYZ,;YY
March
their
future
the
for
committee,
are
other
have
Y
operating
Gfoss
of
'*'
'■■■:
Communications Inc.—Earnings—
of
January— YY^'YvvYYYv ''''
operating
other
the
Thaller,
hrs
operating
Total
dividend
elected
3165.
p.
RCA
said
ago,"
trator
Boston—15-Cent
quarterly
with
plans
outstanding, has arrearages of $182
Republic
Elected—Y:i';.''Y"":'Y1'*V//YY ■-..Y
Bossivhas been
Kenneth
Victor
Treasurer,
V.
1947,
value
A.
keep
preferred
last
year
"In
Officials
Quentin
it
at
possible
a
,
while
possible
to
stated
YY
7;''v YY
Reis
selves
of
to
liquidating value
New
of
a
notification
1943
$1,380
Mercantile
v,
■
The company is being forced to maintain
large inventories of all
manufactured products, he
reported.; Dealers, who during the war
years bought as much as
they could on one order to assure them¬
stockholders of record March
31.
Payments
as follows;
April 20, July 20 and Oct.
21, 15 cents each;
year-end.of 35 cents.
1,
liquidating
with
Fund
declared
To
associated
expressing^ dissatisfaction
;
:
$1,155,316
3296YYY'
been
recapitalization
adoption of
their plans for
that
making
had
"January
$2.53
p.
of
company had a capital deficit as Of Dec.
$689,659, reduced from $1,600,000 at the 1945
months
..669,797
■
director.
a
had
manaY*
of
the outstanding first
mortgage 6% collateral trust bonds
due
1, 1954, have been called for redemption on
April 1, next, at
par, plus all unpaid and accrued interest
amounting to- $380, or a total
of
vYYYYYYYvY:/YZ'
considering
Reis, President,
shortly
said
plan,
Mr.
.$1,825,113
,
$1,770,557
"
outstanding.—V. 165,
Putnam
trustees
.At March
•
•
toward
progress
rearages of $155.75
with 7,500 shares
823,201
1,073,680
t 318,000
;
and
exernn,
April
Manager of Coca Cola
he
letter
a
are
stockholders,
lative
Utility Engineering & Service
Corp.—Output—
output of the
share, payable April 21
last year
^minority
Reis
Mr.
The
still
The
operating companies served by this
for the
corporation
week
ended
March
15,
1947, totaled
225,924,000 kwh., as
compared with 184,822,000 kwh. for
the
corresponding week last year,
an increase of
22.2%.—V. 165, p. 1460.
,
filed
Y,f-v.
Several
Public
V
which
Y
13
Reduced—
directors
conditions.
-
•
President
with
support
?■':
on
withhold
St. Louis Properties Corp.—6%
:
SEC—,Yv'Y.YrYvY
Production
as
Inc.,
full
•••
corporation
to
the
1322.
p..
■
"Y Y" Y. Z
'
$2,231,761
; ; 461,204
" 55,816
$102,403
stk.
com.
common
Electric
;"
company,
Arthur M.
held on March 17.
common share
earnings not comparable because of new
financ¬
1946, which included a
change in the par value and number
ing in
shares
New; York,
years.
The
.
a
Balance
Earned
;
elected
pects, but warned that
V; Net" income
stk.
11,500
been
of
$4,039,994
12,727
$3,972,034
73,979'
658,773
89,477 ' v
60,145
$2.67
V"
;■
(Robert) Reis &. Co.-YStudying.
Recapitalization—Cap¬
to
'
has
position, he resigned
$4,026,920
13,074
$3,959,307
,
Griffin
ital .Deficit
1,197,183
___
taxes
Pfd.
1,242,773
$242,986
inc.—net
Gross " incrme
___YY
Total'deductions YYi'Y
Non-recurring deducs,Y
Fed.
99,538
v
company on March
for 32,000 shares ($5
Mr,
income
$2.44
»
par)
5%. cumulative convertible preferred
and 64,000 shares (10c
par)' common to be offered at $5.20 a unit1
consisting of one share of preferred and 2 shares of common.
Underf i
writer, James E. Scott & Oo:,v New York: Proceeds will
be used for
equipment, plant additions and working capital.—V.
165, p. 1321.'
Y
Hampshire—Earnings— Y
115,511
P.
directors
Net* operating
$1,677,465
$2.63
indicated
possibility of any increases in dividends
from
the
Brompton company, he added, are at best
uncertain, pending estab¬
lishment of
the
earning power of
the Red
Rock
project of that
company..
"This situation," said Mr.
Cameron, "affects the
of St.
ability
Lawrence Corp., Ltd., to
pay
dividends on its class A
in arrears, as at Dec.
stock,
31, 1946, to the amount of
$5,281,060 or $29
a
share.
See also Brompton
Pulp & Paper Co., Ltd., above.—V.
165
750,000
$1,533,969
$1,651,188
______
has
stated
fallen from $2
7,414,000
450,000
2835.
Co.
:
YYY'Y
Non-operating
12
SEC
1946—Month—1945 Y" 1946—12 Mos.—1945
'$997,043 %
$926,137 $10,911,078 $10,418,699
:
604,612 / • 583,613
5,708,998
5,194,596
•
1,660,000
the
stockholders'
Cameron
The
$9,841,465
taxes
of
President,
future
from
1944
share———
p.
The
Y't YYYY Y""-
"
profits
an
according to Mr. Cameron,
"these
companies
have
shown
a
combined
improvement of
approximately
$10,000,000, and in addition dividends in excess of
$3,UU0,000 have
been paid by St. Lawrence
Paper Mills Co. Ltd. on its
preferred stock."
Dividends from Brompton
Pulp & Paper Co., Ltd., which is at
the sole source of revenue
present
of the
corporation, stated Mr. Cameron
have
\
$4,643,969
2,660,009
of
v'-'.'Yr
"During
165,
1945
contingencies.—
—.
per
.164,
Bottling
for
announced
165, p. 944.
the
y.Z Y-
$3,311,188
taxes, etc.____
excess
other
accept this
;
that
arrangements will be concluded under which
the RFC will put
$3,000,000
of fresh
capital and surplus into the two
companies.
..YY'Y'
'■
Wilfred C. Potter
has consented to remain
temporarily as Chairman
of the board
and other officers-and;
directors'have submitted their
resignations to be accepted at the
convenience of the board of
directors,
it
vZYY'YYy,,V
Mr.
i
156,938,338
privileges.—V.
appointment
Arbuckle, K. M. Pringle, J.
pembrY®
Nixon, Secretary, said the present
the three
subsidiary companies will be forwarded to
stockholders within
next few days.
the
Pending such reports, he
added, "It can be stated
St. Lawrence Paper Mills
that
Co., Ltd., and the i,ake St. John
Power &
Paper Co. have had a very
164,589
>
1946
profit
Hiram
of the two companies is said to
have
approval of the New York State Insurance
Department
Finance Corporation, - it was
been made with
and the
106,548,301
carriers—express
Elected—Files 32,000 Shares With
this
formerly was a Vice-President
The change in
management
other
167,5437
>
announced
W„ A.
E.
Lawrence
'
Red Rock Cola Bottling Co. of
Connecticut—President
165,
Preferred Accident insurance Co.—New
President^
Floyd
—v.
&
&
Earnings
it will produce the
highest quality
lowest cost, and thereby continue to
in the competitive markets that are
the
8,915,980
and
Years—
income
Net
t*at
at
rail
64,709
11,185,782
revenue
to
formed
Raybestos-Manhattan, Inc. (& Subs.)—Earnings—
Postwar
directors
such
on
merchandise
9,998
Profit before Federal
recently approved a program of plant im¬
provement approximating
$2,200,000 to run over the next few years.
It is -planned to
place the company's. manufacturing facilities in all
of
debt
Cameron,
38,248,694 433,839,028 442,394,101
27,485,845 305,934,118 267,260,199
1,672,716
19,868,821V 16,746,114
•109,444
1,320,245
1,284,861
yYYYY'Y'
Calendar
,
.
fd.
on
transp.
815.;
"The
"The
disc.,
of
S.
^-r"v7 Y:
37,740,847 427,614,214 437,365,735
507,847
6,224,814
5,028,366
42,501,544
29,267,146
1,932,749
105,869
——
St.
Shareholders
:
41,959,291
542,253
of
also
Stockholders Urged to Withhold
Support From
White
Committee—• Y
•
$
•
consisting
Timmins.
A.
the management and
protect the
that might be formulated.". " shareholrw
"■. *
plan
group
committee."-
,
'
$
'
Clarkson
ment
1946—12 Mos.—1945
'" * '
reorganization
any
committee
Subs.)—Earnings—
'''
$
deductions
"Rail
p.
discussing
future
&
(&
1946—Month—1945
-
'
-
with
and R.
and
^ Y1
expenses
•Payments
1.
to
in
total
$3,847,-
the
the'
1460.
income^
taxes
Other
$879,192,
were
5.15
1946
the
income__
&
rev.
Express
$2.02
at
&
Operating
788,061
sheet
by
165, p.
rev.
Total
3,346 464
balance
manufactured
Chgs. for transportation
1946
1945
$20,574,855 $16,116,316
taxes
corporation
Managing
Division.' The
radars
were
designed
Radiomarine Corp. of America; a service
i
v.,-;"
Y<-——$5.57
share
common
consolidated
current
389,
after
per
The
a
.'-77
this
International
Period End. Dec. 31—
Alexander, Inc. (& Subs.)—Earnings-
Years—
RCA
of
Railway Express Agency, Inc.
•:
7
Snedecor,
Ore.,-on or.
Estes
House,'Portland,
sales
Net
of
Vice-President
already received
t
&
Brunet,
RCA.—V.
L. Clark, 922 American Bank
'':
ballots
Special Master, Room 515, U.S. Court
before April 19.—V. 165, p. 1321.
PcwdrelJ
and
of
Ore.
and
Meade
Director
East.
material
Portland
Proofs
due
-
"cooperate
The
v,
ships,
York, as trustee of the 6% collateral
advises that the bankruptcy trustees
have refused to lurnish it with a
supply of proofs of claim and ballots,
together with the other submission material, to be available to holders
trust
Monday, March 24,
to
ago
surnlus
8 ^
'
to
part
Fruit
of
the
production
Growers
wfl'1 total
$343'998'
Express
of
the
Co.,: in
M
R47 R33.
v
$9,847,833.-V.
(ppi&inued
on
plants
is
connection
ir'v
165,
page
r»
p.
iqr
196.
1634)
under
with
long-term
rail,ship-
»
'
Volume 165 ^Number 4579
/•
?:? 1.?? THE
'
COMMERCIAL
Stock Record
/.;
FINANCIAL CHRONICLE
York Stock
«»
Exchange
DAILY RANGE OF PRICES
YEARLY RANGE OF SALE PRICES
Saturday
FOR EVERY USTEDISSOE
LOW AND HIGH SALE PRICES
Tuesday
./
Wednesday
Monday
Mar. 15
WEEKLY VOLUME OF TRADING
Mar 17
Mar. 18
9 per share
t per share
70%
9 per share
/?';:?/ ',>•:/•:•
71%
Sales for
Thursday
Friday
Mar. 20
Mar. 21
Mar. 19
I per share
9 per share
1
Range for Previous
* /
STOCK
EXCHANGE
Year 1946
Range Since January 1
Lowest
•
?- •/
Shares
Sper share
???/?:'
STOCKS
NEW YORK
?
the Week
par
$ per
Lowest
Highest
share
9 per share
Highest
9
share
per
share
per
'
71
70%
*8%
47Va
14%
*90
70%
105
*90
105
?
// 5 Va
473/4
473/4
473/4
48
48 Va
48 ya
1,300
15%
15%
15%
153/a
15%
15%
15%
2,600
50
50
50
50%
50 y4
49%
49 V*
X
400
33%
34
33%
33%
33%
331/2
:
1,200
.
2,800
:
Admiral Corp?.
•
.
35%
-
;
59 Vz
:
93/S,
93/8
9%
9%
9%
34%
343/4
34%
343/4
♦106%
108%
/? 5»/a
5%
f 107 I',' 107
5-?:/f
5%
.
99%
•
?
29
'■
28%
99
36%
?5;<
4%
4ya
37%
?'
;
291/4
*99
41/8
4%
4
37%
/
■..?
'
107
*102
60
:
.
/'/'?/l>o41%
42
//' 41%
60
J
r
*95% Z 96
*27
.
"?/ 7Va
'
•
42%
.>•••71/8 .•?■
521/2 I?
♦49
■
21 ya
33%
33%
33%
37%
37%
37%
102
102
43
,V/ 34%
95%
27%
7%
75/8
34%
28%
,
.27%.,
7 5/8
523/2
51
,-*49<
763/4
763/4 79
/■■;'42 3": 4?.
7%
*49 :.■•;
,
i
;
:
•
80
r
-
,
41%
)
'
41%:
10%
34%
:
V
,
:
:
>
80% v-
f'41%
,
v
--i.;
-
?
55
Jun
8% Jan
105
Jan
10
44%
Jan
68 Vz
37% Feb
1
24%
Sep
41%
10% Feb
.38% Feb
6
Dec
20%
Feb
1
33
Nov
59%
Apr
112 7 Feb
18
104
Oct
-
10 Z
Jan
/ 5 / Jan 15
lo
Jan
25
5
I
8%
8
101
Feb
5
:
Jan
Mar
135
25
Nov
90%
12%
Sep
2
6% Feb
31% Jan
7
13
92 / Jan / 8
Dec
21
Feb
51% May
Aug
103
8 %
3%
Oct
33
Jan
13
44
8 V
29%
Oct
69 V*
Jan
56
Jan
13
64% Feb
1
52%
Oct
82
Jan
40% Jan
13
48% Feb
18
38
Jan
100
97% Jan
24
91%
Oct
x
-17% Jan
3% Jan
1
No par
gtd
*
7 93% Jan
_10O
46
\
7
7
29 %« Sep
6
31%
Mar 18
/99%
Nov V
"30%
Nov
102
39% Feb
73
29
44
84% Jan
7;
29
7 44% Mar
Jan A?
//r,;<
■:'?■;
39% May
12% Apr
;
Oct
"
75
Apr
,■',•
91% May ;
;
Sep-;
37% Nov
6
95% Nov
y
?■;
,
Oct
64%
<
62% May
/
Sep
Jan
50
16
;
Nov:
6%
Jan.
63% May
108 (July
?,
25
3
Jan
39
•
/
Nov
,
29%
t
91%
4
23
8% Feb
16
Mar
10
Feb
Jan
/ 99
v 35
/Aug
212% Jun
Dec
39% Mar
' 38*
.
26
Oct
154
35 y4 Feb
16
Jan
3
.22% Feb
v
27% Mar 17
6% Jan
Oct
17%
14
Feb
Jan
61% May
113
July
18%
34% Mar 17 *:
No par
Feb
22:
180
18
99% Feb
4
Feb
103% Mar 11
16 i*
18% Jan; 8 ;
_100
:
/ 5% Feb
*
7 31% Mar 11
30 < Jan 16
No par
Vq par
»
3
Mar 11 *..
167
Alpha Portland Cem
:
No par
Amalgam Leather Co Ino-L—.^._-._l
; e% ^ conv preferred '~j~Amerada Petrol Corp__
No par
.
16
•
1,800 ;
1,900 :•>' Amer- Agricultural ChemlcaLNo par
41%
-
Feb
19
33% Jan 16
.100
common
4% preferred
Allis-Chalmers Mfg
:3%% cum conv pfd
800 i
3,0001
,1
*
;52%
80
24%
>
«
No par
r
t
1,800
73/4
-
Oct
31% Mar 11
j
:
...
Allied Mills Co Inc
Allied Stores; Corp..
j
8,000
:
,
28
♦50%
/?■ so.: .180 :
40% ; 41%
41%:
ioys
95 '*'••; i?• 95%
7%)
Feb
13%
"
34%
.
80 \
r."
,i
400
.96
27%
30%
1
46% Feb
Allied Chemical & Dye__
No par
Allied Kid Co^i.8
i
1,200
9,700
,
/
103
35
•95
,_:37%. v/28;::/
7% ;/ 7%
*50
.,52%
52%.
"
Zv 75% ■)• 75%. ?, i'75%
Z *40 ?
41% • /• .?4i%;
34%
.
.
7%
;
1,000
V
33%
♦102
May
13
17% Feb
lo
p Allen Industries Inc
2,600
.
it
37%
102
Feb
x50
48 % Feb
16
No par.
Alghny Lud Stl Corp
Alleg & West Ry 6%
500
.7
....
213/a
•,32%
/
37%
May
19
16
100
$2.50 prior conv preferred-No par
2,600
<
f
J 174%
*20%
:
Dec
169
Nov
7
Jan
4%%: preferred
1
35%
95
28%
95»/4
27%
95
343/4
963/8
173
37%:
.37
102
-
'??
19%
119%
10% Feb
14% Jan
45
i
Allegheny Corp
/ 5%% preferred A_
106
*102
33
...32%
102
101%
•
343/4
*50 .?
.
33%
x37 'P.
106
19%
193/4
176 ; 1176.//
•20% -21%
.
21%
102%
?7% V
*102
19%
1763/a
21%
34%
;
106
.
: ;
42%
Aldens Inc
90 *
?"
60%
37
;«■
62
V
42%
21
95%
V
28%
>
43
174%
; 27%
?z 34»/2 ;• 34% ?/
;
:
*101
i
/; *60
■$ 19%
19%
171% 173
-
♦101%
*102
106
19%
H; ?
*166
62
.
?•/: 43//Z
425/s
*102
106
•102
'
.
19 •?
19 <. /?'•? 19 /
169?-?' 169 1- 171 / '5
*20 Va '! 20%
21%
: 5 28%
34%
■:?: 34%
34% /?:
*33%
38/4
37% i 371/2 ;? •1 37%
*18
>
42%
♦60
60
60
..
42%
•\
500
V
;
38
•
59%
Adams-Mills Corp
4%:?.?? 15,000
??
3,900
60%
1,000
,,
16
8% Jan
io
I
10 ; Alabama & Vlcksburg Ry
V; 7,700 ? Alaska Juneau Gold Min
99%
*36%
38
Steel Co
Adams Express
/
r? 5%
5
*99
2.50
Acme
.
VZ 4»500
*28%- 29
99%
,4%
'
1081/2
*107
5ya
28%
,
36%
108 Vz
343/4
•
Co_
Oct
8
7
'•
9%
34%
v
[ 2,000
9
9%
9%
34%
*107
■
99%
4%
-
9
34%
29
♦99
36%
4%
.35%
■:/./
*28
99
4%
-i
35% ?•■
33
343/4
;'98%
41/8
?,*-•• 4
v.,
33.
8%
91
61%
87% Jan
No par
Air Reduction Inc?
*49%
32%
28
■
28
98%
:
1
AddreBS-Mutlgr Corp
50
8%
70% Mar 14
Apr
105%
No par
com
Straus
473/4
5ya > 5%
28 ■>' •-
/?
'
*97
Motors
15%
*106%/ 109
5%
•
.*27 Vat
&
47%
34 i?
no
*106
Abraham
ACP-Brill
33/4
9 >•; ;
,
..
34
105
♦90
8 3/4
15%
X32%
8%
8%
34
Abbott Laboratories
2,400
8%
50
32%
71%
8%
'
,*32%
70%
72
8%
15
52
*49
105
72%
47%
.47%
14%
71%
71%
♦90
9
*8%
9
*47
105
*90
105
*90
71%
53% Jun
;
.
.
J
r
1
.
U.(z:
ft 10Va
26%
*75
;
.f;
v* 43 Va ? 44
?? 3 43%
•127
♦127
127 %
-
.74%
75
"
75
:•
433/4
127
94%
95
74%
.
•44%
44
,
126
6/.??Z
186V4
186%
.481/2
•
48j/2
v.
'
<u
*108%
*108%. 109 %
*141
111
23%
24
,
143
142%
v
23%
..23%
V*21% ?22%?/. -.*21% ''•..22 ;;,X
*98%
i 37%
-
99% 'Sfr ? ■ 99.
v
;/': T
5%
*151/4
; •-•17%
j
•1041/2. 107%
?
20%:
90%
913/4
Z 6%
§;|/
*51%
,
i11'/'':
13
25%
25%
*112
conv preferred.
American Chicle
590
/
13W,
253/4
:
114
:
9%
11
•
v
,■•
213%
'28%
28%
f
?
v
107 -
*12%'
7
.,
/
>
.
>
923%
1:-7VM
/?'■
;7y®s :
40
7%
54
*52%
"."27 r"
*8%
27%
112
*106%
9
=8%
14%.,
1163%
116 3%
>
106
I
.
.?•
106 »/*;
11%
500
*13
13%
500
26%
8,600
26%
♦113
114
Amer
*
33%
106
:.
:
;i9,
•148 %
32
.
*143 Va
r
144%
/ 38
/"
•148%
:/
27
25
73
73
74:'r""
158%
•V
;f.
158%/
51
51
50%
••
♦118-:
119%:
16%
16%'
/ 104< -104
"
40%
41 /•.'.
•105% 108
?
'85%
88
J
8%
8%
*118
66%/
•62
38%
*143% 144%
/?
44%
44%
104%
40%
413/4
*105% 107%
,
.
.88
88
48
48
107-
32 %
110
•
12,300
; y 510
?
39
•147
150
26%
24 3/8
/'
41% ? 41%
143% 143%
47%
:*45%
41%
♦144
•46
3,100
/
•
290
400
;
—V
,'
5,700
33
31%
:
'
-
167
*38
v
1
"
?
;
American Rolling Mill
'
4% 4 conv preferred
American Safety Razor
.
•
26%
/'?
900
400
24%
400
41%
1441/4
48
/
,
American Seating Co
Amer Ship
;
Amer Smelting
19'
Jan
24% Jan
?■?? 400
165%
165%
1
72V*
72% /?■
39%
♦111
112
*48%
•
15%
;
49%"
:
*5%
*5%
5%
■
34 '
34
..
'
,0..
44
Ill
•
48%
44h
Ulii
'-?/.)/ 49 1
15%\ /l/r 15%
16J/'V.7yiy*15 :■} -15%
*48%
49
*15
*
*33%
112
153/4
153/4;
16
*15
.
•111'
Am Sumatra
165% 166%
72%
..
,
73 '
,74%
156%
,
//
12,600
1,600
.
1
;
116
'
Si
.
>
,
,.
,
,
.
20
6%,.ter?*5%
34-/?:»^r*33%
<
5%
34
.
"
—
^
-
-
i.
For
footnotes see
page
1607/
-
■*••
Jun
15%
•
*
44%
1
Jan
May
119
Jan
Nov
/
Feb
7
23%
137
Feb
11
133%
14% Feb
7
12 Va Mar
20
34% Mar
20?
11% Jan
13
39% Feb 24
'
•
Oct:
24
129 Va Feb
•? 34%
60
16
102
Jan
14
Jan
13
176
Jan
21 *
17
f
100
****
24 ?
*
16% Feb
'
22% Feb
•
100
No par
No par
No par
100
Tobacco—.^Vopar
? 36
; 150
12%
Nov
22
28
Feb
15 /■! X45
7
14
.72
Mar 19
73% Mar 19
153
4
5
Jan
82 Va Feb
116% Jan
84% Feb
14% Jan
13
13
16
14
15
5
18
3
119% Mar 13
102 Va Feb
26 Va Jan
93
Jan
80
Jan
18% Feb
50% Feb
13
110% Feb
Feb 13
6
10% Jan
11
37% Jan 22
45% Jan 15
68% Feb
65 Va Mar
42
109
Mar
Jan
46% Jan
7
15% Mar
15
Jan
4% Jan
33
Mar
2
16
12
9
20
11
•••
Apr
Apr
10
Oct
50%
/
50%
,
43
rf.
Feb
Apr
172
*
Feb
May
38% July
.
58% Feb
,
158
Sep
Apr
47% Jan
67%
Apr
159% Nov
:
200%
Jun
-
Oct
99% May
76% Oct
1100% May
73:
"■
150
174
: July
78
May
121
Sep
Jun
48%
Oct
116%
Sep
13%
Oct
28%
102% Sep
110%
Feb
29% Jan
70%
Jun
100 Va
Dec
!182%
Jun
87%
Dec
7>
Sep
•
13
103 V2
Aug
73%- Jan
Sep
38%
30
8Va Mar 14
1
191
138
8
106 % Jan
/
*
52
Sep
Oct
24
58 Va Jan
9
'
,
33% Feb
Sep
25% Dec
162% Feb
3
50% Mar 20
20
.
,
27% Nov
24"
11
-
*
•
34% Dec„
Jan I
2
Feb
174% Feb
164 Va Mar
Deo
Sep
160
7
54% Feb
?
,
108 V* July
45%
10
.
Jan
146%
:
33'
8
Mar 20
Feb
Feb
165*
•
40 Va Jan
Feb
186
r/42% Aug
14%
5
Feb
3
142 Va Jan
/ 44 Va Mar 17
/. 23
*
Jan
*'19
6
29% Jan
Aug
'
Jan
/'•
Jun
/ 123 Vz
.
95%
6
f 158
13
Jan
,
Apr
22%
: 133% Aug
27%
;
39% Feb 24
Jan 10
60
37
Mar 14
30% Jan
24
Jan
•
v-
14
*
26
88%
-
10
4
169% Jan
' Feb 11'
Mar
Jan / 3 ';/■ 40
164
Jan
*173% Nov
24
Mar 14
52
7
Sep .<
7
109% Feb
34% Jan
No par
7
37% Feb
/
13% Jan 16
19
Mar 10
No par
21
Feb
7
Feb
177
32 % Mar 14
104 % Jan
10%
97%
117% Feb
Jun
July
17% July
Sep
?
21
Jun
163
Dec
Oct
11
Jun
43%
•
16% Feb
13?
106V4
25%
•
Jan
114
45% Mar
,:
?: 12% Nov
32
9
Jan
f per share
*
Oct
98
15
3
21%
6
Jan
15% Feb
Highest
:
9 per share
.
7
Mar 20
28
134
....10
.—100
—25
Year 1946
•
_l -
:
28
28
•
t
16% Jun
;
,
/Sep
May
118
i
.
Lowest
.
/
101
Mar 15
,
'
'
111
9
Jan
35% Nov
,18% Mar
«
Nov/
,*22%
10
Jan
f per share
Mar 10
Feb
11
•
-
.
Feb
•
11% Mar
Range Since January 1, /;•?•
Lowest??/ Highest !, ;;•; /
99
•
...
.
30%
;
1
,
Jan*
9% Sep /
v
Jan
63
•
: 99%
7'
12% Jan 31
Jan 18
14
Apr
May
i
55%
Oct
Deo
118
•/:. 12% Jan
/
7/8% Sep
9 per share
Par?:
,
,
.
10
24
8
106% Mar
■
44
44
:
5%
10% Jan
,
44
44
i
.•44%
31%
Mar 13
14% Jan4
44%
?
/
X34% Jan
13
•
.
>Oct
Sep
•■
.
66 Vz
■,
18
129% May
Sep
Sep
Oct
2
113
Amer Telep ft Teleg Co
—100
American Tobacco——.
25
72
72 ya
/ •? 3,000
V ; 74
-'73%
74»/s
■-?• Common class B
:
25
v
- 73% 174 y3
156 V.
,155% 155% t ;
//:•?/: 240 ?'/../ 64 preferred
.100
158
'
156%
4,300 t
American Viscose Corp..—i—14
; / 51%
52% •
52%" J 50% : 51%
; -513/4
110
54
preferred
—
—.100
/ 118
118% ;
•118 / 119
119% 119%
//
22,200 ' Am Water Wks ft Elec
No par
17% y /:
17% * 17%
17% . "//• 173/a
17%
;
" 300
$6 1st preferred
No par
•103%: 104%
103%
-:105%
*1033/8
/ 103%
: '
?:
17,400 '
American Woolen..
No par
42 3/a
42%
413/4
;
i 41% J 42%
/'•? 41%
200 «
Preferred
100
*107% 108
-.
?107% 107%
•108
♦107
3001 1
-Conv prior preference.
No par
*89
91?:
91,z 91 ?;
,*87% ' 89%
2,700
•! Amer Zinc Lead ft Smelt
;
_1
"
) 8s/a
8% ' 8%
83/4
8%
:
83/4
/
600
$5 prior conv preferred
25
*66% * 70 ;
*63
67
; 70
f 66 % ;
10,500
Anaconda Copper Mining
80
39%
39%* 7.
39%
39%
".39 / 39% ?
380
Anaconda Wire ft Cable
No par
49
49i/a
48%
48 /
? 48 % I 49
1
800
Anchor Hock Glass Corp——12.50
1
44
44
44%
44%
45
,441/4
50 •
$4 preferred
No par
*109
110
109% 109%
v
111 '
111
?/
700 '
Anderson, Clayton ft Co
21%
49
49
*48%
49
50
'/'• 50s
153/4
16
2,100 * ' Anderson-Prichard OH Corp
10
153/4
;
16"
15%
,16
*15
15%
' ; Andes Copper Mining
i
20
153/a'
*15
? *15 ? 15% ?
600 '
A P W Products Co Inc...
5
5%
5%
5%
-5%
5%;
•.' 5%
*900
Areher-Dnnlels-Mldland " 1
N«
34
34
34
34-3534
?;
12% Jan
100.
90,
10% Jan 14
,
6
;
.
53% Feb
4
Jan
Jan
23 % Jun
28% Aug '
j
5%
.37%
.
'J.
Oct
•
.:
8
Jun
July
1 11% Feb
Sep v ; .
Oct
;
l37/a
>
"417 y4 Nov
17,
•»
16
7
V 5%
31
*8
8% Jan If
106
75
40% Jan .27
3
8% Feb
Mar 14;
26
*
,108
6
■
101% Feb
6% Mar 15
•
49
,
25% Feb
13
38 V4 Jan
Dec
Nov
6% Feb
115%
■
97%
41%
Jan
Jan
Sep
12
Mar
20% Feb
13;
Jan
-
6% Feb; 7
'/ 16%
k 90% Mar 17
100
Preferred
200
•
83/4
'■}
Maris
5
*
'
46
104% Mar 20
...100
Preferred
'
.
Building Co
ft Refg
?;" Preferred.,
/ American Snuff —-.,• - 64 non-cum preferred
Amer Steel Foundries
■
American Stores
v
American Stove Co
American Sugar Refining
*165%
.
Co
540
373/4
24/"?
V
24
.
?
55%
26%
■
88%
102 >
16
—
' 38Vs
*48%
?
39
'■
166 3/a
■>>:
42%
J
107_
/ 88%
8%
1 / *62
67
;
38%
.
v
8%
8%
483/4 '
;
.
.
•? 41
45
44%
?> 165%
17%
*16%
/ 103% 103%
-V
17
.;
Molasses
;
54 Vz
A
••;?.?;•• ?■
51/4
51%
119 Va
119% •?*. *118
*1035/s
383/4
*47%
42%
144%
♦143
20 Vz
"
Amer Mach ft Fdy Co/...^J\ro par
3.904 cum preferred
100
/ Amer Mach ft Metals__.
No par
Amer Metals Co Ltd...
No par ',
/
64 preferred
;
...
.V..100
900
373/4
'
,
150 y
26% ;
24%
*41%
51%
16%
•
•
*62
*243/8
41%
41%
165%/. 165% 165%
73 X
♦71 ? 723/4
*71
73%T 73% ?/-'73% ^73%
157
-.157 : 158%
>157
?*
74'
25 /•
*243/8
/
4
16% Jan
'
2,700
/
;
166 y 1.
31%
X
26%
,165%
] 164% 165%
33%
;
26 3/4
•
■
/
'
■
42%
143% 143 y®
44%
44%
46
26%
24
6
7
164% Jun
Oct -V •? 34% Apr
; 32% Jan
V Sep
17%
16
22
15
' ;•v
American
120
Nov
Range for Previous
EXCHANGE
1, •«
' 9
Feb
72% May
132% Mar
.•
/ /? 407/a Jan
104'% Sep
X 150 t Feb
21 y8
10
Feb
6
Jan
Oct
26% Feb v 7
? 5% Jan
V;
:
183/4
18 3/4
38% t 383/4
♦147
*' >.
■:
4
Sep
210ya Mar
Nov ;;•
-
96%
STOCKS
13%.- 13%
•/ 54%
*
105 5/a
105
-19
--165%
150
*147
/U 32%
323/4
54
>
343/8
/
37% / 38
164% 167?
•-
/
32
26%
?
*
:.?• *43 /;
150
156
13
14,300
14%
13%
13%
19
/' 38% "38%
.
Z110
xl37
Dec '
.
42
28 V* Feb
8
Jan
1,100 / American News Co
No par
Amer Power ft Light com—No par
3,300
•
$6 preferred
No par
4,900 .:
$5 preferred
No par
18,600 ..Am Rad ft Stand San'y_._.Nopar
"/
176%
33%
1053/a
1053/s
543/4
:
14%
176%
33%
>
38 ?
r
X38
■/z, 54
/1073/4 108 Vz
143/4
19%
-19%
38%
39 y®
33
120%
7-
No par
100
•'
7
;U5% Jan:
>
/ 15% Feb
No par
1
NEW YORK STOCK
600
?
143/4'
120%
176% 176 Va (
'
35
14%
110%
.14%
136%
220
;•/ 35
14%/
;/1073/4 -:
107
;
i>iXl3%/l4f *
167/;
35
118%
54%
;
*38%
•41%
«
./;
166%
32 ?!
*24
,
14
193/4
53%
150
32
27
24%
24%
41% J 41%
:
53
*148%
27
*26%
:
,/;
38
,
.
105%
X
•19
52%
'.s•:
34 ?
-
; *166 ?167
V *38
39%
;•
150
31%
w
19 y8
38
'
*
178%
105%
1193/8
11%
28f%
4,200
? -20
1,100
//
2,700
•
,?
*12% -13
12%
12%
34%
/ 14%
14%
178%
33 y4
34V4
105% 1053/a
136%
of 111
Shares
*
22
28
136%
y
100 ya,
/11%
:? 28 /
136%
-
21%
*99%
-
11%
28
'
*170%
-
14
,
29
14s/b
/■
5
137/a
13%
•
v
383%
»/' 38-V4
,
14%
33%
100 y®
11%
1/106%-108%
107 Va
14%
*176%
11% "
1183/4
118 Va
:
9 per share
22%/
22%:
*99%
the Week
i
'
*
Bales for
•
Mar. 21
9 per. share
-22%
28%
14%
106%
,,
j»52% -52%,
165% 1663% ;
■.
118
19
38%
*37%
v
143/a
/ Mar. 20
143/8--14%
106%
19%
?
13;/'.
36/
36
v
133/4-
13%
Friday
Thursday
Ctorp
Invest Co
American Locomotive
74 preferred
200
115
Internal
American
184
28
Jan
;
Oct / ;?■• 17% Feb;,
106% Jan.
Oct Z
I
13
37
___10
Co
5%
79
1
74% Dec
45% Jun
88 Va Jun
?
May
Jan
95% Jan
7
.—
*10%
26%
114
136
339%.
?
123/s ; 123/4
35y4 • 35%
136
*12%
14%
179
32%
/
14%
•176% 178%
33 ;.:•.; 33%
105% 1053%
':■••. 14%
106/
28%
136
136/
106%
106%
14
*176%
28%
SS
129*
20% Jan
10
2,500
American Hide &• Leather.^____.l
—-.??- • 64 conv preferred
50
6,700
American Home Products*
I
2,200
American Ice
No par
/,
:
64 non-cum preferred
-_100
13 Va
25%
19/
/?; 11%
Hawaiian
American
193
36%
■i.
1 54% Feb ;1
■
114
22
113/4
36%
/'14%- 14%
•116%: 117%/
14%;
•
11%
*35%
"V
20
;V
11:/1
10%
*13
*99% 100 y®
100 Va
13.'?' 13/:'.;
13
36
141
..10
8
Mar
99
•v
Mar 12
107% Jan
100
No par
7% Feb
1
16
23% Mar 14
i
3
15
50
•
*30
Jan
Nov:
Oct : 7: 64% Apr
12%
5
.
Feb
133% Jan
45% Jan 17
Feb 19
100
17% Feb
>
7
109
>
600
v
28%.
27%
/
9
♦106%
"
9 per share
/
.
21%/22%
28%;
*134.
36
13
3
184% Mar 21
American Encaustic TiH"g T- ,i r-^ ,1
Amer European Sees
No par
2,100
American Export Lines Inc
40
5,100.
Amer ft Foreign Power_./?.No par
400
•
y $7 preferred .>
?
par
1,600 :?': $7 2d preferred A
'
No par
600$6 preferred
par
20%
40
♦52
26%
Mar.
;
:
•99%
looy®,-.
11% -11%,
136%
♦134
f
.
•
,
iooj%
•"28%
Mar. 18
tper share
213%>
21%
ioo3%
11%
13
5% Jan
No par
1
Jan
,1. 90 ya Jan
_iqq
:
72% Oct?
41% Jan
4%%' prior,preferredi«?.____loo
;. Amer Distilling Co stamped
__20
"
J per share
f per share
213%
.♦100%
11
25%
7
13
1,100
18
20%
/,
39%
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
4
::? Mar 17:/•;;•• ?/■
■
7
77% Jan
No par
Colortype Co.
American Crystal Sugar_
2,100
"
13%
.
25%
•J 13
113%
113%
-
•13
?
26%
91
7"
♦106% 112
11
*104
1,600
6%
♦90%
91
:
?/ 5,,.:; •5y®;
20%
; 120
15%
*17%
-39%
28%
g •?.-1
0
6%,
104%
20%°
54
263/4
.
Monday
S&tnrday,
Mar. 15
./
•
31 7Jan
125 % Mar 21
American
400
37%
15%
5%
1,500 "
/ /
100
37%
173/4
104%
92%
;■
i
6%
5
40
*52%
223%
153/4
17%.
:.
21
7
if':
/'
-
/
.
16
: 19% Apr
;
Oct
14.;
74% Mar 20
1
No par
_100
10? ? 5%
;?
:
145
Nov
25% Jan
1
25
t
Nov?
>
57%
Mar 21
67 V4 Jan
100
.10
„
.
1,200
*983/4
-
6%
106 %
40
26%
:
•
*91%
-54/'?
9
26
? .253/4
114
*112
1103%
*21%
22
15%
-5% '
21 r
•106% 106%
S&;lt yu IV "
*13
13% '
10%
.13/
13
;
>
2,800
100
243/4
38/. .38
.
15%.
i8ya
♦105%
:
39%
26%
106%
5%
92%
♦52
«
*106%
;i *10%
112
*10%
?
?:,■ '83/4
8%
.
♦106'A
Z?/J
i,
7%
26%
26%
'?: 26%
/ 8%'
*
•
24%
*98% lOQ
6%
20%
39%
/
/ / 63/4 /: 63/*
/ *52 ? 54
6%
54%
.
38
is
•91
40
40
40
*39%
*
'100/?
38
%„
18%
:
.
'
■<
:
1
143%
25%
243/4
1*21%
22
♦15
20%
20%
:>
*99
5^:r. ?.5:??
106 Va
*105
104%
20%
•
*90
18
,
5%
.91%
?/ 201/4,
22
>
15%
17%
;'-25-"«.."v
5%;
5%
104%
>
38
15%
;.tV: 5
5 ;/ •'•5%
.•
38%
'? 25
99
5%
15% rl >? 15%
l"sl7%r
I71/4
•
;
99
38%
■?! *5%
24
;!
:
*108% i 109%
109%
144 1
142%
142%, 144
50%
1
24
*108%
109%
*108%
1103/4
24
185%
49%
*108
9
"
.ry; KQ
Amer Cable & Radio Corp
American Can
/
Preferred
American Car It Pdy
7% non-cum preferred
Am Chain & Cable Inc
4,800
2,800
180
?
184%
49
♦1073/4
243/8;
24%
24%
22
■Vi
'
'•
,110
111
21%
99
37% :? ;r 38%
•
no:?
60
943/4
186
.
•>./49 zyv
50
>
c
1,000
V 11% Feb 21
16
77
'
i'V 23% ?23%,
s
49
♦185
186%-
•185%
*108% 109%..
143
144 ??
24%
/ *24%
108%; 108%
?,
,1421/2
/
r
95
94%
400
.
:
.
\ 126
:■;// 6 '? 6%
:?<f 6'"/ 16%'
6%
•
95
943/,
49%
24
z
;?
,.r, 186
/,:■ 49%
♦110
•109%
24
•/: 185
49:
1-48%
Ill
? *23 »/4
>
•
186% 186%
r
:
95-
?'■ 6"?
6'/a
6
6%
6
j,\ v
93 % ', 1
v
141/4'»
44%:/
44%
125 Va
126%
.
.^/G
? 93
'
410 f,
?
8% Jan
Alrllnea
/ : 3Vs% cum conv pfd
American Bank Note
64 preferred ::.i-??y>
American Bosch Corp
;
Am Brake Shoe Co.
i: .5V*% preferred
1,600
.
74%
:1-American
2,100
(
27'
27
i 39,000
r
,77
76
'
.*73%
14 '.-'•
14%
"43%
127
10%
10%
.
74%"
.
*14
>14%:
44%
•126%
■
75
i
1
10%
.76
•;• 27 :
27%
'
14%
14%
*133/4
sx423A
10%
75 Ve
-•>74%
V 27 ?
♦126
1273/4
•
k
'74%
433/4
:
••
.743/4 ••'75.,?'
27% :';28,''•'•-••'
'
':i4%;
*13%
i-;>13% -15v/
10%
iQ%
? 74.: 74
26% I?? 87% •28: "76%
*75
76% ?/
,*72%
>
10%'
10
?
/
105 V4
15%
!
Jun
Nov
Jan
Mav
64
Deo
90
51%
Feb
Jan
42
Mar : 5
35
Oct
52 Va
Feb
17
Jan
4
41
Sep
60%
38
Sep
62 Va May
111% Mar 10
52% Feb
8
108
Dec
Xll4% Mar
51
6
16
Jan 29
6Va Feb 21
39
Feb 17
17% Jan
X64% July
43% Jan
15% Oct
13%
Sep
4%
Nov
9*584 *#-»•
?
27% May
24% Feb
10%
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March. 24,1947
STOCK:RECORD
LOW AND HIGH SALE
Saturday
Monday
Mar. 15
Mar 17
I
|
$ per share
fper share
13 %
j" 120
14 %
13%
;
122
"
*153
I
120
*119 %
121%
157
*153
15Q
1105 Va
105 V2
*15'A
16%
.*15%
14
•:■
14
•,,
16%
*105
*105
16%
14
16%
108
•'33%
111
•103*
103%
103
33%
:111
22%
22%
22%
65%
65%.
65%
65%
122
.♦23%
*23
10
16%
25,
.1
21%:
6%
r
21%
'
43%
.♦43
:
6%
10%
:
17
26%.
6%
23%
23%
23%
66
66%
65% * 66 Va
22%:
>/
6 3/8
'
44
*26
10 Va,
,*-93/4.
10%
22.3/4.
6 3/8
6%
..
1,300
223/4
1,800
6i/a
20%
21%
21%
21%
21%
21%
21%
14
14%'
14%
14%
14%.
14%
14%
14
20'
14%
14
20
20%
14%
20%
20%
20%
21
20%
201/2
201/4
20%
♦13%
.
•64%'
14
67
'v.
60
50
19%
*13.%
■■}
'•
•
65
-26 3/4
50%
•'50%
\
r.
22%
•22%
>
20 y4
•
48%
♦106
.
50%
107
•113
>
15%
-
19 %
•
25%
101
10034
30%
22%
.
r 1401/4
*145
90%
57%
*56
*56
*16
30% v
30%
31
*30%
>
:>17%
17%
24
*46%
■"
-
46%
*15%
'■
210
♦32%
>
•
33%
21%
19 ya.
20%
:
400 I
47%//
t
40
'
j
♦114
122
40
;
15
15
i
19%
15%
19%
:
y
105
*54
*103
'56
30
43%
35%
253/8
25%
25%
102
:
101
.
30
22%
91
;//
145
*97%
1003/4 '
20
:
106
25%/|:;
*100
*12
12%
-
*
*70
12%
*8l:
96%
17 Va
30%
:
31
23
23%!.
91%
26%
91
:
145%' '
*104%
30%
43%
43%
433/4
44
*973%
'
96%
/
'
17%
11%
*81
56
42%
31%
'43
44%
45 y4
1003%
;>
104 %
24
1221%
*1201%
12%
123/8
123/8
85
♦101
102
*19%
'
/
1234
84%
•;
:
;
V
121%
5!
*86
.:
.20%
105
101%'
V
;
*99
84
85%
841%
28
283/4
*28
*27%
102
*19%
/
122
102
19%
■
102
19%
Feb
215/8 Mar
8
25% Jun
.23% July
37%:
/
Jah
32% Aug
143/aFeb
Nov
Oct
'83% Feb
17% Nov
7/':
pfd—■
(Del)
L100
8
9
24% Feb
8
'
,24
Feb,
7
Jan
2 /•■
gi/a Jan
30
Sep
Apr
30
May
88% Jun
Dec
-46 y2
19
110
43
Jan
142•
Jun
Oct
6
.
Oct
15%
2
•
Nov
163/8
102
Oct
Dec:
112
Jan
283/4
Oct
58
>Jan
7
245/8
Sep
36% May
Dec
li2% Aug
*
7
'
17
96 3/4
21
6
297/a Nov
22
* Feb
4
85 s/a
i50> Jan 27
52% May
168
102%
102
100
*95
"92%
14%
14%
7%;
ioi%
82
21
5%
18
100
*22%
7%.
*91
*80%
.
*104
•
18%
♦7%
*101 3#a
82 /
21%
18%
♦91
92%
8
21
'
101%
*80%
82
21%
.
17s
a
%■
100 ya
23
14
t'4 14%
.
■
8
2154
104%
104
51/8
-•
17%'
>/
100
♦22
23
"
; •;
380
5%, '
,17%
500
17%
•99
100
23
■
1,600
23
-
30
200/
conv
«
j.
Sep
52
Oct
27%
Nov
•
;l
8
-09v;
/ 39 Vi Feb
1
>
,
Dec
>;
;
Sep
4%
30%
Dec
13% Feb 21
12
Jan
3
Jan
3
14
31% Feb
3
18% Feb
27
13 Va
Sep
203/a
Feb
40% Feb
j
Mar 17
11
30%
Oct
53 Va
Jan
10
23
Oct
42%
Jun
63
Jan
2
35%
109% Mar 21
7
Mar 15
36% Jan
104% Mar
25.
7
27% Feb
3
15% Jan 16
7
18% Feb
123
1
•
Jan
31%
70
Sep
45% May
Oct
1103/a Mar
,
14, 1 Sep
Jan
2
Feb
6
11% Jan
13
14% Feb
7
9%
72 Ve Jan 15
86% Feb
18
70%
Oct
26% Mar 11
30% Feb
17
25%
Oct
7
102
Mar 18.
311/, Mar 11
'
22%
18 %
Nov'
33
NOV
38% Feb
22% Feb
17
16%
Feb
15
100
89% Jan
3
ioo<
Mar 12
100
90
5
Nq
Feb
137/fl Jan
par
1.
-----r
;
95% Jan
16
79
Jan
preferred__100
80
Febil8
10
-,t
p,2^prefer^"—-1Q0
Copper & Zinc—
_5
pI5tlr?n(H M)"—#
r—N° Par
Participating preferred
/. Byron Jackson Co
;
—100
No par
88
4% Jan
Feb
Feb
75;
10
Jan
3
25% Feb
26
8
104
s
4%
102 % Aug
213/4
Jun
15%. Jan
100
••
v
Nov
Sep /;
: / Apr
98. / May
39 % May
110
Oct
May
9%
Oct
99/
Mar
1193/4 May
Nov
15
^
111
Oct..
20 3^
10
Feb
■21%
26% July
Dec
105
Jun
59"% May
Oct
Nov
63/8
4
1
22
>,
Feb
13>
7
■/' 6
;
75
22.
108.% Jan
27
96
Jan
124% Feb
15V4 .Tan 16
'
8
101% Mar 19
20% Mar 15
104
Mar 17
>■
;
8
9% Feb
6
/
6
15% Feb'
6V2 Jan 14
, .
100
Butte
46%
953/4. Dec
84% Dec
97r; Dec:-
10
Feb
108% Mar
.
104%
16
Jun
45%
2.
17y2 Jan
—100 '
Jun
99
-
95% Jan.
—1
com
13Q
-
96% Dec
23% Febr18
191/4 ^ 17
Jan
38% Apr
253/a May
Feb
Oct
120
May
Apr
38% Apr
20% Oct
'
Dec
115
Oct
103-
10
95
Nov
105
28% Feb >3
Jan. 14
Jan
Dec
2/ 345/a Jan
Jan
31
99
Jun
35%
r Dec
72
61%
1073/4 Aug
11% Jan
•/
96
'
187/a Aug
66.% May
35
/Mar
69% July
48% May
57% Apr
;
>361' •Nov
3-
Jun
73% Jan
112 / Apr
;;42% Sep
31
6 Va Feb
231/4 jan 16
__5
—
/^BrOS,COmmon
Oct
101
9
102
.
No par '
preferred
Bush Term
Bldg 7%
42
8
16
22% Mar
,15
:
II
49% Feb
106% Jan lo
No par
—
5" Slnaii
preferred
Dec
24
42
—5
Corp
2nd
I*
:
1,500
.
104%
Mills
preferred
-
Nov
Jan
99V2 Jan
2
Sep
18>
Jan
67' '
3
14
>34
Feb
58
26 % Jan
^opkr
Inc
5fl> >Feb
3
'May
33% Jun
Sep
Jan
—.120
Co
37J/2
14% Jan
No par, y
common
24
33
•
No par
j
3%% -preferred
700
30
97/a Jan
95
—i-loO
Burroughs Adding Mach_
--
21%
*5
17%
4%
5,400
82
34% Jan
Oct
24
116
4% Mar 14
2.50
com__—
15/
97% Mar 14-
pat
Watch
/Burlington
"40
101%
*80 »/i
»5
♦99
■
_
8
*101 3*2
Inc
Jan
18%
"
35% Feb
43"
'
19
49 3/8 Jan
•
30%
i
13
(assented)_100
common
Co
wof
3 /2%
V*
Maine RR
•
Mar 17/
Jan
46*
Oct
31i
40% Jan. 23
Corp--/-lH--..l-ll5
preferred
—^_100
cum
Shoe
iSufvo
Bulova
230
/
29
_i5
—
Feb
Nov
173/4 Feb
•
83% Apr
31
;15%
23% Feb
16
104
;_1
common
(The)
48% Jan
y
:«3>>/Nov
6
38% Jan
-
16
/: 64^
Co
_1
Buff Niag El Corp $3.60
pfd—100
97%
104
5%/
.
14%
1,600
14.700
101%
♦94
Co
Mar 19
Mar
lo:
49% Feb
32 V2 Mar 13:
No par
Buffalo
900
800
;
101%
'
105
5%
*22
14%
7%
101%
*99
24
191/4
97%,
92%'
101%
"
,17%
100
32
IO21/4
*93
14%
21%
104%
32
15%
23
Jan
26% Feb
42V2 Jam 13
173/4 Jan
18 y2 Jan
36
X20% Feb
20% Jan 13 V
—5
A—
Pi?f5f ?reLerred
Forge
700
I.'..--
class
^ F^rr«d
Budd
(The) Co
690
19%
32%
♦31%
19%
18%
%
92%
I41/4
/•
21
19%
~
,
*101
22% I
♦91
19%
102%
100
92%
■;
Co
Bucyrus-ErJe. CQ—
20
^
'
l«3/4 Mar 14-
_5
BruuslBaike-qollender
II,700
*273/4
28%
102
1 102
<
102
'
.
15% Mar 14
30% Mar 11/
__2.50
Oct
<
Jan
35%. Feb
112% July
l93/4 Nov
40
May
Va'
26%
14%
14%
3'
/>
Wednesday
Mar. 18
Thursday
Friday
Mar. 19
Mar. 20
Mar. 21
28
28%
73/a
734
26%
14%:
118%
*116.%
117%
118
*45
*22%
12%
12%
633/4
12%
65%/
12%
65%
67
12%
70
13
70,
12%
12%
.
34%
56
"45
47
231%
*22i/a
23%
55
117
34%
3434
45 %
45
*44%
16%
163/4
37
16%
16%
38
38
38
Jj'or footnotes
see
*121%
page
.
,
/
1607.
28%
53
53
3 Va
3
16%
37 y2
7%
27%
14%
15
45
♦22%
.12%
67%
118%
7%
14%.
Sales for.
C per share,
28
28
53
3
7%
>•;
1,700
>
40
3
14.000
7%
'
3,400
27"%
>
14%
700
/
11,700
118
118
118
118
*45
240
47
*45
47
23%'
*223%
10
23%
*22%
23%
12%;
12%
12%
12%
12%
67
67
66
66%
13
*12%
*541%
56%
*55
117
115%
•
13
*12%
13
56
*-55
50
116%
14,300
:
1,700
100
/
30
34%
*115%
117
3474
34%,
34%
35%
130
45
*34%
35
44%
45
44
44
1,000
*44
45
15ye
173/a
16%
17
16%
37%
38
38
*37%
38%
Lowest
Par
California Packing
5% preferred
Callahan
1
$ per
No par
Zinc-Lead ___]
IZIZZZ-l
16%
17
*37%
39
700
4,200
300
Canada
Southern Ry Co
Canadian Breweries Ltd
Canadian
14 Va Jan
Cannon
Capital
Mills
-
Steel
3
_
Jan
20%
Oct
40% May
12"% Nov
18
July
Nov
147
; May
Oct
58
/
25% Feb
20
24
Dec,
253/s
153/a Feb
13
11%
Oct
22%
Feb
51%
Nov
733%
Apr
12%
Oct,
70
143/4 Feb
52
Jan
20
57% Feb
>
1
18
115V2 Mar 20
128
-
Jan —3 •;
•'
Mar 18
Jan
9
>39V4Jan
50% Feb.,
.
19,% Feb
;
7/
18
Feb '24
'■>
50
2
Mar 20
14% Jan-13
36
123%
43
17
1
Feb
Oct
113
16
l__ZZZZZZl0
7%
6%
18
Jan
44
Apr
v
10
Jan
_5
58
Feb.
13
34 V2 Mar'17
share
473/4 Apr
4834 Feb
12
1
■
3// Sep.
•
".17% Feb 10
132
56
A
Jan
Oct
per
/
Mar 15'
12
class
Co—
wrtnt
7
.-No par
;
Corp
t>ro*orroH
7
Mar 11
Highest
t
Dec
53
8
.22% Mar 12
•$3 preferred A
—10
Carolina Clinch & Ohio
Ry
loo
Power & Light Co— 100
Carpenter
3% Feb.
"
25
Administration
273/8
29
'8% Feb
16
45
Carolina
Carrier
5
Jan
30 3/4 Feb
Jan
Lowest
$ per share
/'
Jan 16
116
Zlitopar
Pacific Ry
X55
f
15 /
3
24'/8 Jan
100
-
22
7
/
Cons Copper
5
Campbell W & C Fdy___
No par
Canada Dry
Ginger Ale Inc__1.662/3
$4.25 preferred
1
No par
^ per
29% Mar'
16
Jan
Year 1946
Highest •' /
share
53
59
Calumet & Ilecla
/
27% Jan
—
69
Range Siftce January 1
'
EXCHANGE
Shares
53
>
*27
H'/a
>
Range for Previous
NEW YORK STOCK
the Week
45
♦12%
117
7%
27%
14%
56%
117;
3%
*27
13
'
117-
'-34%
46%
47
56
7*116
28
54%
118
47
23%
12%
117
t per share
28
7%
14%
*45
•
28
27%
14s4
*22%
.;•
S per share
3
3%
14%
—
*53
;
26%
•
STOCKS
Tuesday
t per share
-
31% July
1143/4 jmy
Dec
143
Noy
66-' Feb
•
No par
1
Apr
283/4 May
35% Jan
37<
Apr
26 y4 'Jan
99
Feb
No par
i.j
Mar
30%
Oct
103% Feb
53% Jam 13
.
May
1183/4 July
;
135% Jan
13
Feb
73-
Nov
101
-
Mar 19
39% Feb
-285/a Jan
'Ma^26''
May
24% Nov
Feb
15
18 Va Jan
3
/
May\
-
31
30%
'
'
•24% Jan
Mar 14
57
39%
11
17-
106
64 Va
Aug
41% Jun
Nov
Hi
104
Jan
-
Sep
31
117; Mar
17% Feb
Maris1:
893/e Jan 16
145 "Jan -li
•
—
Jan
-40> Feb
335/3 Mar.
2&
Oct
66:
15
12
1
Mar
'-
47%
108% Feb
-
Jm
30 Va, Jan
Oct
110% Jan
16
38%
; Oct
401/2 Oct
21 > Sep
18% Dec
21% Oct
7
197/8 Feb
33%Marl2;
-_ioo
Mfg Co__'
Co—^1
$3.60 preferred
»
•
25%
6
17
•62'
v.
No par
preferred^
Brown
3,400
121
Ami
61
v
363%
557/a Jan
54 y4 Jan
xl03% Mar 11
105
Jan
7
100
—I
1
Decker
3%%
.
12%
,i
27% Feb
,
11
>18%
'47% Mar 21
Brooklyn Union Gas__
.
70
16 Va
"16%;
121
29
,
*101%
19%
1023 V
99%
54
26%,
34%
3
13
27
-___5
Bristol-Myers Co
33/4%
1,000
84%
$ per share
7%
*45
104%
84%
5%
54
56
600
24%; J24'4
84%
17%
54%'
*55
104%
24%
,84%
,28%
84
/
28%
*116
104%
fvy
1234
734
28,
7%
*12%
23%
32
12%
*80%
28 %
116
Nov
LOW AND HIGH SALE PRICES
t per share.
116
109%
23%
*31%
•
16%
Mar 17
3
109%
'
233/8
31%
12%
Monday
3
109
120%
104
Mar. 15
*54
43%
16%
V
Saturday
28%
42%
12%
I734
.;
24% Feb
17% jan ir
20"*' Mar-ll "
,
Bearing Co._l
_5
BranifL Airways
lnc/——_2-50
Brewing Corp of America
15
Bridgeport Brass Co
-No par
Briggs Manufacturing—.—No par
Bnggs Si Stratton
No par
7,700
1,200
3,000
HC-'A 70;
2,300
27%
120%
104
; 22%
Mar
50
Bower R611er
5,800-
36
12%
5%
23%.
X35%:
12%
16% : 16%
*95
21
104
48
2i% Jan
—5
Aluminum & Brass-
Boston
3,700
17%'
&
Borg-W&rner
933V
16%
♦120%
82
'•17
1
preferred
Borden
.;> •
300
12
•93
129/a
102
101%
5
5
50
Bond Stores Inc
>
■
1,500
16%
t22
8
2;'
8
69 -Feb
CI®SS B '—----——l—l-No pair
.
4,800
36
-
27%
23%
*24
19 %
*80
Bon
4,700.
4%.-,:
43%
♦104ya
:
32/;
*101
82
>16 % Feb
No par
100:
t—
12%
14%
991%
*
25
18%
141/8
173/4
*98%
104'/a
31%
14%:
105
..•
*17
24%
19%
*7%
-
Bohn
100%J
4%
:-/.12
:p
313/8
31%;
92%
21
*•104%
24%
45 y8
*120%
101
/
13
Jan-13
& Laughlin Inc__™
Bloomingdale Brothers
Boeing Airplane Co—
1
102
"
r
31
18%
*90%
■
12% Jan
1 60
10
Bliss
5,200
27%
*108
,:
24
43
>v': 36
36
43
31%
*96
••*80%,
109
31
r
.
16%
35 y4
42 3,4
18%.
101.
,
•
23%
I
104%.
102
92%.
:
12% i
94
*27%
313/4
102
73%
7
No par
30
56%
31%
*98
;
4%
36%
16%
31%
?; 103 y4
.7%
25% Feb
$2.25. conv preferred
800
106
4434
1003/4
*91
10%
18%/
7%
7
4,700.
-
42%
4%
12//
12%
•17%
109
:
31%
16%
19%
*95
14 "/
'
.
23%
*24
102
1914
103
*90%
£:■
49
56%
36%
;
195
16%
109%
•
104%
28%
*101%
20
31% '32
18%
122
/ 28%
V
t
;
16%
84%
29
28%-,
23%
*31
104%
24
/ 16%' Feb
13
B1£ME W) Co—
300
;
31%
*
~
42%
'
13
/=
Steel
Blaw-Knox
.
*98,;
V.
4%
36% ,«■ 36%
42%
v
4T"
Jan
99% Feb
Black
:
300.
21%
106
55%
"1*4%
17%
34
v
48%
30%
42 3%
31%
50,
2,900
16%.
21
♦103% ,107
*97%
/
12%
96%
■r
*109
23% "
'
900
*32%
54%
45%
31
*15%
vi
i 303/8
44
36 i.'Z
17%
'
1093/a
16%
*83%
*22
4%
21%
50 ; /
;
105
f
441/4
10034
*4%
•
43 y»
'
,>;/■
35'%
t v
34%
21%
50 /
*30%
'
163/4
21
34
50
54%
42%
'16%
16
*120
m
5;
33%
1
*15%
15%
•21%
:
V
*.33
15%
27%
24
*101
15%'
36%.
104%
24
,ey8
8
18% Jan .3.3/
■Bigelow-Sanford Carp Tnc
No par
Birmingham Electric Co._—No par
t
700
*103%
12%
23%
800,
5,100
30%
4%/
*303/4
900
16%'
48
35%
31%
30 y4
51 VA'
1674
4734
27%
23% V
Feb
18% Jan
Aircraft
Bethlehem
57%
y
47
27%
31
r:v/
16%
47
47
35%
23
49^
13-
Jun
40 3/4 Aug
Sep
15% 5 Oct
>
:.
Jan
135
16% Sep
:; 18 i'-lNov;:
Apr
97%
1
N
'
27
734 Feb/ 8
13 :
21% Jan
200:
17%;.
54
36
-v
Jan
BestFoo(ft___-i-r-_-_/-^_."._._J_i.
6,200
25
105
I-1 O O XV":
42
A3'
,
/
Jun
May
»
-343/8
Nov
25
110
/
Oct
.
110 Va
10,
29
27% Jan
16
6y8Mar2l
:
10
29% Jan
/
114,
,
1834 Feb
2Q% Jan
K
30
-12%.; Feb
13
Beneficial Indus Loan___l-^_No
par
Cum pfd $3.25 ser of 1946.No
par
Best: Si Co.1——
3,400
17'/a
273/4
*109
May
130%
X533/4, Nov,
.
Mar 17/
27% Jan
:
16y2Mar20
23% Jan
_50
Bendix Aviation
4,000.
91%
145%
'
;
24%
35
.
Xl
'ia
22%
.
68% Mar 19-;.
120;
Corp
1
1
14'/ Mar 21
i0 /':i/• 12yg-Mai? 14
•4%^ -preferred--/.-—L.-——100> -103;' Jan
2
4,300
1,900
30%
17%.
277/a
423/a
3,4 May
51% May
100 /•: Dec
253/4 Feb
Bell) St Howell-
25%
34%//
109%
9% Jan
.
68
.
10&% Feb
.
lsf
Jan
22 !/4 Mar
-y
_il0d
RR
1,100,
17%
273/4
42%
.
15
24 3/8
,
34%
*108%
57
,16%.
31
17%
34 Va
.
113.
>
Jan ; 2
112
173/4
44%
;
56%
-
-
27%
34
-
.115
__-__20
25%
•-47,:
54
'
16%
i 49
>94
Nov
No par
17%
43 Va1
35%
,
16%
30%
30%
*4%
38
Dec
Dec.
105
:
24%
105
/" >■;-
55
*97%
4%
*36%
263/4
29% M^y
83
Jun
'
Sep
Feb
Belding-Heminwayl_j—'
200
22%
i
Creek
Bell
103
30Va
,
Beech
I,100
35%>
25%
:;/•
,*-145% 146%
57
*16
'
:v'*4%
145
'
34% Feb
Jun
Oct/
15
Beech-Nut Packing Co
:>
57
33%
213/4
49% .-49%
30%
x43%
?
Feb
125
Oct
13
Majr
May
Aug
May
:Nov
50
conv
5,100
34%
101.
23%.
923%',.
*33
105
43 /".
>'
•
44
:
59,
'
121
Oct
(
100v
31
700
1434
*104%
34%
91%
•145
X21%
54
42% -42%
>78
Feb
500
15%/
20
105
35.3/a
10
SK
17%
*15%
30%
30
*
2
Feb
18 3/4 Feb
—13
Beck Shoe A3A%
preferredBeech Aircraft Corp—_1_
1,200.
/
'
117
141%
19%
/. 104%
37:
153/a,
15
:
9%»;
117
■;«>
3%%.' cum-
_
106%
.'9%
*35
24%
46%
22%
40
49
'Jan
46%
Feb
Beatrice Foods Co:
1,100
106% '
<
*106
9%
•38
30%/
31
46%
-
>> ' >
33%
22%
'
99,
112
/ 5a% Jan 13\j
Bath Xron Works Corp—
Ix,
Bayuk Cigars Inc 1—1—No-pan
300
.
17V4
16
33%
22%
'*49%
*103
403/4
*15%
58
Mar 17
.100
4V*%< preferred
Barnsdall Oil Co__:
6,600
24 Vb
1
17% >
24%
24
*46%
16
*48
,
*18%
*105
•;
106
9%
106 /.
V.
36%
*
/
:/ 47%
/ 105
'22%
/
57
16%
•
148
Sep/
40
-
'
57
<-
'
17%
233/4
/
48%
yi
i
23%
20%
30%
•
14614 '
15%
15%
-
30%
/V
*
/
t'-'lT--''
"l5%
-
19 y8:
106
153/4
*9g
.
1
*56
1
■'
Dec <
22% Mar. 14
Barker Brothers)
"-60
50% t
231/8
-203/4
25%
*
>V
23%
35%
-/
91%'
*145
1,100
■}
25%
..'.*35
15%
19%
253/a
•
1,800
200
</-:
52%
48
;;
117
106
22%
913/4
•'*
39%
100%
50'/4
25%
*51%
r 105
38//.,
*15
106/
25%
22%
90
:
25%
52%
*20%
10
mvi
153/a
35
?0%
22%
125
UOO-
—
preferred—!—
Bangor & Aroostook
Conv 5%
preferred—
Barber Asphalt Corp
"
v
30 3/4
30%
107
9%
117
3434
v
V
303/4
153
4
Feb
NOV'
-
70,
xl02
No par
%A%
3,000
14%
*.18%
.
481/21
*35
;
15
193/0
•223/4
Dec
134
Oct
17
107% Jan
3
Works
Baltimore & Ohio^.t
16,100
C
>
64 %'
64%
1
"
"1041/2
•:
65%
50
i
-23
104 i/a
*106
9^4"
*15%
22%
90 3/8 V
903/a
*145 / 146
'
"
107
.]
15'
V
34.3i
25%:
' 101
*98
124%
23
12
,
.11
Baldwin Locomotive
5,800
■
48%
104%
C
116'
-*30%
.
•
9"%
116-
106.
343/8
'25%
•25
48
38
39%
*104.1%
33%
X: •99%
20%
106
*13.
25%
23%
23%
21%
51%
-
39%
*203/8
*35
15%
15%
.
19%
106
333%
15%
'
19%
♦1043/a
'
'
xi9ya
11S'
*15
>■■;
>106
.
9%
25%
51% ;
36
115
153/b •15%
48
•;104%
■
V 107
36
;
*20%
48
X25%
x51%
2034
/19.
106-
*9'34
.
115
:
19%
}
36
■
26
233%
19%'
21%
.14% ;
*64
-49%
52
22%
20%
*106
■-/>
10
'•34
26
*50%
22%
•104%
4
39,
*
*13,
66
50 3/4
19%
V
r
T 10' >•
?
66
*2Qi/4
47.3/4
;
48%
•
/ *104% i 106
15.
65
50%
21%'
"
14%
65
52*
22%
•
14%
-
50%
26
*50%
>
19 3/a
20%
:
65
'
''
*19%
•r,
-
14
;/
•<■
50%
1
•25%
/V
:
?•
26
*13.
14%
•
50
13
13
of. Amer_„5
»
20%'
13%4
'
13
->f
20%
>
1734 Feb
22.
—5C-
Corp of Dei (The)
$2.25 conv preferred,—!
\
65
May i
Feb /
36% May k
30"
Aug
32% Jun 1
112%
Dec
Jan
No,par
/ Aviation
;
Sep.;
Nov
18%
323/4 Jan
No par ;
Co
;'; JUn t
Jan.
62.'
:
5,
1
42 y2
102
4
May
July 1
172
2034, Feb
46ya'Jan
3
' 85% Mar 11
105'
Mar
8.
'.'UVa Jan 13'
—No par;
;
Automatic Canteen
■/
f////•'
-/■{"„
Corp
7
17
Jan
18 y2
139
1j2% Feb
123
25
- Conv prior pfd ($1.20)
Aptoicap Co——4.
..
14,700
2,200
45
Tack
Jan
Sep
112 : /. Sep
125
Oct
20
No par
Austin, Nichols—
200
.•'...v
61/4
44%
45.
Atlas
.
200
10 '4
16%
25
*^16
.
.
6%
•44%:
100
*9.3/4,
%
22%
45
•
29%
'
19
4 per share
Feb
___100
—;
10
55;
y 122
100
24
Jan
'
110/ Feb
3.
15% Mar 14 •?
14
Jan 16
15'4 Jan 13,
par
Atlas Porwder —vjnv--*—i—No par.
4% conv preferred
100-
...
210
118%
,
'
L
Atlas Corp__
.
1,030
{
2234
24%
■
V, 2,900
•
130 Vu Jan
10 y8
&
Highest
4 per share
6
161
^..100
Co
'V153/8 Mar
Jan 30
■: 103Vi Jan
conv pref series; A______.100.
3.60%. preferred series B_—,-JLQa.
110
25,
16 ya
,*2334
23%
45
118 %
.
10%.
163/4,
6 %
44
119%. 119%.
27%, 27%
j
26%/
25
*22%
f;
:
27%
♦163/2
•
23%
6 '4
6%
44
120
24
'
150
Jan 16
:. 47% Feb 20
No par
—-No
16
Lowest
,
4 per share;'
•
v.
4%
320
•
J
>
No pap.' xll8,
—.—100.,
5%
non-cum preferred,-Atlantic Refining
5,000
•/a
103 V4
68%,
,10%
*16%
:
1091/4
*102%
23%
*24%
*25%
109
-
4
—
67.
*.118%
10%
76
341/a
23
27%
22%
43%
103,
,
1,300
f f 100
30
333/8
109..
103.
120./
17:
213%
109
103
*23.14
25
:
109 V3
200
2,190/
53 %
*71
333/s
109%
*118%
*10
53
1294 jaji
-No par
Investment
4 per share
5
Year 1946
Highest,
:
Atch Topeka & Santa. Fe-_
_10a:
5%
preferred™1
__100
A T F Inc
f-.:
Atlantic Coast Line RR--——No par * :, 47t Jan 16
,Atl G Si, W I SS Lines.
,™l,
.
25% Jan 1,7
2,000
15%
*29%
102%
/
22%
67
'-
66
26.
.-*16%
25
22%
•
120
-
•♦10
'17
25.
v
119.%
26
10
'•
103.
Assoc
*
76
33%
,/
107
31
*71
333/4
♦107
>"
100
88%
,15%
52%
,*.29%:.
76
33%
110%
*1021/4
22%,
.♦120,
*71,
49
87%
*
*52%
31,
123
*47
106 Va'
15%'
106
52%"
♦126
450
Par /•;/
•"
Artloom
Corp./
'.
Associated Dry Goods
6% 1st preferred—
7%
2d preferred
7,400
—V.
k.
4-
'
Range for Previous
Range Since January 15
.
Lowett-
$3.75 preferred
1,600
14%
16%
v
•
.
Arnold Constable Corp__-;___--_J.__5
/.'
—
126
873/4
-15%
200
126
•A
•
49v
-
,
87%
107
153%
.*2934
:
33%
*109%
103
-
>
76
33%
:
52%
•
30%
*47
88%
'15%
*71
33%
111 v
50
88%
2,800
16
I6V2
.
.
128
.
50%
--
-
,
.
Armour & Co of Illinois
$6 conv prior preferred
lOc
preferred.;
Armstrong Cork Co__
/
105%
•
714%
:
16%
*126
*1Q5%
76
33%'
14% '
16%
128*
*47
.
*105,
.
*15%
126
151/a
52%' '
>*30%
?109%
16 34
/
163/4
14
14%
.j
106
*125
49
52%
106 /
*15 S/8
156
493/a
'
'.»,
21,600
'200
<
121%
•153 Va
•
;C .V; EXCHANGE
Shares
*
141/4
121%
'
50%
125
107%'
31
*7l
<
14
14%
.•
j
"s
16%,
V 16%
122'
50
•123
-
*105 >
51"%
'
*126
'
86%-. 87%
■■■;:
14.%
51%
106
*15%'
'•
*120%
.
13 7/8
..
NEW YORK STOCK
„
the Week
lt per share
-
14%,
..
Sales for
*
Friday
V Mar. HI
;•/.
*153%, 150:
51%
10534
129
*47
?
122
•
16% ./
•124% 126
•
13%
156
•50%
-v
14
•
16%
125
8.7%
•29%
105%
16 3%-
*15%
14/
16%
124
*120%
.
Mar. 20
1 per share-.
14%,
*153
.
51
*127
-i<%-
<"
105%
-
50%
♦105
•
50%
129
*49
•86%
.
50%
14
'
127
♦126
•
50%
16%
•125 v
14
14
120
50%
■
$ per share
13%
14%
x
Thursday
''■r7v
$ per share-
:,/•.
STOCKS
Wednesday
Mar. 19
Mar. 18
*153
157
50%
<
Tuesday"
:
PRICES
112
-
:,
Oct
*
38%
V 39
13%
Dec-
393^
Sep
61%
Nov
;
•>4.1'
.
>
Jan
Dec
21% May
59% May
137
Sep
;
34;
May
Dec
Jan
Jan
wpb
<
Number 4579
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
YORK
STOCK
RECORD
LOW AND HIGH SALE
PRICES
Monday
Saturday
Mae. IIS
;
S per
63/4
".''34,-^ •;341/a
34%
.
«-18%. .19*106. v. 106%
*106
146 >/2'
*144
Z■>
11
•
ZZ
19%
14a
'«
28%
18%
t *106
113%
115%
,*92%
94%
i*U4,,
21%
11%
*92
9% X.V
*9.
*i2y4
13
32%
33
V. 16 % "•16% zz.;
26%
26% V
22
'
23
28
28%
,*28
46%' .47:Z
9%
7%
.
*6%
•
,
7%
7,'v
'
-
29%
95
29%
'
••-16% ■: 17
26%
26%
*26%
23%
223/4
223/4
223/4
110
*16
,
28
*109 V. 110
16%
•
*28
*16
283/4
48%
53/8
5%
93/8
9%
7%
7%
63/4
7
'•
9 %
-'
*9
7%
•
*6%
7%
45/8
*45/8
5
115/8
12
11%
33%
34%
33%"
235/8
23
33
33
33%
33%
33%
223/4
23%
22%
23%
22% >23%
46%
46%
,25%
z *54%
25%
25 %
57%
*54%
565/9
*54%
55%
*54%
56
1
.13%
123/4'
•
'56%
54%
*14%
15
*14%
19%
*173/4
19
*6%
•6%
*6%
63/8
*42
43%
42%
42%
*42
93
93%
935/a
95%
94
'
27'%
27% <27'A
*
*103
27%
*106
I 110
*6%
*
Products.
13
64
Feb
8
54'A Nov
17% Jan
17
21% Jan
6
18
106
iMar 19
.
Z
143 «A Jan
26% Jan
108'/» Jan
' 7
150
22'% Jan
20% Jan 14
2iy8 Feb
22'A Feb
14
20'
19
20v: Sep
Jan
21
Z
*2
138
13%
*4%
13%
'
1,300
•
117/8
33%
337/8
•23%
23%
6%
Mar 14
.No par
108
5
4,700
475%
483/b
263/8
26%
265/8
56%
*541/4
56%
*54%
561%
55
*551/8
55%
55%
55%
*17%"
6%
6%
14
15
*14%
*17%
42
27%
42
41
41
95%
•
6j/4 ?
97%
95
953/4
27%
27'/a
*107
27
109
95%
,
.
27'%
7,000
*
Chrysler
1,000
8.50
23%
May
51%. Jan
Nov
213A
Nov
13
105
257% July
43
25'A
Jan
Oct
Sep
Jan
Oct
12%
114
32
Apr
173% Mar
25% May
2
48'A Oct
66 7%
Jun
7% Feb
3
47%
Oct
18%
Jan
12% Jan
29
9%
Oct
26'%
Jan
9% Jan
2
7'%
Nov
14% July
8% Feb
1
5% Oct
17'A Jan
33% Feb
7% Mar 11
Z
.
H
15% Feb
7
107/a Jan
"
30
11%
Z; 7
Oct
' Sep
3%
Oct
153/4 July
11V* July
8
11'%
Sep
38'%
Jan
823%
Jan
43'%
Jan
Feb
6% Feb Z4
13
31
Jan
13
38% Feb
7
30%
Sep
27% Feb
21
153%
Sep
14% Feb
413A Jan 16 "
53% Feb 13
28'A Mar 6
34'%
Sep
767%
17
Nov
373A Jan
45
Dec
567/a Feb
11
55
Dec
153/4 Feb
11
14
Deo
Z 25'A
Jan
Feb
18
14
Oct
25 Vb
July
Dec
15
Jan
Sep
53
75% Oct
141
May
Jan
54% Feb 24
; 547/2 Jan
9
Jan
2
157/4 Jan
13
14
'
55 7/a Mar 14
16 V:
20'/2 Jan
*■
21
7'/2 Mar
57/2 Jan 25
Feb
86
1
6'A
427% Mar 17
14.
40.
Jan 16
5
common—
7
17% Jan 13
25
—L.;
Preferred
2
Jan
-No par
....
24 '
11
No par
Corp.—*
42% Feb
Dec
10
23
47/2 Mar 20
100
...——
Cinn Gas & Elec
100
25
Co
Chile Copper Co
15,400
109
*107
fChilds
140
97%
26%
27'%
1,000
42
*40%
103
*107
6%
Nov
11
313% Sep
14% Jan
303/a Mar 10
7% Mar 15
^.100
...
26%
Feb
'
6% Jan *13
12 % Jan 16
:
$3 conv preferred—.—..No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab...
No par
Chickasha Cotton Oil—.
10
18
6%
6%
,
-Nopar
preferred
Chicago Pneumat Tool
%
15
18%
%
preferred.../.
5%
100
*
18%
A
•
•
No par
:
Chlcaga & Northwestern
150
14%
/*'8 y»' Sep;-.
54% Jan
Z6
.No par
Series
1,700
,
:
,1'
Chic Milw St PI P vtc
Jan
102% July
:, 23'% Jan :
Mar is
467/a Mar 15'
,'
(Thel
13'A Jan
116'
Dec
'
20%.Feb
3
Jan
J 17% Apr
9»A Mar 17
:.25
No par
—40'
Jan
23
Jan
Jun
July
Z 29 *
1
llf)% Jun
110% Jan
11":
23
Sep
/ 89 Z
6
28 7/a Jan
27
157/4 Mar 11
1.25
'
A
Feb
13
■
Oct
9 >
18
35% Mar
2174 Jan
Jan
22
Class'
8,000
1,100
26%
.
J
11,500
'
1*
Chicago Great West RR Co
50
5%
preferred..—
50
Chic- Ind & LoUis Ry Co .cl Ai'_25
200
"
5
.Class
Chicago/ Corp
2,400
1
8
•;
•
14% Feb
17
161'%
Sep
8'A
.
11% Jan
26
Chic & East 111 RR Co
Jan
38 >%
24
16% Mar 15
Chesapeake Corp of Va—;
Chesapeake & Ohio Ry—
109'%
32% Feb
'
...
Sep
Sep
Oct
16
No par
Mfg
23%
104%
6
Nov
22
...No par
preferred
81'% May
1
3%
Jan
31 % Jan 23
*
Co
!
3,000
11%
265/8
14%
108
108
8
7%
26%
*17%
r
96%
27
110
Jan
Oct
5.7% Jan
No par
•
2,100 *
6,100
55 Z
>■•
42%
,
Jun
183
„_No por
Copper,
Checker-, Cab
3,400
•
Belt
$4.50
200
9%
•
4 %
47%
15
*17%
<
5%.
7 7/8
73/4
4%-
47%
54%
19%
,.
7,800 J
*'
123/4
*7%
■
473/4-
.
-*54%
73/4
*54%
26
■14%
*14
Mills
Pasco
Certain-teed
20
9%
47%
47%
*17 ."'J
:
500
•
23
33
t
/
-.
de
Champion Pap & Fib Co
49%
33%
23 Y*
Oy4
11%
26
55
Nov
—No par
Chain
28%
11%
113/8
;
y3 Nov
153
20!
800
*63/4. t/7
73/4
26%
31
7
•
Century Ribbon
j
483/4
7
13%
46%
13
No pari
400
-223/4
v.: 5%
7%vr
7%
.7
•
4%
46%
7,700
z
>9%
-
*75/8
11%
46'%
Jan.
39'4 Feb
1587/a Jan
6'%
par'
preferred.,,
Cerro
28%
z\ 13%
11%
Z
10%
16
.
-:
27
«
f
ie
'
5%
7%
11%
v
Jan
X148 \ Mar 10
100
Aguirre Assoc
Highest
t per share
8
No par*
'
11%
•
600
200
3,900
16
49%-
■
rt
5
200
,
no;
28
48%
'•'
133/a
5
H34
share
7% Feb
■
*109 z
16%
28
:
49%
5%
—
3.3
17
26%
'
;
/Z
173/8 'V
32'%
Z;Z
'
95
10
{
29%- 29% '
•:*.12%Z":13.-r Z
:
32
7%
■
*45/8
13
Central Foundry Co—
1>: Z
10'/2 Mar 8 / 14 >A Jan
2
Centual Hudson G & E Corp .No par
9% Jan 25 '
lO'A Jan
2
Central 111 Lt 47/2% preferred—100
4
116
Feb
112% Jan 13
Cent NY Pr Corp pfd 3.40ff ser_100
95-" "Feb
90
Jan
3
•4
tCent RR of New Jersey
12 7/a Jan 31
100
8% Jan 13
Central Violeta Sugar Co
29
Jan
33
Jan 30
»
40
•:*9'%.
'.
13
,
13%'
7%
v
*4% :Z.5zZ
Jan
$ per share
par
com .No
Corp
Central
3,000
2,800/
114%
•
5%
2,000
f
No
8 per
per share
6
100
2nd preferred
Celotex
200.,-
.•
11%
9%
*93%
'
29% m
*12y4
--.32
'
Z-Z7%
l
•••
*23
73/4
/
-
*113
*26%
*109
6%
v
7 3/4
6%
5,300
»
21%
*
>:
9% Z
9%
,;v6%>
•
13%
*13
,h
9%
7%
9%
114%''
1%
9
_23
Z $4.75 1st preferred
30
21
•
Celanese Corp of Amer
200
.
.29%
r
-
Lowest
'
l
Preferred
Caterpillar Tractor—^
14,700
y
106%
29%
-*6%,:-l0:z^-?>
33%
-
5%
Z-
5%
3,800
-148
21%" zr ' -21 t*
•
*93%
17.-:;17%'
-
223/4
110
28
■
33
•:.' 47% -48%
47%
'19%
106 !%
*'
29%
'
*113
12% i 12%-
*153A :/i6%
28%
;.
46%
ZZ5ZZ
5%
29%
".
■:
16%-'..
22%
;
18%
:W '147'.*'
•
-
^
Par
Carriers & General Corp
'.Case (J I) Co__
.
60
21Vt
21%
■.f-n%Miy$ $4 ■*f 11 %
*8%- 10
;
Z
9%
9%
•<
*26% -26%
:• 16
59%
•;
Year 1946
Lowest
"ZZzZ^
3,600
152%
Range Since January 1
Highest
EXCHANGE
.
33%
16 %
•
*21
94%
•93/4
.
13 :
#
'"*109
110
not
16% >vZ';Z 16
"a 5,'v-
■r
23 Z
110
*15%
,
16%
r 26% "Z'26%
22
*109
.
i6%
33
'
200
34% '",35%
•z;:'21%
1131.
*92%
30;
*12%
v/.:
•"
29%
»
9%
113
9% 'i
30
•*'.->•' '*12%
13•t.33, z' 33%
*146%. 148
•
.21%
"93/4
94%
*9%.
30
7
;
*148%
59% v CO Z'
,148
11% -12.-,
-•
115
*92%
'
9%
.^.v*29%
*28-29%
...
*1123/4
94
-9Va
-1,
*6%
--V183/4 -19
*106 k 106% V
'106 Z.
21%
11%'
10 i
10
114
6%
Range for Previous
NEW YORK STOCK
,
Shares
'
,21%
■
$ per share
343/4 t;35%.
*148% 152%
-
29%
293/4,
*20% - "21%"
"
Sales for
the Week
'
5a %
•war
21%
9%
6%
35%
59%!
29%
'
.;9%
35%.
•106
,i48&<:;«
•203/4
f
.
•
106%
.
28%
-
63/4
*148% ,152%
?
Friday
Mar. 21
;
$ per share
19
146
:
29
.
10
10
.'
•
*148%' 152%'-
'^21=^/:21^,
« 21%
21%
11%
11%
21 Va 1
21%
11
.
6%
35 5'
<
zz?. 593/4. :: 60
Z. 106%
146.
;
•'
-
'38%
21%
,
28%
/ *20%
\
59%
ky, 187/8
...
.
152%
$ per share
63/4
34%
59%
59%
Mar. 20
*ev,
6%
35"
*148'/a
133.,
*148
<59%
Thursday
Mar. 19
$ per share
share
*6%
♦6%
Wednesday
Mar. 18
Marl?
I per share
STOCKS
Tuesday
y
1057/b Feb
29% Jan
Z 26% Mar 21
36
11
213/4
6
::
/>Z
6
111
Feb
20
108
Z
Dec
24»/2 Jan
13
28
Feb
18
21
Nov
Corp
No par
407/2 Mar 11
:
No par
673A Jan
•
Sep
Jan
Co..10
59'% Jan
100
108
30'%
114'
Dec
Feb
'
*24'%
•
41%
'41'A
•
24'%
243A
243%
:
24'%
42 >
41'%
247%
24'%
41%
413A
42'A
••"41%
-
25
24 3/4
25
*24'%
42
41%
41'/4
Cincinnati
41'%
6,700
C
30%
1,100
City
City
I
T
Milling
Financial
:
30'%
30'%
30%
30%
z
30%
*10
10%
*10
103%
*91 ■'
96
*91
17%
10%
173%
30'%
30'%
*90
17%
17%
*
10%
•
*90
96
17%
17%
30%
*10
10%
*10
10%
i?U
17%
17%
17%
10%
30'%
30
30'A
10%
96
177%
Ice
*53
56
*160
180
•
;,95 > '
:37 %•'
37'%
'
373/8
112
67
J 68
*108
1,600
95
•
*50
."Z
*92
>
52
'
City
*108
103
108'%
93
93
52
*50 *
20'/4
203A
*377%
38
38
38'A
37
37%
.43'/a
44%
43%
44
433A
433A
*1593/4
156
*1433A
156
*91
'93
52
*50%
52
*50'A
52
20%
37
,
21'/4
37%
*37'%
44
156
100
92
44
156
*1493/4
.*1493/4
Elec
37%
37%
373%
*1,200
433%
433A
1,500
156
*1493/4
Clinton
Cluett
Industries
$ per
I per share
150%
150%
*63
150%
63%
63%
«
*1000
*1000
—
48
48
*99%
*38%
•
*13
14% 1
*13%
*13
14
10%
3%
*13
*13
24%
.
15%
16%
13,700
19%
18%
^
*13
'. 14
141/2
*13
5%
Z
*14
15
90
*13
/13%
-
15
25%
15%
251/8
25%
257/2
25%
25%
25%
251/2
24%
25 Z
251/a.
26-
2,300
,
62,400
103/4
107/a
ioy8
11
11% '11%
113/a
ll5/a
32
32%
327/4
337/8
32%
33
32%
18% "19
183/4
19
19
19%
19%
19%
19
33
19%
85*,
*83%
85
83%
84
*84%
86
86
86
46%
x45%
453/4
*45%
46
45%
46
45%
45%
1,700
39%
40%
40%
41%
40%
40 3/4
40%
41
4,100
109%
103%
108%
108%
109% 110%
*109%
"■■A 23.7/8
24%
223A
24%
3%
3%
*82%
46
/
•
109
,Z"
109
23%
24%
24
/
'3%
.
31%
3%
3%
3%
1237/8
123%
173%
15t.93/4
320 ;
56,200
3%
121
"
5,300
'
-
30%
30%
12%
12%
*12%
273A
27%"
30%
:
30%
307%
30%
27%
123/4
12%
13
13%
13%
13%
273A
273/4
271/2
27%
26%
*317/2
33
13%
27
*31%
33
33
33
33
33
'
6%
6
>
13%
27
3,800
6%
6'/8
6%
6%
6%
-6%
277%
277/a
275/a
27%
27%
27%
•27%
27%
273/8
107%
107%
1073/4
1073/4
1073/4
1073/4
IO734
107%
1077/a
107%
108
,
171/2
17%
17%
177/4
137/4
*13%
17 H
*13%
17%
13%
14
137/a
13'/a
14
477/4
47%
473A
47%
47%
467/2
47
47
47
167%
167/g
167%
17
16.3/4
17%
17%
17
*177/8
z.Z.Z 247%
24%
,-Zf
24%
24i/a
245/g
167/a
17
17'%
;
353/4
*35%
113%
II31/2
42%
42%
17%
177/a
41%
171/4
35%
353/4
113%
413/4
.
411/2
17 '"v,"
17%
17
17
17
36%
36.»A
*1057%
113%
*1131/2
417%
42%
163/4- ,177/4,
11%
11%
495/8
49%
491/4
497/4'
50
50
Id
10
10
10%
10%
107/4
10%
36 7/4
16
; *15%
*487/2
50
'.
J
*13%
14
*527/2
547/4
17
y't'W *56%
577/4
56%
*307%
30%
30%
'
102
\
683/4
*188 7/2
7
*3%
34 Va
102
•"/
683A
1891/4
52
Sep
Mar
3
106
Jun
108'% Mar
101
Jan
22
99»/b
Jan
106 »■•
Apr
57
July
75% Feb
41
Feb
18
5 6'A
Feb
62
13
247% Feb
3
19%
Dec
44'%
3<37%
Jan
17
39% Mar 12
48'% Mar 6
24 3%
Sep
36'% May
39'%
Nov
60 %
152%
Jan
Mar 11
40% Jan 16
Jan 27
147
154
1
102
102
69
■■/-
35/8
35%
297/4
*38
39
*51
52%
■
29%
*50 y8
52%
57%
30%
30%
48'%
48%
63
Jan
47'A Jan
28
No par
—No par ::
.—.No par
4
z;;
188 3A
*102
69
*1881%
31
Dec
37
Oct
63'%
57
*56%
30
29%
*102
103
106
29
29
397%
39%
39%
*5Q7/8 .-52%
*50%
52'A
7
7
*
105'A
Z';Z
*297/4
•.
39
*50'%
105'A
30
i
103
.
•
140
6 7/a
.
2,100
7%
3%
353A
*105
•:/;
36
10
155%
Oct
247%
Feb
—*100
12% Jan
16
17'A Feb
4
127%
Noy
41
Jan
preferred—100
2nd preferred.—100
12'% Jan
16
171/4 Feb
11
'Sep
39
Jan
12 Vb Jan
16
1st
.-..z i
z
preferred
Diamond Fibre
•
•
29'%
39'A
*50%
52'A
52'A
1,200 Z Cot*
400
Coty
•
200
800
29%
39'A
'
Z
——
1,700
;
4
32% Jan
21
28
Oct
47
Jan
243% Mar 17
32'% Jan
10
277%
Nov
47
Jan
10% Mar 14
12
Jan
9
8'%
Sep
14
Jan
48
Apr
31'A Mar 15
36% Jan
7
32'A
Jan >16
22'% Feb
-7
Jan
38
Nov
18
79
20
Deo
13
86
Mar 21
783A
Dec
4R'% Mar 11
50
36'%
Oct
Apr
50% Aug
8
36 %
Oct
593/4
Feb
19
22
Jan
3
25% Jan
31
Jan
2
3'
4
Mar 11
116'% Jan
3
16 Z 123% Jan 29
33% Jan
30'% Mar 18
36% May
106'A
13
108'
f
Jan
Feb
47'A Feb
115'% Feb
39'A Mar 17
,
103'%0Dec
19
23A
Jan
111
Sep
29'A Sep
2
123
NOV
Jun
July
32'A May
,>
53/4 Jan
132
Feb
36% Jun
12% Jan 13
147% Jan
2
12% Nov
18% Sep
25'% Jan
13
30 3/4 Feb
8
24'A Nov
30% Jan
21
35»% Feb
11
»408% May
55'% May
5% Jan
'i
•f
15
7
25
100
—t
No par
No par
Oct
5% Oct
7
103A
Feb
36
Feb
3
24%
Oct
JJan
30
105'%
1093% Jan
Mar 18
20'% Feb
13
17%
Sep
Sep
13'A Mar 15
>15% Feb
54 Va Jan
10
133/4 Nov
23% Apr
xl06'% Jan
17
r
108
2
46'% Mar 12
r
17% Mar
253% July
2
42'%
Jan
60
6
14 3A
Nov
33%
May
Jan
147/8 Jan
17
22% Jan
16
30
Jan
6
16'%
Sep
47
Jan
28
W% Feb
7
17
Nov
32
Aug
35'A Mar 11
.
383/a Feb
3
165/8 Jan
1141% Feb
104
Mar
9'% Jan
54
Z:;
Jan
16 3/4 Mar
55»/a Jan-
15
54'A Feb
102
68 'A Mar 18
2
6% Mar 10
Z 31/5. Mar 12
34'A Mar 15
Nov
46'% Nov
Oct
8
10
2
33%
Oct
19
15
NOV
18% Feb
11
.16
Feb
Feb
54%
Apr
22
July
109'A Jan
537%
Jun
1137/8 Mar
18%
Feb
63
Jan
24
Jan
49% May
Z23% May
13'A Nov
30'%
Feb
Dec
56
Jan
12'%
Oct
23'% Feb
Oct
60
Apr
50
-5
13
55
61
1153/4 Mar
46'A
3
7
20 Za Feb
277%
Jan
52
Sep
67'%
Jan
Oct
397/a May
Deo
109% Aug
Xl2% Nov
Jan?
323% Feb
19
25'%
1053/4 Feb
6
101'%
75% Jan
7
Feb
7
Xl85'%
Dec
210 % Mar
8'A Jan
9
7»%
Nov
14% Apr
4% Jan
4
192
40'% Feb 13
107
Mar 5
2
28'% Jan
16
38
Jan
16
43% Feb
477% Jan
8
37
S'/s
Jan
Jan
104
•
Feb
50'% Mar
•
2
185'% Jan
Sep
T03'% Nov
19
12% Feb
r
7
14
Mar 15
33'%
3
7
Sep
41
17
273/4 Jan
7
101
8
13% Feb
'
Z
Feb
108
8
14'% Mar 17
137% Jan
Sep
12'%
44% Feb
Jan
3
Z 477% Mar 17
-
Dec
351%
105'% Mar 14
13
Z 473/4 Jan 20
97% Jan 13
353/4 Jan 21
15% Mar 15
Xin
24
10
48
Jan 16
37'A Jan>
106
6
Feb
203% Feb
15'A Jan 13
—20
No par
5
—50
Feb
33
29'% Fed
267% Jan 13
;
No par
5
Inc
Internat Corp
1
Crane Co rommon—;—25
3%% preferred
*.100
Cream of Wheat. Corp (The)
2
Crown Cork & Seal
$2 preferred
12% Oct
.'167/8 Feb
25% Mar 20
Corp——Na par
Products Refining—
13
Jan
:
Insurance—
—10
Motors——————1
prior
Preferred
5,300
105'%
29%.:,
39
Corn
•
Jun
20'A Feb
Corning Glass Works common—5
3Vu% preferred—
100
100
70'%
188'%
Aug
16
Cornell-Dubller Electric Corp..—1
Corn Exch Bank Trust Co—20
.
1,400
*3%
■/Z;Z
«
320
57
69%
188%
693A
188 3A
*3% Z< 3%
353A
35
36'%
*105
;*L*V 1
Z;:
3'%
105-7/a
*102
68%
188 'A
118% '
36
29%:
i
•,
—_
3,300
110
18'% Jan
preferred
Copperweld Steel Co
COnv pref 5% series
400
ZZ-Z
603A July
X99
10
233%
Cooper-Bessemer
17
16%
Feb
7
Feb
46.
Feb
69'% May
Oct
70
*52'% •54'A
30
103
69'A
36%
••••'
Dec
42'A
2
200
10'A
500
*13% Z14/Z
14
54'A
57
7%
7 'Z £. 7
■
*3%
33A
38'A
,.
*52%
61'A
Highest
S per share
10
48'%
$3
Oct
16'% Feb
800.
>
130
16'
16%
*48
Jan
56
38'% Mar 10
13
Continental
May
Year 1946
$ per share
103'% Feb
99% Mar 13
13
Continental
Feb
Jun
12 3/4 Jan
'-v', !.y{ZZi;Zz5'''''
Continental
165
Lowest
165
Feb 18
65'% Jan 11
>3
>
41'% Jan
1,300
10,300
7,800
<
' Jan
POf
Corp No par
14%
14%
*16% /17
■
30%
102 '":,Z 102
69
687/4
7
Sper share
share
144
No par C,
Continental Oil of Del
5
Continental,Steel Corp———14
38
S per
111'% Jan
700
,
10%
:■'
143A
14
14
54'A
58
.""29%
38%
.1
•17'%
17
105%
29%
38%
137%
*52%
35%
*1053/8, 106
foqtripZes see-pa^re 46Z-
>
57%
*188%
189
34%
,
17
-307/2
69
189
14
^7%
7
35
<*16%
Feb
Highest
No par
$3.75
May
Range for Previous
Continental Can Inc
100
50%
10
3.900
4,600
,
.
77
Jan
Range Since January 1
$4.50 preferred
100,
108%
375/8
*16 Z
14%
48'%
>141
;
3y2
1063/4
For
*47 3/4
Zt *527/2 -541/4
57%
•31
37%
*287%
>*
16% i 16%
7
*105 y4
•
48%
*
11%
163/8.
14%
16
37,,
c
106'%
50%
z
'
137/a
i
37%
.♦47%
487/2
17%
-
10 y*
377/2
16%
363/4
Sep
24
109
Container Corp of America
20
Continental Baking Co
No par
$5.50: preferred—-i——JV« par
180
6,100
11%
50%
10
*14%
r,
,541/2
v\ '
50%
10 3A
14%
:
14%
137/8
:*•
a
50
1,400
42 7%
40%
11%
14%
16
W7/e
477/8
14%
*527/2
•
*11%
377/a
16%
36%
363/4
113'% Jan
109
f6
10
;,V-•"•'■ '•
*133A
-
367/8
367/4
15%
,J
•
*1057/8
11%
497A
*105%
•
1,300
17
106%
*105%
107
8,600
114
17
41%
40 Vs.
*105% 108 %
106 %
11%
.
Jan
3
Lowest
Consolidated Natural Gas
.15
Consolidated Vultee Aircraft
1
Consol RR of Cuba 6% pfd
100
Consol Retail Stores Inc
1
Consumers Power Co
—No par
7,500
353A
417%
413/4
41
107
300
277%
■35%
36
113%
421/2
113/8
41%
107
♦106
' :
355/„
,
1131/4
11%
107
Feb
108
19
1
Conde Nast Pub Inc
—No par
Congoleum-Nairn Inc
No par
,ZConsolidated Cigar..—
No par
Consol Coppermines Corp
5
Consol Edison of N Y——No par
.' $5 preferred—
No par
Consolidated Grocers Corp
1.337%
Consol Laundries Corp—.—5
2,300.
17
17%
.
42%
1,800
;
177/4
•
17%
11%
403A
413/s
41
17
27%
*1043/4
*105%
.
277/a
1047/B 1047/b
407%
403A
*105% 107
/
14
471/2
26%
*11%
;•
•
17%
1,300
177/4
47
26 y2
,17
17
lOT'A
*133/4
24%
113
42%
106 i/a
*105
1067%
353/4
113
113
17%
17%
17
113%
;
17%
~
*357/4
;
..
"
25
16%
167%
167/8'
17%
14
14,400
27%;
17%
14
47
'
,
r
2,800
6%
27%
6
•
33%
*31%
6 Z
33
67%
27 Va
400
non-cum
•■>Zv z ;Z/."-'Z
2,800
26%
'•
27%
13
205
Jan
Mar 19
Z 50
Commonwealth Edison Co———25
13,100
30%
30'A
30%
...
'
*32 y4
30%
30%
30%
397% Mar 14
4
115'/a Feb
Sep
39'% Mar 14
Mar 18
Sep
105
Jan
91
No par
(Columbus & Southern Ohio Elec...mCommercial Credit—-.—-——10
Z $3.60 preferred—
^100
Commercial Solvents——/—No par
Commonwealth & Southern—No par
$6 preferred series..——No par
7,800
24%
3%
X121-
.
300
111%.
24 ZZ
24%
123%
3%
127
,1223/4. 1223/4
123
40 3A
41
4,400
•
2,100
non-cum
May
44'%
Mar 14
106 y2 Jan
Columbia Br'd Sys Inc cl A
2.50
Class
B
2.50
Columbia Gas & Elec
—No par
Columbia Carbon Co..
—No par
Columbia Pictures com
No par
" $4.25
cum
pfd w w
No par
2,200
25%
4%
22
—No par
preferred
—20
conv
cum
4%
253/4
25
v
Aikman—
&
447% May
(
Jan
111
62
No par
Colorado & Southern—
80
14
25%
10 3/4
: 37»A
37%
Colo Fuel & Iron Corp.
3,900
19'
13%
*13
13%
Class
155/a
i
4,200
49
100
100
.-
31% ' 32
10%
50
Sep
178'%
50
—
Coca-Cola International
26'A
25%
r-
23"%
31/4
23 7/a
13%
13%
39%
393A
:> 1103/4111%
122%
14
*13
46%
-
*13'%
*133/4
84
46
14
13%
31%
18%
*83
-
14
(The)
Collins
19
*12 7/2
gtd
Colgate-Palmolive-Peet
$3.50 preferred
19%
13%
z
Co
150
15%
13
28
Par
500
15%
19
17
Jan
Z
39%
39%
19 Va
Coca-Cola
160
633A
487/2
49
100
393/8
155/8
Feb
STOCK
39%
481/2
*99%
48%
-
*1000
40
18%
38'A May
71'% Jan
62
EXCHANGE
900
153
63%
63%
__
100
48%
v15%
13
153
40
*99%
19%
13%
10%
31%
*1000
15%
13
f
63%
633/4
15%
?
:
243/4,
18%
-
Nov
'95
100
Shares
I per share
153
40
473/4
100
,
;
15%
243/4
152
19
14
*150%
*1000
.
15%
•Z'
$ per share
share
'
19
25%
40
40:-
f
—
473/4
100
100
•*39
39%
153/a
•
48%
47%
100
100
15%19
/-
*1000 '
the Week
*63%
63%
63%
63%
15'%
.3
Co-No par
Co
NEW YORK
Sales for
Mar. 21
152
151%
151%
152
Friday
Mar. 20
$
$ per
$, per share
share
18
20 3% Feb
STOCKS
Thursday
Mar. 19
Mar. 18
Mar 17
Mar. 15
108'% Mar
94% Jan 28
Inc.—
&
Oct
Dec
477/2 Jan
•
100
Preferred
156
Wednesday
Tuesday
Monday
Illuminat
Feabody
97%
No par
gtd 4% stock..
Molybdenum
Climax
273%
16
Co.
Apr
88 s/8
15'A Jan
preferred...—...100
LOW AND HIGH SALE PRICES
^Saturday
Ry
58'A
14
Mar
5
Clev & Pitts RR Co 7%
7,500
44
44
Louis
Oct
10
6
94
28
Special
203/4,
20 'A
21%
St
4i
38'% July
.
117% Feb
Jan
$4.50 pfd-—No par
Clev Graph Bron2© Co (The)
i
5% preferred—.——
100
70
*90'%
C
84
36'/a
;
32'% Feb
9% Jan 16
;
Common stock "when dist"—
1,700
92.
C
487% Jan 30
Mar 19
30
5
100
Cleveland
130
'
109
*108'%
Co
/;
b%
17,300
25,200
69
109
20%
>
38'%
112%
*108%
103
*50 'A
.
20%
C
383A
Z *68
68'%
68%
Clark
10
*111%
38
112'%
<
300
38'A
38
38'/4
377/a
*111
68 'A
91
20
*1493/4
97
377%
112%
68'A
20%
20'%
57
180
*93
383%
;
68
4
'
38 7%
377%
112
112%
67%
52
*50
■
38'%
37 %
37'A
*112
95
•-
373/4
373%
103
-
*55
*160
97
96
67%
*108
56
180
*93
180
*93
37%
67
56
*160
54%
*160
96
>
112%
*112
109
*92
373/4
373%
Z>.
;
-
54'%
lbU
*93
95
37%
-■VM
54'%
*537/4
*160
•:> 180"
95
•
373%
112
.
537/4
53 7/4
*160
*93i%
Fuel
preferred——.
Stores
..../
Equipment
•
<
&
Investing
5% %
18
i7'A
:
400
96
Machine
Jan
9
8
51% Mar 11
58 V* May
Z
.
4%
Oct
75%
Dec
7%
Jan
49%
Jun
31
Oct
101
Nov
110'% Aug
28
Sep
35% Jan
32
Oct
62
Jan
47
Dec
54%
Feb
„
■/,'
THE COMMERCIAL
1600
i
NEW
FINANCIAL CHRONICLE
&
YORK
STOCK
LOW AND HIGH SALE PRICES
V
Saturday
Monday
Mar. 15
$ per
■
share
29
♦116
117
30%
*89%
91
18
♦165
r
44%
18
44
44%
*17%
19%
116%
90
90
*89
30%
31
*30%
18
180
46
18
h:
>
600
Cuneo
45%
*99%
18%
*47
51%
18%
18'%
52
*47
10
:■> 9%
10%
9%
9%
132
130%
130%
130%
130%
>. 66
65%
65%
*65%
66
5%
53/4
'■> 5%
66
5%
5%
5%,
19%
19;
♦129 "
'
19 %
19%
♦129
26%
' 135
>' 26
•26
53/4 >■
■-
26%
19
*183/4
19 ye
135
►129
>
26%
26
:
♦129
26%
8,400
132
f:
*
•
•
,
10,700
26%
89
10
Prior
100
■
Class
>x '
pfd
Jan
Jan
17
96
Mar
22
2
Jan
49
v
6
19% Feb
7
16%
5
45
5
10
4
103
135
,.70 > Mar !.l
17
Feb
63% Feb
>30% Feb
Mar 17
Nov
24% July
82 %
Jan
146% Feb
Sep
76% Apr
12% Feb
Oct
Oct'
34% Feb
July
May
.
1
May
26
:/Oct
17%
18
Jun
Mar
Sep-
5%
8
Feb
Jan
''J
66
106
"Nov
60 >
8
20 y* Feb
129
165
>
Oct/
Feb
56
Jan
287/a Jan
Octl
.
95
> > 12% Feb
*
46 y4
Jan
35
Feb
115'/a July"
Oct
160
,
Mar 12
14
5% Jan
88% Dec
7
Mar
Apr
543/a
17% Oct
101
18% Mar 12;.
Feb 18
26
150
Dec
:
21% Jan
129
No per
Apr
110% Feb
Sep
29
16 :
60% Jan
>
Sep
110
6
165
13
113% Jan
103
8
29
-
17
8% Jan
40 y4
24
Jan
•
7,
$ per share
Oct
34% Jan
.
13
Mar 11
48
100
Ino
16
25
13
Jan
.37% Feb
983/8 Feb >6 '
1
Cutler-Hammer
1,100
1
A
128
Highest
$ per share
8
108% Feb
15 <
Mar 17 ^
40
No par
Cushman's Sons Ino 7%
11
165
•
3
flnrtlfis-Wrlghfc
Feb
273/4 Jan
100
preferred
Year 1946
Lowest
33% Jan
xl7% Mar 14'
Cunningham Drug Stores Inc__2.50
Pub Co (The)___»
No par
$7 preferred
No par
i>
1,900
■>;,>> 100
18%
129
26
50
16,
28% Jan
>
30
■!
Sper share
1153/4 Mar 21
_100
Inc
Press
104%
Curtis
200
53/4
183/4
129
26%
>>:?:"Vt
66
55%
>•;
135
26%
300
10
*65%
53/4
3,000
50
93/8
*130
>
183/4 >19
135
'
46%
28% Jan
__100
; 18%
1,000
180
46
100
preferred
100
;>
t per share- :
,
No par <
Cuba RR 6%
100
18
*165
45 3/4
*99%
18
*47
180
of Amer
preferred
Cuban-American Sugar
7% preferred
Cudahy Packing Co
4%% preferred
'173/4
173/4
9%
'
5%
470
Par
No par
No par
preferred
Steel
Range for Previous
Range Since January 1 Highest )
Lowest
5
preferred
2nd
Crucible
700
31
i
,
,,,>>>>;
,■>;>'/./•,'>
•:>>;'
$4.20
$4
i
.
exchange
Zellerbach Corp
Crown
„:>.<• 1,500
'
101
18
52
*165
46
*99
.
17%
*130%
68
;>•
•'''
410
;•
%> 32%
„>• 90
30
*165
*
45%
*47
9%
>
*65
135
26%
32
,
NEW YORK STOCK
••<
3,000
>><••••■. 80
107%
1153/4
j
90 '
173/4
100%,,
*17%
132
stocks ^
>
V>
>
>: Shares
.
29%
♦107
T.
32
,
'
' 5%
*129
107%
117
32
29 y8
:
'
9%
132
67%
5%
107%
*116
32
293/B
90
'
180
44%
49
117%
32
>
29 y»
107 y8
116%
18%
100%
18
48
9%
133
*65
>'
;
the Week
"
*165
101>
50
*130%
>
Sales for
-
Spersha*e
283/4
90%
28
*17%
180
$ per share
293/a
107 y8
313%
90%
18
29
:
28
28
*100
».
293%
31%
' 89%
'
Mar. 21
8 per share
117%
♦165
18
9%
•116
31
*17%
44%
*49
117%
28
101
.-•*
108
>'89
*
180
*99%
29
*107
31
28
18
29%
107%
116
-
30%
*27
?
29
Friday
Mar. 20
'
107%
107%
»
Thursday
Mar. 19
> t per share
RECORD
"*
■
Wednesday
Mar. 18
Sper share
29
♦107
Tuesday
Mar 17
Monday, March 24,1947
128
Oct
25%
145
Dec
45
D
*25%
26%
*25%"
26%
*91%
93
*92
93
*18%
19%
*25%
26
26%
26%
92
92
93
93
19
19%
19%
19
19
19
18%
18%
183/s
■
'
18
>18
i
31%
•
31%
*110%
112%
19
'
19
16%
16%
35%
37
r
'
313/4
111
19%
16%
35%"
36%
37%
37%
'183/4
40
8%
8
37
'••'
♦111
19%
17%
36%
363/4
36%
37
37
37
37
40%
41%
*36%
393/4
8%
•./>'
40%
73/4
8%
8
25%
25%
<25%
8
:
67
*60%
67
19%
*18%
19%
18
187/a
27%
18
41
*40
47
*46%
22
14%
14%
*52%
•'•<
19
19
18
18
18y2
19
183/4
>27
47
<
52%
•;*52%
27%
-
*27 ye
40
»
■
40
>
46%
47 >;
27%
>*45%
40
22%
22%
>
15
15%
15%
153/4
31%
*30
31
30%
30%
'
52%
52%
52%
*28%
29%
>*52
31%'
33%
18%
lff%-
19%
18%
18%
18%
31
19
67
66
66
66 y8
66 ya
67
68
160
161
*111%
159%
112%
18%
♦111%
18%
18%
*95% f 99
*16%
180
17%
-
31%
*30%
180%
•<
125 %
*113
*95%
17%
*30%
*
15%
31
33%
18%
'
181
126%
29%
32%
159%
17
29%
32%
.
V
>"• 33%
185%
67%
34
18%
68 '.;■>>
Cup
Class
200
Co
Dome
68 y8
68%
1,000
1,000
Dow
18%
IS3/*
112%
18%
18%
18%
183/4
18%
18%
95%
99
♦95%
17%
17%
31%
>30%
30%
181%
183%
17%
126
99
99
17%
17%
*95%
X17%
17%
♦30
31
31"
*303/a
183 > 184
181%
126%
*125%
226%
115
►113
.
.
*113
115
*163/4
17
*163/4
*95%
>
182 3/8
700
200
184
♦163/4
*126
126%
*113%
114%
•>"/
v
17
17
>
Du
200
17
P
conv
de
$4.50
110
common
series
58% Jun
Oct
42% July
Sep
,6% Jan
50%
Jan
3
10% Feb
3
63%
Oct
16 y4
Jan
13% Mar 21
23
Oct
Jan
13
60
Oct
77
Mar 15
h 21
Feb
24
16%
Dec
26% Mar 17
19%
Dec
22
Jan
2
15%
Oct
24
Aug
27
Mar 14
3
23%
Sep
39 %
May
34%
Oct
50%
Jan
25
Apr
42
Sep
13
16%
Oct
50
Aug
34% Jan
18% Jan
353% Feb
143/4 Nov
30
24
28%
Nov
52
7
48%
Sep
623/4
25%
Nov
48
x233/4
Sep
37% May
29% Feb
70
Jun
Mar
Feb
11
16%
Dec
Jan
7
63%
Nov
2
143%
Feb
111% Jan
192
Jun
114% Feb
14
> 22% Jan
111%
Dec
118
> Jun
30
153%
Oct
98% Feb
19
91
Oct
19
Feb
10
15
Oct
34
Feb
25
Nov
Mar 14
10
18 y8 Mar 10 ;
v
94% Jan
13
16'% Jan
16
28% Jan
23
& Co_ .20
180
<
6
108% Mar
333/8
Jan
116
Apr
41% May
58% May
13
194% Feb
10
163
Oct
227
Jun
13
127
Jan
7
124
Dec
113
Jar
00
Jan
1243/4 Jan
—3
.
21
3
13
181% Jan
66
1
pfdl__
Feb 10
37% Feb
July
Apr
159% Mar 17
par
par
No
2
Feb
34
16
16% Jan
'
54
28% Mar 14
par
Feb
24% Feb
8
29 y4 Jan
Apr
17
49% Ian
par
28
Jan
Nff par
Jan
3
31% Feb
2:
.100
(EI)
—" \
60
14% Mar 15
30
Jan 13
jjn
preferred
Mar 21
27% Feb
13,
Jan
18
No par
No par
A
1st
38
13
60
18K
preferred
Nemours
v
> 14% Mar 21
37% Mar 21
25% Jan
.
50o
Duquesne Light 5%
D W G Cigar
Corp
900
Dec
333/4
—3
Dunhill International
Duplan Corp
4,300
126%
114
114
31%
113
25 y4
50
Industries
3% %
173/4
30
30
Co
preferred
Dresser
99
*16%
183%
*125s/8
17
•.»:>
Chemical
$4
5,600
>
6
2
Zno
Zno
Douglas Aircraft
164%
164
10/
43% Jan
Corp
163 %
164
Apr
Dec
20
—a
Mines Ltd
*1113/4
164
22%
,
38 y4 Feb
47;
^No
112%
>"
Nov
11
403% Feb
..2
,;■•>_>
Pepper Co
Doehler-Jarvis
9,200
Jan
34%
17
Feb
45 Va Mar
..23
common
A—:
Dr.
2,000
18%
;
Nov
9
No par
Dixie
120
28
Jun
16'%
13
39% Feb 27.
Corp-Seagrams Ltd
300
53
*27
33%
33%
,.v>
32
53
28%
18%
-
> *31%
,
»>
53
110%
34 V2 Jan
No par
Distil
*1113/4
18%
17
•*
28%
16,900
16
Sep
13
34 y4 Jan
100
Match
112%
164
99
>16%
-
800
15%
; 203%
28
Nov
11
RR
partic preferred
Diamond T Motor Car Co
22%
23% Feb
16% Mar 15
6
113% Jan
16
50
6%
153/a
>•>
35 Va Jan
17
Al___f2.50
Raynolds class
Diamond
700
22%
;>
&
Nov
100
"when issued"
"when issued"
*111%
162
►1113/4
183
29%
4,100
47
(The)
Devoe
16 ya
20% Feb 24
May
31 % May
36 % July
20
112%
162
113
*125% 126%
113% 113%
113%
-
*16%
•'!
15%
>
1,000
40%
*40%
22
52
*28 Mj'
32
27%
>•*45%
22
2,300
34
18% Jan
Preferred
100
Detroit Edison
20
Detroit Hillsdale & S W RR
Co.-100
Detroit Steel Corp
1
De Vilbiss Co
a
I 0
200
19
27%
,
>
53
29
32
32
40% >
47
19%
18%
27 V*
*45%
*28
'■*66%
15,200
67
*183/4
40%
57
22
15
67
27'A
41%
22
14%
27
18%
22
*30%
265%
*60%
*62
19
Co.
July
Nov
16
Jan
29
98 %
17
31% Mar 15
35
Sep
91% Dec
13
110% Feb
No par
18
28
Feb
20
50o
Inc
Delaware Lack & Western
•Denver & Rio Grande West
1,600
16 y4 Jan
10
943% jan
13
50c
CO
Preferred
900
263% "26%
67
40%
•.22
32
26%
*60%
*183/4
26%
26%*
*39%
*30 %
26%
-
19%
;
'
27%
21%
26
67
19%
18%
••
*46%
,
25%
*62
38
Records
30% Jan
Mar 18
16% Jan
100
Mfg
Delaware Si Hudson
10,100
14%
Rubber
Deere & Co
600
2,600
37%
26%
*60%
Decca
4,900
V
243/4 Mar* 11
92
Q
preferred
Dayton
6,900
13%
*18%
4% %
1,000
17
1
100
Chemical Corp (The)
1
Dayton Power & Light Co. (The)__7
130
20
Corp
Davison
2,700
,
112
19%
Cum pfd 33/4% series A
Davega Stores Corp N Y
700
2,200
•32%
■
17%
41
8
32'■
16%
37
40
8%
112
19%
375/s.
*36%
40
Y
♦111
17
>
•:
Dana
200
19%
19% -.193/4
32%
J
500
92%
♦18%
20
313/4
20
37
26
•
'
112
19%
16%
363/4
37
40%
7%
♦111
17
36
40
7'/a
♦91
19% '
19%
32%
193/4
16%
40%
7%
26
92%
92%
18%
313/4
111
*19
37
*40
32
111
19%
'16%
36
183/4
263/4
'
32
31%
1107/b
18%
*26
-
133
14
115% Feb
July
5
112%
Oet
116%
3
13ya
Sep
16
Jan
Jan.
6
•19% Mar
21
Feb
May
j;
LOW AND HIGH SALE PRICES
Saturday
Monday
Mar. 15
Mar 17
Tuesday
Wednesday
> Mar. 18
$ per share
21%
*•>21%
21%
21%
>19%
19%
19%
193/a
233
*37%
233
24
"
*103
49%
23
23%
105 >.
25
*7
7%
55%
>•>
55%
'•>
13%
14
-73%
56%
13%
3%
»
>16%>
3%
16%
*157
158%
*142
146
*47%
158
158
>*143
147
r"
■
48%
'»
25
■>,
'
*36%; 37%
*363/4
3% > 3%
3%
*>>' 16%
17
»>> 16%.
•
48%
>
233/B
•104
110%
133/4
'
22%
7% Up ><•
57v-»,i
3%
*158
162
*144
149
7%
48%
'13%
13%
>;.
18
18
-
16%
*18
.
16%
*70
48%
37%
3%
>
162%
*146
28%
103%
103%
107%
108
*109%
:>
3%
10
28%
109%
10%
*57
58
•>
*85
89
109%
*109%
3% >> :>
3%
10 y4
10%
57%, Y
56
10%
57%
*85
89
,x20%
20%
19%
19%
38%
*37%
8%
8%
10%
51%
28%
7%
;
>
*22%
51
U
>
•7%
?•
.:>>
>22%
.
*40
50 y4
50 y4
11%
11%
22
,
22y4
,
106
213/4
*105
22% >
23%
527/8
52%
54%
108%
*37%
16%
*20
17%
13
82
24%
*25%
For
24%
263/4
footnotes
*85
21
193/e
.
:
*8%
>,.
'•
10
22%
22%
*105
X21 %
42
51%
11%
12
22%
223/8
109
22 y8
.
>:
105
*22
55
106%
55%
-
29%
$5 %
100
$6
3%
573%
20
10%
•>v;> 38%
*8
>y
19%
V
■
52
28%
7%
73/4
7%
22%
*22%
22%
103
'
:
103
40%
12%
51%
11%
223/4
106
22%
*40%
51
12%
22%
227/8
105
22
,
*1023/8
40%
51%
*12%
-«
106
22%
105%
22
22
52%
29%
>
51
18
*24
24%
24
24
54
*53
54
54
56
55%
553/4
56%
106%
106%
106%
106s/8
106%
106 Va
55%
*55%
55 •%
55
18
55%
55
18%
55
18%
18%
18%
18
18
32%
31%
31%
31%
31%
*107
38%
21
163%
38%
16
16%
18%
12%
*80%
81%
243/s
*80%
24%
25%
13
13
263/4
1607
313/4
108
38%
*20
18%
>'
25%
21
19%
13%
82
25%
25%
31%
*107
108
106%
►107
108
38%
38
38
16%
16%
37%
16%
16%
21
21
16%
20
•*38
19%
13
*82
19%
19%
13%
25%
,
*20
19%
13
26
25%
20
19%
243%
263/4
22%
•■•■
2,300
2,200 >
"600
,.700
800
4,100
j
100
37%
16%
:
'300
I
2,900
200
>
Firth
(The)
Flintkote
$4
Food
800
120
13
3
Jan
Oct
14
>
Dec
343/8
170
3%
133/8
24
138
Dec
Oct
24
128
50 V2 Feb
1
40
44%
Feb
4
>7% Jan
167
'
July
56ya
Jun
Sep
613%
Jun
30% Feb
43% Mar
24% Mar 19
55
Jan
29% May
180% May
Oct
3
Mar 19
Feb
Apr
48'A
Sep
Sep
*
80%
Jan
353/4
~
.
8
Feb
156 y8 Feb
4
Jan
123/4
10
L
3% Jan
193/4 Feb
6
5
39% Jan
2
15
153/e Feb
21
11%
Nov
>213/4 Feb
6
17%
Dec
19y2 Jan
8
17
Nov
7
63
Oct
106% Jan 27
104
102% May
Sep-
111
66% Jan
2
76
103% Mar 14
28% Mar 11
106
10
2
2
3% Feb
12% Feb
13
>
67
"Ilia
16
19% Jan
i
J
18
>
2%
3
9%
110
Deo
-
Feb
Jan
111% Mar
Jun
53/4
Oct
jan
23 ya
Jan
Oct
:•'
93
Jan
» Oct
;
95
22%
Jan
:
333/4
Apr
58%
Apr
63%
Jan
10
Oct
11
24% Feb
Mar 11
15%
Oct
25% Jan
21%
Nov
42 y2 Jan
34% Oct
7>> Oct
7ye Jan
Apr
Mar;<
48
3
13 s/8 Feb
37% Mar 14
Corp....«.^£5o
104%
;
41 y2
106%
„
Oct
Jan
90
3
50
10 ye Jan
_
Sep
Sep
21%
Oct
102
Jan
110% Jan
Mar 11
Jan
21 >
100%
110
!
54
18
1053/8 jan 11
Mar 21
X107% Mar 20
2% Jan
2
>
Mar
33% Feb
Xl02% Mar 20
5
17
9% Mar
V/>
+mm
Co
(The)
;
Jan
11% Jun
>
__i»
22% Jan
15
24% Jan
3
V
Nopar
n
«
___•
i0
Nopar
Nopar
par
Rcr-
in
~Nopar
m
__
'
47% No?
1
7
II~25
III~10o
ZZWopar
Inc
30
9% Feb
No
Stores
Jan
313/4 Feb
Co_
Machinery Corp
Foster-Wheeler Corp
60
13
1
Corp
Fair
•
16
5
com
Feb 26
7% Jan
100
preferred
51,
25 Yb Jan
ZZJfopar
com
;;
Corp_l
II
Food
26%
163/b Feb
Oct
Dec
Feb i
163%
17% Mai 11
Cor^UlI
7%
vlvShelm Shoe class A-.IIlNo"par
Follansbee steel
2,800
,1,900
13
114
16% Mar 15
100
Carpet Co—
Florence Stove
Florida Power
14,400
26
653/4 Feb
48% Mar 15
1
_
Firestone Tire & Rubber
4%% preferred
First National Stores
13%
24%
Nov
16
71 > Feb
40% May
112
Aug
27%
Nov
;V,
6>/4
4 50%
24
50
yI__
20%
♦26
Oct
>106%
Jun
&
4% %
conv
preferred
Felt & Tarrant
Mfg Co
Ferro Enamel Corp
Fidel Phen Fire Ins N
83%
'
►25%
•
17%
15
<
jg
Nopar
Federal-Mogul Corp
13
83
24%
108
210
'
I
common
y;
Oct
18
47
Nopar
Federal Light Si
Traction..
>
$6 preferredFederal Min Si Smelt Co
83%
13
82
83.
25%
*107
.
Bldg_
1
31 y« May
Dec
101
8% Feb
Jan
Jan
17
Oct
233/4
4
111% Feb
3% Jan
12
39
7
Feb
13
14 3A Jan
Nopar
Federal Motor Truck
400
,.
3?
>
No par
Federated Dept Stores
1,800
54
56%
>;
1,900
3,200
>•
-
22%'
24%
55
31%
108
500
>
106
173/4
55%
200 >
>•'-•
Aug
27% Feb
13% Mar 14
•
;
143
Rlco._-.__5
200
123^
53% Jan
Nopar
Fairbanks Morse 6 Co>—.
Fajardo Sug Co of Pr
Farnsworth Televis'n & Rad
1,000-
22%,,
RR
6y2 Jan
""{h>
^
Office
209
<190
■
llilif
ljpOO
r
1
9;
Jan
com
preferred
Eversharp Inc
Ek-Cell-O Corp
Exchange Buffet
600
%
100
4
preferred
109
23% Mar 14
109% Mar 15
~_3
Eureka Williams
Corp
Evans Products Co
3,200
3,400
•
g
15
5% pref series A
Erie & Pitts RR Co
500
>
42
53%
55%
i
104 % (
24%
>,
1,800
>4,200
4,600
>
73/4
22%
52%
29
<
<
8%
52
51%
■
39
285/e
>
-
23
19%
39
>
Erie
700
"
7
•153
_
"
preferred
tEquitable
87%':
21%
8%
$5
5,500
9,500
*
57%
*10%
19%
v
>
15
No par
No par
preferred
400
10 y4
Jan
Jan
No par
Gas
Engineers Public Service
1063%
3%
•',>: *85
22
4%
8,600
370
-10
103/4
8%
10
Apr
Nov
11
Phonograph
Empire District Elec Co__
Endicott Johnson Corp
109
109
*38%
103
*40%
88
22
>
500
•
263
246% Mar
14
22
104
No par
Natural
Oct
57
Feb
> 25% Feb
483/4 Jan
l
100
Emerson Electric Mfg Co
Emerson Radio &
1,500
106
Paso
200%
27
preferred
104
■K- 106
>>:
57%
10%
22%
51%
17
103
10%
*56%
8%
,102%
>
33/8
73%
11%
>
"
*3l
page
■ ;
> 107
107%
52
>
18%
29%
102%
3%
>;
2,200
18%
*103%
X1073/4
Y
29%
42
14
El
61
4
196% Feb
~~
30 y8 May
Nov
Jan
7
4
Sep
16%
13
II"
Battery
Elgin National Watch Co
400
1,100
19
$ per share
30 y4
Jan
Manufacturing
Highest
$ per share
•
30
Jan
Jan
preferred
Electric Storage
1,200
51
215
$6
17
29%
X107
>
7%
51%
•
'
>,
>.
28%
104
»>
106
2<?
20
52
22%
133/4
$7
Mar 11
190
Light
300
100
X102 %
39
,
7%
22%
183%
'
22%
.38%
8%
.133/4
17 » 17
>
;
28%
*40%
543/4
16 Va
*20%
see
50
*85
11
52%
*103
107
♦253/4
24%
50
88
21
>
24%
18
24%
57%
>
103/4
103%
53%
*37%
<
57%
88
53%
*107
17%
*80ya
V
12
22%
49%
24%
50%
7,200
162
148
49
103/e
24%
30%
39
12%
10 y8
243/4
*54%
*17%
16%
21
103%
56 Va
52%
54%
107
is
31%
108%
!'•.
55%
30%
v
33/8
52%
106%
;> *173/8
.
52
22%
162
*146
49
18% 1
110%
*233/4
■
54%
106%
107%
3%
283/4
42
106
> 22%
23%
.
54%
-
xll%
22 >/«
*105
>v
*50
1071/4
*109'/4
•
7%
103%
40%
162
29
38
j
Conv preferred
___Ino~par
Elec Si Mus Ind Am shares
Electric Power &
300
2,500
17%
17% Jan
'
243/4 Feb 21
21% Feb 24
100
preferred
Elastic- Stop Nut Co-yI»_Electric Auto-Lite
(The) ~IIII__
Electric' Boat common
[>;
1,200
3S%
17
148
*104%
*51%
1
•
223/4
103%
40%
'
>
73/8
.
%
10%
203/4
■
28%
104%
*33%
1
5
Lowest
t per share
16
Year 1946
'
_jvo par
_4%% preferred
1,200
4,000
>133% 3-13%
v37
■ 37
75
3%
19%
*103%
i<
3%
17
*13%
29
29%
1033/4 104
38%
52
*
24%
106
100
>
Vx 7
*493/4
17%
•
•73
108
19%
;
>37
33/8
*48%
18%
•104%
1093/4
38% »;> *37%
8%
8%
>28%
.
7%
j
23% >
*85
»Y
19%
51%
,
.
*159
13%
'
*7
P^ '59% ;i 59 %
'
$ per share
19% Jan
"corpl
Co
Co
Edison Bros Stores Inc
com
4% %
preferred
Ekco Products Co
60
110%
Kodak
cum
Eaton
4,600
*146
50
16%
'
29%
19%
,.*37%
28 y4
>,
*18
>
24
'
14
163/4
243/8
.
13%;
104%
10%
>
17
283/4
20%
>
»
108
■10%
*8%
18
*103%
*19%
,
18
29
•>- 3%
•i
>•'• '!<
59 y4
6%
2,900
1,200
25
<
>'.*109%
>>Y7%
37
»•
49
;
50
r:
104
104
3%
'i
133/a
73 > 73
•104% 106
%
>107% 108
110%
,
105
;
> 150
483/4
49%
13%
17
if
73
105 %
110%
40
>
105%
243%
58%
:„•••
3%
17%
162%
,
'
7
>
Eastman
*104'%
■
13% t
17%
48% J-.
49%
iwo
::>>.■■
17
*70
105%
28%
19
16%
74
*103%
49%
13%
7%n'v.
14
Eastern Airlines Inc
Eastern Stainless Steel
1,400
*23%
<
•
48%
49%
13%
!'-1
'
59%-.
24
48%
110%»v> *109%
*37
"
233/4
25
1,000
51
Par
■
in
39
192%
>
:
Co
240
50
105 >/2
24%
14
"
•>:
17
233/8
Eagle-Picher
Range for Previous
Range Since January 1
Highest
3/ Lowest
>•*
2,600
21,500
.
192%
104%
25%
21
*238
195
STOCK
EXCHANGE
Shares
22%
38 7%
237%
50%
•-
58 y4
v
>
133/4
37% ih\ >
20%
50
.
105
♦109%
y
>>>22%
39
237%
*192%
50%
25
,56%
>•>>
38%
>
195
49%
105
24%
*i09y4
>13%.
393/a
237%
*192 y2
23 V*
>♦103
25%
110%
<'•55%
37 •» 37
39'/a
>
•>•
22%
NEW YORK
the Week
tper share
20%
193/4
Sales for
Mar. 21 >>>'
t per share
,'22
20%
,
2363/4
50
,*109%
>
22%
19%
:
38 y4
50
•
109% 109%
'7% ;; 7%
>
192%
22%
t per share
22
235 %
192%
.
105
24
38%
233%
192%
49%
23
*103
39
235 >/«
192%
v
49% '
"•
•
STOCKS
t
Friday
Mar. 20
""
234%
195
49
;
21%
39
*191%
''
per share
19%
18%
-
> $
,
21%
*37%
<23
S per share
?
Thursday
> Mar. 19
'
.:>
fo
jirior preferred —H-HHI25
102 3/a Alar 19
108
39% Jan 21
«
Jan
21
423/4 Mar
21
xl 1% Mar 17
Jan
104% Feb
55
>
16
6
X21% Mar 18
22% Jan
Jan
Mar
14% Feb
25 % Feb
29
193/4
20
100%
Sep
Sep
35
26
Feb
10%
Oct
6
21
•
Nov
107% Jan
27
104
*
Sep
>26% Feb
Jan
26%- Jan
112% Feb
Oct
6
543/4
*
45
213/4
Feb
'*■ Dec
Jun
10
34% Aug
108
Feb
*
26 % Jan
59 % Feb
28
61
21
54 y8 Mar 15
105% Jan 10
Jan
363A Feb
Deo
7
13
17 V2 Jan
May
Sep
73/4
8
52% Mar 15
53
88
21%
30
13
30 y4 Mar 11
Feb
107% Jan
60
!
Jan
21% Jan
4
3
6
29
373/4 Jan
2
110% Feb
25
19%
49
51
Sep
Oct
-
105 %
52
16
25%
34% Mar
70
'Feb
Nov
•83%
Dec
109% Jan
70% May
28% July
Nov
Nov
Oct
Apr
37% Mar 21
Sep
>46%
115
41% Jan
6
33%
Oct
16
57
Apr
173/8 Jan
6
16%
Sep
20%
Jun
7
20%
29
Jun
21%
Feb
1053/4 Jan
20
13
Mar 10
Mar 14
23
v
Feb
105
Oct
14% Jan
13
20% Mar 21
11%
Jan
12% Jan
17
153/4 Feb
13
12 y4
Oct
94% Jan
7
71
Sep
81 % Mar 14>*
22% Jan 1S>
253/4 Mar 10>
Jun
Jan
23% May
100
Apr
29% Feb
13
19%
Nov
49 y2
Jan
263/4 Jan
15
25%
Sep
28
Feb
1
Tv"*'
U
.•/
'7! •.);
t». ••••••**
Number ^579
yolume 165
■«
«
••
'
-
■A?/.
.*.<
:ti
''
v&w. k.kj>V.: kAk
•
iff »;■' t
NEW
YORK
STOCK
Monday
Mar. 15
Mar 17
I per share
■
*20
♦45 %
20%"
31%
♦102
102%
14%
14 y4
14%
6%
•6%
*19%
10%
101%
14%
♦14%
A
A
15
18
15
18'
A; 7%
7%
♦37 %
17
17
108
♦98
17
♦96
13%
13%
*105%
110
♦51
52
51
12
H7/8 :il7/a
173
*172
*15
15%
12
12%
75%
75%
♦28%
29%
353/8
34ya
40%
40 S/8
40
14%
143/4
47%
47%
126%
A
k
118
A
128%
•127 y4
104%
104 %
A104%
16%
3%
♦132
153/4
13
12%
;
441/4
x44%
44%
*28%
29%
29
A
158
35%
42
*42
*75
.4,500
::v. 355/8
42%: .42%
/
400
280
357/8
43
5,800
:
14%
127%
♦127 V 128%
♦127
128%
128
118
•116
♦116
119 %
*117%
119%
603/s
.
21%
128
104%
104%
163/4
22
22
33/4
3%
143/4
143/4
273/4
*27%
137
17
17
35/8
135
135
par
14% Mar 13
Co
No par
7
50
1.66%
Electrlo
14
Gen
Gen
600
Gen
134
6%
v
5
5%
53/8
5%
5%
5%
5%
5%
5,000
Gen
22 y4
;V22%
22%
21%
22%
217/8
22%
22
22%
22
223/4
General
Refractories
♦33%
33%
33%
.33%
*333/4
341/4
34
34
333/4
34%
333/4
34%
2,000
1,000
General
120
120
*119
121
'
33%
120
33%
*24
*104 A
AA
105
120
♦104
A
25
:•
25
1193/4 120%
34
33%
AA
25
.
r
*34%'
34
■
25%
105
34
25%
♦104
11
32%
108%
*107%
♦107%
97
Ik; *96
28%
105%
105%
A; 24%
243/8
28
39%.
>.'28%
63%
1
103%
54%
54%
106%
28%
A
122%
28%
64
000
;
:
557/8
54%
*
Goodall-Sanford
3,200
106%
106 3/4
1063/4
*19y4
4%
4%
63/4
•
/
55% A
A 4%.
400.
104
"'
55%
19y.
20
'
107
19%
43/8
7,200
107-
19%'
AA 43/«
•V:A' 63/4
,
4%
■ ,
557/2
54%
4'/2 -
63/4
35%
•6%
63/4
63/4
63/4
353/8
353/8
*35%
36%
*35
36
♦35 y8
14%
15%
15 y8
15 %
15
15
147/8
: 30%
303/4
106
9%
10
♦105
A
♦32 y8
133/4
41%
413/4
307/8
106
30%
106 'A...
*105
10%
10
337/8
*32
14
41%
42
243%
24%
13%
413/4
42%
41
*24%
24%
24%
162 k
160
*60.
64%
>60
66
66 %
68
160
*60
69
11%
11%
*11%
11%
19
♦19%
193/4
19
307/s
31%
303/4
104%
104% 104%
104%
233/4
24
A 23%
1047/4
l'.'\ $>■
68
k'
1
>/.'
30
■
A'
7%
7%
*86
7%
7
7
88%
7%
'
*86
88%
400
11%
235/8
*86
88
*67/8
*36%
1,200
11%
115/a
113/4
113/4
117%
n%
Hi/4
11%
3,800
11%
>
113/8
11%
113/4
IP/4
11%
IP/a
11%
11%
1,000
40
39%
40
393/4
393/4
383/4
393/4
393/4
59
593/4
59%
59%
593/a
593/4
591/4
1,700
59%
$5
II,500
Mar
* per
18
Oil
A
*363/4
37
37
173/4
17%
171/4
177/2
17%
>17%
17%
177/4
173/4
k 17%
177/4
177/4
171/4
17%
17%
.
•107
165
■A *98%
*8%
,6%
57%
,30%
30 VB
A':
7
A A 30
>26%
26 y»
A,
*61%
*160 A 1163
♦160 A
.,♦19% ! 19 %
.55% >55%
r
19%
*131%
7'/4
7%
30 7/4
•303/b
26%
38%
38 »/4
387/4
106%
106 3/s
623/4
163
*160
19%
x
191/4
♦247/s
61 »/2
19'%
vL
18-
-
24%
♦29
'
♦16
~
*26
*29%
27
243/4
243/4
27
25'%
*16
17%
77/4
38%
38
*106
61%
.
103 A:
■
61%
v
19
61%
A -19%
Dec
Nov
29
Apr
40 ya
Jan
k 15
;
21% Nov
2%
56
134
126%
22%
31
♦30
27
♦26
80%
80
126%
126
23 Va
24%
26
25 3A
253.4
Jan
233/4 May
Nov
May
Oct
137
48
150
Apr
8
k
23
V"
22
367% jan
124% Jan
29
k
101
Oct
27
35% Jan
2
32
Nov
11
30
1
24%
Oct
104% Mar 11
k 40% Feb 11
A 105 "
Oct
111
Feb
32% NOV
102% Sep
.60
Jun
118
Jan
2
20%
Oct'
Oct
11%
26%
Jun
29
Jan
47
Jun
4%
Feb
132 A July
'
28
Feb
:
49% May
46 3%
Apr
Sep
Jan.
423A
Apr
24
Jan
105% Jan 20
16
30
Feb
Mar 11
103
Jan
6
393/a
.55
T 57/,
119%
Mar 15
102%
108
Dec
May
7
100
7
Feb
6
122% Mar
-36%
.
k
Apr
56%
Jan
58
May
Dec
;
Nov
A 83/4
Jan
-NOV
151%
Jan
57/.
116
15
106 V
Oct
53
4
Feb
33
foot
100
-
49% Jan
2
57% Jan 24
Feb 18
Jan
3
Feb
7
27% Mar 11
k
30
31
27
1
.
473/4 May
Nov
A
30
100
18
*16%
18
'
1,800
YA
v.
^
40 %
16 %
52
52
52
317/a
31%
313/4
-
22 V*
101;
9%z
21tJ
20%
.20%
20%
25%
•25 Va
-
99%
•;
25%
21%
257/o
257/«
101
A
♦50%
31%
101
■«
90%
207/B
20%
21%
25 V*
25%
253/4
90%
20%
25 V*
:
3,800
Homestake
2
200
31%
Ak
•
$2.25
69% Feb
1,700
;
Apr
113%
Jan
25
105%
Sep
10
19%
NOV
43
-
Feb
5
Oct
Oct
Jan
7
5%
5%
16
7% Feb
12%
Jan
41
Jan
10
107
Jan
Oct
27 V*
Feb
Nov
40%
Jun
5
101
Mar
14% Feb
r
41
64
Jan 23
17% Jan 16
30% Mar 14
102% Jan 4
22
Jan 14
7
Feb 18
86
Jan 24
10% Jan 16
lOVs Jan 13
49% Feb
3
5
v
Feb
5
Deo
13%
Dec
33%
Dec
35
Dec
Dec
21
Feb#
64
Jun
NOV
34%
Jan
158
A
Oct
22 yB
Oct
188%
55
Oct
79
Feb
61% Nov
105
May
75% Jan
21% Mar
7
20%
6
30%
Feb
102%
r
Dec
38% Jan
105% Feb 27
Oct
5
.
40%
?
163% Jan 27
70
Feb
112
Nov
12%
6
•27% Mar
•
18
A
13%
10
37% Feb
8
26
20
2
54% May
12%
28
6
147A Jan
15
:
30% Mar
2
10
167/b Mar
33
38% Jan 16
57% Jan 16
Apr
Dec
203/4
547/8 May
Apr
111
27% Feb
3
23%
Dec
52%
8% Jan
10
6%
Oct
13%
89 y« Jan
2
14% Feb
3
9%
Sep
14% Feb
1
12%
48% Feb
7
31%
63% Feb
8
56%
80
Apr
Jan
Jan
108
Nov
30 V*
Jan
Dec
13%
Dec
Oct
78%
Sep
78
Jan
May
Range for Previous
<;
k
Range Since January 1 -A
Highest
Lowest -Ak A
tper share"
$ per share
37
Jan
6
16% Mar 11
5
No par
—1
2
25
15
100
25
100
25
100
No par
No par
—NoJVn
Mining.
com
preferred-—*
-
Mar
"4 77
Jan
13
26
4
Apr
107
5% Feb
24
Mar 15
Jan
Feb
Jan
Mar
32
Jail
13% Feb
41
Mar
23% Jan
159
Jan
50 V»
107% Jan
Finance
com
12.50
No par
50
.-No par
3
6y8 Jan 16
x30
Mar 10
26 y4 Mar 13
Jan
11
35
,4
15
Oct
39
Jan-22
17%
24
Aug
26 V2
Oct
Jan"
Apr
103
Oct
119
30
105%
Jan
109%
24% Jan 30
20 Vt
Sep
108
Feb
Jan
.
4
151%
27
6
33
10% Feb
3
8
Oct
100y4 Mar
7
99
Sep
Feb
8
8
8% Feb
11
57/8
35% Jan
8
30% Jan
2
12
.
29%
28%
Aug
170
Nov
Jan
39% Jan
160
Apr
343/4 May
60% May
Nov
163/s
106%
Jan
Nov
20%
Apr
Nov
157/a
k 36
Jan
Dec
51
May
Oct
Nov
Jan
109% Mar
106'A Mar 15
107% Feb
13
103
Dec
68
Jan
29
61
Oct
90
Jan
165
192
Aug
Jan 13
37% Mar 14
61% Mar 21
Feb 13
162
17
54
Jan 16
Jan 16
!31% J&£ 10
Feb 26
1^5% Mar 11
22 k Mar 20
29
Jan 27
25
Jan 3
23 /a Mar 15
16
Mar 7
lit ffn
oi
35 % Jan 23
15% Jan 16
50% Jan
3
2R % Jan 11
-86% Jan 13
16% Jan 16
26
Mar 8
1
40 ya May
Nov
19% Feb
Highest
$ per share
100
Houston.Light ft Power Co—No par
Houston Oil of Texas v 1 e
25
Howard Stores Corp
S per share
101
99% Mar 19
preferred-
Year 1946
Lowest
103% Mar 11
42% Feb 13
100
3%%
240
A 8,500
V 400
-
Inc
Houdallle-Hershey
Household
2,400
"
v.
35
12%
29%
102 %
9%
100
Holly Sugar Corp..
100
5,900
:
52
101
90
90
90%
203/4
32
101
301
90%
53
31%
.
'
16
1
5
No par
—No par
5
Hlnde ft Dauch Paper Co
10
Hires Co (C E) The
1
Holland Furnace (Del)
5
Hollander ft Sons (A)—
—5
Hewitt-Robins
900
-
27
40%
.907/4
50
253/4
Powder
preferred
Hershey Chocolate
$4 conv preferred
800
*247/8
*5oya
W)
(G
5%
100
•
kk
23
22 y4
-
preferred
Hercules
16%
*227/4
Helme
140
*25%
'
preferred
(H J) Co
1,300
27
par
21
Jan 27
Jan 16
Mar 20
Jan 14
Jan 13
Co
cum
61% Feb
Sep
Nov
88%
NOV
lOO'/k
160
33 %
8 .
x98V«
2,200
253/4
par
59%
25
100
10
1
100
193/s
80-
par
11
Jan
104
Mar 20
Mar 12
Mar 19
preferred
V:A 3.65%
71% Feb
16
Mar 5
53
Jan 16
106
Mar 4
19% Mar 18
3% Jan 10
6
Jan 25
100
pfd„Nopar
Refrac
No par
3%%
Heinz
Jan
xl02
preferred
56 Va
403/4
♦24%
•leys
18
i
134
23%
16
*100
i
253/4
Hecht
400
126 V*
61
v
par
(M A). Co $4.25
1% non-cum preferred
Hercules
Motors
i6 y8
30%
92
•25%
22%
1,000
210
;
,
61%
40%
*51%
20%
7%
Oct
"14%. Oct
Feb
19
'
163
*22 V*
30 7/8
101
k *16
18
19
553/4
132%
*79
1267/2
;
167/8
52%
92
257/a
61%
55%
38 'A
1063/s
403/g
30%
'
103
Feb
112
k Hazel-Atlas Glass Co
800
50
23%
*50%
*100
.
381/a
132%
56
1327/a
»
103
*106
*158
163
*160
19%
:38%
106%
•102
167/4
53
91%
20%
2,200
40
•50%
30%
101
3,500
26%
23'/4
16 Vb
91%
7'/4
31
26%"
403/s
16 ya
40%
157/g
101
1,200
'
397%
23%
39y«
30%
77/8
31
267/4
*22%
♦22%
16
23
10
101
.
31
1027/s
23
23
30
27
397/8
,
v
132
Dec
31% Feb
Mar 18
Hat Corp
1,400
9
7
807/2
126%
24
*22%
,
*79
80»/2
24
19%
56
128
*126 7/4
15%
39%
Nov
8
16% Jan
17%
106
105
21 y8
Hart, Schaffner ft Marx
of Amer class A
4%% preferred
Hayes Industries Inc
Hayes Mfg Corp
1,200
8'/s
♦987/a
101'
267/4
106 3/s
163
•1317/a
133
k
♦
*160
.:
56
56
A
29
29
29%
38%
62 3/4
*617/4
163
83
23%
*22
Mar
140
Feb
Feb
124 V*
101%
Feb
22%
28
Water
Harbison-Walk
8%
35
8
1,500
165
35
81/8
303/4
'
103
*106
103
103
A
128
*22%
*155
34%
165
conv
Hanna
•
*102
k~
133
21'/2
9
26 5/8
4%
70
21 %
*98 »/2
30%
26 %
1,400
108
8
73/8
7%
26%
*78%
*16%
Jan
80%
2
Par
(WF) Printing Co
Hamilton Watch Co
1061/2
341%
9
307/4
♦126%
27
'kk 9
9 7/4
17%
♦106
'
:f
Jan
123
Oct
kA'^''VkAAkAAAA:
Hall
*1057/4
*155
v
100
100
7%
83
24
8%
3/4
8%
Hackensack
400
21%:, 21%
343/4
26 3/a
129
24
;
343/4
100
*83/4
83/4
56
56
f 131 % ,133
8
100
18
1061/2
•105
215/a
162
*155
345/8
1063/4
♦106
623/4
100
21%
165
*87/4
*98%
103
A 38%
.U06y*ao63%
83/4
105%
30%
A
26%
*102
103
29
135%
Sep
47%
31% Jan
No par
25
'
,.
373/4
106
106
108
22
337/s
•;
*105
1067%
*155
38
*106
108
*215/8
22
34%
*83/e
8 3%
*105
105%
165
34
83/4
*106
109
*155
34
*247/8
♦367/4
387/4
•21%
,
Dec
114
4% Feb
f
27% Mar 10
105 - Jan
4
EXCHANGE
Share *
t per share
I per share
tper share
*36 '/2
213/4
i
126
6
11
8
stocks
the Week
>16%
21%
38%
Mar. 19
$ per share
share
♦1043/4
85/8
A
Mar. 18
IT; A
Mar. 21
Mar. 20
17%
105%
*22%
Feb
104%
NEW YORK STOCK
Sales for
38%
♦1043/i
(
54% Aug
Oct v
100.
Corp
A.kk'AkA;
Friday
V
Thursday
.
