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ON DAY
19W
5
Tk *
Ftnamptat
JL HiAli\/lrlLi
Reg. U. S. Pat. Office
Volume
163
New York, N.
Number 4475
General
RAILROAD
Alabama Power Co.—Exchange Offer—
•v4
Merrill
Lynch,
to
manager
4.20%
new
holders
Pierce,
obtain
Fenner
acceptances
exchange
preferred stock of the
the
of
Beane
&
of
company
outstanding
company's
$7,
,J
i:
has been named dealerfor 300,000 shares of a
which is being offered to
and
$6
preferred
$5
•
stock
-
Holders
•
.<lf
the
in
plan
each
ciue.
•
,
The
-
less
change,
right
the
company reserves
than 300,000 shares
and will not consummate
to
the plan if
deposited,-^-V, 163, p. 1414.
are
refund
in
Corp.
Inc.,
and
270,000
U.
S.
sundry
with
value H:
principal
offers
shares
of
stock
common
capital
stock
and
Canadian
tax
investments in
common
credits
stock
totaling
and
$21,621,845
pany's
accrued
its
to
$2,185,838
"
;
,
of
ttlncludes
due
to
of
$9,184,362
$7,224,931,
for
claims
additional
for
prior
years
to
V;
the
y
tax
'
totaling
allowable
for
of
for
'
^
Chemical
&
issue of March
our
Prov.
;
CONSOLIDATED
INCOME
ACCOUNT
Report—The-
-1945
''
'
1
*'
"Gross
\
"1,'V
.«'
*l>
1944
'**
CALENDAR
,•-
/
Net income
>rW/
t$244,099
$209,471
$2,020,222
109,157 ///173,994
!ncome--^-w-W
38.534,060
27.823,953
income—2,677,396
Interest income
471,063
Dividend
.
?f:
—L—
dividends
2,705,870
426,720?
New York
Prov.
income.:
for
30,972,412
conting—
gen.
tFederal
__
income
taxes-
:
"
43,458,023
41,657,681
3,000,000
—
12,058,807
4,000,000
t$71,314
$138,230
$1,051,857
591,356
591,356
951,135
$0.30
Nil
$0.23
-
Common
dividends
Divs.
incl.
Balance
Shares
in
income-- Crl,123,134 Crl,123,l34 Crl, 123,134 Crl,310,323
surplus
com.
stock
-
out-;
standing
(no par)^
Earned per share
210,763,741 205,134,730
./••=
///"// y
200,394,250 194,655,163
/,. 2.214,099 V 2,214.099
2,214,099 .//-2f214,099
$8.54
'
$8.59
$9.24
v
all
tAfter credit of $623,207 due
ness
reduction of
to
and after postwar credit of
$645,072.
/,,
„
^v
f.W
J
Cash
U.
64,428,558
S.
Securities, at cost;
55,708,772 "'52,926,850
at cost——————-*/ 15,276,513
15,276,513
Accounts and notes receivable
t+25,464,865
18,948,866
Inventories
——
;
27,034,267
27,621,072
—
Deferred
charges
Patents,
processes,
Total
/ 1,757,188
etc.__-ii———21,305,943
goodwill,
y
1,616,931
.//J—-i-—- 520,599,994 505,340,022
————
U.
S. Government
Taxes
contract
8,078,249
advances——
accrued
Investments
General
Sundry
and
303,555
stock
reserves.
-
reserves———
_
reserves
reserves
reserves
Common
Capital
securities
contingencies
Insurance
etc.,
—r
stock
——————^
—
„—
520,599,994 505,340,022
*U.
with
S.
Government
principal
|
value
securities
of
include
$17,000,000
in
other U. S. Government securities had
Treasury
1945
a
and
tax
savings
$21,000,000
in
market value at Dec. 31,
notes,
1944;
1945,
606,433
—-
200,000
23,660
25,275
15,375,256
1—995,446
15,375,256
2,077',297
2,303,594
'
995,446
$19,636,143 $19,846,035
in
1944.
from
to
and depletion of $23,573,243 in 1945
and $23,tRepresented by 591,356 shares (no par).
§$5,648,reduction
surplus
in
of
stated
1931.—V,
value
162,
of
p.
capital
common
449..
depending
conditions; second,
stock
Unit
of
kind
a
for authorization
to
of
600,000 shares
Arranges Baik Loan-—
'/
•'
Y
bank
Municipal Bonds
I\
■
MUNICIPAL
cAllen
&
Eight banks, including the Chase National Bank of the City of New
York, the Manufacturers Trust Co. and Guaranty Tryst Co. of New
York
participated.
Other institutions were the National Bank of
the
Mercantile Commerce Bank & Trust Co.,
St. Louis;
Los Angeles; State Street Trust Co.,
Boston, and the
Bank, Fort Worth, Tex.
California Bank,
Continental
Included
fleet
.
and
company on March 19 filed with the SEC a registration stater
for 12,000 shares of $2.50 convertible
preferred stock (par $50)/
25,000 shares of common (par $1).
The common shares
are
,
The
principal underwriters
Lockheed
augment
American
Overseas'
present
Constellations
to Mr. Harris,
transocean aircraft,
presently on order.
The
also expects later delivery on other
t
,
;
-
General Manager of American Overseas
Vice-President and
'
Hayden, Miller & Co., Hawley, Shepard & Co. and Maynard H. Murch & Co,
are
equipment to
are
.
/
f '■ The
American Airlines System's purchase of. eight Boeing Strato/ cruisers, jthe peacetime version of the famous long-range
Boeing B-29
Superfortresses, was announced on March 204 by Harold R. Harris,
.
The balance will be added to working capital.
the
„\ Purchases Eight Boeing Stratocruisers—
being sold by certain stockholders.
;
/
:
The company will use the proceeds from sale of the
preferred stock
to redeem, at the aggregate redemption price of $105
plus dividends,
the 1,000 shares of 6% preferred stock and to
pay $85,000 of notes.
,
in
DC-4s
four-engined
/ The
mcnt
of
National
/.company, according
f Allianceware, Inc., Alliance, O.—Registers With SEC—
«/:?////:■: ELECTRONICS y/ ■./"-/::
/■/:':"/,// :':*/ RAILS,. /
Established 1922
80 BROAD STREET
TelevwAnftvpr 2-2600
These Stratocruisers will
York
London
and
'■/•'/Cost
of each
and
on
plane will
NEW
Bell
,/
be
other
used
Airlines.
in
non-stop flights between New
flights, Mr. Harris said.
excess of $1,300,000, or more than
transatlantic
be in
Members
YORK
4, N. Y.
Teletvve:
NY 1-57S
■
New
York
45 NASSAU
Telephone
Security
NEW YORK STOCKS, INC.
DIVERSIFIED
INVESTMENT FUND
;//"■//;''
INCORPORATED
.
;V-\
■'/.■•;?///:.■
Kobbe, Gearhart & Company
REctor 2-8600
fir /
industrials
DEPARTMENT
Company
R.
"y
1608
Detroit,
•
.>4
i
loan
Harold
SPECIALIST IN
is
upon
of pre¬
be
Overseas Airlines has arranged a
$10,000,000
for the purchase of new equipment, according to
Vice-President and General Manager, ;
largely
Harris,
-1608
——1—
April
mjm
FLORIDA & NEW JERSEY
stock
r /y;-
/ American
23,546,678 y
2,020,151"- 2,146,067
—
surplus
JTreasury
.
606,469
determined by the board; third, for a
split-up of the 1,290,568 outstanding cqmmon shares,
v
C. R. Smith, Chairman, also announced that the
company intended
to pay off a recently negotiated
interim" bank loan of $25,000,000 with
the proceeds of the financing.
498,450 ?
1,850,254
1,991,146
.—12,006,440
12,006,440
101,037,235 101,037,235
109,726,506 104,097,495
Dr25,837,300Dr25,837,300
y;—
—
—_—————y—
surplus
Further
« *18,656,777
-
—
45,935
100,159
y
reserves,
credited
ferred
18,051,482
26,701,725 y
234,706,646 211,166,688
40,000,000
40,000,000 >
^
obsolescence,
Depreciation,
$193,938
213,157
5-for-l
1608 /
Federal Reserve System
7,985,399
$284,815
■
—
stock
arising
market
Condition Statement of Member Banks of
payable and wages accrued
$19;636,143 $19,846,035
on March 20 approved for submission to stockholders
17
a
recapitalization
plan which will pvovide: First, for
of $80,000,000 this year through sale of debentures
and con¬
vertible
preferred stock in amounts and on terms
1607 0
;§■ Federal Reserve Banks
LIABILITIES—
Accounts
—
—_«
613,926
raising
g? Redemption Calls & Sinking Fund Notices.1608 /
Dividends Declared and Payable
1
1609
Foreign Exchange Rates—
10,128,709
629,902
* After depreciation
on
| The Course of Bank Clearings.
21,305,943
9,742,839
y'yThe directors
Listings on New York Stock Exchange
During 1945
——5^1618
60,594,780
Government
--W-
72,325
*
/
American Airlines, Inc.—^Plans to
Split-Up Common
Stock and Issue New Preferred
Shares and Debentures—
General Corporation and Investment News_1557
State and City Bond Offerings and Sales—1521
State and Municipal Financing in Feb.—1626
tMarketable securities,
1,§70.225
-——i—60,043
taxes
was
Miscellaneous Features
Property account —————-L—— 282,123,096 277,077,85?
Sundry? Investments L_.—27,500,792 529,971,218
189,877
<
V:
for
500
-;m.t
SHEET, DEC. 31
"i?y';•/::///1945::-.S-1944
•
payable
051,639
.—1588
—
intercompany indebted¬
CONSOLIDATED BALANCE
''•
1604
Transactions New York Curb Exchange—1588
Stock and Bond Averages—
——
Total
——1606
350.000
175,505
72,389
i.—A-
Capital
surplus
SSurplus
.
provision for depreciation, obsolescence, repairs and renewals,
State, local and capital stock taxes,
tlncludes excess profits tax.
deposits, etc.^
—
Section
4,802,022
t
—45oiooo
payable
tCapital
——1601
'i.
Markets
^
..a.—1,469.524
Miscellaneous
/^Transactions New York Stock Exchange—1588
"After
savings bonds—.—
compensation, etc., insurance-...Res. for conting.
arising out-of war conditions
1601
Toronto Stock Exchange
Toronto Stock Exchange—Curb
Over-the-Counter
$8.14
Wages
Montreal Stock Exchange.—
———-1604
Montreal Curb Exchange
—-.—1605
treasury stock,
on
not
1Q44
$1,843,447
in-
of
'.y—_
Accrued
1601
-
J After
advances, etc,^ —1
174,567
accounts
receivable, less reserves.—■ 196,701
and
Reserve
——1601
$514,716
31
4,589,416
war
LIABILITIES—
1600
—
$1.96
1945,
tDeficit.
.
DEC.
funds,
Accounts
,-1600
—
Philadelphia Stock Exchange
Pittsburgh Stock Exchange
St. Louis Stock Exchange—
;
and
•.Total
1599
—
Detroit Stock Exchange
Los Angeles Stock Exchange
J
224,048,335 218,419,324 213,678,843 210,153,856
14,407,728
14,407,728
14,407,728
16,809,016
„
1598
in
i945
Inventories
-
etc.
SHEET,
certificates
and
Miscellaneous investments,
"Property ____—-/
Deferred items
-
200,000
•
$2,310,805
notes,
Exchange..-—
,
32,870
822,511
,:
591,356
.
Exchange^—T.—i-1592
J Cleveland Stock Exchange.-
48,524,183
' 4,000,000
—
surplus
/Notes
Chicago Stock Exchange.——._1598
Cincinanti Stock Exchange
1599
2,996,100
375,726
"income —18,913,605
18,025,075
19,023,680
20,457,601
Previous surplus
205,134,730 200,394,248 194,655,163 189,696,255
Total
64,519;
••
$165,059
—
sh._—_
bonds,
Working
_-1598
$2,107,238
100,000
——
debtedness
Defense
(Bonds)-—--1-1589
Exchange
Boston Stock Exchange
45,152,357
Net
:
Stock
c
20,434,344 $24,066,583
20,632,606
Curb
Baltimore
1942
Stock
New York
,
Total
1,209
'
77,016
$302,749
•
Treasury
? y'
Pugfe
New York Stock Exchange (Stocks)—.-—y_1577
:
^
40,325,433
2,703.272
420,349
——
1943
v
93,278,
t$70,105
f
per com.
"1942
■
.
$244,983
/••
depreciation and depletion of $521,261
$800,687 in 1943, and $978,972 in 1942.
Cash ?
.-y'.y;? V'
y
15.—-
$10,814,711
8,784,489
1944,
freight, packages, discounts, allowances,
Stock and Bond Quotations
•
YEARS
l*
^
1943 ' '
$6,400,122
.
—..
in
/l.//;.y.;/''
FOR
1944
""Includes
ex-'
fin. In This
covering
6,190,651
opers.—
income
Common
shares/
6
5,160,379
$354,140
charges ——-y,//'
72,081
for Fed. inc. tax.
117,000
for contingencies
Prov.
$8,795,927, principally
prior years.—V.
163,
y
t
21, page 1513.
Feb.
$4,916,281
Income
-
remarks of H. F. Atherton, President, together with in¬
come account and balance sheet for 1945 were
published
in
SEC
withdrawn March
6,294,828
'.assets—
Corp.—Annual
Dye
the
was
$6,539,811
'
„
BALANCE
Allied
par)
1945
—v
expenses
credits
Gross
tax';,
if
exchange
less than 280,000
,
sales
Income
1
•
refunds
amortization
with
(no
:.-v•"'v
Years—
"Operating
com-
related
less
filed
stock
Alpha Portland Cement Co.—Earnings—
tGrcss
Profit from
1945,
statement
of commoh
1277.
'?'• Calendar
1
'
i
v
163.
y
•'./; ""Includes $2,573,648 on account of assessment of additional Federal
$
taxes for years prior to 1944 and
$1,959,431 representing additional
amortization
shares
P.
.
1944.
subsidiary company prior to
organization.
registration
257,840
V.
With-
carried
surplus consists of $88,104,661 in 1945 and $82,475,650 in
earned surplus
accrued to the company since
its organization
1944
The
of
on the New York Stock Exchange,
had
1945, of $26,924,313, and $19,732,625 in 1944.
shares of
MISCELLANEOUS
-
Earns,
deposited
are
Copy
a
AUied Stores Corp.
Registration Statement
drawn—/ •//':■.//;.
■
shares of
listed
stock consists of 187,189
in
bonds
1944.
150,500
*
.
reject all
preferred stock
old
of
'
„
Co.,
tax
$31,932,351
consisting of
INSURANCE
-
flFurther
<
on
and
Steel
SPostwar
.included
credit
dealers,
through
of exchange is consummated, the company proposes to
May 18, 1946, all of the shares of old preferred stock not
exchanged, on the basis of $115 for the $7 preferred stock and of $105
per share for the $6 and $5 preferred stocks, plus accrued dividends
redeem
cost.
are
of
or
Reduction
at
Is subject
1945
securities
States
'-^Treasury
are
dealer-manager
United
profits
excess
In
market value at Dec. 31,
a
the old preferred stock who desire to exchange their ?,
urged to deposit them at or before 3 p. m. on April 5, 1946
With the First National Bank, New York or First National Bank of
Birmingham,
The old share3 also may be deposited through the-
shares
$1,188,352
Air
stocks.
to pro rata allotment of amounts in ex¬
cess
of
25
shares deposited by
a
single stockholder, if more than /
300,000 old shares are deposited for exchange. ; A total of 355,376 :;
shares of the old preferred stocks is presently outstanding.
c
/
new
$37,515,846,
of
of
and holders of all three classes will receive cash dividend adjustments.
//' 'The
of
INDUSTRIAL
-
tMarketable
The exchange would be made on a share-for-share basis.
In addition,
holders of the $7 preferred will receive $10 in cash for each share,
*
Price 60 Cents
Corporation and Investment News
PUBLIC UTILITY
-
Y., Monday, March 25, 1946
/'
HUGH
PROSPECTUS ON REQUEST
W.
Dealers Association
STREET, NEW YORK 5
Philadelphia Telephone
Enterprise 6015
,
Bell f eletype
New Tort 1-570
LONG and COMPANY
INCORPORATED
48 WALL STREET
634 SO. SPRING ST.
NEW YORK 5
LOS ANGELES U
.
started in the Boeing plant at Seattle.
The Boeing Stratocruiser will cruise at 340 miles per . hour
the power of four Pratt & Whitney Wasp Major engines
tiss electric propellers.—V. 163, p. 1414.
1
ready has been
ft
under
and Cur-
Reserve
Other
•
including
merchandise sold,
Cost of
.
warehousing. & transportat'n exps,
3,496,858
212,082,181
!___!!_..•_
■
Woolen Bldg.,
mortgage on -Amer.
for
reserve-
cumulative
war
(400,000
N,
stock
Y.#
Total
940,000
9,000,000
$100)i_#- 35,000,000
(par
shares,
no.
l,
par)..!#-:# 2,000,000
21,289,942
11^239,187
«•
.1,012,500
8,000,000
35,000,000
2,000,000'
21,292,946
8,538,047
194I!*#-##'
104,337:041 119,097,649
•
•
*
„
contingencies-#--..#
preferred
stock
I.--#*
renegotiation!
(bef,
Capital
surplus
Earped' surplus since' January
''
233.541.5C9 227.630,084
#
sales
Total
...
3,047,021
32,289,430
3,610,898
*> 809,949
rCommon
•
1
827,926
Special
7%
•
v
their annual meeting April 23 will be asked to
approve an increase in the authorized common stock from 1,000,000
tc 2 000 000
shares.
There are 796,406 shares outstanding.
The company said it has
no present plans for issuing the ftddi-v
tional stock.
The action is being taken merely to have the stock avail¬
able if and when needed, it added.—V. 163, p. 1414.
stockholders at
3-»/a-%
■
'
J..*.-,
#/
(tradei...
payable
liabilities
for Fed.-inci> taxes
Reserve
I:/-,
'*:1945V#7#':- 1944 ' ;//• 1943 '••'/#■#*".'.""*
'
$ r J\: .:'i $
■ $r":
Sales—retail stores ___....#,!#;! 220,412,091 216,283,967.203,408,368
Sales—U. S. Government, etc.__„_
13,129,418
1.1,346,117
8,673.813
Capitalization
Co,—To Increase
American Brake Shoe
The
CALENDAR. YEARS
ACCOUNT. FOR
INCOME
CONSOLIDATED
Accrued
,
3,202,385
19,361,203
for renegotiation refunds after taxes#
*•" 700,000
current
llabilities_l._...,^._.„-i_L^._^..
- 776,398
Accounts-
chain
.
i
LIABELITIESr—
under the laws of the State of New York, operates
of 131 grocery and meat retail stores, of which 32' are
supermarkets.
It is the intention of the managemen i: as soon as
conditions warrant, to build a large modern warehouse. In the city ..
of Buffalo
to take care of the expanding needs of the operations
in that territory,
•!#/ / -■•*'
/" //#•■' # /
:/•*-■ "!"'
organized
ration
Flagship* Fleet. De-,
the first plane
$10,000,000 for the eight new additions to the
livery is expected in early 1947.
Construction of
Monday, March 25, 1946
COMMERCIAL, & FINANCIAL CHRONICLE
THE
1558
..
.-••
.1;
//#<•'
i,..-'
// ♦ After depreciation of $20,578,661 in 1945 and $19,358,669
163, p- 1151.
196,576,328'192,366,379 179,674,486,(
t
advertising, operating
#■ //>: '/;/
and administrative expenses...,,..# 28,852,559/ 27,62T,868
26,637,806.;
x,195,586 >. 1,250,435
*1,24 -.hadDepreciation
65,879
5,544
Amortiz. of emergency facilities. A-.
316,403*
49,17ft
58,972..:
3), 1 <7
Interest en bank loans, etc
1
Cr26,388
029,146 ,<
Cr- 1,245Income from investments, .etc..,,##
1.120,000
1,060,000
1,0*72,000'
Federal and State income taxes....:
3,400,000
1,715,000
Federal excess
3,493,000
profits tax.
1944',
in
»
Wages, rents,
Dividend
Investing Corp.—25-Cent
American Foreign
March',l4 declared a dividend of 25 cents per share
stock, par 10 cents, payable March 26 to holders of
The directors en
the
on
common
follows: March
21, an extra ot $2.20
2634.
#
.
Payments last year were as
13.
record March
Sept. 24 and Dec. r, 25 cents each: and Dec.
in'cash or stock, at holder's option.—V. 162, p.
22
Inc.—Secondary Of¬
Foreign Power Co.,
American &
-
Dividends
net per
'
/.
*
Inc.—Report—
Mart Building Co.,
ENDED NOV. 30
-rt##!#:#-##-;-.-#-
{Special credit
SUrplUS
"Total
surplus....
Earned
t
,^110.
other accounts receivable
(at. lower of cost
Faxon
unused
from
Hocking?
Anchor
,
1,472,146.
(prepaid
chgs.
216,634
$1761 923*
'
'
insurance,
common
April 3.
378,569
314,817
228,312
able
|y„ LIABILITIES—'
Notes payable 1 banks) $»&&&
Notes payaiHq
.—
tAfter reduction.of $36,000 resulting from extraordinary ,;
{Representing a reduction, in Federal; income taxes, for, the.
arising from unused excess profits credits -fof prior years.
current year
and
Federal
fReserve for
value,
payable April
Payments* last year were as
The earnings statement given in last week's "Chronicle"
k;lfi45 period is for 11 months ended Nov. 30 (and not for 12
3,088,181
635,917'
695,176
1,895,638
1947-52
343,758
676,200
contingencies
p.'1417.
for the
months) :
;
*
Co.—Stock Offered—Thorn-'
& Co.;, New York on March 19 offered at $2,375 per
share 125,000 shares of common stock (par value $1)4
These securities are offered as a speculation.... .
~ :
# PURPOSE—Company will receive net cash proceeds of $247,000 from *
Appleton Manufacturing
1,4-14,262
662,073'
758,486
stated:—V# 163;
as
Federal income & exc.
; profits taxes
Purchase obliga. due April 1,
Reserve for
534,528
taxes.,
State
declared a dividend of 30 cents per
par
#'
• s
$2,100,000 $3,100,000
$6,39-1',529 : 4.752,713 v;,; 5,128,896 • /
325,330
325.330
325,330
(bankiS)
Accounts payable and accrued'chgs.
payable
Accrued
April- l to
Common Div.
share
13 to holders of
follows: April 12, July 14
cents each; ana Dec, 31*. a year-end or 56 cencs,
the directors declared the usual quarterly dividend of
the $4- cumulative preferred stock no par yalue; pay¬
holders of record March 23.—V., 163, p. 774,. ,
stock,- no
Anderson-Prichard Oil Corp,—Correction—
$44,003,015 .$42,488,960; $42,697,825
of:
profits credits
15
13;
$1 per share on
taxes, etc.)
,
,Co.H^nc.—Output-—
Glass (Corp.—30-Cent
March 21
directors on
the
and Qet. 15,
.'On March
prior years,
charges.
14ft085
'The
$1,761,923'
excess
142~580
.
on
Deferred
$1,984,294
678,665
of this company for the week
kwh., a decrease of 7.4% un¬
der output of 90,484,000 kwh. for the corresponding week of 1945.—
V. 163, p. 1414
"
y
-#
*
' #
record
'
arising:
reduction
717,650
24,422,079
203,392
:
p." 1150.
Power output of the electric properties
ended March 16, 1946 totaled 83,809,100
.
114,660
Stores, Inc., at cost
.1
' sh fil
$0 18
per common .share-.-.,-.—Dividend
^Before
915,506
y
23,082,214
$4,553,576
.3,563,254.
income..^...
operating
163,
!
$ 463,063
20,094,113
982,875
market)
or
4,258,686
^American: Water Works & Electric
$4,565,661
680,921:/
.
10,753,077
7,038,232
12,222,466
#,.
1943
shares Danahy-
Mortgages, etc.
»Land, buildings, machinery, equip
$289
'$2 00r 736
'
surplus-
and loss
—v.
.$19,832,531
56,928
$21,034,728 $19,775,603
-
taxes
Net. income
•
-
-H92
1,761,924
.J.t'
Preferred dividends......
Profit
-
$2,214,370
fv-;-~-x,
•
Net
$1.31
/
$9;231,aJ9
....685,828
investment: in 2,548
,
31
1944
$7,420,816
ana
Inven.
DEC.
Operating revenues
Operating expenses.
Operating
"V 90:600
$452,446
N^eft' income
BreviOUS
969.317
>; 252,724
*468,300
131,000
fbr Federal income taxes__w.—
Frovl
Notes
'
$1,794,4-83)
123,138
Extraordinary/charges
,
-
receivable (due from U. S.
Government)
:'*"
1944
.V#* #/#' "'-/#/ # 0M5 income #*,—##-'-##.#./#-■2
$1,929,631
expenses (inch deprec.)
—1
1,016,746
deductions
Other
-V :/Accounts
s
//
$-1.49
$1.51
SHEET
1945
Cash
^
t' '■ -" ;■■■'£
Operating
Operating
;•
BALANCE
■
1
;
ACCOUNT, YEARS
INCOME
: 1,301,320
share)
per
■ ■ -
'
American Furniture
($1
1S46 >■ //"// 1945 /
■
Operating: revenues. ,^.##,1###^##!####$21,105,799
Uncollectible operating revenue.—■
71,071
1,831,590
1,709,084
1,301,320 % 1,301,320
1,975,192 %
:
March 19 made a - Earnings per share
$7 preferred stock
rCONSOLIDATED
share. Dealer's discount $1.75. f. ASSETS— 'fp "
fering—Tucker, Anthony & Co., on
secondary offering of 32,000 shares of
(no par) at $118 V2
—V. 163, p. 1414.
Net. income
■
Co.—Earnings—
American Telephone & Telegraph
Month of January—
Com. stock—no par value (1,400,000
NOV. 30, 1945 '
* *
•
\
.T
shares issued)
—19,374,156
19,374,156 19.374,156*
hand,, $709,682.: U. S. Treasury notes, .
surplus
: 16,781,442
16,107,570 15,577,300 V; (he sale of 125,000 shares of common stock after deduction of unaef$203,740; accounts receivable (less reserve of $20,0001, $58,084; land,
Earned
writing discounts and estimated expenses of $3,000.
In addition, the?
Br3,520,109 Br3,520,109 Dr3,520,109
building, equipment, etc. (after reserve for depreciation of $5,828,363),«
Treasury stock- -98,680 shares.
ttmpany will receive $2,500 from the sale of 50,000 common stock¬
$9,005,643;
investment in subsidiary oompany (capital stock, , par_
-v
■
■
■-■■■■■■
■
.
y/purchase warrants.
The total net proceeds .will-be added tart he.
$1,000), $1; deferred charges, $86,626; total, $10,063,776.
: ' '
Total
$44,003,015 $42,488,960 $42,697,825
company's working capital and will be used for increasing production,
LIABILITIES-r-rCufrent sinking fund requirements, $302,000;. accrued
»After reserve for depreciation of $9,974,012 in 1945 $1C 298 069
purchase1 of additional machinery and tooling, add the installation, of
interest on bonds;* $21,496; local taxes (after tax anticipation warrants, :; in: 1944 and $9,668,332
in 1943.> ' tAfter deducting U/S. Treasury«
1
11 ncftp
rtrmfltiffonf
CO-mripP" rflflH7n<l
SI/H h!l7!
lU -1 nnc rtPA j— «* r\ A .fAA A4 A AAA »•
4A . .
- I' .
7 !•"' h" an assembly line conveyor system.
of
$4,208), $169,959;* possible contingent service- refunds, $129,637.,
notes of $ii8a5.00ft in 1945, $3,010,000 in 1944 and $1,669,000 in 1943
CAPITALIZATION, GIVING EFFECT TO PRESENT OFFERING
- 1
accounts and accruals pdyable, $56;907; first mortgage 3V25 sinking*
—V.163, t>, 1022.
1
Z
fund
bonds maturing
1956, $2,646,000; unearned rentals, $175,292;,
;
:
.
t
'
1
,
.
"'/V'-k ■'* '
,
*
Authorized'
Common stock ($1 par)_^i
a!#*— e -500,000 s-hs# - 250,000 shs.$6 preferred stock (35,439 shares, no par), $3,543,900; common stock
, «
1
WnAiow
" T„.
k~
<$1 par), $362,480; capital surplus, $654,371; earned surplus, $2,ooi,-^ ; i
-.c HISTORY
AND BUSINESS—Company was incorporated in Illinois
736; treasury stock, (33 shares of common at nominal value), $1;
jPendleton; President, states in part:"
' ;
' ! Feb. 9, 1946, to acquire certain of the assets of Sh Illinois corporahon
total, $10,063,776.—V; 161, p. 874.
;
' '
.
(
. t
\ f
Pursuant to the provisions of the Renegotiation Act of 1942/ rene«- :; i of the same name which thereupon changed its name to Appleton
.
4
gotiation of the company's profits from war contracts for the year/ Holding Co.; The company issueu ;. to Appleton Homing Co; ,125,000
shares
of' common stock ($1 par), for assets having ' a value of
American Gas & Electlic Co. (& Subs.)—Earnings—■4/ 1944 resulted, in . a-net. refund .ta the Government of $1,372,993 for-;*
$130,494/ '"• ! '
;,.?//' y* •
■/■»/ '' .'#■*;
COMPARATIVE STATEMENT OF COMBINED INCOME „
n« A^nf
The
business
to
which
the
company
succeeded * was originally,-...*m.,
,n..yy, jvreseivve of $700,000 has been set up out of 1945 income, which, is con??
194G—Month—1945
1946—12 Mos.-rl945
sidered to be adequate to effect final settlement for renegotiation of k
Period End. Jam 31—
'
founded in" Appleton,. Wis., in 18vj.
some 30 years later it moved
8
8
.®
® 0,;
Government contracts. The difference between the 1944 reserve andf to Batavla, 111. In its early years the original company'manufactured
Subsidiaries Consoj.—:
16,462,589
Operating revenues
net reflind^ amounting to $627,007, is included in income for the year
a
widely diversified line of agricultural implements!
In the early
3,673,150 ^ 41,570,508
41,-/6,151
S milarly, an adjustment of Federal taxes following Govern-'
3,333,882
Operation
i;\l900's rhe original company bsgan to fpecialize in power driven-corn'
3,826,954
403,945
481,417
Maintenance,
/
if'oAR
ment audlt of 1943- tax returns amounting to $3,293,827 also has?' machinery, including the husker-shredder, sheller, picker, silo filler
14,205,14b
..been' credited- to 1945- income;./',.
••
!
.-f"y/-, :>*. //ky-y}/'"■ '*-/
13,876,214
1,199,637
1,107,712
Depreciation
and grinding mill and was a pioneer in this fiedd. - 'f y-J
8,700,725
696,430
1,445,562
Federal income -Saxes..
'•;*:
-' T"n2 30.; 1945 the d'rectors authorized an additional amount5
/
Durimg the period from 1926 through 1937, production was confined
842,185
1,577,535
Fed. excess profits t4x_^'445,586
Of: $1,000,000 from the profits of 1945 to be added to the special.
mainly to making and supplying repair parts ,iop, machine? already, in
10,490,907
10,477,424^ ; reserve ior waif contingencies. No addition wasVmade during the sec# :
905,515 "y 919,914
Other taxes
cperatioh.
During the period from 193'?' to 1944, .the four and six roll
T "TTTTm
~I onr,
°nd six months and the total-reserve amounted to' $9:000:000 as of;
husker-shredder and the four hole sheller were* redesigned from wood*
2,335,321* 37,183,902 - 25,577,339 yDec. 31, 19-45
•
,
h- and steel to all steel, i In this period approximately 75 of, the new3,128,496
Operating income
21,364
298,185
318,8,42
The reduction in the volume of. sales was not due to insufficient
'y'r 12,638
Other income
steel machines were produced and marketed/ During the war, because
rion
otderS- because, throughout the year, there was a strong demand fork of governmental restrictions, the predecessor company's operation was
-3,141,136
Gross income
y—
limited to manufacturing as many
repair parts as governmental re¬
•2,aaa'coa "• A
the much as-. thefabrics, but wasabsorb; Th's/failure inability to produce
company's niarket...jvould attr'butable to its was ma:niV.due to600,589
6,959,394 y,7,216,682
as
571,226
Interest on funded debt
strictions would, permit* and completing a limited number of experi¬
/
Amort, of electric plant
mental models.
Production of the husker-shredder was inaugurated on
.10;i•'-•••' manpower shortage, absenteeism, and reduction In individual pro/
24,940
acquis.' adjusts.—...
hn in-line production basis during the last six months of 1945,
In
Aco
; '1 oIcaIo
: 377.10 >
ductivity of workers. The extent of the manpower shortage is shown
29,953
1,276.047
by the fact"that from the peak of 1941 when the company had 30 000
:f'40,526
Other int. and deducts,.
this period 1ft of the large size six roll machines were completed
.
,
.BALANCE SHEET,;
.
ASSETS—Cash in bank and on
.
.._._____„.___._i..
,
(bit
,
d»1dn
\
OrtO
s:
I
*
Outstanding*
•
AiRcncan Woolen Co., Inc^:—Annual Report-—Moses
~
•
,
1
•
_
^h9?4*-7' A\'
hft«°h2pn0^f
'
...
...
.
.
,co
o
.
"1
.
,
.
""
on
AO*
-
nc
,
Divs.
stocks...
pfd.
on
earned
Bal.
for
on
stocks
2,782,400
ft334,635
1,142,400
2.223,325
consol.
,
o
rnn
Ann
2,334,635
,2,782,400
Gas
Amer.
'
1
subsid.
from
Co.
1,142,400
2.223,3 25
(as above)
Elec.
3,626,795
13,011,12^
10,676,491
•/'■; Amei'ican Gas & Elec. Co
Undistrib.
net
income
Income of
-
income of
net
subsids.
1.615,225
3,373,421
1,252,400... 14,143,295
:,J 110,000
11,360895
2,223,3,25
,
common
Undist.
11,409.912
com.
stocks
Divs.
281,118
:
188,418
281,118
■;
net .income^
of.
Reserv.
00
consolidated:
Divs.
on
Divs.
on
Int.
on
Other
Gen.
Divs.
&
exps.,
'
deducts,
on
pfd.,
1,326,273
29,557
stOck__..v'.'
140,767
15,034.547
*
.
687,555
1,689,209
303.027
1,040,189
1.010,308
140,767
.-;
14,182,733
320,552
85.897*
4,717
83.441
20.763
taxes...
.
,
3,821 .y
2,297,595
28.577'
r.et
misc.
income
Federal
61,878
4,418
surplus.......
taxes
and
Int.
98,076
61,678
income
Total,
11,360,895
8,173
;
-
596,632
earned
for
1,689,209
"*
War
1,065^34
2,014^044
.11,326,921
10,553,674
163, p. 1149.
other
from
sale
on
.
-'=
'
,
•
.
income;
>*
Sells
"
■
'
■' '
'
.
" -'
.
'*
,
;;*#■■
V;
-' / y.y'mSv-'hjr1;!'.
.i'J V-1".
383,587
(net)
years
;
i
244,139
President,
P*>h.. 28.
.
.
.
,
;
.
Federal-,, income
taxes
contingencies
v«
25,386,970' 36,016^680
before
17.900,000
!/#';'
v
reserves#
in
the period
1945 to 1952'.,
the .close of the year 1945 negotiations, were completed
with
the. i majority stockholders
of Danahy-Faxpnk Stores, Inc. of
Buffalo, N. Y., whereby 32; 143 shares of common stock out of a total
of 38,000
shares outstanding were acouired as of Jan, 2, ^1946, at
Towards
price of $45 per shore.
stockholders;
representing
a
of
the
this
letter
outstanding
UNDERWRITING—Company
dated
ment
./Chicago- 4,
entered
into
an
Feb. 23, 1946, with* Ray T. Haas
111.),, pursuant co which company
underwriting agree¬
(231 3. La Salle St.,/
agreed t-o sell .125,000
(Shares, of, common stock ($1 pari* at $2 per share: and* common stock
purchase warrants for 50,000 shares of common stock at 5 cents for
warrant.
On March 11; 1946, Mr. Haas assigned all his rights
/to purchase-125,000 shares of common stock and 25,000 common stock
.purchase- v/arrants to Thornton & Co., 60 Wall St.,- New York.
Mr.
Haas reserved the right to purchase 25,000 common stock purchase
:w&rrants;-.- : • •/.••••■ *
;,v;./.-''•-/'/#' // ;■
-v,'/ •; ..- ••; ,*,: ;#
2,000.000
7Q0.C00
2,310,898
4,330,306 •
4.815,562
;
refunds
years)##*# '
A similar offer was made to the minority
5,857
shares of common stock.
A5 «f
shares have been acquired, or 99.3 fe
37,760
stock.
The
Danahy-Faxon
Stores,
Inc.,
a
corpo-
Armstrong:. Cork
Co.—Annual Report—H'. W.
in. part:.
'Jr., President, states,
.
.
Prcntis,
a.104
rcoort for
mination : of war work and the
Sales volume and net earnings
479.347
,627,007
.....
1945 shows the effect of the-.- ter¬
sudden shift to peacetime business
both lower than, the- levels of
'1944. '
■
:../•■.*
:*'//' „:•/■'/
' /
::
V"
The net profit of $3,054,005 shown for 1945 is after, the payment of
$114,945 (net after taxest on, account of renegotiation applicable to
1944
earnings previously reported, as $4,218,998.
Had this payment)
been
made -in 1944 the net profit for that" year would have been
$4,104,053, and the profit for 194ft would stand at $3,168,950. Simi-;
larly, net income before taxes in each year—which is reported as
$5,907,546 (after certain adjustments) for. 1945. and $12,040,419 for
1944—-would have been
$6,022,491 and $11,040,419 respectively, had
the
renegotiation refund for 1944 been reflected in the operating
RESULTS—Company's
3,293.827
„
(1944)-^„__..^
were
■
-
^#^#!.
Net, income
•Preferred
Earned
#-.##:
dividends paid
per
preferred
CONSOLIDATED
•'
■
i-*.#!###*' 7
share#
BALANCE SHEET,
1
5.294.909
4,200,000
$23.72
$15.13
DECEMBER 31
'y'.-/
'.**/.
'
8(301,140
5,600,000
###
ASSETS—
1945
.
!
in
hanks
and
on*
States
United
'Equity
in -net
assets
/'Fixed
Other
assets,
of
consolidated)
(not
assets
(net)
and deferred
Textile
Realty
-
1944
$
- §
hand^^.-.—23,925,698
obligations^ (CQst)—
5,100,000
Accounts receivable—trade,
(less rseerves)
11,594,565
Inventories
1
J 37,701,063
Other
current
assets
1,636,029
Cash
—
of
J.
i
-
Federal Income taxes, (Prior
Renegotiation
25.540,00Q,
1.000.000
;
adjustments.!!-###.
reserve,
1.350,220
1,406.664
#„_!#_
Renegotiation,, refunds
Income
•
date
4-7,903
;
-_!._#!'!#..,1__
War
.
.
the
y'
Crl68,412
Dr57,183
reserve ..additions
before
Reductions
stated in part:'
'
t "
At the year 1 end 1,964
retail stores were In operation, a jdecrsase
of 56 units during the year. The number of self-service supermarkets,
.however, was increased by 11.
r •
•
- Settlements of renegotiable government contracts has not been ef¬
fected for the years 1944 and 19491 It is not expected that any refunds
•will be
required in respect of these periods.
In April 1945, the meat packing plant of The Nuckrolls Packing Co.
of Pueblo, Colo,,, was purchased to supplement the production of the
company's meat packing operation at Lincoln, Neb.
In' connection
("with this transaction non-interest, bearing purchase money obligations
were
issued to the seller,
payable in equal annual instalments over
Park,
William
prior
118,138
35,416,772
231,419
/
assets..
•*
American Stores Co.—Annual Report—
•
fixed
of
9t689
24,918,594
(net)...
sources
claims
refund
tax
State
''*
1
operations.!...
from
Income
.Additions to reserves:,
American Radiator - Standard Sanitary Corp.
"New Rochelle, N. Y., Plant— ■■
-V/
?;:/#'
See United States Plywood Corp. below.^-V, 163, p. 1414.''/
*
expense#/#'^!
'emergency*
■Profit
/each
,
■
,
.
} Denrec'ation
.
,*
Ho
com.
.(, stock;
-V.
,
*
Loss
Bal.
and sold.
;
The conipany conducts. its operations in a building leased from-.
Appleton-Holding Co., containing 30,000 square feet.
Company's lease
is for one year commencing Feb. 9, 1946, at a rental of $5,100 for
the year, with a right of renewal on the part of the company from
815 as compared with $1,-576.200 in 1944.
It is probable that' capital'
year to year for four additional years, at a yearly rental of $5,400
expenditures* will: be substantially higher for .the next several years
#for*the* second1 year, $5,700 for the thirdyear, $6,000for- the fourth,
because many types of new machinery^ and
equioment; which kcould! ?
year and $6,300 for the fifth year.
not be procured during: the war are becoming a-vala'tble;; thus enabling
COMMON STOCK PURCHASE WARRANTS—At the time the comthe
comnany. to
make g-eplacements and imnrovemeqts to keen the :
pony acouired certain assets of, the predecessor* company in considers*;
P'11'' f"»y modernized to meet the competition thari is certain.
lion of the issuance by the company of 125,000 shares of its common
follow* the- reconversion period.
y#
stock, thb company/ also sold to the predecessor company at 5 cents
Per
warrant, common stock purchase warrants for the purchase of
-STATEMENT- OFyiCONSCLtDATEri INCOME FOR CALENDAR YEARS
itt'.'vv 1 t>a
STATEMENT OF CONSOLIDATED TNr<mvr«» vriu
50,000 shares of common stock; at the following prices per share of
'
'
'
1945
1944
common! stock: $5, from July 1, 1947 to June 30,
1948, inch;. $6, from
July 1, 1948 tp.;J.UhBv30. ;l94ft*■ jncl.;,;$ft from July 1,. .1949 to June
y Sales,- less
returns;'/allowances and d'scounts. 162.679.722 183,009.426
20, 1950, incl.
,
'
" '
Cost
of 'sales, exclusive of deprec'ation.i_/_y 133,180.017 143,605.842
•: ■'<
The company has also..agreed to sell to the underwrite at 8 cents
Selling, general- and administrative expenses!. :-,* 3,621,581
3,868,675
per
warrant, common stock purchase warrants for the purchase of
Addit. 1944 labor costs-under 1945 War Labor y/ - '
j
; ;
50,000 shares of common stock on the same terms. #y,k/.;!!#
/:
'*:
Boarddirectives
867 841
*
10,676„491
387,701
741,004 y
748,754
: 52,171
• .
* 35,151
110,000.
8T73
stk$—;
common
preferred stks/y;
bonds & advs.
been a reduct:on of 9.000, or 30'/# bringing the
there has
employees,
ppmber of employees to 21,000 on Dec. 31, 1945.
1
;i The company has had no occasmn to borrow money from its banks;':
during the year, the last loan, having been- oaid off in March 1943.
CaDital expenditures for new machinery and equipment were $1,603,-:
.
23,872,636
7,600,000
15,823,200
44,653,003
693,063
Co;
8,929
:
.#
charges—
12,713
22,861.224
22,745,222
1,509,533
3,697,813
taxes.
mon
after
—
—
104,337,041 119,097,649
for
before
and 4.2% on the capital employed.
Earning#pef share of com¬
stock, based, on income* from domestic opeYgtions only—and
deducting preferred. dividends~*-were $1.94 as hgainst $2.84 re¬
ported in
fund
Total
and
income
year
Provisions for federal income and excess profits
Pennsylvania income taxes are 48% of the 1945 net
taxes and: 93%
of the profit remaining after such
Earnings-for-#945 represent a return of 2.8% ,on sales for thq
for that year.
results
taxes
for
1944
($2.02 and $2.76 respectively if the
results for that year).
1944 is reflected in
renegotiation re¬
1
Volume
K
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4475
163
v Combined
to
operating profit '(excluding exchange losses) of all for¬
eign' "subsidiaries was $3315,757 in. 1945, compared With* $48,113 in
1944.
The significance of this operating profit, is qualified by the
reduction in the value of current assets, in the amount of
$240,126,;
<pf the foreign subsidiaries, resulting principally frojn the; recent de¬
valuation
'■■•■S
of
the
French franc-.
tensive
RECAPITALIZATION—Stockholders / on
Sept.
5,
he
to
severed
enter, the.
an-offices-
now
connections
with
all
of
his
ex-,
number
a
of
y
v
•,
•>
-
March 11
oh
March
30
declared
adopted
..
STATEMENT
.
FOR
40
' ;
:
cents
Income:
■.tfc
Cash
40 cents.-
,,
per
'
,
SIX
MONTHS ENDED DEC.
31,
of security Profits and,
Losses)
(Exclusive
on
5 V
1945
dividends,
Interest
$13,879
bonds
593
Total
.
Expenses
.
.
of
•
Atlas Corp.—Annual Report-
,
dividend
a
to
Oct,-1, 35 cents; and Dec. 29,
to,
-j.
directors
payable
stockholders of record March 18.
This
distribution will be made out of investment
Income and profits realized.
Payments in 1945 were as follows: March
30, 35 cents; June 30 $1;
:
corporate purposes
.
Axe-Hougliton Fund B, Inc.—40-Cent Dividend—
'".The
share,
corporations,
the articles of incorporation, which broadened the
"•
The
indicated asset value of the common stock of
of the company; authorized 250,000 shares of new
company
at
Dec.* 31, 1945, was approximately $34.14 per share. "
no par preferred, stock;; increased the number of authorized shares of
The asset value
at Dec
common stock from 1,624,693 to 2.000.QOQ; And authorized ther-edemfw
31, 1944, was approximately,r$21.98-per share," The increase
;in asset value, during
/tlon and retirement on Dec. 15, 1945, of all the 4% cumulative con¬
the year 1945 was after dividend payments
of $2,166,651 oto which : $1,031,1337 was
vertible preferred stock then outstanding.
Previously,. on Aug. 25, the
paid on the outstanding precompan v'had * filed with the SEC a registration statement covering 'theV £V-'-$err«d.'.-'bhM-*fc. • fthd
Wa% paid on the outstanding common
yx
r
v.^,.
SjO)Ck.
•
!'
proposed issuance of 1$1,522 shares of new no par preferred stock.
'[ '
y)"'; " • ,iV* ."V*' v
' ''\
»'
r
•
/
When the registration statement became effective on Sept.,, 13, these
The following are comparative statistics for
years ended Dec. 3.1:
amendments
1559
r
Navy department.
director of
or
,,
1945,
-
business interest
Bard-is
Mr.
when
1941,
including: American Shipbuilding Co., Eversharp, Inc.; Magazine Re¬
peating Razor Co., Fitzsimons & Conned Dredge & Dock Co., and
Science, Research, Inq.—V. 163, p. 1152.
/, ■•
'-'77
r.
•.
February,
K.
„
,
shares- on
;/v7
ri'
which
dividend
the
offered to the
stockholders at
rate
had
at
set
been
$3.75
'vV-Vi'/'"'.H'^.!:«'
annum?
per
1945v'
3944
1943
.
•>'
1-942-
,
^
Net income for the period
profit from sale
of; securities
Previous
surplus
-
Net
•
shares to com-;;'/ Com, stock asset-value ,$34.14 7/7 $21.98
V/-tl'$19.Ql / $1-2.56 I.-'
a-price- of-: $1-02.75 per share, and 52,994 shares
Pfd.
stk. coverage—-;
734%'/// 4Q3%/,/V 370-%
275%'
'77 to holders of
the then outstanding shares of the old-.preferred stock
.Total divs. paid_„/_
$2,166,051
$2,190,251
$2,236,475
$2,298,201
,-*/ on the basis of exchange outlined to the prospectus submitted to ah
// Preferred—per/ sh>v i"//,, 3,00
•J*
+•
3.00 Si;// 3.00, '
3.00
RO OQA
ohoVPR
J
'
*
stockholders; The purpose of' the issue was to retire the 52,994: shares;
.50
Common;—per sb.r.
,50
.50
-50
of 4% cumulative convertible preferred stock and to raise additional
Cross income — int.,
eapitglv- funds- to
enable
the - company )to, maintain . and ' further
diys., .etc.
;
2,344,531
2,697,575
* 3,402,310 1,394,794
strengthen its position in the todustri.es in which it is engaged.
Expenses :_
*•-•789,972
were
mon
?
«*
'
company's
•
•_
stockholders—108,528
l
i.u„
n
As
result
of
this
^Profit
program,- the
refinancing
capital structure of
the company on Dec/ 1.5, 1.945, consisted of 250,000 shares of $3.75
Cumulative preferred stock, of which 161,522. have, been issued and
are
outstanding, and 2,000,000* shares of common stock, ,of which
1,410,865 are outstanding.
Company has no funded debt or bank
loans.
Dividend requirements per year on the new preferred stock
outstanding amount to $605,707 as against $211,976 on the former
a
-
Issue—an
increase
of
$393,731.
The refinancing
Net
"value
Surplus
■y,
alter
BUSINESS—Total-net.,sales. Of $108,820,097
Sales
of
the
company's
%nne from that
f
floor
,
the
of tde
regular
showed
products
change
little
of
one
previous yem-m&a--though the- business
wage
'
increases)
against
the
rigid
relief
no
23,502,965
.
,
appiec.
P.^pi^
-aaam- f;t
■'•6'(j98-414
-
'
f
•
Common stock
;
ceiling.of selling prices on finished
obtained, except for 'an
542,195
in
thft
744710
-
1945
tial
reserved
2,364,393
2,408,960
on
31, 4945 repre*
depreciation of
During this period the net realized losses,
-demption,
flmnnntpd
in
ftl
nift
Vei®n business—after all-taxes—rose
1945,
eult
All
from $48,113 in
ferred
■
1ft4
Thp
The
bal-
war-born
problems,
$5,500,000
stock.
.......
share
P^r
?,
-
paicf
k
»•
t
...
,-{income,
of
-
outstanding
prefened
stock
is
,
redemption
on
of
100,000
;
.
~
....
104.*".
,1945
Income—Dividends-
'
$2,149,976.
'193,088*
-----
Interest'
2
Miscellaneous
CONSOLIDATED INCOME, STATEMENT FOR CALENDAR YEARS
IQAA'
1944
$2,541,6L6
151,759
4,200
Net
Jot
Selling
$
1
sales
•Cost
sales
and
expenses
Federal
12,300,676'111,545,661
.
«
Net
-
•_
Profit
from operations
income
Other
290,836
income
$2,344,531
'
$2,697,575
789,972
income
23,000
'
)
329,986
realised
lurities
sale of- securities
•
$1,826,994
.
Total
;
income
6,747,584
12,259,118
36,725
——————
Interest expense ki
;3Net toss oh disposal of eap. assets ^ other inv.
.
74,352
-
'
'
.'Miscellaneous
'
-
chief
807,481
-;
to
current
inventories
"
:
'
-
,
>
income
excess
—
5,907,546
.J,2,04Q,,419
2,101,118
2,057,957
836,139
and
5,486.703
res.,
profit from domestic
.Preferred dividends
Common
w"
,
common
£
i
APPRECIATION
DEC.
31,
lor
•>»"
total
.
;
1
f
,
t
•;
'
4J.- S>v
^
,1945
€*$)* i% banJis'and on.hand—V. S. Gov. aeoVtiea gt tower of cost or
market
rr"""*—"
IF, E,: Treasury Savings notes at cost. ' ■
M'"
1
'
;
,•
?CCIBei1 weMK*
24,021.328
Common
.
j.,,:,
226,463
.
;;
,For
-
$3.75
;7'
wage
cum-
4%. cum."
Faid-to
earners'* unemployment
^
stock
preferred
(1,410,865
surplus
Earned surplus
;
-
(16r,522 shares)^ '
stock:__——
J
;
p.
:
?
713
-
50
of
ye
%-•*.'
About
$27,000,000
current
sleeping
■'kainh'
w
Arn
140
'
11435,800
-
243
-
based
respect
206-249
P
,
a
n-
n
?Sei?v!rs^
Bai-d-
seryed
c
'
as ,a
'
the
i
to
/"•;;.
'/;/
,,,
"
/ /
director of the corporation fromOct.-8,
Wldia^Dan^Sel^^'^f^de^^W^niam6!)
Salle St., CMoaga
as
135 S.
second-class matter
V
February 25, 1942,
^ OTE
the
on
operating
souib-
and
s
,
;:-.v-
Corp,—Further Exp^nsipn—
it
announces
.
has
acquired,
control
of
the
Central
a.
purchase
Iron
Works
with
the
Paxton
—
%/ill
shortly be announced.
-
V",
'
-
•>'
CONSOLIDATED INCOME STATEMENT FQR CALENDAR YEARS.
V • *
•
/-''*• */,C•
*M>45i •
-tlS44
"
v
.
.or
management's; valuation of assets..
investment
acquired
at
/'Sales: (less:, renegotiation,
returns
and;
allpw-i
inception
of
eh Get: 31,
—Reduction in
-
•
OiYidend Voted-^
.
The rpreferred and common stockholders on March 19
-rRuction in th.e rate of diyidvnd on the preferred stock'
.
In lieu
of
-
which
it
will
TV- 16?,
.
J'
,
..
/
Other income.^——
existing
the
;
67,103
$648,741
505,553
*7-/Net jh'0(« from :ope£ationf-
2,409,527
$8. 0,132
tmases"
..•
$3,125,376
(9,840
....
Se,1"1Bl S5W"'*n<1
,
approved a
to 4%
from
$274,579
23.0577
- :
.
demption price of $110 a share the redemptidd. figure, will
redeemed,'.on. .Aug. 1,;-19.48.,. with g graduated.s reduqUou
each year to Aug, 1, 195.1, after
P- 1418. ;.
/. ; -.
Gross; profit—-V2-
■///:
.
$4,725,200
-3, <85.237
/
be $110
be
o|*
a
re->
'
$1 a
share/
$352,1,64-
23,9.72
26,9,88
$30/551
$379,153
6.°58
/interest
7,149
77,933
61.448
operations.
deductions.
Miscellaneous
f
;
■
$115/.Gross uvcome-^v
.
1934,
,
:
.
-
Payments
last,year
were as follow:?; March 30; Jund^30-and,Pet- 1.
.18 cents eacht and ,Dee- 29, 75 cents.—V. 163, p. 306.
m
V
- • ./
.
offices:
lines
west
..
.
lExcess
tax.
profits
4.060
54,600)
5,519
243,101
122,2o2)
.
;
'
,,
services
car
western
in
capital of $552,742,
To adequately carry put and provide for th-r
corporation's further expansion, the board of directors 1ms under
advisement plans for additions capital requirement/details of which
,
'
A^e-HQUghtau Fund, Iuc.-^18-Cent Distribution— •
/•/. The directors on March il declared a dividend of 1$ cents per
♦/shave, payable March 30. jt-o stockholders of record March 18. This ./
aistribufcion 'wdl be made out of investment income, and profits realized.
+
1
^ssisten^ -Secretary-., and Undersecretary .of
^ a ditectoi, increasing the board from six
-
tli
Mr-
r«m
rie-
ziAim\aTiT^lhe report for the-year;ende<i Dee;
'♦SWTdS
15 114 748
'
'
..
on '
w,u.rf^ c*
-
oi'
con¬
but
'
r lif-W-Sa^S in pRn...
..
■
-r
'". During the year 1.945 the company offered for subscription to, it;
' Siockholcjere 166,063 shares resulting in an addition to its- worktoU
24 321375
'
2 1291Q4
i
apnuto/Vt'ffeotiydj Augvjl, J.946,
383'324
.r—1X1-—•t7V:-'*$77,lI7>355 $67,434,^13 5;
Fmihinn»n*
made
income,
car
iP-royision. for Federal normal tax and surtax-^
(Thftl
one-third
were
annual
ances)
—
of sales, inch deprec. of :$79,840^_—market quotations ojr,
ip the. absence thereof///Depreciation
aopraisale %ithe boald, of directors as of that
date.—V/163, p. 1022.
'
*
; "y'
"S
"«'''••? c
i
•:
8123 465
26
-
/
qompajay^rodgh-'pfiasftlidAttoa. jda^ Jjecame -effdettare'
-
' t
-
—//V-/:/"18!507'599 ' llMi'obH
r',, F7
v*.
v
'
:'"°a
2266.
the
,
hv;<
//;"-•
6 298 400
10 000 000
L_—___V T 24'461
Ll_—.•JL—
162,
r/v'h
'
/*"
Tbta-l
n:;.'
250,000
-250,000 ,;< -750 GD0
750-000.'
780000
* 16 596 3«5
shares)..
*
d.
.
?Excess;.;over*cost of market
e,
1936,-.,are
r
..r "•*
NOTErr-Costs. with
626.449.;...
S.'Sj'ffiaSSJfeAtkg-
benefits
pretorred-stock
conv.
Common
,7
..
For postwar contingencies.-—;
V
;
replacement cost of inventories—
„
'k
1,696,627-/1,658'5D6
-
excesa
of
Rolling Mill;
which had been established in 1869 by the M?Comkk estate.
The plant of the Central, 3^on & Steto
CmvOomtpies 80, acres of toad
the Susquehanna River at
Harrlsburg, Pa., along the tracks of. the
p "—' *
"*
'*
'
* •*
PeMlsylvania RR. Co.
/r--/
-■/■ -*.-
$90,490,598 $69,624,518
*~ -**•' *
V6Deficit.• 'A"v'''
1
"
,
Rd.e- to, fpreigU: subsidtor-tos
:;;H 232,336.
Provision for- state too.. tax: apd other
taxes. // 401,453
'/■
prov. f<^ Fed. torn--and exc.
prof, taxes (net)
! Hartford-Empire
;Ce.'; settlement accouat---i_ -*^
625 291 '
:.v.; Reserves: .;■;>;./-v.V;:.v:''■'*>"/V",7/■
7,7
For
charges
a
on
»,!S:SS nM
ipar;;$&toc.s^i=c»ir/r-;_i:£i;-_^._«i-11.133
Capital surplus —i/////——_
23 608
$4,2-13.000
i
■■■—
^S.ClB.SSS1,718,555
stock
,,
$3,051,635
,
:
interest
sufficiency
by the. s^me court with modimaturities "of different bond
■
AmtV reserved for/premium to which
preferred
./ fe ehtitled,,uimd;-redem-ptton-^
(
/
*
the
soiidation of- the-Central
-
s/ric.uuu
.
316,000
■■
^
39
withheld from "pay tolls
16,260,704
LIABILITIES—'
_
LIABILITIES—
Accounts payable/rZ
r
3,564,808
3,564,80$/.
-
*
taxes
;
f
2-7,855,189
'
sor
——. -—
$90,490,598 $69,624,518
2,Q90,'
-
361,520 V / 390,241
-
ffe 82,449
12,347i32I
i
23,789,897
(net)
12,005,830
159,93$
si
56.546.291
Total
and
' '.
.
.
'
JSL, i l An-<l.
fd fPtelgn subsidliacma (neti
AvSlO/lOI;4,172,902
i«^Lr?ves,tHXe.nts ^ su«dry assets—' 1;431,070
2,1,11,609
P^eperty, plant and
(net)
1-0,000.000
..:
——————
Tat at"
.
*
'
holdings
Invest.-jn majori,ty-o$'ned syV.cos—
Others assets,
—
■
2.999,386
2,513,603.
Gqvi.t
Treasury oertificates ofi todebtedness^^/
accts.: receiy. and tot, accrued_-^i-
Divs.-an^.
?:
/ Portfolio
,1944
$5,692,062" $9,134,195
15,756,550758,859
"
Accrued exp.
'
.
fading steel, plate producer Qf. Hnrrisbusg.
Pa.,
o,f the holdings of the Vapce McCormick interThis gives Barium Steel control
of producing and manufacturcomp&nies with plants in
Harrijsburg, Pa.-,; Cleveland, Ohio, CanOhio, - Duluth, Minn., Detroit, : Mich/Eiie, Pa.,
Syracuse, N. Y.,
Pottstown, Pa., and Toronto, Canada. . •,
...%/• tc ,
1
f/ ;f Originally known $s .tke Central.
Iron Works, which was formed tn
\ 1853,
the Central Iron, & steel Co. was organized to 1897
by the cor-
336,757
"*
equipment, at cost
and rentals on-leased mach.
Goodwill, trade-marks
- .;.
-
.
SUBSIDIARIES
on-
decree
a
.thai)'bee^'\n«g6iiatto-g'-;for-'.-sojaie• w&K'*
the
WWMt-'Mwm* recoverable.' cost's
WWPPiy'.-:-'
annual
HI
...
Steel, pp.,
-
•
of
upon
corporation,
Gov, contract term.1 claims & rec. (less
adv. rec.)
.
eannaiked
1418.;■ C*■
,
...
?-•
& 0. which would connect with trains of
between Chicago,; St.
Louis, and other points
"west.—V. 163, p.
^
-
plan.
20, postpones
running from 20 to
periods
Barium,
vt'
-.J-ASSETg—
beard
Approved—
B.
1945
,—w——-4^.-—
*
*"
the
.
,v
NET UNREALIZED
share
FOREIGN
$20,089,662-.
concerning the establishment of additional
sleeping
from
Combined pet profit (excl. exch. losses).
.
the
'Mr.
-
operations.
dividends^-——
Earned per
,
of
'through bedroom-roomette
,
acceleration of amprt, Of emergency facilities
Net
of
of
service d«iiv between
Washihg"ton Jgad-Ckicagoon-ite^^all-Pullman ^'Capital Limited^ * for
.cohneotioh
with the Santa Fe's "Chief" operating between Xhicago And Los
Angeles. - r
/
;. 3.
,
276,761
tax.
Fennsylvani$ income tax
Refund - applicable * tp- prior
•
,
"
surtax
supple^
White, President, on March 20, announced that this
company
would join the Santa Fe in the establishment of the
transcontinental
Passenaei service betw
passenger service between Washington and Los
Angeles that will begin
operation on March 31, Effective that
day the B. & O. will inaugurate
-
;;,r..
j
H
-
141,284
tax
profits
1-
'
provision tqf t$xes-r^—
normal
'
UUi
v
.
EARNED SURPLUS DEC/21,* 1945
;
;
Balance at Bee. 31, T944 (deficit),'$508,649*"balance of income for
at
'1944'(deficit)"," $508,649;" balance
the year, $4,804,404; total
Sto'P.tos, $4,295,755; dividend paid on 6%
preferred stock ($3 per Share) including:$75,060 accrued' dividend oh
/shares.redeemed during the year,, $1,031,133;
diyidencU-.-on •cpmmon
stock, $1,135,51$: earned surplus" at' Dec, 31/1945,'
$2,129,104.
Ml
u
the
Roy B.
,
(
*
,
of
•
are made ftihy Wmulative]
V. 163, p. 1418.
To Establish Coa$t-to-CpR&t Service With Santa F&--
...n.....
;
:
250,000
Profikmefore
Federal
/Federal
;
<
368,998
.
*
«.
,.
,
involuntarily
Involuntarily
liquidated
,
.,
' ;
.
ficiencies in any year
;
12,500
,
and prior years,
of
of
*2,187,023
Hi:::
basis
unsecured
opponent
issues
0 Net profit for period - $4,804,404 $2,829,787
$570,312 *$1,686,811
7......
»Loss.
iuLiufJii $l,^^f -wiLji'"1',kui^jai'
tIncludes j..J 7/tu
nia!nv^ii-AwnD'! ciihcMc
#itti-e^rWhi^riiyWned,/subsid8
114,945
facRi,-.,
JB ties, applicable
Re$. for replace,
Re*, for replace,
^
ZIII"
the
on
$25,333,917.
Appropi-iations f-or the capisinking fund, amounted to $3,553,498 and
.
The debt adjustment
plan,; approved
aications last November
$587,311
,
and
available
company's
was
Jh
—
,
$2,377,732
4,002,793--*i;60l,420
400,000
.
payment
1945
the
Presiding: Judge Morris .A. Soper- declared
'-charges..'made by Mr.
•Phillips against certain officials of the raihoad were
"entirely ground •
less and -without foundation in
fact.''J The judge, said -Mr.
Phillips'
;motion for taking additional
testimony on the question of the "good
•faith" of the railroad in
filing its. petition had also been dismissed.
>-v ^
.
deductions',.^,
Net renegotiation settlement for
year 1944
Accelerated amortization of.
emergency'
.......
Prqv. for contingencies^-
.52.262/'A,W35.704
-
for
U
that
signed
plan.
the
-13,672,845
charges,
first
...
ailUOiUl€6Ci
remaining-income,
for
on
basis of average-costs
Frov. for Fed. inc. taxes
;—
S-
oil
bonds,
$10
J
u
^ The decree was signed following a stormy session fn which the court
rebuked Randolph
-Phillips-, New York -financial consultant, who* was
-
:
.
in¬
of
A
tingent
ion-5:-
-
appreciation
306.
p.
special three-Judge .Federal Court, on March
13
giving final approval to the road's debt
adjustment
•
$1,394,794
929,579
95,000
>
68,864
$1,531,559
-3—s,
income
$3,402,311
891t717 "
'
Net
6,456,748' 11,929,132
-
'
lOiio
1942
•
440,000
Expenses.
*
.
•
/?
Debt Adjustment Plan
'
■
Total
124,566,258
90,062,672 101,091,465
administrative
pre-
'
§
•
108.f
108.820,097
L
1944
net
163,
6% bonds series C;
Southwestern Divkton 5%
on
■
fixed
payment of
steel
dividends
-
'
'
proviT
secured contingent, interest
and $4,023,317
contingent Interest.
Of the remaining bal¬
ance
of $10,927,036,
oiie-half, or $5,463,518,Was appropriated to the
surplus income sinking
lund, leaving $5,463,518 available for other
corporate purposes,cu
jpr
$2,763,291; $1,185,835
204,81.6
196,087
2,932 v ■/ ^ 4,143'
:
'
1,467
Est. net income of
•
'
of
.
io47
1943
:
'
1945'
$643;
mortgage
41
,
indentures,
the
$5,139,308
rer
"
(Including Investment Company Subsidiaries')
'
'
•
(Including
(including domestic subsidiaries)
shares
bond
.
and0the general
$1,740,757,- respectively, •
stock
upon
-
,
-
t
preferred
entitled
after
mental
based'on
...
,
_
,
INCOME ACCOUNT FOR CALENDAR YEARS
I
,...
.
p""*n~es.
appropriated $9,162,626 from 1945
toon May
1, next, contingent-interest on the
distribution will pay ail interest accrued
to
^refunding .and general
5V«
bonds; $15.
* ~n
tlvnaia
•
/with
foreign subsidiaries- contributed to the favorable re
achieved' despite the tact that
they continue ta be faced with
many
......
which
to
pay
vpo>•
*
1944 to $336 757 in
the
of
.
to
Lv f l?h tf pSL
Y.■*, '^ ^-/President.
,
1936, for securities then j
to subsequent purchases.
*
■>
*
"
as
premium
•(Includes
sub¬
s«o-
$917,349.
accrued
<P«r $5), $120,liO; capital surplus,
$917,349.—V.
mortgage
n
purpose;
'FOREIGN BUSINESS—Aggregate net
sales
volume
of
the
t tne
sidiaries operating abroad amounted to
$5,216,524 as contrasted
$4,450,458 in 1944—an increase of 17%.
Operating .profit
on^thfsmr-
'<
..
additional $5
for
total,
and
.
2,287,16Q
appraised values at Oct. 31,
costs
on
irj tlncludes
,
have just been opened, it is believed unlikely that any substan
substanrefund-'should be required. Hence no reserve is being established
for- that
•"
.
owned, and
Jersey
was made contingent under the adjustmentplan
approved by the Court. •:< ..<
;
:
Payments, per..$1,000 bond will be
made May
1 rs follows: $-K) bk
refundlng-i and general-mortgage 5%
bonds, series A, D and F;:. $4S
(
appraised
_
market prices or
of
'recently
*
inrnmp■ anc.nuntK'
....
purposes in 1944, as required under the Renegotiation Act, resulted in
the company's being required to refund
$1,000,000 gross or $114,945
.net (after taxes).
Although renegotiation proceedings with respect to
^
which
honds.^-J -The
'vpee. 41, 1945, which
•
1,793,076
7477*7
711
»The unrealized, appreciation of $39,206,249 at Dec.
an increase of $54,874,897
oyer
the unrealized
wprA
with
nn* nonw*
747
2,226,62$
'$15,668,648 at Jan." 1, l94l.
&s!iwh1r»h
total,
Banh
BaltimQT^ & Ohio RR.—To Pay
Contingent Interest—
?'
:>.coipe
47 574,019':
63,935,748
1,004,0-0
047711
dents
has yet been
$297,951;
company s
m«i«
r
69,267,379
*
----v;--*;--
tinlt
1845
unrealized
vestments,
$497,76:
Maixh
,89.480,841
•*:" retirmf.
of stock
•
1
1945
Ju>
oi
i
of the
27,793,476
:
31,
First Natlonrl
$117;
payable
I4T7 So.-XeS' !833: c,aPttal stock
.
$14.09'!
Dec.
investments,' as amexed at market
dividends receivehto find' interest ac"1
puedj $4,0124 deferred charges,
0!>.
J-
unreal,
adversely ^affected by government restrictions en
of its major mw matestoto-i-Uhseed oil,, Operating;.toar-
V;|> products, from which
23,812,726
1
.
9,704,403 Drd,500,207
Jojaf
gins for the company as a whole were reduced by the lower volume- of
sales mid by the pressure of mounting costs
(including retroactive
.
apyieciat.
$56,363;
•^'•f?i!SS! Sfft906^ $886,858;
\".M- iV.
r
"1945^1-__„__________
del,ostt with the
custodian,
LIABILITIES—Accounts
fij'-
25,137,347
31,
and earned surplus,
BALANCE SHEET, DEC. 31,
n^FSr~Cf*Sll
N. j.K
29,280,750
apprec.
•
Dec.*
Tot^i capital surplus
■pity,
/
,—
surplus,
v
570,312 Drl.686,810
^rec; afc " ®^"1
39,206,249
15,114,748
divisipn tyas
use
'*
•'
par
5ear
vol-
in
2/829,787
declared
Earned
^ .
807,481
/- r„_—2 12.4,537,245.. 130,329,905. _t.3Q,728,38Q.
(excl. of net
depreci),
M?%( 01'
*
929.579
taxes,
at
unrealized:
or .
*
*
1,002,793 Drl,807;419 Dr2,187,023
4.804,404-
inc.
pividends
....
3,672,845
etc.
Capital- stock
provided^ the^ company. v/
of the fiom»
; pany and its domestic subsidiaries in 1945 were about
13% below, the
;
record-breaking level of $124,566,258 attained in 1944. This decline is
due largely to the fact that billings of the munitions division dropped
from $38,920,978 in 1944 to $25,206,648 in 1945—approximately 35%.
'
1
**
sale oLsec,
on
-Unrealized
DOMESTIC
v.
.
'
801,717
'"It.
.
,J-
"
_
Total
°ffico) Wllllada R./ I>ana^ComPany' ^blishors, 25, Fark Place, New York
at the post offtoo at -Now York:
Affi®rioa'. Spain,
«-
Mexteo and
x
;
' Net inebme transferred
Earnings
■^Tho
per
acquisition,
pany
common,
earnings
was
are
of
to
included.
$54 223
$45,444
$006
*
SO. 05
Nut .Cq. since Junq 21 1,945 dqte of
Operations of G-tobe Fosse, ia/, wciich com¬
acquired on Dec.
8, N. T-| REctori2-9570.
surplus.
share—
Erie Bpl.t,-&
14,
19-45, were ojniri.ed.
Th«>:o would
Herbert D. Seibert, Editor "4 nd' Futh).ishw
^
<?vba;7$
per
yea^;
Great
Britain,
ConUtLental Europe
(except
Spain),
be made in. New
Asia, Anstradia and
Yorit funds*
Africa.
$31.05
year-
be
THE COMMERCIAL & FINANCIAL CHRONICLE
1560
the
in
change
material
no
profit
had been included for the
company
th£ end of the year.
J Operations
Included from Aug. 30, f1944, date
Prior
of Clyde Iron Works Inc., are
of acquisition.
Sales and the
YY'Y/
ASSETS—
tracts
—!——
profits tax refund
excess
credits
Y.
—,
—
'
employees
former
improvements,maand other
leasehold
bldgs.,
tLand,
.<
charges
Deferred
Total
Notes
Note
payable to bank
payable to other for
payable (trade)
Accrued payrolls
Federal income and
Capital stock (par $1)———^
Capital surplus
Earned surplus (deficit)
Y'l
'
p Bowser,
V.
.1
1152.
.
''
/;
This
1945
corporation
be
purchased
has
from
at
increased
factured
Corp.—Official Promoted—
the
Market--
Medium-Priced High-Volume Plane
■ v .-.
p,;Y.r
.
1946
*' *
Operating
fective
Indiana
for
** }
<
pO V-
'
1,371,397
operating Income-'.—.
$2,006,840
1,560,870
Net income
P. 1022.
until
Benguet Consolidated Mining
»
the
♦After
deducting all
wells
138,601
7
Manufacturing Co. (&
1945
'
$4,290,613
'<
389,263 shares.—V. 163,
March
that
y
Y 181,368
'Z
1944
$4,033,611
7 234,197
Yi/T or'
'
Subs.)^fearns.
1943
$4,273,648
261,095
$0.67
':'}1942
Y
$4,703,845
p.
307.
.
Y
Y
■
Mr.
)
the
Schell
this
year
is
ahead
of
1945
corresponding
levels,
said.
Reconversion
to
in
1942.
3944
$6,839,084
223,153
••
$1.37
—
~
\
,
$7,069,080
346,538
■
$2.13
J
■>
U'
•
'
OCT.
SHEET
receivable, after
charges
$110,268
1,047,838
1,291,623
709,999
reserve—-..
profits tax.„
of life Insurance—w-w—
prepaid
Y
44,200
10,716
502,971
45,628
3,783
372,011
54,569
$3,051,912
$2,025,551
Y
expenses
730,721
—
—
—
and
Y
1944
$153,136
————-
Deferred
31
1945
"
-
Notes
*
peacetime
products
was
1945,'he
completed
before
the
,
——.
to bank
payable
end
$200,000
demand
on
Purchase money mtge.
I
■>
Accounts
Accrued
due within one year
payable —.i—j.—1—;
payrolls, commissions and bonuses,—
office
salaries
and
68,368
40,766
liabilities—6,693
80,559
and
withheld—
current
and
accrued
Res.
for
payable to bank due April 30, 1947
500,000
money mortgage
(not current)—15,587
Fed.
est.
taxes
income
on
—
payable (not current),
preferred stock (stated at $12.50 per sh.)
pfd. stock (par $50)
Common stock, (par 12 Vic)
Capital surplus
—-i———6%
1944 Y
—
1,020,418
908,730
989,341
877,230
1944
296,257
305,471
'and
373,063
402,575
593,310
Excess
excess
charges
prov.
Y.
———_
—
For
"1,230
income
$902,259
———
Y
Earnings per share__«
/
:
• ;
965,576
$0.82
,
CONSOLIDATED BALANCE SHEET, DEC. 31, 1945
~
and
State
tax
years
ended
Oct.
of
"The
p.
31,
1945,
1419.
Commercial
Y
of
Y
—-
;
$240,800
3779,400
111,160
514,600
$129,640
264,635
$264,800
,$0.11
*$117,737
264,635
Nil
shares.
common
1943
1944
1945
*$117,737
$0.63
provisions—
profit Y.—--
Number
264,635
$1.00
Earnings
For the 12 months ended Dec. 31, 1945, net. profit was $807,749 (in¬
cludes $826,000 estimated
refundable portion of Federal and State
Y Z
$645,489; marketable securities, at or below cost
$1,790,113), $1,754,378; U. S. Treasury tax notes (at
ASSETS—Cash,
(market value,
for
account
'
■>■■■.
Y
income
1943, see the March 11, 1946 issue
Financial Chronicle," page 1279.—V;' 163,
Net
$1,094,395
.875,565
$2,025,551
$3,051,912
comparative
and
Federal
•
Net
50,410
101,425
169,161
—383,945
; Quarters Ended Dec. 31
—
Profit before Federal taxes
Yen 12,219
Dividends paid
48,400
50,653
113,331
——
(A. M.) Byers Co.—-Earnings—
487,997 -VV-r 848,690
applic. to; prior years taxes—.
surplus
12,000
538,875
574,413
10,250
Total
437,881
423,820
——
U—
profits tax
558,437
506,796
20,025
—
convertible
$7,841,034
2,483,741
;Y
594,428
;
Purchase
2,363,500
expenses--—.——
208~791
76,695
accrued
Other
$7,765,731
75,303
63,935
operating expenses_Lr—
Federal
$5,136
663,860
36,896
Taxes
share
per
—
taxes paid in prior years arising from carry-back of "unused excess
profits tax credit" and net operating loss deduction for the fiscal year
1945), or $1.58 per common share, compared with $753,010, or $1.35
$1,159,000;
postwar refund of excess profits tax, $239,500;
accounts
receivable, $2,299,097;
materials and supplies, at cost or
cost),
per share for the 12 months ended Dec. 31. 1944.—V. 163, p.
(market value, $485,817),
property, plant and equipment (after reserve for deprecia¬
$20,326,911),
$12,177,935;
prepaid
expenses
and
deferred
189,
lower, $419,089; U. S. Govt, securities, at cost
$476,000;
of
Canadian Breweries Ltd,
'3 Months Ended Jan. 31—
,
-
(& Subs.)—-Earnings—
i
LIABILITIES—Note
$2,198,632
(maturing in 1946), $100,000;
accounts payable, $1,901,831; accrued wages, $80,932; accrued Federal
income and excess profits taxes, $912,517; other taxes accrued, $198,-:
869; note payable to bank (maturing 1947 to 19551), $850,000; reserve
for
fire
losses, $408,434; reserve for other contingencies, $70,000;
deferred
credits, $59,192; capital stock (1,094,456 shares, no par),
$8,755,648;
capital surplus, $3,141,009; earned - surplus,
$2,769,482;
total, $19,247,914.—V. 162, p. 2387.
'
,'.'s
payable
to
bank
'/
'
*'<• >r >
,,
'«{{
f,
( 'j
:
^
•/// Y ■/./Y
Y: Y; -
./•
from
Income
Non-operating
Y
operations—
$22,134
of
$51,230
expense-
1,746
1,669
cumulative income debentures-
11,416
76
18,886
1,866
$8,896
$28,810
funded
debt
readjustment
on
6%
on
past-due debenture
Net
$51,230
2,151
Total
Amort,
•
1944
$391,256
340,026
income
income for
year
interest
:
CONSOLIDATED BALANCE
./ASSETS—Cash,
$79,829;
SHEET,
DEC. 31,
1945
receivable
(tenants)
receivable
(other), $1,808; inventory, garage supplies, $1,999; property, plant and
equipment (after reserve for depreciation (sinking fund basis]
of
$737,933), $4,476,656; deferred charges, $28,733; cash in sinking funds
for retirement of 6% cumulative income debentures due Jan. 1, 1953,
$5,295; total, $4,*10,373.
(after
reserve
for
bad
accounts
debts
LIABILITIES—Accounts
of
and
$3,500),
payable
note
$16,052;
(trade),
accounts
$7,542;
other
$2,214,418
—
and
Provision
for
note
$2,840,934
interest-
50,438
depreciation
97,392
v
4
207,460
217,513
$1,956,520
Prov.
for Fed. inc.
taxes,
Net profits
—
$2,526,029
1,489,650
less refund. portion-
Net profits applicable to minority interests—
1,354,800
Y.
146,297
88,892
$1,024,93;
$377,978
———————
CONDENSED CONSOLIDATED BALANCE SHEET,
JAN. 31, 1946
ASSETS—Cash, $5,309,093; investments, $877,173; accounts and bill
less reserve for doubtful accounts, $1,523,314; inventories
$8,107,209; prepaid expenses, $685,759; refundable portion of exces
receivable,
profits taxes, $1,884,623; investments in shares of other brewing cos.
$1,056,466; deferred charges, $452,795; land, buildings and equipraen
(after reserves for depreciation of $6,008,719), $13,909,735; other in
$1,305,559; premium paid on purchase of subsidiary com
panies' shares, $3,128,982; total, $38,240,709.
Yy!,: ,^■•wy v-Y-YY-i/y
vestments,
LIABILITIES—Bank loans—secured, $2,500,000; accounts payable an<
accrued
liabilities,
$1,987,711;
Federal
income
taxes
(after
deductini
8. tax notes of $2,371,668), $3,352,213; funded debt, $10,951,335
inventory reserve, $332,968; minority interest in subsidiary, $1,734,693
U.
capital stock (1,735,791 common shares, no par), $11,040,103; capita
surplus, $1,724,571; distributable surplus, $4,617,114; total, $38,240,709
—V. 163, p. 1420.
> Y.-Y
,:;yYY-'Vy^YYZY.%/Y'v;Y.YYZ;Y...Y/•
Canadian Investment Fund,
31—
Years Ending Dec.
income—
Tctal
;
Ltd.—Earnings—
''1945
;
yZ
Y;Y.
;
1943
Y
$469,407
$497,513
$454,173
$454,643
27,298
25,256
$468,512
$426,876
$429,387
90,154
79,542
453,946
—————-..i/
Expenses
1944
$513,027
;
15,514
————
"443,146
2,506
426,751
15,234
-
'
$469,685
15,041
Jan.
Net
U.
S.
Z—
Income—
Canadian
and
——
''' Y'
Y
taxesu
income
paid and provided for---—.
29,001
.
1,
due
124,642
accounts
payable, $6,665; accrued taxes, $62,263; accrued interest on debentures,
due within
one
year,
$10,146; accrued interest on debentures, due
Jan. 1, 1953, $80,771; 6'■/<> cumulative income debentures, series A, due
Jan.
Total
Debenture
Z/;
1945
422,288
$19,983
Y
$2,716,292
15,786
income
Other
Y
$442,271
Operating revenue—
Operating expenses—
1946
1945
*
,
■
1953, $81,600; 6% cumulative income debentures, series B,
1, 1953, $87,500; deferred rental income, $9,448; 7% cumu¬
lative preferred stock, $2,740,000; common stock, (par value $10
each),
$1,400,000; surplus, $124,438; total, $4,610,373.—V. 159, p. 2515.
Buffalo Forge Co.—Registers With SEC—
and General Manager
on March 14 an¬
company would repay $450,000 of bank loans on
stated. -The recently issued ananual report reflects the
company's financial position after full payment of reconversion costs,
Mrv Schell added.—V. 163, p.^llS?.
v,-,.rr;
af
—,—,—
'
Net income (exclusive of profit or
loss from
Net
realized
of
sale
profit
filed a registration statement with the SEC
of its common stock proposed to be sold by
& Weeks are named as principal under¬
Dividends
Company on March 14
covering
60,000 shares
stockholders.
Hornblower
writers.
is engaged in the manufacture and sale of ventilating
heating and air-conditioning equipment, centrifugal pumps, machine
tools, sugar mill, coffee and rice machinery.
The registration state¬
ment shows that for the five years prior to the war, ventilating, heat¬
The company
.
.
sale
of
—.—
—'
paid
BALANCE SHEET,
Y
ASSETS—Investments
demand,
*
securities)—
from
securities
President
volume
per share
159, p. 635.-
surrender value
Fixed assets(net);
•
18.
Business
$Q.76
;
1945
'
>
and taxes-^——
Prior
Y
$7,383,236
—
(other than Federal income taxes)—!——.
,Y
(Sidney) Blumenthal & Co., Inc.—^Repays Loans—
nounced
324,881
:•
$2,834,882
and $248,448 in
1943
——
——
Cash
split the
$7,447,171
Interest
214,954
tEarns. per com. share'
$0.60
$0.55
♦After depreciation, Federal and foreign income taxes, etc.
tOn
493,949
$1.27
Schell,
in
of
-
,
Total
1945
—__Y
Interest
charges, including depletion, depreciation, cost
leaseholds, and provision for Fedfr^t income
profit
H.
$235,048
taxes
Inventories
Bulkley Building Co., Cleveland—Annual Report—
and
sales
H.
1944,
Y/f 324,881
$1.28
Z $2.89 Y
profits
excess
Postwar refund of excess
•Earnings—
„
revenue-
Federal income tax_.
•
1945
Y; 1944
$1,112,310 $1,144,628
v
1419.
Quar. Ended Dec. 31—
"Net
324,881
$2.24
and
income
in
188.
649,762
"
Federal
9 Months Ended Dec. 31—
Accounts
Y-y■ Y;Y:.;; '
*1 /11
'
expenses
Interest and other
•
.'1
:
Black & Decker
Net
per
Burry Biscuit Corp.—Balance Sheet Oct. 31-
CONSOLIDATED INCOME ACCOUNT FOR YEARS ENDED DEC. 31
——
p.
*354,829'
Note
Taxes
underwriter.—V. 163, p. 1023.
Years—
163,
735,549
$248,317
ASSETS— '
in the State of Delaware on
Other
amendment..
will be supplied by
profit
taxes.—V.
674,100
$398,^62
163, p.
—V.
split will not become ef¬
income
General
Co.—Registers Witti SEC
income
of Abandoned
9,837
$939,391 «
Earned
reconverted
; Y
"Y*
»
Maintenance
expense8_YY-w/ii-^-^-Y-r/-/4-Y<-r
'Depreciation/-I-_^YL-_^_YY^l.^-U--.Y-Y^^-Y^-;-
$1,323,380
885,402
Bishop Oil Co.—Earnings—
"Net
$713,408
110,261
"407,750
Earned
Total
■-
is named principal
'
,
—
Transportation
on
The offering price
/
income
Interest
privately at the cost price to Allen & Co. Purchase price to
$2.10 per share. .y Y 'Y YY- v-.Y -VY-./
Calendar
$1,542,162
314,543
taxes—
Net profit after charges
Stove Co.,
proposaL to
a
The
the amendment is registered
Transportation and other operating
March 15 filed a registration statement with the
SEC for 702,302 shares of capital stock, par value one peso, equivalent
in U. S. currency to 50 cents per share.
The shares are issued and
outstanding and are part of a total of 852,302 shares purchased by
Allen & Co., from five stockholders.
Of the 852,302 shares, 150,000
Gross
$4,518,746
Accounts
Y/ZY/Z/:, Y..Y
'
basis.
two-for-one
a
on
approved
Buckeye Pipe Line Co. (& Subs.)-
Y
t
^
stock
March 19
on
Years Ended Dec, SI—*
1
.
$1,527,442
14,720
$703,571
22,910
,
"2,905,256 >
Net sales
the aid of parts manu¬
plants with
.
$9,747,119
6,057,511
2,366,228
—i——-'.
Co.
$4,495,837
$4,801,066
Cash
Anderson
the
cash
-
7,924
—
taxes
&
1942; vY
,
839,793
CONSOLIDATED' BALANCE
April 15.-T-V. 163, P. 1153,
YyY-': .;Y.: YYY-Y-
$9,755,043
$10,805,632
—.—^—Y—,——7,427,395
expenses
Allen
.
$1,543,364
Burgess Battery Co.—Earnings—
both of Anderson, Ind., John T.
Production of kitchen gas ranges
//charges, $77,426; total, $19,247,914.
8,818
revenue-
revenues
Operating
sold
Y,
1,077,520
"3,032,400
&
$2,721,059
—V.
Trust. Co.,
!' ' 'V'
stockholders
common
1945./'
v
$10,814,450
Operating revenues
Uncollectible operating
Allen was
1943
$2,604,961
shares—
1945,
Briggs & Stratton Corp.—Stock Split Approved-rThe
•;;v
of Pennsylvania—Earnings—
Month of January—
were
1944
' ;
LIABILITIES—
•
-
tion
company
-
1,095,922
charges—
share
Operating Corp.—Transfer Agent—
Manufacturers
*
YyYYY^Y:;"
Bell Telephone Co.
The
p,s ~
$4,754,407
income——'a—_
"Includes
New York, N. Y., has been appointed
transfer agent for the regular common stock.
corporation into the medium-priced, high-volume mar¬
and executive-type planes was announced on March
20.
The company, it is expected, will soon release detailed informa¬
tion on a new type all-metal, four-place single-engine plane of which
four models have already been turned out by hand and are undergo¬
ing tests at Wichita, Kans.
The new plane, known as "Model 35,"
places the company in position to expand peacetime production and
supplements production <of the D18, a twin-engine, 6- to 10-place
craft in the $60,000 price class, and the G17, a single-engine biplane
in the $30,000 price class.
Price of the Model 35 will be in a range
that will enable Beech
to compete favorably with other major pro¬
ducers of medium-priced aircraft,
the announcement said.
Approxi¬
mately 500 of the Model 35 Beeehcrafts have been sold on a "sight
unseen, specifications unknown" basis with substantial cash deposits
on
each airplane. YVYY
V/.;.:..v,iv;Yv pp.. • .p/pY '~Y
It is believed by corporation officials that the maximum possible
output of the Model 35 Beechcraft for 1946 will be purchased on a
firm order
basis within
a
short time - after specifications are re¬
leased.
These specifications, it was stated, are being withheld un¬
til guaranteed figures can be established.
i.^YiYvYpp;-.
pp.- YP '
"Prior to
the war, the company devoted its production largely to;;
private and executive type plants of the more expensive class.
In
now broadening
its field with the Model 35 the company has placed
itself In position to expand production and sales and to utilize more
of the facilities and workers employed in wartime production.
Beech
now employs
some 4,200 workers.
/Y?/p/PSYPYYYPY
John
P.
Gaty, Vice-President
and General Manager, said that
Beech anticipates no
difficulty in financing continued development
of the peacetime program, of which the new plane just announced
is an example.
The largest distributor organization in Beech's his¬
tory is being built up, both in the United States and abroad, to supply
present lines. Mr. Gaty said.—V. 163, p. 1153. p
—V. 163,
?
$5,591,759
46,660
Earnings
/Y^'Y/'Y'
Yp'/Y Pp. [■■■ '
New Jersey, which have, been
plate production.—V, 161. p. 1764.
armor
The
of this
Assist¬
Y Entry of this
ket for private
Net
''
f
1,554,142
——.
No. of common
-
Operating
an
February
profit ——Y< $1,454,123
Net
,
statement with
registration
in Breeze plants in
Brierfield
ant Production Manager,
Y;
month
of
' 'YYYY- rY':
'Y'/Y
$6,308,548
'
—
Depreciation
YPYY 1944 Y
Inc.—Acquisitions—
Inc., and Foundry Service. Inc.,
Mascuch, President,
announced.
will
1945
:_Y—
profit —i_
Income
Y ;
for the qualification of 200,000
preferred Stock with stock purchase warrants, the
Breeze Corporations,
Dr723,541
each
month
—
—V.. 163, p. 647.
r-Y-Y;. Yi YY---^V —^- ■' YYY/YYYY'Y/Y'Y
830,319
shown
the
(& Subs.)—Earnings—
Other income
Net working capital increased from $2,456,461 to $5,499,197.
732,865
for
v'Y'YY'';,; f
Co.—Changes in Personnel—
Yr Operating profit
proceeds of which will be used to retire alloutstanding funded indebt¬
edness of the parent company and furnish additional working capital.
'"5^275
appointment of Willard S. Paul as production manager
corporation was announced on March 18.
He formerly was
J*
Enters
'Y. •* '-
have
and,
v-YY/
"
'
Inc. (& Subs.)—Earnings—
shares of cumulative
11,871
996,382
2142.
(
Beech Aircraft
p
$183,327
5,667,322
$174,949
5,961,048
,
.
——
The company will
shortly file a
Securities and Exchange Commission
363,547
The
-
1
,
r
To File With SEC' for 200,000 Preferred Shares—
——
163, p.
i
,
received
month
p.
1945—12 Mos.—1944
•
adjustments, income taxes and provision for
renegotiation.
tExcluding $78,240 additional income from prior years'
adjustments and after provision for preferred dividends.
fSales in¬
clude figures of Joseph Weidenhoff Inc. and Johnson Fare Box Co.
from the date of acquisition, May 31, 1945,
'
$3,219,067 $2,552,937
"At cost, including accrued interest.
tAfter reserves for depreciation
fend amortization of $2,879,298 in 1945
and $1,292,430 in 1944.—
Total
Gross
"Including prior years'
.22,430
\
162,
C.
.
113,076
6,064
orders
preceding
Bulova Watch Co.
-
<
$$41,109,896 $26,951,549
Net earnings —_
Y-—
»1,079,100 ;
500,210
Common shares outstanding
—
623,302
421,004
Earned per common share—————
t$1.53
$0.94
60,729
1,296,331
Dr719,096
■
161. p. 2387.
Sales
1,045,905
122,000
55,206
80,750
v
:
'*■
/
'
,
months,
the
Bullard, Vice-President and General Manager for the past 15
has been elepted President and General Manager.
E. P. Bullard,
formerly President, becomes Chairman of the board.-—V. 162, p. 1276.
Ry.—Earnings-
$19,037
r
carried
!, Y Calendar years—
$90,461
V
exc.
(est.)——--——
—
Miscellaneous accrued and current liabilitiesLong-term debt (payable after one year)——
Reserve for relining furnaces
——i
Bullard
E.
Total
131,191
54,221
contracts
material
profit
fare pass,
670,344
$221,902
7,000
^
'i
"
1945—3 Mos.—1944
$50,365
Rev.
$2,552,937
—.
—
.
—
YYY
'
*
three
over
$1,963,000.—V.
years,
,
| 819,018
prof, taxes (est.) —
Other taxes (payroll, real est., personal prop¬
75,834
erty, 'etc.)——
.—
—:———
72,264
Equipment rentals accrued-——Y—--— <
Refund in connection with renegotiation of war
Y
;
Period End. Dec. 31—
Net
$3,219,067
equipment (current)
Accounts
were
Old
1538.
last
increase
•
noon
p.
ae of the close of February were $10,433,000
compared
$10,372,000 at the end of the fiscal year Nov. 30, 1945. During
the
Expenses
61,700
44,842
LIABILITIES—
1
-
i,.
>
Boston Worcester & New York Street
241,752
8,691
30,286
a-——-——------
-
1419.
p.
Unfilled orders
with
3 Mos. End. Dec. 31—
—
—
—
163,
will cease.—V. 161,
-
62,704
55,893
29,290
29,056
—————
assets
Other
-
.
10,000
Mineral claims
quarterly
504,641
—pi,228,164
64,207
.
drawings—
...——
and development———————
Patents and
until
449^284
patterns
equip.,
chinery,
tools,
fixed
assets
received
Colony Trust Co., trustee, 45 Milk St., Boston, Mass., will
of March 25, receive bids for the sale to it of 5-year 7%
convertible gold debentures due Oct. 1, 1949, to an amount sufficient
to exhaust the sum of $25,214, at prices not to exceed 100 and accrued
interest to March 27, 1946, on which date interest on accepted bonds
The
$439,581
63,750
a—
value
par
stock—V.
par
—V.
surrender
Cash
r
bonds and
current assets—A———
value of life insurance
on
Miscellaneous
'
.
—-
$100
Boston Sand & Gravel Co.—Tenders Sought—
.v
74,782
585,682
"V:
200,859
15,893
ie°o-j
,Y-—-
——:
-
Inventories
Federal
on
$100
-
1944
$379;256
60,427
460,918
hand-—-;
——
"Marketable securities—U. S. Treasury bonds.
Accounts receivable—trade
(net)—
—•
Claims arising out of termination of war con¬
and
banks
in
Cash
and air-conditioning equipment accounted for 55.9# of the com¬
pany's sales and, in 1945, 65.2%; machine tools 18% prior to the war
compared with 16.9% in 1945; pumps 14.4% compared with 16.3%;
sugar
mill, coffee, rice plantation and chemical process equipment
9.3% compared with 1.5%.- >X: ><"<*''■> -v" -■> Y f
>. t.
the old capi¬
dividends of $4 per
earlier this year,
split-up
and, in addition, a special of $5 per share (not $4 as previ¬
reported) was disbursed on Jan. 2, 1946, and on Jan
3. 1945.
A qarterly dividend of 55 cents per share was declared March 12,
1946, on the new $10 par capital stock, payable April 1 to holders
of record March 20. -' This is equivalent to $5.50 per share on the old
Yv .//v
;
31
1945
BALANCE SHEET, DEC.
CONSOLIDATED
of
stock
ously
significant
V
stock
tal
10-for-l
the
to
'/share,
have been
Clyde Iron
for prior
consolidated in the
for Federal Income and excess profits taxes
adjusted to give effect to renegotiation of the business of
Works, Inc., for the year 1945 on the basis of settlements
ybars.
The other companies whose operations are
foregoing statement do not consider that there will be any
net adjustments for the year 1945 relative to renegotiation.
ing
Boston Insurance Co.—Dividend Correction—
showp if the operations of. said
period from date of acquisition to
provision
Monday, March 25, 1946
at
average
interest accrued
$141,561;
DEC.
cost,
and
31,
prepaid expenses, $1,774; total, $9,341,475.
LIABILITIES—Accrued expenses and accounts
agement
U.^S.
and
directors'
compensation
'
1945
$9,118,276;
dividends
payable,
),Yi
cash
on
receivable,
YiiT
deposit,
$79,864;
(BY.YY
,:
payable/ $1,194; man¬
$21i075;; provision for
jvithholc^ing tax on dividends receivable,1-$4;232; ; provision for
.
Volume
Dominion
163
of
Number 4475
Canada
THE COMMERCIAL & FINANCIAL
CHJRONICLE
income
tax,, $2,611; special shares ($1 par),
$2,556,139; ordinary shares ($L par), $1,000; paid-in surplus*; $6,573,-'*?
588; earned surplus, $181,636; total, $9,341,475.—V. 162,
p. 980.
posed to be applied towards the redemption* on or about April 25, 1946,
of the presently outstanding 251,584 shares of the
company's preferred
stock, 5% Series ($100 par) at $105 per share
plus dividends.
On or about March 29,
1946, company will
:>/;-.;|V&
Canadian
Earnings—
tEarnings
Alcohol
Co.,
Ltd.
(&
,,-;V^■■
3 Mos. End. Nov. 30--^
•Net
profit
.1 * After
deposit
Industrial
per?
.
$287,111
.
.share__*z;
bined Class A and Class B
:
'
$154,560
//■■;
SO. 14
income
taxes, etc,:
par shares.—V.
no
tOn
1,111,916
162, p. 453.
Week Ended March 14—
<
/
/
,-\
,
*
'
;•
corn-;
—V. 163, p.
1420.
' ?
v
.
Gas
!
it
The
«
»
Maintenance
Utah,
milk
the
announced
was
Carnation
rating
of
Co.
in
Co.
Co.
operations,
Lake
Salt
City,
will
continue to
offer
the
Morning
Other
the
addition of
the two
brand
4 Carolina Power
&
Period End."Feb. 28—
Operating
Operating
to
Net
1946—Month—1945
247,952
162,762
—
taxes
Prop, retire,
Net?
res. appropr.
(net)—_
4,039
$345,077
DEC.
V"'
31
-—
Interest, etc., charges....
.143,574
lV.*'' vffi--
3,754,933
3,733,883
3,778,720
1
64,321
x "
—
Z**...:.//
Net income
" $354,082
$198,878
Dividends applicable to pfd. stocks for period,.
"t Balance
—V.
•
$8,067,950
65,545
$5,282,664
53,521
It
is
$8,133,495
3,254,255
5,415,059
$5,336,185
2,883,133
—
annual
$3,064,435
—
interest
1945
Gas
$2,718,436
$2,453,052
15/s7o
on
long-term debt outstanding
$1,612,000.
The annual dividend
preferred stock will be
new
slated
almost
for
the
entirely in
New
< «
ii■:
■'"<
..
nine
ior
vessels
the
.1,134,601
$1,730,484
Orleans-Central
Grace
Line
and
Co.,
Period End. Dec. 31—
11345—3 Mos.—1944
profit
capital shares..
$167,582
of
Earned per
America
•After charges;'Federal taxes
tion
A.
and
M.
contingencies.
Castle
1945.
On
liabilities
&
Co.
run,
&
rei.
ext.,
the
of
1946,
Gibbs
as
A; M.
Co.
will
operate
it
as
pany
of
5%
Months Ended Jan.
31—
1946
sales
(after deducting freight,
discounts)
___•—;
•Cost
of
sales
;
Co., of N. Y., 1947-1951
Blyth
The
&
4%!%
will
be
April
paid on
1,
1946,
other
$823,954
deductions
Provision 'ior
organized
was
of
12
constituent
in
of
Electric
and
,
,
1025fc 649.
p.
'
Local
New
%
Years—
service
revenues.
Miscellaneous
Uncoil,
oper.
Current
'
2,715,721
Traffic
$15,272,196
$14,614,494
$13,830,793
$12,668,823
2,482,587
2,262,828
2,096,533
1,997,403
1,794,516
expenses.......
1,770,925 "
1,737,515
1,690,154
1,703,520
712,696
1,463,609
1,364,840
824,729
expenses...
Opeiating
rents
Gen.
misc.
38.776/>
Boston
43,619
37,740
1,112,987
Net operating revs... / $6,693,694
$6,712,159
Fed. 'income taxes.
1.352.000"// 1,354.100
10,900
10,900
Corp.—
$6,611,898
«
1,492,310
exps
profits taxes
operating,
Net
:/|l,639,000
(net)
State, local and
security taxes
social
,.*..!',
Misc.
Pomeroy, Ind<
&
Income
Interest
—
Divs.
income
from
avail,
on
Income
6,500
—
Spencer Trask & Co.——JTucker, Anthony & Co——
White,
/
ASSETS—
6,500
10,900
46.042
108,832
,
34,062
117,574
118,947
/ "
':*
/•/"/'/**•
depreciation
and
depletion-—'
54,990
$307,335
Other
Income
Net
income
-
Earned
taxes
$363,630
' ;.*.
$366,684
755,472
on
$0.40
....—__
6,500
Central
*
,
,
1945/'/:^-1944"//*
n,
,
(Inc.)—
6,500
The Wisconsin Co
4,550
4,550
6,500
Vietor, Com'n., Dann & Co.
1,300
Special
&
Burr,
Weld
Co.——
&
Telephone
Investment in
Republic Co. (Inc.) /; 4,550
Equitable Securities Corp.4,550
Harris, Hall & Co.
'
,
cash
deposits.^c_____.—...«.v—^—_*-,
32.495
Official
;/vr/,Z:Z VviVfti
720
Product
Development
March
on
Mr.. .Waterfall
:*
sence
as
of
to
early
War
pacities of
<
Wallace Waterfall
for
this
r/^;.-'V--
v/
corporation,
of
the
the
Scientific
acoustical
His
firm's
Staff
engineer,
of
He
Columbia
with
association
history.
Celotex
in
served
the
'''-'--W' ]"•
»
hr <
•/
i
'
'
163,
sr
«-
'Hi'
<
<*
back
>Y!',
'
)
'
'
i
v-,
A
V, ),W»
has
of
Williams
Mr.
the
been
with
this
transferred
transaction,
to
the
the
Harrison
announcement
Williams
group
revealed,
a
Pa.—Acquired
Central Maine Power
ing
stock
on
value
preferred
stock
the'right
to
exchange
such
Period End. February-
the
basis
of one share of new
preferred for each $100 par
old preferred plus a cash
adjustment.
All outstanding snares
preferred not exchanged will be called for
redemption on July
X 19.43; The balance of the new preferred stock will be sold to under¬
writers, to be selected by competitive bidding, for resale to the
public/!:
The offering price to the public will be filed
by amendment,—V. 163,
p. 1421.
•
*■: vv ■■*,:
":':i' •
1946—Month—1945
Operating revenues *„—/*•;
Total oper. expenses—^
old
Net oper. income—
Non-oper; income, net./
;
Gross
••
$414,835
537,499
137,213
332
353
income
$148,709
Deductions
Corp.—-Preferred Stock Of¬
fered—An
investment
banking syndicate headed by
Morgan Stanley & Co() on March 21 offered to the public
200,000 shares of cumulative preferred stock, 3.40%
series
The
'(par $100)
Issue
3.40'/
was
a
share
Redeemable
in
or
awarded
dividend.
$100,086
part,
at $101.50
at
March
Harnman
a
the
option of
upon
at
$104.50
per
share
on
$103.50
per
share,
in
similar
least
or
10
Ripley
for
30
the
on
&
bid of
a
Co.,
Inc.,
$137,566
Fed.
$100.15
and
a
share
associates
for
a
notice,
Feb.
28,
plus
accrued
the
1951,
as
a
—V,
proceeds
("estimated
by other jfundst^e^mated at $6,491,320)
resources^-,the^pipany and from
to, be,
and
prices:
thereafter at
44,000
/
$82,511
Z
$63,842
profits
stk.
?
tax.
income
requir...
$270,928
/
45,005
v
13,092
,
*_//.. :*V :/ $69,419
to
$19,925,000)
be obtained
15, 1947,//Ti' 162/ p. $76,
6 Months Ended Oct. 31—
"Net
$168,839
26,184
Checker Cab
the
stock
$97,106
Manufacturing; Co.—Stock Split-Up—
on
March
and
changed to reduce the
V.
162,
the
cash-
p.
the
19
i
scares
The
first
the
par
the
four-for-one
of
'
'
total
v-,
;
/••'
•.
Chemical Fund, Inc.—Six-Cent Distribution—
$0.52
$0.50
1943
$168.^202
;.*'i
374^518
$o;45
•
tExcluding 51,051
/
!
•/-•-,
.
the
of
40,000
of
treaty
•
'./*'
>'
sale
offering of 240,-
as a
speculation.
the. underwriter
next ;90,000
selling
stock
shares
/ !
.
will
will
be
be
per
sold
share.
.;
fdr
.
the
pro
^
account
rata -for
stockholders.
purchase
'
warrants
to
are
be
issnM,
each
an
HISTORY? AND
York
an
designated by the board of directors of the
persons
if'..;
-
1944
$186,834
option for one share of common stock of the com¬
Of these, 20,000 warrants are being issued to persons desig¬
by the underwriter, and 20,000 warrants are being issued to
pany.
split-up in
will
incorporation
'.//i/,/*
'•
/374.518
March 21 made
by
sold
The
company.
account
A
value of each share.from $5 J;o $1.25.—
/ "/'
2388.
a
articles
extended"'"t0
1S45
($1 par) commpn stock at $4.25
150,000
;JL v-7>,
nated
approved
company's
:*/'///!
m»fvrpd/ph
May
of
21,
BUSINESS—Company
1928.
resistors,
and
company.
-.-incorporated
principally-drr the
engaged
Is
controls
was
resistance
devices
in*
New
manufacture, and
under
the
registered
.
.
.
supplemented
from
stockholders
common
'•"
will be
$196,065
• 374.518
*
/:'*// .*';''.'/ ./;/••■-'-■
on
The^tock is offered
/.
163, p. 1154. ./
The
,
*
$1,00" 000
1946,
V/
r
Co., New York,
000.
of
.
'
•>
15,
The
..
directors
share, payable April
in
8
•
.
on
March
20
declared
a
dividend
of
15 to stockholders of record March
1945 were as follows: April 14. 6 cents; July 14,
cents; and Defc. 29,- 19 cents.-^V/ 163, p. 897*.*
7
6
30/
/
.vV
cents
per
Payments,,
cents;'-Oct.
-lV*'.
■
loah
bank
its
Ciarostat Mfg. Co., Inc.—Stock Offered—B. G. Cantdl?
&
44,5Q0
$142,655
holding
; /
profit
"...i/*.";.• ;noi■**•-'*• ^•*/:
*
$50,750
'I;
"*/
Sept.
•Aftpr "thqrges and Federal income taxes,
162, p. 350. / /
:
'
$123,290
26,184-'* / ;
on
Bapk
'iporov^d'the r,,0po'Sal
banks
which
notes, "of
///■
'
53,325
13,092
the
tNumber of capital shares--.**-/.Earned per share*/,:—.
/ 49,813
93,000
23,100
_
div.
24,549
of
/;;■■
on
:;:/;
maturity" dates.
and $1,000,000
1946,
shares'.—V.
$306,844
26,075
be
dividends.
a capital contribution of $4,000,u00
receiyjed jfrjpo** Niagara Hudson Power Corp. (parent), are pro¬
22,198
surtax*
Co.—Extension
with
their
270,451
V/v
whole
following
.agreement
an
dates
524,854
offered
LISTING—Company has agreed to make application for the listing of
Cumulative preferred stocx, 3.40%- series, on the
New York Stock
Exchange..;-j,,.-i.1 '
'
net
and
$59,725,^01
:
make
to
representing
at any" time,
at
4 637,945
$61,467,909
surplus;
City & Suburban Homes Co.—Earnings—
dividend.
the
PURPOSE—The
excess
Net
Pfd.
/«/'
normal
513,767
,30 547
18,198,502
4,446,058
*
■
v.!,;/. .-x:
company,
days'
case
and
Fed.
Balance
dividend.
before
each
share
a
7,152
19.865,928
extend
;/:://>; 477/
236
3,953.034
513,767* //
•
15.
$795,305
'
306,608
/?/■■,
■
Central New York/Power
3.672,064
maturity
Mos.—1945
$844,107
254,668
,v
148,377
,/*/:
•
19461—2
$391,881
266,458
'398.931
1.099.711
—>
March
to
,
431,925
1422.
p.
company
The
72 756
790,995
.
1,328,629
liabilities.
reserve
,
*
666,143
^
1
//***—.
163,
notes
162, p. 4.,
^Central Vermont Public.5eryicV"-C6fp,^EHrnipgs^^
>
of
of
of
^
mew
of the receivership
subject to the Richmond, Va., Federal District Court.—V.
.'
.customers'
The Securities and Exchange Commission has
stockholder' group i$ 'believed to
under which Central States now is
be' lifting
its;7%"preferredi/$^ pr^/
par)
and
Cities Service Power Light
Notes—
■
:
-
..
43,315
'289,808
16,980
--
fund
pension
service
Mairch
Co.—Registers With SEC—
-
<$50
—v.
.
,
of
for
declared
'/ Total
100,000 shares
Corp. and
-
72.756
credits
Unappropriated
there
/
v
$30,221,600 $30,221,500
.
Depreciation
$3 and $4
the shares acquired constitute about 40% of Mr. Williams'
holdings of about 5,100,000 shares.
Central States has outstand¬
10,000,000 shares.
•
One of the first actioris of the
Companay on March 18 filed a registration statement with the SEC
for 220,000 shares of preferred
stock, ($100 par). The dividend rate wJU
be filed*'by •amendment.
.*.* /-" ://■,/I-•
,u*'■/;
V:- ^
>5/
The company will offer - to' the holders of
5%
Dividend
Deferred
share and
tclal
,
trustee
billing
Accounts payable and other current
Taxes accrued but not due—..
purchased for the
'
deposits
,
is
Pittston
'
and
1
(par. $50)^/.*...../—.
capital stock
sold, to
"Advance
,
of
Mr. Young's ■ holdings of common stock of
Alleghany
23,000 such shares to people associated with Otis & Co,,,/
The price paid for the stock is believed to be between
T
>1", I*
.
common
stock.
the board of North American Co.
announcement, states that one-third was
Notes
44,475
,
$61,467,909 $59,725,001
on
with Harrison
associated
group
of
Coincident
ca¬
1023.
p.
a
1,512.288
L*.—*
32,657
^.
-
stock
Premium
Co., a subsidiary of Alleghany Corp.; oneassociated with Robert R. Young and Allan P,
Kirby,
Chairman
and
President, respectively,
of
Alleghany
Corp.;
and one-third for the account of people associated with Otis & Co.
research
Central Iron & Steel Co.,
Ilarrisburg,
! iSeo Barium Steel Corp. above.—V.
105, b. 182. \
ferred
profits' taxes-_*c-;*
excess,
charges*
Total
third-, foKai group
University
dates
various
has
purchased front
2,000,000 shares of the
The Otis
account
19/by Chris L.. Christensen, Vice-President.
^
to Celotex alter a
three-year leave of ab¬
Research.
in
.
Chairman
engineer, and manager of the
Department, and before his leave of absence had a major
responsibility in the company's research activities.—V.
>
ol
15,243
> ■,
335,416.301,765
;
refund
deferred
-
'
>
.LIABILITIES—
Eiectrie
States
Co>
&
Williams
V
,
Director of Research and
effective March 1, was an¬
as
Acoustical
'?
Other,
40,001
10,935„
1,622,383
-•
Prepayments
Post-war
not
Corp.—-Harrison
Williams
Group Sells 2,000,000 Common Shares to Otis & Co.—r
returns
member
a
Division
1925,
*
./
Central
Otis
;•;f;'7//:/•:•,/
appointment of
nounced
amount
an
Common:
Returns—
•'
The
in
cash
A6co'hrtte/ receivable
Material/knd
,
exceeding the difference between the
offering price of such new preferred stock and the redemption price of
such preferred stock, 5%
Series, which latter shares will be received
for such purchaser's or dealer's own account.—V. 163, p.. 1421, -•
-
7,853
♦Including selling and administrative expenses/
.■
11
/ 6,500
plus
$0.13
shares..
common
:*■
Inc.
Corp—
$137,310
.
t$72,4?3
,
*
.
—...
share
per
/__
90,720
.
plant -./
U
——*
$51,596,954 $50,583,940
subsidiary company
;
32,937
32,937
U. S* tax -refund bonds..*.—v
234,538
/
98.392
Cash
.-.*..4.^-' ' 1,282,119
1,433,232
Temporary cash investments...—.*_/./
6,243,000
5,358,000
Securities
EXCHANGE OF PREFERRED—As part of the public offering of the
new
preferred stock, any purchaser or dealer, in its discretion; may
deliver, in exchange for shares of the preferred stock, 5% Series of
the company to be called for redemption, shares of new
preferred stock,
41,254
219,600
51,300
3,287
' 42,920
2,387,506
.
.
W. E.i.Hutton & Co.-
92,736
110,927
135,602
Provision for
$2,357,933
45,584 /.
38,587
2,055,069
2,055,069
..
COMPARATIVE CONSOLIDATED BALANCE SHEET DEC.;31
6.500
10,900 '
6,500",s
$2,430,838
$241,889
:
.:
*
46,962
$2,407.989,!$2,457,286
/ 29,414
2,055,069
'
,
'
$2,540,798
$2,326,372
balance
1,350,000
1,014,300
.
.
1,061,311
-/./
366,504;
stock
common
£',«
-
/1,089,800
fix/'/—'*''/'///
for
,
$5,856,449
1,354,100
1,627,200
1,099,900
.
$2,623,294
inc.
;
•
•
$2,469,859
1,079,400
deductions
/ tDeficit.
,
.
j
69,582
deducs.
35,518
:/l,788,300
i*
Other income
F, S., Moseley & Co.^i—6,500
Schoellkopf, Hutton
/
1,234,522
Exc.
Lee Higginson Corp
6,500
Merrill Lynch, Pierce,, ;
Fenner & Beane—6,500
10,900
609,249
643,096
1,416,848
and
charges/..—......
Inc.--
523,940
426,480
1,945,584
revenues.
expenses..-
Commercial
>4*
<•:
1942'
$10,759,374
2,035,029
1,387,910
1943
2,506,317
? 335,430
V,430,149
maintenance.t;*
Depreciation
operations of the
Co.—Earnings
Co.)
('
$15,278,234 $14,617,704 $13,833,210 $12,671,225
revenues..//,/ 6,038 v
3,210
2,417
2,402
oper.
Total
Cort¬
Oneida,
Telephone
*1944
-
the
Co.,
/' *^
$12,132,364 $11,775,957 $11,371,701
revenues-
Total
Citizens
.1945
Toll service revenues
corpora¬
conducted
are
$119,433
20,377,814
20,206,669
*
•
.
Mos.—1945'
$120,377
$56,756 :'
9,756,343
,;*>\***:;':--/ ':•*•/.•.*'
(Including
Calendar
Chenango,
gas
'.
•
Corp.
On Sept. 15,
1937,
from Niagara Hudson Public
counties
$57,232
Drexel & Co.-
$481,520'
-
47,481
amortiz. of
emergency facilities*.
Federal normal tax and surtax
:
Federal excess profits
tax^_;2.___.._..__^_.-
f'
1946—2
1946—Month—1945
9,732,629
passengers
>
■%.—<
■,*('!,i
<
general in¬
the
on
Cincinnati & Suburban Bell Telephone
200,000 shs.
<:
Fulton, Herkimer, Jefferson, Lewis, Madison,
Oswego, and St. Lawrence, in the central and northern
First
Coffin
f.f^tai, income'
Total
general mort¬
the
on
851,667
278,035
par)_
Service
changed
located in the
is
Barney & Co;*——
Clark, Dodge & Co.—
$426,530
*"3
both,
or
Smith,
4,626,532
88,774
consolidation
Public
was
Glore, Forgan & Co._
$5,053,062
;
the
,
$735,180
Discounts received,5 royalties, int. earned, etc..
by
Hudson
company
Goldman, Sachs & Co.— 10,900
Kidder, Peabody & Co
10,900
Kiihn, Loeb & Co
10,900 "
Lehman;; Brothers
10,900
1945
$6,160,329
operations
($100
i 1,331,358 shs.
Morgan Stanley & Co.——10,900
163,
5,425,149
from
Series
1945
Mellon
...
income
of
income
follows;
; as
'
Net
3.40%
Niagara Rudson Power Corp., planned or under consideration, may <
involve
consolidations, mergers, transfer of assets, or / other
pro¬
ceedings to which the company may be a party.
VV
5 V
/ PURCHASERS—The name of each principal- underwriter and the
respective numbers of shares of new. preferred stock underwritten, are >
allowances
•'
1946,
■'.*'.-
•
—V.. 163,
1957_;„1,993,000
renders service is about 800,000,
electric operating, revenues were 76,15% and
gas operatingrevenues were 23.85%
of the company's total operating revenues.
Simplification of the corporate structures: of certain subsidiaries of
Celotex Corp. (& Sub.) —Earnings—
and
•
Revenue
879,000
—-
company
In
,
3
■'
Net
1, 1974—$48,000,000
AND-BUSINESS—Company
1937
the
are
which
the
'
Net
1,
If Cincinnati Street Ry.—Earnings—
pulp and paper, copper, textile, steel, chemical, food
products, automobile equipment and electrical equipment industries.
The total population of the
area, including rural territory, in which
,-■/ $2.50
branch.—V.
a
April
on
mortgage 4V2% bonds, due 2u38, to holders of record at the close
pf business on March 15. 1946.—V. 163, p. 1421.
/ ; :'
solely within the State of New York and in¬
sales to residential, commercial, and industrial consumers. Com¬
services widely diversified industries, among the more important/
clude
•
a
wholly-owned subsidiary on Jan, 2,
Castle assumed all bf the assets and
and
paid
Chicago Great Western Railway—Interest—
•/
Interest
Franklin,
company
240,000
$2.53
stock,
portions of the State of New York.
$601,267
.
31,
service,
gas
land,
States
240,000
$0.63
.
;
-■
■
at
$680,000.
(no par)
Niagara
of
Onondaga,
308.
P.
into
name
or
income and provision for renegotla-earnings of Gibbs Steel Co., which
on
(-Includes
acquired
Jan.; 2,
$618,444
240 000
$0.70
be
l,
re¬
Corp. to Central New York Power Corp.
Company is engaged primarily in rendering electric and gas serv¬
ice to the public.
The territory in which the company renders electric i
tl945—12 Mos.—1944
$151,387
240.000
:
share....^.^
will
(convertiole), due 1997, on surrender of the cou¬
1946.
Interest is payable at office cf Chemical Bank
& Trust Co., New York.—V.
163, p. 1421.
,
Service
(A, M.) Castle & Co.—Earnings—
•Net
July
tions
$1,226,826
United
two
preferred
stock
York
Maritime
Commission
ships under construction
at
the
BethlehemAiameda Shipyard. Almeda, Calif.1—-V..
163;: p. 775., /
;
No.
about
or
bonds
due April
Period End. Feb. 28—
ORGANIZATION
tropic
of
on
1946.—V. 163, p. 1509.
income
gage
pon
.■■■■■■■.
$2,361,427
temperatures and the air-condi¬
tioning is ih tended as a bid for postwar travel business,"
v'
Other rceent orders
received
by Carrier include air conditioning
equipment
^
Chicago & Eastern Illinois RR.—Interest—
long-term debt of the Company as of Dec. 31, 1945
note payable to Guarantee Tr.
Common
on
March
13
that three new 18,000-ton Delta
liners under construction at Pascagoula, Miss., will be
air-conditioned by this corporation.
The three new passenger ships
Will' be completed this summer.
vessels,
$0.55
1421.
p.
shares of preferred stock still outstanding.
It is stated that notices in this connection will be mailed
j
Aprli 1,
$2,646,586
requirements
approximately
are
Electric
&
Cumulative
Corp.—AirrConditioniiig Passenger Liners—
operate
81,430
4,099,633
$0.83
000
;•
follows:
as
Utica
1153.
The hew
83,526
6.275,784
$0.28
corporation has called for redemption on June 1, next, 168,790
shares of its preferred stock, at $65.75 per share. This will leave 300,-*
$5,557,696
2,911,110
Series, due Oct.
Syracuse Lighting Co* 1st Mtge. 5%, 1951
passenger
will
40,390
2,089,506
$0.42
com..
Chicago Corp.—To Retire Part of Preferred Stock—
54,319
$6,318,690
General Mortgage Bonds 3%
announced
was
Line
163,
41,763
i
—
share
per
3,149,115
—
*
the
163, p.
other
&
surplus
The
$5,503,377
10,504
„
The outstanding
•
54,033
.*•.
882,753
„
—V.
CAPITALIZATION OUTSTANDING GIVING EFFECT TO
PRESENT FINANCING
$4,089,980
$2,613,237
—
Carrier
1
-*
Earns,
3,547,083
$6,308,186
income-
income
31,
Mos.'—1945
$4,426,334 $4,144,013
1,813,097.
1,782,586.
146,199
.
funds
! appropriations
'
Balance
Liability relating to Stillwater Reservoir 1947-1973
Gross income
Sinking
•
1942
come
$4,362,013
4,769
$497,656
ENDED
19441943
'
,.,
quirements on the
1940—12
$493,617// $340,308
YEARS
*
$31,988,639 $31,618,819 $34,958,541 $30,964,297
12,053,352
13,158,803
15,980,334
12,755,896
2,739,183
3,594,823
2,571,941
•'/ 3,410,000
3,400,000
•3,560,000
3,560,000
income3,760,000
519,000
2,762,000
3,026,000
on
income
The
Dec.
.
125,000
revenues*,/.*,*
oper.
Other income
{.
163, p. 67.
$1,522,584 $18,718,878 $18,166,768 ',.
552,081
7,514,538
6,924,507.
/ 347,120
3,476,860
3,805,098
158,075
1,865,467
1,847,183 \
125,000
1,500,000
1,500,000
561,761
com¬
revs.
consumers
areas.
revenues;*.-/'/$1,591,092
Federal- taxes
Other
•
,
Total income deductions
Light Co.—Earnings—
expenses
the
taxes...
Interest of 5%
Morning Milk units, Carnation Co. will
the 48 States.—V.
of
income
„
Federal, income
:
$24,360,190 $24,304,800 $27,752,880 $24,190,359
7,628,449
7,314,019
7,205,661
6,773,938
income
Gross
"
have production operations in 23 of
shares
' 1946—Month—1945
1946—2 Mos.—1945/.
^.$16,065,662 $16,988,772 $32,591,966 $.*3,781,579
1,951,292
3,850,469
4,516,612
2,476,766
Other railway taxes
913,527
1,011,854
1,887,779
2,045,733
Net operating income
3,644,146
2,704,242
7,267,880
5,220,204
Net
income —:
3,190,878
2,129,896
6,359,310
4,181,063
with
dividends)
■..
EARNINGS
1928,
in the Mountain and Pacific Coast
With
OF
taxes
Operating
15 by E. H. Stuart, President of the
the Morning Milk Co. operates evapo¬
Utah, and Sunnyside, Wash., and obtains
1,600 farmers in the adjacent districts.
The
in
outstanding
trust
in
accrued
•"
Wellsville,
approximately
Carnation
Milk
taxes
Other
March
on
Pounded
plants
from
Morning
of
__2,702,148
Depreciation
<*
Co,—Acquires Morning Milk Firm—
purchase
operating
Operation
Fed.
Carnation
presently
5% Series.
-—.—
Total
1945
$5,718,000
,
the
Electric
//
•
,
1946
•
,
($26,416,320, exclusive
v.;/.".',': :1945
Operating revenues:
,
$5,725,000
*
Traffic,
redeem
SUMMARY
,
$0.12
Canadian Pacific Railway—Traffic Earnings—
^
funds
pany's preferred stock,
$132,775
;
$0.13
;
to
Co.
Chesapeake & Ohio Ry.—Earnings—
Period End. Feb. 28—
Gross
1942"
1943
$142,348
.
f $0.26
Trust
sufficient
Vj."t;.iC;1;'.■|i'Z
fe/::i944
Ui..-1945
interest, depreciation,
Bankers
Suhs.)—
1561
15,
trademark
office
;
The
is
of
"Clarostat"
located
company
at
130
and
Clinton
produces rvolume
resi**t*rs
vcPd: in
the
of electricity just as
the
flow
flow
of
other
Street,
trademarks.
Brooklyn,
controls,
and
N.
Company's > main
Zni&h /V"
Y.
different atypes^of
ro^in-ren«»ivprsv
water.
limit and.cft^tnol
pipes and valves direct, limit and'contirol
Resistors
are
indispensable
adjuncts
of-electron
used in
which
amplification, wirephoto transmission
and.
in
ere
accuracy,
the
Before
'
.
the
war
equipment, to manufacturers Wh¬
resistors; to telephone and telegraph y.
transmitting
and
receiving
radio
and other assemblies requiring marked;
"/.
•','iK
company's , products were sold to manufacturers •
for instrument
:i
ether/.kinds, of devices employing
broadcasting' Companies by the jobbers throughout
the
United States and Canada
and in important foreign markets.
The same types of purchasers, and to a large extent the same customcrs were supplied with resistors during the war for the production
'
of radio, radar and other communications equipment for
the army, /
i.avy and air lorces.
■'/
•/•
'■, //-.v!;/,
PURPOSE—The amount to be received by the company from the v
rale of 150,OOP shares of stock offered by it under this prospectus is
$;$40,000
a.ter deducting
underwriting commissions.
The net pro¬
ceeds will be available, ifor the general corporate purposes of the
companies and
to
/*/"--
/v ■■%;.%'/
the certificate
1946,
16,
Jan.
CAPITALIZATION—Effective
/''..A'.'/":/
to
{
Authorized /,
*500,000 shs.
,
$1) ———.
(par
-
1945
$1,117,099
746,226
t
,.
A
outstanding
of goods sold..,
Total operating expense
i
profit
'Operating
income—.—
to
-
%% 8,046
9,623
/
26
increasing
on
the authorized
the
it
corporation
;,
realizing
%
stock
the
on
stock,
common
payable
May
in common
holders of record
to
9
Sept.
;
21,
cash;
in
cents
50
Dec.
and
50%
28,
in
{
•
Week Ended—
1945
'
1
study and classification of its
completed a
the
stock,
holders
of
a
total of 152,888.
represented
stock
ownership of the company.
><
J
'
1
,
7,828, held 619,451 shares, 5,246 individuals as fiduciaries held 606,457
shares,
while over
1,500,000 shares were in the names of bank-
held'presumably
nominees
in
trust, and
Thus
accounts.
custody
appears that over 20% of the company's shares were
tions and individauls in various fiduciary. capacities.
.
,
1946
«
preferred
Institutional
oi
week and/
percentage comparisons with last year:
of
•
1 •
a considerable proportion
Educational and religious organiza¬
tions and the like, held 229,382 shares.
Insurance companies owned
5)9,239 shares.
Banks and financial institutions held 93,077' shares.*'
Included in the portfolios of, 31 investment trusts were 102,549 sharps.
*
Banks arid financial institutions as fiduciaries, to the number 'of
1
/Electricity output of the Commonwealth Edison group of companies,"
excluding Sales to other electric utilities for the week ended March 16,
showed a 4.2% decrease frOm the corresponding period last year.
Fol¬
lowing are .the kilowatt-hour output totals of the past four
Classification
and
and
holders of
' « . / '
in stock;;
stock.—V. 163,
Commonwealth Edison Co.—Weekly Output—
:
Study
New
1946, which gives a detailed picture of the.
geographic distribution of the ownership of the company.
On that date there we're 118,174 holders of common stock and 34,714 ;
24. This is the first payment on this issue in .1946.
/Disbursements during/1945 were as follows: May 9, 2%%
April
Makes
"The" company has just
stockholders as of Jan. 1,
nature
dividend of 2Vu %
a
topping turbine-generator, at Waterside station, and $1,000,000 ■
{further increasing the production capacity at Hunts Point gas/
Company
"
15 declared
Hunts
plant: by about 17,000,000' cubic feet a. day through;
the use of additional propane and by rebuilding the existing water.
gas*equipment for higher capacity;.;
•
Stock Dividend—
Columbia Pictures Corp.—23/2%
a
Hudson
at
gas
lor
a further amendment to the certificate of
incorporation, to authorize' such an issue.—V, 162, p. 132.
The directors, oh March
of
from
installation
pressure
called.upon to consider
.
feeders
manufacturing
. _
additional public financing. In the event
issue preferred stock, the stockholders will
to
construction
(6): the
electric, generating station for use In manufacturing gas,"
further advantages of combined operation of electric
systems.'
.......
The remaining $71,000,000 of the five-year "program includes pro¬
posed expenditures of $62,000,000 for electric/ gas and steam disIrrbution
facilities;
$7,000,000 for the installation of a sixth - high
through
advisable
deemed
is
be
the
(5)
the
thus
50 cents each,
of
9,047
.
March
A;
feeder; (4) the completion at Hell Gate generating
65,000-kilowatt high pressure topping turbine-generator
132,000-volt
Jamaica;
from
'
will vote
%
station
from
stock
one
.
10,000,000 Cubic feet a day, or 12%, at low'Unit investment Cost, and.
(7) the building of a steam pipe line from Hell Gate electric generating"
to
the Astoria gas plant.
This pipe line will provide steam
302,895",
$0.88
1509:
p.
,
350,000 shares, par $1 each, to 1,000,000 ihares,
two shares of new stock to be exchanged for each
of
the 135,000 shares of $1 par value outstanding.
'
'% ,,
-1 John Macko,'Secretary,
announced that1 the directors at the present
time are considering the possibility of increasing the capitalization
capital
par
$75,416
$184,136
-
.$192,968
;v....-V,.'/,
earlier
switching station at Jamaica ' ;
Avenue generating station
Point gas manufacturing plant of a propane, or liquefied petroleum, plant to serve peak and
emergency demands,, which will increase production facilities by about.
$370,873
ji
•_■.,
share.**..,.,.,,—.a.—■ -
per:
162,
The stockholders
$2,425,965 • $2,941,250 $2,169,914 ?'i
1,626,266 - 2,280,681 "/1,740,134 1
606*731 '
498,433 ' 35*4,364'
Gales
and
followed
tie
boiler;
two
Columbia Aircraft Products, Inc.—Stock Split-Up—
.
1943
1944
'
of
and
/gild
Outstanding; I;
340,000 shs. .
STATEMENT FOR "CALENDAR YEARS
'
"•
Additions
cnarges
income
Net
during the
time
any
COMPARATIVE INCOME
Cost
taxes, &c.
Earned
-XV.
entitling the
6f $4.25 per •
period of five years an aggregate of
40,000 shares of common stock.
20,000 of these warrants will be
fold to the officers and certain key employees- and other. associates>
of the company.
20,000 warrants are to be sold to the underwriters: A
The warrants are to be paid fob at the rate of 5 cents per warrant •
at
$22,500,000
and
1945
profit
Operating
Interest,
exercise of the
/hare
FOR SIX MONTHS ENDED NOV; 30,
EARNINGS
'
Common "shares
•*40,000 shares are being reserved for issuance upon
warrants.
Company
is authorized to issue warrants
holders thereof to purchase at the public offering price
facilities
15%). the enlargement of gas and steam
/the" reinforcement and extension; of electric,/ ';
of
increase
(an
132,000-volt
;
per
stock
Common
\
.
of
to
irt-^i
of
the
gas and steam distribution facilities,
'.: j/f;
1" :■ A recent authorization by the trustees of
station
was
31
capacity
production
Colorado Milling & Elevator Co.—Earnings—
■•'
1
amended by reducing the par value of the common
share (from $100) and increasing the amount ov
capital stock to $500,000 consisting of 500,000 shares of common stock
(par $li.
2,000 shares of previously authorized common stock of
the par value of $100 per share were converted into 200,000 shares !
of new common stock (par $1), and the 1,900 shares of issued com- ••
inon stock were exchanged for new
stock on the basis of .100 shares
of $1 .par'stock for 1 share of $100 par stock. T
After: giving effect to the changes and the sale of 150,000
addi¬
tional shares the capitalization will be as follows:
corporation
stock
6n the exchanges.-~-V. 163, p. 649,
Shares lha.y be made
.
company.
System
contemplates
immediate expenditures
authorization ;of $26,500,000/ /This1
$49,000,000 covers principally (1) the installation at Waterside station
of one
50,000 kilowatt high pressure topping turbine-generator and
are part of the presently authorized shares of common after the /'split -'H
boiler, two 60,000-kilowatt low pressure turbine-generators, and a new,
up" on the basis of two for one, /'%■'/'/.;/ ;•/.
GO-cycle switch gallery; (2) addition of two 30,000-kilowatt tie feeders
There is no underwriting agreement.
The shares of common'stock
between Waterside and Hell Gate generating stations; <3)
the com¬
will be sold from time to time at the prices then current on the NewyJ; pletion at Sherman Creek generating' gtatlon of one 50,000-kilowatt
York Stock Exchange or the other stock exchanges on which thp, stock
high pressure topping turbine-generator and boiler and the installation
is listed.' The statement said one or more "special offerings'/ of the,:.;' between
Sherfnan
Creek
station
and UDunwoodie
substation
of
manufactures potentiometers /
items,,:the company
to such
addition
of high precision
of
calculating
electronic
Edison
for
Monday, March 25, 1946
$120,000,000 has been .laid out by the ' Consolidated
companies "for the
next; five years.
This, program/
addition of 350,000 kilowatts of electric generating
approximating
'
.
filed a registration statement with thy SEC , V
275,000 shares of common stock (no par) .
:*V KH?
The proceeds go to the
selling stockholders.
A group of persons,
firms and corporations, headed by
Allen & Co., on Dec. 22, 1944,
acquired from Rockefeller Center, Inc., and John D. Rockefeller,' Jr.
283,980 shares' (or 50.3%) of the .then outstanding stock of Colorado, ■//
at $15 per share.
The common stock on Oct. 22, 1945, was converted
into
two shares
of common stock of Colorado.
The shares offered/,;;,
Companay on March 14
.
company
tior.al
In
and public address systems,,
machines, atom-smashers, etc.
manufactures'12 major types'of resistors^in appfoxi80 standard sizes and ratings. . There 4 are about five addi-v...
types in various stages of research and development.
y.
The
i.lately
Corp.—Registers With SEC—•,
Colorado Fuel & Iron
television, radai,
telephone, telegraph,
radio,
tab?~.
round
■
FINANCIAL CHRONICLE
THE COMMERCIAL &
1562
it.
held by ihstita-/
Slightly over 7% were in the names of 491 brokerage firms.
There were 2,041 stockholders in foreign countries, more than half
them in Canada., They owned 155,035 shares of stock.
France is
the address of 244 stockholders and England of 48 stockholders.
,
Decrease.
.
'
Total
'•:.
Federal income taxes
133,957
Net
-V.
$58,072
profit ----161/ p. 3189.
/A
.1945
j\Tet
$48,594,868 $58,783,845.'
1,304.391
1,755,770
/
$3.65
,
$5,03
profit
Earned
'Tlie
per
share-,—,——
common
in
business
of
volume
pahy's history^ President Ben
meet
To
two preceding
the
only in
•
years.
Cleveland Graphite built up|j
$60,000,000 annual business./'
the close of hostilities for
consistent with estimated post¬
expense to a point
of $25,000,000—as
sales
annual
-
the
''
adequate to carry on a
had been made before
reducing overhead
war
war
largest in
the third
was
demands for bearings,
wartime
organization
However,
plans
an
company's';
the
with
compared
refund.
,
the
for
-
,
first quarter of
to be approximately A
1946 are expected
The outlook for the rest of the year is complicated by the'
general labor situation and the effects of the new wage-price policy.—
$5,500,000.
V. 132, p.
3070.
W*
-
./
A:.'- />-
%■■■''
.
(Excluding Canadian Subsidiary)
/;
.
9 Months Ended Dec,
Total
1945
$4,450,944
1—
income
—
-
387,516
Depreciation
Prov.
for
pension_^./wi:
Net
121.341
of
Earned
per
162,
shares
common
$879,097
2814
*'
>
;
1944
1945
taxes—
$173,329.
*$28,839*
do
"filed
has
with
the
Securities
and
—
operating
and
/
-
-
Operating
profit
Non-operating
.
Ing $1 per shafc would, be credited to surplus.
A special meeting df,
stockholders has been called for April 8 to'take necessary
action.
V.
1907,
;•:•■%
•
"
Total
The
in
,
2,093
5;
$75,444
figures
no
has
allowance
2,267
been
made
The
corporation
has
3,500
leased
feet of
expanded
quarters
at
Communications and
of the company's
traffic department.
The move to
larger quarters was necessitated ,by the inauguration of new routes
by Colonial and the increase in traffic, the announcement said.—
remodeled
Space Control
ing
V.
163.
p.
for
by
occupancy
Reservations,
'•% {V
'
1025.
Bank
appointed
V.
163,
p.
the
of
Agent—
for
oh
-March
Canaan
dents
sum
5
Water
of
See
:
1422.
Colonial Utilities Corp.—Sells Sub.
the
Co.
sold
corporation
to
Greenwich,
of $158,835.—V.
Eben
Conn.,
162, p.
F.
all
Putnam
and
2814.
of
and
received
the
E.
in
Stock—
capital
Loren
.
Allen,
Director
% /
of Public
also
have
,/;■
been
Relations, and Emil J. Amberg/,
elected Vice-Presidents.—V... 163,
.
'
^
The
Local
on March 20 announced that system output of elec¬
(electricity generated and purchased)
for
the
week ended
1946, amounted to 181,000,000 kwh., compared with 171,kwh. for the corresponding week of 1945, an increase of 5.5%.
company
17,
distribution
pared with
an
increase
of
electricity
amounted
to
179 700,000
167,700,000 kwh. for the corresponding
of 7.2%.
kwh.,
com¬
week of last year,
.*
$120,000,000 Expansion Program Projected for FiveYear Period — The company, in a notice to common
-
stock
Fenn,
payment
"
Promoted—
Consolidated Edison Co. of New York, Inc.—Output—
600.000
been
Company, New York, N. Y., has
the capital'stock, $7.50 par value.
J.
Engineer,
190. '
p.
tricity
Manhattan
transfer agent
Charles
Research
March
Colonial Mills, Inc.—Transfer
The
.
€onmecticut Light & Power Co.—Officials
55
of
New
both resi-*'
the
therefor
stockholders says:
In
that with the end of the war materials may be avail¬
that construction work can proceed, a program of expenditures
the
able so
hope
special
meeting
on
March
13
'I;
,
pre^
cents
their
,
1935, to April 1, 1939*
.
,
of
the
authorized
the
preferred
stock
j
„
out-
Consumers
Power Co.—To
.
•
"
E.
Karn,
Vice-President
,
and
Offer Common Shares at;-'///;
-
General Manager/stated
that the
filed March 14 with the Michigan Public Service Commission
application for an order authorizing the issuance and sale of 876,568
shares of its common stock publicly at competitive bidding,'.in ' act/'^'v
cordance with the rules of the Securities and Exchange Commission./;///.'
He stated that it is estimated that hot less than $20,000,000 will be
received from this sale, and the funds will be used in the company's; „
construction program in the next three years.
In; referring to this,;. , ;;;;/1'
Mr.
Karn pointed out that it would include the necessary facilities' rC;,
to bring Texas and Kansas natural gas to that part of the company's
territory presently served with Michigan gas,. as Michigan gas bev •;%/,comes depleted, and also a larger
supply to the company as a whole r. •
the
completion of a new unit of 50,000-kilowatt capacity at the
John
C. Weadock Plant at Bay City and the construction
of the,
B.
C. Cobb steam-electric generating plant near Muskegon, with an
initial installed generating capacity of 120,000 kilowatts.
..
* V ./
Mr.
Karn pointed out that the
application asks authority to ex¬
company
'
Broadway, New York City, to be occupied by Its Treasury Department/
The space vacated at 70 East 45th Street, New York City, is now be¬
a
respect to. the calling of the Bhares.
There
are
at present
109,001 shares
D.
de-;'
for
>
.
at
Competitive Bidding—
,
preciation,—V. 163, p. 1155.
diiectors
the company revealed, indicating that 10,688 shares have'
been acquired since the close of the fiscal year Aug. 31 last.
The re-1'
demption will require $3,609,408 in cash.
.
;
w
^
At .the same time, the board declared the regular quarterly divi-:
dend of 43% cents a share on the preferred stock, payable July 1,
to holders of record June 14.—V. 163, p. 1423.
4.
;
$55,111
1,536
above
2269.
'
,20,333
$50,813
write-offs—^
NOTE—In'the
V
I
standing,
$73,351
20,172
expenditure
Capital
p.
redemption on Jhly i next of all outstanding $'l.7o cumulative
ferred stock,^^ no par value,; at $32.8154 a share. '
,
<
/■/.'This represents the call price Of $26.25 a share, plus $6.56%
of cumulative dividends on which ine stockholders did not waive
180,225
3,636
$70,985
taxes
for
before
Profit
fe;
—X—:
revenue
Provision
162.
1
23,850
:
"
ConsoJidafedl Steel Corp.—Calls Preferred Stock—
$253,575
$67,349
'r
____
""
»
Cuittmings further stated that the purpose of this split-up was
a wider distribution of the company's Common stock.—
encourage
com-;
•
t''
Mr.
•
to
1944
214,613 V./
:/■•:;
revenue
diiectors
$4
common
M
•;%./i945*/':
26,940 /■;
$281,962
costs-
taxes.
rights for the moratorium period from June 30,
produced
metals
from
and
issued
value
lithographing busi¬
and steel die and/
'plate embossing. The company estimates that it does approxi¬
70% to 80% of the entire lithographing work in Cuba.—V, 163,
Income
charges
Proposes Stock Split-Up—
Exchange Com¬
cumula-
of
Quarter Ended Dec: 31—
Tons
pre
milled—
after
ently
19,419 shares of 6%
incorporated under the laws of Cuba in
the three leading Cuban lithographing
was
Jan. 13, '45
$58,321,731 $52,551,220:
1,163,832
575,360(
Jan. 12, *46
—
income
.The
".
underwriting group headed by Hirsch & Co.
an
sales
.
(Havana
not
Leases New Quarters-—
Bonds—
company
28 Weeks Ended—
preferred stock ($25 par) and 197,000 shares of com¬
cents par). • The stock is expected to be offered pub- %
(10
Development
include income from new routes which
were
not
in
operation, but nevertheless had to absorb development
expenses in connection with such new routes..
* •" • . /
fThe operations during 1945 were limited because of slow return of
equipment from the Army'and the time it took to recondition this1
equipment.
In 1945, company had in operation only one-quarter of its
present equipment and flew only one-third of its present mileage. // V/
An additional issue of 94,100 shares of common stock was made to
stockholders on Feb.
4, last, and $1,828,000 put Into the company's
treasury.
At the end of 1945' there were 274,600 shares vofucapital
stock outstanding.■'*
•''/■/'
."1
earnings
dividend of $1.25 per share was/
,
Net
1945
■:
a
has decided to proceed with "a refunding of $44,660,000
of .its bonds now bearing a 3%%
coupon.
A new series of bonds Of
like amount for a 35-year maturity will be offered,
at competitive*.
/The
Coniaurum Mines Ltd.—Earnings--*:
'Deficit.
The
a
registration statement covering
a
company
copper
'
before
profit
have approved a three-for-one split-up of the pres¬
and outstanding no-par value common stock (stated
per share), according to an announcement 011 March 19 by
1%%
Nathan
Cummings,
President, - Present holders of common
stocky,
would receive three new shares of $1 par common ahd the remain-*
refund
to
Consolidated Gas Electric Light & Power Co. of Bal¬
Net
consolidation
a
mately
-Earnings-
Calendar YearsrNet
1945
r>
Colonial Airlines, Inc.-
market
which the average annual, interest'
conditions such as prevail at present,:
on
timore—To Refund 3y*%
panies.
It engages generally in stone and photo
ness,
including color work, printing and binding
$1-57*
..
Under
bonds
:
•Net
company
The
as
562,800
.
3.37%,
and
-'/V:
Of the total shares being registered, 19,419 preferred shares and
162,000 common shares will be sold for the account of stockholders
and the balance of 35,000 common shares will be sold by the company. -
$885,359
$2.31
.
■%/?''
in the future,,
principal amount of
$304,240,000
large portion of these issues at a substantial*
leduction in interest charges,, with - consequent advantage to stock¬
holders.
Fcr further details, see V. 163, p. 898.
'
licly later by
1—1_
562,800
'
present,
the long-term debt of
refunding
to
stockholders
250
Tapscott said it would be possible, subject to regulatory authoriza-
lion,
/
f
stock
mon
149,062
-
the
told
outstanding
has
debentures
is
rate
Mr
;/
$1,034,421/
137,935
562,800
$3,71
">,
share
p.
743,000
422,100
$1,666,692
Surplus
Number
—V.
$1,439,132
___
quarter during
convertible
tive
'
-
$2,210,133
422,100
dividends
The
mission
386,952'
34,023
voted
and the possible issue of additional bonds
company
tollable
payment of the dividend just approved, arrearages on the ,$6.
/
After
'
.
1943
1,027,000
dividends
Common
amounted to 238,the corresponding week in
company,
The
Payment Approved—
each
in
while
paid.
400,000
—1^-
compared with 260.590,602 for
decrease of 22,227,989, or 8.53%»
as
H. :Tapsco'tt, President,
this was a preliminary step
that
the
corporation
362,613,
Properties—
of the outstanding stock of this company was
a
"
territory served ior the week ended March 14, 4946
Compania Litografica Be La llabana S.A,
Lithogtaphing Co.)—Registers With SEC—
$2,164,373
1,400,500
taxes
profit
Preferred
52,795
—
Prov. for recon., etc.-—
Federal and State income
this
at
18
Ralph
V
kilowatt-hour output: of electric energy of subsidiaries.
adjusted to show-general business conditions of P
weekly
The
of
„
427,419
77%
specia! meeting of stockholders In favor of the
execution of a mortgage on the company's properties.
The vote was
10.465,288 shares for and 97,334 against the resolution.
An affirmativevote of two-thirds of the shares outstanding was required.
t > *
>i
March
on
*
.
1944
$2,927,574
,
Preferred J
—
/•••preferred stock will amount to $29 per share.—V. 163, p. 1423.
■
Collins & Aikman Corp. (& Sub.) —Earnings—
%
(Indianapolis)
A/ The. Securities: and Exchange Commission, on March 14 approved
j|the payment by this 'corporation on April 11. 1946, of a dividend of |
$1.75 per share on each share of preferred stock held as of March
28. 1946.A distribution of $1.50 per share was made on Jan. 2 last,'
•
Sales
Stockholders Approve Mortgage on
1423..y
J : Dividend
rponths after V-J Day. j .
.
,
; No renegotiation
reserve was'set up for 1945 because of the com¬
pany's conviction that in view of all the facts, including the operation
of its forward pricing agreement, it should not be called upon to make
any
5,6
8.2
',
A Commonwealth & Southern Corp.—Weekly Output—
V
1945, a
high record of $10,500,000 in 1940.
As a result of those plans, >
company was able to operate at a profit within
less than two
prewar
the
.
com-/
F. Hopkins pointed',out, being exceeded
1945
of
Higginson Corp. and Blyth & Co.,;
Inc., on March 22 offered 40,000 shares of 4% cumula-|
tive preferred stock (par' $100) at $103 per share and
dividend, subject as to 35,000 shares to the rights of the |
holders ofcompany's: 5 % v cumulative preferred stock.
tb exchange such shares for shares of the 4% cumu¬
lative preferred stock on a share for $hare basis, plus a
certain cash adjustment.—V. 163, p. 1280.
*1944-
'
..
202,890,000
>
Stock Offered—Lee
Cleveland Graphite Bronze Co.—Earnings—
Gales
200,685,000
.
More than
$24,789
$45,560
6.0
186,281,000
-
198,637,000
Commonwealth Loan Co.
'V
Calendar Years—
r
23—
163, p.
52,329
v
117,679
/
;
Feb.
—V.
4,491
6,485
9.296
,
4.2%
186,664,000
I
2
Mar.
$81,609
>
$169,724
;•
189.460,0001'
9
Mar.
2,854
192,976,000
184,931,000 :
16—
Mar.
$84,463
,
2,457
«■
$201,324
t
profit
$172,182 %
,
1,269
income---^.
from
Deductions
•Net
$202,593
income
,
presently issued common shares of the corporation, owned
by Commonwealth
& Southern, from 1,811,716 shares to 3,623,432
shares with a stated value, after the issuance and sale of additional
shares, of approximately $15 a share.
Certain modifications ty the
Certificate of Organization of the corporation pertaihing..ip./the voting'
rights of preferred stock are also set forth in the application.
:
It is contemplated
that the new common stock to be sold to the<
public will be listed on the New York Stock Exchange, which is a step
change the
-
/
Volume
jn.
the
163-Number 4475;j
general
stock
of
other
its
Commonwealth
&
Southern
Corp.'in
its
share
to the divestment by it of the remaining
it of Consumers Power Co. and the common
northern operating subsidiaries.—V. 163, p. 1155.
looking
stock .owned
common
of
program
reorganization plan
declared
was
Continental Steel
stockholders
;/v /.v,.' ■*.<
subsidiary of the corporation, the
A
tions
stock
mon
on
share);Of
shares of $14
2Va
outstanding
•'
.
the
39
of
basis
the
no-par share; theri
Corp.—Split-Up Approved—
March
on
the' -split-up
approved
-tea«h
/,>
value
par
Co.,
:Vi■'.■■■
for every
fractions, ,of
'fi-'iko
,■■
P. 899.
163,
,
.
has
now
V.*".'-
;'
■
Salaries
Taxes
'
were
23
dry
60
wells
of
total
holes./
•
during
the
includes
year
resulted
wells
21
part
in
interest
oil
25
completed
wells,
wells,
gas
in
which
and
the
Reserve
.
11
and
$4,000,000
3lA %
3%,
Vh'h
and
debentures to
'J " '■■ ■1
preferred
stock
stock
(no
85,000
335,000
335,000
;__
140,800
10,441,200
shs.—
10,300,400
206,008
,
—v.
162,
7,670~576
1,501,836
$23,678,169 $25,559,725
-
"After deducting depreciation.
v
,
.
85,000
7,670,576
—-a
/;■Total
..
570,240
20,265
21,590
—
1,411,071
f Common; stock
and this after producing 2,683,556 barrels during the year.
The corporation's net crude oil production for the
year was 2,683,556
barrels, or a daily average of 7,352 barrels.
This compares with net
crude -oil production in ,1944 of 2,843,529 barrels, or a
daily average of
mature,
543,180
72,887
—-
pari
par)
216,040
equipment—
and
($100
87,082
242,186
claim
comp.
preferred stock——
credit items—,
reconstruction
1,031,545
14,312
81,270
—
outstanding tickets—.,
1st
415,238
196,087
(net)_——l
—
Surplus' AA—
of the year,
-
The serial debentures, dated March j,,. 1946, consist of $1,000,000
'2%, 21/4^, and 2%% non-callable debentures to mature March 1, 1947
1951;
taxes
—
tRepresented by 61,240 no par shares.
.
"
to
for
416,066
——
income
65,413
131~903
142,744
suspended
preferred
1st
holes.
The
owned, a
dry holes,-
Corporation
resulted in 8 toil wells, 2 gas wells, and
!-
contingencies—i——
5%
ly offered in the Canadian market at par and interest u \ ^^pi'^Ccing'hoiS by'1demening^in'^i/weiT3''10" tll500vcred
by L. G. Beaubien &
.andL,.oC
dt the Dominion SecurA,
„r
„ns
At the close
of 1945, th« r„rn,,-.,-ton-, estimated Si reserves were
the corporation's
oil
WHpsm
lties Corp., Ltd.
730,403 barrels more than the estimated oil reserves at the beginning
.
for
dry
12
and
Reserve
.
2
properties
on
liability,
for div, on
$2,915,500
100,000
:
income)
State
interest
Deferred
properties wholly owned and 21 wells on preperties in which the
owned a part interest, the 21 wells being equivalent to
wholly owned wens.
Tne 39 wehs completed on properties wnoily
$1,875,000
102,887
than
and
Service
Res.
—'
bank
to
Injury and damage and. employees.'
wells
39
;—
payable
wages—!
(other
Accrued
v-,_•
•
completed
^
■
note
and
Federal
EXPLORATION AND PRODUCTION
;
*
payable
Installment
sub¬
no
debt
Accounts
12.21
issue of $5,000,000 serial debentures was recent-
new
The -corporation
-
LIABILITIES—
,
Funded
\.i
.
,
corporation
Credit Fonder Franco-Canadien—Debentures Offered
-A
;
1945, the corporation completed on properties owned wholly
total of 60 wells, of which 33 were oil wells, 4 were gas
and
-
The
.
■!
«
.
part a
wells,
.on
f
.
in
owned
1
liquidated and
of Dec. 17," 1945.
as
,
During
or
a
1,000,000 shares of $14 par value common stock authorized)
for the 200,648 no .par
be increased from $5,«:;,
$7,022,680.—V.
'
.
Southern Illinois Service Sta¬
its assets and business acquired by the
.was
'
,,
501,620 shares are to be issued m exchange
shares outstanding.
The stated capital will
279,300 to
i
,
sidiary companies.
of the 'com¬
each
tor;"be paid."for
payable March 18-; to stockholders of record March
4, 1946.
by
corporation
The
1563
THE COMMERCIAL & FINANCIAL CHRONICLE
2515.
p.
Detroit Toledo & Ironton RR.—Bonds Offered—An in¬
•
vestment banking group headed
by Shields &
Co. and
during the year, 16 of these wells
March
1,
1952
'
1966.
to
•
White, Weld & Co. on March 20 offered $9,626,000 1st
mortgage 2%% bonds series B due March 1, 1976 at 101
months
'
and
barrels.
7,769
Crescent Public Service Co.—Sale of Sub.
V"
In
Don
R.
Zachry,
With
the
Gas.—V
f-iW.-
Empire
■
'
*tt
Starts Work
Cf.
n
—
.
which
* * Empire
Were
14.888
New
on
acres
the
1945
crude
oil,
or
productive
were
of
oil
or
and
gas
.
187,175
AND
Work on the
company's' new printing plant in Sharon Hill, just
put side of Philadelphia, Pa., got underway on March 16, When coinpleted and eqiupped, it will cost more than $15,000,000. The plant is
100-acre site.
a
on
civilian uses.
r
make preliminary
•
"
-
studies and to design and supervise construction of
Contracts for steel, brick and other materials have already
;the plant.
there
MARKETING;
at
the
close
-
,
t
24 more stations in
were
Securities
of
,
-
.
"(bonds
hi
-
at
'
S
before
beiore
v
lulv
July,
The
ine
1947
1947.
nrintimr
bindina
prinung,
"The
The
.
ana
Saturday
of
oi
of
ox
one
one
Evening
lubricating
affect
the
present editorial
for_some time, been operating.at. full productive capacity.
circula-
At
ii
■
.
^
the
of
.miles--of trunk
or
0f
572
&[
the
increased
1944
over
miles
1945,
CVt*1
outlets,
by
jJivVAU1
will
c
7.9.%-r?
13%
linps
of
a
toini
of
S WaS in °Peration
?3' *J«- »»»<««< 641
leased cars.
163, p. 1156.
service
at
fleet of tank
a
This compares with -647 owned and leased
the
close
of
at Dec
which
cars,
ownii
of which 564 were
the
days'
initial
prior
SSi
and 77
tank
in
cars
1944.
be
in
coupon
form,
bonds interchangeable. Bonds
a whole or in part, at the
purposes, on not less
at rates ranging from.
respectively.
,
105
of
as
for sinking fund
than 60 days' notice,
more
nor
prices
maturity
to
or
company,
ISSUANCE—Issuance
l., „,®
miioc
will
bonds
definitive
The
$1,000,
redeemable
of
30
Krthe
10•
pipe line system comprised 216
main lines and 356 miles of
gathering lines a total
Sole-ot ml
date.
of
Co'upon bonds and registered
be
(■than
increased
than
more
y
■
the crude oil
The corporation also maintains
_
spent by "the company in studies, research and expeilments
f.i
sales
close
'r,SS
all kinds.—V.
oil
■
tion, manufacturing and other operations now going on at the company's traditional location on Independence Scjuare, It was emphasized.
printing facilities at the Independence Square building have,
,
Vvwl'' V UlUtiiC
'I; «
^ |n^di"» sales' through the corporation's
the
tne
will
Post,'
.Present
oi
X Vllr'.
TRANSPORTATION
will riot
construction
new
shiDoina
snipping
and
binaing
magazines, probably
eventually be located there,
company s
W-T V4.
later
a
denomination
{.thereof,
•
/V
Parsons
registerable as to principal, and in regis¬
tered form without coupons, in denominations of $1,000 and multiples
""
"
.
.
i1'.» Dated March 1, 1946; to mature March 1, 1976.
!
.
('( Principal and interest (M-S) payable at oifice or agency of com! pany in New
York.
The series B bonds will be initially issued in
temporary form (with coupons for at least two interest payments
attached) exchangeable without charge to the holder, for definitive
(('option
■■
bid of 100.325.
a
V;Stroud & Co.,
r
operation at the close of 1945 than
on
Corp.;: Paine, Webber, Jackson & Curtis;
& Co.; Laurence M. Marks & Co.;
Inc.; Putnam & Co. and Cooley & Co.
.•Graham,
th® quantity
i
oversubscribed.
been
,
Such-essential war ^materials as were produced during' the war tyer'cf
produced without making any substantial expenditures for new manufacturlngv facilities; therefore, the corporation experienced no major
reconversion-problems in converting the entire output to products for.
The initial building will be about 375 feet wide and approximately
1,200 feet long.
v
•
"
Stone & Webster Engineering Corp. was retained sometime ago to
has
fi Associated with Shields & Co and White, Weld & Co.
;j;in the offering are: R. W. Pressprich & Co.; Equitable
1
f
issue
awarded March 19
body & Co., 100.31; Blyth & Co., Inc., 99.67; and Halsey,
Stuart & Co., Inc., 98.6399.
'
v „
acres
refinery. processed 4,366,466 barrels of
of 11,963 barrels,'and also processed
charging stocks, or a daily average of 5,182
<>f crude oil and charging stocks piocessed during 1944.
The
was
Three other bids, each naming a similar coupon, wer<5
received at the competitive sale. They are: Kidder, Pea-
average
Allude oif^and
barrels.of
interest.
The issue
.
<
daily
1,891,549
being built
completed
was
corporation's
a
Plant—
•
producing oil wells
<rf
undeveloped.
In
7,-r
7
33
1945, the corporation held leaseholds or royalties
covering 221,767 acres, of which 16,323 acres were productive of oil or
gas, and 205,444 acres were undeveloped.
At the close of 1944, the
been" iv corporation held leaseholds or royalties covering 202,063 acres, of
not
merged Into
be
At the- close
fifi-fifififi REFINING
.v.
.
will
Service
Curtis Publishing Co., Phlla.
*
had
conditions
of
■
1231.
p.
t>
competitive
claimed
respect to the pioposed sale.
acquisition,
163,
A>
order
who
maintained with
total
a
were completed during the last three
of
the year—six
in the month of December, v The average
daily production during the last two months of the year was substan¬
tially, in excess of the .daily average production ,for -the year.. ,
Approved—
the. Securities and Exchange Commission
approved March 19 the company's proposal to sell all the outstanding
securities of the Empire Southern Service Co.f to the Empire Southern
Gas Co
for $410,000 plus closing adjustment. .It also released juris¬
diction over the transaction and denied the intervention petition of
supplemental
a
While
102'A,
and
sale
and
.
bonds
these
of
to
subject
tion by the Interstate Commerce Commission.
VLEGAL
INVESTMENTS—In the opinion of
authoriza¬
/
-
Cravath,
Swaine
&
Moore, the series B bonds will be legal investments for savings banks
organized under the laws of the States of New Hampshire, Pennsylvania
(savings banks organized under general laws) and Rhode Island.
'"••!».' PURPOSE—'Proceeds from the sale of these bonds, together with
((such
treasury funds as may be necessary, will be .applied to redempor before July 1/
1946, of $9,626,000 first mortgage series A 4s
{ lion
on
J •.(
ydue Jan. 1, 1967, at 107(A and Interest.
y1' LISTING—Company will file an application for the listing of the
balance sheet December 31, 1945
series B bonds on the New York Stock Exchange and for their regisThe directors* on March 18 deferred action on the dividend ordihand ,an£* ^^ banks, $2,113,485; IT. >S. obligations V tration under the Securities and Exchange Act of 1934, as amended.
harily declared about this time on the $2 non-cumulative class A
oWiand j notes receivable (after reserve of
r SECURITY—The first mortgage, in opinion tof counsel for the cqm'stock, par $1, "in view of unsettled general conditions.-' ^ Distribuf !y TfcV,
,kI' 3*
'
,mVentones of crude oil and refined oils and other
pany, is a first lien on all of
the lines of railroad now owned bY
Jtions of 50 cents each were made on this issue on April 30, June 30, • '
fiT Qn •phys-^ail ,n»fn
; $3,552,516; investments in secuthe company and on all of the property now owned by the company
Sept. 29 and Dec. 15. 1945.- ;
.rrtlef
companies Rafter reserve) , $14,604;^property and equip-^
The company also on Dec. 16 i»st paid a dividend of 50 cents on ;
depre®iati®nt! depletion^ and amortization • of !• Used for carrier purposes in connection with such lines of railroad,
subject to equipment obligations.
The first mortgage also will be a
the $1 par common stock,? as compared with j75 oents cm Dec. 27,
A ' ^
V
expenses and deferred dehits, $135,-lien on all railroads and property hereafter acquired or
constructed
1944.- V. 163. p. 1156.
'
&P«
&nd advances to aSents and employees, $20,870;
Curtiss-Wright Corp.—No Action
/
Dividend—
on
«. 1 oo
»
•
'
*
f
.
;
r
i*
k
14
c
4
f
\
^
j
;
3 ^
g /
*11
v
Ty
^
t
^ >toiai,
,
through or by use of the proceeds of first mortgage bonds,
5>iy,b
which
Davenport Hosiery Mills, Inc.—Earnings—
*y
LIABILITIES—Notes
f
(unsecured)—dated
I944 pnd maturing in equal installments
'k
f,
.payable—banks
of
$150,000
July
June
on
and
30
fi
State taxes
Gross
profit on hosiery salesGross profit on miscell. operations
Gross.profit from
;
$1,381,950
$1,188,682
$1,286,541
5,893
7,610
16,211
$1,194,575
$1,389,561
$1,302,752
251,492
291,075
$933,082
$1,098,485
$1,033,217
37,571
operations
6,411
pensation
Drl51
Bell., Ken., adm. & Idle plant caps-
on
and
$49,869;
serves,
income, $555,130; reserve for contingencies, $315,000;
employer's liability reserves, $62,924; sundry re¬
deferred
credits,
$12,196;
269,526.
capital
stock
earned
surplus
il-
Toledo-Detroit
except: -7 shares,
Profit" before
Normal
Federal
income
Excess
profits
.
May
main
1,
with
line
'all
of
taxes
$970,654
$1,104,896
$1,032,466
111,500
—
117,000
132/500
578,535
tax———
tax
t684,000
lines
Special Offering—Reynolds & Co. on
March 20 effected, a special offering. of 8,420 shares of
common stock (no par)
at] $47% per share, with a com¬
t576,000
mission of
.90
—
cents.
The issue
.rr^fVrrlT'tuvidendsI'I——_ILZII
1943.-
from
$336,486
150,000
150,000
1945, $96,654 in
In
shares and allotments made
There
Ti
49 purchases
were
/'
,
ASSETS—Cash
lor doubtful
BALANCE SHEET, DEC. 31, 1945 * '
banks
in
accounts
and
hand,
on
$29,118;
U.
Govt,
mo<n(finan«ii
maintenance
siinhUAc
supplies,
nvonairl
incitronpo
prepaid
$50,904;
<td«nfiO-
insurance,
$46,009;
Total
oper.
<
^
—$7,360,350
$7,031,350
;
Taxps
total, :"
othpr
3 575T58
nan
Npt
nnpmtintr
„T
8
other
inoome
,
3,201,575
innnmo
eQeral inoome"
-
common stock (75,299 shares, no par), $376,495;
capital surplus (incl. $10,500 resulting from exchange of
pfd. stock for 299 shares of common stock), $290,367;
'pfd. -stock sinking fund reserve, $14,903; earned surplus,- $1,373,379;
total, $2)651,557.—V, 163, p." 1026.
on
.Int.
gen.
,
.^1
415,109
_p;?L
<.9
toZ,
loss
Prov.
17,426
$2,195,357
$2,358,060
$2,357,582
ments,
Other
bank,
to
etc._
'f'"
Interest
Reserves
"1944
and State
inc.
$4,139,157
—_L
—-
$4,151,188
//169,267
$4,188,089
.j—''.,.'$4,320,455
83,546
charges
and
retirements
—1,918,090
taxes-
'Provision
for
income
Reserved
for
contingencies—i.
*
-
The
2.225,191
442,800
90,000
1,000,000
1,000,000
$445,873
$1,212,285
$1,174,682
income per
Net
(Net income,
per
share
(bef,
res.
for conting. i__
$1,606,353
i:;,-.;
$4.24
.
share qredited to earned surplus
(".offer'to
'
'
-
Current
%
Net
The
;
$1.40
'stated
,
■•
•»I")
.
-
•'•;••
;'/fi'
1944
'
$9,169,178
2,345,730
$6,429,228
$6,823,448
3.4
3.9
—
current
indebtedness
per
of
1945,
end of the year.
the
liabilities—
the
leaving
;
corporation
a
balance
has
of
or
(•••jJa.iuqM'i
•.
fixed
in
'
.(■'•
■
amounts.
•■
been
reduced
$2,550,000 at
the
s
A
dividend
-1'.,
■j
•'<. i
of
dividends
dividends
35
^Et-has
rights.
'
•
by
1944.
preferred
stockholders
to
the
to
the
March 4,
on
v.,
first
exchange
Net
cents
of
stock
fi '
equipment, franchises, etc.
ASSETS—
"Property,
estate
not
used
in
operations^
' (
Deposit with trustee under employees comp.
Deposits with bond trusteeMaterials
474,318
435,356
U.
for
S.
Sundrv
42,902
$4,213,219
$3,624,902
1.740.810
1,430.599
Cr60,038
010,863
14,276
'24,391
fi;;. 22,188
24,538
21,031
$1,305,947
$2,152,105
$2,458,734
$2,158,996
29,556
fr.
deduc.
37,215
39,813
34,452
..$1,335,503
$2,498,547
$2,193,448
13,933
$2,189,320
13,384
inc.-
16,907
15,128
$1,321,570
$2,175,936
$2,481,640
$2,178,320
552,602
i,
fi
529,356
541,207
2.55
4.11
4.59
3.94
$803,308
490,664
$1,646,580
1,103,994
$1,940,433
$1,625,718
1,226,660
1,042,661
balance
$312,644
$542,586
$713,773
$583,057
163, p. 1281.
'(v ('(-A!
fxd.
charges-
chgs.
on
1st
1.434,387
bond interest
—
V.
1,500,000
—
rentals, insurance and taxes—
and suspended debit items--——-
'i;; 60.993
168,906
1,577
t.r
earned
570,240
1,809,535
55,059
39,232
'
{ 186
share
-to
■
Total
—;
»i: ;i
—.—-
of income
f;
directors
on
holders
on
March
18
' '• ' {' '• '
V
Co.—75-Cent Dividend—
declared
a
dividend
Of
75
cents
per
outstanding $5,000,000 capital stock, payable March 2S
of record March 22.
Payments last year were as follows:
the
50 cents each; and Dec. 21, $1.
wage and salary dividend of 6% of
compensation in 1946 from current profits to those
employees actively employed by the company on. March 31j 1946.
A
similar distribution was made three months ago.—^V. 163,, .p,,.2Q4Q.
March 31, June 29 and Sept. 28,
The directors also declared a
their
.
$23,678,169 $25,559,725
518.262
:fiy ■'(;
(Joseph) Dixon Crucible
The
72,995
.
appropr.
Income
43,416
1,650,761
_——'
preferred--—-543,180
for
securities—-J—
receivable
!
income
Net
7,578
—4.
Treasury
Deferred
;'(•
2,364,747
489,361
1.366.589
'
405,644
with trustee
div.
lawv"
____w-
-fit;
.
$3,480,844
,
income^
oper.
Total fixed
Div.
1942 : /
911,506
1,343,834
2,053,266
!
.
'!•/.!*'
406.781
supplies———
—
Deposit
Res.
and
1944
1945
,
(net)— $19,155,517 $20,973,110
147,551 (
148,343
.
$8,368,864
1,120.370
1,410,022
2,200,175
55,394
income—
Miscell,
..
$9,418,104
1,069,356
1,585,953
income
Total
;
at
per
•
rv.
Other
YEARS
1943
1944
$2,484,530
1,098,798
— ^—-
j.—
equip, (net Or)
rents (net Dr)
of
CALENDAR
!
498,010
facil.
Times
Real
the purchase
terms of which $867,000 of the
from railway
accruals
Hire
made an;
preferred
conditional sale
of 200 all-steel
$8,990,261
expenses
operations
.
Jt.
the;;
of
terms
1944,
•
-Tax
11,
Oct.
stockholders
Pursuant
24,533,600
—-
1.148.660
1.826,859
2,485,889
.
CONSOLIDATED BALANCE SHEET, DEC. 31
Preoaid
the corporation declared and paid
.share'; 'but has adopted no policy of paying
year,
intervals"
adopted
24,
no par are authorized) for preferred stock.
31, 1945, 103,004 shares (98.65%) of the preferred stock have
exchanged for 206,008 shares of the first preferred stock.
During ii
year 1945, the litigation attacking this plan was finally concluded
the plan was upheld.
Cash
working capital--'
current-assets to
During
Feb.
—
.$300,000 during the year
;
effective
& struc.
Net rev.
,
Bee.
been
$3.73
2,689,493
_^—___;
of
long-term
&11
(•■:,. $3.73
31
1945
trackage
'
$8,443,148
revenues
wav
Of
AIL other oper.
$1,490,430
Vv:
: $9,118,720
—;
liabilities
-Current
Ratio
assets
'
-
recapitalization
of
which (208,824 shares
To
the
$4.02
(NET WORKING CAPITAL POSITION AS AT DEC.
plan
became
plan and amendments, the corporation,
and
fi<:■ Net income credited to earned surplus—!
*,
FOR
ACCOUNT
Transportation expenses.
400,000
income
1943,
;.
^162,034
490,100
ry1IT*•
under
2,400,000
Total maint. of equip.—
1,246,693
taxes
,
;:>(• 48,932
income
Total
RR.
,
L_—
oper.
ry.
Maint,
29,904
sale of,property—
on
182,900
145,775'
72,888
contemplation of ah immediate resumption of its modernization
'suspended during the war years, the company in.
; Dec.,
3945, disposed of .certain of its rail trackage at, a loss of apvproximately $1,250,000.
; /
retire
income
v
1, 1946. the comnany has entered Into a
INCOME
'Total
program; necessarily
1945
Ohio
*
1945
"In
and
►
dated Jan. 8, 1946, for
hopper cars, according to the
6,381
and refunding bonds—
for Fed.
Net
Deep Rock Oil Corp.—^Annual Report—
:
'
purchase price is to be paid in monthly instalments of $7,929 extend¬
ing to Feb. 1, 1956.
interest on the unpaid balance at the rate of
l7/s% per annum is included in the monthly instalments.
f
17,972
note .payable
oar
"Net
of
income before -reserves
and before other charges
and
agreement,
.covered
_
"
income.
income
Gross
int.
and
Calendar Years—
tracks.
Since Jan.
»
693,358 'if 692,350
.422,200
412,827
705,014
FMpr»i
R es' otner
•
tnlul
payable, $56,756; other account pay¬
liabilities, $68,721; 7%
conv. cum.
pfd. stock
Operating
except
CAPITALIZATION OUTSTANDING JAN. 1, 1946
$6,657,953
4,062,842
4io62;842
revenues
expenses
Depreciation!
.<$100 par), $216,900;
shares
the Ohio River. The length of
is approximately 359 miles,
for about 23 miles from
Ohio, where it operates over the
Ohio,
Equipment obligations;$1,528,369
Mortgage bonds (
——---~~
9,626,000
1943 '
1945wt/' 'i944v^®s-'5A»s';;i943S:?f- ■
.
operating
account
accrued
company,
on
owns,
Junction,
Bloom
Baltimore
Ohio,
Ironton,
to
company
^Common stock __!
Ended Dec; 31—
"
515,736;
the
of
10-year serial notes
securi-
$2,651,557.
LIABILITIES—Trade
Ohio,- to
the largest
\\
'
S.
(■■■?■*<#?
"the
The
stock
—
profit taxes,
value of life Insurance, $19,899; land, buildings, machinery and equip'mc-nt (after reserve fcr depreciation amounting to $568,503), $798,890;
120
was
;
amounting to $5,000), $2,662; postwar refund of
$24,505; inventories, $357,425; cash
cash-.surrender
surrender
'excess
excess
Initial
.
basis of 100%.
on a
by 21 firms; 500
moneys
'/:;y
'
on Its main
*
'
The .operating revenues of the company are derived almost entirely
from movement of freight.
Passenger service is provided only betweeri
Springfield, Ohio, and Jackson, Ohio, a distance of 109 miles, bv one
mixed train in each direction,
daily except Sundays.
The value of
the company properties devoted to passenger service is very small.
received for'
1944 and $
fies and tax notes, $1063,000;-customers' accounts receivable
$132,849;
miscellaneous (accounts and4 accrued'interest-receivable (after reserve
able,
were
;]■■■
capital
the
of
All
;
Ironton,
Detroit
which
of
line
V
tAfter postwar credit of $76,000 in 1944 and $64,000 il
'
,
$88,279
^36,484
150,374
"After depreciation of
in
?^32i494
dividends
Common
!
Bids
or against
which
for
or
approximately 45 interchange points with other railroads
in
oversubscribed
was
"the elapsed time of 5 ipinutes.
RR.
lines
Ohio,
the
^
& Co.
'■
Issued
owns
Toledo,
Jackson,
"Profit from. operations
Miscellaneous income (net)
be
owned by The Pennroad Corp.
: .
'■
approximately 420 miles of railroad.
These
of railroad which connect Detroit, Michigan, and
is
company
'include
treasur
(since
The
.
(authorized
I
I399'Ss^caDttal'smSV0^$8
<
COMPANY—Company was incorporated on Feb. 21, 1914,, in Delaand aqquired the properties of The Detroit and Ironton RR.
arid
v
shall
bonds
mortgage
ware,
...
-
first
deposited under the first mortgage are paid.
first quarter
THE COMMERCIAL & FINANCIAL CHRONICLE
1564
Calif;
Dodge & Cox Fund, San Francisco,
Company
\
Dodge
&
principal
registration statement with the SEC
a
or capital stock.
Mills Tower, San
Cox,
Francisco,, Cal.,
underwriters.
Dominion
'
C-
-.
4
Dumont Electric Corp.—Transfer
$4,376,300
$7,784,064
$8,611,349
342,165
38,122
Total reve*»"c
335,006
235,798
8,565
8,199
Eastman Kodak Co.—-Annual
Years Ended—
and
salaries
Reserv
;
';:"f
113,460
;
incl. refundable
profits tax)™^
5,209,694
493,853
Sales
6,267,699
!
2,595,046
•
to
727,193
_j
$572,189
616,741
$1.31
616,741
'
$1-61
Earnings per share——.
ASSETS—Real
estate,
and
4,8.87,534
machinery
Div.
due
from
Interest
Other
$13,051,967), $6,507,163; investments in partly
owned
book
value, $2,041,578; investments in other
companies at book value (after reserve), $91,805; cash on hand and
in bank, $1,829,992; Government and other bonds and securities (ap¬
proximate market value, $3,765,103), $3,520,919; deposits on tenders,
$83,524; expenditure on uncompleted contracts at standard cost, less
reserve and after amounts received on account of $15,312,041), $3,031,024; accounts and bills receivable after reserve for doubtful accounts,
$2,492,204; stock of steel, supplies' and small tools at cost
(after
reserve), $4,000,241; 2,64a iuliy paid
no
par shares held by trust
companies for sale to employees of Dominion Bridge Co., Ltd., $40,084;
unexpired insurance premiums, taxes and deferred charges, $187,207;
refundable portion of excess profits tax, $1,834,743; total, $25,660,484,
preciation
reserve of
subsidiaries at
-
adj.
to
4,665,242
to
operations
Other
not
U.
379,639
986,533
1,224,276
764,816
S.
——————-i——. 54,630,757
credit
72,996,533
20,602
12,444,621
35,000,000
Transfer
due
.'
from
to
the
for
reserve
wartime
to
oper.
-
35,989
'
..
stockholders
The
and
common
April
on
preferred
each share of
10
shares
approved
V;
proposal
a
basis
the
on
present stock held.
costs
and
nually,
preferred out of
the present
profit for year'
Previous earned surplus
Total
Arnt.
Common
of
five
\
'
•"
156,
stock
-
67,709,912
23,031,310
59,285,619
100,425.544
w—-
!___
The
The
split
to
'
the
Tar
t
the rate
of
$5
Works
Murray,
Manager,
March
on
announced that an
20
Chemical
&
14,237,075
12,380,065
77,236,883 * 67,709,912
59.285,619
$8.85
paid
,
anticipates
that
the
of
and facilities arc available the
15-cent hourly pay Increase to be
materials
if
the
The excess accumulated over and above the amount
increase will be distributed on an equitable basis among
currently.
pay
months' period.
•
'
•
• ;
; V
The proposed, wage increase will now be submitted by the company
to Government agencies lor approval, with a requested effective date ;
of April 1.
The company has also worked out with the factory em¬
ployees a liberalized holiday schedule on a length of service basis up
to seven paid holidays a year for employees with 10 years' servicec.1' '• /
Mr.
Murray further stated that through the combined efforts of..
all the employees Electrolux production Is now well above prewar level
in spite of the difficulties involved in procuring materials and addi¬
per
has
5 Vz '/c
of
the
that
stated
cumulative
the
U.
funds
(AFTER GIVING
'
EFFECT
FINANCING)
;
bonds, series A
.1
pref. shs. ($23.50 par)
Other
Invest,
U.
shares
agreement
'•
,
par)-.
have
and
the
revenues
•
'
1945
—1.
1
2,445,091
Prov.
for
State
taxes.—
profits
excess
income
V
v'
—;
690
'
income
Previous
Refund
3,720,700
2,409,300
650,000 '
627,000
•mai
Interest
on
;
surplus
—_
^
5?-
on
to
1938
excise tax
and
cumuL
Fed.
to
1st
for
From
account
to
.
$9,877,940
connection
,
plant
,
642,585
?
adjustments,^
3,129,427
.2,123,974
: 14,933
—■
tax
per
•Based
on
'1945
reserves—_
facilities—^™
reserve
H
1944
''^943'
$3,31
backlog
under;certificate bf necessity.y1
letter
a
to
of orders
the end of 1945 totaled $10,-
stockholders,
at
Shipley, Chairman, reported
1945 consisted of the company's
B.
Grant
products
;;
required
r
Renegotiation for 1944 is in the process of settlement and a gross
of
$709,000 is indicated.
It is believed, however, that no
refund
will
be
required for 1945.—-V. ,162, p. 2146,
,
.
"
,
*?■; Emerson Radio & Television Corp.-—New, yicerPres.rrr
67,709,912
11,319,935
,y; The directors on March 20 elected Phil Giltig as i Vice-Presldent
charge of the home products division.
He has served with this com—;?
as
pany for the last seven years as Assistant to the President, and
Sales Promotion Manager.
He was Vice-President of Ludwig Baumann & Co. for 16 years prior to joining Emerson.—-V. 162,
p. 1639.
Empire Steel Corp,*-Chairman Resigns, but Will Con¬
as a Director—
'
tinue
James Mi Rill is resigning as Uhairman of the fcoard of this cor¬
poration to become President and Chairman of International Steel
Corp. (Del.), which has been formed "to act as management con¬
sultants and to acquire and operate steel companies, both here and
abroad."
However, he has been retained by Empire Steel Corp. as a
consulant and will continue as a director.
The International Steel
Corp. has set up temporary offices at 44 Wall St,, New
V.
*
■
162, p. 568.
York, N. Y.—
,
.
Eversharp, Inc.—Split-Up and Merger Ratified—
stockholders
of
this
corporation on March 18
approved a
split-up cf the common stock and a plan for merger
Magazine Repeating Razor Co.y; The stockholders of the latter
company approved the consolidation March 15.
The Eversharp management plans to make the plan effective after
the close of business March 30.
Eversharp common stockholders of
record on that date are to receive an additional one-half share of
The
■y
1947-1961 and
three-for-two
with
-Earnings—
1943
'J;;fwi944:y
69,421
$5,263,146
216,794
$5,479,939
5,684,432
:
.
Net
,1942
107,645
$7,913,787
410,036
96,591
;
i
:
$8,323,823
38,296
7,212,138
34,234
352,674
409,208
416,696
7,284,415
year's
Eversharp common for each full share held at that time.
.
The 1,045 outstanding shares of preferred stock of Magazine
_
not
at $100 per share,
plus accrued dividends -and paid for in cash by the surviving cor¬
poration."'
' v'-'
The Eversharp" management does not expect a derivative suit'brougnt
by a Canadian stockholder of Magazine to interfere with execution of
120,112
owned by Eversharp are
$8,833,967
440,019
to be called for redemption
$9,273,986
7,318,951
•
the
38,800
merger
plans.—V. 163, p. 1425.
'
.
.
.
,
400,104
at
Sept.
for
the
refund
of. income
$660,754
$1,516,132
156,173
215,066
12,450
•$495,824
$875,820
$1,528,582
195,000
(Now Eureka Wiliiams Corp.)
.
:
.
$101,141
87,500
contingencies.
profit—
pref. stock..
on
$13,641
•$495,824
$680,820
403,260
403,260
'•:■'•'v
(incl.
Total
$1,066,582
268,840
$67,362
deposit
I
JUNE 30,
1945
escrow,
subsequently re¬
certificates
(market value,
loss, $178,869; total, $16,317,748.
loan
I™™'™..
income
-
Excess
and sur-
$9,232,969
7,968,276
695,197
$7,242,041
5,975,074
eNo
.war
1,014
29,428
■
:
39,710
170,000
$374,509
$444,497
240,919
232.919
.$1.06
$1.91
-
shares outstanding
»
.
75,577
provision for excess profits taxes necessary because of credita
over from prioi;, years.
tAfter deduction of $8,000: for post-
refund.
$ Including
r
583,331
45,233
;
;
—™™—
^147,728
>
456,070
Earnings per share'™---.™^-,-^.' .
.i. $0,82
carried
30,213
$291,248
119,522
Common
'
1943
$7,211,828
dividends
Cash
'
■.
160,000
172,000
—
profit
Net
1944
$9,191,139
41,829
115,000
profits tax...—_™—845,000
(estimated)
tax
LIABILITIES—Demand
loans, $1,180,000; loans secured by sugar,
originally due June 30, 1936, extended to June 30,
1946 (secured by a first mortgage in the principal amount of $750,000
.
$1,608,227;
income
Federal normal income tax
in
equipment;(after reserve for depreciation of; equipment of $425,397),
$542,851; lands, rights .of wav, ma'chiner^, building, rolline- stock, etc.'
(after reserve for depreciation
of $5,665,877), $7,005,026; property
expropriated by U. S.'Govt., $96,972;, deferred charges to profitf and
sales
$12,384,386
Cost of products sold ———9,852.?58
Selling, admin. & general expenses
; 1,131,559
Interest on current debt_™_w-ii—' 59,285
Other deductions
•
'■: 6,775
Loss on disposal of capital assets—
' ———
150,000
134,420
1945
$12,372,140
12,246
Years Ended July 31—
Miscellaneous
leased), $280,383; U. S. Govt. %% war
$200,038), $200,000; accounts receivable (incl. $355,496 compensation
from U. S. Govt ), $872,900; sugar and molasses on
hand, $5,177,157;
planters' accounts, $208,055; materials and supplies, $926,425; growing
cane,
$811,796; sundry mortgages, notes, etc,, $17,315; animals and
.
Co.—Annual Report—
312,000
•$651,997
^'5.
CONSOLIDATED BALANCE SHEET,
1945,
charged to earned
The income tax savings of $1,393,127 for the current fiscal
for prior years on these amounts has been
•28,423
-
ASSETS—Cash
30,
$129,565
Eureka Vacuum Cleaner
'
•Loss.
>
unamortized, cost
Applications
;
for income taxes^.
Div.
$2.75
shares.
.
239,756
profit—
prior
on
for
5,948,312
surplus.
.
$7,863,244
crop
"
year-a^ich pf $11,257,389
earned
company's
■.<
amortization
refund
Net
for income tax purposes applies to the current fiscal
year in
the amount of $3,482,817 and to the fiscal
years 1941, 1942, 1943, 1944
and 'l845hin the amount of $13,251,247 has been
td
after accelerated
2,200,000
12,500,000
6,165,700
ti^3,8"0,66Q ■ f99,040,520
" " 'iL——
19,273,502
.
622,690
189,190
y,
t
received-
Total
$3,605,684
which
credited
1945
94,038
$7,623,488
operations
Prov.
8,781,316
The
-
,
income——
Balance,
•'-r.
The report states that the company has recomputed its
amortization
due to the shortening of the emergency period, and has
off the entire unamortized, cost of facilities constructed under
surpluses.:
Total
Frofit
Cr 1,566
charges,
necessity.
;
-.t
etc.
Interest paid—-ii
Depreciation
$9,232,398 $17,639,747 $13,198,890
2,837,795
4,115,369
3,644,894
share™—$2,49
of
from
Compensation
^v/ritten
certificates
J
($100 par)
328,079
:
——
5
terminated.
1,641,428
77,236,883
i
Cost of prod., mfg.,
"$4^743,062
common
600,000,
3,652,762
75,612,454
92,486
4,952,026
5,531,136
11,377,2976,165,700
...
preferred stock
duced (factory wgt.)^
-
2^672,694
1,248,706
13,865,021
/■
306,658,210 318,825,746
Income
8,396,029
—™_:. $3,721,909
profit
•Earned
cumulative
Prov.
and
operations
•530,133 yv
a
directly or indirectly for the war effort.
Although numerous contracts were terminated immediately after
V-J
Day, the only significant termination was the balance of the
company's contract for submarine electrical propulsion ? equipment
which necessitated
prompt reduction in operations at the Ridgway,
Fa., plant.
However, operations continued at a relatively high level y
ir. the company's other plants, since lend-lease contracts
were not
"
Dow Chemical Co. (& Subs.)—Earnings—
Federal
wartime
.
•?: $8,025,207 $13,422,102
6 Months Ended Nov. 30—
war
taxes
,
end of period.
taxes
to
Years End. June 30—
Total tons of sugar pro-
with
'
•
adjustments—
Amortization of
due
Eastern Sugar Associates <& Subs.)
-
after
per
normal
12,671,039
33,040
-V. 162, p. 3071.
Profit before
6,190,032
—i—
1, 1946; to mature April 1,
1966.—V. 163, p. 309. Y
1944,
^
acquis,
surplus,
dividends payable
dividends payable —
j'v:1Vtl
,
1939
years
(net)'.
——
Dated April
169,329
plant
..Miscellaneous
taxes'
——
first secured V-k% to 3%% serial debentures and $850,000 first secured 4% 20-year sinking fund debentures.
settlement
thereon—
charged to surplus in
reclassification of property;
account
8,180,746
tax
In
1,222,806
16,211,642
6,814,154
49,765,545
——92,486
•'
83,520,620
,784,182.
Eastern Steel Products, Ltd.—Debentures Sold—Burns
Bros. & Denton, Ltd. and A. B. Davidson & Co., Ltd. an¬
nounce the sale in the Canadian market of $1,500,000
1st secured debentures series A, consisting of
$650,000
>>
12,060
„■
incl.—
Amount
From
"
iL
—:
—
——$23,051,659 $23,191,565
«—
- — —~
preferred stock1,375,000
1,375,000
income
1941,
defic.
interest
'
ap-
The
10,211,470
83,203,756
-
.■' *Also
,;;
;■
.
$9,617,496
13,422,102
stock—
common
applic.
years
Earned
i-
corporate income taxes
prior years™
:i-—„
surpms
Dividends
*
■
State
to
Dividends
inch,
V;*y-./.f.-s '7
——_——
earned
of
plicable
;
'S
;
Earned
2,374,969
3,375,000
taxes--—.
495,750
1.742.278
1,782,737
—
charges and
shares outstanding
Common
:
•After deducting reserve for depredation and amortization:' $115,-?
338,643 in 1945 and in 1944, $103,073,502.
tRepresented by shares of
the stated value of $50 per share.
tRepresenting shares of the stated
value of $40 per share.—V. 162,
p. 2816.
-
4,389,776
2,987,000
;
tax—,
7,169,352
—500,602
:
investments
■''V'a
1945
' '
T944
$20,985,700 $27,078,28d y
Calendar Years—
,-'.
Total
—-—-_—__^>„.—i.^-to $l2,621,854 $12,880,375
3,004,358
3,002,434
'■
and
con.
,
.
Income deductions
1
commissions-
Common stock
$12,498,334 $12,749,641
—123,519 »
130,734
income
profit
workmen's
with
Contingencies
6%
,
'
companies not
deposit
;
;
shipments
Net
_
operating revenue
Other- income
sub.
receivables
for
ments
2,504,709
—_
income
Net
66,139,869 *
Workmen's compensation and sundry insur.
■ 1,572,685
\ Intercompany profit in inventories of sub-'
.' sidiary
companies not consolidated
1,900,000
Possible inventory losses and
other adjust¬
"
1944
to retirement reserve—
4,348,054
of.utility plant acqisltion adjustments- 0;#fe?:.69o;;
than Income taxes)—
2,270,475
Federal
14,863,869
;
•
i
'
22,422,152
59,109,900
7,371,297
i^;*'^06,658,2ia; 318,625,746
Common
$43,480,541 $43,897,764 *
14,928,894 15,097,977
(other
Federal
to
on
878,
p.
Elliott Co.—^Earnings-
:.Reserves:?'?V:'^:'.';--;-.:;
442,000 shs.
:
Appropriation
for
adv.
bonds
161,
,•'v.'r ";'',,. y-;V:-■':•}'} {•■-■■j.'/1.; "■■
' •- *
19,786,285
.
credit—U.
Provision
J
-
:
for
in and
Govt,
''J •M;'
.
ui—■■19,251,322
:
Paid-in- surplus L—.n,.a;;.
Earned surplus
'
.
„
expenses
Prov.
Government
facilities.—V.
■J'ir;■ ■
85,370,966
^
Accounts payable and accrued liabilities—-™.
U. S. Gov.—for renegot. of Gov. con.
(net)—
150,000 shs.
^
.
Maintenance'
Prov.
,
tional
25,466,614
,
|^LiABiLiTiEs^^.;'^;:':4i;";;f;if;^r^;?:n^^
com¬
$3,000,000
"
1
22,416,298
cost—92,445,831
at amor,
,
that a large part of the production in
Outstanding'v1
^
450,000 shs.
'
Duquesne Light Co.—Earnings—
Gross
sec.,
,"x.TotaL
PROPOSED
300,000 shs.
Dec. 29, "45 Dec. 30, '44
fi-;,
J
—
S. excess-profits tax
•Land, bldgs., machinery and equip., at cost—
Prepaid insur.; taxes, & other deferred charges
been -deposited, under t a | voting trust
above-mentioned ug,116 shares will also be de¬
12 Mos. End. Dec. 31—'
Amort,
Govt.
—
s
compensation
purpose
/
S.
Post-war
already
posited thereunder.—V. 163, p. 900.;
Operating'
Operating
hand
on
(less reserves)
Non-current
NOTE—Of the above-mentioned 442.000 common shares not less than ;
67,500
and
States
Preferred
,
redeem,
SHEET
•
.Inventories^-;
:
bonds^___—„$6,000,000
(no
•
<
TO
Authorized
„
shares
this
for
$12,833,741 in 1945, $13,-
BALANCE
-
.
Wage dividend payable
:-kr;
;;
serial
S.
banks
United
required to redeem the
shares will be provided from
,
Common
and Canadian
(vtc) shares
preference
shares and from the sale of the
of
$9.15
,
in
and
preference
new
CAPITALIZATION
Curnul.
'
-
,
Cash
funds
The
mortgage
$9.80
CONSOLIDATED
ASSETS—
"r
remaining requirements of
to be provided from its cash resources.
■;,
share
comon
./
^33,164 in 1944 and $13,344,597 in 1943^
~;-v
Co., Ltd.—Preferred
?
a
V-J
amount so set aside will exceed
an¬
;
bankers offered 68,116 common
company
shares.:
Net
F.
gram
5,486,628
•Includes depreciation and amortization
for
shares
•
(VTC) Stocks Offered—Wood, Gundy & Co.,
company's
for
inputs of any compa¬
in both periods.—V. 163, P. 1281.
figures do not include the system
temporary arrangement under which the company has been
all factory employees a reconversion allowance since shortly
Day,
"
'
Under the plan J;he company will set aside a fixed amount for each
Electrolux
vacuum
cleaner
produced.
The company's present pro¬
369.942
acct.
Accounts receivable;
same
the sale
3Vh (/o
above
Electrolux Corp.—Wage-Increase Approved—
after
72,035,626
369,942
17,332,091
stk.
com.
82,316,929
369.942
to
dividends
Earnings
,
new
-
at
are
2221.-'
p..
(no par) at $24 per-share.,
Net
8.6
The
places
paying
22,270,403
49,765,223
Earned surplus at end of year—_
preference shares at par ($23.50) entitled to $1 per share
per annum cumulative preferential dividends.
Net
16.4
9,155
junction with a production bonus plan which presents opportunities
for additional bonus earnings to be distributed periodically.
This re¬
dividends
Common
Ltd, and Greenshields & Co., Inc. in February offered in
the Canadian market $3,525,000 cumulative redeemable
Taxes
14,424
4,000,000
adj.
32,715,632
surplus
transferred
Preferred
authorized issue of 30,000. shares.
an
common
payable quarterly.—V.
Dominion
3Va•%>,
87,745
105.910
A.
ofiset
Net
are 42,500 shares cf $100 par common
stock outstanding out
authorized issue of 50,000 shares and 26,000 shares of 7% $100
an
1st
73,321
96,755
agreement has been reached with factory employes' representatives
for a 15-cent per hour wage increase for all factory employees in con¬
incurred— Cr6,968,864
expenses
There
par cumulative
Dividends on
;
1,1
1946
all employees after a six
Split-Up—
*
%
1,929
rf..:
2,500,000
Decrease
..
Amount
11,477,443
'
Dominion Glass Co., Ltd.—Stock
are
compared with the corresponding week
•
LIABILITIES—Capital stock (513,951 shares, no par), $15,921,366;
for plant extensions and betterments, $1,000,000; reserve for
accidents in erection, $181,358; refundable portion of excess profits
tax, $1,834,743; earned surplus, $2^862,623; dividend payable, $154,185;
reserve
for taxes,
$1,114,556; sundry accounts payable, $2,591,652;
total, $25,660,484,—V. 161, p. 1315.
'
'
'
mon
as
1945
nies not appearing
reserve
"of
Light Co.,
169,806
;
/.
&
167,877
32,500,000
Prov. for possible inven. losses etc.,
;
due to wartime operations ^
:
Power
American Power &
70,420,669
172,823
12,848,000
V-rt
j.—.J—_^
and for. inc. taxes—
excess-profits tax, less post¬
\
EJec. Power & Light Corp.—
National Power & Light Co.
175,978
:
'
1946 the System inputs of client oper¬
Operating Subsidiaries of-—
Light Co.
1,866,264
626,468
•272,084
consol.
States
war
Inc.—Weekly Input—.
of
during 1945, were as follows (in thousands of kilowatt-hours);
67,751,959
—
—
a
to
..
70,735,357
52,742,013
_^y' 16,000,000
charges
United
registration
for
par),
.
?
,
($4
companies
tional
————
income
Total Income
,
such
subscribe,
Ebasco Services, Inc., which are subsidiaries of
American Power & Light Co., Electric Power & Light Corp., and Na--
ating
■
,
6,968,864
——' 522,572
sub.
which
on
to
stock
Ebasco Services
5,043,197
!
the
wartime
_
income
date
right
.
'241,790,977 232,937,406 201,292,435
allocated
for
from
^
becomes effective, shall have
period of not less than 14 days, for
the extent of 1 share for each 4 shares
£ held. The subscription price Is to be determined shortly before the
offering is made.—V. 163, p. 1425.,
fthe
common
For the week ended March 7,
operations
(after de¬
equipment
and
later
301,501,854 .303,672,763 269,044,394
expenses
expenses
reserve
$929,060
616,741
$1,81
BALANCE^ SHEET, OCT. 31, 1945
plant,
consol.
1
Income
CONSOLIDATED
not
•Cost of sales and
1,217,709
$829,712
—:
Dividends paid
sub.
:",i
J
•
:
Manufacturing Co.—Rights to Subscribe—
296,614,320 299,007,521 264,001,197
Total
Cost
profit
-X
and fees
Eaton
Contingent upon effective registration under the Securities Act of
1933, and the making of an offer by the company, holders of common
stock of record at the close of business on March 26, 1946. or such,
1,605,127-
916,551
(contrib. in respect of
employees' past service)—.
Net
•
Dec. 30, '44 Dec. 25, '43
\il:$ -•'
Dec. 29, '45
.
V" '
sales
Net
po'^on of excess
Deprec. of plant, machinery, etc.—
Pension fund
111,493
110,783.
™™™_.
^
Report—
(Including Subs, in United States, Canada, Mexico, Cuba, Panama, and
-vi-:■-\
South America).,'
•
:
for taxes)
5
,
-CONSOLIDATED :INCOMEACCOUNT
$8,915,346
$8,127,635"
$4,756,587
jxecutive
Agent—
Trust Co., New York, N. Y., has been appointed trans¬
of the common stock.
See offering in V. 163, p. 1424.
" V,
fer agent
1943
'
.legal fees
and contingencies,
$182,703; purchase money mortgages, $50,000; preferred shares (par $iy, $107,736 common shares (par $1),
$143,517; capital surplus, $7,194,378; earned, surplus, $4,206,509; total,
$16,317,748.—V. 163, p. 650.
\
The Colonial
1944
sale ol equip. & bonds (net)
Claims
.
-
1945
1
:
-
Revenue from invert»nents_,___-___
Directors',
certain properties of the trust), $739,875; accounts and accruals
payable (including mortgage installment of $12,500, due Dee. 31, 1945),
reserve for Puerto Rico Income taxes, $102,592; reserves for
on
$802,121;
^
Bridge Co., Ltd. (& Subs.)- -Earnings-
Profits from contracts, int. & exch.
and miscell. income.™-.L_-;
on
designated as
are
•
Years Ended Oct. 31—
Prof,
With
•
March 18 filed
on
for 17,o00 shares
filed
.
,
Wjth -SEC—
Monday, March 25, 1946
the Bureau of Internal
■Revenue.
'"
• k"
>
' V.;,, ./.>
1 1
In completely amortizing the, cost of these facilities, no effect has
been given, the report adds, to any residual value of such facilities
resulting from their possible future use ih the production of peacetime
products.—V, 162,' p.,-2269.
Registers
—
prior years have been
for
taxes
■
$1,682,610. upon termination
,
of war
,1s
>,v.
contracts.^
t
t
depreciation and amortization* of Emergency
facilities additional amortization of $45,413, applicable to prior years,
NOTE—Provision
for
%
Volume
has
in
f
been
THE COMMERCIAL & FINANCIAL CHRONICLE
163 ' Number 4475
•
separately
deducted
table
above
in
amounted
1945, $80,990 in 1944 and $71,970 in 1943.
•
June
4,
1945, the merger
of
common stock from 560,000 shares, to
1,200,000 shares, $1
value, and to. split the presently outstanding common stock on the
of two shares of the new for each single share of the old.
Dis¬
tribution will be made, on. or about May lo, 1946 to common stock¬
authorized
$104,178
to
the
•
of
CREDIT AGREEMENT
BANK
•
•
for
period
its
ending
31,
1946,
amount
ithat
will
'$75,000
July
at
the
end
of
its
of
50%
surplus
for
in
renegotiation
ended
31,
July
fiscal
its
for
$114,526
of
The
of
refund of
profits
on
the
the
of
(I.
G.
share
mon
stock
of
common
of
I.
stock
of
Williams
(245,000
shares
at
$5.66
remaining
183,302
shares
stock
of
$3
record
A
the
listing
-
$1
:
able.
be
■
shares
and
l/800th
of
of
in
the
lieu
stock
thereof
stock,
common
and
stock
A
common
at
shall
and
cents
10
each
and
A
common
be
entitled,
Daid
St.
fully
cents
on
G.
$80
stockholders
on
paid
com¬
each
stock
property,
facilities
plant,
(after
$184,650
for
Charges,
and
equipment
for
reserves
$193,309
for
total,
record
emergency
amortization
including
facilities
$1,007,854), $1,270,093;
$12,634,095.—V. 163, p. 309.,
emergency
$234,873;
including
depreciation
deferred
and
?;
are
.
See
bonds,
holding
will
than
also
-
Paramount
stock,
par
common
March
Richard
similar
A
16.
100%
stock
quarterly dividend
$1,
payable
distribution
distribution
April
*
;
'
v;
-
INCOME
(Not
,
STATEMENT,
including realized
7
■
7
/,
1
and
or
,
■
"
1
YEAR
Total
'
unrealized. gains
DEC.
f " The company filed on March 19 with the SEC a registration state* M
'tnent covering a maximum of 150,000 shares of common stock which?are
to be marketed through an underwriting
group to be headed by 7
Brothers.
would be
v
The
used for the
facilities
from
proceeds
the
sale
of
the
common
Net
7
stock
acquisition and construction of additional plant
and equipment.
Sells Preferred
4.
,
DEC.
31,
,
$222;
reserve
162,
Month of January—
i77
•
Railway operating revenues
Railway operating expenses
1946
,
.
railway
accruals
tax
rents
7.-.---..-7
There
the
and
record
number
balance
Jan.
7,
3,802
stockholders
1,488
$9,624
163
quarter
6,000
1,579
Other income
1952
17,854,400
17,854,400
1,
1960
25,000,000
1,
1970
-*
' 35,000,000
.7,—30,000,000
C,
5
due Jan.
1,
1973
14,154,900
14,154,900
D,
4>/2%
due
1,
1976
14,508.000
14,508,000
M,
3»/2%
1980
$6,543
of
General
of
Motors
The
15.
v7 $6,582
1,248
fixed
1,569
charges
1,438
77
or
represents holders
These figures compare
and
21,966
preferred
V' 1426.
1,960
due Jan.
1,
P,
due
Jan.
1,
Jan.
1990
37,500,000
due
Jan.
1,
1,
2000_
37,500,000
Q, 2% %
due Jan.
1,
for
the
2010
V;'.'"-
of/*
Total
Interest
V-
Net
after
fixed
funded
on
charges——_
debt—conting. interest-.
•■;
$6,780
y#fr\ 2,260
2,259
r,>
-
Total {funded
...
Preferred
19,380,256
,
capital
Fractional
debt-i.—
:
Total
•
stock
Scrip
First
Goldman,
Sachs
/Smith,
Kidder,
-
Loeb
Lehman
&
miscellaneous
W.
E.
7
L.
:7? $4,520
income
Depreciation (way and structures and equip.)„
163, p. 901.
—V.
$1,115
■;-77;' 3,269
2,980
':7 ?;7 '
Food Fair Stores, Inc.—To
The directors have
four-for-one
basis,
it
operating revenues
—V. 163, p. 1427.
7 "; '"7
Split-Up Stock—
See
163,
P.
proposed that the common stock be split-up on a
was announced on March 20 by George Fried-
902.
'
'
Trask
7y 420,000
:
The
preferred stock of
with 403,691 common
&
Co.-
Alex.
>
Blair
Brown
&
L.
h 420,000
Net
sales
^—__
1944
1946
$48,135
-
taxes
—2,043,426
income and exc. prof, taxes
1,099,332
Net
Profit
Number
of
$427,710
shares,.^
701,344
■
•
$433,543
&
Redpath.;
Co.fcU_..~../;.^..^.77
Co..
sales
'
Earnings per share—.
163, p. 902.
Earned
per
♦After
1945
•
•
shares
7,972
300,000
share..
charges
investment
1943
& Co. on
1,435,016
$0.02
and Federal income
$544,316
700,000
$0.93
$0.78
—V.
Shares
The
on
New York Stock
stockholders
on
March
19
Exchange—
approved proposals
..
77 175,000
175,000
175,000
;
175,000
205,000
205,000
7;; 175,000
175,000
205,000
:
Co.
,7
205,000
^
205.000
^
•
■
175,000
205,000
175,000
205,000
Co....^.........—.....
'
—....
205,000
205,000
205,000
205,000
205,000
175,000
•
.
175,000
175,000
175,000
175,000
.
175,000
175,000
,
205,000
175,000
Boyce__._.__.i._r:..__...
205,000
175,000
Co., Inc._._^.__—_-.-i.j-'—...—
205,000
-—,7
&
&
taxes.—V.
163,
p.
52,912
300.000
"
.
$0.17
71.
,
to increase the
—
?
Bonds Offered—A nationwide
headed by Morgan Stanley
March 21 offered to the public (subject to In¬
group
approval) two issues of
total of $75,000,000 and consisting of $40,000,000 of 2%s, series P,
due 1982, priced at 101.14 and $35,000,000 of 2%s, series
Q, due 2010, priced at 96.25„plus interest in each case.
98,071
bonds of
a
combined
winning "basket" bid was awarded March 20 at a
for the series P bonds, and a similar price for the
price
of
series
Q
bonds.
Walker
F.
J.
M,
First
&
175,000
Boynton
Dain
205,000
StubbS..——i-.—
&
&
175,000
7
205.000
125,000
125,000
125,000
175,000
7.
105.000
105,000
105,000
105,000
125,000
Corp.__^___^..^^l-.V--
175,000
175,000
205,000!
Co.__..r..__.ii;.___./.u-'
& Co^T——
& Co., Inc4—.-.-ii—v—
Michigan
of
205,000
Co.—
Co.._._i_.!—
Whelen
Biddle,
H.
Weeks
Witter
Dean
:
Corp..
&
4
Nolan
Folger.
J.
B.
Inc
Hilliard & Son--j___-_^...,.^:..
Lemon
Johnston,
&
Co.
Kirkpatrick-Pettis
Co.
Mason-Hagan, Inc.
A.
W.
Masten
E.
H.
&
Son
105,000
125,000
105,000
125.000
105,000'
125.000
105.000
125,000
125,000
105,000
125,000
125,000
105,000
—-
.....
&
Co.—
Harold
Wood
&
Co..—
Co._
—
Co.
&
&
...
163,
p.
...
—.—_—
'
...
Boettcher and
—V.
105.000
—
Cook
Yarnall
105,000
125.000
—_____
,
Newhard,
E.
125,000
125,000
—,—
Co.__
Newbold's
^
Company..
1427.
—
80,000
105.000
105.000
t
-70,000
Globe-Union, Inc.—Transfer Agent—
The
Chase National Bank of the
City of New York has been
appointed transfer agent for the capital stock, $5 par.•The Guaranty Trust Co. of New York has been appointed • co-regis*
trar for capital stocfo—V: 163, p. 1158. •'
.
Bidding for the issue separately, Morgan
ates offered 99 for series P bonds with
series Q bonds with a-23A%
American
H.
Whiting.
1944
$344,238
terstate Commerce Commission
The
Froedtert Grain & Malting Co., Inc.—Common Stock
Split ..Approved—25-Cent Common Dividend—To List
•
banking
general mortgage
700,000
$1.34
175,000
205,000.
205,000
&
Swiss
G.
-p.—$153,080
—
...
profit —
Number of capital
1,979,332
$652,524
380,000
175,000
205,000
Co,.^.{...._.._i._
&
Bros.
Stroud
7
-
; 7 175,000
205,000 7
Phelps, Fenn & Co._____.—
Piper, Jaffray & Hopwood——.
Stein
'
205,0007
Inc.....
&
420,000
205,000 7
.....
Sons
Milwaukee
Riter
v
Michigan Die Casting Co. below.
Quarters Ended Dec. 31—•
1,679,604
.•>
380,000
Co,
Company
Turben & Co.._____.^—
Putnam
♦Net
2,332,127
$944,094
common
380,000
?
&
Maynard H. Murch & Co
>;"<'* 1945
Gleaner Harvester Corp.—Earnings—
Net
$13,052,920 $11,998,013 $10,210,859
Earnings before
Federal
77 380,000
420,000
&
&
380.000
.
420.000
Shepard and
Miller &
Merrill.
Jan. 1 to Mar, 7
380,000
420,000
Co.
Burr,
Day
Hawley,
Hayden.
r
The
j
380,000
420,000
Co
Parker
;
380,000
420,000
7
Co....
&
Whipple
William
1945.—
380,000
420,000 7
.
Wisconsin
Bacon,
Operating Revenues
$59,000
___
Great Northern Ry.
1945
380,000
,
Co
&
&
Auchincloss,
of
■
,
Corp.—Earnings—
1
380,000
.
R.
..
6 Months Ended Dec. 31—
380,000
420,000
i7
&
Anthony
J.
Franklin Stores
380,000
'
land. President.
! This proposal is subject to action
by the stockholders at the annual
meeting on April 30, when the question of increasing the authorized
common from 750,000 $1 par shares to 2,500,000
no-par shares will be
considered.
If approved
by the stockholders, the effective date of
the proposed stock split will be as soon after
April 30 as is practi¬
cable.—V.
380,000
420,000
7.
Tucker,
Gerity-Michigan Die Casting Co.—Successor—
.
_
745,000
77 745,000
Co.—
Weld
745,000
.
845,000
...
Co
&
Spencer
White.
745,000
,
420,000
420,000
Pierce, Fenner & Beane.../;
Rothschild
{/■Shields &
745.000
/
845,000
j
Inc
Co
Pressprich
F.
1,670,000
845.000
7
Co
Co.,
Weeks
Lynch,
W.
845,000
Co
Hutton
Merrill
1,670,000
420,000
&
&
1,670.000
1,670,000
v
845.000
,
Corp
&
Republic
Hornblower &
1,670.000
1,670.000
v,
i
1,910,000
7
Co
&
Moseley
Dodge
1,670.000
1,910,000
Corp.
7
Estabrook
preferred
of
1,910,000
1,910,000
Equitable Securities Corp
taxes,
1,910,000 7
Co.^._.._.__...^.^._.
Noyes
1,670,000
1,910,000
1,910,000
.....
Corp—
&
Higginson
S.
Clark,
•j,
$2,271,961.—V.
quarter
Co.....
Securities
&
Forgan
Central
7 1,670 000
Corp.
Co.^..7^..i;i
Webster
Hemphill,
Lee
&
1,670.000
1,910.000
1,910,000
Inc
&
Glore,
F.
Co.,
•
Securities
Drexel
,
1,910.000
Co._-_l.i-__.^..'-.
Securities
Union
*
&
$1,670,000
1,670,000
1,910,000
^
Co...
&
Brothers
Barney
Stone
&
$1,930,000
^
Corporation..
Ripley
Peabody
' v:
1
Boston
Harriman
i
Mellon
-
Series P Bonds Series Q Bends
.
Morgan Stanley & Co
Blyth & Co.,
1944
;
2,930
2,930
_i..l_;._.^.513,736,106 513,736,106
.
'
,
securities,
on
shares)
capitalization
PURCHASERS—Names of the purchasers of the general mortgage
bonds, Series P and Series Q, and the principal amount of such bonds
which they respectively have
agreed to purchase are as follows: •
Corp.—^-Weekly Output—
Week Ended Mar. 7
1946
1945
19,380,256
240,897,556 240,897.556
shares).— 272,835,620 272,835,620
(3,092,543
((39V2
■ ■■
Co¬
37,500,000
221,517.300 221,517,300
Obligations
output of this corporation for the week ended March!
amounted to 119.847,894 kwh., a decrease of 3.271.272 kwh„
The
Illinois
Co..
below that for the corresponding week of 1946.—V. 163,
p. ; vKalman & Co., Inc.__
v-;
Laurence
M.
Marks
&
Period—'
37,500,000
35,000,000
.
Georgia & Florida RR.
$3,374
-
40.000,000
McDonald
Income
~
'
35,000,000 "
Bonds
Equipment
109,294
fourth
'
1982
due
Series
2%%
3Vb%
O, 3Va%
$108,805
and
July
N,
Coffin
electric
1946,
2.7%,
%
.
Series
'
income.—
due
Series
$126,471
total,
common
22,021
1946.
General Public Utilities
39
'
from
Series
.
V. 163, p. 1426.
'
$9,787
Miscellaneous deductions
Total
1,
5>/2%
Series
1945
$824;
31,
Jan.
:..
stockfor the first quarter of 1946 was 425,638, compared with
for the fourth quarter of 1945 and with 423,705 for the first
of 1945.
I t*
<•
were 403,617 holders of common
stock of record Feb. 14, 1946,
i; 425,657
$74,940
57,107
57,900
4,000
3,939
total
& holders
1945
$77,042
^
^
Railway tax accruals—Federal income tax—
Ket
tax,
comparison of the capitalization
1945 with its capitalization after giving
a
due Jan.
due Jan.
v.
General Motors Corp.—-Number of Stockholders—
Fonda, Johnstown & Gloversville RR.—Earnings—
Other
income
Dec.
B,
♦99,047
accrued
-
Series
672.
p.
The
*
Federal
$15,303;
;
K, 3»/8%
L, 3%%
R.
par).—V. 162, P. 2491.
'
for
income,
:
Series
owned,
undistributed
bonds.
Series
The net assets of the
$508,604;
K
.
,
the sale of the 25,000 shares of preferred stock
and the 150,000 shares of common stock the outstanding capitalization
of
the company would
consist of 100,000 shares of $4 cumulative^
preferred stock (no par) and 1,183,921 shares of common stock (no I
Series
Series
'
After giving effect to
$30,000,000
1946,
Series
v:
Kuhn,
SHEET
July 1,
to
$100,292
Including $113,397 paid from capital gains.
before
,
<k, 17,665
.
or
the present refunding:
/. •
:
•
•
"
'
Principal Amt. Outstdg.
77 ' -'77V?7Present
..'"v.".
,:;7'< 7?7; '•
V-77 .Vv;
Dec. 31,'45
Refunding
General Mortgage Bonds: '7
i
$
$
s
18,738
,
-
3Va%
as of
company
effect
;
,
-
the
$119,030
BALANCE
—
mortgage
on
L bonds, $35,000,000 general mortgage
$10,000,000 (out of $35,000,000 outstanding)
company
The
paid
redeem
Series
7v7-'
Trust at Dec. 31, 1945 based on market values
The company an¬
amounted to $2,270,916 or $6.20 per sha,re.
>
f.
nounces that it had recently sold privately through*;
.-i ASSBTSr-Becurities owned at quoted market prices: (Cost per book
Lehman Brothers 25,000 shares of $4 cumulative
and for Federal income tax purposes was
pre¬
$1,498,565) bonds, $397,994;
ferred stock (no par) at $111 per share.
The proceeds ! preferred stocks, $911,350; common stocks, $697,825; total securities,
from the sale of the preferred stock will be added to % $2,007,169; cash in bank, $248,909; dividends receivable, $10,829; ac¬
cented interest on bonds, $5,055; total assets, $2,271,961.
: the working
capital of the company and will be avail¬
C
LIABILITIES—Shares of beneficial interest (par $1)
$365,7^; capi- able! for general corporate purposes.
tal surplus, $1,381,257;
unrealized appreciation of securities
Issue Privately
3%%
bonds and
,
'
*Not
retire or
mortgage
,
'
,
1945
income
ids
Dividends
to be received by the company from the
($73,553,250 exclusive of accrued interest) together
by the company to the extent required,
■
capital expenses),
expenses
Railway and Northern
stock of the Chi¬
capital
provided
CAPITALIZATION—There follows
of
last.
2,
1945
31,
losses
or
income
Total
Flintkote Co.—Registers Common With SEC—
Lehman
Jan.
Report—
ENDED
the
the company
15,
;
r
.
used to
Northern
of
proceeds
be
E.
General Investors Trust—Annual
Great
value of capital stock of the Burlington owned by the company.
general mortgage also is a first lien upon all equipment owned by
and is a lien upon the company's interest in equipment
held subject to qeuipment obligations.
'
the
,
*
Pictures; Ino.i below.^V.j 163, p. 463.
holders
to
2
on
Oct.
on
,
cents per
15
of
made
was
made
New
900 par
Laux, Executive Vice-President of General Instrument
Corp., of Elizabeth, N. J
has also been elected President and a di¬
rector of the F. W. Sickles Co., of Chicopee, Mass., a.wholly-owned
subsidiary.—V. 163, p 1284.,
777 \ 7,r:'77>: -'v. '7;
.
,
>
a
of
States
The
80
800
declared
the
.
avail¬
not
less
New President of Subsidiary Elected—
77
redemption June 3 of the first mortgage
<
have
in
the opinion of the general counsel for the company,
mortgage Is a first lien (subject to customary minor en¬
cumbrances) upon approximately 95% of the 7,865 miles of ra'lroad
owned by the company and upon $82,933,700 par value of the
$83,017,-
share of such
per
paid quarterly cash dividends of 25 cents each.
(no 7
par) was sold in the Canadian market March 12 at $15
per share by Wood, Gundy & Co., Ltd., Greenshields &
Co., Inc. and associates.
,
7 Proceeds will be used lit the
the
Prior, to* the
Famous Flayers Canadian Corp., Ltd.—-Common Stock
Sold—An issue of 375,000 shares of common stock
4Va%
directors
fiduciaries
for
SECURITY—In
General Instrument Corp.—I5-Cent Common Dividend
on
and
owns
the general
'
The
to
Series M
general
share
accrued
share
be
general
surplus
interest), $1,182,583; trade accounts receivable (after 7
reserve
of $40,000),
$1,653,629; claims under terminated war con¬
tracts, $1,747,351; refundable portion of Federal excess profits taxes,
$77,403; inventories, $5,363,029; cash surrender value of life insurance, 7
$121,783; miscellaneous other assets, (after reserve of $31,254), $25,233; 7
the
from Lake
to the Pacific Coast.
funds
3'/2%
year,
and
by
Commission.
Island,
these bonds
of
will
G.
$1
Rhode
PURPOSE—The
of
A.
of
common
Chemie
of
Commerce
Railway each owns 48.59%
Burlington & Quincy RR.
with
,
.cost
In any series of
or
approximately 7,865 miles of road serving
Superior and the twin cities, Minneapolis and
Paul,
sale
Stock
$104,980;
Earned
the
,
1947, payable in cash
INVESTMENTS—In
and
cago,
Exchange.
The corporation has received cable advice that on
balance at July 31, 1945, $1,204,558.
w..,i '*7)7
March 12, 1946, the quotations for the
balance at Aug, 1, 1944, $1,287,207; net profit
fully paid common stock were
7356 Swiss francs bid and 359 Swiss francs asked.—V. 163, p. 192.
$374,509; total, $1,661,716; cash dividends paid, $147,?
728; excess of par value over proceeds from sale of 1,000 shares
of treasury stock to an officer at $3 a share under
option agreement, •:
NOTE—-For mechanical reasons it is not alwavs
$2,000; balance at July 31, 1945, $1,511,987.
'
'
possible to arrange companies in exact alphabetical
BALANCE SHEET JULY 31, 1945
order.
However, they are always as near alphabetical
f
ASSETS—Cash, $958,118; United States Government securities (at k
position as possible.
/ 1
1
>
(2)
for
v
aggregating
$750,000
annually
(so
Q bonds are outstanding), contingent upon
and
P
Pacific
30
stock
lieu
in
the
of
io
rate
Interstate
territory
shares of common B stock will
Williams,
$772,481;
amount :
credited
to
receive their dividend in full in cash,
capital stock account
(equal
to par
value of
shares
TJnless by the close of business on April 15, 1946, the stockholder
issued), $458,255; amount credited to capital surplus, $314,226; pro- . :?
ceeds
advises the Treasurer of the corporation that he desires to
(after
underwriting commissions of
$153,125)
from
sale
of
receive his
dividend in stock of I. G. Chemie, the
1122,500 shares of common stock, less amount (equal to par value;,
corporation will pay the full
of $612,500) credited to capital stock account,
dividend to which he is entitled in cash.
$995,313; total, $1,309,The stock of I. G. Chemie is traded on the
539; deduct expenses in connection with merger and sale of common
Zurich, Switzerland,
stock,
both Series
COMPANY—Company
Dis¬
Unternehmungen
of
I.
of
the
all
issue?
Jersey and Pennsylvania.
on
Julv 23 and Sept.- 24.
of the fully paid
7'7 77777;77?7-7
common
lieu
tl\e
2%s.
as
both
the sinking fund on any interest payment date,
ccqpyear, 1947,- initial redemption prices being 106 V»%
%, respectively, for Series P bonds and 101'A % and 100%,
LEGAL
vania
stockholders otherwise entitled to such fractions
in
bonds
for
ISSUANCE—Issue and sale of these bonds subject to authorization
stock
B
1946.
25,
share
,
shares
he
Chemiche
shall be
l/80th share
stock,
Chemie
G.
stock
cash
in
paid
fully
of
I.
B
Therefore,
paid
A
common
for
99.419
Q
98.419
with. the
as
:
,
which
fuer
series
the
offered
of
earnings commencing July 1,
of
share
per
of
and
the
on
Switzerland,
Chemie.
G.
..^Fractional
a
Basle,
for
group
opinion of counsel these bonds are
legal Investments for savings banks in California, Maine, Massachusetts,
Minnesota, New Hampshire, New Jersey, New York, Ohio, Pennsyl¬
common
March
stock
paid
of
the
on
March 29,
on
was
to
Gesellschaft
of
of
of
of
stock.
dividend
cash
Chemie),
each
Capital .surplus capital surplus arising from merger of Williams
Heating Corp. with and into Eureka Vacuum Cleaner
(continuing corporation)
as
of June 4, 1945, $314,226;
assets,
less liabilities, of Williams at date of merger, $2,167,943; deduct cost
shares
last,
B
common
share
common
made
were
24,
dividend
a
per
holders
the
on
stock
Dec.
Internationale
(1)
246,698
authorized
stockholder who shall signify in writing to the Treasurer of
corporation not later than April 15, 1946, his election to take,
lieu
in
Co.
share, and 1,698 shares at $5.16 a share), $1,395,462; afnount applicable to 91,651 shares of common stock issued in exchange for the
to
offered
associates
99.919
this
respectively, for Series Q bonds.
Non-cumulative, sinking
fund
to be outstanding subsequent
outstanding 426,787 shares (par $1).
cents
and
Inc.,
and
dated Jaaa-ly-1946; interest^ payable Jan. landJuly 1
Redeemable ,at the option of the Company x>r through
are
103 '/a
long
Any
the
Oil-O-Matic
of
each
$1
on
10
Co.,
2%s
"basket,"
general mortgage bonds.
has
declared
18
and
1946
22.
of
while
March
on
&
as
the
City.
mencing
and
Film Corp.—Distribution—
&
Y.
operation
(par $1)
presently
for
Bonds
N.
777
the common B
cents
J
-
,
the
stock
A
April
1945,
•
'
of
directors
common
on
1944.
SURPLUS ACCOUNT YEAR ENDED JULY 31, 1945
Exchange
Stuart
bonds
P
2%s.
as
1946,
-
Stocke
1426.
p.
tributions
was
of the company for the
Oil-O-Matic Heating Corp.
Williams
.
;
\
split-up
The
the
contracts
war
or
1945.
