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MONDAY
&
1944
WAR 2 7
ommatei&i
UiaGi
Financial
Keg. U. S. Pat. Office
Volume
,
PUBLIC UTILITY
-
INDUSTRIAL
-
INSURANCE
-
Gas Co. stockholding and fall back on the
Light Co. subsidiary as the surviving com¬
pany in the system's reorganisation.
Proceeds of sale of the Savannah and Bangor stocks are estimated at
$1,000,000 and $150,000, respectively, but these valuations may prove
to'be conservative judging from the fact that sale of each of the com¬
pany's other three properties nas been arranged at prices exceeding the
dividend
A
of
cents
25
share has been declared on
per
the no par
distribution
made
was
only to sell its Bangor
of
"Cost
goods sold—
yv ••V!
dividend
A
of
record
of
holders
Other
the $2 nonvalue,-payable April 17
year were as follows:
July 27, 25 cents; Sept. 28, 35 cents; and Dec. 22,
1237. ,
v- * ■/f:
f ......•.$
cents
30
May 1, 30 cents;
$mo.—v. 158, p.
Aprli
1942
$818,969
811,885
_
_
'
822,843
——
——-—r——
'
$169,682
11,585
3.
stock, no par
Payments last
$181,268
.
$10,795
806
"
Total
income
deductions
Other
Federal
taxes
Reserve
for
post-war
43,528
(est.)-
Income
on
4,438
70,732
60,000
Akron Canton & Youngstown
District
Inc.,
Dealers,
No.
reconversion,
-
,
annually.
——
income
selling, administrative and general expenses
159, p. 546.
'
'
'
'
tion—V.
of members is directed
633,
pp.
Operating
(Stocks)______.1253
New York Stock Exchange (Bonds)—_1264
New York Curb Exchange
.1268
Baltimore Stock Exchange—
_1273
Boston Stock Exchange.
_;1273
Holdings in Chesapeake &
Ry.—See latter company.—V. 159, p.
,
to common stockholders of the company at the
preferred stock for each six shares of common
scription
of
rate of one
stock. Sub¬
in
call
price,
offering
price
the
on
the
before
stock will not be determined until just
Determination of these amounts will be
March 30.
•
■
1942
Net
profit
Number
Bal.
■
•—
common
share—V
;
:
The
A.
Foreign Exchange Rates
Combined Condition Statement of
1,776,092
$3.34"
elected three new Vice-Presidents. They
been General Sales Manager; William
tractor division, and James M. White,;
Manager.—V. 159, V- 1033.
■;
Works
Manager
of
the
can
Export Airlines—'
•
1286
Int.
Divs.
E.
Rovensky
W.
L.
American Export
see
American Airlines,
American Export
Airlines—ControlInc. above.—-V. 159, p. 729,
Lines, Inc.—Sale of Control of Air¬
lines Subsidiary—
Eee
American Airlines,
'\
1,208,809
2,330,385
2,198,585
-—
9,764,698
9,627,719
,54~165
*54,165
649,978
649,978
63,338
K-.V" 2,177
63,840
!
3,345
769,086
810,629
1,208,862
22,559
&
subs,
Divs.
bonds
and
i
*;
37,572
1,330,159
;
21,662
13,549,148
282,617
13,324,483
260,046
1,186,303
88,353
deducts.
miscell.
1,308,497
13,266,531
45,651
;
pfd.
for
90,640
"
taxes
45,597
stock.*
140,767
140,767
common!!
911,586
1,031,438
Income
on
'
35,002
!!*After deducting the 10%
13,064,437
1,068,625 7. 1,096,971
644,335
633,927
1,689,209
1,689,209
9,874,771
9,634,821
post-war credit, part of which is to
be
Co.—
sale of its 142,955*
Birmingham Gas
subsidiary.
price agreed on
Co.,
Gas &
Power
also has arranged
.
;
sale of the wholly-owned
addition to earn¬
contract is signed.
dividends on this
for its sale were started and with addi¬
form of earnings the sale price will be
base price of $100,000, in
ings of the subsidiary from Jan. 31 to the date the
Gas & Power already has drawn down $21,000 in
stockholding since negotiations
tional
proceeds to come in the
approximately $135,000.
\
;
1
' V ■"
'
Commission recently approved sale
of
the Lowell Gas Light Co. subsidiary's stock for a base price of
$900,000, plus earnings of about $100,000 from July 31, 1943, to date,
American Gas & Power has now sold or arranged for sale of three of
.
Since the Securities and Exchange
the
five
properties which it had planned
requirements of the Public Utility Act."
management is now working on sale of the Savan¬
subsidiary, but several months may elapse before it is
As the next step American Gas & Power then would
tegrate its system to satisfy
The Gas &
Gas
Co.
consummated.
to dispose of in order to in¬
Power
Internal. Revenue
a
special reserve with the resulting tax
American Power &
.
:Vr.
"
Act of 1943.
Code has permitted the amortization
five-year period of certain facilities of two subsidiary companies
that have been certified by the War or Navy Departments as necessary
in
the
war
effort.
The subsidiary companies do not record the
amortization on their books, but, in addition to normal depreciation on
these facilities, they have charged income deductions and credited a
The company has concluded arrangements for the
interest (62.82%) in the common stock of its
$1,500,000.
computed at rates provided in the Revenue
Note—The
over
share
nah
Inc. above.—V. 159, p. 834.
from
on
Balance
Sale of Stock
Power Co.—Arranges
Interest in Birmingham Gas
American
Carburetor Corp. to
&
been
American Gas &
and Dec. 24, last ycar.-
was elected a director on March 15, 1944 of
fill the unexpired term of N. A. Stancliffe,
Stancliffe was elected a director on Feb, 17, 1944
of the American Car & Foundry Co. to succeed the late N. A. Stan¬
cliffe.—V. 159, p. 1137.
;
■
■
■
,r
.
John
deceased.
Gas
realized as a result of debt retirement.
If Federal income
and excess profits taxes for the year 1942 were to be restated to reflet,
the provisions of the Revenue Act of 1942, as enacted in October, the
tax charge for the 12 months ended Jan.
31, 1943, would be $17,639,850 (instead of $18,129,616).
;
;
!
Federal excess profits taxes for the month of January, 1944, have
St. Augustine Gas Co. for a
Carter
2.198,585
2,330,385
1,089,181
Co.
Federal
and
New Directors—
;
1,208,809
"
record
April 26, July 1, Oct. l
11,826,304
9,627,719
-
cumulative
on March 16 declared, out of the earnings of the
current, a dividend of'$1.75 per share on the 7% nonpreferred stock, par $100, payable April 1 to holders of
March 27.
Similar distributions were made on this, issue on
12,095,083
1,089,181
Balance:!!——:!!!!•.
!
The contract has not actually been signed but the
is $9.50 a share, plus earnings of the Birmingham
company from Feb. 29, last, to the date of closing the contract.
This
is likely to take about four or five months.
Since Birmingham Gas
currently is earning at the rate of $1.15 a share annually, American
Gas & Power is expected to realize an additional 50 or 60 cents a
share, thus bringing its sale price to somewhere between $1,000,000
directors
1,208,809
surrently
company
The
3,884,099
9,764,698
Gen .taxes & exps., net
Federal
.
fiscal year now
3,884,099
29,884
323,640
Total
corporation has signed an agreement to acquire control of
Export Airlines for $3,000,000, according to an announce¬
ment by A. N. Kemp, President of American Airlines, Inc. and W. H.
Coverdale, President of American Export Lines, Inc., the steamship
Co.—Preferred Dividend—
323,640
100,000
Co.—
Other income
The
American Car & Foundry
401*020
57,271
!
stocks
advances
American
: which has held control of American Export Airlines.
Approval by the Civil Aeronautics Board is being sought in applica¬
tions filed concurrently with the signing of the agreement.
The $3,000,000 is to be paid into the American Export's treasury "in
exchange for treasury stock and will provide funds for expansion in
the international field—V. 159, p. 833.
;
78,701
811,591
on com. stocks.—
Divs. on pfd. stocks
Int.
Inc.—Acquires Control of Ameri¬
American Airlines,
7,288,765
43,371
1,089,181 ":
_______
Amer,
consolidated
Banks.————--——-1287 '
Condition Statement of Member Banks of
Federal Reserve System
1286
Transactions N. Y. Stock Exchange
1263
Transactions N. Y. Curb Exchange*————1263
Stock and Bond. Averages——————1263
board of directors has
of
Elec.
.
Redemption Calls & Sinking Fund Notices_1281
Dividends Declared and Payable———..1281
The Course of Bank Clearings
1280
Vice-Presidents—
Roberts,
7,211,931
8,333
31,684
—
above
Inc.
General
William C. Johnson, who has
are
286,489
23,500,187
:
com*
Amer. Gas & Elec,
Reserve
New
254,805
24,103,346
3,977
Undis. net inc. of subs.
Corporation and Investment News.1241
State and City Bond Offerings and Sales___1292
w
$4.51 1
1,776,092
shares
Earnings per coinmon
stocks
common
on
as
5,923,992
8,006,368
-
33,321
2,201,225
601,742
income.
for
earn,
mon
Divs.
Miscellaneous Features
—
-
_
9,670,680
23,213,698
plant;:
pfd, stocks—.
on
10,500,547
•
599,846
debt—!
& deductions
Other int.
Diva;
5,794,661
13,297,344
7,549,069
Undis. net inc. of subs.,
295,935,665 195,963,510
Net before taxes and appropriations
45,256,368 28,595,086
Federal income;: iaxes.^*.—j—34,750,000
21.400,000
Provision for investments & other contingencies
2,500,000
1,271,094
sales
Net
23,848,541
adjusts.^.
of
34,660,262
...
■
1943
2,167,904
19,946
elec.
of
Reservation
preferred
-■"•'•VEarnings, Years Ended Dec.. 31
■
2,058,266
2.078,213
funded
on
acquisition
104,866.261
11,994 ,613
9,941 ,123
Gross income
offering is made.
by the directors on
made
846,044
income
Amort;:
Exchange.—-.1276 >,
1276
Montreal Curb Exchange.!—.—..—!——..1277 -£
Toronto Stock Exchange_I _-!—........... 1277
Toronto Stock Exchange—Curb Section....1278
Over-the-Counter Markets
1279
rate and the rate at which the pre¬
into shares of common stock ana the
dividend
will be convertible
1,229,023
tax.
"taxes
Int.
St. Louis Stock
1952.
The
ferred stock
1,363,105
862,785
prof.
excess
Other
1275
Montreal Stock Exchange
will: be issued to common stockholders of record
March 31 and will expire April 12.'
V;. • ->:■
From proceeds of the issue the company will retire the remaining
$15,000,000
15-year
4%
convertible sinking fund debentures due
warrants
scription
655,417
360.501
"
Angeles Stock Exchange-—*-——_1275
Philadelphia Stock Exchange
1278
Pittsburgh Stock Exchange
1276
on
1,124,449
taxes.
Operating income
Los
March 17 filed a registration statement with the
Securities and Exchange Commission for the issue of $29,601,500 cumu¬
lative convertible preferred stock.
This stock will be offered for.sub-company
"Fed.
Stock Exchange..——__.U_---_--.-1274:
Cincinnati Stock Exchange
——1274 .
Cleveland Stock Exchange,.
...1275
;
2,917,528
657,804
•
income
Other
499
38,381 403
6,874 ,649.
13,870 603
7,772 ,566
3,572,277
465,551
Depreciation
"Federal
$
5
9,300,867 112,683
10,143,183
___.
1944—12 Mos.—1943
$
$
1,163,394
Maintenance
Chicago
Detroit Stock Exchange
:
Common Holders—
Preferred Stock to
1033.
revenue
Operation
_.
Co.—Registers with SEC—Offer
1944—-Month—-1943
Subsidiaries Consolidated—
Exchange
New York Stock
105.
Allis-Chalmers Mfg.
share
Street Journal".)
Electric Co. (& Subs.)—Earnings-
Period End. January—
Quotations
Page;
to National Uniform
Alleghany Corp.—Reduces
The
("Wall
stock.
158, p. 2574.
American Gas &
Stock and Bond
Practice Com¬
mittee rulings which provide for redemption on March 23,
1944, of
due bills issued to cover dividends of $5 per share of preferred stock
for each of the fiscal years ending Sept. 30, 1942, and Sept. 30, 1943.
Ohio
the common
available -for
earnings
—V.
Issue
($100
Attention
159,
will mean an increase of
ments alone
consolidated mortgage
devote to other purposes.
The saving in* dividend pay¬
$125,000 a year in the balance of
can
company
.
—V.
of Minneapolis Gas, which the
$225,000 annually in the corporate funds
This
the company is
required to set aside $9 a year for dividends and sinking fund ior each
of
the 25,000 participation units originally outstanding.
Retirement,
of the entire issue later this, year, therefore, will mean an increase of
Association of Se¬
In
amount of the issue
This balance is ex¬
pected to be cleared away entirely in October.
Until such time as remainder of the issue is retired
and deprecia¬
.
consolidated mortgage 4%.% 1988 series B, 5% pre¬
part
and common stock ($100 par) shall be set¬
tled March 23, or may be settled prior thereto on one day's written
notice.
'•
All contracts on
and after March 21, 1944, shall be regular way
unless otherwise specified.
stock
ferred
Since the subsidiary has in the sink-,
sinking fund.
year as a
ing fund an additional $138,000 of the units, the
outstanding will be reduced to $530,000 on April 1.
$6,892
$46,098
$92,968
1
""Includes
1988 series A,
4%
,
-
announces:,
contracts in the
"when, as, and if issued"
All
13,
*,
has called for redemption from Its own oash re¬
April 1, next,1 $600,000 of its participation units.
These
second preference as to assets and to dividends of $5 a unit
In addition, the Minneapolis company has to reserve $4 a
on
units have
RR.—Delivery Ruling—
of the National
Practice Committee
Uniform
The
curities
•
The latter company
sources
3,097
extra
an
* " ■■ ■ * •
obtained from the sub¬
of the $11,772,000 first
Gas Light Co. has out¬
standing.
■
Not
dividend of 25 cents per share
"and the regular dividend of 25 cents per share on the common stock,
both
payable April 15 to holders of record April 1.
Like amounts
were disbursed in each of the 16 preceding quarters.—V. 158, p. 2461.
directors have declared
The
' '" •' * *'* • * *■
Co. is to apply funds
'1 *
stock sales to retirement of $2,772,000
mortgage 4% bonds of 1950 which Minneapolis
sidiary
unit per
Inc.—Extra Distribution—
Air Reduction Co.,
'
American Gas & Power
14,668
$140,272
3,774
—
,
estimates.-
Def.S3,874
$125,107
15,165
profit
income
share has been declared on
per
cumulative convertible preference
to
1943
$1,177,381 *
1,007,698
\
Operating
•
1944
$936,992
and "discounts
Inc.—30-Cent Preference Dividend—
Air Investors,
important Minneapolis Gas
sales, less returns, allowances
Gross
Feb.
on
\
Quarters Ended Feb. 28—
1 to holders of-record April 14.
A similar
1, last.
Payments during 1943 were
as follows:
Feb. 1, May 1 and Aug. 2, 25 cents each; and Nov. 1 and
Dec. 17, 50 cents each.—V. 159, p. 209.
'' „ ''
•
.
:
stock, payable May
common
Co.—Earnings—
American Forging & Socket
Distribution—
MISCELLANEOUS
-
have
Adams-Millis Corp.—25-Cent
Copy
60 Cents a
Corporation and Investment News
Senegal
RAILROAD
Price
1944
York, N. Y., Monday, March 27,
New
Number 4267
159
SEC Order Dissolving Two
"
decrease.—V. 159, p. 834.
,
Light Co.—Appeals Court Upholds
Utility Companies—
Circuit Court of Appeals at Boston has up¬
held the action of the Securities and Exchange Commission in ordering*
the dissolution of two Maine utility corporations—Electric Power &
Light Corp. and the American Power & Light Co.
The two companies contended that the section under which the Com¬
mission sought to impose a "death sentence" on them was unconsti¬
The First United States
tutional.
p.:
The
SEC
contended
that it was completely justified
company to "reorganize or dissolve"
that standards of the Public Utility
in requiring a
when the Commission discovered
Holding Company Act were being-
violated.
The dissolution order against
by
the SEC
in August,
Electric Power & Light Corp. was issued
1942, after hearings on the holding company
system of Electric Bond & Share.
Bond & Share controls
through ownership of 46.83% of the latter's voting stock.
The Circuit Court said it was forced to accept the SEC's
statutory
ence
finding
Electric
ultimate
"that the corporate structures and continued exist¬
Electric unduly and unnecessarily complicate the
of American and
voting
distribute
—V.
Bond
the
of
structure
among
power
.f
sales
allow.,
Returns,
3,836,662
3,231,004
69,726,739
49,270,673
35,007,602
695,863
393,984
337,471
$14,245,384 $10,131,821
192,437.
259,766
$7,452,842
5,075,676
& delivery
etc.,
goods sold, advertising, sell.,
expenses™.,.
Cost of
•.
administrative
and
Depreciation
•
-
-
,
Operating profit
______
Other income
_
"366,644
income
Federal'income and for¬
inc. and excess profits taxes
accrual of 1940 Federal ex-
for
Prov.
eign
Excess
profits
cess
for
Prov;
tax
'
tCr245.072
■
;—.
,
Dr550,00D
adjustments—..
post-war
2,738,426
______
>.
- —i.—
;
673.785
3,585,205
4,354,374
.
,
$7,819,487
287,788
$14,437,820 $10,391,586
Other deductions
685,228
405,937
•Prov. for Fed., excess profits tax—4,391,083 c, 2,349,109
Post-war excess profits tax refundCr439,108
Cr234,911
Total
•
for'Calendar Years
1942
1941 :
$89,743,662 $63,633,139 $46,028,918
1»43
.
,
,
:
$4,286,246 $4,364,560
Dividends
2,051,110 2,296,229
JEarnings per share
$5.30
■$5.02
$5.35
"Includes $151,705 representing overaccrual of manufacturer's excise
tax liability, charged to earnings in prior years, reversed and restored
to
other income in
1941.
tRepresents provision for Federal excess
profits tax charged to earnings in 1940, not required due to retroactive
change in the Internal Revenue Code, and applied to reduce the pro¬
visions required for Federal income and excess profits taxes due on
1941 earnings.
|On average number of shares outstanding.
_'_X
Net income
$4,896,244
2,455,043
_!
__
,
Sheet, Dec. 31
Consolidated Balance
and in banks.-—
Marketable securities
U. S. and foreign tax not,es__
Cash
Merchandise inventories
I-
•_—
assets
current
Other
.
—
.
Investments
.Fixed
;
,
.
assets:
U.
690,252
664,037
502,197
•i7U,35cj
8.328,001
8,329,450
6,431,293
4,893,819
837,120
8,039,646
7,703,500
900,000
Cr80,000
___
Cr800,000
344,601
53,193
surplus
189,500
.
34,558
94,461
14,250,125
4,944,625
422,147
Other
300,212
$32,605,351 $29,834,546
879,549
15,579,628
11,618,813
i)r73,673
Drl07,396
$3,208,115
$30,657,201 $31,085,380
. 3;000,000
5,000,000
$26,085,380
$29,834,546 $27,657,201
par);
of
American Utilities Service
report for 1942 the
—
$50,003,834 $32,273,819
—
1033.
Statement,"'Years Ended Dec. 31 •
•.
•
.
•
1943
- 1942
'
Consolidated Income
•
retire
crued
\ "
-
.
.
.
.
____U_a_—
Selling and administrative expense
sales
of
Cost
profit
Gross
_a
j:
—!
income.——:—
Other
Total income—
_!__
!
paid
Loss
retirement of fixed
Minority interests
U
Net income
5,429,431
307,048
4,017,316
—
:
dividends
Common
Earnings per common share
i
—
Consolidated Balance Sheet, Dec.
•
Cash.
U.
S.
Treasury
U.
S.
Treasury
13,626,833
_U——10,250,000
_1„9,640,943
Government—!3,301,624
"Accounts'receivable
receivable from U. S.
receivable
from Heating
Accounts
Corp.
Finance
15,409.995
short-term notes
notes—
tax
Federal
.
$2.53
of excess profits tax
aries
not
Patents
—
___
—
;;
;
41,438,190
and equipment
plant
Total
/
Liabilities—
Notes
'
Reserve
Federal
for
taxes
income
Reserve
for
workmen's compensation
Reserve
for
pension
cumulative preferred
stock ($100 par)—
shares, no par)——
stock (10,043,291
Common
Paid-in
surplus
Earned
surplus
—;
;
Total
"Less
——
—
reserve:
$132,197;
1942,
1943,
$903,067;
$135,776.
treatment' charges.
for
for
metal
Reserve
681.445
Other
obsolescence,
stocks.—
44,520,442
180,717
194,672,871
taxes of $15,100,000, excluding social security taxes, were
against operations in 1943,
■
Renegotiation; under the War Profits Control Act has been com¬
pleted for the year ending Dec. 31, 1942, resulting in a clearance
without refund to the Government.
The review of 1943 operations
has hot yet been undertake^, but the management - believes that . ho
excessive profits have been realized.
Income Statement for Year Ending Dec, 31 :
charged
'
.
sales
Net
—
from operations,
Income
before depreciation---
contingencies
——_—________ 1
reserves
413,300
—
.____!_
liabilities
'
Surplus
Net
offices:
19,931,844
541,220
570,831
earned
—
6,640.593
;>
:
■
1,245,672
815.524
—J—
43
12, 383,611
1 ,042.711
:
..
'
4,500,000
500.000
567,078
203,023
547,800
4,386,400
70,303,037
20,961,382
7,384,286
127,718,522 123,348,534
+Less reserve: 1943,
1943 and 1942, $6,552,651.
'
36,853
150,000
Drl49,322
Dr56.885
20,634,223
of
140,000
20,603,032
50,000,000
43.620,430
15,355,084
867,600
88,283
SuperpDwer
has
Notice
Federal normal
.1943
a
par
and for the
of 10 cents a
'
354,600
16,807,962
900,000
141,649
2,037,759
382,270
1,182,646
605,351
188,180,717 194,672,871
shares.—159,,p."442.:
•
Changed—
preferred and common
outstanding as of the
change of the common'stock to shares
Share.
This will reduce the' company's
Telegraph Co.—Plans New Sys¬
Inter-City Communications and Television—
Plans
for
a new type of intercity communications facil¬
March 17 by this company. The work, it was
the trial of
—
(1942).
;
'
cofnmon share--!
deducting 10 rfr post-war credit, $1,188
tRepresenting. post-war credit," Federal
Balance Sheet, Dec. 81
per
"After
6,746,032
;
1,156,000
;
5,590,032
5,164,223
of profit
Balance
Earn,
29,834,546
American Telephone &
tem for
10,404,000
!S 6,352,223
1,188,000
354,654
807,962
which amount will become available for paypurchase of its own stock out of surplus and,
in redemption of preferred stock, for payment of any excess of purchase price over capital allocated to the stock.—-V. 159, p. 442.
ity were announced on
3,140,000
10,692,000
r.
6,831,727
*: capital by $4,443,078,
ment of dividends, for
'
surtax
76,123
been
year-end
having
tax and
3,145,000
'2,1856,407
Corp.—Par Value
..decrease in the number of authorized shares of
".stock to the number of such shares" actuallly
taxes
23,497,179
471,176
313,000
445,000
State
450,755
143,039
,568,546
received by the New York Curb Exchange- that, by
amendment to its certificate of incorporation, the common stock of this
corporation has been changed from shares without par value into shares
having a par value of 10 cents per share on a share-for-share basis.
Beginning March 18 transactions in the common stock were recorded
on the Exchange in the 10-cent par value shares.
.
1-..V.>
The stockholders have approved amendments to the company's cer¬
tificate of incorporation,
which provide, among other -things, for a
'
44,572,999
—i
——
"Represented by 2,191,669 no par
American
20,057
•
disposition of securities
reserve for doubtful account rec.
from
gain
Reduction
000
Assets—
$2.53
$2.29
(1943),
$1,156,000
profits tax.
excess
1943
;I
Cash, marketable securities and U. S. tax notes
Accounts receivable and accrued InterestInventories
—
_!!!iw.^':.
Other .assets and investments--!!!!——.—
Post-war refunds of Fed. exc. profits taxes__!_,
Land, buildings and equip., less reserve^——!!.
■'
!
Commercial and Financial Chronicle (Reg, U. S. Patent Office) William B.
Dana Seibert, President; William D. Riggs, Business Manager.
135 S. La Salle St., Chicago 3, 111. (Telephone: State 0613), in charge
William
6,624,821.
7,051,161
20,072,714
Interest
,
90,319,086
26,556,665
101,817,077
27,123,875
Depreciation
)!!
V-
a-
1942 '
$
•
.
56,233,028
8,798,846
49,050,149
12,704,864
14,017,032
587,465
7,331,994
696,066
2,344,000
1,156,000
61,915,415
65,763,119
523,565
421,475
:Deferred;charges;______-.
Total
*
-
Accounts
—143,107,183 138,435,835
-
Liabilities—
'
payable,
,
trade__!!!—l-_—2,711,032
Payable to trustee under employees' retire, plan
Accrued wages, vacation pay and taxes (other
than
Res.
taxes
on
income)
—_____
workmen's compensation insurance
for Fed. and State taxes on income
Reserve
.Capital
"Earned
Earned
for
surplus
reserved—
segregated as a general reserve
Earned surplus
Total
"Post-war
——_______
—
.
—
refunds of
-
Federal excess
1,924,244
410,000
3,181,073
95,000
16,673,194
48,294,502
stock
surplus
2,344,000
42,000,000
27,398,382
1,972,322
95,000
15,602,987
48,715,602
1,156,000
42,000,000
26,969,680
143,107,183 138,435.835
profits tax.—V. 159, p. 1034.
(Continued on page 1246)
•
Seibert, Editor and Publisher;
issue on Mondayl. Other
Edwards & Smith. Copyright
Subscriptions in United StatesAsia,
(except Spain), and
be made in New York funds.
Dana Company, Publishers, 25 Spruce St., New York 7, N. Y., BEekman 3-3341. Herbert D.
Published twice a week [every Thursday (general news and advertising issue) with a statistical
of Fred H. Gray, Western Representative; 1 Drapers' Gardens, London, E. C., England, c/o
1944 by William B. Dana Company.
Reentered as second-class matter February 25, 1942, at the post office at New York, N. Y„ under the Act of March 3, 1879.
Possessions. $26.00 per year; In Dominion of Canada, $27.50 per year; South .and Central America, Spain, Mexico and-Cuba, $29.50 per year; Great Britain, Continental Europe
Australia and Africa, $31.00 per year. NOTE: On account of the fluctuations "in the rates of exchange, remittances for foreign subscriptions and advertisements must
The
1942
1943
1,570,233
500,000
:i_
post-war
for
Miscellaneous
4,400,000
1942, $815,123.
iLess reserve:
"■
stock.
.
■>
071,088
Reserve
7,422,181
271,900
4,386,400
70,303,037
20,961,382
8,489,353
interests
Minority
lrk
insurance
benefits
and
wages
Reserve
,500.000
6,073,347
1,250,000
599,778
96,772
for
Reserve
"and
Unearned
308.762
3,500,000
debts
—
contingencies——————
Long-term
—
22,134,215
10.404,202
———————
—
——
contingencies, etc.—_•
mine and new business inv., etc!—
'
500,000
liabilities——
and excess profits
1,891,697
50 ,000,000
.620,430
($100 par)
stock
notes, etc., payable
accrued
--v-.-----Due to affiliates not consolidated—-—- — -^!:- ;
Dividends unclaimed
—i—_
Accrued tax not due (Federal tax estimated).!
Salaries
7,195,346
6,955,698
payable' to bank.:
payable and accrued
Accounts
"Common
5,105.920
11,637,202';
2,598.443
1 127,718,522 123,348.534
——
sold 235,000,000 pounds of
amount that
an
Liabilities—
.Preferred stock
'
14,529,056
937,403
491,370
l
- 545,264
10,575,787
-3,032,661
' '
s
717,813
39,316,319
188
Total
W-1942
7,334,984
—
.
1943, 'the corporation
year
staple fiber, the greatest quantity in its history
compared with 208,000,000 pounds in 1942. Net
sales in 1943 amounted to $101,817,077 as compared with $90,319,086
in 1942—an increase of $11,497,991 or 13$. ' '
Dividends declared and paid during 1943 were $5.00 per share on
the 5 $ cumulative preferred stock and $2.00 per share on the common
and
and
yarn
800,000
,
•, 599,051
10,450,787
—
—
Total
investments—
charges
§Property,
3,012,987
$0.52
advances to subsidi¬
and net
consolidated
in
T!Sundry other
Deferred
,
880,000
for_!
stocks
1943, including
•
494,771
:
10,468,963 -.10,936,922
28,491,07L 21,906,371
511,962 /, 400,927.
15,953,671 • 15,493,847
received but
concentrated,
shows a net proj.it for
share.
per
puring the
rayon
719,311
31,112
-,307,048
i-.
4,400,000
803,700
foreign in-
taxes
vestment losses
tin vestments
Metal
ores
1,050.000
„
19,433,912
154,796
employees
Post-war refund
5.551,657
Reserve for
_____
—
accounts. receivable——
(1941) refundable on
(estimated)
;
Deferred
Advances; on
not
settled
!
Plumbing
-Inventories
tAdvances to
and accounts receivable
Accounts,
——
—_
Notes
-
y
Assets—^
500,000
$0.51
31
1943
"
3,719,700
750,000
_____
—
dividends
Preferred
54,310
3.108,786
6,800,100
contingencies
for
Provision
736,175
2.964,270
.
.
(not current)
Accounts and notes receivable—
:__
;
Estimated post-war credit with respect to excess
profits tax —
Other
miscellaneous
assets
Material and supplies
Ore concentrates on hand at co.'s mines, etc.—
152,589
-—40,516
,
profits tax
isecurities->—_!_i:!_iu^.!T;'_!
Notes
1943
Direct
.
U. ;S.; Government
Corp.—Annua/. Report—
tax, of $6,352,223, equivalent,
share of common stock. These
earnings compare with $6,746,032 for 1942 or $3.20 per share; of:
; common
stock. After reserving from net profit the amount of post¬
war refund of excess profits
tax, net earnings for 1943 amounted to
$5,164,223 which, after preferred dividends, was equal to $2.29 per
share of common stock, in comparison with $5,590,032 for
1942 or
4,722,000
719,468
20,063
report for
annual
use
post-war refund of excess profits
after preferred dividends, to $2.98 per
and
insurance—.—
Interplant accounts in transit
Cash and demand deposits.——
13,823,217
326,331
_
and surtax
income tax
Normal
Excess
assets—
______
notes
Prepaid taxes and
12,793,653
16,445,409
20,211,909
—
Treasury tax anticipation
interest thereon—
S.
accrued
12,698,890
1,124,327
1.—134,761
Interest
on
>
—
10,869,823
15,055,486
1,389,923
v
,
,
U.
-
American. Viscose
The
.
60,208,395
20,350,564
56,806,978
—
Investments
124,057,703 114,648,065
98,132,394 89,155,522
sales
Net
call and
plus ac¬
Utilities will
•the
.
$...
■
account. ;
Property
$840,000
the proceeds from the sale to
its collateral trust 6'/,
bonds at the call price of 105
interest.—V.; 159, p. 1034.
an
cash.
in
1942
"1943
Assets—
.
accountant, both of Chicago; for
vand Edmund. J. Ha ugh,
Consolidated Balance Sheet, Dec. 31
Standard-Sanitary Corp.—Earns.
American Radiator &
Corp.—Sale of Subsidiary-—
Exchange
Corporation was permitted March 17 by the Securities and
to sell all of the securities of its subsidiary, the Northwestern Illinois Utilities Co. to Fred D.
Ellis, an electrical enginfeer,
American
contracts affecting the year
officials; it is hoped that the .new
valuable as an- additional means, of
and television communications re¬
Commission
*
_
annual
the
war
cables
According to telephone
system will prove to be
^meeting the nation's telephone
quirements."—V. 159, p. 1138.
27,877,265
expressed that there would be no
1,228.847
_____
,
opinion of the management was
liability resulting from renegotiation
1942. Since that time, the proper
authorities
have carefully investigated the subject of
any liability
on
the part of the company, confirmed the opinion above expressed
and completely discharged the company from liability for that' year.
As the business of the company in 1943 was of the . same nature as
in 1942, it is the opinion of the management that there, will be no
liability for year 1943 with respect to renegotiation of war contracts.
262,768
947,371
_______
■ !:■ ,
1 •'
plans were' recently announced for a country-wide exten¬
Bell System, by about 7,000 miles, of its coaxial
for telephone service and the transmission of television pro¬
the
by
grams,
-radio:
Renegotiation
In-
660,709
for other
$12,735,205
3,500,000
3,500;000
7,670,841
6,027,090
2,191,669
2,191,669
2,191,669 ; 2,191,669
Earnings per share.
$3.76
$3.99
$5.59
$4.21
'!
"Deficit,
tIncluding capital -stock,' State income and: franchise taxes.
tAppropriation to increase reserve for revaluation of investments to
provide for possible losses, largely on foreign securities and advances.
550,000
for post-war
sion
outstdg.
1,827,741
2,085,114
adjustments-—
contingencies—
—
Capital stock (par $1)_
U—_U_—
6,575,007
—
stk.
com.
V;
:"Post-war
;
>.
$2,177,345 $4,571,82127,657,201 / 26,085,380 "
and loss surp._ $32,605,351
Profit
Shs.
598,500
•; ^
-
175,812
shorter tfcan
principal purpose of the trial is to determine by practical oper¬
ation in commercial service the relative advantages and disadvantages
of radio relay in transmission of long distance messages and television
programs compared with transmission by the familiar wires and cables
and
recently-developed coaxial cables.
Relative costs represent only
one of the factors to be determined; others include the relative quality
of transmission, flexibility under actual operating conditions and de¬
"The
pendability.
>■:'
3,500,000
$2,770,805
29,834,546
______
surplus—
Total
.
(no
(not current)Accrued foreign income taxes
—
Reserve for foreign losses (contingent)—..—___
J
900,000
5,479,173
___
Surplus for period—
62,684
Long-term debt
liabilities
■'
"
3,500,000
___
dividends
^Appropriation
liabilities—
________—.a
'.
5,789,453
—
surplus
"V -«
$11,749,978 $12,252,352 $15,742,662
dividends
Preferred
189,377
—,—
Capital surplus
X
Shares' in. treasury™.!—!
_
600,000
income
Common
'
<
v ,
' , 1
project proposes to use microwaves which are
been used for commercial telephony.
heretofore
have
suitable
8,638,050
________
•
profits
L
Net
250.401
5,964,436
;
•
re¬
contingencies
$1,040,400
4,029,033
vAccrued * liability for . renegotiation—-——,--.
Sinking fund and mortgage payments due cur¬
159. p.
4,622,695
-"The new
post-war
for
Previous
profits taxes (current)——<
Dividend payable
V.
4,635,232
incetown,
Chesapeake Bay.
inc.
tax"
$94,810
payable (banks)___
—______—_____!!
payable and accrued expenses
Accrued Federal and foreign income and excess
Total.
5,116,838
(est.»_L
taxes
Provision
■
1
$32,273,819
Accounts
'•
lore.gn
(estimatedi
spect to excess
"'V
■
13,473
Notes
Earned
7,463,359
facilities
Post-war credit with
_____
—.
Liabilities—
Reserves
444,941
419,956
and Cape
627,831
654,556
just before the war across
established
and foreign excess
profits
$50,003,834
Reserve
'590,909
605,320
—
and
b.
taxes
U. S.
5,678,582
805,721
profits tax refund_.__.U__.—
Post-war excess
rently
current
699,207
taxes
Depletion
28,024
384,303
Miscellaneous other assets—..
Other
2,309,998
617,384
*
___
Other
.
2,544,499
expenses
of emergency
198,843
.
Deferred expenses
,
tCorporate
183,820
N.' ' 'I-
$26,664,877
2,043,217
1,995,016
Deprec., obsol. & amort,
6,415,809
formulae, patent rights,
trademarks,
etc.
.
admin,
&
Gen.
Research & exam, exps.'
16,205,842
250,330
675,211
7
(net)
assets
Goodwill,
three meters long,' which
radiotelephone service was
Chesapeake Bay between Norfolk
Charles, across Massachusetts Bay between Boston and Provand between the mainland and Smith and Tangier Islands in
shorter waves, only two 'oir
much beyond the horizon;
"Using still
not travel
earnings— $33,195,534 $38,116,848 $38,303,567
net
Total
37,620
97,570
691,313
7,841,773
24,283,486
413,770
——'—
receivable (net)
accounts
and
Notes
,
*5,433
406,336
18,517
22,558
investments-
on
do
$2,877,081
$7,546,881
hand
on
■
Profits
1942
1943
r',
'
Assets—
television
of
American Machine & Foundry Cor—Makes Refund—.
points., ; 1 \
v
;■
■■
company has paid $50,000 to the U. S. Treasury as a refund
The company's announcement further said:
;
J
resulting from renegotiation of 1942 salesr Net income-Tor 1942, re"Application is being made to the Federal Communications Commis'ported at $1,132,251, was reduced by the amount " of the. refund.— f sion for approval to begin the. project, which is expected to proceed as
rapidly as the war situation permits.
At present engineers of Bell
New Director—
Telephone Laboratories essential to technical phases of the undertaking
Knox Ide,
President of American Home Produces Cprp. ijas ^jeen >are engaged in war work. i..
;!•'.;• >>.v.;!
"The new system will be operated "by radio' relays of a type which
elected
a
director
of American Machine
Foundry Co. - and- its
was
under development by the Bell Telephone Laboratories prior to
subsidiary, International Cigar Machinery Co. to fill a vacancy created
the war.
This system applies to communication by radio many: of
by the death, last year, of Rufus L. Patterson, founder of the com¬
the techniques which have played an important part in the develop¬
pany.—V. 159, p. <729,
/
i
ment of long distance wire telephone circuits.
Directed radio beams
at
ultra-high frequencies will operate simultaneously in both direc¬
American Seal-Kap Corp, of Delaware—15-Cent Div.
tions and these will be relayed at stations spaced at an
average of
The directors have declared a dividend of 15. cents per share on the
about 30 miles throughout the route.
It is hoped that, ultimately, each
common
stock, no par value,'payable April 20 to holders'of record
radio beam will carry a large number of communicaions channels.
March 31.
Similar distributions were made on ApiH- 20 and'.'Oct, 15,
"This is the first plan for a system of this type to handle regular
last, year.—V. 158, p. 856.
,
_
,
,
commercial; long ^distance telephone messages over land within the
United States, and it is believed- that, it Will be.' the first to handle
American Smelting & Refining Co. (& Subs.)—Annual
commercial communications services anywhere in the world.
"This projtcc represents another step in the march of radio tele¬
Report—
Consolidated Income Account
phony to utilize shorter and shorter wave lengths.
Overseas commer- ■
cial radio telephony to England was initiated by the Bell System in
Calendar Years—
1943
1942
1941 _
1940
1927 using very long waves.
Soon afterward 'short waves' were devel¬
Net earn., mines,
smelt.,
oped for transocean telephony and today, except for the war, it is
ref. & mfg. plants!-'. $30,944,801 $35,927,606 $35,631,088 $25,381,454
possible to talk from any telephone in the United States to more than
Divs.
from
controlled
' >
,
70 foreign countries and
to any of more than 95$; of all the tele¬
companies
735,810
783,840
731,040
421,320
phones in the world.
•
;
other income (net)-—__
1,492,364
1,386,885 ' 1,535,103
367,533
Income Account
Consolidated
telephone facilities
The;
Subs.)—Earnings
(&
American Home Products Corp.
at-least two years to complete and will cost nton
It will .supplement present commercial long distance
and provide network facilities for the transmission
programs between New
York, Boston and intermediate
stated, will take
than $2,000,000.
depreciation; 1943, $39,282,943;, 1942, $38,289,923.'
$685,760; 1942, $980,892.,—V.:.-.159, p. 930.
:<:lr
for
reserve
IILess reserve: 1943,
V•'''
: ••••, '•
159, p. 345.
Gross
§ After
and unfairly and inequitably
the security holders of such system."
Share system,
&
Monday, March 27, T944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1242
VoCUVe
U
'
J
s-
NITEDIS TAIES
•
"
Kf
'
r r
'
1 »'
T
s
,
iV)''' |,y
v'
•> f
r; ' < ,
,''r V *
{ •,
„
^
,«
')
iv
A Review of the Year by the Chairman
During
1943
United
States
tinued to do its utmost
Steel
Porporation con¬
toward, the winning of the war.
•Its great facilities have aided materially in making pos¬
sible a vital service of supply, beginning with mining
operations_ in the ore and coal fields of America and
extending to the delivery of steel and instruments of
war for the plains of Russia, the wide stretches of North
Africa, the islands of the Pacific, the hills of Itaty, and
the mountains and valleys of Burma and China.
The presence of nearly one hundred thousand em¬
our country's Army, Navy and auxiliary forces
:
ployes in
makes
especially conscious of U. S. Steel's responsi¬
bility. While this review must deal primarily with a
jstory expressed in terms of tons and dollars, in the forer
ground are all those men and women who are now risk¬
us
'•
'
f
'
"
very
existence. We extend to them
of oui; respect,
admiration and
our
An all-time record
many
our
was
set by
products
Some in finished form
and varied.
went
/directly to the battle areas; others were used in the con¬
struction of equipment and many types of vessels;: the
remainder
was
absorbed in the fulfilment of other re¬
quirements of war.
A large private
directed merchant
was operated by a U. S. Steel subsidiary for the
Ileet
Government, and helped to link production at home with
the armed forces abroad.
Operating under governmental directives determining
and terms of employment, manpower orders,
ceiling prices, and production controls largely regulat¬
ing the character of its business; U. S. Steel met fully the
'war demands made upon it during the year.
It recog;
wage rates
;hized alduty: to provide the maximurn production and
otherwise
serve
the nation to the best of its ability.
But,
against the Govern¬
ment-imposed price ceilings, U. S. Steel was not able,
after the payment of modest dividends to its common
stockholders, to make an adequate addition to the fund
carried forward for future heeds* A continuation of such
a state of affairs may prove serious to U. S. Steel and
^ultimately to the nation, as this fund constitutes insur¬
ance against the times when the customers' demand for
.'.steel Inay be Small and the need for cash may be great.
because rising costs pressed upward
Income of United
sidiaries
was
States Steel Corporation and sub¬
stone
was
\
i
1 '
1,,
vi In
addition to
;
wide range of steel production for ad¬
a
manufacturers into finished
articles, U. S. Steel produced in its own plants a
great variety of war material which may broadly be
summarized as ships and ship parts; ordnance material;
navy
army,
struction
and aircraft equipment; products for con¬
transportation; and chemicals from by¬
and
product coke ovens.
In 1943 there were cancellations
and shifts in the products manufactured as the war needs
fluctuated.
Such changes created operating difficulties
unfavorably affected costs.
and
V Production in 1943 also included many special lines
of war products, such as safety netting for ships; flight-!
deck bents; gun foundations; shipboard, pulse, hydro¬
77,069,449
88,510,529
phone and X-ray cables; bomb fins and bomb fin lock
96,748,156
96,729,023
Maritime Commission in 1943.
nuts; fragmentation bomb parts; concertina barbed
convertible barges.
;
Such specialties
are
wire;
in addition to
Steel's basic contribution of standard steel
S.
U.
In 1943,
than one-third of the nation's output of plates
from the mills of the subsidiaries of U. S. Steel.
ucts
the
to
nation's steel requirements.
prod¬
more
came
Shipbuilding Records
There
U. S, Steel's subsidiary^
came
from the shipways of U. S. Steel's sub¬
a wide variety of naval and
The American Bridge Company deliv¬
ered many tank landing craft of the type shown on the
front cover.
Federal Shipbuilding and Dry Dock Com¬
during the year
railroads likewise were, able to perform
sidiaries
tasks because of the investment made in recent years
merchant ships.
their wartime
for
more modern equipment.
Since World War I, the orecarrying subsidiary railroads have increased average
.train tonnages nearly two and one-half times.
In the
/three year period, 1941-1943, the principal rail ore car¬
riers moved an average annual iron ore tonnage of ap¬
proximately 41.5 million, or double the average of the
previous 25-year period.
As / a result of a threatened
strike of railroad employes, the President of the United
States, on December 27, 1943, signed an Executive Order
directing the Army to take over the: nation's railroads..
This order embraced the subsidiary railroads. On Janu¬
ary
18, 1944, after the award of increased wages to rail¬
of the union's strike
road workers and the withdrawal
railroad properties
the
threats,
were
Government to their private owners.
transporting
scale, than in 1942 its hazardous work' of
essential cargoes throughout the world.
■
*
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,
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has always endeavored
Steel
\
\
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to anticipate the
and
authorized for expenditure about
$1,050 million of its own funds for additions, improve¬
ments and replacements.
From 1930 to 1939, inclusive,
it so spent about $600 million of this sum and since 1939
it has authorized the expenditure of $450 million for
further facilities and for the conversion of existing facili¬
since 1929 has spent or
ties to wartime uses.
produce the types, quality and volume of
products required for the war effort and for the home
fronts, U. S. Steel in 1943 constructed or rebuilt various
made of the Act
blast furnaces, open hearth and electric fur¬
naces, and made many changes in finishing equipment,
including the installation of new wire mills and of ad¬
ditional electrolytic tinning lines designed to conserve
tin.
Certain of these changes and additions necessitated
coke ovens,
the expansion' of raw material
The expendi¬
facilities.
tures-by the subsidiaries in 1943 for additions to and
betterments of properties were:
Material
Raw
Manufacturing
$16,427,122
—
____:
49,156,888
22,803,928
—
Transportation——
Miscellaneous
-
Total
564,398
—————
Expenditures
—.—
I/,
$88,952,336
Since the beginning of the emergency, $500 million of
Government funds has been authorized to be expended
by
U.
S.
Steel
on
behalf
of
the
Government. I The
largest single Government project was the construction
of an integrated steel plant at Geneva, Utah, now par¬
•
tially - in operation.
A new subsidiary, Geneva Steel
Company, was .organized in 1943 and has contracted to
operate this plant for the Government during the war
without profit.
I
in the Pittsburgh Dis¬
trict, consisting of blast furnaces, open hearth and elec¬
tric furnaces, rolling mills and other equipment, are now
virtually completed and in operation under lease. In the
Chicago District,- a tube mill was equipped for the pro¬
duction of seamless alloy tubing for aircraft and a plant
The new Government facilities
was
built for the manufacture of armor plate,
of the Government.
expense
are
now
■Steel.
For the three
1941-1943, total ingot production by U. S. Steel's
-
both at the
Such equipment and plant
operated under leases by subsidiaries of U. S.
/■■I'- '
Since 1941
v
U.
S. Steel has increased its
annual ingot
capacity, by additions to its own facilities and by the
leasing of new Defense Plant Corporation properties, to
the extent of approximately 2.0 million tons.
Comple¬
tion of the Geneva steel plant will add about 1.3 million
tons. The combined facilities will have an annual capa¬
than 89.5. million net tons, ex¬
1916-1918 production by 21.5 million tons,
or 32 oer cent.
One subsJdiary alone has broken more
than two thousand production records s'nce Pearl Harbor.
U. S. Steel's production acco—niicbrv>ent again found
recognition in 1943 through o+'ficmi War and Navy De¬
partment and Maritime Commission awards. "Plate pro¬
duction—of controlling importance to the whole ship¬
ceeding the
.
city in excess of 33.8 million tons
of steel ingots and
•castings. U. S. Steel operates about 36 per cent of the
nation's steel-making capacity. /
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U. S. Steel's Chemicals
U. S. Steel's production of coke oven chemicals, such
as benzol and toluol, was about one-third of the nation's
1943 total and is of great
and
i-Vi;//'-"1''..''V!