17%
109
100
Wednesday
Tuesday
•36%
173/4
*78
Jun
96
No par
preferred-
Gulf
40
59%
Monday
38
*17
♦127
Jan
5
1
Guantanamo Sugar common
1
$5 conv preferred
No par
Gulf Mobile ft Ohio RR
No par
Common when issued ——No par
871/2
*86
38%
1 per share
•4
Feb
42
3
Feb
Grumman Aircraft Corp
1,600
.
7
7
7
871/a
*86
59
r
Mar. 15
>61
Feb
56 y8
98
—No par
Co—
Steel
k'S H
>37%
7
Apr
Oct
10
No par
com
preferred!
4%%
390
1043/8
235/a
24
LOW AND HIGH SALE PRICES
*102
k39%
Apr
52
Jan
pfd—No par
No par
100
Green Bay ft West RR
100
Green (H L) Co Inc
1
Greenfield Tap ft Die Corp—No par
Greyhound Corp (The)
No par
;
10,500
11%
11%
^
Saturday
A
9
40%
182
-i
97
Great Northern^Ry 6 %
Great Western Sugar
k h Preferred
:
1,200
:
307/a
1041/4
1047/4
*235/8
24
Ckvlk 1.700
19%
3l'/s
>
vi,
303/4
19
31
233/4
3,700
7,400
•19%
19
104%
59
*98%
45% Jan
"
Oct
22
Co
5
3% preferred
100
Grayson-Roblnson Stores Inc
1
k
$2.25 cum. conv. pfd,
„Nopar
Great Nor Iron Ore Prop—No par
A 643/4 ft/Ar v
68
Union
Grand
Granite City
100
42%
•60
A
67%
'
*83/8
Dec
Oct
Jan
Grant (W T)
1,900
.
,
''"24% ,i .-24%
159'/a 1593/4
>4%iAi:
-
67 y2
A
137/a
41%
.t:
*155.v158>m.
64%r
30%
233/4
89%
«
33%
156
108
10
Inc
(B F)
600
337/a
%
137/a
Co
$5
1.200
10
10%
10 Vb
24% :/l
19
104%
73/8
*86
34
3
27%
;
2
No par
No par
60
1
100
preferred--—
—-No
Goodyear Tire ft Rubber
No
k,k $5 convertible preferred
No
Gotham Hosiery
No
Graham-Paige
Motors
Granby Consol M S ft P
'
A 200
.
1053/4
•32
k 417/a,
rt
:
-
303/4
*105
137/8
31%
s
:
337/a
14
6'/8
303/4
10 %
337/8
14
*160
67/8
xioy«'
34
133/4
66
■
A
31
•
*105
10%
*33
•v
31
106
10%
34%
133/4
'
303/4
67/e
1,200
14,100
2,300
15%
15
A
;
36»/2
14%
•" *35
400
v
k
19%
Goodrich
.
-
*155
Sep
7
Jan
'
■
.106%
"
*107
x35%
8
26
Apr
90% Aug
47% Aug
103
5
preferred
Glldden Co (The)
Ak 4%% conv preferred
Goebel Brewing Co
Gold 61 Stock Telegraph Co
I,000
657/2
*1037/4
55 y4
4%
20
43/a />%!.
307/s
AA *7
Brothers
4
60
,
28%
64
64
i033/4
19%
A
$5
1,800
123 k A
287/a
283/4
64
106%
24%
>17%
13
Jan
Apr
16%
Sep
A-A 74% Dec
19% Jan
32% Mar 11
No par
—No par
$4.50
403/8
*122
*1023/4
19%
104%
41
47% Feb
8%
28 y»
100
Safety Razor
conv
preferred
Glmbel
-
6,700
a 56
6% A 6%
6%
287/b
100
.
25'
: *55
56 A
*63/8
103% '
'*106%
31
*23%
287/e
106%
;■
kl9.kAk i<?,*183/4
58%
2
'
Nov
100
Gillette
102 »/2
40 3/a
401/4
*
122%
A 54%
-65
104%
283/4
102%
A
108
24%
•99'/2
40»/4
122
54"%
67
*39
preferred
preferred
11
13
6%'Feb
v
:
9
200
26% Feb
30% Jan
112V* Jan
32% Feb
24V* Mar
103% Jan
1
Dec
'
24% '25 kk
*160 A 163 >-"v: •l*160
162
••*' *58 A 643/4
*58 A ! 643/4
A
4%%
$%*
;
9,900
A x30%
255/8
19
121%
24%
♦55
54
413/4
30%
A
*105 »/4
-6%
63%
-
*65
123
6%
*102%
>; T
9%
*25-
6%
63'/a
13%
413/8
29
:
97
106%
*99%
'
1033/4
*105
^35
A
*947/2
97
,28%
56
62%
106
:
20
*106
283/4
40%
*106
30%
9%
106 3/a
33%
28 3/a
102%
:*55
103%
15% >15% A
i
2,500
*104
*105%
A 24%
25
40y4.
56
63%
AA
-A
.35
*122
A
283/4
19%
6%
*13%
124
A.-
40
k *55
6%
103%
:A'
,
45/8
*32
6%
*99%
62%
20
106
33%
k
106'/a
*94%
'
108.
24%
A
*1023/4
.
106%
*30
400
33%
♦106
29
*105%
24%
102
40;
A
56
6%
*122
*28
k
63%
35
393/4
■'k
6%
6%
3,000
25%
105
Apr
Apr
Feb
105
5
Jan 16
21V* Mar 18
No par
Corp
1
Gen Steel Cast $6 preferred—No par
General Telephone Corp
20
Gen Time Instrument Orp..No par
4%% preferred
:
100
General Tire & Rubber Co
5
k
180
343/8
25'/a
105
33%
97
28%
...
106'
24%
*99%
♦55
*102%
*19%
*94%
28%
*105%
245/8
102%
.40
A A 4% ;
108
24%
124
28%
106%
97
28%
*99%
*55 k- '■'56
*123
Xl06%
108%
*95%
,
337/8
119
34 y8
27
*104
33%
34
,
♦107%
28%
•105%
*99%" 102
•A
97
33%
119
,
34%
*25 y4
105
5%
14%
109
<
A A-
27%
•6%
A
108%
♦95%
j ;',v V.'
39%
111
\
1193/4 A,
34 y8
27
>104
105
■
119
34%
*25%
;. k:
5%
5y8
Apr
10% Sep
X170
Dec
128
14% Mar 11
Shoe
k
71%
65% Feb
26V* Mar 14
133 v Jan 31
10c
preferred
Realty & Utilities
53/8
*21
Sep
X122
16
No par
100
Corp
21% July
Dec
Deq
51
20% Mar 14
3% Mar 7
10c
Service
Utilities
141% May
13%
48
A 16% Mar
15% Jan
Nov
Jan
Feb
r:
2
Precision Equip Corp—No par
15
131% Feb 25
Mar 14
xl01% Jan
Jan
78
39% Feb
126% Mar 14
115 j Jan 14
51% Jan
3
125% Jan 17
:
Jan
May
67% May
24
May
33
44y4Jan 23
No par
Deo
38
160
>
133/4 Mar 20
$3.75
Public
.,.
2
100
100
10
Hallway Signal
'
4iy4Jan 16
-
17
104
78% Jan
•
151 y4 Feb 21
34% Mar 18
40
29%
Deo
9
18% Jan
14% Feb
7
5
28% Jan
Sep
7%
13
175
13
74% Mar
26
58% Jan SI
13% Feb 17
Mar 11
11% Jan
Apr
Nov
17
24
Jan
Jan
Jun
14%
8
Feb
109
11%
21
223/4
Sep
8% Nov
15% Feb
Mar 12
No par
common
Public
110
Jun
July
15% May
Oct
18%
43% Feb
4
18% Feb 24
50
Jan
2
xll% Jan 15
168
Mar 5
1
General Motors Corp
$5
preferred
...
Gen
9% Feb
13% Mar 14
No par
'.
13
Jan 17
105
7
2
8
xl7% Feb
3
'
19% Feb 28
16% Jan 27
100
5
_5
7
Jan
12% Feb
Mar 17
.
100
1
Co
21
37% Mar 18
50
2,000
12,800
:
17% Jan
1
1,600
28'A
*132
;
No
17
»% Feb
19% Mar 11
2,000
147/a
*27%
A
17% Fee
A 9^, Jan 13
series
No par
Gen Outdoor Adv common—.No par
:
3%
14%
28
*132
:AA 3%
14 5/8
283/4
•
.
13
-
103% Mar 10
3
Investors
Preferred
16
6% Jan
1
preferred
Mills
11
20
;
preferred$%*
conv preferred—
:
2,500
22%
3%
112
Sep
kk 6%
600
104 5/8
22
28
Sep
10 Vs
Jan
12 y4 Jan
100
1
Amer
General
230
'128
A 104»/a
99
100
General Foods Corp
General Instrument Corp
2,200
:
17I/4
14%
600
!
128
128
15
*132
463/a
22
167/8
*21
33/4
143/4
595/3
128
211/2
*132
5&3/4
17
3%
.
46%
128%
17
27%
•A
*14%
46 »/4
;
,
104%
104%
14%
14%
60 y8
*128
14
*46 y4
119%
.
59%
126'
163/4
47
133/4
48
No par
,33,900
128
137
•
100
59%
45%
59%
14%
Nov
Mar 14
31% Mar 17V
No par
6
No par
100
50
No par
100
26,100
471/4
14'/,
28%
General
600
,
14%
-
2
Bronze Corp
<
General Oable Corp
4% 1st preferred
i% conv 2nd prelerred
General Cigar Inc
1%
preferred
130
29%
35%
.
Jan
.General
10,300
'
157
42%
,
(
1,900
43%
29%
39-
16
1
common
preferred
Transportation
General Baking
-—
$8 preferred
no
k
123/4
157
Jun
27% May
$4.50
75%
•.
*42
1563/4
Gen
14%
12 l/a
1
•
•
433/4
35
43
14%
29%
156%
355/8
:
75
*29
A 157% > 158
A
12% V
75
•
A
v
;
Gen Amer
1,200
52
>
12 y4
75%
A 104% 104 3/a
28=Ya
*132
15
x75%
413/4
,
28%
137
>
5%
12%
58%
14%
-
15%
Jan
61
Nov
preferred
conv
1,700
11% .117/8
*•172
174%
174%
15%
353/a
; is y«
■'.A: 21%.: 21%.
/
3% A 3%.
26%
♦172
757/«
v
40%
16%
14%
174%
35%
Sep
16
Industries Inc
conv
6%%
110
51'/a
Sep
45%
18
Gaylord Container Corp
60
127%
104%
*16%
26%
♦172
4%%
47%
128 3/4
14%
11%
151%
i
*116
*127 v*
AA 3%
513/4
11%
343/8
A'57% ''58%
21
51%,
12
A
118
57%
21
52%
4,600
13'/a
*106
11%
300
17%
20%
Jan
pis._erred
Gardner-Denver
112
6
10
22
Mfg Corp..
Gamewell
Co
(The)
Gar Wood
37%
25% Jan
50% Feb
preferred
6,300
A.
:
S per snare
19% Mar 14
iTnej common
Xne (Robert)
1,700
7%
Highest
t per share
44% Mar 17
Galvln
200
'
181/4
k
*133/4
110
52
173
15%
tper share
10
Malting Co Inc_l
00
Co
6%
$ per share
:—No par
Co
Trailer Co
cum
Gair
5,000
200
17%
137/a
♦106
4%
GaDiiel
2,200
♦103
-
12
158
■:.A
143/4
111
137/a
110
63/4
10%
37%
17%
101
13%
•105%
A
35%
57%
133/4
110
A
38
52
,28'/#
.
•
119% A
137/a
105
44
vl
; *47
47%
A 127% 127%
1263/4
*116
105
757/8
>
•
-41
*14%
108
12%
158
35
173/8
173
•28%
/ 158
*37%
18
130
203/4
*18
7%
k
7%
Sugar Co
Sulpnur
Fruehauf
1,600
15%
18
7%
38
•k; ,15
76
'44
283/4
A 158 k
*157
v
12%
:,A 76
A 433/8
18
17%
11 %
15%
'
12
7%
38
*51
173
A 15%
v
44
*43
51%
173
is y4
7%
3,700
10%
kc
153/a
17 %
*104%
♦11%
18%
♦15
A
14%
*20
10 3/4
Par
Froedert Grain &
102
63/4
203/4
10 3/a
373%
13%
321/4
67/a
*20
15%;
7%
*98
135/8
32 y8
14%
17'A
108
Freeport
*10iy2
373/4
.
„
3,700
16i/2
143/4
10%
*15
45%
1013/4
63/4
20%
10%
A.A;'A'A A;:A ''
Francisco
*16%
■
Year 1946
Lowest
'
Shares
2,400
*141/4
18%
7
17 y8
13%
110
*105%
A;-;
37%
321/4
7
*20
15 %
18%
•
7%
A
*37
10%
16%
Range for Previous
Ranfe Since January 1
Lowest
~
Highest
EXCHANGE
22%
1013/4
15
63/4
20
10%
*15
; 18%
7
38
7
20
r
I.
15
18%
.
6%
A
mm-m.
NEW YORK STOCK
45
45
321/4
101%
f per share
AA
22%
*16%
32%
15
A
22
,
45
16%
:A> 32
102
14%
22
45%
*16%
-
# per share
22
45
16%
*14%
20%
10 v4
10% ''
the Week
tper share
32%
7
19%
Mar. 21
*101%
v
19%
Mar. 20
45%
31%
,
102
6% A
♦10V4
Mar. 19
21%
*16%
31%
102
Sales for
21
45%'
16%
31%.
*
20%
46%
♦16%
32
Friday
/
v: g
••
>A,>
Thursday
1601!
A-w>
,1
kv-vkkA'STOCKS
Wednesday
tper share
20%
44%
161/2
*16>/4
i
Mjy.18
t per share
20y2
46»/a
.
Tuesday
"
RECORD
•
LOW AND HIGH SALE
PRICES
Saturday
0tid
THE COMMERCIAL & FINANCIAL CHRONICLE
41%
Nov
Dec
k 44
Dec
105 V*
Dec
Jan
22
169%
Dec
22% Feb
8
17 V*
NOV
Feb
5
Mar
1
130
Jan
139
Apr
Apr
11
76
Sep
106
May
Jan 30
123
63
133
81
132
Jan
29% Jan
4
32
Feb
10
29
Jan
31% Jan
46%
22
26
38%
72%
Sep
146%
Nov
Jan
Jan
39% May
Oct
x43
Nov
May
29
217/8
Sep
41%
Oct
37 ya
Feb
2
3
227/,
19
18
Dec
40
25
Jan
25
22
Sep
34'A May
43% Feb 27
19% Feb
1
56
Feb
21
32
Mar 20
347/a
Oct
Nov
27
Sep
Mar
6
22% Mar
6
99% Dec
78% Sep
14 y, Oct
5
24%
6
30%
103% Jan
94
29
Feb
17% Mar
20
Oct
Oct
Jun
56
Sep
12%
46
Apr
May
~
Jan
28%
Feb
52%
Apr
35% Jun
111%
96
»
30
47
60 V*
Jun
Dec
Apr
Julv
Feb
FINANCIAfi CHRONICLE
THE COMMERCIAL &
STOCKS
Monday
Tuesday
Wednesday
Thursday
Mar. 15
Mar 17
Mar. 18
Mar. 19
Mar. 20
S per share
$ per share
$ per share
6%
6%
6%
6%
12%
*10%
11%
*10%
11
37%
37%
38
17%
17%
18
21%
21%
38
38
38
:
37%
38
37%
38
16%
17
17
17%
17%
17%
17%
17%
37.%
17 Va
20%
20%
21%
21%
21%
21%
21 %
*11
12%;
20%
21
6
5%
6
37
36%
6
*11
12
;
6
6
Hudson
10,100
12%
6'//
6
5%
/
6
5%
5
■.
3,700
'*
21%
5%
'
6'
'
"
*36%
33%
37%
*36%
25%
37%
36%
23%
26
25
48
48
36%
36%
37
•25%
,;/y>':.' 251/8
26
9Mi Jan
100
16
.—*-6.66%
Foods Inc—
Hunt
,Hupp
>•
I
Jan
13
.
11%
33
13
25
24%
*46%
50
*46%
50
*47
49
*92%
94%
*92%
94%
*92%
94%
19%
*19
*19
19%
87/a
19%
9
25
25 %
'
*92%
19 Va
8%
26%
26%
26%
26%
13.%
13%
13%
*13%
/■■
26%
13%
>19
v
9Va
*26%
13 Va
39%
8%
9
*13Va
40
117
117
118
118
180
179%
180
*178
15%
15%
*7%
*106%
15%
15%
8%
*7%
41
15%
*106%
157/a
8%
42%
*106%
107%
107%
5%
5%
12
203
202
203
5%
12
11%
78
'
5%
>■>•■
12%
-56
2
5.
25 Va
8
200
203
79%
*182%
183%
•182%
183%
182%
8%
8%
8%
87%
*8%
*26
26%
26%
26%
26%
*87%
90
87%
87%
4%
"
v
31%
*4%
31%
31%
*103%
105'/a
12%
*51
55
40%
y
40
13%
tih.
*22%
Oct
45%
Jan
41
Oct
85
Jan
21
Feb
.87
Sep
99%
Apr,
*41
10 Va
14
13%
49%
110%
140
104
*103%
13
*12%
13
♦109
110
108%
5
»51
42
55
42
45
*32
14%
*
14%
41
'•/H
V
28%
18
>
28
22%
V
i
*127
,V
29%
107%
yy
>/>
107%
22V8
23 Va
52%
*15%
16 %
23%
23
14%
14%
700
>400
23
Interstate
400
41
200
*39%
♦150
,
•Intertype
16
V-.:
16
■yy
45
'45%
*43%
45
10%
10%
102%
102%
50%
49%
49%
49%
49%
*108%
*
125%
122
*117%
*108%
109
123
122
123 y8
122
99
*127 ,w 140
34%
*98%
29%
99
29%
?
300
29%
Kalamazoo
17%
*74
17%
!
23%
23 Va
23 Va
52
52%
24 "v
*23%
17 '•••>
/• 16%
17
&■•'
'
75
457/a '
45%
*43%
*74%
108
18
*16%
75
98%
35%
51%
35%
35%
35%
52%
yy 51%
51%
46%
52%
52%
•45%
46%
45%
46
46%
30%
30%
98%
46
*42%
97%
97%
35%
35%
: 30%
V' /
45%
Tuesday
Mar 17
Mar. 18
S per share
108%
*16%
>
18
75
V:
31
?
t per share
5%
5%
12
*11%
41 %
40%
5%
'
'5%
12
90
97%
36
35%
*40
12%
,V
-12
52%
52%
45%
46%
46%
$5
98
12%
12%
12%
55%,
*53%
51
50%
28
99%
27%
*98%
50%
*49% V 50
28
27%
99%
4,400
.
37%
6%
6%
6%
6%
2%
2%
2%:
2%
>
*28 y
8
22%
7%
377/a
*22
7%
./
*28
22%
22
10 Va
37%
49%
55%
44%:;
44%
18%
'
18'%
22
22
49%
C
50
38
8
22%
V,7%
12%
39%
.12%
*53%
(
49%
50
18 Va
22
51
50%
50%
10%
!>: 10 Va
29%
29%
85
*36%
38
54
44
24%
z";
*37%
7
*35
11
-
*36%
•'■
54%
49
24
11
103%
31
84%
>
7
44%
49 Va
•35
y 24
24%
8%
17%
17%
81/4
55
;
5C
44%
71 V
17%
17%
17
19"%
19%
197/a
r
168
10%-
31%
>
31%
31%
31%
>
85
85%
85%
85%
*36%
55
50"
44%
187
*186
40
:
55%
>
;• *37
11
»14%
Nov
31% Feb
11
23%
Dec
50
24
26
23% Feb
19
41 % Jan
'14% Nov
30
150
.
Mp,r
20 %
39 Va
Feb
Apr
34% July
Dec
Dec
50
Aug
Dec
141
6
31%
163
Jun
14
24% Jan
"108
July v
4
8
114 Va
July
137% Feb
24
167 Va
123% Feb
6
111
Sep
Apr
Apr
64% Mar 19
44
Oct
63 Va
Jan 11
109
May
>115%
140
Mar
Mar 20
Jan
v
\
16
Mar
Jan
53
8
Jan .28
1
112
2
59 V2 May
'153
Dec
Feb
*
Feb
150
Feb"-8
16
Jan
3
101% Feb
18
108
May
25%.Jan
3
30% Jan
30
34
Apr
36
May
39
187
»
53 Va
Feb
,
44%
49%
50
44%
49%
44%
-
44%
24
49%
•
"
'•
17%
1
23%
,
17%
17%
17%
19%
19%
19%
19%
17%
18%
47%
18
17%
23
•V
19%
•168
27%
19%
170
27%
47%
48
23 %
24
99%
*98%
18 V#
17%
99%
18%
72
72
17%
'
47%
22%
72
17%
19%
•168
27%
•
:
•'
19%
170
27%
48
24%
4
-
18
1,500
1,600
4,000
120
>
1,000
;
1st
non-cum
Corp
Feb
7
5^/a
Jan
-
23
16
21
74
40 V4
Jun
45
Sep
67
•
Jun
,15
Dec
26
Va
Feb
19% Sep
34 Va
Jan
Jl% Nov
>41
Sep
>32% Jan
; 21% Nov
2;
13
116% Feb
<
30;
60%
Jan
13
;
13
;
Mar 12
108%
Dec
7
15%
Feb
29
Jun
6
82
1Q0
Aug
13
pec
26% Oct
-46
Jun
101
Sep
14/
33% Feb
11
09%
Mar
6
Jan
16
11
39
Feb
5
i
33
59
/Feb
4
i
50
Jan
3
48% Jan
t
>
45% Mar 20:
-;
1
Apr
May
30% Aug
Feb
Jan
/,34
55
Jan
97
.
'
20
29 % Jan
/
i
85
16% Jan 14 '• ••
;
18% Oct
11
49% Feb
27% Feb
■
;
/
96
t
108 Va
Dec
Dec
Nov
45 V2 May
43
Sep
62 Va May
43%
Oct
; 65% May
'
I
2,300
Range for Previous
Range Since January 1,
Lowest
2nd
Savers
~
Corp
7% Jan
>
Wks
—No par
No par,
Lockheed Aircraft
Loews Inc
Lone Star Cement
Corp—
Corp—No par
Long Bellt Lumber A
-r„No par
Lorillard
(P)
Co—
!
,10
9% Feb
& Sons Inc—
pfd
Co
series
A—
50
—
1
100
—10
11
"50% Feb
10
41V8
\
57/a
Jan
64
18% Nov
Jan
Jan
Jan
Apr
38% May
6% Oct
15%
Oct
65%
Apr
Jun
24;
Jan
6
-21%
Oct
33
25
Feb
8
21%
Nov
44% May
May
Sep
103 Va
-83
Sep
102
43
Nov
84V2 Mar 18
96% Jan
84%
2
Jan V
May/
74%
Jan
15 Ve
Apr
66
Feb:
10
Oct
Feb
30
43
Oct
42% Feb
10
183
Dec
210% Mar
16
62% Feb
17
37%
Dec
47% Mar 11
/ 56% Feb
;65% Apr/
Jan
2
190
36% Mar 14
44
Nov
88
Jan
16
47 Va Jan
7
27%
Feb
48%
Dec
30 % Jan
9
x453/a
Oct
72 y4
Feb
109% Feb
4
11
IB"'
20
13
27
17
,
Feb 20
,
Feb
Mar 17
22 % Feb
!li
'/*
2«% Jan
8
46% Jan
16
18% Jan
14—
97
31"""
2
5
53
>
97
Dec
14
Sep
20%
Nov
43% May
18%
Dec
45 %
,
108
July
>30%
Jan
Jan
23%
Nov
3
99
Dec
120
Aug
64
Jan
94
May
25%
Nov
41
45%
29 Va Jan
«
:
/.
J$n 29
21 % Jan
172
6
.
14 % Jan
13
79% Feb
19% Mar 13
Jan
3
•,
Mar 10
167% Jan
v
2% .Oct
49%
70% Mar 17
par
Nashville-—-—
(M)
11
9
22 y2 Jan
.
17%
13
\
,
55% May
Sep
8
16% Jan
7% preferred ————100
Louisville Gas & El A—'—No
17%
Sep
6%
10
102% Jan
1
:
7
107/b Feb
42Va Jan
—No par
Apr,
Apr
10% Nov
33 V2 Jan
' 24
100 ;
?
59 Va Feb
185
•
No par ;
Oct
Sep
34%
-
3% Feb
.
82
15
97/« Jan
^.-Nopar4lVs Jan
:
9
25%- Feb
4
102%
.
29% Mar 15
1
'
S
lO'O
13
8% Feb
/■
3
49% Mar 11
,
__No par :
-—;—J
4%% cum
Lukens Steel
——
Jan
,
43% Mar 20
-
_25
„1-
&
y
.
—iv/
19
Sep
20%
Dec
Jan
May
4
12 Va Feb
16
•—
- —..—5
Co——
Lowenstein
V% Jan
y
parr:'
52
14 Va
68
v,
'
4
99% Feb
9%
Dec
"49
8"
44Va Jan
13
Corp
,
5 , / 18
,MarJ7
Corp--——No par :
21V2 Mar 17
preferred
Louisville
13
>
Highest
$ per share
Sep
13% /Nov
13
30% Feb
20
6% Jan
11%
38.
8
Feb
56% F,eb
V
5%'Sep
,
"
Prod
Locomotive
Belt
Feb
10% Jan
/
.
9
Jan 31
.'56
;
/ 367/a Mar 15
*
prfd—No par
Lily Tulip Cup Corp..
Lima
Jan 29
^99
8
14% Feb
Year 1946
Lowest
t per share
Feb
Jan
1
44
.
49% Mar 20 1
27
Feb 26
•
~
-
per share
14
39% Mar 21
'53
.
J
7
11% Mar 14
_^50
——
,
11% Feb 26
.•
5
No
.
6%-Mar 14
No par
—1
;
,
HtghfestA
:
6 per share
t..
:50
pfd—
(The)
Stores
*
4,700
99%
18%
■
-
700
*
48
24 Va
*98%
preferred
non-cum
3%%
13,800
17%
Non-cum
Preferred
-
4,600
22%
71%
•
'.$3
LiJe
300
,
17%
*98%
20
2 V-
107% Jan
400
Lien Oil
Refining Co—
Liquid Carbonic Corp
'
17%
22 Va
8
•
prefera-ed—
cum
2,900
24%
103%
23 Va
99
26% Feb
Mar 15
40% Jan
~
L_3
1,500
443/8
-
103%
17%
98 %
13,
22V»Jan
.
u
___—
Link
23
/
—
1,400
18
22%
8
17% Feb
44 V2 Mar 14
par
par
& Sons Co_—
'
72
99
28% Feb
55% Feb
13% Jan
10
Liggett & Myers Tobacco.:
1,000
23 Va
28%
16
13
23
••
Libbey Owens Ford Glass—No
par,
Libby McNeill & Libby
r——7
;
17%
170
1
Lehigh Coal & Navigation Co_i—10
Lehigh1 Portland Cement_i_
125
Lerner
.
40
55
227/a
*27%
>
—i—^50
& Tire
(James)
Lehman
1,800
71%
169 Va
1
-—No par V
preferred
Lee Rubber
50c
10,900
17%
22%
40
♦54 V4
v
1,400
186% :;
*38%
'
v
V:
71%
28%
22% Jan
,
_———L-,i„No par
*
23
48%
17% Oct
5
49% Jan
_5
1
Lehigh Valley RR
Lehigh Valley Coal—-
3,100
17
•
22% Feb 10
108% Mar
15% Mar 14
100
„
(The)
3,500
//
'10%
*185
40
54
Co
Bryant
f. Lehn & Fink
17%
28%
1607.
10 Va
.
50
17% Mar 17
" 107% Mar 17
par
•{
1,400
71%
168 v.. 168
18%
>
52%
'
'
54
,
1
i 3,100
32
85%
.1'.: vy
3.85%
2,100
22%"
*47%
page
10%
31%
85
186
22
52%
24%
47%
see
;
104 Va
27%
footnotes
'.'X22
52
24%
47%
For
22%
51%
*103%
27 V2
17%
•>
ro'/a
24%
48%
22%
■:-/
18%
52
104%
27%
*98%
44
18 Va
10 Va
24%
27%
98%
17%
43%
•
22%
*103%
*47 Va
22
'•/•:
24%
••••
17%
19%
17%
18 Va
103%
22%
70%
*166%
39%
900
yv 1,600
y> 3,200
8%
51%
M
84%
44
18
*102%
17%
22%
71%
22
'
11-
98
100
1
u
EXCHANGE
4%%
-
..
43%
/,
80
■z\.* 4,900
49%
24 Va
24%
,22%
*98
Jan
60 Va Aug
42Va Aug.
Dec
37
17% Feb
54
110
—100 ••'
——
2%
22%
'
24
103%
22%
168
39% Nov
7
32% Jan
+*-Nopar
•
.
Lees
9,200
-
•-
1
•.
22%
::
187
54%
*49
44%
ti
31
f
*37%
54 Va
22
10%
*186
39
17%
*166 %
'
18%
\
,
'
'
44%
18%
V-
'
38%
7
m 2% -•
7%
7%
44 ;
51%
/
; 49%
4414
24%
*70
Feb
17% Feb
NEW YORK STOCK
Lambert
MOO
,
*37%
7
2%
22%
23
1
100%
10%
38
v
2%
-
18 %
-
«.«
85 %
104%
,
10
188%
44
*103%
40
26% Feb
119
>
J
y
Lane
V-V-.800
.
10%
.,
V. 1,600
27%
:'
44%
*51
85
49
43 %'
18'/a
21%
.
10 Ve
*186
39
*53
:*48
;
*29% 1 31
85
188%
■f
18%
,21%
10
*186 ;
9
July
49%
»
: '
v
:
Pat
Laclede G*as Light: Co——
La Consolid 6% pid,—.75 pesos-Mex
L
50
27 Va
■
*
1,400
V'
55V4
27%
*98%
j
-100
40 V,
12 Va
'
'•
8,300
100%
10%
♦28
/"
*11%
.55 %
Sham
6
27%
lO'/a
V
■
5%
12%
49%
2%
.
]
*98%
ft.
:;y* tv;
22 >/a
*7%
44 % ; 44%'
*50
j
Oct
125
y 70% July y:
110% Jan
No par
preferred
the Week
'
•r
Sep
36
; 55% Dec
113
Aug
26 Va May
Sep
52%
:MMryV::'>STOCKS<V V'V/V/"/
40
,
.
*53%
27%
36%
49%
22
50 '
.
1
«
(
5%
12%
99%
:io%
7
x7%
101%
5
Feb
Feb
>
16
;
100
...»
2nd preferred,.
conv.
prior
5
Sales for
t per share
12%
40
27%
•:io%
2%
5%
*11%
12%
V >99%
v 10%
36%
*35%
20
13% Feb
■
Co—^
,10
Kress (S H). ti Cos.6—i.i«._-No
par
Kroger Cot (The) -a—a—No par
:
1,300
Mar. 21
Mar. 20
40%
*53%
s :
10%
2%
Feb
42% Mar 20
48% Jan 31;
Feb
31
7
43 %
Jan
Apr
Oct
26 Va Feb- 18
72 %
Feb
x20
/Nov
31%
Jan
166
Dec
,
99
"
jfah~"8
20'
:
Mar
6
.
Feb
148
38% Sep
95% Oct
58% Feb
-
104% Feb
•
y Kresge (S S)
2,800
Friday
t per share
5%r
1
99%
10% 1
V
;
12
27%
*99
/>•:/
>
12%
55%
*6%
Aug
L
40 Va
12%
*53%
V
11%
42%
Oct
133
Nov
16
.
Koppers Co Inc——
Cum pfd 4%
series---*
320
,
■'
Thursday
'
40 Va
12%
55%
36%
28 Va
3
122
Kinnfey <Ov'R)--.
v
40
>1,400
.35%
52%
4%
>
*
31%
98
35%
•
4 per share
5%
*12
40%
Mar. 19
I per share
r: 11%
10%
101
Oct
11%
8
Furni-—10
Kimberly-Clark Corp
(
MOO
.
Stove^
—i— -1«.
1,600
*97%
:
Wednesday
"'*53%
:
8
2
16
_1
—
100
247/8
*73
30%
1,500
11,500
LOW AND HIGH SALE PRICES
Monday
Mar. 15
*27%
Dec
4%
8
9% Jan
100
-
„
400
,
46
.
24%
*107
18
52%
///
44%
V
74% •74%
30 %
700
'
"
108
•
600
;
17Va
25 Va
*16%
'
•
23%
45%
25 Va
>
; 15%
237/a
45%
98%
*98%
90 %
Apr
.Jun
Aug
49
Feb
3
107%:Marl7
No par
3.8% preferred———
Kansas City Southern
.No
4% non-cum preferred
Kayser (Julius) & Co—^
Kelsey Hayes Wh'l conv cl A
>>.Class BKennecott. Copper ; i.
No
Keystone Steel & Wire,Co—..No
5,600
54
f
140
-
y4
',.•17/'
16%'
25%
109
24
15%
44%
30 Va
x98
♦52
23%
25 Va
:
107%
23 1U:
16
*43%
109
•
'/
30 Va
X30
•107
'
45
46 Va
75
>
16
J
54
16
♦23%
108
Saturday
*5014
45
•116
2
'
12 %
Kansas City Pwr & Lt Co*-*>
'
*52
*15%
*16%': ,18V^vv
i;
75
17%
107%
25%
108
*17%
23 Va
V:
,*
45%
25%
109
17%
35%
*\
Sep
18
xlOOVa Jan
100
Joy Mfg Co
"700
27
15%
38% Feb
No par
com
& Johnson
3,400
t"
*40
Corp
preferred
Jones 81 Laughlin Steel
5%
pref series A
8,500
Apr
Feb
143 % Jan / 2
>
2nd prefered ser A——100
Joliet St ,Chicago' RR stamped__100^
":
34%
202
6Va Oct
21% Jan
1
--1'
4%
,,
Dec
-
13%-Mar 17
No par
Manville
3%%
Johhson
20
99
29%
Johns
.2,000
111%
34%
•98%
29%
63%
*110
110%
34 Va
1,100
63
*127 v> 140 V;
35%
20
122
*117%
64
;
175%
-
Feb
13 % Mar 15
(f L) Co——
1
Jersey Cent Pw & Lt 4% pfd—100
Jewel Tea Co Inc—
—No par
4%% preferred
100
600
>
Jun
lil
Jaeobs
130
i24
63
110%
3,300
'
109
107%
■//£/
16%
*44%
24% .25%
52 3,4
*11%
Corp
102
22 34 Jan
■
No par
f6 preferred —.—M-.---.
10%
109
Stores-
Island Creek Coal
154
102%
98%
*5%
Dept
Nov
16
15
41% Jan
38
Jan
preferred
i-i
:
25
Telep & Teleg
No par
> Porei&n - share ;ctf s^—_-,^-No par
Intern'l
Jan
Jun
105
Mar 14
53
Feb
250 Z
8
53% Jan
Feb
20%
Jan
•66%
27
Feb
>13%
195
,
84% Mar 21
136
16
37% Jan
^^-25
common
Jan
108
-
7%
27,600
23%
*22
41
107%
23 %
109
46%
•
•
14%
'*23
154
107%
>
52%
15%
23 Va
44%
17%
17%
17% ,g
52%
16
30
*45%
40
10%
140
34%
29
15%:
74%
x
1,000
International Silver
12
No par
44%
19
May
May.
112
Aug
Oct
11
Feb
11% May
Dec
5% Feb
36% Feb
45 ; Mar 14
-103 V2 Jan
8
:JNopar
♦102 V,
111%
♦98%
52%
*23
43%
34%
Salt
10%
♦110
99
j;; *17%
107%
22%
•25
*97 %
International
International Shoe
102%
64%
34%
59
107%
•'
r
V 14%
*39%
*150
■
15
1,700
14%
23% V 23%
23
133%-Feb
22%
59
105
30% Feb
8
f'96
Jan 29
31 Va Mar 11
100
$4 preferred —j—J-No par
Rys of Cent Am——No par
5% preferred
—J—-—100
220
Mar 11
4% Mar 14
--No par
Sep
Jun
Sep
5%
10% Feb
Jun
44%
Nov
10 y8
184% Feb
-
Jun
Aug
7%
11
•
87¥2 Mar 17
>
Feb
54
>35%
9c
Mar 21
'
7
Jan
Jan
190
Sep
13% Feb,/ 8
225 Va Feb 13
13
26
13%
8
Jan
108
33%
Jan
May
151%
168% Mar
13
8 Va Feb
Mar 18
-
4.
17% Feb
21
Inter
55
Oct
50
5% Jan 16
11
Jan 16
-
V
7% Jan
Co
Sep
13
176Va Jan
41%
♦32
14%
24
Paper
36
116
5
25
44%
40
14 -v
14 Va
*
17
40% Feb
13
41 %
42%
44%
44%
-'
700
108%
*51
100
.
22%
18
100
———•
Sep
Feb
-i
Canada
of
International
11%
180% Feb
Jan
Corp
17
7% Mar 21
—--——100
—
36
Mar 11
•
14Vi Jan
Chem—-—-5
Mining
Preferred
11,600
•
preferred
Nickel
Int
20
•
Min it
-International
15,100
r;
y8
105
13
4%
Sep
K
109
30
46
13%
63
140
34'/a
99
v
♦117%
110%
*127
34%
n%
15 Va..
74%
125%
112%
23
*16%
125
f
*110%
■
52%
'"44%
125
>•;
*108%
62
"
45 )fry
*108%
50
109
61%
22%
16 ■>-. 16
32%
137
>:
46"
110 /
154
10%
♦102%
*49 Va •50
123
•
28
15 Va
*39%
'150
10%
*117%
18%
*106
10%
60%
99
23
40 %
60 Va
28
52%
23
154
104 :#
:>•
100
'.400
4%
31%
♦135
45%
23 Va
*23%
102% 102%
50
*127
v
14 Va
'v:
122
99
*52
40%:'
*150
10%
:£•••> 34'/;
V
14%
24
V
31%
137
45%
40
13%
23 Va
102%
34
108
31%
*135
46%
International
1,800
.
23
Feb
70
—:
25
45
Jan
200
Hydro-Elec Sys class A
16 Va
133
No par
Preferred
Int
.
37%
Oct
13
-No par
Harvester
Oct
5%
Mar 15
;
—-—No par
Machine
>
10%
*102
140
43%
/"• 25
*13%
124 /•
22%
*32
14%
*23%
124
*17%
*4%
55
44%
40
1
*22
*117
>„
4%
105
:
41%
23%
41
60%
-
:,/r, 4%
280
20
;
14%
13% Feb
No par y - 40% Mar 14
100 >105Va Feb
4
,—
7
7
35 Va Mar 15
^1
Inc
Feb
10% Feb
14
36
10 v
•30 Va Jan
13
12V8 Jan
No par
-International
2,800
v
28
31%
12%
*51
23%
123
*98
i
" •"■
90
136
110
110
44 .i
13%
107%
>33%
.
*31
107%
112 Va
41
12%
44
,-z
123
*110%
27%
*86 Va
4%
►103%
41
154
109
T 60
27 Va
90 ::
90
136
55
:
41
50 Va
*117
z/i
*150
;
10 Va
*107%
123
*51
'•
/:
40
13%
*22
:•/. :W>'
102 Va
*49%
■
44%
13%
/>
154
*102
108
41
23%
42
*150
27
*86%
6,400
•
Jan
179
Iron
Int'l Business
800
183%
8%
8%
-'Interlake
5,100
210
183%
8%
>
•
Ctfs
Corp
4V2% preferred
lntercont'1 Rubber
800
.
121/4
82% •84%
CO to
8%
i.
5%.
,
*204
82%
182%
'•?;: ":•:
27 Va
:/46:z/
105.
*103%
"•;-..i2%
*31
23
23%
202
81%
8%
31%
31%
13%
55
>,
14
*13%
82
*4%
46
*43 /
13%
'*22%
202
183%
*86%
137
*40%
/:
31Vb
45%
*51
44%
*31
/ 204"
27
4%
108 •'••)
*107
40%
*43
5%
12Va
8%
90
*134%
105
*12%
/r
5%
12 Va
183
27
46
*104
'
•
108
51/2
12 Va
8%
136
45%
12%
*107
.
108
5%
81%
183%;/
*4%
31%
*134
45%
*
107%
106%
Insuranshares
Apr/
18'/a
7
25% Mar 10
>
No par
•;Interchemical
44%
7.
13
Jan
: Jan 16
100
Inspiration Oons Copper
300
Sep
Feb
Jan
•Feb
'. 115
Inland Steel Co
Jun
Id
8
—No par
^
10 Va
Jan
15
y
& Lt_—-No par
>
Sep /
13
-
93
5
preferred
1,900
>.y.;:z> 70
,
Co
Oct
5%
Jan
34% Mar
49% Jun
Feb
43
—
6%
1,500
7%
42
12%
204
81
*85
4%
31%
136
45%
*107%
106%
15%
7%
*40Va
100
100
A———1000
RR
Ingersoll-Rand
340
3,800
•
4%
*134
>
107%
15%
8 Va
42
5%
201%
79%
23
*7%
*40 Va
ctfs -series
Terminal
Oct
Jan
May
Jan
v
Industria Electrica De Mex, S A_i"l_
-Industrial Rayon
>1
1,900
36 Va
A—
4%
Indianapolis Power
■3,400
:
lines
Stk
Illinois
i
500
118%
36%
12 Va
•
12 J/4
78%
*127
15%
7%
*106%
5%
12
79%
/
15%
15%
37
RR
>
1,500
180
Leased
sy
—^
2,400
41V2
'
*178
.
361/4
42%
7%
42
41
118%
180
•
170
9Va
series
100
>'
.
27% //y
13%
*13 Va
411/4
37%
9
27
11S%
*178
>
preferred
100
RR Co
6%
N
*5%
-Z
40%
118%
180
15%
*7%
•
41
119
•
37
37%
41%
8%
42
*40%
107%
36%
37
41
40 Va
y;
19
19
13%
180
94 Va
■•>: />
9
13%
117
36%
9
13V4
„
40
36%
19%; :>y;
*18%
9%
*93
26%
182
41
/
19
'
49%
Central
25
45 V2
.
:
-
Illinois
19,300
•
'
*47
•
94%/
26%
115
35%
*92%
26%
115
40%'
-
"•;':/
49%
26%
*178
40 %
>•••*46%
94%
9
■■■•
>■•
12%
Dec
"" Sep
14%
"
24%
$ per share
Oct
3
30
Jan
,•-7%'Feb
5% Jan 10
5
3
20V4Feb
,20% Mar 14
/
Idaho Power
800
•-
.;/13%Mar
43% Feb
Highest
$ per share
7% Feb 28
13
Hudson
Mln & Sm Ltd-—No par
Motor Car
No par
;
"36Vb
4% Jan 13
100
Lowest
>
$ per share
37% Jan 14
2,000
.
P$ per share
St Manhattan—
non-cum
preferred-*.
Year 1946
Highest
>
Hud Bay
^2,900
,
"V
Lowest
'
1,900
>11%
*37%
*11
5%:■;•'-V-V
5%
Range Since January 1
/
•
.
EXCHANGE
Shares
6%
6%
6%
Range for Previous
NEW YORK STOCK
V
the Week
21
$ per share
I per share
;,>///,'
Sales for
Friday
Mar
'
6 >4
RECORD
HIGH SALL PRICES
Saturday
$ per share
STOCK
YORK
NEW
LOW AND
24%
Sep
197
*
Aug
.
.
..Volume 165 » Number. 4579
:
V
'THE COMMERCIAL & FINANCIAL CBRONICLS
'
>
Monday
per share
'i
*33 Vk
*145
34
IO8V2
13%
,18'A
4
23%
1,
*13
/,
520
:
*420
10
4 ,\r
4 /•.:
23%/
23%
;/17%
7'%
V
12%
123/4
A
11%
31.1/8
31;;;
311/4
*109%
V
*13
13%
29%
::-:i
.4
4%
24
.241/4
>.
19
*29
13%
>
*28
*4
•
41/8
4
-
24%
7%
11%
11%
"311/4
31%
■
*109 3/8
110
28%
28%
28%
28%
16 %
xl6%
17%
•17%
;17%
541/4
543/4
543/4
*54%
55
29'%
29*
29
*28 3/8
29
27%
27%
*28
28%
'
*185
186%
*185
186%
44%
45
188
44
;
*185
44%
97'%
.•97
97
104%
104%
105%
*185
44 s/8
*97
97%
*104%
186'%
44%
44%
*97
r
27%
105
105
*103/4
11
103%
103%
*46%;
47
•46%
46%
*46
109i%
1091%
*108
*109
110%
Z
42%
42%
29
29%
42
10%
42%
42%
28
%
*283/4
*34%
;
28%
105%
107V2
*35%
36
.'28>/4
*96%
97%'
97%
-v ,*
0
109
109
51.I/2
'45
45
51%
.•%.<
36%
36%
♦1043/a
1051%
r
35%
35%
*35%
'35%
27%
*27%
-28 %
27%
27%
51%
51%
51%
51%
;c 51%
51%
,361/4
36%
■36%
-37'/4
36%
*104%
105%
*104%
1051%
*104%
23
23
23
'21%
"30
19%
1031/4
*102%
■>
47
22
C03/a
'
59%
*45%
;/"';•
23>/4
23%
"58%
20
60
61
m
60
.;
17%
•20'/a'
61
17
41%
541/4
'
17'A
541/4
.
54%
*101,
101%
*40%
*102 Va
'42%
153/4
*101
'
Jan
23
49% Feb
Mar 12
8
94
Jan
106
25
103
Feb
4
113
Jan
4
331/2 Feb
Jun
42
Sep
Oct
'7
Mar 14
15%
33% >
=
153/s
tJ4%
;
343/4
156
*153%
>*113/8
V
.
'11%;:
•♦11%
34%
35%
|35,%h;
156
11%
11'%•:
v
57%
.
.
11%
::
56.
*11%
•
•*113%
112%
yll4,.r
'
: 52%^. ;'•
v'52%
53
.•>-
i-
112%
.•'
n2%
*110
53%
:53%
Jan
Jup
20
25% Feb
21
McQuay-Norris
Mead
...1
Co
Mfg
"4%
100
^^60—1
1
^..60
220
Shoe
!
'Co
Mengel
5%
,
Conv
Corp
(The)
1st preferred
Merch
Machine
Apr
Oct
36
Jun
14
31% Feb / 8
22
16
22% Feb
20
18% Sep
105% Feb
11
46
Mar 17
21% Mar 15
Feb
5
251/2 Jan
50
24% Jan
16% Mar 20
I97/a Jan
47% Jan
No par
Jan
47% Jan
110
6
1 Feb
*
*53/4
3o3/4
9%
10%
io3/8
10%
*113%
II43/4
113%
113%
31%
31 Va
3*1'/a
5%
6%
5%
*30%
''75%
^20%
:
,42
&
■
20%
21%
41%
;
•
113/8
*30
31
1
/'•'
11%
.;ii%
311/2
•
'53%
54%
54%
551%
116%
115%
115%
115%
llo
56%
.
563/8
543%
110
108%
109
110
1103/4
•-
563/4
56%
25
251/4
57%
573/i
26
31 %
25%
53%
31%
-.5%
•
20%
21%
*41%
42%
11%
11%
30%
30%
54%
-41%
,
•
55%
.
55
117.%
¥110% 110%
-
,
~
'
8,800
1,700
r
12,300
58%
„
,
■
•
"
25
•'24% ; 24%
"
26
25%
;
.
-•"S6
25%
'
'
Moore-McCormack
"1,600
26 V4
Inc
Lines
10
,
115
55
*53%
'.
*54
•
55
X54
55
*54;
-.•
*53%
;
56
54Va.
54 »/a
*53%
54-
'54
53%
200
.54
r
52
*51.%
"51'/4
m
52'::v
.
■• /,'•;
51%
51%
53
53
>
22%
':••
*23%
•
'
»
13
23
22%
17
Va
106
17%
;
r
22%
16%
16%
105%
106
Motpr
>
mm
1.7%,
23
22%
■.,•
•:
16%
105 Va
700
23 %<
*23
231/4
2,500
20% i
: 201/4
20VB
•
22%
23 .y-7:
23
17'A
107%
56
*14
*37
14
14
14%
37%
*109
1091/2
v
•'
109%
•
4,100
37%
38
109%
*1091/8
38
38
1091/8
*54'/2
54%
:
44
*39%
44
13%
13
>:•.;•
50
109
*41
-
"56%
"
*54%
<
>41
44
'67
■
13%
;
■■••;'
44
*54%
.
20
;
44 '
*41%
100
56%
*54'/4
56%
2,600
<
'
—
1,600
.<
13 Ml
109
"•
12%
.
1
...
class B—
preferred
$7
;
1,100
38% ;
•; 38%
1091/s
13
'
s-.5
—
j—1
Li.—-No pdr
Munsingwear Inc
;—5
Murphy Co (G C) com
1
L' 4%% preferred
1
;100
Murray Corp of America
^^.lOt
>4%
preferred
i
—
-.50
Myers (F E) & Bros——.—Nopar
'
13%
13
14
*13%
•Z
Wheel Corp
Mullins Mfg Co
2,100
•
107%
*105%
Nopar
COrp—L—Nopar
& Co
(John)
Products
11% Jan
37'A Jan
54
Jan
77
Dec
39% Oct
.NOV
'
104
Mar 5
Jan
Feb
Mar
Jan
Feb
Jan
Feb
Jan
Feb
:
• -
32 -Nov
;Ocfc
•y
140
9%
454
<
=7
1
7
'
^
62'/a
: 173
.
Feb
Jan
July
Dec
26% Mar
14"%
Oct
•68'A
'Oct
40 V*
•
,
18%
>45% May
Apr
119% July
105% Deo
25
7
4
Apr
60
Dec
18% May
ifl%'Oct
100
129
"Mar
Sep
44
May
^5% Oct
Pet
,
Sep
28
Feb 10
Jan
7
Feb
3
Feb
7
Jan 2
17%
Jan
52
Jan
19
42
Deo
11%
Api
23% July
45
A^r
•
70
Dec
28 Va
Feb 14
Feb 17
Deo
64
43% Sep
<
135%
111% Sep
117Vb Mar 6
64% Feb 8
30%
20
Nov
50%
Sep
'•*62
40
Nov
56
15%
Oct
34%
19
Oct
36
f4%
,
Sep
Oct
102
Jan
Jan
Jan
May
Feb
27% Aug
49
May
114'A
Oct
Jan
Jan
22
55%
Deo
Feb
70
33% Nov
60
Apr
22% Jiin
Jun
9%
Jun
109%
13% Sep
32% Oct
108%
Dec
104'A May
57V4 Dec
15 % Feb 11
44% Feb 13
^6
Jan 29
3
2
6 /
>• ♦
10% Nov
-
Apr
61% dUn
.113% Apr
Feb
31%
2
4
6
4
24
July
May
110% Jiily
10% Oct
1
3. / 26% Mar 6
53 f Jan
7
543A Feb 4
44
Jan 16 ?:> 54
Mar 21
18
Jan 13
24'A Feb
7
21% Jan 46
'27% Feb 3
19'A Feb 21
24'A Mar 5
« f15
Jan 14
20% Feb 21
104% Mar 14
106
Jan 6
13
Jan 15
15% Feb 10
36% Jan 22
40% Feb 10
xl09
Mar 13 / 112 * Jan 29
50
pfd...'
Mueller Brass Co new
'
13%
.;>i3-
13
*40;
'54%
44
:;*54%
23%
17
37%
-37
*109
*40
>231/2
231/2 z
22%
/>•
14
14
12%
12%
20
cum
Motor
•
:: 37%
*109
201/4
*106
16%
107 V2
110%
/. 37%
22 3%
22%
*16'/2
'"*106 M
16% :,
107%
'14
14
227/8
20
19%
19%
221/4
h
'16%
*106
19%
:
22%
'
22
.19 V4
22%,
19%
Morrell
-
'
19%
$2.50
800
■■■
'
52%
Sep
97
30
17
32%
18% Dec
Sep
? 203A Jan
'
Jun
54
633A Feb 3
128% Feb- 4
533/8 Mar74
Mar *11
Preferred called_r_._„.*——-108
Mar 15
Montgomery Ward & Co
No par
55% Jan 16
Monsanto Chemical Co common...5
$3.25 preferred series 'A—No par*
v
1,000
111%
57%
57%
;
v.'- 117
rill
57%
(
f
'5%
117
58%
-
,10%
; 31%
20%
54%
,
'
1143/4
10%
*113:
5%
*115
IP/a
110
53%
■
11% •11%
*29%
31%
31%
1151/4'
54
<
'41%
...
12
11%
*30
31
•;
103/8
2o%
.42%
*413/4
>
113
2134
20%
41%
■
115
;
108
56
i,.
v
41%
11%
v
V
31,,,",;;
54'/;
*115 > 116%
'108
21
.41%.
31
••'
'¥l% * -11S/8
*
3b%
m ;-5%
"/■
5"%
20%
20% 7
."/• *30
31
T0%
113
?
.57
•110
53% >53%
10%
;
*41%
53 Va
114%
1/ 5% /
30%
110
110
-;
11%
56%
113%
113%
36%
Miami
.
1051/8
4,
Copper..
—.5
13% Jan. 16
18'/a
2,900
Mid-Continent Petroleum
10
33 % Mar 11
39 !
1,800
Midland Steel Products.——Nonpar x 343A Jan 16
) 42%
>120'
-6%-cum 1st preferred—.»
100
,149 > Jan 10
156
1,100
Minneap & St Louis Ry._.^-NoLpar :
11% Mar 12 •• 14%
1,900
• Minn St P & SS M A vtc
No pdr
>10
Jan 13
-14%
1,300 "
Minn-Hpneyweli Regulators
;.J3
56 ' Mar 17 :
-66%
370
3.20%
conv pfd series A
:IOO
;110
Mar>20
114%
2,400
Minn Min & Mfg—
——No par
51% Mar.-7 ; 59%
"4,200 ' Minn Moline Power
9% Jan
2
12%
yy 380 "
$6.50
preferred
No par
104
Jan 13
115 Ye
1,000
Mission Corp
i
^.10
> *28% Mar 11
34%
>
5,200
Mo-Kan-Texas RR—
Nopar
5% Mar l3
8
5,900
7% preferred series A—
100
19% Jan 13
25%
400
'
Mohawk Carpet Mills.——S—20
.
41%'Mar 11 - 81%
4,300 , 'Mojud Hosiery Co Inc
1.25 '
10% Jan 46 f 137/e
300
Monarch Mach Tool
i—No pdr
28 v Jan
2 '
32 >
2,600
Jun
NOV
'
;
36%
,
10
103V8 Mar >3
'40 V2 Mar 11
105
Oct
351/2
18
65% Jan
97%Jan,,:3
.-
—5
pfd.100
26% Nov
61
3
?,
57% Aug
Oct
20'A
28
41
Mar 21
531/2 Mar 20
Co
Sep
61% MarlO
58-r/8 Mar 171
No parr
No par
1
Apr
107% Aug
30%
43% Oct
V
8
Feb
.
103
V
73
19% Mar 21
59i/4Mar21
Ltd
preferred—'
$3.50; cum
357/a
Jan
Co
Stores Co
Merck & Co Inc.
.'
Nov
Jan
./
Mln Trans
&
20
•;
102% Mar 12
Preferred called
Mercantile
Deo
18
-
108"% Mar
102
28
No par
preferred
2nd preferred.
Melville
102
Jan
2
/, 21% Mar 15
:10-
Co___
Corp
4V»%
>
"—No par
t
Stores
McLellan
2,200
>
161/a
113/8
--
46 % May
Sep
105% Feb
preferred
$4
Mesta
11%
11%
9%
93/4
.
='Vii3(%
11%
57
Apr
Apr
10«
''
11
May
56%
Metropolitan Edison 3.90%
36
Apr
43
39% Nov
:
153
71
122
l.
102'A Dec
5 6
'
35
Mar
Jan
250
152
.
56%
:
112%:
;53%
'
■vr; -9%
"'11%
>
11%
■.
>110 >
53%
153%
56%
11%
56'
,
36%
153%
May
44
200
35%
34%
v^5-y
35%
154 Z
11%
11%
l'lVa
56
%'■ 56- i:
34%
35%
454
.
11%
'
/■
343/4
351%
156
:
56-,."
;;ii!%
*55
343/4
35
!156
r
16
15%
Jun
'.
118
21
107% Feb
'•
17
55
25
7
Jan'15
35
Dec
Oct
111
48% Jan 23
41% Mar 14
26'/a Jan
101
Nov
97
93%
'45% Sep
8
Jan
Nov
112% May
" Dec
.
May
70
Nov
9%
12
50
Jan 13
46
Jan-25
108% Mar 20
2041%
Jan
45%
97% Mar U
2
10
-
Feb
24%
195
16
Robbins
&
mi
15%
1
;
Co
45'rmk
15%
190
27'A Mar 11
35 3A Jan
108
1^%
Sep
38% May
—18
Pub
200
;
48% May
10
Inc
2,100
107%
Oct
Jan
McKessbn
53%
*43
<
:
Apr
27 %
33
69
320
43%
Sep
6
35'A Jan
Mar 18
48'/a
400
r' 100% m
101%
2
/
30
2,300
107%
Jun
75
44Sep
17%
43%
Feb
30%
'6
11
23% Sep
59%
107%
43%
108%
*107%
451/2
Oct
48
Jan
21% Feb
>1
41'/4
*52%
Sep
12%
112% Mar
Sep
31
Jan
Apr
2o
17%
53%
X109
>"
33 3/8
54
53%
101%
*43
107%
15 3/8
54
*101
42%
;; 1071/4
107
54
34
27
Feb
20%
57"%
*
Feb
4,000
'
59%
Jan
Oct
30% Nov
Jan
41
41%
111
Jan
11%
32
100-
'
80'/a
>
17
16%
*41
11%
137/a Feb .4
34% Feb 13
Dec
39
400
20%
62
*59
43
"7%
56% Feb "8
48
19%
i
.
61
1
8
3% Sep
14
:
59%
20
v
17
8% Feb
10A
13
1,700
22% >• - r
22%
27y8 Feb
Jan
46% May
50'/2 Jan
■
103i/a<
*46
5Vs Feb
Apr
Nov
27% Jan
1,700:
20%
22%
20
*60
60%
*41%
101%
*101
42%
107
15%
35
"<
20%
„
17%
•.•>.'41%
.
43
54%
42%
156
v
29%
48%
22%
.61
60%
v.
'
60
59%
17%
*41%
107%
/; '15%
; '
<.-:,• :
*20'/8
32% Feb
6
\V-«»'V
23
22%
•;,*28'/a
103%
*46
48%
m
16
26'A
4,600
:
1051/2
20
*102%
23%
23
'
20"
6i
; 171/8
101%
*40%
*107
••
*46%
47%
=;
>
29
29
■'. .19%
102%
1021/a
:
Jan
16%
Oct
26
18
14% Feb
44
Mar 15
103'/2Jan20
„
Aug
526
Jun
8% Oct
12'/a
2
No par
McGraw-Hill
'>>1,1001
'
*100%
V
103
2OV4
173/4
43
55%
■
•20
37
*104%
=22%
:
r
;
,
Co—..—
13% Dec
17% Sep
63 V2 Jan
•
Electric
Nov
30% May
Mclntyre Porcupine Mines
1,000-
28
52
'37
;. /-. ■
McGraw
xl7%
Sep
14
185
.
:1
.'100
Corp
Stores
Sep
16'A
53y2 Jan' 16
No par
No par
Corp
12%
6
29
par
3%% "conv preferred
1
•
1,100
27%
>
105%
22%
29%
*19%
*1021/2
46
601/4
585/8
*17
.
*29
19%
22%
x20
.
'
60%
41
,
29%
19%
103'A
21%
•20
20
;
£>
23
*28%
20
•:
.4.
McCrory
51%
,
37,:,
McCall
40
36%
36%
35%
35%
...
1,400
2,600
107%;
*106%
No
Apr
}4%Jan 16
_—No par
J
21%
v.;
46
48
,
;
•
29%
19'/4
*102%
*
22%
*28%
■:ik 193/4
"
80
45
29%
"29%
107%
;
-
30%
*44%
29%
107 Va
36 Vi
*105
:
30
27%
36'/4
*28%
107%
30
105%
2 8'/a
5J%
:f 22
*105%
100
111%
520
11% Mar 18
No par
;
Oct
12% Jan
29'% Jan 22
109
Jan 20
28% Maf 18
No par
100
.5
Dept
Nov
7'A Mar 17
;
Jan
May
37%
23'/2 Mar 14
•
Jun
76%
65
106%
31/2 Jan 14
•
—1
Maytag Co
*
$3 preferred—i.
$6 1st cum preferred
1,1001
*
Co—
"
17% Jan 30
6
42% May
160
4
Oct
38%
Jan
27
NO par
Corpi
preferred
Stores—
$3.75 preferred
$3.40 cum pfd—
>'
130
11
47
'12%
..1
6.25
7%
May
'
1201
105
*46
■*
5
Mathieson Alkali Wks_—
1,700;
100
*10%
•!
Master Elec
2,300
:
10%
103
Masonite
200
:
47
10%
44%
29%
700'"
4
97%
104%
105% 105%
108%
107%
„
45
*471%
28%
;
.
No par
.
/ 3,100
188
45
110
;*io5%
28%
*50%
351/2
28%
•iv
21%
•:
29%
*1051/2
f
7
281/2v
*184
'
105%
-
29%-
28%
28 Va
*46
43%
*5354
45
10%
42%
541%
29
185
105%
*108
293/4'
173/4!
45
,10%
110
•17%
185
97i/8
*46
29%
17%
53%
*104%
10%
47%
109%-
3,900^
30
3,500
Dec
15y4 Feb
21'% Mar
9% Mar 15
$ per share
Sep
140
8
v.
/
11
32
13
41% Jan
7
109'% Mar •' 7
-
8'
14% Jan
1
Corp.i
i..i5
Market St Ry 6% prior pfd——100
'Marshall Field & Oo__—^—No par
4%% preferred——__
100
Martin (Glenn'L) Co___^
i—_1
Martin-Parry Corp—
No par
840'
1093/4
1
50
9
Jan
56% Feb
2
107% Jan"
Midland
Marine
18,100';
>
:
>
29 ..'•
28%
-17
45
*96
113/4
31%
110
*28
27%'
*29
113/4
31%
V
;.7%
Shirt
38% Jan
140
13
35% Mar 12
LlOO
; Maracaibb Oil Exploration
Marathon Corp
1,000'
/
31%
*1093/8
25
7%
11%
31%
Manhattan
1,400
-
•
/
7%
'
*11%
v
-
243/4
24%
"
400
4
Jan-
Highest
.
$ per share
$ per share
.
No-par 'y, 13
Feb 26 V
^._10
17% Jan 16
100*
;
29%;
A__.
Magnavox Co (The)—
Mahoning Coal RR Co.
Manati Sugar CO
Mandel Rros—i._
*
V,/, 1,200'.;
Jan
43
Year 1946
Lowest
Highest
•
Mar 12
140
-
No par
series
1,100'
;,i3%
'
pfd
34 '
j.100
No par
Macy (R H) Co Inc
4%%
Lowest
t per share
..10
Forbes
&
preferred
6%
2,200
:
10
'
^
600! -'Madison Square Garden
Magma Copper.:
:
1
510
*13 %
; 28%
7%
31%
109%
7%
'
■
■
Range Since January 1
*
Mack Trucks Inc
1,500.
15%
*93%
28%
16%
27%.
;
*420
9%
54
291%
r
27%
.
520
934
24%
11%
1093/s
28%;
i4{>:
19
41/8
7%
1
Range for Previous
STOCK
Par
MacAndrews
100'
133/4
13%
*12%
28%
>
I;;.;
15%
165/s
,
; 36%'
19%
;;;
14
28%
.
■
■
.
-
—
2,400
- ' 112
*109
'
31
■
36%
;v
100
v:
50%
15%
*420
•>
11%
•
158
15%
10%
7%
:/■:
110 > V
i 28 5 8
28%..
•
520
353/4
353/4
*145
49%
13%
>
*18 3A
54
16/4
*53%
,
.
311/8/.
10
*"»
EXCHANGE
k Shares
36'%
112
>
4
,
$ per share
49%
*109
19%
15 ...
*420
10
24.
12%
..•
520
U
13%
>28
29'%:
'•
10
;v
13%
■
NEW YORK
the Week
H
36
■
36%
*13% .13%
14%
:
28%.
>
133/4
•.
t
Sales for
Mar. 21
r
158
49
112
*109
19
/••: 4
110
K
15
7%
*1091/2
112
19
'*28
23%.
,
,36%
14%
71/2
Ip't
36'%
19
*12 Va
4
:.
36'A
14i%
;*9%
29%;
*34
*145
49%
18 3/4
*420
9%
*28
34
158
49%
14%
14
■„ >.
13%,
*33i%
*145
Friday
;
$ per share
49%
18%
.
„
520
9%
'km j
*13
-v
141/a
v
*420
*'13
Ill/a
18/4
141/2
■
*108/2
,
,
34'%
49
36"%
*109V '
V
36%
Sper share
158
*145
49
.36%
108'/a
i *13
Mar. 20
*32%
155
48%
:
36 »/8
:
Thursday
Mar. 19
S per share
341%
*145
48 %
36
;
*321%
153
%
48
.
$ per share
*
STOCKS
Wednesday
Mar. 18
Mar 17
't
■
1 * .♦'•
Tuesday
*
Mar. 15
•« ••
"V, '•
LOW AND HIGH SALE PRICES
Saturday
Jun
N
4;
.
sLOW AND
Saturday
Mar. 15
J
Monday,
Tuesday
Mat .16
Mar 17
$ per share
Sper
16%
16%
25
25
v
,
Thursday
1
Mar. 21'.
$ per
$ per share
$ per share
17%
*25
16%
25
16%.
17%
25
>
17
.*24%
28%
28%
14'A
15'A
*26
15'A
t
;
30%
■
.■•271/2
-15%
V
30%
V-
*183
190
v
24%
,24%
11%
11%
-
39 % ■/ 39
190
%
■
12%
12%
'12 %r'
37
.36'A
v-.
39%
39 y4
;
38%
38%
2 11/4. .21%
V
*104'A
*104'A
104%
30'A
*187
;
30%
■/
188
->'151 /
154
r
•
0,
31%
-
*183
187
>
24%
'
39%; 40
*67/8
*23
,
.
:'.V
*35»A
>*1041/4
•30%
31%
''■
7
,
*45%
37%
y
r
•
186'A
;
■
*150
v
*67/s
1%
12%
26
13%
19%
19%
187
,
154
33'A
32%
"17 %-
,16%
167/e
19%
19%
19
>
38
*16
>104%
•104%
89
26
■-•
7
•
*11%
25%
25%
25%
25%
13%
13%
13%
13%
13%
16%;
257/s
26
16%
f
88
16%
>
-1%
24
'•'
•16 •"?
88
26%
26%
*26
26%
16'A
16V4
200
: 13,000
•■
'
,
11%
,12"
ll7/s
22
22%'
17%
17%
17%
*105%
106%
♦105%
-
22%
17'A
106%
-
footnotes
see
page
■
L-.
105V2
1607.
0
-221/s
*17%
EM
121/4
12%
12%
22'A
22%
22%
18
17%'
17%
12%
105%
'105%
107*%
Steel
National Supply
'
11%
12%
22%
'•:
17%
17%
/
26%
4105 %
107%
22%
*105%
>
2,100
-
:
r
900
10
Oct
25%
Oct
52 Va :Jan
27
Sep
41% May
6
14% Nov
16% Jan
Feb
.
341/4 Feb
185
(The)
41/2% preferred—
National Tea Co
—
—
-10
40
100
-10
i._l
Fibre Co—
Co_„———No par
Nehl
Corpi-——..-.-No par
Neisner Bros Inc——L
-_1
'43A% conv serial preferred—-100
.
„
:
20% May
Deo
28%
Jan
APr
20%
Oct
34%
25%
•
15
Oct
37% May
180
0
12%,Jan 13
xl6
Mar 14
88
Mar 18
24- Jan 13
15 A Jan 20
; 11% Jan - 3
20% Jan 2.
16 Va Jan 15
105
Feb u
Apr
32% Apt
205%
Nov
-.22%
Oct
9%
13
Nov
21%
Feb
Nov
Oct
45%
Jap
7
40% Feb
7
31
•14% Jan
7
13
40% Feb
13
24
24% Aug
38% Dec
Feb
17% Feb 21
15
Oct
23
Aug
3
30
Sep
45%
Apr
Jan
38 '
20% Jan
0
'22% Jan
2
19% Nov
Feb
19
25% Jan
2
15
34Va Jun
15% Nov
.> '•.
79% Jan 10
25% Mar 20
25
No par
Pa—
'
Natomas
1
Corp—'
Sep
13% Feb
Mar 11
34% Jan
10
.
,Jan 28
26% Feb
Jan
13%
7
21
29% Feb 24
•
Jan-13
Mar 17
Jan 23
Jan "13 ;
Jan '10 '
103'/2Jan
13
?23'
6
14 ;
Jan 13-
"*/
7
Jan
,<16% Feb
3
■
Highest
13>
30
371/2 Jan 23
21
Mar 11
J—1
cOiiv 'preferred
Nat Vulcanized
.
900
22%
107%
800
.
II,600
12
175/a A17%
$2
150
.16%
12
32'A
15%
• 30
lO'/e
[ ' 173A
Nopar
Sugar Ref Col_
National
I,100
16
:'22%
^
National
1,100
26%
16%
34
*
$ per share
•19% Feb
.
•
illV4 Jan
$ per share
share
29% Feb
-2
21
13
10
13
Jan (15
Jan 13
Jan 13
182
Jan 17
23 I Jan 10
T4
•
Year 1946
Lowest
1
42
Feb
107
*35 % Jan
j
32% Aug
31% Nov
67%
Jan
16% Oct
Oct
;
33%
108%
JUn
Jan
102%
27
9
Sep
40%
189'/a Jan 30
178
Dec
207
28
X149
,Oct
173
Jan
167
7% Feb
28
Jan
10
..
6% Nov
20'A Oct
31
4
0
2
41 %
1% Jan
911/2 Feb
8
75
Sep
25'A
Dec
11%
Nov
53% Jan
>
10
15% Feb 11
281/2 Jan
181/2 Feb
Sep
l'A Aug
-
3,600
'88
>14% Jan
24% Mar
,27% Jan
13
Jan
/ ll'AJan
24
27
preferred——-No por
16%
'
$ per
7%
26Vs
88
:
L
,.
'V; *.'■'*
i
Highest
Lead Co—_i—
-10
30VeFeb 26
.'preferred A
k—
100
183 % Jan 0 0%
preferred B
100
150
Mar 20
<
National liinen Gervice Corp
—1 ;
r63A,Jan -10
Nat Mall & St'l Cast Coi—^Nopar - / 23
Mar 11
National Oil Products COjL
4
>
47
Jan 20 ■■;
National Power & Lt ex distribution
1
1% Jan - 2
V
•13%
:
1
Lowest
National
2,600
>■:'•
'
16%
$4.50'conv
;
'
13%
16
*87
t--l
Nat Enam & Stamping
National'Gypsuih Co__
s
25%
L16.
16 V2
280
1,300
...
1%
83%
300
2,400
?
49
a%
88
16%
•83
:
,'T
;; '7
•83%
1%
'1
*
ll7/8
For
26
88
16'%
23 %
84
1%
.
7 4>:
*46 ;■ •
83%
'16%
16%
22
..
Va
84%
13%
89
26-
50 "
r-
84%
v
26
23
*47
1%
"
15%
!
:23'%
48
'
;
151
150
1
7'
14,000
32
186
*150 > 151
/7 •
23%
84%
:■/ *25%
104%
31%
1 '/2
:
...
;•;:•:/ 9,000
■•■::■;:>> 10
22'
185%
31%
186
186
83%
13%
16%
>
26
15%
..
7;
23%
26 A"
*87
•
•
:i
104%
•
'
31%,
31%
187
City Lines Inc
National. Container—
National
300
39
r
>•21%
22%
y 47%
1 %
1 •%
Nat
••'*;
39
38
21%
*iso ;• 153
47%
83%
16%
16%
■-
*87
-
7
'-•19%
19'A
Cash
Cylinder Gas Co
—fl
Nat Dairy Products.;
—No pdr
6,600
2,900 A. National Dept Stores^-^-———5
National Distillers Products
No par
16,200
33%
17-
L—No par
1
-I
Register—
Nat
5,400
•/.'••r 2,300
15%
104%
*104%
: 31
31%
,'15%
32% '
'
15%
22%
22%
104%
187
15%
••
Co
,
'/
Range for Previous
>•
RAnge SinVse'January 1
$ per share
j National Can Corp—i——-—ul-0
2,300
12% >12%
38
-■
*37%
.'23%
25%
•',:
■13%
2,900
4,100
r
38% > 39
171
23%
13%
63%
*25%
'•;.
40%
39%
40 'A
38%
17
'*46'A
83%
•
.
-200
;
11%
12%
33%
47'%
,-l%
1%
83'A
1
f
200
1
11%
Corp
Acme
5,6oo
38%
32%
40
'
■;
'
• 24%
.
Chatt & St Louis
National
2,700
>
;
V> 31
*183 V. i 185
'>233A • 25
12%
>
15%; 15%
7>:
23%
23
24
*45% -47
:
7
:
.
——»
100
———-1
National
Airlines
1
Nat 'Automotive Fibres Inc
1
NationalJ Aviation Cofp.i.
-—"5
National Battery Co——';——A
National Biscuit Co common—j-10
1%
preferred—
——100
Nat Bond & Share Corp--—No par
Nash-Kelvinator
"'•• '•'*
1
/.
EXCHANGE ;
Nashville
4
151/2 y 15%
32%
'313/4
>>.'19%
.
39 7/a
•
•'
•
'
15
27
39 ;"'
12%
12%
-
■
'
187
.
*''1
Par
1,900
•
31
11% : ii7/8
12 '
>ll7/a-
22%
153%
.
*23% V 24%
17-,',' >17%
104%
187
*151
30'/a
31%
30%
37'A
22
30%
■■*187
:
-
"
38
21%
V
27
-
19%
19%
A14%
39%
12%
•
*36
■\
36%
I?'-". '•17%
•'
1-4%
27%
^
1,700
2,600
•
y
'
12%
37.A'..
>•
-
14%
*26%
11%
31%
19%
15'A
*183
24%
-167/a
14%
12 ;
12
•: 27'A
:
187
U3A
16%
28%
28%
14%
T2;
/ •'
60
,
28 Va
14%
11%
15
30%
*23%
,
14%
12%
24%
•
14%
26%
*iai
.
28'A
15
>-12>
t
12,100
17%
: *26
14%
11%
-«
19
1-1%
28'/a
14%
14%
30%
:f i 3i%
:.
28
28'A
...
>'■
26%
,
;.
,15 Va ,15%
32%
"i: 31%
'..15% -15%
;All3A
24%
>
391/4 A
36%
>-
-28 >
*14%
,
30%
•1*23%
*11%
<
.•
>
27'A
*26
30%
*183
11%
.15'A
:
..I41/4
11%
'.:■
28%
14 Va
28%
11% 'wll%
STOCKS
NEW YORK STOCK
Share*;
share
16%
;
the Week
v
24%
,
25
-
■141/4
;
Sales for
Friday
Mar. 20
26
16%
16%
26
16%
*25
Wednesday
Mar. 19
"
'$ per share
share
j >.
HIGH SALE PRICES
16'A Dec
13.yo
Apr
July
Apr
10% Aug
41%
F<!b
72%
May
2%
Sep
101% July
38
Apr
25
Jan
32
Jan
89
Nov
106 Vi Mar
94% Jan
18 >
29% Jan
24
21%
Oct
42% May
17% Feb
10
14%
Nov
24% May
12% Feb 13
241/2 Feb 17
10Ve
Sep
•
18%
1
16
Feb
32% Jan
16% Dec
Feb 10
IO6V2 Jan
15
18% Oct
22
104
Dec
Sep
109 % Aug
-
HH9IRRRI
im
'
\,;;1
^ >
THE: COMMERCIAL & FINANCIAL CHRONICLE
a,-
<<
•
,
,
a?" !
Mondayv March 24,1947;
"Tfr
NEW
YORK
STOCK
RECORD
LOW AND HIGH SALE PRICES
Saturday
,
Monday
Mar. 15
#
$ per share
^33 %
*104'/a
105%
*104
*29'/a
85
85
24 y2
*54
"
105'/a
105
*12% - 13
40
\
%
105%
r.
,
40
238
239%
*123
4A
4,V
10
*103
109
13%
10%
"
102
101%
19%
10%
19%
19%
19%
102%
19%
42%
42%
•42%
42%
10%
10%
10%
10%
*16%
•10%
16%
*35%
36
16%
"'•;
109%- 103%
21%
21%
*20%
21%
*34%
:
*105
11%
*114%
115%
;
*105
11% •:..
-25%,;.
28%
*159
29%
::
*22%
;
161%
*22
'23
*88
V-
'90
72
72
*11%
; *23
:
88
*88
'i72 y 73-;.
*11%
71%
11%
*15%
17%
*58
34
61 v ;
33
ft
59%
33
-
*5%
12%
12%
*107%
*108
108%
.'7%
7%
ft
*108%
'46%
108%
-ft
7%
72
ftftv
•ft.
72
ft;
24%
".48%
■ft- 24%
3%
38%
31%
-*12
*75
■'ft
42
ft
75
12%
ft: 12%
:ftft
8%
9
22%
34
*112
114
20%
::••.
22%:
ft
22%
51
94%
*94
■
16%
*15%
26
'25%
19
*19%
*104>/4
18%
106
-■>.
*76
v
106
ft
81
*28
29
*107%
9%
/; $
*57%
*105%
106
24%
24%
27%
28
14%
-
ft ft--
' '?'■
r:
24%'
*
■
118%
27%
27%-ft
*117
118%
106%
*106y4
ft
13%
98
25%
33%
33%
*105%
106
*99 ft-
100
;; *26?
*87
:
13-
98ys
*26
90
*87
50%
17
50
:
:
49%
17
•ft*
17%
V
333/4
107%
*105
12%
12%
100
,
23
*15
*180 ft;. 193
36%
8%
8%
10%
10%
*113
"63
*69
120
'■
*106%
*12%
23%
*180
,.*35%
333/4
20
23%
64
69%
"1P0
35%
8%
lorft:
24%
28
;? 13%
26%
,
97%
97
,
34%
ft
105% *
*99
-
58
-
33%
107%
ft
*15 ft
,*99
20
*235/s
ft, ;ft
■ft?
17% Jan 13
22% Feb
9%
20%
24
180 ft
*106%
123/s
*99
ft
•
■*•
10%
10%
34
'i
May
36
Jan
?96%
Dec
6
Co
Feb
117
xl8% Feb
114
;
104%
ft
16%
Nov
56%
ft
Jan
55%
Nov
Jan
193/4 May
Dec
25
110
.ft?':;: ft- 89
29%
*28%
86
90
ft
.
May
.
Penn
«
ft
:
-
ft
400
ft
c
:
Glass
5
No par
&
Sand
5%
5%
.200
Pet
Milk
Oct
Dec
l6y4Jan
24
13 ft,
Octft
203/4
50
18
f
Jan
Feb
373/4
108% Feb 19
9% Feb
11
43/4
79% Feb 15
56
233/8
10%
*114
Friday
Mar. 20
143%
ft
58
Mar. 21/.
$ per share
1434
♦14%
53 «/a
.
■ft
59.;.
'T
;
w„*27%;.28%
106%
,-..106%
^.133/4
ft... 25%
"
.:
35%
ft
106
■'ft
99
-.
27%
.ft
*26
ft
90% ;
ft/ *87
,
4
6
3%
ft 38% Feb
27
? Jan
9
35%
Jan
75
34% Feb
21
26
Oct
29
Feb
12
Mar
•
43
27%
52
^
8
-ft
Apr
73^
11
/12 7
Oct
22%
14
Feb
10
11%
Deo
24%
Feb 14
<84
Jan
8
Mar. 15
8% Jan
18% Jan
'
NOV
12%
Dec
Oct
16 '/a
Feb
r17% Sep
ft 303/4
Jan
25% Feb
25 ft
:
Feb
25
ft 28%
117
Jan
29
22
Jan
6
20%
Sep
26% Feb
3
25
Sep
6
37% Nov
25
513/4 Jan
.
22
16
16
Mar 21
100
90
Mar 21
Jan
14
ft"
Oct
8%
Jan
363/4 Jan
Jun
109%
Jun
43% Mar
.
Sep
2
Apr
513/4 Jan
132
28% Sep
105%
May
40%
Oct'
7
9% Jan
,
•
ft
Oct
75 ft
4
xl07% Mar
Feb
Dec
115
Sep
.
47%
68
Oct
21%
Jan
27%
.51%
Nov
14 *
15
34
..
8
5
8% Jan
86%
13
* 3
Jan
115% July
ft
ft
Jan
23% Jan
Mar 11
Feb
43
453/4
373/4 Aug
Jan
Feb
ft, 111
26?
80
Feb
31% Feb
ft: 18% Mar 15
105 v Feb
105'
21
101% Feb
•
16
; 28% Mar
■
Jan
55
92% Jan 27 *
100
110
•
16% Maris
*
'
493% Mar 21
100
Jun
40 Vb
ft 6%
Feb
35
27;
24 3/4 Jan
7; 57%
11
19
21% Mar 11*
5
Dec
' 4
ft
114% Mar 13
Feb
> 81
lO3^
18
44
Jan
64% Sep
15% Jan
16
19% Jan
Jun
48% Feb
3
29V2 Jan
ft
Jan
48% May
35% Aug
14% Feb
10% Mar 20
NO par
97% ■<
973/4
ft
500
35
107
100
c
i
c
I
;
Dec
109
' Mar
14%
Apr
fft
500
17
,
-
,
12%
12%
100
20
;/v
:8,500
600
20
♦106
12%
20
20
19%
*22%
24
24
♦180
190
♦181
353/4
36%
8%
11 Ve
8%
:
99
193/4
2,500
40
3,300
24
/ ^
500
,;r
f
8%
3.8 %
•
-
3.60%
5%
/
190
36%
8%
$4
$5
Pitts
4,100
10,300
66%
610
5%
65%
663/4
70%
71
.
665/a
♦71
73
2,600
60
26% Jan1
Jan
100
21
3
4
13
Jan16
Mar 14
105% Jan
■; Mar 20
Feb >6
27% Jan ' 2
29% Jan 21
'
_loo
*
-No par
3
109
Jan ft 7
101
Jan
81
:
29
Jan
17
50% Mar-15
15
25
33
No par
Mar
-
Feb
7
31
91
Feb
Mar
conv
Consolidation
Ft
par
No par
preferred
Coal
Co
Forgings Co
Wayne & Chic Ry
Pittsburgh
Steel
'10% Jan:
97
18% Jan
~1
II100
100
20
■'
■»
Z-No
par
No par
Co
preferred
class
B
class
A
100
conv
pr pfd
100
186
Jan
:
Dec
;
33%
Sep
•?
203/4
,
Feb
26
ft
84
7
ft.
49
18
l
37
Feb
Feb
,
>
16 Ya
8
108
19
2
6
,
r
2
16
35% Mar 11
7% Jan 13
16
118% Mar 21
*■
Jan
203/4 Mar
26% Feb
Jan
*
ft
May
19% Feb
:
47
Jan
,
102 .% Sep
Han
71
? Jun
j
36 <<% Jan
89
-Nov
73 %
Jan
-ft Jan
36
Sep ft
' Oct
.
Dec
■
17 y4
ft1: Dec
110
,
-
a'Feb
U
136
May
,«
15% .J Feb
.ft
Nov
26% May
r;,|
Dec
30
hFeb
j
202
May
>
210
Mar
Nov ;
>
106
427/a Feb
1
Sep
48%
9ysFeb
14
7%
Dec
14
Jan
8
9%
Oct
22%
Feb
13
Feb
30>
118% Mar 21
61
Jan
13
70 y2 Feb
67
Jan
13
71
Jan
8
27
103
-
59
Oct
-
68%
ft
Feb
July
200
July
;
41
xl6%
'
10
2
ft
Deo
Sep
197
203
Dec
.Feb
893/4
6
34
122
106 % Aug
7%
28
Jan
Jan
112
ft
Oct
29% Sep
102%
13% Jan 18
99
-
Dec ft
25, v.-104% Dec
8; ft
963/4 Dec
2
Mar~14
Jan
100
preferred
5%% 1st ser
Jan
Oct
11%
76%
30 3/4 May
-
89
May
117y2
ft
20%
•
583^ Jan
Feb
Dec
Dec
May
i;
.
;
123
1
I_io
:
Feb
80
x48
.
Sep " ft
ft
Feb*-7
26
103% Jan:
27%
•
■■16%
ft
116
98% Mar 17
•43% Jan 18
22
' Dec
24%
Mar 21
106% Mar 18
ft 15% Feb?" 1
30% Feb 18
ft
ft
107
;
-i
119.
'
•
Sep
51% Deo
*
109
98
100
Inc
•
Apr
29%
.
Highest
$ per share
35% Jan
„
13
59
22
93% Janv 3
■33
No par
7%
preferred
Pitts Plate Glass Co
Pitts Screw & Bolt
7%
ft
*
ft
7
105% Feb1
>■-12% Jan
3
100
preferred
Mills
preferred
-
^__5
preferred
Petroleum
Pittsburgh
10
70%
2.
LttL
Co.
Mar
'ft
13
62 y2 Jan a 2
-
t per share.
% Feb 20
-433/4 Feb
17
24% Mar 15
116
l
Pitts C C b St Louis
RR
100
Coke & Chemical Co—No
113/4
69%
j
15
Lowest
/
Pitts
ii8y2
69%
Iron
Corp__
Plllsbury
11%
65%
series
Jones
/
____100
100
b
Jan
-105
*.
^
Coal
16
36% Jan -16
55
No par
No par
cum
Phillips
118%
64
Read
per share
46% Mar 14
;
No par
Corp
ft..,
3%%: pfd series A
11%
65
preferred
Philip Morris &
4 % preferred
118%
120
♦63
&
14y8 Jan
50
Year 1946
Lowest
$ per share
..25
Range for Previous /
Range Since January 1
Highest ? ;•/.? A
:ft*
No par
1
com_
Philco
ft
Pitts
'
36
ft,■
Phoenix Hosiery
34%
123/8
ft 'iftft/ft;yftftvftPar
Phillips
107%
99
-
Phila
70
17
*33
*106%
EXCHANGE
-
.
27%
*15
;•
ft -•-?
,
,? $1 preference com_
? • 4.4% preferred
11,700
..ft-:'
-,
:w $6 preferred
Phila Electric Co
2,700
52
52%
106%
r*116
ft..
:/ 51%
.
83/4
U
10
i
26%
'*98
33%
*181
r
t
90
36%'!
119
82
1
42
100
/
800
90
106 %
*106
;
600
8,200
ft *26
*180
190
'
74
-
100
Phelps-Dodge Corp
■Philadelphia Co 6S preferred
8,000
ft.V
343/4
ft
33%
*99
233/8
Oct
NOV?
2
11% Jan
;
Apr
May
39% July
Sep
ft
100
Pfelffer Brewing Co
Pfiaer (Chas) & Co Ino
150
'ni:;.
*105%
ft 99
:
y
119
27%
*15
ft'
107 '/a
"ft
;
"'■■•
4,700.
28%
ft ; 90%
ft:, 51%:
17
20%
90 Va
"
:
Apr (
110
2
NEW YORK STOCK
-;/■;./' •,'■.••'
'
24%
26%
973/4
106
24%
ft
t
ft 13,700
:.;••;■>■ 740
58%
1063/4
13%:' 14
26%
ft;
106
1063/4
14
.*96ya
:
ft? 119
34%?; 35%
*
40%
*28
106%
14,.
27
53%
41%
583/4
105
119 '•?
12%
Feb |
Jan ft
a
Apr
Apr
14% Jan
Oct
4'% Jan
33 %c
STOCKS
■-•ftShares
ft;
900
143%
53
40%
.
Sales for
the Week
'
..*117%
-
♦181
Thursday
v105
105
24%; 25 ;•;.:
ft;
52%
Jan
Dec
Sep
105%
24 y4 Mar 14
12%
27
1
ft;: Dec
100
;ft
7
53y2Jan
100
Co
13
32 3/4 Jan
10
Apr
56%
ill
./
8
17
50
4%% 2nd preferred
Petroleum Corp of America..
1,000
5%
11%
13
No par
-
34%
13
Jan
100
prior preferred
preferred
18% Nov
3% Jan
7
NO par
Co
181 ya July
11 y« Feb ft.
J
21
1
Marquette Ry Go
24
;
Apr
160% Jun
Dec -:l
Oct
5
Jun
48
:
"
Oct
ft
164
ft
Jun ft
67%
73/4 Feb
10
Ry Co
Pere
13
28% Feb
1223/4
8
Feb
473/4
14% Feb
45
No par •
No par
;
2
Feb
7
Mar a 1
•
14
ft
5
:
129% Jan
Jan
48
;
16
70,
2.50
Co
54% Sep
28% Oct
Jan
40 y4 Jan
No par
Co
36% Oct
168
104% Jan 25
5% Jan 13
No par
Corp...
18
Jan
1
Corp,
19%
25% July
86% Mar
Jan 11
39% Feb 19
"
8
10
1
Enterprises
Oct
Apr
12% Dec
ft Nov -'•"
24/ Deo"
17
13% Mar
1
Co
10%
100
:
ft-'11%
^—No par
_100
Mines
111% May
NOV
43% Jan
: Mar 11
Jun
49
8
; 62%
ft
Feb ,;.
35 ft,
\6
l
Inc
Mar
39%
180% May
Dec
69%
1
Feb
-51% May
Sep
37% Feb 21
16
Jan
Feb
Feb
120
86%: Oct
■J
Jan
ftl77/e Jan
Oct
'
19%
4
19
3
21% Jan
10
preferred
Pepsi-Cola
2,000
1,300
ftftft
Mines
5%
,000
9%
162
1
Salt Mfg Co
Peoples Drug Stores Inc_
Peoples G L & Coke (Chic)
Peoria & Eastern
108
9%
105
100
Penn Power &
Light
Pennsylvania RR
«
600
ftftftft
.100-
Corp
Corp
Pennsylvania
22,700
*
Teleg
•26
Jun
xll9%
Sep
158
8
73
*
.■36
'
25 ft; Dec
7:
12% Jan 13
ft
ft
40% Mar 12
28% Jan
Jan
793/4 Feb
22% Jun
Oct ft
xll3
8
93
58% Mar 18
Penn Coal & Coke
Corp.
400
300
Jan
25
Consolidated
28% Feb
»
16
No par
Car
&
Jan
18
Jan
.
29% July
Sep
ft
99%
18
11% Mar 13
SO
Airways
Tilford
28% Feb
112
-
10% NOV
6
163% Jan
13% Jari 18
No par
No par
non-cum
Penn-Dixie Cement
,
19,800
:
IndU—
Feb
?
737% Nov
•
Jun
Feb >
18% Nov
ft
17
33% Feb 18
\v
71% Mar 18.v
10
Penney (J C) Co
Penn-Central Airlines
30,200
:
.12.50
Penick & Ford
•
;
No par
Co-.
No-par
Motor
Davis
Patino
1,400
200
.
,2.50
Parker Rust Proof Co
Parmelee
Tiunsportation
14,300
v
29%
*107%
9%
v
8,700
ftVift
Mfg
8
Feb
13% Feb ft 4
21% Jan 15
^
American
21
107
28% Jan 13
159% Fen 10
22% Jan ft 2
88 ft Jan 18
Electric
Telep &
preferred
2
/118
.10
non-cum.^
&
19%
ft 25% Feb
18
Co__.
preferred
Parke
ft 300 ft
.17%
109*%
Coast
preferred
Utah
ftfft
27%
1st
&
500
114% Jan
—No par
Glass
6
13
100
com
108%
13
10% Jan
30% Sep
■
18
21% Jan
16
101% Jan
'Jan ft 9
24% Jan
;
: 203/g Mar 17
20% Jan
A
38
.,111% Feb
16
6
x
Paramount Pictures Inc
800
22%
111
Pacific
Park
ft:
pfd—20
No par
Paraffine
ftft'ft;
26%
Elevator
2
109% Mar 14
.21% Jan
preferred—100
Panhandle Prod & Ref
Cos Inc,
4% conv preferred
•-
ft 1,000
:
.100
No par
-
convertible
Park
-
-ry
20%
35% Jan
preferred
Corp
2%
Pan-Amer Petrol &
Transp
5
Panhandle East Pipe Line
No par
•4%
preferred
100
2,500
-
Co
Oil Co
■
.
22'/4 1 '
44% >44%
49%
49% ft:,
.*92%
95
Edison
i
' -ft:
;
22%
*113
*69'/e
16%
Jan
Oct
16%
153/4 Mar 21
Pharmacal
200
9 %
22%
:
:
'
25 Va
100
19 3/4
♦180
193
Dec
111
7
2.50
Pan
2,300?
11%
9%
f22 V4
ft >20%
'
'21%
:ft\'
94
.
40%
ft;;?;:.
34%
36%
69
17
115% Jan 11
9
3,400
A.
.42%
ftV^fft
,
45%
52%
*105
12%
100
*180
*
34
ft' 8%
63%
4(| Mar 14
10a/4 Feb
25
11
1
13%
42%
t per share
;
100
*26
27% ft?.
,90
■'" ft *87 'ft
52%
ft 51% ;
-17
Apr
Aug
393/4 Apr
Oct
13% Feb
36,500
77 -ftft::,,
21%
:
105%
106
8%
120
12%
*74
ft;
52
•
.
17%
-
..
97
34%
106
-
36%
69
39%
i
'
28
8%
63%
23%
ft, Jan
V
*
14%
119
36%
*113
22
9% ft
40%
8%
11
7
10% Mar 18
Packard
?'
i
'
16%.
26%
.
-
52
36%
11
33% Jan
No par
6 %
9,000
ft"-
3%
*32
*23%
9%ft
*106%
26%
50%
12%
100
19
*180
-ft-:,
12%:
*99
18%
129
Feb
288%
Dec
Rubber
Pacific
400
"
ftftft *107% 108
108
♦117%
;
r13%
101
14%
58 ;
ft
"ft
*105
23%
18%
53
NOV
119
&
Tire
Pacific Tin Consol'd
Pacific Western Oil
>
'
32
*111
ft 83%
'
per share
105%
ft
:
106%
ft; 90 ft
333/4
107%
*105
*99 '
ft;
*33%
*106%
Oct
223
Mar
Oct
80
100
•
■
''ft:;
48% .ft
13
ft-,ft:
-20%
108
...
*33%
*106%
31%
Feb
283/4
Nov
Mills
3,000
26%
26%
ft
21
40%
ft;-ft" ft
28'
118
Nov
18%
Pacific
20
20%
27%
50%
ft
24%
105 %
ft
i;
105%
-*99
,
ft- ft'
,
58
105%
24%
11%
44
Gas
19,600
ft
•
112
ft *12 %
-aft,
16%
..
108%
9%
ft S
,
113% Mar
6
16
Feb
325
7
4/ff Mar 14
9% Jan
May
Jun
125
253/4 Mar 17
110
76
Dec
7
Jan
37% Feb
41% May
■
252% Mar
223% Jan 22 ft
118% Feb 18
No par
Lighting Corp
15,400
:
*31
♦Iftft
.*49%
*91
ft
34-
20%
93%
'.>• Mar. 19
40
97%
ft. 33%
'
'
20%
Wednesday
50%
27 % ft-.:
ft?.;:*26 ft' I,
-
8
43
Jun
102
1
2
2i\d
1,500
.'ftftft,.?'
7%
39%
114
i
ft.
•111
81%
14%
>v
90
*15
*32 ft'
,'r.
28%
13%
ft
% "513/a ft
22.%-,
,,
81%
25%
100
-
114
28%
*107 %
106%
:
33%
34 ft:
*105%" 106 ftft t
*99
14%
28
25%
97%
7
Jan
May
275
1
133/4 Feb
Dec
17
Pacific
500
-
-
'
•70%
*47
ft.
9ft,
22%,;
*8%
ft.,
,
31%
81%
per share
*117%
•
13%;
.25%'
27%
-
ft
50%
*15
;>
■
106%:
9%
22
7%
ft'-ft: 3%
12%
75
48
25%
ft
42%
42%
ft. 10% ft 12%
-
ft
12%
*31%
21%
26%
Mar. 18
ft .ftfti? 39 y4
57%ft : ft 57%
106
!
i
"ft
*44%
*16
,
108 ft:
39%
24%*
39% Mar
ft
20
Mar
•
353/4
61 %
Oct
21
Pacific
-ft
'
15%
"
3%
45%,.ft
51%: ft
93%
Tuesday
;
ft: $
49%
107
3
LOW AND HIGH SALE
PRICES
■"■',.
*106?
13%
-ft.
9
15
11% Jan
Jan
135
Oct
Y4
45% Jan
'
110
6%"i ft
13 % ft ;'•
.:• 70%
*108%
48%
•75
28%,
9
103% Jan
Feb
16%
21%
53
21% Feb
900'
*108% 110
'•.ftft*'
ft
39%
31%
22% ;/
'"ft *49%
;
27%
*107%
3
102% Feb
Pacific Amer Fisheries
1
1,800
ftftft'"
28
47%
3%
*44
20%
*117
25%
93'
13%,
*106%
per share
57%
*105-ft
;
42%
12%
20%
ft
4
19
62% Jan
290
Apr
Oct
Norwalk
90
5,500 :
;
-
5 % ft
v.:
*14%
38%
-ft
•;ftftftt
163
5%
13%
■ft
25%
*47
v
ft.
75
109%
.ft;-ft:
.V.
73 %
20%
28%
20% Feb
25% Feb
8
13
Jun
343/4
69 V2
Sep
13
Feb
109 y8
r
Sep
79
2
Oweni-Illinols
120
40%
6%
ft,:
112
;
130
*
28
7%
-
72
24%
;
-
110
7% ft
70
12%
*104%
ft;.--,ft 81 .ft'
V
x22 -".'ft
17%
ft ft 26%
9%
•
:
:
-
96
*16
*108%
-i-
-.:ft
48%
12%
20
108
14%
ft 48
39%.
58
:
ft-ft
.47%
,
32%
,; ft*9-1
V-. 22
v,ft r31%
.ft*112
.20%
.
81 V;
•
39%
45
50%
95%
Mar 17 f-
47%
39%
ft
50%
j ft
Monday
14%
47':
22%
•
29%
*107%
Sper share
14%
20%
*
26%
:-ft'- 9%
Mar; 15
'ft 114
-'ftf ,22%
-'•, 45 ••,
ft
•■•
ft :
i,;v;
33
26
1
16
Outboard Marine b
Outlet Co
:
;
ft
59%
33%
34%*111 ':v 112 "-ftftft;
ft:
15%
12%
109
'
•ft, *29
Saturday
.
17%
*80
•;
108
ft; 9%
-
96
>
25%
ft
22%
49
37
13%
♦108%
39%
ft,-ft *35
6%
13
*
42%
22
*112
6%
12%
*
9%
ft;
13%
2
Feb
13
275
6%. preferred
1,100
16%
*162
*14%
3%
32%
,
ft20%'.
45 ft-'.
?
51
16%
,
22
3
Jan
'
Jan
Otis
20
63
ft 164
*12%
12%
33
20%'
*49
94%
;
-
20%
ft, 22%*43%
■>•■
•
'
223/a Feb
(Minn)
Inc
Oppenheim Collins
2,100
11%
16%
♦60
5%
27%
1
75%
11%
ft'-
ftft
111%
"12%
43
yyft 9%
;
75
40%
ft
71
3%
92
*58%
*5%
47%
39 v-:-
75
ft ft ft
114
■
ft
,
73
%
34
*112
>
45
-
8%
22 ■"ft.
ft
•
*
ft'-y
100
59%
.ft,
7%
,
33%
♦26%
109 %
*47%
ft
13
ft-ft ..42%
:V ".12%
13
21%
*32
20%
*49 ft
ft
*12%
42%
..'*21%;
ft
12%
75
ft *32%
*43
12%
42%
ft
3%
31%
12%
99
Jan
.4%%
:
23%
-40%
,
'
•
39%
31%
*12%
37
Maris
17
20
58%
*162
3,300
i
*90 :,;y
:-■■
-ft
37 ft."::
*110
*108% 112
25 ft-:-- 25%
25%
ft
ft 40%
15%
7%
ft:
48
-
Power Co
Airlines
Omnibus Corp (The)
ft 8%
conv preferred
100.
29% V
159%
.-33%
"■■>
13%
71
ft
48
12%
ft
7%
72
39
ft
,
6%
13
112
/'ft-: 3%
■
39 %
77
*8%
r
6%
ft/ft' 46%
*108%
24%
ft
31%
42%
12%
ft
:
ft
•
12%
11
12%
T
3%..
39
*30%
12%
12%'
49
3%
38%
*30%
♦70
Mar 18
Jan
—100
Oklahoma Gas & Elec 4%
Oliver Corp
20.
*22%
17
27%
*14%
108
7%
ft;
25%
49
■ft ft'
47
*108%
13
99
Ohio
20.
1,200
159%
63
ft'
5%
ft
11% ftll%
*16%
.
,:ft
.
163
*5%
ft
.*26
15
108
*10d% 112
24%
*47%
3%
7%
*70..'
112
V
ft
13%
46%
.ft
■
6%
15
14%
46
■■■■'-
59;-.'ft; ftiwft
162
5%
26%
13
Jan
40% Mar 21
ft-
116%:
29%
-
?>-••
V"' 62%
40%
-
74%
73%
36
""ft 111 ft, 111
29%
ft
33% .ft
162
: 6%
ft; 13
*13%
46
.
6%
Oct
10
4.40%
.2,400
ftft *23;'?;•
92
.
..
•',.
.
*115
*22%
37
40%
11% ft
.*88 ft;
ft
11%
;
22% ft
105%.
23
"••■'ft.:/ 58%
.
5%
Nov
50
Ohio
90;.
13,000
300
,11%
160
'.ft',; 33%
26%
ft-ft-
"•
15
46
'
Oct
18%
Telegraph
Norwich
400;
21
ft *105 ft
*158%
i
ft
22%;;
22%
11%;
29%
■ r
17%
33
ft
ft
110 x
162
26%
6%
12%
-*13
,
ft;
59
34
109 'A
5%
*25
6%
y-
162
*5%
26
6%
.no
162
40%
58%
33%
,
.
34
ft
i
■ft 63
22%
ft
110%;!
*20%
115%
25%
ft *23%
73%:.
17
63
20%
*115
V* ft
92
11%
ft.
ft
33
„ft \ 40%
59%
34
109
5%
ft, *25
'".ft
-72%
17%
*31%
40%
•59%
162
*70 *
40%
33%
108y2
*161
•
"ft
40%
*58%
*31%
30
23
*88
.
"61
;
'■<
1,400
36
22%
11.
...
•
160% "
;•■••
*35%
*105 ft, 105%;
r-j
24%;,
*22
ft-
22%
22
11%;
29%
*159
11%
*15%
*58
ft 108%
;>
71%
11%
„v.
17%
59
40%
/
92
*32%
.*•
30
95%
36%
10
Northwestern
,
600
,
16
■•ft 110%
*20%
115
24%
23%
;
"58
■
26%
29%
'
States
Apr
Jun
21% Feb ft 4
16% Jan
50
pfd $3.60 series
Northwest
280
10%
15%
110%
22%
v,
105%
11%
115
36
*109%
22%
105%
11%
♦159 ftft 161%
*22
c;
16
36
.
110%
22%
115
:
10%
Cum
50
45
O
105 %
?
10%
16
36%
f 107%
'
11%
*10%
16%
*36
V
22%
•
*15%.
■
16
,
23
88 ft/
••;
41
21%
25
ft"
23
r<
40%
10%
Pacific
3
Feb
Oct
Oct
Sep
27
46% Feb
1
Ry
990
8,300
20%
11%
102
20%
22%
28%; 30 v,
*159 •• v 161%
•
101%
101%
22%
♦105
Northern
Northern
102J
V30%
16
22
10
Ry Co
7
59% Mar
5
American Aviation.
2
327/
85«
10O
Co__
113
40%
14
13
ft.
North
8,500
19%
*20%
♦114%
19%
101%
22%
•
19%
American
43 y4
May
110% May
Dec
29
100
Northern Central
42
20%
11%
19%
3,500
North
108
20%
*20%
115
; 115
*103
19%
21%
105%
*11%
\
4}}
10%
10
108
11,900
185,800
•.
42
21%
•;
10%
27
Nov
Nov
106
16
1
pfd
non-cum
25%
103%
108 % J
Mar 20
99
$ per share
106
-
6
18% Jan
Light 3.90% pfd__100
Adjust 4%
Highest
$ per share
38
40% Jan
50
Norfolk & Western Ry
'
36% Mar 15;
No par
Shipbldg Corp part stk
Jan
26'% Jan
No par
Noblitt-Sparks Industries
1,170
20
20%
21%
Y
42
10%'
35%
20%
Y Power &
N
19%
110%
,
105%
*23
35%
♦109%
102%
N
600
242%
18
—No par
preferred
& Harlem RR Co
360
d. 125
1(^% Jan
108
100
non-cum
Lowest
$ persha
17
—100
•ft
600
31% Jan
No par
No par
preferred series A
City Omnibus Corp
..-ft.
4ft
10%
Brake
New York Dock
v
41%
!
16%
35%
ft
21%
16
109%* 110%
21%
21%
>
1
21
16%
*101%
240%
♦122
Par
Chic & St Louis Co
Y
Year 1946
"
,' t per share
Y
•ft$5
■ft N Y
40%
-ft-'ftft'
•
Central
106%
26%
18%
York
13%
4,%
♦103
19%
Air
Range for Previous
Range Since January 1
Highest
ft",.' Lowest
6%
N
100
290
26%
4%
lOd
19%
243 ^
„«
1,700
ft
1,500' 'V,
Vft ft 300
N
62
*39%
STOCK
'
ft
'
York
New
ftft
,■
"ft
New
24%
,
*13
;? 125
26%
6,600
26,100
ft
90%
106%
'
13
240
•
1,000
16%
♦250
40
241
-•
10%
♦luo
19%
89%
16%
■
•'
106%
12%
4!i
10%
103
18%
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27%
,:
ftft'-i
29%
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60
40
125
4 A
10%
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24%
106%
244 %
26%
4%
42%
19%
;
♦122
26%
17
ft,
1,200
1,900
;
18%
.
29%
ft
89
40%
244
125
•
19%
101%
244
25%
y 10
4/ff
108
18%
102
*42
:
10
*103
18%
102
'
'
*40
17%
*55
13%
y
19%
18
YORK
EXCHANGE
;
.Newberry Co (J J) common-No par
3%% ftoreferred
1100
New jersey Pr & Lt Co i fe pldLlOO
Newmont Mining Corp
10
Newport Industries
1
ft
4%%
preferred
100
Newport News Ship & Dry Dock—1
40
41%
♦250* ■' 290
106
•13
ft'-'
,
19%
*22%
24%
"100
'
;
'
40%
30
60
105
100
88%
290
40%
240%
22 %
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♦250
13%
♦122
4%
.
10
"
!;
:
105%
*13
♦40
26%
*
60
125
25%
22
290
29
*98%
•
*16%
'
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»
19%:
17%
"a 29%
17
-
r
38
*28%
:
:
-.;?
Shares
106
37%
42%
•
;
30%
105%
243%
*123
29%
18 %
88 %
'
13
19
*41%
,
41%
17%
30%
40
238
125
29%
19%
41%
87 %
22
105%
13-
99
*16%
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105
*103
28%
99
17
♦250
40
.
'
28%
86
;
290
*104%
/
37%
*85
1
60
*
106
*
35%;
*34%
104
37%
100
Vl9
29%
104
•103
*16%
'*
*
:
29
35%"
29
28%
18%
"
NEW
■'
;
!
$ per share
37%
♦99
19%
41%
17%
■'
24%
,
28%
♦41
17%",
*55
*250
'37
100
19
.
86
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290
ft
17%:.'J
17%
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r*250
106
31
7
*34
105%
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41'
*85
ft*;
17
*16%
*22
*104
37%
28
19%
*29%
,
35%
105
*99
19%
307/8
35%
t per share
106
100
41
:
nva
t per share
35%'
*36%
17%
4?
17%
the Week
105
28%
*99%
,
19 %
*40'/a
Sales for
Mar. 21
-
*104
36%
28%
100
19
Friday
Mar. 20
*34
*
106
36%
■
28
99%
Thursday
Mar. 19
I per share
105%
*104
%,l*
36
28
:
*104%
.
106
36 V8
'
35%
■•
Wednesday
Mar. 18
S per share
„
3E>%
*•
Tuesday
Mar 17
,
STOCKS
.
1
141
Nov
96%
Dec
92
Jan
Feb
Jun
May
VcliuttiS-JWS.*NWA«-^S7i9?^^»f2"€'^
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V
i
Vf >
'Saturday u-3
Jr'.
t
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*',■
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*20
200
.
*175
v
20% V
•
*
r; , Mar. 17 '• <,
'-$& $ per share
.
4'
••-*** >13%*'13%
15 :
*175'
v
Mar. 15 .
pershdrex
■.
> 'Vs tow AND HIGH SALE PRICES
A*<A.'Tuesday,-.A-< 4 I.Wednesday
;«%Monday-
'{. ,'r-</'S
X
4
200
*191/2
/
*13%
•175
A,"
20V4
<
.
13 :13
v
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•*
•
41
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•"
'•• '••
'
.' ';-735%■
.',23>/4
23V*:
; A 108%
122.
122
•
f0ki]xx
25%
98'-1-:
98
35%
23%
41
:
,■
;;
15%
;
A* 13%
41
4,7 41
61%
V
28
61%
23%
A
99
35
<"■27*;
99 /A
99%
■V
.
35
,
•
**27%
.
23%
23%
23%
23%
7108%
109%
:109%
109%
/ 115%
114%
114%
114%
115%
\
122;
123
122
122%
134
135
134
135
/i
7108 :7 108 V\
122
421%^
132%
134%
113
55%
56
-
*112%
57 y4
57%
58
23
•
•
♦112%
U4
56
23%
24
23%
24
107%
107%
33%
'*,7.33%
*19%* 20%
20V3
107%
*107%
57%
23%
*
108
23%
107 %
108
*
*33%
34
*
21%.
*21
21%
x38
_5
97
No par
Jan
No par
No par
3
14%
Oct
Feb
17
38
U
53
Feb
»
43
32% Jan
>
2
102% Feb
13
38% Jan
11
2
21% Jan 16
107
25% Feb
32
21
Apr
67
Oct
30%
Jun
103
Sep
H50/4
Jan
106
Sep
126
Jan
139% May
Nov
117%
Feb
Sep
69%
Jan
2
127
Feb
10
8%
preferred^
100
127
2
139% Feb
4
1143/| Aug
119% Jun
5
114% Feb
8
112
Pub Ser El ft Gas pfd $5—^_No par
Pullman Inc
No par
Pure OH (The)
No par
Jan
12,300
'*
100
.5*
preferred
conv
112% Mar
21% Jan
;
100
61% Feb
24% Mar
51% Jan 13
4
800
22
200
Purity Bakeries
Corp.
13
107% Mar 10
,
Quaker State OU
:
No par
Ref
31% Jan
10
Corp
3
47%
6
36% Feb
150
19% Feb
107
-Oct
109% Jan 17
16
4
30
Feb
Jan
28% May
115% Jun
Sep
19%
23% Jan 27
Mar 14
20
May
105% May
41
July
1
118% Jan
34
22
Feb
71%
SI
Mar
100
10
•
63%
•
110
preferred
6,900
•
Feb
Sep
7%
*
108
.
Feb
30
119% Jan
-
34
Oct
27%
2
1123/4 Jan
-
Aug
'
1
Nov
17%
July
29 3%
Dec
31
Jun
25
Oct
983%
Nov
22
;
Dec
-
Jan
t
2-
Jan
100
Sep
,65% Jan
33% Jan 28
20
Oct
29%
11% NOV
v* 24% Mar 17
Inc
NOV*
19
10
13
Mar 11
<
12y4
15
Feb
16
13
34%
200
31%
18% Feb
*
^
Oct
400
24%
•107%
13
23% Feb
.,'15% Mar 20
12% Jan
"
5
,
24
60% Mar 18
preferred
$5 preferred
6% preferred
"
r
(
200
k, 14% Jan 28
26
Mar 20
No par
Industries
cum
21
J per share
Oct
23
24% Feb
;
'
58 3/4
^
;
Highest
NOV
12%
Jan
710
,
114
23¥<
34 A
r
135
58
(*20%
20%
123
•112%
34
34
N J com
$4.75
12% Feb
50
Pub Serv Corp of
Publlcker
;
960
58%
Inc
Co
'4%% preferred ser A—;
•
1,160
*134
114
Car
6,300
23%
1153/4
200
$1% Jan 13
—No par
1-
of Colorado
122 Va
.
1
Pocahontas—
Publle Service Co
109 %
Year 1946
t per share
"7
17% Feb
23
Jan
<
18% Jan 13
5
Creek
Pressed Steel
,
23%
■—-200
1
5
Poor ft Co class B
.
34%
108%
:
(The;
Procter ft Gamble
115%
V
Co
8.900
;J:*X 340
v 2,600
27%
S per share
13% Mar 19
-IOC
3,900
99
,34
__100
Pond
200
;
62
98%
35
:
41
'
61%
r
99%
35
114
A
'■14..,
.
Plough Inc
Plymouth oil Co
1,100
2,100
7,400
s
t
Lowest
'
'
2,600
;
*"per share
'' K*11
Young & Ash pfd—l
Pittston
600
-
v
15%
13%
*39
61%
7
;
21%
Range Since January 1
Lowest
Highest
:
'
Pitts
13%
223/4
21
15%
13%
25% 7.27;*.
,
;
113
r
15%
13%
13%
21
;
Y'-^ ' ' / Y"< V ;***
V'
i
'
Pittsburgh & West Va,
V* 1,400
,22%'
22%
Range for Previous
1
>
"
*?'.
•••■•
21
'
i
.
EXCHANGE'
400
200
'21
13
-
22%
121
■V
7 :' 33%
-.'
-
35%
4*107%
107%--
''
,
61
23%
22%
♦19% 20%
-1
♦39
61%
132%
•
33%
41%
114%
23
33%
>
60%
109
o
13%
21%
4 21
<15%
•175
•'•<
132%
55
•107%
♦38
13%
13
22%i,
21%
:
15%
*112%
r
22%
'
121
134
54 Va
•
A
115%
115
<:•
114%
133
♦112%
;
*
61
.
.iV
•'
23%
109
116,
i
41
7 60%
•'.
116
-
13%
.
*38
.
;\
....v
25
-
;
A
24%
25%
98 V\ <i % *98 Vi
98 Va '••
33% :-;i',v36;. '• 36
24%
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98%,
109
.
61%
...
.**
■
Va,% VT* 13.*
*20
16
*12%
13 /A'
22%
■'r
21%*;
*20%
STOCKS
NEW YORK STOCK
Share*
A
•13%s
13%
A
'(200
Sales for
the Week
:
I per-share >*
13%
*175
21%
13
22'/a
..
•
*13
.' 200
20%
V
13
>
I per share*
13% -13%
*175.
-20%
12%
14
*13"'-:. 13ya
22 •v2t%* 21% : lv:.\-'22ii>;22 7/,
22
X21%
,
22% ■ «•■■■ 21%
21%
',fl5%
16%*,'
* 15 Va Ul6% 't.Av 15%
"A •;
*
200
/
20%
*
A*
-
Friday. ,>•!
Mar. 21:
v
•>>!') Mar. 20*
$ per than
:
,
14%
'
■I
Thursday
.
A* Mar. 10
I per. share
>
{■■
*./*i2%
■•:
Mar. 18
38%
T*
Feb
25% Aug
V*.i. */>'
-
,**•*•'***;?
j
wmmwwimm
.'v. ■;
"
j.
•'
9
8%
,V:
;•
8 3/4
83/4.
9
.
*
liTpvX
.l3Va
'
*-V-763/a
13.
*76y8-
13%.
13%
* •> *103 -* 104% *
*103
''
36
i
36 V*
*353/{i
*
37 Va
j"*: *36%
'*35%
.
*
•36
*
15
'!
20
*42%
*42
15
15
;
*; *42
42%
20%
36
14%
.
14%
104%
1033/4
1033/4
1
35%
35%
35%
353/4
v
23 Va
23
23%
*37%
-
37%
20%
20%
-
20
■
•37%
38
'
*
20 <
v
*
700
.38-/'*.
;
Raybestbs
5,900
-
;
* *104%
110 *
•104%
7 13%
13%
;'-."|/.13%
/
42%- *42%
,<42%
>
14%
108%
*104%
13%
13%
*14s^
1,200
300 :■
;
*34% -/36.*v
'
15
•14%
15%
*44
•41%
42%
<
*343/4 * 36
36
13%
<
/
*25
133/4
•110
112 / -.*
112
v,
109
*25
26-
109
112
*'■:
15%
•
!
* *14%
A%
V
300.
33
;
*99
-
103%
33%
127/. Jan
—25 *
•99%
104
133/4
106%
*25%
*
108
50
26
153/4
15%
■•<•* 15%
♦79%
81%
*79%
81%
32%
33%
32%
104
•100
30
*100
104%
303/4
5
100
—
Reeves Bros Inc
.
Rels
(Robt)
-
ft Co
V
<
/
Preferred
28%
7%
7%
■
.7%
14
♦110%
7%
7%
13%
13%
»''■ V 27% *28%
,* 20%
28%
*110%
20%
111%
*110%
20%
20%
,
20% .
V
110 V'.?;
133/4
•i3y4
40 -
40 y4
■40'
40%
i 48%
;
*102%
* *48 v
•:.
27%
112%
Dec
49%
17 y4
14
Sep
Nov
33
32%
,
*1103/4
112%
*111%
113%,;
20%
207/a t
4,500 i
7%*.,
48%
**15 >*
•>
*9y4
22 %
93/a
*
23%
7
<
**
52
i >»503/a
*: * 23
40%
48%
48
51
403/4
40
103
103
♦103
22%
213/4
22
15 %
153/a
15%
15%
29
27%
27%
29%
9%
9%
22 y4
51%
.*22%
23 /
*28
9%
22 y4
,
v
..
•
9%
*,
* 52
9%
52%
'*22%
23
.
103%
300
:
28%
* 9% V'
9%
!
v
15%
2,200
;
2,100
.
100
;
3,900
1.800
:
s
163%
Sep
33%
Feb
Sep
Oct
53 Va
Jun
46%
Jan
31
Apr
•
15
v
99
-
Nov
Sep
112%
Dec
16%
Oct
76%
Sep
125%
Jan
26 y4
Dec
45 y4
Apr
14%
Nov
74
Dec
4
-leyt Feb
lOOyiMarlO
* 24 % Jan 13
;
52%
52%
900
22%
23
23
700*
i
■
12ya Jan
*
20
27% May
V Oct
par
series
i
Co
llOVa Jan
v
20% Mar 14
104
Jan ; 3
283/4 Mar 20
par
100
par
100
1
Ruppert, Jacob
30% Feb 21
112% Feb 24
243/4 Feb 10
109* Feb
3
'39
Jan
2
124'- Jan 28
24%
Oct
107%
Oct
18
Sep
97
Sep
,
7%
Nov
7
"
Dec
13%
Oct
.
24%
fh 24%
Apr
17 ya
Feb
40%
■
Feb
213A
■
Feb
118
Apr
313/4 May
*110% Jan
Sep
105%
Jun
Apr
34% July
45%
Sep
Jan
136
Jan
163/4 Feb
7
12%
Nov
28%
Feb
44y$Feb
4
36%
Sep
46%
Jun
x47y. Jan 22
101
Jan 20
203/4 Mar 15
50
Feb
104
Feb
25% Feb
3
43
Feb
6
3
100
'Nov
19
' Dec
10
133/4 Jan
•
20% Mar 12
51
Mar 14
22% Mar 20
<
■
24y4Feb
38
Jun
Oct
20% May
25
Oct
44
>6ya
Apr
13%
Oct
* 30%
Jun
40%
Sep
65
May
21%
3
Oct
17
60
Jan
6
26% Feb 21
•
50% July
1083% Feb
123/4
'16% Feb 10
31
Feb
3
10 I Mar 5
16
"26
Jan 14
7% Jan
3
No par
—
4
May
105 Va
12% Jan 16
393/8 Mar 14
•
.100
,
3
3
Maris
xl09
1
^
7
8% Feb
.
13
;
No par
(The)
9% Jan
* 15% Feb
25V8 Jan 16
....
Ruberold
.
7
Feb
60 y4
Oct
* 31% Feb
,
101
32% Mar
100
Jan < 2
102
73/a Mar 11
6% Jan 13
Company
No par
Roan Antelope Copper Mines
Royal Typewriter
'
A
52%
7
3.60%
Mfg Co
Richfield Oil Corp
Ritter
23 y4
.
1 *
50c *
10
i
100
Feb
39 .1 Apr
40
36%
87
25
15
'■*
10
Preferred
.
Rheem
;
i
•23
-
: Common
,
;
22%
15 ♦27%
■*■
23
22%
"
40
213/4
,
v,
9%
.
223/4
52%
223/4
22%
48
•103
103%
22%
15
.
40%
.
*47%
48
*47%
22 y2
;
.
23;,
♦22%:
40%
*
102 %
22%
30
13% ,13%
...
-
.
no
13%
213/4
93/a
28%
109%
29%
1093/4
<;.) $1
—
/
13%
48
*28
107
283/4
40%
./
*106
107
109%
109
40%
51 A* **•*51%
:
*213/4
*106
30%
*109
133/4
.,15 C
.
29%;
9%:
*
221/4
.*
.
1023/4
i5y8
*27%:
293/4
*27%
107
21
.20%
21%
13%
213%
21%
21%
,15
111%;
200
.
Feb
May
12%
108% Mar
8
1
Inc
Republic Aviation Corp
Republic Pictures
conv preferred
24,900 * Republic Steel Corp.No
*
6% conv prior pfd ser A_
3,700
Revere Coper & Brass
No
70
' 7 5%% preferred
4,400
—No
Reynolds Metals Co.
:
240,
7 5%% conv preferred
600
Reynolds Spring
6,800
Reynolds (R J) Tob class B
28% *
f,40
•
* *102%> 103
103
.
>
28 %
29%
29 y4
109%
*13%
•
20%.
•"
273/4
133/4
133/4
A
73/8
♦13%
*48
*13%
At 15
75/a
14 y4
14
Reo Motors,
3,900
7%
29
.107
107
xi09 *
;
'
.
2,400
IV*
7%
:•
'
*133/4
■
* 20%
21
*28%
293/4'
29 y8
**110
*1083/4. 110
*48
73/4
.
303/4
7%
7%
♦110%
111%
*106
* 106
108
•
293/4
29%
3
v
;
*106,;. 107
V
7%
<73/4
28%
•
30%
*14%
•133/4
273/4
111%
i
7%
..
73/4
'•133/4 >
<
•
273% V
<27%
;
7%
•
29%
29%
.
14%
-7%
'
•
7%
7%
7%
:
7%
29%
28%
"
■:<*S 14
v
28%
28
■
Apr
Dec
'
32
•
-: .28%
Jan
11
Jan:
25
warrants
100%
19
96 V* Mar
28 Va
;
Jan-2
117% Mar 13
Jan 16 * 29yaFeb 13
Mar 14
173/a Feb
8
76
Jan
2
84l/4Feb 18
32 Va Mar 20
40% Feb
8
1st pfd
with
Oct
21% Feb 10
44y8Jan 18
38' Jan
8
• 18% Feb
1
•
<12% Jan 13
—
104,,**
Dec
15 Va
38 y2 Feb
,,19% Jan 13
41
Mar 3-
*105
_50o
—
76%
3
; ; 34% Mar 12
143/4 Mar 18
100
—
...Reliable Stores Corp
—Nopar
1,100 Reliance Manufacturing Co—No par
;
Conv pfd 3%% series
100
4,400
Remington-Rand
1
33 y4
-
.
180
r
26"*'
16 v;>*
*25 Va
1st preferred
__50
2nd preferred—50
Preferred
* 1,300
-
;
109
*106%
•
non-cum
35% Jan-
-
Nov
7
4
2
105% Mar 12
41' Feb 10
25% Jan
2
3,
3
Jan 13
21
9
10% Feb
80% Feb
153/4 Jan
-
13
103
Jan34% Jan -
•
1
..Real Silk Hosiery
107%
34
333/4
M
♦99%
104
*99%
15%
81
,
33%
33%
33%
:
*79
81
*78 %
:
33%
;
•104%
** 13%
•
*25% *26
•f* -15%
15%
*79%
81%
26
15%
•
*78%
;
'
non-cum
4%
-
16
107%
*133/4 *133/4
*104%
-
—
im
-
'
■'*•* 15% *15%
81
;**; -*15
108
110
110
'
*•25%
26
75y«Janl6
No par
-—
"
*
Manhattan
Rayonier Ino
$2 preferred
Reading Company
200
.
7 8% Jan 13
Radio-Kelth-Orpheum
,1
Ralston Purina Co 3%% pfd—100
50 ;
7*7
7
20% '. 20%
:
.Radio Corp of Amer_
rJNopar
$3.50 cdnv 1st preferred_._No par
:
15,000
23
*343/4
-
14%
.
900
23%
•104%
15
33,800
;
42%
.*■
♦343/4
36
9
83/4.
;
357/a
35%.
23 y8
38;*:.;' *■■*37%;
20%
20%
*■.'**39%'■
■
"
.
'
*42 *r.
-
14%
14%
-•
*76/*v. >78
.*
'
14 Va
14%
22%
;
87/a
77
36 Va
*37%..
83/4
76%
♦103% ' 104%*- ♦103%
103%
:
v*
9 Va
75%' 763/4
.
22%
*
37%
J
14
*35%
,
22%.
•
20 % *20%,:
! v
13%
8%
V '
76%
*103%
36
37%
;S
9
76*8-
.
104%
■■■:?:
*•■' 22
213/4 *21%
*
77
Oct
Feb
34%
-
Jan
S
Monday
t per share
-
50
,
,
Mar. 19
< per share
f "per share
8%;
7%
26%
26%
263/4
223/4
23 y8
r-
113%
1137/a
393/4,
99%
19%
*7%
127/a
13
v
-
:
•■:
25%
.
32
*80
19
"26%
5%.
*36>/2
'.*17
■7,7
19%1 20%
205/a
49:
"
35%
353/4
13%
135/a
1,900
14
14
14%
14 ■,,•:*•
14%
14 %
14i/4
.800
Seiberllng
i
Servel
133/4
133/a
13 3/4
133/4
13 3/4
107%
13%
107 3/8
23
227/a
.
18%
36%
48
v
.
*48%
y4"
34%
49
49
-
35
V
2,200
Shamrock
Sharon
16
24% Mar
22
Nov
34% May
Jan
9
114% Mar
112
5
—5
1
Co
93/4
99
♦30
5%
47
■■■■;
r
Nov
18
Nov
100
Aug
42
Oct
61
July
100
-
35
50--A
A
35
99
*30
31
-
-
-
Sheraton
99
Simmons Co
100
/
48
153/a
151/a
68
68
v ;■
173/4
500
■
49
49
A
35
35
1,200
-
■
50
99
•30
•
31
200
AA
Steel
•
No par
—
600
;■! j
*97%
-
130 :
•
22 >/2
*21%
'•••
No par
—
Oil Corp
No par
Skelly Oil Co__
—15
Sloss-Sheffield Steel ft Iron
20
* $1.20 preferred
—No par
Smith (A O) Corp
10
Smith (A) ft Sons Carpet Co—20
.
3%%
Smith
«
cum
ft
preferred
Corona
Nov
13
17%
15"
42
Sep
Sep
3
98% Mar
24% Feb
Feb
23
27Feb *7
14
14%
>"
4
73%
43/8
4%
7%
7%".
v*53
54y2
*53
43/8
19
*19%
19%
49%
49%:
♦49%
50 J/a
32%
33 y4
253/4
-
•164%
166 !
-
4%
7%
*53..
.19
49%
....
•164%
27
V
'
.100
Typewrlter_No par
,
see
page
1607.
49%
166
*164%
32%
33
*
A.
166
(■•
1
700
2,200
26%
261/2
40%
41%
18,000
42 ;
42%
41%
69
69
69 *
777. 681/4
82
*76
82%
•76
*18%
18%
.
18%
/
Am
Gold
ft
Platinum
South Carolina E & G Co-
South Porto Rico Sugar
•:
:
8%
*
:
preferred
Southern
800
40%
42%
.
South
California
Edison
Southern
Natural Gas
Pacific- Co
69
-82
18%
41%
*69
42%
8,600
69%
1,000
•76
18
;
83
18
Southern
-
600
5%
non-cum
;
preferred
; Mobile ft Ohio stk tr ctfs
;
'-A
;
Railway
■
•
SDalding
(A G)
.,17% Feb
2
35 y4
Nov
49%
8
10%
Nov
13%
Nov
23% May
223/4 July
16% Feb
; 3
Jan
7
110
■
123/.
24%
Oct
105
Apr
Jan
113% May
Dec
Jan
'2
•17%
Oct
32%
Apr
Feb
18
23 y4
Oct
40%
Feb
333/4 Jan
6
23
Jan
19
77
Jan
39% May
91% May
25
36
82
-
,
Feb
'
'
213/4 Feb
18
Feb
•263/4
Apr
43%
17% Sep,*
Jun
10
22
30% Jan
'6
14
,5y»Mar21
34
Jan 16
46
Jan 30
9% Feb
17
5
—15
7
Jan
ft Bros Inc
17% July
Dec
Oct
33
.14%
56%
"Nov
61
51 '* Feb
21
38 3/4
Jan
16% Jan
.8
15
Oct
*20%
72% Jan *7
*85%
Feb
Jun
May
Jan
Jun
54
Jan
13/
14
Sep
27%
Feb
23% Jan
29
21
Sep
*24%
Apr
58
Feb
7
42
Oct
91,
Jan
39
Jan
23
20% Feb
*
35% Nov
.55% May
99
Dec
108 * July
35% Jan 7 6
29%
Sep
48
15% Jan ' 7
Oct
18 y4
13% Mar 14
13%
8
4%
Sep
8% May
9
Feb 21
IVa
Dec
9
Nov
52%
Dec
53
Nov
223/4 Jan ; 7
20%
Dec
22%
Sep
59%
4y4
7.50
51%
19
49
160
No par
101% Jan
Jan
Jan
Mar
Mar
Feb
24
18
17
15
5»/4 Feb
,
7
8% Jan
54
56
Jan 18
170% Jan *9
32
Jan 30
24% Jan
8
25
No par
:
34% Jan
393/4 Jan 16
40% Jan 16
47 y4
100
* 68y4 Mar 20
77
Jan 22
1
17% Mar 11
100
Feb
8
5%
3
7% Mar 18
'
1
No par
273/4
8.
63/4 Feb
41
.
Co——7.50
"
41%
Feb
Apr
11
.Jan
Feb
15y8Marl2
Mar 15
Jan
2
213/4Mar20
* 48
Jan 14
34% Mar 20
7
99
Feb
4
'
31
Mar 12
.100
:
Southern
*
Jan
39%
16 % Feb
Mar 17
65
16
5% preferred
;
:
—50
1,400 t. Southeastern Greyhound Lines
5
'
26%
41%
18%
49%
'49%
Socony Vacuum Oil Co Inc
•
2,700
19
.
33%
40%
18%
18%
19
26%
69
82
*53
19%
.323/4
41%
•76
7%
541/2
54%
27
40%
.
1,300
32%
417/a
69
7% A;
75/s
'
4 3, a
323/4
40%
40%,
41%
.
43,300
14%
14%
C' 4%
27
33
*263/4
166
-14%
*4%
>
7%
54%
19
*164%
14%
14%
'
4%
373/4
*77%
<
16 Va Feb
39
N,
14 t
Oct
>
6% Nov
•6
10% Feb
26
* 77% Mar
1
5
Sinclair
1,500 '
•
of
Simonds Saw ft
16,900
A"
Corp
"
—15
——
2,200
31 '
;
Oil
4,900
34%
31
A
49
Union
Jun
102 y4
18
1
Shell
HO3/*
Dec
,
5%
213/4
99
A
Co
Pen
38 y4
-'*17
34%
•-
-
-
A)
373/4
'■•■••
21%'
49 .-A
No par
—
(W
New
7,700
3,300
'
A
203/4 Mar 11
29 - Jan 16
*
24
Mar 11
79% Jan .16
' 183/4 Mar 11
* 5'/4
73/a
•46%
18
*16%
22 %
A
Dohme
pref ser A
(Frank G)
conv
Shattuck
400
:
1
Dec
20
18 Va Jan
55
Jan
95%
Mar 17
IOO
Ma/12
No par
—No par
No par
Gas
ft
Corp
America
Silver King Coalition Mines
/:
67
ft
$3.50
7:/ 700
18%
27%a:
7%: A
18%
15%
15 %
100
19% A
26%
A
48
*66%
.-■
17 »/2
so-
5%
38
--
*46%
67ya
*97%
31
38
•
v
•213/4
*
5%
••
153/a *15%
65%
7%
Sharpe
2,200
81
Oil
Steel
Dec
Mar
100% Jan
13y4 Mar 15
107 *
No-par
116
Sep
53 *
11% Feb
16% Jan 13
43Jan 16
*
23
Mar 8
7% Jan 13
' 34% Mar 11
11% Jan
2
13yaJan 16
1
common
1103/4
Dec
49 y8 Jan
95% Mar 13
Co—i—No par
ft
'
55% Jan
93/4 Mar 18
39% Mar 20
41 Va Mar 14
98V2 Jan 25
96y4 Jan
3
** 153/4 Mar 14
-
No par
preferred
Sheaffer
2734
-
•
253/4
A<
♦18%
18%
>
26%
33%:
•78
*18%
•
A-A- 7%
37%
17 y8
*
*35
•97%
166
footnotes
17 y4
-
A
.
*21% .22%
49
*34%
■"■;•
153/a
65
•17 %
197/»
For
Del—
of
Rubber
Inc
$4.50
2iya Jan
*
100
7
A
series
Co
Roebuck
2,600
:
23%
•
33
♦25
*
80
183/4
A*
-
5%
80
*♦18%
19 AA*
•77/a
26
A
33
25 AA
-
19%
23
23%
33
A
A
85
37%
47
*
5%
15 V*
15%
A
73/4
V-
38
65
15%
26 y4
26% A 27%
7%-
•46%
48
*46
A, A
•lB'/t
18%
5%
33 %
18%
27
36 %
37 V*
50
18%
19%*;
7%
23%
*80 A
82
26 A
7%7
*76
26 -/
*18%
*18
* 26
* a 22%,
23%
33
;
/
•
*A
33
♦80
18%
22%
25%
3,300
123/4
33
No par
Seeger Refrigerator Co
* 550
108
108
Sears
20,500
133/4
133/i
13%
107%; 107%
26 %
23%
-
26
26
•21%
33 y4
'
*
...
*
133/4
107%* 107%
;
Dec
Dec
■
22%
4»/4
41
13%
13%
.107%
♦14
r
May
11%
30 Va
5
(The)
Seagrave Corp
35%
54y2
*67%
Oil
14
>■"
/•■"
*19%
■.
8% **
A
preferred
13%-
137/a
40 y8
75%
Seaboard
1,300
35%
•-
;
300
,
14
■-
*162
♦8
8%
*8
8%
491/4
36%
303/4
49 V4
A
25 %
Co
Seaboard Air Line vtc
5,500
-
13%
99
7*8
*8
20%
25%
25%
25%
25 y4
25
20 A;
48%
.
36%
34%
4V4
*48%
50
*48%
:
24%
24%
7:
50
*53
49
A;
49%
20
19%
.
64
Sep
12 y8 Jan
No par
pfd-100
cum
pfd
cum
45
2
55 ya Jan
32 y4 Jan
100
:
Corp:
pfd
3.35%
~—
Highest
I per share
S per share
share
16
,100
5
1.75
Co
Scranton Elec
2,400
S per
15
73/4 Mar 20
48% Jan
*,
No par
Paper
Scovlll Mfg Co. 3.65%
■
95%
•94
95 y2
[
__5
$3.40 cum
130
490
16% *16%
16%
16%
*94
Scott
8%
22 y8
13%
3 6%
700
100
100
100
16,700
•
99%
*99
99%
*99%
r20
•* '17%
*•48%
* 34%.
*99
.
{
13%
37 v*
22%
99
J 00
95%
7%-7' " • - .7%
65
43
16%
.
2,000
40 y»
42%
99
175%
65
39%
43%
36%
48
,*46Vt
*15%- 15%
7
40
43
49
25/8
26%
7% '
>•
10
39%
43
•94
24
8% * 9%
9%
41%
IOO
32%
18%
_118
7
*
<
■
87
■
10
40%
<
40%
.
share
Lowest
24% Jan
10
preferred
Savage Arms Corp
Schenley Distillers
13%
26
*18%
;■ 9%
40
$ per
No par
5%
s
35%
22%,
,
31%
160
*73/4
*107'
107% *
22%
113%
♦113
■*/ 13%
7,
13%* 13%
;
1131%
Yearl 946
V
100r
Lead
Safeway Stores
'*• 8%
' ■: 35%
'14
133/4
*107
112%
43
<7
St Joseph
35
*7*8
'
.
114
V
*7 13
35%
,
•112%
;
:
Range for Previous
-Range Since Jaiiua
Highest
^"Lowest
St L-San F Ry Co com vtc
Pfd series A 5%
7,300
20%
:
*
24
83%
,
35
/19%
I
*
22%
95 %
~
7*47
23%
23%
,.
7
223/4
16%
16
48
22%
100
*94
20
'
*46 y4
*
»
16-
22%
99%
100
95'%
15%*93%
42
/
.
*99
993/4
99%
223/4
II21/4
79%*. 9%
40 *1
42
*./.
43
,
*99
22 3/4
223/a
■■■•
IPar
3,500
27 y4
8'/a
'*-":*7* *-*:*;*
STOCK
EXCHANGE
,
10,000
: 2,800
27
.
Xll2%
9%
9%
**;
8% *
7%
9
26% *27%
22%
23%
40
40
•
*41 y4■*
V
10
9%
,
52
*
8
275/a
8
8yS
27%
27
114
113%
5lVa
51%
~
NEW YORK
Shares
;
27%
77%
/
27
* 23 *
51%
the Week
f per share
< per share
52
.51%
51%
50%
503/4
*
77/a
7%
''■
SalSgfof
Mar. 21
/•Mar. 30
t per share
:
Friday
Thursday
Wednesday
Mar. 18
50
50
:
Tuesday
Mar 17
gatarday
Mar. 15 ..V
'■
STOCKS
LOW AND HIGH SALE! PRICES
28ya F*b
Feb
#
Dec
30
Sep
4
22%
Jan
38 y4
2
Feb
8
21
20% Feb ( 4
77% Jan
48%
167
7
8
50% Jan
77
1
.
193
May
Jun
Dec
Feb
May
39% July
33% May
Oct
70
Jun
Sep
64% Oct
73
Oct
65
Jun
96
Feb
16%
30%
Apr
33
Nov
90%
Jun
;• i
,*♦:«
x
'XiV V'
r\.
,>' i .■*
;
„
.
,
,
u
•>..
FINANCIAL, CHRONICLE
THE COMMERCIAL &
1606
i i
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r
■
1
<:
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r-»tit
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Monday, March 24;. 1947
v
rfr.j
!•«
J. I'. v ><
#>,
YORK>STOCK* RECORD
NEW
,v
'
LOW AND, HIGH SALE PRICES
Mar. IS
'
*
'
12Va
*69
I
97
■1'
6.'
.5%
•liy®,
'6%
*11
Mar; IS
I per shared
$ per share
*
*5%
i
Mar 17"
,<■
11%
*89®^
97
52/
20%
Wednesday
Tuesday
21
v
:
'
11%
97
6
<"
11%
>
6%
n%;'
-
11%
*89% ,:97
•
5%
'
ii%'..
'
-■
.•.-
53
201/4
20 V®
/
51%
53
13%
8 4 3/4
84%
84%
15Vi
155/s
1.5%
15%:
-
>
53
v
21%
,:i4y8
13%.
84 5%
W -;84
38%
>
39
*111 :
112
3^%^ 333/4
,
*96
99,,.:,
29%
104 ' X
,1110
'
99.
noy®
112
*102
;
*.
f
52%,
523/a
52%
53%
523/j
39%
397/8
39%
393/4
39%
633/a
63
26 Va
26 %
26%
'
40-
eay®
my®
104%
14%
<
14%
63 Va
633/,
-
263/.,
263%
1041/4
*104
1041/4
14%
14%
>
64%
*104
104%
'
i ; 65 Va
104%
'
*45
47
41
'
,41%
102%"
*101%
165/a
16%
'
16%
42.
42
42% :/
20%
102 3/4 i;
:
*102
17%
20%
,
;.
42-
431/8
431/8
Standard
7,100
Standard
Oil of. New Jersey——25Oil of Ohio——
10
15%
,47
1023/4 >
-
400
'
>
43%
Sterchi- Bros
' 102%
v
17%
17%
20%
M
:
(
211%
*203/4
.21
211/4" 211A.
2iy4
211/v'!
>211/4
?;%
14%
14%
145/a
143/4
14 y2
14%
147/a
14%
14%
1434
20%
;
>
21
21
213%
21%
21%
213/8-/21%
13% "13%
21%
21%
-
133/8
;■/ ,.-•
>
-V
*120
121%
■
9%
10
•
v8:
\
*19 y4
20%
20'/a
34
33,3/4
!
1,900
Stewart-Warner
3,600
Stokley-Van -.Camp;. Inc—
£5% prior- preferred
120
Corp
>.. 9% ::
40%
>
;44
39
Jan
102
>
13
25%
25%
104
8%
104
104
.
8%
8%
-
A
74%
>'
Feb 13
Clasg A pfd
,
(4%%
100,
cumj
118.
.
11%
;
■
'
20%
11%
11%
20%
21%
20 3/4
110
111%
*108
,20%
*41 %
42%
19 V®
*41%
15%
15%
*14%.
343/a
35 •/•>
34%
34 Va
343/a
24%
26,
24 %
104
8%
8%
243/a"
243/8
-
24
26
26
Feb
153/8 Feb
107% Jan
7s % Feb
♦102
8%
500
y/
r
:,-•
8S4
>>:$%:
Sweets
-_No par
193/4 Jan
16
25
101% Jan
13
:
.
r
,.
A
3...
.
..Al8i/a Oct
'
63
>
17
Feb
24V^Feb
47
Mar
16.
Jan
•
23
•
May
^78'/a Jun
124% Aug
>>. 14
>
:/
Dec
Sep
55'/® Apr
21
Aug
.v
,
41 y8
253/4 Nov
36
-19 »A Nov
-
"41
101A
'
/ May <"'•:'
23
Sep
31
,
'•
Jan
13%
•w
24Apr
353A May
160
t :>
"
38-.
6
May
Z"AS 66% Aug
Oct
19%, Nov
,7
:
110
•17%-Oct
5
,
Apr
38% July
24'A May
;
JA-Sep
102 V* Oct
10
Feb
233/4
A
.
Sep 4"
10%
37% Jan 28
27,% Jan
?
28%-Feb 13 ;
"10'4'A Mar 11 1
;
>
NOV-.
*42
-
I
/:
i
7% Opt
•
>109% Aug
.
12%
13'
A
May
263/b May
39% May
103%
17.%%
Jun.'* -A
26 3A Aug
.14% Oct
.
>
3«
" !
Jan
;
r.
Jun
t-
53%
t
Dec
21
y
.
'
-30
56
Jan
20'A
>
6
233A Feb
335/® Mar 14
Co—-—^——35;
Sep
Jan
25 A Feb
-.
16y».Oct'
.v
2
114
2'
International Ltd^^_
•
233/4 Jan 27
Sylvania Elec Frod's Inc-^__No pajj >
22% Jan 16'
$4 preferred—i
-__JVo par > 102% Jan
22,100 ,;t Symington Gould Corp
7.i/a Jan 16
__i
'
"
,
14V2 Jan
-
Nov
41'/a
45 y8 Jan
40% Mar 15
^_io
Amer (The)_^__4.16%
i> 108'/a
; Oct
37
>
135/® Mar
191/8 Mar 11
,_50.
,;a
>
•
Swift
6,500
1,800
■
,
26 y4
Z 8%
Corp—,.—
Paper,. Co_
of
Co
Swift &
3,500
104
*102
Sutherland
500
24%
24%,
,..,•26.1/4
.
Superior -Steel
600
34%
34%
.
21
Superior Oil of Calif—
1,200
/
V *14%
104
8%
>
10'A Mar
-
$0
11 Va Jan
;
61'A Sep122. A Feb 15- >117 f "Apr-
-
7% Jan U
393/4 Mar
*
20%
-
Superheater Co (The)
1
'43% >43%
16 Hi
.
26
104
8%;
/;
♦201%
;•/.
2434.
x26
'
-
21%
19%.
■4214
*102
261/2
•
*
*103
,
*20%
35
,
4,100
Sunshine' Biscuits Inc_-i__—-12.50
Sunshine Mining Co
10c
1,700
:
11014 m
16
.'
15%
11%
Sunray- QU ■ Corp..
'2,800
"g
11%
.
1/'.
24,100
•:
9%
40
110
•20%
20%,
42 J
v
9%,.
40
40%,
11%' :>
11
3
17
.
10
Jan
r
Dec
37%
4
>25% Feb; 11
18
3
Nov
A
Apr
593/a Aug
/ ; 49% May
78 3/4 May A
30
July
203/® Mar
3> '•:
2l3A Jan
.
16
Feb
Feb >
Feb: 1
r
615/a
.
7
24'A Jan
*
20.
42 y®
37
102% Oct-;
MarZ5,
13 y8 Oct
19%Febv 7 ' :>
13
79% Jan
107
No par
.,.
104%
13% Mar 20
1
A preferred
Sun Oil Co—u-u—x.—No par
60% May
Apr
135 '/a
,'•>149%
:jan;/2
28
183/4 Jan
Feb
.49
14% Mar 18
>
1
Corp
series
$4,50
40
500
'
No par
(The)
•
99 'A Dec
j
Oct
;
.
,
.Jan.,2
*
T20> ,^20
May A;
Oct
7 "A
18
Mar 14
16% Jan
55
t
Dec*
29/ >100%
43'/a Mar
.,;
13-
20% Jan
Jan
49
Mar 14
41
1
10
>
>
AA116 >Mar
A-. -55
■ May>>
/ 78.
17%-Feb Tl V
2
15% Jan
.y
•
Jan
f.-70 y
18
703A Jan./ 9r.
Jan- 28!
13
Jan
,-X
-20%>©ct
1
Dec
>109%. Apr >
245/® Apr A
Oct
/ 9%%j
3
>
'
40%
•;i
,
343A /Nov
-
29
.105
5
i.
Webster
Chemical
Sun
2,400
;
121%
*120
9%
39%,
■■
20%;.,
41%
9%
9%
•40%
*
110%
*14%
T
34% /
24 y4
26%
241%
24
25%
*103
:
■:•
108
A
Studebaker. Corp
19,400
141/8
13%
Stone
4,100
15%
■s.*74%
♦120,
500
:
21% /:
*107
74%
74%
•* 121%,
*
C
14%
-
'
211/4
21
108
>
'
24
•V
-
20%
.
16,
•*141/2
34,,.
*107
74i/a.
120
9%;
20%
*108
41%
-
16
>.
-
13%
>
107
74
■
4oy8r.
11%,,;
11%
108 Ya
19%
>
403/8
93/8
:■ "40%
-
11%
41
193/4
4
40%
•
203/4
,
*14'/a
*
120;
'
•
-v
Feb
"■
10.
108i/?
"2iy4
107
120b
40 3/8
111/4
110
.;;,:•
74
J.
40%"
11%
20 3/4
•loay®
'
135/a"
108
74-
'
121%
9%:
-
4oy® •40%
ii
13%
*107
74-
/
V
•;u2o
13%
13%
<*73%
74
r
-•
*107 V'.. 108
108
*73
V.
%
14
*13%
*107
1 *21
•'
>••21%;
2iy4
Feb
42
■
100
\ 3 '/2 % preferred rt
.
58
C
6
Sterling Drug Inc common——.—5 '/
2,300
171/4
20%
I
Z
Feb , 19
125
-.3
—1 No par
Inc__fL_
Stores
Feb
.107 ya
-
56
/
May
July i A
*
233/4 Jan
■
50
conv
20%
17%
20%
v
1143/4 Feb
'
'
r7
•
20%
36% Jan
; Mar 17
63
-
6
A
■
Sep
33%
27
^■ifA39%/Apr>^
84% Sep
>
15 y®
11
13%- Jan
■
,•• >104 A
"
Dec
.;
Feb
*
Nov
v
101% Jan 13
%
A—j—lOO
i
1.. •A 12% Jan
preferred
Starrett C6 (The) L S
400.
»
161/4
43
4%
r
.
-42%
1
14
.
18%
5
37 %f Jan
>. 112Va
Id
39 % Mar
^
4
;
185/a Feb
j per share
-
'
Sep
Sep
r, 14%
,
Highest ":y
;
Nov
37
>;
7
45 % Jan
101%'Jan
>33/*% preferred series
Standard Steel Spring
\5,000
*102
v
173/8
18,300
>
•
104%
16%
■
*102
Oil
300
*41
18%
of Indiana—-—i.25
Standard
104%
•
90 y* Feb
"/ 3
5%- Oct
-
:
Year 1046
92
23%. Feb" 25.
\
•
11%
T
93% Jan 13,
15
; •'J 14% Mar 14
37% Mar 20
'
27 i/a
*46
♦161/4
1023/4
:
17%
17%
X20 %
-
'
15%
47
9,600
67%
A
Range fot> Previous--
> per share
>
55% Jan
.
15,000
*
15%
-104%
42
16%
*102
17
20%
20%
' '41
16s/8
42
102 3/8
*1013/8
163/4
20'/a
,;47
41-
•
42%
I
',
41.