York
General Aniline
The profits on war' contracts
of the company for the year ended July 31, 1945, and of Williams
Oil-O-Matic
Heating Corp. for the
period
from Nov.
17 1944, to
June 4,
1945, are considered to be reasonable and on provision for
>
renegotiation refunds is believed to be required,
\
7:7
V
the
to
—v., 163,
year,
and (3)
which will exceed
to that date.
At
free from restriction
was
31,
New
853,574 shares of common stock
such
CONTRACTS—No
of
1944,
ended Oct.. 31,
year
Oct.
on
the company will not permit
$2,000,000 increased at July
subsequent fiscal year by an
earnings
15,
'
payable
RENEGOTIATION OP WAR
year
each
net
April
will be paid, on April 30, 1946, to stockholders of record
15, 1946, immediately preceding the stock split. A like amount
paid on the comon stock on Jan. 31, last, and in each quarter
during 1945.; A special dividend of 15 cents per share was also paid
dividends after July 31, 1944,
of the net earnings subsequent
1945, earned
the agreement.
required
that
business
was
below
pay
31,
under
(2)
decline
to
30%
to
not
plus
1948,
assets
and
equal
it
30,
June
current
net
of
dividends
RELATED RESTRICTIONS—The
AND
close
at
addition/pursuant to action of the board of directors, there will
be paid; a cash dividend equivalent to 25 cents a share on the
prior
common stock and
a
regular quarterly cash dividend of 55 cents a
share on the outstanding $2.20 cumulative preferred stock.
Both cash
April
(V loan) relating to notes payable to banks provides
credit in the maximum amount of $5,000,000 for a
bank
record
of
In
•
credit agreement
(1)
Bidding
holders
the merged companies at that date.
The
profit and loss statement includes the results of operations of the
Williams Oil-O-Matic Division only for the period since the date of
merger.
The net profit of Williams Oil-O-Matic Heating Corp., as
shown by the Tecords of that company,'amounted to $93,644 for the
period
from
Nov.
1,
1944, close of
its preceding fiscal year to
June 4,
1945.
v-"
<
'
' 1 •
position
series
basis
Oil-O-Matic
Heating Corp. with and into Eureka Vacuum Cleaner Co. (continuing
corporation) was consummated. The balance sheet at July 31, 1945,
reflects
Halsey,
par
*
- ■
Williams
NOTES—On
1565
coupon.
a
Stanley & Cq. qn4 associ¬
23A% coupon and 98 for the
^7- 1 V--'r *
t
Accounts' -1 payable'
53 Week?
52-Weeks/
Ended
V « :Ended y
Mar. 2, '46
Mar, 3, '45
$55,384,280 $50(130,957
,
,
Period
Sales
,
taxes
186-024-
and: state taxes
,
on
"
'
1944
" 1942
1943
■
.
..
"
•
.
.
.
,
-
-1—; $18,933,696 $17,480;4S0
Total
r
$30,736,553
reyeaues—$34,016,223' «33.TH,242 $34,146
Freight
■
2,237,103
1,917,287 v .^as have,been,-- nqededf from time' to? time in ordqt^to- carry^ op • titia
work ,in .process, and contracts, transferred)
41,783
32,451
'■..'* T' ^
'
700,000
700,000
Upon completion :of this financing the- outstanding capitalization- of
3,730.000
3,750,000
Athe.company will consist of 1,200^000 shares) ($t par) common stock
out of an- authorized issue of 2,000,009 shares.
1,422,975:
1,422:975 :
Of-vthe^'txdal'ishare^
8.847,253' !+T,77Q,645:
.outstanding; 300,000'are to be issued to Higgins Industries, Inc;,
Drl92,l75 r ^together with a cashi payment! for the transfer; of assets. ' ' V '*
Drl92,175
«
i
Higgins, Inc. expects .to offer a< complete line* of pleasuret boats *;
incomes-
n
'
1945
$1,234,063
576,072
'
259,820
.
Softly
Monday^ March 25*' 194j5
1, 1946, and the - balance • of the assets.. to .be transferredi.under :. theagreements- *re! th'A be transferred" on -or before f the»date^ on 'Whiiriv .the •
payment is to be .made>for thershares 'of stock offered, td fhqrr^hiSd,
:
Higgins .'Industries ? has • advanced •:to the r company suoh> amounts
'
$r,383;r66;;
stockholders' interest—a~a—„
■Reserve for' contingencies .r-——'—Ay—•*—rCommon stock
(par $10 >eaqh)—.Ar
.''Capital 'surplus .-4—...—Aaaa———aw~aAaaaA~
'Earned
surplus
L—a————a——a———A
Treasury stock (19.,2l7ya shares at par)—a—
i:,
.
V;.
,<
Minority
Report—
FOR CALENDAR YEARS
INCOME ACCOUNT
v,
-
:—_ —■ - ± - a~ J-Aa—-
wages, and rents———..:—a*
(other than taxes on incomes)-.
for Federal
•Res,
j'-'
—
salaries;
Aocrued
Accrued
" .\7"'♦
"*""903""
163< p
Gulf Mobile & Ohto ER.—Annual
LIABILITIES—
.
.
for Year Higher—
Grand Union Co.^-Sales
-^V.
FINANCIAL; CHRONICLE
THE: COMMERCIAL, &
1566
'".'After
wide variety of commercial -craft, largely./Of:;steel.
a
ramt^. type' -craft, cargo;
fordoubtfulbalftnces and discounts:-):? After reserver ..construction,)' including tug' boats, • barges,
.carriers under 2,000: tons, dredges, exploration craft tbr oil
companies,;
.
fishing boats,, eto..
;
The company also will make an automobile camp, frailer: of- special
reserves
of $2,635,579 in 1945 ;and $2,586,821 in* 1944.—Vv 162,
for depreciation
1282.
p.
in addition,
and,
.
JS fScl^rev.1 (net)!!
7)402
21279
'
Dr6,484
>4,257
'
$37,736,686 $37,858,695 $33,173,151
ry,. oper. rev.4-, $38,080,032
<■4,509,984
6.663,631 .<■5,866,663
Maint, of way and struc. *
8,278,066
<■4,968,039
;
*6,010,379
6,429,565
'Maint./ bf equipment—8,383,973
1,047,947
1,060,647.
995,479
-Traffic—--—«—•—1,147,877
8,938,161
Transportation
———
11,234,068 10,397,786 10,298,459
95,886
168,540
•155,719
Miscellaneous operation146*£j3
1,114,9(15
1,315,327
1,310,072
•
.
has
company
•
.
.
,
1,525,741
expenses—--:-
'
.
.
.
General
.design consisting of a light-weight.'metal bpdy;approximately seven
feet six inches. long by ' five feet ten; inches; wide and
eighteen and
filed a registration statement with the SEC •' .three-quarters inches high. The trailer contains a: t'ent:so construoted
for $2^20.0,000 first- mortgage bonds which will be sold at competitive
that, when the trailer covef is lifted^, the tent. raises,- -producing a
bidding and the proceeds applied to the redemption on. June--ir 1946,
complete camp outfit with sleeping accommodations, for- four .persons
:cf a like principal amount of outstanding'"••'5'%
first mortgage bonds.
>nd other necessary equipment. These' trailers will, be sold, largely
The company, a subsidiary of Hniled Gas Improvement Co., will use ;. ,
thru existing distributors and/or, dealers' in
automobiles^ automotive
•general funds to the extent necessary and to pay accrued interest,— • ♦produpts >and farm implements.
/
V. 163, p;-1427.
'. '•
'
,V■''■■■'.
;
The;e6mpany last, week filed an amendment with the Securities ftnd
Exchange Commission in which it named new underwritefs for the
v *
Hayes Manufacturing Corp. (& Subs,)—Earnings— ,/* /»„' 900,OQQ shares offered -to . ithe public^ • The. new* underwriters "Ore'Newburger v&i Hano; New York,. Weil & Co., New Orleans, and Kobbe,
The
Total
Y"
Harrisburg Gas Cok—Registers Bonds With SEC—
,
,
.
$13,138;680 $12,428,169
2,806,900
,2,603,860
1945—3 Mos.—1944
1945—12 Mos.—1944 .; Gearhart & Co.. Inc., New York;
■,
182,473
212,640 a!"'; Period End. Dec. 31— • 5
Total- rev.
from
operi
'• - a.v; v
The original statement- gave the, firm, of Van. Alstyne,. Noel, & Co!)
'985,843
,
958,959
795,022
Payroll taxes—r—;
v after proV> for renego. y)'
$672,735
$4,662,851 $11,335,653 $17,222,393
-New York;, as- the; head; of the underwriting group, but this firm was
1,171,204 ^1,153,923/ 1,370,874 ,
1,039,878
All other .taxes,,,*—
Operating costs—729,936 3,989,615 ••9,789,588 15,370,807 ) suipended from* memberships in the; National Assooiatlop: of Securities
Dealers, Inc.,-for to days, on charges that it had sold the stock before
$4,845,385. $6,508,780
$8,119,474 .$7,846,769
Ry. oper. income——
"$57,201
$673,236-1 $i;547,665i- ,$l,851^586 K v the
Operating profit——
registration statement had become effective.—V». 163, p, 780>
2,082,525
1,883,872
2,200,539 ,. 2,198,1,01
$7,363,514 $11,784,435.
Net rev. from ry. oper,
income
federal
'2,989,644
306,935,
taxes-
■
177,800
954,288
54.147
taxes,—
income
State
,
s
-
,
.
■
■
(Pr)—~——
rents
Net
,
'Other ."-income > —i.
.
Net
•
Other income—
130,758
—
185,588
$4,783,051
$2,893,619
income—-—from
'"Total
$5,648;668
167,262
$5,918,935.
$4,624,903
158,143
$2,762,860
income,)
ry. oper.
.32,844
YY
income
.y
Interest.
charges
1,026,206
392,204
Fixed; charges————,.
Contingent charges—
..
income—$1,443,810
Dividend .appropriations; ;. 1,417,707
Net
.<
<
for
'
charges;'' •'■.';V;;VV.-Yv
assets—
;
_
other
inv,estments_r-——
—1yf —•;*«• W-1**
Temporary cash investments
Loans
.
:
606,288
accounts
Material
supplies--—:
'
Other
Total
Other
73,461
267,886
Equipment trust certificates
V
Notes covering Diesel equipment-—.
Traffic and
495,000
—
Accrued
Accrued! tax
Other
liabilities
Unadjusted
182,407
446,308
1159.
8,082,056
y,
y";;:V"
4735*332, > 5,478,568
■
721,537
„
The company
an
issue
will
I
2i—
y
Trust
•
Federal
•
per
—V,
r-
fare
Rev.
—V.
1,229,700
1,232,500
1,316,400
7,461,000
•.
$2,701,420
$2,315,919
and
Dividends
operating revenues
investments
from .sundry
Sundry, income^—.
———
'
.
ENDED NOV.
30
|
interest
86,493
purchased,
maintenance
Total income
Cost of goods
clusive of
y,
Cost
DEC. 29, .1945
,
]
-
*:
However, they, are
poBsible*
as
ol. sales,
penses,
'
Total
(trade), $899,265;
*
No.
amortization——w———178,292
197.680
Net
general) and administrative expenses a a
6,065.655., 5,798.317
paid
13,658
26,454
Sundry, income deductions-l^
—a——* ,y:-v
5,187
L, 8.322
Minority interest, in. net profits of subsidiaries y,,
'14,149.'.,'8,937
Provision for fed, norm. inc. tax and surtax
683,713
% 734 570
Other
.
,
Cf
r»
fa
State
in
fa
aatvi n
income
.
vnr.
taxes
—.
-
i
.
.
;;
,
r 1,563,766'/ 1,116,526
I '
34,523
39,123;
profits; tax———^'*
an
•«
rta
-
r
a
profit: on
'
,1945
>
••
sales-.;.-— .-a-aaaa-aAAa-aaAAaI,:'; ; $4,225,951
Cash;'.;;* ■
,
profit
,
Balance
y
V
$2,866,307*
Gross income„a—.a'
,
interest expense ■kkk.YaAaaaAaaaa).aAa;
Cash- discounts
allowed—,„a
2,899
surplus''
^■Dividends
J—
y
;
$1.60
and
Cash'
U.
S.
and
426.939
$4,63
$3.91
SHEET NOV.
•
L_l—
—
Government
♦Notes
569,252
-
,-"y
•
t
a-——-—
,
»t~cQs£_w_—-t_A-.
receivable,—
\
S.
Govt,
escrow
for
Cash sur,
$4,258,851
:
$554,091
i—I——
1
•
dedqes—
vai.
—.
—a——
7,699,553
■
.
of insurance onlicies
tProperties
(at
Prepaid rentals,
Goodwill, trade
lives
on
of officers of-certain subsidiaries,,
Postwar credit of excess
profits tax
in-
114,129
Y 89.688
;;;!. $347,463
$718,478
names
and
trademarks
Total
„!
"!
1,021,999
'
$1.21
Accounts
a.
15,000:
;
proceeds" froiri the sale of- the shares will be used in part to pay
for the assets and property acquired and to be acquired, from Higgins
Industries, Inc., which
of
;
will
67,478
sition
1,2925600
1,033,227
206,600
248,475
•
,
$18,933,696
1''
now is in statutory liquidation.
The balance
be- available for general corporate purposes, including the acqui¬
of additional property, and assets by the company and the
32.847
37,306
.
-
1
$17,480,450
.
conducting of its proposed-business,.. •
•
.•
Higgins Inc. was incorporated ..in: Louisiana
••
,
,
-
Jan, 9„. 1946, and
has entered into an agreement!" with' Higgins Industries, Inc., whereby
certain assets of the latter company, composed of work Jn- procesis,
V executory contracts and inventories, were-transferred to it on Feb.
on
72,800
$1.84
^y "$1.76
.
SEPT. 30'
:y 19441
1945"
'
■
$338,668
$701, X 66
:
assets
,
Y
«
;
213,192
548.863
4,507
,
v
3?764
$10,000
r:
•
payable
current
Other
)
a
a;
Svll9,638>)
;; 15,389
/ SY;a3,900;</:
.'
.
61543
4,190
285,000
110,500
276,785
Compion stockCombined'-surplus aajUa-a—a---
$15,000
'88,798
99,716
62,143
:
•
80,000
y
—A—-a——.;—a^a.v■
for. addi. Inoome tax. assessinent etc.-A y
Reserve
y
56,904
4,144'!
liabilities—a-a—a—;A—;-a—-a—•
Long-term !' mortgage —
;
100,948
"
Custpmers')Credit balance
;
_
716,750.
.
c
373;750
639,818
:
_r—^S7r,959
for ^depreciation of $28,30i- ln;1945 anci: $191,354
161, p.
'-a'-- ';
' >. '''■y-.v'' '
Total
<■
y
After
reserves
1944,—V.
in
;
'Hotel'
National Bank & Trust Co., New York,. N. Y.,; is prepared'to deliver securities of The Hotel Olcottr lno„ upon surrender.
of Prudence-Bonds Corp, certificates of. the 31 West. 72nd Street, issitei'
pursuant;to the plan of reorganization.r—V. 163, p.tl'93. :
'
-The Sterling
-
.
r
.
Houston Natural Gas Corp.-r-Dividend
*;.
by * a group composed of Ne\yburger & Hano, New
York, Weil & Co., New Orleans, and Kobbe, Gearhart
Co., Inc., New York. The stock is priced to the. public
at $11 per share,
;
>
v 72,800
-VVV'
Accrued taxes
Other accruals^
^
&
74,750
Mortgage- loans due (one year),r_„
260,747
y>
,
$6.28
BALANCE SHEET,
$1,572^959
2,471(638
$1,687,324
1,021,999
$2.00
143,088
1 $127,945
$1,400,008
directors'on March 14' deelared
The
;
a
Increased^
dividend of 50 cents per Gharri
stopk, no par value, and the usual quarterly diwidenrd
Of 62(V cents per share on' the 5%
preferred stock, par $50; ♦bdth
payable March 29 to holders Of record. Mnrch 15*.
In 1945, the ccmA
pany.paid dividends of 40 cents per share on the common stock each
) quarter.—V, 162, p. 71.
Y/y.;,.
i'T-"v"
on
the
common
Howard Aircraft Corp.—Changes Name-r-
,
84,166
45,000
i.,
'supolies,-YfclIII—
"n
$1,146,642
!ehur^—:a-'a*-—auaa.
rr
i»'u"
:
i-
315,000
:
$133,809
:
$9.61
55.357
y
k»'
726,017
B0ZJ2T
165,984
"194,713
.
28,500
,N* 467
18,560
Y:;;yK6,243g
369,524
.
347,456
,
'
36,443
?y 40,025"
1,925
—'AAw—.A'-.—AA-.AA. A*—-.A ——.--'.W*.A—'—A—A—
—
$295,840-
$525,27-7
!
25,203
'
-
,
92.652
.
a.
cost)
insurance,
501,565
:
—
——
$267,722 s
20,730
kr:k;' 7,388
i 6,529
$235,294
68,477
24,022
<
LIABILITIES^-;
508,172
22
1.114,714
2,856,138
securities
(at cost j
deposited in
building; purposes——u_—
(at cost) & loans, less -res.
\
.
-
.Higgins, Inc.—Stock Offered—Initial public offering 6f
900,000 'shares of common stock (par $1) was made Mar.
1,957,571
14,736
"Land, building una equipment
taing and equipment
a)
323*779
jus
;' Miscellaneous ■ :assetSAY--'---^-——Y';y'f'* 25,616
*""- ■'*•iU"-
'
iqaa
6,160,233
Sundry invests,
Lease
deposits
common
^-V. 163, p. 2392,
2.637,R«q
Inventories
U,
Earned, per
30
1945
$6,002,306
—.
securities
accounts
'
:
*_w.
.Netf income !.Ua£a^aaDividends declared* eUJrr~^,aa—;AU«i—)
.
'
50;ooo
;.
a^-t——-
profits tax
v
$lr20 per share in 1945 and 1944, respectively; *
CONSOiLlDATEtf BALANCE!
ASSETS-r-
excess
State income and franchise. tax__^—i
$1,392,596
.__Y
v*m
452,041'
j
.
paid
Other current
132,498
..
in"
.1—
a__—a—
___•
—
Earnings per share ———'
♦At
Federal
100,000
$1,645,860
Ia-A
37,822
3,812
208.238'
$5,522; 123
<:*•■? 372,743 '
^Aa> aa a'a-
■)' >, v'y *«>::f--:
m
■,
,
.v-iv'?:
<
4,429,634
$501,447
'i 17,301
Inventories
$5,013,957
172,905"
Other deductions
$1,492,596
•
4,977,898'
•:
136,702
2,101,482
,
$2,693,402
_
Income
Renegotiation:; settlement
.
profit for the year_Ji^_-.-__r—a—_A_aa
$1,645,860
Appropriation
for
contingencies-.-.-—:a ;T
Net
$182,736
Receivables
,
1944
.$7,115,439
l,532,548i
qdmin. ,expensa—a—,
Federal normal and surtax*Jl—
i
5,674,227
•'ASSETS*—
29.
par
no
(r na
.
10,879,869'
:./y*y !iy;:';;;iy'
895,539;
kCOMPARATIVE
„
Selling,
excess
$37,232*
?
alphabetical*)!,
neap
y:\
shares common.
of
'
/
interest
Federal"
always, a*
•!: '>:* k ■ ^
6,246,371
etc
Miscellaneous
24.503.308
and
;
selling,"
income
•Interest
to
March
of
.gelling,, .shipping & gen,
.
23,731,320
Depreciation
$47,212
-
•
11,694,000
J -gen'l and admiri. ex^
Government
«
Quarters Ended Dec. 31—
Gross
'■
re¬
;:»
*
,
^
$9;061
$2,546
'
•
$33,940,723 $33,921,233
sold and occupancy expenses (exdepreciation and amortization)
1427,1;
:
Ilershey Chocolate Corp. (& Sub,)—Earnings—
57.454
.
»:
.•..
SI,TO
'
,
2,172,045 y
WrtfMkM
v!
Honey mead Products Co.; ; : $6.38/y
y
and "repairs, labor,;
"1945
- X'' 1944-",'1943'..:':'
Years End,.Se^t. 30—
$6,341,910
$4,697,356
$5,856,983
$5,479,345
1
- Net ' sales i-a-—
to
.
:•
98,442
$1.01
'
profits taxes,—V. 161, p.
carrd..
pass,
orden
quoted ex said distribution until further notice.
•k.-\
'•y;y;,y)*y'
.
The authorized common stock was increased from 1,600,000 chares
3,525,006 shares and the l,3t55,6G8 common shares outstanding will
be incieased to 2,711,336 as a result of the split,—V. 163; p^H59.
;
;
$33,806,246 $33,814,118
48,984
49.661
—
&
—
1942
$172,236
$102,066
* 98,442
$2,773,995
the Amended Certificate of Incoiporation will be.
1946, :■ pursuant to- which earh rhare of, common
value will be changed into two shares of common
stock, of no par value, by the distribution on April 15, 1946, of one
additional share to hoideis of each share of record March 29, 1946.
The split-up was approved by the stockholders on March "19; *
;*
• j
;
!•>) The Now - York Stock Exchange. directs that' common stock be not
ty;y,V';VV,"•*:;,'yy;V:'VaV
sales
1943
.
,
NOTE^For mechanical reasons it i» iwt>alwmy*
possible to arrangm companies itt >■ exact alphabetical
*
; 7,468;000'
In banks and oh hand, $1,497,277; U. S.
162, p. 2392.
atock
'
Net
- "
162, p. 135.
$9,751,420 $11,016,419 $11,551,395 ;y VP*
Hercules Powder Co., IAc.—Split-up Approved—:
filed „on
.
up
YEARS
1944
$71,128
98,442.
-
.
materials
Amendments
whole
1
■'
,
2,172,045 ;y 2,172,045.
share————.*——.— 1 ~
$6,42 • •
$5.33
LIABILITIES^-Accounts payable
•
HartSchaffner & Marx—Annual Report—
721.537
$2.28
-
% 1945—3 Mos.—1944 | 194^12 Mos.-Yl944
31—r
—
.
CONSOLIDATED INCOME ACCOUNT FOR
3,972,498
$2,504,629
721,537
$3.40
Holyoke Street Ry.>—Earnings—
Period End. Dec.
purchase of war bonds, $113,202; reserve for Federal income taxes - ! Federal and state
;; :■ come taxes
(after deducting U. S. Treasury tax notes having surrender value of
$6,945j$00); $14,400; reserve for contingencies, $2,275,000;. capital stock
Net profit
'(par $25); $10,860,225; *earried surplus* $13*512,311; total; $28,533,753) jy
y*
•
Trust Department,
;
.,
2,635,705
$0.71
and. excess
.
received
Corpbrato
...'
$105,293
98,442
$1.06
income
Net profit
112,589
payrolls accrued,
y $465,796;
accrued* taxes;; other than Federal, income ' taxes* $339j203;
other accruals, $54,345; collections from employees for taxes and for
to 11:30 A.M. cn March
26, 1946, the coripon rate to be specified in the bid.—V 163, p. 1285.
Co.,
...
,
7,608,328
publicly inviting bids for the purchase as a
is
79,527
:
$7,023,586
252,535
v.)' 264,024
$1,788,441
y
$2.50
*
1945
,
share
per
"After
.
[
shares
of com.
Earnings
*.
5,730,300
and! surtax—A
CONSOLIDATED BALANCE SHEET,
;•
$.15,000,000 first mortgage bonds due March t, 1976.
by the company at the office of the New York
of
be
171,895
721.537
;
$4.71
Earns, per com, share~ y;
of
$6<944,059;
;
y-yy;-:
■
Hackensack Water Go.—Bids Invited-
Bids
.
$1,942,639"
■
$87,214,541 $87,414,168
yV
'
:
18,711,
2,572,865
2,950,866
'Totar^V—iVyiii'-i'—
-V. 163, p.
.
577,727
69,219
Corporate surplus—
308,553.
108,106.
-
,
securities; $10,938,830;" notes and accounts .receivable (after deduction
ot reserve for doubtful items amounting to $135,000), '$3,068,572; inven- y :
Froflt'^AA^"——
tories,y$5,096,985; cash
surrender value of life insurance, policies;yy ;■ Interest
'darned^iA*;^
$173,059; miscellaneous investments and long-term reoeivables; $40,474;y
Miscellaneous income aproperties, plant >and- equipment (after reserves;ifor •depreciation: of y Profit on .sale of fixed
$12,310,253), $7,517,730; patents and patent rights,; $1; prepaid insur¬
assets
ance, taxes, etc., $200,824; tofcal, $28,533,753»
^
31,284
3,287,045
549,270
Fed; income taxesu*
ASSETS—Cash
•
V
1,089,514
5,179,420
credits—J——
$4,880,235
c
287,194
and
profit
Number
■
448,485
988,399
*
<
*
Holophaiie Co., Inc.—Earnings—
"Net
'
2,037,997
137,360
184,004
liabilities
current
Deferred
y: 3,339,253
;
443,312
liability———.
*
129,542
•
royalties paidj taxes and other operating costs.
342,772
w,w**. (J1 ^ A—***'
:
Yy
"Including
354,811
288,999
38,836
payable-—.
1942
,
pro«tV
469.000
221,296
—
accrued—-—-,—--——i
interest
accounts
$4,782,327 ;
)
97,908
$7,837,886
^
.position
.
'
a-
matured'.' unpaid—
Dividends matured .unpaid_A.-i;—
'
1943
•
78,536
v
356.658
100,134
.
Income
6 Mos. End. Dec.
YEARS ENDING
$9,764,722 $11,026,153 $11,563,436
13.302
9,734
12,041
.
*
29,353,5^6
469,000
V
V
Interest'
Unmatured
500,000
__
—
wages payable——
accounts payable1':
Miscellaneous
■'
28,442,475
-
balances——A——
car-service
accounts and
Audited
^
$9,656,654 $10,896,611 $11,450,847
>
profits tftXAA_i—
excess
Earnings
$8,265,891
$8,265,891
28,442,475
28,654,911
—.
1944
8.780,907
wexcess profits taxes--
,
108,068
income
Dividends
i'Ji
Common stock (590,420% shares)—
Preferred stock (284,424% shares)—
Long-term •debfcV_-w_g. M, 8c O. coll. trust bonds, series A.-IA-A.V
for;
Prov.
$247,488
$708,180 ; $0.28 : ".,
$0.28
,
$0.81- . ■
$0.14
S0,H
,
,
charges.;Y.-V)
X Net
!■
LIABILITIES—
'
Nil
■
"
^ $124,842
"$64,116
•
profit—
operating
;.y
profit before
i Federal normril
1,516,531
$87,214,541 $87,414,168
-
income
955,489— Int., disct. and. expenses-
920,721
;
•
Total
.;
Federal
^
•v. 97,098
Depreciation.
'-:-H^
499,368 I
.Other, income,
'2,217,733
,347,366
1,699,569
assets
Unadjusted debits—-—
.
*
'H ;■ li ^'' y;'''.VVy-V
•1
Gross
650,201
2,794,377
42,527
1,732,873
90,547
>
as6ets_^-^—_—^
current
Deferred
•»)
"
112,636
receivable——
accounts
—)
-
Dec. 29, '45. Dec. 30, '44' Jan. 1, '44
> Net
royalties, etc., oper. revenues— $52,234,515 $52,173,233 $55,-393,636
y> "Cost of goods sold
38,375,519:.37,136,922 39,627,037
Depreciation
753,910
749,977
766,603
Selling, general arid admin. exps._ v 3,448,432
3,389,723 ; 3,549,150
1,806,176
2,761,058
Interest and dividends receivable
Accrued
Total
t**4-—
*3,450
v
V
-
1,629,872
y
receivable—.—
Miscellaneous
and
;
profits taxes—,
Pf£
753,687
:
836
;
.
from agts, and cond
1945
'
$8,683,809V $7,759,350
from; operations
Other income
:
.
»•
A
CONSOLIDATED INCOME STATEMENT,
.<
,
5,747,434
4,282,500
785,327
.
receivable
Net balances, receiv.
■
:
2,763
,
'
6,516,343
5,561,500
deposits
and bills
Mos. End. Nov. 30—.
Hazel-Atlas Glass Co. {& Subs.)—Annual Report—
1944
equipment; (net)_—— $59,301,903 $61,442,716 :
6,068,422
5,815,400
—A———————--.y—
Special
'
38
J
—
Hiram Walker-Gooderham & Worts, Ltd.—Earns.—
.Profits
12 months ended Sept.
DEC. 31
;V;V;i945'Y;y
.
.
Investment in• road and
Cash
' ;
V.Vr'-''V;V:;'5'V;Vr'..:,!
COMPARATIVE GENERAL BALANCE SHEET,
Total
30
The
and $252,970 in 1942
ordinary depreciation
'
i"
.
Loss*
*
.-V-,■;^yi^fci&^Y'^;yiPhm''cora^stkf::k»utstdg.
digest of earhingsi given }n last week's :*'Chroriicltf'yiS; for the
Earnings per share—*.,
calendar
stated.—
30 and not for the calendar years as stated.-r- ?
162, p. 458, ;
!".„V
707,993
,
2,050
233,426
160,905
Y/i1 vYY .'•D9,"70A • 4,**v'-i•
,
•
59,970
272,448
•'=
—
Net profit afte* taxes
^Earnings per Share-r...'
$4,030,216
1,417,176
1,417,656
$557,940 in 1944, $517,266 \n 1943
amortization of defense projects in excess of
•Includes
amortiz
4
,05b
31,056
••
•
.
349,361
*
$4,328,168
$3,218,150
..'
•
excess
$5,796(913
1,417,336
$6,071,6791,351,307
392,204.
>$1,902,337
L;A,—'
for Federal inc, &
Prov
'
$4,740,325
1,124,743
397,433
$2 862,220
50,751
$1,601>599
wholly owned
subsidiary
:'.tf,
_,_a-a——
54,534
$684,211
.."$33,055
————
Net loss of
19,017
y
fxd.
Income avail, for
'<-y;
..
&
Deprec.
Mlscell. deductions
31,399.
profit
'Income charges
$5,815,930
$6,104,523
42,726
Gross
•'; 24,146 *>. 10,975
..
'
:
yhis corporation, which was incorporated in Illinois Dec. 28.1936,
as
Howard Aircraft Corp., changed its name, on Feb. 21, 1946, fo
Howard Industries, Inc.
■■
4t
Feb. ■«.
Illinois
—V.^ 163, p. 464.
■
,
the "or^uanv had
3M6.
National
Bank & Trust
.
.„
_
..
Co.,
.V
-
1.901 stockholders, Contip^ntal
Chicago, 111., is transfer agent.
-
.
'
r
Howard Industries^ Ine-—New Namesee Howard
Aircraft Corp.
above.
.'
.Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number '4475
163
Indiana Associated Teelphone
/Hooker Electrochemical Co.—Annual Report—
Years Ended Nov. 30—
■
Net
1
<
,
'<
Gross profit
1946
fa—faul
revenues—fa.
Operating
revenues —.
Uncollectible operating
$6,116,474
sales* ——„————fa—fa—
nage of
ore removed from the mines during the war years, the
proven
reserves
at the end* of 1945 stood at 217,373,000 short tons con¬
taining 6,866,000 tons of nickel-copper, compared with 212,368,000
short tons at the end of 1938 containing 6,806,000 tons of nickel- •'
Corp.—Earnings—
Month of January—
.
——
on
Operating
revenues
1945
$211,534
$220,999
——
212
221.
copper.
expenses ,fa_,—fa—_w-_—fa—:
lease of ,operating properties,
145,684
118,871
faj—fafa-fa—^fa_fa1——,
a50
50
38,267
54,215
.operating
income—-.—fa~far/fafafafa/.fafaIi $36,777
i- $4,257,583 ■. $4,638,553 fa
..Total
income fa-fafafa-fafa———-'-/
Net'-;, income '"/fa' 23,901.
Interest on bonds redeemed, in 1944—'— fafa i
fa——fa'/ fa-25,739 - ■—V. 163, p. -1029.~"4'
/*
• /,/ //- >;'//
-fa/'/
Amortisation of bond discount andexpense—fa_fafafa. /• 3,339 fa
$38,186
-2,127,389
exps./ (incl/deprec,);
2,260,917/
operating
■
Rent
'
Net
—fa_———fa_fafafa—'
profit
Other
income
$4,392,543
$3,989,085,
Operating
taxes
.
246,010;
268,498
f.rr1-•*
—,
for
—
„
Net
-
pared
V455.600
tax-.fav.hfa fa/fafafafafafafafa/. 2,678,100'
for Fed.
normal
Excess
inc.
profits
Amount by which above taxes
tn
,
certain '.debits
-
allowable
tax
Additional
to-
and'sdrtax—
tax
,?
of
profits
excess/
i/
year ended-Nov, 30, 1942——,—-- /:
Adjustment of prior years', taxesfafajfafafafa""i
tPossible renegotiation refunds fafafafafafaincome
for
Crl4,403
Earned surplus at beginning of'yearfafafa'—fa.
60,Q00
Ipeome
1,910,266 .fal,687,732-
/
the
taxes;
gain
from
underwriting
"030,485 and the
*
fa„fa„—fa—fa———fafafa-fafafa $2,988;552 '$2,951v996~
Total
President
GOLD
Stanley
AND
gapv from investments
valuation of securities.-
during
the
vear
$1,891,771
was
excluding
the
SILVER
SALES
OF
stated
that
total
of
SALES
com¬
under¬
operations
plant.
Copper
Vvork
Cliff
DOWN
PLATINuM
'
of
has
smelter
FROM
NLtTALS
V.:
,
sales
of
nickel
in
forms
all
1945 were
year
201,572,987 pounds, a decline of 49,167,123
Copper sales of 215,723,220 pounds were 48,988,705
pdunds
lower; than
in
ounces
of
1945,
gold
in
the
preceding
The
year.
company
sola
58,179
with 61,838 in 1944, and silver
1945,-against l,784,u33 ounces in 1944.;
-Sales of platinum metals
by the company set a new high mark "
during 1945-at 381,741 ounces, an increase of 78,347 ounces over the
preceding year.
'
sales
were
1,601,476
compared
ounoes
Jn.
~
$1,-/
was
pilot
a
to
AT NEW HIGH
<
.V,
pounds from 1944.
"
$1,078,286
yearfa_fa-fa-—2———fa—
in
,
'j tax for
Net
satisfactorily
YEAR;
''
during the.
;Premium -income
ot: this-company^ totaled $23,058,388 in, 1945, an
•// 60.231 / increase'Of $1,804,720, ,or 8.5%, over the 1944 inct me,'according to,
the« annual report to, stockholders just Issued. *
-./■„■
v
'/
•>,' ...
Crl08,395) •/fa The' company's assets,-' on the basis of pec. 31 1945, market values./
Cr 17,125
'were
$65,063t463 .and policyholders' surplus was $27,646,053.
Capi<tai remained at', $2,500,000.
; • wo,ooo
Of the surplus funds; $10,000,000 was set,
up as a voluntary reserve for the fluctuation of
security values, and$2;646.053
for * general • con (urgencies;
$1,264,264
.Before - deduction
of Federal
fa—fa—fa
deductions
post-war .refund
COPPER,
PREVIOUS
5
:
earned" surplus
demonstrated
feet,
footage
improvement designed to increase efficiency
been
NICKEL,
/
.
Indemnity Insurance Co. of North; America—Hit New
High in Premium Income—
t
\
/%:/
fa//
,
reduced due
being "V.
were
fa 480,000 ,
"2,830,500 fa
.
>•
-
50,701
66,104
already been commenced on an addition
to provide for this betterment."
.
23,716
-
with
"Process
has
-
P'rov.
underground
development in 1945 totaled
in 1944.
This brings the total
ground development to 1,136,045 at the year-end.
$211,322
_
"
"The
$220,778
Selling,-general & admin;
r
ore
'AW.* ?V
2S,4!L,
•
.•
/-——.fa--—- $19,0(5,396 $18,434,910
Cost of- sales; (including, depreciation)-——fa— "12,958,92a
11,781,450
sales
1567
1946.
in¬
CAPITAL
Capital
EXPENDITURES
ESTIMATED
AT
$8,000,000
expenditures-of
$2,999,282 in 1945 compare with
Expenditures of $8,000,000 are projected lor 1946.
$4,652,12?
fa "During/the year..'there was an increase in the frequency and 'Se*/;
«-In accordance with the usual
accounting practice of the company,"
date of redemption.-.
^^>f/v>'.r-i^'!!;V';-^141975-..' /verity of .claims," Jphp A. Piemand,. President,.reported'.." "As a safe- ;<, the financial
statements are expressed in U. S. dollars.
Dividends op $4.25 cumulative
guard agafnst higher losses which the current claim condition
preferred stock fafafafa /fa/faI;'.!-.
may,:
1
Inventories of metars,' manufactured
from date of issue
products and supplies,
$44,—fafafafa-fafafafafafa-/'/' 212,500
'182,833 v*' presage, loss reserves .were increased to $22,220,984; As a result, the ,.
>
455,656," on Dec., 31 compared with $43,151,78Q at the beginning of
Dividends on common stock ..<$1.60 per share) /
536,136 fas'fa536,136
company's/reserve position has been strengthened even beyond that '
1945.
Cash
and securities totaled $79,512,831 on Dec. 31, compared
I of a year ago when the
Expenses of, refinancing. „fa—fafafafa—T
——
.company was first among leading stock c.as-*
.
307,786with $70,947,443 the year previous.
Dividend payments in 1945 were
ualty companies in the ratio of loss reserves to earned
Provision for possible additional, renegotiation1
./fa/fa <■ ' >' -fa,
premiums."—/■,
$25,258,969, the same as in 1944.
Earned surplus at Dec. 31,
V. 163, p
refunds for prior yeats194,
1945,
174,300
;
Dividends
cumulative preferred stock to :v.N:
6%
on
'
in
crease
-
•
•
'
:
in
,
1944.
.
•
,
,
_
.-
,
'
-
fafa,fafafafa
Earned
o
Earnings
per
common
deducting" of/credit rfor
tAfter deducting "Federal
thereto,"
*
retirement
income' and
of $314,500
profits tax^s
1
"
'
v
excess
in
1944.,'
fa-fa /fa
'
^
1
' " '
• "
s BALANCE SHEET AT NOV. 30, 1945
ASSETS~Gash iti banks and on hahd^ $2,221,326; employees' P.- S.-,
Savings bpnd fundi" $66,963
S. treasury Savings notes. Series c, ats
face* value -plus ' accrued interest (less $3,142,768 applied against- ac-.
crued Federal income, taxes), $1; 195,262 f; texcess profits tax refund
ijonds, $425,671) accounts receivable (net),; $1,192,305; inventories, at
average cost,
lower- than market, $1,619,000;
investments and ad-vances,
$162,027; real estate, plant and equipment (after reservesfor depreciation of $8,785,388), $6,017,939;
goodwill and patents, $1;
prepaid insurance^ etc, $52,543; total,. $12,953,037.
*
,
-wromf
rtatpuimt
LIABILITIES—Accounts
Auctions for
taxes
and
1945
k|ln
:
■
.-
Federal
normal
Income
(net)—
.surtax
•
„
..
——
,
——
$91,214
$96,223
3,351
,
ir"
t„•
•
„
W
'»
In honor of Henry C.
Lytton this company will be known
effective March
18, according to an announcement by
Cole, Executive Vice-President.
" r
The
Lytton's,' ;';
Willard W.
as
designation will apply " to all stores formerly
operated by the Lytton organization, which
Chicago, "Evanston ahd Oak. Park, III., and Gary, Ind„
the .franchise
Peoria,
i,
departments
Rockford,
Moline,
and
owned
Quincy
and
operated
known
; as
stock
located
are
well
normal'
(par
Gained
as
company
the
by
Federal
.j
new
The Hub and
in
$10,307; total, $1,572,773
"
"
-—>~~r>> —m v:>
-LIABILITIES—Accounts
that
.
Interest
l'A^
RR.—Interest—
i
paid
will be
Hunt Poods,* Inc.
t
on
April
Stocks
dl
distribution
been
-
of
investment
20
and
in
of
1945
payable
also
and
products
merchant
will
tubes
consumed
will
,r"As
the
be
sales
be
Heavier
necessary.
industries
will
of
trend
industry." .1
will
be
ships
and
metal
to
INCOME
chemical
it
sale of both
funds.
r
* 1
The
will
issues
20
and
holders
cents
(Stated for
convenience
in
terms of
United
States
1945
n
1
J
f
l"r''
'7/^.;'
'
'*"•
share
28,
37V2
shares
record
An
f,- '}-i^ ii-.y
,T-, •'
•
28,
,•'''DEC.
31
currency)
1943
170,001,834 170,531,497
107,871,915
profit_:
62,129.919
eral
taxes,
318,421
165,753.
AA
-4
.r f
>'
*
-tj
40 / ;; Total'
1,
li' '*' ^
''
i;*.'
-I
907,248
income
54,706,938
Prov. f6r deprec., amort.' and
depl._
Prov. for retirement system4-.-.
Prov. for conting., insur. and other
purposes
^ Group Assets In¬
•*,'
v
,,
2,999,960
3,663.124
725,000
432,516
1,198,611
37,472,873
——u___
46,098.001
51,186,293
19,170,349
20,059,089
26,927,652
31,127,20481,225,503
,
before taxesProv.. fbr taxes based oft" income—*.
-1*''
,.v
-.?n
-
the North America group for 1945, before Fed¬
$9,741,742, comprising an underwriting gain of $2,i
investment income gi~ $7,423;321.
Net" income "was $8,4
*
,
dividends
Common
3,324,323*
81,262,475
107,942,096,108,190,127 112,352,712
1,933,899
—
dividends,
,
1.933,899
1,933,899
.23,325,070. 23,325,070
29,156,333
,
-
Earned surplus, end of year
Exchange adjust, In consul, in
-
in-
company
^
reased; to, $42,778,634
3,778,634
Total • surplus/—\—t—-7.1.
Preferred
The repor.t. shows that policy-holders" surplus" "of the Insurance Co,
of North America totaled $142,008,099p combining
capital, surplus
"and; voluntary, reserves. - Net premium income of the
+
ing,
r
■:
907,885
63,037,804 ^ 68,380,764
12,844,163 12,671,537)
13,509,039
Profit
was
and
67,539,738
841,026'
53,799,690
I
income
in
f
102,991,759-
last,; ;;
Other
'
$251,000,000-^
94,256,061
Operating
30.
Sept.
cents;
fa.'), y
expenses-/--—-^-^^-
and
148,055,751
increase
559,016
i
-
*
.
.
company and its subsidiaries operate 12 plants for the processmanufacturing^ packing, canning and bottling of food products,"of
which five are located in California, four in Utah, two in Oregon and
its;
growing'
:
have
April
Feb.
on
were
f Insurance ' Co. of North ;America
creased to
balance of proceeds will be added to general
.
a
1944
j*
Costs
•>
; y4;".
paid on the Aviation Group .shares
hnJUhbil And Nov? 30/,4943.-—V;;i63, |), 904.'
-
the company $
and to improve |
The
4
of
that
resume
STATEMENT, YEARS ENDED
Net
'Group1, shares
Bond
of
per
iollows:. ,Fcb.
as
Dividends of 50 cents -each
used by
be
assumed
will
its place as
./•,■■;-:' ">•"'v
V
outstanding cumulative preferred stock,
S:
also-
industries.
be
may
enterprise
Jjtty 1945»;V
«• #'5/ Total income, of
the
nickel.
maintenance
occupy
-.
CONSOLIDATED
and
realized
are
great
continue
Tne
.
;
12,461,941
in assets of1 the 'North America Companies to" $25t,1943;
Net
compared with $205,868,479 the previous year,; is
profit--L--fai-fa-^L--L-i;;l; 25,010,9381
shqwn-in the .North America's'154th annual report, to stockholders,: ;; Earned surplus beginning of
year— ■ 82,931,158
just issued.
Assets are based on securities at market-values on.
Dec,
redeem
more
use- a substantial-tonnage of
Large quantities of these prod¬
■/If
'
preference stock, Series A ($10 par) and 125,000 shares
common stock
(par $6.66%). - The preference stock
*vas priced, at $10 per share and accrued dividends and
the common stock at $35 per share.. * - .* > ; 1
*'1 *!
Proceeds from the
electro-plating
use
will
petroleum
prospeots
will
demand.
alloys.
by. the
Canada's
in
of
plants and facilities;
many
are
other nickel
these
to
business
upward
f
qents,--and• Nov;.;,.30, 20 cents.
banking group headed by Blyth & Cp., Inc. on March. 20 |
offered to the public 175,000 shares of cumulative 5%;
to
nickel
employ
and-in
devoting much technical study, will'
nickel.
Coinage also is now receiving
we
marine
and
ucts
673.
p.
Aviation
Stock
to
1
the
on
on
June
received
payments
share
the
per
share
per
both
IssUe
cenis
50
cents
<3
declared,
The 'latter
3,
Offered^—An
devices
$
1946, on 5^ adjustment
Income bonds, due 1957, on surrender of coupon No. 66, due April 1,
j
1946, • Interest is payable • at" office, of. Chase.! National Bank,
New ;
york, N, Y.r-V. 163.
of
these
amplifying
-
suiplus, $324,679; total, $1,752,773 —V. 162,
one
Manhattan
tax
of
electrical
tonnage
mill
our
$10);< 100,000 shares,
Institutional Securities, Ltd.—Distributions—
HIS1
A
Hudson &
large
and
which
to
Monel metal
payable, $328; accrued corporate taxes, $225;.
and
surtax,
estimated,-'$3,400; capital
$1,000 000;- capital.surplus, $424,140f
Income
turbines
gas
steel,
a
navies
'
-
.
All
numerous
in
as
Galesburg^ Ill., stores.r--V. d62, ;k>;<
>2p. 3192. ■&<
;;
«
the
of
especial attention in fell parts of the world and will need nickel.
J ; "In addition to the consumption of refinery output-we believe
deposits,/- $8,419; marketable securities/-(quoted
Dec. 31, 1945, $2,937,556), $1,734,047; interest and
*
in
automobile
require
'
prices at
dividends receivable,
"»• --r—*
c
or
for
the
Stainless
"
communications.
alloys
nickel
s
(The) Hub, Henry C. Lytton & Co.—Changes Name—;:;market-
office.
will
platinum is used in the powerful transmitting tubes.
"New alloys containing nickel for high
temperatures such as those
in
3.349
•
——T-,
ASSETS—Demand
^
nickel
1
'
1
broaden-
and
cases
$92,062
3,056
"
steels
will
r*--
„
.
carbon
required
—
London
our
applications
such as the use of 'low alloy steels' in place
require nickel,- Two great technical develop¬
ments, Radar for finding distant objects, and Loran for determining
one's location,
will make peacetime travel by plane and ship safer
ahd, better.
Micro-wave-beam transmission perfected during the war'*
'
,
• postwar
plans have taken much time and study and are
put into effect.The problems of recreating and develop¬
demand for nickel in overseas markets are receiving special at¬
'; "New
and
tax
^ i
,
13,574
concluding his remarks to shareholders, President Stanley said: *
tention, particularly from
1943
.;
$106,808
.14,746'
$109,797
**y Pi'ont..:exclusive of security
J), >
,
••
...
\
*
being
ing
taixes, $285,918; accrued possible rehegotiaiioh refunds,: $434,300; custransactions
$87,862
$93,167
$88,713
tomers*/deposits on returnable containers, $67,131-; $4.25 cumulative
yvedit^resulting from, sales of se' .
preferred stock, without par value (50,000 shares), $5,000,000; com-'
c
higher- than.
.
«non stock'(par $10), $3,350,850; capital
surplus arising from exchange-amountS-v-^V^^rrrw^;:^;.: 107,552
....
21,(84
;.
21,402
- 100,000
Qt 6 % preferred to common stock, .$850)850; earned surplus) $2I065,616;
;
90,000
90,000
dividends paid_u—1—
total, $12,953,037.—V. 162, p... 135^
r.
i
i
BALANC|! SHEET, DEC/31; 1945'
■i'v
decrease of $248,031.
a
"Our
.
now
n
1944 ' /
,
13,193,
; Profit, exclusive of security transactions and taxes on,income—
$202;080; accrued taxev<>ther;than Federal'income
wages,
wmmm-nrc
$104,406
Expenses
preferred stock, payable Dec. 28,
Inciuding
$82,(583,127,
■V'.I.jOXJTLOOK
;,.yENDED DEC. 31
Income
payable, $529,360; employees' payroll deS.Saving8 bonds, $113,807; dividends. o*r
1845, $53,125; miscellaneous accruals
U,
waa
of
vpabq
,
:
.fa''
fa
represented by each share of stock of company would-* stand-at $29.52
gt the end Of 1943, as compared with $23.12 at the end of 1944. Earnings before securities transactions .and. provision lor Federal and)
Dominion taxes on income (estimated) were 91c per share, as compared with 97c in the previous year.
..."
applicable:
,
'
....
With assets valued at market rather than carrying prices, the value
.
""After
;
fa
Inland Investors, Inc.—Annual Report-
$2,065,616
$1,910,266
fa,fa $2.58/.
$3.18,
%:/■
surplus at end of year far——.
*
'
'
last.yefer,
againsr $4r,396,489
as
in
Balance
'
"
susp.
82,683,127
82,931,158
Dr2,461,542 f)r2,461,542
J
80.221,585
80.469,616
81,262,475
Dr2,461,543=
78,800,933.
'
1944. '
"
CONSOLIDATED BALANCE SHEET, DEC/31
Two Officials Promoted—■"
icials
;
.
products
distributedi:by the company include specialties, tomatoes,:/
assorted vegetables, berries, cherries and preserves and frozen
fruits,
foods.
'/;///; v
holds
The
.
company
option
an
to
buy
the
business
equipment
and
?f Guggenhlmethe .business'Of buying, the company packing and*selling
Co. .This would give processing, the exclusive right?
engage in
o
•
all
branches: of
joined ther North
.Secretary:
wras-
/mbre/tvidaspfea
the
fire;
America
in
and
1933.1. His
bewly (-created,
:
marine
.
working capital foy the dried fruit business thus obtained, - *
~
For the nine months ended Nov. 30, 1945, the company's consolidated
fret sales amounted.to $11,212,224 and net income amounted to $446.*,:
-V;
sib.
in
line
casualty business since h!
as Foreign Assistant
the company's plans
for
16?, p. 2818.
j
Report—
•
Giving, effect to this" financing
zation will consist of
dud
1957;
the.company's outstanding capitali¬
$2,
1,000,000 12-year 3.90% sinking fund debentures,
if
of
$8,129,000
loans
due
stock, 5%
y
v.
163
xoa,
1285
wo.
d
p.
•
.
/
within
series;
one
h/.;-
.
Co,
of
Canada,
.
18,762,507
20,000,000
Ltd.—Annual
/Property
-
$1.71
-
share
u
>
:
/
,
on
the final quarter net profit amounted to $6,033,373, equal',
preferred1 dividends,' to 38 cents a common "share, compared :
$5,449,971, or 34 cents a share on common, in the three month!
'-/•Tfe'is "announced "that the reduction of capital of .this corporation, ;;:-ended Sept.--30, - 1945.'-/In the
final-quarter^ of 1944- net profit, was
/•frdm -$li^46,730 !-to;'$154,675J by reduction of the par value of the
$6,905,594 "(including $400,000 estimated
refundable-portion of bxcess
1,646,750 shares outstanding from $1 per share to 10 cents per share
iprofits tgxes), equivalent to 44 centra share on common.
v
'became effective March'20, 1946.
'>1)
-"c
t
/♦
?'■/'./:
"■ •■-■,; -■
V-."*"*
/.- The directors have voted a distribution, as-proposed, of 15'cents
OPERATIONS CURTAILED AFTER CESSATION OF HOSTILITIES //
per share, payable on May 22, 1946/to stockholders bf record as of ///Discussing the trend
of the * company's business
during the year,
,the close of business on. May..lf. 1946-; No other payments-have been /-/Mr. Stanley, said: "The cessation of hostilities in
the summer
Huron
;
Holding"
.
fJorti
..
1j
made
r
on
_
the stock.
^Tftis vcorporation
/
incorporated in New York on Feb. -9, 1932/ to
realize qpon slow and doubtful assets formerly held by Manufacturers
'Trust Co. and Chatham-Phenix National Bank & Trust Co. (merged
•by Manufacturers Trust Co.).
The certificates of. interest in its stock
wasi
issued to 'stockholders
basis.
'/./
;
were
of
Manufacturers
a
share
for
share
,/
■
Illinois Bell Telephone Co.-
J)r
•>'
t
>
/i
<')■'
Earnings—•
r
//// />";//*:: / ,/
1946
.
Operating revenues Z"„ifal—/fa_>^^
,lincollectible operating revenue-^—
m
1945
•.
Opcrating
revenues
—
fa——,
taxes
rt
maximum
Net
—V.
income
income——
A
1
ft
a
demands
*%
J
of
war
contracts- caused
am
accumulation
for
the
1945!''
sharp decline
stocks
As
sufficient output'to fulfil?Hhe
United Nations, it became hecT
M
an
/
DESPITE'HEAVY
fa/
—
16,077
1,635,178
,fa.
$834,524
655,072
'
;/./.'
WAR
a
•
1
i
,
"
<
'
.
of nickel
DRAIN,-ORE RESERVES
//"fa,"—/-
than'1938
;ore. reserves
r
NOW
HIGHER
,/•
Imposed an extraordinarily heavy. drain on-the;
of:,the company," Mr.. Stanley
continued,
"and
the
annual tonnage of ore mined greatly exceeded
that of any prewar
.year.
The ore mined in 1943, 1944 and 1945 was 12,105,545 ..short
tons,
12,117,567
short
tons and
10,136,350 short tons, respectively.-.
2,639,561
tThis compares .with
20;520
•
"
$1,149,163
954,991
,
the
"It
war
three
has
.drilling
years
,
an- average
prewar
nevertheless
and
been
exploration
plenishment of
proven
yearly output
1936,
years
and
to
reserves.
make
In
of
5,321,634 short
tons
1938.
possible' through
program
ore
1937
our "
of
extensive
the
"
5.000,176/, 7.952,643
483.474
483,474
17,715,000
Common
60.766,771
60,606,500
Capital
.
on
stock
.
13.085,950
27,627.825
(14,584,025
shares, no par)——/ 60.766.771
surplus,'fa'—'—- 60.606,500
.
-Earned' surplus-', -faZfafa.■fa';4,^/fafa„.fa/fa4*,fa.*/-83»683,127-r.. 82,931,158
Exchange adjust, in consolidation in suspeme— -'Dr?,461,542. Dr2,461,543
Surplus arising .from transfer of nickel propv
:
/
f/'erties in Finland to iJSSRfafa—-/fafawfarfa!': 2Q.ooO.ooo 20,000,000
.
<•
Total
.
farfa—fafa-fa—far———,2 '3.733,528
304.239,913
"Aft'er deducting reserve for depreciation; amortization and depletion
.Of $129,764,189'4ft 1945 and $117,114,872 in 1944/-W. 163, p. 194.
Investors Mutual, Inc.
Declares 8-Cent Dividend-
Net Assets Value Now $13.88V2 per Shire—
fa
directors
The
have declared
a
quarterly
dividend
/////'fa
from
income
of
eight cents per share, payable April 20 to stockholders of record March
31.
A distribution of 14 cents per share w«."
rar Jaft. 21. this
Payments in 1945 were as follows; April 16, 10 cents; July 16,
and Sept, 26, 26 cents.
■
•
■
E. Crabb, Chairman and President stated that, "as A matter
of company policy no dividend distributrw;
pj;on f-lve sale
of portfolio secfli'ttles'will be made until the final quarter of the fiscal
20
.'
cents;
,
Earl
year."
Net
The
assets
corporation
as
$13 88Va
great. progress in
spite
233,733,528 304,239,913
— a—
.
year.
7,722,574
■;
10,379,863
fa—".
wartime
tvi
to inaugurate a- program of curtailment of operations.
This
commenced hi August and - by -the year-end the
production of
'nickel was down to about 50% of the
expanded
'-V "The
>
—
163, p. 1028.
«
181,415
15,532,132
was
for
/' -Net, operating
All
1,300,000
133,770,160
Retirement System reserve-/
^
•
13.723,031
Contingent, insurance and other reserves.——:/'T2,666,800
7% preferred stock (par $100)—Ifa-fafafalfa
27.627.825
.essary,
/
$12,849,567 $11,511,298
expenses
„
»**
$12,865,644 $11,531,818
a-
Operating
^Operating
followed-by the cancellation of
1
nl
f
in .deliveries of our metals and
all our
plants' were equipped
capacity."
...
Month of January—
on
of
-
15,526,074
600,526
tncomfe——fa^.^_/fa—fa/"'T3:0"Y,366
"With
•
based
Taxes;
^ftej.
,
a
payable and payrolls—/
-.fa-fa—*
Preferred dividend payablfi-fafa-^fa—fafafa--'
For
Pflnitali7ation-*-Will'"
fteaUCe^ UapnauZailOH^ VV lU^
'
Pay 15-Lent DlVldenci'—'
:
122.266.830
:
LIABILITIES—
?
.
account—
Accounts
common; /
. :
-
.
held against retirement
-Total .—i
.
unairman ana rresiaenc,
«
28,958,180
:
43,151,780
;ceats .
or
27,442,998'
./.fa-fafaifa/26,569.026 .(17,331592
-reserves)—fafa/Ufafa
Acct." receiv, from USSR,
1845-1950-—_•
16,'666,600
Refundable portion of exc. prof, taxes (est.)-.-.
Charges to future operations-—————-——r—
178.132
•
The: report, of .the 'company and subsidiaries
.for, the year ended
Dec. 31, 1945, "issued
by Robert C. Stanley, Chairman and
President,
common share, under the $26,927,652,
reported-for the year 1944. * «
>
^
(less
]
products & supplies
44,455,656
system res.—/ 13,712,936
/Miscellaneous' .securities/fa——/fa—fafafa! // 597,571
///////;%.//;// >; /;;/././////...
'
i—
securiUesl
receivable
Securities
^hows net profit of $25,010,938 after all charges, depreciation, amorShf !lSV!
after • preferred ^dividends, to $1.58
or- 13
_
.
time
and
including Treasury bills,
depositsfafafa—/fafa-fa'
24,657,672.
16,342,972
,
Jey
„
of
175,000 shares of
:•
.
97,390 Shares
series A
year;
notes
$
i 25J>po,8Q7
/fafafa
Inventories of metals, mfd;
position
with
world^wicle, expansiq».fav.
International Nickel
s/;.;/■:/
-•••
tax
1944/
/:.///1945
$
.fafau
securities,
Government
Accounts
; ;.v/ -
■
fa./—
w
Short-term
vide
>
■;:-/r /:
ASSETS—
Cash
-
with
dried and evaporated fruits under the name of Guggenheim & Co.
If
,the option is exercised" the company expects to allocate a maximum/
tof $1,500;000 of general funds to the
payment of its commitment under
the option and to allocate an additional $1,000,000, or more, to pro- ;
.
V.
'
"
-John A. Diemand, Pifsident/ on March 21 announced the
following
.promotions^ Richard G.. Osgood, to-Vice-President, and V. I. G. Peter¬
sen. to Foreign Assistant Secretary.Mr. -Osgood/ who has -spent -his?
entire business-career with the-Nqrth
America, has been Fire Secre¬
tary of, the company • since 1943.
Mr,. Petersen-has been /identified
diamond
the
tremendous
re¬
ton-
per
showed:
16.3%.
has mor* t^aiT
'
"/
f"
"«
of
March
15, 1946,- were $33,418,566, equivalent to
The Fund's portfolio of «eovrltieks as of that date
invested
in bonds;
31.3% in prefevr** stock/ and
share.
52.4% in common stocks.
In addition, the company h-dd uninve-.ted
cash to the amount of $6,586,422 as of March 15* 1946.-*-V" /.), p. 134;
$5,011,458;
International Silver Co.—Earnings—
^.
$126,953;
1943
,
S37.312?372
Matot.
S^rep,!.-,, & repl. of tool? I
for
Prov.
equipment ——
Taxes (other than Fedv
'
income).—
contingencies
Dividends on common
—:
stock (7%)stock
-
Dec.
surplus.
$1,451,264
350,000
Jb*. tvz
$3,22:?;7 .2
$10.18
$2,894,978
$12.07
and on hand
————.
1,564,374
1,801,312
securities—-——
receivable (net)-—
,
Receivable from U. S. Govt, contract termina.-
securities
Sundry
914,162
J
,
CAPITALIZATION,
31,117
3,854,381
141,291
;V
4,199,935
123,196;
v
r
HISTORY
1906
vn'.v,v.
payable
V
Advances
319,191
on
43,457
700,000
600,000
5,000,000
4,559,900
4,604,315
5,000,000
V-;
.
'"'
$19,564,404 $21,120,213
jAfter depreciation
lAfter deducting U, S.
Total
'
Of
3074.,
(>:;
Net
480,000
$918,770
earnings
.——
—:————A-A,-—
Net
the
of
entry
United
the
States
.A*.
>
—
$509,367
earnings—:
and maint._
oper,
State
Fed.
52,993
616,813
Ohio in
Gebhard';
income
a
:
'
Total
"Interest
funded debt
on
46,471 >
A
Amortiz. of debt disc. &
10,113
$63,834
139,429
12,230
$28,065
oth. deduct.—
exp., &
—V.
income
—
—
names
Gross
EARNINGS FOR YEARS ENDED
Excess
163, p. 1029.
$311,925 A
-
$344,253
>
V
S Interstate Bakeries Corp.—Annual Report—
tCost
Fed.
273,707
283,907
464^293
245,793
Cr41,600
93,344
ex-
tax
income
State
Net
for
>
;
dividends
—
40,000
ana■
$413,680° >'$542,140
$367,870
97,698
income
Preferred
2,235 vA A ) 1,145
1,590
taxes—_
conting
46,000
$674,721
1945, the stockholders author¬
ized a refunding of the longt-termbdebt// The -first r(closed) mortgage
5%
refunding < bonds,
due June 1,
1958, then outstandingv, in »the
amount .of $2,500,000 were called for redemption: o» April 19r:1945,
'
/
'.A
new
funded
debt
was
created, represented by $2,500,000 first
mortgage 4
bonds, dated as of March 1, 1945, maturing March
T, 1962, which Were sold to a group of investment bankers at par.
The
company
also issued as of March 1, 1945, and placed with
private investors 4^% debentures for $500,000, payable in installments
at
105
accrued
and
interest.
..
•
r
1 *
of
$50,000
on
March
1,
from
to
1946
These
1955.
funds
were
to
the
augment
working capital and be available, in conjunction with
other funds, for all corporate
purposes, Including the acquisition and
.retirement of shares of the company's outstanding preferred stock if
and when
in
:
the
such
best
acquisitions
interests
of
the
seemed,
in
the
opinion
of
the directors,
•
company.
•
BALANCE SHEET DECEMBER 29. 1945
A.
ASSETS—Cash,
interest
$80,273;
tories
accounts
$1,702,923;
$1,638,946;
(after
U.
$445,333
receivable
cash
S.
Treasury
deducted
(after
surrender
for
value
depreciation
tax
from
notes at cost plus
liability for taxes),
$10,167), $719,493; inven¬
of
life
insurance, $57,358;
.pronerty, plant and equip¬
to
$2,958,071^,
amounting
service
plemental
of
refund
oper.
f
-
(
I
1944
'
,
1943
108,692,781 107,889,730 106,048,852
exps.
amortiz—
2.011,208
for
cost of
under
-
44-
2,259,416
C
233,656
216,306
»
v'
sup-
plan
pension
V
432,103
.
'
adjustment
post-war
2,093,781
V'
.4 ^ 311,967
______
44__4_^-__~_—14,590,886
.^..1
properties
■
I—,
250:655
/
100:500
leasehold
1,487,173
331,036
prior years'
taxes__
1,488,901
1,492,694
440,173
; 373,798
5,572
improve.
220,416
22,613''
147,249
(or loss)
on -sales
of U. S.
Govt, securities and other assets- "
Miscellaneous
Restor. of
other income..
res.
-
for post-war adjust.
ti.
9,000,000
Divs.
$310,061
248,653
$433,453
331,537
6,169
194,909
718,601
Cr72,650
\
—
200,000
1
-
23,691,646
ivyA:.•*
3,762,678 f
.43,762,678
3,762,678
special pfd. stk.
on
(60c per
,
^
—432,383 A
redemption of
f
f j
;
Premium
paid
on
^
>
less
ex-
1
i
a
»
^
432,378
1
,
special preferred stock,
pired scrip canceled
Earned
A
.
719,805
surplus
at end of
year_«A 21,565,958
v
on
♦Earnings per
share
after
20,316,356
$2.25
$2.13
^
provision
for post-war
19,496,590
*$2.26
■
adjustments was
and
$2.16.
tlncluding amounts charged as rental of owned properties
leasehold improvements,
tlncluded in expenses above.
,;,t i -
BALANCE SHEET*
ASSETS—
;
$468,747
248,653
2,600,000
25,231,222
25,328,636
($1.60 per
Share)
■V# share)
■
stk.
com.
11/700,000
.4 5,012,280
5,734,632
5,518,585
: 20,316,356 "19,496,590 " 18,173,061
1
Total
on
17,118,585
> 9,200,000
Net profit for the year
paid
20,034,632
2,600,000
profits
excess
Earned surplus at beginning of year
„
78,242
-
16,687,280
2,475,000
income taxes__
Federal
(net) 444
taxes
;
for
Dt73,545
:
250,000
Total income
Provision for Fed.
28:475
-
15,247,396
Gain
Provision
■■
17,737,893
rental of owned
as
&
Rentals received from other tenants
Earnings per common share-;.
contingencies
for
*
>■•/: 1945
Govt, securities,
Sundry debtors
U.
S.
Inventories
A
of
and
crow
nidse.
advances
&
Loans
1944
• .
A $16,367,994- $15,482,679
10,219,964
10,042,608
at amortized cost
42,400
(incl. mdse.
to
miscell.
,
>
DE<X ,31
Casht
landlords,
notes
in
526,184
15,400,815
13,552,877
443,537
transit)
>" 420,031
deposit in es-
receivable—
Post-war refund of Fed. excess prof, tax (est.)
Prepaid insurance premiums, rents, etc—
tFixtures and equipment, at cost
——
fLeasehold improvements, at cost—
§Land and buildings owned in fee
Goodwill, leaseholds, etc
3,190,000
.
640:465
.
788,562
3,716,133
8,158,501
4.201,385
8,583,445
30,009,380
30,698,153
1
Total
t)
p.
904.
liabilities—
$1,632,total, $5,871,-
•
••
.
r.i.vonqjHi'—
j+AL.
•* v
.•
'•••'
Com.
Operation
Q.
Maintenance and repairpA—A
—
Provision for depreciation.—
Taxes (other than federal income)
Interest on long-term debt
Other
interest
Federal
127,370
114,569
AA'
354,030
215,438
stock
and
aA'
——
N.
Y.
State
premium
on
bonds
,
of
—
7,783
215,438
10,295
10,563
excess
taxes
Amortization
.
7,906
charges™
capital
dividends
Cost
Cr7,755
income &
excess
140,499
$496,954
144,506
$352,448
of
Provision
Net
before Federal
for Federal
income
taxes
taxes—
income
Preferred
Common
,
75,000
75,000
200,000
dividends
dividends
BALANCE
SHEET
DECEMBER
$1,510,359
,
862,236
3,986,845
3,468,547
8,921,153 <112,863,047
250,000
48,5~li:253
21,565,958
shares
of capital stock
stock—5,900 shares
48,511,253
20,316,356
Drll8,517
shs.)
£>rll8-517
reacquired:
$85,721,634 $87,603,281
,
"Redeemed on Dec. 14, 1944.
tAfter reserve for depreciation,1] of
$11,468,017 in 1945 and $10,883,613 in 1944. fAfter reserve for anfdrttization of $8,322,442 in 1945 and $7,783,241 in 1944,
SAfter resejrve
for depreciation of $9,161,272 in 1945 and $8,400,609 in 1944.
HAfter
deducting U. 8. tax savings notes of $3,372,000 in 1945 and $4,100,000
in 1944.—V. 163, p. 194, 905.
Knott Corp.—Acquires
Net income
profits taxes-
for post-war adjustments
stock without par value (2,357,574
$1,831,175
1,023,767
7,755
$484,264
$343,765
net
for Fed.
Common
1944
$1,941,648
605,160
137,018
111,074
362,902
643,800
H
withheld)
Earned surplus
1945
-
AA
creditors.^
Reserve
$1,947,406
"
-
—
taxes
ing
Prov.
b>t'^.TNCOME STAtEMENT FOR YEARS ENDED DEC. 31
•-
payable—trade
Accounts payable—merchandise in transit
Accrued salaries, expenses, taxes, etc. (includ-
AA;
revenues
$85,721,634 $87,663,281
Accounts
Jamaica Water Supply Co.—Annual Report—
.
t
&
benefits
tAmts. charged
28,737
v
—
tax^.-.^-——*-,.
income
Qpe?:atmg
r;
sold
deprec. &
Net income
,200,000
reserve
®ii®fUa,nf°us investments at cost.. $27,252;
(after
reserve
ment
•:auj
the annual meeting held March . 6,
>
1945
$1,381,609
profits tax (net)
•-j)J-54.-rry», 163,
K
|
126,038,945 127,955,060 124,021,970
merch.
for
Prov.
fcingencies, $150,000;' capital stock (165,768.35 shares no par)
■
t
,
$1,352,871
$1,322,391
128,848
197,405
586,076
*
>076; capital surplus, $35,460; earned surplus, $1,957,440;
»Belng equivalent to the reduction in taxes in respect of charges -to
surplus and reserves.
•Vb!a:r>
At
:
A'.-
67,918
of
''r:: past
payable to banks, $1,000,000; accounts pay¬
able—trade, $541,024; accrued liabilities, $162,808; dividend payable,
$62,163; provision for estimated Federal income taxes and net re¬
negotiation refund for 1944, $305,183; purchase obligation to officer
of company—due within one year, $5,000; purchase obligation to offi¬
cer
of company—due subsequent to 1946, $20,000; reserve for con-
100,693
45,079
215,866
taxes
income
Reserve
Years—
LIABILITIES—Notes
A
♦Charges in lieu of Fed.
1286.
p.
employes' retire, pension
,
hand, $348,295; notes and accounts
receivable—trade
(net),
$461,963; ' inventories,
$3,309,084;
excess
profits tax refunds receivable, $204,975; fixed assets, $1,506,231; pat¬
ents, $1; deferred charges, $40,605; total, $5,871,154.
4AAAA;
.
$82,955;
accruals,
for
■
$338,983
17,886
125,000
'i-siW
income—1—4
ASSETS—Cash In banks and
416,000
Cr24,579
of
refund
profits
cess
123,667
5,116
245,790
profits tax_
excess
Post-war
124,373
8,770
5,282
payable,
other
_—4
—
Provision for non-recurring
128,955
>
133,986
tax & surtax
norm,
Fed.
v
debt—
and expense
funded
on
1945
on deposit, $104,414; receivables, $353,-.
plan
*
Debt disct.
14,682
sheet,.,dec. 31,
Prov.
Portion of estimated cost of reconversion to peacetime basis inSUMMARY OF EARNINGS, FISCAL YEARS ENDED
V.
if:Dec. 29, '45 Dec. 30,'44 Jan. 1,'44 Jan. 2,'43 A eluded in cost of operations for the year, transferred from reserve for
contingencies provided in prior war years.
jA-. v-;;;:vIv;:Ai.-'-'b*
Gross sales, less discts. $37,197,022 $34,447,115 $31,289,783 $25,891,911
Net earnings before int.
1,062,138 , 1,088,414
1,472,157
1,315,114 ■:A::
BALANCE SHEET, NOV, 30,I1945
Int.
$203,467
79,758
Provision
•Divs.
26,814
Balance, surplus———.
Cash dividends——
2
127,000
$289,246
$238,774
14,682
I
Gross sales
,
$1,295,577
^Transferred from reserve
_
665,108
„■
15,000
stock
interest, $19,045;
Calendar
.
24,142
)n»Ama
Provision
>
.
547,916
(S. H.) Kress & Co.- -Annual Report—
shares are
$314,840
profit
Other deductions
169,134
194,800
preferred stock
totaly $4,670,235.-*-V. 163,
<NOV. 30 ,:i
*iia[ rt'i- 'I§45
'
Tntal
Total
194", 825
202,962
?., ?
■
1 'f
•'■
':
prior pref.
10,915
30,442
f
of the underwriters, each of whom has
purchase one-half of the unsubscribed
to
:rit
*
Est.
Net
''
t
Normal
'Ja
taxes
55,910
58,404
dividends payable, $3,671;
$124,891; general contingent
reserve,
$182,806;
unamortized bond premium, $4,108;
1st mortgage
sinking fund 414% bonds due Oct. 1, 1959, $1,800,000; prior preferred
stock, $244,700; preferred stock (13,293 shs.) class A stock (60,000
shares), common stock (148,955 shares), $566,666; surplus, $1,641,394:
of its line of compressors, "Fleet
Foot" loaders, which were developed during
Other income
$1,077,056
A 563,669
$991,055
539,701
$86,766
$112,813:
38,865
earnings—
net
"Fleet
and
cranes
*
45,371
.
prof,
*
1'
403
reserve
LIABILITIES—Accounts
accrued
into
^ as follows: McDonald & Co, and The Ohio Co.
v-A:'
$1,031,685
$950,732
40,322
5,591 A
1,442
r'*':
193,614
:v,;V 11*
■
224,343
90,635
97,54761,437
'
76,422
amortization.
excess
189,158
111,361
assets, $13,819; cash held in escrow by trustee for plant additions,'
$488,433; land, buildings, machinery and equipment (after reserve for
depreciation of $2,141,842),
$2,303,959;
prepaid expenses,
$35,375;
unamortized bond expense, $22,367; patents (less reserve for amortiza¬
tion), $73,911; goodwill, $1; total, $4,670,235.
'
482,000
$83,175
$109,637
3,175
earnings—:
oper.
Other
I
40,000
42,000
>
214,471
■
balance
);I944 '><»,
1943
'A'
Gross
sales,
less discounts, etc.,
:*'5'
* ••
(•:> ■'A <' ' ■'
529,025
renegotiation refunds —:———
$7,599,872 $10,502,623 $7,887,382
589,956
?%:Cost of goods sold
1———6,380,010 1 8,475,884
5,928,123
480,000
Selling, gen. and admin, exps905,021
731,161
606,387
,)
603,575
50,766
retirements—
Prov.. for
Net
85,600
$1,572,203
693; inventories, $854,621; U. S. Treasury tax notes and interest (excess
over
Federal income tax
provision), $294,030; cash ($112,111)
and
bonds
($7,500) reserved for sinking fund payments, $119,611; other
sand
UNDERWRITERS—The
2,464,378
26,029
$1,492,112
•
retired—_^:^_:
-
^/ASSETS—Cash on hand and
.
-AA." 50,750
——A A
taxes
cost
agreed severally
31
1943
$1,546,174
26,412
war.
$5,095,043
income
and exc. profits taxes
Other
Foot"
^ the
1846-^12 Mos.—1945
$474,893
$5,269,333
215,352 ' 2,616,213
,
253,987
on
k'Tand is continuing the production
—*
$344,356
$270,656
-
1946—Month—1945
Period End. Jan. 31—
exp.
and
"A-,—
'
1944
$1,465,700
•
,
manufacturing
*
'
1•'
1945
exps._*
profit v-—-i—
on
adversely
affected its earnings.
As of
c'r; 48o,ooo : Feb.
1,
1946,
the company had unsettled termination claims on ;;
v account
of war contracts in the approximate amount of $25,000.
$1,034,684
Company as of the same date still had war contracts with various
:
45,034
governmental agencies (which it has been notified are not to be
cancelled) in the approximate amount of $25,000.
>
' $1,070,717 ■0/rr The company is now engaged in regular production of all its products
.v 565,802
which were manufactured during the period prior to World War II,
12 MONTHS ENDED JAN.
EARNINGS FOR JANUARY AND
Oper.
547,306
};
—,
and
and expense,
U
Gross
510,000
588,264
-d———A;;;,, 141,545 fcA 169,560
other deductions
Net income
40,738
"Ai
Dividends
products,:
;■■. ;
AAA*
During the'year ended Nov. 30, 1945, a number of the company's
war production contracts were partially cancelled
and delivery sched¬
ules of others were cut back.
These elements increased the company's
..
patent
contingent
Dividends
198,921 shs.
In 1928 the company acquired the
of The Lake wood (Ohio) Engineer-
Chairman).
stock
capital
and
income and
■
.
.
of debt discount
Amortization
;V
$959,508
Total het earnings
Interest on funded debt
,
.
operating
Other income
;'
614,586
.
for retirements
Prov.
-
638,425
:y--y—-
Other taxes
■;j
$5,070,107
2,456,959
$5,234,860
2,583,079
——
Fed. income* & excess profits taxes-
-State and
1944
1945
earnings
Operating exp. and maint.__^—
liii
present
first
$1,031,286
general
General
became engaged in manufacturing products
and sub-contracts for various governmental
•
of Delaware—Earnings—
Southern Utilities Co.
Iowa
Oross operating
y,,j
Fed.
(j Outstanding
200,000 shs.
y
par),
$1,003,187
operations.^
income
Depreciation and
,
.12
'.!»!,'/12 Months End. Dec. 31
31—
,
par)-———_—
no
$1,000,000;
par)-,
^
-—
World War II, the
under prime
: contracts
agencies and
for the Armed Forces.
During the years ended Nov. 30, 1942 to 1945,
>
inclusive, approximately 35%. 66%, 85% and 43%, respectively,.of its
total sales constituted war business.
However, of total sales for these
'•A years approximately 93% in 1942, 65%
in 1943, 30% in 1944 and
82%
in 1945 consisted of sales of the company's usual peacetime
V, 162,
va-aaa'y" > >V
Ail,:
(the
Authorized
;
Co.—Earnings—
r::;'
•
mfg.
Bond f expeppe
PremiumbjOh bonds
FINANCING
THIS
TO
BUSINESS—Company was Incorporated in
to a business theretofore conducted by
outstanding
company
1944.
saving notes: 1945, $4,000,000; 1944, $5,000,000.
Treasury tax
(no
AND
Following
1945 and 1944.
in
in 1945 and $5,087,108 in
$4,846,588
p.
of $453,688
reserves
4,559,900
4,604,315
2,894,978
3,275,763
surplus
-After
record
equipment to Colum- y
bus, Ohio.
The Lakewood Engineering Co. was dissolved in 1932.
/ After the company's incorporation and prior to 1928 it was engaged
chiefly in the manufacture and sale ,of "Jaeger" concrete mixing
machines in various sizes and models and, during the latter portion
of this period, in the manufacture
and sale of centrifugal pumps.
Beginning in 1928 the company developed and began marketing a line
of truck mixers.
Following the acquisition of The Lakewood Engi¬
neering Co., the operations of the company were broadened to include \
the
manufacture
and
sale
of
concrete
handling machinery, road
paving equipment, machinery. and equipment for heavy duty con¬
struction work, and certain accessory units for general construction -j
work, such as contractors' hoists and self-priming centrifugal pumps.
87,500
731,537
under
"Earned
of
held
share
'•
_
Experimental and development
Interestt^qn bonds__:
ing Co., and thereafter moved its manufacturing
456,179
623,031
269~896
payrolls, etc., exps.
contracts——.——
preferred stock—
—
^Reserve for est. Fed. inc. & exc. profs, taxes—
Reserve for fluctuation in price of metals and
other contingencies
——%———-----7% preferred stock (par $100)
Common stock (par $50)—__——
—
Capital surplus
•—■——----Accrued miscellaneous taxes,
Dividends
each
for
EFFECT
GIVING
'")■
:•
successor
as
Jaeger
$1,562,773*
$791,882
——
stock
Capital
entire
Accounts
share
one
shs.
stock'-(15,000
28,100
profit from
Admirjt,
■
>
$19,564,404 $21,120,213
:■ ,a. ;;{a;v
of
i
_
Total,, income
provide funds for the discharge, so far ag the same
reach, of bank loans owing by the company as of Feb. 1, 1946, in /
aggregate amount of $1,200,000, as follows: (1) To Ohio'National
Eank of Columbus, $500,000 borrowed on Dec. 12; 1945, for one year,,
and $50,000 borrowed on Dec. 19, 1945, for 90 days; (2) to Guaranty,
Trust Co. of New York, $500,000 borrowed on Dec. 12,
1945, for one
year and $15j0,000 borrowed on Dec. 19, 1945, for 90 days.
: ,
■:.ry
The proceeds of the bank loans were added to the general funds of
the company and were used to replenish working capital.
'
1
'
970,716
19,247
——..
\' liabilities—
,
277,767
"422,163
JFixed assets (net).
Deferred charges —
Total
one-fifth
•
preferred
(100,000 "shs.-no
,;A 'y
Other
■
stock
insurance,
$24,697;
expenses,
bonds,
Calendar Years—
1946.
21,
p»
the
4,79b~302
970,691
238,455
•;
•
—
■
A
prepaid
-'■>
accrued liabilities, $5,144; deferred credits, $203,763; reserve
?n' $2,612,376; contributions in aid of construction,
:,noVrplUS' $459'214; total. $12,277,453.—V. 152, p.: 2555; V.
ly21.
'
;
may
:>•>',
3,152,477
6,531,431
of Canada cap. stk.__
Bersted Mfg. Co. 4.2% debs—A—.
Post-war refund of excess profits tax (est.) —
Co.
Silver
coo
Net
Such rights expired March 19, the stockholders having
subscribed for 28,047 shares.
v'r: ^
1
749,624
.
————,
International
/;; '
1
of
rate
Feb.
$1,646,167
5,014,374
$3,271,435
♦Accounts & notes
Inventories
stock
(5,106 shares) of the 33,153 shares of
(no par) not subscribed for by stock-
»92,749;
capital stock
'
Series
Keyes Fibre
holders
the
•; A>>1944
1945
^
100,'
PURPOSE—To
DEC. 31
& municipal
S. Govt.
Agent—
33,153 shares of common stock were offered by the company to
of Its common stock for subscription at ,$24 per share at
The
•
the
$7.35
>
Cash in banks
portion
common
$2,158,506
SHEET,
5^-
City Bank of New York has been appointed transfer
stock 4% series and common stock.
1429.
'.V / ' VV 'r'"'
^1:'
holders.'
$2,782,1.00
350,000
273,594
$3'^n'nnn
1
U.
1,761,855
2,158,506
,
scribed
cost,
$9,993;
"
\
accounts receivable, $34.$2,099; unbilled sales, $60,600:
assets,
series A due Dec. 1, 1961, $5,745,000; note
payable—bank, $100,000; accounts payable, $112,883;' customers' devmuw- and -Interest accrued
thereon; $137,801; -taxes accrued including
Federal income
taxes, $166,581; interest accrued, $18,050; other cur-
Co.
$1,020,245
miscellaneous
average
expenses,
^common
mortgage "334 %
Jaeger Machine Co. — Stock Offered—McDonald &
and The Ohio Co. on March 21 offered the unsub¬
125,000
547,188
,
•;
BALANCE
;V
other
—$5
National
163, p.
$232,336;
other current
$12,277,453.
$1,500,0.00;-
'
.
.
and
total,
agent for the cumulative preferred
—V.
Iiooooo
350,000
31———.
share
Earnings per common
ASSETS—
*
;
and
,and_ supplies' at
taxes
$1,145,245
.100,000
$1,277,973
2,894,978
—
Dividends on preferred
.-Earned
2818.
p.
Jack & Heintz Precision Industries, Inc.—Tr.
The
$4,410,245
3,265,000
;!
$1,551,264
:
100,000
1—
surplus —A
112,020 •; ;45,476
$1,377,973
,
—
———
surplus, Jan.
Total
162,
expenses,
toic
metal inventory reserve?
Sumlus
total, $9,402,457.—V.
713,545;
$4,364,769
$6,353,264
4,802,000
profit before special approp.—.—
Earned
757,762
-
$6,241,244
$5,347,973
3,970,000
ji-AAuUAiA—-—•
Estimated Federal taxes on income.
income
Approp. for
and other
761,969
$5,226,412
121,561
Operating profit
Qther income (net)
401,654
407,920
429,202
647,601
——
t;
Total
2,115,853
of bldgs., machy.
deprec.,
and
'tfr
29,311,599
receivable,
586,v deposits
materials.
$1,440,336;
installment on 4'/a %
1946, $50,000; taxes
payable
(other than Federal income), $260,609;" salesmen's security
deposits, $121,260; first mortgage 414% bonds due March 1,,1962,
$2,500,000; 4*4% debentures payable in annual installments of $50,000
each
March
1 to" 1955, $450,000;
$5
cumulative.' preferred stock <;
(64,081 shares no par), $640,806; common stock (par $1), $305,442; /
capital surplus, $9^0,460; earned surpius (since Jan. 1,
1938), $2,LIABILITIES—Accounts
Monday, March 25, 1946
accounts
prepaid insurance, taxes,
rent and leasehold expense,
Unamortized debt expense, $37,800; total, $9,402,457;
payable and accrued
debentures due March 1,'
.
$38,34^387 $33,536,639
25,896,601
29,502,668
adm. & gen. exp.
Cost of sales, sell.,
* <
FINANCIAL CHRONICLE
THE COMMERCIAL &
1568
31, 1945
ASSETS-APropertyA plant and equipment (Including intangibles of
$45)1s .$11,730,631;' miscellaneous investment,,, $1,Q00; .cash, $88,762;
This
corporation
and
Charles F. Noves Co.,
of
49th
St.
its
Hotel Shelton—
associates
have
purchased,
through
the
Inc., the 35-story Hotel Shelton at the southeast
and
Lexington Ave.,- New York, N. Y.
The plot
is
140 feet on Lexington Ave.,
145 feet on 49th St. and 40 feet
on
48th St., comprising 23,000 square feet.
The purchase was made
from the New York Life Insurance Co. and the Noyes organization
arranged $3,000,000 of financing at a low rate of interest fojr 15
corner
years..
"^he Shelton (Hotel has, 1,100 guest, rooms/
It has been managed by
Volume
' Number 4475
163
the Knott
for
Corp.
the New
Life. Insurance Co.
York
since
,
Chairman of the board of the Knott Corp.,
effective March 30,- when the right of preferred, holders to
plan will; expire. ; Only holders of the present pretheir stock >and hold certificates of de¬
posit will be entitled to the exchange, XXX/'X-V
v
Under the plan,.one share of $3 first preferred
stock, one share of
the
March,
1&35, vat .which..time the foreclosure .cost was..approximately. $4,700,000.
' In announcing the purchase-of the Shelton Hotel, David H. Knott,
,
stated:
■
cash
ia Roche Lombard Odier Inc.—Transfer
Ji
The
,
Chemical
appointed
X
Bank
transfer
<fc
Trust
Lake
x;
Co.,
'
agent for the
6 Months Ended Dec. 31—
/Profit
ft
'
been
Superior District Power Co.—Annual Report—
■
XX'Xi
XX
.
.
1944
.
Other
per
share
was
per
share
by
value of
changed
in
changing
$20
1945
into
shares
each
$75
West
Utilities
share
the
of
into
Libbcy-Owens-Ford Glass Co.: (& Sub.)—Earnings—
''
Sales
shares-"Of -thepar
.aJflorcAvi-. .'
3.75
each.
May,
1945,
North
company
pany's
to
ceased
be
stock
common
affiliated
with
is-now-held by
holding
any
about
Earned
1,800 stockholders.
proceeds
from
the sale of
these
bonds were
first mortgage bonds, series A,
ing of long-term debt effected
'
•
per year.
,
:
In
:
.
Shares
of
of
called
shares
5%
fqr
1, 1966.
This refundinterest charges of $28,000
"■/
XX
%;
:
,
December, 1945, company
5,000 shares
•
preferred
stock
redemption
reduced
the
called
at
the
redemption
$107
Jan.
on
share
per
selected
were
outstanding
shars to 30,000 shares and
stock by $25,000 per year.
for
8,
of
amount
: ;
dividends
payable
*
;
.*■
'
revenues
$2,839,983
1,023,749
.
Maintenance
Federal
^
*—*—
than
Federal
income and
excess
profits taxes-X^X-lX'''
General
discount
of
income
manufaoture.
Dividends
and
(net),;
!
on
cum.
common
pfd.
'utf »■'* "«wy
4+ «w»
stock
tTdBTf
24,948
25.000
%
'•
2,513
to
v.
j
•
l Pre?rred
.
laboratories
175,900
X-$i2,500; contributions in
€68,483.-—V.. 163, p. 905.
aid
of
V.
1.
V
1975,
preferred
construction*
stock
$51,111:
authorized
,
26 Weeks Ended Dec, 29—
all
A
v 1944
charges and taxes.
exchange
of
,
v.
of
Years Ended Dec. 31—
'
*
Net: sales_i.—_^.
after
on
'."t'ii"■,
the
for
reserve
1944
-
$1,752,722
290,131
Govt,
accounts
and
LIABILITIES-Accounts
payable
and
I,".,
for Federal and State
$2,136,092;
capital
surjllus, ' $143,618;
,V.; 161,.p. 881,-
taxes, $13,233;
(75,000 shares, no
stock
operating
deficit,
cash
par),
Income ($459,981).
.
.
BALANCE SHEET, DEC. 31, 1945
;
and
accounts
•
,"Vx'
..
profits tax refund bonds, $772,542;
after reserve, $65,000 (accounts with
excess
receivable,
to
glass
facilities
gency
o
in
prior
amounting
years
X duction of United States Treasury
X interest
amounting to $3,003,OCO),
a
to
reserve
cover
any
Activation
163,
but
1939
of
in
in
April
were
17,
$3
follows:
as
»,
v
V.
stock
on
Feb.
(
preferred
share
per
:
•
_
_•
,
.
While:
locomotive
no
of
sales
billed
and
after all
1944,
and
income
excess
<'/•
.
-
"
In
for
it
being
to
X
J
1,436,922
\ " 236.802
determined
wlll!fm
.,
of
$2,230,000
,
X:'...."
■■
%
-
•
;
.
R0gers
Coe,
director
a
of
Slen
of
this
Cove,
:
Long
He
company.
is
ssrrssssr
X
a
director of the Lake Lajids
4
.
^
:
^
,
Louisville Gas & Electric Co. (Ky.)—Weekly Output
*
-
Electric output of this company for the week ended March 16. 19^6,
totaled
25.496,000 kwh.
as
compared with 21 .**R.000 kwh. for the
had X
Years
tracts; the; amount provided^ therefore,- was in excess pf that required,
by $5,784, which has been included in the 1945 Income Account.
Renegotiation proceedings in respect to the company's war contract sales
in
1945 hovp nnt. vpf. hppn inif.inf.pH
have not yet been initiated, hut nrnviclnn thorofnr Viqc hppn
but provision therefor has been
made
1943
discounts
will
base
supply
-
Corp.—V. 162, p. 3194.
completed in Nov.,
profits"
<
-
16.5%
"excessive
■
Island. N. Y„ has bedn
Vice-President and Treas-*
urer as-well
as
a
director of the Virginian Railway Co., a trustee, of
the East River Savings Bank, a director and member of the executive
with the War Contracts Price Adjustment
that
Ontario
the
,
Long Island Lighting; Co.—New Director—
"elected
Decrease
were
trade,
/
'
'
21.0 %
contract sales
Canadian
Wyoming Land Co.; and President.and
$10,900,550
war
its
to
P- 906.
renegoti-
1944
1944
Airlines,, and
addition
export spare parts to South America, Afr^a and , Australia^V. 163,
were
1.200,120
with respect
Canadian Air Force; such Canadian air¬
f HI
"""u "
J1""
Airlines, Maritime Central Airways, Canadian
corporate and private airplane owners.
Trans-Canada
as
Pacific
.
$51,786,461
!profit
Mr. Hill will assume the duties cf General Manager at the,
14s> and 18s to the Royal
I8s to_the Royal
'
lines
$40,885,911
billed
on
■
-
net
and
In
March
formed
Ltd.,
announced
spare
on#!™^
profit" for
includirig pro¬
the
taxes
Canada,
was
,
194.
contracts
charges,
profits
of
days,
the parent corporation.
issue
later in the year a Government contract for
approximately- $3,400,000 was terminated.-
compared with
Corp.
war
from
for its
record
of
this
163, p.
..
Aircraft
earliest
Ontario plant, assisted by Paul P. Pierson.
Reagan
C. Stunkel,
XX'.'General Manager of the Lockheed Aircraft Service, will have direct
1, April 12 .fc- supervision of the Canadian spare parts branch.
t
r't>
4-, 1 f
,{'
The Canadian office will supply spare parts for Locxheed 10s, 12s,
holders
made
was
was
$2.50.
the
on
of
to
25
share
per
1945
Oct.
and
arrears
dividend
uiviucm
a
«.
payable
since
Canadian
space
i
declared
ueciaieu
Lockheed
.office has acquired 60,000 square feet of warehouse
Fleet
Aircraft,
Ltd.,
in
Fort
Erie,
Ontario." Canada,
parts department, which will open April 1, 1946. •?"'
Officers of the Canadian organization are* Robert E. Gross; Presi¬
dent; C. A. Barker, Jr., Vice-President and Treasurer; Carl B. Squiet,
Vice-President;; Cyril Chappellet,
Secretary;
D.
E.
Browne,
CompXtroller. and George L. Hill, Assistant Treasurer and. Assistant Sec-
Elected—
$2.50
of
dormant
by Robert E. Gross, President of
1430.
p.
_
the accounts for the
in
year,
based
the
on
settlement
,
JJf®-
31
'
~
**
1
,
- "r r
General taxes
made for
1945
X
—'""TW-L
:'i MalU tenant 5
TT
26,743
Retirement
% 15,362
17,346 f
accruals
res.
$298,329
19,320
13,967
'
„
178,054
14,718
25,781
'; 22,057
,f
"•I. 22,057
$42,503
21,395
'
xl $42,356
'
X $56,548
$12,000,000, which, :jvould have expired on June 30, 1946, was Cancelled
on Nov. 15. 1945.
*;
Capital expenditures, for manufacturing facilities during the year
were $1,020,935,
60% of this expenditure, amounting to approximately
1943
■>
$318,823
188,569
19,220
27,154
217,783
a,-
rf
1944
^1 ;
$353,782
Federal income taxes—
....
•
End-Dee.
oKhSv
the year 1944.
The VT loan agreement -entered into on July l, 1944, with the company's depositaries, providing for a revolving credit in. "the amount of
■
X'l
8,486'
4,402
$65,034
X
Gross Income
$46,204
:v,$46,905-
t
: X
Income deductions
%
18,783 " / X- 19,812
$615,00Q,. covered macnine topis.:ana .ether faculties purcnaseci xrom
$bio,yu(),.,covered machine tools .and ,ether facilities purchased from :-v
of.
«
X" ;
*
Xthe British GoVcrnmeht anA -iW TTr.Hi.rf States Gove'rhmcht; whiCh-hadX'f;X WX: .
an(l thfelUnited eioiocmkiA-trodfe1
i%*-Xv
X
X
^46 052
$27,094
$46,252
been nroVided'by them'under the provisid'rfs of contracts fo»* tlie build-^
.»
s'. 02
:
$1.02 -XI $0.60
ing of "General Sherman" army combat tanks in the buildings known
g pemsnare
as
$258,607;
the
Lima
Tank
Arsenal; which
were
constructed
••
for; this
With this" purchase
of
the
facilities
Governments
$6,181,135.—
ordnance
the, company has • now-' acquiiied.yhwne^hiB^w-|iirX*%'
which were provided by both the British "'aftd
for
materiel*
the
production
with
the
of
combat
army
except ion of
the
U.
S.
tanks
ahd"
2X1-.20,637
,
purbb'se%
4
r.*
un
v
-
'whL*
-
"
-'iif
p!Vv.
,
$25,567
$8.57
;
«^i-<^^ARATIVE- BALANCE SHEET
«Mer
Governjnent-owned
3,848
>;
i
,
%X
for
$120,416;,: total,
profits, tax ;ih
refund of excess
tAccelerated amortization
Taking into account the credit for. Federal. income. •corresponding week last year, an increase of 18.8$
'V. 163,
and excess profits taxes which had been paid thereon, the amount due
the Government under the renegotiation agreement was $592,216, payment of which was made in Dec.,
Lynchburg Gas Co.—Annual Statement—
1945.
Provision had been made in
contingencies,
$3,750,000; capital
-
.
t
each;
Federal
sales
1945,
$2,430,964
249,146
charges,
reserve
post-war
422,114
,
r.,j:been realized.
$702,207;
accrued
$7.43
$5.68
expenditures on cost-plus-a-fixed-fee contract with the
Government, $142,913; inventories, $8,785,746; accident insurance
(see contra), cash, $37,210; U. S. Government and other marketable securities (market value, $342,263), $313,927; property account
% (after reserve for depreciation and amortization of $6,719,647), #4r
5 c 632,424;
drawings, patterns, dies, etc., $266,423; goodwill, $1; deferred
X charges, $223,657; total, $21,906,422.
'%
X
.Mt Day,
1945,
for
Board
111,000
sundry debtors,
on
life*of officer, $9,227;
r;
investments, $40,800; land, buildings, machinery and .eq.uipmen(| (after
>r
reserves
for
depreciation
and
depletion
amounting
to
$4,840,868),
),
$3,872,753; deferred charges, $9,830; -total, $6,181,135.
:
15
stock,
|I Renegotiation proceedings
securities, $1,000,000; accounts
amounting to $8,500), $60,432;.inventories,
$15,409X cash, surrender value of insurance
reserve
March
lviurcn
Payments
^
$2
are
as
year
,Net
^X-
134,949
doubtful
$1,567,648
$6.81
527,643..
fund
£i*srlrat%B4 adJustments applloaWe ""rto"eMs-is
BALANCE SHEET, DEC. 31, 1945
"ASSETS^-Cash, $470,476; U. S.
'
general
devoted
space
4
involving
summary of the amount
vision
.
$2,084,647
chgs. and deprec.___
receivable'(after
4
the
the
to
stated.—V.
required,; the report; state'
approximately- $13,400,000.
A
$202,779
$0.95
Liflrnill
X^xX-.X;X-!:*
v-
plants for the Plaskon
addition
through
made
^
preferred
last..
last.
l,
1,
-
locomotives,
April-. 15. ,1946.-
1945
-
$1,436,923
527,642
$1,200,120
share..—__
-•
U. S.
Philadelphia—$3 Preferred Dividend-
distribution
A
cancelled
the
,
120,000
-
X unreimbursed
Samuel G." Allen, Chairman, states in part:
•'
I
•
i VJ Day brought with it the termination of the
Company's war contracts for power shovels and cranes and parts therefor in the amount
1943
:
requirements and
Lawrence Portland Cement Co.
•
in
1945
$0.92
dividend
155,069
X U. S. Government departments, $3,115,874), $3,944,260; receivable frbift
te?.U. S. Government departments under contract terminations, $354,746;
VX'X-.
•
■
been
could be
'•
directors on
aireciors on
15.
Feb.
Peb.
Net
,$198,975
$1.15
class
277,692
1
was
new
an
double
,
„
,t;»nmhanged have been called lor redemption.on
i
will
$15,-
remaining preferred shares for
class A stock has been extended to
April 13, 19461 Some 10,200 shares
cf the original preferred issue have been
exchanged and all remaining
Net loss
905.
% and July 2,
X
Dividends
stock
$225,419
♦•-Earnings: per class B share
•
visual fronts
bills
Zier, Auditor since 1934, has been elected Controller.
cumulative
ou
lings-
1945
.r-tNet
tAfter
H.
p.
The
April
($1
par),* The stock has been admitted to trading privilege
on the Detroit Stock
Exchange where the 440,000 shares,
previously outstanding, are traded. Price approximately
$liy2-$12 per share.—V. 163, p. 905. •
<
t
for
which
and
dividends,
total,
;
common
Langentiorf United Bakeries, Inc.
X
profit
common
27,615
/
excess
interest)—
ASSETS—Cash, $1,832,574;
X
Lima Locomotive Works, Inc.—Annual Report—
| 000 shares of unissued but
shares.
i-
14
163 ,
the
Lakey Foundry & Machine Co.—Common Stock Placed
Privately—Buckley Brothers have placed privately 50,-
period
two
are
$5,000,000,
has
fairly
Lit Brothers,
xx;
The
provision
Edward
ird
$628,164; accounts payable,
for
reserve
5,784
,
of $13,458,257
jLionel.Corp.-r—Controller
x;
st0<?eJPar 5100>• $3,000,000;
deposits, $38,395;( accrued taxes, $312,758;" accrued
deferred liabilities, $93,947;; reserve
$3,075,206;
and
(incl,
deducting $522,000
on
The
^interest, $51,737; ;otheiv $17'189;
class B
Xaxes
XX''-%;X
160,196
due Get.
/r,
income
690,000
350,COO
contracts..
war
1944 and $196,000 in 1943.
of war emetV
gency facilities for years 1942, 1943 and 1944 ($629,351); less resultant.
Xclaims for renegotiation rebates ($114,300), and for refunds of Federal
p. .654.
^
A.-3
series
.
stoc^' $2,670,000, earned surplus,
$117,475, customers
preferred and
^
modern designs of
airplanes, and for
of
•
the sum
about
cost
refund " which
:
$399,160
•
186,899
—
bonds,
♦After
and
>
in
glass
*7,350,000 *13,150,000
contracts—
paid —.4.
per
•After
•
TTTTC-'
depreciation,
buses
of
uses
4,550,000
-
re¬
to $574,281,-and after desavings notes at cost, and acctued
$1,086,631; advance payments bn
-..research
activities.
During 1945, according to the report, Libbey•^contracts, $2,365,462; reserve for accident insurance (see contra),.
i£ Ownes-Ford spent $1,725,558 on plant improvement,
i;v^ •:>' $351,136; reserve for
contingencies, $2,150,000; common stock (211,057
President Biggers stated in the report that renegotiation of profits
shares no par), $6,331,710;
capital surplus;, $3,216,953; earned surplus,
X realized from war contracts during 1944 has been completed and
$4,372,029; total, $21,906,422.—V. 161, p. 1544.
'; ' ; ; "
resulted in a net refund to the Government of $1,577,010.
Provision
^
for excess over the reserve set up in 1944 was charged to 1945 earn¬
ings. - Renegotiation on 1945 business has not yet been completed. §
Lockheed Aircraft Corp.—Canadian Unit Resumes— t
XX/.: 1,725
$414,732
X 175,556
stock—
structures. '- To
1
•
for,
.
:
8,088
,.
of
types
many
and
.
types
.
1945
Division,
However,
*/'. <4
;
Sn l,?
"
'
expansion program
T
'§ 196~000
25,000
;
——X—
Earnings
(
conventional
$9,301,862 $16,007,234
17,324
321,895
LIABILITIES—Accounts payable, $1,463,387; miscellaneous accrued
appropriated front- X liabilities and
sundry reserves, $569,114!; reserve' for Federal dncottfe
the
plant improvement fund for allocation to current construction
'and excess profits taxes and for
renegotiation of war contracts (after
projects or those planned in the near future, Mr. Biggers announced. ;
refunds claimed arising from accelerated amortization of war emeriIncluded in the
■
X $649,346
-
1,865
intangibles
in
in
areas
war
taxes
Net
Dividends
continuing
-
82,174
and
.
22,832
X
glass
expanded
cars,
the close of
At
43,228
191,956
larger
specified
.
398,600
$961,972
297,500
expenses
15:41
for
-
railroad passenger
$606,118
_
for
-
.
for
also noted
report
commercial, buildings.
BALANCE SHEET,. DEC. 31, 1945 '
ASSETS—Utility plant, $13,326,287; investments, at cost or less,
$275,981; cash, $688,075; U. S. Government securities, at
cost, $560,800;
postwar refund of Federal excess profits
tax, $37,350; accounts and
notes
receivable
(net), $223,634; materials and;;supplies, $134,561;
prepayments, $30,898; deferred charges, $390,896; total,
$15,668,483.%?
•
The
•
110,567
—:
deductions
income-Dividends on 5%
%
being
was
demand
305,586
reduction-;-,
XV, Net
-
and
current
315,916
'interest.
Amortization
X-
homes,
of
use
research
of debt
appropriations
thermopane, the report stated, the wartime
Plexiglas forming plant in Rossford, Ohio, is now being converted to Its
<;
1,008,157
$918,783
JXX%L-:%X''"f;'t
Amortiz.
Other
meet
$2,744,944
43,189
Special charge equivalent to tax
Interest on long-term debt---
.....
of
'
Gross
■;
1944 X*
the
expanding
207,40ft
XX
adequate
*
283;265
$
with
-
314,947
X
X,%.
income———
Net operating income.
xOther income (net
?
together
.
91,839
Depreciation
Taxes, other
■■■'
from
312,917
519,154-."'
.
$9,139,927 $15r743,494
161,935
263,741
war
Federal
tanks
It was stated that the company and General Motors Corp.
extended their contractual relationship.
In the housing
field, the report stated, the company's thermopane, a prefabricated
double-glass insulting window which made the solar house possible,
•.
X
Operating
Operation
y
for
resulting
Delays
..
had
1945
in
was
■>
STATEMENT OP INCOME FOR CALENDAR YEARS
••
Day.
Detailing
r
•
to
noses
V-J
•
$5,730,768
150,810
—
Income
taxes
of.
renegot.
profits
■i';; passengers.
such
on
,
after
soon
1,065,306
possible
other
For
$2.88
the expanding applications of glass, the report, disclosed
that Libbey-Owens-Ford, principal supplier of glass to the automotive
industry, notes a trend in car design toward increased visibility for
'
■ y
by
,
-required,
are
1946,
lot.
This redemption
preferrd stock . from 35,000
5%
from bomber
for
■"
1943^
42,127,380'; 74,612,067.
34,089,836
amortiz..j__
delivered
flat glass
research."
dividends.
and
$1.24
■■
1944"
$5,881,579
profits
For
7,350,018
company
vision blocks
31
DEC.
'■
-
inventory losses
contingenciesAdjustments of prior years' provisions:
2,554,296
-which-
and
Federal
and
.
applied to retire $5,600,000 \-
saving in
under
Prov.
1
3,165,948
2,554,296
...
for
•
.
.
/
for
negotiation
1944
'
and other industries has delayed reconversion.
jO'^Thete^&re new and expanding uses of glass ahead," John- D. Big-gers,-President, told the company's 17,248 shareholders.
''To prepare
for this expansion, large capital investments in new productive facilities
3Va%, due Oct.
a
contracts,
canceled
the
strikes in
Company issued and sold in November, 1945, $5,600,000 :first mort¬
gage bonds,
series A, 3%, maturing Oct.
1/ 1975,* at
101.55.
The
-
were
1945
in
'
.
Not stated
—_
Practically
all
war
7,521,670 units ranging
Com¬
.company.
share
per
1945
$61,381,868
Common
Co.,
owner,of the "entire1 out¬
standing common stock, disposed of its holdings, consisting WLte,500
^.shares (par $20) by making a public offering through Underwriters,.
The offering price of the
stock, determined by competitive- bidding,
/was $22.50
per share. ."With the completion of this transaction the
.
'.;i.'•
——*
income after charges and Federal taxes—
shares outstanding
„—__
•Net
'
In
Calendar Years^—
ENDED
.
charges
excess
$20
value-of
par
orders
$40,885,911 $51,786,462 $90,668,477
.
income
Provision
With
.
YEARS
operations—I
from
Total
•
the.. approval of the P.S. Commission of Wisconsin, the
Michigan P. 8. Commission and the Securities and Exchange Com-X
mission, the company's common Stock which had a par value of $75
deprec.
Other income——
-
-
for
Profit
$0.81
.
ACCOUNT
————
sales, incl,. sell., admin, and
general expenses
400,000
'
'
/
•
,
-
Prov.
$323,512
$0.67
Unfilled
France.
'
.
1945
/'/-
400,000
$0.35
-
'
382,000
$142,691;y:. $267,733
,;y-v
of
practically equivalent-to the total sales
Cost ol
;1943
y
-
railroads
1945.
"
.
267,000
> 7
sh^resiXXxXXXX'X 400,000
per.share^:.^—————X162, p. 3194-
—V.
;;
142,000
>
Earned
•
%%%
1945
^
for. the
cranes .are
INCOME
taxes-—/X-XX; $284,691Wm*-$534,733 -$705,512
;
-"Number of
>
Corp.—Earnings—
Federal 'laxes—-l.—--;—X,,.
profit *
capital
Net
,y
-y
:■
Federal
before
for
.Prov.
N. Y„ has
preferred stock; V
and
p.
Is
and
,
Division during
that
preferred, one share of common- stock and $7.50 in
exchanged for each share of present preferred stock.
1430.' X',- '%'"Xlx
1
to
Lehn & Fink Products
I
y
York,
New
common
of
hand
shovels
power
Sales
Agent—.
-xx' x%' \%
x.'x \1xx.
to $36,150,000, compared with $26,868,500 at the close of
increase of $9,281,500.
The greater part of' the locomotive
an
orders'on
be
are
163,
V.
Winslow,, Colling wood and, Bryant. Hotels in INew York, the DeWitt
Clinton in Albany, N.'Y., the Powers in Rochester,
NXY.J and the
Pitt.sburgher,'in Pittsburgh, Pa.,"r-:V.; 159,. p, 2522;
tjn '
v
1944;
50-cent .second'
cities... Our. purchases-are made for-investment and-not speculation, as
hotel operation and management is *our sole business. "" We operate
linearly 40 hotels including, among others, the New Weston, Wellington,
..t,;
amounted
who. have ^deposited.
ferred
"The purchase of this property is in line with our policy of acquiring
first-class hotels and apartment hotels in New York and other large
,
plan
deposit; under, the
v
X-
:
COMMERCIAL & FINANCIAL CHRONICLE
THE
j'-m '"MiifKjHvf -••b'i-?
TTnpnmntihPrPd
•-]<'%-«'
1945
$lv$99,142
*
^
$1,278,476
XJe$9j689
-
•
1944
.
40,-263
*
917
■V
?
(R. Gi)
Rioted
'■-"•The
>'S^iel&an
plant.-.
»
*
LeTourneau Inc., Peoria, 111.
—
Official Pro-
.%n;
has
announced
as
Vice-President
He
was
formerly
and
appointment of Oscar W.
Manager of its Peoria, 111.,
Manager of the Beaver, Pa., plant,
General
,
Nelson
Milwaukee,
sultant,
*
to
Vice-President
was
Wis.,
sales
while
and
General
ana
handling
production,
other
advisor.
Manager of
assignments
He
has
the
as
Muhler
financial
served
as
Co.,
con¬
Assistant
the president of the
Vcss Washing Machine Co., Davenport, Iowa,
and ftlsq,I as, plant, manager of the Powers.
Accounting- Machine-Co..
Kingston. Pa—V., 163., p. 1430..
%
X-
of
;to
which have
been
*°y
•
company.
period.: war emergency "facilities were acquired at a
$1,949,493.
It has been the company's policy to amoj-tize. the
these facilities over the period-of-trhe wai
the
war
'*•
The
March
Corp.—Recapitalization^^Approved
recapitalization
20.
plan ' was approved by the
stockholders
'•" 'iX" '
' • ' "
X
''''' 71% of the preferred stock has been
deposited for
on
X
.
More
»>
than
changn'.under tht-.plani
ex-
It -is* the intention-of the corporation to' make
.>»h
r
•
-
50*219
-to..
'
25,016
'>.br»f>ri34t930(
uppltes^^to3-4Ztl^lan.-^-000,OOl9.00l:.rX
emergency;;fev^iotx*"
exceed *60 .months.
•"%
pnt,
p
/
■
-jaaxaial
boinAOlS-X-
Amortization charges for the years-l&4^xr943
^
z&w _idOb
ha8i4&2
and 1944 were computed on the basis of-^rt1 amortization pfertd^'^60...
monthi. On Sept. 29. 1945, the Presidenf'o'f the United Sta^^'sged 'r*^w
auuii &ic£Jttkv- $lv450,234
a
proclamation ending, on- that date, the emergency period luting
j?%2.c tXX v
♦'«
0",»
normUMnn,
^b'elerate
LIABILITIES— -XXX'.' r.v
to war emergency facilities; thus pennitting taxpayers to ttcbelerate
--n,
.'"LIABlLlTriES-r-'X-'-v.'Xvi:'
*
17.449
5475
1,146
—w—
$1,418,661
»«««««
-
,.
.
"the
amortization
of
amortization. period,
such
facilities.:
amortization
On
charges
the
basis
of
the'
shortened
1945
amounted to $843,485.
Additional amortization charges on the basis
of the shortened period, applicable to the
years 1942, 1943 and 1944,
amounted to $629,351.
Offsetting this additional prior years' expense
is the amount of $574,281, representing Federal Income tax and re¬
negotiation refunds which accrue to the company as a result of this
adjustment of prior years' earnings, the net adjustment applicable to
such prior .years being a charge, of $55,069..
•; ,%X
*250 locomotives wore- com Dieted in 19a.5, comnared with ,'mg in ]°44.
The 1945 sales of the Shovel and Crane Division practically equalled
the sales in the. previous •year,., which were the greatest in its history.
At
Dec; SI. 1945,
there were 199 locomotives,.on order,...jcorqpared
with 154 at the end of 1944.
The unfilled orders at the end" of the
yeaP lor locomotives,'* power Shovels "arid cranes and * 6thern prbducts
applying
to
the
*
Common
year
.
Lehigh Valley Coal
'/tf^iDecKB. • oifcMdebtedopsSL-oft.:
-
•
;
Division,
Curtlss, Wright Corp.
He will have responsibility
all.,Peoria operations, his duties including those formerly han
dlpd byl.penn M, Burgess, who recently resigned as Executive VicePresident apd director
Prior to his wartime association with Curtiss
Wright Corp, Mr,
ot
cost
tlie
General
purchase of
,; During
cost
corporation
.JPropeller
the
for
X
First
stock
Accounts
accounts
Reserves
•
in
450,000
442,000
8.861
5,624
5,547
20,212
254,273
aid of "construction—^.—;
342
239,692
215,277
215,277
35»645
24,897
——--
Contributions
$1,450,234-
Total
*Sold
-
27.221
Earned surplus
-
---
..
Capital surplus-
.
-
x?v19,069
payable:
Dividends declared;
Customers'
deposits
Accrued
<•-
' .450,000
3148——li—-T—-—~X; ^50,000
(45,000 shares, $10 par)-------
mortgage
privately- in
342
$1,418,661
*Decembe'r>%l945} through Welsh, Davis-* & Co.*
Chicago.—V.* 162*'p. 2274.
-;V;X;'"-f■
J
End) Nov. 30—
3 Mos.
—
Maguire Industries, Inc.
The
U.
;
authorized
also
All
RESULTS
-:T;^''7;i945",. M'-T 1944
'-^-^7, .•
Book
stock
the
of
value
Nov,
on
;
earlier.
the
It
upward," he said.
Wanamaker
John
that
announced
was
Operating
.(• rael,
111.
..Texas
V
trustees
income
by
March
on
cents
29.
t
4
1.673,720
in
York;
New
(,.r
to
60
declared
18
share,
per
from
dividend
a
payable
in
1945
investment
,:
'
to stockholders
follows: April 20,
April
were
20
as
Exchange.
at the
dividends
'
-
1'
•
4
•
,
of
50
cents
tht. 50-cent convertible preferred stock prior
earned,
v : ■?
) v ,•(■( ("■(: ;• ''v '()V, v:;•" v
Cost
'
y);
*
of
'
the
basis.
over
1
^
in
Redeemable
-""Net
cash
The
.
v:
Food
whole
represented
in
or
the
part on
result
Transport Service for "in-flight" feeding.
financing,
the
company
plans
operations to offer its foods
long-distance
bus
lines and
present
roads,
vania and
and other
places serving
.
additional
funds, is
ment.
Much
of
of
food.
Further expansion,
contemplated thereafter.
the
company,
basic
the
is
research
still in
has
'
j
jj
sharesJ
'' 1944
$85,262
'194S
commdn
;
,
(" 500,000
*( > 458,659
^
194?-
1
,
$48,014
*-\
"
415,962
-
;
$0:19
$0.11
Co,—Registers With SEC—
company
company
.
Of the
June
A, B and C at $110, $112.50 and $105 per share, respectively,(;(;(>
'with accrued dividends. The balance of the net proceeds will be added
series
the cash
163,
372,626
$535,318
$0.05
(,-:!' $0.58
■■
-
-
■—
•
which may be used for,expenditure
—
-
486.
p.
.
■'(
: (
.
•
"
(Jobin) Morrel & Co.—Annual Reportdecreased operating profits are disclosed. in the: annual
the company for 1945.
G. M. Foster, President of the comwhich is the nation's fitth largest meat packer, reported net
operating earnings of $881,360 for the fiscal year ending Nov. 3, 1945.
This is equivalent to $2.20 a share, and compares with $2,011,175
Bharply
.
;
renegotiation of contracts.
.
problems
been
income
.'>!:•
...
BALANCE SHEET, DEC. 31
-
ASSETS—
Cash.
Actual
I
—1—————i.————————
m
—.
?!
U. S. * tax notes———,—
(Tax
renegotiable refund
and notes receivable
and
Accounts
Inventorios
-
332,100
343,671
.519,094
586,088 •> 1,362,219
ha
for which
;(tures-' outstanding/
March
indicate
sinking fund will begin
a
to operate in
labor
current
situation
for an ) ,'
the demand
and
^ increase of 25 cents an hour in hourly wages paid to plant workers,
Foster commented; "Our plants are now operating under dlrec-
9o,
LIABILITIES—'
>
/
payable————
Other
accrued
..
.——
$100,000
?
•oQ'rihaQ
$^,3/1,jaj
$1,444,862
——
Notes
expansion of
rail¬
which
may
require
(
y
,
liabilities
revjcw
uncler
issue
the questions at
the U. S.' Department of Agriculture with
tion of
' 1
*
$263,671
:
;
'
and
consumer
230,436
for contingencies
Compensation
>6%
,
l#'35,468
reserves—
preferred stock (par $100)
stock (par $1)——1
-
——
by
board.'
government fact-finding
a
-
-5
>
(
■i
"
Stock subscriptions—
337,500
-
y.
;
-
•
48^723
519,565
$1,444,882
$2,971,349
>
,}■
,
■
■
COMPARATIVE
,
-•
■
'
and operating
ui
Nov. 3,'45
:•>';i'V>
-
Oct. 1ft '41
30,'43
$ '
$
revenues---.—! 158,264,379 187,456,579
$
200,957,411
m«„ :-s
\
153,350,073 175,973,740 189,895,148
sales & oper; expenses^--
of
tCost
TNCOME 8RTATEMENT
•
•
•
•:' ;
< :.
•. '-.v:-.
'•
Oct. 28,'44
Fiscal Years Ended—
Sales
.
Domestic Subsidiary)
(Including
/(;("■
.•■
668,210
>w;t v>
steps that
,.
'
Dr2l,758
—
-
r—
any
is established it is not possible for
would solve this controversy."
policy
Government's
initiate
to
•
)/■
*
467.500
467,500
■
surplus!
Earned
-
196,700
!
,$ui plus——————,,————,———————————
Capital
Total
*
acceptance
GIVING EFFECT TO
Common
stock
*475,000
shares
common
rights
extent
other
stock
which
of
than
cent
of
par)
—
stock
common
of the 50-cent convertible
renversion
of
(25
the
40,000
are
company
shares,
William
for
reserved
:*Net
L.
to
persons
Co.,
40 Wall St.,
Bank
&
Trust
istrar.—V.
New York 5,
Co.,
163, p.
AND
for- issuance
reserved
share,
461
issuance
upon
Ave.,
to
granting,
York
and
after
taxes
$1.49
.
""■( !
"
$1.61
taxes and renegotiation
charges, including Federal tax
with
the
its
of
The
1,
N.
Y.,
and
representing carryback recovery.—V. 162^ p. 3076.
one
share for
new
H.
C.
Waite,
on
March
authorized
capital
President,
18
stock
163.
(
at
rights for
each
toid
which
(-V'v/;>■■■''
five
held
they
shares of this
new
at
a
stockholders
approved
at
an
price of 58 a
tfteir special
the
increase in
1288.
maximum
p.
to
2,500,000
from
2,000,000
shares
of
no
par
Minneapolis-Honeywell Regulator Co.—Unit Expands
management
Manhattan
is the
reg¬
Total
company's
service
supervision
*
O.
J.
division
Co.
for
office
Brown
at
16
for est.
Prov.
;
Net
St.,
Co, division has opened a sales
Rochester, N. Y.,. to be under the
the past 10 years, having served as
industrial
with
6,367,539
485,314
589,219
352,272
410,313
369,455
6,903,154
2,414,546
8,378
the
manager
Brown
of
this
Instrument
sales engineer and in other
§150,463
-2-!
6,924,174
**4,913,000
(
Federal income taxes
profit
21,020
1,031,824
l—'—-----l!.
fUndistrib. net profit on
1,032,350
878,373
2,422,924
•V
975,000
1,031,824
2,011,175
1,447,924
Engl. subs.4;.)
289,352
,
1,737,276
1,029,526
$5.03
$3.62
(Including transportation cost.
**After deducting $320,000 debt re¬
tirement credit and $67,000 post-war refund.
§Arrived at as follows:
Retroactive wage increases, $1,000,000, accelerated amortization of war
facilities, $173,794 and provision for deferred Federal taxes, $377,943,
total SI,566,737, were 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 1945 and from accelerated amortiza¬
tion
of war facilities.
HFor the three years ended Oct. 31, 1942,
previously carried
suspense, transferred as dividends in 1943.
Dividends
Earnings
Instrument
State
Gerald L.
Britton
Richardson has been appointed
at Detroit, Mich.
He has been
of
11,062,263
2,557,205
1,022.948
Income
income
profits
excess
of
is transfer agent and Federation
New
loss
value.—V.
upon
exercise
will be
J.
The
N. Y.,
Eighth
tNet
meeting held
preferred stock and 40,000 shares
REGISTRAR—Bank
1431.
Nil
income
Miscellaneous
$205,677
127,335
133,095
probable basis for the issuance of
company
Maxson.
AGENT
133,095
(
'
gen;-
for
Balance
and
TRANSFER
Federal
credit of $188,000
PRESENT OFFERING'
connected
shares
11,482,839
1,094,359
Gross
Prov.
Profit:
1944
1945
$213,293
share—
per
After
provisions.'
613,750 shs.
contemplates
common
4,914,306
2,101,001
881,360
profit on sales————
& admin, expenses—deprec. and amortization
Property and misc. taxes———
Interest charges, etc. —
-■»(
(
Selling,
> ;,;C
;
Mining Corp. of Canada, Ltd.^—Stock Increased—May
•» 1,250,000 shs.
■'
and of
JAfter
column
provision.
t$74,717
of
Earnings
475.000 shs.
are
first
1946
profit
Number
Outstanding
possible
in
renegotiation
Issue Rights to Shareholders—
475,000 shs
par)—
$141,911
tlncludes
:(v' 6 Months Ended Jan. 31—
The
($1
stk.
column,
Micromatic Hone Corp.—Earnings—
,
*
Authorized
pfd.
J
„
for depreciation of
second
.
and development work and for other purposes.
conv.
—
reserve
giving effect to merger (mentioned above).—V. 156, p. 515.
OF
CAPITALIZATION,
—
After
$263,057 in
^PROCEEDS—The net proceeds .(approximately
$4,242,367) will (be gyailable.■for general -corporate purposes to meet
the financial needs of the company for working capital, for use in
purchasing new plant .facilities and additional equipment, for research
50-cent
'
matter
the
Until
us
35,468
r'.y'li'r
9
Common
during the period from Jan. 2 to Feb. 25, 1946.
APPLICATION
)
industry Is involved in a problem that is fundamentally a
in the hands of the Federal Government. The ability >
' "The
nolicv
113,561
459,270
5,000
35,679
—
for Federal income taxes
tReserve
Reserve
early stage of developcompleted and a number
has to some
extent been demonstrated by the sales made to date.
On the other
hand, large-scale commercial production has yet to be achieved; largescale
distribution
arrangements are still to be -completed;;sales to
date have
been limited in amount and, being of an-experimental
nature, have been effected at a substantial loss, operations of the
former Food Systems Division having resulted in a net loss of approxi¬
mately $480,000 for the year 1945 and operations for account of the
company
having resulted in a net loss of approximately $105,000
results;
,,
the
of
i Mr.
>
lotai
exhaustive
satisfactory
^
1949.
of
Speaking
29,476
.
.
"
charges,—--.
Deferred
(
year-end financial statement showed the company's current
be $21,145,246,- compared to current liabilities of $3,032,437.
During the year $800,000 serial notes were paid off,
reducing the
notes outstanding to $2,500,000.
There are still $7,500,000 3% debento
assets
220,187..
——-2—
-
'• <
k; The
i $198,959
75,000
(205,314
equipment (net)-,'""'
assets
Other
JFro Forma
50,000
213,200
-,,
(net)
-—-—a——————
and
"•Plant
-
$156,538
,.
,
>
carHed'to surplus for the year was $1,031,824, whichmade up of the operating earnings and a net credit of $150,463
from certain credits and charges relating principally to tax
refund
claims and
retroactive wage payments for prior years.
resulting
processing and handling precooked frozen foods have
tests of quality have been conducted which
of
solved;
\
was
■
*
of
,r
pany,
below,).;i
in net profits
*
report of
$39,054
\ v
$21,480
provisions included
the company,
funds of
capital additions; replacements and improvements to plants, proetc.
Smith, Barney & Co. heads the underwriting group.—
under
for
cesses,"
$162,691
$519,565
7*'
probeeds, the company will use $22,675,000 to redeem on
1, 1946, its outstanding cumulative preferred stock,
net
about
or
33,750
535,318
v/(,
—-—
<;
under carry-back
Corp, (& Subs.)-^Earnings—
"
.
„
The 316,967 shares of new preference stock are being offered by-the
to holders of" Its common stock tfn the basis of one share of
for each four shares of common held of record April 8 at
(
$196,441
,
$15,753>-
;>
I—
surplus
*---7
„
„
*
$0.25" "
charges and Federal taxes.—'V. 163, p. 195-
■
NOTE—The company Is subject to
an
been
had
were
'on March 15 filed a registration statement with Oie
SEC for 316,967 shares of cumulative preference stock, series A, oonvertlble into common before June 1, 1956) The dividend rate, on' prpferfed which is of no par value, will be filed by. amendment. *
■'
-»(•
45,OOO
tAfter estimated prevision for renegotiation.
purchase by airlines,
other
large
institutional
for
the District of Columbia, by the general public for home
and by restaurants,, hotels, soda fountains, luncheonettes
business
?)
3076.
p.
completion of- the
Upon
substantial
a
$17,997
surplus-
$ Refund
customers
t
The
/
,
3,214
h'-i
.,33,750.
*After depreciation and amortization of_—
*.1
apd
research
of
consumption
'
•
.
all outstanding 7%
redeeming
in
$181,224
The
■■!
not .loss
and
and, initially, in the territory comprised principally of Massachusetts, Connecticut, New York, New Jersey, Pennsyl¬
commercial
and
1946,
> Monsanto Chemical
068,800
Earnings per share
development by W. L. Maxson and W. L. Maxson Corp. in the field of
precooked frozen foods; commercial application of its products-had
Air
>
-
been limited principally to the sale of Maxson Sky Plates to the Naval
■> present
-
,
^er shares*
$531,441
a-
Surplus at end of period—)
;>>;>><>>
subscription, constitute all the shares of
Division
Systems
.
921,808
$528,227
,(.. (
.
def.$50,803
—-
1949, even if
to Jan, 1,
the company which have been issued.
(
1,723
•
Balance
r.
of its common stock,
Such shares, plus an
already held by The W. L. Maxson Corp. as
initial
an
783,324
of
1945,
There
"After
Year End.
def.$52,526.
profit-w—
Previous
609,750 shares
of
162,
of
V.
stock, on voluntary liquidation, to the extent
then in effect; on involuntary liquidation, to
share, plus accrued dividends, \
/ additional 4,000 shares
ii-T"
-1'—-s
Dividends
*
result
660,683
0
to
'
7, 1945, in
York, to operate in a new and relatively unexploited area of the ?
••'! food business; that of processing and distributing precooked frozen)!
foods and of distributing certain related equipment.
It began operatiens by acquiring the
assets comprising the former Maxson Food
•Systems Division of The W. L. Maxson Corp; as of Jan. 2, 1946, In
the
684,033
1,
Earnings
290,000
HISTORY AND BUSINESS—Company was organized Nov.
for
2,22a,874
Preference
Federal .income- taxes--——-L.';,
:
New
return
2,020,158
6 Month! Ended Dec. 29— • -
'
> • 933,553— 2,385,801
'.^128,631 •
231,324
incom^-—
Total income
price
the extent of $10 per
kii'ij&ia".*
■■•t>'*>'• /'
Other
common
redemption
2,285,050
Monogram Pictures
?
t$3,145,352
$ 1,009,658
sales--i-—
of
> Operating profit
payable
annum,
per
30 days' notice at $15 per share on or before Dec. 31, 1950, and
$12.50 per share thereafter,, in each case plus accrued dividends.
at
'
1,486,511
r
31,145^ June 30,'45
Dec.
selling,"etc:, expenses—-i.
Convertible at any time prior to redemption into common stock on
Preferred
April
on
company
'31;
tracts.
f
.
8 Mos. End.
•
,
$ Income tax adjustments—.
rate
than
-
1943
-
operating revenue during the quarter ending
$5,222,888, of which $645,412 was under war conno
war
contracts remaining: on the company's < ••
tracts
books at the end of the period, against $5X1,452 in war.contracts on
Oct. 1, 1945.—V. 162, p. 988.
The
Dec.
,
INCOME ACCOUNT FOR STATED PERIODS
sales--—--—..- J-«-->->!-
;, Net
1949,
no dividends are to be paid on the common stock unless a dividend of
50 cents per share has been paid that year on the 50-cent convertible
preferred stock; but the company need not pay or accrue dividends on
share
•
$6,412,261
Detroit
~
4
11
January, April, July and October 1 in each year; prior to Jan. 1,
for
;
$6,251,665
Mohawk Carpet? Mills;* Inc.—Eariuttgs—
Carpel
listed on the
Gerity-Michigan Die Casting CoV-stock is
The
I
v:
share
;
1944
.,
■
York, N. Y.—V. 163, p. 1432.
Number
Stock
'
a
•
$7,217,685
>
*
Entitled, beginning Jan. 1, 1949, in preference to the common stock,
'
1945
.
-
$5,144,317
The
(
this company and of the: Gerlty-Adrlan,, Mfg.
Corp. 'on March 4 approved- a merger of-these companies,(the. surviving
corporation to be known as Gerity-Michigan Die Casting, Co.-with an
authorized
capitalization of 1,000,000 shares of: ermmon stock, of
.which 337,500 shares ale to be issued .on a share for share basis in
exchange for the outstanding common stock ot
the; Michigan! > Die
Casting Co. and 130,000 shares are to-be exchanged for outstanding
i Gerlty-Adrian Mfg. Corp. common stock on the basis of 2.6 shares rof
.the
new
corporation in exchange for each Gerity-Adrian common
of
stockholders
The
■
)( share.
Systems, Inc.—Preferred Stock Offered
> issue.
':>/
■)(
:1946
.
-
prference shares, which have been called for redemption on April 2,
and for other purposes, including improvement of manufacturing
>>.! The plan of consolidation also provided that an additional 300,000
shares of the new stock would be publicly offered at $6 per" share.
>
subscription privileges,' took a substantial part of the
v
Paul,
1946,
j
Marshall
>—F. Ebcrstadt & Co., Inc. on March 19 offered the un¬
subscribed portion of 475,000 shares of 50 cent convert¬
ible prefererd stock (par $1) at $10 per share.
The
stock offered as a speculation, has been oversubscribed.
'Stockholders of W. L. Maxson Corp., who were accorded
*
First
St.
will be paid on April 1, 1946, on the adjustment mort¬
company, New.
redemption
833,432
*
to .cumulative
the
purpose of this issue is to' provide funds to reimburse the
company for expenditures incurred in redeeming its outstanding 4%
redeemable debentures due April 1,
1960, which have been called far (.
>
Ratified—
igan
) > Michigan Die Casting Co.—Merger
.V
Bros,
Payments
Maxson Food
made
be
Payable April 1-
facilities.—V.
r
.
will
1429.
V
£; $848,909
$1,247,530
1,242,547
income '
Net
of
21
"Vents; July 20, 26 cents; Oct. 20, 20 cents; and Dec. 24, 34 cents, plys
■"
a
special of 50 cents.—V, 163, p. 314. • <,
' ,
>
, ■
' ■
22
of
March
record
at
First National Bank Building,
trustee,
Payment
for account
bonds dated
'
the
—V, 163, P. 1031.
Massachusetts Investors Trust—22-Cent DistributionThe
:
reported
•
163.
V
4,653,428
1,160,067
taxes
•}': Net operating income
75 producing wells in Kansas and
the company's oil division.—Vv 163, p. 1430.
increase from
An
was
Barker
and
Chicago
Paul,
161, -p.
Interest of 5%
<
in Los Angeles, would be among
the
department and music stores selling the quality radio-phono¬
graph being made'by the company's Meissner Division at Mt, Cafin
of St.
•
■
1946,
coupon
has
company
materials, jand production is now swinging
Field
1,
June
(
&'■
;•/;>%)(>/:(!>(
)
While
i
on
gage 5%■ gold bonds, Series A, due 1967, on surrender of the coupbris
due April 1, 1938, and Oct.
1, 1938.
Interest is payable at office 6f
$6,542,405
4,019,776
$7,061,025
Operating revenues
Operating expenses
had the conversion problems common to
war
manufacturers,, Russell Maguire; President, reported sizable or¬
ders for
the radio receivers, record players,
radio components and
jOther products now being made at the company's eight plants.
"Pro¬
duction and sales are limited only by the availability of parts and.)
:
)? .?•':''
Redemption—
.
giving effect to credit of $808,541 to earned surplus arising;)
'.from the resetting of the war plant facilities at cost less normal de¬
preciation, these facilities having been fully amortized previously, in
accordance wita tne election permissible following the proclamation:.
of the President of the United States on Sept. 30. 1945.
Book value
was
$5.74 per share on Oct. 31, 1945, and $6.03 per share a year
;
in Chicago,
-
1161'.
p.
*
Vis after
V
163,
>
This
1945, was $6.54 per share.
1,
redmeption
and interest.
1936 at,105
Co.
Interest
stock certificates.—V.
the
of
1,
,Net ry. oper. income..
of 514% and 414 % cumulative pre¬
for redemption on June 17, 1946, at
surrender
and
in¬
Monarch Knitting Co., Ltd. — Debentures Offered— ;
p.
: v ' •Vy;." ^
4',;"^:-V-;ij
(A. E. Ames & Co., Ltd. and Burns Bros. & Denton Ltdrecently sold in the Canadian market $1,000,000 serial
Michigan Bell Telephone Co.—Earnings—
'h: 1946 (V( ¥)1945V>;;)
debentures! carrying coupon rates varying from 2Vz% to
Month of January—1
'
' '!■
Operating revenues ■
--——--'-11. $7,677,419 $6,550,963
4%
Debentures dated April 1, 1946 mature April 1, •
8,558
; "16,394
Uncollectible operating revenue
>1947 to 1966,
;
'
both years.
30 cents were paid in
of
Dividends
the
at
presentation
1287. ))-•'
have been called for
Gross from railwaysNet from railway.
piywood distribution
1431.
share, respectively, plus accrued and unpaid divi¬
payment of
the full redemption price may be
Lawyers Trust Co., Ill Broadway, New York, N. Y„
upon
the
manager
sales engineer
as
York.—V.
New
£,,•
of
the -Philadelphia
with
Missouri-Kansas-Texas RR. —Earnings—
:(>
■
shares
called
been
and
»
industrial
been
nine years
past
and
States?;;': January-^-..;, v-a.-
$106 per
Immediate
received
$464,806- $1,123,671
■■OV,'i-:; $1.11
( Earnings per share
have
stock
and
dends.
FISCAL YEARS ENDED OCT. 31
FOR
after
income
Net
$115
the
Cincinnati,' Buffalo
1
has
He
nearly 20,000 square feet,
Inc.—Calls Two Preferred Issues—
outstanding
the
of
ferred
the
as
for
Philadelpnla
Minn.—V.
and other plywood prod¬
and the Mengel Co., operates five
many cities of the South.—V. 163, p.
Merck & Co.,
~
optioning at market prices.
of up to 60,000 additional unissued shares to officers and employees
with options cj extend no longer than three years and no inamoual
to be allowed more than 20,000 of the shares.
stockholders
The
in
units
'.June
Trust
parent
the
office.
appointed
of the sinking fund, $20,000 of first mortgage 3%%
•
Plywood Corp.
to 1,071,820.
pany's outstanding shares
division
There
?
15 years with
companies, Mr. Jones said.
"
S.-Mengel Plywoods, a jointly-owned subsidiary of United
of
ucts
Options to Officers and Employees Authorized — Earn¬
ings, Etc.—
;V': •>'• >
v"*."'I
The stockholders on March 16 approved the sale of 60,000 addi¬
tional shares ot the company's authorized but unissued capital stock.
The shares will be offered for 15 days to present stockholders at $5
per share in proportion to their holdings.
This will increase the com¬
'
;>
*\
.
leased by U. S.-Mengel for
option to renew, and having a floor area of
will include a permanent display of doors
Rights to Stockholders-
—
on
March 21.
Louisville warehouse,
nounced
163, p.
Eversharp, Inc. above.—V.
Cincinnati
company's
been
has
Minnesota Transfer Ry. Co.—Partial
distributing plant and warehouse
for U, S.-Mengel Plywoods, Inc., in Louisville, Ky., to provide perma¬
nent quarters for the company's operations in that city now housed
in
one
of the Mengel Co. plants, Walter R. Jones,
President; an¬
Co.—Merger Approved—
:907,v>>wy'.i''(;' ,%>>''!';>■>;(
Magazine Repeating Razor
See
dustrial
Brown
Plant-
-Unit Building New
has started on a new
Construction
above.\>v;
Hub,'..Henry C. Lyttcn & Co.
■>
73.
163, p.
division's
Louisville,
Lytlon's, Chicago—New Name—
The
V.
the
Philadelphia
branches.
at
W.
Gecrge
$94,539
$125,376
$189,118
$15,481
profit
"
"•After charges and taxes.-
"Net
1942
1943
1944
1945
(The) Mengel Co.
See
capacities
..'Pittsburgh
McCord Corp.—Earnings—
(M.) Lowenstein & Son, Inc.—-Transfer Agent—
Guaranty Trust Co. of Now York has been appointed transfer
agent for 1,000,000 shares of common stock ($1 par vaue), $8,000,000
par
value of
cumulative preferred stock, series A, and for
common stock purchase warrants.—V. 163, p. 1430. '>> ■A..
'
Tne
Monday, March 25, 1946
& FINANCIAL CHRONICLE
THE COMMERCIAL
1570
————-
—
per
share
-
—_
common
stock- ((:
1.031,824
1,000,000
$2.58
•
2,011,175
1,000,000
,,
CONSOLIDATED* BALANCE SHEET,
NOV. 3,
ASSETS—Cash in banks and on hand, $2,465,181;
securities (at cost); $3,63LOGO; cash.surrender value
1945
,
U. S. Government
of life insurance-;
8522,186; accounts receivable, $4,661,966; inventories^ $9,864,914;'claims.
for refund of Federal taxes on Income:, (estimated and, subject to final
-
r# *
.'•-i
Volume
by' taxing authorities),
determination
sidiaries
THE COMMERCIAL &
Number 4475
163*
operating
in
England'
CONSOLIDATED BALANCE
$i;707,200; investment in sub¬
-$1,518,263; -other investments,
(net),
"
•
$632,309; buildings and lixed>-equipment," etc..-(aftertor depreciation and amortization of $11,17.0,793); $12,940,879;
819,109;.. land,
reserves
construction
in
movable
$286,418;
progress,
tools,
equipment,
FINANCIAL CHRONICLE
:
SHEET, DEC. 31
.''l ■'
■
;
''
,
.L.Lfcii.
U.
Government
S,
and
15Accounts
t
Inven tor ies
__
receivable.
notes
— ..
3,600,000
29,674,743
52,548,469'
17,982,996
58,452,514
^411.
excess profits tux
Investments
iri
-and
advances
to
$395,918; serial notes' to banks,
affiliated
companies and
miscellaneous
$2,500,000; 15-year 3'^ debentures, $7,500,000;
investmentsreserves,
$1,057,423;"
capital stock (400,000 shares, no par), $15,639,204; > earned surplus, ?,.»/'
at -cost, Jess ireserve_._v--u^—
$9,899,142; total, $39,628,206.—V. 162, p. #1643, :
!"
'Vr S
1 'Unamortized debenture discount and expense.
v,f *,,»;/•;
"v
Prepaid insurance and other deferred charges.
tProperty, plant and equipment (at cost
%
Motor Products Corp,—Earnings—
fort Federal
'■f'i 6 Months Ended Dec. 31—^
/'"
'1943
1944
;
'.' -'Total
t$l,843,756
$841,772
$2,518,749
prof, taxes (net)
excess
1718,000
455,000
1,780,000
170,000
if
Postwar adjustment reserve..ii..—
35,000
400,000
Accounts
profit
Number
of
Eafriihgs
,
capital shares.'.....'-'-
rate
other
effective
reflect
from
'•
the
loss
-or
V.
163, p. 907.
postwar
included
390,254 i
for
costs
the
Car Mfg>. Co*—Car
1
*
+
States Telephone
&
Mdnth bf Januarys-
Operating
1946
$4,313,420
~—
Operating
revenues.
v«)
Operating
noo
Sales
'■
(& Subs.)—Annual Report—
7,750,000
1945
each
corporation's
been
fAfter
year.
Cost
for
reserve
depre^Represented by
$7,360,164 in, 1944.
,
of
for
equity
increased
in
since
companies
dates
of
controlled
acquisition
Fedeial
$62
$400,000
announced
March
18
that
the
.price
Earnings
per
mov
$3,405,930
83,428 '
78,703
529,440
$1.33
$1.58
taxes
for
CONSOLIDATED
BALANCE
■v
Net
$639,951
519,779
-
the
prior year attrib-,1
credit of prior years
1031.;
p.
!•
"
v
;
*vv
i#t
\
•
.
DEC.
ASSETS-
..
M
.
„
v
ur.+K
^iKatMNSl-Co., -Inc.,'•Maiden; -.Mass.—Registers With SEC
;
at
the
close
of
•
jaJSrieJ
business
March 20 will have the privilege of
subscribing to ;the mewVshares iat! the"tate.of:l/6th bf ?one share for
'' ®®,®^ ;®^ar®-;?^®l^,-A^f' ' i®' ®*P®cfed fhatv-warrants1 evidencing, rights ' to
subscribe to-the new shares will be mailed to
"Stockholders
&affPS
March
on
m-SP 1
in
1945
;
1944
288,764
9,521,040
176,894
129,603
6,666,419
116,456
35,581
$6,372,327
7,196,196
1
1
supplies
Si
$3,601,566
401,248
—
e^uiPment~--'.-r-—.-t.-.———-
Goodwill
31
$4,434,741
(net)
merchandisrrn^^unnBer—""
of
years,
less applicable Income tax.
SHEET,
Cash
Accounts receivable
.
•
163.
1
-
incornd
income
-v.
'
operating
~$0~44
tDepreciation, prior
disallowed for Federal income tax
purposes,
honrt
78,703
155;663
share
to carry-forward of
unused excess profits
$119,000 in 1945 and $294,000 in 1944.
ot
i:
the
$351,892
3,054,038
$4,393,890
$5,072,582
—
common
230,000
$1,066,663
3,327,227
■
utable
,
common
dividends
/"After reduction in Federal Income
which
700,000
$913,058
—
',4.;
1943
Cr35,696
4,159,524
Total surplus „^
Preferred dividends
* *
at
925,000
,
fey year—i..——
surplus at beginnig of year
Common
to
Offering Price for Common Stock—
as
corporation
taxes—
adjustment—
income
Earned
not'
result'
a
income
credit
,
but
as
"net'earnings, less dividends received, by
approximately
Dec. 31, 1645, and by $325,000 to Dec.
31, 1944- •
Sets
"Net
..
'
1944
—_$106,868,995 $99,870,474 $91,795,090
sales and expenses.—.
104,719,882
98,088,928
91,135,352
deductions
311,055
50,580
77,846
fDepreciation
has
'
—
128,809,243-
and
,
Mexico
on
W.
—
/_U—135,480,335
2,520,560-'
)'633 260
taxes
14,000,000
National Tea Co.
Years Ended Dec. 31—
'Prov.
in
;■
.
Bankers
Bicester, Chairman;
Sir
Vincent W. Yc-rke, with E. C.
Tiarks,
.
Net
-
of
American Section—Thomas
(J)
'
Income
ACA\'{"
Ron
Committee
,
^..Warrants to 4>e '* Isued In connection with the proposed offering of
'r379.894:'fidditk)11d,l fihar&S of
KttVtlr
379,894. additional shares of common stock may be ovarMco^ boo been
exercised has
862,825 "Z ffxad at $62 per share.
The offering to stockholders is being undert"'
written by an
investment banking group headed
by Glore, Forgan'
'$433,274. •
& Co. and Harriman Ripley & Co., Incorporated.
502,734
/"Subject to the effectiveness of the registration statement,; stockholders
'
of record
fton
3,032 080
3 II, Basle, Switzer¬
.
,
Section—Lord
C.
33,135,191
"'NO'
NOTE—The
The
,
Edward R.
Peacock,
Webb, Secretary.
(3)
Switzerland—Association Suisse de3 Banquiers, Basle.—V.
157," p. 1562.
750,000
$3,816,669
$4,305,291
...^
17,000,000
follows:
as
British
25,476.965
of
; 6,484
expenses
31,526,244
Banquiers, St. Albangraben,
.v.
:
membership of International
is
Frank
596,361
stock taxes
31,
(
14
1,000,000
year.....
year———
"
.
,j;- Operating
703,364
The
36,394,491
of .$8,243,751 in 1945
2,280, 275 nonpar,,shares, h
.
"'
'
*945'
^
revenues
Uncollectible-operating ^revenues_^:-.i_-^—^_—
?■'.
1,500,000
one
and capital
elation
■
$3,823,143
;8,129
„
1,139,886
plan
at
Ltd., 23
surplus._..^_^__ v:40,363,6ll
'
"Total
-Earns.
Co.
Telegraph
4,848,687
1,396,692
...
Earned
'
,
Lamont, Chair¬
man; Arthur M. Anderson,
Vice-Chairman; DeWitt Mlllhauser, Walter
T. Rosen, Sir William
Wiseman, with Vernon Munroe, Secretary.
(2)
2,320.970
2,498,484
1,100,175
(not curr.)_
for Fed.' income
consolidated
Mountain
3,253,961
the*
Dec.
on
Agreement is available for inspection at the Commit¬
Wall Street, New York, N.
Y„ Morgan Grenfeil &
Great Winchester Street, London, E. C. 2, England, and
offices
1946
nliV:,' :"'?V v.;
....r
compensation
within one
„.(•,w...,After- reserve >-of $335,000
'
,
additional
the
Congress during the session which closed
Association Suisse des
land; ■,;/
128,809,243
Seven-year 3V*r/o debs,, due March 1, 1949—i
4Common stock without nominal or par value.
36,.394,491
.
/MMY*;?'-'
s
Co.,
14,428,062
1,140,005
bank loans due within
with
copy of the
tee's
109,970882,015
l,2~65~59l
16.572,782
1_L——
Long-term bank loans
period.-r-
Building Assets; Ac¬
1
quired—See Pressed Steel Car Co., Inc. below.—V. 3.62,
p. 3196.
r,
Reserve
and does not
excess-profits
year
unused
for
Long-term
Debentures Redeemable
a lesser percentage.*
The signatories
be the American, British and Swiss
section.^
to
are
Committee
the Mexican
A
9,360,277
"
:
/
:
Agreeemnt
,
-9,777,795
...
:
companies...
payable—Feb.
.
Reserve
normal ' tax
amount tentatively ' transferred,
adjustment to
partially offset^
operating
In
..■/.//:
.
Vernon
Mt.
ICredit
and
war
from
at
Dividend
%.- SI.45
$0.90
fiscal
resulting
refunds
carryback,
for
reserve
reconversion- expenses,
•
Nil
company's -current
furthef
I r-
390,254
>390,254
fCredit. computed
income.tLoss."
for
possible
tax -credit
:
share.'
per
""Includes
$568,749
$351,772
18725,756
j'-ViV/iftu:;v
...—
liabilities....
affiliated
to
presentation of
granted
by
135,480,335
payable..
Accrued
the
presented for acceptance of either Plan A
declared operative, with the approval of the
are
be
may
upon
1945.
—
liabilities—
Due
Net
——,
and
.The Agreement has been
signed by the Finance Minister with
approval, of the President of Mexico, pursuant to authorization
'
int., etc./.
after deprec.,
Income and
1945
.
B
possibility, after conclusion of further
discussions, of adding sections in France, Belgium and Holland.
»
486,401
_
qualified bonds
of ...the
taxes-:on Income,
,
•Net profit
to
17,719,306
8,139,775
—
^ 1. i;_— //L
PostwarM-efund'-of
Plan
Committee,
23,288,882
securities (at par)w.—_____
the
or
1944
$
Cash
$620,360; deferred charges, $758,423; total, $39,628,206.
i
'■'% LIABILITIES-—Accounts payable, $1,349,190; sundry deposit and loan
"'accounts** $186,240; -accrued, property :taxes; wages, etc;, $1,101,090;"''
reserve
of
1945
.
ASSETS—
etc.,'
1571
$21,035,824 $17,904,983
proposes to sell 50,000 shares, while certain stockholders
sell -150,000.
The public offering price would be $6 a share.
pany
\
•
•"
National Container Corp. ;(&
(
would/-//,NatiO®lJtK|L»ineil
.
\Calendar
Years—
1944
,
1945
/ '
;
•Net 'sales-
$307*049
:
*"
'
.
—V.
.
/r
against current liabilities of $1,963,321.
079
-•
j
sufficient to
Dec.
at
as
31, .1944,
cover
S
..
Cash on hand totaling $2,088,-/
amounted
Total current assets ;
against current liabilities
$4,365,866
to
■'
■
Accrued
169,000/*
$178,149
464,013
f1>
$187,824.
$1,812,642.
Co, filed
,an
"V
,
Pald-in
Power
and
T Va
Light
•
■
*
'
,
?
,
'
■
/
.
Proposed-
its
the
Chairman.
International
Thomas
W.
Committee
Lamont,
of
Bankers
announced
March
20
that
extent
that
such
debt
is
not
enemy-owned
controlled,
or
stockholders
of
stock of no par
mon
,
by'36,400v
•
class
A
and
B
shares
on'March
the A and B stocks into
value,
on
a
18
class
one
of
approved
new
com¬
share for share basis.-r-y. 163, p. 1162.
-New Canaan Water Co.—New
Control-^.
.See
Colonial
Utilities-Corp.-—V. 163,
by
after
;
negotiations, am agreement had been reached setting forth
plan for adjusting the debt of the National Railways of Mexico to
the
JDr400,909
Neptune Meter Co.—Class A & B Shares ReclassifiecT-.
'The
extensive
a
4,159,524
Br565,49(|
Dr379~271
4—$21,035,824 $17,904,983
deducting U. S. Treasury tax notes ot $906,771 .in 1045 and
After
Enemy
Mejftco,
on
I
4,389,513
in
a^proposal to change
The-Government of" Mexico, through the Finance
Minister, Eduardo
and
1,650,000
T--r-
.
Holdings Excluded—
Suarez,
6.600,000
2—
lAfter reserves of $7,854,598. ^Represented
;bares in 1945 and 37,350 shares In
1944.—V. 163, p. 1288.
:
1 National
Railways of Mexico — External Holders of
Mexican Rail Bonds Receive OfferResumption in 1946
of Modified Interest and Amortization
.
2,000,000
8,250,000,
£
1.
'■
172,573
2,000,000
$510,408 in 1944.
•
< in. ,his review of the company's operations for the year 1945, Seton
^ porter^ President. Said;
1
•»
'
"Annual dividends of $2 per share have been paid during the past
eight years.
The present and prospective earnings of the company
-,
are' such that directors believe an increase in the amount of divi¬
dends paid per share will be justified during the current
year/^/f"^
/^Discussing, the company's recently announced plans for offering
^ stockholders Rights to purchase 379,894 shares of new common stock,
Mr. Porter commented that "although the- company's financial position '
is stronger than at: any -.time - in its history, the directors deemed, it
'; iwise to provide additional working capital in view of the greatly
:,i,^increased volume of the company's business and the advisability of
167,978
-treasury.....^/.^
treasury_L'
——v—.—
Total
267,421
230,167
f
surplus.'.i—
%
960,914
.25,595
1,465,000
(par $i0K.__
preferred stock
SCommon stock In
.
Report-/
taxes—
self-insurenee_—
surplus
Earned
"
.
income
4lA% cumul. preferred stock (par $50).———
$0.31-/J.;5%%- cumulative preferred stock.,—
' •''
*2,798,233-
1,013,332
debt-——w--
Reserve for
$32,559
4,048,677
liabilities
Common stock
its -dissolution, program, the National
amended plan with the SEC March
$55,000
-—..u.—
464,013 #;/
$0.29
facilitate
—;
'Provision for Federal
& T-ight Co.—SEC Approval Sought-
To
■'/
v.
mortgages payable within one'vearj
payable
Long-term
163, p; 782.
^
current liabilities.
.all
$356,824
128,900
and
Accounts
•
.
19, which provides for
/capital adjustment of the Memphis Generating Co. and the subsequent )
Samuel Kipnis, President, states: "An extensive program of repairs „
diEtribution by National of its interests in
Memphis to its common'■
and improvements carried out during 1945 should result in increased stockholders. >v National- proposes valso to acquire from
Memphis all I
production throughout ,1946^"—-V. .163, ,p. 656.'
1 ; common vstock
.of the Memphis1 Street
Ry Go. now held by Memphis
ahtl to distribute these shares to its own
stockholders.—V. 163, p. i
< National Distiner»>P$odu<rts^Corp^—Annual
1432, 466. '
f
of
>;
was
.
—
—-'-i—$18,766,822 $17,655,647 £
/Net profit
'/Net •■profit
Net profit after charges and Federal taxes—1,185,920"
1,190,990 — No.,- of- common shares_.
No.,-of- common shares.
^Earned per share.
•Common shares -outstanding—676,330,
676,330
^';i6.66,964^
/
r.$1.68
;-?:;Narned;-per,;shar6—$1.66
$1.80
*Totar»currehfc assets
at Dec. 31," 1945^ .amounted 'to
^,155.713/
•1944
"
Notes
-
-
,
.
.1.
1945
-
,
Profit-before taxes..—
Ir - •■■■:
- ------•
•
income :tax provision -.-fL.rsr
;
irmngs—
Subs.)—Earnings—
LIABILTflES—
Service CorD-
(Quarter Ended Nov. 30—
."
...
'
For the week
which
1288.
p.
-/New England Gas & Electric
of
ended
12,356,594"KWH.
March
This iS
15
Association—Output—
this Association
reports electric output
KWH, 'or 3.33 % below
corresponding week a year ago.
is reported at 153,612,000 cu.
ft.,
f
below production of 153,787,000
decrease of 426,994
a
}
.v.
f„„jr.
fh*
„t
tn
nnn.iwn«
tun*
m°7tand)nir "
iqa«
thp
by *the Government provides for the resump¬
beginning this jat*.*, • ux the payment of uitetebi and amornzation
year, of I.**c ynymvub u* interest ana amortization
UCB"U"U|S
® tion,
rptired
rnmnflnv
lo##'"the National Rallwaya of .Mexico.
°f ^ sanding 3>A%. debentures,, amounting to)'.
bondhoiderTto bT offered taoXrnamrs^s 101™
of
rema inder
e
Q0
debentures
amountinE
'Regarding the government order prohibiting the use of wheat in
beverage production, Mr. Porter said it has no direct effect upon the. /
company's operations as wheat is not normally used in the making
•i./i/ol whiskey, but he added that government rigid xontrols on the use df ■
grain suitable for production
production to only five days
of
beverage
month
per
"at
in Canada are nnprntini/-nr»f*t.infillv withouf
in funnrlsi nrp operating 'practically without
a
curtailed
recently
spirits
time
rate."
at
an
average
speciflq rates varying spmewhat
of the several Issues.;; A Cumulative Sinking
appioximately
prewar
//For much, of
pointed
out,
*
IJtSJo .per
is
annum,
estimated
rate
of
The
at
approxi.; •
the
sufficient
rate
to
company's
of
The
was
capacity
;
same
'■
„.
CONSOLIDATED
INCOME
ACCOUNT
,
,.
■
CALENDAR
FOR
v..*,
rThriiirii'no Whoiiv
[Incluaing. Wholly Owned Subsidiarv Comoanies]
Owned Subsidiary compamesi
•
,
-
sales
*Cost
df
of
whiskey
sales
and
other
7
ratable
Electric
operate
Public
New
interest
bond as is from( Jan, 1, 1946 on, but^the/
applied under Plan A
will
Service
-
h
the termination of the
electric
a
and
gas
public
utility
Hampshire, Massachusetts,
Rhode
Island
companies
in
Vermont,
and^a section
necticut,#-
be
North
Co., Mas¬
voting trust and Massachusetts
common
"
Underi
the
sub-
Associates,
■
of
ot
V;
Con
•,
to
the
amount
of
the
several
classes
of
.(2.)
.The issuance
bank
loans
of
North
Boston
Utilities Associates. "■;■''•'••
of: 6,695,075
shares
($20
••;,■
■
Lighting Properv,....!/
■'
v
par)
stock
common
the ala0"nfc of bonds to be retired
New England Electric System, to be allocated
together with cash in
annually will be the .greatest in the early years when the
redemption ^ certain- Instances to the^^ various public stockholders of New
.England
w iow,v,aitd 7WUI decrease gradually as the
redemption price: vf Power and its subholding companies.
A
variation in the redemption
prices will be made according
.
commodities— 385,800,755 291, 284,188 '
y'—.v^,e
*324,101,264 241; 080,946. ^61-81
respecHv? issues, but it is
proposed
•
*••
of "
P/Ce
.
-
;
.
(3.)
that retire-:;?
of
c|asses wili be ^substantially
^—
—
Island
Light
its
common voting trust
single holding company, to be known as
System for New England and its subsidiaries;
of
ul?*. 0
vIi: $10° per $109 Present (nominal value. : $15,000,000 outstanding
wnether -bypurchase or' redemption, is to- ;be made otr a " tifis and Massachusetts
substantially
increases,
Net
per
Rhode
-
&
14
and
Other provisions of the plan are:
or by
redemption, at prices
(1.) The issuance of $85,000,000 of funded debt securities, the .profi,gyrf,S s?meyhat above $21 per $100 present//ceeds to be used in part for the discharge of approximately $45,009,000
will gradually rise in
approximately twenty-nine years ;
of New England Power's 5 % and 5 Vz 'fr debentures and
approximately
,
basis
■
1944
money
Power'
March
ib?,giIlningmat
value,
,
1945
of
amount
nominal
•
,
type of settlement-
-
approved
association
„
"
PiS"
used in the retirement of bonds
by purchase
^
YEARS
Properties,
provides for
-
»,•
Exchange Commission
filed voluntarily by the
substitution
England
which
®
production of beverage spirits since 1942, according to Mr. Porter,', and
the -company was successful in purchasing considerable quantities of .
grain neutral spirits lor its blending operations and to the extent of,
these) purchases was able to use its grain allocations for production
of increased quantities of whiskey folr aging.-;
-.■■-
plan
163, p. 1433.
Association—Reorganization Plan
Associates.
the
New"
distilling
plan
Lighting
Utilities
ago.—V.
year
and
sachusetts Utilities Associates
retire
and
entire Whiskey
a
«- companies—^Massachusetts
-holding
Boston
the period from Jan. T to
the
Securities
reorganziation
based on the seniorFund,
as
the corresponding week
Approved by SEC—-.
f,
#utllized;fbr; the ;prbductionwf high; jproof ethyl alcohol and high wines
m war- purposes. -However, the year'1945
witnessed/the first; sizable
■
1946
in
New England Power
receiving grain suitable to distill
annual
Pesos from .Jan.: l,
distillers.
when
nnv
restrictions and those
any-restrictions and" those
in Scotland are
f
(1)
Under Plan A, the bondholder agrees to permit retirement of
/ bonds m/the rate of .one peso for each dollar of principal amount,
and the Mexican Government agrees to pay interest on such principal
^ ®
-■
ft.
cu.
,
An
initial
board
of
directors
for
the
new
company
composed
Charles A. Coolidge, Robert H. Montgomery, Irwin L. Moore,
Thomas
ratable. /
C;- O'Hare and Rockwell C. Tenney, all of Boston; Arthur M. Allen
i>vj*
:—-—.' .W"";;.
'h
*
w
be m^de> at the option of the * and John J. McMahon, both of Providence; Paris Fletcher and Fred/-Gross profit on sales—L*1—U*
61,699,491 $0,203,242, ■ ■ JPJjer^el»et_ in dollars or in pesos at a fixed rate of exchange/ crick
W;! Mclntyre. both Of Worcester; Howard W. Cole of Beverly,
Miscellaneous income and profits
•
1,237,013
758,4174
e*^t.to.the p-esen^^levelo:14.85 pesos per dollafi
% Mass./'Halsey e.'Edgerton of Hanover, N.,H.; Joseph B.Ely of West"A.'
■
"
:■
^?®L-'3ejx?ree™ent con®luded in 1942' with respect to {* iield, Mass.; Fred A. Howland of Montpelier, Vt., and Walter B. Reilly
V Total
income,—
62,936,504
50,961,659
the direct Government, debt, the over-due obligations of interest are ?;of Lowell, Mass.
Selling, advertising, distributing, administrative
*2
purchased by the Government at the rates similar to. those "In
-After the Federal District Court of Massachusetts enters cn order
14 779,985 /*:4'be ea*Uer agreement as follows:
;*j
and. 'general# expenses——<_
17,053,124
t? \
enforcing the' prpgram, cash and, common shares of New; England
Interest on debentures.,,——L—
132,595
823,708 * V
°ne percent of the face amount of interest obligations due after
Electric will be issued in exchange for-the presently, outstanding
;
se-;
Amortization of debenture discount and expense 1;
109,971;
308,290v
^an'/' 1922 i°Jhe riate of resumption of debt service, in this.case
curities held by the public as follows:
.;
Other interest charges
441,896
63,292 '
^ thf period^ beginning. Jan. 2, 1946.
The': interest obligations due
(a) North Boston Lighting Properties: $36,! and one share for each
S;*.?
''■
Loss on sale of fixed assets—————
1,472,919
jrjjnV
1®23 are to be Purchased1-'at' the respective rates' of / preferred share/ and two shares for each
2/10/o,. and 1/10%,
comrh/m $hare.
depending on whether'• the obligation-is of the
Mb)
Massachusetts Power & Light Associates/'$8, land 11/10 shares;
43,725,999
34,986,294f
category -represented fay receipts for interest in arrears, Class A or
for each $2 preferred share/3/100 of a share fof^each $2 second
pre^roy, ifor Fed, norm., surtax and cap. stlc. taxes 4,865,000 I- 4 712,000, Snf
Issued Under the Plan and Agreement of June 16, 1922/
/ fened share, and 1/100 of a share for each common share.
'.Prov, for excess profits tax.
20 457 000*
i
27,074,000
L? Government requires as a condition precedent to the acceptance
;(c) The Rhode Island Public Service Co.: $16.50 and one share for
of
'
.
:
.
,,
■
.
.
...
,
'
Profit
for
Dividends
-the
year
4,558,579
4,261,445
$5.17
declared—
^Includes depreciation and depletion
NOTES—(1)
and
other
Net
,
products
do
sales
not
$4.31
$1,126,658
include
manufactured
In
a
the
plant
Government." Compensation,; for -operating
'Miscellaneous
income and
this
of
owned
ethyl
by
the
tive
such
alcohol
the
U.
of
.
share
of
is
for
bondholders
the
the
funds
of
purposes
in
determined.
the
As
who
1922,
of
hands
to
have
that
the
deposited
such
their
holders
bonds
consent
of
the
assenting
1922
Committee,
bondholders,
the
and
*
each
to
Agreement, of their distribuwhen
Agree¬
the
applicable annuities.
: * T^e Agreement, subject to the above-mentioned
registration with the
Securities, and Exchange Commission, is to be made available to
bond¬
holders who. have qualified their
bonds as being of non-enemy owner-
plant »isWncluded -in'
■
share
by
and ^Agreement
obligations of interest
S.
profits."
proportion
Plan
application,
ment provides
that,up*to 20% of the sums to which the several classes
of bondholders are
entitled shall be used to
provide in part the expenses
of the new
Agreement, and the balance for the purchase of over-due
■}: $862,013
the net earnings of companies
controlled and not consolidated, less dividen-ds
.peeeived, -was as fdlldws:
1945—$65,000; .'1944—$171,060.
'
*'
(2)'Ther corporation's
'"
value
Agreement,
under /the
9,817,294
Earnings per share—
j
the
11,786,999
ship uHderRhe"decree of the Mexican Government adopted in 1942. The
agreement is to - be declared operative by the Government when 55%
preferred share,
(d)
Massachusetts
■/each
and
3%
Utilities
shares for each class-A share:
Associates:
$16.50
and
'.1M»
shares
for
share, and 15/100 of a share for each common share
as
represented by a voting trust certificate of Massachusetts Utilities
Associates common voting trust.
preferred
New England Power Association: 5% shares for each 6% prefer¬
1%-shares for each $2 dividend preferred share, and 65/100
Me)
red share;
of
a
share
The
for
each
company
at'$1.59
a
common
estimated
share
of
the
common
rhare,
stock,
change for the old securities within
tion
date.
The
Securities
it had instituted
,
post-war
earnings for the new
which may be obtained
three
years
alter the
system
in
ex-
consumma-
4
*
■
and
Exchange Commission
announced
April
16
that "■
proceedings in the U. S. District Court for the District
Monday, March 25,1946
1572
et
New York Auction Co., Inc.—Pays 10-Cent Cash Div.
simplification.
*
'
■
:
••
District Judge Ford has fixed April 15, 1946 *s the
hearing on the Commission's application.—V. 163, p. 1433.
the plan of
States
United
for
date
The
company
1945
1944
1943
$73,397,983 $69,952,123, $68,576,024
Toll service
revenues—
38,198,740
31,216,458 29.779,450
Miscellaneous ■ revenues- ■
3,510,549
3,008,136
3,103,517
service
revenues-
17,937,840:
13,266,187
20,077,820
661,111
9,593,960
17,126,189
6,669,518
629,280
8,183,121
$32,172,123 $30,888,961 $33,070,259
$30,021,979
27,750,277
19,498,243
13,537,978
22,236,336
,7,929,630
6,973,068
21,511,728
13,809,018
expense—
expenses aAAA.!'
Commercial
expenses—
Traffic
666,008
Operating 'rents. A—Ai
694,922
Gen. & misc..; expenses ' 11,078,695
Met
revenues-
oper.
Federal
income,
profits,
Met
10,249,459
15,723,970 -17,787,501
$17,577,278 $15,164,992 $15,282,758
income— Z>r3,037,245
Dr768,805
Z>r969,358
Net non-oper.
for /Aj
available
A
■'
'ii;' AA
$14,313,400 $14,112,943
charges —$14,540,033 $14,396,186
4,200,000
4,108,333
Bond
interest j—L—A.
226,337
113,885
Other interest
a--Amort, of debt discount
168,172
and expenses
167,870
avail,
Bal.
Divs,
;
9,334,206
stock
common
on
Balance surplus _L—.
$6.52
per
com.
$700,690
$6.20
...
$7.42
sheet,
balance
:
'168,172
$9,408,218
8.945,281
8,945,281
$856,397
$815,739
share.
Earns,
168.172
$9,645,971
DEC.
$462,937
$6,05
;
,
31
1944
1945
ASSETS—r■
aA///!./ *;
.
:v..//'/'/-/■
iA/
I—
$
./A//'-''*-
;
378,213,881 363,871,969
306,060
3,546,959
Miscellaneous physical property—
—
1,840,548
636,757
Investment in subsidiary companies
2,419
2,489
other investments
3,545,017
4,800,002
Cash
16,500,000
18,800,000
Temporary cash investments
AAA
189,358 :
129,119
Special cash deposits ; ■_/»
118,602 /
110,014
Working; funds,
—/———
16,550,149
14,746,049
Accoun ts receivable
Materials and supplies
2,082,888 r 1,849,240
Deferred- items .• AAA.aL^aAC/IAA—AA„—
3,361,453
4,065,524
Telephone plant
*_
—
■———
_
^
of
—
421,506,584 413,761,913
Total
'f'.'/1,"
•-
Capital stock Lild
mortgage .5 % bonds—
First
First mortgage 4
Trust mortgage .2% series
Notes
3'As,
,
i
cnA
1 cc
AA
isr
Knn
iAA
40,000,000
40,000,000
W
20,000,000
series C
—
Waiting
11,345,086
•
from
Total
1
——
date issued $20,000,000 23As,
C, Feb.
series D.-
Operating
revenues
Operating
Operating
Operating
$10,350,588
operating
the
end
expenses
$10,340,366
—
—.
$9,334,476
6,303,467
1,693,541
7,541,053
——
—,
taxes
1,321,699
^ A
Uncollectible
.
FOR MONTH
OF JANUARY
//-V'
operating
v' 1946
1945
$27,362,014
revenue
$25,037,219'
44,313
39,282 ;
.
1
Operating revenues
Operating expenses
Operating taxes s— 1—
.
$27,317,701 $24,997,937
——————
17,639,499
—
Net
Net
operating
income
14,614,511
5,165,682
7,568,457
$4,512,520
$2,814,969
4,185,416
2,413,179
—
income
——
;
—V, 163, p. 1162.
NOTE—-For mechanical reasons it is hot always
possible to arrange companies in exact alphabetical
However, they are always as near alphabstical
position as possible.
order.
Niagara Hudson Power Corp.—Annual Report—
The consolidated net Income of the corporation in
,
;
.
to
instruments.
annual
report
was
$8,146,-
.
President.
stockholder*.
to
during the year, Mr; Machold stated: ':your, corporation and its sub-
continued to: strengthen their financial position and made
important changes to further simpiy their corporate structure.
They
refinanced or retired' substantial amounts of subsidiary company
securities, resulting in large annual savings in bond interest and.
preferred dividend requirements."
'
^
T
During the year, $14,716,400 of the funded debt of Niagara Hudson
subsidiary companies was paid off and $107,951,000 of the funded debt
of subsidiaries .was refunded at lower interest rates.
Together, these •
.
•
■
resulted in annual interest ^savings 'of $2,136,500,;/Added to Anhual
^^test.savin^^of $1,373,000 resulting from debt reductions and
in 1944, this program has resulted in a total reduction in
the annual interest requirements of subsidiary companies during the:
_
Past two years of $3,509,500.
•
H;:5/;,The; preferred dividend^requirements of subsidiary companies..Wer*r
6lso reduced by $1,143,000 per annum in 1945 and early in 1946, as
.
*
,
his
sidiarles
*
the company's books rose
high mark of 341,000 at the
on
a
in
Reviewing the highlights of the Niagara Hudson System's progress-
;
;
:
1945
000 as compared with $6,856,000 for 1944, Earle J. Machold,
;
/
service
1944
574 672 '
——...' 987,868,475 983,351,434,
—
announces
of 6,588.
118,000 changes in location.
new
541.031
'
———„—
.part
1945
By the end of December their number had
of which, however, only 17,000 were deferred
1945.
November,
bidding.
As
part of- this program^
Niagara/Hudson proposes to
contribute $4,000,000 in cash.
The proceeds of the
sale of new
preferred stock and the $4,000,000 are to be used, together with other
funds of the; subsidiary, to retire the present preferred stock.
It is
expected that this /will further reduce the preferred dividend requirements of subsidiary companies.
>
.
v
;,
The
/Niagara Hudson System electric sales in 1945 were 10,927,514,000:
;/; kilowatt hours, compared with 11,027,041,000 kilowatt hours in 1944.*
Gas sales were 16,236,990,000 cubic feet in 1945, compared with ; 15,831,325,000 cubic feet in 1944.
•
- -- *
We anticipate continued high industrial consumption of electricity
daily total of 813,000. an increase of
and gas," Mr. Machold told stockholders.
He pointed out that the,
the longer haul toll calls was /; territory served by Niagara Hudson contains one of the largest con'
centrations of diversified industries iin the country;
System sales; td
_
: Toll calls reached.an
revenues
increase
.
of
•
EARNINGS
Telephone traffic reached record levels in 1945.
The average daily
total of cails from the company's telephones was 15,450,000, an increase
of 1,200,000 a day over 1944 or 8.6%. This was the largest numerical
increase of any year in the history of the company. "■
,
v
,
1945 '
„
$9,343,792
9,316
10,222
revenue—.
of
at
,553,607
j-j-
Month of January—
Operating revenues
remainder were deferred /
because,of the shortages in central office equipment or outside plant.
•
'
;
applications, for
222,000
credits—/.,
plant
At Dec. 31, 1945, securities carried at
$28,374,550 were held by the*
trustee.under the refunding mortgage.
All securities owned, however.are subject to the lien of the
refunding mortgage!
:
/•■■■/.: 1
expens^ he^ore ^f
users.
been reduced to 315,000,
because of shortage of
1, 1945, and on
EARNINGS FOR MONTH OF JANUARY
Uncollectible
end
:.,
421,506,584 413,761,913
*Comjiany redeemed $20,000,000 3'As, series
same
an
tions, 356,000 removals and
139,843.932 128,393,449
/11,667,386
A
u
for each telephone in service and equalled $17.76
common
stock, or more than two and a half times
directly by telephone
reserves-——!— 361,826,*201 339,553)592
deferred
•
the
amount paid out in dividends.
In addition; the company collected, for
transmittal to taxing authorities, more than/$49,000,000 in taxes^^ borne
2,330,000
unappropriated
.
$23.77
of
share
20,000,000
,
payable
Depreciation -reserve
Corporation surplus
ui
Total operating revenues of the company, which serves a large
New York State and Greenwich, Conn., were $298,805,000 in
eraged
Total
/
Operating taxes, including taxes charged to construction, approxlniated $74,800,000, ah increase of about, 6 % over 1944. These taxes av-
155,570,100 155,570,100
35,000,000
35,000,000
.
First; mortgage
.u;
,
er
employed by the company,
1
and
telephone
.
The largest item of expense was wages and salaries, totaling $124,478,000, or 67% of operating costs.
This was $17,536,000 more than
the 1944 payroll. At the end of 1945 there^^ were 47,649 mert^nd .women
„
of
Surplus reserved —„—--——4,166,511
A.iee^U
Unappropriated
surplus ^AA^.^.Ai:—aa-v
21,397,582 • 21,586,067-
Net income after operating taxes
.and provision for all charges was $28,917,000, and
amounted_tOtA6.86
per share of common stock,, compared with
$f 43 in 1944. 'Dividends
of $6.75 per share were paid in 1945, compared with $6.25 in 1944.
—
reserves
Contributions
50,992,357
1,325,139
115,217
83,088
,
$186,001,000, an increase of 11.4 %,
.
!
Co.—Annual Report—
—
—
LIABILITIES—
TIES—
Miscellaneous
1
is' listed at $165,-
amount of which
52,665,778
520,256
Aa
j.;
—
,
pay
.
$9,801,678
8,945,281
divs.. $10,149,945
for
Interest'
of the company in 1945, although better than in 1944,
were "again subnormal notwithstanding the increased revenues result- •
ing from a record volume of business," the company states in its an¬
nual report issued March 13..
'
v
"The return on invested capital was only 5.7% for the year, and
during the four war years averaged 5.6%," says the report, "This av¬
erage of 5.6%
compares with average earnings of 6.4%
during the
four prewar years, and is lower than the return in any year from
1921 to 1941, including the worst years of the depression.
/.A/A,./"'/A
"During the years preceding the war the company made definite
progress
in giving constantly improved service at reasonable cost.
Essential to maintaining this process ate additional capital funds with
which to build new and improved plant and equipment. In order that
funds may be obtained, earnings must* be sufficient to provide an ade¬
quate return on the capital invested. The level of earnings in 1945
fell short of this important objective."
336,553
299^257
to
75,000,000 100,000,000
6,652,733
6,166,858
29,433.599
22,760,870
_
Depreciation and amortization
Earnings
4,200,000
4,200,000
:
—
,
also
421,300,000 421,300,000
14,269,120
14,269,120:
—*
*
Rents
*
petitioned the 'U. S. -District .Court, New,
19
New York Telephone
A-/ W/A;/1AA,
fixed
"
• > '
'
h- '*'"/'• >'
interest of $70,475 on Housatonic
RR. Co, 5%
consolidated mortgage gold bonds; $300,000 on Harlem
River and Port Chester 4% first mortgage 50-year gold bonds; $50,000
on Naugatuck RR. Co.
4% first mortgage 50-year gold bonds; $48,000
on
New Haven & Northampton Transportation
Co. 4% 50-year re¬
funding consolidated mortgage gold bonds; $387,000 on. New England
RR.
4%
and 5% 50-year consolidated mortgage gold bonds; and
$259,340 on. Central New
England Railway Co. 4% 50-year fifst
mortgage gold bonds, as well as lesser payments.—V. 163, p. 1433.
seek
trustees
The
$15,007,028
iDr894,085
income!—
oper.
March
the outstanding principal
' r; ;* ' •
' j.. • ^
issue,
15,014,951
14,594,845
taxes—
in Interest—,
861 050.
excess
etc.,
Income
6.738,461
,
on
—
'
Seeks Per¬
Haven. Conn., for permission to pay interest charges totaling $9,041,134, and for authority
to - sell waterfront acreage in that city for
$30,000.
A/i/A
/-/'• '
A A.
A1"" -'
The petition proposes to pay in a lump sum of $7,918,819, interest
instalments due in 1943-44 on a iirst mortgage and refunding bond
17,301,823
12,792,224
maintenance—
Depreciation
trustees
The
—
—
stock
common
billing for .serv,, and customers' deposits
Accounts payable and other current liabilities,.
Accrued liabilities not due;
Taxes _A——_ ^.a'a—■.
A^—A*———'
;
1433.
V—H,-
debt
Adv.
in stock was made.
also made on March 22, June!
New York New Haven & Hartford RR.
mission to Pay $9,041,134
revenueS_$114,946,393$104,050,054$101,345,639 $92,724,134
oper.
Current
.^3,973,081
3,194,287
revenues-
oper.
Total
!
A—$115,107,272$104,176,717$101,458,990 $92,852,320A
\
160,879
126,662
113,352
128.186
Total
Uncoil,
$£5,684,952
on
Funded
were
20 last year.—V. 163, p
14 and Dec.
15, Sept.
Years Ended Dec. 31—
XiOcal
stock
Premiura
March 20 paid a dividend of 10 cents per share
stock to holders of record March 9,
On
on
22, last, a distribution of 5%
Cash dividends of 10 cents each
Co.—Report—
Telephone & Telegraph
New England
Capital
outstanding capital
the
on
Jan.
'
'
liabilities—
and provisions
of Massachmusetts to enforce and carry put the terms
>
14.9%.
/s:
The
19.1%.
daily
average
average
.
,
increase in
r
small businesses classified
The company's program for service improvements, plant expansion,
replacements and betterments will♦ require construction presently esti¬
as
commercial customers showed substantial
.
Met
Net
—V.
income—.—^.
operating
$1,477,614
income
$1,337,468
1,079,419
163, p. 1031.
mated to amount to approximately $80,000,006 in 1946 and
in the five years through 1950.
•
858,687
'
.
New Haven Clock Co.—Calls 6V2% Preferred Stock/■'Ail of .the outstanding shares of 6,A% cumulative convertible prefeured stock, series A, have been called for redemption -on April 20,
£9d6, af $110 per share and dividends amounting to $1.45
per share,
Payment will be made'at the Guaranty Trust Co. of New York, 140
Broadway, New York, N. Y.
JloWers of this/preferred stock-may at any tim« on or before the
idtose of business on April 9, 1946, convert each such share into two
"Our
shares.—V.
163,
1433.
p
take
of the continuing downward trend in interest
rates, the board of directors has authorized, an offering of new bonds
do /refund
advantage
thef outstanding
$41,796,000 of 3% % refunding mortgage
The latter issue was sold on Dec. 19, 1944
do san
underwriting group headed by Halsey, Stuart & Co., Inc., at
■competitive bidding, at a price and interest rate averaging an annual
'bonds, due Jan.
interest
cost of
1975.
1,
.
t
3.73%.
a
Miscellaneous
Uncollectible
Total
.—
—
revenues
operating
revenues
venues
Operating revenues.
maintenance
Current
Depreciation
'
.
Operating revenues
Operation
....
expense—....———
..—.
Depreciation
Federal
.
Commercial
Operating rents
—
Miscellaneous
and
24,384,027
28,076,260
26,275,351
:/and
March
on
19
/.
■
-
FOR FEBRUARY
fperiod End. Feb. 28—
Gross Income
YEAR
TO
DATE
1946—2 Mos.—1945
1946—Month—1945
$7,733,079 $10,969,720 $15,558,624
A-—
$5,215,428
Fed. income taxes——
87,000
848,000
Gtoer railway taxes
321,622
Net operating income..
Net income
;
1,195,000
430.464
367,731
1,083.243
267,000
648,990
1,007,941
2,419.899
197,195
709,068
546,993
1,323,989
788,576
Sinking funds and other/
Appropriations.
—V. 163, p.
1162.
83,971
113,224
Balance surplus
'
35,000
u
674, P68
1^7,942
,
379,051
■
70,000
cash
cash
SneHal
Working
Accounts
investments—.—y_
A
•
receivable
Other
6.396.294
—^aAA*._:
debt
discount
and
1,554.472
expense—
.
fund
deferred
;_■/.•
47t sar
.
*>47.or5
161,295
A
9,392,083
116,557
180,519
178,320 J
91,363
90,213
;
90,213 A
111,557
265,444
3,307,000
61,689
265,444
Crl02,723
14,213,102
14,247,946
13,087,731
6,707,778
7,356,796
7,356,796
7,356,798
8,145,949
6,656,306
6,891,150
1,476,000
1,308,000
su'}s^'; company—
.
5,380,306
5,583,150
$0-33.
per
com.
share-
A
1,495,000
,
6,650,949
A
$0.44
/
$0.31
retirement of funded debt.
5,730,933
CONSOLIDATED BALANCE SHEET DEC. 31
A
!•/'
'•
r
;
^
.a
Fixed
480,000
.
5,250,933
A
$0.29
'
'*1945
'A/-
1944
A;,
■
$ ///^
capital/.-.—..A—__ 541,876,494 542,818,813
Capital stock expense.
Investment and fund accounts.......——.—
Cash ;
—A—A——A--d--^.-.AAA-A-~-A_~..
U. S. Government securities—A—
$
224,601
21,285,218
23,422,760
28,955,554
4,394,451
.a—
7,804,599^ct
4,827
—.
Notes receivable——^—
188,206
36,891,658/
.
6,725^
7,966-,917^A«
(less reserve)—
Interest and dividends receivable.———A—
Materials and supplies—————
7,862,066
34,784
7,682,706
6,951,022
2,562,884
121,136
2,281,301
159,732
546,000
*67,896
1,041,404
158,271*
5,301,372
121,548-
Accounts receivable
Other current and
:
Postwar
A.——
—
working assets—
refund of excess profits taxes———
,
and
*
expense
and
premiums
on
.-
bonds
Other
deferred
debits_.____j.___A
987,868,475 983,351,434
Total
f
-
re¬
funded by a- subsidiary————.—
work in progress
;
Retirement
:
,.86,904
1,174,006
807,398
1,253,989
Total
;
.265,443
-
/.ASSETS^;v/A wVp*- !//A-A/Al/A'.
Unamortized debt discount and expense.......
Balance of amount equal to the debt discount
612.444
,
A,
Prepayments
1,283,171
!
~22,849,399.,
142,963'
'
1.490.788
702.808
612.444
charges
5.871,374
22,088,992
760,407
14,853,727
Bal. to earned surplus
A
.
1.389,414
.
23,997,950
9,191,800
a
639,42T>
pfd. stocks of
•In connection with
38,133,320
supplies—.——......—,—i<r-
Prepayments
TTn a mort ized
881.338
1,012,844
—:—.—38,487,316
"'
*
829,365
1,130,263
14,181,258
5,726,000
income—'—.
Earns,
4,973,877
49,000,000
996,415
deposits../—-A
funds
Material and.
Insurance
'
7,780,087
32,790,000
......
Temporary
23,168,585
{
654,857
Res. of net incomeby a
a
AND
on
767,560
68,754 A
-
A
subsid. companies—
Net
..
Cash
EARNINGS
deducts—.
Balance
:
;
5,707,574;
on
•Prem;; debt disc. &,exp,
■/■■•■
:
declared
premium
Other deducts, from inc.
Divs.
7,294,058
6,166,100
678,314
1,229,845
disct.
73,133
219,296
265,444
—
#5 nod.oAt
12,[
;
6,562,261
26,917,954
8,772,584
178,335
*
117,291
(Cr)——.—I—
Miscell. inc.
'
1945
'
1944 - /
■. ;' 5/A .///
J"J " .t'fiZ..'. fit ,1 /AA £5^
/:
ASSETS— AA; / ,•
•"/;-'///. A//AI/
$•,
A' '
dividend; of. $1^ pen share on
account of accumulations on the 6% cumulative preferred stock,<-pfty- *
Telephone plant
868,485,496 849,875,114 '
Miscellaneous physical property..290.922
,«ble April 15 to holder of record April 1.
A -distribution of $3 per
443,856
•Investments in affil. companies' capital stocks
share was made on this i«ne on Jan
2, 1946. Arrearages as of the
28,338.000 28,338,000 r
Other investments
latter date amounted to, $84 per share.ia
64.908
^ 596.646
®he directors
of
....
-
28,473,471
39,409,511
ii
843,309
571,461
V 7.296,092
;
expense.....^—_
t debt
.....
...
debt
of
Amort,
________
.
Accumulated Dividend-
!
long-term debtcharges.
n lot
12'604'096
676,781
27,902,010
v.A
43,183,973
"
14,646,744
Cr 165,618 A
-
$
117,735,041 110,823,446
26,241,173
1,212,010
;
1942
-
3,626,900
695,453
1,234,250
14,772,786
14,557,909
Interest
Amort,
.
.
chg.
—
income
Gross
Other
—„
——
water
taxes^.
Int. on
President, stated that the new offering will consist
? ■>.: Net operating revenues—
«A $41,500,000 of 40-year, bonds and.that it is expected the issue will
_>!/ 112,804.262 102,762,992
itofe iready for competitive bids on April 16.
Federal income taxes—
He pointed, out that follow^
14,704.243
14.336.600
Federal excess profits tax
jiu; the sale of the new bonds, the 33A% bonds will be redeemed on
•27.350.648
23.363.400
Jlttiy 1 at 105y2 and accrued interest.
He added that the balance
Special franchise and real property taxes
18,969,184
19,421,593
.needed to refund" the outstanding 33As v;ould-come from the com¬
Other taxes
>13,488,120 13,131,113
pany's treasury.
:1
'/-A:.//'.' A/'/
As in the case of the 33A%
Net operating income
bonds, the new bonds would be issued
erating
38.292.067
38.292.
32,510.286
amsler the road's refunding mortgage, twjiicli Is a first and only mort¬
Dividend income,
56. 490
1,293,757
gage on all of the company's lines, aggregating 1,687 miles.
Interest and miscellaneous income..
Also
590,522
704,490i
Less—Miscellaneous deductions from income— Dr7,299,467 JDr3,2U,635
■outstanding under this mortgage are the $58,000,000 of Series E 3 'A %/
-bonds which were awarded at competitive bidding on April 26, :1945.
/
Completion of this refinancing would be the fourth such ..operation
Income available for fixed charges
"
roa
«»i ioo ow>
32,853,580 31,182,930
Atniier the debt simplication program Initiated by the board of;directors ,/ Bond interest //—A
3,062.500
2,951.671
jn September, ,1944A, It
woxtld bring Nickel Pla,te'f ;{jnon,-equipmerit^':
Other interest
927,063
;987,4?9 V
debt down to $99,500,000, /compared with $151,662,000.;^t .the tmd JQf
> Amortizrtion of debt discount and expense and
A' ! / /
am6.
The sharp reduction in the company'sA^ebfr> rs, al(tril)uted;/hy; :;jj
miscellaneous fixed' charges
61,532
_v——58,240
to
Jdr. Davin to • the management's vigorous
^dherence; to..fhs jboafd'4.'3
'•
A.-'/Al;//'/^
•/'' ;AA' ,AA'A ■ ';,r'
•"
■
/debt reduction policy.
He further poihted' opt/thatA.anhuM iintefes^"!
N^t> income
28.916.606
27.071,408
charges, aggregating $7,500,000 at the/ start rOf ■l837r!1;have .iaires^y:- CorMon dividends
!
28,437.750
26,331.250*
been whittled down to $3,800,000, and would be further
by>
Earned per share
•H-; $6.42 '
$6.86
rthe proposed refunding.''
! "
ii-u
•/■•;/'/
/■:/-;'/.' /////■' .■•
'A.
■jy\
-;//( df-f COMPARATIVE BALANCE SHEET, DEC. 31, 1945
,A
/ i. fi/'f/-:..*;■
»:.t-;A A1.1.'/-?
,
State
A Operating income—..
Other income—.—
Bohn W. Davin;
.
695,334
Other
5.063.515
Expenses.
taxes-
Emergency diversion re¬
serve
appropriation..
21,742,889
■
income
4,835,700
N; Y,
39,308,825
__
'
$
,
Fed, excess profits taxes
5
298,804.819 269,691.622
51,125,978
47.792.020
26,746,030
27,144,695
—5,074,903
expenses
—.
Canadian income taxes.
J944
49,404,604
1943
$
115,305,309 115,302,911
41,177,236
42,486,301
7,906,719
7,781,030
12,318,009
12,169,074
4,866,000
5,453,635
.
--
Maintenance.——
205,852,292 193,651,353
83,599.641- 68,160,920
9,756,253
8.211,181
Dr403,367
Dr331,832
Traffic expenses i
CALENDAR YEARS
1944
'
$
$//'-'$/
General
,
1945
1945
.
^
t
FOR
•-
r„
.
Local service revenues
Toll service revenues^
New York Chicago & St. Louis RR.—^Proposes New FiTo
J
'
;
,
INCOME ACCOUNTS
major
'
; ■'"'/:////>/
COMPARATIVE INCOME STATEMENT FOR CALENDAR YEARS
.
common
CONSOLIDATED
objectives,"- the company states; "are to improve the
quality of our service «n<^ to move ahead as rapidly as . possible in
giving telephone service® to all who have been waiting for it; In so
doing we must enlarge the telephone plant and build up a reserve so v
that, as in pre-war years, when anyone wants new or additional serv- r
,
fee he can have it installed without delay.
•'."/./*
//,-/'>.//»/■■
.
increases, Mr. Machold stated.
$350,000,000
-A——...._— 610,872,100 641,929,153
'
I
.Volume.; 163 £ Number~4475T*
/
;
'
t
<
1575|
<
,
■
liabilities—
5% 'first preferred stock ($100 par)
;f Second preferred stock (cumulative):
..**•
!■
i^;(F5%;;,Jserles;Ae
stock
* Common
Premium
Northern States Power Co.
57,887,500
"'"
($100 par)_!/:/
:^;S 5'c/c, series B ($100 par)'///.
,
Ti
9,028,100
37,887,500
1,564,900
9,581,009
/„:_„/._L!/.:
1,564,900
-
5
95,810,085
Accounts', payable.
*
5,227,031
Y;$ Notes payable current XX-XX-i.J
W
Dividends .declared,
Customers*' deposits'
Taxes accrued
■
'
■
'
651',104
i 1
532,934
/
118,545
9,810,686
*
1,010,077
101,249,642
91,170 432
Railway. _Z.T
'
,
reserves,;
10,075,956
1,453,102
of construction
'
-!-1
"•
*
??'???♦?('?
m o-o oio
Total
xuvui
.
—
-•
-*•?
-V.
162, P.
Tne
proceeds
11%
Vn xv<k*.
ioia
m
•h»rpc
♦Represented"by'$1 par shares in T945''*ahd $10 par shares
mares
\
two transactions described above, the remaining;
and its consolidated subsidiarieM
of
will
will
have
be
Walter
due
1949-1951
into
Paramount
elinunated
and
all
Inc.
senior
of
$2,000,000
stock.
common
Pictures
When
and-
securities
noteu
notes*
these
consolidated
its
and
only
com¬
outstanding.
Mohrhardt
elected
-notes
convertible
are
.retired,
stock
succeed
3196.J
has; been-
B.
Cokell,
Vice-President
in
i
.
elected-to- the
office-
of
to-r
Treasurer
deceased,- and Paul Raibourn has been*
charge of budget and planning.-—V. •163,
,
_
.
The- corporation carried 31.943 revenue passengers' dnrine the month
carried 31,943 revenue nassenfirerR during the month;'
February,-an (increase of 14,927 over the February, 1945, total of
Croil Hunter, President and General Manager, announced.
1/lFk-WHshire
.
Co
jLpS /^.ngClCS
v
{dating Dividend to Dissolve—
117,016,
-
which
been
Fred
The! r.brtitoratioh
->
/o/iB,iiu/r0f
610,872,100 641,929,153
—
1951
mon
"/
Surplus at end of period
i3-
$2,500,000
subsidiaries
t..,.
ru,j
due
have
dividends
Common
7,336,973
2,231,811
V-
•
,.
12,565,887'1^1«Northwest Airlines, Inc
Earned surplus..—...
'
increased from
financing.
the
-fixed debt of Paramount Pictures Inc.
dwill be
dividends-
Preferred
-
?87,74(L)
t
/,
■///
of
the
O' Giving effect to the
814.915
939,678
f
-/Acqrued and unpaid dividends on/cumulative
(Xpreferred stocks of B. N. & E, Pwr. Corp
.,!-,Paittrin.vsufplus__-__.._'___x
'
I.../
Canadian public will be
the
2,121,862 %
.
851,093
Reserve^for-depreciation; of;;fixed capital:
'-M Electric'and gas
1
aid
the
of
—
Cohtrlbutions'-in
of
consummation
upon
$5,250,000, will be employed,to pay,off all tunned debt of
/Canadian comRany; and it§_cp.nsoUda.te4. subsidiaries..:.;
u,
-
:
Other
holdings
31 /
/sale,
Total -incomeT deductions
SO Neb Income/—!
Surplus at ' beginning
/'vv
,///,/;
■
2,416,842"2,572,441 '
'•X Total
■
^-«v^'Otheri^eferred'i«reditsixX--X-xxiXXX'XXxwHL;Xx^XX':,i'':'ii"^
v
the
anci
X to
11,034,374 v
-1,649,483 -
:
(;y Other'current and accrued liabilities.
Unamortized premium on debt/
•
,
...
'/■;0 Interestaccrued
-
/
March 14 authorized the prepayment
on
ji iadian underwriters and $15 to the public.;. Para mount's common stock
/interest in this Canadian, unit will be reduced from 89/ to 69/
104,314
Gross v income
644,994
'
'
Ltd., its Canadian theatre subsidiary, recently arranged for the public
sale in Canada of 375,000 new shares, resulting lrom a recent re¬
classification on a three tQ one. basis, at a price of $14, to the Can-
-1
$1,710;676
V! '/
$2,500,000 of
Through Issuance
Debt
.
821,819
765,580
J,,',
To Prepay
-—
Refunds
on Aiiril IS
;of $2,500,000 principal amount of its notes due 1/47-1949.
"
/j/This corporation also, reported that Famous Players Canadian Corp.,
866,514
833,600
/Other income
4,037,934
J." The directors
384,875
.741,960
$li,776;2l7
>314,480// 262,586..
X
/
income taxes,
Federal' and State
for
Unit
of Stock—New Treasurer Elected—
2,247,318
"
779,280
889,763
,Prov- for Federal excess profits tax
3,000,000
,
pfd. stock of sub,
on
ProVv
Pictures, Inc.
.Notes—Canadian
$7,306,098
530,163
.
Paramount
'
''
1944
2,507,388
.(other than income' taxes).
Taxes
J
\'/
$8,081,993
revenues
Depreciation,;;
-
,
1945
Maintenance
''
>■ 554,000,',,
preferred (stocks; of/subsidiaries
Notes -payable, (non-cufrent)
*
37,000,000
;jXi'XiL-i"
84,158,400 126,664,009
'•/.> Preferred-stocks of isubsidififytcompunies
Funded debt of; subsidiary companies.---/!/:.-/186,935,667
ebt of
companies.
;201,621,400
//Liability/re: "
' *
relating to JSacandaga and Stillwater
',reservoirs
on
(& Subs.)- -Earns.
31-^;;'^^'
12 Months Ended Dec.
-Operating
>
Operation
9,028,100
.
.
(Wis.)
'
f'-V,
..
t
,
been- deposited with the Title Insurance & Trust Co.,
Theset passengers^ traveled• 19,574,139' revenue passenger? miles, • an*4
• There has bi
-8'f473,iS44^r6v'fenue passengef-niiie^ over -the ll,100,495 totai
depositary and agent for the .voting trustees^ 433» oouth Spring St., Loy
and
during the corresponding month a year
ago.
'
<
'Angeles, Calif., the sum of $52,744, representing all of the remaining
Angeles,
Id January of this year, there were 30,705 revenue
passengers, who;.,;/,net .assets of. the company which is now available for distribution to
ana
and i/ traveled 20,673,301 revenue passenger miles.—V. 163, p. 1433,
j' "the holders of participating certificates. Therefore each holder of a
f*pafWcipating.certificate will be entitled to receive $6.39 per share fob
*•
• ]ncIteas€:»0f
s
-V. *183; p. 196!
_
F
Noma
Electric
Corp.—To Retire 100,000
Merge Subsidiaries—
,
pnarCS
Shares
•
Henri Sadacfca, President, on March 20 announced that thf r4I
that,' the r^
re
of 100,000 shares in
the outstanding capital, stock- of, this ^
corporation will result from a decision by its directors fo consolidate *■
the„assets of ijts -wholiy>owned subsidiary,; the .Ansonia Electrical Co., |
■
,
,
.
intd the
March
Of Noma*
100,000
company
stock!
With
shares,
Mr.
the^Newvvbrk Curb
leai?^tSSing
holds
now
in
thef consolidation
Sadaqca
said,?
its.
100,000
treasury
5iA^^
Management^and operation
Ansonia. company
William J. Weaver,
of
will
on^r«t!n»
Operating' taxes
Air Conditiottete Sales Corp. include
tioA type electric heaters for
home, iridustry and marine use.
'
"
In
♦
'''
;
v/
_—
J;
v
1
$862,045 ;
«.
.
'■*"
'
;
r—
540,697.
io^i acR^' J''' ^ ftndua less of, J,704,354 bolivia-
The
.„rT.„.T.„T..„D,
Electric
of the increase has not yet been fully determined, but it i$
by decree to later provisions; also/ the income as reported for the
it will be between 65,000 and 75,000'shares. ; As of. Sept.
period' includes; appraximately ?65,000; (equivalent to £262,000) .rep¬
30;
the~company4had 202.230 common shares outstanding.
resenting retroactive increases in/selling prices and decrease in smelt¬
The purpose! of the.' increase is .to; provide /or repayment ,of bankf
ing ;charges;applicable. to income previously reported for the year.1944.
I loans advanced to retire- the TM cumulative' preferred * stock/ Which//
Conversion of pounds sterling /was made/nt $4.03 Va to the pound,
/has bfeeh called for redemption ApriLI; to complete -an unfinished adand the exchange value of Bolivian
currency is approximated at 42
,
dition
.
to
a
which: the
plant
Government
whteh/NorWalkf.purchased from the RFC,
:v. 163, p. 128B.
.
•
built
and
during the war and
for new Equipment.—
'/
boliyianoS
-Gross
Cost
Uncollectible operating: .revenues//
Triumph
Stove,
Industries,
.
Operating revenues
Operating: expenses •
Operating taxes t
has
been
Inc.
elected*.
*-•*.
-
WO'
.
-.
-
'
v
.
■
At thereorganization meeting Of
following other officers; were
Beptrand Kahn*, Albert/ Kahn.
♦
^
'
-
/?:Vice-PresidentSf
Robert
Goldman,
$106,660
y
-
.
rtlrAof/»rc
of
Month of January—
Onftfat in IT'
tho
i?ecreittry;; 3,
x>,
and
t
wnarwrn; tyr.;Onprarine
Assistant
.
and
gas
Not
;
l_v
of
'
2940
163,
"
$629,946
104,365
39,793
98,574
48,548
$625,087
Nortl* Texas/Co;
1946-Month—1945
$294,168
revenues
normal
and
•
surtax
-
Fed. excess/profits tgw
Satis."from filing* con/
splidated. Itax returns
.
235,133
•'12,400
24,900
/18,000
-
Or9,900.
$43,265
157 800s
1
275,900
-
Operating taxes
*
£r8T,100
'
Crll0,300
'
$549,203
$25,320
175
income
-•
■
$319,226
716
J
*" $25,802
-
'
of
;
V
5,477
company
.3,738
orv
with
$25^44/ / $25,468
$323,966
-
i' $342,684
ii]American shippers Jean
Express
March.. 19 approved
Pennsylvania-Central
an
agreement
Airlines
and
merger
to
Northern States Power Co.
after; the
/
New
.
York
departure.
Sweden-and Switzerland
p/1032;
•
•' '
-
These
1434.
11-
counfris
week
last
-year,
an
increasp
of
3.1 /
were
are
net, $5,014,393;
•
*
recently
-
class A,
surplus,
$6,452,883;
future
and
has/not
31/1945.—V. 162,
total,
years
been
provided
p. 23984-
>,
'
'
par
The
•one; additional
$25, »s of the close of .business April 3,
1946, are
exchange
privilege
will
ccmrr.ence.
April .5-and
will
/;:/
,1.,/;.,-.;...;/-'
•
For
1944
quarter
quarter-,
,
> ■
ended
Dec.
income
31,
was
,
?//".:•'; ///
Consolidation. Approved—
" ' /
>
„
o/common held of record
.
The. underwriters who will purchase the unexchanged.pi'eferred and^
"Hicks,
The
common.shares
are
Morgan
Stanley f/ Co.; ;Cogge3halt &
G. H. Walker & Co."White'."Weld *• ^ ;'•
stockholders will vote at the annual meeting
•*
March-27
on
'
a
1943
—/■
r
,*•>
J*
shares
1-00 v-proposal to replace 100,000" shares of Sl.'AO "preferred stock with' $0,000
//'.v/ shares ■ of $1 dividend preferred stock. The present preferred issue
t
would be called as of May. .15. -V. 163, _p.;l 153,
)
'
See Schumacher Wall Board Corp, below.—V. 162, R 3079.
The" "Fi'deiity'-Philade'lphia
Trust Co.,' trustee, 135 South Broad St.,"
Pa.-;-will until 12 o'clock neon on April r. 1946, receive 1
to it of secured sinking fund bofMT dated .Jan. 1,T
1936,
tp an amount "suffifcient" to" - exhaus/ the- sum'. of S16.858* at"prices not exceeding par.-, and inter est.--XV.. 101, p. 1247.
Philadelphia,
$945,783
" $1.89
1945,. net loss waS.$287,106; foiv like
$570,884,- or. $1.14^ fi: share.'..,//-_
/
for
five
■!\
$1,020,790
$"> 04'
each
$1,833,418
887,635:
$2,478,474
^77.450 *£1.457,684
for
The 'net
unsubscribed
-
1944
$261,255
/ ;
/V/
net
i
France,
■Earnings—:
1945
-
Profit- -after -'clrargesi^-.^-/—
.*tnck excess,prof its..taxes/.
/
■
■
share
194C. at a price to be filed by amendment.
;
j ' •
proceeds to" be "received from the-.sale of underwriters of
•'the. unexchanged shares of preferred and from the sale of common
stoqk to stockholders add*1 unsubscribed/share si -'jr^uiiderwpiters/are
v to
be used to retire all "of fhe $1.40 preferred stork outstanding. :■;/ •
•April 3.
abided
'
/Months Ended Dec. 31—
16,
.—V/ 163,
earned
,f
of thtpk- holdings for the $1
.cumulative .p'rfrrcl stock on a share-for-shave basis, plus 3 payment
-by the exchanging stckholdcr of an amount .per share to be filed by
'
available/for. the transshipment.—V.. 163,.
/
(Del.)—Weekly Output-
//'///*// '0'-yO>'-.';;'00-0
J
Frequent flights1 to Belgium,
'
-
stock-...
output of this-company for the week ended March
totaled 47,711,000 kwh., as compared with 46,264.000 kwh.
totaf,
/ -offered; the privilcgc-to. exchange 20/
'946'611
now-use Pan American World Airways Clipper
movements of merchandise- to Belgium,.
,.ara„ine Companies. Inc; (& Subs.)
•
.
prepaid expenses find 1
$15,230,207.
,i
>
ferred
;amendment.;
Switzerland.
;
l "*..
14 filed a registration, statement for 80,000
cumulative preferred stock,. par $25, una '2b.'i9U shares
cumulative preferred stock,.par $25, and'26.799 si
;of common- Btock^ no- par cTUhie.: / /_'
d ,*•/ v
»■
Holders of the outsfending 100.000 shares of $1.40 cumulative pre-
to
the eight already -receiving direct- air service from the
landplane
Effective immediately, this new service will make it possible
.,;to have air freighted goods flown-to-London on/he daily schedule,
/ with .arrival at the .intermediate destination no more' than 15 hours
-
or
-
Penmsular Telephone ^-Registers With SEC-
1
-
Corp./ subject
$3.39
shares oi- $1
shares of-$l
facilities'/for/ fast
France, -Sweden
and "was
was
Inc.—Merger Approved—
$3.50
(expire/April 15. 1946.
Holders of the common stock will be given
•the', right tb subscribe-to additional common shares; on the. bp.sis of
,
Electric
the< corresponding
$3.67
The company on March
'
$J,223,176
611 332 /
■'
1.107,000
„
•
t„
,
dh-V, !63, p. 657.
p.
I,
$884-,019
J
1.107.000
:
2 680 315
? • f;
Ife3/p.'il63.ir ';r.
">■'
1,107,000
■.
——
—
'
//t
24,700
Crl06,913
* »■■'*//".!
-
T8.562 /Clippers.
/
approval of the Civil Aeronautics Board. /Pennsylvania-Central
holders ratified the consolidation on March
11946,
ti ^
CpNSOLIDATED BALANCE SHEET/ DEC. 31, 1945
,000 no par-shares)
$15.l-230,207.
7A82'484
'""I
Crl48,487
.
i 233 641
ur.
.
NOTE—Effective Jan. 1,'1945, the company adopted an EmpLoyeea',,
Trust Company of New York as trustee/ All contributions under the Plan are to • be matie by- the - com- '.
ipany.
Contributions totaling" $152,881 paid in 1945 include $89,393 ,
representing 10/ of the estimated total cost of past service benents.,
~
Tha, balance of the cost of past service benefits pf approximately
10,02o!320t
--.V.
$361,247
$327,704
operating rights on May 28, *1945,
Ma/
1945,
sept. 12, 1945.
v. 163, p. 1434.
stockholders
this
-
■t"--
9,634
.
/$l,355,414/?$092,45ai; $l,25t>A85;,
1945
-
yXXl^'-O.
_
777,855
1,069*125""-
>
"$355,769
8,477 \
/.
equipment, and
Northeast Airlines,
TTie
'I
$3,016,253
siori for Federal ipcome and excess profits taxes, $2,003,186; operating
-reserves, $128,506; contingency reserves. $500 000; common stock, (369,-
$12 137 980 $11,385,975
revenues$12,137,980 $11385,975
Net income/
$558^066
202,297
229,976
$25,086
1,055
income
dissolved on
''
'!,■484,867'
LlABILITIEa4/Accourits payable;(trade), $769,712; accounts payable
(others), $32,684; accj'ued general taxes and expenses, $328,843; proyi-
revenues
N,et ppefc&tihg^ inpp.i^e^^>«
"
•
NOTE-^—All figures have been'ajusted' to exclud$ the; operations'6f
Texas Motorcoachesr Inc.-, a subsidiary
company operating interurDaninyinterurban
bus service* between Fort Worth and Dallas, Texas.
rexas.
The company sold'
sold
bus
*
'
.
.
1946
Operating expenses
303,500
>
-
'
X
deferred charges, $357,077;" gbodwijl, $1;
,
=
$42,136
P^;$24,265^
;
V.; Int-ferest'
its
'
1
$3,413,492:
784,655
799.950
1,181,769.
Retirement Plan with Guaranty
.i,
.
'
Operating
Operating
tax__"
^preciation amounting to $10,251,840), $3,873,52U
"
*">9
'
"
Net
,
,,
$2,942,061
v 84,193
H,
,
March 26,
on
'
'
;
-
btock bplit-up Approved
share
173,100
'
/
-17,050;
,// Other income—net /.
"
/,
no- par
arr^ol cl'coi
2,7131213
'
*
I? I Operating income
income
$804,537, is to.be paid in
the accounts at Dec.
2,939,822
•
Operating income
Depreciation )
-
-
w
•
.
GrosS
.
y,C„< K *s''
,
AnnrotreA^/..,
iw
'>
77,000
•'
845,599
1^ waa-$lso vpted-'to incrgasfi the authorized stock by 200,0Q0 shares,.
Ron
$304,669
-
232,902
;f
V;
*""**:'"
"
(& Suh.)
oper/rev, Reductions.-•
$3,336,492
"
;
ABSETS-(-Cashv $l,562.67i; ,U. S, Treasury; savings- notes, and, other !
government securities. $3,866,595; accounts receivable (after deduction
of reserve for doubtful accounts of $94,636)., '$1,282,425? inventories,'/
$3,689,045; pdvances on purchases ahd contra/ti $139,258; miscellan- ;■
eous investmentsand. advances (less reserves$ 159.615;: iand; b,uild^ings, machinery and equipment tatter deduclon of reserve for de-
$885,307
'
$1,0-0,894
_
Cnlif
J
Federal
for in
Period End." Jan. 31—
Fed.
_
QfnnV
for
'
^
$1020 894
/ 158,066
y
69,991'
35,423
7,187
123,996
-
657.
p.
;
■jj"''r
^Dividends paid
Earnings per share
..
^
'
Month of January—
Operating
^
—
Roth the old-and the^new 'shares are witho.ut par value, but asgr.e;
gate outstanding stock: was and will continue, to be carried pn the .book?
/at $20,000,000.—V. 162, p. 3079.
1943 '■/■
1944
$b40,959
f'
3,012,351
to be available for issuance ior general corporate-purposes.
123,250
"Het ry. oper. income.//
-V.
1949
-1.029,407
-
$bai,015
-
$3,206,438
140,320
<
Net; income
'—
York Stock. Exchange directs that the capital stock be",
ex ( said distribution until -.further notice. "
•(
"
The split-up" will increase the outstanding shares from .396,123 to
792t246, exclusive of 7,754 treasury shares.
'
;
..
457,779
2,6§7,560
620.
"
.
nor
:
;
128,582
89,655
.
J
The New
quoted
;
; .388,330
®
social
,.corp,
Renegotiation adjustment (pet)
0Postwar credit of excess profits tax
■
Yjilue,;:by ^he distribution, on April 15, 1946Ti Of ;one addi<?|
to^holders of each share of record March g6, 1946... The
stockholders on March 19: approved^,the stock zplit-up.
EARNINGS FOR MONTH OF JANUARY
*
taxes'
p'
income
Provision
T1946, pursuant to which a split-up will be effected in the capital stock,
; tional
309.213
profit
Other
$6,498^,997
.8,291
■
12,328
-■
exnenses
"aciric Mills
2%'« will be paid on April l, 1946, on the general
convertible income bonds, due 2014, on surrender'^of
the coupon due April 1, 1946. Interest is payable at office of Central
Hapover Bank pnd Tiust Co.. New York, N. V.
."
• \
•
$6,540;08&
Articles of Amendment to the Chapter will be " fill
Articles
the.
filed
electric
Railway—Interest—
Or^ss from railway
Het| from- rahway
1945
-1946
n.
J
21.030,399
2(h546,888
rotal incnmci
Tptal income;$3,346,767
oneratinfi" income
iM
1943
1944
$38,480,919 $27,113,588 $27,218,982.
' 21,584,531
proy; for ;Fedpral-excess profs, tax
-*,
^
Gross
.
17,395.
$6,527,758; $6;490,706,
4,477.457
3,593,048
MUlc
\ ' interest of
mortgage; 5%
1
$22,807
24,046
-
"
income
j
cooking and
"Estate Heatrola" name.
the
etc.)
security taxes
■:'x
,
operating taxes
f
.
Norfolk Southern
$30,165
-
!
/
--(oSrarine
Treas-
Mr. Seubert stated that Mr,. Marshall,
a Vice-President
of Noma
Electric Corp.,will be-in charge of -Estate's
manufacturing operations
and Mr. Bess will direct Its .sales, and advertising.
Mf. Seubert"announced .that an extensive .expansion,;program .now
tinder way. at the Estate. Stove Co. plant at Hamilton should be com-
.products-include complete lines of
coal and oil heating stoves sold under
—V. 163, p. 1162.
,
"
'
fPVPtiupR
,
,,
•
i
,
.
its
1945
discounts,
vFedi cap, stki,. State
(
ru
plefed.by the end of 1946. and, wiii more than, double/the plant's/CR--'
parity.; The Estate stove business is more than 100 years old and
.1
60.348 "
23,505
,
VJHOUeil leiepnone L«.
.
hoard
Treasurer; Carl Helefrich,.. Assistant.Secretary
urer? qndJRaymond Vqegeie, ComptroUer.
.
Years—
sales (less
of
plan;
152.881
Proy/for do.ubtful accounts,,,,—... 12,514.
•
:
■
Estate's
i.
-
„■-"V.
v
.
Tand-ICfihn.
.-
Selling; adv./^enX&. admi exp,^^! 3J25.686./ .2,712,677
129
..
r
' i /On
1
.
and John Bess/another Norn* executive, were added Hto Estate'sboardof'directors, which now includes in* addition to these two and Mr.
Sadacca, WiiJiam A, Marshall, Charles Pierce, David Kahn and Bert-
•
W
Contrib. und. employees'. retlr.
hoar^i of (directors,
—
>•
1
Net operating income
Mr. Seubert is also President of H-D Lamp Co/
Cincinnati, another / ' Net income
v■/Noma subsidiary, and will retain -both executive posts.
^
'V. 163
p. 1032
At a special .meeting of .Estate. Stove Co. st ockholders.. Mr. Seubert
,
N
,
,
1
_
.
141/
i.fe/l
Cbairmanbf;;its
'
230.
p.
„
goods sold
Depreciation
Hamilton,;,O.,, op^ of, the country's leading, manufacturers• of ;gas and
electri^ .cookinr- and coal-wnd- oil heating;stoves/recently acquired by
,
163,
^
Pcnick & Ford, Ltd., Inc. <& Subs.)—Earnings—
:
New President of Unit-
.
to
"
-
Corp,
Noma 'Electric Corp/through its (subsidiary,
David Kahn. fonnsrly President of Estate
income
of
1945.
Calendar
intcy Noma
amounts
amount
believed
John. A. Beubert, has been elected President ot the Estate Stove Co.,
•
relative
expressed in sterling and Bolivian
currency for'the nine months ended Sept. 30, 3945, the report states,
are based upon a provisional settlement with the Bolivian Government
of the amount of sterling proceeds of sales deliverable to the govern¬
ment in exchange for Bolivian currency and such settlement is subject
three
be- absorbed
to
an
4
764^4 lioHvi^'
_
subsidiaries
are.
the
to
nos (approximately $231,056).
1
-
,
all
addition
in
estimated net income, after income taxes,- oL £418,644 (equivalent, to
*
—..D
is
and
$1,689,299). plus 60,592,363 bolivianos (.approximately $1,442,675).: !
Thp hnmriflnv
ni„ns to rail
snecial storkholders* meetii
meeting for Apri
The company pmns to ceu> special stocknoidets meetu
—r xtock./
The, exact
...
di.tsribution
p^tino Mines & Enterprises Consolidated, Inc.—Earns.
a
_
liquidating
The company reports fop the nine months ended Sept. 30, 1945,
,
'
1
final
per share which was made on July 8. 1944,
and-the company will be dissolved.X-The final distupution was pgyabie
,on and Utter March 16, 1946.—V. 160,
p.-2287; - » ^
,
w...»
.
the
distribution equal to $50
$609,914
844,410
.
.Common Stock—
-
,
1
'
•
-
.
,
^
1,195,807
920,778
'
convec?
Corp. and. its operations-conducted1 as a division under the direction
of George. R. Simon/ its President.
Glolite products include novelty
lighting decorations, religious specialties, and other novelties.
*
'
__
is
-sum
-
$5,937,049
6,221
7,368
,
'eacli sh$re P* 8tock represented by his participating certificate. ,'.Thi»
;
3945
May 1SSUe *
mdy Issue Additional
the near future, .Mr. Sadacca said, another wholly-owned, subsidrary/ Glollte Corp., will also be consolidated into' Noma Electric
'
revenues
V' 183, r 1032.
,
Products of
', '
V"
-
1
-
$5,549,806
)
COhditionere SeiesxCer^,Ir>wnOther:wholly-towned subsidiary, will*like?;
Wise be consolidated into; Noma, end its operations conducted as a division under the .management of Albert C.
MulIer. Jr'./ President of
unit,
1946
»
^
-JJfv
.
of
-
that
'
"*
company, fexcept.vthat'the entire'business will be^-contlnued fis a
division of Noma. Mr. Sadacca said. ' Ansonia's
products include thermoplastic cable, radio and audio frequency control cable, power transmission cable, -armored power cable and
armored
many other types of wire.
X Mr: Sadaccft also
Mr! Sadacca
announced that as of .Marrh 3t tha aasPtR nf Air
of -March 31 the assets of Atr
•
'
•
Net- operating inconre_____-_^_—-_l—_
;
continue
President
>■■>-
•
.
"
caoitTT stS
the
of
unchanged;under: the.(direction
'
«5,030,828
shares
is planned to cancel these
abbiicafion will- be-made' to
application will be
Exchftnee;vtAfieH^?tbo^tm^iedv;^ftw^ Tr^^m"
apbroximatelr
January—
Operating- revenuesUnoollectible operating
it
find
and
$hai
.
Month of
parent'concern.-U The-consolidation will become effective as of-
31.
Ansonia
The
Northwestern Bell Telephone Co — Earnings—vjcjMioii©, y».
earnings—
.
duction
•
bids
for
the
sale
,,
.7
J
^Pennsylvania-Central Airline^ Corp.—Merger Voted^—
£*e
Northeast
Airlines,-Inb! above.-^V. 193, p, .1434.
/.
THE COMMERCIAL & FINANCIAL
CHRONICLE
1514v:
•
La
Years Ended Dec. 31-—
'Total
vv'•/&*'£
/
J
revenues/————.
operating
Operating expenses
Electricity purchased
■Maintenance
:
v*1 ft-IS*;.
——,—
1945 m/>.1944 m
$21,130,253 $20,713,376
8,020,931
7,438,411
resale__-!__^_j!_^--_i-;
for
Pica
'feet
Pennsylvania Electric Co. -Earnings—;
./•*
in
;FT-1,
1,443,658
—«—»•——■■'■;• 1,511,877 s
1,835,510
(deprec;) of fixed capital-v 1,902,219
189,884
for retirement
Prov.
•
is located in
Federal
in taxes).———
profits tax.
reduction
-recurring
excess
State 'income
2,096,657
—
5,888
'// 238,568
taxesi-'--—
I
y-V
-Nfet
operating revenues——a———
$5,054,588
—
Other income-
•
:;i-.-;.Q,to89 income
Total
V/M: 83,065
deductions
income—».
from
1,359,243
——
•Estimated reduction in Federal
Balance of
Income
•
•Attributable
deduction
to
and-amortization
Steel
;
i,
Mr.
President,
the
announced
has
election,
a
.{
Canada and throughout the world.
I
for many-years been associated with Pepsi-Cola
Company, • having been a director of the organization before becoming
"Manager of the franchise department.—V. 163, p. 945.
This
'•"*
-i
.Jjfire
•'■The
on
directors
on
declared
19
dividend
a
of
$1.25
dittie and
including May 1,
distribution
made
been
has
each
quarter
he said.
for
the
Car
of
both
be
Commission
Co.,
Inc.,
announced
companies
have
possible
sale
used
to
expenses—.
Maintenance
Deprec. and retir. exps.
Federal
the
-
40
plant
at
March
of the
Mt.
freight
new
of
cars
the
10-year
Amort,
on-March
approved
the
i
—
$7,204,523
Divs.
a
additional
registration
shares
of
statement
common
77,292
129,835
221,720
427,783
182,855
650,768
398,605
56,798
474,958
211,903
1,070,166
816,016
—V. 163, p. 1288.
^Philadelphia
wf2 Months Ended
$474,958
$15,131
J
/
revenue' ..u—..—i——
•-Other income (net)—.
tr».
.
v.
:
>
^.r..
,
K
'~)y
V
*
1
160,954
675,436
244,350
188,976
.'"188,886
$1,072,485
and surtax
prof;
exc.
applicable
debt
long-term
Net
in
'>•
income
j^WNet income
$8,009,55.1
——
""Tt?
^Ivlinority interests in .incorne:'%..ty.i.,f,,i:.,..vv;,li.^....
v.;:
r.+.tDiys. on cap. stks.: of subs, held by public— ^ 1,681,875
t?j.'-Minority int. in undistrib. income of a sub.— 1;!
29,711
5%
»M.4.
net income
Surplus at beginning of period
Credits to surplus
—
—
X
■'
TMvidends
on
P.
$6,297,965
9,553,590
■ JDr5,907
:
'
2,696,807
cumulative
preferred
preference
stock
stock
♦•Before
8,590,620
-
$462,980
7,288
9,105
$5,343,009
$5,816,363
'
.
92,700
103,803
$472,086'-.$5,909,064
'Common stock
* Appropriations to reserve
-Interest applicable to Federal income tax set-^
^ ■'tflement for years 1938 to 1941, incl.——.
^jSurphis at end of period
Net
provision
1436.
for
Federal
•
-
$10,468,491
income
and
and Its
non
deductions
excess "prrofits
mL* V
Total
::
operating
$919,843 $10,458,658
533,485.
Provision
,
>
for
—
on
Provision for other Federal taxes—
2,837
$395,505
67,235
$4,087,954
815,002
$3,215,644
814,075
89,473
533,987
125/600
89,473
-984,207
35,600
407,900
$203,197
$1,880,845
669,797
-
require-
•
$258,929
55,816
55,816
/
taxes
$1,778,109
669,797
income
-————
—_
fTctal income deductions.
—
tV; 163, p. 1435.
X
1,160179
2,841,797
!
•.
•
registratIon statement filed with SEC Jan. 16
covering $15,000,debentures was'withdrawn March 12—V.
163, p. 1033.
000 20-year 2%%
....
•
,
"
*i
,
V
'
■
'
'
"
.
>,
"
,
Phillips Petroleum Co.—Drills WeU in Venezuela—
'
*»«r,^lank ^tllips. Chairman,
and K. S. Adams, President, on Nov. 19
e first exploratory test well drilled in Venezuela
Xfy. th® wholly-owned subsidiary Phillips Venezuelan Oil Co. cored
saturated oii^apti- from 4,675.to 4.70? feet. This oil horizon
is
u
»a
ix^.the
553,911
'
.
1,468,510
$1.12
,
$1.06
"
'
$1.01
*-
$1.22
-
profits taxes for 1944 amounted to $8,981,613
credits of $898,161
credit of $601,727
of $296,434 <1943,,$328,626).,.
~
;
1944
.CM-/$ MM*-■//y" $ /M:* ■■
41,657/
——,-.4——^-. ■;
funds—■
refund of excess profits tax—-—>—
M
41,754
10,000
10,000
———-
708,627
25,683,745
3,550,907
(less reserves)
deferred
9,769,134
400,157
—
524,792
.
" 66,636
/
66,269
——„
8,543,378
and
expense
9,446,851
470,674
8,432,404
*
discount
debt
223,345
50,490,147
61,990,599
10,165,731
and supplies—
Federal
163,653
383,970
Special deposits _——Working funds -——
*
^
—,
Temporary cash investments
———
Accounts- receivable- (less reserve)-*—-—
Materials
8,879,537
555,216
326,469
capital stock tax.