1■*' ''
strategic importance to the war
manufacture of
aviation gasoline, plastics, explosives
From such U. S. Steel chemicals are
These products are vital to the
effort.
medicines.
derived
nation's needs for steel, whether in war or peace,
In order to
ark,
synthetic rubber,
Facilities and Capacity
U. S.
delivered from its yards at Kearny and Port New¬
New Jersey, 80 ships consisting of destroyers,
destroyer escorts, transports and naval auxiliaries, worth
in the aggregate about $300 milliort, exceeding the value
of all vessels produced by this company in the 25 years
from its founding in 1917 to the attack on Pearl Harbor
on December 7, 1941.
This subsidiary again repeated its
record of completing more destroyers in shorter building
time than any other shipyard in the country. I For the
seventh year in succession it increased ship production
over the previous year by more than 50 per cent.
pany
returned by the
U. S. Steel's sub¬
sidiary, Isthmian Steamship Company, operating on the
high seas vessels of its owned fleet and other vessels
allocated to it by the Government, continued on a broader
comoarison with World War I results.
■
spite of a late opening and un¬
favorable Spring weather impeding Great Lakes naviga-;
.tion, all needed raw materials were moved as required.
This achievement was in part made possible by the ad¬
dition of five large ore boats to U. S. Steel's Great Lakes
fleet in 1942 and of three more purchased from the U. S.
1943, as well as of rolled and
finished steel, was again close to rated capacities. Except
during labor disturbances and on holidays, peak levels of
production have been sustained throughout the past
three years—a record unsurpassed in the history of U. S.
Steel. The significance of this achievement is emphasized
more
/.
.
.
Transporting Materials
Production for War
was
'
In-the 1943 season, in
Production of ingots in
'subsidiaries
b|/ •
»
filter mats for Diesel engines; traction nets; trestles and
Shipbuilding and Dry Dock
Company, resulted in a reduction of $3 million in the
selling prices of deliveries under Navy Department con¬
tracts up to December 31, 1942. After Federal taxes, this
amounts to a refund qf $570,000, which is a reduction of
the reported income of U. S. Steel for the year 1942. Re¬
negotiation of this subsidiary's contracts with the U. S.
Maritime Commission is still pending.
These contracts
represent approximately 20 per cent of the business of
this subsidiary during the period under review.
No re¬
serve has been provided for any refund which may result
from the subsequent renegotiation of contracts and sub¬
contracts performed during 1943 by the fourteen compa¬
nies. It is believed by the management that no excessive
income was realized on such operations.
«"
years
,
Net Tons Produced
1S40
sidiary of this group, Federal
a
,
1943
panies include all of the steel producing and fabricating
subsidiaries. The renegotiation with the remaining sub¬
by
•
1942__.:__
Congress
!
,
1941..:—_»——
authorizing the renegotiation and adjust¬
ment of income under certain contracts.
Contracts of
thirteen of the fourteen subsidiary companies subject to
this statute were renegotiated by the Navy Price Adjust¬
ment Board, acting for all governmental agencies, and
the thirteen companies were found to have realized no
excessive income up to December 31, 1942.
These com¬
•
1 -
f
....
Year
I
six per cent greater than
report mention
Steel
1
produced:
$63.4 million in 1943—a decrease of 11 per
In the last annual
,,
ties, aided by outside coal purchases, have proved ade¬
Contract Renegotiation
of
,
"
war
quate to supply the raw materials essential to the un¬
precedented production of steel since 1939.
The table
shows the total tonnages by years of ore, coal and lime¬
although total sales vol¬
in 1942. After divi¬
dends totaling $60 million declared on the preferred and
.common stocks, there remained from the 1943 income
the relatively small sum of $3,4 million to be carried
forward for future needs.
This was one-third of the
Ibmount carried forward in 1942 and was equivalent to
about one-sixth of one per cent of the $2,000 million re¬
ceived from customers in 1943. This sum would cover
costs, at current operating rates, for less than one day.
.
•
.
.
ditional fabrication by other
including coal and
mines, limestone quarries and transportation facili¬
ore
/cent from the preceding year,
ume was
?
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I
Classes of Products
.
U. S. Steel's integrated resources,
Financial Results
-
'
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for 1^43
Raw Materials for
'
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a.
gratitude.
production of ingots
'
'
largely responsible for this increase.
sincere message
Its rolled and finished steel
XJ. S. Steel in 1943.
•were
a
V
*'
*
i
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'
building program—exceeded by 11 per cent 1942's record
of four million tons." The use of converted strip mills,
such as the one at Irvin Works, for plate production was
ing their lives in various Darts of the world to preserve
cur
COR P 0 R A T10 N
STEEL
''7*1'
V
A^ual Report
-
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
•'A-J-'',
1243
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4267
159
quinine
substitutes,
vitamins and
sulfa com¬
pounds for the preservation of health on both the home
Large tonnages of nitrogen in the form
and battle fronts.
of ammonium sulphate
for fertilizers were also directly
derived from these coke oven
cultural
products for eventual agri¬
use.
Research
and
Technology
many
of U. S.
technological labora¬
tories cannot be given specific mention.
However, 1943
the interest of national security,
In
Steel's activities in its research and
saw
continuance of the program
a
inaugurated at the
whereby a large part
the time of the technically trained personnel was
outset of the national emergency
of
given to work with other research groups, both Gov¬
ernment and private, having for their objective "the
the best in the shortest time." Methods of re¬
most of
and for war
fundamentally much the same. Research
is a responsibility for the future as well as of the pres¬
ent—to keep ahead of the nation's enemies in wartime
and to advance the standard of living in peacetime. Ad¬
vances in technology in 1943 largely concerned the in¬
fluence of alloying elements in steel, the effects of hot
or cold mechanical working, and the results of different
procedures in heat treatment.
Electrolytic tin plating
lines, pioneered by U. S. Steel, together with facilities
for chemical treatment of black plate for food and other
containers, have made possible the saving of more than
four million pounds of the nation's vital tin supply. The
Research Division of U. S. Steel published during the
search
steel for peacetime requirements
on
purposes
are
and made available to all producers and fabricators
special manual of heat treatment. Use of the
year,
of steel, a
set forth in this manual will aid in obtaining
of many grades of steel.
processes
best results in the treatment
Employment and Wages
U. S. Steel's production performance during 1943 was
made possible by effective cooperation on the part of its
"V
employes, whose number averaged 340,498—the highest
on record.
Among them were 31,500 women.
Most of
the increase over 1942 employment arose from the ex¬
pansion
shipbuilding activities.
Total employment
$912,929,963. The total compensation
of
costs amounted to
$10,000 or more a year during
cent of the total employment
costs.
Average weekly pay of all wage earners during
1943 was $48.94, with weekly hours of work averaging
of all executives receiving
1943
was
less than one per
;
42.2.
Eliminating the effect of employe turnover,
age
weekly pay of wage earners
subsidiaries in the last quarter
in the steel producing
work-week was 44.6 hours. Under imposed
provisions, deductions of $2.3 million were
of employes during the year and
made from the wages
were
-
of 1943 was $51.42, and
the average
check-off
'
the aver¬
paid over to authorized union
officers.
:
Monday, March 27, 1944
1244
J
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
•
Joint management-labor war production
recommended by the War Production
committees,
Victory Gardens
Approximately 25,000 employes
participated in U. S.
garden programs during the year.
Sub¬
available lor this purpose 2,200 acres of
victory
Steel
sidiaries made
plowed land, gardening
literature, and in some cases
fer¬
tilizer and tools.
War
.
ated by the Government, under a succession of "truces,"
each of which gave rise to a new crisis and interfered
On June 22, following the expiration
the miners' refusal to continue
coal mining, the War Labor Board referred the matter
to the President.
On the same day, the Union ordered
the miners to return to work under a further "truce"
extending until October 31, 1943.
with production.
of the third "truce" and
production problems.
Bond Purchases
The passage of the War Labor Disputes Act and the
resumption of normal mining operations resulted in the
return of the mines to their owners, commencing on
October 13th.
On November 1, following" the expiration
"truce," the fourth coal strike began. The
again took possesion of the mines, the
President ordering the miners to resume work on No¬
vember 3rd.
Work was not resumed, however, until
the last
of
purchases by U. S. Steel employes under the
deduction plan "continued at a steadily
1943 such deductions exceeded $62
inception of the plan in February,
1942, the maturity value of all bonds purchased there¬
under amounted to more than $105 million.
In Decem¬
ber, 1943, the percentage of all employes participating in
bond purchases was 84.8.
War Bond
voluntary payroll
increasing rate.
In
million.
Since the
Government
contract had been negotiated between
the Interior and the United Mine Work¬
of America.
This contract was negotiated without
after
a new
wage
the Secretary of
ers
the
of the mine owners and while
participation
strike
was
(Annual Report Continued)
1943, income of United States Steel Corporation
and subsidiaries amounted to $63,448,546, a decrease of
In
$7,800,023 from the $71,248,569 income of 1942.
As in
1942, there were declared out of the income for the year
four dividends of $1.75 per share each, totalling $25,-
Insurance and
$1.00 per share each, totalling >$34,813,008, on the com¬
mon stock.
After declaration of dividends, $3,415,861
was carried
forward for future needs, compared with
$11,215,884 in 1942 and $56,138,390 in 1941.
Under
In 1943, total direct tax provisions, excluding Social
Security taxes, were $129,566,379, a decrease of $71,-
758,778 from the, $201,325,157 of 1942.
This, decrease
was occasioned primarily by -increased labor and other
costs.
The provision in the year 1943 for. Federal taxes
on
income included $65,500,000 for normal and surtax
and $22,500,000 for excess profits taxes, after deducting
postwar excess profits credit of $2,500,000 resulting from
debt retirement.
Tax equivalents in 1943 were: $380
.
of U. S. Steel's history, average in¬
come was 5.06 per cent of the amount of the net assets,
the latter being the total assets less current liabilities.
Income in 1943, plus interest and other costs on longterm debt; was 3.97 per cent of the amount of U. S.
Steel's net assets.
The percentage for 1943 was thus
one-fifth less than the long-term average, even though
operations were at near capacity.
For the 43 years
Work Stoppages
received in addition to any public
these employes
and
pensions an average monthly U. S,
$36.11.
The follqwing is a summary
made for pensions by the employing
1943 and 1942.
years
1943
Contributory Part of Plan
Under Non-Contributory Part of Plan—
Under
$1,207,548
6,299,887
6,764,173
6,024,264
8,170,293
16.522,887
1, 1940
To trustee for employes retired in year
trustee for employes retiring after
To
Dec.
31, 1939
Total
1942
$1584,339
19,742,000
employes retired before Jan.
For
y
—
$33,650,490 $32,664,901
Payments for Pensions—
training
employe
of
Intensification
contract regulating employment
mental operation of the mines
programs
was
in 1943 by reason of large numbers of new
employes. During the year 38,890 employes left to enter
the armed services. Many of the new employes required
instruction in
has been one
the beginning
of its accident prevention program more than thirty
years ago and throughout these years its safety record
has been outstanding.
Nine out of ten accidents of the
type occurring early in the century have been eliminated.
Many of U. S. Steel's plants have received safety awards.
accident prevention.
Safety of employes
of U. S. Steel's primary objectives since
The 48-IIour Work-Week
quence, the work-week in some plants exceeded 48
hours, as necessities so demanded.
For these reasons,
: a; mandatory
48-hour work-week was considered un¬
necessary by U. S. Steel.
The order, however, has been
complied with to the extent possible and in keeping
with permitted exceptions.
The inevitable result has
been substantially to increase costs without effecting, a
corresponding increase in steel production.
Labor Relations
A fine record of wartime production, of which both
managemerit and workers may properly be proud, was
marred by the action of small groups in bringing about
a
of strikes and work stoppages during the year
series
various
at
with
U.
S.
Steel
properties.
occurred
production
These interferences
despite
labor's
no-strike
pledge and the existence of written labor contracts with
S. Steel subsidiaries prescribing the procedure for
U.
the
handling of grievances and the settlement of dis¬
putes.
-,
i
-
Coal Strikes
There
four
were
coal mines in 1943.
separate strikes in the bituminous
Following protracted but unsuccess¬
jurisdiction
United
Mine
of the undetermined
Workers
17-fold increase over 267,000 manin 1942. Such losses in 1943 were 0.6
cent of total manhours.
were
4,845,000,
a
per
New Union.
Demands
1943, United Steelworkers of America
(CIO) served notice on various U; S. Steel subsidiaries
of its desire to reopen existing labor contracts and nego¬
tiate changes therein.
The subsequently submitted
proposals of the Union included a general wage increase
of 17c an hour, a guaranteed wage, severance pay, pre¬
miums for working on rotating shifts, extended vaca¬
On December 4,
tions, and many others.
No composition of the issues
was effected
in collective bargaining conferences and
all issues were referred to the War Labor Board for
will
soon
Hearings before a panel of that Board
$2
The miners
a
Exclusive of the money
proposals for guaranteed wages and sever¬
U. S. Steel estimates that, if all of the Union's
proposals were accepted and applied to all subsidiaries
having contracts with the Union, manufacturing costs
at present operating rates would be increased about
$186 million annually.
Since the beginning of the na¬
tional emergency, equivalent or greater cost increases
have arisen from wage increases, from increased prices
the Union's
ance
pay,
on
May 1st.
After
an
Additional War Costs
from other
still at the
level Of 1939 published prices by'reason of the price
ceilings imposed in April, ,1,941. A study of the adequacy
of present steei prices is now being made by OPA.
purchased products and services, and
operating expenses.
But steel prices are
A Pledge
U.
S.
Steel
'
-
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.
>
Y'
;
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•
to Each Other
exhibited during
f'' ' '
'
and honor.
It seems appropriate at
that pledge. Well directed
action at home, as well as at the fighting front, can
make the struggle easier and less costly, and hasten the
end.
The full resources of U. S. Steel are pledged and
issue.
Loan
enemies
complete and the eventual peace long lasting. -
retrain¬
During
there
1943
was
charged to this
for replacement of depleted inventories, an
of $1.1 million representing war costs applicable
reserve,
amount
to and
provided for in prior years.
^
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''
Cost Trends
The selling prices of major steel products in 1943 were
approximately the same as those of 1942.
The prices
of goods and services that U. S. Steel must purchase to
do business have, however, continued to advance with
general increase in labor costs.
The increase in
by certain subsidiaries has not changed
U. S. Steel's primary function as a producer of steel.
the
shipbuilding
significant changes in costs in relation to sums
from customers are shown on page 26, for all
The
received
the years
The changing rela¬
1940 of the workers, the
of U. S. Steel's history.
tionships for the years since
Government and the owners in our
present economy are
shown in the following table:
1942
1941
From
Percentage
1,863
1,977
783
913
■201
130
60
60
v.:56
11
3
Owners
Future
Needs
and
is
Steel
S.
a
.
+ 15
+25
.
f
a
—23
None
-
—94
•—80
of facilities
collection
+22
+45
' \
+19
None
cooperative undertaking to
available
make
duction
Increase or Decrease
1941-1942 1941-1943
60
To
U.
-
1943
169
1,622
Government——
For
/
-
628
Customers—..
Workers
For
To
lives, fortunes
the war
'
ing them to new skills, losses on raw materials and
supplies not needed in the postwar period, and other
similar costs.
This entire amount has been invested in
United States Government securities of the Fourth War
Amount'
1943 a motion picture
*
arising out
re-employment of returning service men and
of
v
again dedicated to the fulfilment of its part in
task still ahead, to the end that victory over our
'
1
facilities from wartime to peacetime use, costs
this time that we re-affirm
shall be
-
■»
? of net current assets at December 31,
1943, was after setting aside $75 million to segregate in
cash the $25 million included in costs during each of the
past three years for additional costs applicable to the
period caused by war.
Such costs include deferred
maintenance and repairs, reconverting and relocating
amount
(In $ Million)
film, entitled To Each Other, which depicted its war¬
time activities.
It began with a recital of the pledge
from the Declaration of Independence—a mutual pledge
of
'
s*
The
of
provide
for
pro¬
of more and better goods and
In the long run it hires men to operate its
exchange
and
services.
facilities
only
it has orders from customers and so
employ the workers and
U. S. Steel has no paying power beyond
as
it is the customers who really
the facilities.
•the
dollars
received
from
customers.
It has
no
power
operate its facilities or to hire men and women if it
has no customers for its goods and services; nor does
to
it
the various
have
the
power
to
costs.
with
It
is
Government
March 6,
1944
Chairman, Board of Directors
wages
worn
out
turn
tools
out
first-class, well-priced
against
uncontrollable
costs pushing
against price ceilings are absorbing the payments to both
goods
appeal
by the President of the United States for a resumption
660,268.
4
which might be involved in
day wage increase.
stopped work
current
V,/
commence.
operators,
mand for a
Steel Corporation
31,1943, after deducting
dividend declarations, were $519,342,100, com¬
pared with $515,068,497 at December 31, 1942. * After
retirement of $19,162,956 and issuance of $3,913,840 cap¬
ital obligations during the twelve months, the total longterm debt outstanding at December 31, 1943, was $136,-
compared, with 53,000 tons so lost in 1942. The
1943 due to strikes
compared with 32,000 tons in 194,2.
Estimated man-hours lost by work stoppages: in 1943
which included the owners of the socalled "captive" mines.
Foremost was the Union's de¬
coal
the record year for low
production and sales.
became
1943
■s
2.6 million tons,
issues between
of America and
and
Working Capital
estimated loss of coal production in
was
negotiations for new labor agreements to replace
those expiring on March 31, 1943, the War Labor Board
the
intensified
Net current assets of United States
ful
look
sum
income in a period of high
000 tons,
determination.
During 1943, the minimum work-week in the steel
producing industry was fixed at 48 hours by order of
the War Manpower Commission.
Prior to such order,
hours in U. S. Steel plants had been scheduled to permit
the most effective utilization of available manpower
for the maximum amount of production.
As a conse¬
of its history and earned for its owners the
per dollar of sales in any year of large
production.
Receipts from customers in 1943 were
greater than in 1942 by $114 million but income was $7.8
million less.
Thus the downward trend in income was
in any year
smallest
During 1943, strikes and work stoppages in the oper¬
ating subsidiaries were four-fold those of 1942.
Esti¬
mated steel production lost as a result thereof was 318,-
necessary
training in industrial practices, as well as
in last year's report it was noted that U. S, Steel in
largest sum of money
1942 received from customers the
and its subsidiaries at December
hours similarly lost
Training and Safety
and Investment
Income
in progress.
of the payments
companies in the
granted in 1943 to 1,263 retiring employes and 1,084
pensions were terminated by the death of pensioned
employes or for other reasons. At the end of the year,
there were 14,782 pensions in force.
The average length
of service of employes pensioned in 1943 was 34.71 years,
employe; $6 per ton of finished steel shipped.
per
the
Steel pension of
Plan, pensions were
the U. S. Steel Pension
;
Provisions for Taxes
during govern¬
provided for pay for time
spent in being transported from the mine mouth to the
place of work and return, known as "portal-to-portal"
pay, a provision objected to by the operators as not
required by the Fair Labor Standards Act and as con¬
trary to the long established practices in the industry,
upon which existing wage rates are based.
Under the
contract, miners receive $1.50 increased compensation
for an eight-hour work-day, calculated on the assump¬
tion that such travel time averages 45 minutes per day.
On November 20, the War Labor Board approved this
contract, with slight modifications.
Thereafter, the coal
producing subsidiaries of U. S. Steel, at the direction of
the Secretary of the Interior, entered into similar con¬
tracts with the Union, as did. most of the commercial
and "captive" operators.
These Contracts have not yet
been approved by the War Labor Board.
U, S. Steel's
coal mines are still in Government possession.
This
Pensions
Life Insurance Plan, bene¬
ficiaries of 1,934 employes received death benefits of
$4,685,775 in 1943. At the end of the year, 276,511
employes were insured for $687,975,000.
A revised
schedule of the amount of insurance available to em¬
ployes was adopted whereby the individual's insurance
coverage is more closely related to his compensation.
This additional coverage was secured without any in¬
crease in the basic insurance rate to employes.
dividends of
219,677, on the preferred stock, and four
;
Under the Employes' Group
and Dividends
Income
not heeded by the
the Government pursuant to Executive Order
took possession of and operated the coal mines.
The
miners then resumed work.
The mines were so oper¬
Union,
Board, con¬
tinued to function satisfactorily in the plants of U. S.
Steel's subsidiaries.
These committees considered many
suggestions for increased output and for the solution of
as
operations, which was
mining
of
Committees
War Production
STEEL: C 0 R P 0 RAT ION
S T A T E S
i) H I TED
apparent
and
or
that rising
owners.
labor
Substantial
could reduce them to nothing.
increases
in
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4267
159
ADVERTISEMENT..
ADVERTISEMENT
FACILITIES
(Annual Report Concluded)
Accounts
To
payable
_
in
1233,335,907
dividend
Bonds,
As
have
6.304.919
6,304,919
0
less
debt,
one
ma¬
.7,666,623
139,694,841
9,932,465
}' 11,448,264
4,892.698
4.886.920
.
other
maturing
..
.
12,214,543
384.061,979
128,993,645
amount
year
less
effort
hour
oer
of
Liability for emergency
(per contra)
1902—were
work than in
81 per cent more than would have been
provided with the tools of 1902.
Any percentage in¬
or
steel
The increase in employment costs over the
657 per cent.
was
;
Steel
Bought
by
:
For contingencies and
penses
1943
Per Cent
(Latest Year)
Increase
20,147.616
Facilities Provided by Owners— $689,259,777
Pounds
'of
$1,755,849,084
154.7
168,127
.__
Hour
per
340,498
102.5
749,819,696
25.0
53.74
80.8
Common
It is evident that the
t
Capital
through their provision
which, because of the cost,
only the pooled savings of many owners can furnish,
have largely made possible this increase in production
per manhour and thus have contributed toward social
progress.
It is further evident that, if the owners, be
excluded from the benefits of progress, they will have
neither the means nor the will to provide future facil¬
ities.
It is finally evident that, if the workers demand
and receive, to the exclusion of the owners, the increase
in production brought about by the improvement in
facilities, .they are barring not merely the owners, but
also the wjiole community, from progress—that is, from
having more and better things.
owners
Less
and better facilities
more
—
no
52,690,119
50,180,654
4,233,350
Earned
At
Year 1943
Year 1942
of
end
+
652,743,900
—_
38,462,801
shares
■
'
.
i;051,376,643
362,051,440
renegotiation of contracts.
Contracts.
The
24,245,901
32,664.901
1942
782,661,701
+ 16.6
706,763,355
648,401,343
+
9.0
have
lities
of
tion
it
and
134,008,307
ao-
plicable 'to and provided, for
0,' in ;.prior^years'—
r
plicable
.
this
__—
local
25,000,000
25,000,000
—
6,251,452
6,1531392
41,566,379
48,255,157
..
Federal
taxes
on
1.6
war.
well
In
88.000,000
1153,070,000
11,791,703,123
stock
On
share)
per
final
ProvisionsThe
Tax
25,219,677
share)
__
9,881,128
—
preferred
on
and
common
60,032 685
.
-
Deductions
in
0— 253.029,105
"
—
$4,273,603
Working Capital
Cash
.
Follows:
as
Assets
Current
in
Decrease
———
0
——
$225,089
-
53,652,765
United States Government securities—
and
Notes
accounts
Less:
receivable
370.370
——
22,407,380
inventories
in
Increase
+
6.8
—10.9
34,813,008
future
$3,415,861
t$U.215.884
—69.5
liabilities
year
$50,025,843
—
in
amount of
ap
representing
$1,123,261
war
Bureau
current
other
36,114,447
13,911.396
-
-
—
working capitals——:
$4,273,603
—
1943,
costs
INVENTORIES
Dec. 31,
Item
Semi-finished
from
of
and
based
the findings of the United States
accepted by the Bureau of Internal
Non-ferrous metals
10,787,116
,
—
54,201,832
of contracts in progress—
33,479,694
60,177,000
50,720,622
28,475,596
.$334,446,623
$312,039,243
71,337,298
■_
,
-
Supplies and sundry items—
Cost
view
present emergency,
war damage and
of the subsidiary
companies' insurable assets at December 31, 1943, the balance in the
reserve
for insurance is
held available for absorbing possible losses
of this character in connection with properties not so insured and for
Reserves.
insurance
related
losses
:
Although,
against
fire,
carried
was
other emergencies.
on
in
the
of
windstorm,
marine,
substant'al
a
(less billings)
Total
market, whichever is lower,
determined under the last-in,
Certain inventories are carried at cost or
and
the
others
first-out
carried
are
inventory
at
cost
as
method.
part
WORKERS, HOURS,
Year
Average
of
Qper-
Number
,
ation
,
_
$80,891,699
79,372,760
12,401,566
88,935,239
products
Finished products
upon
and
Corporations,
Dec. 31, 1942
1943
—' $75,705,444
Ore, limestone, coal and coke_
Revenue of the Treasury Department,, as at the init'al date Of organ'zation of the Corporation, plus actual cost of additions since, and less
credits for the cost of properties sold, retired or otherwise disposed of.
Insurance
—
taxes
Increase
Less:
(deduct)
Current Liabilities
in
Decreaso
Accrued
and
outside
—
For" the
—42.5:
25.219,677
■
War,
31,840,844
.
Increase in
for transition to a peacetime basis at the end of the
there was charged to this reserve, for replacement of
inventories,
,
19,162,956
:
This Increase Is Accounted for
,•
Equipment Valuation.
The gross values at which plant
and equipment are carried in the consolidated balance sheet have been
($4.00
——
for
reserves-—
declared
—
Increase
liability for Federal
applicable to and provided for in prior years.
pre¬
34.813.008
per
stock
forward
needs
;
cumulative
($7.00
common
Carried
171,248,569
63,448,546
;
Dividends—On
miscellaneous
on
as
1S43,
determined
ferred
realized
—13.9
in-
Total
—
75,000.000
charged to insurance, contingent
in
Plant
______—
Income
$88,952,336
—
54,248,224
Estimated 'Additional Costs Arising Out of
as
257,302,703
—
of
out
arising
:
Total
taxes
depleted
-
1,913,396,205
come
+
miscellaneous
and
.
for expenditures
aside
set
stocks
for the years 1935 through 1943 has not yet been
Although additional taxes may be levied for these years,
is believed that reasonable reserves have been provided.
time,
———_
_
Estimated
income vwas
the years 1942 and. 1941, a reserve of $25 million was provided
for those costs applicable to this pei'iod arising out of war and which
because of the high rate of operations must be deferred until a future
as
------
taxes
,
ap-
period arising
war
debt
term
State,
.
costs
and other costs on long-
Interest
'
to
of
out
Federal
excessive
no
resulting lr6ra pressure to secure maximum production.
1,123,261
....
addft'onal
Estimated
for
that
emergency
above
Additions
Dividends
result from the subsequent renegotia¬
sub-contracts performed during
1943.
It is
and
contracts
1,931.975
;
___
Long-term debt retired
may
Depreciation and Amortization. Special amortization allowances for
facilities are computed over a period not in excess of five
years and are subject to adjustment if the emergency terminates before
the end of;:that period.
Provision for depreciation of other facilities
is
being made to meet the. added burden on plant and. equipment
5,192,125
Included
i
,
to
refund which
any
5,647,476
3 913,846
equipment—
of long-term debt——
Insurance
additions
Expended for plant and equipment—
for
revised
by management
operations.
income
43,652,882
costs
11,060,338
determined.
equipment
War
been
current
} Deduction's' from Working Capital
renegotiation and the results for 1943, no reserve has been pro¬
Basis
85,163,300
fa-
income
reported
applicable' to
years
Proceeds from sales and salvage of plant and
one
believed
■
plant
prior
to a reduction of $570,000
725,750,899
the
expense
costs
Expenditures
the year 1942 and the comparative 1942
reflect this adjustment.
Renegotiation
subsidiary's contracts with the U. S. Maritime Commission for
1942 has not yet been concluded and no reserve has been provided
in connection therewith.
After considering the basis of settlement for
in
miscellaneous
TO ACCOUNTS
Government
After Federal taxes, this amounts
contracts.
6.1
of
25,000,000
.—
and.
12.292,226
in
Expenditures
Total
1,428,059,828 tl,424,643,967
surplus—
war
contingent
t373.267.324
year__—376,683,185
and
134,008,30T
provisions
Proceeds from
33,650,420
...
arising out of
til,215,884
.
yearj
dividends————
capital
OPERATIONS
FINANCIAL
1943
additional costs applicable to this period
Estimated
1,051,376,643
3,415,861
•
of
'
373,267,324
*
OF
$63,448,546
Insurance,
26,012,577
_—
Depletion and depreciation-
of
1944
and exhaustion of facilities
Wear
and
Wear and exhaustion of facilities:
sales
principles applied
with that of the preceding year.
Working Capital
Additions to
111,158
.
subsidiary companies
subject to renegotiation and adjustment of income under certain con¬
tracts
have
concluded agreements with the
Navy Price Adjustment
Board for the period up to December 31, 1942, resulting in a reduction
of $3 nvllion in the selling prices of deliveries under Navy Department
such
on
New York, March 6,
common
1
tAfter adjustment for
vided for
Loss
States Steel Corporation and its sub¬
1943, and the results of the year's operations
of the circumstances set forth in the preceding paragraph
basis consistent
a
38,462,801
111,158
___
2,766
912,929.963
c
on
652,743,900
853,266,895
——
emergency
together
United
December 31,
at
consolidated balance sheet and
with the notes thereto, present
accompanying
income,
of
war
of
...
of
of
position
the light
Cash
figures
Amortization
sidiaries
Add:
$2,106,062,459 $2,123,324,106
}
bought
the
opinion,
statement
the
Income
treasury—^—>•:.
surplus
Total
Change
Sold-—,- $1,976,844,751 t$l,862,951,692
services
those involved in the possibility of renegotia¬
the estimates of tax liability, provisions
of additional
the accounts.
as
SUMMARY
in
beginning
At
Costs
and
,
financial position
of the
and amortization, and the estimates
out of war, arevset forth in the notes to
arising
Other
*
Products
such
war,
1
1
determination
the
government contracts,
our-
fairly
360,281,100.
360,281,100
of
Income after
Percent..
Employments Costs:
Wages and salaries—
Social security taxes—
Payments for pensions.
items.
Price, Waterhouse & Co.
par
.
surplus
held
Renegotiation
'
and Services
Products
'
costs
in
3,406,762
_
'
U. S. Steel Corporation and Subsidiaries
^.'..V:'":.v,;A:/
of
;
with
and in conformity with generally accepted accounting
:
NOTES
:
these
to
as
as
income
1%
stock,
Cost
stock
CONSOLIDATED STATEMENT OF INCOME
v
54,174,131
value, stated
capital $75
per
share
(Authorized
15,000,000
shares;
issued
8,703,252
of
-
stock,
shares i
of
56,262,671
'
ex¬
cumulative, par
value
$100
(Authorized
4,000,000
shares; issued 3,602,811 shares)—
29.72
Steel
Work
,
50,000,000
1——■—_
Preferred
599,774,451
of Workers.
Worked—.—
replacement—,—
miscellaneous
———
owned
126.1
Hours
73,876,739
__
of
accordance
depreciation
related
arising
L
at the annual meeting of stock¬
Corporation held cn May 3, 1943, we
balance sheet of United States Steel
Capital and surplus
8,912.805
Total
.
for
Minority interest in companies not wholly
Cus¬
tomers
Number
costs
_
insurance and loss
For
*
(First Year)
of
out of war
period
1902
Tons
additional
subsidiaries
and
In
means
In
estimated
For
the fabrication of products which are not sold in
or
tons.
.
tion
Reserves—
in tons bought by customers is an understatement,
because tons cannot measure the vast improvement in
crease
REPORT
Corporation:
elected
consolidated
statement
during the
deposits.
contract
applicable to future periods
Income
Steel
States
Steel
States
the
"Various uncertainties in
,
with
United
auditors
United
made
was
8,703,252
347,947,532
within
of
at December 31, 1943, and the confor the year 1943,
Our examination,
generally accepted auditing standards
applicable in the circumstances and included such tests of the account¬
ing records and other supporting evidence and such other procedures
as
we
considered necessary.
Receivables from United States Govern¬
ment departments were not confirmed but
we satisfied ourselves by
solidated
8,703,252
_
turing
Long-term
of
examined
Corporation
(declared in January,
mortgages and debentures
within one year
independent
holders
Janu¬
payable in March)
Stockholders
the
t$123,503,358
_
(declared
payable in. February)
ary,
Common
.
$141,962,674
—_
—
dividend
Preferred
183,310,064
,
Accrued taxes
AUDITORS'
INDEPENDENT
Current Liabilities
efficiency of the use of tools or facil¬
ities in general determine the scale of national living,
for a people can grow prosperous only as their per capita
production increases.} The following table shows U. S.
Steel's contribution to progress.
Compare the record of
the first full year of operation—1902—with that of 1943.
The facilities provided by the owners increased 155 per
cent over the period and in both years were used to
capacity. If the manhours of 1943 had used the tools of
1902, they would have produced only 25 per cent more
than was produced in 1902.
The shipments in 1943—
The nature and
20,147,616 tons
ADVERTISEMENT
;
LIABILITIES, CAPITAL AND SURPLUS
PROGRESS
AND
■ _...•
,
CORPORATION
UNITED
1245
■
of
Employes
Total
PAYROLL AND EARNINGS
^
Average
Total
Weekly
Annual
Payroll
Manhours
Worked
Hours
Average
Weekly
Average
Hourly
Earnings Earnings
'
tAfter
:
adjustment
for
renegotiation
of
Basis
the
1934—
189,881
194,820
344.218,387
y.
S.
1937—
Steel
BALANCE SHEET
Steel Corporation and Subsidiaries
ASSETS
Dec. 31,1943
Dec. 31,1942
$198,441,107
$198,666,196
176,988,072
Current Assets—
230,640.837
Cash in banks and on hand—__________
United
States Government
securities -at
cost—
(including
approx. $79,000,000 in 1943 and $69.000.000 in 1942 from United States
"
Notes and accounts receivable
v
Government),
less
accounts
Corporation
account
foreign
of
the
assets
and
The
consolidated
balance
sheet
exchange situation
with respect to investment in
the
earnings from foreign transactions
is not
and
material.
'
222,372
459,913,623
512.678.373
304,248
605,012.987
1942—
335,866
340,498
million.
Of
and
struction
157,413.830
this
other
accounts.
+
312,039,243
Inventory of operating parts and supplies
899,130,476
,
34,558,977
28,618,018
STOCKHOLDERS
one
receivables
not
collectible
year, less reserves
—
(per contra I
and
Cash
and
Plant
to
Government
•
1938—
.
29.16
.737
.
1939
v--+'+;+." '■'+}
601,117
AND
SHARES HELD AS OF
DECEMBER 31, 1943
Charitable, Educational,
30,695,377
11,448,264
Etc.—
—
—
-
;
—-
Individuals-Women
361,607
94
5,281
66.573
_____
:
-
Total
Common
Holders
367
498tg61
1.188,306
115
Companies.
nSrSS?
FidUciarieT
Shares
+)0,756
Holders
976
by Classes
Shares.
im'aai
Shares Holders (net}*
tn'ooo
*'i«n
.39,837,...
.. . .....180.
320.792
, 465,131
2,103,464
401.444
1.921
447,118
12,235
97.106
963 992
3.291.770
Brokers
and
Others——
4-471
3.602.811
11,246
593,546
73,086
._.
2,747,o63
14'560
3,341,109
165.182
_8.703-.252
222 602
12,306.063
se-
aside for property additions
Total
.
135,000,000
1,062,560,059
'
.
——
'
__
60,000.000
equipment, less reserves—.—1,010,916,795
for expenditures
and
Intangibles
Mine
States
,
contracts.-.
——
CTnHcd
cur'ties set
33,548,380
9,932,465
Cash deposits held on emergency
Stockholders
Insurance
Miscellaneous investments, and other assets
within
$21.26
;
157,784,200
334,446.623
—
867,289,632
including
.731
749,819,696
1.936—
Preferred
•
'
680,115,109
1943
,
313,029,069
1941
1
445 aon
202,108
39.6
338,866,121
261,293
nor,
t
i
33.y
1940—
Wages and salaries for the year 1943 totaled
amount $853,266,896 is included in costs of
products and services sold and the balance has been charged to con¬
Wages and Salaries.
$869
251,576,808
}
reserves
Inventories
on
298,649,320 $210,503,533
1935..—
Consolidation.
of
statements of
CONSOLIDATED
and
present the combined results for United States
subsidiaries for the year ended December 31,
1943.
In these statements, intercompany accounts and intercompany
profit in inventories of the subsidiary companies have been eliminated.
The
effect
on
the
consolidated
balance
sheet
and
related income
contracts.
arising out of war
other costs applicableperiods—
.
stripping and
future
1
——
»
1
/
•-
•
20,757,168
24,930,952
_
"
$2.193 324.106
<■15,666
holders
are
of
both
and common shares.
preferred
There was no change in 1943 in the total of Issued
shares.
statistical information.
It is not a
renresentation,
purchase, offer of sale or purchase of
any stock or other security of United States Steel Corporation or any other corporation.
Amounts stated in round numbers are approximate;
precise figures for most items are shown in tables.
"U. S. Steel" refers to the parent corporation, its subsidiaries, or both, as required by the
context.
Since Pe^rl F*rhor 'December 7, 1941), censorship regulations have been adopted limiting the scope of Information which may be given
This
and is distributed solely for the purpose of furnishing financial and
prospectus., communication or circular in connection with any present or,future sale or
report has been prepared
by management.
Printed in U. S. A.
.
r-
■
..
.
:0-
v-r
t-v
-J :■}.'■
FINANCIAL CHRONICLE
THE COMMERCIAL &
1246
the
Operating revenues
Operating expenses
18„ 1944
Taxes
electric properties of this company for the
totaled 85,265,000 kwh„ an increase of
7.26'/. over the output of 79,490,600 kwh. for the corresponding week
of 1943,—V. 159, p. 1138.
Power
of
output
March
ended
V/eek
1943
etc
turns
-
_
I
of' salesZIILII
Cost
discount?, re-
machinery rentals, less
Sales and
I-.--—
molds
$254,838
3,871
3,871
4■
$7,587,373
45,667
$6,924,709
62,635
$6,987,344
Railway
Railway
oper,
555,900
Railway
tax
;»v".
debenture..*..,
A
—V.
p,* 634.
159,
operations..™—
from
Other income
—
—
—
—
Income
Total
...
deductions
Other
♦Federal
contingencies———4'—'X~. "•
Ry.
220,313
,
265,000
year.
$1,607,884
—
refundable portion.—V. 159, p.
post-war
'
*
"7
'
S
,
"
\7
'■ 1 '
f
Artloom Corp.—Post-War
/
f
'
i
i
'
-
i-f
731.
p.
June 1, 35
159, p. 106,
.
mailed
Bank
of
be
than
—V.
Gross
^ceive Bids for Holdings
'
interest
in
freight
the
'
railway
small
State,
these
being held subject to an outstanding
Acquisition—
159, p.
Electric
group
kwh.
6.2%
or
1138.
P.
1.944,
17,
gain
Estimated
139,825,907 kwh. /This is an
was
'
Associated
U. S.
Treasury tax notes..
Instalment
a
year
■
/
assets.--..-.-..-i,.
Other unadjusted
■
-
debits.
,
Total
——
Liabilities—
-
have
trustees
Leibell
to
been
authorized
by
Federal
Judge
Vincent
acquiesce in the
securities and
sale by Associated Electric Co. of all the
long-term indebtedness of its subsidiary,
Gas &
Electric Co., to William E. Vogelback of Chicago, for
price.of $750,(300, payable $50,000 on closing and the balance
outstanding
Union
a
base
ia
ten
semi-annual
instalments.—V,
159,
p.
I
835.
2,273,939
5,504,400
3,777,233
254,933
132,329
195,852
1,915,375
32,078/
299,078,746 203,873,470
;
505,072
liabilities.-.—111,937
tax
liability.
—
accrued
Consumers'
—
.v
;.;v '■
/
:g'
proposal of the company to issue 55,000 shares ($100 par)
preferred stock will be considered by the SEC at a hearing
cumulative
March
cn
Other
deposits
the stock under competitive bidding at a divi¬
dend rate of not more than 4%%, and a price of not less than $100
per share.
/■■■:-////^ ■•/''*• •;
With proceeds and treasury cash, 26.283 shares of company's no par
value $6 cumulative preferred stock would be retired at $120 per share
and 30,592 shares would
be purchased from Atlantic City's parent
American
sell
would
Gas
American.—V.
Depreciation reserve
Contributions for extensions.-:
&
Electric
159,
p.
Co.,
for $3,059,200,
1138.
the cost of the shares to
/
V.
Wiggins also
is
President
the American
of
1944.
The
be
common
$158,918
$1.22
$364,452
$2.80
the current six months
comparable with the same
Government directives
Postponed—
Budd Wheel Co. have notified stockholders
both concerns scheduled for May 10 would
the
and
company
the annual meetings cf
postponed
renegotiation of their 1943 business can
thfe
until
bo;
permit the companies to mail to shareholders, along with notices of
the meetings, the usual annual reports containing financial statements
will reflect the result of the renegotiation of the 1913 contracts.
which
V,
547.
159, p.
Canadian Pacific Ry.—Earnings—
'
1944
earnings
159,
1943
$5,844,000
:
$5 ,013,000
1144.
p.
Subs.)—Annual Report—
Carnation Co. (&
Income Account
from
for
Prov.
Prov.
Net
132,932
80,135
$6,889,523
$5,010,911
38,365
$3,378,230
paid
40,000
120,000
.22,161
84,523
10,675
—i—
1,046
25,561
market¬
of
sale
.
L
securities
sale of miscell.
on
30,523
$3,298,104
$4,877,979
interest..
on
Loss
963,303
1,010,741
income
Interest
1940
$4 ,291,635
$6,797,692
91,831
income
Total
1941
$5,931,195
1,027,547
25,668
1942
$8,046,965
1,224,273
25,000
175,370.
,835,371
income
operating
Other
Loss
$7,153,085
1,292,714
25,000
operations
depreciation..
for gen. obsolesc.
Profit
(Including Subsidiaries)
1943
Years Ended Dec. 31—
21,985
i2;65i
properties
it-Vv/.
;
•
Exp. on issuance of pfd.
v
for fgn.
Investment
for Fed.
29,401,302
Prov. for
tory
6,551,293
/
off4.259
charges.'
10.000
/ ■i
43,772 //;;?/13,534
8,143
♦2,359,000
♦971,500
3,625,000
of
♦4,165,000
Crl95,000
inc. taxes
refund
Post-war
34,257
affiliated
written
Miscellaneous
Prov.
•
_■
exch. loss
In
company
8,528
debentures
and
stock
Prov.
115,609
1,469,283
of
will
be
issued
the cost of
under
seven
a
Diesel
conditional
i
Crl96,000
exc.
taxes
possible inven¬
losses
200,000
;
a
the
director
Boston
of
the
Mutual Life "Insurance Co.
Commerce.—V. 158, p. 1822.
/
..
o
It
is
announced
that
the
changed from April 27 to June
for the annual meeting
29.—V. 159, p. 931. .
has
J/
contract
159,
p,
to
1035.
of
.
1,219,182
146.893
1,218.682
$3.34
$3.90
$3.97
$3.55
'♦Includes
excess
debt
and
profits taxes of $2,105,000 in 1943 after estimated
of $18,000, $2,775,000 in 1942, $1,105,000 in
credit
retirement
1941
,
$167,000
/Company
in
1940.
c
•
Renegotiation of Contracts
submitted
has
information under the
Renegotiation
Act
1942.
It is the opinion of the
year ended Dec. 31,
based on this information, that no refund of profits
will
be
required, but company has not yet been informed of a
determination
by
the
Price
Adjustment Board.
The management
also believes that renegotiation of 1943 sales will not require any re¬
for
the
fiscal
management,
.
Inc.—New Financing Contemplated—
company
$2,319X27
167,106
1,218,978
146,795
1,219,016
Earnings per com. share
been
preferred stock (par $100), issuable, in one or, more series.
contemplates offering publicly an initial series of 60.000
shares of convertible preferred
stock.
Proceeds of the sale of the
initial scries- will be used to retire $2,100,000 of serial notes payable
shares
The
$2,564,451
200.000
...
dividends
Common, dividends
v-\"
; ■:/; ,i
Co.—-Meeting Postponed—
date
$2,742,655
—
profit
Preferred
and
John Hancock
Chamber of
$2,234,322
Net
"
.
ization
sales
locomotives.—V.
„
Company1 announced March 20 that it will seek stockholder author¬
at its annual meeting to be held on April 11, 1944, of 100,000
•
has invited bids on March 31 for $494 550 of promis¬
payable in 40 equal quarterly instalments beginning Oct 1
notes
' "
Director—
New
Bond Stores,
company
notes,
■defray 90
48.108
completed.
*
'. •
. •
.
H. A. Coward, Secretary, said it was hoped the meetings could bo
held not later than June 30.
He added that this arrangement would
Joseph E. O'Connell of Boston, a partner in the investment banking
firm of O'Connell & Co., has been elected a director,
Mr. O'Connell is
Bohn Aluminum & Brass
Bankers Association.—
Baltimore & Ohio RR.—Invites Note Bids—
The
$412,560
44,838
stock—i..
(Edward G.) Budd Mfg. Co.—Meeting
-This
of $250,000 in 1943 and $250,000 in 1942.
♦After deducting reserves
/vi'v/'■■■
M.
159. p. 546,
sory
$203,756
44,144
stock—
$159,963
share—$1.23
common
on
provide volume for
209,078,746 203,873,470
Total
also
Wiggins, President of the Bank .of Hartsville. Hartsville,
S. C., has been elected a d'rector to succeed the late Daniel C. .Roper!
Mr.
$204,106
...
—
period last year," contingent on cancellations or
restricting operations.—V. 158, p. 1631.
profits
7,009,684
.
Atlantic Coast Line RR.—New Director—. ..'
•
/
140.621
622,600
preferred
per
130,000 "r?/ 130,000
—
—
Earned surplus
of
Lee
1,416,652
34,019,733
premium on bonds..
94,338
815,300
31.
Company
A.
current
Unamortized
ing—
The
City Electric Co.—To Consider New Financ¬
73,926
,789,000
taxes
the company's current operations, Robert G. Bruce,
President, states in /the report that /'sales contracts now on: file will
488,280
for
$1,175,780
Commenting on
able
Employees' savings deposits-.-,---.--
Atlantic
Earnings
<
-i
declared
—
& excess prof,
on
Earnings
.
166,013
35,241
233,454
154,095
1,758,363
; - 27,614
1,234,328
5,646,073
130,649
379,054
Interest
104,765
$1,113,395
3,239,132
1,234,328
6,812,838
132,850
486,750
Provision
-
$1,071,015
■
118,660
.
$1,067,032
expenses
income
Net
Dividends
6
102,822,347
53.000,000
2.505,251
Dividends
642,953
8994,735
116,579
income
for inc.
Prov.
—V.
stock ($25 pan...
—
102,822,347
1st mtge, bonds.l..-..53,000,000
Accounts payable
—
1,396,455
L.
1941
$6,393,153
1,749.108
678,087
1,637,688
$950,453
...
income
Miscellaneous
Other
:
profit
1942
■
1,541,003
590,550
...
Operating
133,753
201,443
Capital
The
profit
$7,505,637
1943
$7,205,392
Ended Dec. 31—
Traffic
1942
2,929,099 '
•
———
Prepaid accounts
Unamortized charges
ago.—V. 159,
pf?
contracts
sales
resale............^.-...---....
for
Sub.)—Earnings
(E. L.) Bruce Co. (&
6 Mos.
Week End. Mar. 7—
■
3,800,249
3,504.400
4,109,193
37,952
—.
supplies
and
current
Other
&
of 8.177.411
increase
above production of 131.648,496 kwh.