653/4
■
1,700
"
*
26%
:".
26%
15%
^
41%
,41
...
47
*41
■
66
-
*46
*1€%
■
16%
is1/#
-
*46
43
*41%
163/8
-
47
*45
41 V\
4H/4
*16.
V
♦46
•
*104
-
15%
I51/4
153/e
65
401/4
14% Jan
-17 % Feb
>
'
•
.>.//'
551/8
t
54 %>
& Sons
(-E R)
•
7%'Feb..-•«;.
;
28%Jarii6
Standard G & E/Co-Si pref.-No part '■.
Jan 13
$6 prior preferred--—I—No par - V 98>
$7 prior, prexerred—
1
No par A- 106: Jan 13
Standard" Oil ot Calif—J—No par A V 50 3/4 Mar 11
*
113
40%
■^265/8
3,200
18,100
103
113
' Jan
82
/«;',
Lowest
9 per share :
14
Jan
•
common-—i
IO0V2 Jan
$4 preferred —
^--L-No par '
.33% Mar
Standard Brands, inc.-No par ■>
Jan
•$3.5Q,. 9um.'; preferredi».>TiLNo pa?/' v
V 120
t
Co——.—i-—.*—-—_5
D
Squibb
31,
*103
54 y2
•
,.1,000
•
preferred-;-a_~No par k
/Cony> > $4.50
Square
99%
30%
112%
v40ys
-
263/4-
26%
1
..14%
54,
40%
•97
147
Spencer Kellogg; & Soas——No par ■
19% Jan
3
Sperry Corp (The>- u—
.,1 y
—i—,—' A13% Mar 20
230
>
353/a,
■
Spiegel Inc
^10,100
112
35
/■;<•/
>
i
>.r>y-
Highest1
9 per share
•
;-,-4,400
373/4
-
*110%
•
•
4,600
;
A
Pat
.>*, 'y
>>
2,000
;
17
*37
30% C:X<i
104
A
111%
■
54%
64 Va
V
30%
•
L3
16%
35y8
y *102
105
40 y4'
:
>97y®, " 99
:
53% ;
•
26%
*
-
110% 111%'
;
53%
f
r
99
A, 30% >31%.-h
<•
*813/4
;
.
112
34%
13%
'/
37%.
:
<■
53%
yr>;/v>..v:'
>
5% Jan, 13 ■'
Sparks Wlthington •——No par '
Spear & Go___———
——1 -f i;. 11 Va Mar 17 '■
935A"Jan 13
$5.50 pteferred
-No par ■<-
900
21%
13%
-
16%
.
112
,35ya
.,^*97
106ji/a
*104-
110%
37%
112
343/4
-
30%
-
37%
,
mi/
34% ■'
i
30
104
*100 /
110
112
*9.7.
30%
•v..i 375/8
38
*
1113/4
34%
111%
S *95%
1091/4
38
•
34%
•111 '•>
333/4
99
'♦102
38
>
>30
29.y4
1
38
-
0
16%
'•;-•
53
Lowest
-
-
21
.
y
84
16%
16%
V.
161/8-
ri,
13%; -/
83
■
-.15%
'
21
.13%
>
Range Since January 1
'
i
A:/
EXCHANGE:
k>■■./
4,800
97'»:
*89%
53y2 ,'•■ "•••
20%
53%
53
20 3/4
-
-
84%
137/s
845/»
.1»%
21
13%
<
'
,533/4
20%
13%
'jy.
6
11% >11%
'
52%
4
'
•
•
97
*89%
Shares
I per share
6>;.>
53/4.
A'-'
the Week
.
STOCK
NEW YORK
Sales for
-
Mar. 21
-
'
$ per share
•
*
Friday
1
M?r.20v
f.
I per share
6
*89%
'
Mar. 19
*
per share
5'%
11'%
•
;
Thursday
••■•••
STOCKS
'
Monday
Saturday
i-
Nov
v
Feb
y® Jan
Feb
"
109% Aug
16% Jan
10% Feb
7.
'.V ■' 7 3/®
Nov
'14 A Feb
17
11%
Jan
19% May
76/a Jan
9
6'A
Dec
173/a Feb >7
143/4
Sep
.'I3\.v Jan
255/a Jun
68% Aug
-
'^oV'
T
*12
>'
6
12%
12%
>:*5%
63A
'53/4
15 %
15%
*15%
15%
12
12
12%
•
*53/8
•
5%
5%
•
r
15
15%
*15
151/4
56
56 «/4
56%
12%
123/8
'123/a
497a
49%
50
27 y8
271%
27%
28 y2
>*17%
17%
47%
;■/ 17»/4
17%
V
47%
17V4
57%
*15
57%
153/4
f.
20%
rr 49'A
29 y®
17%;
17 y®
56
56%
•li8y8
17%
547V4
113/4
54%
*53%
*11%
12
19 y4
19%
"12%
54%
11%
12
-
.-
-
■
'
•'
12%
533/4
12%
*143/4
19,v4
19%
19'A
*14%
15%
15%
~
:•
*103
104%
'53/4 ' >V 5 3/4
-
60-•»'
123/4
:
50
293/a
29.1/4
29%
18
18
18%
-
56
125/8
-
:••>
50
•'•-
12%
12%
b
15%
"A: 49%
*53/4.
'
*102%
•6
104
34
-34.
♦3*.
18%
18 3/8
18%
*54
♦1041/4
1051/4
104 y4
104 y«
104%
18
45%
18'
12% ' 12%.'
v
31 y®
18%
18'%
18%
46
46%
12%
13
20%
17 y4
>*16%
638
6%
12%;
•;
6Va v
*109%
;
32
31%
Texas
800
Texas
Pacific Land Trust 1
& Pacific Ry Co—
1
Thatcher
$2.40
The
13"
*45%,
45%
46
•14
14%
:
100
/
r
19%
v
>
2,300
-
i
/
2,600
/
103%
1
I.
-.—j
j
5%
V $2%
700
.
<
Mar. 15
13
:
46
:
13
18%
52%
523/,
13%
951/4
32%
*13
32%
>
108
sr
♦102%
14
$3.75
47%
48%
u%
t>-
•*:
•;.:>
Tuesday
3,900
47'.
13
15.
137/8'Feb
13
60'AFeb
15
.14% Feb
.5
.
y
11% Mar 14 "•
A
53% Mar 18
10 '••
6%. '
'Z' 4,100
18%
>.;>
33%
>•;
41
41
103%/.
48%,
-*47
13%
Truax-Traer
20th
t
400
,•:''•. 48%
100
!
>•
500
;
190
.
>
15 y8
147/8
•>
.
>
>
Mar. IS
.
52%
»
*13
Cen
$1.50
Twin
96%
97%,
*52%" 53
,
•
*102
11
99
Va
20%
17%
175/8
107%
22K
1073/4
231%
110
110 •%':
■
124
110 y8
17%
*108 y
30%
99%
991/4
98%,
>
23
111
110
.
23%
v
>
18
111:,.:
*108 %
;
*112
i>;
111
124%
233/4
113 y2
"
123
110%
;
31
114
20% Jan
Jun
15% Jan
-4
A 15% Jan
16;
22% Jan
J5
19% Feb
>
6'/8Marl5
Oct
.
Apr
Feb
26% Jun
38%. QCt •/> j 66% Jan
•13% Oct /: v^ '21% May
183/4 Dec .>>'•,71 , Jan
14> A Dec
5%"
7
20
21% Feb
Nov .,>,/112 -
16%
3l
73/4 Feb
Jan
24%
-
99%
;
3-
112% Feb
13% Jan
.68
17% Nov
24
21% Feb
2A A 51 % Feb 13
21'% May
5y®.oct
32 A Oct ;
6'
108»/aFeb
2 >
Mar 11
5 ;.ju 17% Jan
Corp^—No
IO8V4 Jan
17% Jan
3
•
>
20
13
<
33%
Feb
12%
:.
•>
Oct.
Jan
39
105
Mar
/Sep >;•,/ '114
10' /. Sep .' :'>
223/a May
37 y®: Oct >;
63% May
30% Jan 13
-
>
383/4 Jan
6
:
48
Jan
6
xl02y4 Feb 27 U 103% Mar 7 h
12% Jan 16
16
Feb 11
par
Jan
^45'
Co.—
Jan
16
.
2
51% Feb
•
xz% Jan 15-
15% Mar
46y® Nov
.
102%
18
43%- Dec
11 y#
5
.
:
•
79
.
May
Dec U C 106% Jan
Oct ; >/V?4 ••/;• Apr
'11%
STACKS
•J
713/4 Apr
'
Nov
26% Jan
Range for Previous
STOCK
>
;V
114
100
21
18%
35
123
110
5,100
>
Union
1,400
"
124
110
17%
*103
'-A;
*35%
Union
'/'i
200
18
24
;'v
110
18
*38%
>>39%:
200
•
800
of
" 25% Jan
-series--
xll2% Jan
California
Pacific
RR
"5%
conv
Air
A
4%%
preferred
Lines
>
cum
—vi-
.—100
1.0
—
preferred
share
per
80% May
'
25
12
: nov
34% Feb
17
23
;Jan
39
May
5
88
;
Sep
125
Apr
100 3/» Mar
233/a
29
114
111
Jun
13
105
Feb
13
106 *
Feb
Ill
14
101% Jan
16
96
Dec
107%
20% Mar 15
35
-Feb > 4
22% Jan
Feb
10
:.Feb
26
38 3/4, Feb
3
10
Mar 20
; 17% Jan 13
>103% Jan 15
21
Jarr ifi
20 3/4
7
137
111
Mar 12
105 «; Jan
20
;=
—^^100
;
$
Feb
121
.
7
Highest
peb share
./Z.Sep C
49
99y« Feb
105
,
.—100
Inc
58% Feb
'
.——25
Co_—^
S
153/4 Jan
15
.No par-
Year 1946
Lowest
# p^rShare
16
>801/4 Jan
>
non-cum
United
17,800
•
$3.50
preferred—,
100
Union Tank Car—. .No
par
United Aircraft Corp
—_ ——5
6,100
*107% 110
A. " 24%
25%
♦115
120
24%
Oil
>4%
700
18%
/;
113% 114
.
A,
35%
•Preferred
share
12% Mar 14
Un El Co of Mo pfd $4.50 ser No
par
Preferred $3.70 series—Z—
.No
270
•
Range Slncfc January 1
Highest
Lowest
52 % Mar .18
par
99% V
21%
"
ft':per
.No par
Qo—
5
Union Bag & Paper
_j_.■No
par
Union Carbide & Carb—
.No par
•10,300
108
993/4
110 ya
35
245'a
115
Ay
12% Mar 14
4_2
No par
—^__^_Nopar
Underwood Corp
Union Asbestos Ruber
6,300
•>
100 3'8
*102
123%
*109%
108%
>
18
" 433A Jan
Par
"1,000
•
36%
108%
>
24%
114
•'//
*102
108 ;A
99%
993/4 %
21
21
A,
21
18 %•,
110
23
•
j/;
114
993/4
*109%
/ 35%
18 Va
-
'
108
124
lUX '/8
Jun
1123/4
102 A. Oct
^ 102'AJan
EXCHANGE
11,300
•
-
98%
114
k
2Q3/4
36%
is y4
•
13%
13%
305/8
>: *99
20%
*36
13%
13%
30
*102 /
•
124%
%
>
-
99%
?n%
123%
36
108
52% •"
13%;
.97%
Nov
693/a
14
38%
5
Shares
52%
31 %
•114
118 %
11
30
—i——No par
Film
NEW YORK
the Week
9 per share
30%
'
.114%
995/,
36
Corp
Fox
preferred
Coach
Sales for
/
Maft ftl
13
30 Va
*114
123%
36%
Friday
3,:/
'$pw$Mr4> :
53%
*52%
13%
30%
96%
»109y4
„
*35%
f:
Thursday
Mar. 20
I per share
52%
/ Dec
»A Oct
Oct
A16
163/4'Feb
& 59% Jan
Feb
:
U
:
Mar. 19
/i
Feb
Jun
A> 21%
No par
$4.50 prior pfd —4—-—No
par
Twin City Rapid Transit
No par5% conv prior'pfd —4
-.50
1,700
>
17%
4
13
Sep
20%
4
•
21
-
.
30% May
-
300
14,200
>:
18
61% July
:
V 70 V
Mar 15
Feb
May
;
Sep
15% Feb
Trl-Continental Corp
.,—.-—,1,$6 preferred
—No par
110
>■
65
..Oct
163/4 Jan
47
Jun
26% May
;9 %. Oct
>48
A
>
—No par
.,
Sep
Sep
2
■
Jun
323/a
•
Sep
.
/ 10% Jan
18% Jan
Axle>
Transoont'l & West Air lac.
Transue & Williams
100
h* O CD
Detroit
.-"«•. j>,
Wednesday
I per share
123/4
99%
20%
,
123
112
13%
13
17% Feb
10
preferred
Bearing
fTransamerica Corp—
5,400
—
171/4
♦13
14% .14%
Oil
Timken Roller
•102 7/a
14 v>
X46%
Associated
Timken
_
103'%
♦13
Water
170
32%
.
>14%
30%.
;
96%
99s/8
•1221/a
18
59% Feb
Mar-1.1
*
'
*113%. 114%
*102
108'
20%
♦109%
21% Feb
Mar 21 >
14
18 / Jujy
60 3A
Oct
Oct
Sep
15
A
■
35
583/4 Feb 18
Tide
3,700
109%
41
14 Va
;-
-
12%
96
20%
Jan 13-
21
>
4,300
6%
46%
-
30
113%
*99%
20% Feb
2\ .14%
>4%
preferred A--L—J
100
103
Jan
8
106 ! Mar 10
Thompson-Starret-t Co^„4—Noipar /?>' 5% MarT4 ; A 7'A Feb.t 3
$3.50 cum preferred __4—No par A 34 ' Jan 14 /■ 39'/a Feu
1
•■
200
7,000
463/4
>*18
32%
♦39
y2
103%
*
6%
"
*102
46'A Sep
29% Mar 19
'
}..
103%
♦16%
..'109% 109%
18%,
18:'A
v.
40
*102%
-
6%
i
1,000
18%.
13% \ 13',4
19%
20%
V,-
•
14 y8
./
I per share
>30%
1133/4
50
V52
Feb
0i/a Mar
53s/® Feb 27
60% Feb
>
55
t
_s.l
preferred-/
>
14% Jan
5
—No par
common....
conv
181/4 ■-18%
2oy8.
*45%
14
Mar 17
;
30
41
18
rl4'/®Feb. l7
v
16,
,
Corp-No par
Thomas Steel Co (The)——_A_1
Thompsoh (J R) A
J
25
Thompson Products com
No par
:
15% Jan
—i-_^—•—No par I
Co
13:
••■
-100-
Co_„
pfd
46 3/4
13%,
16'/8
' />
33%
103%
^
47 y»
',19%;
.16%
110
32%
*102%: 103%
v
Monday
t per share
*13
1
> 21% Jan
Avenue-Transit
LOW AND HIGH SALE PRICES
Saturday
52%
55% Mar.14
49 % Mar 19;
Oil-—.10.
Glass. Mfg
conv
dlv
Third
•
18%
103%.
13
20%
40%
>
41
'
6%
U 18%
32%
*39%
13
>14
>
&
.
Mar 14
10% Jan 13 y
Sulphur--—.i.No par
Fair
Thermoid
2,000
4,500
:
15%
-
>♦33%
,18%
46%
-
17
*108
,
18%
3134
41%
*1027/ai 103%
13 y8
110
*18
,
-6s/8
•
18 y8
47%
13 Va
19%
•
103%
>
18%
.
13
20'A
'*i6y4
*39
103"
/
1041/4
173/4
,
315/8
13
>104
45%
•1091/* 110 '
18%
18l/4
41%
103*
Pacific Coal
5%.
34
18%
20 V4
.
6%
183/4
*38%
•
>
Texas
;
2,900 v
>;:->>/220 t.
i
13%
49
*102
5%
34
12%
110
*18
•>
15
Producing ——_„l:
Gulf
13
V5% Mar l4'
1
;
25
i
;
491/8
♦15
>,
104
5%
18%
20
61/4
•6
35%
i8 3a
;
46
*16
17%
1091/4
18%;
,
/ 45 %
.
49%" 19%"
6ya
*102%
•
(The).
Texas
as
,
19%
>
50'/a
18%
104%
/ ■'.
19%
153A
49%-
;
._5
Texas
153/4
13'A
♦343/a
18%
♦16
104
5%
V
34%.
18%
18
19%
*14%
'
Texas Co
-_-5
"
13
"
15%.
50
*102%
-
5%
5%
18%
453/4,
19%.;
15%
48'A
;
17%
■—!
Gulf
>11% Jan
9
Telautograph Corp
Tennessee Corp
("
'13,900
55 // / '•
-
;
(James) •>
<
31
3,600
12% >12% er¬ ■,
v
55
12%
17
*15
Inc
5,700
...
.
>
■
501/4
'
55
y
153/4
*53'/,
15%
59
17%;;
17%
*55
54% "
Talcott
.
:
34
*33%
'•
47%
47%
»io3 / 104%
47%
>
12%
Z *i5.y8
? 13
19%
19%
15%
48 y4
'
47
:
49%
*
-
300
125/a
595/a
•
*47% \49%
i73/i y
12%
:>:
>
61/4
18
.
15%
54 %'
■
151/4
vi
28%
55% •>
12%
53,3/4
12 3/8
/
-
*5%
"
50
49%
48 % >
*15
534
800
12%
1,600
14,900
12%
%
55
15%
12%
15%
58%
.
:./>
175/8
•h
56%
*15
-12 y8
11%
48%
17%
56-
.
.
i53/4 :i
12%
50,
■
48--
17%
'
/
,
<
12%
15%
18%
.
153/4
;
29%
..17%
,
123/8
60 /:/
12%
49%
/
46 y2/
11%
58%
-123%
493/a
275/a
*15
'
587/a
12%
12%
'
*53%
,
573/4
«
12%
50
!
46%
17%
*56 ya
,
•I
15
*12%
Feb
8
110
IO71/4 Mar 10.
Va Jan
115
Nov
101
..
29
»Oct
Jan.
Oct
Jun
May
168%
102% Oct
."'32 •'' Sep
16% Nov
108% Mar 19
25
115%
Apr
Feb
120% Mar
•
Jan
373/8
Dec
42 y4
Jan
119
,.Jan
19% Nov !
54%,Van
33%
6
Feb
57% May
Mar 19
'
37
38
71%
71%
*283/4
29%
6%
6%
*72%
73%
39
38.3/4
>
39 V®
71%
*28 3/4
'v
71%
29 %
*28 3/4
6%
6,'/a
73%
6%
*72 'A
31/4
33%
33/0
51%
51%
9%
51%
*81%
88
881/2
*721/4
3'A
52.
'
33/8
52
/
9»/a
*8%
*86
8%
89
88
*13%
13%
13%
13%
*13%
*35%
37
37
37-
•
49
49%
49%
50%
22%
v.
22%
223/a
36
22%
151/4
*107
15%
109 %'
*i6y®
15 V*
9®/b
9%
171/4
17%
*io5y8
107
*15%
x48%
22%
109'A
16%
16%
>
9%
9%
99
*97%
195
98%
*192
30%
*91
92%
91
'
47
45%
For
footnotes
see
page
1607
63/a
3%
! ' 3%
:
6%
/•:>''
3%
%
74
72%
••
3%
37
88
V,
36
-
9%
36
>
-
49%
48'/,
49'/®
22%
23
48'A
49%
22%
23
22%
23% A
A
15%
*107%
16%
A 9%
18,%
18'A
'
99%
195
105
*16%
15%
13%
109'A17
y
934
16%
•...': 9%
18%
17%
105%
*103%
16%
16
100
101
195
15%;.
107%,
16%
9%
18%
*89
30%
91
*89
'
48%
49
-
48%
15% V
IO91/4
16%
:
16%
9%
-
18 y4
?]
[j)bf
•
30%
_
30%
*89.^91
4ft"
1,600
■
50
U
1,600
U
b
3,700
t>rue
Inc_
U
;
U
S
Gypsum
Hoffman
4% %
S
No par
Co
preferred
Mach
Oct
17%
Dec
.89",
Sep
3% Oct
7ya
Jan
Jan
3.1
53
44
Mar 21
Jan
2
16
Feb
13
43% Jan
51:
83/a
10
95
-
Jan
13
14
223/a Mar 17
13'/a Jan
107'
12 '
>
78
10
4y® Jan
Feb
Jan
Jan
/
71% Mar.
Nov
213/a
Feb
2
341/4
Dec
56
Jan
2
41%
Oct
533/8 Aug
187/®
17
12 y4
Oct
30
104%
Oct
16
19 y4 Feb
31
9%
Sep
/
Oct
191/4 Feb
16
-s
6
11% Feb
8
2iy2 Feb
13
106
Jan
16% Aug
105% Aug
12 y4
108% Jan
103.% Mar 21
15
,241/4 Jan
Dec
Apr
: 56% July
Oct
19
16
9% Mar 17
16Va Jan
Jan
91% Apr
; May
40
28
9%
-
15 ya
Oct
30% Apr
22
..
Aug
110
Jan
15% July
187/a May
Oct
32 y2 May
101-
Nov
1093/4 July
Corp
2
18 V* Feb
3
13
Nov
29
y2 Feb
16
107% Feb
11
^3
Sep
132
IIIlOQ
—
-
preferred
Industrial
_2 g0
No par
63/a
35Va Mar 21
"5
__No par
8
.10% Feb
13
ZZZZZZ_lo
rreignt Co
S
7%
800
Poyoli
USA Foreign Secur
$4.50 preferred
400
/:
20
1A%
TTnH»<*
Oct
83
86% Mar 1?:
5
Co—^——_No~par
United Paperboard
Sep
23%
44% Jan
Z-ZZloO
"
7,700
?:r
Gas
16
62
8
8% Feb
:
2
8'/a Jan
j
2
Feb
32
3% Mar 15
491/4 Jan
Jan
>.77% Feb 10
-73% Mar 14
;
Improvement-Co
13%
United Merch & Mfrs Inc com__
l
5% preferred
100
10
15.400
16'/a
103%, 102%,
V*192f;>196
United
8,200
-
>
18%
103%
*16
1
4?e':
4,300
9%
103 %
16%
*192
31
15%,
*108
104
♦101
*192
30%
47%.
107%
IIZIZIZ5
United Electric Coal Cos__
United Engineering &
Fdy
United Fruit
12,500
|
46
263/4 Jan .15
6% Mar 21
100
,
Mar'14
71% Mar 20
,
30c
/••*•
»Preferred
•
700
y
:
common
preference
United Dyewood Corp
300
60;
Corp
87
-
___No par
■
%$3
200
49%
17.
United
3,300
-
13%
35%
Co
United Cigar-Whelan Stores
$3.50 conv. preferred
&
34,100
>
88
*13%
36
-
»
>
%
30 %
46%
53
22%
17
'•
3%
:
Carbon
Co——No par
United-Carr Fast
Corp—„—_Nopar
13,800
;
Biscuit
-
*87
13%
United
100
•
74
*8%
13%
Unite4
1,500
73%
*72%
9%
*85'A
"
1,600
^83A,30
a--; 6.y»
6%
9%
13%
107
'98
'
39%
52%
86%
49
■
52%
86%
•37
;:y,y
30
'
52%
*13%
36
71%
72
52%
13%
88
*90
46V4
y
a%
9%
91
*46
52
*8%
9%
17%
♦192
'
*72%
'/a
*105%
99Va
*30
74
39%
*283/4
/ 3%
13%
/.
195
31%
v
f
29%
6%
6%
*72%
3%
*16%
*29ya
A"'
109 V'4
"
*192
-
72%
29 Va
>
52%
15,'A
16,
10
.
6%
731/a
8
39
71%
2,9 %
-
*107%
16%
17%.
18%
•105'/a 107
16
39
72%
1
15.%
*107%
16%
39%
72
May
188
Jan
23
103
Dec
X205'
b
29
Feb
26
20
loo
Chemicals__ZNo"par.
86% Jan
91'
*41
Mar 12
Jan
13
Mar
6
187%
Sep
33% Jan
6
26
Feb
473/a
Apr
Feb
15
90
Sep
98 y2
Aug
53% Feb
13
37%
Nov
62
94
May
il
"'
-
l-'t*
ill ll '*
Voliro® ■= i65"-"Nu8)b?r'4S79"
1607
*/■ i.
i'AW,
—1
"*
'
U.. "■
4
<<»«
I' 1
111
"V Saturday
> LOW AND HIGH SALE PRICES
:v
\„4\
;<
Monday
-Vv't Mar. 15
*rV
ft
per ihafiYt pf'S
31
.
:4l8%'il8%
1
"6%
3i%
18%
18% '
-
18%
29%
:noi%
•>:■■ 52 *
",*152
■
'
52% 44;
*63
-52 ."
.
;7. '•'..
Mar. 2«
STOCK
30 »
3Q%
*101
52%
'
-
6%
18»/4
w '9%'
103
'
<
'
,
•
53
$ per share
*9%
31%
'30%
f*
6%
-
-
'*
-
<66
31
31%
*101% 103
' 52 ;
52%
-
.
s
'I
66
'&2- \"- 52
•
•
•
*156('i 189;j,: .<; *196^;:< 159
•<-•47% t 47% • 4 -471/*
48$
48
<5
'•8lWj£ 4.J79, v.®i->//--.*7gf.;^v.'8i; :
V?
±
*21:
ri *45
f,v'46%i!.^
"*:■
5%
Y-.
10%
*103
"
5 Va
>'
*47
*18
v;:.:
7%
(*188
189
"
22%
..
*186
8%
'
*7%
-••
*19
•
*105 '
-1.
20
20
"
.
•186
J
90%
:
186
;
23%
;
o c
87%
T?
.
1
n c
7%
United
Universal
220
18.
*
18%
*16%
16%
-
35
:
f„
1:1 17%
*86
*87
111
*90
.19-1
*18%
19'A
*18%
vnir':
:,...i'.16%
16%
*16%
*36
36%
1
*35%
1".v
36
18
34
34
18%
34.
957>'-:
*/"
94
-"i!
#88
*90
94 *
-
*103,.
8%
■8%
8%
-
4V«1b
*86
,
120
"8%
%
8%
87
119
*118
•
104%
8%
"'87'/'
87,4*14
,
*118
/
X104
'
""
87
*93 Vt
*93%
95
95
95 V
*42 %■
43
421/2
42%
3.7% 137%
96
•'-*42%
37%
*37%
•*33 %
1Q4
preferred
v
43%
37%
.
*37%
*33
*134
*1341
138%
165
33%
'
*156
:-'y i
*156
165
444414.4;
*68
73%
*68
17%
33%
17
:
33%
103%
21
15 '
.
•35
■V
i
■
'i
.
105
a
15%
15 5/8
f. 34
50
t
43%
37%
"37%
36
*34
.
200
I'
Q%
400
69
69
•
17-
*68
17
*331/4
25%
21%
11%
11%
-icy
23%
15%
153A
' 26
35%
9%
System
Walgreen Co
4% preferred
39>t
86%
86%
30%
31%
v
-
*114 ;
36%
35
35
;
25'A
24%
25
'
211/4
21
21
23%
23%
23
35
35%
21
K 341/
>"'
.
•.
116
9%
38%
86%
115
*114
116 1:
*•
%
1113/4
*1131/2
40%
-40%
*110%
40
4,800
Ward Baking Co
240
51/2 %
24,400
"
Mar 17
700
40%
1
-
41
•"
-,
v>
85
113
•
,
31,%
yy/2
*111/2
15
1' IO51/4
*46,
<
50
32%
x
"*47%
68
40
.40
.
;25
:
'
86
*85'/a
Wayne Knitting Mills
Wayn« Pump Cq
1 Washington
1,400
'9%
1,200
1,700
88 .,
131%
170
114
*41%
:
Webster
32
*31
42 -
1/7
I.--':
68A
,
w" 1,700
.13%
1
48
T9J/a
19%
I
*101'
101
<
'
48 38
-48 %^'48 3A
'•«9!4.
88,,
95%.
58',
'
86
9g
o
;
Mar
9% Mar
x
100
121
Feb
97
Feb
4 Feb
•:
4 May ;.
i
12% Jan
63%
Sep
117 %
5
Apr .;
May ;
53
5*% Deo
8
913A Jan 28
5
Jun 'I
26'A
51%
Dec
123 Vs
99% July 4"f
Apr
% Feb 21
24 '
80
Jan
105
Apr
Jan 15
45
Feb
21
40
Dec
53
July
Feb
3
40
Jan
17
37
38
Feb
17
145
Jan
9
175
6
68
Jan'
14
Jan
1
•
16
Sep
32% Nov
45%
Jan
52
Apr 4
130
Oct
170
Mar 4-
Mar 21
145
Deo
178
May
75% Feb 18
Mar 21
Jan
4
$4
;
<
." 96
*73%
38
38
13'A
18%-
13%
19 -vr
13 y*
...
x67-
.■/•■ J I
37%.v
133/a
18%
65.%
65%
-
67
-38 "
.
133/4
20
9'/a
66
66%
:
~»r^^ alupRsked
prices:
20%
20%
9j/B
9
9%
no
*37
133/4
19%
67
*
sales
on
20%
9Va
this day,
.
1
19%
66%
€8
20
9
200
88
t
31%
4
<
65/a
1 63/4
11%
14'
•99
$4
800
onrv
6,000
2,000
61%
60%
60%
88
90
90
67%
67%
•11
13%
19%
15%
19%'
19%
"
;
4
67-
1
•
900
9,400
1,100
,13%
13%
2.300
"19%-
19%
1,500
'■}
66 y4
67.1"
6,400
19
1,300
■'.•en#
21 -?■
9'/b
tin receivership,
20%
9
a
20%
9y»
20%
'9
Sep
47%
Sep t
Jan |
9%
31%
Sep
Sep
43% July
4
85 Ve
Sep
89 Va
34 Va Jan
2
29
45
Aug 1
Apr 1
•
-
,
&
Co
119
Aug 4
122%
Feb
Ser
115% Feb
13
1133/4
Oc?
117% Aug
1193/4 May
32%
Nov
38
Jan
45
Feb
24
113
16
110 •Feb1 a.;-
Jan
27
35
1
93
Jan
2
102% Jan 27
47% Mar 19
31% Mar 18
35% Jan 13
86
Mar 171
31
Zenith
2,800
Zqniie Products Corp——
r Cash
sale.i
"Jan
4 86
Corp
S Special sales,
No par
1
Sep
Oct
1
323/4
Jan
56 Vs
Jun
101
15
6% Jan 14
9y? Jan 13
13% Jan 13
97
Mar 14'
17
Jan 3
.
,
18% Oct
11% Oct #4
26% Oct
13'
21 Va
Nov
Feb
10,
91
Dec
100
106
/Mar
Apr
155
24
Feb
18
29 yo
101
Feb
10
98
Jan
9
63
103
Feb
13
100
Aug
Oct
44% Feb
7
_
39
Jan
2
2
Jan
16
56
.
17% Feb
90J/a
90
34
•
•
7% Feb
30
6
•
413% Feb 11
15% Jan
90
86
Mar45
05
MarlO
72% Mar 8
15 /»
419% Mler 18
45 V*
Sep
Oct
1
Jun
107 % Jan
72 ;- Jan
106
Jan
'62% May
4107% July
44
May
Jan
233/g July
.44
105
•
,
36
July
May
12%
Jan
26% Jan
21
July
101
July
21% Feb
Mar
160
Jun
1 56 Vi Mar 12.
153
Feb
1
4 34
Feb
52
May
Sep
62% May
68% Feb 13
1 94% Feb 13
447
18% Feb
37 % Mar 21
131/8 Mar 11
(an
an
'an
18% Jan 13
wd When distributed.-
5% Oct
Noy
Jan-28-
12% Jan 16
9
Nov
9
12%
30
Feb 20
Feb
8
70 V# Mar 6
17%
m
16%
Nov
81% Sep
34
Feb 13
Feb
63 % Jun
Nov
87% Feb
213A Nov
11 Vs Nov
T
63% Jan 21
.
Pec
95
142
46%, Jan
.
1
May
36% Nov
101% Feb 24
4 34
Feb
7
29% Feb
8
-u*
43
32% Jan
Nov
65
53% Jan
41% Jun
393/4 Jan
6
Jan
Mar 17
Jan 214
.
31
4
2,500
Sep
28% Feb
13% Jan 14
4
9%
14
71
Jan
90ya May
131/b Jan
35% Feb 13.
Mar 12
100
?erics—100
Yale & Towne Mfg Cp-^,-—r-?5
Corp m—
———
.-I
.Ypung Spring A Wire———No pgr
Youngetuwn Sheet A Tube--No par
Ybungstown steel poor-—No par
1 35
Jan
Sep
27
<:|4..??Jan,:3l4
98% Mar 17
65
Jan
9
-No par
'York
5%
23 Vs Feb
16
18
30% Jan 22
23% Jan 13
Co—,r-x-„^—-IP
eonv
f per share
7% Deo
57
3
18
2
17%J4n
4
series-,.,,—100
6
Highest
share
87% Feb
16
Jan
Il% dan
-Wright. Aeronautical—No par
Wrigley (Wn) J* (peD.-^JVo par
Wyandotte Worsted Co_x—
5
Radio
Jan
79
4
per
18% Feb 11
42% Feb 18
13% Mar 14
•
Motors-r-——;-l
pfd 4%%
Rriof pfd 4% ft
10 Va Jan
13
$
'
-
Prior
Year 1946
Lowest
75% Jan
7% Feb
Mar 11
Jan
6
-
Iron
<'
53 % Jun 4
116% Apr
lll'A Sep
t per share
8% Jen 13.
57
333/4 Jan 16
2034
Deferred delivery. • n New stock,
,
Corp———JVo paf
Inc--—
1
Range for Previous
Co.
1
Apr'
Jan
Range Since January 1
Highest
Corp
—1
preferred—Mr
Oil
r\.
16%
7
Feb
42 % Mar
90
Lowest
Woolworth fP W) Co—
10
i) Worfhingtpn P St M (Del)—No par
—
13%
19"
7
Feb ;
31
4
29%
108
pyefer??4f--vre-^r'*v>*^-^® '
Woodward
200
97y».
75%
:
>
Feb
Oct
106
preferred,.,,,,—100
WillysrOverlapd
Wilson
290
r37JA'4 3734
13%
66 --"66%
67'
,11; 12%
41
35% Mar
343/4
20%
i
115
•
$4.25 preferred
par
1,600 V r Wilson-Jones Co———T„-~-10
t Wisconsin
E| Pow Cb 6^
—100
48%
-.13%. 13%
18
Sep
113% Mar 14
'200.
•-•.I.," 48%
97%
75% 1; •>';*74%
26 3A Feb
39 .4 Dec
20-
14
Electric
Steel
conv
|»rior
nr:ii—
i
1,900
%• ' 96%
8
14
par
conv
Wilcox
.t
7,700
•;
%
533/4
*74%
18% Jan
25% Deo
22
-
117% Mar 11
.
'
8,800 4
53%
06
30
Jan
23% Feb
Feb
Jan
50
112% Jan
White Motor Co—
White Seeing Mach
,
100
.
r-
,54y4
54%
39% Jan
Nov
121% Jan
$5-conv prior pref
—No par
White Dental Mfg (The S S)—-20
10
19%
19 3A
*150'.-160
1
"
37%ss38
38
19%
20%
•19%
5%%
700
•1,%rl3%?-
22-C
233A Aug
3
preferred «—r—^-^0 par
Wheeling
:
130
2,600
<4im99l1/
99
31
107%
Sep
Sep
Wheeling & Lake Erie Ry-^^—100
.:
1,600
26%
603A
/
693/a '
H
.
14
"■■■■
Sep
16 3/4 Oct
•
27
Mar 18
183/4 July
100
Jan
28
13
20y8
Xll'/a Mar
183/a Feb
,
Oct
Oct >
Jun
109% Jan
2nd preferred
non-cum
$3.75
30
.
88.
;
13%
.
^
148% "448%
49% i-;
*96'/a v98 •
;: 75%1
19% "'if 19%.
r
448%
19%
13%
*150 -i 160
5434v
k 19%
19%
1.
t
700
300
400
% ;134 ^
.
13
9%
29%
29% Jan 13
110 % Jan
3
115% Mar 13
Corp_>_12ya
3'%% cum pfd series A„
100
i
3.80%, cum pfd series B_____100
/Weston Elec Instrument—--—12.50
• Westvaco Chlorine l*rod—••Paf!
---
11%
•
4%
Westinghouse
(
90
101%
<
19% Feb
12 3/4 Jan
Westinghouse Air Brake^»-.No ppr
,
19,400
*31
6%
; *97":
99,
4,300
*85%
11%
1160
13%'
1
1005/8
14
i
-
106% Mar
37% Jan 1_
86% Feb 25
1
;V
ciaaa B
270,
"40?
25%
31%-
11%
19%1119%1
*67»/V
*33
.
Mar
13% Feb
13
5
;;
6,600
11
1 1
-
32%
101%
'88
1;:- 6 3/4
7
1, *73
/
101%'
;
111
105
123% Nov
Jan 20
34
Western Pacific RR Co com-No par
Preferred series A
———100
/Western Union .Teleg class A-No par
500
65
33%
'
-,13,*A x.13%
50
*61
26%
13%.: 14
88
/:
1.000
99%
32%
33%
11%
JL17)
.
J
100<100
25%
1/160%. 61
.-*-87%\88.
96^;:
-
32%
26%
x
400
"200
105
"
39%
vX543A
,'•
99%.
105 1
Apr
Apr
Jan
22% MarlO
_
Western Air Lines Inc..
Western Auto Supply Co.
Western Maryland ' Ry——
1,600
25%
*47
Jun ?
54
24% Jan
$ per share
1,500
^
IOOV2
"
175%
-
:
*150
18.7%
373/4
.
.
60%
87%
75%
67%
13%,
:
*67 Va
19%
1160%
993A'
Feb
23%
D^c
243/4 Mar 21
conv
"
^5'/a
48
86
Oct
21
Inc
Tobacco
Jan
Sep
15%
33%
107
Mar 11
31
Co
Co
EXCHANGE
<
33 in
393/s
*851%
Lt
Gas
Motor
Shares
40ys
86 %1
32%
25 %
,
Jan 15
/ Jan
56
25
36% Feb 11
17% Jan
Mar 14
15
NEW YORK STOCK
191% 1201/4
"""
15 m
100%
13%
■-'56,:
,48%. ,.483,4
13 %
*73
20
"
"j
108% Aug
Jan
lilKviz-^fSTOCKKv^i^
*11
33 %
39%
14%^^
*97
55 -
ll. 545A ,55 .--■/ll
-10%^;
Sep
Dec
1
49
Jan
7
104% Mar 13
223/b Jan 16
Sales for
14%
*86%
34 " I
26%1
*67A
11%
*150 ;160'
■
86%
19% 1:
1001/2
,40% 1
1003A
*?1
98 3/4
19%'
•.
.
160 ,1 :<•
:
32%
14
*9T»/*
98.-/
198
*142
■$:rt 18%
36%
Jan 20
20% Mar 15
the Week
8 3A
,
68
'-*85%
■
131/2
1,64%
Feb 27
39
6
Jan 13
69% Jan 14
West Va Pulp & Pap Cp.—No par
iV*% preferred' f.,n.,,,Pv.TW()
;
50
57.
6%
*61
*331/4
:>
63A
;T1%
•tnvj
11
•
.:,V
42
101
preferred —par
West Indies Sugar Corp__
1
West Penn Elbotrio bjgw A—No par
^•"1
v
1; I per share:,
•
*104%" 105% '
32
•
rV *37
•-.13%
115
Wesson Oil & Snowdrift—„No par
11
110
,113 .<< 113
8 3A
68
'
40%
88
32
7
;
Nov
West Penn Ppwer 4 Vs% pfdr<"--10O
100
1003A
26%.
86
U
♦
4 91%
148
p;f1/1 230
8%
100
101
333/4
,
*99%
/
.
V
13
15
900
"
47% 1
*61
*13% 1 14%
13%. 14 >
*39% ;
■■'59%"
Feb;
94
Pictures
Bros
Waukesha
' 57'
6%
^
*6%
15%".
*141/4
40%
1 40
9.9%; 109
,
100%
3-3%
"25.%
25%
34
"*321/4
.
*991/2
33%
.25%
v
;
32 34
,
"
100%
100
•<1t3234
•
Apr
Jan 13
1% preferred
100
Q% preferred—-„*..10O
15
19%
*11
105
471/2
»iooy2.ioi
39%
39%
100% 100%
86%
255/a
993A
995;
,
99%
«o *•
*62% 168
40%
•"
33»/8
*104i
-
32%
99%
15
,*13%
(
19 Va
253/a
49%
33 %
.
99
*62%
.
.
,
99i/a
105
105
1
i
*99%*100 '
.*5?3A.. 33%
•..'24%
'25 .< '
.*13% -14%
;.«86
< 88
•.
•
Apr
58'/a
94
137
1150
57''57%-''
6%
4f%
8§%
32%
253/a
991/2
~
32%
251/s
105%
49%
98%
.
,
8%
.
63A
15%
"
,
•19-
•
-
40%
; -86%
*11-
? -•■•
>^3l%:1-33%;
34":....
"99%
*64% • 68
*100%.101 w
/
39
391/8
198%
14
40%
99
qq
991/2
.
253/4
Nov
33% Mar 15
Ii4%iii4%
I pir share '
;
57%'
*6%
*13%.
41
86 BA
-198%
••31
14
*85%
253/8
31% 25%
v-24% 32%
1055/9
39
Oct
35
89
'
114 2
■•'.Vi'-if-'v
9
571/8
19%
19
••-
'HVf 15
.•
117% Nov
4:15%
Feb 13
113
.11
700
,
$ per share
m
.
*i
*105'A
*46%
*32
!.
Apr
Oct
103 Va Jan
1,600
'
IYA 25,
3|%
25
24%
Jan " ;
Oct
Warren Fdy. 81 Pipe
Warren Petroleum Corp
7001
,
l;1 Ttmrjsday r 'IV- Friday
Mar. 20 N
/ Mar. 21
Mar. 19
g
573/4.
6%
14
14
•39% 140
•85 "
87 * 5
40
>-<
Apr
49%
101
Sep
pfd.
2. *116 ; 117.
.2110,1/2' 110%
116
:
'' ^ednesdtjfl
f per shflte
.
•
15
1
7
15
20% Jan
16
Jan 11
•„
X118
4,100
60
.115
*112
:
:
38%
33%
88 ,
,
*110% 110%
11411 1141/4
140 % 241%
>113
*112
Mar. 18
-57%
6%-
6%
19 >1 .^lw.VO
19 .1/8
Feb
18% Feb
200%
.
^
15%
common
243A
35%
291/41
,
31
116
114
I 40%
v
9%;
*114
*113%
9
9
9%
57%< ' 57%
85
22
41
Jani
83%
G & W.
23/* 1
*34%
83,,
;.:30%
111%
■■
36
88
.
tper share
share
*13%
Jan 16
.
r
Apr
30
preferred
Warner
LOW AND HIGH SALE PRICES
Monday *
;
Mar. 15
*39
Nov
77% Dec
27% Feb
22
110%
6
preferred
2*11/2
:
Z' 23
231/2
-
36
>
243/4
38%
'
116%
*110%
212 Tuesday 11
■
ygainrdar
8%
May
25
3
103% Mar 17
Walker. (Hiram)
Walworth Co
16
1,36,:<y
=Vi,
K6%
187
Mar
Dec
2
_
3,800
3,400
26
*21
37%
;
115.
1116%
112
112 11
;
v-
115
'
111%
114 ^
401/4
V
».
•
112
8.71/4
31%
31
116;
*110%
114%:.
1113%
871/4
*9%
38%
"
86%
f
*35;/
9%
385/8
39
•
-31%
.115
116
*110%
| per
7
192
13
33
16
15%
21
19%
,111
v/ifv;?
Nov
20
Waldorf
105%
*24
34%
*23
383A
*110% 112" '
1 91
29 Va Feb
17
Wabash RR 4% %'
300
100
11%
*105 '<
361/4
251/4
21
-»<
114'A
^ 41,'.:-
Dec
2
Jan
37
200
122212
11%,
15%
i6
105
1 *24
-
1
1
;
105
21%
25
37
*25
,
-31
8
40
17%
*103%
21 i/4-
v105
70
1*33iA:
23%
361/a
365/8
20%
9%
30%
Sep
10
18%
Feb
preferred
33%
*16%
33%
*lG3y4- 105
,
25'-'
23%
86%
Sep
41
.
94% Feb
Visking Corp (The) class A__
Vulcan Detinnlng Co.^
Preferred
10
175
4, 7
7
91% Feb
33
Virginian Ry Cp,
600
Nov
17
17% Jan
div partio prefered.
%%
Va El & Pnw $5 pref—
Va Iron Coal & Coke 5%
;
10
15%
25
X34%
86%
41.
97
*
*42%'
-
•
175
-
105%
105 ;'
24-
*25
'115% 115%
•116% 116%
-
20
100%
90'% Jan 23
.
1,400 ;
137
171/4
151%
23%"
*35
•
39%
*113%
69'A
*221%
*20%
t
"
*95
38
.
"
?
'
97
43%
i.2iya ' .21%:: 1"
15%
*22%
*38%
:
•-
li9ya
175
"iii%'-,iii%
16%
v/16-:/'i
(■
9%
87
50
4,300
137
*lb3%1105-1
•121% 1121%-
21%
<
l1
• i'tv.
•.
"
8%
1,700
)
;
8%
87%
119%
fiVa.
*160
f1*33%:y.34^':'1
'..*33%
34 r
*103%. 105*
is y8
36
*35
46%
*134% 138
C
69%
V 70.^*16% /17 JA
♦lOS'/a
22%
*
(
95
»1P3%,194
*42%
"34
*163A
567%
,
11%
21
22%
.
*90
8t
1,400
55%'Juft.
30
34% Jan 20
'.
;4"2&tVJan?;v
9% Jan I
20% API;
128
Jan
Feb
99
3
.
Feb'jj '*■
7%
Feb
13
16% Jan
,f
Sep
Oct
11 y* Feb
4
4
,
97% Feb..
NOV
52
Jan 14
•
Feb
,89
166
•
/
22
,
„
•
a3/*
47
6
1Q3A Jan
;
Jan
18
No par
*•
11,200
Jan
120%" Nov v
21
82
.»»
Van Raaite cp inc prf. •#«*»
*»*»»<■• <w f» 1
Vertientes-Camaguey Sugar Co_6ya
Vick Cpemical Co.
Vicks Shreve & Pac Ry.
5% non-cum preferred.
Victor Chemical Wprks.
3%% onm preferred
Va-CarQlina Chemical
95
"146%
*37'A
175
*
17
•
11...
36%
25%
•
*25
.*20%
*S3
'M'-
138
*160
11%
23
23
*134%
170
15% -16 ■
•105'"' 105%
: -15% :.i5%
15'%
•
34
:
138%
11%
.1111%
15% "15%
105J-1'105%
34
v
*160
73
v
21
"V
•
34
*134y2
'
*33%i-'34%
103% 103%
105
20%
v
v.
-
*86
47-
184%: Feb
x22
Apr.
187 " Feb;
84% Feb).
142.,Dec/
l
...
Oct
80
V'i/i/o,
'4
*16%
:
•34 w..
35% 4 7
138%
4
'
"
*34%:; 35%
*118% 120
43%-;
38%' "
*42%
38 Vs
"
•
„8%
86
188%*
"
18
106
Mar 14
7 % Mar 14
•
h%Feb ^3
12% Feb 21
89% Mar 21
——~.___1P0
39% Dec !
106
65%. OcV**>"
81
Feb'' 19<-
483/4 Feb
'
Vanadium Corp of Am
Van Normap
500
300
95
*103% 104
•
8%
*iiay» 120
96
9R :i
*118%- 120
,
,4
8%
811-
18'v
95
>45%
900
1
36
.
-.-1;
v
Leaf Tob
—No par
preferred 1
100'
Universal Pictures Co Inc~.
__1
80
19%
.
36
35%
-
*90
'
46
,19
8Vi Jan' 14
Jan "4
47
Z%
2,700
-^23
149% Feb
MarlO
J9
84
,
27
-
Sep
36% Dec
.
Jan 13
Jan
11% Jul?,
60% May
Ap?r
Nov
.
,
13
-
v
■
•*16%--vi7.,
18%
*
*86
1
95
*87
k- 46 '
45%
1. *103%
rn %
87
10411
45%
45 ya¬
*43%
14
ll'/f
*86 Vv
•
'
.1*
17
36
'17%;
*34%
1
*34 11'
95
19
36
<18.,
.
'
44 %
44%
'
"
*86 •;
•
19
<17
•
-
18%
;;i'34,i
96
•
36
117%
.95 444:.
•
16%
*35 Va
35
18%' -1
34
34
-
/'•
£19-®:^
18 Va
416%
,
N
Ino
2
Jan?
25% Aug !
44
;
59
y 79% Feb
Jan
pfdJ-—^^,^.50
laboratories
35
'
Jan/1
13%
103 % Mar
5
100
Sep ;
ii 60% Feb U
1" 48%, Nov.144
Nov
,165 - Feb 11
;. 51
Feb 27 V,
40y4 Oct
81
Feb 28
x72
Sep
6
102
Universal
•
20
;
conv
5
19
Jan
39
1
v.
Feb
73
8
8
■
Upiyersal'Cyolops Steel Corp^___.l
cum
44% Feb
Mar 20
_2
> 4^
800c,
i
.
Wail Paper lnc__.^
100(
17
£'+
$per share
Sep
25
Sep
13% Jan
4v9 •• Dec
8
9 ya Jan
Jan; 16
A i-
Referred ——W-Afopar
5oo<
i
Jan
"1-46
2d pfd_5
non-c
"6%
7
19 Ya Feb
;
Ian 16
lap
4
P—Tf—-
S4J20
3
22
Mar 14
78%i Jan
i—---Nq far
preferred
-25
pon-cum
f
Highest
I per share
8
"32y« Mar
Jan
3
Jan 18
Steel Corp- pommod^jyp par
Preferred
:y,
.
50
8% Feb
*
S
$6 ponv
3,100<
f
;v.,.
.
—
Lowest
I pet share
fly* Jan
7
38% Jap
3
64% Mar 20
c 6 Tobacco Col,.
•
*
16'A Jan
'
7ooro rUplted: Stoebyord8 Corp-J2„--:l
107
,
'>•> •'
24%
*86
|
1
-1
erelerred _.i_
PipA to Foundry
1
•
Mar 18
T-lVo par y. 25% Jan
Preferred
<
V'''
'8
■ n*7%:r:-;-8 -st-. " 4
90 v ;'90 % ,-;•• v 90
90%
•'-, ; ' 89%
89%
185 ^1
*183 ;
*183185
.»
*183
185 V
,-24% '-25
24%->24%
•'24%. ; 25/,.i;
ZK*86
85%
86
85
85
87%
'
;,r 90
r
200
*1,200'. •
'
,
9,yft !,w>9?A
•
59%
2° 1.20
*7%8 ?
*46
■>
1
-8
-
'
3
.21%
<1 conv cl A
Pnited
*1051 107
4-V
"•■: 9% .1^9%
20
*
s
.
£'-uV
107 V ■;■<■"
9%
9%
*48% <,•' 51%
•'
:•
v 121%
tper share
j
.
27,800;
11,300
l.v 46%; ;x1.:.*45.>1' 46%
5% -'"5% ar5;%i:-.5%
5%. ; <>?•
'•
51%» :
l
1
21%
■ i't
Year 1946
V 6 Playing C*rd.
V ? PlywQ94 Corp__>4,»
: 29 •
3%% oum pfd Berieg A100 f 101%
P S Rubber Co10 ;■'{. 48%
8% non-oum 1st preferred—100
147%
V 8 Smelting p,ef & Min~,-^-50
'.42%
•'X *45
•
r
>105
'<> .9%1;
19
•
23.%23%
*86% 88
-
88
46% 1;
'
5%'
11 '>"?
9
<189
45.';. •••';'
-
107
r *48
19 "':
r.f
i
^'.121^'
'
i>7%
*90%." 91
23
•
*86%
.
.
-
21%
21%
10%
*104.:
-
V; 7%
i
\-
-
>
21%
46%
5y«
5 VB
■;
* 51%
8%,
•
19%
90%:;-9i;r ••;
-•
1974
105
•
50
7%
5%
.v
'^W*
105
9 :
"T
50
'*18%
21%
.-■■MAS-.: 1
,
<46y2
*5%
10% j-
.
*45-; '
.
•
.105
.
p"8%
44ft:-
% 21% ' '; 21%
21 %""'•'
v
D S
400
1,500
t
«■ ■'
Range for Previous
4%%
1
6.80Q,
,
y ".!■ 1' ■;
—rNa par
D 8 lanes Co_,
10Q:'
800
;
»>
-
Pertlc
5,30a
.
:••
■
*79
f.
JJ 8 Leather Co_,
2.80Q
31% :32%
noi.%: 103
,
g
Highest
^ar
900
5,900
;< t
1
EXCHANGE
1 1.100
30%
>9% r 9%
V'. 43.-'' 43 :•
'43%1
'
.'
.1
Shares
>■:,*
\
6%
'
10'.
'- 43%
53'A
'
)*><v
.
'■'
stocks
NEW YORK STOCK
..
the Week
,18%\"W^*., V '"'17% :r!8%
.
.
••<
52% '. 52"%
•
W> Sales for
^ Mar. 21;.
<
6%
' *3CV2
9%
30% 31
*101% 103
.
V Friday
*156-160
Y 1&7%M57%/. :.<156%M5'6%
-48
--48%' • 4 *47% ;48% -\'
v;v4a%^ 49";:'
: :ao .'ileal1
80%
80%
m 70% '71% W. ^^^1%-^72%-^^'$^%^v72%^K^72%^:^73%^^71%''-<52% ,4
7?
,..72y«
146 <sj 146 i
T*m •* m/im: 146%■; 146% 4>i'T46% "146% ■ •
'I-■"
146 V4 .146V4
146%.146%:
.'•<*'47
RECORD
....
■
•
7
31%"
•«%'• 'lay* v
t '• 43% ,43V*
'4<65s4'*69 7"i6514r4W'GV^':
29% .'30%'
4;,^r, *101% 103
158
f
'
•
29%
103
'
9%'
.' 68W:V1
*63
6%
31V*
;"9%vvvA*
::Al^l4l%
fi V i.
- Thursday
' • >
jpir
6%
31%
BYa
-131-
iv. 3i
r/*9%i'
YORK
V
'■'
'
Wednesday
<,
^yMur,il$^5t; ;M»r.l0:^
thaif
6%'
X&;r:
;V
Tuesday
v
,
Mar 17
M. tpetihare^i T$p$r
31
NEW
.-i-'yrf." ^-r/
..
H:.,
,
Mar 14
100
8Q
10
Jan 31
16% Feb 11
23
Feb
7
72% Feb 18
21% Feb 21/
IS
23% Feb
10
10% Jan 31
x-Ex-dlvldends.'
43%
Sep
74
84% Sep
•
100
Apr
87% Sep
103
May,
Aug
Dec
Oct
106 -Feb
82% Apr
13% Dec
25% Jun
475%
59%
33
Oct
61% July
13% Nov
15% Oct
27
57 Vs
Sep
15
Nov
83% May
31
Jan
19%
Dec
42%
Jan
Sep
14%
Apr
9
y-Fx-rights.
y* Jan
35 y*
Jan
)
Wit '•
FINANCIAL CHRONICLE
&
THE COMMERCIAL
m
Monday, March 24,-1947
"
{
1
'
'
■
i'
.2M
Transactions at the New York Curb
HIJ
"
Exchange
Daily, Weekly and Yearly
\Stock*.
United State*
Number of
Government
Bond
Bond*
Bond*
Sale*
'
Bond*
Share*
f
7 Week Ended March 21,1947
.
MondayTuesday
Wednesday.
Thursday...
Friday——
*
TotaL
$1,179,000
2,731,000
-244,000
3,512,000
;
k io.ooo
'>
Stocks—No. *f shares
2,933,000
>
--
3,077,000
•
$20,000
$36,500
$253,500
1,615,000
17,096,700
22,661,700
15.282,000
22,338,600
241,840,800
Foreign
Railroad & Industrial.
$16,458,000
Total
•
1,121,932
Foreign government.
Foreign corporate—
$792,000
listed
on
March
4
•
20
inuus-
4
30
Rail-
-
Data—
154,000
f
-
195,000
-
'
A]>
March 21
:
1948
•
.
21,611,488'
48,995,955
1
> $12,101,000
$23,720,000
1,613,000
4,208,000
398,000
5,000
.
$2,119,000 '
'
154,000
' 137,000
$13,868,000
$28,065,000
Averages
of representative stocks and bonds
the New York Stock Exchange as compiled by Dow, Jones & Co.
.-r-t*
;..v
252,000 .V
2,000
'6,000j /
.
the daily closing averages
are
-Boade-
10
10
;
4
.
?•'
152,000
'7,000
.
1
$1,716,000
23,000
$999;000
-Stoeks-
■
..
184,000 >
r
"
$393,624,800
Stock and Bond
Below
$8,ooo
'-.4.1947
2,670,405
•
s'-.
,
.
TotaL
4
$66,000'
:.
■
1940
Bona*
Domestie
368,698,503
$259,191,000
$23,990,100
>
/ 180,000
-
■■
$2,264,600
1,156.000
34,000
1947
Stocks—No. of shares.
-<
12,000
Total
1
.
>
,,.r
S
~,"
4 • > i
'?»■<:
hT'fi
•k-Week Ended March 21 > 44
Jan. 1 to
<
Bond*
U. 8. Government
140,000
201,090
103,876,467
61,143,020
6,336,032
48,000
,
7 232,675 T
173,370 j
,
3,765,750
11,000
155,000
192,892
Foreign *
Corporate
$3,000
76,000
133,000
197,000
*
,186,225
1946
1947
$63,000 >•
104,000
135,680
,
(Par Value)
Government
r,
TotaL
Jan. 1 to March 21
1946
Bond*
.Foreign
DomeatiO
Share*} >
Tuesday
Wednesday.
Thursday
Friday
$16,458,000
$20,000
$1,156,000
Week Ended March 21
,4^:1947
$To"ooo
,217,000
,178,000
jilarch 21,1947
Saturday
Monday
3,026,000
',.253,000
$15,282,000
3,755,750
Week Ended
*186,000
e
<
(Number
0/
$78,000
$1,101,000
i 2,545,000
#
640,180 '
.2,782,000 v
657;880 4
3,259,000
756,280
2,706,000
631,530
2,889,000 >'
712,250
367,630
Saturday—
Stoeke
Total
foreign
Railroad
and MiscaL
-
trials
-
14
roads
.
172.58
4
*48.17
'
35.84
.
172.37
March
15
March
17
March
18—
••
-
48.01..'
48.25
35.65
$
'
Indus¬
Grade
Grade
trials
Rails
Ralls
Second
Total
10
Utili¬
ties.
>
40
Bonds
111.47
93.05
104.66
111.46
93.08
62.53
104.66
111.45
93.30
107.34
104.19
104.62
111.50
93.26
107.40
104.20
62.38
-
.
104.64
62.27
63.06
35.80
173.35
65
1
ties '
.
10
Stocks
Utili-
4
•
r First
Total
15
4
«
107.35
n
104.13
107.35
104.14
'
"
March
174.95
21———
V
48.83:
35.70
175.37
20_:
March
.
-
48.42
35.71
>48.87
>: 35.75
""Corrected figure.
Bond Record
>
>.»
,
"and
are
interest"—except for income
104.59
-
63.54
93.24
i 107.37
111.59
93.09
;
111.58
93.26
104.19
107.48
104.20
107.50
104.26
,
WEEKLY
Cash
and
week, and when outside of the regular weekly range
Figures after decimal point
YEARLY
•
defer red
delivery sales are disregarded la the week's range, unless they are the
only transaction! *f
which they occur.
No account is taken ef such sales In comDutinx the ranxe for the vtar
£V«d
are shown In a footnote in the week in
The italic letters in the oolumn headed ."Interest
Period" indicate In each case the month when
n
111.53
104.63
104.68
,63.27
;
63.05
>
-
defaulted bonds.
and
,
>
New York Stock Exchange
«»
FRIDAY
NOTICE—Prices
.
the
35.78
176.90
191—175.78
March
;
48.70
4
t
rei
one
the bonds mature.
or
more
32d
ef
V
point.
n
LOW AND HIGH SALE PRICES
Saturday
Monday
Mar. 15
"Low
High
•1C2.1
102.3
Tuesday
Low
High
•102
Wednesday
Thursday
Mar. 18
Mar 17
Mar. 19
Mar. 20
Low
102.2
*102
■"106.1
106.3
*106.1
106.3
*"108.17
108.19
*108.17
108.19
■"112.9
112.11
*112.10
112.12
*"101.31
102.1
*102
102.2
*"107.4
107.6
*107.5
107.7
;
*106.1
High
Low
102.2
*102
106.3
High
Low
( 102.2
*106.1!
'
-
>:
Friday
Mar. 21
Low
High
High
*102
*101.3
102.1
*106.1
106.3
102.2
106.3
*106.1
106.3
*108.16
108.18
*112.9
112.11
*112.9
112.11
*112.9
113.11
*112.9
102.1
*101.31
102.1
*101.31
102.1
*101.31
102.1
■
*108.16
108.18
*108.16
*107.4
107.6
*107.4
107.6
*107.5
*112.28
112.30
*112.27
112.29
•112.27
*113.23
113.30
108.18
*108.16
.107.7
*107.6
108.18
.107.8
*112.28
112.30
•112.29
112.31
*113.28
113.30
*113.29
113.31
113.30
114.30
*114.29
*113.27
113.29
114.31
*114.28
114.30
*113,28 113.30
*114.27 114.29
*113.28
*114.28
*114.27
*102.19
114.29
102.21
*102.19
102.21
*114.27
114.29
*102.18
102.20
*102.18
*104.9
*102.29
102.31
104.11
*104.9
104.11
*102.29
102.31
*104.8
104.10
*104.8
/
.
102.20
104.10
112.29
*112.27
112.29
*104.8
104.10
*104.9
*105.10
105.12
*105.10
•105.10
105.12;
*105.9
105.11
*105.9
105.11
105.11
*105.9
105.11
*105.9
105.11
*105.9
105.11
*107.10
107.12
*107.10
107.12
*107.9
107.11
*107.9
>105.14 105.16
107.11
*107.9
*105.15
107.11
*107.11
105.17
107.13
*105.15
105.17
*105.15
105.17
*105.15
105.5 !
105.17
*105.3
*105.17
105.19
*105.2
105.4
*105.3
105.5
*105.2
105.4
*105.4
105.6
104.25
*105.2
105.4
..•105.9
105.11
*105.11
•104.21
104.23
*104.21
104.23
*104.22
104.24
*104.21
104.23
•104.23
*104.19
104.21
•104.20
104.22
*104.19 104.21
•104.20
104.22
*104.19
*104.16
104.18
•104.15
104.21
*104.21
104.17
*104.14
104.16
*104.14
>104.21 104.23
*103.10 103.12
*106
106.2
*103.9
*105.18
*104.15
104.17
*104.16
104.18
*106
104.16
*104.14
104.16
*104.15
*103.9-
103.11
*103.9
106.1-
*105.31
106.1
.*105.31
104.23
*104.18
303.11
106.2
105.13
104.20
*104.18
104.16
•104.17
104.19
*103.11
103.13
*106.2
106.4
^ *103.9 ,103.U.
*105.31 106.1
>
103.11
*103.81
103.10
105.20
*105.18
105.20
*105.18
105.20
*105.18
105.20
*105.18
>*104.5
104.7
•104.5
104.7 /' >
105.20
*105.18
105.20
*104.5
104.7
*104.5
104.7
*104.4
104.6
107.21
*107.21
104.8
;
**107.19
*104.6
107.23,
*107.21
107.23
*107.21
•
105.15
K
.
:
105.17
U 102.20
/,
1
102.22
i *102.20
102.22
•105.15-105.17'
•102.21
I
»102.21
102.23
*100.31
101.5
f 102.4
102.6
*102.4"
102.6
j
J
i4*102.2
102.4
*102.2
102.9
*102.8
i
» *102.12 102.14
*102.12
102.14
**102.14 102.16
*102.14
102.16'
,
•102.21
,
r' *105.14 105.16
*105.17
102.9
102.4
102.9
'
*102.12
102.14
•102.15
*102.23
102.25
101.1,
•100.30
101 i
102.17
*101.3
101.5
102.5
*102.3
102.5
102.4
*102.3
102.5
102.9
*108.8
102.10
*102.12
-
102.14
*102.13
102.15
*102.15
102.17
•102.17
102.19
102.22
*102.22
102.24
'
*
*102.19
,
102.21.
\ *102.29 102.31
>103.4
133.6
*103.1
103.3
:
*102.20
*102.28
*103.3
102.22
103.6
Bid
and
asked
101.8
price.
102.30
*102.28
-*103.1
103.3
*103.1
103.2
*103
102.22
102.30
*102.20
*102.29 102.31
*102.31
*103.2
103.4
*103.3
103.2
*103.1
103.3
*103.3
103.5
103.5
♦103.3
103.5
*103.4
103.6
*103.6
103.8
105.20
*105.18
105.20
*105.18
105.20
*105.18
105.2C
101.2
*101.1.
101.2^**01
101.2
•101.8
101.10
1Q1.1S
No
101.9
sales transacted
this
day,
a
Odd
lot
transaction.
*101.10
•
r
6
Feb
4
4
110.3
Jun
111.18
112.6
Feb
3
112.6
Feb
3
112.21 Aug
115.26
Jan
102.6
Feb
4
102.6
Feb
4
102.11
Dec
102.12
Dec
.
-1951-1954
107.5
Dec
109.22
Feb
.
—1956-1959
113.12 Aug
115.23
Apr
.
.1958-1963
113.3
113.3
Nov
.
.1960-1965
118.15 Mar
118.23 Feb
106
106
.
—
1028.21 Feb
.
Nov
Feb
■
1948
1949-1953
.
104.12 Feb
21
104.12 Feb
21
Apr
>
Apr
106.16 May
107.15 Jan /
105.29 Aug
Jun
107.5
Jan
.
1956-1958
108.4
108:4
Jun
.
1962-1967
105.22 May
104.7
Nov
107.27 -Apr
1903-1965
.
104.23 Feb
..June 1964-1969
,
-Dec. 1964-1999
104.4
"^
14
Jan
-104.23 Feb
14
104.15 Jan
29
103
Jan
Jan
13
2
103.29 Jan
0'
104.4
107.4
Apr
Apr
107.9
Jan
,104.2
Jan
30
104.2
Jan
30
102.11
Jan
107.9
1966-1971
.
102.22
.1965-1970
2 Vis.
2Vis
104.7
Jan
29
104.7
Jan
29
102.11
Jan
107.10 Apr
6
101.16
Jan
106.28
Apr
109.15 Feb
101.15
Jan
1061.5
Aug
-106.16 Apr
106.15 Aug
108.17 Aug
108" 17 Aug
104.22
107.14 Apr
June 1967-1973
,
2Vis.
103.1
.
Jan
29
103.8
.
■
Mar
Sept. 1967-3972
Treasury 2Vis _i
Treasury
Treasury
Treasury
Treasury
Highest
104.27 May
108.21 Feb
2%s
Dec. 1967^1972
2 Vis
,102.24 Jan-
6 >103.10 Mar 21
.1951-1963
2 Vis
.1952-1955
.
2Vi*
L
;
2Vis —L
2 Vis —L
.
-
105.1^. Feb
7
102.5
7 >
6
100.29
Jan
Jan ;
.1947
Jan
101.4
Jan
Apr
.—March 1948-1950
Dec. 1948-1950
...June 1949-1951
2s
—Sept. 1949-1951
'
2s
-
Apr
•
{
•
fi ■
*
.104.16 Apr
104.7
Apr
.102
-
Dec
10~2~8
10319
Jan
'
103.9 'i,Jan
103.7
_
-
f iApr
102.8
.
Jan-' :
10~3~.22
.Dec
,
.Dec. 1949-1951
2s
Sep
102
,
-Dec. 1959-1962-v 102.5
2s
i* 106.15
,
105.17 Feb
.June 1959-1993
2s
Apr
Apr
-
.1956-1959
2s
107.19
•
.1954-1956
2 Vis
2s
.
195$*1980
2%s
2 Vis
>
-1948-1951
1952-1954
2^28
•'
104.14 July
21
_
2%s
2%s
2V6s
Treasury
Treasury
Treasury
Treasury
103.5
*105.18
•101.7
102.22 Jan
/ 106.6
21
March 1950-1953
_
•
103.1
'103.3
„
—
4
Feb
Feb
■
*101
."'101.2
*101.6
*102.20
*103.3
*105.1$ 105.20
*101
102.22
*103
•
>
103.3
*103.4
*102.20
*102.28
102.30
l103.5
•103.1
'
2%s
106.6
1951-1958
27/«s
23/4S
2%s
102.13 Feb
1949-1989
3s
Year 1946
Lowest
1950-1953
Treasury
Treasury
Treasury
Treasury
Treasury
*101.3101.5
*102.2
.
*102.7
102.14
102.23
*102.7
-
/ *102.14 102,16
*102.23 ,102.25
•102.3
'
•102.2
"
102.23
*102.21
101.1
102.4
*102.21
1947-1999
2&s.
Treasury
Treasury
Treasury
Treasury
105.19
*101.3 M 01.5
102.5'
20,000
107.23
102.23
•100.31
101.5,'
*102.12
.
*107.21
•100.31
*102,21
101.1,
•102.3' 102.5
103.10-103.10
107.23
102,23
*102.2
102.10
•107.21
105.17
*102.7
102.4
\
*102.7
107.23
'*102.3'
*
;
.
*105.15
102.23
*100.31
-
>101.3
.
.
>103.9^103.9
•103.9-103.11
105.17
:* *102.21
101.1
*101.3
.101.1
103.11
>*102.21-102.23,.
'
101.5
'*100.31
:
*105.15
102.23
§*101.3
i
*103 9
-
4V!tS
3V»s
Lowest >
2%s
2'As
2,/aS
2Vfes
Treasury
Treasury
Treasury
Treasury
Treasury
104.20
*104.14
104.17
-103.11
•103.9
Range Since January 1
Highest
EXCHANGE
Treasury
Treasury
Treasury
Treasury
Treasury
105.12
105.12
*105.9
Range for Previous
NEW YORK STOCK
Treasury
Treasury
Treasury
Treasury
Treasury
104.11
*105.10
GOVERNMENT BONDS
.
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
112.11
*101.31
"
8ales for
the Week
Bonds($)
Registered
Treasury
Treasury
Treasury
Treasury
bond
transaction
2s
3ept. 1950-1953 >102.22 Feb
2s
—
2s
_
2s
2s
2s
_
_
_
1951-1953
-
•
L_
4
102.22 Feb
4
.1951-1955
-June 1952-1954
.Dec. 1952-1954
102.16
Oct
102.20
.;
-
Oct
f
104.3
-a
Mar
>104.14 Jan
'
103.13 May
103.2
103.1
Jan 24
Jan
21
103.2
103.4
Jan
24
103.13 May
102.14 Nov
104.26 Feb
Jan
24
102.22
Nov
104.29 Feb
Jan
29
101.31 Mar
Jan
6
10L14 May
101.3
Sep
1953-1955
l%s
1948
101.2
IVis
1950
101.4
Jan
Jan
29
6
101.2
101.4
102.17 Mar,
41
Volume.:!65
THE COMMERCIAL A: FINANCIAL CHRONICLE
Number 4579
:
'X
NEW
'*
i,'.I't;- ,U
:t;-
■':yWA'-\
BOND S
Stock. Rxcbango
Interest
New York
.777
1
•.
>h
■_
■' i
«»
.'i\>
1.
^<\
»'
v
•
v
•
1
" 7
•/
' Low High
YY-yvf"•
Range Since
Bonds
- Sold
*
7 January 1
'Low
No.
'
,•.■'t-,-.»;v -,r
^
,
J-D
•
•
,
-
~.X '
■■■$' .* ■' .jV'i'u^V- ',l'
•
•
112%
*-*'
112
112%
•'
*
.'-
►
*
.
-
.
21
':v;:>t;' Y
BONDS
v<n
New
^i
Stock
Period
^;
.
'
.1951
.1949
.1949
JF-E :>t,
F-A'
:>;>:77';._':>
J977
120
Broadway,;!!*# York
"F-AA-O
■
-
A-O
v.
A-O
———I960 .
series..........., 4—.1989• ••
jForeign Gori. A Mnnidpal v.- "1
Agricultural Iftge Bank (Colombia)—
AOid sink fund Bs
—1947
F-A
•81
A-O
.1948
•8i
Akenduig.(King of Norway) 4»_.—1968
M-3
l AAntiqula cDept) coll 7s A—_—1945
J-J
vs'| ARxternal
v
lASKternal
iv fAlxternal
ABkternal
f 7a series B
i
f 7s series C--._
a
f 7s. series D.
.1945
105% 105%
J-J
1945
J-J
2
r-
*
>. 1
'
26%
26%
J-J
26%
A-O
a
21
I
1
•
A-0
v2i
21
21
22
J-jD
lf-3
F-A
100%
109
•' ^109 V
103 %
:103%
100% V100%
J-D
100
6
:
vY
/ 21
.21
10-year
3%a
1949
-
^
'u
r
J-D
..
60
51%
72
62
<=60%
A-O
A-O
60 %
J-D
;
*
{
><
-
)
60%
60%
63%
64
:-*■
■
v
' "i
80-
65
60%
>60%
•*. •
101%,
■
'
Y
:'i
52
48
•22
»*',
725
♦59%
70
•59%
03%
—
:
>
i
.
AAss'td
1943
1942, agree_1968
(US) extl 5s Of 1899 £—1945
1945
stamped pursuant to Plan A
(Int reduced to 2.125 ft)
.
'
.
;
m.
* I
:
//; 100 7
a-o ;
7-7
J-D
77'29%
1277
*9%
29%
M-E
J-J
'♦9%-Y
Q-J
O-J
•18ye
J-J
♦15
9% 7-
*
15%
16;
/
14%
13%
— .
♦37
M-E
♦37
M-S
mm
V-
:
7'7- *32
OfiS
7
..
1105 %
i 105y*
1970
J-D
ii.
<
.
105%
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105 (
7Y7-.
(Republic)— J
AStamped assented 5s
Stamp mod 3V«a ezt to
-
Ext
aeo
14
62;
62
57%
ANat loan extl Of 6a 2d ser
.
60
68
63
61'.
57%
'62
Series-No.
21—
*59 Vb
60%
57%
Series No;
22_
•59%
60%
57%
IA Poland (Rep
'-
(State of)
7s_
23
59%
60%
57
62
Series No.
24—
Beries No.
-
;d
59%
60
57
60
♦59%
64
57%
58%.
63%
57
61
*59%
57%
61
*59%
57%
59%
♦59%
62
62
4
29—.—
/v, 3%s Series No. 30
„
Buenos
Aires
♦102
102%
101% 102%
101%
v.-,
■
"
•
(Province of)—
■•■,.■•72, -7
:
-AOs stamped..—
;
External
a
99
:Y
Refunding a f 4%-4%s——
External readj 4%-4%s
External
a
99% 100%
'99% 101 %
f 4%-4%s—
3ft external
Canada
v
f-
(Rep)
Ale
External
108%
108% 108%
108% 109%
108%
80
——1954
24
f 7s—.1942
s
110%
;
.82
24%
"
23
ABkternaf sinking fund 6s.—1960
-rj, AOs assented
.I960
26
24
—.1942
assented.
109 %
108%
109%
1960
..—1961
(Dominion of) 4s
25-year 3%s
:
(City) '8s..—' 1
A Carlsbad
AOHa
96
92%"
f $ bonds
s
100%
25 %
iv
'
j
"23Va' '25%
"
•
c
-
AExtt
sinking - fund: 6s.
Feb-1961
AOs assented:
(c
-•
Feb 1961
vASxtl sinking fund 6s__—Sep l961
AOs assented.
Sep 1961
tc ASxteraal- sinking fund 6s
:M
1962
33
I
38
39%
1962
AOs- assented—
J«;>:
AOS
assented
ASIiiking fund 6%s
v-
'A'
24%'
|
25%
]
-
1
>•
»
assented
\
|
}
|
Atihiaese (Hukuang Ry) 5s
,
-
,
1951
V
•
,/
- -
a.....
-
Jan 1961
For footnotes see page
1613.
37%
2 7-;
30
30%
Institutions j ;/7/.v:y
.
,7
ad rtmeJai &' n i •
,c.
2-005a
?
31
-A.
111
SPECIALISTS
v
*
v
38%
MARKETS * -
V
v.*
•
SECURITIES
-FIRM TRADING
39
37
—
*1 .7
For Financial
Telephone HAnover
33y8
36
V
:ll.CVrr;5a Broad SL, Now York 4,
.Oct 1961
,
3»external t f $ bondm-i.—.—1970
A Cblombla iftge Bank 6%s_
1947
A8lnU*s fund ?s of 1926
—.'1846
/MKnkinx fund 7s of 1927,; ,1947
.
:
7
'SXXK
FOREIGN SECURITIES
(Republio of)—
Aflaef 1989
'
Y:
CARLMAMS & C2JE:
--..i960"
;1960'
58—1951
assented
I r IV AOs ot 1827.,...
I
*
ASw. assented - ■"
' ■ ^.•„..,'I,V.I1008^-.lOOKi^iinUk 7a——.xeou
Oslombla
;
^1961
assented-
7
*
YY'
1967
.:
2004
FOREIGN
ACkliean Cons
ats
rb'
f?
•j
AGuaranteed sink fund 6S——-1962
« ■
i
i
AOs
32
20
'35 s
40%
38
24%
23%
AGuaranteed sink .fund 6s—.1961
■.
^
AO%s
1961
—1981
7
Y;::
34
39%
,
30%
1
2
26
-
r-ACEBw Mortgage: Bank ^6%s----~.l957
U AO%s assented—.——.1957
-
7 37
25%
23%
,
'
7/
2012
—1963
—
2
26
25%'
.1963
.^VABxtmnal sinking fund 6s—
32 y8
25%
23%
•
1
39%
32
25%
*25%
—Jan 1961
Jan 1961
ARy external s f 6s__,
assented.;
:
K t AOs
Yt
23 •'- 25%
23
33
80
2
A
A
38
lYY:
Sul (State of)—
,A8S extl loan of 1921
-1946
Stamped pursuant to Plan A
(Int reduced to 2.5%)
1999
A 6s external sink fund gold
1968
Stamped pursuant to Plan A
(Int reduced to 2%)
—2012
VA7s external loan of 1926
1966
8tamped pursuant to Plan A
(Int reduced to 2.25%)
2004
municipal loan
Stamped pursuant to ,Plan
(Int reduced to 2.25%)
24%
38
7 38%
ftlo Grande do
;
21%
21
'
2001
A 7s
21
19
7
—
21
24
,
V':
..
1953
Stamped pursuant to Plan
(Int reduced to 2%)
100%
99%
f 4%-4%s
19%
7«.Yv5:.i>
to Plan A
2.375%)
„
29%
28
s:
*~8" /•
1946
Janeiro (City of) 8s
21%
■'•21>'"i
18%
1940
assented
A Stabilization loan s f 7s
Stamped pursuant
(Int reduced to
AKxternal sec 6Vis
-
21%
15
-
•
22
15
,;27
40!
36
•wW.m&mn
A4Vas
A Rio de
7
%'*
16%
27
••Y: 1
102% 102%
Sinking fund gold 5s
Sinking fund gold 6s
102
99%
101 % 102
Brisbane (City) sT5s—
99
36
>7/76
1
64
7
32
1960
of) gold OS
r 101
99%
1
1958
1947
A4%a assented
:
1968
A External sink fund gold 8s
1950
A4%a assented
..—1963
A Porto Alegre (City of) 8s
1961
Stamped pursuant to Plan A
(Int reduoed to 2.375%)
2001
AKxternal loan 7%s
1966
Stamped pursuant to Plan A
(Int reduced to 2.25%)
2006
■
•;>
62
Beries No.
♦59%
104 •' •
100
■f
60
...
105
101%
105% 105%
.
81-::
3%n.
3%a
3%t
3%g
3%a Series No. 26
3%s Series No. 27.
3%a Series No. 28...
105%
A
1961
60 -
33
104 Vi
.
19
2008
1959
> "•
r
3%S Series No; 25—.
.•
,
> ;
1047
62
*59%
*59%
33>;
;)7771?7:
1967
ref 3 %s series B
57"/'-;
.
40 %
,
104% 106
io4y« 105%
"
1983
1984
57
66%
<
; 39 ,
'
60%
•
.
102ya
:
Panama.
61
20
...
(
•'
2
-4
'
...
-
.
19.^—_
7:;
***"*"
-
,77101%401%--"•
1095
<
•
40
105% 105%
' 104 Va 105 V*- -**
*
33%
33%
36
*32
A-O
Stamped pursuant to Plan A
(Int reduced to 2.125% )
APeru (Rep of) external 7s
ANat loan extl s f 6s 1st ser
♦59%
.
■
7
APernambuco
*59%
>•59%
40%
21-
7'77'V--
61
—.
18—
14
•12%
J-J
T-A
Oalo (City) sink fund 4%s_
v
107
9
39
•
3-J
J-J
i
15%'
11%
-
11%
J-J
9%;:
17%,7
17%
•
"9% 5%
J-J
1969
Municipal Bank extl s t 5s-
„
J-D
>
58
v.
45%
161
*96
1963
Y7;
101
;
2008
> 57
1, '
16%
:12%,
7,10%
14%
13%
.1956
•: i
57%
•
;
: 15%
is
—
yy,.' j
;
-
to Nov 5,
1957
1954
67';
59% •59%
*59 ya "64
—
<•
i -iwr
•'t
Norway (Kingdom of) 4%s;
External sink fund 4 y«s—
.da sink fund extl loan—
83%
57%
'
mm
>'•/-
Stamped pursuant to Plan A , .(Int roduced to 2.125ft)—2008
ASm external t f 6%s.^—
1959
*
83%
; 67%
'
'e;
103'V-v 105-
.;v-t
83%
82%"
79
\
%v^
85
'
83%.
79
80
>
••.■.53V4>;
€
I*
f
7
7
♦105
50
.45 ^4..48-
'48
7
62
61
62
50
1
>
68%
68
'
Y»59%
3%a
<r
v
63 y4
85
>
♦76
v
:
•101%.
J-J ./
v.«
64, \\*
65%
...
♦76
Series No;
-
"•/i
65%
3%s Series No;
:
.at
,
>'
57 Y-
64-
*62
-
101%'
62
;iI-S
JATreasury 6s of 1913 assent^.1933:
i AAss'td to Nov 5, 1942, agfee.1963,
Mlnas GOraes (State)-^; ASec
external i f 6%s-——,1959 <;
68
68% .68%-:r1 >
3%n Series No.
<
.63
.,*/;•
62%- 62%
•76
—
3%» Series Nb. 17.
J
.
mu
62%- 63%
>%• Series No.
-3%# Series No;
3%s Series No;
4
:
63%
\v
3%o Series No.
.
163, h-
52%
60 %
3%» aeries No.
3%» aeries No;
3%e Beries No.
r
73%!
t /
64
3%e Beries No. 9.
.
"
,A
62
.
ioi y# 102
101%< 101%
,
101
J-J
AAssenting 4s Ol 1904—..
...1954
AAss'td :to Nov 5, 1942, agree.1968
A Assenting 4s of 1910^
1945"
'
AASS'td to NOV 5, 1942, agfee.1963
•
,♦58
3%o, Series. No. 8
•
/•.
v
-63%
-
(4';>
I3i.
"f
'
•
101
J-J
1964
1969 Y
A Assenting 5s of 1899—
.
Y:
Series No.
3%a Seriea No. 7.
60
Y*59%::, 64,
'
3 %a
i—i:
>•70%; 76 •
J-D
—
-
•
AMexlco
;
.
■_
.
71%''71% "
;
A-O
Out. reduced to 3.5%)
1978
•5 funding bonds of >1931 due—1951
; r
BUenpod pursuant to Plan A
}
(Xdt reduced to 3.375 ft)
1979
dkteraai $ bonds of 194C (Plan B)3%»8erles No. '
3%a Series No.
3%fr Series No.
X 3%« Series No.
8%» Series No.
■
part paid.—
;A4%s assented
114%.
r 61 %( ; 7Q - V
lit
<:
—
■
1
109
107%
>
19
—
59%
71%
fbuaped pursuant to Plan A
.
X.XX-r- 77:7
AJugoelavia (State Mtge Bk) 7s
AMedsUin (Colombia) 6%a
;
MsxtoanIrrtgation-r- ^
-165% 107%
" '
'
99^102%
97%; ioi y«
.
>
>1*
100 y#,
....
.
101% 181%
J-J
;_1949
paid—
l|M"VM(l'Sta«9'
98% too:
80
A-a,
dtomped pursuant to Plan A •>
(Ink reduced to. 3.375%).—.1979
i
-106%
90%
it
'
2
•101'
• t 6s series A
il952- - A-O
■aisingfors (City) ext 6%s———I960'A-O
102
•70%
1;
Y
'
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>'"■< AAss'td to Nov 5, 1942, agree.1963
AUbrtonud af6 % s of 1927..——1957 v
i
Steaqtod pursuant to Plan A
l
(Int reduced to 3;375%)—^1979
Alp (central Ry)
19521
,
112%,
40
101%,
M
E.
loi-Vuioi y*v. ;3
104%) Y
100;
87
v
>112% 113%
/-D
fbt reduced to ^3.5% )„^.1978
ABxtornat s t 6%s of 1926^—1957
:
103%
'
•105
1941
*<f ARniRt .(U,. & of) external 8s
Staaape& pursuant to: PJian A
15
14
'
4
<
-
"
97%
; ? .'17Y
101%. 101% 77, v:
•101%
*
■alii. (Republio)
60
100%
99%100 '
'
1
'
22 y«.
39
4
Yiv
Afa
' v"28%>tf
,
•106% 109
J-D
-
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Y;
•
18% "22 r. v"'.101%
,99
108% 109%
5
103 %
J-J
1955
-- -
.
.
Oreek-Government—
28% V
.
19% : 22% •
2
101'
:
109%
*1-8
..A..1955
t 7b.
§
J-J
1956
Mghna external 6%n—i....
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KxternaL
25
r .24
21
:
A-O
a
French'Republic extl >7s—.7..
v
.26% '--, 28% v
1
'
21
f 7s 3rd series_1957
AKxternal aeo
v
A
■
25% >28%
"
'
26ya
-
'
90
>:
:
'
.1945
Antwerp (City) external 5s
1958
Australia (Comraonw'lth) 5s of '25.1955
V
JRxternal 5a Of 1927.
.__.._1957
>
>103% 105%
4
27%-
-27%v 27%
Y
26 %
•']
,
i7':
115%
!
..
27%
-
s f $-.:
,3s cxtl s f $—i—;
_Jan 1, 1976
Alstonia (Republic of) 7s.
1967
"
-
—
1
1,1976 Y
.—Jan 1; 1976 7
•
s
f 7s lst series-^—1957
,1s: AKxterlal sec i f 7s 2d series.—1957
^
•
^
Jan
>Y,3%» extl
'
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':■■■■
'•
(Republic of)—
f $—
s
112 y8
<
•7 ;.;'. .19":
99% loo1/*: y
•
V
•
(
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101%
"
92% A
.
,100
101%
,
A-O:
4s extl
v
—
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V
.
107%
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115%
104%
8 ;.
t
113.'t, ..,v**«-••
-
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.'
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.
107% 107% V ( 4:
101%
£1 Salvador
97 V*
96ya
10
I
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114
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,
teXi'dVv'ti- >: '104% 104%
112% <114%:
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114
:
High
,
93%
wx-
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*
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,
'
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J-J
Customs Admin 5 %s 2d series.—.1961
."
Noi
95%>.16
95%.' 96%, -t T - 14
,18% 18% :( ?
2
J-D"
7"7" (6%s 1st series^—
»•>
: Iv;
High
Low
7
96%
18%
J
External gold 4% a——
1962
l AUbmintcan Rep Oust Ad 5%s.._1942
IA 1st series 5 %s of 1926—.
1940
IA 2d series sink fund 5VaS
1940
WERTHEIM & Co,
Rfider 2-2300
.
1953 T
Sinking fundus %a.
J-J
107%
ACeecheslovakla (Rep of) 8s ser A.1951
'A-O'■■i" 77
AfMnking fund 8s series B
—1952 ,,; ;ArO>7;7V'';v>t>.
Stamped assented (int reduced :v,»
to 6ft extended to I960—
:
■.A—O ''•V.'V. V" ;-' .''»i
'7
Teletype
Week's Raaga; -'r v t !<
er Friday's
Bonds lRange Since v.
January l
j
BidA Asked U
Sold ;
-
95
—1953
ACosta Rlca (Rep of) 7s..
Cuba (RepubUa of) 5e of 1914—.
> External loan 4 % s^—
4%« external debt.—
■
Mbmiera New York Stock Exchange
>
Last
SalePrioe
J-D
,,
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Friday '»
r
■
..1952
'•/>.- 7.7v:-:
'.v/ >VY-IA Denmark 20-year extl 6s—
..1942
v; Kxternal
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1955 •
a.
^
Interest
Exchange
Oepenbagen (City) 5»—
35-year gold 4%s
.\—_..rft^
•-i
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f'7, ":1 77/ .7/7,
High.
7k<:>''Y->7i
110% 114%
35
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:
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.
YORK
BANGE FOB WEEK ENDING MARCH
N.^.||l|^ll|'|'
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32
39
.<
nHHHRK
Monday, March 24/1947
YORK
RANGE
Friday
BONDS
New
Fork
Stock
■<'
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,
reduced
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r
,
1952
to Plan
8s
;
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•
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f
s
63
63
41
68
•
a Cent
70
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Nov 1945
ACcnsol- gpld 5s_————1945
04% 67 v';^:
64
62
A'
,
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A Ref & gen, 5a Series C—f—-
/
j-/ v
1956
J
•-63-
US
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j-j
1968
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/
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r
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54
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89
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89
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Croats <te Slovenes
(Kingdom)-^
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external
1902
* t£,,ser*s
B sec e*tl
1962
jASUasia (Prov o0 extl 7s„*_
li)58
70%
79
65%
79
I «**4%s assented
ia58
Sydney County Council
3%s.——1957
A^8AUay (RePnbllc) extl 8s**
.1946
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i
!
fund
0s
j-j
'
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:
■"
1984
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fis
16%
16%
lipress cdll
tr
4s of 1907
gold **'"
Alabama Great Southern
3
?A bin?^ cWCr Ist mtg®
®usquehanna
/- D
Vis——1967
M-N
3VltS
1972
4%s—1975
RR
debentures
2%s
JT-S
108%
US
125%
V-A
■
-
101%
100% 1007-8
118 5/b
114
A-O
104%
104% 104%
1969
A-O
106
105% 106%.
ii
| AAnglo-Chllean Nitrate
deb«Ann Arbor lst
gold 4s
JZ
Atchison Topeka &
Santa iCT
General 4s
1967
„
115% Vp
V,
99%
95%
100 Va i
97%
.
gold
!
July
4s
a;
1st mdrtgage 3%s
Atlantic Coast lst cons
X995
Second mortgage
Atlantio Refining
118
118%
(4131 ■(■;-
M-S
;
-1964
lst 4s
4s
2%s
j-d
1948
debs
108%
j-j
1948
-t.
-
4
-
38%
37%
r
JS
103%
24
107%
105%
109%
35%
■
4
103V4 103%
>
106",\107
.18
102%
25 '
:
103 Va
/"lst
:j
4
Ohio RR—
1st mtge gold 4s.
-July 1948
Stamped modified bonds^
-
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9C11 1946) due_x
_
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Dec 1
,
ser
;
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■
u
99%
-
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99% 100
4
1095
99%
99
3-D
63%
3-D
73%
53
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j
33
.
5
J°
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5e^f^lal
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1951
>
j
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> •
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| 1A Boston
|
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99
98%
102%
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ANY Air L lst
4s
m-s
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98%
~6
.
98%
128
2
103 Va
99
.
»Jf-N
63
40%
=
40%
Jlf-N
M-s
w-
-
1
Jlf-N
_
66
44
100%
102%'
104
-i
/
M-N
66
Bush Terminal
A-O
32
Consolidated
5s
ji Bush Term Bldgs
32%
.1952
A-O
1958
-
A-O
95
101%
96
,94
105% •: 105%, 105%
105
103
>
106
75%
155
51
'
359
M-S
Jf-N
*98%
v.
"1974
1902
see
page
w
110
119%
3-J
112%
195s
S
1613
*
-
--
J- J
—-1970
4%s::::ZZ~1951
footnotes
A-O
Oct 1969
Guaranteed gold 5s~»—
Guaranteed gold 4%s
Guaranteed gold 4%si::
Guaranteed Sold
For
m-n
1957
106%
119
A-O
,
111%,
119
118% 118%
111% 111%
-
48V*
20
,
27%
.
105
102%
"
98
.;i 100
i''
93
83
90
»
00
3-J
107 -:r 107 ::/
.
3-J
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34
106.
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US
107%
106% 107%
'
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i*70
74%
A-O
Jf-N
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v
5
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v/' 34
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104%
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11
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8
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,
%
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102% 103%/
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3-J
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:.
y
36%
/
35%
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"
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3
102 1
103% :
1966
t/ACuba Northern Ry lst 5%s.
-1942
Deposit
M-N
43
35%
"35%
42%
1
104%
106'/4
103
104
100%
•v.
v >
105%
101%'•
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100% 101
J-D
receipts
RR lst 5s. gold
ADeposit receipts..
A7%s ser A deposit rets
A 6s ser B deposit rets.
101
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51%
.1940
j"
52 Va
41%
45
*45
61
,
'.;
41 Va'
:>
521/4/
85%
86%-'
41%
43%
;
43
44%
45 %1
43%
45
"
45
-
Dayton Pr As Lt lit mtge 2%«_
Dayton Union Ry 3V4S series B
Id
Deere As CO. 2%S-debs
Delaware As Hudson 4s extended—*li
■•,-,■■
45 Va
*103 Vt 104%
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105
96%
I
62%
48%
86 > / 86 r/(
41% (/
45
.-1946
66 Va
51%
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-a**.—
,
104%
38
35%.
105
100'/4
102
103%
•v>l
\
35%
35%
-18
/
102%
103% 104%
35%
J-J
m-S
mtge ^Val—1975
debS———1965
fyfv:
; •
M-S
*1948
^1955
75%
;
>
A-O
.
75%(
97
103% 104
a-o
1973
deb 4s
75%
*108% 107
a-o
•
95%
68
/
F-A
19.72
-
75%- 70»/6 :
>(i08% 108%
U-N
*1950
1961
■
1
115
*93^
.
3-3
1948
:
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1970
95%- 95%
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>
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119
:'
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88
; 82
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1991
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,
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,
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113%
10
,
113 .•/
119
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3-J
105%
106%
107%
111
110% 119%
112% 113
3-D
F- A
104%
/
J-D
81%
3Va3^i-
f
105% 105%
106 Va —
59;
80%
53Va
67%
'■i
Crucible Steel
'
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44.
.
—
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—***1956
3s
-
•
-.78% ..78%
.
;
105
-
J-3
*—*—-1956
Baking
-
68
>'
72%
-
t
•
'21%
J-D
*-——1958
4s
52%' 54%'
■20
105
ACuba
1976
59.
•yZ:'kl
48%
1977
——
Power -1st
'■
a • -
_
*«
72%
J-D
Corp '3V4S_^_il965
non-conv
A Debenture
A
California Elec Power lst
3s
Calif Oregon
Power 3%s——Canada Southern cons
gtd 5s A~
Canadian National
gold 4%s
Guaranteed gold 5s
,*•"='
1
•
.ft,ft*
50%
53%
21 •
:
96%
65%.. 65%
;y
75%
—1977
4Si
Continental
102% 102%
J-J
i960
—.
Ry
A Debenture
Consumers
-U:
5s gtd
CigUr
83%
**100% 101%
•
v
;/
'
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-
-
88%
64%
77%
149
—
__
*——1977
debentures^
JAConsoi
!
78%
82 Vi'
56%
-
231
.
Tfo
cqll tr gold 4s
3%s
,
-
1st 4s
3%s
>:>7%
51
59%
J-3
1993
3%s debentures
debentures^
■
.
|j
v
dosm&ios%^
85%
J-3
Consolidated Edison of Netf York--'
:
•
'
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1993
f 51 seriel B gtd
f 4%s series C
Consolidated
82%
<56%
.
F-A
Conn Ry A L lst A ref 4%S———1951
Conn Eivef Powr% f 3%s A__-*„1961
101 '/a
105%' 105% Si'
"•
a
59 Va
1952
B_
>lst mtge 3s series L
104%
107 Vi
102%
s
i
i
,
Ry-
Commonwealth Edison Co-»-
100%
10
s
-
•
(
*101.
/
:
Columbus kH V' lst extl gold 4s__1948
Coluttibus A Sou Ohio El 3!As
-1970
Columbus As Tol lst extl 4s—i
.1955
•
106 V2
53
103'/a 103%
56%
103 Va
•
101% 102
96%
>40%
100% 100%
*107%
J-J
>
91%
1st
96
77%
Colorado As Southern Ry— • - >" y •
,/
4%s (stamped modified)-19RO
Columbia Gks & Elec 3%8 debs„_1971/
104
86
103 Va 103 3V
*106
F-A
1047
——
100
100%
87%
61%
lst
1st
103
*99 ;/ 99%
-100% 100%
—
/;
/
96%
-1966
i
101%
Dlv
43
3-3
-1963
As
L
88%
/-v
Cleve Short Line 1st gtd 4%s
Cleve Union Term gtd 5%si
99%
101%
M-N
mtge 2%s_1975
A Pgh
Ry
|f a Stamped modified (Interest at
||
3% to May 1, 1947) due
_1957
I; JBurllngton Cedar Rap A Nor—
Ii"., fAlst A Coll 58
H 934
129
•98%
38
>P-A
1950
98%
100
97
87%
1939
A Certificates of deposit
95%
2
A-O
"Lm®
-
12
100
St Louis
series
:•
.j/fy
*i'•
1994
Cleveland Elec Ilium 3s
Cleveland A Pittsburgh RR *>*'■
Series C 3%s gtd
/ Series D 3%s gtd
y
102% 103 Va
3-J
-1955
4s s f debentures
mtge 2 % s—
! 5U« ,° Nla*ara El 1st
Buffalo Rochester
91% >96
/ 102% 102%
>
-M-N
1970
80 ; a
,
As
84Va
64%
• 35
57
66' /('''>>
45 '%
-:•/ 57
> >38
> 45% /
96 >/ />//> 3; ■ ^^9(p Vrtf 99' -
-1994
;
lmpt 4%S series E
y. Cin Wab As M Div 1st 4s_
97
79
y ' 45%
J-3
j-3
As S'east0rn
General gold 4s
5s
45
63%
Ajpr
ref.4%s series D_.
General
t
98%
C
103
,
/
59
;■:> 93%
3
.
m-N
I960
> OfA
J'
24
V
99
100
3-J
73%
>
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;-'M 8'y<;*^'45!;-:>; 56%''
:wiA'f
City;/Investing Cor 4f':,debaira^**106l/
% 1
St
A-O
1981
si
]
82
97%-98
.1967
cons M 3Vis—
Bklyn Union El lst gold 5s
Bklyn Union Gas 6s series A
1
33
,
j Bklyn Edison
!
95 Va
*100
1955
ser
93%-
t
1976
73
61%
48%
219
49%
'v
1970
82
m
84%
——-_1951
Clfeve Cln Chic
92>/a
Jlf-N
74
84%
/
:
../84%85%
t-'
'ft 3-3
Apr
Apr
Cincinnati Union Terminal—
/ /T: / ,
/lit mtge gtd 3%8 series E
—1969
ft* 1st mtge 2%s set G
1974
City Ice As Fuel 2%s debs
1966
:
ht
63%
81%
3-J
-1961
wii
.
'1
•
:
Ref
-A-O
1960
Corp—
;
3-J
1951
lst 3%s_—1951
lst _VDw 4s BVSSC9 RR
mtge
series
J
3-3
3-3
1959
—
1st M 5s series n
1st gold 4%s series
62%
93%
T
—1950
Cons mtge 2%s ser I...
Cons mtge 2%s ser J_^_.
Boston A Maine lst 5s A C
:
,
M-N
—1951
—
2®?,cm9re£k E*tenslon
Bell
i
48%
72
61%-: 03%
49
63%
3%%
1 1047) due^_
| <
Toledo Cin Dlv ref 4s A
j Bangor A Aroostook RR—
'
83%
F-A
peh 1 ioro
W Va System—
R®' gold 4s extended
to
S west Div lst M
(lnt at
1
M-S
Pgh L E &
:
61%
49
M-S
to
.V :
94% 101
(:■ V;:;
":;";74
1996
a£b9 1 due
1946) due
A Conv
,,
72
2000
-
Ref & gen ser P
(lnt at 1%
«
101
■
.
«
95%
\
> 'f.V
A-O
*
to
due
Ret A gen ser C
(lnt at 1%"%
to Deo 1 1946) due
iggR
Ref A gen set D
(lnt at 1% to
It
64
ft
■'
1927,
As
lst As
,'j*
a*
—1962
fl AChilds Co deb 5s part,f>ald_i.i.-_1943
5 A Debentures 58 'part
paid^——1957.
tAChoctaw Ok As Gulf conis 5a—1952,
Cine Gas A Elec 1st mtge
2%8-~(uLl975
at i%
A.iHnt at 1%
1946)
<
t?
*84%*-86':?
:
J-3
Ry—/
„1988;
1st mtge 2%s>sef G—
Chic As Wfest Indiana conv'4S-
Baltimore 8c
j»-33%' 34%
■
,
.
" yi
-f H
it",-" rr
(-19991
stpd,/.
A Pacific
Chicago Union Station—
•
,102
104
(
>19 ^>'r98!*-100%»
10
•-
% i38// i3o %y:y/:-y-2;^"/iJ0:iv'j-( 14o^>,
138%
7
-
2 -->>ai2%vll4%y;
99
34%
Z*
-
114
i03 4J03j
;
98%
-
'1st mtge 3 %s>. series F——1963
j
3-3
-
^-a^_r_1994
ref M 2%-4,As——
Income 2%-4'AS1*
I:
-V
,
Chicago torreHalite
28 V*
'
.
'
/'Memphis Div 1st gold 4S———1951
;
$
■
4L-—1956//
4s—-L_
A Certificates
/il4'!Ul4/;^>-y/y>(8'v^>il2%';tl4%;V;/
•
il# kiW*
103
103
104%
-
105
96%
94%
•?•*•.
-
tvfV'
Pac RR—
Gold 3%a
41.
24,-;
-111
Jf-N
•
106
v.
143
-730 // / >/ V il % .V/ I26% r30"> ?•>
»122:y^.{-/>
*iS :^l24''v"T2A^yy:
ill
;
!,/i>48
■^•37'"' • ^ 40''r>/y
Jf-N
'lARefunding
118
>116% 119%
33
;
38%
,25
...-
k
Of deposit—-^
>
gdld 4s——i—^-1934
lASeCured 4%s series A——— >£-1952.0
A Conl
gpld 4 Vis——/1960
Chicago St-L As New Orleans 5s—1981
1318/4'
12
106%
.
AGeneral
I "f
.,
129
—'
107% 109
J-J
190®
108
*
>116%
2
*106%
July 1952
4s-
45
118: .t
118% 118%
;■
tChicago Rock Island
;
•
130% 131.%v
118
U-N
*e.fA Unifle<1 4%s A
■
NOV
11063
Atlantic & Danville
Ry
j *
A-O
11995
M-N
Adjustment
Paul A
1st. mtge 3s ser B—
t i A Chicago Railways' lst 5s
>25% partial redemption
99% /
95%
>
'
; .fl40%
1
twwrwiwe^
V.
i
Chicago As North Western Ry—
.
>
2nd mtge conv ihc 4%s__Janl
i999
106Va,.
94:,H,
:
>143
=V-'40
t
r >
A Jan 1 2019
inc Ser B——Jan 1 2044
4 %e cony
105% : V
6
St
mtge 4s- ser A—
Gen mtge 4%a inc ser
119%
105%
Milw
1st
-
113'/a
vC
20
95
'iii
104
.
63
>
mtge 4s inc ser/A_-^a,_-—1983
2d mtge 4%: inc ser A—
2003
Chic
>:
97%
104%
103%"
v,
RjM>"
Chicago ind & Schl 50-year
,=
103%
55
99
1995
/,
A
.
103 V4
101
-
823
r
:
:.vV" 100%
92
J-D
11V,;;
.
133% v
79
HI RR—
mtge ino (tonv) —2
...1997
v
1st mtge 3%s. set b_—
.—1985
Chicago & Erie- lst gold 5s,,
1982
Chicago. Gt West 1st .4s. series A___1988
AGen lno mtge 4%s
Jan l 2038
4
>,'124%
160
7
9&
1
«128
^
F-A
•A 1st
108 Va
:>#51%^
'* X/Y.%•
.
1st & ref
;
107%
•
97 Vi
100
lOyf/45
■
_,:.-
.
101%.
101%. l •:
t,: 101%
98%
..
V 106%%;'
104% 105% V.
->106 %'1'06% -/ .'f/'y .lO/"''! 'M05% "i9T(
v." /-laflg.
2d
f Chicago Ind A Louisville
100>/4
23
mt^ 3%aP.,'/
•«
108%
-
.
49
>:
108%
104
'
4
26-,'' '
i06
31
46
103%i63%
J A Chicago &
Z'V:
4
11—1962
debentures
;(
A impt
35'
26--
y(,^i'^'-r-'u-yio7'vyio7yy k
107
">
46
"40
26
.
13
,"
<71 i
1965-/
r&~ AGen
:"/Ju
*_i>y
y
-
34
coneoi.goia. 4si_—:__a—^J.08* *
Altblji RR/ ref"3s-uili.lS49 i f A-o
Chicago Butlington A Qulncy RR—
/ •
:{■ General 4s.——:
:
—;
1958 v„; 34
ist-.&^ref.; 4%s,i'seriea;-bi._iu-w*i.id77 /•,•
lst A ref mtge 3%s_
—1985
F-A
•' 160%
95% '- 97%
100% ?
100% lOOli
104
,104%..
107% 109
4i'-' 1
99 .4r-:
/>
A lmpt M S%s seriea E_
_1096
R Ac A Dtv lst cons gold :4»—--1989=
t 100%
;
5,;
^
i:. 125% 126%
100%
A-O
i> 108
J-J
"lofii
/
.
*100% loic'
mn
"
2%s conv debentures
j Amer Tobacco Co deb 3s
-
3s
:!r; 99
jgog
■: 2%s debentures
2%s debentures
|
v.
107% 107%
-i
M-S
K
debentures—~i:
5
A-O
195a
_
*106% 108%
J-J
*>
U993
£"e ?s <iebs_
1956
j*® 4s. ^or^«n Pow deb 5s——^.2030
| American Telephone As
Telegraph Co
f
3s conv
4,
F-i
s
-r
-
r
ioe% i06%:y
:"T04%f-104 VS"
143
98% 100
135" *>i7("8l*,t'
-22
*26%
/•
*.,7
.
Ry-
130
.
104% 104%
>sJ* -44
A-O
We.s' lst
-
'
deb 3s
<sa- Ohio
Chicago A Eastern
1*100
:
.
looyyioa
••
33% .37%- ;
32 C? 34Va'1 ;
34%:
>:'2Ty>>.
76/ •y";r^6%'!^;86
.75'
" 3i- 7r4o%yy
'
stamp (partial-redemption) >^1942
CneSayeaKft
i«> W*;
*101% 104%
—1947
7 *7
'
''66'%, ;1
26
>
'3i%y38-%y:/
'
F-A
•
'12 -17%f
,y 64
•
v'76%/'77;>-/,
38%
37%
A-O
-
30
>7-
#237
—
—1974
,
Mite
5866^Vi:vb>
t *
3-J
am*-
Cham
^ 99
.102 :
-84%
90
4
.-'18 •
2l%1
(♦18—20
>.?:
J-3
L
103 Va ,103% 7
•;36", ;:>/i2%.ifi7%y,:/
jtrO*Z
1987
X,
,'V-Vl
*'
;
96
A
100% 100%
>84% 88 u
external 7s.
7
railroad and industrial companies
..C°11 trust
ii&87 f
—
(4% %%6 AW
Tttef
Ref
-
=•*96 "-67%
|A4Vt« assented
(Adams
4s_
>103% 105%
12. ]'X 94M^102
19; ;>
57%,^07%«y
;
>
IA Central RR'dfc Ranking: Co^-
*"'.*'#3r
100% 100%
■
-
130
98 % 100
100%
28 :
;i62014 -v'-r
99% 101%
130
*13098%
374 ^^f1. COn^r6ion
1979
2*:4™,*»«s extl conv_t-»a_-,t»_i978
j:,4™"4#? extl readjustment.
1978
3%4 extl
readjustment
9%
10% vV
6% ' 10% "
2l
130
Jf-N
(AWarsaw (City)
3/4
097/
*130 >>**
vi:
($ bonds of 1937)—
External .readjustment
|>7f
i
9%
8%
*
,
f-a
1900
..
*2i T
'16 V
Jigo
3%s-4-4 Vaft
,
•
sink
9%
.
~
J-J
.
M-N
Jf-N
J-D
94%^. 94 Vi '
!'
A,'.^-^r-57 Va'; 58J/aVlZ
A5sregistered——i-1—^1987//-(
Central Pacifies 1st ref gtd gold 4s_1949
.list A ref series A
■••••-
<
I
i ■
^General
> A 4s registered—:
Central N T Power 3s__
,
to PlaA A
■
■'
..
-
*
'
78 >
72%
;v
14%
f 'V
central Illinois Light
19g> >
t A Cent New, EAg lst gtd;4«;
j
.1961.
1A Central of'N J gea gol(i6s:.-r--198>
■
>f
:r
:
A-O
k
108% 7
»
M-N V.
■
107
y iod
103%;•>-->
*73 rt"/:■ 79
F-A v "'
f
1959
High
>' 102%
'
10
•
s(>:V*sZi,7fci''
v,->: 105Va'105%
>•<>/ 10
I AMobile
>
60
* . ,1
t
.vc?y
*
■"
Low
70
•;
5
'
;y
n.,,1958 >
AChatt Div. pur money gold 45u«.195t J
Div 1st. gold 5»—
/
65
—■4,
60
1;
«
—1940
63
-
*59%
•
"No.
;}•1
:
103 %' 108 %' '/■' i
F-A
j-D
Range Since
.//(January 1 jjZ
7 >, Sold
Low" High
'* 102 % 104
103 5'a
A-O >
-•
0 F 1st gold 4s—1948
Georgia Ry—^ ,>
-
;:
*57%
»60
■
4
'
r- A
Branch
ICbntral of
,"/>
Bid & Asked
M-S
£. F-A -'-i
Ceiftnese Corp 3s debs
--———1965
Celotex Corp 3 Vis*debs——
..I960
;\. 42
Bale Price
'
v
r't-
Carolina Clinch & Ohio 4s_v
1965
Cart A Adir 1 lst gtd gold - 4«—1981
Week's Range
or Friday's
' / Bonds
Last
►>,
Period
Pac Rt 4% deb stk perpetual--.-.
Can
Friday "■[
yy':'
Interest
Exchange
7.
>;
36
36
V;
'
^1999
7s
'n^k- (^ reduced
32
37%
>>
J-J
2.25%) ***_2b04
Stamped pursuant
-
*30
34
^1950
,4
IA Secured
I
50
A
' Stamped pursuant to Plan A~
•>
» (Int reduced to 2ft)—*—2012
v
38
,
to Plan A
ass extl dollar loan
I
I
•
York> Stock
High
38
.
New
t
Low
__
*37
'
A
dnt reduced t<T2.5ft)**
A7s extl water loan
Stamped pursuant
"i£S«a«a
1930
Stamped pursuant to Plan
„
M-N
2ft )—**_**..S0I2
(State)
\C
No.
V BONDS
January 1
*32
f—***1957
Unt reduced to
2.5%).A8s external
j
*37
Range Since
Sold
A
Stamped pursuant to Plan
|
"
—
RECORD
!(,
Bonds
High
Low
pursuant to Plan A
lASan Paulo
:
■■■"
Jlf-N
Friday's
or
Bid & Asked
2.375ft >***3001
s
(Int reduced to
.
Bale Price
'I,';,/
to
ACyas extl secured
Last
Period
llAfian Paulo (City) 8s
BOND
WEEK ENDING MARCH 21
Week's Range
'
Interest
Exchange
FOR
-
NEW
97%
Volume 165
Number 4579
-
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW
YORK
BOND
RECORD
RANGE FOR. WEEK ENDING MARCH 21
_
Interest
Fork
Friday
bonds
Exchange
Stock
New
Fork
Stock
Exchange
Last
Week's Ranee
or Friday's
Period
BONDS
New
Sale Price
Bid ft Asked
Low
:
Lack
Delaware,
-N
Lack
Y
iy
,1st ft
ref M
Alncome
Morris
ft
5s
RR
Co—
ser
—1973
—1993
•Coll tr 4-6S-
Light 3s
High
90
58%
53%
—1973
5 A 1st consol -4s—
.
83
53
62%
May 12043
Grande RR—
IDenver & Rio
Low
No.
*
division
Delaware Fowef '&
Sold
High-
div
due
mtge
Essex
&
West
Western
&
Range Since
January I
Bonds
James Frankl ft Clear ls$ 48.
- —1959
Jersey Central Pow & St 2%a—1976
Jones ft Laughlin Steel 3 Vis
1861
88
88■*
104% 104 Vi
102% 103
109%
108
r.
.1938
i
§ACon*ol gold 4%S—_
1936
IDenver ft Rio Grande Western RR—
A General s
"
:
f 5s__.
v_,——1955
AAssehted V—;
'•
ARef ft
1st
>impt
mtge
Inc
Kanawha ft Mich 1st gtd gold As
1990
Kahsas City Power & Light 2j%s_„1970
■
,
series B<y—...-4978
3-4s
A
mtge 4Vis
ser
i—
,——1965
mtgfe 3Vis series G—-1966
,,-Gen ft ref 3s series H
105%
108%
106 %
108%
_\_1970
107%
109%
/Detroit & Mackinac 1st lien gold 4s^995
62%
66%
4s
52%
Stamped
54 *
110%
A Second
gold
———1995
Detroit Term & "Tunnel 4 Vi s_—<..1961
104
Det Tol ft Ironton RR 2% ser B—1976
Dow
Chemical
2.35s
92%
t§ ADul Sou Shore & Atl
94%
<31%
.—1965
105%
A
Ed El 111 (NY)
1st cons gold 5s.
Elgin Joliet & East Ry 3'As
105%
109%
112%
'
1st 5s
•
6s stamped
Erie Railroad Cd—
112
\v
'
—1971
:
Ohio
Div
1st
J-J
—1990
,
1st mtge income reg_,
*
198 f
112%
102% 102%
104'A 105 Va
2%
94'/8
,.1954
1st & ref sink fund 5s
5s stamped
90
stamped,—
1st ft ref sink fund 5s_
5s Stamped—
,
-
94
v,
Leh Val Harbor Term gtd 5s
105 Vi
.1954
:
1964
1974
.1974
1954
•101
Alst ft ref 5s series A.
j i.
A Certificates of deposit..
FrancistO Sugar coll trust <6s.
;
;
i
102
60
:^v-,aLoo%; loi
,
61
8
•
J.
•60%
65%
" 106
,
•105% 106
.
60:72%
:
'105
-V
101%
100
100%
iooy4 101 y0
100%
•100% -101. .101%
86%
,
85%
85 Vi
•83%
87
85%
•86%
..1964
Lehigh Valley N Y 4%s ext—:—.1950
Lehigh Valley RR—
4s stamped modified
—-.2003y 4s registered
—
—2003
'.•4%s Stamped modified—
2003
-4Vis registered .1;
2003
5S stamped modified—i
-v.—2003
Lehigh Valley Terminal Ry Vxt 5s.|951
Lexington & Eastern Ry 1st 5s
1965
Liggett ft Myers Tobacco 5S-.—1951
Little Miami gen 4s series A
1962
Long Island unified 4s
—.>.—1949
Guaranteed ref gold 4s
.1949
4s stamped <—
——1949
tWUlard (P) CO deb 5s
1951
105%
105
ifFldrida East Coast lst 4 Vis
j
3%
«
1
87
,
87
>85%; 87
71%
70 %
68%
70 Vi
■
•j
186
180
..1997
5s
,
100% lOb'A
105%
itf-S
M-S
f,Firestone Tire ft Rub 3s deb.
68'/a
'
.—1975
1st & rfef sink fund 5s_
1
102
v
92%
*
J-J
,—2000
;
mtge 3y4s.
102
A-0
1964 V
59
107
112'/a
3%s_—1997
.
—1953
V
81
J-J
—2015
1st Cons 2s ser H
v
113
73
4
Gen mtge inc 4%s series A.
1st cons mtge 3y4S ser E
1st cons mtge 3%s ser F
1st cons mtge 3yas ser G
122
Lehigh Coal & Navigation Co-'S F mtge 3%S ser A—
—.1970
•Lehigh Valley Coal Co—
«
106'A
El Paso
V
104%
104%
122
122 Vi 126
36
Terih Va ft Ga Div 1st 5s.
S W
•
1961
..1997
1964
1900
Lautaro Nitrate Co Ltd—
&
104
107%
"Like Sh ft Mich Sou gold
3Vis registered
East
103 %
101 Vb
gold.'58—1837
Duquesne Light 1st M 3s_
104y8 ,104%
104'A 104%
1961
;
unguaranteed.
Kings County El L & P 6s
Koppers Co 1st mtge 3s.
tAKreuger & Toll 5s ctfs
100 y*
IJ.961
„
104 Vi 104%
1961
Plain
4 Vis
*
.
•104 Vi
'
.—2018
w
Detroit Edison 4"S series F
Gen & ref
City Southern Ry 1st 3k
1950
1st mtge 4s ser A
1976
Kansas City Terminal Ry 2%s—-.4974
Kentucky Central gold 4s
1987
Kentucky ft ind Term 4%s
1961
1993
A wL.
ser
•101
Kansas
$8%
37%
>35%
38,
42%
.
41%
42%
•__
46
%
47
,
Gas ft Elec of
General
■
IA4s
Berg Co
Realty ft
conv
cons 5s
Utilities
•105%
SO
Corp—
lno debs
—1969
.
1
Goodrich (B F) Co 1st mtge 2%s.l965
Grays Point Term 1st gtd 58
—.1947
Great Northern Ry Co—
iv;General 5%s series B
77 ? ^B2
r;
102% 403%*
•
-
•62.;15
VlMVa
^115^115%'^ ;'
^
.
;
46
—1952
^.'. General 5s-. serles
.^1973
'
f
102% l!02%,y
i
£';
.1977
Gen mtge 3y8s ser O—
'.i s-Gen mtge 2%s ser P
Gen mtge 2%s ser Q
103% 103%
''98 si y'98;:''.
-
:'"'89% :,89%
-
—12010
'
Gen mtge: 2V4s
i:
.102%
s: •99'
12000
.1982
,i^%
!
/A Green Bay ft West deb ctfs A.—
A Debentures ctfs B
' 131
10
V.
'
'
■
I
Gen
V
97
108%
-
"08%
;
102 V.. 103 %
102
102
107%
111%
•112 y114
112
v
'|
j
1
77%
i
71%
:
;}
99%
102
/ •.;
90%
93
i.
}
j,
j
103%
105%
}
21
fi
>;
64
62
102y8104;
*
v
26%
■■■>'■ 78% "
86%
101%
100
1
I
1
>^;i03";:>7:61^'72%
I
; 9
^100%101,% %!\
•
•
Gulf
States
Util
M
1st
2%s
_____
•100% 100%
1976
Finance
Hudson Coal
1st
Corp 2%s
86 »A
53
18%
Feb 1957
Illinois Bell Telep 2%s series A
Illinois Central RR—
1981
•70
1st
gold 4s—
....
.1951
1st gold 3%s
1951
'
Extended 1st gold 3%s_.
—.1951
V : 1st gold 3s sterling—..—1951
Collateral trust gold '4s
^—1952
/ Refunding 48-_.._..-_^.ww_.*.^il955
<
•
Purchased lines 3%s_.il^.--..-1952
!vi" Collateral trust gold 4s_
.1953
1 •' " Refunding 5s_——
1955
1
•101%^.*.
101
loi
—
]r
•
40-year 4%a____
Cairo Bridge gold 4s
,'
ty
V|,
Omaha Div 1st gold 36
®t Louis Div ft Term gold 3s
Vl 97%
.1951
HI Cent
.noi
97
series
yy
•102-% 104%.'
-
101%
99 A
„
i:,>/;99% 1017/a
—
V1
57%
58%
V 97%
.
30
23%
23%
23%
53% .'54%
54 v 54
■■9
footnotes
see
page
1613.
..1944
-.1972
—1952
98
54 '•''■■■■
15
'161% 102%
'
la"
'
100
fl
v
117'-'-
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102%
" 100(8 100%
12
65%
30
51
69%
52
59 J/2
99% 102%
99% 103
100% 101%
55%
2iy4
■
30
53% Vi
—1956
International Tel ft Tel 4%s.
72%
64 Vs
99%
97%
,
V
61%
68
99% 100 y8
100%
100% 100%
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103%'1041A
105% 105%
•
v_
74
5
100 v*
1
i 102'A
105
97%
99%
103% 104%
106%
100
101
105% 166%
105
V
'
<
80
16
124% 124%
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•
73
84
8lVa
.
108%
•108
■
10
80
73%
,
64
100
100
•105 V\
58
Alst gold
4.
63
68
.
AAdjustment 6s series A—July 1952
jAlnternat Hydro El deb 6s_
103%
57%
70%
65
.
Alst 5s series B.
.-Int Rys Cent Amer lst 5s B.
103
59
69'A
91%
rl,V 82%. 85%
.9 vr;.: 98% ioi'a
<•-.
series C——..1956
85%
V
-
1932
i
—
57'A
•77%
V.
For
101%
101%
:t>91% ;98
36
i.V
58
•103%
105% 105%
74
1^88
A
;;ioo% 100%
103
:' "97%
tlnternational Great Northern RR—
6s
106
100'A
100
97
—1950
•
105%
100% 100%
98% 100
97%':
—1963
Indianapolis Union Ry €<*->...,.v Ref ft imp 2%s ser C
78
70
'
108
108
97%
1963
Ind 111 ft Iowa 1st gold 4S
73
84%
Chic St Lft N o—
ft ref 4%s series C
Alst
104%
78%
'99%'•
1st ref mtge 4s ser D
—1963
Illinois Terminal Ry 4s ser A.
1970
\¥
160%
■
*
•
102
95
•101 v: 103
—i—
''Vf: Joint 1st ref 5s series A.
vi.v-.lst
99%
100%
:
y»98%'f^y
.—.-——1951
-
103
101
71
101%
96% 100%
98A
—
>11':
97%
j ;. Springfield Div 1st gold 3%s
1951
■'(viv- Western Lines 1st gold '4s——1951
Registered-
;
r
71
'
v: 95%
'
•108
'
1951
> f Gold 3%s.v.
100
^
• 74
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,
yv
103
1950
V.
.},:
■95
r
v
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100% 101. >
99 % 99 % r
•100% 101'A-
Litchfield Div 1st gold 3s
1951
Louisville Dlv.ft Term gold 3%s_1953
;i
*70 -'
;
.1966
i
.
,
•
.
86 Vi
109%
63»A
23%
79
1957
AAdJ income 5s
t
v
109 Va
.1949
Hudson ft Manhattan 1st 5s A
11
139%
89 %
100 V2 102 »A
139'A
!1970
A...1962
f 5s series
s
Hudson Co Gas 1st gold 5s_.
102
100%
Hackensack Water 1st mtge 2%l—1978
Hocking Valley Ry 1st 4y2s
1999
15AHousatonic, Ry cons gold 5s
<1937
Household
!
106'A
102 »/a
^
7-ioi v:-103v.
67
v:
1951
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99
'97
v
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79%
mtge inc 4s ser B w i_—i—2044
.2003
—2003
104% 105 Ye
103
-
v-: 78%
Gen mtge inc 5s series A
—2015
1st ft ref 3%s series D_„_——1969
•
1961
115%
113%
115% 105%
i*'
l
:vi:
7% ,'-8
103
-
Greyhound Corp 3s 'debato^w^;Ar>.*-l959
v" Gulf Mobile & Ohio 4s series B
1975
'
91
«9
'
-'l,'
.
*
Divfcd gold 3s
Atl Knox ft Cine Div 4s
-1963
103%
113% 113%
I
"115%
i
.
■V
v.
.
1st ft ref M 3%a series F
1st ft ref M -2%s ser G.
«t Louis
v
98%
98%
'ser R ^...^u.^.1961
>
•"
132 ;
:v;l:'-^';v:.-:126V/8"l29v:
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: io5§rio6%
,13
102
104%
:
101
104%
10
' *96% ?98%
?
105 §2 10515
•
1
debentures
LouisVilfe Gas ft Elec 3'As
Lottisvillfe ft Nashville RR—
flrvr._\l#***■ >.
I32.',;,'132'.vv
.1990
E_—
Gen mtge 3%s -ser N—
V
101%,101%
•128% 135
General, 4 %s series D_——.1978 '•
,
:"»v.S:'4%S series
;v,v
,
3s
105%
105%
ii:
C) 79%
1949
103% 104
104
103% 103%
•103% 105" ;
110
—
103%
105 Va
105%
„
9
108
123%
109Vi
124%'
»
\
16\2
-V,7
Si> ! h:THE COMMERCIAL A EINAN€IAi;-CHRGNIGLE
YORK
NEW
BOND
t'*>
Wk far^ Mondays March 24,194 7
RECORD
"
RANGE FOR WEEK ENDING MARCH
"
BONDS
New
New
A
\
bs
A 1st
v
5'/as
series
Low
195*
deposit
3 Vis
Lake
92
85
—
7-o
0;
—
93%
93 Vi
Pgh Cine Chicago it St Louis Ry—
Cons gtd 3 Vis series E
1949
4
89
..
2013
gtd 4%s series I
1963
Cons
gtd 4 Vis series J
1964
72%
71 Vi
72%
120
71%
81%
/> 75Vi
76%
167
coll
A-0
76Vi
75
82%
A-O
85%°:
841/s
85%
87
83 Ve
92 V*
1997
JS
91 Vi
90%
91 %
58
90%
98
JS
10
91
94
88%
881/2
F-A
1998
76
";i*
"
.1998
F-A
.1998
F-A
.1998
F-A
*__
"*72Vi
72
Pittsb Coke it Chem
mtge 3s
E
F
ser
77
717/a
1
96i/a
97
A-O
.1988
mtge 2%s_1954
74 y#
75
—
72
J-D
.1980
1st
73 %
747/s
71%
■
931/2
931/2
N Y
Connecting RR 2%s
B
ser
A-O
1978
N Y Dock 1st
gold 4s
N Y Edison 3Vis series D
P-A
Mtge
Mtge
N
Y
4s
series
A
4s
series
B
Lack
&
721/4
Pittsburgh Consolidation
3%s debentures
Pitts Steel 1st mtge 4%s_
1st mtge 4%s series B
Pitts & W Va
96%
101%
I
J-D
93%
97%
1973
A
3%s......
3Vab
uct>
1
ANon-conv deb
Coal—
1980
1st 4Vis series A
100% 101
A 1st, &
:
:
1st
6s^
of
Port
4s
June 1992
N Y West it Bost
*
Niagara Falls
r
41%
25
1
'
i7yi
40%
:
Power 3 Vis..
*
J^f
1968
16%
ref
A
ref
,
42
If
1977
3Vis....
,
«
1077
.
198T
•
-
1984
3%s_
,
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:
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90
——
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105
92
.
,
89
——.
——
91%
84
3
91%.
103
■
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—
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103
'
127
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100
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2037
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104%
1 104%
%
•
•
84
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JS
.1973
4
,
90%
84
Jf-M 4
..1969
mtge 3s
mtge 5s
mtge 8s—
>
•'
;
'
JS ;••• '
.1900
-
'
■
91%
J-D
J-D
JS
1964
109%
108%
162
>
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164
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.
.
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V
59
104
/
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21
.
14
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«;Gen
;
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58
—
--
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f
15%
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>;io2%
•
103%.
108%
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JS
1949
A-O
US
96%-
4
__
61
.
496%
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103
4-
110% 113" 4
•
63
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96%
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113'
\>
1977
'
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28
19
63
.
103
104% 114
58
73
Corp—>;
mtge 3%s series H
1967
''
us
MS
44:t' II
us
10vt
1969
mtge 3 Vis series J.
11AR I Ark A Louis 1st 4 Vis
XARut-Canadian 4s stpd
IfARutland RR 4%s stamped
20%
108%
As
A
t'
Jf-M
Gen mtge 3Vis series t
40
if;
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vi
Jf-M
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[
.
coll trust 4s A
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33%
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R
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:<
105
107
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14
Reading Co 1st A ref 3%a ser D._ 1990
Revere Copper A Brass 3 Vis
1960
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!
4%
' 5%
/102% 104 y4
.,'".72 .v. 77
»''
.1IM
;
104%
io%
a-
?:>
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17
■
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*/.>>{
76%
39
-
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v>
93
15 Vs
US
.
ref
A
> 15% : 20%
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'/
.
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r
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34
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53
■
—.
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1946
102%
|
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103%
43%
70
36%"
' 127%
1
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«■ "
F-A
1943
1st 4Vis
107
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F-A
<
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34
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116
160
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37
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it
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37
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39
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35
._
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.
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39
J-D
/
1963
1974
Public Service El A Gas
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25
36
41
69
Jf-M
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1949
.
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...
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ser
C
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Co 5% Inc deb
gen
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34
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series
5s
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4%s series C
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gen 5s series B
1st
107
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■
.
''35
' "37%
•
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M-JT
——1955
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Light 1st mtge 2%aU975
N v
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10Q1
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Corp 1st 3Vis
1963
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.1937
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1
1937
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;
*
A-O
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F-A
1st
:•
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37%,; .'
34
38
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_1954
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4s
*
85
.
Chester—
,
A
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38
J-J
1927—1967
>•
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A-O
1957
River A
'
.;,^.!36%
J-J
1940
4s
ref 4Vis series
IA Harlem
.
trust
*—
75
116
15
-
105
105
*_.
I960
1st
•
J-J
.
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ADebenture
.
:v..;
Jf-M
—.1956
ADebenture certificates 3 Vis
.1956
AConv deb 6S_
2—i—..—1948
4
^
72%
14
:V
,
mtge
1st
106%
v
'
11
mmmm
121%
H8-
11
'/
°
;103%
A-O
103%
105
~i
■
117%
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J-D
Pitts
103
...
110
:
116%
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.
1989
105%
112%
110
_.
——
118
116"
105
J-J*
J-D
\
1965
102 ii
1
115%
1
•
120
100% 100%
J-J
1955
1st
101%
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1
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A-O
..1955
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10631
105
115%
—
*
.
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105
>106
;
JT4I
t
4s__
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■
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1
106 8i
,
jr-9
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"
4
102%
105
....
Jf-M
,
A.-v^.-conv
102%
Jf-M
IN Y New Haven 8c Hartford
RR—
A Non-con v deb 4s
1947
ANon-conv deb
102
106 ai
J-J
^1973
series
53
102 JS
Jf-M
J-J
"100%
121 %
116
116
MS
'
1950
13
*104 jji
F-A
2043'
4 Vis series B
(.
102
A-O
—2043
West 4s
100
«
102%
A-O
1951
1965
1st lien it ref 3Vis series E
1966
N Y Gas El Lt H & Pow
gold 5s.:..1948
Purchase money gold 4s_;
____i949,
N Y A Harlem gold 3 Vis
2000*%
,
100%
!'•' II
116%;
*118
116
High
—
*..
4.
1st
__
Low
:
*11
A-O
A-O
'
Range Since
January 1
*
No.
81%
•75
'y/-
75
'
Sold
High
*119%
•
J-D
r
1
.,
■
__
-
Pgh Cine Chicago & St Louis RR—Gen mtge 5s series A
.1970
Gen mtge 5s series B
-.1975
Gen mtge 3%s ser E
1975
Louis—
1st
1960
1957
Cons
•Bonds
Friday's
or
Bid & Asked
*103
F-A
J-D
Jf-M
F-A
F-A
Jf-M
1953
95
.1997
ser
gtd 4s series F
gtd 4s series G
gtd 4s series H
97%
2013
registered
mtge 3 Vis
Cons
Cons
f-a
1998
.
Ref
Period
93
5
Last
Sale Price
Exchange
92
gold 3 Vis
3Vis registered
Mich Cent coll
gold 3 Vis
3Vis registered
New York Chicago & St
«.
Stock
Cons
1954
Week's Range
Interest
High
87
85
York
Low
—
A
Hud River 3VaS
Shore
Low
No.
90
*83
?.
M
-
88%
High
♦—
—
Ceutrai RR 4s series A
Ref A impt 4%s series A
Ref A lmpt 5s series C_.
&
>
P-A
Sold
New
"
BONDS
-
Range Sinee
January 1
Bonds
Bid it Asked
*
N Y
Cent
Friday's
o
^Certificates of deposit.
it Y
or
deposit
4%s series D
A 1st
Sale Price
Friday
' *
Week's Range
Last
Period
105f
of
A Certificates of
.
Exchange
0
series
Certificates
Friday
Interest
Stock
Orleans—Continued
*»lst
,
York
21
1934
•
SV'
109%
.i4;V*107%4.-~ "4:4:
.4
*108% 110% 4
v4;4:48y4 49%. 4.
JS
110
loi% no.'
^
MS
1949
1941
4 * 109 %'
•—v-
•
JS
4
io
,
—
10
10
11%
44
32
11% 44
52 %
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4-V 1
4 2
„
10
,
♦
13%;
4ll-:4;4l5%'«';
j
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A Gen mtge 5s conv
inc
2014
Norfolk & Western
Ry 1st gold 4s_1996
North Central gen St ref
5s_.__
,
,
*
Qen
A-O
St ref 4Vis series
1974
1997
Jan 2047
Q-J
Q-J
Q-F
2047
Q-A
4s
* Ref it
impt 4Vis series
Ref it
impt 5s series C
Ref it impt 5s series D
,■
Coll
A
2047
2047
1st mtge 2%s
mtge 2%s
1st
(Wise)
1st
40
38
11
109%
109
>102
J-J
73
69%
100
'
66
68
99% 100%
109%
37
76
.
72 y4
95%
101
1st
102 %
102 % 102 y«
5
100%
103
102'/a. 102'/a
101% 103 ;
5
101 V8
102%
103
M-f
59
100%
103
1974
F-A
—1975
A-O
102% 103%
1964
Jf-«
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mtge 3Vis
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103%
22
a
1st
,
102'/a
Champlain Ry—
4s
1948
J-J
If-I
ri«t mtge 2%s
1975
Oklahoma Gas & Electric
2%s—1975
RR 3s
ser
A
15
.V ;-14%
F-A
1960
15
'
106
106
19
1999
4
1st
it ref mtge 3Vis
series I. .—.1966
1st it ref mtge 3« series
J—.
1970
it ref M 3s series
K—
1971
1st St ref M 3s series
L—.
1974
1st St ref M 3s series M
—1979
,1st it ref mtge 3s ser N
1977
1st it ref. 2%s ser
P„_
1981
Pacific Tel is Tel 23/4S
debs... —1985
2%s debentures
Paducah & 111 1st
<-
Union
Oil
•'v
Socony-Vacuum
inc
conv
Pennsylvania
1
1
,,
Gtd
4s
Oil
Tel A
3s
s
f
:
-
v,
./
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gold
'
105% 105%
104%
28
104%
106%
i960
E
trust
1952
ctfs_..
Jf-M
'
4 51%
56%
107
J-D
1995
series
D
/
104
P-A
J-D
109
115
A-O
JS
1947
Peoria & Eastern 4s «xt
A Income 4s
A-O
JS
US
i960
114%
125%
34 4,,
107%
5
107., •118^/4
4
100%
4
95%
*70%
1
.
1 V'
101 '
72%
35
1st cons gold 5s
4s series A
A
gen
J601** * Pekin
Pere
Union Ry S%«.
Marquette Ry 3%*
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PhiJa Bait it Wash RR Co—
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*
—1574
D—
34
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1974
A
gen
1st
Oil
&
Co
6%s
gold 5s
-
•
1971
1st it ref 23AS_.
FLAPhilipphje
ACertificates
Ry
of
•
f
Pittsburg Efessemer
^"°r
1974
104 y4
US
104%
3-D
J-J
& L Erie
page
107%
104 y8 104'/4
104% 104%
104
104%
103% 103%
US
As—*—.1937
deposit.
2%s debs—.... 1964
fooinates tee
107
107%
1224.
-
10%
,
-4
4".
JS
Ki
:
j-d
2.
.-?■/
•,-<
*
15
8
4
103%
101,
; 100 4
89 y4
>91%
94%
126
120 %
JS
*105
A
106 "
'
F-A,
js
99
-4;
.
:.t/
105%
4
56%
y.
3
106 y8
99 4
93
99 Vs
98%
102
102'
\
6
102
20
101% 102
,
>
104%
44
v
106%
.106-
/' '%
-
120%
,6
" "56
56
128
103%
116
116%
102% 103
;
Jf-M'-'
101%
6
*116% 120
,102%
Apr
v.
122%
82
,
94%
91
11
120
Js
Ref A -imp M 4s
sar
C
„
>8
39
8
-?
V
1888
; ,y.4
,
"130
102
108
103%
:
.
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:
<f;
>4,
A-O
■p,,-
.-'-'V'/x 128% 128% V>:v,rT7 '.>.J 127%; 128%
104%
105%
.IO6V4; 107% ,!?.
-I; *io2%'':;i4;;/;x
ky'i- —
A-O
1890
>
T02:;lio2%
97% ' 98
J-D-:,.yN.
104
v
4 /
J-D4vC
\ ,AAdj income 6s
.^Jan 1960
Tol A Ohio Cerlt ref A
lmpt 3%*__l9C0
Trenton Gas A Eleo 1st gold 8s^__1949
7-
l03%;104% vy>
,
97,^ >«8% >;•
130%
76-(
•
132%
102%- il04.%
i;!
103
100
J>-D
MSyyP
t
64%
A-O/v-"
.
100
I >,69, V'f
"100%
/; 58%
65
58
,>*: :»%
98
>104% l-06v'«.v.»
*
98% IOO»A
500",,-/
*98% >
MS.ii
V
132% 132%'-"";** "-4"
J-JfeiVt. t
Trl-Contlnental Corp 2%s dsbs._1061
i
"V ,,
,
>4.:;u >105% 105%:;3 y",
107 >',,106% 107 ;C. >4%; 6 -4,
Jf-M
-
-if
r
•'*
104
69
-
V 106
-
!)
4
i
1
104-h
105%'
103%
r 101%: 101%
I
%" 25
101% 101%
104%
.
.
U
.
9y4 ,14%-.
9% .i ll %
103%
104%
.*'(*09%, 160
'
y.l
104%
102%
•
-103%,103%
.
/
,
Texas Pacific-Missouri— -w.v
• ,.
Pso Tenn RR of New Orl 3%s_1974
Third Ave Ry 1st Tel 4#
-..I960
4
A-O
..1870
,
-
106%
103%
JSpy.:}-
.3018
—1858
Texas A' Paclflcr 1st
gold 5e——.2000
Gen A ref M 37/8s ser >.
.1885
75%
106%
-
)
85%
2
114%
v-\:
A-O
1972
:
17
>114%
A-O
.1971
85%
92%
101% 102%
114%
.
4
106%
:
20
4125%
102%
JS
IMS
debs—
.Ref .A imp 2%a series "
Texas Corp 3s deb.
Texas A New Orleans MM—
/
1st A ref M 3y4s sear B
1st A ref M 3%s ser C
*
122. 4 126%"
28
'
104% 104%
ioo
4
*4 13
12%
*9%
104%
;
105%
9
98
ioo
85%
r
A-O
1988
102%
95
'96
.54
91%
T
39
101%
•
J''" 16
_
2% 8—1996
1613.
12%
-v:
100%
183 ;
96 ya
v
If r /. Terminal RR Aisn of MIYjOUia—
.
J-D
-Z——.1981
1st
—
; pWU'ps Petroleum
JS
19*J
-
106
'25' V
130
122
:• -
2
109%
*104%
102
92%
A-O
1998
(N J) deb 2%s
2%s
100%
;
107%
>96
112
96'/a?
105% 106
85%
122%
F-A
J-J
121967
ref
*' —i. :•
"
101% 102
•..
}st & ref 2%s__
1st &
.-
Jf-«
.1977
Phua51PS!a S? coU tr AV*a
Co—
__
-
C
Philadelphia Electric
j 1st it ref 2%s—
^106
••.
I960
.
"
'
P-A
*
91
1956
6s
,
!
95%
•96 ..,
105%
1986
1994
gen
A
Standard
101%
;:«5%
35
'
■
'
y 96 %
JS
ASpokane Internet 1st gold 4%s_2013
.Stand pll of Calif 2%s debs
1965
118%
31
62
.
"97
100% 101%
'
95%
,
38
101 a
»
JS
1st gold 4a_
_-19ftl
Southwestern Bell Tel 2%s debs
1985
118 y8
53
95%
96%
4101A 101A
Apr
101
103%
107%
4
A-O
—Apr 1990
1998
.1961
G.
•Swift
107% 107%
107%,
y4
102%
97
>
"8unray Oil Corp 2%s debt
100% 101 ya
v%
99:
10
1985
ser
m
103%
102%
13
1950
106%
107%
J-
4
•
•
108% 109
Jf-M
mtge 2%s
97
•
111
,
;
102
,1981
104%
102%
120%
,
99% 100
*126%•/.-..
JSk
4
104%
131
107
76 y2
19%
-.478%
JSyYi,
4%s
104
101%
J-J
A-O
107
F-A
8t Louis Div
64%
19 '4.
99%
21
-
104
4 14
107% 109%
114% 116
97
.1954
M
Devel
108
102%
u-, ;
w.
Jf-M".
Southern Ry
106%
4:"'
96%
68 y2
4. 18%
4/94%
V; 98 ya
19%
-197S
105
3 4,
*102%
121% 122 '
J-D
19«5
102
104
102% 102%
Jf-M
1981
.
107
104%
105% 106
Jf-M
3Vis
451%
3
100
1977
1st
>,.-i
106
A-O
1945
139
107
*102%
A-O
;. '
[
57%
09% 100%
4
r
;st.*103 -4103%
,
J-D
1960
Mem Div
A-O
78
143
4.
.1985
(Oregon Lines) A
Devel
106%
72
...
98%
i-v
99%
4%s
Devel
I.
•i;44;>;|
:
>'w;
Tel Co—
debentures
Pacific RR Co—
1st mtge 2%s ser E_
1st mtge 2%s series F_
»-.
•
debs..
•
v
Southern
104
101%
*104
; ^ Oen titge 3%s ser F
; Peoples Gas L A c ref fts
*
102
15
*106%
105%
,
•
102%
102
MS
stpd dollar____MayTl948
Cons sinking fund
4%s
i960
General 4Vis series A
1965
General 5s series B—
jowi
Conv deb
109%
i
&''i>4ei'4*.70
A-O
San Fran Term 1st 4s
109
107
A-O
Gen mtge 4%» series I
.>:
108%
107%
J-J
4s
4'As
107
13
13
1955
sterl
General
35
5S.1940
debentures
Consol
107%
cons
Pennsylvania RR—
■' t
109%
107% 108 y8
107%
*102% 103
J-D
_
1
107
107
J-D
Pennsylvania Glass Sand
3%s—1960
Pennsylvania Power it Light Co»1st mtge 3s
,1975
-
5
70
96%
J-J
.1961
gtd 5s._
88
488;/4
130% 130%
*18%
si F-A
1985
-1975
2%s
I
100% 100%
71%
,A-0
1941
85
79%
3§
4
•
JS 4
Gold
108%
107%
4107
J-D
Co—
series
107%
J-D
-
Pennsylvania-Central Airlines—
3y2s
J-D
103%
71'4
172
4': 40
40
.
Gold
108%
107 % 107 %
J-D
F-A
J-M
South A Nor Ala RR
1st 4%s
...:
Si Sons 2%s debs 1988
2%s debs
1971
102%
106%
87
182
4
:
..
*112
JS
106%
3
88
79%
F-A
100%
102%
102
/.4 83 .>
85 ../
.
75%
:
J-D
1935
101
%__"'-
4%s"
f gold
s
*
t
108
y 84%
9010
105%
106% 106%
1986
Paterson & Passaic G & E
f;
*
J-D
V 86
JS
1995
ser A
Southern Indiana Ry 1st mtge.
Southern Pacific Co—
; r
J-D
-
103% 103%
*83%
JS
*129%
15ASilesian-Am Corp, coll tr 7s
Bkelly Oil 2%s debs
■>
107% ;
Co—
1st
103%
JS k
*106%
2% debentures
A' Electric
US
US
3s
Gas
57%
A-O
Southern Bell
Pacific
92%
47%
1985
20
106'/a
86
476
1971
; Ma
I k: 2
101% 101%
...
A-O
105 V8
371
1941
mtge 4%8
4
90
92
100
50%
Depot 3y8s B
Shell
■
14%
,1,
m
>106% 106%
;; 101% 102
A-O
—
Oregon-Washington
certificates
Seagram (Jos E)
1974
Ohio Edison 1st
mtge 3s_.._
>
87%
ISASt P & K C Sh L gtd 4%s
A Gen
105%
90
97
5
49%
50%
Scioto V A N E 1st gtd 4s
Seaboard Air Line RR Co—1st mtge 4s ser A
107%
104%
"85
1
86.;
'87%
JS
36
4 1
v
*99 y4
y
8t Paul Union
.
104 i/a
105%
90
:
4s inc bond ctfs
Nor 1989
§ Alst term & unifying 5s
1952
a Gen A ref
gold 5s series A
1990
St Paul A Duluth 1st cons gold 4S.196S
104%
90
k-JS'k
1997
2029
•-
1A Seaboard All Fla 6s A ctfs
A Lake
guaranteed
bond
JS
104% 104%
485
85
A-O
1985
104%
JS
A 2d
/■
lOgdensburg
4s
jr-M
1990
1996
gold 6s—
St L Rocky Mt A P &s
stpd
St. Louis-San Francisco
Ry Co
4 1st mtge 4s ser A
2nd mtge 4'/as ser A
VlSt Louis-Southwestern Ry—
113%
70%
69%
-1971
2d
128
109%
.71%
69%
126%
128
14
Baguenay Power 3s ser A.
St. Lawr A Adlr 1st gold 8s
136 Yb
126%
109% 109%
4 73 '-
43%
132%
r:
■
(Minn)
,
135
128
J-J
1975
,
*—
J-J
2047
trust 4Vis
Northern States Power Co—
39
135% 135%
MS
Northern Pacific Ry prior lien
4s_.1997
;
38 %
135%
MS
A_—
registered
Gen lien ry & Id gold 3s
3s
registered
39
A-O
1974
,.,
.
v
/
Union Electric
Co el Mo 3%s_—1S71
lst mtge A coll tr 2%s
_..1975
HAUnion Eley Ry (Chic) 5s—..1945
Union Oil of Calif 3s dsbs
.....1967
; ;
2%a debentures
Jf-M
A-O
A-O
JS y
;
,
111% .111%
—
V
i
{103
.
,103
.
,•<
—
.
ioto
JkD
2
> 15
*111%
,>103
112%
.>104%
%v; *29% ,314%.V,'U-f+Jic 'i.4-^
,
4
•'7
105% 10
>5%'; '.6 • ; 104V4 105%
I
.! 104%/^lOA
104%
;13 4:102% 104% >
-165- - Niisiber -45 79
.Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
I'.
V
NEW
YORK
BOND
;
YYrYY
*' \'y
V<W
•;7N'
>'4\
>
'iff3
-v
RECORD
RANGE FOR WEEK ENDING MARCH 21
Friday
Last
Week's Range
or
Friday's
Bonds
Range Since
Sale Price
Bid & Asked
-Sold
January 1
Interest
BONDS
.
Period
Exchange
Stock
York
New
Low
Pacific RR—
1st & land grant 4s
2%s
debentures Ref mtge 2%s series C
United Biscuit 2%» dshs—
U S Rubber 2%s debs.
Universal Pictures 3%s debs
Friday
High
Low
No.
;
V
bonds
New
York
Stock
J-J
1976
F-A
1991.
AT-8
1041/4 104%
97% 97%
.—.1966
A-O
*102 Va 103 Va
1976
Af-N
100 Va 100 %
1959
US
102
„
10011
100 i J
100 32
31
Western
103 »A
1
106 Va
97
103 Va
4%s inc ser A
59
100
100 %,
85
100%
102%
102%
3-D
MS
1951
M-iff
—1971
83 "2
80%
r-h
1957
Virginia Electric St Power Co— > v * y
1st St ref mtge 2%s ser E—..1975
Va Iron Coal & Coke 1st gold 5s__1949
Va St Southwest 1st gtd 5s_
2003
109
P"
65%
1949
M-S
*105%
1992
M-S
101
MS
104
103% 104 Y
MS
*100
*
14
103%
1970
MS
Wilson
1958
A-O
1960
J-J
*117%
1949
3-J
66%
100 v*
J-J
7 111
.111
10
109
111
1968
A-O
'105
105
2
103
106
1995
Af-N
105%
106%
105%
2%s
series
A
17
& Co
lstmaortgage 3s
Winston-Salem
1st 4s
SVB
"41A Wisconsin Central 1st 4s
'
105% 105%
M
A Certificates
of
A
•
Certificates
of
;
87
101%
103
101%
102%
* *"
76'/a
68
72 Va
■'65%
j;: 10
in*
lftfil/4
100
101
104
105%
104%
105%
117%
117%
*-
101
105% 105%
26:'
Wisconsin
Public
/V
MS
1936
20%
..
tlO
82 Va
73
66
66
20%
19%
—
19
*18%
2%s
1976
T-d
3 Vis
1971
3-3
Yonkers Elec Lt & Power 2%s
1976
65
68
20%
deposit
Power
Electric
<
104% 104%
*__
Service
Wisconsin
Wabash RR Co—
105%
deposit
5ASU & Du div & term 1st 4s
W
l".