Total.'
-g
debits—
; i,Q07
'
—-w-—-U--——— 736,684,501 756,423,715
—
LIABILITIES—
219,817,396 221,177,449
Long-term debt ——
120
120
Notes ■■ payable * —~4,804,760 / 5,130,817
Accounts payable —
587,436
587,436
Dividends declared
—
1,679,600
1,924,428
: Customers/ deposits
—————
—992,746
1,310,644
Miscellaneous current liabilities
15,404,688
14,991,849
I Federal income taxes accrued
8,379,886
6,042,384
Federal excess profits taxes accrued
.
taxes
Other
/
1,570,031
accrued——-
/Interest ■ accrued ■ ————
Miscellaneous liabilities
.—i—
'»<
1,798,379
1,400,879
181,416
1,419,491
,
■
70,430
2,022,856
2,130,506
credits -.—ii-i—
depreciation and retirements— 139,717,679 147,300,379
2,448,816
2,561,050
Insurance reserve ■■ *-■-r.
Deferred
Blake announced that total
compared with
combined
The.
gross
$184,643,812
revenues
revenues
in
1944,
1945
were
by
.year,
Japan
.
$184,-
a
/
.
'•Total
tRepresented by 5,503,193
163, p. 468.
J /
the.cUrtailm.^hbhf iAdustrial.actmty'.'feite^.'the surrender of
Aug. 14 and h'y .the1:jhcrease'in dp'e^fingy.exhehaes, including
labor, costs.
Revenue /from t'rahsp6ftati6n operations
also
the "effe<iti,Jof * the 'di^cohfiiiAanCe-^of
-^asWihe rationing In
on
higher
showed
Aargust, with. a> decrease in the number of passengers carried, compared
•3,454,844
10,620,024
8,767,125
2,007,745
2,041,248
Contributions In aid of construction.
—.——
111,933,694 111,933,694
tCommon stock •
21,449,300
21,449,300
8% cumulative preferred stock ($100 par)—28,908,000
28,908,000
7% cumulative preferred stock ($100 par)—..
58,731,200 < 58,731,200
6%. ^cumulative preferred stock ($100 par)——
49,424(198
49,424,198
J $3 cumulative preferred stock—i
.
358,470
358,470
Premium on capital stock
30,280,615
30,278,059
Operating subsidiaries' capital stock
,
27,102,178
20,343,908
Surplus
—
—V.
of
both
commodities
Electric
as
yearTa
increased.
common
of
In
to
The
dividends paid by the corporation in the
year.
Taxes
companies
included
In operating
revenue
deductions
22.35% of operating revenues.
736,684,501 756,423,715
*517,712 no-par shares.
'
Service Corp.—Output—
1.0%.-V. 163, p. 1436.
m,
,•
These
.
.
on March 14 filed with the SEC a registration
400,000 shares of common stock ($5 par). PuWic
company
account
v
Inc.—Registers With SEC—
ing of the stock is expected later
Lvnch
Pierce. Fenner & Beano.
addition, tp the regular, dividends or), the preferred stocks of
corporation
aggregating
$9,850,936,
common
stock
dividends
amounting to 90 cents per share were paid during the year,
v
There were, ,19,120 employees of Public Service companies; as of
Dec. 31,
1945t Wages and salaries paid to them, including payments
,
decrease of
ment covering
stock
subsidiary
amounted
v
companies served by this corpora¬
week ended March 16, 1946, totaled 184,992,000 kwh.,
with 186,782,000 kwh. for the corresponding week last
Publicker Industries,
charged against earnings of the corporation and sub¬
sidiary companies in 1945, the report shows, amounted to $42,155,155
and were equivalent to approximately three times the
preferred and
"
output of the operating
for the
compared
tion
M'*.1Total' taxes
no-par shares.
Public Utility Engineering &
m
<With: 1944,
sales
2,947,206
v
'■1
of
companies
compared favorably with 1944, showing a
1%, Mr. Blake said.
...
Referring further to the; annual'Topopt,,'.the". President of Public
Service pointed out that .operating
rCyj^fes'iH\I945^1ectric, gas and
transportation—^were .adversjejy" 'alf^tea
cqm&alre,d ' with the previous
.
.
for
decrease
$353,552.
in 1945
decrease of less than Vt of
a
of ..the) ,operating
3,647,980
3,553,889
Miscellaneous reserves
CrheAVy requirertients of industries. engaged in. war i production work.
>'if.,The:annual )feport shows that although industrial?L&nd commercial
•^sales' of electricity and gas decreased last
year, compared with 1944,
$15,379,528 $17,302,273
:
-
Prepayments
;pa»tlcularly in the latter months o£:laaAjyear..;:
OMMf. Blake satd: that all demands for
electric, ga&. add-transportation
'. 'service
wereH.Adequately met., during: .the year, including the very
.
'
interest'and dividends receivable—:
$1,108,312
$18,797,899 $23,643,097
1,252,464
134,094
ii ^SfPx ^orr*s & Co., Ltd., Inc.—Withdraws Registra¬
tion State for $15,000,000 Debentures—
MfC.tv
$1,211,048
report of the business of the corporation and
for 1945, distributed to stockholders, President
companies
290,260,
.
1 808 001
336,529
Injuries and damage reserve——-i—
Employees' provident reserve
—
annual
the 37th
residential
Net Income
>
$147,381
$20,050,363 $23,777,191
4,670,835
6,474,918
Net operating revenues
Other income, net
Gross
-
$203,113
George H.
8,429,715
8,621282
5,228,033
-
■
Rents receivable
1436.
subsidiary
8 221134
1,747,848
1,108,854
2,287,703
Provision for State income taxes
PrOv. for other State and local
7,316,571
2,587,560
5,503,193
■
6,569,795
$3,205,587
M 10,057
,
div.
163, p.
in
the
7,700,000
7,354,649
7,640,199
2,587,560
5,503,193
I7,791;30l
Public Service Corp. of New Jersey—Annual Report-
7,042,903
X
2,587,560
Utility plant
619,907,224 648,962,277
365,779
Other physical property,,———-—4,668,559,
204,746
Other investments ———-i—4.—,
261,623.,
$9,775,382
6,373,541-
»
$4,085,117
income
income
stk.
-V.
$98,534,218$100,629,586
44,854,163 38,587,810
depreciation
prpvlslon for Federal income taxes
Provision for Federal excess profits taxes
2,587,560
4,952,874
Reserve for
•
i
—
3,523,872
This amount was reduced by
consisting of debt retirement
$966,226),
Other
$386,358
9,147
:
Balance
STATEMENT, YEAR ENDED DEC. 31, 1945
v■■ c3bpany, Co. & Subs.
revenues
"^jP^ting expenses
Maintenance
2,023,560
3,523,872
.
%■'
Pfd.
cweek ended March 16, 1946 amounted to 125,936,000 kwh,,- a decrease
.fiL3,321,000 kwh., or 2.6£>, from the corresponding week of last year.
^jvJ. 'rEARNINGS
1,715,944
2,023,560
3,523,872
of
excess
$9,662,254).
Unamortized
recurring
-
Federal taxes
$9,553,590
for
1,715,944
2,023,560
Sinking funds
taxes.r-
$443,464
59,035
;;.v-y'V'.Net
subsidiaries
stk.
Corp. of N. J—
ASSETS—
....
$444,554
Dr 1,090
Deductions
/
Philadelphia Electric Co.—Weekly Output—
company
1,715,944'
1,715,944
2,023,560
3,523,872
.
Ml 1945
.
output for the
S.
(1943,
^,500,744 $2,^01,317
$2571956
.
income
Special
937,698
j.-*,*For payments made by Philadelphia Co. under guarantees and not
returned to Philadelphia Co. and subsidiaries consolidated, covering
ahd interest applicable to
prior periods.—V. 162, p. 3197. K,
electric
16^547,479
•
2,854,855
1
income—
oper.
Gross
790
-
1,253,009
,
.
(4943, $637,600) and post-war refund
2,545,495
184,894
Non-oper. income (net)
1
169,601
15,908,040
pref. stock,
pref. stock—
com.
on
NOTE—Federal
$5,446,813
214,1^^,408,319
$737,774*
■
Operating revenues —$959,802
Operating expenses —~
515,248
600,000
269,340
.
15,690,658
Corp. of N. J—*-
.
.
■
1,473,420
600,000
.
!
cum.
; Postwar
Period-Ended Jan, 31—
7,838
269,340
790
2,854,855
9,151
—.
'7,250,388
15,995,081
"
/Miscellaneous special
2,500,000
;;
Public Service Co. of New Hampshire—Earnings—
1946^-Month—1945 5.1946—12 Mos.—1945
$7,091,236
1,473,420
1T^$5' cumulative preference stock—
^Preferred 5% non-cumulative stock—
1,237,017
stk. of Public Service
.
.
2,025,673
2,093,158
i4> ilia
$750,485
(net)
/VjGrossineb'm^—
.^nd'
.deducts.
V- 163, p,
$15,845,648 $15,689,695
—
1,200
1,242,719
I
—~~
Earns, per shr. on com.
1,398,026
.
Income—. $552,880
93,216
386,031
/ / 1,146,871
1,924,332
7,515,870
.
Int.
1,701,875
,
19,420,896
310,667
;
1,200
1,200
1,164,040 / 1,308,541
450
.
56,391
18,752,237
428,569
1,191,271
$5
capital stocks of company:
cumulative
cum.
Divs.
to
income-
income
$8,88^,328
18,461,777
' 1,117,675
Federal)—
pref. stock,
pref. stock,
cum.
cum.
Deferred
Consolidated
■
:;
■i
103,308
.
pref. stocks of
on
8%
re¬
1945
oper.
Other
'j)1,:
124,470
/
372,532
deductions
7%
$1,151,980 $11,622,363 $12,161,922
69,000
-1,090,000
1,112,054
620,000
2,216,000
5,706,859
342,000.
tax——.
expense
672,329
.
19,364,505
18,648,929
■/
.
'
,
15
COMPARATIVE CONSOLIDATED BALANCE SHEET, DEC. 31
funded
$15,882,198, $16,488,930
deductions—^-7,872,j§46
7,602,6,92
u
MM-
18,337,307
107,197
:
(incl.
of New Jersey—
Special charge for por:
tion of premium and
/
"15
■■■'..•
Public Service Corp.
$1,051,384 $10,840,584 $11,085,955
100,596
781,779
1,075,966
.
—
normal
Fed.
'
.
i':lilll
18,621,260
———-—
Expenses
m?g*oss income
oTotal
r};J. }/£)}>
18,728,457
Divs.
2,800,625
:
234,727,
$1,072,485
income..
Total
Fed.
•"
local r
income.
oper.
-1,500,000 / 1,500,000
14/
,
Revenues
Other
1,483,752
-112,674
Fed. taxes-
oper.
i,ili*
•
1,500,000
14
by Pub. Serv.
N. J
Taxes
8,048,716
1,745,100
;
690,616
,132,126
•
4
''T,il3
:
1,500,000:;
Corp. of
1946—12 Mos.—1945 H
'
-.--i
Elec.
(1943,
•
592,146.
•
612,024'
$2,439,242 $27,011,937 $26,646,665
76,006
:
■»:
State,
misc.
Net
■"Net
$16,474,345; $17,161,260
„
J
"t
.
lllV ->.»;■
v
Public Service Corp.
.of New Jersey—
1944
,
,
m
,s.|,
,
*
$2,389,381
depreciation.
for
and
———-
"
^•Wet-ppeffttlng
Service
own.
•
&
1946—Month—1945
operation—:
for
Prov.
•
tax
.
day.
.'■<
'
Maintenance
Prov.
Co. (& Subs.)—Earnings— ' V
Dec. 31*^
1945
—
7"
Priod End. Jan. 31—
Other
$816,016
Operating revenues
$60,978,848 $61,667,381
Operating expenses
• 22,583,983
22,507,790
Maintenance
3,643,260
3,973,593
/Ap'prop. to retirement and depletion reserves—;- 7,773,806
7,913,507
.Amortization of leaseholds—^
i.-u.
'2,537
.2,139
Amortization of utility plant acquis, adjusts
690
■
:<M
690
"Taxes (other' than income taxes)lL//
—// 2,931,223
3,034,399
Prov. for Fed. inc. taxes by utility .subsids.—3,535,400
3,995,700
Ffev; for Fed. excess prof, taxes by util,'sub.-^ iX 2,987,000
2,409,300
'Prov. for State income taxes by
utility subs
/•■
£46,600
669,000
•
,y
•
; .v -
mg
'3,918,342
i
1936-1945, Pressed Steel Car received orders for
and Mt. Vernon for about 33,000.—V. 163, p. 1436.
Operating revenues
Operation—Pwr. purch.
$128,570
4,961,119
stock,
Public Service Co. of Indiana, Inc.—Earnings—
/•.
83,333
41,667
surplus—.
:8,267,113
3,696,668; 3,856,375
period,
n
Sinking fund6 and other
Appropriations
8,354,404
$5 cum. pref. stk—
/■ Common stock
-
,
238,960
445.923
214,871
to
complete car building
a
8,027,623
——-—
,
Net- income
'Balance,
due
33,051,088
33,465,580
7,945,714
-
/;' £? Gas Co.— • /v
-7%'cum; pref, stk._
'
NOTE—-For mechanical reasons it is not always
possible to arrange companies in exact alphabetical
However, they are always as near alphabetical
position as possible,
$8,804,306
474,377
;
31,722,432
pd. to the public:
Public
order.
31,066
profits taxes
..Other railway taxes—
rJjfct, oper. income
t-<
587,681
33,203,4.77- 32,992,183
;
58,905
262,103
and
Net income
V"
'
42,536,261
48,577,510
43,119,108
31,248,055
deductions Ulu'i
/'reduction
terms
this acquisition.
In
filed with the Securities
20
discount
chgs.
Spec.
13.
of
misc.
-
-
Prudence-Bonds Corp.- -New Securities ReadySee Hotel Olcott, Inc., above. -V. 162, p. 1895.
'
1946—2 Mos.—1945
1946—Month—1945
$3,451,976
$4,366,156
Feb. 28—
I
«.
32,376.793
/ Gross Income
Interest on bonds—.1—
EARNINGS FOR FEBRUARY AND YEAR TO DATE
Grpss income
41,020,212
Deprec. & retir. exps.,-.
$11.25 per share was paid on account of arrearages. ,->3$
w/After giving effect to the dividend just declared accumulations on
ihes prior preference stock will amount to $36.25 per share
> M'J
Federal and Canadian
fos-ihoome.... and
excess
/:'.//■
excess
M
Vernon,
a
Louisville
about 46,000 cars
Ii,-*l937, when
-period End.
income,
1942
1943
Co..
-
finance
the company
on
COMPANIES
183,568,431 184,005,394 183,236,912 167,393,136
79,317,663
79,446,668
77,581.302
66,091,728
17,530,286
16,101,761
15,038,950
12,553,560
13,911,158
13,889,802
13,855,773
13,219,404
revenues——
Operating,
contemplated public offering of 100,000
a
will
possibility
SUBSIDIARY COMPANIES^
1944
1945
Operating
:s
stock
Ml-/
than
more
—
.
this
„
of
iy>/;m...-:;
31,789,112
Steel Car
-
,
the ownership
:
.
,
V-!'vVv
■
,
W
Co.'s
See also Pressed
.«■
Calendar Years—
Subsidary Cos.—
111., with a potential capacity of
Its plant Is strategically located on
Nashville, the Southern Railway, the
Missouri Pacific and the Chicago & Eastern Illinois and is near the
lines of the Illinois Central, Chicago,
Burlington & Quincy and others.
The announcement adds that,
according to industry figures, during
The previous payment was on Oct./
1945.
Steel
directors
common
the. lines
payable May 1, 1946, to holders of rec-£
The company announces that "this is in the fur-v;
previously announced policy to arrest accumulations
similar
Pressed
of
repair
about
1946.
A
,,-v.
/j/ Mt. Vernon Car Manufacturing Co. .operates
share
per
of
covering
the prior preference stock,
therance of a
hh 'this stock."
Porter
~
from
CORPORATI6NIAim
years,
Exchange
and
March
the
buses,'
on
132,907 stockholders of the corporation
were
r/j/.:-/,-INCLUDING LESSOR
of
its
The net proceeds - from
shares
Marquette Ry.—$1.25 Preference Dividend—
dird April 5,
with
•.
-
resulting
duplicates
of
,
arrangements to sell
plant at Mt. Vernon,
Pittsburgh.
'
■
accordance
•
were
EARNINGS OF
company has entered into a contract to supply Pressed
plants with certain specialties l'or a period of 10
of
boards
and
M '■"•V'.'M.-'r
:
in
Passengers' carried
1944;"1
compared
stock, there
at the close of. 1945..
company
preparation
has
LeRoy
There
Eliminating
policy to
railway specialties business inaugurated in De¬
with the acquisition of Fort Pitt Spring Co ' of McKees
Car Co*
/of the sale,
the issuance of franchises to Pepsi-Cola bottlers in
LeRoy directs
made
was
totaled
and 925,911 gas meters.
^
;
completion^
announced,
Pressed Steel Car Co., Inc.
~
The
the United States,
Mr.
sale
President
*
Jr.,
I:
holdings
■
fol-
Mack,
^
-
1945
cars .totaled
657,674,888 last year,- a'
with 1944;"::'
./' v / ';
1,054,876 electric meters in service as of Dec. 31, 1945,
of T.53'Jo
one^ class
:
in
: 106,548,900 compared
with
all-service -vehicles and street
has completed arrangements for the purchase of the
car
building assets of the Mt. Vernon Car v Manufacturing Co.,: a
.wholly owned subsidiary of H. K. Porter Company, Inc., Ernest Murphy,
meeting of the board of directors, of Edward A.LeRoy, Jr.,
Manager of the. franchise department, as an Assistant Vice-President.
S.
its
decrease^of" 391,356,330
a
of
decrease
1945 .totaled ,4,'374,496,656 kilo¬
compared With 1944, Sales of
37,909,283,600-cubic' feet, a decrease
electricity, to customers in
customers
,M
Pepsi-Cola Co., Long Island City; N* ^.—Official ProWalter
of
Common "Stock to be
Offered to Public to Finance Acquisition—
y
■
lowing
eastern Venezuela.
All of
acres.—V. 163, p. 1201.
according to T. M. Evans, President.
below.—V. 163, p. 1033.
,
jtrioted—:31 ^' •;
25,000-acre block
a
of
hours,
to
interest
charges of indirect parents in process of-reorganiza¬
tion—non-recurring.—V. 163, p. 1434.
of
Inc.,
.
$5,500,686
for
returns
the- consolidated
in
The
The Porter
»1,276,979
$4,830,438
i
income
969^575
»
in
869,603
company .has
cember, 1945,
Rocks, Pa.
$4,223,607
taxes-
blocks
total
.further, develop
1,342,990
1
$3,860,863
Net income-
'
$5,566,507'
$5,220,106
/
portion
.the fixed assets of its freight car
manufacturing
111., to Pressed Steel Car Co., Inc., ot
$5,483,532
-
165,518
.
large
country
This
'
northeastern
Assets of Mt. Vernon Plant—
1,008,609
971,968
the
; (H. K.) Porter Company, Inc., Pittsburgh—Sells Fixed
251,750
'
Other taxes —i-——
watt
gas
•?A'•-''s ' '/f
2,196,762
•
other
four
that
in
"Federal Income taxes-(before deducting the non¬
4
Sales
t
exploitation' leases; known as the-Mata Glande Block, in" the State of
Monagas, -eastern Venezuela.
Phillips Venezuelan Oil Co. holds exploration or
development rights
on
utility plant acquis^ adjustments—
of
which oil sands
ranging up to. several hundred'
generally are found." Additional coring is now be-.
to running pipe and testing. VThis well,' the
^
.
■i Amort,
formation in
thickness
Pr®Uminary
1,055,144-'
1,137,673
Monday, March 25/1946
shares
are
of certain
state¬
offer¬
by a banking group headed by Merrill
' "
"■
'
"
1
issued and outstanding and will be sold for the
stockholders who are mot officers or directors of
,
,
thCompanynwas
the
on
account
of
employees
of^llngss, for the
and
their
year totaled $55,617,173.
beneficiaries
under
the
divided
For the benefit
Welfare
and
Group
.Insurance plans* and under the State Workmen's Compensation
the5companies fir;I945"dlsbursed"$2,48l,658.
v
Act,
.
incorporated in 1913 in Pennsylvania'
Uhder the hame
Publicker-Ward Distilling Co.
The business of the company may be
into two principal " lines—the production and distribution, of
industrial chemicals, and the production and distribution of alcoholic
beverages, and, in connection with that, distillers' dried grains and
solubles. The company also is engaged in the shipping business through
a subsidiary, Paco Tankers, Infc., and has a 50%
interest in two ship
management companies^-V. 162, p, 1678. i f .;
Mr*, , j
• * *
1.. :
7j
vf.ptr. / > »,
•% - (
1 7- « v
I -t v
of
,
V
'1/ Public
pt
$
Utility
•\
inc.,
oper.
revenues
Maintenance
53,437,208
10,324,782
10,296,728
,-i-;,
*,*
Depreciation
Taxes
util.
Total
.'Gross income
Int.
refund,
and
bonds—
.,
2,454,445
.
v v 427,613
on
debt
4,462,390
427,613
Cr31,708
■-427,613
427,613
Cr31,708
79,697
Cr24,071
2,895
79,771
609,966
609,320
Cr31,708
on
int.
1,359
charges-
78,368
9,084
Amort, of
prem.
Taxes
assumed
Other
interest
Miscell.
deducts.
income
•Special
;
-
2,779
2,627
76,043
' 9,813
444,756
charges.—-—
•
—
COMPARATIVE BALANCE SHEET, DEC. 31
ppp'p pspp PP'PjPPPPllpPP'PPPPPPPP'Mp.1945 ' :
Cash
•
—
-
—
■
receivable, (less
Accounts
Receivables
Rents
companies.*
receivable——>——
••
Prepayments
Unamortized- debt discount .and
expense:
—•
Retirement work
in; progress—.j--Federal capital stock*tax——1—— •
Deferred
:
r
l'
.i (i
*' '
('
par
/. '
r
/'
v, i'
sales
proposal
a
Excess
*
profits
dividend
cents
20
of
645
ii
','y1;
Operating
Operating
Net
per
250,000
the
to
V
f;
on
I}.'•1
'<
{i''.
^
^
ENDED DEC.
0 MONTHS
182:744,500 184,063,500
".Accounts
...payable;'—.;
—i*.:—
*
Payable to associated companies
—
Dividends declared (less special deposits)**—
Federal
income
Federal
excess
1945
31,
:
——
fiscal
ending
year
has
taxes
907,535
Miscellaneous
long-term
on
accrued
Interest
other
on
955,478
1,006,850
965,084
179,393
163.481
debt
liabilities
„
liabilities-
accrued
Other
795,166
construction/*—-i
credits——.
deferred
Reserve
■*;■
for
advances
—*—,«,-■■
——
1946.
30,
,
,
1,360,885
Injuries and damages reserve
——.—
Employees' provident reserve—*..,—
*
—
Miscellaneous
reserves.
—
Contributions
.
in
stock
Common
IVe
,
2,671,680
8,083,423
1,910,891
construction
aid of
146,205,800 146,205,800
19,998,200
19,998,200
(17,825,290 no par shares)
($100 par)
pref. stock (300,700 shares, no par)-
Stock
liability; for conversion-—7 ^
{preference stock ;
Earned. surplus.
•"
7,673,415
^Capital surplus —,/—*-.-—/*—-**—_—.-.
17,183,657
:
—L
Total
—V.
163,
Month
Total
of
January-,-
operating- revenues—.—
operating expenses*..
Total
.1945
^47,361
1946
—^74,860
90,351
;
163,
operating
Net
deficit————————
•'
communication: income^——;
Other:
' "$33,272
7115,491 •*
•
^
vv
)-•-
2,079
—
't
* t-r
Gross ordinary deficit--..—-—
Deductions from, ordinary income—..
,
deficiti'—J
Nei
3,110
,
deficit
♦Profit.
*
14,340
$12,182
*$21,019
-
...
t;.
1945
from
•
operating:', expenses.
.
Net
$416,512 ;
,
income-^Non-communication ^ Lil—- *•£ h Dr 1,619
'Ordinary
5 1
of
bauxite
'■
f-'
r*
<
$473,137
'.13,879 /
Dr4,051
} 'r'~*
;
'111
"1
""
i:
1'"
■■
■""
——"
1,750
10,125
—
Deductions
from
V
income
163,100
$125,487
income
net
transferred
International
'
to
earned
surplus—'
-
;
"
Brig.
1945,'
Zone
General
Samuel M.
responsible
was
civilian
Thomas,
for
communications
the
v
who
from
supervision
to
August
and
December,
of vthe
restoration
of
Occupied Germany,
Representative of this corporation ,it was announced on March
by Thompson H. Mitchell, Executive Vice-President.—V.,163, p. 1034.'
subscribe, to
shares..,of
stock,. $50
in
four
common
par,
shares > of
dividends
of
the
P.M.
on
36
April
1.
.
of
one
'cumulative
share
stock- held, at
cents, - ->r
Subscription; rights have
3
47*
new
.
ratio
Each
-
,
been
share
mailed
to
for each
holders
and
will
expire
at
of ,4 fc preferred- stock will bq con¬
shares of common.
The Exchange ruled
i?' ''«1
the
>
'
,
* <•" T
' "
of the company was
capitalization
the
year
ratio of 50.87% bonds, 16.39% pr*iyred stock and
32.54% common stock and earned surplus. At Dec. 31,-1945, tne nee
investment In plants and properties was 3:40 times the gross revenue
i
"for
1945.
a
"/•
*
' V
'?'0
^
OF
STATEMENT
>
INCOME, YEARS
-ENDED DEC.- 31
Opting wv^nue,:
'
Manufactured
5'ib6T«-
gas
'
t
;" 8"
Totai
Operating
expenses
Power and gas^
1- $21,448,687 $21,211,408
**.—r—8'?S?'224 8 326 433
purchased*—15a3
V
438
g 'S
Operating income
Other income (pet)-—
'.V '*'«•.
/
•■'i.
.'
*•{
1945-
'
Interest
'
1944
1
paid
Randall, .President,..states;,
cessation r'bt "
1
^
ae.tlye.^hQstilities" found
the
company
Interest
-
Net
r
engaged
Dividends
1
Dividends
■
ASSET8*sinao awsats?ia-.i.
in
V.
Total
...
.
•
Due
payable
payable
employees
:
for
U..S.
bond.purchases
8V100
—-——:
*
r
"
w:-;
*
ri-og'si 7.
4 614
-
Cr8'87b
59,203,
^/:^a7:J$2:844,442;\«2,864,472
* •__•*—
01? 000-
9l2'.
taxes—679,000
Federal income
$3,523.442
,
935.J«2
consondated ret^
end amortization charges on securities of indirect parents ( reoigau
ized during Jan.,
1946, under Chapter X of the
which Seductions will not be available after the reorganization of.^ch
in the
•Resulting from deductions,
COMPARATIVE BALANCE
SHEET, DEC., 31
1945
aoofro
1
.
■
.
*oq ciq
,
-1944 :•
.
plant and
n'- Cash in banks and on
hand—*———-—
336,^4
3 005 955
——--
;
].«W52
Accounts receivable
Materials
1.4|6,M6
(after reserve of $25,000)
supplies-—'
.
and
loS
*—
Unamortized pofttod^f ^New ^^Wk'st^^anki;.
*
...
3,652,17^
rebuilding
dam
costs
'Unamortized debt discount
239,532
and.expense.^—153,478
deferred
'
debitsj
2b2,900
*
Commissions
and expenses, on.,
series E preferred stock—
Other
">*. ^900
issue
of
o 1°
1WB«
•°
-
-**•——-
*—.*-•---——
*
T
35,767
-
-
28,125.
'•'
Total
—V.
161, p. 2597.
.:
^
•.«" • •
'
....
*
^
$209,650
-
^
surplus
*
356 424
2'6^'*£
-
.
187 $87 962,298
equipment
—
$89,519,a»
Deposit in escrow in accordance with consoi. r
;'tax liability apportionment-agreements-* - 168,247 Funds required to retire preferred stock, incl.
premiums and accrued dividends——.
2 671 890
•Property,
$5,805,422
'
:•
—
ASSETS—
*
1 330 703
■'
•
■
;
$146,775
650,000
r
'
'
-
$4,212,783
s
^
transferred to earned surpluson preferred stocks-**——.-*—on common stock
——
parents.
»
■
$6,243,192
'
LIABILITIES—
Accounts
v"
income
Balance
r
: :
'44 227 046
charged to construction
—_
income deductions—-*,-*—*-*--• •:
*Reduction In
,
::.-w
#l
dlsct.v prem. & exp. (net)**—
*
P;
..-I.-.:.
,
Miscellaneous
<
•'
"
—.—***---_
long-term debt**
on
Amort, of debt
^"352,058
v C".•*
•
Income
Other ' interest.: _*—**———.*—*—-*---r-—■.
'
216,000:1-^ 216,000
*
$i'1« 022 *4,11*143
-35'022
—
1
Gross
v.-
-
Earned
preferred
preferred
share,-plus
of
olose
the
represented by
.
accrued
to
At
-
..
convertible
new-
per
t
vertible at any time into two
of-
$50
of
it was
the
of
holders
-
5,570
^
7,566
Accrued
payroll
98,601 •;! ; 49,391 ?.
Federal income and excess profits taxes (net)
199,435
437,242
Other
taxes
:
—.-.'..'.7 • 60,200
84,663
Deferred, assets
1--'16,149
18,727
Capital:I80'000 r.;wooo.;
Capital .surplus
—..lly -^*1^66,005
1.166,005
--■"The/New* Yoik €urb> Exchange has received notice that holders
common
stock of record March; 14 have been offered the
right
the
program
"yetain their stock.*",
;BALANCEj^HFE^,DE^;:?i'
Notes-
Railway & Light Securities Co.—Rights to Stockhlds.
outset of the program, holders of $14,952,000
to retain the stock at the 4% rate. To complete
necessary to call $2,952,000 paT value, but the
remaining ^12,000,000 par value were permitted to
at
value preferred
the
'
nical
4
preferred stock, series F.
because
refunding
-Accounts
.
postal
systems in
the
United.' States
has been appointed International Tech¬
and
per annum
which previously prevailed.
approved
of reclassification
method
;
outstanding
;c
ai s2J39103j1945 -i*
JLH4L4 .V barik?'4ritf^{6ni:handLiilL-L:ii4L_-i:lLaLt*:I"iiii$364^001 fs-P$429;203
ahdtwast^sreceivable
647.926-:.-^ 932,920
Inventorle$-<&uL,>nL_at^-slca«.ini^iL-j^-xiajsjL8,-222,840./ 2v204,623
U
s. postwar<fcr0dit bondsri.-UGa.^rJiU-wV-.ta'
r;,r5l,695 -t v82,909
Property aoeburtt-(net): 1,898,052
2^001,312
'Deferred
V3t58,679
lo 134,456
:'7
,
Technical Representative Named-—
and 5%
rate of 4%
at the
dividend
a
6%
rates of
the
par
to; finished aluminum production.-—-V. 163, p. 1202.
I
respect to
Cash
Net
.
was adopted instead of a conven¬
in. this way it was possible^ to permit many
vstockholders to retain their holdings at the 4%
rate 1
wished
to do
so.
As
it turned out, of the $16,000,000 parQ_*aJJJ®
The
tional
although
.
;
L.
The'
$465,767
?
340,280
$413,787
t
only $12,000,000 par value of 47c
activities
-1,000
9,600
$250,687
:
——
effect
carries
stock
of
'
the
principally
11 *
-
'
income
Net
)'
^Balance transferred to earne<f 4urplusj*uu.uiiJ. 7 K 299^772
V;S Qayt.'i'iwi'«$4'M,-367
Net
ordinary Income-—v
Extraordinary inceme—Credits —
Extraordinary income—charges
•
1945,
in this report.
■
$9,011,496i $10,332,398
Manufacturing cost ————iii—•
8,003,669
- 9,068,538
•V/ages paid
' 3,607,242
3,625,639
NetS Operating; 'profit__^i-c_^-L"i-_vi,__.:^L^--'___j
534,400 :
i 847,028
U'H.
$482,965
\ 8,598
: •
$240,000;
v-"
'
'
ordinary t income—$430,699
Deductions from, ordinary Income
8,537
Feb. 15.
the retirement
In view
motion
has been given to it in the balance SjRW)*
the reclassification plan at a meeting
held Nov. 8, 1945.
The reclassification and retirement program thus
authorized by the stockholders was approved by the P. S. Commission
H of the State of New York on Dec, 13, 1945, and authorized by the
Securities and Exchange Commission on Dec. 27, 1945.
As a result
; of the reclassification and retirement program there is now outstanding
$197,983;
Calendar Years-—
Dividends
Gross
for payobjected
tendwed
shares contemplated under the program.
the entire retirement program was set in
stockholders
The
Sales
.
v:;
reclassification of the. enure
at $105 per share plus accrued qivr"
additional 29.520 shares were thereupon
An
1946.
that
fact
instead
Riverside Metal Co., Burlington, N. J.^Earnings—;
1
$1,015,511
768,967(; ' * 542,374
the
paid
also
were
12,
total of 40,000
preferred
Reynolds
as
the lessee of the ultra
modern McCook plant by the WAC for five years with a purchase
option.-7 Acquisition of these rolling facilities further rounds out
Reynolds as a completely Integrated factor in the aluminum industry
$1,185,479
^
with
provisions of the preferred stock of the company * were changed
Dec.
28, 1345 60 that from and after-that date all outstanding
on
(after reserve for bad
reduction
Mr: Reynolds pointed out.
Metals has been confirmed
emergency;
r
1946
revenues
operating revenues
Other 'communication < income-.
-
surplus...
January-*:
of
operating
Total
^
earned
payable;
from
ules; and materially expediting the solution- of the national housing
*$86,523
65,506
Communications* Inc.—Earnings—
Month
-
Total
to
tCredit.—V. 163, p. 659.
•
RCA
transferred
.
,
$16,522
—
Deductions from net Income^..;—
Net
♦$88;2541,729 -
$13,412;
.
-
-
r
,
accounts receivable
stock
The
company
McCook, 111., government sheet-mill by »this.
company
will
speed
the. < conversion of
tremendous
quantities
of
aluminum battle scrap to meet immediate and useful building needs,
R. S. Reynolds, President-said.
"►
'*.*'■
,
*
Newly developed housing applications for the light metal -coupled
with its lower price and availability make this
action of the War ;
•Assets Corporation an important step in accelerating building sched¬
031,872
120,126
$15,491
.
'u'
Acquisition
,
Operating "deficit
Ordinary income—Non-communication
the net profits of the
which ha8iJ[®"
preferred
outstanding
820.
p.
i
and
Dec.. 28,
on
Reynolds M«tals Co.—^Acquires Sheet Mill-r-
1,400*-
program
a
to
connection
in
out
Jan.
to
/ contained
arise from the nondeductibility for tax purposes of
€71.—V.
80,633
value
par
stock
the
of
P
(date operations
<■
and
'\
7
.
$276,594
$474,109
$309,779
r
820.
p.
initiated
company
reduction
of
its
the
latter facjjltjcs
2,700,000 cubic-
These
load.
generating capacity of
the
by lot at $105 per share and accrued dividends to
This was the final step In the program and completed
*
accrued -expenses, $128,770; federal taxes on income, $323,566; current sinking fund require¬
ments for the retirement of ten year 5%
convertible debentures and
6c/o
cumulative preferred stock, -$13,996; long-term debt, $1,103,402;
convertible
preferred stock
($1 par), $432,655; 6% cumulative pre¬
ferred stock
($5 par), $746^635; common stock
($1 par),- $111,798;
class A oommon stock
($1 par), $88,609;
paid-in surplus, $28,397;
earned surplus,
$561,940; sinking funds for retirement of preferred
stocks and'preferred stocks held in treasury, iDr$12,879; total, $3,724,-
546317,267 594,197,522
anticipated
of
care
year
capital stock. On Dec. 28, 1945, funds were made available
of 1,705 shares of preferred stock, the owners of v/hich
to the reclassification.
Holders of an additional 3,775 shares
of the
"
summary
liabilities—iAccourits
Radlomarine Corp. of America—^Earnings—
;
.
'
1,800
15,221,510
50,000,000
1,800
—tl—»
;
30,220,000
30,220,000
cumulative;
5,000
58,000
115,000
certain future
depreciation provisions to- be made in the accounts . of. $316,000),
$1,016,088;
debenture
discount
and expense, -(after
amortization);
$102,635;
prepaid expenses and other assets, $58,544; patent appli¬
cation, $1; total, $3,724,871.
/
,
\
may
take
to
the
in
riends
$844,933;
plant and
equipment
(after depreciation of
after reserve for estimated future income taxes which
inventories,
$1,033,297
to a carryover of uncompleted
Most important of the major
in addition
$1,930,000.
ment
......
debts of $20,000), $578,867; refundable portion of retroactive
of federal taxes on income and of renegotiation adjustments,
2,364,068
8,226,451
138,000
ASSETS—Cash, $883,803;
1,342,163
of
1S45
the
carried
;r was
their
1942.
above
Electric Corp.—Annual Report—
$12,000,000 and of the annual dividena
-■charges thereon from $920,000 to $480,000.
The cost of retirement
of this $4,000,000 preferred stock,, exclusive of accrued dividends.£na
incidental expenses, was $4,200,000 or $105 per share. The
:418,780
v
from
$16,000,000
BALANCE SHEET DECEMBER 31, 1945
2,448,816
■v
1,941,264
;—-
cumulative preferred stock
$5 cumul.
;;
2,561,050
— -
"
•
911,018
? 19,746
the
'
*
*
increase in daily
an
-suited
have ?
been restated to give retroactive effect to reductions in Federal taxes
and
renegotiation adjustments
resulting from the acceleration, for
Federal tax purposes, of, amortization of
plant facilities covered by
;Necessity Certificates." '
'.**•>
826,874
;
1,140,000
$286,797
NOTE—In
41,405
>:
;
183,500
months' period from August 1, 1941
to June- 30,
^ 96,-873
$150865
124;943
called
taxes-
•Covers the 11
started)
103,758
$98,875
66,074
-——
PPl
$2,860,000,
ever
templated
include
700,374
1,672,109
:.
$631^765
,384827
^
j'.
*
income-*——
—!
are
C>, During
taxes
income
.$649,375'446,742
—
*
estim.
Net profit
-
608,279
53,000
101,076,149 106,619,160
depreciation——
for
Insurance "'reserve.
924,773
20,687
'
-
5,415,551
39,130
—
-
Unamortized premium, on debt**—
Customers'
-v.
.
$6321518
installation of the new high-pressure boiler started
in
1945, construction of cable lines to provide increased service; fpr
a
number of large industrial customers, and the construction - of ,400
miles of rural lines.
Improvement in gas plant facilities is also
projects
been
June
of
cost
a
/
income
future
-
544,625
12,043,496
3.874,775
accrued
taxes
-profits taxes accrued
Interest -accrued
1,587,065
"■
1945'
,.
793
r,
operating
construction
48,000
23,000
and surtax—
477,797
for
*
163, p. 231,
l
taxes
for Fed.
±s
1946
$650,168
p According to the annual report, the company's' construction prog^p
for 1946 provides for additions and improvements to Its property ai
made in the
the'basis of the tax rates that will be applicable
income __i.
Special prov.
12,043,058
accrued
taxes
on
124
799,557
on
Provision
20,130
;
1,841,430
■:
Miscellaneous current- liabilities—
'pi.
2,173,060
124
Customers' -deposits
Other
120
;
120
before Fed.
Profit
-
-
revenues
Rochester Gas &
.'P -pi-''
'•t'-v;
>
INCOME STATEMENT YEARS ENDED JUNE 30 ' ..
1945
1944
*
1943
/1942
$6,304,080
$8,221,339 $10,617,049
$3,183,872
>
sales
•
revenues
income
$2,282,839
Federal; income
entire
company's
Corp.—Earnings—
faxes
—V.
$80,830
statement
above
560
increase
an
-V
one
expenses
Net
amounts.—V. 163, p. 1436.
X's) '4,^_<•
—:
NOTE—Provision- for
end,
government-owned
and
operating
c Operating
:
1 to holders of
cents per share on the old
30 cents per share each quarter,
profit
Net
8,622,964
2,142,695
18,057
Four
revenues
Uncollectible
stock, payable May
common
income taxes, normal
tax
the
.
r
a
——
{Provision for Federal
Net
payable
Day.
Operatiang
reclassify
to
.
Notes
of
Month of January—
237,476
LIABILITIES—
debt
relinquished,
goods ' sold-.
'—liiii-i-'—
i
—i———01,755,372
general and administrative expenses.'—*,
———
',339,756
'
'
35,881
Of
{Cost
1945 earnings.
at the year
preceding year.
$9,116,387
close
reconversion
V-J
Ap¬
Split-Up
last,
<
declared
20
STATEMENT OF INCOME
v
Long-term
company's
was
plans were put into effect immediately
plants and one leased ptont
company-owned plant, built as a war
measure, was closed and is up for sale.
In the remaining 11 plants,
reconversion is. substantially completed.—V. 163,
p.,.1479.
Comprehensive
Republic Drill & Tool Co.—Earnings—
Net
546,417,267 594,197,522
Total'
approved
plus year-end dividends of varying
8,126,439
,
the
on
after
This is equivalent to 40
Selling,
•
effect
working capital
$2,895,515 since the
were
Other deductions.
,
-
■
of
stock into two $5 par shares.
An
shares of $100 par cumulative preferred
March
$5
new
20.
of total
for $63,119,574
common
60,000
on
128,256
i -v—?:
•
——-
19
,
products accounted
shipping
Net
»
of
,the> company filed a
iriitial1'issue: of -30,000 shares"of
296,170
,65,912
-
debits—.
Other- deferred
April
i-•*, j'
9,242,005
.
March
$10 par common, stock which received
26,480,147
7,347,499
176,518
8,195,35112,150
supplies ,(at cost)**'*——1—--r—.
Materials and
aircraft
steel
1896.
Illinois—Stock
statements covering an
convertible-preferred stock.
the
on
record
145,285
i
V/162, p.
of
approved.">Gn-March• 13,
directors
The
7,955
V
'v
9,217,459
156,565
246,061
65,651
reserves)
associated
from
Interest .and .dividends
reglstratidn
:
of
issue
also
was
cumulative
3,609,oof
3,414.277 ;
305,635;
35,480,599
Working funds *•——*———
Temporary cash Investments
*—
on
par
$10
stock
10,322,356
Special deposits.:
Co.
of
share
authorized
$
6,600,812
4,778,936
and fund accounts
Investment
pV 468;
163,
Mfg.
stockholders
The
each
470,419,754 526,661,800
intangibles
plant, including
Utility
resumption
on
and
material
no
proved—New Shares to Receive 20-Cent Dividend—
share
1944
* $
i■/•■
ASSETS
question
'.v.
-
and
Rochester Telephone
amount
of
excess
.
.
and
up
Reliance
•Special Charges
from
stockholder's
a
deficit.—V.
capital
Net income
'
.
needed equipment has been bought."
He also revealed that the directors were not considering any plan
for recapitalization of
the company to wipe out the long-standing
- V 19.187,512'
19,149,641 19,565,730 20,231,385
equivalent to reduction in Federal_ taxes resulting
paid over, principal ataount-of bOnds^. xeacquired, -$432,6d5,. and Joss on sales of land, $12,151 (reductions
^elated, to and applied against items charged to surplus). ■.-\,, -■■ . ■
§
to
est.-taxes
containers,
water heaters, boilers,
tanks,
furnaces and allied products for $28,190,280.
*
- •"
"£>7.
Renegotiation for 1944 has been completed and earnings for vthat
year found not excessive.
It is believed that renegotiation will bavo
;
built
been
r~"*
-
sales
dividends
on
the
preferred stock, Mr. - Reis replied,
"The directors feel they
shouldn't seriously consider a dividend payment until reserves have
2,824,501
• •
•Restatedt
:
1944r
$74,646,412 "
•1,245,899
674;824
/ $1.67
$91,309,854
* .1/498,414
800,000
$1.82
share
per
Ordnance
quarter net
answer
after all charges and
shares outstanding
profit
Common
'
.
1945
Years—
'
profit.
4,626,232
4,624,794
-
—
>
.
4,626,232
-
Net
Earned
profit has shown a rise due to a considerable
increase in production, Arthur M. Reis, President, stated at the an¬
nual meeting held on March 18.
-V •'
, V
'
However, he disclosed that rising costs of raw material and labor,
together with price ceilipgs, have caused, a decrease in the rate of
2,741,256:
"
dalendar
Net .sales
Executive Vice-President, has been elected Presi¬
Karl E. Prlckett, who has been made Chairman of
160. p. 123.
'vVn.V),':'-V-v •'
■' *
Rheem Manufacturing Co.—Earnings—
:
..
Corp. of New York—New President, Etc.
'
first
The
In
2,516,722
-
mtge.
20.—V,
March
on
:j
(Robert) Reis & Co.—Earnings Improve—Div. Outlook
28,613,804
26,776,983
:■■;/PP.plpJ'P-
expense——-
and
28,021,565 ;
rights
ex
V
'
•
•
be* quoted
Clarke,
G.
board.—V.
the
Will
;■
succeeding
dent,
28,449,971
163,833
discount
of debt
Amort,
27,735,576
285,989
,
27,196,223
(prior lien bonds)-—
.
26,365,446
411,537
489,789
;
.
—
long-term- <Jebt
on
First
26,706,434
oper. inc.- ;
Income—-.
other
Total
'
■
Reinsurance
■'
28,795,496
5,761,854
stock
common
945.
p.
Robert
132,155,131 124,299,693
51,872,409
43,634,858
8,469,792
7,482,495
10,239,406 -9,508,944
28,345,840
28,818,475
5,492,108
6,404,950
53,898,197
9\129,456
10,425,750
27,696,448
5,371,350
dept.)—
(gas dept.)-——
(electric
Taxes
-
163.
•T
•
133,832,950 134,376,199
-
the
that
Account—;
194f
1944
.$
.
oper.
,
expenses—"—
Operating
.
'■'/
1945
-Income
Co.
Service Electric & Gas
12 Mos. End. Dec. 31—
-
1S7S
THE COMMERCIAL & FINANCIAL CHRONICLE
Number, 4475..
Volume.; 1§1
.
.
...
i ;Total:
*
$99,806,549"$97,051,239
1576
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 25, 1946.
....
LIABILITIES—
Common
on
Long-term
16,000,000
etock.™___™__.!.:7!!v./58,412
•/'.•■ 80,000
retired,
accrued
Long-term
debt
Accounts
including
Taxes
due'within
deposits
101,640
on
declared
pfd.: stks,
cum.
—;
:
but
prein., less
Customers' advances
exp.,
for
credits™
;
14,795,293
162,886 '//•
148,021-
,
'l\
*
■■
' ,J'
j
'
"V,
■*.,
.
Total
•
-■
nil ■■■!<! mmmmi m
■
-
rights
for
dividends
May
of
for
way
to
as
at
the
capital
of
rate
in
♦payable
■4 from
and
$2
line.—V.
deficit from
Co.—Report of Trustees-
share
per
i
1945
when
Joint
facility rents (net <7r);
20,
8
1946,
to
June
from
days'
will
be
"
...
■
Net
27,389
1946.
to
time,
notice,
at
$52.50
'
.
.
'
income
deductions
Income available
for
from
1
fixed
ihcome
.J....1
charges......._*.
r
.
Net
deficit
[
■;///'!
The
Securities; and
April
3
he fixed
Part
r
-
Commission
will
possible
order.
holds
the proceeds
be
will be used to
4VaS'
mortgage
will
used
at
for
sidiary.-of Continental
the
redeem its
redemption
construction
:Gas .-At
/•
purposes.
of
and-
100,
Company
is
Rochester, N. Y.
^
,
stock
for
to
machinery and equipment,
Burr &
and to
of
and
be
Mail
All
is
Total
Number
of
Earnings
'
near
all
taxes,
1
"
;
:'
"•,
1945
!''■>
!
and
;•y '»•
*
sv^"Co''
-
post-war
adjustments,—V.
'Federal
"?
ivii
5,
}Stocl^-—
'
^
,
of
the
for
dividends
«i/i
shares
on
amounting to
of
April
12.
$3.18
1/3
6 %
,;■
preferred
'
1946,
i
1943
;
Int.
s
15,821,579
:
f ederal St., Boston Mass.,
Citizens
&
Southern
—
.,
11,241,057
3,420,514
a
misc.
and
:
.accrued-interest to April
of preferred
shares.—V.
share
per
.Payments will be made
Corp., transfer agent, 49
:
option of the holder thereof, at
Bank, Savannah, Ga.
}
of; the full redemption price, plus
.—i—————
from
12,
1946,
presentation
upon
:
and
>
,
for fixed
available
;
split the
common
sto!L'
oi
the
corporation
on
come,
chgs.
*
I,-• I-MI.
15,401,797
3,175,000
151,323
Shareholders
each
seven
shares of
will
$2.50
receive
10
__1
stockholders
corporation -with
ter on
March
^
Paraffine
took
15
^
March
on
'
*
'
'*
$1.75
the corporation
;
Schpmachcr Wall Board
of
;
^
voted
Companies,
' Z V I
•
r,
%
'
i'"'
;
■
"
January—
1946-
Sffsf fr°m f,ailway-— $10,134,859
Het from
railway—
—V.ri63Pep 946me~~;
,"
Seeman Brothers,
Quarters End. Dec. 31—
♦Net
profit
-ommon
;
Earns,
v.-
per
com.
*'f>' -U'
'' ""b*
'•
°
'
1
1943
-
'
funds
.
'
'
1944
share.
$0.29
!After charges and Federal
''>
$78,266
>
'
H' 104.200 !' i;
.
!
p.
•
•
advanced/to
3,902,617
V'
Signode Steel Strapping Co.—Director Returns—
!
/
,t
'({
h
^
yn'*
'
>i>
:
•
$9.48
^
,
f
?ii
i
'
$11.09
$17.82
$22.64
tExcluding SOutherri paciTIc RR.' Co, of Mexlco.
OF SOUTHER# PACIFIC
DEC.
^—■/..
.' ury
"1945
1944
$
™_.!_
210,825
Other
V? 27,202
-•••.,
deprec.
-
• -
$
yf:-y ^»'fl
•
lrivest. in securities Crl39,349,949 * 137;384,374
and amortization Cr271,073,577
217,484,873
,
deductions
"
investments
525,521"
Treas-
and
365,320
;
>?':
430,168,298 420,999,643
/
^
55,266,250
:
.
s
total
-l™^
32,709,453
!
i
>
33.463.629
14,722,757
23.946,016
-
19,596;528
debits,.*.-—
-
112^000,000
i/89,183,795 /
32.712.523
V
assets-^—!!!___!..__
>•:
16,341,403
17,660,501
l,685,942,471 1,793,5^.18* /
(3,772,760 shares^
383,581,151
383,581,151
T ' 1,400'; :'
.
1,400
'
'
*
■
*
*{
Held/by the public..470.807,583
510,283,384
Held by solely controlled aff 11/ companies.
1,020,000'l; 1.020,000
_!
Stock of transportation system
companies'.. !
Funded.debt Unmatured:
1
:
-
" 67!531,546
supplies
Southern/ Pacific Co. stock
/ "no
par)
W.X W
;
7S,snn,nn0
!refcelvable/-^!!„!.!i!i!™!!v!J!/!'- !
current
.
,
f
LIABILITIES—
.
1,116,959
354,869,247
49,705,159 '
/ Grand
;
■
;
410,423,526
1,393.464,506 1,445.749,590
(U. S.
/
notes, and certificates)
1,047,529
'2,282,338
>!;-«.
"
212,233
■
1,803,888,032 1,800,618,837
Deferred, assets arid unadjusted
;
2,712,616
.
——
:
260,808,572
25^770,302
.
/ 25,545,290 :
:
'Ir'•***?."
accru.
Material
I—*.!—18,748,444* 17,19?,93$
expense_^«,_,
:ti)
4.^1-
•'
257,944,894
Accrued, accounts Wceiyable'™!™™!.!.'!
178,603
•
■
31
companies—securities arid invest- /
for
-Accounts
.
,
65p,854
22.571;
.
/
TRANSPORTATION
,/.
Temporary cash investments
7,200,006
.
•
; f. <
175",000,000 175i,Q<io,
,
.
-
obligations
f;v 45,581,431
payable to?/aff 11/companles^opeh-'-i "!,: ?***&
Equipment
————_—
Depreciation and amortization -reserves-^-Jix;.:Ll l',248,508
Unappropriated surplus
'
,
!/ !!
^
:
~
—
Interest
FOR
;!
:
payable
Jan. / l-______„__!
/• Excess
liabilities
liabilities and
' of
:
Operating taxes
*«,,
—;
/"l,674,228
——
>
/ /
7.135,575
2,352,875
17.209,280 *
84,831,335 !
' 5,976,606
,
20,549.522
unadjusted
lnter-company
12,408,587
debits:!-.":-? 59,503,207
45,632,124
liabilities
-
over
Grand
2,634,651
*>>•/?!v/l^'■ 4
assets eliminated
/ 57.533.526 '/ 67.083,933
Appropriatedv surplus '
/;!/; 5,053,870/ /
5.477,270 ?
Profit'/and loss—Surplus......j_t__ir!!,Ji/V498,261,131/. 477;102,081
!
total•
1,685,942,471 1,793,511,184 I
"7,573,071
Returned to the Signode
director'
•
$1,931,752
'♦"*■*■•+1•/?
andwages^payable!^_!-i/!!!!!/;/tf67.667,40l
matured; unpaid.!—-^*/r™i'_!!!_'' '
4
■
Corp., John H. Leslie II has
company, of.,which latter company, he - is a
While with Stewart-Warner Mr.
Leslie
was
Chief
Engitieer of
the South Wind
Division, where he supervised the designing
<>1
heating and anti-icing equipment for
military aircraft.—V. 162i
17,037,803
Other-current*
Deferred
MONTH OF JANUARY.
^
2.998,032
''- " 4,719,920 // 5,080,327
/Accrued ;taX :/liability.-w*.**!!!^*!.!!!!i!!!/:!!':34.790,956;/ 114.465,995
Accrued accounts payable__'.__*^.!!__!!!i:~'?;';- 10.339,121
•
8,427,925
—
/'Month of January— —;_.Xrvv
!/Al946-|-- >:-•!;/ 1945
Operating revenues
:l!L$12,359,285 $11,574,550
Uncbllectible' operating revenue—.--!:
!i'*> i^V2i.028
«
21,573
:!
_!
Operating -' revenues.——$12,338,257
$11,552,977
Operating expenses
awii
—'.J19,247,984
After^flve years with Stev/art-Warner
,
■
Unmatured/interest accrued_Ui_i_*i*!^!_'—
-430,166^298 420,999,640 '
EARNINGS
accounts
Interest
99,775,295
♦ 5,794,240
—Lwy; .5,014.582
4
.
■<
.
ft./ .■ —:—r*■ ——
35,772,744 41,847,065: 67,133,187 85,441,394
: Cash
2,753,816
;
1,198,248
< 205,084
'
Funded-debt
$i.06
"
3118.
,*
r~'—•
3O2,788!^v4,067,332!:
employees—-
4 Capital! stock
•
104 800
■
80,282,858
1944
$111119
$0.80
58,359,821
—
1945
;
Total
>
104.200
$0.76
taxes.—V. 162,
w.
'VjDEDUCT
3$24;544
$83,834
36,719,660
,
1943
-
-
-
:
Res. fof >djustments bf
/
Amounts
-
■'
32,841
Total f investments
-Accounts
.
34.453
Other Investments
'"
;i—105^000,000 105^)00,000
Advance billing for service and" Customers deps. •!" 3,317,322
2,885,381
5177646 '* Ac'cts. payable and other cur. liabilities———_
?14,500,089 </10.362,868
2 Accrued liabilities no.t due ——'ilLi.——-2-Kl5,198,680> 22,030,377
.Deferred credits
;:y-f 889,117
151,473
,
-
advances
ment
.
,
LtABJLTnES--.
;u' V.'
i945 "
———.312,600
.
.
33,105,440
^
"
Affiliated
Res."
.
Inc.—Earnings—
12.715
Sirikirig/fnnds':;j.!!2TJ!.v
$11478 994
1,787,741 ;v 1,897,310
155,258
;
property
1,518,430,573 1,512,519,148
Donations
and
grants.
"Cr20,047:394' Cr21,138,363
/Miscellaneous physical property..21,803,842
22,446,948
Net
'/
.
1944
,
'
Transportation
396,543,302 380,956,893
■
^ther deferred charges J-!!
: ■/.
Total —-1——-
*
'4,454,863 "4,843,756
1,734,411
'f
rV
'
..
DECEMEBER 31
plant
.Unamortized.debt-discount and
^
.
.
1945
—_$90,107
shares
1
.
cos.:
1
j-i
ASSETS—
11,375,000
■>
.
—
lat¬
the
"
$11,993,728 $12,149,259
3,071,096
'
319,
35,921....
!204,563 !«. ,129,834
SYSTEM,
^12,514,22| )
/ Material & supplies
u—/;
*
3,475,944
Prepayments ——i—.»_!—!
'/ 1,097,191
Postwar refund of excess profit's taxes!—'
this
of
Stockholders
Seaboard Air Line
Ry.—Earnings—.
■
mer^e-
Unanimously. to
Inc.
.
:
v.-*-/-!•;
♦.:
/ Accounts receivable.
Ratified
1.532,245
998
'
/
-
—
1,621
BALANCE ShfiET
•
Total
investments
Working
-
•.
,
Corp.—Consolid^tipn
20
i"
■: i
137,941
88,006
88,030
-
Temporary cash investments—
Bpecial deposits ————J—
was retired on
-
U.
companies.
3,175.000
Miscellaneous physical property146,588 v,.!: 446,245
Other
V
.
•
charges
,
55,93S
27,030,730, 28,468,510
Transportation System shown above.
tOf Southern Pacific Transporta¬
tion System arid all
separately operated solely controlled affiliated
accounting: requirements- of the Federal Com*
COMPARATtVE BALANCE SHEET
Telephone
•
for
;
....
similar. action.—V, i63, p.*
<--J
value
par
previously held.
■
!
24,494,777
-
—
■
charges-!w
15,915,174
;
L ,11:524,615! 12,028^17
11,375,000
ll,375,000
Commission. ^'
.-Notes ,'jecelvable
£>^31^^ ^fei^gstoc^
.
shares
par value stock
♦»
' 85,930
24,263,750
debt—
,
85,510,934 108^96,398
i
.
—
-
Je6U^t,' the number of sharfg of common stock outstanding
nnnhi6 ln?;rease/1 ^ro'n 2,520,000 shares to 3,600,000 shares and the
ouU^thonzed common shares increased from 5,000,000 tp
;.5W),000.
,
65$,012
^
separately operated solely controlled affiliated companies owned
by Southern Pacific Co. not Included in the income of Southern Pacific
—I..y>
.110,249
61,064
ASSETS^.
vfi
61,392,807
•
tCoris. net Incomei-,
Earnings per;share on
capital stock
;
*Dr751,880
15,055,127
'
in accordance with
.
%
basis
a
806,111
_
Cr255,45f
*1^744,423
in''
■
I
?debt-!i.*_L^-!!*'- ".;.3,318,l25/;:
.funded
$1,168,025, respectively.
,,,
Schenley Distillers Corp.—Con\mon Stock
Split-Up—;
/i^The, stockholders, at a special meeting held on March .15 -approved '
the proposal to
•of 10 shares for
in
^
A
^k
t The provisions for .excess profits taxes for 1944 and 1943 are after
deduction of the total excess profits tax credits.of $1,114,-312-' and
surrender
.:
86,31ti044:109,651,400 !
.-•
S.,-net.— Cr2.730.748 Cr4.968.lll Cr8.243.232 Cr4.892,098
Oper. in Mexico, net™
tCr60,556 tCrl59,295
4Cr530,135 JCr266,440
♦Cons, adjustment
-Br124,000
! \
16.411,599:
v
°Cr275,392
361,815
•
tv
on
•
income—._—*l>r4,867,301
^
Income
15^870,827
19,560^13
—
r
deductions
ft'
municatlohs
•,
made
163, p. 1480.
/,
667,146v
'
59,107,620
roads
Net income of South.
-Pacific Lines
Separately oper.. solely
♦Includes provision for employees' service pensions 'amounting to
$3,025,701 in 1945, $2,620,537 in 1944 and $1,883,038 in 1943.- Total!:
provision amounted to $3,638,578 in 1945, $3,184,257 for 1944, $2,495,369 for 1943,. of which amounts $609,877 in 1945, $563,721 for 1944 and
$612,331 for 1943 were charged to miscellaneous deductions from in-
V
and
.
be
fixed
Cdntlngent
'9,503,120
6,299,897
19,986,248 110,485,160
10,726,208 ao,104,150
4,197,751
11,740,173
exces&.'prbfits tatfes_l_l_'_! v'
Net income
at the
or,
National
Immediate payment will
funded
on
Other
4,535,08^
15,246,449 > 14,482,475
28,504,987 5 24,178,093
9,522,465
8,878,530
3,120,298
2,946,720
•
35,115,385
t—_——,
^
Dividends paid
-
share.
per
®tone & Webster Service
i
$120
:
♦
-
charges
leased
62,059,953
equipment
non-negotiable debt
/Trit oh unfunded debt-
$7,289,903
50,381,763
?
for
Int.- Oft funded debt-—
»
-
Other interest
"
at
fixed
and
„
available
/Rent for
1
.
$
/income
'
been
■
!
Amortlz. of debt disc, & exp.—net—,
,
!
i
52,449,389
77.242,817-102,501,810
"8;769,364; !;9,610,564 v 9,074,227
7,140,600
671,280
249,048 K y/ 264,819 i^ /314,756 K
operating Income—-
Interest
;
162'.
stock, have
/
i
51,009.536
59,778,900
-
*
oper.
Income
Income
—
1944
"
ry.
*"v ^
-V;,
outstanding
redemption
m
.■
^-!_-!
,
*
All
oalled
The
Net
Misc.
:
Prefei-red
a
•Of
I
Savanhah Electric & Powet* Co.^-Calls
6%
19,874,965
-
,
Total
expenses?.—13,130,760 ♦11,126,258
Federal income taxes__l
!
6,324,314
6,314,700
|
$1.52
.
'-'v'
13,714,488
28,180,128
142,940,307) 131,528,959 122,206,751!
Operating rents '!—
.
$0.68
72,235,106
17,376,578
27,851,438
.Total misc/. deductions-
*
$
-
expense
General
$1,018,182
670,860' r
670,860
.
of
incomeTotal other,, income-—.i
''-t-
* '*
'
*
? '
•
f
Other taxes
1943
:
124,246,592
19,550,132
29,351,922
590,262,532 628,223,511 597,367,410.472,748,816
89,748,541
84,897,691 ,76,377,367
39,870.845
equipment— 126,414,306 105,710,068
90.684,992
67,983,958
—i,
/ 0,962,952 to
9.270,208 / 8,233,258 1 6,818,923//
-Oper.
$457,336
;
$0.52
•
contingencies
v".
1.c
I944
8350,718
,
134,419,264
20,684,343
revenues
Maint.
•
f
...
Other income
1945
:
——
670,860
share..,
3118.
1
;
■
shares.^.
per
♦Alter
P,
•
—1^.
.
x
ry.
oper. revs.
of way & struct.
"Traffic
alphabetical
alphabetical
exact
"
1
-
*
Commercial expense
Savagre Arms Corp.—Earnings—
profit
1942
133,789,744
express.—___
oper.
Maint.
operating revenues-^—^—142;691,259 131,264,140 121,891,99$
1—
22,836,251. 20,845,698 I 18,602,251
Traffic
made
"£
" 1943
1944
s
■
always
not
revenues-;
T
-
-
Years Ended Dec. 31—
1945
:
'
♦Net
and
other
':\tvcontrolled affft.
21&,
p.
'
Depreciation expense
increase working capital,,1
Co., Inc., heads the underwriting group.—V. 159,
it
j
JL-II—
Total
preferred
to
-
Current maintenance
.
the
in
always'as
art
Uncollectible oper. revenue?—I.
on March 15 filed a registration statement
with the SEC
125,000 shares of cumulative convertible preferred stock
(par $8):
and 166,666 shares of common
stock (par $1).. The dividend rate on
the preferred will be filed
by amendment.- The 166,666 shares of Cominon
which constitute
51.4%
of the
outstanding common stock are
being sold by Clark-Babbitt
industries, Inc.- .
t
>.
:
» !
s
.
service
Total
Company
will use the proceeds from the sale
reimburse It for capital expenditures
made
i:
;
72,797,469 ^70.091,666
Toll service revenues-^
' $4,553,00756,615,692
Mlscellaheous revenues —L_—!_*_ ? > 5,589,831 . 4,821,602
'•
company
'
and
Co.
Operatingv Income—
^
$' ■ '
$••
"
■
Freightt—— 406,436,523 446,402,683 427,564.121.366.924,259
.
reasons
companies
arrange
i
tfor
The
Z
Net
^
Local-
the
Registers
—
Pacific
to
mechanical
,
Etectric'Co.~V/-i63/p. 231/..i.J;
■=:/;'/
Samson united Corp.,
With SEC—
time.,
"
/
Company
any
\
(Southern
System
]Cos., bonsolidated4
and separately operated
solely controlled affil. companies (excl. South. Pac. RR. of Mexico).';
time
notr less
PRESENT
HSoutherii Belt Telephone:8s Telegraph Co.
'sub¬
a
to
Statement—
^',!,Caleridar Yeari--^" '
^
outstanding $3,635,-
price
used
However, they
as possible*
'
'
oa
-
-J
v
A
'
System
.
hearing
a:
?
by the successful bidder.
of
proceeds-Will- be
position
Bond Issue
on
325.68
'
1
'
.
I
company's petition to sell at competitive bidding
mortgage bonds.
The interest rate and the
price- will
first
first
balance
Exchange
Co.—Hearing
the
on
£3,750,000
net
■
.
St, Joseph Light & Power
any
33,424
7 •'
1.657 dents
330.24
//
fdf 1944.
Transportation!
193,602,974 190,806,185 166,806,676 136,997,561
supply in part the funds required
;■ All other Oper: exps.-—
31,416,826
30,247,536
27,107,268
20,951,386
for the redemption of.the company's
presently outstanding 6% cumu^(r4M
- • •
-n- mmi /; V.mi
: i/'
U-*i' -"
•
jative : redeemable ^preference- shares Twhlch lhave ' be^:
galled' for?; V Net rev. fr. ry. oper/139.116,933
207,291,828-228,157,859 200,126,142
redemption oa May 8, 1946.—V. 163, p. 1481,
«*, '
<
;
'
Railway tax accruals—
63,507,538 130,981,263 126,719,350
76,844,995
£q.
it. fac. reqts, net
24,599,859
23,861,176
24,195,692
20,779,337
The
7 /
^ f<
,
'■'
000
'
8,110,693,048
326.69
v-? - 306.16 /
1.683 cents
-
FOR/ CALENDAR YEARS
Pacific .Transportation
Transportation
Authorized
r
.
V
$84,218 " $164,583
outstanding bonds, but unpaid.—V. 163!
on
'
/ Southern
ACCOUNT
■Passenger/,
'
,
24,077,839
-
7,951,524,863
pa^senger-mlle-—
.per.
INCOME
be
.
,
26,217,497
♦
Avgd, dis.t/rcarried—Rev! pass, '(miles)»
,
A07"£—For
_!._.—r
—:
"Includes interest accrued
p. 1290.
at
revenue
.
^/•; 37.57 /•,
v'■1,044.74
1.107 Cents
': / 423.94
25,021,658
? 24,903,639
.
426.69
•
.
carried—Revenue
■'
from
will
on
«
?!
! $131,159
33,434
Passenger
the-period
-
at
dividends.
EFFECT? TO
:./ -37,99
.1,040.10
-1.077 cents m,
,
Passenger-miles—rRevenueJv"!!
——!!!_
Pass.'per pass.'trairi—Revenue'passengers
Outstanding '
\
mortgage-bondsr_~_^___u._
$12,000,000
,
'
3% serial bond^ due 1947-1955
$3,600,000
Cum, (redeemable pfd. shs., ($50 par)^>. ; 10,000,000
8,000,000.
Common - shares /.(no
-i400.000 shs.
,332,836 shs.
•.
6,230
•'
$50,784
-
for
whole
plus
12,594.9?//
38,925,572
41,324,659 ?
88,457,562
95,077,069
freight-!--—-— 37,743,804,852 40,306,573,040 ;
A
;//;
885-
fTotal fixed charges^—•
Passengers
First,
1 800 '
'-.v 5,549
.
Passenger. traim-miles
dividend
first
company,
cancellation
GIVING
,.
3,859
f, —:
—
$55,448
$137,382
j.—i
„——_—
in
of
share
per
'
'■
/
29,065
■
option,
FINANCING:
•
share
Redeemable
at
1944
,
v '
freightt_i_
tori-miles—Revenue
-
Freight 'rev. per' net ton-mile—Rev. frght. Avge. dist. carried—Rev. frght. (miles).t:
:
,
-i.pf,^p$tfi -•*
Miscellaneous
.
/
2,571
railway operating deficit!.™™...™.
Other
'
'3,704
- ■
directors
The
>
/;i l2j569.61
.
preferential
accumulate
20.
1945.
.
of road, operated .during year
.t ^tComparison based on corrected figure
the
by
Jan.
Years—
Loaded.jcars per" frfelght train_/-!i_r^!!-;
/ Net tons per freight train—All freight-.
have
share.
will
29 NcentsN.per
30,
time
!
$i06,258
$26,926-
'*—.
Net
5
Cumulative
annum
on
per
^
SYSTEM1
STATISTICS—TRANSPORTATION
carried—Revenue
Tons
v
'
($50)
declared
instalments
CAPITALIZATION, AFTER
$320,637
•/> 435,895 /
«
Bailway tax accruals—***.*
**_*.*v*
*-_*—>'
Equipment rents (net Br)...™*™*™.,—*
per
purchase,the preferred shares for
may
.
1946
-July
part
30
—$414,990 5
railway-operations*-*-™...
as
2597.
p.
dividends.
.
Net
161,
well
as
K
Freighttraih-miles,-
of
.
and
and
as
quarterly
May
in
than
441,916
i v
.'
facilities
for; distribution
i
1946,
8,
payable
i/ur
January—
Hailway. operating -revenues..,
Hallway operating expenses
barrels
-»»»
^Calendar
Avgec -miles
I
,—$99,806,549 $37,051,239
Rutland Railroad
TRAFFIC
170, miles of. pipe, gll of which
delivery is expected to commence in
and
-
Preferred
.
1480..
Month of
for
;
,,
Southern Pacific, Co.—;Annual Report—
products pipe line
deemable preferred shares at par
-
8,998,808
»
requesting bids
Smith Paper Mills, Ltd.-rPreferred Stocl^
Offered—The Wood, Gundy
Corp., Ltd., Montreal is of¬
fering in the Canadian market $8,000,000 cumulative re¬
1,130,696
I'i
is
been'purchased
.
%
„
;
it
(Howard)
856,424
1,096,759
9,267,627
___
surplus
p.
contracted
-
'
/
16,525,691
860,638
that
Terminal sites, which will provide
Detroit and Columbus, have
both
complete
23,845
equip.—
and damages!
incdme taxes for prior years___—l.j.
Contributions
in
aid
of
construction
(non-
163,
been
April.
cih
V.
Injuries
—V.
has
■
56,395 -dl::- 76,667 '5
long-term debt-i'-'"-.* 743,252
-774,74a '
construction™.!..!... %■; 431,831 / C 504,623 ji
Federal
Kerned
six-inch
a
,
on
Keserves—Deprec. of prop., plant and
refundable)
of
announced
give the new line a-capacity of about 15,000
gasoline daily in each direction.
;
-«•, *
»u, u , .
~j,
The line .will require approximately
449,8834
not
construction
20
——
Unamort.
deferred
accrued
March
on
,
897,999
acci>ued_u.J^d______L.„_________,__—445,838
Dividends
.
:'//<
994,749
company
-Toledo-will
683,299 "■
__/;■■■■■! 156,765 *m 143,111'
——
w
r'
from Toledo to Co.'luihbus" and- from Toledo' to Detroit. " This will extend the company's
products line now operating from its East Chicago " refinery' "to
To-„
/ ledo,
and with the installation of a two-way pumping station at
132,466
t-
™___!_.:-l 1,463,787
J.!.™.
accrued—
Other
'
the
<
1,000
companies
—
The
v.;'
36,995,000°.
V- 2
///TL.
i
year..™™!.///
one
payable—Associated
Interest
"
>%
"
.
4,053,226
Others
Customers'
"
premiums
dividends
Refining Co.—To Build New Pipe Line—Si):
k-
$14,383,208
debt:—'.3"6;980l'0OO
to
be
stock
Sinclair
v
12,000,000
preferred
•
-w.r—,,
;7//:!
$14,333,203
stock
Premium
and
1
stock.-.*
;Preferred
Pfd.
/„
.
/
;
To Establish Coast-to-Coast Pullman SeTvice—'' !
\ *
.
Net
Net
,
\
_
■
r
"
'
'•*>',
^
;
-
1
'
'•
''
•'
.
—V.
.
v
i
'• ..".l
'v
annually April,1, 1947 to 1956 inclusive and $600^000
4% bonds to mature April
1,1966.—V. 161, p. 1888.
-
.
income
2
I
—:
163,
p.
1034.
$1,416,045
":"///
.
-
Southern Canada Power Co.,
,
;
,
•
Period End. Feb. 28— >
Gross
*
•
earnings
Int..
/
„
Operating & mainten.—
Taxps
i(-
«.—-__u-
deprec:
&
divs.—
Ltd.—Earnings—
122,381
121,273
$7»397
j
$4,852
611,446'
--
'-7,-
•
■
*'
,
'
1946—Month—1945 )"} 1946—5 Mos.—1945
'
$311,197
$307,780' $1,549,512
$1,503,989 ?
106,446
90,536 -' 542,482'
474 307
74,973
91,119
-360,412
41i;603''
..
Surplus.
602,358
.ln; '
^-v..-163, p.
1034.
:
V
• -
$35,172
,
-
June
2
will
establish
coast-to-coast through
Pull¬
Pullmans, will
be
connection
operated
with
on
Rock
Golden State
Island,
and
/ connection * with Union Pacif ic and Chicago
trains
of
Eastern-lines,
"-The ' schedules
without, extra
of
fare,
between
0\-erland
Chicago
and
Limited ..from.Los
ari(l with
and New York,? V
Golden
State. Limiteds,"
1 U,
service on ,a basis. cpavepient. to. the public.—V>-163,
•
'
T '!
\
■.
operatipj?,
will' be cut to
approximately- 48 houjr^>on Junei2,-,,
"/which- wilh make it possible-to 'provide • throughtC0a5t.vt.pr,Coast Pullman
-
\
.
"
from' San .-'Francisco *ln
North Western,
p,
1482-jvv-:- ■/>!••
$15,721!
'
--.-^V" >
The
Angeles-^in
.
.
on
man
.
n
company
sleeping car service through Chicago, Claude E. Peterson, Yicepresiderit System- Passenger Traffic, ahnounceds'March;
19.{-:/\/s^/.'/
1,018,377
.
,
/.The
$1,345,25$
-
V 1,132,809
i
Silverwood Western Dairies Ltd.—Bonds
Sold—R. A,
Oaly Co., Ltd. and associates ahnounce the sale in the
Canadian market of
$1,200,000 -1st mortgage bonds at
i00 and interest.
Bonds are to be dated
April 1, 1046,
maturing as follows: $600,000 3% bonds to mature
$60,-
U00
operating
income
—
'
"
r
j
/
// / (Continued
on
page-1614)/://
' / '
■/
'.
1577
Stock and Bond Sales
DAILY
sales are dtsrsgardsd In the day's range,
NOTIOl—Caen and deferred delivery
WEEKLY
■
unless tbsy us
ins only
YEARLY
.
transactions of the day. No account Is taken of snob
furnish
we
daily record of the transactions in Treasury
a
point.
represent one or more 32d of a
bonds on the New York Stock Exchange during the current week.
.: ;
'/V-:;V ^v. .'v."
Mar. 20
Mar, 19
Mar. 18
Mar. 21
Daily Beeord' of C. 8. Bond Prices "
Mar. 22
f reasnry
(High
Low
Treasury
2MiS,
\
AYaB, 1947-52
1967-72
Dec.,
:
■
(High
*'
.
units
—
j
Low
[Close
Total sales to $1,000 units
(High
aV«s, 1954-56
;
»
[Close "
■
[High
tVeS, 1952-55
LOW
—j Low
Si, 1951-55
/'vV<
1 Total sales to $1,000
|
Low
[Closo
,
Total sales to
i
$1,000 units.
115.11
Low
rv
Total sales to $1,000 unlts.
(High
f High '
-!
2%», 1948-51
^
•
Vis, Dec.,
%
[ClOSi
1959-1962
1947—
Low
IClose
Total sales In $1,000 units.
I High
-j Low
IClose
28, March 1948-50
Low
IHlgh
Close
Total sales In $1,000 units
'vV
j Higti
Low
[Close
-
[High
] Low
2%S, 1960-65
1
Bs. Dec. 1948-50
[close
r
.
.
Total sales In $1,000 units
\
Total sales In $1,000 units
-
rilgu
( Low
j
(High
2 Mi s,'
2s. June, 1949-1951
[ Low
1948
[Close
iciose
Total sales to $1,000 units
Total sales In $1,000 units
■'•
•
•
.; :
V:
(High
r High
••
2s, Sept., 1949-1951
•
■
Total sales In $1,000 units
(Close
■,
'
fHlgh
2s, Dec.,
[High
V
•
r/j.,.,-
Total sales In
|Cl0S6
■
1949-1951
[ Low
[Close
\
.—\ Low
2MiS, 1950-52
—
/
Total sales In $1,000 units
r ^-y-
( Low
[Close
[ Low
2Mas, 1949-53
'v.;v.7;.:'y
$1,000 units
•
•
Total sales In $1,000 units
2s, March,
[High
1950-1952
Low
Total sales in $1,000 units
(Close
Vva&w
'
•■^;
Total sales In $1,000 units
2s,
Sept.,
[Hlgb
1950-1952
{ Low
[High
2 ^s, 1956-58
'
[Close
Total sales In $1,000 units
Low
[Close
i
.
:
.
fHigh
Low
IClosfl
(High
2%a, 1962-67—-—i Low,
%$.■
•"
v-
.
[High
'
•
'
'
«'
•
units
[High
•{
2Mi s, June, 1964-1969
KJSj&fos
Total sales In $1,000 units
Low
[Close
■vH'" V-
i—
f High
LOW
Total sales in $1,000 units
•
——
/High
1953-55—
<
Vo
•
1%8
LOW
A
V,;t
/High
.
Total sales in $1,000 units———
■;
(High
V
1%S» 1950—
■■
♦Odd
lot
sales.
——[ Low
—
,
•
'
*
—
[Close
-
Total sales In $1,000
•' (High
>
Low
(close
Total sales In $1,000 units
•;>*,•
—.
[High
■
,
( Low
'•
?.
(Close
^
-
>
—
■f Low
1948——. i.;
.
—
2M»s, 1966-71
,
•
>
,
Total sales In $1,000 units—'
[Close
2MiS, June 1967-72
5
—
Ba
\
V
'
V/. •■' •'••*^ ■ V; VVV^V,^
1965-70
•
104.21
104.21
(Close
[close
V;-
104.21
.
Total sales In $1,000 units
Total sales in $1,000 units
2 Ml8
S *'
2s, Deo., 1952-54—Low
[High
•
,
■
Total sales In $1,000 units
_-{ Low
2^8, Dee., 1964-1969—
-
'
—
—-.—j Low
[Close
(Close
V
^
/
,
f BlsH^
2s, June, 1952-54———'! Low
(Close
y
Total sales In $1,000
;
'
Total sales in $1,000 units———
( Low
2Mi8, 1963-1968
1951-55—
IS.
Total sales In $1,000 units
1
Total sales In tl,000 units
;
(Close
?
;
2s, 1951-1953
1951-1953———.————
——■{
Total sales In $1,000 units————
V
v
[High
[Close
2%S, 1952-54—Low
\
1
Low
(High
.2s,
"
Total sales In $1,000 units
Total sales In $1,000 units
103.6
.
[Close
[Hlgn<
[ Low
'
...
103.6
Total sales in $1,000 units
Total sales Id $1,000 units..
«%s, 1956-59
103.6
...
'
2
Low
(Close
HV
t-.
(High
1
2%$, 1951-54
V:,.,':
...
103.6
1
ffHigh i:
:
103.4
[Close
%-s Total sales to $1,000 units
103.6
{ Low
2Vis, June, 1959-62
Low
(Close
;V'r.v,vv *••■■.■■
Total sales In $1,000 units
Low
.
(Close
7
—
'r
2Vis 1956-59
115.11
(High"
Total sales to »i,ooo units
v
f High
|
115.11
Close
:
104.29
[Close
[close
.
104.29
•{ Low
•
•
Total sales In $1,000 units
;
104.29
Total sales to $1,000 units
fHlgh
1
Mar. 22
I High
Total sales In tl.OOC units
Is, 1946-48
Mar. 21
—
:fff 2M|S, 1951-53
————{ Low
"
Mar. 20
Total sales in $1,000 units
[High
(close
Vvv
p
Mar. 19
[High
[ Low
1967-1972
•
1949-52
Mar. 18
[Close
2VaS
Total sales In $1,000 units
vf
Mar. 16
[Close
[High
{ LOW
(Close
3y»s, 1946-49
Figures aUer decimal
.[ Low
Total sales to $1,000 units
units
Total tales In $1,000
;
for the year
(High
Sept.,
iClose
<i-,
range
■-..v--
.
Mar. 16
Daily Record of U. 8. Bond Prices
3M8s,
sales to computing the
United States Government Securities on the New York Stock Exchange
L
; Below
New York Stock Exchange
«»
units—.—.
—
-
;
f.
^Registered bond transaction,
1
[Close
$1,000 units
Total sales In
NEW YORK STOCK RECORD
LOW
AND
HIGH SALE PRICES
Saturday
Monday
Tuesday
Mar. 18
Mar. 19
Mar. 20
$ per share
$ per share
$ per share
$ per
share
,%;
103 Ma'
Mar. 21
noi'/a
105
*101 Ma
104%
113Mi
*112%
113 Ma
*112%
113%
*112% 113%
*120
125
*120
125
*120 Ma
125
*120
15 Mi
♦33ya
20Ma
20 Va
20%
15%
25%
20%
34
35 Ma
35 Ma
36
16Ma
17
x35Vi
16 MA
36 Ma
16%
51 Ma
16%
16
53 Va
54
52 Ma
54 MA
52 MA
*133 Ma
135
135
*131
Ma
*130
135
*112%
113 Ma
*112%
113
15%
.
36
20 Ma
125
16
36
20%
126
~60
126
15 Ma
15%.
36 M4
20%
37
20%
*52
3,800
2,200
8,400
;
56
37
2,100
16 Ma
16
16%
3,300
53 ya
53 Ma
9,500
53%.
52%
*128
135
135
*131
135
9%
9 Ma
9 Ma
9 Ma
9 Ma
9%
6%
6%
6 Ma
65/s
6%
6%
6%
6%
6%
6%
6 Ma
6%
56%
56%
Ma
*22 Ma
195
23%
*33%
For
*3
42
112
41
Ma
*106
23%
34
.
r
69 Vi
42%
*106
22%
22%
23%
23%
■341A
34%
footnotes eee
"
195
196%
195
195
56 Ma
723%
42%
112
22%
23.,
57
page% 1588.
57
71:
,
42%
112
23
198
23%
24
34%
34%
56
*70
42
*106
..23%
195
57%
42 Ma
42 Va
*106
112
23
56%
*71
72
Ma.
199
23%
200
57 Ma
71 Ma
42%
112
23%
200
*23%:
24%
23%
23%
34 y2
34%
34%
34%
56%
*71
42%
♦106
23%
197
*24 Ma
'
34
6,000
35,300
3,100
57
72
i
42%.
100
V
2,700
112
23%
1,000
1,800
200
25
34%
^
:
600
1,900
2
15
Feb
25
30 Ma Feb
1
Par
10
1
No
par
Ry
100
Alaska Juneau Gold Min
10
Allegheny Corp
Chemical &
Allied Mills Co Inc
Dye
Mar 22
No
par
——B
+JNo par
116
60 Mi
lliyA
Jan
60
10
Feb
128
1
Feb
38
4
57
Jan
32
Jan
3
41% Jan
28
15/7/8
^aur ^
20% Feb
25%
29
1
19
^ ^eb
185% Jan
22% Jan
33
22 y8
2
7
Feb 26
Apr
34% Nov
17
v
47%
Dec
21% Dec
56
Deo
Deo
Jan
Jan
Jan
9% Nov
8Vi Jan 28
2%
Jan
6V8
28
34%
Jan
60% jun
28,
56
Jan
74,
69 Vi Jan
5
Deo
21% Dec
Jan
6 Mi
82
Mar
35
13 Va Mar
98 Vi
(
21
Deo
38%
Mar
I
3
Jan
J
Jan 25
Apr
Deo
17%
1
<
12 Ma Feb
52% Jan
38
Jun
115
114
6
Feb
58
134
68Ma Jan,
105
NOV
88
Apr
32%
24% Feb 18
50
Feb ^0
122
Jan
9
8% Jan
3
Jan
Highest
9 per share
Jan
9% Jan
18
26
44ViJan
1
5% % pf A with $30 war
100
$2.50 prior conv preferred-No par
Alghny Lud Stl Corp
No par
Alleg & West Ry 6% gtd
100
Allen Industries Inc
1
Sper share
Jan 24
19
No
Reduction Inc
Alabama & Vicksburg
Allied Kid Co
115
4
19
Jan
Address-Mutigr Corp
Allied
tper share
82 M2 Jan
10
Air
9Ma
$ per share
111% Feb
Admiral Corp
51%
Highest
112
2.50
Year 1945
Lowest
Lowest
No par
Co
Range for Previous
.
Range Since January I
No pat
100
Express
Adams-MilliB Corp
16 Ma
9Vi
56%
_
Adams
16 Ma
36 Ma
9%
*71
Motors
Acme Steel Co
37
9%
72
ACF-Brill
36
9 Ma
*71
Abbott Laboratories
4% preferred
Abraham & Straus
56
9 Ma
.
1,500
'
c."':-' •'/
Par
37 Ma
16%
51 Ma
115
•
Vi. '
Shares
*52
56
34
*133 Ma
'115
15%
*54
57
EXCHANGE:
112 Ma
125
20 Vi
35%
20%
*54
NEW YORK STOCK
$ per share
125
35%
15 %•
34%
..
57
*54
55 Ma
*52
35 Ma
20%
15 Ma
15%
*33%
35 Ma
20%
15%
15%
*
Sales for
the Week
108%
*112%
/
Friday
Mar. 22
$ per share
106
105
102 Va
.
Thursday
Wednesday
Mar. 16
I
STOCKS
Jan
1
22 y8
Jan
108
Feb 18
91
Jan
25
Jan 30
13%
Jan
210
Jan 17
48% Feb
6
29% Jan 28
39
Jan 30
153 Ma Mar
15%
Jan
27% Aug
.
122
42 y4
108
Deo
Deo
Deo
Deo
Ded
25% Deo
194
Deo
24y4 Deo
36% Deo
THE COMMERCIAL & FINANCIAL CHRONICLE
1578
Monday, March 25, 1946
NEW YORK STOCK RECORD
36
51%
37
78 ft
34ft
51 Va
105 Va
9ft
37 ft
37 ft
9ft
9ft
9ft
9ft
9'/a
,.
148
/ 59
*55
149
149
42%
ft
43
42%
42%
42
80 ft
82
85
83 ft
ft
ft 79%
*34 ft
23
237/a
ft
ft
133
*132
53 ft
*132
-ft
86
*79V4
133
95%
351/4
81
80 "a
\
.*79 ft
23 V?
,
24
r
53ft
*53 Va
54
.No
par
31ft Jan
132 'ft
133
ft-.
9
55
5
Feb
800
ft
69 ;
ft;
6 1,
.
A
•'
ft;; ft/1 120:.ft
33
10
*!
Bosch
Brake
preferred "ft—*
5%%
Dec
104 7/a
Dec
Jan
56 Va
DeC
23
Jan
35
Sep
,8
17
71
Jan
41
42%
Jan
Jan:
9
20%
Jan
•
81 Va Jan
30
Jan
14
57 Va Feb
16
136 ft Jan
25
128
Jan, 21
132/ft Feb 27ft
100
161
Jan
-
ft,-' Dec
71
ft
Aug
28
30,,
/ 95% Mar 22
26 ft
11%. Dec
Jan
103
10
45'/4 Jan
,
ft 43% May
17
153 Va Jan
7
3%
50
No par
„
i: 48 Va
Dec
38'/a
20% Mar 13
1
Corp_
Shoe Co.
Feb
Jan
102%
78 'ft Jan. "2 ft
preferred—50
'
terican
Am
Note
BatiK
\tnfiican
1,500,
71: ft Feb
Airlines
American
20 Va
6
11% Jan
.
$ per share
15
37% Mar
26
Highest
$ per share
29
Jan
58% Jan
Mar 14
55
Petroleum Corp—No par
Agricultural Chemical_No par
Lowest
,107ft Feb
:-4.ft
39 •Mar 1
ft/ft- 3.00 J
ft:
132 Va
'53
,
Portland Cm-
—1
preferred;———.——..50
'
Mar 19
47 Va Mar
128% Feb 25
18,800
ft.
•23%
104
par
Amer
2,100
/'ft
■
45% Feb 26
oar
...100
.No
ft Amerada
'ftftft 1,600
89
.
132 ft
53 Va
x53
*130
/
351/4"
Va
•
$ per share
Mig—
b%conv
ft
42%
.No
Corp.
Highest
$ per share
Amalgam Leather Co Inc—
59
ft
Year 1945
Lowest
preferred.
Alpha
1,700
149%:
35 ft
24
;
9ft,
*42%,
91;
4%
Alna-Gimlmers
ft-'; 1,100
149%
42
79 Va.
24 '
,
*55
.
Stores
Allied
5,800
37 ft
9 Va
•59; :,
357/4
79
23%
133Va
53 %
53
53
;
52
37 Va
149
42 Va
84 ft?
34 Va
34 Va
34%
'79%
23ft
34 ft
35
*79 ft
X23ft
52
*55
146
59 ft 1
146
79
134
37 ft
37 Va
52/
ft
Range Since January 1
Par
'/ft 11,900
: "ft400
52%
105 Va
52%
37%
*57
,■•42%
23ft,
*132
50 Va
105 ft
51%
60
T
,34ft
82
51ft
49 ft
*104%
51 Va
142
80
; * 79 ft
23 ft
49 ft
105 ft
50 ft
142
43
*42 ft
48 ft
*104 ft
51%
*58
58%?
141
141
49 ft
A
Range for Previous
STOCK
YORK
EXCHANGE
Shares
104 ft
*36 ft
9 ft
9V'a
9%
9%
•56
$ per share
51
48%
52 Va
36 ft
%'
share
Mar. 22
$ per share
share
$ per
NEW
the Week
Mar. 21
104
*104ft' 305ft
52 Va
36%
$ per
49%
48 ft
49%-
10414 104 %
52
Mar. 20
Sales for
Friday
Thursday
Wednesday
Mar. 19
$ per share
$ per share
49
Tuesday
Mar. 18
Mar. 16
STOCKS
And high sale prices
low
Monday
Saturday
■
Deo
43
Dec
r
f 94 ft Dec
.
41ft
Dec
69 Va
Jan
80
Jun
15 */a
Aug
23Va
Dec
x4l'ft, Mar
ft 557/a
28
.
Oct
135
.
Jan
17
Oct
Dec
'
13%
13%
13 ft
13%
13
91%
92 ft
92 ft
94
204ft
204ft
204ft
205
61ft
62
126
*121%
*144 ft
27%
27%
144ft
145
28 ft ' 28%
145 ft
70 ft
*68 ft
106
106 ft
.>
8%
18 ft
18 ft
44 ft
45 %
•97/a
9ft
io %
18 ft
46%
10 ft
*18
18 ft
45 Va
9ft
9
10%
18 Va
ft
119ft
ft:'
119
119
*48 ft
io y8
V.
46%
10%
11%
10 Va
57ft.
*55 ft
50
4 Va %
ftftft
600
ft/ft/. 110
37
10814
50%
*54
55 ft ft
/ft
:
10'
•
ftft /•
58
6%
ft 1,700
Jan
14
9
"27%
Jan
Apr
30ft
Jan
3%
Jan
9%
Dec
10%
Jan
19%
Nov
:
9
43 Va Jan
30
t:/57/;.
107 Va Feb 25
96
113
7
Feb
/
'ft
43 ft
Jun
ft
//
8%
40
Noy
109%
Mar
Jan
5
../;,
ft 63
Jan
28
ft" 47 ft, Mar /
112
'ft/54% Mar 14
28
Feb
7
68% Jan
26
Dec
56 ft Dec
10% Dec
.
Jari//;
12% Jan
v
Nov
Jan
91
38%
;
t
Nov
Xll7%
Jan
20%
6
ft 55% Jan-. 9
Dec
Jan
2%
29
109% Jun
,
Jan
27
50% Mar 21
14% Jan
124% Feb
.
:
21
Dec
18 Va
105 Va
4
Feb
Dec
61% Mar 19 ft
3
97
69
15
Jan
1
Dec,
16
28
ftft 9ft Jan
preferred__._ft.-w__„50
Nov
28
lift Feb
r' 47% Feb
American Home Products
29 ft
109 Feb
$ 113 / Jan
7
/ 32ft Mar 15ft.
,
Jan
69
20V, Jan
6% Jan
Oct
13%
3
'37
Power_„„..
Dec
149
112 Va Mar
4
Jan
Dec
156 ft
Jari ft
32 Va Jan
ft:
ft>eb W3ft
48
Export Lines Inc
conv
ft
2
"18
American. Hide. & Leather^.^--.—1
100
111
109%
%
70 Va Mar 18
Jan
/.•ft 8 ./... Jan
Tiling
.
600
155
24 V 8 Jan ft 3
$7 2d preferred A__
$6 preferred
" American Hawaiian SS Co—
6,500
ft
3
stamped
Co
Amer & Foreign
Wi 3,900ftf
10 Va
*54
•
109 ft
109
*106 % 108 %
ft ft
:
-
f
Nov
42
Jan
110
127
Jan
27
1
150
29% Jan
105 ft Jan
ft;, $7 preferred
.1,000
50 ft
96
10
5
132
Dec
67%
Jan
Feb
Feb
40% Jan
5
Mar 21
39
16
3
European Sees
.' American
1,000
107%
/!ft*50//ft
„•,
10
'
:
'33,600
38
36%
500
Amer
Dec
70 Va Jan
64
Encaustic
American
7,500
•
lifts
117%,
*106 ft
r
60
10
10%//
49
11 Va
ft:; 117%
.
37 ftftft;'
.
18%
•■'
Oct
199
24% Jan
preferred
Distilling
Amer
10,400
112 Va
Jan
25
Crystal Sugar
1st
6 %
Feb
137% Feb
preferred,
American
/'ft
.yX-1,500
9ft
48 ft
//
118%
/ft
60%
*18
11%
118
*30
55 Va.
57ft;
100
9%
■■
•
%,ft ''/••': ft/:
fcO
ft
ft- lift
108
.'/// 9%
108%-108 V4
:://
18 %
50%/
50%
10%
*55 ft
108%. 108% '
108
50%
10 Vs
49 Va
ft. %•-: 60 ft
9%
108 ft ft
v
900
73
28 ft
- 28 ft
27
36 ft
ft
35
*107
;108ft;v
ft/ft'
Cnlort"oe' Co
American
106
118ft
108
Chicle
27
.18 Vi
/•
*118 /
V
American
•ft/ *68
60%
preferred
50
conv
Mar
131
"ft/ft 410
106
9
5%
89 ft
183%
34% Mar 20
Iric
Cable
&
120
preferred
non-cum
Am Chain
148
V
59 ft
7%
200
1,700
■
135
ft:
•
11%
,49ft
;■■■> ioft
ioft
*55%
57ft
49 ft
Z 108
35ft
108
*106
110
35ft
146ft
•ft
/
125
,
7
47
45%,
,118% 118%
ft 35 "ft 36 Va
120
34ft
35
34 ft
*107
27
ftftft
10 ft
45
ft.
,
28 Va
*26 Va
.
'ft
18
18
-
73
ft
9
45
-
•.'ft
60%
-
28ft:
;
*131
>
*68
>
'59%
.
1451/2
ft
106ft
/ft 8%
v
131
35
.
10 ft Aug
15
105 Va Jan
10
57% Mar 13
Fdy
&
ftftift.
207 Va Mar 22
90 % Mar 1.3
196 ft Jan
—~
Car
American
4,700
17 >/4 Feb
12Va Mar 14
Radio Corp
&
Preferred
260
I
Can.
American
5,400
•
...
106:106 ft
27
106ft
6lft;
58%
59 ft
.
;
72 Va
*26
27
107;
107
28 ft
%
*62
•
131
>i
145
63
♦123 Vs
35%
145
135
28
28ft;
".ft,
74
V
26 ft
-
,
*9
ft
8%
;
107
59
57%.
55%
;
26ft
25%
ft
*69
62
Amer Cable
11,700
95 Va
207 Va
62%:
35%
..
13%
93%
*122% 125
■
13%
207 Va
207
62 Va
ft
35
144 ft
145ft
28 ft
\
;
70 ft
70 ft
;
25%
*23 ft
106ft
>
62
/
931/4
92.
125
*131
135;
145
Va
34%
13%'
13%
207
106ft
124
35%
*130
135
*130
135
*130
61
62%
/' 35 ft
35 ft
:
oo3'^
206ft
125'
*122 ft
126
ft
35
35 ft
*35,
61ft
62%
62 ft
*121%
.
13%
a<)
204 Va
*203
ft
13 ft
92ft.
13 ft
91%
58
Dec
/109-
Dec
1
15%
15 ft
'<
*103
ft
*13%
14
ftftft
*11%
11%
50 ft
50 'ft
50 ft
50 ft
36 ft
36ft.
37
35%
13%
11%
17%
18
87
15%
16
118ft
146
*145
ft
/:
120ft
*145
'
•
35%
146%,;./
146 ft
91%/
15%
17
121%
119%
121
107%
108%
.
16Va
..;
109 ft'':
17 ;
■
/:,
■
Metais:
200
6%
Amer Power & Light
$6
/ I
5,300
¥;{' 9,5oo
120ft
110
i:
2
7%
Jan
11
48%
Apr
44 Va Jan
15
118% Jan
3
108
45% Mar 21
21
-49% Feb
34% Mar 13
liaft Jan 15V
ft
V
34% Feb 25
•-17
25v
ft Feb
33 Va Mar
par
Liw reu
147
Jan 24
,73
par
No
par
ft 97 V4 Jan ft-2/'
NO
par
,
29%
20ft
183 Va
,
183 ft
100%
101
41
ft
30%*
101 Va
.
20%
30%
103%
30 7
»
ft
49
28Va
49
/ft ft
28 V4
49,/,ft:
5Q
63
29
/
*50 ft
30%
101%
*181 ft
30 ft
2,850
••»•••
:50
'
29 ft
.
29 V4
50 Va
50 Va.
66 Va
50 ft
51ft
ft
5,700
102 ft ft
48 %
10
?
/■,
29%
37,300
'ft 17,700
31%
•101%
48
29
•:.-••
/;
183
30 Va
-
:
21ft
20%
-
102
x46V4
45 ft
28 Va
51
64%
"49
43
42ft
42
29%'
30%
;»i-
102%
101 Va
io3%-
102
42
29 ft
>!
28%
181ft
30 Va
20
183 Va
30 Va
a
42
'ft
41
.28%
*181'/a
183 Va
*181 ft
30 Vs
30
j
20 Va
20%
*181 ft
20%
19%
*181 ft
'
21 Vs
181 Va
'/
66%
//, 1,300
i
660
.
.——18.50
No
..American Seating Co
.
Feb
186
•
/
Jan
54%
Feb
11%
6
56
Jan
ft:
15%
Jan
ft/
ft
60 Vz Mar
4
Dec
Mar
Jan ft/ ;
ft
30% Dec
99 /> Oct
Jan
>18%
38
17%
Aug
40 ft
,
y
Jan
32 ft
6
-
Mar 19;
51,
4
Dec ;
19%
184
.ft
Mar 22
33% Feb
-
3JVa,Mar
Dec
95%
14
36% Feb
Nov
Jan
103% Mar 18 ft: /• 75
26
'35%-Jan •; 5
27 % Feb 26
/
par
13%
104%
Jan
80 Va
16
Mat;: 7
-.3
86% Dec
ft
-41% Jan
/
'21
i
/ 27 ft Jan
•ft/'95 ft Feb
JVq par
Amer Ship Building Co
Dec
Nov '
Nov
142% May
ft
3
180
.io
100
19%
39ft
Jan
2%
Mar 21
2
17Va Jan*
.100
41
24
88% Jan
Jto par
: "Am Rad it Stand San'y
' Preferred
American Rolling Mill
•
4%% conv preferred.
^American Safety Razor
Jan
24%
121% Mar 21
110
Oct
41% Dec ;
123
Nov
22/ft 130% Jan
20% Jan
3
Oct
54
-
Dec/
14Va
Mar
11% Mar
8
Mar
Nov
15
ft.26 ft. Jan
98 ft Mar 22--
Feb 13
10% Jan
.No par
preferred./—
preferred
$5
140
100
103
70
Jan
©//./■ Jan }i
ft 41 % Feb 'ft.',6
4-
'
•'ftft'SO;.:/:/ 20%
8
Mar 21
.
81
26
ft.
...,
par
No
14% Dec
Jan
—
American. News Co..
118%
13% Jan
No:par
preferred
22,200
109 %
lift Mar 12
104
'
't 1,350
110
4
-No
17 ft/
•
ft 15% Feb
No
Fly Co
&
ft
-.ft
26
.-ftftft—1 ft- ::
Metals Co Ltd
3,400
-147
.16%
:/
:
121%
.
«fe
Mach
Amer
2,600
>.;•
21
12% Feb
par
—————————100*
Amer
ft/;
35%
1
*
8% -Jan
99 Va Jan
No
1
17% Feb
11% Jan 22
J 00
-No
50
Amer Mach
22,800
18 %
%
preferred
ft: 95 ft; :/98/#;
92"Va "96ft
89 ft
16%
109%
ft 35
147
ft// 7%
:
par
par)
-
preferred.,
conv
/ American Locomotive
200
44 Va
17%
18%
35%
89
108%
108ft
106ft
107ft
ft 18%
18
87%
16ft'
119ft
;.v
/
•//
35%.;
ft. 146 '/;'■/
34%
/'ft 5%.
11,500
117
.43%
45%
43 Va
44%
18
/
36 Va
*116 Va
'
111ft
116ft
120 ft
87% '
16
7/
146
.
*
//>.35ft:
36%c/
35%
,660
50
*49 ft
.No
-
preferred—
Internal-Corpft.
ft
American Invest: Co of III
500
.ft.
Amer
400
11%.
Ice-*.-
6%non-cum
: 200
14%,
1168
ft/.
50
15%
'87%
ft™
../>> :
119
107
35
145
:
146
87 ft
34 ft
ft
35
34 ft
/
36%
41ft
18%
18
•
American
3,300
14%
lift
*49 ft
*116% 117ft
41ft
,,
50
36 Va
117ft
Id ft
34 ft
*145
*116ft
40 ft
*49%
'ft
% 40%
117
40
34 ft
37
/•
V/i,-.
*103'/:. 105
13%
137/a:
; tiift
11%
lift
50"»
36 ft
leVa
i6
104,;,.?:;
"
*13%; 14%
14 Va
x50
•,•
104
'
.11%/
v.:
117
17%
103%
*11%
■
40 ft
40
15%
103%
*13%
:
116ft
116ft
15%
/ft
104
*103
13%
*11%
.
15%
15% V 16 />
' 15%
104 :ftft
15%
-
104
*103
Jan
Dec
ftt
31% Nov
i
44%
,
Nov
68%
,
Dec
'
64%
lsift
64 ft
i8ift
*46
•/ ;i;
46ft
*165
181ft
28%
31ft
*49 ft
*52
29 ft
31
3i;.:.',;:
152ft
155
>53
52
.
52
51%
53
ft
;
ft.../" //■ft
87
62%
63
*117%
*117 Va
87%
13%
:
88%
'ft:
.
"■
91
s;
900
'
f
,90%
Am
Jan
Co—
No
par
28 ft Jan
2
36
Feb
—100
58 ft Feb
6
par
*50%
*117 Va
24%
ft
ft ft ,143.//; 143 'ft;;
/ft ft' 13%
ft *81
ft
1C5
*47%
185 Va Feb 2S
144'/«
" 45%
-43%
46 Va
ft' 50 .ft/' 50
46fta
.
•
13 %
86
*81
49
.
/ft
//
46%
*n\/A
27%
13%
13%
13 Va
*129
132 %/ft
*129%
112
25
25
21%
22
48%
49%
*24%
;
*137
54
"
ft
/
23 V8
49%
T
48%
13%
*81%
/
22% Mar 13
49 V2
*18%
.
ft,/ 8%
ft
.100
118
par
22
.—No
par
104
.
85 prior conv
145
,
23
54 %
ft *137
,
'
•:
49%
-
*11412
46%
50 ft
50%
>
*49
*50 Va
54 Va
*106
107%
*50'/a
52 Va
107%
*106
•
*106
54%
112
*107
18 Va
,
•18%
8%
•8%
23%
'
•
48
$4
-
,
No
|
.
139%
ft
55
.
49%
145
:•/
.
ft
,
51%:
144
139
115
200
.
23
51%..
145
./ft
•
:
V
53...-
—
.5
67%
-
38%
101
101
*50%
t
52 %
50'«
*106 %
107%
*10634
101%
118
117%
118
ft
85
'
41
40%
*85
85
%
.
109%
25%
82 Va
109
128 Viz
130
29%
*28
15
*27'%
15
ft 15'%
116%
31%
114
For
119
-
50%
108
*109%
25%
26
' 26%
82%
127
28
30 V2
ft'
ft
footnotes
■-
16
.
*50
;.
6%
ft 100
ft; 10
,
30%
11%
12%
71
71
71
30%
30%
12%
see
page
1583.
"
ft
11%
*68
102%
38 Va
119 Va
*109'/a
'-lOl'/a
118
.
118
69 Va
41%
102%
'118
2,500
88%
39,
■
41
2,600
*86
38%
88%
400
39 Vs
109 Va
*109 Va
109%
80
270
26%
27%
26'%
26%
6,000
82 Va
83%
84 Va
900
■
16%
114
128 Va
*27%
30 Va
*15%
*113
15 Va
116-
31%
*31
31%
12
"11 %
12 Vg
71
*'70
73
128
*28%
15%
*112Va
128
410
29%
100
15%'
115
31 Va
32
12 Vs
12%
*70Va
5%
ft
II,600
120
73
1,000
ft
,
40
2.300
46,600
200
4%
23%
30%
Jan
9
141
-
27% Jan
9
11%
Jan
16
10
Jan
Mar 22
18
ft
Jan
113
-
Jan
Feb
fi 1
,
'"139% Mar 22
(
Jan
15
45
Feb
13
.105%
Feb
26
110% Jan
11
Feb
21
120 % Jan
12
37
Jan
series B_
-100
-5
—No
preferred.
par
.100
.No par
26
14
Mar 14
109
24% Feb
Feb
8
15
25% Jan
Jan
5
33%
Feb
18
71 %
.
26 % Jan
9% Jan
$9% Jan
3
3
3
;120
APr
Nov
109% Mar 18
■
97% Jan
18
133'/4 Jap
15
Feb
15
32
.
•
30% Jan
14
Jan
II
126
37% Jan 29
14% Feb
83% Feb
16
2
27%
147/b
28% Jan 29 " ;
"•"
Jan-
...
.
10'%
27%
Jan'
.
;
•'
.
.<
Dec
130
Jan
18 %
Dec
94%
Jan
60
113
"
14% Mar 13
Feb 13
Nov
42% Dec
30 % July
■
Dec
Nov
83%
Sep-'
110
Dec
45
/
Feb
Nov
83 Va
Jan;
Feb
40% Jan
9
ft 123
Jan' 31
12
108
120
Jan
48 Va
Dec
113%
76%. Jan
101
16
52%
108% Mar
89
z
26
78% Mar
120
-
Nov
-/
Dec
43
3
84% Jan 28
33% Feb
Corp.
81
65 % Mar 15
Dec
Nov
139%
>
■
Dec
ft
-140
Mar
55
108
Dec
19%
48
■
•
«
3
x29%
ft;
Nov
/'ft;/
Jan
27
Nov
108
ill
Feb
/Nov
59%
42% July
NOV
ftv ion Feu
Dec
;
■121V* NOV
102% Mar ; ft
111
Mar 'i
Jan
3
/
Oct
15
Sep
6%
6
106%
8
115% Jan
-
.
48
-J
Dec
113
July
105
.25
Nichols
Feb
14r
.100
$5 prior A
109
5
133ft, Jan
No par
No par
Autocar Co.
60
Avlut,ion Corp of Del (The).
3
ft $2.25 conv preferred—No par
Austin
.
,
17
2
•
Jun
.
13
131% Jan
96
Dec ?
83
49
NoV
29% Jan ft
ft 38 Va Janftft, •'); 57% Dec
ft 45
Dec
24% Jan
60% Jan
53
115%
Dec '
Dec"
11%
-v
112% Feb
2
preferred—
conv
*
,•
par
100
.100
RR.
Atlas Powder.
5%
ft
Feb ft 7
'••143
•ft
26
Refiningpref series A—
Atlas Tack Corp.
;V
.
Dec
Nov
.
31%
140
-
.
.
Jan 31
15% Feb
136
OdLl
•
.100
preferred
"30%
Feb
id
•■"-44
.100
conv
3.60%
Atlas
Coast Line
non-cum
Atlantic
ft
23% Mar
par
-100
Atl G & W I SS Lines.
*119%
6
10
112
^
•*'>
"
41
•
26%
ft>. 5% Mar ft '
60% Jan
100
No
Atlantic
119% ft
'128%
5
132
—1
preferred.
2,800
82 Va
28%
—
■
2
100
69
82
127
4
26
Corp.
68%
:
Jan
51% Feb
107% Jan
.No
••
40'/4 Mar
•
3
par
Dry Goods.
-
Jan
Dec
121% Mar
ft
Sep
ft" Jan ft
;:•/" 9
Xll4% Mar 21.
10
par
Atch Tdpel a & Santa Fe.
5% preferred.
8,100
-
."V
51
Mar 22.
.No
.ft.: 7%, 2d preferred.
/ Assoc Investment Co..
5 % preferred.
'
*26%
12% Jan
122 lA Jan
_No
Corp.
1st
Mar
.7% Jan
116%
'
—
ConstPble
Artloom
y», 230
55Va
106%
.No par
.5
.No par
.100
preferred.,
Cork Co
preferred
Arnold
200
139%
'
106%
•
preferred
$3.75
ftlssociated
5,000.
27%
.
113
31%
*70
.*86
109%
'
26
*15%
16
114
41
86
81%
127
41
38 Va
ft *27%
28
69
119%
109%
128', a
*112
15%
115
-
37%
81% :• 82V4
129
41
*119
103 %
101%
*117%
69
.85%
87
37%
119%
12
12
70 '
.
118
69
ft
31
31%
ins
ttft 70
37%
37%
119%
25%
25%
•
41
36%
102V2
*00%
>118
69
119 yz
-.
109 Va
*115
68
85
,
37
119%
*109
*129
68%
82
36%
82
67%
40
39%
119%
•
,
68%
*83
'•
100 Va
117%
4j
ft
Dec
.ft\yh
25 ft-' I 100% Mar
15% Jan. 29
82'/e Mat
I
24%
ft 69%
Mar;;//:
ft'','■'
;lv 38% July ft • i 49% Nov
4 ft 24% Febft8 ftft ft 12 % Aug ft ft 23% Nov
9% NOV
4'/a Jan
$
^10% Feb
5
43% Jin ft.7„
18
.
"
13%
Jan
150
;
Dec
91% Oct
161% Dec
,
43% Mar ft
25
51% Feb.
28
;
,_20
—
Armstrong
700
—
conv prior
'7%
*
1
> 5,700
>145
.ft 139%
ftftft $6
3,700
.
-
'
*117'%
100 Va
117%
ft;
Jan
57
.ft 60'% Jan 44
112 ft Feb
90
Jan
15"
4
28
196% Nov;
Jan
Jan
145% Jari-
-
16 ft
4
Feb
40
.21%
Armour Si Co of Illinois.
ft/ft 70",
25% >25%
//'.ft 22'2
..
145
'139
ft
138%
55%: 56 >
*110
.<25'%
23
■-'/
id
I.700
32,000 "f
132
*136
'ft
110
25
23
49%
ft 139% 139%
52%
107%
55
*108
Archer-Daniels-Midland
26%
*129%
ftft/ftft ,-ft. ./•ft
100
,
3
3
'
/-/> 8'/4 Jan
ft 99 y8 Jan
110% Feb ft 9'■>;
27'% Jan
Jan > 9,
45% Mar
par
-No par
preferred :—-!.
Anderson, Clayton & Co;
1:'Andes Copper Mining.
500
A P W Paper Co Inc.
3,100
3,100
13%
>
138%
;:.
25%
145
145
13%
132
49
ft
49%
26%
27%
13%
*129%
22%
*25
25
/ft
49 Va
*139%
139%
139
139%
*139
.
.43 Va Jan
50
—12.50
80
18'ft? /
•;
Anaconda Copper Mining—
290 " i Anaconda Wrire & Cable.^—
7,500 ft Anchor Hock Glass Corp—
16,600
ft
115
47%'
*137
138
"ft, 54'%
112
*108
*143%
145
145
ft
Jan"
79
.25
preferred.
Feb 27,
9% Jan
.1
Amer Zinc
120 Va Jan
Mar 21
'Mar 14
128 /
ftlOO
Preferred
Lead & Smelt.
ft
6,600
"
' Highest
I per share
;
65%
.
'71%'Jan 10
29% jan:/3ft ft
.No par
ft American Wpolen
>
ft':/"
/.'ft 8%
27
13%
:// 129 /ft
-
"143
.
Jan 14
29
.
.
61% Feb- 26
,-j.No
preferred
Am Water Wks & Elec_
$8 1st preferrediw».-fti
-
7,600
ft: 600
86%
46
114 Va
47J4 ft, 48
27%
13%
129
138%
Va
25
25 Va
49%'
'•v/" 27
14 Va
132
*129
/ "ft;
22
ft/
■
13 Va
ft:
54 Va
112
27%
27
;
138 Va
*108
•*108
14
133
54
54'%/v
54%
•-
*137
ft:
136
136
.
30
———14
'
ft *27
170% Jan
Type Foundries Inc
5%
-
33,bO0
')
145%
12%
.//;/ 50
'50
xll4Va
.
,
,
46
*49
ft
.
.
.
■c;
46%
,
49
.
'
,
.'2
xear
65
17
Dec
ft 53% Nov
I per share
157.
17
193
/
Dec
151
Jan
Lowest
6
92% Jan
ft 93% Jan
158% Jan
ft 6% preferred
400
145%
144 y8
86
ft*81
25%
>24%
44!'ft 45%
13%//"'; v/13%
13 Va
13%
86
*
8
Feb
26
26
Dec
Dec
60
;v?
Range for Previous
;
'
>
80% Feb
Tobacco
Common class B.
Amer
share
80% Feb
Telep & Teleg Co
Amer
American
ft
; $ per
Dec
31
Jan
29% Jaa
.
43%
.
Aug
128%
21
55% Mat 20
Aug
//29
;
41
ft 155'% Feb
share}
Jan
22%
'
,
18%
.
8
8
t per
400
.104% 104%
44%
43%
49%
49% " 49%
ft ft 49% 49%
47 /;/> /'./ 48
nu
i'478
*114% 115 •'
*114% 115
114%
48
48 ft'
'48
48
> 47%' 48 ;
48% ft
*18%
19 ///ft ft/" 18 Va
18% ft
18'a•"•/"'18Va > 18%
8%
8%
8Va; .8%
*8%.
8%
8% ft
46 Va
*113%
Jan
47V2 Jan
EXCHANGE
.
6,100 ft American Viscose Corp
J
119
104%
.104
'
;
m
67%
*117%
24Ta
/ft..: 24%
;
42% ft 44%
.143
143
,
66%
66% ft;
118
118
ft
x4'/2»
*103%
44% i
.
121
23%
.
105
ft :ftftft 43 Va'
66%
ft 64% ft', 66%
65
*103%
ft/'; 51
147
v
/
Range Since January 1
Lowest
Highest /ft
'
45% /ft •'46
51
51% '
45%
>■"'
49 ft Mar 13
100
No
ft/50Vb Feb'. -4ft
Jan /
17%
16
Refining,
Tobacco
Sumatra
■ft/:;///>;/■'':'
4,600
25%
Stove
164
Feb
27%
17
STOCKS
NEW
KEW YORK STOCK
8,400
3,300
7,800
280
\
168% 168%
25 %
33
Preferred
200:
-
90'%
91%
90V4
•
2
American Sugar
55
189'% 190%
ft
•
92
27% Jan
50% Nov
Apr
153
Dec
181
Va, Jan
41%
:
31
39% Mar 13;
American
Sales for
Friday
Sales for
% Mar. 2^ ftftft the Week
$ per share
Shares
/
*168
170
•24%, .-25//;'%
24%;,
Jan
par/
/ 300
Friday
\
'
SO
"91
167%
24%
170
8
•
par
American Stores—.,
iPPIil
91%
Jan
No
Amer Steel
2,300
//ft
53
54 Va
190W190%,
190%
90%
.167%
121-ft//
*117 Va
13%
86
j.88%
160
6
No
Foundries——
7,400
153% .153%
/ Thursday
Thursday'
ft Mar. 20 /ftftftftft Mar. 21
$ per share
$ per share
.
100-
preferred.
164
182% Mar 20
ft; 50% Feb
45% Mar 19
-25
4,200
31%
'
.
24%
64%
64 ft,';/
143%
*81 '
86
31%
52
ueonesuay
ft 89%
non-cum
73% Jan' 29
Feb ' 14
177 V
100
^-{-i
44 %
143 %
«'
'
-
51%
>151%; 154
55 ; //
55 //.
55%
89
24%
106
44
'-/ft'-6%
100
32
32
32
51%
153 Va
53 ft
88
89% *
167% 168
23%
43%
/■•/ 141% 141% ft ;
.13 /•' 13% ./,/
.*81
;•
119.
106
109
43%
,
.
.
24%
ft'"/' :ift 63%'
23%
ft'/
*107
!
/
119
ft,ft 22%
24%
■
24%
24%
167 ft4
167
165%
165
1,200
41% .42%
,
32 ;'ft
*31%
ft
51 Va f
/ft '*51%
ft 188% 190%
ft
87%
.
32
par
Preferred
American Snuff
-
42 ft
.
3ift;
No
*Amer Smelting Si Refg
//
690
/
/
46 ft
165ft
165
•
HIGH "SALE1 PRICES
ftft Mar. 19. ft ;
//
87ft4
87
86%
.
41%
,
31%
*151 ft
fper share
191%''ft'
190%
-ft/
87
86'%
:
ft
191 %
*86
/.ft
;
Tuesday
-
8 per share
$ per share
189%
/
Mar. 18
; 170
ft 5,600
182ft 182%
a46 h2
46 Va
45%
*165
42%
*3i%
.
53 ft/Ziy
.f
LOW AND
Mar. 1G
66 Va
182%
46 ft
'"30
32 ft
51ft
154 ft
*151 ft
ft/" "Monday
;;// Saturday
66%
182%
170
40%
ft
30Va
*31 ft
'
152ft
.
'*45%
•165
V
ft.43%
30
■
'ft/51ft:/ 51ft
51 Va
*151 ft
41
28%
;'|-
66
182%
/ 182 ft
"
43
;
170
*165
ft
42%
65V4
;•••
,
'46 fti.,ft
45 ft
"
28
*31
67
182
,
'
•
"
42 ft
65 ft
182
ft/
170
*165
170
41%
182
•" 48
46
r
'ft'".''
ft
Dec
Dec
p
20%
Jan
Dec
77'
Jan
131
Nov
-.14%
Jan
29
Dec
5%
Jan
587/a
Dec
.
10%
63
Dec
Dec
<Y
Volume
Number
163
4475
NEW YORK STOCK RECORD
LOW
Monday
Saturday
;
Mar, 10
t per
:
^.
share
AND
HIGH
SALE
Tuesday
Mar. 18
,
$ pet
A
PRICES
share
STOCKS
•■A;
Friday
Mar. 21
:■
$ per sharer
$ per share
:
,
Sales for
Mar. 22
Thursday
Wednesday
?> Mar. mv
-jWar. 19 v»
,
$pershare
the Week
.$ per share
,
NEW
YORK
Range for Previous
STOCK
EXCHANGE
i
Range Since January 1
'•
Lowest
Shares,
Par
S per
share/
$ per
l.i-lO
...car
Highest
Lowest
$ per
share
.
Highest
share,
$ per share
B
'32%
32%
=
[32%
32%
.
-
>
r
32%
23 4
.<
'
>;:23%/- 23%
40%
.23 ?'•,
f
/.4l
21%.: 21% /
K
*79
-
37%
50
23%
4i >•
41
80
21%
78%
i
&";•<
38
38 %
*50
*54%.
''
25%
2GV4-*
■i
:
,
.50
50 x:..:
32% J 33%
*44 %
*58%
?'
I
:
33%
33%
106'
60%
*
t'Kh- 23%
.ff'4'4*40%4v 42%
■•
%
20
sV *18%
m 30 y4
'
>
28%
32%
23 %
33
%
*
'
23
*
40%
*124
-
20
20%
60%
40% i:i % *40%
129t-~< ■if *124
129
19%
31%
30
-
•
31%30 V '
43
*108%
■
167%
.*165,
167%?"
'166
167%
*166,
46.%^|6%%:y
2,400
■'•
r
*166
•
•■•;
50%
-
r.:*
'f
25
Jan
84 *,
Feb v 4
38 *
Jan
2
53
Jaii
9
Jan
,3
'"69% *69%
''
,37
'
v
•
*37
27'
'
31%'
*30%i
*45 46%
*111% "112
1
*
>61%
*111%
; "31%
32%;
31%'
'
61%
*109
*
"
'"109
73
-
i
Bell
Aircraft
■
Bell
4
40% Jan
.<>
63%
110 ;
r
r.
< Bendix
4,400
-28
56% Jan
106% Jan
64%
64%/107% 107%,
64
108
.
61%
*60
42
Dec
52 y«
Dec
54
16%
Jan
25
Feb
24%
Deo
47
NOV
29
v.
127
Mar 21
5
Corp
:
44*/a
44%
■
200%
200
52%
-
i'
53
*210'
9%
52'
27%'
73
-
*66%
17
*71
220 1 '%
^3%48%
49y4
16%
*8%
'
*52
78
48
"50
8%
54
37%"
'
75
75
'
17
17%
; 31% Jan
V22
Feb
Jan
23%'Jan 28/ >
112
'
47%
47"%'-47%
Mar 22
9'A
;62
-,3,900
^
*
8,600*
*66%
80%
66 %
7 80'A'
10O;
,"16%"'171A, ;7'4/6,700-
293Al
'47%
47%
17%
48y*
60*
47%
"
'
*59%
60
*48
"
.i604
50
1
"
; 32
•32%
>Z *35%
36
*109
110%
*33%
33%
36
*109
110'A
"-.'■V' 33%
113
'■>» ■'
33
5i
51%
.113
*35%
33%
33%
36%
33% A,i: -•-33%
20
19
19%
/'
49%
/■
59J/2
115
?.
,
Brooklyn Onion
200-
110
33%?
19% '
19%'.;?
100
26
Feb
Dec
63
Nov
30
DfeC
35%
Dec
Aug
28%
Dec
Jan
>98%
127
Jan
48
\£ Jan
23
•
•
Deo
155
Nov
^
8
»
Jan
"72% Dec
Jan
^
20%
Jan
Dec
25 y8
!
Jan
18%
6
38
13% Jan
v
Dec
321/4
Dec
42%>
f v
Dec
112
XIO81/2 Mar
Dec
73 V2 Jan
45
No
3
7 4
26
8% Mar 14
14-'
Jan
21
85
xl£% Mar 14
461% Feh
Feb
13
35 J
2.50
26-
53
N6
Jan
2
110% Jan
26
._i„15
35% Feb
No par
No-
108
113
10%
106
Nov
DeC
80
•
Dec
19%
•
Nov
59%
.
Dec
52 y2
:
Dec
36
Dec
112
July
;
21
15
Jun
59%
•
Jan
40'A Mar
35%" Dec
Mar?13
351/2 Jan
26
Feb
31
par
Marll
Nov
37'/2
Apr
37% Mar
t
Oct
55
*
10% Mar
53% Mar 22''
9
3iy4 Feb
% Apr
47
•
Dec
451A
17% Mar
•
Dec
191
'•J42%; Jan ?'
1
Dec
40%
Apr
5%
8
Feb ?
63'
10
100
par
No
Oas^— —.
36
9
20% Feb 16
53 V2 Jan 28
Dec
67%
Jan
33%
'•.
17
62. Jan
34% Jan
72
par
114
11% Jan 23
Mar 18
Mar
Dec
109
Apr
24% July v
6
Jan
78
Feb
52%"
:
200% Mar-16
56
Jan
95
J/b Mar 18
54% Jan
Dec
Apr
49%
"■
Jan ?12
51
par
9
68
34%
1.71/4
109% Mar ll >
A
25%
——..IP
.No
Jan
.
5
2.50
Bruns-Balke-Collender.
900
•
109%
11
33% Jan 28
; 7
58% Mar 13
44% Feb
Brown,Shoe Co Inc mew.
$3.60 preferred i_.
10
33%'
*113
104% Jan
44% Jan
Bristol-Myers-Co New.
3%% preferred.
30
2,100=
2
26
179
Briggs & Stratton_
3,400=
> 4
36%
*109",;'
/:
400'
'
-
7-
■
33%'
*36
33-%
1
35% Feb
36% Jan ? 7,
Brewing Corp. of America
Bridgeport Brass Co>—
Brlggs Manufacturing—_
5,200...
,
J%f-! 53 y4 f:'-,
*113
>•? 32%
:110%4-
*109 :
.
59
33%-33%
-
110%
48
60
•60%
-
113
36
■
110%
-
»32%
'
48
60
.
50%
48%
32y2
17%'
47
-
60
*112
-
33 »A
16%
-
47%'*4
.
*58y2
46%
46%
"5*112
113
'32%
83
v36
36
113:
*112
17%
17
•
61
,.*60
■
47%
47%
;: 113 ji
32%
,32%
■'.*35%. 36
110%
*112
'
10&J% Jan
60
*
,
16 Ys
Dec
65
,
(38% Jan ,3 4 48% Mar 22?:
r
Braniff Airways Inc
4,700;
26
26'% Feb
Bower Roller Bearing Co
300?
?
:,i
Nov
•
Boston & Maine;JtR (assented)
800
4
;:*52':v53 %! ■''•:''
28 -7
?
•
w
Bond Stores Inc common
4%fj» preferred
Borden Co (The)
Borg-Warner Corp
200-
Feb
29
Class B—i.>—%—
'
7,000 ;f
-
9%'
*9'A
,
54:^
•■')*
53%' *•
50J/i
•
Bon Ami Co class A.
70?
4
220
52%'
70-.
»
'■■
Dec
29i/a
35
22 Va Aug
"
J-113% Jan t.-g-i
168
24i/a
;
May
'
19%*Jan i.
14
28% Jan
2
Bohn Aluminum & Bi ass
1,600'
•_
•
\
28 Vb
'
•
:*200'
-
1 Bloomihgdale Brothers.
Blumenthal & Co preferred
Boeing Airplane Co_
.
?
,40% Jan 17
J"
Dec
Aug
103% Sep i
473/4 Jan A
16
Dec
Dec
136
'
Co.
't Bliss & Laughlin Inc.
;/ 31,400
6
17%
.42
Jan
18
Jan .17 '
32% Feb
2
Dec
Jan
Aug
^
12%
9
Jam
58
•-
55%
12'/a Jan
35% Jan;28
3
"''^•■■w«
-
431/2
Dec
110
9% 'Apr
35
;
63% Feb '27 - " 77% Jan 59
'3312 Jan
2
41% Feb 15
4 ,22% Jan .21/% 30% Feb 16
Black & Decker Mfg Co.
730f
'
65 J/4
•42%
50%
9%
\ft,
Bigelow-Sanf Carp Inc.
'
,;
Jan
Dec
114
31% Jan
267
'149% Jar)
36
X106
15
7-
/i 93% Jan
(Del)^.—>Nd par
1% preferred—
-100
200-,
33%
*63% "64 "
54%
*51%
•
1,300
.--28^-
-
75
*70
220
49%
-
2ff
,65
900?
:
-
106% T06J/2(
62 Mi
44%;
52%
9
27%
.
'.-.-43 %
53%
*53
'
-
/
65
..
.
*205
*195
220- ;s 52%
53 %
9
*27:
43% '..
42'A
-.
52%
485/e
51"
27%
"
"27%
44%,
*200r
:
v
*8%
*8%,
*5iy8" 53% '
".
220'
1 x48:
-
27
43%
t*' /' f 52%' 53
-
,47%< 48%'
f
45»/s
32%
;
8
26% Mar 22:
4
Jan
"
7
5
Mar
43
Mar 13
50
-28s
Steel
10.400/4 Blaw-Knbx
«
*111%"U2
107% ,107%
62Vi
:
i;
48%<-
47%J
•
14J/2 Aug
33 Va: Jan
>140% Feb 14
-
'7
>108% Jan
Loan_,
s
110
3:
>
Jan
*
67'A Feb
J110 3 Feb
19% Majr 14 :
25% Jan
3 •
26
Mar 13
•
.
Best Poods
Bethlehem
4
14% Jan
■
Best & Co_
'
>
300.,-•
74
Sl%
;
39% Feb .18
21 :
Feb
39 J/a Jan
Indus
2,500
39%'
*30%
33
*
42%
*'{•* ■
'
112
*63
61%
61%
1
31'
Dec
Jan
48 :* Mar 20
10
104 *
Aviation—
8,700
.
48''1 •?146
,''v'45-
44%
32%
63%
108
.
60%
31
Dec
17%
.
-Na par
Howell, Co.
4V4% preferred.
vfienewclal
-
39
Jun
81
.>
Aug
4:
&
3,300
-
28
23'
52 V*
>Mar
29 »A
.'
20% Jan
Rift
Creek
2,100
73
38%
,
s
*111% 112
*111%
32% :.- ;::y32%
'3lVe
-
'
73
->;U..-'27%
31%
*30%
112
31%
28
>#: 38%
38%
27%
32
-71%
■—
38%
28'"
48%T:$45%$
*111%
•
32% :
60
^3
38
*30%
45
112 r
i62%
*108
61%
■60
<70%
38
27%
-
32
45-
•
'
70
38v
.27%
*31
-,
'
•*
-70
'♦
,37
'26% *27
66
9
/ ;/"•■'?
1
:12% Jan
Dec
„,54 yjan 28
55 % Jan 23
par
No
Inc.'
9
,
49% Jan
.
2
Beech-Nut Packing Co—»
Belding-Hemlnway
>
1
168,
i
37% Mar 15
21% Jan
Creamery
?
2,100
39
.39%,
'
25%%426
102%%o.i- !■"
103-
\
i
10,700
-
Beech
s
1,200-
51
28% Jun
44% Nov
20% Feb 25
4%% preferred
Aircraft Corp—v
/Beech
40
>' ,100
30%^' '30
*
.
Jan
75
Shoe
} Beck
21,000
.
•' >
30>V
*109% 110%^-
■
Jan
19J/a
1
preferretjLl.
$4.25'
80
;
://■/
31%
35 y2
11%
47% Jan JJ8
par
>50
>No
Iro» Works Corp.
Beatrice
50.'
-
r
.^
43
:
24% Aug
16
;
100
C0-
| Bayuk Clears
-
500
r
f-
, ;:129,
Oil
30
*'30% Jan
3
>10
Vft %■ preferred
Bath
38% Jan
Mar 13
39% Jan
>4>..60
Asphalt Corp.
Barnadall
•
Mar 22
22'
100
-
107%-
•■;■■•,. 31%
30%
;
Vi- 38%
26y8r" 26y„
103%
167% 167%
-
t-'
■
61
"
*41%
102--
167%
'
4
30
100
BarJter Brothers^
"
42,300-;
.
19 %*20
■38
.
.
.
.
"
106%'. 109
;■■
^
3,400
•"'v 129
'
;
30%-* ■j
'
,
/
110%
50ya:
50%
■
-
28
24%26s/al
>-
31%
30
20
*109% 110%
'
*109 ;
*169% 110% •>.
119%
51%
51%
51%
50%
51 v ;51%
52. ' '
30.
30"'%?' %W3dv'VA30%--'r29%
30 .30%'. 38.%
38%
37
37%
;x36% 37%
38
38%
26 •'
% 25% .'261/4 .;
26
25% -25%'
25% '25% ;
101 y4-102
•■"■'102% 103
AW 102% 103%f#/ 101% 103%
51
.
■?
20
19%
*110%
*109
'■■"/:,
Barter
-
■
•
-
2,700 ^
'Sy, 1.000
> M 120?:
-
Works—>—>13
Ohiol
4 fh
preferred
Bangor & Aroo$took___
s<t: Conv '5 % preferred
60
-
Locomotive
JBaltlinote &
•
2.800-
-
32%%%::;.,::
*60
<
.'>%.<29%
.-
*107
-*124
-
%
32%.
■47--'
•
•
5?:./1
54%
'
60%
>> '29%
30%:;'': % 29%
» '
/
29%i 30 •
;■ ■ 30
30%
47-
28
50
.
.
.;-■' '•
60
1140%
\
129 1
19%
-
•
55
*107
'
42%
-
50 ;
;v!, *54
29
;■„..
60
*108%
<
i
.
28%
■
-
..."
40%'
130 V -.107% 197%
107%
107% r * *107
22%v'24%'^"•*---23%". 24%
6i%
110
%
•
30
fy-M
28
28%
•v-' 32%;/.: 33.;;:
*iv ;»Vj 47% ■ 48 f.f-1,1
107%
%'.? *19%': 20%
i
30%
v-r;.27'
23%
*124 % 129 i
27%
•
no8%
;
-
54%
?? ">
33%
*107
•
50
••
,-'54%
28
*60
■23%
129
X50»
-*§4»
33'•,>■:
47
61
'*308% 109%
4
108 I 108 f
■
-42'
22%
*40 %
V *124
<
''
109
1: 108
108
50
"24%'
79' 'x
24
40%
j Baldwirt
2,400'
j
79
*
•
4oya
.
40
■r-
79
-
40%
55%
*
<
49%
21,900
40
24
*77%-
40%:
27 Vi
v >:%'
44%45%"?%>
G0%
51
:
22%
%
/
•
40 %
55%
'
26% :;■','27 »/2 "
-
■44%
%
55% *U:
'■
41-
22'A
78 A'/ •79
41%
25,100
23% '' 241/8'
41%
23%
,
41%
22%
'
79
39 %.
>51
55% 1
..
24V4";
40
30.^:31%'
24%
31%
*-31
"32%
"22%
21%
,*77%
'V'V'
31%
„
.•■•
40% : :
> 21%
a
79
i 40 %
*54%
.
32%
23%
:40%
-
21%
.,
Jan
Nov
■
35% Nov
39% Jan '15
110% Mar 18
2l\
Marl' 15-
*37% Jan
U
23%- Jan ><
-
40
:
Nov
•
*
'
r'M\Qti4
: >
,94% .94% •;
24% ' 24%
•.
^
f:
106, •< /
100
126
/ *124 :: 126
> 21%
v
22y«
97
97'A
25 '
X24
>
42%:7v 43y4 •/,/;
•"
*108%
111
16y»
17
12%
i2y4-
96%
96%
24%
»4 24%
24%
*35%
36 y2
"35%
35%
106%
106% '
37%
37%
37%
43
42%
42 %
40%
41
106% 106%
-
41%
--38
106%
*108%
111
38% vr
45y4
■
42
111
'
f
111
■
-
10% >16% ' :
12% 4
:
*12Ya'
?
*92V4
v *92%;* 94% ;
V
94-.
•'
17%
12%
"
12%
*92%
•
29
29%
*108% 110 >%'E*108% 110.
7%
7%'
1 * 7%
8
28%
29
•
29%
29%
•105
106
'
105
105
32
32
31%
32%
r
Mar, 16
•
*
*
V,
J
>,
'
1
\*i
*•'
200?
-
40%
41%
■
42 %
,
125%
$4>. *54
19
•
•
57%
<
r.
*56
'
-
I
•?■■?•; 56%
133%'
V
(fdl
'57
■
27%
578%
r
176
70
34%
43%
44%
17%
27%
*56%
-
8%
41%
176
7o?,:;
A
Byers Co
•43%
64
17%
19%
57%
*56%
42%
■70%
57
61%
63%
106%
106%
156;
158
61% >62
*106%' 108%
158 7
*156 '
ioy2
1
•
"
,
~
25%'
•11%,
451/4
?"
*54
*56
57%
133 y8'-
*47%'
' '
4iy8
177
•
25%
25%
12
26:
Vi'% 'V 12 %
12%
25%
'■>:
72
"
*
40%
40%'
*39
b
34%
35
35%
45%
46%
17%
17%
*35%
36
*86
% > *46% 47>,
•
*111% 112
93%
*86
93%
♦18%
19 y2
•18%
58 Vb
58%
14%
57%
13%
14%
14%
23%
24%
24%
24%
♦45%
111%
.
40%
71%
47
111%
158
>
;
,
v
i3%=
21,200'
110%
110%
*110%
36%
35%
35%
47
46%
46%
46
*111%
112
111%
111%
11%
40
*33%
341/4
34
34
45%
45%
45%
46
17%
18'A
18%
19 V's
*110%
115%
35%
35%
....
111%
47
46
18%
,
35%
45%
.
J 9%.
92
92
93%
93%
97
97
19
19
19
19
19 ?
18%
19%
58%
56%
58
56%
57%
57%
-57%
14
14%
14
14
24%
24%
24%
24%
13V4
'? 1.
*1U
13%
-
39
500
:
.
300
28%
1^0
,.
For footnotes
,/
12,700f
2,700
30%
1,800*
13%
14
29%
29%
30 V2
30
30
39%
39%
39%
39%
40%
30
29Va
30%
29
29%
29%
29%
Ijlj
78
.77%
78%
7SV*
11 Vt
77-
77%
57%'
13%.
39%
1588.
56%
24%.
13%'
£9%
page
700
13%
14%
see
19%
24%
40
.
1,300'- '
14%
29%
29%
25%
19%
•
14
13%
-
*29%
■
.4,500
7,200
40
40
29•
29% =
76%
■
77%
Co
3,600
'
14,400
8,300
.
Nov
•
J,
■ -
Highest
•
$ per share
9
par
No par
•>' ^8%
'
•=
.100
109
.
preferred
Jan
42'A Feb
77
Jan
15
25!
67
24
*■
Chin Milw St PI P vtc
"
Series A preferred.
;
33%
Nov
10
Dei
<•>';
Jan
Jan
•Tan
;>>
>:> ■
Jan
,>:
Jan
-
;
;
48%
Dec
175
Dec
71
Nov
-
54% Jan
5
9% JaU
2
2
3
x28% Mar 13
26
66 V2
'Jan
127
u Jan
Dec
110
104% May
»'■ Jun
159
Dec
.
;
Feb
16
14%
Jan
16
18%
Jan
21%
Jan
15
;
Apr }:■
3iy8
Dec
13% Feb
16
'
: 11%
Dec
24
13%
Nov
=20 Va
>
16
4%
25 y4
j"
Jan
;'■*
Dec
Sep
11V8
Nov
109%
Jan
115%
10%
Jan 29
23% Jan 17 *
42% Feb
Apr
20%
Jun
40
Nov
25
,
Mar
;
Feb
35% Maris?:
10%
Jan
32%
51% Jan
16
33
Jan
50%
Dec
20% Feb 16
119% Jan 10
7
Jan
16%
Dec
108
Nov
:•
,
?,
43
26
20 y4 Jan
;I >37%
116
i
3.
Feb
9% Jan
Dec
13% Jan
•'
7
31% Feb
Nov
49
29
Feb 25
17% Mar 13
Chtcagu Great West RR Co.
5% preferred—..
1—
Chtcaeo Mail Order Co
Oct
135
; "■
Jan
21% Feb
29
Jan
21% Mar
31,
"
,
180
Dec
Sep
33
Oct
51% Jan
15
28%
Jan
55
Dec
Jan
17
108%
Oct
112
Nov
Jan
11
Jan
107%
114
111
41
'
Pec
257b Mar 22
25% Mar 22
A
Dec
f 56
Mar
47%
3
7?
86% Mar 13.
Chesapeake & Ohio Ry
Chic Sr. East Hi RR Co
Dec
Nov
21
Mar
152
14
25
26
Mar 22
109% Jan
108% Feb 26'
,
1
;
•
?161% Jan
8
29 % Jari
45
20%
72
35%
■
26
Feb
">M% Jan
-4
.=
«
~5%
-
%'"10% Feb 26
1"0% Mar 15
fTl2* Jan
7
.«'1"7% Mar 14
No
> *
Oct
Dec
Dec
'V'-
Mar
Feb
56
21
8
i-25% Feb 26
"37
Nov
45%
128%
-
Jan
52
2 ;,:
2
3
;_100
»
Nov
4?
.
Jan
2
•
>
)
c
Jan
32
'183
20% Jan
Corp.No par
Products
47% Jan
9%
•
Jan
If 6%
Jan 30
'Feb
1Q% Jan
=
'
7
3
Jan
/.V.'-v,
10%
48%
Dec
.'
32%
Jan
>■>11
Apr
4
47"'" Jan
:
2
'
56
T
Mar
31
Dec
43
Sep
Jan
113% "Feb
24
40% Mar 13
56*
Chesapeake Corp of Va
Class,
Jan
53% Feb
-
34
154
Champion Pap & Fib" Col
New
Jan
=134
2
5
xl06% Mar 15
Chain Belt Co
$4.50
28
y 57
22% Jan
preferred__100-
Century Ribbon Mills
Checker Cab Mfg
Jan
52%
>20
:>
•
21
par
No par
1
6% prior preferred
80
24%
30
;
I'ear 1945
i 6% Apr ,;>,„,
,
7?
■
1
20
.No
Cerro de Pasco Copper
900-
14%
14
'39%
Foundry
Jan
.i 60
No par
__No par
-I—100
2d preferred—
Certain-teed
20=
•
24%
13%.
30
14
30
39'
Feb
39
share
1%
6
22% Feb 16
'■< 67% Jan 16
26
66*: Feb
$4.75 1st preferred—
Central
58
4
8 V8 Mar, 14
175
tCent RR of New Jersey,:
Central Violeta Sugar Co
25%
30
A
Jan
Feb 26
Co
Central Hudson G & E
900
-
•<
l>
5
=
17 A
49% Jan
131
Mar 13
26 y4
?
■
(J
•/
$55% Feb 26
series
30.;; Central ill Lt .4% %
2,600
47 'i
111%'
47
111%
.
35,800
115. y
36
i
•
Central Agulrrb Assoc,
500
35
»
Corp
4%
f Celotex .Corp_i
5% preferred
400=
> 40
Mar
45% Mar
•'..
12.400"
"•"«
17%?
*110%
'
,
Dec
101%
Jan
>27%
4
37'A Jan
25
55 »A Feb
'
116
17%
40%
*34
46%
11%
*113%
17%
*39
18%
y
11%
116
17%
46%
;
7 Feb
126% Jan
7%
13%
13%.
28
18
y
Ohio
Oelanese Corp 'of Amer
>
140
1
-12%
:12% Jan
t
26%
JA
"
7
72
53
jv:
Caterpillar Tractor.
>'. 200?
•?:.
16 ;?:
.
26%
27
.
:
Preferred
14 300
<>'
11"
.'.'• •:7% Feb
Jan
41% Mar 15
124J> Mar 6
-
26
35
:
67
•:■'
107%'
158
25
» 47% Jan
57% Mar
X30
Co.
Case
50'
3,000
'•'
j_100
7
7
8 y4 Jan
.
No par y
—
5,200=
.:••
72%
*106%
A
&
Steel
Preferred
1.040,,
3,800:
35
115
Oct
Dec
28
-Jan
87
Aug
22% Mar >
;
Jan
'
■k 54
A-J---
$3 preferred
Clinch
Carrier
6,100
45%
.•■•-
7
Jan 29
3 Vb Jan
y'39
1,
Carriers & General Corp
21%?
-17%
*
Jan
15
% •'
Administration"'
400-
27%
36%
18%;
*116% 115
36
•
.
Dec
110
•
Lowest
~JiNo pat
—^>50
u
,800;
21^"
11%
41
"7%
36
llPA Mar
6,400=
27%
*113%
*40'/a
105% July
3% Jan
9% Jan
6
35% Feb 16
109
62 y4 Feb
Carpenter
21%
r.
26
17%
3
>'•.
2
Zinc-Lead—
Carolina
■
21
11%
*17%
45%
.115
11
18...
116
Nov
Nov
27%
26
Mills.
40
177
% 64%
65 :
..
*113% 116%
*17%
17
*35
11
*113%
17%
95
v
14% Jan
99 J/a Jan
Capital
26%
:
26
12%i 12%
116%
34%
,s*nojC
25%
1.17%
*115
40
>>
,"
12%; 12%
11
11%
10%
26
Dec
81
77% Aug
59 y4 Mar
Mar 22
y4 Jan ; 9
29
29 % Feb
Cannon
180?
43%'
177
,
preferred
,> Canadian Pacific Ry.
300
83'4
J64
21%
>
28%
70%
26%
21
.
-
48
5ey«-
158
26
28,400
100
133
>
107
21%
Nov
Dec
Dec
Range for Previous
$4.25 preferred—
Canada Southern Ry Co_
800
8%
42%
158
27
Dec
15 Vb
'■•
Dec
42%
39%
'
3 2 % Jan
i>100
Canada Dry Ginger Ale common—5
>
—-
18%
27%
M107
21 y8
3
Calumet & Hecla Cons copper_—6
Campbell W St 0 Fdy__——No par
280
-65
*17%
56%
i
26
3
24% Jan
20%
13%
■'
•
,5 %
1,400
19 y8-
>63%
•
8%
158'
26 3A
24
Jan
;.
111>/2
Jan
7 % Mar
105
9
% NEW YORK STOCK
- s
EXCHANGE. *
'.Callahan
5,000
i,
57%"
-
19%
4
^
-
.57«>?<
107%:
',167
Jari
6
■
Apr
Sep
109% Jan
4
No par
California' Packing—
10
.
12,700
-
1291/2 130
18y4
—
*174■
>■
*■•
.33%
?' -441A
57%-
4i%"
»
■l-'V?
10%,
57-
A 64.;%,
63
*107
.
21%
45%
«
157%
26%
*17%-
y
64%
108%
155
21%
115
40
63%
*107
f
2iy4
11% 7, H%
115
18%
A
•
;
iw
Jan
Aug
$ per
38,100
.".33%
•'
64%
8%
177-
25%
25%
21 Va
V
1
7
■■■>.
3,200
%
5%
27%' -27%
.
70%
Mar 22
Shares
7
43
5%
133-%-133%
8%
70
42
'45 %
*56
-
273A
*174
9i
2
,109
No par
Participating preferred.
Stales for
?7 I//56
,
;;*47-'A-48
'•41%.'41%
176
•
3_9"%
18%
30 y4
14
Jan
95
10
,,
Oct
20%
Mar-22
? 4,
„*»
34%
*17%-
.57..
8 %
Jan
Oct
Dec
37%
•:
>
$ pet share
42%
*64
57
*56%
8%
19%
"47
27%
27%
-57
-
133%
47 V
s*/-
127 ---127 *54
-57%
19%
20 -
18
*133
•
47
ft
44%
>
?64
64
*17%
.
J
341/B
125% 125%
*54
; 57 %
126
57%
19%
90
100
—5 i;
Byron Jackson Co——
the Week
.
:
80?
8001
*
15% Jan 29
7,5 'A Jan
(A M)——
111
4
25
,25 % Jan
preferred
Copper & Zinc—
46
i, 46% Jan
20
——J—10
4%%
5
3,100
Friday
.
..
58
/i.56
.5%, „,6.%
10%
;
10%
34
47
42 % •'
176: /
69%
68%>
'68
;
41%
176
'■•
,ia%
33%
*132% 133%
--
42%
•
^3%
-i
t
42%
58
10
*56
<
f
28%
"8%
.*8%.
8%
41 U 41%
> *173
48"
*56%
27 Ys '
27%
•
*56'A
56 %
56%
*46%
'
42%
t'V'>5? *56
45% Jan 29
-
10% Feb
preferred—100
common.
Jan
16'/2 Feb 25
-100
preferred
Butler Bros
22%
Dec
97
24%
:
-
}n"T'
A '"J
34
19%
->
6%
Bush Term Bldg 7%
29 ya
Mar. 22
t per share
$ per share-
42%
J58
w.'
Mar, 21—*
6%
*63%
-
17%
>132% 132%
48
•
r
64?
?•
Jan
STOCKS
Thursday-
Mar, 80
-
108% Jan
1
•
Jan
10
Nov
25y2
106% Mar-19
6
3
Terminal
74%
Dec
.
128
•
Jan
45 y4 Feb
f
26
38y4 Jan
Jan
-*
10 Va
99% Jan
25
Butte
32%
Mar
Feb
6.500
105%
*32
105
Feb
Bush
,-•■—?
'/A ■/■'v',>1.,:?
6
*54
*104i/2
32%
No
Watch Co. Inc
7%
28%.
105
*32
Nifig El Corp $3.^60 pfd—i.lOQ
120
20%
28 y8 Feb
r
-
3
35
.
*108% 110
29 Ve
104%
33
6%
43
19%
17%
*132%
*46
19%
4
110,
30% Jan
12% Mar
13Q
Jan
263/a Jan
/
3
38
1,800-
88
28»A
1
Co
———
2,800
/'A
Forge
Jan
par
95 ■■MVr-M ■;
60
% ;
110
29%'
3,600
; 87%
■
7%
6'%
125%
-
571/2
*63 %
171/4'
*"
42%
*54-
*
-
128 Vz
,127
19% •
64%;'-
17
10%
33%
>7
33 y*
33%
'42%
42 % ?
*56
• ,
6%
8»/B
10%
.
127 7 ?
*83%'
;
>.
*33%, 1 %
33%
*
'
42%
56%.;. 56%.
V-".
6 mm
-10
42%
42
60
*56
29%
18%/'/77
12%
93%
87%
29 Va
105
w \
*
12%
•
94
:
*108%
Wednesday
-
Ji' 1
<
?
21i/4 Feb 26
HIGH SALE PRICES
Mar, 19
i'.?
'■
29%
28%
32%
$ per share
$ per share
t per share
105
Tuesday
-
Mar, 18
27%
33
LOW AND
Monday
Saturday
93
87%
-
i ?r?':;f.?l7%
17%
12%
■-
8
'29%,
*32'A
>
-
110
104% 104%
'
94
7%
'
28
-12
86
*108%
'17%
•
•'
■
' 29y2
29
8 Vb
8
-•»»■•
12'A
86
86
29%
*108% 110
■
17%
..
*92%
94
85
29
29
f- *28%,
"
17%
12%
86- .86
85%'
*83% "
17
^
93
par
—5
Burlington Mills Corp common—1
:•;
4% preferred
_/>100
Burroughs Adding Mach^
No par
■
•
1
par
No
Bulova
5,200
;
2
25
_N0
Mfg
Builard Co
600,
7,900'
h
Jan
20% Feb
Wheel
Buff
1,000
>
120
par
Buffalo
500
.100
preferred
$5
23% Feb
18% Mar 14
No
Budd
4,500*
46
V# 41%
•r—-41% v 4iya
.
106 %■="'-
*37%
''
v
"560
•
-
.5
Co
preferred
(ifl G)
Budd
-12,300
95% ' 96 %j
45'/.
7%
10-
22%
;:f7 24%' 24%A?4A:
"/■?•"':' '36
' 36
* * *■
38
--
43%
*108% HO
111
"
Bucyru«i-Erie
5,100
125
21%
96%
106%
*108%
-
*124
22%
,24
:
37*.
-
?
126
21%
.
42'A
40%
/ V
•
40 %. ■'■; 41 %
■*
41%;/41%
37%
96%
*124
22
106%
37
.43%;
42%
126
21%
?
19% 4 >
36%
*35
36%
37
106
I06y4 ■;
£^19%
24%
r
'
% 96%
»>>;>:> l 24%
r37
*36%
126
.
22%",
95'/2
♦
1
'
' -> 19%
t,
21%
22%
22
,
*124-
':126 4:4'
*124
26
19%
19% '
%,
f
1579
:
21
Jan
63% Feb
34%
2
25
28% Jan
69% Jan
82% Jan 28
Oct
26
Jun-
Jan
6% Mar
5%. Jan
12%. Jun
'
12% Jun
34 % Jun
24
fan
27
24 Va
29
J»n
15%
33% Feb 16
343
Jan
8
28% Mar 14
58%
15%
28
17% Jan
Dec
47% Mar
16
>18% Jan 23
26 Vb Jan
22
Jan
Oct
33
60 % Get
74
Dec
Deo
"
3
-
-
Nov
tl
'
.
THE COMMERCIAL & FINANCIAL CHRONICLE
1580
Monday; March 25, 1946
NEW YORK STOCK RECORD
Monday
Mar. 18
Saturday
Mar. 16
$ per
$ per
share
40%
40
73%
74
26 %
27
26%
61
61
21
21
'
74%
x73%
73%
263/4
26%
27%
273/8
50
51
51%
53
53
61
60%
60
60
,
61
*60%
*
*20%
22
19%
19%
19%
; *19%
20
8%
8%
8%
8%
8%
43
'
"
20
8%
124
116
125
124% :'
122%
116
124
*113%
*113%
8
8%
*113%
116 '
116
*113%
53
52%
%
1
20
:
13,500
y
116
53%
323/4
52
52
31%
31 Vi
74%
30%
31%
32
32
74%
74%
74%
74%
78
79%
105
104%
105
24%
26
66
66
200
*192
200
*192
200
108
*105
108
106
106
"15
*111
111%
111
111
220
*104
106 Va
24
«
*104
24%
24%
24
63
623/4
*62
63
*192
200
*192,
108
♦106
108'
*107
103
*57
,•107,';,
107%
*101
60
*154
*194
197
47
■"/
47%
49%
.
18
21 %
108%
51%
52
18
21%
21%
21%
34%
21%
y
36
*34%
30
30
*36
31
30
29%
*28 Va
30
29
29%
43
42%
43%
11%
11%
43%
*427/s
43%
42%
42%
11%
11%
11%
104
■„
36%
27%
51%
■v
19%
20
19%
4
3%
-
3%
,
128%
34 %
128%
34%
128 %
34%
33
323A
33%
40
40%
8%
•
*39
8%
8%
33%
34
33%
108%
108%
*108
27%
3%
'30%
v
40%
48%
333/4
40
43
333/4
34V'a
108 %
108 y8
1081/4
42%
42%
42%
112%
*111%
15%
15%
15%
58%
58
•:
*56% :58
333/4
8%
18%
1083A
> y
30%
29
29%
V..
29
40% y
383/4
393/2
y
39
■
1143/2
115
1083/4
44y
f<
14%
r,
44
111%
*111%
112%
15%
*153/4
153/2
*583/4
59
/
,
15%
423/4
56%
17%
39%
57
*55%
,
•
29%
y 14,500
109
1,000
15%
' " ■25
'25
57
115
44%
112%
:: 58 Vi
243/4
233%
25%
.25
*53%
53%/ 53%
54
24%
24%
24 %
24%
24'/8
61%
62
62
62
613/2
.
36
36%
357/a
36
*108%
64
204%
202
202
10%
10%
5%
5%
19
55%
55%
241/2 V,,:,;
103/4
10%
,•// 6
'>
393/4
39%
39%
*1083%
HOVi
38%
34
*33
♦37
39
*37
501/4
55
513/4
51
*53%
SALE
523/4
■■
*55
:
f
'.'.iWH.
17%
,
.
,
243/g
62
35%
-
2071/2
205
10 Vi
103%
6
,;y
/
share
#
39'A
39%
110%
110%
Z 66'A Feb
18
57% Jan
104
Jan
2
72%
Jan
Dec
:
Oct
Jan
68%
Nov
106% Nov
110%
Apr
109%
44
3
108i/2 Mar
99% Jan
3
102% Mar 18
93'A
Jan
100
••56'A Feb
19
57 % Jan
5
53'A
Jan
ti 59
4
44'A Feb
4
34 VA
Jan
i
36% Mar
50% Feb
152
26
Jan
5
5
60'A Jan
156% Mar 15
2
178% Jan
/ 62
11
200
Feb
67
Jan
Sep
53%
35*% Jan
Oct
Apr
;
155!
130
May
/
183
Oct
72
Nov
11
50%
Nov
140
11
23
Jan
Jun
-v,
41%
59'A
Dec
Jan~14
31%
Feb
108 »/2 Mar 18
101%
Oct
34%
Jan
Dec
'
42% Feb "26
112
56
Feb
9
16% Jan
3
21
:.
Feb
16
110
116% Jan
17
23% Jan 29
Mar 13
40 'A Feb
26
Feb
20
9% Jan
3
109
Jan
,
14
:
'
4
49
106
Dec
Dec
50%
115
Aug
Dec
Jan
■18%
Nov
Dec
Jun
Nov
50
Nov
11'A
Dec
Jan
28
24
16
90'A
Jan
20
84
4%
Jan
19
2% Jan
123
28
31
Co
1101/4 Nov
107 %
2
Feb
29
36
Nov
41% Oct
8
26
Deo
28
39
Jan,'
56
Feb
16
4% Feb
2
Mar
32
.
,
55
37
Dec
25%
Dec
41/4 Nov
U Jan
124%
Dec
89
Jan
341/4 Nov
22
29
Jan
28%
Jan
48
Nov
17
26'A Mar
393A Oct
19
29'A
50
6
Feb
6
109% Jan
28
19% Jan
16
Feb
5
3 l'A
Jan
33% Jan 17
107% Feb 25
Jan
10% Feb
7 323/8 Feb 26
No par
Sep
116%
46'A Jan
4
No par
Jan
53%
Dec
>/
Feb V 1
35% Jan 10
7
6'A Jan
6
Dec
15'A Aug
1101
11
132
38'A Feb 26
5
N Y
25'A Jan
26
42% Jan
Oct
Jan
118% Mar 19
2
Jan
;
Jun
30% Feb
19'A Mar 15
No par
Edison
,50'A Jun
Jan
41
5
Feb
46%
46'A
50%
Jan
.36% Mar 15
Jan
Jan
14
106% Feb
47
"jarf
28%
1
47
102% Jan 23
112
~28
,25% Jan
'31
Mar
/ 31 '/• Mar
:
110% Feb
4
10
6%
y./.
3,600
3,200
la
Gas
Aircraft
6%
of
RR
Cuba
Pow $4.50
pfd
/
>
20
17'A
Jan
36
of
1
Jan,-
24%
106
NOV
7'A
Dec
Jan
,34%
Nov
Sep: ;
109% May
3% Mar
Cornell-Dubllier
Exch
•
•
—No par
5
50
Corp
.1
Co
Trust
33/2 %
18% Feb
8
Jan
5
63
Jan
18
Mar 20
24
Jan
*32 Vi
Sales for
39%
393/4
1101/4
333/4
40
6,400
♦HOVi 110 Vi
x32 'A
100
321/4
29
/
52%
52%
52%
53
533/8
54
53%
53%
53%!;
34%
34%
107Vi
170
*37
38%
10%
»123Vi
44'%
128
125Vi
129'%
*126'A
45%
443/4
453/4
451/4
110%
*108 Vi
109Vi
*127%
131
1093/8
Dec
43
Nov
Jan 21
61% Feb
29%
Jan
44% Nov
23% Mar
16
Jan
28%
6
52% Mar 12
.
7 17% Jan
3
Jan
14
52
.
8%
7
20
19
473/2- Feb
y 55%
Nov
23 % Feb
16
12%
Jan
19%
Dec
4
49%
Jan
53% Jun
1
57'A Mar
18
21
52»/a Mar
38% Jan
11
30
5
63% Feb 26
199
109'A Mar 15
58'A
207'A Mar 21
Jan
38%
38'/2
251/4
24%
25V4
*163%
y 443%
46%
*103
108
600
*163%
y 443/4
443/4
105 Va
*103
44%
106
No par
5%
yy
4,500
3,800
y y
100
1%
182%
28
6
29
3'A
Dec
13
Jan
7% Jan
Dec
Jan
Jan
2
Oct
Oct
199
Jan
12% Jan
5% Mar 14
>•
77/8 Dec
•
Year 1945
t per share
38
Feb
26
107% Jan
31
2
Mar
Lowest
Sper share
S per share
44
Feb
16
110% Mar 21
4
35% Jan
14
37'A Mar 13
393/4 Feb
1
•
25%
Jan
99 Ye Aug
24
Jan
28% Mar
Highest
$ per share
43% Dec
108'A
Dec
34% Dec
41
Jun
49% Feb 26
62
Jan
14
37
Jan
59'A
Dec
Feb
27
54»A Feb
6
49'A
Nov
53
Dec
29
Jan
3
Feb
8
20%
Jan
30% Dec
-
par
107
Jan
21
110% Feb
5
106 »A
115
Jan
3
No par
8
No
—_No par
35
Feb
16
42'A Mar 13
54% Feb
18
130
100
preferred
114% Feb
16
Feb 26
46'A Jan
8
28% Jan
10
160
Jan
5
30
100
Cudahy Packing Co
Feb 25
V 38
100
preferred
109
100
10
preferred
4'%%
71
Oct
Dec
108*
Jan \
Dec
No par
Zellerbach Corp
Cuba RR 6% preferred
Cuban-American Sugar
;
38%
51
No par
preferred
Crucible Steel of Amer
4101
.
64%
,
101% Aug
29
70
Jun
IO'/b Feb 26
/
100
2
(The)
Seal
&
26%
16% Aug
67'A Jan
IO51/2 Feb
Dec
y 30% Feb
56;:. Jan
27% Jan
25
common
Cork
Oct
59%
20
46
Range Since January 1
Lowest
Highest
preferred
$4.20 preferred
$4 2nd preferred
2,300
109%
39
25
25
109
39
*163V4
$2
Crown
100
46%
109
393/4
500
131
*46%
46%
Crown
2,300
Dec
Jan
22'A Mar
7/Par
Crosley Corp (The)
533/4
17%
Apr
Sep
Dec
113
22'A Mar 20
•
39
Dec
106'A July
Range for Previous
Cream of Wheat Corp
6,700
,107%
*37
39 P
3%%
Dec
50 .:
Jan
EXCHANGE
/ Crajie Co
17%
109%
Jan
29% July
NEW YORK STOCK
300
Jan
373/2
33% Feb 20
1
1
Shares
Apr
40% Nov
41% Mar 22
40
100
Preferred
/ Coty Inc
Coty Internat Corp
k
the Week
115 ;• ;■ Feb
y. 22% Feb 26
;
61% Feb 26
-100
25
preferred
Refining
Dec
Jan
5
Products
Corn
6
15
Dec
,45
8'A
10
113% Jan
Dec
35 %
93% July
Mar 22
2
yz. Dec;
45%
y
26'A
IO81/4
28
48'A Feb
22
•
,
17'A Aug
20
;
Corning Glass Works common
y
16
/Jan
.109% Jan
35% Feb 26
No pa*
Electric
Bank
115% Mar 15
45
11% July
8
17
/
New
———.—14
Cooper-Bessemer Corp—
No par
!! Corn
Jan
54
-
Zy
$3 prior preferred
Copperweld Steel Co
Conv pref 5%
series
47
14% Mar 13
.-8
Continental Steel Corp—
48
25
Feb
110'A Jan
10
Del
4
:
39% Mar 13
—5
Motors—
Oil
4
12% Feb 26
102
No par
Continental Insurance
Continental
v
Jan
Jan
37
.20
——;
Diamond Fibre
Continental
1121/4
No par
Inc
Feb 26
38
100
No par
r
18
26% Feb 26
No par
$3.75 preferred
Continental
V 42% Jan
1
pfd
of America
Baking Co
Can
16% Feb 26
8
Corp
Natural
$5.50 preferred
70
10%
3314
130
453/4
210
';'•'
*37%
33
*123
*104%
115
24% Feb 28
Container Corp
5,400
tper share
S per share
107%
24Vi
Jan
No par
■■
33%
45 %
45%
*1043/4 108
330
65'%
Friday
Mar. 21
107%
24
10
;.100
—
Laundries
Consumers
4,500
Mar. 22
33Vi
38%
113'A Jan
110% Mar 20
stocks
,
107'%
24
May
par
Credit
preferred
Consol
2,800
yyyyyy 590
10%
Thursday
y
32%
♦163%
Dec
105
100
100
preferred series A—
preferred
PRICES
107'%
393/4
205
Jan
X40
Consol
140
35Vi
5%
108
110
Feb
89
2.50
Consolidated
2,700
108%
*205
10%
31%
40
62
yy- 64%
63/4
*107%
110
241/4
*108
651/a
32
110
170
8
No par
Consolidated Vultee
*70
553/4
•35 =y
1083/4
64%
•
108
44%,
27
Jan
29
y'Y $5 preferred
2,100
24
62
35Vi
2,400
yt ;y>"
19
62
24
2043/2
651/4,
54
.
553/4
yy
56
*1083/4
109
61/s
,
31V*
*44%
500
yy y
19
:
V
23
,;••/* 53%
♦107%
32 Vi
Feb
108
Jan
V Consol Edison of
1,400
1,300
81,300
18,200
:/
243/4
54
:
y;:
Mar. 20
39%
V
205
2
47
Continental
41%
223/4
y
53%
33%
*53%... 54
/
27
Jan
49
14
yy yy'9,700
153%
241/4
23
19
19
Wednesday
*109
y.
Feb
105
No par
No par
2,700
53%
333/a
'-y:: 39
y
♦33
/
/
$ per
share
*108% HOVi
5%
HIGH
Tuesday
Mar. 19
$ per
10%
6>>
LOW AND
$ per share
*204
♦203% 205
10%
Mar. 18
Mar. 16
es
65
Monday
Saturday
*108
108%
64
5%
.
19 Z
193/a
108%,
64
10%
''. 5%
/■
19
109
64%
205
Mar 21
14
Continental
59
173/2
411/8
25
*53%
6i%
36%
X36%
109
64%
22%
;
y 25
55%
61%
Nov
71% Jan 18
18
Consolidated Cigar
Consol Coppermines Corp
400
25
55%
36
25
26
26
Jan
23,700
500
•
55
61%
9% Jan
Dec
Dec
Feb
38
yyy^y
113V4
y 59
:
ITW/
y,,:i;
..
453/a
1514
4i%.
19
24%
24%
*202
.
/
Jun
30
68'A
191/2 Feb 26
Z Congoleum-Nalrn Inc
35,800
16
*112
593/2
17%
41
55
36
109
25
105
No par
3,400
'
:
107
435/8
v
151/4
15
•yy
■
,44
y
107
41
19%
•:*53%
Jan
59
Conde Nast Pub Inc
39
15%
15%
112%
:
47%
29
44-
44
109
171/2
56
19%
>55
„
Jan
98
Mar 13
$6 preferred series
yyy , 3,000
y .11434 1143/4 \;:yy;y 130
Vi
42
•
383/4
.
17
53%
19
>
;""54/
*53
:
Jan
31.
5
Commonwealth & Southern—No par
2,100
18
271/2
39%
V
17%
403/4
56
56%
20%
1
29
Commonwealth
10.000
'
39
15
Aug
16
$3.60
1,200
yy
34
■
475/8
39
*107
41%
58%
;•
y; 44
153/8
17
473/2
*1143/2
107
107
173/4 •17%
47
115
43%
40%
./
■
34%
353A Feb
86% Feb
108'/2 Mar
58
jan
r
•'v>
173/8
58%
.,v
40%
500
3,700
42'/a
22%
17%
39
19%
19
<y
Dec
3
Jan
Commercial Solvents
20,500
343%
475/8
15-
49Vi
42 3%
17 y8
111%
112%
15%
483a
y.
yyy
8 vi
:,yy 33%
lV; io8Vi
<■
140'A
3
Jan
3,300
v,
343/4
Nov
4
Jan
41
Class B.
357,700
y :y
343%
83/4
47
42
43%
43%
126
125
Dec
'48
68i/a Jan
42i/a
39
100
*1 :i>.
17%
V
14%
rj
413/8
33%
l91% Jan
;
24% Feb
Columbia Gas & Elec
12.800
Dec
15
,
1
2
Commercial
333/2
47%
44%
43%
14%
13%
•ios'a 107
44%
112%
'
/
30
56% Jan 15
Mar
5,000
43/8
4%
345/8
■,y'.y 8%'
Jan
■'
yy"
205/a
41%
,
x23
Jan
Feb
Columbia Pictures New———
20
49Vi
Jan
4%
29%
Jan
1st
Columbian Carbon Co. (new)-No
,'yyy
16
8
18
28'A Jan
100
Southern
6t600':
533%
15
Mar 13
conv
&
non-cum
2,200
1255/a
16
Jan
49% Feb
114
100
new—No par
preferred
20
383/4
521%
22% Feb
5
2
28
y *ii83/8
Dec
4
6%
333/8
403/4
341/8
7
;iy
27
45% Jan
80
273A
Jan
104% Feb
-,,: 1,600
.
15'A
No par
No par
104 Vi
iioy4
2
34
4%
66,600
/
25'A Jan
29
cum
Colorado
•fi-V'-rX' 900
12
Dec
26
preferred—100
4% non-cum 2nd preferred—100
Columbia Br'd Sys Inc ol A
2.50
:
2,200
.
Oct
64
25
104
par
6%
ik 38 ®/8
126 Vi
*49
•
83/4
115
107
p
*1033/4
201/2
4%
39%
'
13%
'
5%
591/2
Jan
141;
preferred
conv
Jan
54:
26
/ Colo Fuel & Iron Corp
90
42'%
42%
>/. 113/4
5
49
-No par
Collins & Aikman
180
:
■
435/s
52
34%
28%
115
Tp-
1255/8
126
-
46%
■
2,500
■
29Vi
43%
V Colgate-Palmolive-Peet
;,v; $3.50 preferred
' 'yyyyy- 200
30
■>>28%
110
No
Dec
n
48% Feb
No par
(The)
Dec
37%
17
113% Mar 15
100
A
66
Jan
59'/a Jan
Mar 13
117% Feb
series—100
No par
No par
No par
100
5
Jun
Jan
~67% Jan
7% Mar
8
—
49'A
6
411/2 Mar 15
28
■'
:
40
// 8%
"//' *17
31%
34%
28%
203/4
333/8
33%
83/4
108*
41%
*105%
107
:
\
■y:,
48»/4
33%
173/4
43%
13%
13%
♦102%
'■
;•
513/2
>
/■/:
8%
34 %
;-y/'V6,600:
213/4
34%
*29
39
39
•
:
■
345/8
48 %
403/4
47%
115
127
34 3/8
47%
33%
109
y/-' 215/8
y
Class
,
18%
110
/ *119%
y
4%
3%
127
41
8%
40%
1153/4
44 3/4
*115
203/8
i
33%
30 %
31
41%
5i7/a
1255/8
20 Ve
345/s
,
18%
103%
28
515/8
128
34%
j
«
28
*1185/8
4
"/",. 127%
4
:
39%
27%
,
20%
20
129/
34%
y
423/4
1031/2
'
39%
39%
■;'/ 5i% 51% >
// 118% 118%
46%
17
47%
105
190
*112% 1143%
: 12
11%
i
1,300
,
435/8
423/4
2,300
=
53
30
y no
110
53
.
19
par
Coca-Cola International Corp No par
yy 48 y 48 Vi
y.,108% 108%
293/4-
20% Feb
Equipment
Coca-Cola Co
/
100
"
38%
20%
17
*16%
"47
109%
*103%
■
19"%
Mar
Preferred
500
64y
21%
43%
•'
198
54
6
Mar 21
No par
O. O. C. & St. Louis Ry. Co
100
5% preferred
100
Clev El Ilium $4.50 pfd
No par
y Olev Graph Bronze Co (The)——1
5% preferred
100
Clev & Pitts RR Co 7% gtd
50
/
Special gtd 4% Btock
50
Climax Molybdenum
No par
:-f Cluett Peabody & Co
No par
210
64
; 35
29 3/4
12
2,300
18%
>28 Vi
42%
11%
105
48
*47
48
*46
42%
yc
55
198
114Vi
21%
435/b
109%
109%
;*io3%
,
122
*118
122
*118
52
Z/N 43%
7
42%
/'/; 27%
28
50%
28
51%
•;
38
27%
36%
36%
/
/
12
109% 109%
104% 105
*109% 110
*103
43%
42%
♦42
'•.:z
>29
10
4,800
/; 156
53
34%
y
30%
293/4
:
;
543/4
;
108 Vi
17%
35
34% / / *34%
.•//■ 30
31
■/
240
•
60,
38
Clark
16
50
10
City StoreB
*1150
*1123/4
yy
10
155
64 Vi
*51
18%
400
>
104
'>57%
,.y
t "198
108Vi
175/a
//-
*34
36
/
52
•
64
1073/4
;
473/8 •"47%
■
47%
900
37Vi
154
643/2
■,
*101'/a
.
:
54Vi
54%
198
*1123/4 114%
z
18%
67%
38%
1533/4
109
51%
/■
*1123/4 114%
:
<■'
*108%
108%
51%
8,700
671/2
64
*1150
47%' y // 47%
47
1
*112% 114%
18%
;
18 %
21%
21%
18 %
21%
'/
47%
108%
;v
;
114%
29%
y
*1150
26
*106%
60
37%
64%
64
253/4
104
*573/8
198
64%
♦1150
/
108%
yy:
49
*48%
198
196%
64%
64%
64%
170
76% Feb
37% Jan
59
No
-
City loo & Fuel—
City Investing Co
5Vi% preferred
240
:■
■
54
83
106
64%
156
196%
195
195'
*1150,;
108
;
82
*104
1073/4
"*101
.
ni5o
47
156
*154
,
54
*154
32%
<
*63%
■
55%
156 Va
54%
*154
;
82%
*106 3/4
38 %
38
38%
38
54%
:
*106
110% 110%
//;,
65
*63%
65/
7 ?
*63%
107 3/4
107% / s *107
*107.
;*ioi% 104
*101
103%
7
60
'
*57Va
57
■•:/ 57
HI
111
g
38%
54
">
156%
*112%
60
37%
37%
53%
108
102%
102%
37%
65
107
*57
,53%
*64%
63%
63%
■
64%
462
65%
*192
108
♦106
■
24%
64%
200
*192
112
111
112
*m
,
23%
65
*64%
200
*106
♦104
105%
24
'
104
104
24 Va
33
32%
4
$ per share
25% Jan
Mar 13
l
17
par
Oil
;
C I T Financial Corp
/•y 1,300
51%
74
Cotton
Co-
Highest
$ per share
431/2 Jan
No par
No par
No
Copper Co—
Chrysler Corp
*
ZCinn G & E Co pfd 4%
5,800
52
74
tChllds
; Chile
26
25
>Lowest
.
$ per share
•
Feb
Year 1945
Highest f
,
69'A Jan
100
conv
Chlckasha
8,600
37
No par
Pneumat Tool
preferred
($2.50) cum div
Chicago Yellow Cab_.
^
'600
:
31%
51%
*31V*
$3
Lowest
I per share
i__No par
w
Pr pf
500
100
1283/4
53
Chicago
930
.
,V
8%
1243/4
53
2,600
46
*113ya
116
,52%
Chicago & Northwest'n
5% preferred w i
10,100
52%
,
Range Since Jannary 1
.
Par
> 8,400
19%;
8
*44
-.
•
22
-
193/4
,
125%
124/
122 :■/- 1243/4
•„
47
*44
45 /"
45
♦43
44'/a
*43
43
123
••
" :
22
*20%
>
,
*21
22
*19%
8%
22 ;
:
51%
60
'
53
61
:
29
53
'74%
26%
39%
STOCK
\OKtv
EXCHANGE
,
'Shares
397/a
733/4
'
(
share)
40
73%
39%
.
19%
v
*113%
'<:■
40«
NEW
Sales for
the Week
$ per
share
*20%
8%
:
'
$ per
19 Vi
♦19
1
:
26%
27 >4
Mar. 21
share
38 %
74%
62
*60%
*20%
-
40 %
73%
56
*53
56
$ per
share
39
40 Vi
74%
27%
73%
*53
$ per
share
V
40 'A1''4
Mar. 19
Range for Previous
■
Friday
Mar. 22
Thursday
Wednesday
Mar. 26
Tuesday
,
STOCKS
high sale prices
low and
39
Mar
4
22% Feb 26
99% Jan
106
35%
Dev
Oct
Jan
112
Nov
124
Nov
52'A Nov
87'A
Jan
111
Nov
25
Aug
42
Dec
16
Dec
Mar
29
Jan
8
145%
Jan
X150
50% Jan
14
25%
Jan
Mar 19
99%
Deo
30
29%
165
2
105
Sep
51 »A Nov
102
NOV
*37
39
♦37
39
*37%
39
*38
100
Cuneo
8
35
Jan
3
41
Apr
51
Sep
53%
*52
54
*52%
55
53
53
200
-47
Feb
9
56
Jan
2
28
Jan
Dec
21
20%
20%
20%
21
13,200
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The)
No par
$7 preferred
No par
56
*52
18'A Mar 13
26
Jan
24
9
Mar
24 «A
Oct
193/4
20%
20%
75%
95/b
31%
75%
75%
9%
10
135
*127
34%
35
*23%
24%
23%
-233/4
*23%
25'%
25%
25%
25%
112%
*111%
60%
•111
r
61%
61
61 Vi
62
47%
26
112%
243/4
25
26%
25%
25%
25%
*114'A
II21/2
•in1/,
1123/2
*111%
63%
64%
491/2
39%
39%
*38%
393A
1,100
35
35
34%
34'A
800
42
40%
42
42%
41%
42
12%
26%
13 V4
35
35
42%
43
42%
13%
12%
27
26%
42%
131/a
26%
\
*74
„'
8«
26 3/4
74
/
*74
80
80
*38%
x
66%
48
39
*
62 iA
65
600
2,100
35
39
35
123/4
26%
•
*75
12%
26%
26%
80
*74
493/4
13
49
123/4
80
12%
263/4
-
26%
27
*74
Press
Inc
.
2,300
6,800
12,000
5
122%
76% Feb
15
59'A
7% Jan
2
12Va Feh
4
-
23% Mar 22
343/4 Feb
2
100
129% Jan 30
134
32% Mar 13
43
Jan
29
29
Feb
4
pfd
80
5
Davega Stores Corp, N Y
Chemical Corp (The)
Dayton Pow & Lt 4%% pfd
Records
1
100
-1
Inc
Co
No par
—20
-
Preferred
Deisel-Wemmer-Gilbert
10
Delaware & Hudson
Delaware Lack
Detroit
ilOO
—60
& Western
Edison
20
:
Detroit Hillsdale & 8 W RR Co
23
24
.111
45
Feb 26
Feb 19
Mar 1
Jan
2
Mar 18
vwi
-
33%
43%
*43
*44%
453%
•44%
27%
273/4
28
33%
34
43%
,33%
43%
44
45%
*44%
33%
28%
28
45%
28%
333/a
43%
43%
44%
44 JA
*44%
45%
44%
28%
33
33%
44%
33%
33%
28
28 »/2
-
28%
33%
44%
*441/2
-
27%
4
For
footnotes
see
page
158&,
44%
45
28 %
1,500
1,300
100
2,100
Devoe
&
Diamond
Raynolds
new
Match
oartic
Uanwind
A
preferred—
T Motor Car Co
125
37% Dec
27«A
Dec
28
Dec
28% Feb
4
16%
Jan
28
Dec
7
108%
Sep
114
Dec
66'A Mar 22
33
Jan
49% Nov
50% Mar
5
39% Mar
40% Feb
5
34 »A
Aug
40%
37'A Feb
4
22
Aug
33% Dec
34%
Jan
57%
Jun
Jun
4
41'A Mar 15
50'AJan 29
12'A Mar
4
16'A Jan 16
25
3
27 3/a Feb
Jan
Jan
14
Jan
40% Jan
3
75
29
Sep
Apr
Oct
Oct
Oct
301/4 Jan
Z 28
pat
25%
30%
42% Jan
5
37»A Jan 11
1«0
—
118
Jan
Oct
Nov
47% May
12.50
No
18%
75 lA
113.. Jan
77
43'A Jan
27
3
15
Mar 13
Dec
7% Mar
16%
18
21
Jan
25%
Feb 25
67
Jan
75
Sep
25%
Dec
29%
Dec
Aug
45% Nov
Janjy
48
-
a>32%
9
146% Feb
17
Davison
&
5'A Aug
21
Jan
A
Cutler-Hammer Inc
Deere
154
Jan
73
No par
.1
Oushman's Sons Ino 7%
Decca
Apr
Jan
142
No par
Ourtiss-Wright
Class
Jan
1
Prior preferred
•"
39
48%
39%
35
43%
10
2,000
48%
47%
47%
39 %
J-'i/i
69,700
2,200
17,500
343/4
263,4
162,800
112%
39%
42%
'
36%
243/4
62'A
62
1,300
137
36%
25%
•
■
•132
y
37%
25
343/4
47%
81/4
24% P.
25%
*24
39%
47%
8
23%
137
150
75%
25%
24%
*34%
4734
8'/8
36%
144
75
25%
*132
35%
143
t
75%
7%
*25
-*111-112%
143
24%
10
134
134
35
75 Vi
75%
31»/4
31
31%
*142
144
143
144
•143
39%
35'A Jan
28
8
33
49'A Feb
4
40'A
341/4 Jan
14
16%
44% Feb
Dec
Nov
Deo
Volume
>
I per share
; \
87%-
88
88'/a
♦105%
106% 1
%
$ per. share
.
-
% per share
i,.
87%
;
107
A
*105
43
'.
43
i-A:Af per share
89
43
53'A
53%
42%-
'53%
.
/
46%
.43
*52%
!
53
JA 47%
53%
43
■
•105 Va
48
,
53
53
7
47
1
-
•
46%
V28%
28%
28%
24%
24%
"
28% ',28%.
28%
:
24%
47
•
'
155
158
158%
♦113%
114
158%
158
160
161%
161%
25
26%
26%
114%
114%;.% •113%- 115%
33%
'
192
26%
'26
*32%
192%
128 ya
*128%
A
129
•114%
116
21%
25
<.:■
25%.
*113
21%
112%
21%
25%
:
*128
116
21%
21%
v 113%
'
40
38
237
239
♦196
199
*38
v.240% 241
238
...
199
•197
,
;
130
V
*116
116%
.
21%
217/a
114
39
*39
35%
70 J.
,
A 26%
5% A
21%
168%
31%
31%
31'A
*109 Va
37%
^39
37%
12%
69%
70%
>r;
68
69%
28%
5%
21%
>
27%
28'A
A-.-/. 5%
Vv.i 21%
'
22
114
♦112%
1%, 5%
-
21%
P 70
70'A
29
29%
28%
28%
5%
2V"
69%
5%
22%
170
168 %
168
169
156
156'7 V
156 I* 156
51%
51%
*51% .52
*51%
168
:
-
5%
5%
A 50%
51%
51 V
.
♦33%
82
107 Hi
53%
53%
53%
23'
23%
22%
23%
*33
35%
35%
*103%
104%
104%
105
*108%
*109
110
108%
? ■■■•'■
111
4
36%
'•'■'A 4%
17%
18
18
A
82%
*83
'
94
♦91
A
is
•:
18%
*26%
'9%
:>
9%i
*64%
9%
28
15%
15%
111
-i.
18 %
17%
*82%
Electric
*91%
94
■*m i8%
i
'!
Elec
18%
X27
»;
27 ./<■
;,v
51
■/
53
T 52%
■'-/
A 9%
65
27 '■?.
53
:,,v; 64%
28'A
64%
64%
64%
'i»
28%
28%
*28%
28%
15'A
15%
15 Va
15%
22%
*22 Va
28%
15'/a
*21%
i;
15%
09 'i;,
M
21%
*110%
111
,
23
111
46
•44%
46%
;
*27 Va
28 Va
27%
*44%
28%
itii 27%
15%
15%
60%
65
28%
106 »/a
29 p
;*105'/a
*1067/a
114'A
74
15%,
•;
15 Va
61%
v
'•
30%
62;
61
61
■<
114%
v?
?•*.' 1
■
61%
61 Va
36 Va
36
36 3A
•113
W
*112%
114%
•48%
50%
h
* 48 %
18
T
17%
:Cii7%
-
43%
48%
■
61%
35%
'
"'.v.
50%:
'
109
Jan
158
Dec
8
103
Jan
146
Dec
49 Va Mar 13
55% Jan
18
46% Jan
55
Jan
11
22% Mar 15
30% Feb
2
2
v:
Jan
5
75
Jan
4
106
Jan
2
Feb
25
24
37% Feb
113
114
173/4
48%n
*45
'
62
Dec
Feb
2
16
Jan
37
Dec
106% Jan
15
Jan
106
July
10
110
31
111% Mar
2
53/4 Jan
100%
30
28
Mar
100%
8
6
107%
108
Sep
101
109
Sep
1
May
•;
Dec
July
July
4% Nov
3
23 Va Jan
12% Jan
20%
80 3/4 Mar
4
93
Jan
17
68%
Jan
86
Dec
..60
93% Mar 15
95
Jan
29
86
Jan
92
Nov
...8
16% Mar 21
23% Jan
28
11% Jan
20 Va
Dec
A15% Jan
28%
Dec
17
par
Cleaner
Vacuum
Jan
...8
23% Jan
3
32% Jan
...3
45% Mar 14
63 % Jan
15
2.80
8% Jan
9
10% Jan
28
No par
613/4 Jan
3
75
Ex-Cell-0
Co
ft Oo
Palrbanks Morse
40
:
30
Corp.
Products
Evans
20
15
Federal Min & Smelt Co
2
41% Jan
Federal-Mogul
5
26
15 %
2,000
5,100
Federated
107%
130
303A
500
4%%
Enamel
Ferro
Corp..
;
6
42 3/a
Jan
65
5
25 Va
Jan
363/a Nov
12 3/4 Mar
Jan
26 Ya
104
Mar
110%
543/4 Feb
7
253/i
Jan
42%
Dec
32% Jan
10
23 Va
Jan
32 Va
Nov
4,
Feb
9
7
34
Feb
16
70
Feb
9%
7
Fidel Phen Fire Ins N Y
10
61
Jan
9
25
x66
Jan
3
80 3/4 Jan
107% Mar 20
100
18%
$4
54 Va Feb
25
64
Feb
26
41% Feb
34%
Jan
63%
Dec
70%
Nov
53% Mar
1053/4
42 Va
Jan
23%
Nov
110% Mar
Apr
16
No par
1103A Jan
2
uarV', 42
Feb 26
1.—7Va
16% Jan- ; 3
No par
41
Jam il;
Corp
Apr
50
5
34 % Feb
Oct
60
Jan
38%
Dec
July
111%
Nov
18
107
503A Jan
15
41
Jan
53
Oct
18% Jan
14
16 "/a
Dec
18%
Dec
30 Va
Feb
44
Dec
Jan
115
No
Oo.
Stove
Power
Fiorsneim Shoe class A
100
.-/45
com
preferred
Florida
13,400
100 /
par
No par
No
Stores..
(The)
Co
PI or price
400
50
'
Flintkote
70
113
•
17%
preferred
National
First
900
Dec
Dec
107%
213A July
17
8,100
18
59'A
Jan
103
29
109% Jan
36%
Jan
Jan
14
Feb
Firestone Tire & Rubber—
Oct
28 Va
18% Jan
64% Jan
108
4,500
63
Dec
<17
13
2,000
108%
Dec
10
77
107 Va
Nov
20'/a
26% Jan
64-
4%%
Dec
9%
112% Feb
105
.
Jan
9
Jan
50% Feb 26
Mar 14
28
Mar 14
;
62% Nov
Jan
28
26
14 Va Feb 26
No par
No par
100
1
StTes—*
preferred
Dept
conv
42 V4
Jun
193/4 Jan
213/4 Mar 14
110 Va Jan
2
No par
,
363/4 Feb
27% Mar 13
14% Mar 13
600
643A
;
;
Exchange Buffet Corp—
•
Corp
Federal Motor Truck
45
Dec
81
Sep
3% Jan
800
48
;?28%
*49
<;
27 Va
Mar
Jan
103
105% Jan
Federal Light & Traction
$6 preferred
62%
48%
f
1
Oct
29%
21% Aug
;■ 20'A Mar
24
104% Jan
No
48%
Jan
par
par
55% Nov
40
xl03% Mar 13
9,800
*111%
:>
is
43% Aug
34 % Mar
6
853A Feb
19% Dec
111
par
2,200
>:
;
36 Va
>
*48% ; 50%
•
17% *;
*45
-
*107 -108%
114
9
Mar
!
753/4
61%
"
37
Dec
26 Va Jan
63%
•
7 3/a
Dec
Eureka
10,900
' .400
153/4
*30 %
75%
Dec
158
par
No
15 Va
63%
74%
107%
24%
172% Mar
Jan
No par
RR common
63%
30%
28
Jan
3
Fajardo Sug Co of Pr Rico
107 Va
74
36
*45
2,400
>
:>
24
•
24
Dec
14
:
7
Farnsworth Televis'n & Rad Corp.l
114
/
106
Dec
71
13
3
1,300
47%
63
106
:
Dec
4% Aug
3% Jan
29% Mar 22
7% Jan
39 Va
112
8% May
42% Jan
17% Jan
1,000
*28 %
107 %
36%
21
Dec
148% Jan
28%
15%
64
63%
5
Oct
109"%
137-
5
5% pref series A
'2,000
.
9%
23%
15%
61%
'
30%
75
108%
*106%
80% Feb
'V
Jun
66%
par
66
28%
24
106
'
106
*30
61
1147/a
,17%
5;. 48%
; *44
63
75
108%
V v49fV I 49%
'"v 17% if 17%;
48 Va
17%
30%
36%
114%
•48
15%
*105'A
61
36%
v
46%
-
*28
■
'
*61
36%
46
27%.
61
61%
106 Va
30%
74%
-
63
•
*62% ;"63':"-
75
108%
60'A
61
106%
30%
*30
64
*62%
;r 74%
*1067/a
15%
15%
,
V
€
106
29%
.
46
28 %
53%
*111%
23%
10
25
28
5% Mar 14
65
114
3
19% Jan
28%
-
153/4
•112
'•
*9%
28%
23
HI
18%
28 Yt
9%
67 % Jan
209
\
.100
Ene
:
'
15%
15%
60% V 61%
61%
♦105 Va
111
111
*110%
600
■
52
28%
15%
17%'
82
18%
53%
Sep
July
Aug
Feb
No
Bldg.
104
16% Jan
No
office
(Equitable
Jan
Deo
Dec
Erie & Pitts RR Co
17
81
65
23 7A
•44%
28 Va
44'/a
*27%
'
22%
/
*110%
if/a
'
-
17,000
30,700
Jan
49
21%
July
185
Mar 14
114
4
3
—1
—
35% Nov
229
Dec
16
393/4 Jan
4
Mar
Jan
50
Service
$6 preferred
*91%
.
'
-V-
4%
4'A
33
11
134
Jan
,170.
2
111
.100
(Endicott Johnson Corp.
4% preferred
*
11
111% Jan
5
Jan
Jan
18 Va
Mar 21
Feb
A
;.r
140
-
108% Jan
Feb
,
32% Feb
9
13
39%
:
Mar 18
par
Mfg Co
Emerson Radio & Phonograph
fiu $5% preferred.
110
Feb
par
.Emerson Electric
2,100
.110
40
3
Electrio Storage Battery
El Paso Natural Gas
600
120
m.
18%
*9%
07 preferred
$0 preferred——
380
108
9
2
-
No
No
_No
No
Electric Power & Light
104 Va
17%
27%
:
52%
(The)
Am shares
Engineers public
;v. > $5 preferred
82%
18%
*9% Vv 9%
v
;
18%
27 :V:;
18%
16%
*91% "94
& Mus Ind
12,800
-.4%
82%
■:
Boat
*90
-
18
13
3
Auto-Lite
84 Va
t
24% Jan
123% Jan
Feb
28
./ 37%_38%
110
Feb
Mar
71
-
'^*103%
120
30% Jan
5
30% Deo
34% pec
192% Oct
Jan
117.
98«
100
1
8
Mar
20% Aug
155
Jan
200
...
Dec
Oct
256
preferred
113
125%
8
Products Co...
Oct
33% • Jun
Deo
113
i
100
115
Apr
-12
Dec
5
5
106 Va
108%
110
83%
94
327h
y
167%
8
8
preferred
Oct
100% Dec
Jan
19% Feb 26
18
Deo
116% Feb
26
*40%!
103 Va
4
17%
83'A
'
132
4
Feb
jrl06Va
108%
•
83%
j •"
Mar 21
Jan
Co———No
Electric
6,800
-38%
4%
4 • v:
18
*91
-V
27%
•64%
65%
28
110
*108%
18%
7 50
iV,
*108%
A
4%
23
33%
103 V*
v
111
22%.
128
114
;
56
Jan
27
111%
2
No par
100
Dec
29 Va Nov
Jan
110%
29
2
Jan
Jan
Va %
122%
28
lit pfd.
Mar
50
29%
Mar
17
Feb
Elastic Stop Nut Co
2,100
37%
105
no a
a
94
A< 48%
J 49
•103 Va
*108%
18%
84
;SM8%
7 :2T f
27 A:
A 48%
'
■'V*-- 4% •;
4%
82%
•91
'105%
52%
31
65
28
Jan
30
61% Mar
'
52%
' Jan
38% Jan
-
Dec
109
22% Jan
7
33% Jan
115
8
191
400
52
% Feb
215
2,000
;fP
52
106%
"
*108%
111
•109
4%
A 105
v
155
23%
*106
37%
y
155
,33%
33%
*81PV 85
82 >:■;
106 y
36%
*
23% Mar 14
108
100
4
Ekco
"'4 41,700
170
169
.
53
23
33%
33
*79
106
1.4 106% 106%
A.V 36 4? 36%
108%
35
:
%
83
.
83
107 r
•106
34
*79
34
■'
•79%
'
53%
23%
>*23'''A
•
34%
♦79
*106
51%
51%
22% T.:; 23'AAi
/A
52;
•51%
■■
51%
A 34%
158
6
204
preferred—
cum
4'A%
'
*156
90%'Jan 21
Edison Bros Stores Inc com new—1
2.900
,
24'A
23 Va
24
*169%
v
23% Mar 15
1
par
67#
,
P. 2,200
,' 22,500
69
>
Jan
15
24% Mar 12
AJrllpeo inc
Eastman Kodak
1,700
,.
Mar
18
Feb
181% Feb 26
Eaton Manufacturing Co..
4
12'A
12
"47
98
Feb
50
:
6'
'
16%l? 16%
♦ 81
46 Va
46%
82
82
i ie%
17%
16%
; 83
*81
83
83
163A
17%
85
17%
84
'"A-
86
46% :!-47A.;>
85 -V r 86 Vv. ."
'46%
46
■V' 81%
-
85
47%
52
88
17%
//':
17%
86 m
89
50%
.
89
*
40
28
:
30
31
150
*140
29%
•140
28.
*27%
'
'V;::
41
40
40
♦27
V
'?
31V*
j
*140
150
52%
52%
53%
39%
39%
40
■'/'
41
.40%
41
../V." A: *27%
28
28
53%
39
39
j;
LOW
v/C 39
AND
31%
149
HIGH
$ per share
52%
SALE
Corp
Co
Francisco Sugar
F'k'n Simon & Co Inc 7%
A
.'
5234/
39'/a
53%
53%
1,200
Freeport
Sulphur
39%
393/4
2,300
Fruehauf
Trailer
Dec
2
47%
Jan
75
Jun
Mar 20
15 3/a
Jan
35%
Dec
90
Mar 21
59 Va
Aug
80 Va
Jun
25
Jan
44%
Dec
6% Mar
49% Jan 17
43 Va
No par
pfd
100
Mar.
$ per share
NEW
Sales for
Friday
Mar, 21
10
1
Co—
Co new—
,
9
28
Feb
28
118 /
Mar
553A Jan
28
34
"
Jan
51% Nov
45% Jan
29
35
Dec
36
-
28
150
4
,
27
$ per share
Dec
146
May
Dec
Range for Previous
YORK STOCK
$ per
Shares
Year 11)45
$ per share
$ per share
$ per share
share
Highest
Lowest
Highest
Lowest
EXCHANGE
the Week
22;;;
Dec
Feb
353/4 Jan
Range Since January 1
preferred
prior
149
*140
Thursday
t per share
share
6%
133/a
Feb
52
26
26
9
2
19
26
;
16
86
STOCKS
Mar. 20
.A, t per
Foster-Wheeler
2,100
PRICES
Wednesday
Mar. 1!)
<
3,400
72'A Feb
37 Va Feb
^ 26% Jan
27
Jan
142
Jan
47
Feb
34% Jan
1
10
13
25
Corp
Machinery
:.'31%AAA >; 2,000
30%
v;
38%
39
.
Tuesday
;$ per share
28
Food
21% Feb
2
4
2
100
■
Mar. 18
Mar. 16
149
42
*27%
' ?
31%
*140
Monday
Saturday
413A
A"
90
11% Jan
673/a Jan
33% Jan
10
Corp
preferred
conv
Food Fair Stores Inc
v' 7,700
51%
89 %j
W'
28,,.
*27'A
A ?'••• 53
:
50 3/a
41% ; 41%
.
31
.
*140
52%
1
31
31%
149
1
53%
38 Va
v
41
*27'A
31%
'
52
90
5%
310
,86,
Steel
Follansbee
A 3,800
17%
17%
86
''
/:K
13 Va
13%
13
%i;, *123/4
13 '/a
►
"
A
9
9Va-
9%
*20%
20%
*22
23%
23 %
-
23%
•69
75
9%
i
20%
20%
20%
223A
♦22
23%
•69
9%
,
233/4
75
13
9%
20%
♦22
*233/4
*70
,
;V;
75
.*22
22%
24
-
A; .// 9 3/8
'£ 20%
23%
/.VV:' >69
:
13
123/4
9%
203/a
*20
»
223/4
75
/
*22
24
24%
■
*69
.
A/ A A
13
A 10%
10
.
/
20%
123/4
20%
23%
13%
13%;
*57
98
.
r
13%
50
58%
soy*
52'A
•
;
99%
•
V
100.
f;
62%
62%
12%
..
12%
191
*188
58 Va
51
;
*100%
173/4
•106%
109
*106%
102'A
V"
17%
17%
17%
13%
*57/A/ 58 %vv,!;& 58%
13%
57%:
,
a;
58%
./
149
13 %
133/a
109%
*1053/4
62%
12%
62'/a
62%
188
17%
12%
188
12%
*188
23
*12%
22%
22%
22%
123/4
♦22%
12 Va
13'A
12%
40
40
40
h;150
150
*149%
*31 %
31%
*31
177
*175%
*176
40%
39
149%
148%
31%
177
313A
*176
13%
24
75
243A
*72
77
51
102
'A
v
50%
•
r.
.
110%
17%
17%
173/4
109
♦105%
109
61%
64
62%
123/4
123/4
191
188
•22%
_102
173/4
*105%
re
/
643/4
•
135/a
188
13%
*188
223/8
40
2234
22%
12%
13%.
123/4
12%
39%
149%
50%
110%
A
33%
*58
51
*147
32%
31%
177
177
39%
39%
149 %
146 Va
*32
32
177
176%
/
133A
1,100
■
13% A,v;
i33/a
7,200
;
58 3/a
57
52
52%v
Va-,","
103
107:
r
17%
"
17%
109
643/4
-107
109
65
65%
13%
133/4
500
:
53
11,200
590
■ /-■;/
•>.
18%
*105%
191
>;
57%.
Va,
:
2,600
.
"■/■■•
12% ;/:•
23%
12%
39 Va
32%
177
Gen
$8
1,200
330
32
*176
177%
7%
90
46 Va
46%
46%
47%
46 Va
47'/a
45%
46%
46%
46%
46%
46%
/f51%
52%
52
52%
51%
51%
50%
51%
50%
50%
50
503/4
4,800 '
46
45%
46
46 Va
47
47
47
47
46%
47
2,300
*130%
131
*130%
*115
119
*115
*45
*130%
131
*112%
117
73
71%
*129%
129'A
129 %
131
119
72%
72%
71%
130
*46%
129%
130%
*112%
72%
130
21
21%
22
34%
34%
34
34%
22%
34%
23%
353A
5%
5%
20%
5%
53/a
5%
20'A
19%
20%
38%
♦143
•
20
39%
39
.150
.
147'
9%
39%
147
28 Va
Fo^footnotes^see
28%
page
40%
1588.
„
9%
28
130%
117
72%
129%
23%
40%
28 Va
v.-
713%
72%
130
130
36,600
800
24%
24
24%
6,p00
353/4
353/4
36
36
3,000
5%
5%
"5%
4,100
20%
19%
20%
37,900
403A
1,200
41 Va
♦41%
20%
42
*14o
20
;
-
40%
*147
10
v
9y8
~9%
9%
10%
9%
28%
28%
28%
28%
28%
10
28%
1
17,900
2,000
Foods
General Mills
No par
—
Corp.—
common
.100
5%
conv
preferred
66%
Feb
18
7%
Jan
,653/8 Feb
*
53
l
1043/4
Apr
14
190
Jan
15
■A 83/4
Jan
1603,a
Jan
185%
17 Va
Jan
10
8
3
44% Feb
152 Va Jan
35%
180
Feb
20
56% Feb
Feb
20
51
4
xl28
20
33 %
4%
18%
Jan
4
-38%
•;142/2
7%
26 »A
Mar
2
Oct
14
30
Feb
5
80 Va Jan
24 Va Mar 21
Jan
40
Feb
43
6
.
61%
% Aug
;;
38'/.
145%
Oct
36
Oct
172
May
f
49%
56
Sep
Nov
52% Aug
Aug
127
1143/4
Dec
27%
A 15.
Jan
37%
135 V2 Jan : 8
132
Jan
153
Feb
Jan
Mar
19:
.52 A Feb
123
,
27:% Mar
Feb
2
26
6
114%
Feb
Feb
26
Dec
14%
7
Mar
27 Va Jan
Feb
24%
Jan
"15 3/4 Jan
Mar 15
80%
109%
49
26
Feb
;
14
Jan
^
Dec
28
Mar 19
130
119
70 Va
58
.-40% Nov
Jan
49 %
43
.
:
.
Jan
'
Dec
68% Jan
108
45
No par
14%
Jan
28
2
-
12 Va
26
Jan
Jan
58
Dec
V 86
Nov,.
23
28 3/4
••
Mar 22
19% Jan 28
Feb
Mar 13
51%
18,
Mar 22
t
107
Jan
^ *S1
171
preferred
3 3/a %
General Motors Corp.
28
5
.,$39.
Nov
Jan
26
•r'|9?,% Jan
No par
—No par
—100
r_100
10
$5 preferred
No par
Gen Outdoor Adv common—No par
Gen Precision Equip Corp
No par
Gen Public Service—
10c
Gen Public Utilities Corp.
5
Gen Railway Signal
No par
6% preferred———
-IhO
Gen Realty & Utilities—
10c
General Refractories..
No var
..
/,
,
5%
5%
General
90
116
*113%
72%
pret erred
General Electric Co
32,800
131 Va- 131%
116
1293/4,
23
19%
130%
129 %
35
5%
*146
%
71%
22%
40%
-9
130%
^113%
35
20%
*146
9%
9%
273/8
9%27
53/8
71 Va
•129%
20%
.»
%
V;
No par
No par
100
s
preferred
29%
16 Va Feb
85
Feb
Feb
/
14.%
163/4 Mar
Feb
,jq*223/a
^V .I.l'/a
Nov
Apr
15
29
26
12%
-.19%
4%
Jan
Feb
182
par
9
Corp—
General Cigar Inc
1,000
,
No
12'A
A lO3/,
Jan
6%
r
293/a Jan
26
-
17 %
60
3
-5
—
Jan
Jan
16
16
29
20% Mar 12
107%
——100 /
Transportation
Bronze
cum
—50
1 v1;
preferred
Class. A
1%
—0
Investors
General Cable Corp
3,200
40
Amer
General
41,200
123/4
32
Amer
General Baking
8,400
148
39
*147s/a
Jan
2
Feb 27
Mar 13
Mar 13
Jan. 5
•
Jan
3
;35% Jari 4
'' 78
Jan
8
19
22
22%
73
12%
54%
(The)
Co
15% Feb
11% Jan
3
:/• 8% Feb 26
;
preferred
$4.50 preferred
•
30
23
148
Gen
'
13 3A
1
(Robert)
VGaylord. Container Corp.^_
5Va% conv preferred—
10,600
*189
22%
Inc
20
A'o par '
Gardner-Denver Co..
No par
$3 preferred
—
20
Gar Wood Industries Inc
1
4Va% conv preferred—i
50
6%
'
•
Co
Gamewell
23
*22
24%
800
Galr
10% Jan
—1 '
Gabriel Co (The) common
27,700
20%
■
2,100
10%
123/4
10
134
Oct
123
77%
Mar
Dec
Dec
62
Jan
125
May
130
Mar
10
Jan
23
Dec
40 Va Jan
14
22%
Jan
36%
Dec
26
73/a Jan
15
1%
Jan
7%
Dec
Mar
4
22 Va Jan
24
Mar
4
47% Jan
283/a
Jan
46%
Dec
Mar 13
Feb
Feb
27
Jan
3
Mar 13
-
-Mar 19
293/4 Feb
1
-
Co
Bagle-Plcher
Jtaaiern
114
*112%
■'
12%
/ »j55.r 158 *
; A
51%
51%
169 V
39%
39
114'
31
48
31
1
Eastern Stainless Steel Corp..
pvppio;.
5,300
'
111
*109 Va
111
56:% Jan
3
Jan
No par
(EI) & Co—-20
$4.50 preferred
900
12%
5%
21 %
31%
k
27%
-
>
12%
28%
168%
31%
—
Duqueane Light OS
-
1,400
31%
:
48% Mar 20
25
100
International.
Du p de Nemours
120
63%
*12%
*■•■■■
.
63%
Jan
-17% Mar
52% Mar 13
L
50o
——
preferred—:
conv
Dupian Corp
.
■
'2.JOO
:
V
109%
36%
114
243
205
63 Va
*112%
12%
70 /■
169%
109%
36%
36%
-
> C *112%
..27%
157
111
*109%
3%%
Dunhlll
-
1,200
63%
105
14
116% Feb
2,700
31%"
31%
70
6
■'
21%
157
/A
12%
.
200
V 63%
114
12%
,
63%
36%
*112%
12%
70 *.;h;
27%
63%
111
35%
;
v
243
242%
200
5
50% Jan
113% Mar 12
common—No
Dresser Industries
"
63 «A
109% Feb
J 04 preferred series- A...—No par
',5,400
>
Jan
143% Feb 26
200
'
38%
38%
*200-
241%
199
-
31%
v
•110%
114
A 12%
.
31
35%
•112
199
s
:
■/"V:'-' 20
117%
114
39%
3,900
38
*
>■
No par
Highest
* per share
29
26
Jan
t per share
par
♦
700
v
22
21%
i
115%
241
239
199
63%
63
,
38
239%,
,.♦196%
•
61% / 62%
•31
31%
*110% 111
:
313,000
:
'
Feb
39
par
Dow Chemical Co
*
:
103
105% Mar 15
No par
8
—
25
Feb
Lowest
-
107% Mar 18
1693/4 Jan 13
v 1,300
,
Class
Pepper Co.j.^._._—
$ per share
83
Douglas Aircraft————.No par
«
200
*128
116
113
112%
40
A ;
;
128
21%
21%
113
»
7,500
*"7,100
"
38
4,200
;
:
29
34%
196%
33%
196
128
'
116
-
Dr.
Year 1945
Highest
0 per share
Par
....
Doehler-Jarvls Corp
Domd Mines Ltd
115%
28%
33%
195
116
129%
.
•115 7
"
25%
25'A
194
-
*
?
115%
*114%
'
2,600
'
163
•114
28%
33%
33%
4
•158%
26*
27%
28%
194%
f
129 Va
116
'■ 114
39
26%
*32%
> 192
25 Va
106
105
1157/a
*114'/a
115%
;•
195
♦128%
21%
112
26%
32% •32%
192
195%
192
,
128%
112%
;
.V
25%,;
116
26% I
33%
116
•114%
A •114"
•113
>.
"
A
* 32 %
115
25%
J
25 V* '
"
•112%
,
'.'Pp
Lowest^
i
,
Corp-Seagr'a Ltd——No par
5% preferred^
'.i-i
100
Dixie Cup Co commoiu___—No par
2,200
•
"
: '25 Va
105 %
1-14
114 :
♦113%
24%
115
1
A
104
28%
Ranee for Previous
Range Since January 1
STOCK
YORK
EXCHANGE'".
:
Distil
230
;
47
28%
25%
25%
25
104
•
24%
♦112%
"1
24%
,'102%
1,166
r
*
46%'
158
107%
52'/a
♦52%
.
28%
•
106%
■; •
104 1
>
28%
*
24% / 25%:
47
28
:
102%
25'
104%' 106%
157
■
28%
52%
-52%-
*
*
47%
■'!
NEW
J'p-C
4,600
,
1
45
44
45
;
STOCK'S
"
*
107 %
44%
j
'
:
91%
107%
*105
43
Shares
t
90%
"
43
"share
89%
88%
110%
*105
$ per
t per share■
.
88 %
88%
107
'
-
,v
'
the Week
Mar. 22
Mar. 21
v
Sales for
Friday
Thursday *
■
W: Mar. 2d
;
•
>
,
PRICES
" Wednesday'
-
Mar. 19:
89
♦105
HIGH SALE
AND
Tuesday
-
::.V'.Mar..,18 A
Mar. 16
'
-
1581
"
U,
•
■'
LOW
-
Monday
Saturday
CHRONICLE
THE COMMERCIAL. &.-FINANCIAL
Number 4475
163
147
15
Mar 18
113/4 Feb
33% Jan
8
15
Feb
123
3%
21
140
* Jan
Oct
8% Dec
Jan
34
—
-Dec
1
THE COMMERCIAL & FINANCIAL CHRONICLE
1582
Monday, March 25, 1946
*
NEW YORK STOCK
LOW
117Vb
■
*37%
36
118%
118%
37%
36:
•
•
36
38%
39%
39%
'*108% 110%
*108%
39%
'
I
,
117
*108%
112
112
40
*39
110%
40
*108%
*
40
*
40
% 40%
?/■
109% .111
32%
*109
110
110
33%
*41
41%
33%
33%
41%.
>
11
33%.
40%
"
i%
*109
*105 %
106
45%
*105%
*104%. 105
40
46%
105
'
104%
105
40%
40%
5 7
*54%
54%
147
37%
*143%
37%
77%
40%
77%
78%
104%
*104%
65
65%
65%
66%
109%
109%
*
109 %
110
*37
33 "ih
12%
12%
8%
■■■:
9'
*31%
20%
...
•
21 >34%'
34%
*110
%
>'
>-' 65%
66%
67%
109% .109 %
38%
39
108%
108%
108 Va
38%
12%. 12%
9% .' 9%
,
*32
*110
34
■
21%
21%
34%
*108
39
12%
12%
V:
> > 9%
33
21
110
2l%-
34%
.
35
35%
*107%
•'
80%
-
81%
107
108
20%
19
57%
58
57%
30%
31
30%
*181
19
•:
:
19
19%
185
:1'
!
19
'
57%
.58
18%
12 Va
*65%
85%
85%
33%
*181
182'%
67
85
r1
v
i ' 30%
■
31
:"Z
185
*181
47%.
43
*11
49
10%
95
10%
> 95
24%
24%
%
> *71
61
34%
Mar> 1
22 Va Jan
,Jan
45%
99
35
;
39% Feb 26
N O PCtT
No par
104 V Jan ' 9
27 Va
105%
•m
26
'
38%
(Thek.
Co
& Stock
$5
Feb
Mar
Dec
Dec
; 105% Dec
,
:/96'i'. Sep. V>104%' Dec, /
,
16
39
25% Jan
5
8% Jan
29
52 V2
•'.V
Jan
Oct
May/:'
57
3% Jan
;
7%
•
Oct
'
151% Jan
8
42 % Feb
16
35% Jan 43
68
Feb
26
102% Jan
'4
58% Jan
3
71% Jan
Mar 22
113% Jan
(B F)
preferxed
107
165Va
147% July
25 Va
Granby Consol
3,300
M S
81% Mar 22
107
Feb
'■;
,
40
102
Jan
*
Nov
74%
July
Apr
48
,
63%
3
107% May
12% Mar
39
Jan
30
Va Jan
19
4%
Jan
Mar 22
18%
Jan
Oct
115
18
5%
:
37
.
Nov
:
Dec
12% Aug
7% flow
Jan
'
•
-
Oct
105 y* Mar,,
-
July
16
30'A Mar ;5
-
53
6
30
Feb
43
,
P
&
Grand Union Co_
Mar
12
34% Jan \. 3
10% Jan
3
6% Jan
4
Graham-Paige Motors
900
;
45
56% Feb
.
,
:
Gotham Hosiery____
;>>1,600
9%
37
3
Mar *4
6% Mar 15
'145
Mar 21
Telegraph Co
Goodrich Co
38,000
t
36% Jan
54
900
v.:;
.
Dec;
26 V*
'
preferred
conv
Mar
v
.■
.111%
Jun
Mar 22
25
46
13 Vs Mar
>90
Dec
111
;;v
'.ft Jan
107
13
105 Va Jan
Dec
Dec
44% Nov
Nov
9
Feb
31■
'
},
/
share
133%
.
Aug
4
15
Mar 22
58
Jan
;; Mar
25% Mar
28
Jan
Jan
118
4'
No par
700
,
12 %
■
,
*108
.
33%
Dec
21%
-.
110
19% Jan
Grant
i°o
3%%
.
Steel
T) Co.;
(W
26
27% Feb
V >14% Jan
V 25 % Sep
8
36% Mar 22
108% Mar 21
100
preferred
3
29% Feb
Granite City
4,400
112
Feb
21
Feb
V
18
4
105
Dec
33% Dec
:/109% Nov;
Sep
'
?•'
19
57%
58%
30%
30% :
18%
47
•'
11
93%.
V, 60%
*35%
37
49%;
11
48
;•'-
.11%
:
86
37
32
*22%
22%
*111
109%
:■ '23%
31%
22%
10%
96
73
^
72%
72%
60%
61
60'/a
G1
>.1
6i
61%
37
♦35%
*107%
24%
*13
..
22%
:;;
.25V4
113%%
*iii%; 113%
109%
*107%
25
:•
«
25
44%"'
44%
i3>:-;v."->. SZ.13%,;
'
'
13
102
*156
103
44%
25%
14%
12% >: 13
14%
13
127% 127%
*34
> 35 "
*109
128
*32
;
*185
*32%
138%
83%
141%
28%
*136%
:
■
;
28%
123
191
29 % ;V: /
' 191 ;
35
30%
62
>
*35
30%
>
25.%
30
30%
50%
50'%
23%
•
*80 *
•
29 Vi
*55%
56%
31%
83%
83%
24%
24%
50%
■
10%
,>
•
■iii
38%
38%
28%
29%
8%
8%
>"
19 %
38%
ill 28%
1
31
51%
'24%.
57% >
fc.
57%'
24
24 Vs.
31-
Z
,
.
v,
51%
j,"
9%
*19
.
38%
Zr/ 29
29 %
V
'
87/a
8%
Z
,
LOW
Saturday
■
Monday
Mar. 18
39%
34%.
35
72 %
39%
*97
39%
35
*71%
97%
*30
31
*91
7',:
12%
13
29%
17
29%
17%.
81
133
*168
171. M
115 VB
115%
19%
19
*10%
V
108%
10%
*97
13
30
>
106 V4
133
17.1
;>>
116
;>
> 116
19%
*10%
47
,
11
.
Z-
19% ,19%
.10%
47
*
109%
108
10%
*204
11V4,
11
16%
16
11
16%
16 %•
>16%
205
87
87%
199
199
205
205
87%
199
*201%
88%
10%
11
40 y4
> 34%
206
87%
199%
41%
7 171 >;
117
>
19%
10%
10%
48
91
87%
199 Vt
*97
*137
143
*137
143
41%
42%
42%
42%
*111%
112%
112%
*140
112%
107
107%
*20%
21
109%
110
107%
21
42%
,
107%:
107%
21
110%
59
59
44%
44%
44%
*163'%
199%
*164%
*140%
175
*57%
113
145
43%
113%
108%
8%
37%
*140
145
42%
113
44%
115
107%
112
20%
110%
;
59%
44%
20%
20 V4
20V4
110%
110%
109%
109%
59
59
*59
60
44%
45%
*44
45
.•
» 8%
37
*140
44%
115
"112
20%
11%
9
>>
11
207
:
98%
*140
117%
114%
117
-
112%
20%
46
Vs
200
54,200
8,800
114%
20%
>
;
45%
63%
300
-21% Jan
-27% Jan
,16% Dec
14
' Dec
'
t, >134% Nov
Mar
Apr
Feb
19
38% Jan
9
•
103%
> 92 Vt Nov
'•
Jan
170
45%
:
106% Jan
100
135
137
* "**
28
94
22%
> 82
Mar 22
•
Mai-15
Jan
29
146% Jan
21
26
30
Jan
37
Jan
72
Jan
;
Jan
189
Aug
-
>' > 39% Dec
> >115% Dec
V 138
July
-90
Feb
Nov
Feb >
Feb
■138
Dec
21% Aug
>32
Dec
123 r
•
15
34% Jan
130 :
V
>
19
9
25
Jan
16
Jan
Jan
Jan
32 Va Dec
rV;: 63% Nov ;
11
Jan
26% NOV
17% Jan
29
56
V
27
34
9
33% Nov
Jan
23%
>>41% Jan
65% Mar 11-
■
-35
Nov
60% Jun
17
,
'
42
2
83
'
Mar
28% Feb
62
16%
6
Jan
19% Jan
Feb
" 25
>102
Sep
93
"
29% Feb
T'
60% Feb
5
z
2
•
33% Jan
preferred
"
27
Feb
8% Jan
4
41% Feb
;
'
34%
•
H31
10
Jan
8% Dec
Jan
>
Jan S
14%
Jan
3%
#
10% Jan 30
23% Jun
36% Dec
34 : t May
26% Aug
4
26» 34 v8 Jan
3.1
»
66% Jan
>12% Jan
12% Jan 25
/ 25
JanlT
.
-
»
:
3'
25% Dec
63
Nov;
29% Dec
109 % July ;
:
87% Nov
23 Vs Dec
54
Dec
;
«
Aug
i
7
8'/4 Jap
2
18
Mar 13:
Jan
>55% Oct
14
Jan
31 / 33v Jan 30
'3/ 111/: Jan 25'
49 Vi Mar 13
24%
24
24%
24%
24%
25 Vs
24 Vs
24%
24
24%
24%
*24%
25 %
24%
24 Vs
24%:
24%
39%
39%
40%
40%
40%
40%
41%
25%
x42%
*24%
26
24%
24%
25
25
25 Vs
43
25 Vs
*43%
25 Vs
43%
25%
42
42
x42 %
*160
'42%
*160
STOCK,
Jan
> 9%
Dec
Range for Previous
>;>>:z7vz Year 1945 ;
43
Range Since January 1
Lowest
Highest
$ per share
lines
29 Vb
7
RR
Mar 15;
85
Jaii
14
47%
92
Jan
98"
Jan
29
RR See ctfs series A
21
Mar 13
72
Mar 15
8
Dec
44
Dec
84
Dec
23
72% Jan
92
Dec
18% Jan
38
Jun
37% Jan
9
16 Vb Jan
28
25
32% Jan
10
17 Vs Mar 13
22% Jan
18
;
.
19%
34%
Dec
69
Jan
Dec
'
66 Va Jan
106
Jan
4
89
7
107
Mar 22
Jan
39% Jan
18
103
100
Feb
20.z
17% Jan
2
,10Vs Jan
120% Feb
7
>>
.9
pat
9% Jan
13 % Jan
30
174
82
Jan
105
6,
>
8%
37%
Jan
1C4'A
Jan
20 % Feb
.
2
Jun
Dec
Dec
10%
Jan
14
110
Feb 26
13% Feb 16-
.
26
.
19%
11% Mar
•
54% Jan
3
Jan
140
Feb
11 Va Jan
14
—No par
Sep
Jan
166
6
22% Feb
45% Mar 14 : >
109% Mar
.Dec
104 Va
129% Mar 22
144% Jan 14
Mar 21
168% Mar 15;» 171
107Va Jail
-No
40%
Jan
Jan
12% Mar 14
preferred-,
$ per share
19% Jan
> 45% Jan 15
26 Vt Feb
Co
Indianapolis Power & Lt.
Industria Electrica De Mex, S A-
6%
43% Feb
Highest
/
per share
32
Co.
4%
Terminal
Lowest
$ per share
38% Jan
RR
Interlake Iron
Int
Business Machines
Preferred
>
5%
conv
z
Dec
57
Nov
109%
Oct
6% Mar
12 Vb
D6c
8% Mar
> 14%
Dec
74 Va Mar
100%
Dec
193
Dec
6
2
199% Mar 13
Mar 13
14% Jan
28
33% Jan
11
95'A Jan
98% Jan
10
178%
Jan
2%
Jan
17
Jan
13% Nov
34% Dec
Jan
99
NOV
7% Mar 13
11% Feb
5
5Ve
Jan
11%
Dec
35 Va Mar 15
42% Feb
5
28%
Jan
39%
Dec
30
Mar
39%, Mar
Co
148
6
Preferred called
xl06
Mar
Feb
2
19%
Jan
22
84%
Jan
Jan
141
Dec
48% Dec
123
Dec
114% Mar 22
8
9% Mar
24
Dec
28
79
Mar
116
Dec
60 Va Jan
25
41 Va
July
57
Dec
Jan
30
Jan
15
4
25 Vs Jan
29
21
115% Jan
55% Jan
2
19% Mar
.100
129
6
106 Va Jan
.No par
75%
Feb
122
110% Mar 13
preferred
7
48'/b Jan
6
136
Paper
Feb
100 Vb Feb
5
29% Feb 20
*
Inter Rys of Cent Am
5 % preferred
"
•
.International Salt.
International Shoe_
.
.No
par
.No par
International Silver
7%
:3,200
2,800
>
International Mining Corp
Int Nickel of Canada
.International
'215
86% Mar 15
190% Jan
-
Int Hydro-Elec Sys class A
International Min & Chem
>
4% preferred
i
26,400
195
new
International Harvester—.
1,300
23%
50
preferred—
Intern'l Telep & Teleg
Foreign share ctfs—
.No
par
.No
par
Interstate Dept Stores
.No
par
; 700
Intertype Corp—
.No
par
800
Island Creek Coal
$B
preferred
43 Vb Jan
3
Jan
3
175
39
Feb
92
Jan
175
Dec
Apr
151
Nov
Jan
33
Dec
137%
22% Mar
6
22% Mar 13
"37
Feb
26
23% Mar 13
.1
ft
49 "Vs
204
2
18%
100
40
.1
148
31% Feb
45%
31% Feb
2
18%
Jan
33 Vb
Dec
15
17%
Jan
41%
Dec
29
Jan
16
19%
Jan
30 %
Oct
Feb
9
36
Aug
46
Dec
Mar 11
145
Jan
152
Oct
Mar
.6
46
Jan
3
160
1588.
il
.•.stenmq7
■
.V.'v
1
Dec
46'A Jan
t.C=
Dec
Dec
35
Jan
Oct
71%
186
55 Va Mar 14:
t c
4Vi%
Intercont'i Rubber—
175
page
;•
Corp
-No par
preferred—-—-100
199%
*140%
see
>
Mar r;
6
108
20%
;
Mar 14
f
Interchemical
640
*167
footnotes
25% Feb
;;
; Inland Steel
Co—
,7
No par
/ Inspiration Cons Copper. —1
—_2fl
> Insuranshare-s Ctfs Inc
—1
900
109%
*60%
.