...
excess
230,437
576,633
_r.
notes receivable.....
♦Accounts and
certificates.
new
Net sales
191,682,017 186,046,990
refund credits..-
post-war
Merchandise
Gas
—
.......
Cash in banks and on hand
the week
report for
the
and
$
(
investments
.Other
Unbilled
Associated Gas & Electric Corp.—Sale—
'/
the
credits of $375,190 and $201,443, respectively.
Assets—
Corp.
income
from
Plant investment
output of
Federal
1943
1034.
electric
net
for
Comparative Balance Sheet, Dec. 31
the Securities and Exchange
Gas & Electric
Associated
of
March
$2.30
contract of sale.
Associated Gas & Electric Co.—Weekly Output—
trustees
above
included
$5,688,108
4,937,312
$2.19
...
:
■
A quarter
annual income
of
17,875
.
$5,394,148
4,937,312
;
...
share..
per
Materials
The
19,381
or $12.50/
before interest would be set aside for retirement
The capital structure would be' $3,961,000 in
new
certificates and not more than 81,345 shares of new common
stock.
Net income before depreciation and bond interest in the year
commencing on May 1 next is expected to be between $270,000 and
$300,000. (New York "Times.")—V. 159, p. 732.
of
157,013
157,013
rents
post-war refund
subsidiary,. the Indiana. Gas
.Utilities Co., including 940 shares of $1 par common stock of the
Atlantic Utility Service Corp.
Associated will cancel all claims against
Indiana Gas
and surrender all of its outstanding shares of capital
stock for cancellation.—V.
;
disposal of radio broadcasting facilities and other
non-operating
revenue.
The total provisions include excess profits
taxes of $3,376,714 in
1943 and $1,812,984 in 1942 after deducting
net
to
.
.
The company was recently permitted by
Commission to acquire all assets of its
/
$7,388,069
1,457,500
67,576
profits taxes were $6,165,682 for 1943 and $4,896,906 for 1942, assign¬
able to operations, plus $4,346 in 1943 and $193,792 in 1942 chargeable
located In the same vicinity.
The company
electric distribution properties in other parts of
three
ended
52,631
$7,106,340
1,457,500'
78,297
—
Nate—Provisions
■
property
owns
also
$6,820,682
430,803
83,953
52,631
—I...
35,124
....
declared
Earnings
purchase, transmission, distribution and sale of electricity
of counties south of Columbus, Ohio, .and an electric
number
a
$7,018,584
—
balance
Income
Dividends
preferred stock, $100 par value;
1,975.46% shares of $5 series preferred stock, no par value;
3,774.16%' shares of class A stock, no par value; and
1,640 shares of common stock, no par value.
The Ohio-Midland company, a public utility corporation organized
under the laws of the State of Ohio, owns and operates certain prop¬
erties for the
The
-
that
calendar year;
1,000 shares of $6.50 series first
,
voting trust certificate for a single new common share
old stock would be canceled.
new certificates would bear interest only if earned.
The
$43,570,501 $40,456,927
25,070,293 23,263,413
11,481,624 10,372,832
revenues.
Write-off;of, bond refinancing charges...
Miscellaneous
has notified holders
the reorganization save the Securities and Exchange
to be in agreement.
plan presented to the Court, a holder of a $1,000 . first
Miscellaneous
bonds
on
City—Mortgage
Y.
Plan—
appear
the
Under
1942
1943
.
interest
Other
■
N.
Corp.,
mortgage certificate", would receive a new 6t> $500 certiifcate and
voting trust certificates for ten shares of new common stock.
The
second mortgage would be canceled, holders of each $1,000 receiving
Co,—Earnings—'
income.
Gross
is equivalent to $46.62 per share
mortgage certificate holders- committee
The first
$6.01
that all parties to
Commission
Frederick G. Raskaph
gain from disposal of broadcasting facil.
Other non-operating revenue—net
Amortization of net premium on bonds—
York, N. Y., up to 12:00 Noon (E.W.T.)
securities and long-term indebtedness con¬
1943:
$844,000 principal amount The Scioto Valley Ry. & Power Co. first
mortgage 6%. gold bond, due June 1, 1943;
' v
$355,000 principal amount The Scioto Valley Ry. & Power Co. 6%
gold note, due March 1, 1932; :
$443,990.96 principal amount of open account indebtedness, bearing
interest at the rate of G'k
per annum to- the extent earned, in any
$3.51
Income, due to carry¬
current
Selling, admin, and general expense
Such
1944.
15,
on
close of the year 1943 shows an excess
liabilities of $17,261,011 which, after
the
at
over
Broadway-Exchange
C. Hurley of Chicago have
Net
sisted of the following as of Dec. 31,
$1,261,553 / $2;044,304
158,418
158,413
627,218
1,254,435
313,609
313,609
159, p. 634.
operating income—
Net
assets
current
■
$2.48
excess
sheet
balance
The
Elected—
Operating expenses
...
Taxes assignable to operations
Co., 61 Broadway, New
April
operating
...
Federal taxes
profits credit.
deducting the preferred stock at par,
of common stock.—V, 159, p. 106.
Total
Boston Edison
Years Ended Dec. 31—
$937,572
158,418
627,218
313,609
share
unused
1943
Gross
Hansen, A. T. Tompkins and
70,000
outstanding..
per com.
of
back
in 1943,
increase of $11,084.
an
Cr650,000
dividends
shs.
$27,080.
in 1942, a decline of
income bonds amounted,
York and William C. Short and W.
of New
of all the securities and long-term indebtedness
Light & Power Co. will be received by Associated
Ohio-Midland
on
on
;
re
♦Provision for refund of 1941
2463.
p.
been elected directors.—V.
of tenders will be
bonds accepted will
Ohio-Midland.Light & Power Co.—
Electric
$804,453
interest
B/G Foods, Inc.—Directors
Bids for the purchase
of
158,
H. W. Moore, Otto
156, p. 2094.
Associated Electric Co.—To
of
with
for
available
income
$237,813 as compared with $226,728 in 1942,
to
30 Broad
trustee,
corporate
Co.,
Trust
&
1944.—V.
April 8,
to
paid
compared
$777,373
Net
&
expenses
properties
Common
1, 1937.
,
Inc.—Tenders—
acceptance
or
rejection
April 5, 1944. Interest on
of
Notice
later
not
at the time the corporation was
originally issued
were
—
dividends
a
annum.
2,030,000
Cr20,000
refund
of
Common
Earns,
1,050,00.0
1,280,000
—
income
Net
Preferred
5,124,304
760,000
__——
post-war
for
habilitation
of the entire issue
At that time they were outstanding in the
amount of $1,292,800 par value.
The corporation has since reacquired
$863,100 face amount, leaving outstanding $429,700 face amount.
In addition to the redemption of the : 20-year 6.'/
income second
mortgage bonds, the corporation
will also pay off the balance of
about $92,000
due on a loan of $175,000 from the Reconstruction
'Finance Corporation.
The financial statement for the year 1943 shows operating revenue
N. Y., will until April 3, 1944 receive bids for the
sale to it of 1st mtge. SVstf
collateral bonds due July 1, 1957, to an
amount sufficient to exhaust the sum of $74,400, at the best prices
obtainable.
per
credits
for tax
♦Prov.
Prov.
taxes...—
profits
3,551,553
150,000
and surtax....
tax
Holders Accepting New
redemption
the
2,366,627
,\ / 33.37
437,572
charges—
income
Excess
Bonds and Pay
!
Higher—
6'/)
These bonds
,
York,
New
profit after
-
Continental
The
authorized
have
directors
-
reorganized May
Plans—
Associated Chain Store Realty Co.,
St.,
836.
p.
20-year
•6%
,
plans include the purchase of Axminster
equipment for manufacture of rugs and carpets, A. S. Mitchell, Presi¬
dent, told stockholders at the annual meeting.
Before the war the
company manufactured only Wilton and Wilminster rugs and carpets.
159.
$310,322
income second mortgage bonds , at 100 and accrued
.interest, on or about April 29,' Interest in the; amount of 11 % will
be payable as of April 1, 1944, representing G'/r for the year 1943,
arid 5 %: as the balance of all accumulated unpaid interest up to
Dec. 31,
1942.
As of the redemption date interest will be payable for
the period from Jan. 1, 1044, to date of redemption at the rate of
of
The corporation's post-war
—V.
159,
/: The
A distribution
follows; March 1, 35 cents;
in stock; and Sept. 15, .25 cents —V.
$250,638
Bayway Terminal Corp.—To Redeem
declared on the common
Payments in 1943 were as
cepts; Aug. 20,. 100%;
$415,606
105,284
$183,789
$1.22,126
Off RFC Loan—Net Income
this year.
share was made on Jan. 3,
25 cents per
ef
'J ' i
holders of record March 30.
Stock,' payable April 10 to
income
—V.
Corp.—15-Cent Dividend—
cents per share has been
dividend of 15
A
charges
$237,060 /./ $347,673
53,271
97,035
$170,635
.48,509
:
3,111,534
$4.43
1943
$194?
1941' ,
$37,667,636 $41,511,394 $39,251,161
31—
Ended Dec.
sales
Net
of
1138.
'
1
4
10,134
2.678
/
Bigelow-Sanford Carpet Co.—EarningsYears
■
Net
company
(The) Aro Equipment
$402,794
12,236
6,371
3,932
•
Fixed
has registered with the SEC $2,500,000 of first mort¬
gage 3Vz %■
bonds due in 1974 and 4,500 shares of $5 preferred stock
(no pan.
Coffin & Burr, Inc., will head the offering group.
In
addition
to these securities the company will place privately
$750,000 of serial notes.
The money will be used to redeem all the
$2,538,000 first mortgage 4s owned by the Equitable Life Assurance
Society of the U. S., all the second mortgage 6% income bonds, and
the second mortgage 5%
income bonds.—-V. 158, p. 2246.
\
$329,066
fixed
for
Charges
Inc.—Registers With SEC—
Arizona Edison Co.,
The
(net)...
avail,
Inc.
\
6,699
(net)./
income
$230,448
3,456
3,156
$160,004
income
oper,
Other
$1,571,820
Earnings per common share—...———
$2.01
$1.96
♦After deducting in 1943 $503,409 post-war refundable portion and
$15 383 debt retirement credit, and in 1942 $483,200 pest-war refund¬
able portion,
tAfter deducting in 1943 $85,797 and in 1942 $20,194
the
for
Profits
expenses
accruals.'-.,
-
u.
1142.
p.
Post-war
1944—Month—1943
1944—2 Mos.—1943
$920,100
$869,740
$1,865,927
$1,068,118
535,744
463,549
1 033,505
932,322
224,352 /
175,743 .503,356.
333,002
revenues
oper.
income
Rent
y/
Aroostook RR.—Earnings-
Period End. February—
4,348,«uu
418,203
250,000
income and
for
.
4,681,650
profits taxes..—
excess profits taxes....
excess
tCanadian
Provision
584,449
taxes..—_T—: •
Income
Federal
in
also
share.:
common
per
providing for Federal income and excess profits taxes, and
1942 after a reserve of $250,000 for contingencies.—V. 159,
♦After
Federal
i
■ ;;//./,.,/ /./:/,.-'//v/
Bangor &
2f ani-'
*
,
$23,220
$45,711
....
v/.:;//:
Profit
;
profit
Earnings
150,000
—.2'
income
,
1943
1942
$45,594,256 $44,399,990
,
—
Net
Net
and the
the proposed
part of this
,
Calendar Years—
Sales
77,746
75,655
,
_.
of
series
month.
(including
reserves
war
accelerated depreciation)
3,128^741
administrative and general expenses.—
.Selling,
$251,814
3,023
•
special
for
Provision
1,040,698
1-090-460
2»943,oJ7
1,069,876
1,230,239
•
$119,412
5,825
—$125,237
,*
'
charges
Interest on series
.
_
369,741
;;/>.,
income
Gross
$50,473,240 $42,025,522
37,457,011 - 30.026,018
royalties
Patent
.382,211
—
Fixed
$7,633,040
including cost of new
Depreciation,
1,524,758
~
initial
♦Net
-1942
.
::
$2,132,399
1,510,844
—
...
-
.
1943
1944
■
that a registration statement covering
preferred stock will be fiied the latter
expected
is
It
■
;iiC;—$2,026,381
___________
Operating income _j
Non-operating income
Subs.)—Earnings-
Hocking Glass (Corp. (&
Anchor
Calendar Years—
J.
/
Month Ended Jan. 31—
Electric Co., Inc.—Output—
American Water Works &
Equitable Life Assurance Society oi the United States,
will be available tor general corporate purposes,.
the
remainder
(Including Baltimore Coach Co.)
.;/■'/
,
to
Transit Co.—Earnings—
Baltimore
(Continued from page 1242)
V
Monday, March 27, 1944
-
.
fund.
;
•
.
Consolidated Balance Sheet, Dec. 31, 1943
;?■
hand, $5,030,257; marketable secur¬
$2,290,266; U. S. j
$842,600; accounts and notes receivable,
(less reserves of $332,263), $4,602,899; sundry debtors, including
Assets—Cash
ities
(less
Treasury
trade
in
reserve
notes,
banks
and on
of $75,439 provided in prior years),
tax
series,
.Volume 159
1247
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4267
&
employees'
:
advances
to
receivables
(less
of
reserve
Oct.
On
v
of goods
Selling,
1036.
1944—12 Mos.—1943
1944—Month—1943
Net
profit
—V.
159, p. 1144.
'
a
l
"L
'
.
Corporation
tyarch
on
and
•
is
expected that
April
'
^
t I'
«
r
W
\
11,
the
is
be
to
and
of which Dillon,
to be the managers.
are
Credited
A part
Oper.
Read
and Morgan Stanley
& Co,
stock
at
103.
,
the general
which
of
the
funds needed for
ties,
have
Completion
'
,
of
balance
The
the
yet
in
needed
for
plant
this
program
is
616,126
.
$750,249
$1
in
issue,
every
had
$752,133
Corp
of
and recommended that
the court
'
•
of'deposit
share)
per
Circuit
Corp.-—Further Investigation
ination
the position taken by the committee for holders of 7%' cumula¬
tive preferred stock respecting an investigation of possible causes of
action
against the past management of Central States and others.
The Commission's brief, as well a$ that oi the committee, ayers that
District
Court
contended
upheld,
of
barren
be barred by
the lapse of time.
the court, which the latter
their recommendations to
that
proposed suits for recovery would be
impose unjustifiable. expenses upon the
the
would
results/ and
that in the opinion of counsel for the trustees such
has been barred by the statute of limitations.
Both briefs assert that the known facts ..already indicate the
trust,
and
•
that
bility
Central
there
States
159,
ordered by the District Court.—V.
'
Champion Paper & Fibre Co.
Registers Preferred
—
registered with the SEC March 18 25,507 shares of 6%,
jireierred stock
($100 par) for public offering through Goldman,
Sachs; & Co.. and W. E. Hutton & Co. y;v>
The board of directors March 16 authorized the issue and sale of
25.507 additional shares of the company's authorized 6%
cumulative
preferred .stock/
' ■ *
/ ■' *
' """
■•■■■•■" ' *
'••After the additional stock has been issued, all of the 115,000 author¬
ized shares of 6% cumulative preferred stock ($100 par), of the com¬
pany will bo outstanding.
- " '
■>>•/;
Net proceeds from the financing will be added to working capital
in the.first instance, but it is anticipated that they will be used for
capital expenditures when circumstances permit.—V, 159, p. 107.
of
■
prospectus dated March
Reportrr-The annual report for
V."«v
following'''.?
the
/• Consolidated
net
,
■
r
,
;
charges,
Includ¬
provision for U. S. and Canadian income-taxes, were $750,249/
compared .with $1,231,416^ for the previous year,.'. Sales/ less discounts
and
allowances,
for
the year totaled / $19,944,908,
compared with
ing
.
$23,390,378
On
in
March
1942.
1943,
11,
^\
the
Corp. at $48 per share, and
cumulative prior preference
corporation
purchased
from
the
-,;//■
Celotex
6%\
>//•/;//.:■■//
thereupon retired, 5,696 shares of its
stock./v/'/-/>>,/'
;
contracts, an agreement
covering the year 1942 was reached resulting, after adjustment of
taxes, in a net refund to the Government of $76,000.
It is not possible
at; this time to determine what, if any, renegotiation adjustment will
be required for the year 1943.
■■■::■ •
/ .• ~
As reported previously, early in 1942 several suits were brought by
some
holders of small
numbers of shares of stock/ seeking among
other things accountings going back as far as 1936; the cancellation
of
the manufacturing
agreement with The Celotex Corp., of which
contracts the stockholders were informed in the June 30, 1938, semi¬
annual report.
'
•
„
These various suits were consolidated into an act.ion,in the Supreme
r.
In
the
matter
of
renegotiation
.
4
of
Certificates
-
according to maturity;
are
\
income
dividend
$6
dividend
$7
cumu¬
preferred stock, and
provide
of
group
banks,
provided
as
in
loa.a-
the
Agreement with The Chase National Bank oi
See also V. 159, p. 1144.
of
$2.47
or
the
Net
and
company
$6,616,969
was
a
share
a
subsidiaries
Hemisphere
Western
alter deducting:'preferred stock divi¬
share of common stock, as compared with
which,
company's
previous record
in
income of $110,169
Sales
1942.
history
achieved
and
last
$134,951,099
of
$15,982,982
were
the
were
than
greater
year.
for 1943 from Western Hemisphere companies
located in
Canada, Cuba (55% owned), Mexico, Puerto Rico, Argentina,
Brazil, Chile, Colombia and Venezuela was included in consolidated net
income.
The remainder of the
$1,321,334,
which
at
such
has
time
credit
a
been
certain
for
received
■
subject to United
the
of
is
income
these companies for
income of
until
deferred
will be
it
deferred
foreign
United
in
The
paid.
and
is
it
not
the year,
dollars,
States
income, ler.s
States taxes on
taxes
$3,027,232
now
when it. will be
total amount of
possible to de¬
the United States.
received in
reached during 1943 between the
Price Adjustment Board whereby
less taxes applicable thereto, of the'
income realized on government business in 1942.
The effect of th.'f?
settlement on the company's financial statements as reported for 1942
and
company
the
the
would
be
the
agreement
War
$100,000,
reduction
a
small
was
Department
returned
company
in
income
net
after
In
$19,000.
of
taxes
view
adjustment was made in the 1942
the 1943 income account,
together with a provision for possible renegotiation of 1943 government1
business, computed substantially on the basis of the 1942 settlement,
of
amount
involved,
but provision
accounts,
is
year.
■
Income
Consolidated
i-
the office building lo¬
but,
sold
*"
1
,
•
Pahnolive Building,
Chicago which was formerly the company's home office,
no
longer essential to the company's operations, was
in
during the
,
no
made therefor in
was
Palmolive Building—The
,
cated
which
1
■
Account
Years
Calendar
for
(Including Western Hemisphere Subsidiaries)
,
1943
Net
sales;™—
of
: '■///■
/ "• / jj '.V.
134,951,099 118,968,117 )
83,045,203
74,651,17»
31,274,956 32,604,15?'
'
Sales
cost
_J
-
-
Operating Expenses JLU-S
15,630,940.4
Operating profit .1
Minority interest in net income
dated foreign subsidiary
Net
a
11,712,781
consoli¬
252,021
1,321,334
6,457,971
—1,107,180
1,273,923
3,907,383
895,859
income—6,616,969
on $4.25
preferred stock..—/—
531,272
5,383,595
531,272
income
of Western
income
on
of
127,486
and branches
r
/
1942
■
///®
Z;
t
/ Nfct
subsidiaries
Hemisphere
deferred (subject to U. S,
taxes
>
received).———
when
^United States income and
Foreign
profits taxes/
excess
taxes
Dividends
Dividends
Earnings
/
"Less
stock
common-
per
share_^:_
Note—Depreciation
:
2,944,263
common
on
amounted
1943 and $116,908 in
$1,270,790
to
1943
in
1942.
in
•
'
1'
,
•
and $1,355,227
ff
;i
1942
1943
$15,291,238 $10,854,515
Cash
United
States
Marketable
Treasury
tax
notes
receivable.
accounts
Prepaid
146,353
10,153,85427,994,334
10,350,315
:
27,666,917
tPalmolive
3,706,326
2
—17,739,619
3,910,383.
18.790,686
1
1
advances
and
—
Building
iProperty, plant and equipment--/--
Goodwill, patents,
1,015,050
deferred charges—811,882
3,848,201
and
expenses
Investments
Total
4,340,000
3,562,489
_-_//_^'
securities
and
7,000,000
_
Inventories
•
$2.47
1942.
31
Consolidated Balance Sheet, Dec.
;
Assets—
2,453,5COv
$3.10
—/.
post-war credit of $371,571 in
■'Notes
issued under the- Philadelphia plan and
be
to
-
locomotives,
1943 affords
-•
earnings .for the •<year,after all
to 1.85%
for not exceeding 80'// of the cost of 10 new freight
estimated -to. cost approximately $2,781,000.
,,
•Other, bidders at the Msale included Manufacturers & Traders Trust
Co. of Buffalo, bidding jointly with Central National Bank of Cleveland
and Lincoln ..Ailiance^'..Bank of Rochester;
Manufacturers Trust Co. of
New, York;.. Salomon Bros. & Hutzler and associates; Harris, Hall & „
Co.,/(Inc.);land associates; and Otis & Co.; and associates.
/ • • ,
will
the holders of the outstanding 67,373
Annual
this, finding,
pE<|Uipni^t Tnists Offered—Halsey, Stuart & Co., Inc.,
successful among 6 bidders; March 22, at competi¬
tive sale of $2,200,000 1%% equipment trust certificates
maturing annually April 1, 1945 to 1954, inclusive. Offer¬
ing of the certificates, subject to Interstate Commerce
Commission approval/ is being made at prices to yield
The
10, 1944, is offering to
shares of its 6% cumulative prior
preference stock, the right to exchange such shares for its 4% cumu-v
Jjative income debentures (subordinated) and shares of common stock
on
the basis of $100 principal amount of debentures and two shares
of common stock for each share of 6%
prior preference stock. The
Bankers Trust Co., 16 Wall Street, New York City, is depositary. <
/..The above offer, it was announced, is not subject to stockholders't
approval at the annual meeting scheduled, for April 12.—V.-.159, p. 1144.
corporation by
Case—
a
Custodian
a
net
1943
the
of the-Alleghany Corp.
dividend.
0.85%
to
of New York.
$5,383,595,
highest in
by the present management since 1937 through elim¬
companies as Midamerica Corp., Chesapeake
was
0ertain-teed Products Corp.—Exchange Offer—
The
the
Challenging
of
5, 1944, between Cities Service Power & Light
and the pledge as security for said notes of assets
Powea & Light Co. as specified in said loan agree¬
Renegotiation—An
the C. & O. asserted that the division
adopted a procedure-.unprecedented in stock dividend cases by relying,
upon -estimates of: original cost / and depreciated .original, cost. data.
—
notes
dends, amounted to $3.10
division
finance
shares
24,469
Colgate-Palmolive-Peet Co.—Annual Report—
,
for
following statement:
The company
Company
'
'
recently, asked- the ICC to reconsider a decision of its
last Dec. 14 denying the road's application to issue
$76,573,700 of preference stock, as a dividend to common stockholders.
Reconsideration and leargument before the entire membership of the
Commission was requested.
In refusing to allow issuance of the stock the ICC finance division
held .that C./& 0. would have, inadequate surplus left after distribution:
be causes of action available to the estate of
substantial amounts, and that, therefore, further
932.
under
termine
Requests Reargument of Stock Dividend
possi¬
may
in
investigation should have been
p.
action
and
dated Jan.
Service
Cities
the City
Corp. and the U. S. Distributing Corp.,
and by the sale of substantially all holdings
in the Chicago Great
Western
RR.,
the- Chicago & Eastern
Illinois RR. and the Erie.
Throughout this period Alleghany and affiliated companies have also
followed a.'Consistent policy of reducing debt, having effected a total
reduction of approximately $100,000,000.
"The 'proceeds
from this sale, amounting to roughly $32,000,000
should enable Alleghany to increase somewhat the diversification of
its investments, should bring nearer a refinancing of the existing debt
at lower rates of interest, and aid in fulfilling Alleghany's pledge to
bring about a. further simplification of its structure at the earliest
date consistent with its obligations to its security holders."
N. Pollard erred in not ordering
assumed,
trustees in
The
of
holding
such
of
preferred
stock
' /
.
and re¬
shares of the
& Light Co. of 9,352
slock, 38,791 shares of
Power
stock
;
\r
and the acquisition
the banks,
and
Co.
Corp., Virginia Transportation
further investi¬
into possible causes of action, and that the prosecution of
of action against the former management would-not,
as the
gation
complicated holding company structure
"The
has been simplified
ports
causes
Alleghany Corp. March 21 authorized' the
of
$20,000,000
agreeriient
Alleghany Corp.
by
Co.
Service Co.
31,657 shares of its $6 dividend cumulative
stock,
cer¬
<
.
cumulative
preferred
preferred
cumulative
dividend
$5
Light
Service
Cities
dividend
&
by Cities
21,679 shares of its $7 dividend cumulative preferred stock, ior cash.
The issuance and sale by Cities Service Power & Light Co. of
its affiliates.
and
District Judge Robert
'
the
Power
donation
>•15)
nation-wide syndicate of secur¬
ity dealers headed by Blyth <fc Co., Inc., the 704,121 shares of common
stock of the Chesapeake and Ohio Ry. which were pledged under its
$14,801,519 bank loan. '" This leaves Alleghany with 1,140,574 shares:
of Chesapeake and Ohio equal to
14.9%■ of the: outstanding stock of
that coihpany, contrasted " with 55%
field at one time by Alleghany
Exchange
and
1144.
of
Shares
Service
by
and
the
for
preferred stock of Cities Service Power & Light Co.
; '
(4)
The acquisition and retirement by Cities Service Power & Light
Co. of $12,922,000 of its debentures due 3.949, $28,647,000 of its de¬
bentures due 1952/ 648 shares of its $5 dividend cumulative preferred,
pref¬
exceed 134,746 shares of common stock (par
V.. 159,. p.
notes due serially to March 1, 1953,
$1,458,950 of 8% cumulative pre¬
sale and transfer by Cities Service
acquisition and retirement by Cities Service Power & Light'
notes,
exchange
in
lative
ment
shares
67,373
for
with
demand
40.000
The
cumulative
"Alleghany Corp. has sold through a
Commission has filed irf the U. S.
Court of Appeals at Richmond, Va., a brief in which it sup--
Securities
and
Cities
tirement
for Preferred and
authorized the listing of
of 6% cumulative prior
has
Exchange
Stock
York
New
by Cities Service Power & Light Co.,*
Service Co., of the following securities
to wit:
$4,724,000 of first mortgage
all matured and unmatured coupons apper¬
Cities
by
1946,
6 'k
stock,
)3)
$18,967,562 $18,575,229
The
Possible-^
The
-
of
and the
Co.
of
'':///
•
$2,177,110 $1,792,072
256,797
205,790
7,100,000
7,500,000
7,362,640
7,932,270
2,071,015
1,145,097
j.
(
transfer
and
due
bonds
Co.
$18,967,562 $18,575,229
.
—
"
159, p. 547.
Electric
States
Central
.
Co.
;
Community Traction Co.,
The
ferred
Cr3,758,935 Cr3,687.156
924,415
...
645,735.
—
'
Statement
results in
their investment."—V.
2,608,007
—
sale
acquisition
$327,320
$7,840,640 •
7,287,999.,
165,830
2,635,025
6,863,686
102,430
res.)
-
taining thereto, $406,125 of 6'-/
1942
Ry.—Secondary Offenng---Blyth
& Co., Inc., and associates on March 21 made,a secondary
distribution of 704,121 shares of common stock (par $25),
at $46.75 per share, with a discount of 90 cents per share
to members of the National Association of Securities
Dealers, Inc;
Approximately 80 investment houses par¬
ticipated With Blyth & Co., Inc., in the purchase of thestock.: The offering/ believed to be. the largest secondary
distribution on record, was heavily oversubscribed. The
stock is part of Alleghany Corp.'s holdings. ,
financing before its stockholders can hope to realize any
the form of permanent enhancement in the value of
problem
concrete
(less res.)
equip, (less
property; and
the
6%
Condensed
plant and equip,
'
-
and
$688,944
$1,415,563
$1,293,536
1
Utilities
The
(2)
78,561;
Chesapeake &' Ohio
negotiated
been
Ozard
of
surplus—
,
stock.
plan dated and filed on Dec,
The
honestly and administered to
the advantage of both companies.
He also commended the conduct of
Bror G. Dahlberg, Chairman and director of Celotex and Chairman of.
Certain-teed.
1
Concerning the fact that a proposed plan of recapitalization for
Certain-teed has been drawn up, the referee observed:
"The bonded
indebtedness is such
that the company is confronted with a serious
contract
53,500
'
tificates
a
the
found
62,120
1,884
.
Sloane-Blabon
in
The
settlement proposed by Celotex to modify a contract with
Certain-teed covering Celotex's use of Certain-teed's excess plant facili¬
ties and a sales agreement, sought to cancel this contract.
The referee
•'1 !
$610,383
,
Additional Common Shares—
Referee Finds Celotex, Certain-teed
—
defendants
the
$1,362,063
Listing of. Certificates of Deposit
the funds
report rejecting allegations of fraudulent conduct made in a stock¬
holders' suit against Certain-teed Products Corp. and the Celotex Corp.,
manufacturers of building materials, and Phoenix Securities Corp., an
investment trust, as well as 26 individuals, was filed by Referee John
P. McGrath March 22 in Kings County Supreme Court.
The report up¬
accept
$1,231,416
the SEC
by
The sale and transfer by
(1)
1
Total
-
present cash
A
held
301,634
Surplus
IContratil Honestly Negotiated--
<*/•
904,662
*
erence; stock and. not. to
Celotex Corp.
;<
1,142,697
Sinking 'fund gbld .debentures——:
Capital stock —L.J
*
through earnings and also
be provided
to
possibly by expenditure of a portion of the Corporation's
resources.—V. 159, p. 1144.
>
Cr197,804;
and
S.
Liabilities—
5Va 'j
has been decided upon but the details
The program includes
near
Bishop/ Texas, and additional
corporation's other divisions.-.The balance of
the
,
'
483,848'
297,854
,
Reserves
plant facilities for the production of chemicals, including cellulose
acetate, and for the plastics division, as well as miscellaneous expen¬
ditures
460,714
•
Current/liabilities
'
fully worked out.
been
chemical
a
$1,198,061'
436,402
69,741
Total ;l_———
■;
is to be utilized to provide a part ef
$25,000,000 program for additional plant facili¬
scope of which
not
of
$3,025,293
: :
$5
X
proceeds
a
$2,880,256
plan approved
simplification
corporate
20, 1943, further provides:
Cities Service Power & Light Co., and
the acquisition by
Cities Service Co., of $4,700,000 of 6'./ demand
notes of The Gas Service Co.,
$838,220 of cumulative first preferred
stock and $12,832 of non-cumulative second preferred stock of Kansas
City Gas Co., and $200,000 of cumulative first preferred stock of The
Wyandotte County Gas Co. in exchange for the sale and transfer byCities Service Co. and- the acquisition and retirement by Cities Service
Power & Light Co.
of $1,914,000 of 5Vt>.'/r
debentures due 1949 and
$2,289,000 of 5Va%
debentures due 1952 of Cities Service Power
Light Co. and 9,242 shares of $7 dividend cumulative preferred stock
of Cities Service Power & Light Co., and for the sale and transfer by
Cities Service Co. and the acquisition by Cities Service Power & Light
Co., of $150,000 of common stock and $874,921 of 6'> demand notes
2,982,817
543,536
Equity in Sloane-Blabon Corp.Other invests, defd. chgs. and misc., assets
& Co."
and
120
to
prop.,
Invest,
164,818
stock at
3,281,144
593,826
'
prin.. amt.
of debens.
/Non-operating
the proceeds is to be applied to' the redemption of the
shares of 7% cumulative series prior preferred
37,710 shares of 5% cumulative series prior preferred
of
outstanding
3,164,541
604,808
Balance Sheet, Dec. 31
Assets—1943
Current assets——
$8,469,024
each
$123,610
'■//
■
provides that this company shall change its present capi¬
consisting of debentures, preferred stock and common
capital structure consisting of one class of stock, namely1
14
into a
The
13,829,598
398,956
(net)— •' Cr325,019
Comparative
r
:</
$120,471
structures,
of
offering of the new securities will be made
first preferred stock, $4.50 series, is to be
/."/' v.
1144. :
voluntary
March
stock,
16,339,373
: $1,440,312
purchased during year
preferred
dealers,
of
cost
over
stock is to be offered and the common stock
underwritten by a nation-wide group of investment bankers
first
—
taxes——
'
and for 139,622 shares of common"
(no* par),:
entitling the holders, to purchase one share of common stock for
ten shares held of record April 11,
1944.
The
1940
16,740,773
3,019,023
645,611
;
profit---———
Excess1
12 Mos.—1943
1944
$58,748
$58,290
Cities Service Power & Light Co.—SEC Approves Plan
>
common
sinking
U.
for
Net
registration statement with the
for 350,000 shares of first pre¬
a
Commission
The
1944.
profit
Canadian
■
public, and the common stock is to be offered to holders
corporation's common
stock through subscription
warrants,
the
"
j*
to the
offered
of
1
,
Co.—Earnings—
1944—Month—3943
_• •
159/ p.
The
$23,390,378 $23,239,636 $18,554,012
$19,944,908
„
5 Va
on
Other deducs.
par).
(no
It
on
filed
22,
Exchange
ferred stock, $4.50 series,
stock
*
i
been
•
tal
America—Registers With SEC—
Celanese Corp. of
Securities
'
*
>/.;.;//>•
Calendar Years
1942 >/-/ 1941 ;//:./
for
fund; gold. debentures
Prov.
(
-
i
has now
•
7,130,408
8,528,531
393,789
619,312
detail
in
gen.
—
Operating
.
Int.
10,428,648 182,377,466 148,417,770
15,357,842
plan
•
Deprec. and depletion,-
Caterpillar Tractor Co.—Earnings—
sales
the
Sold,-.—, -.14,839,962
and
adm.
expenses
Period End. February—
—v.
(less /.discounts
Cost
Ry.
after *
income
charges
plan.
to -stockholders.
allowances)—
and
Street
Period End. February—
Corporate
1943,
v
Income Account
/>/</•///'' /■////> / "1943
/
Sales
inventory losses reserves, $200,000; minority interest in subs, company,
$1,830; 4%
cumulative first preferred stock
($100 pari, $5,000,000;
common
stock .(609,508 shares,
no par), $10,056,882;
earned surplus,
Net
and
on
3, 1944, $354,087; fifteen-year 3% sinking fund debentures, $4,000,000; contingencies reserves, $275,000; insurance reserves, $1,406,999;:
.
referee
prospectus'describing
final
submitted
facilities
manufacturing
(The referee has rendered his report to the Court. See
-.
•
.'
,■
•■// ' /
the Chairman advised stockholders of a pending
22,
recapitalization
;.t The
.
the
to
agreements was made by Celotex.
Hearings
appointed by the Court were concluded in
agency
a
Celotex Corp.) ;
Jan.
p.
by
amendment
of
sales
1944.
January;
payable to banks, $2,800,000; trade accounts, pay-;:
and, payrolls, $5,528,770; other accounts payable and accrued
expenses, $755,061; accrued general taxes, $505,461; dividends payable
159,
offer
Cincinnati
entitled Kalmanash et al vs. Smith
Kings County,..New. York,
An
gypsum
conducted
Liabilities-—Notes
total, .-$42,026,481.--V.
al.
et
$44,150),
able
$11,142,391;
of
Court
the
$402,306; estimated post¬
war
refunds of Federal excess profits taxes, $391,000; capital assets
(less reserves for depreciation-and general obsolescence of $14,027,897) ,■
$12,375,375; patents, trade-marks and goodwill, $1; deferred charges,
$345,970; total, $42,026,481.
laneous
JStV
and
in
$380,523: inventoriest $14,170,718;
in¬
affiliated .companies, $994,565; miscel¬
advances,
expense
vestments
trademarks, etc
*
:
L'L_
1'
j
—
$86,270,662 $80,911,517
.
and Year to Date
;,-o:.'T944—Month—1943
1944—2 Mos.—1943
$17,644,349 $15,248,344 $35,144,771 $30,929,749
c -v ■>.• ■
.:H
■
cess .profits-: taxes_-i'i:i*«;•3,294,233
3,587,616-- 6,717,013
7,278,662
Other rAilwayv.taxes/—'v,,l>009,716
903,903
2,027,152
1,826,161
Net operating incomO—;i'. 2,728,084
2,931,459
5,537,830
5,940,474
';Net-;income-/-.v/-'_.wa_: VS;: .2,23.6,823
2,409,638 y 4,564,968
4,909,579
Per share- on common--$0.29 /
$0.31
$0.60
$0.63#
Earnings for-February
j
v/ Period Ended
Feb.—
income,//.—
Federal income and:.exGross oper.
,
Sinking & other apurqp.,
of
'
,
and
;
.
-
William
H.
/
•
.
„
44,183
89,132
85,272
2,365,455
4,479,696
•
•
Wenneman/Assistant to the President,
159, p. 1036.
It
is
-
.
,;
has been promoted
that
which-to
1943, on
cipal.—V.
159, p.
1144.
'
*
there has been deposited with
165 Broadway, New York, N.
$599,671
Provision
for current redemption
Payrolls,
commissions
for
Provision
for
Reserve
3,116,508
2,254,982
taxes
cost
and
for
of
and
owing
Hemisphere
service benefits
6,477,316
2,348,786
—--
under
to
)not
liabilities
Minority
interest
£$4.25
Earned
cLess
1942.
1943.
a
*
—
-V-
—
for
doubtful
for
1,615,825
12,500,0(0
24,535,086
17,973,802
$86,270,662 $80,911,517
——
reserve
9,009,056
1,684,329
12,500,000
24,535,088
18,615,236
;
-
-
tLess
;
^
surplus
reserve
10,820,657
reserves
foreign subsidiary.-—
stock—-
300,7fi7
—1,987,5(K>
282,697
accounts,
depreciation
allowances,
of $1,044,221
in 1942. J Less
etc.,
of $2,477,320
depreciation of $17,980,217
in 1942 and $18,140,308 in
|iIssued 125,000 shares of no par value, ii 1,962,807 no par shares.
reserve
—V.
and
Stock
Total
in
in
preferred
ilCommon
1,704,533
9,512,708
prior years
subs, outside the Western
consolidated)-'—-^—--——- ,/
Palmolive Building 4% serial 1st mtge. notes...
Amount
$1,051,087
2,643,1.56
accruals...w.1,113,387
other
current
past
of coupons—
Employees Retirement Income Plan.---------
Illinois RR.—Interest—
the Chemical
Y„ funds with
pay interest on coupon No. 5, due Apr.il 1, 1944, for the year
the general mortgage income bonds at- the rate of 5of prin¬
announced
Bank & Trust Co., trustee,
•
(foreign)
payable
Deferred
4,820,447,
Vice-President.—V.
Chicago & Eastern
loans
Accounts
<
.
;■
loss-—.2,194,571
Official Promoted—
to
.
42,252
income
Balance-.transf. to profit ../.. ;
war
;
.
5; Liabilities—
Bank
for
158, p. 2576.
•
"
..
••
/
L
Sales
Net
:__1.
profit
:
$5.14
$3.94
"After all
charges, including interest, provision of $5,260,000 for
Federal taxes, an estimated renegotiation refund of $5,200,000, volun¬
tary refunds of $1,954,235 to customers, and reserve oi $300,000 lor
contingencies;
While provision has been made for estimated renegotia¬
tion
reiund, the profit figure is necessarily tentative until reviewed
Larnings per common share.
Board. ■
*
net profit is after renegotiation, taxes,
Price Adjustment
the
by
tin 1942
Colt's Patent Fire Arms
,
etc.—V. 159, p. 837.
Postponed
Mfg. Co.—Meeting
stockholders was postponed on March. 16
until April 20, the annual report having been delayed because of rene¬
gotiation.—V. 157,, p.,,863.
of
meeting
annual
The
.
and
manpower
Other
fund
Corp.—Earnings—
26 Weeks
Dec. 25, '43 Dec. 26, '42
Ended—
Operating profit
.j--—■—
Federal tax^s (incluuing excess proiits
Net
profit
_
Earnings per common
$3,065,000
—
—
$2,350,000
$955,000
$2.32
$750,000
$1.77
2,110,000
tax)—_
:
...
share
—
159. P. 5.
—V.
Calendar Years
1943
1942
1941 %
1940
$21,188,027 $19,579,627 $21,121,297 $16,140,527
14,386,105 12,345,923
11,924,238
6,823,760
"
"
*
2,482,111
l
(net).
Sales
—
sales
of
Cost
and depletion--
Deprec.
January, 1944
current assets
Deferred
782,660,
fication.
85,642
146,049
30,969
858,560
$4,586,704
royalties,
comm.,
$5,227,396
$6,567,007
$4,813,869
15,393
3,095
dis-
int.,
disc'ts,
Cash
etc.
income
Total
mantl. exps., rents, etc.
Loss
abandonment
on
fixed
of
Federal
12,503
assets——'
inc.
1,350,000
(est,)-
tax
profit
Net
Total
Res.
for
■
?
102,663
$3,132,659, $3,529,159
$3,106,145
6,597,380
6,090,648
$11,201,813 $10,335,885. $10,126,539
$9,159,447
7,263,226
8,095,668
—
160,000
securs.
Additional prov. for est.
Federal
income
90,000
177,505
tax-;-
2,283~976
2,149^624
—
2,525,808
N
2,472,066
& cap-
1
—-
'
Assets—Cash, $5,395,256; U. S. Govt,
securities—at cost (quoted
marketable
obligations (at cost), $i,000,000;
market value $842,201), $841,-
accounts receivable (less $27,274 reserve), $2,190,885; inventories,
$2,489,483; investments (net), $3,661,663; notes, accounts receivable,
etc.
(less $37,253 reserve), $142,185; post-war excess profits tax credit,
165;
$61,289; fixed assets
(less reserves for
amortization of $29,608,635), $19,128,441;
charges,
$352,237; total,
depreciation, depletion and
patents, goodwill, etc., $1;
$35,262,605.
and accrued accounts,
$1,350,000; reserve for taxes
Liabilities—Accounts payable
income
taxes,
1943,
$1,105,086; Fed¬
and other con¬
tingencies, $614,520; minority interest in subsidiary companies,
capital stock (537,406 no par shares), $21,849,354; capital
263;
$16,242; earned surplus,
; f
.
• ' *\
*'«/•.
t
«
''C"'r r,^\*
$1,128,surplus,
2189.
March 18
-
—
26—'
-
-
:
9.8
9.7
9.8
194,941,000
31$?.
of
increase
3,661 employes of the System
Companies were on military leave serving in the armed forces. Twentyfour former employes have died serving their country.
As of the close of the year. 2.137 employes were on wartime leave
status, working: in: war industries.
*
the
of
end
the
year
.
Earnings
Combined
.
of gas
Sales
of electric
Sales
of steam
—
weekly kilowatt hour output of
corporation adjusted to show
served for the week ended
Preferred Stock
stockholders will vote April 3, 1944, on approving an
increase in the authorized capitalization of the company from 538.162
shares to 578.162 shares by authorizing 40.000 shares of cumulative
common
preferred stock, without par
revenue,,
274,967,145 260,911,559 261,267,545
256,928,608
132,463,083 118,370,113 117,879,662
28,865,300 28.827,840 28.873,052
64,957,097 63,822,154 62,366,311
1J7.051.965
26,617,908
55,2^7,671
427,508
458,194
% 576,927
535,365
—
.
oper.
declared an initial semi-annual cash dividend of
50 cents per share and an extra cash dividend of 50 cents per share
on the capital
stock, both payable May 15, to stockholders of record
April 15.—V. 158, p.- 2466.
.
long-term
Miscell.
debt.
of
Inc.—Output—
that System output1 of electricity (electricity
generated and purchased) for the we.k ended Mar. 19, 1944, amounted
to 206.171.000 kwh.. compared
with '70 032,000 kwh.. for the corre¬
sponding week of 1943, an increase of 21.3% . Local distribution of elec¬
tricity amounted to 203,420,000 kwh
omnared with
kwh.
for the corresponding week of last year, an increase of 22.9%.-
Report—For Year l?4k-—
Annual
a
annual report for
decrease
dividends on
.
.
r_..
36,454,864
18.3*3,643
20,647.849
;22.942:054
10,921,575
10,921,325
10,922,200
10,922,950
1,091,465
(no
Earnings per share
"Revised figures.
—
—
,
—
of the Defense Plant Corp. in Queens.
report gives in summary form*the income
the higher
large
_
which
change,
although
$1,79
$2.00
bringing
about more
'
-
'
-
Statement for Calendar Years
Co;- of New York, Inc., separately)
(Consolidated Edison
1942
1943
Ooerotm®
$
ravenn°s:
Miscell.
sources,—i.
Total
•
revenues-
oper.
Onnrotincr
expenses
Depreciation
Taxes
*1941
33.206,327
2,610,117'
(inclnd. prov. for
150.718.782 146.832,425
75,oo«52 , 74.6-18 8*8
15,728,000 1.4,428,000
30,340,813
26,781.353
26.305.515
27.514,714
16,180.479
413,698
18,454.282
502,347
19,516.675
1,047,335
40.728,567
49,543.134
44.257.250
45,984.054
10,546,240
10,708,768
10,710,002
10,711,121
miscell. deducts—
499.221
Cr231.386
382.674
Cr477,530
: 4.15,022
chgd. to construct..
471.432
Cr325,112
29,914,492
31,693,046
33,641,104
34,857,911
31,622,761
Onevating
income.—,
26.426.183
15,765,418
462,034
revenue..——
Non-oper.
rev.' deduct..
Gross' inco"-"?
Int.
on
Miscell.
debt
and
Int.
Nnt
lnng-tp''?n
int.,
disct.
;
•_
debt.
of
:
,
r,
—.
accrued
accrued
——
Accrued payrolls—
—
Mortgage bonds due January, 1944—-—Interest
Other current
.
.
—
—
payable
Accounts
Taxes
2,727,612
5,514,003
8.374,969
21,289,555
5,208,303
Customers' advances for construction and
other deferred credits.'—-.————_
Reserve for depreciation of utility plant—
755,525
—
—'
880,712
1,042,858
1,042,007:
,
117,592,912
131,568,372
7,072,479
6,721,098
6,719.409
6,719,409
1,777,510,1,855,228
3,288,288
3,285,960
2,587,958
2,594,203
-
Miscellaneous reserves
Contributions in aid of construction.—___
subsidiary companies
Total
7,768,523
1,378,996
*
Injuries and damages reserve
Employees' provident reserve.
5,082,156
20,574,492
5,362,867
l,14y,264
3,500,000
and accrued assets
Minority interest: in
$494,487,000
2,730,112^.
$471,094,000
-
—
deposits
Customers'
.
199,374,408
391,907,912
155,230,917
199,557.145
391,907,912
154,461,796':
$1,420,805,962 $1,423,379,919
-
159. p. 1145.
—V.
Aircraft Corp.—New Director—
of Aviation Corp., has
Consolidated Vultee
Rudolph Deetjen, Assistant to the President
been elected a director,—V. 159, p. 839.
Credit & Investment
Corp.—No Longer Holding
pany—
Com¬
>:.:%;%%■
March 16 issued Its findings and order declaring that the
Corp. formerly known as German Credit & In¬
has ceased to be an investment company.
Applicant was organized on Jan. 12, 1926, in Maryland.
It was
registered under the Investment Company Act of 1940 as a closed-end,
diversified, management investment company.
'
'
On Nov. 24, 1943, as a.result of appropriate action of its board of
The SEC on
Credit
Investment
&
Corp.
and stockholders,
directors
of
Nov.