104%
100
•
__
ref
9ft
1
66%
&
90%
7P%
m%
75
15
6fi
66%
Gen
103'/a
79%
102% 102 %
68
Wheeling & Lake Erie RR 4s
109%
101%
"'Iy
J-J
M-N
*109
25
68
J-J
Registered
106 Va
166
101% 101%
MS
•
109 %
104%
-
83%
2361
2361
*
High
108%
90
85%
y.
Low
3
152
■■■;.
84% -90%
89%
January 1
17
y±:
,
105%
102% 103
90%
■
Range Since
Sold
No.
Wheeling Steel 3% series C
1955
Virginian Ry 3s ser B
May
1951
debentures
Bonds
High
105
Af-N
1960
30-year 5s
2%
5s_
K
1950
West Shore 1st 4s guaranteed
cons
Range
Friday's
108% 108%
V A-O
2014
yr Funding & real estate 4%s
25-year gold 5s
;
1st
J-J
..1952
Westinghouse El & Mfg 2%s
Vandalia RR cons g 4s series A
Cons s f 4s series B
or
Bid & Asked
Western Union Telegraph Co—
98%
102%
102%
Pacific
1966
Maryland 1st 4s._.
Western
100U 101 Si
•;V; 16
Week's
Last
Low
West Penn Power 3%s series I
1947
,
Sale Price
Period
High
Union
■
Interest
Exchange
23%
19
*100% 100%
100%
101%
*109
-J.
109
109
100
100%
J-J
*100
100%
■
-Awr
mtge 4s lnc ser A
__Jan 1981
Gen mtge lnc 4Vis ser B____Jan 1991
,1st mtge 3V4S ser.B
1971
Walker: (Hiram) G' & W 2%s debs_1966
Walworth Co.conv. debentures 3 % a_ 1970
Ward* Baking Co &%s debs
.^'(subordinated)' ——.——,.1970
Warren RR 1st ref gtd gold 3%s—2000
Washington Central Ry 1st4s
194f
Washington Terminal 2%s ser A..1970
Westchester I*tg 5s stpd gtd
1950
Gen mtge 3VaS
:
1967
Gen
91
'
"
•
7,90%
86%
Apr
91
M-N
99Va" 99%
99%
MS
99
99%
^
36
18
105 Va 105%
-
;
102 Va
Y 99 Va
—\
•'
94
92%
84
-
99'A
99%
23
;.
—r
90%
?' / 22
100%..,
:
*100
.*#/ A
9
87%
86%
96 Va 100
vr
*
J
.
}
i
>
■±
:
-
A-O
'105%
F-A
*r'-
*52%
.>
—
*100%
Q-Jf
-
F-A
-
53%
"
•
'
Y-V;.'.
10MA
delivery sale
not
the year's range,
included
in
the
year's
n
lnoluded la the year's range,
d Bx-lntersst.
Under-the-rule sale not included In the year's
y Ex-coupon.
--.-—v
Odd-let sale
•
range. »r
not
Cash sale
range.
-
f Negotiability impaired by maturity.
tTh# price represanted is the dollar quotation per
Y pound unit of bonds. Accrued interest payable at tha exchange rate of $4.8484.
n
,
#00-
tCompanies reported as being in bankruptcy, recelYsrshlp, or reorganised under Section 77 of
or securities assumed by such companies. ...
-
,
> the Bankruptcy Act,
1131/4
113%
5
••■■;.
'•!
sl03
103
107'A 107'A
3-D
:
j
5
113% 113%
:
•
60
100%
—
*101% 103
3-D-
107%
105%
54
Deferred
Included in
not
<
106%
•
i
107 V*
<
Friday's bid and asked prices; no sales being transacted during current week
A Bonds
;
selling flat.
iilllliiiNEW YORK CURB EXCHANGE
.
Y7 R^i^^li^SWEEKiT' ailD YEARLY RECORD YYY'YYYYYY/'
tho wook, and when eeiling eatslde the regular weekly range are shewn
- '
•*
NOTICE—Cash and deferred delivery sales are disregarded In the week's range unless they art the only transactions of
a footnote In tho week In which they occur.
No account Is taken of such sales In computing the range for the year, 7
in
,4";: In the following extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
Marll5, and ending the present Friday (Mar. 21). It was compiled from the daily reports of the Curb Exchange itself, and is intended to include every security,
whether stock or bond, in which any dealings have occurred during the current year.
. "
'
•
'4
,
FOR WEEK ENDING
RANGE
Friday
York
New
Curb
Sale Price
Exchange
Par
Low
v.77
High
77 Low
Alloys
III
common
.10
Aluminum
Acme
Wire
Adam
Hat Stores
Co
Products
Aeronautical
Aero
Inc
Mfg
Investors
Corp
Mfg
Alabama
Power
Airlines
Alaska
Alles
Allied
Inc
Products
2%
1,100
7007
10%
600
10 Ve Mar
6%
*
7%
6%
;
4
conv
Goods
Industries
Aluminium
Ltd
5%
9
106
4
1
8%
100
85
Jan
92
106
Feb
108
7
18%
8% Mar
19
66
69
4
15,*
,250
*
1
Co
3%
100
>'80
-25
7
102%
20 Va
3%
2%
Jan
70
7 Class
:
i
B
—
__1
-
American
&
10
45%
Cyanamid Co common
American
5%
Fork
&
Hoe
American
Gas
&
Electric-
American
$2
$2.50
...
General
Corp
common
preferred
convertible preferred
American Mfg Co commonMaracaibo Co___
American
American
$^ I
u
j'-"'
|*
v*
i
s
r
American Thread J5%
v
u
«i
i
.
....
•Mi
*:
ull
»
i
V Common
.
■
-
21
;
1:
_• ;
"r1
.,-X Associated Laundries: of. America..
)'•
Associated Tel-& .Tel class A
.
4>A
Feb
44
Jan
8
43
>
43%
Feb
19%
58
.
V
;
•
77' 7%
-
8%
114
?'*
-100
: 6
;
7
5%
10%
••
75/a 5% 7.
4%;
5
'
5%
5%
•
10%
; 112% 112%
12 Va
12%
^
.11%
11%
111:.
1%
6%
f
6%
Feb
Feb
9%
Feb
9V2
;
7.120
1,600
'■ Mar
■
A-
-
•
>
;
114% Mar
8%
Brown:
6
Feb
4%
Jan
1,10©
10%
Jan
10
lllVa
Jan
12
Jan
147/a
10 Va
Jan
12
•
10 Va
Feb
(11
Mar
B
40% Mar
11%
.iiM 200
»•!-!*" ■•
*
10%
If *
1
500
1,600
'..IV4 Mar
4%
Jan
,-7 --5%
11
Feb
Feb
10% Feb
Feb
6% 'Feb
6%
25
'
7%
Feb
Jan
20 Va
Feb
15
200
7 Va Mar
19%
187/a
19%
1,600
20
19%
20
1,100
I8V4 Jan
19% Mar
7%
7%
Y.
19% --Jan
6% Mar
200
17 Va
'
■
8% Mar
24%
23
•
Feb
Jan
% '
10 Va
3%
Mar
180%
"19%
Feb
23
Feb
Feb
35'A
Feb
2'A
Jan
2%
Jan
.20
Y
"2%
4,100
24%
100
3%
55%
55%
450
11 Va
11%
V/
6,900
3%
55%
,'v
Jan
Jan
14%
Jan
Jan
30%
22 V2
55
Mar
131%
Jan
33
Feb
YYXir.Y
2®
Feb
56%
126
100
Jan
Jan
4
Jan
45
'
Feb
Mar
11
*
11%
Mar
55Va
;
300
25%
25
.
3%
400
3 %
11%
9 Va Mar
•A 9
200
9
Jan
24% Mar
Jan
22
100
10%
9
9
Fen
172%
19% .19%
2
2%
700
3 Va
3
3
—•
37
Feb
Jan
Jan
Feb
Jan
15'A Mar
20%
•
16%
*
—*
20 Va
4%
22%
Jan
16
Mar
20
Feb
4
Jan
25
Jan
8
Feb
10 Va
22
Feb
22
Feb
Feb
2,200 V r;
4%
8%
20 Va Mar
2,200
16%
16
17%
2,300
20%
8 V2
..
200
1C*
33
Jan
23 «A Mar
25
Jan
Jan
21%
Jan
Jan
20% Feb
<
II II50
■'
18
>
19Va
"tl
;
21."
20%
20%
21
20%
100
.
■-
\i
■
26%
'
26
r2%
-
t
Distillers-———*
Rubber Co common..
—*
Forman
.
•;>..
1®J
17'A
......
17 Va
8%
(EL) Co common
Bruek Silk Mills Ltd-—
\
Buckeye Pipe: Line
;
r-r_
Bunkwr hhi sc Sullivan——■ w
Burma Corp Am dep rets—
■
Burry : Biscuit Corp
——lavsa
Butter (P H) common
—-*$•
11%
11%
11'% -,u
19
18 Va
4%
Feb
Jan
7Va
Jan
-
Feb
-
2% Mar
21%
-
1,500
Feb
27% Mar
Mar
2%
15 V2
,.r
900
.78a
.
4 7
26
>
50
200
2%..;.
2%
17%
26%
Jan
:
-'.:• 400
23%
Jan
Y
ri
23%
26%
36
.
'
4% Mar
"
•
1
Jan
13
i;>
Mar1
5
3^3p0
5%
5
^
—-
Feb
42%
.11 'A Mar
6%
8%
Ltd—
—
350
—
*
471/4
Mar
39
3,100
40%
Feb
9
Feb
Jan
.39
Feb
47
25
Feb
26 V*
Feb
711%
Jan
12%
Feb
•
1%
5%
13
■IV*
53A
12%
1%
:
6'A
13
800-'
.1,300
19
-
i
-•
:
10,800
1,800 :
900
Mar
-
.
Bruce
Feb
Jan
81 Co
Am dep rets ord reg
i
>
*
•
,
/.Class
r
"V>
Jan
4'A
3,600
13,400
■•
17Va
1
British American Tobacco— : - '7
1
Am dep rects ord bearer——** .
(
:
Feb
10% Feb
.
Feb
*'■■■'''■' 7- >
■
42%
24%
Mach Co com_*
Bridgeport Gas Light Co—:
Bridgeport Oil Co
Brillo Mfg Co common
&
-Class A
—
Brltlsh-Amerioan Oil Co.,.. ■
Brown
(
;
©Va
5%
(S)
British Celanoss
Jan
7 7% Jan
,*:719% Jan
Jan
Jan
xll2"
■
17%
2%
common
<.Anor dep rets ord reg
,,
British Columbia Power class k
:
7
7% Jan
700
9
•
-114%.
7Va
'
5%
Jan
*
.
t
1
63
i'1
.41/4- Jan
7%
,
Feb
•
-
16%
7
<
,
Jan
7%'Mar
;
.
Jan
6%
'!7 13/4
Jan
5
7.600
,.•>•300
7, 800
•
237/a
Feb
11/4 Mar 7-
57% Mar
450
7
5%
77 8%>, 8%'
7
7 % • ' 8Va •
6- 77: 6 - ■777, ;■
>7'5%
19,000
•
5Va Maru •
1,700
7
<
Feb
Jan
7,300
1%
77 57%
t"
Jan
33
Feb
Jan
35%
35 V4
1
;
Aeronautical
Brewster
*
Feb
19%
Jan
;
34
5%
.lVi
—•
7
Jan
3% Mar
2,300
22
5 Va
7'10%
Atlanta Birm & Coast RR Co pfd—100
Jan
•7 100
35%
37
20%
.10
dep> rects regi
Feb
16%
'
7
11%
.American
31%
Jan
35
7; 71%
Ashland Oil
&
Jan
500
35%
•
5
preferred.*
2.50
Refining Co
1
24%
41
35 %
37
12%
.7;
li
class- A non-voting—
21% Mar
15
Associated Electric Industries—
i
:'!)
'7
•
Arkansas Power* &■ Light $7
Aro Equipment Corp.—
r. I!
V
■—
6%- preferred
'f
M
1
—
Arkansas .Natural Gas ^commoau
Feb
600
16
27
c.
718V4 Mai-
*
(H C) Co common
7%
1st preferred
Borne, Scrymser Co
Bourjols Inc
Brazilian Traction Lgt St Pwr
Breeze Corp common
—
,
,
Anr dep. rets ord reg..
£1
Angostura-Wupperman ■> ——
1
Apwe-Elec Mfg; Co new common.
1
ARpsdaehlan Blec- PSrr 4 % % pfd—100
i
Jan
14%
■
J. Y
Bohack
Feb
37%
3,100
3%
40
;.»}■ Angerman Cos Iric common—:
—1
| Anglo-Iranian Oil -Co Ltd— 7.: ''""
;
7
51
17
IV %! 7
-
y-.i ATfeua • Inc.;,,
IM
4'
16
16'A
7
-
■
it
"
41
;
| American Writing Paper. common—_5
j fv Anchor Post Products.—I—
—2
f1
■m
preferred
Feb
Jan
32%
new
Blumenthal
Jan
7-800
15%
2
10c ^
:
Jan
49
600
v--3%
3%
17 '/a
10
T $6usertes preferred—
3%
Mar
29% Mar
•
—-
American Seal-Kap common—
f ji' Amer .Superps.wer
Corps com
111
*
*
class B
Feb
49
•77' 150
22
21%
2
•
Co—
7
it
*•
Meter
Co—
American; Republics
i,
■•TV '
Products
Metal
American Potash & Chem class A
4 ":
if*
33%
.
3
Blue Ridge Corp common
—1
$3 optional convertible preferred—•
Blum (Philip) & Co Inc
1
Blauner's
•
Jan
46
"
1
American
43%
2% Mar
5V2
,
&
Birdsboro Steel Fdy St
Feb
13% Jan
50
33
33%
25
25
preferred.
Jan
112%
37% Jan
110% Mar
„
Bickford's Inc common
Jan
1%
23
Jan
Corp
Jan
54 Va
Feb
1% Mar
50
50
-
.20
25
6 %
:
7 7%
Feb-
18
100
46
-25
Laundry Mach—
American Light & Trac common
V
18%
300
46
1
1
American
.
43%
2,500
21,200
39%
40%
ill
111 7 777 50
5,400
-2%
2%
10c
American Hard Rubber Co.
";n.
3,200
1%
v
40%
100
convertible
5%
18%
10
preferred
1,300
•1 %
,
751% Feb
Mar
46 Vi
44
•
common
200
50%,
57/8
5%
?:
Foreign Power warrants
American
7 4% %
50%
Steel
Hedges common
Convertible
preferred
Berkey St Gay Furniture
Benson
Jan
Jan
50
307
8Q
3% Mar
83
Jan
;7V4 Feb
Feb
39
■
5 7
Basic
1
Bauman (L) & Co common—————1
Beau-Brummel Ties com—
1
Beaunit Mills Inc
———
2.50
Beck (A S) Shoe Corp
1
Bellanca Aircraft common
1
Bell Tel of Canada
—100
Feb
5
Feb
9
•;
Jan
Jan
31%
;
:
convertible A common
Refractories Inc
Feb
Jan
400
11%
24V4
50
100
11%
$1.20
195% Feb
Mar
4,000
7
37
Jan
400
32%
.
1
common—;
Barlow & Seelig Mfg—
Feb
24Va
Jan Y
18
177
450
Barium
.
80 7 Jan
105V4 Feb
Feb
American Cities Power & Light—
A
Co
de los Andes—
American shares
,
nw25 7 Feb
Jan
500 7 ;' 20
550 7 7
3%
3%
3%
••
.
180
3%
3%
.
.
23%
23 Va
178.
178%
1
Beverage common
Book Co__i
J
Class
Jan
Jan^r 7112% Jan
110%
600
20%
20%
23%
—•
common
Car
——30
7% preferred
Baldwin Rubber
' " Feb
Jan 0:7^23
.100
;<
103% 103%
.20%
—*
Mfg
common
Bantam
11%
Mar><^».
66
2,600
,
111% 111%
-loo. V_^7v
100
103%
American
American
,7 67%
.
7. Jan
13
,
•
6%
Feb
7
,J
Jan
40%
42%
•
Wilcox Co
Locomotive—
Babcock &
Baldwin
/Banco
5
7
100
.
•
Jan
200
100
B
4%' Jan
3% Mar
9
Jan
30s/a Mar
2,500 "
J
Mar
75
1,200.
Feb
5Va
:
•;
18%
Jan
;iVa
Jan
.,•■:..5% J»n
12% Mar
19% Mar
1% Mar
7
Feb
13
Jan
Mar
112% Mar
•'
7
vM%
Feb
Jan
11'.Feb
u
Feb
62%
6% Jan
Jan
420
4Va
.
4%
9%
Jan
25
32%
Jan
106%
,
Jan
13
25
Jan
Jan
,
67A
5,500
/
1 %
12
12%
■>;
/
High
.
55%
7Va
Feb
38
Jan
5%
7:
6
-
American
Feb
5%
32
7%
_7%
5
25
1
(B F) & Sons common
preferred
V.
300
7 Va
Machine-
Voting
5%
V'"•'■v'.'11
.
1,700
58 Va
30%
32
._1
Feb
2%
92
common.
•-,—-
Aluminum
4%
"5%
LOW
8
58 Va
.1
—
Products
.
Range Since January 1
Shares
High
'7%
7%
50
Co.-
Ayrshire Collieries Corp
pfd
7 $3.75 common preferred
Aluminum
Feb
1,600
8
6
89
.100
common
preferred
12%
6%
Feb
38
Low
.1
Corp warrants
Plywood Corp
Automatic
Feb
15
21,400
4%
3%
4%
3
—
Jan7
3% Mar
10%
10*
—10
;
(Mich)
3%
Jan
12%
Altorfer Bros Co common—
Co
Automatic'
3%
—50
f
pfd
Int'l Investing $3
Aluminum
Atlas
Avery
_50c
& Fisher common
Allied
Feb
Jan
13%
1
4.20%
.
Atlas
11%
2% Mar
__10
common
Southern
Great
28% Mar
2
60c convertible preferred—
Air-Way Electric Appliance
Alabama
Jan
3
Line
Coast
Mar
3%
Exchange
Coast Fisheries.
8
12%
3%
1
(NJ).
common
Convertible preferred
Alreon
Atlantic
Feb
•
—5
common
Air Associates Inc
Atlantic
Jan
12%
100
2%
2%
1
Surpass Shoe Stores
Alnsworth
5%
Jan
7 9
800
78%
8
8%
—1
Supply Mfg class B__
Agnew
Air
1
Inc
800 7
10
Range
of Prices
Par
23
9%
Curb
York
High
4% Mar
ACF-Brlll Motors warrants
Acme
New
Range Since January 1
Shares
of Prices
\
.
for Week
Last
Sale Price
STOCKS—
Y:.
Sales
Week's
Friday
Sales
for Week
Week's
Range
■
Last
STOCKS—
MARCH 21
Products common
Voting trust certificates—.
Cable Electric
».'• Cables
* Wireless—
BOe
*0©
-37/a
■33/8
200
3%
Jan
500
3%
Jan
3»A Mar
Jan
Feb
3»A Mar
Monday/ March 24,1947
Friday
STOCKS—
New York Curb
Last
Exchange
-
Calamba Sugar Estate
California Electric Power,
Callit* Tungsten
Corp
Camden
Fire
non
voting
preferred
•
4,/s
300
...
600.
700
.
*
■■■-*
•
•
,
i
100
—-
1
■
—
•-Carey
*
■
Baxter &
Kennedy Inc
Carman Ac Co
common-,.
Co
<;
*
—
—
Canadian JMarconi
Capital City Products.--
■
1
9%
4Vt
Shares
20
Canadian Industries Ltd—
Carnation
4%
Sales
for Week
8
9
-
1
common
High
7%
10
—
■
'
Low
r*
Canadian Industrial Alcohol—
Class A voting
7 %
Rang©
of Friees
Insurance,,—.———•
Canada Bread Co Ltd
Canada Cement Co Ltd
6%%v preference
Class B
Week's
»
Sale Prioe
1
i—10
common
.
Carolina P & L $5
pfd
Carr-Consol Biscuit Co
Carter '(J W) Co com—
Casco Products common
Castle (A M) & Co
Catalin Corp of America
.*
■
•
—1
1
—
•
-10
....1
Csnt Maine Power
Co—
3.50% preferred
Central Ohio Steel
Products
Central Pow & Lt
4% pfd
100
—1
-100
Central & South West
Corp
ICent States Elec 6%
preferred
7% preferred
8
100
100
—
Conv pfd opt div
ser^—
-—100
Conr pfd opt div ser
1929——100
Cessna Aircraft Co
common—
Chamberlln Co of America
Charis Corp
«
common
—
Cherry-Burrell common
Chesebrough Mfg common
22%
'
$6
i
60o
$6
22%
70%
70 %
71%
Falrchlld Camera Ab Inst Co..
15
15
15
Falrchlld Engine
Falstaff Brewing
-1
IChllds Co preferred
Cities Service
common
'
22
.10
_4
Chicago Rivet & Mach
Chief Consolidated
Mining
1%
.00
120
30%
_*
preferred
preferred B
preferred BB
175 %
City Auto Stamping
City As Suburban Homes
;
.f
i
~
.10
1%
119
28
Controller Co
Clarostat Mfg Co
Claude Neon Inc
30%
Metallurgical
Fedders-Quigan Corp
Fire
172 % 175 Vs'
16 %
17'
170
172
Alum
10%
Class
Cockshutt Plow Co common
I
\
Compo
1
I
,
'4*
13
Service
—1
Corp
9%.Feb
41
•
100
II
.
||
||
1|
J|
||
f
:
II
Jan
;
Feb
General
Jan
-1
14
80
preferred
.
4% Feb
4l
Mar
;
Feb
-2
10 ;
1
8%
.-I
•
16%
25<
r>
*
5
2Vb
1<
26
i
106 Va
common..-———
Jan
Jan
Jan
Jan
Mar
Jan
13% Mar
2.6<
6%
1
'
Davidson
common—
,
,
B
...
100
,,
Detroit Gasket A
Mfg new com
Detroit Gray Iron
Foundry
Detroit Mich Stove Co
common..,
Detroit 8ted
Products—
Devoe 8e Raynolds
Class B
Diana stores
Corp eom
Distillers Co Ltd—
Am-
dep ret* ord reg
Corp common.
1
.....
10.
'
1
.Me
———fl
1
1
1
——•
Dominion Steel At Coal
Dominion Tar A Chem B)^—.25
Co
Ltd—*
Dominion Textile Co
Ltd..
*
—*
Driver
Duke
Harris Co
Power Co
10
■
Dunlop Rubber Co Ltd—
,
Am dep
rcte ord
*eg—.—
Durham Hosiery class
B
Duro Test
Corp common
Duval Texas
Uulohur.
For footnotes
see
common
page
.
...
*
II
*
1
*
1617,
-v'
y4
.,->89
*
Jan
Jan
Mar
•
113%
Jan
1
5%
-•
V
.
■
.
Feb
18% Mar
.
63%
*
..
Jan
Feb
Gladding McBean
Feb
Gleaner
14%
Feb
Glen Alden
10%
Feb
6%
Feb
Jan
Jan
20
6%
2%
Co—
Coal.
-'
Feb
floee
Feb
.....
107
Jan
17
Jan
Gorham
V8
14%
class
Feb
,
Feb
Mar
1017/a Mar
>
►
*
1
11%
59
59
i3Va
13%
8%
8V2
1
11%", 12%
^
l
139
•
139
40%
[ -13
> ;
tlVA
10% Mar
:%•
101V4 103
100
Jan
44% Mar
11%
*
Meferaed.
Nortncrn,-Piperd^—-—-——25
.
57
C
JSO
A
I Grocery Stores
Products common—25c
Gulf State* Uttlitle*
$4.40 pfd,
1
100
; Gypsum Lime *
Alabastlne
*
.
Jan
26
—• J
—1
Mfg common..—,—
.10
Graham-Paige Motors $5 conv pfd—25
Grand Rapid* Varnish
1
Gray Mfg Co—
—6
Great Atlantic Ac
pacific Tea—
1% 1st
Great
Feb
Mar
4% Feb
Gorham
Feb
;:
Jan
.
.^
Gold field
Inc
11 %
-
•
*0
.
Feb
Jan
167/a
,
15
1
;
$4.50 prior preferred
Consolidated Mines—1
Goodman Mfg Co
33
26%
.:;18%
8-
——
(Adolf) Ine common
Godchaux Sugars class A—
Feb
29% Jan
——• •;
1
Gobel
-
-
2J10
-
Globe-Union
Feb
16
•?
.
Corp...
Glenmore Distilleries class
B—1
Inc.;
k
5-
Ac
Harvester
iW:v-58'v.- Jan
1'
<.-•
.■
11%
8
~
.
;
Jan
Jan
10%
Jan
J:
.
109
,
Feb ; >r ;:
.
.
42
139
H
13
:
Mar
■.44%
112 V*
Jap
.-114%
:
r
Jan
15 Va
i
Fpb
"
;
J
15%
,
'S *■ "1-!
f
1,
Dobeckmun Co
common—
Domestic Credit
Corp das* A_—
Dominion Bridge Co
Ltd—
Draper Corp
•.: v3
•
V
1
,
...
-
Jan
>
v«<
8
...
:
Divco
104
V'89
r
1
Non-voting. common stock—
Davenport Hosiery
—
Feb
FebV"
V; "'.19% Jan
-
—x
2%
'
Mar
22V4 Mar
lft
common.
•
31%
Jan
•
debenture
com
Yellowkntfe Gold Mine*
(A C) common
Preferred
Gilchrist Co
;
8%
7% Mar
llOVi Jan
Giant
7% Jan
Jan
4% Mar
*
12.
Derby Oil Co
ShareholdlngR Corp
Feb
•
25%
1
Mills—
1,10
Brothers Inc
——1
Dayton Rubber Mfg class A
conv—35
Dejay Stores common.
80s
Dennison Mfg class.<A
•i
7 >:•;
3% Jan
6V2 Jan
32% Jan
;
8%
1
•
Feb
3%
pfd—100
Feb
Feb
24^-Jan
,,
preferred
Georgia Power $5 preferred
$5 preferred.
•
-8
Curtis Lighting Inc
common
Curtis Mfg Co
(Mo)-;
1
—♦■>•••
-
—•
,,—
•
10
.
convertible
Gilbert
7% Mar
•
,,
(ord reg)—£1
A
$6
.
common-
Mar
-
>-13%
v
■
Jan
~
47/a Mar
v.
25
J&l
Public Service $5
preferred—^
General
*
1
3
«:
23
1:
11 %
19%. Feb
104 »/s
v
•
*
Mar
i6Vs Mar
102% Feb
•-4%Jan r/
1,
Plywood Corp—
General
Feb
4%
—•
-
General
■
Jan
15%
Plreprooflng
General Outdoor Adv
6%
Feb
11%
;
W- 9
..v
—I t
—
5% preferred ssrlss AWarrants —
Feb
Feb
.
>
...
100
dep rets ord reg.'
Finance Corp common
General
41% Feb
11
.
,
5%
conv pfdGen Electrle Oe Ltd—
Amer
Jan
x6
•
.■
common,,—^-*
,
—
>19% Feb
1
preferred
Cuban Tobacco
||
^
Feb
1
Power 'Oo
5%
preferred-;
Gellman Mfg O* common
General Alloy* Co
Gen Builders
Supply Corp.—
Jan
34%
11%
,*
—
Cuban Atlantic Sugar
Br
8%
3
—1
Grown Drug Co
common.-—
Crystal Oil Refining common
$6 preferred
'6%
Feb
6o
Creole Petroleum
Croft Brewing CoCrosley Motors Inc—.
Crowley Milner Ac Co,
.Crown Cent Petrol (Md)
Crown Cork International
U
||
||
1|
||
||
||
||
||
||
||
Jan
:—•
American dep
receipts
11
9%
¥85%
xl5% Mar
common.
5% convertible
;• Courtaulds Ltd—
■
2%
26%
Jan
•
—•
$1
pfd class A
Cosden Petroleum
83%
75% Mar;
•
Cook Paint Ac
Varnish Co
;
Cooper Brewing Co___
—
Copper Range Co
stock
Corp ccuimfdn,,
Gatineau
Feb
118% Jan
110% Jan
Mar
8% Mar
10©
Cornucopia Gold Mines
Coro Inc common—
Corroon Ac Reynolds
conv
Garrett
%
Jan
43 "•
Mar
108
Jan
12
Mar
115% Mar
1
Continental Fdy Ac Machine
Co.——1
II
-
75
.100
common
IOV2
1% Mar
—
preferred series
C——
Gas Utilities
Textile Co
Inc—
,
Consolidated Mining A Smelt
Ltd-i—B
Consolidated Royalty Oil—
—lft
Consolidated Steel
Consol
Co
pf<L:^—
25
Consolidated
I
I
I
II
I
conv
'
—
G E L P Bait
common
4%% series B
preferred-
1/
voting——————
Simon Ac
4% %
Consol
I
I
II
Water
Shoe
•
Franklin Btog—
Fuller (Geo A) Co
Southern warrantsService
£
Franklin
Machinery—. v
>
Ytc ext to
1956——j.
1
Conn Gas A; Coke
Secur
common——♦ ?
(3 preferred
——
1
||
||
As
i „
Brewing Co—
(Peter) Brewing
Fox
Development ordinary—
Public
common.—
pfd!
Ford Motor of Franco—
Amer dep reta bearer
-Fort Pitt
Colonial Airlines
—
Colonial Mills Inc
—.—
Colorado Fuel As Iron
warrants.
Colt's Patent Fire
Arms.—.
Commonwealth
Corp
cum
—
Am dep ret* ord
regFord Motor of Canada—
Class A
non-voting
Products Co—
Community
Community
div
(M H) Co—
50 to $1 Stores
Ford Motor Co Ltd—
5
Colon
York
$2
„,
(Phila)
Fishman
common—-—
Club
i
Association
First
12%
Clayton As Lambert Mfg
1 Cleveland Electric
Illuminating.
Cllnchfield Coal Corp
,
AS Airplane.
'
Fansteel
122 %
12%
lO'/a
Clark
1%
Hall Lamp
Co——
Hamilton Bridge Oo Ltd—
HammermlU Paper ———
7
61"
i>-
1
—;
v-
—*.
Helena Rubinstein—
Class
Heller
5
4%
common
preferred
w w__
Holllnger- Consolidated
25c
10
G M_.
9' .^Mar. -u
17% Feb ■ •;
•
jah
25
415 % Mar
100
^,1
—7
10
5
Holly Stores
Inc.—.,—————v-1
Holophane Co
common,———;
•
11
Jan
49
"
J
f.
f-r-e|
107
'
85
Mar
9% Mar
5% Jan
23% Jan.
•;
.•
13%' Febrr!»r
83% Jan
^8% Jan
27% Feb
v<
Jaju
'16-, ^ Jan
% Mar
105
!;•
>12% Feb
;
14% Mar
12% Jan
16% Mar
-
x———ioo
Henry Holt A Co common.;.—.
Heyden Chemical
common.—
Hoe (R) 'A Co
new class A—
:-.4VWfBeh;.t J-
•n.-ft-;i.vEe.bi':i('J
8% Mar
.*—8
l
preferred W;~W-_,-
.;
Jan
—-*
A,,—v—*——»*—
Co
Feb-,t;
8 %V-Fjeb
34% "Eeb i.,
70% Fpb.Jjii
•5r?. Feb
3% Mar
-7% Jan
15
,
Ream Dept Stores
common—
Hecla Mining Co—
—
12%
■.
Mar
-'3% Mat
Co__—r__—
Hathaway Bakeries Inc-——
^tan
Mar
30% ^Jan
1
Hat Corp of
America B non-vot com— 1
Corp
9
1
Electric Light—,
—28
Hartford Rayon
voting trust ctfs___„-T
Harvard
Hazeitina
I.!
—8
-10
Hartford
Brewing
| }
:
>
-
Mar
4*
15% Feb: %
*35% Feb •
55Va>Mar !".
10% Ffeb '■'!
5% Feb Ah
27% J&n ■'4-i
THE ^COMMERCIAL & FINANCIAL CHRONICLE
YORK
NEW
CURB
EXCHANGE
RANGE FOtt WEEK ENDING MARCH 21
Friday
STOCKS—
Week's
v^Last
v
Low
& Hardart* Baking Co—l.±,
Horn
*•
,
Shares
,
Range 8ince January 1
High
Low
St
172 V
tffi-
175
ft Hardart common;
- ^'il'V'".
V-*
1#
preferred--:,^
—100
30% -30% V'Hubbell (Harvey) too
-5 Vv- :
Humble Oil it Refining—
...
• .At'60'fy%. 1 56 v.?. 60"*^ '
Hummel-Ross JPibrc CtirpL-——
5
- 30%
29%,/3P^:^.
v-r; 7
Hurd Lock ft Mfg Ct>———5 - ^i-7
26% :• 26%' *'•
Hussmarvn-Ligonier Co common
•
•'
Wi
i
1st
preferred as'■ %i£j .
HydnKEiectric. Securities-.:
Hygrsdo Food Products
.
" dad
25
32%
Feb
9% Feb
I^T'.'r Mar V'
v
Feb
Feb0*4'
45Jan ; " --47%
46%.
Feb
-47
39%'
..1
f"- * ?i
40
3% ■ Feb-
K
40
*
•
•
3^/^Mir '^M9%
Mfg
Merrltt
Metal Textile Corp
Participating preferred
Michigan Bumper Corp
Michigan Steel Tube
Michigan Sugar Co.—
Preferred
Dividend
Illinois Zinc Co edihmofl______
i
*
63
17%
«tfs_.
arrear
29%
62%
17%
17%
•
-
500
Class BVt CI—..a.
19%;
-
Am dep; rctsf-.regtdj''±£&*.
II
J..-J-VJZ
T«ptfiH10i)(ri» iewyUiii'
f12% v.".--12
12%
4.vRegistered &
L—.• -l. 'r. M 4s 12 % • 12'%" 1?
Imperial Tobacco uf-cmHkdai.^^^5
-Imperial' Tobacco- Of G*8at Britain it] -''1i
;'#l? :T
;tp^6iTedij^'rri:10ai.'.
preferred-L^-i-i..
.7*
.
100
93%
96
"
; ■*
Interstate
10
13%%, "12%
-.11% *>11%
11%
6 Va
X6 %
7,1%
1%
3
preferred..:—_*
^ 775
Italian Superpower'
Jan
Mountain
■
.
Jefferson
Jim
Lake Sulphur Co
Brown
Class
A
5% Jan
1
1,200 J
^
-
7%
JUllan
ft
Jan
J6'fi1<?;-'!^22%.;Feb'/
7'/a
Jan
Feb
6%
Jan
18
11%
Jane
26
7%;
7
Corp._-_^,__—
KtnSas Gas ft Eiec 7* pfd—.
KAwneer C»._^—..^—
Kennedy's Inc
24
123% Mar
20
V^
-25%^
7
22
f
500
—.
Key
Co
Kldde
25
v
900"
-
•
4%
5%
11%
<•
y:_;;
1%
.22%
21%
9%
Shore
9%
900
14
5
Feb
Jan
,
4%*
New
Ffeb
9%
Foundry ft Machine
Lamson Corp of Delaware
Lane Weils
6%
1
5
1
Lakey
Co
common..—
1A
.
Feb
25%
Feb
13%
Lefeourt
Prior
—
N
N Y
'
id% Jan
Jad-'
Jan
18
L# Tourneau
;.
Lionel Corp
f
r
Loblaw Groceterias class
Material
Glass
Inc.
i
?1
Co—V;
r
26
Jan
30
Jail
Mar
16
14
"9
24
24
■
Mar
15% Mar
18
"
Jari
Feb
Feb
Jan
11 y« Feb
22% Mar
26%
'Jan
32%
8%
Jan
Jan
31
Jan
?29
24
Mar
26
-
-
7%
Mar
9%
1,800
19%
79
-
"
11%
Jan
2,400
69
*
;
13%.
12%
'
113
•
18%
18
V~
Mar
'69
Mar
8,500
:
20
900
VA Jafi
Jan
% Mar
78
-
24%
Feb
Jan
24
Feb
Feb
12%
Jan
15%
5%
Jan
3%
■ji
7
<
..
14%
conv
Jersey
preferred
17
35%
1,000
11%
12 Va
1,200
12%
6O0
14 Vs
14 Va
800
1%
3%
■1
Northern
Feb
J
14%
Jan
1
2Ve
Feb
5>A
Jan
.
3% Mar
10 V*
200
13
8
7%
108%
190
6 Va
2,400
Feb
67%
Jan
6%
Feb
2%
Jan
5 Vs
2
1,600
10
200
42
•
200
35
100
17
4
Jan
1%
Feb
; 17%
12%
^ 300
9Va
24,600
21 Ve
Jan,.
Jan
% Mar
117%
Jan
1%
Jan
Mar
10%
Jan
15%
Feb
Jan
13%
Feb
300
III
800
9
11%
13%
3,300
~i\h
2,000
1 Vi Mar
17
2,300
5,000
16%
9Vs
11% Jan
111
15%
15%
1
Mangel Stores common :
5 Manischewitz (The B) Co
,
90 ' ;
82%
Jan
'14% Feb'
Feb
113 "/
Jan
Jan
19%
Feb
47
———'
Marconi Internal Marine
Communication
Co
Marion Power Shovel^-—;—
8%
19
20
•
17%
18%
20%
43%
1
McWilliams
Dredging——
Mend Johnson
For
-—"
•
—
ft Co..
footnotes see
page
1617.
•
1
9 Va
9%
18%
*
Mass Utilities Association v t 0—;
Massey Harris common
McOord Corp common,
$2.50 preferred:—
Mar^
4%
—II
Lt
Feb
15 Ve Mar-
•
—
.Mape* Consolidated Mfg Co
2%
2V2
15%
2%
warrants
'
1%
1%
■■
1.
1
43%
11%
10
29%
29%
-
■
1,100
200
1,100
3,800;
Feb
10% Mar
10%
1
-
9%
7%
2
Jan
Jan
172 »A 172 Va
50
166
Jan
39%
900
36
Mar
37 Va
400
35% Mar
3% Jan
~6%
2,700
10
36
"
;35%
Mar
10
"5%
,
99%
99 Va
5% Mar
Feb
97%
108% 108%
25
108
Feb
•46
48%
Mar
42 %
i,425
1,300
46
40
37
Jan
7
Feb
8%
9
/
1,100
400
X29% X30
9
...»
Feb
Jan
Jan
5,400
^4
Feft
63
10%
124
9 Va
1
13%
Jan
Jan
'
*; 8% Mar
;
13 Va
<
Jan
Mar
Jan
1
'
Feb
Jan
115
■'"
2%
common
—50c
Co class B common
9
Ohio Power 4%%
preferred
;—100
Oklahoma Natural Gas new com—15
Old Polndexter .Distillery.. ..........1
Oliver United Filters B
9
Omar Inc
.......
—'
1
Ogden
Corp
33'A
Brass
x29 % Mar
O'okiep Copper Co Ltd Amer
Securities
2%
Mar
2
2Vs
Jan
Jan
20%
Jan
55
Jan
8
Mat
Jan
8%
"<"'4%
1%
17
13
Jan
2V«
Feb
Feb
'Jan
20 Vi
Feb
Jan
21%
45
Feb
Feb
11%
Feb
jan
Jari
29% Feb
25
39%
UV4
900
9%
29% v
600'
10%
"
114% 115
Jan
37 % Mar
Jan
Mar
115'/a Mar
30
30
31
7
7
,6%
v
37'/a
11%
Jan
12 Va
Jan
13% Mar
10%
12%
14 %
14%
12%
33%
Jan
11 Va
14%
=5/.-:
2%
2%
2%
9Va
97/a
35%
—
35
35%
Jan
•»
35%
Jan
>
102 Vi Mar
113
Jan
12
15
9%'
Jan
39%
11"%
41%
38 %
38'A
102% 103 y«
114% 114 Va
41 "A
Feb
27% Mais^
~2
12,600
11150
Jan
9Va Mar
12,300
-
35
Jan
Mar
Feb
16
Jan
14% Mar
11%
pacific Can Co common
Pacific Gas ft Eleo 6% 1st pfd
15 % it
1st preferred
—
Pacific Lighting $5 preferred
Pacific Power ft Light 7% pftf.^—
Pacific Public Service
Parker Pen 'Go.^^^sssfsx,..
Feb
Jan
12
—.1
Paramount,,Motors CprjR
Jan
8%
Jan *
12%
6hares—
$1.30 1st preferred
Page-Hersey Tubes common
Pan American Airways warrants—
Pantepec Oil of Venezuela Am shs
Jan
31
112
35
»
Jan
10%
823
%
...
!
"
47 V«
10%
.
—
Northrop Aircraft Inc
Novadel-Agene Corp—
Mar
'■
51
100
62 %
;
1' 82 '
8% Jan
111% 112%
.......1
North Penn RR Co
—
,—50
Northern Indiana Pub Serv 5# pfd.100
Northern Natural Gas
—
20
Northern States Power class A—
28
Northeast Airlines
Jan
Mar
118% 119 Va
37 Va
Jan
13
8%
9
Jan -'
8%
61
58%
Utility Securities
9
Central Texas Oil——.—5
.
350
2,000
3,000
'
39%
120%
■
Jan
Jan
15%
12%
9%
Jan u
•
13 Va
-
17%
17.
9 Va
31%
63%
13
"l%
10%
5% Mar
'
Jan'
Jan
94
Mar
28% Jan
104
Mkr
5%
13Vs
16%
7Va Mar
81
450
Feb
13
Jan
Feb
8% Mar
200
1,275
*
86%
105
...
common
Feb
Feb
Jan
1% Mar
American
North
Mar
14
10%
100
8V4
8%
84%
X41
.
Electric—..———
ft Power oommon..1
$8 preferred—....———...„ .9
North American Rayon class A..*.—9
•"*
■
Jan
14
5,400
•
"5%
North Amer Light
39%
24
14%
14%
'
1%
Noma
Jan
Jan
11%
11
11
i
Class B
1,400
1%
3%
4%
nuin»
Feb
24
—
Corp B———
Mines—
Jan
14%
11% Mar
12
6* pfd
Niles-Bement-Pond
15 Va
Jan
33
Feb
Jan
18
Mar
33
63
Nineteen Hundred
Nlpisslng
Mar
.1
RosariO—
N Y Water Service
Jan
II
80
shares.—
Pounders
14
^
mm 12
—;
Zinc
ft ArlzonA Land
41
Feb
Feb
45
Mar
100
7,900
700
41
14
Union Radio
Overseas
Y:
f
Manati Sugar optional
Jan
7
y:^
a
Feb
v
4%
3% Mar
4,600
>" 3 %
41
"
—1
200
6%h
6
Park Mining Co
Ohio
•
-'150
70
113
.
200
'
-
■'V-'V
24,000
79%
138%
Jan
11%
v
Jan
Mar
■
9
•,.f
■
Mar
Jan
16% Jan
*:
2,700
9%
9
127
Mar
37
Jan
140
Jan
Feb
9%
Jan
30
Jan
Feb
7
200
18 V*
7%
18
8%
2,150
Jan
Jan
2%
Mar
2
Feb
5'/a
Jkn
29
*
I
Lynch Corp
44% Jan
29
31
1
.
jan
Jan
700
v
ocx it
Mar
30
"5
Jan
2
1%
600
-
"9
7
Jan
23
200
16
Feb
■
16
12
Mali
9% Mar
100
24%
-
f;",
Louisiana Power ft Light $6 pfd
,
Jan
900
16
dep.—
Ji1. '9% preferred B ctfe of dep———
i Louisiana Land ft Exploration—
1
|
34
5,900
'
22%
24%:
1
10
1
Common ctfs of dep—
7* preferred A ctfs of
i
16%
Jan
9%
,
,
5
;■ Long Island Lighting
Jan
—t—•
Logansport Distilling Co
Lone Star Gas Corp common
Longines-Wittnauer Watch Co
,
Jan
*
A
i
Locke Steel Chain
i
8%
15%
Feb
Feb-
600
24%
23
—10'
B.
Jan
1% ?n%
1%
—5
Co
14% Feb
15 Va Feb'
8
Feb
Jan
5%
44
Llpton (Thos J) Inc 9% preferred—25
Lit Brothers common—
*
Line
(R G)
39
xll
Niagara Hudson Power oommon—
5% 1st preferred..
—6% 2d preferred..
Class B optional warrants
JAn
12%
6%
-..25
—1
>:
23
16Va
Merchandise......——*.
Shipbuilding Corp—
Feb
Jan
1,300
9%
•
Jan
189
Feb
21%
25
Y
19%
200
9%
Feb
35% Mar
4% Mar
'
9
ft Honduras
23
13%
14%
'
*
Mar
Jan
2,000
,
130
127
Auction Co common
Feb
600
-50
1
—*
Realty Common.
preferred
Leonard
Gil
Development
•
Feb
Jan
15 Va
—
Y
N
34
v
Langerdorf United Bakeries class A..*j
Class B=.
—i..
7
Lanston Monotype Machine
f
La Salle Ext university^
—-5
....
,
9%
Feb
5%
17%
1,500
34%
Jan,
li
185%
2,900
34%
28%
3%
'12
'
30
400
2 Va
Mar-
106
Jan
3
•
'
2
f
4% Mar
•
-4% v~4%/:
V
Jan
A.
2%
Y
Jan
•
100
13%
6% f 6%
8%
8%
15%
16%
Jan
9
900
12
12
•10
Mar
600
185% 187
21% 21% '
New Process Co common
20
2,900
14
•
12%
12%
1.
Feb
27
"
—B
(Herman) Corp
B
Neptune Meter common
—.
•
Neils Ls Mur Co class A
New England PoWer Associates.
108
6 %
preferred.
m_0
$2
preferred
...—
Too
New England Tel ft Tel
...
New Haven Clock ft Wfttch CO—
N
Jan
15 V4 Mar
Mines Ltd.—
v"
3»A
Feb
Feb
Jan
Feb
38
.
105
2,700
4%,
Jari
9%
'
7% Mar
1,600
;
3
13% Mar
x8 i1; Mar
j
Feb
Feb
17%
-3%
-
;: 2% Mar
"""*
; a"
9%
9%
Nelson
12% Feb
'
Laclede-Christy Clay Prod
1,500
;"
4%
Niagara Share Corp class B Com.
Lake
8%
--
2
-.—.—4
;
9
National Steel Car Ltd
———9
National
Transit
jt
12.50
National Tunnel ft Mines common.—1
v:.f- 8
1V«
100
Brewing Co—
Krueger
Jan
15% Mar
-4,00o
^ 80O
2%
~V/a "i%
National Radiator Co—
17%
Kobacker Stores
12%
100 *:
35%
National Rubber Machinery
Jan
22% Mar
100
21%
...1
Corp common
700
>•*
16
8%
Fabrics..
National Mfg it Stores common.
National Pressure Cooker com,
New
5,500:
22.%
(D Emil) Co common
Kleinert (I B) Rubber Co—J.¬
Feb *
Mar
4% Mat1
Jan
*'
common..
New Mexico
7%
'
Klein
33
3%
13%
——»os
Malllnson
National
v;-;' 17% Feb
•
1
29%
Jan
300
'
2%
preferred
13% Jkn
4V* Jan
6,400
1%
'*•
1,800
10%
i'iii'.ii
>V**
15
14%
69
Mar
r *60
:
——1.:.
'A'Ili% Feb:vr v87%
Jan
73%
—.100
vY7;lf%-Feb':
108% Mar ;:
"
26% Mar
26
Jan
"'.-Feb
-
Jaxf
11
500
—.100
Ltd—
KirkTand Lake G M Co
7%
12%
■M't 108% 109%^V.-■'' 100
—.100
Kings Co Lightingv7%; pfd B_.
9% preferred t>
King Seeley Corp.
Kingston Products.—.—
Kirby Petroleum.^;^:.^.*.-.—
Knott
i\
7%
.12 '
common—
(Walter) & Co_
Kimberly-Clark Corp— ' '
4%% preferred
■
Mar
*<•
18% Mat
6Va Feb
100
*-19
19
9% Feb
-125% Feb
^ab;:
17,000
123% 123
Jan
29
*
—1
Nachman Corp new common
NAtlonal
KAiser-Frazer
11
\
1
National Bellas Hels common....—.1
National Breweries common
•
3%:
3%
11%'
-*
_*
:
:
Jan
'
Feb:
'; A^l%
Va Mar
6
6
-1
Stores common.
preferred—
Kokengs Oo_^
24%
r19
500
17%'" 19.':'v
1
:
Jan
31
-—60
National Fuel Gas
-
Jan
15,700
21% *22%
30
of America...—100
lo
City copper Common
Producers..—.
— 10
States PCWftf Common
•
States Tel ft Tel——.108
Namm's Inc
Jeannettt Glass Jtb' eorhmon
3Va
18%
♦
—9
Refineries
Muskegon Piston Ring
Muskogee Co common:—.—
43A Mar
8,400
4%
Murray Ohio Mfg Co————
1%
-
19%
lYa Jan
- 1% 'Jan
r Mar^ ^' 22%: Feb -
400
>
Royalty--i~a---j—1
Mfg voting trust ctfs__*
IrVing Air Chute
—1
^15% Feb
f5ya
Feb
ll%Mar"A "^12% Jan
23
^eb ^ ^O r Jan
300
>vjjiw. ■.
Fireman
^>'"15% Feb ^
2%'Mar —-
100
-
•
Mar
12% Mar
%';;-r' 1,700
13
Safety Razor B——•
Utilities common..—_5
Power: $7.
Mountain
"
13
Jan
16
27%
"
Plan Corp
Mountain
•13%^J^*^l5%-Pebf;
-200'
Jan '
11 Vs
600
7Va
22 Va
*
Montgomery Ward A———...
Montreal Light Heat ft Power
Moodv Investors pa\!lo pfd——i——9
Jari
^i3%-ii3 my-
Feb
500
-
Missouri Publio Service Common——9
:6«%^jaV7< s:& 87 % Feb
4,700
-13%^
Feb
Jan-
14%
'
—
conv
Morris
800
-
Investors
Iron
Feb
99%
•.
-f
-fY
.
shares
International
,j©<4
2%
15%
Mountain
58%- 59%
r
International 1 Products__^__
*' ,109 Vi Feb
10% Feb
12%
4
4%
Molybdenum
Corp
i
Pictures common..—..—1
Monroe Loan Society A
—
Montana Dakota Utilities
*104^^i«af <' v ;110
Feb
W in irittff > ?l0oVi Mar
550
Jan
2% Mar
18%
17%
Monogram
*
■
'•
v
Feb
10% Mar
J
300
Cigar Machine——w.
International Hydro-Electric—
-r!'
Preferred $3.50 series——1-._-_50
International Metal Industries Ai.c—•
International Petroleum coupon shsi.*
International
lOS^rjgdn
9
-
Jan
6%
Jan
300
11%' 12
preferred....——....50
Mining Cdrp of Canada
—
9
Minnesota p & l 6% pfd—..108
4%ft
44
5%
200
Feb
14%
Jan
International
j- Registered
14% Feb
14
Feb'
-.v
r
Jan
jan
'! 12% Jad
'
■
,
•:
? :11%
11%
-Xk
,
of North Americari-'.^IO -* s 93%'>
Insurance Go
.
.
3,200
Mr
Indianapolis pow.%• 107% los% •
•iBttiOna- Sdrvice- Ilt
|1L': Jan
- 6
' Feb%:
^iiMi jdn H
__
.
-
Jan
50
'■ Mar
1,900
13%
Miller Wohi Co common
■
10 Va
18
Mid-West
16%Wrf; ,ir lgy* Jan
1,250 .V;' 17
r2lVA Mar
•?
Ow -y -A-' *:
ii- «.
imperial-.Chemical Industries-^ ~i
.
5t5^id;^;S^64Jan
Jan
6%
V
2%
■■■:
Piping ft Suppiy .com———
Midwest
..
10 %
2 Vs
—--1
Oil
Jan
6%
Feb
10 Va
10
18
mmrnmrnrn
110%
Mar
>■
45
500
6%
6%
Jan
4% Mar
30
45
45
1
1.50
*
...
4,200
■
7
Jan
109
•
* '100
Feb
Jan
17'A Mar
Jan
6
5
25o
....15
Middle West Corp common
Jan
2,400 vf
•
15%
5%
4%
1
$2 non-cum dividend lharei
MidVale Co common,.
Mid-West AbraslvA..—
Midwest Oil Co
:
;i"
1,400
/
<
3,800
900
;
109 Va
109
—.100
....
29%
7
,
2% Mar
*
Corp (1 conv. pfd
Midland Steel Pfodticts—
xcmw: prefecxidc-..-^
2%
"17%
Mioromatlo Hone Corp....
1
Middle states Petroleum class A f t eul
Midland
Illinois Power Co? common^
2%
16%
7
3%
Jan
5%
600
■■
2%
Chapmah ft 8C0tt~
High
Low
6
17%
Co
_«• rn.rn.mw
Feb4*
^^JKni;j:5—10%
•;
Menasco
Range Since January 1
Shares
High
5%
6
common.
8% % A preferred—
Mettabi Iron Co——,...
*
Feb;
.,
Sale Price
Warrants
Feb
1
'
Ccom stk puxch wwEr*af*_iii2-___—
Hurler's tommon^r
Feb
Jan
.
Feb
'46%'i-
46%
•
Feb V
^ 43 4 ■
f; 115%
:::1JaA% r' -: 33%
■•■'29
•
preferredc—iL-x-ifoftrii&icatos.
MarTT 'T81 '
40 (■ Jan '
113% Feh •
:
m
Feb
39%
; JaR V
172
Of Prices vl
Low
Gas
for Week
Range
High
Memphis Natural
Horn
$2.36
Nek York Curb Exchange
..
*
Last
STOCKS—
'
Sales
Week's
Friday
for Week
of Prices
-
-
Horder's ■ Jnc—9
Hormel' (Geo A)v * Co common—.
Sales
Range
gale Price
New-York curb Exchange
Feb
;
'.'J
'
■
■
/„
.
:
■
•
.
t
WEEK ENDING
RANGE FOR
York
New
1
41
-
Exchange
Curb
Par
$1
,—•
Penn Qas ft Elec
Penn Power
ft
—
—2.50*'
Cdrp_—
Philadelphia Co common
Phillips Racking Co—
Governor
Pierce
.•<
—
!•;
•—
"
.-
,
-
Spencer Shoe Corp:.——
Stahl-Meyer Inc„—1—L——
Standard Brewing Co—___—
Standard Cap & Seal common—".
Convertible preferred—
Standard Dredging Corp common
';il%'-12%-M,000
$1.60 convertible preferred-i—i—
Standard Forglngs Corp
Oil (Eyi—-i——
Standard Power- ft Light.———
Common class .Bu—
„
Pioneer
Ltd
Am
Gold Mines
shs
Ltd-
—1
4ya
*
-2
.12 V4
:
Pitts Bess ft-L E
-50
RR
Pittsburgh ftt Lake Erie—
-50
—
>
Polatia
,
53
61
Feb
11%
Feb
^
8%
Jan
6
TVs
Mar
16
Mar
5%
—
;
of Canada • common.
,51$ ; 1st.preferred
Jan
Jan
19%
Feb
Jan
13%
Feb
Stein
,
Pratt ft Lambert Co—Inc
Prentice-Hall
—
Sterling Engine CO:.—.—.
1
Producers Corp
,..
45
10%
10%
America——
of Nevada'-*——
Prosperity Co class B—1_
1% '
-
—
■'
/^v
—
.
;
v
1st
6%
7 %-
preferred—
x7%"
—
—
1st. preferred
::v,
—
-
—
Puget Sound Power ft Light—
$5 prior preferred—
108% Jan
114 ya Feb
:
>Jan
; 109
*
Mar
119-
,_5-"* 14'/4-
13%-
10%
10%w-V"-o 200
2,000
,
-
4,400;^
1%V* 2
1&.V4- 46 "
26% * '26%*
300
;
10°^
tj.
,
—
Superior' Portland Cement/ Ind_:
Superior Tool ft Die Co.—.
Swan Pinch Oil Corp—
3%
.
•
1,400'
"3%
107 \ Feb " f 110% Jan
29%; f ^ 500 ^ " 25% Jan ^
30% Feb
14%.,"v'^":375'-""i-13"-1: Mar "t"'14% Feb
,11/10%
906^
•,?;
109%';- • />200
109% 1,108%
-•
; 29%29% "
_•
Puget Sound Pulp & Timber—
Pyle-Natlonal Co common——.
Pyrene Manufacturing
Drug. Co
Sun Ray
r
8/
io%«'\VU f:t-r 1,10®-) V'
14
14 %,.,,/f f275 f;
Stop ft- Shop Inc-—j
Stroock (S) & Co common——
Sunbeam Corp——;
:.; 17% Jan
v><5;-.f.'....'300-?i'j
4
3%
—
——
Co common—.
(Hugo)Corp__—.
Stlnnes
8% Janiv. j',; 8% Feb
—
Public Service of Colorado—
28
150
'25
(J B)
Stetson
2y* Feb
3,300 ;1% Jan/ „
200
15% Mar / V
1%; ^
15% • 15% '
Providence Gas——
'
Sterling Inc.
i' " "25ff .v->X42 ' Mar"/ f ' 48 'Feb
%:fy 30,300 '
H Mar1% Jan
U
r300 v•; "9% Jan
12%'Feb-
..f-44%:' >44'
M .
ii
common—
Metals of
24
27
Products— —
Sterling. Brewers Ihc—.
•
Premier Gold Mining-—-
i/ Pressed
7'%
—
(A) ;& Co common—
Sterling Aluminum
-
■
\
Corp——
(The)
Steel Co of Canada,.
6%
15%
5ya Mar
; 600
5%
Starrett
Jan"
-Feb
17:
"
11
25C i 1
Mining Co—
.1,-40%
.iff,/; 4%"
class B————
Standard Tube
ii7y«
.
——J
—————
Standard Products Co—/—-
-
-
,fH
.,—
Power" OWp-
v.
46 V* Mar
,
;j
Preferred
-
■Powdrell ft.Alexander common—
r
Feb
46y* Mar
-10
...
14%
Jan
51% Mar
__i
—
Standard
.
6%. Jan
Mar
4'
1,910
io%; s io% io%; - / T.ooo
„v:6'- 6%;- 300
51 »/3
,"
.
.3%. Feb
Jan
10%
*
■
—
.
53
;
—5
Pltt^iurgh Metallurgical common.
a
Pleasant Valley Wine, Co-.
/, Pheumatio Scalecommon—
„
3ya
,3% - 3%.
"*400
.4
- - 4%
'
'2,800
ILVe 12 y4 v ". 2,500'
—1
—
Piper Aircraft C6rp com-—-—'.
Pitney/Bowe* Inc
—
4—--
Southland Royalty Co;
common
Pinchln Johnson
C——
preferred series
5% %
Southern Pipe Line
.
,
7
—i -J;
K12%,
Pilaris Tite « RUooer com-————506..'
^
5% original
62% .641/4' 450
7% - 7%,"r"900
43 • 43% >" 200
12 - -12
" 200
10 -10%
'1,900
.
/ --v*
,%-J
.
.—-20
Pepperell Mfg Co__
Circle
IV
——
-
4
'
—* n
—
Edison— >
preferred^—
',6% preferrd B————
Southern California
600r "200
'; 200
500
10%
112% 113
5
• 5>/a
•
.63%
Pep Boys (The)-—-
4
4,100
6%" '
-
i0%
-
-
Co
Southwest Pa Pipe Line— <a> <mm
./ 63/a
—„
w
-2.50
—
Manufacturing commonSouth Coast Corp common———i—;
South Penh Oil common——
1
Boss
,
50
'
Sonotone Corp
70 ■;"• •"80
' 50% • ' --"170
..
Exchange
-
/•—-
-
•
6%
10%
•
4
*■■■
'
pfd— —100
rl
Penn Water ft Power
Perfect
50% •/
-.J
•
1. ;• r
class A com——
Light 4% %
Traffic Co.
69
'"*• f'V
STOCKS—
New York Curh
15%. r' 1,100'
15 '4
\•;
'.
preferred——
cum
Pennrond Corp common
—
Penn-DIxie Cement warrants— —
Penn
;
..
common——.-—•'
25
Telephone
Peninsular
"*■
„
High
Low
■.
1
Parkersburg Rig ft Reel
Patchogue Plymouth Mills.
•
Shares
of Prices
Sale Price '
*
V.
Range - for Week
' Last
;
^
MARCH 21
Sales.
Week's
Friday
STOCKS—
EXCHANGE*
CURB
YORK
NEW
'Monday/March 24,1947
CHRONICLE
COMMERCIAL. & FINANCIAL
THE
/10% Marv: / -ll% Feb
v
Taggart
Corp
i
i
Inc
14% Jan;v
; /■-
Quaker Oats common.
t-'i ''.6% preferred
i f! Quebec Power Co——
33'
Co common—
Tilo Roofing Inc—
Tishman Realty ft Construction,
v-t>V;y
Ltd—
Amer dep rets ord regis/—
Tobacco Security Trust Co
C
1
Raymond Concrete- Pile-
>•-,
Feb
"
Feb;
2
31
•
55Jan
Reed Roller
23% Jan
Bit Co
Regal Shoe Co———_i—
Reliance Electric
13% Jan
•'
Engineering—
Dry Goods.
Richfield Oil Corp warrants.
8% Mar
1
.
ft
Rice Stix
20%
•
——
i/f T.V-Jan
1
Rio Grande
Valley Gas Co—
(Texas Corp) vtc.
/
,
Petroleum
Ftusseks Fifth Ave
28 y4
1,400
25
Jan
Union Stack Yards of
15%
1,200
14
Jan
United
Aircraft
4% Mar
United
Chemicals
300 '
4«/a
4 % -
20
5%
—1
Omaha
Products
United
United
Jan
United Gas Corp common
Jan
United
"
f"
5%
-
700
Light ft
Jan
New
United
Molasses
6
Class
St.
A
$2
conv
—
United
Samson
Co
Schulte
9
8%
;
37/a
'
—
-5
—
Brick
Co
-1
—*
common
(D A)
Scovlll
Inc
Steel
Co
Lock
ft
Hardware.,
Jan
9%
9,500
9,500
/
8%
—-—
4%
28 "
4%
5
•
11%
-f
'
'
4
-
4% Jan
Radio
Corp
Profit
RR ft
—J
3% /
3% • 3%
-25
86%
Corp
1st preferred with warrants.
Radiator common—
Rubber
Jan
37%
13%
Jan
Feb
United Stores common
4%
Jan
Feb
Universal
Insurance
21%
Universal
Products
4y»
Jan
Utah-Idaho Sugar.
>
Jan
3
Jan
15%
50
82 ya
Jan
Jan
.
Jan
86%
3%
v
iya
Shelier
Sherwin-Williams
Feb
2
Feb
14% Mar
Breweries
133% Mar
108
;
13
5
-"
70
12% y
.1
•-
li;.
14%/
__
__
650
/, .14,-.
.
'■
.*
87
r
:/// 86%
10
,
26%
-kf.
22
30%"
30Va
ii.
•// 4Va '
/ 21% *
-
-•
»
'
32%
4Va . 4%,
21 % "21%.
.
Feb
Feb :■
18%
Feb
Feb/
5
>
3% Feb
26y4 Mar.
Jan
23
" 100
2iya Mar
: 800 f " 24
Jan
32 V* Mar
v
:
■■r:- 4% Jan!
22% Mar
"> >4% Jan
* 21 y4 Jan
2,300
1,900
,
89
3%
600 " " 2% Jan
100 ? 26% Mar
'
26y4;
"f 22
—
10
.5
common—
Feb /
17%
v,
14ya Jan
3
Mar
1,000
3%:.:
U;fv,//'"'-3
23% Jan
Jan
82
1,200
•
Jan.:'/
.»
14% Feb
17% Mar
•
500
;/:.
16
f: 3 %
3
47
:" i5ya Mar
Jan
2%
_
1,400
;
88
15 Va
3%v
3,200
/'
71
Mar/'
Jan/;
13
11% Jan
100
/ /
19
2% f 2%
2%
Oc
Utah Power ft Light common
9%
Valspar Corp common.
$4 convertible preferred.
Venezuelan
10%
:
5% *
30 /• :
6ya
2% '
—
V!
3
v/
Manufacturing-
'■
vl,400
126 V2 Mar
101 y4 Mar
.
5% Jan-
800 :.
.;>
.
Feb
12%
9% Mar
1,400
101 % 101 %
Petroleum—
Venezuela Syndicate Inc..—
6y4
Feb
...2% Feb
12 > Jan
Feb
Feb
Waco
17
7 f*
Aircraft Co
Feb
39%
Jan
Feb
Waltham
Jan
Ward
2% Mar ///J 3% Jan
__;//.4.2% Jan V /
13% Feb
/rH2i/ „Feb..;;;/Ml2'4". '.Feb
200 v/
•
preferred———100
-
8%
...
--
-•
Oil
12%.";/
/3%
Jan
27
Mar
12%
18% / ; 18
"5
-*
Wagner Baking voting trust ctfs ext—•
j
11
68%
'45%
Feb
Feb
299%
<
Feb
157
Ltd
Stlex Co common.;——
k ;
—
10
Co
2%
to
7% Mar
Feb
110 ya
Feb
Canada——
Feb
28
vMar
f Jan
-
14
Jan
27
40
—
4%
24
22% Jan
9% Jan
1,500
common
4%
preferred
:
Sherwin-Willlains of
Sick's
'
750
Power.
19ya Mar
Jan
lTya
Feb
-12% Jan
3% Mar
1,700
1,200
Waterv ft
Mig Co
27% .Feb
f 21 v" Mar
284
284
.1
Reclaiming
Universal Consolidated
Vogt
Shawinigan
Jan
Jan
4%
Jaxr
8% Jan
12% Jan
—
14%
23% Mar
Mar
90
13%
3% Jan
common-
Feb
Jan
45 % Mar
,
Feb
89%
.
9y8 Mar-
Jan
U
•3
Feb
21%
2% Mar
'750
Feb
24
20% Jan
4,100
Shattuck Denn Mining
;
Securities.
U S
3%
B
Seton Leather common
and International
$5
% Mar
*
__
"« 7% Mar"
r , :v'
10
284 / Mar
2%/v."; 100
:;/!%. Jan
13
'/ f 120
10
Jan :•
71 f, v
825 - '
68% Mar
46 ;> ; •/" 60"*/ 45% Feb
-:
>
.1
Graphite common
U S
%
86%
class B
Foil
U
Feb
:■>—
.
Co
73/8
.
"29-;
Feb
425
*5
Feb
18%
2%
^ 17
—
U S
S
61'..
;
Jan
3,200
>0'./;'
Machinery common.;
U S
-
Jan
38%
250
-
United Specialties common——.
';
Feb
Feb
Feb
6%
; t,
Mar
f
Feb
9% Jan
4»/a Mar
13,800
>0
Jan
11% Jan
5,100
18
Shoe
,3%
3,800
Canal
6»/4
17% Mar
500
6%
66 %
Feb
14
,•
>11V*
8% Mar
5,600
i—
Sharing
32%
—
class
Feb
7% Jan
Jan
8%
700
25
Mar
33
Control—
Safety
Serrick
32%
■:;> 12% Feb
Co Ltd—
4% Mar
certificates
Sentry
'4% Mar
'13%. Jan
v
.
1,600,
——
Preferred
Feb
Feb
9ya
6V8
900
200
600
'
10%
Jan
5% Feb
2% Mar
28
17% .18%
-.5
Inc
1% Jan
/
1
—
Feb
43
3% Jan
l7/a Jan
600
7,000
■
34 /
11%
x3%
6Va
*
1,500
,
30
5.
.
"»-l •..•*« 2%!/
—
Mar
'26
"
.
8% Jan
500
200
■'
'
/ 33
:
33%
4Va
2Va~2Va
4%
—
2,800
13% Feb
Jan
8'/4
3%
2%
34
s'
'
8%
88
stock
Semler (R B)
Sentinel
.
11%
--1
prior stock
Allotment
/ 9
16,500
-J
Selected Industries Inc common
$5.50
y4
29%;
4%
common
Selby Shoe Co
Convertible
:•/.
-25
Securities Corp General..
Seeman Bros Inc
Segal
/
--1
common
Manufacturing
Scullin
;
-s
Fisber
ft
Schlff
37
-1
common
Savoy Oil Co—_—
flovrp
50
Corp common—-— -1
Regis Paper
Salt Dome Oil Co
Jan
114% Feb
—
10% preferred
13%
37%
12%
x35
900
ill
-1
rets ord regis.
NJ
United
! 13%"
-•
Ltd
pref—
V2 Jan
xl07y2Mar
11% Jan
3
Mar;
1,100
Railways—
preferred
3% Jan
United
Corp
f 10
;;3.100
United Milk Products new corn-
5% Mar
4,000
1
United
Lawrence
*
-lb5yaJan
110% Jan:
:f./yl%! Mar,!
'tk'3%,>;Jan
If 3oya Jan
'f 'f sy*, Jan
100
comk.,
Corp warrants——
Elastic Corp—
Amer dep
St.
10 %
2
"yp^f/Mar;
common
Jan
6%
400
-
,
7 "--7%
*
;
12%; Jan;;
103
Jan
•""1%
Mar>
5,500
;
—
15%
18%
10
Ryerson ft Haynes common
10 %
'
*■■■
,
18 y4 Mar
300
—*
Ryan Aeronautical Co
Ryan Consolidated Petroleum
/5%
>
11
7 ■■;//;;:
6%
.1.23
common—
2%- -25/»
~5%
——
Union Investment Co—
,f
15>/3
—1
Rotary Electric Steel Co_
Royalite Oil Co Ltd
-
1,300.-
•Unexcelled Chemicals Corp——.
27
9
Co
if
lv70O
———
Realization Cbrpi.
-2
Roosevelt Field Inc_—_.
Root
Ddylite Corp
Ulen
£1
5
—
2>/a-
160
20>
100
.
-
110%' 110
IV2 - 1% f
4%
4%
I'.w-'*
■<»;; f
preferred—
Union Gas of Canada—
Rome-Cable Corp common
Ronson Art Metal Works
63%, Jan.
*!''
Jan
2% Feb
107% Mar
28 ya Feb
J
Rochester Gas ft Elec 4 ft- pfd F—100
Roeser ft Pendleton Inc
;—-•
Rolls Royce Ltd—
Am dep rets for ord reg
•/'v
4%
Tung-Sol Lamp Works——
80c convertible
17% Jan
;"i % Jan
6% Feb
;
Richmond Radiator
v
Feb
'36 % Jan
Feb
32%
9
^xl07y2 xl07% :
inc
Trunz
"■
93Vi "94 sa, vi
'?
>
:7% preferred i———
Tonopah Mining of Nevada:.—
Trans Lux Corp
i
Tri-Continental warrants^^-.--.
Feb
$3 convertible preferred
•
Raytheon Manufacturing; common—-50s
4
Todd Shipyards 'Corp-——_
Toledo Edison 6% preferred—
38% Jan
•-
common.-
vv'-
19%
—
—
tp
■ft
-
i
i^r'22% Jan
'114;: Mar:
•'
'Amer dep rets def reg——
5% Jan
y 20%
/
6% Jan
55 v1' Feb /
Brewing Co———.
Tobacco & Allied Stocks—-k.—
-
«C 10% Jan
18% Mar/.
; 14 ; - Jan
Tivoli
ftedlo-Keith-Orpheum option warrants.
Railway ft Light Securities f "V '.V-Voting: common
10,.-,
Railway-ft Utility Investment A—,
1
Rath PackingsCd common--—'.—XO
w
Jan /*
v
Feb
Feb
121 /Feb
;i2V»i Jan/
Thew Shovel
-
Jan
,8% Mar
!——
—
34 y,
,19%
LITv
Oil ft Land Co——j....
Textron
•:
31% Mar
pfd—.
Light. 1%
Texas Power ft
,Texon
9 % Feb
;
s8% Jan,
common-—
Tampa Electric Co eommoit.....
Technicolor* Inc common—.-.
!
;
■
.
.
"
Waitt ft Bond Inc —-—1-—-——-—1'
Slmmons-Boardman Publications—
"
$3
convertible
Simplicity
preferred—*—.—
Pattern
common
Singer Manufacturing Co
—4
Singer Manufacturing Co Ltd— *
Amer. dep rets ord regis
Sioux City Gas & Elec Co—
preferred^.—
1—
if.
Smith
(Howard).
footnotes
5%;
t
/ /. 90
5% *' /
276
300*
-
5%
Mar
'312
•
Jan./
-100% Mar/'
-k"
lOVs"
Solar Manufacturing Co
For
295
Jan
6% Mar
2,200s
,..
5%. Jan
^102
Feb
Paper Mills
/, Solar Aircraft.Co—.
;
585
39
—
7ya
6%
—.
see
/
.—
page
1617.
7%"
103V
"
2.700/
7%"'' r 5 500
.
10% Mar
-'»• 1~5% Jan
Feb
$2
cum
pfd/——.
30
—
1,
900
Baking Co warrants
Warner Aircraft Corp—
L—-—1
Wentworth Manufacturing—
—1.23
West Texas Utilities $0 preferred-.—r
West Virginia. Cdal. ft Coke
...—4..—9.
Western Maryland Ry 7% 1st: pfd—100
Western: Tablet ft Stationery com——•
1,150
Watch
Co.—;
—
—
Westmoreland Coal—————-20
.;/;,;/:A% Jan
4.;^ ;,12% Feb
f-v-
6% Mar
./I-;.
'/
2
100
-
.Jan
8% Feb
2% Feb
;.7v7^.Mar„/ r
8% Jan
:
20,*,an/./Feb;lis !VM»r
3.000
8% Jan. -'
-12%: Feb
Ift-111/-. tFebl: ;vVll7 V Feb
1,500
.
100
Jan.
3Q.% .Feb
-\/30.
.
,32
.
-v
".
Mar
:,;.33% Jan
•
*
^Number 4579
165
Volume
V*
'/•'
*
V J'
/
•
4V'1"*
»4;*f-nWL^
lyi
'
'•'*■'*>'
•
*
*.
YORK
NEW
'
-Week's j
Friday
>
n•
,•
S-
.4
Last
STOCKS—
... i
New h York Curb Exchange
•
Par
v
-173/4 Jan
r
•
"t
Jan
27
-i
13 7»
"V
1672 Mar
20^/2
Jan
Feb
193/a
Jan
7*
;,:S7% *7% -V.-.-200
--yVV' 20% 20% y V-50
15%
14'/«
15% VfV 210
Jan
8%
Jan
213/4
Feb
12% Jan
157e
Feb
Vf'-;
Jan
1087a
Feb
M.
7
Feb
i.
7%
5
v
•>
20
V
107.
-100
-10
45/a Mar
>•
;
—a
.
13
Jan
?
•>.
i;
Power
6%
J-ii ..200
14 "
137a
137a
,2%'
~2% r27a'
-58
—•
;-"3%
2 3/4 Mar
4,100
-
series
5Vis
California
V
,
Period
•' *'
•••
.
'
i-
-
'i.-
'i
t'
Sale Price
Exchange
New York Curb
/
1061
Appalachian Elec Power 3%s
Appalachian Power deb 6s
Associated Electric 4%s
:
Assoc T & T deb 5 Vis A
Atlantic City Electric SV^s
1970
2024
J-D
Conv deb 58-
102%
10572
1067s
1087a
114
165
110
1107a
r
$10978
/
104%
105
79%
Q-J
80
14
76
<
82%
77
77
7
105
J-D
J.J
79
82
M-S
1950
—1958
J-D
102%
57 74
68
105
103 74
105
A-O
1047s
10472 105
10572
1057a 106
34
1969
j-d
.1978
J-J
4-
.*'*-■
V
."v
104% 104%
/
.
••/ ""
.
107
.
.
»
5s stamped
1948 :.V
1950
1963 /
1958
Rayon Co 6s ser A
A General
Grand Trunk West 4s_.
3%s
6s
Power
Mountain
Green
Guantanamo A Western
lien
1st
A-O
>-112
ref
&
5s
A6'/is
A 7s
series
series
A 7s
j-j
1949
.1959
:'-f
Debenture 6s.ti.-j.-J
>
—
Altalian Superpower 6s
—
Electric Power 3 Vis
;
6s
Gas Electric 6s
Kansas
Power & Light
3Vis
"
'
Gas
Amsterdam
New
.1954
—.
i
37
Penn Traction
conv
—
England Power 37is
England Power Assn 5s
Debenture 5 Vis
89
37
j-d
—
5s
Union—
33
—
38
41
3274
397a
37
38
1117a
i-V
Af-N
1007a
1007a
M-N
1057/a
10174
.T.7
1037a
10074
997/a
100 %
3
105%
1073/4
24
1017a
1017? 1017a
103
1037a
102
102
'
17
10
-
$ 1027a
-
{Friday's bid
2012
1919
1921
V
97e
dve-
"
WEEK
/
,:• 5
'• :v/'-;
Transit
Bait
•
Preferred
Co
vtc
*
100
tc—
v
com
.-—.——
Guaranty
Corp
Insurance
674
Vernon-Woodbury Mills com
;
'
*
t- *'
.6.75%,
l.
-«.4
j
prior
preferred
1
'
-
"
S
Fidelity & Guar—
National Bank——...
Western
100•"
'
1037a'
415.':"
.5
^
42 • * 44 ;•
1037a 103 7a " —29";
—50
20
44%
447a
,
44 %
^
Jan
45 r' TV
4472
1C0
•
Feb
-9% Jan
Jan
'Jan
407.
Jan
Jan
101 '
104
26
Feb
100
43
Mar
43
/
Mar
44
Feb
37
25
•
-
45
"
15
27
27
2
"Mar
40
"conv"
Baltimore Transit Co 4s
5s
series
A
—1975
1975
<T.
g*
90 /
977a
87
8,000
r
96
267a
923/4
96
89
977/a
92 /.
5
29
$2074
25
21
J-J
$13%
167a
16%
1?%
34
31%
31%
31
3074
313/4
$3174
M-N
'
31
31
J-D
52
Af-N
$52
A-O
$52 ..'7
52
52
53
..
•:
J-D
$22
J-D
$90
97
37
37
i
<;«-
I.-
M-S
V;'?. 95
i eVT
98%
'■
351
37
31-
2
•
31%
-O.
r
-
4
34
4%
107
4
6
4
474
40
4
6
$3172
J-J
J-D
4%
"
•
- 7.
J-J
;
"
Jan
-
Mar
V Jan
Jan
{
A
.
,
,
"xf," without warrant.
Stock Exchange
'
STOCKS— '
V
;
Tel A Tel
American Woolen —
AlUCriUHU
w VU1VM
Anaconda Copper
-60
417a
Inc
Boston & Albany RR
Bird & Son
427a
417a
427a
Edison
16 /'
1217a
—
Jan
Boston
Jan
Boston
45
Feb
Boston
Herald Traveler
A Maine RR—
prior
5-- .-40Vfe
Jan
Jan
121
135
1217a
-
"
33%
3274
(stamped)
pfd (stamped)
D 1st pfd stamped
Vu rt'oi
preferred
907a
Feb
5%
class A 1st
98
Feb
10 ft
'oi
class
32
..100
-100
'
133
550
16
427a Mar
140
Mar
1974
Mar
.
135
119 7a-Mar
•
'-1,691 ' : -437a Mar
5774 Feb
555
34
4
?
90
-
r
447a"
437a
'
50
V
167a
-
33
44% Mar
Feb
1747/a Feb
5074 Feb
-.-447a
Jan
377a
623/4
..100
%
164% Mar
544
61
-100
Jan
397a
"
preferred
High
Low
38%
267/a
62%
Corp—
.
488
.
Elevated Ry
4672
75-
3,234
16"
447a
—
■/■z.,.
41%
3874
39%
—
Range Since Jannary 1
.' V
16474 1667a
427a
407a
166
6% pfd
for Week
High
133
Bigelow-Sanford Carpet
.
of Price. .: Share*
Low
v
American
Sal*,
*
Week's
Range
Last
Sale Price
American Agrl Chemical Co
.100
American Sugar Refining common. „10u
Boston
29
'
*
oonwildated: "wun," eumuU"n-v(" non-voting stock; "v t c," voting trust certificate.;
of deposit; "con. "
EXCHANGES
1%
$5,500
-/
M-S
convertible; "M,» mortgage;
issued; "ww," with warrants;
6^
Bonds—•
I
76%
22
$94% ,96
$93
41%
,
' 135"
/'
,
347a Mar
151
22
V
j-d
78
76%
257a
F-A
Par
High
25%
Mar
674 Mar
*'
.
Amsterdam Casualty———
U
20
327
151 /
40
20 "
520
674".:"
40
-
'"
High /
77
V
..
M-N
above-"cod," certificates
January 1
1"'
3574""
151
__10
10
Fidelity & Guaranty Insurance
21%*'
•
347a
34 %y
Range Since
LOW
*
20'
•
Low
—
257a
Friday
High
Low
Par
• -
$767a
$76 7a
j-j
.
Share.
of Price.
High
ENDING MARCH 21
'
for Week
January 1
No.
,
traded flat.
Sale.
Range <
Sold
Bid A Asked
Sale Price
Kange Since
Bonds
Friday's
or
Last
a-o
»wi," when
9%
RANGE FOR
Week7.
Week's Range
Friday
,
receivership.
Abbreviations used
1027a
102
{Reported In
Boston
doi
Municipalities
a Deferred delivery sale,
d Ex-interest, e Odd-lot sale, f Ex-dlstribution.
nUnder-the-rule sale, r Cash sale, x Ex-dividend. yEx-righU.
and asked prices; no sales being transacted durii* «nrro«» week.
being
A Bonds
V
/
104
•
1
10%
$9%
.
--
"
ViuV-VV V- STOCKS—
102% 102%
:
value,
par
10274
1057a 1057/a
A-O
•No
1007a
99 7a
10
'
/
s
•'.[ Arundpl Corporation :
104
'
Ex-stock dividend.
g
1037a
99 74
63
lOO'/a
100
100
r
583/4
.
103 74
100
A57as
1043/4
103
$103
Sale Price
119
1033/4
55%
10
100
(Plan A)
2%
Government 6%s
Baltimore Stock Exchange
:
110
108
101%
-
—
7
3
100
Last
109ya
1057»
115%
108
107
102
VfV "--
1972
Bank of Denmark 5s
ARussian
111
10574
2
58
j-d
1952
stamped 1958
Rio de Janeiro stamped
Interest reduced to
111%
110
VV'
103 7a 104
1037a
Period
stamped (Plan A)
./
Interest reduced to 27aS——2008.
-
W:
—
57
Interest
Parana
■
—
'T-
Exchange
(Peru) 67as
City
Mortgage
\
$102% 1037a
Friday
/
727a
65
$1097» 1107a
>108
•U
F-A
40
33
.-r
^'30-V I 99%^ 102%
100
>
.
•/••, $118%
—
.1956
I debentures
*
stamped
1951
Bank of Bogota—
A7s (issue of May 1927)———1947
A7s (issue of Oct. 1927)
..1947
AMortgage Bank of Chile 6s
1931
>*%<
j-d
z
r
—
j-d
..+/ 22
65% Wa
667a
a-o
Mortgage
387a
OTHER STOCK
i'rn
111%
.2030
Maranhao stamped (Plan A)
Interest reduced to 27eS....—2008
1047a
10874
2
V 7.
m-s
1954
110%
104
3474
'
'•'/
111 3/4 1113/4
j-j
4s
2004
North Continental Utility Corp—
A5%s series A (90% redeemed)_1948
12
.1964
AMedellin 7s
$111 r' 1117a
106
106
A-O
N Y & Westchester Ltg
104%
110% llOiJ
..I960
—.
Danzig Port A Waterways—
A External
672 s stamped
1067s
l
40%
/
.
104
2;
101
$105
F-A
1948
5s
rrv '37
j-j
New
deb
Conv
102%
.5
;\v
/41'
'
68
65
ALima
373/4
87%
■
62-i
10574
-c-40':;-v'// ;7'."
.
1100
100 7a^
j-j
New
-
%v
103
m-s
Bank (Col)—
April 1946
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s—i
1948
Danish 57as
1955
Extended 5s..
—1953
84
—
1948
1950
1961
5s
104 74
29
>116%'
Jf-N
Agricultural Mortgage
A20-.year 7s
'A20-year 7s
1067a
1047a
36 *" 36
j-d
1947
5s—
1037a
103% 103 %
103
Foreign Governments &
106% 107%
-11
/
$36
m-s
1948
Eng Gas & El Assn
106 74
'
Low
1043/4
2
*68
373/4
V
$36
Af-8
104%
1053/4
27
i
103 7e 10372
A-O
2028
:
New York Curb
1053/4
1
///
10674 10674
V';,
36
j-j;
1963
1967
5s
New
ri 76 :
*, •:>
J-J
1970
1956
Utilities 4s
McCord Corp deb 4Vis
Midland Valley RR—
v .: /.
Extended at 4% to
Milwaukee Gas Light 4 Vis
Kentucky
1047a
.
124.
55
103 7a 104
'•
1966
2022
1969
Kansas
Kansas
37%
j.j
477a
2
2
106
124
107
$104 7a
.
10674/
j-j
1952
1957 ?.
1952
1963
5s.j
477a
36
2
<•,<■
105% 1053/4
367a
104
.
68 ;
C
1037a
Nu::.
V-V.
42
.7
114
.'-W /
1953
5s
'
—
107
■
277a
'
V
•
89 3/4
39
1047a 10472
A-o:
.
108
104
101
,45
>
Co—
3%5
687a
58
'.vV'V/V.
V
$10374
F-A
1952
'—
Power
Interstate
'
F
'■
••'
$40
104%
104
10774
1
119%
119
6
/IO53/4 1053/4
$
-
/
m-n
1957
coupon)
(July 1941 coupon)—it
A7s
-v
1941 coup)
1941
'VV4 V'!;VV'-'"
j-d
E
(Aug
A7s
$ 1047a
-T.'
„
1077a
109
,7
84
'58
$__
mi*''.''' '•1
•'
•
•
-—1955
1955
1957 '•;? F-A
AG%s series
/
•vJ:y«
*
,
A-O
Co—
Income debs
A 5s
10474 1053/4
7
•
-.
$78
A-O
International Power Sec—
C
(Dec 1
:
107%
1067a
9"
42
J-J
Hotel—1
Western Newspaper
7
1077a
,'VV'5
7 30
$120
■/.:/■'/
A-O r ;'?V:
1970
Indianapolis P & L 3V4s
■
f
V
■i,:'.. ■■■■'
j-d
BONDS
1057a 1053/4
j-j
1950
1963
5s—
Service
Indiana
•
j-d
Jan 1949
B
series
6s
j-D
j-j
V
Jan 1949
Hygrade Food 8s ser A
'■■■ /
10674
I
10774 10774
j-j
—
•
•
61
30
mm*
/"VV- — -VV
M-S
1961 '
.:
'
''V'4i'
j-j
m-s
'VI
v
'
'V VV'VV
May
,
,
ir
60
m-n;
•
11
108% 114
.1968
—
Railways (Maine)
.104% 106 ^
1
'.. '■/3;
/
,
993/a
■
>M W ■ V VV':. £/.•''
,
12174
99 3/a
$10372 104
./
Western RR—
Lackawanna of U J Division—
1st mtge 4s ser A
».
1993
A 1st mtge 4s ser B
1993
/Eastern Gas A Fuel 3%s.
.1965
Elnrtra Water Lt A RR 8s
1956
/ Finland Residential Mtge Bank—
Delaware Lack A
.
106
120
104
M -N
1
A Light
Power
1045/e
'V
,106% $0774
10772 1077a
10772
" '
10674
126
119
119
A-O
1954
■
v- 7
10474 1043/4
a
1057s
.5
10874 109
A-O
.1981
>
'
• • »
1027s
Af-Q
:X"V"io4%V
-
West
10274
'42
'
104
*
v
166%
tl04
.1970
.1946
West Penn Electric
1037s
1023/s 1023%
(Bait)—
P
ser
P
159 /
12
12174
121
$100%
a-o
1948
Wash Water Power
•
867a
19
r
1969
ref mtge 3s
106
85
\
A
V
7'- ■"./•\
*
11
10474' "'104 ■" 10472
'■ 1st ref mtge 2%s' ser Q
> 1st ref 23/4S serles-R.
/ Consolidated Gas /(Bait City)—
Gen mtge 4%s.
1013/4
.
2
>104% 105
z
F-A
N J 4s
Waldorf-Astoria
118
66
65
6574'
1047a
16
M-S
.
1/ •.
". 3
115%
165
JV
M-S
.1950
6s series A
114
•
.1989
37aS
United Light A
,
106
1057a
..7
4,\
V
166%
165
j-j
& cons 5Vis
1st lien
r 170
80
108
10774 10774
''/V—105% 10774
$101% 1013-4
.16674
.1971
United Light A Power
114
F-A
Consol Gas El Lt & Pwr
1st
V8
,
'
1
2nd stamped
Electrio
United
$166
i
Q-F
(part paid).1927
-Jan 1966
Debenture 5s
^
103 %
$1003/4 1073/4
J-D
;.1962
1970
1948
1954 '
/ Debenture 58—
;r
119 V4
102%
:
;
A-O
•
.1970
Debenture 6s series A
A5%s
,
1183/4
Utah
—.1960
1998
'Blckford's Inc 6Vis
Boston Edison 2%s.
fACentral States Electric 5s
:i IA Chicago Rys 5s ctfs
Cities Service 5s_
4
15
1023/8 1033/4
J.J
V
J
Bethlehem Steel 6s
10
:
i
3s—..1965
Edison
Gas & Elec 3748
Edison
Toledo
'
1183/4 1183/4
10274 103%".'
M-N
110 Vi
:r
11874
103
>
J-J '
1953
—1955
1964
of Canada—
Bell. Telephone
5s series C
110%
J-J
102
1097s
104%
10774
8
■
V: VW—■ VVl05% 107
(Hugo) Industries—
A7-4s
100%
__
1067a
- 77
r
'
;r;'...
"105% 1053i
—
(Hugo) Corp—
Stinnes
High
Low
*
j-d
a-o
A7-4s 3d stamped
•
No.
$101
"110 l-110%
J- J
Sold
v
High
Low
Writing Paper 6s
Amer
,
or
^
:
Jf-S
L
mtge 3s
Stinnes
Range Since
January 1
Bonds
Friday's
Bid & Asked
Last
,
•
5
.
109
1023/4
4
','
4
$108 Ve 109
■
10874
106.
79%' .:80
$107 74 10872
j-j
.1951
Bpaldlng (A Q) 5s
AStarrett Corp Inc 5s.
Week's Range
Friday '*■'
Interest
4"
//
'
.1952
Qf&i 3 VtBSouthern Counties Gfis (Calif) —
Southwestern
/ BONDS
^
V
California
Southern
1st
.'/:A
v,?
High
Low
No.
High
10874 • 107% 108 74
•/ ._ ■> $10574 105% ~
102%':.ri02% 103 74 4
j"d'/;v/"-
•
.1959
A_.
Lt A Pwr 6s B—
Scuilin Steel inc mtge 3s
:.'
Feb
f-a
j-j
j-d
1964
1948
certificates
perpetual
Southern
-.£1
;
Ltd
,7
•Jf-8
Queens Borough Gas & Electric—
//H
14% Jan
13% Feb '
A-o
of Colorado—
Co
Ban Joaquin
/•
^
V ;«V'
A-O
-Public Servicb of New Jersey—
<1Q% 'Jan
:
1958
4Vis b
(Can)
1st mtge 3Vis
-Sinking fund deb 4s
'187a Feb //- *
•
Feb
-10
100
Corp
Public Service
-
'
10%
10%
—i
;
Range Since
January 1
1
/Sold
Bid & Asked
Low
3748
....—
Jan 'li'-./i'.
Bonds
Friday's
or
•.
'
—1968ii
1971
Pacific Power A Light 5s
1958
;
Park Lexington 1st mtge. 3s—
1964'.
Pennsylvania Water & Power 3748.1964 , .;
37tS
—1970
Feb
400
1st mtge
1st mtge 3s
7
if
•19%
Jan
;
Week's Range
Last
Sale Price
,V Period
'
Ohio Power
13%
,li
"io%
16%
.25
deposit/receipts-
preference
Jan
22l/2 Mar
>
_a
Petroleum
Wool worth (F W) Ltd—
6%
'y !' iijlM'*' "
•«*
Interest
...,
'''///
" Mar
19
Jan
15%
•
*"*■
:
■\t: /.Mr Pf
V
—I
Woodley
American'
•18
bonds/
■V^..)w/'/ ..vJpJew .?Tork Curb Exchange
>/', High t:
VJ
,-Loio\
•VViV.'UV Low_ High V'Uw;%'•
''
Elbe common
Wisconsin P & JL AV2% pfdWolverine Portland CementWoodall industries Inc
.
V Shares
.10
Winnipeg
Wright Hargreaves
Friday
:,
Range Sinee January 1
1
—I
«H. v' ^s-ry*-'
W\//
-
for Week
-of Prices
—10
Westmoreland Inc
Weyenberg Shoe Mfg—
Whitman (Wm) A Co-.
Wichita River Oil Corp.,—
Williams (II C) A Co-—
Wlllson Products Incl r., ....
Wilson Brothers common.
5ft preferred w W—.
7
Sales
Range
•«<
Sale Price
•
-a
MARCH 21
RANGE FOR WEEK ENDING
.'i'A;
t|
EXCHANGE ,,*■4
CURB
"VJ
.» •
1617
:
THE COMMERCIAL & FINANCIAL CHRONICLE
*>
'
33
14&
70
67a
67*"
07a
874 "
112
142
6
Mar
8
Jan
Jan
Jan
Feb
697/a Jan
377a
Jan
39%
3174 Mar
Mar
50 7a
,
3072 Mar
4
>.
"
Jan
v.
Feb
4
Mar
8
Feb
1174
Feb
■csJ
1618
THE COMMERCIAL ft FINANCIAL CHRONICLE
Monday, March
24,1947
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING MARCH 21''
Friday
Week's
Last
btocrs—
.
poston
Persona}
Boston
&
Calumet
ft',
Gas & Fuel
preferred
Eastern
HVo
4
ft
►
-I
.'.
'v
ft
.
Mass
5¥e. pfd
'
,.
*
rT..,T100
Street
1
.
Eastern
BS
■
».
'
*
*64'.;
Ry—
Inc
•'
•
•
•
•
t
]
.•
ft
29%
Butte
Old
Colony
Pacific
(N
Shawmut
ft
1.
24 ¥2
29%29%
20 ye Mar *
United
6%
Jani
/;t
Qak
Feb
273/4
29 Va
44%
46
70%
72%
70% Mar
6%
51%
19
—,-?-50
6%
17%
16%
1Q9
108
6*
19
1%
100
135
*
22
3
98% Jan
21%
333/8
34
14%
13%
14%
15 ¥s
14%
Serriok
,:1
' 1
-*283/e
21 v*
Jan
15% ft
14 % Mar
30%
[,
j
Feb
?
45
,—--5
43 ¥2
2.50
25
common
preferred
new
Feb
46
3A
60 ¥s
50%
U 8 Steel common.
Feb
177/b
Jan
Jan
153/4 Mar
17%
283/4
Wieboldt
Woodall
Bankshares
Indust
Yates-Amer
Feb
Jan
m
m 1
iii|.nna8jin' »i
Friday
Week's
Last
Par
Ball
Bearing
Allied Laboratories
Co
<s
Asbestos
*
common
Athw
common
;—0
Products capital
Bastian-Blessing
Mig
Co
Co
common
Convertible preferred
Central S W Util common.
Central States Power &
11
Electric
Flour
Fox
of
(Peter)
General
Brewing
Amer
151/4
l
1%
7%
Great
(H
0
Lakes
Dr
Dk
common
1
1
Kellogg Switchboard common
Kentucky Util Jr cum pfd—
Leath & Co
common
Libby McNeil to
Lincoln
Lindsay
For
Lt
Ac
Chem
footnotes
common
see
page
1626.
Feb
15% Mar
20
1% Mar
Jan
23/8
7 % Mar
150
20
100
Feb
8V8
33
22%
Feb
.•37%'
Jan
63
Jan
7
Jan
291/4
50
23%
Jan
31%
7Va Mar
9'%
303/4
150
30% Mar
i2
90
19%
300
15%
1,000
400
19%
-
r
50
8%
28%
1,300
Feb
Jan
23%
133/4 Feb
15%
33%
11
1
13%
•
10 y8
23%
Feb
Feb
21
10%
Feb
24%
;
Feb
14
Mar
63 ¥2 Mar
650
22%
15
.15
70
125/a
Feb
6 ¥4
Feb
34% Mac
3% J* n
39%
Feb
5%
Feb
67/8
19 %
Feb
22%
Feb
33¥a
Jan
r.30Q
35 ¥2
43/a
55/a
5¥a
::
18*
29¥s
6 ¥2
6 ¥2
13%
•
■■......
13%
-
223/4
14
13 Va
is
6
Mar
17%
100
24 ¥a
Jan
150
29%
22
Jan
25
50
15 ¥2 Mar
50
3%
Feb
10%
Feb
'
100
650
; 400
v
29
H
1,000:
21¥a
200
"64
> ,
3%
'•
700
Jan
8 ¥4 Mar
55% Mar
50
23
Last
ft
70
Jan
17
•
Feb
24%
Jan
Feb
10 ¥» Mar
ft. 3% Mar
>^53%
4
.
% Jan
Jftn
J5
18
6V4
15
Street
-.
—
.2
>'>13%
.
Feb
10
Feb
Feb
Jan
29
'
Feb
9¥a
Jan
107/e
Feb
Jan
Feb
39 y2 Mar
21 ¥4
26 ¥2 Mar
106 ¥2 Mar
ft " 29%
Feb* '
ft:
Feb
425?
ft
•
20
*•12% Mar
Mar
110
ftV
14 ¥2
95% Mar
78
ft"'
99 ¥2
•>?•
14
22
r-
120
20
Jan
ft?
62
Mar
•ft.-
40
Jan
ft 14%
Jan
ft/56
62>ft 62 ^
L___
ft ft
preferred...™,.-,.
",r
.2
*
Tel...",.
-
:
City Ice & Fuel..
Columbia Gas
2
53
'ftft 1001>
46% ; ft? ft 162 ft
Feb
Feb
Feb
Jan
>
Feb
¥4
Feb
243/4
Feb
12
♦
; 62 ¥a
,
25
ft./'. 4%.ft;':''
' .ftw'
4¥2ft
15-
—ZTfft
44
-..-50
50
10
-
4%2 ft
15%
I
,44
-
*
•■
,.
V
463
5(h
\
ft'ft75
t
■ft>27%
Jap
Feb
Jan
60%
ft'
,
I
41%
Jan v;
Jan
ftftft ;■>
Feb
5% Feb
.'- '16% Jan ft
•
Jan
_
8 i: "Jan
6%
Jan
IQ
41
h
■
Majft
49 ¥2
ftif;
-10
.
Jan
-Mar
5%
•ft. 37/t| Jan
13% Jan
'•
50
V
v.;;-.?50¥8
8
100"
^
*
____
>
Mar
453/4 Mar
90
-
5%,
62%Cftft
60¥a
;'ft'^0.y2'; Mar
ft 52 ¥4 Jaar•
41
5%>
•
69 ft ; Jan
"42% Jan
;
25%
♦
*
49
•
•••v.
.
; Feb
52¥»
Feb
10% Jan
"
-".J-ft'r
i__ftL
American Rolling
Oil
19
...
:
v
ft"-;-ft. ft/./
ft' 19% ft-ft
;130
19%^
8
American Tel du
ft30>
43 <ft';
";85 v;
46¥5,,ftft.45%
25':M/ 25 ft
-
2
Bank
Service
Kgg'ft
Mar
400
i...
B._™^.._.__^_.
Printing
Printing
Canada
Mar
'fti;
-.'i*
—u
Cities
.Jan
103^ Mar!
11 ¥4 Jan
.-50
Gambia—
Allied,. Stores
17
23 f
"
273/a
¥a
C
J7
103/8
ftS?: >; 4o%'^ft-4o%
Motors ft.*
National Pnmpavv>i>.
S
'
96 ¥2
215/8
-
Jan
Jaif
22'. ?
'• ^
II ¥2
LunkeniipjmeJ^^.
Western
52
Higb
37%
""'7 ft
11 ¥2
"■:.
U
-
v'V'-ft;'i:
Jan
75
23
17
96 ¥4
;
if*
-.2—
5.;--
Jan
V
32%
,ft 6 ¥4 Mar
.
v
A
Randall class
Rapid
5 6'A
24y2
96%
...10
Kroger.-^-^.^.
S
.232
106¥2 107 ft;
,'• *• 3
.; 12% 13s/s ..-ft 1,046
,
Kahn
U
;:
■
-;^ft>^;io%
*
Gibson Art
Hobart class
Low
6¥#
."ftft.
—50
RangeSince Januafy
" 4Q7
18
•
27 ■''-XXi 26 ¥2
..100
;
ft
23
Jan
15%
0%,
•
.8.50
-
.Shares-n:
34 ¥4
18
.
-
High
32¥2
>>
for Week
of Prices
.
Low
_20
:_2£._32l^.:
Feb
Jan
20 ¥2
Jan
Feb
Salea
Range
.
Par
—3-^-1
Preferred
Cincinnati
Feb
200
26 ¥4
30%
;:i5'#-fjair
Jan
77/a
Feb
Exchange
Week's
Sale Price
Cincinnati Gas
common.'^:.. -
Jan
I
1,000
350
"
Feb
15%
Mar
Feb
10%
Mar
>
21
Feb
Feb
.24 V*
13% Jan
v
Feb
Jan
30%
Jan
.
Feb
7s/a
25% Jan
;-!v4oo "i1,000 ■■■:
"1,400 '
10/;.'
»
2,400r! :VI3%
?■;
153/4
13
Jan
14%
Jan
■8% Jan.
400
Jan
31
.>21%.
>
>
300'?
13 ¥a- •14%
64
65%
,;-2— ', ^
.._L._2_2._8 ft
UhllrteA—
13 ¥2
ftijap
'
9J%
33/8
900 *'
11% Jap
//100^ ::24% Mar
25
Jan
14 ¥4
27%
14%
Jan
>17 > Jap
28% Mar
.'
-200
>
.24¥s
8%
¥4
27%
»
15%
.Mar
-
S¥2
Mar
•
200:/.
25
24 %
ft 5%
^r;.4O0;'A'
6% >
13 %
25
,
.
600 ~
'900 :'.••
17%
42.
ft
1,100
rl.PQO
& %
v
17 ¥♦
17
Feb
25
36
Feb
Mar
23%
-
9%" Jan
-53% Jap
7 ¥2 Mar
>9%
2
Procter &
40
10 y8
10
1
Meteor
23 ¥8
Jap
10:
1434
'
Mar
Feb
41% "Feb
11%
21
Burger Brewing
Churngold
Feb
10
20
Jan
Feb
17
20 3/4
33%
Feb
Jan
200
23%
37 ¥2
5%
Jnn
Jan
16% Mar
Feb
16
20
20
36
914
31 ¥4
Jan
350
10
■i
Jan
Va
iq¥2 Mar
eoa
.
2834
•„
Eagle-Picher
8%
i' 23%
Baldwin
Feb
65
Jan
15
14
3¥8
14
600
18
2%
com
.
Jan
55%
233/8
7
Balcrank
93/b
9%
50
33/4
500
200
;4oo
16%
»
Cincinnati ..Telephone.
Crosley Corp >.._™.___2
Dow Drug '....
Mar
16%.,Feb
12% Febi
11%
10
■XXX..
Jan
18
300
U
Jan
17 ¥4
5
American Laundry
Machinery..
Jan
8%
1
Feb;
Jan
20%
15%
Jan
10%
•
STOCKS—
19%
55%
...50
31
18
20%
25
Jan
Jan
20%
X231/4
12%
150
:;79¥^>eb"
X 23% Jap
13 ¥2 Jan ;,:
16 ¥8
Friday
54%
Jan
r-
10 ¥4
28
/ 2 Preferred
153/4
'300
:v
,4%
14%
345/a
Co-Inc.—
Jan
7'% Jan
300
23%
Jan
¥> Feb
Feb 1
Feb
/
17 ¥4
1
Jan
28
1,500
15%
16
400
66
19
12% Mar
,
:
~S9% Mar-'
39
Feb
13%
193/4
64
Jan
133/4
7.% Mar
IOO
19
33¥a
Feb
sf
-
W/a Jai|
f X
•
1,200
;
^
38%
Cincinnati Stock
Feb
99
52
2,200
14%
'15
4
5¥8
50 V2
500
19
¥8
43/8
18
20
7%
28%
19
100
54
89 3% "Jan
1,000
30%
t
...
Feb
25
1§% Jan
27
100
7%
58:,/4
'
llVa Mar
4
50
52
19%
300 r
33 ¥»
Feb
86
10
27%
9»/8
22% Mar
5,400
10%
/
'<
Jan
200
9¥4
15
Oil
26¥a Jan
i
Jan
41%.:
Jan
30%
22% Jan
13% dsn
Jan
29'A
9
'•
Jan- ;
11
10
9% Feb
65V4 Mar
85
24
200
Jan
24%
Jan
7% Mar
70% Jan
19%
66
•
/■.:
ft,)
Feb
30
•
Libby common
Printing Co common—,
Mar
193/4 Mar
-400 /
>
21
143/a
1
Standard Oil of N J
Standard Steel Spring
Btudebaker Corp common.;
Sunray Oil. Corp
United Corp
Wllaon A C& oopunon.
Feb
23%
11¥b
1Q1/4
....
Katz Drug Co common
Fpb
x29
15% Mar
14%
,
Xndep pneum Tool (new)
Indiana Steel Prod common
Jiin Brpwn Stores
Ipc common
preferred
21
3
'•
Bibb Spencer Bartlett
common
jUUnois prick Co
capital—
Illinois Central RR common
Class A
17% Mar
20% Mar
77
7%
1%
Socooy Vacuum
Feb
; • 550
57%
10
...
—
Jan
16%
1,300
52
19%
•
common
New
103/4
;
Jan
65
27%
10
•
Feb
51
14%
.50
Radio-Keith-Orpheum
Feb
Feb
Jan
14%
15
_•
Harnischfeger Corp common
Hetteman Brewing Co G
capital
Hein Werner Corp
c
13%
73/4
18%
common
&
173/4
8
.1;
1
19
300
10
Republic .Steel Oorp
common.—
50 vT Jan
14V2
11%
common.
Hammond Instrument Co
Feb
150
18%
5
5
17% Mar
24
11
*
oom
Radio Oorp of America
common..—;—*
Feb
143/4
% Mar
90
19
l'A
common
W)
Jan
21
,
Mar
40
8
65
•
Inc
11
40
221/4
7%
10
Corp common
Refrigerator Co common
Gillette Safety Razor
common—
Bros
Jan
37
Jan
100
7%
22
30%
Motors
Co
Feb
1,200
'
8%
23
Gibson
Goldblatt
7%
31% Mar
100
10%
29'A
6
Feb
'
'
20"
14%
4
P&cksriL Motor Car
Pan Amer
Airways Corp
Paramount Pictures Inc new
Pepsi-Cola Co—
Puts OH Co
(The) common,
Feb
Feb
77
Candy class A
General Finance
Corp common
Gossard
Mar
53/4
100
15
10%
7%
General
General
^
13%
6 % Mar
300
1%
15
•
Inc
Feb H.
42
250-
:
;
38
Fdh
993/4
¥2
Feb-
Jan '
393%
200
>
12 ¥2
14 ¥2
Corp
-
New York Central RR
capital
North American Co
Feb
*
161/4
10%
1
common
Transp
35/e
Jan
4
950
:
%
15%
15
new
/ft -•I7V4
13% Mar
?'
,
lAeiedrGas Light.
Nash-Kelvlnator Oorp
15>/4 Mar
-
105/b Mar
100
commo
America
Jan
2% Mar
600
Household Util Corp
Mills
13
1/128 Mar
Jan
18
Products Co common
(TQhe) Co Inc
18% JflP
,".'9.¥4 Feb
' •>34 ¥2 Feb
650"
11
2
—5
Graham-Paige Motors
Feb
14
21
Club Alum
Feb
15% Mar
v
-
General
Jan
." 174%
19 y4
17%
Co common
Dodge MTg Corp common
Eddy Paper Corp (The)..
19 ¥4
133/4
20%
Chicago & Southern Air Lines.
Chicago Towel Co com capital..
Feb
850
10
•
Feb
250
12Va
5
113/4
1,250
41
1
Jan
164y8 Mar
300
11%
40%
14%
preferred
Commonwealth Edison
•"
Feb
r-: 18%
1,000
14%
..
11%
Light pfd
Jan
12 ¥a
293,4
;.
21
Farnsworth Television A
Radio.
Electric Co
Feb
7%
9 Va
100
13%
10%
Jan
•5%
200
-v
14
14%
Cherry Burrell Corp common
Chicago Corp common
Coleman
'
450
133/4
20
40%
50c
Jan
-12 8 3A
31¥a
73
12
Curtiss-wright
High
-
•
common
12 ¥4
:
*:
52%
;;
96
21
Continental Motors
I
8¥s Mar
v
850
32%
20%
1
common
Corp
900
6%
10
Carr-Consolidated Biscuit
Cities Service
5
6%
31%
14%
Range Since January
Low
IP/a
5
1
(E J) capital
Ring common:
Burton-Dixie Corp
Butler Brothers common
Share*
10%
/
11%
.10
—1
-I
20 ¥a
72
.
common-,..—,-*
cap.i—
*
993/4
^
11
Certain-teed Products
Columbia Gas dc Electric
Sales
181/4
18% w-nif 250
164% 166%
800
13%
14%
1,150
; 2,750
2%
2%
1/128 1/64
1,500
6%
•
common
Central Illinois Secur
10
v:
3
Piston
Convertible
-14%
3
Brach ti Sons
KX-.:
166
—4
Berghoff Brewing Corp
Binks Mfg Co capital™
Borg (George Wi Corp
Burd
c
1/128
Automatic Washer common
Aviation Corp (Delaware)
Beiden
>r-18y4
1 '.— 2%
i
w
-'X}
Jan
7¥4 Jah
; • 2$
Mac
"60
24%
29
Feb
Feb
~
8%
."
1,600
343/4
52
Feb
',
300
¥s
30
20%
34
24%
•
Rolling1 Mill
Anaconda Copper Mining™...
for Week
9%
6%
53A
10%
n
common--
Macb
Unlisted Stocks—
American
High
9
5
•
Mfsr Co common
Warrants
Low
1
common
Americun Tel & Tel Co
capital—-.100
Armour
Range
of Prices
Sale Price
m
Stores Inc common
Wisconsin
Chicago Stock Exchange
Aetna
17¥a
pommon....,—,
2
Sal}e St Corp—*
La
Feb
23%
25%
1
Alleghany
Admiral Corp common
Advanced Alum Castings
40 ¥2
X29
'30
1Q3/4 Mar v.-,,
'3O0~
40%
Jan
32:.! j
.
iq,
_-'_.2___.
.2
10
1_™,____»
37 ¥4
37
47%
28 %
30%
*
11%
ftft.c-.rri
¥4- 3 7 ¥4
33 ¥<
.
34 M
50
'
126
165¥ft166%
37 ¥4 Mar
ft.
47
47"V48%
146
>28%" 30
30 ¥4
10 ¥2
.
-
1
Mar
53/4
38%
-x24¥i Mar
300
29
•
Jan
250
14;,,.;
353/4'
20%
Carbide ■&; Carbon
capital-——*
American Radiator A 8t
Ban
ftftft
;
26¥a Feb
Jan
-
<
250
-17%
Machine. Tool
Union
Feb
16%
' sr-
12 ¥a
ft.ftrft STOCKS-— ftftft;ft,
«50
2,150
34
—5
;
Feb
Jan
Jan
<
common..
40%
208 South
:
Jan
Jan
43%
.
Co
113/4
71
Jan
483/4
System Inc
D)
.8%
28
Certificates of. deposit..^.^.——
Trane Cq (The)
Jan
Jan
453/4
10
Westlnghouse Electric Corp
StockyaEds-xapitah—
(Indj; ca^itgi^hii-i:. ...10
;
37% Feb
46
51%
.
67
-
50
com—
Feb
Jan
9 ¥2 Mar
70
25
Smelting Ref $ Min
Jan
443A
49%
—
Machinery
28 3/4
35
Jan
12
-/
J
35 •( Map
'
.43%
'v.
t-
'
Feb •''
9 ¥4
i
35 y4
Inc
15%
-
Feb
1
; 60
Mar?/:
5¥a Mar
1
Swift
,47% Feb
11 ¥2
8%
19 ¥4
,
10%
lf/4
13%
Nat
12
400
28
45 ¥4
common—5
& Co capital
stocki.-V----.—-25
Swift International Co Ltd—
i
103/a
25 ¥o
.
103/4
5
Bundstrand
|5% Mar
i
28
Sunbeam Corp common.r.™.™—-*
•
Drill
--1
21% Mar
"550
,
Feb
29 ¥2 Mar
;
*
•
303/8 Mar
>
: 43 ¥2
¥•>•35 vi .u&t
6^ Mar-
100
36 3%
-
Feb
360
27'
v
'l~
Feb
Jan
43Q
353/4
2
Standard Oil
'
1,300
29 ft
Feb
64¥8-peb #
■
'
¥4
5
27
—*
—,
■i-vx.3Or
'.'SO
,f
13
29
porpi.QOmmon^.—...*
common
^
Feb
>20 ¥,
-1/
•-'23% Mar .--v' 263/4
Feb
r-176
Jan-¥A.' 190 iv
Feb
•■M4'g ; Jan v
ISO--:
2,650
5%
^jdup^ipn-^—n*--
Stewart-Warner.Corp:.c,ommnn™
Feb
26"%
?•
v
26
200-
22 ¥2
ft
22
'•■18:'.;
Jan.
Jan
'•
.
63/^
13
Spiegel Inc
Jan
Jan
Mar
t 13%
Prod
St Louis
Mar
4
6 ¥a
5
22 ¥4
South Send Lathe tWorkspeapit*!
>
135
6%
commonrl^.l.i.— .1.10
j&r-Opr_:
.•180/
Jan
l«%
56
•v
4 j.50
'ft-ft 8%
•,1,300
35>?; 35¥BV350
35%.
Sigpode Bteel Strap common.—-v--,-*
Sinclair Oil
Cor.p^._iy2T_^-v/2r--r—
Society Brand, clothes.; commQH.2-—-I
"I
Feb ft
ft
v
18CL
V" ni/16%
8
.—50
Corp class B- common—^
Shellmar
:
j:
Mar
Feb
■X- 2 %
223/4
33%
——1
110
Packing'
Sears Roebuck;
i
121
Jan
1¥? Jan
Mar
1% Jan
^
—*
(S
'
-430?; ¥?:'29% /Feb?'?
v> 39% Jan
100
:'
V165-. 465?:
-2%
/^new)
303/B
40
1
>
-23% 424%
(The > commorr_t JT_—— j—1
Sangamo ElectNc:
'
Feb
21
" Feb
19% Feb
,
120
Vi
_
;. Rath
Feb
6Q%
Jan
105
135
2%
7%
Circlet Cotp
Potter Co
j
Feb
51¥« Jan
78 Vk Feb
Jan
143/4
1%
.—50
Warren
,
SioO'/
'
common...... —1
Pennsylvania-RWcap|!iftE;i--_____i:!
,
t
HO
108%
105
^-^-lOO >
ft
Feb
3
Jan
Jan
54
18%
%m
;
6
j
Manufacturing
perfeot
lO'A
¥4 Jan
443/4 Mar
?;%
--—*
'.
Jan
Jan
33
Mar
443A
30
18Q
Parker pen ,Co, (Thel common.™. —25
peahody Coah Co- eJasas.® com—
—5
16
18%
28% '29% •"
aa¥) Jan
Jan
8¥»
H)—
Waldorf
100
.>230
57% 468%
-1QQ
59 ¥«
.
Drug
:«
2,500
•
18 4;
^
'.100
4% ;preferred
40
18
2
U 8 Rubber
U S
30
Northwest Util. pp-lled^pfd—
34% mi
13% Feb
27% Mor
8%
Co
Shoe
04%M»r
53 %, Jan
ft,
2%
Torrlngton Co
Fruit
45 ¥t
40
55%ft
K
Twist
-29% -Jan
'
: 31%
peb
.22¥4 Mar -.?;V
:30
Jan
20
Jan Xi
24¥a .Feb
;
9¥i Jan
■>, '
13% Feb
•.^15% Jan " ;;•• 16%
Feb
4 250,
42%
1
High
'
1,000
16%
■:
20'i -: 2Q»/a
v'l- 23%
36
8%
RR
United-Rexall
-V.
.22 Va
12%
r.
*
Natiopah Standard ¥ North Amerlcah'Gar',.PUB«noh-2rj_.
Northwest Banqprp ^cpmmon/il'—.
Jan
5,
January
Low
•
400:.
.
.18% 1
•-4
A—
H%
2%
Assn
United
47
2Q% ft#'?.
23% Jan
;
1
stone li Webster Inc
Union
IW/i Jan
^35*.. -Feb:,
-r—15
common
Pennsylvania
105% Mar
,;
Motor. Spec:.class
28%
*
_
RR-,
Mills
Range Since
.'V".
4
31 ¥s
22% ,23
Montgomery, ward &
Muskegon
;
'
34%
16
?-r—*
Co
Mining
RR
-
35 %
89%1
Narragansett Rgc'g Assn Inc
—1
Nash-Kejvinator
--—5
New England Gas & Elec Assn—
5V9V0
preferred
New England Tel & Tel—
100
North
;
'
21%
Modine Mfg common .(new)...:.—
Jan
55 Ve
Safety Razor
Northern
31 ¥o
ir-.^-- */
common ™_1 i-;,
35%
_.
...
.
High,
15 ¥4
Jan
90 Vi
22 %
—
.,
^67
28%
.
Maine Central RR common..—-,-400
Mergenthaler
Linotype
—*
v
Feb
; Mar
35 y2
„
—1
Hathaway Baking common
Isle Royaje Copper—
-Kennecott
Copper
Lone Star Cement
:
63
92
107% 110
135'/a .I
First National Stores
Genera) lElectrks
Gillette
Feb
MifinfiapoHsv Brewing Go-
92
•
common™..—*
Group Assoc—
Enfipeers public Service..
Co
3l¥a
L0W
Mickleherry's 1 Fpod Products^—-^3:1: ; • 23
Middle West Cprp capital.^;—--—3^. :22%
Miller & Hart Ipcvconimon,-Yt9™Liii-- ,v '<;T2¥4
Feb
/
Employers
Gilchrist
'
•
X65
9?
100
'
'
.
Lines
-
Marshall Field &. Co commoni-I-.L-uA
Feb
23% Jan
.
*
Feb
8%
30.03
r
'
'Shares
•
Par
Jan
*
30
Jan
20.34 Mar
124
18
Mar
7%
13
.
Jan
25
66
High
:
for Week
Associates—»
adjustment—
'
•
14%
80
.
preferred series A—T
100
preferred B—-.__r__..400
"
25-
7%
7%
?9-34 29.34
25% 29^
1st
t'/c
160
V
.
low
Sales
'
Range '
Sal® PricePrices
Range Since January !
y; ..•
16
25
¥2,
_______1 ft,". .ft
T—Trr_—10
—
High
15
7
■
e</p
16
.-,.,..,.100
Trust.™
Eastern
ft'
Trust.——*
RR
Shares
Low.
Hecia
&
Century Shares
C}tles Service
<
Prop
Providence
Friday;/-Week's
for Week
of Prices
-
Far
"
Sales
Rang©
Sale Pric®
'
,
1
''I
115
303/a
94
ll5/«j
938'
32% Mar
165 ¥e Mar
47
:
37%
.
23%
Jan
Jan
48% Mar
31%
•
—
10% Mar
Feb
ft...v l66¥a Mar
Mar
30
-"ft, ' V
»"•. M
37 ¥4 Mai*
--32¥«
,
:
Peto
Feb
Jan
II
1619
THNiJQlfSIERCIAL & FINANCIAi; CHRONICLE
Number 4579
Volume 165
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING MARCH 21
•\C.-,?.-.,•■■■ : o
C
Friday;Week's
'••'
■■
'
'
Last'
,
:
•/
\$:*i
STOCKS—:'' *.^v
'**•'
Dayton Power Light.
Federated Department
__
34% Mar
51% :Jan
£$7777
7 187" 8
.Ohio. Oil;
^2,ra,;
2*%V-22%:7:"; so!
Paekard;-:__---^.--^^-----_—- 6%. ■: ■'V.6%': -6%c: ' 1 :>50i''
Pennsylvania.'.RRr
V
v;-..--.22%v22% ?•/ 7' 53 ~
i:i\
•".••'/• \ ? >\Vv•'
■ '*!•' ^-"/37'V7Vv/7:v!-v} m "«• *.--^V • /•; \'i'' • H-VV V-«H-W,»J-r..;1
...—,
'
65 ,<
Rad.io
>.
/•••.'■;-, *.
;—
•
••■"".>
-,. „■
-s, •
.
Standard Brands
-
.A"". -•■■■*
^
_>.
•
8%
22% Mar
22% Mar
Steel '
S
■*'■•
•■
■"
-
•
'
■
•
•
.
.
Lock
i;.
33% Mar
1
Kingston. Products
' 21% Mar
26% Mar
7,1% Mar
73
■'
25% Mar
LaSalle
Screw Prod
Masco
; Mar
,
common
25% Mar
.
McClanaban Oil
common
Cleveland Stock IExchange
ST0®^Sr^.vv
■
c''
v,v
SftlePricv
!^
Pan
Tel
American
A^TJel ^ (Oh)
14
100
■
-
__
_£*
275
Wh)—24;
-4
•
*- )
29%
Gray
Preferred
; " --./V
common——100 V
29
'
____100
____
Greif Bfos Cooperage
>
♦
Class
!_5 :
AH4% /ptd2— __—v
Hanna
(M A)
Indu^riai
3d 1 30
105V4 105»/4
J,
Halle Bros common
'
a54% a55%
21
21
28% 29
70% 70%
^5."•; .15 -
__
Drug Stores
Great Lakes;Towing
'
•
_-
jgtayon
39%
Feb
,65%
Feb
49%
Jan
LamsdtT&
:
Sessiona_l-!-_—
Brick—
Metropolitan Paving
National."Tile
•,N Y Cenjtral
Packer
7%
}•<
T- t
.
-V
33
*
Corp
.'V v
;
4"-
«
^
;
4
-
-»•
*1
•
—
•
(Un)
,
; •■ a2l%.;a22%,
:'x: ^\4rV"<',Vi
■—oy).-:
Pcnpsyiyap'ARK^iJny
Radio Corp of Amer
a22%a22%
33
33V
.
'
'
'
,
Rlclunan Bma„
* ;;"V
_10 •. v
Seiberling Rubber
—^—
Standard Oil of Ohio commonS
U
Publishing—
Yohngstowh' Sheet
—
*
—
*
):—:—
__
-
dfc•■Tabe,,,.,....^.—65ya)Sd1/*.
.
39
16.%,
Jan
:
Jan
Jan
Jan
2%
Feb
>
2%.
3QD.
A
Jah
2%
Jan
j'
in^.sjx^—1
■
BROKERAGE
AND
.
FACILITIES
Listed
Week's
Unlisted Issues
—
FRANCISCO
7
STOCKS—
SalePriee
'
-
,21 % Jan,
24%
Jan
35% Mar
33 > Mar
21% liar
-
26%
7
8% Jan
10%
Feb
Jan
20%
•V Barker
Feb
16
-
/ 307/a
25% Jan
50% Jan
13%
-23%
Jan
Jan •*
tV
68%
<;
Vi
Jan
a25 'A a26
Consolidated _——1
% 79%
V •••>; V
Dept Store new
Broadway
26% Mar
34
Jan"
62 y« Jan
72%
Feb
Central
Certain-Teed Products
Corp—
a94% a97%
Exchange
(The)
Garrett Corp
Randolph 5530
——
common.
General Paint Corp common—
Gladding, McBean & Co
.
Goodyear Tire & Rubber Co com
General Motors Corp
16%
Feb
20
Feb
Feb"
34 Ys
Feb
23%
Jan
21%
Feb
13%. Jan /
20
28
19
390
a67% a67%
59%
a__
718% Mar "
200
1,164
1.70
2,200
1.60
Mar
.; 19
77 30
18Va 18%
-14
14
1.60
350;,
26%
870
19%
27%
345
350
• i a55%
>7
class A common
Holly Development Co__
Hudson Motor Car Company
Hancock Oil Co
Detroit Stock Exchange
Friday
Last
Sale Price
stocks—
Products common..
American Metal
;
Baldwin Rubber common
'
\
'
BTigga
■
■
*
.
Brown
}
'• '•
«;
Edison
Navigation
common
1
10
20
1
1
1
Gray
Blectromaster.
Federal
Motor
Ino
;
*
1
1
3
Truck
Brewing
Fruehauf. Trailer common.,
Frankenmuth
Gar
Wood Inc
common:
For footnotes
see page
1626.
,.
93%
Vs.
20
__10
Iron common
Detroit-Michigan Stove
Detroit
93%,
5
Bros
14%
2
Shares
Range Since January
20
2% Mar
1,100
9%
330
100
240
Feb
Ffeb
2.50.
11% Jan
12%
Feb,
110
34% Mar
40
Feb
1,000
2 y8 Mar
2%
Jan
14% Mar
15%
Jan
355
L
4
700
7%
7% Mar
1,200
3,214
3%
3%
3%
11%
11 Vb
3%
3%
32%
^1%
-4%
32 y8
7%
1,538
100
58%
470
9% Mar
8
Jan
6'/2
Jan
27 y4
Jan
Jan
3%
Feb
12%
Feb
3 % Mar
4%
Feb
3
',
11% Mar
4% Mar
150,
32 Vb Mar
>.
7% Mar
14%
6y4
——1
',.
Angeles
-•
Feb
Jan
32 Vb Mar
9% Feb.
Corp
Investment Co
•'
''
V..
V:
lOo
~1
100
85c
82
Petroleum Company
Corporation, Ltd
Occidental Petroleum Corp—.
—-1
1
7" 2%
22
55o
2%
L750l
Oceanic Oil Co—,
Products
—
Corp common
Pacific Gas & Elec common
S'/o 1st pieferred
5%%
1st preferred
/Pacific
Clay
Pacific Finance
"
18
1,260
5,600
15%
Puget
Sound
-*
10 7 a —
*7 40%
25.
—25
8
Pulp & Timber
•
-1
Republic Petroleum Co common
5 % VS^pref er F«dr-^>—»—
^0
f 16% Jan
'
;
50
12
260
.7,900
5,400
16c
17c
45C
1.65
1.70
3,500
13
100
al5%
41%
al6
40%
41%
38
38
.600
,
'
48c
265
u12c
100
13%
40 %
115
300
35%
4
Mar
40
*7 J
73
215
=
60
26%
Jan .;
Jan
Mar
Feb
5,100
9
Jan
200
51
Jan
Jan
Feb
Feb
2.05
Jan
377
Jan
62 %c
Jan
'Jan
14
Feb
22c
Jan
1.10
3%
Feb
Jan
60c
Jan
30c
'
Mar
...
1.60
19
Jan
-
2% Mar
605 .;
2%
a58% a59%
29/a
29/a 29/a
11
™
^
52
52
—
4
9%
Jan
40c
40%
Feb
Feb
22
Jan
7/,
Feb
1.00 Feb
Jan
1.25
17%
!;
Jan
7%
<6% Jan
*
Corp common
Pacific Lighting
16c
45c
29
Jan 7
Feb
,65o
500
15
Nordon
Feb
Jan
Feb
Mar
2,630
55c
97%
30y4
,
5% Mar
185
;
58% Mar
v: 1.35
Jan
al^alJVf
52 %c
Feb
Jan
16
125
15'/si
16
1.30 1 40
34
1.00 Mar
175.
^
'
Feb
•
13,600
al8c
VA
7
<
Feb
28
Jan
^65
-.y.'V[.r
Manufacturing Co..
80c
al8c
Jan
65
Jan
— —
;;*v'
1
1
Menasco
i
16
1.30
—
—
Petroleum Co
Lockheed Aircraft
■
85c
a^c
,. 7%
—
30
54
a2iy»aJi /8
B'8
'10
v
V 21% Jan
107
Feb
9% Feb
Jan
52%
351
95 97%
1.00 1 05
\T/* JJ3?
—
10o
10c
1
Corp
Wells CO—
^com
Los
Feb
20% Feb
Jan
500-
120
101 %
11 Ye Mar
210
Lane
Merchants
5% Mar
25 V*
100
11 ys
Jan
19% Mar
V 350/
5%
.
88
no
26%
4%-
--
1.05
Jan
350
Jan
7%
844
59%,
23%
23%
:
30
31
a54% a55%
— 7
L.7
Kaiser-Frazer Corp
Jan
5%
18%
5J/4
11%' 11% ;
:43y4
Jan
15% Jan
25%
32%
Corporation
Intercoast Petroleum
Jade Oil Co
100
1,500
5%
4
I
High
Low
26%
r7y*
Foods
Hupp
Sales
r
34%
2y4
14%
34%,
14%
Machine
Detroit & Cleveland
Detroit
12
_*
'Chrysler Corp
__1—
Consolidated Paper
Davidson
16j/2
11%
"III
>_•
common—.——6%
Hunt
\
2
2%
4Vk
"'V.;
McLaren
Burroughs Adding
tv
:,
*
Manufacturing common
High
—1
'2%
—1
;
—
~
2%
4%
16 %
1
Allen Electric common
Inc
1
for Week
Range
of Prices
Low
Par
Aeronautical Products
Week's
»
31
Feb
2.05
Jan
Jan
1.50
)
100
7%,
667 7
,;
15%
7
Jan
13%
'
,7%
9%
-2
10,
*
101% Feb
95
65
14
Ltd diss A
1
Merchants Natl Bank—100 :
Farnsworth Tele Si Radio Corp...—-.1
Feb
Jan
Feb
15% al5%
18"% a 19%
—
&
25
Jan
91%
a
a
—
Exeter Oil Co.
DETROIT
215
Jan
20%
16% Mar
77
I Feb
29% Mar
Jan *■-
20.
24
i
14%
Jan
150
1
50c
4
Industries Inc.
Electrical Products Corp
13
Jan
650
16%
17.%
-•
Aircraft Company Ino
6% Feb
9% Feb
Mar
—
Inc——
V
28 Vs
25
Jan
•
13..
;.
Feb
Feb
Jan
6'/2
"
J
51
'90c
v.Jaau-
17%
24
--
8 a97'/a
-*
-20. al8 /8
Corp new com.—.J
27%
Consolidated Steel
Creameries of America,
Curb Associate
.v.-5
2,514
,
a28%
a28 Vb
al5
*
20
—1
Packing Corp com
Investment Corp
California
13%
Jan
778.' 7,7%
2,382
8%
13
27
Jan
50
67 %c Mar-
3,160
VV: C
8
8%
13
common—♦
'Feb
6%.
5y» Jan
4% Feb
Jan
2%
22%
30
771,300
«7.%
' High
3% Jan
150
51
70c
6.
-2 VV 7%
1 ; 8V4
—
Bolsa
Jan
/./V/
29
Diamond Corp
Chica Oil Corp
Blue
16% Feb,
,**• i-.-VV./
20
Vb
6%
•'
—
V
8,300
51
Feb
'
Low,
70c
—50
preferred
Barnhart-Morrow
Basin Oil Co—
Feb
V 54%
4Vi.
common———-—V
Bros Corp
4'/2%
'
High
a3% a37/8
3% 4'%
—
.
Jbanaim
1
Range Since Janaary
•Shares
of Prices
Low
Mfg Corp..—
——50c
Petroleum Company——.
1
Aireon
Feb
fl.i..
Sales
for Week
7, Range
Last.
22% Feb
,
S
vn..LI.
Friday
Dresser
»
•7
LOS ANGELES 14—TRinity 4121
4V« Jan
Farmers
Telephone:
2
Angeles Stock Exchange
Los
-V,••vV.%,
& CO.
Ford Building
605
SCHWABACHER & CO.. SAN
YORK.
Par
Chicago Stock
Feb
Angeles Stock Exchange
8,yi Feb
7
Jan
f-eb
12
*
-
Douglas
Detroit Stock Exchange
15%
:2%V
18%
v Feb
Members
New York
1
Feb
Jan
2%
West 7th Street—1
Preferred
Stock Exchange
v
13%
14%
Feb
13%
it-
New York
Jan
11%- Jan
600
2%
Chrysler Corp
Colorado Fuel & Iron common
WATL1NG, LERCHEN
Jan
7
36%$;Feb.
16;
300 )
.1QD,
4%
Jan
"r;:
•'"•■.V; - >.
■
V
3%
20
a71% a72%
27' 27
.
Jan
3%
'•6%
Feb
- 'J
.■>
Jan
6% Jan
•135. h
v5:
,
♦
■
2tO
Jan
45
Jan
9
51%".52■ v. - ^ 265; -.
al37/8 al4y8
50 .<
26%. 26% -,-868
'
Hi.
—•
Steep common r(Un)—
V World
.)
*
>
.....
'
.-1
•,
,
"
'
1
Feb
108 ;
12%, Jan
<.•*
.
31%
,
32%
.
-
Direct Private Wire* to
32% Mar
20 V
9
9
teliapce-Electric &< Engraving^i„ 5, v ^ ■ V/a27% ;a28% ■:
17% lV/», .
eptihlic Bteel; (Un)l-.—;
*
11
:
Feb
600
15%
2y«
4,
ALLEN & CO., NEW
Jan
15
■fZ?
75
100
Feb
4%
7
Jan
4
106
;
13%
:Jan
9%
13
12%
Mar
70% Mar
Jan
89
17%
3%
>
Jan
Feb
29
Mar
^3%■ ;V',- 144.-v
.
23
Jan
36
93A V V100
8 •>
2,34?
9%'
7
V; —V-4v•
—A::
R$
bhio Oif (Un) " —1-«———— 5
>
!_ V
;_10 '
4
6%
200
8y4 Feb
10
Jan
COMPLETE INVESTMENT
Member Los
Jan
105
68
75
,
100
V
61% Feb
28%, Jan
75
280^
__
1,000
4%.
3%
FAIRMAN & CO.
Jan
14% Jan
75
all% al2
,
- v32-%;--;, .321/?-:,32%./; ;■
Jones & Laugblin Steel (Un)_^i_—a3.4% a34%
\ E^elley Island: Lima &- Trans——t —
:
13
13%
Interiake Iron (.Un)—*
laterlftHe Steamship
11%
8Va
Jan
4%
7 %. Jan
780
;
Jan.-
4%
Jan
'
70% Mar
54
100
.
.
XV
•
27%
200
.. >
37/b
33% Mar
,
Feb
20
55
a40%
a40
.
>'
x
;
3%
Feb
30
700
Feb>,
53
88
75
62
V
Feb
61
>
51%, Jan
40
Mar
25
Jan
255
;
Feb
15
Jan
2%
Feb
57
V 12%
Jan
.54% Mar
187 "
115
,
a40% a40%
__
Rubber common
Goodyear Tire &
a35 " a35%
a58y2 a59%
.
LlO
Glidden Co tUn)_—
1% Feb
Feb
1% Jan
11%
v
29 y« Fen
34% Mar
g' eneraL,Electric, (tlnl,^
eneral Motors
:—
Jan
c
Mar
.
2%
-
1
common
Mar
4%
1
Wayne Screw Products new com
,
Feb
Jan
18%
40 ;
a54% a547/8/
:
10
Warner Aircraft
Feb
>
,75%
2
820
6%
common
Feb
9%.
9
1
U S Radiator
Feb)
6%
8%
9
1
Udylite
Feb
5% Mar
120
4%.
8%
common
Die
Jan
5%
37/8 Mar
V,
Brewing
Tivoli
4'44% Feb,
Jan
Jaxfc
50 "i
25 '■*
.
32%
103
Jan,
n
>
48%
65
24
Tool Si
Feb
15%
Jan
11%
8y»
,
Superior
9%
Jan
200
2-
-
Mar
4%
.4
3%
—.10
1
Tube class B com—
1
Sheller Mfg new
is „;•.; Feb,
.
3m Mar
62
aloy4aloy4
24
yirest|0ho>Tlre: & Rubbef comv
93
-
a49y8a50%
,
—-——V
Frie Railroad (Un)>__.—
Faultless
;VV
1
5,% Feb>.
Mar
30
1,298 V
100
J——
Co
7
14
31%
•'3%
Scotten-Dillon
164% Mar ^ 1174%, Feb,"
119;.-V
220 V;
305; ,v
27y8
4~
1'
EatOrr Mfg
..
-
—^—-—T—-—-—5;. •
Qltff« Corp
•
26% 27%
>
Cleveland, Elec IU Common—
.
V:.' V-V;
455 V' ;>.:-i.!534»jan
190 V ■'., 13 v4 .jTan'.,;- V
a30% a30%
-196 ,f 98 i
a37% a38VA
a67% a68%
V
__
v. 98 1
_♦
Cleveland Graphite rBronze (Un)—__l
b% 5%
- 14 "" 14%
al65 al66y%
•
(HW)
Feb
Mar
2,260
3
31%.
Standard
Range Sinee Jannary l
AC.?tieehT7, • *.
LotD~> High,
"
^
••
City Ice & Fuel
Cleveland .Cliffs. Jpron,
»
.
•
.'-.J Akrom Brass Mjfg.™—
—50c
American Coach.
Body^lJ—,d
-
.-.if!* Range ')' for Week
^as'
•
Rickel
Products.^——
River Raisin Paper
Sales
Week's
ifi Friday;
[''*k*';
1%
13 y4
2%
2 y2
1
—
Metal
Peninsular
Feb
9
7
11,200.
1%
2
,
20
400
13%
1%
1
—10'
,—
Murray Corporation
National Stamping
,V
225
6
2%
2
1
—
Jan
18%
Jan
Jan
i
5%
2
Wines
16
450
66% Mar
27 y8 Mar
Feb
Feb
21
156
-
5
.
63%, Mar
Feb
Feb
5%
100
7
15
4%
Feb
6%
'
Jan
16 Ve
A* 800
120
7
4%
Jan
8
Jan
...
19
,
300
/-u
-
7 7
45
1
1
:
^
Parker Rust-Proof
•if;
320
High
9%
65 y4
/
Jan
6
' Jan
3% Jan
V,.'
100
<
-
17%
7
100
-
16% :)
>
16%
5
Mfg
&
19%,
16
17%
Kaiser-Frazer
«;..... ......
.-
.
2%
*•
Cax__
Motor
6%, '
4%
s' 19%
6
4,290
V7%
6%
4%
„
52 ya
371
8% Mar
■
V4.-"
v
Hurd
14% Mar
.
-
33%
'
•.
Hudson
King-Seeley ___k
-
12266%,
244
26% ' 27Vb 4"7"244*7iyB 73
;
107
25 % 25 %
'• 15
__
'
-
-14 */* Mar.
63%
73
_______
8% Mar,
99
Paige common
Houdaille-Hershey
6% Mar
22%'Mar
7%
7% Mar
A.
225
60
6%
1
I
J
V
Low
High
7%
Hoskins Mfg common
6% Mar
Low
58 y8
Brewing
Graham
18Mar
22% Mar
-v 55
■.
'33%
Standard Oil of New Jersey
Standard Oil of Qhio^-U—__._;
Westinghouse Electric _:_-__i_____
*77
87/e
14Vi' 14 y*
,
Feb
Mar
18
18
7. ,>7,7,77
—
.Socohy., Vacuum /^
Goebel
Range Since January 1
Shares
1
Motors
Gerlty Michigan Die Casting
35% Mar
.
#
U
227/8 Mar
22"% Mar.
sn
7 ' :35 '
__
Central!——,
Y
N
•
—22% 22%
—_.__7 ' 77777 34%'34%
+■
Finance
General
'
Sales
for Week
Range
Sale Prioe
—10
General
32% Mar
31% Mar
280
Last
Par
High
>;• Low V:',.':.,
U::
U_—
_
VvfV7',-V;,7 STOCKS—
Range Since January 1
'f
High;'
Motors!.,,^ft?'897^7^fg
.General
.
Low
-
fox Week
'• Sale Price vv of Prices - < Shares,
Par
—
Store
General Electric.-^,
■
1 Range
Week's
Friday
Sales ,:"•'
.
v.,.,
.\
.
'
Feb
-15%
15
Feb
Feb
42
Jan
41% Mar
38% Mar
62 ya
30
Feb
Mar
11% Feb
52% Mar
'
-
-
1
20
r)f -U;.
■-..Vi,
THE?G0IJMfiRCIMi;Ar»IKANGIA£r
•
CHRONI€lE,f^ :%A77
OTfflEIt STOCK EXCHANGES
RANGE FOR WEEK
ENDING
'/•J Friday.
,,.,
STOCKS—'
Week's
East
-
t
Rice
Ryan
Oil
Oil
Co
Corp
•
common..
Co
;—
&
5 ™' a227/a :
Co
•
—
Oil
Corp
Corp..
25c
—
Southern
Gas
Pacific
6%
pfd
A
of
Feb
7
f'_:
13c
9,200
7,900
STOCKS—
29%
29%
29%
29%
33
39 %
Par
!
,
54
Jan
55%
" ;
Jan
29%
Jan
Feb
32
Jan
Mar
34%
"
383
."
54y8l
37%
300
Jan
Electric
General
Gimbel
47;
51% Mar " 1
Feb
56/ : Feb
•
1
InC
9%
9%
10
—50c
Union Oil of California
Umted-Rexall Drug Inc..
United States Steel
Corp
16
2
12%
5
'
•
9% *
10
Mining "Stocks— /'-v;
26%
-
12%
Battery,——.—1*
Stocks—.
American
&
10
2,491
9%
Stan
20%
Feb
>'
22 y2
Jan
20% Mar
591
25%
-25c
27
9% Mar
70 J/4
1
,7%c
•
.
Corp
V/
Co
"
Philadelphia Electric
"
11%
Feb
$1
preference
;
Jan
24%
300
79 y8
Feb
4.4
preferred
Jan
27
8c
^AA>
5% tfah
;W 7,000
3c.
7%C
14%
a55
14
Copper Mining Co
(111)
S F
Aviation
7 3c
; 6%
Bcndix
Oil
Jan
5c
Bethlehem
Jan
14%
415
14
Jan
85
58
Feb
Boeing
16%
%
6>/4
a91%
5
a21l/a
15
Dome
common.
Oil
Ry_—
Corp-*,—
1
Paper
-'12%
Aircraft
•
International
i
19
>
a35%
•
*■
.
v
-..
.t:
I'
Co
cf
Canada
•
al9'
A
7
:
RR
1.":
Co
10
Rights
c»acKard
Car
•
•
•
•
;
;
I'
Socony-Vafcuum Oil Co
Southern Railway Co
v.
Stone
60
al2y» al2y4
1
•;
Swift
Texas
&
50
28
100
45%
Feb
310
9%
Jan
23 Va
23 Va
394
Company
10
United Air Lines Inc.
United Aircraft
-
I
Inc
Co
A
;•
Elec & Mfg
Co
Willys-Overland Motors Inc
Woolworth
Company ,p W)
page
:
1626.
IIlJ
9% Jan ,7*
■
nV
U._
^
:*
Feb
4%
Feb
.
52% Mar
\
i
24%
-
Jan-
% 32.Va, Jan
18 % Feb
„
Mar.///;,/:
1
17%
11%
:
10%
11%
-
?
28
Refractories
*
22%
y
..10
Supply
15%
*
.5
& Bolt
Bros
;
v
•
10
1
A;
•
21% Mar
24%
Feb
17%
Jan
19%
Jan
-14%
765-
Jan
16%
Jan
10%
Feb
945
8%
Jan
1
Feb
'
.^1% Mar
100
1 % Mar
438
1%
35% Mar
460
-13%
300
/
-
15c
A'
Jan
-
1%
15c
14%
15%
33
Jan
29% Mar
8%
A
._
-
367/8
8%A
13
..I
12
Jan
10%
r
HO-'
200
-
Mar
35%
—
*
-1
9
1%
;
;
Feb
Feb
.11% Mar
8% Mar
82
-•
-
Jan
1%
/
8%
•
.
' j
15%
8%
'
.
5
Corp
*' 18l/8
-
High
.
48%
20
:
Mar
27
200
r
15%
9
—
.
AlO%
I:"*" 101
^
\,'
Jan
10
571
-
-17
100
22%
18
—
—10
—
21%
41%
:200
W*
__
Low
.
11%
.:
.
11%
Range Since January 1
25-
15%
Jan
42%
Feb
Jan
9%
Feb
13
Jan
13%
Feb
Jan
7%
1,500
10c
J*n
20c
273
12%
Jan
17% Feb
Jan
31%
33V+A A
275
243%
6
•;
30%
25%
143
23% Jan
Established
300 North 4th
A,A'
Members
14%
a
715
22
75
Mar
22%
8%
,y/
25 y2
-•
.
C' 14
--'47
Feb
130
212
-
65% Feb
...•
Brown
68
Mar
Feb-
230
57%
Jan
80
51 y8
Jan
Jan
♦
-
•
4
3%
210
-.
al9y4al9y4"
-
Feb
51% Jan
20
Jan
;
200
...
65
v
'
Jan.,A.&
59
15
200
Phone.
OEntral
v
Bell
7600
Teletype 8L
MS
Feb
Jan
'
\
Jan
.
24%tJATh
0%
50
Eeb
Feb
'
;
Feb
-
common
1
7
Shoe
common
Griesedieck-Western Brewingj__i__.
Huttig S & D common......
Hydraulic P Brick Pfd—...™
common.——
Sterling Aluminum common
Stix, Baer It Fuller com new.
Wagner Electric common
28y2' Feb
50
Brewing
~8%
28
24
r
Feb
Rights
x_Aw
'
LOW
-»
■
v
50
>
>:
24
/.
30
31%
9
121
•
-
60 y8
5
240
45
29
•
•
;
•
:
39
''
,42%
12
c
—~o
""7*
-
Mar
25
Mhr
35
Mar
Feb
Feb:
A
36%
Jan
Jan
IB
...
67 y4. Mar
Jan
30
Mar
Jan
44
Feb
260
37%
Jan
42% Mar
11
Jan
12
42%
11%
12
14
7
1,705
14%
26%
33
21%
26%
•A 4iV;
27%
-
13%
120
•
5
25
50
120
/•'
Jan
7
20
A19%
Jan
Jan
26% Mar
4fff Mar
14%
15%
700
27% Jan
14% Mar
441%
49y»
200
42
2%
3%
5,490
-
Feb
13
% Mar
21
200
4,\
28
•
65%
Jan
27
7
~2%
39%
51% Jan
4 31—
40%
20
14%
30
Jan
80
21%
27%
Jan
30
22 y8
1
Feb
29
22 Vs
5
Jan'
Jan
39
,7
39
22 y8
15
9
55
5%
"4ft
36 Ya
32%
■•/ 65
>5%
..—25
Jan
7%
25
150
34%
31 y8 Mar
High,
13%, Jan
23 y8
10
57%
;7
Jan
6% Mar*
7%
160
-
~-.Il-
35%
65
12%
;
33%
60%
Range 8!nce January 1
350
29
35
.100
25
,8%
28
*.
.20
Shares
6%
24
_1
...4
6%
•
.
13
31V8
10
.1
■;., Rights..——
Feb
.i:,;
—
-.
Missouri Portland Cement
com
North American common
(Un)
-18% Feb
23
common
for Week
Hiffh
13
:
6%;
.111115
Botting
Laclede-Christy
Jan
•^,7,59
Co
13,
Sales
Range
of Prices
Low
—__1
common
common
Exchange
Week's
/' Sale Price1
common
Eqpt
Laclede Gas Light common
Laclede Steel common..:
Feb
4y8
1
19%
'-yy
International Shoe
common..
Knapp Monarch common
/ 24% Mar
,
ti t'i
»
Jan
ft—
Feb
17%
.
275
137
-
22%
.
a?S
a48%a«^
93%
3% Jan
50
-70
-
Jan
17%
-
22
.
ft—
Shoe
Falstaff
General
60
\
-
18% Mar.
93%
20
—
155
-
A
A
1
Last,/../
General Electric common
(Un)
*
General Motors common
(Un).______ 10
37% Jan,
A
Inv
Bldg &
Feb
'
.
American
Century Electric
15 % Jan
25% Feb
::
35%
"
Coca-Cola
"
19% Jan
-
80
Bank
41%
-
•>'<»
A Par
Jan
Feb
.;-a—■
15
465
.
STOCKS—
Feb
15%
---39% Feb
195
Friday
i
*
47
-'-ft—--
126
04^
•
St., St. Louis 2, Missouri
'
•
Stock
St. Louis Stock
Feb
30%
Mar
85
.
25
ai774
Co.
&
//
Jan
26%
Jan
-
-
Feb
Feb
60% Feb
24y8 Mar
10% Feb
-
Jan
7
-
35% Feb
28%
Feb
7%
Jan
14%
"
Feb
22%
-
54y8 Jan
285
—
.
York
1871
Exchange
St. Louis Stock
Exchange
Chicago Stock Kxch.
Chicago Board of Trade
New York Curb
Exchange Associate
Feb
30%
Jan
605
-
_.
Edward D. Jones
4% Mar
,
25% Mar
3,235
65%'
10%
32 >/4
* -
22% Jan
770
1,022
*
.
y-
Jan
Mar,
Jan
St. Louis Listed and Unlisted
Securities
Feb
4ft Mar
332
-
al5% ai5%
ai9y4'
*
Mar-
18
High
42%
—5
...
San Toy Mining.^
Standard Steel
Spring*
Feb
26 y8 Mar
45
-
a52% a52%
..
12U.
~"^
65%
3%
a52^
'..
*—5
1%
A 47/a,
-
"
«43/b
3%
!
Jan
62%
*
240
A
ai74
5
*
—
__10
see
25%
22%
3,120
14%
a96% a98%
al23% al23yaal23ya
„
(Del)
..
•
Westinghouse At* Brake..——
Westinghouse Electric Corp com__12 %
1
•
" '
Feb
16% Jan
-
58%
59% : u
a49% a49%. :
&18% al8%
__
...100
Corporation...
footnotes
17%
56% Mar
85
a33% a34%
a
a49%
,
Railroad Co
For
4%
21%
21%
a33% a34ya
: 59% '
•
Union Carbide &
Carbon Corp
Union Pacific
Westinghouse
26 y8
.i
25
Guif Sulphur Co.