7
7,200
20
175
For
Jan
-50
/Industrial Rayon-^„_^——-No pat
5,600
118
199%
43
.
par
No
com
Manhattan
Preferred
*140%
-
i—."No par
com
_
preferred series A
Illinois
;
21,200
109
60
6%
145
44%'
•
37%
*167
43
&
Illinois Central
700
•3,300
175
*160
>
*
Idaho Power Co
610
30%:
200
43%
Nov
>104% Dec
Oct
9% Jan
2
82 ':: Mar 5
" Jan <2
24% Mar
Par
6,700
z,
11,600
*167
43%
>
100%
Jan
Jan
29% Dec
Apr
43 V4 Dec
155
'
/
11%
*140V4
23%
*160
Feb
90
Dec
Apr
7% Jan > >>•14 >
5
38
15
EXCHANGE
2,300
11%
175
*160
>
Jan
98
5
>
26
50
NEW YORK
10,900
90%
199%
*155
:
Nov
110%
Oct
109% Mar 14
Mar 13
428% Feb 20:;
Oil ©f Texas v
non-cum
:
Hi 30
8% > 9 ':':
46
45
109%
*140%
39%
(A)
Hupp Motor Car Corp
900
16%
37 Vs
110
44%
5,900
600
*166
39%
:
No par
i—100
>
25
.
V
Jun
Jur
Km
> 121 :) Dec
x30
;
28
Feb
140
135
—No par
>
199%
39%
i:
56% Jan 22
$4.50 preferred A_
47%
175
43
15% Jan
3
2
Jan
130
>
5
> lngersoll-Rand__——
11%
*140%
*24%
1
100
%:
2,200
19% ;
24%
24
pat
100
98%
■
145
60
;
10
23%
24%
par
800
"
1
30%
.
37%
109
,
•
.
89%
98%
98%
,8%
'
"4,800
175
''199% 199%
30%
36 V»
No
-No
Hud Bay Min 81 Sm Ltd
Hudson Motor Car
900
■
>119%
*205
30
*971
>• 5%
4,900
4,800,
V
10%
,
11%
',.
Jan
18%
152
8
106%, Jan 24
1-7% Feb > 4
VIZ
i
.113% Jan 21
Howe Sound Co
'Leased
.
31
16%
'
199%
11%
9
|3
31% Feb
par
preferred
Hudson
'
17%,
*108
207'
206
88
199 3/4
31
38 Vs
No
preferred
3%%
:::270/> >?
13%
-89
"47
10%
98%
$2.25
200
'32%
•
*10%
48
109%
10% >10%
16 Vt
16%
206 V*
II
19%
10%
*46%
*108
30%
8%
19 :
Jan
9
Feb
Dec
39
A'UU
43%
27%
105Dec
46% Mar 22
16% Jan 16
2
Houston
700
97%
,7
118
19%
11%
361 %
,
184
par
Houston Light & Power Co,
6,300
■
>/
*168.;,
117
19%
41%
34%
88%
131
31%
98%
"JUn..
82
Y
20% Jan
>415% Jan
V 103% Aug;;;;
14
Mar
28% Jan
Is
J an-;. 17" ^ 180
83 Va Mar 12
,
100
No
Shares
106% "106%
129% 131
131
171
11
9 Vs
i
17%
106%
*106
31
38
16
111
Mar
32
25
Household Finance
4,100
17,500
19,000
73%
•31%
> 1
:
11
8%
JUn
6.1% Dec
17
U7% Jan
26
;
■
6,700
400
.:
Sales for
13
31%
37%
8%
30%
10%
98%
«
r>»i/
■
26 Va Jan
26
29% Feb
the Week
13
3iy2
36%
31
30%
11 Vs
36%
•
*72%
31%-
31 'A
98 Va
37%
*96
10%
*97
Dec
Dec
30%
Jan
33
35% Jan 17,
j ;
103% Jan ; 4>;
100
V Houdaille-Hershey
600
.
"
34
V4
31
*97
U
9%
t per share
»
16%
205%
Mar
Jan 23
oel/Ylt.u
26
32% Jan
,
Friday
171
10%
88%
39
i
Feb
121
Holly 8ugar Corp
1,400
Mar. 22
98
31%
109%
199%
■
19%
8%-
40%,:
73
*97
12%
16%
16%
12%
100
Oct
1
Hollander & Sons
11,500
30
34%
*12
.
10%
■
14
>12%
preferred^/
Dec
55 Va
:
5% Mar
82
Dec
86
,28Vb Jan
r
25
.
Oct
108% Mar
30% Jan 28 >,! 14% Mar
58
Jan
78% Jan 28
4
102
Homestake Mining-
' • 200
-
37 Va
•.
$ per share
117
*46%
2,200
-
'Z
.
'52
9%
131
199%
:
;'
106 Vt
87%
199%
500
-263%'
*51
,
17%
*108.
2
Jan
Jan
Nov
-
ft x35 S Dec
22% ■ Jan ;
Jan
,104 V*
13% Jan 25
A«
Hires Co (C E) The
Holland Furnace (Del)
(
i
-2,400
112
•
18
87
10%
■
*
47
109%
.
,
Mar. 21
85
>19%
;
52
108
26
HInde & Dauch Paper Co
v-
TOO:
3,900
85
26
Thursday
17%
*116
25
26
.1
25
;.
5%
preferred
Hershey Chocolate
conv preferred.
-'Hewitt Rubber Corp
1,000
32
,85-
51 Va ;
18%
>
.'1
58%
32
*110 V4
84%
131
75
Jan
52 V* Jan
z
:
'
>12%
:: 30 V4
*168
117.
;
,26%?
30 Vs
*106
-
-
83%
26
83%
131
19%
47
: *108
106 y4
31
Feb
100
Co
fr $4
1,600
v
*577/a
Vs
*18%
Z
16
STOCKS
32> >'■>
z
16
Feb
64
May;;
175
161% Mar
'
'
72 Va
29%
18%
115%
>'
*
24
32
8%
V
a0V4
34%
>: 31%
171
25%
23%
•
57 % :
30%
98
Jan
12 V4 Jan
_15
non-cum
•
■'.
37
W)
PRICES
.*97
155
'
Hercules Powder
200
i
-
30%
24 %
29%
72%
17%
131
'
;
8%;;.; 'IV 8%
Wednesday -If
>
*168
25
37%
34%
84,
170
il? 1
51%
V, 37,Va
29%
>
SALE
30%
13
65%
9%
38%
*39^t
;
:
82 Va
*106
133
40 V4
31
32,V
18 %
Mar, 20
34%
18%
-
-
>it
36%
51%
9%
$ per share
72%
98
»-31 >7
13 Vs
*168;
47
108%
;>>
30%
18%
82%
*106
11%
:>
*45%
'*71%
13
18%'
106%
*131
•
*39%"
34%
73%
32
-81%
;
HIGH
per share
29%
17%
81
*106
;%/' 29%
ZV; ■' 8%
38 Va
23
Hercules Motors
2,300
*64%
*30
18%
20
29% /
-
'
•; *oo%
10%
-
; $
40 >
35%
99
*30
d\
1
;
*30%.
25%
83%
.
.
51%
"t
105% Jan
Refrac_
preferred
(G
' 7%
.—
v 2,300
■
*35%'1
*110%. 112
>;
85
9%
21% Deo
69% NOV'
39 Va
'
■
51%
31%:
26
'
/
3
36;
Z Mar 13
111 Va Feb
i
83 Va
144% 1
.:-
31
•;/ 57%
♦19
Mar. 19
t per share
>
.;;/.24,:;,
,51%
•
38% Z
AND
3%%
Helme
140
•Y
v
65 %
;
25%
22
Hecht Co.
'•
Tn.w
28% Feb
Glass
Hazel-Atlas
700-
*81
»•'-4
•
32
30%
51%
■'.1
112 v
Z-.
.
8%
'
.%$
36%
32
Tuesday
Mar. 16
$ per share
72%
9%
21
/
<
143"
35% Feb
nm/
* HayeS Mfg Corp
;
1,600
,
135
*36
>57%:r;>
,
t *83%
26 Va
.
-
38%
8%
83 %
50%
:
.
;
20%"
.
*56%
:
61%
.28
*
1 ■■ 4%'% preferred (modified)
M Hayes Industries Inc—
100
30
*25
25%
*110%
:
112
9,900
220
191
♦138
'
60
760
..34%/: 34%-
83%
>
"4,800
85 '
'133%'
140
*65
:
*31:
25%'
50%;
10%
;
-
z;,
.31
Feb
88
22% Jan V 3
71
Mar 18
preferred
1
24
*55%
M
1
110
v:k *185
.
700
'
37 %>
-•
'
m*r wis,29%
51%
65.
*25
Z
>.
143
,*30%
31%
51%
24
:,::26y>>
9%
*
•'
25%
31""" /
.*110
83%;-:., :.v
83%
50%.
:.-•<>
>
:
■112
24%
;' V
t':
,
>
Jan
V
*/:»$
>
*25
■:•>:'•
31%
83
...
...
■
31
*110
/
.
50%
20%
,>
•
10%
1
57%
,
31%.
112 >
31:;: <31
64
•
Jan
Aug
28%
:
Mar 22
•;
14 > 110>Jan
10% Feb 25
/Hart, Schaffner & Marx
; Hat Oorp of Amftr ciass A
2,500
.
;
*29 V*
;.
36rp.:y ':
36
,
•i65
>
31
50%
» 23%
•
*
31
ZSfc'YV
",37
33
131
143
...
.29.%;,;:
6%
130
*108%
:
Feb
42
rt+.
Harbison-Walk
2,700
13% : v/
*83
191
*81 Vi
:
144%
29.
35%
64
.
/W *185
83%
*143-
:
.
51
.
25
31
50%
23%
*110
*19
25
30%
.
*35
>;>;3i>-:
63%
37%
85
:
33 Va
33%; V ,1 32%
;%"iv i 127% 127%;-;/ t 130 ,■/.
*138
:
139:*137% 139
144%
186
i, 79
30% Feb 26 ;
91% Feb
tfannh (M A) Cd $4.25 pfd
14%
12%
109 Va
*83%
.
29%
35%'
31
63
*24
;;
:
,31
62
37%
109%"
.
•
33.
:>
-35
r
-48
16
28
•
"
13%
103
/ 129
37%
109%.;;,
,
Mar '7
Feb 25 /
108% Jan
Hamilton Watch Oo,__—
4.% conv. preferred—
1,200
46%
13%
132',/
132
86 Vs
*185
*T_,.
700
25 V*
; i4
124 V2
83%
*142%
'
37%
*83
,
;;
.
132
109%
84
63% Jan
34% Jan
.
—2» 57% Feb 26 63% Feb 16 49% Jan
V
Mi,.
109 Va>
103 > ;:v *102
"14% >4%
13 >f"
12%
;.p
13.
14
65
77
JUcltexMa'e^ water
Hail p^ting Co
___
v
31%
' 45%
.
.
13%
*102
14%,;/;
;
12%
*130
109 y«
*82
•
141%
29
-
*137
84
141%
•/,
X32%
>
138%
*81
.
•••
:
*83%
:*185
•
122 Va
Z/y,
37%
•
109%
.
33%
121
*140
;>> 37
y
83%
.191 •■-%:
132
,-'••
-
26
172>:Jan
"
27
-
^
23
25%
'' ;
45
*13%
103
•z14
14%
13% '
■
*129
.•
36%
120
*136%
*<79%
Z
109 %
83%
z.Z
.1
33%
120
129
C ..*109
.
84 Va
191
*185
14%
'» 12%
36
111 %'
84%
,
14%
-13%
Green
*156:. -rjL*- r;
■
'
»
:>■-
14%
3i%
*107%
:
44%
13%".
♦102
"
—
Greyhound Corp (The).
'
4 % % preferred
:
Grumman Aircraft Corp
Guantanamo Sugar common.——1
' S5 conv preferred
No par'
Gulf Mobile & Ohio Rtt.
-No par
*
$5 -preferred—par
V: Gulf Oil Corp_
•>>*111% 113% >
109%
25%
!
—
West RR.
(H L) Co Inc
t
'
25%
*156
43
»
»
f
500
8,900
••>11/
22%
*111%
-
•
37
lit/.
23
*107%
'
13%
103
31%
*22%
.4,100
61%
*35%
109%
25
44%
•
102%
31%
/
2,100
390
:
73
...61%
S'.V
*
z
97
*71%
-
9,900
llVa
25"
37
113%
♦156
44%
13%
103
31%
*22%
*35%
*111%
25%
44%':;/
*43%
■;>''31%.
;; 'v:
23
'3
Feb
30
■
—
48%
,
^
37;%:/:
.
*107%;
*156
•
31%
22%
109%
24
*13 ' •>
» 31%
:
>*111% 113% >
*156
*102%
,
Jan
17
54% Feb
par
No par
,__100
10,700 z
i
46 Va
24%
22%
>"
112%
*107%
»
*31%
•
Preferred
,
1,400
34%%
*V
*36
*31%
pfd__No
Western Sugar—
Green Bay &
-86
U»
24%
V
*
Great
12
;• 3414
95%
25
■.
186
►
48%
;
10%
24%
73/;// W&W/
25
»Vl,600
;>;
60
*109',4
95
*71 '■>
■
186 '
*65%
:;.34%
93 Va
1 24'%
Great Northern Ry 6%
8,700
,
;
Prop___No par
Ore
'
34
*108
93%
30%
Great Nor Iron
>
2,500
'
•" '
.
*35%
>
61
34%
48
,
11%
95 ' Z
58%,,
30%
*65% '■"75;'•//.:
*85
j 86
85%
85%
48%
>•'•11.,%
25
24%
71 > >71,"/:
184 '<•: 184
75:--%;
:/>V34%,
18%
58
:
'
z
Z- *108
95
.
72
60%
85% /
34%
*108
49%
10%
.
85%
'
*108
■!
94%
•
>
46
•ill ' Feb
106
Goodyear Tire & RubD
$5 convertible preferred
21%
21%
Z'V35%'; 36 >4
Z
18%
•
185
Z75/./V ";'*65%
*65%
85%
33% ...34%
>
v.34 >'
.
*108
>:
19 V
>
$ per
~
7,400
'
108%
58
'
;
3
26
Highest
•
,
$ per share
'
21Va
;io8%
19
57%
57%
30% :
30%
30%
182
;-75;>v.
*65%
,
v,
2
6
'2
new
preferred
%
Gold
300
"
39%
■
36%
'
■«'
v
10
40% Jan
Lowest
'
18%
:
39% Feb
130% Jan
103 4 Jan
Goodall-Sanford Inc
*
68
V
35%
*
par
u..
;
9%
35%
34%
at
111
*39
,
12%';.
;
v
par
Brothers
$4.50
4 Va
2,000
3,900
103 Vz
9%
34
110
No
preferred..^ .—m+-No
conv
14
Mar 22
36% Mar
36% Feb
preferred
Safety Razor.
$ per share
:■
;108
Jan 22
,37% Feb 26
CO.
Rubber
&
Jan
115
fGoebel Brewing Co_
20
..
38%
103%
67 %
*
12 Va
9%
;•
34
•
,121%.
>34%'
112
38
Tife
Glidden
6,100
145
80%
*103%
/:
; 700
:
6%
104 Va
78%
104
29
.
*
preferred
Gimbel
>3,400
57
38
108%
38 %
;
.
67%
77%
41%
145
37%
78%
%
21%.
41%
145
67%
9%
34
34%.
;
112
6%
104%
104
$5
19,800
x/yy' 300
105
*54%
6%
,37%
'
4%%
Gillette
;
>:y,
"
Gen Time Instrument Corp
>100
58
*103%
>
,
78%
12%
9%
*31%
54%
56,.;
"145
37%
70
*
20
-
$ per share
:
Corpf_
Year 1945
Highest
"
66%
38%
12% '
■■
34
147
i
Telephone
4% %
105%
41% ;
■
General
35
*105
54%
6 Va
.
6%"
2,400
.
112
.
34%.
40% ■'
51
37
112
:
*104%
79%
105
*38
r-:
38
105
r»
42 Va
52
*103%
4l%
*144
147
37%.
37%
105
General
110%
34%
105
50
54 /■'
6%
■SJ
•i
*104%
40%
,
6%;
*144
147
37%
*104
,
55%
6%
34%:
49%
.,*103%
41%
6%
6%
47%
104%
41%>
57
6%
6%
*143%
'"z
55%
40%:
.
48% Z
47% '
112
*109
•
1051/4 -105%
105%
45%
46%
112
33%
34%
.♦104% 105
34%
'
Lowest
General Shoe Corp
Gen Steel Cast $6 preferred
430
12,100
;,4" 1,300
.19,200
39%
41',a
41 ta
Range Since January 1
,
1,000
,
38%
*108%
.
110%/
40%
%'■
116
38%
Range for Previous
STOCK
YORK
....EXCHANGE
Shares.
36%
%5
38%
,
*108%
36 Va
1
117%
38%
the Week
$nershare
37
36%
-
NEW
Sales for
Mar. 33
$ per share
118% 119
37%
38%
119
Friday
Mar. 21.
36
37%
39%
STOCKS
Thursday
.
$ per share
'118%,
38%
39%
39%
Mar. 20
36:;
•
118%.
38
38
PRICES
Wednesday
j
$ per share
share
*35 %
36 ;V
SALE
Mar. 19
$ per
share
36
HIGH
Tuesday
Mar. 18
Mar. 16
$ per
AND
Monday
Saturday
RECORD
7u."l",
,
i
Volume1 163
i,»v. i-
NEW YORK STOCK RECORD
LOW
•■''Monday
Saturday
Mar. lGvv;
$ per share
'
19
19%
52
*147/;/ 149%
;
134%, 136
'53
•136
//
115%
55
"
"115
'125
129
148
56
'115:
150
'125
43%
150
44%
'101%
102%
136
'131-
134
27
r
27%
:
?
27%
;
27%
112%,
148
150
153
138%
139
137
54
56
"V
:
115%
115%
*115
*141
160
*141
V
43%
44%
102%
102 J/n
133
*131
129
•
',.
.133
129
28
28
-
28
29%
30%
100
28%
"•
200
400
Joy Mfg
31
112% Mar 22
Feb
26
154
14
15
140
'Mar 20
Feb
25
40
Mar 13
2
Nov
Dec
79
Mar 13
4
24% Mar 14
31% Jan
10
Dec
140
Nov
Dec
Nov
46%
Jan
27 Va
6
8
61
116
Jan
90
53% Feb
120
,1
—
150
109
107% Feb
160
Feb
100% Jan
-100
^100
Jan
Sep
31'.
58% Jan
115% Feb
Dec
137%
118% Aug
5
Jan,-2
Mar
53
Nov
47
114% May
145
Nov
Jan
101
2
114
A
Jan
109% Aug
141% Jan 16
134% Mar 12
Johnson
Co
Feb
22% Dec
Nov
343A
17
Jan
3
52
Highest
£ per share
share
19%
24% Jan
26
31
138
pref series A_.__
pref series B conv
*5%
3,400
!
$ per
$ per share
46% Jan
2nd preferred ser
5%
>
Lowest
109% Jan
Joliet & Chicago RR stamped__100
Jones & Laughlln Steel
No par
,
14,600
//!/
//'?.;
134
28
27%
.V
;
*102 ft 104
/
Johnson- &
4%
44% t
44%
102%
28
800
,
18% Feb
(F L) Co_
;:;./:3%fo preferred
1,100
Range Slnod January 1
Lowest
Highest
$ per share
; 4% % preferred
Johns Manville Corp
1,300
.
v
160
43%
43%
*101%
./
:
'
Tea Co lliu.
70
115% >
V-.
140
1401
*115
V"
../.ft..
/
55%
*53
'54
;
Jacobs
200
•51%
112%
Range for Previous
Year 194fi
.
STOCK
Par
: 6,ooo
51%
52%
147%
/. 137
ft, 136 Z;
.
*54
*115
'132
ft
r
115%
102%;
44%
/
-136
'
ft
;/i02JA
43%
148
/
18%
18%
18%
.
*111
ill:
YORK
EXCHANGE
Shares
$ per share
112%
*51%
52%
1U:
.
18%
19:;
*51
137
■55
'125
129
'
27
'132
115%
102
18%
19%
51
/;/
$ per share
NEW
the Week
Mar/1; 2
Mar. Itl
$ per share
Sales for
Friday
Thursday
•'•;Wednesday
,•/.:■■■. Mar. 20
148
>
55
STOCKS
PRICES
V*■
1.112%
148
'U5
43%
.■
'100%
'•
136
://55'/V
150
•:/ .43
19;
51
/'111
'Ill
146
144 %
>
52%
112%
112%
SALE
Sper share
19%
■'
'51
,
HIGH
M* r
hi
Mar. 19
$ per share
19
.
*50 V2
nil
AND
Tuesday ;
>
Mar. 18
Mar
105
91 >A
Jan
139
19 %e
Jan
:
30% May
'•<1.
*29%
30%: /
/./ 'H9
25%
120
-25%
'
'58
60
'36
/\
;
'
37
22%
30%
24
51%'
r
%
v
'88
90
37%
r
38
*14
In
24 '/•«
51%
'36%
38
*36%
61
•60-
16
:M5%,
90%
90
38%
39
•
,
38%
no/;
37%
|
«
*14%
37%
16 '
•36%
*60
16
16%
89%
90
9Q
'p:7. /ft 39 *
39-
37%
r*
38
JO
o i V4
16
*14%
»*
47%
48%
56%
56
56%
•
'
37%
J 174
*15
•}
38
JO
48%
47%
56%
34
57
Feb
25
Jan
9
35 '
j—5
Feb
27
40% Feb
16
26% Feb
Mar;
2
Jan
3
3
38
32% Jan
68% Jan
57
Dec
Nov
107% Feb
15
28
8
107
Aug
31
26
Mar
29
8% Apr
Mar 19
35 3A July
Mar 21
37
42
33 y« Jan
7
39 !A Jan
Kresge Dept Stores.
Kress (S H) & Co
14% Mar
7.
18% Jan
3
/, 49
Kroger Grocery & Bak
44% Jan >3
57
Kresge (S S)
3,200
6,100
Co-„
Jan
44
19
96% Dec
40'A Deo
Aug
Jan
110% Jan
f
Deo
Nov
67
Jan
8%
72% May
6
34% Feb .26
Co Inp_
preferred
,
38% Jan
14
4
2,500
'tWa/£1S
,
Dec
35
35% Dec
18% Jan
Jan
Jan 30
58 Vi Mar 13
Corp
31
51
22% Mar
58% Feb
Jan
Jan
35%
22
48
r
28
93 % Feb
4%%
Jan
22%
34% Jan 29
30 ! Jan
29% Feb
18% Jan 29
Koppers
Mar
31% Dec
67
Dec
38
Dec
18%
15% Feb 26
30
Dec
31%
124
Jan
:
4
65
fad'% Feb -26
.
57
m
/ 56%
13
$5 prior preferred
2,400
4
117
29
Kinney (G R) Co....
%
"
15%
47%
16
48%
'
38%
20
3
32% Jan
60
i
109'A
Kimberly-Clark
15
122% Jan
21% Feb 26
—1.
i
& Co new
34'AJan
10
1,000
•
.
38%
37%
» v»
37%
300
109%
:
-
110 /
*14%
49.;
tr-
39
*109%
\
100
Z
Depti Stores
26
Jan
24% Mar 13
119
ser
Kelsey Hayes Wh'l conv ol A——1
■'/ Class B
:
—1
Kennecott Copper
No par
Keystone Steel & Wire Co—No par
1,200
62 %
4%
Kaufmann
13,300
38
62%
16-
89
110
>
no
16
*14%
15%
38%
/
37%
'h
*14%
& s*;
/
<
;
of
Jan
Jan
28% Feb
10
B_-.„No par
City Southern——No par
non-cum preferred———100
Kayser (Julius)
700
54%
36%
/;
200
-ft
24
Kan City P & L
Kansas
1,100
*
23%
>
54%
.
.
'
36%
.
90
*89
*109% 110
37%
■
30%
54
24
■
=
..
*60%
/f *15%
62%
61
16%
24
52%
62
30%
29%
38
*15%"
ft
29%
,
& Furn
Kalamazoo Stove
/ft 10
;2,800
200
r
37% /
22%
37%
22%
500
r
.
22%
37%
•:. 22%
53%
ft'
24.//
•59%
*36%
..
25%
•25%
62
*59
30%
120
*119
25%;.
25%
/
/
53
/V 30%
•
*109%
11
£*'
25%/
62 ///
38
•4 22%
/ 38%
•
*59
*36
30%
;:/
*119 ft. 120
?4 '«
52%
..
•/
88%
37%
'
/;■ go
88%
:
110 /
36%
31
v.:
22%
30%
24 ft>:
*
*15%
■
*109%
'30
30%,
120
/;
24%
23
24
eo
16
*119
37%
;vf 22%
53% •'
*36% / 37% v
60 ..;//' 60/'/
*15%
'36 /
V 52%
52%
*36% ,37%
J
24
.
.
/
30%; /
:
'*29%
'29%
30%.
'119// 120 /;
25%
*59 "
62
y'v.'/V 25 ■.//'
22%
30%
„
24
37.
22%
.
U *30
ft
/, :/
120
25% 25%
.59'' , /59,>,/
..
38
22
.
ft
30 -J/ 30
>120 /
;
Mar
112
35% Nov
,17% Oct
*49% Nov
50% Oct
Jan
■rv
.
■
'
7%
53%
1
44
•68
71
14%
-
-
1c.
71
1/17/..
7%
1
54%
*42
.
i4«/
.
.7%
44' v"1
:
600
400
8,800
59%
26%
34%
63%
13%
53%/%
27 ' 1
i
35
36
53%-
64%
-
// 64%
13%.
'32
53%//54%
'
65%
ir
90
13%
31'A
33%
>
*88
88
65.
•;^64%',:.64%'%:;/:-;f
;.*32%
204
36%
; /
-
90
.
-
88%
89%
56
56
.-,72
J>73
' 26% ' 26%
' 36% '
37.
64%/ 64% /
t
7g
-
'-
■■
aeni;.
rn
.
*60%
y.i/.n..:
i/
61%
116%
36%'
/68%
/•/
78
'//- 28%
*29%
62%
63%
23
31%
23
189
•
23
,
'
40 *
40%
36%
36%
69%/.';{ft& 69%
71
31%:': ":// 31%
,
29%
191 ' v
29"%
30
65
23
23%
'
24%
V"
"
23 lA
23%
22%
>
:
85
36
70%
,
-32%
,
Jun
5%
Dec
5"% Jan
61
/
r
•
20%
6
*
101
Jan
100
Jan
101% Oct
181
32
Mar
8
58
66.
Feb
13
35
Jan
14
47% Jan
41% Jan
19% . Jan
29 Vi, Jan
.
27% Feb 26
Preferred
3
2
"par
Feb 26
43% Jan 29
118% Feb 21
•34% Jan ' 3
,•
116
J.00
3
39%Feb
72
Corp—^—No par
Long Bell Lumber A—^—No pat >
/ 64
Jan
3
25
Feb
25
Loose-Wiles
; 70% Jan
3
Lone Star Cement
Biscuit--
—'
Lorillard tP) Cq,
./: 7% preferred.
Louisville GaS & El A
180
800
28
;
Steel
Lukens
6,
6,800
31% Jan
? 26% Feb 26
186- : Feb 27
-10
100*
Jan
28
32% Jan
/
17% Jan
Co.
72% Feb
6
30% Jan 14
3
42%
Dec
Oct
74
X32% Nov
Dec
190
Jan
23%
17
Dec
32%
/
18% Jan
166
Nov
37% Dec
66"% Oct
15% Jan
Feb
18
/
3
40
40 Va
,
195% Jan 30 /
61% Mar 13
Louisville & Nashville.
2,700
32% Mar 22
'"Mar 22
/ 60
Dec
36% Dec
Jan
50
2
89
-
Dec
Dec
;•
25
4/
Feb
50
; 84%
19% Jan
Ve Aug
45% Jan 14
33% Jan'
Inc
Dec
198
Jan
7
Jan
Jan
Dec
Oct
Jan
-Feb
35% Feb 26
.
33 %
78
60
4
Loews
,
Nov
13% 'Dec
68
1
78
88
"
Lqckpeed Aircraft Corp.
'
'•
33 -i Deo
28
68%'Mar 13
47
Link Belt Co—:
.9,800
27% Nov
35% Dec
Jan
51% Jan
7% Jan
-103% Jan 24
'206
Mar 22
86% Mar 15
54% Dec
17% Jan
37% Jan 21;
Mar 13
Marl3
86
Dec
60
Jan
36*% Jan
28
14% Feb
3
Dec.
Mar 18
29
9 >
194% Jan
Liquid Carbonic. Corp——;—No
• 1,900
• 6,800
2,700
:
35%
59% Jan 18
23,200
-
2Ve Mar
61% Mar 191
; 14,500,
89
29
:
15
74% Jan
Lion Oil Refining Co
600
>29%, 29%,
-,*192195
4
30
30
v
*65%
66
23 Va.
23
23%
f
17%
17% Jan 28
11% Jan
Preferred
1,100
'40% >
36% /£i/.
71%
32%
■
86%
.
29%
30%.
193*
193
■
*30
30%
" 64% ,65%
'23%
23
23%
>191
30
65
30
%
32%
83%
3Qi
,
191"
;
,
71
39%
•••
Dec
62% Mar 15
31
2,600
r
.
38% /'/>
*117% U7'%
38%
y8 Jan
6% Jan
44.-
;
1,200:
33% "34
*
~
82
"
65
36%
•/
•
64
Z
72
17%
Jan 15
38% Mar 22
;
Oct
Jan
Jan
30% Feb 26
'
,
>; 63% Dec
Oct
12
Jan ' 3
"
1,100
/■
.
Dec
47
Lily Tulip Cup Corp.
Lima Locomotive Wks
V90
1,300
"
40%
37 /'•„/;./
' 40%
31%. •/;.}:• VI- 31v;/
/ 82
81
-
64%
64--
.
37%
*189
>' 30
.
64 T
"
lV
73
v
20
26% Jan
54 Va
:
Liggett A Myers Tobacco.
V Series H-
4,809
•
3
56% Feb 27
Life Savers Corp new
700
3
49 % Feb
Libbsy Owens Ford Glass
Llbby McNeill & Libby
1,200
>
/
•;.
C
58
■
73.,,
37%
41%
29%"
•57
; 63
63
63ya
32%
// 32% 34 y
Z-37%//./■/ 37%
38
*116% IIP
*116% 117%
.
T
206 ,206
74
*32%
,
94%
.
94%, 95%
:,
/
63
;
v.
32%/,//
38%-/
79%
;
31
63
'
.
74
31%
•
.,:/i^;'79-%
ft 28%/ : 29'A
:/-/•;■
/-/ 189
;; 3i
193
73
•
57
36%
69%
69%,
31%
62
'..
57
40
:
: 79
28%
*189
'
94%
.
56
33%
32%
.
55%
"/ ?3
73
117%. 117%
37 %
;/69%,
78'
■
/
37%
41%
/
36%
■3
68%:;;
31.//:i//f
/ 30
f.
41
Z
:.:
62
X31%
32 /./;
37%
*115% 117%
41%
36%
ifc
■'* 61%
37%,
117,
56
73
73"
-
,,
...
31%.
40 %
.
73,,"'
,
61 %
31 y8,3iy#
,
.'.*36...37 -•/--
:.
■
Z 55%.
Z 72 t
-4,900
./// 12,600
13%
13%
.'
of deposit.
(The)—.
Lehn St Fink Prod Corp
Lerner Stores Corp (new)
1,200
Jan
6
Feb
Dec
48% Dec
39%
17'A Jan 28
46
Feb 16
4 «/e Mar 15
49% Jan .' 3 ;
Lehihan Corp
' 5,600
63%/64%
.
26%
38'A
preferred
conv
'
7
39% Jan
/ 12
//
"v,/Preferred ctfs
! .1,800
26%
4%^
-
10,400
.
37%
•'
-
'
,
■
,60
-'-13%;>v/7* 13%
13%.%///.
33
'
*32%
33%
;94
9.4'// 94%
92%
94%Z/'//
94a/4 ,95% A
205 7 ./ 205
205
92%
90
'
.
13% / ://; 13%
32% /./;/'/ 33
90
93%
204
55
27
/ 60%
/53%; 54% ;
;
*53% /54% / /
53%
35%
13%;.
33%
88
53%
27'
36%
36/
65 ;
13%
60V8 ' 61
60%
>27%
*27
/
w
86%
86%
/
27
53%,
27 fet
34%;
/*
Jan
24%. Sep
74% Mar 22
Mar is
14-'
Lehigh Portland Cement.
Lehigh Valley RR_
Lehigh Valley Coai
5,700
:
31%
6
7%
Apr
14
.
79
26
Lehigh, Coal & Navigation Co
2,800
.
5
Feb
65
.
4%
Jan
59
4
61% Jan
Lee Rubber & Tire
-8,400'
9% Jan 24
48% Feb
2
7
Co
Bryant.
A 4% % Preferred
23,300
53%
6% Jan
> 43% Jan
/ 37
Jan
Light
Lane
1,800
71%
jttf
Gas
Lambert Co (The)
1,400
73
:/"
; 70%
iw
Laclede
25,900
54%.
',' 73
..
■'3!^?'.,'a.4/,
e
V,
54%
43%
54%
'42%
43%
70% '70ya
70 ;■■/ 7Q
71
Z.'1!
1 <17/_
7%
' 8
54%
43%
71
:
:/ 71
*69%
.
*68
»
7%'
53%
•
'
1i3/.'
4' *
1434
.
44
70%/: 71%
'
72
•/•' *71%
53 /
.*42
7%
-
7%
53
54
•42
1
7V«
1
7%
Nov
31
Jan
*
Mar
68
Dec
13% Aug
20
Dec
52
*iV-1 •;
d"/':////H://./////;//■:/,-■
"
prtirva
&ALE PRICES fs
LOW AND HIGH
STOCKS
Range for
•
Mar. 16
Mar. 18
.
S per share
S per
39%
,
•158%
46>/a
47
*33
>
*110
'
20%
•
20%
" 40
9%
'
;
'
30%/
/;
//
111%,,111%
"
*48%
58
114
36%
*36%
62
62
/
>
*48%
48%
48
28
••
1
24%
63
'
24
'
*71 %
75
77
see
'/.-.''ft
ft
118
58%
58%
58%
35%
35 V8
35%
>35%
115%
115%
115%
115%
/' /
ft'
35%
115
6,900
..
57%.
:
58% ft'-
64
63
63
63
63
63
\ 4,100
>
•
270
63
48%
*108
48%
'
29%
120
26
24%;
105%
*49
108
;
75Va
♦46
54
U10%
1588.
24%
105%
25%
'
109 V
;
/ ' 48%
*107 1
29%
*116
*24%
24%
106
*105%
48 Va
48%
.
109
.
'
29%
120
26
24%
106
108
,
49%
108%
108%
29%
119
*24%
24%
106
*1061/2
30%
.'•ft
31 '
120
•:
*25i/4
24%
106
108
24%
105 Va
*106%
60
8,600
200
108
50%
50%
50%;
26%
25%
26
77
77%
*76%
*46
47%
47%
50
50%
25%
54%
112
47%
*54
*110%
77
47%
54%
112
55
*110%
Department
$3.75
Stores——,—,—-5
£3
✓
700
9,200
ft
80
——No par
No par
preferred
£6 1st cum preferred
McCall
Cprp—
—•
McCrory Stores Corp
1
3% % conv. preferred—"——100;
55
1,12
56-56
112 /
112
50'/a, Feb 26 ft.
500
300
600
40
Jun
/ 14
Jan
24
Jan
'
ft
48 '
Feb
Jan
112
preferred
McLellan
5%
Stores
.
33% Mar
Melville Shoe Corp.
sm
(Thei¬
43
31
Feb 25
Jan
22% Mar 14
32%
Dec
39%
Dec
Jan
7%
Dec
7% Mar
11%
Dec
18%
Jan
3%
'
15 Va
18
109
Apr
Vi Jan
Sep
■
42%
Dec
Oct.
111
Jan
46%
Dec
gy8 Mar
C
24%
Jun
21%
Mar
40
27% Jan
63%
Dec
48
Nov
33l/a
Dec
22% Aug
176y2 Jan
34Va July
195
53%
104% Sep
109 Va
Nov
16%
•
Dec
Dec
:,
.
8% Jan
May
40% Jan
55
Oct
Aug
,114
Sep
110
14
16
30
27 %,
Jan
193/4 Jan
./ 55%
Dec
32% Dec
15
30% Jan
43
Nov
Feb
16
19% Jan
36
Dec
10
52
Jan
70 Va Dec
4
24
Apr
41%
Dec
> 108% Mar 21
104
Sep
109 V4
Nov
53
Feb
31% Mar 22
!
26 -/
103% Mar 13
103
.
Nov
13 Ys
Jan
Dec
27
119
Dec
Feb
2
109% Jan
29% Jan
17
171/8 Jan
26 V4 Jan
28
12% Mar
5
98% Jan
109%
120
108
Mar
107 Va Jan
30 Ve
Dec
25
Dec
Oct
19
94
Jan
108%
Oct
51
Jan
16
35
Jan
47%
Dec
29
Jan
16
14% Mar
29%
Nov
87
Nov
70
Feb
26
Jan
16
54% Jan
87 ya
preferred-
"Mln Trans Co—
38
Jan
2
49% Feb
15
33 Va Mar
45%, May
5iya Feb 26
60 Va Jan
9
conv
Merch &
17
15%
Jan
24 / Feb 25
19% Feb
preferred series A..
$5.50 pfd ser B w w—
Mengel Co
Jan
6
Dec
Oct -
525
41 >/a Jan
25% Jan t 3
116
:
10
Nov
38 ;.
2
10
9
15
Nov
69
1
22
Mar 14./
41% Jan
/Van
Co.
$S
/: 62% Feb
ft/37% Jan
Jan2
106
preferred
Mead Corp
''
Mar
109% Jan 14 ;/ 116% Jan
"
Mfg. Co.
7
Jan
51% Jan
118
> 50.;- Jan " 4
> 28
-
-
16
26
.
Mar 14
60% Mar 22
■■.
: 25%
Mar
7% May
Jan 25
111% Mar
108% Jan 12
McKesson & Robbins lnc__
$4
200
8
-ft); 13:% Feb 26
No par
1st
*
47%
ft
——No par
nreferred-
Maytag Cq_—
1
25%
*75
May
McQuay-Norris
24%
50%
"16%
26
Jan
195
—100
preferred
Mclntyre Porcupine Mines.
>,300
106
25%
75%
7%
61
100
16% Feb
/; 34
;
17
Dec
52
110%
106% Jan
:
30% Mar 16
,
j
Dec
————
31% Jan
26
49%
Feb"
McGraw-Hill Pub Co
1,800
—
25%
47
Z: 12%
McGraw Elec Co
500
31%
50%
7
Dec
' May
72
425
1,800
110
*120%
26
Feb
39
155
/ 31% Jan
20
38
2
x22% Feb 25
1,000
,
48% /ft;/
48%
*107%
20
1,000
j
38
111%
page
48%
*115
37i/4
55
footnotes
___
35% -'36
47%
For
49%
115
10
Feb
..
3,500
ft/ft240
>.•••' 1,400
48%/':;; ;/; / 300
58%
114
800
13%
36
>106
?:
1,500
vZ;
:•>
111%
13%
37%
■
*54
Ill
60%
*110%
37y4.
*24%
*47
-
115
59
r
13%
35%
*28%
46%
.1M&1
48%
/
/ 118
59
110%'
v
36%
25y8
75
13%
34%
114
*116
54%
46%
110%
30% ' •30%
ft- A/ -
8,500
.
/.
.
Jan
—
*200
37%
50%
24%
///
r
58%
/it
37%
"ft
37
106%
*49.'
•
58%
j*
*36
105
-
:50
■ft-
•)/;:
26%
37
,
30%
30%
•
44%,/Vv.>13,000
37
29
106%
24%
*49%
ft"
/*
58%
13%
-,;.-./ 9,200
'
29% Jan
51
111
Maiacaibo Oil Exploration
18,400
1,000
;
25%
ft58%
37;ft/ft/ft
65.% Feb 26
Jan
Jan
473A Jan
28 3A
147
157
26% Jan 14
19% Mar 13
—No par
5 ; ftv 36% Feb 26 / 44% Jan 15
■8
Jan 28
I"" ■/-. 0 f Mar 14 /ft
ft/11%. Feb ;/ 4
Marine Midland Corp.
5" ft;/ 9% Mar 13
20% Jan 23
Market St.Ry 6% prior pfd
10%, Mar 22 *
100
47% Mar 22
Marshall Field & po—r-^--rNo par
>/ 39
Feb 25
Feb 14
109 Vi Jan' 4 ' 112
4y4% preferred
.100
'
45*4 Feb
2
37% Feb 20
Martin (Glenn L) Co_
:
—1'
29 Va. Feb
6
20
Jan
2
Martln-'farry Corp——No par
;• 62% Jan
:52% Feb 26
10
Masonite ,Corp——-^-No par
45
Jan 29
> 34 (Feb 26
Master Elec Co_,
-i-l
34% Jan 30
28% Feb '26
Mathieson Alkali Wks___^--No par
100
f
115%
36%
'"ft
105
50
49
58%
111%
*115
:■
Sugar
Mandel Bros
Manhattan Shirt
2,100
,
43%
26%
*200
>13%
/
*112%
1151/8
5
;—No par
Manatl
900
,
/
/ft-
47%
37
26
25
47 •
36%
116
,
24%
24%
*113
;>■
48% Vv
28%
58%
46%
36%
//
30%
•■111%
34
ft
-17
>/' 58
36%;
30%
"
9%; 10
16%
16%
25%
ft
-
-
6%
42% Jan 22
Jan 11
76% Jan 30
27
36
Magma Copper--——
—10
Mahoning Coal RR Co—.—
.50
3,300
40%»
/ *63
ft.
:t
- • 109
*24%
52%
34
63
;
106
106%
*110
37%
58
36%
t
118
58%
ft-
v'.i>
37
106%
*105
*53
58%
114
116
26
'/
13%
*48%:
34 V:
ft;/// 48%
116
*24%
■13%
*115
36
28
*114
/
:
*113
v.; *106
/, 57%
»
43% : :,44
25%
23
6% /
Feb
154% Jan
/
100
Madison Square Garden—i—No par-
10,300
14%
22 %
1®
—
:
Mack Trucks Inc~
// (
45%,
.
per share
$ per share /
/ J per share
Macy (R H) Co Inc-^—No per: > 44% Feb 20
4 V* % pfd series A—'
108% Jan 18
100,
200
/;//-./^
f
Forbes
&
preferred^-
6,100
/
29
14
"
36
530 :
*39%
-.
MacAndrews
1,900
% /•;
17 • "
/
43%
$$■
30%/
' •
59%
*110%: 111%
52%
37%
109
*106
42%
25%
57
118
58
ft;/:
,/
58
37
•
10
:-
*500
6
9%.
*200
13%;
•ft
45 Va
: 'ft 58
111%/
37%
43% /
49
28
' /
'40
—.'6 %
*111 •;/, 116 ://,/!■/.* 112 V8
A
25%//:
57%
37
30%'
'
,
*200
» 33%
ft.
*36
X25
•
30%
58%
*115
34%
114
•
,
111%
Z' •/ 58 >/: >;/
33%
'
44%
45%/;
116
42//
■
t
'*13%
ft/
118
43%
58
-13%' / I
50%
>115
45
.25%
17^
■
*39
"
10
17%
!
/
110
•
*34%
30%
530
.
.
6%
>9%
17%
1
22%
39%
-
800
72
& 47%
110
.ft--1#-"-> 1421%
21%
14%
Highest
Lowest
,1
J per share
6%
/ 71%
35
r
29%
*500
6%
.
9%
*111
:
*200
":v
13%
44%
116 '
39
39%;
9%
-
*20%
22
*33
-
29%
13%
^
38
,
530
.
-
Shares
,
*158V4
111
*110
35-
" 29%
*500
-
£>/
—
f^^47%^ 47
111
*33
-
•
/ 1 Range Since January I;
Lowest
Highest
EXCHANGE
M
37%'
71%
46%
45%
*110
35%'
*158y4
^
/ 71
...
"
6% /;' 6%:
17
17%
30%
'
ftij.
V/: 57% / 57%
-
.
.
14%
/ *39
;
'■
47 Va
30%
21%
.
" 57% 57%" ''
*36%/37%
;
'
•
NEW YORK STOCK
the Week
$ per share
38%
38%
*158%
/■
530
,14%
J 6%
43%
;
*200
*34 //:'
*500
9%
17%
Mar. 22
t per share
38%
*37%
—
110
29%
25
37%
30'A
-•
44
57%
■
•
•111
"
37%
>/;
•
21
'•
-
24%'
*57
36 <
; 40 *
"
6%
/ft/43%./ 44'-\S,:^
>
Mar. 21
•
$ per share
,
38%
.72%
47%'-
14%
21
*39
1.
116
24%
71%
110
530
14%:
-
43%
*111
-
/[v. V
^*17Vi/173A'
"'■/-v'43 V,
v
47 *
30% i 30%
-/,':,.,.»6% ■/••:■ 6%
V% "■•'- 9%
*158%.
.
'•
111
,
*500
14%
*39
-
*34
30%
530
14 %
71
46%
ft
36
30
J
;
t
I
z;
Sales for
Friday
f<iit m1''!
38%"
V.
69%
ft ffi
-
111
*475
,
Mar. 29
,
$ per share
39%
*158% A
71%
'
*110
ft
,
Thursday
Wednesday
Mar. 19
«
share
*38
-L
"*69%
«
Tuesday/
>-•
//////|//:i|' /ZZ
)£ if'!* $1
*38
1
Monday
Previous
Year 1945
'
Saturday
"i*
1583
Number 4475
Mesta Machine Co_
Metropolltan Edison 3.90% pfd—100
108% Jan. 11
112
Mar 22
37
*' Jan
106% May
56•
111
Dec
~Junv-
,THE COMMERCIAL & FINANCIAL CHRONICLE
Tuesday
Mar. 18
$ persharo
$ per share
14%
15%
15%
33%
*83
*84
85%
85%
57%
'■/
85%
25%
26%
25%
26%
25%
26
59%
60%
60%
61
60%
61
112
*109%
*108%
110
109%
*109
111
45%
45%
112 fi"
*109
110 %
*108%
*110
115
*44%: 45
45
45
14%
14%
*109
112
110
109%
*108
*108%
••
112
110
*109
*110
45 y;
44%
45
14%
14%
14%
14%
; :
*122
32
32%
32%
32%
33
14
14%
14
14%
13%
14%
14
14%
13%
*122
130
130
Petroleum
Midland
Products
8%
14%
14%
5,800
Minn
Moline Power
$6.50
13%
13%
3,300
43%
42%
41%
43%
6,500
54%
53%
54
53 %
54
3,800
Mohawk
35%
35%
35%
35%
35%
35%
1,100
Mojud
35%
35%
*56
80%
114%
106 %
106%
106 %
106 %
106%
106%
82
,
'/>
28 ■>;
*25%
58%
*48
49
>,
28
29%
29%
51%
52 »
51
51% V,
■
50%
51%
16%
16%
*105%
108%
*45%
46%
/,
38
37%
*110%
16%
46
;>
37%
>
>
16%
16%
*105%
108%
37%
37%
111%
17%
18%
53%
*52 : :
*63
»; > *46
57
■;:i 53
53 •;•>
>, 66
*63
28%
28%
29%
/■ *29%
29%
f
51%
52
17% V 17%
-
53
53
<
64
*
53
37
37%
•
.111%
18
>
$3
53
>
*63% ::. 64
64
-i8%
53
1,700
64
:
100
„
Dec
8
128
Mar
7% Mar
Jan
124
22%
Jan
37
Dec
17% Jan 24
5%
Jan
16%
Jun
38% Feb
52
Jun
x45
25
-
Jan
23
16 y8
Jan
49%
Jan
52 Va
Dec
26
Nov
34%
Dec
25%
Jan
36
44% Feb
6
32% Jan
2
43% Jan
29
116
Jan
146
Mar 22
111%
Mar 11
116
Jan
8
111
112
Jan
116
Feb
26
113
par
29
Mar
1
72% Jan
111% Feb 21
86 V* Mar 22
13
3
Jan
29% Feb
.
21
62
Jan
29
53%
Jan
15
41
21%
26
34% Jan
16
28% Feb
26
33% Feb
6
44
25
1
Jan
105% Feb
50
Jan
32%
Oct
31%
47%
Dec
18 y8
Dec
Jan
6
9% Jan
97% Mar
6
22
Feb
41% Mar
22
18
109 y4 Nov
Jan
;; 43
Dec
Jun
v
115
Jan
1
114% Jan
3
Jan
Dec
> Dec
>33% Dec
; 54
Jan
16
4
61
Dec
61
Dec
Feb
:
2
16% Mar
Dec
24%
23% Mar
51
36% Mar 21
109% Feb
Jun
76
20
3
-
113
.
Mar
109% Feb
26
38 Va Jan
<
Apr
58% Feb 15
16% Feb 26
1
—No par
No par
119
'
Dec
56
y 25% Feb
Dec
Jun
July
54% Jan .,7
4
117
116
106% July
47% Jan
2
Dec
Jan
Sep
79%
47% Mar
—No par
8
Co
54 y2 Jan 19
2
Dec
36
2
—-—50
—No par
Wheel Corp
13% Dec
109 %
27
Motor Products Corp
115% Dec
12% Mar 13
Murphy Co
220
4,200
Mar
Feb
(G C) new—:
1
4% % preferred—
100
Murray Corp of America—
.10
4% • preferred -—————^..50
Myers iF E) & Bro
-No par
4,200
>'•'
112
•r-17%
■
114
112
1
22
Mullins Mfg Co class B
$7 preferred—
Munslngwear Inc
10
200
Oct
16
2
106
2,000
108
108% Aug
34% Jan
-No par
preferred series C
Brass
May
14
14
16% Feb
3
109
Jan
29 y8 Mar 13
Montgomery Ward & Co
No par
Moore-McCormack Lines Inc—.—10
Mueller
16
Dec
Mar
Jan
29% Jan
Preferred series B__——No
$4
Jan
Jan
Dec
63%
49% Jan
3
119
:
36
13
Aug
42% Mar
Mar 21
No par
Chemical Co
1,000
>1
Oct
9
No par
—10
preferred ser A
Motor
48
Dec
58%
25% Aug
2.50
Tool
Mach
11% Jan
*—20
Inc
Co
1,500
106%
1*47
37
17%
•1,600
..
Oct
26%
14% Nov
•
112
6
$2.50 cum pfd
Morrell (John) & Co
53%
*105%
47%
xll0% ,111%
17%
"
17% ,!17%
105%
.
36%
111
y ill
49
3,400
58%
*47%
1,310
13,900
28%
*46%
37%
37%
>:
;» V> 17%
'• 53jv.:??y
52%
*63
65 "-.'V.
*56%
••
>:'•
»V
'105%
47
18
26%
51%
17%
108%
47
*110%
111%
17%
65
*63
*16%
>
V:
37%
*110%
18%'
*52
46
56%
;
|
'
86%
26%
Monarch
$4.50
io
29%
,
*
52
*51%
*105%
16%
*105%; 108%?'
111%
is
V
106 %
106%
>
20
75
Feb
Jan
112
4
42% Mar
100
Mills
Carpet
Hosiery
Feb
No par
preferred series A
Monsanto
4,900
'
114%
"V 85%
,
26%
600
28%
29%
:
86
*114
*46% > 49
28%
29%
27%
29%
28
106 %
■'
*55%
,
*27%
28%
29%"
29%
I 291/2
*56%
111%
106%
85%
49
111%
114%
26
58%
*56
38
146
111%
85%
;> 25
,i *47%
60 ■>■
49%
*47%
.
25%
*36
142
113 %
25%
84%
84%
25%
25%
*58
48
112
84
V
83%
25%
,
58%
■
*
114'%
,25%
*47%,
*111%
114%
*111%
107% :
25
111%
112
114%
141%
*106 Va
80%
111%
*113%
*111%
*113%
v;
112
114%
38
7%
Mar 12
110
—1
Mo-Kan-Texas RR
54
109
109% Mar 19
par
Impl
Corp
54%
*111%
100
100
No par
10
Mission
141
Mar
93
100
D—
preferred
9,800
36
*36
—_
Mfg———No
34%
42%
*113%
&
33%
36
140'%
vtc
series
Min
53%
37
SS M A
&
Minn
41%
142%
53
2
116
P
preferred
53 %
36%
160
61
36%
140%
Jan
7%
26% Mar 18
42%
36%
Jan
26
36%
142%
35
137
25
42%
36
9
51% Feb
51%
141%
15
Mar 14
165
20% Feb
37
35%
Jan
62% Jan
24
3
42%
143
37
26
No par
St
t per share
16
Feb
Jan
Highest
$ per share
18% Feb
31% Feb 26
50
per share
156% Jan
par
100
Minn-H6neywell Regulator
4% conv pfd series B
4%% preferred series C
51%
142
3
$
Minn
51
141
12% Jan
V
Lowest
Minneapolis & St Louis Ry—No par
42%
*35
$ per share
10
No
1st preferred
Year 1945
Highest
70
37
■
Steel
cum
113%
42%
43%
Lowest
5
Mid-Continent
4%
130%
Range Since January 1
i
Copper
1,400
*122
Range for Previous
STOCK
v?Par
45%
34
*122
Miami
10
v.
•■>■'
>>>
'*44%
130
32%
130
:
5,000
112
30%
*121
•
110
112
30%
128
17,300
•
112
*109
*108%
44%
14%
>.
-
*109%
-
30%
♦121
100
85
*83
26%
112
14%
80
59%
110%
14
">>■ 600
58%
115
13%
6,400
54%
164%
25%
26%
58%
*108%
-
>.; 85
165
*83
85
35%
54%
35
54%
*164
164 %
164%
35
34%
*54%
54%
164
4,700
lOM
EXCHANGE
Shares
15%
15%
NEW
the Week
$ per share
16
15%
34%
34%
*53%
85%
*108 %
*106
34%
Mar. 22
$ per share
15%
15%
54%
*84
>; 57%
26
57%
$ per share
165
*163,
25%
25%
v
53%
54%
164
164
163
34
34%
54%
55%
163
Mar. 21
<
Sales for
Friday
Thursday
Mar. 20
15%
15%
15%
33%
33%
*54'/a
>
$ per share
,
■
STOCKS
Wednesday
Mar. 10
Mar. 16
i
SALE PRICES
HIGH
AND
LOW
iMonday :
Saturday
Monday, March 25, 1946
2
109%
30
Jan
13
Jan
55% Feb
15
15
53
21% Dec
48% Nov
64
Feb
1
52
Jan
Dec
66% Nov
IH
v;.>•
25%''©eo,
'
21% ''21%
45
33%
26%
>.
19%
26%
18%
19
>>
25%
25%
>.;> 19
> ;
25.
28%
>•>'
32
17%'
34
19%
*27%
>'
29%
34% >,
26%'
24%
">
11198
*27%
34%
y
19%:
-
.
/>'
>'
32%
24%
28%
29%
29%'
29%
*28%
29
•:
*28%
v
31%
17%
i7%
18
17%
18
38%
38%
38%
38%
38%
38%
38%
> 27%
27%
27%
27%
?27%
27%
18%
19
40 1
'
73
>19
7
47%
:>
19%
19%,
19%
39%*
40 y4
39%
40%
47
>• r
40
*46
18
47%
46%
46
;
.
,? 73 %:
74>;>>
74%
,19 y8
72%
73%
x52'/4
53%
•:
:> ,» 26%
>
106
27%
>■:
52%
26%
27 Va
106
*52 •-
I;
204
*170
172
23%
106
;<6"
•
1
*203
;•
23%
32
32
f '
32%
53%
53%
~-*53V2
>>> 9%
81
29
82
*31%
19%
•
;
19%
29
,
32%
19%
103%
;>
>4
103%
*27%,
;';>'•
204
>*1.70
23%
172
>
23%
28
18%
Airlines
National
500
20% Feb
,
Louisa—-100
St.
Co
Aviation
—1
15
15%
Jan
52% Jan
16
35%
Jan
20%
Jan
32% Jan
3 :
16% Jan
-
3
39
'f
26
4
Feb
26
,
Feb
5
34% Jam
t
20% Jan
15
56
,
>> 41%
>
9% Mar
13% Jan
33 »/4 Jan
,
Nov
;>, 37% Dec
>16% Mar?
2
>28% Jan 29
% 22% Mar 14
5
National Battery Co
25% Jan
> 24% Mar 13
—1
Corp
26
Mar 21
> 44
i—1> >
—
Nat Automotive Fibres Inc
.
./
19
27
;
? 4,900
> 5,000
National Can Corp—
Nat Cash Register—
>
National Container—
4,300
19%
41%'
42
9,700
:
>;
.4,100
72%
75%
53%
>1,000
26%
27'/4
Feb
20
27
Feb
>
17 y8 Mar 13
204
.
Dec
19Vg Nov
>32% Dec
:
28
31
&
Jan
29
21% Feb
5
37
Feb
25
45 % Jan
29
Feb
26 >
30% Jan
14
> 17% Jan
21% Jan
2
43
Jan
49
9
84%
Feb
20 '/a
Dec?
41'/a
Nov
Dec
V 19%
Jan
Dec >
38 :;,> Nov
40%
Dec
76
20% July
,
Dec
Dec
32%
1
Jan
Jan 14
.65
r
.
30
Jan
13
Mar 11
4
195
Apr
12% Mar
"24%
28
7 >
13%
X34% Dec
31%
.:••..'.
16
34% Jan
37% Jan
par,
23% Mar
181% Oct
>20% Jan
15
Mar 22
24
-—1
No
34% Jan
20
—No par,No par;
National Dept Stores—
Nat Distillers Products
14,800
52%
Nat Dairy Products
193
—10
No par
1——1
National Cylinder Gis Co_
3.300
>
48%
> 30% Feb 26
10
27%
47%
72%
Co
1% preferred
—,-.*-100
Nat Bond & Share Corp—No par
100
29%
18%'
f
19
-
300
39
18%
38%
■'•':
•
Biscuit
National
10,200
'•>
:■
41%
>
72
32%
204
47 y4.
46 y2
>: 52%
28
172
23%
24
;• >.
'•>,:; 55%
10
9%
■; >> 9%
•:•;• 82%
.
82'/a
28 %
7.
105
32
20%
29
104
•.
v
29
'28
28
;•';•
■
16%'
16%
17
12%
12%
12%
13%
»'• :-:>• 17%
;
.
12%
>
>
32%
*55%
10
'
83
LOW
104%
104%
28
17%
>
28
,
f
$ pet share
29%
$ per share
■
29 VB
30%-
60
r.
60
60
106
36
*106
36%.'
108%
*
112%
43%
34
107 y4
34%
56
27 y8
44%
45%;
,104%
Dec
35%
Jan
37.
Jan
54% NOV
13
Jan
26 y« Dec
Jun
108
,
*123
>
127
*36%
;
>36
367/a
.
108
57
'
.
56
27%
*44
>
45
105%
57
>124
37
37 y8
37%
X36%
36%
*36
•24
27%
24%
24y2
*23%
27%:
*23%
61%
113%
>;
26
26%
*55 ? >
,
,
>,
340
>
48%
280%
*124%
32 %
14%
*113%
29%
*114
48
*310
>26%
48%
*48
283
29%
32%
14%
49%
51
16%
16%
18%
49%
*113%
114ya
51
*56%
26%
125 V4
'>'
58
18%
29%
*55
113% >
184%
14%
61% :>
325
*112
283%
33
,
*305
>
*124%
125 Va
115
61%: >V *55
113%
33%
14%
115
2o%
*47%
282
*124%
♦105
32%
29%
49%
47%
47%
14%
115
124
61%
111%
111%
26%
26%
26%
48
48
>
49%
49%
286%
►124%
32%
13%
*113%
33%
14%
115
32%
14
29%
28%
113%
113%
113%
114%
114%
►113%
51%
18%
52%
16%
*56%
18%
18
49
49%
49
18
:>•; 28%
32
Mar 20 >
101% Jan
24
Jan
106% Mar
65
15
Nov
85% Nov
Apr
36
Jan
Dec
24%
22% Aug
26% July
102% Nov
29
2
>29% Mar 7>-"
'20% Feb 11 '
26% Jan 19
V 16% Mar 15
12% Mar 15
Dec
Feb
15
33% Mar
107%
Dec
0%
10%
|
29% Dec
10%
2
Jan
Jan1
14% Nov
51
51%
50%
I
50
16%
167/a
16%
58
58
18%
*1.8'/a
18%
18%
18%
26% Jan
1
—
32
New_—No par
100;
pfd_100
10
8
Jan
107
64
Jan
14
30
29
,103
17
35
4
17
>
111% Jan 30
49% Feb
26
367/8 Mar 22 >
Feb
37
-
8,100
>>
>? >
29%
>9,000
>,
10,900
114%;:;:
Nov
110
Nov
preferred
47%
Dec
38%
Aug
18% Jan
York
Central
N Y Chic & St. Louis Co
*
6%
par
>
110
5,600
600
1,500
-
30
18%.'..:
1,200
Noblltt-Sparks
&
18
35% Jan
16
59
17 :>.'
Feb
20
35% Jan
21
24% Feb 27
>57
Jan
7
325
Dec
121
Jan
11
29% Feb
13% Jan
1
111
50
112% Jan 28
45
49
—
Preferred
50
.No par
50
;
Norwich Pharmacal Co
2.50
*
28% Feb
19
Jan
39% NOV
Nov
29
410
Sep
Nov':
65
Mar
110
37% Jan
'
Oct
Dec
24 % Mar
> 50%
Oct
Mar 21
219
Jan
258%
Nov
125% Feb 25
118
Aug
126%
Nov
Jan
I 31%
Dec
15%
Dec
287
36
Jan
29'
19%
16
9%
Jan
21
105 %
Jan
11
17%
Jan
114% Mar 13
56% Jan
11
55% Jan
3
7
18
% Jan 30
56
Feb
26
58
Mar 21
18
Feb
26
19% Jan
;
-
14% Aug
I
Jun
148
Mar
102%
18
53
i
41
\9
7
Feb
13% Jan
Feb
7
Feb
Oct
Dec
162
Jan. 17
•
35% Jan
Northern States Pow $5 pfd. No par
Northwest Airlines
No par
Telegraph
62
16% Feb
113% Feb
28% Mar 13
58%
> 75% Jun
Jan
3
3
>
> 35%
Jan
17
26
.
Jan
100
Northwestern
28%
2
100
> 27% Dec
.103% Jan
16
19 V« Jan
Mar 13
Jan
15
Jan
113 % Mar 18
10
Norwalk Tire & Rubber
29
,
37% Feb
325
3
Northern Central Ry Co——.
Northern Pacific Ry
Jan
32
28
19
Jan
North American Aviation
134
14
45
North American Co
Jan
Feb
246
pfd—
.
X107% Jan
5
—
Ry
non-cum
69% Jan
Mar 13
.
—100
Industries—
Western
Adjust 47c
.,
—
„
26
Mar 13
120
■
No par
No
Feb
26
44
!
par
100
.100
preferred series A
N Y City Omnibus Corp.
York Dock
New
Norfolk
54
xl6% Aug
9
110
July
112
38%
Apr
6%; Jan
50
127/a
Dec
63 %
.
Dec
57
26%. Mar
46
Dec
>116% Mar
Nov
15
Dec
Mar
57%
Nov
Jan
21%
Dec
.;
>81
*110%
111%
*110%
112%
*110%
112%
*110%
22
22%
22
22%
22%
22%
22%
22%
29
22%
29
22 >8
22%
29%
29%
28%
29
28%
28%
29%
29%
29
113%
15%
115
29%
34
*173%
*28%
*95
113%
15%
117%
15%
116
15%
116
*114%
15%
115
16
117%
117%
114%
15%
119
114%
15%
119
•
114%
15%
►118
111%
114%
♦in
113
320
3,400
,
119
i
320
4
%%
112
Jan
26
23
Jan
9
16'/a Aug
23%
Dec
27% Feb
26
34% Jan
15
24%
34%
Dec
7
X119% Jan
14
106%
Jan
17% Jan
18
11'/a
Jan
18%
Feb
11
Jan
Xll8%
Dec
preferred—100
6
Omnibus Corp (The)
8% conv preferred A
30%
29%
34
29%
30%
31
34
30%
32%
34%
34
2,200
35%
35
34%
35 %
35%
35%
6,800
174
31
*30
30%
*30
31
*94
98%
*94
98%
*98
105
footnotes
86
see
*173%
88
page
88
1588,
174
88%
173%
88%
174
89
174
*30
*98%
88
174
30%
176
*30
105
♦100
88
*88
176
120
30%
88%
6%
Outlet
3,600
Co
<w«n«-TWnoifi
120
107
119
Nov
Dec
2
27% Feb
26
32% Jan
10
13 %
Jan
34%
Nov
32 % Feb
25
39% Feb
2
23 Va
Jan
36%
Dec
preferred-
100
Outboard Marine &
105
26
10
Otis Elevator
*28%
15% Feb
Jan
Jan
100
Oppenheim Collins
34%
*174%
112% Mar
19
No par
30%
31
Oct
15
19% Feb
Nv
-
30%
174
112
111% Jan
pfd
—
convertible
107% Jan
100
pur
—No par
4.40%
Oliver Corp.
16
"
Co
Ohio Oil Co
8,300
115
16
*118
Edison
23,300
29%
115
15%
119%
Ohio
.22%
30%
85%
For
114'/a
►111
29%
100
85
113
111%
?
Dec
109
Jan
32
>
8
> Dec
105%
v
26
29
Dec
Dec
108'/a Mar
106 >' Oct
>
8
share>
28%
61%
Feb
40% Jan
109'/a Jan
S per
:
Jan
Jan
40% Feb
1
share
15% Mar
,108
Mar 14
110% Jan
Highest
Lowest
$ per
32% Jan 30
4
Feb
fear 1945
;
$ per share
3
53'% Mar
106
serial preferred—100
conv
$5 non-cura preferred- —No par
RR Co—
-ISO
1,490
*57
18%
$ per share
No pat
N Y Power & Light 3.!
pfd-100
N Y SLtpbldg Corp part stk
1
20
50% >
16% >;
51%
16%
Range Since January 1 »
Lowest
Highest
490
400
f
52
58
'
200
2,200
33%
115
Range for Previous
STOCK
YORK
100
III
50
*56%
16%
2
Jan
45
Marl
>>: 217/a Jan
500
49%.
58
16%
Jan
25
No par
-
14%
►113%
29%
16%
91% Feb
34%
Dec
Dec
14%
No
125%
29%
51
15
26
25 V.
STOCKS
N Y & Harlem
284%
28%
58
24
New
26%
297/a
16%
Jan
;
/ 325
28%
50
12%
9% Mar 14
45,400
111%
*295
113%
49
i' Nov
35
>59
>
30% Mar 19
61% ; 61%
325
125%
33%
> 25
Jan
4
24% Jan ; 4
900
287 >
14%
11
Newport News Ship St Dry Dock—1
24%
125 y4
115
Jan
Jan
33
-> 7% Jan
Dec
105% Mar 19
36%
24%
284%
c
Jan
105% Mar 20
125
36
125%
13%
16%
21
:
18
,
New York Air Brake
284%
32%
Feb
41% Feb
68
26
19 y8 Mar 13
—_—-1
Co_
Newport Industries
900
124 y2
*113%
Nov
•
—————100
46
27%
v
137/a
*113%
37%
199%
167
Jan
'
27,100
27%
46
►111%
.
26
13
r
Dec
Sep
Sep
152
80 V8 Feb
New Jersey Fr & Lt Co 47*
Newmont Mining Corp
57
27'/a
v:
281
*
24
177
Mar 22
29% Feb
,
No pat ;
Nehl Corp
Nelsner Bros Inc
4%%
30»/a
*285
'•;>
26%
26%
2841/2
33%
112
:>
———10
Fibre
Newberry Co (J J)
3%% preferred
,105%:
37
1
*55
325
111%
27
125%
61%
*250
Xl01% Aug
29
Mar 19
172
8
22% Feb
Jan
204
51% Feb
EXCHANGE
4% %
1,400
6,300
.
29%
51
1,200
*45y4 >46
35% >36%
113% 113%
49
49%
*56%
36%;
-
30
*
340;; >
H3 %
»
57
124'%
*36%
27%
400
108 y4
27%
46 y8
37%
*55
38
>
30% Mar 14
;
112%
57
27 Va
*24
*240
;;
,
25
Shares
60%
*110
30%
46 Vo
124
Co
NEW
1,800
*107%
•!,'
*104y2
,
,
30%
*35%
,
■:> 45
30
ahdte
60 %
*36%
>
;
Co
>;the Week;:;
30%
112%
*36%
*112
$ per
*106 •>' 108
35%
47
124
123%
Tea
Vulcanized
Sales for
Mar. 2'i
>
36
*110
.'•:'•"• b
56
26%
47'/a
..
:>> >;
105%
30%
29
27%,
.123
V
»> *108% 108%
112% '.:
,
105%
30%
4%%
540
>
>:> Friday
$ per share :
35%
26ye
Natomas
108
45
47 >
6,100
*106
35
*56
13%
108
45
>
46%
13%
61
44%
29%
13%'
61
*110
;
108% Jan 24
3
Jan
28
■
4
No par r,
Corp
7
Jan
>
i
62
35%
\
National
Nat
30%
*107
Steel
30
12
par
preferred
—40
preferred —_—.—100
1,500
Thursday
;::v
No
3":
Mar
165
conv
4,300
*106
>
$2
>t 900
18
;>V Mar. 21
per share
Corp.——1
Co
67% Jan 29
"
17%
;
Cast
2
32% Jan
195 % Jan
National Sugar Ref Co——No par ;
National Supply (The) Pa—£—10
17%
30%
>
28%
National
2,300
1,300
> .7,200
>
28% >
104%:,>
28% >
28%
30%'
105% .105%
27%;
46%
•1
44%
-
>'f,
57
27%
36%
33%
; 104%
>>,. 28%
•58
112%
:
83%
Service
& 8c'l
Mall
National Power & Lt
21,300
105
——100
National Oil Products Co—
PRICES
30%
>
;
Linen
National
Nat
par1,
10
13%
•
> 34%
.
30%
*56
125
*110
35 y2
'
60
•>1,600
Jan
24y8Jan
——100
;■{ 6% preferred B—
> 3,300
> 1,600
9% ■>
No
Co
28%
•
Mar. 20
> $
-
■}%
■>•>
24%
33%
20%
20%
^
104%
33%
120
Lead
48
—1
—
preferred A
7%
17%'
>
13
SALE
;
30%
> *107% 108% >
105%
29%
-
.
;:.
29'/4
Wednesday
.»
108
36%
108 »/4
34%
44%
*122%
*106
112%
••44%
56
26%
,
?
*105%
29%
HIGH
$ per share
30%
"58 1
36%
*110
*43
:
108
36
*107%
*110
■
■■>':
f
29%
*57
AND
Mar. 19
Tuesday
83%
>
>>-'
28%
17%
12%
lSi*fccc#l4i
Mar. 18
;
83
34
20%
28%
12%
Monday
;
Mar. 16
:
20%
National
so
-58
9%
Gypsum Co
$4.50 conv preferred
5,100
:■>>
No par;
National
90
>•.
172
32%
Nat Enam & Stamotng-
9,800
,,
37
>j >/>: 57%
10%
i;
•>
204
23%
33%
57
33%
>,
Saturday
24%
'
28 %
,;ft:»
17%
24
107
37
203%
>'■'.,' 172
'
104% ;
:
172
32%
?
20%
*106
36%" •; ■'':>
*170
55%;::'.83
"->
107
:
20%
32
V
>y>
27%
204 »'
10% >
82%
»;
20 %
-
•
»
*203%
r;>;
32%
32%
82%
**31%
■
>
24%
33
55
10%
■> 28
>'
27
36
36%
•>> > *170
52%
*106
106
204 1
'
20%
*104 y4
106
204
.:
>:> .:•
27 1
26%
»;•"' •>'::*54:;>:
55
32% \!
28%
:
33 1
33%
'
16%
>
;
18%"
>40%
.
;
*29
;
27%
52%
V'l- 35%
35%
204
'
10
81V
29%
V"v.
Acme
National
4,300
32
38%
72%
*52
> f
106
35%
-
172
*170
£:
*31%
••<6%>"
204
23%
9%
>
52%
27%
*105v
>
35%
■
27
'
106
35%
*203
>
National
>5,900
29%
&
iv
5214
106
29%
18
46
71%
19
29
27%
>
19%
.46
>1,800
> 5,100
27
204
38%
»
40%
40%
•
y4
28%
18%
204
*28%
38%
27%
34
Corp——8
Chatt
Nashville
200
26%
-32 :•:••>>
*200
27%
33%
26%
29
Nash-Kelvlnator
19,700
>;
•
28%
,
44%
>>26% '
19
"'r 19% r25% ; 25% >
202
28%
,
22
26
32%
31%
21%
44%
--33% ^33%
26%
202
201
201
>,3i-:>>
*28%
;!•'
32% >
32%
;
,
.
202
*28%
17%
.
,
44
21% *"i:
45
21%
'.'•
;>
45
•
27
26% •>
19% ■>
202 >»
21%
"
45
■
24%
>
31%
21%
22.
45
34%
26%
28%
31%
*198
21%
45
'
■
45%
>33%;
'
23%-24%;h
*27%
''
*45
>.
27
19
22
21%
45%
.33%
>
Ola*"
115
166
Jan
2
176
Mar
7
1555
Jan
168
Dec
2.50
28
Jan
2
34
J an
25
22%
Jan
32% NOV
par
91
Jan
30
100
Feb
18
74
Jan
95
Dec
19 50
75
Jan
7
89
Jan
30
58
Jan
79%
Dec
Mfg
:__No
fin.,—
*1-
THE COMMERaAIi & FINANeiAI/CHRONICLE
Number 4475
Volume. 163
NEW YORK STOCK RECORD
HIGH SALE PRICES
LOWAND
STOCKS
'
Monday
Saturday.
Tuesday-
Mar. 16
Mar. 18
I. per share
?
$ per share
16
16
*23 ft
24
*84
16
•:
i
,
47 Vi
48
44%
*46
'r-: 44%
'
44 ft
•58ft';'59
77
9
24
59
23
■
16
ft
KQ
'
Pacific
8.000
*58-ft
59 ft
1,200
,350
59
179ft
180
*179
9
:;
.
80
144 .?
59
179ft
9y«
9ft
9
,
.
.1,900
230
180ft
20
8%
9y8
4,200
x 27%
27%
3,400
Pacific Western Oil Corp
♦178 ft
180 Vz
*178 ft
X" 9y8
9
80
145
Pacific Telep & Teleg:
6% preferred..
Paciflo Tin Con8ol'd Corp
144 ft
144 ft
*178ft ;180ft
•
9ft.
80
145
80
80
;
24%
25%
26'-
10 ft
10%
10%
11
21%.
22 ft
21%
22%
25%
:
26 ft
27%
10ft
21%
■
10%
-ii
27
10%
21ft
26 ft
•:
9 V*
28
;
$ per share
10 ft
10%
10ft
10%
40,400
Packard Motor Car
21%
21%
22
23 ft
42.100
Pan American Airways Corp
Pan-Amer Petrol' & Transp
...No pat
Lowest
15% Mar 14
19% Jan 22
Jan
2
24% Feb
Feb
19
-34ft Jan
19
40% Jan
4
"
Highest
$ per share
18
♦
$ per share
13ft
Jan
22%
lift
Jan
23% Nov
45 V* Mar
16
89ft Nov
86 ft Mar 19
48
24
Mar 18
42
-
Deo
46
Jan
'
Dec
Nov
*
45 'A Jan
56% Mar
•
71,
100
100
—1
10
^
■
'
24ft.'
:
Highest
77
10
Pacific Gas & Electric
28
Pacific Lighting Corp...
No par
Pacific Mills—....
.f-JVo- par
"
59
*78%
143 ft
S
Co
preferred non-cum_
No par
2nd preferred noii'Sum-.JVo por
•
46
Coast
1st
50
44%
Year 1945
Lowest
.
Pacific Amer Fisheries Inc_.
100
•
,81ft
143
80
142 ft
143
Range Since January 1
I per share
2,000
23 ft
85
44 ft
44%
Range for Previous
STOCK
EXCHANGE
Shares
45
46%
44 y8
NEW YORK
Week^
16ft
ft
•82
46ft
44 ft
16
23 y8
23%
'
■
the
if per share
85
*82
46 ft
;
X 44 Va
v
16 ft
23%
ft,
.85
46 ft
/
44% /
59 >•■.
,
ft
•82
Mar. 22
S per share
,16%.
16
P- *23
'
>
47ft-.
44 ft
V
Sales for
Friday
Thursday
Mar. 21
.
-
t pet share
86 ft
; 47 ft
79
.
*142 ft
180
9
v
16 ft
y8
84
59
79
144
♦178
•23
,48
45-'".
59
X
'78
*142
16
16ft;
•
I
$ per share
.
24
*84
Wednesday
Mar. 20
.
Mar. 1!*
87
24
81
;
24
34% Jan
64% Feb 15
Jan
48:
81 Vi Mar 19
142
Mar
152 ft Feb
171
Jan
179 ft Mar
4
8% Jan
Oct
75ft
Deo
6
149%; Deo
175
Jun
Mar
10;
Aug
32% Dec
31ft J&n 11
12% Feb
5
16 % Jan
5yi Jan
12
Dec
27
10% Feb 26
,
X60ft
121'/h-Jan
160 ft Jan
liy8Feb 16
23% Mar 14
Jan
36y»Mar
1
16% Mar
29
Dec
20
Dec
*
*16%.
17%
*17
18
46%.
47
,
47 ft
110ft
10%
77ft
77ft
17%
,
10%
lift
77 ft
77
*76 y8
•110
72%
74
,*64 ft
66
•63
38
38
38ft.
V
30
30ft
r
6
37 ft
14 ft
15
>
22%
23
],l 23 >
13%
39ft
26%
*28%.
•28%
30
*112'6
30
.
VS
23ft
44 "ft
44% X 45 ft
43 ft' P- 43 ft
•42 ft
43 ft
48 ft
•37 '
V
34 ft
27
*25 ft
*123
•25%
1
98
41ft
•40ft
35y»
26
>
97%
43
42ft
•109
10%
lift
lift
lift
*13 ft
13%
13%
13%
13%
13%
43 ft
45 ft
45 ft
47%
38
38 ft
38ft
38%
38%
72
72
72 ft
72ft
.
>72
28 ft
l;>
V
:>
21ft
37%
49ft
: 50%
110
110 Ye
;
■-
XX
84ft
83%
*84
85
33
*102%
22
*26
>*197
:;
85%
ft
29 : 1 -29XXI
.
X
;
22
I X
x'11%.
17%,
■'■V n%
17
X.
87
17ft.
>. *198%
*198%;
*198%
21%
29 ft...
'
*198%
H;x;
30 y4
30
30%
23
'
29 ft
•
.
29 ft
*21%
22%
24%
*35
38%
22%
21ft
22% X X'XX 21%
21%
25y4
24ft
25ft :
X, 24%
X 25%
23%
25
243/4
*35%
-
21%
*56%
>
:
■
25 y8
>
113%
123%
146 ft
123
137
XXXXI146%
1
114%
114%
114%
123%
123
136% 136%
147%
XX/147
122%
123%
137
*115%
116
147 X
115%
116
115%
116
29 ft
X
24ft
5
Jan
17
31% Mar
Jan
28
56 y8 July
74
110ft Mar 15
107% Sep
14% Jan
113
111
124
19
Mar 13
19% Feb
Mar 15
47
71
7
,
25% Feb 27
36
Jan
:
60% ;
6i ;
21%
.
60%
22%
XXX
23 ft
108
108
37%
36%
61 ■X>-
22%
•
109
109
37ft:
•36
-
«■•■■.-.
X
X X
;
XX
Pond Creek
21%
1,600
Poor ft Co class B_
25ft
58 ft
4,500
Pressed Steel Car Co Inc
:
•
-113ft
3,200
36% > X
2,400
114'/a
123%
123
v
500
f
,
68J/a XX. XX
36 ft
;
25 y4 ; 25% 'X;..x
116%
X/:;; 60%
22%
60%
60
23%
22%
*108% 110%
36% XX
Tuesday
Mar. 19
Mar. 16
Mar. 18
I per share
t per share
■
.
17,500
670
XI "
760
137.
-
X- 147%
*115% 116 J/a
61
400
380
.
;
1
180
,>
61%
22%
61
23% :
X
8
23 J/4
.*108%
110%
37y4
37%
;>
110ft
,
IX;.
X
38
-
..
5,400
22,700
110 J/a
400
>;
.,38>>Xx:
$ per share
$ per share Jf, i $ per share
21%
Mar, 22
2,200
;
Sper share
*21 ft
4ft %
—.—
Pocahontas—
49
Feb
25
59
Jan
15
44ft Jan
59% Dec
30
Feb 27
41
Jan
11
11
35
127 y« Jan 29
30% Feb 26
134
Mar
10% Jan
;
102
110
6
15% Feb
Mar 13
21% Mar 13
106
Jan
206
14
Feb,26
10
Mar 13
Jan;
7
65 y4 Jan
3
85%
14
190
Jan 28
Jan
22 ft Feb
16
:
93
Feb
15%
16 %
15%
16%
15ft
16
15%
16
15%
95 Ya
96 y8
96
96%
96 y8
95
95
>93 ft
19 Vi
20%
20ft
*112
20%
21%
42 ft
24 ya
;
23% P
*38%
38 ft
28
•51
52
46 »/a
>45%
23
*107% 110ft
V
•51
52
*45%
46
♦23 ft
*107%
y8
21ft
112%
42 ft
23 ft
24 ft
38 ft
38 ft
27%
38 ft
28
27%
-
a42ft- P
42%
23%
*38 y8
112
112
•P.
42
*27 y*
28%
*51
ft
23%
1U
46ft
'23ya
*107%
*112
21%
21ft
112 ft
*112
112%
42%
43
23%
23%
38%
52
46 ft
X46
23 ft
111
23%
46
1,300
24
24%
3,600
38 ft
283/4
28%
38%
<
,28
-
23%
51ft
51ft
46 ft
46 ft
46ft
600
24 ft
400
24
24
*108
111
98
33
33
33
33
32
32 ft
32
32
*32
♦48
53
*46
49
49
49
49
49
49
■
*23%
*108
32%
ft
50
,
For
fooinot;^.
35
19%
20%
14 y8
is y8
is y8
|ee
34%
*101ft
<27
98
19 ya
27%
27
2oya
20ft
^52%
35 ft
.
1588.
35y8
102
27 ft
27%
20 y4
21
14%
15
14%
14%
18%
18%
18%
100
240
32 ft
1,100
26
600
800
36
8.800
102
300
.
103
18 %■
io
page
35%
10lW"i(5f%'
28
\
110
98
98%
98%
25ft
27%
900
2,200
.
52
110
34ft
35
*101 Vs 103
38ft
28%
*51
*46
■
98
35
40
24
*108
34%
112
23%
97ft
♦101ft 102ft
27 ft
27 y4
20...
20%
14%
14%
18ft18%
142,900
43%
95
;
21%
43%.
99
,
500
43%
99
:
112
64,300
38%
28
*51
.
38%
28
52
■
20%.
15%
95
43%
99%
99
106
25% Dec
July
205%
44% Dec
12%
Deo
Jan
15% Dec
117ft Oct
69% Jun
49% Mar
18
Dec
23% Nov
Mar
99
68
91ft Jan 30
34% Jan 18
83% Mar 20
Jan
Jan
8ft
Feb
Sep
11% Dec
6%, Jan.
Feb 27
141
37ft Nov
126
39ft Dec
30
Deo
Dec
108 ft
20% Dec
15% Jan
8
48% Jan 15
■
14% Janv 3
123
Feb
30
Jan
Sep
118 ft Aug
>
8% Mar
25% Jan 28
:
3
40
8
Feb 16
Jan
25
7
Mar
2
33 ya Jan
203
Feb
135
8
Mar
105
35% Jan 15
/106% Jan 12
Feb
91
Jun
18ft Jan
Jan
Jun
198
Jun
Jan
22
.Dec
28 lA Jan 28
8
12ft
30% Mar 12
3
26% Jan
21
198
26 ft Feb 26
x21% Mar 4
31% Mar 12
8
.No par
—No par
20% Mar
.
_1
43% Jun
27% Dec
23
27% Feb
26
30ft Dbc
27% Dec
Jan
24% Jan
39 ft Mar 18
4
Feb
17ft
10
25% Jan
33 V>
7
Dec
57y8Mar 15
39 ft Feb
Pub Serv Corp of N J—
23 y8 Jan
29 ft Jan 28
$5 preferred
6% preferred
ser
Feb
62
No par
Deo
Deo
30
33ft Feb 19
preferred
63 ft
26
70
3
Nov;
4
ft Nov
109
9
115% Jan 10
Feb
7
126
Jan
132
Jan
3
137
Mar 13
110
Nov
143 ft Jan
—
Feb
120
No par
—.100
preferred
———100
8% preferred—
—100
Pub Ser El ft; Gas pfd (5
No par
7%
7
150
Jan
17
121
ft Nov
117ft Feb 15
112
114y4 Jan 23
% Dec
106%
2
Dec
118
..No par
Pure Oil
>58% Mar 14
69% Jan
15
47y4 Jan
No par
Pullman Inc—-
19% Feb 26
23% Jan
10
17
(The)
5%
conv.
.—.100
—No par
preferred
Purity Bakeries Corp
108
Mar 19
113
Jan
65% Oct
Jan
106
Jan 29
May
23ft Jan
'
32 ft Jan
38% Feb
2
4
24ft Dec
112% Nov
35
Nov
'
27%
20%.,
14ft
14%
18%
18%
'
■
';>>>:>v-;^ Lowest
EXCHANGE
.
*
900
26.500
/20.200
5.800
Quaker State Oil Ref Oorp
II
No par
15
87
Feb
Radio-Keith-Orp'-mm
—-
Ralston Purina Co 3%%
pfd
15ft Jan
3
109 ft Jan 10
1
.100
—No par
Raybestos Manhattan
Rayonler Xno—1
$2 preferred
,.——25
Reading Company
;
—.—50
4% non-cum 1st preferred——50
4% non-cum 2nd preferred—60
Real Silk Hosiery.
5
Preferred
100
(Robt) 6s Co 1st pfd——100
Reliable Stores Corp
No par
Reliance Mfg Co
..10
41
Jan
28
112ft Feb 11
7% Mar
103
July
>
...—
1
1
4
16
38 ft Feb
52
43
:
22% Mar 14
106 ft Jan
95
27 ft Jan
'■
4
Mar 19
7
40ft Jan
2
25 ft Mar 22
Jan
1
Nov
38ft Jun
29% Mar
50% Dec
46ft Deo-
11% Jan
102ft
28% Dec
Oct
137
69ft July
4
Feb
25
36% Jan
28% Feb 11
26
Dec
Mar
Mar
43
125ft Jatt 17
33
Mar 15
60
;
43% Deo
19ft Jan
9
112ft Feb
18% Dec
111
Aug
34% Jan
4
18
46 ft Jan
Feb
32 V4 Mar 13
Inc
Feb
33% Feb
101ft Mar 8
25% Feb 26
15% Jan
7
Motors,
33
49% Mar
—1
Republic Aviation Corp
1
Republic Pictures
-50c
$1 cony preferred
.———10.
6
28
Preferred with warrants—.—.25
Reo
49 ft Feb
26ft Jan
Reis
Remington-Rand
Jan
21% Jan
3
Jan
19% Dec
90ft Oct
10% Jan
78% Jan
21% Jan
37
22% Dec
28
t
Highest.
$ per share
15% Jan
6
96 ya Mar 19
19
Mar 13
$3.50 conv 1st preferred—No par
$ per share
$ per share
19ft Feb 20 >; 23% Feb
/
Lowest
Highest
" $ per share
pari
Radio Oorp of Amer
Year 1945
Range Since January 1
NEW YORK STOCK
Shares
200
95%'
112 ft
23%
Apr
34% Dec
10
A——50
the Week
.
21%
19%
&42
Sep
Jan
Procter ft Gamble.,
No par
Public Service Co of Colorado——20
Sales for
Friday
Mar. 31
Mar. 20
15%
*112
44% Deb
Range for Previous
Thursday
Wednesday
95ft
19%
y4 Nov
'
Apr
19% Nov
'
37 ft
36%
21%
15ft
29% Nov
117
LOW AND HIGH SALE PRICES
P .Monday
Saturday
*93
u
125
——————7ft
Plymouth Oil Co
1,400
XX.: 137147 y4"; 'XX,' 147-
-»i47
122
121ft Feb
42% Feb 27
Co—.^..1
6,000
137
114
TX
X
29
Aug
12% Aug
27
37
...100
Plough Inc..
..
Jan
15
preferred——No par
Consolidation Coal
Jan
Jan
30
,105% Feb
Dec
25
Jan
Feb
Dec ;
40%
21%
30
31
118
36 ft
>71% Dec
115
Oct
106%
30 ft Jan
27ft Feb 25
Hosiery—..————8
2,300
560
400
X
.
67
,
25%
.
117 ft Jan 18
Feb
Dec
15ft Nov
19% Aug
54ft Mar 22
27ft Feb 25
No par
36
58
;
66%l 68
24%
X
111% Feb 27
com..——No par
preference' com
24%
36%
X
25 ft IX
36 ft
;
:
,58
58
X
67
Jan
2i%
■xx:
>
36 y8
,113% 113% X;
136%
-
;
110
37ft
25 y8
X
Jan
57
9% Jan
6
"
X
21%;
*107%
/
67
58 X&>
58
; XX,,
;XXX35%
25% >
(
24%
123
*115%
: *115%
116
5.59 > 59%
>
36 ft
*
146% 147
147
21%
58 ft
66%
36 Va
x;
137
1 -137
137
;
25ft
66 ft
>x'v:
67
113% 114
123% 124%
123%
p 136ft
,;x»57%
36%
36%
25 »/4
*113
v
S
-
,
58%
25 y8
66 y4
36%
*57%
66%
36ft
59
*66
25
3,300
r 590
-XX
30
22 ft .23
'
;
16
Feb
16% Feb
Mar
n
13
:.-V ■><"
21%
25 y4
25
X
II
43
Bolt——No, par
Pittsburgh Steel Co——^..No,; par7% preferred class B——..100
5% preferred class A
—.—100
5ft % 1st ser conv pr pfd—100
Pittsburgh & West Va
—....100
Pitts Young ft Ash pfd
—<.100
Plttston Co, (Ihe)
—
1
84% c'X;
41ft Dec
108
Jan
,
76% Jan 22
Pitts Screw ft
3,600
38%Nov
43% Jun
Jan
26
$5 conv
'
86
*29
30
24ft
I XXX 24 V"
35
37% X: X
23%
23% K
37
•
,-
8
Nov
119% Nov
116ft Jun
26
Apr
105% Nov
69
5.300
200
63
98 ft Mar 11
>10% Mar 13
43 ft
July
19% Jan
92% Jan
9
36% Jan 21
Pitts
400
■
85 ft;
84 ft
;.X:
4
Mar
Dec
98% Nov
21
125
13ft Mar 14
35% Jan
5
6,600
,
X;.
14
88ft Jan
Pittsburgh Porglngs Co
,.l
Pitts Ft Wayne ft Chic Ry—....100
1% preferred..
—
100
Pitts Plate Glass Co..
——
—10
1
,
x''i.x'"
■
29 ft
29%
.
24
37 ft
23
39ft
'
*21%
;.'v.
29ft ^29%
xx
'23%
XX'..
36
■
40ft Jan 11
36% Jan 17
Mar 13-
46
Jan
14% Jan
43 ft Mar 18
Pitts Coke & Chemical Co—No par
3.400
i
' /
*135 X'X. 137
V
69
109
Maria
12% Feb
4
Pillshury Mills Inc—.————.28
$4 preferred —————No par
,
4.800
70
.
,
27 ft
*198 ft
22
21%
35 ft
22 ft
22 y4
*34%
,
—
'f
*29%
;
:
':
X
85%
84%
30%
*29
22
21%
lift
17%.
136%
84%
X:
84 ft
29ft.
*198%
22% •' 22% '
22%
21%
22%
: i,ooo
..
42%
41%
x-x ii y4 ••lift
/>
17% .17% »; v
42%.
30% Jan
51% Jan 25
26
Apr
24% Itec
46 ft Nov
.49
Nov;
37% Mar
Mar 20
Feb 13
Phoenix
700
*207y4
209
85%
86 ft
,
83%
-
x,:.
*197
X—• ,.Xlx
;
41ft
30
Mar 21
25
preferred—
—.100
Phillips Petroleum——.—.No par
22,900
P;'
13 ft
22
21%
,'*26 ft
Jan
32ya Feb 26
7 to
30
X103ft 103 J/a
X
26ftX
136%
X
136
85ft
84%
29 ft
'•
•
;
1
20ft Dec
Aug
56
Decv
30% Dec
113
33
46
Dec
17% Jun
33ft
Jan
107
111% Jan
May,
49%
Nov
27% Jan 24
47 ft Feb 16
Jan 21
Pitts C C ft St Louis RR.
13
.
22
iiy4
17 Ya
42
X-l 136
29 ft
X
103 7/8
>.
26%
*207
pi
ii%;
| X:x 41%
•
12%
'■♦198 i
*207
42%
12%
Jan 23 ?
38
Corp___
3
Philip Morris ft; Co Ltd——.—5
4% preferred
—————100
Phillips Jones Corp——
No par
*135
.X
19
111
Feb
2
Jan
34 ft Feb
-
72
Deo
89% Feb 20
Phllco
1,200
*32%
33ft
.■>108% 109%
X.Xu-,X,
103%
21%
26:
*198 >
'
—►
84 y4
X
|
21%
26
139
86ft
..
I85::;-X
85
>
*137
12%
103% 103%
X-—■
4i%.
33ft
*135.
Feb 26
43
4.4% preferred
.300
Phila ft Read Coal 6c Iron—.1
400
34
"
27
1;
*206
137
12%
32 ft
>•108% 109%
—v>--
■■
112
33 Vi
59
33 ft
>X: 33^ ;X
'
•
*30%
♦108% 109%
12% X
104
:x;
22% ;
57 ft
V
30 ft
•135
11% >i-H n%
18
17%
84
29
126 ft 126 ft
P,; 58% ,59
32 ft
32
.57
30
x; X; 33
108%
12%
>■:■
'
— •»
55%
•
W
33%
108%
12%
♦17%;
,*U0 ft
110 l/a
56
42%
•134
no ya
33
125
110%
115
41 ft Feb 26
X40
Feb 27
100
......
Jan
28
107
$1
48.100
32
lift
'
51ft
125
41%
17%
38 ft
50 ft
32
•134
>/•
.
*205
138
37%
52 ft
55
>>102% 103%
22
21%
27
*26%
11%
38
51ft
128
33 ft
.
37
32
P>
ft
37 ft
110
22
32,
12
:
.
16
^ 16
16% Feb
30% Jan
-No par
•
1,900
121
*119 y8
preferred
Phila Electric Co.
9,000
.:
10.700
6,700
*123
ft
287/a
15%
31
*30 ft V 32
29%
51%
>>;
49%
110ft
->>■ 70
114
28%
121..
570
15%
128
29%
32 ft
t
15%
15%
•123
55%
•197
;l;29
;
37 ft
*119%
5
Jan
24% Mar*
,21% Jan11% Aug
Phelps-Dodge Corp
;
—25
Philadelphia Co 6% preferred—-50
$6 preferred—JVo par
15,400
28 ft
,
59
Dec
57% Feb
45% Jan
;
Pfeiffer Brewing Co.:
-No par
Ptizer (Chas) & Co Inc———1
jL2.600
54 ft
•113
113
'
48%
XII:-12ft';:
103%
*131
•112
38
•33
♦197
•
72%
72ft
,15%
*108 >r 108%
12 y4
lift
17%
40
72
15 ft
*134
>206
' 208%
41%
4ift
s
39 ft
>
;
77% Mar 22
Oct
Dec
5ft
,
6% Mar
xl8
2nd preferred
... .—100
Petroleum Corp of America.
1,300
y
114
Dec
16
24% Jan 29
4
110
•4ft%
Pp; 2.300
lift
51
6%
Pet Milk Co.......
20
73
.
17%
73 Vi
2% Jan
.19 y4 Jan 14
28 ft Feb 25
—100
Penn Power Se Light Co— -No par
-i—501
Pennsylvania
10
Pennsylvania Salt Mfg Co..
—8
Peoples Drug Stores Inc..,
100
Peoples G L ft Coke (Chic).
Peoria 6s Eastern Ry Co
.ii..100
—33ftc
Pepsi-Cola Co
Pere Marquette Ry
100
100
:5% prior preferred
800
13 ft ■--14
50 Va
.
1.200
39 y8
V
15%
37
98 ft
49%
*119% 121
%
400
41%
38%
73•'
Deo
2
'
39
♦113
,700
P
50ft
-
121ft
54%
»»
27
13%
*119%
121
*30ft
=
108%
*26
13 ft
28%
30
"
12%
*102%
21ft
13%
2 00
109
•
.lift
28%
■
128
33 ft
*32ft
/ *107%
lift
28y4
•29
56 >;
If*134
lift
28 ft
28
28%
•123
33.
lift
28%
30
*30 ft
109
28 ft
110
110%
?>55
98%
•40%
112
30
Feb
13ft Jan
-
16,900
•
26
123
42
*40 ft
*109
•v
34%
26
98
98
:'PP.-
112 X;
34ft
Jan
Jan
23 y4 Mar
7
M
900
38ft
-
21%
36 ft Feb 26
..10
preferred
5%
10
5,000
59 ya
v
123
..
28 ft
128
*28ft
27
28 ft
15 ft
37%
•110ft
34%
124
28%
*119%
47 ft -48%
*120
42
ft
27
.
/
107
*36
39
,28%
*28%
15%
37%
;
500
.1,400
28%
28%
28
121
15%
44%
i
107
37
28"%
*119%
44%
•57
j
.100
:
;P
Airlines Corp,
Penn Glass Sand Corp......-No par
21,000
*123
98 ••■;>
:
72%
,,
113 ft
44 ft
48ft
28%
*28ft
113
113%
113%
115
*113 ft
34
27
38%
72%
24
43%
43 Va
*36
123%
•49ft
39%
-
23 ya
44%
' 13%
,
50
47%
,
li
lift
..
i
32
23%
42%
34%
,
4.400
♦112 Va
par
-No par
(J C) Co new
Penn Coal St Coke Corp—
Penn-Dixie Cement Co new
400
;
*29
,
38%
♦109
10%
26y8
56
56
*104% 108
98
*40
ft
112
13%
26y8
I
26%
98 X
98
43 ft
34
13%,
f 55 ft
.,;.
r 107
: 123 ft
r
♦10ft
'
r
13%
26
i
34
4
Penn-Central
X43%
39% Nov
25
Penney
5,500
32
Feb
Jan
9,300
41ft
112ft
29 y4
Feb
54 ft
39%
July
57% Deo
4
;" 28% Jan
No
lid
7% Jan 29
397/a Feb 18
51
300
54
23%
23 ft
*36
■:
26
124
112
107
■>.
34%
34 ft
,
*123
41%
-
•109
110
*109
37
27
97%
■
37
54,
„
105
77ft
74% Mar 20
Deo
X80y8 Dec
106% Oct
27 ft Mar
32% Jan
109ft Jan 23
Oct
14%
Jan
7
.
67
4.700
4% Mar
56
8
70
Penick & Ford__._^.
9.700
111
3
4ft Jan
35 ft Jan,
,
10
13% Feb 26
20% Jan
3
17%"'
22%
-
14 y4- Jan
Feb
83
X39% Nov
9
Parmelee Transportation
No par
Patino Mines & Enterprises— ...10
17 ft
77 ft
•29
>
Mines... 1
....No par
Feb
13% Jan
29ft Apr
106y4. Sep,
.
8
26
108ft Jan 10
52>/4 Jan
3
57
10
49% Mar 21
HOftFeb
Mar 13
Parker Rust Proof Co^...—.....2.60
22 y8
X 44
II 44
54%
105
124
124
124
P
PI 51ft
39 ft
35
X> 34%
98
50
104
*37
39ft
.
44
49 ft
103 ft
>
10
500
P;
26
45 ft;
v.
30 ft
Consolidated
4
75 ft Feb
Jan 10
19 y4 Jan
3
par
100
Parke Davis & -Co
78
54 ft
ft
112 ft
23 ft
P-ft.f- 44%
1
5.400
30
Park/Utah
10,500
13%
;
P
32
:
5%
39%
No
preferred
conv
39%
39
26
*29
>
23%
23%
103 ft
;
5%
■
17
54
,*112%
44
v
;
*13%
*112%
23ft
■
39
1,100
38%
ft
37% Jan
108 »/a Jan.
Paramount Pictures Inc—^—1
Park & Tilford Inc
.1
24.400
,
22%.
,
•76 ft
39ft.
14 y*
.11 25%
30
?;i
; 31
78
54%
54 ft'
26%
44ft
ft
22ft.
I *76%
23ft
48
15%
22 ft
>
44 ft
*42
15%
[,■/ 22%
74
65
.._8
Parafflne Cos Inc
4%
73%
31
54 ft
23 ft
103ft
•29%
25%
■U
•112ft
ft-
30ft
13%
26 ft
26
*29%
39% V
13% .:
1,000
64%
•
6
39
77
:
XX 53%
39 ft
;i3%
25 ft,
77
78
53
5%
38%
16
23 ft
39%
*13% >14ft
39 Vv
65 ft
.
24,500
*110
74%.
65
5%'
12
78
20 ft Mar 13
17
Feb 26
2 ft
Panhandle East Pipe Line—No par-,
A%
preferred
;
100
Panhandle Prod. <te Ref...
1
100
11%
73 ft
.39%
38
100
3.600
112
78
.
*110
15 ft
15 ft
22%
53%
53 ft
12
77 ft
64%
5%
6
15%
*110%
74%
•!.;* 64'•
;
66
23
15- h
♦76 ft
79
53
38 ft
lx
>P;72%'
74ft.
v
5%
30%
*30
*76ft
72%
X
6ft
:P78P:;,P.
18ft
49%
48%
49%.
112
11%
77
11%
lift
.
77 ft
*110
*110
*110
11%
lift
*75
ft,
47%.
-
*16 ft
18 ft
•16%
48ft
*110%
18
*17ft
48
112
•110
112
49
♦110% 112
17ft'
47%
47ft
•110
110ft
10%
21%'
21ft
,
143
17
Jan
22ft Jan
Jun;
Deo
31% Dec
44ft Deo
Mar 22
,
22ft Jan
39% Feb
7
Feb
8
99% Jan
31% Jan 15
15% Jan
7% Aug
105
21% Feb 16
13% Mar 15
17% Feb 25
17% Mar 13
21% Feb 21
36% Dec
102ft Aug
29
Deo
18% Deo
i
1586
Monday, March 25,
NEW YORK
SALE
HIGH
LOW AND
Monday
Tuesday
Mar. 16
Mar. 19
STOCKS
Mar. 20
*•
$ per share
$ per
%
33%
Sales for
the Week
$ per share
$ per share
$ per share
share -
32%
;
$ per share
Friday
Mar. 22
Thursday
Mar. 21
Wednesday
Mar. 18
r.
STOCK RECORD
PRICES
Saturday
NEW
Range for Previous
STOCK
,'/•■■'•
Shares
v.
YORK
EXCHANGE
Range Since January 1
'
Year 1945
Lowest
$ per share
Par
••.
Highest
$ per share
Lowest
Highest
$ per share
$ per share
'
31% 32%
21
106%
21%
107%
24%
*43%
23
15%
15%
'27%
'•
10%
10%
10%
10%
26
46
46
47%
47 V'as
25%
25%
25%
25%
*112%
'f 26%,
48
15%
114%
ii5%
115
57
57
\
28'%
■;.!■
24%
25%
45%
46 Va
26'%
26'%
62%
62%
27%
28 Vb
113
i,icj
903
Kuberotd
Co
Ruppert,
Jacob
;•
17,000
St
2,300
28%
113
15
19 J
14%
15%;;
82%
57%
58 »
*56
>
15 ' '
*107
15'% !
14%
14%
%
57'/a
108%
*107
108
*107
*108
108%
*108
33'%
V 33
108
83'%
•
■'!
84
.
2
*56
86%
107'%!
107
■•.>■•
57
107
89%
57
108
108%;:
< •
99%
Feb
40
4
16'A Mar-
9
10'A
Jan
16%
Jan
10'% Mar 13"
13 % Feb
5
29
Va Jan
4
19'A
26%
33
33%
33:
<
108%
:
108'%
108%
33
33
33
•
71%
31
72%
72%
4 30%
73
31
31%
;
*13%
*
41%
13 %
14»%
42'%
413%
20%
V 20'%
20%
20%
20
*111%
112
26%
26%
26%
27
33%
34%
34%
*13%
-
32%
-
:
'> 41% *42'%
*13%
".
112
/•:
'
73
14
42%/
42%
42%;.
20%
20%-;
20 ye
50% Feb
6
33
Mar
48
Oct
9
21
Sep
34
Dec
Jan
56
/Nov
19% July
110% July
>>28
52 V2 Jan
3
24% Feb
Distillers
26
63% Jan' 24
Corp
v18 f
28
126% Jan
26 '
Jan
11
Jan
31^
114;
Jan
107% Feb
13
110
30 % Feb
28
/67
Jan
26Va Feb
25
107
preferred.
111%
111%
*111%
114
25%
26 %
x25%
26
35
35
34%
-34%
34%
103'%
103'%
*111%
;■//
H4
34% •'"•v35VB
'*103 V4
104
'
59V2 Jan
8% Mar
77.-44%
41% Aug
/
3
424%
Dec
61%
Nov
x42%
24
109%
Feb 1
Nov
<81
*80
*80;
•'
82
>
75
%>
:»
21%
•:
30%:
30%
31
>
31%
:
12
12
12 %
11%
11%;
12 Va
'-11%
46'%
45'%
*74
'.
46
*39%
-
'46
41
45
22%
>
*39%
-22
75'
22%
75
•-
*39 %
40%
18%
18%,
18%
61%
64
>
19'%
61
22%
24 ■>.
*22%
'71%
36%
36%
15%
15%
.!
24 v
15%
<
72 Vb
*23.. u
72%
35%
>; 15%
.>•: 6%
6%
6%
/ <-' 6 %
6%
34 Va
34 Va
34%
56 %
56%
56%
182
>
>
36'% V*
*182
57%
57%
26%
57%
58%
57'%
52
51%
52
50 Va
•
83
*21
21%
26
*92%
21%
•23
65% W
,
24
Jan
'Jan
4
/
26
11 Vk Jan
3
41% Feb
38% Jan
26 t
.
Oil
Corp—
10
——No par
j ilTVa
———15;;;/
Skelly Oil Co.
5V70C
"2,300
'
Sloss-SheXfield
Steel
&
Iron
:!$1.20 preferred—
20
3,:
77
74
;;•;! 15%
•16
;
6%
-
"6%
f36'/a
!■•;
'■"! 15%
-6%
i
•
57 Va
.
•■■••'57
•.•
*184;
•188
■
-57
•
-57
26% V'27Vi
36%
i vvae;:/;
58 ;:'V
56V2
50%
*
367/a y
57%
•
*83%
,
190
91 V Jan
9
1
Southern
'2,900
California
Edison
2 ■: V 37
53% Feb
27
J
52
175
25;
Southern
5%
1.700
>.
.7.50
Southern Pacific Co.
3.600
10
3)000
-No par
.No par
Railway
11 V
& Ohio stk
Spalding
tr ctfs.
185
Feb
>81
•
\
•
'
Nov
Dec
12%
Jan
A"
■
Dec;;
-46%
Dec
"44%
Nov
V ?21%
.
>
Nov
70%
36%
.
Dec
65 Va
Dec
'22%
.
Dec
'24%
1
Jun
62
<
! 88
;
155
Apr
180
Dec
/
Nov ♦
\
37
i Nov
' -24%
:
1
7
.
Dec •"'•-
•60 Vb
Jan
>
Dec
7%
:
Dec
'i;
38%
Jan
;
6
Feb
Dec
36%
Apr
17
32%
Jan
,60%
Dec
64%
Jan
>87%
Dec
4
Jan 29
96 '
•
-
Oct
18%
'
v
( Dec
40%
•
Jan
> 26% Jaq
17
Jan
(4 $6'
Jan
'4% Aug
20% Aug
40Vb
18
66% Feb
4 :
Jan
.22%
;
29% July
6
Feb 26
•91
"48%
V
28
:48% Mar 13
1001
;
26
:V 54% Mar 13
Jan
July
Aug
13%
1
39% Jan
;
3 V 127 /" Feb
Jan
% Jan
•'
Mar 21
-
59% Feb
26
33 V4 Feb
:•/ 22
—100
preferred.
non-cum
.Mobile
;ft!v!-f^93
98
Southern Natural Gas Co.
3,000
'.iii
84 Va
' 84 %
;
#• 15)100
58
"-57
i-51%
Vyi'i
■"!;/!•;;
Oct
Nov
/79% Nov;
22% Jun
>
> 8% Feb' 5
6'A Mar 13
30'A Mar
Dec//
Dec
■
20
15% Mar 14 '
:
.
Jun
•
:> ',25%
14VB Aug
U
■;
'28
0% Mar
>
>:
Oct
100
M 41% Jan
15
39% Jan
4 17% Jan
:■
Aug
15
Nov
21%
> 30% Feb '
7
30
r
'
32%
11,
24 V Jan
Feb
Porto Rico Sugar——:No
6%
100.
\
36%-
26%
52%
,-84%
*93
99
<
45'A Feb
20% Jan
>86% Mar 19
Mar 14
1;
"Greyhound Lines."—5
par'^
preferred
L—100
1.900
A
5
'.Ur'-'-t ~.},n
Southeastern
South
16
16
'34
15 ;
...
6
4
27% Feb
Suuth Am Gold St Platinum—
5.900
5.700
57%-' "
36%
•
58%
v-i 51%
85
*92
.
Socony Vacuum Oil Co Inc
13%
24
7 iv
'
'50%
84%
;>
6%;?i i:V,V
-
:r^i85"v
188
36%
Hi>94
-
8
Jan
•89
14% Feb
26 V
"71
-
400
46j600
37
36%
-
•
26
.•'"v.
16
■
etitth <A O) Corp—
—10
Smith & Cordna Typewriter-No par,
'1.600
'
'
38'
'6%
36% •';37ivt
,
76"
•
50% Feb
.
Jan
8
Dec
24%
114
>74V: May
6,
14%
40"
.
12 Va Mar
18
Feb,
Dec
>30% Nov"
Sep
16%
/
Dec/,
71 %
Oct'
"7%
<
•
Aug
,
37
Aug
78
5
22% Jan
'
:jNo par
107%
;
■
Mar 22
19'A Jan
;
22'A
7
34% Jan
Jan 22
T
- <
74%
37%j•••'••-38 ' •;
74
*37%
/
>77
113
65% Get"
16
-
Feb
54
■v
9
Feb
>20%
20
Sinclair
30.000
V
"23
27
'*22%
;
36 Vb
84'%;;
'21%
23
300
19%;;/
64%.
26%
>
84
94
19
17
40% Feb
66
'
.)
Simmons Col-
4)700
41%; i
*40%
•
367/b
36%
>
*83
,
)
•
V :
•
;—No par
Pen
Dec/
114% Jun
•■•'
Nov
I >7 7
Mar
7
I; 35 % Oct ■ /
17% Mar
V
28% Jan 22
Silver King Coalition Mines
8
—-No par
t
81monds Saw & Steel—J—No par
12.600
5
;•
24% Jan
2':$i >82
Feb
4.sa 25'A Feb
.77 % Jan
Co—No par
—15
(Frank O)
(W A)
Shell Union Oil.
8
7/; 106
98% Jan
!23 •/<; Jan
::
29 ^
-
29
113% Jan'
27% Feb
Sheaffer
30
8.100
13 -v:
48
No par
preferred——
conv
''
*183
'
52
94
40%
e-22— -22% ■I'/v
'37%
16
'V:
35%
58'%
51
■V
.3
m 57
%
186
.36'%
26%
83
40%
65%
24
6%> V: •-' '-6% V"
•
:56%;
36%
*91
: ./
22
15%
35>
26%
'•
/
17'/« Feb
45 Va Jan
■
2
Shattuck
3(600
■J'p"
74%-"
12
•
19%
'
22
26% Jan
-No par
Sharpe & Dohme——..—JNo par
i
83:50 conv pref ser AijNo par
200
33%
■'
:
47%
-
66 i
'
*73
,V
16
36%
36%
33
•
19'%-. ■">; 19 ■
a#" 371/2
56%
182
12%
48
65%
*22%
/>
'21%
*73
.;'t
Vis;
'
.
-40%
'1
22
24
11%
•81.
,
'■>
3
$4.50 preferred
•-$5
11.100
33% Mar 22
3
20'/a Jan
Sharon'Steel Corp^
V240
!
29%
111% Jan
Shamrock Oil & Gas.
I
i6 >,
55%
182
?.-;v
;>
*33%
182
19
64%
'
T4 •"
33%
46 Va
12
81
:
21%
104
27%
•
32%
i
46
-
40%
•?
•
'72% -'74 •
37%
37%
37J/a
*36
74
'22%''
;i!: 22%
22;
'33%
'
-
27%
82
% - £'/ 21%•'■••'•••
74 ' i '■
'
-
•
66%|%;'
J'-:*-1
71%
74
40%
-19%
19
o
22%
22%.
*22%
22
>•• 45'%
46%
61
22%
' *74
•■•
27%
*81
82-V.^':
*80
29%
22%:
30%
;•• 104
26% ' 27 %
30%
*22
"74
.
>8i/>
81
v
;
';•!>
27'%
26'%
i;
Co
8
108'A May
.
.
'
12% Jan
8*
>•• Jan
2*
-.19% Mar 13
Inc common——
&
11
16
77% Feb
3 '
Jan
37% Jan
i'36
Roebuck
Servel
7.obo
1,100
-
Gel
Sears
i3o
:
A
Reagrave Corp_i—
'4.;;;
•
1
w
preferred series A w
Seaboard Gil Go oi
30)300
•
"
*103'% 104
26
25%
25%
25%
103%
,103
103
*102%
-.5%
•
9,000
5,700
25%/ 26%;
Air Line ctfs
Oct
115% Mar
89% Mar 22
23
•
.
:
114'A Mar 14
Jan
53
.
37
/ 28% Mar 22
-
80% Mar 19
—
' " 100
v
20 Vb"
26% ;•
"700
; ••••.
'V-v-
14
*13%
;
Vv:
'
Nov
34'/a.Jan
■
Seaboard
Dec.
29%
.:
24% Mar 14
£4 preferred
"2,700
'
Dec'
42%
Apr
43% Mai' 12
100% Feb
10
tip:,
33% V;
33%
33%
26%
-
><
33
-41%
•
20'% •20% ;'
:
73
■
Nov
pa*
Schenley
108%;;,., >\ir
32%
-72%;
,32%
,
V14%.'
14'%•■;,
42'%
20'%
*111%
35
*111% 3.12
31%
'!'*"•
33
72% '(■! 72%- .:,v. 72%
31% V
31%
*107%
108%
-A
33
•'72%'•;
*71
'.'•41'%
14%
41%
::
*107%
>/
Dec
18%
.
*108
Dec
.31
6% Aug
I
Nov
106
14
Mar 13
Oct
46'A
•
17% Jan
>
Dec
——5
(The)u——-,-No
Paper Co
Jan
Sep
25
Stores.
.'•;> £4.50
37 Vb Mar
28
3
40
31%
29
25
32V2 Jan
'/8 Jan
New
14
Jan
Dec
,
.23%
20v'
12
••?:.
.
42% Jan
4
''
Jan
Nov
37
26"
J&n
Scott
1'4 Va
110
Feb
113
500
16
Dec
Nov
417% Dec
7
Feb
preferred
Savage Arms Corp____
-:
Jan
47
..
'
5 %
21,400
•/:
Jan
98
14
6,100
57
857b
57'%
Jan
15 Va
16
108% Feb
,
22'A Mar 11
I-ead
Joseph
Safeway
70
87%
15
Jan
33%
115
> 24% Oct
26
■
Copper Mines——Typewriter--—I
: 1,300
3
Jan
"28% Feb
!
2"
38 Vb Feb
i
—No par
—
Jan
45'/a Jan
3/
104% Jan
Jan
ll'A
136
37 Va Jan
•'
102'A
15
110% Jan
7
20% Jan
—100
19'A
29
26% Jan
K
16
113'/8 Jan
■
2
Antclcpe
Royail
:
62%
28%
113
113%
Company
Koan
10 200
,
series
31% Jan
113% Jan
Mlg Co.——
——1
'Hi tteld Oil Corp__i._i— 4..W0 par
Ritter
9C0
;;
106 Va Mar 11
Rheciu
2,900
,
3.60%
4
40% Feb
18% Mar 14:
•
10
-———...
Preferred
'3,700
107/a
25'%
26'/a
61%
27'/a
114
10 Va
25Va
47%
46
*26%
'61%
26%.
114
10%'
"
*25
■
26
61%
•
V
-
isy8
108%,
*107
16
28'%
in
.57%
'
15%
110% Jan
6,700
%
15%
15%
.
24%
29
"
48
,,
25%
»
27
24%
15%:
10%
"/
Common
2
-
•
50
.900
23%
*28'%
26
•;-";v":
•;/!
108
conv
29% Jan
Reynolds Metals CO—
No pat
5 % % conv preferred
100
Reynolds Spring—
—I
Reynolds (R J) Tob class B——-10
;; ; i4,8oo
45'%
108
15%
:
-
10% >
10%
*25%"
80%
14%
23%
*44
108
"
,).
114
*112%
115
43% ' 44 %
15% "4
62'%
62'%
%
26%
X26%
26%
115 '■<:
2,200
107'/a
!r
2814
25%
62%
62%
62
62
25%
210
22%
No par
prior pfd ser A___—IOC
Revere Copper & Brass.--—No par
5 % %
preferred..
—
100
,'2,200
42
27%
,49
25%
34'%
119'%
22%
23%
26
V
*48
.
34
*117
41%
15%
10%
,
> 25Va
;
34%
23'%
'44
6%
200
8,400
..
118%
41%
108
Republic Steel Corp
420
22%
44
' 27%'
10%
,
26
-26
;
108
41%
24%
16
27%
■
;•
21%
34'%
16
23%
;
>
16
'27%
113%
207/a
107 %
23% ;r
108
44
108%
*111%
109
41 Va
40%
108 Va
25%
*114
23
*43%
23%
>15%
28
23 %
40 %
44
23%
22%
*27%
-
108
108
107%
107%
?'
23%
40%
40 %
24 %
39%
44
39%
*43%
24
40
24
33%
118%
34%
118
118
: 21,300
33%
4
21%;
*107%
108
34% i
34%
118%:
118%
118%
112%
20%
;■ 20%
20
33%
112%
112%
108
34
34%
34
*118%
32%
33%
112%
108
20
107
107
33%
119
32%
112%
-20%.
*111 %
112%
20%
.j
106%
33%
*118
33
*111%
*111%. 112%
20 %
32%
>
<
1946
<
:
15
>/ 62 *
.
80 %• Jan
;
Nov
•
Dec
21%
:
;
,
Dec
93
•
11%
11
11
16%
>: 17
11%
*16%
*94%
100
*41%
43
43
*41%
34%
*
35%
*85
83
i
24
95 %
62%
44
63
;/
•115
/>
24%
>; *83
V.
'•:
•
46
11%
•;•/; 11
<18
ifofe 17%
i
Ik '*96
v,
'••'■"
44%
%
44%
34%
-
'35-!;/
*83
94
63% -!633% 1
'63
■
116
•;:
oparas
Va
—1
8pear 8s Co.
-:
par*
1
10,200
85
19,000
Spiegel
350
'
;
Conv
%
10% Jan
.2 5
preferred-'—.
2(800
"ouare D Co__
1,500
Squibb
'70
•
$4
(E Ri
parr
iv.
,-.1
& Sons New.
—
No
pref erred.—
1'
Mar
26
A
85
26
93 'A Feb
■
46%
♦113
47
39%
40%
126%
47%
126 Va
•47'%
>
•
116 '>
■:•/
*113
,116
40%
47'%
:>
'
*125
127
47%
401/4
127
V
47%:
47%
:42
.127
*126
.
;;
t-
47%
48%
1,15%
*113 % 3.14%
•.
40%
39%
41%
127
47
.*113 > 116
115 Va
41%
42
40%
';■)
127 ' /
-127
127
135%
44
'
39%
64%
44 %
44%
39%
39
65%
22%
20%
20%
*43
23
22%
108%
*108
■
:,;•
43 Va
*42%
43'%
43 Va
43%
*108
22%
*44
44
110
43
108%
108.
:r
-43%
*108
21%
21%
21%
32%
> 32%
22 %
22 VB
22 Vb
19%
19 Va
19%
20'%
29%
29%
29%
30%
17 y4
17 Va
*68
70%
*123
*123
18%
18%
18%
.29 %
29%
'29%
120
44
*
*43%
44
*40
45
*
44
31%
31%
37%
31^4
32
37%
36%
36%
110%
13%
*109
13%
:■
x37%
110'/a
13%
;./!•: 22 Vb
*108
13 Va
19%
20'4
,20%
20%
29%
30%
£# 30 Vb
30%
17%
37%
Standard
!3%%
6,700
.
Oil
of
Standard Steel
18 Va
29
29
121
?
-
.
■■«"••
41
V 43'% ;
n
43
;v-'
38%
45
*108
13%
13%
.;.
109
'
'
13%
19
v
8%
)
124
'
.19%
30%
•'' 125
-41
v
Pk
-:
*43|)|
'*108
"•••*
13%
•
'13%
(The>
No par
A <12% Feb
37
Feb
26
,:
49% Jan
10
26
r;
26
Jan
12
17% Jan
3
.Feb
26
41
41% Jan
3
105% Jan 19
&
"$4.50 series
(The)
Corp—-i--—'---.I'
A preferred—No par
Sunray
cum).
Sweets Co of Amer (The)
64
Feb
Jan
4.800
Bwin <sc
4.800
Bwltt Tnternatlonal Ltd.
38
2.200
Sylvania Elee Prod's Inc.
41
A:
>/ 25
Dec
Dec
121
!
Jan
;
,16
16
6
10Vb
34Vb Jan 28
18%
Jan
Z'
5
10
•/;23% Feb
■
25%
28'A
•
51% Feb
Feb
26
60'A Jan
4
41 '/a Feb
31^4 Mar
34 V2 Mat
8
4
41
107% Jan
16
109
1
12% Jan
2
Oct
Aug
!
18% Dec
109
Dec
>
AND
HIGH
SALE
PRICES
Monday
Tuesday
Wednesday
Thursday
Mar. 16
Mar. 18
Mar. 19
Mar. 20
Mar. 21;
$ per share
*13
13%
^13%
11%
11'A
: *17%
*i08%
$ per share
*11'A
11%
17%
18%
18
108%
*108 y4
13%
109 y2
54%
55%
55%
9VB
9%
*13
51%
51%
517«
23%
23%
24 'A
18%
J8%
19'A
*44'A
46 %
*44%
46 V2
33'A
34
*12%
13%
13 y4
*U%
11%
*11»A
-12
18%
18%
-*18'A
19
V" 109%
109%
55'A
56 'A
55%
55%
55'A
58'A
57
10'A
10%
10%
10'A
10%
lO'A
10%
51%
51%
51%
51'A
26%
27%
18%
19%
-
:
'
•.
51'A
.
'
34
25%
18%
25%
19%
46
45%
34%
35'A
35
51%
51V8
61%
61'A
16 Vb
16
16
17
17
*16'A
105
*103'A
*103% •105
footnotes
see
page
*103
1588.
51
45'A
*45
.
51%
105
108%
51%
24%
18%
24%
-18%
;
51'A
For
109
.;> 25%
Mar
Aug
33
Jan
'■>437
/> 40
Dec
,
Dec
Dec
18
17%
Jan
62
5
307/a
Apr
39%
.24% Dec
■'"' Dec
29
;
38% May
43'/2
Apr
~
61 'A
17
105-.
' 13%
*; .
'200
Talcott Inc (James) i
11'A
ll'A
';-
'400
Telautograph Corp
-•
*18%
108%
-51%
-
19
1.400
108%/
200
58
7%
Jan
Nov
:/>13% "Dec
.,
Year 1945
♦ per share
j
Tennessee Gas & Trans 5ft
pfd-100
15
4
108 Va Mar
Feb
8
26
11.1'A Jan
37%
1,800
62'A.
62%,
62'A
62'A
"44-0
17'A
17%
17%
SCO
700
•
■
Oct
Jan
62
Dec
•6'A
Jan
10%
Dec
4
13.600
; 110
48%
16
Jan
Dec
19 V2 Dec
6
53% Feb
&' OH-+.
4
v Dec
13%
17
29 Vs Jan
36%
"V
105.% July
14
•;.
Jan
3
Goal
9'A Mar
Jan
v Jan
ll'A Feb
62
,22'A Feb 25
52
t per share
Jan'
,7Vs
11%
12
-48
11,500
.
*
19% Feb ' 6
Jan
Pacific
J
T
7%
4
Jan
13
Texas
3.700
37
*153%,- 105
15% Feb
2
17
1—5
Corp
25
10% Mar
'
45% ' 46% '
105
11% Jan
—6
——-B
Producing
Texas'Gulf Sulphur—.
'
-
Tennessee
:
_>
>
/>
Highest
Lowest
$ per share
$ per share
Gulf
45
*103
Range Tor Previous
:
Takas'Co (The)——
45
..
V
Texas
19
.
'
9.900
26%
36
j-e
8.900
17
35%
'62%
*13 'A
'
•
18%
•
.
77
A
11
28
I.
Nov
31% Mar1
■,
Range Since January
Lowest rHighest
'r
/•<••
Par
-
13%
103%
-<
STOCK
..'•
>
Dec.
,
Jan
ft
;
,
25%.
-
YORK
EXCHANGE
Shares
'ioy4
t
*15%
*103
♦ per share
13%
109
NEW
the Week
11%
'
33%
Sales Tor
Mar. 22
18%
25%
18%
$ per share
•
11%
10%
51%
$ per share <!
.Friday
:■
*18%
■'
56%
9%
,
$ per share
/
STOCKS
Saturday
..
'
Mar A,
9% Dec
I/; 4). <"';■(¥•• «•;.<
LOW
«
73Vb Nov
>>127%
Aug
Feb
•/■;
.
31;
Jan. 14
Dec
Nov
>Z 33.% Dec
'25 '
167/s Jan
Dec
■'
> 36% Jan 28
par
■
10
9
3
21
5%
79
4
45% Mdr
Jan
par
>
Oct
Nov >
Oct
,
24
22
■
15
Jan
22
Aug-.
'119%
A.
:
Dec.
'109.
> 57
4
35% Jan '15
135% Jan
*
106
i6'ANoV
r;
5
73 Vb Jan
I
Dec
'
45 ;
Jan!
408% Feb
V
Dec
47
>
Jan
13
2 (•123'A Mar 21
5
;
20%
Jan
.20% Feb
.
'
Oct
/Nov
27
108
••
Jan
Feb
' >|23%. Jan 15
.
/
7/,/
;<
•
49% Dec
<•-', <44% De<j
> 68% Nov
193/4 Aug
18 Vb
No
Symington Gould Corp.
56
V
Nov
•
134%
,
>105% -Dec
10%
23
.,
'
Feb
\ 35% Feb
—No
preferred
1
> 101% Sep
37% Mar
.29
Co.
33%
4
"Jan
Mar 13
:;;
.12%
116
34% July
25
.
33 Vb
6
28% Mar 14'
.
40% Dec
;■/ Dec
"■
38% Jan
•
45% Feb
•
.
49% Dec
115% Aug >;
9'A Jan
:// 34 ','!. Aug
.17% Feb
36
.
Jan
16
7
26
Mar
Jan
>/"25 V Feb
> 49% Feb
109 1
Nov
36%
Jan
51% Nov
NOV
18Va Aug.
31%
1324
Jan
20%
Jun
30%
Jan
55 y2
Nov
Texas Pacific Land Trust
Texas & Pacific Ry Co
1624 Jan
3
21% Feb
1
42
Feb .26
51% Jan
17
Thatcher Mfg Co—
*"-$3.60 conv preferred
27
Jan
7
37 'A Mar
1
14% Mar
31 Vs
Dec
59% Jan
7
61'A
Dec
16
Mar 14
64% -Jah 28
18'A Feb 41
44% Mar
The Fair—,
ST/6 ft -preferred
-103
-Feb -27
105
7
f
.
78%- Jen
17
17
>: 9'A Jan 17
38
2%
67%
10
26
.115
83%
"
Dec
23% ; Dec J
/ 99'A Nov
/;• 61 • ' Dec ;
111% Jan
>
\
;
11
7% Feb
10
"
$4
V
100
31%
Mar 18
406
39
•->
69 V» Jan
:
•
Sep }'•
44% Nov •
Jan
28
15
44% Jan
Dec
;
Jan
25'A Jan
408% Jan
<
26
121-
1
Oil Corp.
100
{
16% Feb
149
26
par
Sunshine Mining Co„
100
Superheater Co (The)——No par
-29
Superior Oil of Calif-
•
26
100
No
(4%ft
47% Jan
8
26% Feb
.
7
Jan
18% Feb
Webster
Chemical
26
24'/eJan
21
37%
f
115 Vb "Mar 21
r
;
8 V
20% Mar
107
Superior Steel Corp.
Sutherland Paper Co
5.800
14
L 8
400
13%
Jan
common—
600
109
l
V
44
39%
'.
•
41
1
26
preferred
Class A pfd
2,700-
43'A
Feb
Ohio
Sun Oil Co
120
900
125
par
3
.20% Feb
<
19,500
14,400
29%
•
-3%
Sun
900
123%
I'!.:!1;; 8%
109
13%
2i0
; 72%
Jan'15
Spring
Studebaker Corp
6,700
106%
t
Stone
18,400
72
43'A
*108
•
30%
V434
Rtewurt^Warner 'Corp
Stokley-Van Camp Inc
•S%
prior preferred
8,000
*41JA ' 45 P'i
43 %
38%
39 Va
tfiy ■ 39
31 'A
31%
i;/:- 31%
37%
37%
37%
39 %
31% 131% :.
V Vv:37 /•-'! 37
:
42
2,300
7,200
20 V2
106%
3(J
124
I
' 900
*123
19
29%
21%
33
18%
72
Starrett Co
'300
29%
<
123%
8%
122- :
:
■;
42 Va
43 %
*42
*71%
123
8%;;, ;v/', 8'A
19 Va
18%
800
109%
28
preferred series A-.
PM .5,400 -:;- Sterling Drug Inc
20%
"
106
::''F '■•r
t
43
19
Feb
;
12% Mar
4;
114
Standard Oil of New Jersey
11,900 3:
-mpipi
20%
prior preferred.1.—-.—No
Standard Oil of Calif.,.—
Standard Oil of Indiana
'20,100
■23%
)-,/■ 49% Feb
26
113
Feb
A 30% Jan
prior preferred—ii-jNo' par
$7
"2,lOO
.22 %
18%
106
72;V/ !;•'
124
8%
"V:
17%
;"■•
107
'21%
•'
,!v
110
13'A
.
;<
1
43%
31 %
39
*109
'32%
22'A
.,*41
,31%
38%
•':'
32%
121
38%
38%
•*107'A
21%
29%
38%
38%
$6
:
"V' 14,800
f
12,900
-
45-'A:
21V2
197/b
45
-45
.
*21%
8%
*411/4
i !•
.i-'V 32%
123
£ *43
.
22 Vb
71% :
45
'*41 %
44'A
; io8
; :
32Va
*123
41
:
44
21%
73
-.41
;
41.
.
32%
124
29'/a
'20%
21
;v.
17%
19
•
i; ;.f -22%
30%
*121
•
43%;, 44
*41
!
^
A108
110
*105%
8%
19 VB
121
*41
■i
17%
*123
*29 %
120
'.
106%
*70%
,
8%
<
:
41'A Feb
62% Feb
Standard G & E Co $4 pref—No par
600
67
66%
'23 V2
100
'20,200
<
..
*108 ''•■>' 108%
42'A
42
17%
124
8%
39%
•
20%
44%
106%
106
:v:;:70.%;v71i!;
8'%
*115
17%
106
124
8
*41
17%
106
20'%
45%
:!39%
23%
108%
It'.1 20'A
42
33%
22 Va
45 v2
;
—
66'A
'23%
*108
:.
' 20% :'
20%
•
65Va
.
-23
108%
;
*108
21'%
*105%
J9V»
44%
32%
;
.
Brands, Inc.——i-No par
($4)60 preferred—.No oar
•
44
22%
29'%
-39%
65%
22%
*108
no
;,2o
45%
* 39%-
65
?;
43'%
31%
.
45
-
.'.rVv
138% '
1-37
—
45%
39%
21 Vb
,21%
.136
41%'
'
65%
*21%
*22
P 135
135
i-. 45
23'%
31%
-
: 133 ;
.
39% V
108%
> 20%
20%
20%
;
*108
108%
: %
45%
65%
65%
•65'%
22%;
•107%
136
.■v.; 45
'39%
44%
39%
135
136
'
:
;
Standard
5,100-
128
i
'
135%, 135 %
48%
j 116
«H4
,
/>
>:;!39-/ Gee ;
,; 107% July
9
*,'//.>
'
•
Mar
Jan.
47V2i Jan
'
16
Mar
/> 95
>: 76% Jan "
Mar 12
47
116
20
Feb
•:'27'A
Jan '29
75'A Jan
>
«
12%-Dec
Jan
32
-
15
A.
21
31
v
.
6% Mar
77/b
16
> 99
5 '
Feb
Jan
112
r
'
A 55% Jan
:/ 33'A
Par
Feb
-25% Jan
13 <;
A 20'A Feb
Jan
80
/
9$ • Jan 29
20
45% Feb' 6
> 40% .r«n 30
13/
•73'A Feb
par
Inc.
$4.50
33
>
15
"
f
14 #
40'A Feb
1
19% Jan
5
92% Jan
!
par'
li%
25% Jan 29
3 I
A; 43% Jan 29
3'
A 15% Mar
•
Sperry Corp (The).
Bpicer Mfg Co—
300
25 '
9Sv:;$4
^r;63!'V;V/
preferred.
Spencer Kellogg & Sons.
2,300
;
$5.51
'Jan
19
par'-
300
-
46 ••■';V'-46"->;;i/:
*il5'% 116
46%
*115 Va
.34:Va
24 V<
'
46
44 Va
*84
,
•■.•
1
(A'G) & Bros Inc.
Witnlrigton—
?
44%
24
95
94 Va
.!'■ 4.800
11 VB p
17% -;
100
■
33%
86
•^23%
;!W
62% i
,
22%
; 100
•
86
62%
;;
'22
r
*17
95
63%
46%
116;
*115;
-22'A
;•-; 11%
23%
24
/ * 95%
•
-
*96
"34% : 36
'.
,05'%
;> 46
>/
36'%
■
95
62%
44%;
115
11% ;
'.84 1
84
'•••': 23%
63
'43%
116
>
/-;;
95%
11;
'22 *.
.
35%"
;..;83.'/'
21%
VP?!:» i:-*i7.;Mii8
100 ■>>
*96 v; .100
v43iV,;; Vi 43 % 44
> 43
24%
95%
62%
44
115%
v.
-.24 <;.
21%
11%
f'.:
*94%
36%
36
86 ;
23%
95%
,
11%
17
100 '
*16%
*94
61%
21
-Jan
10
.
•6%
Apr
x93%. July
-
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4475
163
NEW YORK STOCK
LOW
HIGH
AND
SALE
STOCKS
*
Monday
Tuesday
Mar. 19
Mar. 20
Mar. 16
.
,
A
$ per share
14%
61 'A
15%
13'A
'•17%.
63
13%
V.
54%
10 V4
*51%
52
51%
53%';
20%
20%
20%
20%
110%
110%
42%
42%
43%:
43%
57
57
57%,
56%
27 A
27
;v
18% A 19
57%
5534
24'A
24'A
10%
17%
58
A'
573/4
58
19
:
1?%
19%
19%
19%
;
57
■'
573/4
58 A
60%,/
>>■ 26%.
18
53%
54%
53%
54%
53%
54%
67
67V«
67%
68
67
68
•105%
108
1.7%
;8
27%'
i.
3
18%
18%
18
18 3/»
55
55%
55%
68%
18%
68 y2
69%.
2,200
■
1
''
^
108
*105%
A; 16%
*15%
16
*54%
55.%
.-
23
? 23%
22%
*67
A 4
108
;
68
69
V/TA 26 '
;•:■/* 113.'-.114
115%
*114%
,155%
/> < 39'
33%
>/
:
36
80%
12%
82
71%
A
19'A
19%
A
46 ' A
46
.
A
71%
40%
.A
49%
A
-r
,
46% A
>
27
49%
49%
12% 'A
159
39
32
38%
33
117
31%
i
r
■.
-
145
39
,
A
39%
46
'
/A
'
*83
51%
52%
323/8
14 A;
*108%
25%
*106%
108
*23%
108
*106%
24
25
26
24
25%
<-.■24
v
Union Pacific RR Co
4%
202%
17
45%
Dec
56
Dec
23
10
Feb:
60
102
Dec
77
3
26
110
112% Feb
25
115% Feb
.
5
115% Jan
Jan
17
30% Mar 22
Jan
16
Dec
Oct
52
^ Dec
34%
11
Jan
Jan
.
9%
106y2
Jan
58%
29
98% Feb
May
42
:
5
26% Jan
Jan
•
Dec
25%
Oc<t
77
14 %
Jan
26%
Oct
78%
f
Mar 18
Jan
102%
117%
Dep
Jan
Union Tank Car
1,100;
16.000
5%
United Air Lines
A
4'/a%
1.600
United
1,300 ;
;,A 5%
Biscuit
116
Jan
Co
300
United
■
100
United-Carr Fast
:
300
6% : A
105.800
34
'
13
.
13 y4
Carbon
United
13.500
P \
Co
No
115
25%'
a 25
Aug
Sep
Jan
62 %'
Dec
Jan
200%
Dec
31%
22% Mar
40
Jan
5
109% May
114
66
Jan
82
Dec
26%
Feb
36
; Dec
86
Feb
2
30
Feb
26
35% Feb
118
1
11% Jan
2
.20
24 A Jan
12
par
4% Jan
3
47 y2 Jan
:
No
Drug
Dyewood Corp..——
"■:;■/. 52
■,.
78
; *73%
271'8- A*.
51%
.
14% Feb
V
y
,
18
52
53
AA
United
3,200
"
:
/
5%
10
11%25%'
Gas
9,500
Jan
16% Jan
21% Feb
56
50%
Nov
29%
Deo
14%
Jun
Jan
88 %■ Jun
28
45% Mar 11
5
9 %
28
Jan
a/66
10% May
XI2IV2 Mar 20 ■A
23% Jan
3
a
47% Mar
6
100
Improvement
7
106% Mar
6
par
Co.__13ya /
com
Faperboard
2
110
Jan
■
23
22
Dec
Oct
25
Nov
52
Dec
112
Nov
.
Mar
Oct:
6Vtt Mar
,
Dec
120
Jan
106 Vu
13% Jan 29
52 %
/
89% Mar
>/: 13%
6
58% Feb
9% Mar 13
10
Feb
28
17%
Jan
33%
110% Jan
1
-No
Jan
Nov
Nov
5
Jan .'"
16
3
Dec
13
Jan
38%
Jan
a; 15% -,Jan ."/
7
a 16% Jan
Dec
25%
July
1 %
17
5
preferred
United
1,600
85
Cos
United Merch & Mfrs Inc
:
71% Mar 16
Engineering & Fdy
Coal
United Fruit Co——
17,800
108%.
-M" 10 y4
United
600
Electric
22
Jan 30
54
100
;
-
29
/- 33% Mar
/
7% July'
21
7% Jan
,3
25% Jan
7
12 :■ Mar 13
—-5
—
;
26% Feb.
a
i
——r
Co—
United
3,000
27%
*108%
;
10%
>
A'.;
27%-
}
108%' 10834
121
120%
r
preferred
Preferred
3,000
48%;;
*46%
.
121 y2
200
19% f/,
19
,
$3
Dec
15
26
Stores-—-30c
preferred
Dec
9
Feb
Corporation
38%
120
41% Jan
No par
Cigar-Whelan
Prior
United
Dec
45%: Nov
Aug
Jan
73
United
,
23
Dec
Nov
.104
9
par
United
10%
25
179
27%
151
113%
•
<
18
•
—No par
Corp
29
'
19%
*19 a:
A *46% ; ..48 %7
■:
33 y4 Feb
'
5%
jy
10%
13
v
Jan
9
.
Jan
54% Jan
26
110% Jan
par
Jan
100%
37% Jan 28
119
26
Feb
Jan
109%
7
42% Jan
142% Mar
—'—100
9,200
76%
42
_100
—No
168% Feb
20%
;i20'/4 Mar 11
31% Feb 20
111% Feb
100
-—M
-
■111% July
27% Jan 15
,/
Apr
Mar ' 5
,108
37% Feb 26
;__10
—
preferred
conv
25:
26
2
,»
Inc
preferred
25
Feb
23% Feb
-No par
Corp.
preferred
conv
106
24
United Aircraft
•
19.600'
34;
112% Feb
Xll0%
'
140% Jan
2,100
121
109
A,
63%
49% A
%
m
10%
10%
10%
11.
13%
Dec
15%
>38%,
>/15%-:
38%
15%
11%
11%.
P. 12 a
12
>53 A:.-53< '
*66
66%
*52%
*38%
W
39
46%
>
5%
A
-
67%
121%
121%
121%
.'A
68
.10%
:io%
/
•A
68
50
,
10% <10%
A
38
155,8
16%
< a; 11%
11%
53%
53%
16-
*65
6 m-
'■
*53
,'67%
A
50%
/a- 5%
'■;
171
~
5%'
*171
88%
*87.
88%
.*87; ;
88%
*87
27%
•
27%'
7%
A
'
16%
7%'
125
A *22
A
'
22%
15% A15%
*199%
A
1
14%
A:
51 &
'■*7%'
'.16 >'8
»
273/4!
51%
51%
U
——
S Leather
Partic &
800
54
66%
A
*■
;?• 3,700
6% I
15,100
|
-173%
174%;
>88%:%
83%
A 83'/a
A
3,700
A 400
A: 26.700
v
165A7: AA',16'4% 164%;
'27%
27%
*52
'
27%
53%'
vJ
S
16%
a 7%',
•17
f
*110
23
8%
non-cum
U S Smelting
Mar. 18
A
U
*31%
& 34% >14%
115 '
A-.23
i
r71
*200%
*199.
—
7,800
21%
>
-46%
83
,
Mar. 19
42
42
;
A
A'<:
400-
•'
Mar. 20
AA.*, "■ 10
10%
: *82
90
v
44Va
190
10
■;
..
,
10T«
•
87 >•
1223/4
<
Thursday
,
..
44%
170.
'
*173
50%
,
190
22:
.
Mar, 21
?90
A
46
10%
87
v
.
124
Friday
83
Hi
'
•50
i
*82
AAA
44%
170
\
190
..
•so
::
80%
18%
18%
40
80%
A. / '
'
110
110
.
107%
; 107
"
15%
15%
105
"
::
A
83
*113
:
87
42
*165
>173
A
86
/
A
-
443/4
M170'/ v
-
190
>
-■
84
■
122%
84
500
|
:av ,'10
10%
86
5%
42
A.
■
87% i
123%|
88
■''
49%.
A 4.4; A; 44 >
*155
: 170":
,
A
49%
*43%
'
89
■'
.84
84 %,
44%
3
*36
For
i
'
120
■
170
?
190
Feb
-
11
97% Feb
0
Feb 16
.A 166
29% Jan
.
Jan
Dec
7%
.
Dec
73%
.
i 176
Oct
Oct
Jan
77 Ve
72
■
3 a
21
NOV
48 %
52
6
Feb
89
Dec
67
,
Jan
144%
6
Jan
89'
Dec
Oct
58%
Jan
160
Nov
23 Va
Aug
32
Nov
46
14
Jan
135%
52% Jan 14
84%
Sep A;
50%
Dec
8%
Dec
-
.
85%
Po.w
$5
Vulcan
Dec
.
.
/
'
'
-
I-.,':
*noy2
109%
113%
20%
20%
*20%
15%
13%
13
13%
13%
1043/4
104
104%
104%
109
21%
15%
13%
105
37%
38%
373/4
38 y2
38
38%
38
39
39
39%
*39
39%
153/a
110
110
*20%
15%
15%'
21
Div redeem
Walworth
38%
40
40
40
105
4% %
25
par
•a 94% Feb 26
25
110% Jan
121 y4
-
G St W
Co
—
Baking Co
preferred
18,700
Bros
700
Warren
Fdy &
Dec
52
75%
Jan
110
Dec
Mar
200.
Nov
178
23%
10
48%
Aug
$ per
Dec
Dec
19%
J
per
'
Year ID 15
Lowest
Highest'
39
55
Feb
Jan
.
,
$ per share
sha/e
A 23% Feb
Mar 13
66 »' Jan
.a /
a
a Highest
; -
share
8
13
Jan
13V8
22%
Dec
50%
NOV
Apr
-
34%
Jan
>32
24% Jan 10
$ per share
Mar
21%
4
28
,
24%
Dec
71
Nov
2
90
Jan
28
48% May
104
Jan
2
112
Feb
9
86V2 Mar
104 V
.100
—
"110
Jan
16
115
Feb
15
9012
Jan
103
•'■
44% Jan
18
24%
Jan
37% Feb 26
107
-100
Mar
p an. ■/,; 6% Jan
100
>/77% Jan
^29
3
25
80
Jan
21,
.
;
47
r
Feb: 26
4
3934 Jan
—
100
Xl61 "
100
172
12% Jan
•
3 va Mnr
29
Deo
Dec
Dec
/
123
28
' Mar 20
8 Va
Dep
Jan
118
81
Dec
Sep
59%
99% Jan
5
Jan
45%
Dec
108% Mar 18
I
>120
——
124
Nov
Jau
83
18
45%
Jf)n
55
Nov
45% Jan 30
36 V2
Jan
43%
Nov
89:
57.
Mar 22
51% Feb
Dec
Mar
7
165
Jan.18
120
Mar
165
Dec
Feb
2
175
Jan
15
140..
Mar
173
Dec
86
Feb
21
Sep
V
Jan
3
78
Nov
par
18
Jan
22
20% Feb
6
13%
Jan
20
Dec
par
39
Jan
2
42% Feb
4
30'4
Jan
42
Dec.
108
Feb
18
110% Mar 18
No par
98
Feb
20
117% Jan
14
61% Mar
No par
20
Jan
3
21% Feb
21
19
13
Jan
preferred
-5%%
Warner
-
Jan
.—5
■'
preferred
150
9
Jan
Dec
Dec
Dec
25
Jan
5%
10
49% Jan
'
16%
Jan
39
Jan v3 A 200
Feb
39
.100,
100
No
No
(Hiram)
Ward
38%
*39
300
Walker
7,100
38%
104s/8
25
81 A Feb
Range Since January 1
pref
preferred
5.300
38%
*13%
2,500
4%
15%
13%
104%
16% Feb
8
188A
Jan
,..16
31
IOO
Walgreen Co
13%
13%
104%
.
20
24
100
UIOV2
.
Jan
-
.././• >.■
—
/
•
.:
110%
,1.500
43b
98%
A/ 27% Feb
1
Jan
>10
System
108
25
Lowest
—
RB
113%
111%
Feb
128
Jan
Range for Previous
Detinplng 0o~!
—1
Preferred
Wabash
*110%
•
Lr—
Waldorf
113
25
% Jan
1
Ry_—
preferred
800
'110%
:
.
4
28
p Mar 11/
Feb
21
i.
100
—r.
'/
15% Mar 13 /V/17
117
——
6%
A
*84%
84%
■
9% Jan
8
Inc—:
'
<
>/'
7% Mar 20
>-49
Iron Coal & GQke 5% pfd—. 100 >
._29;
Virginian Ry Co__!
500
'
&
1.300
Jan
.r
Jan
51%
Jun
57
Jun
.a 2% Mar
7
22
79% Jan
154
46
27%
15
1
div partic preferred
El
18%
1588.
Jan
7% Feb
a, Jan
35
Dec
11 %
:
Dec
16%
Jan.,
39
Jan
par
Inc
Va
2:000
A
.*173
6%
Va
84 34
page
77a
a. 84% Feb
Jap, .4 a
Chemical' --—No
Va-Carplina
a 700,
40
see
84
1
preferred
cum
18%
37%
footnotes
"30% Mar:/,
9%
187
•
Mar 15
preferred—
non-cum
% r/o
40
38
37%
Mar 19
27
Victor Chemical Works-
200,
49% i
.*155
:
190
5.000
10%;
87%
84
-
40
*122'%
"
122%
1,300.
-
.
107%
*107"
18\
15%
171
,67% Mar 13
50
No
Vicks Shreve & Pac
42
'
.49%
*179
A
40%
15%
Dec
29
74% Jan
4
Vertientes-Camaguey Sugar Co -6% «
Vick Chemical Co———_ .„5 j
*113
42%
•: 107%
10,
-
22% {
*111
*107
90
49%/ 50
*44
82M AT
"22%
18%
13
Dec
•/mi
11
A:.,
5% Mar 13
.;/ 64 Vo Mar
2
40%
>15%
I
26
18%
*103%
70%
55%
16
5
18% Feb
40%
21
"Jan
Jan
Feb
46% Jan
"18%
*20%
Dec
Jan
18% Feb
29% Mar 13
*40
16
Nov
6% Mar
54% Mar 22
Van Raalte Co Inc_
18 3/4
21
44
26
Vanadium Corp of Am—.—No par
Van Norman Co—
2.50
40%
107%
Nov
28
50
12% Jan
,
70
Feb
8,000-
.
183/4
106
Dec
107%:
38%
A
2
16
1,000
800
50
40 V*
113
14
:
41
Par
18%
107%
Dec
vJan
59% Feb
Feb
EXCHANGE
413/4
*20%
13
12%
*104
82
7
2
23
,
18 34
107
21
*20%
81%
Nov
70
No par
No
Co
■■'■
110%
...
Dec
34%
STOCKS
41 %
40%
M
Laboratories
>
1
.
1,9Q0»
20%
*83
/
♦111
'
123
123
22%
Shares
(
r
115 %
4
Mar 21
60
NEW YORK STOCK
>
the Week
32% V
32%
A- 20%
49%
50
.*81%,;
M'
II
*85%
;
20
*49
22%
42%" 42%
107%
A 10
<10%
84
50
*43%:
'
115
Jan
Jan
Mar 22
35
.
60% Jan 12
—100
preferred
8%. preferred,
tTniversal Pictures
Sales for
$ per share
32 %
19%
:
A
>107
87%'A,
*122%
*■173'
Jan
A
Mar 13
51 '
,
No par
Stookyards Corp
Universal
'6,800
A
Mar. 22
::
31%
/;
-
22%
83
108% A
10% ;?
20
50
*113
42%
♦106y4
*155 1
A
77
:p 77
13%
123
11 /
>204% Mar
36% Jan
conv
1
'$■ per share
32
A
-*49
22%
82%
84
90
50.%
44 %
> -20
•
X42
42
122%
>155
>/
;A
82%
108%
*82
•;
*
*155 V 170
*173
*41%
86
.
;
51%
51
■AA *43.%
31%
'
/
•113
108%
84
84*\'
*122% 123 »
32
49 3/4
*111
A
..
26
.10% Jan
50
50
•M Preferred
Universal Leaf Tob
.A
Wednesday
"■■■$-pershare
20%
22
A
108%
*107
A;
49%
v
Apr
13% Jan „2
.
$4,20 non-o 2d pfd_5
preferred
No par
Universal-Cyclops Steel Corp
I
MM'/
45%
HIGH.SALE PRICES
Tuesday.
*113 ,A'
*111
*113
.: 'A
21%
*79
81
81
'*111
21%
Oct
16%
1^ Mar 2
/>
-a-9% Mar-H -a' 13% Jan 29
par
United Stores
4.800
*99% TOlMf
' 72
United
A 800
A
i43/8 a 14% •
70%
97%
32
103%
2
.
100
-
Co—i
non-cym
$6
■
70
*20
20
49%
49
49
21%
AAA
A; 20
/.
49
21
28
No var
1st preferred
—
1.700
I
97%
-t per share
31%,
A 31%
32
20
*19%
Jan
29% Feb
a 26%
Mar 13: a
Av:
10
ReJ & Mim
S Tobacco
7%
^
,;/:
59% Feb
10
Preferred
100
A
7% ;
173% ;
72%
\,'
share
11%
>47% Mar 13 /■
—1
; > * Preferred
U 8 Steel Corp___
3,700
/
.
.97%
^•45-
$ per
26
—-i-20
Rubber Co
:
Mar. 16
Feb
10
Plywood Corp—
fU S Realty & Impt
700
!;■
27%
;-53%
*52
22%
LOW AXD
$ per share
.Jan
26
No par
1
S
500;
,
'
97%
;
No
cl A—
conv
Pipe & Foundry
U
7,800
1
68%
72%
j /
£
Co—
U S Playing Card Co—
400
54%; f
88 %
U S
600
69%
*115%<r26
♦200%
Monday
Feb
199
—
Preferred
*
,
108
5
U S Lines Co
8,900
A/':. 68 A'
"7%
<16%
16 V4
44
Saturday
20
'
7y4
14%: 14%
'
/
16
'
7%
V* 126%
♦21%
74%
97
*200
y.
43
,♦50
15
74
Rights
600
16%
•'vAa;6%-
y
84'% "
165
27%
96%.
>
__
42%
28
♦115
Feb
108
4
100
preferred—;
5%% conv preferred
50
U S Industrial Chemicals—-No par
.1,300.
>11% A
*63%.
88%
•
16%
16%
*115%At25;
*21%
22%
A
16 'A
A; 68 'AA m 68%
'82%
165
165
•' 7%'
Feb
Jan''
31
22% Mar 14 /
A
46,000
37%
37%
•'
83%
•; 62s,'a
51%
7%
"
74% y 74%
"... 96% : 97 <•
<
'
',
16%
.
*115
83%
163 >>
♦50
,330
7%
U S Hoffman Mach Corp__
6,800
iV'A
:10% .1
,
A; A 63%;
174%
M 68
.
;;
67% <68%
171
•
'
65 V
67%
68%
51% :.5l%'
1
54
A
'
;
70
*11
54
'53%
5% A 6%
H 68%
82%
':
•
■
a; 5134
69%
163
27%
70
105/a
,
11% V
A
65
50 y2
,
66 %
176
82%
106
No par
'a:AAAA'
:<
69'
81%
3,900
■
38%
11%
69 V*
,*163>r:.165 A'
preferred
43 *
' Jan
■
88%
.
310
35
rl
A16%
■
23
No par
No par
U S Freight Co
U S Gypsum Co
>1,800
.v .:
A 204
50% ,51%
10.%...
*37%
•
400
34%
A:A
70
.10%
,
38
15%
11%
68%
$4.50
160
27%
'122 ,A 123
*
a;;
...A;'.. 51% ,.51%
y<A 1% ;; ifV
51%
II !. 1.%.-
107%.-
1
U S & Foreign Sfecur.
'
23%:
•
204
34% ; 35
69 :
~
*106%
■
*204
33%.
68
r-y.
39
15%
>11
107
'
32%
•
liV
*38
•
xl07
*204
50%
'
>
68
176
,177
121%
25%
i33%
53'%;
67
•
2314
■67
A
5%
5%
67
*170
50
23%
;&3%a
66 %
A
48%
106 %
23%
:.A 49%,It
16%
'
'i 25%;:
122%
*66%
..:
A 2514
25%
106%
133/1^1
32%
v
64%
49%
n
64
A
5
24%
3202%
49%
'A;.49
V
26
>112% Jan
4.300
23%
122
122
31% / 32% A
1*
V *63
♦
Dec
Ded
10'/4 Mar
\ 18% Jan 30
3
-100
14%.
A A 5IV4
•25%.:
*22%
122
■■
A.
Jan
-M100
preferred
non-cum
52%
33,.
51%
106% i06V2
A
202%
119% 121
i|202% !>
:y.,J
31% A 31%
/.
107/a
112%
'
'24%
'}
Dec
Jan
Jan
6
106% Jan
66% Mar 15
v
.
-25
—
14
.,-27%
*108%
No par.
Corp
32%
27%
a; io%
20% Feb
20% Feb
—1
-
1334
76%
27%
■
Co
32%
47%
10A
Coach
.52%
121%
;/V.;-a.:.v.-.
33
5
103
.
8
>4
32%
*46%
109% A
10
Jan
29
Mar
7
^an
50
50
52%
>713%:
19% '
493/i
18%
7
12% Jan
114
14% Jan
pfd
prior
conv
Union Oil of California
85%,
v:
>>25%
6'/a
6
76%*'
,
Deo
16
Union El Co of Mo $5 pfd— -No par
Preferred $4.50 series
1.-No par
Preferrd $3.70 series.No par
111% A;1
*32%
.
'
13%
25%
25%
xl20%
49%'
Dec
79
105% Jan
A 700
39%'.
*108
333/4 A
27%
49%
v
23
Jan
34% Mar
par
,
154%
39%
111%
121 y4
27%
Mar
26% Mar
117
45 %
150%
86
A.
74
473/4 a
10
20
,33% Feb
3
Mar 20
16 Ve
par
•
32 %>
'
*113
%A
44 V4
■■■'A 13.
6%
A 19%
19%.;
y4 Mar 15
9
9
Jan
8
2.-800
'
*32%
31%
:
Oct
21% Jan
•
8
-No
A
*83
13 V*
>
Nov
66
Dec
71
26
51% Mar 13
9J/a Jan
Apr
Mar
40
120
*1G8
25%
A/l 2'
'74
74
10%'
*10
32%
19%
A *46 ; A
109 %
9%
;
A
52%
120
27%
13
16% Feb
50
Mar
6,600
158%
*113
•*25%
5%
12
"
'
A
33%
;a
31%
120%
*107%
109%
9%
:
19%
120
*107%
,52
%
73%
19%
27
*49
6%
,"32%
/119% 120
26 %
25%
5%
51%' f: 52
33%;
12 A;! 12: >
12%
71%
'
32%
12%
13% A
13%
*25%
6
5%
15
70
_No
245/s-
120
A x43%
•
*32%
66% Jah
52
56
Union Carbide & Carb
1133/4'
159
*38%
33%
Mar 13
Deo
107%
Jan
3
109%
24 %'
120
38 A:
38
"38 AA>.
' 111%:';:
*108
111%
83
83
A 83
*82%
257/a
<A25%;
51%
32%
1133/4
*108%
24%
145' >
33%
29
'3
10
38%
*108
-A
Sep
50% Jan
101
34%
112
u
Union Bag & Paper^
113%,
158
;
37%
20
56
par
13.100
119%
43%":
144
114 %
24%
117
43%.
■
*112%
109%
"108 \
32%
♦114
A
145
13%
12%
5%
51%
32 A!
44%
Feb
*3
Jam
'
Jan
39% Jan
Underwood
113%
144 A
34
V *33
25%
A
33%
117 A//'
145
%;'
82
•
.
Jun
25
23
27.200
109%
109%
•
12%
25%
V !•'!:' 5%
37
39
A 43A*
'
111%
*107'%
80%
35 A y
,
155%
32%
V
*112%
12Q% 120%
38% '38%
*113
;.A,
147
37%
A
111%,;
*33
157%
157%
61%
Jan
4%
49% Jan
Twin
67%
114%
12QV4
Jan
16%
*
1133/4
155
*38
<44%
44
*143:
♦107%
v
117
*114
A
145
36
"24%
A
Deo
31
No par
233/4
6W2
115
"•A 33% •33%
•A
117
43%
•<145
23%
109%
243'b
9%
29
,
prior piO—
...No Par
Twin City Rapid Transit—!_No par
29%
*108%
Nov
—No par
5%
109 %
*114V4
,
$4.50
107
16%
163/4
28%
114%
Nov
112%
29
111
—No
-4. . ' >
*" ' l'
M
Dec
66%
Oct
'
20th Cen Fox Film Corp
$1.50 preferred
:X55% ' 55 %,
108%
109
24%
*105%
109 %
27%
109%:;.
24%
10a
* 69
28%
*67%
120%
44
32%
*113
■It
68% A
.114%
38%
38%
"39. >"
'•
23%
*112%
121
*120
121
17%
*108%
A157% 159.%.
156Vx
*120
67%
*105%
56%
A. A
114 A;--;
A
24%
24%
17'.
*23%
24%
54%
1,08
55%
,
; 28.34'.,
*112%
109%
*
56
'
19%
July
'
54%
68 %
■
*105%
110
.109%
115%
*108%
>
24y8
24
'
■
27%
V
A.':
113' A-A
:
113
vA
-AA
68%
A
27%
110
109
'*114%
'■1 '> *108
/>
68%"
"
109 %
17
5
•*55%
%:24i -
24'A
*
:
17
17
26%
26%
.'.109%
108
*105%
y.K 54%
54
53%
67
.
Jan
45
10
par
—
L-No
preferred—!—
Truax-Traer Corp—1
13
13% Jan
par
1
:—Nq
8^1
Tri -Continental Corp__
$6
Dec
15% Mar
40 3A Mar 14
No par
!_2
Transue St Williams
20
64.%
68
Jan
22% Jan
108
-10
TrariscontT Sc West Air Inc
16,900
*110
111
par
r,
;
53% July
10 % Aug
4
19
Jan.28
68% Jail 28
Mar 14
8% Jan
2
5iy4 Mar 13
18% Feb 26
par
N(
Associated OilMJ.Q
preferred
L.N,a par
Transamerica Corp
Dec
Feb,16
15% Jan
106%
Water
Detroit Axle
Timken Roller Bearing
'600
10%
10%
1Q%
*110
—No
$3.50 cum preferred.
Tide
49
15%
100
/_
"
"T0%
111%
18%
17%
*27
28%
*26
Man
Thompsou-St^rrett Co_.
4.700
26%
10%
17
Ttmken
563/4
111
20
| per share,
9%-Mar
70
8
Feb
Highest
$ per share
16
17% Feb
Jan
conv
1.945
iear
Lowest
share
5
12
$3.75
*56
18%
preferred-!.
13%. Jan
60
2,200
58%
-1
_r.
50
>20
44%
573/4
div
common
$ per
share
par
800
9,200
;
-A1
111
'44%
6,900
■
2,500
7,200
10%
17%
18
*110
58
45
112%
*111;
?03/a
44%
44
2734
10%
112%
*111
112%
26%
11%
58%:.
20%
44%
V
19%
57%
♦
56%
10%
10%,
10%
♦111'
19
'*
57%
11%
58%
110%
Co
;■■ 4% preferred
20%
$ per
.—-23
Thompson (J R)-i—
Thompson Products <jom— No par
/AAA 3Q0
a 2,100
58%
,11034
58
*57%
19
57%
19%
,
Range Siuce January 1
Highest
Lowest
Third Avenue Transit Corp-.No
;
,11.%
111
44'% '
43A4
A
*11Q
.
17%.
56%110%
54
10%
$2%
230
54%
*108%
Thermoid
3,400
17%
55
110%
20 3/8
111
13%
10%
10%
55%
*110
Range for Previous
STOCK
Par,
4,500
20%
10%
111
63
13
17%
54
A
A A 10%
63
*108%
■"
A *52
a; 19%
10%
153/4
13%
*17%
54%
110
153/a
64
13%
17%
54:
*108%
110
YORK
EXCHANGE'
,A: Shares
15%
*62
13%
*17.%
54%
*108%
63
\
55
19%
*1;1Q%
i'..
62
NEW
the Week
$ per shar$
share
15%
15'A
•
13,%
"14%
$ per
10%
10%
1-9%
A
15%
17%'. 17%.
'■
110
*108
15%
61%
15%
61%
A .13%
Mar. 22
21,
u
$ per share
share;
r
*17%
18
52
.,53%
51%
110
*53
'
15%
..
13%.
17%
51%
'108
■V
<15
'61%,
62
13%
$ per
$ per share
Mar.
Sales for
Friday
Thursday
Wednesday
Mar. 18
Saturday
RECORD
PRICES
Pictures
Pipe
No par
1
100
———
75
105
Aug
Sep
110%
Sep.
110
Deo
20%
Feb,
14%
Dec
18% Feb
16
8%
Jan
15% Jan
14
C%
Oct
16%
3
107% Feb
20
91%
Oct
105%
Dec
3
39% Feb
25
13
Mar
35%
Dec
50
16
29%
50
Dep
3
xll% Mar 15
103% Jan
64
_9
£1
Jan
No par
35
Mar 15
Jan
.
Apr
Dec
THE COMMERCIAL & FINANCIAL CHRONICLE
1588
J-** —
MondayrMarch 25, 1946
4. A.
.
V
'
,'1/ V
^
V'
NEW YORK STOCK RECORD
HIGH SALE PRICES "
LOW AND
Saturday
Monday
Mar. 16
Mar. 19
$ per
$ per
share
♦34 Va
.
13%
13 ya
41 y2
13%
36%
37
•85%
*86%
36%
42
-
Yr-;; 13%
147/e
36%
36%
86%
86%
37
.
21
21%
1
21%
*34%
41%
14%
14%
41%
14%
14%
38
,
38
*86
86%
41%
114%
114
114
118
118%
118
41
41%
41%
170
150
111
111
111%
111%
111
111%
111
*116
117%
116
116
115%
116
116
116
116%
116%
*116%
38
38 y2
39
39
28
28
27%
28
28
68%
69
69
'69
69
9%
10
9%
10
25%
♦24%
47%
47%
25
47%
39%
95%
40
95%
39%
95%
26
*23
29
33%
33%
33%
33 y»
33%
33%
34
34 Vs
34%
41%
41%
41%
41%
*41%
43
*41
*41
43
♦41
38
38
37
■
34%
34
Y
37
106 y2
♦105
:
39%
•105
42%
>
34%
34%
35%"
41
41
41%
41%
40
41
300
37%
•
36%
106%
37
33%
32%
•
8,600
37
1,000
107
10
*99%
*99%
104
♦102%
102%
*29%
37%
104
*100
48%
49
14%
102%
101%
30%
*30%
YY 37%
38%
37%
37%
'
-
Wheeling ft Lake Erie Ry
5%% conv preferred
Wheeling Steel Corp
'
102%
30%
31- ;
34
10%
io y4
38%
3,000
15%
3.500
34%
•34
34%
10%
20
20 y„
20 %
34%
..."
11
$4
19
99%
=■>$
19
,
*144
*39
40
38%
38%
39
39
39
39%
56 y4
55%
56%
55l/4
56%
56%
*54%
55%
*95
97
*95
97
A
*95
97
*94%
98
*94 "■
97
■-■■■
*95
97
*93
97%
93%
95
96%
*94%
55 y4
55 ::;
*95
97
:'yV 55%
92%
40%
•
;
17
4
30%
Jan
57% July
14-
64 y4
Jan
92'
98
*92
96%
*
*95
96
29
32% M&r
13
39% Jan
30
25
45
40
Feb
40
Mar 22
36%*
Mar 21
103% Jan
*76%
78
78
79
79%
79%
80
80%
*29y8
30%
30
30 ..'
30%
30%
30%
30%
30%
30%
44%
44%
''-■44%
44%
44%
45
44%
44%
44%
44%
22%
23
23%
23%
237/8
24%
23%
24
23%
24
29
29
62%
63%
25%
25%!
X78
;
72
Jan
106 *
Jan
58% FCb
16
104% Feb
,
98%
Jan
21
14
87%
32
Jan
30
21%
26
Y 44
Jan
28
26 y4
Feb
17
Jr
(Del)
16 y4 Mar 13
99% Jan
t
44%
23%
24
"
2.200
Yale ft Towne
6,800
44%
.
28%
29
''64
63%
26
63%
«
25%
28%
26 V*
26
YY
28%
28 y4
28%
63%
64%
28%.
28%
■:
64 y8
62 y2
64
142
26 y4
25%
26
35%
36
12%
12%
25%
v
•
'"
?•
25%
35%
36
12%
:
Y
29
Y
Mar
Feb
Mar
142
29
Jan
9
98
7
Jan
65
Mar
128
14
59
26
13%
5
40% Jan
26
Feb
10% Jan *
7
Feb
9
98
Jan
Jan
18
106
Feb
77
Mar 12
82'/a Feb 18
Jan
37
Nov
53%
Dec
Jan
70
Nov
79
Jan
100
Nov
80
Jan
ioo y4 Nov
.75
Jan
110
v;
f 69% Mar
13
84
Jan
.
Oct
23%
32% Jan
Dec
47%
y
Dec
26
27% Jan
31
13%
Jan
24%
Oct
35 Vz Jan
17
19%
Jan
31%
Dec
61% Mar 13
74% Feb
5
39y8
Jan
25
1
j
Nov
27% Mar 13
.No par
Zonlte Products Corp.
Dec
138% Dec
Jan
49% Jan 30
Zenlt£ Radio Corp—
Jan
40%
28
Jan
22
38
4
38 '
Jun
19% Nov
•
Jan i-
22%
j
24
91
4
Oct
Dec
26 y4
-
21
21% Feb " 7
5
35
12
;
6% Mar16% Mar
19% Feb " 5
100%:Feb
17
Jan
30
•.
16
42% Mar 14
1.300
10.400
Jan
21% Feb
6.500
12%
,
Dec
Jun
20% Jan
3.100
64%
26
18
94
93
Young Spring ft Wire
No par
Youngstown Sheet ft Tube—No par
Youngstown Steel Door
No par
2.400
28%
28%
63%:
Y,
;• y ;
Dec
Jan
Jan
99
1
Mfg. Co
Dec
.8%
0
York Corp
•
47%
83%
26% Jan
18% Mar 19
par
—
Oct
31%
*
par
;—10
No
Dec
103
:
30
35
19% Mar 15
91% Jan
fWml
Feb
Jan
47%
24
12% Jan 29
9% Mar 14
| Prior pfd 4%% series
100
Prior pfd 4%% Conv series—100
Wright Aeronautical
No par
Wriulev
78
107%
-
19 Ya Jan
26
X33% Jan
Dec
95 Y Jan
13% Mar 13
85
Dec
43
Jan
pfd—100
Wyandotte Worsted Co—
37% May
50% May
105% Dec
Jan
-35% Feb
Dec
45%
Jan
26
50
1,400
•
Jan
27 V* Feb
Oct
Oct
38%
101% Aug
31% Jan
20
Jun
56
Oct
64
16
3
34
900
79%
3LYYYY
100
11
19
■
30 y8
y
28
26
,
50% Feb 26
60
Jan
•
Jun
35
•«
37% May
30% July
27% Feb
107% Jan 31
Jan
45
10
'
11
Feb
70
10
;
29
42
•
5
Woodward Iron Oo.
100
:-".s. 94%
.79%,
-
V
Jan
48% Feb
105% Jan
..
No par
Wisconsin El Pow Co 6ft
37%
27% July
31% Aug
Worthington P ft M (Del) —No par
■
*91
YY
•
131/# Feb
:
40% Jan
Woolworth (P W) Co
Y '
96
95%
'
*95%
94%
96
93
:
Feb
56
32% Mar 14
1,000
Y.
y8 Jun
96% Fib
400
58 y4
14
32% Jan
2.300
56%
57 y4
-
Jan
26
Feb
9.900
40%
56 %
56-.0:,-
40%
56%
56%
—
4%
Jan
—No
Dec
Dec
Aug
Co
Dec
61
43 y8
1—1
preferred
$4.25
Wilson-Jones
1.000
Dec
3%
Jan
26 y4
100
100
.—No par
No par
Wilson & Co Inc
1,000
40
115
<
32%
14
Motors
Nov
16
0.
Willys-Overland
9,500
20
—yy
56%
40
56%
55 %
94%
78%
•>.
?
*144
56%
*
17%
100
*19%
*144
56
*54
20
22% Mar
>:
14
Oil Co
Wilcox
V14.000
21" V
100
100
20
2.400
Dec
53% Jan
Mach Corp—
—1
preferred
No por
preferred
—:—20
Prior
200
10%
16%
17%
*99%
19%
19
34%
20%
20%
17
100
100
v
*34%
X10%
10%
20 y8
17%
16%
17%
"144
♦144
>
19
••>;
:
10%
20%
'20%
99%
18%
17%
20%
100
100
19
.20
17%
20%
17%
17 y4
100
yV
118%
#32 y4 Jan
conv
'
10%
;11%
Sep
69% Mar 21
2
36% Mar 15
White Sewing
85
50
113%
15
White Motor Co
38
86%
*34
&•: io%
*34
'
Dec
18
31% Jan
White Dental Mfg (The 8 8)
15
15%
*85
88
112
1
pref
$5 conv prior
190
r; 700
85
38%'
15%
86%
*85
*85
34%
34"%
94%
i100
,
49
102
31
38
15
14%
14%
14
49
Jan
46% Mar 12
2
87% Jltn
—No par
2.100
*70% 74%
*100% 102 y2
I
"
102%
30%
*
88
*85
88
*18%
49%
101
13% Jan
25
12.50
No Par
$3.75 preferred
'
10 %
*144
70%
102%
48%
48%
102%
102%
30%
38%
♦34%
17
102%
30
*85
100
,
*30%
102%
14
14%
70%
*100%
48
38%
.37%
14
74
*99%
30
30
74
103
*70%
*70%
48%
48
47% 5
47%
*101
'
74
104
♦70
: v.
25
9% Mar 15
'
74
*70
Oct
11
No par
Instrument
Westvaco Chlorine Prod
37
Jan
,122%
No par
Weston Elec
*105
.
106%
118%
Jan
Westinghouse Electric Corp-j.—12%
Preferred
12%
25,300
■'
113%
Jan
57
Auto
Westlnghouse Air Brake
260
42
106%
*36%
♦105
106%
33%
*41
42
■
;■
Jan
109%
Dec
Class B
v
34
41%
41%
26
100%
Jan
Preferred series A
-100
Western Union Teleg class A-No par
17,200
r'.f
23% Mar
;
115% Mar 13
3
110
Western Pacific RR Co com—No par
39
43% Feb5
3
4
2
106
700
33%
.
34%
33%
42
37
38%
33%
v' 33%
41%
"
106%
<:
Jan
2
200
*23
Nov
Jan
9
2,900
26
37
36
112
30
48%
39%
Nov
Jan
26
•24
Nov
89 ya
Jan
10
39%
26
*24
YYv
33%,
*25
-
38%
Apr
Feb
10
1,000
Jan
84 y2
44
10%
96%
24
115% Jan
>
Supply Co.
10
Western Maryland Ry—-——100
4% non-cum 2nd preferred-—100
96%
1
11
,41%
35
Western
96%
Dec
Feb
87% Feb
3
115
1,700
96
16%
Feb
3,200
48%
May
27
69
♦24%
9
35% Feb 26
7
112% Jan
69
25
31
—1
69%
49%
Dec
16Va Jan
No par
Western
,
47%
Co
31
*48%
30% Jan
Inc
30
25
39 Va
95
40
39%
it"
■
*105
25
31
119% Feb
10
49%
47 %t Jan
85% Mar 15
100
Lines,
Dec
25
Feb
115% Mar 19
preferred
Air
33%
Jan
100
30
'
39
38 y4
*22
*24%
*48%
,26
47%
95
*94
95
*93
*23
25%
48%
4%%
10
Dec
Mar
113% Feb
pfd
Nov
32
20
23
4%%
West Va Pulp ft Pap
2,600
♦114
21%
24 y4
16
6
28%
10%
9%
10
41%
West Penn Power
14% Aug
35% Mar 14
Feb
preferred
6% preferred
7%
68%
68%
68
41
41
♦114
28%
•27%
28
68
40%
114
114
'
—
40%
39%
40%
.39%
*114
*114
;
1
-
$ per share
34% Feb
9
33% Jan
No par
100
100
130
117
•
Highest
t per share
12% Mar 14
preferred
280
in
,
22% Feb
24
Jan
28% Mar 14
No par
West Indies sugar Corp—
-1
West Penn Electric class A—No par
$4 conv
6,300
111
*9%
40
5
Wesson Oil ft Snowdrift
114
111
48
30
Inc
Tobacco
1,300 '
'
,
118%
119
*24%
18% Jan
1
Webster
41%
114
119
.*118%
119.
*114
5
par
9
Year 1945
Lowest
$ per share
fper share
Par
•
>
Wayne Pump Co
100
111%
iny2
•
7,600
86%
41%
Y'
119
*118%
37%
37%
*86
119
♦ii8y2
:•
Washington Gas Lt Co——No
300
i;:
•
Waukesha Motor Co
1,200
;
Range Since January 1
Lowest
Highest
Petroleum Corp
Warren
300
32 »/4<
••
■
•
1,400
35%
32%
41 %
*41
Shares
-
32
114%
.41%
114
114
112%
•■■■'
88
41 y8
„
112%
116%
41%
13%
*86%
88
41 >/4
42
41
*112%
41%
share
Range for Previous
STOCK
"EXCHANGE
the Week
"
-36%
90
31%
30%
41%
13%
*35
35 %35 lA
30%
30
*40%
13%
21
36
V *34%
,
$ per
share
21
21
21
.
*40'/a
42
*41
30
.
$ per
YORK
NEW
Sales for
Friday
Mar. 22
Mar. 21
$ per share
.34%
34%
34%
29%
STOCKS
"
>
Thursday
Mar. 20
share
20%
34%
29"%
36
29%
29%
21
20%
20%
*19y2
$ per
share
r
"
Wednesday Y
Tuesday
Mar. 18
31
70% Dec
,
Jan
29
20
Mar
27%
34% Mar 14
42% Jan
15
Dec
13% Feb
6
34% July
5% Jan
44%
10% Jan
12%
Dec
Jan
2
Sep
-
j'j
36
36
36%
36%
36%
12%
12%
12%
12
36
36%
12
12%
•Bid
and
asked
5
'36
12%
'-12
y
tin receivership,
prices; no sales on this day.
a
Deferred delivery,
Transactions at the New York Stock
Stocks,
■
Railroad'
Number of
andMiscet
'It Week Ended March 22,1946
HfttHrda.y '■.....lY
Monday-
,:Y-1..:yY.'Y"' y-V^
I;
n New Stock
fatted States
Sales
Bonds
K")
.'.
V
'
'
$145,000
3,863,000
358,000
4,350,600
385,000
9,000
4,744,600
4,025,000
243,000
7,000
4,275,000
4,003,000
197,000
4,500
■
$1,868,000
•
4,225,000
$4,000
4,204,500
Y
1,178,730
4,374,000
287,000
12,000
4,673,000
$22,338,600
$1,615,000
$36,500
$23,990,100
Week Ended Mar. 22
8tock»--No. of shares
Jan. 1 to Mar. 22
1946
:
6,336,032
5,238,300
103,876,467
$36,500
$189,650
$2,264,600
it
235,490 t
TotaL
397,000
21,000
312,000
312,000
19,000
132,000
89,000
$1,716,000
$398,000
2,000
Y 333,000
$5,000
$2,119,000
221,000
Jan. 1 to Mar. 22
Week Ended Mar. 22
:>/" 1946
1946
1945 v.)
vi 1945
,
-
\
V
2,670,405
1,683,422
48,995,955
29,978,178
$1,716,000
$2,174,000
$39,608,000
it; 61,000
$23,720,000
4,208,000
v 137,000
$2,604,000
$28,065,000
$58,391,000
Stocks—No. of shares-
94,451,083
Domestic-
,
29,285,000
Foreign government-
1,761,900
22,661,700
368,698,500
ig 675,889,300
$46,085,450
$393,624,800
$706,819,450
.
■
20
1«
Indus-
Rail-
trials
roads
193.94
62.80
March 18
195.33
63.13
5,000
$2,119,000
TotaL
10
mm*
65
Zndu»>
Grade
Grade
Utili¬
40
ties
Stocks
trials
Ralls
Rails
ties
Bonds
Second
100
Bank of New York
10
10
Total
40.40
72.88
106.43
119.04
102.13
109.75
109.34
40.50
„
32%
430
48%-
Par
ask
115
15
42%
10
47%
20
Bank
47%
20 %
44%
49%
Co
73.32
106.43
119.02
March 19
102.19
109.75
194.09
109.35
62.57
40.57
Continental
72.89
106.45
119.16
102.21
March 20
109.79
109.40
195.53
63.30
40.97
73.54
106.46
Corn Exchange
119.15
102.36
109.77
196.70
109.43
63.34
41.05
73.83
106.48
119.16
102.36
109.85
109.46
197.19
63.23
41.11
73.92
106.40
119.16
Fiduciary Trust
102.33
109.90
109.45
First
Bank
ft Trust—10
Bank ft Trust-20
National
61%,
10
Bank
...
Y
■
'
}
Y.
•
63%
.
•
-
61 Vz
100
12%
317
44%
—25
109%
44y4
National City Bank
New York Trust
OSterling National
United States Trust
-- ;
215
—100 337
346
10
19%
' 20%
1001,950
2,000
2f
x49
52
Public Nat'l Bank ft Trust_.17u
v
Title Guarantee ft Trust
45
1,870
42
-100 1,8 L0
*
22
122
—5* Xli7
Trust
1?0
Morgan (J P) ft Co Inc
50%
Ask
200
i00
Manufactures Trust Co oom.-20
Commercial National Bank ft
Trust
Bid
.100
Guaranty Trust
Irving Trust
Kings County Trust
Lawyers Trust
134
111
National
281,000
Trust.
Fulton
442
50%
Central Hanover Bank ft Trust 20
Chemical Bank ft Trust
18,502,000
Grace National
34%
129
Chase
,V
Banks & Trust Cos.
RM
100
Brooklyn Trust
10
Total
First
Bank of the Manhattan Co.—10
Bankers Trust
-Bonds—
369,000
398,000
Foreign corporate
New York City
averages
10
March 16
'
Averages
of representative stocks and bonds
the New York Stock Exchange as
compiled by Dow, Jones & Co.
542,000
17,000
291,000
2,670,405
—
Par
daily closing
Stocks
March 22
$3,000
84,000
455,000
380,000
595,655
522,795
$1,645,150
44,133,900
Stock And Bond
March 21
$314,000
423,685
Y-
$23,990,100
Total
Date—
Total
H'
409,640
v L
5
1,615,000
30
$168,000
483,140
.'if
22,338,600
Railroad ft IndustrlaL
on
$146,000
Bonds
Foreign.
listed
Bonds (ParValne)
Foreign
Corporate
Government
Domestic
; ; 'I
1945
;•
tt Foreign
Shares)
Saturday—
Monday
Tuesday
Wednesday
Thursday
Friday
Bonds
U. 8. Government
Bdow are the
,
o;
$1,723,000
1945
'
Stocks
{Number
Week Ended March 22% 19ii
1,065,550
1946
,Y>
y Ex-rlghts
x-Ex-dlvldends.
wdWben distributed.
"f 2
6,336,032
TotaL
Special sales.
^
1,205,100
WednesdayThursday
Friday
•
Bond
Bonds
ForeignY'
Total
Government
1,052,290
1,282,040
Tuesday
Cash tale.
Transactions at the New York Curb Exchange
552,322
.
r
3
Daily, Weekly and Yearly
,rt
m
Bonds
Shares
-
Exchange
Daily* Weekly and Yearly
-
■
25
89
12
23 %
100
775
1
63%
323 .
46%
•
113%
46i/4
93
24%
805
Volume
163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4475
-
Bond Record
New York Stock Exchange
«»
FRIDAY
the
range
Stock
Last
Interest
Exchange
——--1947
1946 1980
.1946 1949
1949; 1953
—-—1846 1948
1951 1958
Treasury 3y8s_—
Treasury 3Ves—
Treasury 3a
Treasury
3s
Treasury
2%s—
2%s—
2%s—
2%s—
2%s_i2%s_.<2Vis—
2»/as—
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
/ Treasury
Treasury
Treasury
Treasury
J-D
*111.18
MS
*116.18
2s
2s
1%8
.Treasury IVis
Treasury
—
'
York
Telephone
Govt.
sink fund 6s
AGtd
sink fund 6s
107.4
107.6
106.25
106.25
J-D
*106.25
106.27
104.9
106.19
103
106.8
A 6s
>1969
102.22
106.10
External
1970
102.11
106.9
Refunding
102.11
sec
s
loan 4Vis.
f 6s
External s f 7s
No.
No.
No.
3%s
*%s
Series No.
Series
No.
&%s
Series
No.
3%s
Series
No.
3%s
Series
No.
3%s
Series
No.
?%s
Series
No.
10—
Series
No,
3%s
Series
No
For
footnotes
95 y8
94%
93%
90%
96
108.30
109.15
.1984
j-j
♦70
101.15
105.4
-I960
a-0
111% 112
3%
■
J-D
y
107.4
106.30
116.1-
100.29
103.21
101.4
•
103.5
J
}
103.20
*103.19
103.9
103.22
•104.1
102
101% 102
•
*
:
■v:'
f 7s,
■
104.3 >.'■
103.27
104.14
v>
—
.1960 ?*
6s_I—Jpeh
A-O
At O
28%
1961
Feb. 1961
f 6s_
Iljan
Jan
1961
sinking fund 6s
assented
Sep 1961
J
'
"
—
29
1
29 y4
28%
29%
i
29
m-S '
'
AExternal sinking fund 6s
.1962
29
a-0
104.22
104.14
104.26
104.21
104.10
104.29
107.16
101.27
101.30 101.3i
101.17
102.17
I! .1963
I .1963
AChlle Mortgage Bank 6%s_.
A6%s assented—
:>
29%
*■"
29%
28 %
.1957
124% 125%
125%
120%
40
•
■
A6s
29
assented
AChlnese
(Hukuang Ry) 5s
M-N
-w
M-N
27%
A 6s
27
J.
of
1927—
external
:.
27 y8
V
M-S
-V 27
.Jan
f $
8
bonds
M-S
26
*78%
'
361/a
36%
a-0
31%
j-d
:
m-n
1971
j-d
.—1953
page
100%
M-N
Joan
4%s
external
Public
103%
36
96%
;
99 %
...97% m&tm 97%
15
96%
108% 109%
40
106%
110
21
103%
105%
102%
-
102% 102%-
59
101
,
103%
107
1
108%
m-s
m-n
.
105
104
m-s
*107%
j-j:/
•.A*—."''
/■;
107% 108
j-d
v.3/:y;
j-d
13 /:
71
70
70%'
,
108
105
111%
*112%
.
j-d
99%
,
64%
64%
69
'm 69 y:
,
'
3
64%
71
65
—1949
debt
wks
a-o
,
;
x'k*. I
;
.
——>
•
62
62
V
3
:
■
69
;
2:;-'
71
69
58
63
62%'
112%
*111%
112
j-d
*i66y8
.162
166%
A. 1951
98
100 %
64%
98
98%
98%
98%
96'A
97
96
1955
f-a
1962
a-o
90'/8
M-S
<f102%
a-0
*102'/a
1940
a-0
*102%
M-S
gold
5%s
sink
series
1st
fund
5%s__
series
7s_
1967
j-j
stamped
1949
M-S
1949
j-d
t
:
paid
1964
nart,
paid
19S8
a-o
i960
M-N
Jugoslavia (State Mtge Bk) 7s—_T»57
a-o
f 5s
.'Colombia)
5.
Nov.
5,
95%
gi:;
95%
18
95%
1942,
,
*61'/
64
58
63
63
61
V
14%
,
17%
16N
100
61%
63
62%
63%
1
61%
67
63
61Vi
61
15%
agree
M-N
*13%
—-"IT
ni,,..
*21%.
*21 %
21:
21%
16%
*16%
agree
16%
For Financial Institutions
'
foreign
securities
FIRM TRADING MARKETS
65
63
*60
68
78
78
79%
78
77%
80
78
77
80
p-abl
80
79%
62%
60%
*61%
65'A
60 %
63%
61%
62%
61
62%
60 %
63%
61%
617/b
60%
62
—
60%
63
lvfarks
^ FOREIGN SECURITIES SPECIALISTS
63
61%
*61%
95%
104%
99
66%
63
.
101
31
67
63
22
; 19%
"
95%
65
63
■
sun
50%
111
102
*102%
,31
1943
1942,
.
16%
101
*96
q-j
Nov.
16 y8
;
V 100
J-D
q-j
to
17%
y
—
J-D
1899 £—.-l948
A Assented
102%
50%
105
105.
1954
Irrigation—
stamped assented
to
105
1954
«%s
(Prov) 4s readjusted
extl 5s of
50;'^
:
*101%
16%
Irish Free State extl
s
*35
,
—
A-0
1952
1960
(US)
103
>
part
A 6s
A Assented
102%
*102y2 110
A 7s
Mexican
97%o
102 Va
102%
102% 102%
a-0
(Republic) s f 6s series A
Helslngfors (City) ext 6%s
v.
90l/8
*102ya 110
1969
.(Republic of)
AMedpllin
104
102%
a-0
Haiti
A
93%
99
97%
100
102%
1969
Greek Government—
Mendoza
101
100%
~5>r
64%
113
j-j.
French Republic 7s
7s unstamped
'*
115
j-j
*61
71
63
1593.
108%
a-0
A Estonia
v
39
108
1945
;
5%s 2d series
*
94%
108%
69
62%
+
36%
108
/'
114% 115
j-d
—1953
51 y4
96
88%
y
xTc'r#
.1979-j rihefeO
r}
88%
37%
*103
52
"91
*104
AAssentlng 5s of 1899.—-———1945
y",vl"
-/■
91%
62
51%
51%
51%
;
88%
f-a
—1977
5%s
'
36%
M-S |i
82%
58%
a-o
AMexlco
.
81%
51%
91
■vl
>
37
82%
1952
A4%s
60%
•-
115
,
30
—
—1942
5V2S
103
101
108%
104 y
a-o
1955
1953
19
27%
81%
■'
J A 2d
109-120
20
97%
96%
97%
j-j
—-—1949
4:5
101%
101
■
f-a
'ly-
27%
Customs Admin 5%s 2d series .—1961
31%
31%
18%
Rep Cust Ad 5%s .—1942
5Alst series 5%s of 1926
1940
32
31
27
58
»52yW^:-f
•w
M-N
(Rep of) 7s
_-1951
(Republic of) 5s of 1914—
1949
Rica
lADominican
36%
30%
12
24%
22%
82%
f-a
External gold 4%s
31%
32
>
27%
23%
4
62
1952
i
37
36%
31%
100% 101
100%
m-n
":rl?S
281/4
21%
82%
82%
.1947
External
36%// 36%
112
110
>
321/4
*30%
a-0
.
,
271/4
6
30
*52
(Rep of) 8s ser
ASinklng fund 8s series B
IADenm-.rk 20-year extl 6s
36 %
36%
♦30%
a-0
36%
,
*•': •
23 y4
21
jv. 34
27%
61%
a-o
M-N
••V
102%
36%
36%
*36%
-ife
/
j-j
2
36%
79%
"
97%
36%
V
36%
j-j
j-j
77>
79%
,
*102
j-j
>
79%
■!>'•>
82%
.1946
4%s
77
'■
27%
20 y8
■"'V'.:-
27
*29
):<>;
j-j
1961
.1970
A Czechoslovakia
Ayy. ;y; y;!
251/4
'
231/4
*52
External
1-1603
<
21
/.
27%
27
f'i'v:'*'
a-o
'Cuba
;
■
"9
.
"
-w:: •
.1947
A
~r\
291/4
•
■
j-d
Sinking fund 5%s_;
'
27%
231/4
29
28 y4
Mtge Bank 6%s
A Costa
*78%
;;
27
;'/ty
a-0
Copenhagen (City) 5s
y
25-year gold 4%s
NY
27%
•
28 %
ASinklng fund 7s of 1926
A
Sinking fund 7s of 1927
Broadway, New York
29%
21%
19
29
,
.1901
1928
3s
Teletype
25%
241/4
—
*27%
a-o
Oct 1961
of
AColombia
Members New York Stock Exchange
291/4
241/4
';a 21%
(Republic of)—
A 6s
Wertheim & Co.
211/4
9
'
,
a-o
-1960
Colombia
m-s
31
'•
'
j-d
I -1960
291/4
y
j-d
-1962
II
241/4
■
28%
v
j-d
.1962
assented
29%
■
23%
.1961
6sl"Z
sink fund
''-.I
'
29%
21 y4
1
1
vQ;
.1961
AChilean Cons Munic 7s
a7s
*'
29%
21%
k 27
-
7:
.
21%
3-
29
.1961
assented.
A Guaranteed
:
.1961
A6%s assented—
A 6s
a-o
29%
26%
'jJ,
22
29
28%
29%
22%
''
29'a
,
23
21%
29%
•
29%
1
'
631/4
22
2iy4
29 Va
28%
i
•
63 y4
j-d
.1957
A8inking fund 6%s_«.
v"
v"-; y:.yy;"-
29%
28'/a
'•»
M-N
102
'i
;vv 59
•
;
'
28%;?;
M-N
'
114%
101%
■'
' y "
24%
'
Abs assented
AExternal sinking fund 6s
J A 6s assented
:{y; A Guaranteed sink fund 6s
f-a
W
'
'
i
a-0
.1963
'
-m~
m-S
6
—
A
j-j
%
;
'
j-j
-
y
2
•
—'
,
29%
V;
29 v
f-a
1961
Sep
::
1961
!
f-A
•'
/
104.22
107.14
1947
1948
1968
.A.
22
28%
.1960
111%
1
'4,12
-
112%
\
•
29
s
A 6s
104.3
103.30
M-N
.1943
assented
A 6s
A Extl
101.25
(Colombia)—
> !
59%
"
assented
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104.14
1952
j-j
j-j
M-N
fund
78
74%
110%
20
114% 114%--
j-j
1948
.195*
External
sinking
A 6s
••
103.9
103.7
103.26
>1953
.1961
15
assented
A Extl
103.21
103.24
(Rep)
A6s
103,17
1952
3»As-,__
AExternal sinking fund 6s.
103.12
103.15
4s.
'M> *7s assented
103.20
*103.10
'
74%
-
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AChlle
102.7'
1951
v-i
•'
A Carlsbad (City) 8s
102.13
1951
1 $ bonds.
1
:• *
•
103.6
1951
V
■
2%s
109.27
*102.11
f 4%-4%s_.
s
25-year
v
106.2
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s
Canada (Dom of) 30-yr
3
107.22
s
fexternal
^
1,1
16
95 y8
95
102.11
15
see
f 4%-4%s.
93
-1955
No. >14
3%s
104
95%
*102
M-S
M-N
104.21
3%s Series No. 13.
Series
102%
j-d
1961
(Province of)—
stamped.
-1975
9—1—IIIIInim
3%s
103
♦95% 110
1950
Buenos Aires
External
—1978 nt.uJi'D
8% funding bonds of 1931.
> ¥ waH
Stamped pursuant to Plan A
-■> Jlrftrt
Series
102 Y*
101
105
(Int reduced to 3.5%)
Series
100
F- a
88%
j-d
Series
15
M-S
1958
90%
a-o
3%s
101%
1957
90%
1957
3%s
102%
a-o
Stamped pursuant to Plan A
■
(Int reduced to 3.375% ).—^.1979
A7s
(Central Ry)_—
v.—-1952
3%s
102
-1978
*102.5
1
62%
10
106.11
104.20
(Int reduced to 3.375%)
62
60%
10
87 T-;
*103.18
External $ bonds of 1944 (PlanB)—
61
62%
102 y4
621/4
102
86%
62
5%'S
•
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90
1950
(Stamped pursuant to Plan A
63%
90%
1951
Plan A
61V*
60%
'
/
(City) s f 5s
Sinking fund gold 5s
Sinking fund gold 6s
60%
65
*61%
Brisbane
63%
64:
"*■61%
_
.
89%
'"69
No.
No.
62
60%
63
90
a-0
Series
Series
63'A
61
•
62
♦61%
.
F-A
1979
3%s
60%
M-S
104.20
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AExternal s f bvis of 1927
^
65%
.1976
a-o
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63%
M-S
(U S of) external 8s
1941
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(Int reducea to 3.5%)
1978
AExternal s f t)vis of 1926
...1957
IA Brazil
63 ya
60%
J-D
Feb
.1972
8 f extl conv loan 4s Apr
1972
Australia (Commonw'lth) 5s of '25.1853
External 5s of 1927
1957
Bxternal g 4%s of 1928
1958
external 6 Vis
60%
62%
101.16
f 7s 3rd series.. 1957
(City)
61%
60%
61%
.1977
1950
4s
61
f 4%-4%s
External readj 4%-4%s
1947
120
00%
62
•
29
J-D
63%
63
61%
30
107.11
8 f extl conv loan 4s
*
No.
No.
110.11
external 5s
1958
Argentine (National Government)—A
8 f external 4Vis
1941
v
Series
Series
61%
60%
63
65%
61%
28—
110.9
High
60%-
61%
27
No.
3%s
-
107.15
107.5
Low
61%
*61%
...
26__
3%s
107.15
107
—
January 1
*61%
3%s
*107.9
1953
June 15
20
No.
Series
High
*61%
*61%
___
3%s Series No.
;^:: >/ 118.15 ;U8.23
M-S
1951
No.
Series
M-S
'[ AExternal sec s f 7s 2d series—1957
s
3%s
106.15
(Dept) coll 7s A
1945
AExternal s I 7s series B__—1945
A External s f 7s series C
1945
AExternal s f 7s series D—-—1943
AExternal s t 7s 1st series
1957
External
v,
Range Since
Sold
No.
*61%
3%s Series No. 24
3%s Series No. 25
y*
107.17
(King of Norway)
AAntioquia
Belgium
109.22
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A
AGtd
f conv
23
*106.13
194819481949194919491950
1950
Low
22
No.
109.22
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Bid A Asked
21—
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Series
*107.15
<
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AAntwerp
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M-S
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3%s
104.19
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J-D
issue—
'Transit Unification
Foreign
111.18
115.26
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118.12
*104.17
June 15
Dec 15
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New
111.15
' 115.11
116.20
.* 118.10
^
18—
No; 19_—
116.1 1
1980 1965
Mar
Dec
Jun
Sep
Dec
March
—Sept
2s
Treasury
No.
344s Series
3%s Series
*109.20 109.22
*115.31
—Dec. 1964
2s
Treasury
3%s Series
104.4
J-D
1967
2s
Treasury
100.30
100.25 101
~7
Sale Price
17-
.1956 1958
Treasury 2s
Treasury
No.
I"
115.11
*104.2
Last
Period
(Continued)-
Series
111.20
115.11
M-S
Week's Range
or Friday's
Interest
,
3%s
-1952 1954
/Treasury 2s
/ Treasury
(Continue^)-■
External $ bonds
1949- 1953
2s
8
1
M-S
19621863 -1968
1969
June 1964-
Friday
Brazil
1950 1952
2s
2s
Treasury
BONDS
100.2
'
M-S
—
Treasury
Treasury
>
are the only
the range for the yen*.
they
,
100.20
100.18
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3%
*100.16
J-D
2s
Treasury
High
108.25
1958 1963
—
22
J'.,:,| New York Stock Exchange
January 1
Low
100.19
1954 1956
2 Vis
1956- 1959
2Vis..———June 1959- 1962
1962
2 Vis
—Dec 1959-
Treasury
A
♦100.17
*108.23
2 Vis
Treasury
march
100.2
1951 1954
:
ending
105.24
1956 1959
...
■>
No..
High
J-D
1955 1960
week
■
Sold
-
M-S
19651966- 1971
/Treasury 2Vis
June 1967* 1972
/Treasury 2Vis
Sept 1967- 1972
1972
Treasury 2Vis———Dec 1967Treasury 2V4S—
1951- 1953
Treasury 2 Vis
1952- 1955
iTreasury
*105.22
„
for
" Range Since
Bonds
Friday's
J-D
_1948 1951
2%s„
2%s_.
2%s.
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2 Vis
? Vis
Treasury
A-0
1989
or
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Low
^
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Treasury 3%s
.
.
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Period
i
YEARLY
-
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Friday
BONDS
York
New
i
WEEKLY
-
tateresr-^cept for Income and dofault«d .bondi^ Cash****** «alea are disregarded In the weeTa range,
week, .and when outside nf tlw wroiar weeUy-^
In hfootmofojn tne week. in which they occur. No account le taken at such salan in
The Italic letters In the column headed - "Interest' Period" Indicate In eaoh ease the month when the hand* mature^ ■
NOTICE—Prices are ''and
,
'
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40
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103
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6
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s
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100
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< Int
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to
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assented
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1947
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95
25
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73
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—; -
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.
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—
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reduced
to
to
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1952
1948
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as
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—
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21
to
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i
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;
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1979
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yp
14
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*,
series
102
104
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1978
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93
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with
19
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J-D
1948
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footnotes
page
j-j
A-O
1946
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1975
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:
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&
118
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90
i
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93
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of Georgia
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14
——
1
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101% 101%
4
108%
—
101%
100
13
100%
*99%
—
—
3
103%
78
101 %
101%
105%
107
108%
Central
N
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,
'
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•
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—.
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7
114
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v
registered
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:
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;
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—
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,
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50
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82
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48
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1
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56
"
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1974
107
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107
108%
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37
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110
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51
105
107
112%
113
112% 112%
.
2
'
52
107
,
1974
-
■
1987
gtd gold 4s_1949
J
1960
99%
79
27%
46%
—
1949)
121
26
»___ 1987
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102%
./
*38
•
r
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101A
108%
106
26%
—1946
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fACent New Eng 1st gtd 4s
,.1961
JACentral of N J gen gold 5s
1987
105%
1
91
>25%
Illinois
109
90
105
1945,
gen 5s series C
:—.1959
AChatt Div pur money gold 4s._1951
102 %
123%
116%
70
121
91
:
&
104%
124
114%
40
*
y
Nov
A Ref
105%
122%
121
2
p:
106% 106%
t
—.1945
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105%
„
*100'
__
——
-
8 AConsol gold 5s
15
118
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i-f 2
1 >
108% 108% V
&
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mtge 5s
>>U/;
125
116%
'.:■
125%
*
1965/
h
19
102 V2 102%
108
120
108
118%
j-j
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122% 122%
115% 116%
•;j 10132 101 3a3
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V
115%
f-a
8
118
V
j-j
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'Celanese Corp 3s debs
——1965
93
107%
122
15
116% 116% V
a-o
—-1951./
Ohio 4s
106% 109
17
124% 124%
j-d
1955
1956
.i
10
15' /'
I
'
Cart &
Central
*104%
—
a-o
1948
108%
M-N
1948
assented
see
F-A
1972
Albany & Susquehanna RR 3%s
Gen mtge 4%s
For
J-D
1948
1947
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..
12
106%'
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r
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106
105%
1
1
85
106%
,100% 106%
6
'
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a-o
1969
1970
-Oct
—
;;
j-j
f-a
1958
stamped
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106%106«A.
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j
*88
j-d
1984
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trust 4s of 1907
s
84%
105%
1955
.—I960
tf A Carolina Central 1st gtd 4s—j.1949
'Carolina
Industrial Companie*
A
104%
>
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§A5s
14
105% 105%
,
iCanadlan Northern Ry deb 6%s—1946
Can Paic Ry 4% deb stk perpetual
20
•110
M-N
1958
external 7s
:
104% 104%
*106%
104
'
1957
4%s—
1979
A4 Vas assented
Railroad
f.
1978
conv
3%s extl readjustment
(City)
4%s
:"V
1937)—
4-4y4_4y2s extl readjustment
A Warsaw
gold
14
14
M-N
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13% :...
Af-N
conversion
74%
74%
—
Oregon Power 3%s_--iL——1974
Canada Souinern cons gtd 5s Al—1962
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35
1960
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.3 76%
.76%
'•
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l"
*13
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1940
readjustment
180
' 15
84 Va
75
!
•
^
i
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1955
'
11
J-D
1964
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——
gtd
66
65%
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bonds of
74%
.-..1952
5s„
"8
JW-N
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($
''
106%
106% 100%
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73
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106%
—
76
101%
at
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73
t
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84
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56
1958
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—
—
—
—
101
—
1969
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56
1962
Sy'rcv 'City) 8 f 5s/3S
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133%
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102
102%
53
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>106% 106%
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1940
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modified
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l
1958
of)
105%
98
-w
,103%
104% 105%
105
1950
i
to May 1, 1947)
-
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1968
assented
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*101% 102
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NL-S
_2012
3.5%)
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r,v
,
external
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3%
98% 104%
5 A 1st & :coll' 5s-__-----1934
i
J-J
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-
103'
104%
102% 103%
*103
—
.—.1970
r$BurHhgton Cedar Rap At Nor— %
Stamped pursuant to Plan A
(Int
'
101%
101
.
2
101% 101%
—
—-.1969
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88%
9
1
> 132% 133%
W
Niagara El 1st mtge 2%s_1975
Buffalo
121
96%
.
100% 102
101%
1960
3%s_^
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/
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2%)
Serbs Croats & Slovenes
mtge s I
61%
75%
47.,
104%
104'/a 104%.
—.1907
4s -s f debentures.^.:
1950
Stamped pursuant to Plan A
103
A
103% 103%
Bklyn Union Gas 6s series A_——1947
,i
1999
(Int reduced to 2.25% )_^
Afis extl dollar loan
i
99
;
.—
IBklyn Union El 1st gold 5s
Consolidated
Stamped pursuant to Plan A
*
104%
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;
101% 101'A
•
100%
1950
Bush Terminal 1st 4s
^^1950 ;
381
101%
——1950
cons M 3%s
J-J
—4...;
84
iBklyn Edison
j.1999
(Int reduced to 2.5% )___
A 7s extl water loan
:
98%
156
103%
1951
2%s
-
J-J
Stamped pursuant to Plan A
.;
Loan
ipin
(Int reduced to 2.5%)
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102% 105
147
96
101%
2%J2012
to
(State) 8«—
Stamped pursuant to Plan A
,.p:
■
reduced
93%
96%
94%
82%
1955
t
1st gold 4%s series JJ—1961
f: 1st mtge 4s series RR—
,——1960
i
Alnc mtge 4V2S ser A
...July 1970
> A Boston At N Y Air L 1st 4s—,.—1955
y+.^P:.
Paulo
(City) 8s
!_1952
Stamped puisuant to Plan A
' (Int reduced to 2.375% )___2001
6 % & extl secured s f
;
_1957
Stamped pursuant to Plan A
.>
102%
95%
84
1st M 5s series II
j
1964
(Int.
Indus
debentures.
Cons mtge 2%s ser I
5ASan
.
1st 3%s_
Boston & Maine 1st 5s A C—
40
2004
97%
96
Telephone of Pa 5s series C—1960
2%a
|
40
92%
160
98%
—.1951
-
Bethlehem Steel Corp—
"
',v*
■
36%
129.
101% 102%
(int at 3%%
stamped—
Beneficial
>
43
' ;4 ppp
*42
/-
2.25%)
f'e external sink fund 4s
pp
Bell
47
':;p
;w
44
'
1967
Stamped pursuant to Plan A
:
Santa
'
2004
loan
45
It'
43
rp&
42
'
40
__'_1966
pursuant
''
21
97%
95%
102 %
Feb ! 1960
Beech Creek Extension
45
38/'
1
44%
■
..,4s
40%
42
—
,2012
Stamped
147
*42
128 Va
.<
>to Jan 1 1947) due
-1950
•} ■ Toledo Cin Div ref 4s A
—1959
Bangbr At Aroostook RR—
I
C^a ret 4s-»—
——.i'1951
45%
—
A
2%)
external loan of 1926
'"PA7s
>
—
124
103%
103
97 y«
1993 ;;
-
due—
S'west Div 1st M
43
85
50
1
gen ser C (Int at
Dec 1 1946)'due
A Conv
p4lp
43
47
_1999
!__1968
A6s external sink fund gold
j
,;
pursuant
(Int reduced to 2.5%)
1948
'
125 %
yp y^^pyp - ****>■■/■■,
103 %
due--——iu—^1995
/>;£S,j\Pghf I»:E Si ,W Va System—' 's^v
\
Ref gold 4S extended to_—1951
pa5.p
44
*40%
2
to;.. '
(int at 4%
gen ser F (int at 1% to .^P
Sep 1 1946) due,.——1998
45
101% 103%
pp:
A
Stamped
* p.
I
:
41
45%
44
124
y'p ■-ririt '/■
./(>*,Ref &
;
42
'43%
80
A
(Int reduced to 2%),
Rio Grande do Sul (State
of)—
A8s extl loan of 1921„^__:
1'
80
101% 102%
,
;
to 2.375%)____2001
6%s_
____1953
sec
41
'
reduced
External
2
*70%
—
v'M
128% 128 Va
108
139%
j
Ref & gen ser D (int at 1% to '■•■'.
Sep 1 1946) due
2000
/
%
45
\
»
194?
8s
Stamped pursuant to Plan A
A
'•
44
41
A
7%s
35
s24
'•
42
43%
2.25% )__,^2006
APrague (City of Greater)
■\ iPPto
19%
'Si' '
■
131%
-
RR—
PP;:Ret &
24
> 43 :r
p&P
l-'
-
*38;
•
f '
——
Ohio
Dec 1 1946)
/
J-
32%
>26
20
•
,105%
^.1966
Oct~ 1 1946) due——July 1948.?
Ref St gen ser A (int at 1% to
23
k 18%
*25
*43
2
?'l ■nppy
/
19%.
19,
&
.1st mtge gold
;>
1
30%
32%
' *18
:ppp:^ib
'
•
••
■
^
96
103%
100
58
107
*127%
pj./ /'/
106%
M; 92%
0 ■-r::/
138% 139%
■■
M-N
.
1st mtge gold
*s———^—.iJuly 1948
Stamped modified bonds—
; :
r
•
1961
Plan
to
19%
*32 %
——1968
External sink fund gold 8s...-.1950
A4%s assented
_1963
A Porto Alegre
*18%
107
/
105%
27
107%
48—^—1.-^.1948.
•
26
>
p '.-Ml
21
'
96
'
107%
105%
■
Refining 25,'bS debs
Baltimore
—
_1958
f 7s
s
96
*103
.
139%
j-d
mortgage
Atlantic
.
AStablllaatlon loan
A-O
C
'
96
'■■■-■•<V-
107%
103%
'
106% 106%
106%
■1
103
103%
105% 105%
42
25%
,
.
-
NOV
?
42
27/«' 27%
...1940
•
100
99%
V-'
■
*40%
1959
f 6s 1st
27
-
pir-pp
2.125% )—.2008
loan extl
■
i./i.
'
\
:'42
42
&
90
.
108%
143% 153%
222
.
108% 107%
105%
.
A-O
July 1 1995
—-July 1 1095
*
:
107% 107%..
High
ioo% 102%
107%
89
101% 102:
p
external 7s
A Nat
s
*98%' 99%
42
A-0
M-s;
1st
/.
tP
107%
Q-J;
--.1964
yypt
.
Low
■'
pypp
>;
;
*105%
1947
Stamped pursuant to Plan A
f
,
'
151%
January 1
NO.
108%
149
•
Range Since
Sold
107%>
Jan»
—159»'[
4s
''
■
Bonds
>
High
108
149%
■•
a-0
,
./;
Range
Friday's
102% 102%.
M-s
F-A'
■
gold 5s„—^..1946
Charlotte Air Line Ry-r^;
St Nor
Second
102%
101%
•101%
1967
APernatnbueo
ext
*101%
—
__1994
ref 3%s series B
sec
,
1963
1-310
1st
:
APanama
"
mortgage 3%S—————-1963 ;
fAtlantic Coast 1st cons 4s
-July 1952
s
General unified 4%s A
———19S4
^Atlantic & Danville Ry" 1st 4s
,1948
106%
103 %
Knox
f Atlanta
:
107;
103%
•
1969 /
Adjustment gold
Stamped 4s
Atl
103%
ppp
'/ •101%..—/,(.•
*—102% P-
V-'
A-O
2
ppp
—1980:
1st mtge 3 Vis series E—1
Atchison Topeka & Santa Fe-^
—
15
MS
r
•or
Bid & Asked
ioi%
.ms):
i,-,-..l956
3s debentures:
>
,
\ f
York 6
Teletype—NY
Week's
Last
Sale Price
a-Q
'■
Telephone 6c Telegraph Co.—
General 4s—•
102% 102%
.
2030
l
■"
■■
40
39%
,
p,'
PPPp
*120
"*' '•
a-q
(Kingdom of) ' 4%s__T;
1956
External sink fund 4%s_—___1965
43 sink fund extl loan
—1—1963
Municipal Bank extl s f 5s„
1970
-
**
ppp
43
Foreign Pow deb 5s
; A Anglo-Chilean Nitratfe deb—>
,.,196';
f Ann Arbor 1st gold 4S-—-—-—1995
Armour & Co. (Ul)-^i *
'
V»:
40
*125
'•/
Ppy ;V- 0
f-a
Norway
:>
•.•-.■■■
.
Nt-N'i:
(State)—-
f 5s
v
Bell
Friday
.
debentures —————-.1975
Amer Tobacco Co
deb^ 3s——i—-.1962
i
j-d
I-\
New
Interest
Exchange
;3s" conv debentures——
2%s debentures——
.
]
44
*38
1952
Stock
2%
,
,43
&
American
>
•■j
*43
2008
...1959
(Vales
s
External
2.125% )
7s
A—
series
External
to
(City)
11%
18% ,18%>
14% ' 15 ■ •
'
—
Am
—
44
York
Alleghany & West lst "gtd 4s—^*.-1998
13%
10%
.
v-
*38
i
prpfi-y/Si--\
Exchange
*/'■'/
High
A|>>>>
.1959
Stock
-
Period
:
2.125% )___2008
*
Low
—,
*18%
.*1958
York
\
Stamped pursuant to Plan A
:
New
January 1
,
;
New
'v.
'
BONDS
Range Since
12%
,
*18%
—•
J-J
agree
f 6%s
s
•
.
^PP>$'&;■ P+/: * 14 %
i'
1933
-
pursuant to Plan
reduced
J-J.
agree
1942,
f 6%s
s
'
.15,^:..
—
Members
J
<
Broadway
Telephone—DIgby 4-4933
Sold
High
'•
•
...1945
1942,
5,
Low
,
\ rc
'-•■'-X
'
s"
61
<
agree
assent
(State)—
oeiue^
ASec external
-
1942,
5,
Nov.
•
'% '
>»
Bonds
Bid & Asked
.1954
.;
Nov.
SATreusury 6s of 1913
AAssented
-L>
,
1910
to
Ml '15
-
-
,,
Mexico— (Continued)—
;k ''P^':,*yy *V
*'>'*
Range
Friday's
or
Sale Price
-
[y* py
PFLUGFELDER, BAMPTON & RUST
27 State St., Boston 9
Telephone: Capitol 8950
Teletype: BS 169
PM-Vl; '.
-•
*»
■
New
llfllll
h. d. knox & co.
Broadway, New York 4
Telephone: Digby 4-1388
Teletype: NY 1-86
|;>
>.|
'v;
11
I 'M
•
>
on
OVER-THE-COUNTER SECURITIES
Wmpm
Monday, March 25, 1946
NEW Y0RK BOND record
'
■
pPp'
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4475
163
NEW YORK BOND RECORD
RANGE
Friday
BONDS
York
Interest
Exchange
Stock
Sale Price
'•'!.
5 A Central RR & Banking
Bid & Asked
'■«>
5s stamp (partial redemption)
1942
Champion Paper & Fibre deb 3s___1965
J-J
M-S
*48%
-
1992
106
Potts Creek Br 1st 4s
J-J
-1940
R & A Div 1st cons gold 4s
2d consol gold 4s
(AChicago Si Alton RR ref 3s_
1989
1989
J-J
1949
___
69
10474
El Paso & S W 1st
5s__
5s stamped
1077a
1965
135
•
—
61
Empire Gas St Fuel 3%s
Erie: Railroad- Co—
—
64%
54%
398
E—
1964
A-O
F
1990
J-J
105%
105
105 'A
~8
10374
106
F-A
105
106%
1st
cons
mtge 3'/cS"ser G
2000
J-J
10474
1047» 104%
30
1027a
106
103
1st
cons
2s
1953
M-S
-'—1971
M-5
16
10478 106'A
*105'/a 105%
F-A
101% 102%
102%
188
101%
8374
120
75%
81%
94
99'A
78
99%*
75%
98
76'%
83
,;i24
*—
J-J'
112
1 120
J-J
::JAT%.
106
Firestone Tire & Rub 3s deb
1901
t A Florid a Cent & Peninsular
5s—1943
Certificates of deposit
7:
122
100.
115
110%
•
M-N
J-A
A 1st
.(
207a
24
-j,.'".
267a :
30%i
•'
107'
95
.93'A
86'/a
;
97Va
96%
fl6%
93%
95
;:H
97%
y
106 '/8
•
107
71
i
89%
927a
:-V'
•?
107% 107%
J-J
1077a 1077a
104%
108
3-J<
111 3/4 112
IIOV4
112
vf
1
105%
107
|
MS
1943
A-O
1957
A-O
Cincinnati
1st
Union
60 "
*84
10774 107%:
F-A
F-Ar
J-D
»
Cin Wab & M Div 1st 4s
1991
M-N
vf^
• 1
/
.
ZV---J•.'•••
Cleveland Elec Ilium 3s
Cleveland
'
Colorado
Columbia
103%
107%
}
F-A
107%,
106
__
106%
f
-
Extended
1
106% "110
106
108% i
Collateral
105
105
108)
.
79%'
>
103%
J-J
80%
79%
1st
84%
103% 104%
M-N
1961
102%
104%
116
?
116
1965
1977
F-A
1951
]oc
J-J
K.
Cigar Corp 3%s^__-_l965
A-O
New
<>111
F-A
101% 101%
1017a
102
2
J-J
deb 4s
1954
J-J
70%
67
1955
3-3
*__
73%
67%
,76
195fl
J-J
*—
73
677a
75
1975
M-S
Consumers
4s
4s
1st
Power
2%s
mtge
—L.1965
Baking 3s debs—
Crucible Steel 3%s s f debs
ADeposit
Curtia
V
i
103%
104
?
60'
58
591/a
s
477s
46
50
84'%
8472
86
467s
44
.
{
53%
49%
53'A
i
1946
J-D
*50%
53%
48
53
A-O
*9978 100%;
4s
1st
ref M
&
Income
'
Morris
&
5s
mtge
RR
tr 4"6s
,
Delaware
1
JDenver
5 A 1st
Power
100
V
13. ;
1973
M-N
ZHH1993
M-N
.
—May 1 2042
1973
*100
ZZl930
4%s
~
,
&
ref
Gen
&
gold
G
Dul Miss & Iron Range
footnotes
F-A
7,
see
45
10
10474
1087a
1057s
1
gold 3%s
1057s
1057s 105%
J-J
*104 7a
:V
1951';
J-J
1951
\
A-O
1951
1047a 1047b
*104 7s
M-S.
*66
■
v
gold 4s__.
A-O
104
M-N
1037s 104
M-N
101
1017a
M-N
1077a 108
F-A
1952
j
1953
-J-J
99'A
1027a
1057s
:
957s
94 %
*
1047s
102
104.%
1966
3728
/;i047a
1958
lines
103'A 1067a
103
1067a
1047a
^_1952
1955
trust
108
937a
97.
1057s 111%
F-A
*105 7s
J-J::
J-J
*104
103
104
1057s.
1057s
105'%
104% 10474
*041/4
102
101
105
*101'%
106
101'A
:
1017s 1017s
F-A
1027a
102'%
*102'%
106'%
1057a
105'%
1057a 105%
ref
111
&
Iowa
1st
J-D
987s
1963
J-D
1970
J-J
gold 4s
1950
1st gtd 4s
101% 102'%
102'A
r.1963
mtge 4s ser D—:
& Louisville
J-D
1963
—1950"
97
*IO57B
w
J-J
IZ'
107
92'A
—:
y
1952
5s
series
'f % 102
:/•
—
11474
'
J
■
87'A
' [t106 % 107V*
;
16
J-J
Hydro El deb 6s
1944
A-O
Paper 5s series A & B
1947
50'%
98
J-J
92
102'A
•.
.
5
103
■
92
93%
987a
1027a
103'%
1057s
7 98%
*„
103
7.
199
*107%
M-S
54'A
767a
77'A
13
~97
.
98
47
;
20
82
-81
81%
8274
153
7:
780% "81
1
16
88'A
477a
507a
J-J
1955
106
;
A-O
1956
sink fund 6s series A.
96
105'%
' '
•■
106% 107 '
3-3
1956
B
',
100
106'%
ZKv'--
•
110%
1037s
10474
30
•
*111,"
M-S
A-O
,
96
53
93'A
105'A 1057a
10574;
100
82
•
98%
931/4
•
1087a
100
103
1972
M-N
1952
J-J
103
10174 103 '/'S
35
y 1017s
103'%
1955
F-A
10574
10574 106 74
92
105
1067a
James Frankl St Clear 1st 4s__
A-O
71-
>
„
60
1959
1961
.
j
"
66
109
A-o
t;
M-S
v
647a
■,
-
7974
'
68%
67 7a'
80
24 v:
215
1574
27
; •
237a
407
A-O
J-J
22
■
1077a
677a
108'
1474
27
63
—
76
10674
109
6
108%
109
2
109
11074
'v/r' 75
.
50%.
75
5074
119 7a 1197a-
.'7
8
1067a 10674
487a
5
105%
/1047a. 105%
28
7a
-437a
5
106%
48
63'/a
14
117
16
10574
101% 102
,104
.;
•
"
25
50
104'%
98
102
105'A
Kansas City Southern
1st
75
51
:
107%
1077a
A-O
*1071%
A-O
827s
83
81'A
81%
83'A
1950
T-o
1077s 1077s
1057s
107 7a
1975
gtd 4s
ACertificates of deposit
Ry 1st 3s
A-O
103% 104
10374
10474
mtge 4s ser A—
1974
A-O
1987
J-J
*120 7a
Kentucky & Ind Term 4%s__i
Stamped
1961
1961
J-J.
*108 7s
27is
J-J
*7174
1047a
75%
A-: '
1961
J-J
1961
1997
J-J:
*105 7s
Kings County El L & P 6s
A-O
*__
Koppers Co 1st mtge 3s
tAKreuger St Toll 5s ctfs
1964
1959
A-O
106% 10674
unguaranteed
M-S
*5'%
107
48%
54
10474
106
Lake Sh & Mich Sou gold 3%s
3%s
registered-
1997
—1997
*115'%
*114
1057a
122
*111'%
4'/as
8 5»%
122
~
—
—
'
200
57a
1197a
"
81
*106
Kentucky Central gold 4s
Kansas City Terminal Ry
—
115
,
./ 10374
81%
8 A Refunding
Plain
34
109% 1097a
J-J
lB8g
22
'.
102
1936
Kanawha St Mich 1st gtd gold 4s__ 1990
Kansas City Fort Scott & Mem Ry—
7374
109
,108 7a 1087a
M-N
1937
t
.
Laughlin Steel 3 74s
677a
677a
.67%
&
101'/a
-;;:J
>.";//
64%
*62'/a
J-D
1593.
9974
.
237a
237a
J-D:
page
'
67%
J-D
4%s_ZZZZZl9ei
Ry 3%sZ""l962
tJADU Sou Shore St Atl gold 5s
Doauesne Light lit M 3%s
For
•;:..
gold~4s~ 1995
4s
Detroit Term & Tunnel
"
697a
T
66%.
J-3
199«
Detroit & Mackinac 1st lien
ASecond
'3-3'-y
1970
ref 3s series H
mtge 3%s
37
107% 108'A
108'A
3-3
Registered
lAInternat
'■ 10474-1071/2
62 7
*109 7a
^
1966
1965
series"
Gen
•
A-O
F-A;
IZZZZ1978.
impt 5s series. B
103
60%
•.