1943,
24,
dissolved in accord-,
applicant was formally
Maryland.
with the laws of
As
applicant had outstanding
18,97534 shares of
represented by 75,903 allotment certificates, 25%
of second preferred stock; and 439,5723'4 shares of
which 18,975% shares were held for the allotment
preferred stock
paid; 20,000 shares
of
stock
'.*
.• * P
CCrtlfiCR t/6S.
• .•
;%•
$37.0993 per share of
$2,815,948 has been made to the 456
holders of allotment certificates.
A partial liquidating dividend at the
rate of $14 per shore aggregating $280,000 has been paid to the 22
holders of applicant's second preferred stock.
Applicant's assets have been substantially liquidated. As of Dec. 21,
1943, after giving effect to the partial liquidating dividend to holders
of the second preferred stock, and after provision for- taxes, accrued
expenses and expanses of liquidation, totalling $44,278, applicant's net
assets amounted to approximately $50,960.
Applicant states that final
distribution to the holders of second preferred stock will be made as
soon
as
possible after final determination and payment of all the
remaining liabilities.
Holders of applicant's common stock will notshare in the distribution of its assets.—V. 158, p, 2043.
and
full
A
first
final distribution
at the rate of
preferred stock aggregating
Manufacturing Co.—Earnings—
Curtis
Years Ended Nov. 30—
Total
Provision
Reserve
Net
-
for
and excess profits taxesadjustments—,.-——_»■—
income
for post-war
income
the year
termined
that
:
-
—
—_L.—_
,
'1943
1942 ' %
$1,866,684 $1,940,864
1,352,597 -; 1,356,466
,
income
'
■
100,000
100,000
$414,086
$484,398
ending Nov. 30, 1942, the Price Adjustment Board de¬
$1,053,000
(before deduction of income and excess-
The net effect,
profits taxes) was refundable to the Government,
affer 'making this refund and readjusting the provision for income
and excess profits taxes, was to reduce the profits for,the year 1942
to $192,749. V
194-3-,current assets (including cash and Government
$2,367,245) were $3,877,504 and current, liabilities (in¬
cluding income and excess profits faxes of $1,491,810) were $1,986,828.
—V. 158, p. 1529.
" V-'
'■
"■ %
'
from
At
$484,397
30,
Nov.
securities
of
exp.*-
in*nme
"Revised figures.
5,938,708
.
.
amort,
and
5,690,025
Liabilities—
Long-terra debt
v
■■
13,202,867
$1,420,805,962 $1,423,379,919
_
-
Dividends payable
For
33,054,315
31,142,101
_
2.885,036
4,159,533
.
-
% Total
'
taxes)
income
%,%•
2,247,362'
3,054,587
debits
Deferred
;
3,500 000
January, 1944
current assets
$
158,106,932 150,503,284
8R9 648
76.887.7*6
15,650,000 15,711,374
2,234,158
1940
5
$
D0.353.983 106.187,657
33.465,8*0. ,33,708,2,54 34.785,170
6,511,103
6,656,545
5,864,598
*
with the Industrial
York State..
of mortgage
due
^-Prepayments ™__——1
122.290.488 110.526.301
electric energy
of gaS->-_—r
•
statements for the
reflected in a sharp proportionate rise in production expenses;
of most customers from monthly to
bi-monthly meter
billing,
'2.589,860
11,471.027
$2.23
>
Comparative Income
N"n-onpr.
ratio of operating expenses to revenues, among which were:
volume of electricity sold to war industries at wholesale
and
2,350,862
11,471 037
A
„„„
change
reading
2,214,556
.11,47T<v>7
<
stock outpar)—
common
payment
for-
common
.<
11,471,077
$1.70
snmb's account
Shs.
to a single customer—the aluminum
management. (3) The impact of Federal income taxes on net income.
The report
says a combination of conditions
was responsible for
tKe
33,920,911
58.873
31,489,524
to
of 3.6%
1940 to 1943 inclusive.
Three points show significance: (1) A
higher ratio of operating expenses to revenues in 1943. (2) A con¬
tinuous
downward trend of
expenses
most closely controllable by
rates,
95.349
64,976
years
"The
65,891
.stock:
carried
Balancg
deposited
.
Commissioner of New
Cash
:
-
,
—
receivable
and supplies*;-
Securities
—
.
accounts—
Treasury tax series
ance
30,357,683
preferred-
cumul.
investments
Other fund
Materials
1942
1943
Cash
Accounts
108,121,144%
,
$1,259,522,227 $1,266,547,164
5,719,264 ,
5,719,264
12,824,985
13,512.062.
1,031,060
1,206,840.
729,508
511,660
54,243,793 .39,000,700
notes—H 25,310,000 „ -24,500,000.
21,044,413 "
21,681,805
«:
21,742,409 . . .26,426,451^
Capital stock expense.—.
Other physical property——
U. .S
802,271
199,995,714
392,095,820
Consolidated Balance Sheet, Dec. 81
.
Assets—
first
Ommon
the preferred
from sales of electric enerery
The
946,520
■
.
————
Divs. on co
Fed.
preceding.,
plant
■769.952
0477,530
18.353.643
income
Net
of
istorV
came
975,077
Cr325,112
and expense
construct.
Divs. on pref. stock of
subsid.
cos.
held by
minority stockholders
Solas
1943 shows a net income of $30,357,683 which
from the previous year. It is equivalent, after
stock, to
of $1.70 a share on the
common stock.
This compares with $1.79 a share for 1342.
Total operating revenues of the C ---i'dut^d Edison System comanies for 1943
nmnuntino* to $274 967 145
wpvp the lorrrocf in n—
The
17,693,767
to
phgd.
Sales; of
is
55,190,500
17,719,877
miscell, -deduct—
and
standing
Consolidated Edison Co. c f New York,
v
,
$1,074,042,324 $1,088,247,013
—...
Utility plant
Other
4,005,753
3,894,443
511,713;
,
392,095,820
par
45,046
57,011,670
:
.
108,722,467
Total
vestment
amort,
int.,
debt disc,
$5
51,999,101-
17,718,643
1,053.630
<>231,386
income
Gross
Int.; on
49.916,005
17,559,174
deduct—
49,891.452
500,162
475,609
48,804,077
rev.
—,
802,898
199,995,714
shs.)__
(11,476,527 no
stock
Surplus
57,991,064
52,148.500
directors have
The company announces
$5 cum. pfd.
Common
10.793,348
2,499,392
48,681,665
652,744
530,332
revenue
Non-oper.
aid of construction
stock (2,188.890 no par shs.)
Contributions in
$
41,889,087
$
sources__
Taxes
value, issuable in series.—V. 159, p. 933.;:
Consolidated Natural Gas Co.—Initial Dividend—
The
40.641,621
8.204,507
3,296,281
578,43F
4,180,956
3 894,443
100,140
:
—
—
201.746,781'%
energy
Operating expenses
Depreciation.-
Int.
Consolidated Cigar Corp.—To Create
$
40,527,862
1940
1941
217,902,341 207,070,385 208,314,022
14,450,072
11,006,128
9.793.962
2,507,493
2,307,184
2,517,940
Miscellaneous
Gross
1942
reserves
57,012
62,099,536
Capital stock of - Consol. Edison Co..; *
$5 cum. pfd. (2,184,000 no par shares).
Common < 11,471,027 no par? shares)...
Surplus
-
Calendar Years
$
40,107,239
Operating revenues:
Sales
Operating income.—
territory
The
for
(Including subsidiary companies)
Non-oper.
Corp.—Weekly Output—
electric energy of subsidiaries
general business conditions of
March 16, 1944 amounted to
251,333,590 as compared with 232.772,926 for the corresponding week
in 1943, an increase of 18,560,664 or 7.97%.—V. 159, p. 1145.
this
Statement
11.3
159, p. 1145.
The
of
of
total
a
!
3,135,458
_1
Other
retail service classifications.
1943; were the highest in the history of the (New
York Steam- Corporation, amounting to 14,873,145,000 pouHds, an in¬
crease
of 32% - over sales in 1942.
Steam 'revenues* were $14,450,072,;
"
Commonwealth & Southern
Miscellaneous
Bales .of steam in
At
accrued
accrued
35,021
531,170'
3,227,370
.
j.
>
$297,847,000/
5,313,536
* 2*.730,113
$274,347,000
5,252,105
2,727,613
851,037
741,808
: 3,525,957
7,322,628
construction and
other deferred credits——
Reserve for depreciation of utility plant.Injuries and damages reserve™
—.
Employees' provident reserve———
residential and
an
.
..
deposits
Customers'
.
1943
178,759,000
17.9,332,000
180,508,000
175,209,000
196,287,000
196,728,000
198,207,000
-
March 11
—V.
*
4,253,460
;
Liabilities—
the year's electric
practically one-third of
in war Industries. •-
use
[,'r
of the Commonwealth Edison group of companies,
excluding sales to other electric utilities for the week ended March 18,
showed a 9.8%
increase over the corresponding period of 1943. Fol¬
lowing are the kilowatthour output totals of the past four weeks and
percentage comparisons with last year:
Week Ended—
1944
1943
% Incr.
February
for
were
restrictions on civilian popula-.
tion
business. Such things as war
tiniei blackouts; and dimouts cut down the' use of electricity from
normal.
The company estimated that wartime restrictions on electric
use by customers produced loss of sales of about 245,000,000 kilowatthours
from what might normally have been expected for the year.
Sales of gas by Consolidated Edison
System Companies amounted
to 40,360,298.300 cubic feet,
an increase of less than 1%.
Revenues
from gas sales amounted to $40,107,239, a decrease of 1%, The report
indicated that there was ""an increase of nearly 6%
in the wholesale
uses
of gas, which included a large number of customers engaged in.
war
work, but this was not sufficient to offset decreases in the
Output—
Commonwealth Edison Co.—Weekly
'6
sales
that
estimates
Company
$9,199,140; total, $35,262,605.—V. 158, p.
Electricity output
March
also points out that other important, war industries were
served, including the Brooklyn Navy Yard, private ship builders and
aircraft
factories.
In addition, there were numerous small plants,
and shops turning out precision instruments -artd other war material
incl"ding military uniforms.
The transportation load of the Consoli¬
dated
Edison System
Companies was larger than, ever before.
The
report
report also points out that war
continued to affect the electric
$9,052,189 $8,111,910 $7,263,226 $6,597,380
Earnings per share——
$5.78
$5.83
$6.57
$5.71
^Depreciation and depletion has been provided for in the amount
of $3,566,984
in 1943, $3,095,203 in 1942 and $2,656,667 in 1941.
tof which $16,242 is capital surplus.
^Includes $684,000 (after $76,Q00
for post-war credit)
in 1942 and $759,600 in 1941 for excess profits
t&xes,
■'
>'
''
•
\
'i '
' t i11
1
Consolidated Balance Sheet, Dec. 31, 1943
ital surplus
deferred
the
The
tTotal earned
eral
owned by the Defense Plant Corporation in Queens—
largest electric customer of any single utility system—'
factor chiefly responsible for the increase in electric sales.
is
the
was
The
—
surplus
mktble.
Dividends
$3,068,799
alumi¬
supplying the requirements of the
report points out that
plant
num
which
& cap¬
surplus
ital
:>
—-
Previous earned
Companies increased, but also
The
Proportion of profit applic. to minor int
;
$1,074,042,324 $1,088,247,013
Customers' advances for
'
§1,927,300
$3,955,309
827,595
8,722,319
Mortgage bonds due January, 1944—3,500,000
Other curernt and accrued liabilities—
689,732
In the aggregate these
g2,6oo"ooo
$5,739,412
637,313
3,856,278
'
—_
payable
Dividends payable
Payable to subsidiary: companies
Accrued; payrolls
v
amounted to $7,196,950 for the year 1943.
recent years, not only has the amount of taxes
357,635
$4,590,083
669,540
Rentals, int., divs., disc.,
:
——
Long-term debt
"
:
1,279,694
:
838,298
Accounts
collections
"In
3,500,000
1,427,029
Interest
574,099
2,879,347.
$3,917,164
profit
"Operating
-
,
—
debits
Total
Taxes
293,417
3,457,647
:
1,156,134
1,150,056 ■'
—
Prepayments
Companies,
671,082
2,643,621
1,985,456
14,800,516
——
-
Other
•
cent on, sales of electricity,
non-residents.
supplies
deposited
•
to the
to the
agencies Federal income and social security taxes and
State income taxes on
New York
11,'250.000
11,327,757
1,154,062
11,654,379
8,000,000
with the Industrial •
Commissioner of New York State
Cash
for
payment
for
mortgage
due
and steam is collected from our customers and transmitted
City.
The companies withhold from employes and transmit
appropriate
12,123,925
subsidiary companies—^.
from
and
Materials
Securities
of the System
their complexity and the difficulties and
uncertainties of determining tax liability.
The length of time neces¬
sary for disposing of doubtful or disputed items, whether by negotia¬
tion or legal proceedings, makes inevitable deferred determinations of
taxes which may result either in further payments or in tax refunds
applicable to prior years.".
Sales of electricity for the System Companies amounted to 9,038,101,077 kilowatt hours, an increase of 25% over 1942.
Electric reve¬
nues
were
$217,902,341, an increase of 5.2%.
The reason for the
much larger percentage gain in kilowatt hours than in revenues isthat the increase in sales was in the high-volume, low. rate elassi-'
2,884,758
Sell,, adrn. & gen. exps.
City sales tax of one per
York
New
gas
Consolidated Income Statement for
V;
the taxes listed as payable by the. System
"In addition to
the
329,294
32,455,492
S.
Receivables
;
and salaries.
7,570,332
342,154,676
760,312.
"263,785*
21,390,018
■'
%
—
Treasury tax series notes—
Accounts receivable
'
—z
U.
years.
ployes in wages
Subs.)—Annual Report—
Columbian Carbon Co. (&
.
1,600,000
accounts—.—-
Cash
3,186,509.
,
physical property,—: -"*7,400,917
in subsidiary companies——,
335,244,595
investments
———•
! 558,195
>
Columbia Pictures
3,186,509
Investments
and other uses of electricity,
customers far below normal
many
$658,146,045
—'
expense
Other
Other
which reduced the requirements
standards. The properties were
operated with a smaller force than ever before because of absence of
employes on military and war time leaves.
%
Taxes of the Edison System Companies in 1943, according to the.
report, amounted to $65,855,881, an increase of $1,528,426 over the
preceding year. The report contains detailed tax comparisons for "the
years 1943, 1942 and 1934.
On the subject of taxes the report con¬
tinues as follows: "The year's taxes were equivalent to 23,9 cents of
each dollar of revenue, $5.74 a share on the common stock, $16.52
per meter served and within 6 % of the total payments .to active em¬
of
1942
$651,163,295
•—
—
—
Capital stock
Companies closed the year 1943 with cash
reserves and U. S. Government securities of $79,553,793, a net increase
during the year of $16,053,093.
The Companies redeemed $23,500,000
of debentures and bonds during the year.
Wartime conditions made demands on the electric generating facili¬
ties in
the Companies in 1943 such as never before had to be met,
according to the report.
This came about despite restrictions on
lighting
1943
Utility plant
System
Edison
The
(Company Only)
Balance Sheet, Dec, 31
■
;
.
Assets—
the amount
1942,
past six
the
in
of
use
with
pared
1942 *
$49,071,212 $24,487,786
"1,797,169 tl,415.879
Calendar Years—.
'*
other economies, increased, as com-,
of energy delivered but not billed at
the end
of the year; .higher maintenance costs resulting from the,
extraordinary
rate of operations and the inability
to obtain new
j, equipment; the largest taxes on record."
*
' y;,
:
Depreciation provision of the System Companies was practically
unchanged from the preceding year.
The consolidated depreciation;
reserve increased by $13,975,459 during
1943 to a total of $131,568,372
on Dec.
31. There has been an increase in this account of $69,947,342
efficient
Co.—Earnings—
1943;
Cleveland Graphite Bronze
Monday, March 27, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1248
.
—
Detroit Steel
A
been
Corp.—Merger Proposed—
consolidation of this corporation and the Reliance Steel
assets .are $5,365,000 and $4 003,000, respectively, has
approved by the directors of both companies and will be sub-
plan for
Corp., whose
m
i
THE COMMERCIAL & FINANCIAL CHRONICLE
'
mitted
the
to
stockholders
•future, it was announced
be the
v
the
at
special meetings to be held
March
011
in the near
The Detroit Steel
21."
combined properties.
plan involves
merger
stock
in
exchange
issuance
for
and
debentures
of
i/*/';'A/;
$2
new
20-year sinking fund debentures and
/
v
share
each
Stockholders
; i
of
debentures
of
of
$5
Reliance
and
one
-ji
get $3.33V3 principal amount
$2 par common stock for each
Steel
would
85/100 share of
new
"
.
stock and about
to
Detroit Steel Corp., with mill, properties and offices in Detroit,
large independent producer of .cold-rolled strip steel. "A whblly
owned subsidiary, the Craine-Schrage Steel Co., is sales agent for the
Is
:
and
concern
products from
The
.is
*
its
Reliance
of
one
the
certain
other
warehouse
Steel
Corp.
largest
rolled steel products
in
steel
its
and
processors
of
distributors
warehouse
Warehouses
flat-
Sell.,
adm.
&
gen.
i
*
___
/•>/.-:/
1944, the company
the
individual
*532.835
was
intention
of
names
the
of
selling
underwriters
stock
common
/American
Both Harry
and
and
warrants
be
to
Noel '■-
rants
Straus Securit's Co.
[Childs,
Jeffries
Herrick
11,100
10,000
&
Gross
profit
sales
on
$3,071,627
128;955
;
income_^__-^„_________w„^_____-^_
3,000
income.-___i.__'
Total
'
$3,237,506
__
Coburn
22,623
;
—
Pate, Inc
3,000
300
'"Provision for U S. and Canadian income taxes
Transferred to special inventory reserve.,
3,000
2,500
250
5,000
Middle- /
&
/••
•.
Cash
profit
dividends—.—_________
Stock
■
1—_
dividends
Earnings
^) r
$711,388
—
per
446,275 '
_
;
deducted
in
arriving
for sale.—V.
•
at
above
profits:
net
'
hand and demand deposits.—____
on
$1,747,999
2,427,405
'tlriveritories
2,607,985
592,715
_
tProperty,
plant
Deferred
,63,467
706,749
2,559,694
I
23.
301,361
297,010
■
-
distribution
similar
A
in
from
1944
months
six,
ago,
Liabilities^
-
i
Ijf.. Notes, payable.___.—
Accounts payable
;Accrued taxes, wages and miscell,
$1,000,000
TU. S. and Canadian income taxes...
,
564,545
1,005,973
;8'v,
cumul. debenture stock (par S100—
$3 prior preferred stock.' (par $50 )—.m:—
f [Common, stock, class A (par $5)—
Toting common stock (par $5)
,
Capital surplus
/ 559.91T •
3,082,000
...
3,082,000
868,000
—
868,000
*
current
;
__
February—
from railway.—.
i?* Net/ from*; railway/
1_
_
Gross from
'Net
1,370,217
Drl92,754
Dr253,593
Total
of
"v
$10,943,909 $10,074,77.8
"Less
.
reserve-of $46,505
$100,000
in
in 1943 and $53,505 In 1942.
and
1943
1942.
(Less
.
.1942.—V.
159, p. 1038.
(tax
,
••.../•
•
.••.•'•>■..
.
;
12 Months Ended February—
.
earnings from utility/operations...:
Operating and maintenance charges
Normal tax and .surtax———.,.—;*
Excess profits tax-,
—
—
_
1943
—V.
$90,803,827 $78,219,131
62,341,111
53,432,603
3,600,000
3,090,000
/ 11,360,000 •
9,020,000
5
(.-''v'.
^
.
from
utility operations—
.Other miscellaneous
$13,502,715 $12,676,528
—
income———/——————
95,423
the
1
'»
121,254
45,478
-*■/ /-."'V "•
l'■
"
r
'
/
Gross
:
Net
income
corporate
'Interest
charges
(net)
^
10,125
.< .tT:,4V
-
'L" ^
"
f
^
'*
1
Wt '
■
.
income
Other
'
$8,045,036
$8,779,252
.• .*
1*. ■
1942
11,070,048
/Michigan, has, been appointed Chairman of the board of. .directors, it
announced
■was
March
on
22.
<.
.
,
•
,
At
;
that
.Manager, is to be elected President,! to succeed Mr. Marshall who is
retiring from his off ice.
•
director^/meeting ,a Especial: stofckhdlders' meeting is
to be called to vote on amending the charter to provide that the
company may not have less than
seven
and not more than eleven
/directors.—V. 159, p. 840;
/
other
3,408,801
11,914,171
6,529,338
21,587,432
I'-.'t.V rlt'jb \J
32,547,650
9,037,250 26,958,371
;
204,685:'
502,658
32,547,650
371,522
,»
Gross
/
and
*•
'.*>l
274,556
6,563,751
•
to:, public
■
•
"
:/Puget
?Pfd;
3,522,790
12,647,943
14,813,086
18,608,831
*
■
-
'
•
-
cities
are
air
.Company's
ranging
in
conditioned
from
in
to
10,000
40,000.
z/—
* "
executive,
Sales. and
>
.-v
^ -
-
.equity
'
'
'
-
"
-
434,272
329,289
204,746
'
(
■
•
.
"
.
.
Elec.
of
/-
income of subs
4
^
'
,
-
•
"
.
.
/
1
'
•
10,283,310
8,569,996
;
3,541,600
299
1,051,828
1,370
'
v
3,541,600
1,051,828
,
Elec." Pow. &"Lt. Corp.—
•'
10,283,310
1
622
8,569,996
9,367
■
i
w
i
.n
,.
-imm'h
.I-.M
?
*
Total
Expenses
/•Prov;./for Fed. -taxes
102,363
382,704
373,896
'
on
income
'
•
55,000
37,600
25,000
10,283,932
421.236
1,549,941
8,579,363
686,705
1,502,355
3,541,899
1,053,198
/ : 202,733
Int* &• other deductions
"All
growth
of
%
•
85,000
profits
and
End. July 31—
Sales
■1940
$17,084
/
1941
:
—:
1943
90,282
;/
t
..income '
Expense's
263,827
106,090
26
Total
812,265
2,862,368
Other
21
220,389
628,981
.
169,532
26
'
posed to. place the
share, payable
the next'dividend
common
stock
on
date,
/'
.
.
/
10,
10,000 shs.
basis
of
it
is pro¬
60'cents
382,704
1,502,355
1,549,941
$437,233
$950,410
$1,056,606
37,600
55,000
will
be
added
to
on
-
./ Net income
■
$912,810
$1,001,606
$1,561,911
after
adjustment
•
capital*stock-tax applicable:to
//' SEC
working
capital
of
the
also
that
announced
no
the
value
par
Plate Co.
,
above.
',
>
!
have
been
advised
As
a
from
time
result of
to
time
*
of
status
the
the
other incidental businesses was incorrect.'? The Court,
adversely to Engineers and its subsidiaries on all
and
including
Order
-
old
were
Power
common
been
The
of $20,833 overprovision for Federal
the 10 months ended Oct. 31, 1942..
Dissolving
American Power
Sound
have
-—.
—
Corporation
& Light Co.—V.159, p.
Upheld.—See
549.
i
Orders
advised
and Disposition of Properties
of
the
order of
the SEC,
under Section
Light
&
Co.
and
Key
West
within
Electric Co.
v-
■■/
-
1943,
on Sept/ 13, 1943,. Engineers received for its holdings
stock of Puget Sound Power & Light Co. 65,466 shares
Bus
a
taken.
company
on
' •■/
-
.
'
July. 2,. 1943, sold its investment in Baton Rouge
Co., Inc., consisting of the entire capital stock of that company
net. price of $360,801.
Since the. investment of Engineers was
the result
surplus.
$180,000,
earned
.
per
;
the
business. / He
.
85,000
$412,233
taxes
;
$1,646,911
'
Purpose—Proceeds
;
(par $10). Engineers in December, 1943, and
February,- 1944, disposed of the 65,466 shares for an aggregate net
/"price of -$77'7,475." The. investment of Engineers in Puget Sound Power
/; & Light Co. was $34,097,994. The total loss was therefore $33,320,519,
of which $29,297,000 was charged against the reserve created in 1938
for depreciation in the value of this investment, $75,358 was charged
against earned surplus in December, 1943, representing the loss on
1,200 shares sold in that month and $3,948,161 is provided for by a
reserve set up in
December, 1943, through a charge to earned surplus to
/provide for the loss to. be realized through the sale of the remaining
investment in February, 1944.
Based on the rates in the Revenue Act
of 1943, enacted Feb. 25, 1944, it is estimated that the annual saving
in
consolidated Federal income and excess profits
taxes, by reason
/of the divestment of Puget Sound Power & Light Co. will amount to'
approximately $442,000.
;///•/
/
With respect to Key West Electric Co., all of the securities of that
company owned by Engineers were sold on Aug. 13, 1943.
The invest¬
ment of Engineers in Key West Electric -Co. was $325,701.
The net
proceeds of the sale, subject to certain minor adjustments, were $712,<.229 which resulted in a net gain on the books of Engineers of $386,528
which was credited to earned surplus.
The reserve of $229,000 estab¬
lished in 1938 for depreciation in the value of this investment was
.transferred to capital surplus.,//. .,...:.-:'
- /•./•
.
.
.
In compliance with- the order of Dec. 29, 1941, of the SEC directing
the company to dispose, within one year of date-of acquisition (Jan. 2,
1942), of its interest in the properties formerly, owned by Western
Public Service Co. (Md.), the company sold during 1942 and 1943 cer¬
tain minor isolated
properties in Wyoming and Kansas and is en¬
deavoring to dispose of the remaining properties.
/s Although, the company is opposing in the courts the order of the
SEC issued Sept. 16, 1942, directing the company, among other things,
to
divest itself of ownership and control of all subsidiaries except
•Virginia Electric & Power Co. nevertheless, certain steps in connection
with the disposition of properties directed to be divested by that order-
at
!
196,714 shs.
1944,
373,896
25,000
for Fed.
income
■"Net-credit
March
annual
an
quarterly.*
int.
..
Pro v.
,/
Outstanding
-
taxes
Balance
Capitalization, Giving Effect to Present Financing
Authorized
.
1943—12 Mos.—1942
$3,236,299 $3,617,466
9,367
622
//
,•,"
(par $10)
10,000 shs.
stock-(par $!)•————500,000 shs.
.
$1,435,178
299
$1,435,477
$3,245,666 $3,618,088
other than / .''//v.
/;•/ //:/• ; • //.',:• •:'
I
3,350
*16,802 1
13,643
.
7,317
4,721
4,763
37,770
19,331
194,662 /
114,402
/ 635,292
r 394,588
and
other
' \ <
,<
deductions /___
26
cumulative preferred stock
(Company Only\
1943—3 Mos.—1942
$1,012,492
1,370
$1,013,862
,Fed.; tax.es,
56,936
income taxes.
Beginning with
'
Total
16'
/
"
Common
.Other
..
10
37,404
-
Account
Income
,
Inc.—From-sub$.
-
Operation
$14,337
47,649
4,972,957
(5 Months)_______
^Before
Income
//
forth
Stores in
824,374
2,537,513
-
■Gross
,
are set
1,343,233
■
.1942
1943
^Net Profit
$420,772
i
1939
-
>
number of
6,335,303 " 8,227,755
451,569". a,019,232
"
Period End. Dec. 31— ;>•/
sales,
Net
Years
Ralance, surplus "-—-m
„
Earnings—-The
stores in operation since the company started in business
below: //.;//.-■■/.
/ ■ /;■
//._ U ;
■
•
divs.
14,961,546 * 18,608,831
6,062,261
7,891,249
.5,719,145
1,972,799
2,592,724
Net equity.(as above)_'_
real estate.
no
^stores were opened:
6%
:
.Other income
control and buying
York, N. Y. Company does'no manufacturing and
The business was started Aug. 1, 1938, with two
stores and from time to time thereafter until April 30, 1942, additional
owns
$22.50 per
of the new common stock
located in New
are
/
_/
92,230
/*
a
design and appointments.
offices and its stockrooms
to
decided
year.
>
On April- 27,
of
,148,460
1,448,666
Net
-
modern
$18
..
Pow-. & Lt. Corp.- in
located in Alabama, Florida,
population
and
company's
Sheet & Tin
//plan effective
~
148,460
;
to *public^_.
applicableto
/, 7*.
*
Georgia, North Carolina, South Carolina and Virginia. The stores are
located
in
the
principal retail shopping areas of their respective
communities which,
with the exception of Jacksonville and Tampa,
are
from
the SEC adopted an order approving a plan for
.recapitalization of Puget Sound Power & Light Co. and-the Commis¬
sion filed an application in the Federal District Court in Boston, Mass.,
yto enforce the terms-and provisions of the plan.
On'June 10, 1943,
the court entered an order which provided for enforcement of the
14,310,341
5)719,145
minority interests.—
*
and Coburn & Middlebrook.
stores
ranging
.one
:
-
2,444,264
.
reserve
Portion
(par $1) was offered
March 22 at $7 per share by Van Alstyne, Noel & Co.,
■Straus Securities Co., Childs, Jeffries & Thorndike, Inc.,
•Reich & Co., Ryan-Nichols & Co., R. H. Johnson & Co.
-Florida,
prices
(ll)(b)(l) of the Public Utility Holding Company Act of 1935, issued on
'July 23, 1941, directing the company to dispose of Its interest in the
32,919,172
-►'*
4,119,487
other, deductions
Balance
,
Diana Stores Corp.—^-Common Stock Offered—An issue
women's apparel stores,
the
Stockholders
//
-
9,241,635 " 27,461,029
'/
■
Transfer from franchise
*
of 80,000 shares of common stock
of 26 retail
at
1146.
p.
Divestment
-
6,289,195
income
//Net' interest
Total /
chain
of
issues,
-
9,037,250
56,250
,
!
'
■ ■
.
6,345,445r
'
'/// Company—Company, incorporated in New York in 1938, operates
:»
of
the constitutionality of the Act and the Com¬
mission's so-called, one-area interpretation of Section 11(b)(1) of the
//Act which interpretation permits the retention of public utility systems,
in addition to the single system, only if they are located in the same
State as the single system or States adjacent thereto.
Both the SEC
arid the company have applied to the U. S. Supreme Court for writs
of certiorari to bring these issues before that Court.
23,052,111
27,014,621
56(250
-
45,820,455
6,519,559
-19,168,569
,
~
shares
Engineers Public Service Co.—Annual Report—
Barnes, President states in part:
—•
[" At the next
•
50,000
D. C,
however,
5,512,821
12,387,045
1,749,996
2,621,897
nature
//portation
'
-
2,860,073
4,242,933
Other income- (net)
..
.f * This office is
A. C. Marshall,
:/
$
$
ana
Operating income
,
to be created, by amendment of the company's by-laws,
President announced. ♦
.„/.-//
time James W. Parker, now Vice-President and General
1943—12 Mos.—1942
46,448,462
6,753,973
17,611,838
13,451,119
Net oper. revenues.J_
/ Rent for lease of plants
S. Senator from
U.
of
.
petition filed Nov. 14,
1942, for a review in U. 8. Court{of Appeals for District of Columbia,
the Court on Nov. 22, 1943, set aside the orders issued by the SEC
on Sept.
16 and Oct. 6,' 1942, which directed, among other-things, that
Engineers divest itself of ownership and control within one year of
all
its
subsidiaries except Virginia Electric & Power Co.,
which if
retained, must dispose of its gas and transportation business,: and
/remanded the case to the Commission for further proceedings in accord¬
ance with its opinion.
The grounds for the reversal were, in substance1,
that Engineers was -entitled
to more time to determine whether it
■desired to retain Virginia Electric & Power Co. or Gulf States Utilities;/Co. as its single integrated system and that the interpretation of the
-Act upon which the Commission directed the divestment of the trans-
(& Subs.)—^Earnings—
$
-1,825,409
-
former OPA Administrator and
stock
common
.of.proceedings. before-SEC.
•
35,734,327 132,024,807 139,865,153
* 12,695,686
V
*
Brown,
...
'
Chairman Named, Etc.—Prentiss
/
Public Utility Holding Company Act
■'.«
W
'•••
x<
1943
$
„
taxes
-
into
Stockholders
{
I
"
,/
•
33,482,367
"Property retirement
v
depletion reserve
covering
company
See Empire
/
303,227
88,698
27,884
•
'/
10,548,453
Federalitaxes
$13,598,138 $12,804,734
4,818,886
4,759,698
——„
—______
manufacturers
,
-
109,091
36,427
"V
'•>
f
*" 1943—3 Mos—1942
Maintenance
J.,
capital stock was changed from
to $10 par.—V. 150, p. 4126,
$43615,536.$40,364,920
13,541,252
13,710,022
..
revenues
/Operation
128,206
and
charter
generators
company's
.par value of the common
/
Subsidiaries—.
Operating
the
name of this company has been changed to Empire Steel
Corp.,
according to announcement last week by James M. Hill, President.
The company discountinued tin'plate production several, years
ago,
.and, Mr. Hill pointed out, the new name more accurately describes
$149,938
38,769
2467.
Period End. Dec*31—
.<
Income
158, p.
electric
to
Empire Steel Corp.—New Name—
,1941
365,400
Electric Power & Light Corp.
i
turbines,
amendment
Empire Sheet & Tin Plate Co.—Changes Its Name and
-
operating expenses, maintenance," taxes, appropriation for re¬
(After deductions for all interest charges, amort¬
of debt discount and expense,
and other income deducions.
ization
1944
,
Gross
steam
an
Par Value of Common Shares—
•'After
:
of
to
tirement reserve, etc.
Detroit Edison Co.—Earnings—
Dec,15,
share on
per
,
413,200"
'
183,964
68,120
"
42 Months. Ended-Dec. 3L—
in 1943 and $6,983,456 in 1942.
1iLess U. S.
series) of 81,828,492 in 1943 and $1,403,960 in
notes
r-
t
and
1
$6
Increased—Acquisition—Offering of
22,
March
share.—V.* 159,
;
1942
$183,300
54,253
15,801
.
.
iv
.:;•!•
1943
$204,700
55,844
13,922
Operating revenues
V?Net operating revenues.
fNet income /_'
-amortization of $7,320,228
-Treasury
:*
-
the
; vertible
./■--/
.
Duquesne Light Co.—Earnings—
(Less reserve
and
depreciation
for
reserve
588,500
railway
'
/•
1944 ■ *
$334,600
"
114,753
49,522
Net1 ry.; oper. 4ncomei__
.
Oct.
The
from "raUway2_i__;_
—V. 159, p. 934.
i'-
"
Net ry.-oper. lncome___
From Jan. 1—
.
706,162
1,635,329
____
at cost.
profits
.
Gross
376,590
.
706,162
—
Treasury stock
on
Duluth Winnipeg & Pacific Ry.—Earnings—
'
1,451,395
1,451,395
376,590
■
Earned surplus
418,676
.
-
jholders of record April lO.^V.'150, p. 2095.
433,613
507,507
—,
expenses—
made
was
Drewrys, Limited, U. S« A., Incw South Bend, Ind.—^
zZ<iZ:/,Z-X/
$1,000,962
■
1,
1942—of
In
preferred stock,
and
-public offering is expected at an early date. The new preferred stock
.will be entitled to dividends of 5 Vz'/o per annum and will be cori-
Carleton ,S.:Smith on. March 16 announced that-the directors, have
declared a dividend of five cents per share, payable April 25 to stock-
$10,943,909 $10,074,778
—__
July
1,
made
F. Eberstadt & Co., have entered into an underwriting agreement
similar distribution was
a
.Initial Dividend—
___'
Total',-
•
manufacturers
.with
employees;actively .employed by the company on March 31... 1944.
nine and' twelve
.made.—V. 158/p. 2251.
1
•Stock
held
i
2,893,164
:
charges—
those
Three,
674,933
__
equipment..
record'• March
.their; first'quarter's-compensation
2,258,165
2,979,792'
i
and
Good will___
assets...;
•
April
was
.
.
$908,246
on
payment
one
Acquisition of The Roto Co., of Newark, N.
/tube cleaners/ also was favorably acted upon.
(Joseph) Dixon Crucible Co.—-75-Cent Dividend—
■
disbursed
was
Only
[was adopted authorizing the issuance of 77,252 shares ($50 par) cumulative preferred 'stock. //"■';//. // -/////v/',/,///"-■
Sept.* 30 and' Dec.' 23^1ast;# as. against, $1, pw share disbursed In previ¬
ous quarters.
'
*
*'
*
The 'directors also declared a wage and Salary dividend of 6%' of
1942 ;
.'U.!S. and Canadian Government obligations
"Notes and accounts receivable
Investments and other
not being offered
are
/ /
holders " of
1943
amount
year.
leading
839.
p.
9,469
102.038
Co.—To Pay $1.50 Dividend—
motors,
The directors on' March 20 declared a dividend of 75 cents per share
on
the
outstanding
$5,000,000 capital stock, payable March 31 to
1943,';
Comparative Consolidated Balance Sheet, Dec. 31
Assets—
Tf-Cash
159",
10,269
92,569
Percent
10,443
85,183
'
95,452
Co.__
Amount
At the annual meeting of stockholders of the company, one of the
/
2Q0
2,000
registered-and
1943
171,875
f; Preferred—
'
$0.91
$1.14
profits,-estimated.
excess
Light
&
Elliott Co.-
;
200
&
Co
haver not been
warrants
Power
——Increase—-;-
1944
182,318
200
300
'
$456,496; 1942, $505,336.
;
^The
.
Bradford
C.
last
*
^Including. provision for possible refund of
Note—Depreciation
31,487
■■
.
300
r
3,000
90.
,
464,142
■
shar»__u_,i_______/____
common
$639390
i
J.
—Thousands of Kilowatt-Hours—-
11'
200
2,0QO
Co., Inc.__
3,000
Inc.
,'
Dempsey-Detmer &
Net
2,000
.
client
and
Sept. 15,—V. 158, p. 2251.
■,
2,000
Irving J. Rice & Co.
Lloyd D. Fernald &
400
of
Corp.
on
March 21 declared a dividend of $1.50 per share
capital stock,payable March 31 to holders of record March 24.
like
A
v:
500
/
inputs
directors
the
on
300
Mead, Irvine & Co.
Johnston, Lemon &
■
25,000
_
Courts & Co.__
500
Taussig, Day. & Co.,
1,702,316
2,500.483
850
3,100
V-Kbrook..,-c/___/i-_/. 4,000
System
the
Power & Light
Electric
*
Edwards Mfg.
The
/ 8,500
_
R. H. Johnson & Co.
$2,389,929
25,635
________
Other deductions
&
Ryan-Nichols & Co.
Light Co.,
not appearing in both periods,—V. 159, p. 1146.
r:
300
Co.___7,000
5,000
Thorndike, Inc.
.Reich
28,430
33,461'
'•*
;•
$2,232^544
132;418
Other operating income.
.Other
Input—
rants
McAlister, Smith &
'
.
the
received
wages
&
Co., Inc
1,000
distribu¬
a
The above figures do not include the system inputs of any
/
War¬
Shares
Name
Barrett
&
/ Electric Power & Light Corp.i_
*N0. Of
■.
made
by
the last, five calendar years.
Of the total, $1,the Rochester (N. Y.) plants.
during
Power
/National
shares
.
Alstyne,
-
has
of its employees in
paid to 26,715 employees In
Operating subsidiaries of:
/American Power & Light Co.—'
purchased by
No. of
No, of
it
to 38,316
v ./■- /
•/'./"'
;
respective
the
that
announced
dividends
/tional Power & Light .Co.y as compared with, the corresponding week
'during 1943 were as follows:
the
or
..'"No. of
War-/
,
,
-"r &..CO.15,000
':
"
™
13
wage
/[operating companies of Ebasco Services, Inc., which are subsidiaries of
'
,.j|s
March
on
The basis of the dividend is 87.50 per $1,000 of
"• f /
■
.
Van
4,094,108/
4,149,949
,
-
Name
v'
$19,179,470 $17,223,336
11,957,894
10,896,684
exp.__
Jan. 26,
on
Co.,
/each, are as follows:;
»
1942
1943
company
tion of $2,075,069 in
//western hemisphere.
Trust
Trust
be sold to the underwriters.
to
are
present
any
number of shares of
i
(& Subs.)—Earnings—.
Years Ended Dec. 31—
Sales, less returns- and allowances—:.—
'Cost.-,of products sold
i
Midland
Marine
Greenbuig, President, director and stockholder, at and for
price, of 10c, per .warrant, share.
Warrants to purchase -20,000
i
V'
is
Manufacturers
:;//"/'/; //:/>.■/;.'./.
'/Underwriters—The
.
troit, Chicago,. Worcester, Mass., And. Xyndhurst, N. J.—V. 158, p; 1346.
Dennison Manufacturing Co.
is
.offering to
/ public, any 'of said /warrants or' the shares purchasable thereunder.
Cleveland! De¬
in
are
stock
registrar
: -' /
.they do not -.have
principal offiices in Cleveland. " It
in the country.
the
The
,
•.Greenburg and the underwriters, who have purchased or agreed* to pur"chase said warrants from the company, have informed the company
Detroit.
has
/'•
.shares of .common stock
steel
also sells
producers and
York.[
foi-the common
and
Eastman Kodak Co.—Large Wage Dividend—
to time,
as
conditions
advisable. /.;/.. .T
Harry
•the
a
parent
;
<
The
.!
*
i
$806,030 of debentures../
York,
especially
purposes,
time
it
, was
authorized to issue warrants entitling the holders thereof to
V. 159, p. 1146. /•'
/
[purchase at $7 per share on or before Feb. 1, 1947, 40,000 shares
: of
common
stock.Vj
v
' '
r./ Of 'tlie above-mentioned warrants to purchase 40,000 shares of tbie
/
Ebasco Services Inc.—Weekly
•{common-stock, warrants to purchase 20,000 shares have been sold
•/ For the week ended March' 16, 1944,
<;
common
New
New
corporate
from
considers
v/Warrants—By action of the directors
•
share of $2 par common stock held. ;
•
The new company would have outstanding 411,991 shares of $2 par
;
transfer.-agent
general
stores
and the management
of
Co.
'
principal amount of 6%
share of new $2 par commoh
stock held.
par
The
■
par
Stockholders of Detroit Steel would receive $10
'♦stock for
opening, of ^additional
/.warrant
both companies.
shares of
outstanding
'and be. available for
cqmpany
H the
would
Corp.
./'•''//"'//•'
'
•
The
common
■
of
name
was
a,
/'
negotiated
gain
of
S180.S01,
which
was
credited to
with the Mayor and City Counsel of the
City of El Paso (Texas) .a contract for the sale.to the City of the
entire common stock of El Paso Electric Co.
<Del.) for $6,947,571i
plus certain adjustments, including net current assets, subject to
_
The
company
Comparative Consolidated Balance Sheet, Dec. 31
1943, the
voters. At a special election in October,
rejected the contract,
On Dec. 31, 1943, El Paso Electric Co. (Texas) sold its transporta¬
tion and
bridge properties, including related materials and supplies,
approval by the
1943
voters
aggregate
an
investment
segregated on its books, studies disclosed
sale represented substantially the cost of
therefore the full amount was credited to
The company owned at Dec. 31, 1943,
that the proceeds from
2,530,019
239,814
6,538,717
1,174,983
209,102
7,166,889
543,181
1
— -i.———t
Unamortized debt discount and expense
■_
Federal excess profits tax—
debits——
Post-war refund of
deferred
Other
Total
its preferred
1,909,968
companies--—34,609,958
62,380
debt——,
87,755,000
Bonds, due within year
11,000
Notes payable to hanks, due within year-—'
1,910,000
Accounts payable
i——______—
1,793,449
26,357
859,776
14,004,964
.
847,171
26,357
866,438
11,852,959
860,310
320,804
1,708,738
446,785
75,483
Co.
operation. .
which involves
Customers'
Application has been made to all governmental
authorities having jurisdiction for authorization of the merger plan.
Preliminary approvals have been received from the State Commissions
of Virginia, West Virginia and North Carolina.
Formal hearings have
been-held before a trial examiner of the SEC and an oral argument
before the Commission has been set for March 30.
Application is also
Commission.
Comparative Income Statement '(Parent Company Only)
1943
1942
revenues$4,025,940 $2,809,854
■:
':V
Gross
236,870
_
Other taxes—
:
—
;
___
,
30,234,268
891,371
644.044
■Other
reserves—.,——
1,252
Minority
interests
in
Balance
Balance
$3,574,108
2,256,084
—$1,318,024
stock
—_
share
Earnings per common
Assets—
investments—_—_
Special fund
—
92,000
at cost
U, S. certificates of indebtedness,
receivable
Accounts
Interest and dividends
stock—.,
1
accrued
—
liabilities
_
prior
2,797
15,161,140
surplus
Total
14.932,140
4,506,367
years-—
surplus——————
Earned
—
3,480,525
for income taxes of
Capital
$41,801,500 $4-1,801,500
1,909,968
1,909,968
6,307
10,539
225,611
173,699
109,318
47,129
—
—
payable—
current
Reserve
271
14,138
1
stock
Accounts
2,000,000
$62,697,166 $63,381,342
—
Common
5,758,999
140,000
receivable—17,201
—
—
25,257
Total
Preferred
8,090,566
163,000
_■
Deferred charges-——
Liabilities—
92,000
2,000,000
——_—_
cost
tax notes, at
U. 3. Treasury
Other
$0.06
(Parent Company Only)
1943
1942
$52,309,143 $55,375,933
_
Cash in banks and on hand-———.
Taxes
$0.69
—~
Comparative Balance Sheet, Dec. 31
.
$115,841
—
Balance for common
Total
$2,371,925
2,256,084
_
dividends
Preferred
$2,372,002
77
—
——__
$62,697,166 $63,381,342
'
•
$59,570,893 $51,179,978
Operating revenues——
Operation ———
Maintenance
21,779,279
_
Federal income
Federal excess
Net
3,788,586
3,487,520
5,243,568
2,874,732
2,994,993
taxes—
—
6,544 627
4.344I751
$11,592,158 $10,479,556
•
141,627
Dr344,974
operating revenues—
Other income, net
9,287,119
4,723,900
profits taxes———.
taxes—:
Other
18,205,222
5,404,858
——__
——
Depreciation
.
•
Balance
dividend
Preferred
3,871,203
requirements—
—_
$5,717,971
Balance
Amount
2J44i611
72,836
The
applic. to Engineers Pub. Serv. Co
Amortization of discount applicable to bonds of
205,747
20,064,398
subs.
owned by
co.
Earnings from
Preferred
declared
Interest
'
63J37
183,621
Total
—
Divs.
on
451,833
...
to stocks of Eng. Pub. Serv.
pfd. stock of Eng. Pub. Serv. Co
Balance
Balance
applic.
for
Earnings per
common
common
stock
share
and
$4,493,105
$6,046,957
___
taxes and interest— J
surplus
__
1
authorized the listing of 60,000
stock, cumulative (par $100),
for,-
Corp.—Annual Report—
Dwight R. G. Palmer, President, states that during 1943, the demands
the armed services on company's facilities increased
rather than
diminished.
Production of wire and cable
in substantial quantities
of
ever-changing design kept the plants operating on a three-shift,
basis.
Stringency
in
the availability of numerous raw
and in
inadequacy of labor supply and the need for operating
schools for thousands of new employees, coupled with con¬
on
its organanization by the Selective Service System
:
corporation lias, purchased: all . the ^capital stock of American
of:-. 4.314 common shares of qo .par, at
statement Jiled with Securities apd Exchange Commission.—-V. 158, p. 1531.
>
:. // 1
-.-l.
■
■ :
• -z '.:.-■"v
; ■/ :
Fansteel Metallurgical Corp. <4&. Subs.)—-Earnings—r
The
Paper Bottle Co/t consisting
$160 a share,: according to a
■
.