4lde Water Assoc
OU
Si?" Bt^°® PIciu,res
Western Union Tel
:
637
10%
14
II-
Mar
..
Sales
17%
I
•
:
45% Mar
77 10% Feb
23 y8 Mar
—175
-■
a417/« a42y»
■:
-
L
Fireproofing Corp
&
Jan
10 V*
a21% a22y2
6y2
6y2
25%
25>/4
:
22
22»%—
—
..
.
Fuel
Screw
Jan
36
Jan
45%
a39%a40%.
___•
Texas
STibSff1011
13
33%
13% Mar
4^
.
I.
"
1
U S Rubber
Co—
11% Jan
10
157
9%
.
28
Company—...
,
Ffeb
Jan'
*
100
a_.
13%.
a56% a58%
17%
18
.
;7
.
—
10 Va
a41%:
I
1...25
J)
Inc...
Webster
otadebaker Corp
ft—
45%
14%
•
•
(N
&
•
\
18
;
Standard Brands Inc
Standard Oil Co
(Ind)
Standard Oil Co
'.
'.
'49
,.
,
Feb
v
950
a57% a58ya'
24y8 *24y8 24y8
8% v
9
28%
27% 28%
,,
Mar
*
"
Shares
28-
"
Jan
5%
22
♦
Corp of America
Republlo Steel Corp
»
Feb'
16%
•
Radio
..
Feb-
20
Jan
6'/2
Pullman Incorporated
OU Company
„
6%
'
3%
26l/a
s;
.9-
•
Jan
1
so
Pure
.
Jan
Mar
64 y4
^
Co
290
42%
31% Mar
f::.
Jan
•
Paramount Pictures Inc
Pennsylvania Railroad Co
i
Jan
13%
4%
Feb
21% Feb
for Week
Low
:'
:
„
Electric
New
■
Company
Motor
Pitts
64%
•
—
Oil
Feb
65
....
:
'
3% Jan v
*
Range
Par V•: vAA.A
•
Pittsburgh Oil & Gas
Pittsburgh Plate Glass
Feb
a57%
l
:
of Prices
.
a—
.
5% Mar19
a32% a32%
..
It
Oil It Gas
Reymer
14
.
week's
Price
Jan
—
.
Ohio
Ohio
12 Va
25
is y4
' Friday
A; Sale
Jan
17 Vs Mar
39%
•
North. American Aviation Inc
American
37/s
Jan
42%
10 y4
•
;A
•
Gas
Mountain
National
Feb
__
North
Feb
Feb
42%
•
& Co, In<?_
A
Candy:
Walker
Star
24%
301
_
/-
18%
Jan
"r
:
8%
296
49%
1,062 V ft 22%
150 :.29..
293/4
—10
...
Gas
Harbison
35% Mar:
..
Copper Corp
Central
30 ya
Co
Duquesne Brewing
Pitt Brewing
Lone
115
a32%
•
—•—_
V*
1,426 :■">
52 %
23 ya
30%
Mar
,
Feb
!'
•;71'A';Janv:"',V 74% Feb:'
321
1,754
3%
22%
23
100
?
191
*■-*>?
4%
3%"
20
STOCKS—
L)
31%
...
10
Jan
7% Jan
"41% Mar:
*
209"""
.
29
.13%
Fort
Feb
511
__
Nickel
McNeill & Libby
Loew's Inc
York
125
14'/+
(D
Jan'
/•;
450
a41% a41%
-,i:' M-• •. •-sro
'
Llbhv
New
19
Clark
Mar-
a
•74%
51%
A A" /A./''
A
Jan
12.
a62% a637/8
*
4% i 4y2
/: 4%
Corp
Montgomery Ward
a
; 32
9y4 Jan
25
,v
a34% a35%'
a63%
1
International Tel & Tel
Corp
Eennepott
260
5%
Jan
a40%a42%
Graham-Paige Motors Corp
Great Northern
Ry Co pfd
'
5% ;
•
♦
'
Biaw-Knox
Feb
15%
100
Jan
29%
Feb
118% Mar
19% Jan
100
43%
*
Va
3%
21
-;-25 v.y
8%
41%
4%.
1
Jan
27%
Jan
Jan
51%
Jan
115%
265
Feb
22 y8
27
/•!
Feb ',
-26%
,
15
'
100 '
7%
Jan-:
24% Mar
131
:
Jan
44%
4,827
n
20%:
-
A 8%
100 <:
.25
AA'Al'
Feb
3y8 Mar :
200
20%
.25
Allegheny Ludlum Steel
Jan
15%
2,000
•
a37%"///
14
.
Co
i
a
\
~
a29% a29%
5%
;
*
Corp
Iron
10y4
a37%•
—
w__5
;—
3!/4
46 Ya
63
31 y8
25%
Jan
Jan
Pittsburgh Stock Exchange
yj'.-'y A-A; A/>;
_
Jan
Jan
.24
114
24%
5%
20
y 21% Marv
211
27%
28%
116% 117'/a
25%
26%
Wv/yi,vyLast
;
Jan
Feb
24
45%
73% * 74%
Coal
Jan
/
20Va
,10% Mar
60
17Va
10y8
—:
-|T.t.
...
w
Gensral Elactrlc Co
General Foods
./"*
.7/.;
1
_
.
3y8
10y8
8
Westmoreland
Feb
63
20
44%
__1
United Corp common.
$3
preferred^
United Gas Improvement-
Columbia
> 170
,.
17y8
-
...
5
Zellerbach
k
-f *;.v
42 l/a
Jan
,
4,602
il.——..
Jan
12 Va
25
11
96
Jan
Jan
46%
1150
a29a29y8
Mar
20 V8
3,414
Feb
8%
1%
,
"-1% Jan^
5,136
26%
yl*4
Feb
.'■'I
39%
42 y2
35
v
; a30y4 a30%
3%
l
A
22% Mar
Feb
90
*
6%
23
Jan
--12-
Mar
7%
' A
Mar
-
34%
60
12%.
11
a30%
1
—<u—■....
;
-
__
23
Corp
Electric Bond & Share Co
•
:
40
a23% a237/8
Company
Corp
Curtiss-Wright Corp
*
22
154
*„ ;
a59% a59%
.7
*
Connhental Motors Corp
Continental Oil Co (Del)—
Interlake
Jan
f
10
Jan
65% Feb
39%
15y4 Mar
97
6% Mar
50
,,
a44% a45%
•
"Commonwealth & Southern
Corp
Class A
a35
a42V4 a43%
a44%
__10
Commonwealth Edison
F)
*6%
50%
_
250
20%
i
—
Jan
42
Jan
30
a90y8 a91%
a21l/8 a2iy8
25
& Electric
Corp..
Solvents Corp..
(B
Jan
6%
.80
.
__
5
Gas
Goodrich
10%
Jan
52% Mat
Jan
92
100
a35 ;•
—
Crown
173
Jan
13
10
Feb
X
Cities Service Co
Cons. Vultee
38
725
6y4
..
*
Caterpillar Tractor
Columbia
250
a22y4 a22%
—
5
Co
Pacific
Commercial
475
44% ;
—3
—
Transit Invest Corp commonPreferred
1—_—
58 X' Feb ;;t
52% Mar
••
5
Borden Company
Borg-Warner Corp..,
Canadian
Jan
21%
24%
6 ; Feb
12% Feb
24% Jan
Jan
24%
20 y8
"
Westmoreland Inc
164% Mar
75;
13%
14'%
a86% a86%
...
6
1,028
a38% a39%
__
'
3
Corp
Airplane
^
a50% a5iy8
a39%
5
Corp
Steel
47
51%
98
Feb
Feb
; 105% Feb
...
784
6%
.100
—-
Jan
8% Jan
20% Mar
995
":
7
24%
15
r.
4% Mar"
"
GO'/a
24%
22%
common.:
Jan
12c
a53y8 a55y8
.
—
100
Company
Aviation
49%
v
,67%r
Co common—
t--
$3.40 preferred
Sun Oil
Feb:
7%c Mar
4,000
al65%al64%al66%
50
Ry Co
Corporation
Barnsdall
24%
Mar
Mr^'r-yrv*AAA'A;B"A
14%
100
Corp
Viscose
6i
48%
'57 I
10%' yto%
...——
Philco Corp common-—
1,050
5%A
3c
:
.25c
Armour St Co
A ten
60
Pennsylvania • RR:
7-—50
Pennsylvania Salt: Manufacturing—10
Scott
-7 ./;;■•■/
San
Tel & Tel
Anaconda
.
Jan
86%
""
600":
20%
Penna Power It Light
Jan
,
American
49%
—--1
Feb
15%
205
72%
' *5%;
-io :•
Smelting & Refining Co....•
American
21
24%
'ISO
•19%
19
High r";
• 28 Va
Feby
174% Feb
/
„
11% Jan
7" 25
1,346
ex-distribution...
...
Rad
120 %
—
Pennroad Corp
10 y8 Mar
Jan
y/i
Alaska
Amer
9%
•■•"•
Mar,"
"
106
4%
*
25% Jan
164%
""
common—....——5
/National Pr It Lt
Salt
Juneau Gold
Mining Co;
Imperial Development Co Ltd—
Zenda Gold Mining Co—
Unlisted
96
4%'
———wi-_——10
Reading Co
•
95%
21
Motors
12% Mar,..;
20% Jan
',
1,715
21%
71%
7%, Jan
475
T
a20
20%
•
1,435
16
13 %
a20
—-—25
Universal Cons Oil Co
* -
LOW
,
Transamerica Corporation
Transcont & Western Air In£—
.
95%
;>9%"
Brothers
Lemgh Coal & Navigation—
Lehigh Valley RR
39% Mar
,
40 '/a Mar
1,012
Feb
Feb
~
•
26%
1
common
Storage
32%
32
'
Jan
Co.-
Range Since January l
-
—
Jan
••
Mar
7
Delaware Power & Light...——-—13 V2
-
29
29
High
Shares,
....
27%
'
240
164% "166% T.r"1,603"
21%' 21%
50
' 12% 12%
"
330 '
;; '166%
5
—
Brewing
Low
12%
Corp
Cooper
..
Prices
26%?.;
——
Chrysler
Curtis Pub Co
16%
4,604
vtc
Sales
for Week
-
Range
7 of
-
-13
Feb
1.05
"15% Mar
1,393
Baldwin Locom. Wks
Budd Co
Week's
;
:
^
I.
•
Ilia
Jan
14c
•
Mar/'
3,153
41 %
'•
139
Stores
American Tel ir Tel-
''
39%
41%
124% Mar:
--
3£% Mar
11c
80c
602
29%
29%'
>■"
Last
Sale Price
Feb
*
15%'
32%
,
49 % Mar
95c
15%
■
39 y2
Calif.:—
685
W
551
32%
>'
34% Mar
lie
«
Sunray Oil Corp.
Textron
Jan
I6y8
5% Mar
*
633
80C '
82y2c
—25
Company
Co
75c
Jan,
145
26%
lie
•+
—1
j
50
26%
.....
Standard Oil
Mar
21%- Jan
35%
49%
-
Sinclair Oil Corp
♦7'
ttoutnerti Calif Edison Co
Ltd com—25
6% prefered class B
25
5%% preferred class C
,
25
California
14
400
6
i
35%
50
15
Sierra Trading
Signal Petroleum Co Calif—
So
55c
397
„
a22% a22%
35%
30
Union
15
5%
''
High
;1 r
-
-
.
15
500
American
Security Co
Shell
Low
60c
•
6
S,'1 A
(
Range Since January 1*
High
60c
mil
-
Safeway Stores Inc
Roebuck
1
:
Aeronautical
Sears
Shares
Friday
Ranch
Richfield
Low
,
for Week
■.
of Prices
Par
'"*■
.
Sales
Range
i
.
Sale Price
it <:?*•'>!
,21?
MARCH
Mar
Feb
23
22
Jan
i
33%
Feb
Jan
4ft Mar
29%
Feb
18
Jan
Jan
51% Mar
2% Mar
3ya Mar
n't
'
jV-
1621 m
THE COMMERCIAL & FINANCIAL CHRONICLE
Voliiriie' 165 " Number 4579
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING MARCH
«
Exchange
Week's
Friday
for Week
of Prices
Shares
Par
'4
§ %
• 5
5>/a
20
33 V2
33 %
>9%
8%
Oil
Bishop
Co
4%
*
a22%
Calif Cotton Mills
Ink
Packing
Co
Corp
Cons
■
Chem
Vultee
v
2nd
I
x.
B
100
620
245
45
909
27%
60
60
485
1.20
1.35
2,058
96'/4
95%
96 %
25
25
25
86
25
a
IS1/**
015% al5'/2
a24% a24%
50
Feb
105
Jan
13%
Jan
865
35 Vb Mar
38
100
157a
36%
36
367a
17
17
17
187a
19
f" 297a
1063/4
L*
116
1,210
/./;
297a
297a
107
145
116
-Feb
17%
"
■
Feb
237a
Jan
187a Mar
1,891
106 3/4
287/a Mar
1057a
116
25 74
407
25
Mar
5
24%
24%
130
1—•
9%
93/8
•
36
32
116 '
34;
123
Emporium Capwell Co common—
i*
'
'
,
'
'
v
1
7%
9%
&
Corp
&
IVz Jan
837a
827a
277a
27%
27%
59%
58 7a
597a
25
Corp common..
General Motors
General
2
10
common
Paint Corp
Aviation
7i 24%
63
'
277a
& Ohio
Oil
Co
:■
25
;
13
Jan
14
Jan
563A
Jan
165 3/4 Mar
Jan
9%
Feb
Calif
923/4
Feb
Canadian
■
;"■
14%
60
a51% a523A
50
Motor
Hunt ""Foods
Inc
1,140
►
Jan
Jan
28
.
53%
:.■■■:/-i
Idaho Power
IXL
28%
Feb
Commonwealth
293/a
1,037
105
115
102
3174
3174
442
31
■•'
28% Mar
35%
Jan
Jan
37%
Mar
Leslie Salt
170
27 "
556
21
1.05
300
42%
42%
487
16%
;
—1
—
—2 to.
a
403/4
&
"'■
50
Consolidated
Natural Gas
Oil
Continental
Feb:
45c
Jan
418
127a
Jan
14%
Feb
49
703
49
Mar
543/4
Jan
29%
297a. 297a
210
.26
Jan
2474
24%
24%
100
374
37a
277a
150
10
Feb
Jan
113/4 Mar
Feb
a377a a377a
a572; a5%
*
357a
Goodyear Tire & Rubber common
•
1
Graham-Paige Motors common
Gt
Nor
Ry
cumulative pfd
non
1
Mines Corp
International Nickel Co Canada
1
o
32%
32%
32%
402
32%
*
•
*
2674
25
2674
325
25
34%
34%
34%
10
24
24
24
100
107a
10
10%
18
17%
18
—
1
Inc
7
:>•■
—1
Jan
3474
Jan
30
;
Mar
367a
Feb
Jan
27
Jan
10
Jan
1,000
390
common
Inc
4Va
47a
300
Feb
4%
Feb
14%
216
14% Mar
17%
407a
4074
407a
484
31%
23%
233/4
23%
290
233/4 Mar
4%
407a Mar
Jan
2.70
2.70
2.75
2,075
13 Vz
13
1372
570
1374 Mar
12
11%
12
800
33/4
12
12 Va
935
88
88
25
; 28
2672
40c
10'/4
"30c
40c
950
27c
10
107*
400
10
•
>
&
McKesson
88
Mar
3074
Jan
60c
Y
Central RR
Jan
12%
Jan
Jan
127a
:v41%
41 y4
38
38
*
*
59 74
58%
103
45
*
; 15
14%
15
469
12 74
Feb
15'
27%
27%
27%
565
2774
Feb
2874
——
Jan
t 974 Feb
40 y4 Mar
4272
39%
Jan
4172 Mar
35%
Jan
387a
242
32
Feb
422
583/4 Mar
59 74
102%
7
1,106
34%. 34%.
103
*
preferred
/'•
25
•
16172 1617a
;
Richfield, Oil Corp common
/}
Roos Bros common
!
i.
.
■
1
105
'..■
■.
17'A
22%
16c
a355/8
27 V4
5
50
100
100%
'
rfi.Soundview Pulp Co common
i
j
••■.
v
Preferred
^
—
—
Southern Pacific Co
Sperry Corp common
Spiegel, Inc, common
%
Standard Oil
Super Mold
Preferred
21
al3%
of Cal
•
Cap
10
:
Transamerica. Corp
Trancontinental & Western Air
*
10
*
18%
10472
2
13%
al9%
5
Jan
16172 Mar
70
■68
89
,
"78
Feb
Rights
Mar
Ohio
Oil Co
—
20c
—
a21 /a
;>
■W
23 V*
a377s a37 Va
125
35%
Jan
38'
Feb
11
117a
-701
10
Jan
11%
Feb
20%
227a
I,135
20% Mar
25%
Feb
1574
606
80
■
39
Jan
716
al3%
25%
,47
Jan
.
1774
1774
150
17V*
23 7a
900
213/4
Feb
15c
17c
64,350
a35 Va a367a
,197a
Mar'
223/4
267a
2774
49%
507a
40
20% '
Mar
20c
Jan
35
Mar
387a
Feb
518
267a Mar
30
Jan
1,235
150
'.2,143
417a
21
.
270
al3% a 13%
70
547a
2,197
30
100
52%
30
Jan
15c
)
100 % 100%
Jan
42
a393A
--25
a23
Radio
Corp of
——
-1
7i
al43/a
10%
Feb
32%
Feb
4%
4jV
260
17 ';
Shasta
Water' Co
17
500
350
240
Socony-Vacuum
257a
Jan
30
Feb
40
37%
Jan
423/4
Feb
,
capital
21
Mar
Delaware
Utah-Idaho Sugar Co common
Pictures
Westates Petroleum common
Warner Bros
58v
Feb
29 7a
32
Feb
;
710
1874 Mar
50
1047a Mar
II,871
12 3/4 Mar
19 %a 20%
53
207a
a
18%
Jan
Preferred
1047a Mar
1572
a—
a
O
Jan
A
Westinghouse Electric Corp com.
Willys-Overland Motors common.
Western
(F W) common
Jan
874
Feb
280
145
547a
Jan
5574
Jan
21%
Jan
24
Mar
a23% a2374
10
103/4
Feb
1 8
9
5,638
13% al43/a
65
8%
a
8%
Jan
15%
Feb
Jan
30%
Mar
18%
Feb
Feb
147a
14%
33
33
.
21
Jan
440
1574 Mar
16 7a
Jan
480
14
Mar
1574
Feb
163-
32% Mar
34%
Feb
29% Mar
32%
Feb
Feb
40
18%
157a
33
Jan
13
,
-
•
1872
Jan
297a
29%
29%
716
297a
625
31%
297a
29 72 Mar
29%
39%
162
39% Mar
39%
3874
393/a
Jan
7a
Jan
92
a
al7%
1874
Jan
460
33/a
3 3'a
334
Jan
580
4 Vs Mar
110
al87a
3%
18 7a
1
193/4
a33% a34%
a343/4
5
Jan
900
25
4%
Feb
34% Mar
22
18%
217a
5
Jan
3674
35
63% Mar
213/4
a
Mar
247a
200
195
1
1
35
69 7»
.fan
Mar
35
a63%
5
Jan
67
35
;a67
:
j
4
43/i Jan
7;474
15
Jan
Feb
15%
1,765
1874
1574
Jan
Jan
39
2.998
50c
35
30c
35
33/4
-1
4%
153/4
3%
3%
:
:
19
19
,
25
"
11%
117a
48%
11%
48%
Jan
230
Jan
237a
Jan
328
»'
177b
833
25%
483/4
2,155
3%
19
257/a
Union Telegraph
Woolworth
73/4
8
a56% a577/a
35
common
Feb
217a Mar
200
183/4
pfd_.
of N J
2672
621
153/a
'
25
Feb
Jan
27
183/4
.25
——
Feb
15
30%
223/8
16
.
73/4
—
Feb
27
180
.
Jan
25% Mar
965
.25
preferred
Southern California Gas 6%
United Corp of
5174 Mar
,Jan
16 74
.25
5% %
Studebaker Corp
6
113/4
18%
22
143/a
Oil capital
Ltd common
6% preferred
Standard Oil Co
Jan
Feb
a393/e a393/8
1572
So Cal Ed
Standard Brands Inc
>
223/4
a—
13
28%
com
Feb
Jan
13%
12 34
a__
110
67a
67a
al27a al3%
25% 25%
Jan
18
25
1 JJk JfJk
a21 /a a21 /a
Feb
'22
4% Mar
167a
4
18 74
Feb
Jan
60
200
•16 7a
47
Jan
Ffeb
9%
i
27%
Sinclair Oil Corp—
••■ iV
197a
227a
267a Mar
i-
253/4
•
United Aircraft Corp common——
a—
104 7a 104 7a
Jan !
28
Orpheum
Keith
Feb
Mar
203A
Jan
7,355
83/4
America
>•; 52% Feb
104
-
157a
alOj/a a1078
267a 26/a
8
a57%
—
Co common
Pure Oil
Swift & Co
100% Mar
40
"
95
Jan
:v-'
Jan
27
24 7a Mar
195
: --
2.50
163/4
22
*
-33%o
Mill Co
Pullman Inc cap
Feb
Mar
14%
v
710
1974
Jan
41
2.05 Mar
1,018
17
;
67a
*
2.50
1
Republic Steel Corp common
Riverside Cement Co A
Mar
88
Feb
64
Jan
56
375
Feb
Mar
20c
Mar
18
.'1974
20
Radio
Feb
7
Feb
267a
187s
> ;17%i
50
Pennsylvania RR Co.
Pepsi Cola Co
Phelps Dodge Corp..
Feb
93;
40
49 7a
20c
1,200.
19%.
>
10
Portland Cement com
Motor Co common
Pan American Airways
paramount Pictures common
Packard
30%
25
15 74
Jan
23% Mar
3,800
58
205
al07s
267a
*
Pacific
Feb
Jan
21%
Feb
Jan
47-
20c
17%
1
10
100
Railway cap
JFeb
57
257a
50
Feb
25%
34
255
%
/ 58
205
4%
common
Feb
21%
:
493/8
Mar
467a
23
58
—
57%
765
^r
5 /■ Feb
2.80
25
20c
Feb
18
Jan
1774
1,060
54%
30
Co
Tide Water Ass'd Oil common
.
1
2
Corp
135
1974
Feb
129
29%
405/8
•
Feb
Mar
1617a Mar
16
,30
40
W Fine Foods Inc
-—10
};«! Safe way. Stores Inc common.—
5
i v, San. Mauricio Mining—
.—.10 pesos
,« Sears, Roebuck & Co capital
•
,v ShelL Union Oil common
15
\\: S
Feb
10574 Mar
28%
15 74
:,
Feb
22
a52% a523/»
22
1
*
—
177a
177a
■
;
a46
a 22%
a22%
3472 Mar
623/4
1023/4 Mar
81
a70% a707/a
117s
if
Jan
"
104
108% 1107a
a37 7s
1
Preferred
Republic Petroleum Co common.
Rheem Manufacturing Co
Feb
205
-♦f;
capital—L
North American Co common
Pioneer
8872
23 74
r
r
.
17%
Jan
8
.
Mar
47%
Jan
40%
common.-
14
;■:."
-. •
Aviation
American
North
Feb
13
Jan
Mar
7%
dividend
208
is! iv ail6%' !al6%: al6%'.
L
National Distillers Prod—l
40%
common
Jan
Jan
1
1,800
Feb
7%
.
a—' y.—
:
Feb
ll3/a
524
Feb
■■'-—./
a
Feb
24%
_5c
Nash-Kelvinator Corp
40%
—
Feb
5%
8%
47%
..»■/>
Jan
11%
231
603/a
Jan
4
37a
2374
.18
Robbins Inc—
Montgomery Ward & Co
Mountain City Copper
1272
267a Mar
2,711
Feb
Feb
56%
36 74
47%
Navigation Co..
Northern Pacific
r
397a
Jan
233/4
Bancorpoiation.
Matson
14
Jan
83
'750
28
Jan
Mar
35
31% Mar
a447i
a45
Feb
al.1%
,-5
14
a22%
15
■11% Jan
88
f
11% Feb
11%
Jan
26%
2.70 Mar
%
Jan
16
135
a6
2.95
a6
2.90
Feb
1
10
1.
25%
14% Mar
a317u a323/4
14
14
■
common
Marine
14%
Railway Equip &-Realty 67c-pfd—-100
Rayonier Incorp common—.—
—1
•.....
100
a6
Kennecott Copper Corp
Loew's
Feb
20
17% Jan
4%
__
Inter Tel & Tel Co
Feb
10% Mar
147a
*
Pac Tel & Tel common
■
117
25
674
Jan
24
34% Mar
;
—
•
a56
a4%
2.95
a32%
100
110y2
./ : Preferred
—i——100 .161%
Paraffine Co's common
*
a70%
4
Philippine Long Dist Tel Co
P100
17%
Phillips Petroleum Co capital
* a52%
Puget Sound P & T common—
*
29%
'
54%
a42%
-•
Holly Oil Co
5
Pub Ser
a
'a4%
Feb
39
Mar
23
891
a42 a423^
a54%
•
Idaho Maryland
5
25
1st
55 7a
Feb
Jan
53/4
268
Jan
3% Jan
29 74
a
Feb
39
•£•;■.. 2
35
6%
70
$5
24
a4 3'b
a
243,4
';
a
65.
14 7» a 14 7»
23 V-i
233A
7,415
all7s aliy8
Pac
68
50
a377a
7%
25 7, 41'/4
5727c
1st preferred
25
38
57c 1st preferred—————25
34y2
V
a46% n47%
a47%
7
93/4
Jan
2774 Mar
•
37a Mar
421
/
Mar
2074
29 7a Mar
23% Mnr
.
330
27%
al474
Domlnguez Oil Co..^
Electric Bond & Share Co
29
Mar
30c;
200
374
277a
7%
Corp
Feb
,,19 7a Mar
49
1
•
Curtiss-Wright Corp
all% all%
Lighting
>
35c
-5
Feb
all to.
Pac
:
,
Jan
123/4
1
1st preferred
20
Feb
574
23
18% Mar
49
common
common—r——;
1974
35c
Feb
com
Jan
-7
4Va Mar
25
18% al8%
Feb
23/4
91 % Mar
917a Mar .n
12%
Feb
Pacific G & E Co common
V '
2,918
a57a
Feb
'65
6%
43/s
a
Feb:
1 Pacific Coast Aggregates——
■'
105
•
3874
274 Mar
100
5
(Del)
Co
'
Co
3474 Mar
18%
1.45
10
pfd_—100 '
Occidental Petroleum
1
Oliver United Filters class B
*
Can
450
2 74
35c
*
*
-•
15
N Y
Co of
Jan
45.
Jan
21
11%
American
Pacific
35%
Mar
['*.s
Southern
1.35
>.
16% Mar
a21% a21%
ny4
Oil Cons
North- American Invest 67c
>
22% Mar
4%
37%
Fisheries
Feb
167a
a2174 a21 V4
10
American
Feb
Feb
123/4
*
25
25
10
com
Solvents
Edison
N
Pacific
.
22
4%
1.05 Mar
Natomaa Company
Jan
147a Mar
a2174
367a Mar
common
7%
2474
Jan
19%
274
150
Mfg Co common
6 7a
80
240 '
21%
a907a a917a
1,300
G)
:
7a
a6
20
2%
1.20
National Auto Fibres
-
6 7a
Feb
125
3474
36 V»
Morrison Knudsen—:
.
15 74 Mar
Jan
22%
a917a
1.15
_
..
13%
v:
34%
5
•
25%
29
Jan
Mar
1.00 Mar
33
17%
11%
Lyons-Magnus class B
1
Magnavox Co
-5
Marchant Calcul Machine
10
Meier & Frank Co. Inc—"/.——.I
North
300
1474
-
,
36 Va
■/
■■■:
41%
Feb
.
22%
1.20
Libby, McNeil & Libby
Lockheed Aircraft Corp...
Menasco
27
21%
a21%
15
20
Co
(R
43Va Mar
39
38% Mar
al43a al4%
36y8
i
Feb
a—
692
21%
—12
B
LeTourneau
27
21
:
6.66%
Langendorf United Bakeries cl A
Class
Jan
515
a
:—
Co_
Kaiser-Frazer Corp
Feb
577a
a__
Jan
103
Jan
1.00
27
17%
Co———
Mining
17
174%
42
22%
common
;
Jan
42%
Sugar Plantation.—
Hutchinson
Feb
38%
14
al4%
Jan
20
/
28
1.05
common
Feb
16 3/4
41%
1474
RR common— ..100
5
Railway
Chesapeake & Ohio RR
Commercial
217a
Co
Car
Feb
Feb
35
387a
■
21%
_
655
1,834
7: 413/4
5
Pacific
Feb
28%
1—.
Pine Co Ltd
Holly■ Development
-—
Honolulu Oil Corp capital
Hudson
14%
a54 a54 72
165% 1663/a
General Electric Co
Hawaiian
375
166
a67a
Pacific Trading Corp
6574
102%
3174
Hale Bros Stores, Inc
r
317a
14%
a54
38%
Boeing Airplane common
Bunker Hill & Sullivan
Jan
103
—.100
Greyhound Corp common
7
5%
5 7a Mar
200
14%
14%
».
Corp
Steel
5274
29%
Golden State Co Ltd common....^.-
i
Jan
6y2
Mar
3
v
1
Aviation
493/4
4% Jan
1,191
a297/a a29%
a297/a
common
preierred
31
31
13
Consolidated
4%
11%
Jan
100
a513/a
Cities Service Co common
Linen service
3%
705
57a
com—
Blair & Co Inc capital
827a Mar
Jan
Jan
a—_
974 Mar
100
474
14%
Co
Feb
380
974
31
*
(111) common
Corp of Del
Armour
*11
1,200
<Jan
57a
Mining
Copper
Bethlehem
7%
837a
397a
."
47a
100
American Woolen Co com
Anaconda
Jan
Mar/»
15:
19
,97i
.
237a
39 7a
■19'/a Mar
100
,
47a
San
Std
;
40
Jan
5 7a
•
Refining
32
600
34 7a
'
American Tel & Tel Co
Barnsdall
Mar
Jan
r
Smelting &
Baltimore
7
Jan
29%
*
;
''
Radiator
American
Jan
36
3.30
1
Berkey & Gay Furn Co
42
77a
Corp common—
—10
Foster & Kleiser pfd
—25
Food Machinery
Galland
20
a847a a84%
—™20
Light
Jan
Jan
Jan
Jan
a39% a397/a
-
Ltd
Factors
'
23
11 y2
3.20
;
'
8% Jan
~
26% Mar
r "
Farnsworth Tele & Radio common™_1
.
American
Bendix
1,400
20
20
1
common
American Power &
Jan
,
Jan
974 Mar
10
a31
a84%
Foreign Power com
24% Mar
750
:
.36
40
42
♦
; *
'
:
"
Corp
&
32
-•S
'
9 Ya
-
.
a31
;vV:V
a39%
Co common
Jan
247a
Unlisted Securities—
Jan
32%
Mar
25
320
*
Jan
108
Jan
'25%
7 24%
■
Cab
69
2574 Mar
78 74 Feb
'
25
320
50
common
Jan
1,400
a31
Baldwin Locomotive common
2
.5
Works
Dorado Oil
El
s
Yellow
American Viscose
Jan
10%
21 y4
350
10
22% Jan
20% Mar
1,093
.
::::ioo
—
30%
r
73
26%
320
Jan
a—'.""
___
30 Vb
*233
19
15 7a
Jan
a__
Jan
323/4
30%
1
157a
Jan
635
25%
High
Low
1.834
2574
:
100
common
RR
Feb
30
Jan
30%
5
Pacific
Alleghany
1.35 Mar
2172
71:
1074
Vv,
common
Dept Stores
Western
American
30% Mar
30%
1
Doernbecher Mfg Cbz
7
i
Western
Feb
Jan
13s/a
100
a24%
—
Indies Sugar
Feb
Mar
Vz
26%
-1
Fargo Bank & U T
Amer
J-'■
common
Wells
1
390
73
10
Oil
Range Since January 1
!
'
467a
63
;
20%
2474
Equipment Co common
Jan
Jan
445
.
•
J,
Victor
30
Jan
57c
75
Fruit Corp A common
Consolidated
11;
Jan
59
21%
*
Shares
High
2574
147a Mar
Mar
45
50
common
Feb
Mar
67a Mar
Jan
Mar
28%
60
•
Universal
West
8
Jan
9
28
•
—•
-
5
"45
45
Low
25
Corp
Corp common
Jan
253/a
Jan
13 y2
25
al97a al9y4
preferred ,1
■■
■
Di Giorgio
.6
25":
Preferred
"■
Jan
672
Feb
4%
Lines
Preferred
a26% a26%
Zellerbach Corp common
Crown
67a
■'
Feb
25
430
2 V2
Corp
Air
15
8
al9»/4
of Amer Inc common
Creameries
V/z
4y2
a26%
Ind A__:
Cons
100
20
Commonwealth Edison
>
Jan
2y2
_L
Class B__—.
Jan
12
1.35
•
Broadcast System cl A
'
36
Mar
13%
9%
373
£_
Preferred
Columbia
Mar
8
a22% a22%
28
__5
Co
Colorado Fuel & Iron common
•
33
1,872
9
V
Chrysler Corporation common
1
538
9>/a
13%
*
Caterpillar Tractor Co common
•
Eureka Mining Co common..1
Chemical
33 Va
91/4
Central
CJprox
/
Mar
6
common
Jan
5
Air
U S Steel
High
Jan
5
133/4
capital
California
2%
*
'-I—~5;
—
California
200
4%
of Prices
—10
Oil Co of California
United
1,700
4%
8
Cement Co com—
Art Tile class A_
California
,
2
Z
Byron Jackson Co
Calamba Sugar capital
Calaveras
Low
4%
2.50
Imp
Atlas
High
,4%
,10
Calif National Bank
Diesel Engine
Anglo
Low
50c
Corp
;—
Alaska Juneau Gold Mng Co..
Union
Range Since January 1
Sales
" for Week
Range
,
Sale Price
Par
Range
Sale Price
Mfg
Aireon
Last
,t
STOCKS—
Sales
Last
STOCKS—
Week's
Friday
San Francisco Stock
A
21
10
245
Jari
48%' Mar
4%
Jan
13
Feb
Feb
Feb
5274
Jan
23
2874
THE/COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
LISTED
Monday, March 24,1941
MARKETS
RANGE FOR WEEK ENDING MARCH 21
Week's
Friday
Sales
Last
Range
for Week
Sale Price
STOCKS—
of Prices
Shares
Low
Quebec Power
Rolland Paper 4%%
105
A
preferred
—..
7 St. Lawrence Paper 6%
pfd
—
7%
preferred
(H) & Sons common—i
Simon
28%
Pdwer
Southern
Canada
Btanaard
Chemicals
5 %
£
Tuckett
.129
Feb
'
Jan
27%
Jan
30V4 Mar
Jan
172% Feb
14% Feb
175
8%
79
85
35%
Tobacco
preferred-
I—
182'
•
29% Mar
105
Mar
16
18 V4
8% Mar
10
Wabasso Cotton
Walker
78
Mar
81%
Feb
84
Mar
89
Jan
35% Mar
41
J&n
70
'182
5
&
75
23%
Worts
745
Mar
24
- ' - .20
75
840
Wilsils
-
183% Feb
10
Feb
;
-"83/4Mar
'
Jan
rw,
26
t'Ji.
common
Feb
81
23V4 Mar
-
w
(Geo)
Feb
257
9%
75
GoodCrham
Weston
Feb
104
157
-
35% ' '
18i2
87/a
Feb
9%
Mar
102
Jan
18% Jan
,
'
United Steel Corp
2s%
Jan
y 17%'Feb.".
625
;
Mar
102% Mar
y: 120 ;i:'
16%
.
28
5
100
- 102
84
Preferred
Tooke Brothers
Feb
Jan
7
16Va
78
Steel Co of Canada common
Feb
44%
lJin
29
18
102
116
Mar
14% Mar
36% Jan
,
30 .r 170
T;125
13
13% •::
8%
.
common
preferred
Jan
10
v172
/ 18
9%
.
23 %
.102% 102%
preferred
5%
Southam Press Co
104
106
..
184
172
•
20% Jan
Jan
104% Mar
.
l
High
2,066
30
13
"103
-
375 *7
25 '/a
common
77/7
18% Mar
14,366
40'/a
30
„
Breweries
14,/a
24%
Sherwin Williams of Canada com_
Sicks
20
118-123
—
vShawinigan Water & Power
-10
105
•
38 7a
-
Range Since January
*/'7777': Low
405
14
common.
y]
20
104
104
pfd
pfd
Saguenay Power 4%%
St Lawrence Corporation
High
193A
:
Jan
•».
.
TTI-t-
J.
Ltd
Winnipeg Electric common—:
5% preferred
Zellers
Limited
common
76% preferred
Banks
Canadlenne
Commerce
Montreal
21%
25V4
Nova Bcotla
37
Rovai
Toronto
Jan
217a Mhr
.
—
37
—
Jan
Mdr
23%
Jan
Mar
'
"Bonds—
Mont Lt
Ht
7
& Pw
\"X
notes.
'■
3%
■
Range Since January 1
res
Low
275
8
•50
6
12
l160
Feb
J4n.
2V4 :Feb
*
650
25V4^4ar
100
.
--53
.
.
^8
%
'ide
585 r >
5
••
18%
'108
Jan
110%
Jan
18%
108%
16%
Jan
,435.',
Feb
Mar
2
'5
Jan
121.
5
27
-
2%
Feb
.
3%
.
:
29 % Mar
235
26
Jan
Feb
*90
135
Mar
Feb
Feb
Feb
3
14
Mar
Feb
.133/4
8%
Feb
22 3%
Jan
34%
Feb
15 Va
Jah
:''
1,675,,
'66
.
(
35
'
35
35
99 % Mar
>
125
130
6%
J an
16%
.46
13%
25
Jan
4,175
Feb
13
v
Jan
43/4
Feb
77b
8%
36
474
;
Jan
Mar
Feb
213/4
Feb
21
Jan
16%
Feb
.
1.10 Mar
27b Mar
150
474 Mar
7: 41% Jan
7
*50
37
25
25
5
37-
14
37
1,365
7
10
2174 '21%
i.
Jan
37% Jan
5
18
•
'
10
Feb
•1..
'
,
23/4
'
Feb
t
"
—
41'/a Mar
4%
24% Mar
•
•
-
.
Jan
7 137.
17
:
25
V
>21
Jan
vJan
"Mar
10
>
'■
57
57
150
.
'
274
1
100*
*
*Feb
-
2% Mar
7 ,.-;50
:753
Jan
71,120 '■
i 4 /'Mar
71,000 7/ 20 7: Jan
,
4
43/8
•
20Va- 2274
5074 * 5174
5174'
Feb
50 %
27b-
' '
22
22'/3
390
Mar
'47%
Jan
"76
-
98 7a
32
2,025
76
50
'Jan
* *987a 'Feb
* ~ *7 * "15
29
;32
Jan
49
*
•
98 7a
—
7 40
7240
*-7 73"
; .
24
7jan
'63%^Jan
Jan
1374
Jan
187a
'1774
Feb
53
—
Feb
26%
Jan
1874 Feb
2o ■//
■■
177a
-
Feb
Feb
14
Mar
10% Mar
18
Feb
7 >36%
'Feb
18
Jan
'387a
14
18
21%
17
I97b
Jan
44
25
387a
—
27%
-.
Feb
5
43/4
44
i
—
20
65c
4,175
Feb
175
'
37a "
—
Y
;
8
'51%
'
-•
V \ 8
517a
8
—
i':
.
- •
-57"
■
14%
90
12 %
"&7
7/.."
40% .7
41
•>
.7,,: 25
Mar
8
>14% Mar
90
505
:
777% Mar
>51 % Mar
10
-w.,
'*17%Mar
37a Mar
,
Jan
;,:il74 Mar
14
225r.7740
410
734 7
Jan
*14
307a
30 7 /2874
Jan
104
w
•
7 7
14
1874
,
10
307a
-i.
—
k
90:
100
7
52 :
-
1174
7'V—
•
:
7774
90
;:7
-7
37a
7774
147a
1174 *
Jan
"17% Mar
Mar
26% Mar
1626,
15% Feb
Ilan
15%
186
139
page
Jan
Jaft
10
'
:
*16% Mar. X'
225 '
Feb
*80
see
Feb
15%
23
Feb
' 35c
106
109% Mar
footnotes
32
Feb
55
Jan
«
,
8% Mar
4
30
Mar
373/4
For
Feb
154
15%
'
Jan
30% Feb
Jan
JtCn
Feb
45%
15%
V
Feb
Feb
14
53%
'
Feb
Jan
297b
'..
Jan
43/4 Feb
.2% Mar
134,Vi
9% Feb
16%
.
'189
Mar.
3 '
F^b
1127 Mar a
14 % Mar
-Jan
185
76
Jan 7
112%
'MarfY:
21
'•
10
-
23 % Mar
63 7 Jan
15% Mar
415
Feb
Feb
107
J
rn Feb
792
Feb
110%
'cfaii
'54% Mar
"5lib7 TJain
•50
-Jan
57s Feb
; 92; - Feb
-20% Jan
"
102
Feb
64:
;Mar -
•
Feb
12 % .Jab
27
'
"Jan
,785';;,4%Mar 7/
222
Mar
16
.
14% Mar
1
7
7%
160
1
• >
High
117a Mar
-Mar
'
11 %.
J
525-
"
*5%, Feb7-.
•
76
40
'
-
Jan
1774
104-
7 "
14%
-
,
.
.5
."7
25*
-7"'"35 *
18% A"■/v
Jan
102%
Jan
674
Jan
137a Feb
*805:7717
v-
Jan
V
Number 4579
Volume 165
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
Friday
Week's
SaleTrio.
MARKETS
range for week ending march 21
w
STOCKS-
LISTED
Sales
Last
Range
for Week
Shares
Sale Price
of Prices
Shares
stocks—
Range Since January 1
-
I
/
•
>
Par
,
Low
preferred—
2nd
20
Corporation Ltd——
Mount Royal Hotel Co Ltd
•
Moore
Crush
Orange
70y„
70,"
14
__
14J/4
is
\
v
Jan
18
66
22% Mar
70
74
Jan
12%
Feb
12
Jan
i8i/2
i8
110
165
18
Mar
110
-100
96
8 va'
3,000
96
96%
1.50
v
170
1,145
17c 19 %c
Warrants
53c
700
—
1.50
Preferred
Mar
Low
60c
7%"
8
Range Since January 1
High
•58c
Argus Corp Ltd common-
14% Mar
Jan
5
175
—1
Aquarius Porcupine
Mar
Low
Par
.
21% Feb
840
no
High
14y
133/4
»
13%
10
14
hq
«
Ltd
Low
10"
22%
-100 ' v
Nuclear
••;■
la
22V2-
__
«
Scotia L & P 6% pfd—
Enterprises Ltd
Nova
\
f
—
y.-
(
High
j8
Sales
Week's
Friday
for Week
of",",
Montreal Refrig & Storage Ltd com—*1
1623
7,500
High
91
Feb
Feb
9%
97%
Jan
1.25
h
Feb
70c
Jan
7% Mar
1.90 Jan
Feb
Feb
14 % Mar
22'
17c
Mines
Gold
Arjon
60c
58 %c
69 c
9c
Armistice Gold
Jan
9%c
17c
33,900
Jan
30c
Mar
Jan
1.03
58 %c Mar
■
Arntfleld
Ltd-—,—a
Paul Service Stores
6% cum 1st pfd_20
non-cum part 2nd pld
—50
6%
Service
V
"
Canada Ltd-
Products
Jan
14
Mar
5y"
Feb
950
5%
Feb
7
Jan
10
120
12
34^
oqn
15,727
"
Mines
Arno
'
I
30
17
16
16 '
12
25%
131/,
57
Feb
19%
Aubelle Mines Ltd
Gold
Mines——1
Band-Ore
Bo jo
Gold
Ltd
Mines
15c
<;.•
10% Mar
Bagamac
Mar
31
Feb
Bankfleld
30
Mar
30
Jan
30%
Mar
16
Mar
23%
100
53
Mar
Jan
25
15
Feb
26
Jan
13 %
Feb
21
7% Jan
200
-
Jan
17
65-
100
1
—
Feb
30,700
13c
Mar
23 %c
Jan
30c
13,480
27c
Jan
38c
Feb
11%
11%
265
Jan
12%
Feb
20c
21c
7,000
20c
Jan
35c
Feb
27c
27c
36c
94,300
27c
Mar
39c
Feb
50 %c Mar
-
53c
58c
19,700
4.80
4.65
5.00
5,175
13
-
Mines
.
Consolidated Mines.—
13%
50
Bank
of Nova Scotia
Bank
of
Toronto—
Base Metals
Bathurst
Class
18c
19c
16,300
17c
Mar
26c
Feb
13c
13c
500
12c
Jan
19c
Jan
26'/a
305
25%
Jan
27
Feb
36%
37
235
36% Mar
39'/a
Jan
37
37
160
37
40
Jan
13c 16 %c
230,500
37
21%
Bear
Beatty Bros class a
Gold
Ltd
Mines
Gold
15c
37c
21,700
34c
23c
1,000
23c
2,000
Mar
44c
Jan
Mar
26c
Jan
1.16 Mar
il2 Mar
500
(!c
Mar
10c
10c
-10c
300
8c
Mar
11c
Jan
3%c
3c
Jan
7c
Jan
1.25
1.35
1,500
i,200
22%c25%c
3,950
—•
1
„
7c
Feb
Jan
Feb
1.50
Feb
44c
feb
Mar
32c
Jan
41 %c Mar
60c
Feb
1.25 Mar
i—,1
1
22%c
1
I7%c
17c
18c
39,500
Consol Central Cadillac Gold Mines
1
4Se
47c
50c
35,600
15c I7y2c
5,500
13c
Mar
25c
Jan
5
34c
34c 36 %c
1,500
28c
Jan
39c
Jan
—_l
19c
30,000
17c
Mar
25 %c
Jan
22
Feb
Century Mining Corp Ltd
Cheskirk
Mines
—
Cortez Exploration
Cournor
Mining
Denison Nickel Mines
Donalda
East
—
Ltd
Mines
Dome
1
*
—
auilivan
Ltd
3.35
3.35
1
El Sol Gold Minds Ltd—
—__1
1
12c
Formaque Gold Mines Ltd
Found Lake Gold
1
18%
1.02 Mar
1.60
Jan
Jan
3.30
Jan
4.65
i,000
53c
Mar
90c
Jan
Feb
34c
Jan
2,800
60c
Jan
«
26c
83c
31c
£0,500
25c
11c
26c
Ltd
,
7,000
3.45
60c.
Mar
17c
160
20'A"•
1.25
1.17
1
Mines
-.19c
20'/*
1
Mines
Gold
17 %c
20V*
*
jviines Ltd
Eldona
»•
20c
Mines
Gold
Francoeur
God's
(1945)
12c
12,500
11c
Jan
16o
jan
87c
67c
Mar
92c
Feb
9%c
Lake
Gold
29c
Jan
.4—i
!
Hudson-Rand
Bonetal Gold
Consolidated Gold
Jack
Lake
Rowan
Shore
Lmgside
Gold
Macdonald
New
—
761
3c
10c
9c
10c
63c
7,300
23c
24c
$1
' 2.75
'
—
1
*
3.60
.
1
NormetalVMining Corp, Ltd—
Norpick
w
3.35
O'Brien Gold
.
Mines Ltd
56%
8.75
1.10
8.75
1.10
500
500
1.65
-1.65
34c
34c
2.15
2.25
4,000
960
1.15
1.15
16c
20c
8c
v
2.15
Jan
15%
Jan
22c
Feb
2.65 Mar
i
3.55 ,Feb
3.15 Mar
4.80
Jan
3.75
Feb
56%
Feb
10.00
Jan
Feb
3.00
300
15c"
-
,
Pitt
Gold
Gold
Quebec
Ltd—
Mines
MineS———„
Yellowknife
Gold
Red Crest Gold Mines Ltd
•
1
Regcourt .Gold
Sherritt-Gordon
Ltd
Siscoe Gold Mines Ltd
Soma-Duvernay
66c
Mines Ltd—
•<
y
8.75 Mar
•
ly
Jan,'
JaiiyV:
1.02
12c
7T.20 Feb
Sullivan
Villbona
Gold
Westville
1
-
1
';,
11c
Mar
34c
jan
Feb
43c
v.
^
Jan
1.93
Jan
2.05
1.65 Mar
Feb
2.65
v
Gas Co Ltd
"
45c
1
;
-
•.
Homestead Oil & Gas Ltd-
1
12c
Jan
23c
Feb
8c
Jan
9c
Jan
3,600
24c
43 c
Feb
43c
Mar
Mar
4,025
*
16%";
American
Forest
50c
O5o
,Jan
7,500
12c
Mar
60c
Mar
5,800
-
19c
Jan
78c
Jan
20c
Feb";
16c
Mar
.
,
,
3c
'
Jan
2,500
10c
Mar
18,000
1.27 -1.30
7c,
7c"
42c
45c '
Jan
7c
Jan
Feb
19c
14o
200
,
Last
,
.
stocks—
'
par -1:,';".
..
Abitibi
Power
f- $1.50
&
Acadia-Atlantic
Gas
Sugar
common
—
!
Preferred
Acme
—
preferred
$2.50
&
18%
21
40
*
——.—20
25
Paper common-
preferred
Oil
*
100
♦
r
1.30 Mar
1.27 Mar
Akaitcho Yellow Knife.
1
r
Alger Gold Mines
1
Algoma Steel
Aluminium
common
Ltd
Aluminum of Can
Amalgamated
...
pref
-*
100
1
Larder Mines
American Yellowknife
anglo
Canadian
1
Oil
Anglo-Rouyn Mines-
■
Apex Consolidated Resources
For
footnotes
see
•
—
page
1626.
---
•
Feb
41,500
794
2%
2,325
22 %
22
5
"
Feb
152
8,500
18c
25%
25%
1,255
25%
7Va
,
"
8,400
15c
7,250
27
27
1.30
1.25
1.38
3.95
t.
Ankerite
Buffalo Canadian
Red Lake
Gold Mines
Mines
...
Hill
Bunker
Burlington Steel
Burns & Co class a
—*
Class b
Sales
for Week
Shares
19%
Jan
14%
Feb
Feb
Feb
140
37%
Jan
41
Jan
290
22
Jan
23%
Feb
"y;
23%
10
105
24%
191.
__h
26%
26%
1.26
1.20
13c
13c
1.34
1.25
«--1.10—'IrlO
7%c
7"%c
,
138
2514 ;
193
20
'
Jan
.?
6c
——
Canada Steamship
common-...
Bank of
Canadian
Canadian
Breweries
Canadian
Canners
1st
Conv
Jan
10c
29c
2.85
Jan
30
188
Mar
205
Jan
10,700
10,500
>
1.05
Jan
Jan
6%c
19c
1.51
1.30
76
12
Jan
Jan
40
Jan
Mar
5
17
Jan
18
188
Jan
200
Feb
305
14
Jan
17
Feb
265
47
Jan
49%
Feb
75
Feb
87
Jan
19
Mar
20 :
22%
24
25
1,920
24
23%
150
Jan
26%
Mar
24
•
Feb
23
21% Mar
944
23%
25
Jan
Jan
Mar
38
5
19
21%
21%
Feb
26
23% Mar
Jan
Jan
26%
26
26%
240
26
Mar
29%
23
23
24
565
23
Mar
26
Jan
15
Feb
19%
Feb
'13%
18
,
14
75
13
Jan
18
18%
'660
18
Mar
62
63
85
59
Jan
67% Feb
27
27%
295
22
Jan
30
13
14
545
12% Mar
47
99% Mar
99% 100
Feb
15%
Jan
Mar
100
16%
Jan
13%
13%
13% Mar
13%
13%
13%
680
13%
100
13
Mar
16
28
28
120
28
Mar
37%
Jan
Jan
87c
Feb
Feb
18%
Jan
157/«
Feb
5,871 .7
80c
75c
72c
17
Jan
2.00
17c
355
13%
2,170
5
101% Mar
2.65
300
2.60 Mar
1.22
2.60
17%
13%
101% 101%
13%
1.25
1,100
1.96
2.02
1,100
19c
3,000
17c
Mar
26c
17c
3,000^
16c
Jan
24c
21,500
37c
Mar
79 % c
Jan
67,200'
17c
Mar
33c
Jan
2.60
24c
'
18C
24c
44c
37c
50c
17c
20c
3.55
17 %c
4.00
Jan
<
3.00
Feb
1.40 Jan
1.22 Mar
2.20
1.93 Mar
61
Mar
Jan
Jan
Feb
4.30
3.40 Mar
i,935
Jan
105
Jan
:• Jan
44c
7,200
43c
70c
1.25
2,090
75c
Jan
8c
9c
14,500
8c
Mar
2,000
13c
Feb
19c
15c
Feb
Jan
Feb
2.90
5,750
3.45
3.00
9c
-1
2.99
41c
—-—
46c
12 '/a
; 4ic
12
125
41c
2.90
2,600
40 %c
.y
i.
'
1.28
24c
6,700
38c
900
38c
1.95
°
22c
1.95
100
1.80
1.28
1.40
1,650
s
*
Consolidated Central Cadillac Mines—1
Consolidated Mining & Smelting-.—5
Consumers Gas
100
'
Jan
40c
Mar
Jan
Jan
19%
20
83c
87c
ii,964
65c
Jan
42c
Mar
W-
86
166
47c
53c
7,500
83%
86
1,138
83% Mar
168
189
165% Mar
165%
Feb
Mar
120
'
51c
<
35c
20
—
Feb
Mar
83c
—
Feb
15
Mar
1.28 Mar
17%
1.25 Mar
14vac
Feb
;■
21c
38c
22c
—1
i
Bakeries
,
12'/a
*
Yellowknife Mines
Consolidated Beattie
13
90c
—
Feb
Feb
76
19
Commonwealth Petroleum
13c 1 Feb
48
49
31
62
'Jan
15c
Colomac
Feb
15%
23%-Jan
4
10
100
189
Mar
105
53% Mar
30
1,670
17%
\
45c
Feb
Mar
39%
14%
49
Smelting
—
Consolidated
Mar
"225
Lake
Jan
97c
10%
38
15%
Malartic
Feb
13c
70
17%
1
Oils —
Cochenour Willans Gold
1.90
500
130
188%
——1
—
1
1
Coastal
27%
5,200
!'■: ' 440
10
•;,
Chimo Gold Mines
Chromium Mining 81
•Jan
15c
.'S 19% Mar
19%
30%
53%
Feb
3.50
Jan
2.30
Feb
40c
103% Mar
30
—
1.15 Mar
Feb
20
19%
1
1
—
Conlagas Mines
Coniaurum Mines
26
95
17%c
Jan
24c
3,200
53%
100
1
preferred
Mines
Plow
Feb
9%cMar
3.00
30%
:?
\
2,000
Mar
2.40
103% 103 %
19%
*
100
•
15
Jan
1.70
17%
Patricia
Cockshutt
•"
Jan
Feb
16% Mar
Mar
16
7,500
'
15%
33c
Jan
12%
30
Feb
32 %
%c Mar
21
6,000
27c
2.90
——25
Railway
Chesterville Mines
Com
23c
,
13 % Mar
140
V
9%C
Alcohol com
Gold
Citalam
13%
147
103%
Oils com
Utilities
Jan
3,686
78o;
Pacific
29
75
2.15
Class b
Canadian
Feb
125
2.01
Fdry common
Canadian Industrial
Jan
25
12%
25%
'
—20
*
—
Feb
11%
Jan
15
•
Class a
•
Canadian Celanese common
•
Canadian Dredge
—
*
Canadian Food Products common
•
Preferred
—1°°
Car &
7%c
12
29c
Commerce——10
*
•
preferred
Canadian
Jan
?, 10c
common
preferred
5c
16%.
class a—
Class b
Jan
16
—-—50
•
—
*
Preferred
Canada Wire & Cable
29%
13%
39
-
...
Jan
15
Canada Packers class a
Canada Permanent Mortgage
Jan
20c
2.10
Flon-
Feb
Jan
yt 20c
9,500
12
16%
4.25 Peb
35c
' 50c
10,300
„
25
--
Jan
1.55 Feb
3.80 Mar
1,200
21 %c
Feb
'.•• 32c
.21
11,200
-
Feb:
Feb
1.50
'
27
1.34
1.35
1.15
8'ac
6c
35
Jan
20c
16,900
*
Jan
1.20
2,300
y
Jan
6c
32
10
Feb
107
Mar
105
500
*'•
:
26c
6c
Feb
'
580
**«■»
—1
Calmont Oils
1
Campbell Red Lake
!
1
Canada Bread 4%% preferred
100
Canada Cement common————*
Preferred
—
20
Canada Malting
100
Canada Northern Power
*
Flin
Callinan
Cheskirk
1
High
LOW
21%
23c
__
Range Since January
22
1.25
30%
*
Gold Mines—
Central Porcupine
Centremaque Gold
Chemical Research
Jan
1.20
30%
•
Central
Feb
35
39c
30%
——*
—•
preferred
Calgary & Edmonton—.
2nd
Castle Trethewey
y,
6 %c
34c
Canadian Malartic
18%
35
4.00
23c
36c
Gold
Mills common
Caldwell Linen
Feb
18
40
3.85
23c
Feb
29%
Mar
1.20 Mar
10,700
1,650
3% Feb
27c
48 Vac
Jan
•4 25
5
37c
V
•
•
-•
*
*
7c
2,905
23
—
Products
Building
Mar
;W 3,190
39%
.—1
•
•
1
Mines
f
40c \ Jan
—
v'
Feb
Jan
9
Jan
41c
40c
f
29%
Jan
19c y
17 %c
41c
Feb
Feb
16
2% Mar
105
2%
2%
18c
—
7%
28
-V' 145
Jan
4%
14% Mar
265
8
.29
Feb
Feb
27
Feb
3% Mar
60
14%
Feb
17
Mar
400
'
28%
'
16
Jan
30c
Jan
65
22c
,3% .,3%
Jan
24
Mar
16 %
Bruck Silk Mills
Gold
Jan
Feb
3%
150
1,930
150
17c
13%
Feb
2%
18c
Porcupine Mines, Ltd
3c
21
1.23
.
11c
11% Mar
13C
;
16%
29
Jan
Feb
18%
23c
,
Feb
10% Mar
22
~8
75c
9c
18
—
•;
——
common
Jan
44c
Feb
14%
Mar
v
Feb
6%c
20%
6%c
<
28c
Jan
10%
150
'<
(—
Oil
Dominion
Canadian
High
105
•
-
Low
23
—*
—-
Agnew Surpass—
Jan
32c
150
11%
Uc
3%
42c
75
Sale Price c of Prices
^
;
14c
8,135
25%
8,000
4c
Week's
Range
Friday
■'
12,960
2%
22%
••
24c
11%
11c
2%
Feb
37c
35c
10%
,
c>
Feb
28c
;
10%
21c
\i\
11% ;i
—
15,000
15%' 16% '
'
s
230
1.-—.—
Canadian Locomotive————.-—
1,000
Canadian Funds
-
Mar
1.34
Jan
16c
—
2.80
2.15 Mar y
1,800
y
Feb
Toronto Stock Exchange
»
88c
36,700
V
Cariboo
u
43,700
—
Class b
Buffalo
Feb
22c
b
Buffalo
55c
33V2C Jan
1.20
Columbia Power class a—
Buffadison
Mar
16c
British Columbia Packers "a"
Broulan
Feb
19
1.05
—
Jan
191
Jan
11%
80
18c
Oil
Columbia
Canadian
1
8,000
Mines
Lake
Red
British
Feb
5.35
2.10 Jan
2,534
,,
34 %c
Jan
200
17,050
Feb
770
Mar
63c
ii,000
llcl2%c
35/«c ::
Royalite Oil Company Limited
Feb
18c
Feb"'
13c
1.23 Jan
500
14c •
63c
18c
2.30
11c
1.15 Mar
•
1.30
*
;.
62c
17c C?
2.30
10c -
;Il%c
yy:p:; yyy*v;;jyMv-:---
y
Anglo-Canadian Oil Co Ltd
East Crest Oil Co Ltd—
Gaspe Oil &
__
1
Ltd—
Mines
Mines
Oil Stocks
.
.
—
1 V
—
Ltd-
Mines
Cons
43c
'
Jan
186
395
V<
18'c
—
15c
.
20,400
»
4.45
63c
13c
—
y
37,000
25c
43c V
,
4.10
62c
—•
" .*
1
Stadacona Mines 1944 Ltd
Standard Gold Mines Ltd
43c
100
68c
24c
-
4.25
1
*
-
65%«
25c
1 *
-
Gold
-
—50c
:
1
^
Mines
19c
•
—1
—
14C
19c
8c
14c
Mines
1
———• '
—.
Santiago Mines t1
Senator-Rouyn Ltd-
„
—l
•35c
Mines—.——*
Brewis
Class b
Perron
—
British
Calder Bousquet
33 %c
56% Feb.
200
y
Jan
>Jan
410
15c
15c '
:
a
Jan
Jan
200
V
3.35
56%
—
0
1
_1
Mines
Gold
2,450
13c
tear
13c
600
3.70
.
1
—
2.85
3.55
>
„
'-—-—1—1
2'2o
II,000
Feb
90c
Jan
13%
100
y
14c
13c
13c
-
14%
Feb
5c
Mar
58c
5,006
25c *'
;
14%
28c
Mar
8%c
15,000
58c
Feb
11%
Mar
19c
12,000
58c
1.92
Uat
10
25c
1
_
Ltd—
Mines
605
■
4%c
_i
Cons Dredging
Louvre
6,500
Feb
4c
Mclntyre-Porcupine Mihfes Ltd—J--—5
Mining Corp of Canada Ltd
-j.*
....
Jan
43c
19c
Madsen Red Lake Gold Mines
Nechi
ib j.0%
• .
1
Ltd.
40c
Mar
1
Mines
Mines
Jan
31c
19c
Ltd-
Louvicourt.Goldfields
23c
.
4%c
Mines Ltd—
(1945)
Mines
95c
1,000
31c.
35c
Jan
Feb
14,500
.1.55
31c*
33c
..1
;
Mines
Lake
1.38
■
Mar
15c
1
JOliet-Quebec Mines Ltd-
Lake
1,000
"
6%c Jan
1
Mines Ltd
188
18%
9.50
Jan
8.00
1.15
.♦
Brand & Millen class a
——*
Brazilian Traction Light & Pwr com—*
Preferred
——100
Brewers & Distillers
5
Class
Feb
200
186
1
*
—
class
Boycon Pershing Goia
Bralorne Mines. Ltd
Britisn
Feb
Feb
54c
Jan
Jan
j
Bobjo Mines Ltd
Co.
45%
43
34c
1
—
Bldgood Kirkland Gold—
Mar
91c
Jan
41
35c
1
1
Feb
40% Mar
18%
-I
7%
20
21,100
9
9
Feb
Mar
65c
■
vt-v 4;io%-.
Gold Mines Ltd
J-M
18c
31c
1
fu^A'
*
Bollinger
7c
18c
y 1.52
—1
Mines
6%c
56,800
16,300
4'
.
*
«,
Goldbeam, Mines
Goldvue
♦
187
Feb
1
70c
6%c
1
Ltd—
Mines
<
\:M
23%
50
37c y 40c
9
...
Mines
Gold
Bevcourt Gold
Brltisn
Fontana
1
.100
Quebec
Feb
18c
6
22,600
43
40%
38c
Yellowknife
Telephone ol Canada
Bowes
83c
43
-
Bertram & Sons class a
Berwick
100
40%
Belleterre
ben
Mar
1.16
7C
7c
23c
3%c Jan
1,500
Mar
19c
3%c
—_1
Buffadison Gold
5,290
Mar
23c
__
1
Ltd—'
Mines
5C *
15c
35c
10c
3,500
6
78c
79c
Exploration & Radium—.
Jan
470
•>
Mar
7%c Jan
20% Mar
22
21%
6
Mar
Feb
26%
b
60
Jan
5.00
13% Mar
18c
a
class
Power
76c
Jan
Jan
4.30
12
26%
1
■
1
——10
10
——10
—
• —•
of Montreal
Bank
9%
53c
Mines
14%
Feb
Feb
1.12
__
—1
Gold & Diamond Mines Corp___1
Brazil
19c
15c
36c
1
1
Bouscadillac
14c
5C
—1
Mines
Bonville
15c
*
Bevcourt
Feb
14c'15%c
Fabrics class a
Auto
Mar
9%
100
&
57
Ltd
17c
28c
Aumaque Gold Mines
Aunor
30
125
j33/4
♦
Feb
Jan
Mar
41c
30
5
■-v
12
25
.H-. 25
___*
Astoria Quebec Mines Ltd
15%
Feb
20 %c
Mines.
Yellowknife
Atias
Beaulieu
Area
Jan
7c
14
14c
;;
-
Steel
Atlas
2
.
17
'
10
123
Jan
16% Mar
9
30
30
-
Jan
24c
Mining Stocka
Mines Ltd
225
2,500
11%
Mines
Class b
Alta
Feb
Jan
14
28c
Astoria Quebec Mines
Athona
12
30
I
10
119% Mar
50
10y
30
16
v.;
600
£
30
__
100
Manufacturing Co
Woods
60
9%
<i__
:;y
Ltd
Corp
Ltd
Hotel
Windsor
\
Jan
II
•
*
Securities Limited
United
Jan
Jan
8%
^
class Ai————*
—-4.-———^
B__——'A
Distillers of
Westeel
55
13
9
-■
—0
United Corporations
•Class
50
375';:
24%
4
10y2
B—•
United
rqia
24%
34c
pfd
Ltd
Co.
14*
a
Ashley Gold Mining
112%
$
Canada
of
Gas
Ashdown
Jan
12c
Mar
llcll%c
class
Hardware
Jan
22
Jan "
119%
~_Z
_I
United Amusement Corp Ltd class A
Class
110
10
*
_100
Thrift Stores Ltd
Union
18% Mar
2
"'
14
24%
:
Invest.
Southmount
110
501/,
_I
Stores
Canada Pow 6%
Southern
250
9c
8,500
"
'
*
Ltd
Sangamo Co
187/
110
_lo
:
Power Corp cl A
Quebec Tel &
18y
—
5y2
Purity Flour Mills Co Ltd
Rand
i87/e
*
Corp of Can
Power
Mining
1.99
Feb
1.56 Jan
21
1.00
61c
89%
175
Feb
Feb
Feb
Jan
Jan
v
1624
CANADIAN
LISTED
RANGE FOR WEEK ENDING
Friday
Sales
Week's
Yv
Last
STOCKS-
Sale Price
MARKETS
MARCH 21
Y-;;,Y Friday
v.,,
-v:.
Last
Range Since January 1
Shares
STOCKS—
Sales
Week's
Range
'
for Week
Range
of Prices
Sale Price
for Week
of Prices
Shares
Range
'
Par
Conwest
Exploration-———-
Cosmos
Mining
Crestaurum
Aircraft
High,
29
325
Jan
1.58
Feb
Jan
30'A
Jan
13,190
28
92c
•27 ft
1.10
A Y Y
■
/'r:I>/YY,Y"
34c
34c
500
28c
Jan
38c
Jan
International
1
33c
33c
1,250
28c
Mar
55c
Jan
International
42c
500
41c
Feb
690
26
26
26
31
Jan
Jan
international
*
35
33%
35
3,975
33'A Mar
1.43
Feb
37 ft
Jan
International
Petroleum
•
14 ft
14%
14%
3,855
14
Jan
16 ft
Feb
2 'A Mar
"international
Uranium
1
52c
55c
Y 5,915
48c
Jan
90c
1.45
1.45
200
9c
9%c
1.65
2'A
95c
Feb
15c
10,515
,
Jan
17c
11c
11c
30
30
13
13
17,500
Mar
500
Y
'Y
Y
.
lift
110
-1
2.10
2.05
2.25
3,100
.1
18ftc
17c
19c
113,000
25,200
60c
60c
66c
1.35
1.35
1.41
72c
88c
26,500
16%
16
—
Lake
55c
Jason
Mar
Jellicoe
2.45
Jan
Mines
53c
50c
—
Feb
Jollet
.
•
-
27
,
Mar
1.45 Mar
-1
common
Quebec
Kayrand
Y 15c
Jan
Jan
55c
Feb
6c
Mar
56'Ac64'Ac
57c
1
Jan
42c
1,266
v; • 9c
Jan
19,144
56'Ac Mar
95c
Jan
S'ftc
—
-
8c
8,500
7,863
8'Ac
.
43c45%c
:.
1.05
1.05
1.10
12,400
20
Bank
Dominion
Dairies
20
21'A
3,775
25%
27
797
10%
.10
——
10%
100
commons-
Dominion Foundry
& Steel-
29
Dominion
Magnesium——.
8ft
Dominion
S(;eel & Coal cl B_i_——_25
•
Dominion
Stores
Dominion
1-1
17c
18c
20c
12c
89,000
common—*
Chemical
&
trust
27 ft
26 ft
26
25 ft
Dominion
certificates
Woollens
550
A
"is;
'
26
23.50
Tar
26
v
.
27
.
26'A
*
26%
13 ft
13 ft
14
Mines
1
Duquesne Mining Co
Duva.v Gold Mines
:
16'Ac
16c
34c
33c
7c
East
Mines—
1
:
Steel
Elder
Machines—
class A
Mines
Eldona
15
20'A
1
••
•
::
•'
.
.'
**
'
•
•
•
Fibre
products
preferred
■/
Class
A— „
Fleet Mfg
Ford
of
Canada
A
2.45
-
Jan
Mar
25
14'A Mar "
21
Mar
1.03 Mar
52c
Mar
20c
(A J) preferred
-
1.36
Exploration
Laura
Gatineau
•
5%
Power
common
2.20 Mar
2.75
General Bakeries
General
Products
General
Steel
1
Giant
Mfg
Wares
Yellowknife
Gillies
preferred
Lake-Porcupine
Glenora
God's
100
Feb
19%
Mines..
67
Jan
4.20
275
7%
116
8'Ac
111
4,800
5.50
Gold
-
"
9%
9'A
Lake
10
-
7
Class
Lunward
Lynx
Feb
98'ft
20
19'A
15c
10
Jan
13 ft
Goldcrest
Gold
Feb
5
Feb
Feb
38c
Feb
100
2.80 Mar
i
'.'■■■
•!.-
■
■•".
.
.
Manitou
Goldhawk
Goldvue
6.55
:
1
...
Jan
.
20c
30c
:
4ft
V
"19
-
45c
111
'
101ft
Jan
101 ft
Jan
18'A
5.85
14'Ac
Jan
20c
179,950
57c
Jan
1.92
Feb
17c
Mar
22c
Jan
18c
Mar
27c
Jail
1,500
•
v1?'8,500
*-
4,300
12c
Mar
30c
Mar
12,700
..
"
23c
2.50
Feb
3.30
Great
West
Greening
Saddlery
Mar
Mar
32c
Mar
43c
He
lift
104
54
74c
Feb
50
76 ft
74
113'
11
I—
11
11% Mar
tiaicrow
11%
Gold
Hallnor
Harding
Gold
15
20
Highland-Bell
J.
4%c
5.50
Feb
National
9'A
Feb
National Grocers
49c
10%
18c
13c
1.25.;
V
49c 50'Ac
10 ft
12ftc 15'Ac
38,915
1.36
75c
73c
;
l
Minoc
Paper
Bay Mining
&
Hugh
,
|
Smelting
Malartlc
;
Hunts Ltd class- A
——
Huron & Erie common
10c
Jan
Mar
35c.
Feb
1.00 Mar
1.40
Jan
41,100
—100
Oil
Imperial Tobacco
Indian
10
«
of Canada
Lake
~o~r~finary" a
1
Jan
96c
Feb
1,500
77c
Mar
89c
Marv
4,700
12c
Feb
18c
Jan
16c
Feb
22
10'A
9.85
3.15
10c
'
10c
4C
3c
54C
51c
28
28
52 ft
'
New
•
80c
36c
36c
v
'
6,000
23
8c
190
IOC
21
Jan
Nib
r
*1,816
Jan
23 ft
Feb
9.85 Mar
2,835
3.20
lift
A
*
3.50
Feb
14c
Jan!(
Marlon
2.75
9c
Jan
Mar
35,825
3c
Jan
7c
60c
25,050
46c
Feb
64c
Feb
28
20
28
Mar
28ft
15
51
Jan
37c
6,400
41
42
*1,435
7c
7c
8'Ac
13,000
lift'
3«
v
...
113 ft 113 ft
450
16
11
45%
Feb
13c
Jan
Mar
Mar
107%
I
Feb'
Jan
7c
47c
Jan
;
12 ft
Jan
115
?
k
Mar
I
Feb
24% Mar
19%
72-ft
19 /
69'A
.35
282
35
414
Jan
•■
282
3ft
30
20c
8,700
14
:
-
Mining
1
55
12
10
17c
•
33
1.90
1,600
43c
50c
gc
gc
lie
13c
9c
9c
«
55c
58c
14c
1,000
6c
7c
4,000
1.60
1.70
34c
38c
12c
wY—» *'
Preferred
1
•
l_
45c
Jan
Feb
Feb
Jan
Jan
13c
Jan
2.02
1.65 Mar
46 ft
55c
54
Feb
Jan"
6c
Jan
Jan
83c
Jan
•■A 17c
Mar
9c
Jan
Mar
12c
-
8,559
Feb
1.60 Mar
14,200
30c
12c
fi.700
11,700
24c
2.05
44c
Mar
11c
?|0c
7c
Jan
Feb
16c
Mar
Feb
34c
Jan
'
5
*
5'/2
400
-
6
6
40c
*
•
8%c
17c
28a'
Y
65c
Jan
Mar
Mar
5,500
__
/
Jan
Jan
1.45
*
7c
5
Mines
2.25
12 ftc
11c,
"
29c
Feb
8c
17,900
14c
"
Feb
33
Yr 2 6'A sFeb
6c
100
;
21c;
:
Feb
37c
1,005
36c
Feb
'
1.65
1.65
lo -.-rJan
11c
5,000
48%
-
-Jan
A'.
"Jan
7c
500
1.65
__
Feb
■tY 13
Jan
1.05 Mar
6,500*
47'A
55c
Jan
19'A Mar
30
1.90 Mar
19,850
1.65
1
North Star Oil common.;
.
47ft
1
14
Jan
Jan
/
23
7,300
lie
1
12c
...24
4,950
8c
—
_l
—
8ft
2,000
1.10
Jan
Jan'
■>
11% Mar
•
y'Y,..\ 50.
//Y 245
1.98
45c
♦
North Inca Gold——
Northland Mines (1940)—
29
50
.7ftc
Jan
Jan
17ft
>'
150
17c
-
25%
25c
37c
-
10
Jan
Y
Mar
13
150
1.08
__1
Norseman Mines
18c
Mar
Mar
4
25'Ac Mar
65
17%
29 ft
295
423
-
3% Mar
5,500
29c
12
1.98
1
Norpick Gold Mines
Feb
Mar
Mar
Y
22ft
Jan
/174 ft
Mar
620
Feb
9
Jan
595
423
13
7ftc
1
7ft
16
II
17 ft
1
^
Rouyn
19
25
S
Mines
Norzone
'
5,456
150
29'A
„
*
Norgold
Y
24 ft
?
9c
Norbenite Malartlc Mines
•
Feb
,n^Y 33 YY, 33
1
Nordon
Normetal
Jan
72c
18c
10
*
T
■"
18
Jan
25'Ac ;
__
■
_1
Y
•.
Mar
55c
3'A;
1
Nipissing Mines
Noranda Mines
Y
410
1,855
282
13
1
Y
52 ft Mar
Jan
58c
70
__
1
Gold
Jan
10.50
.,15%" Feb
21ft- Feb
Jan
20
17
19ft
•
Yellowknife
Corp
13
8%
24
29'A
Nicholson Mines
i
Feb
Jan
40
Y
27c
Jan
52 ft
I
40
40
56c
18c
/
25c
Pip.p class
Car
3% Jan
8.25 Mar
765
',
Jan
Feb
11c
Y
"'V/'
423
Jan
2,500
-
4C"'
Sewer
Newnorth Gold Mines__:
•
(
10 ft -
Petroleum
Y'1 19;
Mar
'
__
*
Negus Mines
13c
lie
*
Feb
16
3'A
*
'
20c
'Y v'-:'/.•/> V/ "
5
•
Steel
.
70
20
New Bidlamaque
New Calumet Mines
]■:
;
70c
.
Bank
Feb
77c
U
>2—
15c
rrfd
Jan
Jan
8ft
0
Feb
25c
41
j
Y--..-.National
12c
50
.„
1.49
Chemicat
common
Hosiery Mills class A
National
Feb,;,.
5,500
77c
9'AC
"
common
Minea
Jan
&
21ft
I'V':
19%
'
*
<•
—
8.75
15'A
21
_100
,
Class B_
Mar;
21 ftc
80c
j
Preferred
1.04
3,800
.
National
12c
"
—III
Oil
18c
Drug
Preferred
f 11% Feb,/
Jan
(2,500
1.20
,
Jan
National
11,500
26c
'
Jan
Jan
65c
12'Ac Mar
1.22
10
•-•Y'V-Y'
.
Feb
18
Mar
14ftc
10c 10%c
•
Yellowknife
48c
1,010
25c
0
Oil
8,780
15,600
1.10
•
Home
Feb
l&e
25c
•
Hollinger Cousolidaied Gold Mines
1'/
10%
17c
,1.20
l
•
5
Mylamaque
8.75
Jan
94c
'62c/
Jan
15'A
Jan
.'Y 4%.c Feb
Feb
17
110
Feb
27ft
MarY
15c
.
Jan
59 ft .Feb
Feb
100
lY
750
Feb
•
104
.
Mar '
3c
;.40c
2'A
*
;
70 c
-
6c
24
'
Jan''/
1,000
•
J-
Jan
'54
8,600
-
19
•
102 ft
25,900
1
16c
-
23%
30
1,095 ■:
I
9ft Mar
Jan
661
'
2,375
*
Y
11
7,500
58c
•■"/.;
/ 19
2%
.
*
•
Jan
9ft Mar
•
7'Ac
1
,
17%
10'A Mar
'
2'A
1
7% Mar
'
V
,'
Feb
Feb
6'Ac
8.75.Y
1
4.90 Mar
Y.':
Y
21%
32 Y
2%
17
Lac
250
Jan
18
'
__
.
Mines
640
Hinde & Dauche
imperial
Long
18
.
Imperial
Mosher
Brass
8'/a
1
Hiarhridge Mining
Highwood-Sarcee
Oil—
Hudson
Mar
10c
16c
8ft
preferred
5.05
7c.;
>
Feb
7'Ac
;
•
Class B preferred
Morrison
4.90
i
Gold
Smith
Class A
Jan
1
—
Gold
20
4c
Jan
Jan Y
73c
48c
1.15
15c
Jan .;
125
104
4c
Feb
114%
/
:
18%
56ft
42c
I
JanMar
28 ft
24 ft
72c
f
Jan
4,704
75
'
■»
Mar
;Y 170
*
15
104
Y
f 90
9c
19
:.
__
_
„
85c
6,100
24 ft
—
-
Feb
Y 5'Ac Feb
*
;
9ft
55ft
48c
*
Jan
2.45
Feb
;-14
10%
72c
-V,
—100
Light Heat & Power
::
Jan;
16 ft
Y";,-,- rYlY
;
Montreal Locomotive —J.
Jan
Feb
,'>*•••>"
.
Works
Moore Corp common
57c
19 ft
'''''
Tool
Montreal
Feb
14% Mar
•' 11c
;;
.
9 ft
;
Jan
80"
395
10%
56'A;
'
5
18%
;. /
25ft Y:
3c
1,600
21ft
10%
•
■■■■.■*
■
10c
,
*
Monarch Knitting common
Moneta Porcupine
5'A Mar
Jan
'*
'A*-'
Modern
Feb
Feb
12
:
—_*
Mar
-1
Mascot
Howey
''Mv'
common
Jan
52c
>\
Jan
7,900
,
Mar <;
1.96
5,000 '•
30'A
*
A
Feb
3.95
3.25 Mar
38c
92c
30
•"
Modern Container
Jan '
Feb
2.25
Jan
1.81
"
39c
Jan-:
2,900
14'A
•
•
v}Class
4.20 Mar
4.85
3.20 Mar J
20c
'
Y 3,480
-14
Y
*
6c
1
Gold
Howard
78ft
100
"
Jan
Feb
590
;
.
42c
"./
Jan
Y
Y 3.10 Jan
2,600
81
"
19%
*
Mining Corp
Jan
*
90c
.
.
Y-Y':-_
1
—
Feb
Jan
28c
-
40c
30'A
1
—
6,583
3.40
Y
Y 20
•
l'-r
I
Brick
4c
Heath
Gold
Feb
.1
Gold
Mills i
Mid-Continent Oil & Gas
9,000
1
Hosco
Jan
5
6,500
90c
5 Y
-
2.40 Feb
Y. 39c
Mar'
12,700
2.05
3.25
♦
y
.
Mar
4,250
-
28c
.
1.84
*
25c
20c
?.
•'
3.95
3.65
" 25c
.
7,500
.«
•..
-
Y
Jan
1.85
3,900 V
;
3'Ac
*
common
Milton
10,100
*
—
Homestead
10
10
32c
26c
3'Ac^Y 3'Ac
*
Mercury
4c
Hasaga Mines
Y
Headway Red Lake
Tomer
Jan
28c
Y
2.15
'
Feb
34ft
Lake
3.60
2.05
i—*
i
Red
2.58 Mar
3.80
11c
•
Gold
4c
III
Harricana Gold Mines
Heva
63
13c
Oil
Jan
Jan
11,800
3.55
14 /
McV/atters Gold
29% Mar
21ft
Jan
100
52c
Frontenac
8
Carpet
Feb
2.85
Y2.05
•'
X
*
6'Ac
II
Jan
31 ft
,YYY-81
Y
^
class A
18
Mines
Jan
1.30
33%
38c
/
•
preferred—
7c
,.l'
Harker Gold Mines
Hedley
Jan
Mar
24
"
(L)
4c
Bridge—
Rock
12c
1,475
5
*14%
Hamilton Cotton
Hard
1.40
34c
25% Mar
38c
—20
-1
—
.
"
30% Mar
'3.35
,
1 *
common
..1
—
Mines—
Hamilton
;
24 ft
20% Mar
'
49 %c
.
7'
90
755
20
Swavze
150
1,500
11
5
-
52c
preferred--
Halliwell
Feb
Mar
1.05 Mar
225
Jan,
'Jan
55'A
'
"
76 ft
V(f- —
Brass
28
21
12c
;
18'Ac Jan
Mar
25
32
!'"
1.25
22c
Feb
'
1
"
Feb
4'Ac
40
•
28%
-1
1,600
7,600
49,600
Jan
Feb
4'Ac
#
-280
-
;1.84
———1
B
McMarmac
Feb
Jan
54
32
common
Wire
Gunnar Gold
Hahn
Y
Jan
lie
"
Class
McLellan
-45c
12,500
28
Mines.——
Gold
Preferred
!—___
Mclntyre Porcupine Mines
McKenzie Red Lake ___;
Jan
6,500
14,000
12c
Gold
Gold—
McColl
;
Jan
50c
"8,620
109
20%
Lake
McCabe Grain
/■>r
•
35c
54
54
Consolidated
McBrine
Feb
3'Ac.,
6c
1
preferred
2 ftc Mar
31ft
23c
25c
;
1
-
Preferred
Jan
9c
17,300
106
1-
A
1.31
17c
21'A
Mar
;Jan
20
-•
30'A
3.90
-•
Red
Massny-Harris
7.15 Mar
Feb
' 51c
33c
.
<«
Class
8c
395
4,300 :
30
/
-3.60
Feb
Jan
Jan
,
2.70
11%
♦
Jan
Jan
6,450
..
'■*
1
Martln-McNeely Mines.—;
Jan
17'A
M
<»
Mar '
: 30%
"
29c
1
Lake
Marcus
Jan-
5ft
4c
lie 14'Ac
109
50
'.-,13c
Y 50c
Jan
8c
Jan
6.50 Jan
2.05
2.75
Maple Leaf Milling
Mar
Jan
33c
45c
-
6'Ac
:
35'A
Feb Y
32c
.
Y/ 4.50 Jan
2.70
31
-X, \ '■ *
:
Maple Leaf Gardens
Feb
'
111*
Mar';
15C
,
2.60
35c
-
• *
,v.
-
Feb
5.70
Y Feb
■?' 1.25 Jan
3.25 Mar
•
20,100
-
1.22
1.93
23c
—
Mines
Magnet
*
5,200
20c
18c
12c
12'Ac
1
Preferred
110
905
8,496
1.55.
■-
> y
.;
Mines
Madsen
Feb
3.25
Feb
6,200
15c;
17c
2.70
♦
;
Mining
common
Jan
125
6.75
30c
1
Mines
10
A-
5'Ac
12c
1
Porcupine
Goodyear Tire
'
10
18c
1*
Mines
Goldora Mines
Goodfish
18c
.
9c
3'Ac
1.10
1'
Malartlc Gold Fields—
•^
Manitoba & Eastern
.
Golden Arrow Mines
Golden
;
17
109 ft
45
•
1.30
A
325
"
18
5c
\
33ft
;j
1,000
12,000
22c 24'Ac
•
Jan
16
ViT
20%
1.25
•
,
Gold.
MacLeod-CocKRhutt Gold Mines
-
'110.
14'Ac
5c
1
;
_.
Mines,.
17%'
17 ft
14ftc
l
Gold
Eagle
8c
30
1
Mines—
Macfie Red
Mar
22 ft
Jan
Mar
-98 ft Mar
2,230
101ft" 101 ft
6.70
—•
—.—
;
4%,.
'
Macassa
-•
2.99
Gold
Yellowknife
I'"..""'
Feb
,; 7%
37A Mar
3,555
26,900
4%
*'
Goldale Mine
V
1.95
B
Feb.
lie
Feb
11%
425
22
20c
110
1
Gold——
8ftc
33c 37ftc
1.17
*
Louvlcourt Goldfields
Jan
134
Jan
6ft Mar
200
4%
Feb
;
MacDonald
-
12'A
110
1
Gold
-Y*
..
Mar
7'Ac
40
:
Jan
6% Mar
125
;
6ft I
17 ft
17ft
1.. Y
8'Ac
23c
1
—1
Little Long Lac Gold Mines Ltd—1
Loblaw Groceterias class A
Feb
Jan
109 ft
4%'101'ft
•
common...
Gold
i.
15
998
1-28
—1
(
Gold
34
6.30
,*/: 20
'/v. 3'Ac
•
Jan
33c
,
Jan
1.00 Mar
900
Feb
17 ft
2.90
„
• ,//
:
Mines, Ltd—
//
Feb
Jan
15c
Mar
13%
12,050
•
20'A
1
-•
I;
8ftc
3
(-A
1.05
;
3.30,.
;
35c
•
Feb
61c
.86c
8c "Jan
20c
2,343
6.20
8ftc
'y
!.—1
Candy—.—
Ling man Lake Gold Mines
Gold
2,500 "
9,500
.
3.25
/,
—
»'iV.-Tv^Vv
Mines—
Lexlndln
-52'A
98 ft
—
109 ft'
100
—
1
Leitch
1.00
34
:"
1
Feb
442
20'A
17 ft
100
preferred;.'—
"U"
Secord
Mar
25c
14%
———
6.20
Jan
55c
Feb
26 ft Mar
"v 4.90 Mar
37c
Feb
;Y19c
.
.
Jan/
2,300
Jan
Jan
1.69
Mar
48,100
Mar
~
9ftc
14
Y 1.01 I
13c
37c
46c
1.05
Jan
24%
Jan
'
9c
■/
1.33
1,295
43c
,60c.,.
22c
'i.sYt'
■' -v.-tYi
Jani
575
17'Ac
2.90
•
preferred—
5.25
37c
55c
_Y
*
Lebel Oro Mines
/Y
V
Y'5ft%
;
Y
-is;-* '■
Jan
1,335
3"ft
22
•
common
90c
T,
18
12 ft
4ft
-
Milling
>■: w".
Feb
59
115
19ftc
..100
155
24c
Lapaska Mines
Jan
,
4.55
9%\
*
9,000
4.90
41cY
1
35c
Mar
1,704
15c
25%
14 ft
Mines
Jan
15
20
-
13c
4.90
Mining—
——
Feb
Y
7'Ac
8c
12ft
•
Woods
Larder
Y-I
14,100
—1
Lamaque Gold
Lapa Cadillac Gold
"v 4.75 Jan
12
of
Luz
La
y
.
Gold
Frobisher
3.30
10
Jan
Wasa
Lake
Feb
1.99 Mar
425
1.63
—1
Mines
Lake
Jan
10c
■*
6ft
•
.
/57c
Jan
>
•
class
24c
Mar
5c
9,200
7
"
—
'V
•
& Aircraft
Francoeur
Freiman
:
Mar
33c
;
10,150
1.16
4.50
*
_—
Jan
17'A
-
10
:
1.58
I——
Mar
Feb
;'16c
34,500
2.40
1.58
1.10 Mar
i
1——.—*
:
Mar
76c
Jan
14
Mar
35c
25ft
—1
Gold
35c
1,100
1.55
25%
—1
/Lake Dufault Mines Ltd
900
16,000
1
Jan
.42c
Feb
39c
Mar
55c
■r
7%
':T
1
common-.
1.00 Mar
'
57
100
_,
Kirkland
Fittings Ltd
Shore
Feb
t
•
7
17ft
,
•
common
Preferred
Federal
Rowan
-61,100
Federal
Grain
Fortune
>
Jan
31
,
Mar
76c
14ftc '/
•
Mining & Exploration
Laguerre Gold Mines
Lake
61c
1
—
Labrador
Lake
33c
Falconbridge Nickel
Famous Players •»
Fanny Farmer Candy Shops
Jan
37c
Jan
30c, Mar
35c
1.57
1
:—
35c
25
76c
'
—
——1
—;
Townsite
Lake
310
2.35
27
37c
1
(John)
Feb
56c
2.35
Labatt
Feb
24c
"
Kirkland
Feb
15
57c
/X"
Feb
18
27
26c '
1
.
9%
'
35c
1
Gate
Lake
Jan
18,950
79,200
v
*
Jan
1
Golden
Kirkland
•
.
10,500
Yl 2,000
15
1.10
Jan
Lake
Kirkland
Jan
.V
20%
,
33'A
Kerr
—
12%
—.—1
Kirkland-Hudson
13ft
;
'
15
Feb
25%
.
10 ft
20'A'
1.14
*
.
1
__.
*.
.
l.
•
.
;4
3.45
Feb
Jan
.
Jan
24c
Jan
Mar
1
Mines
Corp
•
.
*
Gold Mines
Eureka
"
12 ft
26
2.20;
3.30
10
20
—
Gold
El Sol
3.30
•
Washing
Paper
2.10
2.20
32c
3,863
28 ft
'
8'Ac
1
3,100
Jan
'-16,850
18c
35c
13'A
Mines
Gold
Feb
148,500
:
36c
7ftc
32c
12%
1
Kerr-Addison
26
225
;
.
>"
1.25
.
*
Mines
Easy
Eddy
1.27
1.10
.
1
East Malarcic
Sullivan
1.10
v
1
East Amphi Mines
Crest Oil
East
Eastern
1.12
—1
Gold
Jan
25 ft
88
,
•
Donalda
25,500
230
-
-
__—'—
33c
.295
.
26,
*
255
30c
25 ft Mar •.
-415
,
27 ft
8
31
31c
11
Mar '
13ft
410
■
30
1
29 ft
Feb
29
30
Gold
22
Jan
9
*
Kelwren
1.34
1.05 Mar
18
-
Mar
Kelvinator
Feb
19ft
Jan
25% Mar
260
9'A
14 ft
15
*
Preferred
Voting
'
I
30
1.70
Mining
Jan
98c
Mar
Jan
16
3,665
25%
Ltd
Mines
17%;
1.32
70c
Jan
1.68 Jan
•
Feb
Feb'
9c
43c
1 "
!—*.-1 1
—:r
Mines
85c
Jan
Mining
Mines
26c
;
*
Jacknife Gold
Mar.
14
,
Jan
9c
6,900
80c
1.63
Feb
15c
Jan
Mountain
31
•
Mar/,,
A
Jan
28c
Jan
8c
30
35
■
class
Nickel Co common
Kenville
Dome
Mar
1.50
15c
Discovery Yellowknife
Dominion
Feb
42c
1.00
15c
-
Seagrams
Diversified Mining
Feb
85C
.
1.10 Mar
2'A:
Mines
Distillers
11
-
,
1,900
—C
'
Jan
8,100
13
Red
73c
42c
;
800
1.15
:____
Mines
Dickenson
.——1
75c
9 ft Mar
1.10
B——
Red Lake
Detta
Coke
&
Metals
High
375
75c
—
...
10
1.20: 1.26
—-
Nickel
—1
Since.January 1
Low
>,
9'A
—
1.12
'
Davies Petroleums
Denison
6
High
1.20
_1.—i—-
Davis Leather class A
Delnite
Coal
Low
■
1
—
Island
Class
par ;•;/
1
..
D?Argon Mines
1 -YY;.
Inglis & Co_
Inspiration Mining & Devel
-II—1
——_——
Mines.
Low
High
1.00
—
Croinor Pershing Mines..,
Crowshore Patricia Gold
Cub
1.07
'
*
Imperial Mills—
Cournor
Low
*
-48c
72,800
2.28
9,600
.
75
•
-
•
5
-
Jan
Feb
' Mar
5%
40c
Feb
Jan
.
IOC,*, Jan
6'A
6'A
76c
Jan
Jan
Feb
'
27
27%
13 y4 -13 ft
I
950
5,138
15
15 ft
1,264
14c
16c
26,300
27
Feb
30
12ft
Jan
15
13ft
14c
Jan
Mar
1
Jan
15ft Mar
24c
1
Feb
Jan
O'Brien
Gold
Mines—
Ogama-Rockland
i
Okalta
Oils
—1
— __!
—
Omega Gold Mines
i—
•
•
1
—Y
2.15
1.72
50c
1
Y
2.15
1.72
/
9c-.-^—
1.72
38,350
1.85
1.30
Jan
Jan
2.67
Feb
1.73 Mar
49c
■
50c
*/ "1,300
40c
Jan
65c
Feb
80
-
9c
—13,700
7 ftc Mar
14c
Feb
'
•
CANADIAN
v!v".vVV'* *
Friday-
Week's
STOCKS—
;V
:A:r-\P
.
Omnitrans Exploration
Ontario
Ontario
Crush
Shares
Low;
12c
18%
50
Low
4,900
»
18%
120
—
.120;
9c
14c
20
Feb
Jan
120
Mar
23
Feb
116%
.
*
Lake
Osuiake
18%
>
Mines
; i4c
6,000
13c
Mar
18 %c
'
59c
60c
10,400
55c
Mar
70c
1.10
1.36
71,600
56C
56c
58C
8,600
Par
Cons
Inlet
6C
Pacific Eastern
26c
-
1.04 Mar
52c
6%C
2.26
Mar
,6c
Sylvanite Gold Mines
Feb
Feb
9c
Jan
45C
45c
Mar
65c
Feb
90C
84c
Jan
1.20
32
31
Jan
33%
Jan
1.43
1.53
Jan
1.70
Jan
1.40
Thurbois
Tip
Mar
20c
Feb
Toronto
15c
Mar
23 Vic
Jan
Toronto General
9c
10c
6,100
9c
Mar
11c
Feb
4C
4C
1,000
3c
Jan
47c
Mar
16 %c
.1
1 •
1.12
52c
16c
1
2.95
28,690
67%
10
18c
1.12
27%
28
12%
12%-
3.35
3.45
45c
45c
48c
54c
56c
5,800
.
Toronto
5%c Jan
56c
Towagmac Exploration
Transcontinental Resources
29c
Jan
Twin
Mar
1.16
1,767
1.12 Mar
7,000
10c
:?■
2,050
2.82
Jan
3.30
Feb
Union
4.00
200
3.45
Jan
4.25
Feb
United
29c
5,000
25c
Mar
38c
Jan
Voting trust certificates
Corp
Gold
Power
—
37c
3,800
36c
Mar
42c
Mar
33%
Jan
1.18
1.29
83c
Jan
1.67
1°.14
1.20
71c
Jan
1.60
12%
13
Feb
15
y
'
76c
57%
11%
11%
38
9% Jan
1.57
1.70
1.50 Mar
*
—
75c
57%
1
Prospectors Airways
•V
12
1
Preston .East Dome—
Purdy
45c
45c
Feb
Manitou Mines
Quebec
Queenston Gold Mines
Quemont Mining
74c
49
Mar
—
12c
13c
14
Silk
Riverside
class
7%-
common-
Class A
Rochette Gold
Merger
Rouyn
Roxana
1
;
Gold Mines
—
Royal Bank
Royallte Oil
15c
6,800
is
18%
103
17% Mar
180
46%
5%
Jan
49% Feb
8% Feb
6%c
Jan
""
"A"
50
47
•
••
—
6%
Gold
Sherritt-Gordon
*
1
•
50c
71c
57,200
6,000
8c
———1
8c
107
9
.625
8% Mar
2.40
2.45
11,108
2.25 Mar
9.50
10
1,708
-18c
—
20c
8,000
4.75
"
.V. T. C.
Sigma Mines—
—*
--
Silver Miller Mines
Class B
34c
11%
'
—
*
35%c
.
Co
24
23% Mar
26
71,100
22c
Jan
50c
•
19c
19c
20c
11,300
17c
Jan
23c
Jan
25
25%
80
23%
Jan
26
Feb
36
36
16
27
Feb
37%
38%
270
20c
Jan
14
Jan
Feb
Consolidated
Malartic
Westeel
Mines
Products
Western Grocers
—————•
;
—
•
1
♦
common
1.25 Mar
1.55
55c
,
Jan
80c
Class
Feb
36c
Jan
47c
Feb
Feb
38 '
51%
14
Jan
-7%
7%
A
•
—
(George)
T 135
;
common—
Paving
Preferred
9c
Mar
Jan
17
490
15,900
12
12%
1,625
lie
lie
■
Feb
-1.03
14%
20
34c
Jan
Mar
106
25
12c
13,200
11c
Mar
18c
Jan
16%c
18c
15,200
15c
Jan
29c
Jan
Jan
16%
Feb
Jan
99% Mar
Feb
Fel)
Standard
14%
2,362
9%
Jan
class
650
36%
Jan
44%
122
■'
122
3.95
4.10
5
117
Jan
-
129'
3.85 Mar
3,174
Ymir
■
.....likMl-*.
■.'y '
' •1
15%
16%
99%
99%
•
■
14c
215
3.15
2,660
21c
3,900
14o
4,000
16
25
13%
Starratt Olson
\
Bonds—
,
Co
1
Mar
20C
23c
15,600
19c
Jan
43c
45c
18,200
40c
Mar
25
25%
.
Preferred
'■ "
•'
i
•
j'I
*/:.;{
]s ^ V
1
»
r
3.05
Jan
3.40
Jan
Jan
20c
Jan
27c
Mar
10O
Jan
16c
Feb
Jan
.16% Feb
.*14
13
r
Canadian Funds
-
-
y>y';
;V;-■ v.:Fridays
31c
Jan
STOCKS—
y:;y;-
Jan
13%
Jan
Andian National
300
1.20 Mar
1.65
Jan
5.35
Feb
12% Mar
14%
Feb
12% Mar
13%
Feb
8.75
10 %
18%
Feb
Canada
53c
Feb
Canadian
12%
8%
Feb
Canadian
18%
Jan
Canadian
32
Jan
4.05
4.45
104,745
13%
560
12%
12%
90
9.10
9.25
.
2.06
656
'
Jan
Jan
-*
_•
12,500
;
•n.Cvi'etr;'
29 %c Mar
11%
11%
950
11%
Jan
8%
£'%
1,201
6"%
Jan
14
14
27%
28
y-v
.
.
5
305
521
r
Mar
14
>:
27% Mar
v
Mar
29
Jan
104'A Jan
106
48c
10,333
30
25
18%
285
1.08
5,800
--
63C
7,032
6%
7
310
19%
20%
95
62c
'63c
6
6
6'A
320
10%
10%
10%
50
84c
90c
6,650
17
85c
vf;;
17
275
78
yy;'::
79
85
83
83
15c
17c
2.20
2.15
2.25
■
Low
Preferred
100
&
13
High
Feb
28
:
15
57%
105
4%. ;.^1,450
79
27
Jan
48
Jan
80
15
.
<
4% Mar
77%
110
Mar
31
Feb
64
Feb
5%
Feb
88%
Jan
Feb
Sugar
*
common
•
24%
*
2%
Marconi
Vickers
•
common
f
200
16
Jan
22%
250
20%
Jan
23% Mar
24
24%
750
21
Jan
25%
18%
—
'
^
2%
2%
30
26
135
18%
Jan
Jan
32
152
500
Mar
Feb
Jan
130% Mar
3
Feb
3
40
v
3%
3
Feb
r,
no
139
Canadian Western Lumber——-—-—2
2%
1,275
30»A
139
'
100
Preferred
18%
21%
18%
5
Dominion
Industries
3%
Jan
Feb
Feb
23
Jan
48c
'
Feb
68c
54
Feb
Mar
33%
Jan
18%
Feb
97c
Jan
1.25
Jan
1.75
^
1.75
•
1.75
17%
17%
1.75
17%
*
v—
7
7
50
—*
24
.24
•
—
33
24
33%
' 205
32%
100
11%
.
100.
1,080
•
Feb
17% Mar
2.40
Jan
19%
Feb
7 r
Mar
7
Mar
24
Mar
24
Mar
Jan
37
Feb
Jan
18% Mar
Jan
17%
^
——-5
Copper
Consolidated Paper
Crown-Dominion Oil
41% Jan
30
Mar
62c
6% Jan
8
23
Feb
8
10% Mar
11
6
.
Dominion Bridge
Paper-———18%
18%
4
Dryden
Jan,
78c
Jan
19%
Disher Steel preferred-
Jan
Foothills Oil & Gas
•
2.25
2.25
Hayes Steel
*
—
25
27%
50
2.40
Feb
Mar
Jan
Mar
1.06
17%
Jan
—
22
700
235
:
,
20
48%
49%
18'A
18
18%
915
2.95
2.95
2.95
650
—*
49%
—•
Paper common
22
<
1
2,315
1.90
Jan
2.75
Feb
23
Jan
21
Mar
24%
Feb
48
Jan
55%
Jan
Jan
21
Feb
30
Feb
Jan
16% Feb
International
*
Shoe
Humberstone
V 80c
Minnesota & Ontario Paper
-
Grain
78
83c
Jan
Reliance
135
83 % Mar
89%
Jan
Southmount
Mar
21 %c
Jan
2.01 Mar
2.65
Feb
Temiskaming Mining—
Yukon Consolidated
8,120,
79
100
■'..
135
4,000
15
28
56%
4%
—,
—
Coast
30
15
—
• yyr;,
British Columbia Pulp & Pap com—•.
Brown Co common
;
1 n
4%
Bulolo Gold
15
16
Range Since January 1
High
Jan
1.36
34c
for Week
Shares;
Feb
11%
29 %c
Range
of Prices
Low
Asbestos Corp
Sales' 'V
Week*®:
Sale Price
Par
42c
11% Mar
Pend Oreille
1
Feb
25%
21% Mar
Exchange-Curb Section
•
195
.
1.04
•
•/
8,500
34c
—
.25
17c
■;*'
13% •;
-100
Jan
.
Steeloy Mining Corp
Steep Rock Iron Mines.
V,
2,590
25%
18
•
Mar
4
1—
Toronto Stock
Jan
Jan
11%
4
A
64c
23%
33c
—
Steel Co of Canada common.
Jan
'
Uchl Gold Mines 6%
Feb
27c
2,000
42 %c
Stedman Bros
Feo
$13,000
21c ;
13%c
16
■' -V.
11c
7,500
22%
21c
;
,
98%
3.05
•
—
13%
90
•
21%
—
3.10
1
.
Jan
8%C
42 V2
'
31
108
5,944
lie 13%c ;
•
Girl
Yankee
!' ^
16%
5
.
York Knitting common
Jan
4.50
10c
8%C
24,142
*
Stanley Brock A
28
Feb
Jan
7c
65c
A
Jan
I 104% Mar
14% Mar
40%
—
Radio
990
Feb
106
13%
55c
6%
30
12%c Feb
104% Mar
40
29
Feb
71c
Jan
•11c
Jan
13
Mar
.12
•
Jan
25
-
Yellorex Mines
Feb
58c
23% Mar
500
105
12%c
Jan
49c
30,870
...775
175
65c
•
Feb
39% Mar
He
99%;
•
-
Wright Hargreaves Mines
35c
36% Jan
106
1
Wool Combing
1,500
125
*
Jan
17c
100
Feb
79,600
16
common
Preferred
Winora Gold
<
Feb
11c
103
*
38%
Jan
Mar
12c
»
1
8
49c
44C
Larder
19
10c
105
6
Standard
4.95
105
1
—:
18% Mar
40c
24
,
Jan
29%
100
Winnipeg Electric
;
}
—
common——*
Mines
6% Mar
177
18%
23%
(1944)
Mines
Stadacona
4,710
1
Feb
Feb
.
Feb
Jan
23 V2
106
,
4.40
2,495 :
:
'
12%
28
•
Jan
45c
49%
20
Springer Sturgeon
Feb
42c
33
z~
'
12
22c
4.50
15
1
—
(N)
Co
Jan
Jan
Jan
23'A
40
100
Sladen; Malartic Mines
Feb
2.65
24
100
-—1
Preferred
Siscoe Gold Mines
Feb
43c
50
*
Class B-
Slater
8%
J
■Preferred
Simpson's Ltd class A
9.10
16c
12c
10
.1
13%
.-
15
5
1
*
—
.
Silverwood Dairies class A
Southam
9-25
1
*
Silknit Ltd common
•
_•
50
VI 35%c
12%
4.15
1
*
Mines
Sicks' Breweries common
Feb
Wekusko
Winchester
64c
1.30
.
Jan
21
Jan
Feb
21c
13%c Mar
$'%
__
Last
Shawinigan Water & Paper
Shawkey Mines (1945)
Shea's Winnipeg Brewery class A
Sheep Creek Gold
—
65
Feb
10%
Walker-G & W
39
■; 43c
25
33c
11%
•
48
6%
_
V
Feb
Waite-Amulet Mines, Ltd—4.55,
Mar
Wiltsey-Coghlan
105
1
Senator Rouyn Ltd
9%
Feb
1.10 Feb
'16
Feb
1.92
Weston
A.
.
15c
30c
v
Jan
12%
Feb
/
122
3.95
£'% c
20c
15c
9.50
Jan
12%
14%
560
•
21%
23 %
17
44c
100
9%
♦
——
16% Mar
24
50
St Lawrence Paper preferred—'-—100
San Antonio Gold Mhies Ltd
—1
Sand River Gold
1
Sannorm Mines
1
Class
9%
Vicour Mines
Jan
*
Saguenay Power preferred
.■'?
Mar
Mar
13% Mar
Jan
82c
St Lawrence Corp common
Jan
12'/a Feb
17c
Ventures, Ltd
1.20
65c
He
Mar
12
77c
Jan
1.14
23%
1
175
11% Mar
34
2.43
Mar
1
Ryanor Mining
Jan
11% Mar
183
3,000
1
Mar
75c
10
*
:
:
Rush Lake Gold Mines —
Russell Industries common
170
100
,
8,400
Upper Canada Mines
80c
534
—
*
Oils Co
Jan
85c
•
80c
1.50
4.8 %c
1
12
20c
»
85c
18%
Little
Robinson,
17
Jan
13%
Steel
13%
—
—
Jan
Jan
11%
80c
Oils—:
90c
36c 39%C
A—
Mar
1.40
30c
13%
Feb
•
45c
Mar
13
1.50
66c
Cotton MillsJ—.
21
Jan
57% Mar
Mar
11c
16%; 17%
—
RichmaC Gold (1936)
Robinson
17c
Feb
1.10 Mar
22o
80c
—25
80c
Robertson Mfg preferred—
*
1
B
90c
Gold
12
•
Preferred
Regcourt
175
11%
Feb
1.40
% Jan
45c
13%
Macdonald
Reeves
18
312
11%
United
West
1
10
1
1
-*
Mines
Mica
11%
11%
1
—
Mining
Corp class B
Class
y;yy':."'-v;
Purity Flour Mills common
Feb
2,040
172%
—
United
1
Premier Trust
Pressed Metals
Jan
65c
Feb
100
Premier
60c
Jan
13%
United Fuel class
36c
470
Jan
43c
Jan
__
25c
36%
45c
L510,
11%
Union Gas Co—
Feb
17c
3.95
1
1
*
12% Mar
3.65. Jan
Feb
1.31
Jan
v
Powell Rouyn common
Feb
655
13
n%
City——
.1
36
28
Jan
3.25
Jan
Jan
Feb
12
24c
*
——
71%
2.96
36c
—
Jan
2.75 Jan
26
11%
'■*"
Trusts—4—_100
Works
2.90
«
l
Jan
30
24c
•
Iron
Class A
15c
58,050
1 12
Jan
30c
250
r
21
20
'
2.85
Jan
2.25
14,000
54c
23c
2,518
Elevators—
,x
:
3,967
3,45
1
67% Mar
11c 12 %c
11'Ac
——
Porcupine Peninsula
Porcupine Reef Gold
Powell River
47 %c
67%
Mines 01 B C.
2.45
12%
*
1,729
23,500
10c
19c
9c
Paymaster Cons Mines..
Ltd common.
Pioneer Gold
4,600
27%
■»
13c
48c
Pickle Crow Gold Mines
-Jan
24c
•
;
4C
Piccadilly Porcupine
10c
2.15 Mar
*
Gold
10c
——
Mines
6%c Mar
6,066
l
Tailors
Top
Toburn
15c
Malartic
Gold
5,000
2.35
2.30
1
10c
pen-Rey Gold Mines
Mar
6%c
23c
—
25c
2.30
*
114% Mar
Feb
10
Mines
15C
——
Penman's
Perron
2.20
High
Jan
22c
Feb
31
Pandora Cadillac
Parfcec Malartic
■
■
Tombill Gold
Partanen
6tic
110
8,000
1
Tamblyn (G) common
Taylor, Pearson preferred—
Teck-Hughes Gold Mines
Thompson-Eund Mark Gold Mines
Jan
75c
-
,
86C
Mines
Low
10
27c
2.28
50o
Range Since January 1
High
24c
1
1
Gold
Shares
114% 114%
1
;
Mines
Consol
Low
—100
-
45C
Petroleum
Hershey Tubes.
Pamour Porcupine Mines Ltd
Page
Paramaaue
of Prices
Feb
1.16
Surf
Feb
60c
l
Mines—
13c
Pacalta Oils
Pacific
*820
18%
_1
Orlac Red Lake Mines
Osisko
14C
l
Gold1 Mines
orenada
18%
»
;
Sales
Week's
■
Sale Price
v
Sterling Trusts 5% preferred;
Sturgeon River Gold—
Sudbury Contact Mines
Feb
18% Mar
;
16
.
>' y
'
'
High
:
Jan
18% Mar
-
31
■••Friday
STOCKS—
Sullivan
—'
:
-
for Week
Range Since Jannary 1
High
9%C
Par
—2
MARKETS
yf,v; 'v.
for Week
of Prices
l
pfd
Loan
Orange
:
Supply
Beauty
Range
Sale Price
'
-
Sales
Last
•'
LISTED
* RANGE FOR WEEK ENDING MARCH 21
/
*
•_
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4579
Volume 165
i
15c
Mar
:
Investment
—
—
23
*
—*
„
35c
9c
1
1
21
—
y
—
23
75
35c
9c 9 Ac
255
3.500
3,000
1-25
1.25
17
2.75 Mar
3.40
Jan
20
Jan
23
23c
Jan
38c
Mar
9c
Mar
12c
Jan
1.25
Jan
1.45
Jan
Feb
1626
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 24,
:
i
OVER-THE-COUNTER MARKETS
Quotations for Friday, March
.
21
Investing Companies
Mutual
Aeronautloai Securities
6.63
„1Y4
10
4.48
4.91
Holding Corp—_
30%
American Business Shares—1
American
Standard Oil
Axe-Houghton Fund
Beneficial Corp
Blair
&
Bond
Inv
—
Boston Fund
—6
Bullock
Inv
Canadian
8.08
(.
Chemical Fund
—1
100
Delaware
Diver
15.11
Bond
6.25
17.00
2.50
6.65
7.60
1.46
Shares
Eaton
"D'1
Fund
Balanced
Fund
Fidelity
First
Boston
Mutual
1.94
2.12
Fund-
Fundamental
Investors
Fundamental
Trust
35
0
2
Inc.
38
5.56
Automobile
Avlatton
shares
8.47
Chemical
shares
Electrical
Equipment.
Food
stock
bond
6.53
8.08;
Merchandise
15%
York Stocks Ino—
American
Agriculture
Automobile
10.71
7.58
American of NewarkAmerican Re-Insurance
8.75
9.59
American
10.03
10.99
American
8.96
stock
9.82
12.42
'10.18
Mining
RR
Railroad
stock
shares—_____
mutt*
Huron
shares
5.00
5.55
4.79
6.05
70c
/
90c
Bcudder, Stevens
1.73
1
22.89
Ltd—
Group 6hares—
10.39
Group shares...
81c
■Insurance Group shares
and Bond Group shares.
Btock
95c
11.38
89c
—10
27.19
13.97
Series
if
America
B-l
Berles
B-2
Berles
B-8
Series
B-4
28.31
25.56
—
29.65
series
17.30
12.23
6.43
Pacific
48
53
149
156
.51
54
92%
12%
13%
20
21%
30%
33
18
20
45%
473/4
7%
7.04
2nd
preferred
88c
Hartford
23.32
6.45
Seaboard
'
Fire
9
88
27%
28%
U S
25
27
102%
37
40
10.18
Bid
1
6%
3u
24%
69
•/ 72
51%
:
,
53%
..10
28%
30%
Marine—..28
Fire &
106 /
110%
Accident...-.,..U—.10
Travelers
•.
100
29: /
31%
585
600
Fidelity & Guaranty Co..2
43%
4
49%
52%
74
80
35
37%
—
U 8 Guarantee—
10
Westchester Fire
2.80
•
45%
22.74
17.84
19.47
Unit Type Trusts—
Trustee Shares—
D ——:
Independence Trust Shasta
North
Amer
27 %
10
Brooklyn Trust
100
Central Hanover Bank & Trust 20
National
Bank
15
Chemical Bank & Trust
Commercial National Bank &
Trust
Co
Continental
Bank
10
20
& Trust—10
Exchange Bank & Trust_20
Trust
345
360
,41%
118
Series 1955
6.75
2.51
U
6
2.82
——I
102
377/a
Guaranty Trust
Irving Trust
Manufactqrers
17
18%
Fiduciary Trust
10
%
58 %
V
24
89
38
94
100 1,500
41
1,560
Bid
175
200
185
281
16
103
'
17
—25
20
Inc__I -100
.12 y2
New York Trust
—25
Public Nat'l Bank &
Trust -17%
Sterling National
—25
Title Guarantee &
Trust- —12
United States Trust—100
49
52%
102
102%
104
104 %
Power
Y State
2%s
1975
El &
Philadelphia El
Philadelphia El
52
100
—
104%
—
105%
98
100
N
Ohio
103%
103%
102 %
103 V
103
102
102%
1981
103%
Pow 2%s__1975
1037/8
101%
102
39%
1%S Oct
1,
1950-1948
100.8
May
1, 1952-1950
1 %s Jan. 1, 1953-1951
2V«S Feb. 1, 1955-1953
99.16
100.12
l%s
Apr.
15,
Banks—
1948
-
100.2
14%
United States
685
are
103.14
Other
Overland
Apr. 10,
b0.375
18
1947
1%%
SSept. 15, 1948
100.12
1%%
1q47
100.11
100.7
100.8
1%%
or
more
100.3
100.26
.1861
126
$3.75
96
107
103%
105
102%-
•
4%%
97%
105%
103%
.*
56%
57%
at
purchase
.
•
0.28%
0.33%
b0.375
0.33%
b0.375
bO.375
0.33%
b0.375
b0.375
May 15, 1947—.
May 22, 1947-.
May 29, 1947.-.
Ask
b0.375
0.35%
b0.375
0.35%
0.35%
b0.375
0.35%
bO.375
0.35%
12,-1947..
b0.375
0.35%
19,
b0.375
June
5,
0.34%
June
0 34%
June
1947—.
1947-
0.35%
127%
32ds of
a
a
of
point
t%s Oct. 1, 1947
47/bs nov. 1, 1947
t%s Dec. 1, 1947
t%s Jan. 1, 1948
t7/es Feb. 1. 1948
t7/«s Mar. 1. 1948
f/es Apr. 1, 1918 Wi
.0391
.0501
.0408.
.0480
.0489
.0577
.0478
.0582
.0498
.0619
.0431
.0411
,
.0568
.0565
.0461
.0632
.0507
.0693
.0347
.0525
to
Odd lot sale
1
.
'•
,
(not-included in
I*
1(
1
year's range),
b Bid yield price.
cHein Werner Motor; Parts!
changed to Hein Werner Corp. and
outstanding stock split 2-for-l payable to holders
record March 3, 1947. «•
Authorized $3 par common
stock
Corp.
Maturity—
Dollar Price 100
Plus
Certificates of Indebtedness—
Bid
Ask
April 1, 1947
.0115
.0170
*%s June L 1947
.0365
.0441
t'/as
July 1, 1947
t7/sS Aug. 1, 1947
t7/„s Sept. 1, 1947
»
103%
,
———
100.25
102%
Bid
17, 1947Apr. 24, 1947May 1, 1947
May 8, 1947
Ask
discount
-'■*
•
15
98%
102%
Ask
b0.375
1947
Apr.
Quotations For U. S. Treasury Notes
Maturity—
98%
101%
lesuee
Panama Canal 8s
Figures after decimal
point represent one
Int. Rate
Bid
Ask
109%
3%%—100
3.90%— 100
Treasury Bills
lvt
•"••'■•
Bid
27, 1947.
Apr. 3, 1947
100.6
103.10
Willys
(Call
103
75
13%
655
100
Oil
102
101%
42%
71
Bid
99.20
Union
101%
102%
1003/4
95%
40%
Obligations Of Government Agencies
Home Loan
& Gas
Service
/
102%
41%
•
Mar.
Federal
El
Public
103
103%
101 %
250
Rates quoted
•;•'•
1.
i
Ask
State
102%
102%
108
Pennsylvania Electric 3.70%_100
Public Serv
(Ind) 3.50%
100
Ruppert (Jacob) 4%%
100
Scranton Spg Brook
4.10%—100
'-'•■
Bid
Monongahela Power 4.40%—100
105%
106%
Y
'Ask
102 3/4
V
Par
105
Treasury bills-
Federal Land Bank Bonds—
Preferred Stocks—
.
106
102%
Co 23/4s
54%
;
244
92%
1976
102
6cranton-Spg Brook 2%s_ 1976
Sioux City Gas & El
2%s
1975
Tenn Gas & Transm
2%s_1966
Texas Power &
Light 2%s_1975
Utah Pow «fe Lt
2%s
1970
100%
Gas 23/4s__1977
Ohio Public Service
2%s
1976
Pennsylvania Electric 2%s
1976
290
Portland Gas & Coke
3ysS_1976
Public Serv (Okla) 2%s
1975
105
Montana
1,780
Co
102 \i-
100%
104%
N
-100 1,740
Trust
2%S—l—1976
Bid
90
1053/4
_1976
Kans Okla & Gulf
Ry 3%s_1980
Laclede Gas Lt 3%s
1965
Monongahela Power 3s
1975
Ask
-100
Morgan (J P) & Co
National City Bank
Electric
Atfk
89
105%
Firestone Tire & Rub
2%s_.1972
Gatineau Power 3s
1970
2%s
1961
Illinois Power Co 2y«s
1976
II —10
Kings County Trust
Lawyers Trust
4314
22
a
—100
_
Paso
Security Issues
-
Iowa Pub Serv 2%s
Kansas City P 0s L 2%s
-100
Grace National
1960
1976
El
22'/a
Par
Trust
43
56
Bid
Calif Elec Power 3s
'2.90
Shares A
41 %
50
Bonda—
American Airlines 3s
3.37
1
El Lt & Pwr
Fulton
Recent
7.70
•
Series 1956
41
10
Bank
/ 43 %
123
99'
357/a
Federation Bank & Trust
National
J.M
Trust* shares-
Ask
253A
Bankers Trust
tftepi
tSept
'.
22%
9.02
20.80
City Banks & Trust Cos.
the Manhattan Co.—10
of New York
100
1%»
-5\
27
12%
U S Fire
98%
•
'
""
Par
-
7%
36
10
7.06
8.25
54
93
34
Surety—.——— ..10-
Standard
24
Hartford SteamboUer Inspect..l0
/;
5%
10
Becurlty New Haven
Springfield
10
/
89
—2
Fire
8t Paul Fire & Marine
\0
79c
21.02
tPaul)
.8
American
Hanover
Great
22.61
Revere
15
84C
51:
10
Reinsurance Corp (NY)
Republic
(Texas)
96%
-8
<
84 *
105
;
..8
Corp.. -10
Gibraltar Fire &
Marine— 10
Glens Falls Fire——
-8
Globe & Republic
.8
Globe & Rutgers Fire
com— 15
79
10
Providence-Washington
7%
101
——8
j-'
24%
0%"
10
Phoenix
Preierred Accident
.10
23
•
-28
Indemnity Co
30%
70
—
;"J 13
,
28%
27
48
-11%
12.50
67
Franklin Fire
General Reinsurance
50.00
,19.22
Northern
.10
Fireman's Fd of San Fran.
Firemen's of Newark—
25
45%
6
Pacific Fire.—..———
MA— .20
of
10
28%
10
2.60
.10
Deposit
76c
C
,Diversified
18,97
9.27
Bank of
Empire
34
6%
26%
————8
:10
Fidelity &
2
River
Northeastern
52
165
'
53%
31
10
Employees Group
Employers Reinsurance
47.00
A
Wellington Fund
27.98
New York
First
1
10c
Fund
104.01
11.30
Union Common Stock Fund
B—.
Union Preferred Stock Fund
29.53
13.65
Co
Keystone Oustr'tpo Funds-
Corn
50 %
—B
Crum & Forster Inc
North
49
155
15.07
Management Fund Inc.l
Chase
70
6%
29%
If- 5%
20
Amsterdam Casualty
31%
'27%
-
2
Fire—
80%
53/4
1.05
13.76
iBvestment
Bank
20
—
2%
Utilities
Bond
3%
101.95
24.62
Union
Berles
Invest
2%
•
Corp—
8hares__..25o
1.69
Incorporated investors
Securities
3.76
State Street Investment
Trusteed Industry
10c
Aviation
16.41
3.43
& Clark
Fund, Inc
Standard
30
15.26
10c
Sovereign Investors
■
Inc
Common
11.97
20
Selected Amer Shares
1
Fund
6.03
8.67
1
jchoellkopf Hutton and
; Pomeroy
4.91
5.57
18
73
8.88
1
Fund
4.41
-
Foundation
Institutional
Trading
(Geo)
5.11
Holding Corp-,
Bank
5.50
7.91
Republic Invest Fund
233/4
-
22%
29 V2
10
Union
-13
54%
-
(Detroit) —10
New Brunswick
New Hampshire I Ire
New York Fire
66%
22 %
Fire Assn of Phil a
4.52
ihares
Income
Putnam
62%
Fire
6.95
10.92
—
.
8.90
13.24-
6.34
;/ 8.10
—
shares
Tobacco
Connecticut General Life
Continental Casualty
New
79
-10
City of New York
11.84
.
7.08
74
11%
52%
8
A
Liberty
National
—10
10.56
Casualty
: National
^
6%
0
9.64
Railroad equipment
5.59
39
f
5%
10
Camden
8.12
Petroleum
36
9.00
10.35
7.60
4.60
10
8.21
;
Tobacco
'
National Fire
Boston
12.08
2.89
54%
12.91
Public"Utnity"——-ImillIII
K, 9.55
2.65
Equipment shares
Steel
.
shares———
52%
10.80
6.52
shares
Bond
National
25
9.44
5.15
shares
Petroleum
Railroad
Surety
20%
12.68
•
8.81
—.
183/4
11.78
Metals
7.95
10
Automobile
40
12Vk '76
Merchant Fire Assur—
Merch & Mfrs Fire N Y
Reserve
Baltimore American——^—2%
Bankers & Shippers—.
—28
stock
Railroad
30
; T'
-
95%
SO
21%
Massacnusetts Bonding
20%:
10
-11.57
Steel
12
N Y—
Convertible preferred
17%
13.61
9.29
12%
18%
of
Maryland Casualty common—1
V'; Prior preferred.
35
10%
16
—
Jersey Insurance
28
-2%
27%
Fire
Insur Co of North
America—10
■21%
r
15%
Fidelity & Casualty_fl
9.77
6.92
Aviation
Homestead
77 •?'
•
10%
6-
Ask
Home
54%
,44%
•
32%
..i
7.01
shares
74.
4
'
Price Shares
Low
-30
Agricultural
16.26
7.49
36
Companies
85' ~
.
8.80
15.16
10.38.
7.33 "
42%
10
8.76
6.90
9.89
.
51%
-10
Life-
•
—0
6.04
Machinery shares-
;
,
13%
38
Ask
81
Casualty—
American Equitable
8.25
Institutional bond shares
4.42
Bid
—10
—10
Aetna
3.91
—
Industrial
Surety.
Aetna
7.68
7.96
Machinery
Merchandising
7.61
—
7.29
6.99
Electrical equipment—.—.—.
shares—
shares
Aetna Casual *
Automobile
Insurance
5.56
Administered
Par
Alliance—
7.33
65
.11%
90%
Insurance
7.79
5.27
American
10.73
•Preferred
;
14.96
series—.
Diversified Investment Fund
Diversified Speculative
9.90
earn.
15.23
American
Bank
61
:—IOC
Rio -Grande
8.73
4.77
Building supply
Business
Equipment
—
shares.
Fuii>
General
'%
88%
58
ds
11.99
*
7.10
7.06
6.76
——
1993
10.81
series
6.40
;
-
10.00
9.18
5.90
—
56
American
New
preferred
32
27.57
;
13.93
Corp-
7.72
6.51
shares
.
Building shares
>.'/•
3018
—
1st 3-4s income4—
*
13.94
6.06
7.12
—
/
7.97
25.50
Cl.emlcal
shares
4%s
4.38
Group Securities—
Agricultural
Income
0%
Denver
6.15
45.71
5.65,
>'■
!:
"85
29
:,
4.07
6.59
General Investors Trust
v
t
3.65
15.21
42.51
•81 .u;;
—i——-————•
48.Q0
•>11.00
.10
2019
Grande—
5.54
'
5.72
Capital Corp
1.
4%s
.
Rio
&
Common
107
Ask
;
Chicago Rock Island & Paclflo—
3.94
6.17
13.70
Bhares
•
,
,
"
_
47.04
Income
Denver
h Stocks
Ask
-v-I*
104 v
Btock series
New England Fund
25.42
-10
Trust
General
23.61
•\
—1994
Selected series
Speculative series
15.93
Inc.
Corp.
First
1st 4a—_—
Cony
Bid
h
Securities—
Industrial
26.19
14.90
_•
Inc
Industrial Fund,
Financial
24.50
1
—
101.33
Low priced bond series
Low priced stock
common——
Preferred stock scries
1.60
1
Fund
Stock
..
series
Income
Howard-
&
/-'i-/
National Security Series-
20c
Shs
Fund
Balanced shares
National Investors
154
15.72
Dividend
5.94
Nation-Wide
3,030
5.75
Fund
Trustee
8.Q5
13.97
149
1
Commonwealth Invest
5.20
5.36
'■
—
12.94
4.69
Bends
Chicago Rock Island Sc Pacific—
>
15.66
11.77
Investors 2d Fund..
Mutual Invest Fund Ino.
31.64
Securities com—100 2,930
Preferred
14.25
8-3
Mass
:
4.35
29.*3
28.63
S-4
19,36
.
23.62
S-2
18.63
21.95
17.23
Ltd—
Century Shares Trust,
Christiana
21.52
Loomis Sayles Mutual Fund—*
Loom is Saylea Second
Fund—10
Manhattan Bond Fund Ino—
-Common
10c
Mass Investors; Trust
1
6 Va
4%
\ 20.30
(When, at and If Issued)
■V
20.54
26.07
Knickerbocker
1Q4.28
17.67
Fund
18.72
Berles
-
17.12
5%
Ask
Series
8%
4
Ltd
Fund
K-A
7.47
*
.100.11"
Inc
Berles
Berles
1
Broad Street Invest Co Ine
K-l
9.46
,■
15.75
America
Bid
Series S-l
—1
of
Tr
Series
4.38
B
Co
*
\ 8.72
V 7%
shares-
Axe-Haughton Fund Inc
Par
Keystont Custodian Funds (Confc.)
)
32 %
4.00
Foreign Investlng_10c
Associated
Reorganization Rails
Ask
6.03
„
.
Affiliated Fund Inc—,
Amerex
Bid
l
Par
Funds—
name
at
400,000 shares,
,
price,
k Removed
dividend.
*No
dividend.
(Un)
par
Stock
Unlisted
value,
r>
dDeferred delivery sales
to
tin
Exchange.
issue.
wdWhen
default.
fThese
r
(not included
Cash
sales
delivered.
bonds
are
(not
in
included
wiWhen
subject to
_
1
same
time
increased from
year's range),
in
issued,
all
e
year's
x
range),
Ex-dividend,
Federal
'•'"••
200,000
Ex-interest,
taxes.
'•>•
f Flat
t Ex-stock
y Ex-rights/
([Ex-liquidating
'
1
!
;
*
•'1
r
,
/
1627
TO COMMERCIAL 4 FINANCIAL CHRONICLE
Number, 4-579
165
Volume
Week Ended March 15
THE COURSE OF BANK CLEARINGS
weet
clearings;.. thi^.
Bank
show
increase qompar.ed with
an
:
a year aeo.
Bethlehem
V
Philadelphia
.
follows; *
for the week
summary
-
.'-AtT:'•
'
k
York
590,937,270
;
467,743,387
(U cities)
*
Federal
Fourth
+ 17.4
+
33.3
225,544,152
+
19.1-
j
218,100,000
+ 31.8
338,031,000
/
.j
—
299,216,000
+
13.0;
-j> 215,955,755
+
Ua,i04J19 /
(7 cities),
1,996,972,550
+
15.8
$11,820,203,835 $10,885(,845,456
+
8.6
2,196,220,300
+
<2,;312;508,8J.0'
days
if: 2(364^040(7^7
qities, .qqe
,
.
West
7,6
Maryland—Baltimore
fpregping vyill appear
w^ek covered, by t^e
the week
19Q,236,944
—
,66,892,128
Columbia—Washington.
to press.
allestimated.
present sfurther below,'
1
able ta give
-finsd^d.-cpmplete'Aresrdt^ of the week previous—the week,
f^ded March 15v For that week there was/ an increase, ot 4,3%, the aggregate, of
| .clearings for the wbQlp country having amounted, to $13^346,661,303 against, 12,7)92,-%;
.701,186 in>thei;same weeH ia 1Q46. Outside of thia city there was a gain; pf 15.6%,.
l/thp? bapk clearings ajk this,; center having recorded a. loss of; 44%.. We group the
f ^itips according to the Federal Reserve Districts in which they are located and from
{/ibis it appears: Ibgt/ ip the New York, District (including thi$ cjty). tbe tptals show
fa decrease of 3:5%; but inf the Boston Reserve^district the, totals show an increase,
fO01.7% andin,the-Fhiladelphia Reserve District of; 13.8%. ;In.tb^Qleveiand HcseryO:
f>I$ftrict the t#t$ls;; second % gain of l§.7.%dvin the, Hichmbnd;Reserye District of 7.6%
| 'and in' the Atlanta Reserve District of 13.6% , %In the Chicago Reserve^ District^ the
totals register an*improvement of 22.0%, in the St. Louis l^eserye. Distriqt pf 11.5%
f apd iii( the Minneapolis, Reserve District of 29.6*%. The J^ansas City Reserve District
|!h^s managed to enlarge its,totals,by 22,0%, the, Dallas Reserve; Disixict by 14.7,% and.
226,200,000
-w—
4,516,348
3,553,525
81,934,061
Augusta
■
.
,
*
Reserve Districts;
15 the San Francisco Reserve District by 17.1%.
If flrv the following we furnish a summary by federal
Boston
Philadelphia
U J >«•
11
"
2d
3d
i
.891,906,4,79
Aid), Rlc>hiyori(4v
f 'L
I;
—.—
8th St. Louis
9th Minneapolis
—
+15.7
+
7,6
316,936,074
521,245,764-
+
13.6
445,478,952
938,698,652
769,613,756
+
22.0
706,921,738
383,017,913
+
11.3'
356,713,487
426,121,779
263,018,519
+
29.6
219.945.469
22.0
322.011.470
544,804,812
517,432,869
442,2^1,114,
6
/•/
^dd our
We now
567.246,792
+
5,554,144,987
+
Clearings a.t—
*
210,948,610/
5,189,756,025
; •
-
■
r
,»«' /
•
-i • •
c
Maine—Bangor
District—Boston
• .V
•' .•• •
...
$
1,691,392
.
—^
431,427,032
Massachuse tts—Bcs to n
+
648,123
■
.
822,466
'363,098,107
1,395,283
1,012,708
4.3
463,598
Worcwstei;
-
1,481,898
+
22,0..
5,204,877,.
+
0.9
22,696,897/
—,—.—_
18,134,222
*
—
+
7,919,006 •
9,810,453
i
23.9
6,513,644
New
•
-
1,000,053
13.5.
+
17,790,600
f 955,811 f
Elmirn.
j.
46.0
+
1,7
10,218,516
+
239.6
2,447,823
2,149,276
+
13.9
+
22.5 V-/7 75,817,000
71,558,000
64,422,197/
+
24.6
1,430,684
1,521,568
.
—
V
l5iv
78,900,787
1,547,768
r
.
New
__
6,922,052,007
;
+
•
4.4v
'
.
7
;
1,201,244
7-.
.
+
13.4,
12.7
6,597,200,703
29.1:
12,789,622
>
9,045,129
8,022,971
7,691,360
689,556 j
49,907,353
*
32,984,958
43,912,106,
+
1.3
—
+
13.5.
+13.7,
7,169,159,200
7,429,581,359,
3.5
i\7-7:/7
1,418,412
.->77
14,576,583
+
9,930,314
-
6,209,741
6,327,680,407
9,449,067..
—
Total (12 cities >
;,y/.
1.823,767,,■:i;1,612,352
16,651,222 *
7' — ■"—"37,432,764""'
•
420,077,093.
6.662.6Q7
.,
36.0
7,238,616,199
680,498
Jersey—Montclair
Northern. New Jersey
~
..
18,876,184
Connecticut—Stamford
Newark'
1,241,937-
__
7.
.
45Q,947,182j.
10,650,905
Rochester
Syracuse
New
:7'.
—
York
19.4
26.4
12,599,553
42,263,662
153,900.000
2,717,659
2,155,329
55,678,123
60,703,153
+
13.9
+
6.9
+ 19.9
4,759,395
206,852
588,768
681,382
516,415
554,701,725
2,198,483
7,171,211
2,612,442
2,174,634
513,931,289
1,880,503
5,705,654
2,838,156
1,955,175
706,921,738
+22.0
7,672,291
5,964,084
4,075,396
3,501,746
33,187,000
/
4,374,872
7.389,508
38,347,238
2,175,739
14,799,653
8,503,042
649,850,762
6,341,601
4,145,796
3,718,546
33,794,000
3,844,330
12,157,076
46,145,088
2,5r/6,935
16,469,783
V
632,939
14.0
220,900,000
83,331,168
51,196,076
+ 33.0
1,286,243
207,800,000
77,092,198
47,380,926
1,266,000
383,017,918/ +11.3
356,713,487
333,539,124
4,360,054
149,589,110
+
5.8
+
21.5
+
Tenth Federal
Reserve
■
30.0
+
30.4
Wichita
City
Joseph
Colorado—Colorado Springs
Pueblo
1
+21.0.
2,462,513
2,523,865
6,319,039
+
36.6
1,785,789
3,535,811
1,601,137
+
21.5
+
19.4
1,685,555
5,222,200
1,325,667
4,132,610
+29.6
219,945,469
210,948,610
263,018,519
257,355
364,167
5,481,797
89,934,996
4,624,877
7,893,543
244,043,145
6,763,970
1,628.963
1,602,811
.
2,090,708
1,471,199
—
362,595,624
442,291,114
*
cities)
53,472,746.
3,830,015
4,586,203
140,097,241
55,669,941
4,499,609
377,075
512,945
7,634,368
122,473,041
5,736,347
10,586,008
281,196,800
10,212,623
i——
—
Total (10
24.7
+
District—Kansas City-
1
Lincoln
Missouri—Kansas
+
59,631,200
340,879,347
Nebraska—Fremont
St.
4,619,295
182,962,998
Eleventh Federal Reserve
District—Dallas-
—
235,163,890
—
,
Dallas
Fort Worth
—
"
Galveston
Louisiana—Shreveport
5,982,518
167,338,000
17,402,553
4,127,000
2,567,780,
7,591,886
6,622,695
190,710,000
21,252,868
4,698,000
2,614,573
9,265,754
—
Texas—Austin
205,009,737
\A
2,029,231-7 •'>>:" 1,491,965
Jamestown
'
656,083
„
34,703,566
\
Buffalo
Montana—Billings
Wichita Falls
■
+
i/'":
513,553,878
York—Albany
Binghamton
Dakota—Aberdeen...—
'
Reserve-District—New York-
Federal
—C':
South.
5,889,324
18,478,600
v<rrV^v''v^
Second
+
166,400,000
2,805,587
2,319,865
+ 24.0
220,700,000
96,020.754
64,985,666
1,311,498
5,762,399
237,917,402
77,782,725
5,443,130
3,364,124
3,066,758
7,542,809
3,096,064
504,735,280
f. .1,459*737
Tota^ciz'cities^-.
287,549,751
15,247,699
38,284,390
+
District—Minneapolis—
Dakota—Fargo
17,586,293>
f 20,443,077,
25.2
+
22,669,500
25,739,400
Hampshire—Manchester,
Federal Reserve
Minneapolis
4,612,532
4,959,509
3,869,755
>5,005,943
Islahd—Providence—
Rhode
New
0.4
5,887,232
-
Haven
New
1
1,881,740
7,184,916
Connecticut—Hartford
426,121,779
North
584,794
1,873,822
8pringfieid
.
+ 46.5
204,266
176,480
40.9
357,732
260,228
+ 39.3
4,231,690
81,362,375
2,876,238
8,524,570
8.2
4,691,228
82,338,296
3,118,646
8,882,968
213,428,696
^ 6,541,996
1,413,773
1,061,655
+22.0
322,011,470
+ 10.7
+
36.2
+
+ 24.0
34.1
+
j-15.2
+51.0
+ 28.4
—
209,973,948
6,588,663
1,468,621
942,470
317,433,069
1,377,428
Bedford
New
1,743,674
Omaha
3,353,847
5.5
+
1,689,132
675,763
—
Ninth
%
388,183,695
0,7
,434,437,275/
1,781,694
,
Fall River
74,073,164'
Mlnnesota-HDuluth
3,550,694
1.0
—
4,250,279
4,206,829
233,600,000
116,704,941
(4 cities)
Total
,
603,797
;
34.3.
+
3.2
District—St* Louis—
Kansas—Topeka
1,259,209
26.8
+
769,613,756
Louis
Kentucky—Louisville
Tennessee—Memphis
Illinois—Quincy
!
1944
1945
-
;
Eighth Federal Reserve
March 15
.
•
■■■ ■■
Hastings
i—
Federal Reserve
First
- -
Total (7 cities)
each- city, for the
Dec. %
+
13,566,401
51,786,66-4
189,400,000
3,573,522
2,865,144
71,986,659
79,661,911
5,466,007
938,698,652
; /
If.
4,871,550,794
Inc. or
/':1946
;
5
316,936,074
1,375,381 —17.3
+ 17.3
8,288,791
+ 18.2
4,510,132
+ 47.1
3,643,570
+ 18.2
40,956,000
+ 25.6
3,969,399
+
3.8
12,696,624
46,151,823 /*»+ 29.9
+ 16.1
3,446,981
+ 32.1
19,683,750
+ 53.8
9,890,920
+ 39.8
796,401
+ 20.2
598,695,248
+ 22.4
2,323,264
+ 44.6
7,430,996
+ 28.7 ■
3,435,371
+ 186.3
2,519,105
Missouri—St.
333,539,121
f
11,468,751,497
Week Ended
7.6
649,850,762
11,517,436,432
showing the figures for
1947
ff
:
15.6
12,792(761,186
detailed statement
years;
,
4.3
+
March 15 for four
week ended
17.1
6,420,609,296
York City
Outside New
+14.7-
13,346,661,303
—112 cities.
TottU..—
+
205,009,737
$64,361,538
10f
fl2ths^ Francisco
362,595,624
235,163,890
+
1,137,794
9,726,547
5,329,846
5,359,296
48,413,00(1.
4,985,845,
13,175,351
59,961,735;
4,000,385
♦26,000,000
15,207,731
1,113,021
719,353,445
2,844,404
10,455,496
4,422,698
7,212,058
Moines—
152,999,739
7,
2,756,200
172,129,050
50,275,080
427,641,971
Decatur
317,433,069
167,293,451
340,879,347
'
—
682,378,027
; ; 287^49,751
f 427,641,971
347,115,994
I; 10th, Iffansa^ :,pityr^--—— 10,
11th Dallas
689,145,529
.
656,139,42?
17
4
—
6,779,754,953
373,358i0?0
10
6th Atlanta
I ft 7th Chicago
9.5
445,478,952
Chicago.
f420,077,093
'
708,754,152
;
$
-
13.8
6,526,703,243
750,926,402
592,182,513/
7
j
3.5
+
6.3
+
+13.6
Springfield
1758,984,89.3-
■
•
|. 4 th Clevel&fld,
7,429;E8!>359.
783,441,021
7,169,159,200
.
4.':<
450,947,182
—
14.5
+
1944
1.7
+
504,735,280.
513,553,878
12 cities
7.7
+
Distrlet—Chicago—
Reserve
-
+
521,245,764
Sioux City
Illinois—Bloomington
;
,
7,043,000
83,235,619
•
+15.5
92,002,903
Total (17 cities).
Dec. %
*
District# ■;
!
'If
1947,
March 15—
Des
.1,529,100
6,194,000
76,043,986
2,615,428
160,617,947
40,549,290
1,497,125
11.2
+
592,182,513
—
■■,
682,378,027
10.3
Wisconsin—Milwaukee
Iowa—Cedar Rapids
Rochfordf
1945
%
Inc. or
1946
-
708,754,152
+
South Bend—
Haute
+15.7
2,542,817
102,639,528
'.Lansing —
Indiana—Fort Wayne
Terre
4,657,761
294,168,624
92,658,245
Peoria
CLEARINGS
SUMMARY OF BANK
(10 Cities)
Indianapolis
3.5
37.9
Michigan—Ann Arbor—.
Grand Rapids..—
;
+
•
113,181,037
Louisiana—New, Orieans________
Federal
32.4
30.4
+ 21.9
+
6,554,289 v
Mississippi—Vicksburg
8eventh
23.7
+
+
299,928
85,128,100
Mobile
Total
+
4,073,155
117,868,777
244,579,118
19,130,000
2,295,978
3,976,592
290,454,407
11.8
413,529
_.
Alabama—Birmingham
J
1st
689,145,529
.60,602,529
62,614,784
4,905,383
295,812
Macon
Florida—Jacksonville
we.are
federal. Reserve
4,4~72~700
4,833,965
124,939,707
257,738,778
19,872,400"
+ 35.4
+
347,115,994
37,193,910
53,447,714
Nashville
'
Week Ended
1,999,427
672,000,000
1,644,960
3,618,461
1,601,962
1,846,083
750,926,402
.•
District—Atlanta-
Tennessee—Knoxvllle
Georgia—Atlanta
2,058,649
8,724,000
93,333,861
2,903,539
178,982,459
61,113,486
373,358,020
,
Federal Reserve
Sixth
656,139,422
3,323,714
Total (6 oWes)-,,
ex.^ct detail^.; for the
4,775,063
143,773,861
223,758.326
22,995,600
3,053,682
4,898,405
252,884,485
100,541,528
South Carolina—Charleston
fin- our;issue of, n£xt; week.capnot ftirnish ihem today, ip as,vmuch, as
j ends Saturday suadv the Saturday figures are not available at i time of; going
|^ Accor^ngiy^ip^^abQye; t]hei last/day of the week inf y. In j the elaborate detailed^ statemen t, however, which we
-
+13.8
,2»289,706
10,074,000
Virginia-—Huntington :
Virginia—Norfolk
District of
Complete
783,441,021
*-V
'
f
$13,082,065,7567,+ 8,4
$14,184,244,602
week
Total all cities for
+ 57.1
571,031
511,698
879,207
.
r.jt']f;
' "f-f;.- V *•' :-'vy' '£;■£
Federal. Reserve District—Richmond•
Richmond
All
128.4
+ 21.6
758.934,893
Total
7.0
i Other cities, live days^.—
■
.
+ 12.9
2,122,989
.
Pennsylvania—Pittsburgh
185.224,000, ,+ 13*0/
+
dapfj-^/v./j..-..- ■■;
Total all cities, five
+ 12.1
4,205,384
6,487,085
261,681,093
Youngstown
+ 22.1
'207,079,575.
$9,507,694,965.- $8,888,872,906
-
-
+ 24.5
6,344,084
160,768,981
291,779,340
28,023,000
3,778,583
Mansfield
252it30,^8b
f ;:
___
;
i
2,429,916
726,000,000
1,913,939
3,534,414
1,867,003
2,276,858,
6,916,324,
/ 3,905,600
«
13.1
+
-
.
866,006
+
6,466,811
Fifth
£ Cleveland—-—-
///•(Tencities, five
2,620,432
4,313,991
2,117,492
8.6
%
-
Francisco—-;
District—Cleveland—
Reserve
Columbus
485,121,689
City.
•
San
-.891,906,479
Cleveland
:
237,560,000
./
364,051,451
268.751.487j ;
St, Louis-
.
Cincinnati
:
Kansas
...
Ohio—Canton.
234,447,90.5
Boston
:
+ 21.8
6,606,201,
Jersey—Trenton
+ 26.3
654,000,000
v
,.•*768,000,000
Philadelphia^.
j
+
$6,081,958.,586
$6,106,569,915
.
Chicago
„
+ 29.9
489,610
/. /
:•
Week Ended March 22—
4,
-New
.
York
Delaware—Wilmington
Total
815,336
2,577,025
757,000,000
3,262,042
Wilkes-Barre
••//''f-':'
+ 74.7
r V 4,335,723
2,390,510
4,848,999
7,712,325
Scranton
l^ew
777.'7
%
1946
1947'
Ik ,..SJ
0.4
Clearings—Returns by< Telegraph
856,000,000,
„
Reading
y
,
+ 44.5
466,141'
1,058,984.
3,137,552
Chester
$
726,726
858,147
814,131
—_—
Lancaster
.
!/
1,240,012
Pennsylvania—Aitoona
by us, based upon telegraphic advices from the chief
tb^^fQK tjhe week ended Saturday. March 22, clearings
for all cities of the United States from which it is possible to obtain weekly clearings
will be 8.4%, above those for the corresponding week last year. , Our preliminary
total stands
??13,082,065,7^6 in tbe same, week M 1946.
M this .center-there* is a gain: % th$ week ended Friday of 8.4%. Our comparative
Preliminary figures, compiled
cities of the country,, indicate
1944
$
Dec. %
$ 4
"f f
♦
Distrlet—Philadelphia
Federal Reserve
Third
*
-
: 1945
Inc. or
1946
194?:
8,966,857
-
/
523,297
48,061,092 :
Twelfth
Federal Reserve
Washington—Seattle
Oregon—Portland f
Utah—Salt Lake City
California—Long
510,744
7
— .
—
—
."Pasadena
San
•" San
Francisco
—
—_... ■
Total (10
cities)
(12 cities)
42,493,060
Outside New
York
♦Estimated.
—
—
96,296,113
45>565,119
9,764,484
8,351,151
384,324,570
• -
./
Santa Barbara
Stockton
"
—
Jose
Grand Total
6,779,754,953
4,108,209
:
Beach—
8,363,47-;
3,213,180
5,947,292
3,889,665
7,074,890
567,246,792
664,361,538:
12*792,761,186
5,554,144,987
13,346,661,303
6,420,609,296
•' v./•••,/ '■ '
1.8
22.0
+14.7
167,293,451
14.0
22.1
.
13.8
+
+
18.2
90,485,976
+
10.6
+
79,896,748
3,713,143
79,619,620
36,934,158
9,232,331
6,858,151
333,468,69°
94,423,193
—1~-
Yakima
28,427,580
>
District—San Francisco-
7,046,314
cv
31,858,462
6,526,703,243
cities)
Total (6
+
+
3,341,902
136,086,000
16,659,885
3,095,000
1,929,254
6,181,410
+
+
20.9
23.4
3,046,401
78,906,740
31,974.913
11,114,848
5,403,869
309,479,000
+
+
21.8
+
15.3
+
.
5.8
+
26.3
+
21.1
6,784.037
2,109,233
5,499,795
+17.1
544,804,812
+
4.3
+
15.6
11.517.436,432
5,189,756,025
4,104,056
124,543,000
13,981,716
3,266,000
1,406,642
5,698,325
152,999.739
84,263,334
2,308,91*
74,402,768
28,554,728
12,458,983
4,248,269
299,952,000
4,641,522
1,800,575
4,801,771
/
517,432,869
-
*■/
11,468,751.497
4,871,550,794
v
J
i
■■
■■1
V
■
CHRONICLfe
THE COMMERCIAL & FINANCIAL
Monday, March 24, 1947
Foreign Exchange Rates
Pursuant to the requirements of Section 522 of the Tariff Act
t
American
of 1930, the Federal Reserve Bank is
now
cer¬
We give below £ record for
foreign
exchange
rates
by
MARCH
federal
14,
1947
TO
reserve
MARCH
bank
to
under
tariff
act
1930
of
Dominican
-
Ndon Buying Rate for Cable Transfers In New York
Value In United States
Mar. 14
'
Argentina, peso—
v--.