193g
Detroit Edison 4s series F
„
163
*10374
Internat
y-,'
JDenver & Rio Grande Western RR
AGeneral s f 5s
2953
A Ref &
4174
i:8^77104%/l06%
106'A 10674
C
A Assented
39%
75
Jones
105% 10574
Light 3s__
Grande RR—
gold
39%
83
113
807*
52
—
1963
& Rio
consol 4s
§ A Consol
1981
-/lour
Als-t gold 5s series C
103%
i_1965
division
&
79
'
Co-^
•
V__
787a
V
ii2ya
Int Rys Cent Amer 1st 5s B
1SC5
extended
ser
—■
787a
80
34
82
Int Telep & Teleg deb gold 47aS
Debentures 5s
due_____
Essex
A-O
;: A Adjustment 6s series
A—.July 1952T
NY, Lack & Western div
«
F-A
ty.: A 1st 6s series A
■
V
1037a
West
104'A
8174
•
(International Great Northern RR—
,
7
Dayton Union Ry 3%s series u
Deere &t Co 2%8 debs
&
147
104'%
10074
J-J
A 1st
*51
1067a 107
Lack
a
100'A
J-J
(Alnd
48%
Dayton Pr & Lt 1st mtge 274S____1975
Delaware & Hudson
1407b
2
.-i
*11374
8174
•■•
Indianapolis Union Ry 3%5 ser B_1986
Inland Steel 1st mtge 3s series F__1961
i
84%
84%
iok»
■■
Delaware,
HO
44
J-J
ind
1087a
106
"11't V
;•;
1957
104'A
1951
Ref
•
108%
10374 10474
M-N
Illinois Terminal Ry 4s ser A
.
J-D
deposit rctsl__
Publishing m a« deh
v
>•.:
J-D
1949
1st & ref 4'As series C
*i
^_1946
B
ser
104
103
6
1047a 104'%
*147 7a
1962
gold 5s
gold 3s sterling—*..
1st
47
3^3
receipts.
A7%s ser A deposit rets
A6s
♦57%
1
45%
1952
1st 5s gold
RR
10374
102'%
11
10974 1097s
M-N
M-N
;: Joint' 1st ref 5s series A
76
1047a
1037i
103%
1067a
10274
*10474 —
3-D
"
receipts
Deposit
/
1033A 10374
*102'/a 103%
A-O
HI Cent and Chic St L & N O—
.10474' 7
104%
107% 1087s
1087B
3-D
^.1942
lACuba Northern Ry 1st 5%s
A
102
102
J-J
1955
Continental
A Cuba
'06%
J-D
'
1027s
104% 105
A Debenture
•
'
103
A-O
:
•".
1047a
105%
,..^..1950
Lltohfield Div 1st gold 3s
.—1951
Louisville Div & Term gold 3%s_l953
Omaha Div 1st gold 3s
_1951
xor*
1956
1958
A Debenture
\
{
105%; 105% ;?
3%8: debentures
Ry non-conv
r
1037a
3
Gold 3 % s——1951
105%: 106'/«
—
105% 105%
A-O
debentures
1774
15
90
.1
Springfield, Div 1st gold.3'/as
1951
Western Lines 1st gold 4s
...1951
■
__
*106'A
__
1948
3%S
.
106% 1067s
J-J
J-J
f 5s series A
s
1st
1999'
Cairo Bridge gold 4s—.—,
i
109% 1097B
109%
debentures
t A Consol
1047a
107
104'A 104 7»
A-O
St. Louis Div St Term gold 3s
116.
116
F-A
_
extl 4s
01
107
__
17'A
16'%
17'%
1970
Refunding 5s
40-year 4748-
Commonwealth Edison Co—
3 %s
90
*77
Feb
108
1057b
2
/'
105 7a 105'%
J-J
1937
27iS_
;1 Collateral trust gold 4s
111%
f 3%p
"—1959-
Refunding 4s
105"%
109%
Consoliuateu Eamon
1st
106%; 1077s
106%
110% 110%;
V'
gold 37aS;
4
106
M-S
s
—
Feb 1957
Corp
..j...t
A-O
1970
River Power
Gas
A-O
Columbus St Sou Ohio El 3%s
consolidated
Co
1st gold 4a
1st
j
115% 116
—
106%
Conn
debs
AAdj income 5s
__
♦116
106%
1st
2000
109
106'/a
17
106'% 1067s
1067b
J-J
Feb
Hudson & Manhattan11st 5s A
106% 106%
3s series L
Conn Ry & L 1st St ref 4%s
10774
106
—
I
♦106%
.'A.
A-O
,1980
Elec deb 5s'
& Tdl
1990
B
Finance
Purchased
mtge
N
ser
ctfs
Hudson Coal 1st
A-O
1st
1007b
9
106
*106'A 1067a
J-J
Household
Columbus & H V 1st extl gold 43..1948
Columbus
20
109 ft
;93
no4%
A-O
1977
modifiedv
1327a
110 A
98%
921/4
1277a
1097b
•
Illinois Bell Telep 2%s series A
Southern Ry
Gas &
J-J-'
♦108%
M-N
.
&
198Q
136'/b
22
1067s 1067s
106
140
2
;
—
109 A
32
1067s
12174 122
30
1397s 140
109
*
1057b
1027a
5
Illinois Central RR—
Pittsburgh R*V—
3%s gtd
"
(stamped
-4%s
•
..
1217a 12174
J-J
Debentures
.:
60% J
100
•'•
3-3
—1970'
f 4 %5 series C
s
J-J
•
1948
Series D q.%s gtd
—1950
Cleve Short Line 1st gtd 4%s—._1981
.•Cleve Union Terra gtd 5%s
1912
1st S: I 5s series B gtd
Zl973"
1st
:
St
Series ,C
J-J
1960
1970s
Gen. mtge. inc 5s
-
98
J-J
1990
tf gold 48;
1977'
L—
M
64
—
*13274
J-J
-L_
♦130
J-J
:}y].
*
K
Hocking Valley Ry 1st 4%4
(SAHousatonio-Ry cons gold 5s
.
118% 118'%
J-D
Zl977
y
89
m"m-
12174
J-J
ser
ser
89
64
--
--.'fy; ♦10274
J-D
ser
mtge 3'/as
mtge 37as
Gen mtge 3'As
Gen mtge 37as
Hudson
Ref & impt 4%s series E
St L Div 1st coll
::
~M-N
—2015series A
1st & ref 374s series D_
1969
Gull Slates Utll 3%».series D——1969
*
1993
1993
,
j-J
J-J
Greyhound Corp 3s
4;
1127a, 1127a
107 y.
107
'
105
827b
J-J
60%
56%
88
M-N
A-O
1974
116
105
J-D
3-3
\"v
*
mtge gtd 3%s Series E
V1■>!.'
60 %
'
;
56%
60'A
1969"
Terminal—
/ General 5s series B.
-
601/4
1975
1st mtge 2%s ser G
;
Cleve Cln Chlo St St Louis Ry—
General gold 4s
,4,
10674
106
1952
cons 5s
Cine Gas & Elec 1st mtge 2%s
1952
Gulf. Mobile & Ohio 4s series B——1975
108% ^
3-3'
1952
S ADebentures 5s part paid
Choctaw Ok St Gulf
107
1953
1962-'
58
*111
88'/a
1067a
104
MS
1976
A
1963C
4%s series D_
1969
1973
J-J
y.
SAChilds Co deb 5s part paid
87 7a
105
A *55
90
,85%
Corp—j
:
Gen mtge 37aS ser O—
..AGreen Bay & West deb ctfs A-
J-J
.
*;
,
debs_
Gen
1994,
;
& Utilities
Inc
Gen
Chicago Terre Haute & S'eastern Ry
1st* mtge 3 %s series P—
Realty
conv
General 472s series,E
1951
lst mtge 278s ser G
Ohio. &' West Indiana com 4s
87%
105
M-N
General 5s series C__
1951
/
deposit
80
887a
82
103 '/a
100
*10274 10374
J-D
M-S
General 4%s series D
1994
—
131
*100
1959
Great Northern Ry Co—
General 57as series B
I960
Onion Station—
*95 7a
J-J
1974
Goodrich (BLF) Co. 1st
mtge 2745.1965
Grays Point Term 1st gtd 5s
1947
Memphis Div 1st gold 4s——_._1951
T A
A4s
1932
2%-4JAs
1057s 106'A
M-N
Certificates, of deposit
106 Va
927a
_
274-4'As
of
(AGeorgia & Ala Ry 5s
Oct 11945
M: Certificates of deposit
*(§AGa< Caro>& Nor 1st ext 0s
1934
'
.66%
106% 107
1988
gold 4%s
1st 47as
Coast
5s series A
Elec of Berg Co cons 5s_—1949
General
103% 107% ?
ZZZl934
3 %s
ref
Francisco Sugar coll trust 6s—,—1958
1057a '
105'A
106% 107%
;■
East
&
A Certificates
Gas St
105%:
.
Chicago St L St New Orleans 5s
*106
107% 109
:*io9
105%: ^105%.
25% partial redemption
1927
♦Chicago Rock Island & Pacific Ry-^- 1 -
deposit
(Florida
<
,
27%;
*25
—
131
22'/a
'21'
21%
?
• / •
.'—.1994
4s
3748
mtge
1027a
*140
77%
Jan 1 2044
I ARefunding gold 4s
lASecured 4%s series A.:
1st
,
102
—
98
V
mtge 4%s Inc ser A Jan 1 2019
",.4%s-conv inc ser B
Div
H
ser
106
88
99
*102 7a
_195e
1st mtge 4s ser A
.
1067s
ser
Chicago & North Western Ry—
2nd mtge. conv inc 4,/2S_.Jan 1 1999
1st mtge 3s ser B
1989 '
11 AChicago Railways 1st 5s stpd
•
103 74
98
103
101% 103%
*104% 1057s
101 Va
ser
May 1960
Chic Mllw St- Paul & pac RR—
1st & ref
J-J
mtge 37as
1947<
Chicago Ind- & Sou 50-vear 4s
rr
101% 1017s
J-J
mtge 3'As
Ohio
1st- & gen. 6s series B_
Chicago
1962
2015
mtge inc 4 7as series A_
cons
5s series A
M
*126
cons
i960
ref
A-O
1st
A 1st
&
127
1965
1st
1947
1947
1st
11774
119
ARefundwig 6s ser A
ARefunding gold 5s series B
ARefunding 4s series C__
Income
*i26'A 129
135%
Ry—
Louisville
of
1027s
1067a
A-O
119
(conv)..:
Certificates
157
102'/a
105 7a
1985
1970
mtge 4%s
AQeneral
157
' 106
106
.
11774
J-J
A Conv
M-S
—
116%
J-J
Gold
1970
1207a
13
Jan 1 2038
A
*
120'A 121%
*155
3-D
19
M-N
•
J-J
1950
119
]9KR
gen
121
M-N
1995
119
1982
&
High
Low
119
Chicago Gt West 1st 4s series A
Ind
121
1959
(NY) 1st cons gold 5s
\uto-Lite 2%s debs_
Gen
Chicago & Erie 1st gold 5s.__
AGen inc
January 1
Sold
No.
High
Elg._ .Miet & East Ry 3'As
107'A
J-J
■
Bast Tenn Va St Ga DiV
1st 5s
Ed El n\
105
60
M-N
Gen
■
25
*129 %
1997,
.
'
3
*125 V4
1985 ;
v)
—
Eastern 111 R«inc
Low
119
mtge 3%s„
mtge
'*
J-J
1st mtge 3%s ser B
a
Ela^
*
F. A
1st & ref mtge 27es
&
149%
Range Since
Bonds
or Friday's
Bid & Asked
Last
Sale Price
—1977
1st & ref 4%s series. B;
(Cnicago
105'/a
144
Exchange
49%
103%
Stock
High
48%
York
Interest
Period
Low
"
...
AGen
Week's Range
Friday
BONDS
New
149 %
A-O
J-J
Chicago Rurimgton & Quincy RR—
General 4s
1958
Chicago 6i
22
January 1"
105% 1057a
1057a 106
*100
:-w_: ;
1057a
F-A
.
'
149
149
M-N'
1st & ref
Range Since
Sold
,105'/a 105%
Ref & impt mtge 3%s D____—_.1990
Ref & impt' M 3%s series E
;1996
.
ENDING MARCH
>
Bonds
No.
High
LOW
WEEK
Co—
unewtpeaxo
Ohio, Ry—■
General gold 4%s
.
Week'a Range
or Friday's
Last
Period
New
FOR
65%
108'%
72
1087a
THE COMMERCIAL & FINANCIAL CHRONICLE
1592
Monday, March 25,
1946
NEW YORK BOND RECORD
RANGE
bonds
New
York
Stock
Friday
'
Interest
Last
Period
Exchange
Sale Price
:
FOR
WEEK
ENDING
or
Bonds
Friday's
Bid & Asked
Low
;
mtge Income reg
Lehigh Coal & Navigation
S
F
mtge 3'/as
1975
74
75
No.
Low
%
ref sink
5s
.
•r
*N Y New Haven & Hartford RR—
ANon-conv
deb 4s
i
1947
76 Vi
.
A-0
*106
fund 5s
F-A
3Vis
stamped
—
*101%
—
1964
69%
106 Vi
71
F-A
98
98
'
100%
A-O
68%
66
69
1958
J-J
70%
68%
72
deb
4s
....1956
64
65
75%
67%
78
6s
Af-N
187
,
68%
72
j-j
69
67'A
69
J-J
80 %
77%
81%
266
1040
A-O
92%
91%
92%
1957
3%s.
;—
71%
1956
1948
certificates
deb
AConv
98
6
67%
1954
4s—...
a Debenture
101%
95 Vi
4
67
3Vis
deb
Af-S
High
68
75
deb
deb
1947
Low
16
ANon-conv
,
January 1
<
No.
M-N
45%
44%
j-d
77
73%
'
87
77%
'
75
67%
7
78
>
65%
75
72%
83
38
87'A
93
46%
132
34%
50
78%
318
71%
81
111
41
109%
21%
:
'
1964
stamped
—
1974
F-A
1974
—
1954
F-A
1950
J-J
2003
98%
M-N
93%
13
99
99
94
} A Collateral trust 6s
Vi*
94
99 Vi
*97
:.
;
A Debenture
,
1
98 Vi
98 Vi
13
93
98 Vi
84
33
80
87
);
92 Vi
92%
55%
57
A 1st
1
82 Vi
4s
-
ft ref 4%s series of 1927
.1967
f
-,
-
& ref sink fund 5s
5s
Af-S
Range Since
Sold
High
ANon-conv
104%
*101% 102
1954
1964
stamped
5s
-
Low
ANon-conv
'■
—
Bonds
Bid & Asked
y ;
"
1st
Week's Range
or Friday's
Last
Sale Price
ANon-conv
1970
lst^ft ref sink fund 5s
.
Friday
Interest
Exchange
High
66
33
Stock
Period
Lehign Valley coal Go—
1st ft
«UMi(
York
New
Range Since
January 1
Sold
High
Co*—
A
ser
Deo
22
■
Lautaro Nitrate Co Ltd—
A 1st
MARCH
Week's Range
t A Harlem River & Port Chester—
Leb
Val Harbor Term gtd
5s
Lehigh Valley N Y 4%e ext
Lehigh Valley RR—
4s
stamped
4s
4%s
.2003
_
stamped
4 Vis
5s
V
modified
2003
registered
*51 Vi
51%
55 Vi
2003
60
69
'
59 %
61 Vi
62
54%
52
62%:.
65%
68
28
62%
73 Vi
a-o
86
86%
16
83'/a
91% 1
Little
1962
M-N
1949
m-s
Miami
4s
gen
series A
Long Island unified 4s
Guaranteed rtf gold 4s
4s
418%
Lorlllard (P) Co deb 5s
debentures
•
107 "
107% 107%
1067/a
107% '
107Vi 107 %
106 7/8
107% '
F-A
1963
1960
M-S
103%
106
*ii.
105 Vi
106'/a
107%
ft
ref
M
3%s series P
2003
A-O
&
ref
M
27/ss
G
2003
a-o
St Louis Div 2d gold 3s
Atl Knox A Cine Div 4s
1980
Af-S
1951
M-n
ser
111% 112
V
110%
100%
Gen lien
•
104 7/«
102%
h
113%
103% 103'/«
103 Ya
105
ry ft Id gold 3s
registered
3s
-
Ref ft impt 4%s series
Jan 2047
2047
A
*118
118
I
118
:V'
1975
—1974
1975
.
3
59%
71
3
135%
140
138 Va
138%
132
100%
92%
92%
88
132
.
y
;
85%
94%
88
y 82
'/a
105%
110
107
110%
110% 110%
107%
110%
104%
106%
102%
105%
110% 110%
J-J
104%
:
122%
104% 105%
109%
.
127%
115%
93%
87%
108% 110
v-
103%
120
; 121% 122%
a-o
2047
4 Vis—
;
51
125% 125%
^ F-A
trust
49
108%
*137%
M-s
&
108 V
♦130%
J-J
Ref
i
119
2047
Coll
y.
y
32%
45
t
32'A
100
X 102%
68%
140
J-J
impt 5s series C
Ref & impt 5s series D
•
*105V8
...2047
'97
68% 69%
140
140
102
A-O
1997
42
39%
X 29 V
100
42%
75
68
108% 108%
Q-J
Q-J
Q-F
Q-A
:
107%
108%
100
Af-S
:
105%
105%
Af-N
M-S
registered
12
56
697/a
29%
1974
-
106
44
—1074
4s
26%
106%
*27
a-o
;
90%
*40
North
*
1st
i
J-J
y
86%
*
1998
gen ft ref 5s._
ref 4%s series A
5
90%
F-A
m-s
ft
15%
106%
106
J-J
Central
11%
102%
106
F-a
1946
Gen
38
66
o
1960
"
106%
Louisville ft Nashville RR—
1st
106
106
J-J
AGen mtge 5s conv inc
:
2014
Norfolk & Western Ry 1st gold 48.1996
v
106%
103%
X
103 Vi 104%
120
105
120
106
J- J
M-N
J-J
1st 4%S
12%
89%
1B83
1st 3%s._
227/a
12
106%
a-o
Northern Pacific Ry prior lien 4S..1997
118%
120
A-O
1969
-
'
22%
106% 106%
12%
Norfolk Southern Ry Co— :
1st mtge 4%s series A—
107%'
M-s
22%
M-S
Niagara Falls Power 3%s_
*31
119% 120
MS
1951
:
J-D
.
*118
1949
Louisiana & Ark 1st 5s series A
Louisville Gas & EJec 3 Vis
M-S
t«AN Y West & Bost
>
136Vi l
120%' j
1949
—
stamped
3s
133%
*132% 136 Vi'
A-O
1992
♦110%
|8 AN Y Susq & W 1st ref 5s.._._._1937
§A2d gold 4%s—
1937
i A General gold 5s——
1940
ATerminal 1st gold 5s
1943
'i
•
4-0
Af-N
N Y Steam Corp
!
m-n
Lehigh Valley Terminal Ry ext 5s~195l
Lex ft Eastern 1st 50-yr 5s gtd
1965
Liggett ft Myers Tobacco 5s
1951
1954
•AGeneral 4s
...1955
N Y Power & Light 1st mtge 2%s_1975
N Y ft Putnam 1st cons gtd 4s
1993
N Y Queens El Lt & Pow 3%s
1965
/.
m-~n
2003
stamped modified
65
50
181
4s
tAN Y Ont & West ref 4s.._June
94%
),
modified
registered
88%
10
1st
Northern 8tates Power Co—
Jst
mtge 2%s...—
1st mtge-2%s
y
....
1
;
y: (Wise) 1st mtge 3%a..... ,...„....1964
Maine
Central
RR
4Vis
A
ser
1960
J-D
86
1st mtge ft coll 4s ser B
1954
Manati Sugar 4s sink fund_..Feb 11957
J-D
*102
M-N
91%
91%
AManila RR (Southern
1959
Af-N
75
75
Metropolitan Edison 1st mtge 27/sS-1974
Af-N
108
108Vi
Metrop Wat Sew ft Drain
1950
A-O
103
103
4s__1938
F-a
28
,28
t§AMet
West
Side
Lines) 4s
El
(Chic)
Michigan Central—
Jack
Lans
1st
gold
Ref
&
5 Vis
6
r
,,
Af-N
*108%
J-J
'•
.•
'.'y
■■.
Af-S
*—
15
89%
Oregon RR & Nav
110%
J-J
1946
Oregon-Washington RR 3s
97
J-D
ser
23
V:
22%
F-A
1946
1946
Guaranteed stpd cons 5s
112%
897/a
A-O
1975
gold 5s
cons
':y> ;v
M-S
1975
gold 4s
con
Ore Short Line 1st
107
J-J
1974
mtge. 2%s
Oklahoma Gas & Electric 2%s
107%' 108
y 103
1st mtge 3s
1st
2
112% 113
A-O
28'%.
f av',,;i'J,'ifvi ■'
A_1960
'
23
19
108% 108%
105%
104% 105'/a
100%
--M
V
100% 100%
100%
28
A 1st
mtge
AGen
4Vis inc
mtge 4s inc
A__Jan
J-J
1007/a
105
1971
A___.Jan
1st
4s
J-J
1991
J- J
J-D
104%
82
,
,104% 104%
X
97%
81V8
'
Missouri-Kansas-Texas RR—
Prior lien
5s series
A
1982
4u-year 4s series B
Prior
lien
A Cum
4 Vis
adjust
5s
J-J
1962
series
series
A
J-J
1978
D
Jan 1967
A-O
u
-
101%
'77%
%
'v 99% 100%
100
J-J
6
29
,167
.
82
97% .99%
,95%
XX V
113
88
96
29
106%
104% 105% '
96
Pacific
Pacific
101
a
&
ref 5s series
General
A 1st
&
A 1st
&
AConv
1965
5s
F
A 92 %
98%
V 110% 114%
172
104%
114%
&
ref
A 1st
&
ref 5s
Af-S
•94
I
97%
53%
58%
84
630
93
51%
1st
ref
&
M
Paducah & 111 1st
1977
Af-S
94%
98%
534
93
103
M-N
94%
97%
210
93
103
Af-N
V 40%
43 Vi
389
37
202
93
103
351
93
102%
A-O
94
97
1981
F-a
94
98
1991
M-S
90
90
Monongahela Ry 3 Vis series B
1966
Montreal Tramways 5s ext
1951
Morrell (John) & Co 3s debs.._1958
F-a
*105%
m*n
Morris ft Essex
2000
j-D
70%
71
69'/a
74%
1955
M-N
82%
83%
82%
89 %
1955
XX. V
75%
76%
75%
83%
%
V
101%
107%
■.
.'-Vr.
';V
*
XXrXXy
100% 100%
100%
*99
J-';*-.wmmi
J-D
1979
J-D
195b
109%
109'/a 1097/a
107%
111% 111%
.107%
110 % 110%
107%
111
107
104%
107%
105
105%
112%
125%
111%
113
102%
102%
;
J-J
1960
cons
109%
110%
111%
:•
J-D
M-N
50.1949
107%
m-s
B
109%
107%
108%
108
*109'A 109%
J-D
1985
-1107%
108
J-D
1977
108%
108% 108%
J-D
1971
1974
110%
lll7/a
♦106%
105% 105%
17
111 H
Pennsylvania-Central Airlines—
..1980
I
3s
Paterson ft Passalo G ft E
100 7/a
104%
2.a,
36
:
J-D
1970
f gold 4%s
s
Panhandle East P L
46%
J-D
1966
series L
3s
101%
•
1st & ref M 3s series M
1st & ref mtge 3s ser N
Pacific Tel & Tel 2%s debs
64%
1978
gold 5s series H
series
Co—
* 1st & ref M 3s series K
,
v102 %
_____1949
G
series
gold 5 Vis
A 1st
f-a
1975
4s
ref
Electric
&
1948
'0
A
ref 5s series
Gas
gold 5s
& ret mtge 3%s series I
1st & ref mtge 3s series J
96%
y 15
^Missouri Pacific RR Co—
a 1st
1st
Co
1st
89.y
98%
96
Coast
105
101
100%
f
■j'y'ys-x'rtvr
Hpf
84
100%
95%
Va
101%
lOOV'a
100% 100%
A-O
H
108%
106
3
y.yy.
1990
ser
ser
Kansas ft Texas
x 27
107%
'i 101%
3
,V"
100% 100%
Minn St Paul & Sault Ste Marie—
Mo
106 %
108
22%
y
2 :■}
12
105% 105%
,'y
•...-
-
lOgdensburg ft Lake Champlaln Ry—
A 1st
guaranteed 4s
1948
ig; V:
102%
106%
75
Ohio Edison
102
106%
95
-
% 105% 108'A
i-y f, 101% 103 %
*104% 104%
106
*107%
102'A
-
75
IV" V 26%
M-S
102
.
106%
ir-s
89'A
..
20
yVy.W-iv "
1952
3Vis
iropt 4Vis series C__
1979
Michigan Cons Gas 1st mtge 3Vis_1969
f§AMidland of N J 1st ext 5s
1940
82
87%
:
■rl'%
r-
1951
&
y
10 L
4
M
ft.
,
Pag 3Vis
33
*105%
3%s
debs
inc
conv
1960
M-S
116% 120%
119%
Pennsylvania Co—
Moh'k & Malone 1st gtd
1st
gold 4s
gtd 3 Vis
Constr M 5s series A
Constr M 4%» series B
Mountain States T & T 3 Vis
Mutual Fuel Gas 1st gtd 5s
J-J
89
1968
110
1947
102 %
103 Vi
;
106'/a
%
1952
Pennsylvania Glass Sand 3%s
1960
Pennsylvania Power & Light Co.—
;
102%
»
106% '
100
*103
Gtd 4s series E trust ctfs
T
106
102% 102 Vi
70%
93
,
1st
3s
mtge 3s
f
s
!
107 Ya ;
V
General 4%s
General
5s
:
Nash
Chatt
ft St
L 4s
National
Steel
1st
mtge
103
106% i
107%
1954
108
fANew
England RR gtd 5s__
A Consol gtd 4s
New England Tel ft Tel
1st gtd 4Vis series B
N
J Junction
RR gtd
ia*«
112% 113
O & N E
A
5s
Certificates
of
a
5s
5s
A 1st
-
a
4Vis
N
Y
Ref
N
Y
&
ft
imnt
ft
5s
Hud
D
Mich
New
of
N
Y
Y
M-N
'ry 4
4s
series
series
River
A
A
20
97
9
94%
11
89%
98
16
F-A
Lack ft West
footnotes
4s
1980
B_ ..1975
ser
see
J-D
A-O
-'.951
f-a
52
5
23J
F-A
Af-N
J-J
—.2043
J-J
—1973
Af-N
—1973
page
M-N
1593.
1st
of
8
Series H
cons
92%
104'A
107
103%
105
105 %
y
106'A
20%
21
25
10
y
104% 105%
M-N
1960
cona:!$tts^ntee3y 1 %s.
F-A
*115'/a
P-A
*
1964
.
1963
M-N
y
j-d
...
106%
106%
117%
122%
—
:"I
«133
1970
guarahteed 4s
..
•
122% 122%
—
127%
133%
131
126%
138%
J,
130
133%
!
138% 138%
.140% 140%
11
134%
140%:r
106% 106%
140%
3
5
105'A
109
100%
100%
'
t
100
,96%
r
,
; 95
92%
97%
93
1
e
3%s
1964
*
;
J-
M-N
*103%
1st mtge 4
.1965
1950
J-D
1950
103% 104%
104 y8
j-j
J-D
__
"
105% 106
*103% 106
...
98%
102%
1
98'A
102 %
98%
102%
105% 105%
2
A-O
,1948
J-D
1962
F-A-
*127
1974
j-d
•127
Pitts Young
1st gen 5s
1st gen 5s
103%
104%
103 %
104 7/a
9
^Plttston
105%
107
Potomac
110%
110%
108
109
-
118%
103%
90
95%
106
105%
13
1960
5
97%
104 %
105%
103%
13
21
A-O
1st mtge 4
20
117
100%
101% 102'A
101% 102%
J-D
1959
105%
117% 118%
115% 115 Vi
63
101% 101%
101%
1958
1st mtge 4
Pitts ft W 7
«.st
'
—
CI
:3%s debentu^:
Pitts Steel 1st
101%
92%
I. 1957
mtge
28
102% 102%
106%
104% 105
A-O
J
105%
*118
107
*106
f-a
A-O
105%
'115%
104%
*101
104%
20%
1975
104%
13
107 VA
106% 106%
M-S
1975
15
108% 108%
M-N
Gen
105% 105%
'117% 120
108%
104'A
>*11
Series X' coaB 4
107
'110% 114
134
105%
104% 104%
m-N
J-J
105%
141%
131
XX105% 106%
?
83
107
104%
*107%
M-N
64 y
137
66
•133%
1962
94
87
I
106%
105% 105%
105 %
J-J
1963
;
".
141% 141%
J-J
1971
2%s
I
44
5
105%
J-D
1967
ref
Gen mtge 5a
106Vi
J-D
2000
series C
64
141%'
f-A
1974
&
89%
64
135 %
128%
*107%
M-S
1974
1977
1961
Gen mtge 5s
89
106% 106%
-.2043
gold 4s—
87
f-A
99%
2
.1948
H.
1st
6
105% 105%
•X
ry
64
Apr
95%
106% 106%
104
A-O
102%
100
90
.10
104%
103% 103%
.1949
95%
Pittsburgh
A-O
106%
M-s
1960
•106%
Plttsb Coke &
A-O
105'A
—1947
*116%
107%
-1965
107%
f-A
114%
-1966
,
105%
J-D
107
105
111%
19
1949
106%
105%
107%
y
4s .guaranteed—
98%
105%
!88
106% 106%
4$**guaranteed gold- 1953
P
102%
106%
20
108% 108%
106 %
96%
F-A
J-J
133% 133%
108%
Series E 3%s gtd gold
Series
.
95%
F-A
133%
A-O
.
Pittsburgh Cine Chi ft St Louis—
100%
F-A
J-J
J-J
1984
...1985
1964
166
110% 111
1975
series a
101
101% 101%
107% 107%
99%
99%
135%
130% 130%
100
94%
341
F-A
1998
:
96
97%
J-J
139 %
127%
2%s
Certificates
Series
J-J
133%
32
Phillips Petroleum 2%s debs
A
'.96%
101%
19
132% 133%
—1937
73
199s
1st
4 Vis series B
ref
97%
A-O
137% 137%
133 %
debentures
96%
97%
137%
A-O
2%s
M
97%
A-O
128%
J-D
..1981
Series G
100%
124%
f 4s
deposit
98%
95
1998
D
Mtge 4s series a.
Mtge 4s series B
and
1st
t§ A Philippine-Ry
101%
1
24
1998
Purchase money gold 4s
N Y ft Harlem gold 3Vis
ref
&
1st
84%
92%
42
ext
gold 4%s
Electric
1st
86
98
1997
Connecting RR 2"%s
For
99
83
99
1997
1st lien & ref 3 Vis series E___
N Y Gas El Lt H ft Pow
gold 5s_
Y
19
84%
2013
3 Vis
gold 4s
N Y Edison 3 Vis series D
N
847/a
2013
C
series
General
Phila
106%
131
128% 128%
Philadelphia Co coll tr 4%s
3s
.
1998
coll gold 3 Vis
3%s
y
106'A
127
128%
i, General 5s series B
••
yv-.'
P-A
1952
Phila Bait & Wash
'
..1968
Philip Morris Ltd deb 3s
Chicago & 8t Louis—
mtge
Dock
111
103%
Ref mtge 3Vis ser E
N
107%
deposit
registered
York
Ref
22
■
_
gold 3 Vis..
registered
Cent
110% 111%
1954
registered
3%s
108%
1956
deposit
A
Lake Shore coll
3 Vis
107%
I
deposit
impt 4Vis series
Cent
3Vis
RR
2
1956
of
Certificates
Central
Ref
II
deposit.
of
series
108
1954
of
series
5Vis
110
106 '/a
1952
C
Certificates
A 1st
A
series
Certificates
.107%
5
1953
B
Certificates
A 1st
A
series
118
4
deposit
1
A 1st
118
110
% 106%
108
'
& Mexico Ry—
series A_
1931
as
inc
103%
127%
107
J-D
Apr 1990
Ry 5%s
1974
Pere Marquette Ry 3%s ser D
1980
114% *'
125 Vi
1974
1st ref ft imp 4 Vis
1st gtd 4s
8ANon-cum
97%
111%
1
5s A
Orleans Term
INew Orleans Te?
15
106%
1965
A Income 4s
Peoria & Pekin Union
104% y
107%
105%
1960
X
27
1986
Jersey P & L 1st mtge 3s
Orleans Great
New
99%
% 127 %
New
Nor
103%
03
5s
1st 4s
New
N
105
106
104
11
May 11948
B
4s
:n$-:
$
11
3%s
& Eastern
Peoria
106% 107%
106 %
106'A 106 %
Peoples Gas L ft O ref 5s
1948
cons
deb
y
105% 105%
A-O
A-O
106% 106%
mtge 3%s ser P
105%
105 y
JANavgatuck RR 1st gold 4s
Gen
A
M-N
Gen mtge 4%s series E
Conv
105% f:
104%
3s
Newark
Consol Gas
■
•
series
•119% 120
1948
General 4Vis series D—
National Dairy Products 2%s
J-D
1975
•.
series A
series
*113%
1965
s
debentures
Pennsylvania RR—
•
Consol gold 4s
4s sterl stpd dollar
Cons 6inxlng fund 4%s
'
m-N
1st
y
i02
.*117%
j-d
1964
j-j
*100%
99
102
1966
J-J
*116%
106
107
1977
Oo!?5
El
mortgi
P-A
*113
113
,1957
M-S
Public Service.
1968
J-J
1972
M-N
2037
J-J
39%
M-N
1956
IA Providence1
1st ft ref mtge
1st ft ref mtge
ft
105 %
1977
4%s
t A Providence Tj
1st
105
ref
mtge
8»a^gi_—... 2037
J-D
39%
*108
111% 111%
*108% 109%
113
32
45
108
108
109
111%
108
110%
'•*161%
.
.
160
165
*245'/a
250
250%
•'
Volume: 163
BOND RECORD
NEW YORK
22
WEEK ENDING MARCH
FOR
RANGE
BONDS
Week's Range
or Friday's
Sale Price. Bid & Asked
Friday
BONDS
V-
Period
3;!
j.j
Quaker Oats 2%s deb-
Low
104%
104% io4%
1st &
3%s
ref M
Rensselaer
1995
M-N
D
ser
105%
Rochester
*
Gas
:
__
of St Louis—
105% 105 Va
38
"104,
103
104
107 %
2
75%
115
87 Va
8
75
1967
1967
1969
1934
1949
1941
Gen mtge 3%s series H—
Gen
mtge 3y»s series I—
Gen
mtge 3%8 series J
1st 4%s
If AR I Ark & Louis
IA Rut-Canadian 4s stpd—
HARutland RR 4%s stamped
"125%
..
"
.
V
"
M-S
M-S
;
M-8
*109% 110%
61% 63 %
__
63
J-J18%
J-'*
21%
21%
20%
18%
19Va
21%
-
'74
105Va 105'/a
88 Va
66%
51%
64
J-D
*103
J-D
*100%
Jf-8
*109%
Jos A Grand Island
Bt
1947
Bt Lawr &
Adir 1st
1st 4s
gold 5s
J-J
2d
1996
1996
Bt L
:
■
97
=
Electric Co
lien
4s
A Certificates
A Prior lien
of
1950
I J-J
63%
59%
59%
J^J
66
68
/^Certificates of deposit
t A Cons M 4%s series A
'
of deposit stpd
18t Louis-Southwestern Ry—
1st
bond
4s
A 2d
ctfs
A Gen
ref
&
"
'$
M-N
J-J
1952
v; j
j-j
1990
1st cons
gold 4s_1968
UASt P & K C Sh L gtd 4%s
1941 v
Bt Paul Union Depot 3%s B
1971
Scioto V & N E 1st gtd 4s
1989 |
(Seaboard Air Line Ry—
v
jA ls gold stamped
195G
Sv
A Certificate
of
iooy2
110
110
104 A
104
106%
__
aii
55%
F-A
:
1959
series A
1945?,?
dep (Guaranty Trust)—
;ACtfs of dep (Chemical Bank)—
'r (SAAtl & Birra 1st gtd 4s
1933 J
ACertificates
Seaboard
1st
Air
4s
mtge
Gen mtge
A
ser
Fla
■
.
1954
Socony-Vacuum Oil 3s debs
& Nor Ala
RR gtd
1964
5s
J-J
^0*
^
Southern Bell Tel & Tel Co—
3s
-
1
debentures
A'Q0Z:
1977
Gold 4%s
1968
Gold 4%s
1969
Gold 4 Vis
,
,
1981
r
Fran
Ban
1st 4s
Pacific
Southern
S:
Term
RR
.1989
Co—
,■
mtge 2%s ser E..i~
Southern
Devel
Si
Devel
&
gen
Devel
&
gen
gen 4s series A
C,-v j-j
^
A-O
Southwestern Public Service
1951
10
152
106'A
104
102
=
109%
f
•
102 Va
17
145
104%
108 %
-
117%
123 Va
13
-
122% 123 V*
122%
128
126%
109 Va
103
107%
—
37
107% 107% V
67%
6
102 Va
106 Va
77
101%
105%
105%
107%
105%
106
104 Va
106
U;
102 Va
J-D
-
107% 107%
•V 102
102 VaV
77
v.'
*105% 107
•!•!!:■ •y -V\i
•
-
106
.106
M-N
W-
105% 105%
M-N
8
v
-
103
104%
105
-
104
105%/' :V-:f97
104
105%
v.-
105%
9lVa
.
:jz,
> '!!■■
V
88%
88 Va
,
108
89 Va
86%
91
;,109% 109%
!"''
y.
94%
V. 90
18
:-H:- ".ji.
v,
104
103 %
108
•106%
1:
104%
'
105%
117%
; i6
104% 105
•
>
102% 103%
7
106% 106%
*118;
103%
,103% 100%
39
109% 109%
104
104 <"!■:
3V.v
109
165
!:/
1X6%
V 100%
215
92%
! »,v 91 Va
109%;.,'
117%
*
\
52
51
76 :
86%
;
52
51
.
108%
no9%-:"..i:»
3
Deferred delivery sale not Included in the year's
n Under-the-rule sale not
included in the year's range,
y Ex-coupon.
„
a
:i
89
87%
52
37%
190
/• 3
••
36%
51
107
108 Va
109
i.j: 10
107
.1968
1971
maturity.
48
-
—
'
47
83%
84%
84%
4s—1936
§Negotiability Impaired by
\
...
103% 103%
103%
-
included in the year's range,
not
111
104
104
(AWisconsin Central 1st 4s—-1—194(
ACertificates of deposit. ** — tM. 0k «• Mi m
Wisconsin
107%
69
106%
1958
1960
%s
Public Service 3y«s
109
68
105
1970
Wisconsin Elec Power 3
Z 106%
llOVa 111
1992
I ASu & Du div & term 1st
ACertificates of deposit
106;. 107%
v 3
106'A
1949
1st 4s__"
102% 104
; 115% 116%
■■'.:• 102
*108% 108%
•
110%
2361
...
Winston-Salem S B
20
64 Va
63%
-mt 107%
J-D
Registered
135%
107%
60
f-a
,
*7
136%
7:7,73
119% 119%
60
f
•
101% 103%
102 Va
108 Va
68 Va
64%
II
*106% 118
1951
.2361
Wheeling Steel 3Vi series C
Wilson & Co 1st mortgage 3s
! 106% 106%
106%
i
I-';
667/a
:
5s—i960
Wheeling & Lake Erie RR 4s
Gen & ref M 2%s series A
"■
.105%
104%
'•■?:•.: io
107% 108 %
;
7
105 Va
•
Westinghouse El & Mfg 2yas
West Shore 1st 4s guaranteed
>
106%
102%
'
155
123
;io7%
;
■:=
.1959
1956
1961
104
■y 109!
:y^75"!
105 %-v
■123%
Apr
—1961
Oil Corp 3% debs
8uperior Oil 3%s debs
Bwift A Co 2%s debs
Sunray
109% 112%
30—year
110%
104 Va
iUffJMVni';
1967
Telegraph Co—
* ■■■
Fundir,g & real estate 4y2s
1950
25-year gold 5s.....-..;...-..—1951
105% 107%
25;
*66
Union
Western
•'-
105%
108 V*
>
M-N
.
v
"108%
A-o
3Vis—1974
8tandard Oil N J deb 3s
105
102
106
19
*103
Power 3y2s series I
1966
Maryland 1st 4s
i.1952
Western Facific 4%s inc ser A—2014
97 Va
106 %
102 Va
--
■•••*._
1950
101
100%
108
107
*103%
*
93:.
104%
101V*
•;.101
'i V :/.3r77;J*5:-
97
'
96Va
105'A 105 Va
96%
105%
Western
-
102% 102%
143
143%
J-J
oSpokaue internal 1st gold 4 Vis—2013
Btand Oil of Calif 2%s debs
^1966
„
101
100
96%
West Penn
■./:
,
•'•;> '73%
104%
!t- 24/
>
-
7106% 106% >'
J-J
Southwestern Bell Tel 2%s debs—1985
108
*135% 138%-
A-O
109
111% 111%
•
1948
A_ul970
3'/as
v.
•f;
2
;,.108% 109%
'V'
119%
1996
4s»;
-v.)
Gen mtge
105%
-78 •.;;•'!.•
r
•
■
25%
103%
'•"'143
122%
111%
*110
Jan 1981
B__Jan 1991
Washington Central Ry 1st 4s
Washington Terminal 2%s ser
Westchester Ltg os stpd gtd
!
90 Va
101% 104
"<
2
■
.in:
•
105
i
■
80
101% 101%
..
1st gold
--
104
122 %
111%
106% 113
103%
—
*119% 130
Baking Co 5'/as debs (subordinated)—..
...
1970
Petroleum 3Vis
1955
Warren RR 1st ref gtd gold 3% 8—2000
101%
99%
J-J
1956
1958
..1956
6s
6%s
Bt Louis ,Div
;!;.
106
*103%
Ward
110
16
:••!>
105 Va
105 %
•109;
Si
J-J
106 Va
»
—,
.
-106
Warren
105
110
106
105% 106
■
J-J
1994
%Mem Div 1st gold 5s_^
:
129 Vi
V 105%
;.-v:
p;,. A-O
1986
Ry 1st cons gold 5s
'
: 105
'
•
111% 112
106
M-3
M-N
1961
>•
'
—
•107% 107% V
107%
.
M-N
3%s series B——1986
1st
"
,
r
1st mtge 2%s ser A—.
■'
:
6
:
,
179
V
(Oregon Lines) A
;
81%
19%
75%
105% 106
-
Af-^
80%
81%
.69
sir tM
"103% 104%
:-'ll2:
J-J
F-A
1985
V Southern Pacific Co—
1st 4%s
V
1
i.1979
2%s debentures
103%
—
*115%
mtge 3 yas ser B———.1971
Walworth Co 1st mtge 4s
.1955
3
__
'
104% 104%
"
1963
.
105%
104 V*
*114%
1955
A
1st
60V4
69 '
;V
,
106'/a
'.HU'75%
75%
7'!
"•*•
F-A
'
;
103%
■
mtge inc 4%s ser
AGen
:
69
,101% 102% y--.
1
J-J
1941
1965.*
debs
i -'!••" 54-•
24
106
;
;!.
ft ASilesian-Am Corp coll tr 7s
8outh
;
87%
85%
J-J
Skelly
2%s
-—
,23
';r§:
! j-j
1961
Union Oil 2%s debs
2%s sinking fund debentures
Oil
"97%
,
23
-
M-N
?
(Joseph E) & Sons 3%8_1965
F-T
103% 103%
-.1995
.
23
;:•>!",■¥
i
100% 100%
...1935
61
'
87%
.
ctfs
HO
104 Va
103%
3f-S
1957
mtge 4s inc ser A
A Gen
61%
,
55
10
g 73%
W
:
104%
107 V*
Wabash RR Co—
29
-
i
_
A
1
.
..
Shell
i
"l
Co—
wl
6s
'51
72
deposit
RR
103%
107 Vi
A-O
;
129%
'
73
4%s Ser A
tASeahoard All
Beagram
of
Line
104
107%
*104% 107%
A-0
•
Virginian Ry 3s ser B
i
122
122
'
;
■r-r!
.
63 %;•;:
105%
:!-il8-:y
V,
M-S
34
104%
105 Va
•
:
--
r~~.
:'!•
6s
cons
102%
132% 132%
,
A-0
/
114% *:
105%
~
103%
7-103%
J-J
-1990
Virginia Electric & Power Co— ^
1st & ref mtge 2%s ser E
i975
Va Iron Coal & Coke 1st gold 5s__1949
Va & Southwest 1st gtd 5s
2003
1st cons 5s
-1958
102
54Va
82
56%
'!!
A-O
ACtfs of
;
•
*106Va
M-N
•
54%
,
!_1947.
Cons s f 43 series B
1
/!':•■
91
;.
114%
*132
of dep (N Y Trust)
of dep (Chemical Bank)—
ACtfs
A 1st
■1
-1970
104%
-
Vandalla RR cons g 4s series
97%
IV
■■■■■
,114% 114%
! ,A-o!c \!>:
86
•
104% 104'/a
104% 104%
J-J
J-D
United Biscuit 3%s decs:
Universal Pictures 3%s debs.—.. .1959
'•
;K 7!v S7
4
97
107
34
>
119%
•!
93
V
43
•"'■••39
98 Va 100
mM
J-D
! 115
52%
112%
104
»„
A-0
;.1967
...
110%
106% 107
34%
W-N
A-0
.1945
Union Paciiio RR—•
iv
:: 1st & land
grant 4s—
Ref mtge 3s series B—
:*. il-,-'
77 Va
S 87%
—.
of Mo 3%s„. _1971
-1975
2%s
52 Va
7
100%
112%
104
F-A
..1955
^
63%
v3
119%
v
"
tr
2%s debentures
;
78%
46 \
45%
Hy 30 v
deposit
IA Refunding 4s
A Ctfs
■
V'
-73
■!
"96% 100%
89%
-■i.'f.v'.X;
vi \,
61%
,391. ;:r
47%
119
'.fv
119
56%
!Av:X6-^
48 Va
47
! 47%
Nov 1989
gold 5s series A
5
73%
56%
162
s^67^H-67%'
47%
Af-B
1989
C IA 1st term Si unifying 5s
Bt Paul St Duluth
f
-
certificates
inc bond
48
-
67%
-
1978
A Certificates
■j:'
62%
.
353
coll
&
M
tIAUnion Elev Ry (Chic) 5s
Union Oil of Calif 3s debs.;
!p97% 100
99V4 101%
60 Va
deposit
:
98
95 *
"98%
;~
v
5s series B__
102 y4
~4
"101%
1950
v
A
ser
97
97
•
-■<
•7-1st
105% !
102 Va
;!■" 6
,'
■•:
J-J
"
A Prior
103%
-
103
■>102
aV:
A-0
.
-.103
103
J-J
1956
gold 6s
Rocky Mt A P 5s stpd
IBt Louis San Francisco Ry
;;£•#
A-O
66%
104%
724
21%
Union
1966
97%
103
104
''t-'$'P"a f': 'I:■»'•'''
Baguenay Pwr Ltd 1st M 4%a
105%
104%
97%
96%
A-0
3%s._1960
Toronto Ham Si Buff 1st gold 48—1946
Trenton Gas Si Elec 1st gold 5s—1949
Trl-Continental Corp 3% debs
1960
109 Va
61
105 Va
105 Va
J-J
Tol & Ohio Cent ref & lmpt
108%
108%
"108
—
v
108%
*146
J-D
1960
Jan 1960
AAdj income 5s
..
"108
—
103% 106
106 Va 106%
106%
J-J
107%
104%
105 Va
105
A-O
Af-N
J-D
Orl 3%s__1974
Tenn RR of New
Pac
'
M-S
105%
*108% 109
Pacific-Missouri—
Texas
Third Ave Ry 1st ref 4s
M-S
150
136%
108 7/a
105% 1
106 Va 108
""
142% 152 Va
129%
*135 Va 138
A-0
.1961
2000
1985
—
105
104
..,"104% 105
..
J-J
i«o»
aeu.
gold 5s
Gen & ref M 3"%s ser E
Elec Corp—
&
Company js
debentures
Texas A Pacific 1st
__
75%
imp 2%s series D
Texas
108
107 y8
108 Ve 108 '/a
.
A-O
High
Low
•
—2019
1985
imp M 4s ser C
&
M-N
1963
3s
mtge pipe line
Ref &
107% 108
-
M-N3P3_
mtge 4%s series D—...—1977
Gen
105%
,
J' J
1949
& coll trust 4s A
cons
,
Sold
No.
High
Transmission—;
Gas &
Tennessee
3s
(4.7%
mtge
A 1st
106:,"a
105% 105%
&
Saratoga RR Co—
for 1945) due.1975
Revere Copper Si Brass 3%s
i960
JJARio Grande West 1st gold 4s__l939
Oen
33*--
Low
Range Since
January 1
Bonds
Friday's
or
Bid & Asked
High
No.
Ref
A-O
Sale Price
"
1st
1081
Last
Period
Terminal RR Assn
Reading Co Jersey Cent coll 4s
Interest
January 1
Sold
High
Low
!y;^
Week's Rang*
Friday
'
Exchange
Stock
York
New
Range Since
Bonds
Last
Interest
Exchange
Stock
York
New
1393
CHRONICLE
COMMERCIAL & FINANCIAL
THE
Number 4475
109 Va
•
d Ex-interest, e Odd-lot sale not
included in the year's range, r Cash sale
range,
.
tThe price represented is the
dollar quot^JJon per 200-
bonds. Accrued interest payable at the exchange rate of $4.8484.
.
tCompanies reported as being in bankruptcy, receivership, or reorganized under Section
the Bankruptcy Act, or securities assumed by such companies.
•
,
.
„ j,
"Friday's bid and asked prices; no sales being transacted during current week.
/
pound unit of
'
ABonds selling flat.
•
,
"
,
^
,
77 of
•
NEW! YORK CURB EXCHANGE
:«,4®».>s5.(ea-5»6»»:a»WEEKlT AND YEARLY RECORDwhen selling outside th* regular weekly rang* are .shown
of the week, and
NOTICE—Cash and deferred delivery sales are disregarded in the week's range unless they are the only
a
footnote in the week in which they occur.
No account is taken of such sales in computing the range
in
transactions
'
for the year.
v '
•
<V
New York Curb Exchange for the week beginning on Saturday
March 16 and ending the present Friday (March 22, 1946.) It is 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.
> 7 S , *• „
»
( v A
In the
following extensive list
.
STOCKS
New
York
Curb
we
Motors
V'ire Co
A
-v
Ainswoith Mfg common
Air
Associates Inc
Air
Investors
Convertible
preferred
-5%
700
Feb
30 Va
Jan
13%
Jan
.
Jan
21% Mar!.
5% Jan
2,000:
:i7%
18'A
19%
ioo;
5%
5 Va
700'
Jan.
19
Jan
15
17,300'
23 Va Mar
16%
200
7%
17%
18
J an
Feb
23%
Feb
.
5%
preferred.....
•
Alios & Fisher common
1
Allied
Int'l Investing $3
Allied
Products
conv
10
•
1598
8 Va
2,800
600
.
6%
75
100
preferred
7%
Feb
Aluminum
Goods
Aluminum
Industries common
Aluminium
6%
Ltd
Mfg
common
Co
Book
Central
17Va
Jan
American
16
22%
Jan
American
9%
Jan
Mar
7% Mar
6,900
1,050
24 '
172%-
■T-V: 50
:
Cities
Convertible
Class
Mfg
Power
class
A
A
28
—25
250
128%
Jan
133%- Jan
116 Va
Jan
119 %
Feb
107%
107% 108 Va
570
Jan
12% j Jan
109%
Jan
American
.14%
Jan
American
Co common
10
& Foreign Power warrants-
Jan
American
Fork
62% Mar
American
Gas
48
..
-
,
48
Feb
Jan
13% Mar
_
15
.
..Mar
4% %
Cyanamld
&
•
preferred
100
Hoe common
& Electric
10
•v'650
:
5
474
'
■
so
1.600
63 Va
Jan""
76 V*
•",
21
Mar
,
Jan
116%
Feb
.
4%
25%
26
.
175
Jan
110
Feb
Feb
121
113 Va Mar
23
1
High
Low
Feb
Jan
Mar
111% Mar
.
5%
Jan
65
Mar
Feb
Jan
57
3%
57
700
16 Va
Feb
22%
Jan
53
; 3:
250
50%
Jan
54%
Jan
50%
550
47 Va
Jan
51 Va
Jan
8%
2,400
7%
Jan,
10
Jan
54 7/'a
5,900
47%
Jan
55%
1%
Jan
.50
•
8
8%
54
200
18! f.,:.
52%
50
60
17%
& Light—
'1,750
100
111% Ul%
—100
1
117Va 118 Va
.
l&l
Range Since January
-
75%
73
1
.
129 % 130%
107
Shares
113% 116%
•23
23
24
•
*
100
preferred
American Beverage common
12 Vh Mar
40,.
pfd—
(Mich)
Co common
page
8
20,800
■:::
Hish
Feb
5%
*
Aluminum Co common
117%
50
*
Sale Price
American
13%
Southern
see
23 Va,
y-19%
3
Great
footnotes
■
.
11%
Jan
'
:
13 Va
Power Co $7 preferred
For
8% Mar
200
6%
10
Alabama
Bros
6 %
6
22
50c
Alabama
of Prices
High
10
Mfg Corp—
60c convertible preferred
Air-Way Electric Appliance
Altorfer
'
0
1
2
(N J)—
common
Aireon
$6
/,
27%
J
.1
B_.__
Class
8%,
8%
-
Low
Sale*
Range..,, for Week
;V;
Low
' H)i~
8
Supply Mfg class A
Aero
Last
Exchange
Range Since January 1
High
10
Co
F
D
warrants
common
Curb
Week's
Friday
STOCKS—
York
New
Range „v for Vveek
of Prices
Shares
Low
ACF-Brlll
RANGE FOR WEEK ENDING MARCH 22
;
Sales
Week's
Last
Sale Price
Acme
complete record of the transactions on the
a
V,'.:-'"c-;."A^
Friday
Exchang*
furnish
53
'
%
3
23%
44%
112 Va
42%
3%
r
24
44 %..
111% 112 Va /
17,200
550
21V4 Mar
3,500
X40%
Feb
275
110%
Jan
>
Jan
5%
Jan
26%
Jan
45% -Jan
113
Jan
THE COMMERCIAL & FINANCIAL
NEW YORK CURB
/
FOR
RANGE
STOCKS—
New
York
Curb
Week's
Range
Sale Price
American
Par
Low
General
Corp common—lOo
preferred
,'.
1
$2.50 convertible preferred.
i—1
$2
15
American
Laundry
Co—,
American
Maracalbo
27
41
25%
American
Potash
30
20%
20%
1
fe4v;':
&
Anchor Post
Feb)
Jant
28%
Jan
300
4%
V
20;
;
21,200
I'/rZ
19%
8%
9%
1.000
2%
2%
V?
55%
—
preferred
Paper
-8
—
common—
51
%
650V":
..a
5,300
56
tZChamberlin
5% Jan!
46%
43% Mar
15%
;';56
Jan
2%
!
Jan
8%
•
Jan
C:
Febi
Chans
Jan-.-;
20%
dep rets ord reg
11%
800
14%
Febi.
121
Jan
59%
non-voting
7%
12%
6
15%
Feb:
Feb
17%
Febi
6%
preferred
10
Arkansas Power & Light $7
preferred.*
Aro
Equipment Corp—
Ashland Oil- &
Refining
5%
American dep rects
reg
Associated Laundries of America.
Associated Tel & Tel class A
Atlanta Blrm & Coast RR Co
Coast
Jant
42%
115%
Feb
14%
Jan;
5%
Feb
3
Jani
6%
10 Ye
5%
7
Feb
7%
10% Jan
11
Jan
Cleveland
:
Jan :
j
Jan.
Jan
115%
Feb;
21% Mar
27%
Jan
10%
13%
Mar
Colon
Avery (B F) & Sons
5%
Fire
Banco
de
los
American
7
450
18%
70
76
■
•-
-1
7%
37
•
;
1
V t
400
I
5,000
7%
39%
Jan
12%
Jan
48
43
1,150
330
&
10%
Corp
Seelig
i
convertible A common
Basic Refractories Inc
Baumann
(L)
common;
.19%, Feb
1
8%, Jan.
17
Jan
;—•
1%
1st preferred
Brummel Ties
Beauni; Milis Inc common
100
Beau
Beck
(AS)
Bellanca
Shoe
Aircraft
Bell Tel of
Benson &
1
1
Hedges
25%
1
7%
—
100
common;
v" V
100,
common
(E W)
39
Blue- Ridge Corp
common.
$3 optional convertible
Blumenthal
7%
20%
13
•
55
,46%
5
*
,9
Oil Co
Tobacco—
£1
dep rets ord reg
10s
Power class A
Class B
A
•
22
1
Bruck
Silk
Mills
Hill
&
—1
—5
Ltd
4:'
21%
'—"
6%
—
.6%
: —7,v'.
■
lly*
Sugar..
21%
250
6%
8%
1,100
—
Mar.
Camden
27
Jan
7 00
U%,
4%
Jan
12
33
2,300
Jan.
Jan
102%
4,400
Jan
12%
42%
77.4^/'V
42.%
400
68%
Mar.
; 45
Mar/
13%
18%
9%
.
'
V 2,400
21%
2%, .2.%,;
9% 10
2%
25o
7,000
8%
14%
1
10
1
Insurance
Canada
Cement Co
Co,
common
Class B
voting
4
18
Jan
Jan
Feb
Feb/
•12% Jan
7
Mar
8%
Feb
6%
non
City
Carman
&
Class B
voting
7
11
13
;
4%. Feb '
3% Mar
9%
-;Vi
11
7-7
12%
9%
7f 7 7;
—
4Vs
11 Va
9%
*
V'--.
7"'
17%
&
1.000
11.200
32%
32%
300
33%
33%
33%
25
26 y8
27
53%
54%
*
footnotes
see
117y2 117%
—s.-; •••
'
1
pfd
5%
100
pfd__100
page-1598.
Mar
I
Jan
j
i
7. 5% Jan; I
58
Jan
.
36% Feb
38%
-
Jan;
i
13% Feb
Feb? i
20
:
Steel
Products—
Feb
Co
common
15%
150
"
!
common
10
preferred
Corp
New
Feb "
25%
Jan:;
Jan
37% Mar
13
Jan
15
13%
Jan
17%
10
155
'
i
'
.
12%.:
1.100
ord
"
5%
Domestic Industries class A
—_.l^
com
Dominion Bridge Co Ltd
Dominion Steel St Coal B
Tar
Textile
&
Chem
Co
-1
'
common
1
Ltd
2,000
Feb
23%
Jan
24%
Feb
|7
Jan
21%
Jan
;
Feb
8%
•
13%
Jan
;
]:
Jan
■
7%
Jan
V-';
'■
9%:
;.7:7."
7
.
10%
32%
32%
7
I'-./,, •'.;/■
.7
;
•/•;/.;
Feb
37%
Feb
37
100
'
;
12%
31% Mar
3.100
44% Mar
;
Jan
•
|
'fi;
11% Mar
20%
20%
21%
25%
1.100
V
17%
6,400
24%
,
12% Mar
21JA Mar
J
Jan
24% Feb ;'
22% Feb
77
—
—7.7
•
19
'
20% Mar
17%:
.
6%
21
6%
T '
12%
II
87
177/b Mar
1.300
6%
"■< "'
13%.
7 27 7 JMar' ,v
62% Mar
4 v-.y ':'.7„.
;'
5%
/'
13.900
40
//'■''
7
13%
Jan
87
,11% Mar
10
7 83% Jan
;
Mar
{
8% ' Feb
^
41% .Jan
Jan
7*200
Jan
21
•v
77
;v
15%
Febt
;
•
I
Ltd
Feb 1
-
•
21
Co
fJ&m <
170
20%
4%
:/! -' 77
6
•
178
11
I
2.200
•13%:;
V
10%
!
Jan
Feb
*
£1
reg
common——
common
Jan
140
100
.
12%
6
}
.' Jan .;
145
150
'
:
200
15% '
18
new
Co
55
Feb
36%
■
-1
Ltd—
rets
dep
Divco
Jan
21
15%
'•''•ai.'w
10
Diana Stores Corp
Dobeckmun
50
1,900
36%
"13% -'13%
';
—
1
Am
'?
175
24%.
'
1
Co
•'5577/
36%
;? t,'''
20
Stove
Distillers
54
24
54
24%
1
;
Corp
—*
Driver Harris Co
•
'
87
7
84%
V
103
84%. J/:;
so
55
84%
10
Duke Power Co
10%
5
Jan
Am
dep rets ord
55
60
103
£1'
reg
11% Mar
Durham
13%
Jan
*
103
'
83
Mar
55
•
Mar
87% Mar
V
91%.Jan
iV 65
Jan
103%
9% Mar
10%
98%
50
■
■
11%
"77.25
Jan
Jan
10%
Duro Test Corp common
1
Duval Texas Sulphur————————
:
Jan
Feb
j
Feb
'
•V
Hosiery class B
19%
common
"I
10%
18
19%
900
8%
1700
100
"
V
f- S
8%
15%
15% /
300
Mar;?'
Z
Feb
19% Mar
j
6%
Jan
10%
Feb
;7
14%
Jan
16%
Feb. V
Jan
Jan
104%
16
•.
.
Jan
7
J
16
Feb
7.,;
15%
Feb
20%
Jan
Jan
16%
Jan
4%%
3% Mar
4%
Jan
6%
Jan
Eastern
200
70
Jan
Eastern
25
30
Jan
East
Gas St
19%
19
,19%
14
14%
400
-
105% 105%
380
common.
Jan
27%
Feb
$7
States Corp
preferred series A
Feb
59 %
Jan
$6
preferred series B
117
Jan
Jan
34
117% Mar
147
Jan
17% Mar
22%
Jan
Jan
41
Feb
13%
Jan
Jan
105
Mar
16%
Feb
120
Jan
106%
Jan
7%
6%
100
100
Iron
Feb
120
•
105%
Malleable
52%
34%
2.800
Assoc
20
12%
14
35
Fuel
prior preferred.
preferred
32%
'
10
America
...Feb
Mfg
Gray Iron Foundry
13%
4
32%
1
& Co
of
8'A
Feb
32%
7
•
.50
100
Mich
■
,
3%
—
Central Maine Power 1%
Central New-York Power
For
16%
—
3Va
*
•
Products.
Jan
24%
27
(A M)
Feb
9
2.600
f;;: 44'M:
•
Castle
Corp
^6%
—
common
Jan
8%
10%
200.
4.000
13
*
1
—
.''.67.
4%
100
.7.—
Co class A
Casco
Jan:
20% Jan i
Dunlop Rubber Co Ltd—
'V7-7 •?':7
—
•
Carolina P & L $5 pfd
Carter (J W) Co com
Catalin
7/7:9%':
*
Products
Carnation Co
||
Feb:
5 Va
8
preferred
7 %
Jan.
15%
23
400
-
100
•
Canadian Marconi
Capital
:
Jan
20'A Jan
18 ^ Jan i
50o
debenture
Draper
*
preferred
Industrial Alcohol—
A
7
33% Jan.;
_33
...
common
De Vilbiss Co
Feb
Jan
Mar
300
Canadian
Class
11 :
50c
com
—
Detroit
Jan
Mar--0
7,600
4%
3%
B
Ltd
Ltd
I
Jan
43
'
•
Detroit
Jan.
Mar:
38,500
8%
4%
7.7
—
500
£1
Power
Bread
6%%
pfd
Corp
Canada
t
Jaii
6%
275
:
Jan '
108% Mar
——-JBv
Detroit
Jan
10%
50c
new
convertible!
Detroit, Gasket
'
Jan
Feb
~9%
Wireless—
Fire
7%.
,7
reg)—£1,7
Derby Oil & Ref Corp—,.,,,;-
7% Jan
Jaii
—
10%
14
12 %o
A
Dejay Stores
58%
21
—
Cable Electric Products common
Voting trust certificates
Electric
Mar
65
Lighting Inc common
2.50
Mfg Co (Mo).—,7V,,i^n....l-.7,
Dominion
Tungsten
.Febr]:
3%'
-
common
Tobacco
Dominion
California
14% Feb
600'
■
Jan 7
30 %
6,500
'.
-
Dennison Mfg class A common
$6 prior preferred
;
757%
.
Callite
•
preferred!——10
Class
58%
*
American dep rets 5%
Calamba Sugar Estate
in% Mar
,■
—8.
Dayton Rubber Mfg
.
2.50
Sullivan
Corp Am dep. rets—
Burry Biscuit Corp
Butler
(P H) common
&
Feb
180
common
|
Feb
33
8,700
.
•
Burma
Cables
12%
Jan
2,700
Davenport Hosiery Mills———*
100
—*
common
Co common
Buckeye Pipe Line
Bunker
1,500
22
Jan
prior preferred
(EL)
Jan
K
Cuban
Mar /'
44^444,
*
Brown Rubber Co
9%
12,400
9
'
a
preferred
Bruce
Feb
1,100
Cuban. Atlantic
Mar
Forman Distillers
Brown
Jan 7
47
25%
7,000'
Petroleum
Curtis
*
Fence & Wire common
Class
5%
~8%
J
rets ord reg—
Celanese Ltd—
Brown
Febi
7 7 $6
£1
British Columbia
$5
1
bearer
dep
Amer
!
05
"
,
British
^
—
American
7,900
Jan 7
6%
7'7
Jan
2,700
5
•
dep'rects ord
34
2,100
29%.
29 %
"7-
Brewing Co.——...i..
Crosley Motors Inc
———*
Crowley Milner & Co
1
Crown, Cent Petrol (Md)"
f;>> 200
25%
29%
c
Am
Jan
Jan;
10
7
25
83% Feb
Jan
4%; Jan
*
Co
Am
46%
22
23%
22
Z
200
Croft
Curtis
21
1
common
British
1,700
*
Feb
-
71%. Jan
Crown Cork Internatfonal
A—!.—..*
Crown Drug Co common.
25e1convertible preferred.^
-28
Crystal Oil Refining common
•
7
25%
135
1
Brillo
A
5%
Vri'i
•
—*'7
Bridgeport Oil
American
5%
7
—*
Aeronautical..
Bridgeport Gas Light Co
Class
Feb
5%
28
:
Brewster
British
23%
45.
Brazilian Traction
Lgt & Pwr.
Breeze Corp common...
Co
Jan
27
100
Borne Scrymser Co
Bourjois Inc;
Jan
12% Mar.
30
preferred—•
1st preferred
Mfg
19%
13%
35%
25
1
:
Jan
4% Mar
20%
7?
Mar
37%
5%
Creole
9% Jan
•
2,450
convertible preferred..
Courtaulds Ltd—
"
'American dep receipts,(ord
7:
Feb
115% Jan
108 % ,■ Jan
1,500
V: 5%
"
Jan
35%
1
(S) St Co
(H C) Co common
Boliack
165
39 '
4%
•
common
K-
6%i Jan.
28
•
common
1
Birdsboro Steel Fdy & Mach.
Co com..*
Bliss
Jan
7
Feb
40
1,500
Reynolds-
-
7
xl75% 178%
1
Blckfords Inc
Jan
Jan
50
-
&
Jan
82
3,100
_!
$6 preferred A
Cosden. Petroleum
.
21%. Jan;
8
,
-*
preferred
Berkey & Gay Furniture
Biauner's
26%
14
Inc
JanT
% Mar
700
*4
Textile
Cor; 'xin
Feb.;
50
'i
10
Corp
common
Canada
Convertible
125
Coro
3
44%
16%
700
-1
100?
Range Co
Cornucopia Gold Mines..
.
17%
300
Copper
'
900
>
Cook Paint & Varnish
Co...
;
..
..6
Janj
■797
7::.7-V,257
Co—
:
Continental Fdy & Machine
Co—
Continental Gas & Electric Co—
7%
prior, preferred!
Jan
8% Jan
Mfg—
Jan
.7
250
—
$1.20
43
4,200
Consolidated Steel
Corp——
15% Jan
4 6%
Mar
483,900
Consolidated Mining St Smelt
Ltd.
Consolidated Retail Stores
Consolidated Royalty Oil
1
Jan::
16%
8%
41
•
4%. preferred series C
Consolidated Gas
Consol
7714 % Mar
Mar
-•
Consol G E L P Bait
common—;
4%% series B preferred
::,9% Febt
Jan
1%
Jan.'
88 . Jant
'37% Mar
;
',727%
—1
>'
Jan
3,600
wan ants—
—
■
Jan:
4%
-100
c
19%
49
Mar
33% Mar
100
220
r
preferred
!
Consolidated Biscuit Co
41%; Jan. /
60
Febi
Feb
17%
3,500
8%
—28
Jani
7.12% Feb;"
,7.32 .7; Jan
32%
29%
(new)—
Jan.
17%
Jan
38
8%j
Febr
145
Mar
7225
4% V 5%
Jan
Jan;
Jan!
14%
6% Mar
300
15
155
14% Mar
1,550
'
14%
Mar
34%
Feb
11
Jan/
47" Feb*
175
Feb
26%
8,700
•
37
8%
•
Arms.
Southern
2,300
45
$3
Andes—
Steel
Barlow
Feb.Feb
17%
Feb
13%
600
11%
Jan
Jan
140
16%
38
extended to 1946;
:
Conn Gas & Coke
Secur common
shares—.—t——.—
Barium
160
Jan
2%
140
28%
"
"v
26%
20
S'/a
18
:
;
St
100
-100
Corp—.....
wrnts
1,850
•
«
•
Co common
;f .Feb.1
22'A
Jan,:
150
14%
11%
27
—1
30
Baldwin Rubber
Jan
29
152%
16
1
Illuminating
preference
Commonwealth
25
preferred
Feb-.
7, 22
6,700
"200
7
Utilities.—...—1
7 fo
10%
Jan
22,100
3
Community Public Service—
23
Community, Water Sei vice.——L
Compo Shoe Machinery—
—1
Babcock St Wilcox Co
Baldwin Locomotive—
Feb
16%
31%
140% 142
Development ordinary..!
Colt's, Patent
S
preferred
Coal
Columbia Gas & Electric—,
1
Ayrshire Collieries Corp
Electric
Airlines
Colorado Fuel & Iron
-•
common
:
Colonial
—1
Machine
Feb;
49%
7
Jan
15
14%
10
Co
Lights Inc
Clinton Industries
Inc—;—
Club Aluminum
Utensil Co
Cockshutt Plow Co
common!
Jan ji
112%
Neon
Clinchfield
1
Corp—:
Products—*
Voting
Feb'
49%
6%
160%
149
.*
Clayton Si Lambert Mfg
Feb
Jan
•
Plywood
Jan
125
2%
28%
•
Claude
—
Automatic
Feb;
36
.200
16
158
•
Clark
Controller
;;
-*
Feb>
50
Automatic
-1
100
preferred B
Jan
*
Fisheries
Jan
144
Jan
15,400"
21'A
15%
.10
6%
pfd__100
Atlantic
4
City Auto Stamping.
City & Suburban Homesj.
£1
Atlantic Coast Line Co
Atlas Corp warrants
:
19 Ms
•
;—1
.
13%
48
Jan
Jan,
16% Mar
$6 preferred BB—
10%
2.50
Co
Associated Electric Industries—
9%:
Feb
*20% Mar!':
& Mach
Jan
' 6%.
10%
10%.-
8%
Jan'
•7' 37 7,
'
100
•
.
21%
117%
Jan
10%
37
7,-7:'.7V 20 ■'
7.
High
7;
Feb
106
i.
Mar
112
5%<
-
42
■
20%
Cities Service common
$6 preferred
Feb
Jan
11%
6
:
;
Jan
1,325
41 77 : 4377:
—
Consolidated Mining.
SChilds Co preferred
Feb;
Jan
37
"
18
77.7,7 200
160%
42
...
Chief
Feb.
Jan
"
13%
200
10%,
700
15,100
.
44
158
common/-
Chicago Rivet
9%
114% 115
11
12%
v
39%
-—
5
114%
"12
preferred—
common
Low
(•'l$
19
117%
Co of America
Corp.
Range Since January 1
High-
18%
;
pfd——
West Utilities—
18
—
18%
..——
1
A
Products....!
■142
Jan
9
2,400
£ 1
—
Shares
Febi,
3 %
6%
•5oo
14%
8teel
Cherry-Burrell
i" Chesebrough
Feb;
11
Jan
43
4,100 >
6%
10%
11%
14%
Apex-Elec Mfg Co common—
——•
Appalachian Elec Pwr 4%% pfd—100
Argus Inc
—1
Arkansas Natural Gas common.
•
6%
'<'
for Week
~
6%
11%
common—
Angostura-Wupperman
Atlas
■
Jan"
Jan
60c
Fence
class
24
Ohio
Conv pfd opt div
ser____
; > Conv pfd
opt div ser 29
Cessna Aircraft Co
common
"
10%
'
10%
Jan
3% Mar
37,700
7
Angio-Iranian Oil Co Ltd—
Common
-
Sales
Range
of Prices
/ Central Pow & Lt 4%
27% Mar;
32% Jani
46
9%
2%
•
5%
Anger man Co. Inc
33%
46
Jan
Jan
119%
$6 series preferred
Writing
SCent States Elec
6%
l'/e preferred
|
24
18%
17
L6O
Thread
Central ft South
24%
700
preferred—
American
Feb:
40% Mar
43%
10
common.
Amei-
54
Jan
Central
Week's
Last
Low
Mar:
- '
Friday
Sale Price
\
■
15 %
Jan;
V
Exohango
-if-V.i.'iV.>7 -V
50
'41
Chemical
■Kap
American
:
:
STOCKS
York. Curb
Jan
300
-
:
Feb
V 52
7,900
30
25
Co
V
.
700
43
27%
25
Republics
Am
-
-V.
//
14
25.
27%
*
?•'
22
47
25
.*
American
$6
.
54
25
American Meter Co
1st
49%
54
20
Light & Trac common
preferred
American Mfg Co common™
6%
v%:;100'.'
15
.49%
25
Mach
American
MARCH
>
•
New
Range Since January 1
Low
High
.High
15
convertible
American Hard Rubber
Shares
ENDING
:
Monday, March 25, 1946
EXCHANGE
for Week
of Prices
Last
Exchange
V."
...
WEEK
Sales
Friday
CHRONICLE
A70%
28
•
—
6
5.200
7
101
97%
65
37%
3%
300
74
1.525 :
—">V;V;;.7:.-w.7 '
3%
4
.v..
69%
75
375..
•
68%
74%
52
42
%
,
;
Jan
i
-
Jan
1
69
400
51%
Feb
Mar
V
Feb
Jan
Mar
80
Feb
'
68
1.500
•
Jan
8
80
Mar
79
Feb
Mar
5
Eastern
$5
Sugar Associates—
preferred
52
Easy Washing Machine B.
Economy Grocery Stores.
Electric Bond & Share common——•
$3.50 pfd formerly $5
9
$4.20 pfd. formerly $6...
' 7
175.;
51
11%
25
7.7 187/a
...
9
56%. Jan
14%
Jan
Jan
Jan
29%
Jan
Jan
75%
Feb
75% Mar
78%
Jan
11%
12%
1.800
29%
29%
200
21%
20%
22
44.300
75
75
75
100
72
77
75%
77
700
i
Jan
Mar
11%
29%
.
25"% Jan
•;
,
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4473
tVolume 163
EXCHANGE
NEW YORK CURB
La at
Curb Exchange
York
Week's
Friday
STOCKS
*
New
Power &
: Electric
Light 2d pfd
j£L
11%
Co
5%
i
;
11 Mi
56 Mb
t'-V 525
33
common
Corp
preferred
Esquire
Me
Feb
39 Mz
49 Mz
Feb
4%
56
22
7 14 Mz
Jan
30M4
Jan
32 Mz Mar
5,900
x4lMe
Jan
593/4
32
54%
57Me
Camera
Fairchild
Engine &
Jan
International
21% '22
35
of
Feb
115
Feb
21% Mar
26 Mz
Jan
31Mz Mar
■
1,350
Xl6%
38 3A Mar
13,000
11"%
65
Mar
70%
8%
1,100
26 Me
25 Mz Mar
293/4
35
•
(Peter)
Malt
&
$3
13 Mb
19
20
(Geo A) Co
conv stock
convertible
12 Me
Jan
Jan
116
Jan
90
Jan
105
Mar
.92%
Jan
108
Mar
112
Jan
90
700
94
Jan
600
26
Jan
33%
Jan
60
633/4
900
58
Mar
68%
Feb
28%
Jan
28%
Jan
21
Feb
25%
Jan
1
22
22%
,77/: 300
720%
——•
20
20%
6,000
v
13%
7
13%
39 7;7
'7
4,000
10%
Jan
Jan
133/4
Jan
Jan
6%
2,800
4%
Jan
1,250
36%
Feb
5%
::
Jan
39%
13
6%
243/4
•24%
19% Mar
19%
7% Mar
.
39% Mar
373/4
30 % Mar
'
*2%
"2%
*2%-
29
1
voting trust ctfs—•
28 %
30
11
11%"
.11 ;
2%
—1
Irving Air Chute—;
Italian Superpower A
30 %
112 % Mar
140
.
14% Jan
Jan
Jan
•
shs—•
coupon
12%
28%
*
2 3A
9Mz
500
■
.
2%
1,000
Jan
3% Feb
Feb
.
Jan
32
Feb
13%
Jan
2% Mar
3%
Jan
33%
Jan
26
625
;
Jan
2%
3,900
.7:
711
V7
,
Jan
Jan
19
77 Mar
23
30
:Jan
49
28
Mar
343/4
30 Me
"
87
Mar
1003/4
7
Mar1
131
7%
Jan
..
—_
400
j-yy,';/:'; 31
32%
107% 107%
■■
> 17
125
7
106
"
Jan
108
109%
Feb
111% Mar
109% Mar
112%
Jan
Jan
27%
Jan
110
no
110
100
110
preferred———i—7—ii—--7.-100
preferred---—*..... *
——100
6%
Feb
115
Lt 5%% pfd—100
Jersey Central Pwr &
Feb
*
—-i.-*
Jeannette Glass Co—
', Jan.
—HI
preferred
>>>
<i
J
Feb
600
t
)■>'
Jan"
15%
Feb
200
"46%
30
11M4
33
1,300
./
44
,73/4 Mar
Jan
Mar
7727% Jan;
8
;
900
■
20
Ms
30 Me
1
—
,-
150
28%
45
__1
common
Fuller
4%
28 Me
12 Me
Co Distilling—.
Franklin Stores
Grain
Me
28
Brewing
5 Me
3,800
V -TOO
8
8
Franklin
Froedtert
>7%
7 Mi
7%
bearer-
Fort Pitt Brewing Co.
Fox
Feb
Jan
15%
27%
633/4
—
Iron Fireman Mfg
<7%
15"%
Jan
1063/4 107%
Chemicals—
shares
Products
Royalty
Jan
13%
France—
rets
dep
U Amer
7
108
'■•J?? T- 103
106 3/4
10
B
•
International Utilities Corp com—-IB
Interstate Power $7 preferred—
Jan
120
112%
.:
32% Jan
13% Mar
2,300
101% 105
!.'.
International Safety Razor
Jan
28% Mar
31
Registered
International
Investors
% 112%
112%
•
Warrants
fe
•14%
14
22.
International Petroleum
Jan
125
25%
30
31
|
Feb
Mar
936
283/4
80
Investment Co
Industries A
International Minerals and
1 Feb
29
133/4
27%
Metal
International
Feb
7
"»
v
17%
Jan
Jan
20
65
65
voting..
Motor
Ford
8%
Jan
5 Mb
7:78
•: t at
?pord Motor of Canada—
f; ClaSS A Wrtn-wnHng
B
Jan
Jan
25
Co—31
II
Ford Motor Co Ltd-^
l> Am dep ret!? ord
37 Mz
14
A
-7—
Fedders-Quigan Corp '_
Federal Compress
Warehouse
Fire Association (Phila)
Class
■200
.
13%
133/4
14% '
I
Machine
Cigar
International
Feb
14,400
275
Metallurgical
Fansteel
7 Mi
101
98
177/a
7(7' 700
'7
Airplane
$2,.50 conv pfd.
*alstaff Brewing
;
16%
Me
15
Inst Go.
&
1,900
7%
International Hydro Electric—
Preferred $3.50 series
Palrchild
High
,
Jan
25
V
Imperial Tobacco of Great Britain A
7
Ireland
£1
Indianapolis P & L 5Mi% preferred-100
Indiana Service 6% preferred
100
;
7% preferred
—100
Insurance Co of North America—10
Feb
15
fx'1
Jan
6oo
Feb
Jan
31%
133/4: /
Imperial Oil (Can) coupon
Registered
Imperial Tobacco of Canada
Feb
111 Me
•
Low
>30 Va
30%
Co
dep rets regis
Am
*
150
17
31
1
Mar
525
:;7<
Me
17
1
Pipe Line common.
Eversharp Inc new common.
Jan
3%
:
52 Me
Jan
53
Jan.
-
13
100
*0
Inc
Eureka
52
24%
50% Mar
109
Range Since January 1
High
■Imperial Chemical Industries—
Jan
62
Zinc
/Illinois
Feb
127/a
Jan
Shares
v
241
Jan
-
17,300
4:
.
50
■
if;'100
14
3%
10«
1
common
convertible
14
■
4,300
■
52%
52 V*
Empire District Electric 5% pfd—100
Emsco Derrick & Equipment
I
$3
.33%
32
.
preferred
Equity
6%
3,100
55J/a
High
155
> 19% Feb
Electrographic Corp—.
Elgin National Watch Co
Elliott
9 Me
55%
warrants
•| Option
for Week
Low
'
Feb
139 :'
350
1
-
Sale Price
Range Since January 1
Low
155.',
150
152
Shares
High
Sales
Range
of Prices
v
tut
Cork Xxekamgo
York
Nsw
■
Week's
Friday
STOOK8
Sales
of Prices
Low
ENDING MARCH 23
for Weak
Rmnga
Sale Price
WEEK
FOR
RANGE
V
110
110%
210
x26
—*
Julian & Kokenge Co
Jan
Jan
'J'"!* Ki'P w'.¥
K
Co
Kawneer
Garrett Corp; common
:
Uatineau
~.t;i 5 %
Power
co
,,
,
10 Mb
v ^
-14
•
nnmmno
preferred
97
inn
12%
11'/a
7%
7%
5%
v
14%
16%
14%
.9%
preferred series A
General
Plywood Corp
General
Public
4
i
106
10"
...
Service
$6 preferred
A stock
Co
17%
Feb,
10 Ma
Feb
120
9 Mb
Jan
9
,700
i 30,
v
•
14%
120
•
104%
Jan
24
10
;
Feb
109
,
Jan
6M4
Jan^
Feb!-.
Krueger
104
Feb
109
.60
111% Jan
115
110
Jan
Ill
27
Jan
Jan
55
Jan"
23
Feb
30
Jan
f
112% 113
32
33%
550
21%
21%
Alden
Glen
21%
100
Godchaux
.
7
-
Class
B
$4.50
Mines
—
10
Corp
Pacific
100
800
31 Mi
600
11
19
19%
27%
.29%
2,900
6,700
19%
28%
133
at
38%
•
.20%
Greenfield Tap & Die
common
28c
Gulf State Utilities $4.40 pfd
Aall
Electric
Jan
Feb
109 Mz Mar
17 Me
14 '/
100
13 Mb
Jan
113 Me
Feb
1J2% 13%
625
950
7
13%
79% ;
15
9%
r
450
"
116
173/4
6%
5%
6%
5.700
57/s Mar
\
5
4%
5%
3.800
43/4 Marv
of America B non-vot
Corp
Hecla
com
—
preferred w w
Holophane
io
Consolidated G M
Co common—
Inc
•
preferred
5%
Stores
Howard
•
'
■'
itvz
55
1.100
,750
65
1.300
13%
Jan
1.050
22 Mi
Jan
41
742
50
40 Me
Jan
1
140
10
i
152 v
•
115
36 Me
450
40
■y
36%
7 80
3 7 Me
'
Hubbell
(Harvey)
Oil & Refining
Hummel-Ross
Hussmann
i.
'
Inc
Fibre
30
>■
Jan
43 Me
Mar
Jan
115% Mar
39 Me
Jan
27% Mar
350
'
Corp
12%
11%
29
49 Mz
50 Mz
16%
16%
33%
55
1.300
"*23Mz Mar
77 175
45
Mar.
Mz
14
15;
'
Huyler's common.
8%
1st
preferred
Electric Securities
Sygrade Food Products
•■•
Hydro
45
6%
9
'45-
6%
29 % '30%
1,900
8»
Jan
100
43
Jan
100
5
Jan
1.900
22%
17 Ma
Jan
Jan
7 Mb
32
$2 non-cum
Midi ale
Feb
Co
Mid-West
Feb
conv
32%
For
footnotes
see
page
1598.
33 Mz
1.500
69
69%
400
18%
Dividend arrear ctfs
32
69%
preferred
18%
19
'900
31
Feb
35%
Jan
66 3/i Mar
75
Jan
18 Me
19%
Jan
Jan
Febm
54
17.000
11%
Oil
Piping
A
'
Miller
&
Supply
Refineries:
Wohl
Co
common
;
5%
conv
preferred
y^T-Mlhlng Corp of Canada
Minnesota P & L 5%
pfd
—50
—*
100
7,7:719%. Jan
3% Feb
.>'7
107%
;
Jan
99
Mar
;
■
.12%
Jan
•1! 115% Feb
Mar
55
8%
Jan
Feb
48
Jan
Jan
26
Jan
40 3%
Jan
40 3/4
Jan
6%
Feb
36
26
•
%•'
6% Mar
15%
3%
15%
4,600
600.
19
1,900
44 y«
50
18 Va
24
8,400
273/4
,
19%
44 %
29
1,600
8%
8%
2,000
'"
19 y8
Jan
Mar
4%
Jan
17ye
Feb
Jan
94y2
Jan
15%
Feb
22%
Jan
42
Jan
45
Jan
24
Mar
12%
1,000
.3
15%
13% Jan
94%
15
,
Jan
3
16%
Jan
25
Feb
,
7
7, 8Vb Mar
21%
19
Feb
"7%
10%
7> 6 3/4
9%
58
75/a
8
800
'
Jan
>
30
Mar
263/e
Jan
Jan
12%
Jan
.600
,
Jan
10
Jan
21,600
~8%
10%
30%
7
Feb
8%
109%
Jan
HO'A Mar
:
11%
Jan
Jan
12 y4
Jan
Jan
60
Jan
7% Mar
93/4
Feb
143/a
143/4
% 200
14
Feb
17%
Jan
4%
4%
4,400
4
Mar
5%
Jan
11%
11%
400
ll3/8 Mar
13%
Jan
193/4
21%
163/4
17
19
Feb
24%
Feb
500
15%
Feb
18
Jan
Jan
4
1,300
•
:
3%
4%
7,000
3%
243/4
25%
18,200
20 Va
13
39
; 42
7%
75
13
,7,. 550
Feb
Jan
Mar
35
Jan
Jan
47
7
11%
'94
8%
700
11%
~5%-5%
30
700
32
'94%
9%
5,400
2,400
.
50
2,100
6% Mar
9!/4
11
Feb
12 y2
33
7
Feb
25%
Mar
36 %
Va
16
Jan
13
31
*
30
10
*
1
1
-
Mar
6
38%
200
-1
—-8
preferred—*
Co
Feb
Jan
38
6%
38%
•
Jan
10.% Jan
111% Jan
850
5,300
common—
Abrasive
Feb
Feb,.
92 Vz
10%
dividend shares
Midwest
Mid-Wept
!
5%
96%
22%
10
1
conv
Feb
26
1.350
53
Mar
7 7 30
Mar
,15% / Jan
;••
27%
>'■■■575
10%.
*
common
Midwest
■
Illinois Power Co common..
Corp
25
Jan
.16% Jan
■i
3%
99
20%
class A v t C-1
t
?
Feb
105%
Midland Steel Products—
Feb
50
v
Midland Oil Corp $2
Jan
10%
.
B
West
Feb
3
97%
11%
3,200
18
1
2.50
Preferred
12
150
30
25o
Micromatic Hone Corp
Class
7':f 31
28%
100
1
Corp
Middle States Petroleum
Middle
29 Vz Mar
1.100
*
preferred
Michigan Bumper Corp
Michigan Steel Tube
>: 7 Michigan Sugar Co
Jan
100
15%
*
Participating
*
30
6%
Scott
Feb
26% "Jan
Mar
103
•
A preferred
7
20
11%
common
Textile
» 50
Jan
20% Mar
'
2%
-■
Jan
600
>■
5.100
98%
Feb
Feb
•/■ •'<;■■ 41
277600
3
105%
Feb
82%
Jan
42
-
Jan
11%
Jan
2%
Feb
21%
!•
18%
—1
&
.18%
Jan
Mar
9%- Jan
■
17%
8
10
*
Stores
Jan
34% Mar
26%
*
common
Chapman
10%
Feb
20%
Jan
31
7
14
15%
Feb
17%
^18
2.500
23% Feb
Feb
Jan
253/4 Mar
Warrants
.6Ma%
50 Me Mar
Mar
Jan
Jan
25
8
Metal
'
100
Corp
Messabi Iron Co
i
Jan
30%
Jan
Mar
26 Vz
6% pfd—100
JtcWilliams Dredglng«_
/
Feb
Jan
"10
'
1
Jan
48 a/4
3.500
12%
28%
$2.25 preferred
Com stk purch warrants
3.600
54%
52 Me
Co
Llgomer
•30'
29
54%
Feb
30%
■
15
1
—*7
$2.50 preferred
Merritt
Jan
44 Me
113 Mz Mar
16%
8%
24.000
23%
30%
Mercantile
Feb
22%
7; 32% Feb
20 3A
153/4
Memphis Natural Gas common
Feb
I.
Humble
y
Jan
173/4
152
Feb ;
io
y
Jan
31 '
7 Feb
2,550
115
35%
McCord
y
23%
Shovel—.—....——•
1
common
*
McColl-Frontenac Oil Co
Mar
59
.7
Feb
Mar
400
53%
Mead Johnson & Co
Jan
16%
v
k11
300
21%
Feb
263/a
Feb
15%
28
452
100
;
Corp
111
Harris
Massey
Jan
Jan
40
' 74%
y-39%
39 Mi
44 %
Feb
33 %
Jan
600
46
2oy8
Association v t 0
Mass Utilities
Feb
7
Marion Steam
7v
Jan
'26
r
•
*
19 Me
Jan
203/4
»
Jan
2%
42%
21%
Manischewitz (The B) Co—
Mapes Consolidated Mfg Co————.*
Marconi Internat Marine
-.
Communication Co Ltd' ,',7.1-——81 '•
\
,
Feb
•
18 % Mar
Feb
Feb
400
"
Light $6 pfd.
Mangel Stores common
Jan
26 Ma
16%
,14%
69
27%
143/a
17
107%
31
;
.
19
•
U
-77-50.;
3%
3%
45%
6
—10
optional warrants—...
Manatl Sugar
Jan
15 % Mar
10
56%
69
v
Feb
14 Mb Mar
625
20%
Feb
Feb
Jan
73
& Exploration-
Land
Power &
100
108
18%
Feb
23/4
37%
37%
preferred A ctfs of dep—
preferred B ctfs of dep—
Louisiana
?: 193/a
Feb
Jan
13
300
18%
10%
9%
28
1
Corp
Louisiana
200
15
•
& Co common
Hardart Baking Co
Horn & Hardart common
1
56
J
-
(Geo A)
&
Horn
2.80
7 M4
Feb
37 Me Mar
15
•
718% r
& Co class A
Hollinger
Hormel
15 Mi
108
__
Heyden Chemical common
Border's
3.500
3.100
wi.
w;
common
Henry Holt & Co common
(R)
18%
15 Mb
15%
Co
7%
6%
7 7% Jan
20% Mar
'
.
Hoe
103A
800,
17
Class A.
5%%
500
22%
15% .16%
vie%
Rubinstein.
Heller
11
21%
721%/
18 Vt
Mining Co_
Helena
10%
1
•
Dept Stores common
Feb
1%
12
•
—
Jan
72% Feb
Mar
67
l
Hat Corp
f
11 Me Feb '
41 Me jaii
8% Jan
11%
.29
s,
•
(R G) Ino
Jan
14 Vi
35% Mar
7
Harvard
Co
Jan
16%
18%
Long Island Lighting Co—
Common ctfs of dep—————,
15% Jan
Mar i
14
30
67
67
21 Va
34%
7
19%
34%
715%'
class A-.*
•
5
——.1
Lynch Corp common
550
36%7 37%
9%
7
37
Hazeltine
18 %
Lone Star Gas Corp common—
Jan'
;-45
Jan
123/4 Mar
500
■
15
.
38% Mar
Hartford Rayon voting trust ctfs
Hearn
■•
Jan
1,400
14
Light
Brewing
*
.
Mz Mar
140
38% .'39%
19
20%
•14
—•
Ltd.
124
Mar
135
160
Lamp Co——
Hartford
23 Ma
37 Me
134%
100
Gypsum Lime & Alabastine
Hamilton Bridge Co
Bammermill Paper.
Feb
17 Mb
1.500
Lipton (Thos J> Inc 6% preferred—28
lit Brothers common
-*
Loblaw Groceterias Class A—
•
.7class "B 7,, ■'; ■ mm,,;,/;
,
7 :'-:t ;
r
Jan
21% Jan
■--750*
116% 124%
133%
;
13%
10.700
Material Co
Lionel
-
i'47%1 Jan
Jan
Mar
13%
13%
Locke Steel Chain
123:
Products
Line
3.700
20 %7
12%
Oil Development
Le Tourneau
'
Tea—
—100
Stores
Jan
11%
stock- •■-•. " e
Grocery
71
60%
Feb
Feb
Jan
23
400
137;/
13.7/. v'77 13-,:;;
11%
Convertible preferred
Prior preferred
Leonard
50% Mar
Feb
38 Me
Great Northern Paper
2.900
9%
Jan
■
i:; ,/ 600
15
19%
Monotype Machine
Lefcourt Realty common
t!
Jan
U
common
Non-voting
30
1
Lanston
,
;:7/4yy Jan.
52
35%
.
29 ■./
-
—8
1
B
Class
..
Feb
14
60
l
27%
' 14%
Feb
Jan
29
7:
:■
———1
Langendorf United Bakeries
Feb
Jan
60%
—-
•
,
0 300
28%
Machine
Co common
Wells
Lane
105-7 Jan
Jan
37%
•
Stores.-;
'•>'-»;-J-
of Delaware
Mines Ltd
Lake Shore
Jan
103A Mar
io
coov
7
Atlantic &
Great
48%
20
100
51
fi.7% 1st preferred—
i,
Mar
11.
11
.
l
Co
2
pfd—28
i
common.
Graham-Paige Motors $5
Grayson-Robinson
Jan
143/4
Co
Brewing
Lakey Foundry &
Feb
44
Mar
103
58 Ma Mar
Grand Rapids Varnish
Gray .Mfg
/.7 35
mi
.
8%
69
Jan
•
30,500
3M»
243/4
Mar
.
65
50
-
50% .50 Me
•
i
Wi
■'"■-
4.100
14,100
Jan
7%
8%
18% Mar:
2.700
2%
,
79 7•
24%
*7.
Jan
25% Feb.
6% Jan
^
400
736%
2%
—1
V19
75
104 % 104 Me
jfc $3 preferred
Mfg
1,700-
67.
35
Goodman Mfg Co
Gorham Inc class A
6,400
7%
,
67
;
Consolidated
Gorham
7%
.
prior preferred
Goldfield
8%
10%
Jan
89
Jan
Jan. i
Jani
.
;
43 Ma
21% Jan
1,400
21 Me
719%
Inc common
Sugars class A—
'
24
23
Corp
Coal
Gobel (Adolf)
7%
10
Jan
>6
TJan
777:; 700
10%
^
Lamson
Harvester
20%
Klein
; Jan
86
Feb
193/4
19%
8
1
—1
Kobacker Stores new common
;
.30
•
Gladding McBean & Co.
■Gleaner
20
29%
114%
Jan
20
Feb
Jan
-.
Jan
76
Knott Corp common
4Mb Mar
7 22%
Jan
9%
15 Vi
Jan
iii%
1.500
87
87
¥
Jan
6%
■
•+
93/B
125
,Jan
..
106 Ma
„
Co.
—
Ltd.
7f
110
1,300
106
common—
-100
100
100
(D Emil) Co commo
Kleinert (I B) Rubber Go—
200
25%
10% Mar
•,
1
Kirkland Lake G M Co
16% Jan
7
y 4% ,• 5%
com
.
Petroleum
Kliby
7.
Jan
.,
Feb
Feb
23 %
Feb
450
27%
26%
27%
Co
7 Me Mar
1,900
,
Mar
■t?% ~8
—
&
Kimberly-Clark Corp-*
4 Ma %
preferred
Kings Co Lighting 7% pfd B
5% preferred D
King Seeley Corp
Kingston Products——
Feb
29 %
Feb
11 Ma
12 Mb
Jan,
;
7 Me
,7%
•
Geoifia Power $6 preferred—
$5
preferred
Gilchrist
106
13%
j
86 convertible preferred
(A C)
7-7 Preferred
Jan
27
Shareholdings Corp
Gilbert
Feb
53
.General Rayon
General
pfd
18%
600
*
Outdoor Adv 6%
Jan
250
26% '29%
•
common
General
Jan
125/s
2,400.
10% .10%
ij. Warrants
:
General Fireproofing
Jan
9 Me
8
General Finance Corp common.
.
14%
Feb
9% Mar
13
e
7 Me
17M4
l
:.
Jan
7 19
————•
Key Co common
Kidde (Walter)
99 Va Mar
Jan
'
Gellman Mfg Co common
General Alloys Co
Gen Electric Co Ltd^;
;•
H Amer dep rets ord reg_
Jan
18%
500
;.720%
__
Ken-Rad Tube & Lamp
Mar
17v;
Inc
Kennedy's
15% Mar
Jan
/Jan
/
•
:
123
121%
7% preferred—JLOO
Kansas Gas ft Kleo
Jan
393/4
4% Mar
24%
Jan
73
Jan
6
36%
105
Feb
Jan
Jan
Feb
Jan
Feb
Feb
Jan
11%
Jan
105% Mar
107%
Feb
8%
THE COMMERCIAL & FINANCIAL CHRONICLE
1596
Monday, March 25, 1946
i.-
NEW YORK CURB
RANGE
STOCKS
Last
Exchaag*
Curb
New 'Pork
Week's
Friday
Low
32
ZZi
•! Molybuenum Corp
;
Loa n Society A
Monroe
..1
L-
\ Monogram Pictures common
-10c
8%
? Jan
20%
Feb
Jan
10%
Jan
Polans Mining Co..———
Jan
6
Feb
Powdrell
Jan
Power Corp of Canada
;;11%
Jan
197,
Jan
$200
<
■
20%
50
9%
Low
7%
•"
> 46
900
X204% Mar
Jan
23%
Mar
8 ■>
14
v
.> 50
Feb
6
i*
preferred
1st
\ Mountain City Copper common.....
i Mountain
Producers
'Mountain
4%
.
Tel..
100
—
—
\ 5,500
9%
I.
r.
.5%
A Muskegon
Piston Ring...
'Muskogee Co common.
;
144 %
20%
1,200
:Z,: 15%
15%
200
N
'-14%
Feb
{National
Breweries common.,
preferred
National City Lines
>*•. w
Mar
Providence
Gas
23% Jan
19,600
41 *
-i"5% 'Jan
l°y
41
Mar
>
■
12
44
27
%
-
-10%
35
% Mar
*
:
' 550
V Jan
15,300
Jan
Jan
Feb
.
14%
Feb
53
20
16
15 7A
2%
1
,2%
3.:
13 %
14%
'-9%
9%
9%
;
.»
2%
Jan
Feb
2%
Jan
3% Feb
85%* Mar
600
20%
36,000
700
"200
9% Mar
3
13% Mar
V
Jan
Feb
„
167/a
Feb
10% Jan
.
106% 107%
—100
100
6% 1st preferred
7* 1st preferred...
Paget Sound Power ft Light—
J.
$5 prior preferred
Paget Sound Pulp ft Timber.
.i
Jan
■'.;43
-
>
Jan
Public Service of Colorado—
40
106%
Jan
108%
112% 113
112%
20
111%
Feb
113% Mar
109% 109%
109%
23%
XI
18
15%
is
'
23%
18
i5%
'
Pyreno Manufacturing
28% Jan
'"7 7Feb
;
■:
2^r
85%
i6V:{
America.
Prosperity Co class B
Jan
17
of
Metals
50
85%
14%
Pressed
108;
V 300
110%
Jan
25%
18
Mar
23
15% Jan
■:
25
Mar
23
300
18
Jan
-!'i
Jan
Feb
Feb
;
Jan
Ayiv"■'.
MM
Feb'
rtuober
National
Steel
National
24%
26%
6,400
21'%' Jan
28%
Jaii
.' 15%
15%
3,700
14%
Jan
17%
Jan
18
Feb
24 V*
Jan
■
■
15%
—
.1
•
•
l ransit
22%
.12.50
Nanouaj
7';
2004
.
22 »A
50 4
-.2%
Pyle-National Co common
T-: 6%
41
Mm
24%
common
Fuel Gas
National Mfg & Stores common
!;
25
21^ Mar-
.7% Mar
*
900
7%
National
■
*6%
Bellas Hess common
National
-f'i
24%
'5%
—
2,400
,,
6%- Jan
v'
'
■-
Producers Corp of Nevada
'
i NacUman Corp
8%
34%
48%
,49%
Feb
-Z.1-
.v-iu
,-
-7%
.\;.2iV.
Feb
20% Mar
>
Low
4,400 :
Vt 25i
13% -13% y.:
common.
Jan
28 %
Feb
21
33%
i
34
Mining..
Inc
153
25% Mar
18
Premier Gold
5%
Jan
700
26
21;
•
8%
25c
B
Pratt & Lambert Co..
*
Jan
32
-
-21 a
Range Since January 1
High
7%r- 8% i:
•
——-—-*
——^
—100
10%
Jan
18%
19%
—
Jan
28 %
10
Shares
Feb
Jan
.
10%
.
8% Mar
50
20
;
25%
Murray Ohio Mfg Co..—
4
1,200
30%
151% 153
:
A
—
;
4%
9
30%
L
•V
4%
9%
PoweT common*-.
States
Mountain States Tel &
'
.
8%a
Alexander..
St
Prentice-Hall
Morris
•f Prices
t
Jan
Sales
Range / for Week
Sale Price
4
50
46%
.46%
.
f
9
;
*
:•
22%
22V*
46%
—
15
Week's
Friday
Exchange
Pleasant Valley Wine
Pneumatic Scale common^
32%
•
'i 1,700
201% 201%
■
Jan
8,900
12%
High
20
.1,400
;
WM 5
12% :-v: i2%
«
investors parttc pld
Plan Corp of America
Moody
9%
5%
8%
- ;■
• v
Ward
Montreal Light Heat St Power—
Montgomery
!
5
Dakota Utilities new con). —5
Montana
v
9 Vs
!
—1
—
Lota
r
';■■■'■• 650
\ ■"'1,500
"
Curb
Range Slnoe January 1
•
18
23
New York
Shares
32
Vl7:1 :' ^""-16%
MARCH
8TOCK8
High
; % •; 31%
ENDING
for Week
Range
Par
'Missouri Public Service-common—
WEEK
Sales >
of Prices
Bale Price
FOR
EXCHANGE
13%
Machinery
Car Ltd
16
22%
12,000
National Tunnel & Mines common
National
Radio
Union
1
13%.
13%
3%
30«
—
14% Feb
22 %
1,000
"
12%
3% v
3%
13
3,900
.
12%
11%
.
.
•
Jan
26
15%
Mar
7%
6%
Co.
Power
Jan
4%
Feb
14 ,-
Jan
preferred—
Quebeo
Feb
3% Feb
13,100
Quaker Oats commox
22% Mar
Feb
■
/
Nebraska Power If*
;V"
Nelson
.Herman) Corp
Neptune Meter class A
>
Nestle
Mur Co
Le
preferred
100
8
108% Jan
19
*
4
class A
Vy:
'•
v
11%
100
.
f?
preierred
$2
England Tel ft Tel
New;
Haven
New
Idea
Clock
—100
Inc common
Y "Auction
n
Y
N
:u
Y
N
29%
St
29%
Honduras Rosar*o.
:
preferred
11%
24- {
25
400
18%
Mines
Jan
119
108
Amer
Nortn
6%
B
Rayon class A
American
Northern
Central
North
Texas Oil
8,900
18%
300
3%
4%
3,700
277/8
29%
4,300
11%
ll'/a
14,200
3%
28
1
11% :
147% 150
—
'50%
11
13
27
Jan
100
Mar
35
Jan
49%
Feb
54%
6% Jan
108%
Jan
110
20
45%
Jan
56
Northrop Aircraft Inc
Novadel-Agene Corp
45
Jan
*
2%
•
Brass Co
:
25%
6% Feb,
11% Jan
Ohio
{
€7
Feb
: ,10%
Feb
14% Mar
34
Feb
39
Jan
*
80
8%
30%
8
29
8
Oil
Dome
10%
>9%
7%
1%
United Corp
Savoy
Oil
new
Bcovill
!7%
37
8
—
—28
$6
8%
6.900
9
1.000
37%
:
39
Oliver United Filters B
Omar
Feb
116%
110%
42
\
f
.
18%
$5.50 prior stock
Allotment certificates.—...
;;
(R
Bemler
B)
,,
Sentry
6%
7%
,11.400
Seton Leather common.
Pacific
Co
Can
Shattuck
common.
12%
Pacific
Power
Pacific
St Light
Public
$1.30
1st
7%
42
40%
40%
{
U3ya
Jan
11%
Motors
26%
y
common"
v
27
Peninsular
$1.40
,;
V J
A—-aAJMills.
Telephone
preferred
9n"r
^as St Elec
Power
reuu
por"
Water
Pepperell
Penect
&
class
A
&
13.600
8
460
15
75
275
6%
49%
■r
200
b'/2
250
8%
IZII20
76
80'A
53%
55
PhUa Electric Power 6%
Packing
Governor
8%
6 %
*?7%
1.700
76
450
49 y8
1.900
Mar
Jan
16% Jan
8
10%
7 % Mar
22%
.19%
112% 112%
Jan
24% Mar
Jan
130
138%
Jan
Febi
151
112% Mar
Feb
Feb
Solar
Aircraft
Manufacturing
Corp
City Gas &
3.90%
47%
Feb!
200
14%
Jan
28%
17%
2y-
bUO
28%
(Howardi
$ 27%
Jan
41
Mar-
23%
Feb
Solar
Jan
Jan
27-
19%
•
1,300
900
15%
Boss
6
10%
;
50
33%
—5
—
~6%
5.800
11%
8.100
13
...
.900
Coast
Oil
preferred B_.
5%% preferred series C.ij*T
50'a.- Jan
Southern
Jan
Pipe
Southland
Spencer Shoe
Jan
15%
Feb
14%
Jan
6% Mar
<
47
•
Jan
Standard
Co
Line
Royalty
Stahl-Meyer
Jan
Mar
Phosphate
19'A Mar
Feb
108
;i: Feb
26% Mar
.*
Jan
15 %
Jan
7%
Feb
14%
>
28
—10
MY*
Co
Corp
Inc
Brewing Co
Standard Cap -ft :Seal; common
Convertible preferred
ti.Btandard Dredging Corp common
,
73%
74%
830
72% Mar
78%
Feb
<cS'rt$I.60
1318
14%
750
13% Mar
15%
Feb
({Standard
7%
—
Mar
Jan
60
30%
200
12%
12%
10
10%
15
10
8
•
*
2.78
Jan
.Mar
:44
200
30%
151 % 152
—10
Jan
43
7
Mar
Jan
51
Jan
Feb
.
30%
30%
'
10'A
62
31%
30% Mar
29% Mar
,
32% Feb
31%
152
Jan
Mar
"40
150
Jan
1,100
11
Feb
14%
Jan
9% Mar
137/8
Feb
200
15%
300
14%
Feb
18%
9%
10%
1,200
9%
Feb
12
Jan
11%
12%
600
7%
Jan
16
Feb
.
Jan
3%
Feb
38%
42%
6,400
34%
Feb
43%
Jan
39
43%
4,600
35%
Feb
44 %
Jan
7%
4,100
2%
•
10
.
27%
1,500
25/8 Mar
127%
257/s
28%
5,300
Jan
8%
Feb
24%
7,y
convertible
Oil
..,
55% Mar
1,300
fris
X4^% 5O£
_
1
preferred.——2u
(KyU
4*
10
.JL2
500
8%
62■
-en
28
25
25
*_1
2,300
•
England Telephone—100
New
Southern
30'A
7%
Pipe
6%
2l%r-;Jan
20% Jan
5%
-Aw*
Line—t,i
Southern California' Edison+t^>:
6% original preferred—
62 h;,Jan
32%
Pa
13%
'12%
Corp common—
Penn
Southwest
12% Mar
44
-
1
1
Manufacturing common
South
>-•9%;: Feb
Feb
,^7%-Jan
■
Jan
Jan.
5
28,500
*
South
:';86%> Jan
Mar
Feb
Jan
"
'
■
10
a
Feb
11%
2,200
1.
Co.—
54% 1 Jan
-
Mar
17%
27,100
J
Sonotone
115(Wb Jan
16% Mar
23
Mills.
7
Jan
48
374
Jan
Mar
106
_
Jan
Jan
Paper
Mar'
.
100
*
Co
y: 9'uiirJan
Feb
•
Elec Co— ;
preferred...
84r-
4
6%
315
.
Sioux
V;
9
-.?.,'
47%
preferred...——•
Jan
29
Jarij,,',:.
16%
~
7%
21%
132
•*
12% Jan
Mar
J&n
21%
>4
Mar^i
15%
6%
com
5%
Jan
,14% Mar
19
65
v
JkW»>
1.500
11%
1598.
Jan
3% Mar
38
51%
Feh
19%
P tts
new
8%
10
*
34
Marl ';
16%
...12%
page
29 yi Jan
11% Feb
'
convertible
$3
...
Pitney-Bowes Inc
Bess St L E RR
1
-'burgh & Lake Erie
Pittsburgh Metallurgical
22% Mar
Simplicity Pattern common—
1
Singer Manufacturing Co.
100
Singer Manufacturing Co Ltd—
1%.
Amer dep rets ord regis.....——1
Jan
it Jan
'.£; -SO-
113% itttiLv'
V.24%
I
I
Co
common...
see
20
*
Jan
28%
pfd
Johnson Ltd Am Shs
Pioneer Gold Mines Ltd
Piper Aircraft Corp com
footnotes
'
13
\
Jan
16%
-
Pinchin
For
I
Mar
19%
common
108% Mar
Ltd
Breweries
Co
Southern
Pharis Tire St Rubber...
P"»rce
v
Feb.
74% Mar
49.-
100
114% 114%
•
Pnillips
.
Jan
Jan
8%
49
.
Co
Philadelphia Co
Feb
103
Jan
Simmons-Boardman Publications—
Jan
Jan
48%
74%
pfdl*
pfd_. ...100
common.
Feb
Jan
common—
Jan
14
28".
;
Power Co J
new
35%
25.', Mar
Feb
98
Jan
Silex
28%
Jan
17%
8
—2.3G
Mfg Co
Circle
7%
Jan
Slck's
27%
10%
16%
■
com
Light 4%%
Feb
Jan
25%
Feb
Jan
45
S
25
Traffic Co
22
28
110%
Jan
Smith
common..
A
Pennsylvania Edison Co $5 series
$2.80 series preferred
v
Jan
•
Canada
of
Jan
Jan
7
•
Jan
100
100-
preferred
4%
'& Sherwin-Williams
14%
-J Jan
61%
->road Corp common
Penn-Dixie Cement warrants
Penn
Mar
257%
Feb
3%
—.25
117%
;,
39% 'Feb V:
"V> 24
Mar *: ;
Reel
gt
Plymouth
,;.,
Feb
108
y
9% Mar
.
Rig
.'.fsourg
Patchogue
Corp
new
Jan
common
Jan
9%
-
American Airways
warrants..
Pantepec Oil of Venezuela Am shsl
mount
41%
Jan
115%
Pan
Parker Pen Co
38% Jan
Bherwin'Williams
Mar
21
Feb
15
1
-*
Shawinignn Water & Power
44% Mar
Jan
180
;; 5% Mar
*
Mining
Denn
8.300
1
—
14% Feb
r
Jan
114
3
new
Mar
,
105%
HZ—
preferred
Page-Hersey Tubes
12
44%
106% 108 ,'rl
pfd
Service
12%
43%
"
"5%
"5%
—1
1
Berrick Corp class B
Pacific Gas St Elec 6% 1st
pfd
5% %
1st preferred
Pacific Lighting $5 preferred
1%
Feb
Mar
>
Jan
21%
6%.
6%
1-j
Control.
Saiety
46%
115
Jan
Jan
17% Feb
——
Inc...
Sentinel Radio Corp common
Jan
Jan
9%
Jan
163
200
1
8
25
Convertible stock
Jan
${14 :■ Mar
512% Jan
1
Securltl—
Feb
Jan
Jan
4%
37% Mar
25% Mar
beiby Shoe Co
i—
Selected Industries Inc common
•
Inc
Overseas
Selberling Rubber new
Jan
10%
38% Mar
common^iU.l:.
Jan
34%
Mar
Mar
-
-1
Hardware
Lock &
Feb
113
''m"~
Jan
9 V2
6%
730
18%
18%
12 % Mar
7% Mar
8
6.800
>176% 179
18%
33 %
Feb
3% Mar
"1.300
43-
.
33
7% >8% H 14.300
''f
177-
9%
2.300
3%
pfd
114%
15
Jan
Feb
26
,
22.600
33%
42%
•
Scranton Spring Brook Water Service—
yft $6 preferred
—
Bcullin Steel Co common
•
Securities Corp General
1
Seeman Bros Inc
*
Elec
10%
3%
■
3%:
common^...-.^.L..l
Manufacturing
Scranton
'
—..—*
common.
(D A>
.ttcnutte
•
1
8
common
Co
Co
1C0
1st pfd
common
Feb
*
9% Mar
VA Feb
8.200
2,950
9
31
81B
1
Co
•
1st preferred
8
Feb
100
Public Service
6%
Jan
Mar
10%
-
3%
Oklahoma Natural Gas
Jan
40
100
common
preferred
Jan
Mar
34
lac
Regis Paper common
Samson
Jan
{Mar
•
class B
Feb
24
Segal
Ohio Power 4%%
4% Jan
1097/e Mar
20% Jan
—£1
—8
—.—
Ohio
Jan
Jan
-16...
109% 109%
Petroleum
Salt
;Feb
l
Ogoen Corp common.
Feb
19%
St
Feb
Jan^vA 105%
i-
Jan
:5
\ 2l% Jan
'104
25
4%
'13%
105%
,
0t Lawrence Corb Ltd
i
Class A $2 conv prel...
Feb
100
pfd
Power class A_
Field
Schiff
■■
{
Aeronautical Co
Consolidated Petrolei
Ryerson * Haynes common
Feb
10
;
;
Jan
49
Feb
Ryan
12% Feb
„•8
Jan
17% Mar
Jan
34% Jan
Jan
Ryan
.
Feb
54
;
Jan
37 y2
Mar.
55
Feb
52
Jan
'28%,
Jan
150
,
-1
Feb
Jan
8
12% Mar
Feb
49%
Feb.
5% Feb
7% Jan
134
•*''■58
Mar
Russeks Filth Ave
Feb
20 % Jan
■J
Jan
'40
Rotary Electric Steel Co—
Royalite Oil Co Lta
Feb
>26%
V
25%
34
pfd F....100
Cable Corp common
Art Metal Works..
Root
Feb
3%
Mar
3%
1
1-*"'*:'. sfl
Jan
Jan.,,
17
-175
50%
12% Feb
123%
V
Ronson
Roosevelt
116 i ? Jan
,
17% Mar
5
Indiana Pub Serv Sf*
Northern Natural Gas
States
700
18%,
17
''-At
Penn RR Co —■...
ieru
11%,
17%
Jan
Jan
Feb
3Vi Mar
dep rets for ord reg
Rome
Jan
1%
•
Airlines
Northern
Nor
2,400
Am
Jan
;
Feb
V'.:34- Feb
Mar
19%
—1
Pendleton Inc
Roeser ft
55 '• 'i
'
4%
Feb
Rolls Royce Ltd—
Feb':
26
95
110% Mar
50
*'<>. '•
.
2%
■:
-
30
Valley Gas Co t t
Rochester Gas & Elec 4%
Jant:
111
8%
20
2%
•
Utility Securities
Rio Grande
; Feb
Mar
.■117
1,750
•
common
Northeast
.V
common
prior preferred
North
;U
11%
•
American
Class
64%
x35
83% Mar
36,400
11%
121
108
120
—
1
Light & Power
20
>
88
18 %
B
Electric
preferred
Richfield Oil Corp. warrants
Richmond
Radiator
18% Mar;
$36
Jan
'24 $
:
2% Mar
30%
-
S
—•
Rice Stix Dry Goods
Mar
11% Jan
Feb
Jan
110% 110%
•
$6
I
9%. Jan
Mar
10%
119%
]
North
60
19% Feb
■
,
•
Co
Reliance Electric ft Engineering
10% Mar
•
Feb
53
5
com
Niles-Bement-Pond
Nipissing
Feb
7% Jan
„
Reed Roller Bit
Jan
81%
28
2%
Nineteen Hundred Corp B
Noma
30,600
32
50
83%
B
Niagara
Feb
Jan
100
108
luu
optional warrants
Share Corp class B
Jan
49 %
29% Mar
33
100
Niagara Hudson Power common-.:----1
5'/o 1st preferred....
100
Class
34% Mar'
133%
72
700
*'
*u
Railway ft Light Securities
;
V
Voting common
10
Railway & Utility Investment A....
1
Rath Packing Co. common..
-10
Raymond Concrete Pile common....—,*
j
J3 convertible preferred
—•
Raytheon Manufacturing common__50o
i:
100% Mar
Mar
33
.
pld.100
pfd
Feb
M
1
Y
-,'i-
100
54% >54%,';
10
i-,..
Y State Electric St Gas $5.10
a
36
17%
10
Merchandise
Feb
126 % Mar
1,900.
11
Jan
27% Mary
110
600
10%
.10%
N
11
84%
;
~
N
j
Jan
24%
Mar
54%
Shipbuilding Corp—
Pounders shares
6%
12%
10
200
75%
common
Water Service
Jan
6,925
44
% .8%
Y
■j
19
Radlo-Kelth-Orpheum option warrant*.
Jan
~
City Omnibus warrants
Y
N
Co
>.
x34 %
.34
jNew Mexico & Arizona Land.
•■.'• In
32
36
New Process Co common
Feb
22
1,900
126% 128
Co
.New Jersey Zinc..
>
U%
94% 100%
—
*
New
112
18% Mar
-'—L Z.
'
England Power Associates
6%
preferred
v
18 % Mar
12%
'
18%
300
100
19%
'
New
,
'
18%
Jan
■>. 27%
Feb
24%
Feb
6
28% Mar
■
1597
I
EXCHANGE
NEW YORK CURB
!
Week's
Range
fsr Week
Sale Price
of Prices
Shares
>"•'•>•{"'*Low
W5% -£V
class B—
Common
5%
3%
19,800
3%
600
>y
19,400
1%
1,100
Corp...
44%
18
8%
1,300
Assoc T & T deb 5%* A
.1955
M-S
105%
104% 105%
Jan
Atlantic
.1964
U-S
5,500
7
12%
19%
3%
76
Feb
50
Mar
1st
v
iv
Jan.
.5s
38
108
$107% 108
V
series B.
series
.1957
—
v.)
2%s
108%
117%
119%
113
40
105
115;%
108%
4
107% 108 %
M-N
114
114
110%
109%
33
117% 119%
J-D
1948
6%s
Edison
f
r
1
2
117%
A-O
.1970
.1B60
Boston
109% 110%
J-D
.1962
C
Bickford's Inc
Jan
f
V
Feb
10
8%
Jan
J-J
107
100
108
8034
108
14%
Jan
1954
M-S
108%
101
109%
25
Feb
§AChicago Rys 5s ctfs (part pald)_1927
M-Q
67%
Jan
Cities
v
2"% Mar
32
lACentral States Electric 5s
A5%S
;
82
109%
68
67%
66%
:
106%
73
1960
M-a
105% 106
104 34
deb
5s
1950
F-A
104
103% 104 %
103%
104%
5s
1958
A-O
105%
105
104 %
!•; Debenture
3%
44
Jan
•
x38 y Mar
2,000
;i
28
850
38
35
105%
Debenture
38%
/
■
■
5s
1969
A-O
106%
106
105%
106%
106 %
105%
lt)9%
Service
Conv
Jan
106
,106%
El Lt
Gas
to Px
(Bait)—
1971
105% 105%
ref mtge 3s ser P
:
.—1969
1st ref mtge 2%g ser Q
1976
Consolidated Gas (Bait City)—
-107% 107%
series
3%s
1,000
'r
25
Oil "coipZIIZIZIZIZ
Jan
5s
Jan
Consol
Inc—
Portland Cement,
103%
•7'
111%
18 Va Mar
7 00
39,r;
•
M 5s
30% Mar
\•;■'
—
105%
Jan
1,100
3%
City Elec 3%s
124
101 %
11% Mar
3,500
1,150
37%
...
Telephone of Canada—
30%
7% Mar
7%.
19
Ray Drug Co..
Swan*Finch
Feb
:.V
V
24 v.
3,000
12%
Corp
Superior
4*4
,
Jan
2,500
28 V*
: 7!4
123
89
103 % 104%
$123% 123%
14% Feb
Jan
29
30%
7%
i—
,
Sun
400
47
Btroock (S) to Co commonSunbeam
%
.
Jan
29
Corp..—
(Hugo)
103
•
26%
Sterling Aluminum Products
Sterling Brewers Inc....
Sterling Engine Co
Sterling Inc.
Stetson (J B) Co common
Stlnnes
j-j
109 %
107%
A-O
.1953
4%s_
High
104%
~8
111% 111%
J-J
.2024
Bell
72%
(A) to Co common—
Sterchl Bros Stores common.
111%
.1970
Appalachian Pow deb 6s
Associated
Elec
Low
101 v8
-
__
Jan
7%-Jan
Steel Co of Canada
Stein
$102%
J-D
Jan
.
6%. Jan
...
4,100
—
.1961
Jan
23%
Jan
class B
Tube
Starrett (The)
Writing Paper 6s
Appalachian Eleo Pow 3%s_.
Range Since
January 1 !1 '
Sold
No.
High
97/e
Feb
—
Standard Silver Lead
Standard
18%
:
,
Amer
Bonds
Friday's
Low
7
Feb
300
;
Jan
or
Bid & Asked
160
Jan
138
Preferred
Standard Products Co
6%
Jan
Last
Sale Price
Per
I
High
,.
Week's Range
Friday
Exchange
Range Since January 1
Low
5%
Curb
Interest
Period
York
New
High.1
5 Va
\ii5%
Standard Power to Light
ENDING MARCH 22
Sales
Last
y
Curb Exchange
WEEK
FOR
BONDS
Friday
STOCKS
York
New
RANGE
N—
Gen mtge
4%s
107%
110::
105
108%
$121
1954
u
; in
$107% 108 %
1st
120%
126
123
i
Delaware Lackawanna to Western RR—
of N J Division—
Lackawanna
- 1
——•
Taggart Corp
Tampa Electric Co common
Technicolor Inc
$1'
Texas Power to Light 7%
Textron Inc
50o
.
9
1
1
Co fommOTir
Roofing Inc
Tishman
Realty to Construction
to
Tobacco
Product
dep rets ord regis—
dep recs def reg
Amer
Todd
——
Illinois
Tonopah Mining of Nevada
Trans Lux Corp
Transwestern Oil Co
Trl-Continental
-
•
'
108% 108%
107%
108%
104%
105%
1953
$101%
101%
102%
1958
$72 Va
A 7s
>.71
75
:
;V" 105
106
:
75
105
1
106%
102%
106
103 s b 103%
•
106%
103 y4103%
.
103 V*
$105
$105
49 Va
50
50%
■■;'■ 65
J
48
59%
46%
65
60
48
63
47
60
J
—
F—
(July 1941 coupon)—
'
Manufacturing Co—
Interstate
Debenture
*"97
6s_
$43
Superpower .68—
Altallan
100%
97%
52 :
;
102%
95%
101% 102%
5s
Power
•
of Canada
Union Investment Co.
Gas
Union
,
Corp
Realization
Unexcelled
V
;
•48
coupon)
1941
(Aug
48
46%
E
series
A 7s
./
-v.
48
48
1941 coup)
1
■*.
107% 107%
$107% 109
C——
;
103%
105%
105
106
■>'
(Dec
series
A7s
?■'
Udyllte Corp.
—
105
A-O
A-O
5s
series
A6VaS
60%
60%
_.
Co—
Service
A6Mts
,r
104%'iof I;'
$104% 105%
ref 5Vas series B
A 7s
Ulen
$60%
>
Indianapolis P & L 3%s—,
I International Power Sec—
Tung-Sol Lamp Works
80c convertible preferred—
9?|l
■
1st lien to ref
warrants,
Inc———
Trunz
Power
1st &
Indiana
84
80
1963
A£u.-——.Jan 1949:;
—Jftn 1949 -
Hygrade Pood 6s ser
; 6a series
Shipyards Corp
Edison 6% preferred—
preferred
129
190
;
1950
3%
Grocery Store Prod 6s
Guantanamo to West 6s
•
Toledo
7%
49 %
107::
104% 105
1948
West 4s
Green Mountain Pow
.
—
Rayon Co 6s ser A
Grand Trunk
Tobacco Security Trust Co Ltd—
Amer
39%
105%
V
—1969
3%S A-
Power
A General
—•
Exports;
1961
6s stamped——k
:f-*u4^ v?-/y.-.s'.'Hr'O-i'
Gatineau
•
Allied Stocks
Tobacco
46%
•
Residential Mtge Bank—
Finland
-
Shovel
Thew
Tilo
81%
77
46
128
1965
Elmlra Water Lt to RR. 5s——1956
Eastern Gas to Fuel 3%S
IOO
2
pfd
Texon Oil A Land Co
1993
ser B
72
76%
106% 106%
1993
•
•
common
1st mtge 4s ser A
-vy 1st mtge 4s
;
"S8%
>
55%
51
Yds of
Union Stk
Products-
United
Aircraft
United
Chemicals common.
United
corp
106% 107
8
106% 106%
warrants.
participating preferred-
r
8
Graphite
$5 1st
S
2% Mar
300
80%
82%
2,175
78%
47%
19%
001 to
1
V>'
47 %
20
46%
Jan
"200
18%
Feb
V,
"
20V4
18%
2.600
15%
16
350
5%
6
3.100
X21%
90
90
91%
375
common—4
14%
14%
3.600
12% Feb
5
6
5
400
4% Feb
6%
6
6%'
2,500
6
7.500
Y
10%',
22
25%
26
17i
24 %
Jan
Universal Products Co.
40%
43%
350
36
Jan
5%
6.000
.5% Jan
6.200
21
100
4
Jan
100
Jan
Oil
5%
Hugar
Utah Power to Light
5%
.
■•
24% V:
23
24
common—
•
Utility Equities common
4%>
4%
yyyy:
—
...
'
—
1954
3%s
Westchester Ltg 4s
&
1st
Ohio
Public Service
Pacific
&
Power
Park Lexington
1st
convertlole
Vogt
1962
4s
Light
1955
5s
1st mtge 3s—
5s—
Elec Power 5%s
Portland Gas to Coke Co—»
stamped extended
Power Corp (Can) 4%s B
y'-'
•
1st
•
800
Wagner Baking voting trust ctfs ext..*
2,200
7%
Co
Wayne
8%
10%
5%
6%
9
54%
1.28
9%
55%
9%
:
Mills
Manufacturing
West Texas Utilities
,a_.
$6 preferred
5
Maryland Ry 1%
Western
100
1st pfd
Stationery com
Western Tablet to
Westmoreland
r
7 '
i
.
V 'v'\
'•V'iv-S
Inc.
—.20
140
37.
42' v
'22%
k,
5%
2,500
900
fV:i20*
Jan
of
Service
5,600
series
140
20
v35f;r 37
300
140
?
41
.
San Joaquin
140
Feb
33%
3
•
6s
.1970
Feb
Southern
California
37
Jan
Southern
Counties
Jan
42%
24%
Feb
16%
Feb
19
Feb
100
39% Jan
55
29
Jan
49
■
*
1st
Mar
(R
C)
to
Products
21%
Winnipeg Elec common B.
Wolverine
Portland
Cement
Woodall Industries Inc
Woodley Petroleum
Woolworth (F W) Ltd
American
6%
deposit
14%
For
"fl
reres vpn
21%
300
20
Feb
22%
375
18
Jan
31
...
j
;
1,000
_
13%
1,000
11%
11
11%
400
page
1598.
15,500
Jan
Debenture
.1965
Electric—
—May 1948
May 1948
1951
.—.Deo 1 1966
6s
6s
11%
Jan
Debenture
17%
Jan
6s
"14%
Jan
10%
■
T
Feb
*'■ •'}i i
7
5%
16%
4%
•
Feb
Jan
gold
17% Mar
-
.7-,^Feb
Light
6% .Feb
Power- to
AStarrett
Corp Inc 5s
Stinnes
.1957
debentures
Standard
.
Jan
.
■
A-O
V
M-S
■7
y
6s
1957
—1950
(Hugo* Corp—
A7-4s 3d
stamped
1946
■-2,.
•
•'■
•
'•
106
yy 121
113
101
V
>103
106%
106'
„
"
172
105%
107
v
104%
T4
121
104
167
5
ZZ'
107 Va
101%
11
-.
108%
■
171%
106
.
■'
108
105%
106% 106%
zy
;
107%
8
«»<»
87 :
105 Vs
106
106%
$102% 103
171
'
105 Va
7
;
mm
*•<
108
•iv
>107% 107%;
106
v,.'
107%
V
$107%
—
,
104%
104
$101
102
$105% 106
l;t
111%
121
126
103
103
$103 •
—
W-' yZi:Z+J :y
yy :i ■&:, #'•' 99% 101%
101% 101%
,
r.Z^y:,y-k»*if-y.:,
33 ;>
107
108%
>,2107% 107%
m*m-y-:y
18
114%
107% 107%
114 Va 114% v-il Xi:
105
102%
105
'
108
105
;
102% 102%
31
/
108%
114V8
108 V»
108%
104
22
•1
108% 108%
105%
105
£
A-O
.1989
5s—^
stamped
6s
Jan
8%
r
4%
to
(stamped!
Conv
14% Mar
15%
£1
footnotes see
12% Mar
100
14%
81
*
6s
G»
'
—
Ltd
Gas
Feb
10
receipts
(A
Jan
29%
14%
10
14%
—n„
preference
WflVh'
21
12%
:■
81;
3
106% 106%
:./•
—1971
mtge 3s...
Standard
3
"
*$105%
y
Jan
28%
Co..
Inc
3s.
3%s.
(Calif)
—1994
Southern Indiana Ry 2%s
-_-*197Q
Southwestern Gas to Elec 3%S—':
Spalding
Williams
Gas
87
■»■•";
.1951
Gas
Estate
155
40
-
j-j
J-D
3s.
Edison
22% Mar
m<m
•
107%
y m-Q
California
150
13
itlftit!
J-J
.1952
ASchulte
150
104% 105
86
J-D
.1979
Southern
225
•
■
106%
104% 106%
104%
105% 105%
M-^JH
J-D
Feb
18%
42%
42
107%
104%
105
A-O
16% Feb
Feb :
•
v108
106 I
U-N
M-Q
107
105
M-N
Lt to Pwr 63 3-
Real
103%
10
46V*
7
J-J
■
.1951
114
12% Mar
101 %
14
;:::>;J -DyZ
Safe Harbor Water 4%s
23 %
;
22%
River Oil Corp.
WiJlson
4 F-A
1952
10% Jan
3
'*
A
61% Feb
107 %
107% 108
$107% 110
New Jersey—
Jan
105%
106%
105
F-A
.
J-D
8% Jan
112% Mar
v
A-O
Jan
5%s
105
103 Va
5
£ 36
;V*i
■
A-O
certificates
perpetual
102%
118 '
461/*
-!:'V
Queens Borough Gas A Electric—
Feb
7
-
Feb
49
-
39
114
Feb
30 >
112% Mar
>400
13%
12%
18%
(Wm & Co
Whitman
2,000
•
Scullln Steel Inc mtge
131%
Wpvenberg 8hoe Mfg.
Wichita
";
Vy.' V.c-;
mtge 3%s.
6#
Jan
114
Jan
%
Colorado—
..Sinking fund deb 4s—
Public
Feb
23% Mar
Coal
Westmoreland
♦
36
112% 112%
•
to Coke.—
Coal
Va
West
33%
Co warrants.
Knitting
wrp-ttwnrth
1
'
350
•
—•
claw A
Class B
Ward Baking
19 Va
114
100
preferred
Waltt to Bond
6% Jan
101%
107
107
'
-t'.-y
1950
1959
58
<
Public Service Co of
Aircraft
•y -v
1972
^
Waco
1964
1977
—1979
Philadelphia
Manufacturing.
99
'
'
—
Petroleum.
Venezuelan
M
Pennsylvania Water to Power 3 %s_1964
3%a
1970
preferred.
103
101%, 103
M-H
3%s—,.——1968
1971
3s
mtge
Penn Central Lt to Pwr 4%s
<4
?
101%
98%
107% 108%
—
103% 104
103%
mmwZ
1964
2004
:
Ohio Power 1st mtge
common.
y:
98%
vv
102% 103
A-O
Assn 5s—.1948
A5%s series A (part paid)—1948
y
105
100'4 101 %
Feb
Universal Consolidated
10%
105
•
100%
$107%
3%s.
North Continental Utility Corp—
Feb
Universal Insurance
United Wallpaper. Inc.
*108
100 %
—
Power
N Y State Elec to Gas
N
Jan
10%
5s
New England Power
Debenture 5%s
Feb
9
deb
England
New
89% Jan
13
115
'
Conv
Mar
15
'
100 % 101
5s
3% Jan
,5%
$105
107%
106%
"'112 J/4
•■,'•;;■■■
r
Amsterdam Gasu 5s.—w
New Eng Gas & El Assn 5s—
Jan
20
16
'
•«.
New
'
Reclaiming.
Rubber
1/:
Jan
21
•
''•-■,6s series■ A——„
Mar
108 Va
106%
106%
106 Va
Va
74
70%
73%. 74
106% 106 %
$114
116
Nebraska, Power 4%S—
'
3%
11
10
25
United Stores common.
ntah-Iaano
106%
Gas Light 4%s
Milwaukee
Jan
284
3%
8
•
•
common
Securities
preferred with warrants
0 8 Radiator
U
50
286
286
1
and International
■
~'8%Jah:
100
250
—.—.——]
Foil Co class B
S
110
•
106
•
25
Preferred
United Specialties common
U
109
103'
Valley RR—
Midland
Molasses Co Ltd-*
Amer dep rets ord regis.
United NJ RR to Cbii&L...
United Profit Sharing—
10%
preferred..
United Shoe Machinery common
U S
•
103 Va 103%
McCord Corp deb 4Vis——..
United
U
115 % 115%
;^:
._
105%
—
Products
United Milk
$3
Z
„
106% 106%
>
Kentucky Utilities 4s
116
$111%
Vis.
Kansas Power to Light 3
Railways
$114
Electric 6s—
Kansas Gas to
Corp common
Gas
United Light to
v
$104% 108
Power 3%s.
Kansas Electric
United Elastic Corp
United
3%s—
Jersey Cent Bow to Lt
105
100 Va
103
104%
100 Va 100%
22
100 Va
101%
102 Va 102%
100%
19
101
102%
104% 104%
6
103%
104%
103% 103%
1
103
104 %
103% 103%
90
91V4
3
103
104
2
78
96
43%
3
42
48
43%
,
,
v
'
■
•
'
w
'
:
■
■■
■
-<•
.7:
7' '
.
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
RANGE
BOND S
New
York
Curb
'/Vi;!
Week's Range
or Friday's
Last
Period
Sale Price
7777>7.
WEEK
777
Low
V>:
■'*'
7:77;,
Bonds
t
Bid & Asked
High
No.
•
Edison
Toledo
Danish
-7
A-0 '■
1946
—
3yaS
-1998
7:".
J-J
:
f.
-a
106
43
'i";."'-.
43%
7 105% 106
;
41 y4
2'
2
Electric
N
United
Light
Power
1st lien
&
J
4s
1949
7 J-D
.1959
A-0
United Light & Railways
series
(Maine)
A
"•
.1954
A Lima
'110
108
fit'
l .i'V 7 V; 7
i-
;7
10.7%
7
7 47.
109%
114%-116
•
*■'
K-
■*
'
;
Penn
West
Electric
Penn
Western
6s
5s
78%
;'nr
Traction
.2030
J108%
J-D
123%
72%
81
107 %
108
A
109
F-A
105
77.7rI ,;7
Newspaper Union—
conv
f
s
debentures
.1959
104
105
.
stamped
Interest
123%
1Q1%
-
106%
;
de
A5%a
to
77-7'
•'
-
Janeiro
A Russian
(Plan A)
reduced
Interest
•
:V;
7
J-D
7
J-D
V
'
^
J-D
M-S
■
...
.
1947
Jf-N
50%
BONDS
New
York
Curb
7777
777/77
Friday
Interest
Exchange
Period
-
Sold
Low
Sale Price
*
\*
Bonds
Bid & Asked
Last
1972
('I
-2008
:
No.
High
37
January 1 1
High
Government
40
40
8%
J-J
9%
7%
14%
8%
,
—————1921
9%
?%
14
Bank
Mortgage
(see
of)
x
a Deferred
delivery sale,
Ex-dividend.
d Ex-Interest,
Odd-lot salo.
e
Under-the-rule
n
«»i«.
7
*
777
•
/
r
'
HEX liquidating cash dividend of $22.50, plus, stock distribution.
Abbreviations used above—"cod," certificates of deposit; "cons/*
consolidated; **bum," oumul$*
tivej "conv," convertible; "M," mortgage; "n-v," non-voting stock; 4'v t o," voting trust
,
-y
Valley 7s
sale,
f
SRepprted in receivership.
—
ACauca
40
7.7'772777777;i
"1
2%—.1-2012 .77 J-J
6%s-—1919
J-D
JFriday'9 bid and 9sk,ed prices; xmeales being transacted during current week...
a Bonds
being traded flat.
'!
"' '
Agricultural Mortgage Bank (Col)-—
A 20-year
7s
-..April 1946
A 20-year
7s
Jan 1947
Bogota
Cash
Range Since
Low
23%
(Plan A)
to
_
..
50 Va
20%
.77'
-si
-
2%s
stamped
reduced
•No par value,
*
Week's Range
or Friday's
■
50%
50 %
A-O
.
Foreign Governments & Municipalities
.77/
35%
33%
^
•
•••
♦
96
■9t0%7.94;7
;
/
-
1947
Mortgage Bank of Denmark 5si
122
Rio
7
"
>
; 94
t88
}■■■
High
M-N
1951
r
[Low
MS
—2008
—.
January 1'
No.
95
;
'
7
2%s
to
High.
95
•
Range Sine?
Sold
7
t
stamped™2
1
>.1*
Bonds
/•".'■ ''7- ;7 7':;7
*
Mortgage Bank of Chile 6 s—1931
108%
—
123% 123%
•"
•
(issue of May 1927),,
A7s (issue of Oct. 1927)-—.
'
37
Friday's
or
Blci & Asked
7.7 J-J 7
6%* fctamped.1958
reduced
7s
M-N
{ "
A7s
;7':;7ir)
7'7.7 8
Last '
,77 F-A.
1953
„
Bank'of-Bogota—7
Mortgage
Parana
A-0
5s
!—1953
.
.*:77 7/''
7Interest
'
West
City (Pervi)
AMedellln
1
108% 108%,
77%
—
106
''7.
\
<"D
1Q5
7
^aranhao stamped; (Plan A)
:'£
114% 114%
:7
1
107% 107-%
M-S
^— .1964
Wash Water Power 3%s
£0
i'
'W i':
'
■7:.
;'7:.-'V7 -;'
7 ■'
i i.
7
7,7;';:7$7.7
ir-N
2022
debs
wV V.
HI
.1952
7,7
Waldorf-Astoria Hotel—
Y
.
f.S
—
—.—
income
;;:;7'7i :7
110 •,,,,
10.6
.
^Danzig Port & Waterways—*
•y.^'A External, 6Vas stamped
••'•••••
Utah Power & Light Co-Debenture 6a series A
A 5s
110
7 106
—
Week's Range
Friday
Sale Price
Period
1955
5s__
C
Co—
& cons 5%s
•7:
6s
'
—
5%s
Extended
48
105%; 107%
'
United
;:7 , 77,;'
.BONDS ■ V
\
•
1 "
*77 'New- York Curb Exchange ? vZ*"':•}"'Interest
Low
Stinnes
(Hugo) Industries—
A7-4s 2nd stamped—.
%
22
■7:77,-7 ; 77
January 1
Low
High
•
MARCH
,
Range Since
Sold
1946
EXCHANGE
ENDING
W
'■■[.ky-t Friday
Interest
Exchange
FOR
Monday, March 25,
_1948
certifloatoe)
"wi," when issued; "w w," with warrants; "x w," without warrants.
OTHER STOCK EXCHANGES
RANGE
' 1 "J
,
' ^
77v 7
77;
7.'.
.
r'v
>
" '
.
Friday
7
y!
STOCKS
7
;
7-.'77- -7^
;
Bait
Transit
Preferred
t
v
Range
Par
t c
v
27%
32
31%
52% 7
52%
52%
..
84%
84%
17%
17%
Fidelity As Deposit Co—7——
Amer 'A
Merchants
New
New
:7-'
-
w
*
V''1 ;
Z2
Casualty
American
Oil
Co
Seaboard
S
Commercial
Fidelity
7
v;
32
L15
5s
series
1.00
A.
—.
.
Jan
84%
Feb
90
Jan
19%
'5%
4
Jan )
,300'
100
22%
7
16%
May
31% Mar
700
70c
15
7
5
50%
328
North
14
Jan
1.15 Mar
20
20
7
18%
Jan
13%
12%
13%
50%
50%
10
77':
71
72%
108
21%
21%
22
22
100
102% 102%
1,950
87
1,950
Jan
94
•
Jan
Jan
Reece
5
Mining—*——^2.50 r
Button
99% Jan
-
'
-;'7~:'.",; y'y7777
Mar
'
Mach-i^.—.*
Folding' Machine
7—.10
preferred—
100
.Torrington Co
:5
f
*
•
United
9%
*16»'
x!6
132
133%
72% Feb
.
'3,
Jan
11% Feb
Friday
Week's
Fruit
7..
700
Range
2
225
1%
20%
649
"42
41 %
133
39
155
.—7——
32%
98
119 Va 121%
Par
Low
x80%
82%
'
50
&
Boston
__
50
Albany RR
Boston
Elevated
Boston
Herald
Boston
&
7%
8
Traveler
Maine
%
10 %
Personal
Boston
&
Calumet
Century
Cities
Prop
Providence
&
Co—
Eastern
Gas
————^25
Co
&
Common
6%
5%
pfd
Lines
'
I
.
•
*
National
Inc
;
•
v:
.;
General
A.
^
Hathaway
B
345
37
Feb
78
18
165
20%
"
conv
55
10
10%
596
25
54: '7 26%
1%
'"/■
12
;
100
72%
30%
Vk
12
Jan
7
25
Jan
,
7
500; 5 7
101
73%
34%
•7 3
.Feb
100
•'103%
103%
79%
1606.
Jan
Admiral
Jan
16
16
16%
500
10%
1,500
common
;'
7
Jan
Armour
Feb
Asbestos Mfg Co Common—.—
Associates Invest Co common
&
Co
5
:
common
Mar
'7:
40
40 %
120
36%
38%
140; T
"40
32 %
Mar
Feb
Feb
Belden
35
Jan
Mfg Co comnidn—:
Berghoff Brewing^Corp
25
Jan
Binks
61%
63%
47.45 47.45
•7: 158
64%
Feb
Feb
Feb
"10%
Feb
14
1%
Jan
3
Feb
Mar
112
Mar
1?%
100
2%
2%
1,250 7
112
3%
Jan
51%
1,008
3%
54%
48.18
1,602
35%
112
Feb
44% Feb
22% Jan
47*7
33-
/
46
39% Feb
46.30 Mar
12%
~2%
<■-,
•
Mfg CO
>
t
35% Mar
& Sons
Fence
1
.7
—
&
Wire
Class
A
Burton-Dixie Corp
•
•/
Castle
& Co
'
(AM)
■
3
Jan
common
10
Illinois Pub Serv $6
pfd—•
Convertible
Corp
preferred
common.—
:
i:
1
56'/
Jan
134
.
,
-
•>
is-1
20%
500
Feb
18%
^
.v
7...
-30--1'
•77
8%
Fej>
21%
Jan
19%- Jan1-1'
-
34"%. Jan
38
•
\?
22''
Mar 1
14%
Feb
20%
15%
:v
7 38% Feb
-
Jan
"
Jan
26%
•
77
Jan
17% Feb.
27% Jari
■'
650
40% Mar
30
50
200
-
•
Jan
a-.7
Feb
7 19% Feb
14%
300
-200
.
^5%. Jan
22 ; Feb
49% Jan
.,
;7„
•
" Mar
39,, .Mar
10% Jan '
2274 Jan
33%
38
150
210
xl07'
550
"*
4
4
21
21
100
33%
Jan
Feb
3% Mar,
21
Jan.
Feb
45%
Jan
16%
;
„
Jan
27%
Jan
i?2
Ja1^
:•
u
{108% 110
„
••»
Feb
Feb
Mar
9%, Jan
300
23%
7%
51
600
'
•
42% 42%
12%;7l3*t-"
% "*
Jan -'
600
22%
\
15%
77-8% Mar
7 1,150
15
29 "
}■. 7
' 109%
1,050
1,800 '
Jan
Mar"
15%
*--25Vi 7>-1,000
7 30 l'
29
i
Mar
•5%
40%r740% 7:77100
-
V
111 Secur
62
47
50
700
7
42%
10
Feb
Feb
12%
2j500
7
18%
7
..
Central
16
':'-.
—_12% : " -23%
Z.
v.
Jan
14%
125% Mar
7-
2(%
1 18%
5
:
i
15%
24
7:22%
17-7
'
Brothers
•*
6% 7
37' 7 37%
'
pfd—* •••'
Bruce Co (E L) common
Piston Ring common
13%
51% Jan
747% Mar
1,900
51-
714%
10
Jan
25
Mar
20
14
51
,7720 *
25%
i
9% Mar 7:
Feb
20%
Feb
.100
51%
t
19%
^
19
50
^
37%
.
7'*
•
.
Corp
(E J) capital
Burd
Butler
Jan
W)
7
20Va
7
16
10% Jan
'
200
77
IV*7-7%
-12% 77 11%^ 12% 7
7'77-7•
:*
700
.
62
—
7-
7_5
10
6%
;
—
—1
capital—
'
(George
i
,13%
—.
•
common
■
Borg
Brown
Co
com—t
..7
Central
113
300
Class A
Bastian-Blessing
30
45%
35%
•
& Seelig
,
-
High,
17% Jan
:■
•
6%
8
^
13
125% 126
—
•'
<
51%
•;>—
-.
——4
•
12%
62
7; 13%
'
9%
,
20%* 20%
—
—3
7
Barlow
•Brach
i
f
•
--
-1
common
'■
•
.
7
12%
■
—
—■*
Aviation Corp (Delaware)
Feb
Jan
;30ya Jan
18% Mar
lO'/a
•
• ;
Service pfd
100
■ ,
-f''7. ,■ 7 77,7- 7* 7
American Public
7'7
Range Since January J77
Low
1
Corp
Advanced Alum Castings—
5
Ball Bearing common—.—7.—•
7 7-
Shares
Low/High
Allied Laboratories common-—^--.—-*
Allied Products Corp common
10
Mar
Sales
for Week
of Prices
110
115
Feb
5
—♦
7- 7
Jan
70
170
class. A-
page
39%
19
Aetna
1A% Feb
.
Jan
99
75
19%
-_13
32% Mar
19
Automatic Washer
6%
125
31
-•
^—7.
Feb
..
Jan
12% Feb
37.91
7
Mar
18%
—7^7
20%
831
Week's
Range
*
Pflf
Allis Chalmers Mfg Co
1% Mar77;
12
100
31
—1
Copper
-y
7 2% Jan
Jan
Mfg common——l——•
(J D)
Jan
,
72
Jan'
Feb
Jan
20
8% Jari
34.86
225 77»;
.
107% 108
•
2?
see
56
29
77
22%
7 Feb
35.03 35.03
■
—
17
Jan
Last
Sale Price
Jan
91
Jan
20%
40
—
STOCKS—
83% Mar
43%
Jari
16
425
62%
preferred-—.
footnotes
67
120
19
10%
■
Friday
;
Jan
Adams
1
^
.
Corp_-_-_
Bakeries
L
Royale
For
41%
Feb
49 y2
Feb
*
Electric
$7
Mar
68
100
" '•
1% Feb
18 7
Chicago SlbcK Exchange
Feb
Jan
146
Jan
18%
100
common
Gillette Safety Razor po—
Isle
136
'
Capital
71
2,085 •V "44
.
51%
24
y
Stores
General
Class
92
Jan
■*? Mar
80
7
Employers Group Assoc—
Engineers Public Service
First
43%
777 23
Athey Products capital——
adjustment
S3
100
376
20%
——
Mass Street Ry—*.
1st preferred series
Eastern
814
67
prior preferred-—
100
preferred
—__—,100
Eastern
7
150
Feb
Associates—
_1—
■i\; ;:;^\7;77S
100
,
56% Jan
83%
16%
•
4%%
6 %
<
ii%
*
—
Fuel
23%
68
^-8
10
Range
17%
100
,—1
..
-
195% Feb
76%
77
100
Hecla-,
Trust:-;— --y.
46%
58%
Feb
40 "
'
41%
.71 •
Trust-—
-
Feb
Jan
45% Jan
30% Jan
165
44% -46%,:,
7
185 Va
1,7.10
.
Mar
82
100
RR.
48
83% Feb
High
49% Mar
'
.
Shares
Mining
46%
100
Service
Copper
;
;
stamped
class D 1st pfd stamped
Boston
Cliff
-~y
38%
105
143Vs 145
porp-i—
RR—
prior preferred
class B 1st p'fd
110
51%
23%
:
—100
—
Low
42%
45%
__
25
Ry—
High
188% 191%
43% 44%
=
.
—li..—100
Edison
83% Jan
74%
Range Since January 1 7
51%
190
Bird & Son Inc—1
Boston
Jan
64% Mar;
67% Mar
215
Feb
33% Mar
121% Mar
\
Jan
46%
-50
^
67%' 69%
—
78%
34
47
67%-
.47
Jan
110% Jan
575
47
66%
•
—10'
1
<
*
1%
1%
Inc.—" 18%18%
Westinghouse Electric Corp——12% 7
—
33% 34%
42%
...
—*
:—
Mar
25%
9037
-
Feb
23% Jan
43% J$n
38%'Jan
32%
•
82%
23
—
7
i
-
Jan
3%
18%. Feb
43
Jan
4
Feb
42
-
-120%
Mach common——^.23
preferred
-
32%
-
•
Venezuela Holding Corp
Shares
iom
*
Chem Co com—.—.—*
Copper
17%
7 Jan
550
"
for Week
of Prices
American
Anaconda
81% Mar
47% Feb
6% Feb
3Va Jan
715
Jan
3%
'
Jan
Feb
7
130
%
J/s
Mar
41% Feb
:1,769
;77 7
19%
__
5
Co—
Waldorf System
Sales
Last
,,
72
277
1
2%
r
Jan
Jan
127
'
Exckaiige
Sale Price
—.
76
23
Feb
4%
3
1% Jan
Jan
Jan
xl6
3
25% Jan
Mar
1,347
45%
3 ;
Feb
1;
75c
80%
4%
17
3,350
¥
Woolen
Feb
Jan
T7% Feb
40%
-U S Smelting Ref & Min com.i
American
14
56%
Jan
20%
440 '
44
'
—
.—7.5
Drug Inc
6%
Sugar Refining ...—100
100
American Tel & Tel———lOu
100
Jan
Mar
71
107
76%
-
—
United
k '■
United Shoe
American Agri
11%
49
.
1,700
1%
4%
—•
DrllL—
Union Twist
102%; F$b
'.y' 7.-7
STOCKS—
Mar
22% Feb
510
>
8%
44%
\
25
—...
Hole
US Rubber
,
,!
7:
:
Boston Stock
High
345
22
1%
-
80%
-
—i-.——50.
;V' .' '•.'v.7....
Stone & Webster Inc—..
Mar
99
1%
9%
.100
Rutland RR 7%
93
7
Butte
Reece
.15
1
Service-
Pennsylvania RR,
Quincy Mining Co
52% Feb
Jan
47% Jan
$23,000
97%
48
50%
Pacific Mills
37
Feb
y
-.
93
97%
.1975
58% Feb
Jan
—
y—•
-
\01d Colony
22% Mar
102% Jan
98% Mar
6
,
14
*92%
Jan
46
Cos-—7-.
•
1%
1%
New England Gas to Elec Assn—*
7
7
v
;
5%% preferred —7—————*
124
7 123
124
New England Tel & Tel.———100
128%
127
129
;
7746% Mar
Jan
44
32%
1.15
48
10
-L-100
—
„
National
Feb
•305,
Mar\
46% Mar
102
100
606
48
.100
Narragansett Rac'g Assn Inc
Npsh-Kelvlnator.
;
175
.
777
46%
preferred-
Mergenthaler Linotype
Jan
168
10
.
54%
Jan
15%
Central RR common-
'
••;V;:7;.7' ;7,
Vernon-Woodbury Mills Inc—
20-yr debentures (subordinated).
'■
Jan
34
Maine
52% Mar
49%
50
4%
7V'..'iyty-
•
52% Mar
14
.1979
.
6
Feb
i
52
—
Low
Mar
30
77777 7, ..*77■
■
29
Range Since January
High
48
Kennecott Copper
100
,
Sales
Low
Lamson Corp (Del) 6% preferred—50
;Loew'sBoston Theatres—
—25
'7 '. ■' 7"7,;
common—
Baltimore Transit Co 4s.
Mt
•'
--§0
v;-:.,
,
.
99
i
25c
& Guar
Bond*-..
Jan 7
28
;
6
305
46%
•100 7
100
——
?95
.
Shares
Week's
V
I
High
,
4% Feb
'j
:
U
300
305.
25
397
170
19%
prior pfd—
cum
Amsterdam
North
170
common
6.75%
:
>.
Trans.—
Vernon-Woodbury Mills—
>it
:
Miners
&
20
com—.77—100
rjr->V>
609
32
—111
—.u—
Eastern Sugars Assoc' com vtc— —1.
of
28%
6
"
Co
*
7 5%
;
for Week
of Prices.
Friday
Range Since January 1
:;;7';7:Lo®;7:-:':7;
6
Rower com—.7
.77'.
Range
-Sale Price
Par
High
-7*
c
Brager Eisenberg Inc
Finance
Shares
Low
28%
Last
Sales
"loO
common
Consol Gas EL &
22
for Week
of Prices
7
Sale Price
77:;77:7".7:v;
Co
ENDING MARCH
8TOCKS**«
-.7.
Week's
Last
Corporation .i—— 77" •«;
Arundel
WEEK
Baltimore Stock Exchange
7;7;'7' 77':'7"-;"-'7
''M
FOR
41% Feb
113
5%
25
Jan
Feb
Feb
! Volume
v;
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4475
163
^_?..y}>"; ?
1599
-
.
f; OTHER STOCK EXCHANGES
.
.
Last-
13
lis
*
Low; High
12%
12%
f
fPffH % >
*>Jir
Utlf common—..—_50e
Briorhenpreferred—£——_i_—-..H ;
;^j"V
LOW
4 w
8TOCK8-«
1
Range Since January
"Shares
of Prices
Sale Price
Preferred
•
.
v
j-
;
.
-
...
i-
.
118% 120,
120
:
Burrell
Cherry
Corp
\^i
.fefeV/ 5'
•
'
"•
4
f
:
%
*>
115
,
Feb V
:
;184
Jan
/
Mar
:
•_—*
63%
80
} "r *260"
20'A,
80
59
-HO
'Jan
79
•
•
Jan
Feb
22
.10% Jan
8% Feb.
Woodall Industries
Yates-Amerlcan
!
Vy.2—»/nl||
Bankshares
10
—
Commonwealth Edison common
Consumers
vtc
Co
partic
65
19%
: 47
Lnlisted
Jan
*
39%;
Copper Mining
Atch Top & Santa Fe Ry
Household Util
Electric
>')/
9%'~9%i
Inc
—5
£«,
-
;: General' Outdoor
/K/::V0fe>
com
Goldblatt Bros Inc common
:
1
<H
CJokfcard .Co
•
W) -common
J
18
Jan
35
1%"
''
common4444—4—4*\
"21%" Jan
1,550
28
100
20% Jan
600
19%; Jan
1%
.
22%
130
200
20
23%
Harvey Tnc^common.-.-..-.^
V; Hubbell
1
;
■
% Illinois
'
4 Va
i''"' ':/
150
,
,
*.v
Brick Co capital-.
—410 '
2
H Indiana Steel /Prod
pommpn——I
Interstate Power $6
22%
Oil
Uahcb
8%
Mar
Feb
.36%
800
33.
Jan
39%
29%
29 y2
28% Mar
31%
300
13
Jan
29%
140
27
IMar
Co common.—.—;—i
14%
j ^ Kentucky; Util jr cum pfdr
11 ,-6^ ^preferred
■
15%
16%
'Drug
16%
650
"14V41 '15
-
i____60
1100'
55%
coiumonLi-j.i..i, ^
Co
HO"
'
49%
—
12
$3.50 preferred: .——
.Lindsay Light & Chemical jpom......*
Monroe
'
Chemical Co pfd.—_—-—i*
!
i; Northwest
Bancorp
.Nor West Util
f
1%
!
.
Co
•
"
V..
Baldwin
1*'
j
*
180
.
N
165
-172
23
;
50
' 25, :
class
9 )'a ;
9%
A. V1
,
.43%
{Pennsylvania RR capital——..r—.50
fPoor •&. Co class B_.HV-H—•
-24
'
172
Mar'
Feb :
"27.
•
'
-
23
•
Berrick
25
Electric
];8ignode Steel Strap Co common..—.*
Sinclair Oil Corp-w-n
•
| Bouth Bend Lathe
Works capital
27
Jan
31
100
129
250
,
28" :? Mar
IfSpiegeb Inc^common-—-uu
Rt Louis
i
^.^£2'
Nat Stockyards
,
•
) Standard^Dredge preferi^d.-i-—...^.20
^.10
-
-
'
:3l%
f
»
j
"38%
50
1,250
.21%
,
:
6
208 South La Salle Street Corp com—*
Trane
4
Co
(The)
:
common—
H.4
28
53
57%.
17%
57%
.28
Mill-
Rolling
,
Service
V
.
31
...
;
x5^
:53 %;
' (.;:
Co
Walgreen
—12%
V Common
For
footnotes see
page
1606.
630
70%
..."
Jan
9%
67%
Feb
{'Mar
6
62% Mar
32%- Jan
4; /
tfe;.,--'.' V
Feb
34
53%
Feb
y.42% :Feb"-/
Jan
50
53% Mar
45
Feb
c
'
21
•:
8% Feb
47
.
Feb
Cleveland
Cliffs
Jan
.Mar-'
'
;■
'■
y
61
25%
.30
Jan
Jan g
•
Detroit
110
.y,
;//97% Feb
39 %
Jan
Jan
38%'
100
34%
38% Mar
33%
34%
800
32% Mar
Feb
Feb
19%
Jan
BO
f-
Bales
for Week
Shares
Bange Since January 1
High
-32
J8%
,275
B
65/B
.225
-17%
—
17%
,225
al91Va
45
15
-22
al90
—100
..
74'A:' 74%
—
28
*
,
...
Natural
///:
Tire
,
*
Gas—..——15
Co
& -Rubber
(Un)_.
alll% alll%
5%
J
25
185%
F)
;
Rubber com—,
Greif Bros {Cooperage class A—
;
Jan •/;
Halle Bros
: >:
Jan
>107
-
Jan
Jan
80
;
Jan
35%" Feb
*28% Jan
.26%, Mar
>160
96
885
Feb
Feb
;;
Jan
32
[102% Jan
113%
110% Mar
Jan
Feb
457
26 V4
Jan
34 %
90
24
Feb
30
Mar
240
43
Jan
48
Feb
7%
100
65
—^.—5
Preferred _...££^—-—-50
Industrial Rayon (Un)...—•——.—-*
50
66
10%
Jan
45
40%
>58'
;58
58%
'? 15%
;/ 52
Feb
Jan
Feb
,,'• 80%
Jan
Feb.
/: 45% Jan
Feb
80% Mar
68
Feb
58%
Jan
53
Jan
53
"31
Jan
54
Feb
55
Mar
Jan
87
;Mar
55,
100
85
85
197
45%
Jan
62
38
45
80%
11
38
al6% al6%
45,
•
118
>.
55
—
Jan
37%
|L6
a78% a80%
Feb
68
"70%
50
210
203
:
:
71
/
Jan
a64% a64%
common—...—±
;; Interlake.Iron (Un)-£.££--£-£*
Interlake Steamshipv —
i
Feb
13%
46%
40%
o
"H
*
'67.
65
Feb
9%
7% Mar
6IV4 Mar
85
157
;a72% a73 %
46%
Jan
39Vs
fel95
Jan
72
29
13%
common.^.—
&
Feb
105
fey 4;
.^74% a74%
—
/,£
(B
Jan
Jan
18
30
7%
[ General Tire & Rubber common..—A-5
Goodyear Tire
8%
Jan
Jan.
>17
66
a61%.a63%
,'[.£
.■
Goodrich
Feb
9
28%
(Un)
_.i——
€f'41%/Jah
>Mar
29
29
30
(Un)_—
Motors
101
Jan
•
a46% a47%
5
Navigation—,....5
—
29
99
100
%
ttiOh
/.:■/ LOW
90
105% 105%
-—5
..£10
"
38'%
48%
a35%»35%
-'
.1
Cleveland
&
I General
.
Mar
Feb
200"
Jan
41% Feb
431
-48
.a317A a3'l%
/General1 Electric
52% .Jan
Jan
41%.
'23%
8
Eaton
"
7
25%
40%
Mar
6%
..
.
Mfg L——■+-—.£-4 "
[Electric Controller
._.££——>.£,—* ;
;
Gabriel
y
JJan
/ 54% .Jan
.101%
:
TPeb
20
Range
...1
—
Body
common
Consolidated
Jan
18%'Jan,
79"%
,
70
125
.
Commercial Bookbinding
:
?
:
V./41; VFeb;-;
.5QQ;»
500
.133
23%
Low
Par
26% Mar
Feb
Feb'
44.% Mar,
"Jan
73 %
Week's is,
;xdlg£.c--^-~H£--i.Ui.£50o
Cliffs Iron preferred
Corp
Firestone
51%
.
15% Feb
16
of Prices
Sale Price
City- Ice & Fuel
"Clark .Controller
48% Feb
V":'22-y."
.,17% Jan.
:....
14
9%. Jan
15
Feb
12 Va
47%
American Coach &
,
y-?;24%Vpeb:'/J
Jan '
Mar
37% Jan
53%'
3-40
Feb
34% Mar
34%
—
Allegheny .Corp
-
y Feb
.
44%
20%.Mar
v38
36%
Jan
26% Mar
71%
Addressograph*multigraph (Un)_—'10
Jan
28
.Jam
Jan
V
Jan
28%
-
22
'25% Jan*
Jan
..
JS.
27%
226
.40
31
.
11%
—»—-
Apex-/Electric priorspfd—...
100
Brewing Corp of American.—.....J15
25
30%
30%
30
*
—
American Tel & TeL-—
;:':18%
100.
;Lr:V',y:
West.inghouse, Elec & Mfg-s
,
-
:
100
•
56% Mar
21%
Motors
Jan
N
,.530
200
Carbon capital
' , "• 4
' 1
common—-4 yi,
Western Union Telegraph common—100 V
—
i;
-
V
„13 %>Jan
y:'.•/"
61%
30
6
,'70. £Mar
67
Mar/
.
JAn
Mar
44% Jan
369
68%. V
Jan
16
Jan..
31..
200
•:
356
28%
,4,
11%
'
..*
—
20%
.
/.LQO
28
56%
30%
30%
^
V;..vv,
Fuel
&
'
27%
65%
11
37%" 42 /
37%
"loo
17%
United Air Line Transp
j
■>.
-
-
.
103% 110
— •
capital—4-—5
25 %>^ •46% .45 %
28%
27%
United Light- & Ry<w i—4.
.-y" 28%
U S Steel common
• ;
> ^
01% 83%
-'Union Carbide &
i
25.
common4_;..£._-—.25
Corp capital——
Thompson (J R)
.Jan
.57.
400
280
Mar
.
37
.•
V
Jan
24%
116
.24% Mar
45
.
Jan
42% 4an
..
Mar
67
53%
Akron Brass
"
1
-Jan
13%
L2y4'Mar
19%. Feb
116
230
66%: <<60%.
.
Last1
'
! Texas
Feb
12
6
Feb
700-
39,
70
66%
.
Jan
••37%
'2,150
38%
-
Mar
,
26
-
105 V2 Mar
.Mar.
.12
20
25
Jan
.89
150
21%
Jan
;ft 17
42
5
12%
110
Jan
y.
,.12
.200
12%
&' Gamble.
/ STOCKS— y.
Jan
.80.
&
v
12'A
12 %
Feb
[Mar
67
■
Jan
20%
.
400
-
14
■••'•;. f
.
Jan
■12%
......
500
19%
38
•
common...———38%
common..'—5
21'^
& Co capitals
4
_25
39 ;
Corp
Sund8trand Machine Too)
>47
,
,2l
108
/rVV:83:;/
104 Va
24%
[ Cleveland Elec 111 4 % % pfd.
•45
25
Jan
6% Feb
115
Jan
Cleveland Stock Exchange
Jan
vV/45 v
2r
'Febr
:37V2-Mar,
;
1,200
'.'V
111%
585,
15%
14% Mar
; 20
5% Mar
20
21%
17%
..
'150
7%
:99%"59%
.39%
L14
Mar
17% Mar
22% Feb
Jan
17
350
12
>
31V8
.130
27%'
:
7.
■
Swift
,
•
-9%
'24%
.;
Jan
f
1,300
38 %
v/2f
Stein &r Co.class A common;.—;
I ;Stewart-Warner Cqrp com.^.-.—.6
. --V
? Btorkline Fur Corp .common--.—.^-.10
-4 ^
vvSunbeam
1,000
1
25 Va
■37%
u
r.
Jan
-;-
"200
23%
Mar/
-
»16% Mar
160-
1,200
33
;v::. v-:. comnion....--.---^n^---.-^-----r-.l,;;;;
V f j;V
HV"'v
lStandar(\ Oil of Ind capital—
/•I 2,600
19%'
' -r24%
,38%
19%
36
.250
33
50
6%
53%
Pure Oil
'
18%
12% Jan
18
65
Feb
21
19
5
17% Jan
507
; 116, Li6
Jan
33
I
184
14%
12%
12%
preferred.
Feb
33%
Jan
30% Mar
2l
Feb
?
Bl%
Jan
6
Jan
<103
12
—'—
Feb
>
13 Va
108108
.104%"
:
46 V*
40% Mar
252
15%
50
<High
27
17%
114
108
y/>i.^>C'-'JI-a'; ;/
Range Since January 1
Jan
6% "
100
pfd_
•/'
1%
18
>18
..20
Jan
9%
41%. 42%
/■'/
47% -Feb
29%
H0%:>" :*T0%vlio%
-17
vil7%
-17
Corp^ class B eommon—L-.-l:)
Feb
205
'Mar
■
•
24% Mar
7%
470
' 42% V
'
Jan
Feb
"24% "Feb
Feb
100
%/-. 20 %
72%
'
100
19
Jan
11%
21% Mar
32%
»
Jan
11
General
Feb
21
Jan
41%
50
'
34
200
4%.
14%
Crosley Motors
JPeb
13%
.
100
V28
__
Jan
y.y////fe/':
43%
21
—*
,
Blfectric CoVcommon.—-...*
f ISchwitzer Cummins ^capital—i,—»—1.1
\ !Sears 'RoebU6k & Co capitaLn..t;i-Ti-*
,
69%
8ales
High
17%
Friday
VSangamo
Feb
r
Feb
Shares
40%
—...*
—
Columbia Gas
,
Feb
Jan
31
31
"f-fj'
for Week
4
*
Cities
Jani
182
'Jan
21
...J«
—50c
,Rath Packing common.
iRaytheon Mfg Co common
j
t
Jan
40%
v Jan
■
192
If:
Week's
Feb
•8% Mar
1,050
-25
Jan
'
Unlisted-
.Mar
.
2\
-
5-'.
,
18
-
■
.45
19
Feb
66 V4
$1,000
•j./;//
Low
43%
....20
——
Telephone
American
"
32
21% ,21%
8Va V'8%
.
jiPotter Co ;(The) common^...—<...1
! iPressed-Steel Car qommonH--—-U-1
56
50
.
Jan '
11'
1,200
-24
43%
-
Machinery
Preferred
Feb
8
23% Jan.
150
9%
Feb
yy:/;//;/.yy;;/
of Prices
■;
—.8
Standard Brands
.
.
27%
Range
U S Playing Card—.—
U S Printing.^
85% Mar
Jan"
135
2,850 :
20%
.
Last
Randall class B_—
'
20%
;
23%
fe 62% Feb
■
102
,
-V
Art
Prohter
Jan
"Jan
171%
100
'U%- 11%
Mar
fefe 67 /V
Jan
55%
41% Feb '
V "990
-
30;
200
Kroger
i'V
Feb
Feb
Jan '
40
50
'
'
67%
.192
Sale Price
(Dan)
Gibson
Jan
Mar
"28
450
25.%
"
Jan
/
T P.—i
O ids
Hatfield part
Feb
16%
•
"72% Jan
650"
182
Feb
1,000
Kalin /;
Feb
.
18%
%
'54%'Feb
6% Jan
•300"
47%
Jan
Jan
'•■••y74
Jan.
'>£;y*
30'A
——
'
171V";'"
-.9
"eabodv Coal Co class B vom..
Elec Switch
Jan
45% Mar
300
-29%
44
25%
35 y
'J
600
■
47
-29 :
29 %
182;;;41
•
Penn
16"
■' 56*
53
-56
;Nunn Bush Shoe common.V—.J-.. 2%
v'':v.
DowVDrug
...———
*
Eagle-Picher
—..—10
Early
Dan preferred..
—
100
Formica Insulation
*
!
Hoakf'Mfg 'commonl-r.i_H—11%
iOntfrio Mfg,Co common
•
;
•
,
-
200
/
?■?;
'
'fe/y/y//;
Gas
Cohen:'
/
14%
■
33%
29%
1960
Cincinnati .Union Stock Yards
47% Mar
9%
v
FeD
v-'
Feb
15%
900
'y
—
Cincinnati
47% Mar
,
23%
50
7%
Feb
Feb1
.25%
'
58%
59 %
1,400
1,300
66 V4
Cincinnati Street
Mar
Jan
«!%'!%■£
7
••"
1,800
65%
>y;.
Advertising Products
*
Ball Crank.
—...—^5
C
■
Mar
22
Jan
'40;'
,4 /;
L.il00
_
Feh
20%
Feb
Mar
-20-
300
'*>
16 Va
■67%
—....
City Ice
prior'Uien, pfd-H-wlOO
preferred ..i—
M,.;
38%
21
F<Hi
12%
<51%
•
26 % Mar
—y
30.
Cincinnati
Mar
Jan
55
-
,36
5%
,
•'
^
y:
Cincinnati
Feb
134
'
.
1
^
{■ ,4
Churngold
•14%/Jan
20%
48
7%
(Mar
•
14%
Jan
21
55
v
.50,
.
,
100
'82% "85%
xommon—*•
'C' /fe1 >"•*>?'p,
1
i;" -m;1
Mar
25
"Jan
43
100
,
16
y:
;
com
National Pressure 'Cooker common_J_2
iNational'Standard ;common'—.10
...}
16
/
,5;ioo
2,050
.;
24%/ 25%
?% "49
■
15%^ 15%:
:
Ward' &
22
21%
Jan
39%
L800 '
Jan
500
moo >
fey
74
23%.
1
15%
>15%
33% '■// 31%
fir
1125
j.
"Participating pfd
Feb
16%
300 *
47%
-22
p«r
,-Mar
13 "
'48
Common
Montgomery
450
i43%t:47%
'—:
Modine Mfg common.—
'4",250
-22
47%
t'
|
$1 prior;preferredH-iTH—---js
),MinheapoUs;Brewipg Co cpmmon—.1 .. ;
■
80
20
| v Middle West '.Corp^capltali-25%
liMilfer A.Hart Inc'commod vtOur—T—; 8.% /
.
"400
36
27%- 34
28%
1 fMcWilliam8 •'Dredghig Co common..--"*
—.
\ l IMapes 'Consol Mfg -capitat-.-..-V.4"^"* ^ •; 4W i
vJiMajtehall Field common.^:——•
'47%
HMlckelberry's Food .Prod com—....—1
-13
Jan,
46
Feb
J
income conv sub notes^
fe
Laundry
10% Feb
,11%' Jan
Tl% Mar.
.35.. Feb
1,000
.
36
I
'
50
13%- 13%
i Llbby McNeil & Llbby common.—i.„7
KLincola Printing Co -Common. ——1
73%
>
,
—
y.
Products
Feb
111%
SJan
19
-350
40
.56
Teh
V/l
2,150
"
\
*
J—
American
15%"Mar
V55%-Jan
40
9%
•
23%; 23%"
":iiv
,
-Cumulative preferred
t
9
9
,i-
STOCKS—
Mar
16%
■12% ..Jan
140
—
'
27
Jan'*
1,100
56
110% 111.
'Ext Trniv' common^.—1——5
j La Salle
.HJLeatb
Mar
'14%
■
y 200
21%
Friday
18 % Mar
35.
Jan
27
700
100
27%
73'A.
'/
Jan
100
Jan
13%
>106 " .Jan
Jan
45%
Jan
•
:
'
Feb
200
27
110
Cincinnati Stock Excbasge
20% .Jan
250
__
'
'1".
■
26%
I—
10%-Jan
17%
19%
27
I }■ Kellogg Switchboard tsomirjon—.J.—.*
•
.«
of N
Feb
300
27
—1
4
"
Cincinnati
f iJoy'Mfg Co' common^_.___-_
51% Feb
■;
Jan
7%
5,100
' ry 5/-^^'/'
—*
y
Jan
33 Va
..
.
'27
44
'
>21%
few
1
__
common
''
r
63%-Mar
V
36
—
...
.
pfd—————4*
(The)
American
36
'
9
»££*-
Mar
19%
1 19%
V; Indtanapolis'Pr & Lt common...—•
:
-
■;•
Indep Pneum Tool vtc - new.—4——*
;
.30
r3U
8%
8%
__
r *6%
Ll.-Ll
'
•
16%
44:/ vl/44//
v;:, ly
capital
RR
hi
Jan
...
Jan
Jan
27%.Mar
47%
16 %
■
..
Flour Mills of America Inc—
/;
24% .Feb
,
Jan
55%
104
V-
H_
Feb
23
43%. Jan
800
Jan
'29
l%*Mar
■
Jan
800
25% .Jan
Jan
16%
1,000
1,400
2
60% 63%
*21
-21%
:y_£
■
250'
18
Jan
Jan
,20% Jan
'26
Teb
Feb
17
200
18
45%
•
common
Co
10
46%
Corp
Central
•«7%
Bonds-
'
•
i 'i Hupp Motors com*" (new)-.
'
•
Mar
25
17%
12%
Mar
94%
8%
1
i-.
common
Rtudebaker Corp common
U S Rubber Co common
.23%,Mar
14%
24
19%4 20%
22
4 22y«
20%
<4
Co G capital———1
(Glenn L)
York
Standard
F6b
Jan
•
••,
Co
Corp
Standard Brands common
Feb
Feb
■m
46%
'■
Radio Gorp of America common./* —-*
«
Republic Steel Corp common
—
Jan
79%
"
Mar
'24%
23%
X28
.
Horders Jnc-
...
.
24 %'
;
Hein Warner Motor Bafts——.44—8J; :■ Rights U—44—/
—
4—.;
Hibb Spencer Bartlett qpmmon—£25
{
liSOO
'
Feb
20%
20
•45%
'
,,
——10
Heileman Brewing
68'A
16%
Mar
20%
2;60O
24
Iron
"•'» D,'.\t /
Feb
'27
Jan
12
.500
12%
35-
—
■/£.—•
Harnischfeger Corp common
Feb
■12%"* Jan
23%
•
common
"Great Lakes D & D
•
10%
63
"10
200
''
Feb
70%
Jan
:p 14% Mar
800
••: ■■
v
r-*
Pullman Incorporated
••' /ynnfe/fe;
yv,'y>
Electric
Pure '.Oil CO
Feb
20%
-
Feb
Jan
19
Jan
•<y:"
common.. >;
Paramount Pictures Inc
Feb '
28%
9% Mar
""900 '
12 %'•
•
35
Martin
New
'
72%
33%
12 %
common£——l
common-—£—-•
8%
'
.—*
common.
Razor
//.fezfe/.'
'/-a:;v
■
Adv
Refrigerator Co
Gibson
Gillette Safety
•<
*
Feb
16
61
200
'-15
7lr%
■
General
Interlake
Jan
Jan
52%
10%
100
...
Jan
Jan
450'
-
14%
71%,
20%
—.310
; General 'Motors Corp.< common
/
Mar'
21%
15 4
—50
Cliniss-WHphf.
Mar
26%
5% Jan v
750
§63
63:
a
« £-
General ?Amer Trahsp common
•
:
13
'
1,050
-;24
23
j ■< General Finance Corp ecommon—I
,
;
400
Four-Wheel {Drive Auto.—.—.
:
Jan
200
_—15
Flour .Mills- of America:
Jan
23
550
Corp.—.
Elgin Nat Watch Co*
f
42'A
100
1,400
17
•
Bethlehem Steel Corp
•
Nash-Kelvlnator
6%
-
1
.
37%
106
104% "Jan
1,200
iT
Jan
50
13
hew—i~/-4Q
class A
Industries Inc
Domestic
-14%
""
■
". ■'> Hia3-
Jan
Stocks—
Anaconda
Mar
20
-
Dodge . Mfg Uorp common
25
y,
105
§
■"25
•
39%i Mar-
100
105
104
105
Pecker CAlf)- & cohn Inc com—10
"45 !
.
*'■47
Feb
Jan
y'7.17
17%
"
,10%
*
American Radiator St St San com. —•
v
10
■47
•
39%
pfd_100
cum
34%
17
L——3
capltai-
<
■"
■
34%-Feb
Feb
151/4. Feb..l / 25%. Jan
35% Jan
"31% Feb
50.;.;
'
17%
fet-Hyk'-v
V
y
Jan
82
Jan
•
26%
■
-v
4-8,300
20% feO/ 800
20
1
—*——25
Cudahy Packing Co 4%%>
21
34%
34%
■
pfd—£—i_50;
Crane Co common
—a*500 '
"31%
21 :■$
25
Biscuit common
Consolidated
v 29 %
31%
>
5
(The) Co Inc
"
•
com"mon__
Machine
7": 33
150
,
■
fev
Low
35%
104% 104% ■;•/, //•■ 50
•
common™'
Range Since January 1
y1/
High
"35
;
Coleman
Low
'
'
4300
Wisconsin
vvV'"'Vii'V'
}; *,
Cities Service Co "common
Shares
common-^—__
Cum prior preferred
it«
'
f
'•
-v.
16%
Jan
20
13,560 5
9%
Wieboldt Stores Inc
S
124%! Feb
196
4 Feb
,
Jan
13
18&
14%:
V
8%'
62%
!
♦
preferred
.?
Chicago Towel Co com capital-.
„
3902,160-
,
20%.
——1
...
Convertible
4.1
13%
■
5
common
Chicago Corp common
195
193
195%
;
13%
Jan
10%
1,900
>■
Central States Power & Light pref-—*
for Week
Par
High
■
■■
Ceritral S W
Sales
Rangn
of Prices
Friday
■''•■."
for Week
Bange
•
STOCKS—
Week's
Las*
Sale Price i
Sales
Week's
Friday
v
FOR WEEK ENDING MARCH 23
.RANGE
.
.
71 %
Jan
/■ 58% Mar
>
38
Mar
'
•65%
/-•20% Feb
45%
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 25, 1946
OTHER STOCK EXCHANGES
"
-
Week's
Range
Shares
Friday
Low
•
Jaeger Machine
f
Jones
•
&
Laughlin
Low
• <
Kelley Island Lime & Trans———•
14 %
14 Vat
26
Mar
281
13 %
;
Lamson & Sessions
-10
15'/a
14'/a
40
Mar
370 '•
15%
i
Medusa
•
47
47
•
17%
18
—-—*
6%
Cement
Portland
I1 Metropolitan Paving Brick.
MARCH
22
High
Y-vZ 728
28
a43ya a44%
*
—,
ENDING
Range Since January 1
High
26To
*
—————
WEEK
for Week
of Prices
FOR
Sales
Last
Sale Price
STOCKS—
RANGE
:,i;
17 V*
Jan
14 V*
Jan
17%
Y.vV-
Feb
Jan
48
384-
AND
Feb
■>
Member Los
FACILITIES
Angeles Stock Exchange
Listed
& Mfg—
LeMur class A—
National
Nestle
Tile
N Y Central RR
100
15 Va
500
-
a26% a27%
85
•
^ 15
—*
•
(Un)
6%
Va
6%
Jan
12%
Jan
26
s7% Jan
19
Mar
< •* AUEN
-
Jan
Oil
Ohio
Radio
i
•
(Un)
Corp
Standard
Oil
ri6
■:
16
19%
Feb
4iy8
Feb
15
Y, 20
;
23
West 7th Street
Jan
47%
Mar
19
LOS ANGELES
—
Friday
Jan
32%
56.:
*
r"Y\T
to
14
33
419
29%
Jan
40%
565
51%
Feb
60
—-—10
25%
Feb
STOCKS—
Range
Sale Price
Jan
Thompson Products Inc.
U S Steel (Un)—
:
I
Van
Vlchek Tool
•
52%
*
•i
:
423
49
v
Mar
68 y2
pzmtowii# Yj
.
260
29
Jan.
110
14
Jan
a37% a38%
120
of Prices
35%
Feb
y
■
44
5
Colorado Fuel &
Jan
Iron
preferred
new
of
Shares
Inc
—•
...
Garrett
Members
-
Building
DETROIT
Paint
Corp
Corp
Development
Intercoast
Jade
Oil
Lincoln
Co——.
Detroit Stock Exchange
Last
ijV
Petroleum
Allen .Electric————
Baldwin
Rubber
Brown,
Low
YYPar;.
—l
—
6
1
»
Burroughs Adding Machine
Corp.
18
1,615
4%
;*
Detroit
Detroit
Gray
Iron
20
1,640
100
17%
19%
7%
7%
Frairs
Gar
;
common:
Y":;9vY
440
23
"3%
1,200
3
13%
13%
1,150
72%
72%
common
8%
8%
100
1.10
2.100
Feb
Feb
Shell
Feb
23
17% Mar
23%
100
22 Va Mar
28
250
28 % Mar
34
545
Jan
10
:
Jan.
7%
100
3ye -3%
550
1
6%
——i;Y
2%
% 8
"7%
3
Jan
4%
2%
6%
2,300
3
20
3%
14,778
20
Jan
10%
11
1,330
1,008 *
2,000
36
,
6%
W*.
common.
1
6%
'
7%
11%
7y*
100
.'Y': 6%
11%
13
200
Y
10%
3,322
8%
8%
200
in
Jan
7%
500
1,000
1,125
Jan
9% Feb
9% Jan
11% Mar
Jan
12
8
Y8%
common
Si
14
6%
Products
—
—4Y
<■
Wire
6
;>;Wy'.v':
Y
:
10%
29
—
■
200
4Y 8
Jan
500
14
14
Walker Si Co class B
n
8%
13%
—
13
Mar
200
6%
13%
•J
,
29
131/2
Black
h
125
■
•
.
Jan
4%
14
Jan
9
Y
Jan
: 29 Y Mar
■■
,
.
•
Z
Zenda
Jan
6% Jan
13% Mar
29
;
:
Stocks—
'
1
Gold
Juneau
.
'
Gold
Gold
Unlisted
Amer
Angeles Stock Exchange
Last
Bros.
Corp.
l
•
common
Barnhart-Morrow CcfiSSIidMed—
BCTkey Ss Gay Furniture Co.2
l
Blue
2
Bolsa
Diamond
Shares
Mng
Mining
Corp
Oil Corp
Dept Stores Inc
Central Investment
5
50
80c
300
5
42
100
6%
7
5y8
5%
55
Jan
Feb
4% Mar
4.600
51
.
75c
s.
1,475
5%
Stan
Si
6%
High
67/8
53
Jan
Feb
1.00
3.858
•
Jan
7%
Jan
6%
Jan
20
41
155
155
50
114
8%
8%
220
a40% a40%
155
..
6%
Viscose
Co
8% Jan
5.000
I
8'/a
52%c Mar
,
10% Feb
65c
Jan
17%
Jan
3% Mar
4%
Jan
8
200
Feb
25%
195
10
Feb
27%
60
191
53%
a32
202
31% Jan
9c
10c
16.000
72
'
9c
69
100
72
a74
*a74
19c
21c
13.500
-18%
19ya
1.393
^ &25a26%
120
^
■
Feb
Feb
14%
69 y»
Jan
v
65
Feb
Feb
Feb
33%
;'' Mar '.
Jan
14c
Mar
Feb
77
Jan
25o
Jan
50
■
19c
Mar
17%
Feb
21
Feb
33%
Feb
20% Jan
23% Feb
36y2
36Vk
36ya
1.879
31 y4
31 Vo
31%
1.045
30% Mar
32 y*
30
30
644
29% Mar
31%
Jan
a40ya a4oy2
a40% a40%
48
42
'Jan
42
Jan
—
44%,
8%
20%
__
24
25
640,
24%
Feb
16%
21 y*
Jan
Feb
27
Jan
Feb
26 Ya Mar
35% Mar
23%
1.733
21
20
30
a27y8 a30y2
a30J/a
9% Jan,
22% Jari
616
123
*
65% Feb
49% Jan
.
18% Mar
30
30
Feb
Feb
199
"25'25%.
.
—
;
Feb
7%
2.634
24%
'
55% Mar
640
18% 19%
a56y8 a57%
Feb
-42y2
2.520
8%
39% Jan
40% Mar
6'
45%
18%
—
18Tb
19%,
■X'41%
108
a56% a57%
__
45%
Y
9%
■
9%
;
Mar
33%
15c
Jan
33%
12c
—
12c
15c
Corp
Co
Atlantic Refining Co
Aviation Corporation
Oil
vtc
20%
20 lA
;
12c
Feb
12c
12%
Jan Y
15c
f. Jan /■
2.000
7.000
:•
21
66 y*
' 66y*
66 V*
39 Ya
11%
28%
Jan
,.c
Feb
18o
Feb
'•;:/21C
Mar
20c
Jan
14o Y Jan
24c Jan
32%,.
17%
Jan
23
Feb
43%
Jan
Feb
66
66% Mar
186'/*
V* Mar
194%
Feb
185
155
.
330
64
12%
109
51
Jan
Jan
400
34%
Feb
1,335
9%
Jan
15%
109
225
30% Mar
22%
Jan
36%
Feb
Feb
Jan
Feb
14%
Feb
38%
■!
Jan
"28% Mar
27 28%
a50% a51%
855
al01% al02%
80
33% 33%
a53y8 a53y8
274
a49% a50%
125
52%
54
Jan
905
18% Mar
22%
Feb
26%
33%
Feb
Jan
13%
Jan
Mar
22%
Feb
—
33%
——15
5
a50%
25
19%
-—*
a72%
10
a
12%
30%
—
*
5
46
13%
al00% 102%
38 39 y8
al02
5
Boeing Airplane Co
Borden Company
Borg-Warner Corp
13Va
30%
———5
Corp
Bethlehem Steel Corp
46
—
—
100
765
a63% a67!/2
a67V2
-
1.695
;<
189% 190%
__
13
Co
Aviation
6.000
2.000
21C
:15c
—
8% Jan
100
:
.
12c
19c
15c Y Y;
•
(III)
55
Mar
Canadian
Pacific Railway
Caterpillar Tractor Co
Cities Service Co
Columbia Gas &
45
Jan
Commonwealth
Jan
176
Jan
Commonwealth
Feb
Cons
9%
Vultee
Co
Electric
Solvents
Jan
Jan
1.925
10
a3Q%
;
63 y2
'vV'J
'
646
8%
44% Jan
\ 27% Feb
a31
75
112%
Feb
33% Mar
15
Jan
Feb
6
Feb
Jan
.
Co—•
Corp
14
50
5
100
25
3
Bendix
:
5V8 Mar
48
Feb
7>t''
Jan
2.70 Feb
*,
San
Smelting & Refining
Commercial
1
1606,
3% Mar
500
.'
6%
—100
page
50
4%
54Vi
;—
see
8.185
80c
—
—
For footnotes
4%
•
Corp
Co
3%
Mar
14
27% Mar
3%: ;
^
—1
25c
Co
American
Barnsdall
Range Since January 1
Low
l
common
California Packing Corp common
Cessna Aircraft
4
Jan
75c
Jan
59
100
s-
-
21c
10c
Co
Baldwin Locomotive Works
High
Y
1
Chica
Broadway
for Week
For
Bandinl Petroleum Co
Barker
Range
of Prices
.
Sales
Sale Price
STOCKS—
■'
41
187
690
$<)
10
106
A T & S F Ry
-
•
Jan
37c
;■''
Mng Co
Co
Anaconda Copper Mining Co
Week's
731
a26% a28%
w
100
Armour &
,
Jan
59
Stooks—
Rad
American
Mar
v
Friday
Mar
1.50 Jan
1.40 Jan
16
10c
CO———10
American Tel & Tel Co
Los
25c
*
Jan
6.450
55c
aW
California———25
Mammoth
Cardinal
8i/2. Jan
16% Feb
■
6,655
6,555
8% Jan
ig 10%
11% Feb
15%
3%
■
a28%
•
Cons Mng
Calumet Gold Mines Co
Jan
13% Jan
■
common
Jan;
1.00
Jan.
Mar
;
60c
57%c Mar
52>/2c
3%
•
Oil
8
Ya
1.50 Feb
Feb
Feb
100
27% i
,
9%
55c
Corporation—.—2
of
6y«
*45
59
9%'
common—.——60c
Consolidated
Mining
Alaska
11%
Oil
a44
25
A
Calif
1.05 Jan
295
^
2.05'
vV 1V
;;
...*
Company
of
210
Jan
1.50 Jan
Feb
A
msn Mar
6%
Co
14
14
27%
—!,
Weber Showcase & Fixtures 1st pfd—•
Western Air Lines Inc—
—1
8% Feb
6% Jan
5%
Union
Feb
13%
•»'
Transcontinental & West Air Inc—5
Jan
.: 13%
Mar
7%
|;
12
10
;
V
Sunray Oil Corp——————«X
Universal
11% Mar
5%
'rrv';Y.:
5%
Investment
Feb
12%,
YL"
—■
Brewing
Udyllte Co
7
5
S
Jan
class
Pacific
Oil
Textron Inc
12% Feb
39% Mar
Jan
5%
"Y 250
preferred
Jan
37c
13.000
1.95
—
—1
—
42
200
57%c57%c
,Wi'
——*
—
1.20
Y:
;——*»•
Com—
Transamerlca
10% Jan
39%
6
6 %
Southern
22% Jan
371/2
Oil
Standard
3% Jan
Mar
20
-
Feb
7.124
25c V 27c
*44
,
——25c
Aircraft Co_;
1.20
v.
2.00
—
—
37%
500
—^
preferred class C_———25
Southern California Gas Co 6pfd_25
Jan
2% Mar
100•
'
—
5
9%
30c
XU";v":
•
5%%
Jan
9%
;
Feb
Jan
1.55 Feb
Feb
200
4.100
—
,
Southern Calif Edison Co Ltd—25
6% preferred class B
25
12% Mar
60c
Jan
10 y8
Feb
1.200
7y8
9%.
—
Corp
I.45
47c
—*
—
1.90 Jan
1.15
.
Feb
39%
1.05 Jan
20c
1Q,
YZ'6%
7y8
Stores, Inc—————r—♦
Company
30
Class B
Solar
Jan
Y'YV;8Y.-.
Feb
39 %
—
J,
4
'
8% Jan
150
.
10%
♦Yi?
Li
1
common
—
Trading
Sinclair
9% Feb
Mar,
600
.6%
4%
—
Tivoli
Aircraft
12%
6%
■
4%
—
Co
Corp
Signal Petroleum Co Calif
"
12'
12%
common—
»>.
210
1.35
1.40
Corp——1
Signal Oil & Gas Co A
25% Jan
18% Mar
4
210
1
Jan
8%
—1
Union Oil Corp———15
Sierra
Feb
30%
Oil
Oil
Safeway
Security
Jan
■'YYV:1';.' Y;7%
common—
B
30%
|
18%
—
Pattern
Tube
24%
23%
————
Co_
Spring
Jan
Jan
5.639
106
26
32
f
8% Mar
1.800
1.30
>
.
—1
Co
1.20
a20c
1.25
a40% a41%
1.30
Ryan Aeronautical Co—————1 :■
Jan
8%
»
River Raisin Paper
Scotten-Dillon
——«10
Shelter Mfg new common
Young
5
1.10
a20c
a20c
Jan
1.40 Feb
~
8%
,
Jan
65% Mar v;X
Jan
& Dev. Co
Warrants
15% Feb
f. 80
Y;Y-TZ
8%
1.5%
Ranch
Richfield
Jan
342
30%
common
Screw
4
6 % Mar
10%
Rice
Feb
Feb
500
*,->
Packard Motor Car—
W)
r
18%
,
Peninsular Metal Products
Warner
120
1
Hone
Wayne
740
Feb
■
12
'
*
Mar
^ %
A-l' 1
Republic Petroleum Co common——!
Feb
27%
71% Mar
200
6%
12%
24
18%
.
Radiator
ne--,n-
6%
Jan
12% Jan
402
,
12 Va
■
_
Products
McClanahan Oil
S
,
5%,
Wines
Standard
3
r'YwYYa:T:Yv'
—2%
Lakey Fdry & Mach
Simplicity
7
Mar
71%
Y
■
Mar
Car
Kingston Products
Klnsel Drug
(H
27%
5% Jah
400
6%
■'
Rickel
300
'
10%
23
Bearing
Motor
Davis
5%
5%
—
Hurd Lock Si Mfg-..
Parke,
1,103
400
Feb
19%
Feb
28
new—^100
V
>
Jan
61%
27
Elec
5
21%
60
Feb
15% Mar
% 79% Feb
70% Mar
100
Jan
9%
Jan
10
common
.—25
Pacific Lighting Ccrp common—.*
Pacific Public Service 1st pfd—*,
"
110%
1.730
,
9% Mar
385
£
Jan
36
C.o—
Si
Mar
8
35
26c
Oil
Jan
„14% Mar
927
f;
135
1 35
*29% *29%
1.20
Pacific Gas
•
&
Houdaille-Hershey
Micromatic
27
10
__
Hoskins Mfg common
Screw
7% Mar
25
; Jan
23
—10
....
LaSalle
Jan
17% Mar
1,075
10%
-
Masco
23%
2,015
.
23
Inc-————iC—~ .—-•-3
Hoover Ball
Jan
Feb
1.25
35
1
tm*
Sing
Oil,
14%
359
45
23%
23'/2
a66% a66%
__
1.35
10c
Pictures
20%
Feb
Mar
85c
450
1
Oceanic
Jan
23
Jan
1';
Gerity Michigan Die Casting
Brewing
Graham-Paige common
Hudson
26%
..-—
3
Wood
19%
21%
2
■—
—
Goebel
U
27
Ale
General Motors
Union
.
16% Mar
•
15%
72%
•'
••
Feb
18
14%
:<Y—
10c
Co—
1.265
71%
'
••
32%
13%
360
3.900
407
71%
'■
Mar
15% Mar
.
500
£l4%:'&
r.%;.-h%1-/';'..
Occidental Petroleum Corp.™——.1
Jan
5
.v.,'.1
7%
5
Detroit-Michigan Stove
Detroit Steel Corp—
•'
10
;
*
19
14
368
Corporation, Ltd———!
Northrop Aircraft; Inc——1
Feb
Y'/:'7%
Jan
Jan
22
■
Cleve Navigation
Edison common
Jan
15%
YY ;3%
17%
17%'
_
Detroit &
4%
575
16%
14
"8%
Nordon
High
2,315
Y
22
:
Low
■
15%
>1-1.10
24
Feb
,^ 26% Feb,
''r •
235
10c
—
Co
Petroleum
Monogram
■
16 3 8
3%
IIIZI10
Consolidated Paper
Continental Motors
Mt Diablo
Hiah
Feb
„1
Manufacturing Co
Merchants
5%
;
*
Oil
Menasco
Shares
16 y*
—\ v.,,
McLaren
Mascot
;
for Week
Range
22%
15%
I
Co—
Petroleum
Sales
r. of Prices
26
365
in
common—
Los, Angeles Investment Co
Sale Price
32% Mar
8%
"
Lockheed Aircraft Corp
Ysy
Jan
15%
common
Hupp Motor Car Corp——
Telephone: Randolph 5530
Week's
30%
—
10
common
Hudson Motor Car Cn
Hunt Foods Inc
/Friday
3.075
15%
Goodyear Tire & Rubber Co com-—*
Holly
Ford
32%
-
2
—
Motors
General
Chicago Stock Exchange
A—1
Corp
General
New York Curb Associate
45%
1
Farmers Ss Merchants Nat'l Bank—100
Far&sworth .'Television Si Radio——.!
Detroit Stock Exchange
Jan
14
class
Feb
34%
16%
5
—1
Stores
Jan
:i. 24
275
al04% aloe I
a24% a25%t
Equipment Co
Fitzsimmons
Feb'
Feb
23%
25'/*
aio4%
—50o
.Exeter Oil Co, Ltd class A—.—
Watling, Lerchen & Co
21%
High
133%
Jan
43
26
Electrical Products Corp—4
Emsto Derrick Si
21%" '
Low
*
•
17%
..200,.:^
982 j ;
j 32%
32%
1
Douglas .Aircraft 'Co
L
Industries (new)——
: No.
120% Mar
>
43
Jan
74% Feb
:
Range Since January 1
'
Low
175
18%
21%
:
•
America;
;is
21%-
•
Dresser
New York Stock Exchange
4121
for Week
/ al23al27%
;
„
——.—.20
—
———
Creameries
al27%
•
—
Consolidated Steel Corp
Preferred
34% Feb
15»/2 Jan
:
61% Mar
Chrysler Corp
97% Feb
;
"•
28
a63% a64y8
Youngstown Sheet Si Tube common—*,
20% Mar
y
24
31%
14%
14%
——1
———
54%
30%
•,
.
———————
White Motor
i
285
a8l% a83%
i
Works—
Iron
Dora
a22% a23%
23%
—TRinity
Sales
Last
Feb
57
Week's
High
Ohio
of
^'
SCHWABACHER & CO.. SAN FRANCISCO
.
Feb
55 Va
*
(Un)
Steel
Bros
:'
43%
43%
*
r~
Republic
Rtchman
272
395
a22V'8 a22%
50
(Un)
RR
& CO., NEW YORK
35% Jan
';
2IO
Pennsylvania
;;
Unlisted Issues
—
'
16% Jan *
Direct Priytte- Wires
1
BROKERAGE
Mar
19
i: 40
•
FAIRMAN & CO.
Feb
14% Mar
60
COMPLETE INVESTMENT
Jan
53%
'723Y
;T
32
-
Corp
Corp
:
Edison
Company
& Southern
Aircraft
Corp
Corp
•
•
25
29
95
121
a29
__
20
a31
11%
4%
1
19%
a70y8 a72%
a34yt
•
.19'/*
11%
460
10%
20
230
20
20
Feb
31%
Feb
3%
4Va
9,395
2%
Jan
4%
Feb
29
31
677
27%
Feb
32%
Jan
a34V2 a34%
•
395
34
Mar
i
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4475
[Volume .163
1601
OTHER STOCK EXCHANGES
RANGE
•
tritt*j
•
■
.
Last
V.'vZ
>■
Continental Motors Corp
Continental
Oil
Zellerbach
Crown
Electric
Electric Power &
Light Corp—.
(B F)
Interlake
Iron
International
Tel
of
Co
McKesson
Tel
&
25%
2.055
24 VST Mar
33%
Feb
125
19%
Feb
22'/a
110
21
Feb
Robbins
&
Central
York
22%
46%
a57%
Jan
13%
200
;
Jan
20 ya
Jan
36 y2 Mar
'
a24'A a24%
f'
:
95
41%
.31%
Feb
50%
—13%
18
48%
48%
13%
205
n3A
Jan
14 y2
Jan
50
Inc—
75
a82% a86%
289
270
26
Jan
76%
a26% a27%
__
1
14%
80
Car
Motor
Co
•
Jan
Paramount
Pictures, Inc
Pennsylvania Railroad Co—
1
50 ■?a441/»
.—l——.25
Inc60%
13% Mar
16V*
Jan
34%
Jan.
;i9% Feb
22%
Jan
12%
Feb
Pullman
Pure
,
Oil
Co——.———.—————..*
Radio
Corp of America
Republio Steel Corp
/■
•
10 %
Jan
208
60'%
>?43
Jan
74
Jan
47
37%
Feb
42%
Pittsburgh
V 23
-
.
'
"
20%
23%
Feb
15%
676.
Feb
18%
United
397/a
Feb
Sears Roebuck &
Co
♦ '
(new)—"—
C
42% "
41%
42%
36%
736
44%
Brands,
Standard
Oil
Co
Jan
Oil
a47 a47%
39% 39%
a65% a66%
600
47% Jan
38f
Feb
437/a
Oil
Co
(N
Stone
&
&
Texas
——
65%
Feb
681/2
Co
39%
a6b%
12'A
13
110
18%
Feb
275
30 V*
Feb
33%
—————25
103
38 y2
Jan
39%
Union Carbide &
£55% a57%-
120
53
Mar
,58%
United Air Lines, Inc—
United Aircraft Corp
United
U, S
/ 145
19%
100%
Feb
46'%
983
115
36
43'/a
„
5%
83%-
Tel
'•>**>?
Woolworth
(F W)
Company
1«
.
6%
800
1
5%
5%
5%
735
4%
257
11%
95
45C
:25%
V.
9'A
UZ-A
8%
36%
V
96'%
31%
8 /•
—
Mfg
Budd
Wheel
32%
188% 191%
30%
common.—,
21%
33%
'
•
'
-
v
■
jQeneral
Motors
Gimbel
33% Mar
20%
Feb
26 y2
'
Feb
53%
power
Pennroad
Corp
.
North
4th
14%
•
12%
Pennsylvania RR—
-
x
v
Exchange
York
Exchange
Curb
Manufacturing..
27%
27%
185 Vb
95%
-
'
$1
preference common
preferred
Power 8% pfd
•
100
—
4.4%
;—
Philco
r
common
;
29%
28%
High
37%
Jan
Jan
Jan
39%
Jan
40
Mar
*t' ?.*'
»■
Feb
"V 195%
29'A
Mfg
46%
•
Century- Electric Co—_—:
70'/8
7600
593
28%
Feb
Coca-Cola
Feb
140%
26%
:
,
Jan
247/a Mar
Jan
Sales
for Week
-
Range Since January 1
Shares
•
49
9
High
Low.'V-;
1
,
1
9
351/2
35%
491%
.
49
,
20
,.
Mar
48
388
Jan
35
'
60%
Mar
8
/
'4
60
50
,
,
Dr
'.'.V'
Pepper
Jan
50
40%
Feb
61%
33
/Jan
8%
150
• 9%
37%
33
9
.
33
'
220
.
*
•
■
'
17%
14V8 Mar
12
Feb
Feb
50
Jan
10%
Jan
40
Jan
Jan
Jan
; 35% Feb
y/./"
•
-100
common—
preferred—
4fi%
_.
—
46%
115
•
Falstaff Brewing common—22
Jan
17
Griesedieck-Western Brew common—♦
■
Jah
115
46% Mar
100
•
Mar
115
60
.
5
—10
Hydraulic Pressed Brick common—100
7%
Jan
\9%
Jah
2214
Feb
27y2
Jan
41 >A
Feb
47%
.
Feb
*'
>'*:*'
•
40% Mar
46
30%
Feb
,Mar,._
.
l'r''^
t
891
118%
Feb
250
427/a
20
>
52%
*t
^
4'1
Jan
46%
ji
"
r
'V' '
A
1
.
V
•'
5*
"■
)
^
*
V
5
}
21
\
43%'Jaii
.
!
' ]
V
s«,
21
7l
j50
Jan
Jan
9
Jan
>25%
25
-1 \
>v<
Jan
52%
Mar
'* t,V«t''r /'
,
25%
•
Jan
8
r.
Feb
6-45.
.25 y2
' L>
46
220
45
32
5% Mar
275
144
.
Feb
25% Feb
/
24% Mar
"■ vv,.'Vv-;.,
1
\
22'A Mar
Feb
68
•
Mar
55
'
225
35
.<
47
;
6
__
V'
1
—
Laclede-Chrlsty Clay. Prod
Laclede
Landis Machine common.
Jan
"
Jan
58 y8
Feb
McQuay-Norris
73 Va
Jan
Midwes
:
5- V 17
com—
Light;common——
Gas
■■87/a
/
l:..l
-1
.
26
21% Mar
{
,
^ 1
>
Vv: 21
20
Feb
602V
15
Mar
..-80:/V
.24,
Jan
28
Feb
29% Mar
30
Jan
20
21
Mat
Jan
Feb
Feb,
Jan
^
-,,«r
46'A
>64% "Feb
151
''
33 %
7% Mar
208
1
46
440,
150.
Y
.
5%
5y2
46'/2
1
,
kr: 27Ve Mar
50
,
\ r)
>.
.36% Mar
155
V
%
Knapp Monarch common
32%
.
common———44%
ik, \ Vjfr
.
A
Jan
28 Vb
*■
23 V
25
5%
'
Johnson-S-S Shoe common—
>
'
27% Feb
;
67
402
;;
„
29
25
W,.vf t •'.>
Johansen Shoe common
Feb
20
.'
^
i.
■>
Shoe
International
•V..;.
389
0
55%
-
25
-——100
Preferred
i
22 '
551%
,
Hyde Park Brewing common
Jan
21%
1
Huttig S & D common
-
Jan
12%
Jan
9% Mar
Jan
9V4
37%
■
.;Jan
32%
110
/• -f
'
Emerson Electric
37
32%
I'"-
37
,
common-——1
Bottling
;
Jan
19 '/8 Mar
19%
22%
117%
17%
v
Exchange
49
y;
Clinton Industries common—_—l
Feb ::-i-
3,958
71%
CEntral
:
High
'
'
—10
Feb
21%
21%
80 y2
57%
71%
:
Jan
Feb
•
8'A
56%
Phone
•
of Prices
50
Jan
7014
46%
■r: WM
:
'*
Range
•
■
■
—
1
common
26%
1,140/
3,997
;
2, Missouri
Jan-
37%
27% ; 28%
56%
—
common—
38%
789(
.
Co.
&
Week's
'
-
Burkhart
Jan
32%
55%
28%
■>: 37
.v-'-ii
———-15
Shoe
Brown
49% Mar
120% V
28%
Paper common——_,——-•
Sun. Oil-'
Jan
40
.,.,,401
Low
i
".
'
119
vi ^<-7 H
Salt Dome Oil
Scott
46
32% Mar
32% Mar
,
Bell Teletype SL
Sale Price
Feb
1.467
;/•: 44%
27%
A. 28%
preferred
«----.-50
Corp———————1
2nd
.
Co
350
Jan
V v-'./V
•
Last
;
,
.
20 %
20%
963
140
45%
43
28%
y '•
60
Corp
Reading
44% •
29 VV V
/
25
3
Phila Elec
Mar
;Y
preferred—50
Bank,Bldg. Equipment common
_3
1,535
-
23%
43%
43%
'
30% Mar V
30%
612
8%
23%
■■
——50
Philadelphia Electric Co common—*
10
Associate
American Investment 5 %
*
Penna Salt.
Jan
Chicago Board of Trade
STOCKS—
Range Since Jannary 1
1,370
266
-
10
7%
8
—*
50
—
5%
'x'-*:'"Vv
Stock
45
68
-
12%
9%
——
1,077
1871
St., St. Louis
Par
,1,002
664,
15
V 12%
—1
Light
Mar
Louis Stock Exchange
167
.
56%
.
Light-—
et
24%
■
14%
-a.—*
Power &
Penna
24
49%
Lehigh CoalAk Navigation—
National
10
Jan
768
21%
19%
\
V
56%
RR-————J50
27%
Jan
Jan
53
v
Low
Low.
24% 24%
121% 125%
24%
Brothers
:* Lehigh Valley
Jan
60c
Feb
5%
'
>; :>;V-.A_
>'■
■
»:.A;V,v <fu\.
New .-York
New
Feb
.
• V> 52%50%?' 52%71%
71 *A 73 %
10
Battery———
Mar
35c
Feb
Feb
92
33%
34%
.
Chicago Stock Exch.
'
Electric Storage
9%
2%
Jan"
22%
•>■:
42%
41%
7%
"
Sale#
22
Light———13%
&
Power
Delaware
Jan
Jan
for Week
Shares
32%
22
125%
• 'VW
a.—
Co
30%
Co common—
Chrysler Corp
Curtis Pub
190%
:
13
•
—^—*
Co—
Jan
14 y8
Feb
50
V»
34
33%
-t Members
Feb
38%
Jan
39%
200
45
High
28Vb
,
'
(E Gl
48%
1% Mar
,
St.
51%
;T, 95
a57
Low
32%
Budd
80
Feb
740
10
?
*
300
•,
Feb:
i 37V* Mar
509
of Prices
Par
100
Feb
Feb
Jan
"J
Jan
7Va
Feb
i.
Range
'
Sale Price
Tel
6%
Jan
Jan
145
Week's: ':"
Last
&
Jan
Jan
9
40,350
10
,
•
Established
"
a34a35%
a55%
Friday
Stores
Jan
2'A
40%
.700
35C
10
Friday -'"Y
Tel
9'/a
67
253
-
25%
25%
IV
—
;
2
1%
35C
1
_
-
9
V> 9
2;,,.
1
4
v
American
Mar
Jan
Mar
'
*
common
vtc
42'A
11%
,:>;->;>;> v.vv
rj
Baldwin Locomotive Works v t c
85
70
41%
St. Louis Stock
American
--
:
common.
j
r
'
•
13
10%
1,169
1%
11 Edward D. Jones
?
Jan
45A
a20y4 a203/a
—
%
Feb
803A
39%
39
«.12%> £35%
1
a20 'A>
Westinghouse Elec & Mfg Co
Willys-Overland Motors, Inc—
Jan
1,215
7%
1%
St. Louis Listed and Unlisted Securities
Jan
Jan
-V
»
■
51 %
939
a38% £38%
__
—-*
A_.
Co
vv;r.
:'A;
Mar
110
1.745
•
Western Union
Jan
51
a31% a33%
5%
6
,83% 83%
46'/2
Inc——.—5
Pictures
1
B 42%.
w\.;"
Warned Bros
22 %
Feb
250
———*
M
19%
7
•
v •1
■
50% Mar
50% Mar
30
:
20%
———5
—
*
Corp—
V'-
.
109
110
al58% £155% al58%
20%
10
——
-
(Del.)
Corporation
Steel
20
a51% a51%
Corp—
•
Union Pacific Railroad Co————..100
Feb
>.143
Jan
Feb
.
Carbon
28 y#
15%
1%
•
Feb
a57%"
—10
—
22% Mar
10
7
10
1"
:v
Jan
a38% a39%
a39%
Texas Gulf Sulphur Co
Tide Water Assoc Oil—
Jan
9%
-
18%
13
V
7% Mar
24%
'
23
20
25
500
Jan
,
a30'Aa29y» a30%
1
■
—.
—
■
,
,
Corp
Co
*
—25
Feb
8
Jan
16
25
—
J)__,
Webster, Inc_
Studebaker
Swift
Inc.—
Jan
34
17%
Westinghouse Air Brake
Westinghouse Electric Corp com— 12%
Jan
295
J. .-z'-
Gas
Glass
•
153/8 Mar
37
—
Foundry 'common
&
States
Jan
483
13
(Ind)
Standard
25%
24%
'
Standard
Jan
Mar
9%
"
•
Feb
17%
47%
Jan
16
new
Vanadium Alloys Steel
;v
*
Socony-Vacuum Oil Co—
Feb
25
27
605
-■>
17%
V!'VV—V—— —l".v.
Common
Jan
Jan
Steel
Shamrock
Feb
31
1.019
16
32 % f\ 33
.
15%
138
158
12
70
San Toy Mining
.
90
415
23 1
1 15%
-J
Jan
25
27
-
Rentier Co
Feb
£,■;
61%
r
..
*
common
-*'-5.*
1
Feb
165
v
Feb
5
Pittsburgh Screw & Bolt Corp
Mar
t 409
74
60%
v 15%
•
915
a38% a38% :
31
•
Corp
—
Preferred
31% Mar
190
a43 a45%
>
Phelps Dodge Corp
Jan
—10
Supply
Pittsburgh Plate Glass
•
10%
10%*
'
74
10%--
Fuel
Fireproofing
'
Packard
22%
8
—10
& Gas
Feb
35 %
Jan
Mar
50
;
Feb
185
11%
•
Gas
Pittsburgh Brewing
135
14%
——10
48%
27%
1
Ohio Oil
Jan
a27%
Jan
27%
25
National
Feb
47
•
High
37%
'
547
48%
Low
127
•
common-
Brewing
Mountain
Range Since January 1
,
42%
27
Electric
&
Harbison Walker Refractories
Lone Star
Feb
55%
Pitt
Fort
•
41%
Oil
Feb
237/a Mar
20
a32% a32%
Co——————a22% $ a22% V%23
Oil
157/a
High
42%
Duquesne Brewing
190
a37
54%-
•
Co———
Jan
Gas
Devonian
''
1
Low
•
Steel
Co
Columbia
/;
Feb :;.:
Uy8
400
16%
a37
22% Mar
54%
lnj
Shares
27%
Ludlum
Blaw-Knox
51%
52
RR—
for Week
Par
Allegheny
46'A Mar
I 655
:v fj; 26
a58
16%
j6%
a24%
Inc.——
Aviation
American
North. American
22%
46'A
—>5 a78% a78%
;V
12%
12%
•
Range
of Prices
Feb
:
*
Corp
Montgomery Ward & Co,
Ohio
Feb
__
Copper Corp
Llbby, McNeill & Libbv—,
North
Feb
a20% a21%
•
Kennecott
New
31%
12'/a
30%
Sales
Last
STOCKS—
54
9%
Week's
Friday
Sale Price
Jan
23%
Jan
__
Canada..—*
■"
7% Mar
7%
46%
•
Nickel
International
0
—1
Corp
Pittsburgh Stock Exchange
i"'; High
6.489
a31% a32%
a21%
*
Co—
Graham-Paige Motors corp
Great Northern Ry Co pfd
22
170
24%
—•
v'.
17% Mar
1,690
8'A
Co———5
Share
&
Genera! Electric CO.——„
Goodrich
18
1
Bond
Low
a39% a41%
•
'
1
A
MARCH
Range Since January 1
High
'17%>V 17%
a41%
5
Corp
Curtiss-Wrlght Corp
Class
Shares
t-vLow
1
5
(Del)
Co
ENDING
for Week
of Prices
Par
>;..'•V;V
•)
Range
Sale Price
■>
STOCKS—
WEEK
FOR
Oities
neck a
•
—
r.-::v;:■ /
■
•
———10
common
Cement
'
135
Feb
:
26
39
39
25%
*
com——»——25-:
Piping & Supply common
Mo Portland
>
26
*
i
17 '
: 26%.:.
28 Va 28 Va
26
,
25
*
15
4
18%
25
26 '
39
25%
••
Mar
Jan
39
Mar
Jan
29
Feb
Mar
21
65
Jan
82
Feb
32
Mar
32
Mar
25% Mar
195 \
-
26
33
24 Va
65
175
,
'
Transit
Invest
Corp
25
25
common-
Preferred
United
Corp
common
preferred
$3
United Gas Improvement-.———13%
Westmoreland Coal
3,649
51%
27%
26%
40%
20
—
■„ >
52%;..
28 V,
40%^.:
Jan
4%
>4%
Feb
'7%
Jan
,1
2,357
6%
4JA, Feb
J'3% Jan
467
4%
5%v
52'A
V
'
2%
"
5%
•
———
■ •
A:/4%
3 >A Mar
425
3'A
;
2%
:;x: 3%
if.
v.-;"
•
—
-3%'
3%
Mining - —1
Tonopah
;-" 4-Jam >
>
353
58%
>47% Jan
23%
2,280
/
Jan
40% Mar
20
Feb
Feb
47% Mar
-
CANADIAN
T
v
RANGE
WEEK
Canadian
Exchange
80
' /
—
.
"
'<■
■
'-Vv'v
>>>V ."-•>
i; *
r
;.-i
.-
i
Y
V
"
1
Friday
V
v,
yy
Sales
Week's
Last
Range
Sale Price
Canadian Oil-—1»02
Anglo Huronian j;
—————ViYAnglo-Rouyn Mines
V $•§*,■],-■
Anglo
for Week
of Prices
-
V
""
;>' •':>>' -}'V iTOCKS—
p V'
;;; Par
Abitibi Power &
7 Vo
New
Low
•
common,
.100
preferred
preferred
6%
;
Paper
96%
99%
100
$1.50
New
$2.50
preferred-
Preferred
t..
——20
Sugar
common
•
39
-
39
Jan
190
14
Mar
38% Mar
23
325
20'A
103%
• -
Area
4y2%
Mar
24
Jan
Jan
106% Mar
.
Gold Mines
Algoma Steel common.
2.00
2.08
36c
38c
13,600
21
21
Alger
«
1.58
6,850
37c
■
■
__
-
60
■
Mar
20
Feb
2.10 Mar
Jan
35c
54c
-
Jan
26
preference—,
Warrants
r
i»mirluin
American
For
see
1
page
;
,
Yellowknife.
footnotes
■■
•
Ltd common
Canada pfd
of
1606.
27C
Gold
Mines
—
100
10lAc 10'Ac
16c
20c-
V
67c
19c
22c
,
2'A
2%
5,400
26c
29°;
—1
Ashdown
Hardware
:
Jan
23c
Mar
Jan
Mar
Mar
24 %c
12
Jan
Jan
101
Feb
1.90
vv 2,063
3%
Jan
class A——^^-10
183
120
129%
Jan
205
Mar
109
110
106
Jan
109
Feb
Asnley Gold
26'Ac
29c
9,400
Feb
Astoria Quebec Mines--
—
——
J
1
13'A
"
&4C
- -
11,800
-
29,700
13
13'A
-
15c
15c
52c
61c
-
,.
-
650 *
Feb
25c
:
VV 2,200
Mar
55c
Jan
68c
Mar
95c
Jan
35c
14,100
76c
44c
30c
Feb
8% Mar
35c
25c
Feb
Jan
85c
98 '/a
100
69 %c
7
,36c',: '
Jan
30c
18 %c
1,205 V
.
>V 1.95
Mar
15c
62c
14,200
100 ioo%-:
13c
16c r Mar
24,600
62c
• •
1.30 Mar
20,600
20c
1.36
Mar/-
10'Ac Mar
2,900 V
1.35
8% y 9'A
IOOV4
Feb
33c
1.30
High
Low
91c
'206
v' 16c
,8
V
Mining
178
Feb
Feb
49
Range Since January 1
7,000
;
9
*
——J
Armistice Gold
Arntfield
108
25c
Feb
45 y4 Mar
Jan
32
42 Va Mar
Shares
1.05
91c
16y2c
62c"
-—
'
Aluminum
28%
Jan
;
Arjon
2.05
is Gas
Oil
AJax
conv
I^c
1
1
Mines
Argus Corp Ltd common—-—<—
V 18% Mar
V 39
.
Jan
20
Mar
14% Mar
18'A Mar
150
22 %
—
•
v-
Apex
176
.
4,325 ■.<:
18%
Ansley
Jan
105% 105%
22%
*
__—
55
Jan
100"%
6% Mar
93
1,960
—-1
*
1
Gold Mines—
Consolidated Resources
Aquarius PorcuDine Gold
9%
Jan
v
9,430
190
14%
18'A
18%
20
preferred.
Acadia-Atlantic
99%
189
•
—.
High
;'Low
..
2,895
14
—
common
New
7%
Range Since January 1
High
7'A
73'8
Shares
.18 Vb
26% 26%.-:. f
38J/a ^ 45% ^ ; 2,896
42% ' 43'A
' 140
Week'#
Friday
Range
Last :/■'
V of Prices
STOCKS— —Sale Price
Low
High
Per"
"
V: yV; ■V
,
15100
22
MARCH
">.
Funds
1;
45%
Jan
.
260
...
.
32
MARKETS
ENDING
•
32
43
71
20
77% 80
,
—
common————10
Wagner Electric common.—.————lb
vV
Toronto Stock
19
__
Stix, Baer & Fuller
LISTED
FOR
1
Scruggs-V-B Inc common
5
Securities Investment common——*
Sterling' Aluminum commons———1
,
Feb
28 ye
St Louis Pub Serv cl A com—
,
19,
Mar
62c
Jan
13'A
Feb
12% Mar
12c
.Jan
20c
Jan
52c
•
70,432 /
Jan
87c
Feb
1602
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
FOR
RANGE
Week's
Last
Range
of Prices
Shares
Par.
Athona
Atlas
Mines
Mines
Geld
Bagamac
of
Bank
of
64c
56,000
1.24
34,200
5.65
5.95
32 c.
376'>
%c
15c.
16c
25
26
35.
;7.'
_
•
_
_
Bear
Exploration & Radium
Beattie Gold Mines Ltd
Beatty
Bros
class
1
Beaulieu
Yellowknife
Belleterre
1.38
Quebec
—100
Gold
:
1.02
1
Preferred
12
75c
780
'
32c
•-:'
40,800
14
14
58
58
'$
10,400
30c
;>>,
92c
180
,„l"
:
12
Jan
14
56
Mar
80
*
common.
Boy con
1
Pershing GoldMines
Mines, Ltd
;
Brantford Cordage common..;
Preferred
B
Mines Ltd-—.
Dominion Bank
Is
5
30c
17%
26%
80
26 Va
26%
3.551
'•
3%
"
Zi
;
45c >
560
Class
:i
A
Flln
:
x
45c
Canada
Bread
7
commons........
>
—•
Class B
•
Canada
Malting——
Northern
class
B
Canada
A
/. 1st
Copy
,
40
Commerce
199
20:
•
:
J
"v
•
Alcohol
com
Pacific
Castle
Ry
pfd
Quartz
Gold
Ohesterville Larder Lake Gold Mines—l
.1
Mines
1
Coastal Oils
Coin
Gold
Mines
1
Co
•
Lake
l
Yellowknife
Mines
*
1
Conduits
National
Coal
Consolidated
Consolidated
•
Bakeries
Consumers Gas (Toronto)
Conwest Exploration
Corrugated Box
For
see
page
1606.
4.10
1,290
98c ; 1.18
102,000
lioOv 1.15
89,150
1/00
'
26%
27
7
>
1.60
5.25
5.15
5.50
15
157/e.
15%
'>:--57 •'
3.50
62c
Feb
>13c
Jan
3.35 Jan
Jan
90c
4.60
1.38 Jan
Jan
1.45
26% Mar
7
*
•7%
ey*
-
1,230
7%
109% 109 Vz
15 %c
Jan
13
/Jan
Mar
> '
27
28%
7.85 Mar
Mar1
16 s
Jan
60
5% Jan
10
00
19,600
>>
27
-
Gold
Jan
119 > Jan
Mar
24c
.