1943
1942
$3,819,123
3,072,358
$1,887,059
1,466,001
$746,765
$421,059
Calendar Years—
Consolidated net profits before Federal taxes
Federal Income and
excess
profits taxes—
Consolidated net profits after all
provided
taxes——
For
subsequent
started.:
periods,
//■
renegotiation proceedings have thus
no
experimentation
items
as
rubber.
%
!
F.
James
elected
;
Aiy opportunity 'presented- itself during1-the year for a
class B common stock of Canada Wire & Cable Co.,
■■■t.-v'
the
-by the corporation.
Proceeds of the sale were
ito further strengthen- our financial- position.-
to peace¬
contracts, a credit agreement
through a group of our prin¬
cipal banks of deposit under which funds will be available on satis¬
factory terms up to a maximum of $25,000,000 for a period of approxi¬
mately three years.
This arrangement, commonly referred to as a V-T
loan, will enable company to bridge the period between cancellation of
war contracts and production for peace-time pursuits.
funds
that
order
In
be promptly available for return
may
upon termination of war
concluded with the Government
Comparative Income Statement for Calendar Years
-
Product
service,
adminis¬
2,075,929
348,303
and general expenses
operating charges (net)____
profit
Gross
prof,
Net
on copper
content of sales
profit.
operating
.Depreciation
Amortization
_______
and
other charges
and
of
sale
on
equipment
for Federal
profits
Net
income
of Bloomingdale's
(net)—
$11,044,603 $13,743,865 $13,772,240
189,487
530,694
332,051
9,318,000
Cr541,000
—
for year—
—
$2,078,116
;
$2,786,171
331,178
1943
1942
$4,585,661
$5,648,368
8,149,012
Assets-—
Accounts receivable
Inventories
9,788,145
14,255,501
—
—
/.
;
Fixed
of
and after March 22, began
par
value 01 5%> equipment
$152.96
on
$1,000
each
certificates, series D, and appurtenant
represents
receivers
sented
to
warrants,
the
of
proceeds
net
this. road
The
New
on
York
of
the
Dec.
Trust
Patents and
if
any,
maturing July
1,
Liabilities—
Accrued
U943
$25,915,000
___!
Sales
Reserves
First
""Capital stock
•Capital surplus
437,930
$5,595,123
2,256,084
$4,055,174
2,256,084
$3,339,040
$1,799,090
$1.75
$0.94
6,987,882
-
—
$47,785,569 $48,162,943
of 150,000 shares 7% cumulative preferred stock (par
shares (no par) class A stock at stated value of $2 per ——
306,689
7,684,820
—
—
(no par) common
share.—V. 159, p. 350.
stock at stated value of $1
.
736,182
-
General
Motors
Corp.—Chevrolet New P&W Assign¬
of
Pratt and Whitney aircraft
by the Army Air Forces, it
*
Foster Wheeler
The
annual
to
meeting
allow
by
Corp.—Meeting Delayed—
scheduled for
March 27
will be adjourned to
sufficient time before the meeting for
stockholders
a
new,
engiqe has been
Chevrolet
was announced
Coyle, General Manager of the Chevrolet Motor Division
and Vice President of General Motors Corp,
He said that "we have
scheduled the start of production in approximately seven months."
assigned
April 24
///z
ment—
Production
M.
E.
to
.
2,658,960
556,000
5,762,755
4,547,976
bonds.————3,544,0004,420,000
;
———.—
16,285,236 16,285,236
'
:
—
2,198,875
2,198,875
share, and 671,858 shares
per
z
'2,145,402
576,000
surplus
Earned
$7,294,237 $9,068,426
2,294,244
1,439,588
tax
S. Treasury
U.
—
mortgage
"■Consisting
254,795
Earn, per common share
—:
<
$1.72
$0.60
After reserve for contingencies and provision for estimated Federal
income
and
excecs
profits
taxes,
tlncludes earnings of recently
acquired Niagara Sprayer & Chemical Co.—V. 159, p. 1039.
_/
earnings
(less
sinking funds due within one year
$100);
1942
$5,525,000
tax
savings notes)
Total
(& Subs.)—Earnings—
———-
expenses
income
Bond
be pre¬
dividend
and subsequently.—V. 159,
3 Mos. Ended Dec. 31—
*Net
payable
Federal
dividend claims. This payment
obtained against the
1937,
4,286,096
1.100,131
14,994,972
■
245,416
1.
$47,785,569 $48,162,943
Total
judgment
1, 1943.
Certificates should
Co., with all appurtenant
(less reserves)—
Z———
bond premium and expense.
goodwill
—————
,
'
distribution
trust gold
934.
Food Machinery Corp.
.
assets
Unamortized
Ry.—Payment on Certificates—
York Trust Co., on
'
Other assets
■
Florida East Coast
300,864
2,821,860
1,590,842
14,307,144
158,043
1
(Accounts
The New
13,438,083
278,372
,
Investments
V. 159,
$3,937,921
$2,136,171
Balance Sheet, Deo. 81 v •
Cash
735.
p.
—__
650,000
$1^746,938
Surplus
—
—
8,760,000
11,177,000
0750,000
,
Inc.—New Director—
Securities Dealers.
of
Association
National
742,268
______
and
income
Appropriated for inventory reserve_
Net loss cn sale of Canada Wire &
Cable Co,, Ltd., securities
Secondary Offering—
Paine, Webber, Jackson & Curtis and The First1 Boston
' Corp. on March 20 effected a secondary distribution of
13,562 shares of 4%% cumulative preferred stock (par
$100) at 103V2, less $1.50 commission to members of the
(William) Filene's Sons Co.
/ 249,981
$12,912,479 $15,435,341 $14,863,971
807,853
838,723
912,070
1,060,023
852,753
179,661
taxes____
credit—/
tax
Post-war
X,885,053
2,224,695
619,926
properties
excess
Provision
excess
•
$12,890,040 $15,121,579 $14,807,649
22,439
313,762
56,322
_„1
operating profit
Net
Interest
Loss
1
$15,314,272 $17,966,200 $16,942,683
sales__
selling,
trative
Other
1941
1942
1943
profit on
Gross
Brothers, Inc., has been
Michael Schaat, Chairboard, who resigned.—V. 159, p. 214.
board
cash/sale of
Ltd., owned
added to working capital.,
time operation
has been
President of Bloomingdale
of directors, succeeding
Schoff,
the
to
- •
the'year was $10,855,115 after prevision
for
Comparative Condensed
Federated Department Stores,
••
■
,
for all known
amortization of
Federal income
and excess1; profits taxes for the year were estimated at $9,660,000,
tagfaihst-which an immediate debt retirement-credit of $342,000 was
'available,-and a further credit of $541,000 will be available after the
war,-resulting in a net profit of $2,078,116 for the year.
This was
'at-a rate of approximately 1.95%
on sales and compared with a net
profit of $2,786,171 in 1942 at a rate of approximately 2.92% on sales,
far
(at market),
for losses of
interest
consumed
including-reserves against depreciation and
facilities but before provision for Federal taxes.
war
31, 1943
$500,974; XI. S. Treasury bonds;
$1,995,116; accounts and notes
receivable
(less reserve
$40,000), $1,340,757; inventories,
$2,609,570;
investments, $301,161; fixed assets (less reserve for de¬
preciation of $764,554), $868,642; prepaid expenses, $108,626; post-war
refund of "excess profits tax bonds", $404,653; goodwill, trade names,
trade-marks, patents, etc., $1; total assets, $8,129,502.
Liabilities—Accounts payable-r—Trade creditors, $317,888/ VascoloyRarnet Corp., $1,456;
sundry creditors, $2,348; customers' credit bal¬
ances, $60,439; due U. S. Government
(Defense Plant Corp.), $65,305;
payrolls and commissions accrued, $56,045; rent due U. S. Government
(Defense Plant Corp.), $81,214; capital stock and miscellaneous taxes
accrued,
$81,050;
royalties and sundry accruals, $12,437;
accrued
Federkl income and excess profits
taxes—current year, $3,072,358;
Social Security Act and withholding taxes accrued, $84,950; reserve for
post-War adjustments, $704,653; preferred stock (6,524 shares, no par),
$587,160; common stock (260,000 shares, no par), $1,302,600; surplus,
$1,699,598; total, $8,129,502.—V. 158, p. 9251
accrued
are
years
expenses,
Assets—-Cash on hand and in banks,
1
Ordinarily
and
'
Net
Consolidated Balance Sheet, Dec.
and
such
for
development for such change-overs, but the
urgency of war permitted no such period.
In some cases only 30 or 60
.days were available.
Contributions made by the various technical
committees, and their directing heads, plus the fine work done by the
producers of raw materials, permitted company to perform thi?" sub¬
stantial'-task without material reduction in production of any known
in
.,
period from April 28, 1942, to Dec. 31, 1942, renegotiation
proceedings were concluded without any refund being required from
the company or its consolidated subsidiaries.
In the case of VascoloyRamet Corp.,
renegotiation proceedings resulted in a refund to the
United States Government amounting to $111,813
(after adjustment
of Federal taxes) for the period from April 28, 1942, to Aug. 31, 1942.
shift to
the
the
For
been
.challenge to every member Of the organization.
major"production problems was the necessary
a
of
One
substitutes
Income
Corp.—Acquisition—
Ex-Cel-0
It
inroads
stant
.
Expenses,
.
York has been appointed co-transfer
V. 159, p. 1146.
fsacrifice of, product performance. -
General Sales Manager, has been elected a
Vice-President.
He will act principally, as coordinator for the com¬
pany.
Julian J. Frey-of/Detroit,- formerly Manager/of the Technical
Service
Department,- will succeed' him as' General Sales Manager.
—V. 158, p. -770.
•
•
...
41
49,999
224,145
Earnings from other sources—.
preferred
655,273 shares of common stock applied
training
Massachusetts.—Div.—
Vice-President—
Ethyl Corp.—New
,'/>'•
70,440
—_
Exchange has
convertible
4V3%
of
General Cable
v
Cars—
of (20 cents per
dividend
p.
49,999
;
full 'redemption, price.
seven-day
Harry W. Kaley, formerly
$4,195,707
parent co. deducted above
subs,, incl. as deducts, above:
dividends
May ,22 at $108.62Va,
called, for redemption on
Stock
York
New
total of
11,291,694
share has been declared on the capital
stock, payable March 30 to holders of record March 23. Distributions
during the year 1943 were as follow: March 30,-20 cents; June 29 and
Sept. 29, 25 cents each:; and Dec. 30, •!55'.©B|it$.~V,- 158,'p. 2579. "
' v
18,587
$5,702,373
has
,
agent for the stock of the above company.-
„
Balance
'
Preferred Stock—
official notice of issuance; and 150,000 additional shares of com¬
mon
stock
(par $1), on official notice of issuance pursuant to the
conversion of shares of AVz'fc
convertible preferred stock, making a
257,111,107 250,794,487
——
Equitable Investment Corp. of
A
$4,214,294
15,598
applicable to minority interests———
. •
upon
March 22 announced placing an order for -600 new
50-ton hopper cars with the Greenville Steel Car Co., Greenville, Pa.,
at an estimated total cost ot $l,620,000.-^Vj 159, p. ; 1146.
3,775,677
2,144,611
,n:
./
$18,946
840.
p.
company.-,
shares
4,350,471
12,701,846
Erie RR. Co.—Orders 600 Hopper
$11,733,785 $10,134,582
,
„
amortization
and
'■■■■ n..!,....
Dr$l,059
Listing of Stpcks-^-
This company, on
I
Interest
...
■
,
charges
Prepaid expenses
1942
1943
Calendar Years—
* ~'U*'
T,''u!:
'
certificates at' ariy time and receive the
-
19,661,146
-
mand
Comparative Combined Income Statement of Subsidiary Companies
12,704
21,800
;
,,
materials,
9,413
$3,574,168
61
—
—
_______
•■■-.354
$33,396
1,746
•
including accrued dividends of $!.12Va, its 5% convertible preferred
stock, of which 31,975 shares (par $100 each) were outstanding Dec. 31,
1943.
The right to convert the preferred shares into common stock
cn the basis of 2.777 common shares for each 5%
preferred share will
cease at the close of business May
21.
Holders may surrender their
1039.
159, p.
income.
from
(t)
\
'
The
$33,042
stocks and surplus
com.
Total
,/
I(-
The Guaranty Trust Co. of New
Capital surplus
Earned surplus
—V.
159,
Renegotiation
Interest
deductions
charges
_! A;'
$21,759
1,018
,
Fruehauf Trailer Co.—Calls 5%
reserve
subsidiary companies
—:
of
—
*
1,252
-
for depreciation in
value of investments in subsidiaries
i—;
company's
Parent
—V.
27,223,301
843,407
4,350,471
taxes of prior years.
for income
Reserve
145,009
14,903
Federal income taxes
:
283,440
200,000
Expenses
313,141
1,644,276
895,213
109,720
Depreciation reserves
—
—_
Reserve for injury and damage claims—______
Co.
pending before the Federal Power
'
__
„
—
OtheY deferred credits—
debt of the
boards of
Virginia
Service
liabilities
premium less expense on bonds.—
advances for. construction.
Unamortized
gineers of $5,000,000 and a reduction of $7,000,000 in the
merged companies, has been approved by the respective
directors
of Engineers, Virginia Electric & Power Co. and
Public
current
Other
estimated investment by En¬
an
—
Interest accrued
Plan, for: Further
plan,
i__
deposits——
accrued—
Taxes
Virginia Public Service Co, by Merger
In view of the close geographical relationship between the properties
of Virginia Electric & Power Co., Engineers'
largest subsidiary, and
Virginia Public Service Co., a company in the General Gas & Electric
Corp. group., the merger of Virginia Public Service Co. into Virginia
Electric & Power Co. has been proposed to secure the benefits of the
greater efficiency and economy which can be attained under unified
merger
declared
Dividends
"Customers'
of
Proposed Acquisition of
The
stock of subs. cos.
pfd.
3,117
:Dr975»
$21,677
■■■■.■■■
^
44,026
82
Income after fixed
89,676,000
11,000
1,410,000
1,175,432
_•—
discount on
Total long-term
Disposition
If the outcome of the present litigation shall make it necessary or
desirable to do so, it is hoped that it will be possible to develop a
plan under Section 11(e) which will meet with the approval of the
SEC under which Engineers' interest in Gulf Stages Utilities Co. and
El
Paso
Electric Co.
(Texas) would be distributed to its security
holders through liquidating holding companies,
the preferred stocks
of which would be distributed to the
preferred stockholders of En¬
gineers and the common stocks of which would be distributed to the
common stockholders of Engineers.
The net income of such liquidating
holding companies would be used exclusively for payment of preferred
dividends and
retirement of their preferred stock.
The remaining
smaller properties would be disposed of by sales when such sales could
be made on an advantageous basis and the proceeds from such sales
would be devoted to
the retirement of the preferred stock of the
liquidating holding companies.
When the preferred stocks of such
holding companies had been entirely retired the common stock of their
subsidiaries would be distributed pro rata in liquidation to their com¬
mon
stockholders.
Upon establishment of such liquidating holding
companies the mutual service company, located in New York, would
be dissolved.
As soon as the present tax advantage of maintaining
Engineers as the parent of Virginia Electric & Power Co. had dis¬
appeared Engineers would then proceed to liquidate in the same
manner as that proposed for the liquidating holding companies
over
Gulf States Utilities Co. and El Paso Electric Co. (Texas).
ownership and
operating income!
income
\i]
K
—
——
fixed
Total
>
47,259
3,189
Drl.012;
;
•
income
Total
1,909,968
34,610,064
62,380
stock—
and
Prem.
1944 /// 1943
$73,136
$81,157
■
t
<
accruals__»_____:
Net; (railway
Other
41,801,500
————
Preferred stock of subsidiary
,>
revenues—
■expenses'-t:^__*i_r,___UJT-,^-
rents
Net
207,815
41,801,500
Common
the offer. On
invitation for
price
$427,975, the
'
: Railway'tax
254,522
Liabilities—
preferred stock had advanced to a value beyond that of
March 2, 1944, the company sold for cash, pursuant to
bids, its holdings of El Paso Natural Gas Co. common stock at a
of $1,523,300.
Since the investment of Engineers' was
result was a gain of $1,095,325, which was reflected in the charges
to
earned surplus creating the reserve set up in December, 1943, to
,
20,920
3,597,606
»
Preferred stock
for
because,
the sale of this stock and the stock
Railway operating
257,111,107 250,794,487
—
——
$2.40
provide for the net effect of
Puget Sound Power & Light
71,387
.
railway. operating
Total
Miscellaneous
Dividends of
of the common stock of El Paso Natural Gas Co.
per share were received on this stock in 1942 and 1943.
Com¬
pany in September,
1943, made an exchange offer' to
stockholders whereby two shares of El Paso Natural Gas Co. conjimon
stock, plus varying amounts of cash, were offered in exchange
preferred stock of Engineers.
The offer was withdrawn
before the exchange could be effected, the market price of Engineers
Gloversville RR.—Earnings— \
Month of January—v
2,973,914
"'Prepayments
the
10,638,806
10,934,264
Materials and supplies—.
the Juarez investment and
the investment account.
51,357 shares, or less than
9%,
less reserves
receivable,
Accounts
-
10,060,000
—_—_i_ '-' 870,683
______—_
11,688
3,443,859
securities, at cost
—_____-L
and warrants receivable
U. S. Treasury
Special deposits
Notes
17,189,068
/
hand--
Fonda, Johnstown &
93,350
94,663
funds
in banks and on
Cash
man-power
•"accounts, it was explained.—V. 158, p.
1214,748,513 214,291,831
plant and other investments———
Total
Special
price of $828,086. These assets had been carried, on
the books of El Paso Electric Co. (Texas) at $2,123,094/ The difference
was charged to depreciation reserve.
On the same date El Paso Elec¬
tric Co.
(Del.) sold the entire capital stock of El Paso and Juarez
Traction
Co., for an aggregate price of $370,883, subject to audit
adjustment for changes in net current assets.
While the
of El Paso Electric Co. (Del.) as between its two subsidiaries was not
for
The
holders.
1942
statements, the company has advised its stock¬
shortage has delayed the annual audit of
1857.'
••
,'-u
'■•• .v
the financial,
to have
.
-if:
^
Monday, March 27, 1944
COMMERCIAL & FINANCIAL CHRONICLE
THE
1250
Volume
1251
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4267
159
«*•»
said, will be
already has
plants,
•■■""In
November,"
he
added,
"Chevrolet established a production
record, building more Pratt & Whitney engines in the one month
than any other single manufacturer in. the aircraft engine field."
At present,
17 plants in the Chevrolet manufacturing system are
allied in the Pratt and Whitney program, including units in Buffalo,
N.
Y,'; Indianapolis; Anderson and Muncie, Ind., and Detroit, Bay
City, Saginaw, and Flint, Mich.
'
'
'
'! "
production of the 14-cylinder job, Mr. Coyle
Chevrolet, according to the announcement,
Current
maintained.
built
more
33,000 of these great aircraft power
than
A
1944
Operating
reduced
in
A similar reserve of $17,000,000 was set
result'of contract "renegotiation" for that year
the year
to
1943
Federal
for
$2,553,137.
income and
estimated
the
of
of
arid
than
five
Motors
is
operating
figures indicate in some measure the physical problem
Involved in reorganization when the time comes to resume the manu¬
facture of civilian products.
v>."As .affecting the disposal of plants now being operated but not
pwned by General Motors, it would be most constructive if the Dovern-"
ment could
establish policies and outline procedures at the earliest
possible date.
It would then be possible to determine to what extent,
i£>. any, these plants can be integrated into the corporation's post-war
expansion plans.
•/"In
addition, government-owned machine tools present a problem,
particularly where they are intermingled with machine tools owned
by General Motors.
Disposition must be made of these thousands of
machine tools
before plants can be cleared for the post-war reestablishment of normal manufacturing operations.
sold.
These
Dec.
On
products
peacetime machine tools which were sold to
other
producers were key machines.
They must be replaced or
recovered before the production of peacetime goods can get started.
In addition, wartime developments have paved the way for new types
Of equipment for post-war use.
.
"General Motors has on hand about $500,000,000 of wartime inven¬
"Many
of
3,100
the
and raw materials.
Practically none
of the work in process and only a limited part of the raw material
will
have
any
value in
the corporation's peacetime manufacture.
Almost ali of this inventory must be removed from the plants before
new
stocks of
material' required for peactime production can be
work
mostly
tories,
in
•''General
the
Motors
is
to make
prepared
of
period
post-war
approximately
an
aggregate expenditure in
$500,000,000.
the
share
record April 10, A dis¬
made on Jan. 25, last, and on
No other payments have been
was
armed
the
increased its output of
civilian needs by
effect to substantial
company
and
services
essential
for
_
largest responsibility entrusted to any company.
the Government three oi these plants with a
the
was
,
,
operates .for
to absorb its : effect,
Renegotiation of war
the year 1943 has not been completed.
V-Loan agreement was arranged during the year with
certain
financial
institutions,
providing,
during
the period ending
Aug. 31, 1946,' a revolving credit of $5o,000,000 to finance war busi¬
ness.
During the last half of the year the company borrowed and
repaid $15,000,000 under this credit arrangement.
It is now using
A
sufficient
regulation
$20,000,000 of V-Loan funds borrowed since the year-end.
pos¬
Consolidated Income Account for
Calendar Years
and
1943
v-;
sales
Net
-"No
Account
Income
for
1943
% tax deducted)
"Other income
„-
374,408,710 238,784,372
—„
5,149,473
General
Motors
produced.
have come
Net
income
Costs, expenses & all
Other
Total
11,447,208
<
250,922,846
Income
and
44,922,846
Earned
for
226,163,684 161,125,191
11,917,774 116,072,308
84,777,321
-
—
for
war
!
surplus
Preferred
56,241,083
Earnings per common share
4,892,534
136,479,879 128,351,352 124.310,036
5,096,540
1,358,153
1,094,679
196,143,863
divs.
Cash
mon
on
stock,-.
,
—
186,657,877 186,907,004 181,645,808
.
50,427,12$
40,329,394
off
assembly
lines
since
be operated at a very low
level.
There will be a need and demand for cars to replace those
which have worn out and been eliminated during the war.
Further¬
more. by the end of 1944 only about 207*
of existing passenger Cars,
will be less than four years old, pcmpared with 40 to 50'/
in the
immediate prewar years.
Thus, the average age of the country's auto¬
mobiles will be greater than it has ever been.
Surveys indicate that
automobiles are high on the list of the public's anticipated post-war
will,
transportation .system
accordingly,
purchase."
Pay Rolls Up 54% In 1943—
53,294,446
employment of women in General Motors plants increased in
1943 to nearly 115,000, which was 31%. of the total hourly-rate force
The
the
end
of
the
year;
of 1941.'
A' total
of 85.800
.This compares with, less
than 10%
at the
end
v
emploves
of
armed forces of the United States
General Motors had entered the
at the close of 1943.—V. 159, p. 639.
Cash held
Balance
Dec.
Sheet,
$
14,521,633
r
404,279
47,568,098
notes receivable,.———
and
^
1943
63,193,298
—~
securities
and
(less reserves)
(less reserves)
——Crll4,724,349Crl03,281,710
___Crl29,197,044
Price
adjustments accrued-—
Marketable securs. deposited as
Accts.
and
to
Loans
receiv.
notes
of
Taxes
1,465,500
(less reserves)
1,927,145
5.127,922
27,338
32,000
274,076
employees for traveling expenses-
employee
Post-war
refund
tax
♦Investments
10,971,391
2,000,000
(est.)—
i
--
-
-
3,000,000
6,776,847
28,656,749 17,000,000
133,487,664 133,243,861
53,680,950
with particular reference to
shipments, employees and their earnings, taxes, and net income," are
comnared with the averages for the five-year period 1936-40. -in the
52nd annual report of the company for 1943 released to stockholders
operations of
War-time
bv
Gerard
Swope.
the
company,
President.
shipments were 4.3 times
as large.
There were 2.6 times as many employees on the company's
payroll, and their earnings were 3.8 times what they were in the
average peace-time period.
Provision for taxes payable last year was
9.2 times as large as during the pre-war period.
Net income available
for dividends in 1943, however, was^3%
less then the 1936-40 average.
The comparisons thus realistically set forth the dimensions of war¬
••
to the
In relation
1936-40 average, the 1943
time business. '
,
As
previously reported, a total of $1,360,643,350 of new business was.
during 1943, or 32% less than the record total booked during
The amount, of unfilled orders on hand at the clcse of the year
and franchises
——1
—
Liabilities—
Accounts
Other
Due
-
unpaid
Dividends
buildings, machinery and
charges to future operations
•.
•
————
110,175,971
1,330,964
10,083,729
;
—
equip.
estate,
Total
.
1,679,353
2,615,250
47,234,601
2,443,148
1,026,000
48,430;272
2,968,755
and foreign excess
; 182,726,158 164,310,303
—
—
Liabilities—
624,646
607,747
20,564,275
16,210,639
2,698,911
*
2,504,845
gProvision for Federal {ind foreign income
:
25,868,186
;
♦♦Provision for Federal and foreign income
.
and
profits taxes and renegotiation of war
excess
contract prices
and
profits taxes —
Deposits under U. S. Govt, contracts, less expenditures not yet reimbursed (contra)—^
Bank loan (2 W% )
First mortgage bonds due 1956—
Reserve for contingencies—
excess
—
—
—
61,301
—
—
14,643,387
24,773
4,571,429
27,569,000 28,279.000
8,685,947
8,000,000
Reserve for pensions
--£■ 450,000 ■•
250,000
Reserve for other purposes
—1,344,921
1,478.153
Minority stock interest in a foreign subsidiary
5,647
•. 4.842
$5 .cumulative preferred stock
24,721,860 24,721,860
ttCommon stock
44,025,837
44,025,837
—
-
—
Earned
25,905,627
surplus
Total
♦$30,689
for
reserves
in
1943;
.—
8,379,074
payable and accruals (not current)—
under war savings and other em-
29,408.790
87,000,000
77,412,867
956,494
10,083,343
8,478,959
18,987,791
182,726,158 164,310,303
—
subject to withdrawal restrictions in both years.
tLess
doubtful accounts, discounts and allowances of $1,770,605
$2,028,801
in
1942.
fLess
depreciation,
amortization and
of $53,566,694 in 1943; $49,756,657 in 1942.
llWith
foreign operations now terminated.
SLess U. S. Treasury
notes,
$45,911,465.
♦♦Less U. S. Treasury savings notes,
special
reserves
respect
to
savings
11,041
shares (no par) at $102,378,308, less
$554,470, and intangible capital
assets,
trade-marks carried in the books
$19,327,200.
ttissued
1,314,296
shares in treasury at cost,.
namely goodwill, patents and
at $57,798,001.—V. 159, p. 935.
,
,
Collections
ployee
Taxes
plans
withheld
Charles A.
Res.
(contra)
'
reserve
stock
Surplus
400,000
>——
,—
—
—
post-war adjustments &
for
6,776,847
(contra.)
employees
from
reserves
12,721,460
—
—
Coffin Foundation
Miscellaneous
§ Common
services of some 2.000 other companies
on sub-contracts involving over $400,000.000 for work that would normallv have been done in G-E plants.
Shipments
billed to customers during 1943 amounted to $1,357,»7«n.047.
comnared with $977,774,626 in
1942, an increase of 39%.
These amounts were after provision for voluntary price adjustments on
taxes-—.
affiliated companies—1—
fGeneral
during the past three years the
in 32 States have been utilized
income
items
accrued
to
Accts.
41,527,370
32,000.000
payable
11 Accrued Federal
937,013
1,691,433
reserves)—
,
'
1942.
approximately equivalent to a year's output at current production
rates and prices, Mr. Swope announced.
Sub-contracting operations were continued by General Electric, and
'
-
V
633,054,132 618,640,750
-
—
—
booked
was
iReal
Deferred
66,767,673
General Electric Co.—Annual Report—
Total
Federal
(less
—
-—
tPlant and equipment ■ l.
Patents
897,148
12,721,460
(contra)——pensions—
(contra)
plans
withheld
230,003
889,948
—__
—
charges to'income for
from employees
Deferred
1,408,000
guaranties-—
cur.
employees..;————
to
Prepaid expenses
Assets
not
of
profits taxes
51,04^762
262,549,024 269,670,815
*—
contracts
Progress collections on
refund
Post-war
179,848,800 54,521.295
129,476,725 108,007,589
—
receiv.
notes
Inventories
receivables
Accounts payable
Accrued liabilities
■'A:
$
Assets—>
Cash
1,960,960
57,469,308
24,773
733,607
HBank loans
Sheet, Dec. 31
$
12,220,930
;
314,673
37,481,672
3,476,412
to other companies and
advances
miscellaneous
$1.56
ffRestated.
Balance
1942
61,772,990
61,301
—
■
under- U. S.-Govt, contracts (contra)
Investments,
com.
$1.98
$1.95
♦Federal taxes included in "costs, expenses and all charges" item,
tAfter provision of $237,749,000 in 1943, $223,697,000 in 1942, $144,978,000 in 1941, and $54,943,000 in 1940 for total taxes.
tEstimated
post- war tax refund (credit) of $18,500,000 in 1943 and $17,000,000 in
1942, offset by provision of $18,500,000 in 1943 and $17,000,000 in 1942
for
post-war
adjustments and
contingencies not included in this
figure,
$5.72
31
Cash held in sinking fund by trustee——
c
' '
1,303,255
$7.31
_
Other accounts and notes receivable and sundry
Inventories
/
2,000,000
J 9,524,706
2,060,155
2,606,510
:
^
Assets——
146,328,483 136.479,879 128,351,352
par)$1.56
(no
-vv-
11,584,501
Marketable securities
"
-
155,809,334
shs.
845,927
Advances
500,000.
approximately
at end
year
stock
Accts.
and payrolls in -General Motors, keeping pace with
imperative war production needs, rose to new all-time high levels in
1943, Alfred P, Sloan, Jr., Chairman, disclosed on March 24.
Total
payrolls in
1943 were $1,321,999,829, an increase of 54%
over 1942, while average monthly
employment was 448,848, an increase
of 43% over the previous year.
Employment at the end of 1943 was
at
of
Marketable
Employment
,
Earn. surp.
'
V--
4,000,000
—
advances—
.
■
30,266.000
dividends
tTrade accounts
'40,33>4,52§
%
'
1943
com¬
—,
66,459,000
arid 'v'
and s
♦Cash
Total
-
;
and
—
2,060,155
42,000,000
57,197,499
45,081,458
146,328,483
1,405
1,393,354
'
-
year————————
Consolidated
ginning of year__
Reval. of invests.—
.1,236
354,914
98,241,083
13,463,762
at be¬
surp.
and
profits taxes and renegotiation of
prices, less debt retirement
credits
Provision; for Federal and foreigrv income
excess profits taxes, less debt retirement
post-war credits
Provision for contingencies—
Common dividends
tNet inc.
income
foreign
1,791,524
stock
—
'
Federal
for
1193,000,000 120,000,000
*206,000,000
year
^
charges
Profit
taxes
prof,
compahyi—:
by
contract
Prov. for Fed inc. &
excess
owned
post-war
238,081,458 177,197,499
239,475,638
.
income
premium,; dis- '
refinancing charges—2,503,971
excess
•
1,092,260,158 tt728,492,058 497,254,031 312,355.443
26,044,241
23,118,884 20,254,538
14,805,495
—_
Net inc. from sales
Other
not
:
Provision
.
Depreciation
and
count
Income applicable to a subsidiary's capital
<
chgs., except plant
depr. & financial
charges
■
Interest and amortization of debt
1940
$
tt977.774.626 679,333,760;411,938,259
billed— 1,357,780,047
sales
1941
$
1942
$
Earn, per sh. on 28,-
ever
automobiles
1942.
At that time there were about 27VL« million pas¬
senger cars in the United States, including those in hands of dealers.
It is estimated that by the end of 1944 the number of existing usable
cars
will
have been
reduced by perhaps 5,000,000.
Our individual
3,228.078
^
379,558,183 242,012,45(1
Cost of goods sold—
255,479,452 164,407,826
Selling, general and administrative expenses
34,057,209
28,013,745
Provision for depreciation and amortization--!..
5,117,900
4,613,890
Total
:
Calendar Years
-
-
$
element
It will be
passenger
$
(discounts, transportation and excise
—
time
February,
1942
$
"
:.
-
automobiles
Mpi
contract prices for
and must still be,
is,
the
1942, were
for
of living."
way
This includes
applied to the war production
involved in developing and engineering a
new
product.
verv important from the standpoint both
of employment and of meeting the needs of civilian transportation
that, when the Army and Navy release facilities, there be the minimum
of
delay- in resuming production of automobiles.
Accordingly, the
first cars produced will be modified versions, fundamentally speaking,
of those in production before Pearl Harbor, recognized as the finest
or
■.■•'.•,.% - ■'/% .v.; ' %
June 30, 1943, renegotiation of war contract prices for the year 1942
had been completed at that time, and reserves provided in the accounts
during 1943 wherever it was
American
for
which currently
job
•v1.-. • V > -J
total annual rated capacity of 165,000 long tons.
As announced in the report to stockholders for the half year ended
possible to do so without inter¬
fering with war production.
By the adoption of such programs, which
provide for the development of new materials, new products, a ncl
better methods, and the improving and broadening of established linos
of business, the company hopes to be able to continue the full utiliza¬
tion of its facilities and man-power in supplying the demand for- those
electrical goods and services which contribute so importantly to the
the cost of expansion, reconversion, the modernization
of existing equipment and retooling for post-war products.
"Much
comment
with
regard to the so-called post-war car has
failed to take into
account either the hish degree of concentration
provision
'
'
Goodrich Co.—-Annual Report-
for
,
Company
process
accumulated.
per
its greater capacity,
assignment
the report, that "the efforts of the com¬
been coordinated in preparation for
.
:
cents
,
management groups have
resumption of regular commercial activities as promptly as
sible at the conclusion of the war.
These efforts were continued
the
intensified
•••:..
.
dividend of 25 cents per share on the
a
during the past year.
This plant has met and is meeting the
demands placed upon it by the Government.
In record of
safety, in quality of product, and in cost of operation, the performance
of this plant has been outstanding.
.
;
By the end of 1943 company had completed the engineering and
construction of all the synthetic rubber producing plants assigned to
it under the Government program.
These plants have a rated capacity
of 255,000 long tons out of the country's total scheduled annual pro¬
duction of 705,000 long tons of butadiene-type synthetic rubber.
This
there was a record total of 175,290 employees on
in
per
production
company's payroll, of which 39% were women.
Total earnings of
employees aggregated $471,650,000, an increase of 23% over 1942.
The
average annual
earnings per employee amounted to $2,756 in 1943,
compared with $2,730 in 1942, and were the highest in- the com¬
pany's
cents
ated
the
pany's history.
Mr. Swope reiterated,
20
voluntary price reductions.
One of the country's largest bomb Rnd shell loading plants, which,
as
previously reported, was constructed for the Government during
1942 by Lone Star Defense Corp., a subsidiary, was successfully oper¬
is
1943,
of
in terms of dollar volume—this after giving
56.8%
years.
31,
dividend
April 20 to holders of record
the following dividends; 25 cents
'. '•
declared
have
15
(B. F.)
.
in the United States 99 of its own
plants which have a total of approximately 77,000,000 square feet of
floor space,
and, in addition,
16 government-owned plants totaling
approximately 12,000,000 square feet of floor space.
These plants,
contain a total of approximately 130.000 machine tools in use on wax¬
work and other authorized products, of which 69,000 belong to General
Motors.
In addition; 17,000 machine tools for which no Wartime use
was found
are
in storage.
Some 3,100 peacetime machines have been
"General
quarterly
a
payable
Sept. 10 and Dec. 10, 1943.
this issue.—V. 158, p. 2580.
utilizing
Government
by
of
10,
made on
an
being or will be amortized over a period cf not
During the same four-year period expenditures
agencies for war production facilities leased to the
company aggregated
about $139,672,000 and the total completed cost
pf these facilities will be about $153,397,000.
Most of these facilities
are owned by
the Defense; Plant Corporation.
more
%
stock,. payable April 25 to holders of
tribution
commitments were outstanding for an additional
a total of approximately $116,000,000.
Of this
year
$53,000,000
stock,
'•
June
$11,000,000,
total
' %• •■•
;
.
30, and 45 cents on Dec. 11.—V, 158, p. 2580.
common
plant and equipment at the end of 1943 was $272,825,139,
and was carried at a net book value of $53,680,950.
Plant and equip¬
ment added during 1943 by General Electric amounted to $13,595,673.
During the four years ended with 1943 the company expended $104,867,051 for expansion or equipment of its plant facilities, and at the
amount
declared
The directors
The cost of
end
1943
4374 801
Gimbel Brothers, Inc.—To Pay Larger Dividend—
increase
all-time record.
•
The largest single holding of General Electric stock at the close of
the year'was'the-529,000 shares (1.8% of the shares outstanding) held
by the E. E. Employees Securities Corp.
Total cash and marketable securities held by the company at the
close of 1943 amounted to $243,042,098, compared with $105,566,057 on
Dec. 31,
1942.
In addition, the company held $174,000,000 in U. S.
Treasury botes for tax payments at the close of 1943.
Inventories, after reserves, were carried at $262,549,024'at Dec. *31,
1943, or 3% less than a year ago.
'
$443,264
31 totaled 229,127, an
General Electric stockholders on Dec.
the same date in 1942,
-v.
1944
$37,400
the company paid
1943,
\
of common stock.
over
In
on. June
$237,749,000. an increase of 6% over
1942.
This amount includes $13,301,000 for social security taxes.
The
total of such taxes since 1935 has amounted to $54,889,000.
After all charges, including provision for taxes and the reserve for
post-war adjustments and contingencies, the net income available for
dividends for the year 1943 was $44,922,846, equivalent to $1.56 a share
of 3%
have
common
the
on
April 3.
all taxes payable for 1S43 was
of
1943
$39,400
—*
p%io39,:.i\yj-
directors
share
excess
1943 amounted to $206,000,000,
and local
revenues
159,
The
<
.
1943
$337,401
Jan. 1 to March 14
Gillette Safety Razor Co.—20-Cent Distribution—
profits taxes payable for
from which was deducted the
post-war tax refund, and provision for other Federal, State
taxes totaled $31,749,000 so that the estimated gross amount
Provision
vital job continues to
—v.
"renegotiation."
contract
aside in 1942, but as a
1944
$403,864
$35,750
''
1943, was set aside out of 1943 income to meet post-war adjust¬
ments and contingencies arising from war conditions, legislation, and
war
—Jan. 1 to Mar. 7—
1943
$39,000
revenues
Week Ended March 14
for
was
be the winning of the war and
the utmost efforts oi industry must- continue to be directed to that
end,
but management has also the responsibility
of planning for
reconversion
and the post-war period to meet the urgent need for
providing jobs for returning veterans and also for the hundreds of
thousands who v/ill eventually be released from war work, Alfred P.
Sloan, Jr., Chairman, declares in a statement released on March 26 in
advance pf his .forthcoming annual report to stockholders.
"Few industries, have undergone so complete a transformation as
the automobile industry," Mr, Sloan asserts in his report to stock¬
holders.
"With
93%
of
its
output represented by
war products,
General Motors production facilities have been completely reorganized
on
a
war
basis.- Reconversion,
when the .time comes, will involve
important problems of physical rearrangement and plant rehabilitation
before normal production can be re-established.
"Delays in converting plants to civilian production will cause un¬
necessary unemployment and Importantly retard the restoration of a
peacetime economy.
It is, thus, extremely important that the time of
the reconversion period be beld to a minimum.
1
"If, for example, the war in Europe should end before the war in
the Pacific, it undoubtedly would be necessary to proceed with re¬
conversion on a basis of dual operations.
Sharp curtailment of war
production following the cessation of European hostilities would permit
and require that manufacturing facilities no longer needed for war
purposes
be reconverted promptly.
Otherwise, unemployment would
increase rapidly.
To operate on a part war arid part peace basis in,
automobile plants would, of
course,
involve the added expense and
time of a double reconversion.
In peacetime there is a high degree
of plant specialization and integration of facilities.
The technique of
mass
production is employed most intensively.
To make completed
automobiles there are necessary not only plants
and facilities for
assembling cars, but also facilities; for the production of engines,
bodies, axles, transmissions, electrical parts and other components—
each essential to a completed whole,
1944
Operating
of
reserve
—Week End. Mar. 7—
Period—
formula for estimating the results of such "renegotiation.''
$18,500,000, equal to the estimated post-war. tax refund
scribes no
^Chairman Discusses Post-War Problems—
and
Georgia & Florida RE.—Operating Revenues—
policy of reviewing the
the substantial cost
savings effected by increased production.
;.
_.:-V..^
Ail operating results, throughout the report, are shown before "re¬
negotiation," Mr. Swope points out, since the renegotiation statute pre¬
,
.The first
a
such contracts and passing on
results of
financial
adopted
1942 the company
In
contracts.
war
contingencies-
*
—
21,053,135
15,259,485
180,287,046
——
■_
37,249,715
10,971,391
—
/
400,000
35,380,144
17,000,000
14.933.233
180,287,046
155,809,334 146,328,483
•
Tire & Rubber Co», Akron, Ohio—Organ¬
izes New Subsidiary—
'
'
The company has organized Wingfoot Homes, Inc., .under the laws
of
Delaware
to
manufacture
custom-built low-cost movable family
dwellings after the war, the company disclosed in an amendment to
its registration statement filed with the Securities and Exchange Com¬
mission.
The homes are scheduled to sell at approximately $1,800 and
will be constructed to accommodate a family of four.—V. 159, p. 1039.
Goodyear
633,054,132 618,640,750
Total
•
♦Less
reserve
for investments
of $6,859,205 in
1942 and $6,859,205 in
cf $200,588,256 in 1942 and $219,$8,311,945 in 1.943. §Issued 28,845,927.36 shares of no par value. 1! After
deducting U. S. Treasury tax notes 1943, $174,009,000; 1942, $106,000,1943.
tLess
000.—V.
depreciation
159, p. 1039.
reserves
-
-
;
•
; •
.'
of
(W. T.) Grant Co.
A
that
(Del.)—Annual Meeting Delayed—
meeting has been called for May 16 in lieu
scheduled for April 18.
The company stated
to war conditions and the resultipg delay in
special stockholders'
the
annual
action
completing
is
the
meeting
"due
annual report."—V.
159, p.
1039,
elected Vice-President and a.
30 years and served
ous capacities.
He will continue to head up all sales activities
inunications and merchandising.—V. 158, p. 1532".
Powell
S.
has
been
associated with the company
has been
.
this company has:
companies are in process of reorganization.
//,;
!','■/
been to meet effectively the war-time requirements of the' governments:/•
In View of existing conditions, the Court was! informed, payment of'
in Ottawa, London and Washington.
We have striven to provide thethe principal of the debentures should be deferred, but the directors
maximum supply, of nickel and nickel!products/copper and'platinum,
have voted to make the interest payment, subject to the money being
metals and through our technical knowledge of uses to assist in direct- ,
available and subject to the approval of the Court.
ing the supplies into those fields of application where they would be of / .r.v, No other large disbursements are anticipated in the near future,
greatest value. •/
•
,,
.' «■
.(''-''M
and it is expected that" the cash balance of the company will be built
Deliveries of nickel in all forms derived from cur.own: mine product*
up very rapidly after April 1/ //•• ':! V •
'/
'...
tion amounted in 1943 to 265.000,000 pounds, representing:an increase
Counsel pointed out that distribution of the Gatineau dividend, which,
of 55,000,009 pounds over 1939.
In order ■ to. provide: this ' enlarged'
makes possible the funds to pay! the interest on the debentures, is
supply, the tonnage of our ore mined was forced from 7,273,000 ;tons >
subject to Canadian Foreign Exchange Control, but no difficulties are"
in 1939 to 12,105,000 tons in 1943.
Had it not been for shortage'of<
anticipated in this connection.
If the money did not come through/man-power during the last six months of the year the production would
/however, it was pointed out, the entire interest could not be paid.
have been appreciably higher.
As an emergency war measure-we have
;V- • The attitude of the management, Judge Ford was informed, is that
also refined a volume of nickel-originating from the mines of others./
if the money is available, interest payments should be made pending ■
Our "own
deliveries, together •: with this volume refined for others,
the determination of the matter of the discharge of the principal of •*
>
■
•
outstanding and are being purchased;
by the underwriters from certain stockholders.
'.//
Transfer Agents: Bankers Trust Co., New York, and First National
Bank
of
Chicago, Chicago. • Registrars:
New York > Trust-: Co.. -New
York,'and Continental Illinois Bank & Trust Co., Chicago.
Capitalization—Company has no funded debt. The capitalization of
the company as of Nov. 30,; 1943, and as of March 18, 1944, .was as
'
Common
Stock—
treasury
totaled nearly 300,000,000 pounds.
needs
7,687 shs,
—
——
«i/
.
?»!!'
-
for
forms
152'2^ Su8,
_
/
company's /output, of .copper has. been , subordinated - to the warexpanded nickel pioduction.
Deliveries of our. copper in all
amounted to 265,000,000 pounds, comparable with 334,000,000 -
The
i
1944/
J943 :, Mar. 18,
•
issued
and
Authorized
In
3Q
Nqv
in 1939.
Our own deliveries, together with the volume of
copper which we refined for others, totaled nearly 316,000,000 pounds.
: Deliveries
of platinum metals reached the highest ,level in the com¬
pounds
19,217 /a shs.
within six months and
("Boston News Bureau.")—V. 159, p. 1040.
/■;,:!//■
rv :•-■,/;/ v— ■ ■■>.
International Railways of Central America—Earnings.
interest
have
Ended Nov. 30
Earnings, Years
Consolidated Sales and
•
.
1943 • •. '•
1942 ./!•/ 1941
$30,988,581 $26,224,817 $21,886,031
3,581,296
2,765,003
1,339,101
Provision for taxes on income—//,
1,749,977
1,177.474
343,928
Provision for contingencies—,™
200,000
150,000
100,000
Net income
1,631,319
1,437,529.
895,173/
.*Net income per share__——_
$4.59
/
$4.04
$2.52
>On 355,782 shares to be-outstanding after split-up.
-Dividends—The initial dividend1 was paid on the common stock of:
the company on March 1, 1916.
Dividends paid per share by calendar
years since incorporation, expressed pro forma as the equivalent pershare of common stock, $10 par value, have been as follows:
1916-1921/
$1.60;
1922,
$1.80; 1923-1925, $2.40;
1926-1930, $3.20; 1931, $1.60;
1932-1936, nil; 1937, $0.20; 1938, nil; 1939-1940, $.40; 1941, $.60; 1942/
'/•/'/ //v/!
sales
Net
income
1943, $1.40.
directors on
,40
cents
History
clothing,"
the outgrowth of a retail
by Harry and Max Hart.
and Business—^Company is
business established in 1872
expenses
■ceeded,
carried
York.
men's
This
_™A
Operating profit
Other income
income
and Canada
f Investors Royalty Co.,
'
;
1941
•
„
A
Balance
,
/
1,198,611
V-
(estimated)
taxes
Ll"
""
income
!__/__ 30,500
Blyth & Co., Inc
A.
12,000
Becker & Co., Inc.—-
G.
& Co
Kebbon, McCormick & Co._
Newburger & Hano
Shuman, Agnew & Co,__-__
Lynch, Pierce, Fen& Beane_.Z_12,000
Merrill
ner
•
&
Co._
Co.*——
-
79,326,768;
853,929
Inc.
2,473,702
32,701,829
300,000
...
>
'
t
4
/
Other, taxes
34,356,401 /
600,000 • -r
-
•
-
5,000
5,000
5,000
5,000
5,000-
//!/
in
.
susp.
Total
81,262,475
81,225,508
Net
.
—V.
1944—12 Mos.—1943
/
-
$586,017
$634,273
$54,071
$58,035
401,503
378,592.