Official
$
.297733*
Free
Belgian, franc
Brazil, cruzeiro
f;
:'v'7iy77't7T>^
.297733*
.297733*
u
.251247*
3.209120
3.209120
3.209120
3.209120
; .022833
.022833
.022832
.022829
,022830
.022836
.054404
.054404
.054404
.054404
.054404
.054404
1.000000
1.000000
1.000000
1.000000
1.000000
1.000000
.946171
.934687
.938984
.940545
.941015
.943671
.569800*
,569800*
.569800*
.569800*
.569800*.
.569800*
Canada, dollar—
Official
Free
Colombia, peso
Czechoslovakia, koruna
—
.020060
Denmark, krone
England, pound sterling
France (Metropolitan) franc
India (British), rupee
Mexico, peso
Netherlands, guilder
—
4)20060
.208658
a .208658
4.027343
4.027343
.
.—_
.
'
.020060
.020060
.208658 ;> ./'
t
.008408
.008408
.301504
.301504
.205736
.205736
4.027343
.008408
.301504
.205787
.377893
.377893
.020060
1
V
.v
•
.208658
7
.208658
4.027343
'
4.027343
.008408
1
.008408
.008408
.301504
.301479
.301479
.205759
V.377893
y;
.020060
*
.208658
4.027343
;V; .205752
.205761
.377893
.377893
4
.377893
Literary
1st
Province
Society
bonds
dated
of
Official-
-1.000000
1.000000
.943750
Norway, krone
Portugal, escudo—
Spain, peseta
3.222000
7.040379
.091324
.091324
.278221
.278221
.233629
.278221
.201612
.040379
.233629
4.007500
r
4.007500
7
.201612
of
St.
1311
1
St.
1943-—
70
1
70
1
Joseph Ferrer, and
Vincent, 1st ref. mtge. 7
&
mortgage
Transmission
pipe
'
70
7
l
1453
17
1070
l
1190
1191
1316
1
l
o1
i*
.
.941250
Windsor
Gas
1316
1317
1317
1457
*
1318
942
1072
1460
724
1234
*
#Co
line
Co., Ltd., 1st & ref.
mtge. 5s,
3.222000
.201612 7
•
7
4.007500
.233629
7
.
y;
4.007500
,
.278214
.233629
.278221
.091324"
,278214
-
.040379
.091324
;•
■
.201612
.040379
.C91324
~
.233629
-
1.000000
.938750 '■
3.222000
.7 7 .040379
*7
'
Switzerland, franc———-Union of South Africa, pound—
1.000000
.938125
3.222000
.201612
*
.091324
Sweden, krona—
1.000000
.936250
3.222000
:
1
Apr
Apr
Apr
Apr
>1324
Apr
725
1962_Apr
1966—May
due
1233
1502
'
.201612
'■V- .040379
_
'
1.000000
.932500
3.222000
•
—
1310
1446
15
v.V:.■/;>7:
Toronto
New Zealand, pound
.233629
4.007500
peso—
ISSUE
CALLED
•
y
Uv77'.
Abitibi Power & Paper
Co., Ltd., 1st mtge. 5s, due
Aluminum Co. of America, 6%
preferred stock
Bell Telephone Co. of
Canada, 1st mt'ge
4.007500
;
ENTIRE
v
Company and Issue—
5s,
iBickford's,
Uruguay,
l
15
23AYo bonds, due 1966
Housing Co., Ltd.—
:
yyr.',..y
1st mortgage 5s, series A, due 1953
United Gas Corp., 1st mtge. & collat.
trust 3s, due
■
Newfoundland, dollar—
;
Fathers,
Tennessee Gas
•
,•
Apr
:v."-1st & ref. mtge. conv. 6s, ser. A-and B, due
1949.;——Apr 1
Indiana Gas & Water Co.. Inc., 1st
mtge. 3Vas, due 1970_Apr
1
Maremont Automotive
Products, Inc.—
v
4%
debentures, due 1960——
Apr
1
Mengel Co., convertible 1st preferred stock-—
May i
Mercy Hospital, 1st ref. mtge. serial bds„ dated
1942__Apr
1
Minnesota Transfer Ry., 1st mtge.
3%% bonds
Jun
1
Monsanto Chemical Co., preference
stock, series A
Mar 25
Oklahoma Natural Gas Co., 1st mtge.
2%s, due 1961
Apr
1
Oregon-Washington RR. & Navigation Co.—
•.Refunding mortgage 3s, series A, due I960—:
—Apr
1
Roberts & Oake, Inc., 1st mtge.
6% bds., due
1954„__May -1
Royal Crown Bottling Co., of Louisville, Ky;, pfd.
stock-Apr sl
St. Joseph Light ,'z Power Co., 1st
mtge. 25/as. due l976_Apr 7-1
Simplicity Pattern Co., Inc., 5 Vi % preferred stock
Apr 15
.251247*
3.209120
7
Paga
stock
,
.251247*
.
>7'7
preferred
debentures, due 1962.i„_—_Apr
Apr
Firestone Tire & Rubber Co., 4 Vi %
preferred stock
Mar
"Gcldblatt Bros., Inc., $2.50 convertible preferred
stock_Apr
Harris-Seybold-Potter Co., 3%% debentures, due
■Mar. 20
1960__Apr
7 Helvetia Coal
Mining Co., 1st mtge. 5s, due
I
'•A
1958——Apr
Hygrade Food Products Corp.—
~
.297733*
Mar. 19
$
.
$■»
.251247*
.251247*
3.209120
Mar.'18
:
t
.297733*
.297733*
.251247*
—
Australia, pound
'X'7Y"
the
serial
Money
Mar. 17y;'yv>
Mar. 15
,-J $ -V. "
1st
Co.,
Co., 3%
1st mortgage 5'/2s, series A
1st mortgage -5s, series B—
1st mortgage 4 Vis, series C
7
INCLUSIVE
1947,
20,
treasury
Felt
Foods, Inc., 5%
debeatures———____Apr
Birmingham Electric Co., 1st mtge. 3s, due
1974—-—Apr
Cleveland Union Terminals Co.— '
\
■>;
.
the week just passed:
certified
&
B/G
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
world.
Hair
American Tobacco
Date
1061
-Mar 24
series B—Jun
525
.
1
<
*
1
Inc.,
6(i% debentures, due
.1962^———Apr
British Columbia
Pulp & Paper Co., Ltd.—
;
V7vb:7
Page
1965_Apr.7 1
1311
-
Controlled.
.658300*
.658300*
.658300*
Noncontrolled
.562620*
.562620*
.562620* ; v'-
•Nominal
J
67c
.658300*
;
.658300*
7:'
.562620*
.562620'
7
7%
general
Bush
rat^.
Terminal
Cornell
Holdings of Unit
Government bonds declined $58,000,000 in Ne"
York City, $16,000,000 in the
Minneapolis District, and'
$31,000,000 at all reporting member banks, i and irw
creased $31,000,000 in the San Francisco District.
(In thousands o:
dollars)
—Incr.
Mar. 19,
1947
-
Assets—
•
Gold
v
for
f.
Total
reserves
r;
Bills
1,082,367
908
5,275
2.407
V+1,087,642
5.456
.
1
—
ited to
2,612
—
3.365
—
i,04o
14.819,348
249,691
—
•489
—
—459.209
6,486,619
••V-"
—
'
+
—284,500
351.800
Bonds
Total.' loans
and
securities
Dtte from: foreign banks
-
-
22.646,065
17 f. m i l
••
Uncollected
of other banks—
•
ltema
-Other assets
:
'
+
2,879.604
~4—
32,232
■—
„
.,8,226
all reporting member banks.
A summary of the assets and
liabilities
member banks follows:
29,396
"491,414 '■*
+
}
,y
-
— .-/j
992
"
.>,174 }
Loans and Investments—totalLoans—total
y Commercial, industrial,
I-
assets
45.211.336
—364,102
+
1,105,494
U. 8.
Federal
Reserve
notes
V— 83.671
24,219,725
—
+
Deposits:'
Member
:
:U.
bank—reserve
8.
Treasurer—gen.
Foreign
acct.
acct.
712,555
deposits
Deferred availability items—-.
Other llabs., incl. accrued dlvs.
2,479,176
liabilities
190,901
'
•
13.213
+
+362,991
-=
658
—
+
496,724*
U.
liability'»on
for foreign
+
7
+
39
1,019,970
2,247
+
38.817
7
45,211,336
+
1,120
—364,102
"'7..
•
'45.6
::*:+"*
<r;t
bills
1V
;
v
V:
81,468
27
—
y
5,902
+1,105,494
Demand deposits adjusted.
Time
>2.0%
+
t'
—
205
Indus¬
loans
8.205
7
+
.10,606
\
1
.
y
Commercial, industrial, and agricultural
loans
districts, the principal increase
being
creased in all
in-
$120,0d0,000 in New York
City, $29,000,000 in the Chicago
District, and $13,000,000 in
the
Cleveland District.
Holdings of Treasury bills declined
$69,000,000 in the
Chicago District,
$33,000,000 in New York
City, and
$121,000,000 at all
reporting member banks.
Holdings of
Treasury certificates of
indebtedness increased
000 in New
$36,000,York City,
$28,000,000 in the San Francisco
District, $19,000,000 in the
Chicago District, and $111,000,0C0 at all
reporting member, banks.-
:
30
7
60
+
7 +
123
+
96
51
-
196
+
+
12
■—
The
7-+
917
Holdings
of
dividends announced this
week
76
13,402
83
776
1,316
27
36
week
list of corporate
a
common
stocks
called
for
or
were
bonds, notes,
When
Bolder*
Payable of Rec.
5c
4-21
4-ltt
7IV2C
3-27
3-20
25c
3-31
3-21
5c
3-31
'
(Pittsburgh)-^-
-
—
'
;■
preferred
-.Class.
1
B
30c
——11——-—
common——————5"
$1.75""'
American
Extra
last date for mak¬
-
conv,
Yarn
—
&
Processing,
———1-
prior
Common (quar:)
Common (quart)
Common (quar-.)
6% preferred (s-a)
(quar.);
3-20
5
:
4-1
'1/3*27
5-1
4-17
3-24
\
3-14
4-
1.
4-
1
3-14
■;
<
4-25
'
4-1
20c
.
3-12
'
4-1
15c
-
3-27
1
4t
■;
3-26
3-30'
3-17
"
20c
:
4-
1
3-17
^
(quar.)——i
4-
1
3-17
5-1
>1*4-11
$1.25
$4 preferred
Arcade Cotton Mills
Co., common
7
5
7 3-20
.'3-20
'
.
Smelting—
preferred
Anchor Hocking
Glass,
>
com.
(s-a»4
5
4-
25c
——
47c
preferred (quar.)—
American Zinc Load &
$5
pfd.
*3-26
4-
10c
(quar.)
Bemberg,
;
3-26
1
4-
15c
1
4-
62 Vic*.
-(quae.)—--.
3-21
4-
-
redemption,
given in they"Chronicle."*; 1} .y.v\
Share
;
———i
25C
American Book Co. (quar.)——-—
American Foreign
4;.;' 62 Vic
Investment
25c
"American Investment
Co.'of Illinois—"
5Yo preferred
Vy,;
(quar.) —-——a—
J: 31V4C
American Screw Co.
(quar.)——__——
25c
r
American Seal-Kap
Corp,.
(s-a)_^^-_——,
15c
American Time Corp., 6Yo
ing tenders, and the page number gives the location in
which the details
,
AllianceW&re, Inc.,
common——s——"
$2.50 convertible
preferred
(quaiv)'i--2—
.American Air
.
including those called under sinking fund provisions.
The date indicates the
redemption
.
Inc.———————I
Filter Co., common
Notices
and
-
—
15,740
Below will be found
Fund,
ExtraS
Redemption Calls and Sinking Fund
.
,,
-
^
-
Quarterly.
American
preferred
-j
are:
Per
Company
Akron
502
demand deposit accounts except
Interbank
and
U.
8.
Gov't
accounts,
Name of
,
Brass Mfg.: Co.—
-Allemannia Fire Insurance
Co.
78
124
v
Affiliated
'
+ ."
Debits to
during
v'*v
1,180
>
--.y
grouped in two separate tables. In the
bring together all the dividends
announced the
.7—
10
'$7
—
condition statement of
weekly reporting mem¬
ber banks of the
Federal Reserve System in 101
leading
cities shows the
following principal changes for the
week ended March 12:
Increases of $193,000,000 in commercial, industrial, and
agricultural loans, and
$196,000,000 in demand
deposits
adjusted.
+
9,262
The
'
-
364
+
—
■
are
week. Then we
follow with a second table in
which we show the
dividends
previously announced, but
which have not
yet been paid., Further
details and rec¬
ord of past
dividend payments in
many cases are given
under the
company name in our "General
Corporation
and Investment
News
Department" in the week when
declared.
4,713
_
we
current
581
8,220
—
8
first
491
—
wv
:
87
%+
23
—
M,
1
1949)-Apr
DIVIDENDS
Dividends
6,234
.;
Condition Statement of Member Banks
:
+-.
>
to
1363
May X
727
1947—.-Apr
•Announcement in this issue, tin
Vol, 161. 5In Vol. 162. 1In Vol. 164,
510
—
31
2,282
Domestic banks—
Foreign banks
Borrowings
;'y 9,007
7-/.'+
14
740
38,786
deposits
U. 8. Government deposits
Interbank deposits:
'
0.8%
+
121
+
(ext.
,
A, due 2022--—
Wisconsin Hydro Electric
Co., 1st mtge. 6s, due
Iiabnittc
cor¬
9-007
make
644
,
13
+
,
111
—■
9,955
•
trial
3,470
9,931
+
;
+1
3,185
securities
Terminals—' '
1st mortgage
collat; trust 87o bonds
Utah Power &
Light Co.—
} '
67c debenture
bonds, series
308
—
4
—-
26,872
Reserve with Federal Reserve Banks
Cash iu vault
■
1,484
_
(Including guaranteed
Balances with domestic banks
~
+
27.455
.
.
respondents
to
bonds
Other
—365,261
deposit and f. r.
Commitments
8.
obligations)
v>.
mortgage collateral trust 6Yo bonds
(ext. to 1949) ^Apr
1 4;
Power & Ligbt Co.—
v:y>.
s yy_j
67c gold debenture
bonds, series A, due 2022
July 1 - 12490
Toronto Chain Store
1,283
8
:
+
777
4,466
—
112
+
+
2,344
315,740
1322
Texas
3,509
—
2
+
142
Other loans
815
1320
bonds——Apr
■
417
Treasury bills
Treasury certificates of indebtedness
Treasury notes
+
14
_
—
1,646
—
1319
.....
—12,159
+ 1,599
17
—
522
-
securities
+
—643,923
y>
153,527
12823
Apr
Properties Corp.—
./
..y >:
s
N,..'./1st mortgage 67c
collateral trust
bonds, due 1954—Apr
1
Silverwood Dairies,
Ltd., 40-cent preference
1
stock—---Apr
ri 12835
Southern United Ice
Co., 1st mtge. 4s, dated 1935
1110
-Apr ::li
Soundview Pulp
Co., 6% preferred stock
Apr 15 7 1500
Springfield Chain
or
35
382
Loans to banks
235,666
439.823
.
:.
,
note liabilities combined
purchased
-
193
372
Real estate loans
61,379-
—
9,963
Mi
—
Total liabilities & cap. accts.
Ratio of gold certificate re¬
Contingent
—
44,514.340
,
to
459.258
+
>
11.687
capital accounts
serves
—
17,803.752 v
-
Capital Accounts—
Oapltal paid in
Surplus (Section 7)
Surplus (Section 13b)
96.001
:—716,748
634,981
Total
Other
+
513,352
Other
Total
i
■
151
securities
Other
15,942,864
+
10,995
Other loans for purchasing or
carrying:
U. 8. Government obligations
207,394
173
Government obligations
Other
Liabilities—
1196
1196
Store Terminals—
+
pur¬
Louis
»
;
12960
1st
16,820
for
Louis
St.
-
and agricultural
Loans to" brokers and dealers
chasing or carrying:
'
1
Total
St.
reporting
55,590
—
.
•>
1962——-Apr:
mtge. 'ser. bds.y due
1947-1955_Apr
County Gas Co;, 1st mtge. gold
Ottawa
Decrease (- •) Since
Mar. 12,
Mar. 5,1' Mar. 13,
1947
1947
1946
Assets—
8
;
4
of
Increase (+)
431,380
—
y
—
40.627
...
—
1136
stock.:—
Tube Co., preference
stockJ.
1140 North La Salle
Corp., ,1st mtge. 5s, due
Electric Ry., 1st
$83,000,000. >•
Borrowings declined $42,000,000- in New York City,
$22,000,000 in the Minneapolis District, and $36,000,000 at
181,200
6,772
•+469,064
r
149,552
—
—839,575
.,.114.505
premises
+1,003,000
preferred
Ohio Seamless
domestic banks increased
(iu mlllloxis of dollars)
—836,209
H;
»
217,296
—
22,411,156
-
notes
1,188,648
—
92,500
—
753,390'
Total U. S. Govt, securities—
Bank,
$
+
securities:
Certificates
Notes
-
334.456
233.869
—
U. 8. Govt,
+\
19,163,745
.?
cash
Discounts and advances
Industrial loans
F. R.
+
12287
-
Industries, 67o
.
r.
792.318
gold ctf.
$
1,499
,r,
12548
_i._Mar 31
District, $32,000,000 in the Dallas District, 1 Nebraska Power Co.— y . ^
63/4 debenture bonds, series
$30,000,000 in the New York District outside New York
A, due 2022
.Sep
1
New York Edison
Co., Inc.—
City, and $196,000,000 at all reporting member banks,
y:;
:y;-\
y.- 1st lien & ref. r%tge. VA7o
bonds, series D, due 1965_Apr
and declined $25,000,000 in the Cleveland
1
1st lien & ref.
District and
mtge. 3Vi % bonds, series
E, due 196d-Apr
1
Northern New York
$19,000,000 in New York City. United States Govern¬
Utilitiei^nc.—~7
V 7 " .7 7;-'
1st lien & ref. 67o
ment deposits increased
bonds! sfeties B. due 1947
$76,000,000} and deposits cred¬
Anytime
Mar. 20,
1946 •-
\ ;
1315
1
-
San Francisco
•
18,371,427
fund
notes
Other
1G47
$
certificates
Redemption
Mar. 12,
:
1068
;; us?
Gait Co.
Demand deposits adjusted increased
$91,000,000 in the
Deer. Since—
or
1
Deerfield
States
Reserve Banks Combined
stock——------——Apr
Wood
1311
12143
Products Co., 6% preferred stock^_Mar31
Packing Corp., 1st mtge. 4s, due
1956———Mar 3.1
Canada, Ltd., 1st .& gen:'mtge. 6 7e
bonds—>_Apr
1
Great Northern Ry.—
4Va % gen. mtge. gold bonds, series
E, due 1977
July 1
International Telephone &
Telegraph -.Corp;-—V/;;.
y
.* 4Vi% debenture bondsi 'due
1952—
July
1
Kentucky Utilities Co.,.4Vi%>mtge,
bonds, due 1955—Apr
2
La France
Treasury notes increased $40,000,000.
Statement of Condition of the 12 Federal
mtge.
s. f. gold bonds--——-—
L
-May 1
mortgage s. f. gold bonds—
—r_May
1
Co., ■ 6 % preferred stock——"-Apr
1
Butte Electric & Power Co., 1st
mtge. 5s. due 1951—Any timft
Canadian Oil Cos.,
Ltd.,'1st mtge 4s, ser. Ay due
1960^Apr 15
Colonial Ice Co., $7
preferred
,658300*
.562620*
v.
1st
(quar.)
(quar.)
$1
.
4.
l
3-24
$1
3-31
3-24
$1
-
—
*6-30
6-23
-—
>
NOTICES
.
of TENDER
Company and Issue—
Antilla
Sugar Estates,
v
26^|fer
6 7c
.
^
income
Aroostook Valley RR., 1st and ref.
mtge.
Boston Sand & Gravel Co.—
.1,
Date
7
.
debentures__Mar 31
4'/aS, due 1961_Apr
Page
1310
11
934
Mar 25
1447
,
5-year
Ellicott
17o
convertible
Square
Co.
of
debentures
Buffalo,
due
1G49
1st mtge. 5s
Heller (Walter E.) & Co.,
5V2% preferred stockLeeds & Lippincott
Co., 3 7% 7c bonds, dated 1937
Monon Coal Co.
1st mtge. 5s, due 1955
Penn
Mercantile||Properties,
Vandalia RR4
t^nsoiidated
*6%
preferred
New
May
15
Mar 24
Apr
*
685
11
.
1456
Mar 25
-
1318
secured s. f. bonds———Apr' 1 »
mortgage bonds,-,
a—Mar 31..
1502; "»
*•;'
"•
9-24
12-191
6-30
6-22
$3
-
12-23
12-10
.6-16
-
—
jiiui.
Clas»r^ij(quar.)
9-30
12-23
45C
—4—
Powcr^^,
.'Class B .(quarJ*—
4%^r convertible
$1
$1
$3
.
(initial)—'
dividend y_
Armstrong Rubber
•
•
common
•
-
———
ds-a)
•-Arkansas-Missouri
Stock
—
33Vi%
—
1
——
preferred (t;uar.)_
Art-Craft Briar
Pipe Corp.! 735c pfd.
(quar.).
Artkraft Mfg.
COrp., 6%tconv; pfd.
(quar.),
Arundel Corp.
4-30
1
3-16
4-
1
3-16
"4- 1
3-16
25c
*
.(quar.)—a——y
59%c
"
8-vic
7Vic
r;25o
5-31
5-15
4-
K25c
W
4-15
3-31
14*'17:
1
4-
3-15
4-ia
1
Volume' 165
Number 4579
;
Per >
.;vZZ',;•
of Company
Name
Plywood Corp: (quar.).
—
Tack Corp. (quar.)_—•_
Thrift Plan Corp., 7% pfd. (quar.).'...
Automobiles Banking Corp., comnon_J.___.__
A
Z
be
4-15
3-21
(R.) ft Co., Inc., new cfa.ss A
Holly Development Co. (quar.)
3-21
Hoover
50c
4-
3-25
Houston
•
3-31
Common
3-10
5Vo
3-31
3-22
Howe
1
3-21
Hydraulic
4-15
3-31
Hygra.de
4-15
,
$2.50
20c
•
75c
4-
5c
.
'!-!
3-27
$1.50
$25c
2
6-
3-14
Industrial
1
3-21
4-:
1-'^
3-21
Inland Investors, Inc.
International .'Milling
3-24
3-31
3-20
1
4-10
5-
1
4-15
OVo
20c
•
4-10
1
3-18
Common
3-22
3-31
3-25
3-25
"3-16
3-20
3-10
Knapp Monarch
6-10
5-2
Landers
3-20
4-15
3-31
Latrobe
5-
75c
$$1.50
3-12
:
3-12
"
3-31
Leich
i
3-20
Radio
1
4-
'-:4- 1
56 Vic
3-20
5-15
;
5-
,
1
4-
-W4-15--,
5c-
4-14
3-31
3-31
3-15
3-31
43%C
—
3-20
4-'I"
<'715c '■
Breweries
Concord
7%
4-15
Merged
with
Conlon-Moore
to
McBee Company,
3-26
McCaskey
,
4-
$1.25
2
Machine
Consolidated
$6
2
4-
1
3-21
4-
1
3-20
Gas
Consumers
Continental
Giu
E.)
(W.
Co.,
Co
(A.)
Detroit
Edison
Detroit
Dixon
4-
1
1
Duro
Test
Corp
(s-a)
Ekco
Oil,
$1.50
4-15
4- 1
4-
Products
Co.,
Embassy
New
3-15
National
Fuel
3-25
National
ScreW & Mfg.
5c
3-26
New
4-
1
3-26
New
30c
4-15
3-28
New
5-1
4-
25C
4-10
3-29
New
York Power
$1
3-31
3-21
New
York
$$2
4-25
3-31
$15c
5-1
3-31
5-
4-25
———
'
New
(initial
common
quar.)
of
&
J.)
$5
of
Class
B
(D.
Fultoa Tiust
1
3-24
4-
1
3-24
4-1
3-24
35c
4-1
3-21
—
25c
1
3-31
$20
3-28
(quar.)
class
Ltd.,
(N.
Co.
Packing
General
1
American
$25c
4-19
•
4-
1
lK
Co.
•
^ 25c
;
——
Gibson :Art< Co;
15c
.
>
Green mH.
f62V2C
L.)
Company
(quar.)
$$1.50
/
Z
4-
1
3-25"
1
3-25"
.)Z
(quar.)_—
60c
/
I
"V
50c
,
.
v50o-
^• •-.£{'.(5,?:.
'
(quar.)ri-,i.1i^.ii-t
'
.
—
"IbSO ]
.
i/.
i'¥0r'
4-15
:
Z.
:*
'
4-
3-15
4-15
3-31
4-15
3-31
5-15
1
1
Fashion
Full
Union
4-
3-31
1
3-22
A.
3-31
5-
1
4-15
4-
1
3-26
Red
8
3-19
■*' /.:• :•
4-
1
3-15
4-
1
3-24
Top
1
3-27
3-31
3-18
•'
v.
•'■', cla^°B
Eart;
Reeti^i
'
g'Co.J
C?-a^5i7/Ai'
4- 1
3-21
3-20
3-
3-20
3-5
5
Aetna
4-15
common
3-20
4-
1
3-20
3-31
3-17
4-
1
1
3-27
4-
4-15
1
UV2C
3-31
3-25
20c
Z:\4- 1
3-25
4-
(s-a)
ZZZ
$2.50
—
(quar.),
30c
1
■
3-17
ZZ 4- 1
ZZ 4% 1 ■ZZ 3-17
5614 c
'
3-20
3-18
3-31
50c
pfd. A (quar.)
1
4-
$1.50
(quar.).*——
4-19
5-
25c
3-25
4-
1
7-
1
6-20
6-20
6-
10%
6-20
6-
6-16
6-
5
6-16
6-
5
50c
common-
$1.75
/
5
5
3-21
4-
1
4-
1
3-21
3-28
Z
15C
(quar.)
3-20
give the dividends
we
announced in previous
.paid. The list does not include divi¬
announced this week, these being given in the
'
'
-
,
r
ri
/' '
4-30
4-15
3-31
3-20
$1.25
4-
;
/>\
♦
4-15
$1.25
5-
50c
4-
1
3-20
37V2C
4-
1
3-24
r
1
3-21
3-15
Y.)
common
common
4-
1
3-
40C
4-
1
3-13
4-
1
3-
Z'. 4- 1
'
12V2C
5-
$1.50
4-
1
35C
1
1
1
3-20
20c
4-
3
3-20
4-
1
25c
4-
1
13 %c
4-
1
Z
3-24
! 34%c
4"
1
y
3-24
-
—,
j.—
(quar.)
4-22
4-
1
50C
4-22
4-
1
50C
10-22
10-
1
37 '/2c
4-15
3-31
25c
4-15
3-311
90C
5-
;—
3-21
preferred (initial quar.)
preferred (special)
Aluminum Goods Mfg. Co.
—
Amalgamated Leather Cos., com. (irreg.) —
6% conv. preferred (quar.)..
American Aggregates Corp., 5% pfd. (quar.)
3-17
American
$3.75
4-15
1
$1
5-
1
4-15
15C
4-
1
3-15
4-
1
$1
31V4C
3-31
'
r
25C
4-
1
4-
1
3-15
4-
1
Z 3-15
$2.60
1
9-15
/ 4-
1
4-
1
3-14
Z;
4-
1
3-8
V:
$1.75
44-
1
4-
1
"
3-31
3-20
4-20
3-31
12V2C
3-29
3-20
10c
3-29
3-20
6%; preferred (quar.)
American Brake Shoe Co.,' com.
5(4%
preferred
(quar.)
3-20
American Business
3-29
i2y2c
•
Z
3-20
American Can,
7(/2C
4-
1
3-15
American
8%C
4-
1
3-15
'
3-29
'•
1
250
4-
1
4-
1
25C
7%
Car
non-cum.
(quar.).,
(quar.)
Credit, class A
7% preferred
ft Foundry—
preferred
—
(quar.)
4-21
ZZ 75C
3-14
3-10
3-20
:
3-
4- 2
40C
933/«C
$1.38
3-24
20O
4-15
v"'
3-13*
4-1
20c
3*
3-10
I
4-
Z
4-
1
1
3-20
$1.25
4-1
3- 3
50C
3-28
23c
4-15
3-20
40c
4-
1
3-17
40c
4-
1
3-11*
4- 1
3-11*
3-31
3-20
*
4-
75c
75C
,
(increased)
3-10
3-11
4-
Z*
3-10
3-20
2%C
Agricultural.Chemical Co. (Del.)—
$3
•;
3-31
40C
American Alliance
20C
"
3-20'
1
37 %C
$ 1.05 Va
Insurance (quar.)
American Bakeries Co. (increased quar.) —
American Bank Note Co., common
3-20
/
$1.05 /
Z 13
Quarterly
3-20
$2
3-24
10-
6%
1
——
Products
3-24
$2.50
50c
Corp. (quar.).
—
Allied Stores Corp. (increased quar.)
Allis-Chalmers Mfg. Co., common (quar.)„
Aluminum Co. of America—
Allied
3-15
4-
25c
(quar.)
preferred (quar.)
Allegheny Ludlura Steel (quar.)
Allen Electric ft Equipment (quar.)
Allied Laboratories
———;——,
3-21
4-15
40C
common-
4-
<
7
8%C
A (quar.)...
4'/4%
4-25
7
3-22
3-31
75c
(quar.)
(>
3-19
4-10
60C
(quar.)
Inc.,
3-15
1
3-31
62'Ac
preferred (s-a)—
preferred (s-a)...
Alabama Power Co., 4.20% preferred (quar.)
Alabama ft Vlcksburg Ry Co. (s-a)
Albemarle Paper Mfg. Co., 7% pfd. (accum.)
Alden's,
1
4-
'
5%
5%
3-21
3-29
$1.25
4-
15c
$u$
($10 par) (quar.)
5(4% preferred $25 par) (quar.)
Akron Canton & Youngstown RR.—
Common
(Initial)
.'
"M
1
30C
preferred
5t4%
3-20
1
A
Class
7
3-10
4-
20C
preferred
Airline Foods,
7
3-
f 25c
(quar.)
Ahlberg Bearing Co., class
Ainsworth Mfg.
(quar.)
3-31
3-
3-31
$25c
Life Insurance
N.
3-14
3-31
30c
Inc.
Co.
Insurance
3-28
50c
—
(quar.)
(quar.)
Agricultural Insurance Co.—
3-31
20c
/, $1
50c
Sugar Refineries,
Hat Stores,
Holderg
When
Payable of
Shore
Company
Laboratories
5%
3-21
55c
——--
4-
5
5
3-27
1
3-15
(quar.)-i,:
Steel Car Corp.
(Watertown,
(ouar.)—.
6>-
6-
■
1
Co. (quar.)
Aetna Standard Engineering Co.—
3-31
4-1
IOC
(quar.) —_:
-
Z
4-
$1.25
(quar.)
Adams (J. D.) Mfg. Co. (quar.).,....,,...
Addressograph-Multlgraph Corp. (increased)
Aetna Casualty ft Surety Co. (quar.)
$1.75
(quar.)-—
" " '
! 6-15
$1.12(4
$1.12'/!
F.f Inc.—,...,,
Adam
90c
...—
6-15
40c
Ltd.—
Class A preference participating (quar.).
Acme Glove Works. Ltd., new com. (Initial)
3-27
1
4-
Mills (quar.)
Extra-
4-15
1
40c
dividend
Acadia-Atlantic
$1.50
——..—i__.
Employees, 80c preferred (quar.)..
Brewing Co., clciss A (quar.).—_
5-
50c
Extra
4-
s
T.
Aetna
Warehouse
4-15
4-15
3-21
$1
Z preferred
Abbott
25c
—
3-2©
1
v,3-31
15C
—
4 Va%
5-
3-28
,v
4-30
50c
ter
$1.50
(quar.)
3-31
Z" $1.50
—
Cos.
3-28
4-15
Cotton:
Name of
4-15
(increased).
Water (quar.)
5%" preferred
4-15
Z 4-15
3-21
1
National Co.," common (quar.)
8%
preferred iquar.)
Quincy Murket Cold Storage
Railroad
3-19
-.(
Transit;
Z" \ 3-20
3-22
4-
4-
(Minn.) —
t
1
62»/jC
——
Paper Co. (increased)
Co., 6% class A pfd.
preceding table.
75c
(quar.)..
4-15
4-
20c
-
!
prior
dends
—
Ltd., common
1
50c
class A
Electric
Below
97 (4c
'
3^18
1
5-
weeks and not yet
1
4-
$1.50
(quar.)
4-10
J
Z5-
15c
,
.
$1.50
Securities Co.—
Massachusetts
Youngstown
$1.50
preferred /(quar.).—:
and
3-31
4-15.
3-31
4-
Pyle
3-20
1
4-
$$1.25
3-31
4-15
$1.75
(quar.)
preferred
Portland
3-20
I
.IOC
S
4-15
3-18
3-31
3-31
5-31
Co.—
——
Plainfield
!Z__: 20c
.
4-15
3 7(4c;
participating preferred (quar.)
Finance Corp. of California (Del.) —
$3.60
Pilot
3-20
4-
..
4%
4-15
4-
3-15
50c
Extra
3-19
1
4-
$0.0509
—
;
5-1
31 >/4c
Corp.,.. class
ClaSS .B,
—
Guaranty Trust Co.-ff Canada, (quar.)
2.-5%. preferred;"(quar.)
Haverhill Gas Light Co.
1
.4-15
25C
3-29
40c
Philip Morris ft Co.,
3-17
5-
T5c
-':;ZZ
,
Haitford^Gas'Co., common
8%. rP.referred
Harris Foundry & Machine
4-1
r
4-12
ZZ 4-30
3-24
3-26
•,
'4-15
preferred (quar.)
4V2 % convertible prior preferred (quar.).
Z,> $1.50
Young (J. S.) Co.. common (quar.)
56 (4 c
.
______
Greif Brothers Cooperage
-
3-17
1
pfd. (quav.)
Worthington-Pump ft Machinery,
$1.25
3-17
If,
3-31
(quar.)__
■XV $1.25 partidpating preferred (quar.)
Participating
1
4-
35c
Co., ;common
■
4-
>
conv.
Gasr Co,.—
Woodside
3- 1
15c
!'.
Philadelphia Transportation Co.,
Participating preferred (s-a)
Participating preferred (s-a)
4-16
Z
2;y.
Co.; (quar.) _y—____
Steamship Co.___i_l—-
Greenwich. Gas
,r-.
4-30
Hosiery
Great. .Lakes
1
4-
>162j/2C
1
3-20
3-20
75c
■
Gotham
Z
3-31
45C
-
-
r
4-21
"
-
(quar.)
Gordon;
Belyea, Ltd.—
-y,;
Claski Ai non-cum.
(quar.)
.!■ ..Glass B. common iquar.)^67o
1st:preferred (quar.)
Co.
4-
6C
—_V_—-
(quar.)^_
1
//v/:
(Boston)'" (irreg,)
Trust
Refrigerator
1
3-20
4-
V!
4-15
20c
of one additional share of com¬
mon
for each share held).
Subject to
the approval of stockholders.
Philadelphia Company, common (quar.)„_
6%
preferred (s-a).
Philadelphia National Insurance (s-a)
!;' 3-22
15C
4%
(accum.).
preferred (quar.)
6%
split-up
(Texast—
(quar.)————!
General-Investors
:
3-14
1
4-
20c
-
1
<■
$2.50 class A
Wico
10c
(ineg.)
pfd. (quar.)..
Co.—
4-
''"-4-
50c
Insurance, common..
preferred
$5 preferred (quar.)
Co.,
Co.,
Ohio
Whitaker
f25c
Transit, Inc.
(quar.)
Mills, 6% pfd. (quar.)....
Baking
-
3-27
50c
preferred (quar.)
Pacific Greyhound Lines.—.;..—
Pantex Mfg. Corp., 6% preferred (quar.).—
Peaslee-Gaulbevt Corp., 5% preferred (quar.)
Penick ft Ford, Ltd. (directors voted a stock
3-24
(quar.)
ft
4-15
$1.50
I
5%
3-20
4-
(resumed)
6%> preferred
Pacific
3-29
7 VaC
3-31
Weeden
l
5-
$1.25
(quar.)^__
Industries, Inc., 4% preferred A (quar.)
Farm
IOC
3-24
)
87»/2C
class A
non-cum.
7%
$5 class A
3-22
$1.50
-
6%
4-15
Co.—
com.
$1.75
1
(0c class A pfd. (quar.),
Sugar Co. tquarj.
Title
Washington
3-22
,-v" 4- 1
37(4c
preferred
Orchard
,
3-29
4-
j25c
(quar.)
pfd.
conv.
Y.)
Oil
1
4-19
$1.25
A__
(quar.)___—u—
6%
Olin
3-21
V
,3-18
stock
preferred
4%
3-20
4-
3-18
1
4-
97 (4c
...
Co.
Mfg.
1
4-
$1
Visking Corp.; class A (quar.)..
; : Class. Bv(quar.)^_w——r
$1.50
Oklahoma Gas & Electric,
3-20
$1.50
—+—
i
Gibson
4-
$1.50
——~
: 4-1
51
Indiana
Paper
4-
-
(quar.)
Winn ft Lovett Grocery,
Quarterly
Oilgear Company
3-25-
$1.25
$1.37 vi
—
3-24
:
preferred (quar.)__
—_
Noithwcstern Electric Co., 6% pfd. (quar.).
7% preferred (quor.)
Northwestern Natl. Insur. Co. (Milwaukee) —
3-25
4-1
$1
(quar.)
1
$3.60
3-21
1
4-
Z
14c
class A
(quar.»
Northern States Power Co.
(quar.)
preferred
Co.
4-
40c
(N. Y.)
Canada,
& Co.
Gaaloclc
Common>
1
Judd
ft
7 %
—
—
B.)
4-
ioc
——
Utah-Idaho Sugar,
5
3-15
1
Vertientes-Camaguey
3-
75c
Northern
1..——-ii——
Co
Brothers
Fuller
3-21
Co.- (Boston)
Associates
Motor. Co.
Ford
4-
Jersey (quar.)
New
Federation Bank & Trust Co.
Fi3her
4-15
$1.25
3-31
3-20
1
B
Northern
«
Federal Insurance Co.
Filty
5-
Rayon,
3-21
4-
(quar.)_
(Brooklyn)
Co.
1/
Z $1.50 ;%V
(quar.)
North
4-15
(quar.)
Corp..—
;
/
(initial quar.)——
Johnson
Felin. (John
30c
Pictures
4-
.
A
American
3-28
y
50c
(quar.)i.—.
4-
4-19
20c
iquar.)
preferred
0%
Class
3-21
5-
$1.12,/2
Co.
Gas
47o
preferred (quar.)
Engineers Public Service, $5 pfd.
$5.50
preferred
(quar.)
; $6
preferred
(quar.)J-
'
4-
preferred
414%
Co.
V 4-10
$i9c
Universal
Name changed
Richmond Gas
ft
4-10
1
——
Bank
$1.50
(s-a)
St. Louis RR.
(accum.)
ft Light, 3.9% pid.
1
5-
Z 50c
3-31
$1.50
Co.
5-
10c
'
B
Industrial
12 (4c
(qur!r.)_
Chicago ft
preferred
North
6-20
7-
York
6%
9
Gas
1
$1.75
,
Smelting Refining ft Mining—
(irreg.)
—l——
S.
3-18
4-
$1.50
United Transit Co,, common..—-——T—4.—. Z
5% preferred (quar)
Co.—
England Power. Co,. 6%
Orleans Public Service
3-31
3-25
*
Utilities,- Ltd. (g-u)
Nation-Wide
Securities
Co.
(Maryland).—
National 3ond ft Share Corp.—'.:
'
4-15
$1.50
31V»C
(quar.)
Tool,
Common
*
(quar.)___„_„__r
Fund, Inc. (quar.)
1
Association—
Realty
common
Jlndicott
A
50c
—
4-15
Z
35 c
!
4-15
.,
25c
(quar.)
class A
8 '
4-10
(quar.).
pfd.
$1.25
Co.,
4-
5-15
3-31
: 50c
Investment
1
(quar.)_
common
4Vie/o preferred (quar.)
Elizabethtown Consolidated
/
class
4-
$3
U.
"
Nanaimo-Duncan
1
37V2C
3-19
3-25
Class
Weatherhead
pfd.
$6
Motor Specialties
4-
—
3-29
4-1
:
10c
Muskegon
4
15c
(accum.)
United
Corp.
': ioc
(quar.)——
pfd.
conv.
3-31
3-31
37 (4c
(quar.)
Light
5c
preferred
6%
Cotton,
Eason
&
7%
__
Philip Morris)
Motor Finance Corp.,
$5 pfd. (quar.)
Mountain States Tel. ft Tel.
(quar.)
v
Easley
Co.
Drill
(see
4-15
.1—
Mfg.
United
4-15
25C
ft Co.—
(initial quar.)__,
(John)
common
3-21
Co.,
Paper
Morrell
1
Crucible
2—:i
Works, Ltd. (annual)
Ltd
(Joseph)
Union
7
$1.25,;
Electric Service Co.
Conlon-Moore
to
$2
J-
1
3-
"4-15
$1.50
(quar.)
quar.)
preferred
(quar.)
Moore
Corp., preferred
Merged with Conion Corp,
Mutual
10%
4-
50c
9-30
20c
—
3-31
$1.50
(quar.)"
3.90%
3-31
——________
Corp.
Products
4-15"
$2
$1.25
6-30
1
"
prior preferred, (quar.).:
3-21'
'
Treesweet
.
(quar.)
3-23
3-2C
Towmotor
3-24
Western
1
10c
3-20
1
;
25c
(quar.)
pfd.
3-24
4-
1
4-
10-10
5-
"
3-12
New
$1.121/2
4-
3-20
3-31
7-10
1
Z
3-12
Morris
4-
$1.75" :
3-31
4-10
$1.12'/a
—
3-31
ft
4-10
25c
Company
3-31
6-16
4-1
Todd
! 25c
3-17
25c
3-28
$1.75
3-15
,: -t$5
4-
_I__Z
1
4-H
4-15
•
3-21
7
40c
1
7:
'/5-
96y4C
:
3-31
7-
5 7o
3-22 Z
$1.12'/a
4-
$1.25
'/
Insurance
10c
4-
•Z; 4- 1
Commonwealth Corp.,
$1.13
4-18
4
3-22
1
Western
3-15
4-
4-
Western
4-10
50c
4-10/
7(4c
___
;•
West
ft
/" 4-10-
1
5-
$6
3-21
Power
1
5-
25c
pfd. (quar.)
Texas Power & Light Co., $6 pfd.
(quar.) — Z
7%
preferred (quar.)AJ
—
Textile Bunking Co. (N. Y.) (quar.)
Third Canadian General Investment Trust,
;
Ltd.
(Toronto)
(irreg.)
Tobin Packing Co., common (quar.)
7% preferred (quar.)v..—
Service,
Electric
4-15
3-15
Dominion Engineering
Dr.vden
4-25
1
common.^.:—
——
4-1
3-18
2
6-
5-
ft
Co.,
3-22
93%c
Products.!
Steel
3-31
25c
3-m
4-15
10c
Texas
,
1
6-11
20c
3-31
'
5-
$10c
3-24"
Oil
3-28
$15c
3-31
3-21
1
Sun
4-25
50c
4-15!
Strawbriclge
,
7
3-21
<
Acid
ibc
4-
$1.50
4-
7
5-
1
4-
25c
1
4- 7
4-30
3-20
5-15
$2
133/4C
—
—
1
Gas
1
common
I
3-21
$1.12
Co.
dividend
Stock
1
Common
25C
1st preferred
(initial
4-
*.
Clothier (initial)*.*..u+—
4Va % class A pfd. fquar.)
Talon, Inc., 4%
preferred (s-a)
Tennessee
Products Corp.
(extra)..
""
__
;
common
4-15
$1.50
—
10c
Motors,
3-31
Co.,
1
10c
Electric
Sterling
5-
Missouri
3-21
1
4-
(quar.)
preferred—
(quar.)
convertible
67o
.' Z
4-30
„
30c
(quar.)
preferred
3-20
5-
....
4-
Falls
1
60c
(quav.)
15C
414%
3-21
4-
Co.—
Gas
A
$25c
Millers
1
:i:$2
(quar.)——
——
De Pinna
3-
4-
6c
!
Co., class A..ZZ.—J.,—
Common
3-22
~
^
conv.
3-21
Stanley Brock, Ltd., class A (quar.)
Clas3
B
*
(quar.).
Steel Products Engineering (quar.)
3-21
5
25c
Register
Missouri
(quar.)
preferred A
33,4%
Dean
V
1
4-
Works
3-31
4-
II
Mississippi Power & Light,
common—1—;—-
Company,
4-15
$1.25
?
5%V
1
3-31
(quar.)
Natural
preferred
$1.06 V*
4-30
4-
25c
xMills, Inc., common
preferred .{quar.J____,/.Z//'-:-:z::i;
,il/»%
5-15
4-15
$1.50
common
4-11
(resumed)__
6%
preferred
4(4%
Tool—
Co.,
1
pfd.""(quarI)"ZZIir
7%
4-
Electric—
ft
Mercury Mills, Ltd. (quar.)
I
Metals Disintegrating,
common__I___—I"""
7%
River
Dana
3-26
1
changed
preferred - -(quar.)
—_—,
Copeland Refrigeration Corp. (irreg.)
Cosden Petroleum Corp., 5% pfd. (accum.)_
Courtaulds, Ltd.
(interim)
Cream of Wheat Corp
1
Crown Life Insurance Co. (Toronto)
(quar.)
.■
3-20
4-
$1.50
$5
41/2%
Dan
4; 2
•
(Toronto)
ZZ 4J/2% \ preferred
3-26
5c
1st preferred
Consolidated
3-31
J 50c
_
———
(quar.)
Royalty Oil
5-
Z
!,
Co., 4V2% pfd.
McKihney Mfg. Co., common...
5% convertible preferred
(quar.)
McQuay-NorrLs Mfg. Co.—
Common
(increased quar.)__
3-26
4-
i 25c
__
Name
3-15
87 (4C
*
"Co_______________Z_ZZIIZZ!
Factor &
McAlloer Mfg. Co.
3-21
Corp.
y
(initial quar.).——-i
Printers
Connecticut
Max
3-21
$1
Corp.
Moore
.!■
1
1
30c
preferred (accum.)
Corp.,v preferred
Conion
1
Gas
preferred
4.8%
$6
3-15
4-
J
3-31
1
Southern Indiana
37 (4c
quarterly
4-
Hampshire)^*,/
(New
Gas "Co;
4-15
4-
Gas &
4-
68%c
(N.Z-'Y.) (quar.)
3-31
Angeles
5c
,
laccum.)
(quar.)——;
4-15
(quar.)
Spartan
Mills
(quar.)
Sporting Goods, Inc., 55c pfd. (quar.)
Standard Steel Spring Co., common
4%
convertible preferred
(quar.)
Standard
Wholesale
Phosphate
ft
30c
Co.
BT^C
"
(quar.):_...—_
National Bank
Commercial
Electric
Increased
3-15
4-21
15c
_
3-25
1
4-
$1.12 Mi
iquar.).
(irreg.)
(guar.)
Corporation
(Chas.) & Co.
Lynn
IOC
A
Colonial: Life-insurance—
Columbia
Southwest
3-20
$1.50
Investment Co.______Z__ZZ^ -Z
Electric (quar.)
MacAndrews & Forbes Co.,1 com. (increased)
6%
preferred (quar.)*.^^.:^^!..,....^^.
Megowen-Educator Food, class A (accum.)""
Maine Central RR. 6%
prior pfd. (quar.)
Manufacturers Credit Corp.—
6%
non-cum.
preferred (quar.)
Marchant Calculating
Machine Co.—-
Los
;
1
3-20
4-1
25c r
pfd.;. "(quar.)
Co.,'* $2.75
3-20
30c
(quar.)
preferred
Leland
1
'
Collins
1
3-31
Lehman
4-15
'
Co.
Trust
3.85 Vo
*
4.
25c
Corporation/(increased)
Y.)
4-
(ouar.)
Lees Uames) -& Sons- Co:—
4-1
-
37'/2C
•
3-28
3-31
40c
Lawyers
4-10
'
1
5-
■
15C
Steel
3-25
15c
.
$1.20
$1
&
Electric
1
Common
1
1
Frary
4-
50c
r
$1.25
20c
$1
(initial)
com.
3-20
(Ky.)—
4-10
15c
new
1
(accum.)..
4-10
——
Co,,
preferred
1st
1
25c
Clark (quar.)
;
Company
(irreg.)
La Salle Extension University (quar.)
4-
$1,75
$5
25c
4-15
;
26>/8C
$$1.75
4- 5
.
$1.25
Lane
15C
:
(N.
1
1
preferred
(ouar.)
ZZZZZZZZZ
Kendall Refining Co.
(quar.)
ZZZZZZZII
Kentucky Utilities, 6% pfd. (quar.)
50c
Title Insurance. Cih (quar.)
Multiplied:Corp., common (quar.)
</.< 5Va% convertible preferred (quar.) —
Co.
(quar.)
3-15
$1.06 V*
4-
25c
(quar.).
Southeastern Investment Trust, Inc.
5-
5%
3-31
4-15
-
■
1
Co
5.
Company
Kellogg Company (quar.)
Kellogg Switchboard & Supply—
3-18
4-
(quar.)...—
(Eoston)
2-23
3-15
'
City Southern Railway—
non-cum.
preferred
47c
3-31
15c
50c
!',
$1.50
Kay nee
3-31
'
1
4-
'
5-1
5-
$40c
Louis—
$1.50
'
!
(qua~r.)~~
1st
$1.25
$1
Clary
Trust
5-
Products
Sonoco
3-31
4-10
50c
62 (4c
'
40c
City
Clinton
Shawmut Association
10 c
1
Chicago Railway Equipment Co.—
Cliffs
3-24
Kansas
2»/2C
preferred
3-31
,.Z4T^vv JZ 3-17 /•;
5
$$1.75
:
.
4-
3-31
Sargent &
~
,
4-15
3-28
25c
(qgarj)
$5
Securities Investment of St.
pfd. (quar.)
Inc.—
4-15
4-21
16c
$1.25
•
convertible preferred (irtitiai quar.)- '
Chasers,. Inc.: (quar.).
Chemical Fund, *Inc....——:_vi-
Cleveland-Cliffs Iron,
Co., 4Vo
4-
COCi
62'/2c
-5%
Co.
3-20
10c
u
3-10
4-15
1
(quar.)
3-20
3-22
20C
(quar.)_;
5-
62 '/a c
common
7%
4-10
(interim)
preferred (quar.)
Johns-Manville, 3»/2%
preferred
'
Flour Mills,
Lawrence
St.
3-31
3-31
Z
I"
(accum.)""
~
4-30
,
4-1
•'*.
/
(quar.)
3-20
50c
...
Co.
:
T
"
Helena Rubinstein)
(see
$1.37 Va
(accum.)
ctfs.
4-30
.
Rubinstein
preferred
(quar.)
.......
Co. (increased)
;
Savannah Sugar Refining Co.
(quar.)
Schuster (Ed.)
ft Co., 4\\% pfd. quar.)
(quar.)
Telephone Corp,-Z"""
preferred A (quar.)
b%
"
Unicri Stock'. Yards
4- 1
__
1
5-
'■-V 20c
Cincinnati
pfd.
ctfs.
arrears
Bancshares
Jamestown
4-
50c
■
(quar.),——
preferred
!
conv.
Investors Management Fund,
Investment
shares
50c
____
Paper,
4-25
-.•v-'Z-: soc
IIZZ'I
IIIIIZ
arrears
4-
75c
I.I Company, common—
preferred4 (quar,)'__J.:_.
r_.
Central, Aguirre. Assqctates (quar.)
Chadbourn. .Hosiery'-. Mills;' /common:!/—___
mV^ preferred (quar.)
preferred
pfd. dividend
pfd. dividend
$6
3-20
37 Vfec
7(/o
7%
5%
*4-15•
Case. (J.'
Chillicothe
Co.,
4-30
6 Vo
Increased quarterly
Rochester Button
"
50c
"
/
''',
Z
Inc—
3-26
3-31
ji/Z; Z 75c
Markets,
3-15
4-15
Co. of Pittsburgh—
...
Public
4-15
Z
lc
quar.)
Co
Products
Power
50c
Brothers
Burroughs Adding; Machine*.——
Bush Mfg. Co., 4Vt%' conv. pfd.' (quar.)
California Electric-Power, $3 pfd. (quar.i.
Canadian Fairbanks-Morse, 6% pfd; (quar.)r
Canadian Vickers, Ltd., 7% preferred..-—
Carter TJ. W.)
Co. (quar:)/—
•.
Food
Mfg.
50c
Bunte
Cheriry -Rivett Cb;
2
5-
(increased
Co.
1 X
.v.! 4*
1
3-20
$1
121111"-!""""^'
(quar.)
Press
Quarterly
Roberts
Co.,"lnc™~~
Material
35c
Edison Co. (quar.)
Herald-Traveler Corp. (quar.)
Boston Personal Property Trust (quar.)...
Boston Storage & Warehouse (quar.)
Brandtjen ft 'Kluge (q[har.-)__v---i.---^--Bridgsport 'H'ydrauiic (quar.)
Briggs Mfg Co. (quar,)
Brinks, Inc. : (quar.)
:
Sound
5-
50c
(quar.)
(quar.)
preferred
Illinois
4-15
!;:%•: $3
Reliance Life Insurance
3-17
I2*/aC
Bearing
Field
Oil
12(4c
!
(quar~)""~
Hoe
&
3-21
$1.25
3-31
Ball
/50C
Payable of Ree.
Share
;>i
'Lf
Holdme
When
Per
Name of Company
,
~
3-31
12
'
w«5^Preferred (quafti)
Hialeah
Race
Course
9c
Boston
<
(quar.)
20c
5-
$1.12
Boston
-
3-19
3-19
-
Baystate Corp. (quar.)——__—
Beaton & Cadwell Mfg. Co
_
Belt RR. Stockyards Co., common (quar.)...
6% preferred iquar,)_;
______
Bendix Home Appliance (irreg. >
.i.z,.
Bessemer Limestone & Cement Co.—
4% : preferred
(quar.)
Bliss (E. W.) Co. (resumed.!
;
Blum (Philip)
& Co.______—
_
Bon Ami Co., class A (quar )
.
A
Holdera
■,
^ : Share Payable of Rec.
4- 1'
3-26
"(reduced) Z<Z- 25c
f JS5c ,Z 4- 1;;::, / 3-26 /
Rubinstein, Inc., common
Class
1
"
<
«
Henciiey Machine Co., $2 class A TqutTr'F""
Higbee Company, common (quar.)
3-19
Baltimore Brick Co., 5% 1st pfd. (accum.);.
BancOhio Corp. (quar.)
....
Bank of Yorktown (N. Y.) (quar.) —
Bartgls- Brothers CO. (quar.).
*
Bathurst Power ft Paper Co., Ltd.—
Class," A
(quar.)______-
-
3-31
2
Helena
,
3-31
Paint ft Hardware (quar.)..!
Baldwin Company, 6% preferred iquar.)...r
(quar) _,..:
3-15
3-31
Badger
B
5-15
l'i
4-
5c
convertible preferred' (quar.)
Avondale Mills, $4.50 preferred (quar.).— ..
Axe-Houghton Fund,; Inc., common
.
Class
5-31.
-
Name of Company,
,•
When
Per
,
!;
4-17
37>/2c
——
$150
•
■
17'/2C
Atias
Class
5-" 1
50c-
Atlas.
Holdera
••
Payable of Rec.
50c
AUas
//
When
,
Share
;
if-..
'ii 1629
UK
THE COMMERCIAL & FINANCIAL CHRONICLE
k
50c
IV.
;
3-14
$1.31 *4
3-31
3-20
6c
3-31
3-17
$1.75
4-1
3-13*
$1.75
4-
1
3-24*
^.y
1630
THE COMMERCIAL & FINANCIAL CHRONICLE
Per-
Name of Company
Casualty Co. (quar.)
American Cigarette & Cigar, 6% pfd. (quar.)
American Cities Power & Light Corp.—
$2.75 class A
(opt. div. series)
of 1936
,>• (quar.)
Payable in cash or
^ of a
Share
of
class
stock
B
4Va%
Cyanamid Co.,
preferred (quar.)
American
Disccunt
Co.
Fork
&
Hoe
preferred
4%%
4-
3-17
$1.12 %
(quar.)
4-
3-
4-
3-20
4-
3-14
5%
Co.—
3-31
3-
Bohn Aluminum'&
4-
$1.50
25C
4-
3-12
4-
3-14*
2C
3-20
3 Va %
4-25
25c
4-15
Boston
Insurance
4-
•
3-
3
Worsted
3
Botany
$1.25
1
Boston Elevated
„
10O
American Light
;
6%
American
7%
Locomotive
Co.,
Metal
Molassses
American
News
Co.
15C
Power
& Light,
(accum.)
Radiator
&
Corp.,'1 common
i
Special
$5
pfd.
(accum.),
American
American
Thermos Bottle, 4V4%
Tobacco
Co.,
6%
/American
Water Works
preferred
(quar.)
pfd.
&
Electric—
-
7%
preferred
Arkansas
Asbestos
f1
(J.
H.)
>.
Class
Auto
,
B
5Va%
Co.,
preferred
Autocar
(
Monthly
Mfg.
$1.75
i2Vac
•
common
convertible
convertible
7%
7%
of
Bank
of
Bankers
Barber
Nev/
-
Earcalo
:
Barker
Bros,
4Va %
preferred
Iron
Bauman
Works
see
Bausch &
t
:;'P
|
|
|
|
I
&
|
Bibb
Mfg.
U 3-28
3-31
H
Co.
preferred
3-15
3-20
P
50c
4-1
4-
5V2%
1
4-
1
3-25
4-
3-25
3-10
8%c
,
"
5%
-'f
4-
1
1
2-28
4- 1
3- 5
4.15%
4-
7
2-26
4-
1
2-26
2-26
7
2Vi%
4- 7
2-26
$$1.50
4-
1
'
$40c
4-15
7 VaC
4-
93 %C
1
50C
4-
4-
4-15
4-
'
;
4-
T
3-15
%
4-
4-1
4-30
3-31
1
93%c
v
Chicago
4-15
3-25
3-20
4-
1
3-17
4-
1
1
3-13
1
^
3-19
4-15:
4-
3-10*
1-2-48
12-
250
6-11
$1.25
4-1
40o
6-
3
Class
3- 4
.P
4-21
4-
p; $1.75
4-
1
3-10
P'.'"
$1
4-
1
3-10
30c
1
4-
1
3-21
45c
4-
1
3-
25c
,
4-
$3.50
4-1
^
15c
3-31
3-31
4-,l
4-
3-14
50o
3-20
1
3-28
50C
3-
'
$1
7*
4-
1
$1
4-
1
50c
4-
1
4-
1
4-
1
3-15
3-21
-
$50C
50C
$1
$$1.50
t$i.75
$15c
$25c
$$2
43 %C
3-15
•4'
1
1
3-
7
4-
1
3-
5
4-
1
4-
1
2-28
2-28
4-
1
4-
1
3-14
3-15
3-31
3-14
3-20
50c
3-31
3-
30c
3-31
3-15
81V.C
(quar.)
50c
$1.75
7
3-31
3-15
5-
4-18
1
4-
1
2-20
50c
4-
1
4-
1
4-1
4t i
4-
$25C
4-
4-
3-10
1
$106 ;
8 A
3-10^
1
4-
1
4-1
3-10
'
(quar.)
$50c
"
Clorox
3-10
5-22
V.
3-31
/V
^
3-31
4-30
3-12
v
4-
ii;
7-1
4-1
$17 Vie
-jJ\:
4-15
4-15
3-27
5-15
$$2
$$1.25
; :
—
Colorado
v..
4-
(initial)
I
4-
$75C
,
(quar.)
Administration Co.,
l\
3-31
5-
1
4-
4-
1
Ltd.—i
$3 preferred A
(quar.),
Capital Transit Co. (quar.)_____
Capwell Sullivan & Furth Oak—
3-21
Preferred
•
Preferred
.
Preferred
(quar.)
(quar.)
(quar.)
-
1
1
4-
3-13
15c
4-
3-22
■
37 ViC
4•'
_I
37 VaC
6-:
12-
3-10
i Si.1
3-20
30^'
3-31
5-
1
VX 4- 7
4A".7
30C
5-1
4- 1
3-20
4-1
3-
4-,l
; V
3-25
30c
3-31
\
5
3-5
3-25
i
100%
f
3-18
3-18
3-14
:
60c
;
45-
4-15
6-
5-15
20c
20c
1
3-17
78-
20c
9-
20c
10-
4
6-14
7-15
V
8-15
9-15
.
20C
l;
preferred (quar.)
Co.,
■
...
i
$1.75
3-15
3-25
3-11
4-
"
62 VaC.
3-18
1
4-
•
3-15
.
4-
f
3-14
4-:'
75c
.'
..
3-14
"
$5.60
Ltd.
(s-a)
$25c
,:i 6- 3
6-
:-V
$25c
(quar.)
12-
,50C
11-
5-15
;
3-31
V;"
'
87 WC
Co.
(Boston) (quar.)
Co., 6% preferred B (quar.)
(final)
—
Fuel
&
1
4-
3-25
•
(quar.)—
&
12-15
../'
4-15
50c
v
10-15
11-15
■
1-1-48
'<
35c
(interim)
—
Sand
1
20C
:;
—....
*.
1
12-
$1.75
.
.
11-
20c
-
Stone
(initial
Iron—
.4-
$1.75
,
15c.
Electric
3-28
12 VjC
•
37 VaC..,
x
2Va%
\
(irreg.).
Alcohols, .Ltd., common
(quar.)^___
.3-28
$5c
"
3-10
4-
li
4-
1
vi 3-17
t
4- 1,1 ;:*■ 3-17
5s/o;.' i 4-24:
4-10
y;-'
(quar.)
preferred
0
3-20
1
4-15'
..
3-
4-1
10c V
37 VaC
I
4-21
3-11
4--
ii$1.50
quar.)
(stock dividend)
Ohio
J-
-
$1.25
/
—
3-20
-
a
3-31
4-15'/
•
i i
$10C
4-15
.3-3^
>3rlO:
50c
3-31
20c
^
3-31
9oc,
u •
Commonwealth
4%
vv
3-27; •'
3-10 M i
35C
preferred
3-11
4-
(Indianapolis)—
(quar.)
&
1
4-
1
$3
4-.,8
25
4-
1
11
4-
1
11
4-
1
11
t$1.5Q*
6-15
10
t
Corp.—
:
k3-l4
,
:
Southern
b'v
4' M
5-
0C
$$1.50
Loan
Commonwealth
;
>u
(quar.)
•
3-31
>
preferred (accum.)_l___
Commonwealth Water; 5 Vz %]
pfd. (quar.)
i/y
$7- preferred (quar.),.
$6 preferred (quar.),,
/'-Confederation- Life Assn.
(Toronto) (quar.)/
%
'
"/
'
$1.37%
t
,
3-21
4-
37 Vic
—
3-31
.
v
Quarterly
Connecticut
Connecticut
$3
■
Fire-insurance
Gas
preferred
&
Coke
(quar.)
Securities—
(quar.)j_^.
1
General Life Insurance (quar.),
& Pqwer Co.;, (km.)
Obnnohio, Inc.
^ 15Connecticut
•vMfraO Connecticut-Light
ll^^jj.^
,
$1.75
,
..
»
50c
1
$1.12 Va
$1.50
—
\'$l
,75c
;
1
50C
—^
$6
3-
W
3-11
4-
4-
5-10
$1.75
5-15
$1.75
8-15
8- 9
11-10
$1.75
11-15
$1.75 2-16-48 2-10-48
6-20
$3.50
If 1
Baking' Co.,/common,,
50c participating
preferred ("quar.)
Participating
8%
3
3-
;
3-14
50C
Loan
Commercial
3-14
*.4-
j
3-14
3-31
$$.37%
—
-
2-24
$37 Vic
■
—
3-14
3-31
50c
Commercial ^Credit, Co;, common
(quar.)
3.60
preferred «(quar.)
'Commercial Shearing &
Stamping—
3-20
Commonwealth Edison Co/
(quar.).—
J 3-20 Zv''Commonwealth Investment
Co. (Del.)-
4-
Co.
8-18
4-1
1
150C
^
Capital
5-15
9* 2
3-20
'
-
Cannon Shoe
6-2
:
75C
...
..
Columbus & Southern
3-14
$12c
Canadian
3-17
-
,j
Columbia Pictures
Corp.
3-14
5-
$35c
Canadian Westinghouse
Co., Ltd
(quar.).—
Wirebound Boxes, Ltd.—
•:/
Class A (this
payment clears all arrears).
Class A (quar.)
Cannon
Mills
Co
I'.;,
3-31
$75c
3-17
1
1
$1.75
Columbia
3-15
$$1.75
4-15
.
....
preferred
/
3-31
3-31
$20c
3-10
4-
' y
preferred
V
3-15
4-30
(quar.),
3-25
3-14
2%%
.——
—
$7
3-31
$$5
(quar.).
::i
••
—
Bottling (Cine.)—,
A
(quar.)
Colonial Ice
Mt
$17 Vic
Co., Ltd.^_____
3-10
20c
Plow
Collateral
4
5-31
4-15
420c
3-25
$1.12
Works, 7%
Semi-annual:
2-28
.
_<
3-14
/
,
Telephone-—
class
Colonial
:>
1
4-
'
International
;$3.50
Ltd.—
$75o
1
4-
-ii*. \1
Cockshutt
2-28
<
i e
$750 A I 4- l.
3-14
4-
$1.75
$1
/
•_
Colgate-Pa)mQlive-Peet
3-26
2-28
4-1
$250
50C
(quar.),
4
3-15
/
20c
Coca-Cola
2-28
4-1
4ia%c
<":■
3-
3-31
'3-4
81.25
$1.25
Bell
-
(quar.)_____i
"
4-1
3- 7*
3-25
30C
i_;
Coca-Cola Company
-j
.,
3-12
V
3-15
3-25
;
250
7%;:pfd.
preferred- (quar.)l
$2.50
•
$45e
1
4-1
50C
(resumed)
Co.,
Co. i (quar.)
Peabody & Co., common
7%,
.
3-12
4- 1
$18%d
Water
Coca-Cola
4-29
,j ,.$$1.75
(quar.).,
4-
750
,
Chemical
Cluett
4-29
5-22
$43%C
45c
,
,://■:/
_—_
Industries, Inc. (quar.)
Clinton
;
3-10
;'
$20c
/■/$ 25c
3-17
3-20
■
.2-28
1
$5c
•
1
(irreg.),
common
A >(quar;)
Monthly
Monthly
Monthly
V Monthly '
"Monthly.:
Monthly
Monthly —
Monthly
:
Monthly
;-s
3-18
4-
$15c
Co
Lumber
Tool,
Securities
preferred
Clinton
2-28
(quar.)..i
Railway Co.__
Western
■
2-28
4-15
-
4-
.
.
J
common
(quar.)
(quarJ
Stock dividend J
Climax Molybdenum. Co.—
■
-*
$37 %c
3-17
,
1
4-1
$31V4c
1
Cleveland Electric
Illuminating Co.—
Common, (quar.)..Tyr:.'--^..a.:::,,
3-20
4-
4-
3iy*c
f;' Cleveland-Sandusky. Brewing Corp; (irreg.).
"
3-20
(quar.).—
Industries, Ltd., cdmmon
Canadian Oil Cos.,
Ltd.',
8%
preferred (quar.)
5%
preferred (quar.)
Canadian Pacific
3-21
$1
'
4-25
$250
;
preferred (quar.)
Canadian Ingersol Rand
Pneumatic
-
$4.50
3-31
3-"31
$75c
3-20
15c
.
.
3-14*
4-15
(accum.)
7%
*
"
1
4-15
'•$30o X
Canadian General.Insurance
3-6
1
4-1
3-31
■
Class
4-15
._
Corp.,
4-
50C
50C
ClevelandBuildersBupplyCo.(quar.)_-L—
5
$15c
com. (quar.).
(quar.).—
Investment
3-20
$$1.75
Ltd.,
A
3- 6
$1.12%
—
Ltd.—■
common
Quarterly
Quarterly
Canadian
4-15
Cottons, Ltd.,
convertible class
Canadian
1
$40c
(quar.)
4-15
4-1
'
Y.)
(N.
———
"
Extra
3-13
4-
4-
-
•
.
3-14*. %
Canadian General Electric
Co., Ltd. (quar.)
Canadian General
Investment, Ltd.—
Increased quarterly
3-13
$50c
v
3-13
84 %c
'
3-
y
3* 5
4-
,—y 1
Canadian Foreign
7*
3-
1
4-
_z—
preferred (quar.)
Canadian Food Products,
3-22
4-
$1.12 Va
4-
—
6%
3-22
.
34%C
——————
A
Canadian
3-17
37 VaC
40c
X
3-10
1
$62 Vic
Canadian Converters
Co., Ltd.—
Class A (quar.)
,s
:'
7
4-30
4-
$$1.12%
(quar.)
3-20*
56y4C
""
y;
4-30
5-15
$$2
$$1,75
Canadian Celanese,
Ltd., common
$1.75 preferred (quar.),—
7%
2nd
preferred
1
5-15
130c
Canadian Car & Foundry
Co.,
Common (quar.)
r
3- 8
(quar.),
Co.
.
r,
y
(quar.)
1
$1.21
Quarterly."
.L.....w;
Citizens-Wholesale Bupply Co.-i-.
6%> preferred (quar.)
City Ice & FueU(quar.)_.i—_—
City Investing, 5V2% preferred (quar.),,
City of Paris Dry Goods—
7% 1st preferred -(quar.)
7%- 1st preferred (quar.),—
'
-7%
1st preferred (quar.)
L
^lst ' preferred^ (quar,
7% 2nd preferred (s-a)
City Stores Co,, i common (quar.) —
~
4-10
1
37 Vie
(quar.).
Participating
9
4-10
5-10
4-
common-.:
conveTtible pref
3-20
5-
Citizens
.4-10
5-10
$5C
(s-a)_i_
non-cum.
5-10
$1.06 Vi.
StarchTB^
4-1
56V4C
;
Cinzano,vLtd.; - 5 Va.% preferred" (s-a)
3-19
n"'; $20c
Trust
&
Cincinnati
3-14
5-
50c
Co.——.—
preferred (quar.
& Suburban
Quarterly^
3-10.
4-
50C
(s-a)
$1.12%
—
/■;/5 %'a preferred..(quar.)
,
"
4-
$37c
(s-a)
A
3-15
';"V 6%
3-17*
62 Vic
com.
3-15
$80
-
4-
'
3-14
3-25
3-25
•
'
.
Chickasha Cotton Oil Co.
3-28
4-
1
.3-14
Vfo
Cincinnati Gas & Electric, 4%
pfd. (quar..),
Cincinnati New Orleans & Texas Pacific
Ry-
3-17
4-
3-21
3-31
•
$1.75
V-
3-20
'
3-17
31 Vic
i
4-10 ~
$1.04
"
31 Vic
—
3-
15c
Investment
Bank
Christiana
$1.50
3-31
,
1
4-
$2C
$2.50 convertible prior' preferred (quar.).
62 VaC
V v $3 convertible preferred (quar.) ,r
75C1—
Chicagtf TchVel
Common:.: (quar.),—
lk-n
$1
7%r preference (quar.)——:
$1.75
3-14
3-31
115c
Ltd.,
Products—
-Chicago MU1 &« Lumber Co.
3-14
4•.
3-10
1
3-31
250
3-15
$1
90C
4-
5
15c
12 VaC
..
.2——_.,1—
Chesapeake & Ohio Railway Co. (quar.)
Chesebrough Mfg, Co..1 (quar.)
1*
1
20C
.
1
; 4-1
,
Chemical
3-21
I
3-10
'
——
Chef ford Master Mfgf Co^; qommon__——
5%
preferred (quar.)—
3-15
4-15
18c
w__
preferred
(quar.)
Charleston Transit
3-31
3-10
4-1
62 %6
(quar.)
—
:
: 3-20
-
•
pfd.
$2.50
prior pref.
Store
3-
3-31
$1.50
—
(quar.l
Corp.—
4Va% convertible preferred (quar.).—
Chamber of Commerce Building Corp.—
Class A
(annual)
Champion Paper St Fibre— •
$4.50 preferred
(quar.)
.Chapman ValVe- Mfg. Co. (qUar.)
2-26
4- 7
25c
<
Co.',
preferred
4% %
Chain
3-21
87 %c,
(quar.),,
Stock dividend
2-26
4-7
3-20
3-18
35c
i.
—
Century Electric Co., common.——
.
1
3-31
30c
(quar.),,—
common
(quar.)
Central Vermont Public Service—
3-15
4-
(quar.)
Participating
9
preferred
Telephone
2Vi%
——
lst-preference
60J
6-10
9-
Corp.
Power,
preferre-d
^
Is
—„
Ltd., 7% pfd.
Canadian Brew&tesf Ltd. (quar,)
Canadian Caniiers^Ltd., common
3-11
■
non-cum.
Canada
•,
p.y/3-10;;;,/
1
4-
—
Canada' Permanent Mortgage Corp.-i—
(Toronto)» (fwar.)
/
1
1
Maine
6%
'
Ltd.—^
preferred
Class B
3-15
1
710-
$1.12%
i
—
3-15
(quar.)
Packers, Ltd.—
^1.60 participating class
3-15
9
4-
3-20
-
4- 7
Canada
4-15
P
Investment
Central
r,
3-20
3-20
1
(quar.)
t
1
1
4-
.
$1
Public-Service
preferred
Certain-teed
(quar.)—.
preferred
Canada Northern Power
7%
preferred
(quar.)
7
3-14
1
5-
3-31
8%C
■:?
**
6%
3-10 P
3-
Illinois
4-
: :
4-
4-1
B
(quar.)
Canada Iron
Foundries, Ltd.,
3-20
;:y
(quar.)
Corp.,,
$4.25
3-20
3-25
32VaC
3-31
/
1st
preferred
(quar.).—
class B (quar.)
Canada Dry Ginger
Ale, common
3-15
4-
4%
3.50%
50c
5%
*"
8%C
__
Central
"
'
$1.02 Va
—
quar.)
(quar.)
3-15
4-
8%c
(increased quar.).
(quar.)
;
(increased
1st
3-17
4-
3-12
3-17
3-31
30C
3-12
4-1
$1..
$1.02%
——
Central
$$1.75
$250
3-14
3-12
1
3-12
4-21
35c
1
3-31
.4-
3-14
<r>
& Gas, com. (quar.)
preferred A (quar.)
preferred B (quar.)
Central Illinois Light, 4Va% pfd. (quar,)
3-14
4-
3
3-31
4-21
Central * Pa per Co.y--_-_i———
3-14 V V Central Patricia Gold
Mines, Ltd.—3-14
:"/■ 'tr.
Central Steel & Wire, common...
3-14
Central
15C
pfd.
4-
1
■
(quar.)
/f€bttra
7%
3-31
3-17 'V
1
(quar.)
pref.
preferred
Co.,
Camden Forge Co.,
Canada Bread Co.,
30C
(quar.),
(quar.)..
com.
conv,
M.)
3-14
3-31
5-20
T. Financial
5%
preferred (quar.)
California Water Service
;
Co.
$2
non-cum.
(A.
3-14
4-1
3-19
3-
4-1
$1.37 Va
;
3-15
*
Corp.—
(quar.)
(quar.)
I.
1
1
30c
5-20
■
1
$1.75
~
4.10%
3-20
#1:
$1.25
pfd,
3-12
4-
.
(quar.)
3-31
—
conv.
3-12
59%C
■-
pfd. A
4.75%
Process—.
25C
,v>/-
80c 2nd preferred
(quar.)
Calgary & Edmonton Corp., Ltd. (s-a)_,_—
California Packing
Corp., common (quar.),
3-10 V*
4-
...
.
...
Steel
1
$$1.50
s-a)
(quar.)
Co., 5%
$1.50
3-. 6
30o
Optical, 4%
Co., common
Hedges,
3-
——
Co.—
1
4-
25c
,
preferred
3-
4-
4-.:, 1
$1.18%
—
—
(quar.)
Common
i
"
6
4-1
4-
Franklin
4.10
3-20
Ltd.—
(quar.)
.(quar.)
(quar.),,
Corp. (quar.),
Caldwell Linen Mills, Ltd.— ■
'
5%
3-12
3-
30c
$1.75 prior preferred (quar.)
Bendix Aviation Corp
Beneficial Industrial Loan Corp.
(Deu"com~
$3.25 preferred (quar.)
&
1
4-15
$32 Vic
$60c
L.) Co., common
preferred (quar.)
(P. H.)
Byers
C.
■:*
3"3X
c:
15C
5%
preferred
(quar.),,
___I.IIIII'II
Bell Telephone Co. of
Canada (quar.)
Ben-Hur Products, Inc.—
preferred
•
1
4-
P:
RR. (quar.)
I
Packing Co. (quar.)
Belding-Corticelli, Ltd., common (quar.)
7% preferred (quar.)
Belgium Glove &
Hosiery Co. of Canada"
Ltd., common
7%
4-
3C
tl2'/2C
is
preferred
Butler
-
3-15
3-31
P>/: 7c
•,
Beech-Nut
Benson
4-
7c
pfd. (quar.)..
Foods
(quar.)
3%% convertible preferred
(quar.)..
Beatty Brothers, Ltd., class A
(quar.)
i Class B
(quar.)
Bethlfehem
f
4-
6%
>
3-15
25c
>
,
?'■
;
3-14
37 Vic
V
.
i
3-14
1
68%C
Beech Creek
i
3-15
3-31
Ludwig Bauman-—
Lomb
Beatrice
3-10
1
P 4-
50c
Bastian-Blessing Co. quar.,,.
;.i
Bates
Manufacturing Co., com. (quar.)
Bath
8
;$5 "preferred (quar.),i——_^,——„—L—
$1.29
Bucyrus-Erie Co.» common (increased)——^ ■y-'V'' 25c
y
7%
preferred
(quar.)
$1.75
Building Products Ltd. (quar.)
y $25c
■.'Bulova Watch Co., Inc. (quar.),
50c
Burlington Steel, Ltd. (quar.),
$15c
Bush Terminal
Bldgs., 7% pfd. (accum.),—
$1.25
3-20
3-31
50c
(s-a)
corp.,
preferred
4%%
1
4-
tlOc
.
(N.
Asphalt
Mfg. Co.
3-
(initial quar.)
Brunswick-Balke-Collender,
3-17
3-31
tl6c
■■.-!
___
i;
(quar.)
(quar.)
Y.)
(quar.)
Corp.
(quar.)
Co.
3-21
1
3-19
3-22
3-24
Central Hanover-Bank-& Trust Co. (N. Y.)—
-
3-21
1
4-
4-10
4-1
$1.50
■V-:
(quar.),
Central Illinois"Electric
3-31
3-M
4-1
00c
of America, common
1st preferred (quar.)
2nd preferred (quar.),,
3-20
4-
3-20
1
6-1
r
3-20
3-31
75c
I
$4.75
7%
3-10
4-1
25c
'&£■ 4Va %
York
Trust
3-17
3-12
(irreg.)
preferred
Manhattan
4-
J15c
(Joseph) & Sons——a
Bangor & Aroostook RR., 5%
pfd. (quar.).
Bangor Hydro-Electric Co., com.
(quar.).,.
7%
1st preferred
(quar.)
' 4% preferred A
(quar.)
Bank
'
3-26
Bancroft
:
3-31
3-31
56%C
__
preferred
Central
60c
(E.
3% %
3-10
3-15
(quar.)
preferred
convertible
3-28
15C
(quar.)
preferred
convertible
Central Electric & Gas,
2-28
Is
preferred
Bruce
8-27
50C
...
v
3-19
31V.C
s
Brown-Forman Distillers Corp., com.
6-27
3-12
,
Co.
7%
■
'
7
Co., Ltd.-—
Steel—
3-19
1
3-31
$1.25
common
$4 preferred (quar.)
Brown Shoe Co., $3.60
3-15
:
1
(quar,).__
...
Porcelain
v.
50c
Sons
7%
7-
5%
1*
4-
1
3-31
& 4- 1
Collieries
Baltimore
4-15
4-
Ltd.—
(quar.)
;i"
Corp. (initial),
Babbitt (B. T.), Inc.
(quar.)
Baldwin
Company
(quar.)
Ayshire
1
4-
"
...
Axelson
4-
V
.
Avon Allied
Avondale
50C
55c
County Trust CO. (s-a)
Brown-Durrell,
common
(quar.)
3-31
$$1.75
(accum.)——
(irreg.)
Celanese Corp.
4- 2
Bronx
3-18
12 %C
(Hartford) (quar.)
Co., 6% pfd. (quar.),
Products, 4% pfd. (quar.)
Mills
(monthly)
&
1
$1.50
Automobile Insurance Co.
Avery (B. F.)
4-
7- 7
$1.50
(quar.)
(resumed)
Company
3-20
3-10
$20c
common
3-14
3-14
87 Vic
Power, Ltd., class A (quar.)
British Industries Corp.
(quar.)
Bristol-Myers Co., 3%% preferred (quar.),,
Broad Street Investing (irreg;)
3-17
1
$15c
A
1
4-16 v
—
British Columbia
3-
4-15
4-
15C
,
(initial)
Finance
?
$1.25
(quar.)
.
....
,
4- 2
!
PPP":?i5C'S
pfd.
(quar.)
Engine— ■"
participating class
Participating
4-
4-1
20C
registered (s-a)
British Columbia Electric Power &
Gas Co.,
Ltd., 0% preference (quar.),
-
50
Associates Investment Co.
60
2-15
530
Class A (quar.)
Auto Fabric Products
5oc
75c
' ;;
—
—
1
30c
(quar.)
Atlas Imperial Diesel
;
Series A preferred
3-17
:
Co.,
3-20
deposit receipts for 5% pfd.
(s-a) 1
w,.:
American deposit receipts lor 5%
preferred
3- 6
-
4-
25C
Corp.—
Hardware
4
bearer
■
.:,3
50C
(quar.)
(quar.).,,
preferred
Ashland Oil &
Refining,
'
3-22
3-15
HOC
Ashdown
"'
4-
preferred
Carthage Mills, Inc., common
6%
preferred A (quar.)—
6% preferred B (quar.),.
—
(quar.)
Ltd.
Cassidy's, Ltd.,- 7%
3-20
American deposit receipts
registered (final)
■
P'3-:'8'Pp': i
1
$1.75
preferred
$6
3-25
1
—,
(increased
3- 7
4-
—
3-31
■:v,-$2
Assurance
3-14
3-27
-
4-
'-./■ft Interim
American
4-
$2.25
Co.,
Corp.,
1
75c
Gas Co.
(quar.)
$6 prior pfd. (accum.)
Arnold
Constable Corp.,,
Art Metal Construction
(quar.)
v
4-
1
3-29
$1.75
/;
Western
&
1
$1.50
.
Light,
3-20
Interim
Pv
■
.
(quar.),,
&
3-20
3-31
—
Apex Electrical Mfg. Co.—
1. 7%
prior preferred (quar.),_„
Applied Arts Corp.
(irreg.)
preferred
Arkansas Power
1
4-
6-
$1.50
s
6%
4-
53 VaC
______
Edison Co„ $5
Fuel Oil, 6%
Arkansas Natural Gas
1
$1
$2.25
pfd. (quar.)
(quar.)'___
preferred (quar.)
American
Wringer Co
'U.
Amoskeag Company, common (s-a),
$4.25 preferred
(s-a)__
Anaconda Copper Mining
Anderson-Pritchatd Oil, common...
V 4Vi% preferred (quar.)
•
Arkansas
3-21
7-
$1.75
7%
Arizona
3-14
35c i
•P"
3-31
$1.50
y:
Vancouver,
3-31
-
British-American Oil, Ltd. (quar.)
British-American Tobacco Co., Ltd.—
<
American deposit receipts
ordinary (final)
2-21
4-15
$1.50
15c.
Co.,.
Co.,
3-31
,4-15
50c
;
25C
(increased)
British-American
30c
American
Armdur
'
.
(quar.)
Woolen
3-10
2-21
$1.13
'
3-31
S
$30c
3-10
'
3-31
25C
Sugar Refining, 7% pfd., (quar.),
American Telephone &
Telegraph (quar.)
$6
1
■
4-15
!
$1.12 Vi
(increased),,
5V2 % convertible preferred
(quar.)
Bridgeport Gas Light Co. (quar.)
Brillo Mfg. Co., 6onii$on—,
$2 preferred A (quar.)
12- 5
1
4-
10c
American
American
12-15
$1.12 Va /
Insurance—
Stores
6
4-
V'
*
(quar.),
Stamping Co. (irreg.)
(Indianapolis)
9-
loc
preferred
American
9-15
$1.25
Co.* common,,
American States
6
Annual
of
Bridgeport Brass Co.,
Sanitary
Rolling Mill, 4Va%. pfd. (quar.),,
Safety Razor (quar.)
American Service Co., $3
pfd. (partic.)
American Ship Building Co
"€r 6%
6-
$1.50
Standard
American
Snuff
6-16
$1.75
(quar.)
American
American
5- 5
Distillers
3- 6
3-12
3-12
37 Vic
Cordage,
&
4-
r
20C
preferred
Brewers
3-31
1
3-20
5-15
$1.75
(quar.)
preferred
3-31
25c
'!
3-10*
3-14
3-31
::»vh
Ltfd., common (quar.),
(quar.)
Brazilian Traction Light & PoweT
Co., Ltd.—
6 %
preferred
(quar.)
3-15
1
3-15
50C
(quar.)
class A
3-15
-
3-31
30c
& Sons
Millen,
Holaere
Payable of Rec.
'/
3-28
79 Vac
.
Mills, class A
(quar.)
(increased)
preferred
(E. J.)
$1.30
3-31
4-
3-29
(quar.),,;
preferred
$6
4-15
25C
25c
_
Co..
preferred
American
•/;,
Brantford
3-13*
:—
quar.)
(bi-monthJy)
Co., 7 % pfd.
(quar.)
American
.
3-13*
1
97 Vic
"T
(increased
7%
:
1
4-
Brach
,
7%
....
Brand &
4-
$1.75
Products
American
i
4-15
35c
American Paper Goods
.
4-15
1
common
Foundry—
3.90% preferred (quar.)
American Manufacturing Co.,
'
3-
1
5-
(quar.)
American Machine &
American
1
5-
$1.75
(quar.)
preferred
4-
30c
37 Vic
(quar.)"
& Traction, common
preferred
Co.
3-31
15c
—:
Railway (quar.)
When
Share
'J??>
•
50c
(quar.)
;
—y
Carey Baxter & Kennedy (initial)—
•
25c
Formerly known as Southern Phosphate,
25c
Carey (Philip)--Mfg.,/ common
—
:
5 %
preferred (quar.)—
$1.25
:'
Carnation Co., 4%
$1
1st preferred (quar.),,,
Carolina Power & Light, common—
50C
$5
preferred
(quar.)—.—
$1.25
Carolina Telephone & Telegraph (quar.)
y-'rj $2
Carr-Cbnsolidated Biscuit (initial)
25c
Case (J. I.) Company, common
540c
7% preferred (quar.)
$1.75
I
Carriers & General Corp.—--—
5c
P
■
•;
Carborundum ""Co.
$1
(quar.),
Albany RR. Co
3-15
3-31
10C!
BrasS
preferred
Boston &
3-25
2C
(s-a)
3-20
3-31
4-15
12 %c
(quar.)—,—.
Corp. (quar.).
Booth (F. E.) Co., $3 preferred
(accum.)
Borg (George W.) Corp. (quar.)
Borg-Warner Corp., common (increased)
3-20
'
4-
4-
4-15
4-
Name of Company
v
'
i
Bobbs-Merritt
7
P,P'i
preferred
2-24
1
10c
J.)
Co.—
3-31
25c
(monthly)
Inc.
(monthly)
Tobacco
(quar.),
Co., 4Vi% pfd.
Boeing Airplane Co
'
$1.50
V
Products
In.
Brothers
1
$25C(
Bryson, common (quar.),,
Laughlin, Inc., common
convertible preferred
(quar.)
Bloch
;;
3-22
tlOc
&
4-
$1.18%
American Insurance Co. (Newark,
Sivalls
6%
50C
(quar.)
Hydraulics
3-21
4-15
$1.12%
(quar.)__
-
Home
4-
Black
V
;
_
Co., com.
4
Per
Holder»
.
Payable of Rec.
40c
Bliss &
$1.50
& Felt, common
(increased)
preferred (quar.)
preferred
(quar.)
,—,,
American Hardware Corp. .(quar.)___
American
3- 4
$1.50
2nd
American
3-17
4-
i
25c
1st
$6
4-
25c
_
When
'
Share
—
3-10
American Hair
6%
3-15
4-
Georgia——.—
(quar.),,.
preferred
3-31
Company
Bickford's, Inc.
Biltmore Hats, Ltd., common (quar.)..,—.
$1 preferred A
(quar.)Bingham Stamping Co., com. (increased)
5% convertible preferred (quar.)
Bird & Son, Inc.
(quar.)
Birmingham Electric, common
:
4.2% preferred (initial)
Black & Decker Mfg. Co.
(quar.)
12 Vic
Express Co. (quar.)
American Felt Co., 6% preferred
4Va%
Per
Name of
3-20
30c
common '(quar.)
of
American Gas & Electric
1
68 %c
——
American
American
4-
$1.50
Crystal Sugar Co., common
prior preferred (quar.),
American
Holdera
Payable ol Rec.
15c
American
5%
When
Sfiare
American
Monday, March 24, 1947
$1.50
•
9-15
10 /
$5
4-
1
14
75c
4-
1
35c
4-
1
75c
4-
1
3-
4-
1
3-20
IOC
-
3-14
:
3-20
5
<'>.'
-
Number 4579
165
Volume
Per
of Company
Name
\7
1
When
Holderi
Payable of Rec.
Share
y
:
Consolidated Bakeries of Canada, Ltd,—
•m
t25c
•'sV. Quarterly — _.
1—
'■wV' $1
Consolidated Car Heating Co. (quar.)
50c
Consolidated Cigar Corp. (quar.)
__
Consolidated Edison Co.'of N. Y., Inc.—
$1.25
8% preferred,.. (quar.)"
Consolidated Gas Electric Light & Power Co.—
90c
(Bait.) common (quar.).
$1.12%
4V2 % preferred series B (quar.)
_
$l
#4%' preferred series C (quar.i_______i__T
25c
Consolidated Grocers Corp., common (quar.)
fe;
't
4 3- 6
4- 1
;
4-15
.
Eastern
4-
1
3-15
I
3-15
4-
1
3-15
4-25
4-10
4-
3-20
1
3-28
$1
3-14
3-31
5-15
40C
2-28
•
4-15
3-18 ri
4 4- I :■
53c
4-
250
Consolidated Steel Uorp-i-—
$1.12%
X
I.
30C
3-17
,
3-14
3-31
25c
4-
t.
3-18
\
44-
'
$4.50 pfd. (quar.)
_J/
Continental Assurance Co. (Chicago) (quar.)
Continental Baking, common (quar.)
Power,
1
4-
'
Consumers
I
'• 4-
35c
•
Snare
3-14
r-
3rl4
•
6-2
1
3-14*.
*
6%
4-15
5%%
$1.37%
™_____
(N. Y.) —
Quarterly
Continental Can Co., $3.75 preferred (quar.)
Continental .Foundry & Machine, common
,5%
preferred vquar.)__
Continental Gas & Electric Corp. (reduced)
Continental Oil Co.
(Del.)
•'
933/4C
4-
1
4-
1
3-20
3-20
3-21
7^
3-21
3-20
3-31
El
5
3-
5
3-26
V
«
»/'
75C
"7 3-28 v./
>;
3-14
,
12 %c
>
3-31
3-17
NVaC-X
Electric
3nl7
1
Z
4-15
*
3-21..
3-14
2-28
General
3-20.,
4-
1
6-
1
5-10
$10c
Ltd.
4-
,
1 ■
3-25
V..-.3-:^
,:35c p
3-31
-■
(quar.)
,
Cork International
Crown
/,/
class
$1
Crown
Crown
60c
(irreg.)
4-25
4-
preferred
8%
■
Common
(quar;)
A
Common
4-; Common
4t15
•.
30C
__
Securities
5%
4 Essex-Packers,
3-31
■::;X
4-. 1;
European & North Amerioan
-
-
Evans
Corp.—
;l74
Sugar,
preferred
(quar.)
preferred
preferred
•
:
Inc.,
Press,
3%%
Drug Stores,
$4
D.
Cigar
JExtrq
50c
$25c
4- 1
3-15
3-31
3-15
8%
Decca
4 Decker
Mfg.
Dejay
&
15C
,f 3-20
4-
1
3-20
4-
1
4-
1
$1.75
7-
1
7-
1
Fund, Inc. (quar.)
Fifth Avenue Bank of N. Y.
$1.75
10-
1
10-
1
Finance Co. of
$1.75
12-23
—
(quar.)
D1
Class
4;.
District
preferred
Theatres
Doehler-Jarvis
Common
Dominion
Fields,
,
8-15
1 '
1
3-14
Foothills
4-
1
3-10
Forbes
25C
3-28
3-14
15c
3-31
3-17
15c
4-30"
4-17
$43c
Drug
7%
Co.,
Co.
4%
J 25c
(quar.)_
com.
preferred
Co.,
4-15
3-27
4-15
3-27
J25c
5-
1
3-31
6-30
t25c
8-
1
t$1.25
5-
1
8-
1
6-30
4-30
3-28
$$1.25
.
J 40c
3-31
•
$25c
preferred
1
4-
1
t25c
5-
1
4-
1
$ 25c
4-
1
3-
$$1.25
4-
4-15
:/:
•
4-
1
5%
-
5-15
'4- 1
4-15
4-
1
$1
4-15
4-
1
.
Class
3
3-13
3-19
$2.20
1
3-21
1
3-20
3-
25^*
$1.12%
3-27
4-25
4-10
1
75c
44-
1
3-14
1
fr; $1.75
25c
"
1
>•
(quar.)
1
3-20
4-15
7"'3-15
r
3-31
3-10
—
.
.'
3-10
$1.50
3-31
7
5-
M"
3-31
"v
5-
1
3-31
25c'
4-
1
3-10
4-
1 ±-
$1.50
1
3-15
1
3-15
4-1
3-
8
Glidden
1
3-
8
4%%
preferred (quar.)
Globe Wernicke Co., 7%
preferred
3-15
3-31
1
3-13
1
3-14
4-
1
$1.06 V*
3-31
93 %C
3-31
81 ViC
3-31
3-10
3-17
3-28
Extra
4-15
1
1
10-15
4-
$2.50
Bros.,
State
1
3-15
3-14
t$l
10c
8-15
8-12
Gordon
3-31
3-19
preferred
i
3-31
4-15
9-15
3-15
3-20
3-31
4-1
4-10
4-15
3-25
3-
3-25
3-18
4-
1
3-24
4-
1
3-15
4-
7
8
1
3-15
4-
4-15
3-31!
$7
.
3-15
1
3-27
3-
7
3-27
3-
7
6-
1
3-21
50c
3-
1
9-
1
8%
8-20
2-14
1
11-20
3-15
3-
4-
1
3-
4-
1
4-
5
3-17
1
3-31
3-31
3-15
1
3-24
4-
1
3-20
4-
1
3-15
preferred
1
3-15
$1.50
3-15
4- 1
; 3-15
1
3-15
3-15
1
6-16
1
9-15
3-29
3-20
4-22
3-31
4-
1
4-
1
\
3-20
3-20
.
4-
100
12%c
55C
12 %c
3-20
4-
1
3-20
4-
1
3-12
4-25
■
1
3-29
4-25
3-29
5-15
5-
1
8-15
8-
1
4-30
4-15
4-30
4-15
4-
1
3-20
4-
1
3-21
4-
1
3-21
3-31
3-31
3-
6
30c
t$L|J
3-25
3-
1
preferred (quar.)
$1.50
25c
5-
1
4-15
4-
1
3-17
4-
1
3-15
4%
3-20
4-15
3-15
4-
1
3-19
4-
1
3-19
4-
1
3-20
4-
4
3-21
5-15
5-
30C
4-15
3-20
4- 1
3- 4:
3-31
3-15
$$3.50
$62 %0
:
1
4-15
3-31
4- 1
1
$$3.75
3-30
3-31
'$750
3-31
,
4-
'
(quar.)
pfd. (quar.)
2-28
2 7
3-10 s7,
4-
2
3-10
$1.75
4-
2
3-10
$50
4- 1
.
$1.50
4-
1
3-11
50C
4-
1
3-11
$1.06%
4-
1
_
75c
4-
1
34%C
6-
2
25c
5-
$50
3-11
:
V
1
3-29
://;■
_________
H
.
7
3-16
5-16 '■;!
4-15 '
3-11
1
A 44-
1
3-18
1
f \ 3-12
4-
1
50C
4-
1
55c
4-
1
Z
$1.25
$3
}
80c
/•f/
7
7
»
3-15
4-
1
3-7
4-
7
$1.50
1
4-
25C
25C
3-15
-7/ 3-19 :•/
aZ3- 7 ;/■;
1
3-20
i;l?5-.l
$20C
Corp.,
common
Harrisburg Gas Co.,
9-
1
8-
1
12-
1
11-
I
20C
4-
1
$1
4-
1
4-1
$1.12%
$1.06 %
4-
•;
4-
3-31
1
4-21
$1.50
3-10
3-21
7
7:1"
3-18
/
ft
3-15
4-
7-
'
Steel Corp. (quar.)
Co., Ltd. (irreg.)
Hart & Cooley Co. (irreg.)
Hartford Fire Insurance Co. (quar.)
Hartman Tobacco, $3 non-cum. pfd. (quar.)
Hawley Pulp & Paper, $6 pfd. (quar.)
150
4-
1
3-21
4-
1
4-
1
<
' :
3-21
$1.25
(quar.)
/
3-10
3-31
30c
.250
>;
3-15
■
$1.25
(quar.)
4Va7c preferred
3-15
1
250
—
'7:
7:. •ii.titi ^
3-28
$1.50
7
4%% pfd. (quar.)_
j;
■
3-15'zy
$20C
(quar.)
•
/
3-15
4-
300
Alabastine (Canada)—
(quar.)
.ti
\
2-28
40c
preferred (quar.)
2nd preferred (quar.)
Battery
'
30c
Fire Insurance
Harrisburg
3-18
56 Vic
(accum.)
mill Paper Co.,
Harnischfeger
4-
7i7
(N. Y.) (quar.)_™
Hanson-Van Winkle-Munning (irreg.)
Harbison-Walker Refractories—
67c
preferred (quar.)
*
•77,7
3-15
1
3-28
$206
preferred
Hanover
Hart
3-31
$75c
preferred (quar.)
Hamilton Manufacturing Co.—
Preferential participating' (quar.)
5%
3-10
15C
■
4%%
5%
3-10
4* 1
12 %C
Z
(quar.)
Company, common
Hammer
3-12
3-24
25C
Co. (Winnipeg)—
Quarterly
Quarterly
Quarterly
Haloid
1
93 %C
Public Utilities Investment Trust
(Hartford) preferred
Guardian
Rail
Shares
Investment Trust
(Hartford) non-cum. series I preferred—
Guilford Realty Co. (Bait.), 67c pfd. (quar.)
Gulf Oil Corp. (quar.)
Special
Gulf Power Co., $6 preferred (quar.)
Gypsum Lime &
3-31
4-15
preferred
l
4-
3-31
(quar.)
6%
■j A
3-15
4-
.7 4-15
t$i
10c
$1
$15C
Guardian
7-
3-10
$40c
Western Sugar, common
1
4-1
3-10
3-28
$$1.75
Ltd.—
(quar.)__
-2nd preferred (quar.)
4-
10-
3-28
62 %C
West Saddlery Co.,
4-
4-
3-18
5c
$1.50
Tanning
Group No. 1 Oil Corp. (quar.)
Gruen
Watch (quar.)
—
Guantanamo Sugsr Co., $5 preferred (quar.)
Guaranty Trust Co. (N. Y.)
(quar.)
Guardian Investment Trust (Hartford) —
3-15
1
4-
3-2° ,7
3-18 ~K
4-
50
7
Griess-Pflcger
4-
4-
$1 7
$1.12%
;
1st preferred
5%%
3-15
4-
Ltd.—
Greenwich Water System,
3-17
4-
$1,75
5
3-12<^
3-12* j
4-
V::;
Greyhound Corp. (Del.), common (Irreg.)__
4% %
preferred (quar.)
Griesedieck Western Brewery Co., common__
5
1
4-
:
3-12
50c
(quar.)_
7%
3-31
12-
4-
4-
/
!___
preferred (quar.)
Greening (B.) Wire, Ltd.
' V
1
5-
40c
$1.25.
56 Vic
Special
3-31
(quar.)—
Power,
/'/; ■77
3-15
87 %c
•
5-27
2
preference (accum.)
Lakes
preference "A"
Great
5-20
/
4-
of Canada, Ltd.—
Great West Life Assurance
6%
/
3-15
3-29
Quarterly
4-
3-15
Co
Mines
A
Class
Great
5,
4-21
9-15
47 4-
5-30
(W. T.) Co., common—
preferred
(quar.)
Graupner (Robert), 6% preferred (quar.)___
Grayson-Robinson Stores, common (reduced)
$2.25 preferred (quar.)
Great American Insurance (quar.).__
Great Britain & Canada Investment Corp.—
Accumulated
Great Lakes Paper Co., Ltd.—
3-1
7-
10-
25C
(quar.)
Grand & Toy, Ltd,
"
6-14
$1.12%
Grant
3- 1
1
4-
y;
$1.50
Foods, Inc. (Initial)
Fisheries (quar.)
Grandview
6-14"*
10
common
Goodyear Tire & Rubber Co.
3-31
1
4-
(quar.)
(quar.)___
conv.
Ltd.,
(quar.)
Co.,
•
3-2177,7
7-
Gorton-Pew
4-15
4-
3-21
3-15
10-
(quar.)
pfd.
Stock Telegraph
Goldblatt
Golden
4%
;
-
&
Gold
7-15
1
50c
15c
preferred (quar.)_
(N. Y.) (quar.)__
common
(quar.)
Company,
/
' V
7
3-14} /
3-21
v
3-31
4-
Co., $3.50 pfd. (quar.)
Gibraltar Fire & Marine Insurance (s-a)„_
class A (quar.)
4%%
preferred (quar.)
Goebel Brewing Co. (quar.)
3-15
3-25
3-20*
25C
.
Godchaux Sugars, Inc.,
4-
3-11
3-28
$1.06 »/4
C.)
Gillette
V
•
3-28
30c
Safety Razor, $5
Glens Falls Insurance Co.
4-
3-10
25c
V
4-
'■■■•
$1.25
(s-a)
3-10
(A.
3-17
1
15C
(S. A.), preferred
Gilbert
3-17
1
5-
150
3-18
*
1
4-
3-25
Power Co.,
2
-y
4,
25C
(quar.)
(quar.)
Gerrard
4-15
——
B
Gaiinett Co., class B conv.
B
3-10
4-15
(qqar.)
(irreg.)
f
Gabriel Co., 5% convertible pfd.
5-
^
17";7
I'*
16c
3-14
56%c
50c
25c
12/2C
Class
5-15
25c
15c
1
8-
15c
Gali^ (Robert)
3-14
'
4-
--
...
5-
V
1
5-
• 10c
common
Industries
(R. E.) Co., common
4%%
convertible preferred
Fyr-Fyter, class A (quar.)_
5-21
5-15
/// 15c
2
Co., 6% preferred (quar.)—
Gait {Brass Co., Ltd.—
——
Galveston Houston Co. (quar.)
3-24
_™™
*9$l-'.25
preferred
4-
6-12
37 %C
(quar.)
3-15
75c
Funston
1
B
Class
v
7
5-
25c
(quar.)
Georgia
'
3-20
$1.50
$5 preferred (quar.)
$6
preferred
(quar.)
Gerber Products Co., ±V2% preferred (quar.)
11-
t5bc
t5 *
Frontier
1
B
Class
3-31
25c
^/zc
(quar.)
& Malting,
5-
$1.25
93%C
;
(quar.)
(quar.)
A
3-31
_
Quarterly
4-
-
Michigan—
(quar.)
Froedtert Grain
3-10*
4-17
$1
Co., class A
Brewing
A
Class
3-31
25c
25c
4 Frledman"(Louis) Realty Corp. (quar.)
4-
4-
$1.75
«.
(quar.)
Class
3-17
25c
Extra
4-15
3-10
■„
4-
$1.37%
4-
37%C
37%c
/cC
25c
J35c
(quar.)
preferred
Franklin Process Co
Fiaser Companies, Ltd.
1
75c
(quar.)
Dun & Bradstreet, Inc., 4%%
pfd;u (qu\
Duquesne Light, 5% 1st preferred (qhaf:
Duval Texas Sulphur
::
3-
7V2C
preferred (quar.)__
preferred (quar.)
common
Common
5
3-
s
1
'
7/ 7
._
Brewing Co. of
Genessee
*-15
11-15
37/2C
prior
Fox De Luxe
3-14
1
4-
(quar.)
preferred
3-
1
$25c
$$1.12%
(quar.)
—
'
$50c
7v
(s-a)
—
preferred (quar.)
4 Foster-Wheeler Corp., common.....
6% prior preferred (quar.)
6%
prior preferred (quar.)_
6% prior preferred (quar.)™
Fostoria
Pressed Steel
Foundation Co. of Canada, Ltd. (quar.)
Four-Twelve West Sixth Co
Fox
(Peter) Brewing (quar.)
Fox Ds Luxe Brewing Co. of Indiana (quar.).
6%
4-
preferred (quar.)__.
2nd convertible
I
t$1.50
20c
75c
40c
6% 1st pfd. (quar.).
Dairies, Inc., common
preferred (quar.)
Fprmica Insulation
Foster & Kleiser Co.—
6%
1
$$1.75
common
5-
Corporation
Power
3-10 7>
1
$35c
/■
(quar.)_
—1
convertible
4-.
(increased).
Foremost
3-31
4-15
J35C
—
&
3%%
2
20c
25c
50c
tl2%c
75c
*
Corp.
Foreign Light & Power,
;
'
(quar.)
(quar.)
Paper Co.,
6-20
3-17
4-
(quar.)
3-31
50c
17/2C
17%c
17%c
10c
20c
$1.183/4
40c
(quar.)
Oil & Gas, Ltd. (interim)
Wallace, $3 class A (quar.)
Machinery
4-
Linoleum
&
Food
.7
-
-
4 Follansbee"steel Corp.
7-
>—
common
Co., common
preferred' A
(quar.)
$4.50
7%
8-25
20C
(quar.)_.—____—
Dunhill International Corp.
(quar.)_
du Pont (E. I.) de Nemours & Co.—
Duke
8-15
t-16
Great
Stores,
B
$1 50
(quar.)
Chemical
-Draper
8-25
Class
,
Steel, Ltd.
Ltd.,
Co.,
preferred
Drackett
3-15
3-29
62 %C
.
Douglas & Lomason Co/ (quar.)
Dow
3-22
$1
common
Extra
$4
3-17
--
Oilcloth
Donnacona
Dow
1
3-31
25c
(initial)—_
Dominion Tar & Chemical Ltd., com. (quar.)
:<J. Common voting trust certificates (quar.)_
$1! preferred
(quar.)
Dominion Textile Co., Ltd., com.
(quar.)__
;
4-
25c
(s-a)
(quar.)—
(quar.)
.™_
Ltd.—
preferred
Glass
Doniinion
4%%
5
1-14
4-
$20
62V2C
7% pfd. (quar,)
7%
preferred (quar.)__
7%
preierred (quar.)
Flectwood-Airflow, Inc. (initial quar.)
Florida Public Utilities Co., common (quar.)
4% %
preferred (quar.)
v
Florsheim Shoe, class A
3-17
1
15C#
(quar.)
preferred (quar.) ___
Dominion Malting
Co., Ltd.,
Common, (quar.)
5 % '■ preferred
(quar.)
5%
preferred (quar.)
•;
4-
3-20
25C
4-
4c
National
Fitzsimmons
5
XU 5
11-15
50C,
7%
.
8-
8-15
50C
Dairies,
non-cum.
Dominion
.7%
5-
5-15
30c
—
Dominion Foundries &
"
3-12
56c
——_________
(quar.)
Corp.
Oil
Dominguez
5%
Corp.
Co., class A
—
Fund
shown above Is estimated.
Bank (N. Y.)
(quar.)_*_—
First National Stores, Inc. (quar.)
3-14
3-21
*
4-
.
4-
amount
♦The
First
$1
Dixie Cup
;
1
3-31
B
partic.
$3
4-
Rubber
Trust
1
4-
$3
$1
Special
&
"T" Motor Car
Giorgio Fruit, class A
1
10c
,
Diamond
3-
3-17
20c
—
preferred (quar.)
,i
Raynolds Co., class A (quar.)
Class
B
(quar.)___
Diamond Ginger Ale Co. (quar.)
,
1
&
Tire
3-21
3-21
4-15
$2
Pennsylvania (quar.)
—
Mutual
♦First
3-1
3-31
12 %C
5%
*
4-
2c
1
3-15
1
1
4-
3-20
1
4-
/
Railway Signal Co., common
preferred (quar.)_
Refractories Co
General Reinsurance Corp
!
General Telephone Corp. (increased quar.)__
General Time Instruments, com. (quar.)___
4%%
preferred (quar.)
General Tire & Rubber, 4%-% pfd. <quar.)__
3%%
preferred
(quar.)
3-15
1
8
5-10
5-24
4-15
25c
(increased quar.)
com.
7
$1.25
6%
4-15
$6
(quar.)
'-.Extra
12-23
3-14
General
3-29
25c
20c
Corp.
Enamel
3-15
4-
$1.75
(quar.)——
preferred
7%
Fidelity
1
4-
3%c
(quar.)
preferred
;
Firestone
4-
$1.12%
Detroit-Michigan Stove Co.—
5%
3-20
1
3-15
1
$4
8-30
15c
62%c
(quar.)
——
preferred (quar.)
Fenton United Cleaning & Dyeing Co.—
4-
3-15
4-25
3%%
5%
4r 1
3-15
1
General
4-
35c
Common
Ferro
%
Series N Y
—
4 Detroit Aluminum & Brass (quar.)
Detroit Gray Iron Foundry
(resumed)
Detroit International Bridge—
/Devoe
•
3-10
12 %c
;
quar.)
7%
(quar.).
Denver Dry Goods, 4%%
preferred
Deposited Bank Shares, series A
preferred
3-14
1
4-
$1.25
preferred (quar.)
preferred (quar.)
12-
$1.50
lt'c
preferred
preferred
5%
4-1
1
5-31
Feltman & Curme Shoe
&
5-15
3-31
50c
(quar.)_
(quar.)
Stores; Inc.—
Felt
50c
,
7%
Mfg.
Tarrant
3-11
-
3-31
4-
Quarterly
/;""
(quar.)
8%' preferred
-
4-15
12 %C
$5.50
$1
20c
—
Finance, ^common
Services
$1.75
5%
preferred (quar.)
Dentists Supply Co, (N. Y.) —
.7% preferred (quar.)i
7% preferred (quar.)
4
7
.
3-11
1
3-31
De Long Hook & Eye (quar.)
Denman Tire & Rubber, common (quar.)
V
Federal
4-
(quar.)_
pfd.
3-15
3-28
5c
<quar.)
Light, 4%
Inc.
Power
3-15
1
—Li
Truck
Motor
3-17
4>
15c
50c
50c
50c
—
Interim
Federal
4-
250
'
3-10
4-1
$1
—
4-10
3-31
'
87 %C
(quar.)
Co.
Stores,
Delaware
25c
(s-a)
Michigan
&
4-25
10c
Inc. -.J™™—::
(quar.)
Corp.
RR. common
preferred (quar.)L™™——
Records, Inc (quar.)
Dayton
;
Frock, Inc.„_——
Park, Inc. (quar.)
Quarterly
Quarterly
Faultless Rubber Co.
(irreg.)
Federal Bake Shops, Inc. (quar.)
Federal Fire Insurance Co. of Canada—
:t 3-20
3-31
$25c
„.™™__;
Brothers,'
Chemical
Davison
3-
3-10
V
™—
Davidson
v
.
1
2
:
4-
Fashion
1
1
3-25
General
4-
7
4-
4-
3- 8
4-
3-/7
75C
42 %c
David & Frere, Ltd.,
■:
(irreg.)™
common
3-20
3-31
Fashion
(quar.)
Mills (irreg.)—
class A (quar.)
Hosiery
-Davenport
Co.,
3-21.
3-21 '
Precision Equipment
Public Service, $6 preferred (quar.)
General
/
1
4-
3-31
(irreg.)
Corp.
Co
Creamery
3-20
1
4-
4-
$1
$4 prior pfd.
preferred-(additional)
G.
_____
1
1
(quar.)
preferred, (quar.)_
convertible 2nd preferred
$1
6-
05c
6c
2c
$1.25
50c
Co,.(quar.)
44-
$1.75
(quar.)_
(quar.)
Corp.
Corp.
Paint Corp.,
General
4-
30c
25c
(quar,)-—4-———
Printing
preferred
6%
-
3-24
4-15
5
3-20
4-
4%
;
4t19
3-17
1
4-
4-21
1
3-11
3-31
Family
4%%
.
:<
2
3-11
4-
25c
.;
4-
V
5-15. /-." .5/.'l
87 %c
—
4- 2
/v
4-15
5-
■
.7
6-18
1
4-15
3-10
1
4-1
$2.50
12%c
30c
Bearing
Fairmont
..
Railway (s-a)_
Corp.
$1
50c
General Mills, Inc., 57c preferred (quar.)__
General Motors, $5 preferred (quar.).!
$3.75
preferred (quar.)
General Outdoor Advertising, common
3-10
4-
$1.12%
7-
v..
25C
,
Publishing Co.,
prior
W.
3-19
3-20
preferred >(quar.)______
—;/$V-'
Finance Corp., .common (quar.)
35c
preferred (quar.)
SWtC
Fanny Farmer Candy Shops, Inc. (quar.)—
37%c
Farmers 8c Traders*Life Insurance Co. (Syra¬
cuse, N. Y.) (quar.)
r_™
_________
$2.50
Farrel-Birmingham Co.r;(quar.)
7—
25c
.
(quar.)
Fafnir
3-14-
1
30c
Curtlss Candy Co., $4.50 partic. pfd. (quar.)
Curtis
1
4-
$1.12%
__
Inc.
6-18
1
62%c
(quar.)
common
preferred
Fabien Textile
'-Extra
,
4-
$1.25
(quar.)
preferred
Cunningham
7-1
(quar.)
common
8-1*
T
$1
4-
(quar.)
—
Ex-Cell-O
3-18
1
$1.25
Sugar,
57o
preferred (quar.)
Cudaliy Packing Co., common
4% %
preferred (quar.)
Cuneo
4-
37 %C
common (quar,)_™_
vquar.)——
—
Atlantic
.5%
■A
$1.75
iquar.)
Cuban
'
i
$1.75
7%
7%
4
4- X 7
25c
common
Inc.,
Extra
5%
ice
Formerly known as Crum & Forster Insurance Shares
Shares
Cuban-American
-
Machinery
3-31
7
8'
3-17'
3-31
31 Vic
5c
Instrument
3-31
3-
25C
General
-
3-25
pfd. A (s-a)
General
j
3-20
20c
General
7
8
3-
3-31
(quar.)
3-21
7
4-18.
1
.4-1
40C
General Finance Corp., 57c
Common
5-
15C
.
3-21 '
1 %c
(quar.)
3-
$1.25
(quar.)_
Products Co.
Eversharp,
3-17
3-31
30c
:
(quar.)
3-17 r;
r/;
Electric Co
3-21
$1.25
$1.25
1st- pfd.
Ltd., .5%
2-21
25c
1
5c
(quar.)—
3-20-
1
(quar.)
1
75c
50c
preferred .(quar,),
preferred -tquar.)
5%
.i
'
>6-13
6-30
(quar.)
B
3-17
; // 3-14
;.. 3-31
$2
'7
__
Erie
/ 7 3-13
30c
(quar,)™-._™_™™__,i:
Forster
&
Crum
1
3-31 7
$1.25
7.7:$2
'
Fund,. Inc. ,(Qua£.)_™—
Railroad Co.,-5.y«.vpreferred
1
4-
;.4-1
$2
37 %c
Co., common
1
20c
Equity
4-
62 %C
(irreg.)
Corp.
4-
—$3.50
:7% preferred (s-pl.,^—
,
1
3-22
.
43C
4-
4-
$1.75
'7%
Empire
-
3-14*
1
4-
100
Crucible S.teel Co., 5% preferred (quar.)
Crum & Forster, 8%
preferred (quar.)_„_
...
»3-14
40c.
.
Drug Co. (s-a)
Zellerbach Corp.
(quar.)
Mfg., com. (resumed)
preferred ^Quai\)
—
Trust Co. ,(N., Y.)
(quar.)
.7. Emporium Capwell Co., common____
Z 3-21
Z\A-7/'7z
Corp.—
(accum.)
A
55C
3-21
4-1
3-24 /
$1.50
XJo^A^ypi^fexred (quay.)™_
preferred
3-
1
Fiveproofing Co., 7 ?c pfd. (quar.)__
General Industries Co.,, 5 7c pfd. (quar.)
17%c
$1.25
15c
62V2C
25c
50c
50c
Emerson Electric
7
3-31
50c
(quar.)
3%:'preferred .(quar.)
8%
3-14
$1
(quar.)
^Emerson Drug
■<
3-20
3-14
75c
25c
/
preferred (s-a)
'__™Elgin National Watch Co. (quar.)
Elliott
Co., 5-9$.< ^preferred- (quar.)
Ely & WalkerjDryiiGoodq™-^-.—™-™-™.
3-10
40c
__
preferred
67«
1
$1.50
-
-
5%
3-15
1
3-15
1
$1.75
Products
Common
3-20
v $1.50 ,/ 4-1
Controls
Refractories & AUqy? ..Corp.—
Electro
3-21
Capital
General
v.
4-
$1.50
(accum.)
1
4-
(quar.)
General Builders Supply Corp.—
5%
convertible preferred (quar.)
General Cable Corp., 47c 1st pfd. (quar.)™
4% convertible '2nd preferred (quar.)____
3-14
4-
10c
(quar.)_„__
common
Battery - (increased)
Corp.\<(quar.)
Storage
Electrical
17 %c
pfd. (quar.)
Electric
v 3-31
'25c
.
Inc.,
(accum.)—
$6 preferred
,
'
$1.50
$1.50 /> 3-31
C$owell-Collier Publishing Co.
Ferries,
prior preferred (quarj /
Power & Light, $7 pfd.
8%
4
Mfg;<. (irreg.)
&
Electric
1 Crompton. & Knowles Loom Works—
?
Co
Controller
-
4-
...
$1.31%
(quar.)
Crane Co.,
common
(increased quar.)
Creameries of America, Inc.
(quar.)
"^.Common
Auto-Lite
Electric
4-
Corp.
Bronze
75c
Manufacturing.;™™™™
-Extra
3-20*
1
50c
50c
Paso
Elder
-
3-11
;
Brewing
•General
60c
15c
$4.50
(Texas),
I
(quar.)
Corp. (increased)
Co.
Box
General
3-
3-31
$1.06%
$1.12%
(quar.)
pfd. (quar.)
Natural Gas Co., common (quar.)__
Electric
Paso
33-
$1.12%
I
Common
General
3-31
3-31
1
1
1
General American
General
participating-preferred
4Vi%
El
Electric
"
$1 preferred A__
Cory Corp.
(initial quar.)
Cottrell .(C. B.) & Sons, 8%
(Rr L.),
- 3-29
f$i
.7;,
3-
44-
75C
$4.50
9-20
Stores—
Brothers
"
(irreg.)
Cprrooa & Reynolds Corp.,
Crain
3-31-
50c
25c
■
.
;
1
50C
>
'
Co.
4-
$1.25
_
Phosphate
Edison
r.
3-25
$$1.37
preferred
(quar.)
preferred (quar.)___
American Investors—
. 7
preferred (quar.)
Transportation Corp
General Baking Co., $8 preferred (quar.)___,
6-20
3-31
15c
t25C
$$1.25
./General
k
3-11
I2%c
ordinary (increased)
Eddy Paper Co., Ltd., common (irreg.)
//^.-(Bahamas)
3-15*
12 %C
_
Continental-;United, Industries
(initial)
Cooper-Bessemer Corp-.—
,
- 7,,', •
7 .
;f." $3 prior preferred (quar.)
,
Corning Glass .Works, common
;
3%% 'Preferred (quar.) ™™__:______;
Cornell-Dabilier Electric—
$5.25 series A preferred (quar.)_
Cornell Wood Products, 6% preferred
Coronet
/ 3-14*
' 4-. 1 7'-, 3-14-7'
20C
A/"
'
4-1
* 3-14
Gemmer Mfg. Co., $3 preferred A (quar.)__
Z
3-20
3-14
3-31
(increased quar.)_
Gatineau Power Co., com.
1
3-31
/'"7
(accum.)
1st preferred
$1.6Q
9-2
12-
34%c
•:
V
3-31 •'
28 Via C
(quar.)_____
Gary (Theodore) & Co.—-
'
$5.50 preferred
(quar.)—•«.
Continental Bank & Trust Co.
preferred
4% %
7; 1
3-14.
37 %C
/
(quar.).
I Garfinckel (Julius) & Co., common
5%%
preferred (quar.)
3-14
payable 0/ Rec.
Snare
Name of Company
Holder*
When
Per
Holder*
Puyuole uj Rec.
4- 1
prior preference (quar.)
$1.12% '
4- 1
preierred (accum.)
:__
$1
Eastern Massachusetts Street Railway—
X'k'
6-16
6% 1st preferred A (quar.)
$1.50
9-15
8% 1st preierred A (quar.i_
$1.50
12-15
8% 1st preferred A (quar.)___
$1.50
5- 1
6% 1st preferred B (accum.)
$6.50
Eastern Racing Association, Inc.—
t\
' '
'
'
4-2
$2 par and no par value (quar.25b J
7- 2
$2 par and no par value (quar.)
25c
10- 2
$2 par and no par value (quar.)_
:
25c
$1 preferred (quar.)™
4-1
' : 25c
4- 1
Eastern Steamship Lines, Inc., com. (quar.)
25c
4- 1
$2 convertible preferred (quar.)
•
60c
Eastern Township Telephone Oh. (quar.)
4-15
25c
4- 1
Eastman Kodak Co., com. (Increased quar.)
4 $1.75
4- 1
preferred (quar.)
> I $1.50
3-25
Eaton-& Howard Balanced; Fund
J 20c
3-25
Eaton & Howard Stock Fund—
10c
Economic Investment Trust, Ltd
t$1.20
7 4-i 71,
Ecuadorian Corp., Ltd:-^-•>
i
f i 3-12
tl9c
Consolidated Lithograph Mfg., Ltd
Consolidated Natural Gas (increased)
Consolidated Retail Stores, common—
414 % preferred (quar.)zL.7.7__...,_
_____
-
,
5-
$1.25
preferred iquar.)™__—_™_—
Consolidated Investment Trust—
(Boston)
(irreg.) ,i..-_/™__™™_
5%
When
Per
v
$6
•
v-
X
Fuel Associates—
Gas it
,4Va%
3-31
3-31
j
//;.
■.
.
.
Name Of Company
:
.
'
.
1631'
THE COMMERCIAL & FINANCIAL CHRONICLE
3-21
$1.12%
4-15
25C
3-12
$10C
3-31
2-28
$1.25
4-
1
3-18
50c
4-
A
3-31
3-26
1
3-14
75c
4-
1
3-20^i
$1.50
4-
1
-
'7
.
■
1
V
1632
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
Name of Company
,
Hiytian
Corp.
Hazel-Atlas
of
'
,
Share
America.——
Glass
Co.
(quar.j
50c
Hemz
Heiler
(Waiter
4%
E.)
&
preferred
\bV.2%
Co.,
Motors
Ccrp,__.
Co.
3-31 "
3-17
4-
1
3-15
3-31
3-20
3-31
3-20
$1.37%
3-31
4-
1
3-
I
3-
4-
1
3-20
4-
1
3-20
$1.50
J
35c
&
Daich
Hihde
&
Dauch
Quarterly
Hines (Edw.)
Holland
_———
3-25 7
3-31 "
3-18
25C '
Furnace
Goid
l
4'A %
Mines,
Horder's,
4 Vi %-
Manufacturing
Gibson
$2.25
Corp.,
Ltd.-^-
,
-
•; f 6c
-
3-31
3-27
3-28
3-21
$1.0614
3-31
-
.
•
y"
',7 ''7.
^
•"
1
h'2-28
3-27
3-12
preferred
7
'
'66 Wc"
3-20
; 4--1
4-15
3-31
(quar.;
4-10
60c
•
Extra
4-
77
3-31
___i:
5%
5%
...
"
.•
preferred
5%
1
3-15
4-
25c
1
3-15
7 5-
'
1
:
Telephone
5
$1.25
;
Co.—
* 'i;
6-30
..
12-30
3-31
3-20
;
i
1
/
Interim
T ,' V
,
6%
/
.
..
$100 '
Ordinary
.
7
(final),.:
7V2%
Independence Shares
Independent Pneumatic
Indiana
&
■v4'/a'/(.
4%
.
non-cum;
~-V."'
;
.
5%'
class
convertible
Bank
(quar;)',
A
Interlake
..I
(quar.)_
Common
4V'a %
Metal
(quar.)-
Industries,
A
•*.
k
International
$4
International
.J
Co.,
Interstate
5%
fa
Company,
prior
Iiiterstate
Ieon Fireman
Air
7%
1%
5%
7
6%
40c
'
3-28
$1.50
4-
3-29
3-
3-
3-15
3-31
3-15
4-15
1;
1
Chute
Co.
$75C
4-15
3-15
2c
3-24
3-
7
$1
3-24
3-
7
30c
Co.
(N.
resumed)
<
Y.)
Co.,
(quar.)
"7:
___________
A
B
8-
1
Non-voting
:
4-
4-
Ltd.,
com,
preferred
'
1
1
Lux
4-
1
2-28
4-
1
2-28
.
.
4-
1
xl %%
4-
1
4-
1
50c
4-
1
$1.75"
4-
,
;
.
(increased)
Mahon
(R.
3-15
3-15
Manitoba
3-15
Mansfield
$2
3-28
-■«
Tire
&
3-14
3-14
31 %c
1
3-20
Marine
$1.0614
5-
1
!' 4-17
$1
5-
50C
.
$1.25
(quar:)
1
4-
25C
1
4-
7
4-
4-14
3-
$1.50"
>
6
1
3-
6
4-15
4-
1
tions,
Marine
3-20
,
-
_
>
:
4-
cumulative
v::
4
Miller-Wohl
.
3-25 7.
Minnesota
Power
/
1
4 Vi
'3-30
7-31
RR.
7
2
v
*
10-25
3- 8
74-14
.4-14
4-
7
3-31
$1
$2
3-31*
3-15
4-
25c
;
2-15
4-15
37'/ac
3-20
1
3-31
4-
1
30c
4-
10c
4-1
37 %c
■
7%
3-31
3-11
$2.50
3-11
Morreil
87 Vic
3-29
50c
3-31
3-15
Morris
Paper
$1.50
4-1
3-22
Moiris
Plan
Morrison
$2
4-1
3-17
25c
4-1
3-
7
7
$1.75
7%
(John)
(quar.)
&
4%%
(New
Cafeterias
3-20
$1.22%
4-1
3-20
$ 25c
4-
2
3-20
$12VaC
4-
1
3-15
4-15
3-25
4-
1
3-15
4-
1
■*
-
;7, 50c
62%c
12VaC
*
(Ky.),
Export
73- 7
4-1
3-
3-14
59 3/10c
4-
1
3-14
$1.50
4-
1
6%
8-
1
3-14
3-21
100%
4-
3
3-24
59 %C
3-30
3-15
$1.50
(quar.)
(irreg.)
3-31
3-21
;
Consolidated, Inc.—
8-15
8-
1
7
7
3-28
class
B
(irreg.).
-
-
Chemical
7
Co.
of
*
25C
3-31
(quar.)
preferred
25C
4-1
iquar.)
preferred
(quar.)
5 50C
4■
'75c
3-17
4-15
7
___________________
3-31
3-14
4-15
3-31
4-
1
3-22
3-28
3-14
7 $7.50
$$3
,,
;
(N. Y.)
(quar.)7_>
preferred {quar.)__7__
International
Marine
CommunicaLtd.r ordinary registered 4final) _i._
7 30c
Magnesium Products
Marion Water, 7%
preferred (quar.)l__l_
Maritime Telegraph &
Telephone Co., Ltd.—'
^' Common
(quar. 1
777__7_
"7% 'preferred (quar.)'7—
4-
$1.25
1
.7x5^7,
'
Mao'; 7
$1.75
,
.
t-i
I
4-
•
'■
>i
7;
Common
Common
<i/:7„'
(quar.)
--'
$1.50
.
National
Lead
.^lills,.
/•
•
'
;f
-
J
4-/1;
-;
5-15;
:3-3l
.
4-29
i
3-31!
$1
•
3-14..
4-. 17r7
3A22
..rii-'ti"!
7
2c
...
7
4-21
5-
1
8-
1
7-22
10-30
2c
10-20
7
2c
75C
3-31
3-19
50c
'
$15C
,
.C^commoh"(xiuai.7-7i~_'-r7i2y2c.
I";:':
3-25
1*7
3-
i :
3- 3
4-
$37%c
1
3-
3-31,
•5-1
A."
•
,f n.
3-17
1
4.
4-
.
$i5c :
Ltd.' (quar.)
>■
4-
4-
•
50c --;
(quar.)
,"-.S.£
3?»
>
4-151
-
L
;_.._.
3-14
-
744,1.;
H
7
50c
6% preferred B'jJXquar.n-—
i 1
fi,
.4^1,r
$1.75
preference''
National Hosiery
.
?.-.t3-i4'.
v4^15?
,
$1.50
common
,
$44c: .7
;
._7
Grocers'jCo.^Ltd.,
)-18.
3-28
j4-
?,
40C',.
$50C.
pfd.^ (quar.)_i
7'
6-19
728 :
o,28 ' 7. " 3-15
3-27.77
rl
•50c>
37%c
„
,
Welding Machine—
3-20,
f.
6-27
25C
common
National." Folding /Boxl".
..National
3-28
75c
...
(quar.)
(quar.)
(quar.).
3-3V.
23Ck7.
6%,7pfd._
"National Enameling &
Stamping (increased)
National Fire Insurance
(quar.)____l
4-t5^f^20
■.'A
Electric
Common
3-28 >3-20
•»
preferred
3-15
,
7 3-13
,9-26
V"'.;
Register (increased)
Co.,
3-20
4-
75c
37 %6.;
:
..
(quar,
City Liixes, Inc.-,^$4
National
3-20
v'^7' 7
78^20 /
(quar.)_____
(quar.)__________
(irreg.)
Corp. (increased)
2nd
«i 3-12
$1.50
$1.50
Brother
Co.
3-17
4-
$1.50
prefexred
National
,
$1T%<$;..*:
-«
$7
1.
4-i5,7;y,8-3i
^-■
$20c
'1
Cash
Casket
3-10
4-
Biscuit
National
3-15
4-1
60c1
Co.,
preferred
Straus-Duparquet; Co.„
National
I'
■:
&
8-15
4-
$1.50
(increased)
National Breweries,
Ltd., common (quar.)___
..7 %
preferred
(quar.)
3-27
20C
E.).
Mfg.
Nathan
3-27
50c
^
Nashua
National
3-10
4-15
(F.
6%
Corp.
Nash-Kelvinator
3-20
1
System,
Nachman
3-20
3-31
13 %C-
,
3-20
4-
/ 20c
Myers
3-20
1
3-31
40c
.
1
4-
3-31
50c
7—
Mutual
3-21
5-15
9-
tv
(quar.)___
preferred
6%
7
preferred
6%
3-21
.
.
3-15
6-
America—'.; 'ft 7,7-;;.
6%
3-15
$10c
j,.
4-
:;i5c
preferred
Mutual
3-14
4-15
(quar.)
<v
3-10
30c
preferred
6%
$1.07
$12 Vac
(accum.)
3-24
3-28
$1.75
(initial)
Manufacturing Corp.— 7-7
.
;
pfd.
•;.4--'l::
.
t
1
3-25
4-1
____
3-31
8-15
4-
7
50c
3-31
4-15
7
7
47 1
4-25
7:
3-
.74-r.i>
(quar.)„_
$1.75
(quar.)
$1.75
Murphy (G. C.) Co., 4% %, pfd. (quar.)
$1.18%
Murphy (R. L.) Paint Co.,'Ltd. (quar.)_
$20C
Murray Corp. of America, 4% pfd.
50c
(quar.)._
Murray-Ohio Mfg. Co._-_7_______J___L____;,;,
30C
Muskegon Piston Ring Co.______________
$4
1
15C
3-17
$2.50
pfd. <(quar.)
4-
$$1.75
3-17
31 %c
3-17
3-15
3-25
U
1
$$1.75
■
A
4-
3-
3-25
3-31
3-15
3-17
4-15
Mullins
4-15
3-15
4-15
4- 1
3-11
$1.25
3-15
4-
4-
$48c
3-
37V2c
5-io
4-
$20c
3-29
Common
common
4
3- 6
;
$55 %c
preferred
$7
3-20
3-
6-
$1.75
4-1 "7
$7
2-28
4-
$1
12 ViC
25c
1
4-
E0c
dividend)
(quar.)
Mueller Brass Co.,
new, common
7
2-28
4-
15c
—
1
4-
1 Crt
"
5
3-
4-
$1.25
7 /:
3-20
3-27
$1.62Va
37 %c
(Del.)—
3-20
3-20
62%c
preferred
Haven)
3-15*
4-15
4-1
i.
Co.": (stock
Mills,
Bank
3-15
35c
_____
preferred
3-17
3-15
1
preferred
3-10
7- 3-17
1
4-
87VaO
B
(quar.) __L__—
Drop Forging, com. iincreased quar.)
4% % convertible preferred
(quaf.)_
Moore (Wm. R.)
Dry Goods (quar.)
Moore-McCormack Lines, common
(quar.)__
3-10
:
1
1
'•.4-,;.l
-
$25c
Moore
3-15
3-31
Works (quarJ
Telegraph Co. (quar.)-i--____
Ltd.; common (quar.)
preferred A (quar.)__.
7%
.
3-22
3-15
3-31
$$1
$$1.75
;
Locomotive
I- 3-21
7 4- 4
4-
$1.50
' !;l
Corp.■,
3-21
4-15
4-
77 $1
Montreal
Moore
5
3-17
$1,257 | 4- 1
7:7
77
:
__—
Montreal
3-21
1
(quar.) _!
/
1
4i
20c
Brewery,
preferred,
3-14
7 4-
3-31
7.
20c
____,
,
.
•V;"
81
V 3-11
4-1
4-15
56%C
pfd<7-(quar.)_ ;
Sault Ste, Marie
3-14
7" 3-31 7:
15C
Light, 5%
3-14
1
4-
7%c
onm mnn
3-31
$2.50
&
3-20
4-
4-1
,
2%c
common
3-15
4-15
4-1
3-11
56%c
preierred (quar.)
(quar.)_________7——
3-17
'
45c
(increased quar.)__
3-12*
7:4-1 7
50c
;(
73- 5
1
f
7 10C X;7.
7!7' 25c
7
60c:
Chemical, $3.25 preferred A (s-a)
MAnftniQ-Dolrnfo
/, r**'';v;
Montana-Dakota TTHlifine ',' common..;:—__
Utilities,
5% preferred (quqr.)
Special ■
Montgomery Waid & Co., common (quar.)__;
$7 class A (quar.)7,.-^—__^—
'
4-10
7
7
Monsanto
3-31
$1.25
J.)
St. Paul
(irreg )
Co;
"
$3.50
3-31
4-10
3-31
4-
*
7
4-10
37Vac
50c
3-17
7 4- .1 7 !:! 3-' 5
Ltd,_(quar.)
7 ,7 $25c
Monarch Knitting,
Ltd., common (quar.)
$15c
preference (quar.)__
7 $$1.25
Monroe Auto
Equipment, 5% pfd. (quar.)__
62VaC
Monroe Chemical
Co., common____-__,____-^; V25c
1
y5-.;. 1
convertible
Molson's
.7-26.
1
1
3-12
1
73-31
$150
—
3-17
1
TiV
1
4-
20c
.■7f10c
—
7 4-25 7
5-
v
___
3-18
4-
%C
3-12
4-
50c
,
,
Minnesota
12-31
11-1
4-1
-
62%c 7-
.
& Ontario Paper
Co, (initial)
Mississippi Power Co.. $6 preferred (quar.)_
Mobile Gas Service
Corp., com, (quar.)___
4.9 %"■ preferred
(quar.)
Modern Container,
Ltd., class A (quar.)
Modern, Tool Works, Ltd. (initial)
Mohawk Rubber .Co.__-_<i_7-_—:
Mojud Hosiery Co., 5% preferred (quar.)___!
Molybdenum Corp. of America________
9-30 7
.
%
Minneapolis,
/
6-30
.
17.
6-15
3-7
—
4-49
4-30
5c
.;
Inc,,
(D.
25c
87
Co.,
Milliron's
8-
77 3-15
3- 6
7
3-22
3-27
4-30
1
3-10
—_7'_—L-—_____
3-22
5-1*
4-
3-31
pref6rreJ lqUaf.j777*-.7T
A'
1
25c
5-15
3-31
(irreg.)—,
Bxtra.:
ClasS
,
1
1
3-19
7-1
,
Products—
4-
10-31
3-20
,3-31
,
-—_—_—.—
Miller Mfg. Co., common
3-11
7
Marathon Corp.,- 5%
4-
7-
7. 3-15
5-
3-20
3-31
7 75c
35e
87Vic
^
Midwest Rubber Reclaiming—* y77"7 ';7
4Va % preferred (quar.) ——_i-
3-15
1
4-19
7
,
non:
4-
250
6%
preferred
(quar.)
Manufacturers Trust Co.
3-14
3-28
3-28
1
4-15
4-
^
Rubber—
50c
'
4-
4-
3-
.
(quar.)
Ltd.,
•;
3-21
Corp.^__._x-____i7x__J77__7__a,
Sugar,
4
5-1
(monthly)___
—
1
3-28
12-
■
4
M
7-
Co.
C.) Co., $2 class
Mahoning vCoal Railroad-
$1.75
tquar.»
2-28
50c
(quar.)
preferred
■
9-
.
•
3-31
8% preferred (quar.)
:
7;7i $2 7'
Midvale Company__^i_7—/ "77 -50c
7
Midwest Piping & Supply
'
6- 4
$10c
3-14
$1.25
6-11
4-1
:
•
Extra
2-28
$2
3-31;
4-15
4-1
50c
.
Brothers
Midland Steel
3-10
3-31
-
Macy (R. H.) & Co
Mading Diug Stores, common
55c preferred
(quar.) _____________
Magor Car
2-28
3-28
XV/4%
Joplin" Water Works,
3-15
R.)
5
75c
Publications, Inc., common
$1.50 participating
preferred..
Mack Trucks, Inc.
(irreg.)
(H.
1
25c
1.
preferred (s-a)
(M.) Sons—
preferred A (quar.)
Macmlllan
fi¬
ll-
12-11
25c
77.25c
.
5 4
8-
3-28
(quar.)
Electric
Co.
(quar.)
(quar.)7^_7__777—
—
5;
9-11
3-15
50C
25c
,
..Michigan Associated Telephone—
6%
preferred (quar.) 7
Michigan Eumper
Corp.—i—_7x-__^
Mlckeiberry's Food Products, common (quar.)
$2.40 preferred' (quar.)___-l___—
•
4-15
$1.75
non-cum
Mfg.
Michaels
4-30
25c
v
(quar._________
Clock
■■■
„
1'
3-15
'
1
10c
^
Transportation
-Metropolitan Paving Brick Co.
Miami Copper Co.
(increased)
;
" -
4-15 '
$25c'
Macfadden
3-20
1
5%
"•
200
(quar.)
(quar.)
5%
4%%
3-20
4-
xl%%
D.___
4-
4-
4-1
07%c
V
'
3-21 7,
20c
Lowney (W. M.) Co., Ltd. (quar.)____7__
Ludwig Baumann & Co.__
3-10
$17c
;
1
3-20
V
.
3-17
: •
11-15
Lowensteln
3-21
x$1.75
Jessop Steel Co., 5r/i preferred
(quar.)
Jewel Tea
Company, 4%% preferred (quainr
Johnson &
Johnson, 4% 2nd pfd. (quar.)
Johnson, Stephen & Shtnkle Shoe
Co.___:__,
Jones & Laughlin
Steel, common
5^
1
4-
(quar.)__
(quar.)
5-
;
3-14
"
4-
<
r^$lv75
r7:;x 25C-
7—___-77__77l-""—_—
Miners
3-14
,
Co., 7% preferred (quar.)
Distilling Corp., comnion_______
&
150"
5c
3-14
-
4-15
;
$3.50 preferred' (quar.)
3-24 <
1
25c
Telephone
A
1
_
Meredith Publishing Co.
—
(Del.)—
;
(quar.)
common
;
11-10
4-1
75c
,4-
.
preferred ($25) (quar.)
______________
Louisville Henderson & St.
Louis Ry. Co.—
Common (s-a)
9
50c
_
preferred
'
5-10
2
$1.50
(quar.).
preference C
preference
2
9-
15c
common—_________
Public Service,
preference
preference
6-
12-
25C
(quar.)
Manufacturing
common
Louisville Gas & Electric
5%
preferred
3-15
(quar.)
1
8-15
&
Common B
,
j
"
-
Common
,
3-15,
4-
$1.50
*
s
;
3-25
4-
25c
4-
50c
(Ind.)
3-15
3-31
4-
>
3-15
5-15
(quar.)_
Louisville
3-31
50c
:
7% pfd.
(quar.)
(quar.),
&
1
'^Mergenthaler Linotype 7____777___—_7_^.7_.
Merck & Company; com. (increased
quor.i
3-21
$250 1-31-48
—
Gas
4-
3.17
7
--—
3-10
1
3-31
3-15'
7
12 %C
77.———
3-12
3-15
76c 7
87c
(quar.)
'Stores
Merchants
'
5Cc
Inc.
(quar.)
(Marcus) Theatres, Ltd., com.
(quar.)
(quar.)
_«_7___w
Lone Star Cement
Corp. (quar.)
Longhorn Portland Cement (irreg.)________
3-14*
1
f
1
4-2
J25c
.,7
4-
1
4-
10c
(quar.)_
(quar.)
4-1
4-
.
Common
50c
preferred
Lorain
3-31
(quar;)
__7_——7—_——— _7______.
Mercantile
3-10
:
Extra::-;'Ui*77_^-777-^_^^77ig77-.7-7!_7:;'/
Lord
3-18
35c
Mesta; Machine :• Co,—
3-31
4-
3-31
(The) Company
'
5-29
8-30
11-29
3-28
& Co.'
(quar.)___7_7777ll^-7/V 7
>77l___7_----7_77___77-'7777'77t_7_7.(;V:7:
Merchants
3-28
7
.
Co.,
J
3-31
$3
Co., 6% pfd. (quar.):
Taylor (quar.)
Lorillard IP.)
Co., common (interim)
7__
7%
preferred
(quar.)
Los Angeles Transit
Lines
$1.25
quar.)
3-31
.3-15
7
4-19
class By(quar;;)7 j_.; ' 75c :
$4 pfd. (qd%r.)_
$1
-• "
'
Johnson
Extra
10-15
1
:
^
Pipe
preferred
7%
7
50c
™__
_7_
Loews
7
3-29
$1.25
'.
(quar.)_
(increased
v:(77',
3-15
$1
'
"
1
60c
(accum.)_
1
4-
_~i-_—„
Corp.
.t'
Locke Steel Chain Co.
3-14*
50c
43%c
11-
1
$$1
•
Merchants Bank of New York
7-15
3-28
(quar.)
Joint
8%
r
3-14
75c
•?'.?
Water Supply,.$5
preferred (quar.)
Jeannette Glass Co.,
common
(quar.)___
7 %
preferred
(quar.)
Jefferson
Electric
Co._
Jenkins Eros., founders
shares (increased)
-
'
3-28
Jamaica
> 7%
3-13
30c
preferred
Jamaica
1
Lock
1
______
.Manufacturing Co.
Inland Creek Coal
$G
3-13
30c
Irving Trust
Jacobs
4-
1
(Arthur Gt) & Co.,
Robbins, Inc.,
Extra
ra:'
4-15
1
•'•'4-
___________
Telephone & Telegraph
A (quar.)—
Class
Mead
9-15
5-..
8-
62y2c
B
(quar.)
6% preferred (quar,) 7——
Linen Service Corp. of
Texas, $5 pfd, (s-a)~
Lion Oil Co.
(quar.)_____
__________ 7
Lipe Rollway Corp., $1 conv. pfd.
(quar.)
Lipton (Thos), 6% preferred (quar.)___
2-18
4-
(quar.)
pfd.
:
$8%c
pfd. (quar.)__
pfd. (s-a)
Quarterly
Quarterly
Irving
3-24
4-
10-
25c
.
'
Products
common
McKee
3-20
(quar.)
7777-7——
preferred
.'.McKesson, &
3-28
pfd:
-x——7
convertible
Mengel
conv.
Loew's,
6% convertible pref. (quar.)__,
Royalty Co., common (s-a)
8\'o preferred (s-at____
:
4
3-15
1
15c
Class
7
1
Investors
'■A,:
4-15
$1
4-
(quar.)
Interstate Telephone. $7 preferred
i
3-21
.
Investment Co. of America
(quar.)_i
Investment Foundation, Ltd.—
J
3-20;
1
t$1-75
common
preferred
Hosiery Mills
1
$$1.12V2
7%
Inter-Ocean Securities, 47r>
Interstate Bakeries Corp., $5
j
3-15
4-
$10.50
V
B
Lincoln
.7^
Ltd.—
(quar.)_
Silver
'
4-15
3-10
$$1.50
^
—
Lincoln Petroleum Co.^7,
7—-7
7. Lincoln Printing Co.,
common-,—--._______
$3.50 preferred (quar.)
.x/
International Salt Co.__
International Shoe Co. (increased quar.)
'
';:'
4-
$1
common
Aircraft
Extra
$3.50
3-15
5-
;
5c
(quar.)_
___
________ ______
,.7, Quarterly
3-15;
25c
^___
Ocean Telegraph Co.
Paper Co.,
;
$40c
($5)
preferred
4-15
30c
\
;
(quar.)
preferred
(quar.)
\'lo
International
3-15
1
4-1
,
$1
.
«:"7 Quarterly
3-14-
4<l
3-12
3-25
4-
iquar.f^-777762%c
'J'
*' ■■■T'*' 'v*''''r
Stores
*
Corp.—
v*
Common (increased quar.)
_r—
3-12"
25c
Locomotive Works
Lincoln National Life Insurance Co.
2-28
3-31
•:
$37%c
$37Vic
;
____
Common
I
§
1
1
3-20 ;
(quar.)..
Lima
'
Ltd.—
(quar.)
tquar.)
Minerals & Chemical—
International
7
3-10
3J12
'
$25c
Paper, Ltd.
.7
Quarterly
4-
(quar.)
50c preferred
7
3-
.
1
6-16
Liberty Loan Corp.y class A*common____x_-.,
.•
25c
quar.)
preferred
preferred
'
4-
1
7 5-15
75-15
67,2
IOC
'
Liggett & Myers Tobacco,
3-
MCColl-Frontenac Oil, Ltd., 4To
McCord Corp., $2.50 preferred
McCrory
4-
3-31
93%c
'quar.)__—J,-T77^7_—:
3-12
3-15
——
Company
3-31
4-
3-31
2
2-28
4-
3-31
2
v
(quar.)—-—7_l.-r.___
1
77
Quarterly7_.i-L7-L'x_.---'--i;-_:_-_-.fa_-_'_~rLj.-:"
Liberty
'
f: $75c
(quar.i__
International Nickel Co. of
Canada,
7%
preferred (quar.)
1%
2
3 -18
50c
Quarterly
3-12
3-31
2%c '
(liquidating)
class
1
3-25
A____
International Match Realization—
\"3
Voting trust certificates
xt)
4-
5
3-17
.3-31
'■
Steamship Co.„___-____'____7_-;-__
y7//. 'jj. International
4-
7 $$1.25
-
International Button-Hole
Sewing Machine
;International Cellucotton Products
(quar.)__
International Harvester Co. (increased
vv.
3-
4-15-v
25c
;___
*
Powders/Ltd.—
/
(interim).^.
participating preferred (quar.)______
6%
1
3-19 7
1'7
4- 1
7,'./.'M;
;'$3712c
,
Common:
.
3-
3-10
3-20
3-20
5-15
6-
preferred
3-31
7':/V/t%
(quar.)$1.12%/:'
Lewis Brothers, Ltd.
(quar.)
$25c
"7
y;: Quarterly
$25c
,
Class
luternational Bron2e
'
*
1
3-27
-7
4-
$1.25
A..____
preferred
7
'
$1
(quar.)___
Inter-City Baking.,Ltd.
:
&
Co.,
(quar,)
3-10
3-31
6-
4-
—
2-26
3-31 :7
35c
.
'
Corp., Ltd.—
shares
group
2-26
3
4-
$1.03,/8
common
Inspiration Consolidated Copper.
Institutional Shares, Ltd.— •*
-
;
'v'7
>
2-18
4-30
40,c
<quar.;
Water Co.-—
5% preferred series
Industrial Acceptance
;
(quar,
preferred
Indianapolis
$2
•
(quar.)