,
5% Jan-
100
:>
Jan
30%
7% Feb
»
1.50 Mar.
-
27
'
Mar
3.00 Jan"
35
-
if 28 J Feb/://
1,390
>
25
,
Jaii
32% Jan
Jan
; ,30
51c
51C
58
32
Jan
58
4.60
4.60
4.60
.200
18
19
635
14
Feb
20
105
Jan
.
Frabisher
Power
.
Exploration
Gatineau
common.
56c
Products
8,600
class
110 110V«
.100
Mfg
JU
i HI
11
11%
A
Preferred
>'it.>\';
18%'
>00
preferred:
General
/
•
preferred
ij; 5 Vii %
-100
;
-
100.
—*
19%
Mar ~'
*"45c
>
4.15 Jan
75c
■
jan
5.55 Feb
*
•
7.25
7.10
85 :;*
2.60
2.60
20c
190/
lQc
IPC
—
Feb
God's Lake Mines
70c
Feb
Goldale Mine
—
31,300
>60,100
>;.v-
v.:/;;■>> ->> •:
Ltd——
298
/
22
Jan
23%
Jan
19
1,025
16% Mar
20 %
Jan
Golden-' Gate
23
Feb
Feb,
26% Feb
:
>
;8,70
Feb*
3.15 Mar
Jan
25c
9%c Mar
/
Feb
Feb
22c
r'Y
..
[1Z
"
58c
58c
630
32,000 >
29 Vac
35c
15,250-
63c
23
18c
»Mar
.'."4^
7.00 Mar,
2.50 Mar
•
31c
—
———
Golden Manitou Mines
Eagle
100
;
/)*/>■•'
61c-
65 c
Mines.
16c 16 %c
57C
•
6,000 >
5
39c
7
Mar
580,
:
88c
Janr
Feb
•:28c
15,200
■
Jan
Gold
•.
406
21c
12a
Gillies Lake-Porcupine Gold-.—
Glerora Gold
11 % Mar -
Mar-
18% Mar
: 6,429
7,40.
Mar
111
Jan
100
H;
"D" warrants.—
28%
10%
•.:....
19'4
.
10% Mar
110% Mar
-
;85:, 108 -Jan
75
100
18%
—1
i
>."h' V-*
.
Giant Yellowknife Gold Mines.-—-
Jan
23% Mar
Mar
Mar
,
9% Jan
.Jan.
.14c
10
29
30%
12
5540-
1.50
27
28%.i!
*
5.10 Mar
48%
Jan
.38
:
6
..
> 1.50
A
-
14 %c I6V2C
6
:
-
2,201
'
..1
I
890
Jan
-^5-;-•'• jan
Mar;
r'vl.00
v
'8,200-
*59.
Jan
Jan
> 10% Mar
,
Jan
'460.
Feb
9c
10
58%
Mar
.1*85 Jan
.
Mar *
<i 2.45 Mar
35
*
Jan
10,
Mar
*38c.
38,750
12
:
1
—
Jan
21'A Mar
1,735
V
26
>68
Jan
> 43% Mar
24%
Jan /
12
43 Va
jan
40%
;
95
>
/
305
15%
34
15%
»
36
Jan
59%
,
29
Jan
■>>;i5>'
Goldhawk
2—.Ll
21
Jan
|
22
Jan
17Va Feb,
15'■•-
'
Jan
18 %
1.05
16 Va
16
175
1.15
Feb
39%
Feb
165
170 * 175
107
1.05 Mar /
6.525
16%
5
>
1.35 Feb
-
13% Jan / >>/18>
35
150
Jan
>10
107
1
21
213/4
29
29
29%
105
;> Feb
3.943
h
107% 107 %
3.05
3.25
310
10
7,
1.500
1.60
1.65
1,500
2.50
> 2.42
2.60
>> 6.800
32c
35c
17.650
34c
37c
33c v
10
65c
1.55
10
65c
,
85c
1.55
1.65
1.25
20 %C
3.700
: 1.25
20c 22%c
475
•
22.900 ,•••;
> 16.827
1,710 >
23.800
7
Goldora Mines
37c
1,900
17,740
4.15
3.90
4.35
16
15%
> 16
100
65C
65c
67c
24.900
85c
70c
90c
38,700
8%
2.12
8%
100
2.41
2.41
200
2,10
2.25
5,800
17%
86
18
600
84
87
1,315
181
178
186
80
1.35
1.30
1.48
7,730
15
15
16
150
286
:
Jan
9c
-
Jan
Feb
87c / Feb
25c
Jan
16,200
30,900
■■
20c 20%c
61c
Goodyear Tire
*
&
Rubber
.*
common—
«
!
102
175
Mar
*
■
/
Lakes
102
2.80
24%
-
Feb
Jan
29 % Mar
Mar
107 % Mar
Feb
4.
.
1.50
Mar
2.35
Mar
Preferred
Feb
Greening
Grull
32c
3.00 Jan
Jan
44 %c
Mar
50c
105
55
55 %
50
24c
25,850
17c
20C
1.41
Mar
Mar
Jan
Jan
16
29c
Feb
26%
49%'
27/ 30%'
48% -53%
30
..;
53%
53
15% Jan
Gunnar
Gold
Mines
14
1
——
Ltd
> 48C
1
Gypsum Lime & Alabastlne....—...•
14
10
6V2
6%
19%cl9%c
*
——
Gold
500
47c L' 50c
5,500
,
15 Va
14%
Brass
preferred
Hamilton
Cotton
Jan
Harding
Hard
Harker Gold
Jan
;
10'/a
>
—*
__—
19%
13c
"
14
Mar
45c
10
10%
770
19 %
Rock
Harricana
——•
Gold
Mines
100
11%
1
57% Mar
:;>7-:
Jan
Mar:
1
Mines
Hasaga Mines
22c
1.95
:
18% Jan
11%
11
63,750
87c
14,200 ;
20c
28c-
20,733
2Qc
Mar;
1.952.01
<
.
11,475
42c
40c
42c
2.40
2.39
Jan
.2.55
1
49c
46c
50c
49,100
8c
4,000
22
1,270
19c
19c
-
21c
;"7,506
*
..
8%
Jan
Highwood
Scarcee
Feb
Hinde
Dauch—_—*
*
22
20%
Feb
Hollinger Consolidated Gold Mines;.—8
16
15%
16%
3.15
3.10
3.25
12,515
Home
16%
Jan
19
Jan
78
Jan
91%
Feb
156%
Jan
186
1.95
16
Homer
Oil
Yellowknife
Homestead
Mar
8c
•
Oil
&
Gas
Mar
Feb
*
1
...
L
-
28 %c
'
32c-
67,800
7%c
7c
7%c
3,000
Mar
35c
Mar
2.35 Mar
4
2,307
2.75
'
19c
6,800 >:
2.85
Oil.
1,24 Jan
.
3lc
>
> 1.90 Mar
„
12,800
&
'14% Jan
Jan
1,210
1.23
....!
Feb
>19% Feb
Mar
24c
1
Cadillac
Jan
12%
Mar
94c
22c
1
Heva
Jan
10c
>
f
1
Gold Mines
Jan
'.18c
'
>
Mar
Hedley Mascot
19% Mar
:
Mar
9V2
Feb
17% Feb
.
Mar
6c
22c*
23c
1
Gold
lie
Feb
60c
19% Mar
T ;:V:
Feb
23c
Mar
87c
88c
1
Mines—;
""
25
it
Jan
Mar
.14
24.200
—
8
57
5%
14,600
7c
19%
6c
12c
6c
J2c
*
Carpet
Feb
Jan
37c
—
/
1.90
35c
19%
1
-—1
—
Bridge
2.14
•
_—*
Halcrow Swayze Mines
Halliwell Gold Mines
Headway Red Lake Gold.
Jan
Feb
Jan
-
Jan
19 Vac Mar
1,625
16
\
Heath
1.20
Feb
•34
-
11% Jan
55
Jan
Mar
34
Jan
Jan
43
Jan
1.95
Feb
1,333
Jan
Jan
Jari
20c
-150
-
15
1.05
73/4 Mar
26c
■43
5.00
2.40
Jart
56'/^ Mar
285
18%
67 %c Mar
115
Jan
2:258
-
3.90 Mar
Mar
Mar
Jan
15c
2,0001,525
15 Va Mar
64c
Jan
81c
"
53
Saddleryi»comraoru--//A/^:
Wire
Jan
1.90
Mar
1.25
.
35c
12 %c Mar
99 % Mar
-
80
*
...1——*
53
Hamilton
Jan
20c
Jan
2.10 Feb
7% Jan
43c
—
Mar
7c
2.65 Jan
Mar
61c
102
29%
*
common
Jan
20c
--
—
Wihksne
Hahn
'30c
vtc
—^
1.30 Feb
107,. Mar
193/4 Mar
26
Paper
2.00
8,000
22o
•
,
Vtc preferred
Common: ——...
Jan
22c
1 :
Grandoro-Mines..
Jan
40 %c
55V?
-—-50
—
79e
Mar
52,500
20,200
74c
10c 11'/a 0
Graham Bousqdet
Jan
Mar
24c
10,825-
;>>•
66c
Mining
90c
50c
23,200
/
2.05- 2.20
20c
..
Mines
Goodflsh
Jan
:
36c
55c
25c
2.11
1.05
60c
-
<tt
Great West
213/8
98c
51c
25c
Jan
33
:.
240
99c
1
Mining...
Jan
>19% Jan
100
•
•
3.70
11%
>
267/s
100
common
footnotes
5
20,600
3.80
•
r.laati
24
3.596
•
Mining & Smelting
1.15
30c
/ 20,900
1.02
30% Feb
23Va Mar
111
:
1.10 M4r
r
27,800
2.70
26%
common
Jan
17%
5
Mines
Mines
50c
10c
2.50
.
Jan
173/4
I
Coniagas
Comaurum
;~fep
-
11%
Mining...
22%
200
37c
Plow
Jatt
20--.,Mar.
5c
445
//7' 10
.1
1
45c
Feb
Jan
10% Mar;
67,800
>"9c:.-
100
25
13 Ve
35
„
—T
47c
2.51
»—-*
/
20%
Chromium
Colomac
>
70
123/4
15 V.
.1
Citralam Malartic Mines
Cockshutt
7.344
23
22,725
Fra5er':eo.'s-£_^^.>——;
;
Mar
28:
18%
31,083
20%
_.
Wines.__l.__!
Wlllans
>.23% Mar
*
Feb
24
23% Mar
10,217
35c
7
Of: Canada
,Francoeur
199% Mar
94
13
Mines
Research
Cochenour
Jan
Jan
655
Feb
16%
Jan
109%
250
1.35
1
371
25
„
Mines
16
1.23
'
Feb
Jan
23.
43 Va
/~~>
Chemical
40% Mar
21%
1.62
Gold
Gai
£
"Feb
63
.1
...
27
Feb
50>
.
Feb
Jan
25'
Jan
-
21,
25
31c
1
> Preferred
»
Central Porcupine Mines
Chateau
14%
Jan
350
;
7%
Jan
17%
18 V4
Trethewey
Centremaque
9% Mar
84
106 V Jan
Jan
> 12% Mar
50
15%
10c :
Foundation Co-
Jan
36
203/4
;
/
25
■_>_
Central -Patricia
CO
Great
Utilities
Gold
Feb
:
23
22
100
Tire
Cariboo
'62
52
26
60
1.10
preferred™.
Canadian
18%
5; 30
Jan
V
23%
23%; 23%
—
Kirkland
Goldvue
.,100
,,
Canadian
Mar
Jan
20C
21'A
25
♦
——_
Canadian
82
17%
•
>•25% Feb
108 Mr Mar
>> 47%
21% />
23
43 Va
■>>'-
Malartic
preferred
New
Jan
Jan
178
Jan
//15 V:' Feb
4% Jart
v
...1
Fleury-Bissell
•Ford
Jan
9%
225
23%
62
—L—.—* "
Canadian Oils
Old
Jan
340
; "24
21V?
•
Canadian Locomotive
23%
Preferred
52% Mar
-33
-
39
Jan
Jan
104%
320
1.20
Golden Arrow Mines
A_-„*
Class' B
23
110% 110V4
j
Fleet Aircraft
Jan
-
94
20
! >.
Industrial
Canadian
vtft24%
-Feb
Mar,
'
—_L—————1*
,
22%
'
3.30 Feb
>
20
51%
22
—.—.100
—
A :
'
199-199
16% f
•
'
.
51c
195
>
--
26
Canadian Food Products common....*
Vs
Class- • B-
Federal
Jan
310
20
5C
23
—:
$1.75 preferred
Class
*
5%
22
>
common-
23
Mar
11
!
5,345
1.10
Famous Players new common
Fanny Farmer Candy Shops
Grain common—,
Mat
*'I.V-j
Jan
~.gi
325
40%
15c
•
15 V«
35c
Federal
Feb
44c
44c
75
Feb
1.060 >> 14%. Jan
11%
10%
19
20
_
I
102 Va
30
20
22%
21 m
/
>L
Celanese
Canadian
6V4
•
135
23%
•
common
—
Canadian Dredge
Mar
V.''
'• '
2.40
80'
55Mi
90
10
preferred
Canadian
aio
'Jf7
90 4
7
i
> 2.95
Mar
9,000
28
15%
> 45
-13
.
'2,995
793/8
Mar
32c
V
Jan
31% Jan
275
-15
1
Gold
Goldcrest
Canners
Class- A
35c
2.70,
19
•
.
48-48
1.23
:
Falconbridge Nickel
'i
Jan
15
2.10 Ma*
7
17.975
26 Va
>
Canadian7 Car & Fdry common——*
•
Mar
28c
500
7,090
36cv
39'A
•/
preferred
32c
50%
.
Canadian
:
>
-
OUi—
Preferred
2.35
"32%- Feb
Jan
113
2lVe Feb
20
1.10
General Steel Wares commons.—
Rights
>
11
657
94c: Jan
>7%
100
'
50
Bank
Jan
16%.
19'/a
corfimnn/* p
:
Canadian Breweries common..
,
/•
100 K
B.
Canadian
26,4
52 %
11
...»
Wire class A
Class
Feb
25 Va
%~
53
___*
...
Mortgage.,
Steamship
.
Preferred
22%
.,
Jan
242
8 Mi -'8%
■17%.
•
—_l>
Permanent
Cahada
15
23
12%
793/i,
_*
>/■ 9c- Feb
Jan
-
/
Feb
Jan
34% Mar
Jan
13
108 Va 108 Va
>
i
Power..,
Packers
-
'8 Vi*
50
——
Canada
Class
4c
245
32c
__ioo
Canada Cement
common—__—.
Canada Foundry class A
Canada
,23% Jan
905
6.500
.
13%
2.55
2.60
105% 105%
-:-
1.90 Jan
,
10
/
.
English Electric class A
'1
fiV
Class A
Canada
:
Feb
Mar
24 Va
50
1
Eldona. Gold. Mines.
Feb
32q
33C
1
Elder
Jan
97c
10 %c
>
Mar
13% Jan
,
25
22%
—1
East Sullivan Mines
Eastern Steel new common—
Feb
Mar
32c
33c
%
r—
Campbell Red Lake;
103/4
6.10 Jan
.
Jan
Mar
2.15
_• *
_
Flon___
72c
.
28c
11%
r. 32c
621
11
-
.1.58 Feb
36c
22%
1
Mar
1.20 Jam
7.000
42o
''v
" ;
Mining Co
East Malartic Mines
y
13
12%
60
11,
Mines
East: Crest
.
Jan
49.800
■;>
31 •::..33Z
7c
6%c
•
Calder Bousquet Gold
55c
.
55c
Feb
26% Mar
882
21%
*
East Araphi Gold Mines
31% Feb
6
*
Jan
■
Mar
23,200
13%
•
Jan
3% Mar
Feb
3.05
77c
51% Mar
35c
825
:>
7c
•
;
Calmont Oils
Donalda
Jan
28C > 34c
33
•
B
Caiman
v':>:>•;>v>
Duquesne
Jan
Feb
16%
Feb
91V*
,
1,415*,
*
32%4 33 '/a
21%"
common^^i.iiL*
Puvay Gold Mines.—,——
:
20,800
!/
775 >
10.10%.
237/a
14% Feb
.
>/ 31%
1.45
100
10
.——100
28%
Mar^
;
36c
30c
36C ;V
•
Calgary & Edmonton
Jan
28
100
7.80
_•
Steel
class
30%
V
20 %c Jan
Jan
"Jan
1.85
,
4,800
28
■
common
—
38
118.100
59c
7.50
>
1.40
7.50
•
Products
Co
Dominion Tar '& Chemical
VTC —-_uw—
JPreference
Dominion Woollens
Feb
Feb
v.--<
Jan
13
320
3%
1.25
56c
100
28%
*
25% Mar
235
30%
36c
.
1.25
-1
/
3%
;
'
v
Mines
Bunker. Hill
Burns
273/4
3
Jan
Vz
5c
25,300
89c
27%
"33
—*
..25
Jan
>25% Mar
1,500
30
77
43c
•:»
Burlington
17 Va
26% Mar
415
■
50
.
96
87c
•
—
18% Feb
Mar
12'A Mar
> 13' 13%
49
Red Lake Mines...
Building
16
.2,120
v.
26%
•
>
Jan
25%
|
'
26%
*■::
Feb
39c
49%
30%
common-
Buffalo Ankerite Gold Mines
Buffalo Canadian Gold Mines...
Buffalo
Mar
Mar
12%
15c
6,500
1.62
*
27%
:
'
•
Packers
Gold
20c
21c
26%
7
6C,
1.50
•141;| 14
1
1.000
16%
26%
7,400 /
28%
..10
.—*
Jan
4,000
26
i
#
50c
Mar
21c
'
com
2.70
870
—*
Dominion
Feb
3Qc
23c
12%
/
14
99 Vz
.100
210
17%
29
115
5C
1.15
;
216
*25
25
British Dominion Oil
Broulan Porcupine
Mines, Ltd
Buffadlson
31c
^
Columbia Power class A
Class
13,000
Oil
Columbia
British
34C
*
Brazilian Traction Light & Fwr
& Distillers
American
31c
Jan
21c
,
•
Brewers
British
25,900
i,_V
Bralorne
British
24c
32c
1
Bonville Gold Mines
22 Vac
165
15%
1
-
>
Feb
23c
2,000
31%
1.56
,.,1
Bobjo Mines Ltd
Bonetal Gold Mines
15c
,31
Feb
55
1.65 Jan
1%%
''J.
Feb
20
.
1
Dome
Jan
Jan
Feb
1.67 Jan
•
'
Mines
Jan
.
86c
15c
Jan
45c
65c. Mar
29 %c Mar
Jan
2.30
Lake
Mining
■
Mar
"700
;
86c
1.35
11,300
Jan
?,. 1.45
Mar
97c
6c
-Feb
70c"Feb
43 Va
15%
Seagrams
:
60c
150
.
2%
Mar
15 %
•.
Mar..;,
;V
Mar
200;
Mar >
1.00
7,625
Distillers
Diversified
91c
.
Jan
181
715
Feb
22,850
19,650
50
31%
A.
High
32
Jan
Mar
89c
....
class
Red
Feb
1.76
45
'
28%
50c
2%"
B
Dickenson
39% Mar
.
90C
Denison Nickel Mines
-v.
Jan
.45c•
323
14
f.
50
.,
'•>
77C
*
Mar
Jan
Jan
Low
175
5,750
G8c
1
Range Since January 1
s
1.59
50
-
Delnite Mines
Jan
-
Class
Jan
7%
1.36
Petroleum
Davis Leather
22
1.64
'
1.15
Davles
•
Jan
>'
•
60c
1.40
♦
27C
■
•
.,1.11 Mar
;,.;> 5%
171,200
30 %c
—1
common
Mar
39
1.00
>
Mar>/ /> 34% .Feb
Feb
31
199
•
Jan
95
12 %c 14 %o
Cub Aircraft .V-—
V
100
194%
;
14c
1
_
Bidgood Kirkland Gold
Ribbon
196
17 >
Jan
Jan
2,450
,
...1
Mar
44
91o
;
,
.100
35
39
.
58c
"
Mar
44
68c
50c
Shares
High
1.44
Pershing Mines—
Crow's Nest Pass Coal.A*
Crowshore Patricia Gold.
27
39
84c
Mines
1.45
55o
:
dales
for Week
30%
G2c
Uroinor
24c
19
,
—T
Feb
Mar-
32%
47,160
44
i-i--
Berens River Mines
Bevcourt
1.25
ton)
30%
,
—
Mining™.
*■
of Prices
*
Feb
7.25
Jan
19 %c
55
*
Bell Telephone of Canada..
Blue
1.38
•
6
1.11
1.13
1
A
Class B
6
Cournor
Week'a
'.'.Rang*
v
Crestaurum Mines
58c
20
»
6
_
21
Imperial Mills.
Feb
Mar
33 Vz Mar
30
.
Friday
Sale Price
Mar
75e
1.55
Ja®
Cosmos
Jan
15c
33,300
21
*
„
.
.
>
Par
21%
16
34%
21c 22 %c
>
Jan
27c
35,075
35
34'A
22c
STOCKS—
Feb
>7 55c
:•
Mar > >
4.50
>285
•
..
:
High
49c
Mar
60c
5,383
25
.
Scotia
Base Metals
B
>7
Jan
>■1.18
6,440
32c
15
Bathurst Power class A
Class
35C
1.15:
—10
Toronto
9,800
40c
5.70
Consolidated Mines
Nova
32c
1.18
1
of
>
35,700
60c
.:
Mines
Bank
•/•>'
/v
Low
39c
38c
62c
-
1
Montreal
22
i$00-r
High
35c
40c
1
Mines
Bankfield
Bank
35c
1
Ltd
Aumaque Gold Mines
Aunor
Low
1
Yellowknife
Aubelle
MARCH
Range Since January 1
'
Mines
ENDING
for Week
Sale Prlee
LISTED MARKETS
WEEK
Sales
Friday
STOCKS—
Monday, March 25, 1946
I
45c
Mar
.
Jan
.2.70
Jan
30c'
•;
Jan
>,69c
7
Jan
35c
Jan
/; 3.60 Jan
63c
Jan
Jan'
....
Mar
I4V2C
20 V2 Mar
23 %
15
.
19%
Feb
4.40
Jan
8c
Jan
3.05 Mar
20c
Mar
,6%c Mar
Jan
35c
Jan
10c
Jan
Hosco Gold Mines
.1
53 %c
53c
56c
22,500
50c
Mar
74c
Jan
Howey Gold Mines.
.1
52c
47c
52c
12,300
44c
Jan
73c
Feb
>
Volume
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4475
163
LISTED MARKETS
CANADIAN
J-
Weefc'r
"-•"Friday y
Last
STOCKS—
Range
Sale Price
of Prices
Last
for/Week
■';•> Shares
Range Since January 1
/.'!>.-y'-'i!''/ >:>!; Par ;
'- Class
.
B
20%
■
High ;•!>
16c
2Cc
40(4
40 (4
\
*
.19
16c
19l/4A
30c
31
40
May
95
Jan
Feb.
Jan
Pacalta
Mar
Pacific
19 xk
Imperial Bank
> Imperial
—J
10
Jan
30
y 26 t:
;
Oil
15
Imperial Tobacco of Canada ordinary_5
-J;;i Pi*eferrfed;i--—
■
16
*'•
Lake—W:i£.I
Indian Red
9(4
/:
-
International Metals
Preferred
class
30
———100
——
International Nickel Co
105
—*
41'4
common.
International
Petroleum..
International
Uranium
•
.*
29»/2
Mining.,.^——1
y,
'..•'
.v
,v':-
•
v
.
>*• v'V.;
>
:
2.00
40
22
'
1.23
y Jellicoe
J
M
20.100
22c
34c
4.300
30c
Joliet
Quebec
'
4 23C
—.
Kirkland
Lak6
Labatt
(John)
1.84
2.20
1
;.--
2.40
35c
23,100
!
—
25%
....
Exploration
&
Lake
Fortune
Shore
L&
y
Luz
Gold
24%
7.10
7.10
,
.
1.01
1.08
20.100
13 %c
15c
21%'
21%
22%
7.0U
JSI*.
M
MM.4 ii» j£*»:
7.00
550
y 21
14c 19 %c
Lapa Cadillac
Lapaska Mines
decora
Oro
y Legare
580
20%
49c
22
23
4%c
4Vac
5%c
25%
Mines
1.38
...............
preferred
3.90
4.10
9,043
6.60
7.00-
2,350
5,500
Feb
1.15
Feb
Jan
Mines
—
—
Co.....
■—
—
Feb
Jan
Pressed
1.06
iy
Metals—
45c
Mar
Feb
Mar
35c
Jan
Jari
29c
Feb
6%c Jan
lie
Jah
17c
.
19c
,
C
:
1.05
Preston
—x
Dome Mines.
East
15
2.30
Mines—i.
1.25
2.52
27%
Purity
,—
40c
Mar
2.60
7.70 Mar
75c
1.06 Mar
360.
13
•
1.65
1.46
3.35
Feb
17
Jan
22%
Jan
3.45
Jan
55c
2,600
49c
Mar
72c
18c
500
160
Mar
22 %c
425
11
200
I
14,390
13 ^
52%
1.91
.
1.98
2.67 Mar
Jan
51
200
Jan
Feb
V» y
70c
Feb
Feb
•
•
5,800
72c ; ;
Feb.
;
9,000
1.01
15%
17%
;
69c
2.00 Mar
Mar ;
1.00
Mar
1.25
Jan
15% Mar
23%
Jan
#86c
y 13,457
182
7% y7% •>
A*
:20c
!■■•;
Silk class A
Jan
1
68c
?5
11.100
7 (4 c
25% Mar
1.44
.;
Mar
30c
3,200
y 6,100
70c
7%
Feb
!"' Feb
Mar
18c
62c
Feb
76c
Jan
38
Mar
Feb
10
Mar
60
•
25%
V;v:
Preferred
.;
Jan V
•
common—I—:...
Robertson (P L)-
34
10
10
46
4ff
y ■:i
46
8%
■S0f-10
140 ;
42
48% < y„yy 11
15c :
9,000
48%
14c
l4c
1
30c
27c
30C
1
45C
45c
51c
•
—XO
X.35
24
1
42C
1
Feb
Feb
'
y;' '"
—....
Roche Long Lam—
Rochette Gold Mines—......
Mar;
■.
4
Jan
40c
,
7%c Jan
y
27,800
37
37
v
Si—$4
....
'.
65c
y y ..'y;
yri—^
,j
32C
12c
v.
—.
30 c
Jan
24*:■'(
Mines
Class By—y,
Jan
70c
Jan
1
Gold
Riverside
Mar
.,
Jan
25%
Jan
1.70
Jan,
5%
!
,
2,100
14c
30c
1
Regcourt Gold Mines—
34c
30c
30c
Reno Gold
Richmac
4
Feb
Feb
53
1.401 Jari
7,000
; 97c
16%
—.—
—
70c
y
98c
—1
...
ReeVes-Macdonald
y 22
4 (4 c Mar
Jan
14% Mar
Jan-
8.75
Jan
:
:
2.40
2.80
*
"1>1
1
Quinte Milk Products.'—.1-..:—
8 .00
Jan
17%
.,
Mar
*
Jan
26%
Jan
18c
V i2%y;- 12%.
—;•
Manitou
Queenston Gold Mines
Queincnt Mining
19c
Jari
1.75
51c
51%
Quebec Goldi-——«!—-i—-
Jan
ll-'
Jan
33
Jan
2,500
.
Jan
52c
29% Feb
2.67
y
55c
y_.—.yyyy—
Quebec
Mar
8,000
Jan
Feb
Mar
17%
vV- ;
Flour Mills common——— ..xo
preferred
Jan
55c
~
Feb
,
17%
;
2.70
y
Mica
Jan
28
Jan
Feb
47c
4.95
-
-y 2.90 Feb
Jan
Jan
Jan
1.95
8,700. .: .1.00 Mar
,.
15
.
.
6
45c
8,400
1.22 y
13%
IIIX
Purely
!! 17% Feb
'
•
Prospectors Airways
Jan
37c
y
Feb
40c
1.43 Mar
10,000
1,460
Jan :
!• 2.25 Feb
:
Feb
Jan
46c
:
3.85 Mar
33
1.05
:
;
50c
2.55
:
17%
.....
50c
y
,
;.y
•
•
Ftemier Gold Mining Co..———
9c
:
26s
41c
I
1
Gold————
,; v Voting trust certificates———
Power Corporation ..
.
65c
14c
505
Jan
36c
1.20 '
:i 41c
•
35c
36c
Rouyn
-> 19(4
89.000
66,000
53c
23
Candy—
6,700
Gold Mines— ......X
Powell
Mar
19
38c
!':
.
,
30%,
•
•
Lang & Sons
Jan*
33
Feb
7.80
24%
1.54
25%
■41C
ify-v:-.yv;/ly
Lebel
& Electrotypers—
Porcupine
21c
20% Mar
6.35 Jan
3,850
8.10
-
M.
Lamaque Gold Mines.
Laura
»;
..-,.1
V
Jan
12c
2.280
6.70
8.00
,
Mar
River
1.01 Mary
6,000
Jan
24c
1.50
Powell
'
1.03
76c
11,000
4,600
110
25c
•
Porcupine Reef Gold Mines.——. —1
7.00 Mar
8.580-
31,230
27c'
83c.
25c
1.50
—i
9c
Jan
21
-
86c
86c
—1 .y
Jan
1.70 Jan
2.00
4,500
^
8c
Feb
27 %c Mar y
1.150
25%
-7.50
13ViC
Mines
Mines-, Ltd..
Mines —Lfc
40a
9c
V
w^.V-y
40c
Jan
15
11,550
27 %c
27 y2 c
5,975
v
38,500
•40c
;
V
13,700
25C
2.30
>
Lake Dufault Mines Ltd..
Lake
6,000
23c
22c
31c
Jan
2.85
19c
Porcupine Peninsular
Mar
23c
•
16(4
~w<»:••«■.
Labrador Mining
••'
.
1.90 Mar
20c
,
1.90
Jap
1.01
211,933
24c
,
1'
—
8,700
35
11,933
Jan
-
Feb
1.65
Jan
36c;
—.
Mines...—-i
2.10
Mar
25
23c
1
—
85c
330
32%.
33c
6.60
y
High
2.56
34o
...1
3.90
Jan-
6c
15%
16
Townslte..':N- "'v/' 'ycf---lia--'"
f ?'■''
;
1.93
1
Jan
yl2c
1.75
Kirkland
-"f-'■.'
1.43 ;
1.20
,
Kerr-Addison Gold Mine?—
•
2.00
•
Mining
y Kirkland Hudson
-.4;:?V-y
5.717
?'
Gold Mines
ban
1
Jan
40c
2,114
Mines
Kayrand
;
18c
32
1
5%c Jan
13,050
7%c Jan
11,100
85c
Pioneer Gold Mines of B C——
27%
Mar
30c
3,500
Consolidated
ySl'V-VlVv''i''
Feb
10,600
IOC
12c
Ltd—,...
Gold Mines——.
Gold
Picadilly
Feb
31c
Jason Mines
.
47
22c
...
Jacola Mines.
■
106
Mar
1.92
1,200
•
12c
1.00
Low
1.25 Mar
Jan
32%
1.20 Mar
-
14.200
v
Mar^
1,00
'"':«;,v.Vvv.
7
Jacknife Gold Mines!.—
y Jack Waite
;
..
36c
Gold———..
Photo Engravers
Mar'
40
Jan
y 21
Mar
32(4
Mines
Pickle-Crow Gold
1.40
;2.15
Perron
Mar
39
41% yy
2.551
22%
32,047
2.00
,
Pen-Ray
Jan
Mar
102%
105.105 y2
1.27
ir Island Mountain Mines-—-^.—500
>
y
Jan
Feb
1.65
Jan
•
15c
imW
Paymaster Cons Mines Ltd....^
80 c
29% Mar
A
54,200
69,100
...1
—
——
partanen Maiartic
14
Jan
1.10 Mar
—
25c
•
Maiartic
Parbec
•*:
Mar y
46c
Inglis (John)———
—:
6
Inspiration Mln '& Devel
I
International Coal & Coke—I
,
1.57
15C
—
—
(new).—
Porcupine Mines
Paramaque
Jan
y 9%
7% Mar
High
1.25
Jan
Jan
]
Low
.1.42
Oils
Petroleum
Hersey
Pandora Cadillac
Feb-
,
17% Jan
Mar J
-
13 Vs
Page
Feb
Pamour
•
Range Since January 1
•
■
48
Jan y
17
514
Par
Jan
105-
*
?;
yy
Jan
48
Mar
15
15
-
.
y."*'y:■•!1, y^'V0■
■Osisko '-Lake ;..!—^-.y.————
Feb
45 V\
■
,
Shares
18c
High
]
Jan
74
V5
104-105'
preferred—w———————100
37%
:
:-9,900
40'/r 40'A'
J'
yui—100
commons-
Low
■■;>y:!:,
'42%,.' "1.515
»
———
Huron'& Erie
41%
—1
Hunts Ltd class A~
-
Low
?'■
for Week
Range
of Prices
Sale Price
!
8TOCKS—
Sales
Week's
Friday
Sale*
;■
Hudson- Bay Mining & Smelting
■V Hugh, Maiartic Mines—I———:
&
FOR WEEK ENDING MARCH
RANGE
-
~
;
Jan
46
'48%
Feb
49%
12,100
24C
Mar-;,
20,100
28,175
45C
Mar
80c
Jan
20
Jan
yy
Jan
Jan
64c
;.
Mar.
Feb
22c
38c
Jan
.
14C
Jan
,
Leitch
Gold
Lexinden
Mijies. Ltd.
Gold
26c
Little Long Lac Gold Mines Ltd.
Loblaw Groceterias class A
Class VB"
2.90
2.70
2.90
31%
29
Gold
Macassa
Red Lake Gold
4.10
<4.10
■■
•-
V
f■ •
ji,*'y
./
' ';y;".ij1' ■"?^
8,200
3.30
y
3i75
Feb
v-
5.45
Jan
•V.":
Feb
Feb
Sicks', Brewery
98c
2.20
Jan
30c
Feb
y 46c
Mar
12,400
22c
Mar!
45c
Jan
*
18
630
Segura
8c
Mclntyre Porcupine Mines.
—•
...l..
Mines...
1.35
1
33c
■ i:'.
Lake Gold.
33C
Gold Mines...—
McWatters
29c
Mercury Mills
Preferred
• '
25
1
8%c
Jan
South
673
8s Gas.
12 %C
12%c*
14c
12c
3,025
Jan
Jan
End
1———
Model Oils
20c
Modern Containers common-.—
-;-'49\
Monarch, Knitting. new^-.-.i...—.
Preferred
Moceta
17c
•, v'
fry
y
^Preferred'
66c
24%
24
73
.24%
16
30
f
74
,
!
22%
.
—
National Steel Car..—
27
2.56
—.
26
77%
15% Mar'
24
New; Bidlamaque
New
Nib
Calumet Mines
•• mm — «a
mmmmwm
-"
n»«i* •
11
20 %c
/Yellowknife —..—
Nicholson
Mines
,
—
Noranda Mines
Norbenite
66%
Malkrtic Mines
Minesi——L.
45:
Norgold
Normetal Mining Corp Ltd—^
13
29
.100
29
25
25(4
Inca
"
Northland
Northern
970 -1.05
15,800
98c
76c
76c
82c
Mines
26%
8c
19
y
Mar
Mar
2,516
67
78c
12c
,
70o
;
85c
-
30c
.
1.10
6363c
Jan '
6(4
-
8% :
-
1.03
>
-
-
y
-
V
! 12c
45c
y 22c
Omnitr.ans
Ontario
Exploration
Orange Crush
Preferred.
Orenada
Gold
^
-.L.'—i-50
1
Loan
1
1
common-:.—
«*;
8
20
.
8%
!y 21
-'Preferred,
21
Jan
72%
Mar
1.05
•
7%
96c
1.03
35,300
59
54
59
Feb
1.60
.
120
7%«
•
Feb
1.48 Jan
Jan
:
16(4
9%
85c
Jan
* Jan
8%
1.29
Jan
48%
J
24
Jan
Feb
Feb
103
7, Jan
y 18% Jan
6% Jan
235
Co
of
Canada
?.
common
84"
85
85
.!
*
•
87
89
27 %c
29c
3.10
3.90
76,085
34c
380
4,000
27,000
S
59
Jan
Feb
80
85
>
Jan
3.00
Feb
Mar
40c
27 %c Mar
7,800
Mar
89
78% Jan
500
y 155
89
28c
3.40
'-Preferred ——w—...1—^,-25.
Sullivan
Contact
16c 18 %c
—
Inlet Consol Gold——
2.75
2.95
80c
'98c
3.35
1
Mines
Cons
V
3.75
(
Sylvanite Gold Mines
(G)
common
1.45
Jan
y33c
Mar
10c
Jan
2.70 Jan
14,170
48c
66,075
,
!
15c
Jan
■
Mar'
Feb
4.45 Jan
y
45c
!
Jan
20c
.
Jan
3.25
Jan
Jan
1.02
,
23 %
1
4.65
•
58c
61c
80c
i 88c
——
Feb ">
Mar
'
Mar
Feb
'
:
•
15
>'
f:
5,595 :
>
12,500
52c
Elevators
33c
Jan
Toronto
Iron
1.40
Feb
2.50
Feb
7%
Feb
8%
Jan
yy>5% Jan
2.65 Mar
28c
30c
y 3,000
22c
25c
75,500
115% 115%
10
15, : 15
.y', so
25c
10,200
y 14
,-
100.
- ■
Mar
25
-
28,300
73c
Mar
y
5.35
79c
Mar
20
Mar
54% Mar
Jan
y
20
20
155
2.00
300
41%
41%
20
36
12%
—
TOronto
Jan
200
4;65 Mar
r
12%
100
y 11%
12
12%
1.95
...
.....
common-.——.
'Class A:.-.—
—*
;
•:
Feb
Jan
1.00 Feb
y
22% Jan
j
46% Feb
2.40 Feb
Feb
y
Toronto
Mortgage
Towagmac Exploration
120 "
2
30c
—....100
1
.
33c
6% Mar
3.85
103%
Finance preferred—
Jan
Twin
y
Transcontinental Resources
Jan
•37c
1.35
18
•22o
Jan
43o
Jan
30c
Jan
—•
9%
—1
27c
12 Va
120
Feb
y 39c
Feb
104
103
15%
105
Jan
Feb
1.80 Jan
1.21 Mar
12,800
Feb
Mar
20%
Feb
12
Jan
Jan
Feb
22o
12% Mar
v
y!
Jan
26c
^"20:!
104
1.25
17%
*
City Rapid Transit common
Jan
104%
2,800
,
Jan
11% Mar
1,310
120
•
u———......yy.-*
"
450
1.94 Feb
,
y
53% Mar
2.00
Tip Top Tailors.
Mar
2.10
>
2.85.y y 17,635
6%
2i% Jan
720
•; 4.10 Feb
Jan
85c
;
53%
Thurbois Mines
22c
-
...
1.40 Jaii
5,200
y
53%
4.90
Preferred
3.35 Jan
Jan
2.0a Feb
-
.
4,600
1.50
23
*!
50
—-
Thompson-Lund Mark Gold Mi aes
.
Jan
112
Jan
.14% Jan
y 14 "
Mar
115(4 Mar !"
17
•
Jan
15
Union
Gas Co!
Union Mining
—
United Corp class A—
Class B
—.——
—...y——
io;
10,900
31c
Mar
57c
Jan
Mines....i—u—J—-1
52c
56c
29,600
48c
Mar"
71c
Feb
9(4 Mar.
2,049
8,265
24
45c
Jan
Jan
31%
Feb
380
33c :
26%
24
Jan
29
Feb
285
31
40% Jan
6
tJaii
.y 45
31%
25 !
Feb
36c
20
1.00
530
7%
—
Taku River Gold Mines—.y..-^.-
31c
1606.
Jan
Mar
1.15 Mar
-835
v
1.00
Radio
Tamblyn
Mines...—.1
For footnotes see page
Jan
10c
Jan
Traders
2.65
14
Orlac Red Lake
27%
18
•
Omega Gold Mines———....
Feb
1.12 Jan
!
Mar
Steeloy Mining Corp.^—.............
Feb
1.03 Mar
'100
25c 27 %c
O'Leary Maiartic Mines—
Feb
Mar
10
8%
common..
Feb
5.65
y: 11c I Feb
170,290
28,500
5,800
;
2.20
■■£■
6c
:
1.40 Jan
'Jan
100
! 10%
11%
102% 102%
———,
Paving
Jan
y 29c
"
3.70
2.190
5,300
2,000
%
13c
y 1.03.
y; 2.20
'W-S
2.70
Gold Mines———.——-JI
Feb
30
-"'4
Jan
45o
25
.
,
60
8te6l
3.25 Mar5
19c
17,600 j
4.25
8
•Preferred
O'Brien
k
Feb
11 (4
5% preferred
Sudbury
20c
"23c
12c
:
v
91c
-
190 >
19%
;
.29
4,750
_—_—
Jan v.
23,100
21c
21c
38,255
.
Jan
Jan
48,600
1.03
Mar;
-Feb
108
9,000
19%
29%
'
.'95c
27c
Empire Mines_.y„—di.
North Star Oil—-.^.4—:—i————.
17
14.
y 13
" jan
24
180
8c
Jan
Jan
1.60
12C.
Canada Mines •———wL._
27% Jan
45,100
26%
.....
Jan
60c
22c
Northern
Mar
Mar
17% Feb
101% Jan
585
26%
v
13,449
1.40
<
y
175
■
120
Sturgeon River Gold—1—.... .1
82c
75c
77c
y
Feb
11,999
2,935
Jan
22c
Mines-—-—
10
107(4 107%
107%
.1
Petroleum
Toburn Gold
North
Jan
48
Jan
y 13% Jan
! 13
Jan'
29
25(4
Feb
60c
1.44
Mines:
Norseman
;
16
13
30
Mar
ll%c
■
Jan
2.08
3.65, Jan
46
14% Jan
16
Feb J
40c
64%
.
75c
70c
:7
Jan
18,700
19c
.
4.00
35%
14%
1.15
!
Feb!
55c
4.00
V
23o
;
43%
Teck-Hughes Gold Mines yi—
Nipissitig Mines \
1.63 Jan
26% Mar
;
j
37% Jan
-
43
11-11
18
80c
80d
1.45 Mar
1.66 Jan
v
1.50
72,635
,
44,
"
28 %
2,000
64,528
Stedman Brothers..^—
Feb
45c
Jan
365
Feb
Jan
<*;
1
,
Jan
47c
54,425
y
1.98
1.25
Standard
Feb
Jan
Jan
43c
.
60C
•1.70
yi.77~
1,00
Surf
43c
51c
•;
Starratt, Olson Co^—.
Feb
70
1,300
2.93
V
65,600 i ;:y;; 94c Mar
21% Jan
- 280
1.15
>
Feb
91c
Mar
150 ?
29
•
25
.Mar
.
14c
Mar $ :>;>• 51c; :Feb
1.05
*
14% Mar
31cr
-
14,100
.
1.15
;;
steep Rock Iron Mines—
common..—...
98c
6
.....r
155 g Mar
Jan
61c
30c
Standard Chemical common
%c Jan
42
;
Mar
'!.!;',10
.
Jan
14%
Sturgeon
Standard
25
Feb
,
9.220 ;
16
30,
138
1.212
475 ;•
r
36c
11
45
Jan
■'
1.25
Jan
,<:?■~ cr.r^'.-: ■?;:
y;!:
Negus Mines
1.000
70c
:
Feb
38
110
40
31c
7331c
Lac—
Grocers*
National
•
1
'8
17,300
.
Stadacona Mines
Jan;
12%
20cyMkrr
1,600
13rl3% V
154154% v
66c
Montreal Light Heat & Power—..
Moore Corp common.—.
23c
40
13%
Porcupine
Mosher Long
20c
106
4.75 Mar
——.~.
Springer
Mar;
\''';y;!' y ''
.
Jan
:
Feb
21.
Mar
9
19,500
■:
9.75 10%c
9.85
—
50c
36c s
:
.
:>
35C
1.62
51c
Slater (N) Co
Jan!
4,950
,
24%
'•
~
1.80
Maiartic Mines.
Bladen
Jan
Mar
5.10
Feb
Mar
17%
:yy 885"-.'
9%
-
30C
common—
;
Siscoe Gold Mines—
77
25 %c Mar
14,700 '
Jan
■
10c
■
'
—50c
Mines—— «iL.xyv
Gold
new
>v! 1.75
30c
22.000
33c
21
—
Mid-Continental Oil
Mining Corp
31c
26 %c 29%c
104
! 12,000
i.do
i
';w
Southern Co
McMarmae Red
25C
y t1
•
ii
—
Simpsons Ltd class A new.
Class B new
;..Ji
5(40 Mar
2,000
6%C
Mar
59
Mar
Feb
Feb
f 14c
,
Jan
.
'
106% Mar
Mar
Jan
62C'
'
■
Jan
15c
:
13c
Silyerwoods ;Lt4; liewy: preferred
1.23 Mafy
68
13,275
''
12c
12c
Silverwoods
!
y: -.-y i ■
20
Mar
8c
■
6c
4.90
Silknifc Ltd -commonyLL-i..-*—
Dairies new common.
;
35%: Jand
,.?-v,
v'Vylv
16(4 Jan
104% Jan
x
485
1.48
Feb
•;
1,600
8c
69%" 70%
1
27%
y 19%
Jan
PX
55
106 106 %
Jan:
14%
2.310
•^1,415'
17
Jan
5
' ::iy-9
.■ Voting
trust
Sigma Mines
'
44
8,843
106
Mar
Feb
Jan
15.300
1.23
29%
McColl Frontenao OlU«.
7 ' Preferred
12%
Sherritt-Gordon
17'
'
preferred
Mar.
15 %c
14
235
18c
Feb
25
19% Mar
42c
:
"
•
10c ! Jan
17%
17%
-
Jan
11%
y
57%
•
'
"
,
Shawinigan
.Shawkey
Sheep Creek——.—
5%c Jan i
51
56
,
9(4
,.y—.—X
Gold::.
*f -'
'^yT-.y-'.'V.' '*
Benator Rouyn, LtcL-.*—.*_;
f 3.75 Jan
Jan
980
12,100
>25
'
>
Jan,
95c
20
44c
15c
y
y
,980
42c
4.95
Sannorm Mines
Mar
.
19%
•:
I
San Antonio Gold Mines Ltd———.!
39,600 j5
1.10
17
McLellan
Sand River
4e
11c
10c
27c
Lake
Jan
2.90 Mar
15 '
14%
23c
Red
7,50
1.57 Ma£
'
;
<
106
57%
Saginaw Power preferred———.-100 ;'
ml
St Lawrence corpl Common—.
n.
3.10 Mar
24%
*
V • yv;;: /■
yyyy,;;y y
5,00 Jan
65c
11%
11%
.■
A
49
Martln-McNeely Mines
Massey-ttarris common......^..^....*
McKenzie
Feb
y:?:
4.00 Mar
r
9,100
35 %c
McDougall
45c
Mar
Mar
•
1.42
24
;jy:—yy
V'
——
2.80 Mar
.
51
! Marlon Rouyn .Gold..J4M..44«.MM.T
::-:y
83c
...xo
—
Ryanor Mining
Jan
1.30
■'
20
....
-
Lake Gold Mine...
Rush
Russell Industries common
1.70
y 3:95 Mar
37,100
4 V2C
Royalite Oil
\ -
common...—
Maple Leaf Milling Co common
Maralgo Gold—.......—..—......._
Marcus,Gold.-.—
.
17.700
75c
4C
\
Maple Leaf Garden
:v Preferred.
4.35
2.93
—-
Manitoba & Eastern
.
13.081
66c
Mines...
Magnet! Consolidated Gold...
Maiartic Gold Fields.
18.440
3.15K
32c
Royal Bank
Feb
40
Jan '
—
Roxana Oils Co..—.—
y 3.45 Jan
32-y Feb:
;.y 42c " Feb; f
9,305
4.354
Feb
1.35 Mar
4,300
2.80
.vlacLeod-CocKsnutt Gold MineB.—.
41c
4.30
3.95
4.00
26%
248,600
,
•
Jan
Rouyn Merger Gold Mines
Jan
y 1.46
2.55 Mar
27%
-
205
33c
Mines
MacDonald
.
83c
:
17.200
;
4.10
_
Madsen
1.60
61c
Gold Mines
29%
1.48
Lundward
M
427
Jan
'37c
Jan
1:03 Mar
23.090
30
Goldfields
Yellowknife
35.500
31*%
...1..........
Louvicourt
Lynx
1.17
1.55
Feb
20c
4,300
1,03
Lingmah Lake Gold Mines..—...
35c
1.35
27c
•
Mar
-
United Fuel class "A"——.
Class
B_._——...—.....
6%
6%
,
150
:
THE COMMERCIAL & FINANCIAL CHRONICLE
RANGE
'•
Last
(':
r
■
United Oils
United
Shares
Low
"
7c
10%
10%
2.70
2.70
14
14
kr;,,,k::.-
Low
8,700
-
k
2.90
7c
4,660
11
STOCKS—
814
Jan
2.55
Jan
17,000
-
■»
Vicouf
Mines
Villbona
Ltd.
Mines
Mines,
Walker-Gooderham
Worts
&
•'4.50
*•
com
119%'
—*
Gold Mines.
Lake
* >;
—
33c
Feb
3.98
23
1.38
Preferred
Canadian
Jan
34c
Mar
4.25
••>-2.078
109
245
21
class
West
Consolidated—
Maittrttc
Products
Grocers
j
—i •'
'
:
Westeel
Western
:
«1-
1
*
>—
100
Preferred
k
-
41c
13,200
Canadian
Canadian
Ind
Class
38c
30c
10.850
Canadian
Ltd
Winnipeg
60c
---
Electric
175
25
Jan
30
145
Jan
185
Mar
195
15
155
Jan
195
28%
27%
28%
19c
21c
25,100
—•
100
19c
30
Mar •'.••
Consumers
—.23
Feb i,:. k
1.075
13V8
100
40
94V2
Jan
33c
10.000
26c
Feb
16
'
;
Combing
wright
Yellorex
26
: 5.50
Mines
19
5.50
■
Knitting common—
5.05
Jan
17%
Uchi
15%
16
18%
Jan
Mar
33
', 39%
Feb
Jan
17%
Jan
19% Mar
.
790
::l;,
;.k 6.55
21.600
32c
Coal
18c
Mar
530
;;
Jan-
24%
Feb
15% Mar
!mLP%
78
Jan
91%
31%
kk
425
Jan
45
37% Mar
6%.
31
31
15%
40 %
25
;
15%
:
k
40%
13%
29%
90 ?
14
Dairies common.—*—
Preferred
*
I*.
,
10%
35
—
100
*
Feb
Dominion
Jan-
Dominion Glass
19
Feb
31 %
Jan
Jan
16
Mar
Feb
114
Jan
40
"
k
45%
225
207
10%
30
11 %
•'
.Sales
:<
Range
Sale Price
"
Famous
25
33
190
175
Jan
225
Mar
182
k';:30'v
172
Mar
182
Mar
100
13
14%
22%
23
23%
14%
•
24
23%
23%
—:
31% Jan
k 9,510
37%
12% Mar
535
21%
16%
Jan
;k24
.
Gatineau
of Prices
Range Since January 1
Andian
v
LJl
National
Park
—*:/
A^nestos Corp —
Atlas Steel—
High
20
■
Low
.
20
V ' 75
.
High
,
Mar ~
20
23
Jan-
35
•
Preferred
31
"
32%
55
--
Pulp & Paper com..*
Preferred
Brown
Co
30V< Mar
55
Mar'
420
56
&
Canada
6*4
100
185
92 Va
''V:-:kk'k
Sugar————.;;.*
Vinegars
:k';72::kk
63/a
—
-
—100
.
Dominion
65
175
—lk
common——.
Preferred
Canada
72
—4—100
„—
26%
Western
'
14%
14%
120
170
Mar
fz
•
134
3.15
84
5
Consolidated Paper
Consolidated
2.30
• )
Press
class
A
25
Mar
14 Vt
,325
;
96
Feb
-
16%
k
% 4 '••'. Mar
5
2.80 Mar
Textiles
17% .16%
*
17%
25
10,053
25
Donnacona
_*'
:
common.....
21
100
'?
4.00
Jain
*:*" 18 %
Minnesota
Pena
Oreille
Reliance
21%
1 ■:'!>
Grain
:'
•Preferred
'
'
Southmont
Invest
23
'C'.'j'.'
common
•
,
•
,
Preferred
******
k!
50
1.60
Feb
550
;
,
23%
Jan
30
121
18
:
9.625
3.75
1.825
23
105
109
109
Steel,
common.
Aluminum
Co.
of
Canada
Anglo Can Tel Co
Argus
Corp
4%%
convertible
preferred
_.
Asbestos
Corp
bathurst
Power &
Telephone
vBralorne
L.
2.60
104
22%
—
Feb
__
...
^l'.-
k
.
Ltd
Trac
Light
7%
33
32
25
21%
British
Amer Bank
British
Columbia
Class
Note
Pr
Co._:
Gold
2%
Cement
105% 105%
preferred
25
38
-k&k:'
56
Oi
,28c
Jan,
Feb
Mar
'Labatt
Public Serv
Preferred
100
——
Canada Iron Foundries
"k;k
Jan
Jan
24
Jan
-106% Feb
32
Mar
21% Mar
26
Feb
Canada
«,om
122
Corp
Ltd
com——*
(John)- .*—k.**——^4—
•
—
Preferred
Structural Steel
Canada
Northern
Canada Steamship
5%
preferred
Canadian
Power
Corp
Cottons
preferred
Breweries common
Rights
•
Bronze
'
267/8
Co
.25
k
11
footnotes
Jan
23%
22 '
Jan
Feb
,23%
Feb
26
Jan
Jan
.
12
Jan
14% Jan
16 Va .Jahky
19%
Feb
20
Feb
28
105
27% Jan
30%
Feb
30%
31%
29%. Feb
32% Feb
8
165
165
24%
'
45 %
~25
:
28%
k'H'
1;
165
k'24k
k 40
,
•
10
17%.
k 17
1
31%
*
Jairk
815
27%
* ■'
■-*
18%
19% Jan
17%
8
44%
5
3,438
1,025
;
yi4ik
25
V
24%
45%
952
46
47%
1,710
Niagara Wire Weaving——.
•
26
26
26
66%
64%
>
Feb
Jan
Jan
51
47% Mar
44% Jan
' Jan k
"
Feb
32
Feb
44
95
28%
47%
25%
kwv 56
28% Mar.
50
Mar
ik 165
;
1
30
3
28%
Jan
22% Jan
k Jan
4,255
40 k
27%
Noranda Mines Ltd.
24
'.k 29%
Mar
Ogilvie Flour Mills
Ontario
W:
:tT
i
180
common—
67
.k-k-
;•/
Jan
Jan
..
'Feb.
Feb
12
Feb
101 % Mar
3 Ve
Mar
27
Jan
3% Mar
20
Jan
Car Aircraft-*--—.**—-
"
'■#
200
Jan
if; 24.% Mar
5
:
.
23%
460
23%
Jan
34
7
Feb
Bros &
-72
72
Provincial
Quebec
common
—
Saguenay
Jan
St
preferred——.
Corporation comraon.
;■
100
.
-
V.'
,
•
preferred
20%
Jan
24%
St
Lawrence
Flour
Jan
19/
Feb
St
Lawrence
Paper
Shawinigan Water & Power
20
•
■
507
131
70
k
145
Feb
16%
30 •;
I'¬
Jan
Jan
21
Mar
12%
Jan
14
Mills
32
•
•'
1
39
90
,
'4* 33 % Jan
17%
Jan
100'4 Mar
180
k'
,
15%
,
.17%
107
v,
103%
45
»»•
3.-790
?*:
-•?;
Jan
•
Feb
18
Feb
.22
Mar
Mar
Jan
105
Jari
109
7% Mar
30
102
Jan
Feb
V2
Feb
9% Mar
367/a
Jan
39
Jan
-;386
;'-*f36%
Jan
2.907
25%
83
Feb
95% Mar*
2i01
21%
Jan
26% Mar
Feb
Sherwin
Sicks'
ll
510
20
19%
20
1,075 ■
18 Va
Jan
22%
Jan
51%
51%
377
47%
Jan
52
20%
21%'
27%
Feb
15%
15c
60c
of
Can
pfd
_
100
•
common
'
"...
—
160
'
44
45
'
160
"-•10
45%
215
-
156..
Jan
160
Mar
37%
Jan
46
Mar
105
Mar
Feb
21%
Williams
Breweries
•
Feb
20c
9% Mar
14%
Feb
Simon
(H.) & Sons preferred
Simpsons Ltd preferred
20 % Mar
5c
Mar
Southern
Canada
100
105
105
100
105
Power
5
107% 107%
*
Southam Press Co
6,407
43,231
_
19'4
157/8
30
102
Jan
102% Mar
107% Mar
70
16
18 V2
Jan
20
Feb
235
19%
I—*
14%
Jan
16
Jan
16
Jan
'
•
common
see
page
1606,
49
19
22.
17
„
21%
51%
115
19
2.R17
22
885
47
Jan
51%
16% Mar
20%
14%
45
Jan
Feb
Standard
Feb
Steel
Mar
Co
ChPtnlo.flls
of
Preferred
Canada
common
common
•
*
:
10% Mar
10%
11%
85
85
8614
235
79
Jan
86% Mar
87
87
87
160
84
Jan
87% Mar
11%
■
"
Jan
61
•<;k 21
,
95%
24%
Jan
;
;
39
39
•-TV-Ik .k
'
—7 860
95
100
Jan
Jan • <>"•
j
V...r.,-
72
70 k
180
9%
34
Jan
Jan
103
k
30;
580
25
com
preferred
k 18%
Feb
54 V2 Mar
21
8%
%
98;
Feb
k'v 70 k Mar
Jan
k
Feb
8%
kl3% Mar
17%
Feb
14%
26
Mar'
16
102
Feb
Feb
180
7
4.532
100%;;
105% 105%
9%
Jan
%
l.llt)
kkk
107,",
•107
50
120
15
21
;k^k-v
100
50
'
10 k
1.000
33
59%
\.,:
•
—
kj
33
6% Mar
110
:!}' kll"
57
17%
—
Jan
j.
100%
kkffk
*
pfd
Power
Lawrence
•
21%
148
:'- VV
13 '/2
./>
51V2
100
Transport
Paper
Jan;
A
Ltd
1,685
:
Jan
72
■
30%
33
14
•
—
Power
Rolland
Mar
Co
preferred
♦
*,
18
•
Feb
29
Jan
Jan
175
125
k ■k
16%
103
kk
Power Corp of Canada
Price
18%' Feb
31%
5
v.70
16%
30%
.
25
Feb
Jan
Mar:
30 Va
6%
61
♦
common..
545.
22
vl"*!1.'
kk"'
*
32
'■;■• rlk''1 k103
100
Penmans Ltd
vk--:
69
Preferred
:':k7i'.'t k'. v-;.' :'k
_*•'
;v-:
;%35% Jan
22%
'
Light, Heat & Power.—,
22
143% 144
63 Vt
1,769
180
22
k,v'vki*k*-.,:
—
'■
56% Mar
31%
31%
Hook
Products
/;
•
common*———
*
Steel
!kV«v--i 5-.k:.kl.
5 lU
45
24% Mar"
145
'
Ottawa
25% Mar
•22",
Jan
300
—• v
Ottawa Electric Rwys
17
6,087
—.
—
17%
10
Feb
Jvk'k'.c-V:
17
17%
28%
——***.*_***—*c——
Mar
51%
,
k'-'H *• 'V-*'.'1
*
^'Preferred;;
21 y4
14
43% Jan
.
12% Jan.
National Steel Car Corp..*——.—
109
Feb
181% Jan
50
:•??:
33"";7::k
20
55% Jan
225
.100,:
*
common.*—— f"'
Jan
98%
k 321
'17
13%
•
Ca-adian Car & Foundry common— *
Class A
25
For
144 l;?.:
•
Canadian
.
Feb
Feb
-208
fify '***» k
I100
Jan
8% Mar
3% > r~m 2,250
20*"
50
21%
Jan
40
21
"II*
Tramways
Mar
197
•.'32%
Jan
27%
47
25
»
195
55;
,20
kk
133%
,
23
k. *k
com
Breweries
103
2
26%
■v-
50
Feb
;
21% Mar
20%
«
Feb
"19
.k
*
common
47
53% Jan
Jan
120% Mar
126%
22%
25
(Robert)
Ottawa
62
1,380
;v
—
39% Mar
22%
,,».
Jan
"30
kk
30%
•
Mar
Feb
'
k kl2tkkk
—
106
21
125
2%>
24%
.*
Jan
38
105
33
23
Lang & Sons Ltd John A**^..——
Laura Secord—k—
Legare Ltd pfd—*_
102%
2,201
.,
24%
,
106
43% Mar,
15
38
Lake of the Woods Milling common—**
130
855
30%
18
37%
Feb
Jan
195
,
'•
♦
,
Feb
Feb
2i
17
—5
common
38%
,
31% Mar
"
Canada
Feb
Jan
10
15 ;
27%
17
32% "'•; 1.846
'31%
26%
33
Feb
8%
32%
33
17% Jan
-
■
Jan
Feb
20
32%
•
Dredging
108% 'M
Ik
101
•
20,
k--;"
•
Products class A
15%
Jan
Mar
Jan
29
125
k;-kkck
•
*
Piuck Silk Mills
Bulolo
100
.
—.*
Jan
7%
25
14%
755'
103
00
«,
Corp A
B
'Building
56
101
.
13%
150
29
Range Since January 1
Low High
103
125
108
21.
Power
15
1,717
.
16
9%
—_*
&
2,498.
7%
15
31%
109
Mar,,
20% Jan
70
20%
-k^
197
45% Feb
15%
15%
15%
15 %
•
com.
Montreal Lignt Heat & Power Cons
330
16
vrlkk
100
,
25%
Feb
Mar
Jamaica
:
22%
103
*
k; 112% Jan
37% Jan
31
5.00
23
Sales
180% 190
.»k
33% Mar
Feb
110
260
25
Feb
Montreal
High
190
—100/
k; 41%
15%
-
*•'1
' "•vi.'i'/.-kkvk;
National Breweries common
Shares
105% 106%.
,
Paper class A
Mines
Brazilian
....
30 Vt Mar
1,973
14%
24
for Week
32
*
1,212
kk
42
Feb
12% Feb
14%
Mar
Murphy Paint
,
Low
56
33
9% Mar
Jan
43
Funds
22%
50
31 Vb
410
111.30 111.35
9%
k;;i*i:kMar^k
50
StockExchange
106
100
10%
9%
55% Mar
17%
8% Mar
1,340
43
33c
103
common.
Warrants
Bell
pfd
165
9%
15
47%
13c
•
pfd.—
Jan
55%
■Ti
47%
17,100
21%
—
55
Mar
_15
15c
100
Ltd
2
108
—•
13 %c
*?
Preferred
""Aluminium
Jan
Jan
33% Mar
—
106
International Utilities
53% Jan
135
Preferred
Al<»oma
"26
Feb
22
33 '4 Mar"
kkkklPar;
common.....
Feb
t
22%
22c
Friday V • Week's
:
Range
Agnew-Surpass Shoe
Feb
20%
Preferred «—*——.*—.—.—100
International Petroleum Co Ltd
*
20
•-I
111k
Mar
Jan
10
~Last
£•
111
Jan
18
Jan
Mar
-17% Mar1
g/k: 85'
Sale Price k' of Prices
*
Jan
110
Jan
'
com.—
105 %
30
50
39
"44% Mar
3.013
: k;
-k
22%
w4'-:
Canadian
Ltd
38
180
*
18%
41 y8
Montreal
Works
Feb
46%
Molson's
Glove
111
HO'A 111
9
—
International Nickel of
Mitchell
Acme
19% Mar
40
25c
*
Jan
49%
33%
100
14%
55%
41%
———*
McColl-Frontenac Oil
—...
580
14%
32%
*——*"
"
preferred
19
'
—.
Industrial Acceptance Corp
,
MacKinnon
5%
34
107% 107%
-
111.30
—
Massey-Harris
Acadia and Atlantic Sugar A com
Mar
.
k
Jan
41 k
13 %C
8TOCKS-
Jan
16
28%
*
25c
Montreal
,
390
2.15
Feb
100
29
3.30
41
V 15
50
'
-
1.60
17%
-
—-
:•
•
15
33%
;i
Mar
Jan
16
15
.
35
International Paper common—*—.
33%
S
biU^e.test Petroleum common.j,.
XemiNkamtng Mining
2,025
Mar
31
10%
*——
Imperial Tobacco of Canada comraon_5
Preferred —*,*•- " virk+k
kk*.
Jan
95
20%
3.60
common—
20% Feb
Mar
45 -V Jan
Feb
123% 123%
-:'.V —if'
S
Paper.
;
10
Feb
85c
Feb
91%
Ilk'46'
50
100
;
Ontario
&
15
common
15%
16% Mar
27
;
18
Jan
39%
10
27
r"
-■
Paper
——
40c
655
1.60
k-
Preferred
100
*
Jan
,
1,000
17%
1.60
Hayes Steel
International
200
15
1
•
•
Imperial Oil Ltd.
Feb
25
Jan
41
17%
17%
...
230
10%
Jan
50c
vk: 93%
'
rootiuJJs Oil & Gas
18%
28
55%
9'4
—
Hudson Bay Mining
■;
Jan
93%
40% -k,k-40 k:.'
—
16% Feb
International Power common—
45c
__:
Feb
27
18%
*.
*■■■
common
Paper
.Preferred''
*
3.80 Feb
k 2.10 Jan
iv-il5% Mar
200
,
(Charles)
Howard Smith
Feb
'29
Jan
800
6,780
•:k:
2.30
2.30
Oil',-*
Bridge
Dominion
'
18%
———100
International Bronze
Dalhousie
13
109
110
1114
•
—w**—
Hamilton Bridge
k
'
Dominion
100
.100
common
Oypsum, Lime it Alabastine—** ~2
185
Mar
k 7% Jan
Jan
75
.4%
3.05
Copper..,
Jan
2,670
18
19
"
Mar
/
Coast
——•
common—
'
72 '.'■
;
534 Mar
3.551
15
4
3.10
3
%' Feb
96% Mar
30%
Goodyear Tire Pfd Inc 1927—— —50
Feb
63
Feb
95;
:k.k 4
Lumber..—.—.
56
26%
•
Marconi
Canadian
1.470
6%
—-1
.—
Canadian
24
Jan
Jan
,
Gurd
Columbia
Power
General Steel Wares
'
British
Canada
-
112%
90
15
new—
v
1,420
10%
>
32% Feb
Feb
Jan
15'A
' 13%
15%
Feb
Feb
4
32%
•
—**
Low
,.
" "96 %'
94
.
17
preferred;**——i.—
5%% preferred
>
;
'
23%
109%
'
96%
,,-v.
5%
Shares
•
«41;
% 350 k
576 k
Feb
..
for Week
./
of
Co
23% Feb;
501
'
■
110.45110.50
—
*'.*
Players Canad Corp
Foundation
Week's
Jan
225
—•
——
Corporation
Enamel & Heating Products
English Electric class A...
Funds
Last
Jan
33%
Jan
31% Jan
200
Dominion Tar & Chemical common--**
Exchange-Curb Section
Friday
Jan
'182
100
...
Electrolux
•
Jan
15 y8
Feb
i''13% Mar.'
715
33
common
——
Dry den Paper
Canadian
Feb
13%
1,685
10% >10%
33 '
33'
.
Foundries & Steel.—
Preferred
jail
42
•
Feb
92
320
-
40
14
—.**—.————100
Dominion Textile common—:
Toronto Stock
Feb
Mar
^
-' 600
'
96 % 100
:k'k
1.597
.
Feb
67c
/
k-
14% Mar
*
preferred
39c
Jan
20.200
15
;
86%
45
15%
Voting trust certificates—.
.
Feb
15%
5,246
,
84
100
•
Preferred
r
Jan
Jan
v
k 505
22
44%
31
•
-
Dominion
Feb
."43c
26
•kjv'4'k
Dominion Steel & Coal class B
:
'500
16%
21%
21%
45
#
Dominion Store? Ltd
;
53
22
13»/a
,
Bonds—
•j-
■
45% Mar
.'16'/a. Feb.
»
Mar;
100
.
?
Jan
52c
18c
14%
„
95
435
|
35
86%
•
Distillers Seagrams common
Dominion Bridge
Jan
Jan
24
170
3.775
22c
45c
%<J'
(.v •:/>'
•k
26
5.30
:
48c
Girl.
Yniir Yankee
York
26
Hargreaves Mines.
34
16
"lis
Glass
•Dominion
Wool
;;
*iV;I
Class B
Feb*
30c
32c
15%
.
32c ;
;
•
99%
•15% '■
1
Mar
27
1.240
19 %c
common
Jan
11% Mar
Jan
Mar
195
•
i
Mines—
u
Feb
Mar
18:.
Mar.
.
5'4
:'k'U75;v;
*
15%
k 16"
16'4
_
Consolidated Mining & Smelting
Jan
64
'•
-,
—..*
—100
Gold
k
34%
i
Oils
Cockshutt Plow
Jan
28
i
Preferred
Winora
:'";r
19
■
67%
43
■j
V'
47
17%
16
10
High
k
.
40 Vz .Jan
.
kvV., 16
„"v.
.
Jan
Mar
185
-——
common
Wuisey -Oognlan Mines
k
•
Locomotive
Davis Leather Co Ltd class A
Westerns
46
59Va
V. -100
*'
Low ?
-
Jan
28
195
16
478
;
v
10%
k 14
15%
,
1.69 Jan
Mar1
19
**•
*
Canadian
: 55c
",
•
4
a
Alcohol common
B
23% Mar
•
'
k 10%
investment.—.
Foreign
Feb
,
Mar
43
16
Range Since January 1
v.
63 -,j
43
«
i'-k17
Jan
175
.{
,
180
common
55c
•
43 '
Shares
High
61
A—__
Canadian Pacific Railway.
Wekusko
63
—k
Jan
129 k
Feb
Mar-j.
1.15 Mar
30.100
Converters
Class B
5
-,87c
••
Low
k
m
—look k
Feb
Feb
;■'
..
Sale*
for Week
R»*gev
of Prices.
Par
common
*
67c
Mar
31c
-
-
-6.062
1.40
50c
36c
2,000
•
V
23 y8
1.30
52c
45c
,:--9,000
122*
116
13 % Mar 1
2,251
■
4.65
4.50
23 Va
.!'■
.
49c k
•
31C
:
,
Ltd——'
Preferred
Wasa
46c
46c
•
—
Gold
vttttw-amuust
k
k
14%
Week's
t-.
Sale Price
•k,,k>:kk,
Canadian Celanese
Jan
1614
k.:
k'vk,k k• ;r.
High k;
1414c
13 Va
Mar
»v.
Ventures.. Ltd.
Friday
Last.
k
9c
Upper Canada Mines Ltd..
22
Range Since January 1
•High
7c
Steel
MARCH
for Week
of Prices
;
ENDING
k
Range
Sale Price
STOCKS—
WEEK
Sales
Week's
Friday
FOR
MARKETS
LISTED
CANADIAN
Monday, March 25, 194$,
5.200
1
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 447S
,Volume 163
LISTED MARKETS
CANADIAN
;
Shares
Brothers
Tooke
Twin
35
—;
High /
40
'
Jan
'r!r 17%
113
18%
10%
IO7/8
Lake
Mar
'40
Jan
19%
Jan
8>A
Jan
13 Va
Feb
1,700 ;>
//.
v/
.
31
242 A
18
Transit-
City. Rapid
Sales
Range
for Week
of Prices
Shares
•
STOCKS**
...
Range Since January 1
High
Low
United Steel Corp
/>
for Week
of Prices
Sale Price
8TOCKS—
Week's
East
Friday
Range
Last
Sale Price
Sales
Week's
Friday
ENDING MARCH 22
FOR WEEK
RANGE
Power
Inc
(Alfred)
.^Lambert
i
•
1
Lowney Co Ltd
14%
_i •
(Geo)
Weston
Preferred
100
~
——
Ltd
Wilsils
25
15%
Winnipeg Electrio common
.100
Preferred
i"
16
Feb
X:-
24
Jan
13
Mar
f;'.
95
Jan
50
335
Maritime
pfdpfd
Massey-Harris Co Ltd 5%
;.
Feb
100
>
■
25 y2
17%
Jan
Ltd
Distilleries
Preferred
j
__
29 V*
36
*
common—,
55
36
^.
250
Mount
,5 Nova
Banks
.
"
—
-
20
16%
19%
Jan
25%
24
Royal
24'A
T
Jan
26% Mar
.
!
N.
|
Quebec Pulp & Paper 7%
Mar
35
/
1
.
,
11 Va
Jan
103
98'A
Jan
103
5
Feb
109% Mar
50
Montreal Power notes—————
Mar
50
40% Feb
$10,000
;
.*■ >. '
Westeel
Canadian Funds
;
Par;
common—^ .—•!
Abltlbl Power ft Paper
New
common
Aluminium Ltd 6 %
Glove &
preferred
Belgium
5%
1,269
93
93
Jan
77
177
Jan
^V;
Packers
Columbia
Canada
Canada
Ltd
Canada
130
19%
120 : y>i3
;
25%
49J/a
:.>>Yli';
26%
491/2
65
71
245
6iA
6%
26%
•
7% pfd—100
Starch Co Ltd l°!o pfd
-100
110
Power Ltd
:•
.
250
79
120
__
51
•
Mar
V/st Jan
■
>
,
:
Feb
107
111% Mar
:
Mar
120
111
:
Canadian Pow & Pap Inv Ltd
5%preferred
v
.
Mining
Cournor
East
Gold
>
.
163
180
5
178
5%
Mar
87c
Jan
49c
Mar
74c
15
4»A
840
2%
3
1,521
1,112
16
>>; 14
'■>'
4
65c
65o
200
1.23
1.200
26c
27c
4.000
24c
Mrir
•34c
40C
42c
5.700
39c
Feb
57c
Jan
3.15
General Adv com,——*
59
60
57
Jan
15
25
11%
16
16
135
10
10
125
55
55
300
65
75
4%
5
1,150
7
7
105
'
-V
■
■
65
•
16
5;:
.
...
.
850
13c
19c
M13**
5c
8c
4,000
5c
2.100
10c
47c 52 %c
2
20
22%
*
40
21%
22%
38%
40%
;
,*
•
1% pfd
100
Eastern Steel Products Ltd new oom—*
15%
—,9
4%
15%
22
uy*
u%
T
*
100
•
Ltd
Ford Motor Co of Canada class A
Aircraft
6%
33c
3,500
30c
Mar
49c
*
700
•
56%
Godfrey Realty Corp
•
26
100
Halifax
*
—
Insurance
Co
„•
Hydro-Electric Securities Corp
International Paints
;
.
5%
Inv
-
(Can) Ltd A,
6 % ' cum
conv
pfd
■footmfl'es
see
page
75
\
>
Lake
35c
Jan
43c
Feb
90c
5.200
90c
Mar
50c
56c
13,600
50c
Mar >
1.10
1.10
200
3.70
4.00
13,100
1.00
1.10
$ 11,300
18C
>
1.50
Negus
18%
Norseman Mines
51
Jan
Quebec
'
11
11 /
52
52
V
' >■> 83c
Feb
]
48c
Mar
>
:>/ 63 c
Jan
|
15%
19%
Feb
75c
Jan
Jan
50c
Mar
61c
Jan
1.10
Feb
Jan
2.24
Feb
;
1.05
99,800
Jan
26%
Feb
43c
Jan
1.41
Feb
1.65
Jan
7.50
3.95
4.00
Jan
3.20 Mar
2.88
-1
27c
•518%
82c
78c
2.07
>1.53
Mar
Feb
31c
32C
Mines——————1
Jan
46c
Feb
Jan
118
Feb
Soma
Jan
-8
Feb
Stadacona Mines 1944
Jan
1.25
Jan
Standard Gold Mines
Mar
28
Jan
110
Jan
Mar
33
Feb
Feb
16% Jan
•20
8
^ 27c
Westville
Wright Hargreaves Mines
Ltd
Ys" .4.00
ss
Mar
14c
Mar..;'
23c
Jan
17,100
25c
Mar
38c
Jan
1.80
1.94
:
95C
1.05
■>
80c
81c
1.67
Jan
Jan
21c
Mar
25c
Mar
1.00
Mar
1.49
Jan
Mar
42c
Jan
2,50d
20c
6,800
25c
■:
3.10
3,300
2.90
33c
33c
500
27C
31C
1.15
4.25
Jan
3.50
2.70 Mar
3,400
2.80
25,000
4.00
1.45
Feb
65c
16,753
4.00
Jan
95c
24c
3.60
Feb
3.65
2,100
1.14
23c
Jan,
6,250
21c
3.10
,
1.95
1.60 Mar
1,000
1,000:
1.05
>
>
X'
Vlllbona Gold Mines
:
Jan
1,000
—
——1
24c
1 >• " —
1
2.80
40c
22,000
30o
105
•
Ltd
Feb
14c
1.60
Steep Rock Iron Mines Ltd
Sullivan Cons Mines Ltd
60 % Mar
Mar
•"
-
Mar
35c
26c
1.00
80c
23c
37c
24c
,
1
Jan
3,800
27C
1.60
——1
,Blscoe Gold Mines Ltdr
Sladen-Malartic Mines Ltd—
7.30 Jan
Feb
14c
—
Feb
Mar
6.25
30c
30o
Jan
32 y2
100
?•'-
Sheep Creek Gold Mines———50c
Sh e rri tt-Gordon Mines' Ltd———1
'.32c
13.300
6.75
24%C
Feb
14% Feb
360
6.75
35c
Rochette Gold
Feb
22
—1
Yellowknife
Jan
,25 c
Jan
32c
Mar
Mar
5.40
>4.00 Mar
12
Feb
Feb
42c
Feb
27C
Jan
Jan
J
Jan
28-
Mar
U
•52
5
Mar
2.82
Cadalllc Gold Mines
9%
5.10% Feb
f.
60c
30,200
1.33
Mines Ltd
-
11
28
Jan
110,500
Red Crest Gold
17% Feb
32%
2.05
405
:
34c
Mines—.
Feb
Jan
5%
Mar
1
Pitt Gold
24%
41
6% Mar
20
'•
•
23 y2 C
Pato Cons
Feb
25% Mar
,
22%
Jan
25
;■
70c
j
1.16 Mar
"•;> 58c
v.-.''"1-
78c
Ltd—1
Gold Dredging Ltd—
1
100
.
1.45 Mar
62c
9,100
10,200
a-
—
——
Pandora
Jan
1.75
Jan
49c
Jan
Mar
500
x
;
1 >>> 78c
* ■
—
O'Brien Gold Mines Ltd
Mar
1.60
>r
>
I
Feb
26
M.
/
Jan
58%
5%
28c
28c
16 %: >
70c
Ltd-.——1'
4% Jan
"
80c
24,300
V
1.65
62c
;>
Mar
19,450
39,100
31C
———1
Mar
27% Mar
P
11
Mines
Calumet Mines
2% Feb
?
25c
1.16
25c
92c,
>
Jan
)
.1 '
Ltd
Normetal Mining Corp Ltd—
18% Mar
Feb
1,500
Feb
36c
...
>
Jan
1.35
Mar
5
Jan
:>y>5
Jan
1.00 Mar
18c
290
.
::
>
1
Ltd—1—1
Mines
Jan
53
30
20
Shore
Macdonald Mines
;
8 % Feb
•
3.55
Jan
6% Jan
.
180
^
Feb
72c
>>•,1.85
i; 1.10 Mar
•
;
Jan
1.05
Ling side Gold Mines^———1 J „ 30c
Lingman Lake Gold Mines Ltd
1- "..r, 1.04
Louvicourt Goldfieids ,,224————-1 :
Jan
5.70c
30
27%
•
*
——_50
Feb
...
%
1.
—
Mining Co
89
;;
100 /"
27%
,20
preferred
Foundation Ltd common
Klrkland Lake Gold
6
'26
*
*
*
10
vtc
'Feb...//-
90c
'
'"V
1
Jan
4' Mar
60%
Common
'
1 -
Gold Mines Ltd———1
54
70c
Tire & Rubber
Lakes Paper common^,
)
(
Jan
4,800
90c
1.13
31c
•;
60VaC Mar
Mar
116.000
39c
;
16% Jan
Mar
.
29%/
Foreign Power Sec Corp Ltd com
Fraser Companies
Goodyear
Mar
19
11% Mar
6
28%
22
111
5%
,
6%
107
•
red pfd
.
16
17%
23
East Kootenay Power
Great
15
13% Jan
15
Feb.'
58%
Paper Co Ltd
V
Jan
39c
.
.
4%
58
Dominion Woollens
Falrchlld Aircraft Ltd——
/
,
Jan
•
;
Jan
•
38c
25c
1
Mar
j
Mar
>> 13c
'
>;33c
>•>
18c
Ltd——1' >
Gold-—————1 ■
Jack Lake Mines—
62
>
44% Mar
•
Works Ltd
Malting Co Ltd
Dom Oilcloth & Linoleum Co. Ltd
Engineering
"
10c
1.10
3.70:
1.00
«
•
18C
20c
15c
Mar
lie
.'
..
Mar
7.000
,
Feb
Feb
3.80
Mar
1.85
Dominion
:
Mar
6,400
20c
'.V
» 48c
Hollinger Consolidated; Gold——1, '
Indian Lake Mines- Ltd——
1;';
Mar
15% Mar
David & Frere Limited class B—
Fleet
Feb
"
New
Aircraft Corp Ltd
Farmer
.
Federal Grain Co class A
17
Feb
7
10
Fanny
18% Jan
127
Feb
4% Mar
Consolidated Paper Corp Ltd
6'/a %
Mar
60
Preferred
Donnacona
:
•
Jan
40c
.
Consolidated Dlv Sec class A,.
Dominion
>
3%"ja:n
>y
'
Commercial
Cub
''
Mar
7
•
19c
11.000
.
18c
19c
Feb
1.50
1.17 Mar
16c
1 ;>.
33c
1•
38c
1,,.; •
5
: > 54c
Geldbeam ' Mines
———.1'
Goldvue Mines —u—————,1
Feb
9
103
Mar
'5% Jan
.
Jan
r'
.-^-100;
Alcohols Ltd common
*
Preferred —————————.—,5
Jan
15
10
Preferred1
Found Lake
2.80 Mar
12,600
59
15
.
Chateau-Gal. Wines ltd—
Neon
3.00
3.10
*
Cassidy's Limited. common
•«
1
Catelli Food Products Ltd com—*
21c
19c
>
—
1
f
Feb
30c
1
,
Feb
>
80
.
1
Ltd
Feb
1.20
(
Corp—-j-1
Joliet-Quebec Mines Ltd,
Canadian Western Lumber Co———_2
Claude
Mar
Feb
; 12%
98
100
114 >
>>;>;
Co Ltd
Fontana Mines (1945)
j
Mar
Formaque Gold Mines
180
Mar
1.75 Janr
13
Mar "
450
16
15
113
—100
Canadian Westlnghouse
'
Feb
'
Feb
61c
Mines————
Mar
" ;
:
33c
;
18
|
Jan
Jan
1.700
Ltd—
212
,
■4% Jan
100
'Jan
280
103
16
•
common
/
Jan
Jan
Mar
Mar
7c
38c
Gold. Mines—————,1
Elderidge
:
Jan
26c
Mar
23c
>
35c
——,—I
Mihes,——-1
Sullivan
52c
ll%c
40c
600
•>>$ 500
54c
Donalda Mines Ltd—
:
Mar
Heva Cadillac
..'
"..
14
Ltd
preferred
1%
65
•41/8
4%
v
com—*/
—
Vlckers
Canadian
88
5%
'
mm
Feb
44% Mar
39% Jan
4
2.000
iV.l;
15% Jan
18
205
103
7
preferred ———
100 '
Canadian Marconi Company. .,—1
hfo
12%
44
<■
8c
Yellowknife Mines Ltd
i
—•
Canadian Int'l Inv Trust Ltd
Jan
:>v
40c
;
29V'4 Jan
Jan
25
50
180
—
11
25
27
V
Colomac
Mar
120
Feb
109 %
',
29% Feb
Jan
109 :>
18
i-——--,——100
preferred,
7S&
Jan
59c
Cartier-Malartic Gold Mines Ltd
Central Cadillac Gold Mines Ltd
Centremaque
Gold Mines
Mar
71
"
Mar
>25
205
•
29%
28% Jan
Feb
106.
•
Ltd-—* %
Industries Ltd class B
Jan
: 25c
"
Canadian General Investments
-Canadian
Feb
25
54c
———I
Ltd
Brazil Gold & Diamond M
Elder
26
>;■ 5
16%
7'/8c
7%c
—1
Bouzan
5% Mar
19
Canadian Dredge ft Bock Co Ltd—.*
Jah
Jan
Mar
23c
Gold———-1
26c
>'Beaucourt Gold Mines
1
'•> Bonville Gold Mines Ltd———
1 >?> 20c >
Bouscadillac Gold Mines Ltd1
> 18c
Jan
38
3
109 »A 109'A
120
pfd—.100;
0a>';36:-A
27
25%
110110%
Feb
17%
40c
7
A.
23c.
Beatrice Red Lake
Century Mining Corp
107
40
Jan
->
—
Aumague Gold Mines
Jan
'•57;"'''' Feb''
5,630
107
Jan
1 •>:.
—1.
Ltd
Mines
Mines Ltd
Athona Mines (1937) Ltd
Aubelle Mines Limited
.
25% Mar
125
:>■
17
30
>10
250
'
2,200
Astoria Quebec
Jan
12%
20
.15
15
29% .Feb
•
-
1
*
r;
Arno
Feb
18%
350
20,
13%
V:i3%>
Jan
Jan
4.V-25.
42% 12%
•:> 44 > • 44
—
.
—1
-Ltd
Alta
13% Mar
6%
pfd—100
Canada Wire & Cable 6 % %
;
262
49%
Sugar
Dominion
&
North
6
26%
common—————1 y
Calgary Power Co Ltd 6%
Jan
"
14
15
—•
•
*
Columbia P & P Ltd com
British
Mar
38
18
118,
Mining Stocks
Alger Gold Mines
9
Jan
' ' 14"A Mar
/> 100V* Jan
>•">• 188
Mar
•/?> 18% Mar
38% Mar
118
Jan
s
British American Oil Co Ltd
British
■
13%
j-v:
*:
Bright & Co Ltd, T G com
Brown. Company
550
118
High
*
Mar
19%
5
38%
18 Vb Mar
y8
,,5%
5%
14
•-.:
--20
150
Mar.
14
4,935-
38
18%
A
188
185a
187
18%:
187%
y
'
.
Jan
;Jan
;•>• 97' 99%
•
118
•
.=•■
99%
.
Ltd-
7
Y;
>
com— -—*'
Van
V :i
3,950
wmm.r
of
2,530
.'•
141A
i——
Hosiery
Distillers
&
Low
,
14'A
pfd——~—
Bathurst Power & Paper class B—
Brewers
7%
r
,
V
Jan
20
9%
27
-•
Mar
14
:>5V
17
35
9%
\
—.
*
Ltd—
Products Corp
Hotel Ltd..
.
Jan
12%
30c
26
200
>..
"14 '15%
,
Mar
112
Jan
Mar
25c
.
1.695
29
16
35
■
"15%
1
115
Jan
23
Jan
11
39
6.902
Feb
41
Jan
115
>
27c
28
5.,
.
20
rf
Mar
14y8 Mar
Jan
Mar
33
.
..
Range Sines January 1
High
>
100
preferred
$1.50 preferred
New $2.50 preferred
Shares
11
370
12
>v
Woods. Manufacturing:
:
for Week
7 Vb
>3: 14
-100
1%
New
7% i,
-
1
cumulative preferred
6%
Windsor
Sales
Range
56
396
122
26c
,*
—
Securities Ltd———^,*,100
United.
Montreal Curb Market
of Prices
Jan
\ 50
.,;;•>
120
29
1st' pfd-—5
:——25
United Distillers of Canada Ltd—*
Low
46
Jan
12
112
,
26c
,;
6% %
Last
Feb
Jan
,90
".
12
Stowell Screw Co Ltd
Thrift. Stores Ltd common
Sale Price
8
110
23
122
Mar
....
20
.
Jan
16%
50
36y2
v"
Week's
109
Feb
76%
100
23
Invest. Co. Ltd
;>> Southmount
;4
Friday
.
35
VV..'
23% Feb
125
74
13'A
35
100
Jan
Jan
Jan
18
416
•
pfd
Southern Canada Power 6%
•>
50
11%
Jan
no
5534
12%
common—,—*
Reliance Grain Co Ltd
,
j '
i'*7,f '• '*• 'W
*' '/. Sarnia Bridge Co, Ltd
-
Jan
15'A Mar
Feb
no
551/3
>..12'/a
.•
'
*'
BONDS*-
u
8
660
70 %
12Va
red pfd__100
.Jim
106%
109% 109%
9
9Va
.„
10
Purity Flour Mills Co Ltd
|
.
35
Jan
18
13
9%
Corp
19% Mar
60
73'A
—
*
17% Feb
104%
45
5,685
*
100%
100
Enterprises
''
44
-28% Feb
435
,.
-
16
74
13
y
of Can. 6% 1st pfd—100
C; part 2nd pfd—
50
Power
•
25
.
Jan
Jan
Jan
19% Mar
14%
430
Mar
25
A
Mar
35
V?- 65
35■ •;.
V*
Jan
20
830
>
35% Mar
33%- Jan
'•632 >
|
.
*
•
preferred
,
29%
15 V*
'
-
21%
Scotia Light & Power com
6%
Nuclear
j
:
23% Mar
,
'
•
35
..Toronto., ——————————10 i
21%
711
35
•
Scotia
Nova
25%
35
Montreal
Feb
22%
Jan
835
19 7/a
22%
240
23%
10
10
Canadienne
.34
20'A 22%
15%
,
5
Corporation Ltd
Royal Hotel Co Ltd
Moore
Feb
38
Jan
34
'
•:;
Commerce
13
666
'
Zellers Ltd
39
15'A
19%
105%
105 105%
■•// 8 /./
8 1 8V«-
•
10
common
/ Minnesota & Ontario Paper Co
Feb
100
6%
Oil
McColl-Frontenac
Melchers
Feb
37!/a
14%
< 19%
29 V*
38
,
108 Vb Mar
,rX
1,183
•/ 99% IOO
100
105
•
:•
10
100
Co
Ltd common
Teleg & Tel 7% pfd
Maple Leaf Milling Co
:
Jan
30
Jan
10\j.
25
13%
i
50 A:> 27
;>
107
107,.
127'/a
Feb
MacLaren Power & Paper
Mar
82
Jan
/
28
28
•>
•
common
74%'
109
520
116% 122
122.;
;;v
287
;..6'
82
80
Cotton.-.:
Walker Gooderham & Worts com.
8% Jan
425
'
>
Wabasso
Feb
85% Mar
12% Jan
15
Jan
Feb
885
14%
14
High
Low
60
382
84 85%
10 Va-'■ 11
—
•
John Paper &
St
Range Since January 1
High
Low
Par
16% Jan
33
Jan
Mar
13
Feb
Mar
63%
>Vor''•'
Oil Stocks
Anglo-Canadian Oil Co Ltd
Home
Oil
Co
•
* f
Ltd
1
Homestead Oil & Gas Ltd
—*
Royalite Oil Co Ltd
1606.
(
500
3.25
100
7c
7%c
3,000
7%c
—
10%
10%
500
1.35
2.40 Feb
7c
Mar
1.00
—
1.00
*
.10% Mar
.
Jan
?
4.40
1-00 Mar
3.25
—
Jan
i.
J0c
Jan
.25 %" Jail
j
t
OVER-THE-COUNTER MARKETS
Quotations for
Friday,
March
22
/A///,.
■\
■
J
For Quotations on Real Estate Bonds
Specialists
in
OVER-THE-COUNTER
SECURITIES
Shaskan
VnK'itfai\i&i
Co.
&
'*
Firm
Trading Markets
in
:
250
Ward
Established
1928
-
ACTIVE
Wires
to
f|
ISSUES
CHICAGO
-
Exchange M
Exchange* *
40 Exchange Place, New York 5, N- Y-
;
Tel:
120 Broadway, New York
Phone:
DIgby 4-4950
'
Bell Teletype
NY
-.1
1-953
2-8700
REctor
Tele. NY 1.1287 & 1-1288
York Security Dealers
New
Avi-.
embers New York StocH
>Members New York Curb
V
-
Co.
&
Members
Direct
"hc't'.if,
Association
PHILADELPHIA
—
RaorganzaliM Rails
.^:>4Wheix,-A». and ltdssued);^v:5t'
;:'*Bends—Wr
Investing Companies
Bid
Fa*
Mutual Funds—
•>
•'
y
* "
.
Aeronautical Becorlttet
lVt
I,
Foreign lnyestlngi.100
>
"
Scries
K-l
tisjb Series K-2
6.62
Inv
Boston
of
Tr
Fund
___
1 y 18.93
39.16
j
America
—
Inc
30.01
111.69
107.22
25.26
15.48
Fund
Ltd
Chemical
8.05
Denver
125.44
56.94
&
Rio
Income
>
8tock|i
2018
81
.100
.76
-
103
101
43 >/2
:
Grande
.33
com
78
^
'f,.
;■
5
*
.
*■
35
69
71
25
27
60
62
83
1C1
102
St Louis & San Franci
Preferred
Francisco-^
Income 75-year 4%s—.
'
C
..
41 Va
■
5 % preferred
Tiehver '& Rio
'Preferred
99
Grande—
4V2S
■■
.
1Q7-:
f
87
1st 50-year
'
105
A
;
'Common
'
■»
—
Chicago Rock Island & Paclfie—
'.84'
1st 3-4s income^...—1893
6t Louis & San
'
Fund—*
Second Fund—10
Loomis Sayles
87-
85
22.86
-25.05
IGo
9.54
10.49
Jl
4.60
5.30
Mass
Investors
Trust
1
30.82
33.14
•
35.19
37.84
Mass
Investors
2d
1
16.61
17.86
l'>y 14.70
Ltd..
Securities
Preferred
com.
i
15.90
10
16.83
.—100 2,980 .; : 3,080
144
•
151
—100
Commonwealth Invest
-Manhattan Bond Fund Inc— ;v
6.62
22.66
24.49
-280
1.78
1.06
Shares
" '
'
Balanced
7,20
'
Eaton
&
Inc
Bond
•
Howard—
stock
Aetna Casual & Surety—.—10
8.33
7.11
series
9.65
Low priced bond series
8.19
Low
6.21
9.73
•
28.37
Industrial- Fund,'. Inc.
Mutual Trust Fund
8
2.48
Fund
common
Selected series
Inc
Fundamental Investors Inc:.—2
Fundamental Trust
shares A—2
30.56
u
vi
9.13
8.24»
.
33.96
New
7.64
a
Automobile
6.67
shares
9.33
■;
Chemical
9.05
Equipment
11.31
7.28
shares
8.00
12.96
Surety.^—J
Low Price Shares
—
-
Mining shares...
J
Petroleum
-
shares
7.07
Railroad
6.59
6.59
6.72
5.25
5.78
shares.
7.13 r
'.ycV
iy' '
;,/■'/
Foundation Fund Inc
■
7
(Geo)
Fund
25Va
North
21%
23V4
Northeastern
76
78
59
.....5
Forster Inc—
Employees Grout>--»—i.-—-■
..10
Employers Rej^isurance
_10
Federal
..20
Fidelity & Deposit of Md
Fire Assn of Phlla—
7.84
General Reinsurance Corp..,
8.47
Ss
Marine
2nd
,1.02
Great
62
preferred
'
Hanover--
J—U,,
1
BV*
12.50
9%
92%
95
ioiV
:
Indemnity Co
Phoenlk
___—'
Provldepce-Washlngton
Va
...HO
...
60
95
'
26%
0
'
8%
26%
54 Va
Springfield Fire Si Marine
10
U S Fidelity &
US
'32%
8%
?.
640
49%
'59%
4
10
51%
62 Va
?B8
,91>
'
Common
10c
1.90
1.95
8
31.07
33.41
Incorporated Investors
Trusteed Industry Shares
-
Union Bond
Fund
Securities
Aviation Group
shares
19.78
Bank Group shares
Insurance Group shares
1.08
1.20
Stock and Bond Group shares-
>
21.67
98c
24.8.6
A—•:
C—
4
Hartford
1,18
Fire—
-10
.
Investment
Co
of
America
10
33.90
—X «? 20.44
22.29
17.21
» if»tmw<* *r..■
n
;'.V3r!;j,o;
Recent
D
'
2.60
7.75
•
.
North
Amer
Trust
B-l
B-2
28.64
31.36
fc
Series
B-3
20.71
22.73
:U S El Lt & Pwr Shares A——
,30.41
Series 1955
i
3.16
Arkansas
.1
109
^'-1974
106%
.Sioux
22 5/4
104%
Vt
Pub
Serv
23/8S___.1975
% Conn Lt & Pwr. 3s
Erie
RR
,;V_- '• 1:
Page 1588
113
1953
1074
27/aS
-'/%,*
101%
108
C
A '
103
< '\*f
y
Texas Elec
:
Texas
: 102%
% 108%
&
.Western
1996
.1973
105
105%
/
.
^referred Stocks—
Bid
Pederal Land Bank Bonds—
3s May
1
1, 1956-1946
VstB Oct
2V4S
(
100.7
1950-1948
1, 1955-1953
1,
Feb.
IMiS Jan. 1,
444:
Ask
Bid
1
■
Federal Home Loan Banks—
0.90%
100.9
;
v
♦Central
108
108
1975
105V4-
'".•
106 V*
15,
Other
1946
^ b0.90
Issues
101 Va
101V4
106
U S Conversion 3s
105
,
106 v
110%
-'Ruppert (Jacob) 4%%—— ,-100
Sioux City G & E 3.90%
-.100.
107%
•Union
Narragansett Elec
3s
Portland Gen Elec 3Vss
101.14
101.15
Panama Canal 3s
1961
.
133
108%
y'
V4.
.
,
107'/a
'
--
Maturity—
tDec
15.
1946.
tMar 15 1947
tSept.
15.
1947
tSept.
15,
1947
tSept.
15.
Int. Bate
1W»%
Bid
100.15
Ask
100.16
1V*%
100.12
100.13
-1%%
100.29
100.30
1948
_1%%
100.18
100.19
101.14
101.15
-
•
Maturity—
Certificates
United States
-
t.09%
t'/as Oct.
.0319
.0215
.0286
1,
1946.
'
■
(Cal)
112 •;-/• 113"
j
*
$3.75—..
b0;375
—
at purchase
..May -9,
QJ28%
0.33%
1946——.
„
—
bO.375
25,
1946
b0.375
0.34%
1946_
bO.375
.
.
106% > ,107%
109
ion
•
110
: ::?
107
1.7% •; 108
0.34%
: :
~
.
'
:
Bid
b0.375 0.'35%
—b0.375 0.36%
1946:
May 31, 1946—
-June
6.
Ask
19461—b0.375 0.34%
May .16,. 1946
V' May 23,
0.33%
'"April
„
b0,375 0.33%
19461
-bO.375 0J5%
1946
bO.375
0.35%
--
May
2,
1
June
13,
June 20,
.0347
1946
i
1946
b0.375 0.35%
b0.375 0.35%
.0409
.0490
.0567
to
.0508
.0645
dividend.
.0494
.0644
a
Odd lot
Stock
sales,
b Yield
Exchange,
price,
d Deferred delivery,
e Ex-Interest. fFiat
price,
market,
s Cash sale—not included In range for year,
r Canadian
(Un) Unlisted issue,
•No par. value,
fin default.
Chicago
x
Er-dividend.
y
.0720
.0881
v
.0447
.0646
UName changed to Garity-Michigan Pie Casting.
the
t Ex-stock
tThese bonds are subject to all Federal taxes.
.0695
Formerly
k Removed
Ex-rights.
.0549
_
'108 V* /109%
..100
Treasury Bills
• v
b0.375
18.
.031'7
1947_
1947 w i
-
1946—
'April
.0447
1947
4
.0349
.0322
"
t'/as Feb.
April 4.
..-April 11,
.0303
.0281
t7/as Nov. 1, 1946
t7/as Dec. 1, 1946
V/bS Jan. 1, 1947
t'/as March 1.
•,
Ask
.0258
_
1, 1946
1, 1946
1, 1946
1, 1946
t'/sS April 1,
March 28,
H
Bid
July
t7/as Aug
t'/aS Sept.
Treasury blll^—
V,
point
t'/aS May
1, 1946
t7/as June 1. 1946—
Oil
-J" i •
Rates quoted ere tor discount
r;v'/'//;•:
Bid
'Ask
Indebtedness—
:
'
O 134
Dollar Price 100 Pins
of
Lt
Power 4.40% ..100
J
.
108 V*
"l
«
Quotations For U. S. Treasury Notes
a
&
—
% ':, rl'
Figures after decimal point represent one or more 32ds of
Pow
Monongahela
109
110V4
.1974
-1975
•
0.80%
'
1947 >102.2
>
•104'
•Potomac Edison $3.60—".
I
April
105%
1953-1951
Ask
;
105%
Par
"
1975
■ff Mountain States Power 38—1975
%
107%
104
.
Minnesota Pow & Lt 3VaS—1975
Obligations Of Governmental Agencies
106%
-
105
.1986
Montana
27/8S
«
Flexible
Shaft
Corp.
•,
96% ♦ / ©B'/a
108
Light 2%s..1975
Tel-3s
Lt
-
104%
•11
Monongahela Power 3[s
Power
u
;
%'
2%sL
Pacific
109
106
104
Service 2%s_....1975
Power
Union
Y'1.
•Kanfl Okla &,Gulf By 3%s.l980
Laclede Gas Lt 3VaS_
.1965
>r\
•5'
Ask
108 V*
105%
1975
City Gas & El 2%s_J, 1975
\
105%
112
K—1980
ser
2s
Houston Lt 8i( Pow
3VeS- 1975
(Okla) 2%s
Southern Pacific 2%s
111% % H2V4
Cent
3.33
^Indiana)
Public Serv
109%
106
3Vb8^.1974
California Water 3 V4S—...1975
-=n
FOR NEW YORK CITY BANKS & TRUST COS.—See
Lt
&
;
2.83
Series 1956—,
Bid
:Fub Setv
Pow
Birmingham Electric 3s^
Series
.
2-82
Ask
Bonds-
8.80
shares—
Series
29.03
Security Issues
Bid
Diversified Trustee Shares—
Oustflan Funds—
42'/4
28.30
Independence Trust Shares
Keystone
39%
12.05
25.89
Wellington Fund— W*
36.85
16.83
-2.50
10.56
11.02
Union Preferred Stock Fund—._
18.92
—J
Westchester Fire
129 '/4
25.63
Unit Type Trusts—
Investors Fund O
3 24%
23.89
} 9.66
Union Common Stock Fund B—
-
1.33
17.27
series
B
Series
Ltd—
4.06
21.85
Series
Institutional
25c
40
134%
38%
35 Va
635,
Guaranty C0..2
Guarantee..—.
\ I
^»57%
1
139/
25
U S Fire—
36
78
—100
S
32%
7
38
101%
34%
:.t
24%
10
Travelers
•41
3Q%
>
:%i
30%
10
Standard Accident
12 V4
.10
Fire
Security New Haven
-50 Va
v
(Paul)
St Paul. Fire & Marine- —12%
Seaboard Surety
10
4Q1/4
57
H
■
,
Corp (NY).. —2
-10
(Texa8),^.
Republic
Revere
-
i/22^-/
11
;■/1
99
—.—8, :.,14%
4 0 Va
..—.19
Reinsurance
66
3$
57%
63 Va
;;
>V.;
i7ya
.
Va
•105
10
Preferred Accident..
113%
20
-15
American....—.....
26 V»
(
'
'
isH
14 V4
2.50
177
37 V*
,—B
1
'
171
24%
Fire com.. .15
v/33}>;
52 Va
1
71%
60'
16%
:i5
35%
31.
•
*42%
67%,
63
.10
—
46%
109%
—5
Globe & Republic—
Globe & Rutgers
'
93c
59
Fire
Glens Falls Eire......
16.10
Corp—
Fire
Gibraltar
114.80
7.74
10c
State Street Investment
•
5.38
,14.77
Utilities *
Standard
W
Income
Franklin
-10
.,213.
v.
33%
.n,....—.....5
:*Faclflc
37%
57
7%
61%
*0
Fireman's Fd of San Fran... -10
Firemen's of. Newark...—8
112.52
V*
...
•
69 Va
,
6%
203.
,
Hampshire Firer—.^.10 /
York Fire..—.—
B
River....-
ft3o;
,,
;
,
86 Va
*
10
Northern
»
28
..
T
_
New Brunswick—
23%
10.05
1
7%
85 " ;
Pacific
18.72
(Detroit)—JO
....
a
11.47
2%
Sovereign Investors
Casualty
10
Crum &
8
'-6* '
5
———,,.10
Liberty
2
National Union Fira
an
New Amsterdam Casualty.....2
National
v
34
.
x
•
National Fire
New
,8.84
——•
Fund, Inc
Selected Amer Shares
-
:
NationaJ
771/4
■
32
„
Y__—.4
"Monarchy-Fire-—i—L——4"1
76
/
;
*
72Va
10.43
4.89
N
.
13.64
17.41
Mfrs Fire
Continental Casualty..
13.40
1
St
10
14.25
18.52
1
^99%
Merch
24 Va
-
.
9.14
Trading
Massacnusetts Bonding..—12%
Merchant Fire Assur—
..5
Connecticut General Life.—.10
18
Republic Invest Fund-,
Scudder, Stevens & Clark
7.25
6.11
Putnam
:
&
12%
—6%,
^
i
.20V4
J1 *>.*.
10.44
■:
Petroleum
7.77
Steel shares
"
8.04
?
r
Railroad equipment
4.43
Tobacco
'
41.
18%
14
Shippers.
9.49
6.95
:
'
I
1i
,39%
New
12.93
6.32
'
'■'
109%
Maryland Casualty-.——.—1
45
12.42
10.77
9.80
11.77"
3.93
shares
12.20
—,
"
20
106
25%
-
/74 V*
City of New York
17.65
16.87
v
r
-
Camden Fira'.
12.35
12.97
Merchandising
12.03
V 5.99
—
RR Equipment shares
Railroad stock shares
stock
Machinery
11.27
10.95
Merchandise shares
16.08
11.24
-
,
f
10
25%
;
22 Va
25
16.93
12.37
Speculative
■
;
.
:
..10
Insur Co of North America
21% A; ;^2%.
35 V*
38%
10
/'Boston
15.77
10.34
10.74
12.77
11.26
equipment
'
•'
;j
...10
Baltimore American.
Bankers Si
15.42
10.60
9.41
Investing
Utility
12.77
4'. 14.36
Insurance
9.90
9.65
shares
18;58
——-—
-
Electrical
7.15
9.01
shares
shares
Bond
Reserve.
American
10
9.84
16.92
10.48
—
Equipment-.^.—--*
Diversified
14.22
6.50
bond
Re-Insurance
Automobile
Diversified Investment Fund
11.91
10.30
Industrial Machinery shares
Institutional bond shares
Railroad
Business
10.84
Food shares
General
; 10.25
8.23
shares-
Administered
'
..3%
American
4-> V'.'
8.95
a
—
Casualty..
American
16.07
11.62
-
——
Fire—.
45%
48%
33
31%/
*I6,/./t, ,17%,
.
—B
..—
35
23%
23%
12%
•
Aviation
Bank
Building supply
shares
Electrical
Fully
Automobile
91 Va
—5
'
Building shares
Chemical
■'
Home
"Homestead
-1 i
t!
yttii:
•
■
Hartford Steamboller Inspect-10
•
55-Va
32Va
li%
American of Newark
18.29
14.63
1
.,
(
•'/
Pay
;60'/4 ■
-
88
.—.26
Ai;tomobile~...^..^.4
American
6.07
Stocks Inc—
97 Va
-
53 %
American Equitable..,
,
6
American Fidelity & Casualty.B
5.46
17.38
1
10
—
American Alliance......10
American
8.36
7.55.
-
—
,
Agriculture
;
6.35
-
Aviation
4.93
$5f 5.46
———«
——
England Fund__-
New York
48.08
Group Securities—
Agricultural
series
9.01
37.22
6.68
Stock
"
General Capital Corp.
General Investors Trust..
J
Speculative series
2.71
...
; A»k
j
:
•■'cr
Jersey Insurance of N Y
10.74
prieed Btock
Life
Agricultural
6.96
Preferred stock series
67%
:w.—;
Aetna
10.72
18.35
94
Aetna
>*1'
7.58
29.04
Financial
•:
!vo'Vlj
17.16
Fidelity
v
^• Bid
,
^
—
series
27.16
Fund
•«.
13.91
1
Fund
Stock
v
12.87
1
Balanced
First
16.71
6.44
sesles
%, Income
••,
Insurance Companies
v
15.56
1
'!
18.39
;
-
~
shares—.———
Industrial
\
Fund
National Investors Corp
National Security Series—•
'
•
Invest
Fund
STatlon-Wlde Securities—
——I
Fund
Dividend
''Mutual
Vfck
1
Delaware
.*
58.10
1
Fund
Fund
Christiana
•
8.96
7.27
Common
Inv
Century Shares Trust
:
17.01
8.07
Fund
82
47.82
Canadian
i
19;86
8-4
Loomis Sayles Mutual
27.16
X44.23
Bullock
•
34.71
Series ■1 g-a.:,. rpyf
Series
2003
4Vas
4s——-t——.'r———*,1994
Cony income 4
.2019
:
33.00
31.60
_
42.11
0
24.19
V 18.07
.
Series .8-2
20.35
Broad Street Invest Co Inc—5
Ask
id2;
100
-1st,
12.74
22.05
r
}6
1983
—
Chicago Rock Island Si Pacific—
11.59
—
2nd
•
•
-
Series S-l_.
8%
Knickerbocker
Bond
(Cont )
„—
.-j
/?ARk
Bid
-
B-4
Series
r
12.61
8
Axe-Houghton Fund Inc
Houghton Fund B
Keystone Custodian Funds
,
'il.42
5.13
11.62
Assoc'ted Standard Oil shares
Axe
,
1st 4s
'A///''•*''•/•-,; Far
6.92 y. 7.57
$
American Business Shares.
American
'•
,•
iftdf
*
Affiliated Fund Inc_
Ask
Bid
Chic Indianapolis <fc Louisville—
Alt'-
Volume
1607
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4475
163
Week
;;v:}.*■
Bethlehem
$6,081^58,586
—
>+.
Philadelphia—
*
:
Jersey—Trenton
\
■
./Baltimore
Cleveland
+ 11.8
+
13.3
192,900,000
+ 13.1
269,599,000
X
215,955,755
+
Total
6.0
—
179,480,021
+ 19.3
+ 22.5
+12.9
$8,962,273,554
$10,813,925,581
+
2,116,440,352
2,162,785,116
•
+
2,2
(7 cities)—
>•'
of
-
•'
;.
■■'-
■
3,976,592
290,454,407
282,315,856!
;V656,139,422
708,754,152
—
7.4
.682,378,027
662,522,774
1st Boston
,*——
—
3d
Philadelphia
10
7
—
4th Cleveland
656,139,422
*—*.«*—
6
IT
769,613.756
4
7
383,017,918
263,018,519
Louis
———
»—I—*,
ii
1
■
'<
'"'"s/'
11th Dallas
0+ ^.4'"
;+ 9.5
427,641,971'
our
ps
/
333^39,124
:
210,948,610
+
7.4
219,945,469
+19.6-.
+12.6'
317,433,069
+ 22.4
152,999,739
4.1
517,432,869
»
11,468,751,497
7.2
4,871,550,794
.
+
,
$
•
%0 New Haven——.—.
J
>
Rhode
New
•
———
Total
■-
-
3,718,546
4,647,249
2,934,611
2,-917,726
4,075,396
*•
3,501,746
/
33,187,000
'
?
,
x
.32,878,000
516,415
%
8,336,845
2,175,739
2,504,177
15,618,960
-6,914,826
^
+ 28.9
2,198,483
3,334,604
'
+35,812,803
14,799,653
19.5
+
554,701,725
=:
8,503,042
+ 54.2
632,939
+
7.9
513,931,289
+
5.7
*
511,420
468,324,685
1;243,047
~
1,880,503
,+* *0.8
+ 31.5
x 5,705,654
5,781,937
2,612,442
2,838,156
'2,193,761
2,174,634
+ 15.8
1,955,175
1,903,515
8.9
649,850,762
596,413,669
7,171,211
x
2,519,105
•
^
+ 33.8
7,672,291
564,503.
y
588,768
5,964,084
2.0
+ 21.2
2,576,935
2,323,264
7,230,996
3,435,371
•;
rr.
■„,
„■
V
(17 cities)
+
:
108,8
4.
.
+
.822,^66
.
..
.
.
.
1,481,698.
+
+
4,959,509
•
-7,919,006
v
504,735,280
47,380,926
1,286,243
+
2.0
1,266,000
356,713,487
+
7.4
i
::
77,092,198
;
199,600,000
70,682,050
.
+
45,068,490
869,000
333,539,124,
316,219,540
District—Minneapolis—^
Ninth Federal Reserve
-
"
——
—4—*
Minneapolis*—*——*-
'
'
Dakota—Fargo***——
Dakota—Aberdeen
140,037,241
+
11.5
k
3,830,015
+
17.5
4
1,785,789
+ 37.9
0 3,535,811
x 1,601,137
+ 49.7
k
*i 1,685,555
263,018,519
219,945,469
(7 cities)
—
/;■;
tV
;
*l
"
4
,
\"v
-
"
'
5,222,200
u
1
v
X
* I.
M
;
i»
..
u
'
*"
1 '
X-
176,480
+4 357,732
,'h5,481,797
89,934,996
4,691,228
l.incftln.
1
82,338,296
.
3,178,674
1,286,917
i 920,721:
+ 21.0
v
4,132,610
4,678,291
+19.6 ;;
210,948,610
198,273,822
+ 45.8
204,266
198,337
1.8
260,228
491,422
+ 16.9
4,231,690
3,927,336
9.2
81,362,375
w"76,860,454
+
+
3,118,646
+ 48.3
8,882,968
—11.1
9,524,570
6,170,091
244,043,145
6,763,970
1,628,963
213,428,696
+14.3
209,973.948
209,453,006
6,541,996
.+ -3.4
6,588,663
1,413,773
+ 15.2
1,468.621
1,602,811
Missouri—Kansas City.—******
St.
Joseph—
Colorado—Colorado Springs*
**
-
1,061,655
+ 51.0
942,470
322,011,470 '' +12.6
317,433,069
Fueblo
/Total (10 cities)****—
-
362,595,624 :
—
2,876,238
2,549,8761!
6,291,510
x
;.
1,148,882
775,390
307,846^04
;
4,416,087
District—Dallas*—
Eleventh Federal Reserve
2,555,239
,
1,325,667:
s
'
257,355
Kansas—Topeka
'./4. 4,624,877
Wichita——*—*—4—44 000.7,893,543
v
+
v
5.
•
i
Hastings**—*4--*——364,167
717.004
46,075,623
.
District—Kansas City—
'"Xr" f
•
3,729,995
138,403,601
455,669,941
Montana—BUlings**.*—2,523,865
Helena————*+——*46,319,039
Total
4,586,203
53,472,746
'59,631,200
4,499,609
2,462,513
North
1,344,371
/
4,612,532
-
+ 5.9
4,360,054
149,589,110 i + 22.3
4,619,295
182,962,998
Paul—"
/XX+/378,881
"1,377,428
•
17,790,600
V, Fort Worth
/
'
5,982,518
167,338,000
.3,341,902
-+79.0
4404,056
3,913,092
.136,086,000
+ 23.0
.124,543,000
111,016+220
17,402,553
*
j
Dallas
5,561,270
16,659,885
4.5
;-V13,981,716
12.483,150
3,095,000
+ 33.3
3,266,000
1,929,254
'+19.2
1,406,642
6,181,410
+
22.8
5,698,325
'
—
./
.
4,127,000
Galveston
547,182
X
\
Texa3—Austin—*
X X/:-18,779,700
;
656,083
| 420,077,093
+11.9
X, 450,947,182
16,441,761
X XX
5,889,324
+21.6
X 18,478,600 f+?2,7.
XX;955;8ll' X2+X4.6.;/'.
,
26.9
—
4 15.2
.
6,513,644
-
.
+
:
Minnesota—Duluth—*
1,012,651
584+794
'
13.1
3,869,755
.
51,196,076
—
1—;
Total (4 cities).
398,903,981
3,096,064
1+28.2
:: 20,443,077' xpii.3'x: ■0017,586,293 0
,•
207,800,000
83,331,168
383,017,918
Illinois—Quincy
'
1,012,708
27.0
5,204,877
«/
i
.
0.1
220,900,000
96,020,754
64,985,666
1,311,498
Tennessee—Memphis—*
3,781,623
363,098,107;
:
+ 39.8
463,598
X
21.1
+
220,700,000
•
_i"
Kentucky—Louisville—*****^**
*
3,550,694
+26.7
1,395,083-
706,921,738
-769,613,756
,
Eighth Federal Reserve District—St, Louis—
Missouri—Bt. ;Louis'_.*****._«^;„...-.
.
$
+388,183,695. +. +11.9 X
•;
1,000:653.
cities).
(12
v
-
8.8
+
33,794,000
v
598,695,248
-
Nebraska—Fremont—1**——
•
Total
4,145,796
3,969,399
12,696,624
; •
Omaha--—**—
3,353,647
.
22,669,500
Island-rProvldence
Hampshire—Manchester
+ 30.7
—.
Chicago—/
1943
1944
Dec. %
003,297
•
18,134,222
Connecticut—-Hartlord-.—-.—at—.;
hf-101.9
16,469,783
'
Worcester—
-
681,382
6,341,601
:
,
19,683,750
....
'
>9,890,920
Dlinois—Bloomlngton.—.—796,401
Des Moines^—
March 16
Inc. or
1945
$
5,887,232
;
371,562,714
•
Tenth Federal Reserve
/..1.881,740,, *
SpringfieliL—^+*-4*—
427,641,971
•>
.
_
Sioux City.AA——
'*
648,123
New Bedford*^--*—:-—-ii-.*
<
+17.0
•
V
>
.
38,347,238
each city for the
'
yl<owell--L—
445,478,952
521,245,764
l* '
'
0.1
,
1,689,132
*
198,222
87,068,540
+
4,728,530,822
3.; 5,182,839,701
434,437,27.5 /
River^+^i+A^L^-£^-^
206,852
46,145,088
510,014,938
.
/11;51<>,52G,- 1Q8+4'-+•11. f
;
■
Fall
4,759,395
92,658,245
46,151,823
+,: 3,446,981
<
assachusetta—Boston.
f'.'.
1.4
+ 11.6
+
t
Wisconsin—Milwaukee—•.
towa—Cedar • Rapids—*
9,862,836,709
4,250,279
.
+ 11.4
1,887,355
45,409,413.
6,520,453
4,374,872
j 7.389,508
St.
•
0:0 Portland-*—-*——
4,905,383
4.4
136,482,640
,544,804,812
•1,259,209
idalne^Bangori-
53,744,658
00,703,153
t
+
198,273,822
•
Federal Reserve District—Bi
First
I
+ 27.2
12,157,076
307,846,304
1946
■
62,614,784
316,219,540
356,713,487
Week Ended
;i
2,155,329
55,678,123
'
+ 23.5
+ 18.8
District-—Chlcag•—
South
i
2,717,659
127,400,000
2,591,191
,596,413,669
8.9
detailed :statem.ent .shbwin^ the+figures for
*.
+ 27.4
2,319,865
*60,602,529
:
8,989,315
38,753,567
42,263,662
153,900,000
295,812
■
+: Terre Haute—.
-
.567,246,097
March 16 for four:years:
Clearings at-—
2,805,587
;
3.3
:•
add
284,459,339
12,599,553
v
+
371,562,714
"'649,850,762
+
U 167,293,451
5,554,032,147
now
166,400,000
+ 13.8
3,844,330
.662,522,774
,682,378,027
I 287,549,751; ^■284,459^39;
7.4
—
322,011,470
.
Outside New -;Ydrkeity^-----.»-w+-.'::
We
+ 35.3
,.
713,693,702
;
.12,792,648,346
week ended
' -
92,002,903
Bend.—^
South
/
5,310,907,511
•689,145,523
:
111 cities.
Total--
—11.0
Michigan—Ann Arbor.—-—-I—'' 1,375,381
/ Grand Rapids
.
8,288,791
Lansing
.
t .4,510,132
Indiana—Fort Wayne
3,643,570
Indianapolis
40,956,000
;
706,921,738
204,741,957
6
"
lax "
.———*.•—
isth Bato .Ftaacisco**^.*L~.t
2,703,645
287,549,751
9.5
15,247,699
,
,
38,154,502
299,928
-
''>.«■
Seventh Federal Reserve
-
165.483,76i:
40,549,290
38,284,390
5,466,007
■'
.'*':}■! ■■■■'•0•*"
'V
0 y
V '
2,615,428
160,617,947
102,639,528
TotaJ(10 cities).*——**.
Y';
4.0
+21.6
•?*•'
fi:;/.
Orleans
I$r v :hl tpt
•.
5.3
+
316,936,074 '; +
347,115,994
—
f>',
+
$
6,779,754,953
,445,478,952 H: +17.0
.362,595,624
LOth Kansas :€ity*——1-—;
172,129,050';
.50,275,080
——13,566,401
;•
51,786,664
——
Louisiana—New
1,206,056
6,207,000
70,704,375'
*
+
Mobile.—*«*-——'
*
316,936,074
521,245,764
9th Minneapolis
2,756,200
2,903,539
61,113,486
:
v
?
83,235,619
93,333,861
..
1,529,100
6,194,000
76,043,986
7,043,000 + + 23.9
8,724,000
;;•■+;■$ 178,982,459
Mississippi—Vicksburg;
454,439,756
420,077,093
+13.8
708,754,152.
.
'347,115,994
10
7th Chicago
8th St.
.<$&
———
JBth Richmond
■
8th Atlanta
.744,010,078
784,096,853
"
11.9
+
6,526,703,243
1943
$
Dec. %
450,947,182
V-
•
7,429,581,162
U
4,226,369
+12.1
1,497,125 ; +37.5
2,058,649
.
Rockford..—
1944
Inc. or
1945
1946 \ v
504,735^80
York*————— 12__
Nev,
+
19,320,400
2,551,130
OF BANK CLEARINGS
SUMMARY
2d
2,295,978
5.2
189,400,000
Augusta—3,573,522
.■■ Maoon—-.1-—■0:p 2,865,144.
Florida—Jacksonville—, >;
71,986,659
Alabama—Birmingham
1
+79,661,911
PonHft
/
19,130,000
+ 20.1
4,657,761
Georgia—Atlanta—
furnish a .summary by r Federah Reserve >I>kstriets:
' * >.
+ 15.7
2,542,917
—14.0
Columbia—Washington-
Springfield—**
-
19,872,400
123,652,424
294,168,624
Decatur
upp.
12 cities
4,221,940
226,234,655
+
4,898,405
252,884,485
/
Nashville
AtlantaReseiye
Week-Ended March; 16—*
*
federal Reserve District#
4,073,155
117,868,777
244,579,118
—
3,053,682
Sixth Federal Reserve*District—Atlanta-—
Di^trict by'17.0%.' The Chicago Reserve District enjoys
la gain; of 8.9%* the .SttfLbuii&serve District of ,74% and the Minneapolis ftese^ve|
Ipistfict of 19.6%.- In the Kansas City Reserve District-the increase is 12.6%', in the
tuallas Reserve District-22A%„andJnJhe San,Francisco,Reserve:District 4.1 %L
•
1.2
15.1
—13.2
22,995,600
*
Tennessee—Knoxville!
;
•
713,693,702
124,939,707
•
—
Total (6 cities)-
+17.1
for the week - covered by,theyforegoing' will appear
furnish them today,5 in* as-'much.lasxthe week
-
689,145,523
257,738,778
Carolina—Charleston
District
•
we
4/792~500 i'
4,4~72~700
5.4
+
223,758,326
^
Maryland—Baltimore
the Saturday figures are not available at
following
186.9
+
4,833,965
4,775,063
—
Richmond*
Bouth
20.7
.
In the
3,905, 600
744,010,078
1,351,542
2,022,476'
8.3
—
Fifth Federal Reserve District—Richmond—
time of going to press.
Accordingly, in the above the last day of the week in all cases has to be estimated.
In the elaborate detailed statement, however; which we present further below,
'we are able to give the final and complete results of the week previous—the week,
ended March 16.
For that week there was an increase of 11.1%, the aggregate of
clearings for the whole country having amounted to $12,792,648,346 against $11,510,,520,108 in the same week .in 1945! Outside of ..this city there was a gain of 7.2%, the
bank clearings at this center having recorded an increase of 14,4%.
We group the ;
cities according to the Federal Reserve Districts in. which they are located and from
this it appears that in the New York District <including this: city) the totals record
1
an improvement of 13.8%, in the Boston Reserve District of H.9% and in the Philadelphia Reserve,District of 5.4
' In the Cleveland Reserve District the totals are
smaller by 7.4% but in the Richmond Reserve -District .the "totals are larger by 9.5 %
■and in the
—
t6,916, 324
11,205,300
West Virginia—Huntington—-«
Virginia—Norfolk
issue of next week. -We cannot
ends Saturday and
1,846,083
/
15.4
130,078,280
$12,976,710,697 $11,078,713,906
Complete and exact: details
6.8
2,276, 858
2,122,989
16,344,084
,784,096,853'
-1_—
1—
Youngstown
Pennsylvania—Pittsburgh
1,704,861,330
*****——.
3,618,461
1,601,962
1,369,353 "
3,002,732 1
13.4
+
143,773,861
Cleveland
$7,257,412,224
Total all cities tor week.
our
229,846,315
155,224,000
All cities, one day—*—**
1,644,960
+ 22.1
+ 11.0
—
Total all cities, five days-
+ 36.9
3,534 ,414
1;867 ,009
District—Cleveland—
Mansfield
—
'
1,913 939
"
Columbus
199,109,182
Other citie3, five days—
in
15.1
325,519,310
'
Ten cities, five days*—***—
>
531,509 (;
1,686,655;'
698,ooo,ooq ::
2,429
—
<•,*r.v-'...+
+
207,079,575
0}
1,999,427
672,000,000
Cincinnati—
299,216,000
:
6.1
4,313,991
,
Ohio—Canton
568,000,000
-----
:*
*
481,659;.
879,207
4.3
—
(10 cities)*—^,
Fourth Federal Reserve
6.9
364,051,451
1—*.—.—-
Pittsburgh
X
+
—
.
;
X"'.v San Francisco
0
437,558,267
225,544,152
0r0\ Kansas City—
Louts
Xi
Lu_—a*.
_i
456,274,
511,698
5.9
+
866 ,006
2,117,492
Delaware—Wilmington—
.Total
571,031
4.8
+
V.
*:*
York
;;
18.1
+
—
916
:
218,100,000
:*.
Boston
$
726,000 000
Wilkes-Barre
+
726 ,726
489 ,610
2,577,025
-
Scranton
28.7
654,000,000
'
■
+
..v
1943
%
>
$4,725,321,849
;
467:743,387
Chicago
},
1945
1946
'.
1944
757,000,000
2,620,432
;
Philadelphia
Reading
;
W.eew. Ending March 23—
'+
.
Lancaster
New
New York—
*
Chester
^nunary,, for" the week follows; .1
/
858,147
466,141
£15,336
'
Pennsylvania—Altoona
telegraphic advices from the chief
cities of the country, indicate that for the week ended Saturday, March 23, clearings
for, all cities of the United States from which it is possible to obtain, weekly clearings
will be 17.1% above those for the corresponding weekalast year.
Our preliminary
total stands at $12,976,710,697 against $11,078,713,906 for the same week in 1945.
At this center there is a gain for the week ended Friday of 28.7 %.// Our comparative
Preliminary figures compiled by us, based upon
'
•$
'V
16
Inc. or
Dec. %
$
Third Federal Reserve District—Philadelphia-
show an increase compared with a year ago.
clearings this week will
Bank
*
Ended March
1945
THE COURSE OF BANK CLEARINGS
Wichita Falls
*2,300,000
7,591,886
+
—
Louisiana—Shreveport
.
?'?;
+
>
7
2,892,000
v 1,311,570,
7
4,866,608
454,439,756
Total. (6 cities)**
1#
*
167,293,451
.<■ ,204+741,957
+22.4 %
136,482,640
152,999,739
+ /',*".
.••.//■'■; + ' :<Ti amen ■■
Twelfth Federal Reserve District—San Francisco■
Second
New
v
Federal Reserve District—New York-
York—Albany
Blnghamton
,
Elmir a
; 75,817,000
.
1,430,684
.=
'
New
-
;
—**_.
York_***_
*
14,576,583
Rochester
9,045,129.
Syracuse
•Connecticut—Stamford-
8,022,971
7,691,360
,
•
13,256,909
1,612,352
1,321,568.
'1,418,412
24.2,
Yakima
68,400,000
<
Jersey—Montclair*** *I——*
'
/
<r
689,556
/
N ewark**—+—*^—-*"——
,
523,297
31,858.462
1,146,786
N-»w
Jersey
48,061,032
t
(12
eittevi
XiL
—„
7,429.581,162
6,526,703,243
4
6,597,200,703 '
14.4
+
9,232,331
"••' 6,858,151
*
—
:
+
4.1
11,771,706
8,966,857
8.395.656
7,046,314
4.5
San
5,134,305,887
12,789,622
14.2
+
+
+•
3.5
•
Santa
370,198
28,427,580
26,958,530
—
8.6
*42,493,060
36,520,314
Barbara-;.
+
13.8
333,468,000
8,363,474
.
6,779,754,953
5,310,907,511
,'■■./
*
Stockton-^*
•
./
Francisco**—____**—j*a.
Jose
7,355,979
510,744
31.8
36,934,158
4
.'
Pasadena*::
*
-
Total
'
—
,
3,213,180
5,947,292
v. '
7
90,485 ,976
84,263,334
—11.7
101,624,c
"
2,308,919
1,590,8
3,046 401^+21.9
78,906, 740 « + 0.9
,
74,402,768
82,123,9
31.974, 913.7 + 15.3
28,554,728
28,715,4
'
'
11,114, 848
—16.9
5,403, 869
309,479 000
+ 26.9
4,248,269
2,949,4
7.8
299,952,000
275,489,9
6,784 037
+ 23.3
+
12,458,983
8,675,4
4,641,522'
3,504,1
2,109, 233
+ 52.3
1.800,575
1,416,4
5,499, 795
+
8.1
4,801,771
3,925,1
567,246,097
544,804,812
+
4.1
517,432,869
cities)^*——*4: / 12,792,648,346
11,510,520,108
+
11.1
11.468,751,497
9,862,836,709
5,554,032,147
5,182,839,701
+
7.2
4,871,550,794
4,728,530,822
(10 cities)
Grand Total (111
Outside New York—
tMimobH
lotal
■
*
California—Long Beach
971,440
•
iNcrtLjrn
e—w—
Utah—Salt Lake City
'
New
*
Oregon—Portland**—*—4.
San
+
79,896,748
•,+» -+8,713,143
v,4' 79,619,620
Washington—Seattle*—**—
1,454,106
71,558,000
—13.2 r.
+
1,201,244
-
6,327,680,407
k*-
< V .X, 6,2091741
+ 17.8
—15.0
1,241,937
—
*
Jamestown
54.3
1,823,767
LI——-I— *——*—64,422,000 r
Buffalo*,
+
6,662,607
*-***—10,281,sis,:
XXI};V 2,149.276
.—*—**.
——
•.-//'
-——
tNnt.
included
—
in
totals.
,
510,014,5
THE COMMERCIAL & FINANCIAL CHRONICLE
Company and Issue—
Foreign Exchange Rales
Buycrus-Erie Co.,
of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank is now cer¬
tifying daily to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the
record for the week just passed:
We give below a
EXCHANGE RATES CERTIFIED
FOREIGN
;r•
,
.
,
1st
Mar. 18
Mar. 16
"?>!
mortgage
$
,.:
:
Free
3.214113
Australia, pound—i
Belgium, franc
Brazil, cruzeiro—
■ .< s
.022848
.
S
.297733*
.060602*
'i/'
:/+
.297733*
.297733*
.251247*
.251247*
.251247*
due
Co.,
1st
3.214113
3.214113
-
.022845
.022845
.022845
.
.051802*
.060602*
:
Northern
'7
.060602*
.051802*
1st
Indiana
and
due
1st
mtge.
1964
convertible
mtge.
Transit,
general
"
,
5%
6s,
series
Inc.—
5%
pfd.,
Free
.909090
.909090
.909090
Oklahoma
.907656
.907656
.908125
.569800*
.569800*
.569800*
Oregon-Washington RR. & Navigation Co.—
Refunding mtge. 3% bonds, series A, due
.020060
.020060
.020060
.020060
.020060
.208766
: +
.008410
.301215
"
?
•
;
.905000
3.227000
pound
Norway, krone
Portugal, escudo—
—__,x—
43pain, peseta
V'-
.238520
Gweden, krona__
;
.
.205800
Scullin Steel
.377892
">377892
.909090
.909090
S .909090
.905208
•Vt .905208
.905625
;
; 3.227000
^
3.227000
;
,
.091324
/■' /■
.091324
.238520 +
.238520
/
r;;
.202020
.040501
;.l .040501 V
v
.
.202020
'■
;'
.040501
,
V:;
.238520
r
.
,
1st
1'
mortgage
&
mtge.
27/as
due
1286 t
.
1
1961__Apr
1288
1
908
Apr
1960_-
1
1032
Inc.—
_Apr
mtge. 4,/2s,
bonds
due
5
B__Apr
1
Apr
A &
ser,
1
1951
1288
1034
■
1034
'".V■■ :■/"«'■
bonds,series, due 1956-Apr
Electric
3V4S,
1
1286
series
A,
& Seal Corp.,
'
Co.—
due
11202
'
>,
1970____—
convertible pref.
Apr
1 j-Z 1290
Apr 20
*
stock
Terminal Refrigerating &
Warehousing Corp,—
1st mtge. 4V4S, due 1948
Apr
1
United Gas Corp., 1st mtge. & collat.
trust 3s due 1962.Apr
1. '
Universal Pictures
Co., Inc., iV* % debentures due 1959_Apr 15 ' "
.040501
.091324
.238520
Apr
652
£3$
0-
4
A,
1960
1st
income
Gas
Standard Cap
h
.238520
V
due
mortgage pipe line
Southwestern
.202020
-.091324
'.091324
1st
-
3.227000 '
3.227000
•
.202020
....
& Co.,
bonds
Co.,
1st
Southern Natural Gas Co.—
>,205800
,377892
(Joseph M.)
debenture
Co.,
Saguenay Power Co., Ltd.
;
.301215
.905000
;v
Si
.040501+
,
xK\
'
.301215
.909090
v
.202020-,
' +
.091324
■
+
v
3.227000
r'
.040501
—
:
:/
'.905000
•
+
.202020
,
.008410
.008410
.
,205800,
t
.377892
.909090
:
>:
.008410
;
i:.. .205800
.377892
.909090
4.033750
,301215
'
.301215
v
.205800
,
.377892
—
; .208766
.208766
4.033750
''
: ;
.205800
——
...
.008410
.301215
'
.208766
4.033750
.208766
4.033750
-
4.033750
;;
Gas
•
1.
Apr
.907734
Natural
.,''1
'
;r
series
_____—1
.909090
Patterson
'
' *'
^
bonds,
.569800*
.008410
.
New Zealand,
1 }1156
stock—Apr
"
income
.569800*
4.033750
__
---
68
649
A___
.907500
.208766
_—.—
—
1
1
Apr
Co.,
.909090
Newfoundland, dollar—r
Official
Apr
Apr*
1949
Paper
Lincoln-Boyle Ice Co.,
.051802*
.060602*
.051802*
;
due
.020060
i*
,
Mexico, peso
Netherlands, guilder—
68
Apr
.909090
.
1
1962..
.907500
peso
Denmark, krone
ISngland, pound sterling
France (Metropolitan) franc
India (British), rupee
Apr
mtge.
.569800*
Free
Czechoslovakia, Koruuo—_—
68
and
B,
International
•:
-
/:
.060602*
.051802*
3.214113
3.214113
,022845
i
.
Official
Colombia,
,
1
Coal
series
.
1
.060602*
;
-;;;.297733*v.Vi
+
.251247*
.022848
..
.051802*
•'
;
3.214113
-——
Free
„
Canada, dollar—
g
.
*
Apr
•
—
Official
$
■
.297733*
.297733* V'?v
.251247* •:>&:* /:/ .251247*
■
Official
82636
1
3%s, ser. B, due 1969_Apr 1
1283
Mining Co., 1st mtge. 5s due 1958
l___Apr 1 > 1285
Hygrade Food Products Corp.—
.J:r:>rT.-•
v 1st
and ref. mtge. conv. 6% bonds, series A
1
£ a.-,;.:.;.;;:,;;:"
Argentina, peso—
3V2S
Power
Helvetia
Mar. 21
Mar. 19
Page
1
—Jun
.
Gatineau
Mar. 15
Apr
...
—i—
mortgage 5V2% bonds, series A__
1st mortgage 5 %
bonds, series B___...___.
1st mortgage 4^2%
bonds, series C
Commercial Discount Co., 6%
debentures, due 1947
Duluth, Missabe & Iron Range Ry.—
1946, INCLUSIVE
1946 TO MARCH 21,
stock__
1st
BY FEDERAL RES ERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
MARCH 15,
Date
preferred
Chicago Corp., preferred stock
Cleveland Union Terminals Co.—
Pursuant to the requirements
world.
Monday, March 25, 1946
695
1292
•
*
-
.233626
Switzerland, franc
;
Union of South Africa, pound—
.
Uruguay, peso—
4.005000
^
,
•Nominal
-
4.005000
4.005000
.233626
: ; 4.005000
.233626
MM&.
.233626
4.005000
4.005000
ENTIRE ISSUES CALLED
.658300*
.562900* :
.562900*
.658300*
.658300*
.562900*-../
V-
.658300*
.562900*
.562900*
Atlas
'
Date
Steel
Corp., serial debentures, due 1946-1952_Apr
Boone County Coal
Corp., 6% preferred stock_________Apr
trict, and $283,000,000 at all reporting member banks.
United States Government deposits declined in all districts.
Reserve Banks Combined
thousands
(In
of
dollars)
• '
•?
(—) Since
Mar.
Cedemption fund for F.
Mar.
20,
1946
'V-//'++''/+•''.:
Mar.
13,
1946
47,289,060
21,
J'0
Davenport
Hosiery
Mills,
Inc.,
.
7%
conv.
§2142
1
■;, 11
j?
1023
V
1279
1421
68
1156
pfd.
-
-
c;|v:1 V
1,594 -r' +V 140,346
787,043
1278
Power Co., 1st mtge. 5s due
1951
Any time
Canadian International Investment
Trust, Ltd,—*
ii-'".'"1; 5%
1st collat. trust
bonds, series A__
_______Apr
1
(-* Certain-teed Products
Corp., 6%. prior pref. stock
Jun
1
Chicago Daily News, Inc., 5% preferred stock__;
Apr
I
Consolidated Steel Corp., $1.75
preferred stock____
July I
Continental Gas & Electric
Corp., 7% prior pref. stock-Apr
1
Curtis Publishing Co., Z%
debentures due 1955
__Apr
1
„
351,705
R.
notes
1153
1
1
1945
505
^
-
1022
I
1026
stock__Apr
1
Dominion Tar & Chemical
Co., Ltd., 5Mj% pref. stock—Apr
1
778
:
Elastic Stop Nut Corp. of America—* '
Borrowings increased $316,000,000 in New York City
:
15-year 5% debentures___________u__—
and declined in most of the other districts; on March 13
Apr 15
'1157
Great Northern Ry.—
"
lh>,
'
*
;
borrowings of reporting member banks amounted to ■'U T:Ai/2%
gen. mtge. gold bonds, series
E, due 1977
July 1,'47
§1513
.$626,000,000.
,
Hydro-Electric Bond & Share Corp.—
•
c
A summary of the assets and liabilities of reporting
30-year 5% 1st collat. trust bonds, series A
1285
May 1
•t Jones .Estate
member banks follows;
Corp.—
v'.
>
.
i
20-year 6% junior mortgage bonds due 1953
1286
Apr
1
Kresge Department Stores, Inc.—
(In millions of„ dollars)
(
,
.A% convertible 1st preferred
; Increase ( + ) 0* y
905
stock-_«__;_—_;..r__«Apr 1; •
Decrease (—) Since
Lake Shore Gas Co., 1st
mtge. 5V2S due 1950——
1286
May I S
Mar. 13,
Mar. 6,
Mar. 14,
Langendorf United Bakeries, Inc.—
:
Increase (+) or Decreasa
<
>:
•
Deposits credited to domestic banks declined $36,000,000 in New York City, $31,000,000 in the Chicago Dis¬
trict, and $94,000,000 at all reporting member banks.
Page
preferred8tock—__^_i:_^_-._—..._»Apr;; i
Butte Electric &
Statement of Condition of the 12 Federal
Gold certificates
Corp.,:
Bethlehem
rate.
Assets—
Company and Issue—
'
■
.658300*
.562900* "
;
_
;
.233626
V v.-is .'TV'/i*-'
.658300* v
■
Controlled.
Bqii controlled
.233626
Vv-'
,
Total
Other
gold
ctf.
18,076,103
reserves
Discounts
and
Industrial
2,096 V
Govt,
advances
—226,985
77,338
291,006
13
1,529 1$i
;—
211,359
*+ V 942
483,560
6
loans
CJ. 8.
'
—
337,068
cash
Bills
13,630,700
—
,,
+ 293,588
3 6,703,914
Certificates
«+
—
32.500 :
1,354,800
—;—
Bonds
I
—
22,592,356
Total
23,077,445
t'J
110
+1,293,403
i+v
43,950
+
loans
from
F. R.
foreign
notes
Uncollected
Other
and securities—
of
banks
other
banks—. W
items
+199,238
—
r+ ''
2,388,190
premises
33,224
assets
7
—
Total -assets —1_
44,105,842
—_
Loans and
3,099,840
+
1
«
+129,346
,
and
U. S. Government
dealers
•
fv
for
'
24,012,331
Foreign
i
«
Other
1,655
obligations
690
2,006
U.S. Government obligations
—
430
——
55
Loans to banks
59,093
+
+
905,073
Treasury bills
773,934
+ 272,464
+
677,811
Treasury certificates of indebtedness
480,804
Treasury notes—
1,756,782
.—J:—___——
481,454
+
1,763
1,268
Other loans—
\+
749,018
5,883
+
—
15,020
+
12,686
7,898
27,230
264,550
<
Obligations guaranteed by U.S. Government
Total
deposits
Z
Deferred availability items
Other liabs., incl. accrd. divs
17,488,012
1,982,452 :i v
V+-
1.1,575
,
+ 113,803
+
72,793 :vv
+
+
;
332,078
Reserve with Federal Reserve Banks—
—
liabilities
43,494,370
___
\\y:<
Capital Accounts—
Capital paid in
593,
180,970
—___
serves
to
deposit
liabilities
to
and
F.
155
+
+
+
,27,428
44,719
+
'144,105,842
+
.
___
+
1,397
263
-
—
129,346
+
'
223
/
adjusted—
—
purchasing or carrying United States Government
ligations increased $175,000,000 and other loans for
City.
Holdings
and
in¬
9,689
Domestic banks
the
$25,000,000, both largely in New
bills declined $71,000,000 in
City, $31,000,000 in the Chicago District, and
$147,000,000 at all reporting member banks.
Holdings
of Treasury certificates of
indebtedness increased $67,000,000 in New York City and $14,000,000 at all re¬
porting member banks, and declined $37,000,000 in the
Chicago District.
Holdings of United States Govern¬
ment bonds declined
$51,000,000 in New York City, and
increased $20,000,000 in the Cleveland
District and $13,000,000 in the San Francisco" District; the net
change at
reporting member banks
was
1,238
526-
and
—
—
13
—
+
~9
+
138
+
42
ref.
&
1st
326
r*
mtge.
& Ontario
Cleveland District, $75,000,000 in the San Francisco
Dis-.
1
8
19
+
Power Co.—
v
;
"»*
•><
■
-
Apr
1 '
§3078
bonds, series A, due 1946
Anytime;
bonds, series B, due 1947
Anytime
Rubber Co., 7% preferred
stock——-Apr 1
§2822
'
7%
6%
5s, series A,
due
^+<"'••43:
+ 283
11
+
1,608
+
—278
+ 6,087
—
94
y.:
12
308
+ 265
8.
Gov't
bonds due
423
/Potomac
9
'908
Apr
1
§2187
1
Edison
Republic
Drill
Savannah
accounts,
Co., Inc., 5%% preferred stock—
Co., 7% and 6% preferred stocks
&
Tool
Co.,
v
4s
due
preferred
conv.
Electric & Power Co.,
Co.—
Seattle Gas
14,516
'
NOTICES
OF
Southeastern
1st
lien
TENDEB
6%
Aroostook Valley RR., 4V2% sterling bonds due 1961
Boston Sand & Gravel Co.—
Apr
12
Page
774
.
debentures
due
1949
Chesebrough Building Co.—
1st mtge. 25-yr. 6% gold loan ctfs.___————Apr
Minnesota Transfer Ry., 1st mtge.; 3%s, .dated 1936—Jun
1
1
82822
Any time
82822
'riv.'-/
Apr
1st
PARTIAL
Company and Issue—
Aireon
Mfg.
Blumenthal
Water
trust
820
12
RR.,
1st
1034
1481
1290
1290
1481
Co.—
bonds
due
mtge.
1951-———______Apr
33/4S,
ser.
B, due
1
7+1290
1986-May 1
May 15
1202
1964_—Jun
Apr
•
1
§1930
1
1035
May 15
Anytime
Co., 8% and 7% preferred stocks..
Tampa Gas Co.,
1st mtge., 5Vis and 5s
Taylor-Wharton Iron & Steel Co.—
due
«
§2862
Apr
trust
(now 1st mtge.)
7 Va %
1
1203
Apr
cumul. Inc. bonds
1958
1
1291
.
-Apr
1
1036
July 1, '47
$2490
Corp., 3Vi% debentures due I960
Apr 15
City Rapid Transit Co., 7% 2a preferred stock—Apr 20
1483
Texas
Power
&
Light Co.—
•
gold debentures bonds, series A,
.
*
:
^
due 2022
United
Air
Universal
Utica
3Vi%
3Vi%
debenture bonds due Oct. 1, 1970—Apr
1
1036
debenture bonds due May 1, 1971—May 1
,1036
Lines, Inc., 4Va% cumul. conv. pfd,
stock—Apr *1
823
Laboratories, Inc., preferred stock
Mar 30/
1204
Knitting Co.,
Collateral
§2824
5%
class A
preferred
stock—Apr
1
Dare
.
1484
-
:
trust 5%
series notes, series "K" and
"L"_Apr 15
Stores, Inc., preferred stock_Mar31
./Walworth Co., .6%
preferred
stock——
Wilmington 3t Northern RR., 4%
REDEMPTION
*
Union Pacific RR.—
Virginia
Any time
.
&
Virginian Corp.—
1
St. Joseph
&*Grand Island Ry.— ■
mortgage
bonds due 1947———;
Apr ' 1
,
Gas
Tampa
*
Mercantile
s.
§1678
preferred stock—Apr
Fruit & Steamship Corp., $7 pfd. stock
Works, 5% preferred stock
Syracuse Gas Co., 1st mtge 5% bonds due 1946
35-year
bonds due 1946—
819
1
,
Stanley
34-year
Any time
Properties—>v,v•
f. bonds, dated 1936.——
1289
1
Trl-Continental
1154
Oregon RR.
1st mtge. 5%
784
Mar 30
Standard
Twin
■
Oregon Short Line RR.—
784
1
Apr
stock
1st mortgage 35/4S, series C, due 1996—
Southwestern Bell TeleDhone Co.—
1st & ref. mtge. Vk% bonds, series
B, due
6%
Mar 25
& Navigation Co—
consol. mortgage bonds due 1946.
784
'
Date
^
Gas
collat.
Pacific
Collat.
Company and Issue—
X
1
-
1st & ref. mtge. 5s, series
A, due 1954
Apr
1
Shawinigan Water & Power Co.—
\
1st mtge. & coliat. trust fund
4s, series F, due 1961—Apr 15
Shippers' Car Line Corp., 4% debentures due
1949—Apr ? 1
61 Broadway Corp., 1st mtge. income ctfs._
Apr
1
Smith (Howard) Paper Mills
Ltd., 6% pref. stock
,May 8
,
Secured
1288
May
1951
t
a list of corporate bonds, notes,
and common stocks called for redemption,
Including those called under sinking fund provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
Consol.
945
1
Apr
Reading Co. Jersey Central, coll. trust
Below will be found
Penn
1288
Apr
1967—
Phillips Packing
801-
+
preferred
4%
§2822
-
1957—
Pennsylvania Sugar Co., 4% debentures due 1952
July
Water Service Co., 6%
priof preferred stock-Apr
Philadelphia & Chester Valley RR., pfd. 1st
mtge., 4%
bonds due
1948
~
Apr
;;V;
1st mtge. (not preferred), 3% bonds due 1948
Apr
Philadelphia, Newtown & New York RR., 3% mtge.
Southern
•v'
1433
series A—Apr 20
Pacific Telephone &
Telegraph Co.— ' '"
>•"
1.'
Ref. mortgage 3lA%
bonds, series B, due 1966—.
26
—
Notices
7 %
§1516
1
.
—
Redemption Calls and Sinking Fund
5-year
1431'
1288
'
preferred stock,
Oregon-Washington Water Service Co.—
503
+
ref.
lien
Norwalk Tire &
339
+
lien &
1st
1
4,944
+
>
\
'
'
convertible
1st
+
+
1
April, 1946_Apr
*.
1st mtge. and ref. 5% bonds, series
A, due 1955
Northern New York
Utilities, Inc..—
970
1,188
■'+"" 466
14
+
Delaware, Inc.—
Clock Co.—
cumul.
Niagara, Lockport
15
472
+
—
deposit accounts except
U.
nominal.
adjusted increased $97,000,000 in the
10,038
—.
demand
to
for
of* Treasury
Demand deposits
15,612
during week
ob¬
New York
all
1
1286
1
sto<i|c——Apr
Haven
6 V'a %
1,169
$278,000,000
industrial and agricultural loans
$28,000,000.
Loans to brokers and dealers
purpose declined
6
+
—147
series of 1929 due
:>/
Commercial
same
37,678
Foreign banks
Borrowings
interbank
loans, $283,000,000 in demand
deposits-adjusted,
$265,000,000 in borrowings, and a decrease of
York
—
84
+
ijt&A 4.'
&
Interbank deposits:
4.1%
The condition statement of
weekly reporting member
of the Federal Reserve
System in 101 leading
cities shows the
following principal changes for the
week ended March
13: Increases of
$184,000,000 in
States Government
deposits.
New
Pago
I
banks
N'
2,237
U. 8. Government deposits
Condition Statement of Member Banks
creased
Collateral gold notes,
+1,182
10
May
.Apr
—
'
V
National Shirt Shops of
$6 prior preferred '
';!3 %■
Time deposits
Debits
5+1
.
in United
—
19^)
stock—.
Peoples
Liabilities—
39,637
+3,562,291
43.6%
1,968
'25'^
class
due
5s
653
1,$
Date
*
A
46
,
indus¬
trial loans
13,987
130,202
-
R.
combined..make
1
358,355
731
3,457,476
Demand deposits
Total liabilities & cap. accts._
Ratio of gold certificate re¬
note
+
.
,—
Commitments
127,794
••
Burplus (Section 7)
Burplus (Section 13b)
Other capital accounts.'—»—
'-
+
10,051
Cash in vault-
1,986
Balances with domestic banks.
Total
■%'•'
+
—
6
-
3.440
Other securities
1,366,630
+
291
16
+
—
1,136
—179,564
'
__
>■+'1753
f
1st mtge.
Inc.,
;Apr
——
'
Merck & Co., Inc., 5)4% and
4V'2% preferred stock
Jun 17
Miller-Wohl Co., Inc., 5% convertible
preferred stock__May 1
Mira-Mar Hotel Building
Corp., 1st mtge. 4s due
1950-Apr) 1
Morris Plan Corp. of America—
*
'
*
'
1|300
,
15,483,606
^-v-Vy
Member bank—reserve acct.
U. S. Treasurer—gen. acct._
+
pur¬
Real estate loans—
Reserve notes
Deposits:.
stock
Lyons-Magnus,
+ 3,802
28
+
Other loans for purchasing or carrying:
+ 3,562,291
preferred
Litchfield & Madison Ry.,
9,594
+
s
Other securities
Federal
+184
Other securities..
4,437
Liabilities-
+
and agricultural
chasing or carrying:
1,146
—
brokers
to
50
67,749
15,221
Investments—total
7,486
Loans
6%
1945
1946
Company and Issue—
Commercial, industrial,
253,517
■/.-+•/
7,590
1946
.
Loans—total
59,935
+
5
10
—
h
Assets—
;
+3,388,449
/— v7 6;
6*^586
7
49,801 ^
229,130
+
,
27,760
161,158
+
288,450
—
p
7
143,901
17,900
—
902,942
Total U. S. Govt, securities
Bank
1,747,117
+
„
Notes
Due
2,397
-
I; .;
securities:
——Apr
1
gold stock trust ctfs._Mar29
1484
*
1330
1330
Winnipeg Electric Co.—
Date
Corp., preferred stock——______._Apr 30
(Sidney) & Co., Inc., 7 CU preferred stock—Apr
1
Page
Gen.
1149
and
1153
•Announcement
mtge.
series
bonds
and/or
B_
debenture
,-f
in this
issue,
.
Jin
stock, ser, A
—_—May
Volume 161..
+
1
§In Volume 162..
•
Volume
163
>,
When
DIVIDENDS
Dividends
first
of Reo.
current
which
are
week.
follow with
Then we
second table in
a
show the dividends
•
•
•
—
-
3-31
ifami
of Company
When
class A
8%c
(quar.)_
6-
i
5-14
30c
4-15
3-29
National
25c
3-30
3-22
National
3-29
3-30
$1
8-30
3-20
V $1.75
3-30
3-20
4-
3-22
75c
$$2
Alabama Fuel
& Iron Co.
(quar.)—
Markets, Inc., 6 % pfd. (quar.)
Allemannia Fire Insurance ,Cq. (Pitts.)— •
20C
Alters Super
•
Extra
■
.
.
American
.ft
Manufacturing
Bemberg
Corp.,
«
(quar.)
Co.
common
.—
Bft
Class
3-20
8
3-14
4-1
3-28
4-
'
25C
.
3-20
3-30
40c
—
3-22
3-30
•
6c
.
^
—
3-15
1
4-
$1.50
25c
*
Allis-Chalmers
4-1
-
25c
4-1
.
7%
Cities
Power
American: Coach
American
ft
Light
Corp.—
St
]{•'*
Body——
Electric Securities
kV
'".ft 4- 1
3-20
10c
——
>>3-30
3-27
5%
•
i
preferred
Co.
(initial
News
Co.
yy.v
Illinois-?- .,>•'•'>
of
quar,)
(stock
4—10
Glass
Corp.
4-15
-
3-30
■
-/
•
4-
1
3-20
100%
dividend)*.-
3-23
3-13
(Abilene Kansas)-?—
Corp.
4-15
$1.25
3-30
ft;
Co.—
$1.25
(increased)—
25c
4-12
5- 1
v
.
!U- 30c ;
(quar.)
Industries, Ltd.—
Ordinary registered (annual)
Atlas Plywood Corp.
(quar.)-———
Atlas .Thrift Plan, 7% .preferred (quar.)
Ault
&
4-
-4-13
.
3
3-20
4- 1
ft"
ft
10%
4-17
25c ft "ft 5-
:j;
4-24
1
4-1
$17'AC
Proprietary, Ltd.—
preferred (quar.)-
Backstay
Welt
Badger Paint
Co.
Quarterly „i
'
Stores, Inc.—
-
Baldwin" Company
Bank of Yorktown
fs
Beaton
Saco
&
-C
_—
...
<N.
-
Co.-
Bft (quar.)
Boston
3-20
(quar.)
75c
4-
prefetred
3-21
3-13
4^10
Helena
40c
3-30
3-15
Herbrand
Brainard
Insurance
6%: preferred,
Canadian
Carter
<J.
W.)
W.
25c
■
Aguirre
Central
>
Franklin
New
v*
4-
/
4-
4
3-29
North
3-27
3-20
Northern
I
;V> $5
4-15
3-20
4-
1
3-30
3-19
4-25
3-30
4-30
4-15
4-30
4-15
4-1
3-25
4-15
3-30
(s-a)—
4-15
5-
•
5-15
,
(quar.)
6-
2
4-15
>3-23
,
3-23
3-29
15c
$$1.75
7- 2
>•;'
3-30
1
4-
»
;.6-
.
(Initial)—
!——...i
*:v
;
3-18
3-30
\
■"
Co.—
^
,
„.
.
.
,
3-30
3-16
4-15
3-30
;,
^
ft
(annugl)
Cta$s ' A
'
e
•
__.
>;
Cherry
•
Rivet Co
{quar.)™—
3-30
2'Ac
$i
■
-——
4-15
,
Yards
City Title Insurance Co. ; (N.
Cleveland-Cliffs Iron Co., $5
i
Cleveland
'
r
Stock
Union
Co.
(quat,) Sw
pfd.
(accum.)
Yards
CN. Y.) new com.
Class
?
A
-
Collins
4-20
Philadelphia Co., common->(4uar.)!!—
6%' preferred
(s-a)
!-'^--r.---—!!—; >
Philadelphia Transportation Co., common—
1
3-18
3-20
4-16
4-1
y
prefej red
$2.75
'
Commonwealth
$6
preferred
&
^
Quarterly
$2
'
t
Plainfield Union Water
3-30
Potted
4-10
Consolidated Grocers Corp.,
5%
pfd,;
4-1
'
$6 1st pvefierred . (quar.)
-Consolidated Rendering- Co;*—'
: New
common
(initial)
Continental
1
f
'
.
4-1"
4-15
-Corn Exchange•
.
V"
4-
!....
■
;
:(
V
6%
4-1
3-28
4-10
1
3-20
3-23
'
4- 9
4-26
3-25
t
^
x
,
'
>
Maxwell: &
Calculating
%
3-30
Terre
3-30
3-20
'*;*y;Corp.■
4-
3
3-29
Texas
4-2
3-25
37'Ac>Jf,
4-15
<3?3L
(irreg.)—22c >>:
4-20
3-29
1
1
3-18
3-22
Midwest
$1.75
3-22
Millers
.
20c
y
>-;4-15-.';:> 4- -.1
Extra
4-1
.!t, 5 %
-
3-18
,4-11
3-14
$1.50
4-
3-21
1
'
J,„v
i)
/
1
o0c,
$2
4-15
6-29
4-
1
8-14
——
$2.43'A
$25c
Falls
50c25c
,
•!—_!—
—
—
;f:>
15c
Missouri'Power & Light Co.—-"
. ■
' 1'
$6
preferred:-'(quar.)
> ' $1.50
MonairR;' Knitting Co., 7%
preferred.—$$0.0383
Montreal. Loan & Mortgage Co.
(extra)—— >> $25c •
Morrell (John) & Co.-(quar.)__
-_i_——r!
50c
Mountain
States
Telephone
&
Telegraph
*
'
,
'
Co. - (quar.)
—
—
,4-
I
5-15
?' 6- 1
,5-15
$1.25
»■; 4-
1
3-20
ft$2
4-
1
3-20
5-25
4-19
$25c
,
.
--!!!$1.50
>;4-15':i
8-1
3-20
4
>
4-15
:
3-10
3-30
>:
4-10
ft. 3-27
>,
4-
1
3-15
4-
1
3-25 i
4-
1
3-25
3-15
4-1
I
3-30
;
4-13
> 4-15 *
"
'
3-30
.8-28
4-
75c
3-30
3-25
5-
4-20
1
ft 3-28*
4-
1
ft;3-28*
4-
1
3-15
4-10
4-' 1
4-10
4'
3-15
5-
1
3-30
4-
1
3-19
>:
3-30
:
3-30
.
St
#
">7%
4-15
3-30
33c
3-31
3-25
50
4-2
8-22
5-
$62
8
4-
1
$1
3-20
-; >,
v
$0.2658
6-
1
^-15
$1.20
5-
1
4-ik
4-
1
Acid
8-21
$10c
4-10
300
3-30
3-21
y
3-23
ft
l
1.
r
60o,
6-11
$75C
■
X
•ft 6-
-
{,
V-
5-1
50
4-15
4- t
;
4- 8
: & 4- 5
4-15
4-18
4.
200
6-15
4-15
5
8-22
6-1
4-10
5-1
30C
4-15
25c
-•_ii-j.-4.wi-i—
4- 4
$1.50
$1.75
(quar.)_-_
5-15
(quar.)---
(quar.)
—
(quar.)
.
SI**
25C
4-
1
3-23
$1.75
4-
1
3-23
70c
4-
1
3-20
10c
3-30
3-15
15c
5-
1
4-16
10c
5-1
4-16
20c
3-30
3-15
1
3-20
"
;>
$1
4-
preferred
.
<
y
.,
(4uat.)...
3-29
4-15
20c
4-
1
$1.75
4-
1
3-31*
1
4-
—
50c
——»
(Initial quar.)
Sugar Co.—
I
4
—
——
8-30
4-
20c
—
4-10
ft(ft; 5-
$40%C
,(quar.)—_——
Co.,-416 % >pfd.
:k*
^
1
4- 4
6- 1-
$750 r.
—
$6 pfd.
pfd.
6%
Pictures
A
4-10
'
w-'i
class
A'
3-20
$10c
—————
Foil, class A—
Class B —
60c
8-1$
r
250
(quar.)
2
Utah-Idaho
V
4- 1
•k-^;"75«^
(quar.)——
(initial)-*----*.-*
S.
Upson
.'•
.
Income
Universal
6
3-
3-20
25c
106
Co.,
preferred
3-20
7'Ac
Light Co.,
preferred
Water
\
62'Ac
United Rond Fund (Irreg.)—-—;—^—4
United Drill & Tool, class A (quar.);
V U.
.
!'.•'
3-20
150
62^0
4-?:-.
Ltd., com.
(quar.)
••
l
1
V
common
•
4-1
-
4-
(quar.);
7%, preferred
4-30
-
.
-
■
4-15
3-1S
1
35C
.v
Fund (irreg.)———
United Industrial Bank (Bklyn.) „(quar.)—«,
U. S. Smelting Refining & Mining Co.—
3-15
>4-
4-1
8%c
50c
Thompson
United
3-15
3-30
3-21
10c
7'Ac
Preferred (s-a)
Malleable
&
Manufacturing
Haute
Qlass
5
4-
3-30
-
$3
'
"
!
4-16
5-15
50c
$$1.75
(John R.) Co. (quar.)_^—-—
Thrift Stores,
Ltd., *3'A% 1st preferred-—
Tobin Packing Co., common (quar.).,——!!y
7% preferred (quar.)
1 Trenton (N. J.) Banking Co. (quar.)■-!«—-
6-17
M
25c
ft'"
!-
Phosphate
Canada,
Power St
7%
Texas
6-17
20c
Supply Co., Inc. (irreg.) !>"
Co., "com. (quar.)!_—--&
7prior preferred (quar.)"--f- $1.75 "
Mississippi : Shipping Co. (quar.)——.25c
Co..
50c
-
Shoe -.Co.-_-_.-——
Piping
1
6-
—
,
>
3-23
1^5%! preferred
Mercury "Mills,«Ltd.> increased)
3-18
4"
Talon, Inc., 4%
3-23
1
y
3-251
4-
V
(quar.)-
3-25*
,3-19
3-15
3-30
-
Co
preferred : (quar.)
Superheater Co, > (quar.)
4-15
pfd.
3-25
48c
—.
—
(quar.)—
of
.
3-22
.
4-15
$2 '
30c
3-20
256,;;
3-15
,
I
yl:4-"l
(accum.) ————$$1.87%
preferred
3-30
4-
3-25
W&
4-
>.
^
Wholesale
Co.
7%
1
4-
$1.50
.;
10-1
4-1'
y
St Electric Co.—<
(quar.)-
(quar.)
■
Screw
Works
Steel
•
Sun-Rraft, Inc,,
*
McQuay-Norris Manufacturing Co. (quar.)!
25c
'''4'A% preferred (quar.)o.i.i._i._——*
$1.06'A
Merck & Co., Inc., 4'A% preferred.-> $2.08%
3-20
Class. B
>
McDonnell
6%
10-12
50c
5
$1.25
(quar.) ————
Radio, Ltd., class A (quar.)——
preferred
6%
Standard
3-11
Aircraft Corp.,
; 4.1
—
Fuel Co., Ltd.—
preferred
6'A%
•
4-15
Moore, Inc
Machine Co,' (quar.)
Trust
4-22
5c
—
Standard Paper Manufacturing Co.—
3-20
4- 1
preferred
4.8 %
>:
3-20
4-1
1
'".4- 1
'
'
1
4-
4-22
fic
(quar.)——————
Indiana Gas
Southern
4-15.;
3-22
ljw\
4-
4-25
5-1
40C
.
preferred, (quar.)
4'A%
•
i'
•
.
3-28
Southern California Water Go.—
3-29
1
.
Mid-States
it
:"
3-20
$1.50
$1
preferred (quar.)————
Segal Lock & Hardware-- y
$2.50 preferred (initial quar.)
Shuron Optical Co.
(quar.)
!-—
Simplex Paper Corp.—
Smith (Howard) Paper Mills, Ltd.—
->• 6 %y: preferred'
!-w———,—
Smyth Manufacturing Co.
Snap-On Tools Corp. (quar.)
——
3-15
4-27
1
75C
—1 -i——;_L.
-
3-30
4-10
12'Ac
5%
•
3-20
4- 1
1
,
"
5
4-
..ST. 1
$1.25
$1.37'A
Sugar Refining Corp. (quar.)
Commercial Corp., common
Seaboard
.
,7% !lst preferred.'Xquar4^-!!L!i-^-ii-~ii'i';;^"''$L75'
:
7% : 2nd preferred (quar.) ——
.
$1.73
t
Mac- Andrews ■ A Forbes, comtttctt:
——^;
-35c ;
!> 6% 1 preferred (quar.)-*!=.*!ifc^c-^.—-;'.'.$l.50.>'y-.'
Macmillan .(H. R.): Export -(quar.)5c
Macmillan Pet-toled'tri* 43orp^-i,—> 15c >
Massachusetts Investors
,1
h Power Co.—preferred class A (quar.) ———————————
Ltd.—
Savannah
3-15
3-15
4-11
4-
j
2-28
:
Lawrence Flour Mills Co.,
7%1 preferred
.
5-
4-25
1
•;
:
(quar.)
:
3-28;
Lit Bros,; 6%preferred, (accum.)'§>• $3 y1
Clocks Manufacturing- Co. (irreg.)
„
1
20c
12yac
preferred .(quttr.4;-,_'-—-ii--_ll'__!_!_';
Shares Corp.—
preferred "-(quae.)-*
3-15
5%
St.
1
Ci'um- fe'Fonter
8%
3-25
50c
4-
,$-19 *
6'AC
» \256:-»
(quar.)
St. Jdseph Light-
3-15
3-15
4-
.
—,
1
3-31
4-
Works^- ' ^
Insurance
Cortiihdni <quar:)V.u—
.
25c
(PhilaK-; (quar;)>
—;
Courtauld's, Ltd., Ord.-Reg. (final)
Crompton* & KnoWles- Loom
3-15
4-
4-15
5- 1
20C
!-
common——.-
preferred
conv.
4-19
.
Trust
1
5%'
5- 1
-
5-15
..
4-
v
:4-
$5c
1
4-30
$75c
(initial)-—*.——-—-——
common
Standard
-
3-20
$2.50
3-15
$1.50
1
3-25
1
Indiana— >>>■:
Is.)
4-
5
1
4-
$$1.50"
Rickel <H. W.) & Co. (quar.)-!--!—
Rio Grande Valley Gas Co., vtc.-—-
$1.25
$1.80
New
Standard
Marchant
of
Reynolds Metals .Co.,
>
'
-w* J
National Rank &
;>>
3-19
yyy
Co-,
Rhode Island Electric Protective Co.
4-
4-
>4-
'35C
Worcester RR.- (quar.)
St
3-31
,4-.6'>
3-26
4-20"
4-15
>
.
> - 10c
4-20
4-1
5
4-15
;
$$1.75
3-30
1
4-
V')
yy,!
3-15
4-1
Manning
t...
7>;r \ prior-1 preferred—
Continental- Steel Corp.rrr.^
; New
common :(initial)-!.—
r
3-30
3-28
3-15
4-29
100%
>
Co. (increased quar.)
1
A-
'
3-15
.;
4-12
10c
4-15
4-
3-29
3-20
'
^
3-23T
4-30
25c
3-18J
3-27
3-20
3-28
5-15
4 'x •
(quar.)
Foundry & Machine Co.—
(reduced)-!--—;——_———
4-30
:
4-11
'-
v
\
;■ Common
4-30
1
6-
3-18
I
4" 1 '
'»■
25C
-
8-1
8
'
—
"
3-16
4-
V'!:.
'
-
3-23
Lux
•:''v Consolidated Machihe Tool—
V
-
1
4-
4- 1
■
10c
'
4- 1
3-23
-
y.
' 30c
3-27
•
1*
-
."Lawyers Trust Co.- (N., Y.) (quar.) Ji,—
25c
Lehman Corp (quar.)
—;——30C
Leicli''-(Charles) & Co. 7% preferred (quar.) p $1.75
Lerner Stores Corp., 4'A % pfd.!.(quar.)
$1.12'A
Mabbett (Geo:) At Sons Co.~ 4 ' ' ;
i
:
5-
75c
3-31
$1.75
il—.ut—.
Filnik Industries, Inc.-^ f -v pieferred .(avccum.)i-iiic-iil-i.l_i'—_'i
•
3-21
4-
$1.25
(quar.)
Inc.
Common (increased - quar.)
5%'■ - preferred ■ '(quar.)*.—^.i—^4-"
Public Service Corp.^ of New Jersey—
6%
preferred (monthly)
—
Pyle National Co., common (quab.)-——
8% preferred (quar.)
Quebec Power Go. (quar.)—
Quincy Market Cold Storage
Warehouse—;
y >•' Extra -■*.»;*>————i—«.!!.——» '
Reda Pump Co...———— <
y Reed Drug Co., common (quar.)^-———w* '
>
ClassA /(quar.)-—-—:
Reliable Fire Insurance Co, (Dayton)—
Quarterly,
:
Reliance Life Insurance (Pgh.)
(quar.)
Reliance Manufacturing Co.
(111.)—
3-30
(quar.)—!-—.
3-15
1
3-30
50C
7%
Paper,
Service
3-30
6-9
$1.'
Public
3-30
3-20
4-1
(accum.) -X '
8- 1
zr-
1
-
1
4-
•
$1
f
4-15
.
4-
40c
'
Co.,-8% pfd. (quar.)
Co. (quar.)
;
preferred (quar.)
(Fred B.)
Providence
$
"
6-22
Gamble
&
3-30
4-24
4-1
'
-preferred
1
4- 9
-
C; 3-30
".•15c
(quar.)
CO.: ■——!!—<*!!!-!-—'
4-15
4-15
50c
■
!
3-12
Consolidated
'
ft
40c
(quaf.)
Connecticut General Life Insurance Co.—
'
'
Southern Corp.—
7%
i
.
Fashion Mills,
Full
4-10
3-21
•Latrobe Electric Steel Vo. -(quar.).——
3-21
1. .V-
<,,i
...
(afceum.)-
Concord Gas Co.,
■■■•■
%c
$$5
2'A %
———
,Comn\eicial. Trust Co. (Jersey City)
f-
.
4-1
68
(quar.)
Corp,
Quarterly-
•'
,
4-1
$1.25
Ltd. ?(interim)ei^i-j.
(stock dividend) :_i
Comniei cial ^ Rati, Bonk - (k -Trust ;(N, - Y,)--
'
1
4;
*
Pilot
4-15
6%
-
3-22
3-25
$1.50
$2: jblass-' A (quar.)
—_——
Class B
(quar:)^!_!i;-iv-~~-.------?.--
3-26
1'Ai
Co.
4- 1
4-15
3-?2
3-20
3-18
37'Ac
(quar.)———-
Rubber
&
Participating preferred
—*—
Participating preferred———
'8C
3-26
1
2
25C
Co.
Stove
Tire
Standard
4-
preferred
>:
,
iangenddrf.vUhited, Bakeries, Inc.-"
ve2iAd"': >4-;tpy>-^15
Steamships.
Columbia' Pictures
4-15
1
2'Ac
ra-%$,•-
(quar.) __
preferred (quar.)
Inc., 4%
3-20
4-30
(quar.);
4-
-.t*.
.
*
(quar.)
/Radio; Co.,
Colonial
Keycs Fibre Co., 6% prior preferred
4-2
.
Collatrcitl Loan .Cq.i/(BOst(Mi)-—
I' > Redjicett : quarterly s
: r
3-16
20c
(initial)
Coca-COld-BottHrtg'Corp:-"
v
,;<'-*i$2.50
3-20
1
$1.25
—■——;
Clinton Trust Co.
4
3-19
1
!
3-20
4-
50c
3-25
30C.
12'AC
(quar:)"—
3-30
4-1
$1
4-
4-30
preferred (quar.)-__
Mines, Ltd..——
4-*l
<.,!15C;
$1.25
,
$1.25
6%
Gold
3-21
4-15
Pennsylvania
V 15c
com.__
'-Refining 4Co.^
Kerr-Addison
3-26
3-30
,
3-29
12'Ac
Co.,
4-
15c
Y.)
Cliffs 'Corp,.
■
(quar.)_
3-28
1
'
25c
4-
—
Stock
.
Pharis
■
.
Kentucky Utilities,
3-28
1
4-
y>
Perfection
$1.25
40c
(quaf.)
Switchboard & Supply
preferred (quar.)_!!-—
Kendali
:
Union
3%
1
4-
(quar.)_
A
3-25
62'Ac
Inc
Stores,
Kellogg
3-23
>
Departinent
(James R.) Corp.
Co.
(quar.)
Kellogg
4- 1*
"iX
■fcfi-
3-30
-
Cincinnati
Kaufmann;
4-
75c
:
Electric Power Co., 5%
Kearney
V; Chicago'Railv^yiEquipment^Cn^K- . vr-?^y;
t 43%c
7%
preferred - <quarv)r—j
—.
; * Chlca go. Title mnd Trust; Co.?—
.;
60c
(new $20, parV -(initial)v
Chillidothe Paper Co., 4'/a%.pfd. (quar.)
$1.12'A
.
3-21
Sohs 5%
y
pfd.
3-25
25c
preferred (qtiar.)
pfd. (quar.)
(E.)
Kansas
3-15
$2
1
1st
Itahn'S
3-30
1
Co,-—
4-1
,
3-12
.
,
4-15
Chicago-3s Eastern Illinois RR. Co.-^
$2 class A
•'
1
4-
■
Chemical'Fund, Inc. (irreg.)——
4-
$1.25
Worcester RR,
3-20
-
$1.19
v 4% %~preferredM<luar.)r
Chamber of Commerce Building Corp.—ft
4-15
$1.75
.
3-23
4-1
>
•
1
'Co.
Insurance
3-30
5-20
1
4-
5-
$1.50
y
_
1
-
'
-
4-
>•
I
4-15
Illuminating Corp.—.
"T
:
Participating preferred class A---~-~-««rk
>Pere Marquette Ryr Co.-^
'* '
f
' '
5% priod preferred r(aCCiim.).!--——'
3-23
:4-1-
.
4-20
'
•
»Central Kansas Power
1
50c
i
15c
,
4-
$1.50
: 4-
4-
3-30
3-23
3-23
1
97'AC
Peerless Casualty Co. (s-a)-—
Penman's, Ltd., common (quar.)—-———.
6 % * preferred
(quar.) _I———j.——>
,
6-3
4-16
20c
4-15
'
3
It 2
;
3?'Ac
(quar.)
r
4-15
10c
3-20
I
4-1
.
9
J
k.
$4c
—
4-30
->, 3-
4- 1 •>•:
$$1.50
——
:>60c?cohv.
4-10
f
.-.
/■ t:
.,.j
1
5-
1
3-21
$1.45
.
y.
(quar.)
National
Pathe Industries,
4-
2
50c
'
(quar.)
pfd.
5-25
4-
25c
-
Of Commerce
4-
50c
—.^—
6%
3-16
.ji
(N/Y.)—*
Formerly Morris Plan Bank of N. Y
4-26
$1.25
i-v-—
Ltd.—.,
!——-
—
$1.50
1
—
5-30
25c
25c
^ (quar.)
Co
(Minn.)—
3-21
3
3-29
.4-30
1
4-
3-12
Ltd.
Co.
•fl'A % -preferred ' (accum.)
Packer Corp.
(quar.)
7
—
Park Cheniical Co., 5% conv. pfd.
preferred (accum.)
30c
Institutional Securities, Ltd.—
•
•>'; Aviation-. Group y shares—*,-—!-——-—:%50c;-y
Stock
and Bond Group shares_^>__«—!
20c
Inter-Island Steam Navigation
25c >
International Milling / Co.; Ltd.—
:
4% preferred - (quar.)>»_—
—
^. ,$1\'
Interstate Telephone Co., $6 pfd. (quar.)_—
$1.50
Investors Fund "C" Inc.——
—
13c
Investors
Mutual
(irreg.)
8c
Iowa Electric Light & Power Co.-—
6% preferred C (accum.)—:
75c
6 'A %
preferred B (accum.)»,
81'Ac
7 c/e preferred A (accum.)
,r-—.u 87 'Ac
Jacobs (E. H.)
Mfg. (N. C.) (quar.)—{
50c
Jeannette Glass Co., 7% preferred (quar.) _
$1.75
Jenkins Bros.,
founders shares
$1
Non-voting common ^-..-..—>—
25C
7%-preferred (quar.)n..—$1.75
Johns-Manvillc Corp., 3'A% pfd. (quar.)_l
87yao
5
3-21
4-17
Industrial Brownhoist Corp.—
6-
5-
3-30
5-15
3-21
5-15
.
3-21
4-20
3-26
1
8
15c
3-30
4-1
4-15
Co,
Salle, Inc..
4-15
■
Rubber Coxp., common.
_4'
5% ' preferred (initial quar.)fc-!!—
Gx! Fibre > Brush-—
—Facifid Mills ' (stock dividend)-y.--.-----—. ;
Pacific Portland Cement Co.-—.
3-20
La
3-30
O'Sulllvan
3-15
Gas
50c
—
3-20
Industrlal Bank
4-
EOc
(quar.)
&
12c
Huroii Holding Corp.r-i - —
.. .
.
On Aeyr 10c par value stockIllinois: Zinc Co. (qUar.)~..!.!..u*.!_-..!.i!!i
4-
15c
,
3-25
100%
(quar.) —
3-26
50c
preferred (quar.)
'Gil Gear. Co.,---—
Olin Industries,
Inc., 4%
3-15
Go.
1
,
8%
4-15
Honolulu
COc
37'Ac
62'Ac
■
4-
Products
3-30
4-
;;$i2c
(quar.):
Norwich
.
1
Honey mead
4-
4-15
30c
Light—
Power
preferred
(Milw.)
-
3-25
4-22
St
(quar.)
Northwestern
4-22
$1
dividend)
4-15
20c
$1
Manufacturing
preferred
1
(stock
15c
25c
V
(quar.)
States
5-
Hotel: do
DOc
"
Judd
&
4-
3-23
;
preferred
7%
•
'
1
1
4-
4-15
1
5-
—
Northwestern Electric Co.,
3-29
-
3-15
(quar.)
4-15
————
Co.
3-12
:r
3-22
B
Provincial
Process—
common
6%
Prophet
3-20
4-25
$1.25
Co.—__—
Associates
Class
3-30
Proctev
Powder
4-15
4- 2
7%;:preferrM/;.(accum.L-^^ir-w-Uu.i--■ ■■ :.;$3.50.'
Central
3-30
4-15
3-20
3-21
100%
--
Association
(irreg.)
Co. (quar.)
7% preferred
A-15
;
Co.
3.90%
preferred
(quar.)
Newport Electric Corp., 6% pfd. (quar.) —
North American Rayon, class A (quar.)——
3-29
3-21
15c.
(4ua,r,)*.—
(quar.),.—
Marconi
Cassidy's Ltd.,
$
3-30
Shoe: Co.
Cannon
$$1.25
>;3-20
3-30
3-30
'
4-1
(increased)-
Canadian Faivbanks-Morse Co.,
*
1 5 >3-14
1
$50c
1
4-15
(accum.)
Power
4-15
Corp.—
Mfg. Co.,. Inc., common
preferred (quar.)
5%
,
Fire
4-20
31 Vic
preferred (initial quar.)
—
(P.) "Manufacturing Co._..—
Camden
4-
$2
50% -
4-
15C
...
New York
4-
Hershey
...
16c
preferred
$1
12'Ac
—.;6V*0'
(s-a)—
Corp.
Hercules
2
25c
Packing Corp.,., com.
preferred (quar.).
Camp
1
6%
Creamery. Co. (quar.) ---i—50o
Higbee Co., common (quar.)
—
25c
5%
preferred
(quar.)
—
—
$1.25
Holmes (D. H.) Co.r Ltd. ..(quar.)
.
30C
4-10
....
———:J.u—
Burroughs Adding Machine Co.
5%
4-
5.
A
■ft California
-
4-16
50c ■.-.ft
Rubiristeirt,
Extra'.!—————
4-15
ft
1
Gas
Fuel
3-30
4
4-15
4-30
-——-—;———
Electric
3-14
5C
40c
Inc.i.-—!u—50c
Harvard
4-30
Steel
Niagara
$3.60
Burkart
"ft; 4-
4-19
$1
V: $1
Corp. (quar.)
Brandtjen & Kluge, Inc. (quar.)——
'
Briggs & Stratton Corp. (stock dividend)—
Brink's,
Inc.
(quar.)——.—
Buffalo
,
$62 'Ac
$62'Ac
-
class
4-
Cooley Co, Inc.—
Brewing Co.—
—
Haverhill Gas Light Co.-!——————
1
4-20
—
————
(quar.)
25c
Hart '&
3-20
—
Quarterly
_L——
Botany Worsted Mills,
3-14
25c
(quar.)-H—,
55c
(N, Y.) (quar.)——— $1.50
Fyr-Fyter Co., class A (quar.)——
50c
General Aniline & Film Corp. class A (irieg.)
$1
Class,,B „(lrreg.)_————
■
loo
General Capital
Corp. (Irreg.)—'!—.——
27c
General Industries Co., 5%
old. (quar.)—
$1.25
General Investors Trust (Boston)
(irreg.) __
6c
General Steel .Wares, Ltd., common (quar.)
> 200
5%; preferred
(quar.)_
—
——
.$$1,25
Gerrard. (S. A.) Co., common (irreg.)—^
50c
Preferred (s-a) 1.-——-—*.
1—
25c
Gibson Art Co. (increased quar.)—_
75c
Gotham Hosiery- Co., Inc. (quar.)^——.. ;25c
Goulds Pumps, Inc., 1% pfd. (accum.)
$1.75
Gray Drug Stores, Inc.," common (quar.)—
32'Ac
$2.20 preferred (quar.)—
55c
Great Lakes Steamship Co.,
Inc
;
50c
Greif Bros. Cooperage Corp.—
Common
B
(irreg.)-—25c
Common A
(auar.)_.—
—
u
80c
Gro-Cord Rubber Co.-' (quar.)
'/
IOC
Group Corp., 6% preferred (accum.)
$1.50
Harris Manufacturing Co., class A (quar.)-.
80%c
i $1
<
-
Edison Co.
(quar.)—
Personal Property-Trust (Boston)—
Si* $1.35
3-23
4-
3-25
——
Co.
—
'
;
1
50c
25C'
Borg HG«fo. W.)
Boston
3-30
j
20c
Bon Ami Co., cla38 A
4-19
4-1
5-15
25c
(Md.)—
1
.
4-5
5-1
Street Union
25c
(quar.)——
Y.)
(o.uer.V
Birmingham Fire Insurance (Ala.) (quar.)
H Boeing Airplane Co.
(resumed)——
v Class
;
-
Water
4-15
■
-
—i—
Caldwell'Mfg.
Blddefcrd
:
3-25
ft
1
4-8
12'Ac
(qua);.)
h Hardware
5-
$1.3T'A
'
t
8-29
fty
Wiborg
5'A %
4-15
25c
-
Associated Electrical
-ft
15c
$1.50
Co., Inc.
6-
& Share Corp. (quar.)__—!
Chemical St Manufacturing Co.—
; 6%
preferred' (accum.)
$2 preferred (accum.)—
New Haven Clock Co., 6'A % preferred——.
New YoXk, Chicago & St. Louis RR. Co.—
.
31'AC <
—
Hocking
3-29
'•
5c
■
'
!—
5%, preferred (quar.).
American- Zinc Lead &.Smelting
$5 prior preferred (quar.)
Arundel
3-13
>
5-15
50c
——
(quar.)
National Shirt Shops (Del.)_
New Britain Machine Co.
(quar.)
—
New Brunswick Telephone, Ltd.v(quar.)---.!
New England Power Association—
v y :
3-31
$2.20 preferred
Fulton Trust Co.
v '
•;«
Inc.
American Telephone .Co.
Anchor
3-26
$3
American: Investment
American
ft
25c
y»'$6; :pt^ferred
Hydraulics,
4-10
1
ft
5-
;
..
Depot (s-a)
—.—.—
Four Wheel Drive Auto Co. (stock dividend)
Fraser Co., Ltd. (quar.) —
—
Froedtert Grain & Malting, com. (quar.)—
Fort
>
Corp.—■ !> ft
(accum. )>...-..Foreign. Investing Corp.it—i;—
American. Furniture Mart Building Co., Inc.r-
••
;';vr
75c
American
American
>; 4- 1*
•
25c
cash-
30c participating preferred
:
4-*8
v;r.
10c
1
(quar.
Bond
National
3-31
4-
A
.
.
dividend at rate of
share of class B stock or
of one
$1.75
(quar.).w—
&
class A optional
$2.75
A
preferred
non-cum.
5-15
6- 3
lc
—
'■>>QuarteHy'>!_--^_--»--.^-!-i-!!-!-«i-i-;y'!
National
Department Stores
(quar.)
)
3-31
4-1
■$§ 30c
v
1
'?■;>
30c
(quar.)'; ——
506,;
\" 6%-^ preferred (quar.) __—'$1.50 :•••
Felin ,(JT. J.) .& Co.^Iftc. (Increased)
$1.50
Fifty Associates (Boston)—$10
Fireman's Fund; Insurance Co. (San. Fran»•
Cisco),
(quar.)
'/5c
American. Car .4; Foundry—
American
$1.25
Common,
3-28
'
fft-ft
pfd.
6%
Co.
'
S3
class
Nation-Wide Securities
3-30
4-1
$3
3-22
4-25
ftA
& Phonograph Corp.
Radio
Fairbanks
:
•
(quar.)
(quar.)—;—i——
Fairmont Creamery Co.,
com. .(quar.)
V; .". Extra t—I-ii—
—;
4%
preferred
(quar.)——————«
—
Fashion-Craft, Ltd., 5% pfd. (quar.)
Federal-Services Finance Corp.—
.
3-20
8-15
50c
:
;'"v
—
Participating
Emerson
4-10
1
4-
U.
3
6-
lc
(quar.)
1
(qunr.)—
com.
of Rec.
Development
&
Muskegon Motor Specialties Co.—
(quar.)
t
of Rec.
4-20
8c
Co.,
Embassy Realty Associates,
Preferred
(quar.)
Holderi
Payable
Share.
Fund
Ahlberg-Bearing
Ellzabethtown
iSSI 3188
are:
Per
Affiliated'
preferred
(quaf.)
:
Consolidated Gas Co.
7%
k
i The dividends announced this week
Mining
Extra
6-
______—
declared.
Co.,
3-16
'
25c
■
-
%
3-13
3-25
:y'ft
previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given % Dixon (Joseph) crucible Co. (increased)____
T
"
5
Dominion Engineering Works,ft.Ltd..——
under the company name in our "General Corporation
Dover & Rockaway RR. Co. (s-a)
And Investment News Department" in the week when
Early & Daniel Co.; common
—-——
we
45c
J $1.50
Oil
Diablo
HoUere
When
Payable
Share
%Name of Company
Mount
Crowell-Collier Publishing—
:ft New common
(initial) —!!!-!!!.!!.!>
Cuban Telephone" Co., 6% preferred' (quar.)
Dentist's Supply of N. Y.—
New
common
(initial)-————;
Denver Union Stock Yard Co.J!:^!i.^^;£y
Detroit Edison Co.
(quar.)
Diamond Ginger Ale Co. (quar.)
—
grouped in two separate tables.
In the
bring together all the dividends announced the
we
Share
ft'ftftft;
Ifamy of Company
Per
H older t
Payable
per....
ftftifty-ftftftyyft
1609
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4475
$1.12%
4-30
3-31*
4-15
I
3-18
3-29
8-23
A*
*
15C'
3-31*
ft
■
1610
THE COMMERCIAL & FINANCIAL CHRONICLE
v
,
.
Nam*
Vermont
&
Visking Corp., class A
Class B (monthly)4
Class
Class
■
A
B
RR.
Co./(s-a)
(monthty)_>L-C----i'"
When
.
' '
4-
8
'/
4-1
American
-
Class
B
(monthly)
6-10
3-22.
Angerman Co.,
3-16
Western Insurance
;f
Anglo-Canadian
3-28
3-18
<
"6%
preferred
Foundry—-—
Securities Co.-—
'
Wico
Electric Co.,
Wilson-Jor.es
$5.50
/
4- I
(quar.)V 31 %c
(quar.),
4-15
3-30
,
class A pfd. (quar.)
30c
(interim)-—' 37%c
Co.
I
3-18
,
,
I
3-18
5-
1
4-17
4-1
3-25
•
4-15
Xi
'
7% / preferred (quar.)
*
$1.75
Wood Alexander & James, Ltd.—
'
<•
7*.6* 1st preferred (accum.)—
—_-.//: $$1.75
Woodmont Corp., $3 preferred (accum.)75c
-
Worcester
Suburban
Transportation
(A.
B.)
Electric
Co.
6%
'
preferred
Arkansas
1
..;// 3-11
$1.15
3-27
3-20
3-30
3-23
Armour
15c
-*—
3-15
>
3-a
,
this
preceding table.
.
week, these being given
<
$6
Name of Company
Abbott
Laboratories,
Extra
•
Share
(quar.)
common
■
-4% / preferred:' (quar.)--^*^—.^4—w—v-." '
'
3-30
3-30
3-8
$1 *
*
4-15
Acadia
Atlantic Sugar Refineries, Ltd.—
Common (quar.).
'Adam Hat Stores;Tnc., common^-.--.—4—
/
.
;
Preferred
5%
125c
4-1
3-10
4- 1
2-15
31%c
4-
1
2-15
3-30
(quar.)
3-15
Mfg. Co; (quar.)—4-:-.
20c
Corp.
25c
Aero Supply Mfg,>Co., class A
(quar.)37l/2C
Aetna Casualty & Surety, Co.-,•
62 %c
Aetna Insurance:Co. (quar.)——
'44---—
40c
4-10
3-15
'
4-1
4-1
•
/
Quarterly
———
fliv.
cash
American Cryital Sugar, 6%
3-21
9-20
:■
3-30
3-11
Barber
3-20
1 V
4-
25c
•
*
,4-1
4-20
40c
4-8
-//
3-28
v
3-14*
Bath
~
S-H
4-3
3-15*
75c
1
4-
1
4- 1
3-15
$1.25
4- 1
Amfrican
•
-
6%
.
1
'
,
3-2l
3-30
.
4-
1
/ /
3-14*
,
Benson &
'
S-8
'
3-14
•
2- $
-
3- 4
'
4- I
'>
^
4-15
Black &
4-
6%
preferred
Ajmerican
.
Stores
.
1%
preferred
American
3.20
1
3-20.
3-30
Co.
4-
4-15
4.
4-15
10c ; i- 4-14
50c-
4-
'
1
■
25c
4-;
25c
'
Common
3-30
3-20
Common
4-1
3-15
37 %c
-$1*
>
:•./•;/•
3-11*
l
3-15
3-11
-
4-
1
4,3-11
3-30
s
,
t50c
44-
>
4
4-15
-4-
1
t$2
50c
3-15
4
>4-
1
-
3-I4
'
3-16
/
.
•4-
•■
/
4
30c
^
•
$2
.
r-
4-
4-
$175
4.
5* '
3-
$1.37%
V
•
./; -
4-
1
■
'
7%
preferred
(quar.)
87 %c
; 4* 1
American Tobacco Co., 6% pfd.
(quar,;4: $1.50
4-1
Water Works k Electric Co.,Inc.— " J
/ v-1
$8 1st preferred (quar.)..—.
„./•/• $1.50
4- 1
,
.
.
v
•
v
3.20
•
•
3.20
3-
q
5
-
/
/:
4
:1
.
3-18
British
Class
3-11
3-15
.
Ltd.,
British
3-30
T/o
3-11
3-10
3-15
3-30
4-
3-15
1
3-15*
:'.'4- i
4-1
3-20
/
3-20
(
4- '1
4-25
-
3-20
4-15
/
3-20
4-1
4-1
>
3-
/:• 4-15
3-15
:
3-28
2-28 ;
3-
3-15
4-: 4
•8-15
/
3-29
"
t|
3-30
4-
:
•
4-1'
;
3-12
1
•
4-15
-
9
4-1
3-31
3-15'
3-15
4-
1
3-15
'4-:l
3 -XI
3-15
'
4-15,'
$15c
$$1.75
$50c
/:
——z,
3-29
4-30
———
(increased
Ltd.——.—!—-
quar.)
,
3-15
/
$2%c
~——
preferred (quar.)
preferred (quar.)——
3-15,
6-15
5-15
5-1;
*•".4- 1
$$1.25
4- 1
$$2 ;
——
.————/■
3-20
/
2-25
4-1
3-
:
4- 1'
3-29
37 %c
4-
$20c.
$1.50
"(interim)
...
Common
4-
1
4-
75c.
80c
3-14
1;/
1
-
3-30
(quar.):I5o
3-18,
3-20
,4-15
$32 %C
4-15
Central Maine Power Co.—
5% • preferred (quar.
$6 preferred (quar.)—
.3-20 •/
3-20
Co., Ltd.—
4-
***■ *?%$&
•3-31
■'
n
1
•/:*/''3 -16
$1.37%
<
V
3-31
3-16
3-15
Central Steel
3-30
4-
3-15 /
'/4- 1
3-15
..••:
:•
Electric Power & Gas
Co.,
6% preferred (quar.)
—r——iu—$$1.50
Columbia Power
Corp., Ltd.—■'
—
.4-
.
;
1
:
,
Wire
Co
4-
5
4-
:
5
preferred
4- i
3-26
(quar.)
r
4-15
•//;
5-
/{
1
Broad Street Inyqsting Corp.
(irreg.).—30c v./4- 1
Bromptoii Pulp &;Paper Co.. Ltd. (quar.)—
?$25c
4-15
County Trust Co. (s-a)———50c
•4-15
Brown Durrell Col, common.' ^*15c * "41
6%
preferred
(quar.)—
$1.23
4-1
$4.50
preferred (quar.)__;
Valve Manufacturing
Charleston
3-20
Transit
National
"■'
(
3-22
3-22 'V
i*
*3-15
3-15
Co,
:
1
3-20
,4- 1
i.^.3-20
1
1
4-
1
.1
,K
,
3-11
3-11
IX
/
3-11
3-11
3-20
3-30
4-
1
3-
4-
1/1
3-15
X
3-15
4-1
4-
1
4
3-15
4-11
<
4-
1
3-30
3-11
4- 1
3-15
Bank
Mfg.
Co.
(quar.)
;'
$1.12%
--*
Co.
(N.
Y.^ .tqu^r.)-
3-11
4-
.
1
1
3-1X
6-1
■/
.
~
'
3-13;
4-1
.•
f / : 50c
3-22
..'4- 1
50c
I -40c
3-30
-
(quar.)
(quar.)——
$1
3-15
3-25
.4-
,
;/45c
-
^$1
5-
3-20
1
4-12*
3-15
'
3-30
'
3- 8
3-
3-30
-,'4» 1
ChesapeakeOhio Ry. (quar.)"/——
4- 1
Chicago Daily News, Inc., 5% pfd. (quar.)— / $1.25
3-30
Chicago Flexible Shaft Co. (quar,).i——'
35c
Chicago'Great Western Railway Co.— f > •
r/ i
3-29i
•X 5%
preferred '. (accum.
—-i.—.«2%0
Chicago Mail Order Co. (quar.-)--«=--a-i-*-li-c •' » 'I5c ' :-4-<
3-30
Chicago Mill k Lumber Co. (quar.)
30c
'Z'///'' •//:./'/.'j:': '
3-20
4-
/
*
-
(quar.)—
Chemical Bank & Trust Co.
Chesebrough
3-30
;
A
3-2$)
1
4-
4-
.
—
Chapman
4-15
Bronx
_
prior preferred
2-26'
;/4-Y
3-15;
3-1$
/^ / >.•••:
Champion Paper & Fibre Co.—
Chase
/
1
4-
,
2-26
'
3-11
3-15 :
i
2-26
'
/
4-1
/
6%,
5
t
3-18
4-
.
V
-•-!?-/
<
preferred
(quar.)
,:$L04
Electric Co. (irreg.)
——
-i
10c
Certalnteed Products, 4"% % prior pfd. (quar.)
$1.12%
6% prior pref. (quar.)—
—:—— ;;;/$1.50
*
4-
2v/
3-18
4- 1
/>/15c
—-——
...
Century
2-26'
•
4-5
Columbia Pulp & Paper—
—$$1.75
&
Central Vermont Public Service—
/
3-12
;•'/ 4- 1
3-12
$J-.50
62%C
$2.50
.
v$40c
4-
4.15%
4-15
3-12
3-
62% c
$1.50
-'
,/
—•
Central Telephone Co.—
-
-S
3-15
3-18
3-30
•
3-15
1
-l--/
—
(quar.)
3-30
V
j
3-15
•4- 1
(quar.)
—
^>$1.75
Paper Co., L'nc.—^.——- •,: -/ 15c.
Central Patricia Gold Mines, Ltd. (quar.)—
$3c
Central States Electric. 6% pfd C (accum.)
37%c >
6% preferred series B (accum.)—
—
/• 37%c
fc 7% preferred A (accum.)—
43%c
4-19
commnn
3-29 /
3-19
3-15
^
-
/■/■>• 7%
Central
4-19
,
,r: 5-20
"^20c
.
preferred
preferred
3-15
1
3-23
>'•
3-30
'
$12%c
!—
.3-23
3-30r.
v
v<"
3-15
3-15
—
*
<
!3-2a !'
-
.
3- 9
4-15 K
,
•
;
1
!
3-15
•
3-20
2-30
50c--
I
3-11'
;.:'4-'
50o
.
3-20
3-29
;
,/■:///:
—
59%o'
Inc.—
Common
(quar.L. X 25c /
: 6%' preferred1: (quar.).-a——---——•
37%c
Central Hanover Bank & Trust- Co.V (NY)-—' '
/•
•/-.</ Quarterly' a—.—.-.4.-—V:\-a* '
Central Illinois Electric k Gas COv-7^
Common
(quar.)——————32%c
i
4.10% preferred A (quar.)
$1.02%
4.10% preferred B (quar.)—i~—
$1.02%
Central Illinois Light 4V2% preferred, (quar.)
$1.12.%}
3-20
.
,
3-20
3-30
750..
:
>
$4.75 preferred A (quar.)—
3-21
I
1,[
5-
Central Fibre: Products Co.,
3-9
.
4-1
4-
$1.50
,
3-29
4-15
3-27
$15c
/
.
Central Electric k- Gas Co.—».
3-18
■:
M4-;l//
(quar.)
3- 1
r
4-.1,.
4-1;
-
XS2
Celanese Corp. of America, com. (quar.) —
3-31
' 50c
4- 1
$4.75 1st preferred/ (quar.)————— -$1.18% £
h% 2nd preferred- (quar.) —a—$1.75 Z' 4- 1
f
3-20
4-; 1 *'
55c m
>
9
3-31
.
—
3-20
-
4-1
75c
;
~
.
3-
1
•
3-20
.
4-25
$1.12%
9
3-
—
'
$1.75
9
3-
<>44'i r
■
3-20
4-,l
'
3-21./,,
'"4* 1
4-1
$45c
$30c
.
*
It
3- 1
>
3-30
$1.25
4- 1
(quar.)-— #
$1
Carolina Power <fc Light. $5 pfd. (quar.)--—
•4- 1
$1.25
Carolina Telephone & Telegraph Co. (quar.)
4- 1
v $2
Carrier Corp., A% preferred (Initial)-.50c
/ 4-15
/ Carriers & General Corp. (quar.)
>4- 1
■
5c
4- 1
Carthage Mills, common-^—* S0o>
/ 6%
4-1 z
preferred A <quar.)
$1.50
%% preferred B (quar.).————.
6O0
Case (J.-1.) Co.,- common.—- -40c
4-1
7%
preferred
4-1
(quar.)
$1.75
•4-:l
Cassidy's,; Ltd., 7^ preferred (accum.)—z— -$$$.75.
3-11
25c
(initial quar.)_
/*
i
4-A/i
.4* 1
$50o
preferred
(quar.)—.
Carnation Co., 4% 1st preferred
3-25
3-15
40c
(quar.)_
X
4-
; 4-15
$50c
(quar.)
6%
2-21
4-1
10c
?
com.
3-15
•
4-15
$27 %c
Mills CO. (irreg.)—.....
Capital Administration Co., Ltd.—
'//'/ $3 preferred K Xxpiar..
Capital Transit Co. (quar.)—————
Carey (Philip) Manufacturing .Co.—
4-18
$1.50
(quar.).—
Corp. (quar.)
3-9
;
•
—Jr—_.
preferred (accum.)
•/
-Cannon
; 3-15/
t
4-1
$1.75 :
_.
(quar,)—
(quar.).
1
4- 2
3-30
;'/>'/$l.50-Class/A:;(accum,);-^!!.-———!i^/5/t37%C.\
1
8- 9
Columbia
A
■;/:
'
-Canadian Wirebound Boxes—
3-23
"
10c
—
British
•
'
3-30
4-15
"V
?
5*
2
$2^0
American
■/>:,/; -v
3-20
2-16
4,3-
4- 2
$2.25
*
3-15
;
1
3-
/
50c
75c
'
'
1!
3-28 '
25c
1
3-30
—
—
3-16
r.
3-14
1//
3-30 4
2-28;
'J,ul
3-15
4-
'
1
!
4
4
6-rl
3-30
12%c
-**■
l/ /;
4-
// 4- 2
IM $25o*
(quar.)
Ordinary r (irreg.)
,
>4-15 /;
■■
80c
aw!
WW' "
*
^"
,Brillo Manufacturing Pa
Co., Inc.," common—H,
25c
$2 partic.
preferred A
(quar.).—■yj$QC
Bristol-Myers Corp
uui|(,
•;« if.i • A"
i" "af.y
ftM > ■»3%% ^participating preferred
(quari)—93'Ac
/British American Assurance Co. (s-a)
—$$,1.50
British-American Oil Co.,'Ltd.
(quar.)—•!/ $25c
British-American Tobacco Co., Ltd..
Ordinary' bearer (final)
;7d
Ordinary registered (interim)
lOd
Ordinary registered (final)..
-.—A,*.*,
M 7d
// 5% preferred bearer (s-a)
2%%
.*3-15
7-
50c
/
$25c
—
com.
«
9*
3-9*
Canadian Silk Products Corp.—
.
$1.50 Class A (quar.)-.i.—$37%C
Canadian Westinghouse Co., Ltd..———
$50c
2-28
4-11
$17%C
_•
preferred
3-
Canadian Pacific Railway.Co.—
/{3- 5--:-
75c
DistiUers -(Vancouver)'—'
conv.
7
:/4«'l'.'
% 4-16
$$3
(quar.)_.
Extra
4-
$$1.75
.Bridgeport4Gas/ Light—_—35c
Briggs Manufacturing Co.
(quar.)50c
Urillo TV-To
nf
f«
"^
%3-22
/ 4-19
64c
(quar.)-,—.,—
^-'5%%
2-21
4/3-15
3-
4-30
preferred
5%
8%
4-
iquar.)»
;|$i.5o
t
3- 7:
3-. 7
3-25
$25c
■
'
3-8
•,'/ 4-:
$1
$$1
—•
B
-
Common
3-14
(quar.)—
Corp., class A
&
3-25
3-25 /:
$3.50
4-15
3-14
3-15
3-15
(quar.)—$1.12%
Extra/„f
''
$1,50
-a—.-——
Canadian Ingersoll Rand,
4-
Ltd.
BridgeDort-rBrassr/flo
;
,
4-15
-v-?'
3r„7;
Canadian Oil Cos.—•
5-20
.
3»:r.
3-25
$2.50
(increased).—.i-;.——
$$1.80
(increased)
—$$1.50
3-16
4-
22 %c
Cordage, Ltd.,
(quar.)
7%
A
3-16
t50c
common.
preferred
3-25
(s-a)
$25c
-4-
'
1
.'
$1
$1.30
Brewers
1
15c
?
Mines,
A
(stock
common
Ltd.
4-
$1.06%
—
7c/o preferred (quar.)
4%% pfd. (quar.)
Sons
&
*,*-/•
,
(quar.)i.^--.-^w----—-$43%c
4-
35c
—
(quar.)
Brazilian Traction Light & Power
6% preferred
4-
50c
j,
,-■5.
9
>
•
(Sidney),
J.)
of
—.
2-28
(E.
Corp.
.
3-15
Inc
new
Cclanese,
4-1
3-30
Brantford
:
4-
-
10c
4
3-
1
3-19
Bralorne
3-13*
-
3-15
3-22
4-
&
Brandon
3-13»
;
3-30
4-1
Brach
/
^'4-
40c
$1.25
Sanitary_.
Sugar Refining Co.«_«.l.
Superpower, $6 1st pfd. (accum.)
Telephone & Telegraph (quar.).
American Thermometer, $5.50
pfd. (quar.)..
3-21*
3-20
Co..
A
Ltd.,
preferred
$1.37%
Brager-Eisenberg Co. (quar.)—
3-20
'
-3-30
$1.50
3- a
3-25
Insur.
Hat
stock for each
Canadian Cottons Ltd., common (increased)
6% preferred.(quar.)—.—..———
Canadian General Electric Co. (quar.)——
Canadian/ General Investment, Ltd.—•
Regular (quar.) ———.——
Extra:-—-——————
Canadian Industries, Ltd.—
3-22
4-
$1.75
/
:
44-
40c
5
%
3-1
1
participating
Co.—
'
4-1
/ 4-
$1.50
American
3-11
4- I
(quar.)
Storage Warehouse
Special
4«2%V/^^i?'44^20^
-
(Indianapolis)—j,
Canadian
3-11
1
3-30
;
3-18
.....
4-1
4-
$175
Boston
3- 1
S' >
(quar.)
Bottle
4-20
4-
3-30
Co.,
3-18
1
(quar.) ————— v
$25c
Participating -$50
60c - convertible preferred
(quar.)
$15c
/>/ / Participating
——$10c
3-5
$1.50
Bros.,
1
4-
/
40c
Corp, .(quar.)..
pfd.
Inc.,
4-
V
*
6 %; preferred
♦
3-22
3-15
4, 1
4-1
>4
,
;
/ ■ '• /
3-23
.4^1
30c
1
37%c /;
Boston
3-14*
-
25c
.(quar.)$1.75 .4
Thermos
12-10
4-
Albany RR.
$2
Boston Elevated; Ry. (quar.) —*.•*—
$ 1.25
Boston- Herald-Traveler
Corp....: 50c
Boston
3-13
1
$1.50
$1.50
•
•
l.
/x.-/—
1-2-47
$1.75
preferred (quar.)
Co., e% preferred (quar.)
4%% oonV.-preferred
Borg-Warner Corp.
v
3-15
4-1
"
35c
American
American
3-20
A-
20c
,
Steamship Co
American
Canners,
$1.50
/
a..-—
Co.
of
Breweries; Ltd.
Canadian
30c
Bohn Aluminum & Brass
Bond Stores, Inc.—
3-8
1
25c
Laughlin,
Bobbs-Merrill
1
4-
$1.75
(quar.)
American
Canadian
9-10
convertible
Blumenthal
3-15
4- 2
4-1
——$1.12%
(quar.)_„>
50c
pfd.
6 -11
Tobacco
Bloomingdale
,
.4- 1
'$1.50
Stamping Co. (irreg.)_
American States Insurance
/ Quarterly
1
4-10.
$1.50
4
$3
\
3-25
&
5%
Bloch
.
Decker Mfg.
3-15
(stock
...
3-12
25c
56 %c,
(irreg.)
Son, 'Inc.——
Class A
Class B (s-a).*—.—.
•Canada Permanent Mortgage (quar.)—
Canada
Steamship Lines, Ltd
1
$1.25
(quar.)
Co.
Birmingham Electric, $6
:
$7 preferred j (quar.)
v
,
(quar.)_____.^
Co.,
3-15
3-30
/12Vic
Rolling Mill—
Service
3-15
4-/1
•
$1.18%
(quar.)
American Seal-Kap Corp. of Del._^
American
&
Bliss
Light, $5 pfd, (accum.)—
A.merican Ship Building
American Snuff Co., common
Inc.
Machine
Bird
3-11
3-15
1
....
1
25c
(quar.)
1
4-1
31 %c
(quar.)..
Class
Class
7-
20c
pref. (quar.)
Cement
4-
6:
9
4-
$1.50
Corp, -held———
4-1
8%c
B
conv.
&
B
and
share
10-
.
50c
(quari)...—
Corp., 1% pfd.
Steel
Bickford's,
-
4- I
♦,
$1,50
\
V
,
'
Co
8%c
8%c /
;
Hedges. $2
3-
31 %c V
:
.
3-30
8%c
(quar.)—.!
Industrial Loan
Bethlehem
/
-
1
4-
$1.25
'
Power &
Screw
3-15
,10c
$1.37%
preferred
Bessemer Limestone
3-13
4- I
.
/; $1.75
Safety Razor Corp.
5 fo '
Beneficial
8-21
8-30
25c
Optical Co.
American
■
3-30
// 3-15
v
75c
(ouar.)
,
Bendlx
-S-IS//5
4-1
12Vic
——.
common......
American
*' /
3-18
(quar.)
common
Bell Telephone of Canada
Aviation
Corp.
3-21
3-30/i
$1.50
American
A
3-18
3-30
—.w
—
43-19
3^30
<.i
15c
(quar.)—
(quar,)4.
Machine &
preferred
3-30
7%
Bird
American
4%%
18c
40c
30c
—^
$15c
3-
3-28
3-20
:/-/hl2%C
.
(interim)
preferred (quar.)_
/
Belgium Glove & Hosiery, Ltd.—
Common (initial)
3-12* /
3-3(1
'
—68%c
Metals, Inc._
:
Manufacturing Co., new- (initial)-
American
4-15
—
/
-fa share
/jnerican
v-
3-15
—
Belding-Corticelli, Ltd.,
3-12* I"
6c
(monthly)
$6
preferred (accum.)
:
American Radiator & Standard
1
1
Optical Co., common—.
25c
(quar.)
;$1
preferred
6%' preferred
•
1
3-20
45C
(quar.)
3-14
3-15
4« I
$1.50
'..,,
4
pfd. (quar.)
(quar.)_-
& Lomb
Corp.
3-20
4-
$1.75
American Investment Co. of Illinois—
preferred t(quar,)-.^U.^44;i-i:4«::
$2 preferred (quar.)_i
American
Works
.
3-15
v
;'
'•V 8%
Locomotive Co.,
7'A' preferred (quar.)
3-
'><
4-
-
■
-
American
1
5-
Beech Creek RR. Co. (quar.)
1
Beech-Nut Packing Co. (quar.)
4-1
25c
(Newark, N. J.) <s-a)-4.
5
5c
;
3-28
<
25c
Co., 6 c/o non-cum, preferred/^
preferred new (initial)
Extra
4-
4-' 1
■
$3.50
(quar.)
.
25c
Ice
American Insurance
;
5
4-
1
5c
(increased)
$4.25 preferred (quar.).
Beatty Bros., Ltd., Class A
Class B
(increased)
50c
44i
Corp.
Y.)
4-15
30c
25c
•
6^-2nd preferred <quar.)
American Hard Rubber Co., 7%
/American Hardware * Corp
American Home Products
4-
3-19*
:,3-15
3-30
—
37 %c-
preferred (quar.)_—
Iron
4%
8-21
.
(N.
Beatrice Creamery Co., common (quar.)
3-21
4-1
5c
$1
Co.
Asphalt Corp.
Bausch
1
4-
20c
M $4.50 preferred B (ndar.)
$1.12%
Ajmencan Pelt Co., 6% preferred
(quar.)___
$1.50
American Fruit Growers
(quar.).-,, 25c
American Gas & Electric—
'
5-1
5-1
'4-
25c
•
Bastian-Blessing Co., common '(quar.)
$5.50 preferred (quar.)
Bartgis Bros. Co., 6% pfd. (quar.)
/
5-1
4-
$$1.25-
v
.
Trust
4%%
3-8
.4--,
,•
,
' $1.50
—
American Hair & Felt Co., common
6% 1st preferred (quar.)—
3-20
•
3-19*
15c
I. T. Financial Corp. (quar.)...
,50c
Calgary 6s Edmonton Corp.,. Ltd...——
$5c
California Water Service (quar.)—50o
Canada Bread Co.,
Ltd.;4%% pfd; (quar.>>$$1.12%
6% class B (quar.) —$62%o
Canada Cycle & Motor Co., Ltd, (irreg.)-—
$20o
!
5% 1st preferred (quar.)
$$1.25
Canada Dry Ginger Ale, common—
25o
$4.25 preferred (quar.) ———1.$1.06%
Canada Iron Foundries, Ltd., common-^
$40c
6% preferred (s-a)
.....——a—.
" $30o
Canada Northern Power Corp., Ltd.—^
!
Common
(quar.
•
$15o
/preferred (quar.).—.———.,. z $$1.75
Canada Packers, Ltd., Class A (s-a)——$75c
3-11
8
3- 8
,
/:''r .150,'.
O.
3-15
3-30
$1
(N. Y.) (quar.)
Manhattan Co. (quar.)
the
3-15
4-1
" 40c
(quar.) 4^4
(quar.)
3-18
3-15
3-30
90C
Bank of New York
Bank of
Bankers
•
J.)—
preferred
3-15
4-1
:
3-20
3-
$1.75
shares Byrndun Corp. held
$3 partic. preferred (s-a)———-—!.—.
$7 2nd preferred (s-a)-
3-30
25c
Barker Bros. Corp., common (quar.)
2 Vic
•
3-15
■
■:///15c
...
.....
$1
'
3- 2
(irreg.)
dividend).
One
share of < Hat Corp.
of America
Class
B
common
stock: for each 20
7
•
•
.
«,
3* 7
$1.25
(quar.).
3- 8
One
pfd.
3-30
3-30
$1.25
:./•////•-.:
preferred
3-13
1
3-15
$1.75
pfd,
Byrndun
par tin.
4-
4-1&
3-30
/V
Class B common
shares
partic.
3-31
(quar.)
pfd.
dividend).
20
5%
3-
3-19
3-i5
/■
'5>v"////X
(quar.)
i 5%
3-31
3-19
/ 4-30
87V2C
'/;
Co.—
preferred
3-18
L"
.4-
-
—
4SA%
7%
preferred
America
-v
/
•
75c
American Cyanamid Co., common
5Ve preferred (quar.)
—4.
American District' Telegraph Co*. (N.
-
6GC
10c
■
3-11
—
5%
preferred
(quar.)^^—
American Express Co.
(qUar.)
American European Securities Co.—
Porcelain Steel,
7%' preferred
r.on-conv.
3T13
•
r
$15c
(quar.)
7%r preferred • (quar)............—..
Bancohio. Corp. (quar.)
Bangor & Aroostook RR., $5 pfd. (quar.)
Bangor Hydro-Electric Co. (increased)
6%
preferred
(quar.)
1% preferred (quar.)
6-20
10- 5
•
4- 1
;
pfd,
1
50c
'//-71o: {preferred (quar.)
4-1
—
series)
L-l
?
Baltimore
7- 3
50c
American Cities Power &
Light Corp.—
or
■
v
>
,4-1
—
•American Business Credit, class A
(quar.)_»
American Can Co., 7% preferred
(quar.)*-
(opt.
3-13
.
'
^5^-^t^eti^^.('quar0-4^^44^4^^/;:8i.31%i
A
4-
——
3-15
6%
preferred, (quar.)
American Bosch Corp. (reduced)
American Brake Shoe Co.r common—,
class
3-18
$20c
..
40c
American Aggregates Corp., 5%
pfd. (quar.)
American Agricultural Chemical
(quar.)_
American Alliance Insurance (N.
Y.) (quar.)
American Bakeries Co.
class B stock
3-18
1
'
Aluminum Co. of Canada, 5#
pfd. (accum.)
Aluminum Goods Manufacturing (quar.)—,
Amalgamated Leather, 6% conv. pfd. (quar.)
: 0%
preferred
(accum.)—
4
Amalgamated Sugar Co. (quar.)
L„
$2.75
1
4-
ojBea,
.4- 1
j-.
3-31
(quar.)
pfd. (accum.)
Bldgs., 7%
conv.
>:■*
4-
....
$3
.
of
.
B
$1.60
Chalmers Manufacturing Co. (quar.)
Aluminum- Co.- of America^-.:
/
6%. preferred (quar.)——4—,—^
.
3-4
HtMera
14" 1
25c
(quar.)—
Byrndun Corp., common
Co.—s-
preferred
Terminal
5c/o
3-12
50c
pfd.
3» 2
Allis
American Casualty
(Reading Pa.)
American Cigarette A; Cigar—
«% preferred (quar.) —
r
(quar.)
4%
Piston Ring Co.
Terminal Co., 6%
Butler (P. H.) Co.—
2-11
59% c
.
Lines,
1
——
common^
4-/l/;:
1
1
(quar.)
com.
4-
-
Note,
3-15
// 3-15
15c
(quar.)
common
Co.,
(quar.)
4* 1
Allegheny Ludlum Steel Corp.——
Allen E^ctric & Equipment
(quar.)-,——
Bank
4-1
4-5
—
American
;
Burlington Steel Co., Ltd.
l
When
'•/ Payable
f$1.02
V,
:/■,*/;.
Bush
4-
.
■
-...-..
Bush
3-31
::
£
(initial)..
■
3-15
1
pfd.
preferred
Extra
/!.
$1.25
L.)
3-15
3-30
://.•■ 4-
f
$3.60
S-15
$10C
$2.50
.
(quar.)
8-30
•//'
Inc.
'
■
Per
Shara
Building Products, Ltd, ' (increased)
'
$25c
Bullard Company
;>/•//./ 60c
Bulova Watch Co., Inc» (quar.) —87%c
;
$1.50
$1.75
——
Power, $6 preferred (quay.) —
$7 preferred (quar.)———
V; 6% preferred
(quar.) —————
Alabama & Vicksburg Ry, Co. (s-a)—
.
Laboratories, Inc.——.
.
2-28
20c
4
Allied Products Corp. (quar.)Allied Stores Corp——u—
*-
,
20c
,
,
Allied
3-15
15c
Axelson Manufacturing Co.
(quar.)...
—•
Baker (J. T.) Chemical, 5%%
pfd. (quar.).
4-1
;;
20c
.
Akron Canton & Youngs town RR. Co.—
5% preferred (s-a)———
Alabama
'
.
75c
(quar.)--—
—
Refining,
Greyhound
Class B
—
Ainsworth Manufacturing
Corp.
Quarterly -*—4—.:
.
4-1
...
3-23
—
/•• Quarterly----—4-—
;
,1
3- 1
4-1
3-31
,
3-20
25c
(initial)
4 %. preferred A
(quar.)
Atlas Corp., 6% preferred
Automobile Insurance Co. (Hartford)
(quar.)
Avery (B. F.) & Sons Co., 6% pfd. (quar.)
Avondale' Mills, common
(monthly
Common (monthly)
Axe-Houghton Fund, Inc.
u...————
3-20
4- V
-
.
.3-20
X
/L2%c
,
30c
.
&
preferred
$3.60
-
(quar.)
l———* $1,25
Agnew-Surpass Shoe Stores, Ltd,— 1
•
7%
preferred
(quar.)—
4—
$$1,73
Agricultural Insurance (Watertown, N. Y..)«—
/
(quar.)-.
Engineering Co.—
preferred
1
4-
$1.50
,
Co.,
5%
(accum.)
Investment
Atlantic Refining
,
/
3-14
3-1
Aetna Life Insurance Co.
3-19
^
'1
!'•'••
(quar.)
(quar.)—
Bucyrus Erie Co., common
:>v 7% preferred (quar.)
Budd Wheel
'
Adams (J. D.)
Aetna Standard
$5
4-10
3-20
$1.75
common
Atlantic City Fire Insurance
12 %o
Addressograph-Multigraph
ifer 5%
Oil
Atlantic
.
1
5-
12 %C
—
Associates
4- I
.
Co.,
u1'.',''
Corp.;. common..^/ ;; ; 20c
7% preferred (quar.)
Brunswick-Balke-Collender
'/
(Initial quar../u.'
A
Ashland
3- 8
15c
....
3-20
15c
Co
—4-i—(J. H.) Hardware—
.•
Class
of Reo.
40c
i
Gas
(111.)—
prior preferred
''
■
Co., common
preferred (quar.)
3% c/o
/:
3-11
$1.50
(quar.)
Constable.; Corp
Extra
Holder*
Payable
3-29
$1.25
(quar.)
Art "Metal "Construction Co,
(quar.).—«—
Asbestos Corp., Ltd. (quar.)
....
|
Wnen
pfd.
'•
'
Distillers
preferred
Shoe
(E.
Burd
6%
^ '
»•
•:>
15C
Co.
conv.
Ashdown
Per
Gas,
Western
&
Arnold
'
-
4- 1
4-10.
:
3-23
25c ■/:/! 4-
'
in tht
4
,
3-11
.//3-30
$1 /'
600
$1.75
(interim.)
Armstrong Rubber, Class A (quar.)
/ .Class - B
(quar.)
4%% convertible preferred (quar.)—.—.
we
announced
Bruce
5c
....
Arkansas Power & Light Co., $6 pfd.
$7 preferred (quar.)
give the dividends announced in previoui
weeks and not yet paid.
The list does not include divi¬
dends
6-22
$68%c
>
Armstrong Cork
Below
Brown
10c
(quar.)__
Natural
Arkansas
20c
Co._„
1 V
4-
prior
6-22
Arkansas Fuel Oil Co.—
5-
Associates
(reduced)
$5
5
IOC
•
preferred
■
■•
Worcester
7-
Brown-Forman
.
4-
_
■Wisconsin Co.,
Wrisley
3-15
Angostura-Wupperman
Apex Elec. Manufacturing Co.,'com. (quar.)
7% prior preferred (quar.)_
Arizona Edison Co., Inc.—
*
//■•$5.preferred (quar1.)——:
3-20
5-1
45c
*
6%
5%%
/
,
(accum.)
Western Light & Tel., 5% preferred
Western Massachusetts Cos,
1
Telephone Co.— : ;//
- (quar.)..——l—w
/.' *
; •v
4-
(quar.)
■
Name of Company
3-15
Inc.____—
4- 1
15<#
(lrreg;)_i.4-«i:-;-.
>
Mondays- March 25,494€}
*•
.*
■
/
$2.25 /■/;. 7- 6
6-15
4-* 1
!.--—>v 13'Ac
.
Boylston Mfg..
■West: Michigan Steel
1
(4.50
8-10
West
4-
(s-a)
common
"
■
of Reo.