31,689
30,267
8,731
101,961
93,591
$8,956
$99,119
$83,568
175
4,145
6,723
$10,425
$9,131
$103,264
$90,290
-2,917
/■:// 2,917
35,000
35,000
$7,508
$6,215
$68,264
50
46
578
.78,800,933 78,763,966 76,552,374 ,
common..$2.00 . . $2.15 ;
$2.22 $12,2li,409 in 1943 and $14,045,948 in >1942; reserved for 5
$7,458
$6,169
$67,686
-
.
49,140
.10,154
Taxes
revenues-/.
Net oper;
$10,036
:
(net)
income
Non-oper.
.
388
..
.
,
/
.
$
-
16,296,205
Miscellaneous securities
^
- 617,829
Inventories
;
.
42,798,709
Accounts and notes receivable, less reservesr/!_; 16,474,135
Government securities
!__^ 14,094,385
Canadian treasury bills, British and U. S. tax "
notes, time deposits and other
short-term
securities
!
25,413,612 ,
Cash
™V 24,578,023
retire, system reserves^
'
Retire,
accruals.
res.
Gross income
<
Interest
__zzl/^/v
charges
Net income—
declared
Dividends
-
,///;
$55,290!
30-Cent Dividend—
dividend of 30 cents per share has been declared on the common,
stock, par $25, payable April 1 to holders of record March 24.
This
compares with 25 cents per share paid on Jan. 3. last, and in each
quarter in 1943.—V. 159, p. 842.
Bondholders—
$ee W/A. R. Realty Corp. below.—V. 158, p. 2580.
/
Hoosac Mills
I
Corp.—Hearing
on
notified
were
stock
based
on
income
payable Feb. 1_
—is. i f-. 483,474
Contingent,
insurance and other reserves.12,817,201
property expenditures in Finland.. r, 6,723,908
Reserve
for
surplus
•—*v60,606,500
;
:
-:L
Exchange adjusts, in consol. in suspense______
Earned surplus
TOtal
...
*■
»After reserves
no
par
^
/
for
,
■
-
,
.
81,262,475
29,101,886 /
23,204,405
252:565
600.000;
Total
r
/:
--
v
.
year,,
$8,774,268, as against $6,680,382
cating
sented
was
The
subsidiaries:
•>
without
taking into
Charging
,
of
errors
Supreme
from
that
putting
The
from
the
cents
to
after
the
The
■
10
of
Price
was
Federal District Court "committed
March 22 protested to the U. S.
which restrained the company
authorized by the Interstate
:,/■..•/,,
;//'•/:.//:>.////a//:/;;;:;:
increases
cents,
last
by the ICC to raise fares
tokens for $1, effective until
June
eleven
or
•
war.
City,, supported
Office
fare
permitted
was,
eight
injunction
nn
on
injunction
an
into. effect
railroad
Jersey
-
company
months
six
•
the
against
Commission.
Commerce
■
Jersey
New
a
law,"
Court
by ,the
Office of Economic Stabilization and
successfully fought the move and
Administration,
issued Jan.
14.
.
-
,
high Court on March 22 that irreparable
damage of about $1,000 daily results from the injunction.
The Supreme Court will
announce
later whether it will consider
the
railroad
told
appeal.-—V.
159,
the
p.
1148.
Hudson Motor Car Co.—Addition to Plant—
.
The
Defense
Plant
Corporation
announces
it has
authorized an in¬
crease^ in its contract with the above company to provide
plant facilities in Detroit, Mich., at
resulting
-—V.
in
an
overall
cost of approximately
commitment
158, p.' 2469.
m
a
of
approximately
additional
$1,765,000,
$5,800,000.
•
account any
in 1942.
net
a
cost
charged
the
to
settlement was for a gross amount of $2,of taxes with respect, thereto, repre-.
corporation of $446,500.
This latter amount
the
against
contingency
income, and therefore 1943 income was
Renegotiation
should
Dr2,461,542.Dr2,461,542-;
290,064-791 294,345,681'
of
There
,
•
Gross-
-
881805
'
,
stockholders at the end of the
,,
,
,
(
^
year—^an/increase,
'
Account, Years Ended Dec, 81
1943 '"■!/.'/ 1942
'
metal products- ;
$
$ /''/:■■
charges for manufacturing
258,550,713 248,919,927'
earnings, of railroads, steamships and
/
.
of
Consolidated Income
..
/'":/
metal
•/ Whqrves
:■■//-/-..
adjustment related thereto
contingency reserve which has been
reduce the
during the period.
!/!/
Sales
reserve provided out of 1942
not.affected by this settlement.
contracts has not yet been
profits from, war
1
were,
4,411
<... •
,
'
materially
not
provided.
,
1943
but the cost thereof in excess of'tax
effected
81,225,508
of
'■-■■■-•
-
production
and
l
6,452,034
10,523,643'
Total operating revenues_-u/_^_/_____;__i^_-w 265/002,748- 259,443,570
J. Ford on March 20" in the "U. S. Federal District;
Operating costs
_j
_ 165,109,867-158.327,429
Court
at
Boston,
Mass.,
approved the application of International
Hydro-Electric System for payment of the six months', interest accruing,
/ Net operating income___„-_
99,892,880 101,116,140 ;>
from Oct. 1, 1943, to April 1, 1944, on the convertible: 6% > debentures,-!
1
1,586,71489,8.892v
due April 1, 1944.
The interest payment involves.$797,040./:
!- . Other Income
There was no opposition to the application, which had the support,
Total income
:
!
/ 101,479,595 102,715,033
of SEC Attorney Roger Foster.
.
-•
t
■ --/
8,774,268
6,680,382
John R. Quarles, Counsel for International
Hydro-Electric System,- Depreciation and retirements_^i^/_i__
Sundry taxes
980,578 '/ 930,693"
reviewed the proceedings which led up to the said Court taking ex¬
General administrative-and corporate expenses
':/"//"////•- ■! s
clusive jurisdiction of the company and its assets on Oct. 11, 1943. ';
not included in operating costs
:
/ 648,016 ■■"!/ 646,136
The decree under which the Court acted provided that pending further
Sundry charges and deductions..;
;
—_____
798,498 1 : 565,309'"
order of the Court the company should continue to conduct its businessU. S. excess profits tax___.._
27,346,680 26,811,453
through, its officers, directors, etc., and since that time the business
U. S. and foreign income taxes
17,231,751 18,203,857
has been so carried on.
'/
Cr563,432
737.082
The $26,568,000 principal amount of 6%
debentures outstanding are'/! Sundry adjustments for taxes of prior years__
Reserved for contingencies___i_____J:__„L___l_
4,000,000
2,000.000
the only indebtedness," other than current liabilities, and are adequately,',
covered by current assets, Counsel pointed out.
The debentures; . he';
Consolidated net-income before excess profits
informed the Court, come due April 1, 1944, and up. to this, time the;
tax post-war credit™.-™™----!-™—..42,263,236 46,140,122
interest has been paid as it became due.
Interest from Oct. 1, 1943Excess profits tax post-war refund credit—after
April 1, 1944, comes due currently with the principal.
: . :
'adjustment for prior year.__.___i.
:
2,703,057
2,681,145
In view of the impending liquidation and dissolution of the company,
Attorney Quarles said, it is not feasible to refund these debentures,
Consolidated net Income.™
- 44,966,292
48,321,267
nor
to apply
the capital assets of the company to their discharge..
Dividends paid
32,464,959 32,464,959.
Principal assets, he said, consist of common stock of New EnglandPower Association,.Gatineau Power Co. and two operating New York,
Eamings per share
/
$4.1*
C4.51
companies.
New England Power Association is now in process of
(Continued on. page 1287)
reorganization under the Publib Utility Holding Company Act.
Until
-
Judge Francis
•
Hudson & Manhattan RR^-—Fights Fare Stay—-
••/
/
Tax charges were
after adjustment
which,
350,000
Ap-;
proved—
the
for
During the. year 1943 renegotiation' settlement was reached.with the
Government relative to 1942 profits from war' contracts of the fabri¬
60,606.500/-
Hydro-Eiectric.^
International
contingent reserve.
•;
and
i
a.
equivalent to .about. $1,875 per employee.
1
Capital expenditures were $9,768,052, compared to $8,164,047 in 1942,
Charges against operations for depreciation and retirements amounted
6,723,908
tRepresented/ by :'14,584,025:
as
charges
tax
post-war refund, were equivalent to $4.81 per share.
depreciation,",amortization and depletion pf. £105,-
1943
taxes,
aside
set
was
483v474
and $92,847,159 in 1942, "
shares.—V. 159, p. 1040.
in
all
contingencies,
share :without
__v.-16,297,991! .'18,150,275
11,657,368 ;
Retirement, system reserve
002,251
on
depreciation and retirements and $4,000,000 reserved
earnings for 1943 were $42,263,236, or $3.90 per
consideratiori; of post-war-excess; profits; tax/refund./■
Including this refund earnings were $44,966,2,92, or $4.15 per share.
This latter figure compares with $4.51 per share earned in 1942, when. •
however, only $2,000,000, or the equivalent of about 18 cents per share, •
After
for
—___—27<627,825 - 27,627.825.
..60,766,771. 60,766,7.71 :
/ 7,556,712, 7,522,809 ,
-18,383,476 22,042,785^
Preferred dividend
v
March 16 to appear
In Federal Court in Springfield, Mass., on March 21, for a hearing
on the matter of approving the plan of Morgan Butler, equity receiver,
regarding paying the company's debts.
The receiver had asked for
authority to pay in cash all claims of less than $15,000 each, amount¬
ing to $86,589, and to pay interest of $250,745 on claims of large cred¬
itors, amounting to $949,385.-r-V. 159, p. 8.
of. this' corporation
Creditors
Kejnnecott Copper Corp.—Annual Report-
* '628,059
39,188,450
17,404,172
9,832,954;
to
cumulative preferred
Taxes
/
Debts—
$
Liabilities—
7%
Department Stares, Ine.—Stock Reduced—'
,
18,140,790
290,064,791 294,345,681: >
Total
Capital
Properties, N. Y. City—Payment to
Hearst-Brisbane
/ 205,783
900,000
operations---.
Refundable portion of excess profits taxes (est.)
Charges to future
tCqminori stock
:_
T
J
Accounts payable and payrolls-
A
1942
.-
"
Balance
$1,090,762 •
$762,371
$519,909
148,686,110.155,912.400
—!__;
"■Property account
$54,770
49,140
34,892
1,491
_
488,036'
17,109-
;
Securities held against
521
2,437
35,408 :/
Operation
."Maintenance
$444,1471
/
1148.
p.
Kaufmann
-
Consolidated Balance Sheetj Dec. 31
;■Assets——
11,804.
income.
oper.
316,000
$1,595,907
.158,000.
$674,698 218,747
On March 20, the stockholders voted to retire 1,500 shares of 5% stock, reducing the total authorized number of preferred,
shares to 57,500 from 59,000.
Beginning in 1940, the company has re¬
tired 1,500 shares of preferred stock each year from an original author¬
ized total of 65,000.
The retired shares are taken from the treasury.!
Edgar J. Kaufmann, President, said the board of directors discarded
the idea
of retiring
the entire preferred issue because such action
would make holders of preferred stock liable for large capital gains
taxes, but retirement of the preferred is again being considered.
The stockholders also approved a retirement pension plan for employees. Mr. Kaufmann said the initia/cost was taken from the com¬
pany's earned surplus.' The future cost will amount to between $45,000
and $50,000 a year, he reported.—V. 159, p. 1148.
2,461,542
1943
Co.—Earnings-
ry.
159,
336,000
$784,610/ $1,191,490
253,826
408,662
10,875
20,458
168,000
__________
;
Earnings per share on
"■Including
"7
preferred
79,013,916
2,461,542
:in consolida-
Exchange adjustments
tion
' - ml
2,461,542
end of year
Earned surplus
,
75,747,752
•' J- Ji— .1 • !"ii»i-' "-I -
'
.
dividends
Common
34,356.401;
Canadian taxes.
1944—Month—1943
v
last year.—V. 157, p. 1278.
/ Ry.: oper. income
Equip, rents (net debit)
Jt, facil, rents (net Dr)
"
Operating revenues
the
Railway
112,352,712 112,315,745 110.104.153 •
1,933,899
1,933,899 - 1.933,899
29.156,338 29,156,338 29,156.338
dividends
Preferred
v
Haverhill Gas Light
share on
Period End, February—
|• -
33,301,829
79,013,91G
31,127,204
81,225,508
•*""
'A
Total; surplus
—V,. 159, p. 1174.
Period End. Feb. 29—
per
Kansas City Southern Ry.—Earnings—
1944—Month—1943
1944—2 Mos.—1943 '
oper. revenues
$3,378,202 '$3,425,552
$6,734,178 $6,916.3921
Railway oper, expenses
2,120,504
1,982,942
4,351,688
4.004.485
Federal income taxes__
415,000
500,000
855,000
1,000,000
3,284,321
;■
"ll
"
.
for year
Earned surplus beginning of year__
5,000,
________
cents
12,883,552
...
3,114,649
.
30;827;204
Net profit
.
Weeks & Stubbs,
Whitlng,
Co.7,500
Hemphill, Noyes & Co
7,500
&
Hallgarten
&
Sutro
11,000
10,000
Republic Co. (Inc.)
Central
McDonald-Coolidge
Lemon
two
Jeannette Glass Co.—$1.75 Preferred Dividend—
dividend of $1.75 per share has been declared on account of accu-t.
on the
7%
cumulative preferred stock, par $100, payable;
April 1 to holders of record March 24. Similar distributions were made
on
April 1, July 1, Oct. 1 and Dec. 28, last year.
Accruals as at»
Jan. 1, 1944, amounted to $22.50 per share.—V. 158, p. 1278.
78,472,839/
profits
purchased by each, are as follows:
Johnston,
of
mulations
51,186,293 . 57,781,114 60,685,193.
20,359,089 *25,079,285 ; 26,328/792
_______________________
Refundable portion of excess
/
3,324,323
/
Provision for taxes based on
retail. store
a
Inc.—Semi-Annual Dividend—
dividends
March 26 and Sept. 30,
on
;
/
1,046,098
76,949,611
13,073,587
2,980,261
12,671,537
depletion...™
<//
;
68,380,764
______
''
*
,
75,903,513
-
841,026
Profit before taxes
subsidiary, and Hart, Schaffner 8i
Marx
Distributors' Service, Inc., which assists in the wholesale dis-.
tribution of the company's products on the Pacific Coast.
Underwriters—The names of the firms and corporations which have
entered into the purchase agreement and the number of shares to be
by
semi-annual
usual
stock, par $1, and of $1 per share on the $25 par value 8%
non-cumulative
preferred
stock have
been
declared, both payable
March 28 to holders of record March 18.
Similar payments were made
.
operated
150, p. 2101.
President of I. C. S., announced,—V.
also
common
1942
67,539,738
.
insurance, etc., expenses.
Con ting.,
conducted directly by the company consists principally
of the manufacture and sale at wholesale of the better grades of men's
suits, overcoats and topcoats, including, in recent years, military uni-,
forms, and, to a small, extent, women's suits and coats.
Company,
also owns 30 subsidiaries? operating a number of retail stores in which
men's clothing, hats, shoes, haberdashery and other furnishings are
sold.
Company also owns two subsidiaries which do not operate retail!
stores:
Wallach's, Inc., of New Jersey, which holds the leasehold of a
•store
of International Correspondence Schools, a wholly-owned!
from tuitions and sales of textbooks in the United States
during 1943 were 12.7% greater than in 1942, Mr. Weeks,
.Receipts
subsidiary,
The
________________
Deprec., amort, and
Retirement system;. :
business
The
Total
.
.
-
of books printed for other
A
!
partnership of Hart, Abt & Marx," which engaged
manufacture and sale of men's clothing, and was in turn sue-!
in 1887, by1 the partnership of Hart, Schaffner & Marx, which
oil the business until 1911 when it. was incorporated in New
the
t
and
Costs
succeeded by the
-was
in
share on the common
of- record April 25.
the
in
in the number
stated,
Calendar Years
1942
lower income of the Textbook company,
business of the schools, was caused by
publishers, it was
The
years.
growth
the
decrease
170,531,497,169,595",728 169,722,916
102,991,759 93,692,215 91,250,077;
sales
Net
preceding
despite
United" States currency)
(Including Wholly-Owned Subsidiary Companies)
dividend of
stock ($10 par), payable May 5, •
per
holders
to
four
(Stated for convenience in terms of
'
.
! This company;! showed & profit for the year of $120,151, according/
Weeks, President. Gross operating income was 4.2'/ lower"
in 1942, although it was 1.4%' higher than the average for the
than
dividends.
Consolidated Income Account for
936.
p.
to Ralph E.
of
required in 1944.
During the past five years over $43,000,000
by the company to expand production.- ••Net profit for the year, after all charges, was $31,127,204.
From
this profit there were disbursed $1,933,899 for preferred dividends and
$29,156,338 for common! dividends at the rate of $2 per share, a total
of $31,090,237.
During the past five years nearly 91% of the net
March 17, 1944, has declared a
The board of
/
159,
International Text Book Co.—Shows Gain—
has been: outlaid
profit has been disbursed in
.
oper,
■
1944—2 Mos.—1943 f
$1,534,088 $1,312,320
769,034
729,543:
595,540
- 589,465
482,439
446,675
1944—Month—1943
$819,809
$656,521:
421,927
346,644
323,925
280,193
271,395
203,995
revenues
income
Net
-t-V.
be
will
v
$.80;
the production
to
rev.
Inc./avail, for fix, chgs.
1943 amounted to $5,445,248, comparable
with $12,609,497 in 1942, and it is estimated. that a further $6,000,000
_
___
__
from ry.
capital expenditures in
The
income
before taxes on
oper.
Net
It is not advisable under present
details in
__Z™_-™_™-_
Net
Railway
a variety of special war
conditions to publicize the
regard to these extraordinary war activities.
devoted also
been
materiel.
payments.
Period End. February—
142,313 shs.->395,782% shs.;
pany's history.
Government policy preludes a more exact report.
Deliveries of gold and silver amounted to 58,331 ounces and 1,768,052
certificate of incorporation of the com¬
ounces, respectively, and of selenium
and tellurium to 80,984 pounds
pany
was
amended to increase its capital stock from $3,000,000,.
and.6,779 pou.nds, .respectively.
•
* ; '
• , '
represented by 150,000 shares of common stock (par $20), to $3*750,000,
Our rolling mills 'and foundries . in Gteai. Britain .and/the;United'
represented by 375,000 shares of common stock (par $10i, and to-: /
States established their ..highest record of output of alloys of nickelchange the
150,000 shares of common stock (par $20i, previouslycopper.
The total deliveries of mill .and foundry products amounted to
authorized and issued, into 375,000 shares of common stock (par $10t..
84,900,000 pounds, comparable .with 38,800,000 pounds in-.1939.
In connection
with the increase in capital stock; $750,000 has been;
During the war. the technical and operating resources of the company
transferred, from capital surplus account to tapital account.
,
the
1944,
18,
March
On
•
The company expects to come before the Court again
ask, for instructions in connection with further!
the debentures.
L_™_™—™-
Outstanding
f-
.
being offered are
follows.
,
;/
v
,.
to
dispose of this company's investment in it. \
,
.
;
/■'/!♦
The stock of Gatineau Powei/Co. may be regarded as a marketable
security but' peculiar circumstances existing at this time would make'
the sale or. evaluation-for. distribution difficult.
The two New York .,
J939 the objective of
the outbreak of war in
Since
Inc., A. G. Becker & Co., Inc. and Merrill Lynch, Pierce,
Fenner & Beane on March 21 offered 120,500 shares of
common stock ($10 par) at $25% per share. /The shares
-
states in part:
remarks to the shareholders/
Offered—Blyth & Co.,
Marx—Stock
Hart, Schaffner &
director,
in vari¬
in com-/
it would not be feasible
reorganization is completed, he said,
that
Ltd.—Annual Re¬
port—Robert C. Stanley, Chairman and President/in his/
International Nickel Co. of Canada,
*
Vice-President-—
Graybar Electric Co,—New
j
Monday, March 27, 1944
CHRONICLE
-i"
Charles
■
lie
& FINANCIAL
THE COMMERCIAL
1252
•
•
_™_________™™___™__™
•;
Volume
Stock and Bond Sales
D AILY■
Cash and deferred delivery
NOTICE
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4267
159
Mew York Stock
«»
WEEKLY
-
Y EARLY : :w§
-,
taken of such sales In computing the range for the year.
the day's range, unless they are the only transactions of the day. No account Is
sales are disregarded in
United States Government Securities
the New York Stock Exchange
on
the New York
daily record of the transactions in Treasury, Home Owners' Loan and Federal Farm Mortgage Corporation coupon bonas on
Figures after decimal point represent one or more 32d of a point. (See note below).
5
Stock Exchange during the current week.
Below
we
furnish
a
Mar. 18
Daily Becord of U. S. Bond Prices
Treasury
Treasury
fHigh
,
1
■
fHigh
{ Low
[Close
2%s, Dec., 1964-1969
Low
<
4%s, 1947-52
•
:
••
(.Close
—-
fHigh
2V&S; 1967-72
105.27
v
1
...
\ LOW
(Close
3y8S, 1946-49
[Close
•
Total sales In $1,000 units
—
.w.
(High
-
]
2y4S, 1952-55
Close
Total sales in $1,000 units
Low
[Close
...
Total sales in $1,000
High
units
Low
3 Vis, 1949-52
(High
Close
1954-56—————] Low
2%8,
Total sales in $1,000 units.
l.,
"Hign
3s, 1946-48
:
fHigh
Low
;
—
fHigh
Low
100.17
]
2%s, 1951-53
Total sales in $1,000 units
100.17
100.17
Low
IClose
Total sales in $1,000 units...——
...
11
1
Total sales in $1,000 units....—.
3y4S, 1944-46
.
.
(Close
.
Total sales in $1,000 units——
Low
———
[High
Close
2V4S
Total sales In $1,000 units.
:
100.5
100.5
{ Low
1956-59
100.2
100.3
10
10
100.5
100.6
100.5
—'
100.6
100.5
—
100.6
1
-——
fHigh
—k.
1947—
28,
Total sales In $1,000 units.
Low
[Close
High
27/aS, 1955-60—.
Total sales in $1,000 units
Low
------
.Close
Total sales in $1,000 units
(High
] low
(Close
2s, March 1948-50
| Low
1945-47—| High
2%s,
;
100.3
100.5
i [Close
Total sales in $1,000 units—..——.
3s, 1951-55
100.6
'A.:,-';1
fHigh
105.27
[Close
100.6
100.6
'
■
<>
100.6
100.6
»—
100.6
'
i—
['.f-
—'
12
—W-'
105.27
(High
:
\
100.7
[Close
Total sales in $1,000 units—
!
-
100.7
—{ Low
(.Close
units..——..
100.7
i
"
3%S, 1946-56————i Low
,
1965-70..--————
100.6
i
I
High
2%s
100.5
V 100.2
4
Mar. 24
100.6
100.2
100.4
...
(High
48,' 1944-54—————'j LOW . a.:v—Total sales in $1,000
100.2
4
*
;
>
Mar. 23
—r
100.2
100.4
100.2
100.2
100.2
Total sales in $1,000 units
Total sales in $1,000 units..—..
..
•
'
'
Mar. 22
Mar. 21
Mar. 20
Mar. 18
Daily Becord of U. 8. Bond Prices
Mar. 24
Mar. 23
Mar. 22
Mar. 21
Mar. 20
Total sales in $1,000 units
[Close
High
Total sales in $1,000 units
2s, Dec. 1948-50—
High
■
.
Low,
2^48, 1948-51——————
Low
—
•
'■:;k-
(Close
a
Total sales in $1,000 units
Close
High
Total sales In $1,000 units
——
2s, June, 1949-51—Low
[Close
Total sales in $1,000 units
fHigh
2%S, 1951-54-i-..————
Low
Close
—.
■
Total sales in $1,000 units
2s,
1949-1951..
Sept.,
(High
if Low
—
\ Low
(Close
(Close
2%8, 1956-59—
Total sales In $1,000 units—*
Total Bales In $1,000 units
2%8, 1958-63.
Hign
—-
.....
f Hign
LOW
<*
High
•,
2s, March,
Low
Close
[High
■
1950-1952
/ Low
(Close
Total sales in $1,000 units
Total sales in $1,000 units
f High
,
fHigh
—-—
Low
1945———
2V&8,
2s, Sept., 1950-1952———< Low
[Close
Total sales in $1,000 units
Close
Total sales in $1,000 units
2s, 1951-1953
(Close
—•
,
.
•(Close
(Close
Total sales in $1,000 units
Total sales in $1,000 units
fHigh
( Low
(Close
Total sales In $1,000 units
2%8, 1952-54.
2s
[Close
{ High
Low
l%s
Federal Farm Mortgage
fHigh
'High
.—-j Low
$1,000 units...——
Close
Total sales
fHigh
—J Low
1
LOW
3s, 1944-1949
[Close
2%S, 1962-87^.
Home Owners
In $1,000
units—.".
Loan
'High
[Close
Total sales in $1,000 units
3s, series A, 1944-1952—Low
High
2 V&S,
-i;
1963-1968——.——
.
Low
Total sales in $1,000
.Close
Total sales in $1,000 units—. -~
\:r
2%s, June, 1964-1969
101.5
■r5
Total sales In $1,000 units..
Total sales in $1,000 units.:.——
Total sales in
101.5
-—/ Low
1948
[Close
[Close
,
101.5
/High
.
1
2V&S, 1956-58—
/High
1953-55———————{ Low
Total sales in $1,000 units.—
—
——
1951-55-.—■ Low::
2s,
1949-53-,————--j Low
2%s, 1950-52
100.15
—-
High
fHigh
.
100.15
Low
[Close
Total sales in $1,000 units
Total sales In $1,000 units...
ZVk8>
100.16
(High
(High
-j Low
1948—
2%a,
Low
[Close
Total sales in $1,000 units..—.—.
Total sales in $1,000 units..
2%s, 1960-65—.
i,
2s, pec., 1949-1951
Close
(Close
units
(High
1%S, 1945-1947—
-
100.4
fHigh
\ Low
[Close
'
,
J Low
[Close
100.4
Total sales
in
$1,000 units
100.4
Total sales in $1,000 units
•Odd
3
lot
registered bond.
of
transaction
sales,
NEW YORK STOCK RECORD
1
AND
Saturday
Monday
Mar. 18
Mar. 20
$ per
S per
share
k
Mar. 21
I per share
share
58%
58%
57%
111%
*109%
58
58
*109y2
111
50%
50 Va
*48
*56%
57%
*56%
11%
12
12
29%
30
30
*21%
22 V*
*21%
41%
41%
41%
85
*82
6%
137%
*136
58
111
*109%
50%
*50
52%
SALE
Wednesday
Thursday
Mar. 22
58
•110%
*50
t per share
58
57%
52'%
.
57%
*noya
111%
111%
i $
Friday
Sales for
NEW YORK STOCK
Mar. 24
:
Mar. 23
I per share
the Week
58
58
*110%
111%
*50
50% i
*50
58
57%
57%
*56%
57%
*56%
57%
200
11%
11%
11%
11%
11%
11%
iiy4
11%
7,100
*29
29%
22
22
41%
41%
41%
*83
87
6%
138%
6%
*136
-
85
6%
139
29%
29%
*29 Va
29%
29%
X21%
21%
*21 y4
21%
*21
41%
42%
41%
42 y8
*82
85
6
6%
*136
138 y2
*82
5%
*136
86
6%
138%
41%
*82
5%
*136
600
14,200
6
10
138 V2
2%
2%
2V4
2%
2%
2%
2%
31%
32»/4
30%
31%
29%
31%
30%
2%
3iy4
55%
57%
55
56
55 Yi
5 3 V4
54%
53%
54
26%
26 y4
26 y2
26 VB
26%
27%
80
*78
26%
27
27
*78
80
*78
11
*10%
ii%
11%
11
147 y«
147%
147
147%
146
27
26%
80
*78
ny8
*10%
146
146%
80
11
146%
*78%
11
*145
80
11
146%
*78%
13%
*13%
14%
*13%
14%
14
14
14%
14 V2
*14%
32%
31%
32%
31%
32 V*
32 %
32%
33
34%
34%
footnotes
see
page
1263.
10,800
4,000
11
13%
For
98,000
80
10%
139.800
'
15
35%
par
No
Corp
Reduction
Par
—10
Corp
No
Inc
Alaska
Juneau
Gold
•'
100
10
Min—
Albany & Susquehanna RR
Alghny Lud Stl Corp
Alleg & West Ry 6% gtd
100
Allied
No par
100
Chemical
&
Dye
Allied Kid Co
Allied
Mills Co Inc
...
Jan 24
53
Jan
3
10% Jan 27
26 V2 Jan 31
19!/2Jan
6
39% Jan
3
75
Jan 13
5% Feb
29
124
Jan
3
2'/Wan 6
23 %> Jan
3
37
Jan
4
24 % Jan
3
70
Jan 21
1
Allen Industries Inc
1,000
3.700
par
Allegheny Corp
1
5Vs% pf A with $30 war__—__100
$2.50 prior conv preferred-No par
1.700
•:
144% 145
32
No
Alabama & Vicksburg Ry_
86
2%
27'A
Adams-Millis
47
25
Co—
Air
33%
109% Jan 17
No par
Express
Address-Mutigr
2%
52%
Steel
Adams
; 300
31%
58
Acme
3,600
2%
52 V2 Feb 21
100
preferred
42 y4
32%
No par
Abbott Laboratories
Abraham & Straus
29%
21 %
2%
f per share
Par
4%
"10
Lowest
.
'
52%
30 V*
52%
1,200
...
58
22
.
Shares
per short
Year 1943
Range since January 1
Highest:
Lowest
EXCHANGE
11%
29%
Bange for Previous
'•v "
STOCKS
PBICES
57
6%
6%
137%
*82
HIGH
Tuesday
No
9V4 Jan
3
par
142 J/2 Jan
26
_„._5
.
__No
var
13% Mar 18
30
Jan
25
I per
I per share
61
Jan
11
111% Mar 13
shajre
51%
Jan
Nov
108
Highest
$ per share
63% Mar
115%
Sep
July
15
35%
Jan
52
Mar 16
41 y4
Jan
57 %
Sep
12 % Mar 16
7%
Jan
13
Apr
Mar 17
25%
Feb
32% July
51% Feb
58
30
22% Mar 11
14% Jan
21 % Mar
42% Mar 13
38%
Jan
48%
67
Jan
76%
Sep
Jan
7%
Apr
Jan
128%
Dec
85
Mar
6% Jan
6
15
138 V2 Mar 13
3%
85
fx Jan
2% Mar 18
Jun
3V4 July
Jan
32 Yt
58
Mar 18
13
Jan
45%
28
Mar 16
18 y8
Jan
31% July
80
Mar
64
Jan
75
33% Mar 20
7
5y8
11%
Sep
Sep
May
Jun
7
Jan
Jan
7
140%
Jan
15% Feb
5
10%
Jan
14% May
I6V4
Jan
37%
11% Mar 16
150
165
July
Nov
RECORD
NEW YORK STOCK
HIGH SALE PRICES
Saturday
Tuesday
Monday
Mar. 18
Mar. 20
•
I per share
I per share
s per share «
;;/.:
99%
16%
share
$ per
A
17
16%
17
99%
*97%
99%
99%
16%
99%
38%
38%
37%
38%
s
38
37%
38 3
18%
18 Va
18%
18'A
18%
18%
18 18
16%
16%
16'/a
*2%
35
35
34%
34%
85%
85%
85
85
30 y*
30%
30%
30%
65
65
65
*64%
17%
*63
63%
63
13%
40
9%
9%
*80
14%
'14%
*2%
2%
27
271/4
5%
89 V4
89%
22%'
23
87
41
28 3
14V4
*102%
29%
29 Va
2%
2%
A 2%
*9%
9%
9
90%
89
36
35%
5%
5%
64%
8%
8%
6%
-6%
19%
88 %
89
88
88%
88
88
87
15%
15%
15%
15%
15%
15%
10%
22%
118
33%
,34
33%
33%
*33%
33 3A
•2%
2%
2%
2%
2%
2%
2%
47%
•
51
52'A
51
51%
49 Va
47 Va
48%
1374
67%
6774
68
6774
67%
16%
16
1674
16
16
3874
151
15174
28%
287-4
2874
2874
287a'
38 74
38
38 74
37%
3874
37%
2074
27%
27%
27%
157%
157%
60%
60
61%
61 %
6074
fe
8
26
26%
6,800
1574
15 Va
X:
1574 4 <15%
900
2274
21 y<
21%
2174
217a
vt
21% i*21%
2,300
27%
15774
5
V/: '5
?
27
*114%
47
85
4%
5
*2%
*46%
x
5%
84%
•
38
9774
90
90
36 74
*34%
39
*34%
30%
111%
*34 VA
36%
*3474
106
106
•
*106
66%
3974
37%'
29%
29 Va
90
39%
38%
39%
377a
13
13 Va
293A
3074
29%
111 VA
III 74
111 VA
13 VA
1374
1374 A13 74
13%
*55 VA
5574
1:5574
*5474
56%
55%
57
56%
57%
117
*116
A *15%
8
*71 if
73
70%
4
374
4
374
v*15V'a
71
71
71
V *70
4
*116
17
8VA
8
7y2 •::A 8
8
*7%
7%
*15%
17
*15%
117
*116
116
116
17
57
374
A
55 V4
57
117
116
.8%,
71%
374
,
*8
-
71
;. :
100
——25
156
300
90
2,200-
1
42%
Jan
43%
Jan
6574 July
129%
Jan
146% July
.6%
Jan
Feb
64% Feb
3
146% Feb 15.
19
3%
9% Mar 16
89 % Mar 16.
3%
Jan
May
,
20
24% Nov
24
Jan,
2974 Apr
16%
Jan
23% July
111%
Jan
874
2774 Mar 16
14%
Apr
3 Va
Feb
34
Jan
4774
Sep
7
3
Jan
6%
46
Jan
75
Sep
:
6'/a Jam
.
,
Jan
8
Jan
7
49
Jan
84
Dec
17
30
Jan
40%
Jun
10%
Jun
39%, Jan
Mar
9 74 Feb
17
3
6%
1074 Mar 16
110
.4
4
Jan
3
98 V4 Mar 17
85% Jan .3
Feb 16
90% Mar 22
90
Jan
10374 Jan
19;
3
7
9074 Feb
25:
Feb
65
66
23
36 Va
Oct
Mar 15
Jan
68
Oct
Jan
2874 May
3174 Mar 16
111% Mar 16
1874
1374 Mar 22
113V4
Mar
106
674
Jan
Sep
68% July
57
>
24
58 74 Jan
24
52
Jan
9
113
Jan
123
Jun
V;/ 16
Dec
7
55% Mar 10
114
Jan/ 4
117
Mar
21
7%
Jan
874 Feb VI
2%
Jan
974 Aug
28%
Jan
85 74 Aug
16% Feb
10
-
25
x70'/4 Feb
29
75% Jan
4
374 Jan
3
474 Feb
24
Baldwin Loco Works v t C-i——13
1874 Feb
374 Nov
67a
>
B
•
21%
21%
8%
8
:
9
:
'
2074
2174
2074
87a
974
874
2074
9
20%
20'4
;} 18.300
8%
874
86.600
1474
14
1674 1
16
16%
1574
1574
10%
1174
1174
12
1174
11%
11%
ll%
10%
1074
62
62
6274
62%
6274
6274
6274
62%>
2474
24%
24
2474
24 34
2474
2474
1474
1374
14
14
14
13%
24%
24%
14%
14%
47%
*46
18
18%
17%
17%
29
*28%
33%
33%
107 %
*14
4674
4674
1774
1874
*10%
*34 V4
11
874
874
8%
35%
118
3374
107
*34 74
35 74
*113
118
113
*1074
874
*3474
*113
28
3374
34
*3334
34
107
*105%
107
107
*105%
9
874'
*3474
35
*113
118
974
35
118
11
107a
11
1374
12%
13%
36%
37
36%
.37%
3774
37%
12%
13
37
37%
page
.
1263.
*1074
2774
1874
34
13
11
18
18
28
13 74
13
874
35
118
3374
107
18
2774
-
•
9
*34%
*113
*1074
12%
37 Va
9V4
{
7,900 /.
>
;
9,300 .'
Corp
35
preferred—
Aircraft; Corp
Creek
$4.25
RR
Beech-Nut Packing Co
118
11
1.300
Belding-Hemingway.
12%
4,500
Bell
5,300 *
Bendix
37%
Aircraft
Corp.,
Aviation
Mar
Jan
4
,1478 Mar 16
43
Jan
24
4674 Mar 20
;
23% Feb
1
No par
-.25
^
No par
1
;
50
20
l.No par'
1
—5
26
16% Jan .13
5
,
Inc
Beech
24
65
12
*
Creamery
22
27
12
Jan
100
10
+
Beech
60
.
.
Cigars
Beatrice
Jan
26% Jan
x
974 Jan
60
-
Co
Iron Works
Bath
Bayuk
200
600
.
Oil
16% Mar 22
No. par
50
preferred
preferred—'
5V2 %
Barnsdall
9,100
-
/
«
;
9 74 Mar 22
974 Jan
,_50
Asphalt. Corp
Barker. Brothers
20
17%..
5%
Conv
Barber
.21% Mar 16
57'a Jan
-100
-—-100
Aroostook
&
Bangor
.
500
1
1774
2874
12%
37%
see
3374
47
1774
1774
*27%
.
110
14
*46
18
2874
107
*13%
!
Baltimore & Ohio
4% preferred
13.000 /
2674
2574
1374
1774
17%
7,400
<
63
47
*10%
12%
footnotes
*46
48
*6274
25%
11
37%
For
*4674
1874
17%
107
'
1774
18 74
*28
3374
33%
48
1774
2874
107
:
*46 Va
:-
17%
17%
*28
9'A
9
*34%
*113
:
,•
69.800
16
1074
63
10%
*61%
1374
16%
14%
13%
*107
8
874
8
2174
2074
2174
20%
Vl8%
Mar 17
15V4 Jan
3
1874 Mar 15
25% Feb
15
16
17
108% Feb 28
'
31% Jan.106% Jan
7
12
8% Mar 21
'29 Va Mar
.34% Jan
.
11% Jan
3
11
34
Jan
25
11474 Jan.21
117
Feb
15
24
31
Jan
10% Jan
3
1174 Jan
11% Jan-
4
15% Jan
11
33%
Sep
13% May
Jan
50 Va
Feb
56
7'; Jan
May
38
Jan
18
3
par
90 Va July
; Jan
19
14
/ 15 % Jan
67% July
44
24% Jan
53 >/4 Jan
Oct
Nov
.
.2474 Nov
10774 Feb
1174 Jan
;
44% Jan
8
,
39%
108%
Jan
•
59'/2Jan
100
94 % July
Jan
Jan
Jun
Mar 23;
30
15
97 % July
29
3974 Mar 22
2574 Jan V. 3
15%
Jan
59
68% Mar 18
Jan
82.
Jan
100
6
53% Jan
Oct
674
13
106 Va Jan
37
1074 Jun
110-
Feb
72%
1474 Mar 13
35
Jan.
92
Mar 16
Jan
12% Jan
Jan
4%
1074 Mar 11
8V2 Jan
100
Sep
89
119
.
Jan
102.
Mar
116
Dec
48%. Mat 23
Jan
,
Apr
174 Jan
Mar 22
3
Jan
37.
23
1174 Mar 20
74Va Jan
par
Mar 24
25
116% Feb
2% Jan
85
Apr
,27% Mar 16
Jan
5
774
5474 Mar
31%
974 Jan
42;.
79% July
Nov
4274 -Jan
7
Jan
874 July
Jan
374
5 V4. Mar 16
Jan 24
114
55 %
88% Nov
.
4974 Mar. 16.
.
,
25
100
9
Jan
.
Sep
Aug
Jan
53%
67% Jan
par
1274. July
49%
121
Jan
874 Mar 15
,.'„4v' Jan
441 Feb 16
2474 Jan 26
par
63% July
Jan
32
115%
88 V4 Mar 23
6 Va Jan
Aug
32% Aug
158'/4 July
—No par
Corp of
115
Jan
6V4 Jan
5
prior A
Aviation
13,000
Jan
21% Jan
127 Va
Del (The)——3
S5
150
71
3% ; AA4'A#
33
84% Jan
series A
17% July..
Jun
Jan
8
21
IIV4 Jan
Dec
16
Jan,
,
91
8
Mar
Jan
4674 Mar 16
No par
Powder-—-———No
5%' conv preferred——Z—
Atlas Tack Corp—__;
No
•Austin - Nichols—
——No
17 -4
8V4
pref
.
119% Feb 21
Refining.:
conv
17%
14
—100
Atlas
1,710
-
4%
12
23
5
preferred
Apr
1174 Mar
4
42% Feb
preferred
non-cum
Aug
45
29% May
Xll6% Jan
..
Apr
161
151% Aug'
3
5
preferred—
4774
Feb
Jan
.7
50
No par
.12.50
1N0 par
20
No
Dec
Oct
63
3
•
3274 Mar
1974
Jan
25
l——
36
Apr
May
18
3574
159% Mar
3
10
——
15>/4
Dec
144%
.8% Jan
14
Oct
141%
30
56% Jan
139
1174 Jun
173
8
118
6i
Jan
45 74 Oct
.
•
Jan
33 74 Mar 13
.
5774 Jan
25
..100
Atlas: Corp——„5
6 %
preferred
—50
7,800
116
*15%
17
7
——25
—100. •;
Jan
Feb
2274 Mar 21
11
Feb
.
474. May;
Oct
48 74
,
Jan
1674 Jan
3.
26
prior preferred——No par
1st
2d
5%
x
260
111%'
5674.
56
7%
Atlantic
10,200
55 VA
57%
*5574
<
1,000 4
13%
30
20
29
Oct
36
277'a Mar 16
3
Jan
16% Jan
Assoc Investment Co
Zt
2974
30'A
57 Va
117
6474
19,400
;
6474
*62
111%
55 %
71
*62
6474
*62 VA
A
"
56
17
:'A 28
<3,000
111%
30%
*111VA 111%
55 VA
"
28
•
•V
13 Va
30%
3074
111%
39%
28
6474
*62
6474
30
*111%
23%
*27
28%
38 VA
18,500
38%
30
68 74
89%
A
100
90
67
90
Jan
15
125% Nov
iV Jan,
18% Jan
25
4374 Jan 20
24%
•
,
.,
12% Jan
6
15074 Feb
8
Mar
Jan.
16% July
16
15274 Mar
4
4074 Jan
147
Apr
Jan
69% July
39% Mar(16
3
27'/a
Jan
& 8%
16% Mar 15
13
Jun
Jan
9
15% Mar 14
Jan
Jun
10 Va
10% Jan
'
36% Jan
100
—No par
5% preferred——
;
100
Atch Topeka & Santa Fe100
Z; 5% preferred
:
;
;100
> Atlantic Coast Line RR
100
Atl G & W.J SS Lines.
-.1
.
6774
89 3/4
68%
90
6%'
z
„/
390
107%
*106
107%
290
•
3
2674
7 % preferred
100
Associated Dry Goods—— .1
;
36 Va
67%
55%
3%
9074
89 Va
13 %
*7%
96%
90 7-4
68 Va
13
71
96 Va
90'A
89%
55%
*15%
97%
90 VA
66%
13
56 %
97V4
68%
*62
31%
111%
*116
1474
97%
90
28'A
4
64%
*62%
14 VA
21
Jan
147
/
'50
:
6874 Mar
13% Jan
13% Feb
%
Sep
15%
16 74
14% Mar 16
3
Feb
17% May
54
3
30
Oct
47
„
Feb
154
12% Jan
7
Feb
7Va
6% Jan
62% Jan
Feb
iric—
Corp—
Artloom
.
4 4,800
14
■
8
Jan
166
Jan
Cork Co
Constable .Corp
.Arnold
:■ i,3oo
90%
36%
38 %
3974
:
A13%
22
27
,Armstrong
600
A
3
Jan
Ill
of Illinois—
7%.. preferred
.
2,600
;
974
10
Jan
Sep
9 % May
-v
82V»
>
7-
10V4 Mar 13
9
163
100
—100
preferred.
Mining
J>0 conv
260
112
*110
4974 Mar 22
No par
Copper
Armour & Co
2.600
»■
.
14%
89 3A
68%
90
29 3
:
112
*110
14
Archer ;Daniels Midl'd——No par
.
9,700
■
37%
3774
67
68%
90
*28%
10 Va
10%
10%
112
90 VA
107 Va
*106
106
106
107 %
97a
*974
'97
36 V«
*34 VA
36 Va
103
10 VA
;A
Feb
40
————10Q
,A P W Paper Co
600
574
85 VA
103
v
52 V2 Mar 22
par
Refining
preferred-
Andes
1,300
48%
v
37%
13%
9774
90
*89'4
103
85
10
974
10%
14%
14
14%
9774
90
■
.
37%
*110
14%
a
97%
*89'/a
86
85
37%
.974:
10%
574
101 Va
:
37%
112
57a
21
$6 1st preferred—-
600
3
*4774
101%
*100
10
9774
14%
*96%
*106
•'
48%
5%
85
85
37%
*110
110
110
101%:
10%
10VA
10%
10 %
112%
>5%
6%
;:AAdA?
3.
: r2?/e Mar-
66%
•;
,.
Jan
x26
13
Jan
13
May
1274 Jan
5
Jan
35
32
May
5
.
20 74
2474 Jan
120
21
Jun
70
116%
15
18
Apr
4074
.V
Jan
7%
Jan
,
Apr
Jan
4%
Jun
July
Nov
7
•1074 Mar
36%
.7% Nov
15%-Mar;24/
;
Jun
Feb
68
Feb
20
par
Viscose Corp.
:: $5 div
11
*10%
II
48
5%
10
.
3
47%
37 VA
10%
*274
47 %
•
8474
*100
101
38
*10
5%
84%
5%
84%
101
47%
<
3
2%
2%
47 V4
•
11
*10%
-
■3.500
115
*114
29
Jan
.
3974 Jan
:
/ 11574 Feb
par
/..Anaconda Wire & Cable.
Anchor Hock Glass Corp
500
25
24%
24%
24
115
115
8
May
78%
5 74
Mar 15
93
;
9
26
•4% Jan
X1974 Mar 16
>
274 Jan
4474 Feb
prior conv preferred
Anaconda Copper Mining
14,900
27
*2674
Feb
;
29% May
37% Jan
.
.
46% Mar15
.8% Jan >4
par
$5
26%
27
1474 Feb
——
51%
26 V*
2674
*113%
*10%
*11474
11
•11
*47%
51%
24%
23%
2.600
26 %
27
27
27
'23%
115
A 7,700
A 4,400
•47%
.
par
par
Wks & Elec--—No par
No par
/American. Woolen--———No par
Preferred
.—100
Amer Zinc Lead & Smelt-—
1
!
200
474
•874
7
12
1474 Feb
80% Jan
Am Water
22,900
8374
8
5 %.
;
11874
43A
2674
27
26%
American
92
70% Mar 24.
Apt;
87%
2
*8% Mar 15
; Jan,10
100
par
Foundries Inc
Amer Type
i
6% Jan
46
No par
preferred.—!—
3,900
83%
8%
8
.No
Tobacco——
.
4,300
774
:
•.
Jun
10
,
r
19
.No
Telep & Teleg Co
6%-
4%
4%
Jan
774 Jan
.No par
Common class 'B--
v
-
600
8474
84
51%
*47%
51%
27
23%
*114%
10'A
*34%
5
Amer
American
I
10%
*88
8874
874
8%
8%
84%
-A
2% i2%
47 Va
88 VA
88 VA
•
x
Jan "5
68
y
Dec
474
,
:
Jan
•
2%
■::••' 774 Mar 24
■•
<5474
-
'
35
J an
m 53% Jan
Jan 21'
43
Feb
•104%, Jun
Jan
30
;
4% Jan 21
.