Power & Light,
•
.7./. y
Tool
Michigan Eiectric—
preferred
>.J* Indianapolis
'}■
4-
(increased)
• f25c
Corp.,-trust shares^--! 5 3/l0c
.
2-18
y,
4* 3
4t4 °!c
•
Incorporated Investors
/
y^;:,
3-31
of Great Britain & Ireland—
Bonus
{.
2-18
3-31
3%
(s-ai______
A
3-31
' McClatchy Newspaper, Tfc
pfeierred, ^uah.)_ . . 43%n
,8-31
"7% preferred (quar.)l—777—7L17-7—7 43%c;,: 8-31
.7%- preferred (quar.) ___—7-7_____'—' ; -43%n
11-30
2-28
7, 25c
B
3-17
85C
4-25
_____
3-31
1
3-31
pref, "(accum.)___ 7
$75c
7%
convertible preference
(accum.)__:—
$75c
7%
convertible preference
(accum.)
$75c
Leath &
Company, common (quar.)
25c
$2.50
preferred
<quar.)_
62 Vic
,_7—7__—__
Lefcourt Realty Corp., prior
pfd. (quar,)— ;
37 Vic
Le
Roi
Co., common
7-'^7o/
4% r/t convertible preferred,
(quar;)
56 %C
Lerner. Stores Corp., common
(quar.)
s37%c,
3-31
"
preference
Imperial Tobacco
,
$20c
.
class
Class
3-25
4-21
75c
McBee
,
■
2- 5
(quar.)
VLangley's Ltd., 7 %
.
.
.
$2
3-15
v $$3.75 f 4- I
___
4-
4-
Lang (J. A.) & Sons, Ltd. (quar.)—
_-^__-7..
Langendorf United Bakeries, Inc.—
7'
•
4-
3 -17
Hrf
7 Quarterly
12-20
50c
3-15
1
4-
;
/
—
3-31
3-15
3-15
$1.75
$3 75
4-
3-15
1
7_;—4—
3-20
$1.50
9-20
.
/
3-31
4-
>
(quar.)
—
40c
—4
Power
Machine
4-
,4-1
Oil
Preferred
3-20
Sessions.Co., $2.50 pfd. (quar.)
Lamston (M.- H.)> Inc., $6 preferred
(s-a)
Landls
'■
May Department Stores, common (quar.)
$3.40 preferred (quar.) _________—7——_
,30,%
:.
(quar.).—;
Co
Co.
4-1
4-8
4- 1
3-17
3-17
1
America—"sv'»7;.
Lamson &
■f;
5
8
4-1
,
(quar.)
.Ltd.
Steel
Lambert
■"6-20
9-30
$1.18%
Co.; of
3-21
4-
—
25c
Light. Co._
St. John
$1.50
(quar.)—
4-1/
Co.—7.—7—4——77_7_^1"
Massachusetts Investors Trust
(irreg.)
28c
Mathieson Alkali Works; common__—r"77T—, 25c
7 %
preferred • (quar.) _____7_7,7-----1'--7
$1.75
Matthews (W. N.) Co., common—^
10c
3-15
3-
l4
3-31
_____7
preferred
Mascot
77
tLakey Foundry & 'Machine-^—,
3-19
$1.25
"
$4.75
preferred
(quar.;_____
Imperial Life Assurance Co. of Canada
(Toronto) (quar.)
1 imperial Tobacco Co. of
Canada, Ltd.
Ordinary (final)7
*
-
-
*'
Gas
Lake
:y 5- 1
3-29
$1.25
w
(quar.)
Commercial
-
4-16
75-15
(John)
Laclede
■
7
preferred
Illinois
Labatt
Lkcledd
•
1
3-31
,,
3-20
4-
$1.25
(quar.)
Illinois Bell Telephone
»reduced)
'■
4-
4-1
,,.
3-20
4-
'
$1
,
,
preferred
3-15
4
3-31
5614c
___>•••
preferred '(quar.)___
preferred Uquar.)
5%
.
preferred
1st
40c
.
$1.06%
3-20
3-20,
3-22
3-15
3-15
3-26
3-26
3-20
,
irV
—
15c
:
3-31
$50c
(quar.)ii^^-'':V!'>-,
57'
—
'
3-15
(quar.)—•.-_«>$1.50
1st
;
3-15
1
(quar.)_
7- $1.50
T% 2nd preferred (quar.)---->---——$1.75
3-31»K.: , i 77% .2nd preferred (quar:)_.
v
$1.75
7: 1% 2nd preferred
(quar.)—,y $1.75
3-17 7'
La France
Industries, 4 % preferred (quar.)_
20c
3-25
"-6% ,preferred''
$25 •
La Plante-Choate Mfg. Co.—
3-17
3-31
7%c
:
piexerred__________
$2.25 preferred (quar.)_^
"7 Huttig Sash & Door
^-' -
1
4-
—__—:—
; 7 ' 6%
3-31'
^
4-15
__
y-
4-
(quar.) vwi- ;'$ 1,12Va
Koppers Cc., Inc., common____—
'
7."4% ^referred (quar.)"_7_-L"_L__'______-_-;i 7.4
Kroger. CO;, 6% 1st. preferred
v
1
45c
common
20c
$1.25
V
Holden
1
4-1'
,7,7 50c7
Inc.___——-1—
Co., 4%% pfd. (quar;)_^w
Co.,' common
4-
'25c 7
(quar.),
6%
7
:
Payable of
Rec.
20c
Martin-Parry Corp. -(quar.)_i.——--7—--i
15c
Marven's, Ltd;," 5% preferred (quar.)__^___.7,■, $$1.25
Maryland Drydock Co, common (quar.)____
37 Vic
V/2% preferred (quar.)_—
$1.12%
3-14
Inc.—
f ■'"*Stock dividend
>i.i___-___--_—7-__—li
,
quar.)_
Hussman-Ligonier Co.,
Marshall-Wells
3-14
——,
Corp. _"_7—-7—
Marshall Field &
4-
7
Son,
3-15
'4-:'
—
'
Knights Life Insurance
7
3-20
1
&
3-20
Kirkland Lake Gold Mines, Ltd.
(s-a)7;:* $lc
Klein (D. Emil) C6.,";Tmr;' (quar.-)25c
*;
3-21
(M.)
1
:
7,\ 30c".
(quar.>_________ 7
$1.75
preferred
.6%
,
(irreg.)
20c
Humphreys Mfg. Co, common (quar.)
20c
"6%
preferred (quar.)
? $1.50
Huron & Erie
Mortgage (Ont.; (quar.)_:___:__7 77 $$1"
-
4-18
1
(qua*:-)
93%c
Gas, commoit_^-/..:.i..; '
50C
(quar.)
162%c
Howell Electric Motors
Hummel-Ross Fibre, 6%
" '
1
4-
_
1
5-
4*
$1.50
______
-
-
4-
■!
4&C V
■
(quar.)
3-1
3-20
^
Marsh
1
___
3-27
'•
'
;'.
Marlin-Rockwell
;
(quar.)
common
When
Share
A : (quar.)
4-
$1.75
_
4-10
5
preferred
4-
Kerr-Addison Gold Mines; Ltd.
(interim)-$3c
Kimberly-Clark Corp;, common (Increased)
^
35c
4% convertible 2nd preferred (quar.)__i._
$1
4%% preferred (quar:)——
$1.12Mi
Kingsbury Breweries Co: (quar.)v--—* 10c
King-Seeley Corp., 5%- conv. pfd.' (qiiar.)
25c
Kinney (G. R.) Co., common—25c
4-10
-
5-15
3-20
$1.50
Co.,
Monday, March 24,1947
,7'_^
Basket. Corp.,
$1.25
•—;
(George P.) Co.— h-r-'
$2 junior prior preferred (quar.)___
$5 prior preferred (quar.)
Special
3-15
'
5-15
$1.12V2 ■*
(quar.)__
preferred
Corp.—
(increased
Natural
3-15'
12c
___
—
'
3
$1
-Common
: ':<■
I
'
preferred
5%
'
1
-■4-
$ 15c
-
3-
4-
50C
•
(quarj
preferred- -(quar.)
Finance
Common
Houston
■■
3-31
•
$1
oo._L___i.—
6%
convertible
Household
;,r
i'v
3-17
.s
preferred
Houdaille-Hershey Corp.-—
••
4- 4
-
(Frank
Hotel
y:
v
'3-26
____.
—i—iu'- V ;
30c
Baking (N, J.) (quar.)d___L
$2
W.), Ltd., class A (quar.)' *$i2%c
Hoskins
>
,
4-15
Inc." (quar.i
Horner
-
2-28
Cv.-^-
preferred' (quar.j
Company,
-Horn & Hardart
•
1
7%
5-
1
$1
of Company
62V2C
(quar.)__r®L_—
Company
Co.,
5-15
4
____________________
Electrochemical
Hoover
Kawneer
3-18
4-
——>
Telephone & Telegraph (Ind.)
Honeymead Products Co. (quaxvj.;
-
4-
$5c
-Hooker
5c
50c
(quar.)—_______________
Natural' Gas
4-15
7
50c
$!'25
Kelley Island Lime & Transportation
Co;—:''77-;V';''7'
Irregular
:
/ 7 15c
7 Kelling Nut Co., 6% preferred
30c
(quar.)______ 77
Kelsey-Hayes Wheel, class A (quar.)—____
37J/2C
Kendall Company, 4VSi% preferred
(quar.)_
$1.12Va
•7 Kennecott
Copper Corp. (quar^r—'™.
'7
25c
3
25c
(quar.)L
Home
*
3-
25c t-
Co.
Co.
Reduced
.
4-75
3-31
$25c
Hollingsworth & Whitney, $4 ptd. (quar.) __
Holmes (D. H.) Co., Lod.___
_i___u__t____
Home Oil
Co., Ltd. (annualf______________
.
4-25
Market
$17c
*•'
Per
Name
Payable of Rec.
-*1
Keith
Canada, Ltd.—
_
Hollinger Consolidated
(
:
3-20
50c
—7-—
or
'
''
,
Kaynee
25c
■"
Co,__
Lumber
Ltd.—
—
Common
(quar.)
$5 preferred (quar.)
Katz Drug Co., $4.50 preferred
_
Paper
Paper Co.
preferred
Kansas-Nebraska
3-10
3-28
-50c
-
>
-—
LJi
Hinde
Ottawa,
'*'*7
A,
HolderI '
when
Share
____________
25c V
—
Hershey Creamery Co. \quar.) ___________—
Spencer, Bartleit & Co.—r
•
J
*
of
$6 preferred (quar.)
7'/c
preferred
8
'
____
5%
8
4-
Hiobard,
_
Co.
Kansas Electric Power, 5% preferred
(quar.)
Kansas Gas. & Electric Co.— *
!'• 7 7"s7
3-20
$1
$1.75
7
increased)
Monthly
Monthly
,'C.
Company
Quarterly
7_7__—_
K. W. Battery Co. , (quar.)
Kahn's (E.)
Sons Co., common____^__7_—_
3-15
1
$1
________
Powder
3-14*
4-
:
.
(quar.)__—
Hercules
1
15c
(quar.)_
—i.
(George W.) Co.,- common..—:
7%
preierred
(quar.)
Henkel-Clauss Co., $6 preferred (quar.)
Hercules
4-
91V4c r
>-
common
(quar.j
preferred
"7
Name of
JournaL Publishing
45 c
Heime
.
Per 7
v
6-10
25c
(quar.)!
*
,
6-27
_
(H, J.) Co., common
3.65ie
preferred
(quar.)
*
Holder t
Payable of Rec.
-
30c
_________«■•
Heln-Werner Motor Parts_u—
,
When
'
V
(
...
1..
;;
■
3
6
3- 7
4-14
A'p
,
'-v.'.'i-i'.o!
-■
i
:v •
■
THE COMMERCIAL & FINANCIAL CHRONICLE
165
Volume
When
•"/v Per
%
■</k r
o1 Company
Name
Shaft
"•/ -•
;
,
'J;/
Service Corp.. com., (quar.)..
National Linen
(quar. )**____,,—
preferred
National
preferred (s-a)_—
5%
3-15
7-31
8-15
7-31
—
4-
3-15
.
62yac
"/•'
%'j;
•
15C
4-1
3-
3-26
3-
6
6c
4-15
3-31
7/7' 9c
4-15
3-31
50
4-15
3-31
*
le
♦Amounts are estimates.
National Stamping/6% preferred
preferred
4i/a%
4-
1
7 4-
1
3-15
4-
1
1
3-18
5-15
5-
25c
3-28
3-14
75C
5-
1
4-16
Perfection
20C
4-
1
3-15
Permutlt
''. 25c
3-31
3-20
3-31
3-21
Pet
12C
4-15
3-31
1
1
/ 4-
1
$1.50
4-
1
3-31
$1
50c
•t
4-
3-20
Pictorial
1
3-
1
10c
3-25
10c
3-28
.
..
:
50c
3-25
3-20
$25C
1
; 3-20
4-
1
3-20
Pond
3-31
3-14
Porter
4-
(accum.)
$17 %c
—
1
Co
(quar.)
3-17
4-15
Price Bros.
3-25
2-15
Proctor
4-
5-
1
6-
2
5-15
4% preferred (quar.)
Public National Bank & Trust Co. (N. Y.)
4-
1
3-21
Public
Ohio Edison
(accum.)
$6 pfd;
Corp.,
5%
(quar.)
preferred
Ohio
Leather,
Match
Service
Ohio
$5
8
3-24
3-
8
4-
Oliver
8%
4%%
preferred
4-
4-
1
3-15
(quar.)_
H
30c
$5
preferred (quar.).
1
3-
3-31
3-
7
4-
3-20
1
3-24
3-31
$1.12%
4-15
4-30-
10c
3-31
3-10
3-31
3-10
3-31
3-14
$2
4-
1
$25c
4-
2
4-
(quar.) —
Radio
3-20
$$1.25
6%
3-14
$25c
•;:;/>
3-15
$$1.25
(quar.)
10C
Rddjo Corp
4-
lv
3-15
4-
1
3-1
-
Pacific
Industries,
Inc.,
Lighting Corp.,
Packard
Pacific
Motor
Public
Ireduced)
Common
Corporation
preferred
Paraffine
4%
f
quar.)
4-
1
3-15
4-
1
3-15
1
3-20
4-15
3-31
$1
15c
20c
$1
-
—
$1.50/
_
4-
1
4-
3-28
3-30
4-15
(initial quar.)—
Line—
-isp) Zfc'
--i
T!TrTn-Tr,
Cos.,
Inc.,
common
Paramount
—
(quar.)———————.
Pictures,
Inc. (quar.)—
15c
4-21
75C
4-10
$1.50
5-31
(quar.)*.
Bit Co
Brothers, Inc.
3-31
$1.50
4-25
3-31
3-18
3-17
Inc., common
Remington Rand,
3-31
$4.50
.
preferred (quar.)
Renfrew ^Textiles,
Recb Motprs; Inc.
7$1
4-15
e
I#
50c
3-31
3-11
i'fii
A
1
4-1
1
,
-.,.
6%
Ltd.. class A (quar.)
(increased)
93.%c
4-
1
3-10
$1.25
/ 3-31
3-20
50C
4-
1
3-14
60c
4-
1
3-15
50c
4-10
3-20
1
3-14
.7 $1.75
4-
1
3-14
$1.18%
4-
1
3-
20C
4-
1
3-20
3-30
3-17
25C
4-
(quar.)
Republic Natural Gas Co.
Republic Petroleum Co.*
(s-a)
3
6-
1
5-
3-20,
$1.25
4-
1
3-20
$1
4-
1
3-11,
1S1.06
■A'
1
4-
1
ico%;
,
J
2
8-
4-15
4-15
I
$40c
11-
40c
4-
1
$5
3-28
3-18
1
4-18
'
35C
$1.12%
4-
4-
1
3-
i:
$70
4-
5
3-
5
75C
6-30
75c
12-20
—
(quav.)
&
4-
1
2-20
40C
4-
1
3-15,
$1.25
4-
1
./v
—*
Co.
$15c
4-
1
3-
62 %c
3-31
•
—
85C
3-12!;
r
4-15
•
4-
6-1
25C
*
4-18*.
3-18
4-
1
91 'Ac
6-
1
5-14/
83 % C
4-
1
3-10
50C
;
,
3-31
Stores
:
Co.,
common**
—*_ —
15c
'■■A-
7 4-
•'
7;
3-31
$1.25
4-
s.5%
..
7
7
3-11
3-14
4-18
1
-20
/l. 20c
-18
25c
3-28
-18
35c
3-31
-21
4-
1
-22
60C
3-31
3-15
25c
4-
$1
1
3-15
59 %C
3-31
3-15
31 %C
4-1
3-20
$20c
5-
1
4-10
$$1.75
4-
1
3-10
$15c
3-31
2-128
5c
3-28
3-18
y
1
3-31
$20c
4-
1
3-31
$20c
4-
1
4-
1
Ltd.—
preferred A (accum.) —
(accum.)
Pulp Co., common
Atlantic Gas, common
$$1.25
3-
4-15
3-31
25c
5-15
4-19
10c
8
3-15
3-15
$1.25
25c
5-
4-
50C
4-
3-17
$25c
4
3-31
4-30
$50c
4-21
3-31
$50c
4-21
3-3$
25c
3-24
3-
3
3-20
15c
4-10
13%C
5-15
Y 3lV»c
3-31
3- 5
5-
1
$1.50
4-
1
3-15
$1
4-
1
3-15
75C
5-26
5-15
$1
;/■/
(quur.)
4-15
15C
& Gas—
4-
r
3-20
$1.25
(quar.)—....
4-
1
3-20
62 %c
preferred (quar.)
25c
(quar.)
$1
$2
Rico Sugar, common (quar.)—
preferred (cfaar.)
——
1
3-20
3-28
3-14
4-
1
3-17
4-
20c
——w
1
3-31
3-311
3-17
1
4-
20c
Bag & Paper—*
4-
50C
Pennsylvania Pipe Lines
"Atlantic Telegraph Co. (s-a)
California Edison, Ltd.—
■
$1.25
-
Extra
2-28
3-24
1334c
(quar.)——
Carolina Electric
4-
$30c
<
preferred
Southern Advance
4-
1
(initial)
South Penn Oil Co.
87c
3-12
4-10
4-
(quar.)
South West
3-18
1
—
Sorg Paper Co., 67*
4-67? preferred B
South
3-15
1
4-
Corp.
preferred
1
$1.25
(s-ai
'
62 %c
4-
1
*
3-17
3-15
3-15
3-15
Southern &
Southern
5-
1
15c
5-
1
4-15
60C
4-25
4-15
5%%
12 VaC
6-20
6-10
Southern
57?
'
original preferred (quar.)
preferred C (quar.)-—
California Power Co.
(auar.)
:
3-15
4-1
*—
(quar.)
,
3-19
^ r
4'
25C
•
;/•;/
4-
S1.13
$1.12%
1
'
$1.37%
preferred (quar.)
—
$2 preferred
(quar.)
Snap-On Tools Corp
Society Brand Clothes (quar.)
Solar Mfg. Corp., 55c conv. pfd. A (quar.)*
Sonotone Corp., $1.25 conv. pfd. A (quar.i —
57o
3-19
$1.75
5% preferred (quar.)
Simplicity Pattern Co., common (quar.)
5Vi% convertible preferred (quar.)
Sinclair Oil Corp. (quar.)
Skenandoa Rayon, 5%> preferred A (quar.).
5% prior preferred (quar.)
-7
Smith
(A.
O.)
Corp
Smith (L. 0.) & Corona Typewriters (quar.)
Smith (Howard) Paper Mills, Ltd.—
Common
(quar.)
South
3-31
$1.50-
Products,
Soundview
3-10
,3-19
'
preferred
B
1
3-31
5C
Optical Co. (quar.)
Railway Co
Steel
3-10
1
31V4C
3-31
'
preferred
15 c
i
12-13
50C
—_—;_*——
(quar.)
6-14.
3-31
3-12
1
3-15*
$1,283
South Porto
7
3-15*
3-31
.
4-10
3-21
25c
3-
3-31
4-10
1
7. 4- 1 /
:> 4- 1
3-211
50c
;•»
..
3-21
t25c
$$2.50
r_
'
5
3-15
3-15
4-10
1
1
87 VaC
3-
-
4-1
$1.25
25c
1
9-
12-
5-
7 jr
4-18
1
30C
3*
$40c
52 %C
3-12
37 %c
6%
>
3-31
4-
4%
4-
$40c
3-13 -
4-30
"
$1.25
Investors Fund—
preferred A (quar.)
t-6[% ■ preferred B
h
25C
preferred (quar.)
$1.60 non-cum. preferred (quar.)
Reliable Stores Corp.
(quar.)
:
Reliance Electric & Engineering, common
$2.10 convertible preferred (quar.)
Reliance Manufacturing (111.)—
3V2% conv. preferred (quar.)
2-21*
7
3-15
non-cum.
,
3-31
3-21*
Class
1
4-25
Ltd.—
preferred (quar.)
non-cum.
$1.60
3-10 '
3-10
1
25c
(initial)
partic. preference
Silverwood Western Dairies,
4-1
(quar.)
(
3-20,
'
3-25
4-
500
40c
25c
3-
4-15
7/7/
Silverwood Dairies, Ltd., class A
3-12
1
6
3-2i;
Increased
30c
.
3-
3-31
3-25
3-31
Republic
(quar.)
preferred
3-10
4-15
Corp.
$1.60
.73-15
(increased quar.) **-
4-1
3-
1
.
62'/a C
3-17
Regent Knitting Mills,
3-28
4-15
50c
$1.25
1
Roller
3-24
,
4-
.
4-
t$1.75-
preferred (quar.)
Sick's Breweries, Ltd. (quar.)
Sick's Seattle Brewing & Malting—
3-17
4- X
6
J10C-
'
7%
3-31
-
6 '
3-
t$1.50
(increased quar.)*
common (quar.)
(quar.)
Sheraton Corp. of America—
$1.25 convertible preferred (quar.)
Sherwin Williams Co. of Canada, Ltd.—
3-28
87 %C
3-
3-28
preferred A (quar.)
Seaboard Finance Co.— /
Common
(increased quar.)
Shellmar
2-28
7 5-
4-
3-28
3-31
Sharon
4-15
-
Reeves
Eastern Pipe
Panhandle
4%
3-31
3-20
(quar.)
•3-15
1
4-
50c
Telegraph—
preferred (quar.)
Page-Hersey Tubes, Ltd.
2-14
50c
4% pfd/ (quar.)
$5 preferred (quar.)
6%
Palace
12 %c
\
Car Co. (resumed)
Service Co; (increased
Pacific Telephone &
.
37 %c
i_-_l—1—i
Extra
Pathe
•
il—;
1
15C
(quar.)
Reed
(quar.)...
Indemnity Co.
Pacific
4-
3-14
$1.25
Reece
1
'
3-25
;
.
3-14
15c
Sharon
30c
3-15
10c
4-
1
3-14
50c
(irreg.)
.
i;
3-15f
"
/ $1.12 Va
$3.40 preferred (quar.)
Co., common
$3.65 preferred (quar.)
Scranton Electric, $3.35 pfd.
(quar.i
Seaboard Commercial Corp., com.
(quar.)**
Common
2-14
3-31
4-
3-25
4-
3-20
30C
Mfg.
Shuron
$1.25
1
3-20
1
3-14;
;
Sharp & Dohme, Inc
3-31
of America—
(quar.)
3-14
4-
$1.25
(quar.)
2-28
1
1st preferred
4-
$1.25
50C
2-28
50c
.
4-
$1.25
»quar.»
3-31
(stock
Corp
3-15
$1.12%
.
*
(Ed.)
4% %
Oats Co., common
preferred (quar.)
4-
4-
Scott Paper Co.,
Shaffer
50C
A 3-31
4-15
5-
$1.25
a
5-
25c
3-31
$1.75
3-14
3-20
t
(quar.)*
—
Shamrock Oil & Gas (quar.)——.—
voting
3-21
20c
,
$1.75
Realty Co., Ltd.—
6%
5-15
(quar.)
Bjleptric Railway (increased quar.). 77/;. $$1
Ottawa Light Heat & Power Co., Ltd.—
$15c
/ Common (quar.)
.
;
3-20
dividend).
One-fortieth
share of common for each share
Common
,/ 4-15
4-15
50c
1
4-
,
25C
$1.25
*
(quar.)
Ralston Purina Co., 334% preferred (quar.)_
Ralston Steel Car, 5% preferred (quar.)
Rayonier, Inc., $2 preferred (quar.)
Raytheon Mig. Co., $2.40 conv. pfd. (quar.)*
Reading Co., 4% 2nd preferred (quar.)
Real Silk Hosiery Mills, Inc.—
5% prior preferred (quar.)
*
7% preferred (quar/
Red Owl Stores, 4%% pfd. (initial quar.)
"
2-28
3-15
& Gas—
Railway Equipment &
3-15
1
5-15
3-31
Z 4-X5
3-21
.»
tl 0c
Ltd. (s-a)
Remedial
Loan
Associates,
preferred
5%
$3.50 1st preferred
Radio-Keith-Orpheum
$15c
$$1.75
preferred
\7/
3-15
$1
Quaker
Ottawa
$1.50 preference (quar.)
Pacific Can! Co; (quar.)
Pacific Gas;-& Electric
(quar.)
3-15
X-
35C
(increased)
'
6% convertible preferred (quar.)
Pure Oil Co., 5% preferred (quar.)
Purex
Corp., Ltd
Putnam
(Geo.) Fund (Boston)
(irreg.)
3-14
25c
Pacific American Investors, Inc.—
1
4-
Common
3-15
30c
^
/,
(quar.)
preferred
4-
•'
50c
Puget Sound Power & Light—
$5 prior preferred
(quar.)
Puget Sound Pulp & Timber—
5
4-
$1.50
Supply Co., Ltd.—
convertible preferred (quar.)
Ontarip Loan & Debenture Co. (quar.)
Ontario Steel Products, Ltd., com. (quar.).
7% 'preferred
(quar.).
.•-•
Oppenheim Collins & Co. (quar.)
Orange Crush, Ltd. (initial).*
Oxford
1;
Publicke.r Industries, Inc.—
of
20c
--
(cash dividend)
Participating
,;ll5 %
4-
50c
(quar.)
held
1
(quar.).*
preferred A (quar.)
preferred B (quar.)
Securities Acceptance Corp., com. (quar.)—.
5% preferred A (quar.)
—
Securities Corp. General, common (quar.) —
$6 preferred (quar.)
I $7 preferred (quar.)_*_
_.****/—'**'*_*
Seiberling Rubber, 5% pfd. A (quar.)
472%
preferred (quar.)
Selected Industries, $5.50 prior pfd. (quar.)
Servel, Inc., $4.50 preferred (quar.)
3-20
of Oklahoma—
Electric
7
3-15
(quar.)...
preferred
Original
tr
,
$1.25
Co
O'.Sullivan, Rubber Corp., common
1
41 %C
Corp., common
non-voting
Common
./V
Gc
/
Service
Common
|
conv.
4-
;
preferred (quar.)
preferred (quar.)
Publication
2-24
4-1
1%
3-21
Ontario Beauty
5%
8
97 %C
common
.
3-
1
<
Corp.,
1
4-15
Omar, Inc., common.—
6% preferred (quar.)
Omnibus
8
25c
$1.25
(final)
Ribbon & Carbon
Corp.,
3-
-
3-21
40C
quarterly
Increased
$5
1
Colony
Old Town
Public
3-14
1
Insurance (quar.)—
Old Line Life Insurance Co. of AmericaOld
3-10
4-
preferred (quar.)
preferred
"4%
3-11
1
4-
$1
58 V3c
(monthly)
(monthly)
(monthly)
Public Service Co.
1
4-
4-
;—
preferred
3-17
3fc 5
(monthly)___
preferred
6%
3-31
/.
50c
Holding—
Service
Water
1
3-15
Corp. of New Jersey—
(increased)
Common
2-25
.
3.90%
1
4-
Service
Public
3-20
•(
1
3-
Tube—
non-cum.
Ohio
preferred
>$1.12%
$1.25
—•
preferred
prior
preferred
4-1
75c
(quar.)__
(quar.)
Seamless
$1.75
6 7c
5%
$1.10
Co..
Ohio Public Service,
Ohio
3-15
3-24
$1.50
*
preferred
4-
J50C
5%
3-14
4-
$50c
50c
3-15
4-
5
$2.50
(quar.)~ZZ
Co.
RR.
Colorado—
of
Co.
1
'
common
preferred
$5
Ohio
4-
10c
Worcester
1
7 $1.50
3-19
Gas
Paper, Ltd.,
4-1
75c
Co., common
preferred
(quar.)
Co., 4%% preferred
Finance
3-28
4-15
Quarterly
(increased)
Water
20c
Providence
Service
7
4-
5%
Scovill
3-25*
4-15
4-
■J
—
(s-a)
Schuster
3-15
$1.25
Providence
•
7 3-13; 7
1
5-
$$3
3-28
50c
preferred—
Francisco
San
1
3-14
10c
$1.25
Sangamo Electric Co. (increased)
Savannah & Atlanta Railway Co.—
3-20
X
4-
$2
3-12
50c
4-
4-15
vi.
3-12
$25c
3-13
preferred (quar.)
>: 4-15
4-
4- X 7
56 %C
(increased
3-21
'
3-20
$1 %c
(quar/
(quar.)___
pfd.
Ltd.
I
$2
$$1.50
3-20
4-15
1
3-11
Semi-annual
4-15
;
3-14
1
50c
(quar.)
(irreg.)
non-cum.
Ltd.
25C
:
;f
40c
/•
60c
1
•
B
3-15
(quar.)
1
Co.—
RR.
3-25
$75c
1
4-
(quar.)
common
San Jcse Water Works
1
%C/
$1.12%
3-15
2-267
4-
Antonio Gold Mines,
San
3-20
4- 1
12 %c
4-
&
A
4-10
$$1.50
"3-26
75C
t62%C
preferred
St/Regis Paper—
7
4.40% 1st preferred A
3-20
15C
4-
7io
Worcester
Mines,
2-17
1
62 %c
preferred
& Co., Ltd.
Gamble, 8%
3-15
,
,
$1.50
(quar.)
conv.
5%
3-17
.
9-15 '
$1.75
Safeway Stores,
3-17
?
6-14
(irreg.)
Co.
Industries Ltd.,
Common
7
1
i
preferred
(The)
3-22
17;
■4-
50c
4-
22
3-24
37 %C
250
Provincial
3-24
(quar.)
Products
Dome
4-
62 %C
62 %C
preferred f quar.) *_~——
Light/4; Power, Ltd. (quar.) —
Novadel-Agene Corp. (quar.)**
—
Ogilvie Flour Mills, Ltd., common (quar.)„
Ohio Brass, common A
(increased)
Cities
&
3-26
62 VaC
93 %C
_—
_
&
East
Preston
1
4-25
4-18
25C
Co..
4'At%
1
4-18
17 VaC
(quar.)
(increased)
Pressed Steel Car Co.,
8
X
4-
5c
Prophet (Fred B.) Co. (increased)
Prosperity Co., 5% preferred (quar.)
common
Scotia
4.40%
3-
4-
50c
(quar.)
6%/non-cum parttc.
Prentiss-Wabers
3-15
.
X
50c
(quar.).*
Pratt & Lambert, Inc.
650
;
8%
Common
-
37 %c
quar.)
Style Industries (irreg.) ____
Corp of- Canada, Ltd.—
80
35c
(reduced) —
$2.50 convertible preferred (quar.)
Northwestern Public Service, com (resumed)
4%%
preferred (initial quar.)
Northwestern States Portland Cement—
Norwich
4-
;
*
3
/ 7-21
1
Lines—
Northwestern Leather,
Quarterly
1
Works
Greyhound
preferred
$3.75
84-
$3.50
Co.____
Natural Gas
Northland
pfd.
3-
1 '
3-24
4-
(quar.)uiZZ
common
1st preferred
6%
4-
Co.,
preferred
5%
Power
Co.,
Co.
Pocahontas
K.)
(H.
4-15
$1
Corp./ 5%
Creek
Portls
3-24
1
26C
Engineering
Northern
Ohio
6
4-
50c
guaranteed (s-a)__
7%
Ltd.,
Oil,
Texas
Northern
Ohio
3-
$1
(quar/.Z!"
1st pfd. (quar.)
$2.50 2nd preferred
(quar.)
Pollock's Inc., 6% preferred
(quar.)..
Polaroid
4-21
7-
l6> l
/•
preferred (quar,)**—_*—*_
Inc.k common (quar.).
5%
7 3-15
preferred
(quar.)
Safety Car Heating & Lighting (quar.)
3- 7
Saguenay Power Co., Ltd.—
4- X
4V4% preferred (quar.)
3-17
-:,5 St. Helen's Pulp & Paper (stock dividend)*
3-15
St. Joseph Light & Power, 5% pfd. (quar.)*
3-17
St Lawrence Corp., ;Ltd.-—
3-17
4% class A convertible preferred (accum.)
3-31
St. Lawrence Paper Mills Co., Ltd.—;
3-31
6%
preferred (accum.)
•
3-7*
St. Louis Rocky Mountain & Pacific Co.—
;4%
3-15
(quar.)„
com.
common
(Jacob), 4J/a%
Russell
1
$1.75
/
—*
Corp.,
,7 7%; preferred (quar.)
S. & W. Fine Foods, Inc.—
3-10
15C
;
Mfg.
Atwood
7
15C
Plymouth Oil Co. (quar.)...
Pneumatic Scale, Ltd., .7% preferred
3-31
4-1
(quar.)
Inc.
&
30c /
Co
Gas
Shore
Star
Nova
'
4-10
shares held
100
North Carolina RR., 7%
North
$1.50
(quar.)
(stock dividend)—
Gas & Electric
Pacific
for each
common
North
X
20c
(quar.)IZZZ
3-11
1
Corp.—
preferred
of
share
Nprth
4-
60C
North American Co., com.
1
8
Plymouth Cordage Co., common
Employees Special Stock (quar.)
3-15
.——-——
American Car
One
3-10
4^
Plume
'•4-1
Industries
convertible
$2
4-1
$1.75
20c
Noblitt-Sparks
North
$1.75
7%
7
3-15
8-10
Plough,
93%C
(quar.)————
Co;
File
Extra
■
1
4-
7
(
9-15.
4-
/
—
Ruberoid
7 3-25
75c
Corp.,
convertible
Ruppert
25C
4-15
3-14
4-
30C
6-14
1
$1.75
Royal Crown Bottling Co. of Louisville—
6% participating preferred (quar.)
11 %C
4'<j%
3-15
1
Cable
4%
50c
7-1
10-
&
Extra
9334c
10c
1
4-
$1.06 y* 7
62V2C
Z"ZIZZ
1
$1
;
5%
"■ 3-15
$1.75
preferred series A (quar.)
Co., 57? preferred (quar.)
prior preference (quar.)
series A preferred (quar.)
Rome
(quar.)" 7
(Hartford)
4-
3-10
,
Nicholson
Co.
5-
3-19
1
50C !
250
4-15
1
(quar.)
(quar.)
Mills, Ltd.
Telephone
Rockwoori
5%
1
4-
$1.75
1st
$1
30O
ZZZZZZZ
(quar/
preferred (quar.)___.
Z
Pittsburgh Plate Glass
_
Pittsburgh Screw & Bolt Corp.—
"
Increased quarterly
;
Pillsbury Mills, Inc., $4 preferred
Pittsfieid Coal Gas Co.
(quar.)
Planters Nut & Chocolate (initial
-
4-
93 %C
$1.12%
Common
3-15
3-14
-
3-29
__
Rochester
,
5-
(quar.)
Cotton
Robinson
,
50c
(increased).**—
preferred
3-10
3-20;
3-15
3-31
25c
pfd.
(quar.)—
common
•'$2.50 preferred
$1.25
preferred "(quar*)"
Pittsburgh Bessemer & Lake Erie RR. (s-a)
Pittsburgh Forgings Co
Z
Pittsburgh Ft. Wayne & Chicago Railway-
3-15
3-25
250 /
..
$1.50 '
Package
Paper
Piper Aircraft,
3-22
93 %c
Co., common (increased)
(J. J.)
5
3fc15.
1
4-
$1,18%
preferred (quar.)
Newport -Electric '.Corp.—-: * 7 ' / * •
3%% preferred
Newport Industries, Inc., com. (increased)*
4
4%% ■}preferred (quar.)'
Newark Telephone (Ohio) —
V 6 %
preferred ^ (<iuar.)
Niagara Wire Weaving, Ltd. (quar.)—'
!
Z"""
Pierce Governor
$1.75
'3% %
ZZZZZZZZ
(quar )
r
Mills—
Si!k
Common
,
,
$1.75
:
.
Robertson
250
1
50c
**.i
partlc. preferred A (quar.)
(P.
L.)
Mfg. Co., Ltd.—
$2
$1.06 Va
4-
;
(quar.)*.
Products
convertible
Riverside
$1.06 V*
3-20*
1
7c
Works/ 67o
Water
Company,
5%
,
25c
ZZZ"
common
Insurance
1
4-
York
Newberry
3-10
1
500
State Electric & Gas—
3%% preferred (initial quar.)
New York Trust Co. .(quar.)
(quar.).Z
1
4-
(increased quar.)
Co.
Bros.
Metal
Ritter
$2c
(quar.).
Transportation Co.—
5%
*
preferred (quar.)__
Philco Corp., 3%% preferred A (quarJ
4-
Interim /
New
preference
Rieke
15c
.
2nd
4-
Corp
Honduras Rosario Mining Co.—
New York &
Mines, Ltd.
$1
22 VaC
City. Omnibus
New- York
—ZZZZZZZZZZZZ"
4-
90c
Insurance—
Richfield Oil Corp.
Richmond
37 Vic
(quar)
preferred (quar.)____L
Phoenix
~j.————.
*
Co.
3-15
Dry
Richman
Philadelphia Suburban
1
4-
Stove
;
Sf
20c
,
Philadelphia Dairy Products Co., inc —
$4.50 1st preferred
(quar.)
$4 non-cum. 2nd preferred (quar.ZZZZZZZZ
Philadelphia Electric Co., common
3-10
$1
_
preferred (quar.)
Brewing Co
Philadelphia Co., $6 preference
$5 preference
(quar.)..^
3-21
$1.25 7
preferred (accum.)—
England Telephone & TelegraphReduced quarterly
:
New England Water Light & Power Assn.—
<>% preferred
New Hampshire Fire Insurance—
Increased quarterly
New Haven Clock & Watch Co.— *
,,,/
T 4Vs% convertible preferred (quar.)
New "Jersey Power & Light, 4% pfd, (quar.)
New London Northern RR. Co. (quar.)
New Orleans Public Service—
4%%
preferred
(quar.)*
New York Auction Co. (quar;.)*****.*—.—
6%
$1
tl
3-15
1
$1.37 %
7% 2nd preferred (quar.)^**..m..*/...***^
7% 2nd preferred (quar.)**i
$1.75
1
1
4-
'.
//.-■ 7% 2nd preferred (quar.)**.
400
__
Pfeiffer
3-21
New
$1.25
7%
4-10
:
54-
10c
'
1st
7%
•
1
$1.31 V*
Goods, common (quar.)^
preferred (quar.)
1st
preferred
(quar.) *—i*_***__*._
1st jtreferred (quar,)
7%
•—»
Work^'7%'"prifeTrcd""(qua'rZ7Z ;
Corp., new common (initial)
Company, common
4(4%
3-15
50C
Rice-Stix
.a/
$1-50.
V
*
;
Island
'
3-10
12 %c
(quar.)
(quar.)
Bros,
7
3-10
7.4- 2
3-10
4-
-7/,- /•"//
Inc.—
Brass,
Extra
Rhode
$1
Company
Milk
4(4%
3-15
•7 4-
$1.50
'
pfd.'TquarT
pfd. (quar)~
&
(quar.)„Z*Z
A
Reynolds Metals, 5Vi% conv. pfd. (quar.)**
Reynolds (R. J.) Tobcoco, 3.60% pfd. (quar.)
Rhirielander Paper Co. (quar.)
*.
(irreg.)
Co.
...
nfte,r
Circle
Perfect
3-17
1
4-
-
Reymer
11*111111
Water & Power Co
Extra
5
4-
"
&
3-10
2
,4- 1
25c
zqq
preference
preferred
Holders
Payable of Rec/
25c
common
1***
Copper
5 Va %
7-
State Water, $7
Telephone, $3.10
Perron Geld
50c
12c
\/;
..
4-1
25C
Revere
~—
:i
(qUar.)
preferred
Corp.,
convertible
6%
preferred (quar.IZIIIZIII""
Peoples Drug Stores. Inc. (quar.)
_ZZZZ
Peoples Gas Light & Coke (quar.)
3-18
"
'
$5
53V8C 7
Co; (s-a)
Nehi Corporation (quar.)
—__*
Nekoosa-Edwards Paper Co." (quar.)
New Britain
Machine—
.
___
New Brunswick Telephone
(quar.)
New England Fire Insurance (quav.)___
New England Laundries, Inc.,1 com. resumed)
$6 preferred (quar.)
New England
Power Association—
$2 preferred (accum.)
RR.
$1. convertible
Republic Steel
quar.)
(quar.).
Coi'P.-»
Extra
Q: Common (quar.)
3-17
4-
$1.12%
(quar.)**
Naugatuck Water
Extra
,3-20
$1
preferred (accum.)
Pennsylvania
Pennsylvania
Pennsylvania
Pennsylvania
3-15
4-15
40c
(quar.
National Tea Co., 4%% preferred
National Terminals Corp.__~^---
/
■
Share
6f Ct/wpany
Republic Pictures
■
y6 preferred (quar.)...^
50C
$37 %C
preferred
Name
'
4-25
ennsylvania Power & Light Co., common
4-
v:
.30c
(s-a)
National-Standard Co. (quar.)**
National Steel Car, Ltd. (quar.}***.*******
National Sugar Refining—
National Supply, • $2
5%
(increased
K'.
3-15
>
Common
1
3-18.;
/
ing Annuities, (quar.).
Penney (J. C.) Company (quar.)
Pennsylvania Forge Corp...
Pennsylvania Glass Sand Corp,— "
.
3
250
5-
.When
Per
Payable of Rec.
Lives" &~Gran~t-
r.Penn. Co. for Insurances on
v
Holders
When
Share
Parker (S., C.)/& Co., 40c pfd. (quar.)
Parmelee Transportation
(quar.)
Fenirt'Slliav Telephone Co. (quar
3-25
8-15
4-
40c
Machinery Co. (quar.)
Rubber
•l.Hnnol
1
3-31
$1.25
.
Per
Name of Company
•0-15
$1.25
Radi&tor Co.*._*._._***____*_****
National
UA-T?
10c
V
Cooker Co. (increased) __
National pressure
H older»
Payable of Rec.
11.12%
_*
Products
_L_-**_*—
Paper & Type Co., 5% pfd. (s-a) __
National Oil
1633
HV''
,
37 VaC
4-15
3-20
343/«c
4-15
3-20
250
5-15
4-18
T.*
THE COMMERCIAL & FINANCIAL CHRONICLE
1634
Per
Name 0} Company
Common
:
r,
6%
,
Power
Co.—
■'!,
$25C
5-15
preferred
$$1.50
(quar.)_.
(Durham,
,
4-15
3-20
Southern Franklin Process
.
'
.
Common
Southern
•
Oxygen
Southern
5%
&
Stock
O.
(quar.)
■'v.'
.Quarterly
—
Southwestern
Stock
r-«-
v
^
Trust
'..,1
Union Twist Drill
3-24
3-
United
6-16
5-15
9-15
8-15
Public, Service Co.—
Eight shares of new
shares
of
*
1
.
—
Standard-Coosa-Thatcher
Standaid
75c
Factors
Co.
Corp.,
4-15
$2.50
preferred
■:
s
Standard
•
3%%
Oil
(quar.)
3-26
(quar.)
Co.,
~
Standard
Class
Screw
Starrett
State
IR
ft
(L.
Co.
S.)
Street
Stedman
50C
Stix
(J.
Baer
P.)
&
Struthers
(quar.)—
7%
1st pfd.
Fuller,
Corp.,'$1.25
Corporation
pfd.
1
3-15
1
4- 8
SuDerheater
4-
25C '
2
3-20
4-10
44-
1
3-17
4-
1
3-17
56C
7-
1
Co.
3-31
25c
4-
20c
k
bearer
U.
1
3-24
-
fH/
4 %
3-
8
31V4C
5-15
5-
3-31
4-
3-18
•
:; ;
'
4/
$1.06%
--
1
; 3-19
4-
1:—-
40c
f
4-
1 ;
1
S5C
Texas
^
Products,
Company
Texas
&
Textiles,
Inc.,
3-21
>
4-
1
4*
It
3-31
preferred
3-31
Thrift
Tide
Stores.
Water
$3.75
Tip
i
4-
1
1
; 3- 7
$50C
-
—
4-
1 /
3-
4-
1
Tintic
1
3-15
$1.75
(quar.)
Tom Bell
Tooke
1
3-25
3-10
1
3-15
4-
1
2-28*
.
$3
3-15
Vulcan
Detinning
25C
r-'t 4-
1
3-15
Vulcan
Mold
25c
4-
1
3-15
—
31'Ac
50c
$1.12'/a
—
Co.—
»
-
3-10
V
3-10
$25c
3-31
3-21
1
7%
933/4C
4-
1
$7'/aC
-
4-
1
25C
3-31
$25c
4-1
(monthly)
3-24
:
50c
(monthly)———.
58'/3C
.
"Z
—
Z
2-14
Class
4-
41%C
General
1
3-20
Warren
4,
1
3-20
Washington
4-
2c
140c
1
3-31
■:
$25c
4-
<
'
3
3-31
3-15
4-
1
4-
1
preferred
1
1
3-H
4- 1
'/
3-15
4-
3-15
Trailmobile
4%%
Co.,
common
convertible
Trinity Universal
Quarterly
Quarterly
$$1.12%
(quar.)
preferred
Tri-Continental Corp.,
Trico Products
Corp.
$6
v
,
(quar.)__
preferred
(quar.)
Insurance
Co.
;
$1.50
Twin
_
5%
Twin
$
3-17
"i
4-.1
Wellington
3-21
Z
-'
Rapid
convertible
50
5-10
8-15
8-
11-15
$$1.75
4-15
3-31
3-
9
West
Michigan
Penn
7%
C
3-31
3-
62y2C
4-1
v
3-21
8
4V2 %
West
Clutch Co.
(quar.)-i
UdymJ'coJ? SaUe Stfeet
-
*"""r
37'Ac
4-
Underwriters'TVusT"co.~Tq^L—II™ZIZZZ
25c
3-14
4-
62 %c
3-20
1
4-15
*
4-
1
4-
/
1
*
3- 8
3-
3-27
3-17
■;
3-31
3-21
'
conv.
15C
4-1
3-17
12V2C
4-
3-15
37*/2C
4-30
37 tec
3-24
2
4-19
7-31
:
56V4C
7-21
4- l-Z
3-17
4-1
20c
*!%
3-14
at
the ,source.
T^ess British -income tax
b
Canadian iioni-resldents'
Non>
1
'
tax.
,
^
:;
Telegraph Co.—Earnings
1Q47:':
1946
$14,t)37,074 $12,359,285
..
revenue—
45,306
_
u—
21,028
v
$13,991,768 $12,338,257
12,053,626
9,247,'984
1,243,273
1,674,228
i
$694,869 "$1,416^45
371,236
1,132,809
.
:
to,' Hold Hearings
exchange,
mitted
3-31
3-14
conversion
4-
3-20
and
3-15
ence
SI
4-18
3-31
4-18
3-31
9
1
1
4-
curities
1
3-15
4-1
4-
;
1
■; 3-18
3-18
3
also
the
stocks
will
been
asked
has
sub¬
be
for
an
Commission's competitive
5
shares each
of
new
cumulative
preference voting stocks.
exchange for the present series
The
B
stocks
the
on
basis
of
one-half
preferstocks
new
and series C
of each of the
6%
share
each share of the old preferred. Unexchanged portions
preferred would be called
at $28.75
per share. Unexchanged
the new
preferred stocks will be
old
of
redemption
the
sold
of
proposal to
Outstanding shares
t3-:'.7r:H
5-1
the
time on, a
.
4*
preferred
convertible
for
3-20
4-1
new
the
old
preferred.
A
company s
stockholders has been called for
authorize changes in the
company's prt'cles
the refunding plan in
effect. Stockholders
5- X
4- 1
as
proposed
1.653,429
new
portions
3-14
5-20
and
n« ^fiISSUi jS
of
3-15
4-
probosed plan for
recently
proposed refunding plan will
involve- the issuance of new se¬
totalling $82,671,450. Under the
plan it is proposed to issue
or sell
exchange
5%,%' preferred
3^19
3-25
plah
the
its
call, of all of its presently outstanding
C 5%%
stock: Terms of the
well us
dividend rates and exchange
and'series
the
would bo offered in
3-19
50c
respect .to
at
The
1
4-
with
or
hearing. The Commission
order
exempting the new securities from
bidding rule.
\
1
\
Ui
retirement through
exchange
series B 6%
stock
rights -in
'
on Plan—
-
P.
preferred
3-14
stock
4-16
of
will
*
of
issues
and
special
on
or
used
proceeds
meeting
of: the
ahout
May 6 to
incorporation to .put
also
vote
at
the
same
drop. ''Limited'.', from the
company's name'.
the combined
series B 6% and series O 5%^
total 3,306.858
and are held
8-2
5-15
by apnroximntely
are about
92.000 stockholders of all Ed'son
the jcompany's need
for new
capital to provide
adequate electric services
For- the
expanding demands of the territory
it serves, W. C.
Mullendore, Edison
President, recently announced that
15c
3-31
3-
mately
25c
4-
3-
5-
1
6-
2
5-15
1
5
4-
I
1
3-19
4-
1
1
4-
1
3-15
4-
1
3-15
;
8-15
8-12;
3-31
4-2
3-15
(s-a)i\
25c
4-
1
/.
4-
1
;
3-i5
4-
(irreg.)
(quar.)„__
25c ;
v-
-
...
—i—
Assurance Co. (Toronto)
Increased ; (quar.).....
.....
Operating
3-31 r
Net
3-18
$1.75'
5-15
the
is
and exPects
expenses.
3-10
"
operat:
year.-
FOR
that
a
similar
37 tea
$1.12%
4-15
$1.50
25c
Z'
$1.12%-
Gross
3-15
1
Inter.
3-15
4-
25c
1
1
3-15
4-
1
*f.» 'i
3-15
*
-
Z.
-
4-! 1 r
3-26
ENDED
-
•
•.
"*
DEC.' 31
-•
revenue.
$2,225,177
revenue
341,274
!
other
"
>,**'
—u-;.
deducs..
■
$3,162,927 $14,613,671 $14,179,787
>
107,854 V" 956,057 / •■ 820,878
Preferred
dividends'1^/
Common
—V.
ner
165,'
$2,566,451
$3,270,781 $15,569,728 $15,000,665
1,180,705 '
1,176,436
4,709,250
4,751,502
•
,
(income
•
-t^
income
&
Earned
$$1.40-
;
•
3-17
4-
4-
"
non-operat.
PERIOD
will he
increase
-
1946—3 Mos.-^l945 - '■
(1946—12 Mos—1945
-$18,567,724 $16,786,039
$73,173,181 $67,629,754
16,342,547
13,623,112
58,559,510
5^,449,967
4-16
3-2 5':
Net
4-16
5-15
ft
—-1
revenue
operat.
3-14
Co.
I
46
current
3-14
$1.50
:
-
1
3-38//
$1.75
the
Period End. Dec. 31Total
...
during
EARNINGS
3-15
$$1.75
A
SfpSri^
effected
in
Program
3-14
22 %©r
$1
...
1947 will total approxi¬
company's history. This new
supplemented by an additional
spent during
1947. to carry out the •
company's
^ program.. Total cost of this plan, which !was inin L
and is expected to be completed- in U948,/is exteiCh aPProximately $27,000,000. According to Mr! MullenEdison Company added aporoximatelv 40.000 services for
^ i fi°
n,?c*/rr,
20C
Pr°Sram during
largest
nnft'2e .conKstluctipn
$15,000,000 to be
vt$1.75
Z';:;
;
n^stT^cti?n
the
$52,000,000,
3-12
15c
Illustrating
3-20
4-
stockholders.' There
issues.
l'4-i'z:
+
pfd.
Light—
class
42,000
4-16
4-14
Inc
;
Service
3-20
/Commission^Will hold C OubliC
'hearing "March
company's application for
permission to issue two- new classes
preferred stocks in
connection
3-31
: 31 Vi c
Co.,
common
(auar.)
of
8
50O:
(quar.)
Water
.
5j,/----<'.-4^j5;•
$2.50
(
(quar.)
preferred
1
on
4-19
'
Co. (s-a)____;
(irreg.)...,
Co.,
*-
v.
165, p. 1323.
mission
24
4-1
2%C
Western
1
3-20
...
(quar.)
..^x-.1
Utilities. $6 preferred
(quar.)..
Pulp & Paper (quar.).
.....
Virginia
$4.50
"
$1
—....
Special
West
3-20
4-
-
West Virginia
3-21
3-25
50c
Corp" ^ qliar".)——
1
Electric
2-V4
25ct
$1.25
preferred
Texas
;c6#20«'^^
4-1
-
5c
....
West Penn Power Co..
'
preferred "(quar.)
Preferred (quar )
'
33 %C
quar.)
&
4- 1
Southern California Edison
Co., Ltd.—California Com^
4-
Co
...
(quar.)
Steel Foundry
preferred
;7J 1
4-'T5
37>/ac
Li?
Power
prefevred
6%
8
# 3-20
30c
-
West
11-10
1
$4.50
(quar.).
—
preferred
•?,.
Transit—
prior
'
IOC
________
4-16
14c
1
3-15
•"
.3-28
$25c
operating. income.-..__i.______:
income.,
—V.
3-31
%
3-17
$1.75
J
.
/4-
12-
Electric—
4'A %
Net
6- 2
*9- 1
12-10
$1.75
....
3-21
3-17
-
—
Net
*
6-10
9-10
3-31
25c
Snowdrift—
Kootenav
7%
3-31 j.-/.
75c
37'/a
3-10
4-15
-
3-28
*
$$1,1
;
Inc.
Co..
'
ODeratine revenups i
!•_,
Operating- revenues j—
>:
.1
Operating expenses ...liJll.i.
Operating taxes
•v
3-15
$1.50
(irreg.)
(initial
Fund.
West
5-15
.
(quar.)—
4-18
$2.50
'
2-28
50o
L
9-20
Tho, California
(quar.)
Fixture
(quar.)
Investment News
JanuaryOperating revenues
Uncollectible operating
12-22
3-31
$1.75
(quar.).
(initial)
Fargo &
Wesson
Oil
&
25c
preferred
10-
1-2-48
50c
&
common
Southern Bell Telephone &
6-20
..a.
3-15
3-31
3-31-
(Continued from page 1596)
3- 5
1
; 7-
—.
3-31
'$1
(quar.)_.__
\
3-21
150
;
Products
iiO cm.
General Corporation and
3-15
4-
4-
Co
Wells
3-18
4-1
/ $$1.25
(quar.).—
3-12
3-15
.
15%refildentrtax
3-15
15C
(s-a)
preferred
Extra
25c
1
62MzC
(accum.)
;■)
3-12
150 c
.
______
Wellington Fire Insurance
3-17
1
1
1
(quar.)
roach.
^tyFwln Disc
5%
250
convertible
City
1
44-
62'/2c
•
Tuckett Tohacco Co.. Ltd.. 7%
pfd. (quar.)
Twentieth Centurv-Fox
Film Corp.—•*
Common
4-
4-
25C
(quar.).
Showcase
(quar.)
tFayable in U. S; funds, less 15%
3-19
$1.75
St
reaMent? tax
4-16
25C
Chemical
Knitting Mills
Wavne .Screw
Weber
—
Quarterly
:
25c
$1.50
——
(Dallas)
;
53y8c
fquar.)^.
—
PumD
Common
(quar.)
1
1
62V2C
&
Railway
preferred
Wayne
Wayne
,
4 Va %
54-
20c
■
4-15
2
Company—
3-15
"$1.75 '
1
4-
45C
(quar.)_i_
4r 1
62 tec
4-
15C
Corporation (quar.)i
.1
Corp., 4%% preferred (initial quar.).
3-25
4-15
«2%C
(quar.).
•■V Waukesha Motor
Co.
3-14
4-
40c
B
Relinintr
preferred
5<£
3-14
$$1.25
x
4-15
3-31
62%C
4-30
25c
Month of
—
(quar.)
$1.50
'
1
5-19
4- 1
:
3-
.
3-14
75c
A
f
v
A
3-15
6-9
V $1.75
Ltd
class
i'
$2
common
Pictures
Co.,
3-20
4-
(quar.)__j.*. •/$1.75;
Washington Water Power Co.
3-15
tl5c
—
5%
3-20
3-15
Z
115c
—
Brothers
*
4-10
1
4-
4-17
3-21
■
'xLesa 30% Jamaica Income
tax.
♦Transfer books not closed for
this dividend.
tPavBble in- Canadian1
funds, tax deductible-
3-15
4-19
30c
fauar
Eros.
6%
York
3-15
$3
±>,
3-20
3-17
common.
Yolande
8-30*
1
4-1
KvZZ'tlS1
; r
:4-:,i
.
1
convertible preferred
(quar.)
convertible preferred
5-31*
60c
& Bond.
Warren
2-14
6%
6-19
9-20
Ino.,
Lothrop,
"preferred
Yellow Cab
3-24
lZ
4-
*U2%
3»-20
4-
-Yates-American' Machine C0.1
3-15
25c
■
4-1
Z
1
3-20
:-7v"V5rz'' 5-1
Co.—'
Manufacturing Co.,1 Ltd. (quar.)
7%
3-15
6-20
.
3-21
1
7-
17%c
(quar.)
c
1
Wool Combing Corp, of
Canada, Ltd; (quar.)
Wrlglit-Hargreaves Mines, Ltd
'
Wrigley (Wm.) Jr.. * Co. (monthly)
Yale & Towhe
Mfg. Co.
3-t 8.
3-31
*
$2
$6.75
1
3-31
4-
1
4-
'
Industries,
Woodward &
•
62%c
j;
$1.06 V4 i
,
3-24
4-
Power
Woodley Petroleum Co.
3-24
4-1
20c
-
4-15
4-
7
7,
; ,3-10
v
4-15
"
$1)75
Woodward:Iron';Co
■:
-
(quar.)—
Co.,
Woodall
3-20*
3-31
Electric
.
(quar.)
Co., 7% pfd.
Iron—....
Agricultural
1
3-31
93%c
.
3-
:
'
30 c U:;
preferred (1897) (quar;)
(quar.)__
Woods
3-31
/ 25c
& Co., class B
(increased)....
/
15c
$2.50 class A (quar.)..
62 %c
Ward Baking Co.,
common.......—......I vl.';' i5c
5Va% preferred
(quar.)
$1.37%
Z
6%:
3-18
Walker
1
3-17
•
3-24
5 7/10c
——;
Ltd.
&
Warner
1
5
....
3-
3-20
Trust
:/I'86%C',
4-
$1
—
7
:v. 3-
1
3-24
25c
'
Wiser Oil Co,
3-18
.
Inc.. $2 pfd. (Initial
quar.).,.
Waldorf System. Inc.
(quar.).....
3-17
:
4-1
2'/aC
class A
5
:;:^„40c
5<5c
—
Cotton Co., Ltd.
preferred
Waialua
Waltt
—
4-
40c
(quar.)
Wagner Baking Corp.,
3-10
4-
...;
'.V
3-10
60O;
(quar.)
Wabash Railroad Co., common....,
Kte%
preferred
(annual)
3-14
;
v
•
.1
(quar.)
1
3-31
$1.06%
—
Oil
4-
3-31
prior preferred
Wabasso
Wisconsin
3-20
4-2
22tec
—'
Corp.—
preferred
preferred
(quar.)
Vulcan Corp., $4.50 preferred
3-14
■
'
3-20
:
4-1
-
1
f
4-10
$1:12%
$1.50
7%
v
?r24
30c
Chemical
4-
3-31
$-24
4-
Vlchek Tool Co.. common—.J
"
6-16
1
4-1
$2.50
Works, common
■V. 40C
;
preferred (quar.)
87 %C
Virginian Railway, 6% preferred
37 tec
(quar*);
6% preferred (quar.> /
37*Ac
t 3- 5
1 f.'
4-
$1.25
3% %
1
10c
$1.
—
-
Stockyards
convertible
Victor
3-15
3-10
4-
(irreg.)
(interim)——
Insurance (annual)—
Toronto Iron
Works, Ltd., com. (quar.)
Class A
(quar.)——
Toronto Mortgage Co. (quar.)
Torrington Co. (quar.)
Traders Finance
Corp., Ltd.—
y>s
70c
,
7-
50C
.
—-
4-
3-21
-
4-.1
25c
Water, 7% preferred (quar.).-^
Stores, Inc.,1 common (quar.)
.il..'.1;
i
'
3-17
$1;75
,
25c
•
3-15
3-15
4-
'
Corp.-_^'2-«ar:±^-lL_-,'r
3-15
3-31
3-31
$1.25
»
3-10
4-1
-
15c
.Z" ; ; 75c
Willys-Overland Motors, Inc.—
$4.50 conv. preferred series' A
tquar.)«_L_. $1.12%
Wiisil.> Ltd ' fquar^'
'A 1256
Wilson & Company, $4.25
preferred (quar.).' $1.96%
Wilsoh-Jones ,Co. (IVreg. j
1.^
5-15
>
3-15
3-10
12 V2C 7'v:
—
3-26
3-13
,
i
75c
preferred (quar.)_--_^_-——
preferred .^(quar;)
6%
3-17
5%
25c
Royalty Co
Bros.,
5# LToronto
2
4-1
5% preferred (s-a)
4-
—
preferred
4-
50c
(initial)—
Co., Ltd.—
American deposit receipts
ordinary
American dep. receipts deferred
(interim)
Toledo Edison Co., 5%
pfd. (monthly)——
7%
6-
4- 1
$1.25
Common(s-a
v;
3-20
3-25
•
■
-
Z:'
—
(increased)-—--..—.I
Mining Co
preferred
3-30
25c
-
Ltd.
Securities
7
$1.02'/a
preferred
(quar.)—
Standard
G%
4-15
3-17
..
25c
—
(quar.)
Tip Top Canners, Ltd.,
;
1
Wieboldt
$4.25
Co...i._U
River Oil
Wichita
■
■
Quarterly
Viau, Ltd., 5% preferred (quar.)
ii.-.
Vickfburg Shreveport & Pacific Railway Co.—
3-15
4-
•:>V 20c Z; :
—
Ltd
Tailors
v
25c
25c
1
■
Timely Clothes, Inc.
Tobacco
iV 5-
4-15
4r 1
-
(s-a)
Card Co. (quarj
■
"3-15
4-
—
(quar.)____
(quar.)_^
Associated
preferred
Top
3-19
$1.75;
—
Vapor Car Heating Co., 7% pfd.
7% preferred
(quar.)
...
7% preferred (quar,)—
Velvet Freeze, Inc., (quar.).
3-15
3-17
3-15
$25c
(increased quar.)
(quar.)
B
2-17
5-1
—
A
2-17
3-15
56'Ac
—
common
1
75c
——-—--——:-
preferred
4%
5-15
1
50c
—
3-21
4-
15c
4%
preferred
(quar.)
Textron, Inc., 5% ccnv. preferred (quar.)
Thrifty Drug Stores, common——
4%%
2
Wichita
3-17
—
2-28
4* 1 :
$1.25
—
(quar.)—
common
Extra
-
$20
(quar.)
Pacific Ry.,
.
3-15
75C
—....
8%
1
4-5
/
$1
$2c
—
Tennessee
7
"
Tennessee Gas & Transmission—
4.10% preferred (quar.)
.
'
1
—
:
1
6-
Motor
Z'
4-1 ;
25C
•' :
1
'4:-l
120C
Wheeling Steel Corp.,'.common.:;
$5 convertible prioT prefeiTed
(quar.)....
3-4
'
Co
Corporation
3-
-Z
Power Co., 7% preferred
(quar.)
Temple Coal Co., $6 conv. preferred
(accum.)
Tennessee
3-10
:V
25c
——
(quar.)_
Products
1
3-31
4-15
—
' Telluride
^
5-
4-
$1.75
Universal Leaf
Tobacco, common (quar.)—.
,8% preferred (quar.)—..^.—
Upressit Metal Cap, 8 % preferred
(accum.)
Upson Company. 4J/2% preferred
(quar.)^__
Utah Power & Lights—
Utica Knitting Co.—
6% prior preferred (quar.)..
6% prior- preferred (quar.)
6%
plror preferred (quar.)
6% prior preferred (quar.)—
Utility Appliance Corp.—
$1 convertible preferred (quar.)
Van De Kamp's Holland Dutch
Bakers—
'Increased
b 3-15
4-
10c
Z25c
;.
common
preference
(quar.)—,-_i
common (initial quar.) •
preferred' (initial- quar.) Z
1
2-1-48
1
* 4s*
,
$1.50
Shoe',,'Mfgr.;%quar.l^!&li-i:z£uZl-^'-Z
8-
6-18
25c
(quar.).
Osgood Co.;
50c 'convertible
White
3-19
4- 1
•
United Wallpaper, Inc., 47<?
preferred
3-18
3-29
35C
.......—————————————————
Tecumseh
?.
1
3-25
—
S.
United
3-14
1
4-1
$$4.25
—
:
4-
r25c
,
preferred
(quar.V—
....—
tmn
...
Universal-Cyclops: Steel
Extra
'•
5-15
37 tec
: U.
:
-
15c
—
preferred (quar.) ^
S. Rubber Co., 8% preferred
(quar.)
U. S. Trust Co. (N. Y.) (quar.)...
5
:
common—
>'■ Taylor Instrument Cos.
1
4-15
62V2C
Lithograph—
,"
3-7
4-' 1
$1.13
:
—
Plywood Corp., common
33A% preferred ■■■A (quar,
United States Printing &
4-15
.
1
4-
—
1st preferred
3-20/
50c
common-—-—
——
Bridge,
Tamblyn (G.V Ltd.,
•
1
2
6%
Lid.
'';-7',Wheelittg:^l;tiake£EidevRailway;ii^^£i£iilt.a-1;
^
.
U.^S^ Playing
'
/
^
$5 preferred (quar.)
Talcott (James) Inc., common
V"'V;:4Yi% preferred (quar.)
■■
5-
4-
I
11-
4-10
$1.25
$1,25
.-v
preferred;v'(quar4v^^-4i~--l-i-'-i.-i. ,1 ,'$1:254
Wheeler
•
3-19
Utec
-
-
4-15
1
A-
250
Corp.———
Swift & Company
(quar.)
Sylvania Electric Products, Inc.—
Common
w
1
50C
(quar.)
5-
8-15:
11-15
2-15-48
& Stationery
1
2-1-43
5-15
$1.25
—_.i.
Westori .(George),
Weyenbevg
-V 1
3-26
6-
$2.50*
____
S.
$5
3-15
4-25
$150
(quar.)
Drug, Inc.
Shoe Machinery, common
(quar.).—,
preferred (quar.) —.r
-i.'
3-20
250
(quar.)
(quar.)—
Tacony-Palmyra
'm;
A-
$1.25
U. S. Lines Co. (N. J.), 4Ms
% pfd.
U. S. 3Pipe &
Foundry Co. (quar.)
6-16
4-30
i
Gypsum Co., common (quar.)
preferred (quar,)-.
& International Securities
Corp.—
7%
U.
3-17
12'/aC
—
Common
(increased)
$4 preferred (quar.)_
Sylvanite Gold Mines, Ltd.,
%'■
3-15
4-10
Tablet
(quar.)^i—.....ii—L—^
(quar.)
Westmoreland Water,
t
3-15
3-31
S.
U. S.
:
3-22
Z;
1
37'/aC
Steel
A
3-31
U. S. Guarantee Co.
,
''Class
3c
____
■H'-lt
4-15
$1.25
$1.25
$1.25
Westmoreland,! Inc.;. quar.Jii—;
3-10
17c
1
preferred A
5 % .preferred
3-11
•
I
8-
•
'
3-12
4-
■;
Finishing, $4 convertible preferred—
preferred
(quar.)
7%
preferred (accum,)
U. S. Foil Co.,,7% preferred
(quar.)
U. 8. St Foreign Securities,
Corp.—
v
$4.50 1st preferred (quar.)^
$6 2nd preferred (quar.).
3-15
4-
•433/4C
(quar.)
—
,
1
4- 1
■
t-—i.-—i—.—
fsc
preferred A
3-20
20c
7%
3-15
5-
(quar.)—-
Sunray Oil Corp—
,
41/4 ^, preferred series A (quar.)
Sunshine Mining Co. (quar.)——*
■"
$75c
5-
11-
•
Common
3-20
—iii—*
U.
3-31
12'/a C
/
Chemical Corp., common—■
$4.50 preferred A (quar.)——_—
Sun Life Assurance Co.
of Canada—
Increased quarterly
Sunbeam Corporation—^———-—
J Superior
4-15
—■u—;—1^.-
3-18"
,
■
^
4-15
50cv
0 55c
—^
Fund—
—
3-17
—
:
>
Income
3-31
3-10
3-31
87'AC
Sun
'
(quar.).^u.—
United
56c
...
conv. pfd.
Wells
Studebaker
v
preferred
3-31
45c
...
Co.
&
Stromberg-Carlson Co., 4%
.
50C
Corp.__i.^w_J.-^._J'—
3-22
-
$75c
...
.
3- 7
5
5-15
75c >' II-15
75c 2-15-48
^
5 %
Western
>
-
United-Rexall
$15C
—.
; ;
1
■r
J 5- 1
4-
75c
V
5%
3-14
<
$1.75
Milk Products
Co., common
participating preferred—
$3
5
$75c
/
,
*
A
Gas
4-15
Z
$1.25
—-
Stokely-Van Camp, common——j.
5%
prior preferred
(quar.)
Stone Container Corp.
(initial)——
Z
Stop & Shop, Inc. iquar.)
Strawbridge & Clothier, $5 preferred (quar.)
:
1
3-25
3-14
3-14
4-15
preferred A.v. ('quar.) _______1_7.__.___
preferred A (quar,)—i.J_
.-i
3-15
3-31
4-
5-15
:
<'•
Illuminating Co._————
3-28
35c
25c
——
4Vz%
4c'
—V
6%
United Specialities Co..
10c
,x_—
preferred
(quar.)
preferred
(quar.)—.—
Stevens
'£^ 5%
$1
Investments, Ltd.—
United New Jersey RR. & Canal
United Printers & Publishers-
3-
f;v:
3-31
75c
common-——-
Ltd.
(quar.)__
Canada, common (quar.)
7%
preferred
(quar.)
Sterling
Aluminum
Products
4'A%
3-15
ioo%
pfd. (accum.)—>
3-21
3-31
" Z'f
(irreg.)—
of
'
3-31
-
iv—
3-21
1
4-10
:
4-10
_______—
Brothers.
Co.
4-
-
60c
(quar.)——
(Boston)
3-20
irii'A; 3- 8
noc
—---
Co.—
1
4-1
tlOcZ,
______
———
Sterling, Inc.
(quar.)—
Sterling Breweries, Inc. (irreg.)
Sterling Drug 3>/a% preferred (quar:)
Stern & Stern Textiles,
common
(quar.)—- V
"
3-31
3-20*
75c"
:
V
Investment
Mfg.
(quar.)
—
">
3-20
4-
$31%cZZ
—
Steel
;
if..
1
4-15
$31'AC
A
Stecher-Traung Lithograph,
5%
preferred (quar.)—
y
j—'t-
United
(increased)
Works
Stearns
4-
50c
,•
(s-a).
——
class
(quar.)—;.x:
Standard
ft/
3-20
3-20
933/4C
Z
common——
Radio, Ltd.,
B
Stanley
1
1
25C
—_—-
lc
,
Extrs
'5
iV
A
Mfg.
Paper
Ltd.—
preferred
-v'
3-29
4-
4-
—
6%
preferred (quar.)—_.
Standard Pavings & Materials,
> Participating convertible
\!
•
1
3-31
25c
75c
-
5%
_
3-20
3-31
r
—
3-21
(increased)—
4-15
,
:-
-
3-20
,3-31
——;—
(quar.)
1
$35c?
(qiiar.)
Common
3-28
Railways Co., common—; t'Vji 25c
7% prior preferred (monthly)
58%C
7%
prior preferred
58 te C
(monthly)
'
7% prior preferred (monthly).
L
58MjC
6.30% prior preferred (monthly)
53c
6.36% prior preferred (monthly)
53c
6.36%
prior preferred (monthly)—
53c
6%. prior preferred (monthly)..
:_u——
r
50c
6% prior preferred (monthly)..1
50C
G% prior preferred (monthly)...
—u__
•~: j
50c
United Merchants & Mfrs., Inc.—
5 % preferred (quar.
——s..'
$1.25
5%
preferred (quar.)
$1.25
;^y
4-15
1
4-1
183/4C
—
(Ohio)
preferred
Standard
rf:
Co.
5-
$1
10C
:■ 3- 3
50c
United Light &
3-17
62 %C
(irreg.)_._
Fruit & Steamship Corp
participating preferred (quar.)
Participating
$3
3-17
3-31
Fund
——
Extra
3-22
1
20C
(quar.)
common
1
4-
\i
•
:
class
United
4-15
;
4-
-
$1.13
Common
4-
75c
Common(quar.)
3
.
6%
*
3-15
Holder1
Payable oj
Rec
40c
$37 tea
Grocers, Ltd.,: class
$1.40 :preference.'•-(quar,)i,i^i._^x_________
Western Facific RR.v common (quar.
1
4-
•
I
ji_j■
1
3-
v.,:
When
Share
(qiia)*.)
Co/f;(irreg.)
1
4-
$2
Electric
Western
3-15
3-22
;if
Department. Storesv
•Z
3-22 V:
.
3-22
$1.50
(quar. >_u.——..l.—_
Carbon, common
dividend,
Fuel
United
(quar.)
Co.
Extra
United
4-11
;
Standard
K
\
—
"
3-15..
4-15
United
com-
(annual)———-
Fire & Marine Insurance
1
■'
'
cbmpon\
Western
2-28
7
1
$1.50
United Dyewood Corp., 7%
United Fruit (quar.;—
3-15
com-
old
—
Squibb
1
Extra
■
Stock
1
35c
\
Bond
United
4-
$1.25
f
•
—---
five
3*
4-
$2
—
"D" Co.—
(E. R.) & Sons., $4 preferred (quar.)
Square
-
3-21
$1.25
—
(s-a)_.
held
mon
Springfield
3-31
pf
Western
3-10
4- 1
4-
-
common-(quar.V
(s-a)
i
preferred
4- 2
Corp. (increased)
$1
Co._—sia.-—'>'■ ;>5: 10c
; 15 c
Co.; common (quar.)^iri
RR.,
$1
(quar.),
Spokane International RR.
\
Pacific
-3-18*
3-31
'■■■
17l/aC
preferred .(quar.)
5%
3-31
■.
(quar.)
x———
for'each
4-15
$1.50
———-
dividend.
mon
Union
—
Southwestern Gas & Electric, 5% pfd. (quar.)
Southwestern Life Insurance Co. (Dallas)—
St,-'
$6
3-12
(quar.)
/
-
Carbon
Mfg.
$1.25
(quar.)
preferred
non-cum.
M.
3-12
3-31
&
25c
non-cUm.
5%
4-10
—
Co..
Railway Co.—
preferred
'
$1.75
-
3-18
Pet
ffame
Payable of Rec
'
500
*:v;;>v:>V'^onday;-March,"24;i947.
When • Holdert
Shaft
—i-i
——
Investment
Metal
3-25
50c
Co., 7% pfd. (quar.)
—;
Southern Pacific Co.
Carbide
Union
25c
Southern New England Telephone
•
Union
Union
C.). (quar.)
N.
Company,
Corp.
Union Asbestos & Rubber
4-18
Southern Fire Insurance Co.—
"
.
Name of
,,
-
;
Per
Underwood
(quar.)
participating
Holde*
Payable of Rea
Shart
'I1
Southern Canada
When
>>
V
'
SF285;746"
"...
1
.$2,694,345 $10 R«0.478 $10,249,163
"
'!
1947
I
g
Period End. Dec. 31—
Depreciation
Oper.; taxes
Oper.
rents
i
1- I
:
' Net
.
1-43
5-
licenses '
(net)
1-
1
income
^ 128,256
commitments.
$1,524,534
V
income
412,365
17,133
tax-.//-..
-—i
1
4,474
$326,814
Earned
per. share—V. 165, p. 853.
$357,180
$0.33
$0.58
-
Southern Colorado Power
■'
of
effect.
in
proceed
//Raising
V-J
since
has
its
expenditures
Day
placed
to
for
total
a
new
of
orders for 6,200
$3.00
received
$85,500,000,
of
cars
the
in
20
made
that
deliveries
are
for
service
of
1,000
before
box
conventional
number
the
year,
1500.'
p.
switchers
of
this
kind
have
is
been
already
coming
also
has
52
A.
the
A
revenues
Uncollectible
value
1
revenue
Operating revenues
Operating expenses
Operating taxes
it
•
am
Net
income
—V.
-
—————
——
That
(3)
and
to
aid
Chain
Calendar Years—
<
Expenses
for
BALANCE
CONSOLIDATED
(less
out
$2.48
DEC.
SHEET,
'
In
Inventories
435,220
11,993,222
668,088
Property, plant and equip, at cost less reserves
Deferred charges
Total
March
1,197,402
income
on
letter
class
a
r:,
.
•
for
each
incl.
8,930,230
12,434,947
the
of
423,253
Prov.
the
their
bfe
Commission
bank
loan
Although
we
have
these
for
consideration
by
the
that
permitted
the
his
recommendations
considerable
company
we
us,
delay
some
been
numerous
of
believe
that
of
Corp.
assets
and
the
J.
for
the
payment
of
its
of
$13,350,410
of
of
interest
notes
now
such
on
reduce
in the
the
the
The
had
de
additional
delay since
benefit
to
the plan
our
improvements
was
annual
May
his
decision
He
to
&
Light
common
stock.
Emanuel
Mr.
resign
it
Jan.
have
been
of
amount
:
its
for
in
dollars
arranged
to
we
the
in
for
SEC
must
do
the
the
with
value
of
our
bank,loan
respect to
everything
assets.
we
made
at
very
ENDED
Publicos
DEC.
de
los
'
-1
the
serve
services
-
income
which
—
out
him
"the
"to
-
Estados
U.
I
(other than income taxes)
net
income
reason
to
—
—-.—————■-
Income charges of Standard Gas & Eiec. Co.
Consolidated net income
1944
536,095
437,901
452.767
164,234
131,657
134,834
$1,068,497
17,979
$537,440
16,524
$1,386,619
13,582
$553,964
$1,400,201
56,711
54,521
76,157
^
280,000
:167,800
142,400
employees..
...
on
renegotiation.
395,200
2,787,971
>, 65,200
$634,565
—
$266,443
220,049
share
common
depreciation
146,699
$4.32
and
659,790
Cr65,980
paid
per
amortization
CONDENSED
'
the
in
amount
$307,834
•'
146,699
of
$41,597
$1.13
BALANCE
8.
deposits
and
$2.10
SHEET
accounts
Miscellaneous
$1,069,274
1,672,840
redemption value
($9,408).
reserve
securities,
cost
Dec. 31, '46 June 30, '46
currency
Savings bonds & notes,
Land,
>'
»
demand
or
$1,240,572
1,639,498
846,087
market..........
615,070
3,438,916 [.
receivable
2,825,155
9,536
13,500
90,734
Buildings,
Machinery and equipment, cost (net)—..
Deferred charges, etc
4,109
13,500
cost
(net)
cost (net)
82,734
436,719
963,400
216,196
Total.
393,372
987,126
...
...
434,222
$8,780,928
$8,211,631'
LIABILITIES—
Accounts
payable
Federal
for
Common
Mexicanos,
and
accrued
and
state
expenses..
taxes
contingencies
stock
(146,699
t
shares,
no
$434,374
845,444
surplus
Operating surplus
1,466,990
1,964.433
747,970
350,000
...
par)....
1,964,433
4,069,687
3,289,821
$8,780,928
$8,211,633
—
Total
—V.
$392,419
1,466,990
—„
Capital
...
94,607,333
163, p. 2059.
Sterchi Bros. Stores, Inc.—Annual
92,853,968
22,262,720
2,322,064
A
119,661,228
48,901,486
resolution
for
holding
adopted
the
annual
the month of
by
beginning with the
May,
;r
Meeting Date—
stockholders
March
on
on
the
42,909,632
Sterling, Inc.—Obtains $2,000,000 Loan—This
7,309,742
13,257,236
7,696,043
York
14,780,600
30,391,799
Dr431,617
tion has sold
J9r567,114
to the Mutual Life Insurance
$2,000,000
a
corpora¬
Co. of New
15-year 3%% note.—V. 165,
p.
1236.
1,093,700
8,850,800
17, provides
Monday
165, p. 1324. >.v
third
1948.—V.
year
117,438,752
13,714,240
8,155,890
Sterling Engine Co.—Defers Dividend Action—
The
directors
dividend
due
$8.
30,411,115
29,824,685
on
this
14,213,462
p.
15,611,223
7,793,686
333,166
last
April
8,021,557
week
1,
Quarterly
1947
decided
on
to
defer
action
on
the
quarterly
the 55-cent cumulative preferred stock,
of 13% cents per share were made
distributions
1500.
9,871,6U,
issue
from
Stern &
Clarence
1^735
April
1,
1946 to and
Stern Textiles,
E.
director.—V.
incl.
165,
p.
Jan.
2,
Inc.—Unterberg
Unterberg of C. E. Unterberg &
1500.
"
•
Co.
1947.—V.
a
165,
Director—
has been elected
a
>
'
I" ■'
7,437,931
:
•-
V
'
Stuyvesant Insurance Co., N. Y.—Files with SEC—
211,965
444
13,137
8,018,245
The
355,212
'
SEC
per
80,000
141,678
53,579
9,514,582
Phoenix
Suburban
to
with the
be offered at $10
of record March
24
will
Corp.
are
ready
Propane
/
N. Y.—V.
155,
p.
367.
Gas Corp.—Definitive Debentures
4%% sinking fund debentures due Dec. 1, l&ft.
delivery in exchange for temporary debentures at The
City of New York, 11 Broad St., New York,
165, p. 579.
/'/v;' ■'
——-
Definitive
3,661,651
3,742,141
$5)
right to
the
given
expanded business of the company.—V.
7,403,792
1,884,755
notification
of
subscribe to the stock. Rights expire April 23.
which owns 96% of outstanding stock will
exercise
its preemptive
rights in full by purchasing^approximately
24,000 shares;
also any of the balance not taken" "by other stock¬
holders. Proceeds will be used to acquire additional capital funds for
339,196
40,000
company on March
14 filed a letter
for 25,000 shares of common stock (par
share without underwriting. Stockholders
General
'
391,096
186,845
51,924
7,629,827
—
the
meeting of stockholders
12-year
for
Chase National Bank of the
I j
'
expenses
Miscellaneous
the payment of the
within
I
to
Inventories, lower of cost
,'1945
i
•*>
1945
$1,086,476
refund
Reserve
Co.:
Provision for Federal income tax
'
-
$4,762,191
/ Accounts receivable, less
31
—
service
Taxes
1946
1946, $136,945 in 1945 and $164,271 in 1944.
Cash;
an
10,184,447
companies
Corporate, fiscal & administrative expenses
\
stock
common
$3,175,423
2,068,426
COMPARATIVE
Expenses and taxes of Standard Gas & Elec¬
Vj-VA
'
1
ASSETS—
expand¬
devote
221,467
90,925
companies
-
the
on
'
Gas & Electric Co.:
interest
—
Consolidated
loan.
I
discharge these
subsidiary companies....
other
on
2,190,709
general
income
17,998,463
capital stocks held by public—
from
share
per
2194.
p.
charges
Net
be
;
164,
income
Estimated
12,412,652
:—*.^1—T—
deductions
Standard
cents
Inc.—Earnings—
profit
Other income 1
Dividends
holds
30,842,732
———
—
made
were
sales
Earnings
•
1,061,069
taxes——
income & exc. 'prof. taxes—
associate
tric
each
1946.—V.
for U. 8. income taxes
Reserve for U. S. excess profits tax
Refund, portion of exc. profits tax
Pres¬
8,135,011
repairs—
from
Legal
cents
27,
Reserve
board
as
2,301,134
l.
I
and
25
s
income
Total
the
definite
25
Nov.
Starrett Co.,
and
Other
•
competi¬
Pittsburgh Railways Co. and Subsidi¬
Railway Subsidiaries of Philadelphia Co.) '
Dividends
■.
■
some
of
and
compensation
Total
of
Standard
Power
&
Light
in the Delaware Court of Chancery main¬
YEARS
of
of
period
that it plans
Corp.,
pointed
necessary
-
Miscellaneous
dividend
a
$3,959,535
of
Add'l
and
Dividends
During
made
4
Selling
stockholders
...
miscellaneous
Other Income of
declared
the
(L. S.)
fiscal
from
will continue to
Power
Co.
made
,
on
Spring Co.—25-Cent Common Div.—
have
6 Months Ended Dec. 31—
10, 1947, and to reduce sub¬
which by their terms are due
1946
Balance of income of
modified,
stockholders.
directors
common
Distributions
on
in
Servicios
revenues:
State
this
stock, payable April 25 to holders of record March
28,
regular quarterly dividend of 50 cents per share on
the
preferred stock, payable May 1 to holders of record
April 15.
notes)
amount
approximate
quarter
debt
in effect, to modify the plan by making
paying off our notes and debentures.
was caused by
the litigation, and while
great
of
stock of Mountain
common
Minority interest in undistributed net income
of
further
stock
common
Standard Steel
earliest
possible
may be required in con¬
Balance
the interests of its stockholders.
our subsidiary companies and their earnings have
materially
in
most
instances.
Market
values
have
also
risen substantially over this period.,- The result has been an increase
millions
the
and
of
notes
Standard
common
Empresa
Dividends
respect to
with
Increased
When
as
further
to
the
Gros$ income—
our
purpose
experienced
commitments
of
operating Income
Income
capital structures of
of
for
Net
of
taken
delays have
this period
of
companies, and
distribution
at
>
company has been removed from
listing
on
the New York Curb
Exchange, it was announced on March 15,
following approval by the Securities and
Exchange Commission of the
Exchange's application for permission to delist the
issue, which hal->
been suspended from
dealings since March 28, 1946.—V. 163, p. 1909.
engineers,
study
a
Service
1110.
p.
Standard Silver-Lead Mining Co.—Off
List—
fair and
a
the
for
extend
resignation,
of Avco
for Federal
Other
recapitalization plan, which was ap¬
by the SEC and the courts, had become unfair because of the
substantial increase in the market value of securities which took place
during the period consumed by the litigation with respect to the plan,
a
SEC
Approp. for retirement; deprec. & depl. resers.
Taxes (other than income)
——r—
proved
V: 3
the
payment
♦Operation
Gas and Electric Co.—Seeks Early Solution
concluded
we
upon
par
and for the equitable determination of
He states:
'
When
are
Philadelphia
company further represents
new declaration for the sale,
Total
Prov.
(Indiana)—Bank Loans—
165,
of
in
M
,
to
the
as
22,752,761
Other
///> "/;'
Program—Sale
action
the
Gas
Holdings and Payment of Bank
Loan—Independent Engineers Appointed—
•
;In a letter to the board of directors, Leo T. Crowley, Chairman,
the
to
will
Gas & Electric
of
"B"
Operating
Electric
1946. ; The aggregate par value of the shares so
($4,232,530) has been charged to earned surplus.—V. 165,
for
at
'Subsidiary Companies:
July 1, 1946, of one share
shares of such stock out¬
on
y>. /;
submitted
a
aries and Other Street
June 20,
l;: Standard
of
for
Webster
payment
a
The
S. A. [sold in Feb. 1947]
$66,255,194 $47,953,967
-
-
effect to the distribution
stock
983.
&
4,775,000
*13,465,060
*14,117,830
,
—
—
distributed
off
•Cost
it
suit now pending
Maintenance
p.
paid
independent
Year End. Dec. 31—
5,279,227
4,275,000
—
—
Surplus
on
be
that
(Not
926,799
5,130,934
—
——
Capital stock
common
,,
,
10, 1947 will be reduced on or about
of approximately $4,402,252, representing
and
of
basis,
165,
California
Sales
announced
director
a
same
$1,824,251.—V.
:
Accrued
11,488,105
483,672
Accruals
special
translated
company has issued promissory notes in the amount
of $10under a credit agreement with a
group of 12 banks headed
by the First National Bank of Cnicago.
The company has now taken down
the total amount of a
$50,000,000
credit made available for its
construction program.—V.
Apnl
EARNINGS
$25,815,000 $13,375,000
2,253,968
2,232,764
-
-
totalled $24,589,728.
Net profits, on the
credits of^ $600,135, amounted to
Standard Oil Co.
v1/;■'$';///■
payable
Accounts
payable
dollars,
♦Includes
18
$2.74
States,
000,000
out¬
income
to
United
The
follow¬
holders.-
i
LIABILITIES—
standing
the
increasing amount of time to the affairs of that corporation."
v Mr.
Emanuel's resignation from the Standard Gas & Electric board
was accepted by the directors on March 21;
$66,255,194 $47,953,967
Notes
cf
consideration
company's holdings
140,614 shares of
remainder
3,174,327
$4.11
the
Oil Co.
(Nevada)
has been
formed as a
whollysubsidiary of California Oil Co.
(Delaware)-, a wholly-owned
subsidiary of Standard Oil Co, of California.—V.
164, p. 2591.
Notes—
sum
future
proposes
the
3,174,527
operating outside
owned
they should elect three of the four Standard Gas & Electric
directors allotted to Standard Power & Light common stockholders.
Mr. Emanuel was one of these four directors elected
by the Standard
Power & Light "A" common stock, which has been opposed
by the "B"
1,096,839
370,457
—-—
shares
share
,
carrying forward our
Furthermore, our stock¬
employ
basis
amount
on
1947.
near
$9,576,464
1236.
The
made
the
net
13,812,000
$13,947,960
—
Standard Oil Co. of California—New Unit—
28,847,194
44,924,956
*
Refundable portion of excess profits taxes
Investments and other assets
♦After giving
its
Standard
his
The
1945
4,989,937
it
and
Corp. in
$2,935,550
2,732,150
receivable
Total
that
23,388,464
7,818,OK)0
subsidiaries
S.
r
1945
21,765,960
—
Operating
31,
ing activities"
31
1946
$3,287,771
U.
before
p.
in
the
the Commission
expenses
of
the
in
all the
:»>;
$2,334,819
$8.79
-
taxes
be
from the sale of
on
ident
stock outstanding after 100% dividend,
common
ASSETS—
Federal
Into
foregoing program.-
states
taxes
taxes
common
of
Victor Emanuel, Chairman and Chief Executive Officer of the Aviation
17,890
6,450,000
———/
share———
Cash
Long-term debt
distribu¬
April 10, 1949.
tain
/
of
of the Standard Gas & Electric Co.
762,768
4,800,000
-
-
per common
Accounts
application
Federal
1
per
Sales
;
i946
$261,176,280 $259,781,040
appraisers.]
as
such approval of
which
Corp.,
1945
3,953,945
-•
profit
*£)n 843,506 shared of
delay
immediately
a
Subs.)—Earnings—
States)
profit
of
3,661,651
$1,664,892
.
v'/-.
•
$39,162,261
of
[Stone
1,884,755
<
United
before
Earned
-
establishing
614,453
$5,326,543
$3,413,480
for Federal
Number
Chairman Resigns—
,
.
in
with the
stantially
•
•Earnings
of
their
sold.
,
stockholders. '
March
to file
on
$7,660,559
income——
Profit
(in
13,137
$5,940,996
669,865
wishes
tive bidding, of the 312,000 shares of common stock of
The California
Oregon' Power Co. held by Standard and to apply the proceeds of such
4,992,328
,
sales
-
$5,298,235
IIIIIIIII
;
Calendar Years—
States Power Co.
ir
/ 831,085
/Depreciation
~————Emergency facilities written off—————
.-Net
i
,
such
be
company
board
That
received
$18,283,972 $13,519,422
-
on
debt
that
purposes
standing which are due
March 17, 1947,
by the
Called—
1943
I
•
deductions
165, p. 1500.
Net
complied with the Holding
and it should, therefore, be
earnest
your
T
the
Standard
always
alphabetical
alphabetical
Terminals—Bonds
III—I
Standard Brands Inc. (&
company
has asked the SEC
for authority
to extend the
maturity, of its bank loan notes from April 10, 1947, to May 10, 1947.
amount of such notes
now
outstanding aggregates $13,350,410.
The notes ure a portion of an issue,
originally made on April 10,-1946,
in the sum of $51,000,000, of which the total now
outstanding aggre¬
gates $38,850,410.
/
(A. E.) Staley Manufacturing Co. (& Subs.), Decatur,
111.—Earnings—
Federal taxes
in
he
inequitable
444
$5,968,100,
:
The
not
2
income
Prov.
sale to the further payment of Standard's notes. Standard is
of the
opinion that the proceeds of such sale will be sufficient to pay the re¬
maining balance of the notes now due on April 10, 1947, the maturities
Store
—V.
355,212
have
I;
Seeks Extension of
See National Distributing Properties, Inc. above.—V. 130, p. 2789.
earnings
Net
1945
$5,572,647
90,925
employ
problem
assets
1946
$5,876,731
income
Income
Net
risks
other
the
nection
of
Gross
for
and
Hart appointed
date
position pts possible*
Springfield
Gross
companies,
may
the
market
existing
I-
•:
our
(4)
2,297,130
to arrange
companies in exact
However, they are always as near
avoid
remaining
what
property;
further
the- company's
That
such
ended
possible
subsidiary
would
the
»
recommend
Samuel
2,355,176
is
our
the
decide
will
it
no
iihy
that
-
among
9,111,470
1,607,827
it
of
tend to add complications.
feasible .date
$800,000
reasons
our
experts as may be necessary, to make
reasonably foreseeable earning power of the subsidiary
165, p. 1236.
order.
own
represents that
notes due April 10, 1947 by
mechanical
place
may
holdings;
Standard
NOTE—For
each
eliminate
*
equitable basis.
$2,501,501
—
of
(2) That the remaining assets, Including the stock
Co., be distributed among the company's stockholders
22,681
$1,883,609
-
would
them
also
will
required for that
for
2,140,998
income
of
stockholders
our
'
convinced
proceeds
operating
such
•
companies
..1
Expenses and taxes
now
should
we
the
Act;
(1)
1946
12,125,088
____—
Net
of
would
their
$16,149,695 $13,968,147
-
date
are
subsidiary
that
The
36,201
—
to
and
each
It
,
of
earliest
$16,185,896 $13,990,828
operating
that
I, therefore,
ing program:
company's
largest in the
1947
_
other
received any dividends for
many
years
and it is
incumbent upon us to put them in a
position to receive the earnings
to which they are entitled at the earliest
possible date.
Southwestern Bell Telephone Co.—EarningsOperating
the
Total
The
large
cars
fluctuations
so
assume.
I
diesel-powered
January—
companies
of
therefore,
to such independent
experts as we
useful in expediting their work.
distribution
a
program will only
holders have not
Los
Month of
feasible
operations
be
dissolved.
start
to
passenger
future
Company
Francisco-Portland
lor
latter
some
and
direct,
are
and
which
full
T.
"Shasta Daylights" to be operated on the
run,
the
diesel-powered
"Golden
Rockets"
Angeles-Chicago run, and other streamlined trains.
Included in the total expenditure of about $85,500,000 is Southern
Pacific's
half ownership in
5,100 postwar refrigerator cars for the
Pacific Fruit Express
Co., Only 100 of these have been received but
the remaining 5,000 cars are promised for
delivery this year to bring
-the PFE fleet to .a total cf ,about 41,000 cars.-—V. 165, p. 1500.
San
two
as
believe,
'?:■;
associate
Miscellaneous interest
stock
Co.
might
Years—
from
Dividends from others
voting power among our stockholders.
When the distribution
of the remaining assets- has been
completed, Standard will have done
everything within its power to enable its stockholders to realize
The
the
streamlined
earliest
I
Electric
board
of
'
order
on
of
one
'
railroad
the
well
as
sale.
&
the
" STATEMENT OF xNCOME (COMPANY ALONE)
:
.v.
are
tion
company
engines.
received.
.
Calendar
Dividends
the
to
ordered
or
types,
expected
switch
for
Gas
as
as
market
together with earlier orders
bay windows instead of the
cabooses with
and 23 diesel-electric
new
fleet
this
50
cars,
the
of
'*
country.
The
end
cupolas,
of
switching
the
time
of
which
Such
the
weeks
on
Southern
Pacific's
previous orders for
five passenger diesel-electric locomotives for main line
All of these powerful locomotives are scheduled to be
operations;
at
Oklahoma
such
statements of the
should
freight and
in
at
will be available
few
next
sell
Co.,
Co.
companies,
ready
and
President, announced on March 15, -1947.
Deliveries of the new cars are scheduled to start with the third
quarter of this year and run into the first quarter of 1948, Mr.
Mercier said.
Included in the new orders are
3,000 lightweight box
cars,
500 automobile cars,
2,000 gondolas, 500 flat cars and 100
covered hopper cars, ordered from five car
building' companies, and
100 sulphur-carrying cars to be built in the railroad's own
shops.'
also
to
present
Mercier,
was
are
t which
/ /
Announcement
real
no
•
assets
assets
1947,
15,
this
various
that
not required for the satisfaction of
our debt.
As you
know, it is my thought that we should
employ independent engineers
$1,901,818 | and such other experts as may be required, to determine the normal
v.; earning power of our subsidiaries and
to assist us in arriving at a
$1.75
•! .;fair
basis for such a distribution.
I have already
arranged for the A
compilation of considerable preliminary data
pertinent to the past,
$3,260,808
stock
than
freight
mindful
of
pay the debt.;
/.v.!'/'.:../"v.,// ."v/v-;!-.
1 aisa strongly favor/a/distribution amongf our stockholders
";
;Additional Equipment
rolling
more
more
been
efforts
assets
Q required to
iv
Co.—Weekly Output—,
Places
—
have
we
our
Power
Power
These
companies,
hands
Co.
Oregon
States
/and the registration
/
47,521
165,
Pacific
in
common
California
Mountain
$7,168,083
Electric output of this company for the week ended March
totaled
2,296,000/kwh., as compared with 2,065,000 kwh.
corresponding week last year, an increase of 11.2%.—V.
Southern
made
to give our stockholders
their
the "company until provision has
been made for the payment of our debt.
To this end, the board has
heretofore authorized the
preparation of the necessary applications
and registration statements
to permit the sale of the
;
$5,362,134
$7,215,604
16,326 ;18,786
2,025,000
5,235,000
60,000
60,000
3,945
1,158,934
Furthermore,
be
can
rightful participation in the
1,792,159
-118,286
51;09I'
-
progress
,
V; 694,703
$5,311,042
12,401
1,638
-
tax
income
Net
•:*"':y:34,454
$1,057,951
—
deductions
Federal
State
712,742
1,975,473
12,420
i
income
Income
1-48
161,591
485,370
-rev.—^ $1,045,530-v $1,512,132
operating
Gross
:
»
1-29,364
31,178
„
_■■■
income
Other
i
207,844
.
i
8-
Subs.)—^Earnings
:>
1946—12 Mos.—1945
$5,076,178 $19,847,953 $20,699 968
2,882,629
31,720,437
10,926,735
$4,904,795
3,050,877
exp.:
expense,/:
&
THE COMMERCIAL'& FINANCIAL CHRONICLE
;
1946—3 Mos.—1945
revenue
maint.
Tot. oper. &
i
8-
operating
Total
§||
•'
Southeastern Greyhound Lines (&
Re c.
3-20
3-25
3-14
3-14
5-
n
i
,
Volume 165 / Number 4579
°lderi
'
•:
1.
"V"
1636
THE COMMERCIAL & FINANCIAL CHRONICLE
Sun Oil Co., Phila.—Six For Five
DOMESTIC OPERATIONS
Split-Up Ratified—
New President Elected, etc.—
'
"
stock
_
5,000,000 shares
for the purpose of
shares for each five
Explaining
has
long
stock
this
been
dividend
wJHch
years
from 4,100,000 shares
the common stock
conditions
the
to
which
for expansion
its
deemed
year
York
of
stock
a
it advisable
"does not
Stock
to
dividend
dividends in the
also
approved an
10 members to 15.
increase
in
proposes
future.'.'
number of
directors
elected
Joseph
Howard
Donald
N.
Pew,
p;
Jones
and Clarence H.
The
five
General
Pew,
to
new
Sales
and
to
brother
of
Chairman
succeed
the
Mr.
D.
Jones;
Mr.
Mason,
Frank R.
of
Director
Park,
EARNINGS
v.
Net
profit
Earnings
v.
after
FOR
General
Manager
>
charges
share
per
SIX
MONTHS
and taxes
450,528
on
of
the
''
ENDED
V.:"<
This
to
— —
shares
—.
31,
•**.-.
''"7
its
on
it
to
route
from
1
March
on
provide, direct
common
New
Orleans
<1.
'
r
asked
18
service
to
the
to
and
stated
that
routes
to
■present
r..'
■
New
Orleans
TACA,
the
when
The
governments of San
able
San
Salvador
;
$2.36
,
with
Civil
Salvador.
Salvador.
The
directors
the
time
Guatemala..'
'
.'7',
■
voted
to
-
the
directors
the
on
to
;:0-
1946, the company
143,963,859 barrels of crude
major
Co.—Annual
/
Report—Consolidated
line
to
area
Antonio,-all
480
with
1945,
income
$4,000,000 which was credited
tingencies arising out of the
to
charged
was
the
^
ivssets
current
liabilities
Dec.
on
were
31,
of the
1946,
year
amounted
Dallas-Fort
$90,991,480.
a
from
the
the
sale
of
offering
this
Issue
made.
was
Part
the company.
•
sold
consist
and
97.85
of
•--.....
y.:
due
100
have
octane aviation gasoline.
been
made
since
damages caused by
1945
the
as
No
the
payments
company
Government's
provided by contracts.
It
failure
of
has
to
net
principal
claims
is
expected the allowance on the
claims will
substantially reduce its indebtedness to RFC. *
U.
S.
or
COMMISSION
•company owed the U. S.
the unpaid balance of
NOTES—At
Maritime
Dec.. 31',
*
Commission $5,643,175,
1946,
part
a
claim for further
purchased
in
1943
and
adjustments
on
1944
it
which
and
the prices of
.
of
h*
_*■
of
all
43.515.000 barrels
barrels,
or
8.2%.
inc?pa^Prt tnffi decrea,se in these stocks since the close of 1941 and
commred with tK Wih
demand ln 1946 of approximately 20%
*°r
1
an
as
'
-
oil
"
'
,
companies
to
form
-1'
-V"
:•
and
line
of
of
from
30-inch
Arabian
-
•
.
1
7
th!
and
pipe
u-ni
14
preceding
American
Co.,
and
day.
the
Oil
this
31-inch
per
in
miles
Pil
line
The w
1,050
for
Oil
Co.
Inc.,
section
to
fni»
Standnrn
should
be
of
this
Oil
Co.
con¬
line in
-
INCOME
ACCOUNT
FOR
CALENDAR
(Excluding European Subsidiaries) .•
1946
:
1945
'
1944 %
1'
,i
its
1947
authnri^
Persian Gulf to
the
materials
mentioned
in
in
modified bask
approximately
Socony-Vacuum
'■ *
'
^
sales
'
$
YEARS
1943
,
'
•"'A,
576,259,040 556,347,620 520,776,185
436 860 092
10,278,170 .20,729,616
24,247,763
-:a22',856,'o95
183
expenses,—
422,925,634 420,001,891 376,023,311 328
256 675
17,913.983 ,15,715,714
J4,9&7,563 > 14 314123
costs—
21,876,914.,24,762,584 23,602,657<
15,745J60
;
.Total
Int.
Prov,.- for Fed.
,,
be
at
8-inch
of
Net
profit
products line,
from
in
for
year
quality
of
products
geological
A
year.
well
and
.
,
¬
the
more
(acres)——
Cash in
banks, in transit and
In United States
:
Co.
with
Crude
of
1946,
was
respective
Since
facilities
these
two
accounts
on
(at
79,955,116
short-term
oil
securities
produced
and
merchan-
not
are
and
,,
comoanles
;
Other
prepaid
V'V; Total
as
on
and
taxes
as
of Jan.
Co.
•
Ltd.
LTD.—Crude
(50%
compared
owned)
1,213,142
—.
oil
in
production
totaled
1945.
jointly
AMERICAN
American Oil Co. (50%
A
charges
a
total
day.
per
207,000
the
to
with
of
CO.—Crude
owned)
3,419,311
oil
production
of
of
oil
per
1945.
production
as
at
the
compared
close
with
of
1946
83,000
In
The
American
Oil
Co.
were
carried
to
.
stills
between
statement
regarding the
purchasers
of
———2_——i- 917,301,940 833,853,6
bad debt of $650,000
Treasury obligations
S.
JFigures
§After
$1,300,000
shown
are
both
of
after
in
1946
of
in
194
and
$20,000,000
reserve
reserve of
held
f
$250,000
$26,300,000 in both years. ^ ♦♦After r
years.
ttUnder agreements with certa
both
S.
Period End. Jan. 31—
$481,188
Fed.
per
.
.
normal
Other
directors of
Standard Oil Co.
proposed
transaction iwas
stock
interest,TV» This
15,954
&
Net
15,825
183,392
68,000
303,200
184,854'
186,997"
253,000'
$105,459
$478,769
$492,038'
6,476
178,702
$111,935
$657,471
$147,454
;
17,829
income
xt;
>■
4.
17,313
$129>624
$94,621
J' 1946, the
amended
Peoples^ Light and Power Co., dated as of
and
that
dateJ^exas Public
f mtrr° PTle°¥ghA<*i« Power Co■
cha.nged to
Texa^ Public SCTVfcti Co. For
figures appearing In the
on
,
"
combined
95,539
189,604
23,106
deductions
m'
$2,746,581
Y 1,534,151
1 *97,200
$124,348
surtax.
income
income
summated
1,608,76'0
♦
15,804
15,292
Gross income
Income
$2,860,947
81,200
taxes
Operating
7,823
1947—12 Mos.—1946
206,726
10,166
plant—
$419,638
234,226
—
utility
Co.—Earnings-
1947—Month—1946
revenues
Maintenance
Deprec. & amortization
of
the
.;r,r
of
'
""ZY"
——„Y—a.*^"!!!"!!!!""'
"IIZZ
U.
taxes.
approxi¬
barrels
this
agreement contemplates the sale
by Arabian American Oil Co. of a
30%
stock interest to
Standard Oil Co. (N. J.), and a
10,%, stock interest
Oil Co., Inc. r
r.to Socony-Vacuum
of
years.*
General
.
representatives of
(New Jersey) and
Socony-Vacuum Oil Co., Inc., for the
acquisition by
latter two companies of a
stock interest in Arabian
American
Co.
In December,
1946, certain memoranda of intent
were .'ten-',
tatively agreed upon and
initialed by the several parties, v Shortly
thereafter a
prospective
———IZ1ZZ
credits,!—Z—
_
—
12,004,601
10,048,195
2,428,793
3,663,093
29,577.578
26,897,685
25,112,936
23,992,623
ts,000,583
4,680,411
16,866,990
11,244,660
147,093,063 114,498,905
869,467
1,008,112
10.471.859
11.761,754
2,277,229
2,139,851
25,000,000
26,000,000
281,116,500 281,116,500
77,669,213
77,669,213
281,813,129 239,132,645
'
$25)——r"-
——-
•
these
public
-"——II—Z
suspended
—
Operation
Arabian
Oil
the
li-
deducting
^Operating
•v
.
on
and
.
income taxes
Texas Public Service
1946, this company's
refinery at Ras
stills
approximately 29,300,000 barrels of crude oil
3,450,000 barrels in 1945.'
'
During 1946, negotiations
—
.
of
in 1946 totaled
day,
"
Government agencies.
HflAfter reserves for
depreciation, amon
zation and depletion of
$529,743,732 in 1946 and
$501,187,306 in 194
§§After reserve for
amortization of
$1,703,906 in 1946 and $1,757,4
in 1945.—V.
165, p. 344.
v
Y
approxi¬
in
1945.
approximately 60,000,000
of approximately 164,400
barrels.
This com21,300,000 barrels in 1945, an
average of 58,400
Crude
barrels
close
ran
by
U.
3,782,782
2,554,462
917,301,940 833,853,650
payable to U. S. Govt—
payable
AfteY, ^serves for
-payment
daily average
a
with
compared
OIL
Total
.
.
TAfter
serve
22,875,000
77'-'s.;' ='-'-• •'
7
.
for Federal
Capital surplus
Earned surplus
.both
1946
contracts
For contingencies
Capital stock (par
of
1,737,121
1,573,921
Reserves—For benefits under
employees' plans
For foreign
exchange fluctuations—
1, 1947,'for approxi¬
with
and
Deferred income and
:
.
4,078,094
deferred
Dividends payable
Long-term debt'
."/"wT:'
7;
CO.
LIABILITIES—
Construction advances
Prov.
'''•
-
Accounts payable
"/ Accrued liabilities
•
•
31,553,71,'
413,883,965 398,787,324
715,579
787,620
equipment
incomplete wells
exps.
:
24,957,316
expense
Drilling costs
.
become
are
4,364,335
44,562,422
,
-C—
(at cost),
charges:
;•■"'• rY';-";.:; '■ T;
Prepaid insurance, interest and
Unamortized bond discount &
Arabian
Island
36,487,558
subsidiaries '.
—
§§Patents
-7,202,256
will
84,095,514
3,072,569
49,658,631
65,668,924
(net)
cost—_u—1J05,133,514
cost)-
Notes
the
1945
s $
,
hand:
on
receivable
operating in U. S. which
the
companies
31
$
—
9,942,450
years
$3.83
81,069,981
18,530,045
16,278,897
ttSpecial deposits- for
replace, of properties
5,739,446
10,675,122
JLong-term receivables, etc
4,059,560
2,994,943
Investments in and advances to
companies operating in foreign countries:'
Y,; ;v
European subsidiaries' not"
consolidated—
13,294,962
6,759,961
§Companies which are not subsidiaries
122,347,843 107,361,890
♦"Investments in and advances
2,740,194
■■■■'
——
$4.85
;
-
Deferred
supply for these European markets and
PETROLEUM
Petroleum
ARABIAN
issued
$4.61
42,889,797
21,787,920
11,186,279
Materials and
supplies, at cost—i._„_
■r
-
8,000,000
11,244,660
11,224,660
countries
and
and* refined
at
dise
t
was
.
•
*
51,856,928 Y 54,516,819
28,111,650 :■ 28,079,673
to
Suez), and
their
in Saudi Arabia.
source
in
Arabian
foreign
;;U. S. Government
•
7,310,000 barrels
refinery on Bahrein Island ran
approximately 34,070,000 barrels of crude oil
compared with
Tanura
'
-
t
SUBSIDIARIES—For many
mately 8,010,000 barrels
In
1946, this company's
at
'
.
In
work
—
.
barrels
v
,
.1946
-•■ASSETS—
development
resources
in
the Middle East, these
European markets
logically supplied through The Bahrein Petroleum
Co,
through subsidiaries markets east of
Oil
BAHREIN
;Bahrein
day
.
CONSOLIDATED BALANCE
SHEET, DEC.
its
mately $28,000,000, of which $7,500,000 was
paid in cash and the
balance was covered by notes of California
Texas Oil Co.,
Ltd.; payable
annually over a period of 10 years.
The sale did not include
the
Norwegian tanker fleet.
'
v;
mated
r
addition, State gasoline and Federal excise taxes
were
paid (or
to taxing authorities in
the amount of
$148,550,487 in 1946,
$115,7.66,016 in 1945, $95,655,651 in 1944 and
$86,511(999 irt 1943.
^Properties, plant
.
These European subsidiaries were
sold
barrels,
4,000,000 i4,000,000
to
In
.
by the company and Standard Oil Co. of
California, the corn-*
pany sold its European subsidiaries to
California Texas Oil Co.
Ltd.,
also owned 50%
by the company and 50% by Standard
Oil Co. of
Calif. 7;
pares
58,889,797
for
war
one
cm
26,500,000
55,856,928 %58,516,819
...accrued)
additional
geophysical
drilled
was
11,000,000
71,089,267
*
surp. acct.-.;;' 71,089,267
paid
33,733,980
(par $25)
11,244,660
per share—
;
$6.32
^Earnings
'
Colombia,
20,000,000
3,010,378
958',323
30,811,879
v' 4,591,994
17,260,000
stk.
♦Notes
some
1,270,843
40,008,413
8,542,192
<
y
cap.
Y 3,010,378
44,102,917
8,274,097
31,142,392
5,504,747
arising
carried
,Shs.
refinery equipment,
and
the
;Dividends
T
-
additional
tax_-
••>... -;
3,010,378
1,115,557
872,585
V >earned
-
longer required by the company;
^
inc.
reserve
out
Bayou Pipe Line System, which
Texas, and Baton Rouge, La.
This was
no
for
to
com¬
by the
3,307,197
for. year—
contingencies
Houston
the
during the
owned
barrels
profit
Provis.
to
.
construct
disct.i-.:, v..
Depl. and leases forfeited
V
a
income^—95,269,049 123,359,877 137,848,646
107,522,371
amort. ,of
and
and exp. on fund, debt
Other interest
charges.-;
Depr. and other amort.
»
construct
companies
(acres)
American
.
interest
closed
some
-
the future
„
J.)
'■
'•*
Net
31;
Bahrein and
petroleum
about 507,094.000
made
petroleum
can
DOMESTIC PETROLEUM
INDUSTRY IN 1946—Prior to the end
Of
the war, it was the
general opinion in
the petroleum
industry and
elsewhere that there would
be a sharp curtailment of
production and
consumption of petroleum for a
year or more
following the end of the
"war.
Such
predictions, however, proved to be
incorrect, and instead
of a reduction
there was a
constantly expanding demand for civilian
use, whlcn resulted in a
record year for the
petroleum industry.
Crude oil production
(including natural gasoline and allied products)
•veraged about 5,070,000
barrels daily in 1946.
This represented an
Increase of
approximately 70,000 barrels, or
1.4%, above the daily
average in 1945 and was
approximately 1,000.000 barrels daily, or 24.5%,
above the
prewar peak year of
1941,
More crude oil was produced
and runs to
stills were greater in
1946 than in any previous
total
year and
refinery production was at an
all-time peak.
^-«CJ?ord-ii118 1° the U* s* Bureau of Mines, stocks
holrr®
Products)
Dec. 31. 1946, aggregated
w t
represents an increase during 1946 of
?n
iince tne close of 1941 of 45,234,000
principally
Neches, Texas, 88 miles in length.
Wyco Pipe Line Co. was organized
during the
Ltd.'(which
.
pipe
deal
Miscellaneous income._.
system will be
of 10-inch and:,,
company
supplied its European subsidiaries with
products manufactured in the
United States.
It has became
apparent that with the increased do¬
mestic demand for
petroleum and its products, and the
.
'
Port
SALE OF EUROPEAN
expected will substantially
reduce the present indebtedness.
Available for use in the payment of
these Maritime Commission
notes the
company had on Dec. 31, 1946, a
balance of $5,739,446 in the
aforementioned Construction Reserve
Fund.
After payment of the
balance due on these
notes, as finally adjusted,
and the payment for
two additional tank vessels
already delivered in
1947, this balance in the
Construction Reserve Fund will have
been
entirely used.
;
.
were
Total
is
be
on
board of directors
of Trn«e
in January,
owned)
of; the
part
the
stock
a
■
.
general
'
company has
the tank vessels
not
t.?1
orison
present
.
Bay, Calif.
owned pipe
contract
as
representing
(50%
oil
principally
that
♦Taxes
,
for
of the
tyfieN
u-
,
'
,
-
filed
other
total
Fee lands, leases and concession
contracts (acres)—
^
Concessions applied for and
concessions accepted, but not in
the
Suit
Gross oper.
income.^- 586,537,211 577,077,236
545,023,948 459,716
Costs, oper., selling, and
:
'
•-
3Va% 15-year serial mortgage notes issued as
purchase price of five tank vessels
purchased in 1943 and
two purchased in 1944.
During 1946, the balance due on these notes
was
reduced $7,322,429
by (at credits of $466,573 allowed in 1946
011
the purchase price
.covering adjustments in builders'. costs on the five
.vessels purchased in 1943, and (b) regular 1946
maturity payments of
$979,408 and prepayment of
$5,G'76,448, principal amounts, from part
of the funds
accumulated in a Construction
Reserve Fund.
,7«
;
Pursuant to the Merchant
Ship Sales Act of 1946 the
.
The
follows:
I
will
CO.—The
distance
a
for
*
area,' via Houston, Hearne
from Hearne to Austin and
Texas.
.
company's
v
MARITIME
•
of
Co.,' (N.
Net
>
1946.
Venezuela, exploratory activities were accelerated and
reserves in
subsidiary companies owned 50% or
less, at Dec. 31, 1946, was as
vincrased during the year.
'
," "
The company's interest in
producing and prospective acreage held
in South
America, including its net interest in
acreage held by nonsubsidiary companies owned 50: or less, at Dec.
interest
Sea,
placed
event
sale
Y
In
proceeds
product
with
erty and a new
iyct be ascertained.
1.
the
deal
LINE
Co.
crude
CONSOLIDATED
large fee prop¬
oil field
discovered, the importance of which cannot as
accrued
pending
the
of
East
PRODUCING—In
;.- v
take
in
FOREIGN OPERATIONS OF SUBSIDIARIES
RECONSTRUCTION FINANCE CORP.—At Dec.
31, 1946, the company
T«as
indebted to RFC, Office of
Defense Supplies,
in the principal
amount ot
$12,004,601, being the unpaid balance of contract advances
made by
the Government in the years 1942 to
1945,
inclusive, to
cover
75% of the estimated cost of
installations for the manufacture
of
operation
this
ultimate capacity of 300,000 barrels
the
,'
length.
for improvement
increase in capacities.
of;,
June
plus
the
-, -
in
a
constructed
an
In
condensate
New Mexico, to Cushing,
Oklahoma, which
pipe diameters varying from 16-inch to 24-inch
of various
517 miles in
October; 1946,
continued
issue
an
Worth
length,
mainly
■"
was
•
have
subsidiaries
of
placed
.
Plans
remaining
funds of
«
public
line
that
Line
of
were
be
,
and distillate runs to stills in 1946
were the highest of
any year and practically all plant
equipment and facilities were oper¬
ated at
capacity in order to meet the increased demand for
Texaco
products.
Refinery runs in 1946 aggregated 132,545,992 barrels
com¬
pared with
127,947,592 barrels in 1945.
Total gasoline
production
reached an all-time
high with, a greatly Increased demand for the
premium grade.
v
used to redeem on
Aug. 16, 1946, all
$40,000,000 3% debentures, due April 1,
1959, at 103 and interest.
proceeds of this financing were added
to the general
of the
The
No
close
extending
State
wartime development and is
;
at
Interest.
orders
?
Crude oil
NEW
■y.
oil and
the
MANUFACTURING
con¬
...
line
the
in
miles
i
the
in
23.36%
undivided
interest in
extends between Port
Neches,
$231,027,320. 'Total
$322,018,800 and total
FINANCING—In August, 1946, the
company
$80,000,000 of 2%% debentures, dated .June
1, 1946,
1971, to a group-,of Institutional-.Investors
^
would
,
but probably will be closed
Pipe
construction
\
facilities, together with those of another
wholly
line
subsidiary, will provide transportation for crude oil
San Joaquin
Valley to the company's refinery at Los
Angeles.
•7 The Texas^Pipe Line Co. in 1946 sold to other
oil
was
to
pipe
These
with
submitting
J
summated, all partners would
participate in the cost
proportion to their stock interest
in Arabian American
Casper, Wyo., to Denver, Colo.
It is expected
the line will be
completed and in operation by the close of 1947.
company, on Dec. 10, 1946, acquired from Seaboard Oil
Co. of
Deleware the outstanding 50% interest in
Valley Pipe Line Co. which
owns a pipe line
running from Kettleman Hills to Estero
.
working capital at the close
its
i
7',:The
stockholders, W. S. S. Rodgers, Chairman, and 7
Harry T. Klein, President, state in part:"
;
7. ,
!'■
Net
and
were
pany and two other oil companies to
273 miles in
length, from
report to
current
*
-
.
net
for
reserve
In
war.
,
wholly owned. 16-inch crude oil pipe line from West
Columbia
East
Houston, Texas, 60 miles in length.
.,1.
,
A wholly owned 22-inch
crude oil pipe line from
»
- depreciation,
amortization,
depletion,
and
(including provision for Federal income taxes),
amounted to
$71,089,267, equivalent to $6.32 per share,
as compared with
$51,856,928, or $4.61 per share, for the
In
CK A X
TRANS-ARABIAN PIPE
;
Arabaian
A
interest,
year.
At
facilities
branch
a
taxes
previous
Injunction which
.
Waco,
will
.'
•
WW A A A
are
plans
and will be
profit for 1946, after deduction of all
charges, including
v
pipe
1945.
proposed joint project
crude oil pipe line from
Jal,
also
Texas
>7;
8,813,311
PIPE LINES
.
•-A
.
stockholders
V
(The)
prospects
intended form,
748,491
———.—
constructed
12-inch pipe..' *
v
Tennessee Products
common
AVtVU
of
about
.
■
(acres)——
year
and
7%!.vYY'.Y'YyYZy.
recommend
.AAA LAW J.
the
,v
9,561,802
"
Beaumont
in Name—
& Chemical-Corp.
declared a special dividend ot
30 cents a
share
stock, payable April ,15 to holders of record of March
31. The previous payment on this issue
was a special of ,'10, cents on
July 10, 1043.—V. 160, p. 1335.
The
<
18
fee
.
San
CAB
'
an
for new projects of major importance were in
various
; Intang. develop,
development or execution at the close of the year
by The; *
Line Co., a wholly owned
subsidiary,,, These included:
Balance
A project with
—87,173,541 116,597,047 136,410,418 1
another pipe line carrier to' construct a
01,400 231
products
Non-oper; income;(net)
8,095,508
pipe line
of 3C.OOO
6,762,830 : 7,438,228:
barrels
daily capacity * from the Port
Arthur- v
6,122,140
In
name to
additions
..
that
C4 A A
Texas Pipe
,
also
company
Corp.—Plans Change
March
on
Principal
(acres)
new
stages
Board
City, Guatemala,
The
At
Declares Special Common Dividend—
changing the company's
fields.
in
mineral
Port Arthur
Products
known
in
(acres)
However,
Aeronautics
Joseph
M.
Paul, %Vice-President of
TACA,
indicated
here
that
44-passenger DC-4 planes would be used on the' San Salvador-New
'Orleans route and'such service * would beinaugurated very shortly.
The airline is presently
providing one round trip air service between
Miami and San Salvador.—V.
165, p. 579.
Tennessee
reserves
145,771,553 barrels In
No
to
and
oil
compared
1946, total crude oil
pipe line mileage, including trunk and
gathering lines, aggregated 6,594
miles, compared with 6,524 miles at the close of 1945.
The foregoing,
excludes data on pipe line
companies in which the company has an
ownership of 50% or less. *
with
specify Intermediate points on the ;:
States, should apply for an amendment to its
application has
the endorsement
of both the :
United
permit.
from
and
delivered
$1,064,674
.
—
Guatemala
San
early
^ ,.
During
-
Miami
crude
Oil
Total
esked for approval to serve
Belize, British Honduras, and Guatemala;
City on its route from San Salvador to Miami.
Y
'YYY
V
TACA was granted air routes
by the CAB in December, 1946, to
;;
of
the
'
1947
—
JiU
will
Leased
Coast-
Airways, S, A.—Fils New Applications—
corporation
allow
u
:
JAN.
for
this
is
company
Fee
charge of
Gulf
H/
•-
'.,,/%■■■■■
TACA
the
1947, and construction of a second jointly-owned1.,
plant, also in West Texas, will be started during 1947, *
Producing and prospective acreage in the United States held at Dec.
31, 1946, was:
Dunlop
Markley,
Net current assets at Jan. 31, 1947
were $3,902,699
compared
$2,603,755 at the end of the last fiscal year.—V. 163, p. 2201.
-
which
on
Mediterranean
7 Susquehanna Mills, Inc.—Earnings—
•'
prospects
completed
of
board.
Industrial
Assistant to-the Vice-President in
W.
1500.
of
24,1947
commenn
proposed deal by
Standard Oil Ctfr
trait»
Socony-Vacuum Oil Co., Inc.. The claim of
CompaenU wi •* J->
ie acquisition of an
interest in
Arabian ACaiS9
,t;
company's natural gasoline and cycling plant operations
are,1
increasing in importance.
An additional jointly-owned natural gasoline
plant located in West Texas is now under construction and should be-
Vice-President.
were:
William
Bates,
R.
p.
of
Comptroller
elected
Manager;
Vice-President
office
was named a
directors
Relations; John R.
Executive
appointed
was
Thayer
manufacture, and
division.—V. 165,
;
Jr.,
newly created
a
favorable
of
The
.
J.
consummation
court
iQoo
to
Howard
T
number
a
reserves were
in California, South
Louisiana, West Texas and the
Rocky Mountain area.
Producing properties acquired by purchase
during the year were of minor importance. ■
v."-;,
;
'
G.
J.
and
estimates
Dunlop, 37-year-old Comptroller, was elected President to
Pew, who has held that office for 35 years.
Mr.
Pew retains his membership on the board— i. '
>..*<£
.■■! v •
>\
The
directors, following the annual meeting of stockholders, also
succeed
London
a
,
imposed
the company
1947, Compagnie Francaise des-. Petrales
jointly owned by Standard Oil Co. ijn.
j.rand
Socony-Vaniiim"uw
Co., Inc.
Before
commencement
of
the pending
London snit
0,1
acquiring leaseholds for new development have been located, but it is
acting on the advice of eminent London
counsel, Standard on ^
(N. J.) and Socony-Vacuum Oil
considerably more difficult to find these prospects than formerly: •
Co., Inc.,.had notified
the siennL-'
Gross additions to the
to
the
1928
company's reserves of crude oil and condensate
Iraq Agreement that under. British
law
in 1946. exceeded production withdrawals and as a
which k i63
governing law, the said 1928 Iraq
consequence at the
Agreement was no
close of the year the
longer in «ff T
This London lawsuit has
company's reserves were the highest in its history.
delayed final consummation of
The additions to reserves resulted
the
principally from the further develop¬ 7 sale of a stock interest by Arabian American Oil
Co. to Stands^
ment and extension of existing fields and minor revisions of
previous % Co. (N. J.) and Socony-Vacuum Oil Co., Inc.
At
scale
impracticable,
stock."
the
split
that
mean
Exchange
the
Monday, March
.
purposes.
New
policy of issuing stock
stockholders
Robert
"the
distribution
made
this
the present
from
year
continued,
7,
4:
.
•
.
Howard Pew, retiring President
said it
declare, in addition to cash dividends, a
put of earnings accumulated in
previous
action," he added,
abandon
The
shares outstand¬
common
.
board
"This
to
on
held.
Jan.
chancery in
and
production for these years was 84,071,329 barrels and 85,874,079
barrels, respectively.
Excepting the year 1945, and the year 1940 when
Illinois production was at its peak, the company's crude oil production
exceeded the production of any other year.
:
7
r.V'"'™:The company drilled 454 wells in 1946.
>• 'J.C J
' V 7'
The search for new reserves is
being vigorously prosecuted.
Geo¬
logical and geophysical activities have been pursued on an increased
to
used
he
in
JNet
J.
policy
each
were
LastWear,
so
action,
the
,
,
;
splitting up
Following the split there will be 4,136,209
ing, compared with 3,446,841 at present.
On
V
company's gross crude oil and condensate production aggregated
98,816,697 barrels in 1946 compared with 100,957,670 barrels in 1945.,
The
S2he stockholders at the annual meeting held on March 18 proved an
increase in the authorized common
the basis of six
.
,..
companies
plan
as
if
the" plan
had
165
$441,955
of
$344,:
reorganization
(Del.)- and its
name
v
comparative
bean
p
208,62*
215,516
.
Nov. 15.
1944, was cc
Service Co.
(Texas), v
abov^ Income statements
beginning of the income period'.—V.
60,903'
$552,941
purposes
show operations of 1
consummated
1501 "
as
of
1
•
Textron,
,
1637
CHRONICLE
THE COMMERCIAL & FINANCIAL
•Volume;!65 J Number 4579
shares tendered
f^r^on0/^hfxeKPansi0" Pf°f.ram'~The loan carrIes * low rate..oflative preferred, it would beaccepted to receive in exchange shares
entitled for "exchange) 96,378 (assuratag
common; 64,252 shares of Ohio Edison common, and 64,252
will be a
mZ*st„and is to be repaid in instalments from 1952 to 1961. Feb¬
Southern Indiana
1324,7rilJ™ ^-T Loan, outstanding Dec.' 31, on the was terminated Fidelity
1946. Payments have been made 1945,
term loan with
Such holdings of
of the three companies would constitute,
Inc.—New Director
were
Consumers
in
Harold B. Hoskins has been elected a director. He also
consultant on marketing and merchandising.—V. 165, p.
shares
of
.
Third Avenue Transit'Corp.—Interest—
in accordance with its terms, so that
of Dec. 31, 1946, a balance of $875,000.
Union Trust Co.
standing
as
■
common.
ruary
common
there was out¬
respectively, 2.06, 3.21 and 13.22%
of
of such companies.—V. 165, p. 1363.-
The consolidated income statement for the year ended Dec. 31, 1946
of .interest of IV*%-will be made on April 1 1947 on
discloses a net income of $51,634, after1 provision for a carry-back
Third
Avenue Ry. Co. - adjustment mortgage *S0-year 5%
income
refund clyaim of $950,000, and after deducting Federal taxes amountgold bonds, due- 1960, on surrender of coupon No. 50, at the Chemical
Bank & Trust Co., New York, N. Y.
'
h.™
Vftrir
cH~ntr-v
v,"
f,10
i. .f
The New York Stock Exchange directs that the bonds be quoted *> last three months of the year were made at a profit.
;
1/4% on April- 1, 1947; that the bonds shall continue to ;r;
Declaration of the dividend of 20 cents per share, which
ex -interest
normally havte been paid Feb. l, 1947 to holders'of preference stock
fbe dealt in
flat,
and to be a delivery in settlement" of Exchange
was
deferred
due
to heavy
cash expenditures for renovation and
contracts made beginning April 1, 1947, must carry coupon No
51
Four diyidends aggregating 80 cents per
«nd subsequent coupons.—V, 165, p. 1324.
.* moving cost. preference stock during the year 1946, viz: 20 share were
paid on the
cents each
on Feb.
1, May 1, Nov. 1 and Dec. 14.
Thompson Products, Inc.—Receives Bank Loan—
The
year
1946 witnessed the most extensive expansion and re-.
adjustment program in the history of the company, involving the
The
corporation has borrowed an aggregate of $10,000,000 from
expenditure of approximately $1,600,000.
five banks in accordance with a credit-agreement dated Feb. 1, 1947.
The loans will be payable in five
equal instalments beginning Feb.
A year ago it was stated that plans were well under way • to*
acquire the plant and equipment located at Weatherly, Pa., which
1, 1950. The proceeds were used to pay on Feb. 13 outstanding notes
of $6,000,000. held by the same- five banks and to pay
short-term >
,
...
was signed on Aug. 13
bank loans of $1,500,000.
The balance was added to workine canital
comPany
and provides that the cost of the plant will be paid in quarterly
—V. 164, p. 3459,1
'
instalments over a period of ten years. This plant is manufacturing
voting stock
;■
the
outstanding
Payment
vnemicai
mi,
would
of
Realty
Tishman
Boat
Electric
The
Company
the Tishman. company,
g-rom
has
owner
for a long term of years
and builder, the entire 21st floor
leased
and pent-house, air-conditioned office building
completion at 445 Park Ave., on the site comprising the entire
{block front between 56th and 57th Streets, New York City.
the 21-story
fin
$he office space in the .building has now
with the exception, of two upper floors. -
,i
Years Ended Dec.
Toronto Chain Store Terminals—Bonds
Cost
quarters
for
Interest
Towmotor Corp.—February Sales
Operating loss
*Set Record—
and moving expense
tax__-._„___—
Federal excefcs profits
Est. refund of Fed. taxes due to carryback pro¬
visions 0£ internal revenue Code^ir.7-i-.77—
alteration
Plant
/At the.
end1 of.February, the corporation had a $3,277,000 backlog of
■■■
the largest in the company's
14, as directors
to .^stockholders
«of• record. Mtarch, J8. This isf the third dividend since public offering
i(0f-the ^shares last June,-previous payments being 25 cents in Sep¬
tember and 50 cents as a year-end dividend in December. Earnings in
1946 amounted to $3.09 a share.—V. 165, p. 983.
imfilledt orders' and February sales were
aiiStoryj" Lester ^M. ~ Sears;. President," stated on March
•voted a dividend of 25 cents :a share payable April l
*
Net
income
;
Towno Securities Corp.—Plans to
.
The .stockholders( Will; vote
would split the common
'
which
r
on
a
Recapitalize— o
77 shares, carrying i a 7 $1.75 rate
old
shares.
7The
'
Which will be given preference over
of "the
preferred
present
Reduced from $100 to $25 a share, but the
had
deferred charges,
the $7 preferred
would provide for the eventual Retirement of all
of the. new prior preferred shares.
This fund would be cumulative
at the rate of $300,000 annually until 1950,
Beginning in 1950 it is
planned to increase the fund by $200,000 a year, non-cumulatively,
Tuntil 80,000 shares of the new stock have been redeemed;
v
The main asset of this company is $4,800,000 worth of Companla
IMetalurgica Mexicana. stock, representing approximately 40% of that
'company's capitalization. The balance of the stock is held by American
Smelting
Refining Co.—V. 164, p. 1638.
sinking
fund
stock
-
operations.—-V. 164k p. 16.
Houston, Texas—Stock Offered—
South & Co.; Houston, Texas, in January offered 30,000
shares of common stock (no par) at $10 per share.
COMPANY—Company was incorporated in Delaware Dec. 31, 1946.
Principal executive offices at 609 Scanlan Bldg., Houston, Texas.
CAPITALIZATION
Authorized capital stock consists of 100,000
•shares (no par) common of which 70,000 shares are issued and out¬
standing, in addition to which the present issue of 30,000 shares is
toeing sold.
When this issue is sold the total authorized capital stock
will be issued and outstanding.
By special agreement the owners of
the 70,000 shares outstanding have provided that none of their 70,000
shares may be sold within one year from the date ol this issue; and by
waiver
of
dividend agreement none of their 70,000 shares shall
receive any dividends until dividends paid to the 30,000 shares com¬
posing this issue shall have amounted to a total of $10 per share.
DIRECTORS
Dudley P. South, Sr., President and Treasurer; D. C.
Corp.,
—
—
Vice-President and Secretary.
PROPERTIES—Company was organised to take over certain produc¬
ing and non-producing oil and gas leases, and to operate and develop
these leases as well as to expand its business generally as provided
Jarvis;
tinder
D.
its
P.
Jr.,
South,
($1
charter.
-
producing
n
"
..
'
^hali. of the cost of-drilling tjris dease,
or'to make some other deal.
Since;this; lease has such favorable geology already
demonstrated,
^itsf.potential .value is considered- by the company to be large; however,
should be-regarded as a wildcat area until proved productive.—
V. 165, p. 344.
"' • • •
>'1
.
...
...
Inc.—Loan Placed Privately
Defers Preferred Dividend-Annual Report-Harvey W.
•I Harper, Chairman, on March 1 said in part:
order to provide- sufficient
funds to finance the expansion ot
a facilities,
an agreement was reached with The Prudential Insurance
Co. of America in -1946 under the terms of which $1,250,00 was made
'
-
'
*
Tung-Sol
Lamp -Works
*.,$u-
'
Installations*-
corporation
85,000
furnished
City low cost housing program,
it was *n-
,
'. •<
' /
.
; —
Pacific Steel Boiler Division also supplied thfee
huge Pacific boilers for the John Lovejoy Elliott Houses, now nearfng
completion in mid-town Manhattan165, p, 984.
t; v ; V
7*
,
,
company's
The
..
^,
Production Schedules
order.
?
con¬
Arnot:
urban coach
which aie
Our present backlog
in the history of the company."
Production of 10 urban coaches
per
heavy
sponge
The
Paper
V
III--™-
income
income,
-
etc., taxes
*
—
——
.
for depreciation
company's net worth
Provision
the
year.
Earnings
urban coach
year
share,
per
before.—V.
United
$44,87U80 $41,391^16
9,488,193 6,872,680
4,233,240 5,226,213
»5'25!^3,
The
commission
•' •;
..
1
,
iiabiiities eq"al.J0 s?'o97 998'
1946 totaled $1 097, .
$17,469,912 to $21,072,343
"
tC
The"proposed
exchange
would be made
pursuant to a plan
Commonwealth with the SEC last October which contain
to exchange $6 series, up
ferred stopk, for each two shares .of its
46 «*es.
t0 and
stock, the following securities held in its portfolio.
Consumers Power Qa., 3 shares (no par) common; Ohio
2-snares
($8 par) common, and 2 shares of (no par)
Southern
If
U.
Indiana |Gas
G.
L^end^red
&.E^eptric Co.
64,2^shares of the
of^734 sfhco
1947,
TELEVISION SETS
>'■
'47
$167,081
Dec. '46
_
0f £Uch
Edison Co.,
common
Commonwealth $6 cumu
1946,
since
-47
153:903
NOV.'46
$35,254
Oct. 46
$64,304
15,326
11,488
Sept.'46
product*equipment.
substantial pwfit
set deliveries
do not include the company's other
(
radios radio phonographs and special electronic
It was also announced that this company made a
jn
in
JailUary
January
»nU February.
and ruuiumj. The .curve of „ television "Riff PiCtBTF"
Z l-l
,
nth. TTaT*
NOTE-These figures
,
should increase
markedly
It has been
'
«,^{eA„ rn
according
Co.—Shipments—
Television Mfg.
SHIPMENT OF
-
fan
the lat*Ped ^
including 40(>'00(> shares 01
operations
on Feb. 7, 1947,
1946.
stockholders, An increase
■pph
*' -
stock,
----- -portfolio securities of
Nil
Corp.—Gain in Stockholders—
168,166 common
United States
7
March 13 to the
shares
$79,412
preferred stockholders of record Feb. 3,
totaled 75,353, an increase of 94 since Nov. 4, 1946.
On Nov. 4,
there were 75,259 preferred stockholders, an increase of three
Aug. 5, 1946.—V. 165, p. 1238.
'
increasea from
of cumulative preferred
wealth & Southern Corp. for certain
64 253
Steel
>'
1946
AUThe9'corporation's
Improvement Co.—Seeks Authority for
Acquire Certain C.&S. Portfolio
applied
States
corporation's common stockholders of record
168,455, an increase of 209 since Nov. 8,
J946, there were
Securities and Exchange
for .authmity to, exchango all or
company
M". $0-12
1947
United
V
$1,701,308
and taxes..,—
$480,562
Earnings per com. shr. after pfd. diw.requir..—
$0.39
The increased net profit in 1946 reflects the resumption of
in Alaska, though still restricted,
and higher metal prices,
to
M.- H. Kuryla, President.—V.
164, p. 3337.
This
Exchange—Would
Securities—
1945
*
profit after charges
numbered
1946 amounted to U*652»521, pr
compared with $1,080,485, or 85 cents per share, th
165, p. 580.
Gas
v1946
and taxes—
$2,495,327
per com. shr. after pfd. div. requir.—
$1.62
RESULTS FOR TWO MONTHS ENDED FEB. 28
■
and depletion in
Cash dividends in
MONTHS ENDED DEC. 31
profit, after charges
Net
S4-1,5
»1-JU
Chairman, pointed
was able to
plant expansion and
10 ^8.
to $8,342,388, witn
share
1944.
14,
EARNINGS FOR 12
Net
-
Oct.
paid on
was
'
—
common
.
.
be devoted to
his
$1.30
-To
1
Corp.—Earnings—
earnings
during
and instl-
stores, public buildings
department
restaufants,
Smelting, Refining & Mining Co.
Pay 50-Cent Common Dividend—
The directors have declared a dividend of 50 cents per share t>n
the common stock and the usual quarterly dividend of 87% cents per
share on the preferred stock, both payable April
15 to holders of#
record March 28.
On Jan. 15, last, the company made a distribution
of $1 per share on the common stock, the first since one of 25 cents
statement Alexander Calder, President and
out that 1946 was the first year in which the company
reflect in the form of net earnings some of the
modernization that has taken place over the last
Working capital at the end of 1946 amounted
the ratio of current assets
to current
The
Co.—New Product—
tutions.—v. 165, p. isoi.
Mr. Arnot.
substantial increase over the
Net^Sr^^ Years—
In
Inc.—Plans Merger—
merge
need for luxurious carpet underlay that will resist
traffic, this company is now manufacturing chemically blown
rubber for immediate delivery] it is^nnounced.
•'
new underlay is recommended for use under carpets in hotels,
theatres,
$3?,-
day was forecast by
Twin
Union Rag &
Net
to
'•help meet the
$32,000,000 is the largest
.
Coach facilities will now
production.—V. 165, p. 1237.
Federal
alphabetical
?
,
United States Rubber
.
of over
schedule is a
emphasized that this
°AU ofV
Net
proposal
To
engine coach has now been
in order to concentrate all
of urban type motor coaches.
"This decision means that we are increasing
schedules to hasten delivery of urban type Twin
urgently needed by transit operations throughout
country.
He
oluUVI
alphabetical
this corporation with its wholly owned sub¬
sidiary, the Glanworth Realty Corp. will be voted on by stockholdfeva
at the annual meeting to be held on April 22. The surviving corpora¬
tion will be known as U. S. Rubber Reclaiming Co., Inc.
Under .the plan, each share of $2 prior preference stock would bo
exchangeable for 1.46 shares of new $1.40 convertible preferred stock
of the consolidated corporation;
each share of the present Class A
preferred stock would be exchangeable for one-tenth share of con¬
vertible preferred and two shares of common stock of the consolidated
corporation, and each share of common stock would be exchangeable
for two-thirds of a common share of the consolidated corporation.
The
preferred shares of the consolidated corporation are to be
convertible into common stock on the basis of three shares of com¬
mon stock for one share of convertible preferred stock.—V. 162, p. 611.
schedules were
company's 1947 production
in the
changes
Coaches,
the
it it nof
United States
Mr.
earlier
possible,
Rubber Reclaiming Co.,
U. S.
A
....
..
Changed—Has Backlog of
revealed on March 15 by Mr. Arnot.
Production of its intercity type dual
deferred until the first quarter of 1948
Twin Coach facilities on the manufacture
Said
reasons
to arrange companies In exact
However, they are always as near
position as
000,000—
Drastic
mechanical
NOTE—For
possible
deliveries H. C. Arnot, Vice President in charge
of sales, said: "In spite of the fact that February is a short month
and that the Kent (Ohio), plant was• shut down tiuring the-'lirst
week of the month, February deliveries are only four coaches' less
than January deliveries."
„
'"7 The? company has a one-half interest in a lease on 520 acres in
Harris County, about 13 miles north of the city of Houston.
As a
• result J of" drilling
operations in the vicinity,, .geologists have reported
; a closure favorable to the accumulation of a commercial oil deposit
under the lease.
It will be necessary for the company to stand one-
%
,
165,
.
part of the New York
nounced on March 18.
delivered by this company
during February.
In reporting Fcbruarv
■
|
common
Output—
coaches were
motor
131
of
*
;
$212,552
137,302
57^451
$0.26
Nil
stock
$23,953,380.
shares of
and its subsidiary, Pacific Steel Boiier Dlviaf&n, ,..
square feet of radiation and five huge Pacific
boilers with 36,430 square feet of direct steam radiation each for tho ; :
$13,298,000 Brownsville Housing Project now under construction *• a
$106,997; total, $6,974,247.
Coach Co.—February
total
A
Earned per
property is a contiguous block of three leases comprising 145 acres located in the Humble Oil Field in Harris County,
; ^ Texas. Of these leases 95 acres were obtained from the Humble Oil &
I :1 Refining Co. and the Gulf Oil Corp.; who own fee title to the land
jointly. ; The company has leases on two tracts of 25 acres each
J* adjacent to this 95 acre tract on the west.
One of these 25 acre
v tracts
is leased from Continental Oil Co., the other from a private
ownerf;'••/.
v-''!;t,The: company has a lease on 1,460 acres of land in Montgomery
Cbuntyi Texas,
a
few miles north of the West Conroe oil field.
^Preliminary data indicates that geological conditions are favorable'for
the: production of oil on this lease.
At present it must be regarded
H as a wildcat drilling block, and its value as yet to be proven.
The.
....
.
.
This
have
137,302
v
United States Radiator Corp.—New
Crl3,000
$51,634
Co^—Subscriptions—
subscribed for 399,223
stockholders
p. 580.
$150,000; 80 cent cumulative convertible
(issued 171,628 shares), $584,895; common
par), $317,788; capital surplus, $542,747; earned surplus,
treasury common stock at cost (16,933% shares), Dr$104,$6,974,247.-rV. 164, p. 465.
$1,816,215;
743; total,
Twin
Expand Operations—
The corporation has opened a new office in Boston, Mass., pre¬
paratory to inaugurating service between that city and Canada's
^Eastern provinces and Newfoundland on April 1, as part of the com¬
pany's expansion program for 1947. The company is 100% owned by
Canadian National Railways System.
Incidentally, the Canadian Na¬
tional Steamship Co., another subsidiary of the railroad, is planning
to resume its popular "Lady" boat cruises to the Caribbean.
Routes of Trans-Canada Air Lines now total nearly
7,000 miles,
Transgulf
share on
stock, all
2736. v. / •
$20) under the recent offering for an aggregate of
254 unsubscribed shares were removed from registration.—V."
The
$198,581; reserve
Trans-Canada' Air Lines—To
.
United States Gypsum
The
general contingencies,
preference stock, no par
for
*
'exclusive of its transatlantic
share
per
(par
accounts
Weatherly
Federal
companies),
Prudential
$1,250,000;
shares.
A
declared a dividend of $1.25 per share
and the current quarterly dividend Of
3,792 outstanding shares of 7% prefeirwsdf
on March 13
accumulations
on the
also the' regular quarterly dividend of $1 per
outstanding shares of $4 convertible preferred
payable April 1 to holders of record March 17.—V. 164, p.
166,590
LIABILITIES—Bank loan (due quarterly in 1947), $100,000:
payable and accrued expenses, $975,847; purchase contract,
plant (portion due within one year), $22,695; miscellaneous
and state taxes, $166,674; Federal income taxes (subsidiary
$168,615; unclaimed dividends, $9,933; note payable to The
Insurance Co. of America (due serially from 1952 to 1961),
bank loan (due serially from 1948 to 1955), $775,000; purchase
tract, Wetherly plant (portion due after one year),
previously been
liquidation and redemption
which remained at $100 would be cut to $25.
payment of $4.50 would also be made on'each of
•value
A
the
1
stated' value
of
$4,125 a share.
will be used to
164, p. 2194.
low
(
:■
capital.—V.
ASSETS—Cash, $294,625) ¥tJ. -S.' Government
market),
$500,126; estimated refund of
and
«llminate the ..arrearage,* amounting to $29.50 pet share, oh the latter
iSSUe.
.
The-directors-have jspeclfied.that 90% of the preferred and 50%
<of the common stock must approvie the plan for consummation, but
ihey haye reserved the right to lower the preferred percentage.
It is planned, that each share of the presently outstanding 40,000
■shares of $7 cumulative preferred
stock be exchanged for five new
g
v:
'
stock, and
the
56,364
CONSOLIDATED BALANCE SHEET AS AT DEC. 31, 1946
securities; at cost (be¬
Federal taxes due to
carry-back provisions of Internal Revenue Code, $950,000; trade ac¬
counts receivable
(after reserve for bad debts of $48,733), $892,460;
other accounts receivable, $93,154; cash surrender value of life insur¬
ance, $79,471; inventories (at lower of cost or market),Ve
$1,726,469;
miscellaneous investments (cost, less reserve of $1,600), $600;
plant
and equipment
(after reserves for depreciation and amortization of
$1,740,027), $2,330,344; franchises, licenses, patent rights, etc., $1;
.
plan of recapitalization
and preferred stocks five-for-one
per#
directors
account
$1.75
20~906
Dividends, paid on,
Earnings
*
\
Co.—Accumulated Dividend—
United States Finishing
The
on
$456,321.
Cr950,000
—
preferred stock
preferred stocky——
common share...
on
Minneapolis,
Corp.,
offered publicly at from $3,625 to
York. Proceeds •
reimburse treasury
235,863
—
—
-
paid
Dividends
,
r
,
George F. Breen, New
and for working
Underwriting,
27,287
$266,227
465,549
applicable to profits of subs. cos.
Federal taxes,
.
on
company
57,000 shares will be
207,290
income
Federal
•
7
1
—
1445.
160, p.
States
$690,898
46,376
Tbe
March 13 filed a letter of notification with the
SEC for 75,500 shares (10c par)
common. Of the total, 18,500 shares
will be issued to Archie S. and Mae Feinberg as a part of the con¬
sideration for
purchase of co-partnership business under name of
Great
National
Air Conditioning Co., Dallas, Tex.
The remaining
YEARS
1946
1945
$10,116,994 $10,064,785
admin, expenses 40,097,885
9,373,887
238,962
plaintiff.—V.
The
the
the
sole
'
$19,109
■nie
civil action against United Shoe Machinery Carp,
that the patents were valid and infringed.
Air Conditioning
Minn.—Files with SEC—
-
(net)
paid
,
the
United
STATEMENT FOR CALENDAR
.
income
—
and amortization;
Operating
129, p. 2874.
31—
goods sold/ selling &
of
Depreciation
Called—
j^tionat ^strihuting Prop^
'."