,/i, 75c
:
10c
5-10
6-15
Payable /
'
Bolder•
75c
:
.$1.60
-5-15
—
-■
25c
preferred (s-a)
Ampco Metal, Inc.- (year-end)
Anchor Hocking Glass, $4 preferred
Anaconda Copper Mining
13%c
.
Co.,
When
v
Z Share v
A!./i/;V;4:4 ".:i
Co..
——
Amoskeag
-
5-10 //
•/"'Class A (monthly13%c
Wayne Screw-. Products'/Co.
Wringer
Extra
4-10
/:<
Name of Company :•■//
:
;/ 4-10
—--——V// 13(40 ;• 4-15
r4Lr..>_.
//• 13'/4C // 5-15
(monthly)
(monthly)
Per
>>0/ Jfceo. ;
4-15
"13^0
'
Holier«
Payable
$3
:
i
*'
XX::: rX^:Per
of Company-"-vt"
: s/iar#
Massachusetts
■'■V
8
3-9*
3-20 /
3-20
-
3-14
3-
9
S-lft
(Volume; 163
-
Share'1
Heme of .Company
V/,
;
4%
preferred
3-22
4-15
75c
*
$1
: 3-26
3-11
3-6
v7Z:;7ZZ:i
(quar.),,,
u-,i"
;Z Delaware Power & Light Co., 4% pfd. (quar.)
V
:Dennison Manufacturing Co., Class A (irreg.)
r;'
';$6 conv. prior preferred (extra)—: ■Dentist's Supply Co. of New York—
3-15
$1
r'Z
5%
preferred (quar,),,
preferred (quar.).
5%
Increased
•
preferred
Telephone Co.—
4-1
;$i.i2
;
$1.3 74/3,
i'
Corp..
(initial
•5-
1 "V
(increased)-;
Chemical'. Co.
Clorox
Oluett Peabody & Co.,
.
7%
1
Coca-Cola
4-1
^Semi-annual
7%
preferred
Common
$7
Colorado
Fuel
25c
4- 1
&
$1.75
4-15
4-» 1
30c
3-25
3-15
50o
3-25
1
3-18
4-
$L75
4- 1
CoTr$375lfpfd7(quaT~)
(quar.)
Si
Iron
J. 7 Participating
&
pp
1
5-
3- 6
4-1
4-
1
3-20
4-
1.".
$1.75
.
75c
3^12
4-::lZ-
;
'
ZZ
3-20
3-26
15c
_
4-19;
3-15
4-1
3-15
4- 4
3-
9
8%
Alcohols, Ltd.,
7
Sz.iir'jina'
——
—
Commonwealth
Edison
Commonwealth
Investment
Commonwealth
4-15
3-30
4-15
3-30
3-5
Dow
3-30
35C
i :
■-
;
.
4-
1
1
3-11
f$1.50
Continental Air
5-
■
■
3-29
1.
3-15
>v 4-X'i
3-15
•7
3-15
>:.; $1
4-1-
k
3-29
3-15
4-
1
3-15
4-
1
25c ■'••■■■'.4-
1
3-15
-43%C ,7;Z'4- 1
3-15
60C
J ;,-.:Zi20c:
—
68%c
„
....
3-15
25c
<
common
„
7-
43%C
(quar.j"
1
1
15c
.
(quarTf"
5%
(quar.)
preferred
Continental Gin Co.,
3-13
4-
1
3-15
99 %c
4-
1
3-15
7-
1
6-15
3-25
3-4
1
3-15
$1.13
i
40c
...
—
Distribution
of
one
additional
Ghare
each share held so
effect two-for-one split-up^.
value
$15
for
$1.75
,
(quar.),,
$1.75
4-
1
3-15
$1,62%
4-
1
3-ie
3-29
3-15
EL Paso Electric (Texas), $4.50 pfd. (quar.).
El Paso Natural Gas Co. (quar.)M...^....
preferred (quar.)
Corning Glass Works, common (N. Y.)
■3% % preferred (quar )—
—
$1.31%
4-15
3-22
8% preferred (quar.)
Emerson Electric Mfg„ 7% pfd. (quar.) __..w
i2yac
3-30
3-19
4-
1
3-19
61
3-25
3-12
$1
3-30
3-15
Co., 6%% pfd.
partic. preferred (quar.)
7%
75o
_Z
v,
,
%C
87
■j
Reynolds—
$6 conv. preferred-A (accum.)
Cottrell (O. *B.) Sons, 6% pfd. (quar.)_C-—«
common (quar.),,,,
Cream of Wheat Corp. ,(quar.)
Creameries of Amer. Inc. (Increased
Crane Co.,
Crowell-Collier Pub. Co.
_
Z
qZTarZ)
" 4- I
$1.50: >Z4-rl"
.
3-25
3-30
3- 9
90c
(Increased quar.)_,
4- 1
25c
t
3-25
3-13
40c
4-
1
3-20*
25c
4-
9
3-18*
5C
Drug Co. (s-a)
Zellerbach Corp.
3- 0
(quar.)—..
26c
■
4-25
v.: 4-
1
-
4-13
Z
3-13
$2
3-30
3-15
3-15
30c
3-30
3-30
Insurance Shares Corp.—
(quar.)
„
Common B (quar.)
■
Crystal Tissue Co. (quar.)
Cuban-American Sugar Co
7% preferred (quar.)
7% preferred (quar.)
Curtis Publishing Co.—
$4 prior preferred
$4 prior preferrd
;
Dan
{
Z
(quar.)
t
;
r-/
'1
Extra
75c
pfd.Z_."~
(•
6%
>
;?/
25c
(quar.)ZZ
Z 3-18
6-18
8
4-
1
3-
4-
1
3-8
4-
1
convertible preferred
^
•rm
.
„
4-
1
3-20
•
Gold
Light Si
Motor
J.
(quar.)
Traction Co.
Truck
350
■
Federated
Publications,
Inc.
3-15
Federation Bank & Trust Co.
3-15
Ferro
25c
87%C
,3-30
ZZZZ
,
4-
1
3-16
2
35C
;j-
4-
,5C
"
>
;
^
1
vin
3-20
■
4r 1
,4r
1!..
,
3-26
40C >
Corp.
(N. Y.)
.4-
■
Fund,
3-25
Inc.
■
.
I,Extra
rpt i
—-1.^,-1.
- -T'f
;ZZ^v;Zv"Z -ti'iitp:
;;
s
,
^
;
3-15
4-20
25c
5-
1
4-20
4-
1
3-15
$.1.50
4-
1
Z; 3-15
$142%
87 %C
4-3
$1.25
:
—
5-1
5%%
>
:.
3-18
1
3-18
3-29
1
3-15
4-15
3-29
:
Gruen
Guarantee Co. of North
7">:r Quarterly
3-16
•; ■•■
Extra
T
Guaranty Trust Co.;
«
■
■'-P,:4>
-.0
'•'
4-. 1 /
4- I
,
$1.25
4-1
3- 1
3-20
3-27
x
•6-28;
■
4-10
3-31
5-1
4-20
1
3-23
7:
5- 1
4-24
>
5-1
•
31 ViC
4-
1150
;;
8
3- 1
4- 1
25c
9.09%
30c
4-24
7-25
8- 1
30c
I ZZ.7lZ.80C7
>'.f
'8- 1
■
■
7-25
20c
4-
1
3-15
93®4c
4-
1
77 3-15
;
*
■
3-29
3-
$62 Vic
- .j
3-11
3-30
±si
3-15
/
7
3-29
25c
30C
3-20
4-1
77 4-15
3-20
'
•4- 1
3-15
125c
4-1
3-15
'$'$1.75
4-15
3-30
1
3-20
'.-25C
:
.
'
■
4-
$$3.75
'
2-28
175c
3-30
$75c
3-30
2-28
30C
4-2
3- 9
;
v
l——
4-
$1.75
3-
2
9
1 7:73-157
3- 1
4- 1
500 77 4-
"
15C
25c
77
'4-
4-
' 31 Vi e Z
,
$1.50
—
774-
35C
4-
Z $1.06%
'74-
—
3-20
'
17
3-20
•;
1
4-1
$0.05092
3-20
:
IZ 03-11
1
7,3-11
3-11
1
4- l-;
3-13
:-34%C '
7',7 6-717
::5-15
$1.25
4- 1
7' 7- 1
3-25
$1.25
$1.25
10-1
9-25
;
>
;
(quar.)
;
$50 7;
3-29
3- 7
25C
4-
1
3-15
-
(N. Y.)
■
-
~7-
si.25
(quar.),.
America (Montreal)
;
•
{(quar.)
«,Z:-.
"50c
:
(irreg.),,
Z
"Co., $5 pfd.
7-
3-15
3-30
$1
50c
(quar.)
preferred* (quar.)
Guantanamo Sugar
'
:
62ViC
,
preferred (quar.)
1 Oil Corp.
Watch (quar.)
4-
■
V. $1.50
(quar.)
Group No.
3-31
3-16
l«t
4-
40c
V
1st preferred
5%
"5%
3-20
fp
3-31
$1.50
Griggs Cooper & Co.—
5% 1st preferred (quar.)
v
1
;z 4- 1
Co
cohv.
4-
7
.
Co. (Winnipeg)—
Greyhound Corp., common (quar.)
./♦4%%
preferred (quar.)
Grlesedieck Western Brewery Co.
3-13*
-j;
1-7 3-13*
$1
Z, $1'25 participating pfd. (quar.)
t Participating
-Greenwich Water System, Inc.—
"•1 6%
preferred (quar.)
■•
7 3-13
1
$112Va
5C
:.r
y■
——^
4- I
4-
$1.75
:
7-7
6% 1st pfd. (quar.)—
(quar.)
preferred
Z 3-22
jy
4- 1
40C
66V4Q
Great Western Sugar Co., common
^•-*7%
4-
t-40C
-•
.
>11-6% 2nd preferred
3-15
3-30
(quar.)——„,—
V«
ZiZ.Z-zZ^Z^Z'-.i
3-15
tpi
$1.25
(W. T.) Co., common
—w
3% %
preferred (quar.) —
Grayson-Robinson Stores (increased quar.)
Great American Insurance (N. Y-.)
(quar.)
Great Lakes Paper, $2 cl. A pref. (accum.)
$2 Class B preference (accum.)
Great Lakes Power Co., Ltd.—
-
preferred
3-20*
3-11
3-15
1
1
300
'
3-11
5-'
62 ViC
v.,..
-Quarterly
.3-15
4-15
3-11
3-11
4-
—
■
Great West Saddlery,
8
3-15
3-15
.
*
'
conv.
$7
3-16
3-
3-15
3-15
4-1
25c
'i
National Bank (N. Y.) (stock div.)„
Great West Life Assurance
4-
8
4-
•
Grant
3-15
1
3-26
3-16
Z
z;; 3-22
3^ 8*
4-1 4-1
$1.06%
v
Extra.
3-15
v
/■ 3-20
'
2
4-
50c
62 Vic
—
Quarterly
3-18
U 25c,
5-10
'Z:4-'.l Z
15c
common
'Extra
~
250
(quar.)
—
5-10
-
7
$1.75
Co.
Co.,
State
1
4-
5-25
.
,
9
3-
5-25
-
30C
class A (quar.)
(quar.)
(quar.)
Stock Telegraph (quar.)
7.
&
5%
3-16
3-18
3-23
4-15
Z
25C
i,
preferred (quar.)
Grand & Toy, Ltd.
(interim)
Graniteville Co. (quar.)
1
4-19
»
/
4--1 ;''■■ 3-15
3-15
4-25
"■•
37 %c
^..
Grace
3-30
7
1-
4-
Z'i%c"
1
3-
1
«••
1
3-20
1
5-
.
4-1
Manufacturing Co. (irreg.)
Goodrich (B. F.) Co., $5 preferred (quar.),
Goodyear Tire & Rubber Co. of CanadaCommon (increased quar.)
5% preferred (quar.)
Gossett .Mills■..^
——
'
(quar.)
s'; ■'.20ft:
'■«!-'4-, :1:
$6
Fifth Avenue Bank (N. Y.) (quar.)
4-.1
Fifth Avenue Stores (Los Angeles) (quar.)..
15? ,
Z
FUene's (Wm.) Sons Co. (quar.)—.:
.Finance Co.. of Pennsylvania, com. (quar.)-,
ri
Fidelity
4- 2
$1
Enamel
.v
1
Graham-Paige Motor Corp.—
5% preferred A (quar.)
3-27
4-
4-
;
74-
15C
Goodman
3-21
10c
25C
73-22
-
preferred (initial quar.),:
Gold & Stcck Telegraph (quar.),:
Goldblatt Bros., Inc., $2.50 pfd. (quar.)
$ 4- 1
25c
—-
Co
1
62 Vic
4%
3-20
3-16
3-30,
25c
of N.
4-
(quar.)
7 %; preferred (quar.) i,—
Brewing
Golden
3-22*
3-22
•1; 3-30
3-
A
$5 pfd. fqnar.)
Co. (quar.)
3-15
3-15
3-22
'•
—.—
Federal Insurance Co.
3-30
""
Insurance
3-18
3-15
4-sI;
10c.'
25c
p Extra
Federal
,.
,
3- 1
1
1
25c
Class
1
3-
4-
4-
preferred (quar.),
3-18
-
■7,4- 1
$142% y
preferred
$4.50
Goebel
3-11
3-21
3- 6
■pWl
422C
$$1.37
Godchaux Sugars, Inc.,
•
>
$2.59'
50c-
3-20
-
4%%
y
"/> /»/»»; i«.T'
Fedders-Quigan Corp.....—
Federal Bake Shops (quar.)
3-30 ' 'V
,
(initial)
(A.) Co:. ,Class A—
Syracuse
:..^Z——
Quarterly
Rubber Cq.———
3-15
3-30
t$1.25
Greening (B.) Wire, new common (quar.) —
(Greenwich Gos Co., common (irreg.)
Faultless
3-30
-
Z"Z
Co., common
convertible preferred
Green (D.)
Farmers & Traders Life Insurance,
3-30
50C
(quar.)_I
(A.- C.) Co., $3.50
Falls
Glens
4
Federal
'.'h-
40c
343sC
*
—i.;
Gillette Safety Razor,
.
+25c
125c
:i
De Long Hook & Eye Co., new
u.-i
;
—
i
(Rochester),
B
Class
Gilbert
4-1
3-22
Endicott Johnson Corp., common (quar.).
4-1
3-25
4% preferred (quar.)—...
$1
4-1
3-25
Engineers Public Service Co., $5 pfd. (quar.) $1.25
4- 1
3-14
/ $5.50 ; preferred
(quar.)
—$1.37%
j 4- 1 -; 3-14
'-,'$6 preferred (qufer.)
$1.50
4- l:v'1 3-l'4
'Erie Railroad Co., $5 pfd. A (quar.)\li-_L^-$1.25:' ~ 6- l'1*:: 5-17
$5 preferred A (quar.)-...^:^.^.^.^^.-1 ,<f; $1.25
9- 1
8-16
$5 preferred A fgiin.r v
>■* ih^i 25
12- I
11-15
European & North. American Railway (s-a) ',:$2:5Q.5 ~ 4- 3
3-13
Evans Products Co.* (quar.)
3-30
3-20
Eversharp, Inc., common^"(quar.)-r'" 30o ;
4-15 1
3-14
rExtra
-Li
• 20c
4-15
5 3-14
5%
preferred »(quar.)
iuknui*U-25c?.,».-,#4-*1..!> v-> 3-14
Ex-Oell-O
Corp. TuJA.
i-vn 65c<4. . 4- 1 , \ 3-ll
•
Davidson Chemical Corp. (quar.)ZZ
Dayton & Michigan RR. Co., com. (s-a) ""
r
8%
preferred (quar.)
ZZZ
Pe Pinna
1
$1.75 ■':> 4- 1
,
David & Frere, Ltd., Class A
.
*X
4-
7- 1
•'••-7500.
7
3-18
4-1
77
$1.75
—
Davenport Hosiery Mills, Inc., 7%
Common
~
3-20
3-30
250
$1.75
(additional)
Mills
River Cotton
7;. i5c
Z"
:
Z 3-15
3-15
>.
75C
Co., $5 preferred
$6
(quar.)
Gerber Products Co., 4%% pfd. (quar.)
Crum & Forster
Common A
3-15
(quar.) —
——W
Power
preferred
50c
75c
(increased)
4-1
(quar.)
Georgia
3-15
3-30
$1.25
(quar.)
Brewery
Genesee
3-15
30c
Crucible Steel Co., 5% pfd. (quar.)
Crum & Foster 8% preferred (quar.)ZZZZ—
75c
$3.50
1
$1.50
(quar.)
preferred (quar.)
4 'A %
.
'
40c
•
Crown
3-20
Zl. >'25o' Z 3-25
Crown Cork International Corp.—
*v,
$1 Class A (accum.)
:
Crown Cork & Seal Co., Inc. (quar.)_.ZZ—
Crown
Drug,
Common
3-22
$1.50
25c
62y2C
$1.12>/2
' 6O0
50c
$1.76
-
Empire Trust Co. (N. Y.) (quar.)......
Emporium Capweli Co., 7% pfd. (s-a)—
Corroon &
*
(quar.)—
(quar. >
common
preferred
5%
Emerson
$6.25
Coro, Inc.
Coronet Phosphate Co
Elliott Co.,
preferred
$2.50
7*
3-
1
4-
Common
3-15
3-27
3-30
4- 1
4-1
3-31
4- 1
Z, 4- 1
4- 5
4- 1
4-16
?
4-
General Time Instruments Corp.—
3-20
3-11
3-15
3-15
3-25
■
1
30c
(quar.)
General Telephone Corp., common
to
Cooper (Peter), 0%% preferred (quar.) —
Cooper-Bessemer Corp., $3 prior pfd. (quar.)
Cornell-Dubiller Electric Corp.— '
Continental Tel.
*
3-21
4-1
3-30
4- 1
4- I
4- 1
3-30
4-1
5-
"-20?;
•
3-21
4-1,3-8
•
30c
.
3-16
3-28
'
par
as
$1.62 »/a
4-
75C
75c
$1.50
15c
$1.50
pfdZZZ
3-19
1.
4-
> i:-Zv: SI
7
10c
.
4- 1
(quar.)...
50c
Electrical Products Corp.; (Cal.) (quar.25c
Elgin National Watch (quar.|^.-..-j»--^.
25c,
3-15
4-
$1.12
3-20.
$1.25
$7 preferred (accum.).
Electric, Storage Battery Co.
3-15*
1
4-1
50c
.
4- 1
6% prior preferred (quar.)
Electric Household Utilities Corp
v
Electric Power & Light, $6 pfd, (accum.) _.
3-15
.
(quar.)
common
4%% preferred (ouar.)—1
4%% preferred (quar.)
Continental Oil Co.
(Del.)
4-1
'
3-30
_
Z__
Globe-Werniefce,
———
3-30
4-25
Corp.—
Z
0$1.25 Z
General Mills, Inc., 5 % preferred
5- 1
$1.25
General Motors Corp., $5 preferred (quar.),
20c
3-25
:
General Paint Corp. (irreg.)
25c 774- 1
$1 preferred (quar.)
"
25C rv 4- 1
$1N conv. 2nd preferred (quar.)
A- 1
25C*
General Railway Signal Co., com. (quar.)_Z
7-4-: 1.7:
$1.50
6% preferred (ouar.)
:
,
3-29
20c
General Refractories Co.———
———*
>■•"''Jv'-.v,!?',General Reinsurance Corp. (N. Y.)—~
3-30
5 .30c
New $10 par (increased)
40C >■:■ 3-27 <P
Glidden
25c
3rl5
-
450c
Machinery
^.3-31,;?? -3-li
$1.06%
3-16
-
''p 4- 1
>
4-18
(quar.)
Corp.
3-20'
1
7 4-
50c
American
Instrument
3-15
Electric Ferries,
Continental Can Co., Inc.—
W $3.75
3-15
,3-15 '
3-30
(quar.).
6-15
9-16
3-29
«
(quarj
4-10
4-25
4-15
3-30
Vie
t$3
preferred
General
3-20
$1
Electric Auto-Lite
1
Continental Bank & Trust Co. (N. Y.) (quar )
partic. class A
Electric Controller & Mfg.
$1.37% Z.ZA20C
:
710-
.
:435c
(quar.)-,
partic. pfd. A
$3
General
—
?10o
3- 5
3-29
4-1
3-15
(Increased)"
& Co., com.
(Julius)
3-15
V 4-
25c
(quarJZ,
preferred
6%
3-16
37 ViC
:
—
4-
.
3-15
..ZZZZZZZ
-
.
(quar.)—
Co.,
3-15
4-
lZZZZZ
preferred (quar.)
—
37J/2C
4- 5
3-22
Associates—
4%% prior preferred (quar.)$1-12'/a
4-1
3-15
6%
preferred (accum.)
—
75c
4- 1
3-15
Eastern Magnesia Talc Co., Inc; (quar.)...
$1.50
3-30
3-20
Quarterly
...
—
$1.50
6-29
6-20
Quarterly
, $1.50
9-30
9-20
Quarterly
. ,
$1.50
12-21
12- 9
Eastern Massachusetts Street Ry. Co,—
,
6%
preferred B (accum.)
$1.50
5- 1
4-10
Eastern Racing Association (irreg.)
—'
$12
3-28
3-20
Eastern Steamship Lines, Inc., com. (quar.)
25c
4- 1
3-22
r $2 convertible preferred (quar.)-..^,—.
v 50c
4-1
3-22
Eastman Kodak Co., common (quar.)...—
$1.50
4- 1
3-5
6% preferred (quar.).—
$1.50
4- 1
3-5
Eaton & Howard Balanced Fund.
——
.,
20c
3-25 .' / 3-15 ;
Eaton & Howard>6tock Fund——.3-25 .
3-15
Economy; Grocery; Stores., (quar.)^^..^^.,I 3-lf
Economic Investmeht Trust (irreg.)
$$lt20ao}?4-vX
3-15
4-1
30o
3-15
3-15
:
Paper Corpt- (increased)
Edison Bros. Stores—
4%%participating preferred (quar.)..
Elder Manufacturing Co., common
3-15
$1.12% ZZZ 4- 1
3-20
4-
(quar.TZZZZZ
4-1
3-21
3- 2
3-22
4-15
4- 1
Eddy
6-14
4-
t$2
(quar.)
Continental Baking Co., $5.50 pfd.
3-25
3-15
7 37
Investors Co., Inc.—
(quar.)
Transportation (quar.)
General Baking Co., common (quar.)____—
$8
preferred (quar.)
General
Box
Co.'
(quan)„
General Controls Co., 6% pfd.
General Electric Co.
(quar.)
ZZ
General Finance Corp.
(quar.)
—ZZZ
5% preferred A (s-a)
6% preferred B (s-a)
General Flreproofing Co.—
7% preferred (quar.) ———
3-15
3- 2
4-1
4- 1
Ecuadori&tt iCorp.,;
3-15
-
(Chicago)"—
Continental Assurance Co.
-
5
3-15
3-30
$1.12%
ZZ
$4.50 pfd.
Lines
3-
1
5
,
(Boston,
Trust
(Toronto, Ont.)
Quarterly
4-
;
3-
•
500
7———
Consumers Power,
-
3-15
90c
$2.75
Consumers Gas Co.
;
$20c
—
Investment
preferred (quar.)
Consolidated Steel Corp.,
$1.75 preferred "(quar.)
$1.75 preferred (quar.)
—-
1
4-
75c
—
& Mass) (irreg.)
Consolidated Press/ Ltd., Class A—
Consolidated Retail Stores, Inc.—
Common
(increased)
•'v
•Z
Power
of Baltimore, common (quar.)
preferred B (quar.)
4% preferred C (quar.)
3-20*.
25C
preferred
:
$4.50
Eastern Gas & Fuel
12-10
4-1
81.75
$1.25
4%%
3-15
-3-16
37% c:
•„
-
General American
3-5
4-1
4-1
$1.12%
5% %
General
$1.75
(quar.)
(Robert)
Gemmer Mfg.
Eason Oil Co., $1.50
Co.—
&
3-15
-4-
1834C
(quar.)».—————
Garlock Packing Co.
(quar.)
I_Z
Gatineau Power Co., common (quar.)
Z
5%
preferred (quar.)
—
Z,
5%% preferred (quar.)
Zl-»Z,«'Z
4-2
4-2
.4- 1
Xquai^)------—-$1.12%
$4.50 preferred
'
3-31
75c
50o
-—
"
5- 1
Duquesne Light Co., 5% 1st pfd. (quar.)—
$1.25
Duval Texas Sulphur Co.
(quar.)25c
9-10
750 >7 4r I
Light
3-16
common
DuPont (E. L) deNemours & Co.—
:
6-10
9-15
;
$$1.50 7 12-15
$5
Consolidated
3'u
:
6-15
t$1.50
(increased)
Z
Consolidated Bakeries (Canada)
(quar,) —
Consolidated Cigar Corp. (quar.)_
Consolidated Edison Co. of New York, Inc.—
*
1
—
preferredZZZ-ZZ
preferred (quar.)—
Consolidated Gas Electric
Co.,
Power
preferred
3-11
4-
$3 preferred (quar.)
Connecticut Light & Power
<
3-15
4-
7
3-30
... ;
Ltd.
Co.,
Garflnckel
3-28
3-31
6-30 4
75c
preferred (quar.)..
Dun &'Bradstreet, Inc.—
$1.75
" ''
ZZZZZZZZZZZ
,
Conn (G. C.) Ltd., 7% prior
Connecticut Gas & Coke Securities
,
Duke
5
$1.37% c.
p
Quarterly
15c
493c
$25c
$25c
$$1.25
$$1.75
37'/2c
750
$1
$1.75
Drug
3-14
3-31
$1.25
yjZ $7 preferred (quar. )-i—ZZ-Z—
Quarterly
Quarterly
3-13
25c
P-
_
r
Corp.L.
.
^Gannett Co.f class B conv. pfd.
3-28
5-1
8- 1
4-1
5- I
5-1
4- 1
4-15
3-15
4-15
Steel
pGalveston-Houston Co. (quar.)
3-30
:3-30...
Draper
4-
Gair
4-30
4-30
(quar.)
(quar.)
common
4-1
'
$1.50
Confederation Life Association (Toronto)
Co.,
7%
r
-
Chemical
5-1
•
6c
$6 preferred (quar.)—
f.
3-23
3-20
4-
37 %ft
""
(George A.), 4% conv. pfd.
Fuller Manufacturing Co.
Fulton Iron Works Co., 6% non-cumZ
$30c
■ "410c
(initial)—
common
-Fraser
4-15
4-15
$4
Dow
Commonwealth Water Co., 5%% pfd. (quar.)
Commonwealth Water & Light Co.—
■
3-30
.
t
■Fuller
$$1.25
$$1.75
$20c
420c
$$1.25
preferred A (quar.).
Co., 7% preferred (quar.)
Corp.
(quar.).
Dravo Corp., 4% preferred (initial quari)^.
3-11
(Indianapofis)~
j.5% preferred (quar.)
+25c«
r
^Ereinian (A. Co. of Canada,pfd. (accum.j_—
J.), Ltd., 6% Ltd. (quar.)
Foundation
4-15
3- 9
5- 1
Pressed
Franklin Process Co.—
8-9
4- 1
,
(initial)
& Kleiser Co., class A pfd. (quar.)
Wheeler Corp.j com. (quar.)
Fostoria
3- 1
4-1
(quar.)
preferred (quar.)
preferred
7%
3- 5
3-27
10c
(Del.)
Co.
3-21
75c
ZZZZZI
6% preferred (quar.)
7-
$35c
Donohue's, Inc., 6%
3-30
;,^.-.9007
„
—
(quar.jZZZZZZZZ
ZZ
Co.
Loan
Co.,
50c
15C
Commercial
Irregular
Textile
Dominion
HOC
(quar.)
1_,L„
preferred (guar.),,:
:
:
Shearing & Stamping Co.—
3.60%
3-18
25%c
Commercial Credit Co., common (quar.)
'v
1
4-
'
oommon
4>/a% .conv, preferred
•Foster
4-13
v
Inc.,
PA 6%
preferred (quar.)--_.
7
6% preferred (quar.)_
3-15
3-30
3-30
1 / Z 4-15 ;
5-1
4-15
$30c
$43c
5%% preferred—
(quar.)
trust certificates
Voting
common
preferred, (quar.)——
8-20
11-20
'
preferred
Foster
•
3-29
4-30
4-15
Common
Columbia Pictures
Commercial
1
4-15
$1.50
^raJ'ne Corrugated Paper, common——
3- 4 ^
4- 1
4-15
25c
Extra
Dominion Tar & Chemical,
75c
Corp.—•
$2.75 convertible preferred (final)
3-20
Dominguez Oil Fields (monthly)
10C
ZZZ
25c
pfd. (quar.)...
6'/c
,
-, >
62%c
10c
—
Foremost Dairies,
■
^3- 4
.5-1
common——
3-15
1
4-
25c
i 3- 4
4- 3
t$1.25
Foundries & Steel (quar.).
Dominion. Glass Co., Ltd., com. (quar,)-..
i
7% preferred (quar.).
Dominion Malting Co., common
(quar.)..
Common
(quar.)
I
—
5%
preferred (quar.)
Dominion Oilcloth & Linoleum
(quar.)
3-20
ZZ_ZII
77/0...;
9-
12# 1
17 Vic
;;
5-20
1
17l, 2 c
.
3-20
*
6-
r
'
8-12
3-18 »
•
.Dominion
3-20
4-15
.5-15
Co.,
Cup
9- 3 ;
Dominion Fabrics, Ltd., common (quan)i4Z^
^
6% • 1st redeemable pref. (quar.)—$75c
Second cumulative preference (quar.)
tZIVzC
11-1
3-30
$1.50
Electric Corp..
preferred
;•
—Z_Z"
(quar.jZ*
(quar.)
,;
Flambeau Paper Co., 8% preferred
Fleet Aircraft, Ltd. (interim)—
4- 6
-
Mines, Ltd
Dominion Dairies, Ltd., 5%
3-14
75c
_
(quar.)_i_—"""
'
4-20
$3
Dome
.
3-14
:
:
(participating)
Class A (quar.)
Dodge Cork -Co.', Inc. (resumed)
Doehler-Jarvis Corp. _
:
25c
ZZZZZZZ
Corp
Dixie
:,
$$1.75
„
ZpZZZ
I
(Irreg.)
common
:
1
12-
$25c
87»/ac
:
■:
3-15*
6-1
M25c
'
3-20
1
4-
,
3- 9
4- 1
\ 25c^ 3-30
''"v 50c;,'$- 4- 3 ;
'V^- 50c/
4- 3
(initial).—ut—
$3 participating preferred
Distillers Corp.-Seagrams—
5% -preferred
(quar.)^
3-11
$5.60
Z~Z
Columbia Baking Co., common
V. $1 partic. preferred (quar.)
Columbia Gas
'
*
(s-a)
preferred B (quar.)
preferred (quar.)
$6
3-30
ii;. ;
3-15
•
Corp.
(quar.)
Colonial Ice Co..
.
3-29
25c
,,
.
Colgate-Palmolive-Peet
;
80o
.
Co., Ltd.
preferred
7%
3-30
$1.75
7' 17VaC
_
—
75c .'?;
(quar.)
Co.
Giorgio Fruit, class A
Class
B ' (initial)
Di
u
3-20
75o
Plow
Diamond T Motor Car
3-15
1
Inc., com. (Interim),
International
Cockshutt
bp 7%
.
$1.06%
$4.25 pfd. (quar.)
partic. pfd. (s-a)
Dewey & Almy Chemical,
Diamond Match Co.,'6%
3-15
4-
'
(quar.).
preferred
Coca-Cola Co.
(quar.)_^-____
v'$3
'10c
(increased)
B
Class
4-17
4-
S
,
15c
?%. pfd. (quar.),
Co..
preferred
-
.
9
l-v i 4-17
5-
20c :
:
~T
quar.)_Z~Z_Z~Z~
Coal
7%
'
'
:h'
com.
.
3-18 V,
1 '•»
•; 4-
20c
3-
3-31V.
♦1.12^
Industries
>
-
3-30
1
4-
40c
(quar.)
,
Z
^Cleveland Hobbing Machine Co. (increased)
Climax Molybdenum Co.
(quar.)
Water Works
3-11
1
4-
*'■
V-7; 75c :''
„
preferred
Clinton
■
J,
50c
Clinchfield
3-15
'
77
$1.75
"
rClinton
•
*
v
•
Class A (increased)
Cleveland Electric Illuminating Co.,
.
-'
Stores, Ltd.—
.
\
(WashhT^on' PaJ—
:
Quarterly
Fltzslmmons
3-18 r
/: 4- 1
60c
(Chicago)ZZl "Z
Pawners Society
.First 8tate
v"
3-11A
,
'
(quar.)
v
J
3- 4
3-15
"
1
4-
5
4-
$20
4-1
62 V2C
_
W
8-15
'
City Ice & Fuel Co. (increased):
City Investing Co., 5%% preferred (quar.).
City Stores Co., common (increased quar.)-.
$4.50
i
9" 2
$1.25
7% preferred. (quar.),,,.^
Citizens Wholesale Supply Co.—.
6%
5-15
1
6-
$1.25
;
i__;
Citizens Water Co,
——
——
1
of Rte.
4-20
•1'
:
Cincinnati & Suburban Bell
4
Inc.. (quar.)—
Stores,
Hoiiere
50c
Ttfe & Rubber Co._„—
National Bank (N. Y.); (quar.)____ZZZZ~
National
First
When,
payable
■,
Share
"pPS-
Name of Company i
•■
H 4- 1 ;"iV"/3-18 ' Florence Stove Co
3--3Q
>V
50(7
"
Florida Public Utilities CoZ—"
7% "preferred, (quar.)—r$1.75;4--1;'4-4- 1
$i.ia3%
Denver Dry Goods Co., 4Va% pfd. (quar.)—
$1.12% ^ 4- 1 - 3-15 7 4%% preferred (initial quar.)
4- 1
50c
Florsheim Shoe Co., class A
4Yz% preferred (quar.)—
$1.12ya
7- 1
6-15
U. 4- 1
25c
Class B
■
^..7
ZZZZZZZ
Detroit & Cleveland Navigation
L 50c
3-25
3- 5
7;Z: 40C- •*'. Z 3-30
Food Machinery Corp.
(quar.j"
Detroit International Bridge (irreg.)
30c
3-30
3- 2 <
1
tmac. >:
Foothills OH & Gas, Ltd. (initial)"
Detroit-Michigan Stove Co.—
4- 1
Forbes A Wallace, Inc., $3 class A (quar.)ZZ- >.;.f ■ 75C
5% preferred (quar.)
; ;
50c / 5-15
5-6> *
5% preferred (quar.)_,
:'S
50c > 8-15 '
8- 6 1 Foreign Light & Power Co.—
4
0%
1st preferred (quar.)_
V V •; «1.S8
Devoe & Raynolds, Class A (increased)
20c i' 4- 1 <•' 3- 9
•415c
"
Cincinnati New Orleans, te Texas Pacific
<•;
First
'
^
3-30 ];,< 3-11 ;;
$1
Z-
Firestone
+
3-16
3"30
4-10
7-10
10-10
3-18
F«r
;
"
of Reo,
3-25
3-11
-'15c
4- 1
'3-15
Jl15 :''- 3-20 ■ ;-'?2-26
-
(quar.)
Co,
Hudson
•2>elaware ic
3-20
4-1
$1.75
_,M
-
■% 4-15
25c
Quarterly
Quarterly
(quar.).-—
Deisel-Wemmer-Gllbert Corp. (quar.)
■Dejay Stores, Inc.
(Increased)
....—
'
$1.75
-C-y
Deep Rock Oil Corp.
3-11
3-20
;
-
'
■
-3-16
1„V
v
'4;
3-16
4- 1
v
62'/2C
4
Payable
^ Share
30c
—25c v"
-v'.; 25c •
, v 25c : *
i 35°
Records, Inc. (quar.),
Decker (Alfred) & Cbhn (quar.)
■Decca
.1' 4-15
1
5-
-
$1.25
.
7% preferred - (quar.)
Cincinnati Gas & Electric Co.—
•
i!-
v-; $5
fZ'"
Nome of
•
Chicago, Milwaukee, St.. Paul & Pacific RR.~
; 5/»
participating preferred A (initial)
;»'
Chicago & North Western Ry.,- 5% pfd. A
\
Chicago Pneumatic Tool Co., $3 pfd. (quar.)
!
$2.50 preferred
(quar,).:
,
,„7
Chicago.Towel Co.; common.
$7 preferred (quar.) j
,
_
Chlckasha. Cetton Oil (quar.)
Christiana Securities Co.—
.!
of Reo.
Payable
•-0P-i'i-Vr'v-*"'^When'.:- -Holder*
-«:"Z'•>
Holier t
When
Per
i
1611
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4475
1S1.50
(p
;.. •. ?3
)
.-71'
3-15
7:74- 1
7;Z,
3-30
4-15
3-30
4-15
i$4
1
6-25
••-'■-45.' i
1
i
3-13.
•
i
•'.'
'
._-•■■
■
7
1612
THE COMMERCIAL &
FINANCIAL CHRONICLE
Per-
M
Name of Company
Guardian
(When
Share
.
Holier*
/ Payable
•
Per
of he*.
Name of Company
Investment^ Trust—
Iron
$1.50 preferred (accum.)——
Guardian Public Utilities Investment Trust—
4-4444
When
Share
Holier*-
Payable
£
Monday, March 25; 1946
r
of Roe.
''4.
Per
■■■ftftftfty ; 4yft4".
Fireman Manufacturing Co.—
Maripn
\rr
0/ Company
ftftft
»|
ft:
When i
Share
Holiera
Payable
-
Rteft
of
Water
Co., 7ft preferred ; (quar.);— ;: -v $1.75,:
13-11
V 4- if
ft30c
•.^ Mari?h' (M.)
St Spns.'Ltd.
4 Common
(quay.)44^. .4; 40c- ''v 4- 1
•.3-16
,1
9- 3
8-10
4 " 30c
Marshall Field & Co.,
Preferred
(lrregv) '___
55c
4- 1
4Vzr/e pfd. (quar.)4„4'$1,06y* i 4 3-31
3-15 4;
Common
3-15
(quar.)-—-—«r—'i 4vV 30c;:;: '$2-4"2.4 11- 9
Maritime Telegraph & Telpehone
Guardian Rail Shares Investment Trust—a.Xx••
:■<*! r.V'-vH"
Co., Ltd.— ;
Island Creek<Coal Co., common (quar.)-T24 ftft 50c 4
4-' 1 :
3-22
Series I, preferred (irreg.)—I
'4,.;. ''.Common-' iquat.)$20c•
75c
4- X ; .
3-15
$6
4-15
preferred
,43-20
(quar)—:
^
1
I. 31-5Q
7ft preferred B
Guilford Realty Co. (Baltimore
441.4 p. 3-22
Jamaica Public Service, Ltd., com.
(quar.iX7Vz<s.
4-15 .ft ft 3.-20
Md.)—;';/^
■:
$ 17c
(quar.)-.,
2-28
ft MartinrParry Corp.
Accumulative
——-7y- $1.50
3-29
3-19 4
,7ft preference A' (quar;
4-1
15c
; 3-20
x$1.75
■, 2-38 ;
Market; Basket, ft
Gulf Oil Corporation.(quar.)—
25c
20c
3- 8 4- 144 3-20
7ft preference"B (quar.)
4-1.;
>:
4- -1 -:i ft{2-28
:
xl%ft
Preferred series A (quar.)___
Special
25c
43- 8
25c
,<
5ft preference C (qupr.«
,4-s.l » £. 3-20 tit.!
1;^
a- i' :
2-28
XIV* ft
Gulf Power
ft MarUh-RockwelL Corp..
; 4,50c
i 4r
3-20
Co., $6 preferred (quar.)
I. ft
/; $1.501
4- I
3-15
5ft prefereinqe D (quar,)——.
xiy«%
Marshall-Wells Co., 6ft preferred
Gulf Public Service
7,4-. Xi P-28.4
(initial)
15c
(quar.)
•
$1.50
3-26
.4-1.;
3-28/, 3-18 ,'.4 4Jamaica Water Supply Co^— "
^
:
Marven's, Ltd.,- 5(if preferred (quar;.)_^„^..$$1.25
Halle Bros., $2.40 preferred (quar.)—60c 1;
4-1
.3-15
4- 8 S ; - $5' preferred
4-15
(quarr)_:444
43-154:
Maryland Drydock- Co., common
Haloid Co. (quar.)
37yac
Jamestown Telephone, 6ft. 1st
: 3-15
4-1 ;
-L20c/u; A- X fs 3*15
pfd. (quar.)
$1.50
3-15
4
7(« ' preferred (quar.) 42—-4-—
Hamilton Manufacturing Co.-~Jefferson
4r I
.$1.75
3rl5
Electric
Co.
;
L
T| >■
- ,
'• :
3-30
4, :50c J
Mascot Oil Co,-';—
4 3-15.74
3-25 i
••'Preferential
> lfi
3-15
Jersey Central Power & Llght-4"~
3-23
4
25o3*30 /
7.d('* ^ Massey-Harris Co., Ltd., common (initial)
Hammermill Paper Co.— . .1
$26o
4-15,
3-30
;
5Vaft> preferred (quar.)
•».•:,.
■
ft 3-11
$1.37%
Matfcieson Alkali Works, (common (quar.)
25c
6ft
3-30
4%% preferred (quar.)_.
preferred (quar.)_
3-11
$1.12%
4-1
I—.
3- 9
-1——,
•' 7
$1.60 v 4 4-'1-7
3-11
ft :' preferred ; (qqar.)_—
$1.75
3-30 #,
3-11
4ft, ft preferred (initial)—:—;—-----——' $1.2159 '
;.v 7ft preferred'(quar.)
4- 1
3- 9
'4- 1
7-. 4 $1.75 •
3-114
McAJeer; Mfgj., conv.; pre/erred (iniiiaD^-S
Hanover- Fire Insurance. (N. Y.)
Jewel Tea Co.,
4.-1
3-20
47/100c
(quar.)--„30c
4- 1
Inc., 4Vi ft preferred (quar.)
•3rl8*
$1.06'A
4-17
McBee Co.
(initial quaj.)—-- Ma*ww■ rft .ft'
45-1
4- 1 > :/ 3-20
Harbison-Walker Refractories Co.-r-> ;H.:
Johnson' Stephens & Shinkle Shoe
; 10c f'>
'
•
Co.—
r
1 McCaskey Register Co.,'4% %;
4- I
6%* preferred (quar;)__
pfd,/(quar.).^
14c
,3-26 V
t
Quarterly
4- 6
«jV $1.50
4-20 4- 1.4'
—4—
3-20
4 25c
McClatchy Newspapers, 7ft. pfdr-(quar.)
4334c
Jones Si Laughlin Steel
5-29
Harnischfegeu
Corp.,1 ocmmonr—
5-3i;
15c
4- 1
3-21
•v. 50c
Corp., com. (quar.)
3- 4
:t 4- 5
l-.-ji.VA preferred
(quar.)—14.--i-wWwA
5# preferred
5ft preferred A (quar.)43%c >* 8.-31
8-30
(quar.)
$1.25
4- 1
3-2l
3- 4
.———4
$1.25
•, 4- 1
V / 7ft
preferred (quar.)_W_^,-,*
433Ac
6^ 2nd preferred (quar.).—"
11-30
11-29
5ft preferred B (quar.): $1.25
4- 1
3-21
$1.25 V •;4- 14
34,4
i McColl-Frontenac Oil, Ltd., 6',^' pfd., (quar.)
Ha rris-Sey bold-Potter Co., $5 pfd. (quar.)-_4-15 >
$$1.50 rJoplin Water Works do., 6ft pfd.
3-30 ;•
$1.25
4- 1
3-20
(quar.)
4
$1.50
4-15;
4rJlw?i....McCord Corp;, $2.50 preferred (quar.)——* 62VaO ft 3-29
Journal Publishing Co. of
13-15*
^
Harrisburg Gas Co., 7ft preferred (quar.)— ; . $1.75 :
4-1S
.."'•3-29
Ottawa, Ltd.—
^.^McCrory Stores Corp., common (quar.)—
3-29
' 25c >
Harrishurg Steel Corp, (irreg.)25c • •>'• 3-20'^v 3-12 /
Quarterly-;^'
t?-14
$170- 4 4-15
3-$8
.-^1.-..w-'-Bn-l-'-Wi—:
25c
;
Hart Battery Co., Ltd.—I———
3-29
Kansas City Power & Light Co.-3*14
.;vv
10c
4- 2
2-28 -a
7
-wnv;/preferred /Onitlal) —;•//''L79c
4- I ft
HartfoFd Fire Insurance Co.- (quar.) -a— v— :
3-14
$6 preferred B (quar.
50c ?
.4-1
3-14
-,4- 1
.3-14 '
$1.50
—^^7
t^j^dCee»:(A;vG;)--|;^Co;?-class'B'(quar:I— _•&« ...,.-^75c
4-1
Kansas City Southern
'"3-20
Ifartman Tobacco—•
«
*
r.
Ry. Co., 4ft pf<J._—3-30 ;?vi*McKe8sonv
h 4-15
&"Robbins, $4 pfd,:(quar.-)— > v ft $1
; 4-15 " ^ 4*
$8; non-euro.- preference (quar.)
Kansas Gas & Electric
1 £'
•'
7
75o *
4*„1
3-22
C9., $6 pf^. (quar.) ;
$1.50
3-14
44-)'I
.■Mengel'Co. ,!;-—ww.Ll.—iw-l——' ■ /
?
3-30 i:
10q
Haverty- Furniture" Cos.; Inc.—*
7ft
a-13
preferred: (quar.)
;
p.-..
4* i ;
$1.75
3-14
Mead "Johnson Si Co.; new (initial
4- 1
quar.)
15o
3-15
$1,50 preferred (quar.)—
Kansas-Nebraska Natural Gas,, common-—:
15c
3-22
/;.« 37%c v.'i.4* 1
3-15
4-1
Extra
Hazel-Atlas Glass Co. (quar.)_
4
$5 preferred (quar.)
fern : 3-15
4
4*"$1.25 ■:/ 4- 1 4 3-15*
4- 1 ;
3-15
_T—47
$1.25 '
Merchants Acceptance C0rp.-*t
<; i.-i
'vS
Heller (Walter E.) & Co., common
Kansas Pwr. & Light
Co., 4Vz ft pfd. (quar.)
(quar.)/
*
15c
3-30
3-20
3-20 "/;■
$1.12%
; 4- 14
-Class-A' (irreg.)—i—
;
'
Katz Drug Co., $4.50
4* l,ft
.120; /
5ftft
3-20
preferred
(quar.)—-
70c
,
3-15
4- I ;>
Common
(quar.)
(quar.)
4 ft 5-10
6-10
,
.
_
-
—
"
4^.14
>
.
.
—
v
■1
—
—,
■
,
'
,
—
—
.
—-
—
■
'
31.3V'
—
SH
——
•
'
.
.
.
*
.
.
r
.
.
-
.
.
•
-_...
,
-
—
..
*
.
-
_____—
-
-
-
«
—
—
■'
,
•
*
,
.
-
•
•
-
.
—
„
'
,
•
—
-
,
.
,
.
■
-
--_->/$1.37%
Belrae
7ft.'
■■
(George W.)
Co.. common—
Corp. (quar.)
(quar.)
Hercules Powder- Co.±——
Hibbard Spencer Bartlett $c Co.
5ft
25c
.preterxedb
Monthly
Hickok
,
L
_
Oil Corp/
'
*
(quar.)___
& Co., $1 class £
_
J.)
Hosbins
Manufacturing
Hoimaille-Hershey
Household
3V*%
$2.25
Finance
Houston Natural
Howe
Sound
Howel
aft
Corp.,
(quar.)
preferred
4
4 4-15
3-29
-
5ft
preferred
5ft
(quar.
preferred
•
-
Cement
Illinois
1
40c
4-
4-1-
4-- 2
4-.1
3-18
4
:
*
1|.4:
7
com.
A
($100
of
par) -(quar.)
preferred (s-a)
International Ocean
Telegraph
convertible
International
International
(quar.)
Co.
of
3-29
5-
83Ac
5-
}40c
.'4
4 3-15
47
1
1
3-30
; :•>
4-
Co.___:
4
-
4-
1
tMft-r;
4
2-28
•
1
4-
$1.50
4-
1
3- 9
f
.
,3-15
3-30
3-
3-30
3-11
4-1
3-15*
50c
;
.
(quar.)
Investment Foundation, Ltd.—
6ft
convertible pref. (quar.)
Iowa Electric Co., 7ft
pfd. A (accum.)——i.
GVt ft preferred B (accum.)
45c
4-
35c
1
4-
$1^75
;
America
Taylor,
Iowa
1
4-15;
25c
4-
1
3-15
3-15
.
3-25
3-12
Power &
$75c
6ft
(initial
Iowa Public Service—
$8
1st
$6.50
$7
preferred
1st
Irving
(increased
preferred
preferred
Air
Chute
Irving Trust
Co.
(P.)
Gas
quar.).—;
$1.50
Macy
3-15-
(R.
Madison
Car
Mahon
<R.
4-
1
3-16
1
3-20
4-
1
3-20
*$ 1.62V4
4-
1
3-20
$1.75
4-
1
3-20
(Increased?—_25c
4-
1
3-lfr
4-
1
3-11
Y.)
—
.—_-
—
(quar.)—.—.r
J5c
•
Maine
_
4-
(quar.)
(N.
Magor
"4
':'
3-19
4--5:.
.3-21'
W>°
4- l;1?
$2.50
4-i5'.'-.;:
3-21
f
Corp.,-com.
4-
1
-
,
$1.25^^4* m
3-15
$1.50 7
4-
1
$1
—
4-
6 '
25c
(quar.)__)
(quar.)-i.
4-;
3-20
3-21
3-20
i
4-
3-20
$30c
4-1. 1
:
3-20
4-' 1
3-20
:
3-20
^
—
"-"500
-
4-15 ?
3-25
4*
3-15
3-27
3-
4r 1
4-1
3-16
6
2-22
>'.3
4-
4-15.7•
1
t
5
'3-22
3-
,
Monsanto Chemical Co,--*; v-v;;
.
$4.50 preferred A (s-a)__—
'/:V &4.50 preferred B^«*a)L—--^—T:-—
■■V-'7$41 preferred C f8-0.)—-————-—'
3-21
4-
4
7' $2.25''
'-
6- I,
6< 1
•5-10
6-1
.
$2^/';
5-10
5-10
Montana-Dakota Utilities^ common——
* - 15c
(. 4- 1
r
5% -preferred
4- 1
(quar.)-.—w-—Ll——$1.25, >
3-12
Montgomery Ward & Co., Inc.,' com; (quar.) <
4-15 '
^ SOc
3-13
1
' -$7' Class- A?(quar.) 1
I.2.—
J
$1.75' '• •4- 1 Montreal Telegraph Co/ (quar*-- $48c
4-15
4-25
y Mocre
Corp., Ltd.; common (quar;)—— 1 $55%e
4- i
.7-26 W
•
7ft jweferied • A
(buar.J
H 4- a
10-28
a 7ft
preferred" B
fquar.jf———" $1.75'
4- 1
^
Moore Drop: P'orging Co.. common^*;w--4
15c
4- 1
3-30.
43Aft
conv.
preferred
(quar.)
*te X
$0.59375
3-30 I
Mo0i€H CWm./R.) Dry Go0ds Co/4- 1
(quar.)---$1.50
1
,
5-1
8-1
3-15
3-15
■
3-18
3-18
11-1
50c
4-10
25c
4-10
4-10
3-30
4-12
Moore-McCormack Lines,
3-20*
$2.50
convertible
10c
4-12
3-20*
Morris- Plan
3-31
3-13
Morrison
25c
3J31
37 %C
4-
3-15
1
/
:
$1
3-30
'Si
$2
::-'. $l''
'.
?
$2.
430c "
3-20
4-
3-22.
1
*
Mueller- Brass
-
•
4-20f
4-30
Mi 1
-
6-21/
4-
10c,
/
i.
4-. X
37 %c
3-16
•
3-16
3-29.
;
r
3-15
V 3-11
3-30
3-11
3-30
3-11:
-'
(increased).:
3-29
-
; 3-11-:.
4- I
4-17
"4-;.l.
3-15
; 4-1
12 %c
3-29
4-
3-15
t
;
'
3-11
"
'
J— y—
:. $1.75
37%a?V
3-25
:
25c
v
37 %C
•-
3-25
$1.25 /
-'
$1.07
4-15
'
•
4-
;
$1.62%
$1.25
2
4-
/
3*15
3.-29
'
:
;'3-15"'"'''
-fC-y
/
;
>
$1.75
'
1
-
1
$1.75
"*)"£
3*15
6-1
5-15
1
W 8-15
9-
$1.75
—
Murphy
(G. C.) Co., 4%% preferred (quar.)
3-22
$1.183/4 ">l .A* 2'
Murphy Paint Co., Ltd., com. (quar.)
$20C/
4r. 1:
3-1I V
5%%
preferred
(quax*.).
4- 1
3-11
$$1.37% - :
Murray Corp of America, 4% pfd. (quar.)_ U
60O ' ;'.4-:l- ;-'Lff-18"'.7-"'
Murray :Ohio'Manufacturing Co. (quar.)—i- "
30C :
4- 1 1
3-20"
.
,
—--u
20c, •'
■>■...
3-80?; |
7;
Nanalmp-Duncan Utilities, Ltd., com. (s-a)Nasb-Kelvinalor, Corp. (quar.)
Nathan Strauss-Duparquefc— /
'■'■ .yv- • H-/
6% / convertible preferred (quar.)———
125c
•
/
4-10
i
r
"3-
1'
;
3-
■'
v
4
t
8
4-
preferred Iquar.)/—
Quarterly ;—/.
(quar.).
i"
3-31
1',
4-
.
-
,
■
3-15
':
,
'
;;4-15#
4-1 i
3*
8*
i;K:
'•'-'4-15"/
.3-29
'
!
5-15:,? ^4-30
•1 3-15
3-30
2c
—.
—
;/
4 '
\ X
.
20"
—
—
3-
;-'-
4-17
—~?$1.75'.,
National Electrlo Welding
,
3,-29
4-
National Breweries,.Ltd., common (quar.)..-'
$50c
preferred (quar.——:—l— ?• ■>',% 44c >'
National Cash Register Co. (quar.)— —-tH
25c
National Casket Co., Inc./ common—$1
$7;
3-21
3-15
-
3-15
U* It"'::'
v
ZMft
3-20
3-31
,
3-28 7
750:,
12%c
3-13
4-15,
(quar.)- 7,f 37 %c y
-
;
3-30
1
3-30
75c-
3-18
3-30
>, 3-30 '
1
3-25
$i2%c
':?•
:,
4-25 -
3i%c* v.; 4-15
—2
?! 3-23
3-29
7
i—
37%c
^ Nation Wide Securities. Co.,- Inc._-.---/--L--25c
National Biscuit Co.,- common, (quar.)
30c
3.-18
*
Electric Co. (Ky.», com.—($100 par)
(quar.)—:
i.-
4-i
$1.25
"
(quar.)_s
Mullins Manufacturing-:t,
$7 preferred- (quar.)——
$7' preferred ;'<quar.)" -/t—
$T preferred (quar,)
-
_
3-15
-
t Myers
'
4
3-22
(qifkr,)-
Co.
Muskegon Piston Ring Cjo.—
Mutual System, Inc., 6ft preferred
CF. E. ) & Bro. Co.—
3-16
5r 1
C
44; 25c
4 $1-75
(Del.)—:-4'
3-21
3-30-
"
;
'
$2
$2
4—l-*
Inc.—
1
$1.25
(quar.')LhLvws.(irreg.)
Haven
Consolidated,
3-15
'4*1
.3-25
•
621/2C
(interim.),^
New
8
8-
250'
62 %c
-
——
3-30
$$1
$$1.75
(interim)—
preferred
of
3-
3-
3-15
•
-
■
Bank
Cafeterias
'
:
common
7ftH preferred (quar.)—•
I Motor Finance Corp,/ $5 preferred
3-16
■
•
3-15
3-8
.
r ;
*
——
i
$2.25
'
3-21
3-27!
$1.25 7;
4 25c
&
Co.
(quar.)
Electric,
Corp.——
C.)
Central
Mansfield
——
&
Coal
Tire
7
50C
Co., $2
RR,
—
6Vzft
-
Rubber—
"i
3-30
4-
0
>:
3-20
3-20
t
'3-20*;
"3-12
National Fire
'3-31
4-
1
■
5-
i7-,'
4-20
8-
If-"
»
-4
7-22
(quar.)
Mapes Consolidated Manufacturing Co.—
3-23 "
4-
1
1
$5 pfd.
(quar.)
$1.50
6ft
3-20
60c
.
1
3-
1
4-
S
4-
1
3-20
$1.25
4-
1
.T 3-15
Co.-
Box
■
'
'
50c
(quar.)_
—.—.—iL;'7:';]
"4-
l
"
50c
"4-
1
■3-20
:
Linen
Oil
Service
Products
Corp.,
Co.
5%-preferred (s-a)
4
Pressure Cooker
National
,
-4*
com.
National Rubber
ir
3-15
3-
1?'.
3-
1
3*
8
,_$1.5Q
5-1
4-15
(quar.)/25c
SOc
1
3-15
-3-29
/ 3-20
4-
12%c
(increased)——•*;;
>"
4-
_
>
■*
—$1.25
Co.--/——r_—2«c •
,
1
8-25'
77
3-30 :
Lead Co.,.-common (quar.)—
Class B preferred (quar.)—
National
7
5-
'3-30
50c
Co^ Ltd., common—
$15c
preference
(quar.)—$37%c
National Paper & Type Co.—
3-11
1
$1.25
>
4*
4-
$50c
—
Folding
'-I National
3-23
4-
(Hartford)
; -10--22
77
;
WH
—-—
Grocers
National
.
60c
Increased
quarterly
Maple Leaf Milling, Ltd. (initial)——
Marathon Corp., 5ft
preferred (quar.)
30c
Insurance
10-30
2c
*
-
W—
National
3-15
4-15
$1.50
i."
National
3-29
$7.50
Quarterly
_.L
National Enameling & Stamping Co.-*
:Reduced
5- 1
50c
6ft
preferred (quar.)
Manufacturers Trust Co.
Marion Reserve Power Co.,
'
1
20c
(quar.)_
Co.
(increased)———RR., 6ft- prior pfd. (quar.)-^
&
./■'
$5c
$1,567--.
•
class A pfd.
4-
-.40c
.
preferred
4-1
50c
:
.
R.)
H.)
Gas
Mahoning
15c
/
4-15
.'4* 1;'
•
Service (s-a)^.L—
Containers, Ltd., common
12%c
Inc., common.:,.
preferred———:
Export Co., Ltd.——
iH.
1
$1.50
—
■
-
Publications,
partic.
1
-
3*29
;
-
4-
82Vic
5c
15o
35c
4-20
'
—
./MacFadden
4-
•
quar.)
tquar.)
(quar.)_„
Co.
•
"'i
3-15
.
5- X
30C
;
ft, ft-
par)
(quar.)——4
4%'ft preferred (initial):(Walter M.) Co, * (quar.)
——
$1.50
preferred-,.^
8
3-16
Ecfijipment' Goft~>
~
% t lr \
•
ft-preferred' (qu'ar.1.) -—_5._x.-ii.-ii.----—62 MrC - - - 411;
Monroe Uhemical Co.r $J.50
pfd, (quar,)——
87%0 ; 4- 1
v
-
3-15
4-1,
50c
Co.
3-
4-
-
(quar.)——
com.
4-
.
3-15
4-1
30o:
—-
..Lunkenheimer Co., 6ftft
preferred—:
Lynn Gas & Electric Co.
(quar.)_
4 Lyon Lumber Co.—
3-15
3-31'
&
$5. preferred
Lowney
3-15
3-31
■
Co.,
Gas & Electric
$1.75
Light Co.,
preferred
3.30ft
preferred
Common
4-15
433/4C
Corp.
common
Service
Mohawk? Liqueur?
Mohawk Rubber- Co.L—J
,
-
4-4
•4-1
30c
-
preferred .(quar.)
Macmillan
-405/aC
7 ft
4-15
.
Common A (quar.)—
Common
B (quar.)-4.
.
■
1
1
60c
-.
——
com,
8
$2
!
3-
600-
•
-
3- »
4-
-Monroe Auto-
4-
$1.75
5ft
preferred ($25
Lowenstein (M,).
8
—$1.25
Cement
2nd
Louisville
ft,
50c
;
&
8ft
*! Louisville
.
4-15
12 %c
^7—
(quar.)
3-20
4-
50c
;
(Fort
,4 ;■ 7ft preferred (quar.)
'44Los Angeles Transit Lines
1
i
—
Lord
•
j
;
- v
(resumed)
International Silver. 7ft pfd..
(quar.)..
Interstate Department
Stores, Inc. (quar,):;
Investment
'
:■
Co—
Shoe
3-14
11-15
4-
Aircraft
4sLone Star
3-14
$1,
^
.
.
(quar.)
common
preferred
Salt
1
1
50c
International Paper Co.,
5*50
4-
4-
'
;
4ft
3-16
f
;;
$1.75
——4;
;-
)
3-19
4-15
Chain C6.
.'4-
60c
3-15
3*15
500
—
:
-4--—
^
,
;
,-V.
•/:
Mojud-vHosiery Co.,- 5ft' pfd, (quar.)-,----62%c'
3-13
'Molson's Brewery, Ltd. (quar.)—'$25c
'
3-21
Molybdenum'Corp. of America (quar.)——
12y2c
4- 5 :
Monarch Knitting Co., Ltd., 7%
pref. (quar.)
$$1.75
7-5.V "M 6%>preference(qdar;)LL--w————;$$1.25
10*5:
Monongahela^ Valley Water "Co.— 3-11
7'ft -preferred*-'(quar.)-————
.t—$1.?^
ft'Ac't:
150
-"
.
Steel
Corp.:
Loew's,
Inc.
(quar.)
Loew's (Marcus)
Theatres,
7ft ' preferred
(quar.)
3-21
i,;
1
.
Lorillard
Canada, Ltd—
(quar.)—
Quarterly <
International-Ocean Securities—
65c
1
»
4-
8ft
Extra
Lockheed
r.
-
par)
47
3-15
$40c,,.„
y.
(quar.)
($5
,
:
1
1
•
v
% y.pvetitii&: ( qUar;) liLiiL.—$$ 1.37 %'
■5 %
3-15
4-1
4* i;
25c
conv.
Locke
;
d-15
*
Y '
■
,-v
:3-15
Gas
Modern
3-22
5-15
31 Vic
—
(monthly,
preferred
(quar.),.
4-
'-4"
;:^:^4.90%-vpreferred«'tl[uar.)-^L^L.i.--^-L-i.' '$$.22%
4-23;
8-15
15C
Common
3-20
4-15
:
Light) Co^-*"
preferred (quar.)-L_U-*—'
Mississippi Power. $8 preferred (quar.)
'
4-15
.75C:.
—
>•
$$1.12Vi
;>
3-8
4-1
;
3-20
3-25
2
6-1
'
25C
preferred (quar.)__.
Lipton (Thomas J.), Inc., 6ft pfd.
(quar.)_
Lock Joint Pipe Co., common
(monthly)
;
8ft
preferred (quar.) —i—
.—1—44;
3-15
*
$20c
4437V^cC/>
(quar.)—
Industries, Ltd.,
r
$1
2-28
3-30
-.:
Sc
:
3-20
4*1
25c
■■
3-20
3-3l'
(quar.)
$1.50
$1.50
5ft
.
"Mobile
4-15
250
—
Insurance
3-29
7
:
.—4—
4.4.-4—4 Lipe-Rollway; Corp., class A (quar.)
v
,
20c-
.7
3-15
3-25
..
Lion' Oil Co.1
Extra
3-15
•>.
$37y2C..
Machine ?::
1
3-30
35c
.
4xkft - preferred
(quar.)—:
International Minerals & Chemical—
•
4-
3-80
$75C;
—
preferred
3- 1
23Ac(
International Cellucotton Products
Co.—
preferred
3-12
20c
i
Group shares. class Ai.
City Baking, Ltd. (quar.)—.
Interlake Steamship. Co—__
7ft
4-1
4 3-31
25c
,
Bank
Life
3-"4-:
•3*25
>3-13*:
^""4- X- '■r 3-15
25c
$1.50
(
Minnesota7 Power Se
^Missouri Gaa & Electric
1
4-
50C
62 %c
*
J
$L12Vi
Inter
National
'
■'
-
—
"
-
,
pfd._
Quarterly
Quarterly
Quarterly
-,4--—4
Lincoln Telephone &
Telegraph Co. (Del.)~
Class A (quar.)
r—
Class ,B
(quar.)——
5ft
preferred (quar.)
_4—----
3-14
4-15
1
4-
J50C
-
3- 7
,3-29-
$I.31Vi
:
3-11
4445c 4
preferred
i—-44-;'
Liggett & Myers Tobacco, 7ft "pfd, (quar.)
Lima Locomotive Works, Inc. (quar.)____
4
4^1
3-20
•
'
4'
3-16
-
$1.75 -^'4-1'
preferred Series
Convertible Class A
(quar;)---—-w—
;.•! Miller-Wohl Coft common (increased)
s '5ft conv.
preferred <quar.)
X Minneapolis, St. Paul St Sault St. Marie— v
V
"Inftlal-^WL-L^—Lf— i:—
3-30
$25c
50c
1
30c
preferred A (quar.)—_w—i.—.
Investors, Inc. (irreg.)—
Inspiration Consolidated Copper
(quar.)
Institutional Securities—
'
Sewing
3-
50c
$4.50
—
.l4
4*
-
preferred
International Bronze
Powders, Ltd.-^r
Common (quar.)
5ft participating preferred
(quar.)—
International Button-Hole
:
Lincoln
(quar.)—
•
$$.25
Corp., Ltd.— >
'
(quar.)
ivV $$1.25
Industrial Rayon Corp., common
(quar.)—.
50c
7ft
2-12
v
I.—4 $1.03Vi
Inland
4*
31%C4
-
•/
97 %c
•
62 %c
-
;3-25y
3-29
$1.75
.
4-15
;
preferred (qpar.)
Liberty Loan Corp., class A—
Class B
2-12
.4
$25c
$1.25
3-28
3-12
5-. 1
.
5ft preferred Series' A
Industrial Acceptance
International; Nickel Co.
ft
y
(quar.)
Quarterly:
<
3-30
3-12
10c
6ft
mm
'-
7
8 ft' > preferred
(quar.)
Midvalft'Co.
(quar.)—
Hi Miller Manufacturing. Co., common-1———
:" V.
20c.
iv. Vhc
(quar.)
44
1
::
3-15
———
Liberty \Aircraft Products*2-12
,
4-30
;
Share--—^:—$0,063? $
International Harvester Co.
International Metal
:.',3-J5,
4-
,4-1
.
$1.50
$2.50 preferred (quar.)—
Lerner Stores Corp.;
i
p 3-30
3%
—
preferred
I
3-30
3-15
$1.75
University
& Sons (quar.)
Langendorf United Bakeries, Inc.,
■Death & Co.,' common (increased
3-30
3-15
3-25
1
Lang (John A.)
3-19
1
"
»
——' 20c
Independent Pneumatic- Tool
Indianapolis Power & Light (quar.)
5lAft preferred
(quan)__i—41-41;
Indianapolis Water Co.—
4ft
3-30
115c
Trust
convertible
3-16
4-
75c
Indiana. & Michigan. Electric^ Co.—
5ft
3-15
;. U0o
•"
'preferred
;
j
-4
"
-
12-20
3-25
4
-
3-25
■
"
4-
■
3-30
-
$$3.75
;
9-20
12-30
$1.50
(quar.).
6-19
4-1
.
3* 8»
>
Lake St. John Power &
Paper——
Lamaque Gold Mines'" (Interim)_„
Lambert, Co..A increased quar.)——-4.-4
Lamson & Sessions
Co., $2.50 pfd. (quar.)Landis Machine Co.,; common———^_4
Common
4---4
^Common-.
•.
3-20
9-30
.;;
256
.
(final)
In^endence
3-30
6-29
$1.25
.
Co.
Incorporated Investors .-J
11
Independence. Shares- Corp.—
*"
.
3-15
:
44
$1.25
Imperial Tobacco Co. of Cana4a» bHi-—
Common (interim) <
Preference
3-19
12- 2
MX,
13-21
1
$1.50
(John), Ltd..(quar.)4.—7
Gas Light Co.
(irreg.)——4.——;
Laclede
3-30
2-28
.
$1
——,4*4..
Extension
Extra
Labatt
3-19
l
•
$1.25
(quar.)_—_—4
Imperial Life Assurance (Canada)
Imperial Paper. & Colors Corp,
,Common
•
La Salle
5-17
3-30
$$i ;
$1.25
I—————..
(quar.)—.—,
:Telephone_______^.w___.
Bell
:
1
3-30
4-
Plant-Choate Manufacturing
Co., Inc.—
""
,»
(quar.
Hyde Park Breweries (irreg.)—_.
Ideal
6-
20c
$1.50
•
■.
preferred
44
$1.50
common—-
3-15
9-20
12-23
:
4
—„
-:
;3-25
pfd. (quar.)
1940 (quar.)__
'
preferred: (quar.) i„_».
Li.--. "
"Mickelberry's Food Products-^'
$2.40 preferred (quar;)—.—L—-------/
Midland. Steed Products,, common
(quar.)-^.
V-<$2 dividend shares (quar.)
---.—
6%
;:/
3-29 B
$6 'prior
6-20
10-1
5c
w
preferred——
Quarterly
3-25
3-30
10c
(quar.)
La
3-22
'
4-10
1st
—,
3-15
4
3-30
convertible
r
■
3-15
*
3-29
30c"
'
3-20
3-20 ■;
••4* I"'
4- I.-7
(quar.)_.
preferred
/
3-20
$1.3l»/4
(quar.)——
Miami-Copper Co. (s-a)—«...
Michigan Public Serv. Co., 6ft
3-18
50o
-
-
$1.183/4
—
1
>1* I-
;<40c ;
———
Kroger Grocery & Baking Co.—
v
6% 1st preferred - (guar.)—:
I
7ft 2nd preferred (quar.)
La Crosse Telephone
Corp.; 6ft pfd, (quar.)
3-30*
common...'.—
Sc Erie.
Mortgage. Corp. • (quar.)T-^»Huttig Sash & Door Co.—
; 5ft preferred
(quar.).——....
oft
$4
3-20
3-30*
Huron
s
3-11
1
Iquar,)
Stores--*
;
-
44 1
4-
•
67%C
"<
—
Kresge Department
3-12
3-29
-
-
3-30
'
$1.12Va
—
(quar.)-:i
Metropolitan Edison, 3.90% pfd. (quar.)
Meyer Blanke Co., 7ft preferred (quar.)
3-15
3-30
.
4
■62 %C
preferred
Co.
■
25c
——
(quar.)
Machine
7%
,
.
10c
■
t
(quar.).
preferred
Metal A; Thermit Corp.*-* '
'
3-12
25C
Koppers Co., Inc., common
4% ft preferred (quar.).
.
4-15
>4
preferred
4-
Co.-(quar.)7Vic
Humphreys Manufacturing- Cq,,
6ft
3-21
>4:3-26
4
4-1
62%C
444 5c
—
Mesta
>
3-12
4-1
25c
(quar.)
ft ft
5ftft
3-13
fMtft
"'
Quarterly i.—1.
St Co., Inc., common
4
3- 9
4-1;
25c
_4„———————
"
■
4
4-15
3-26
25c
.
/
■
*;
*
-
i—50c
Merck
3-1
$20
—
—
i
1
.4* I
37%c
,
(D.
Quarterly,
Quarterly
Quarterly-
t
-
T .
50p
62Vic
(increased)
(quar,)—-——.
Fibre
a
93%c
common
Motors
3-22
::
25c
•
(s-a)
Co., $2.70 pfd.
preferred (quar.)
4
Knudsen Creamery Co...
(quar.)
Extra-' 4:
:
3-2
4-1:
56 Vic
Mining
3-
4; 3-30
25c
$2^59
3-20
.5- 1
/
Gold
Co., $1.50 preferred (quar.)
Emil) Co. ,(quar.)__
Klein
.
Lake
1
3-30
25q
4—444-44444^4
Knapp-Monarcb
3-3o4
35c
Co
Ellectric
Hummel-Ross
'
_
(quar.)
Gas.,
preferred:
'J,
(quar.)
-
common——
Kirsch
:
3-27
3-28
4-* 1,
25c
$1.75
•
(qpar.) L--""-'^
preferred
Corp.,
preferred
-
Co._
Kirkland
":
25c
$1.12'/2
3-15
25c
,
Initial
.
"-Extri"
—1—w——.
Merchants & Miners Traftsportatlon» Co.—
"
3-15
4-
Merchants Bank- of New York. (N» Y.)
**,
.
»;
4- 1
$1-12%
^
'
$1,06V*
Hoover Ball & Bearing Co.
(resumed) -——,.
Hoover Co.,
4*/gft- preferred(quar.)_——Horder'Sj Ine
(quar.)-_——-r,
—^
Horn & Hardart Baking (H,
■ ■
37 %c
—„
—4»-
—~
11-21
3-3Q
3-22
-
,
V '
———
■.
>
—
(quar.)——
^
„
8-21
1
3-15
3-11
4- 1
(Walter) .Si -Co.—
25C
^--—4.:';
Kimberly-Clark Corp., common (quar.)—.
37%c
■ -Extra
—;
12 %C
•
4V* ft preferred (quar.)
4--$1.12%
King-Seeley Corp., 5ft conv. pfd. (quar.)—
25C
'
5-21
'j?-
f
(quar.):
4
6* 1
.
4---:
,
Kidde
'3T 9 \
3-9
9- 1
v
Special
Kerite Co.
:,
3-16
i 3-
4-1
_
v
preferred
3-23 \
4* I
-
'
(quar.)
1
3*30
itoc
$1.75
;;:-
(quar.)
3-15
4 4- 1
licit (Henry)
(quar.)——;v
25c
$1 class A (quar.)—-,—-;
25c
$1. class A' (quar.)
;—-——l——25c
Home
Telephone it Telegraph:. Co.
(Fort
Wayne)
(quar.)
—$1
Hooker Electrochemical Co.—
$4.25
*4-16
',3-30
$1.75
,
V
>
-
4-
$1.12%
.
3-14
4-1
•
.
iquar.)___
4
$1.50 conv, class A, (quar.)
Kendall Co., 4ftft
preferred
Kennecott Copper Corp.
3-23
.4- 14:
-
(quar.)——i
,50c
Hollinger Consolidated Gold-Mines—.;----,
1 $J.0c
Holme (George W.) Co., common
(quar.) _L V ''
$1
preferred
4Kaynee
Kelsey-Hayes Wheel—
3-19
•-*
Quarterly.y'$25c:
7 ft
1
4-26
31^*0
Company 4
Co., 7ft I preferred
•
3-25
,
"
15c-
5ft
9
'3-20
3-29
>
15c
Holland- Furnace Co.
5%
3-
Kawneer
9
,
4-
50c
„
(monthly) -L"'- •/*
preferred (quar.)_—
Hinde & Dauch Paper Co. of
Canada, Ltd.—
■
3-
i
4-
v
31 Vic
.
preferred
3-20
?
4-1
preferred^-fquar.)—,14:
Motors
Hercules
■
3-30 ;
$1
;
8-15
4- "I:-:-'
7-31
3-15
'
Machinery
(quar.)—
National Shirt Shops of Delaware,
25o
—j--',
^
$6 preferred ——.—$1.50
3-25
4-
1
/ 3-
6
Per,
Standard
National Steel Car
National
«
(quar.)—:———50c
Corp., Ltd. (increased)—
$37%c
—
35c
(accum.)—$1
——$1.12/2
Terminals
National,
1Nehi
Corporation
Neisner
(quar.)
Co.
&
New
New
'New
New
New
$1.50
3-30
a/a
Common
3-12
3-30
3-5
(quar.)
4-
1
3-11
4-
1
3-15
G
3-22
3-22
$1.18%
preferred
(quar.)
—New York City Omnibus Corp.—
New York Honduras & Rosario Mining Co.-*—
8
3-
1
4-
35c
4%%
8
3-
1
4-
45c
quarterly
—
25c
Idea, Inc. (quar.)————————
,$1
Jersey-Power & Light. 4% pfd. (quar.)
$1.75
Jersey Water Co., 7%
pfd. (quar.) —
/; $1.75
London Northern RR. Co. (quar.)
Orleans Public Service, "Inc.— -'i; ;?yy:y|
Newark
(quar.)"
(N. Y.)
Co.
Trust
Nicholson
Class
Co.
File
(quar.)__
Hundred
Nineteen
A
$1
American Co.—
North
Quarterly,
trie
y 2-28
3-30
4-
1
common
/
—1
1
3-30
50C
4-
:
5%
ccnv.
Match
Ohio
Ohio
1
3-16
-
1
1
3-15
.4-
1
3-15
7-; 1
6-15
•
25c
;
*>/
1
3-21
;
2-26
4-
3-11
4-
3-15
4-
3-20
4-15
2-28
1
3-20
4-
Gas
Pacific Greyhound Lines,
1
f* Pacific
LlghlJng Corp"
•
Public
Pacific
6%
preferred
3-20
;
3- 9
$-20
3-
4- T
8
3- "8
3-29
'
3-20
4*» i.
3-18
3-
9
3-15
1
3-15
?
J
3-15
4%
preferred
(quar.)—
5%
preferred (quar.)
•>
':> ••
:
■
.: Interim.
1
—————
4-15
4-
1
preferred (quar.),^
Peoples Drug Stores,
Peoples Gas Light &
—
Inc.———T_n—~
Coke Co.———-—
3-20
4-
1
3-20
4-
1
3-15
4-
1
3-15
4-15
3-30
y
$1.25
:
Perfect
(The)
(quar.)——
preferred (quar.),
$2.50
;;
10c
:■•
5-31
5-25
6-15
/
6-
&
Savannah
4-
1
3-15
Schumaker
1
3-15
Scott
4-15
;
preferred
—
2nd
—
Co.,
40c
4-
3-15
5
1
3-15
50c
'
3-28
y 3-11
$1
;
4-15
4-1
3-29
3-
si
•
4-
50c
3-20
4-15
Ry.,
3-22
4-
1
3- 6
4-
1
3- 0
4-
6
3-
50c
-
4-
1
-3-41
3-30
3-20
4-
1
3-16
25c
4-
1
3-16
5Jo pfd. (quar.)
Co., 6% pfd..,.
(initial)_...
$1.25
$3.18V3
25c
V
10c
4-
1
3-13
common
(Irregular)
preferred
4-12
3-
lv'"
4-
1
3-30
iy
5-
Pi Sharon
3-12
"
:
1
3-
Shasta
5
;i
i
y 4-1
'
4-
3-15
4-1:
3-15
5-10
$1.25
3-29
4-
50c
1
*
Iiy
3-29
SUverwood
Silverwood
2-28
3-15
4-1'
y;
$1.25
y
3-29
y<;. 3-22
1
3-15
/4-" 1
Wi^-8
25c
'
30c
4-
$1.25
'
75c
'
:■/■'
■
4-10
Ml? 3-12
5-3 i
iy1, $-a
8
yjv 6%
.
(quar.)—(quar.) r_...—
,
,
3
25C
4-1
25c
U
3-29
Pi
5-
1
(quar.)...
.
Reo
t.
Motors,
(quar.)
$1.12%
*
•
37.%c
,
Republic Drill & Tool Co.—
55c conv. preferred (irreg.)
V
,
3-
preferred Class fi (quar.),..,—
Republic Pictures, $1 preferred (quar.),
Republic Steel Corp.,. common
\ y
6% prior preferred A (quar.—_
rf: Revere Copper & Brass, Inc.—
PPx:. 5y4% preferred (quar.)
—_——...
Reymer & Brothers, Inc.,.,
4-
4-
4-10
Rhode
V
3-30
4-
1
3-16
$1.25
4-
1
3-11
70c
4-
1
3-11
$1.25
'
4-
/
y
•
'"
-'
1
3-15
1
10c
3-29
4-
1
3-15
$1.25
4-
1
3-15 /
20c
4-
1
3-15
$132%
4-
1
3-15
'
$1
12VaC
"/ 4-13
4-
i
preferred
Metal
Rltter
Co.,
3-23
52c
4-
1
3-15
$1
4-
1
3-15
$1.25
4-
1
3-15
4-
1
3-
40c
4-15
3-22
1
3-11
1
3-
$2.50
•>-"2
4-
8
4-
3-30
3-22
3-30
2-28
4-
1
3-11
(P. L.)
Rochester
Rochester
;
41/2%
Rockwocd & Co.,
5%
prior
Rome/Cable
Roos
■i+fl
jdrM !0>
4-28
4-
1
4-
1
Corp.
$1.06V4
4-
1
3-11
Ross Gear & Tool
$1.06%
4-
1
3-11
Ruberoid
Co.
4-15
3-23
,
a"J3H23A
1
—
4-
1
1
3-15
1
3-15
62%c
4-
4-1
(quar.)..—
(quar.),..—
Water Co,— i
,
Co.
'
.....
:
/
/
1
3-14
6-
1
5-15
Investment
4-
1
3-20
4-15
3-13
4-
5
20c
4-
1
3-15
$1.12%
4-
1
3-15
$1.25
4-
1
3-20
4-
1
3-20
15c
3-29
3-13
50c
3-30
3-
30c
4-
25c
3-25
—*
———
.:
(quar,)
Co..—,;—
—
3-14
Trust, t Lexington,
1st preferred
$5
4-
$1,25
(accum.)
Co,^ Inc,;-*
;
(quar.);25c
Atlantic Telegraph Co., Ltd. (s-a) V;:. 62 V3C
Advance Bag & Paper
,i;.,:y 3-20
,
3-30
2-14
4-1
3-16
:yy/
'
4-15
3-20
4-15
; 3-20
3-25
3-1P
206
$1.75
...
37%c
34%c
$20c
$$1.50
25c
y:
(N. C.)—
•> t
3-30
3-16
4-10
3-16
Natural Gas
y
.preferred A
!;>
40c
3- 1-46
2-15
4-15
3-30
1
3-20
y
,
„
■
(accum.)$1.50
(quar.)
4-
3-25
$1
y $1.25
4«
5-15
9-16
8-15
4- 1
3-15
4- 1
.
$2
50c
* "
3-
6-15
$1.25
—
stock, trust ctfs. (s-a)
Pennsylvania Pipe Lines
3-iii
,
y
>
$1.50
4- 1
3-15
$1.25
(quar.)
preferred
3-20
$1.50
'/
Ohio
&
West
4-15
' '
'
Pacific Co.
preferred
4-19
'
,
—"'"
Telephone Co. (quar.)
Co.—
5-15
%
(irreg.)
-$"$P tbarticip'ating' ifreferred; ,;(quar: j
4- 1
3-15
/
y •1 75c
' $1.75
4-15
4-1T
t, 4- 1
4- 1
3-22
3-30
3-18
3-15
6%%
..
Fuel
Standard
Co.,
preferred
Standard
Oil
Co.
3% % .^preferred
1
9
Street
.
Stedman
Ltd.3-15
,
<1 ft 4-15
3-30
A-
,
/
xtiijoi/".a o,'
(quar;VJi*s_i;-Aiii:iJiitJlf.
Investment
Bros.,
Extra
Stecher-Traung
5%
5%
5%
5%
-
preferred
preferred
preferred
preferred
3-20
3-
9
Steel
Products
.Jilt;.;
(accum.)__,i-__-,,_,_iT 0t,;,$$3 un4- 1
(Ohio)—
Ltd.
Corp.
(quar.)
31V4C
••
4-1
3-
1
common
...——
Engineering-Co.'(quar.),..'.
3-30
,2-^2
5-15
4-24
50c
3-29
3-19
15c
4-15
3-30
4-1
3-20
4-1
3-20
12V'2C
3-30
3-15
$1.25
—
—i.—'—
50c
31 %c
$50c
(Boston),..
Lithograph Corp.,
(quar.)
(quar.)..*—
(quar.)
(quar.)—
'■
$25c
-Woncs, tummoil iqUar.),,*,.
5%
(quar.)
*—1_:
preferred
Starrett
(L. S.)
Co.
(quar.),.
State
3-20
.
-y pi^fefrea
$7! preferred
3-20
$62 V2C
$50c
25c
—
3-15
44-
Electric & Gas Co.—•
Stamey
2 ,Wf
$1.25
*
4-
15c
$1,25
q,'tixioila'it'iT Standard' Paving & Mfciterials/i2&td;«—
l.Dt; 3.-^.1 M
Partic* conv. preferred.',——Uitti—
75c
4-
(quar.)—..
(quar.)
(quar.)
Inc.
f
$50c
(quar.)
(quar.)—
preferred
5%
Kwnaam-
3-11
1
$1.25
preference
Brothers.
4-
XiU>
Corp.
A
$1.;*
3-
3-15
4-30
25c
—...
Telephone
.preferred
(accum.)
1
1
3-20
20c
(quar.)
(quar.)
Button Co. (quar.)*,,,
I
Sf
44-
$1.50.
,
staha^$d:!FrUit:fe'iStfaihsHip Corpi%i PW'pK'
tjq
preferred
5-
4-15
50c
$1.50
A preferred (quar.)_,__
Mfg. Co., Ltd.—
(quar.):
Common
5-15
Southwestern Gas & Elec., 5% pfd. (quar.)
Southwestern Life Insurance Co. (Dallas)—
$1.75
yy':
participating
Robertson
4
d-t*
$1
$2
3-12
13%c
:
-
Ltd.—
Mills,
4r 1
$1.75
——
Increased
Riverside Silk
3-30
" -f*r
'
$1.75
5% convertible preferred (quar.)
—
Riverside & Dan River Cotton Mills, Inc.—
y 3-ro
3-30
V
$1.75
>,
(quar...
common
'.
$1.75
Products,,,,—.**—
Inc.,
4-20
4-15
4-30
y,/;'/! Quarterly'
_—_—.„„;y//
35c
yy Spokane Ihternational Railroad COi*i-_.*iy ;/y' $2.50
Springfield Fire & Marine Iiisur. Co. (quar.) T' $1.13
/
Square D Co. -'(quar,) _y.„_—//•••/"■ 50c
Squibb3f®.b R:) ^fe-Sons-
IOC
Water Works Corp.—
p.ieke
5-15
$25c
Southwestern Associated Telephone Co.—
/
$1.75
y
(quar.^
Co.
Brothers
Richmond
6%
(quar.)
(quar.)
preferred
preferred
2nd
2nd
Richman
3-15
25c
7%
"7%
G 25c ;
,
$$1.50:
1
South
y,
■
—y /
/ 7 % 2nd preferred (quar.)
•.
3
3-30
4-
Mobile
'
90c
,
40c
3-
;
4-
5%
12%C
:.V
1
4-15
4-15
Inc.,
$6
.
4-
3%C
,
—
(quar.)
Southern Railway Co., 5% pfd. (quar.)
4-15
3-11
1
2-28
1 accum.)——
Co., common (initial).,
Southern New England
$1.31 V*
(quar7)
Reynolds (R. J.) Tobacco, 3.60% pfd.
Island Insurance Co.
(quar.).,.
/ ■ Rice-Stlx Dry Goods Co.—
, ;
:
':<■ 3-15 y
y, 7% 1st preferred (quar.)
3-11 ? ;
7% 1st preferred (quar.)
7% 1st preferred (quar.)
y
3-25
;
7% preferred (quar.)
<! Southern Greyhound Lines (increased)
4-15
4- 2
2-28
1
3-20
Common
6%
5-1
1
4-
3-15
Southern
v
..
4-
.y,/;;■/,./
;
Southern Franklin Process Co.—
1
1
3-19
$20c
Common
5
5-
2-28
3-29
$30c
(quar.).,
com;
California Edison—
•
8
3-30
;
$$1.25
pfd. B
Southern Fire Insurance Co.
8
3-
4-
3-
1
Southv/est
13 %C
1
___
&
'
Republic Investors Fund, Inc.— /.
; 6%
preferred Class A (quar.)___.
•*
y
4-
4C
original preferred (quar.)—.
5%% preferred series C (quar.).—
Southern Canada Power, com.
(quar.)
6% partic. preferred (quar.)
8
1
3-25
4-
;
$$1.75
$40c
Southern
8
3-
4-1 '•;• z 3*
;5%
•
dividend
preferred
4-10
3-29
ty-:;: ■ Common
4-19
4-/1
30C
3-15
1
Porto
Ky.)
3-19
/•
3-15
5-
40c
Southern
3-22
1
3-30
$15c
(quar.)
(quar.)i
Oil
Southeastern
3-22
y 4-1
52 %C
-
3-18
4-
y Southeastern Greyhound Lines,<• Iftc,- (quar.). !'n ( 40c
1
8-
37%c
(increased
preferred
Stock
9-
3-29
25c
preferred
8%
:
IP
7%c
5%
.
,
A
Gas
Pittsburgh
South
1
1
3-30
5c
preferred
.4 % %
1
$ 40c
,
6-
3-21
vi' 39C.
com,
Southern
$406
4-
4-
,
preferred ;. (quar.)
_!*
$1.12 Va
Rico, Sugar, com.,,;(interim)*_.'■/■ :
$1
(quar.)^_._$2
5%
South'Penn
-y
,
3-15
4-20
Dairies-
4-6%
South Carolina
/
3-16'
1
4-
3-27
Corp.
preferred
./South
3-16
3-30
1
Gy 5oc i,
preferred
5%
3-22
4-15
i'
(quar.)
& Corona Typewriters, Inc.—
Atlantic
South
"
3-22 V
$3c
preferred
Sonotone
3-12
3-20
15c
v
(quar.)
Ltd.
(quar.)
Sorg Papei' Co.,
,
..
-
:
Corp.,r.:_—
y Solar Manufacturing Corp.—
>
yy 55c conv. preferred A (quar.)
•
.
(quar.
Quarterly
3-30
3-19 /
25c
Ltd., common (accum.)
preference (s-a),;
Western
Smith (L. C.)
;
'
4-20
150"
;y $1.50 y
7 %
v.
'
3-15 ;
„
■>
25c
Ltd—
preferred
3-15
10c
(f. Smith (Howard) Paper Mills,
y'.3-28
4-15
.
1
$1.25
Simplicity Pattern Co., Inc.5%% convertible preferred .(quar.)—.
Sinclair
Oil Corp.
(quar.)
3-15
..
1
1
:
(Canada),
(quar.)
Dairies,
'
3-13
1
(initial),,,.
participating
5 % ';:
3-20
;/
4-
;
3-15
•
4-. 1
4-
(quar.)—_
common
Breweries,
3-15
;
3-25
$1.75
Williams
2-28
4-15
3-29
3-15
4-
3-29
10c
common
1
3-15
4-
4-
(quar.)
Products,
nreferred
Sick's
3-15 Z
•4-
ySick's Seattle Brewing & Malting—
,
35c
■%
/".
3-1$
$
Co
preferred
Sherwin
3-10
4-
$1.12%
(quar.)
Manufacturing
Shellmar
,
<
Water
Sheller
'h
3-
4-
Mo.)—
Dohme, Inc
Sheep Creek-Gold Mines,
3-20
4-1
•••
__
Corp.,
preferred
•
3-15
3- 1:
15c
Shawmut Association (Boston)
3-15
1
4-
4-19*
4-1
$1
Steel
$5 conv.
y-, Sharp &
1
$1.37%
Ry.
Sharon
3-15
4-10
1
1
4-
4-19*
1
63c
Louis,
(St.
"
4-15
5-
.
4-1
;•
(quar.).,,
3-20
...
5-
$1.25
Shamrock Oil & Gas Corp,.—
/
3-12
■
preferred
*
3-15
3-30
$1.12ya
(quar.)
(quar.)
Co.
■
$25c
;
preferred
conv.
'
6
6-15
6-30
17%c-
Board
$4.50
Seven-Up Bottling
Quarterly
•
:
Inc.—
Selected Industries, Inc.,' $5.50 pfd. (quar.)
y. Servel, Inc., $4.50 preferred (quar.),,
•^3-/5
4-
.
•
3-15
%4- ly
4-1
$1.75
conv.
$4.50
3-15
1
3-20
a
3-22
75c
\
•
(quar.),,.
common
Power
new
Wall
class A
$2.50
.
6%
\
3-20
4-15
"
3-30
4-
$1.50
$2c
4% %
Atlantic
Company,
Paper,
(s-a).-.
r
Electric &
Schiff
40c
.
(initial quar.)
Remington Rand, Inc., common
3-18
3-30
$1.50
$3iy4c
•
3-18
8
25c
4V*c/o
Savannah
3-11
4-
50c
quar.)
preferred
(quar.)
Reliance Electric & Engineering Co. (quar.).
5%
/
New
50c
Company
Assn.
(quar.),..
3-11
-
—
non-cum.
Common
15c
(quar.)
Perron Gold Mines, Ltd. (quar.),.——,—
Pet Milk Co., common
(quar.)———
Permutlt
Ltd.
3-11
5%
3-23
4-15
$75c
$1,25
1 62%c
$10c
.
(quar.)
3-30
41 %c
—
Fund of Boston (irreg.)
,
:
3-28
40c
$1.75
Work9. 1% pfd. (quar.)
Circle Co. (quar.)—-—
Peoria Water
Co.,
4%%
common
preferred
$1.60 non-cum. preferred
Reliable Stores Corp.—
■
$5
3-31
1
4-
$25c
(quar.),
(quar.).,
Sangamo Electric Co
yy* ioc
(quar.),—
Pennsylvania Water & Power, com. (quar.),
Works,
4-20
50c
.
3-29
■-
$lc
preferred
3-11
$40c
(quar.)
pfd.
Loan
Manufacturing
Sangamo
,
3-23
—
peaslee-Gaulbert Corp., 5V pfd. (quar.) —
Peninsular Telephone Company—
Common Xquar.)—
--------Penney (J. C.) Co., new common (Initial)—
Pennsylvania Co. for Insurances of Lives
and Granting Annuities (Phila.)
(quar.)
Pennsylvania Edison, $5 pfd. (quar.)——*,
$2.80 preferred (quar.)^——
$5
preferred
(quar.)
Pennsylvania Forge Corp. (quar.),—;—__
Pennsylvania Glass Sand Corp., com, (quar.)
5%' preferred (quar.)
—
--Pennsylvania Power & Light Co., common,,
4Va% preferred (auar.)
——Pennsylvania RR. Co..——
—
Pennsylvania Sugar Co., 5% pfd. (quar.),,
Pennsylvania Telephone Corp.—
$2>10
■
3-15
3-30
—
Inc.
———--:
■?
■
$1.60
4-
,
<quar.)_
Water
preferred
3-11
\P,
;.87%c;':. 4-1 X 3-11
(quar.)—
3-31
.,4-20
20c
80c pfd. (quar.)—
4-25 y
/•
25c
3-30
Railway Equipment & Realty Co., Ltd., com.
$1.50 yy 4-25 y 3-30
6%
1st preferred (quar.)
4- 1
93 %c
3-12
Ralston/ Purina: Co., 3% %: pfd. (quar. )—,«
3-20
Ralston Steel Car, 5%
preferred (quar.),,; ;y'$i.25ay; 3-30
Raytheon JManufactiiring■ Co.—
V;;
4- 1 'Xys-1$
606
$2.40 preferred (quar.)——
4- 1 3 3-14
50c
Rayonier, Inc., $2 preferred '(quar.)*!,—.:
50c
3-21
t4-11
Reading Co.,, 2nd pfd. (quar..
Real Silk Hosiery Mills, Inc
4-1
3-15
$1.25
5% prior preferred A (quar.).,,.
4- 1
3-15
$1.75;:
1%
preferred (quar.),,,.
43-21
20C
Reece Button-Hole Machine- Co.—3-20
25C :?■ 3-30
Reed Roller Bit Co. (quar.)**_*_l._^._.....'\
3-15
50c
(quar.) ^——
Paymaster Consolidated Mines, Ltd.—
Paramount Pictures,
4-1
:
50c
Tubes,
Paraffine Companies, Inc., common
preferred
2nd pfd.
Remedial
3-11
,
v
12V2C
■
.<■
San-Nap-Pak
■
1
3-15
50c
,
San
3-15
Railroad Employees Corp.,
50c
i
Jose
3-15
1
y/ 58%c
Quaker Oats Co., common
6% ■ preferred (quar.)
Radio Corp. of America— '
$3.50 conv. 1st preferred
9
3-
/:
3-30
,
:
Francisco
} li
5 " '
4-
$1.06
prior
70c
3-11
4-15
50c
.
$$1.37%
Paper Mills,'6%
San
,
(monthly)__—^ji—i
y Putnam (George)
3-15
3-30
,
4-
—-
Line—
■
preferred (quar.)
San Antonio Gold Mines, Ltd. (incrd. quar.)
,
:
■
37 %c
Service Co. (quar.)
Telegraph Co,, common
(quar.)*-——<—-—
panhandle Eastern Pipe
■
...
(increased quar)..
convertible
1
4-
Co...
1
4-
Shipbuilding—
&
Lawrence
1
10c
j
preferred
Publication-Corp.,
$1.12%
Ltd. (quar.)
Pan-American Petroleum & Transport Co.—
Page-Hersey
!
3-15
/
3-19
Inc.—
(quar.)
Regis Paper Co., 5%
$2.50
3-19
4-1
.
Corp.—
A
4-
50c
3-20
1
$$1.25
Pacific Telephone &
r,
class
4-
$125
3-15
$5 pfd. ^quar.)——
common (quar.)
Pacolet Manufacturing Co.,
V 5% prelerred (s-a)_.
3-15
4-15
(quar.
;
7%
preferred (quar.)—,——,—.**,.
Public Service Co. of Okla., 4% pfd. (quar.) .;
$5
3-20 '
1
4-
1
common———
Pacific Indemnity
Mills
Dock
St.
3-15
3-30
(quar.)
—
7% original preferred (quar.)
Puget Sound Power & Light Co.— / yt
v
^
$5 prior preferred
(quar.)____——
/ Puget Sound Pulp & Timber eo,—y*/,,1;;
6%
convertible preferred (quar.)
Pure Oil Co., 5% conv. pfd. (quar.)
—
4-
4-
;—
(quar.)—
Co. (quar.)—
preferred
4%
preferred
6%
$1
Co. (quar.)
& Electric (quar.)
Pacific Can
Flour
Dry
preferred
Lawrence
4%
Public Service Electric & Gas Co.—
$2
'
Pacific
Lawrence
St.
'
Colorado—
of
Co.
(monthly)
(monthly)
preferred
(monthly)
Service Corp, of N. J.—^
5%
$1.06%
—
Lumber
St.
1
3-30
41 %C
Regent Knitting Mills--
conv.
$1.50
3-19
$$1.37% y T4- 1
4-15
$1.25
quarterly
Service
Public
4-
3-30
$1.37%
Pp
1%< preferred
6%
preferred
3-20
4-1
Public
"
prior preferred——
preferred ——t
$5.50
4-15
$$1.50
Gas
Increased
3-11
4-
.V,
3-11
4-
3-30
/ Pacific American Investors, Inc.^~
'"
1
4-
25c
$1.25
$1
Manistee
Johns
3-15-
4-1
*
&
5Va%
3-30
$3c
■•'.'//.
Co., Ltd., common
preferred (quar.)
!— I
Co.—————
Public National Bank & Trust Co. (N. Y.)—
Steel
:$4.50
St.
3-30
-
Providence
4-
10c
-"-r
(quar.),:
3-21
1 P
4-
25c
(quar.)—-————--/.
Co.
Products
Prosperity Co., Inc., 5% preferred (quar.),-
'
preferred (quar.)—
dividend series (quar.)—
St.
/4-15
5-
15c
3-14
y"
P $1.50
Loan
$4.25
3-15
1
3-15
3-30
(quar.
Saguenay Power Co., Ltd.—
4%%
preferred
(initial
quar.)*.
5-
$$1.50
Bros.; &
,
5 Va %
3-15
1
4-
Price
y
& Debenture Co. (quar.)—
P 4-15 5
5-15
$25C /
Products, common (quar.)—,
4-15
5-15
$$1.75 •
7%
preferred
(quar. I,..**——/. i
3-30
5- 1
$35c,
Orange Crush/Ltd., 70c conv. pref. (s-a)—
Orange & Rockland Electric Co.— y,.yy/yy
3-25
$1.25" '';4-1':.
5% Dreferred (quar.).
?:
3-18.
4-1
: I80c
Ottawa Electric Ry. (increased quar.)—— ,
2-20
4-1
;f; $i5c '
Ottawa Light Heat & Power, com. (quar.)-;;
2-20
'4- 1/
$$1.25
5% preferred (quar.)—"
—
4-.,
Otter Tail Power Co. (Minn.)—"
v
Saginaw
4-1
1
4-
Inc.
3-30
(quar.)
Quarterly
3-22
4-15
15c
Products Co. (quar.)
'
56%c •
4%% pfd. A (initial quar.)
(quar.) ' —'—
—
J- zyy,v25cy/
Common
3-12
4-1
—
preferred
n
Stores,
preferred
Safety Car Heating & Lighting Co.,
'
^
j Preston East Dome Mines (quar.),—„__
1st preferred (quar.),
—y $1.37 '/a •
jpreferred (quar.); Si.50
preferred (quar.)
'
Ct 51.75
Ohio Seamless Tube Co.—
43%C
••$1.75
prior
preferred
(quar.) _—1
Ohio Service Holding Corp.—
\ lly/vM' a
$5 non-cum. preferred
(quar.).—: $1.25
Ohio Water Service Co. (increased quar..)- ,;
30c ,
Old Colony Insurance Co. (quar.)
'——
$5;
Old Line Life Insurance Co. of America—
a/'/,-: Quarterly
15c ;f
;! $1:"
Olin Industries, 4% preferred A (quar.)
8%
3-
4-15
Prentiss Waters
.
7%
Ontario
1
4-
yy $75c y 4-15
% non-cum. partic. pfd. (quar.)—,
45c
;> 4- 1
& Lambert-——1—,
20c
3-19
Preferred Accident Insurance
(quar.)—;
4'-- i* /
5% %
Ontario
1
15c
v
Corp of Canada, Ltd.—
1st preferred (quar.),——
6%
3-21
1
4-
6%
«
3-
—
Pressed Steel Car.
$1.25
Omar, Inc., common—
i
—
6% preferred (quar.)—*.—*—
Omnibus Corp., common
(quar.)
3-31
Pratt
2-16
4-
'
(quar.)—
pfd.
1
-
$1.12%
$1.25
v
5%
3-
$40c
$$1.75
;
,
9-14
3-25
65c"/
25c
preferred
•
$1.25s
Co.—- 25c
Public Service Co., 5%
&
Prentiss-Wabers
r
3-20
6
1
10-
25C
,
common
1
3-31
quar.),,,,
(quar.)
'
6-
50c
a;
4
4-
25C
/'.
(quar.)—
(initial quar.)-—
Co.,
3-
5-15
^
,
■
4-1
93%C
Leather
Safeway
4-
(increased
preferred
.
Ogilvie Flour Mills, common (quar.)
•* 25ca
Ohio Cities Water Corp., $6 pfd. (accum.)—/ • ' $1.50
Ohio Edison Co., 4.40% pfd. • (quar.)
$1.10
Ohio
;
'
$8%C
3'!' 25c
(quar.)
3-
3-20
Power
11-
preferred (quar.) ——
—*Northwestern States Portland Cement Co.—/
62 %C
$2.50 conv. preferred (quar.).—iozv?
Northwestern States Portland Cement CO^M/y aav//
Quarterly
yy40c
Noiwalk Tire & Rubber Co., 7% preferred87'/2c ,
Nova Scotia Light & Power Co. (quar.)—$$1.50 ,
Novadel-Agene Corp. (quar.)——
50C
Finance, 4%% preferred
5% prior preferred (quar.)
1
I
3-15
11-15
$3.75
Ohio
Common
4-
4-
3-16
■v: 50c
Quarterly ipip,
■
Quarterly
Northern Natural Gas (increased)
Northland Greyhound Lines, Inc.—
,
3-10
Plymouth Oil Co.
//
(quar.)-— ;
(quar.)
1
:
3-15
4-
Ltd.—
Industries,
1
Plume
1
pfd. (a'ccum.).:— ■;
Transit
I
4-1
1
8-
-
Indiana
4-
4- 1
3-15
$4 preferred (quar.),,,.
(quar.). / V
50C
$1
3- 5*
3-28
Scovlll Manufacturing Co. (reduced)
40c
(quar.)——
—
'
25c
3-20
3-25
Scranton Electric Co., $6 pfd.
Polaroid Corp., 5%
preferred (quar.)—— / 62y2c
(quar.).—.
$1.50
3-25
3-20
Securities Acceptance Corp.—
$2.50 preferred (quar.)—
;
62
4- 1
3-22
Common
Pond Creek Pocahontas Co., com. (quar.),,
\
50c
(quar.)
' 10c5% preferred ciass A (qiiar.),.
Port Huron Sulphite & Paper Co.-^YPC\
31V4C
3-25
•v"
Securities Corp. General, common,.
/'•■y
$1 y 4- 1
4%
5c
preferred (quar.)—-Ci—,,,'
3-20
4-10
15C
$6 preferred
Porter (H. K.) Co., Inc., common—
(quar.• $1.50
a 3-15
4- 1
62 %c
5%
preferred (quar.)
'
y,;- $7 preferred (quar.)
...
$1.75
ys-r-r/;.
y1
$1.50
Potomac Edison Co., 6% preferred
—r
Security Co. (Los Angeles, Calif.),
'
■
$1
/•-5- iy ;■/
$1.75
7%
Seiberling Rubber
25c
preferred
5-
8-14
.v-«—————
—
Ltd.; 7%
Oil,
1
Russell
of Reo.
Payable
$1.12 y2
(Helena), class A (quar.)
(Jacob) Co., 4Va% pfd. (quar.),.,
$1.12%
(quar.)
Atwood Manufacturing Co,
5-15
v"•;p.''".
-
1
7%
Inc,
50c
Texas
Northern
Plough,
3-20
1
4-
6
';"3-
' " 50c
Co.——j—r
■?$' $1
Northeastern Water/ $4 preferred (quar.)—
North
3-16
-3-31
1
4-
30c
\
r
1
4-
share Pacific Gas & Elec- 5
for each 100 shares North V
common
Star
9
4-10
3-
Inc.—
,
'
one
American
North
3-
$1.06/4
$25c
—
Inc.
3-15
25C
(quar.
Class A
(quar.)
Noblitt-Sparks Industries,
1
$1.50
(quar.)—
class A
Corp.,
"3-20
4-
$2.25
6% preferred (quar.)
n
——
Newberry (J. J.) Co., new (initial quar.)
Newport Industries—
'i 4%% preferred (initial quar.)——.—y
Niagara Wire Weaving (quar.)-i—-------r
3-30
<
3-21
—
(quar.)—
Telephone
(Ohio)
3-28
85c
'New York
75c
Ruppert
(quar.)
$1
Co., com. (quar.)
30c
$1 preference common
(quar.)——
25c
Philadelphia Electric Power, 8% pfd. (quar.)
50c
Philadelphia National Insurance Co. (s-a)_,
35c
Philadelphia Suburban Transportation—
5%
preferred (quar.)
62'/2c
Philip Morris & Co., common (quar.)—,,
37%c
4%
preferred
(quar.)—,
—_
$1
3.60 %
preferred (initial quar.)
90c
Philips Packing Co., Inc
—25c
Phillips Packing Co., Inc., 5'/4%
preferred $1.31 y*
Phoenix Insurance Co. (Hartford)
(quar.),,
50c
Pictorial Paper Package Corp.
(Irreg.)
7y2c
Pierce Governor
Co., Inc.-L.,,_,i-_i,*ui^-i*/,r;':'''''i:, 30c
Pillsbury Mills, Inc., $4 preferred (quar.)—,
*$1
Pittsburgh Bessemer & Lake Erie RR. (s-a)
75c
Semi-annual
75c
Pittsburgh Fort Wayne & Chicago Ry.—
Common (quar.)
$1.75
7% preferred (quar.),—.
1,
$1.75
Pittsburgh Plate Glass Co. (initial)—^,,—
20c
Pittsburgh Screw, & Bolt Corp. (quar.),
10c
Pittsburgh Thrift Corp. (quar.)—,;
'M2V2C
Planters Nut & Chocolate (quar.)————,,/:
$2.50
*
3-20
,
3-12
1
4-
preferred
Philadelphia Electric
4-13
3-25
3-29
i
25c
Rubinstein
2nd
$4
3-15
15c
3-20
$1.25
.
3-19
1
5-
6
5-
1
$1.50
$6 preferred
(quar.)
Philadelphia Dairy Products Co.,
$4.50 1st preferred (quar,),,
3-18
—
Increased
•:
3-14
4- 1
$1.18%
(quar.)_——*
preferred
conv.
Baker
Brewing Co
—
Philadelphia Co., $5 preferred (quar.)
4-
25c
Pfeiffer
3-18
3-29
12/aC
————r—•———
England Tel. & Tel. (quar.),;..———Hampshire Fire Insurance— ■
a/a:':/
New
New
53VeC
25c
•
.
Inc.—'
Bros.,
4%%
Nelson
(quar.)
Corp.—
25c
JVolte*
When
Per
Share
Name of Company
of Ree.
Payable
Share
•
.
Co.
Pfaudler
3-15
4- 1
4-1
4-1
5-15
Refining Co.
Sugar
Co., $2 pfd.
preferred (quar.)—
National Tea Co., 4%% pfd.
4%%
Name of Company
3-15
4* 1
'4-15
Co.
National Supply
<"•
of Reo.
Hoiaert
When
Per
Holaere
Payable
"
:
National
When
Share
i
Name of Company
1613
FINANCIAL CHRONICLE
THE COMMERCIAL &
[Volume 163 ^Number 4475
-3-30
3-15
$1.25
6-29
$1.25
9-30
9-16
$1.25
12-31
12-16
20c
3-29
3-15
6-15
1614
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
When
Holdere
>
mm* of Company
•
Sterchi
Bros..Stores,
Common..'
Shore
Common
Stfetlihg
Stix_Baer & Fuller Co.,
Chemical
$4.50
:
Co.
Corp.,
3-15
3-30
2-26
Inc.,
43 %C
4-
1
3-15
$6.50
$1.25
Swift
for
3-28
3-19
50c
1
4-
i
3-18
$$3.75
(quar.)—..
\ V
————
25
shares
4.-
10c
3-30
3-
7, 4-
1
1
j-$4
preferred
3-15
3-29
Sylvanite
Gold
4-
1
3-
25c
4-
1
!
-'Class
A
■
(quar.)
1
$1
preferred (quar.)-.—
Taggart Corp., $2.50 preferred (quar.)_——
Talcott
(James), Inc., common (quar.)——
4%%
preferred
(quar.)
—t——
4-
1
2-
common (quar.)
5-
3-16
Waialua
:
4-
25c
4-
6% %
.
conv.
dep.
3-29
3-29
10c
44-
1
,4-
1
3-11
3-31
preferred
(monthly)
•I,
Class
Toronto
A
-•
7;
4-1
3-20
4-
1
3-20
y. 4-
I
3-20
4-
3
3-15 :
3-30
;
3-14
t
Mortgage * Co. (quar.)
Torrington Co. (quar.)_———
4-
1
4-
1
4-
1
4-
1
$$1.25,
■
40c
(initial)—-—.—.-— $$1.12%
Co., common————^-.—
I2%c
$2.25 conv. preferred (quar.)—-—j—
56y4C
^ransue & Williams Steel Forging Corp.—
r
3-15 '7:
;
•:
3-15
4-
,*..»■
Trt-Continental Corp., $6 pfd. (quar.)--—
.Trlco Products Corp. (quar.)^—
Trinity Universal Insurance (Dallas) (quar.)
■7
-Quarterly
Quarterly
—
——
62 %C
-
5%
7%
preferred
62%C
convertible
Street
&
7775c
r—-
25c
Carbon
7
(quar.)
$2
;;;.
(quar.)
United Fuel Investments, Ltd.—
6% class A:preferred (quar,)___
7
5%
Merchants &
preferred
preferred
5%
Products,
Mfrs.—
;
1
1
1
3-
4
4-
1
7 7 3-
4
Woods
9
7
(increased)
preferred (quar.)
$2
4-
1
3-15
1
3-15
4-10
25C
1
United
Shoe
—
Machinery Corp.,
50c
—-
6-15 7
3-20
com.
6% preferred (quar.)
United Specialties Co.
62 %C
(quar.)
—
S.
4-
77. 37 %C
-
4-
(quar.)
—
S.
St
$4.60
U.
S.
U.
8.
S.
$5
U.
Co
1st
preferred——
Pipe & Founfiry (quar.)__
Quarterly
^4—-—
Quarterly
U.
S.
,U.
—
—
:
'
•
Playing
Card
4-15
4-
1
;,:;.4-,i
!
75C '
3-30
6-20
3-
c;
v
6
3-30
,;.,3-3°
3-23
Plywood Corp., common
preferred
(quar.)
.."•'4%%
preferred
(quar.)
9-20
Corp..
U. 8. Rubber
U.
S.
Trust
New
Co.
common
✓Universal
(N.
Steel
Sugar
4-20
3-20
4-
1
1
3-20
3-18
6-10
5-20
class A
(quaf.)
$1
—
$2 '
/■:
'
$2
4-
1
Cab,
3-16
5-
1
4-11
-4-
1
3-22
4-
4-
(quar.)___
3-15
3-29
3-22
3%% bonds, series C,
redemption on May 15,
be
made
Y.
at
the
office
ttue_
(stock dividend)
preferred (quar.)—_
\
,
the*
the
mi
^emptlon» ^
The
road
has
7;'
3-18
new
i
A-i-V'"-'A::
,
■H
77,
/
.t
Gross - earnings
3-21
Jan. 1 to March. 14
$5,383,900
•
$6,692,197 $50,247,409
vv
1
Operating
4-15
7
3-18
4-30
.
$65,792,417 '
Co.^~Earnings~^
iV
1946'
revenues
:Operating revenues
Operating expenses
Operating taxes
3-8
77
1
/
i
Southwestern Associated
Telephone
Month of January—
;
7
25c
4-15
operating
-
$217,5211
169.143
—-
139,493
.31,812
$44,502
.
700,
.
'-
$245,457
—
^
$218,221
700 ::
incomc___.*_
Net income
—V. 163, P. 1035.
1945^
$246,157
revenues—
.
&
Ltd.,
Zonite
4-
$50c
•
7
3-30
ioc
3-30
50c
..
2-28
(•y. 51,4561
$?6,572
%
AA. $1.75
425c
,77
common
3-16
3-20
25c
4-
,3-1
1
4-
,
7:72-21
1
0
(increased
quar.)__
.
1
3-18
2
Net
3-25
5-
1
77;4-20
*
•
xLess 30%
♦Transfer
1
4-15
1
4-15
Net
3-
Reserve for
3-20
tPayable in U.
tPayable In
resident
tax
not
S.
closed
for
'
r''
.
this dividend.
'
15%:
funds,
resident tax.
tax
deductible
9
7%.
a
the
profit
Net
Less British
Income
after
$1,702,867.
1,403,188
Inc.—Earnings—
inc.
1946
charges..-.-—____
and
excess
prof,
taxes
'
1945
$2,473,534
contingencies..—7.
1944
$3,198,006
I
$4,260,570,
—100,000
1,191,089
2,269,596
3,228~203
$1,282,445
$828,410
$1,032,367
611,055
611.055
'611.055
$2.10
profit.^
Number of capital shares—
77 $1.36
Earnihgs per 8hare.__...
—V.
Non¬
Bource.
$2,501,501
2,297,130
1
-
7
at
_-__.l.__________,.
24 Weeks Ended Feb* 16— '
funds, less 15% Canadian non-residents' tax.
Canadian
*
t
Spencer Kellogg & Sons,
5-
4-15
8,192,814
3,849,623
——
"
"
15c
Jamaica Income tML
books
9,111,470
—
7 5-
1
22,724.
-'.2,355,17'6
"
income
—V. 163, p. 1035,
t25C
5-
22,681
$13,968,147 $13,745,204":
^
$37 %C
Corp
revenue.—
,A:; '';7V- •
;
llet' operating.income..
7
$31 %c
_______
operating
*
1945
:$13,990,828 $13,767,928'
Operating revenues' J__
Operating expenses
Operating taxes
3-20
4-
4-
1946
.
1
■/;
Federal
A
,,
Uncollectible
••
'
15c
37 %C
quar.)__
'
revenues.
%-7:'
'
AvV
3-16
12 %c
(quar.)__—
(quar.)
v....
Southwestern Bell Telephone
Co.—-Earnings—.. V*
Operating
440 77-3-25
37 %c 7
%
Co..^
(initial
<
Month of January—
3-18
3-28
50c
15,072 *
%%%::%.•%
■
,.,y-
7 3-15
,
3-29
3-28
,
'
Ltd.
26,743
—________
•
-
'
Machinery-
Machine
Products
1
.7**. 1
(quar,
—
pfd.
V ' " 3-11 •i '1
f; 3-11
4- 1
163, p.
1482.
$1,69.
.
tax.
Spiegel, Inc.—ExpansionM.
General
7%
Corporation and
.
.*
to
•
*
.
*
•
•
.
;
•
'
•
Southern New England
Telephone
revenues
Operating revenues
Operating expenses
Operating taxes
Net
—V.
operating
income
income
163, p. 1035.
;
.
1946
....—1;
operating
.
ture
!
__—
'—t.
$2,895,420
and
the
of
General
Stoehr
12,000
$2,644,579
1,788,337
."539,775
'$316,467
■
217,532
&
Manager,
en
March
Furniture Co.,
Fister
•'•7 1
maintains a nation-wide
100 retail stores.
In the
catalog
1
,15 :
of:
-77: r:'-7
business,
in
addition;
home furnishings field,
Spiegel
holdings include fcur ultra-modern Stores for the
Home in Chi-"
Haibour-Longmire
Co.
in
Furniture
Co.
of
Oklahoma
Store in Phoenix,
Ariz.,
Greensboro. N. C.—V. 163,
■.
•
v
•
Interest amounting to
1946, on the, income
$2,656,579
$379,554
302,418
President
•.
and
-v.
City,
the
the
•;
Dorris-Heyl- "
Morris-Neese
1290.
p.
Furni-;
y
.
t-;.
,1,
'•
I
•
Spokane International RR.—Interest—
1945
$2,892,657
2,120,116
392,987
;
—
Jr.,
purchase
.
^
2,763
_____
revenue.———
the
than
cago, 'the
man
Co.—Earnings:
Month of January—
Operating
*
more
retail
(Continued from page 1576)
.
Spiegel,
Pa,
Spiegel. Inc..
Investment News
'i
J.
announced
Scranton,
7
:
$45
per $1,000 bond will be
paid on April l,y
mortgage 4%%
bonds, series A, due 2013, to
holders of .record at the close of
business on March 22, 1946.—V.
I63fp. 1202,'
'; V .^ .• • ,
,•
'••, :
' ,'ry. ■ '
' ' r
*"
''4 ' '*
'
.'
4.
•
,
.Stamford Electric Products
Co., *Stamford, Conn.—Re¬
organization Proposed—
A
7
•
.
7
*
7*
plan-to:reorganize-this company, manufacturers of radio trans¬
electric appliances, was
proposed by Leo Jacobson, Presi-
formers and
*
■
3-25
4-25
*
t,
3-21
3-20
1
,
—Week End. Mar. 7—
—Jan. 1 to Mar.
7—V
•1946
1945 • %*• * 1946
%
1945
•
w
_______
—V. 163, p. 1290.:
3-21
:
1946 Av
1945
1946-..
1945
$5,714,720% $6,868,117 $55,962,129
$72,600,834'
earnings.
Period—...
.
Wk End. Marcn 14
;$"i
Gross
l^:
-
Railway—Gross Earnings—
•* :•
toet
,15C
,
A■'
■'
j
at-* v
March
noon
ik.::"
-
.
Southern
,
$1.50
amount^
received
banking groups, one headed by
Kuhn, Loeb & Co.
Halsey, Stuart & Co.,Tnc^ are expected to
bid dor
issue.—V. 163, p. 1202.
'
*.
' >
3-11
1 A*
4-
(
like
the other by
Period-
:
3-15
4-
1
4-
VI
,
7
1
4-
WI,
asked "the .Interstate
the new bonds r.nd
Uncollectible -operating
'77
»■
investment
l
4-
$1.06%
—i
r
7V;7 3- 8 7
1
4-
20%
.
.
(monthly)—_______
Manufacturing Co. (quar.)__
preferred
;
1946,;;:;^
of
.
2%s
:
:.4- ,1 y3-25
;;77:7;$2
—
A
7
8
4-
$5c
preferred
Net
15C
mortgage
first-mortgage bonds, due
series
9
3-
1
4-
$1.25
:
7,
6%
'
.
i.K
the
3-20
:
3-25
30c.
$1.06%
7 7:% 75c,
—
1
first
*»•.'*
.Series'#!-Bonds
and
:,3-16
4-1
$1.50
_
_
1
$1.25
r
(quar.)—_
6%
3-15
3-30
Co.—
preferred (quar.)
Towne
Uncollectible
25c
'
60c
&
Zeller's,
4-10
4-
3-29
$8.75
———-—
Pump
3-16
$2
——
I
4-
10c
Lothrop,
3-16
15C
(quar.)
quar.)
Universal Leaf Tobacco Co., com.
8% preferred (qUar.)
Upressit Metal Cap Corp.—
8%
preferred
(accum.)
Utah-Idaho
1
1
Y.)—
(initial
Cyclops
4-
1
■
3*16 r
1
■
8-31*
$1.12%
$1.18%
1st pfd. (quar.)--
Co., 8%
A
Inc.
11-30*
4-
_
Commerce Cottimlssiot! lor -ad- * "
thorlty to issue
declared that it believed the new*
issue could be sold at a
rate
"materially lower than the 2ye% carried* rby the issue to be redeemed.
'
'
.y:
:
77 3-
I
4-
:
7
4- 1
25c
(quar.)
5-31*
12-20
20C
—-
United States Radium
4-
25c
(quar.)__.—
Yates-American
Yellow
3-23
50c
(quar.)
com.
&
:
3-11
1
75C
-
Wrigley (Wm.) Jr., Co.
:
$p
*4 Va %
"
r; 3-16
■ ; 3-16
40c
—-
°
•
Manufacturing Co., Ltd.
.3- 9
40C
Co: (quar.)
7
(quar.)_
preferred
Wright-Hargreaves. Mines,
'
40C
—
S.
.
50c
$1.75
:
S.
—
3-19
•
3-27
_
-
w.
3-15
1
.
3-19
,
3-30 "
"$1712% "
:'v
50c ' ,3-30
Gypsum Co., common (quar.)—
preferred
(quar.)
International Securities Corp.—
7%
,U.
"
Foreign Securities Corp.—
preferred (quar.)—---.
1st
Guarantee
5
3-20
4-15
25C
U.
6
25c
Fidelity & Guaranty Co.
Co.
Worthington
3-20
1
25C
„
U.
1
4-
5%
$4.25
5%
—
*243,363;
$36l^H
3-20
1
4-
.
25C
'"
:
4-
the outstanding
Two
44-
.
I20C
(quar.)..—
4-
———-——
(increased
'
$1.50
v
(quar.
7%
preferred (quar.)..*
Wool Combing Corp. of Canada
3-12
Publishers—,
Common
common
3-9
:
7 3-15
7-
r25c
,
(quar.)_-
.
'. 3-15
$2.50
pfd.
(quar.)___.
1
$1.25
-
i._—
$6
common
1
(quar.)
Co.,
Woodley Petroleum Co. (quar.)
Woodward Iron Co. (increased)
Yale
——
534,775
Jan. "1, 1961, to lefund a
having the snhie maturity. Bids will be
company's office, 165 Broadway, New York
City, up to 12
:
Woodward
:v
United New Jersey RR. & Canal Co.
United Printers &
:___
PacifkHR. Co.—Calls
■
ries G
-
t$1.75 77 4-15
7'':$i.25 :]$
———
3-21
4-
7
4,444:
$770,657^''9$604,86t:''>&
;ot
3-15
(quar.)__.___-_Z--_x._^—_____ ;'7;Ti25c77;
Co.,
Common
$1.25
*T1.,
.
Oil
Extra
4-15
4.
$600,213
.
Wiser
3"15
.9
1
50c
3-15
3-22
1
4-
Ltd.
■
„
4-15
Wisconsin Electric Power—
6%
preferred (quar.)
3-15
5-1
4-
53c
(quar.)——————
(quar.)
.3-1
73-29
58 %c
;
9
' Southern
>.
-y\: ,-iv. yof
73-20 7;
4-1$
(quar.)
&
50C
•>7
preferred
■iv'
13,800
$765,478
•
Will & Baumer Candle Co.—
8%
223.000
.
Electric output of this
company for the week ended March
.16,
1946. totaled '^,uoo,uihi
2,065,000 kwh;> as compared with
Kwn^
comparea wit
1.991,000 kwh-for the.
corresponding week last year, an increase of
3.7%.—V. 163, p. 1.482.^.
3-26
:
3-30
•
4* 1
~«.u
Wilson
475c
'48,COO ^
Accompany, 165 Broadway, New York. N.
3-15
-
;
?
83%C
—
Co
Willson
4rl5
—
Oil
Wllsil,
3-
74-
32C
United Illuminating
United Light & Railways
United
Wilcox
285,732'
-148,000'
:
.10,400
income
f, ^h- -1,;1996, have been called for
^103%/end-interests-Payment-will
A 3-15
:
4-1
;;
4$1.20
quar.)-—.-
Wlggin Tenninals,
3-20
1
128,000
,«
t.VhfU't'nonntt rllni*
3-16
'
3-20
4-
^
Weekly Output
^
..
Co., 8% pfd. (quar.)_— ,777;%:, $2 :;:,7 4- 1
Co., 7% preferred (quar.). .• r; $1.75
4-15
1
4-
$0C
^ ^
—$235,281
3-18
(Win.)
Water
2:7
4-
:7. ;:, 75C
(s-a)_*_
(quar.)—-
3-20
3-18
7
««
Income
-'A-l6':"r-,.':'=
(Initial quar.); SMM 35C
Co
4-
7
^ M MM rn.
shafe
CO.
4-
$1.50
,
/■; '
-
8
8
3-.18
$1,9.7
20c
preferred
WlebOldt Stores. Inc., common
$4.25 preferred (quar.)—
6% preferred (quar.)——
3-14*
United
■i
33-
4-1
10c
(Del)—
6% preferred (monthly)
6.36%
prior preferred (monthly),
7% prior preferred (monthly)
; 3- 8
•
3-30
75c
•_—
United Cigar-Whelan Stores Corp.—
$1.25 prior preferred (quar.) _________—
Fruit Co.
(quar.)
,
3-14 1
3-28
15C
(quar.)——————~
Co.
Whitman
30c
Co.
Drill
S
3-29
17 %c
•»
income
4-16;-,of
**'"
,
prior preferred
Paper
Motor
Wichita
3-29
62 %c
—
—
Union Pacific RR. Co., common
4% preferred (s-a)_—
convertible
Whltaker
50c
——
"
Union Twist
$5
3-30
3-25
(Toronto)
(quar.)
Wheeling Steel Corp.,
3-23
;
3-29
:
37 %c
(quat.)_„——
Corp. (quar.)—
Carbon—
Investment
1
3-25
Underwriters Trust Co. (N. Y.)
(quar.)——
Union Asbestos & Rubber (quar.)
Union Bag & Paper Corp.
Carbide
4-
*»'
taxes...
operating
-Gross income
Total income deductions,
.
Stationery Corp.—
(quar.)
Inc.
8-10
4-20
-j——■-
preferred
—
United
5-10
50c
««
4,578
3--15
5-15
0 v.'
4-15
-A 4- T
(George), Ltd. (quar.)—
Weyenberg Shoe Mfg. Co.__—____________—
Wheeling & Lake Erie Ry; (quar.)__——_
3-20
5-15
8-15
$51.14
Uarco,
Inc.
(initial)
Underwood Corp. (quar.)—
Union
1
4-
3-29
(quar.)———
South ,La .Salle
Union
'
,
tax.
-
-
—
4-15
Extra
208
'V 7-
taxes
340,969
,
Net
"
35c
Weston
-
;Lr;
4- li
Ji-JJ
A
(quar.)•
&
preferred
White
■
$1.50
3-22
v$$1.75
Twentieth Century-Fox Film—
Common' (increased quar.I—i—.—
'
1
4-
income
316,653
'
340.995
-
$$2 —
Water
11- 9
_____—
Clutch
State
3-19
4-16
1,153,16$
287*066
v—
income)
7;, 7 ,4-16
>mo
•
Westmoreland,
3-25
11-15
(quar.)——.—
preferred
Disc
3«>16
25c
________
—•
Go.
Westmoreland
25C
Tuckett Tobacco. Ltd., 7% pfd. (quar.)
Twin City -Rapid Transit Co.—
Twin
1
3-30
25c
7
9
s_ 1
$3,081,433"-
307.056
income
FedoraL.»pxcess .profits
,
1944
$3,171,073
1,284,076
'
(quar.)_._
Assurance
preferred
,
5%
ft,'
$1.50
*-»
3- 8-v
5- 1
$1.12%
(quar.)$1.50
(quar.)_
preferred
Western Tablet
3-20
-
———
(quar.)
-rV
Co.; com,:-(increasedy;u
Power
preferred
Extra
v
7%
3-15
5
4-
25C
—
1
4-
'
'
.
4-
1945
■
,
Taxes .< other than
Federal
$1.60*
'
Depreciation
4-4
,
,25c
$1.60
>
.
3-15
preferred
Reduced *
(quar.)
Western Department Stores
Traders Fihance Corp., Ltd.—
4%%
Penn
,-Aj: $4.50
% Western,
3-15 7
Trailmobile
v
preferred
^ Western Condensing, 5%
t!5c
(initial)-
73-18
1
$343,565
-Earnings—*^.
revenues
K"
Co, class a (qu»tt>-_-
West Virginia Water Service—
'
(Stock
dividend)
One
additional
for ■ each. ■ oneheldV
.
il5c
.
3-18
4- 1
f"
West Texas Utilities Co.,: $6 pfd.
West -Virginia Pulp ds
Paper.t__-_-______-
i
2-15
$25c
$1.64
Maintenance
-v
*^^1.25-^76*.ilT^'-75-15
___
preferred
4Va%
2-15
4-18
V$25c
>
_
7%
;
4-18
7;
—~——
.
3-U
■7,3-1
:
rets,
___
6%
West
1
4-" 1
y,;;'58%C":.
4-1
3-15
Other
(quar.)_„
west Pexm Eiectrio
3-20
4-1
4-
Tooke Brothers, Ltd. (interim)-—---—
Toronto General Insurance Co. (annual)—Toronto Iron Works, common (initial)_____
4-
15C
Wesson Oil & Snowdrift Co., Inc.
fquar,)___ ; ',v:
^Kootenay Power & Light Co.*; Ltd.—
7% preferred (quar.)_______—_—
3-11
preferred
^'7
4-1
15c
West
$$1.12Va
7%
■
3-16
—__
$7ViC
$453,056
$0.34
,,
'7
.™._
25c.,:
common.
5%
3-15
3-31
Toledo Edison Co.,
•.
1
25c
$40%C
—$100,973
$0.27
■
5,023,329
4,772,619
,
.
-'$25c
6$
:vi..
;
-666,742:
4,772,124
Operatlon.
—
3-29
v
ord. reg. (interim.);, 11%%
8%
def. reg. (interim.) — :■?.
41%c
5% pfd, (monthly)——
;t
50c
(monthly)
3-16
7:"
3-19
3-25
American dep. rets.
3-26
preferred (semi-annual)__—
,5
$2.50b-1'5
Waukesha Motor Co. (quar.)—
3
3-11
|
Wayne Pump Co. (quar.)
:
50c
■
4-1.
3-19
3- !*:■' Weatherhead
Co.* $5 preferred
4- 1
(quar.)i.___$1.25;.^V;;4-16^
3-22 ^7
Wellington Fire Insurance Co. (s-a);
8-12 *
$L75
o-io
3-22
Wellington Fund, Inc
20c ^' 3-30
3-10
3-16
Wells Fargo &
Co., 4ya% conv. pfd. (s-a)_.
3-15 t
22yac
■«-■
'
%
Operating
261,805
.
'5,023,983
12 Months Ended Dec.
31
3-20
3-20
preferred
preferred
1,254,381
,1,191,874
1,190,823
share..
com.
p. 2520.
'
$14,336,582'
$2,345,282 $10,249,1^3 $10,139,513
—$350,043
per
4-1
1
5%
$2,094,345
1,253,565
____
Southern Colorado Tower Co.-
3-16"7*'
:
1
261.805
.
$3,552,554 $15,000,665 $15,003,324:
1,207,272
4,751,502
4,863,811.
1,176,436
dividends' ___"7
4- 1
Washington Railway & Electric Co.-*-
Associated
American
-.
7;v
6
3-30
;
4-
$1
—
1*.
Earn,
3-15
3-1*
3iy4c
(quar.)——;—_
4-19
deduct?.
dividends.
—V.,162,
1
25c..
$1
Ltd.—
.777MM'pM
1st pfd. (quar.)
Oil -Co.
v.y •
$8.75 preferred (quar.)
—A—
Tip Top Tailors, Ltd. (quar.)-———
Tobacco Securities Trust Co., Ltd.—
^
3-
3-30
4-
10c
v
"'3-15
3-25
Co.,
4-10
$3,270,781
;
3,115,047'
'
'
$3,440,772 $14,179,787
111,782
820,878
7 107,854
revenue.
'Balance
3- 9
4-20
4-19
•
4-23
1
.
Tide Water
"3-30
65,451
$3,162,927
Income
3-16
3-30r' '1 3-16 'i
4-1
■
.
Textron, Iiic:> 5% preferred (quar.)-v-——
Thrifty Drug Stores, common———<—u——
preferred A
3-30
(quar.) _________^„r__„; i!$i.37ya;77/
Brothers Pictures
(quar.)
50c
Warner & Swasey Co.
; 7 25c
Warren Brothers, class A
(quar.).^
Class B (quar.)
j
62%c
3-15
6.'4-
------——
ya%
Warner
8
—
Inc., common (quar.)-^.————^
preferred (quar.)
—-A
Stores,
3-
Baking
5
8
.___
Textiles,
4%%
3-
'Net
Preferred
Common
30c .":
Ward
4-
4-15
V-15
65,451
2,311,719'
149,383
19,430,000
17,421,600
T;715,276"
7,076,9BT ' 6,587,940
1,965,792 ' "'8,229,482
7,860,792.
2,057,371
revenue...
other
(increased).25c
,$1.75 :■
Ltd.."
3-15
6
'
Special
Thrift
»
$$1
and
3-20
1
8-1
37%c
$4.50
Waldorf System, Inc.
(quar.)
Walworth Co.,
6%
preferred
3-
4-
10C
$20C
(initial)————-
Agricultural
3-15
4-
•:
56 Vic
Texas Hydroelectric, $3.50 pfd. (accum.) —
Texon Oil fe 'Land Co.——— ;
Texas ^Public Service (Del.)
(initial)
—-7
4 %
1
Int.
'3;«65:198
4,000,600
3;093,000
*:i"i;764,970 *
*
;
'
preferred
Wabasso Cotton, Ltd.
(quar.)
Wagner Baking Corp., common
7%
preferred
(quar.)
$5c :
Mines (interim)
7% preferred (quar.)
:';W- $1.75::
Tennessee
25C
Corp. (qUar.)—------------Tennessee Products corp., 8% pfd. (quar.)_
10c
Texas ' Co.,
50c
(quar.)
Texas Electric Service, $6 pfd.
(quar.)—— >
$1.50
Telluride Power Co,,
>
3-30
7 7 .5-
"
adj..
non-oper.
2,612,374
823,431"
.142,496
acquis,
opel'.
587,275
1,171,874
Wi 'Gross income
-
87%c3-30;^ 3-20
common
3-14
62yac
--
Teck-Hughes .Gold
4
%
i}"-,3- 8
712,439
exp.__
depreciation.
of
Net
Net
37J/ac
preferred
4 Va
.7-
.)
1
for
Amort,
7(7 4- 1: V, 3-8
$2.50
30c
;(increased)_
3-14
'
—
com.
3-30
$62 ViC
(quar.\
Instrument Cos.
•"7$2.50
3-30
$1.25
Preferred
Taylor
3-20
Prov.
1'
9-
gen.
Prov. for Fed. lnc;» taxes
Other taxes
12-1
Co,7'7(s-a):i,;,'^J",!"$3,:''; ^-4- 8 «
4-71
$$1.25
4-.,lr,'':\7 3-20
Pacific Ry Co.—
75C
—-
Tamblyn (G.) Ltd.,
1
'
(quar.)_____
Works,
Co.,
9-10
12-10v.
■
and
Frequency, change
6-1
6-10
$1.75
Admin,
■<,
^
$1.75
RR.
75c
:
;
6%
,
'. 4-
$3C
■
■-'_——————';'•••
—.——
Tool
7%
3-20
—''——
Tacony-Palmyra Bridge, 'common
•
&
.
3-9
/''v'V
__
*
——-—
Mines,
'
3-31
7
■
3- 9 "
^-31,.:
-
$1.62'/a
,
(irreg.„
15c.,
(quar.)____
."'" $1.75 ;7
Vulcan Corp., $3 conv.
prior pfd. (quar.)
'75C
Vulcan Detinning Co., 7%
pfd. (qUar.)_____
' $1.75
Wabash Railroad
Co., common...
$1
3-15
Inc.—■
(quar.)
•
expense...
6-20
9-20
$1.75
preferred
Chemical
Vlchek
held——*-•
(quar.j
•
3»/2% preferred (Initial quar.)___,
Virginian Railway, 6%
preferred (quar.)
"6% preferred (qu&r.)
3-15
3-29
30c
•
Common
5%
Commercial
\
.
1945—12 Mos.—1944
,
$16,786,039 $16,288,490 $67,629,754
$64,020,200,
Production expense
3,218,764
2,090,670
7,466.567
7,612,0027
Transmission expense.."
413,015
697,548
1,086,131
1,352,995
Distribution expense __1
983,732
901,655
3,472,046
3,159,718
Bakeri,^-;,',
' "
(s-a):
preferred
(s-a)
5%
Victor
7-1
10- 1
'
revenue_i.__
3-21
1
4-
Ca., Ltd.—Earnings—
1945—3 Mos.—1944
Total'oper,
4- 1
62yac
,
30c
.
40c
(quar.)
Sylvania Electric Products,
-
Ltd.,
Period Ehd. Dec. 31—
4-16
62%c
(quar.)
(quar.)
Common
3-16*
1
$1.25
Southern California Edison
of Ree.
.
5-1
62yac
(quar.)_-__.
Vicksburg Shreveport
Canada—
of
preferr^^fe-7
(quar.)_»_r^
\7%- preferred
30C" "
.'
Monday, March 25, 1946
Holder*
^Z^i.^atii^Tavdble
;m(
Dutch
7%
preferred
(quar.)_„
Vermont & Massachusetts
'A;
3-18
$1:13
common.
Co.
each
4-
.
(quar.)
Holland
pi-eferred
preferred
Viau,
,15c
preferred
Kamp's
common
7%
4
1
4-
do
.Vapor Car Heating Co., Inc.-—
3-14
—
Co.
&
5-
3-29
prior
Van
1
5-15
25c
Superior Steel Corp. (quar.).———--—
Susquehanna Mills, Inc.
(irreg.)——
(Stock dividend)
one
share of common
-.stock
3-
31'Ac
Quarterly
Mining
5%
,
3-22
1
4-
■'
(initial)
(quar.)
3-15
1
200%
(quar.)_———--Co.
Assurance
Sunshine
(quar.)
3-16
1
4-
25C
,.7When**
-v.
.*.
Utica Knitting Co., 5% class A
5% ,prior preferred (quar.)
5% prior preferred
4-
(s-a)_—^—
preferred A
Increased
11-30
*4-1
.v.
Utah Power & Light Co.
7^tC
__
Studebaker Corp.
Submarine Signal
Sun
12-12
•
tiame of Company
1
13 %C
7% 1st pfd. (quar.)Stokely-Vah Camp, Inc.—
./•
5%
prior preference (quar.)—_—
Strawbridge & Clothier, $5 pfd. (quar.)__—
Struthers Wells Corp, $1.25 pfd.
(quar.)
Sun Life
6-
8-31
87&C
Inc., 3%% pfd. (quar.)__—
Engine Co., common
preferred (initial quar.) ______
Sterling Motor Truck (stock dividend)—__
Drug,
conv.
'
of nee*
6-12
9-12
25c
.—-
Sterling
'55c
POvabl»<
-
25c
25C
Inc., .commoh-,—-
i—.—,«■r--
'
-•v
"
>
1615
Volume
stockholder in
and majority
#dent
United
Conn.* on March 6.
the concern's liabilities at $282,610, mostly in
and its assets at $229,698, mainly in stock and
machinery. 1
' r' '
*•.
In his proposed reorganization plan, Mr. Jacobson asked the Court
to permit him to pay creditors with claims of more than $100 in
monthly instalments over a period of three years.
Lesser creditors,
ihe proposed/ would be paid in full when and if the plan is approved.
Mr. Jacobson's petition states he has agreed to forgive indebtedness
The
petition
unsecured
lists
claims,1
,
for salary and rent of $22,950.
asks
v
1
<
v.
corporation
called for redemption
has
'
Co.—Common Stock
count
dividends
of
Standard Gas &
'
will
accrued
to Call Debt—
be
payable.—V. 163, p. 1482^,..
Electric Co.—-Requests
,;/*•'V
$672,302
$7,697,622
54,656
Federal taxes on income
Retir. res. accruals.——
83,000
91,500
Maintenance
,,,,
Further Time
——
...
40,833
and
the Securities
Commission
Exchange
for a further extension of 30 days within which, to call its
.$58,601,000 6%. notes and debentures.
'
Utility
i
Other
time
the
because
239
Income
deducts—int.'
Income
Net
Income
—
*
*
"
3,223
.
$1,355,855
'78,475
new
$1,243,560
$102,269
$156,335
—
$1,281,411
$1,277,379
per
947.
153, p.
TelAutograph' Corp.—Annual Report—
:
^
Tire appeal, made by Edward V. Trainer, of Chicago, a security
Calendar Years-^'
'•
:1945
1944
1943
holder, is from an order by Judge Paul Leahy in the Federal District •
^
^
$313,913
$313,200 'd $283,800
.Court at Wilmington, Del., Dec. 29,1945.;' The court allowed a con-!Tt!rNet profit before taxes110,000
106,000
112,000
tinuance of the hearing upon l'equest of Mr. Trainer's counsel, Meyer
i Norm. Fed. tax & surtax
Excess^ profits taXili--^
;;;./ 28,200 ,
41,000
—t
^Abrams. who said he had been called to San Francisco on another
Estim. postwar
refund
case.—V, 163, p, 1482.
of excess prof, taxes-..a—„
Cr4,100
'
^94—
,
•
,
.
$237,500
93,000
r
Standard Oil Co.
special
(N. J.)—Special Offering—A
$175,713
Net profit after taxes V
$0.77
^offering of 16>467 shares of capital stock (par $25)vWatsVv* Earnings' ^er* share
made on the New York Stock Exchange March 14 at
;
$64%
i
share, with
per
commission of 60 cents by Kid-
a
der, Peabody & Co;—V. 163,
•
•;
Line
and
v.::
The report
Standard Varnish
The 'stockholders " have
;
>f»o
March
on
to
Works—Rights to Stockholders—■
voted2 to'
The
8.
expenses,
r
in
the
stock
common,
held/;
Stock
subscribed
not
to
was
purchased bv
com-
'
pany officers and employees at $5- a share.
■dd The company elected to redeem, at $60 a
m
:
,
plus $5 accrued
dividends, all of the 7,121 shares of its outstanding>$3 second pre-:
ferred stock. - It .also offered to purchase up to $50,900 of its out¬
share,
947.—V.
standing $158,800 30-year 6% : debentures at face value, plus accrued
Interest,
the
Debentures
The
company.
339.
in
'
,
the
of
amoxint
proceeds
from
$43,000
sale
the
the
cf
were
,
,
*
^i.
•
__
.
..
_
,
...
.
v
*
-
'•
certificates,
April 24
-
-
■
certificates
provided
are
received
on
or
-
befoye
1946
YvPrnids lot
til.
purpow Wer. obtained
Net
In part to the middle of 1945
CALENDAR , YEARS
(Excluding European
Subsidiaries),'
'
)'
sales
.r'/>"> v V.-/
1945
1944
,•'
^
.
.
;
.
1942,,
' 1943
" 1
'i
556,347,620 520,776,185 436,860,092 398,895,769
income—
20,729,616
24,247,763 22,856,095. 15,478,332
Miscellaneous
patents, contracts .v,..
Gas
&
first mortgage pipe
series
3%
line bonds,
13,335,361
15,745,160
11,875,851
101,400,231
89,756,030
5,347,089
6,122,140
7,438,228
6,762,830
(net)
income
;
inc.
55,856,928
profit for year_^
Profit, applic. to min. int.
for
oXof
50,889*797
47,149,074
89,073
4,000,000
:8.000,000
12,000,000
42,889,797
35,060,001
arising
4 000
'
the war '
Net
Net profit carried to
profit carried to
earned
,
surp.
000.
«,ugu,
out or ine war———
1965 at
.
for
reserve
contingencies
;
58,516,819
51,856,928 " 54,516,819
tax_
Net
Provis.
3,010,378
3,010,378
504,251
1,270,843
958,323
24,856,423
44,102,917
40,008,413
30,811,879
3,367,994
8,274,097
8,542,192" v 4,591,994
11,000,000 t26,500,000 tl7,260,OOO t 16,215,000
other amort.
Depl. and leases forfeited
Depr. and
for Fed.
■
'^3,010,378
3,010,378
1,115,557
fund, debt
Other interest charges-
Prov.
95,103,119
income—123,359,877 137,848,646 107,522,371
Int. and amort, of disct.
20*. iiled a' statement with the SEC covering
bonds due in 1966, 100,000 shares
$35,000,000 first mortgage pipe line b(
of 4% cumulative preferred stock ($1
w. ^ w
v.. v. preferred stock ($100 par), and 484,444 shares of
common stock ($5 par). Underwriters, headed by the Stone & Webster
of
1 4,314,123
Balance L/—116,597,047 130,410,418
Non-oper.
'
$34,525,000
328,256,675 2 97,406,858
—
and exp. on
^
due
'i1'
"
With
Registers
Co.
Transmission
459,716,188 412,374,101
income— 577,077,236 545,023,948
selling and
>;:
-*i..•V-v'
' (CXCl. ' of
"
'-i
(
•' "
deprec. and depletion) 420,001,891 376,023,311
fTaxes
15,715,714
14,987,563
Intang, develop. costS,„
24*762,584
23,602,657
Oper,
1 Costs, oper,,
Gross
! Cr.«to o
^cnl*
Securities Corp., would purchase 350,000 shares of the common stock
fro,m the company and 134,444 shares from certain stockholders. The
Public offering prices of the oonds and stock are to be supplied by
amendment.proceeds from the. rale of the; bonds, preferred stock h«d
> .
The net
and
Procefeds from the rale of#the :bonds, Preierr,^.^°f
350,000 shares of common stocx and from the issuance under a bank
,
The remaining outstanding $25 par 5% cumulative preferred stock
will be redeemed on May 15, next', at $27.50 per share and dividends.
vImmediate payment will be made at the company's office at the fUn
redemption price, plus accrued dividends to date of presentation of
stock
l
The company on March
s
r
.
K
"
./-V.5 '
947.
163, p.
sec—
Stanley Works, New Britain, Conn,—Retiring Pfd, stk,
;
.
INCOME. ACCOUNT FOR
„
Tennessee
u
common
company service.
CONSOLIDATED
Total
purchased by
stock re¬
placed, in part, the funds used by the company in redeeming the sec¬
ond
preferred stock and in purchasing .the debentures.—V. 134, p.
^
that of approximately 5,800 employees granted
of absence to serve In the armed forces, 2,397 have
military duty and 2,234 of these, or 93%, have
from
.
LIABILITIES—Accounts payable, $8,838; accrued taxes (other than
federal taxes on income), $18,705; other accruals, $18,627; reserve for
federal taxes ott income, $138,200; long-term debt due Within one
year, $25,000; note payable-(net), $225,000; deferred income
(service
charges), $148,918; common stock (par $5), $1,143,800; capital sur
plus, $941,792; earned surplus, $1,020,984;, cost of common stock re
(2,160 shares), Dr$10,916; total, $3,678,acquired and held in treasury (2
'
have been made
the next few years,
d-.
reflects
released
$144,500
$ already returned to
' $0.64
sundry debtors, $1,496; Inventories, $4,825; taxes and other
$5,182; Bales promotional materials and accessories, $5,216;
an° goodwill, $1,657,368;
for a limited period at, $5 a share? to-49,006% common
ratio Of one share of such stock for each- share of
subscribe,
shares,
1945
Plant, machinery and equipment (net), $1,386,885;
total, $3,678,947.
increase the number of shares of
stock from 50.000 to 150,000, it was announced
company offered to common stockholders the right
value common
par
■
been
leaves
military
proposed pipe line .from
surveys
built within
be
pipe
a
>
demand deposit and on hand, $243,907; United
obligations, at realizable amount, $234,785; ac¬
(after reserve of $1,800 Tor doubtful accounts),
receivable
counts
,
SHEET DECEMBER 31,
During 1945 the Trans-Arabian .Pipe
company) was incorporated for, the
line will probably
according to the report,
——
$171,800
$0.76.
the
by
owned
(50%
Co.
on
Government
$139,282;
(
-
ASSETS—Cash
-
States
947Y3YYW
p.
BALANCE
.
$170,300
$0.75
increased."
("materially
were
development work was continued on the, Saudi
additional wells were brought in and reserves
year,
concession,
purpose of acquiring rights-of-way for the
Arabia to the Mediterranean.
Preliminary
$
Dec.
crude
Y'Y
'.v/.v'V." "
the
Duripg
i
•
in October and was completed in December/
As of
this refinery was running about 60,000 barrels of
•;
day.
Arabian
District Court of Appeals at Philadelphia.
4
21,300,000
operation
31,
1945,
,
-
-V.
barrels, a daily average of 58,400 barrels.
.At the
of the year daily crude production was about 83,000 barrels.
A
refinery at Ras Tanura on the Persian Gulf was placed in partial
mated
4,490
Y:Y'
for 1945 approxi¬
of Arabian American Oil Co.
production
Crude oil
$1,351,364
end
'
Bahrein Island
the end of the
approximately 64,000 barrels
running
refinery was
year the Bahrein
of crude per day.
37,850
$105,395
3,126
are
other
all
were
$1,275,355
6,056
516
ti $159,558
(net)——
income
Gross
allowed to take an .;
(appeal from the decision of Judge Paul Leahy on Dec. 29, permitting
Standard to call its notes and debentures, does not expire until March
29, or nine days after the extended date granted by the Commission.
Hearing oi an appeal opposing the plan of Standard to pay off its ;;;
notes and debentures has been postponed to April 1 by the Third u. S.
anticipated
was
Company)
and
Refining facilities under construction in 1944 on
completed and started operating in 1945 and at
633,857
690,200
470,000
490,000
$104,878
r
;
■
action
income-
oper.
"
outstanding
,
.
This
;
481,427
971,500
40,833
$159,318
;:
more
Bahrein Petroleum Co., Ltd. (50% owned by The
estimated at $10,500,000 for the year, after
charges.
Arabian American Oil Co., also 50%
owned by Texaco,
estimates net profit of $3,600,000 for the year,
after charges and taxes.
The Texas Company's equity in the earnings
of these companies Is not reflected in the financial statements which
accompany the report.
*•
.>
3,795,705
57,524
3,775,000
514,377
671,389
283,614
for
of The
Earnings
Texas
$7,422,554
45,014
340,617
39,816
$669,305 '
_—
Operation
rubber
synthetic
Mos.—1945
1946—12
1946—Month—1945
3l—
Operating, revenues
which is owned
of the stock of
produced enough butadiene fn 1945 to supply
than 20,000,000 tires for passenger cars.
A
rubber
plantation' of more than half a million acres would be
required to produce an equivalent amount of natural rubber.
by The Texas Company)
Electric Co.- -Earnings—
Tampa
(30%
Neches Butane Products Co.
gas.
19 ap¬
■
has asked
company
been
taxes
'
The
;
Jointly owned by the company and American Cyanamid Co., has
acquired a plant site near Port Neches, Texas, and contracts have
placed for building a large chemical plant there.
The company
is also a part owner in Carthage Hydrocol, Inc., organized in 1945 to
commercialize the manufacture of high-octane gasoline from natural
Co.,
Increased— VY-Y•,/
General taxes .—:,
share
'Stock.
facturing
an
Period End. Jan.
but important peacetime projects are now being
and new ones undertaken.
Activity in the field of manu¬
chemicals from petroleum continues.
Jefferson Chemical
effort,
war
expanded
amendment to the company's certificate of incorporation
'to provide "for an additional' 600,000 shares of common stock.
Pres¬
ent authorized capital stock is 3,500,000 and at Dec. 31, 1945. there
were
issued
and outstanding 3,446,840 shares of
common stock.—
:.v. 163. p. 822.
/
•
V"
v.-.
common
closely allied to
company's research during the war was
Most of the
the
..
meeting held on March
their annual
at
stockholders
proved
stock of the corporation in the ratio of one
"of
common
Stock
for
each
share
of
convertible preference
Upon any such conversion, no adjustment or payment on ac¬
^into shares of
163.
The
April 20 next
on
■
period,
dition"
vote March 28 on a proposal to increase the
stock to 500,000 shares from 320,000 and to create
issue of 80,000 shares of $50 par convertible preferred stock.—
p. 947.
o-y1
;
Sun Oil
«
10,000
Ahares
of
its
outstanding convertible preference stock at $33 per
.share and dividends.
Payment will be "made at the Commercial Na¬
tional Bank & Trust Co., 46 Wall St., New York, N. Y.
;
Shares; of convertible jJreference stock called for redemption are
convertible,* upon surrender to the corporation at any time prior to
the close of business on the day next preceding the redemption date,
The
new
a
■
Redemption—
Standard Cap & Seal Corp.-—Partial
,
The report states the company was
gasoline during the war.
the company for making 100gasoline and other war products will be used in the postwar
according to the report.
The company is in "excellent con¬
to continue to manufacture products of the highest quality.
octane
authorized common
continue
to
permission
'
by amendment.The stockholders will
filed
operations with a payroll expense
of $13,500 and operating costs of $7,100 for 30 days,
Until August, the company manufactured electrical assemblies for
Jthe Army and Navy.-*-(Hartford '.'Daily Courant,")
1 \ .
He
.
anticipated
over
years
war
sharp decline after
One of the
the 1944 total despite a
approximated
end of hostilities.
the
largest suppliers to 100-octane aviation
Much of the equipment installed by
95% of the company s production was
war
work mostly under contract with the Army and Navy
in radio,
radar, telephone and sound equipment.
Sales reached a peak of $oo.101,940 in 1944.
Net profit in 1945 was $708,962. The dividend rate
on
the proposed convertible preferred and subscription terms, will be
the
During
J
'to him
City
Radio
produced
including Ho-he^tei
transmit¬
for certain
construction projects,
building and equipment and new broadcasting
ters, and to augment working capital funds to finance
increases in inventories and receivables.
penditures;
in
petition in bankruptcy filed
a
District Court at New Haven,
States
FINANCIAL CHRONICLE
[THE COMMERCIAL &
Number 4475
163
acct.„
paid
•
28,111,650
28,079,673 21,767,920
21,751,252
stk. (par $25)
11,224,660
11,244,660 .11,186,279
10,875,626
Earnings per share
$4.61
$4.85
/ $3.83
$3.22
tlncludes excess profits
taxes.
Jin addition, State gasoline and
Federal excise taxes were paid (or accrued) to taxing authorities In
Dividends
Shs.
company.
Stedman Bros., Ltd., Toronto—Plans
Split-Up of Com-
go
'
Stock—Preferred Issue Redeemed-
xnon
The shareholders on March 30 will be asked to approve
split-up of
one
There
the
no-par
a
stock.
■
t
outstanding 102,792 shares, cf the 120,000 au¬
shares.
All but 107 of the 6,000 outstanding
preferred stock
;
6%
($50 par)
foV-one basis prior
were
to redemption
on
converted into common on a twoOct. 1 last.—V, 157, p. 902.
,
to
>
.
,
-
$1,000.00(1
A
.
-
v
.
urogram
plant
of
•
/
.
improvement
J
-
in
Report—
Cash in banks,
'
-
m
:
$54,516,819/';"
U.
S.
and
in
$86,511,999
1944,
at
Materials
1944
1945
in transit and on hand:
accounts
Government
♦Crude and
dise
$95,655,651
■)' 4,364,335
64,259,962
12,000,000
84,095,514
-
receivable (net)
—
securities
short-term
85,475,944
3,904,040
44,562,422
36,487,558
*
—
countries——
In foreign
•Notes
1945,
'
in United States-
:;
in
1942.
CONSOLIDATED BALANCE SHEET, DEC. 31
assets—^
•
«
Thp 1P4Pi net nrnflt. pomnarM with the 1Q44 net. nrnfit, nf
t
$115,766,016
$99,909,544 in
and
^
'
net profit of the company and subsidiaries, excluding
subsidiaries, for 1945 amounted to $51,856,928, or $4.61 per
deducting all charges, including interest, depreciation*
^."President,
of
amount
1943
-
ramortization, depletion and taxes, including Federal income taxes.;;
The company's annual report to stockholders was released March 18
i by w. S. S. Rodgers, Chairman of the board, and Harry T. Klein,
v -.-" .y •
and new construction
provide additional manufacturing facilities for the Chas. H. Phillips
Division was announced on March 20 by James Hill. Jr.. President.
Under the program, a new plant will be ererleri ftf>rriiifnnrt.
Miss.
A
the
White,
Inc., 10,000
after
share,
Co
53,172 shares;
Consolidated
E
European
Sterling Drug, Inc.—New Plant for Unit—
,
Securities Corp.*
.
/
Texas Co
;o.—Annual
common
<
53,172, shares; .Mellon
^eld & Co., 18,100 shares and the Central Republic Co;,
w
if* i
shares.—V. 163, p. 320,
-
four-for-
common
presently
are
thorized
The the selling from the sale The 134,444 shares ofthe First _would
Pro^eds stockholders. of stockholders are common Boston
to
Corp.,
cap.
refined oil produced and
merchan-
,
■•;.*
.
supplies,
at
10,675,122
; 2,994,948
2,821,395*
6,759,961
4,068,876
80,103,558
cost-L:——16,278,897
properties-—
^
'
84,662,956
13,921*177
9,306,396
cost_«——-—81,069,981
and
,
companies oper¬
ture
with
64,000
sq.
ft.
of floor space,
facturing operations are scheduled
:
will begin thi3 summer.^
v
»
1945 was $186,332,038; total current assets
858,706, against current liabilities of $80,526,668.
Manu-^ of
to start before the end of the year.
amounted to $266,• •,
'■
Company payrolls totaled $91,364,276 in 1945 compared with $85,'Production at Gulfport," Mr.
Hill said
"will serve the Southern 'dp- 058,352 in 1944.
Number of employees at close of these years was ;,
States and Central and South America.
Production at Glenbrook will
/ • 32,641 and 28,733, respectively.
The report discloses that the average
continue to meet the expanded needs of the rest of this country."
monthly earnings of the company's employees in the United States
Work has already started on the Glenbrock addition.
,
,
Phillips' "Milk
of
both
Magnesia,
liquid
i M-O, a combination of milk of magnesia
lips' products will be produced later.
be
through the company's branches
southern
and
tablets,
and mineral
'
Distribution from Gulfport will
Atlanta, Houston and other
points.-
Major Frederick Albert Tilston has been appointed
-■
;
:
and on Haley's
oil.
Other Phil-
in
New Vice-President of Canadian Unit—
;
•ARirfpnt.
Vice-President"
represented an increase over the. average employee earnings in Jan-H.
uary, 1941, of 52.8%, as compared with an increase in living costs'
v over the same period as reported by the U. S. Stabilization Director
v of only 33%v . •
/• . "
ddd..
Discovery of new oil fields by the petroleum industry in 1945 was •
"disappointing," the report says.
New oil discovered during the year
i' Was in large part in new sands discovered in old fields.
New pools,
•
:
exceptions, were relatively unimportant.
Major additions to reserves were through reappraisal and upward
revision- and
by extension
of the productive areas in previously
discovered fields.
Domestic production of crude oil and condensate
set an all-time
have-declared an initial quarterly dividend of 13%
share on the new cumulative convertible preferred stock,
1 to holders Of record March 15.- They also declared a
regular quarterly dividend of ?y2 cents per share on the common
stock, payable April 1 to stock of record March 15.—V. 163, p. 1035.
'
payable April
«
per
Stromberg-Carlson Co.—Registers With SEC—
•;
The
company
""
ment
covering
on
March 19 filed with the SEC a registration stateissuance of 67,731 shares of convertible
the. proposed
preferred stock ($50 par).
The First Boston Corp, is named as the
principal underwriter.
'
*
The
company,
a
leading manufacturer of home radio
receiving
.
r
i
*
<
telephone switchboards, instruments and sound equipment, proposes to offer the convertible preferred for subscription by holders of
the oommon stock for a 15-day period commencing on or about April
sets,
10.
1946.
AccordiiTg 'tc
.
use
the
shares
the. registration' statement,
the company - proposes7"to
proceeds from the financing to irodeem" the outstanding 3,124
6%%
preferred stock; for reimbursement for- capital ^ex-
of
Improved techniques for finding oil, more
equitable prices to encourage exploratory* drilling, and the discovery
of
important new reserves, the United ^States must become a sub¬
stantially larger importer of petroleum.
It is
pointed out that present gasoline stocks in the nation are
increasing rapidly
and
that some decline in
gasoline prices has
already occurred.
Other factors influencing the price of gaspline are
the decreased number of cars in operation, slow-ups in the automobile
industry
because
of
strikes,
curtailed
government
purchases and
development
directors
cents
high, but the industry produced this enormous quantity
by forcing production in many of the major fields at fates in excess
of
those
generally thought to be good practice.
The company re¬
iterates its conclusions, stated in previous i»r6pofts, that without the
Sterling Engine Co., Buffalo, N. Y,—Initial Dividend
The
•
••Investments
;
of
new
and
.
.
increased refinery capacity resulting from wartime
expansion.-
-
company's domestic gross crude oil production for 1945 was at
high of 100,957,670 barrels, the report shows.
Gross
additions to the company's crude reserves in the United States Just '
The
the
all-time
about
equalled
made to
Texas
withdrawals for
large natural
Texaco's
and
Crude
the
gas
California.
runs
to
stills
year.
Substantial additions were
particularly in Louisiana,
reserves,
.
totaled
123,660,819
barrels
compared
With
barrels In 1944.
While company plants were in actual
the daily rate of running was higher In 1945 than in
shutdowns due-fto'strikes "resulted in the 1945 decrease.
Total
125,585,400
■-operation
1944;
gasoline" production-reached
an
all-time
high
and
aviation
gasoline "
in
and
advances
to
companies
:
;
y,
not subsidiaries
31 192 750
cost)—y—j——31,553,713
plant and equipment
398,787,324 431,780,674
operating in U. S. which are
(at
(illProperties,
787,620
§§Patents (at cost)-L
I"
Deferred charges:
■
Prepaid insurance interest and taxes-———
. Drilling costs on incomplete wells-—
- other prepaid exps. and deferred charges—
1,737,121
3,782,782
2,554,462
" ' ''
1:4-.
'
879,577
987,596
4,460,490
3,707,575
" "17771771
T0tal;7l-7—833,853,650 833,532,968
LIABILITIES—•
with few
nf
of
Sterling Distributors, Ltd., Canada, a subsidiary. Prior to joining the
Canadian Army, he had.been associated with the Sterling organization
for 11 years. From 1931 to 1936, Major Tilston was associated with the
Bayer Co., Ltd., . eventually
becoming Sales
Manager
for
western
Canada. From 1936 to 1941, when he entered active service, he was
Sales Manager for Canada of Sterling Products Ltd.—V. 163, p. 1482.
'
:
This 1945 earnings rate
facturing operations at Gulfport ..will be concentrated on / during 1945 was $269,. and $266 in 1944.
fdd
■<i
consolidated—
yjrC; §Companies which are not subsidiaries-^— 107,361,890
>
-
ating in foreign countries:
flEuropean subsidiaries not
"
7
10,048,195
Construction advances payable to U. S. Govt,—
Notes and contracts payable
———Accounts
Accrued
tiProv.
.
3,663,093
'payable—u_—_77--—-
liabilities*.-/.——„——;—7-7
——
for Federal income, excess profits and
26,897,685
23,992,623
—1— ": 4,680,411
11,244,660
undistributed profits taxes
-———7.-—-
^
Dividends payable.
,
12,432,416
5,439,756
30,407,522
27,826,280
5,930,710
5,622,289
114,498,906 124,600,469
1,008,112
1,003,285
^11,761,754 13,051,381
2,139,851
2,045,779
For contingencies
————-——
26,000,000 31,000,000
Capital stock (par $25)——————— -281,116,500 281,116,500
Canital
surolus
————-- —
77,669,213 77,669,213
Earned
surplus—--,-------—239,132,646 215,387,368
debt--—,—Deferred income and suspended credits——Reserves—For benefits under employees', pl^ns^
For foreign exchange fluctuations-----———
Long-term
—
-
-
833,853,650 833,532,968
Total
1945 and 1944. tAfter
elimination of intercompany and interdepartmental profits.
JFigures
shown are after reserve of $250,000 in both years.
SAfter reserve of
$26,300,000
ih' 1945 and $28,000,000 in 1944.
ftAfter reserve of
$6,300,000 in both years.
•♦After reserve of $1,300,000 in both years.
ttUnder agreements with certain U. S. Government agencies,
ttAfter
U. S. Treasury tax notes of $24,620,000 in 1944.
ffflAfter reserves for
depreciation, amortization and depletion of $501,187,306 in 1945 and
$428,923,676 In 1944.
§§After reserve for amortization of $1,757,407 in
-1945 and $1,745,573 in 1944.—V. 162, p. 1440.
♦After
reserves
for bad
debt of $650,000 in
1616
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 25, 1946i
Texas Electric Service
There is
Co.—Earnings-
doubt, he added, that the present demand:for textiles
will continue for a lengthy, period, both irom domestic and
foreign
sources.—V„ 163, p.- 1484.
"
:
-
Period End. Jan. 31—
Operating
Operating
Federal
revenues
1946—12 MOS.--1945
•
.at .which .the
___
United Corp.—Annual Report—
.
prof, taxes, • etc——
•Special deduction - u—u
Prop,
and
Prop, fetlr.
•
221,159
254,816
3,620,931
Cr2,612,349
taxes-
78,562
71,362
920,080
approp.
62,500
83,333
729,167
other
res.
——
2,541,548
•
1
„
——
INCOME ACCOUNT FOE CALENDAR YEARS
.
Income—
843,973
1,000,000
1945
•
Dividends
1944
$3,068,069 t$5,624,773
Int. from U. S. Govt.
'
'/
securities—
income
(net)—l
income
Gross
.Int.
Int.
$5,932,730
34,334
5,128
serial
on
of
$414,948'
bonds—
mtge.
on
Amort,
<v
$309,355
$3,559,126
V;
41,250
notes——
debt
disct.
$314,483
$5,967,064
140,542
-
$3,610,014
plant
Other
\ 4,206
1,686,500
Current
/■/
6,635
38,051
.///—
1,972,228
and
to
19,148
deducts.
'.V
79,622
income
fNet
$342,951 ; $161,957
appiic. to pfd. stock for period————
98,476
Cr4,337
$2,753,097
375,678
2,095,779
United
discount
the
special
fe:
and
($1,955,031
amortization
Texas Gulf
expense in
of such tax
■
benefits
charge).—V.
it Was
v.
1954. with
1,
announced
prnf.ppHc!
nf
163,
with
refinancing
having
1482.
p.
$1,916,110, which it
Suppiy Co.! $496,000 to
Guaranty,
a
12.
The
interest
borrowing have been used
"for
by
and „fhe
used
to
purchase
by ~
the
repay
remainder
balance
to
be
of
Ohio
Fuel
previous
note
held
working
The
haent
is
company
for
shares
the
of
its
with
the
SEC
preferred
26,710
registration
a
stock.
shares
of
Z.
1945
./
The
V.-!
Total
3
and
July
14,
25
cents
;
,
...
•
1944
"
special
stocks
;
,
, -
in
.,
1949
Oct.
- ,
.
.,
.
.
15,
>'
meeting
Jan. 24 stated,In part;
on
;
'
>
'
)
i
.
held
charter, amendment
a
share, cumulative at the reduced
and granting the holders of first
share
of
first
preferred
stock
rate
and
on
preferred
after
stock
Oct;
1,
fo?
vote
one
held.
and at such
prices
they may deem
as
$2,591,656.
revenues,
oper.
of
The
equipment—
1942
7,010,820
5,737,896
144,300,152 137,571,730 125,863,402
22,819,196
21,755,372
20,279,255
Other
inc.
Fed.
at
exps._
&
exc.
11,852,758
10,332,894
7v
With the conversion of one tank
at the Streator,
I1L, factory to the
of amber glass, this
company has enlarged its amber pro(duction in a special effort to
supply users of this type of glass con¬
tainer in the Midwest.
The new ooeration
began" early in 1946 and
i/ist already servicing many accounts in that area.
1
ia This is the second amber tank now in
operation for Thatcher.
The
pother, started in August
was
14,211,779
'
}
$'20,635,871
on
2,665,866
13,947,666
13,298,950
'
or
the
1st
in
of
excess
cost,;/' !V.
preferred stock
a
first nine months
and
INCOME
dividends
ACCOUNT,
YEARS
ENDING
DEC.
——,—$1,192,334
Interest
dividends——
as
/
1943
$1,184,360
59,021
rec.
31
1944
Total
108,617
156
income
'
'
$1,252,983
-..
11,256,549
7 Expenses other than taxes—-
X .7
trans-
$1,292,977
155,338
201,980
7,Oajp|tal stock and other taxes—•
11,451
„
134,40-7
v
-J"
$1,370,843
157,821
,
12,656
>
r
f
$1,236,441
V
10,869,345
7,756,319
2,187,125 7 1,861,623
12,931,162
Se¬
secur¬
were paicl at
$4.50 per share
total of $5.62'/a per share for the
year.
the
:
Cash
;Securities
10,807,443
969,018
—r_
from
dividends
year
months,
42,526,202
—
charge)
inc.
•77;r'v:''
International
A dividend at $8 per share was
paid on the second preferred stock
.which constituted payment in full of all
dividends accrued on thia
1 stock, including
arrears, to Dec. 31, 1945. These 1945 dividends aggre¬
gated $1,341,481. The reduction in the annual dividend
requirements
»on the first preferred stock
resulting from the reduced rate and fronj
ietirements made during the
year, amounts td $369,723.
94,219,700
60,600,000 118,000,000 103,000,000
prof.
11,114,294
Federal
(net
&
$707,275,
investments
During the
9,600,000
ities—
Net
States
market
the rate of $6 per share for
for the last three
V 5,148,257
•
10,006,674
Equip. & joint fac. rents
-Increases Amber Facil-
United
129,591,288 191,631,164 180,200,162 134,025,413
retirement
Other
in
indicated value based on underlying assets,
market prices at cost of
'
unemploy. ins. &
'
the
public offering./ Any v
working capital.—V. 158, p. 1077. i;
at
^corporation's
V/
over
Taxes—State & countyFed.
investment
-
and all other
quotations, the net assets of your corporation
had an indicated value on
Dec. 31, 1945 of approximately
$55,148,678,
which
is
equivalent to approximately $373
per
share of first pre¬
ferred stock.
As of Dec.
31,
1945
the
approximate value of the
securities
v
491,877,872 506,590,966 480,274,934 353,064,543
69,794,445
63,195,849
66,153,251-: 45,570,297
117,834,077
85,426,030
82,040,969
59,889,098
Transportation
Revenues
the
curities Corp. at its
ities without quoted
YEARS
1943
'!.Traffic-.7,538,714
an
redeemed
$103
a
share
with
funds
realized
from
balance of funds would be
applied to
.
each;: and
shares
.
Manufacturing Co.-
.
—
of way & struc.!
"Maint.
state-
opportunity to exchange such stock for the new preferred on a sharebasis, with an adjustment of dividends.
<. *
"
The remaining
13,290 shares would be offered to the
public at a
•price to be supplied by amendment
by Kidder, Peabody & Co.^ and
Rauscher, Pierce & Co., Inc.
Any share of the outstanding preferred i:
./ stock
not tendered under the
exchange offer would be
Thatcher
,
1680.
p.
amounts
;
..
vfor-share
•
Jan.
162,
7<". Calculating
1945
•"
company
7%, preferred
on
,
advisable,
all .shAres, so purchased to be
retired.
In accordance with the fore*
goirig authorization, this corporation
acquired during the year 24,721
shares., of its first preferred stock at a cost of
Z//Z
•
CONSOLIDATED INCOME STATEMENT FOR CALENDAR
"Maint.
filed
of
provision
tNo
•/"//'/•/•'■
':•/'"
share
per
directors have authorized the officers to purchase for
accounts
of
,|ha> Corporation shares of its first preferred stock from time
tqi
such
RR.—Preliminary Annual Report—
"
cumulative
holders
Co.
cents
The
securities
——
\
March 20
on
40,000
offering to
Electric
;,/,_
31,
1945;
each
-
Tex-O-Kan Flour Mills, Co.,
Dallas, Tex.—Files New
'
Philadelphia
profits taxes.
excess
20
f*
•}'
.
on
Oct.
15,
1945,
the
stockholders
reducing the 'authorized "first preferred
stock
from
250,000 shares to 172,319
sharW, reducing the annual
dividend rate on the first
preferred stock from $6 per share to $4.50
"
'Sfr
'
of
a
per
capital stock of
on
2,018,740
on
received
'
capital.—
"
.
stock
common
received
$2,422,488
^ .,v;//Z
• <£,,■// 'v-'.V
J'-'-'^'•''V?Z,ZyZV---.$i ' -Z-'-Z'/
Opec revenues—Freight 355,546,158 377,242,608
357,590,629 282,241,763
)/, Passenger/////—s—'
96,370,042
91,571,985
86,742,472
45,793,903
Mail
8,800,412
8,617,088
7,591,031
6,209,044
Express
8,642,900
7,572,965
6,948,722
5,606,470
Other —"
22,518,361 21,586,322
21,402,079
13,213,363
company
of
to
7,466,097
•
Union Pacific
/•
the
shares
a
added
$3,553,145
2,488,699
of
-
class
Ernest B. Tracy, President,
adopted
*
.
2,/2%.
reimburse
10,119
$3,948,799
3,110,874
'
U.:
■
.
■
r
is
rate
to
$5,015,873
$606,622
dividend
a
'
com*
'
common;
follows;
as
cents.—V.
At
'
2,429,398
and
declared
owning
..
United States •& Foreign
Securities Corp.—Ann.
Report
;;
22,896
35,284
$2,682,575
Co.
have
and
the
-
purchased were retired and the excess of
(at cost), $5,099,900; total, $108,352,854.'
:
$119,556 of • the
/,/ cost over the
capital value of these sharer, was charged to
LIABILITIES—($3 ,cumulative preference stock, stated
capital
yalue .$5), ' surplus .account.'• •'J
$6,073,496; common Etock (14,529,491 shs. no par, stated value $1),
7
\7,77
77' Oh Dec. 31, 1945 the indicated value of this Corporation's investment
$14,529,492; accrued taxes, other than income tax, $26,496; Federal
in United States & International
income tax, accrued,
Securities Corp., based on market
$142,350; capital surplus, arising from reduction
quotations for underlying assets Was
of stated value of
approximately $14,310,800. Pur-*
preference stock, $54,661,463; capital surplus, $26,ing the year the board of directors authorized the
447,220; earned surplus
restoration to oper-*
(subsequent to June 30, 1938), $6,442,427;
ating surplus of the amount of
total, $108,352,854.—V. 163, p. 1203.
$9,504,028 previously ^transferred to
vthe reserve against this investment.
•'
'/j///////'////
;V. 163. P. 1203.
Preferred Issue—
286,058
249,894
dividends of
"A"
of
...
.
by
offset
been
of
ernment
from the Guaranty Trust Co.
equal monthly instalments of
$26,000;
final payment of $30,000 on Feb.
1, 1954, L
March
on
the
<
ASSETS—Investments in stocks of corporations (indicated market
/ value, $111,699,054), $97,576,784; cash in
banks, $5,676,170; U..S. Gov¬
company has borrowed $2,500,000
New York,
repayable in 95
bach'to Jan.
15
$4,101,956
J
{
special charge in amortiza¬
a
connection
Producing Co.—Bank Loan—
v;// .The
/of
$4,518,048
;.-~284,071
322,020
Improvement
.
directors
class
were
.
239,857
.
BALANCE SHEET DEC.
,
debt
2,630
.;t
■
//'/
20,933
Dr233,115
.
36,718
142,679
paid—
special
required for
tax benefits from participation with
parent in consolidated Federal income and excess profits tax returns
"and from refinancing by the
company.
i. V.
./;;• v
V
tComputed without regard to the net effect thereon of the extraord¬
of
'
,
'
tax
__
divs.
Gas
shares
non-recurring
inary non-recurring tax benefits and of
income
tlncludes
1,749,753
26,438
inc.
$1,374,075
income
company
$4,332,441
2,116
books
163, p. 1483.
"B" common
stocks, par $1,rand the; usual
quarterly dividend of $1.75 per share on the
7 Ve
preferred stock, par
$100, all payable April 1 to holders of
record March 20,.' Like
amounts
.were disbursed on Jan. 2, this
year.
i
;
». -•
Payments on the class "A" and: class "B"-
inc.
Preferred
$1,749,753
375,678
$2,377,419
the
1,093
<>.
-
$5,636,441
T 261,831
319,577
;
——
tProv. for Fed.
Net
127,111Cr6,667
———
*Extraordinary
——/
other * than
Taxes
►
172,336;.
5^349
^ : 5,556
construe.-
Balance
tion
•
The
the
.
'
acquis.; adjust-
int.
Divs.
t
V.
—
$3,171,269
expenses
taxes
1,837
chgd.
Net
V
•'•'/'/-■
•*_*—
Total
910,908
v,
Prov. for amort, of util.
Int.
securities
,
&
expense
;
Profit from-
"
50,888
the
on
,
103,200 "
10,575
investm't '/-'M:
v,,'.::
■
'<*'■
$413,812
1,136
oper.( revenues-
Other
f
$4,494,999
•'
—
'/
,,
V1942
//,"
-
nf' Net
;
1943
carried
United States Foil
Co.—Dividend—
'
.
'
'
are
'
,
"
excess
securities
panics is set up here to
balance.'—'V.
'/
$1,239,089 $14,881,731 $13,920,389
508,551 : " 520,223
6,291,172
5,975,742
'
expenses
income,
1946—Month—1945
$1,284,584
—
little
18,190'
,,
,
tation
production
1
For
.
new
flint
maintained
t
at
each of
amber
facilities
operations, flint
a
high level.
the
.and shipments
of the
first
were
have
glass
been
made
container
163,
for
1482;
p.
available
production
*
by
.J Interest of l«/4%
adjustment
on
will be paid
mortgage
surrender of
on
Int.
•
been/;
50-year
5%
c
income
"
*
on
Third Avenue
:
the
Third
reported
?
1960,
—
'f!
Ry.,
of
the
15
first
predecessor
outstanding.—V.
163,
About
company.
1203. ■
p.
bonds series A, the latter
dated Feb. 1, 1946.
issues
consist
$17,100,000
are
of
and 3V2%
;The
sinking fund
3%
and
Act,
bonds
to
mature
1932
Executor
may present such
full redemption
the
163,
tfi Tysott
1483,
p.
_
amended
price,
plus
states
that
'
directors
Production
and
the.
payment at any
accrued interest to
of
committee
Corp.;
time
and
April
Ohio—New
to
of
^Director
<7M»h&Ia«drm6'
m#mber-;of"th^^oard
serve
as
director
13,337,460
17,331,095
24,610,730
17,974,074
Common
Earns,
in
shares
per
•After
000
net
all
1944
com.
share.
$174,000 in
*
.
adjustment
of
a
and
1943
632 388
$0.76
$0.80 /
tExclusive of $133,691
1943
of
575 174
company's share
in
of
1945,
$1.06
$165,-
undistributed
..^Includes-$359,707-prior
foreign subsidiary.
period
Schwab, President, revealed that one cf
company's larger subsidiaries (Cohn-Hall-Marx Co.)
recently received the first shipment of
Chinese raw silk made to
this country
'sipce/Pearl Harbor.
Because
sLk textiles can be
used for making ft wide
'Variety of merchandise Mr.
Schwab said he looked
would be made on a
forward/10 pddltlqriif shipments, which'he
larger scale.
*■
-
.
•
felt
:
*1944
Material
an(J. supplies
current
assets
-
■-
Deferred"-assets
Unadjusted debits
/
::./. Total
Z
_
/
—
Due
to
matured
'
Divs.
-o
-
matured
coitrinon
'"'Taxes
Other
unpaid
stock
payable )__J'
accrued
current
Paid-in
■V*
II"
—I"
liabilities..^—.
surplus
;
iund
.
against
/; -...povprnment
Earhbd'
tBalance
••
/
reserves
possible
Prov.
12,904,36113,558,354
860
2,586,479
r-
STZ"'
of
•
7,522,281
for
years'
not
—*
tain
securities
•Loss.
:
value
of
sucl)
.
10,940
1
j.
In¬
.
not
141.801
$lyi7jT'073
;
-/
9,724
',
-i;4;044
/;*"
60,750
$1,053,927
_•:v 1
.
u,076
,
$977,656
Federal
$1,392,419
139,258.
4,643
/
"
'
>w'^42
$977,656
$1,063,651
$l,lSSSl5
2,032,465
♦1,258,516
nt^l,T53
Cr3,522
lQ$*4;'83Q
——
investments
respect of
cer¬
in-.
As
As
on
; $3,010,121
1st pfd.
approximate
1945
191,343 *$ 11,430,373
—
.
appreciation
indicated--* value
31,
$
"...
(
Dec.
at Dec.
♦
stk.___2,818,778
/'
the
at
——u—
J
NOTE—The
„t,
tAs this consolidated balance sheet
excludes all inter-Company items,
the,Lqs Angeles & Salt Lake RR. and The St.
Joseph &
Island .Ky. owned by other
system
face
64.48S
.
./
1,265,011
taxes
—
Dividends paid
the
securities nf
are
of
*
from
book
i.Vri
...
value
!
/
■
securities- ownedwas:
$14,230,030
-
31, 1944——
6,032,840
—^
——
included.
securities
Change
as
carried on the books, of the
issuing companies (less unextinguished, dis¬
the bonds and discount
charged to earned surplus-^-imappropriated, but added back in consolidating the
accounts) and the'amounts
/"■•'
v
$1,316,994
2,644
..,
39,570,170
companies
,
stock//":
/f/'
54,964
.
required-.—^
Reserves provided in
314,661,881
39,570,170
,v
■
wl)tcia
1'vii.vf.v.——;
1945.
and
■
$1,207,404
3,351
$1,122,545
/.
140,246
Income
Net realized profit on
9,1.40,980
'
'326,872,571
/;
indicated
an
-';
•
.11,852
income--—__1
prior
taxes
Total
50
''
1,287,117,897 1,323,892,427
par
*:. /
,
dividends_-__ /
as
Federal
est.
come
"Resta,ted to make figures
comparable with those for 1945 because of
count on
for
2,358,999
,
S.
reclassification of various accounts in
conformance with orders of
Interstate Commerce Commission
effective in
the
,
$1,107,341
Total' profit
between
:
•
'
Grand
account.'
—
,
received
Balance
860
28,522,352
Total
difference
reserve
Capital stock and other taxes—:
7,838,681
29,932,043
shipments—
liabilities—
$14,310,800),
etc.,
,
Expenses "and ~ taxes—^.-,/—
44,868,799
13,925,408
...
expenses,
International Securities Corp.—An-*'
dividends
Prov.
surplus—unappropriatedof
&
139,535,275
.
U.
approximately
accrued
3,752,635
50
on
States
Interest
;Z~"
Inc. & surp._
refunds
value
taxes,
■
Cash
28,522,352
'
for
//INCpME ACCOUNT .FOR CALENDAR YEARS
"V-/" v.*
'-y;i945 '•. ?;/ ,1944 ZZ v'T943'
4,535,297
49,864,656
8,135,337
bettern>^:__
nFPpdea debt.retired thrqyg)x
The
(indicated
first
special
7,497,394
■•3,767,573
78,122,648
Zv_ZZZZ"Z
^
surplus—apprbpfi^d:
Sinking
the
;
Securities
insuran^j_.ta__-._:__.~^I2"Z'
unadjusted credits
/ ;;; :■///,Z
Earned
cost
the year dividends of $13.08 per share were paid on the
preferred stock.- These distributions, constituted payment in full
all dividends accrued on this'stock, including
arrears, to Dec. 31,
1945.
The
payments
aggregated
$3,128,736, of which "artiount $2,
818,778 was charged to operating surplus and $309,958 Was charged
373,252,259
•!
(incl. int, due)__
(incl. /'dividend
on
$18,410,44i ./r
1945
During
•/ 99,591,581
"366,315,157'
5,413,754
4,672,478
companies--—.//—I-ir
unpaid
31,
first
•
affiliated
Interest
222,302,500
DECEMBER
'of
to
222,302,500
/ 99,591;581
Preferred 'stock'
f-'Funded debt
^
77,228,069
1,287,117,897 1,323,892,427
stock
'
value, based on market quotations, of approximately $38,772,869,
is equivalent to approximately $162
per share of first preferred
36,767,476
LIABILITIES—
Common
indl«
$2,225,430
.
L/IZ
SHEET
.
200,000,000
30,099,185
2,314;376
Corporation
nual Report—
; *
'
Ernest B. Tracy, President, on Jan. 24 6tated in
part:
// On Dec. 31, 1945, the net assets of this corporation had
39,902,445
1,368,886
cumul.
United
yyr
''IL.
937,580,875
3.4,733,653 s
59,496,024
25,896,689
:
g '
the
$15,325;
preferred stock (outstanding 147,598 shares of nd
$14,759,800; $6 cumul. second preferred-stock
(50,000
shares
of
no
par
value), $50,000; general reserve (set up out 0$
$5,000,000 paid in cash by subscribers to second,
pi'eferred stock),
$4,950,000; common stock (985,000 shares of no par value), $98,500;
tCapital surplus, $888,397; operating surplus (Including results of secu^
rity transactions), $13,766,111; total, $34,528,132.—V. 162,
p. 2313.- .
DEC. 31
.884,791,871
f;
70,830,774
210,000,000
Temporary cash invest. (U. S. Govt,
secur.)
948..el?/--C
1944
1,264,772
earnings of unconsolidated companies.
■tax
1945
$0.29
charges and taxes.
and
of Pqm .HuVdf
184,544,344 t$3,049.000 t$3,083,000
outstanding—
etc.l__._l
250,000
in
value),
par
equipment,
value
$34,528,132..;,/'"//:
$4.50
Cash
and
Manufacturers, Inc.—Earnings—
•
curities
Corp., at
$9,529,029; total,
<
'..'I;',
road,
book
f
was:
ASSETS—-Cash, • $1,001,790; dividends receivable, ' interest accrued#
etc., $78,601; securities, at cost (indicated value approximately
$39,772,812), $23,918,712; investment in United States & International Se¬
26.14
shipments.'^
Reserve
earnings—
•
$682,309
1,033.914
300,000
194!y-«.^,-.—r-———'-rr——^ 2Q,633,87X
LIABILITIES—Reserve
GENERAL BALANCE
SHEET,
Other
Dec. 31,
BALANCE
44, 764,800
'
14.09
s
918,500
284,873
-
1,033.914
v
Change in this item J
13,337,460
'"/Deferred' liabilities
'tvReservs-fbr fire
Andrew Dal^treiai-,#^ Part^^oL-'- the. firm
Beichmann,
hakj1 been^ dlrb'ctcrl—V.
6 Months Ended Dec.- 31-*—
I://
1945
of
■
„
♦Consolidated
■
941,487
400,000
appreciation from
securities owned
58,102,260
17.07
1C«
United Merchants &
31,311,534
ASSETS—
initial .quaiitcrlyrrdlvidend
stock,- payabAei-.Mai'eifi-iS81 to
v
37,948,190
13,337,460
,
,
3,981,724
30,668,555
,91,90L
United States 6c International Securities
at
U '
-1
3,981,724
13.80
C-ther
-TP
in
As
j
3,981,724
stock-
stocky*.-
approximate
of
;
4,840
■
$2,136,644/$1,216,884
preferred
pfd.
$1,315,930
.
31, 1944 (reduced by $9,504,028 -to reflect the
subsequent change in the book value of the investment / :
y
,
■
13,337,460
Investments, in
.for
UARCO, Inc.—Initial/ Dividend-
------
10,000,006
.
value
$1,124,983
-
As at Dec,
■
/
,
15,
a6cordin»«t6i JdhnT;K? C^igkte
latter :c$>(npany^Vi'
iy«^Vi!«:16l, p^4.923. -&W^- ^ .WOOhlU
|ii^
second
,
£4
cpm.
,
'1
retired
Director--■
has beea named
for,Tyson; Beaming
on
outstdg.
•
163, p. 822.
//,^ /v/.//-/;
executive
first
/. Dividends
7;.7/^7.7./,
^3,981,724
-
lnvsts.^„^ / 1,092,252
on
on
.
-
on
Un
.
Dividends
'
,
Trustee,
companies
for
bearing Corp., Massiilon,
W- Brown» recently
7 /Wright Aeronautical Corp.,
.^.Dhairman
debentures
..
■rip'
of*
45,293,259 ' 62,083,985
reserve
121,099
i$1,039,552
NOTE—The
stock:—
on
ernment
Co.' In the opinion of counsel
these
in which the Canadian and British
Insurance
(Dominion>v;as
;
7
$1,124,983 * $1,194,83-7 /
\
inc. tax.;
provided for est, loss
Invest, in Credit & Inv, Corp.
cated
41,929,914
Fed.
Total
Cr859,020
a
prior years'
Profit, carried to surplus
13,373,932
5,004,781
4,201,439
364,048
of equipment—.
42,752,830//14,965,036
13,869,226
12,087,724
tReleased from "reserve against
possible refunds on TJ.: S. Gov¬
;
$75,000
;;
Ho.ders
1,025,085
1,746,467
7 ' $1,039,552
required
liquidation)
Net realized profit
Maint.
serial
has called for
redemption on April 15, next, at 104
t 0nd interest, all of the outstanding 3 V2</o-debentures due Feb.
1
1960.
Payment will be made at the office of J.
& W. Seligman &
Co., 65
Broadway, New York, N. Y.
1946.—V,
13,714,513
1,218,183
11,651,000
Crl,618,699
deprec. «fe amort.
charges; .■
Maint. of way & struck
corporation
^receive
13,570,444
charges
$>Incl.
Tri-Continental Corp.—To Retire 3V2%
Debentures—
/
».„
14,110,072
208,437
Transf'd to earn. surp.
.
.
registered under it may invest their
funds.—V.
3
13,505,867
/Dec. 31
at 100 and interest. Both issues
$750,000
bonds will be investments
^Companies
,514,534
debt
reserve-
Income
Reserve
76,823,583
56,927,433
pfd. Stk.'.of co/
on
Divs.
of|:
Canada.
^Chartered Trust
;
3,423, 621
60,081,886
4,999,245
47,703,447
Surp. for com,; stock/
-•annually, Feb. 1, 1947 to 1956 inclusive, and
$1,250,000 3V*c/c sinking¬
-fund bonds to mature Feb. 1, 1966.
The first
mortgage bonds, series 7
-if.'A," are pavable in lawful money of the Dominion of
?
&
to
1,968, 881
2,149,737
5,29,9,744
1
Percent, par vai.
,
$2,COO,000 1st mortgage 3% serial
The
1,190,718
,onli-S^iaoyt..shipm't$
appropriated $500,000 for tire purchase'
refunding 4% mortgage bonds of the'-
—
are
rents
;
285,214
/,
owned
funded
on
Appropr.
Toronto Elevators Ltd.
Bonds Sold—Dominion Securities Corp,: Ltd. in
February announced the sale
;
4
&
Net inc. fr. all sources,
34,650,279
// Disposition of net inc.; '
\Div$.
March
on
:
.
-
7 790,678
4,646, 878
L^ag&inst.poss.jrefundsjy&yiyi^
market
open
Avenue
8,836, 651
5,264,020
.
for
of
/i:
7,687,916
income
Miscell.
:
....
..
The .directors
v7? 7
(net)
income
Interest
Rail-
bonds," due
••
Prov.
//;: not
i'..
6,172,238
ctfs.
tr.
Balance
,
.
7
ij; T°
■
Other
history
.leal Bank ai)d-T
Lin
equip,
41,205,8557 61,024,720
than
bonds, notes
fReleased from
gold
•
on
36,526,015
owned—.7 4,233,694
stocks
on
Total
r'
1946,
31,107,553
&
1
-
April 1,
other
Inc. from oil opers.
Divs.
Third Avenue Transit
Corp.—Interest—
w/way
Invests,
transp. operations:
milk bottle production
any previous month in the
'
operations--
Irom
'sources
con-
has
"
two months of this
year,
greater than
companay.—V.
i'
/
;
1945, is at the Olean, N. Y. factory.
7f' While these
verting
Inc.
1
*
in
this
item——1—
$8,197,190
'
•:
/
BALANCE
ASSETS—Cash, $1,095,891;
dends' receivable,
interest
SHEET
31',
DEC.
receivable
.accrued,
for
etc.,
I§45 '
"
^T"V
securities sold,
$67,422;"
.
$830;' divi/
securities,' at' co$|
sv
Volume 163
for
taxes,
marily for
United States Life Insurance Co.
—
Expands Under-,
States Plywood Corp.—To
United
and
Jfi
wi
u
50,000
the
totaled
the
net
proceeds
'
above
FUNDED
in part the
preferred stock
redeem in whole
of 7% cumulative
to
or
;
into
entered
company
.
will manage the new unit.'
...
.
,
The new distribution unit will have 40,000 sq. ft. on its one floorLand and building will cost approximately $150,000 and occupy 2.3
acres served by the Michigan Central.
With entrances on four sides
the warehouse, will permit truck and car level loading and unloading.
The Hamilton Veneer Co., a subsidiary, has purchased the South"eastern Veneer Co.,
of Denmark, S. C., R. Clay Wilcox, Executive
Vice-President, announced on March 6.
Manager, who
,
.
and
sition
.
>
and
for
one
to
Bank
The
of
Manhattan
Co,
in
the
payable
quarterly
1946.
.,.
i
July
April,
Jan.,
and
Oct.
April
beginning
3,
*
3,
Dec. 15,*45.
Co.—New;
United States Smelting, Refining & Mining
Directors Elected—Declares Usual Preferred
profit
'/Total operating exps.—
Dividend—
The
stock,
1944
859,95$
'
1943
$1,061,160
;
787,557
$1,033,926
421,200'
operations
$76,787
.
elected directors.
Total
other
income
'
usual quarterly dividend of 87 Vu cents per share on the preferred
par $50, has been declared, payable April J5 to holders of record- /: *. Profit from operations
Lloyd D. Brace and Bradley Dewey have been
March 29.—V.
,
-
162, p. 3240.
Int.
bank
on
X
$173,971
9,729
,t
9,067
12,332
$183,038
$285,935
12,057
24,409
loans
■
6,262
Total prov. for taxes
32,100 /
68,214
.
;
■
This
contracted
corporation has
Telephone
about
Add
total
the
Net
to purchase the property of Cen¬
profit.
Preferred
Co. of Topeka, Kans.
The acquisition will
telephones to the United Utilities' system, bringing
operated to 152.000.
The Central Kansas Telephone Co.
——/;%"$48,154
dividends
Common
6.600
'Deficit.—V.
$102,767
•
9,551
dividends
v
19,103
58,004
163,
823.
p.
NOTE—For
possible
order.
Certain Assets
to
mechanical
they
possible.
as
are
Balance
;
and Redeem Preferred Stock—
Interest
;
20,306
;
Federal
;;
property disposed of is American Druggists Syndicate, Inc., and the
proceeds received from these transactions will be added to the com- ;
pany's working capital. Xy/XXX X:/
XX < /XX/X;-'VX''X/X
■'>
Concerning the calling for xedemption of the
corporation s pre¬
ferred shares, he explained that giving effect to the contemplated
.
1
!
profit
Common
shares
Earned per
The
conversion of preferred shares into common ; stock, approximately
290,000 shares of common stock are expected to be outstanding after >.
the conversion, the company's sole capitalization.
Elimination of the
preferred stock will save the company about $50,000 a year in divi¬
dends
he added.
There are no outstanding bonds, bank loans or
/ Other' classes of stock, Mr. Wittner added,' so upon the conclusion of
these transactions net current assets will approximate $2,000,000 and %■'/
tio
the ratio of current assets to liabilities will be about four to one.
>
--
-
u_
the
—-
Redemption—
corporation has called for redemption on April 15, next, $321,000
©f 334% sinking fund debentures due March 1, 1959, at par and
Interest, for account of the sinking fund.
Payment will be made at
Cash
TJ.
_
...
ing of 109,400 shares of common stock ($5 par) was
March 21 by Reynolds & Co. The stock is priced
per
share.
With preliminary work progressing
15.
Of the offered shares, 70,000 are being sold
39,400 shares presently
the account of Stock1a**
$5 per share,
««
Increase the number of authorized shares from
;X.
sales
under
In
of
/
on
1
of
materials
banks,
and
3.945,49 0
supplies—
hand and
on
Government
inc.
tax
payments
with
States
"Victor, Florida" is
-
„
T
tion
20,000 to
a
(est.)
under
327,055
5,240,000
—
;
:
349,398
537,816
oversubscribed
was
'L 334,363,276 309,481,586
'
,
I
, f
■•:>>X
XX
estate
for
income
of
tax
J.
mortgage—
lessor
close
business
be
issued.
MacDonald
Mr.
a
share.
20,000,000
25,000,000
bearing)
20,000,000
35,000,000
:
companies-
structure
of
March
16
will
receive
the
additional
18,488,370
30,527,000
10,784,697
9,522,125
7,114,560
8,219,008
2,031,724
1,602,292
1,402,478
1,396,138
1,970,739
4,339,513
1,986,052
4,465,432
55,184,417
62,765,546
;
reserves
334,363,276 309,481,586
'Including certain properties controlled by stock ownership or held
long-term leases and physically merged in the Western Union
stated at original cost, based in part on engineers' estimates
under
system,
after
for
reserves
in 1945 and
depreciation
and
amortization
$165,027,502 In 1944.4 /
of
/
;
tRepresented
by 1,218,924 shares of
; 18,706 shares class B stock (no par).
class
A
since organization has been, and its predecessor Maine
/.corporation was, engaged in the production of winding machines.
fXTWith certain exceptions such as the filling winder which winds di¬
.Company
that
the
161,
.
Of CQ'lS.
:
are
used
by
the
electrical
"
Company produces a
industry in
winding various types
„
*
complete line of. textile, winding
machines and
X
par)
did
not
FOR
MONTH AND
12
.
///,'
/v
MOS.
revs.—aft.
adj—
Total
oper.
exps._
-
Telegraph
Co.—Annual
rev.
END.
"*••
•
.
DEC.
X
31
X i
1945—12 Mos.—1944
$ X,//:
17,657,736
16,180,172 192,892,138 185,903,643
15,815,323 ,13,729,399 181,410,369 166,277,089
$
•>.U
1,842,413
2,450,773
11,481,769
500,299
268,573
1,378,908
712,939
Gross ordinary, Incomcu 'so 2,342,712
,s
.2,719,346
738,561
12,860,677
20,339,493
6,828,91$
16,604,614
^r(73i420 «'";1;980,785
6,031,762
Ne{; .operating/ revs—
.
/ Ordinary jinc.-rrrNoncom.
'"x,i
;
X
■
19,626,554
/'1■ iK!
ftijoft'iriv
Deducts,
■-,:
fr.
ord.
inoi—u
,
l> 569,292
cap¬
Net
t:i'■•.•".•nl'O/..!;
S,:I'a
V
1945—Month—1944
/
Oper.
common
change the!
and
N
$1,163,350.* /X,■,;/■ ,:X/;..-
■
$■
ordinary; Jncoma/X
' current
Extraordinary
,A.
.
.
.
.
13,734,879
.
/.!!/income^hetyp__:^-/_;i'22,634 vX^eiptB,' Br838,296 Brl,587,650
;.,;; ,o;Delayed >ih'come (n4t)_/a1* ' 429,000
; ' ^//X^rio^p^ooo
—
C.
Union
t
$ Including for 1945 $762,000 estimated social security taxes incident
to. retroactive wages.4§Together with premiums on capital stock of
ePriod End. Dec. 31-
■;
plan
;
Western
$170,001,437
(no
<
stock
//
Gamble has been elected Chairmahnbf! the board of directors
to succeed Don A. Davis, who last September sold 100,000 "shares of
Western Auto stock to Gamble Stores, Inc.—V. 163, p. 1485. ;!Uj"lioX:
B.
1,000,839
4,712,361
20,189,619
Total
the company and no divi4end was declared.-—!?/. 463,
Western Auto Supply Co.—New;;Chairman—
Elmwood Avenue, Cranston, R. I.
10,058,383
4,363,947
§ Surplus
EARNINGS
v
,.
explained
25,000,000
1,070,039
-
'
The of¬
closed—V.
and books
1075.
p.
15, 1916 as a successor to a Maine corporation of the same
organized in 1893. Executive offices, and manufacturing plant
to
of
Vv/
35,000,000
10,978,378
—
—,
Other
J»
104,835:597 104,835,608
i
______
West Virginia Water Service Co^-Splits Stock— V
shares
BUSINESS & PROPERTY—Company was organized in Massachusetts
winders
*
349,398
1,028,065
wages, Nov., 1943-Dec., 1945 (est.
Telegraph money orders payable
—Z—
$ Accrued taxes (estimated )_^___i.____.
X; Accrued interest and guaranteed rentals—__
Reserve for employees' benefit
/Reserve provision for future settlements—
shares at $20 y* per share,*:
concession to dealers of 70 cents
oiji June
rectly1 onto the filling bobbin, the present day winding machines manufactured for use bv the textHe 'ndustrv are emoloyed in the winding
of yam, thread and other materials in compact packages onto inex¬
pensive supporting centers requiring no spools or other end support
to hold the package in shape during shipment or which might interfere
with
steady and free unwinding in subsequent manufacturing
processes.
This same principle is employed to some extent in coil
winders manufactured
for use by the electrical industry although
much of coil winding is done on hard supporting centers or spools.
Winding machines are used principally by the textile industry in¬
cluding yarn, cordage and textile manufacturers to wind practically
all types of fibres, including cotton, wool, worsted, rayon, nylon and
other synthetic yarns,
and also heavy cords and light ropes.
Coil
322,802
20,030,461
r
work¬
——
Accrual
24^.7,.X;;.X>/-/X;;/
ital
/
321,630
269,659
«
block of 10,000 common
a
fering
entire outstanding principal amount of the five-year loan.
1655
6,814,723
8,983,022
.
Retroactive
shioping point on both the Atlantic Coast
ic
a
with
the
name
'
18,590,748
25,350,000
20,134.998
Liability for Postal pensions and benefits
Accounts payable and misc. current liabilities
Waltham Watch Co.—Secondary
6,660 shares owned by the company,
ton January 3, 1946, the comjpany entered into a 10-year loan agreement in the aggregate principal
.amount of $1,000,000, a portion of the proceeds of which was used to
located at
'
3,945,490
47,400,000
receivable, less res. for doubtful accts.
Fed.
*,
8,515,906
obligations
deposited
•"
22,261,698
in transit__^.^_^
25-year 5s due Dec. 1, 1951
30-year 5s due March 1, 1960
Obilg. to lessor companies (non-int.
■
■f
1944
y
other
,
XX.; The common stockholders at a special meeting held on March ,15
yr. 3%
loan due Jan. 3. 1956$1,000,000
$1,000,000
.approved a plan to split up the common on a two-for-one basis, which
cumulative preferred stock ($100 par)
3,446 shs.
'2,729 shs.
will increase the outstanding common stock from 110,000 to 220,000
Common stock
($5 par)—
400,000 shs. t288,340 shs.
Stl&TGS '
' ;F'
'•
'■ 1 :y ' ' '■ '• .'/i, •
•'
■'
• 'if., . --M
; *.
Common stock purchase warrants
—_
10,000
> / 10,000 X
J; X; C. C. MacDonald, Vice-President and Treasurer, said the transfer
♦Exclusive of 717 shares owned by the company.
-(Exclusive of
books of the company would be reopened, and holders of record as of
the
;
;
$' ''i
■
with-
and
-f
the construction of this cor-
Offering—Blyth &
Co., Inc., on March 15 offered as a secondary distribu-
-
by the company of the 70,000 shares of common stock now offered,/; p.
issuance and sale of the warrants, the capitalization of the
company authorized and outstanding will be as. follows;- V/' / -: X
X";XXXAuthorized Outstanding
pay
to
218,092,180 224,235,496
T
deposited
X
1945
'ii"
and to the
;
charged
6,798,827
•
■
estate
_
7%
*
deficit
DEC, 31
——
tCapital stock
funding and real
X $10
*
real
properties
4J/a%
Virginia Dare Stores, Inc.—Calls Preferred Stock-
•
f
$5,240,000;
i/V^r*!'' ■;
mortgage...
affiliated, controlled
LIABILITIES--^
All of the outstanding shares of preferred stock have been called
400,000 and issue new $5 par value common shares for the then outstanding $100 par value common shares In the ratio of 15 for 1.
After giving effect to the foregoing, and to the issuance and sale
~
of
in
S.
and
wA-
.
CAPITALIZATION—On Jan. 28, 1946, the charter of the company
i was amended so as to reduce the par value of the common stock to
(estimated),
years
equipment and
Total
;
for redemption on March 31, next, at $25 per share.—V. 163, p. 1075.
k°
.
prior
/
Recoverable
made g £in®^nd ^^°ard Airline railroads, he saic^ (see v. 163, p. 357).—
at $8
v* 163< p- 1292'
by the company. The balance of
being offered are being sold for
:
%166,747
wages
s'/men's compensation laws—i_—
Deferred charges
Victor Chemical Works—New Plant in Florida—
-
Universal Winding Co.—Stock Offered—Public offer;
—$349,608
retroactive
security taxes, Nov., 1943-Dee., Ia44
(estimated),
total, $16,648,039. Less proportion equivalent to tax re¬
(charged above), $1,825,000; recoverable income tax
and
Securities
,
..
,
3,995,398
1,825,000
X 2,432,595
for
Accounts
'
,
3,645,790
Foreign government obligations———
Special deposit for employees' war bond subsc.
$216,774
228,000
$0.95
poration's • elemental phosphorus electric furnace plant in Florida,
*"\;r(y'..-/VJ."V*r^the location of the project has been named "Victor, Florida," Rothe
;
Wiegel, Vice-President in charge of operations, disclosed on March
_
—
1945
Inventories
'
Y^ Trust Co., trustee^ 100 Broadway, ;,New York^ N, Y.
■
712,939
10,169,779
3,910,274
charges, etc.—
companies
The
k
2,932.851
1,378,908
$5,148,534.
Tlant
company's 26-year
largest in the
4,200,000
8,790,871
''
5,600 authorized but unissued shares.
The transaction will be
completed early this year.
' ,,V * • •
r '1
" }
The company purchased
a
large part of the government-owned
equipment situated in its plant and proceeded promptly with the/
conversion of this equipment to the production of civilian products.
By October its output of civilian lenses had increased to a point equal,
in sales value, to the 1945 monthly average of total sales, including
war products.—V. 162, p. 54, ;
p. 1204,
: Universal Pictures Co., Inc.—Partial
"
were
3,375,950
4,340,000
COMPARATIVE BALANCE SHEET,
of
;
;
1945
2,867,730
,
.
-
,
,
sales for
-
.12,961,628
2,659,089
social
in
Investments
;
'
'
operations.—t4,434,505
include
ASSETS—
history.
z -■/ t.;
^
During 1945, the company arranged foif acquisition of a 35 % inter¬
est in the Emerson Optical Co., Ltd., of London, through the exchange
,
V; 163
net
common
13,364,637
—————^
to
related
duction
■
'1944
extraordinary adjustments equiv.
always
$223,365
240,000
$0.93
—
outstanding-^,—^.
share
,
>
^
i
192,8y2,138 185,903,643
138,771,038 137,911,656
21,801,823
21,713,828
expenses
security and Fed. inc.,
interest
t
$15,442,000;
'1944
$4,223,988
478,715" ;
506,054
255,350
289,280
—
——'
.V
'1945
v
-
paid
payments
—^
taxes—
;
'V
.
.
wages
and,
in exact alphabetical
always as near alphabetical
i/'/'.v.-
taxes
income
Net
■
before
.
YEARS
applicable to that year.
tBefore the following deductions: Unrecoverable advances to certain
lessor companies for payment of taxes, $1,206,039; retroactive
■
■
' "
2,a64,680
than social
'Restated
trustee
Net
cable.
ocean
taxes—
—
Dividends
19,103
Univis Lens Co., Dayton, O.—^Earnings— :".Calendar Years— '
v!
1945;"
Net
sales
X—
L——
1
Uh*—$4,774,751
surplus, therefore, cannot be
ability to pay out additional
/ .7,938
'$1,746
not
the
company's
:•■
before
Proceeds
A program designed to streamline the corporate structure and busi¬
ness operations of this corporation through the sale ox" certain assets
and the calling of the preferred stock for retirement on March 30, at
$52.50 a share, was announced on. March 14 by Henry W. Wittner,
Vice-President and Treasurer.
r
*'
The sale of assets not required for the company's principal operations has already been arranged, Mr. Wittner reported.
The principal
the
■:,/to tax reduction in 1945-—.
X $48,646
19,103
it is
reasons
of
amount
of
Balance from operations——
Misc. income (incl. dividends and interest),
companies
arrange
However,
position
The
1945, the Western Union system comprised 235,871
lines; 2,254,712 miles of physical wire, mostly carried
but including the conductors in 5,237 miles, of land
Security
surplus,
pribe was not stated.—V. 162, p. 2314.
Surplus amounting
years
/
29,002
-
services
•
¥ $163,430
•
-
v.-
for
still
-taxes
almost
past
———
operates telephone exchanges in 20 cities and towns in southeastern
Kahsas and had gross revenues of $166,000 in 1945.
The purchase
Universal Laboratories, Inc.—To Sell
31,
pole
poles,
Taxes other
,
*
of
Social
30,086
98,096
indicated
other
wages.
Balance from current
$86,516
1945.
represents
all
and maintenance—,-:.
Provision for depreciation and amortization,
Employees' benefits
United Utilities, Inc.—Acquisition—
tral. Kansas
for
Repairs
$40,708
!
is
excise
certain
surplus in
1945,
31,
operating revenues_^_______
Operating, administrative and general
$975,773,
935,065
$273,603
in
$7,581,129
Dec.
measure
Proportion of
Profit from
*
.yO
$497,987
,
1945
Federal
and
Gross
"
.
liabi ity
no
Wartime
messages
i
\
Gross
wages,
1945.
cable
COMPARATIVE INCOME STATEMENT FOR CALENDAR
.
,
in
cable; and 30,340 nautical miles of
&
,
a
or
Dec.
the
principal
•"
UNDERWRITERS—Reynolds
retroactive
profits
business.
as
At
Co., New York, is the sole underhardwood* veneer cutting plant built
,;; writer with respect to all. shares of common stock now offered and
less than two years ago.
Its facilities will be used primarily to
has agreed to purchase from the.company all of the 10,000 common ■
furnish centers and crossbands for the United States Plywood Corp's
stock purchase warrants at 5c per warrant.
The Underwriter is not
Algoma, Wise., operation, according to Mr. Wilcox.* /v.-:
.
D
affiliated with the company.
••
■ > Vy.
»
This corporation, in an all-cash transaction, has purchased from the
American Radiator-Standard Sanitary Corp. the one-story building it
.
SUMMARY OF EARNINGS *«
>• X '
lias occupied under lease for several years in New Rochelle, N. Y,/
'• A
24Wks. End,
Fiscal Years Ended June 30-—
The building contains 30,000*square feet of space,—V. 163, p. 1484.
*
the
on
for'the acquisition Of materials
The company issued two notes,
equipment,
working capital.
additional
the
of
of
at
operating
taken
experimental and development work, for ,thq. acqui¬
installation
$3^60
to
entirely that part
back to the founding of
company
nearly
a
century
ago,
which
was
retained
in
the
business to improve the plant, retire debt and strengthen the company
financially.
The surplus does not exist in the form of cash.
The
values which it represents consist largely of
physical property such
as buildings,
equipment, wire and pole lines, required for the operation
amount of
$900,000 and the other to the Providence National Bank in the prin¬
cipal amount of $100,000.
The notes bear interest at 3% per annum
Southeastern Veneer operates a
'
reduction
of
research,
amounted
the
,
for
income
net
on
the
dividends
used
of
income
on
$55,184,417
borrowed a total of $1,000,000, the major part of which
was employed for the payment of bank
was employed for the payment of bank loans then outstanding in the
loans then outstanding in the
VTri
This
$37,138,502
agreement with the Bank of The Manhattan Co., New York, and the
Providence National Bank, Providence, R. L, pursuant to which the
company
1945
in
gross
telegraph and
to
loan
a
under
•-
operations
stock
of
Because
on
of
...
194.6,
3.
Jan.
charges
any
current
charged
net
a
'
,•
DEBT—On
taxes
charges
rates
purposes
before
taxes.
in 1945.
This excise tax, amounting to 25% of
domestic telegrams, has the ei.ee t of raising the
the public,, and although collected from patrons by the
company, 13 paid to the Government.
The large extraordinary charges applicable to prior years, arising
chiefly from .the liability, for retroactive wage pigments, resulted in
400,000
the
1945
from
WLB,
the
of
capital
dollar
taxes
effect
in
200,000
entire
used for
in
income
income
net
and was equivalent to about 2'/4-cents
income. It represented a return of 2.8%
stock and surplus.
.
in
1945, including social security taxes,
aggregated
of
capital
Federal
375,000
225,000 ;
miles
house in the State of Michigan, according
branch
that
the
Direct
$150,000
100,000
to be
not
is
awards
each
$7,304,680.
^
determined-
is
warrants.'."
all such
Pivwrlr.fi'>/(varp-
it
company
the
of
on
Maximum
.
income
Federal
before
to
share
per
presently outstanding
at $110 a share plus
-'A X\7,
X/'
If all of the common stock purchase warrants are exercised,
the
company will receive $100,000 in cash as consideration for the issue
of the 10,000 shares of common stock issuable upon the exercise of
remaining
Erect Warehouse
wf
v
the
2,729 shares
dividends.
High^aV ipi".
■
,ii
that
event
by
from
out
stated, it is the present intention, of the management to use the funds
larger
March 20.
©n
the
In
received
been broken at Dix Road near Vernor
u
warehouse to be occupied by United States..Plywood
Corporation in place of its present unit at 1815 Franklin St_ Detroit,
Mich,, S. W. Antoville, Vice-President and Director of Sales, AjjMOppced
has
Ground
capital—,
For
,
and
Union's
$4,434,505, after, charging retroactive wage increases
including social security taxes thereon,, applicable tonhat year, arising
•
•
.
$50,000
..
—/-,-X
manufacturing
space
additional working
business of this company during
and as a consequence
of
in the Philippines and
the Far East, has occasioned the necessity of creating two separate
units of
the
Underwriting Department at the home office, which
is under the administrative supervision of Dr. J. A. Avrack
it was
announced on March" 1? Mr. John Sheehan will handle all oomestic
underwriting, and Cari Leaf, Lay Underwriter, is in charge of foreign
lousiness.—V. 163, p. 823.
X;.X
K
XX." • X'
past year,
both in the domestic field
the reopening of offices of the
company
hew
..
Minimum
,
research, experimental and development—
For acquisition or manufacture and installation
of additional machine tools, etc
___i——
For
construction
and
improvements
to
add
in volume of
increase
great
, —
,
■For
writing and Issue Facilities—
The
following purposes;
the
net
company's*
amounted
approximately $325,000 of
as of Jan. 3, 1946, pri¬
at $482,884, together with
loan obtained by the issue
$1,000,000
the
awards
Western,
present
the
is
rants,' estimated
the
,
the
than
the
,
intention • of the management to use
the net proceeds to the company from the sale by it of the 70,000
shares.of common stock and the 10,000 common stock purchase war¬
PURPOSE—It
etc., $5,400; $5 cumulative pre¬
ferred stock (without par value—outstanding 239,200 shares), $23,920,- •
000;
$5
cumulative second preferred stock
(without par value—
100,00.0 shares), $500,000;. special reserve (set up out of amount paid ,
(in
cash by subscribers to second preferred stock), $97,985;
common;
stock: (without par value 2,485,543 shares), $24,855; total, $24,548,240;
1*-Y. 162, p. 2192. :•
v./' : '":+j
■y*
types
1617
"'
'
I LIABILITIES—Reserve
.
the
of
more
or
compete in varying degrees with one
in: this line;
*
v
•'
"
other manufacturers
four or five
$23,384,088; total, $24,-
approximately $37,614,117),
value
"•
indicated
548,240.' •
CHRONICLE
THE COMMERCIAL & .FINANCIAL
Number 4475
./
.
:h«
;
Net income
Deducts,
fr.
J_-J_4LL/X^' 2;225,054 A ^(64^^5:008,534
net
y/i—_ Crl,ll2,000
income
,12,147,229
140,000
3,831,000
.
Net income
Report-
''
Joseph L. Egan, President, states in part:
to
earned
'Deficit—V.
company's volume of business reached the highest level in its
in 1945, reflecting the heavy traffic from war plants and
Government war agencies
and, after V-J Day, the cancellation of
war
contracts and
the reconversion of industry.
The handling of
this traffic required capaoity operation of the company's plant and
extraordinary effort on the part of its personnel—an effort which is
deeply appreciated by the management.
When the war ended, the company began to put into effect an
tranSfertXv X*;;
2,225,054
1485.
surplus—
163, p.
■* At:
-
;;
•' X
.
1,476,369
*
■
X.
'5,148,534
■
"
:
8,316,229
■
;
The
history
which
should
in view of the very large wage
NWLB, amounting to an increase
portance
by
the
program
for plant improvements.
result from this program have acquired
prepared
already
-
The
savings
an added im¬
increases recentlv awarded
in future payrolls greater
Western Light & Telephone Co., Inc.—Annual Report
On
May
3,
.'
1944,
all the common
stock of The Kansas Power Co.
Telephone Co.
acquired and tho merger of Western Light &
(Del.) and The Kansas Power Co. was consummated on
The plan of merger and refinancing was approved
.holders of both companies at a special meeting.held
was
Aug. 11, 1945.
by the stock7 and 8,
Aug.
1945N and became effective on Aug. 11, 1945, and the corporation
surviving the merger is known as Western Light & Telephone Co., Inc.
On Sept. 13, 1945, the company sold at competitive bidding $6,200,000
first mortgage
3% bonds maturing m 1975.
The proceeds of the sale,
.V,
1618
«
iT i"i
THE COMMERCIAL
&
FINANCIAL CHRONICLE
together with other funds were used to redeem on Oct. 15, 1945, the
33/*%. and 4% bonds of the two constituent companies.,.
As of the date of the merger, 'the company issued $3,788,850 ($25.
par) 5% preferred stock in exchange for a like principal amount
6ft and 7 Vc preferred stocks of the two constituent companies. ,
COMPARISON
EARNINGS
OP
FOR
CALENDAR
of
(Summary shows actual results of
two companies
combined)
'■£.
•V'>'s BALANCE-SHEET,'DEC.
P.
B.
Trainor has.. been elected
Treasurer, it was announced on
March 6 by William D. Corbett,
Vice-President.
'
••
Mr. Trainor was Assistant
Philadelphia Manager of Joseph Froggatt&
Co.,
Inc., New York City,
He
was
formerly
associated
as
a
commercial public accountant with the New York firms of
i?
"-ASSETS—-
;
Sells,
and
S.
Leidesdorf
<
&
Co.—V.
■•■vu:
utility
■
•'Lv
1945
■
$4,499,086
$4,251,148
2,612,991
2,434,613
--------
Total
operating
revenues-
«
Total
operating expensesProvision for depreciation-
-
512,209
Net operating income-,4*
Non-operating income —
Gross income
Deductions
Williamsport Wire
$3,896,596
354,552
163,
1204,
p.
:
;
[7 ft—*-*— yr
Pa.,
521,044
Preferred stock
•
for
on
16,958$1,312,448.
649,976
dividends—-
dividends paid or
common
spectively..
the
new
stock
$733,507
accrued
...'.
Request
;
r
a
The
request
firm
by
stockholders
sold
was
nine
for
receivership
a
of .this.
years;agoto..'Bethlehem7'Steel
from
affiliated
_7*
.
cos.
'/::■&>
J
Co.:,«^-^
■
j738,840
41,167"
449,061.
869
Due
current
an
accounts— :
less.
or
"
1,192
894
'
i
374 '
784.079
871,620
767,843
^7.
7'{
807,801-
$33,965,357 $33,201,510'
rec.iver.hip.
Judge
:
a
635,589'
amount
to
v
has been
way
the petition
Bethlehem
250,379
:
said
the
refusal
ceedings
opened
for
on
the
"must
conducted
hearing
the
Albert
sold
By proper
as
a
formal
Accounts payable—.,.—
nav&hi«
Payrolls
assets
during
receivership
Estimated State income
justice in his Court.—V.
other
120,011"
147; p. 1055.
37,609
to
Lie,233
parent
Reserve
company on current account-!,..
possible
additional
income
taxes
for
112,983
gain-
—
Due
37,609
"U1.
117,430
Amount
-
""'125,793'
^-124,528
116,936
on preferred stock..
surety deposits....—
payable
to
employees
under
sbarm
Plana
Customers'
-
-
147,356
103,436
-.
'
™'.i
taxes.;-!
Dividends declared
■
Wisconsin Gas & Electric
Co.—Annual Report—
?
and
Interest, accrued-—
pro- -*
States;
Congressional committee charged
a
217,145
53,728
accrued...——.;
•
$3,342,500
par)^-C—12--. 6! 000,0006,000,000
nl 000,000 11,000,000
Funded
Accounts
the issues presently made'1
on
$3,342,500
„
Common stock -($20
pre-
order,1; ; f
Wi-"Johnson,? former-United
A recent report by
Judge Johnson
construed
L-.
purchased
before
be
not
the merits,
and answer."
Steel
District Judge.
$426,481;
outstanding, the above balance
$2.15 and $1.81 per share, re- -;;
,.-*V-V'••
Watson
judgment of the proceedings
$676,860
227,074
$506,433
—.——
stock
common
would
denied
company.
$1,383 483
♦Balance for common stock—
"■Based
has
under
$1,295,490'
by
for
Co.—Stockholders'
464,354'
S.
v
;
;
Materials and
.supplies, at cost
.Judge Albert L. Watson in United States District Court at Scranton, v.Ui
In
Tefal deferferi',;;:v
9,597
income-——t
gross
Net income available
Rope
Receivership Denied—
.
•>.
369,645'
on
—
,
-
$29,460,255
.
.
V-
<4944
-
—.w—.
—
from
$1,373,887
.
for
_
_
'
I
1945
—L—__L': $29,940,271
.
1944
revenues--.—$4,172,242
326,845
31
V>-«
,av /
»
investments—.———
267,272
hand and in banks-—u.——
I-—-—
'
457,118
Treasury notes, tax series
1,259,174
Deposits for payment of-matured interest, and --V- ,, - '
•other deposits'
'V.4., 36,151
Accounts receivable—trade (net)
'
441,683
Other accounts receivable—..
U.
^
Total
v'«<\
Total
Cash
Haskins
D.
/•>'*'• 'VV
f
Property and plant, at original ■ cost
,
.,..
"
YEARS
Win. Penn Fire Insurance
Co.—Treasurer Elected—
&
Ice
Monday,. March 25; 1946
.i
18,103,
297,554
7. 321.290
205,180
230,938
DEC. 31,.