61
..No
Sumatra Tobacco
46
774
7%
,
/
14374 :
*118
118%
7%
8%
11%
1174
*87
■,
*118
,
8
7%
84%
27
27 VA
23
118%
*118
•
88 VA
5
•■:.•
115
.38%
14
8
26%
101
10%
45%
.
8%
5
*9%
*110
,1074
103/4
46
84%
•
•
38 %
101
A-
1074
4574
-:*47%
84%
84%
10 Va
45
*87
27%
5%
5%
6174
14374
•774
88%
*114%
47
X;
62 %
144 Vi
11874
474
2%
*2%
61 %
144 Va
*118
51%
11%
*10
.6274
10%
8%
23%
115
62%
7,100
14374
4674
a: 27
27%
'
*93
5,800
45%
*47 Va
27%
27
9,600
61%
6174
10%
26%
51%
*47 " '
157%
6174
14374
4574
8%
:
-
15774
61%
144
1034
85%
'
15774
62
143%
3
10
l":x
1174 May
;V 18%
.
1%- Jan
39
Mar 23
Jan
par
v
Mar 15
4
ziniBo
Preferred——-,
Am
300
6174
61
79
29
Jan
7
37
Feb
1%
46 Ve
8
3% Jan
40
•-
8
33% Mar
100
Light—
American Sugar
500
•
28
*2774
15774
6074
,
*116:74 Y1774
28
*2774
15774
157%
60%
112.% May
•
„j:.6%- Jan-
90 V4 Mar 22
100
Foundries
Amer Steel
1,100
3374
3374
%
33Va
117%
'
*27%
•116% July
>2274; NOV
^
.
2474 Mar v 23
:
10
Jan
/'•: 59
American Stores———
No par,
American Stove Co.
—No par
27%
27%
60
1
33
118
118
'26%
117
33%
3374
3374
118
45
8%
85%
'
60
15%
■V'- ,v. 61
84%
8%
8%
85
25 34
800
:
27 Va
|
11
*87
88%
88%
,/ 14774., 147%
147 Va
147 Va
157%
143%
7%'
8%
4274
149%
15%
•
119
*118
119
*118
42%
*14774
26
-
61
45 Va
46%
4274
3374
6074
10%
11
46%
-
14374
143%
'
-v.'
11
15174
4274
118
157 s/a
60%
143
151V4
4274
15%
27%
157%
x
151%
,42%
27
119%
*118
15174
4374
148
Xte
33%
33%
33%
450
1574
21
21
'4.400
21
1574
119%
15174
15174
43
27
15%
33%
.
26 74
2674
15%
*20%
370
•
38
147%
27
15%
*117%
500
2874
10
15% Jan
Mar 22
.
5% Mar 16
4
Jan
.....
...
„
900
151 y4
29
474 Jan
Stand San'y
No par
—^——>——100 ■:
American Rolling Mill
25
,4%% conv preferred
100
American Safety Razor
18.50
American Seating Co
No par
Amer Ship Building Co
—No par
/ Amer Smelting & .Refg—»--No par
; Preferred
—
100
American Snuff
_25
7% non-cum preferred——100
1,190
f
14%
15%
15174
151
*148
151
1474
2874
.
4374
26%
■
15
26
10
Am Rad At
6,500
1674
:
*16
16
15
Jan
5
68
Preferred
67
667a
67%
.
16
38,
2874
38
*148
6674
16V4
15 ya
1674
<,15
15 Va
28 V4
38%
4374
67%
671/4
.
$5
25,400
13%
1374
14
13%
v
*2874
15%
15%
29 %
43
14 74
;/V;:,,I4:x.
1474
14
151
170
*166
170
Co of 111—
preferred—
preferred
$6
<
170
*166
170
*166
974
974
9%
974
10
9%
-
-July.
Feb:.
6% . Jan
•
7
26
par
.No
6 % preferredAmerican News Co
13,100
10
2%'Jan
'
Jan
<.
Amer Power &
17,700
47%
67%
•
17,000
49%
13%
*15
2%
52%
13%
38%
370
33%
2%
48%
*166
*28 %
'
33%
51
1374
*15
.
48 VA
974
170
1,300
51
1074
974
1,400
.
6
Mar
2V4
6574 Mar 24
preferred
—
.No
Fdy Co
.No
Amer Mach & Metals—
.No
Amer< Metals Co Ltd
47 Va
-
Jun
80
:
•
Nov
,»96
2
Feb
-
8% Jan
.50
7%
•
493 8
•;
50%
49%
274
10 VA
2074
Mar 16
26
•
.
,-1
Amer Mach &
*117% 118
118
*117%
118
*117%
34%
;;:45%
:•
%'/Jan 4; >'•■'24% Apr
;
1674 Mac -3 = :,.,l3.?/4xDec.x
1105 X Mar:ZR. ixx97%vJan
42V*. Dec.
53% Jan, 11-
Mar 10
14
par
10
.No
American: Locomotive—.
7,200
10V4
22
22
21% ■'22%
*117%
13
101% Feb-.,7
•
par
-
.,5%, conv preferred
...
'1,500
207a
10%
10
10%
10 »A
10%
*21%
i
118
*166
50
29,200
15%
-
preferred
Internal Corp_
American Invest
400
V
A:,
89
15%
"34%
46%
:
18%
•
*117%
'
6%
18%
22%
:
5
•
par
No
Ice—
6 % non-cum
v
Amer
1,600
47%
*46
47%
19 Va
10 %
43
67 a
6%
6%
&
No
American
900
r
18%
22%
151
8%
8%'
90%
-
<
10 74 Jan
Jan .26
.
-,
45,000
7%
70%
•"8%
47%
19%
10%
i
;6%
66%
8%
18%
15 Va
170
64a
6574
*46%
22%
.
b'*/4
19%
10%
10
2,300
46 %
15%
•
66
18%
10%
274
2%
50% i, 51%
48%
47%
40
to i
46%
15%
;
\
1,400
A 200
3% 1
*46
18%
89%
34% 1
'5,400
47%
*46%
118
7
,
!
65%
8%
8%
*6%
>■
6%
*.
116% Mai" 13-
.No par
-
'
65%'
-
>
65%
*>
65%
65 %
6%
b
64%
.i
18
23
23
preferred
.No
,$7 2d preferred A
.No
preferred-^-—.—-—-,;
American Hawaiian SS Co—
American, Hide.- & Leather—
6% conv preferred-;
American Home Products-
900
78%
3%
3%
3%
ami,
66
8%
8%
6%
8%
%
40
65%
5^8
24% Jan
81% Mar,23'
974: May
-
Nov >
.,
Aug,
'
V--/9174 July,
••', 185 % July
•:
59% Nov
39% Mar 16
10874 Jan' 20 A
_1
$7
•
*39%
64%-
*63
168
3
v
Apr
43% July-
134
Jan-
71%-. Jan'-
•
108% Feb
Lines Inc
Power—.
Amer & Foreign
39,000
,
36
36
37
35%
36
3%
66%
66
66 %
5%
:
23%
23%
91
W *16
2,300
*77%
40
Jan
:• 374
.4
-
V
Jan
127 74
3
,
25% Mar 22. ■:;:!Z18
11074 Feb 16.. -107
Sees——— .No par
American Export
12,700
78%
*39%
Jan
Mar 21
177
5
Nov
9%
4
87V4 Feb
Dec
61
V
25
10 Va Jan
•
Jun
Sep
V7674 July
34,
.;v1874
•
Jan
27%
25
Jan
132
.
3
1
Mar
170 Va Jan
10
Thing-
Encaustic
Amer European.
600
■
A 15,900
24%
66 %
47%
19%
American
5%
78%
•
42% Feb
86 74
■;V
•
Jan
.
,v.i
,15%. Jan..17
,
Mar 24
8V4 Jan
82
stamped.—20
Amer: Distilling, Co
89 Va
23 %
41
3
.4874
.
V47
4
Feb
64
Oct
31%
.:
Janv
•
.
.274 July
x
'*
,•52 x;.,Jan
66.V2 Mar 13
<
14
128
—100
preferred^
1st
•; a;;' 6,%:
27 VA
78%
*39
.x
7.7A Jan
37Vt Jan
10
Co.—_
Crystal ..Sugar
American
5%
24 VA
3%
:
23
j
:•=&■ 1874 Mar. 16
Jan;, 14-
60
preferred-:^.--.--——100;
% Kconv:
American Colortype
89%
.
23%
*3 3 4
;5
3,200
27%
:
5%
5%
5%
78
3%
28
1674 Feb -. 9
A American. Chicleiri———No par
90
28%
26%
29
78%
35%
58V4 Jan
;
No par
A Am Chain & Cable Inc.
70
5,000
9
23%
35
14
-
.Jan
X67
*'8-
31 Va Jan
34% Jan
2%
'
.
86"% Jan
3
:68% Jan
29%
v
9
9%
89
88%
87%
Jan
7
Fdy—_—No par
V 900
;
103
*2%
2%
:
2,100
!.• 10
11%
.
29%
2%
5%
2274
.
30%
103
29%
27%
15%
A:'
102%
102%
*102%
29%
:
230
14%
22%
*6%
*165
u%:
14%
5%
*63%
9%
11%
14%
27%
5%
34%
11%
14%
5%
64%
*117%
11%
103
a
'•
Jan
Sep
Dec-
4374 July
;23%- Sep
;..
•
Jan
74
13%
•
"
14%'
*9%
89
*112
114
113 Va
-*77%
66%
19 %
113
113%
11%
2%
'
*90
24%
109%
112%
14%
*102%
:
3%
*46%
24%
109%
78%
3%
8'A
25 Va
109%
22%
3%
5%
24%
*108%
11%'
14%
5,000
25%
-1774
17
2974 Jan
7 % • -nonr-cum, preferred——100
American Car &.
1,500
'
X79%
25
36
8274 Feb s
140
5,500
79%;
80%
113%
11%
,
81 Va
Jan
.Mar 24
20
.
12
-
:.
38%
37
38%
80%
1
177
177
'
37%
2,900
25%
25%
113%
86%
86
*108% 109%
80
.
22,700
39%
80%
38%
109 %
10
-
Jan V 4
2
28 74 Jan
16%
:
Jan
Z 26 Va, Jan
5
,
97
/6.74,< Jan
,7374
Mar .22.
Jan
-.374 Feb
v
17% Mar 24'
Shoe.Cor____—-No par
574% conv preferred—
100
Amer Cable-& Radio Corp
1
American Can——
-25
"
177
177
177
177
27%
34%
■i
84%
177
38%
I
40
Brake
Am
9%
9%
100
J per share
share
per
Mar 21
17
3
;
preferred—;i—ii—5RAmerican Bosch, Corp
1
:
27
-10
10.
—
Bank Note—
American
90
128
128
X
22
35%
66%
800
86%
85%
85%.
5%
35%
*63%
5,200
*76
%
79
*39%
84%
85%
9%
A
13%
38%
9%
*128
A 27%
'
13
;
128%
9%
A
5%
5%
*77
128%
2%
*9% A
9%
V4
9
w
9%
29%
*2%
American; Airlines. tnc
800
39
"39%
38%
9%
176%
103
*28%
13%
Amer
4,000
,
1474 Jan
35% Feb. 15
:
No par
.Agricultural. Chemical-No par
1,200
65%
38%
63%
14
13%
129
*128
113%
30%
30%
t per share
share
96 V4 Jan
No par
——100
preferred-i———
..,.•.17%:. .17%
63%
63%
18%
63%
*63
39%
39%
85
'
•
25
29%
27
13%
80
"*102%
104
*102%
63%
13
11% •11%
14 Va
*14%
A'
11%
11%
18%
18%
38%
113
•>
900
66
108% 109
113
85
*30%
30%
65
*17%
176%
24%
25
113
30%
64%
18%
9
79%
80%
110
*108%
30%
64'%
*63
37%
38%
>
30%
64%
86
85%
*176
176%
■
38%
30%
64%
9%
1
9
..
86%
86Va
*176
30%
13%
39%
39%
*128% 129%
14Va':-
40
85%
84%
1,300
65%
*34Va
85%
18
5,000
36
A 35%
J per
par
Alpha Portland Cem_——-No par
Amalgam Leather Co.; Inc—
1
44 6% cony preferred——;
—50
V Amerada Petroleum Corp—No par
1,900
;
■
3%
*84
35%
85%
13%
*128 Ky 129%
35%
*84%
-V,
18
3
VA A 4 vf
Allis-Chalmers. Mfg__—
7,800
36%
17%
.
374
•:
Allied Stores Corp
A/A. 5 %
1,000
36%
x
18
■".
3 %
35
63
*17%
18
37%
36%
18%
35
35
17%
17%
2%
2%
3
3
*274
37%
A: 3%
3
:|':iA.:
,<■
11,000
100
100
100
99%
Highest.
.
Shares
1674
16%
16%
16%
*
100
100
the Week
Lowest'.-,../.'
Lowest
t
I per share
I per share
Range for Previous
Year 1943 A:
Range since January 1
Highest
NEW YORK STOCK
'EXCHANGE.
.
,-y
Sales for
,
Mar. 24
Mar. 23
Mar. 22
Mar. 21
Friday
Thursday
Wednesday
%%-■;</
•■.stocks
■■:••
LOW AND
Monday, March 27, 1944
FINANCIAL'CHRONICLE
COMMERCIAL &
THE
10%
Jan
574
Feb
.5V\
63 74
1274
Jan
13 Va
Jan
23 Va
Jan
24%
Jan
105 Va
Dec
7V4
Nov
25%
Jan
93
Jan
9 Va
Dec
9Va Nov
Sep
47
V
July
15%
Jan
Dec
28 V4
Jan
30
Apr
12% Apr
Jan
12
Apr
1474
'
Jan
34 74
Dec
10
Jan
6
20%
Jan
3%
Apr
Sep
1974 July
20% Mar
x29
May
33% July
xllO
14%
33
114
Sep
Sep
Va July
Aug
11% July
20% Mar
39%
Apr
U<
*
.Volume 159
.*
.»-"li.ui'V'-u
.*
•«»«. .>1 »**.
>*
"**»
v
JkJ.VMw *
•
Mar.. 18
Mar. 20
,y
$ per share
*18%
18'A
.
*54 Va
<
18%
-
*55
••
19
$
r
18%
is
*55
56
55
.
39
38%
38%
18%
18%
19'A
18%
19 Va
19%
'>.19%
60%
60%
60%
60 %
61%
18%
18%
59%
,
60%
59%
55%'
39 Va
39 Va
117
116%
116%
116%
117%
116%
1177/a
117%
41
41
40%
40%
40%
40%
40%
40%
*40%
."41
18%
18%
18%
18%
19 Va
19 %
19 Va
18%
9%
9%
16%
17 Va
*16%
*14%
15%
15%
15%
*14%
15%
*94
98%
98%
*94
98 Va
..."
*94
9%
9%
9%
9
9%
18%
9.%
*17
17%
9%
9%
*16%
15'A
15%
18%
15'%
Boeing Airplane Co
15
14%
14%
14%
14%
14%
14%
15%
*49%
50
49%
49%
49%
49%
50
50%
50%
>50%
50'A
89%
90%
90 %
*89
90'A
90%
90%
89%
90
*90 Va
90'A
48%
*48%
50
*48 Va
50
I
!
.
14%
49%
10,800
;
Bohn
1,200
-
*48
34%
34%;;
34%
34%
30
29%
30%
37%,
37
X36%
37
35%
Bond
30
30%
& 30
36%
37%
30
30 Va
7,800
Borden
36
36
36 Va
6,200
'
4%
4%
15%
;
*50%
•
*38%
15%
15%
.
*51
52%
10%
10% '
10'A
10%
30%
31% '
31%
32%
5
38%
38%
*38
39
15%
15'A
15%
15%
15%
55
52 Va
*50%
51%
*50'/a
32%
41%
41%
9%
10%
10
31%
32%
•31%
42%
*41%
45
3.2
*45
Braniff
27%
Jan
42%
45%
*41"
•
45 %
v
42%
42'A
45 %
*44%
■
45
.
45
v
18%
18%
18 Va
18%
19%
42%
42%
*41'/a
42%
*41%
i9%;
19'A
19%
v; is
19%
,.6
A 34% Jan
3
(assented) .100
3% Jan
37 % Jan
3
5
2.50
15
"
35
Jan
30
Oct
38% Mar 11
26%
Jan
39
July
5% Mar 22
40
Feb 23
16% Mar 13
51% Mar 17
7
Jan
2 Va
Jan
Jan
Nov
14'A Nov
Jan
45
Nov
12%
Apr
43
Mar, 16
19% Jan 14
29%
Jan
1,000
6,400
19
"
9%
■
7%
*118
9%
9%
119%
*118%
7 Va
7%
7%
125 i
*122
8%
8%
8%
8%
19%
19%
19%
19%
20
20
19%
20
33%
33
30%
30%
30 Va
30%
30%
30%
30%
29%
*109%
110%
*109%
110%
*109%
110%
*109%
13'A
12%
30%
111
*109V4
13%
13
5%
13%
5
8 Va
8 %
8V4
19%
19.%
19 %
19%
19%
19%
19%
13
12%
13
>
■:;
*62%
64%;
*49%
50
10%
.
10%
10%
29
78
21%
2lVa
27%
28 Va
3%
3 'A.
3%
14%
14 Va
78'A
79
21%
21%
27%
28%
*56%
*%
56%
% '
6%
6%
6%
6 la
6%
17%
Ills
17%
17%
'/a
.
26 :
25%
*8
101
30
:
*4%
••
4%
9%
8%
29"
33
47 %
102'A
9%
7%
47
■
*4%
*149
149%
38%
38 Va
37%
149
36%
37%
37
151
*149
151
149
*48%
49%
49%
49%
48%
48%
48%
49^
49%
49%
37%
36%
36%
36%
36%
36%
37%
36%
36%
103%
*103 Va
103%
103%
120% 120%
*102%
103%
*102%
103%
37
*103%
120
12
120 Va
121%
103
120 Va
122
120
*120%
'
,
121%
11%
11%
12 Va
:
121
'
11%
11%
120'A
120 Va
121
119
120
11%
11%
12%
11%
17%
17%
17%
17%
*17%
17%
17%
17%
17%
21%
21%
21 Va
21%
21%
21%
21%
108%
5%
:
290
61%
21%
■;
47
47%
47%"
8%
7%
17%
17
'
*115'A
33%
5%
5%
*7%
8%
*115'A
120
33%
33 V4
5%
61%
61%
62%
5%
61
18%
*17%
25 Va
25%
110
18%
5%
8%
5%
63%
25%
33%
*18%
Preferred
25%
25%
109'A
109%
33%
*32
*32%
*12%
12%
13
12%
12%
46%
46%
46%
46%
46%
46%
8%
8%
8'A
8%
8%
8%
17%
17%
17%
*13
.
17%
17%
17
46%
.
300
Chicago Great West RR Co
14,000
50
preferred.
Chicago & Northwest'n viL-Nq par
5% preferred wi
»———100
Chicago Mail Order Co—
5
Chicago Pneumat Tool—-—No par
$3 conv preferred
No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab
No par
Chickasha Cotton Oil
10
tChilds Co
;
No par
7'/a
7%
24'A
25%
23%
24%
24
25%;
25%
25'/a
25%
24%
25%
25'A
25%
25
25%
25
25 Va
7,200
55%
56%.
55
56%
55
56
55
55%
15,600
55%
56'A
17%
18
17%
18
18Va
18 Va
18%
19
18%
18%
18%
18%
■'*18
40% £•40%
/■
'
18
17%
17%
1,700
17%
18
2,000
51
*40
*40
41
40 Va
40%
400
j
50
*49'/a
49%
*49'/8
49%
49 %
.49 '/a
170
14% i
*14
14%
*14
14%
*14%
14%
*14
14%
*14 A;
14%
16
*15%
16
*15%
15%
15%
15%
15%
*15%
16
1%
1%
2%
2%
41
*39%
'
**15%
*27;;
16%
17
62
8%
28%
84%
85%
17
17
17
*17
106
105
105
*105
61%
60
;
8%
8%
8%
*147
155
*80
85
*80
85
113%
40 Va
108 %
*52'/a
37
94
40
*52'/a
36
37
37
37
150
116
*106% 108'/a
94 •••:;.
*92%
55
*148
40'A
"
36%
>
*148
116
116
-
40
112%
36%
106
*39%
113 '
*39%
40
*107 > 108
94
*92% *93
52%
55
36'A
35%
37%
35%
37
*78%
113
52%
39%
*107
155
*148%
*115%
116
115%
*39%
*146 *
*78%
85
*113
113%
40 %
108
*52%
35%
8
8%
.>
35%
37'/a
*113%
114%
-
59%
39%
155
115%
v
*39%
*107
1,200
105%
6%%
100
59%
910
8%
1,900
Clark
114%
90
40%
900
108
93
*52%
55
35'/a
36%
*148
115
1Q
35%
3,800
37
2,400
150
115%
65'
65
64 %
64%
64%
64'/a
27'A
27
27%
27%
27%
*105%
105%
V
29
29'/a
29%
111%
111%
111%
16 %
16%
*15%
17%
17%
17%
19
19
18%
29
105%
29%
111%
*110
105 Va
■
29%
111%
106
.
29%
111
106'A
15%
16
17'V4
18'A
27
*105%
18%
65%
65'/a
27%
27
27
106
28%
29 Va
111%
600
105%
28%
112
230
3,100
105%
60
28%
4,400
112
100
15%
16%
18%
65 %
111%
29%
111
*16%
16 %•
17'A
*64%
s
18%
20
,
"19%
16
15%
15%
1,000
17
18
17%
17%
1,510
20%
19
20
18%
18
18
29%
*17%
17%
17%
17%
17%
18%
18
*28 %
28%
28%
28 Va
28
28%
29
29
29
28'/a
28%
29
28%
27%
28
28
footnotes see page
1263.
29%
19
*17%
28%
;*28%
19'/a'
18
7
3
4
Jan
4
Jan
4
34% Feb
4
5
4
146
Jan
44 V4
35%
.1.03
120
113
11
Jan 12
Mar 1
Mar21
Mar 15
Jan 2
Jan 3
Jan 3
Jan 3
Jan 13
Jan 31
Jan 4
Jan 26
Jan 15
Feb 19
Feb 15
Jan 3
■
17
19%
2%
107
9
23
7'A
110
30 %
4%
57% Jan 17
Jan
5%
20%
6% May
Jan
Jan
2%
75
May
>■>' 49
Oct
V.
10% July
29'A Nov
Jan '
9'A
3
15% Mar 16
Jan
5'/a
16
83 %
Jan
22%
Apr
18 % July
65'A Nov
Mar 8
22% Jan 18
Jan
Apr
25 '/a Hay
30% July
56
:
Mar
1 % Mar
9'A
Apr
X13% Nov
19%
13%
Jan
27%
29%
Jan
38
4 6%
Feb
36%
Jan
11% May
47% July
4%
Jan
40 >
Jan
X85
Jan
3%
32%
Dec
,Nov
39%
:;
Dec
54% July
Jan
95'/a
Jan
108
Jan
128%
Feb
120'A
8% Jan
14%
119
96'A
40%
16% Nov
Jan
Jan
Sep
Sep
Apr
July
23%
1%
Jun
July
21
16%
;
Dec
147
26%
125% Jan 14
122 % Mar 16
12% Mar 13
18'A Feb >1
22
Mar 13
3% Mar 16
198% Jan 3
15
Mar 20
26'A Mar 8
8% Jan 31
115'A Mar 16
37% Jan 4
6% Jan 25
,
Jan
40
Dec
97% _Dec
31% May
5% Apr
Jan
127%
Apr
Mar
9% Apr
:J: 46% July
Jan
25%
50% Mar 13
40'A Jan 24
107
Feb' 4 '
3A
Jun
3% Mar
97% Jdn
111
Aug
Jan
A18%
Jun
13
Jan
25
Dec
3
Jan
98
Mar
115
Sep
X33
Jan
41
Apr
3
Jan
...,.
>
32%
65% Mar 13
—
3,120
810
29'/a
3,000
29
2,400
25
5
No par
—100
100
5
No par
100
100
18 %
Jan 11
Jan 3
Jan 4
Jan 4
Feb 18
44% Jan 6
-5% Jan 3
11% Jan 3
18
23
108
277A
11
27%
112%
8% Nov
7%
Jun
72%
Jan
Oct
9
18%
15V4Jan 14
1% Jan 3
16%
2%
Jan
Jan
109
Dec
8% Jan
7
34
July
July
•
24
July
6
33%
Jan
50
Mar 24
2%
Jan
Mar 24
7%
Jan
9 'A May
17'A May
Mar 22
2Va
Jan
Mar 22
10%
Jan
Mar
Feb
Feb
148
>7% May
21% Jun
24
6
Mar 14
Jan
16%
Jan
22
Dec
Mar 16
15%
Mar
36% Nov
Apr
41% May
54
8
Jan
26
48
Dec
Jan
22
11%
Jan
15%
Apr
Jan
29
13%
Jan
18
Jun
Mar 24
Jan
:
Jan
Jan
Jan
Jan
Mar
Mar 13
149
Mar 13
116% Mar 14
67
Feb 18
28'AMarl6
108
Jan 12
29% Mar 16
114
Jan>ll
17
Jan 7
18% Mar 22
20% Mar 22
18% Mar 21
29% Mar 23
29% Mar 23
Dec
3% May
32%
67%
Jan
85% JulV
10%
Jan
15% Aug
96%
Jan
27
Feb
63%
Dec
Jan
8%
Jun
2%
32% Nov
123
7
3
25
12
10
21
15
1
May
24% Jan
5
16
23
5
4
17
16
78% Jan 29
115% Jan
41'A
109
92%
53
38 %
37%
■
24
9 ' 28
Jan
7
86 '/a Mar
5
17% Mar
12
107
Feb
19
65
Jan
12
9% Mar
17
40% Mar
>.
18
4
Mar
99%
24
Feb
13'A
48 >
7%
25%
28%
57 %
18%
19%
41%
51
14%
Mar
Feb
Jan
Jan
Jan
Jan
Feb
Feb
19% Apr
Mar 16
4% Jan 3
Jan 4
24'/2Mar21;
53
Mar 4
15% Feb 24
16'AJan 3
38% Jan 7
47
Jan 6
13
Jan 4
25%
77%
14%
104
57%
6%
35%
16% Nov
Mar 22
34%
18
148
Jan 7
5% preferred
76
Jan 3
Clev El Ilium $4.50 pfd
No par
112% Feb 11
Clev Graph Bronze Co (The)
1
39% Mar 21
5% preferred
—
100
107" ' Jan 27
Clev & Pitts RR Co 1% gtd.
50
92% Feb 26
Special gtd 4% stock
50
52% Mar 22
Climax Molybdenum
No par
33
Feb 10
Cluett Peabody & Co
No par
34% Jan 3
Preferred
100
145
Feb 18
Coca-Cola Co (The)—
No par > 111
Feb 26
Class A
No per
62'A Jan 11
Colgate-Palmolive-Peet—
No par
23 % Jan 6
$4.25t preferred
No par
103% Mar 2
Collins & Aikman.
No par
26% Jan 14
5%
conv preferred
100
109% Feb 29
Colo Fuel & Iron Corp
.—No par
15% Mar 4
{Colorado & Southern
—100
11% Jan 3
4% non-cum 1st preferred—100
12Va Jan 4
4% non-cum 2nd preferred___100
13
Jan 4
Columbia Br'd Sys Inn cl A
-2.50
26% Jan 4
Class B
2.50
25% Jan 4
-
19%
-
Equipment
C. C. C. & St. Louis Ry. Co
•
85
*92%
preferred
City Investing Co
City Stores
600
40
155
Co
Chrysler Corp
City Ice & Fuel
12,000
-
27%
27%
*105
60%
150
65
For
17%
17'A
*146%
27%.
277/a
84%.
105
9,700
Chile Copper
83%
17%
55
37
2%
50
5%
28
*26
■
300
84%
93
36%
65
106
28
150
27%
*105%
■
*92%
37%
*148
116
39%
*146
40
108
*92%
8%
8%
85
113
60%
40
*80
112%
105
61%
61
85
37%
37
150
17%
155
*52'/a
55
*26
83%
*146
39%
*106
;
%
85%
155
*80 ;>
113%
*112%
40%
*106%
*145
2
17%
84%
8%
9
9
39%
40
*39%
40
155
61%
60
15%
•
1%
28
*26
*26%
84%
40
*92%
.
28%
*147
113%
*1%
•
106
106
62
.
16%
85%
106
1%
83%
*27
28%
■
84%
49%
50
*1%
1%
1%
40%
*40
40%
50
51
.
*14
i
7%
18%
17%
—:
64,000
7%
24%
19
A
—25
No par
40
7%
7 Va
23%'
18
Class
Co_
5
5
24%
7%
24
56%
Chesapeake Corp of Va
100
i
27,800
6%
;
Champion Pap & Fib Co
6% preferred
•>
Cab Mfg
Checker
No par
No par
18%
23%
18
—
-
Chic & East 111 RR
6%
56
Chain Belt Co
Chesapeake & Ohio Ry_.
23%
*18%
No par
Products———.—!
45,500
6%
7%
No par
100
prior preferred———100
31,600
46%
8% SA'9 W
17%
17%
6%
190
23%
7%
Jan
21%
Jun
;
700
13
*12%
•
A'
33%
8%
.A .'>*'•'•
800
25%
109 %
.
300
18%
25%
34
33%
*18'/4
Certain-teed
2,200
3,020
•
——
—
Cerro de Pasco Copper.—
1,900
5'/a
109'A
25%
110
12%
16%
Century Ribbon Mills
120
63%
62
18%
47%
.
Central Violeta Sugar Co
100
3
8
28% Jan 16
—>.20
No par
Foundry Co
1
Central 111 Lt 4%% preferred—100
fCent RR of New Jersey—
100
900:
25
33 Va
33
5%
61%
-
18%
*108%
110
*32%
8V4
'
120
33 Va
33%
*7%
—
-
Assoc:.—
Central
23,900
13%
13
*24%
preferred
Central Aguirre
3.200
3Va
—
No par
3,100
109%
25'A
8%
*115'A
120
33%
33%
12%
13
*12%
*115'A
*7%
3
*108
100
100,
Corp
"
18
*32
33%
*32%
8%
*7%
25%
*24%
*108% 110
26
■
5%
'
5
18
110
25%
61%
61
18
*17%
*25'A
*108 Va
;
Celotex
860
18
21%
preferred
—
7% 2d preferred—
4,800
97
25
——.100
7% prior
510
12
17%
13%
*24'/4
14
25
33%
5%
5%
5%
61 Va
13 Va
25
120
*33%
33%
33%
12%
14%
24%
8
*115%
120
*115 %
■
40
119%
3%
109 Va
14-
8
8%
*7%
3
*108
15
;
24%
25
.
3%
109'/a
3%
*108
109%
24%
13%
"13%
11%
*108
109 Va
*108
3%
3%
3 V4
3%
3%
*108
•
120'A
;>
120%
:
41.
Mar 23
Mar 6
Mar 13
Mar 13
80
4
3
Av 6% Feb 19
43'A Jan 4
1
Caterpillar Tractor—
.——No par
Celanese Corp of Amer
No par
5% series prior preferred
100
7,400
4,600
33% Jan
8% Jan
43'A Jan
.5
Co
(J I) Co new.
Preferred
100
49'A
11%
10
100
Case
5,600
■
3%
■
•
■
103%
21%
25
Carpenter" Steel
23'A Feb
par
A..1
Carriers & General Corp
*102%
17%
21%
No
Mills
Capital Administration class
i
$3 preferred A
Carolina Clinch & Ohio Ry
300
37
>
Pacific Ry
200
49
120 %
120%
122
21 >
.
Cannon
400.
100
*118'/a
120'A
Southern
Canadian
1,400
36%
;
Jun
2% Jan A
27% Mar 23
40% Mar 21
10% Feb 18
45% Jan 18
8% Mar 16
48
Mar 21
102'A Mar 22
30% Feb 28
x4% Mar 14
39
Mar 16
150
Mar 15
No par
5
100
25
Dry Ginger Ale
Ry Co
Canada
4% a:
37
Oct
15%
Campbell W & C Fdy
149
149
•
149%
31'A
109%
Jan
9%
Deo
Canada
:
>4 35% July
Jan
May
6Va
•
37%
38 % J
37%
149
149%
Jan
20%
105
Jun
—
340
•
24%
Apr
18% July
29% Apr
Jan
23,800
.
10%
Jan
5'A Feb 28
Jan
54'A Aug
Nov
52%
—
29%
102'/a
14%
16
13% Mar 16
64%
52%
10%
297A
3%
116% May
>
6% Nov
110VaMar"*9
8
3
Jan 27
12% Jan 4
67 '/2 Jan 3
21'A Jan 4
Zinc-Lead
102%
-*29
4%
4%
■
4
Nov
;>■ %
47
*46
,
'
29%
*29
4%
'
Jan
8% Mar 13
19% Mar 18
20% Feb 24
34
Mar 8
! 30% Mar 16
4
•10'A May
118% July
9% May
76% Jan-
% Jan 11
7'A Feb 28
18
Mar 16
44'A
7%
102 Va
Jan
Jan
43
Jun
42% July
20% July
'
3
3
6
3
18 %
■
Jan
3
•
28% Mar 11
56% Mar 8
12,200
9%
*43%
8%
*101%
29
4%
4%
9%
44%
X47
6%
104%
10VeMarl3
120
Jan 27
7% Mar. .13
124 , Mar 14
Jan
Jan
Jan
Jan
.
,
% Jan
6'A Jan
15'A Jan
Packing
preferred
-
Callahan
70
*7%
;
44
July
44% May
3
53% Feb 24
39
9%
8%
i
Jan
2,200
27 lA
39
...
Jan
Jan
9 Va
24% Jan
30
2,200
5?
17%
26
40%
30% Jun
!
1
Calumet & Hecla Cons Copper.—5
5%
# 'A/,
6%
:
•
*43 'A
44
29
29
27Va
17%
A
No par
.50
California
2.900
;
'
,
%
6%
6%
17%
25%
10
101%
102
'
4%
56
*%
Jan
62% Mar 13
44
8% Jah
28
Feb
.
Nov
37%
3
Jan 4
Feb 21
Dec
20%
10% Mar 17
32% Mar 21
5,000
277/a
56
*38%
*46%
48
101%
4%
4%
.
38%
38
iM 48
30
*29
25%
40
27%
'
lil
6%
43%
44
Byron Jackson Co
17%
8
101 Va
101%
101
*29
6%
40
9%
*43%
600
n
17%
25%
8%
48
*47
48
*46%
:
;.
6%
1
,21%
56%
4
54
.
No par
—100
No par
Byers Co (A M)
Participating preferred
3
6
4
5>
27% Jan 25
107V4Jaa 11
12'A Jan 3
r—1
.
140
*56
if
No par
——
79%
17%
.
40 Va
9%
';
44
*43%
18
■
25%
40'A
:■
9%
9%
9%
25%
40%
*38%
%
n
56%
*56
57
*56
.27%
27%
6%
*17%, ,18
25%
25%
>
57
2,500
1,400
27%
*21
28%
27%
*27%
*56
:
14 "A
79
21%
7Q.
500
3%
14%
7,7%
21%
78
21%;
3%
14%
77 Va
3%
.
preferred
1.100
Burroughs Adding Machj—No par
Bush
Terminal...
1
6% preferred
..100
Bush Term Bldg 7% preferred—100
Butler Bros
!
.r._10
S% conv preferred
30
Butte Copper & Zinc
i
5
380
:
14%
■
,1
No par
;
7%
17
18
32
par
————
Burlington Mills Corp.—u
3,600.
29
78%
,
•
A
10%
29 %
21%
8%
.;.
48%
10%
Forge. Co
Bulova Watch
9,80Q
2,400
i
64%
48 Va
*28%
3%
44%
13
No
-
5%
5%
28%
14%
,
.
110%
12%
13%
10%
3%
41
32'/2
*109%
! 100
—No par
-
Bullard Co
1,300
1,000
1,800
:
i
29 V*
29
.64%
64
49%
20
32 '/a
28%
14%
9%
20
10%
77%
*8Va
Buffalo
10%
3%
*43'A
1,800
29
14%
*38%
:
63
49
18%
io%
29%
14%
64
50
*63
.
51
18%
30
5
5 Va
>.5
Budd
29
,10%
*3% >
$
5
49%
64
.
49 »/2
*29%
5Va
f
*62.
5
6,000
110%
12%
•
5%
8%
No par
-
Wheel
8'A
33
*32%
33
33
32%
32%
(E G)
20%
18%
19%
IO
8V»Jan
116
Jan
5% Jan
98% Jan.
47% Jan
5
100
—
7%
Budd
19.
8%
19%
33
siA?
124'A.
Co
preferred
Mfg
7% preferred
$5 preferred
Bucyrus-Erie
9,500
1,410
8%
61%
32%
7%
•
62%
60%
8
7%
s
20
120
*123
60%
61%
61
■
122
122
$
61%
■
60%
61%
60%
9%
9%
119%
7%
125
*122-
125
*122
126%
*122
*118
7%
7%
7%
10
120
9%
9%
;
120
*118
120
7%
7%
9%
10
9%
9%
120
*118
38%
Jan
13
par
Apr
13 VA
3S% Jan 18
17'A Jan 4
*—No
6'A
20
No par
;
Bruns-Balke-Collender
♦
Dec
28%
42% Mar 15
45'A Mar 8
20% Mar 24
Co
Brooklyn Union Gas.
July
17
39
Jan 14
40'A Jan *4
14% Jan 13
Bristol-Myers
Brown Shoe Co
,56% May
* 96% July
22 %
No par
5
No par
Briggs & Stratton—
100
21% Mar
,
No par
-No par
Manufacturing—
20,800
Nov
1.2% Jan 3
40% Feb
1
8% Jan 4
27
Jan 28
:
50Q
t 42%.
July
51
Corp
200
19;
19%
*18%
19
*41%
42%
Jun
100
Jan
___15
20%
19%
20
18%
43
18%
'*42%
19
Jan
-.1
Maine RR
Jun
19% July
•
<■
Nov
Inc
45%
42%
,
•
45 %
Deo
19% Mar
11%
38%
-
*42%,
40
85
Airways Inc
Briggs
Jun
Sep
69'A Apr
121% July
Jan
41'A
Bridgeport Brass Co
3,100
18,200.
17
Nov
52 % Mar 13
95
Feb
4
50% Feb
3 A
35'A Mar 22
30% Mar 22
Brewing Corp. of America
31%
Jan 26
89% Mar
No par
a
Roller Bearing Co
Bower
600
9,900
10
10%
32%
9%
10%
32
10,400
45
Jan
54
110'A
6
> 46% Jan
4 .A
33% Jan 26
28% Jan
3
Brass
(The)
Co
Boston &
51%
*51
e
5
5%
5
16
10'A
.
5
38 Va
15%
39%
*51
52%:
■;
5%
*38%
5
4%
38%
15%
:
38
15%
4%
38%
4%
38
5
July
11%
class A
Borg-Warner
'
•
Stores
35%
1,500
Jan 4
Mar 14
Mar 4
Jan 18
No par
>35';-
35 Va
■
3
16
14%
93%
13%
/
Nov
38
16
Jan
19
Mar 11
6'A Jan
9V4Marl8
13% Jan
17% Feb 11
16% Jan 7 •4'.'. 9'/a Jan
76
Jan
96
Mar 16
3
7?A Jan
57
Jan
8'A
19% Mar 22
62'AMarl6
118% Feb 23
42, Mar 8
17%
Feb
22%
j.5% Feb 29
s
B
Class
37
*35
37%
36%
>
34%
30
29%
;
A
30
50
*49
49%
Aluminum &
Ami Co
30 Va
34%
'.*34%
29%
V 49%
50
*49
Bon
120
4
5
preferred
Blumenthal & Co
20
16 % Jan
5
No par
100
Laughlln Inc
Bloomlngdale Brothers
13% Mar
15% Jan
par
S per share
54%
Mar 13
56'/2 Jan 24
39'A Mar 24
115% Feb 2
37'A Feb 24
•
No par
No par
—No
19
4
Jan
54% Feb 15
33% Jan 28
Higbesft
I per share
I per share
56'AJan
100
Bliss &
170
*14%
89%
:
98%
15%
A
par >
No par
(Del)
Co
Blaw-Knox
400
17
par
.1
Steel
preferred
Bigelow-Sanf Carp Inc
Black & Decker Mfg Co
6,800
15
15
No
Loan
Year 1943
Lowest
Highest
$ per share
Par
Foods
7%
l.OOQ
9%
*96
88%
u-.rn-Vif"1'-
-.iull,_-iy
Range since January 1
—No
Bethlehem
2,200
;
17%
*16
15%
15%
*96
98%
40 Va
Indus
Co
&
2,500
40%
17%
...
17 Va
*96
%>. ww*
»*«. 1**1.4,
t
Lowest
pid $2.50 div series '38.No par
Best
10,800
118
*18%
W9 '.
,
18%
Pr
Best
6,400-'
59%
59%
117%
Beneficial
200-
..
.1,300
19'/a
18%
19%
60%
117
*17%
14.
"•■>;;
>
2,300
*54%
118
*18%
«j
"
'A
A/aA
EXCHANGE
Shares
18
18
55
39
18%
56
38%
38%
m'
Range for Previous
STOCK
NEW YORK
<
thnWeek
,
I per share
share
$ per
38%
*55
56
38%
per share
$
per share
18%
•18%
18%
■
38%
60'A
Mar. 21
t per share
56
38%
>, ■V:,
Mar. 24
Mar. 23
Mar. 22
Sales for
Friday
Thursday
Wednesday
Tuesday
?.*+. >.. i
STOCKS
PRICES
SALE
AND HIGH
LOW
Monday
t •*.< M>,,«* ■!(«,
RECORD
NEW YORK STOCK
Saturday
.«f (*C 4|W
««««
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number .4267
..
*
Mar
67
Feb
109%
Jan
28%
>
Jan
101'% Jan
106
Apr
Sep
39 Vi July
145
74%
Dec
Jun
116% Aug
42'A Dec
108%
84
Jan
Feb
Dec
92'A
50
54
33% Nov
•
Jan
40
May
33'A
142
88
Sep
Sep
48% Mar
153
Sep
Jan
123
July
61
Dec
16%
Jan
X103%
Dec
17% Jan
108
Jan
13% Nov
July
68%
Oct
25
Dec
109% July
28% July
Oct
114%
19% July
2%
Jan
19
3'A
Jan
19%
3
Jan
17%
Sep
15%
Jan
26%
Dec
15%
Jan
26%
Deo
Sep
Sep
1256
Monday, March 27, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
,
STOCKS
AND HIGH SALE TRICES
Wednesday
Tuesday
LOW
Monday
Saturday
Mar. 18
*83%
79%
19%
40%
.
41%
106%
44%
44%
15%
15%
44%
45%
15%
15%
15%
%
87%
u
%
U
IS
86%
*85%
25%
8%
9
:
%
9%
A
'
10%
24%
26%
26
24%
24 Va
24 Va
25%
25%
26
26%
106
105%
105%
4
3%
3%
106
4
106
106
3% ?
3%
3%
3%
22%
22%
106%
22%
22%
106%
106%
.22%
*106
18%
120
3%
22%
22%
3%
22%
106 Va
3%
20,600
.105%
1Q6;%
4%
105%
2,100
4 Va
19 Ve
20%
.
3,400
22%
15,900
22%
106%
3%
$5 preferred-—-
.
i
9%
27%
26%
27%
27%
28
35,400
Industries-^————!
$2 partlc preferred—
No par
Consol Laundries.Corp
5
Consolidated Natural Gas wd
15
14 V
13%
14%
13%
14
6,600
Consolidated Vultee Aircraft—*,—!
13%
10
3%.
3%,
"
20%
19%
Consol Film
i
9,100
19%
19%
•
18%
19
10
10
10
V 26
14%
26%
25%
26%
25%
26%
14%
14
14%
13%
14
20%
21
20%
20%
20%
20%
20%
20%
20%
20%
20%
15%
14%
1,700
Consol
15%
*14%
15%
15
15%
15%
15%
15
15%
15%
16%
16%
16%
15%
2,000,
Consolidation Coal Co——.
16%
16%
16
16%
47%
47
47
*46%
48%
*46%
48%
104%
104%
*18%
'
•
.
19%
.
10
;•
*'
16%
48
*45
.
16%
*45%
47%
16%
16%
<
*45
"
-
.
9
104%
104%
23%
104%
104%
104%
23%
23%
23%
23%
23%
Q3/_
9%
9%
9%
9%
9%
37%
36%
37%
12%
12%
12%
45%
32%
*26%
27%
14%
15 Ve
12
12%
45%
45%
45 %
45%
5%
5%
32%
5%
32%
27%
45%
32
>
5%
5%,
12%
45%
32%
*45
32%
.'45%
•f:
*12%
*45
14%
15
42
42
42
'42
12%
13%
13
13%
47%
47%
47
*41%
19
47
58%
57%
5%
2%
>2%
42
42%
12%
12%
3,800
*47%
47%
170
18%
5,000
19%
18%
18%
47%
46%
47%
47
47%
57%
57
57%
56%
57.
177%
178
5%
5%
'
179 V2
*178
177%
5%
•
5%
.
640
:
3,800
.
21 Va
20%
20%
20%
106%
106%
106 Va
1,800
106'/a
23
106%
23%
23%
23%
•
Coty
4,700
•
20%
106%
20%
Crane. Co—
5%
190
*106%
107%
106%
106%
22%
22%
*22%
23%
20
20
20
20
19%
20
19%
32%,
33
32%
33
33
34%
34
*46%
47% '
46%
46%
*46%
47%
U7%-
17%
17%
17%
17%
17'A
99% ^
99%
99%
32%
32%
33
31%
32%
31%
32%
79%
79%
79'A
79%
79
79
800
80 Va
25%
25%
610
12%
13
99%
99 Va
99%
32 Va
19 Va
32%
34
*46%
45%
46%
17-
17%
17
17 Va
99
99
99
99%
32 Va
79 %
79'A
*79
26
26%
26
26%
25%
25%
25%
12%
13
12%
13
12%
13%
*114%
117
*114%
117
114%
*108
114%
*108
114%
28%
28
*114% 117
117
*114%
*108'
114%
*107
28
28%
*28%
6%
6%
106 %
*106%
6%
6Va
43%
43%
5%
5%
5%
'
*108
27%
114%
27
%« 27'A
-4:
24%
*24%
<
*100% .108
108
1,700
5%
5%
109%
*107
43
43%
42%
42%
5%
5%
5%
110
$7 preferred
Prior preferred—
Curtiss-Wright
-
1,400
18.100
-
'
17%
17 Va
Class
3,200
A
-
„
———
98% July
9
16
Jan
3
Jan 10
Jan 27
Jan 4
29%
16
a®
Jan
82
21%
Jan
27
2%; Jan
17% Jan
10%
Jun
Jun
Nov
109
Sep
Apr
6%
Jan
24% July
105
July
%
2
Jan
3% May
7%
23
Jan
:19'A May
8
Sep
2%
Feb
24%
Nov
29%
9Va
Nov
21 Va Mar
17% NOV
27% Mar
16
Oct
4%
Jan
"
Aug
7
Jan
18%
Dec
Jan
47%
Dec
33%
89
Jan
107
Oct
16
Jan
C 23%
Jun
11% Jun
9
110%
Sep
38% Mar 16
36%
Jun
15%
Jun
Mar 16
13'A
46
6%
33%
28 %
.