,
sales
Net
>
The lessee,,now located at 40 Wall Street, will use the new
for-its .New York executive offices.r—V. 165, p. 1324.
the former.
eof
CONSOLIDATED INCOME
been. leased, for long terms,
.£};■
See
us
nearing
easterly
All of
Newton,
found
court
correctness of both findings.
The
Circuit Court said that the lower court should make certain,
additional findings of fact, then could rule either for the defendant or
Bloomfield,
operations in the Newark area in one building and releases
entire
Orange
Street plant, which had formerly housed both
miniature lamp and radio tube manufacturing facilities, to the
in the manufac¬
:v.'o*
two patents used
G. Sweeney had ruled in favor of Jacob S.
Mass., and International Shoe Machine Corp.,
George
defendant, on appeal, challenged the
,
tube
of
plaintiffs in a
goaly of more efficient operation in the Newark area has been
by occupying 110,000 sq. ft. in a plant located in
N. J., three miles from the Newark plants.
The Prudential Insurance
Co. of America has leased this building to us for a period of 25 years,
at a
reasonable rental.. The addition of this plant combines radio
Construction Co.—New Lease—
&
Judge
Kamborian
The
realized
of
Court
shoes.
District
lower
Circuit
States
corporation had infringed
this
ture
exclusively.
miniature radio tubes
Roofing Co., Inc.—Chairman Resigns—
Tilo
JFenton R. Brydle on March 14 resigned as Chairman of the board
aind as a director.
His successor is expected to be appointed next
rmonth.—V. 164, p. 2736.
United
that
United States
the
had operated as lessee of an agency of the
Government. The formal agreement of purchase
y
*
Appeals at Boston, Mass., on
March 14 vacated the judgment of the District Court which had ruled
ing to $166,590 applicable to profits of subsidiaries. Sales *for the
-
Vacated—*
Shoe Machinery Corp.—Ruling
United
The
taurants and
clubs for
Universal Match
Corp. (&
EARNINGS FOR
Net
earnings after
Earnings
earnings
per
p
Dividends
during
In
as th? ordinary
'widely crowds.-V. 164, p. .451. f V
sold to
entertaining large
all charges
Subs.)—Earnings
CALENDAR YEAR
138,336 common shares
were
amounting to $2 per share were
share on
1946.
1945, the
h
.
company
1946
e
earned $3.98 per snarei
$855,292
$6 18
and Federal taxes.
rxaf^
pa
_v
—
to stockholders
165
p.
v
1238.
r..
14.^
r<
\
THE COMMERCIAL & FINANCIAL CHRONICLE
1638
r
Monday, March 20947
■■
Universal
Inc.—Official of Unit—
Pictures Co.,
T.
^ the PlannIng
gency
Embassy in London.—v.-165, p. 854.
A
'
/
;
/
of
in the amount
borrowed $2,250;000
which
$300,000
has
been
Western Union Telegraph Co.
Month of
repaid.
directors have authorized the
corporation to offer 97,846 shares
.of Unissued
stock {including all of the
present stock previously au¬
thorized but unissued and
89,231 shares of the additional stock) to
present stockholders of record March 20 at
$30 per share on the basis
of one new share for each four
shares
JJe cessation iof hos
was
contract,
The
■
.
-Earnings—
January-
Operating
1947 V
194S
$16,329,701
$13,574,640
15,761,891
15,696,662
revenues
Operating
revenue
"
expenses
—
"
Net operating revenues
Ordinary income—(noncommunication)
held. "Warrants will expire 20
days from the date of issuance. Any balance of stock
offered and not'
subscribed for by stockholders will be
sold to such persons, at such
prices -(not less than par value) and upon such terms as the
board
of
directors may deem advisable.
:
representative on tlm Eroer
attached to the American
appointed an American
Economic Committee for Europe,
he
this
under
^msf°rUMted
tilities,
Dec.
31,«1946, the corporation's
surplus was
$7,323,077. As of that date, the corporation had
.of
Dickinson, Jr., has been named Vice-Presidept in charge
of the development and distribution
of educational
World Films, Inc.,
a
subsidiary.
Before the war he wias *esearcn
assistant
to Irving S. Olds, Chairman of
the bo
planning
States Steel Corp.
Later he was executive director
committee of the War Production Board, and on
Edward
of
As
•V
Gross
ordinary Income
Deductions frqm ordinary income
$567,810 *$2,122,022
102,505
116,211
-
$670,315
"•'$2,005,811
521,305
..
551,751
;
_
.
Universal
The
National
First
transfer
Co.—Co-Transfer Agent—
Winding
for
agent
Jersey
common
value.—V.
par
Changes Financ*
Utica & Mohawk Cotton Mills, Inc.
of
this
general
financing will be
corporate
used
incident
purposes,
to
Net
to .the best
ordinary income—
Extraordinary current income
the
Net income transferred
,,
*
Deficit.—V.:; 165,
--
to earned
p.. 1364.
$149,010 *$2,557,562
6,758
16.48Q
.—
surplus—
&
*
'
authorized
reported that the $2,500,000 preferred
financing program was abandoned prior to submission to
stock¬
holders Feb. 28 and that a more advantageous financing program is
being contemplated.—V, 165, p. 256.
15
March
on
company
at
this
by
stock
the
but
time
unissued.
that
so
board
issuance
of
This
in
additional
it
case
directors,
is
authorization
is
additional
stock
A,A;
.
be
A,
of
Wheeling & Lake Erie Ry.—Control by Nickle
Plate
>
made
Approved—
desirable
for
'A
stockr
...
will Abe- available
ip the future without requiring further action
holders.
to
subsequently considered
the
.A--r.vv.:A' /'
,
.
,
The ICC
!
,
.
March
on
10
CONSOLIDATED
Co., Inc.—Earnings-
Calendar Years
Net
income
taxes,
1947
after
depreciation,
charges
etc.,
of
-
*The
was
total
transferred
which
Gross
Cost
$1,570,864
$690,804
258,182
$6.07
$2.61
———
income
$1,040,804,
for contingencies
1946
258,632
Earned per share__
included
to
of
less
goods
returns
allow.
&
FOR
CALENDAR
32,036,150
1,365,531
393,046
and* repairs
Deprec. & amort, of plant & equip.
Royalties
Sell.,
&
gen.,
admin,
exps
V&
669,583
421,481
4,600,970
4,388,074
$2,867,440
218.045
$4,728,842
■■
.
AA,<>/• aAaA':'*
.
Sales
Other
Veeder-Root, Inc.—Plans Stock Split-Up—
The
stockholders
authorized
share
for
This
will
vote
capital stock,
and
issue
to
share
from
March
no
basis#:
$12.50
25
'<
•
If
to
on
400,000
shares
,J
iv ■*
adopted,
$6.25 per
will
Va
.
the
would be
i' 1
value
& expenses
dividend
No.
of
Prov.
$5,114,787
239,063
219,814
bondholders'
protective
17,
dividends,
Ind.
State
The
and
1018
certificate
returned.
Citizens
will
;'Y':A
National
endorsed
be
i'AA.'0'"A..A'aA,
•••
Bank
showing
A; 20,638
AA A
9,888
6,054
surtax
1,920,288
128,066
•
to
earned
$3,050,453
Dr466,678
$1,041,575
Cr5,865
'$1,441,983
Crl2O,015
aAA 758,508
$2,583,775
702.770
surp.
'
$1,047,440
$803,489
782,770
782,770
CONSOLIDATED BALANCE SHEET DEC.
31, 1946
cost,
Whitehall Fund,
692,895
2,577,662
93,906
Marine
$27,861;
or
regi
»]
Company is
A'
a
one
$490,963;
accounts
securities
receivable
of
Canadian
$5,579,137;
A
'
Government,
inventories
(at
Discussing the
raw
sugar in
lower
market), $11,404,298; investment
of $34,079), $4,612; other
value
amounts
stock
($6.50
A
\ t
Sugar and molasses produced-,
Cost of production—
Selling, general and admin, exp
Prov. for depreciation™—
Other
general
SEPT.
expenses
1945
■
>'
Income
i
•
$3,196,079
614,010
income.
$2,076,021
910,905
■
tax
A,
Net
income
Dividends
to
V
it
A
•
&
Co,———0 21,350
Paine,
Webber, Jackson &
Curtis _i—
H, Rollins & Sons Inc.
Straus
165,
and
A,'A
&
Hallowell, Sulzberger &
A
10,000
The
10,000
I.
du
Co.
Pont
&
—
Ohio
8,400
:
3,800
The corporation
has
the
Provision
on
March
3,800
.
Virginia-
East
Service Co.-*-V.
2,000
Co
Net
2,000
■
1,500
the
store
Hollywood,
property for
The
1,500
stockholders
capital
There
p.
380.
:
are
at
stock,
165,
p.
on
par
$15,
17
a
'^lent would
wSSfrt
the
increase
the
from 400,000 shares to
600,000
shares issued and
outstanding.
ProvIde
other-
funds
corporate
which
enables
for
taxes
Authorized
debs,
stock
conversion
$200,000 Loan—^:
borrowed $100,000 from the Ameranda
164, p. 3193.
a a
'
'
A.
-
,
and
;va : A aaaa , ,Ar
—™™—
•
Jncoiue taxes--™—
906,892
954,873
A; 810,160
Crl07,,300
A
A 932,378
832,565
v
350,100
$1,841,749
8,802
it
in
equal
shares.
held
:
—
----U
if
-
to
borrow,
represented by notes of
semi-annual
installments
over
corporation shall not
corporation's
surplus,to
be
on
paid if such payless than $4,246,147.
1,500,000
Mr.
to
natural
gas
equivalent
resulting from
165, p. 256.
the
'
the
Bell
300,000 shs.
the
cumulative
18,000 shares reserved-for
A
amounting to
corporate
BUSINESS
.:
approximately
purposes.
--
AND
$679,410,
PROPERTY—Company
not
will
'
,
,
used
be
The company for
many years has been
engaged in the manufacture, distribution
and
soaps
:
,
toilet
preparations
on
a
and intends
and sale of
to
continue to be
toilet and laundry
commercial basis.;
sells
ican
countries
sales.
-V
principally to
have
iA.A
never
amounted
A:A.--
A UNDERWRITERS OF
number of shares of
to
Canada
than
more
and Latin
2%
are
as
','v.A':y
Paul H. Davis & Co.—
1,104,832
466,518
Whipple &
follows:
Shares
Co.—
Faine, Webber,
10,000
5,000
5.000
Kebbon, McCormick
Lester & Co.-.;
$896,389
A^.' '
26.000
reduction
&
Co.
;
ShAneaI
A A a -A
.
••
William R. Staats Co._
6,<500
Straus & Blosser—5^000
10,000
■
in
Jackson
Curtis
.A—
■' 5,1500
Piper, Jaffray & Hopwood 5,000
Shillinglaw; Bolger & Co.- 5,000
5,000
-
the
and
No, nf
Brailsford & Co.—-u!—_^
Julien Collins & Co
$1,362,907
total
A
COMMON STOCK—The underwriters
stock
Amer¬
its
of
A.-A "
..
common
$2,467,739
$607,027 A
estimated
•
8,000
G. H.
Walker & Co.—---A 5,000
'
'
-
.
to
for
V-;
was
It also produces
glycerine derived as a by-product in
the manufacture of soap.
A * "The - company's
products are marketed
principally in the United
States. Its foreign sales
made
and
$2,466,044
/A
1,695
$1,047,057
440,030
such
for
available
'
.
incorporated in Illinois
A/Feb. 13, 1895 to carry on a business
established in 1862 by Allen B.
Wrisley. Company's factories are located at
Chicago, 111., and Newark,
N. J.
impending
M
statement
100,000
17.—V.
shares
165,
p.
{No,
6950)
(par
1364.
filed
Co., Inc.- -To
Subscribe—
proposal
April
8
will
has
be
sent
increase
is
shares
will
a
be
at
authorized
shares.
approved,
said
that
SEC
Feb.
,
with-:r
A
it
is
pro
Profit
from
the
Federal
annual
capital
advising
meeting to be
stock
to
income
excess
Prdv. for
9,000,000
rata to
the
that
the
stockholders
in the
issue
"•construction
history.
&
Telegraph Co.
7,482,866 shares outstanding.—V.
165, p. 1502.
.
Net
near
would
for posjible
price
$1,192,734 .-A- $917,216
-28,404 r-A
9,718
v,. 110,000 A
130,000
769,000 t-r. 565,000
45,548
500,000
taxes
future
declines—
■
be
99.81%
of
profit
100,000
165,
p.
$812,682
-
-
$285,329
$212,498
1364.
from
largest peacetime
1 u Aim
owns
$1,258,231
6,049,089
2,267,332
additional
-V.
proposed
-
2,644,929
;
—
reserve
inventory
7,062,312
2,949,698
-taxesii*.—™—_
profits
Dec. 29, '45 Dec. 30, '44 A
$11,735,523 $10,899,976, $9,233,633
^
7,527,594
operations—
expense
Federal
stockholders
contemplated
proceeds from
sales-——
operating expenses..:
Interest
to
Dec. 28, '46
——_
of
Other
A;1
A'A\!
sales: _-u^i——
Cost
Stock—To
financing the heavy demands for telephone
equipment
System, which is currently engaged In the
program in its
The' AmericanTelephone
Net
28,
,
offered
the
the
Increase
letter
submitted
to increase the
7,500,000
with
$10)
preferred stock, was
'-A ' At".;..;' a"-AA''AA'-.'.'-'a v; •
Electric
a
Stoll
in
of
proceeds
purposes,
general
dollar
$1,850,551
A
803,494
—:——™™_
future.
used
and
second series.
Kalman & Co., Inc
i
Stoll,\ President,
from
the
series
conversion
•
Bacon,
1——
———
preferred Astock-^~—;™™-
Rights to
that
shares
additional
v
°/k
the
March
Western
G.
4%
for
No. of
——
registration
Offer
3,000 shs.
►350,000 shs.
reserved
stock,
the 4%
3,000 shs.
3,000 -Shs.
cost of additional
Aor replacement power house
and generating
equipment for its Chicago
plant and approximately
$272,000 to pay the balance on the cost of
additional or replacement
processing and production equipment at its
Chicago plant.
The balance of the net
345,300
—
preferred
of
$632,300
6,000 shs.
A 3,000 slis.
par)—
shares
Outstanding
$652,600
Beverage
covering
them
the
•
r.A; PURPOSE—Of the net proceeds
company intends to use. approxi¬
mately $185,000 to pay the balance on the
cost of the building program,
approximately $178,000 to pay the balance on the
Petro¬
1947 A'
;
1946
$14,576,948 $14,312,672
9,815,446
8,824,693
-
($1
18,000
•♦Includes
Years Ended—
The
author¬
purposes,
'
-how"'vfffitf<l0'teA»f'
new
•
——;
property.—V.
C.
to
>'
preferred
'
Common
A .'; iA:;
brought the promissory notes of the Warren com¬
Federal
conversion
drawn
.
rprtn
reduce
on
Wells
bank .contract
maturing
f
income
♦For
'
voted
underwriting.
Stock:
Convert. pfd.> 4% series ($100
par)
Convert, pfd. stock, 4% second
series
4$100 par)
.-A'A'-A,A; AAAAAA;,
depreciation-,
income
income
726.
March
present 391,385
fro
in
in
operating
income
Other
>
1Jt47'. Up.t0 $3'000'000.
voorc
ivL I
for
Balance
fixtures, but not the
a specialty store, in Boston,
20-years from April 1, it was
date °/ borrowing. One of the restrictive provisions
irti ?nmmnir8i aSr ?lat the corPoration agreed that dividends on
nf
convertible
Withdrawn—
negotiated
fh^
for
total
a
,
and
Coast
?* rar, 1945, in order t0
.-cap
'
Plant expansion and
ccsrporation
l
has
Income. ^ deductions
store- comprises five
selling floors of an
completely remodeled when it was opened
was
who
1946
established Aa
$348,409
AAA'
provision
Gross
Wagner Electric Corp., St.
Louis, Mo.—Increases Cap-"
to Stockholders—
ized
in
shareholders
2,000
italization—Rights
The
A
paid
.<
-
Common
;AA:' authorized
company, points
916,720
taxes
♦Special
Utilities, Inc.— To Sell Bonds
Through Competitive Bidding—See East Coast
Public
i
General
Provision
Corp.—Acquisition—(
of
the
18.
eight-story building. It
last September.—'v. 165,
S|:>
of
this
haf) been
1
for
Dividends
purchased
House
Mass., and has leased
ii A"
1946
Mr.
of
dividends
been
Operating
Operation'
2,000
3,800
Dare Stores
merchandise -of
A V
lender
3,800
Co.
for
(subord.) due April 1, 1970
Cumul. pfd. stock ($100
par), 6,000 shs.
:a
broker,
Winckler,
proceeds
Net
announced
in
has
in
Maintenance
3,800
Reinholdt &
Gardner—.,
Fauset, Steele & Co
Mason-Hagan, Inc.
8,400
affairs
1502.
p.
12 Months Ended Jan. 31—
Of Shs.
Blosser_—___™
Francis
Agent
stock; 4% series, subscribed for prior to
Dec:; 28;A1946,;;and" issued
after said date and (il) Ato <the issuance ^
3,000 shares of cumulative convertible
preferred stock, 4 c/o. second
series, and T-the 100,000 shares of common stock
Washington Gas Light Co. (&
Subs.)—Earnings—
number
' No.
-
11,100
Corp.——-
directors.
v
■ |
,
First National
Bank* Chicago.
City National Bank Ac Trust CoM Chicago.
CAPITALIZATION—The capitalization as at Dec.
28, 1946, and as
adjusted to give effect to
(i).:the issuance of the 1,119 shares of cumu¬
5%
1363.
p.
J Virginia
"A
165,
investment
$202,875
million
earnings
These transactions
385,015
the
15,000
Graham, Parsons & Co.—
Piper, Jaffray & Hopwood
Hallgarten & Co._l;——
"A'.)'
and
of
in the
of
$2,444,219
15,000
Cruttenden & Co
I
company without
Transfer
lative
equal semi-annual installment of
$10,00O.^Af'v ,A • . A;
from this borrowing will be used in the
construction
and installation of facilities for
compressing and delivering residue gas
for injection into the
producing zone at the Fairbanks, Texas, natural
gasoline plant.
;-'iAAA. ;vA' .AA":" ■••■^vAA AA'i a-.A'A'v;A;A;'vA.,--.y
A
Hayden, Stone & Co
Kebbon, McCormick & Co.
Newhard, Cook & Co.
15,000
„
n
half
a
corporation
to each
follows:
I
Loeb, Rhoades &
Lee Higginson
underwriters
as
Chicago—Stock Offered—>
issue of March 10 of the offer- •
Registrar for Comihon Stock;
not
Corp. and another $100!o00 from Stanolind Oil & Gas
Co., a sub¬
sidiary of the Standard Oil Co: .(Indiana). The notes are
repayable
$3,660,542
962,614
the
are
is
Co.,
our
An issue of 3,000 shares of
cumulative convertible pre¬
ferred stock,-4% second series
(par $100) is being of¬
fered at pa* by the
convertible
587,305
-
board
and
Warren Petroleum Corp.—Receives
Ai, 135,718
1,080,605
$2,309,882
No. of Shs.
■
Shields & Co.—
V{
of
names
purchased bv *>*«h
Co.
—V.
the
prominent
payment
and
years,
security
pany outstanding ito $17,700,000.—V,
$2,962,419
1,443,921
be
White, Weld
S
13
This
80,000
1—
UNDERWRITERS—The
of shares
E.
$2,986,927
V 72,357
524,687
68.236
779,434
—_
contingencies^-.
H.
rv'
the
three
over
of
been
with
high since 1929.—V.
$3,073,237
A
$3,810,090
dedu ctions
M.
Chairman
The
income
for
Carl
Winckler,
time has
that
last
-
Prov. for Cuban profits
Prov.
of
1944
•"
v
Total
out
J.
leum
profit
Miscellaneous other
>-
elected
30
$15,632,397 $11,175,908 $12,303,995
11,052,767
7,990,518
8,236,558
1,213,949 v,
936,066
821,686
160,586
161,043
160,511
9,015 A.
12,257
12,002
Gross
Pi'
Frederick
some
ENDED
Wrisley
made in
j
962,614 shs.
1946
j
it
reasone
Walker & Co. (Mich.)—Chairman El^ted-^A
1,500,000 shs.
par)v——
B.)
was
follows:
Outstanding
INCOME STATEMENT, YEARS
mechanical
"right now"
*
..
CAPITALIZATION
CONSOLIDATED
appointed
1238.
ing March 7 of 100,000 shares of common stock at
$12
share by Paul H. Davis & Co. and associates. A
always
possible to arrange companies in exact alphabetical order.
However, they are always as near alphabetical
;A
position as possible,
A;-a\Aaaaa
■■ ';'A "A': aA
t
except
required for local consumption and for export to
Agencies of the U. S. Government had also purchased
practically the entire previous Cuban sugar crops since 1942.
Common
NOTE-—For
'
other countries.
A A A •
Authorized
been
165, P.
per
In
•A.
has
The company
.
Mention
taxes),
normal years all
sugar and molasses produced by the
company
are
sold in the United States and
other countries.
The Commodity
Credit Corporation has contracted to
purchase the entire 1946 and 1947
Cuban sugar
crops, including blackstrap molasses and alcohal,
small
York
stock.—V.
AiA
accounts
.
New
dividend A outlook,, Mi'.
increase
no
(Allen
.
for
be
stock-
mon
of '
,
Cuba, with
of
common
Wilson said there probably
in the rate being paid on the compaid 60 penis .a share 4n dividends on the
compion stock in the year ended Qct. 26» 1946, and earnings for that
year were
equivalent to $3.43 a share.
The company has continued
paying dividends at a quarterly raie of 20 cents in the current
fiscal
year.—V. 165, p. 727.
would
at
LIABILITIES—Notes
a.-;A''Va,;.-r>:.•''a!;a/-;^aA a'/
of the largest producers of
Co.
stockholders at the annual meeting, held March
18 that he
thought they would "be pleased with the results we attain "for
you in
,
payable to banks within one year, $3,100,000;
payable, trade, $2,314,182; accrued taxes (other than income
$132,443; accrued royalties, $175,781; accrued wages,
$219,093;
a
provision for estimated taxes on income,
production capacity
of approximately 1,700,000 bags, 329 pounds
$2,057,914; other current and
accrued liabilities, $366,128; notes
each, during the grinding season.
AA'A'A'- : A A'vA;a ; AAA
payable to banks under loan agree- "A'A'A
AA
ment
The company is engaged
(non-current), $1,500,000; reserves for contingencies, $1,000,000;,;
principally in the growing of sugar cane
and the production of raw
reserves
for
inventory overhead increase, $1,045,084; common stock
sugar.
The company began production of
industrial alcohol in 1944 and
(par $15), $5,870,775; earned sftlfplus,
production of refined sugar in 1946.
It
A$7,323,077; total, ,$25,104,477.
A—V. 165, p. 1363.
operates three mills in Cuba, all connected
Aa";:'A'-v>A;a-a ;-'A/v;:AaA'A;;::)A'AA;':
by its private railroad
Aa
0 j a'"
system to the company's port on the Caribbean Sea.
stockholders,
Trust
257,889 shares of
Wilson & Co., Inc.—Outlook Favorable—
reserve
(quoted
144,250 shares ($6.50 par) common stock at $17.75
per share. Selling commission to N.A.S.D. members was
$1 per share. The stock is being sold by several present
Inc.—Registrar-
Midland
Declaring that operations of this company thus far in the current
fiscal year have been "all right," Thomas E.
Wilson, Chairman of: the'
in subsidiary not consolidated
security investments, at cost
$60,500), $24,741; estimated postwar refund of Cana¬
dian
excess
profits taxes, $27,106;
property, plant, and equipment A
(after reserve for depreciation and amortization of
$6,159,553), $7,-, A
141,359; patterns, patents, and designs, $1; unamortized
portion of
special
tools
and
development expense, $149,857; prepaid insurance
premiums, taxes, and expense, $254,543; total $25,104,477.
vA
(less
for
ar
'
;
v
,
6,880
99,712
l,—
ASSETS—Cash,
of
A
supplemental
Chase National
Jupe
.,4.064.
680,000
1,100,635
83,905
tax™.
Canadian
transferred
Bldg.,
payment
cost
A,
agreement
board told
Bal.
^AVAa'''AA
a."'
and
profits
Dividends- paid
jrtientes-Camaguey Sugar Co. of Cuba—Secondary
ring—White, Weld & Co. and associates made a
secondary offering after the close of business March 19
•••ft
proposed
to
trust
indenture
dated
14, 1945,? with the
Bank, New York.-v
trustee,
providing/for deposit thereunder of Wheeling & Lake Erie Ry. stocks
;*to;be acquired by the Chesapeake & Ohio
Ry. Co. and the Alleghany
Corp. was approved.—V. 165, p. 1364»
.
inc.;
on
&
Prof, from opers. bef.
spec, items
Increase in. inventory overhead res.
Prov. for contingencies™-—,—.—..
;A^;.0
5
committee,
The
excess
tax
$4,948,456
148,843
63,270
—„
taxes
inc.
$3,085,485
214,073
,
estimated
normal
Federal
at
holders
Evansville
for
$5,353,850
—.—.
sales
on
.i™
Fee
Federal
-Vv*."-Aa^AaA'^A.'-A
Liquidating Dividend—
—.
paid
Miscellaneous
amounting to 6% is now being paid to
of certificates
of
deposit evidencing first mortgage 7%
Sinking fund gold bonds dated May 1, 1924, of this company,
formerly
Leland Coal Co.
Holders are being notified to present such certificates
in person
or
by registered mail to V. H.' Goeke, Secretary of the
)
costs
allowed
Interest
rep¬
continued
1
Liquidating
income
Discounts
a
;.r?
\
~
stated
on
Total
a
500,000
holders
to
The amount of capital
resenting the 414,600 shares to be outstanding
$2,591,250.—V. 165, p. 256.
A'* A'A';
Verona Coal Co.—Pays
increase the
shares to
1 c•••'
■
reduce
share.
to
proposal
a
from
207,300
value,
par
additional
an
recommendation,
the stock
of
above
T
shares,
all
.
less
income
-
Ry.; (b)
30,524,017
1,144,842
441,634
490,723
5,077,743
__
,
approving and'
authorizing
acquisition by the New
York.
that company,- by
Chesapeake
.-
1944
30,067,976
1,115,833
459,749
..i
,
order
an
Ohio Ry," and the Alleghany Corp., of
control, through .stock ownership, of the Wheeling & Lake Erie Ry. and Lorain & West
Virginia
release from deposit and trust agreement dated
July 30, 1929,
of Wheeling & Lake Erie Ry. stocks
deposited thereunder; (c)
acquisition by the Chesapeake & Ohio
Ry. of 1,658 shares of preferred
stock
and
115,369 shares of prior-lien stock, ana by the
Alleghany Corp.
of 54 shares of prior lien
stock, of the Wheeling & Lake Erie
Ry.;
and .(d) termination of the trust
agreement dated July 30.,
1929; and
denying the petition of the New York Central RR. for
inclusion in
A the foregoing acquisition of control.
'
:
- '
YEARS
1945
>
$44,656,839 $39,602,691 $41,648,890
sold:
Maintenance
earned surplus for 1945, however,
transferred from the reserve
conditions.—V. 165, p. 984.
war
sales,
Materials, labor, & expense
$375,000
arising out of
ACCOUNT
1946
sharing,
profit
———
shares
common
INCOME
1
*
^
entered
(subject to conditions prescribed): (a)
Chicago & St. .Louis RR. and, through
-
Van Raalte
Number
$155,768' *$2,541,082
AAA-; AAa A! ! Va &
;
*
ing Plan—
The
ftfoceeds
advantage,
expanding business
iof the corporation.
The iunds may be
applied, as business condi¬
tions require, to one or more of
the following: replacement of
working
capital used for plant extension and new
equipment, increased in¬
ventory,
additional cash
balances, reduction of bank loans, and
the like. ,.\V ;-A
-V;.;
vv. ,a.'a
Aa:av, ; aa a. a^'VaVAA
';VA*A
There are
no
present plans to issue or sell the stock
remaining
for
1
City has been appointed1 costock, $5 par value, and convertible
165, p. 1501.
of
Bank
the
preferred stock, $15
The
ther;
,
.
-
Zenith Radio Corp-—New
Vice-President—
Donald
Chicago
V.
165,
MacGregor,
Com.,
p.
581.
has
formerly
been
elected
Executive
President
Vice
in
President
charge
of
;l:
of
;
*
>
Webster->
production.—
A
Number 4579
165
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
:x.-o
''.i!V«.
State and
'•
■*,
-■
v'.,-j■
••
•*
■.
'v,
'.
1639
'Wl
I-.;,-.v.' '(•"
City Depar tment
BOND PROPOSALS AND NEGOTIATIONS
ALABAMA
of about
of .Alabama (P.
Tuscaloosa), Ala. /•/
University
.
O.
dend
2.18%;
on
bonds
the bonds divi¬
follows: $24,000 as 2s, due
as
bid
for,
payable/ to
.
'
1,1 1947,
Denomination
$1,000.
These bonds are due Oct. 1, as
,
-follows: $22,000 in 1948 and
1949,
ceeding 3%% interest. Dated^Ma/
1, 1947. Denom $1,00. These boiids
due
May 1, as follows: $3,000
and $4,000 in 1949 to 1966.
Principal and interest payable Jat
are
$23,000 in 1950,$24,000 in 1951
and 1952, $25,000 in 1953 and
•
>
in 1948,
1954,v $26,000 ini 1955, $27,000 in
1956 and 1957, ; $28,000 in
1958,
;
the
in 1959, $30,000 in 1960
1961', $31,000 iri 1962, $32,000
$29,000
•arid
1933,:$33,000 iri 1964 and 1965,
in 1966, $35,000 in 1967,
$36,000 in l968, $37,000 in 1969,
$38,000 in 1970, $39,000 in 1971,
and $40,000 in 1972.-All of said
bonds will be callable; oh Oct. li
-in
:
$34,000
•
•
<,
prior to the date of delivery of
the boiids; at the expense -of the
District.
A certified check for 3%
■'
•>
- *
<b
- ■.
,
T
-
:
ARKANSAS
March 25,
on
the
for the purchase of
following- obligations
the
of
State of Arkansas:
State
bonds.
State
(Confederate)
>
Pension
,
.
(Hospital)
construction
bonds.
State
.
(Revolving Loan). school
bonds..
Arkansas State College
; notes.
Library
Agricultural, Mechanical,: and
Norman School notes.
;
Tenders must be at a flat price.
No
accrued
on
the
interest
will
be
paid
and
right of acceptance or rejec¬
tion of all or any part of the obliga-
•
obligations
accepted
the
tions
t
tion
the
voters
said
are
have
to
construction bonds.
Arkansas (State of)
Tenders" Wanted—F. A. Storey,
Jr., Secretary of the State Board
of
Fiscal
Control, will receive
sealed tenders "until lO a.m/(CST)
•
Bonds Voted—At a recent elec¬
approved the issuance of $150,000
V
so
tendered is reserved.
Im-
mediate confirmation- will be made
nomination
$1,000.
These
bonds
Bond
Sale—The
bonds offered
for
school
$49,000
sale
to,
the
First
Orosi, at
National
cost
of
a
net
about
1.98%, on
the bonds divided as follows: $28,000 as l%s, due from March 1,
1948 to 1955; the remaining $21,000 as 2V8S, due from March 1,
1956
to
1961.
Interest payable
M-S.
•
COLORADO
multiples of y4 of 1%.
Principal
payable at the City
Treasurer's office
Colorado
or
Springs, Colo.
Election
Bond
at the
Pending
at
price of
a
—
County (P. O.
Beach), Fla. y
$180,000 SBA,
Vero
Sale—The
Bond
series of 1947, refunding bonds
fered for sale
on
•
of¬
March 18—v. 165,
1503—were awarded to a syndi- Xcate composed of John Nuveen &
p.
Co., of Chicago, B. J. Van Ingen &
Co., of New York, Leedy, Wheeler
& Co., of Orlando, and Trust Co.,
of Georgia, of Atlanta, as 2.05s, at
a price of 100.132, a basis of about
1.956%. Dated Feb. 1, 1947. De¬
;
•
$1,000. These bonds are due
1, 1955 to 1965.
The next
highest bidder was the Florida
National Bank, Jacksonville, and
nom.
It
is
Feb.
„
Clyde C. Pierce Corp., jointly, for
2.10s, at a price of 100.231. ■
Imperial County, Calipatria Schoql
District (P .O. EL Cehtr6)i Calif.
Bond
Offering
The
—
County
Clerk will receive sealed bids
un¬
til
cessful bidder at the office of the
park
and
bonds.
recreation,
.
•
Treasurer as soon as the
can :he; prepared,
A certi¬
Fort Collins, Colo.
fied check for $5,000, payable to
It
is
^ Bond Sale Postponed
he City Treasurer^ is required.
stated by J. Morris Howell, Com¬
missioner
of
Finance, that be¬
San Bernardino County. Crest
cause
of legal technicalities the
Forest School District (P. O.
sale of the $250,000 sewage dis¬
San Bernardino), Calif.
posal
plant
refunding
bonds,
Bond Offering—Harry L. Alli¬
which had
been
scheduled for
son, County Clerk,
will receive March
13—v. 165, p. 1239—was
sealed bidsiuntil 11 a.m. on March
cancelled and the offering date is
24, for the purchase of $80,000
now
indefinite.
Dated March 1,
school bonds, not exceeding 5%
1947. Due on March 1, in 1948 to
interest. Dated'April 1, 1947. De¬
1967.
nomination $1,000.
These bonds
are
due $80,000 April 1, 1948 to
DELAWARE
1955. Principal and interest pay¬
City
)onds
April 7, for the purchase of
able
$112,000 school bonds.,
the
W
office
The
seal
May V1948 to 1967. Rate df in¬
terest shall be specified in multi¬
17—v.
165,
1239—were awarded
impressed thereon will
certified
be
to
by the Central Na¬
Wilmington, and the
ples of y4 of-1%. Principal and Trust & Savings Association, of
opinion of Reed, Hoyt & Wash¬
interest payable at the City; Treas¬ San
Francisco, at a price of burn, of New York City, that the
urer's office, or at the Bankers
100.105, a net interest. cost of bonds are legal and binding obli¬
Trust Co., New York.
The ap¬ about 2.645%, as follows:
For gations of the City, will be fur¬
proving opinion of Ray L. Chese- $16,000 maturing $2,000 June 1, nished to the successful bidder
p.
the Bank of America National
to
tional Bank,
(P. O.
County
^
- -
Stuart), Fla.
Sale—The
Bond
$24,000
series
SBA, refunding bonds of¬
fered for sale on March 18—v. 165,
of 1947,
1503—were
p.
to
f
the
and
awarded
National Bank,
Florida
thd
Clyde C. Pierce Corp., both of
Jacksonville, jointly, as 2.20s, at a
'Q
price of 100.25, a basis of about
2.184%. Dated Feb. 1. 1947. De¬
$1,000. These bonds are due
1, 1967. The next highest
bidder Was ^jTohn Nuveen & Co.,
and Associates, for 2.20s, at price
nom.
Feb.
Of 100.13,
(P. O, Clear*
water), Fla.
Pinellas County
Del.
of the County
Bond Offering — Alexander R.
approving opin^
ion of O'Melveny & Myers, of Los Abrams, City Treasurer, will reLos Angeles, Calif; * ^
Angeles, will be furnished. A cer¬ ceive sealed bids until 11 a.m.
Bond Offering—Walter C. Peter¬
tified check for not less than 4% (EST), on March 24, for the pur¬
son, Cify^Clerk, will receive seal¬
of the bonds bid for, payable to chase of $450,000 improvement of
ed bids until 10 p.m. (PST), on
the
County Treasurer,
is re¬ 1947 bonds. Dated April 1, 1947.
April 3, for the purchase of $7,Denomination $1,000. These bonds
quired.
500,000 series B, municipal air¬
are
due
$45,000 from April 1,
port, election of 1945 bonds, to San Diego County, Jacumba School 1948 to 1957. The
genuineness of
bear not exceeding 2% % interest
District (P. O. San Diego), Calif.
the
signatures of the officials
Dated May 1, 1947. Denom. $1,000.
Bond Sale—The $20,000 school signing these bonds and of the
These bonds are due $375,000 from
bonds offered for sale on March
at
Treasurer.
'Martin
V;
purposes
Agent —T h e
Paying
facturers Trust Co.
for
Manu¬
of New York
:
designated paying agent
has been
$200,000
tificates, due
water revenue cerserially from 1963
to 1978 inclusive.
GEORGIA
Roads
(P. O. Atlanta), Ca.
Offering—Frank R. Fling,
to the Commissioners of
and Revenue, will receive i
sealed
bids until noon
Fulton County
Bond
Clerk
(EST), on
the purchase of the
following iy2% coupon or regis¬
March 27, for
tered bonds/ aggregating
$20,000,-
000:
house
annex
Due Jan. 1, as
follows:
court
$2,500,000
bonds.
$87,000 in 1948 to 1961, $86,000 in 1962 to 1968, and $85,*
000 in 1969 to 1976.
of accepted tenders, and payment
will be made on April 1, 1947.
•
0.80s,
Indian River
bro, City Attorney, and of O'Mel- 1948 to 1955, as 2%s, and $4,000 or bidders. A certified check for
veny & Myers, of Los Angeles, ap¬ maturing $2,000 June 1, 1956 and
10% of the face amount of bonds
Interest payable for which bid is submitted, pay¬
Forms to be used in submitting proving the legality of the issue, 1957, as 2V2s.
will
be
furnished, A
certified J-D.
Dated June 1, 1947.
De¬ able to the Mayor and Council,
tenders may be obtained by re¬
check for $150,000, payable to the nomination
$1,000. The next high¬ is required.
quest, at the off ice of the Secretary
City, is required.
Payment for, est bidders were Lawson, Levy &
of the Board.
and delivery of the bonds shall be
FLORIDA
Williams, for $20,000 3s, at a price
Garland County, Lake Hamilton
made in the City Treasurer's of¬
of 100.415, San Diego Trust &
Florida (State of)
School District No. 5 (P. O,
fice or at Bankers Trust Co., New Savings
Bank,
San Diego, for
Certificate Sale-^The $1,250,000
Hot Springs National Park,
York City.
$20,000 3^s, at a price Of 100.00.
series of 1947-A, Florida State Im¬
Arkansas
Northern Inyo County Local Hos
San Joaquin County School District provement
Commission
Office
Bonds Voted—An issue
"
for
100.182.
of
Bank
price of 100.107,
a
interest
due $15,000 from Jan. 1, 1948
to 1967.
Rate, of interest to be in
interest
jointly,
March
on
11—v. 165, p. 1365—were awarded
are
and
ville, and Clyde C. Pierce Corp.,
=
''
Legality approved by Heed, Hoyt
& Washburn,, of New York.
County, Orosi Sch. Dist.
(P. O. Visalia), Calif. ifX
fiscal
Treasurer's
office
stated that an election will be
Rate of interest to be in multiples agency of the City in New York
held in the near future to have
of
y4 of 1%.
The; opmibn^f City. %. The approving opinion of
the voters pass on the proposed
O'Melveny & Myers, bf Los Ahge-, Orrick, Dahlquist, Neff, Brown &
issuance of the following bonds
les, attorneys, approving the vaR Herrington, of San Francisco, will
totaling $165,000: $130,000 stadi¬
>e furnished; the purchaser./ Deidity of said bonds will be furbish¬
ivery will be made to the suc¬ um, and $35,000 airport purchase,
ed the successful
bidder;
County
-1949, or any interest,payment date of the bonds bid for£ payable* ^to
% thereafter^ Principal and interest the District; is required.
i :
1
-•■y.C''\
*"
payable
at; the ? First National
Fresno CountyFowler Sch. Dist.
Bank;; Birmingham, or at the
(P. O, Fresno), Calif.
•; Chase National Bank, New York.
:
Tulare
the
Chairman of the Board of Super¬
$3,000 from April 1, 1951 to 1958, visors; is required.
and the remaining
$48,000 as 2y4s,
Bond Sale—An issue of $750,000;
Sacramento, Calif.
due $4,000 from April 1, 1959 to
offered for sale
recently,
was
Bond Offering—H. G. Denton,
1970. Interest payable AtO.
awarded to a syndicate composed
Dity Clerk, will receive sealed
of the Equitable- Security Corp., Fallbrpok SanitaryDistrict,Calif. bids
until
11
a.m.
(PST), on
J Rbbinsdn-Humpjirey ; Co,, of At- ! Bond^^Offerihg^^y^ioi^^^uy Harch 25, for the purchase of
lanta, and Sterne, Agree & Leach, Huscher,
Secretary, v will receive 8300,000 series B, municipal imof Birmingham, as 2V2s, at a price sealed bids until
irovement, coupon or registered
7:30 p.m. on April
of 100.26, a net interest cost of
1, for the purchase of $75,000. sew¬ xwnds, to bear not exceeding 5%
2.48%, to maturity
Da ted April er system
interest. Dated Jan. 1, 1947.
De¬
bonds, to bear mot- ex*'
health
community
500,000
and
befhds.
Due
follows: $18,000 in
1948 to 1954, and $17,000 in
center
welfare
Jan. 1,
as
/
1955 to 1976.
2,000,000 sewage disposal system
bonds. Due Jan..l, as follows:
:
,
000
;
construction
bonds
of $28,fa-
was
'
vorable voted at the election held
pital Dist. (P.OtBishop)iCalif.
Bond
Sale
—
The $210,000
"
on
sale
for
Harrison, Ark.
;
on
-
$40,-
improvement bonds
approved at the election held
airport
was
March. 10.
Holt Springs,
-
Ark«
Bond. Sale—The $100,000 2V2%
airport improvement bonds offered for sale on March 18—v. 165, p.
.
1365—were awarded to E. L. Vil-
lareal & Co., of Little Rock. Dated
March 1, 1947. Denoms. $1,000 and
.
$500. These bonds
,
are
due March
1, in 1950 to 1970. The next highest bidder was W. R. Stephens In¬
.
.
and T. J. Raney &
vestment Co.,
Sons, .jointly.
.
.Alameda County,
Dist.
ton
&
De Coto
Details—It
Sale
Co.,
is
now
sold to R. H,
Moul-
of Los Angeles, as
165, p. 1239— were
noted here—v.
-
purchased by Blyth &
both
Co.. and the California Bank,
price of 100.347,
a
net interest cost
Building revenue certificates of¬
(P. O. Stockton), Calif.
Bond
Offering
~
The
County
Clerk will receive sealed bids un¬
til March 24, for
the purchase of
the following bonds
amounting to
for
fered
sale
on
March
19—v.
165, p. 112—were awarded to
Leedy, Wheeler & Alleman, Inc.,
of Orlando, as 2.90s, at a price of
1961, and $34,000
Los
Angeles,
of
100.152 for
fer
2y4s, submitted
by the Bank of America National
Trust & Savings Association, San
Francisco.
\
'
\
-
.
Orange Cty. Silverado Sch. Dist.
(P. O. Santa Ana), Calif.
.1
Bond
will
Offering
received
be
—
Sealed
until 11
bids
a.m.
on
not
to
exceed 5%,
payable semi¬
Sch. Dist. (P.
O. San Luis Obispo),
Calif.
bonds.
Bond Election—The issuance
be
to
held
on
March
28,
it is
stated.
Santa
Dist.
will pass on
Bonds Voted —It
is now re¬
Principal and
payable at the County ported that at an election held in
Treasurer's office. Legal opinion January, the voters gave their
by O'Melveny & Myers, of Los approval to a proposal calling for
000 in 1962 to 1966.
interest
4
will
-
check
be
furnished.1
for
3%
of
A
the
the
issuanc'^of $210,000 improve¬
ment bonds.
a.ce
has
Agent —The
Manu¬
of New York
been appointed paying agent
for
to
$750,000 electric revenue cer¬
.oO.
SBA,
bonds offered for sale
18—v. 165, p. 1366—
bonds.
.
Secur¬
Investment Co., of Tampa,
as
l%s, at a price of 100.031, a
basis of about 1.746%. Dated May
were
Jan.
$35,000 in 1948
awarded to the Union
ity and
and $34,000 in 1962
%
traffic
>>
.
improvement
Due Jan. 1, as
follows: /;
$428,000 in 1948 to 1954, $429,000 in 1955 to 1961, $432,000
in 1962 to 1965, $434,000 in
$433,000 in 1967
in 1969, to
$435,000 in 1976.
1966,
1968, $434,000
Sale—The $110,000
refunding
on
March
1976.
12,500,000
Hillsborough County (P. O.
Tampa), Fla.
Bond
1961,
to
Paying
(P. O. San Jose), Calif.
Bopd Election —At an election
scheduled for April 7, the voters
follows:
$8,000 in 1966 to 1976.
1, as follows:
Fla.
facturers Trust Co.,
Sch.
the issuance of $62,annually. V Denominations $1,000 000 construction bonds.
and $500.
Dated March 1, 1947.
Sebastopbl, Calif.
Due $500 in 1948 to 1961, and $1,-
certified
and
tificates, 5th series.
Clara County, Union
building
1,000,000 airport bonds. Due
Fort Pierce,
Of
Due Jan. 1, as
$9,000 in 1948 to 1965, and
$8,000 in 1966 to 1976.
• - 1
250,000 garbage disposal facili- '
ties bonds.
Due Jan. 1, as
follows: $9,000 in 1948 to 1965,
100.20.
»
$58,000 construction bonds will be
submitted to a vote at an election
in 1962 to
safety
public
250,000
100.013, a basis of about 2.89%.
Dated April 1, 1947.
Denomina¬
$147,000:
..
1976.
jointly, as 2V4s,
$82,000 French Camp School Dis¬ tion
at a price of 100.367, a basis of
$1,000. These certificates are
trict bonds.
due on April 1 in J.949 to 1971.
about
221%X Dated March
1,
65,000
Linden School District The next
highest
bidder was
1947.
Due from March 1, 1948 to
bonds.
Blyth & Co., and Welsh, Davis &
1967, inclusive. Interest payable
San Luis Obispo County, Pismo
M-S. Second best bid was an of¬
CO., jointly, for 3s, at a price of
of
purchased by the said firm at a Angeles,
^
v.
p.
25, by B. J. Smith, County
for the purchase of $12,000 school bonds.
Interest rate is
stated by the Clerk of the Board
of
Supervisors, that the $72,000
r
165,
14—v.
Clerk,
Sch
(P. O. Oakland), Calif.
school bonds
March
March
CALIFORNIA
Bond
on
1365—were
Bonds Voted—An issue of
000
bonds
construction
pital
March 1/
hos¬
offered
$69,000 in..1948 to 1975, and
$68,000 in 1976.
1,000,000 park bonds. Due Jan. T,
as follows: $35,000 in 1948 to
and
Dated Oct.. 1,
tion
and
1975,
i
1946. Denomina¬
$1,000. Principal
and interest
(J-J) payable at the Trust Co.
of Georgia,
Atlanta, or at the
Chase National Bank, New York.
The bonds will be delivered to the
Denom. $1,000.
These
purchaser on or about May 5, in
due May 1, 1958. The
New York City, and the County
next
highest
bidder was the
will furnish the approving opm^
Florida National Bank, Jackson¬
1,
1947.
bonds
are
•ft
}> \
ff
If
THE COMMERCIAL
1640
Spalding, Sibley, TroutKelley, of At anta, and
Reed, Hoyt & Washburn, of New
York
City, that ; the bonds are
valid and legally binding obligations of the County, and the prin¬
&
man
hi
,;W
'
if )>'
f f
cipal and interest
(II"
ad
•p
;
payable
are
ft i
tax
A
all
certified
'if
check
the
to
:
taxable
for
County,
Vi-;
I
i
■v.
Beer
&
Tax
Bills
—
The
Governor
now* has before him for signature
increasing taxes on beer and
! cigarettes. One measure increases
bills
the
rH
Idaho beer tax from
$3.10 per barrel.
'A
ih
and
It
ft?
The
•
breweries, retail¬
$ V
wholesalers.
other
State
three cents
:
tax
from
the
two
to
pack.
a
This
,
■
$
/ will yield approximately $400,000
additional revenue
annually, it is
/*
estimated.
'
-v
.i
;
/'•
boncls
ILLINOIS
;
i.
i!
ppp
of
tb
sometime
Bethany
in
April.
Community Consolidated
Grade School District No.
68, III.
Bonds Voted—An issue of
1
>V"
>y\ ;
$130,-
000 construction bonds
•
l?,v
favor¬
was
ably voted at the election held
fV,-.
March'8.
;«v
>
Crete
;i-n,
on
//,/-/■ ;. ■//;'/
V;
of the
Dist.
Nb.201 (P. O.
Crete), III.
v
Voted—It
is
of
>
•
Schools,
held
stated
that
March
on
at
the
check for
?:
Bond
•
1
-V
v
,
Fairfield
Park
of
$200,000
construction
%'
ment
the
-
1
ft1 }
park
bonds wLl
voters
held
,
swimming
and.
in
at
the
be
bonds have been
the election. .1:
submitted to
to
future.
near
poo
improve¬
election
an
sold
be
These
;
///v
!>■
y
f
f
County
son,
ii>
held
to
in
the
improvement bonds
March 11, sub¬
election to be
on
near
future,
by
the
Municipal Bond Corp., of Alton
as
•
2%s and 3s.
31
Bonds
interest rate
Vi
for
of
yyy,v.y.": \/p
3%
Clerk
Bond
Legality Approved
general election,
/
'
.
been
approved
Charles
>■
<■
r
j
—
The
$90,000 1%% road improvement
bonds voted at the last
November
.
!•
Louis.
,
&
alpe
as
I
to
said to have
legality by
Trauernicht,
of
Dated Dec. 1, 1946.
S';
"
Salem, Shanafelt Sch. Dist.
(P. O. Salem), IU.
%'}■■
/•/ Bonds
Voted—The
'/// $100,000 construction
to
•
have
been
voters at
.
^
a
'
issuance
bonds is saic
approved
recent
by
election/
INDIANA
the
;
payable
/
sealed
/
*••
March
of
the
voted
bonds
at
the
10.
*
March
;
•
on
March 10.
held
to
the
election
This is
$125,000
an
issue
bids until
Commissioners,
Bailey,
....
^■
«
will receive
These notes
held
on
■.
* ...j!
>'
1956
the rate
name
to
oi:
Bonds will be delivered
to the purchaser
car¬
on or
about
Apri
15, 1947, at said bank. The legality
approved by Carroll S. Chaplin, of
Portland, whose oponion will
'://'/#///y;:
be
bidders
were
extension
purchase
Grayville, Kan.
of
$20,000
water
bonds.
coupon
main
Dated
/
in
•
1948
40,000
$5,000 on April 1
1952, inclusive.
to
the
an
voters
election
offered
Sale—The
for
sale
est in
Note
March 18—v.
165, p. 1504—were awarded to Estes, Snyder & Co., of Topeka, at a
price of 100.109, a net interest cost
of
1.72%.
scribed
as
These
bonds
follows:
de¬
are
/./y.'.'/, y"
$24,000 1 Vz % sewer bonds. Due
$3,000 in 1948 to 1955, incl.
24,000 2% sewer bonds. Due $3,000 in 1948 to
1955, incl;
voters
will
be
asked
to
pass
the proposed issuance of
$40,-
on
airport
bonds,
according
•.-.
to
*<
»
are
Bonds Voted
$203,250
in
—
'"liUi.
^ .1
'
airport
issue.
scheduled
a
for
bonds
vote at
April
;
an
will
bonds.
April
1, in
clusive.
Dated
v:
April
payable
election
1, according
s £ \ :t, v i
26,
.t J .v
*'■::»>'
>•
Offering—Eugene J.
a
1947.
chaser.
Cote
discount.
Denoms.
Dated March
to
These notes
suit
are
$3,000 on
1948 to 1952, in¬
V \ '
1, -1947.
Treasurer, is required.
MINNESOTA
Interest
'//•./,/'
A-O.
Runner-up in the
Salomon Bros. &
Hutzler, offering 100.505 for Is.
bidding /
will
be
ready for delivery
about March
til
//
or
as
Fitchburg, Mass.
13, at
a
are
discount of 0.579%.
due Nov.
These
5, 1947.
Leominster, Mass,
for sale
to
ed
of
on
the
March 20, were award¬
Second National Bank
Boston, at
000:'
due
are
a
Nov.
20,
highest bidder
1947.
National Bahk,
The
next
0.596%,..;
M.
Boston, at
/,
,y
,
$300,000 tax an¬
ticipation notes offered for sale on
18,
were
awarded
to
Bond Sale—The
bonds
17—v.
165,
for
sale
/
\
certificates
for
quired.
Michigan
Bond
Town
2%
bonds
the
of
bid
is
for,
re¬
'-•/;;//
Kingston
(P.
Minn.
O. Dassel),
Offering—H. C. Hannula,
Clerk,
will
sealed
receive
bids until 1 p.m. on March
$1,000. These bonds
are due
May 1, as follows: $3,000
in 1957, and $9,000 in
1958.
The
27, for.
the
purchase of $80,000 road and
bridge bonds, not exceeding 2 V2 ,o
interest, f Dated March
1, 1947.
highest bidder was Paine,
These bonds are due March 1, as
Jackson & Curtiss, for
follows: $5,000 in 1948 to 1959, and
a price of 100.247%.
J
$10,000 in 1960 and 1961. These
bonds were authorized at the elec¬
Ironwood, Mich.
Webber,
1V2S, at
.
Offering—William L. John¬ tion held on Sept. 3, 1946.
City Manager,/will receive
/
St. Cloud, Minn.
sealed bids until noon
(CST) on
Bond Sale—The $125,000 park
March 29,. for the
purchase of
improvement bonds offered
$50,000 tax anticipation notes, not
sale on March 18—v. 165, p. 136?
exceeding
4%
interest.
Dated
—were
awarded to the Perham
March 20, 1947.
These notes are
State Bank of Perham, as IV4S, at
due Aug. 1, 1947.
Denoms. and a
price of par. Interest payable
form of note to be at the
opinion J-J. Dated Jan.
1, 1947. Denom¬
of the purchaser.
Principal and ination
$1,000. These/bonds /are
interest payable at the
City Treas¬
payable on* Jan. 1, as, follows.
urer's office, Bids shall be
condi¬
$10,000 in 1949 to 1959, and $lar
tioned upon the unqualified
opnion 000 in 1960.r
The next
highest
of the purchaser's
attorney ap¬ bidder was John Nuveen & Co.,
proving the legality of the notes.
for 1:40s, at a
price 'of 100.392.
A certified check for
Note
son,
.
the
2% of the
value of the notes, payable to
City/is required^
Would
0.60%.
!•?. V -"f.rC-vw
v
and
/
r
•
.
;
■
r.
;/ MISSISSIPPI
County, Soso Consolidated
School District (P.O. Laurel)»
■
■
to provide /,
fundamental" issue
■
Jones
Encourage Mineral
Development—The^bill
difficult
,
••V':* >V;:
-//'/
Michigan (State of)
Bill
due
•'
check
and
1367—were
Nov<ylOy 1947. tiThe tax/, relief and thus /
encourage
next highest
bidden;^as the^^ferst mineral development in the state
National Bank,
is a foresighted answer to the
Bq^top, afv^ ^te
.most
*
fied
on
Corp., of Detroit, as 1V2S, at a
price of 100.273, a basis of about
1.472%. Dated May 1, 1947. De¬
next
payable at such place as may
designated
by: the purchaser.
approving opinion of Dorsey,
Colman, Barker, Scott & Barber,
of Minneapolis, will be furnished
the
successful
bidder.
A certi¬
:Z
$12,000 refund¬
p.
■.
be
Mich.
offered
/
Denomina¬
and ihter->
The
Town-
No. 3 (P. O. East Grand:
ing
2 to 20
est
and Paris
Rapids ),
^
Due in
Dated May 1, 1947.
tion $1,000. Principal
,
/ ships, Frac. Graded Sch. Dist.
the
Merchants National Bank of Bos¬
ton, at a rate of 0.58%.- These
are
,
"
;
/ years,
rate
a
.
indebtedness.
the Merchants
was
,
$28,000 water works bonds. Due
/: $1,000 in 1950 to 1977.
50,000 water main certificates of
discount of 0.59%
Dated March 20, 1947. These notes
par
Note Sale—The
March
un¬
p.m./ on
.
Note Sale—An issue of
$700,000
revenue notes was sold on
March
notes
will
,
on
26,1947, at said bank.
validity by the
Bank, of Bos¬
ton, under advice of Ropes, Gray,
Best; Coolidge & Rugg, of Boston.
,
7
March 25, for the
Note Sale—The $100,000 tem¬ purchase of the
following bonds
porary revenue loan notes offered and certificates amounting to $78,-
pur¬
National Shawmut
r
•*
Offerinff
—Earl J. Hole, Village Clerk,
receive sealed and oral bids
Winchendon, Mass.
/
Erskine, Minn.
and 'Certificate
Bond
was
'
due Nov.
10, 1947. Payable at the National
Shawmut Bank, of
Boston, and
of
t
check for 2% of the par value of
the notes, payable
to the City
Due
nomination
bids until 11 a.m.
(EST) on March
24, for the purchase of $1,000,000
be -notes
report.
•; r. y;
multiple of V4 of 1%.
notes at
Recent balloting
bond
rate of inter¬
City Treasurer, will receive sealed
the
approval of
gymnasium - auditorium
submitted to
to
v
'
Pretty Prairie Sch. Dist. (Pi O.
V
Pretty Prairie), Kan.
resulted
name one
The notes will be authenticated
to genuineness and
Bond Election—At the
regular
city election to be held in April
the
a
Fall River, Mass.
$48,000 bonds
on
qualified opinion of the > purchas¬
er's attorney approving the leg¬
ality of the notes.; A certified
Due
Bidders to
to
at
shall be-conditioned upon the un¬
construction, 1947
$8,000 on April
1 in 1948 to
1952, inclusive.
15,000 water main construction,
bonds.
will
submitted
...•;
sewer
March
be
i
vf
.
awarded to the First of
consideration
purchase^
-
due
for
recent elec¬
a
ar^>$a
Ypsilanti, MicKf MM/;/
/
Note Offering—Harvey
Holmes,
;
Milton, Mass. '''///./
City Clerk, will receive sealed bids
until 7:30 p.m. on March 24, for
/ Bond Sale—rThe
following cou¬
the purchase of $25,000 tax anti¬
pon bonds aggregating $80,000, of¬
fered for sale on March 14—v. cipation notes, not exceeding %Vz%
165, p. 1502—were awarded to interest/ Dated April 1, 1947. De^
Whiting, Weeks & Stubbs, of Bos*- noms. and form of note to be at
option of the purchaser. These
ton, as Is, at a price of 100.55,
notes are due Sept. 1, 1947//Prin¬
basis of about 0.81%:
//////•/
cipal and interest payable at the
$25,000 street construction, 1947
office of the City Treasurer. Bids
bonds. Due
price of 100.279.-
a
April
1, 1947; These bonds are
$2,000 April 1, 1948 to 1957
Twp.;\ Reed Sch, Dist,
(P. O. Muskegon), Mich.
have
given a. wide margin of approval
to : the issuances of- ; $70,000
site
chants National Bank, Boston/for
/4s, /at* si price/of /100.11,' and
Robert Hawkins & Co., for IV2S,
Grand Rapids
Bridgewater, Mass.
a
7
tion: ;tthe/voters
The next
the ;Mer
&PP& MICHIGAN
/
' *
No.
Bonds Voted—At
/Interest payable M-S.
highest
equip-
■*_
of
East
on
failures from the occasional
ven¬
ture that results in a mine."
Muskegon
departmental
•tV; ' MASSACHUSETTS
1:
:
fire
furnished the purchaser. /
Bond
election to be held
an
Mass.
to
/.' 1947
(EST) on March 26
$50,000 sewer sys¬
Bidders to
present taxes preclude
recouping the losses from such
The $33,000 bonds
.ment bonds.
.
Offering — The Town
Treasurer will receive sealed bids
until 11 a.m. on March
24, for the
at
April
14,000
;
1,
—
to
and
on March 19, were
The Michigan bill, on the
other
Whiting, Weeks & hand, provides a 10-year tax ex¬
Stubbs, of Boston, as IV4S, at a emption for newly discovered ore
price of 100.30, a basis of about or ore proven in the ground
that
These
bonds
are- de¬
1.125%.
is not part of the property of
an
scribed as follows:
'
operating mine. If it becomes a
$10,000
highway
departmental law; it should be a* spur to re¬
newed exploratory activity.
; ;
equipment bonds.
awarded
Due
$25,000 Diesel installa¬
tion, and $25,000 airport bonds.
vote
construction
Commissioners.
■ *'
,
$5,000 April
Portland.
March
$50,000 will be submitted to
$60,000
d"e June 30, 1947. Payable at the
office of the Board of 'Schoo
V'/
1, 1948.
interest in multiplies of.
of 1%
Principal. and interest payable a
the National Bank of Commerce
11, 1946.
0::
bids until 7:30 p.m.
25, for the purchase
29, 1947.
I'
noon
due
are
1965.
.
•
/
"
•
Sale
fail
offered for sale
of
tem coupon bonds. Dated
April 1
1947. Denom. $1,000. These bonds
on
,
,
f\'
,
for purchase of
addition
that
ried at the election held
KANSAS
date
Sewerage Dist., Me
Offering—Harold Webster
Treasurer,
will
receive
sealed
$4,000
favorably
was
the
Millbury,
Bond
election
at
en¬
Minin*
Mineral tax
policies
discourage
exploration since the
informed
operator knows that most pros¬
pecting ventures are doomed
1,
1952, inclusive. In¬
payable M-S.
/////v /////
Bond
1, in 1949 to 1967.
;.*•'/
March
Dated
1948 to
terest
South Portland
County
*»;/: //'■ ///-/.. '//i.//; //
voted
the
maine
Bonds Voted—An issue of $50,000 construction bonds was favor¬
ably
March
the
.* $800,090 tempora:y loan notes, no :
/
Satina, Kan.
•:/,;//:/
exceeding
6%
interest.
Dated /.Bond Electioiw-The
issuance of
; March
tr
**
on
Bonds Voted—An issue of
construction
report.'
'//
Note OfferingT-M.. W.
Business Director of the
School
b'-
i:
to
<
from
additional
an
from
said bonds to March
Mingo Cons. Sch. Dist., Iowa.
000
Board
■
amount
interest
check
Hiawatha, Kan.
Indianapolis School City, Ind.
f,
the
now
interest, the
issue will bear
l1/2%
Treasurer, is required.
•:
P
•'
the above rate of
tire
multiple
a
certified
is
2.61%—-v. 165, p.11367—were
pur^
chased by the said firm as
2V2S, at
a price' of 100.044.' In
addition to
on
Bond Election—The issuance of
"Randolph County (P. O, Chester)
■;•/-/ 111.
'';! )'
■& 1
in
be
A
It
—
the
Scharff & J ones, of New
Orleans,
a
not interest cost of about
scheduled for March 26.
-water system bonds approved
by
./ the voters at an election held on
///'■'■//"'// Hardtner, Kan.'
./ March 12, have been sold.
$>
t>
of
-
Details
>
0.892%.
Denomination $1,000. These
aonds are due $40,000 March 1,
at
at
re¬
p.m.
Dist.
and
to
$75,000 street improvement bonds
;:M
Sold—It is stated
by the
that
the
$35,000
Village
*$<>'
>
to
1%.
about
*
Secretary of the
Police Jury that the $120,000 pub¬
lic improvement bonds sold to
May 1, as follows: $10,000 in 1948
0
1952, $11,000 in 1953 to 1958,
and $12,000 in 1959 to 1965.
The
Bond
M
2
Sale
by
18—v.
awarded/
9,000 fire station bonds.
Landry Parish, Sub-Road
stated
for
.
industry todav
Journal." /
'v//;-/,
"Under our present
1947.
Manu¬
public/; belt* bonds,
dated March 1, 1947.
24,1947
tax struc*
165, p. 1504
Whiting, ture," the magazine points out
"there is no logical
Weeks, & Stubbs, of Boston, as Is;
incentive for
at a price of 100.30, a basis of assuming the risks of
prospecting
*■
The
—
/ / (P. O. Opelousas), La. /
April 1, for the purchase of $200,000 liberty memorial bonds. Dated
May 1, 1947. These bonds are due
yyppp
Farina, III.
M-ftl
bids until
series,
Bond
Nicker-r
Treasurer,: will
ceive sealed
'
special
a
■<r
y".
>?,
L.
of
ject
%
Offering-r-H,
date
-
No. 1 of Road Dist. No. I,
/'_>,'/,•• Garnett, Kan. -■ 'u3;f -u-.j
Bond Election—The issuance of
the following bonds in the amount
was purchased
f
St.
Grundy County (P. O. Grundy •
Center), Iowa
b
Bond
on
Orleans, La.
Agent
$140,000
new
postponed.
was
New
-
for
April
on
Bonds Purchased—An issue, of
$200,000 swimming pool construc-
.ff ■ V-
V>.
sale
ceases
•/
/ Paying
$249,000
electric light and/power
plant
bonds. These,bonds were original¬
ly scheduled to^b^ sold on Feb.
1946, but
interest
LOUISIANA
•
...
receive
um.
said
of
unpaid
Monday, March
"Engineering
says
street
offered
bonds
March
on
were
facturers Trust Co. has been ap¬
pointed New York paying agent
tion and park
v
!f>
2
all
attached, at the Farmers
Capital Trust Co., Frank¬
called.."
subject to
Fairfield Park
District, III.
;
until
will
presentation
sidewalk
sale
principal, will be
fort. / Interest
for. the* purchase/of
>
■
Clerk,
-
said
on
coupons
Sheldon School District, Iowa
District, III.
Bond Election Planned—An is-
sue
:
ft*
of
Bank &
Bluffs,
Offering—I^ul H. Chey*-
v- City
sealed bids
■
«&, 7"
;/
3%
paid
2%, is required.
ney;
;/;/./•; of 341 to 53»///v.
II' \
Board
bonds/ with
Glenwodd, Iowa
election
8,
the voters approved the proposal to issue
$250,000 construction bonds
by a count
ri.
J/V
of
the
of
amount
Iowa
Bond Offering—J. E. Anderson,
City Clerk, will receive sealed
bids until 5 p.m. on March 27,
or
the purchase of $17,000 fire
department equipment bonds.
Dated April 1, 1947.
A certified
bonds,
by
Verne E. Crackel,
Superintendent
;
/:/
&
Cutler,
Council
of
Community High Sch.
Bonds
v
^
ft*
>
multiples of
bonds,
payable to the County Treasurer,
;s required.
MM. ../.'/"
/
Bartonville,' III.//, ///•••',
v
iheld
;
if:
&
and
of
Chairman
of Trustees,. Common¬
Kentucky Military De¬
partment Armory Corporation, is
calling for payment as of April 1,
all the 2%% First Mortgage se¬
rial refunding
bonds, being Nos.
1 to 201, dated
Aug. 1, 1946. The
principal amount of said bonds,
together with accrued interest to
redemption date, and a premium
1%. 'The approving opinion of
5,
y. ment bonds will be submitted to
r the
voters at an election to be
;
fi
the
Call —The
wealth of
May l, v 1950. Rate
of interest to be in
Bond Election Planned—An issue
of
$25,000 street improve-
&♦ V
due
are
Bond
*
$178,000 primary road refunding
)onds. Dated May 1, 1947. These
/;■/////
M
?
will
Treasurer,
measure
subsequently signed by Gov¬
ernor C. A.
Robins, to go into effeet as of July 1. The increase
,
\
■4
'•
Bender,
receive
sealed and open bids until 2 p.m.
on March 27, for the purchase of
was
■
4
;
increases
bill
cigarette
;
'fiV/
$1.55 to
It also increases
license fees for
•
ers
;i
C.
.
W
p.
Offering—C.
County
3%
Legislature Passes Cigarette and
-.
Bond
Sale—The $200,000
Bond
:
,,
Pacing the mining
Lynn, Mass.
,/,,/
Kentucky (State of)
of Chicago,
will be furnished the purchaser by
he County. A certified check for
(State of)
KENTUCKY
/r
Clay County (P. O. Spencer), Iowa
Chapman
IDAHO
Idaho
w
■U
unlimited
an >
on
$400,000, payable
is required.
W1
said bonds
on
from
valorem
property.
I
fth
"
of
ion
vw;
& FINANCIAL CHRONICLE
'•'
Bond
,■/
Miss.
.■
-
Sumrall,
Offering—T. L.«
Clerk of the Board of
Supervisors.
until; Jo
a.m. on April
7, for the purchase
of $18,000 school bonds. Bidders
Will
.•5
receive
,t'Xvl..f
"f V-
sealed
-
bids
.
*'
•
—
JVV.
'
ty,
■s
_
/./V/'"' Trenton, Mo.
J|
Bond
Election U- An V issue
whether or not they
should state
W:.
the expense and cost of
will pay
bonds
.
Another
'
issue
water
sale
ed
are
bonds
revenue
election
//
t
1
Mont,
•'
Clerk
offered
for
the
for
the
of
County
receive
a.m.
on
April
of
purchase
,
be put into
divided into
may
voters
Election
■
■
©tf April li
//
—
at the election to be
held
1
serial
•
bonds
as
are
issued
and
Bond
and
place
the
purchasers,
Luna
&
Hyde
MEXICO
said
to
ance
of
Approved(—The State-is
have approved the issu¬
$25,000 court house bonds.
offered
Donds
for
water
sale
March
on
the
bonds
These
Omaha.
were
sold
The next highest bidder
offered; for sale the serial bonds will become pay¬
165, p. 1368— able on June 1, 1948, and a like Kirkpatrick-Pettis & Co.
were. awarded
to the St. Louis amount on the same day each year
NEW HAMPSHIRE
County National Bank, of Clay¬ thereafter untii all of such bonds
paid.
The bonds whether
ton, as l%s, at/a price of 100.19, are
Berlin, N. H.
a
basis of about 1.353%./ Dated amortization or serial bonds will
was
Offered—Bids
Notes
ceive
April 1,
M.
will pass
1, the voters
the issuance of the
sale.'
than
other
bids
All
behalf
by
or
of the State Board of
following bonds totaling $875,- Land Commissioners, must be ac¬
000:
$825,000
court house 'and companied by a certified check
county jail, and $50,000 Juvenile for $500, payable to the Clerk.
Detention Home bonds.
on
on
,
,
Laurel, Mont.
Kansas City,
Mo.
sale
for
of
1947
000.
These
amount of the
:V
■
r
17—v.
165, p.
Gray, Best, Coolidge & Rugg
Boston*
to
syndi¬
(State of)
Construction Bond Issue Refer¬
W
v
011
March
awarded
a
Eastman, Dil¬
Co., all of New York, and
the Prescott, Wright, Snider Co.,
lon &
v.v. ;V,V*
a
*•£;,*;»"/
v
•/^ZK.i/Z//;;!/••
&
endum Bill
of
Approved—The House
Representatives is said to have
amendment
passed a State Senate
to
a
House
calling for
measure,
Second best bid was an
for
100.002
$168,000
as
and
restricts
to
struction
the projected con¬
units of Montana's
March
Sale —The
$200,000
tax
to
7,
1947.
The
tf
/
until 1:30
fire
house
of
Haw¬
Wood, of New
for
2%
of
A
the
for, payable
City, is required.
the
Offering
Village
receive
bids
/
Carl
—
T.
Wil¬
Treasurer,
until
2
will
p.m.
011
March
28, for the purchase of
$30,000 fire apparatus coupon or
registered bonds, to bear not ex¬
ceeding 5% interest. Dated April
1,
1947.
Denomination v. $1,000.
These bonds
due
are
$3,000 from
Rate of in¬
April 1, 1948 to 1957.
terest
1/10
to
of
be
in
1%.
multiple of V4
or
will
be
The
bonds
agreed with the purchaser about
April 11, 1947.
Principal and in¬
payable at the Farmers Na¬
terest
Sealed
^
bonds
binding
the City.
delivered at New York, N. Y., or
at such other place as may be
bids
on
p.m.
tional
Bank
m-s/;/.
coupon
or
Malone.
of
The ap¬
proving opinion of Vandewater,
Sykes & Heckler, of New York
City, will be furnished to the pur¬
chaser
without
for
check
cost.
A
$600,
payable
Village, is required.
certified
the
to
Malone (P. O. Malone); N. Y.
Bond
Offering—Henry M. Maguire, Town Supervisor, will re¬
ceive
sealed
March
Sale—The $35,000 village
able
,
check
liamson,
Dryden, N. Y.
and
successful
City, will be furnished.
Bond
bid, is required.
Offered
the
op¬
of
-■<Malone, N. Y.
of the
•
of
the
at
obligations of
approving opinion
certified
21,
Bond
office
or,
amount of bonds bid
pay¬
"V
hall
the
April
York
for the
Rockingham County (P. O.
Exeter), N. H. ///;//
bidder
office
about
by the Town Clerk,
purchase of $20,000 high¬
way machinery bonds. Denomina¬
anticipation notes offered for sale
tion $1,000. Dated March 15, 1947.
on
March 14—v. 165, p. 1505—
Due $4,000 on March 15, in 1948
were awarded to the First Nation¬
to 1952, inclusive.
Principal and
al Bank, of Rochester, according
interest payable
at the Otsego
to Mayor C. Wesley Lyons.
Due
County/National Bank, Cherry
$125,000 on Dec. 10, and $75,000
Valley.
on
Dec. 30, 1947.
Rochester, N. H.
Note
The bonds wilL
the
kins, Delaf ield &
"
5%
t
received
were
of
at
will be valid and legally
Cherry Valley, N. Y.
Bonds
in
bidder, at
Hawkins, Delafield
Wood, of New York City, on or
the
April 2, 1946.
NEW YORK
of
Montana
of Kansas
City, as IV2S, at a a referendum on a proposal to
price of 100.10, a net interest cost vote bonds for post-war building.
of about 1.491%. Dated March 1,
The
amendment
reduced. the
1947.
Due on March 1, in 1943 amount of the proposed bond is¬
to 1967, inclusive.
Interest pay¬ sue from $7,500,000 to $5,000,000,
able M-S.
ed
on
check for
certified
be
delivered
tion
Treasurer's office.
the election held
A
to
successful
the bonds authorized at
are
due
are
1/10 of 1%.
be
Prager,
and interest
Principal
able at the City
the aforemention¬
bank, under advice of Ropes,
election to be held on April 7.
Kean, Taylor & Co.,
of
25,
$25,000 swimming pool bonds will
be submitted to the voters at the
composed of Lehman Bros.,
offer
1947 and payable Sept.
at the First National
Bank of Boston.
Notes will be
authenticated as to genuineness
March 25,.
$1,300,000 cou¬
improvement,
Series H bonds offered
1505—were
cate
issue
An
—
purchase at discount of
$500,000 notes issued in anticipa¬
tion of 1947 tax collections. Dated
and validity by
/•' Bond Sale—The
pon-'water works
5th Issue,
Election
Bond
25 for the
These bonds
Treasurer's office.
—
scheduled for April
on
multiples of V4
Principal and in¬
terest (A-O) payable at the City
or
-
-
re¬
p.m.
as
interest
,
*
will
2
1952, to 1956, $5,000 in 1957 to
I960, and $4,000 in 1961. Rate of
Denomination $1,- be redeemable in full on June 1, ceived, until March 21, by the City
Clerk, will receive sealed
Feb/1, 1952, and on 'any payment due
bids, until 5.m. on April 21, for
date thereafter before maturity. City Treasurer, for the purchase
from: 1948 to 1962, inclusive. The
of
$100,000' temporary
loan the purchase of the following cou¬
next highest bidder was the Har¬ The bonds will be; sold for not
notes. Dated March 28, 1947. Due pon bonds amounting to $125,000,
ris Trust & Savings Bank,"; Chi¬ less than their par value with ac¬
on Dec. 20,
1947.
Payable at the not exceeding 214% interest:
cago, f Cruttenden
& Co., and crued interest to date of delivery, National Shawmut Bank of Bos¬
$100,000 public parks bonds. Due
and
all bidders must state the
Dempsey-Tegeler & Co., jointly,
ton.
•
'
-<
$5,000 June 1, 1949 to 1968.
for $500,000
lV4s/ and • $500,000 lowest rate of interest at fwhich
////•/■•■■ ••
:.xr/'■
>:/ ////:
25,000 sewer bonds. Due June 1,
Manchester, N. H.
'l%s, at a price of 100.039.
/ • / they will purchase the bonds at
/as follows: $1,000 in 1949 to
par. The Board reserves the right
Note Offering
James P.
Jasper County (Pi O. Jasper), Mo. to reject any and all bids and to
1953, and $2,000 in 1954 to 1963.
Bourne, City Treasurer, will re¬
fc/ Bond Election—At an election sell/ the
Dated June 1, 1947. Denom. $1,said
bonds at private
ceive bids until 11 a.m. on March
«
until
in
These bonds are due
000.
Treasurer,
bids
'
B.
follows: $40,000 in 1948
1950/$35,000 in 1951, $15,000
to
Interest
N. Mex..
<
William
—
general
Offering—L.
March 1, 1947.
City
sealed
The
/ Roswell,
Bond
Offering
tion $1,000.
$17,000 in 1965. ^ All bonds
maturing after 1954 are callable
at the option of the city on May
15, 1953, and on any interest pay¬
re¬
'
provement, equipment and sewer,
coupon
or
registered bonds, - co
bear not exceeding 4% interest.
Dated April 1, 1947.
Denomina¬
payable M-N./
were
fur¬
25, for the purchase of
$254,000 issue of 1947, street im¬
and
thereafter.
The
be
March
Treasurer
date
will
for
Byrne,
Due on May 15, as follows:
$28,000 in 1956; $29,000, 1957 and
1958; $30,000, 1959 and 1960; $31,000, 1961; $32,000, 1962 to 1964,
ment
Treasurer.
Kingston, N. Y.
purchased by
as
l^s, at
were
time
be specified by
with the consent
bidder
Bond
par.
17—v. 165, p. 1505—were awarded
to the Wachob Bender Corp., of
sold
bonds
State
New
$600, payable to the
District, is required. \'/y•'// ,•.;// V/
Additional Bond Sale—The City
Clerk
also
states
that
$290,000
$321,000 school
of
other
may
District
check
'
,,
Bond Sale—The
Bank
such
or
as
Hoyt & Washburn, of New York
City, that the bonds are valid
and binding obligations of the El¬
mont
Fire District.
A
certified
Raton, N. Mex.
District,
the
t
nished with the opinion of Reed,
N. Mex.
165, p. 1368—were
Smith, Barney & Cor,
Park
successful
Country (P. O. Deming),
Bonds
office
of .the
NEW
V
17—v.
March
on
of
York, and the First Bos¬
bonds
building
ivery will be made at
the
$1,000,000 first
Falls City Neb. School
No. 56, Neb..
April 15, 1947,;
and the de
approved' by Reed, Hoyt
Washburn, of New York.
18—v.
to
May 1,
ity
the
District
Power
due
are
follows: $5,000 in 1948 to 1957,
and $6,000 in 1958 to 1967.
Legal¬
they will be in the amount of subject to the election to be held
$1,750 each; the sum, of $1,750 of sometime/in May,
Clayton School District, Mo. •
Sale —The $1,000,000
v
or
the Board may
determine upon at" the time of
sale, both principal and interest
to be payable in semi-annual in¬
stallments during a period of 20
years from the date of issue. If
An issue of
$60,000 electric system revenue
bonds willJ be submitted to the
MI Bond
bond
several bonds,
.Camdenton, Mo.
-»'/ ///
•'
single
one
Public
These bonds
when the bonds will be delivered
to the purchaser is
as
April 1.
on
Dated'May"!,
Bonds Sold—It is stated by the
City Clerk that the $210,000 water
Donds werepurchased by First Na¬
tional Bank, of Raton, as l%s, at
a price of
100.238, a basis of about
1.43%.
Due on May 15, as fol¬
lows: $25,000 in 1948 and 1949;
July 1, 1960 and 1961, $25,000
Jan. and July 1, 1962 and 1963, $26,000, 1950 to 1952; $27,000, 1953
arid
1954, and $28,000 in 1955.
and
$450,000
maturing
$25,000
Jan. and July 1, 1964 to 1966, and All bonds maturing after 1954 are
callable at the option of the city
$30,000 Jan. and July 1, 1967 to
on May
15, 1953, and on any in¬
1971 y as 2V2s.
Interest payable
terest payment
date thereafter.
J-J. Dated Jan. 1; 1947. Denom¬
Interest payable M-N.
ination $1,000.
Superintendent
June 1, 1947? Amortization bonds
that he will receive
will be the first choice and se¬
sealed bids until 7:30 p.m. on
rial
bonds
will
be .the
second
April 7, for the purchase of $100,choice of the Board. If amortiza¬
000 building bonds, approved by
tion bonds are.sold and issued,
ihe voters on Feb. 11.
the entire issue
MISSOURI
1947.
bonds, 'hot exceed¬
interest.
Corp., jointly, at a price of
98.817, a net interest cost of 2.4398%, as follows: for $370,000
maturing $15,000 Jan. and July 1,
1949
to
1955, $20,000 Jan. and
July 1, 1956 to 1959, as 2s, $180,000
maturing $20,000 Jan. and
$35,000
county building bonds, to -bear
not exceeding 6% interest. Dated
Offering—It is stated by
at
voters
held
4%
on
Gurnett,
will
sealed bids until 10
14,
the
be
Sale—The
awarded
'-t
Board
Commissioners,
Sch. Dist.
ing
of
(P. O. Columbus), Neb.
March
Jordan),
Offering —G.
of
issue
An
—
registered
or
,
issue of 1947, western system rev¬
enue
bonds offered for sale on
$5,000
Schools,
of
to
to
Bond
recently to local individuals.
Bond
Tennyson,
B.
W,
Election
submitted
due
Nov. 22, 1946, was award¬
on
180,
■/•*.
Nebraska
,.//'.;Z\;.;///.
Garfield County (P. O.
(P. O. Union), Miss.
Bond
'/ "■./"./
held
be
to
•
$40,000 construction bonds will be
of New
$10,000 East
Separate
Union
election
These bonds
/
,
Bond
the
to
Alberton, Mont.
;
price of 100.40.
a
submitted
Bonds Sold—An issue of
purchased by the State Bank &
Trust Co., of Brookhaven, as 2%'s,
■•V*
'•••'
Consumers
Lincoln School District bonds was
at
of
P;J;|,i;V':montana' :C;'/ &
,
v
of
the
in 20 years.
$18,000 Fair Oaks Springs School
District bonds was purchased re¬
cently, by the Max T. Allen Co.,
of Hazelhurst, as 2 V2s, at a price
of 100.277/
at
be
April 1.
on,
Dists. (P. O.
4
will
voters
Miss.
Bonds Purchased—An issue of
>
pi <
Callaway School District No.
-
$150,000 2 V2% street improvement
preparation of said bonds and the
validation thereof.
A certified
check for 2%;., of the par value
of the bonds, is required.
v/;,
Lincoln County Sch.
// ///
Brookhaven),
t
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4579:
Volume 165
bids until 2
for
airport
p.m.
on
purchase of
$50,000
coupon or regis¬
tered bonds, to bear not exceed¬
the
26,
Note Offering—Earle R. Stockremaining $1,132,000 university system. ;////
registered bonds offered for sale ing 5% interest. Dated March 15,
as ;l%s,
bridge, County Treasurer, will re¬
submitted by Phelps,
on
March 14—v. 165, p. 1368— 1947. Denomination
$1,000. These
ceive
sealed
bids
until
noon
Nebraska
Fenn & Co., and associates. The
were awarded to the First Nation¬
bonds are due $5,000 from March
First Boston Corp., and associates,
(EST), on March 27, for the pur¬
Alliance Sch. Dist. (P. O. Alliance),
al Bank of Dryden, according to
15, 1948 to 1957. The bonds will
chase of $150,000 temporary loan
offered
the
next
highest bid,
Neb.
be valid and legally binding gen¬
which was par for $168,000 as 3s,
notes, at a discount. Dated March the Village Clerk. Dated March
/ -Pre-Election
Bond Sale — The
eral
obligations of /the
Town.
and $1,132,000 as IV2S.
28, 1947.
Denomination $25,000.
Superintendent of Schools states These notes are due Dec. 19, 1947. 1, 1947. Due on Sept. 1, in 1947
to 1966, inclusive.
that $220,000 1%.% school bonds
Interest pay¬ Principal and interest payable at
Macon, Mo.
3s,
and the
Payable at the National Shawmut
were
offered on March 10 and
Election—Jhe issuance of
Bank of Boston, and will be ready
$50,000 airport bonds will be sub¬ were awarded to Bosworth, Sul¬ for delivery on or about March
mitted to the voters for considera¬ livan &
Co., of Denver, as l3As, at 31, 1947, at said bank. The notes
tion at an election to be held on
will be certified as to genuineness
a price of 100.321, a basis of about
April 1, it is stated. //
and
validity
by
the
National
1.46%. Due as follows: $5,000 in
Shawmut Bank of Boston; under
it/'iil/'"'r i ■ Milan, Mo. "■
1948;' $6,000, 1949; $8,000, 1950 advice of Storey, Thorndike' Pal¬
•"Bond Election
An issue of
and 1951; $15,000, 1952; $22,000, mer & Dodge, of Boston.a/
$86,000 light improvement bonds
Will be submitted to the voters at 1953; $23,000, 1954 and 1955; $24,JERSEY
th£ election to be held on April 1. 000, 1956 to 1958, $22,000, 1959,
il
Edgewater, N. J.
and $16,000 in 1960. Interest pay¬
OD >'
,/ Monett, Mo.
Bond
Ordinance
Passed — On
Bonds; Voted and Defeated—An able A-O. (These bonds were of¬ March
4, the ordinance calling for
issue of $65,000 sewage system fered and sold subject to the re¬
the issuance of $48,000 veterans
bonds w4& favorably voted at the
sult of an election to be held on housing bonds was passed on fina"
.
Bond
the
Hempstead, Elmont
Fire Dist.
/
(P. O. Elmont), N. Y.
;
:
election held
same
time
At the
March 7.
on
airport April 1.)
the. $25,000
;■
-.
Bond
Palmyra School District, Mo.
submitted
election
to
to
be
the
bonds
will
at
voters
held
on
be
the
April
1.
Clerk
Election
states
—
that
scheduled
for
the * voters
pass
The
an
April
on
issuance of $59,000
,
.,
Paramus Sch.
Bassett, Neb.
Bond Election—An issue of $8,-
000' construction
'/
-
bonds failed to carry.
reading.
Village
election
1,
to
is
/
Bond Offering—Walter
man,
.
ceive
sealed/bids
of
have Edtication/WiH receive sealed bids
UYi'tif 8 p.rh?*$n April 21, for the
the proposed
water bonds.
(EST),
chase
until
4
p.m.
purchase of $110,000 school coupon
March 28, for the pur¬
on
of
coupon
$30,000/fire
or
exceeding
registered
000.
These bonds
be
bonds, not
Dated
Denomination $1,are
April 1, 1948 to 1957.
to
apparatus
interest.
5%
April 1, 1947.
or
T. Whitt-
Attorney for the Board
N/Y.,
or
Malone.,
delivered
at
at such other
Bond Offering—Arthur F. Hy¬ place as may be agreed with the
Secretary, will re¬ purchaser about April 9, 1947.
terest
Dist., N. J.
be
att,- District
—
;M/;;S/;SNEW-
will
bonds
New York,
Co.,
Trust
Peoples
Th4
in
a
multiple of
general obligations payable from
unlimited
and
ad
valorem taxes.
Principal and interest payable at
the Bank of New
Hyde Park, New
Hyde Park. The approximate time
approving opinion of Vande-,
water, Sykes & Heckler,
York
of New
City, will be furnished.
certified
check
$1,000
for
able to the Town,
A
pay¬
is required.
Housing Authority,
New York ,/
,'•/'
New York City
/
due $3,000
Rate of in¬
These bonds are
1/10 of 1%.
The
-
Note Offering
Tretter,
Executive
announced/ that
be received
—
sealed bids will
until noon (EST), on
March 27 for the
purchase of $14,-
438,000/ temporary
Dated
are
Maxwell H.
Director, has
April 17, 1947.
due Nov.
loan notes.
These notes
10, 1947.
1642
THE COMMERCIAL & FINANCIAL.
New
York
City, N. Y.
I awarded to the Scottish Bank of
Notes
Sold
LazarusJoseph, Lumberton, as 2s, at a-price of
City
Comptroller,
announced 101.71, a basis of about 1.792%
March 20 the allotment to various Dated
April 1, 1947. Denom. $1,000.
New York City banks of
$40,000,- These bonds are due April 1, as
000
of
0.75%
tax
anticipation follows: $1,000 in 1950 to 1957, $2,-,
CHI^NICLE|^g^^^:^;^|%-Moftdayt March 24,1947
July 1, 1946. Denoms. $1,000 and April 1,;1947. Denomination $1,$500.. These bonds are due $1,5000 000. These bonds aro due v $1,000
rom Feb. 1, 1948 to
Oct. 1, 1948 to 1957 V Bidders may
—
bid for
Christiansburg-Jackson Local
School
District
e
in
(P. O..
fied
•
different rate of interest
a
multiple of
A certi¬
payable to
notes for the 1946-1947 fiscal
year.
The notes
are
dated March 21,
| 000 in
1947
Offering—George H. Neer, 'i iturpersfield Local Sch; Dist* (P* QJ
Co., for $8,000 2s.
Clerk of the Board of Education,
>1 Rock Creek, R. F~
and $6,000 2Y4S, at a
Di), Ohio1
price of par.
will receive sealed bids until noon
Bond Sate—The $20,000 school
Mecklenburg County (P. O.'
on April
11, for the purchase of bonds offered for sale on March
Charlotte), N. C.
$44,000 school bonds. Dated April 13—v. -165, p. 1369—were awarded
"Notes Sold—An issue of
1947.
Denomination
o Hayden, Miller &
$2,000.
$20,- 15,
Co., of Cleve¬
000 bond anticipation notes of- These bonds are due $2,000 April
land, as ll/as, at a price of 100.155,
| fered; lor A sale recently,vpwere and Oct. 15, 1948 to 1958. Bidders a basis of ;abput
;1.47% ; o Dated
awarded h to the American Trust may bid for a different rate of
Jan.-l,v^947:X DueX$2iOOO ^
Co., of Charlotte, at 0.44%...o—XXX interest to be in multiple of
SeptX,;iiX 1948./toXl957^ inclusive.
and
The
!
mature
The
Chase
of
1
the
Amount
National
City
of
Bank
New
Kings Oouuty Trust
Brooklyn, N. Y._
I
The
v
■
'\'r
York„„
$7,296,000
Company,
120,000
National
of
City Bank
:
;
York—;..—.—
New
6.184.000
Guaranty Trust Company
-of New York_—_
Bankers, Trust Company_.._
Manufacturers Trust
Company..
,
,
*;
'
CentraL
and
Hanover
Trust
First
the
Irving
Bank
\ J.
Trust
Co.__
City
of
1,960,000
New
Manhattan
Morgan & Co.,
Incorporated
The
New
York
Co
1,600,0001
of
New
York
Trust
Company
'
Co._,_._
of
Commercial
and
Brooklyn
of
New
Trust
York
.
Bank
1
Company—.
Company
Continental Bank and Trust Co.
Company
Federation
SV
and
of
;
York
Bank
Trust
Fulton
Company
Company
Trust
New
—_
v
and
.
York..
Gaurantee
Trust
Company...
....$40,000,000
X
Bond Sale—The $20,000 water
supply bonds offered for sale on
March
14—v.
awarded to
165,
E,
H.
New York, as
1368—were
p.
Rollins &
1.40s, at
a
of
Sons;]
price
100.117, a basis of about 1.375%.
Dated March 1, 1947. Due
$2,000
X from March 1, 1948 to
1957, in¬
clusive.
Interest
payable
M-S.
Second best bid was an offer
'* #i;
Glens
b
i
I
Ut*
National
Falls
Bank
^
Glens Falls.
Westmoreland
and
XWhitestown,
Central School District No. 1
(P. O.
Westmoreland), N. Y.
Bond Sale—The
$20,000 school
bonds offered for sale on
March
18—v. 165, p. 1506—were
awarded
Sherwood & Co., and
Fitzger-
to
aid &
Co., Inc., both of New York,
jointly, as 1.60s, at a price of
100.405, a basis of about 1.555%.
April 1, 1947. Denomination $1,000. These
bonds are due
$1,000 April 1, 1948 to 1967. The
next highest bidder
was E. H. Rollins &
Sons, for 1.60s, at
of 100.394.
f
Offering—W.
E.
Peeler
a.m.
office
on
chase
in
Raleigh, until
March
of
25,
for
the
11
to
1955,
1956 to
and
Each bid may name
or
rates for the
$1,000.
Principal
payable
General
1, 1947.
in
New
on
15, 1947, at place
of
purchaser's choice. Bidders
are
to
interest
1%.
The
name
rate
Hoyt &
Washburn, of New York City, will
be
,
furnished
or
rates
multiples of lk of
approving opinion of
A
check
the
c
RnnH11V£y
.
,
rSH1,ngi\ FaS'
fS;
165,
v. i
p.
,
March
wat?r
?^nc°r were
Sa
1506
18—v.
awarded to
'
to
be
held
multiple
ahd
Bond
X.
X
#
a
.
BahkvXAndbver.X'AXcerti-!
of the amount
bonds, payable to the Board
pf Education; is required! v
SJhelby CityJSchool Pidftci^
Bond Sate-^-The
bonds/'Dated May
1,
do, Otis & Co.j of Cleveland, and
^yah, Sutherland & Co.,;of Tole¬
do, as l3/4s, at a price of 101.686,
$1,000: These
Oct.!, as follows:
due
are
$600,000 School
bonds offered for sale-on
March1
8—v. 165, p. 1369—were
awarded
0 a syndicate
composed of Stran¬
ahan, Harris & Co., Inc., of Tole-
94^- v Denominatioh
oonds"
of
the
>
a;
piPrincipal'
led check for 1%
Offering—Henry A.: Rees,
provement
on
bid for
interest /in
may
rate, of
of the
3U for the purchstse of $250,000
% hospital building and iinr
■ ■
$800, Sept. 1, 1948
interests payable > at the An-
dover
on
Director of Finance, will receive
sealed bids until noon on March
165, p. 1242—were
syndicate composed
a
election
due
1952.X Bidders
different;
j/XX'X-X- Lake wood, Ohio X'-X/XV-/
AprilXI,
from April;!,
offered; for sale
'■
x>nds are
Anf issue; of
not ex-X
interest./ Dated Jan.
1947. Denomination $800.
These
to
XX/'
Education' : !
bids until 8:30
April 5, for the
purchase''
$4,000 building bonds,
,
submitted to the Voters at the
*
Dated
1
school; bonds
p.m. on
protection
inclusive/
»vv' y.."v:;:'-^v;v
will receivO sealed
X. X' XX X'X
.
'
.
j
$11,000 in 1948 to 1961, and $12,-
basis
000 in 1962 to
of
about
First National
ris Trust &
,
A-O.
Franklin Cty.
Avon
Bond Sate—The
aggregating
on
were
March 14—v.
to
165, p. 1115
Fox, Reusch
Oct. 1, from 1948 to
1952,
inclusive.; v
X
28,300 special assessment bonds.
on
-
Due
:
on
Dated
Clark
&
Oct.
1, from 1948
inclusive.
1952,
March
Co.,
1,
was
to
1947.
Fahey,
the next high-
est bidder for the bonds,
D
.
of
the
a
syndicate
Northern
Trust
Stranahan, Harris
101.14.
X
'
;
»
;
price of
a.
Savings Bank &
Cincinnati, as 2^s,
price of 10L27, a- basis of
,
Trust Co.,
Maumee, Ohio
-•
bonds offered for sale on March
15^-v. 165, p. 1242—were awarded
to the Provident
&
>
at
,' •*
a
vr
of
Bond Sale—The
$132,000 water
bonds offered for "sale
on
March 17—v:
Denominations
awarded
1971.
about 2.378%.
main
165,
to
These
1242—were
Stranahan; Harris &
p.
Dated Jan. 1, 1947.
bonds
$1,000
$500.
and
due
are
in
1948
to
The next highest bidder was
Chicago, Braun, Bosworth
Co.,/Inc., of Toledo, as 2s, at a Ryan, Sutheland &
Co., for 2
Inc., Hawley, Shepard & price of
at a price of
100.849, a basis of about
101.173.
X-X:XXX.H||X;.
Cleveland, G. H. Walker & 1.935%. Dated
April 1, 1947. De¬
New York, and Fullerton
Wickliffe School
nomination $1,000. : These
District, Ohio
bonds
Bond
of Columbus, as', 1 %s,. a;
Offering — Mildred K.
pre ' due Oct.
1,, $4,000 in h 1948
a price of
101.42, a basis of about to
Truax, Clerk-Treasurer of X the
1965, and $5,000 in 1966 to 1977
1.62%:
Board of
The
next
Education/ will receive
X;XX'';-X-'XUXP¥:rfX'
.highest
bidder
was
sealed bids until
$300,000 Vetera ns'X Memoria Braun, Bosworth &
April 12, for
Co., Inc., for the
purchase .a of
bonds, Second Series.^ Due
$225,000
4%
>vat a price of
-
164, p. 3342—were awarded
to the First National Bank, of
—v-
price of
March and Sept.
1, in 1948
to 1969.
par.
Dated
•;'XXvv'X':£-.V"
550,000 Children's Home, Secontl
(
Series bonds. Due on March
Xx and Sept.
in 1948 to
1,
1971
50,000 Court House, First Series
bohds.
Due
on
March
and
Sept. 1, in 1948 to 1971.
■::
Dated
March
1,
1947., .Interes
payable M-S.
an
Second best bid was
101.219 for l%s, sub
offer of
mitted by the Harris Trust & Sav
Bank of Chicago, and the
ings
..
First Boston
Corp., bidding joint
ly, while third high was an offer
by Halsey, Stuart & Co., and as
bonds./'
r,».
revenue bonds sold last December
a
to
awarded
sociates,
Burton, Ohio
(Burton; at
$900,000^:' offered for
14—V4 165,; p. 1369
was
Co., Inc., for 2 %s, at
following bonds
Co., of
& Co.,
Co., of
Co., of
& Co.,
on
following bonds
$99,300, offered for
awarded
:'':XXX.rfXXy'
March
on
composed
;
;
X
sale
Lake, Ohio
Bond Sale—The
sale
(P. O. Columbus)
Ohio
^
highest
bidder
°1'
Bond Sale Details—The
$15,000
first mortgage water works
#
1
En-
2%
mr
sewer
March
purchaser.
OHIO
$5,700, payable
Treasurer, is re-
State
r
cer-
for
quired.
on
the
close a certified check for $3,500
payable to the State Treasurer.
in
Masslich &
Mitchell, of New York
City, will be furnished.
tified
Reed,
$71,000 village's share bonds. Due
obligations; delivery
requested
of
City.
about April
xfand
1948 to 1957,
'■
balance, bu
inter¬
York
be
165, Vp.1 1115—
$2,000
Board of
municipal X:water;X and
extension; bonds will
primary
May 6.
Columbus City School District, Ohio
Bond
Sale — The * $1,200,000
rate
& Co., of
Cincinnati, according to
the Village Clerk:
v
Denomina¬
and
one
approv¬
opinion
1959.
Dated Jan.
Due
—were
215,000 street improvement
bonds.
•/*
1947.
aggregating
$10,000 in
Due Jan.
1, as follows: $7,000
in
1950 to
1954, $17,000 in
1955 to
1964, and $10,000 in
1965.
fire
10—v.
postponed.
was
bid may name more than four
ing
not
1950
semi-annual
Dorset, RFD 2), Ohio
BondX'^Offei'l^g^^^uthXX®!!
Clerk of the
line
sewer
$20,000 not to exceed
March
:
Election -^
$46,000
is
oonds, which had been scheduled
for
V;X>'
School District
<
No bid for less than
par
and accrued interest. The
pur¬
_
of the
6%
of
turities.
the
exceeding 6% interest:
$79,000 sanitary sewer bonds.
Due
Jan. 1, as follows:
$5,000 in
Postponed —It
Bond
stated by Harry D. Hunt, Clerk of
Board of Trustees, that the
sale
X;XXX'';i
Jefferson> Ohio
the
&
bonds of each rate. Each rate must
be for bonds of consecutive
ma¬
Easter¬
following coupon
jbonds amounting to
$285,000, to
bear
to
cost
Sale
Local
of
bonds.
re;
Richmond
p(p. O.
is
«{
.
ceeding d%
•v'/XX'X'X-\XX'v: v.
rates, and each bidder must spe¬
cify in his bid the amount o:!
ernment, will receive sealed bids
cf
Bond
Education,
quired.
M-S. /vRunnerin the bidding was J. A. .White
Co»» offering 100.142 for^ 1V2 %
i
A '
$2,000, payable;
1969. Bidders may
,1.57%. X Dated
Bank, Har¬ bid'for :a different rate of inter¬ April 1", 1947. Denomination
$1,Savings Bank, both of est' in. a ;
000.
These bonds, are due
multiple ofvof T%,
Marqh 1, 1947.
$15,Chicago, First of Michigan Corp.,
OOO on April and Oct.
nterest payable April and Oct.
000. The next highest bidder was of
1, in; 1948
1,
New York, Milwaukee Co., of
to 1967; The next
of each year,
except that the first
highest bidder
Breed & Harrison, Provident SavMilwaukee, and Martin, Burns &
coupons shall provide for the pay¬ was J. A. White & Co., for l%s,
ings Bank & Trust Co., Cincin- Corbett, of Chicago, as
l%s, at a ment of interest from
at a price of l01.293.'
May 1, 1947
?ti, and Weil, JRoth & Irving^Co., price of 102.16, a basis of about o
Oct.!, 1,947. A certified check
jointly, for $127,000 3s, and $280,- 1.562%. Dated April
Tallmadge Local, School District,
1, 1947. De¬
:or;";2% of the ( amount of the
nomination $1,000. / These bonds
•XXv;X;X;X; Ohio
0°° 23/4s> a* a Price of 100.01.
jonds bid for, payable to the
City,
Bond Offering—Florence E. Yoare due $60,000 April
1, 1949 to is required.
Raleigh, JV. C. XX'1" XXX':'
1968.
The
next
hey, Clerk of the Board of Edu¬
highest bidder
Bond Offering—Sealed bids will
was Braun, Bosworth &
Co., Inc., Lyndhur8t <and South Euclid School cation, wil receive sealed bids
be received until 11 a.m.
(EST), Mercantile-Commerce
until noon on' March
District (P. O. South
Bank &
27, for the
on March
Euclid),
25, by W. E. Easterling,
Trust
purchase
of
;•••■ X ■
Ohio
Co.,
St.
Louis,
William
$170,000 X building
''X''''XXv;
Secretary of the Local GovernBond Sale—The
Blair & Co., Provident
ui*
Savings
$916,000 school Donds,' not exceeding 4% inter¬
i™
lYlGIlt COlTllTllSSlOllj of XllS OIllCG in
Bank
&
Trust
Co., Cincinnati, bonds offered for sale on March est. Dated April 1, 1947. Denom¬
Raleigh, for thp purchase nf $175the
of $175,
Ohio Co., of Columbus, First of 18—v. 165, p. 1369—were
ination $1,000.
These bonds are
award¬
000 coupon sewer and
equipment
ed to
a
syndicate composed of due $3,000 April and Oct. 1, 1948
bonds. Interest rate is not to ex- Cleveland, and City National Bank
& Trust Co., Kansas
City, jointly, Fahey, Clark & Co.; First Cleve¬ to 1950, and $4,000 April and
ceed 6%, payable J-D. Denominafor 1 %s, at a price of 101.686.
land Corp.;
Ball,;Burge & Kraus, Oct. 1, 1951 to 1969. Bidders may
tion $1,000. Dated March
1, 1947.
all of
-Cleveland; Weil, Roth & bid for a different rate of interest
Due on Dec. 1, as follows:
$4,000 Fair port (P, O. Fairport Harbor)
Irving Co.; Pohl & Co.;: Season- in/multiple of % of 1%. These
in 1949 to 1963; $5,000 in 1964 to
Ohio
bonds were.-authorized at the No¬
good & Mayer; Van
Lahr, Doll &
1966, and $10,000 in 1967 to 1976,
; Bond Sale—The $5,000 fire ap¬
vember election in 1945. A certi¬
all inclusive.;, Principal and inter- paratus bonds offered for sale on Isphording, all of Cincinnati, and
Ginther & Co.,; of
fied check for
$1,700, payable to
est payable in New York City, March 18—v. 165, p. 1369—were
Cleveland, as
23/4s, at a price of 101.324, a basis the Board of Education* is re¬
awarded to J. A. White &
Unlimited tax;
ipegisterable as to
Co.,; of of about 2.62 %v D'ated
^
: X/
April 1, quired. X vy x Vprincipal alone; general obliga- Cincinnati,; as 2s, at a price of
1947.
tions; delivery at place of pur- 100.14, a basis oL!.95%X Datec
Denomination'$1,900. These
Vienna
Township Local School
bonds are due
$19,000 on June and
chaser's choice.
Bidders are re- April 1,1947. Denom. $1,000. These
District (P. O.
Dec;: 15, in 1948 and
Brookfield),
quested to name the interest rate bonds are due $1,000 from Nov.!
1949, and
."xxz;%>■;.v
Ohio 1;?;?;/;x.
$20,000 on June and Dec.
or
1948
yO
1952.
rates, in multiples of % o
Interest payable
15, in
Bond Sale—The
1950 to 1970. : The
$80,000 school
next
no
ling, Secretary of the Local Gov¬
his
•
certified check for
to the Board of
Interest ; payable
Clay Township (PJ O. Box 334,
Route 3, Portsmouth),
Ohio^
Dickson
M-S. Dated
Denomination $1,-
rate
Concord, N. C.
Bond
or
required.
for part of the bonds (having the
earliest maturities), and another
NORTH CAROLINA
est
165, p.
syndi-
Interest payable
1%.
price
a
1%;
up
i
rale'
of 1/,
v
Dated
tion
S.
author¬
different
The, approWng opinion 0f
Village; is required.v;;;r;.'. ^,;' Squire, Sanders v&
Dempsey "0f
Cleveland, will be. furnished'
.
of
1 1/
X Trust Co.,
at
R.
a
were
a
multiple
1
-'
1 OR
-
fgr
a
1943 to-
-
Falls), N. Y.
1
Lee
3s.
South Glens Falls (P. O. Glens
V "1AA
of
to
es
Total
.v of
18—v.
'
X Title
'r v
Bank of New
March
the
at
election h?id on Feb.
4. A certified check for $440, pay¬
able to the Board of Education, is
offered
2.743%, as fol360,ooo I lows: for
$56,000 maturing March
(.320,000 h $8,000 in 1950 and
1951, $12,000
240,ooo -in 1952 and 1953, $16,000 in 1954,
200,000 as 2s,
$91,000 maturing March 1,
JSS'JS® $16,000 in 1955, $17,000 in 1956,
$18,000 in 1957, $2O,0®O in 1958
80,0001 and 1959, as 2y2s, $200,000 matur¬
mg $20,000 March 1, 1960 to 1969,
as
23/4s,
and
$60,000 maturing
80,0001 $20,000 March 1, 1970 to 1972, as
York
Fifth Avenue
bonds
awarded
composed
interest
;
he
XXXXv'---
These bonds
ized
Co., of Durham,
and Fox, Reusch & Co., of Cin¬
cinnati, at a price of par, a net
]
.
Trust
Empire Trust
J.
560,000
...—
Co,.
States
New
-
Trust
National
Trust
United
^'fifinnno
—
ParU)ip£Xf*U$
of 1%.
V.'Xv
$407,000 elec¬
system
on
...
& Co., of Charlotte, Branch Banking & Trust Co., of Wilson, Vance
Securities Corp., of Greensboro,
ueo.ooo
Bank
The Marine Midland
•
Company.!
National
Public
and
«
cate
1,200,000
-
_
Trust
light
1«6®2'S?J 1506—were
Exchange Bank Trust Co.;
Bank
The
¥1
tric
Bern, N. C.
Sale—The
1.680.0001 for sale
York
Company——__
the
Bond
PI
Corn
"v
New
2,480,000
Bunk
Trust
of
2,600,000
Bank
and
National
of
I
5,104,000
2,736,000
Co
Chemical Bank
Ohio
-
Bond
-
,
k
X""'X
was
R. S; Dickson &
allotments follow:
Participant
1958, and $1,000 in 1959 to
The next highest bidder
1962.
May 2, 1947.
on
R.D. 2, St.
$10,000 Dee. 15,
ders mdy bid
of interest in
ot 1%.
check, for ; $100,
due
are
of
;v
101.137
/.
for
:'X
c/:
Offering —Lula
r
y.
Reven
augh, Village Clerk, iWill receive
Lyme-Deming
X X
Local Sch. Dist
(P. O. New
Lyme), Ohio
Bond Sale—The
13—v.
ed to
J. r A. White &
cinnati,
as
2s, at
Co.; of Cin¬
price of 101.19,
a
basis of about
,1.84% X; Dated
Jan. 1, 1947.. Due
$500 from Sept.
I, 1948 lo 1961, inclusive.
.a
est payable M-S.
bid
2
was
an
offer
Inter¬
The
of
Vis, submitted
only other
100.714 for
by the
Banking Co., Jefferson.
North
Jefferson
Royalton Local School Dis
( P. O. R. R. No. 3, *■
trict
Brecksville),
1
Bond
Donnet,
Offering
Clerk
Education, will
until
of
—
Ohio
Board
of
receive sealed bids
noon
on
April a f for the
■purchase of $200,000 3%
4, for the purchase of
building
$10,000^
bonds. Dated March
street improvement bonds.
15, 1947. De¬
Dated nomination
$1,000. These bonds
sealed
bids
until
nodftl
on
Apri
bonds.
These
bonds
are
May;
and
Nov.
1, 1948 to
Bidders may bid for a dif¬
ferent rate of
interest in a mul¬
tiple of 1/4 of 1%.:
These bonds
were
approved
election held
at;the
Nov.
on
Willoughby Township
Ditrict (P. O.
general
5,
1946.
r.
Local School
Willoughby), Ohio
r
^Bond Offering—James
T. Smith,
Clerk of the
Board of Education,
will
receive: sealed y
bids
until
noon
on
April 7, for the purchase
$60,000 4% school
bonds; Dated
April 1, 1947.
Denomination $1,-
of
000.
™
These
May
bonds
rate
of
interest
PXes;of, V4/of
check
Board
(These
1
due
are
$2,000
and
Nov. a, in 1948 to
Bidders may bid for a dif¬
1962.
ferent.
William
the
school
due
1967.
$7,000 building
offered for sale on
March
165, p.. 1115—were award¬
bonds
1%%
Fredericksburg, Ohio
Bond
103.129.;
New
in
A
ipulti-
certified
foi\^600,
of
payable to the
Education, is required.
are
the bonds that had
^h^doted
17, the
!%•
offering
poned—v. 165,
for sale
of which
p.
1507.)
on
March
was
'
post¬
.
Number 4579
Volume 165
THE COMMERCIAL & FINANCIAL
CHRONICLE
Bonds Offered—Bids were re¬
Willoughby Twsp. Local Seft. Dist.
Turtle Creek, School District
ceived until March
(P. O. Willoughby), Ohio
18, by * the
(P. O. Turtle Creek), Pa. •«';
Bond Offering-r-James T. Smith,
Jown Clerk, for the purchase of
Boild Sale—The $200,000 cou¬
Clerk of the Board of Education, $40,000 water works system bonds.
pon playground bonds, offered for
will receive sealed bids until noon Due $3,000 in 1950 to 1961, and
sale on March 14—v.
165, p. 1116
$4,000 in 1962. These bonds were
on April 17, for the purchase of
—were awarded to Blair &
Co.,
$65,000 4%
joint high school approved by the voters on Feb.
Inc., as l%s, at a price of 100.924,
bonds. Dated May 1, 1947. De¬ 48.
a
basis of about 1.655 %.
Dated
nomination $1,000. These bonds
March 1, 1947. Due
Gracemont Sch. Dist. (P. O.
40,000 from
are
due $1,000 May and $2,00C
March 4, 1948 to
1967, inclusive.
Gracemont), Okla.
Nov. 1, 1948 to 1950, $2,000 May }yy
Bonds Offered—Bids were re¬ Interest
payable
M-S.
Second
and Nov. 1, 1951, $1,000 May and ceived
best bid was an. offer of
by the Clerk of the Board
Halsey,
$2,000 Nov. 1, 1952 to 1954, $2,000 of Education until March
Stuart & Co., of 100.639 for l%s.
18, for
May and Nov. 1, 1955, $1,000 May the
purchase of $9,995 building
and $2,000 Nov. 1, 1956 to 1958..
PUERTO RICO
and furniture bonds. Due
$2,000
$2,000 May and Nov. 1, 1959, $l,r in 1950 to
Puerto RicO Water Resources
1953, and $1,995 in
May and $2,000 Nov. 1, 1960 to 1954.
Authority
yiif '■■■""•■V
1962, $2,000 May and Nov. 1, 1963.
Noble County; Marland Indep-.
$50,000,000 Bond Offering Short¬
$1,000 May and $2,000 Nov. 1,
ly—A syndicate headed jointly by.
Joint Cons. Sck. Dist. No. 2
1964 to 1966, and $2,000 May and
B. J. Van Ingen & Co., Inc. and
Nov.; 1, 1967. Bidders may bid for
(P. O. Marland), Okla.
Bond Sale—It is stated by the the First Boston Corp., will short¬
a
different rate of interest in a
multiple of V4 of 1%. A certified Clerk of the Board of Education ly make public an offering of
.
x
■
-
<
to 1967.
*:
.
"
f
,
'
■
1/10 of 4%.
multiple of ^4
a
'
*
$650, payable to the
Board of: Education, is required.
for
check
that
the
equipment bonds offered
10—v.
Willoughby Local School District,
'
-V:../.:'-}-
i-i-rC,
Ohio
^va,;
165,
chased
1950
on March
1370—were
p.
pur¬
revenue
pursuant to the terms of
ment between
and
payable at the Central Hanover
Bank & Trust Co., New York
City.
The approving opinion of
Wood,
Dawson, of New York
City, will be furnished the pur¬
King
the
Van
Banco
an
chaser.
A certified check for
$5,000, payable to J. R. Pecktal, City
Treasurer, is required. \4;;\.f-
de
City, Okla.
y:>
nouncement
of
An¬
the
sealed bids ; until
noon
on* April 17, for the pur¬
chase
of
the
following
bonds
amounting to $405,000:
-
forthcoming
Bond Sale Details—The $244,financing wag made recently by
000 bonds awarded to the Secur¬
D. R. Bonniwell, financial director
ity Bank, of Ponca City—v. 165, of the Banco de Fomento. Of the
p.
receive
will
!
$220,000 elementary school bonds
t r;
Due5 $5,000 May and
$6,000
v .'' Nov.
1, 1948 to 1967.
1
(120,000 Browning and Lincoln
1
school buildings bonds. Due
I n
$3,000 May and Nov. 1, 1948
V#>; to-1967.
/
•
-
■
i
K
-
:
l
65,000 joint high school bonds.
Due $1,000 May and
$2,000
Nov. 1, 1948 tov 1950, $2,000
j May and Nov. 1, 1951, $1,000
May and $2,000 Nov. 1, 1952
to 1954, $2,008 May and Nov.
1, 1955,; $1,000 May and $2,000 Nov. 1, .1956 to 1958, $2,000 May and Nov.
1, 1959,
$1,000 May and $2,000 Nov. 1,
:
1964 to 1966, and $2,000 May
and Nov. 1, 1967.
,
<
"
;.
.:
v
,,
DenominaBidders may bid for
Dated May 1, 1947.
,
f
tlon $1,000.
:
:
interest in-,
rate of
different
a
a
multiple of lk of 1%. A certified
check for 1% of the face value
©f the bonds of each issue, payable
<
the Board of Education, is re-
L to
quired.
<
^
-«
.
Youngstown School District, Ohio
Bond Election—An issue of $5,-
400,000 construction bonds will be
submitted to the voters
at the
"
May 6.
;
held on
election to be
primary
1
.
1972, as 2s..
V
Anadarko, Okla.
Clerk, for the purchase
City
of
$200,000 municipal light and power
plant bonds. Due $20,000 in
1950 to 1959, inclusive.
■
-
Arnett, Okla.
Bond Sale
The $5,000 water
improvement bonds
—
of the
sale,
$25,000,000
an equal
amount of previously issued and
outstanding bonds; $4,000,000 for
will be used to redeem
receive
funding of capital improve¬
ment temporary notes, and the
remaining $21,000,000 will be em¬
ployed in the financing of a large
capital improvement program by
the Authority.
•
The
Banco-. Poular
Rico, the Credito
ceno
y
de
Puerto
Ahorro Pon-
and the Banco de Ponce will
join in the underwriting
as
will
the Banco de Fomento de Puerto
will participate for
Willow, Okla.
the purposes of servicing the sub¬
Bond Sale Details—It is now
scriptions of local government
stated by the City Clerk that the
pension and other trust funds as
$20,000 water works bonds sold well as for its own investment
to E. M. Clohessy, of Oklahoma
portfolio.
City, were purchased as 4s, at a I
The Authority operates 11 hy¬
price of 100.025, and mature on
dro-electric and five steam elecMarch 5, as follows: $1,500 in 1950
'tric plants serving an area of
to 1961, and $2,000 in 1962, giving
3,435 square miles and more than
a
basis of about 3.995%.
2,000,000 people. To distribute its
general
power,
the
Authority
OREGON
owns
and
operates 115 K. V.
\yy-y
Redmond, Ore.
transmission lines; 554.93 miles of
Bond Offering—The City Clerk 38 K.
V., and 22 K. V. sub-transwill receive sealed bids until 8 mission
circuits; and 5,104 con¬
p.m. on March 25, for the purchase ductor miles of lower voltage dis¬
of $30,000
water bonds.
These tribution lines.
bonds are due $3,000 in 1949 to
SOUTH DAKOTA
;
1958, optional in 1952.
sewage disposal system
bonds will be submitted to a vote
at
an
election scheduled for April
1, it is said. "a
■v
.
I
j
y-.yy-
Washington and Multnomah Coun»
tries, Union High Sch. Dist. No. 10,
Joint (P. Gk:'?Beaverton), Ore.
Bond Sale—The $325,000 school
bonds offered for sale on March
which
Brookings, S. Dak.
i/t
y]
is stated by
C. B. Herreman, City Auditor,
that he will receive both sealed
and oral bids until March 24, at
f Bond Offering—It
8 p.m:,
for the purchase of $250,-
000 electric plant revenue
bonds.
Interest rate is not to exceed 3%,
payable M-S. The rate is to be
specified in a multiple of y4 or
I/10th of 1%. No bid of less than
13—v.
165,
p.
•
.
«I
•
•
•
bids
until
2
p.m.
of the
following bonds totaling $75,000:
1%%
$30,000
street
water,
extension
.
sewer
bonds.
street
extension
1961
to
bonds.
1955
to
;
,
-
•
>•
•
-
•; i J
I -.
•;
.
;
■
was
Dawson, Okla.
Bond Sale—The
works'
?
sale
on
\
Moore, .Leonard & Lynch, few
2y4s, at
$40,000 water
system bonds offered for
March 18, were awarded
a
price of 101.09.
Somerset, Pa.
Bond Sale Postponed — Richard
Kingsport, Tenn.
Bond Offering—D.
W. Moulton,
City Manager, will receive sealed
bids until 8 p.m. on April 15, for
the purchase of $700,000 water
Pile, Borough Secretary, has an¬
to the First Securities Co., Inc., of
coupon
bonds,
nounced that the sale of the $184,- works extension
Wichita, as 3s. The next highest 000 2 % water works bonds has not exceeding 5% interest. Dated
bidder
3y4s.
was
'.'-'i.
Evan
L.
Davis,
-:,r
for
1965 and 1966, as iv2s, and
$239,000
maturing July
1,
$25,000 in 1967 and 1968, $26,000 in 1969 and 1970, $27,000
in 1971 to 1973, and $28,000
in 1974 and 1975, as l3/4s.
230,000 Street Improvement
bdnds. For $39,000 maturing
July 1, $7,000 in 1951, $8,000
in 1952 to 1955, as 23/4s, $97,000 maturing July 1, $8,000
in 1956 to 1958, $9,000 in 1959
to 1965, $10,000 in 1966, as
l^s, and $94,000 maturing
July 1, $10,000 in 1967 to 1971,
and $11,000 in 1972 to
1975,
Due
1958,
1965.
Dated July 1, 1947. Denomina¬
tion $1,000. A certified check for
5% of the amount of the bid, is
required.
.
Trezevant, Tenn,
Bond Offering—John Williams,
Mayor, has announced that he will
sell at public auction until 2 p.m.
March
on
street
28
an
bonds.
due in 1948 to
issue
These
of
♦
*
$40,000
bonds
are
•.
200,000 Water Plant and System
bonds. For $34,000 maturing
July 1, $6,000 in 1951, $7,000 ,
in 1952 to 1955, as
23/4s, $84,- /
000 maturing July 1, $7,000 '
in 1956 to 1959, $8,000 in 1960
;
to 1966, as l%s, and $82,000
;
V
maturing July 1, $9,000 in /
1964 to 1974, and $10,000 in
1975, as 13/4s.
TEXAS
Austin, Texas
Bond Sale—The
following bonds
$3,320,000 and of¬
fered for sale on March 20, were
awarded to a syndicate composed
of the National City Bank of New
York, Drexel & Co., of Philadel¬
phia, Merrill Lynch, Pierce, Fenner & Beane, of New York, Equi¬
table Securities Corp., Trust Co.,
of Georgia,
of Atlanta, Braun,
Bosworth & Co., Inc., C. F. Childs
& Co., Barcus, Kindred & Co.,
both of Chicago, Dittmar & Co.,
of San Antonio, Emerson, Roche
& Co., of Austin, and Roe & Co.,
of San Antonio, at a price of
100.123, a net interest cost of
amounting
l%s
as
1962.
•
to
'
Dated April 1, 1947.
Denomina¬
tion $1,000. Interest payable J-Jf
The next highest bidder was the
Northern Trust Co., Chicago, Harriman
Ripley & Co., Inc., Blyth
Co., First of Michigan Corp.,
Stern Bros. & Co., Kebbon, McCornjick & Co., City National
Bank & Trust Co., Kansas City,
Schoellkopf, Hutton & Pomeroy,
Lobdell
& : Co.,
Newburger &
1.715%:
Hano, James, Stayart & Davis,
$30,000 Airport Hangars and Im¬ Boettcher & Co., McDonald-Moore
provement bonds. For $5,000 & Co., and Moroney, Beissner &
maturing $1,000 July 1, 1951 Co., jointly, for $672,000 IV2S, and
to 1955, as 2%s, $17,000 ma¬
$2,648,000
13/4s,
at a price of
turing July 1, $1,000 in 1956 100.333, a net interest cost of
to 1960, $2,000 in 1961 to 1966, 1.7299%.
as IV2S,
and $8,000 maturing
Beeville Indep. Sch. Dist., Texas
$2,000 July 1,-1967 to 1970,
Bonds Publicly 'Offered—The
as 13/4s.
following
bonds
amounting to
400,000 Electric Plant and Sys¬
$600,000 are being offered for sale
tem bonds.
For $67,000 ma¬
by the Provident Savings Bank &
turing July 1, $13,000 in 1951 Trust
Co., of Cincinnati:
>
to 1953, $14,000 in 1954 and
1955, as 2%s, $169,000 matur¬ $101,000 2y4% school bonds. Due
March 15, as follows: $9,000
ing July 1, $14,000 in 1956
in
1948 to
1949, $10,000 in
and 1957, $15,000 in 1958 to
1950 to 1954, and $11,000 ip
1961, $16,000 in 1962 to 1965,
1955 to 1957.
0
$17,000 in 1966, as l^s, and
118,000 2^2% school bonds. Due
$164,000
maturing
July
1,
March 15, as follows: $11,000
$17,000 in 1967 and 1968, $18,in
1948, $12,000 in 1959 to
000 in 1969 to 1972, $19,000
1962, $13,000 in 1963 and 1964,
in 1973 and 1974, and $20,and $11,000 in 1965 to 1967.
000 in 1975, as 'l%s.
248,000 2%% school bonds. Due
600,000 Highway Rights-of-way
March 15, as follows: $12,000
bonds. For $101,000 maturing
in 1968, $11,000 in 1969, $12,July 1, $20,000 in 1951 to
000 in 1970 and 1971, $23,000
1954, $21,000 in 1955, as 23/4s,
in 1972 and 1973, $24,000 in
$253,000
maturing
July
1,
1974, $25,000 in 1975 and 1976,
$21,000 in
1956
and 1957,
$26,000 in
1977, $27,000 in
$22,000 in 1958 and 1959, $23,1978, and $28,000 in 1979. J
000 in 1960 to 1962, $24,000 in
133,000 3% school bonds.
Due
1963 and 1964, $25,000 in 1965
March 15, as follows: $29,000
and 1966, as IV2S, and $246,in 1980 and 1981, $30,000 in
000 maturing July 1, $26,000
1982 and 1983, and $15,000 in
in 1967 to 1969, $27,000 in 1970
1984.
and 1971, $28,000 in 1972 and
Dated March 15, 1947. Denom¬
1973, and $29,000 in 1974 and ination $1,000. Principal and in¬
1975, as 1%S.
terest payable at the Guaranty
&
,
...
"
30,000
Parks,
Playgrounds
Recreation bonds.
and
For $5,000
maturing $1,000 July 1, 1951
•
■;
in
$5,000 July 1, 1949 to 1954.
45,000 iy2% water, sewer and
.
<
000 in 1960 and 1961, $23,000
1962 to 1964, $24,000 in
and
Due
;
par and accrued interest will be
1370—were awarded
considered. Dated March 1, 1947.
to
the
United
States National
offered for sale on March 19—v.
Due $25,000 from March 1, 1949
Bank of Portland, at a price of
165, p. 1507—were awarded to the
to 1958, inclusive.
Principal and
100.08, a net interest cost of about
Farmers and Merchants Bank, of
interest payable at any suitable
1.685%, on the bonds divided as
Arnett, as IV2S. These bonds are
bank or trust company designated
follows: $150,000 as lVfes, due $25,.due $1,000 in 1950 to 1954.
The
by the successful bidder. The city
000 from April 1, 1949 to 1954;
next highest bidder was E. M.
will furnish the printed and ex¬
the remaining $175,000 as
l%s,
Clohessy, for $3,000 l%s, and $2,ecuted bonds and the approving
due $25,000 from April 1, 1955 to
000 2s.
opinion of Dorsey, Colman, Bar¬
1961.
Interest payable A-O. The
ker, Scott & Barber, of Minne¬
Boise City, Okla. ] y
First National Bank of Portland,
apolis, both without cost to the
Bond Sale—The $25,000 town was the runner-up in the bidding.
purchaser, within 40 days after
'hall and fire station bonds offered
acceptance of bid. These bonds
PENNSYLVANIA
for ^ale on March 17—v. 165, p.
were voted on Feb. 30.
A $5,000
1507—Were awarded to the R. J.
Glassport School District, Pa.
certified
check, payable to the
Bond Sale—The $175,000 school
Edwards, Inc., of Oklahoma City,
City Treasurer, must accompany
^jat a net interest cost of 1.79%. bonds offered for sale on March the bid.
These: bonds are due $3,000 in 17—v. 165, p. 1370—were awarded
Mitchell, S. Dak.
to Blair & Co., Inc., and Phil¬
{1952 to 1958, and $4,000 in 1959.
U
V
■
,
Bond Election—The issuance of
lips, Schmertz & Robinson, of
r',,;
; j < Coweta, Okla.
Philadelphia,- jointly, as 2s, at a $350,000 water system bonds will
Bonds Offered—Bids were re¬
price of 100.906, a basis of about be submitted to the voters for
ceived Until March 18, for the
1.921%. Dated April4, 1947. De¬ consideration at an election sched¬
*
purchase of $35,000 water works nomination $1,000. These bonds uled for March 25, it is said.
'system bonds; Due $3,000 in 1950 are due $7,000 April 1, 1949 to
:
TENNESSEE
to >1959, and $5,000 in I960.
1973.
The
next highest bidder
works system
sealed
April 4, for the purchase
the
Rico,
$16,700
Offered—Bids were reuntil March 20,
by the
ceived
>
proceeds
Riddle, Ore.
Bonds
\
follows:
Bond Election—The issuance of
'
'
as
,
OKLAHOMA
'
1507—were sold
$150,000 hospital bonds, at a net
interest cost of 1.81%, as fol¬
lows: ;$84,000 maturing
$7,000 in 1951 to 1962, as iy£s,
and $66,000 maturing $7,000
in 1963 to 1971, and $3,000 in
1972, as 2s.
i
94,000 hospital bonds, at a net
interest cost of 1.83%, as, fol¬
lows: $52,000 maturing $4,000
in 1950 to 1962, as l^s, and
$42,000
maturing $4,000 in
1963 to 1971, and $6,000 in
bonds. For $97,000 ma¬
turing July 1, $19,000 in 1951
to 1953, $20,000 in 1954 and
1955, as 2%s, $244,000 matur¬
ing July 1, $20,000 in 1956,
$21,000 in 1957 to 1959, $22,-
Perry,
Mayor, has announced that he will
on
agree-'
Government of Puerto Rico.
Ponca
Trenton, Tenn.
Offering—I.
H.
and
Fomento
tem
*
Bond
$5,000 July 1,
Ingen & Co.
de
&
bonds,
iy2s. • Due $2,OOOr in
Puerto Rico, fiscal agent of the
1952, and $1,000 in 1953.
as ^
to
Bond Offering—Harry G. Ohm,
Clerk of the Board of Education,
transportation $50,000,000 electric
$7,000f
1061, $49,008 in 1962, $50,000
1963, $51,000 in 1964 and
1965, $52,000 in 1966, as'4%8,
; \ and $513,000
maturing Julv
h $53,000 in 1967, $54,000 in
1968, $55,000 in 1969, $56,000
in 1970, $57,000 in 1971, $58,000 in 1972, $59,000 in
1973, k
$60,000 in 1974, and $61,000
>
in 1975, as l3/4s.
580,000 Sanitary Sewerage Sys¬
in
or
Principal and inter¬
est
,
'
Bidders to name the rate
of interest in
>
been postponed from March 24 to April 1, 1947. Denom. $1,000. These
1
bonds are due $35,0Q0 April 1,1948
April 7.
/
to 1955, as 2%s, $11,000 ma¬
turing $1,000 July 1, 1956 to
1966, as IV2S, and $14,000 ma¬
turing July 1, $1,000 in 1967
to 1970, and $2,000 in 1971 to
1975, as l%s.
1,250,000 School bonds. For
$208,000
maturing
July
1,
$40,000 in 1951, $41,000 in
1952,
$42,000 in
1953 and
1954, $43,000 in 1955, as 23/4s,
$529,000
maturing July
1,
$44,000 in 1956, $45,000 in
1957, $40,000 in 1958 and 1959„
$47,008 in 1960, $48,008 in
Trust
Co.,
New
York.
Legality
approved by Chapman &
Cutler, of Chicago* and the At¬
be
to
torney-General of the State.
Bonds
Voted
—
school bonds were
at the election
The
*
$600,000
favorably voted
on March 11.
held
Bellaire, Texas
Bond
Offering—The City Sec¬
retary will receive
til 7:30 p.m. on
sealed bids un¬
March 31, for the
of $150,000 water and
These bonds are
due in 1948 to 1977. Part of the
$1,000,000 issue of bonds authq&^
ized at the election held on Jan.
purchase
sewer
25.
bonds.
w
i
Us
+ v
t
March
Brazoria, Tex.
>v •.
h
$50,000 water
works and sanitary sewer system
bonds offered for sale originally
on Sept. 24,
1946, and postponed,
%
ib
h: K
have
-
J'
fi
it
ii1
4?' 'tot"'
H'""
u
til
P;'
k-V
'
IP'*mi
i1 ?■
;Y!C
hp v,;,
$y
j; » ), ; "
The next
fied
check
Channelvieu) Independent School
li|k;
jH
District,
Texas
W*
til
:
10
on
a.m.
March. 31,
'
*=1
Y
A:Ji' hi
.
«iis-
5
t-f
amount
the
of
May 1, 1947. Interest rate
is not to exceed 4%, payable M-N.
Rate to be stated in multiples of
Ys of 1%.
Bidders are required
name
rates
at the
bid, is
v'Yy
:.v' quired.
Cisco,
■'
■i Yr
Dallas
Y?
+ "
Bond
Tosch,
ceive
Texas
„
rY
•
sealed
bids
until
Y:Y
$•
*'»>
r.S Vv";
&•
bonds
$V}':
Theobold,
County
will
V
an
11,
re¬
by
of $500,000
wide margin.
a
will
rates of interest
or
Ys
A.
re¬
a.m.
of
take
immediate
in
of
submission
to
the
voters
VIRGINIA
Danville, Va.
on
May 6.
WASHINGTON
for
y Tacoma, Wash.
Bond Sale—An issue of
$1,000,000 general obligation central li¬
brary building bonds offered for
sale on March 19, was awarded to
lY
yji
IY
West
End
■
v,-;,yy
1,500,000 Texas City Seawall and
«
iljy
Galveston
Seawall bonds.
a
Protective Works bonds,
y
2,500,000
bonds.
1,500,000
Road
and
;■+
,
court
and
t.
•1
$••
'
■f.ft:
'V-%
■r
!V
jail
.;| +'■•
>4" ' 7;'•
7
)+
cost
Harlingen Independent School
District, Texas
house
Sale—The
bonds
$75,000
offered
for
school
sale
of
1.6721%.
Dated
May 1,
1947 and due May 1, as follows:
$45,000 in 1949, $46,000 in 1950,
$47,000 in 1951 and 1952, $48,000
in 1953, $49,000 in 1954, $50,000
in 1955, $51,000 in 1956, $52,000
in 1957, $53,000 in 1958 and 1959,
$54,000. in 1960, $55,000 in 1961,
$56,000 in 1962, $57,000 in- 1963,
$58,000 in 1964, $59,000 in 1965,
1,000,000 county hospital bonds.
Bond
syndicate composed of the First
Corp., Smith, Barney &
Co., of New York, and the Pacific
Northwest Co., of Seattle, as 1.70s,
at a price of 100.32, a net interest
bonds.
+
on
Y)'.
•] P.
^ ?+
4 #V
and
$60,000 in 1966 and
1967.
Principal and interest (M-N) pay¬
able at the City Treasurer's of¬
fice, or at the fiscal agency of the
State
ity
t
in
New
approved
ft
Dawson
c
of
yield
issued
State
under
known
to
119,
March
Constitution
3,
be
1945.
sold
delivery.
expedite
terim
New
delivery
The
at
less
the
Delivery will
City. To
if desired in¬
will
be
Enclose
City.
&
The
Corp. and associates
the
from
Legal¬
by, Wood, King
bonds
0.80%
to
City.
priced
1.80%,
The
next
highest
Receives
Tax
financing picture have been* marked. In terms of dollar
recordings, the percentage of total financing accounted for
by
the
crease
horse
December
Type
of
•
:■
:
S.
&
Inc.
L.
% Chg.
:
1946
mortgagee
Inc., C. F. Childs &
barrel,
claimed
mated
tional
after
one
year, is esti¬
yield $280,000 in addi¬
to
revenue.
assns
$254
<
100.024,
1.6743%;
l3/4s,
net
a
i
!-.
,
at
a
I price
interest*
;
1
cost
.
„
Y
nium
to
raises,
finance
creased
and
to
10
in¬
1
tax, which is
mean
cents
half-cent
to
other
appropriations.
timated
pay
allocations
roads
Both the beer
about
teacher
increased
secondary
—
1945
35.7
+
70
30.4
32.9
475
232
cos....
Year
1946
+
94
5.3
4.5
4.4
2,685
4-146
27.7
25.8
19.4
+153
Y 3.9
+110
47
+
86
548
5.6
5.3
148
+
26
2,023
+
44
17.7
19.4
24.0
111
+ 92
1,258
+
91
13.3
12.1
11.7
$836
+ 59
$10,410
-f 85
100.0
100.0
100,0
-
Total—
Although each of the remaining classes of lenders increased their
relative share of financing
activity during the last 1.6 months, the
greatest gains were reported by commercial banks and mutual savings
banks, the former's proportion of the total
rising 8 points to 28% and
the latter's rising almost 2
points to 6%.
are
an
on
es¬
increase
the
and
case
bottle,
of
Consumer Credit
Outstanding in January
Consumer credit
outstanding at the end of January is estimated
at 9,790 million
dollars, representing a decline of 174 millions during
the month, according to an
announcement issued March 3 by the
Board of Governors of the Federal
Reserve System.
The reduction!
due
was
edness
principally to the
and
in
seasonal declines in
instalment
sale credit other
The advices continued:
automobile sales.
charge-account indebt¬
that arising from
than
-
(
cigarette levy specifically prohibit
municipalities from imposing sim¬
Instalment loans
outstanding increased by about 3% in January,
a
considerably smaller rise than in other recent months. At the end
of the month instalment
loans were
ilar taxes
higher than
per
and
the
on such
products.
Pending in the West Virginia
Supreme Court is a case involv¬
ing Wheeling's efforts to tax cig¬
arettes
cent
one
a
pack.
•
WISCONSIN
Beloit, Wis.
Y
school
Sale
—
The
'
$1,600,000
building bonds offered
accounts
on
for
at public auction on March
17—v. 165, p. 1244—were awarded
syndicate
composed
of
J. P. Morgan
Drexel
&
Co.,
of
Harris, Hall & Co., John Nuveen
of
&
Co.,
both
of
.
.
•
-
.
„
<
'(Short-term
consumer
credit.
In
CREDIT
millions
10%
and
were
OUTSTANDING
of
dollars.
Dec. 31, '46
—174
581
936
IIIIII
™.
Z_Z
2,492
ZZZZIT
2,107
♦Includes service credit not shown
—
a
flacludes repair
a
sharp dethree-
about
•'
9,790
Instalment sale credit;
Automobile
loans
than
2,758
separately.
and modernization
loans.
,
Figures estimated)
Jan. 31, *47
credit
tlnstalment loans
Charge accounts
more
Jan. 31 last year.
Increase
•Total
Horn-
blower & Weeks, of New
York,
•
receivable, which customarily show
CONSUMER
Single-payment
Chicago,
.
1
Other
Philadelphia,
billion dollars
one
;
sale credit outstanding
the
Co., Inc., both of New York,
>
January but continued
i11 January, decreased less than
fifths larger than
sale
a
■
.
Instalment credit
outstanding on automobile sales continued to
in
January, but at a somewhat less
rapid rate than during
the
preceding six months.
Other instalment
•
to
earlier.
increase
Charge
r
approximately
a year
s"S^tly as is usual in
50% above the year-ago level.
of
%-m
tr.
—
1946
$3,421
44
♦
expected to raise approximately
$6,000,000 during the next bien-
&
$666,
31
-f
% Chg. Dec.
from'45
vr
The beer and cigarette taxes
a
1946
Amt.
in¬
and
betting from 1% to
This last measure, which also
provides that uncashed winning
tickets revert to the State if un¬
tain Kennedy & Co., and Grande
Co., jointly, for $334,000 iy4s,
Others
receipts from
3%.
ac¬
was
the
State's
Bankers Trust Co.,
and
each
from
Amt. Dec. '45
,
cos.
Bks. .&
Percent of total
Year
Y
race
Co., Allison-Williams Co., F. Brit&
on
?
in Millions
Amounts
;
r
•i
to
John Nuveen & Co., Braun, Bosworth & Co.,
tax
14, the Bank further reporting:
more
Individuals
beer
100.135.
by savings and loan associations dropped from a peak of 37% in
August 1945 to 30%' in December 1946. Over the same interval,
individuals' share of total declined from
25% to 18%.
%
Y Y-
^
New
issued Feb.
Mut svgs. bks.__.
one-cent
a
equal
annual instalments.
highest bidder was Bell,
Gouinlock & Co., at a price of
March
follows;
as
30
The-next
total
volume of
cer¬
•;
>:
were
Bills—The Legislature has sent to
the Governor for approval bills
Bond
bidder
1,
Dated July 1,
debentures are due'
These
in the total
fur¬
a
1941
for
able to the State.
levy
in
Winnipeg,
price 100.287.
a
1947.
activity, in terms of number of mortgages, evidenced
slightly downward movement, suggesting that the rate of turnover
ownership of existing properties may have passhd its peak.^
"While the financing volume of every
type of mortgagee rose to
very high levels during 1946, the shifts which have bccurred since
V-J Day in the relative
participation of the various types of lenders
approving opinion
of Caldwell, Marshall, Trimble &
Mitchell, of New York, but will be
required to pay the fee for ap¬
Governor
at
Dated
Oct.
of¬
165,
H.Richardson & Sons,of
March
$60,000
March 15—v.
on
1508—were awarded to James
p.
on
The
debentures
in the
final
check
fered for sale
re¬
were
semi-annual,
Alta.
—
half of the year
The purchaser
will be furnished
purchasers
or
4%
195,7.
Sale
a
nished purchasers.
with
Vegreville,
Debenture
during the year represented
than 51 % from the preceding year and exceeded
by about the same margin.
In dollar volume, the
$10.4 billion of small mortgages recorded in 1946 represented an even
greater rise—85% from 1945 and 120% from 194L ,
'
"The trend in the level of real estate
financing activity did not
continue upward throughout 1946.' On the
contrary, during the latter
York
certificates
p.m.
$1,000.
increase of
the
required to pay accrued interest
in
i
ALBERTA
Driven by a serious
an
from Dec. 1, 1946. First coupon to
be cancelled. Purchasers will be
made
CANADA
"In terms of number of transactions, the estimated
2,475,000 nonfarm mortgages of $20,000 or less recorded
par
and accrued interest.
Accrued interest to be calculated
to date of
to
1948
7:30
Due
Loan Bank
au¬
than
be
on
March 8.
housing shortage, and further stimulated by
the liberal home loan provision of the Servicemen's Readjustment
Act, the volume of mortgage financing expanded sharply in 1946—
to the highest level in the history of the United States.
Responding
to the high level of prices, owners and speculators
undoubtedly added
to the volume while, on the purchase side, all too many
buyers were
in no position to be selective. These advices from the Federal Home
authority ; of
the
cannot
held
Mortgage Financing Rose in 1946
Enrolled House Bill No.
as
passed
bonds
1947.
■
Treasurer's
Bond Amendment and under
known
until
to
$50,000,000 State Road
as
$65r
favorably
bearing
rate; and
office, or at the National City
Bank, New York.
These bonds
cording to maturity.
.1'
York
New York
First Boston
/
re-offered
'•■I
1,
bonds bearing such rate. Principal
and
interest payable in lawful
are
in
Offered—Bids
Bonds
nomination
the highest price offered for
-
Boston
Drainage
Y,.;
house
pay
bonds
interest
the
was
election
bidder offer¬
to
at
the
at
,
.
due
are
ceived
consid¬
lowest
money
airport bonds
voted
21, by the City Clerk, for the
purchase of $16,000 not to exceed
2% local improvement bonds. De¬
The bonds
ing
on
V
y,-
$3,000,000
be
pack of cigarettes, double the tax
the
500,000:
,
will
the
Bonds Voted—An issue of
000
Medford, Wis.
/
more
bid.
the
Interest payable
WYOMING
Pere, Wisr
Smits, City
to
the election to be held
following bonds amounting to $9,-
,t»
rates
Not
the
500,000 street improvement bonds
'I
+Y
bonds
2% of the face
value of the bonds bid for,
pay¬
will be submitted to the voters at
of
rates.
1957.
Rawlins, Wyo.
'
receive sealed bids
until 5 p.m. on March 25, for the
purchase of $15,000 2% general
obligation coupon bonds.
These
Parts of the issue may
different
tified
ilitf
Ji\
y4 of 1%.
bear
to
t
will
Clerk,
in
$1,000 denominations, convertible
into fully registered bonds of $1,000 aiid $5,000 denominations. Due
$80,000 June 1, 1947 to 1971. Rate
of interest to be in a multiple of
proving the bonds.
Bond Election—An issue of $1,-
action
De
bonds
Coupon
1955
Bond Offering—I. A.
thority of an Act of the State
Legislature, 1945, Regular Session
Craver,
T.
Attorney,
.
}?.
that
March
1%. A cer¬
tified check for $1,040, payable to
the District, is required. Delivery
can be effected within 60 days.
Bond Election Planned—Charles
H.
'."i v *'
*u >.•
states
on
Offering—D.
rate
name
County (P. -O.
Galveton), Texas
■
"
V
,y
Superinten¬
(P. O. Route 7, Tyler),
multiples
Galveston
b/ Vt>'
4
Schools
held
10, 1947.
U "
J-D.
take
Voted—The
March 27, for the purchase of
$600,000
series
of
1947,
road
bonds. Dated April
'?*
payable
in
A-O.
,<
will
p.m.
Interest rate is not to exceed 4%,
to
:
1
(EST),
on
March 26, by Governor Clar¬
ence
W. Meadows, for the pur¬
chase of $2,000,000 road bonds.
sold
receive
April
2, for the purchase of $52,000
school house bonds, not exceeding
4% interest. Dated April 10, 1947.
Denomination $1,000. These bonds
are due April 10, as follows:
$2,000
in
1948
to
1957, $3,000 in
1958 to 1965, and $4,000 in 1966
and 1967.
Principal and interest
payable at the place designated
by the purchaser. Bidders must
is
until
000
Co., Chicago, jointly,
for l%s, at a price of 100.693, Y
Virginia (State of)
received
be
Superintendent,
it' ZY
if
be
will
-
Securities
Bond Offering—Sealed bids
one
on
>> -VV'"
West
VIRGINIA
any
sealed bids until 8 p.m. on
Z Y'.;Z
10
■
WEST
1949; $2
$1,000 in 1952-$2^'
000, 1953; $1,000, 1954, and
$2 000
bonds
These
and
1950,and 1951;
1, in 1948 to 1967.
The next highest bidder was Harriman Ripley & Co., Inc., First
Boston Corp., F. S. Moseley & Co.,
A. G. Becker & Co., and Channel*
payable
3%,
$1,000.
1948
i
due March
are
semi-annually.
three
*
nomination
rate
Interest
17.
exceed
in
Texas
YZ
Offering — Charles
County Auditor, will
to
than
■
of
March
on
not
ered
city, must accompany the
yy
-
Bond
County (P. O. Dallas),
■
sale
is
$800 certified check, payable
No. 2
tern revenue refunding and 3%
refunding, Series 1941 bonds.
i
March 31, for the
purchase of the $50,000 general
obligation bonds, that were sched¬
uled originally to be offered for
amendment
tenders until April 8, of the city's
3% water works and sewer sys-
vPv
which
bid
Smith County, Chapel Hill Consol¬
idated Rural High School District
re-
Invited—It
combination
or
their
sulted in the approval
Texas
Tenders
rate
bids until
sealed
$1,000 in
Bank, of Milwaukee, and Cruttenden & Co., of Chicago, as iy>s, at
a price of 100.731, a basis of about
1.424%. Dated March 1, 1947. De¬
on
and accrued interest.
par
the
dent
by Hal Lavery, City Sec¬
retary, that he will receive sealed
■11
the
with
Bonds
stated
J
Dated
>
school
Bond
J,
1972.
election
of the
,.+
on
Texas
000 in 1966 to 1971, and $3,000 in
.1972.
A certified check for 2%
:
.;;i
•
to
Dated
MA&•:
?v .r
May 1; $500 in 1948
1962, and $750 in 1963 to
Houstori 2, Tex., for the purchase
of
$50,000 school house bonds.
<
Y U'
?;
»
$25,000 revenue bonds. Due on
May 1, in 1949 to 1972.
15,000 general obligation bonds.
Due
receive
p.m.
March
Seguin Sch. Dist. (P. O, Seguin),
1, 1947. Denominations $1,000 and $500. These bonds
are due April L, as follows:
$500
in 1948 to 1959, $2,000 in 1960 and
1961, $3,000 in 1964 and 1965, $4,-
7:30
H. Young, for
the following
system bonds aggre¬
gating $40,000:
\
y
un¬
April
will
he
Co., of Chicago,
Exchange
National
Marine
the
Clerk, that
Carl W. Krueger, City
water works
bid.
office of Lewis & Knipp, 701-709
Citizens
State
Bank
Building,
■«.<t
&Y
Y's
by Mayor W.
the
purchase of
to
tees, will receive sealed bids
■fiti
31,
An
Bond Offering —J. H. Ponder,
Z Secretary of the Board of Trus¬
'■
&T-
be received until 7 p.m. on
nearest
•
y.
Bond
is
to
$1,000, payable to
the City, is required.
1 V*"'
|f ft '
Em¬
was
Pottshoro, Texas
Bond Offering—Sealed bids will
of
for
**+V»6
-H %>
erson,
highest bidder
Roche & Co.
*
t+ti+h'
»
Denomination $1,000. These bonds
are due April 1, in 1948 to
1962.
-
Bond Offering—J. W. Shotwell,
City Secretary, will receive sealed
bids until 8 p.m. on April 1, for
the purchase of $50,000 street im¬
provement bonds, to bear not ex¬
ceeding 3% interest. Dated May
1, 1947.
These bonds are due
May 1, as follows: $1,000 in 1948
to 1959, $2,000 in 1960, $3,000 in
1961 to 1963, $6,000 in 1964, and
$7,000 in 1965 to 1967. Principal
and interest payable at a place
designated by the purchaser. Bid¬
ders may name the rate or rates
of interest in multpiles of Ys of
1%. * Delivery will'be made to
the bank designated by the pur¬
chaser without cost to him, in
approximately 60 days. A certi-
'
-
Pancoast, of San Antonio, as 2^s,
at a price of 100.52, a basis of
about 1.932%. Dated April 1,1947.
-
^
Center, Texas
M
sw
sold.
,
It
■
been
165, p. 1371—were
Dewar, Robertson &
to
Monday March 24, '1947
William Blair &
Wenatchee, Wash. ..
Offering—It is stated by
17—v.
awarded
Bonds Sold—The
r!\ Y
CHRONICLE
THE COMMERCIAL & FINANCIAL
1644
rM,
+
—
+
v
Jan. 31,
'45
+3,363
+
346
31
+
344
61
+1,005
52
Y
decrease from-—
37
—296
+
or
+1,057
527
+
.
@FedFRASER