•Other current and
/,
INCOM? STATEMENT FOR CALENDAR YEARS
accrued liabilities—!—
7 52,629,.7-^,53,374?:.
;«■ Contributions
by customers for construction
&" -■■■;■■' --?
property, at cost, $16,454,857; intangibles, $429,:;.
•-1944 U<«7
of property.^.—
017; Investments, $35,540; cash, $633,442; U. S. Government obliga- .i. Total operating revenues.^
380,738
389,768
$9,524,741$ $9,336,558
Reserves—For deprec. and retirement of
tiong, $605,020; accounts and notes receivable, $378,018; materials and
Purchased power (from parent
prqp.
7 7 ')' -«77-'f
company)
+
- 3,631,330
and plant—
3,656,087
supplies,, $400,638; prepayments, $54,958; deferred charges, $55,504;
Maintenance and repairs_u____..^
10,032,746^ 9,270,416
530,728 : jV 499,727'
-&-For casualties and
total, $19,046,995.
'
Provision for casualties and
inauranceui'-i^^^^W
602,429
601,503r
insurance
22,117
'•
Earned surplus
37,180
1,351.544
Commercial expenses^
1,322,659
LIABILITIES—Common stock (par $10), $2,360,264; paid-in surplus,
402,948
SSO.'IOS
LL Administrative and
--: *
general expenses
493,923 -'f7 481,087$381,359; earned surplus (restricted as to payment of dividends on
-Total-————-j
iU-i.——i $33,955,-357 $33;201,510"
Other operating expenses—
1 1,048,046
common stock
in the amount of $858,567), $895,672;
: ; 958,816
163, p.
5% cumulativet:y
Taxes other than income taxes——
preferred stock (par $26), $3,788,850; first mortgage bonds, series A,.
695,047
687,67(1
Provision for estimated income taxes:
Z'U, due July 1, 1975, $6,200,000; accounts payable, $271,483; dividends
Federal normal and
Winnipeg Eiecjric Go.^Ta Redeem.
i
declared or accrued,
352,000
351,900
eem.Borids—$208,594; customers' deposits, $158,961; State,
BALANCE SHEET,
>
■,r*
M
ASSETS—Plant and
'
•
-
,
-
.
-
-
^
,
WifiitsiPia*
;7
local
and
$13,693;
Federal
Federal income
taxes,
other current liabilities,
$16,486;
$28,210; State income taxes," 71
$164,426;
accrued
general interest,
$20,713;
deferred
credits,
tributions
in
aid
of
construction,
113.
investments,
$62,904; total, $19,046,995.—V.
State
.
•
excess
;
profits
348,000
—■;—7
Provision
$75,839;
$115,000;
$16,366; con-
reserve
Federal
taxes,
for depreciation, $4,268,174; reserve for
contingencies,
for amortization of limited term
reserve
p.
miscellaneous
for
depreciation.—
'
Net operating revenues...—
4..
general
$1,038,968
?
charges—_i.—
Other 7 deductions....—4,—
Weyerhaeuser
Timber
Co.—Secondary
Offering—
Blyth & Co. recently made a secondary distribution of
4,000 common shares at $70^2 per share, with a con¬
cession of $1.25 a share to dealers.—V.
162, p. 3123.
,
Net
.
mortgage
May i.
bonds
1946
and/or
will
redeem
edeem
debenture
05$,
all
agency
^61*' JL 1251*
of
the
Bank
of
of
stock,
made
Montreal
In
its
Its
series
the
at
Winnipeg, Canada,
the
at
or
1
total
listings
of
new
and
securities on the New York Stock
1945
(apart from Government
largest of
any
added
additional
or
New
outst
outstanding
A
and
Bank
serjea
of
Mon¬
London, England.'
York, N. Y.~V.
,•-K'J,
.
since 1930.
1.i
year
As
LISTINGS ON
Issued for New
Capital. Etc.
-
Total
$3,300,407,950
895,345,324
1,065,845,324
i$io,ooo,ooo
786,386.620
9,116,500
174,500,000
1937
295,786,003
brace not only new but also old securities which have
,.
:
increase
over
the
preceding
year
and is the
j
:
$151,298,623
M' ' 88,741,399
325,606,148
196,557,340
/
1941
-
1940,——L
1939—
1937,,——
1936———
,
.161,612,079
150,007,243
.X
60,102,549
128,661,401-:
107,352,110
-
;
undertake
to show
for foreign
were
ft
L
■
•
255,695,236
1
.
THE
NEW
YORK
Indust.
STOCK
"-
•
EXCHANGE
'
330,228,643
589,481,082
248,283,550
104,993,864
1,064,228,713 1
984.021,944
251,563,947
ON
962,486,512
-L
360.515,677
485,147,595
^1478,655,761
-1,534,909,897
.1,413,274,258
1941—
Total Bonds
1939—
1942-
1940-L
Capital, Etc.
$450,904,270
1945
1944——
1943—
357,057,340
157,292,568
360.851,579
Old Issues.
.
:
Replacing
Now Listed
;
Old Securities
98,741,399•
325,606,148
f'\
5,244,688
;
$3,377,901,486
| $151,298,623
$4,480,104^79
1,685,673,418 '
•
"
773,088,996'
and Stocks
.
1937-
1936
-
>
.
...
.
1945. 1 444,934,050 1,437,914,000
1944.
476,546,324
100,700,800
417,559,900
■
56,133,800' 178,936,644
944,625,985
265,894,041
302,462.000
70,621,400
210,588,000
1941.
75,585,200
586,084,900
67,284,590
141,055,253
451,581,500
1940.
56,073,067
380,529,800
29,406,010
115,825,200
505,001,996
363,724,620
1939.
83,938,100
62,203,500
43,204,727
543.823,100
233,372",850
408,418,500
1938.
50,717,000
94,548.825
810,961,000
390,598,770
346,563,335
1937,
205,417,700
943,589,000
253,059,349
225,596,412
394,804,265
1936,
183,538,617
621,142,900 1,168,253,000
989,572,370
39.500,755
286,837,000
451,731,400
146,659,687
477,335,740
122,179,000
1,783,600
121,888,800
337,200,828
623,503,08,4
214,954,000
——
27,904,000 18;500,000
25,000,000 19,053,500
•
—
L
73,460,110 1,277,911,170
68,364,061 1,305,409,442
*5,695,94^
40,300,530
655,568,44,7
w.
1943.-
3,297,000
.
2,141,472,15.7
1,255,987,712
.
we
-BONDS
....
SECURITIES
—
in 1941.
The aggregate of stocks listed in 1945 footed up to $1,-*
179,696,429, compared with $1,075,626,833 in 1944 and $1,534,909,897 in 1937, the previous high.
Of the 1945 total,
railroads accounted for $56,133,800,. as against $451,731,-
l"""
1,075,626,833
163^71,876
353,359,894
^
266.309,787
63,370,201
177,688,367
STATES AND LISTED
$1,179,696,429
largest recorded in 15 years or since 1930.
The 1945
1,021,664,684
1941—
519,341,886 'v
86.113.945
1,097,271,851
1,702,727,682
total of $1,616,850,644 compares with $449,021,687 in 1944
1940
133,795,549 .•
44,717,892
1,042,081,896f !i L1,220,595,297
and $2,026,334,793 in 1930.
Industrial and miscellaneous ; 1939_——
283,185,045
117.319,144
1,099,148,506
1,499,652,695
1938———
558,808,520
securities listed likewise showed a huge increase over
440,809,787
i; 693,268,789
1,692,887,096
1937
•' 70-3,096,986 r >,
64,667,201
2,310,956,675
3,078,720,862
1944 the totals being $1,362,185,985 and $764,172,746 reJ 1936— 510,033,866 t?: 251,732,947
3.427,475,715 C 4,189,242,528
spectively.
The 1945 figures are the largest reported
♦Government issues, foreign and
domestic, not here included, ahown
since 1937 when the total reached $1,672,715,435.
Of the ~ separately.
>
total of all securities listed by far the greater portion fell
Note—Applications for the listing, of trust
company receipts and of
securities marked "assented" (1/
under the refunding column, the total for the year, $3,preparatory to reorganization),,, or- of
securities stamped
"assumed'! or "assessment paid".—the securities
877,901,486, comparing with $1,685,673,418 in 1944. The
themselves having
previously been listed—are not Included in Uiis table.
other categories were $450,904,270 representing issues -.
for new capital, etc., compared with $357,057,340 in 1944, .i
:f;: In the following we classify the figures so as to indi¬
and $151,298,623 representing old issues being listed
cate the amounts under each
leading head, namely, rail¬
for the first time, against $98,741,399 in 1944.
road, public utility and industrial^an4> miscellaneous
Total corporate bonds listed in 1945 reached the grand-:: companies.
This table shows at a glance the volume of
total of $3,300,407,950, compared with $1,065,845,324 in
bonds and stocks listed during the last Id
years by each
of the different
1944, and the previous high of $1,113,246,600 in 1941.
groups mentioned.
?
Railroad bonds in the same period accounted for $1,444,—
11.4J-L
—BONPS-!-STOCKS—
934,050, the largest since 1930, when the grand total was
Public
Indus. &
Public
i.!
Indus, -& ■
Railroad
UtilitiesL f' Miscell,
$940,401,837. The increase in the 1945 total over 1944
Railroad
Miacell. i
utiiitip.awas due in large measure to the huge wave of refunding
$ v'LL
:
y
of $451,581,500
following tabulations
Total
-
r
'510,1378,196
44,717,892
407,310,983,5
.
790,328,094
"
$
5,244,688
108,202,644
Issued for New
& Stocks
1942.
-
L
4,084,920,9752,994,683,820
,
-
.,
♦Total
Bonds
1942—'S
operations carried on during the year due to the savings
provided for under the excess profits tax law which
expired Dec. 31 last.
Public utility bonds listed in 1945„
aggregated $1,437,914,000 as against $302,462,000 in 1944
and $586,084,900 in 1941, the previous high.
Industrial
and miscellaneous bonds listed in 1945 totaled $417,559,900 as against $286,837,000 in 1944, and the previous high
the
Lj how much of the listings in the above
-
$686,362,933
86,113,945
.
:-|L'-
2,668,889,830
2,775,968,270
Old Securities
?
i?
1943-—— ^ 126,002,168
1942—.
.Replacing i
Now Listed
$342,034,873
—
1944
■::■
;
SECURITIES OF FOREIGN CORPORATIONS PLACED IN
THE UNITED
Old Issues
Capital, Etc.
.
1945
1938—
The total of corporate listings during
1945, as already
noted, footed up to $4,480,104,379. ! Of the total, railroads L
accounted for $1,501,067,850 compared with $928,277,724
in 1944, and is the largest in amount for
any single year
mendous
Stocks
588,274,925
1,246.727,962
2,443,453,771
.
2,581,369,900
3,754,989,275
-
850,864,956
?
169,000
,
Issued for New
just found their way to the Exchange, and they relate
only to the New York Stock Exchange, by which we
mean that they do not include
listings of any of the other
stock exchanges of the country.
They also include se- L?
curities replacing old securities, which process occurs
chiefly in cases of recapitalizations and of reorganiza¬
since 1930 when $1,686,375,933
was
reached.
Public
utility securities listed during 1945 also showed a tre-
1,297,000
1936^—332,345,499-
t6,788,572,200
**2,838,421,350
purposes.!?! We give first the amounts of securities
293,501,200
L* 691*436,041 L foriegn corporations per se, and
secondly> the amounts
1,113,246,600 $ of securities of American
corporations issued for acquir> 860,079,620
ing or financing and developing properties outside the
?
1,014,505,100
United States.
Both amounts are included in the totals
1,214,231,335
-1,543,810,965
pf corporate listings in the above.
»
743,911,957
financing?J
country. The Stock Exchange
entirely different thing. They em¬
r—a
.
V
262,210,800
492,196,541
,
-H
v-
an
In
Old Securities
$3,191,538,553
,
*
2,682.944.320.
186,990,700
5.706,005,275
5,892,995.975;
*Ineludes $315,000,000 of City of New York
corporate stock. ("Includes
$1,364,000 City of New York Corporate stock.
■
Replacing;
.
or
10,309,200
.EXCHANGE*
$12,142,842,500
23,312,974,91622,156,383,100
9,985,716,100
6,853,885,700
Of 2.848,730,550
9,985,716,100
87,519,930
329,931,700
311,739,500
-7
SQ.92.
stock"
i
1W *#'.:,/v
1
:-
»?
<"
,,
EXCHANGE
■
-Tot.;-"L
Securities
65,313,500
'-'i ©3
v
Now Listed
;
U. S. Gov.
1936
NEW "YORK "STOCK
Old Issues
:.
if*
of
corporate listings for! the last 10 years:
CORPORATE
,
,
"
1*1
1942
aggregate
—
the entire
listings
no
?
*
,
$12,142,842,500
$188,668,016 j; 23,124,306,900
90,000,000
22,066,383,100
'
1943.
securities of any foreign or Canadian
companies.
The following tables embrace the record of
..
cover
1944——
$ "19£l'ligft
1941.
were
?
Foreign Issues
(incl. Canadian)
?
in the last four years, there
1945^ Moa.-vl844
•
GOVERNMENT BONDS LISTED ON NEW YORK.
.STOCK
$477,335,746 in 1944
1937, which was the
securities) were ; the
The total for the year
?
-< • -
$461,001$517,615
per com. share$0.18 •
$D.56;7V
$0.63-.
^On
829.846 common
shares
(after giving effect
to
100#
dividend paid Dec.
20. 1944),—V. '162. p.
i-3i
150,434
420,000
previous high in this category.
\
71945—3 Mos.—1944
^Earns.
added up to $944,625,985, as against
and the total of
$1,277,911,170 in
and
dorfe and
>
420,000
-
Ti^and taxes$147,765
$619,388.
150,434
7
bond issues offered in the investment market
♦Bonds
by
1945,.
$108,869,397
corporations, where there has also been a large increase
1944—,
160,500,000
over the offerings of the
year preceding.
[Full details
1943,
31,290,400
regarding the latter were shown in our article on the
1942——L 199,239,500
1941'
'
1941
New Capital Flotations for the calendar
369,334,643
year 1945, in %
1940
73,693,000
our issue of Jan.
28, pages 504 to 511.]
The latter com¬
1939—
154,523,644
pilations constitute an accurate index of new
1938——„
451,456,410
listings relate to
$604,554
-,
—
Period End. Dec.
Net profit after charge?,
11,163.
Utility stocks totaled $178,936,644 compared
$146,559,687 in 1944 and the previous high of $337,200,828 in 1943.
Industrial and miscellaneous stocks
$4,480,104,379, as compared with $2,141,472,157 in 1944 and $7,632,633,397 in 1930.
In this the
con parison
compares favorably with the actual corpo¬
ral financing for the 12 months as
represented by stock
up
dividends—.A.—
dividends—
420,489
15,844
000 in 1944.
to
year
—I—
(Rudolph) Wurlitzer Co.—Earnings—
'
with
corporate
Exchange for the
Preferred,
$1,051,040
418.570
-
Income.^^.—
Common
Listings on the New York Stock
Exchange for the Year 1945
The
J?r
on
r
Gross Income^w—w.._.
tions.
company
B, at par and interest.
Payment will bo
treal. in Montreal, Toronto or
$1,035,98$
18,489'
-
Net. interest
L
83,000
867,694
$1,020,479
4.^.
Non-operating reveques-L.?-—i
163,
59,000
921,122
*
f The
297,000
-
*
,
OF
AMERICAN
OPERATIONS
,
COMPANIES
OUTSIDE
-BOND8
ISSUED FOR
UNITED STATES
Utilities
•1045^
and-
Miscel.
v
.
;
STOCKS—%
"
Indust
Public
FINANCING
Public
Railroad
Utilities
i
and
'
■
1
Miscel.
r
1944-!''; I'
1943-r?
1945
L
1941—11940—
1939—
19381937—
V
,
1936—
1,957,500
As noted
above,total bond issues listed during the year
1945, aggregated $3,300,407,950.; Of this total. $108,869A
L
,397
was
.funding
for
new
capital, and $3,191,538,553 was for re-r
Stock issues listed totaled $1,179,-
purposes.
696,429 of which $342,034,873 was for new money pur*
$151,298,623 represents old issues finding their way
to the Exchange and $686,362,933 was for
refunding and
exchange purposes. :
■'
;L
"' L ■ L
' L
L>
poses,
,
In the railroad bond, group the principal issues listed
were
five issues of Great Northern
Ry.
$175,000,000;
three
aggregating
issues of Chicago' Milwaukee St.
Paul & Pacific bonds totaling $168,193,800; two issues of,
.Chicago Burlington & Quincy for
,
a
total of $105,000,000;
Erie RR. with three issues footing
up $79,400,000; Louisi
Lville & Nashville with two issues aggregating $106,954,r
t
Government issues, foreign and
domestic,- are not in¬
000; New York Chicago & St. Louis, two issues amount^ "
cluded in the above tables.
The following, is the
aggre¬
dng to $100,000,000; Southern Pacific Co. three issues for ;
gate amount of such issues listed or authorized to be
.f„.a;tatal of $125,000,000; Union Pacific RR. oiie issue of
listed for the past 10 years:
..."
<•
r-.
;$81,602,000.
Other large issues were Chicago & North
,
.
.
i
I
Volume
yist mtge. 2%s series A 1970_
11,000,000
6,000,000
Refunding
$1,444,934,050
American
1980——$175,000,000
Refunding
—160,000,000
California Oregon Power Co.: /'/y4'''.//
1st 3'/eS
1974—
.—^
13,500,000
Refunding
2% %;' debentures
2% % debentures
;
Cincinnati Gas &
Commonwealth
'
-
.
2%s
1st
Gas
Oklahoma
Co.::
t<f,
~
.•■ ?,
Pacific
Gas
&
-"
Chicago
RR.:
4V;2 %
/.1 y
3%
3,480,865,000
1st
1
'
income 416s
Gen. mtge.
2019
A
series
ref. 5s series
&
1st
C (N. Y.
&
Lack.
Coxf.
,«
1965—j—
.
J''
Airlines
Central
,'
;
i960——_1
conv: debs;
/:
Class
6s—•
income
—
1
WmI
Coal
Consolidation
•
,
*
,
,
,
.
Ward
Co.:
,
,
(subord.)
Corp.;
;
Corp.,
(.
-&
$4
yy:-V
capital
;
Great Northern Ry.:'
Gen,-mtge. 3 Vas ser.
•-
,
1960
Gen.'mtge. 33as ser.
1970
Gen. mtge. Stas ser.
1980
Gen.' mtge. 31'bS ser,
1990
Gen", mtge. I^es ser.
2000
Illinois
Central RR.-^-Uhicago
St. Louis Ss Hew Orleans.
.
K
L
M
N
O
Refunding
^
Nashville RR.: .
F 2003
1st
G 2003
tfaine Central RR.:
-1st mtge> & cpll, 4s sex*. B 1954
Hew York Chicago & 9t. Louis
Ref.
York
1st
'
*''"' '
'
*
r
Horthem
4t2s
trust
Coll.
i
•
9,000,000
m
,.
..
•
42,000,000
1985
Saratoga RR.:
4.7s 1975—.—
Southern Pacific Co.:
1st 27/aS series A 1961—;——
1st- 334s series B 1986—.
1st 3%s series C 1996—1St;
Association
60,000.000
50,000,000
•
*
.
/.iy:Kv*/'
■■■.
'/. /./*
Laclede
'
&
,
.
.
•
,-.v
.
-/
Issued
ment
24,000,000
.v.
■
/
**•
/
,•/ /
■
<
.
;■/
reorgan,.
*
Refunding
.
,
Refunding
7,860,000
"
Refunding
;
ment
Company and Class of
Stock--
Acme
shares
of
constituent compairies
.
for
Steely Co,v common-—__
Express Co., Cap. stock/Admiral Corp.,, capital stock—
Adams
Amount
$1,640,540
50,250
900,000
5•./,:*///
39,000,000
Allis Chalmers Mfg.
Refunding
81,002,000
Refunding
,
:yi
i
tf.
'*
-
r'7
~
*
*
47,000,000
Refunding
A-
♦ *
,
Refunding
DURING 1945
.•
American
Inc., corn.*-.
Colortype Co.:
;
'
*
4Va%
preferred
Common
—
15,000,000.
pfd._
*4,812,431
(239,127 shares) —
Sugar Co.:
*2,484)000
(24,840 shares)
(W. F.) Hall Printing Co%-.v,y
/ Common
; 1,000,000
$5
cum.
Pfd.
4% pfd./ * 3,500,000
3,750,000
4%% preferred?— / 2,146,300
Hecht Co., 334% preferred.—
5,600,000
Hfereuics Powder;Co.; *5'% Pfd.'* 9,619,400
Hewitt Rubber Corp., common* =X 1,740,940
Hat Corp.,
/538,580
" 1
Co., yeat,^
Hollander & Son, Inc.:
Hinde & Dauch;,Paper'
(Ak)
* T* 52,035
stock
Common
;
t/$2.25
preferred
Household
v :
Exch. Am. Int. Corp. stock
Working; capital pld stock
just listed
'M-
—I—
Conversion of preferred
Refunding
'
Conversion of preferred
Refunding, corporate pur-.
1,961,050 T poses
•
■
153,100 Conversion, of preferred
Corp./..,4
Finance
capital
Refunding, working
Reclassification of $6 pref.
working capital
Old stock just listed
Acquis.,
Acquisition,
conv.
of pref.
capital
Refunding, working
Acquisition of .constit. co.
3%%
'(-•
637,261
17,000,000
100,000
2,126,300
capital stk1,750,700
..:■ ..y"-;-" ■ •':■•/
Joy Manufacturing Co., com/-- ->;•
Lane Bi*yant, Inc., 4%%. pfd,/
Corp.,
Link Belt Co.:
Common
Lukens
■
(95,978
Steel Co.,
shares)—
common-—
Macy & Co., Inc^:
Common
(63,354 shares)/—
<R.
H.)
(Genn
L.),
Refunding
stock Just
Old
Exchange-for
listed
6'/2% pref.
Refunding
Exchanged for 6%
Old stk.
Martin Co.,
com/-
pref.
Just listed, acquis.
• of
preferred c..
Conversion
SOock 'dividend
,,
.
;
r,:
.....
pref.
•
—-—;/
preferred
'
-)
Stock dividend
.
(54,572 shs.) ; *1,758,135
common
Life Savers
Exchange for $8 pref.
10,000,000-Exchahge"fer 5%
preferred
(F. L.)- Jacobs Co., common-?/:/
Johns-Manville Corp.:
■
*7,211,222
20,000,000
68,785
1
Working capital '
iaoBTS)•
9,500,000 ^Refunding r
,•
International Business Machines
Purpose of Issue
Stock dividend
•>
<297,370
American Airlines,
60,009,000
Co--:.-
shares)—
Allied Stores Corp., 4% pfd,-Common
201,378
3 3/4%
Corp.:
Hamilton Watob Co.,
/
agree-
funds
Corporate purposes
Guantanamo
plan
.>/
:
*382,345
„
MISCELLANEOUS STOCKS LISTED
AND
329,285
7,500,000
Hart Schaffnen &■ Marx,; com._
merger
corporate
General
309,000: Acqulsltiqh
.
Common
vi
Refunding
per
y
.
Reclassification of $6 pref.
Common
....
Old stock just listed
Issued
/
corporate
dividend
Stock
& Rubber Co.:
(W. T.) Grant Co
///:/;%///
$178,936,644
INDUSTRIAL
Refunding
;
Stock dividend
159,000.
——
pfd.
%
Refunding
6,200,000
10,000,000
Houdaille-Hcrshey C0rp.;:
'•
.per, merger agree¬
with D. & H.
Investors
shares)---^
(15,000
Greyhound
./",.>.//*•'
..
/ /,:"/
■.
:
Refunding, working capital
Acquisition
Graham-Paige Motors Corp.:
./'.
:
*1,523,800
(15,238 shs.)__
;/.'*
per
etc.
Corporate purposes
5,559,320
.
/Uy/// /Western Union Telegraph Co.:
Class A stock
Issued
•;.'
/ ' ,i
1
•18,876,900
'■
.
»••./
......
4,500,000., Exchange for 2d- PEeL
*
•' '
:;*'** ; •.* '
*6,065,200 -Aequisltion of Constit. Co.
Co.:
5% convertible preferred—
Union Electric Co. of Mo.: '
$4.50 preferred (60,652 shs.)
,
..
7,500,OOQ
Twin City Rapid Transit
-y""'.
•„
shares)— *25.007,520
5% preferred- ———L—:
;
'■
Refunding
Refunding*
Common. (2,'500,758
Acquisition
Acquisition,
793,706
Goqdall-Sanford,, Inc., common
1
.
"
com.—? 9,734,480
Light Corp.,;
•.
common
(188,769 shares) —
com. (66,557 shs.)
-
Co.
;; 7 :; (/Tennessee Gap & Trans. Co.:
/*;///
' '
.
Acquisition
*7,500,000
1,070,100
/ v.. 414.%: preferred
Gimbel Brothers, Inc.:
Old stock just listed
/ 1
Penn.
'•
Acquisition of constit. co.
[-'[■'y :• v v'i
/ 1,337,620
Common'-'.—
*
Conversion, pf debentures
'
Co.:
3.90%.-preferred.
Power & Light Co.:/.;;,
--i'
Refunding
Gas. Light
./New York Power &
——
—
American
General Tire
'.
//v':
Capital stock „—i-^* " 7,340,800 Conversion of debentures
Edison
Commonwealth
/
>/>
«•
,
/ ■
General Printing Ink Corp.,:
$4.50
-
1,500,000 shs.) ♦14,887;944
/...Common stk,
'.
.".I*/;
..
Exchange
v"
&
Conv. of gen. mtge. 4s
/• *';**;•:
•
Issued per reorg. plan ;
Purpose of Issue
$78,376,900
'
Stores,
(75,000 shs.j-L-
Co.,
stock Just listed
listed
V'
Mills,
Corp.,
25,000,000
50,000,000
50,000,000
"* ••
imp. 4s. series C 2019
Pacific Ry.: <
ref. 37'eS 1985.—
Jnion Pacific RR.:
:
1
Ref/ 2s series' B 1990-L——
Arginian. Ry.:
■..
1st lien & ref-. 3s ser. B 199o
Vabash' RR.:' *
/1st mtge. 3'is series B 1371Gen.
7,910,800
of
Ref. &
roxas
■-/'
Refunding
Refuirding
-
3^8 series-D 1980
RR.
Lduisr
r
-
.
.
!
•—
,
'
•
1975—55,000,000
mtge.
rerminal
"
'"!
'
<
u/
.
,
Refunding
53,119,000,
ilensselaer &
Gen.
;,
Refunding
3Ws series F
Pe're Marquette Ry.:
■/:
Merger of Constit. Co,"
Amount
of Stock—
Capital stock :. __I
Central Hudson Gas & El, Corp.:
JV--'1:* •
Refunding f0
Gen. mtge.
mtge.
;*;_/•{-
25,982,000
Pennsylvania RR.: •
-•'1st
.1
yr L
53,835,00d Refunding
58,000,00ft
Connecting RR.J.
series B 1975———
Pacific Ry.:
2%s
.Purpose-of Issue
DURING; THE YEAR 1945
fiAmerican Tel. & Tel. Co,:,
?
33/4s series D 1975—_—
3'/4s series E 1980—-
Ref.
How
■
Refunding
27,500,000
Old
31,000-
Inc.,
Glidden Co.,
Exch. for existing bonds
__—;
Trailer
stock just
'.•//;/
stock just listed
Old
808,030
$4.50 preferred,—
Inc., 3%% pfd.
General Precision Equip. Corp,:Co,,
$56,133,800
Company and Class
ref. 33bs series
& ref. 2TaS series
'
"
t.
4,181,ood
&
R.R
' '
Old
Co.:
__;
preferred
Common.
PUBLIC UTILITY STOCKS LISTED
.
Louisville &
1st
'
.
.'1st ref.
1st
'
*
*
mtge. 4s ser. D 1963
City Terminal Ry.: r' ;
serial 234s 1948-74
—
$27,914,000
preferred (224,914 shs.)L *22,491,400
Minneapolis & St. Louis Ry.: *
^
> ' /
.Common (57,284. shares)..—^5,728,400
6%
Refunding
Refunding, working capital
—
■•"/■: r:
(62,800 shares)--—* 1,448,459
Common
Capital stock ;„Li.————;/
cos;
capital
Acquisition
550,000
Inc.:
Department
General
1945
37,500,000 Refunding
...
RR. Joint:
.
co.
Acquisition of constit.
Exchange for 40-year4 6%
(Robert) Gair Co., Inc., com.—,
., 97,628,
; /.-/
y
6 %' preferredr _u——1,952,560 /. income notes ". /
Gar Wood Industries,. Inc.:
';
4V2
preferred 4
3,500,000 Acquis., working capital
-
,
constit.
of
Merger
purposes
;Great, Northern Ry.:
35,000,000. Refunding
37,500,000 Refunding
'
Kansas
Amount
Company'and Class of Stock—
Refunding
35,000,000
30,000,000
Refunding,. new
common
Fruehauf
Delaware & Hudson Co,:
Refunding
6,000,000
Food Machinery Corp,, common
.
LISTED DURING THE YEAR
STOCKS
Refunding
Refunding, working capital
Stock dividend
com._
Inc.,
/vS Common /.
Refunding
$417,559,900
RAILROAD
33,S00,OOO' Refunding
—
Common
■
,/> /
Refunding,
Flintkote Co.:
-
3,000,000
24,000,000
3!/4s series C 1970-
M&M
merge?/agreed
•
jo.————
Farnsworth Television & Radio
Issued per /merger plan/;
Red.
bank* loan, working'
6,395,000
1970—
,
.
Refunding, working capital
Pay bank loans, etc.
Cleaner
Vacuum
Eureka
,
^5,000,000: Refunding
.
capital
Working
5,000,000
EKCO Products Co., common—<
1,968,750
4y2% preferred-^;
L——3,600,000
Emerson Radio & Phonograph •
> "
' •
Corp., capital stock——/
2,000,000
,
Petroleum
1st mtge.
•
,
.
1970—/—/
debentures
Baking
7,360,000
,
Z
'
505,462
3,748,425
78,203
common-
preferred
Common
/
Refunding
,
•
/
1
Stainless Steel Corp.:
4V4%
.■■'yyy ;:yy; .v;:
'
listed
Ref landing
*363,265
—1—
stock—
Federated
'
pref.
etc.
etc,.
Expansion,
50,000,000 Refunding wdrklng .capital /// Inc., 414% preferred——-' J .3,955,500
yj,
:
Common; (29,900 shares)—v
*299,000
• 10,000,000
Refunding- x
/
. ,
.
Ferro Enamel Corp., commori-L//
58,264
,
reorganisation;
16,000,000
stock just
Old
,
Skelly Oil Co.:
23A% debentures 1965———
Trl-Continental Cqrp,;
2Vtl& debentures. 1960?—-—
ment
5,500,000
.
Old stock just listed
Capital stock
Bros. Stores,
Inc.:
;
hnpts.,
Additions
478,385
Edison
Issued, per merger plan
/• :
- .•
Reclassification of 8%
5,000,000
i———
preferred
Eastern
■
,
■
; .
^
.(Joseph' B.0 • Seagram * & Sons,/
Union Oil Co.* of Calif.:
40.000,000
"
,
Co.:
Industries,
3%%
v
Issued per reorgan. plan
^debentures.. ,1965—. 14,490,000
Can
A
General
Erie"RR.:
1st ponsol. 3 Ves series F 1990
^ 1st Consol. 3 Vis series G 2000
f 1st consol.'2s series H 1953-
' ; ;
dividend
Raynolds Co., Inc.:
&
Dresser
-
/ v 3 (4 % debentures 1965——
per*
25,000,000
*25,357,500
Doehler-Jarvis Corp.,
•
-.•
(
Issued
——
(253,575 shs.)
preferred
Common,
Devoe
cajiltat
*
.
10,314,900
/
Co.:
f;.
/
y
,
'CO,.:;:-;■......: ' ..y. y
;
of N. Y. L. & W. RRt- v
•:
Spencer SteeL^
Refunding, working capital
preferred (275,000 shares) *13,750,000
Zellerbach Corp.: *■
/ ;
y
$4.20 preferred (353,103 shs.) *35,310,300
./•' $4 preferred (176,552 shares) *17,655,200
10,000,000
Cudahy Packing Co., 4l/a%- pfd.
446,560
Cuneo Press, Inc., com. stockCunningham Drug Stores, Inc.:
Purchase of aircraft, etc.
10,000,000
Philadelphia & Reading Coal dt
Iron
/.
•;>•/••• ••
corp, :•
-
Warren
:
Stock
$2
,
s
-
-
1970i_
3Vis
8ink. fund mtge.
Pennsylvania
debs,
3,931,400
15,934,950
with
merger
per
Wickwire
Crown
-
.
.
.
.
-
,1
Refunding, Corp: purposes
4
13,000,000 Refunding, Corp. purposes
^
■
;
16,500,000 Refunding, Corp. purposes
■:%;
19,500,000 ; Pqst?wan deyelopmeni:
;
3 Va °'o
debentures 1955i.
Exchange for capital stock, / Wheeling Steel Corp%
1
'.
Refunding
1
Co,:
debentures 1965--——
2% '/£>
5,897,000
'A'
*297,848
;
Crane Co., 3%%
preferred—
Crown Cork & Seal Co., Inc.:
Common (72,653 shares)——
15,000,000 Red. short term loana
1
,
■
•-/*/. /
13,000,000. Refunding, Corp. purposes
"-V.•••"«'.■ -. J-' ' •
51,422,100
West. Div.) 1973
Income
mtge. bonds
(N. Y.
Lack. & West. Div.) 1993.
Morris & Essex Div. coll. trust
' V
Issued
Credit Co.:
# 3 V2 c/o preferred
40,000,000
i
.
.plan,
/■'
RR.:
em
'
,
•"*
,,
2%.% debentures 1970———
Lehigh Coal & Navigation Co.:
,y.
57,256,600
inc. .4y2s
r
" .2044'Z—?.—
.Delaware Lackwanna &- West-,.
<
,
35,000,000' Refunding, working
conv.
mtge.
*5,636,200
Corp.;
(150,000 shares)- *15,000,000
Corning Glass Works, common
13,185,540
Purpose of Issue
75,000,000
(B. F.) Goodrich Co.:
•
Gen.
Refunding
V
pref.
$3.75
1st mtge. 23/4s 1965—^—^
Household Finance Corp.//'
y
per:
Old stock Just listed
/•
.
(9,608 shares)
$5.50 preferred
_
"
/
„
"
—-—
3.60%
Co.:
shares)-
(1,127,240
Common
1
America:
1965—
debentures
2%%
!
Issued
.
Amount
mtge. 23/4s 1970—
debentures
.Deere '&
Refunding
■
Iron
&
Pictures
Commercial
$30,000,000 Refunding,
Continental Baking
Refunding
RR.:'^w
mtge: 4« series A 1994-^s- '? 59,515,100
Pacific
>
59,000,000
Refunding
Champion. Paper & Fibre Co.:
3% debentures 1965——_—
•
54,000,000
Fuel
Common
Refunding
Bonds—
y
v
inc. debs, (sub.)
Celanese Corp.. of
;
9,4bO,o6o;
*12,500,000
Colorado
v,
-1
Refunding
4,271,610
common
funds
Exchange 6% preferred
10,000,000
MISCELLANEOUS BONDS LISTED DURING
AND
cum.
Consol.
•
Refunding
i
—
Columbia
13,000,000
General
2,000,000
stock
*
1975
Pittsburgh
'
Refunding
Bethlehem Steel Corp.:
Refunding
40,000,00.0
preferred..
plant facilities
Additional
*157,945
Colgate-Palmolive-Peet Co.
$3.50 preferred (125,000 shs.)
$1,437,914,000
.
,
'
I
65,000,000>
of
Conversion
Paper & Fibre Co.:
preferred
.50
35,000,000
Company and Class of
Armour & Co.:
$12,142,842,500
•
3 VaS 1985—_——re!V'3Hi-1974—Li--.-,
Chicago & Eastern Illnols RR/*/;
1st 3%s series B 1985-—---;
Chicago & North Western Ry.:v?
v
1st 3s series B 1989——;/-./#
Chicago Milwaukee St Paul &
let &
dividend
Stock
509,830
common
499,507
Continental
Gen.,
& ref.
1st
//
Corporate purposes
►1,234,746
Common
■
INDUSTRIAL
-
$4,187,100: y & H.
*5,042,900
working capital
Continental Baking Co.:
'
Susquehenn RR.
1975Burlington & Quincy
Refunding,
Certain-teed Products Corp.:
Corp.,
City Stores Co.,
.
on-account of- which, the,several, bond
and stock issues listed during the year were dssuedi; aregiven in the following tables: *
s
^
\
RAILROAD RONPS LISTED DURING THE YEAR 1945
/:
/ Company and Class of Bonds—
Amount
Purpose of Issue
Issued- per - merger/with ;D.
..General A V»«
10,000,000
—
Refunding, working capital
pref.„
Refunding
,.
The* purposes
Albany &
purposes
dividend
Stock
877,654
15,000,000
Refunding
Carrier
Champion
.
Corporate
*133,402
com.—
^
.
capital
Working
7,500,000
pfd._
purposes
dividend
'
Stock
Co.:
Refunding
3s 1965—
Union Electric Co. of Mo.{
:: 1st mtge. & poll, trust 2%s
y
1975
^
Virginia Electric & Power Co.:.
- 1st
ref..23/4S 1975^.-——
Corporate
703,040
(49,390 shares)--
Refunding
"
"
Mills
debentums 1985-^C.iAy7^.000,000
Tennessee Gas & Transmission
;;
2%
"
-
334%
stock just listed
Old
5,000,000
3,000,000
stock
Celanese Corp. of America:
Common
(157,945 shares);.-.?
Celotex Corp., 5%
preferred—
2%^
1st mtge. pipe line
I
.
(50,429 shares)—
pref.
Common
Refunding
.
Co.:
•
-
common..
Co.,
Refunding'
y
;
.
Inc.,
115,000,000
1st & ref. 3s series M 1979—■■ 80,000,000
1st & ref. 3s series N 1977
' 49,000,000
Southern Bell Tel, & Tel. Co,:
2%%
debentures 1985—^
45,000,000
Southwestern Bell Telephone Co.:
,
States of
'
$4.25
series L 1974__
ref. 3s
1st &
,
„
Dry Ginger Ale, Inc.:
Cannon
Refunding
Co.:
Electric
of
AcquisitionStock
dividend
39,424
—
Mills Corp.,
preferred —I
Brothers, 4'/2%
Canada
.
3s
3%
;
'
Butler
Refunding
—.
1975-_i—^ 93,000,000
sink, fund debent. 196527,000,000
1st
4%
.
2%s
1st
'
bonds
of
Reclassification '
240,750
com.—
Burlington
'
■
,
pur¬
...
.
Conversion
7,022,000
2,256,200
(Edward G.) Budd Mfg. Co.,
Common (40,425 shares)
1975_—r_s26,089,000
& Electric "Co.:
:
1975
35,000,000
Pennsylvania Power &
Light
;"k' "
Co.:
Edison
Co.:
BrLstol-Myers
Refunding
2%- Treasury
*
Refunding
I— 113,825,000
—_
corporate
Repayment of borrowings
shs.) *15,000,000
pfd._
listed
just
poses
shs.) *16,152,000
common-
preferred
Stores,
Bond
Refunding
Ohio
Corp.,
Howell
41/4%
...
1975^-
23/4s
stock
Refunding,
Common
50,000,000
.
;.
&
Refunding
York Power & Light Corp.:
1st
RE LISTED
America:
:
. t, .
"
bonds 1952-54—
Trfeasury. bonds 1966-71———————
Aircraft
Bell
Refunding
27/aS, 1975-
1st
New
•
!-
,
United
Old
.
45,500,000
Co.:
Power
Consumers
Beatrice Creamery Co.,
Bell
v:
,
1977—„ 180,000,000
•Morris & Co., Ltd., Inc.;
.
32,722,454
preferred
Co.:
Edison
1st mtge. 3s series L
»;
&
Co.; $25,000,000 3.60% preferred stock of Commercialy
Credit Co.; $20,000,000 4% preferred stock of Allied |
Stores Corp.; $19,984,700 4% preferred stock of Philip £
during 1945;.
com.
Vi'/e-
Barker Bros. Corp., 4
Refunding
48,000,000
1974—
Electric Co.:
1st mtge. 2%s 1975-———mtge. 3s
Gen.
.
stock, of Anderson Clayton
^GOVERNMENT BONDS- LISTED- AND« AUTHORIZED' TO
./; • r during -the tear 1945 . ;
.
Refunding, working capital
stock
Common
Refunding
*7,000,000
Central New York Power Corp.:
r
188,769 shares of $4.50 preferred
stock (no par) of Gimbel Brothers, Inc.; $5,000,000 3^%
preferred stock and $13,185,500 common stock of Corn¬
ing Glass Works; $17,000,000 3Vz%preferred stock of
:Johns-Manville Corp. and $17,000,000 4%%' preferred
/stock of National Supply Co.
.
' • .
,
.
<••• '
The following table shows at a glance Government
/bonds listed and authorized to be listed on the Exchange
1975
k
^
{Stockr $32,722,454 common
Purpose of Issue'
Amount
Company and Class of Bonds—
Tel. & Tel. Co.:
.
1945
LISTED DURING THE YEAR
PUBLIC UTILITY BONDS
-•
shs.)
(70,000
Anderson, Clayton & Co.,
Armstrong Cork Co.:
$3.75 preferred (161,522
Aviation Corp,: '
$2.25 preferred (300,000
Baldwin Locomotive Wks.:
pref.
cumul.
'
Glass Corp.:
Anchor Hocking
$4
Refunding
400,000
stock
Common
Acquisition of constit. cos.
Cq.:
Locomotive
American
Purpose pt Issue
■<
96,334
Capital stock
Refunding
Wheeling & Lake Erie Ry.:
Gen. & ref. 2%s ser. A 1992_
Amount
Products Corp.
-American Home
Terminal-Cop¬
Washington
Class of Stock—
Company
Purposeof,Issue
Amount.
Company and Class of Stock-
Northern Pacific Ry. $55,000^
000; Pennsylvania. RR.L and Virginian Ry. $60,000,000
each and Pere Marquette Ry. $50,000,000.
/ :
;C
r; Public
utility' bonds listed included two .issues of
American
Telephone &
Telegraph Co,, aggregating
$335,000,000; Commonwealth Edison Co. with an issue of
$180,000,00©;*Consumers Power Co., $113,825,000; Penn¬
sylvania Power & Light Co. two issues totaling $122,000,Q6Q;.;Pacific. Gas &. Electric. Co.,. three issues. footing.fup. „
$244,000,000; -Southwestern Bell Telephone Co.; .$75,000/%
000 and New York Power & Light Coi.with an, issue/of?
$50,000,000. '
'; //(•";'/
' >•// .0/':'•/•/
i;
•. Among the industrial and miscellaneous bonds listed
we
find $75,000,000 Bethlehem Steel Co. consolidated
t3%s; $50,000,000 Joseph E. Seagram & Sons, Inc. ZV4%
debentures; $40,000,000 Celanese Corp .of America 3%
'debentures; $35,000,000 B. F. Goodrich Co. 1st mortgage
2%s and $30,000,000 Armour & Co.Z4Ms% cumulative;-,
income debentures.
,
.v-m-v ■
In the public utility group the principal stock issues
(listed were $78,376,900 capital stock of American Tele.phone & Telegraph Co.; 1,500,000 shares (no par) com¬
mon stock of Central Hudson Gas
& Electric CorfJ.; 2,500,758 shares (no par) of common stock of Pennsylvania
Power & Light Co. and $24,000,000 3.90% preferred stock
of New York Power & Light Corp.
■
5
|
Industrial and miscellaneous stocks listed included
the following: $49,000,000 R. J. Reynolds Tobacco Co. '3.60% preferred stock; 300,000 shares (no par) of Tide
Water Associated Oil Co. $3.75 preferred; 353,103 shares
of $4.20 preferred stock (no par) and 176,552 shares of |
$4 preferred stock (no par) Crown Zellerbach Corp.;;:
.$23,000,000 Standard Oil Co, of Ohio 3%% preferred
.Western Ry.; $54,000,000;
1619
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4475
163
*1,423,012
3,279,760
Stock
Old
dividend
stock just
•>.
.v-
listed,.
Corporate purposes
Purchase Stk. of
.
eonstit.
co.
Refunding
Stock dividend'
Refunding
Old
stock just
listed
;
*1,746,796
10.000
Acquisition
Corporate purpose*
(Continued un: page 1620)
/„
"
1620
THE COMMERCIAL & FINANCIAL
CHRONICLE
"!
Company and Class of Stock—
Listings on the New York Stock
Exchange for the Year 1945 g
Amount
Martin-Parry
Common
Corp.::*
y1'. '■
(10,000 shares)
Marshall Field
&
Common
'
■-r
3% %
»'V;
preferred
15,000,000
Corporate
Mengel
Co., common™..
preferred
________
purpose
Conversion of preferred
Corporate
39,435
748,000
Sun
Thermoid
purpose
Common
stock
663,030
preferred
Murray Corp.
4%
Old
7.098,440
J.)
shs.)
Airlines,
17,000,000
Refunding
-
:
.
Prior
15,000,000
Old stock just
10,000,000
-7
United
Refunding,-corporate pur-';
listed
77
;>
"/ poses
;
'
Line
preferred———i.__
common
" *'
*
•
v-'.
14,000,000
,•* '*
.
;>,:i
Pennsylvania-Dixie Cement.'
Corp., capital stock
;7.v'V'7:7/v;^
1—
3,785,600
<
•
com.
stock just listed
Stock dividend
t
Issued
1,444,086
preferred
per
plan,
19,984,700
; *
570,962
Pictures
Co.,
!
r
1
Refunding
1
stock—_
2,250,000
Old stock just listed
Co., Inc.__—
185,663
•
j
Inc.,
common
Pressed Steel Car
sion
Ralston
Purina
Co., 3%%
Remington Rand, Inc.,
pfd.
10,000,000
7
com
•
Inc.:
:
Stock
3.60%
982,406
com._
preferred
1
(Jacob) Ruppert,
common——;
Safeway Stores, Inc., common.
Scott
Paper
Common
Servel,
Co.:
Stock,
\
Old stock Just listed
6,395,200
3,000,000
Old
Acquisition
(shares)-r
-
pref.
49,000,000
2,500,000
2.987,112
Working capital :
Old stock just listed
Stock
7
a
Acquisition
*6,000,000
Post-war requirements
,L
'
Common
Kiss Smith
on
*597,976
China-
War
Old stock
*9,700,000
the
of
not
opening
active trade relations with
bill
a
China, the China-America Coun¬
reported in Associated
cil of Commerce and
counts
nounced
on
Industry
an¬
Feb, 23 that Miss A.
Viola Smith, who for the
past two
years has been the organization's
Press
vision
in
the
legislation denying
benefits
the
GI
Shanghai, where
rights. The provision
was
she will be the
China representative of the Coun¬
cil.
Miss
Smith, former Trade
Shanghai,
and
spent
Consul
than
more
years in China as an
the U. S. Commerce
,
official
and
Philippine,
or
advices
Lee
H.
press
20
The
of
State
date,"
President
the
Council. "Now that trade
with China is
beginning to
open
tup
and
the indications are that
few months there will be
steady flow of goods in both
within
a
a
directions it is important that
American business firms
get on-
the-spot information as
developments in China.
to current
Miss Smith it is stated was the
first woman to be appointed into
the Foreign Trade Service of
the
United States. The
Council7 adds:
As
bulk
ordered
lotted
especially
to
to
the
which
the
had
War and
which
we
;
'
them at the
been
al¬
obli¬
not
time
the
war
common
bill
Navy appropriation reeision
were a
bill prescribing condi¬
which freight for¬
under
China, she
common
the
problems
ican
She
has
confronting Amer¬
concerns
over
miles
is
in the China trade.
traveled extensively all
China
covering
100,000
by automobile alone—and
well
—
known
in
Governmental
and business Circles in
every part
of that country.
The China-American Council of
Commerce
and
located
30
at
New York,,
Industry
Inc." is
Rockefeller
•
4
Plazay
Inc.,
par)
Marine
Asso¬
'v.;'
tobacco
in
burley tobacco
to
national
determine
the
&
Mfg.
-.v-;
penalty
marketed
in
for
ex¬
Council
Christ
in
of
the
America
v
COMPANIES
S.
Supreme .Court
against
Post
Associated
"To
rate
on
no
Press
advices
Washington Feb. 4 said:
Frank
on
a
7J
Postmaster 7 General
Walker banned
"Es¬
C.
quire"
the
ground it
postal
use
law
did
"disseminate
requirement
information
or
of
a
be "devoted
literature, the sciences, arts
or
and
a
utilize
may
services
Under
-
the
freight forwarding
legislation, the Associated Press
reported, forwarders and common
carriers
cooperating
^
with
them
permitted to make rate agree¬
ments, subject to ICC approval,
are
similar to emergency agreements
in effect during the war.
1
The
bill
of. bur ley
to
stabilize the
price
tobacco, passed unan¬
asks
toward
the
their fruition,
27,000,000 Protest¬
in America represented
by
the Council to give
increasing aid
to those 7made destitute
by
war.?:
port,
the
,7.7
"Our
as
dedication," states the
re¬
given in the New York
"Times," "therefore, is to the pro¬
gressive realization of the
dignity
and
of
worth
of
man
in every area
life—political, economic, social,
and
religious; to the world-wide
achievement
of man's
individual
freedom, under God," to think, to
believe, and to act responsibly ac¬
cording to the dictates of his own
This, we believe, is in¬
conscience.
dispensable if God's will for
is to be full-filled."
disciplinary action against
Office
use
>
7
man
;
V
319,896
12,531,264
17,287
298,699
FOR
VOTING
TRUST
■
.
536,654
,
this
publication today
because its contents seemed to
official
not
good
for
the
public
economic views seemed
to another official."
harmful
;
General
with
no
power
to
a
be "devoted
or
special industry."
to
-'
Navy Bill Would Give
China
lower
Under
bill
a
unanimously
with
the
prior
consent
of
ves¬
sels,
such as landing-craft, de->
stroyer escorts and minesweepers 7
The
permit,
Press
also
measure
according
to
Washington
con¬
would 7
Associated
advices,
the
sending of advisory groups by the 7
Navy to China, with a limit on /,
years,
and
a
a
period of fiye
further amendment
allows the Navy to transfer
equip-
by parcel post, and last June the
ment
United
maintain transferred ships.
ruled
in
Court
favor
of
of
the
Appeals
magazine,
and
materials
Earlier, it
to
China
to
stated, the Naval
was
criticizing government agency at¬
Committee had been told by wit¬
tempts to "compel acceptance of
nesses
its literary or moral standards re¬
corts and
lating to material admittedly not
able
obscene."
Eastern
Justice
the
.
,
■
Douglas,
.
in
delivering
W
ships could be made by the Presi¬
such missions to
additional $500,000 yearly to mail
ap-
proved by the House Naval Affairs 7
Committee on Feb. 5, transfers to 7
China of surplus American battle- 77,
ships, carriers and other fighting 7"
order would force it to
spend an
j
Surplus Ships
Federal courts, protesting that the
States
,
riodical diseminates."
sent.
appealed
pre¬
scribe standards for the literature
the art which a mailable
pe¬
could be transferred without
"Esquire"
f
or
class privileges a publication must
some
U
"Congress,"
Justice 7- Douglas
added, "has left the Postmaster
Congress, and surplus lesser
law 7 requirement
or
.
fv-r
t„
not
literature, the sciences, arts
,'
one
would sanction withdrawal of the 7
second class rates tomorrow from
another periodical whose social or
"disseminate
to
*
17
withdraw the second class 77
dent,
the inexpensive second
public character"
^
^
,
Of ShS.7
:
the
of
v
601,100
,
on
information
^
No. of Shs.
did
"Esquire"
postal
a
that" to
Department
that
ground
2,520,000
23,575,588
2,618,373
3,749,526
%;
_
from
urges co¬
ants
of
carrier motor truck lines;
bill to stabilize the price of
hurley tobacco.
and
special industry."
The
2,585,952
for three
not
the inexpensive second
public character"
some
8,853,224?
ciated Press:
Office
Justice Jackson took
Former
meet
1,620,000
! 1,998,470
sion, said, according ta the AssoV
part in the case. Stating that the
verdict upheld a lower court deci¬
from
'&■*;.-'V,r!
594,288
3,986,522
;77
Minneapolis St. Paul & S.S. Marie Ry.—.
ruled
decision.
SHARES
■
.
.77 2,340,000
2,734,704
CERTIFICATES
7*777''
mailing privileges to "Es¬
quire" Magazine. Justice Douglas
delivered the high court's 8-to-0
Post
Co.,
(from $10 to $5 par)
common
(from $5 to $2.50
SUBSTITUTING
Department action to bar second
to
common
,
:
a
operation
269,852
3,370,218
to 7-. .'•;•••••/•
BEEN PREVIOUSLY LISTED
class
sion,
906,000 <
2,381,108
;-.".7? >V-'V- ''v:
SECURITIES FOR WHICH CERTIFICATES OF
DEPOSIT WERE
I . ISSUED, THE SECURITIES THEMSELVES HAVING :
class privileges a publication must
Federal
307,500'
\f7
Morris (fc Essex RR.,
capital stock
U.
4
649,762
1,615,260
>
Reports Standards
held
77
for
$100
par
Mail Privileges
Restored lo "Esquire"
The
:
1,099,092
1%: 600,000
1,400,560
par)
that to
of
par for 1 no par)_
(three for one)
class A (2Va $12.50 par
■
820,270
v
,
1
<
■
Adams Express Co., certificates of
deposit for common stock
Guantanamo Sugar Co., deposit
receipts for preferred stock
and
meet
The
No. of Shs.
,
Roebuck &
Federal Church Council
.g
Churches
'
Airways Corp.
:
secur¬
Feb.
by'7.777
shares
r.
American
and
burley;.
Proclamation 7< of
Organization, the report
cause."
'
warders
in close touclr with
House
cess of quotas from 10 cents
per
pound to 40% of the average mar¬
ket price for the preceding year.
Navy De¬
had
the
Increase
stock
Co.,
additional listings.
or
whether growers favor quotas;
<
Other legislation signed by the
President on Feb. 20 besides in¬
cluding the $51,000,000,000 Army
facilitate American business with
was
new
;
unspent ap¬
Congress
which
canceled
much for the
tions
designed
These
marketing quotas for the 1947
burley and flue-cured crops and
holding of referendums for each
3.
Co.
,
tion
law
?
issued during, 1945,
certificates were is¬
quotas and acreage allotments for
of
1,014,730
listed
Co., capital stock (four for one)
Standard Oil Co, of Ohio, common (from
$25 to $10 par)
Sterling Drug Co., common (from $10 to $5 par)_?
Westinghouse Electric Corp, pref. (from $50 to $12.50
par)_
> Common(from $50 to $12.50 par)
>7 7:7
the 1946 crop of
kind
no
Sears
list of securities
a
Reductions
2.
600,226
230,000
Pittsburgh Plate Glass Co., common (from $25 to $10
par)_
Safeway Stores, Inc., common (from no par to $5
par)
Schenley Distillers Corp., common (four $2.50
were
special three-day meeting
on
ended.
postwar problems, at Colum¬
'7■77-;; -7 - -7;'77;-;,: ,7...7;,.;.; ■ 7.; .7 -7.7 7;-' 7;
Mr. Truman said in a statement bus, Ohio, at which, on its
closing
be realized there are
"practical day, Mar. 7, a report was adopted
difficulties" in applying the GI committing % "the 7 churches
of
benefits to the Philippine veter¬ Christ" to the establishment of a
ans.
new
order
But, he added, the legislation
among
mankind of
does
not
"release
the
United "brotherhood, /freedom, and jus¬
States from its moral obligation tice," as the "moral essential to
to provide for the heroic
Philip¬ enduring peace." Applauding the
pine* veterans who sacrificed so purposes of the United Nations
and'
of
of
propriations
the
China
Trade Act, the Federal
incorpora¬
Registrar
attached
quote, which also stated:
possible
Bristol,
from
in
gated
stated
of
"legislative rider,"
amendment, according to the
at
of
give
we
by7: the Secre¬
tary of Agriculture in marketing
major
bill
to the bill as a
partments,
earliest
veterans
army
under
Department. "The China-America
Council
has
long
planned
to
establish headquarters in China
the
ac¬
from Washington on Feb.
20, which said, however, that in so
doing, he sharply criticized a pro¬
Washington representative, was
sailing that day from Seattle for
Commissioner
Old stock Just listed
Senate, according to the
ciated Press, provides for:
signing by President Tru¬
of
man
shares
Co., Common (2 $5
Carbon
Raynolds
$3.33Vb
considered by us as
canceling out $51,786,811,921 in appropriations voted
by Congress during the war, was
of
of
■
660,000
(from $5 to $2.50 par)
Pan Handle Eastern Pipe Line
Co., common (2 for 1 no par)
Philip Morris & Co., Ltd., Inc., com. (from $10 to
$5 par)/
value; the amounts given represent the
by
split-up
'-par),
exchange for voting trust certificates without
1.
&
1
value.
imously
number
.' ;,
Outboard
7:7
Just listed
7 The. tables' follow: 7777 ■■ <7 ;§ 7
pfd.'
changing
$50 par) ___—:___—
Refunding
299,922
following tables
Appropriations
The
Commerce & Industry
up of
Reclassification
companies
Pan
'.
Cancel $51 Billion in
America Council of
In preparation for
-
already listed
are
(46,332 shares)-.
1,500,000
"-j';■"■'•r
1,749,840
405,000
par
par)_______77 2,212,167
are not included in the above tabulations as.
they
represent substitutions for securities
(L. C.) Smith & Corana Type¬
writers, Inc.:
no
Sugar Co., common from no par to $1
par
Department Stores, Inc., common from $1
par
Lane Bryant, Inc., common
(2 for 1 no par)
Loew's, Inc., common (3 for l no par)__
Louisiville & Nashville
RR., capital stock (from
listed
ities;
.
—
from
2,000,000
$2.50
Industries, Inc.; common (from $1 par to 50c.
par)
T.) Grant Co., common (from $10
par to $5 par)
Household Finance Corp., common
(3 for 1 no
Acquisition
409,954
changing the number of shares listed, etc.
*5,500,000
;
(60,000 shares)
stock just
311,750
in
(from
______
list of companies for
which new
sued
split-up
Y.
—
May Department Stores Co.;
for which certificates of
deposit
-
N.
(W.
Issued per merger plan v
Issued per merger plan
Lines, Inc., com._
Chlorine Products
..."
In the
Co.- of
Dresser
1
dividend
Insurance
No. of Shs.
$10 par
Devoe
dividend
.
Old stock just listed
J.••
par
Columbian
'>P
1
Corp., com.
Corp.:
stated
Fire
par)___-ta__;___^———
Investors, Inc., common
Bulova Watch
co.
4,064,125
or
without
listed
Steel Co., common (from
$25 to $10 par)Archer-Daniels Midland Co., common
(2 no par shares for 1)
Best & Co., Inc., common
(from no par to $1 par)___-u:
Bristol-Myers Co., common (two $2.50 to one $5
par)—
/>
i.7-::
802,149
Air
declared
409,313
stock
shares
Acme
$944,625,985
preferred
of
100,000
Inc.—
:
Exchange for $6 pref...
300,382
Electric
•Indicates scares of no
par
*'
136,840
Inc.:
$4.50
-I'
'v< •"
/'
'
■
,
Acquisition of constit.
Working capital, etc.
732,495
i
conver¬
number
Co.,
of
■
Manhattan Shirt Co., common from
$25 par to $5 par____
National Tea Co., common from no
par to $10 par
Texas Gulf
Producing Co., common from no par to $1
par-
7
Corp., $2.75 pfd. (97,000 shs. )
Willeys-Overland Motors, Inc.:
.
Republic Aviation Corp.,
(R. J.) Reynolds Co.:
■
value
American
$1
>
100,000
preferred
Westvaco
7
Corporate purposes
91,570
-
capital,
of
•
Tobacco
iar
?-V
-v'7a" i.
*2,700,000
Common
Working
f; i'
435,107
763,479
•
_
Stock dividend
-.
Issued per merger plan
Plough,
•
*14,759,800
common.
Petroleum
Western
;
;7
.
*
1,932,084
to
77
900,000
1,050,957
*_
Guantamano
to
.
l_l_"
,
7v!
Co.,
to $10
par
Westinghouse EI. & Mfg; Co.: 7
reorganization
Pittsburgh Consolidation Coal
Co., common stock—_____—
refunding
Old stock just listed
Old stock just listed
660,000
Foreign Securities ;V
'77'■
' 'i'V
Baking
Warren
7.
"
pref.,
Fidelity-Phenix
77
common
8,580,948
•''>
L_.
to
Webster
changing
Manufac-
Common
refunding 7 ' "
$3
co.
acquisition
Conversion of preferred
5,459,400
&
Common
Phila. & Reading Coal & Iron
Co., common
i..;;
Philip Morris & Co., Ltd., Inc.:
cum.
Inc.,
&
5V2 %
conversion of pref., merger
etc.
••
Old
constit.
cap.,
to
changing
Refunding
*347,312
common
Westinghouse
7,500,000
1,000,000
—__
(Chas.) Pfizer & Co., Inc.,
S.
Ward
>
Pennsylvania Salt Mfg. Co.:
Common
*30,000,000
Common
purposes
of
Co.
OP
Financial
■■'v .■v'--. ';i '
i 7.Continental Insurance Co.,
capital stock s(from $2.50 par to
$10 par)
_____________
Film
shares)
preferred
Universal
Refunding;'.;,^
2,610-7Corporate
,
•
Kaufmann
.
Airlines
—
co.
debentures
Refunding, working capital
Acquisition
*99,960
Common
Vf.j.
,
of
Corp.:
'
Pipe
Exch.
6,000.000
$4.50 preferred (147,598 shs.*)
U. S. Industrial
Chemicals, Inc.:
Common (60,000 shares)—
U. S. Plywood
Corp., common.
capital
Purchase of equipment,, etc.
(347,312
Merchants
turers,
U.
7; 7'
Working
5,879,972
Century-Fox
com.
.;77.;- Corp.,
7
•'•••
constit.
General
——
T.
Underwood Corp.J
to United-Rexall Drug Co., $4.75
preferred
companies
Water
Corp.,
,
/:•"" '♦
*1,648,710
2,500,000
United Cigar-Whelan Stores
'\-y.:
7
-
'
.
.——
Pennsylvania-Central
Corp.,
.
Acquis,
Working
Inc.:
(1,960 shares)
Twentieth
expansion
'77;
of
58,960
Associated Oil Co.:
$3.75 preferred
(300,000 shs.)
Airways Corp.:
Eastern
Co., 4%
Plant
Tide
Acquis,
83,000
—
preferred
Common
Inc.:
stock
Panhandle
con-
listed
Working capital
"■
(183,290 shares)—
Pan American
Capital
Old stock Just
*
Newberry Co., 3%% pfd.
Common
listed,
Products,
preferred
*1,250,000
pfd.
Refining Co.:
(600,000 shares)—.
Northwest
Just
of
5,225,000
preferred——
Sugar
Common
4%
common.
pref.
I.
C.
,_
dividend, acquisition
Conversion
Fisher
Webster-Eisenlohr, Inc.
Acquis., working capital
31,000
Elliott
United Drug Co.
7:''-7
7r7:."
■.;
Acquisition
454,680
to
Printing Ink Corp. to Sun Chemical Co
Underwood
notes, ;
prepay
acquisition
12,500,000
_^
Thompson
1
of America:
series
National Supply Co., 4Vz%
(J.
stock
version
5,400,000
__
National Gypsum Co.:
$4.50 preferred (12,500
National
Old stock Just listed
Corp.,
Co.,
$3
preferred
$2.50
Moore-McCormack Lines, Inc.:
Common
_;
$2.50
Chemical
,
Mojud Hosiery Co., Inc.:
Refunding,
—
Corp.
Eagle Picher
Lion Oil Refining Co. to Lion Oil
Stock
common.
Trust
to
NUMBER
-
■
No. of Shg,
Refunding
108,050
common—
3V2% preferred
Studebaker Corp.,
;
:
Investment
CHANGING
listed-
V'
General
546,000
Drug Co.,
-■'O
Corp., common
Eagle-Picher Lead Co.
WITHOUT
shares
v-
77 "77 7
'7
NAME
•••'•
>-s
,
Monday, March 25,1946
-
Corporate purposes
23,000,000
com.
preferred
Sterling
7'7.'
/
CHANGING
.
debentures
Commercial
*24,490
15.000,000
preferred
Inc.,
of
Refunding
(Ohio):'
Stokeley-Van Camp,
,
Refunding 7
15,000,000
——_
shares)—
,
Standard Oil Co.
>■i1•,
Working capital ;..'.
(4,898
preferred
5%
preferred
May Department Stores Co.:
5%
*
Conversion
—
Co.:
4V* %
$3.75
;
COMPANIES
..V,
Common
Purpose of Issue
54,000
—
7
(A. G.) Spalding & Bros., Inc.:
$4
Company and Class of Stock—
Purpose of Issue
■
28,667
Spicer Manufacturing Co.:
$2 preferred (70,000
shares)-' *3,500,000
(E. R.) Squibb & Sons:
(Continued from page 1619)
:
Amount
•
that gifts
of destroyer es¬
landing craft would
China
to
waters
en¬
help
defend
Far
and
relieve
the
United States of troop and mate-
high court's upholding deci¬ rielrcarrying chores.
v
[Volume 163
THE COMMERCIAL & FINANCIAL
Number 4475
.
State and
M.
Jefferson County (P. O. BirmingV;-;
ham), Ala. '■
School
Bonds
Awarded—An
Warrants
with
ing to $3,000,000 and offered for
on March 15—v. 163, p. 1205—
was awarded to a syndicate com¬
posed of the First National Bank
Memphis, Glore, Forgan & Co.,
New York, W. H. Newbold's
Son & Co., of Philadelphia, Leftwich &
Ross, of Memphis, Ira
Haupt & Co., of New York, Kings¬
bury & Alvis, of New Orleans,
Tripp & Co., of New York, New¬
man, Brown & Co., of New Or¬
leans, C. H. Little & Co., of Jack¬
son,
Scott, Horner & Mason, of
Lynchburg, and Trust Co. of Geor¬
gia, of Atlanta, as 1.10s, at a price
of 98.875, a net interest cost of
1.18685%. /Dated
Feb.
1,11946.
Denomination ,$1,000. • D u e on
Feb. 1, 1949 to 1970.
The next
highest bidder was:
Equitable Securities Corp.,
Stranahan, Harris & Co.,
of
.
Co., Cincinnati,
First National Bank,
Montgomery,
Thornton; Mohr & Co.,
First of Michigan Corp.,
.Robinson-Humphrey Co.,
'
-
-
For l%s
!
<"
1
„
for
Sch. Dists. (P. O.
Bond
Wade,
County Clerk, will receive sealed
bids
until ;10
a.m.
(PST)
on
March 26 for the; purchase of the
following coupon bonds amount¬
ing to $2,282,000: • v
$850,000 San Leandro School Dis¬
trict bonds, not exceeding 5%
interest. Due $34,000 May 15,
fied check for $2,000 payable
100.0598
k
Price Bid
York,
■
America
Feb.
Dated
tion
163,
p.
to the Bank
Trust
National
$1,000.
18, 1946. Denomina¬
These bonds are due
certified
to
'
,
$4,000 in 1948 to 1970, and
$5,000 in 1971. Enclose a cer/
tified, check for $1,000, pay¬
able to the County Treasurer.
600,000
Hayward Union High
School
District
bonds,
not
exceeding 5%* Due $30,000
May 15,<1948 to 1967. Enclose
a
certified check for $2,000,
payable to the County Treas-
350,000 Sari Lorenzo School Dis¬
trict bonds,, not
exceeding
4%V Due May 15, as follows:
,
First National Bank,
*
Minneapolis, and
Seasongood & Mayer,
;
jointly,
.
$10,000 in 1947 to 1961, and
$20,000 in 1962 to 1971. En¬
■
close
certified
a
check
for
for 1 %s
99.04
Blyth & Co.,
- ' ,"1,
Sterne, Agee & Leach,
First National Bank,
Birmingham,
Watkins, Morrow & Do.,
Hendrix & Mayes, and
Merchants National Bank,
l
Mobile, jointly,
in
1957
certified
1966.
to
check
Due-March 1,
about 1.111%;
from 1948 to 1962.
$1,000,
payable to the County Treas¬
.1948 to 1965.
.1
Dated March 1,
$1,000.
Denom.
1946.
Interest M-S.* Other bid¬
ders were
as
follows:
Price Bid
Bidder
National
Trust & Savings Association,
San Francisco,
^
for $900,000 iy4S-_
.100.901
//for $800,000 lV4s __.___100.661
Harris Trust 8c
Savings
Bank, Chicago,
Trust Co.,
Francisco^ "
,
\
1;
'
<
.
/
j
Weeden & Co., and
Southern County Bank,
Anaheim, jointly,
for $900,000 iy4s
for
$800,000 1 %s
R. H. Moulton &
100.283
___.102.073
Co., and
.
Security-First National
urer.
Bank, Los Angeles,
15, 1946. Denom¬ / jointly, for $900,000 D/is-lOO.^l
for $800,000 l%s
A01.088
$1,000., Bidders will be
ARIZONA
permitted to bid different rates of Blyth & Co.,
Maricopa County Elementary Sch. interest and to
split rates irre¬ Wm. R. Staats Co.,
Dist. No. 1 (P. O, Phoenix),
spective of the maturity of said Heller, Bruce & Co., and V
bonds. The interest rate stated in Redfield & Co., jointly,
Bonds Voted—An issue of con¬
the bid must be in a multiple of
for $900,000 1
>.101.307
struction
bonds
amounting
to
for $800,000 iy2s—____.101.084
44 of 1%. Principal and interest
$1,750,000 was favorably voted at
payable at the County Treasurer's
Redwood
For iy4s
98.817
Dated
May
ination
♦
„
the election held on March 9.
-
ARKANSAS
Arkansas
(State of') V
,
Jr., Secretary of the State Board
of Fiscal Control, has announced
that the Board has purchased, via
tenders, $83,000 3%% serial series,
highway refunding bonds, dated
April 1, 1941, at a price of 102.44,
to yield 0.80%, and $1,700,000 2%
United States Treasury bonds of
Dec.
15, 1954/52, at a r price of
105.495 flat, to yield 1.22%.,
; .
3%%
Districts,
Paving
Called
Bonds
—
refunding bonds
are
called
payment on April 1:
Paving District No. 2 bonds, Nos.
31RB to 39RB.
Due Oct. 1,
y
:
Paving District No. 2 bonds, Nos.
40RB
1947.
to
48RB.
Oct.
Due
1,
(These bonds amount to
$18,000, at
interest.)
par
and
accrued
/,■'•
Paving District .No. 3 bonds, Nos.
30RB
,
/
,
to
,34$B.
Due Oct. 1,
1946.-v'
•j-
;■
..".f
■V
>.;/.?££
J'*
£r* ' '' *
Costa County (P.
Bond Sale-r-The series
!
*
O.
Martinez), Calif.
—
The school bonds
Bond Sale
A, issue
of 1944, city plan bonds amount¬
$200,000
ing
to
sale
on
and offered for
March 20—v. 163, p. 1487
awarded
to
the
amounting to $7,000 and offered
—were
for
Harris
Trust & Savings Bank, of
p.
sale
March
on
18
—
v.
163,
1334—were awarded to Hanna¬
ford & Talbot,
l%s, at
as
basis
of
April
1,
000.
a
••
'•
1.748 %...
about
These
v'
of San Francisco,
price of 100.014, a
Dated
1946. Denomination $1,bonds
1948 to 1960.
**'•
,
are
(-
.'*/$'Z'Vv': '* YV'-
due
from
J.
Fresno
County Easterby Sch. Dist.
(P. O. Fresno), Calif.
Ark.
The ! following
for
1946.
V
Contra
Bonds Purchased—F. A. Storey,
Blytheville
City, Calif.'
office.
;
Bond
Offering—E. Dusenberry,
County Clerk, will receive sealed
bids until 10 a.m. on April 2 for
the
purchase
of school
bonds
amounting to $40,000, not exceed¬
ing 5% interest.
Dated April 1,
1946.
Denomination $1,000. Due
$4,000 April 1, 1947 to 1956. Prin¬
cipal and interest payable at the
Treasurer's
office.
A
reasonable
time, not to exceed
10 days, will be allowed the pur¬
chaser for the purpose of deter¬
mining at his own expense the
County
and
Bank & Trust Co.,
St.
.
/COLORADO
Las Animas Sch. Dist_
(P'. O. Las Animas), Colo.
>
Bond Election—An issue of con¬
Bent County,
Due
as
>
<
$283,333.33%, 2%s,
•
$1,412,500.00, Is, and
$4,166.66%, 2s
.100.07.
High
follows: $23,000 in
1947 to 1965, and $13,000 in
May, 1,
Louis, jointly,
For
•
struction y bonds
amounting
to
$160,000 will be submitted to the
voters at the election to be held
on
,
April
16y//;;;//;/;/yy/,,///;'/'y//' '••///•
Delta County
Sch. Dist. No. J
(P. O. Delta), Colo,
Bonds Sold—An issue of
m
v
con¬
amounting
to
$300,000 authorized at the election
held on March 4, was sold.;
/
struction /i bonds
1966.
Chicago,
and Hannaford & Talbot, of San
Francisco, jointly, at a price of
100.039, a /net interest cost of
1.049%, as follows: for $15,000
maturing $5,000 June 1, 1947 to
1949,
as
June
1,
Dated May 1,
tion $1,000.
.
for
4%
5s, and $185,600 maturing
$10,000 in 1950 to 1958,
of
bid
bonds
800,000 Excelsior Union High
School District bonds, at a
price of 100.939, basis of about
1.15%.
Due March 1, from
Enclose
for
Union
•
Mercantile-Commerce
Alli¬
bonds.
District
Co.,
Pressprich & Co.,
R. W.
1946. Denomina¬
Principal and, interest
Fort Collins, Colo. // '.
/?.
payable at the County Treasurer's
Chicago, as 1Y4s:
office.; The approving opinion of // Bond Election—An issue of mu¬
plant
bonds
$900,000 El Monte Union High O'Melveny & Myers, of Los An¬ nicipal -/sewage
amounting to $250,000 will be sub¬
School District bonds, • at a
geles, will be furnished the pur¬ mitted to the voters at the election
price of 101.19, a, basis of chaser. Enclose a certified pheck
San
a
R. H. Moulton &
$45,000 in 1952 to 1965, and
$40,000 in 1966.
450,000
Barstow
Union / High
School District bonds,
Due
,
1486—were awarded to a syn¬
dicate composed of Halsey, Stuart
& Co., C, F. Childs & Co., and
Mullaney, Ross, & Co., both of
America
000
Heller, Bruce & Co.,
Co.,
Chicago,
Denom.
/ May 1, as follows: $15,000 in
1947 to 1950, $20,000 in 1951,
p.
Treasurer.
50,000 Mt. Eden School District
bonds,
not
exceeding
5%.
Due May 15, as follows: $3,000 in 1947 to 1956, and $2,-
-
fered for sale on March 19—v. 163,
$1,500, payable to the County
i
School
■
Northern Trust
will
Clerk,
Redlands
$750,000
and of¬
$1,700,000
Bank of America
,
•
y
1946.
Offering—Harry L.
County
■•..
Milwaukee,
jointly,
•'
For $283,333.33%, 2%s,
$283,333.33%, l%s, '
and $1,133,333.33%, ls__100.077
sealed bids until 11 a.m. on
(P. O. Los Angeles), Calif.
bonds
amounting
1,
receive
April
1, for the purchase of the follow¬
ing bonds amounting to $1,200,000,
not exceeding 5% interest^'/V/
son,
Angeles County Sch. Dists.
Los
-
April
The next highest bidder
Weeden & Co., for $134,000
Bond
&
$50,000 in 1947 to 1951.
The
next - highest
bidder was
the
American Trust Co., San Fran¬
cisco, for 34s, at a price of 100.26,
^
R. S. Dickson & Co.,
B. J. Van Ingen & Co.,
Martin, Burns & Corbett,
Fox, Reusch & Co.;
First National Bank,
St. Paul,
18—v.
cisco, as 0.65s, at a price of 100.116, a basis < of about 0.607 %;
.
Union Securities Corp.,
Shields & Co.,
March
on
1,
•
1V2S, at a price of 100.508, and
$70,000 lV4s, at a price of 100.302.
...
follows:
were as
1970.
a
was
Bond Sale—The following
1965, and $25,000 in 1966
Enclose
bonds
school
Savings Association of San Fran¬
Enclose a certi¬
1947 to 1971.
sale
1969.
/
/.
and
Milwaukee Co.,
$1,000.
1334—were awarded
of
Oakland), Calif.
Offering — G. E,
.
Dated
amounting to $250,000 and offered
v'
CALIFORNIA
.
Alameda County
1947 to
from 1947 to 1960.
Standard School
Sale—The
Bond
C. F, Childs & Co.,
of
April
a
Due
70,000 Mission School District
'■/'f; bonds, as iy4s, at a price of
/// 100.041,
a
basis
of
about
1.243%.
Due $5,000 April 1,
Calif.
that time.
basis
101.312,
1.374%.
about
from
(P. O. Bakersfield),; i
deposit with the paying agent at
$1,500, payable to
the County Treasurer.
97,000 Castro Valley School Dis¬
trict
bonds, not exceeding
5%. Due May 15, as follows:
■"
.
County
District
check for
___
Other bidders
New
Kern
on
of
price
bonds, and the bonds must
be taken up and paid for within
five days after notice has been
given that they are ready for de¬
livery.
Enclose a certified check
for $1,000, payable to the Board
of Supervisors.
called, provided
payment are
to
Corp., Nashville, and
Stubbs, Smith & Lombardo,
Bidder
their
for
to
Cumberland Securities
-
at¬
335,000 Hayward School District
bonds,
not
exceeding
5%;
Due May 15, as follows: $5,000 in 1947 to 1950, $10,000 in
1951 to 1961, $20,000 in 1962
Provident Savings Bank &
jointly,
coupons
issuance
the
of said
to the County Treasurer;
Mobile,
:
funds
;
First National Bank,
,
unmatured
all
and after date
on
of
Trust
on
with
$134,000 : Barstow Union School
District bonds, as iy>s, at a
had
proceedings
the
connection
in
tached, .at the Commercial Na¬
tional Bank, Little Rock, and said
bonds will cease to bear interest
sale
Inc.,
are
payment
issue of school warrants amount¬
of
legality
:;-y- ;•/.
to be presented for
and after April 1,
1947.
City Department
BOND PROPOSALS AND NEGOTIATIONS
Paving District No. 3 bonds, Nos.
35RB to 42RB.' Due Oct. 1,
ALABAMA
CHRONICLE
to be held on
the par value of the
for, payable to the
County Treasurer.
Bond
San
of building
.
Harris Trust & Savings
San Francisco,
.
1946. Denomination $1,000.
highest bidder was the
American Trust Co., San Fran¬
/
Day,
v
Weeden & Co.,
cisco for
First Boston Corp.,
of
101.366.
;
'
.
San Bernardino County
;
Sch. Dists.
(P. O. San Bernardino), Calif.
Bond
Sale — The
following
bonds
amounting to $204,000 and
for sale on March 18—
offered
v.
163, p. 1334—were awarded to
Bank of America National
the
Trust
&
Savings
San Francisco:'
"
Association, of
"
Bank, Chicago,
^
,J
^
'•
and
Hannaford & Talbot,
other bidders were as
/-jointly,
For
t
National Bank,
Chicago,
■ 'V
Halsey, Stuart &
Blair & Co., Inc.,
-
'
.
.
——
';;;
;>
1
»
Bidder
Putnam &
For
;
Co.,
Par
r._——__
.
Y,;' y.;/V;
// •;/■
Halsey, Stuart & Co.,
For, % s
___
/;/^
_-
___100.105
■'
R. L.
/•'.
3/4s
Price
vv/
r
<
Co.,:;
Phelps, Fenn & Co.,
'///
follows:
:;
$340,000, 23/4s,
$453,333.33 V3, %s,
and $906,666.66%, Is
First
1487—were awarded to
Stoddard & Williams, of
New Haven, as s/4s, at a price of
100.062, a basis of about 0.735%.
Dated April 1, 1946.
Denomina¬
tion $1,000. These bonds are due
on April 1, from 1947 to 1954. The
163,/; p.
June 1,
$200,000 iy4s, at a price
dormitory
revenue
„
American Trust Co.,
next
Boulder), Colo.
Sale—The
bonds amounting
to $2,950,000 and offered for sale
park improvement bonds amount¬
on
March 15—v." 163, p. 120&—
ing to $100,000 will be submitted
were
awarded
to
a :'syndicate
to the voters at the City election
headed by Blyth & Co., of Chiz
to be held on April 9.
cago, and Boettcher & Co., ofDen¬
/ San Jose, Calif. 'c ■■■ t>
ver, at a price of 98.43, a net in¬
Bond Sale—The $1,700,000 sew¬ terest cost of 2.03655%, as follows;
For / $377,000
maturing y $22,000>
er of 1945 bonds offered for sale on
March 19—v. 163, p. 1487—were Nov. 1,1948, $23,000 May and $25,^
awarded to the Bank of America 000 Nov. 1,1949, $25,000 May and
National Trust & Savings Associa- $27,000 Nov. 1, 1950, $28,000 May
tiori of San Francisco, at a price; and $37,000 Nov. 1, 1951, $38,00(1
of
par,-, a. net
interest cost of May and $50,000 Nov, „l, 1952,
0.90089%,j as follows: for $283,-; $50,000 May and $52,000 Nov* L
333.33
maturing $56,666.66 Dec. 1953, as l%s, $666,000 maturing
/15, 1946 to 1950 as 2
$1,020,-/ $52,000 May and $53,000 Nov. 1.
000 maturing $56,666.66 Dec. 15, 1954, $53,000 May and $54,000 Nov_ ;
1, 1955, $54,000 May and $55,000
1951 to 1968 as %s, and $396,Nov. 1, 1956, $56,000 May and
666.66 maturing $56,666.66 Dec. 15,
1969 to 1975, as Is.
Interest J-D. $57,000 Nov. 1, 1957, $57,000 May
Dated Dec. 15, 1945.
Denomina¬ and $58,000, Nov. 1, 1958, $58,000
tions $1,000, $500 and $166.66. The May and $59,000 Nov. 1, 1959, as
next
highest
bidder yvas the l3/4s, and $1,907,000 maturing $60,000 May and Nov. 1, 1960, $61,000
Bankers Trust • Co.,
New « York,
Harriman
Ripley & Co., Inc., May and $62,000 Nov. 1,1961, $62,000 May and $63,000 Nov. 1, 1962,
Equitable Securities Corp., First
$64,000 May and $65,000 Nov. 1„
of Michigan Corp., and Schwa1963, $65,000 May and $66,000 Nov_
bacher & Co., jointly, for $226,1, 1964, $67,000 May and $68,000
666.66 2%s, $283,333.33 3As, and
Nov.
1, 1965, $68,000 May and
$1,190,000 Is, at a price of 100.04,
$69,000 Nov. 1, 1966, $70,000 May
a
net interest cost of 1.0104%.
and $71,000 Nov. 1,-1967, $71,000
Other bidders were as follows:
May and $72,000 Nov. 1, 1968, $73,Bidder
Price Bid 000 May and $74,000 Nov. 1, 1969,/
Glore, Forgan & Co.,
$74,000 May and $75,000 Nov. 1,
Central Republic Co.,
1970, $75,000 May and $76,000 Nov.
Chicago,
1, 1971, and $276,000 May 1, 1972, '
Kalman & Co.,
as 2s.
Dated May 1, 1946. Denom.
Cruttenden & Co.,
$1,000. Interest M-N.
Stone & Youngberg,
Mullaney, Ross & Co.,
CONNECTICUT
and /
/
Milford, Conn.
Fox, Reusch & Co.,
Bond
Sale—The
school sit£'
^/jointly,
bonds amounting to $76,000 and
For $170,000, 2%s,
.
/.
offered for sale on March 20—v.
and $1,530,000, Is :LiiL__100.00:
Bond
$15,000 in 1959 to 1961, and $10,000 in 1962 to 1966, as Is.
Dated
The
^
University of Colorado (P. O.
'yy/pyiXy;;
Fernando, Calif.
Election—An
issue
April 2.<
Day & Co.,
For Is
^
t.jiUf
•
___1Q0.59:.
THE COMMERCIAL & FINANCIAL CHRONICLE
Stamford, Conn.
Sale—An
Note
issue
The next
of tempo¬
:
163,
—v.
1487—was awarded to
p.
the First National
ton, at
Bank, of Bos¬
discount of 0.49%. Dated
a
March
20, 1946. Denoms. $50,000,
$25,000 and $10,000.
These notes
are due on Nov. 20, 1946.
^
•
FLORIDA
highest bidders
were:
or
.V; '■,*>■:
Hemphill, Noyes & Co.,
4 ^
•
Equitable Securities Corp.,
Stroud & Co.,
Hornblower' & Weeks, 4 v*
Ayzykr
First of Michigan
CorpY^v! Y Y<<-:
Robinson-Humphrey Co., ■
•,
Emerson Cook Co.,
'
,•/
j. M. Dain & Co., and
Ogden & Co., jointly, j)
For $1,020,000, 3s,
- /,
3 $275,000, 2s, and,
' 'V i
$1,855,000, iy4s U—_—100.00
Shields &
notes amounting to $400,000
and offered for sale on March 19
rary
Co.,
est
Bond .Sale
:
The
—
'
4%
Sumter
County road and bridge refunding
amounting to $16,000 and
bonds
offered
for
163,
sale
March
on
19—
1487—were awarded to
County State Bank, of
Cross City) at a price of 107.81, a
v.
the
p.
000,000
basis
of
about
0.504%.
The
next
•S'f'7 '
••
-fa
'.*• ~
g-
\
vt
'Fort Pierce, Fla.
Certificate
—The
No
■
Issuance Authorized
City Commission recently
Superintendent
Public
that
the
Board
no
tenders
received
were
on
"Z ATampa, Fla. y:y[yy::'{ f-•:'/•"
revenue certifi¬
amounting to $700,000, not
exceeding 3%
interest.
Dated
April 1, 1946.
These certificates
due in 1947 to 1976.
1
■"
Bond
Offering
P.
—
R.
Bour-
quardez, City Clerk, will receive
sealed
bids until 2
1 for the
p.m.
on
purchase of water
April
reve¬
nue
Highlands
County Sch. Dist. (P,
O. Sebring), Fla.'
Bond
Offering — Fred
Wild,
County Superintendent of Schools,
will
receive
sealed
bids
until
2
April 16 for the purchase
following bonds amounting
$130,000, not exceeding 3%
coupon or registered bonds
amounting to $500,000, not ex¬
ceeding 4% interest.
■
Dated Feb. 1, 1946.
Denomina¬
tion $1,000.
Due $25,000 Feb.
1,
1947 to 1966. Bidders
p.m. on
ed
of the
rates in
to
interest:
•
v
$85,000 Spec. Tax Sch. Dist. No. 2
bonds.
Due April 1, as follows: $2,000 in 1947 and 1948,
3^;, $3,000 in 1949 to 1951, $4,000
in 1952 to 1957, $5,000 in 1958
;to
1963, and $6,000 in 1964
.
,
to
;'i
1966.
-
V bonds. Due
April 1, as follows:
13"' $1,000 in 1947 to 1951, $2,000
in 1952 to 1958, $3,000 in 1959
,to
1964, and $4,000 in 1965
and 1966;
Dated
to
and
the
name
are
request¬
interest
rate
April 1,
cumstances
1946.
All cir¬
equal prefer¬
each
bidder
must
specify in
his bid the amount and matur¬
ities of the bonds of each rate. No
bid may name more than three
interest rates and all bonds of any
one
maturity must
at the
rate.
same
bear
interest
The bonds will
be awarded to the bidder
offering
being
est interest
cost to be
cost to
the
City, such
determined by deduct¬
ing the total amount of the
mium
bid V from
the
pre¬
aggregate
amount of interest upon all of the
bonds until their respective ma¬
turities.
and
No
accrued
bid
of
less than par
interest or for less
will be given to the bid for
than all of the bonds offered will
par and accrued interest, or bet¬
ter, specifying the lowest interest
ap¬
Principal and in¬
the Chemical
Bank & Trust Co., New York City.
The principal and interest of the
proving opinion of Chapman &
Cutler, of Chicago, will, be fur¬
bonds will be payable solely from
the Tampa Water Bonds Sinking
ence
cost
for
said
standard
nished.
bonds
bond
Enclose
for 2% .of. the
said bonds.
as
tables.
a
shown
The
in
certified check
t
■
1
bonds
were
Voted
—
amounting
The
to
$376,400.87
favorably voted
at the elec¬
tion held
on
into
March 6:
which
^
general
revenue
obligation
part
any
ing
April 9:
storage
300,000 parking
Monroe
areas
cree
bonds.
Bridge District (P. Q.
Key West), Fla.
.
'
j
f,
4> Bond Sale—The series of 1946,
SBA
refunding bonds amounting
$3,150,000 and offered for
on
March
were
19—v.
awarded to
a
bonds
and
the
revenues
payable, includ¬
for
were
such
purposes.
validated by de¬
of the Circuit Court of Hills¬
rendered
on
.;/!] borough viCounty,
March
8,
1946.
The approving
and Toll
to
•
-,j
County Overseas Road
.
of
and
reserves
The bonds
reservoir
/V
bonds and all
system is or
may be required to be applied, as
such principal and interest shall
become due
water
the
of the water works
be submitted to the voters at the
and water main bonds.
of
bonds for the payment of
election to be held
,$400,000
City
sufficient
works
which
Miami Beach, Fla.
•
Bond Election—The
following
bonds amounting to $700,000 will
sale
163, p. 1334—
syndicate com¬
opinion of Masslich & Mitchell, of
New York
without
City, will be furnished
cost
Bids to be
on
to
the
purchasers.
forms furnished by
the City Clerk. Enclose a certified
check for $10,000, payable to the
City.1
for
River
Bond
Offering—Jas.
by
Court
States, and
valorem
all
the
District,
rate
or
4
Sulli¬
District.
Said
livered
bonds
and
the
purchaser
pared- to
Federal
be
awarded
bidder
to
Bonds
Reserve
in
Chicago on
livery of said
proposal
The
interest.
1958, as IV2S. Dated April 1, 1946.
Denomination $1,000.
acceptable
i'
i
'
:4
k
r-i-.r.
be
be
the
Bank of
de¬
bonds
The
pre¬
•
of
registered
to
of
are
office.
as
of Chicago,
as
a
was
due
The best bid shall be the
bid
specifying
the
lowest rate of interest and if two
bonds
deposit accompanying bis
bid Will rbe returned, m : r;
v
-
$1,000. These bonds
Kentucky (State of) - -> ,w
1, from 1947 to
f Denied Railroad Tax Claim—
highest bidder The State Court of
next
l%s/
at
Appeals •fe-
Co.,
jected
price of
a
Hoisington, Kan. I
Election—An
issue
its due
of
for
hospital bonds amounting to $90,000, and water works improve¬
v
v
\
^
^
to $25,000 was
to legality by
Charlesj
Trauernicht, of St. Louis. These j
bonds are dated March 1, 1946.
!
vY'";&■'•£*- Y
v-1
•*
•■''3 'v<_'
>'<•
u'Y'
,
t
.
<
on
Common¬
sum
?
a$ v
$28,641,600 in dividends
1936-43
paid to the company
by ♦ its subsidiary, Louisville &
Nashville? RR;, which operates i&
Kentucky.
'
*
•
V
The Coast Line Is chartered iii
.
'J
J". v 1
'
vj
(
..
-
INDIANA
any other case exactly the same.
These bonds are due' April 1,\ He - added that the
Lebanon,Jnd.
Court's pur¬
Bonds Called—A, E. Lewis, City 1947 to 1956. Bidders to name
thej pose was to determine the inten¬
Clerk-Treasurer, -calls for pay-! rate of interest in a multiple of! tion of the Kentucky General As¬
ment on
May 1, 2%% electric Vs of 1%.
^ sembly k in: the A wording; of
utility revenue bonds Nos. 3.93 to >
KENTUCKY
221, amounting to $29,000, part
of an original issue of
$285,000.! Franklin County (P. O. Frank* ]
Dated May 1, 1942. Denomination
fort), Ky,
$1!i000. Due May 1, as follows: $2,Bond Sale—The school build-;
000 in 1957,
$17,000 in 1958, and ' ing revenue bonds amounting to
$10,000 in 1959.. ;:
j $303,000 and offered for sale on;
»
Said bonds so designated for re- March 15-^-v. 163, p. 1488—were;
i
demption will be paid on or after awarded to Pohl & Co., of Cin-1
May 1, 1946, at the office of the5 cinnati, at a net interest cost of,
Dated
Clerk-Treasurer, in Lebanon, or 1.465%.
April
1,
1946.'
at the LaSalle
at
National Bank, in
par, plus additional
the amount of 6% of
the
interest
redemption,
said
bonds*
to
upon
date
of
surrender
of
with
all
coupons
attached that mature on and after
said redemption date.
-
due
are
April
on
1, from 1947 to 1964. Other bid¬
ders
were
thereof, plus
accrued
bonds
These
follows:
as
/
■
Net
•
Bidder
b,y
proper
instruments of assign¬
transfer in
to
anyone
cases
where
„
other
than
the registered owner is desired.
Interest will
cease
on
all
such
called.
IOWA
Dubuque
School District, Iowa
Bonds Voted—An issue of school
bonds amounting to
$750,000 was
favorably voted at the election
held on March 11.
Hopkinsville, Ky+ i
Bond Offering—Hattie C. Wood/
the
will; receive
Clerk,
City
bids until 10
a.m. on
purchase
works
of
revenue
sealed
March 26 for
$200,000
series
B
water
bonds,
not
exceeding 2% interest.
De¬
nomination $1,000.
Due May 1,
1970.
All bonds will be optional
for
redemption on any interest
payment date on or after May 1,
1947, upon terms of 100 plus ac¬
crued interest plus additional in¬
terest equal
to 3% of the face
amount.
Less
bonds shall be
than
all
of
said
on a
optional
income
t-h
:
vK';>.
'
:
;
c-l ; v a
'■
.
tax
statutes
do
not
"in¬
receipt of dividends by
foreign corporation (one char¬
a
'Interest Cost
W. L. Lyons & Co.*
1.655%
Bankers Bond Co.,,
Louisville"
r1.694%
,
.
Coupon bonds registered as to
principal should be accompanied
to the Legislature intention/ he
continued, is one that would prof
duce "uniformity,
and equality ;
and result in just and equitable
treatment, e c o n o m i,c stability,
practical administration/ and give ;
recognition to the principles of
x-eciprocity between the States.'*
Therefore, Judge Stanley said,
the/Court holds that Kentucky's!!;
clude the
1
<
the
State's incomertax statutes. ;
The construction to be- applied
par-
tered
in
another
stock
of
a
* ':/•>>A,
State)
the
on
k
domestic
corporation;!?
(one
chartered
in
this
Stato)
where the stock is held solely as
investment
an
has
ration
or
State."
Y;
The
Line
otherwise
;;;■••■ '
.■;
record
showed
51 %
owns
the L. &
of
the
$1,145,664 and
interest, $1,212,668.
Coast;
stock
The income
N.
tax
of'
de¬
penalties
Paducah, Ky.
.
Bond
Offering
Williams,
will
10
Acting
receive
a.m.
chase
on
—
Charles
City
sealed
•";»
bids
until
March425 for the pur¬
:
-
A.
Manager,
2% 'municipal
AAOlonld •' >
of
:•'.!]
hospital
.
,
>
?
'
the
manded
and
and;.
relationship to busiby the foreign corpo¬
its
property
in the
done
.ness
or
fair
no
••
A
the
Virginia and has it» principal of¬
fice in WiMington^ N, C.,; and i
Kentucky's highest court declared
Wichita, Kan.
Bond Offering-The City Clerk that/ even Assuming it operated
in- this State, there was no basis
will receive sealed bids until
101 for it
having to pay income tax -on
a. m. on March 26 for the
purchase
earnings from its -investments in
of the following bonds
amounting
Kentucky. ^
to $243,831.59, not exceeding 5%
|
The opinioh, written by Judge
interest:
Osso W. Stanley, a Commissioner
$221,831.59 curb, gutter, paving! of the Court,
explained that 'a:;
and sewer bonds.
i
complete survey failed to disclose
22,000.00 park bonds.
|
*
as
22
$2,358,332
income - tax
claim against the Atlantic Coa^t
Line Railway.
!
/''-A
:
The State demanded the
san¬
amounting
Feb.
on
wealth's
<sewer
and disposal plant ment
bonds amounting to $80,000,
improvement bonds amounting to
will be submitted to the voters
$1,500,000 will be submitted to the
at; the election to be held on
voters at the election to be
held;
April 2.
.'
on April 9,
t
bonds
law or such
case the
Dated March 1,
E. J. Prescott & Williams
Bond
Sanitary District, iU.
&
income tax
shall be
subject; tov Ken-;tucky ad valorem taxes, the sue? I
cessful bidder
may, at his election,
be relieved of his obligation to
purchase the bonds and in such
102.135.
itary
approved
type and character shall be
under any Kentucky or
Federal
Nov.
on
The
*
jointly/ for
April 9.
St. Clair and Monroe Counties Sch.
Dist. No. 193 (P.O. Dupo), III. !
Bond Legality Approved — An!
issue of
1%%
school building I
1, 1947, Upon
In the event
prior to the delivery of the /
bonds the income received by pri¬
vate holders«from bonds of the
will be submitted to the voters at
Bond Election—An issue of
up
or
that
Co., of Des Moines,
price of 102.14, a basis
1946. Denom.
are
Peoria, III.
4 Bond Election—An issue of City
hall bonds amounting to $1,220,000
Rockford
on
time prior fo May
payment for same.
the Iowa-Des Moines
to
1V4S, at
1965.
■
on
1
and pay for said
before noori of May i
1,1947, although he shall "have the
option of taking delivery at- any
bidder
was
& Co., at a
same
of about 0.986%.
bonds
the election to be held
take
bonds
Nat! Bk. & Tr.
April 9.
■
to
ure
1965.
Bond Sale—Ah issue of hospital
bonds amounting to $100,000 and
offered for sale on March 18 was
amounting to
$50,000 will be submitted to the
voters at the election to be held
!
guaranty of good
as a
taxable
awarded
house
These
to
Spencer, iowa
Crawford County (P. O. Bobbinson), ill.
Bond Election — An issue of
court
1948
-1
be sold subject
faith, this amount to be forfeited
to the City as liquidated
damages
by the successful bidder upon fail¬
March 11.
on
bonds
opinion
of
approving
Chapman5 & Cutler,
will be furnished.
lor $4,000.00
Voted—An issue of $125,000 improvement bonds was fa¬
vorably voted at the~election held
The" printed
the
1.375%.
in
next; highest
payable at the District Treas¬
and
due
to
furnished by the City.' Each bid¬
der must furnish a certified check
on
price of 101.16,
a
about
sale
p. 1335—were
Pella
National
the
Pella, at
for
are
the
giving of final approving
legal opinions by Chapman & Cut4
ler,
of
Chicago,
and
:Skaggs,
Hays & Fahey, of Louisville. Said
opinions and the bonds will be
*"Bonds
to principal. Principal and inter¬
urer's
to
Sheldon School District, Iowa
de¬
each
and
offered
Shaw, McDermott
price of 101.15.
conditioned.
so
basis
a
payable
date
bonds
must be
15—v/163,
awarded
bonds in
Funds
bonds
March
to
as
Said bonds
Indcp. Sch. Dist., Iowa
Sale—The $50,000 iy2%
Bond
-;
price of not less
than $1,025.10 per bond and must
on forms which
may be secured
at the office of the City Clerk;
be
March 11.
on
adopted by the Board
Commissioners on Feb. 26,1946,
of
amounting i. to
favorably, voted at
school
certified
will
said
bonds may be
will
the
acceptable
offering the lowest rate of
$325,000 in 1957, and $330,000 in
a
must
pay; for
bonds after date
issue.
within
*
Sanitary
Chicago, as soon after
March 28, 1946, as is practicable
specify the rate of interest in
multiples of
of 1%. One rate
entire
Monroe
at
payment
the
the
ad
upon
$100,000, payable to the
Optional Jan. 1, as
$275,000 in
1949
to
1965, and
$325,000 in 1966.
Bidders shall
for
property
of
t
without limitation
price of 100.06,
1,
follows?
1966.
levied
be
amount. Enclose
check for
on
ordinance
-
the election held
to
must specify a bid
bonds
was
on
1947
Chemical Bank & Trust Co., New
City. All bids must be made!
for the bonds as authorized
by the
Estherville School District, Iowa
Bonds Voted—An issue of con¬
$219,000
payment-
York
Net income basis 1.685%.
•
struction
the
United
the
payable from
taxable
ment and
000
in
1949, $200,000 in 1950,
$250,000 in 1951, $275,000 in 1952,
as
l%s, and $1,855,000 maturing
April 1, $300,000 in 1953 to 1956,
:
made
decree *of
to
boundaries
Works
of
are
taxes
the
the
est
1335—mature
on
Nov. 1, as
$1,000 in 1947 to 1950, $2,1951, $1,000 in 1952, $2,000
in 1953, $1,000 in 1954, $2,000 in
1955 to 1957, $1,000 in 1958, and
$2,000 in 1959 to 1962. Bonds ma¬
turing Nov. 1, 1954 to 1962, are
subject to call on Nov, 1, 1953,
i
interest,
May 1, as follows: $6,000
1949, $7,000 in 1950 to
1957, $8,000 in 1958 and 1959,
$9,000 in 1960, $10,000 in 1961 to
1969, and $11,000 in 1970.
Princi¬
pal and interest payable at the
in
000" tn
and subsequent.
terms of 100
only
Co., of Des
Moines, and the Security Savings
Bank, of Eagle Grove, jointly, as
13/4s, at a .price of 100.40—v. 163,
p.
May -1
on
plus accrued
interest at the stated coupon rate
on March 1
to the Carleton D. Beh
to
the principal amount
J.
airport bonds awarded
ticular
date
!
$25,000
follows:
1961,
1962.
issued
be
Control
sonville, Kalman & Co., of St. van,
Clerk
of' the
Board ! ' of
Paul, Martin, Burns & Corbett, of Trustees, will receive sealed bids
Chicago, E. M. Newton & Co., of until 11 a.m. (CST) on March 28
Boston, Herbert J. Sims & Co., of for the purchase of series 7 con¬
New York, Piper, Jaffray &
Hop- struction- boiids amounting to $5,wood, and the Allison-Williams 000,000. Dated April 1, 1946. De¬
Co., both of Minneapolis, at a nomination $1,000.
Due Jan.
net interest cost
of 1.545%,
as follows:
For $1,295,000 maturing April 1, $185,000
in 1947, $190,000 in
1948, $195,-
to
are
Iowa
the cost of the construction of
interest in
,
Chicago Sanitary District, III.
.
a
1946 to
the year
years
bonds
Chicago,
ILLINOIS
posed of Stranahan, Harris & Co.,
Inc., of Toledo, Blair & Co., Inc.,
Clyde C. Pierce Corp., of Jack¬
%
$5,-
Grove,
Sale Details—The
.
the
has covenanted to pay a
amount of the revenues
the Water Revenue
$369,704.89 refunding bonds. Dated
Jan. 1, 1944. Due Jan.
1-, 1974.
6,695.98 funding bonds.
on
Fund
over
following
the
Supreme
at
system of the City,
and above the expenses of
operating, maintaining and re¬
pairing such system, to pay the
principal of and the interest on
Lantana, Fla.
Bonds
payable
water
'
of
necessary
be entertained.
terest
Fund
principal amount of
-.A:?/v■
of
issue
interest, and other¬
$200,000
or
multiples of 1/10 of 1%,
to purchase the bonds at the low¬
45,000 Spec. Tax Sch. Dist. No. 6
entire
principal of
cago
of
14, in regards to the call
for refunding bonds, series
A, B,
AA, and BB, issued Jan. 1, 1937,
and
maturing Jan. 1, 1967.
cates
are
of
Instruction, has announced
March
authorized the issuance of munici¬
pal electric plant
the
at not less than par and
said bonds it is
contemplated that
taxes will be levied $300,000 for
pay
Tenders—WillardM.Albury,
Bond
offering
sewage treatment works and Chi¬
,
]
#
and
wise conform to the notice of sale.
For payment of the
and
Dixie
highest bidder was John Nuveen
& Co., at a price of 106.95.
interest
at one rate of
These
Florida
of
purchase
)
County Special Tax Sch.
Dist. No. 1 (P. O.
Key West), 4
Eagle
spec¬
largest
each
Monroe
submitted
are
amount of premium
shall be accepted. No bid will be
considered that does not offer to
,
(Net, interest cost 1.554%.)
rate
the
,
Florida (State of)
bids
more
ifying the same lowest rate of
interest the bid naming such low¬
.
Monday, March 25, 1946
"!
:*.
V '
>:y: A-
-
<;
Volume
taLW
Number 4475
163'
rl
....
1946. Denomina¬
tion $1,000.
Due May 1, 1948 to
ing to • $98,000.
Dated April 1,
1966.' Payable from unlimited ad
1946. Denomination $1,000, ;Due
valorem
taxes.
These
are
the
Oct. .1, as follows: $8,000 in 1946,
bonds authorized at the election
$10,000' in 1947, $8,000 in 1948,
held on Feb. 26.
The approving
$10,000 in 1949, $8,000 in 1950,
opinion of B. A, Campbell, of New
$10,000 in 1951, $7,000 in 1952, $10,Orleans, will be furnished.
- <
000 in 1953, $8,000 in 1954, $9,000
ih 1955, $8,000 in 1956, and $2,000
West Monroe, La. \'/
in 1957. The bonds will be call¬
Bond Offering-—L. L. Wood,
revenue
Dated May 1,
refunding bonds amount¬
Bank
National
of
Boston,;, at a
These notes
22, 1946.
The
discount
of
0.38%,
due
on
Nov.
•,
are
highest bidder was the' Fifst
Bank, Boston, at a rate
next
National
of 0.40%.
:
—
issue
An
in
amounting
notes
$65,000
to
•
,
,
-
,
bidder,
upon
re¬
quest, will be relieved of the
ligation to accept delivery,
ob¬
and
the ^successful
opinion of B. A; Campbell^ of
Orleans, will be furnished,
the terms
specified in such bid. Enclose a
pfety .for the bonds upon
$1,000, pay¬
the City Treasurer.
for
✓certified'* check
able to
1;
CalcasieuParish Sch.Dist. No. 29
(P. O. Lake Charles), La.
i Bends
Voted—An issue of con¬
struction
and equipment bonds
'
March 13—v. 163, p.
1207--were awarded to the Fredericktown Savings Institution, of
Frederick,
The
Dist. No.
'
Bond
the Parish School
receive sealed bids
until 10 a.m, on April 8 for the
purchase of school bonds amount¬
ing to $1,550,000 not exceeding 4%
interest.
Dated
May ^,^1946,
Denom. $1,000.
These bonds are
due May, 1, 1948 to 1966, Payable
from un limited ad valorem taxes.
Authorized at the election held
Feb; 26, X940^ ; The approving
opinion of B. A. Campbell, of New
Orleans, will be furnished. • En¬
close a certified check for $15,000,
payable to the District.. ^
De-
bonds amounting
to $250,000, not exceeding 4% in¬
terest.
Dated May 1, 1946.
De¬
nomination $1^000. Due Oct.- 1,
X947 to 1966. Callable in the dis¬
cretion of Mayor and Board of
Selectmen, in reverse order after
five years, at a premium of 214% i
decreasing Va of a percent each
succeeding year.
The approving
system revenue
Holyoke, at a discount of 0.39%.
Dated March 18, 1946.
Denoms.
O. New
Roads), La.
—
The public inr?
Bond' Sale
$25,000, $10,000 and ^$500. These
notes are due on Nov. 15; 1946.
Issued in anticipation of revenue
for
the
oh March 29.,.
X, 1946. These bonds are
not more than 15 years.,
'
Enclose
check for
No.
Dist.
a
year
bidder
of 1946.; The
only
National
Bank,: Boston, at a rate
Was
the
3 \[ Note Sale—An issue of
notes
certified
$1,320.
'-•
,i
*
>;•
■'
'•••■
Holly Springs, Miss.
on
.
• v"
■
No.
Legality "
1946.
Louis.
"
•
•
approved ji by
■■ of
St.
•
Is, at a
est
MISSOURI
Bond
,
!
Ord, Neb.
Election—The f following
>
The next high¬
bidder was the Northwestern
revenue
amounting to $300,000 was
awarded recently- to the Second
1.10% Bonds
Kalman & Co.
J. M.
„_i__—_-100.361
Dain & Co.
100.305
The
-
Voted—An issue of
Bonds
^
'
Center, Neb.
Bond Election—An issue of mu¬
Platte
bonds amount¬
be submitted
election to be
nicipal auditorium
ing to $25,000 will
to the voters at the
held
April 2.
on
,
Plattsmouth, Neb.
•
Election
Bond
—
issue
An
of
Legion building pur¬
chase bonds will be submitted to
American
the voters at
held
on
;
*
-
Bond Election—An issue
of air¬
port bonds amounting to $12,000
will be submitted to the voters at
held on
Spring election to be
April 2.
Missouri
,•*
Tecumseh. Neb.
'
1
the election to be
April 2.
the
(State of)
School issue
air¬
port bonds amounting to $22,000
was favorably voted at the
elec¬
tion held recently.
■ .
. s
sion bonds.
University
—
issue 2%%
water refunding bonds amounting
to $10,000.
< ^ "
' ■ • •
$104,500 will
be submitted to the voters at the
election to be held on March 29:
building bottd§
Firth, Neb.
Planned
Issuance
Bond
bonds amounting to
Cur¬
the Caldwell,
Paul, jointly,
price of 100.34, a basis
For
bonds
equipment
Village is planning to
..
Cabool, Mo.
-
Paine, Webber, Jackson &
of about 0.952%.
and
struction
Trauernicht,
&
Charles
tis, of Chicago, and
Phillips Co., of St.
as
• >'
.
1^2% electric plant revenue bonds amounting to $285,000, not exceed¬
amounting to $200,000 was pur¬ ing 3% interest will be submitted
chased recently by M. A; Saunders to the voters at the spring elec¬
& Co., of Memphis. Dated Jan. 1, tion to be held on April 2.
amounting to $150,000 and offered
for sale recently were awarded
to
due in
,
Fairbury School District, Neb.
Bond Election—An issue of con¬
,
Bonds Purchased—An issue of
fndep. Sch. Dist.
7(P. OsCloqiiet), Minn.
Bond SalV-The
North Andover, Mass.
$2,200.
Syb-Rpad
;
at the
——
bonds.
«'
MISSISSIPPI
"
66,000
'
..<w
provement bonds amounting to
National7 Bank, Minneapolis,: for
$400,000 and offering for sale on Shawmut
March 18—V. 163, p. 1080—were of 0.40%.
Is, at a price of 100.31.
awarded to Scharff & Jones, of
Lynn, Mass.
. <
Faribault County Independent Sch.
New Orleans. Dated April 1, 1946.
Note Sale — The revenue notes
Dist. No. 67 (P. O. Kiestor), Minn.
Denom. $1,000.
These bonds are amounting to $500,000 and offered
Bond Sale—An issue of refund¬
due on April 1, from 1948 to 1966. for sale on March 21 were award¬
The next highest bidder was the
ing bonds amounting to $18,000
ed to the Second National Bank
and offered for sale on March 15—
Ernest M. Loeb Co,''
of Boston, at a rate of 0.40%, plus
v.
163, p. 1489—was awarded to
a premium of $1.
These notes are
Vermillion Parish Road Dist. No. 2
E. J. Prescott & Co., of Minneapo¬
due on Nov. 12, 1946. Other bid¬
(P. O. Abbeville)', La.
lis, as 1.10s, at a price of 100.366, a
ders were as follows:
Bond Offering—Raphael J. La
basis of about 1.05%.
Dated Jan.
Bidder
'•>
Rate
Bauve, / Secretary of the Police
1, 1946.
Denom. $1,000.
These
Jury, will receive sealed bids until Day Trust Co., Boston___0.41% bonds are due on Jan. 1, from 1949
19 a.m. on April 9 for the pur¬
Security Trust Co., Lynn
0.418% to 1962. The next highest bidder
chase of the following public im¬
Merchants National Bank,
was Kalman & Co., for 1.10s, at a
Boston
0.428%
provement bonds amounting to
price of 100.361.
v \
$176,000, not exceeding 4% in- First National Bank, ' ;
Other bidders were as follows:
tcrsst' •v
*•
*
Boston
■
0.445%
Price
0.474%
$110,000 Sub-Road Dist. No. 5 Leavitt & Co.
Bidder
'
Bid
bonds.
Enclose
a
certified
other
check for
of
bonds amount¬
ing to $17,000 will be submitted
to
the voters at the election to
be held on April 2.
Dated May
% % construction
2
Car let on County
amounting to $400,000 and offered
for sale on March 15-vwere award¬
ed to the Park National Bank, of
without cost to him.
EdclOse d certified, check for 2%
of the amount Of the bonds, pay¬
able to the Town.
*
"L
held
of
issue
construction and
equipment bonds amounting to
$300,000 will be submitted to the
voters at the election to be held
MINNESOTA
Note Sale—The temporary notes
purchaser
Coupee Parish (P.
Voted
Election — An
Botid
Sch. Dist. No. IS
(P. O. Merna), Neb,
Bond Election — An issue
*
cbUnty huspital
The bonds will, be
Holyoke, Mass.
Chapman & Cutler,
„
$400,000,
Caster County
'Minn.
'
,
Boston funds.
will,be furnished the
Pointe
of
llllllf NEBRASKA
Morris),
County (P+ O.
Stevens
$60,000 electric light and power
March
plant revenue bonds.
27 for the purchase of $500,000 property therein such ad valorem
30,000 water works improvement
taxes as may be necessary to pay
temporary notes,- at a discount.
revenue bonds.
the bonds and interest thereon
Dated March 27, 1946. Denomina¬
14,500 memorial building general
without limitation as to rate Or
tions $50,000, $25,000 and $10,000.
obligation bonds.
amount.
Bids shall be Condi¬
Du§ Nov. 8,1946. Issued in antici¬
tioned upon the unqualified opin¬
Columbia, Mo,
pation of taxes for the current
ion of Miller, Canfield, Paddock
Bond Election — The following
year;
The notes will be authen¬
&
Stone, of Detroit, approving
ticated as to genuineness and val¬
bonds amounting to $650,000 will
the legality of the bonds. The cost
idity by the First National Bank
be Submitted to the voters at the
of such opihiOh and the cost of
of Boston, Undewthe advice of
election to be held on April 2:
printing the bonds will be paid by
Ropes, Gray, Best, Coolidge &
community
building
the
City.
Enclose
a
certified $400,000
Rugg, Of Boston. Payable at the
boftds.
check for 2% of the par value of
First National. Bank of Boston
150,000 sewage line extension
the bonds, payable to the City
arid will be delivered at said hank
1and disposal plant bonds.
;
Treasurer.
on or' about. March 28,
1946, for
X00,000 istorra. sewer line exten¬
Town Clerk, will receive
sealed bids until 7:30 p.m. on
April 9, tor the purchase of gas
*
at
$800,000 was favorably voted
the election held on March 12.
sealed bids until noon on
jean,
of
issue
Mont.
Caldwell, Phillips Co.,
& Moody, both of St.
•
Plaquemine, La.
opinion
■
These bonds are
1, 1947 to 1954.
Wolf Point,
ber, Jackson &
Nov. 16, 1945.
awarded to the
biddet whose bid produces the
Note- Sale—An Issue of teVeriue lowest interest cost to the City
notes amounting to $125,000 was after deducting the premium bfawarded recently to the Mechan¬ fered, if any. In determining the
ics National Bank. -of Worcester, net interest cost, interest on pre¬
at-a rate of 6.369%.
These notes mium will not-be- considered a£
are due $50,00(1 Dec. 2, and $75,deductible. Interest on bonds will
000 Dec. 16, 1946, The next high¬ be Computed from the date of re¬
est bidder was the Merchants Na¬
ceiving bids, as aforesaid, to the
tional Bank, Boston; at a rate of respective maturity dates of nohc'allable bonds and to the first call
,0.38%.
date of callable bonds.
No pro¬
Hampden County (P. O. Springposal for less than all of the
fieldj, Mass.
bonds will be considered. The City
Note Offering—Leo P. Senecai,
is
authorized and required, by
County Treasurer, will receive
law to levy upon all the taxable
of
df Chicago,
payable at the Hillsdale State
Savings Bank, Hillsdale.
These
bonds Ure part of an authorized
est
election
Consolidated Sch,
Offering-r-Clydelle
/
Principal and inter¬
of Va of 1%.
price of
Grafton, Mass.
will
Bond
next
and 1958 are
MASSACHUSETTS
1 (P. O. Thibodauz), La.
Offering-—;R. O." Moncia,
Secretary
Board,
1, 1946,
Due Jan. 1, as
callable Jan. 1, 1956.
Rate of interest to be in multiples
at -as price Of 103.71.
highest
bidder was
Baker, Watts & Co., at a
103.27,
v',;;
^
Lxffottrche Pettish
on
due on Aug.
$10,000 ih 1965.
and
RFC.
the
from
dicate
recently
of St. Paul,
& Co.,
Kalman
by
of
bonds amounting
$16,000 was purchased
to
1336—were awarded to a syn¬
composed of Paine, Web¬
p.
$15,000 in 1949 to 1964,
Bonds ma¬
Frederick, Md.
f
turing on or after Jan. T, 1959,
callable Jan. 1, 1951, and
Bond Sale—The airport*bonds are
amounting to $60,000 and offered bonds maturing on Jan. 1, 1957
sale
building bonds
Bond Sale—The
Mont.
Purchased—An issue
4% water works
amounting to $125,000 and offered
for sale, on March 19 — v. 163,
follows:
^mounting to $100,000, not ex-r
deeding 4% interest was favorably -voted | at the election held
Ton March 11.;
Jan,
Dated
terest.
nomination $1,000.
MARYLAND
for
LOUISIANA
New
Fairview,
Bonds
Curtis, of Chicago,
Bond Offering—Lee A. Cowen,
and Juran
City Clerk, will receive sealed
Paul, at a
bids until 8 p. m. on April 8 for
price of 100.152, a net interest
the purchase of special improve¬
cost of 1.04%, as follows: for $55,ment oil paving District No. 22
000 maturing $5,000 March 1, 1949
bonds amounting to $170,000, not
to 1959 as 1.20s, and $70,000 ma¬
exceeding 6 %, interest. Dated May
turing $10,000 March" 1, '1960 to
1966 as Is. Dated March 1, 1946. 1, 1946. Denom. $500. These bonds
are due in 20 years after date of
Denomination v $1,000.? The
next
issuance, but shall be redeemable
highest bidder was Park-Shaughat the option of the City at any
nessy & Co., and C, S, Ashmun
time there are funds to the credit
Co., jointly, for 1.10s, at a price of
of said District. Principal and in¬
100.36.
'
terest payable at the City Treas¬
Owatonna School District, Minn.
urer's office.
Enclose a certified
Bonds Voted— An issue of im¬ check for 5% of the bid, payable
De¬
provement bonds amounting to to the City Treasurer.
.
•
1953.
Falls),
Minn.
was
.
of St. Paul. These
Nov. 1, 1946 to
bonds are due on
Indep. Sch. Dist.
(P. O. Canon
No. 11
'
Kalman & Co.,
Bank,
-u-_i.-100.138
Goodhue County
order at par
.
1.20% Bonds
Minneapolis
of tax
sold on March ■ 11, at a discount
their inverse numerical City Clerk, will receive sealed
These notes are due
and accrued interest, bids until: '• 11 a.m. ■ On April ■ 11 of 0.38%,
plus a premium of 3% of the face for the purchase of the following on Oct. 10, 1946.
amount
if . redeemed
prior
to public
: r improvement
bonds
MICHIGAN
April 1, 1951, 2% .if redeemed on amounting to $700,000, not ex¬
or after April 1, 1951, and prior
ceeding 4% interest:
Hazel Pctrk, Mich.
to April 1, 1956, and no premium
Bond Election—An issue of sew¬
$264,000 Series A bonds. Enclose
if redeemed on or after April 1,
a certified check for $5,000.
age disposal system bonds amount¬
1956. The approving opinion of
261,000 Series B bonds. Enclose ing to $416,000, not exceeding 4%
Stites & Stites, of Louisville, will
a certified check for $5,000.
interest will be submitted to the
be furnished.
The right to reject
'125,000 Series' C bonds. Enclose voters at the election to be held
any and all bids is retained and
certified check for $2,500,on April 1.
' /■
no bid of less than 103.286% of the
50,000 Series D bonds. ; Enclose
■ Hillsdale, Mich. ;
s
principal amount "of the bonds
a certified check for $1,000. ;
Bond Offering—R. L. Hughes,
plus accrued interest will be con¬
Dated April: 1, 1946.
Denom¬
sidered;
In the event that prior
ination $1,000.
Due April 1, 1948 City Clerk, will receive sealed
to the issuance of said bonds the
to 1966. ; Payable from unlimited bids until 5 p.m.: on March 25 for
iftcome therefrom to private hold¬
ad valorem taxes.
These are the the purchase of. electiric light and
ers becomes taxable by the terms
bonds authorized at the election power coupon bonds amounting
of any Federal income tax law,
held on Feb. 26.,* The approving to" $250,000, not exceeding 3 % in¬
able
For
of
$7,400 4% sewer bonds was purr
chased recently from the RFC by
100.222
Northwestern National
,
Sale
Bonds
Kiester
:
Bridger, Mont.
Purchased—An issue
1.15% Bonds
"
■
Winthrop, Mass,
%
Note
For
First National Bank,
Chal¬
Neb.
of the University
Bonds Purchased—Ah issue of
of
Missouri to issue $2,732,000
dormitory revenue bonds Will be airport bonds amounting to $28,determined by the State Supreme 000 was purchased recently by the
Bank of York.
Court.
The action was brought First National
These bonds were authorized at
on behalf of the Board of Cura¬
tors as a test case and, as a pre¬ the election held on Feb. 26. .
lenged—Right
cautionary
has been
measure,
a
introduced in the
measure
NEW
Legisla¬
specific
authority to issue the
statutory
Proceeds will be
HAMPSHIRE
Manchester, N.H-
granting the board
ture
Note Sale—The temporary
notes
used in amounting to $800,000 and offered
connection with a $5,469,000 hous¬ for sale on March 19 were award¬
ing project designed primarily for ed to the First National Bank, of
returning war veterans, and the
Boston, at a discount of 0.485%.
balance of the funds will be pro¬
Dated March 20, 1946.
Denoms.
vided by the State. :m ii " ■ ;.
^ • $50,000, $25,000 and $10,000. These
notes are due on July 24, 1946.
Stockton School Distriet, Mo.
bonds.
Planned—An is¬
bonds amount¬
ing to $421,000 will be submitted
to the voters at an election to be
Bond Election
sue
NEW JERSEY
of construction
held
in the near
future.
MONTANA
/
;
Collingswood, N. J.
;;
Boiid
Offering—H. Milton Res-
trick, District Clerk, will receive
sealed bids until 8 p.m. on March
28
for
the
purchase
of $185,000
or
registered
Bainville, Mont.
Bonds
school
Purchased—An issue of
bonds, not exceeding 2% interest.
Dated April 1, 1946. Denomina¬
4% water works
bonds amounting
$13,000 was purchased recently
from the RFC, by Kalmah & Co.,
of St. Paul. These bonds are due
on Jan. 1. 1946 to 1955.
to
tion
lows:
coupon
$1,000. Due April 1, as fol¬
$7,000 in 1948, $8,000 in
1949, and $10,000 in 1950 to 1966.
in multiples
Rate of interest to be
r-rrr*
/&' v'
f :■
.1624
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 25, 194§
"
Of
V4
one-tenth
or
fnust
be
the
bonds. V
of
for
same
Principal;
of
all
the
and
National
Park, N. J.
Trust
Sale—An issue of
Bond
interest
Citizen's
payable at the
Seaside
and
1%,
$90,000
boardwalk
reconstruction
sale
15—v.
Other bidders
bonds
offered
for
March
on
Bank, Collingswood. No proposal
will be considered which speci¬
fies a rate higher than the lowest
rate stated in any legally accept¬
able proposal. Each proposal must
bonds
the
>
bonds,
than
amount
bonds
of
rate
will
be
sold
the
to
bid
the
bonds,
being
if
the
bonds to
those
two
or
first
be
amount
of
of
the
to
the
pay
purchase
prior
11' the
Y an
—100.27
Ingen & Co.,
Bond
'•
and
'
Issue—On
Borough
March
Council
held
a
NEW
livered
New York
100.26
City Housing Authority,
Offering
—
Edmond
Silver
City, N. Mex.
$85,000 issue of
1946, water works bonds offered
of
will receive
(EST) on
March 28 for the purchase of the
following temporary notes
amounting to $9,100,000:
until
cost.
for
Enclose
deposit accompanying his
for
success¬
sale
March
on
953—were
Soden-Zahner
15
v.
163,
to
the
—
awarded
p.
be
Bond Sale—The series
on
fur¬
Scarsdale Community Sch. Dist.
No. 2 (P. O. Scarsdale), N. Y.
Offering—The Board of
Trustees will receive sealed
bids until 3:30 p. m. (EST) on
school
of
1, 1946.
Denomination $l.-k
Due April 1, as follows:
$2,-*;
are
requested to name the
interest rate or rates in multiples
of Va of 1%.
Each bid may name
rate
one
for
(having
part of the bonds
earliest maturities)/:
the
and another rate for the
but
com¬
balance,:
bid may name more thai*/
no
two
rates, and each bidder must
specify in his bid the amount, of
posed of Goldman, Sachs & Co.,
Graham, Parsons & Co., B. J. Van
Ingen & Co., Bacon, Stevenson &
Co.; E. Hi Rollins & Sons, A. C,
Allyn & Co., all of New York,
Buckley Bros.,, of Philadelphia,
and Kingsbury &
Alvis, of New
Orleans, at -price of par, a net
interest cost of 1.2428%, as fol¬
lows: For $210,000
maturing Nov.
bonds of each rate.
The bonds;
will be awarded to the bidder
pf-f
fering to purchase the bonds at;
the-lowest interest cost to the
City, such cost to be determined
by deducting the total amount of
the premium bid from the aggre¬
gate amount of interest upon all
maturities.
and
par
.
interest will
accrued
be
entertained.: The approving opin-vj
ion of Masslich & Mitchell,
of
bonds
New York
the
City, will be furnished
purchaser.
In the
event
that
prior to the delivery of the bonds
the income received by private,
holders from bonds of; the same
type; and character shall be tax¬
able by the terms of any Federal
income
;
tax- law,
the
successful-
.
bidder may, at his election, be
relieved of his obligations under
the
contract, to
purchase
the
bonds and jn such case the-de-%
,
posit
accompanying his; bid wiH;;
be returned.
Enclose a certified
check for $1,060, payable to the,
State Treasurer,
•
\
J
.
NORTH
..
.
DAKOTA
Stanley, N. D.
Bond
will
be
of
sold
interest
to
the
the
uled to be held
bonds
bidder'
of bids submitted:
bonds, the
>>100.275
Falls,
.
price.
the
In the event
delivery of the bonds the
come
~—•
in¬
character shall
terms
same
type and
•:
Trust
be taxable
'.Bank,
of any Federal
'
-
election, be relieved of his
ob¬
Bond
Sale
—
fo£[£alC
■
The
to
on
under
purchase
the
case
the
the
bonds
deposit
contract
and
with
bidder
the
Delafield &
that' the
will
opinion
in-such
accompanying
1 lis bid will be returned.
cessful
to
be
of
The
suc¬
furnished
V
following
$50,500
March
and
18—
Hawkins,
Wood; of New York,
bonds
gal!^., binding
are
"valid
and
le¬
obligations of the
Qjpnty. Enclose
a
certified check
for''$7/700, payable to the County.
163, p. 1337—were awarded to
Tilndy & Co., of New York, as
IV2S, at a price of 100.29, a basis
of about 1.466%:
$20,000 highway bonds. Due $5,000
July 15, from 1947 to
;/
1950.
30,500
bonds.
■
Due
Sewer
from
District
1947
to
■;:•• 1975.
Dated
Jan.
15, 1946.
ations $1,000 and $500.
highest
bidder '
was
rates in mul¬
or
tiples of Va of 1%. Each bid may
name
one
rate for' part of the
bonds (having the earliest matur¬
ities), and another
rate
for
Wahpcton, N. D.
Bond Election—An issue of air-»
port bonds amounting to $25,000
will be submitted to the voters at.
the election to be held on
Denomin¬
The next
/ the
County
April L
These bonds failed to carry at the;
election held on Oct; 23, 1945.
^ '
i-ni
OHIO
Alliance City School District, Ohio
Bond
Election
—
An
issue
of
building erection, addition andequipment bonds amounting to
$1,100,000 will be submitted to
the
voters
held
on
the
at
election4 to be
May 7."
.
the
bids until 1 p.m. on March 27 for
the purchase of athletic field cou¬
amount of bonds of each rate. The
An
issue of
postwar projects bonds amounting
to $35,350,000 will be submitted to-
balance,
but
bid may name
rates, and each
bidder must specify in his bid the
than
Cleveland,
no,
two
Bond
Election
bonds will be awarded to the bid¬
der "
to be
bonds at the lowest interest cost
Ohio
—
the voters at the
ing to $12,000.
pon or
registered bonds amounts
Dated March 1,
Denominations $1,000 and
1953 to
be
offering^td
purchase
y
the
1956. Rate of interest
in
multiples of %
of 1 %, and must
for all
of the
or
one-
be
bonds.
.
the
Prin¬
to
the
Town, such cost; to be de¬
termined by deducting the' total
amount of the premium bid from
the aggregate amount of interest
upon all of the bonds until their
respective maturities.
No bid of
cipal and interest payable at the
less
Citizens State Bank, Lyndonville.
bonds are issued pursuant
est
to
of the bonds the income received
Said
of
the
,
Constitution
the
others,
the
State,
the
Local
improving
and
statutes
including
Education
Finance
of
purpose
among
Law
and
Law
purchasing
same
as
for
land
an
being 30
of
the
the
and
athletic
field, the period of probable
fulness of the land
and
Hartsdale
name
election to be held
April 2.
more
same
•
v.
ligations
to
of
Offering—L. A. Webber,
District Clerk, will receive sealed
to
York
amounting
offered
'
Bond
tenth
New
bends
New York
in
';
-v'.:;:.
Greenburgh i(P. O. Tarrylown),
income tax
(P. O. Lyndonville),
..
For 2s
by the
1
$500.
Due March I, as follows:
v' "'
;»':_>1_1>1+:_100'.12 I $1,000 in 1947 to 1952, and $1,500
Fort. Edward National.
:
requested
issue
An
—
$9,000 will be submitted to the'-
voters at the
.
Co., Buffalo, ;
'
lajU;r4he successful bidder may, at
Iiis
Manufacturers and Traders
V For 1:90s
are
to
on
1946.
Co., Inc.,
,;*100f?89
,
received by private holders
from bonds of the
t
purchase
that prior to
"
.
,
•
.
For 1.80s
Geo. B. Gibbons &
For 1.90s
The purchaser must also
No.
iVr;Y^:v7Y;Y-,'r
Gordon Moynihan, Glens
.
Yates, Ridgeway, Carlton and
Gaines^ Central School District,,
'
■
For IV2S
amount, then to the bidder
offering to pay therefor the high¬
pay an amount equal to the inter¬
est on the bonds accrued to the
date - of payment • of the
v
Bidders
City.
the interest rate
Price Bid
.,
least
price.
y
Bidder.
Marine Trust Co.,
Buffalo,
bonds to be accepted
being those
first maturing, and if two or more
bidders offer to accept the same
est
of New York
postponed.; The following is a list
com¬
plying with the terms of sale and
offering to accept for the amount
bid the least amount of
March 15, was
on
Election
swimming pool bonds amounting
^
rate
use¬
years,
improvements
being
10 years. The
statutory authority
for the power to
accomplish such
object or purpose is the Education
Law..
the
In
the
event
that prior to
delivery of the bonds
the in¬
received
by private holders
from bonds of
the. fame typo and
come
than
will
•
par
be
that
event
and accrued
entertained.
prior
the
to
inter¬
In
the
delivery
by private holders from bonds of
the
be
type and character shall
taxable by the terms of any
same
Federal income tax
cessful
bidder
tion,
be
tions
under
chase the
the
will
may,
relieved
the
law, the suc¬
at his elec¬
of
his
contract
bonds and
obliga¬
to
in such
pur¬
case
deposit accompanying his bid
b'h returned.
The
approving
opinion of
Reed, Hoyt & Wash¬
burn; of New York City, will be
furnished the purchaser. Enclose
a
certified check Tor $100, pay¬
able to the^tate Treasurer,., x
.,
>
of the bonds until their
respective;*
No bid of; less thai*
1, $65,000 in 1946, $71,000 in 1947,
$74,000 in 1948, as 6s, $161,000 ma¬
turing Nov. 1, $79,000 in 1949,
—
Same
•
ders
Au-
A, issue
syndicate
a
orv
1948, $3,000 in 1949 and ■
1950, and $5,000 in 1951 to 1959.V
Registerable as to principal alone;
general
obligations; ' unlimited
tax; delivery on or about April
16, 1946,- at place of purchaser's
choice.
Principal
and
interest
payable in New York City. Bid-;
March 21—v. 163, p. 1490—
awarded to
re¬
a.m.
.
in
000
check
Municipal Housing
thority, N. Y.
.
were
17, 1947.
tered
000.
without
certified
a
for the purchase of
1945, coupon or regis¬
amounting to $345,- $82,000. in 1950, as 5s, $262,000 ma¬
ful bidder will be furnished with
Co.,
of
Kansas 000 not exceeding 5 % interest. turing Nov. 1, $86,000 in
the opinion of Hawkins, Delafield
1951,
City, at a price of 100.52, a net Dated Novy 1, 1945. Denom.
/ St
$1;- $87,000 in 1952, $89,000 in 1953, as
Wood* of New York, that the interest cost of
1.616%, as follows: 000. Due Nov. .1, as follows:
2s, $1,593,000 maturing Nov. 1,
bonds are valid and legally bind¬
$10,For $52,000 maturing May 1, $2,000 in 1946 to 1966, and
$15,000 $91,000 in 1954 and 1955, $93,000
ing obligations of the Board of
000 in 1947 to 1954, $3,000 in 1955 in
1967; to 1975. Rate of interest in 1956, $94,000 in 1957, $95,000
Education.' Enclose
a
certified
to 1966 as IV2S, and $33,000 matur¬
to be; in multiples of % or one- in 1958, $96,000 in 1959, $98,000 in
check for $3,700, payable to the
ing: May 1, $3,000 in 1967 to 1973, tenth of
1%, and must be the 1960, $99,000 in 1961, $100,000 in
Board'of Education. ■'
/
and $4,000 in 1974 to 1976 as l%s. same
1962, $101,000 in 1963, $103,000
for all of the bonds. Prin¬
Dated May 1, 1946. Denomination
Passaic County (P. O, Paterson),
cipal and interest payable at the in 1964 and 1965, $106,000 in 1966
$1,000. Interest M-N. The next Scarsdale National Bank & Trust and 1967, $108,000 in 1968, $109,000
Y
New Jersey
highest bidder was Lucas, Far- Co., Scarsdale. The- said bonds in 1969, as H4s, and $916,000 ma¬
Bond Offering —r- Basil E. Mcrell & Co., for $52,000 13As, and
are
:
general obligations, payable turing Nov. 1, $110,000 in 1970,
Michael, Clerk, Board of Chosen
$33,000 2s, at a price of 100.63, a from unlimited ad valorem taxes $112,000 in 1971 and 1972, $114,000
Freeholders; willreceive sealed net interest cost of
in 1973,
1.860%.
$115,000 in 1974, $116,000
upon real property and have been
bids until 2:30 p.m. on April 3
in
1975, $117,000 in 1976, $119,000
authorized, pursuant to -the Local
;v; ior
the purchaseof equipment
NEW YORK
in 1977, and
$121,000 in 1978, as Is.
Finance Law, to finance the ac¬
coupon
or
registered ' b o n ds
Dated May 1,1940. Denom.
East Herkimef Fire District (Pi/Q* quisition of
$1,000.
land, the erection of
ampunting to $385,000, hot ex¬
Interest M-N.
R. D. No* 1, Herkimer),1 N. Y.
a grade school of Class A fire¬
ceeding 6% interest. Dated April
Bond
Sale
The $1,200 fire proof construction, and the equip¬
1, 1946. Denomination $1,000. Due
NORTH CAROLINA
April 1, as follows: $25,000 in truck bonds offered for sale on ping of same with-suitable-fur¬
Blovrine Rock. N. C.
1947 to 1953, and.$35,000 in 1954
niture, furnishings, fixtures and
March 14—v. 163, p. 1337—were
to 1859. Rate of interest to be in
apparatus, which is av purpose for
Bond Offering — W. E. Easterawarded
to
the First National which Section -467 of the Educa¬
ling, Secretary of the Local Gov¬
multiples of Vs. or one-twentieth
Bank of Herkimer,, as 3%s, at a
of 1%, and must be the same for
tion^ Law of New (York authorizes ernment Commission, will receive
Said District to spend money. The sealed bids at his office in
all of the bonds.
Principal and price of par. Interest A*CM; Dated
Raleigh
interest payable at the First Na¬
p&riocL of7probable -usefulness' of until 11 a.m. (EST) on March 20
April 1, 1946. Denom. $240/ These
tlie; object' or purpose for which for the purchase of
tional Bank, Patersohr No
pro¬
$5,000 park
bonds are due $240 in 1947 to 1951.
the. bonds are to be issued 4s 30 and
posal
will be Considered which
playground coupon
bonds,
The
next
highest
bidder
was years. The procedure for the val¬
not exceeding 6% interest. Dated
specifies a rate higher than the
lowest rate stated in any
Herkimer County, Historical So¬ idation of the bonds, provided in June 1, 1945. Denomination
legally
$1,Title 6 of Article 2 of the Local 000.
Due $1,000 June 1, 1954 to
acceptable proposal.
Each
pro¬
ciety, for 4s, at a price of 100.83.
Finance Law, has been complied 1958. Registerable as to
posal must state the amount bid
principal
Fort Edward, N. Y.
with.
Enclose a certified check only; general
for the bonds, which shall be not
obligations; unlim¬
Bond Sale Postponed—The sale
for $6,900, payable to the Dis¬ ited tax; delivery at place of
less than $385,000 nor more than
pur¬
$386,000. As between legally ac¬ of the $10,000 water bonds, not trict. Legality to be approved by chaser's choice. Principal and in¬
ceptable proposals specifying the exceeding 5% interest and sched¬ Wood, Hoffman, King & Dawson terest payable in New York City.
the
case
bid will be returned. The
April
State
York- City, will
the purchaser
Yonkers
sale
Due April
29
de¬
or as may
to
26,
amounting to $53,000, not
exceeding
6%
interest.
Dated
refunding bonds amount¬
ing to $3,142,000 and offered for
543,000 Seventh Series notes.
of
be
Commission,will
sealed bids until 11
bonds
of 1946,
1,635,000 Sixth Series notes.
Dated April 17,1946.
will
ernment
.
8,
$240, payable to the District.
noon
$1,505,000 First Series notes.
% 1,500,000 Second Series notes,
1,500,000 Third Series notes.
767,000 Fourth Series notes.
1,650,000 Fifth Series notes.
March
New
nished
B.
Chairman,
bids
Citizens
Lyndonville,
New York
Note
at
bonds
N. C.
•
Bond Offering—W. E. Easter-* i
ling, Secretary of the Local Gov¬
f
at. his
office
in
Raleigh,
for
the
purchase ' of
public
improvement
coupon^
Bank,
be agreed
with the
purchaser, about April
10, 1946.
The approving opinion
of Vandewater,
Sykes & Heckler,
Manufacturers and Traders
Trust Co., Buffalo,
For l%s
The
Greenville,
March
1938, under Sec. 180 of the Educa¬
MEXICO
Bond Sale—The
created about Dec.
was
?v
'
ceive
such
the deposit
accompanying his
bid will be returned. The School
,
Bond
his election; be relieved of his
obligations under the contract to
purchase the bonds and in such
in
case
,,
iejms of any Federal income tax
law, the succesful bidder may at
and
tion Law.
sealed
100.18
bonds
Newburger, Loeb & Co.,
^For 1.70s
>„„>100.30
Butler,
•,
-
„
lowing bonds amounting to $92,'
/* - ./ ■,
$40,750 sewerage system bonds.
34,000 apparatus acquisition and
equipment bonds.
17,250 beachfront building bonds.
character shall be taxable by the
Co.,
the
to
'% For 1.60s —..J——.:Jil00.34
'
>.100.13
hearing on the ordinance
calling for the issuance of the fol¬
000:
&
—
public
price.
to the
type
same
Price Bid
Spring Lake^Ni J.
Plans
delivery of the bonds the income
of
,
,
received by private holders from
bonds
'
amount,
also
event that
follows:
Bidder
Co., and
Tripp & Co.,
: 1 v
jointly, for 2.40s
equal to the interest on
payment
were
John C. Clark &
| the bonds accrued to the date of
;|; In the
Other bidders
for 1.80s
then to the bidder offering to pay
the .highest price.
The
must
1956,
jointly, for 1.80s
therefor
purchaser
are
B. J. Van
and
offer
least
same
Denom.
F. R. Cole & Co.,
accepted
maturing,
District
April
$1,000.
These
due $9,000 on April 1,
1946.
Campbell & Co., and
bidder
amount
bidders
more
the
accept
least
R. H. Johnson
,
complying with the terms of sale
and
offering to accept for the
amount
obligations under the contract
purchase
as
the
interest,
.•../.U?/,Bid
y,-
C. F. Childs &
Co., and.: ,y
Sherwood & Co., jointly,. ■.,.For IV2S
100.11
1947 to
As
between
legally
proposals
specifying
same
Price
Bidder
1,
the
for
'
basis of about 1.713%. Dated
which shall ;be not less
$185,000
nor
more
than
$186,000.v:
acceptable
the
bid
:
character shall be taxable
by the
terms of any Federal income tax
law, the successful bidder may,
at his election, be relieved of his
for
were:
■v.-,/.
163, p.
1337 — was awarded to
Boland, Saffin & Co., of New
York, as l%s, at price of 100.19,
'state
:
Co., of White Plains,
1V2S at a price of 100.289.
held
on
primary election
May 7.
* /
t
Crane, Mifflin, Pitt and Salens
Townships Joint Hospital Dist. V
(P. O. Upper Sandusky), Ohio
'
Bond
Parker,
Sale
Cancelled
Y
Jay
Secretary-Treasurer, has
—
announced that the sale of the
fol-,
lowing bonds amounting to $175,000, ; not : exceeding 3% interest,
has been cancelled:
„.-L v
$110,000 hospital bonds.
65,000 hpspital bonds.
,
•
-•These bonds will be reoffered
4
,
at a
•
later-.date.
■t-1■•>4
■;
:
'
•
■-
-
•
•
Cumberland, Ohio
•'
Bond Offering—Alta M. Gregg,
Village Clerk, will receive sealed
bids
until
April
1
chase of $5,000 2%
bonds.
Dated
Dec.
for
the
pur¬
fire apparatus
1,
1945.
De¬
nomination $500. These bonds are
due
$500 Dec. 1,;.1947 to 1956/
,
Bidders
bid for !-a; different
interestf/iiiiYfLmultiple of
"Va
Of
1%.EaGlpse^ certified
check for $50.
^
rate
of
may
1625
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4475
[Volume 163
u.
•
'•/: »■/Ohio (State of)
Bonds at New Highs
tFalls Township Local Sch. Dist.
(P. O. Route No. 3, Zanes•
viiie), Ohio
—
J. A.
White Co.,
,
$125,000 build¬
Bond Sale—The
ing
18—v.
163,
awarded to Fox,
sale on
1338—were
for
offered
bonds
March
p.
Reusch & Co., of
100.121,
Cincinnati, at a price of
basis
a
000.
0.989%.
about
of
April 1, 1946.
Dated
Denomination $1,-
These bonds are due on
Oct.
X from 1947 to 1970. Themext
highest bidder was Stranahan,
Harris & Co., Inc., for l%s, at a
price of 101.205.
/Gallipolis School District; 0hiq':
Bond Offering—Edwin E. Higgins, Superintendent of Schools,
\vill receive sealed bids until noon
March 20
Prices
May
Cincinnati, reported on
as
follows:
/./!;/;//;
continued to rise
Ohio municipal
election
mary
.
,c
'
submitted to the voters at the pri¬
to
be
held
,
Township Sch. Dist.
(P. O. Worthington), Ohio
Worthington
in the
market during the
Election
Bond
—
An
issue
of
past week and all of our indices construction bonds amounting to
new all time highs today. The
$194,000 will be submitted to the
index for 20 Ohio bonds rstands
voters at the primary election to
today at a yield of 1.13%, com¬ be held on May 7. .
Election
Bond
water
works
amounting
submitted
:
the
to
.
bonds
Sale
Okla.
The
—
V
to
&
on
the
Trust
refunding
at the election on March 19. These
bonds
yield of 1.26%,
week ago.
are
due in 25 years.
k
>
-
Calvert &
was
mitted
of Oklahoma
tiohto
amounting to $260,000. Dated May
notes
These
1946.
1,
the
are
bonds
election
vote of 1,616
authorized at the general
on
Nov. 6, 1945, by a
to 364. Principal
and interest pay¬
Savings
able at the Commercial &
Bank,
Gallipolis.,? Legality
ap¬
proved by Squire, Sanders &
Dempsey, of Cleveland. Payable
from an unlimited ad valorem tax.
Enclose
a
certified
check for
$2,600*
The sale Monday
000
Parkman
Bond Sale—The
Works
to
revenue
mortgage water
amounting
$750,000 and offered for sale on
18—v. 163, p. 1490—were
a syndicate composed
March
awarded to
of Braun,
McDonald
and Rosse
April
1,
Local Sch. Dist.,
Offering—M
ar
Ohio
Bosworth & Co., Inc.,
& Co., of Cleveland,
& Co., of Toledo. Dated
1946.
Denom. $1,000.
ian
airport
Bond
April 8 for. the
Sale—The $200,000
Election
Bond
purchase of
—
An
issue
of
Dated
tion
at
the
elec-
May 21./r
on
>>,
for
sale
tviarcn
on
19—v.,
p.
March
school
due
March
$1,000.
on
30, 1946. These notes are"
Sept. 30, 1946.
~.i.
•'
■
■
Danville,
Bond
Election
street
V
An
—
lighting
works
Pa.
issue
.■>.
of
water
' system,
and
refunding
bonds
amounting to $100,000 will be sub¬
mitted
to
the
voters
tion to be held
Milford
New
Bond
Call
at
the
elec¬
May 7.
on
Sch.
Dist.,
Pa.-
Nina
Comstock,
Secretary of the Board of School
Directors, calls for payment on
April 1, 4%% bonds Nos. 23 to 26,
amounting to $2,000. These bonds
are
due on April 1, 1961.
Said
bonds should
be
presented for
payment of principal and accrued
interest at the Grange National
—
amounting to $64,000,/ not > exceeding; 6 % interest.
Dated April 8, 1946.
Denomina¬
Bond
Sale —The
following counsel, full?direct phligations of
tion $1,000. • Due Sept. 1, 1947 to
1971.
Rate of interest to be m bonds amounting to $363,000 and the District. Payable as to prin¬
multiples of Y4 of 1%. These are offered for sale on March 18—v. cipal and interest from ad valor¬
the bonds authorized at the gen¬ 163, p. 1491—were awarded to the em taxes which may be levied
Bank, New Milford.
eral election on Nov. 6, 1945. En¬ City National Bank & Trust Co., without limitation as to rate or
amount.
Legality ; approved by
close a^certifiedvcheck for?$l,00Q, of1 Kansas City: •
,« Pittston
Sch. Dist., Pa.
$248,500 water works extension Stinson, Mag, Thomason, McEvers
payable to the District.
Bond
Offering
Thomas
'
—
Due
and improvement bonds.
&
Fizzell, of Kansas City.
electric
50,000
light
Du.e
receive sealed bids until 7:30 p.m.
Medford, Okla.
extension
and improvement bonds.
from 1949 to 1965.
Bonds
Voted—The
J.
Hennigan, District Secretary, will
from 1949 to 1969.
April 1 for the purchase of 1,
m> V/z, 1%, 2, 2V4, 21/2%, series of
1946, improvement coupon bonds
amounting
to
$150,000.
Dated
April 1, 1946. Denomination $1,000. Due $15,000 April 1, 1947 to
on
following
amounting to $83,000 were
favorably voted at the election
bonds
64,500: sewage; . disposal system
syndicate composed of Win. M.
system bonds. Due from 1949 held 011 March 15:
of Cleveland, C.F.
to 1970.
$48,000: civic auditorium bonds.
Madison Township Sch. Dist. (J?. Childs; & Co., of Chicago, Fox,
The
next highest bidder was
35,000 water system bonds.
O. Canal Winchester), Ohio
Reusch & Co., of Cincinnati, Ryan,
the First National Bank & Trust
Bond Election—An issue of con¬ Sutherland & Co., of Toledo, Ira
Okeene, Okla.
Co., of Oklahoma City,. Evan L,
struction % bonds
amounting
to Haupt & Co., of New York, Roose
Bonds Voted—An issue of hos¬
Davis, and Small-Milburn Co.,
$336,000 will be submitted to the & Co. of Toledo, McDonald-Moore
pital
and / equipment
b onds
jointly.
voters at the primary election to & Co.; of Detroit, Nelson* Brown¬
amounting to $100,000 was favor¬
be held on May 7.
ing & Co., of Cincinnati, and Swe- Claremore School- District, Okla.
ably voted at the election held on
ney, Cartwright & Co., of Colum¬
/:• Bond Offering—Louise Hartline, March 9.
Montgomery County (P. O. Day*
-v-:': v'";- -.- .r
bus, as iy4s, at a price of 101.41, a
District Clerk, will receive sealed
ton), Ohio i •
basis of about 1.125%. Dated April
OREGON
bids until 10 a.m. on April 8 for
Bond Sale — The following 1, 1946.
Denom. $1,000.
These the
i
Forest Grove, Ore.
purchase of $73,000 building
bonds
amounting
to $3,000,000 bonds are due Dec. 1, from 1947 to
bonds. : Due $4,500 in 1949 to 1964,
av Bonds Voted—An issue of bonds
and offered for sale on March 21
1969. The next highest bidder was
and $1,000 in 1965.;
The bonds amounting to $34,000 was favor¬
—v.
163, p. 1338—were awarded the National City Bank, Cleve¬
will be awarded to ,the bidder of¬
to a syndicate composed of the land, Fahey, Clark & Co., and Mc¬
ably rVpted at ap election held
National City Bank, of New York, Donald & Co.; jointly, for iy4s, at fering the lowest rate of interest recently.. These bonds are to be
and agreeing to pay par and ac¬
used to purchase sites for indus¬
Mellon Securities Corp., of Pitts¬ a price of 101.09.
-Other bidders
crued
interest.
These are ', the tries.
burgh, R. W. Pressprich & Co., of were as follows:
bonds authorized at the election
New York, Harris, Hall & Co., of
Bidder
Price Bid held on Feb. 26. Enclose a certi¬ Multnomah County Capitol High¬
For VA% Bonds
Chicago, Fahey, Clark & Co., of
fied check for;2% of the amount
way Dist. (Pj O* Portland), Ore• Cleveland, and the Winters Na¬ National City Bank,
bid.
Bond Sale—The general obliga¬
tional Bank & Trust Co., of Day¬
Cleveland,
r
tion bonds amounting to $240,^
Davidson Sch. pist., Okla.
ton, at a price of 101.38, a net in¬ Fahey, Clark & Co., and
a
land, jointly.^
163,
Okla.
ing March 1, $15,000 in 1954 to
1961,. and $5,000 in 1962, as Is.
system bonds amounting to
water
voters
1491—were awarded to the
Berks County Trust Co., of Read¬
ing, at a rate of 0.45%.
Dated
1, 1946. Denomina¬
Principal and inter¬
est payable at the First National
$60,000 will be submitted to the
Bank
&
Trust
Co., Oklahoma
voters at the election to be held
City, or at the fiscal agency of
on April 2.,
the Statein New York.
These
Claremore, Okla.
bonds will be, in the opinion of
B.
due in 1947 to 1956 are
V/2S, and bonds maturing in 1957 Rocky River School District, Ohio
Bond Sale—An issue of builds
to 1969 are l%s.
The next high¬
est bidder was Stranahan, Harris ing bonds amounting to- $960,000
& Co., Inc., Hayden, Miller & Co., and offered for sale on March 14
and First Cleveland Corp, Cleve¬ —v. 163; p. 1210—was awarded to
Bonds
McAlester School District,
.
Chouteau, Okla.
„
building bonds
bonds
-
Bond Sale—An issue of
night of $125,-
Boardman, District Clerk, will rereive sealed bids until 8:30, p.m.
on
Lima, Ohio
Okla.
Township
Falls
Bond
Chickasha,
the
held
amounting to $600,000 and
offered
School Dis¬ bonds amounting to $70,000 and bonds offered for sale
recently
trict V bonds,
in Muskingum offered; for • sale recently,f was were awarded to the
City Nation¬
awarded
toi the City National
County, as Is at 100.12 for matur¬
al Bank & Trust Co., of Kansas
Bank & Trust Co., of Kansas City
ities ranging from 1947 through
City, as follows: for $75,000 ma¬
as
%s.
The next highest bidder
1970, set an all time high for this
turing $15,000 March 1, 1949 to
was
the
First National
Bank,
type of issue, although the second
1953, as iy4s, and $225,000 matur¬
Chickasha, for sAs.
bid was 101.21 for l^s.
8
to
be
(P. O. Reading), Pa.
/ Note Sale—The tax anticipation
cost of 1.88%.
interest
compared with 1.29% a
April
bonds
Berks County
Canfield, at a net
for the purchase of
construction
coupon
bonds
on
of
issue
An
—
facilities
amounting to $300,000 will be sub-,
National
First
Election
Bond
recreational
March 19 Were
Co.,
J
Bellevue, Pa.
amounting to $225,000 and
offered for sale
100.07
PENNSYLVANIA
I
y/
j
.
$65,000 iy4s
the
at
26,/^/y /
City, and Evan L. Davis, of Tulsa,
Bond Election Held—An issue
jointly, at a net interest cost'of
of water system bonds amounting
1.86%. These bonds are due $20,to $20,000, not exceeding 6% in¬
000 in 1949 to 1958, and $25,000 in
terest was submitted to the voters
1959.
The
next
highest bidder
1.00%; yield, compared with a
yield of 1.01% a week ago, which
equalled the all-time high for
this index set in June 1945; the
index for 10 lower grade bonds
a
For $30,000 2s,
$30,000 Is, and
be
Ada, Okla.
dex
stands today at
voters
March
on
3
Bond
Bank
today >99%, the first time this in¬
has ever broken through a
will
"
awarded
OKLAHOMA
Bank, Portland,
of
issue
$105,000
set
pared with 1.15% a week ago; the
index for 10 high grade bonds is
An
improvement bonds
to
held
election
—
-
United States National
Hugo, Okla.
on
^;• U;:;
M
1
.
Mericka & Co.,
.
.
1956.
Bids
will
be
received
for
of
the
'
,
-
:
terest cost of 1.0412%:
McDonald & Co.,
jointly —101.09
Braun; Bosworth & Co.; Inc.,
IV4S. Due from 1947 to 1966. Stranahan, Harris & Co.,
L
500,000 detention home bonds, as ::%InC.,
First Cleveland Corp.,
Is. Due from 1947 to 1966.
$2,000,000 court house
v
bonds,
500,000 : tuberculosis
hospital
bonds, as Is. Due from 1947
to
1966.
1946. Denom¬
ination $1,000. The next highest
bidder was Braun, Bosworth &
Co., Inc.; Stranahan, Harris &
Co., Inc., McDonald &; Co.; City
National Bank & Trust Co., Kan¬
sas City, First of Michigan Corp.,
Ryan, Sutherland & Co., Merrill,
Turben & Co., Provident Savings
Dated March 1,
Cleveland, and
•
Merrill, Turben & Co.,
jointly
Halsey, Stuart & Co.,
First of Michigan Corp.,
E/H. Rollins & Sons,
Bond Sale—The
$9,000 transpor¬
tation equipment bonds offered
for sale on March 18 were award¬
as
;
.100.91
—v.
to
162, p. 3247—were awarded
United : States National
the
at
any
above rates of
interest, but no bid
combining two different rates of
will be accepted.:. Reg¬
istered as to principal only.
The
interest
bonds
will
-
and
be
the
interest
payable
tion for any tax
thereon
without
deduc¬
taxes, except
succession or inheritance
taxes,
now
or' hereafter levied or as¬
or
sessed thereon under any present
or
future
law
,
of
the
Common¬
wealth, all of which /taxes the
District:/ assumes and ; agrees to
pay, . The
bonds will be
to the highest responsible
dery provided
less than
est.
par
such
bid
is
sold,
bid-/
not
and accrued inter¬
The highest responsible bid¬
der; shall be the one who,
having
complied with the conditions of
sale, offers to take the whole
amount of the issue at the lowest
interest cost to the District, which
Bank, of Portland recently, at a shall be determined by deducting
ed to -the First State: Bank of
price of 100.12, for $124,000 ma¬ from the total amount of interest
Davidson, as Is. These bonds are
turing July 1, 1947 to 1956, as to
due $1,500 in 1949 to 1954.
/be paid on account of such
The
2
s, and $116,000 maturing July bonds
next highest bidder was the Na¬
during the life thereof, the
1, 1957 to 1975, as 2s. Interest amount of premium offered, if
tional Bank of
Frederick, for J-J. Dated Feb, 1, 1946, Denom¬
any, over and above the face
1.10s.
'
\
f" ination $1,000.
amount of the issue. These obli¬
l x
*'>' VI
' ' '.
"
•'
r
,
*
l
•
:
!
••
'
r
Durant, Okla.
Bonds Voted—An
Mullaney, Ross. & Co.,
jointly
-.—••100,66
Paine, Webber, Jackson
000 and offered for sale on Jan. 3
entire; issue
the
Port of
Alsea(P.O.W aidport), gations will be payable from ad
valorem
Ore.
issue of city
improvement bonds amounting to
Bond Offering—Wm. F. Keady,
was favorably voted at
election held on March .12./;
Secretary, will receive sealed bids
$638,000
taxes
limitations
within
the
taxing
imposed by law upon
school districts of this class.
The
enactment, at any time prior to
the delivery of the bonds of Fed¬
purchase of $20,000 3 % dock im¬
Hayden, Miller & Co., ;
eral legislation which > in terms, •
Frederick, Okla, •
provement coupon bonds. Dated
Ball, Burge & Kraus, ;
by the repeal or omission of ex¬
Bond Offering—The City Clerk
July 1, 1946. Denomination $500.
Bank
& Trust Co., Cincinnati, w'-and
will
receive
sealed
bids
until These bonds are due $5,000 July emptions or otherwise, subjects
Martin, Burns
Corbett, Van Otis & Co., jointly
—-100.64 March 26 for the purchase of the
to a Federal income tax the in¬
1, 1948 to 1951. Principal and in¬
Lahr, Doll & n Isphording, , and
following; bonds
amounting to terest payable at the1 First State terest on bonds of a class or char¬
Weil, Roth & Irving Co., jointly, /V Urbana School District, Ohio /
acter which includes these bonds,
Bond
Election — An
issue of $273,000 authorized at the election
for $2,000,000 Is, and $1,000,000
Bank, Waldport.
\ '
ct ;?
will, at the election of the pur-^
held on March 9:
construction and equipment bonds
114s, at a price of 100.439, a net
Salem,
chaser,
relieve
the
purchaser
amounting to $496,000 will be $164,000 water system bonds.
interest cost of 1.0434%.,,
Other Bids—The .$125,000 park from. his obligations under the
submitted to the ; voters at the
34,000 electric system bonds.
and playgrounds bonds awarded terms of the contract of sale and
Norwood City School District, Ohio election to be held in November.
15,000 sanitary sewer bonds.
entitle the purchaser to the re¬
on March 4 to the First National
Bond-* Sale — The
$1,300,000 A like amount of bonds for the
50,000 park bonds.
Bank, of Portland, as DAs, at a turn of the amount deposited with
building bonds offered for sale on above purpose carried at the gen¬
10,000 fire equipment bonds.
price of 101.125, a basis of about the bid. These bonds are issued
March 15—v. 163, p. 1083—were eral election in November of 1945.
0.993%—v. 163, p. 1338 — were subject to the favorable opinion
• Hartshorne,
Okla.
awarded to the Harris Trust &
Wapakoneta School District, Ohio
of Townsend, Elliott & Munson,
Savings
Bank,
First National
Bond Sale — The water works also bid for as follows:
Bond
Election—An issue of
of Philadelphia, and will be de¬
; Price
Bank, both of Chicago, and Breed
construction bonds amounting to bonds amounting to $65,000 and
livered to the purchaser only if
Bidder
,V
>
Bid
& Harrison, of Cincinnati, jointly,
offered for sale on March 18 were
$180,000 will be submitted to the
' and after the proceedings author¬
awarded at a price of 100.015, a Paine, Webber, Jackson &
as is, at a price of 100.159, a basis
voters at the primary election to
izing the issuance thereof have
Curtis,-•L.
1 >
net interest cost of 3.1190%, as
of about 0.985%.
Dated April 1, be held on May 7. ,y.
been
approved by the Depart¬
For $125,000 iy4s
^ > v:
—100.38
follows: for $45,000 maturing $3,ment of Internal Affairs. Enclose
1946. Denom. $1,000. These bonds
Fordyce & Co.,
Wellston, Ohio
000 in 1949 to 1963, as 3s, and
a
certified check for 2% 6fi!tfte
For $125,000 iy4S—
100.28
Bond Election—An issue of 2%
are due semi-annually from 1947
face amount of the bonds, payable
$20,000 maturing $3,000 in 1964 to A. D. Wakeman & Co.,
to 1969.
The libkt highest bidder water distribution system bonds
For $125,000 1
—100.189 to the District Treasurer.
1969, and $2,000 in 1970, as 3Y4s.
amounting to $100,000 will be
was 100.057, for Is.
the
until
8
p.m.
on
May 14 for the
-
.
..
,
,
,
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 25, i946
i
.
SOUTH
DAKOTA
'■
Municipal Bond Financing in February 1
Freemarf, S. £>.
Offering-—E. Schamber,
Bond
The
issue
new
municipal
market
City
Auditor, wiU receive sealed
with the appearance of two substantial
and
oral
one
bids
until
2
p.m.
on
Enclose
for
check
$1,600, payable to
City Treasurer.
Bond
Election
Planned
The
—
following
bondsamounting
to
$1,200,000 wil be submitted to the
voters
at
election
an
be
to
held
sometime next month.;
$400,000 park bonds.
200,000
street- improvement
;
}
bonds.
.
\
,
_
completed.
was
group,
headed
was
proved
and
by Tripp &
attractive
accrued
two
to
loans
contributed
1
•
substantially
to
1082
1205.
Ohlo^_l}4
|
1947-1969
250,000
275,000
1947-1971
100,000
} >j
-T /z} } Lexington,
Bond
Tenni.
Offering—W.
Town
Recorder,"
sealed
bids
;
L.
Brown,
will
until
receive
7:30
p.m. t on
March 26 for the purchase of series
bonds amounting
revenue
sewer
to $300,000, not
interest.
Dated
exceeding 11/2%
Dec.' 1, 1945.
Denomination
U952
requested
are
of
rates
14
of
and
than
there
one
turity.
ed
Not
name
in
a
rate or
multiples
than
more
rate
shall
for
be
of
three
of interest should be
rates
fied
to
interest
1%.
speci¬
no
more
Creek
827,
Township Olive Consolidated Sch. Dist. No. 17; Qkle._lV4
Independent School
District, 'Texas-
one
ma¬
The bonds will be award¬
to
the
responsible
1,
1953,
callable
option
and
thereafter
shall
for redemption
of! the town in
at
be
the
inverse
numerical order on June 1, 1952,
and
thereafter
on
any
interest
payment date prior to maturity at
par plus accrued interest to the
'
date fixed for redemption
plus a
premium of $20 for each bond
redeemed prior to maturity on or
prior to June 1, 1959, and a pre¬
mium of $10 for each bond re-,
deemed
prior to maturity after
June 1, 1959. The bonds are pay¬
able
at
the
Chemical
Bank
&
Trust Co., New York, New York,,
or
at the option of the holders
/thereof at First National Bank of
Lexington. The bonds are issued
for
the
purpose
of
constructing,
improving and extending the elec-.
trie system of said town and, to¬
gether with $101,000 outstanding
Electric System Revenue Bonds,
Refunding
Series
and
A,
any
other obligations which may be
issued in the future on a parity
under the provisions of the reso¬
lution authorizing the bonds,, arc
payable solely from the net rev-*
enues derived, from the operation
of the town's electric distribution
system.
The
approving opinion
of Chapman & Cutler, of Chicago,
will be furnished. No bids, for
less than pear and accrued inter¬
est will be accepted.
Enclose a
certified check for %% of the
bonds bid for.
:
1080
;?
ruary.
955
Cushing,
.
1956
1949-1968
Cushing,
100,
MhiD.,—•
-
-
Edina,
Minn.
.
1084
i,
No.
-
1947-1958
15,000
*
-1205
-1205
^28
.
828
1981
2.20
100.52
XMl
100.35
-
2.1ft
loo-
125,000
1953-1956
rioo.ooo
1946-1970
r224,000
Texas
rlO.OOO
1946-1970
250,000
1.96
97.54
ro05,000
2,000,000
1947-1971
___4-lV4-l
1947-1971
1.06
1.06
.97.54
1.95
rl44,000
1947-1971
100.03
100.03
;
1-258,000
1946-1970
1946-1970
97.54" 7
1.95
97.54
1.95
100.06
1.24
100.06
1.24
; v
547,000
100.06
1.24
1947-1971
750,000
100.06
1.24
1947-1971
453,000
90,000
100.06
1.24
1947-1951
100.42 /
0.65
1947-1956
100.000 ;
1947-.1971
1211 > Galena Park, Texas}-4—-,
1211
'Galena' Park, Texas
*
100.42
25,0*00,,
1947-1971
0.65
100.45.
20,000
3.45
100.45 /
120.000
1947-1966
1209
3.45
100.45
3.48
•
1947-1971
125.000
100.45
3.45
1947-1966
:T 20,000
350,000.
100.45
2.45
1949-1956
1947^1956
100,000
*2)081/, -/Hartford, .^Argyld;'
—
February—
:
Permanent, loans
^Temporary
4/
•
(U.
79,922,850
14,703,091
36,599,632
57,236,250,
15,384,542
65,529,000
34,417,000
36,379,589
150,000,000 120,000,000
55,000,000
Canadian loans (permanent):
Placed
in
Canada...
Placed
in
U.
Bonds
4
.
12,205,000
4:4./.None
15,000,000
None
None
•••
Total
■
90,000,000
Hickory,
955.
6,753,876"
:"4, Npne
142.000
10,034,000
None,
:
None
,
.
None
1335-
1,
1208.
.
1208
*
951
v,
Dumber
of munikiipMities in the Umted State& emittihg
long-ferm bonds and the number of separate issues made during
The
February were 158 and 1$5, respectively.
and
for
148
January.
rt
- *
951.
For the
Month of
1080
-
$79,922,850
1945
3,6,599,632
81, $58,516
57,236.250
-...^
1941
106.525,932
1927-
128,515,297
256,683,191
-157,623,043
1939-.M;
i-i
53,799,855
1938---^.——4
63,592,113
1937
42,987,742
:
98,045,437
53,435,359
1935
194,424,134
176,999,232
,824
In the fQllowing
we
25,956,360}
—————1
list all of the domestic issues/put -out
durii^'.'the''';past''inonth
1211
1211
1211
121
Page
1207
108,0.
Name
825
1209
954
Maturity
Abbeville, La.
Acadia Parish
No.
Okla.
Andrews,
Cal.
XV*
Angelee County
Cal:/
iJ
1335
Anoka
1947*19515
—
Bartletfc, Neb,Bethany;
Blanohard, Okla.
B.oerne, Texas
Brooklyn Local Sch. pLst„ Ohio. Mi
Brownsville Sch. Dist., Texas... -2y4
•1
■'
Bryan, Ohio
...
—
Parish
Caddo
1206
1336
1339
1335
12u7
School
1,
Carlisle
—
County.
81,
100.14
-
j
:.
150,000
/
School
.
>
:
- *
75,009
/
28,000
•
1948rl963t.
■
Ey
Lubbock,'
Lubbock,
1951-1965
47,000
■
100,000
100
102.04
dioo.ooo
T0928
—
1947-1966
6,250.000
1946-1965
100
Too" 61
110,000
3 W
rl3,000
1943-1951
.
444,009-
}} 64,000 *"
}
"
105."".
}joo.i^:-: i.$
Ookdaler
100.18
}
1.48
1.48
148
25,000
100.18
"
1.48
'
7
'}'
1047-1960
•
1976' /; C*
78.000 7
V600.000
100.06/.}
108,000
,
.•*" ••'/j*-
.r82,Q00
} 150,0Q0
100.04
•1,00.06
'•
p
.
1947- 1956
—vr:
65,000
•
,
>
-35:000
••
jV—-
75,000.
1
■
25.000.
,
87.500
-
•
100.14
3.&50
1947- 1057-
>
1946- 1957
..-r—:.—-i.
.Oconto, Wis.,
1084}:Osange, Texas;
10.090
'25.000
7'
•
' d25,000
"
120.000
-
:}_J_2.1/i
..
1948-1966
1947-1984
101.49.
'
60,000
-
10149
5.000
35,000
.
1948 -1966
-XX /'•
-101.49
■«
•
1946- 1956
►
T0T49
25.000
.
wiswje.M /
*>
-*•'
.
■/
80,000
.80,000
150.000
100, Q00
.1"
Too" 14
>150,000
-
_
"
1947- 1956
T956
0.69
15,000,000}
;■}•
La.;
J340-
1.48
100.18 (V.
065.000
.
1047-1971
Texas
La..
Oak'dale,'
I48
1-48
)}t'.47/000 }
Montpelier.
1207
'
-.10048}..
'
Nacogdoches,
1.48
loo. 10
100,18
90,00ft
Vv
1946- 1957-
1211
-
325,000
65.000 /
1947-1971
1947-1971
1.48
400.18 }'
36,000
1947-1971
Ohio__"-—.
Morrill School Dist.rist,..Neb,^„__2
Murray^ Utah
________2. .*-':
954
100.18
300,000,
*
1946- 1951
'
-
•
1947-1971
1947-1971
1946- 1067
1207
District,
]$inn;—- XT:\
1.48
Montpeliev, Ohio.-----—-1 Y\
Montpelier, Ohio—
Montpelier, * Ohio___^-i_--__-»j_1 Y+
Montpelier; Ohio.—, •/
1084
r425.000
50.000
100.18.
Montgomery, N. Y.—-2—2 ■■■./-
1080
25,000
1947-1953
100487}
}:
1.48
100.18
954
95.4
88000
1.21
"1.48
60.000
1081
954
125,000
1951-1960
/
too; 18
1947-1971
Minneapolis, M'inn..'--1 }
Minneapolis, Minn
.^23
f.
-
Texa.s_______l}4-2
Texas—'„Jlll34-2
1.22
V
} 22:000 r'
Mineral Wells, Te8b;S--~i---l34>2.Mineral -Wells, TexaE^____l3A-2
Wells,
•
; 100.32 y,
T 60,00ft--
•''.952 "r Marshall, M^nn.
2_1 V* ;r
1208
Mineola, N;.' Y.zr_--l}__}jrj.i_0.9O :•
Mineral Wells,
•
1947-1971
TvSchopl :Pistlcfc, No. .146,
Maine (State of)__-}-;-_-_^--_-0.7p}'
"Maine Turnpikej.Autbwrity, Me. _2 Yz
X954 - .Mapdan.,.
"■ ') c •
'^984- N^ndau- N.>.}.,
Mineral
>>•
1947-1971
1080
826
,
1947-1968
Tekasx--T}-^'v'
Texft.s-*--Jr^T--jpr-'--;.--l^ 'h
826
1947-1968
-150.000-
1847,-1971
Texas___1 Va/.,;
1339
140
100.28/
Twft.dft
'.190,0pft-
-1947-.1971"
-
Lubbock,
.
J.3T
.101.31;
}: 225,000
TexaSi.}__,;___>-_;__/.^iV%
•/ Madison County Community High
"
fv.-x* -/Mv'A
f
;
1339
100
T0T05
0-94
101.80
r
/"'•
'
.
y4
_
1211.
138.9.
445,000
1969-1976-'.
19 47* I960
Too}"
0,95
100.30
450,00O-
1948-1903
Texasl^_"___}-.—-----IYz
Texasi_ijX'—Yi
il33ft-
20,000
1949-1969 •}:
100.30.
1048^1966
,
}ioo
63,000 ".
100.56
20,600.
,475,000.'
■
Lubbock;
"954
La--.^
C'ay County Indep.
No.
0.85
.1..00
District,
—3."IV ■1
Caldwell, Texas ;
—2V2 ■2%
Calumet
City,
111._______—2,a- 2%
Cameron School District, Mo,-'. 1
Camp County, Texa^
3- 3V4
No.
1210
Z
'610,000
\T9,70ft,
,
Cv
VA
825.
17,000.
d 20,000.
/
19.49-1968
.2^
^serne, Texas
-3V
Rnrger Ridep. Sch, Dist., Tex,- :2V%
Bradford Local Sch. Dist., Ohio .1V4
...—_______
1082
1210
•"
'
:
1083
1209
T}
1947-1963
Dec. 1, 1965
/-
ni.
1084
Breakwater
100
60,000
No, 30, Minn.
1080
1339
100.80 }
40,000.
100.000
County echoojj District
1335
1084
X.;
1949-1958
.—'
1.41
,1.96
0.9*2
140,000
Vv •■'} '•:•
School
Lubbock.
1950
'
}
>
'
1211
65.000
"22,500
—--—
Texas
///Basis
$130,000'
-
.
Alliance, Qhin
AJva,
1847-1966
...—
to.wa
1084
Price
X
District
6, .La——
Algona..
.
Amount
1947-1956;
——:——
Road
FE.nnn>nX }
0.90
~m 24
-
1948-1964:
1211
QE
.100
079
:
1940-1965
1211
l^UNlC^Ah nwv SALES during
*
50.000
1947-1956}
121
Liar 0(F
0.65
102.08
47,000
'1947^196/3;}
1
—
Districts, Cel.
Los Angeleq .Coynty
1211
100.45
80,000
*
1947-1961
Lubbpck,. Texas^i—i'l Va
Lubbock, Texas_x}XiXiii}-i-i}-l Vti%!
Lubbock,* Texas;Arj}x}:}}rXX}rl%,'
Lubbock, ,TexasJ.^—_r-r_._X_r.}ll Yz
Lubbock^'
Lubbock, Texas_--___--4_—^i--l-
46,754/354
66,029,441
...
—r /
1211
22,694,286
173.546,75$
0.68
400.000
Lubbock,-
17,571,818
100.85
.1^48,-1973 /
1211
.} 35,292,689.
1.07
250.000
1947-1960
->
56,017.874
1918.
1847-1954
Distrlots;
Douisvglef-
30,927,249
1917....... 4.
0,75s
.-4i IVt,-
1080
1919____
101.51
}
1947-1951-
152,886,119.
120,253,685
53,466.424
101.0ft
120,000)
1948-1969.
_
Los
175,244,868
R156.000 Z
138.000
1947-1966
'
Ohio-
Districts,
115,234,252
.
In<t—1
,
824
31,705,361
1933.—.—_
25,000
1947-1966
Los'Angeles County Gajyey- •
■
}}•>/':
School' District,zCak-l/i-}
Vs b
824
Los Angeles Coynty School
Districts,. Cal. -'--—--—^—1V*: '•
824
Los'Angeles County School
215,859,851
1920J_________
65,182,481
/
.
—
242,724,817
150,607,778
1934—.—
1932—
■
234,167,550
.
1-400.000
—X
Lexington, Masai
Dqndis, N., C.
Lorain,, Obk^
"UOO.ift
71,000
14.000
Neb.
Texas -_r___-___ii_2%-2'A
Long Beach Township, N. J./.___2
950,
} 7,000
f
Llano,
1083
V
100
r480.500
3-3.Va
O^io
100.07
100
.
81,400
1949-1955
Ift53"1975»
Neb,
Indianapolis,: Ind. _i.-i
Indianapolis Rark Dist.,
Lorain,
1083. Lorain,
284,008,204
1926...
1.. 172,358,204
1925—
80,323.72ft
1924
—94,798,665
111,480,529 1923..
80,003,623
250,216,123 * 1922}l,.-.4.4-;
66,657,669
187,'569,041. 1921..,..^..^ 65,834,569
194(4..}.^^.— 171,946,014
Tex^s.
Imperial,
Imperial,
13.600
*; /
Conservation
Reelaination." District. No.
1083
4;
77,130,229
/
1081
'191,401,330
145,612,446
1920-V.-—69,901,723
1928—L'.
L 133,823,923
160,726,233
64,870,100
—
75,236,503
954-
1339
$170,095,408
41,202,784
1943
1942.-
.}
$119,446,501
1930,./.
135,934,588.
\
For the
■
Two Months
-February
1931.
$151,266,598
14,703,091
1944..
1936
Month Of
.
Two Months,
February
_
-
170,000
1949-1964
.
Jefferson Twp. Sch. Dist} Pa
IVi
952 ^ Johnson County, - Mo——/.
——1;«
For comparative purposes we a<Id the fQllowmg table showing
the output of long-term! issues ip. this country for February an<I
the two months for a series of years:
v
:: 4
.
'
530.000
1949-1961
County
^;
-
38,000
1949-1978
1210
This contrasts with 184
'-
1496—
.6,650
1949-1966
Home wood, 111.
.
r6,65Q
1947-1956
:
Hobart,' Okla.:._^
Homestead, Florida —V
and
^Includes temporary securities issued by New York City: $25,000,000 in February,:
1946; Nooe in February, 1945; $50,000,000 in February, 1944; None in February, 1943;
and None In February, 1942.
.
;Z 'v .
^
C.-->-----r-5-X,A-X
Hobart, Okla.
824
i3,3ft^/'.-JHndspeth
1 77,292,633 1 63,882,508 101,687,250 1 67,724,370:
285,373,850
'
955}
None
None
N-
-
*; 38,000
Hobesk Okla,
955
781,000
I
S.__.
120ft
w
Possessions—
of U. S.
'
1,.:N.- Y..4 ;"'// >1947-1951
Hempstead-Franklin^ Square'Miinson Fire Dist., N. Y,3-.^„l
|20a }vHickory,'.')-N.! /G}«}}--}}-LL§il V&t"/ J
41,202,781
54,670,000
105.93
*
575.000
1947,-1951
1081
S;-:'
S.)_«
(temporary)
loans,
;rv/v/;::p
S.)-~
•
(U.
loans
$
•
31,000
1947-1969
Granville,
School District No,
Hayes Center, Neb
1080
IO9.IO i 1.10
*350,000
Hebron and Fort Ann Central
1946
4
1947-1S62
;
1084:; Rarlandale Independent School.
District, Texas
1211
Harllngen, Texas}-
comparison of all various. forms of obliga¬
tions sold in February during the last five year?.
*
116,000
Guy an Township Local School
District, Ohip
L____
t
—X'
•100,000.}-
1952
Worth,
'
108.36.
-
Florence, Ala,
%Florence, Ala. —.>4
:
Floren.ce,- Ala. /—__^_w___-_^«^_l3A
Florence; Al^.
~~l3/\
Fort Worth, Texas}_>i/_-4-lVi-l
Fort
/
1.07
'
15,000
District, Mkh.i_2 *
Perndale School District, Mich.__l
120.7
1205
2.74
100.08
55,000 -'
d60,000
V-.-T-3. }
Perndale School
12051
■%
i.2i
100.50
9,500
21,000
/
1947-1968
1.19
100.35 >
375.000
824//Fayetteville/ Ark;
1207
,1.05,
}/'.
1951-1965
J—1%
Texas-,'_~_;
100.03
7
r50,000
1947-1951
■■:/■
/Erath County Road District
J„
-1.05
45.000
1946-1961
—2Y»
Elkton, ' S. D
955..
'i
100
1-22,000
2'A
108O} Ekalaka, Mopb
1083' Elgin, Ore.
T JT
;
..100
100.03'
}.
—
,
/952
*
.
150,000
Dakota County Independent Sch.
No.
"
1
225,000
.
__
'955
Decatur, Texas
_..3t23/:»
1081}- Depew. N. Y,_
1.10
108^., Dyer, Tenn.
v
1081... Ector,.County fndep. Sch; Dist-^l1/*
•
9
TEXA9
Q.9»
100.02
-
7,500
}> :i
Okla..--—2——2—2. }
Okla.
4
052'
/ •
furnish!
we
Aransas Pass, Tex.
syndicate- composed
of
the
Ranson - Davidson
Co.,
Bayseher. Pierce & Co,, of Dallas,
Allison-Williams Co., of Mipne(Continued cn page. 16.37}
—J-:
";X77,000
Okla.
wT.7 Dist.
undertaken in Feb¬
was
„
Below
Broken Arrow School District.
Okla.
IV* -l>/z
a
100.20
100.04
6,500
j
Cushing,
'955
inadequate,
No United States Possession financing
1210
awarded to
t
•
Curtis, Neb.
•
955.
proposed underwriters.
The city has not as yet issued any state¬
ment as to its future plans with respect to the financing.}
1209
Bond Sale—The $370,099 ZVz%
and
Seawall bonds
offered for sale on March 14 were
10,000
'
-
bidder
whose bid results in the lowest
interest cost to the Town. All of
the bonds which mature on June
/
'
—
Canadian
any
1.33
:
}--}T
60,000
1339; Crosbyton
to
1956, $17,000 in 1957 to
1960, $18,000 in 1961 to 1963, and
$19,000 in 1964 and 1965. Bidders
•
170.000
1.;
1949-1952
,
,
$1,000. Due June 1, as follows: $15,000
in 1948 to
1951, $16,000 in
9.95
-
.....
B, electric system
}
1946-1/95,6;'
Tenn.
Craig County White-„Oak Consol'5 )
idated :$!(&.• Diet:- Np, i, Okla,-!
j
the terms on
which an American and Canadian syndicate proposed to under¬ 1211 ^Galena
Park, Texas
1211
write their respective portions of an issue of $156,480,000
refund¬ 955 //Galena; Park, Texas
£ Garfield County,
}ing bonds.
The amount scheduled for the U. S. market was $85,*-958S:Gr«feg County, Sabine Comm. *
980,000 and an appropriate registration statement had previously
Sch. Dist. No. 4, Texas-* _1V4-1
Gurdon
School
been filed with the Securities Rnd Exchange Commission by the "324
District. Ark.__
as
0 95
250.000
1948-1960
828
rejecting,
100.44
200,000
1948-1968
Fort Worth, Texas-.____..4-l>A-l
of that nature amounted to $54,670,000 in February, of
T^fc-Fort Worth, Texas^
„4-l»4
$25,000,000 was contributed by the City of New York, and
828
Fort Worth,* Texas_._...„4-1 W-l
$17,450,000 by New York City Housing/Authority.
As for Cana¬ :jS51:- Framingham,. Mass.»%.
dian municipal financing,
this was limited to an aggregate - of ,/95X} yramingh8ra, Mass.
^
3 Vz
$781,000.
The outstanding development in this field was the action 1211;; Oalen.a Park, Texas
in
<
150,000
'Covington,
{
1083
Virginia, which placed an issue of $l,000,000l
loan department, the record shows that bor¬
officials
0.95
100.44
,
1210
rowings
Montreal
1.13
100.44
v/
••
"
Among: other substantial borrowers during the recent month,
incidentally, were Caddo Parish School District No. 1, La., $6,250;000; Fort Worth, Texas, $4,000,000; Sacramento, Calif., $2,680,000f
of
>
1947-1,966:
"1.03*
i0'l.32
*
500,000
1947.-19.7jl'-
which
■
100
;
27,000
1947-1952
Contra. Costa County, San Pablo
School District, Cal._.m_____
P.
:'J;
Basis*
} 7,500
,
' r
} 4
Dist.,
1
;•
Price
400,000
...
/
1335
Cook County: School District,'
i
V-;;4?-;-'
No. 124, 111.1:.
'
828Corpus Ghristi Independent
,Jv j
School District, Texasl.-__lV4-2
/'I
952'/Cottonwood County Independent
»
Schopl District No. 6, Minn.1^1 4 }
bringing
the.
grand total of issues sold in February to a figure of $79,922,850,
which compares with an output of $71,343,748 in January./ While
the proportion of February's aggregate for refunding purposes was
considerably above that for the preceding month, this was prin¬
cipally the result of the Port Authority loan,- which /accounted
for $18,757,000 of the $23,000,500 figure.
Of the $71,343,748 bonds
marketed in January, only $2,912,000. represented
refunding, loans.
In the temporary
1947,-3966
.,}/
_____
Columbus, Olilo^—
Columbus,
Columbus,'
1082
Co,, of New York, and this issue
investors at the offering price 4of,
'
__3-l
Amount
1946-1955
Colerian Twp. Sch.
1082
The
,
interest.
,
400,000 water system bonds, ? w-*
200,000 sewage system bonds.
revenue
the
issue having been subscribed for before the close of business
on the
day of the award.
The reoffering price was 98.25.
:
The second important revenue loan
negotiated in the recent
month was brought out on behalf of the
Maine Turnpike Author?;
ity and consisted of $15,000,000 2M>s of 1970,
The underwriting
and the State of West
r
and
new
These
Jackson, Tenn^ }}}} }/}■: }
unit
Maturity
Clinton, Iowa
,
954
offering consisted pL $18,757,000 general and refunding, eleventh series bonds, due-March
1,
1986, and the successful bidding group, headed by
Blyth^^Co.y
purchased the issue sis iy4s, at a price of
97.30, the resultant net
Interest cost of 1,358.%
representing a new low on authority
financing.
T .}•
4The in vesting market also paid tribute to the attractiveness of
the bi-State agencies'
obligations, all but $7,2.54,000 bonds of the
99.50
TENNESSEE
TT
operation
likewise
the
long-established
a
Rate
County, • N, C,^
Clinton, 111.
___i
825
February
bond undertakings,
by a neweomer to
Z
.
Cleveland
13.35
in
its
latest
certified,
a
by
enlivened
was
Name
954
other
the field.
The first mentioned was the Port of
New York Author¬
ity, whose obligations have been tested by time, a fact that was
abundantly/ evident by the highly successful basis on which
April 2 for the purchase of series
of
1946,
sewer
coupon
bonds
amounting to $80,000, not exceed¬
ing 1V2% interest. Dated April 1,
1946.
Denomination $1,000.
Due
Jan. 2, as follows: $2,000 in 1948
and 1949, $3,000 in 1950 and 1951,
$4,000 in 1952 to 195 ft, and $5,000.
in 1957 to
1966.
Subject to re**
demption prior to maturity in
whole or in part on any interest
payment date at par and accrued
interest.
Principal and interest
payable at the City Treasurer's
office or at any suitable bank or
trust company designated by the
purchaser. All bids must be un¬
conditional.
Page
,
101.49
-
Volume
:
Name
'
'
■
*
Maturity
Rate
- •
Orchard Park, Aurora, Hamburg,
Blma, West Seneca and Boston
001
'"District'No.
121!
1337
1211
,—~
1340
'.
•/
,
•;.
Raymondville,
1206'
Rhodes, .Iowa
1205
Riverside
•
District,
'
l'/a-lVi
Riverside County, School
1205
*
i-i/1/' 1947-1958 v:;
.Calif.
,
Roaevilie, Ohio
_
County,
Rush
lQoO
1212
1212
Sacramento, Cal*
St/Bernard Parish Sewerage
1079
825
y
952'
Shores,
Clair
St.
'
1953-1966
•
;—1 A
r 1S46-1950'
1208
St. Louis County, Miss^- ^ 1-v
1080 ? Sty Louis Park, Minn.
1,
,
;
Author., Fla./lW
St. Petersburg Port
951,
lowav
Scottsburg,
1080
'Shawnee, Ohio
Rhelby
,
Prao..
' > "
1946-1950
l'/4-l
——
3.Q00',.;,. 1001500,000 , 100.06
Sheridan School Township^
825
Shreveporl,' La.
""
Independent
t.rict,y Texaa
1—
13A 1
Southfield. Township School
t
v
District No. l(r, •Mlch./-"-:l%-l>/4 * v
950- Sllga
826s
'
-
' Spencer,
1209
1084>
-2-13/4.
*-2-l'3/*
^
-
y
:
y
.«
1947-1939.
1
,-1943«"19-7l
Cal;-3%-l HI.—,^--—2lA
■»
.
-
;
!
Wash..
Tallahassee, Florida
Thornburg, Pa.
Tacoma,
824
1210
1306
^
•
750,000 «• .400 >
52,000' .
82,000
100,08
*785,000
,
850,000
.
^10,000
50,000
.
1208
101
•
'
y
4
<
/
1337
•
1212'
-
825
named must be
1%.
O.
(P.
County
with
Alternate
considered
:
/'• Nacogdoches), Texas
option
Bond1 Election Planned—An is¬
sue of court house bonds amount¬
$80,000 will be submitted
the voters at an election to be
ing to
Sewer
trict
multiples of Vs of
proposals will he
bonds with 10-year
on
the $75,000' Water and'
bonds.
The Dis¬
will
furnish
the - printed
on
System
.
bonds, a copy of the proceedings;:
the approving opinion of Gibson
1
;
—
,
32,250
1947-1951
—2
Mich.
Ypsilanti,
Total bond sales for February
(158 municipalities
1
—-—
;
k$79,922,850
d Optional, i' k Not Including $54,670;000 ^temporary loans; or funds obllaihed by
States and municipalities from agencies of the Federal Government, r.Refunding bonds,
-'
FINANCING IN FEBRUARY
CANADIAN MUNICIPAL
'
''
Rate-"
Quebec
—
-3
:
Pelham-Township, OntariO-u—-3
<
Name
Coaticook
956
'
956-
Quebec—^——3
Shawinigao Falls, .QuebecShelburne, N. S..
1
-3
Three. Rivers,
Catholic School
Commission, Quebec !
—3Therese,
Ste.
1340'
956'
956
956
1946-1973
.1946-1950
'
.
.■*'
.Windsor,
956
;
.
■
99.4?
2.76
»Excludes
*$781,000
borrowing by the Dominion of Canada.
municipal awards in February—_
$15£t,000,000 of short-term
be submitted
(Continued from page 1626)
Texas, San.
of
Antonio, and Wil-
N; Edwards & Co.,
price of 106.677.
; liam
BesvilUt
jointly, at purchase
.
Texas
issue of water
amounting to $350,authorized at the ; election
on March 5; has been sold'.
system bonds
000,
held
vv';4!'"4
Bond
Brenhan, Texas Yf
Sale—The paving bonds
and offered
March 18—v. 163, p.
amounting to $300 000
for
sale
on
awarded to a syn¬
comoosed
of
Rauscher,
& Co., of Dallas, Dewar,
and sewer revenue refunding
i
'
No offervwill.be considered
'l'. bonds.
^
less
at
a
than par
■
of
Mosie. &
Rotan,
Antonio, and
Moreland,
of
San
These
Houston.
30 year pe¬
next highest bidder
Crummer & Co., and Russ &
bonds are due over a
riod.
was
The
Co., jointly.
yy yy
■
Canadian, Texas
,
Bond
Election
bonds amounting
new
sewer
paving
—
An
.;.'y^y;
V
issue
;
'
of
to $124,000 for a
project,
water
and
improvement and a fair
recreation park, will
grounds and
of
price
discount
;;
Texas
'Vi-yv
syndicate composed
of the Mercantile-Commerce Bank
6
Trust
National
An issue
series of 1944, refunding
amounting
to
$15,000
as
Dallas, Texas Xxf' yy,;/?/'
— On
20, the City Council re¬
request to authorize the
$2,000,000 bonds of
the $40,000,000 authorized at the
election held on Dec. 8* 1945/ ■
sale of about
Galena Park
Indep. Sch. Dist.,
Texas
Other Bids—The
bonds awarded on
\
yy;
■
:"
$500,000 school
March 11 to a
part of an /authorized issue of
$450,000, the balance of $75,000,
maturing March
1, 1959, were
taken up by local banks.
Other
bidders were as follows:
Bidder
15, 1946. These bonds are
March 15, from 1947 to
The' next highest bidder
in 1957, $27,000 in 1958,;
$28,000 in 1959 and 1960, $29,000
in
1961, as 23/4s, and $160,000'
maturing
March 71, $30,000
in;
1962, $31,000 in 1963, $32,000 in.
1964, $33,000 in 1965, and $34,000
in 1966, as Interest M-S 2^s.
,
;
$26,000
:y
Jy;y:'j':>yv'; ,'
y'
i■*-\ y.//'ui'
■
■;'y Bidder
John Nuveen &
E. H
>;■
>, -y.T
/-J.:y,';y,'
Co.,
Ranson-Davidson Co.,
Crummer & Co.,
McClung & Knickerbocker,
Stern Bros. & Co.,
bids until 2
p.m.
on
receive sealed'
March 25 for
road 7 b o n d s>
of
$75,000.
the
purchase
amounting
to
Dated'
.
April 10, 1946. Denomination $1,K
000.
Due $5,000 April
10, 1947'
to 1961. Bidders to name the rate
or
combination of rates. Not more
than
two
Texas
on
bid. De¬
designated bank in;
about May 10, 1946.
rates may be
livery at any
,
or
$375,000,
,.
J ames,
1
Stayart & Davis,
and
check for 2%
-
of the par value of
Trust JyjJ the bonds, payable to the County
Co., Kansas City, jointly,
Judge.
>
7-< 7
City National Bank &
,
1V4S—-2-^100.01'
1.248%i)
'
Edwards v';'Xy
For $375,000,
William N.
J
Offering—J. W. Morrow,
Bond
County Judge, will
' •■•/'. C. :
Principal and interest payable at
iy4^-.-^-100.26
the State Treasurer's office.
The
(Net interest costy 1.221 %.) y
County- will furnish the printed
Crummer & Co.,
" -/j-"',
4
bonds and the approving opinion
Dallas Union Trust Co.,
ry-J'
of McCall, Parkhurst & Crowe,
Dallas,
of
Dallas.
Enclose a
certified
For
(Net interest cost
Co.,
.Rollins & Sons,
Otis &
Price
Bid
Breck* \
Texas 777 7777;
Stephens County (P. O.
7 77<yy >7 enridge),
Price Bid
.
.
on
1966.
was:
a
Dewar, Robertson & ;i
•
Pancoast,
: vn\
iy2s, at a price of 100.26, a net
cost
of
1.47%.
Dated
March
Authorization Requested
a
payable at the Fort Worth
National Bank.
These bonds are
interest
interest
due
ceived
of St. Louis, City
Bank & Trust Co., of
Co.,
City, Kalman & Co., of
Paul, A. W. Snyder & Co., of
Houston, W. R. Stephens Invest¬
ment Co., of Little Rock, Channer
Securities Co., of Chicago, Milton
R. Underwood & Co., of Dallas,
RawisJ& iCo., of Houston,/and'
Dittrnar & Co., of San Antonio,
approved on March 1 by the
Attorney-General.
'/y';^ y
March
a
St.
was
V'
$510,-
>
Kansas
"-Y-—
Details—The
Sale
■,
.
less
Henrietta)',.
Approved
7 Bond
Bond; Sale
Bond Sale—An issue of con¬
will go
bonds
amounting
to
election struction
on
$550,000 $375,000 was awarded recently to
the Fort Worth National Bank, of
bond issue for construction pf a
Fort Worthy as 1743,: at a price of
county hospital.
.
"
.j
100.50, a net int. cost of 1.193%.
Jefferson County Drain Dist. No. 7 Dated Mar. 1, 1946. Denom. $1,000,
,(P, 0* Beaumont), Texas, y
These bonds are due on March 1,
/ Bond
Sale—An issue of im¬ as follows: $1,000 in 1947 to 1949,
provement bonds amounting to $10,000 in 1950, $30,000 in 1951 to
$1,600,000 and offered for sale on 1955j $70,000 in 1956, and $71,000
Principal and
March 18—v. 163, p. 1492—was in 1957 and 1958.
un¬
and accrued interest.-y
Clay County (P. O.
warrants
*
s
t
of 3V4%
Pancoast,
1941» water works
series of
3%
:
T exas
St am ford,
77
.
:
the polls in a special
March 30 io pass on a
awarded to
bonds.
dicate
&
Hal La very,
of the following bonds:
of
1941, refunding
•1 Warrants
Robertson
•—
series
3%
1492—were
Pierce
26.
City Secretary, will receive sealed
tenders Until April 23 for the
'
Bonds Sold—An
.
Cisco, Texas
Tenders Wanted
y
:
Election—^Voters
Bond
to
to the voters at the
be held on March
election to
aoolis, and Barcus, 'Kindred & Co;,
of Austin, at a price of 107.00. The
next highest bidder was Russ &
Co., Columbian
Securities Core,
'
Texas
-
*Total of Canadian
u
(P. O. Corpus
Christi), Texas
Nueces County
■
^3.05
101.38
'
100.039
-
>
340,000
19,500
-
1946-1947'
y
Details—The $100,- 000
refunding bonds awarded last;
,B. X Van Ingen & Co.,
0.0Q iy2% road refunding bonds month to Rauscher, Pierce & Co.,
Edward X.Taylor & Coif
awarded
recently to the R. J. of Dallas—V.
163, p. 1084—were
Pohl & Co., and
Edwards, Inc., of Oklahoma City, sold at a price of par, a net inter-;
Robert Mclntyre Co.,
—v. 163, p.
1492—mature as fol¬ est cost of 2.628%, as follows;
jointly,
lows:'/$20,000 in 1952 to 1954,
$350,000 maturing March 1, $8,000'
For $152,000, 2^s, and
$10,000 in 1955, and $15,000 in in 1947, $20,000' in 1948, $21,000
$348,000, 2y4s (callable) -100.287
1956 and 1957..
in 1949 and 1950, $22,000 in 1951,;
(Net interest cost 2.279%.)
Odessa Independent Sch. Dist,, y $23,000 in 1952 and 1953, $24,000
Gray County (P, O.- Pampa),
in 1954, $25,000 in 1955 and 1956v
T exas
Price 'Basis
101.63
2.75
100.08 ; . 2.98
100.53
-2.95
100.66
101.00
2.64
-
„
' .1946-1965
—3
N.^S.———
Amount
$117,000
20,000
70,000
204,500
10,000
Maturity1947-1958
1946-1960
1-25 years
•
(Net interest cost 2.205%.)
;
Page
$271,000, 2V^s, and
$229,000. 2s (callable)
For
——-
separate issues)---
coveringv 163
a
,
J/
rates
—.U——
•
1080
'•
i
two
accrued interest. Any rate or rates
Dallas. Dated
15, 1946.
Nacogdoches
y
(Net interest cost .1.908%,)
of
.
———
825
1212
;
able)
combination
their bid which is nearest par and
,
.
1335
.
by W. P. Dumas, of
price of
approximately, but not less than,
par and accrued interest'.
Bidders
are required to name the rate or
<
962
1212
'
est cost that will bring a
108.74
—
953
y
approved as to legality
been
Jam
Rotan, Mosle & Moreland,.
:. and Associates,
; .For $246j000, 1 %s, and
>$254,000; 2a (non-call-
1.15
.
at
9.
Bonds Approved— An issue of
2%% school house of
1946 bonds amounting to $150,000
has
and
payable at the place pre¬
ferred by the purchaser.
It is the
intention of the City Council to
sell the bonds at the lowest inter¬
2^4%? .and
<
election
Principal
23.
Feb.
on
the
at
'
v to
2 ;0:99'
able) »_Jrr_-_-«uL-a00.011 held in. the near future.
f" y
1.75
j& Gibson, of Austiny or Chapman
? 3 —.i... (Net interest cost 1.909%.)
6
Cutler
of
Chicago,
and
Newton, Texas
1
Westbury, N,
u
—0.75 '11947-1951 *
?0,000
105 - 7 0.73 Dallas Union Trust Co.,,
will deliver the bonds to the bank
West Paterson, N. J—114
>
I948rl953
.15,000
100.03
1.24
f Bonds Purchased—An issue of [designated by the purchaser with-,
West Virginia (State* of 1—
%4
49504970 1^1,000,000
,100.03 i, 0.88 ';<y. Dallas;
:;i>-/y;:';>:yv; yyyyyyj':"*^
Whiteside County Community
"
3%-% and 4 %%, electric light and out cost to him.
It is anticipated
C. F. Childs & Co., t
High Sch, Di&t, No. 308, 111—
t
200,006
r -L—
power system improvement bonds
Barcus, Kindred & Co.,
\
|that delivery can be effected by
Wilber, Neb.
-2
10 years ^ 20,000 -y.^-;ysLi
amounting to $120,000 was pur¬ May 16, 1946, or before.
Enclose
Wood County, W. Va
^.1.1% -.1948-1979
.
800,000 ; 110.22 V ; 1.11 Fox, Reusch & Co., and
chased
by
the Ballard-Hassett a certified check for $2,000, pay¬
Worcester, Mass.
3A
.1947-1956
' 600^000
100.65 >y<L61 Lovett Abercrombie & Co.,
Worcester/ Mass.
34
1 1947-1956 > 100,000
. 100.65
0.61
able to the City. "
Co.j of Des Moines.
j/y^y.. *
jointly,*
(
y
*
"Wuitman, Texas
--334' 1948-1965'^ v> v d35(00010O. -
,
Union High School Dist., Cal._l ;:. r,
; ,i4o,000:-^y
i58 5 Vernon, Texas
-2%
- 1947-1974
. I 450,000
.
.Vestal. Fire: District, N.
—1 '
1947-1952 /•
^,6.000
1082
Harris & Co.,, and
McClung & Knickerbocker,;
5
jointly,.
; For $152,000y 2%s?1 and
v? $348,000, l3As (non-call-
v
authorized
March
on
authorized
interest
j
Co., Houston,
»>' 101,000.. -w-—-;("V—T.-
Paula
Ventura County-Santa
950
-
v
yL /./
held
held
jy
15, 1946. These bonds
Dated Jan.
■
were
Indep. Sch. Dist., Texas
Muleshoe
J. Wylie
;
were
Dated March 15* 1946. y
y.y7;-'V-y,
1951,
7
of
issue
Co., Cincinnati,.
Trust
L15
1117
0.88
;
bonds
election
the
Due
$1,000.
25,000 hospital bonds.
Denoms.
;
$1,000 and $500/ Due Jan. 15,
as follows: $5,000 in 1948 and
7
1949, and $7,500 in 1950 and
"y Monahans-Wickett
Purchased—An
!%%y construction
bonds amounting to $300,000 was
1
system'
sewer
7
and
iy2%
Jv R. PhillipE Investment
'0.81
100.16 .
100.21 >
100.57
.
by McCall,
Crowe, of Dallas.
Independent Sch. Dist., Texas
Bonds
These
UL3<
.
r_
;
.
1947-1966
1
Monahans
,,
and
Denom.
$5,000 Jan. 15, 1952 to 1966.
i
•
Provident Savings Bank; &
.» y
water
bonds.
approved
Parkhurst &
'
John Nuveen & Co.,
1.88
y
-
$75,000
bonds,
"
bonds,
will
Dated Feb. 15, 1946,
Legality
%
Pope,
L.
Offering—John
receive sealed bids
until 2 p.m. on April 6 for the'
purchase of the following bonds
amounting to $100,000, not ex¬
ceeding 3% interest:
White & Co.,
y
Bond
r
Mayor,
$130,000, 2V2s, and
y$37d,000, l%s (non-call¬
purchased recently by William N.
able)
100.033
Edwards >& Co., of Fort Worth.
(Net interest cost 1.857%. 1
^
'y.'
•
___1
■
1955-1961
.———-1.20 .; 1948-1962
-I
' 4947-1956'
Titonka.- Buffalo,- Consolidated^nool Diitrict, Iowa---—---134
1947-1965
Trenton, Neb.
. •
"1^12
Xl3,gOO100
;
100.061
-
For
r
•
r510;000;
High School District,
Sugac Loat Township,
Sunbury/ Pa4
824
1310'
:
-
"»*, J
coast, jointly
i
*1 * - SOOjQOp { ;iQ0.67 , v1.68
'.
/ ' *\ . , . * " " • : "l
?lfl48-l96#y-yS-'K^Opa^yOOOjOS.. , 1.38
1947-1962.
r70,000 *"^,100 . ; 1.88
'..
-
Stanislaus County,, Modesto
1079
"•>
C
N..
.Spencer, N%
C.
Stamford,. Texas
1209
v
' u
Indep. Sch. Dist., Texas
$184,000
series of 1946
y
Dated Jan. 15, 1946.
25,000 series of 1946-A
$152,000, 2s, and
.
Overton, Texas
purchased recently by Chas.
of Houston:
were
B.
•
1:
Q.80
•
Trust Co., Oklahoma City,
jointly,
7
For $163,000, l%s, and
7 $212,000, iy4s
100.01
(Net interest cost 1.328%.)
issue of
purchase rev¬
amounting to $185,-
Purchased—The follow¬
2y2% and 2 Vi %
refunding
bonds
amounting
to
$209,000
Dewar, Robertson 5? Pan-
; 1.13
l'^S
25,000 ;160^08
'
.
la—'-l'A. • - '—: ' >
_:/_l%-l '/a ' '1947-1956, '
.
Sohool Dis"■
J
^
"•
951
Edwards, Inc.,
Small-Milburn Co., and
City Council.
Mexia
100.21
First National Bank &
yBonds
R. N. Eddleman & Co., and
' "
•- '"s*
-
(Net interest cost 1.792%.)
-
■
R. J.
000, was passed on Feb. 13 by the
-*
Rotan, Mosle & Moreland,
Milton R. Underwood & Co.,
1947-1959
and", S.terliog
Sohool District, CNtfV.3iyi"T;' 3•••'':'
Mich,
y
V
- -
^
V
iy able)
y.L_y
& Co.,
Rauscher, Pierce & Co.,
utilities
bonds
enue
/
<.$348,000, 13/4S (non-calla-
-^Tlv36
100.13—. 1.84
101.35 i- / 0.89
,100.32
V
/.
of Texas, San Antonio, «'
For
v. 100 ,
110,000:
y
v
/Jointly,
188,000 ' 102RP^-y_—Neb;-/i
—i. : rl40,000' ' 100.26
-1947-1961 W-,; d75,000 •
100.10: , 2.49IV2
< 1947-1956
5,000 y l00.3% y 1.46
Township
;
1
'Scott.County, Ky
'
962
Scotts Bluff School Dist„
1335
1083
' 0.74
300,000 , . 99 62^ .1.31
300,OCO y . yc——^
"Sa» Benitok
824
Antonio,
and
Dittrnar & Co., jointly,
For $103,000, 13,4s, and
$272,000, 114s
(Net interest cost 1.311%.)
of Texas, San'
Russ
,
Passed—An
Ordinance
local
2%
—_-_..__100.026
able)
y
lOOiOOO^..
Texas,,iv----:
Savanna, 111' —.—,—^„-l,/2
'1948-1963
*
12A-1>
y,
Inc., and
: f
;•
Columbian Securities Corp.
~fr.«8
f
650,000
t
.
.
r.:.' y',';vy--';y.''''y;:/;
ing
Stranahan, Harris & Co., \
60,000100.04
0.74
2,680,000 * 101.16 ,y 0,91
f
,
ordinance authorizing an
Houston,
"T>„
108,000
100.67
25,000 y 100.04
>;
,y
Moroney, BeisneF & Co.,
—
—
101.16
.
.
v"
„
l< Bond
& Co., jointly,/.,
$434,000, l%s, and
$66,000> • 1 Vzs- (non-call"*
1,38-
....
y La< Grange, Texas
' >
I
;
(Net interest cost 1.702%.)y ;
1.39
100.28 . 0;85
100.79 > J.QA2
-
'*
!
La.,——4-11948-1976400,000 Mich._y,'-,y_2-l3/4 y 1946-1950 .
83,000 '
1,
No.
District
••*'.
-
,1947-1966.
>
'• 77 y-
100.15
450,000
225,000
70,000
,1947-1964 j; '390,000
Ind._.—^-4-^1 W Ruthven Consolidated School
• 7': '•
■
District,. Iowa
_l% ':r11947-1965
Rutland, Vt.
%
1951-1955 r
Rutland,
%
1951-1960
1206
For
'«. First of Texas Corp.,
235,000
1948-1966
[1947-1964
•'
< 1947-1964 •
'
'
1
111.
Rcckford.
954
'
-
..
*
and
y
•
Inc.,
A.. W. Snyder
1.20
■
Columbian Securities Corp.
'
.
Braun, Bosworth & Co.,
----
/ 100.04
60,000
1949-1962
-
'Rockford! Til.——1%-1
1079
/>/•"?
School District
1^-1 V4 ;
County
Calif.
..J——
;
1.28
,1>35
■
115,000.
300,000 ;
y.v 6,000 .y
y' t-'
-•
_
■'
^
20,000 - 100.42
•";-'Xifyr./ 77/y
:
Texas
---
97.30
200,000
*,
Quitman;
1340
,«••
. .
.
.
/"-'V.7,;'-
;//'■
.
1947-1966
j 7 J7-(7y7
Township, Ohio——,-1V*
v.■.. yy;.•;• ./j'J.'v-y;
1340'
826
<
.
*18,757,000
1986 }'*;
'•>•
Prairie
1079
.'J.
^31,300 y. 100-03.1.08
rlO.OOO
—
\r~—
.J''V< 75,000' ; • _
..-,—4V2-2V2
District?, Texas7
954
•
1,
Port of New. York Author., N. Y.-1'A
Pharr-San Juan-Alamo School:-
1081-
.
'
'.■■■.V.- V"
Texas—194T-1956
250;000
100.03.
Phillips County School District
.7;''". '-T;'
-vv-.'
No. 12, Mont;„.2V4 ■; 11946-1965
d57,800; 100
Port Arthur, TexaS--^--^ < 7 J 1947-1961-V;^^00;000. -100.02
No.
•
.
syndicate headed by B. V. Christie Weil, Roth- & Irving Co.,, &; Co., of Houston, at a price of Lovett Abercrombie & Co.,
:
and
"
1500.096, a net interest cost of
1.698%, for $434,000 as l%s,. and ; J. R. Phillips Investment Co.,
Houston, jointly,
$66,000 as 1V2S—v. 163, p. 1492—
for $739,000; 2y4s,
Ulso received the following bids:;
Bidder
Price Bid ; $329,000, iy4s, and
.: $532,000, iy2s (callable).100.34
Mercantile-Commerce Bank
j,
(Net interest cost 1.58%.)
& Trust Co., of St. Louis,.
Price .-.. Basis
-
1947-1962
•
School.District v
Rural High
Plains
'
.
.
New
Texas
Petersburg',
1084
.
York^_u—1.10
—.1——2 .
1,
Paxton, Neb.
-/.v '*'•■■■'". /W'
•
School
Central
ofv
s"-rTtrwns
952
Amount
.
1627
COMMERCIAL & FINANCIAL CHRONICLE
THE
Number 4475
163
'
• ---V-"'•/:"■/
Barcus, Kindred & Co.,
& Co., and
jointly,
$375,000, lV4s
For
(Net interest cost
-
Suffer!
v
County
f
1.248%.)
100.01
■:
(P. O. Sonora),
Texas
.■ •
.
Bonds Voted—An issue
of road
improvement bonds amounting
$50,000
was
the election
favorably
held
on
to
voted "ht
Feb. 28.
THE COMMERCIAL & FINANCIAL
CHRONICLE
Vanderbilt Independent Sch. Dist.
of
follows: for $100,- maturing April 1, $10,000 in 1954,
000 maturing $20,000 Jan: 1, 1947 $14,000 in 1955 and
1956, $15,000
to 1941, as 2%s, and $300,000 ma¬ in 1957 to
1961, $22,000 in 1962 to
turing $20,000 Jan. 1, 1952 to 1966, 1966, and $25,000 in 1967 to 1976
as Is. Denom. $1,000. Interest J-J.
as
Is.
Dated April 1, 1946.
De¬
The
next
highest
bidder was nomination $1,000. The next high¬
Equitable
Securities
Corp., for est bidder was Alex. Brown &
$100,000 3s, $200,000 Is, and 100,- Sons, and Goodwyn & Olds, joint¬
000 1V4S. *
J; "
ly, for $45,000 2s, and $505,000
Other bidders were as follows: 1.20s, at a price of 100.03, a net
Texas
Bond Issue Approved
An is¬
—
of 1%% and 2l/z% series of
1945, construction. bonds amount¬
ing to $125,000 was approved on
sue
Feb. 28 by the
Attorney-General.
VERMONT
Brattleboro, Vt.
Note Sale—The tax
notes
amounting to
p.
sale
on
Trust
0.25%. Dated
These notes
The
Bidder
anticipation
next
March
19—v.
are
Co., at
March
bidders
1946.
Bank, Boston, at
Vt.
Treasurer,
will
receive
until
2 p.m. on April
purchase
of
water
coupon bonds amounting .to $75,000. Dated May 1, 1946. Denom¬
ination $1,000. Due May 1, as fol¬
lows: $4,000 in 1947 to 1961, and
$3,000 in 1962 to 1966. Bidders to
for
the
liame
the rate of interest. ; Prin¬
cipal and interest payable at the
Windsor County National Bank,
Proctorsville.
certified
The
bonds
will
be
genuineness by said
bank, and will be secured by the
physical assets
of
the
Village
Water Department.
The approv¬
ing opinion of Ernest E. Moore,
of Ludlow, will be furnished. De¬
livery on or about May 1, 1946.
VIRGINIA
Sale—An
issue of school
building and public improvement
bonds
amounting to $400,000 and
Offered
v.
163,
for
p.
Shields &
both
of
sale
on
March
1340—was
15—
awarded
to
Co., and Coffin & Burr,
New
York,
price of 100.07,
County
a
jointly, at
a
net interest cost
$250,000
Seattle
was
Local
and
p.
District
from
March 2,
on
—
as
Va.
water
this
tions
of election
city has
the tentative
as
to
submit to the
jointly,
at
together
States
The
project
Congressional
United
on
States
v
are
W.
Va.
1951, $14,000 in 1952 and 1953,
$4,000 in 1954 as 6s, and $473,000
bonds
amounting
to
War
the
Department
for
to
Department
by
Congress
work
be
from
for
for the fiscal
1947/48 in sufficient amount
completion
of
provisions
this
of
project.
an
Act
of
Congress approved June 22, 1936,
$331,000
is
as
submitted
election
issue
hospital
to
to
be
voters
held
on
Laramie, Wyo.,
Sale—The
water
system
extension and improvement bonds
amounting to $775,000 and offered
for
sale
March
on
1212—were
19—v.
awarded
to
a
cate
163, p.
syndi¬
& Co.,
composed of Blyth
Webster Securities Corp.,
New York, International
Trust Co., and
Bosworth, Chanute,
Stone &
both
of
at
ver
amended and
supplemented, the
War Department is authorized to
construct
public works
on
Den¬
price of 100.02,, a net in¬
terest cost of 1.2025%, as follows:
For $163,000
maturing April 1,
$16,000 in 1947 and 1948, $17,000
in 1949 and 1950,
$18,000 in 1951,
$19,000 in 1952 and 1953, $20,000
in 1954,
$21,000 in 18.55, as 3s;
$283,000 maturing April 1, $22,000
in 1956, $23,000 in
1957, $24,000 in
1958, $25,000 in 1959 and 1960,
$26,000 in 1961 and 1962, $27,000
a
in 1963, $28,000 in 1964 and
1965,
$29,000 in 1966, as lV4s; and $329,-
maturing April 1, $30,000 in
1967, $31,000 in 1968, $32,000 in
$33,000 in 1971 and
1972, $34,000 in 1973 and 1974,
and $35,000 in 1975 and
1976, as
1969 and 1970,
Is.
•
,
/ The
rivers
next
highest bidder
the First National
Bank,
was
Chicago/
Coughlin & Co.,
First
This advertisement appears
as a matter
of record
only and is neither
tation of offers to
buy any of these securities. The
an
offer to sell
nor
a
solici¬
offering is made only by the Prospectus*
National
Laramie, and
Casper National Bank,
; Casper, jointly
v
For $84,000, 3s,
$691,000, 1.20s
(Net interest cost
Other bidders
NEW ISSUE
Bidder
were
follows:
as
"
>
Price Bid
Boettcher 8c Co., and
First of Michigan
Corp., •*
jointly,'
$775,000, 1V4S
900,000 Shares
For
100.13
Northern Trust Co./
Chicago,
Braun, Bosworth & Co., Inc.,
Higgfns, Inc
R. W.
Co., Chicago,
jointly,
"V
*v
> For $775,000, iViS
-100.039
Halsey, Stuart & Co.,
A. G. Becker & Co., \
' Vi
Common Stock
;■
>'v:-r-;V,
(Par Value
';«£
<
Pressprich & Co., and
Illinois
-
■
.■■'
/
$1.00)
Continental National Bank
& Trust Co.,
1 Salt Lake City, and ®
Stock
{
Growers National
Bank, Cheyenne, jointly,
.
For $84,000, 3s, and
$691,000, iy4s
,
/
i:
100.14 *
Harris Trust & Savings
Copies of the Prospectus
the
undersigned
as
may
are
Bank, Chicago,
Peters, Writer &
obtainable from only such of
Christensen,
legally offer these securities in
-
■
'
•
'
-
/
-
First
Security Trust Co.,
City, and
Edward L. Burton &
Co.,
jointly,
compliance with the securities laws of the
respective States.
Salt Lake
■.
-.v.v..
.
For
>
Newburger & Hauo
Kobbe, Gearhart &
Incorporated
CANADA
Weil &
Company
NEW ORLEANS
March 22,1946
$775,000, 1.40s _,___100.079
Canada
Company '
Certificate
(Dominion of)
Sale—An
deposit certificates
$95,000,000
to
was
sold
issue
on
March 20
These
certificates
-
are
rate
a
Dated March 20,
Sept. 17, 1946.
of
amounting to
the chartered banks, at
of 0.625%.
...
of
bonds
the
000
-
Bonds Publicly Offered—An is¬
sue
of 2y4% flood wall revenue
to
year
control
Under
VIRGINIA
Through
contemplated
said
flood
Parkersburg,
lands, rights-
project, and additional allo¬
by
*
is $3,700,000 of
will furnish $300,- Loughridge & Co., both of
already allocated $500,000 to
made
the
Bond
the
has
cations
be
An
—
memorial
be
this
appropriations
$77,000
maturing April 1, $9,000 in 1947
at
1
v
•'
•«..
.
April 23.
con¬
appropriations
trict
WEST
de¬
alloca¬
estimated cost of
the
a
will
Government
000 for acquisition of
called.
apply
j.
County (P. O.ljorring*
ton), Wyo.
/ Bond Election
contemplated to be made by
which the City
v
following matured bonds: Dis¬
No. 3946, Nos. 29 and 30;
District 4032, No. 69; District No.
3945, Nos. 160 and 161.
.-"V".
county
yearly
with
of-ways, easement, etc.
-7"y<
bonds
WYOMING
?'
Goshen
property served and
United
trol.
No.
}'' Interest ceases on dates
Cash is also available to
be
from appropriations for flood
' On March 19
5538,
Brighton
Street, et al., bond No. 5.
National; Bank,
for
the
District * No.
21—v.
to
continuing
upon
issue,
entire
On March 20
works
March
follows:
Kimberly* Wis.
Election—The
200,000 sewage system bonds.
payable
protected by a flood wall to
H, L. Collier,
price of par, a net interest cost of
1.174%,
date
constructed with the proceeds of
•
to 164.
T
are
net proceeds
from
charges
No.
District
Said bonds
the
rived
4800, 39th Ave.,
S. W., et al., bonds Nos. 405 to 409.
to $550,000 and
of, Charlottesville,
•
specified April 21
the
counsel, are valid
legally binding obligations of
City, secured in accordance
con¬
5523, 16th Ave.,
Northwest, et al., bonds Nos. 132
<
1340—were awarded to F.
Peoples
issue of
on March
Craigie & Co., of Richmond,
the
I
Improvement Diet.,
Bonds Called
.
on
'r
Bond
order, at 101.50, and ac¬
interest.
Principal and in¬
Trustee.
has • announced
that the following bonds are called
for payment at his office:
(Net interest cost 1,2833%.)
sale
Chicago.
fe^giSwiSCONSIN.;;;;/^^^
ture, of which the Wood County
Bank, of Parkersburg,
acts
as
Consoli-
City % Treasurer,
jointly,
For $80,000, 2s, and
,
$320,000, 1 %s -———100.025
for
of
with the terms of the Trust Inden¬
Feb. 11. /y
y
of
one
Legality
Cutler,
$200,000 street impvt. bonds.
400,000 park bonds.
400,000 water system bonds.
the
Washington
The
as
voters: the .following
amounting to $1,200,000:
and
amounting
to
favorably voted at
1
100.063
and
bonds amounting
on
Chehalis
the election held
Nashville Securities Co.,
—
of
bonds
'
Sale
issue
dated Sch. Dist. (P. O.
struction
Corp.,
$400,000, 1Y4s
Bond
Va.,
approved by Chapman &
inter¬
or any
protection
have selected
such authorized
projects.
terest payable at the National
City
Bank, New York.
These bonds,
Chehalis),' Wash,f-P;i
Halsey, Stuart & Co.,
W.
An
—
•j Bonds Voted—An
(Net interest cost 1.24%.)
163,
r
y
F. W. Craigie & Co.,
offered
Bristol, Via.
Bond
Lewis
Estabrook & Co.,
Pulaski,
option of
flood
and
W.
in the opinion of
to
Bristol, jointly,
3 For $100,000, 3s, and
$300,000, 1,10s _---.--~-100.00
(Net interest cost 1.235%.)—
:
Voted
at the election held
jointly,
the
Feb. 1, 1950,
on
crued
swimming pool bonds amounting
$29,251.71 was favorably voted
r
Dominion' National Bank,y
to
as
Bonds
Scott, Horner & Mason,
First of Michigan
and
City
at
control,
1946
est payment date
thereafter, in
whole or in part, in inverse nu¬
of
cost
County Sch. Dist. No. S3
(P. O. Pasco), Wash.
100.065
(Net interest cost 1.2247%.)
For
interest
net
Franklin
'
(
—
a
a
WASHINGTON
,
■*
Proctorsville,
€
-s
and
Bond Offering—Hugo R. Welch,
sealed bids
'r
redeemable
harbors for
Parkersburg,
1, as follows: $8,000 in 1950,
$9,000 in 1951 to 1953, $10,000 in
1954 to 1958,
$11,000 in 1959 to
1962, $12,000 in 1963 and 1964,
$13,000 in 1965, $14,000 in 1966 to
1969, $15,000 in 1970 to 1972, and
$16,000 in 1973 to 1976. Bonds ma^
turing Feb. 1, 1957, to 1976, are
of
Monday,; March 25,
merical
par,
y*
$100,000, 3s,
$200,000, Is, and
$100,000, iy4s
were
rate of 0.27%.
Village
■
For
:
rate of 0.27%, and the
First National
of
and
and
Feb.
1.209%,
and
Scott, Horner & Mason, for $87,000 6s, and
$463,000 Is, at a price
Co., Bristol,
jointly,'-
rate
a
25,
cost
being offered for sale by Widmann
& Co., of Cincinnati.
Dated Feb.
1, 1946. Denomination $1,000. Due
1.214%.
Securities
due Oct. 10, 1946.
highest
a
interest
Bid
Price
-
D. T. McKee Investment
Vermont Securities Inc.,' Brattle¬
boro, at
'
Equitable Securities Corp.,
Stranahan, Harris & Co.,
Inc., and
•
' '
$100,000 and
1492—were awarded to the
Brattleboro
of
as
"
offered for
163,
1.18333%,
;
1946.
due
on
,
@FedFRASER