49% Sep
7'A May
3
Jan
Mar 13
Jan 22
Mar 13
15% Mar 15
37% July
27% July
Mar 15
13% Mar 20
Jan 4
19% Jan
47% Feb
58% Mar
-183
Feb
x9%
21%
37
2%
Jan
6
il
Jan
2'/a May
Sep
May
14% Jan
22% July
95
Jan
108% Aug
Jan
23% Mar
23% July
18%
Jan
31
Oct
37%
Jan
47
Oct
Mar 20
11%
Jan '>■
17
Mar 14
81%
Jan
99% Aug
27%
Dec ;
38
Mar 22
•
Jan^27
.29%
4
Jan
4
Feb 11
24%
106 %
6%
Feb 4
Feb 14
4
118
47%
6%
.17%
14%
Jun
Feb
115%
Dec
92% Mar
106%
Jun
10%
Jan
4
18
11
100
25%
Jan
-
Oct
26%
Jan
Mar 15
Feb
22% Aug
Jan
105
24
Mar
Oct
July
82% July
;
9% Jan
7%
28
Feb
115
107
'
8
Mar
Nov
X66
9
Mar 10
Feb
22% Jan 18
16 Va Jan. 13
115
Jan 3
21% Jan 10
Apr
61 Ve May
186%
Jan
13%
5% Feb
47
-
Dec
16%
Mar
Jan 25
4
Jah
53% Jan
80%
28%
Feb
Aug
17% Aug
Mar 16
34%
47 Va
17%
100
1
Apr
53
Dec
173
109
Mar 14
23% Mar 23
1
15
Jan
13%
6% Jan 22 '
3'% Jan 22
21% Mar 16
3
Jan
45
•
11
28
14
29
33%
••
,
24%
Jan
91%
July
11
i.
Dec
15%
Dec
,
25
Jan
3%
•
,.
Jan
90
4
3
101
5%
108
42
Sep
Jun
July
1 Va May
Jan
36%
Mar 16
112
106
.
Jan
21
Feb
109
22 % Jan
•
—1
pfd
,-100
inc——No par
44%
9%
11% Feb 10
——No par
——-1
Jan
48% Feb 21
3
28
No par
No par
107%
104% Feb
2
23% Mar 13
10
Mar 10
Jan
69
Jan
20% Jan
Jun
Jan
Feb 9
Mar 24
Feb 24
Feb 23
Mar 10
17% Feb 21
Feb
-
July
Jan
10Ve
28
15 Va
22%
16'A
3
Feb
9
Jan 20
Jan
4
41
44
Jan
25%
16
11
5
4
20% Feb
V; 19% July
..
30%
18
10
11
7
Mar
Jan
Jan
Jan
106% Mar
4Va Mar
Jan
104%
24
50
•
—100
(The)
Jan
27
107
4
23
3
16% Jan
—5
preferred
Curtis Pub Co
16,000
6
5%
4 Va %
30
'
6Va
6 %
6 Va
79%
43
27%
45
15%
97 %
<
,—^
Press Inc..
,
6
18% Feb 7
104% Jan 20
20
Jan 3
.
5%%' conv preferred—
Cuneo
24%
*24'A
v
-
preferred
Jan
5
Jan'
1% Jan
—.—100 :
—,-100
Cudahy Packing Co—*————30
7%
117
Oct
Mar 16
26% Jan 11
1Q% Mar 23..
24% Mar 11
Feb 10
Feb 11
Feb 7
Jan
3
Feb 8
15%
44 %
55%
175%
5%
Cuba RR 6%
'
114%
27%
No par
preferred
j.
100
preferred——*-100
Cuban-American Sugar.—
10
Crucible Steel, of Amer
7,400
,
■ii7.'v;v;:sv *114%
*108
290
.
5,800
*107
6%
43%
*43%
114 Va
*106%
108
110
*108
110
*108
43 %
.-'■V 5%
5%
5%
*23%
6Va
110
43%
43%
•
24%
24%
6%
*108
110
43%
28 Va
106%
108
6%
*
27%
28
*23%
24%
*106%
;
108
*108
'
■
*23%
23%
*23%
*106%
12%
12%
12%
12%
: 99
98%
1.700
3,200
.17% %
1
17 Va
;
'
6,200
;
46%
(The)
Sep
73
10% Jan 4
47
Mar 20
—25
100
2
Crosley Corp-(The)——No pat
Crown Cork A Seal
No par
$2.25 preferredNo par
Crown. Zehertoach Corp—;
5
$5 conv preferred
No par
•2,700
19%
34%
*45%
25%
26%*
26%
31%
80
:
19%
19%
34%
—
preferred
Cream of Wheat Corp
1,000
23
23
34
20
'47%
33
32%
80
.
23
23
conv
1
1
—
Jun
77%
Jan
13
Feb 19
38 % Feb 29
—————100
Inc-—-—-Internat Corp
Coty
2,400
2%
2%
2%
2%
2%
2%
106
Preferred
90
-
5% '
'
5
No par
Corp
No par
$3 prior preferred
-No par
Copperweld Steel Co——5
Conv pref 5%
series—
50
Cornell-Dubilier Electric Corp
1
Corn Exch Bank Trust Co
20
Corn Products Refining
25
190
12%
3
25
1
.
Bessemer
Cooper
2,600
47%
43
Motors
Continental Steel Corp
3
32 %
11 %
42'A
5%
30%
5
Insurance——$2.50
Continental Oil of Del—
— — —
12%
18 %
5%
r:«/
14%
19
2%
21V8
20%
106 Va
14Va
V
•
*47%
47%
178
2%
2%
20%
Continental
4,500
27%
57%
5%
2%
26,700
5%
32%
47
-
179%
20%
21
.21 ^
Continental
20
Continental Can Inc
Continental Diamond Fibre
*26%
14%
*42
13
47'A
57%
5%
5%
5%
'-.>47
179%
181
181
181
5%
v:i-:
19%
47
43
12%
47%
27%
14
70CT
700
3,300
5%
Jan
% Jan 3
87% Mar 11
3
106% Jan
-100
—
12%
32
32%
15
*42
19 Va
18%
57%
27%
14%
13
*46%
47
47.
19
19%
*46% :: 47
58%
58
180%
12%
32
*27
20
No par
preferred-.
0%
25
50
of America
Container Corp
Continental Baking Co
Jan 25
Jan 12
Jan 3
Jan 3
Jan
4
15
Jan 29
45
Jan 4
102 Va Jan
5
20
Feb 15
7% Jan 27
$4.50 pfd—No par
Pow
45%
,
5%
6Va
5%
6
33
*27%
27%
14%
42%
*26%
14%
*26%
5%
32%
.
pfd
Cuba 6%
preferred
Consumers
3,900
9,200
37 %
12%
45%
,
of
Jan
37
19Va Mar
41% Mar
41% Mar
106% Jan
45'A Jan
16
Mar
24
11 %
18%
12%
10
100
—
RR
$2.50
100
240:
110
36%
37
36%
37
36%
36%
12%
36%
13
37%
*12%
Preferred
1,200
9%
*108%
110
2,900
23'A
8%
9%
9 Va
*108%
110
V
9%
SV?
23
23%
23
9%
9%
*108%
*108% 110
110
*108
110
104% 104%
23%
104%
V 23%
*108
*20%
104%
104%
10
9%
10
9%
:.
Feb 26 .V
8% Feb 23.
21% Jan 27
20% Jan 10
104 % Jan 27
3% Feb 17
21% Feb 23
102% Jan 15
2% Jan 5
16% Jan 13
7% Jan 3,,
No par
No par
1%
40%
90
24% Jan
25
Highest
f per share
per share
6
5% Mar
3
7
Jan
79
(
share
per
85 Va Mar 14
80
Mar 9
3
Jan
3
Feb 11
Feb 15
Jan 3
% Feb 1
26 Va
19
=9%
600
106
*105%
4
22%
:
3%
3 %
•
25%
25%
105% 105%:
3%
1,800
"
16%
39 Va
37%
105
40Va
14%
No par
No par
No par
100
_5
Conde.Nast Pub Inc
Congoleum-Nairn Inc
Consolidated Cigar
6% %
prior preferred
Consol Coppermines Corp
Consol Edison of N Y-
5,400
24
10
100
Edison Co—
Commonwealth
10,200
10'A
:
24
26
106%
22%
106%;
106%
:
3%
3%
3%
3%
.
3,800
"
.
—No par
preferred
conv
70
Nc par
Commercial Solvents
—-No par
Commonwealth & Southern—No par
$6 preferred series——-No par
49,300
25%
<„1Q
10%
24
%
25%
25%
10%
24 Va
15%
U
83
Pictures
Jan
Feb
84 V Feb 14
No par
No par
Comm'l Invest Trust
5,300
14,100
83%
15%
%
83%
10
26%
*105%
44%
15%
25%
25%
25%
4% %
106%
44%
3.9Q0,
44 Va
~
Co
;
$2.75 preferred
Commercial Credit
500
*105%
106%
Columbia
Carbon
4VaFeb
/.76
100
100
6%
i,9oo
41%
24%
...
23%
*105%
18%
18%
•
41%
u
25%
*26%
.;■■■
41
15%
24%
24%
Columbian
41
82%
•
25%
25%
25%
8%
25%
25%
*8%
400
41%
p 43%
85%
86
®
89%
18%
40%
*105%
%
■
,
preferred series A.,
;,.5% preferred
41
41%
45
15%
78%
130
40%
18%
*105
110
1,300
t
S per share.
Fdf
No par
Columbia Gas & Elec
20,700
*77
.
89
88%
;
:
84
Year 1943
Lowest
Lowest
,
4%
4%
Range tor Previous
■
Range since January 1
Highest
:
EXCHANGE
Shares
per share
83%
;
78 %
78%
^
STOCK
YORK
NEW
Sales for
the Week
*89
84
.
41
*40%
:41%
41%
*105
110
44%
•
18%
18%
40%
-
41%
*105
"
18%
19%
41%
V
88
*83%
84%
79%
88
41
18%
*40%
87
79
90%
*87%
90%
*87%
79
"*77
84%
5>
4%
.
5
84%
84%
84%
78%
4%
■
t
t per share
share
$ per
I per share
5
4%
5
4%
share
t ver
I ver share
Mar. 23
Mar. 22
Mar. 21
Mar. 20
Friday
Mar. 24
Thursday
Jun
107
6
Jan
12
30%
Jan
12
17
Oct
7% May
1% Jan
Jan
116
Jan
Dec
45%
Jan
Sep
7
5%
Dec
9% Apr
Mar 23
14%
Nov
24% Mar
Jan-
116
17.
:
.
"109%
23%
23%
23%
7%
7%
7%
7%
*19% __
14% 14%
*112% 114
;25% 26
41/
41%
*33
33V2
*19% 20
26% 30
9%
9%
19% 19%
*55
60
34,
34
31% 31%
*39 ,
39%
7%
7%
—
14%
*14%
*112%
.
114
*25%
-26%
41%
41%
33
33
*19%
19%
27%
28'A
8%
8%
19%
19%
*55
*33%
.
58
34%
31%
31%
,
.
.
.
40
*39%
*19% 20
14%
14%
*112% 114
25%
25%
41.
41%
*32%
33Va
*19%
20
26% 27%
8%
9%
19%
19%
*55
60
*33 Va
34
31%
31%
*39% 39%
15%
33%
*96
*16%
*
*44%
37
■
*22%
*53%
15
32%
33%
*14%
32%
97Va
16V*
*96
*16
44%
37%
22%
54
44%
x37%
22%
53%
*96
16
16%
44%
37%
44%
'
23
54%
109%
32'A
11%
12%
11%
13
121
145%
128
:
13%,
13
-
*116
145
*127
121
145
146
*127
128
*118
119V2
11%
117% .118%
38%
•38
8%
8%
163%
.
p
44%
44%
44%
20
57 '
34% 36%
*31% 32
*38% 39%
*55
14% 14%
33% 34%
97
97%
16% 16%
44% 44%
39% 40%
22% 23
52% 53%
1
—
144Va 145
*127
129
*118
119Va
18%
18%
18
33% 34
96
96
16
16
-4414' 44%
39% 41
22% 22%
52% 52%
600
800
310
8,100
5,000
2,300
900
2,100
25,900
•
40%
40%
40'A
40%
10%
10%
10%
10%
10%
4%
*4%
4%
*4V«
*118% 119Va
5,200
900
120
144%
144
128
i28%
10
11%
11%
11%
2,200
Eagle-Picher Lead Co
.37%
37%
2,100
1,500
900
aastem Airlines inc——a
4%
8%
181
4%
164%
164
178
*177
.18%
40%
43%
43%
8%
*7%
164
-40%
.
8%
163
*177
*18 1;
-.
8%
165
43%
017 %
18
18
39%
40%
39%
43%
.
18 Va
40
10%
10%"
10%
10 Va
10%
4%
4%
4%
4%
4%
4%
4%
4%
4%
4%
92
94%
90%
92
90%
91V2
89
89%
87%
88 Va
85%
-•:
4%
4%
4%
4%
4%
4%
93%
94%
92%
94%
91%
90
90
89
89
42%
42%
42 Va
42%
42
42%
42
42%
41%
41%
*41%
31'A
31 "A
31%
31%
31
31%
31%
31%
31%
31%
31 %
86'A
42%
31%
62 Va
i
93
89
,
—
10%
?:*
:
180
4%
*88
>
38
44%
10%
4%
V
500
S
Vv
37%
43%
18%
40%
'
690
1,100
^00
900
10,900
35% 36%
*31% 31%
*38% 39%
14% 14%
*119
120
} *108% 109%
31% 31%
11% 12%
13%^V *12%. 13%
*12% 13%
121
*116% 121t«- ^*116% 121
119% 121
*108% 109%
31% 32%
11% 12%
3,300
L„
900
4.400
700
100
41,300
121,600
8,000
14%
114
26%
41
33
33%
*19% 19%
30% 31%
9% 9%
19Va 19%
*55
58
63%
63%
62%
62%
*62'A
63%
x62 %
62%
*61%
105%
105%
105 Va
105 Va
104%
104%
X104 %
104%
*104'A
2,500
;
400
V
2,300
5,500
2,800
14,000
6,800
V
1,300
1,200
2,400
300
117
24%
3
96
Feb
119%
Nov
Mar
4
15%
Jan
26%
Jun
Jan
Davega.Stores Corp—
6% Jan 4
7% Mar 20
. "5% preferred—
—
25 19% Mar 17 20 «»5Jan»14
Davison Chemical Corp (The)—1
13% Feb 3 15% Mar 10
Dayton Pow A lit 4%tf pfd—100 xlll% Feb 17 113 Mar 8
Decca Records InC—
.1 21% Jan 5
26%Marl3
Deere & Co—————No par
37% Feb 8 41% Mar 22
Preferred
20 32% Mar 1
35 Jan 13.
Deisel-Wemmer-Gilbert
10 17% Jan 17 x20 Mar 10
: iDelaware & Hudson
100 17% Jan 3 31% Mar 23
Delaware Lack & Western—
50
5% Jan 3
^% Mar 22
Detroit Edison
20
18% Jan 12 20 Mar 23
Detroit Hillsdale tiBVf RR Co 100
52 Feb 3
56% Mar 3
Devoe & Reynolds A————No par
29'A Jan 5 36% Mar 23
Diamond Match——. -No par 31% Mar 3
32% Jan 31
8% partio preferred-——25
38% Mar 22 41 : Feb 8
Diamond T Motor Car Co
2
13% Jan 11
15% Feb 25
Distil Corp-Seagr'8 Ltd .i.No par x27% Feb 29: 34% Mar 22
5% preferred—
100
96 Mar24 100 Jan 25
Dixie Cup Co,
No par
15% Jan 3
16% Feb 24
Class A
No par
43% Jan 5' 44% Jan 8
Doehler Die Casting Co——No par
33% Jan 4
41 Mar 24
Dome Mines Ltd
No par
22 Feb 17 - 25% Jan: 17
Douglas Aircraft————No par
48% Jan 3
57% Feb 25
Dow Chemical Co.
—
No par 118 Mar 3 131 Jan 5
$4 preferred series A—
No par 106% Jan 7 109V8Marl7
Dresser Mfg Co
No par
28% Jan 21
34% Mar 13
Dunhill International -1
8'/a Jan 13
12% Feb 2
Duplan Corp.—
No par
11% Feb 11
13% Mar 17
.
8% preferred
100
- V—
Du P de Nemours (E I) & Co
20 " 137 Feb 7 148% Mar 13
$4.50 preferred.
—
No par 124% Jan 11 128% Mar 24
Duquesne Light 5% 1st pfd——100 117% Mar 20 120% Jan 20
11%
'*178
44%
18'A
-
31%
9%
2,200
38%
8%
*40 %
*18
19%
33
20
8
Cutler-Hammer
11%
164%
V
181
*177
181
*178
■
32%
*19Va
29%
9%
23%
*7%
. *19Va14%
*113
*26
40%
7%
7%
*19% —•,
14% 15"
*113
114
25% 26
40% 41%
Cushman's Sons Inc 7%
1.700
11%
,
8%
164
164
54
V
23%
38%
11%
8%
44%
40%
23%
*12%
*116%
1
145
145%
V128
128
*118
119
38'A
163 Va
45
97%
16%
121% 121%
*108% 110
31%
32%
11% 12%
*116% 121
-.145
145%
.128
128
118
118Va
11%
8%
181
15%
34%
16%
*44
38%
23
52%
37%
164'/a
*44%
1
11%
87/a
178
15
33
.97
15
33
97%
16%
44%
38
23
54%
38
164%
7
34%
31%
39
31%
11%
•
30
9%
19"%
38%
34%
37%
11%
7%
60
*55
122
122
*108% 109%
*32%
32%
11%
12
*12%
13%
.
33
11%
33
33
.*11%
-
37%
__22%
54
120% 120%
*109% 110
121
121
*109%
*116
15
33%
97Va
•15
9%
19%
.
23%
.
116
*109 V*
116
23
24
*19% —
14% 14%
*112% 114
26% 26%
41% 41%
*33
33%
19% 197/«
28'A
17%
17 Va
*109%
116
23%
23%
7%
*19%
♦109 %
116
23%
23%
17 Va
17 Va
17%
17 Va
17%
V
*109% 116
.
Jan
3%
17%
17%
*109%
Eastern Rolling Mills
5
Eastman Kodak Co
No par
6% cum preferred
100
Eaton Manufacturing Co
4
Edison Bros Stores Inc„
2
Electric Auto-Lite (The)
5
Electric Boat
3
Elec & Mus Ind Am shares
Electric Power & Light
No par
$7 preferred
No par
$6 preferred
No par
Electric Storage Battery
No par
El Paso Natural Gas
3
Endicott Johnson Corp
50
10% Feb 28
27
3
7
24
3
24
4
3
4
4
13
19
8
7
25
101% Jan 19
35 Jan
6% Jan
.157
Feb
175
Jan
41
Jan
17% Feb
37% Jan
10% Jan
3% Jan
4% Feb
83'A Jan
80 Jan
39% Jan
27% Feb
57% Jan
,
111
110
12%
12%
12'A
12%
96%
97
95%
99%
98
99
101
101
100
%
For
%
footnotes
*98
101
101
%
see
page
%
1263.
11%
11%
12 Va
11%
%
96%
95%
95%
97
*95%
.99
96%
96
99
12%
12
98
97%
.99
98%
101
99%
101%
100%
%
u
%
101
il
*%
105
/
V 43,900
760
12 Va
96%
98%
101
li
190
,
560
740
5.900
100
4% preferred
Engineers Public Service
$5 preferred—
$5% preferred$6 preferred
tEquitable Office Bldg__
l
No
No
No
No
par
par
par
par
8% Jan 3
Jan 3
Jan 3
' 92% Jan 10*
% Feb 26
87
89
Oct
Jan
19
Mar
12
Jan
19
Jun
Jan
116
108%
Jun
10
Jan
24%
26
Jan
43
29
Jan
36% July
12
Jan
20% May
Sep
July
8%
Jan
17%
3%
Jan
16"%
Jan
10% May
22% July
Dec
48 %
Mar
40
Apr
17%
Jan
35% July
26
Jan
33% Mar
37
Jan
42 Va
Jan
17
Nov
S
8%
21%
Jan
10
Feb
15 %
Jan
44
Nov
16% July
Feb
22%
122% Nov
Oct
Dec
100
Jan
38%
May
35%
Jan
83 Va
45
July
34
s
Dec
Sep
25%
73 Va May
153
May
Dec
107%
Dec
Jan
35 Va
Jun
5% Jan
10%
Dec
Apr
Xl06%
16 '
9
Jan
13%
115
Jun
122%
Jan
159% July
Dec
130
Aug
121%
Sep
Dec
134
124
.
1,
115% Dec
Oct
12
Jan
20
9%
NOV
11%
39
Feb
28
31 %
Jan
44% July
9% Mar 16
3%
Jan
8% May
146 Va
:>"
Jan
170
May
7
Xl73
Sep
184
Jun
44% Mar 17
35
Jan
45% July
18% Mar 16
11%
Feb
19
8
30 Va
Jan
39 Va July
22
8%
Nov
14
1%
Jan
1%
Jan
165 Va Mar 15
Jan
183
41% Mar
11% Jan
4% Mar 15
5% Mar
6
Mar
3
94% Mar
4
99%
43 Ve Feb
28
Nov
Nov
33%
42%
Sep
Jan
23 Va
Jan
49%
Jan
% Jan 12
6% May
88%
63% Mar 13
13% Mar 3
98% Feb 28
99% Mar 18
102 Mar 3
5% May
92
31% Mar 23
106% Mar 11
Sep
Mar
31% Jan
28 Va Jan
101%
Dec
2%
64
*62%
7%
-
17
Jan
X32
Sep
58% July
103%
Dec
9%
Sep
54
Jan
92
57%
Jan
92%
Sep
62%
Jan
96
Dec
%
Jan
Sep
1% Mar
1257
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4267
Volume 159
NEW YORK STOCK RECORD
LOW
Saturday
#
Mar. 18
## Mar. 21
Mar. 30
12%
12%
12%
12%
12%
55
54%
55
82
*79%
85
.
55%#
♦78
*
7%
*7%
-,*744
13%
13%
12% \ 13%
12%
55%
55%
55%
56
26%
3%
37%
37%
23%
12%
12%
12%
11%
11%
2,800
26%
26 %
26 4s
26%
#•6; 4,400
3%
*3 %
3%
200
3%
37%
37%
37%
23%
24%
24
24%
17
12%
12%
17
V
*100%
100%
100%
21%
21%
21%
19
19
18%
19%
3744
37
37
24
24 Va
23%
24
12%
.
13
12%
16%
17
100%
21%
21%
*21
21%
*18%
18%
600
19
*23%
6%
23%
24
23%
95%
*18%
19%
23
95
23%
95
19%
1944
48
47%
95%
94%
95
42%
42
•"
19%
19%
19%
48%
;#■ 48%
48%
1,500
1,900
Ferro
4844
43%
42%
43%
42%
42%
9,400
Firestone Tire & Rubber
10644
500
1944
.
106%
;
*106 !
106 %
*106
106%
39 4a
39%
38%
38%
39
39%
39
39%
39
23%
23%
23%
23%
23
23%
22%
22%
22%
*37%
39
*38
106%
10644
-
;
preferred
1.300
First
3,600
Flintkote Co
*107
109
60
38
38
*37
38
200
27
*26%
27
600
37%
4% %
39
109
Corp
Fidel Phen Fire Ins N Y
22 4'a
.
*107
107
37%
38%
*37%
39
107
107
*105
107
107
110
*107
106%
1064a
Enamel
19%
48%
23%
106%
23%
444%
Dept Stores
conv
preferred
42%
194a
40
106%
*39%
Federated
600
Zi
No
7%
.744 1
7%
54%
27%
26
2844
*27%
54%
51%
■
26%
7%
*26%
26%
7%
52%
.
7%#
53%
*26%
-
7%
7%
7%
7%
7%
.
7%
2,000
53
*52
53%
53
54
54
510
700
13%
13%
5344
13%
*13%
13%
13%
13%
13%
13%
13%
13%
59 %
59 %
58%
58%
594a
59%
59%
59%
59%
60
58%
58%
1,200
19%
20
19%
2044
20%
20%
21
21%
214u
2244
22%
23%
26,600
*21%
22
*21%
22
22
22
2244
22%
22%
22%
480
13%
"
14%
*21%
32
32
32
32%
32
35%
35%
36
35%
36
108%
108%
108%
108
108 uV
91
91
3244
32%
32%
1,700
36
35
35%
35%
35%
109%
10852
10851
2,000
790
3%
3%
3%
1,600
Gabriel Co
Gair
V
108%
108 %
h
14%
90
32
35%
32
37%
14%
15
90
14%
*108%
108%
1,700
-#
20
5%
29%
Apr
18%
Dec
Jan
6%
3%
3
24 Va Feb
19% Feb
24
Jan
Jan
2544 July
78%
1
49
Apr
15
21
*98% Feb
3
Jan. 5
Jan
3
Jan 27
Feb
8
Feb 21
Jan
4
Feb
9
Jan 13
Jan 13
Jan
98%
12%
Jan
42
Jan
25%
6
43% Mar 22
Jan
Nov
19%
Jun
50%
,
Jun
43
July
107 Va Mar 13
Mar 11
31%
Jan
23% Mar 10
15%
Jan
Mar 20
97%
Jan
109
.38% Mar 17
25%
Jan
36
Jun
19%
Jan
28
Jun
41
107
39%
Jun
22%
Jun
July
'H
29% Mar
8% Mar
8
3%
Jan
7
30%
Jan
53
13% Mar 23
9%
Jan
13% July
Mar 13
39%
Feb
54
60
9% July
Dec
Dec
23% Mar 24
10%
Jan
19% May
22% Mar 24
16%
Jan
21
Jan
15%
Feb
75
Sep '
38% July
31% Jun
15% Mar
13% Jan 13
95
Jan 15
7
5%
50
Mar 10
33% Jan
3
28% Jan 4
107
Feb 23
—.—I
1
58% Mar
3
30% Jan
preferred*—-100
conv
*
19% July
105% July
Feb
4
Jan
70
—10
Freeport Sulphur Co
Fruehauf Trailer Co
Jan
Jan
12
6% Mar
6% Jan 4
48
Feb 3
11% Jan
5
53% Jan 5
16
Jan 18
20
Jan
4
Corp
Machinery
32
15
*87
.
.
.—10
Foster-Wheeler Corp
—10
6% prior preferred
25
Francisco Sugar Co
No par
F'k'n Simon & Co Inc 7% pfd—100
Food
92
14%
•
Corp
6%
86
Deo
# 24% Jan
1
conv
3
13
104%
34%
10
—100
5%
24
,•
preferred
Steel
Follansbee
17% Feb
101% Feb
Mar
May
11% Nov*
18%
35%
19%
No par
-
42
28
»
21% Mar 17 .v
105%
Food Fair Stores Inc
32%
14%
92
*87
95
*88
95
i#
14%
14%
15%
15 y8
*88
22
■\ ■
Florsheim Shoe class A
Nov
NOV
17
20% Jan
par
No par
No par
•
27
■■
8% Nov
14% Jan
3
93
17
45
38%
No par
Florence Stove Co
30%
21
8
24% Mar 21
Jan
4
100
;
(The)
preferred—"
$4.50
3% July
Mar
38
3
Feb 14
3
Jan 18
Jan 21
Jan
22% Jan
10
Stores
National
Jan
%
5
Jan
5
No par
_100
_1
$2.50
600
2944 Mar
20
Nov
17% Jan
—5
No par
95%
*93%
33 44
x22
9%
14%
ICO
19%
Federal Motor Truck
24
Jun
Nov
4% Feb
2% Jan 25
2
Federal Min & Smelt Co
19%
43
*
##24#
Jun
14%
26% Mar 16
15
No par
Federal-Mogul Corp
9,300
9%
Jan
3
20
Light & Traction
47%
48
41%
>
Va V
95
19
.42%
42
23%
48
48
48
24
95
6%
6%
6%
6%
6%
6%
6%
'
95
*23%
24 4s
*95
6%
6%
6%
Jan
5%
21% Jan
No par
$6 preferred
2,100
18%
21%
3%
7
13 % Mar
14,300
100%
10044
*18%
5
Jan
4
Fairbanks Morse St Co
Federal
78
10
2.50
210
16% May
52% May
Jan
6% Feb
Exchange Buffet Corp
3,900
Jan
Jan
68%
3
Corp
16% May
39%
10% Feb
Fajardo Sug Co of Pr Rico
'
8
Highest
J per share
15
Mar 21
56
78% Feb
5
Farnsworth Televis'n & Rad Corp_l
17%
100%
8
13% Mar 22
3
1943
844 Jan
5
10,300
.
18%
100 %
*21%
19
"
6%
15
'
21%
21
*18%
17%
10044
3
78% Feb
Co
Products
Ex-Cell-O
1,300
.
12%
12%
12%
17
100%
100%
110 4'a
21%
37%
:
16%
13%
17
*16%
M:
.
12
11%
37%
23%
12%
13
17
*3'/a '■
3%
37
23%
*16%
Evans
12
9% Jan
46% Jan
50
Cleaner.
Vacuum
Eureka
2644
par
RR Co
Pitts
l.ooo
7%
7%
7%
7'%. '
7%
7%
,
26%
3%
37
23%
7%
12
3%
*3%
•
&
t per share
13% Mar 22
4
No
lnt
benef
9% Jan
par
r
Lowest
I per share
I per share
pref series A
5%
Erie
Yi
Highest
No
common—
Ctfs of
•
85
*79%
85
3,100
•
\
26%
26%
26%
■
*79%
82
Erie RR
91.600
/
Lowest
Par
13.300
January 1
Range sli
STOCK
YORK
EXCHANGE
Shares
12%
55%
"79%
85
v
11%
11%
12
12
7%
•
*79%
7%
>
13%
12%
13%
13%
'
*vV.
.# 13%'
55%
13%
12%
55
13
12%
54%
1 per share
I per share
13
13%
12%
12%
#
.
NEW
the Week
Mar. 24
Miir. 23
for
Sales
Friday
Thursday
S per share
f per share
S per share
t per share
Mar. 23
##
Range for Previous
STOCKS
AND HIGH SALE PRICES
Wednesday
Tuesday
Monday
1
29% Dec
15
Mar 20
110
17
Jan
Jan
36
96%
Jan
20
May
110
Dec
.
Aug
G
4
3%
14%
27%
18
18
5%
5%
5%
14%
14%
*52
'■
12%
1244
*10644
46%
4644
<
9
9%
6
6
27%
27%
•27 Va
27%
370
Gamewell
18%
18
18
300
Gardner-Denver
5%.
12%
12%
8%
8%
*143%
8%
'
5%
5%
5 -"i
5%
15%
15%
15%
15%
15%
94%
95%
94
94
27%
27'%
27%
27%
*148
150
*148
93 %
93%
27%
27%
36%
36%
42 %
42%
42%
42%
41%
113%
113%
113%
113%
3
2%
-
119
120
117
*107%
109 44
•107%
128%
128
128
126%
*126%
126%
44%
44%
84 a
58%
1%
"
.
5%
1%
1%
1 4'2
22%
20%
7%
59
'2344'
1%
1%
1%
^
*83
*25
25%
*20:%
21%
70
23%
23
23
23
23%
17%
18
17%
17'4
17%
1744
83%
83
83%
83%
84'/a
25
25
25
21%
*20%
23 %
22
102
102
22%
84%
25
22%
102%
10%
10%
10%
10%
10%
107a
10%
11%
10%
*78 %
*78%
79%
79%
81
81
81
80
>
*88%
1,600
21 Va
600
31.800
92%
1,400
20
1,400
13%
13%
13%
13%
13%
90
90
91
91
91%
91%
91%
20%
20%
20%
19%
20 4 8
*19%
48
48
1%
1 %
1%
3%
3%
3%
3%
102%
*10944
12%
•>1%
i
1%
4%
4%
^ 16%
16 Va
11%
1%
3%
.
43%
.
109%
109%
109%
12%
12 %
■
107%
107
1%
47%
*102%
45
*12%
13
106
1%
102%
44%
*105
1%
1%
100
100
48%%#
48
109%
12%
100
*102
45
*105
1%
1%
#.
25%
3,000
i%
4%
4%
4Va
4%
4%
'4%
16%
*16%
16%
*16%
16%
*16%
11%
10%
10%
10%
10%
10%
4
36%
*35%
26
36
*25%
•
*35%
36%
:
36
>
36
70
100
*98
;
45
10934
V
47%
11,000
102%
800
43%
:;r,
47%
102%
48%'#
102%
44 Va
12%
a
600
7,000
70;
107
107
1%## :
17,400
12%
109 7
*109 V*
13%
107
11
36%
22,600
3%
3%
200
1%
1%
3%
16%
■rt.
>
11%
*35%
*24'/a
1%
3%
48 %
109%
13
105
105
'•
102%
44%
109%
12%
13%
■
100
4744
10244
.
43%
*10944
109%
'
10244 V
43%
105
105
47%
102%
44
:'
*100
47
47%
102%
48%
*48
48%
1%
3%
Gen
1%
10,800
444
4,500
16%'
1 Va
16%
400
10%
11%
1.600
4
4%
16%'"V '
10%
36
r
500
36%
*36
"
*24%
27
V#
25%
25%
*24%
15%
15%
15%
15%
15%
15%
15 %
15%
1544
1544 V. '
32
32%
3144
32 Va
31%
33%
32%
33%*
32%
33
-
1,200
25
25
25%
15%
324a
3.900
32%
-15%
33,800
26%
2644
26%
*55'
*46%
47
:vr
46 V
:'
♦150
*55
*11%
11%
12%
12%
12%
4
.
147
145
147
147
7
'
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-
20%
21%
21
21
*11%
11%
11%
11%
'12%
1244
1244
12%
12%
12%
12%
1.100
*4%
4%
4%
4Va
4%
4Ya
700
4
143%
4
•
144
53%
46
29
29
36'
36
45%
*28%
29
*28%
29
*28%
*35
36%
*35
36
*35
For
footnotes
16%
12%
107
see
16%
12%
page
16%
1.2 %
*106
107
1263.
144
*142%
14%
15%
55
45%
>
144
45%
14%
52 %
46
12%
V.
13%
15%
56%
17%
'I-';.
52
13%
107
800
11%
45%
12%
48
16%
12%
107
,
:-
'*16%
*12
*106
142
143
•
-
V#
200
120
124,900
27%
277a
*27
28%
200
36%
*35%
36%
20
16
11
125%
Nov
46% Mar
8
17%
Jan
7% Mar
4
Feb
130
1%
13
Jan
4%
Jan
5
3*2
24% May
.
Jan
103%
Jan
1% Jan
12%
23% Mar 13
113% Feb
26
xl04
8%
112
Jun
Nov
2% May
Jan
Mar
Nov
6% July
25% May
115
Aug
Jan
Sep
23% Mar
15%
60
Jan
91
1644
Jan
81% Mar 10
22% Jan 20
% Jan
2% Mar 21
17% Mar
88% Jan
22
25% Mar 16
Mar
Jan
6
22
Jan
14
110
19% Feb
8
23% Mar 16
17
#T%- Jun
Jan
59
24%
15% Jan
8
19
110
Dec
July
Jun
23% May
102% Mar 18
...
5
Feb
99
14% Jan
25%
Dec
Jun
11% Mar 22
4% Jan
95/4 May
6
8U
Mar 21
60% Jan
74 ■' May
14
Mar 22
Jan
7
18% Jan
4
46
Feb
2
i
Jan
3
X83
V
2% Jan [ 4
Feb
7
98
par
113
3
40
par
Jan
19
3
par
par
108
14
11% Jan
85% Jan
100
Jan
Jan
7% Jan
69
48 ;
5
Jan
14%
Sep
59
Jan
85%
Mar 16
14%
Jan
22% July
Mar
41
Jan
48
>92% Mar 24
...20%
i
,
2
Oct
Jun
A
Jan
1%
Jan
3% May
18
73%
Sep
9744 Aug
48% Mar 22
24%
Jan
45%
83
Jan
25%
Jan
90%
Jan
1% Mar 24
3% Mar 13
100
Feb
Feb
17
Jan
3
104
36% Feb
8
45
104% Jan
3
8% Jan
100% Jan
3
13% Mar 18
25
107% Mar 22
144 Jan
3
1% Mar 15
Mar 21
104% Mar
8
8
11% Mar 16
3
36% Feb
1% May
102
Jan
9%
Apr
101%
Dec
2% May
i! Jan
\
r
3%
6%
Dec
8
Oct
108% July
4% Jan
80
Sep
41% July
>
Jan
17
/#■ 7% Jan
Apr
July
13% May
29%
Feb
37
Sep
24
Dec
26
July
31
13%
Dec
18
Apr
25% Jan
3
33% Mar 22
21%
Jan
32% May
29 # Mar
2344 Nov
—No par
24% Jan
3
100
143% Feb
15
100
RR
1
Co Inc
No par
(The)
10
1
Corp
No par
100
Sugar
preferred
No par
No
preferred
fl"*
class
Hall
800
Hamilton Watch Co
Co
preferred
4
A
67
Feb
27%
154
Dec
57%
Sep
65
Jan
50
Sep
21%
Dec
138
5
3144
Jan
22% Jan
24
14%
Jan
11% Jan
13
12% Jan
14
11
Jan
11% Jan
27
Nov
3% Jan
123
Jan
644 Jan
33
Jan
M.
4
26
3
3
Jan
5
Jun
81%
Jan
160%
Jun
15% Mar 20
3%
Jan
10% May
56% Mar 20
25%
Jan
41% May
46%
Mar 17
4444
Dec
50% July
Mar 22
21
29
20
37 % Mar
12
Mar 23
17% May
10%
#. 2%
Mar 14
27% Feb
15% Mar 13
13% July
Mar 13
35
10644 Mar 17
>
4% Mar 10
13
150
25
10
Jan
Jan
Jan
3
50% Jan
«
100
8
43% Feb 17
19% Jan >3
T?oh
No par
18
150% Mar 22
29
Water
preferred
Mar
60
25
Corp
Printing
39
15% Jan
600
6 %
13%
5
Mar 16
Feb
8
131% May
2% Jan
21% Mar 16
Sep
July
Jan
preferred
Hackensack
56
25% Mar 15
12%
30
137 f: July
Jan
3
16
107
107%
Nov
44%
13
Gulf Mobile & Ohio RR
*35%
*11%
Jan
128%
Jan
Grumman Aircraft
36
*106
83%
18
Ry 6% pfd—No par
Greyhound Corp
29
12
21
Feb
9%
Preferred
Oil
Dec
Dec
14% Jan
Great Western Sugar
«R
Sep
3
120%
July
Prop—No par
Ore
Great Northern
Gulf
93
Jan
24
8%
119%
15%
Co
Iron
Guantanamo
44% July
Jan
1% Aug
59% Mar 13
32% Jan
5%%
39% July
8
100
(H L)
Nov
23% Mar 20
preferred—
Green
32% May
4
-
(W T)
98% May
148
131
109
No
No
No
No
Hosiery
Nor
Jun
110
20
9,100
16%
5
10
16.000
107
3
120% Jan
113%
3
Jail
5
14%
4'a
Jan
3
3
10
,
117
19
45%
12
6
Jan
4% Jan
53
*16
Jan
34
43% Jan
17"% Jan
13%
*10&
30%
37% Jan
9% Feb
45%
16%
Jan
3% Jan 20
51%
12%
Jan
5
9%
Jan
20%
130%
8
15% Feb 28
14%
"51%
71%
18
Mar 23
97% Mar
28% Feb
No par
53%
.
18% May
Granite City Steel
46
.
8% May
Jan
1
5
45%
107
13%
144
12,300
'
Jan
7%
12
No par
(B F)
Green Bay & West
62
*46 4'a
21%
52
107
v;
20%
55 %:
*16%
47
*11%
46
#
*55
62
47
11%
52%
15%
*55
#
140
-
21%
45%
13%
46%
3,500
27.44
150
12%
12%
4
r
62
46%
27
150
20%
11%
4%
46
27%
150 Va
27%
150
*11%
"21
20%
*11%
*4
27%
150%
*55
62
*4544
#•:,
46%
20%
20%
150%
27%
150%
27% ■27%"'.
27%
62
*55
62
V
150
150
150%
2%
150
'
*149
Mar 17
6
No par
5%
Jun
Aug
15% Mar 16
••V
Grand Union Co
Great
9%
151
Jan
15
Graham-Paige Motors
Granby Consol M S & P
Grant
Jan
Mar
4%
14% Jan
—-—-1
Co
preferred
conv
134
2
No par
Goodyear Tire & Rubb
$5
19
20% Feb
Rubber Co-
Brewing
Preferred
11
Jan
31%
Corp——20
preferred
Gotham
5%
8% Jan
10% Mar
Mar 22
Gold & Stock Telegraph Co
5%
Jun
75
Safety Razor
Goodrich Co
Aug
51
12
conv
tGoebel
Dec
107
Jan
51% Jan
preferred ———100
No par
preferred
No par
Gimbel Brothers
No par
$6 preferred
No par
Glidden Co (The)
No par
4%% conv preferred
50
Gobel
(Adolf)
1
$5
11%
Jan
37
100
&
Jan
102
147
3
3
20% Jan
4% %
Gillette
6%
14
No par
Instru Corp
Tire
Apr
3
preferred
General
Mar 22
Jan
113
preferred—No par
Telephone
Time
Jun
Apr
53%
26
'
*100
V47%
*48
1 %
*1%
3%
*99
48%
*48
48
48
1%
500
81
13%
89%
*20 #
190
24.400
11%
13%
13 4'a
20
3,700
,
103
10%
12%
3%
43%
22%
*79%
General
6%
,
*102
102
89%
*1%
V
25 3a
~6%
14%
Jun
Feb
General Shoe Corp
Gen Steel Cast $6
Jan
9% Jan
3
51
2
No par
General Refractories
1,500
90
48
*47
V-
3,200
17
580
Oct
1
2244
83%
13
1% Jan
.
30% July
1% Jan
—100
1
preferred—-——
Realty & Utilities
$6 pref opt div series
3,900
14
19%
125,700
par
10c
No par
6%
'
'
2044
20
Railway Signal—
Gen
74
1344
•V 13
V
102
102%
102
Gen
2
22%
80
*102
3,400
;
■
23
21%
11%
79%
No
preferred
Public Service
25%
22%
102%
$6
Gen
113
*110%
2344
■
22"%
20
Mar
6% Jan
107
Jan
47% Mar 13
19% Feb 16
1
2,700
;
83
21%
23%
:
v/*
-
*16%
25
21%
1%
22
22%
*110%
23
General Printing Ink
134
17%
83%
■
22%
23
102%
*110%
v-
-;
Gen Precision
2,100
73
73
17
21%
21%
:
■
22%
.
25
25
■
21
>110%
*110%
*110%
70
75
25
84
74
83
*
70
1,300
7%
*110
'
-
2
1%
2 4'a
1%
2%
1%
65
23%
23 ia
17% V17%Va
1
..
22%'
113
*110
113
*110
113
60
59
Equip Corp—No par
20%
*106% 109
1%
22%
22%
21%
22%
22%
*1%
1%
1%
1 Va
109
*106%
*106% 109
109
36% Jan
'4% Jan
19%
V
5
L07% Jan
125% Jan 28
No par
-*-No par
A
7%
7%
"
14'a
preferred—
Outdoor Adv
20 Va
20%
*20%
7%
8
*110
113
20%
20%
20%
*106%
22%
——No par
No par
14%
f
-
100
10
*—No par
series A_No par
Jun
4% May
Jan
5% Mar 13
41
113
244
115
—No par
—No par
4%
9%
14% Mar 17
Feb 16
Feb 24
<
Jan
1% Jan
Mar 17
54
Jan 3
Mar 17
Feb 10
Jan 11
102
Jan
4
128
Mar 18
51% Feb 4
preferred
Jan
18
3
3
4
4
3
*. V...'.-
2%
•
7
22
29
8
Jan
Jan
Jan
Jan
Jan
#'\V
*
Common—
21
*110
Io,;
preferred
$5
•
No par
*
:
General Motors Corp
58%
6%
7%
-
—100
preferred—*
,•# '
General Mills
127%
127
7%
General Electric Co
Feb
6%
4%
11%
81%
26%
140
35
Mar
15% Jan
7% Jan 24
100
No. par
preferred
cum
Gen
7%
,
2344
#13
5744
58%
126%
7%
General Cigar Inc
4
4
5
143
No par
$6 conv preferred
130
126%
58%
preferred
Gen Amer Transportation
Gen Gas & Electric A
109
*129
No par
_5
General Baking—J——5.
$8 preferred——————rNo par
General Bronze Corp
1
_5
General Cable Corp
—No par
$6
Class* A
4% Mar 11
3
25% Feb 10
16% Mar 7
4% Jan
3
13% Feb
1
51
Jan
3
10% Feb 11
106
Jan 4
43% Jan 3
par
No par
Gen Amer Investors
$4.50
4444
106% 106 %
23% ;
"108
130
Co
General Foods Corp—
119
:
5
50
t
2%
*117 Var
109
130
127
7%
110
n%
.
"107%
21
2144
*7%
*11144
109%
129
6%
*21%
>106%
120
*43
7
6%
*117
21,100
'
115
'
2%
2%
2%
2%;
119
;
57%
59
58%
2%
114
36%
1
Wood Industries Inc
50
149
'
36
ho
;
Gaylord Container Corp
5%% conv preferred-,
Gar
270
1,600
42 44
41%
42'/4
113%
149
36%
V;V'36
.
(The)
Co
2% Jan
2% Jan
12% Jan
1
20
preferred—
No par
1
1,500
93%
2744
150
150
*148 ^ 150
36%
>
3,400
2744
93
93%
27%
3,800
5V2
14
30
9
-
5%
5%
5,300
146
14%
9
14%
93%
113%
*
5%
14%
27%
■
150
36%
36%
36%
36%
5% !
15%
1,300
8%
8%
145%
8%
5%
150
46-48
46
46%
145%
95
36%
4,400
;.■■■;>■■■ „i
9
15%
*148
12%
146
8%
900
250
12%
12%
107%
46%
.7,700
,;■■
54
12%
*106%
47
14%
*10644 107%
54
54
54
8%
28
15%
95
■V 27%
5%
■
54
8%
;v.9vv;
9
5%
#14.%
*144%
145
145
5%
14%
107%
47
8%
844
.
■
5%
*14%
V13V#
*106%
4644
542
:
53%
53%
»
27
*17%
18
14%
5%.
14%
107%
47
'
.
27%
♦18
1844
12%
.
844
8%
*144% 146 V'j
9%
9
1
844
146
1,300
14%
*52
107%
8%
5,200
14%
*106'/4
12%
107%
>143%
3%
*14%
46 %
*1244
*106%
*46
3%
14%
5%
V
53%
*52
63%
3%
14%
14%
3S'8
14%
6%
No par
(Robert)
Inc
Co
3%
14%
14%
'
14%
V
(The) cl A—
3%
28
*18
Si's '
i
*1444
.
14%
28
1844
*18"
14%
27%
'
3%
3%
27%
15
14%
-■>27-;
-
4
3%
3%
3%
%
4
444
*4
4
3%'
'
•
3%
4
16% Mar
14
Jan
22%
Feb
28%
Sep
6
35
Jun
38
Apr
8
12%
Jan
18% July
9%
Jan
17
107% Jan 24
104% Mar
15%
Jun
110% July
•
¥
FINANCIAL CHRONICLE
THE COMMERCIAL &
; "¥AA;
1258
Monday. March 27. 1544
NEW YORK STOCK RECORD
Monday
Saturday
9 per
$ per
share
107
106%
17
16%
17%
*
'
-
108
7%
3
100%
100'A
¥
*161
135
20 Va
:
22
*21'A
a
*38%
38%
383a
39
A
39
■
*14
*15
:
14%
14%
14%
>:
'
14 Va
A;¥:14¥-'
'
*116
*116
"
*116
41%
413a
41%
44%:
43 %
44
¥> 41%
41%
44 Vs
15%
64 Vs
63
111%
*111
111%
10%
10%
34 Va
34%
34%
34 Va
34%
23%
10 Va
10%
10
•:
63%
11%
10%
11%
10%
11%
35
34
33%
i
1%
9%
23%
10 Va
10%
10 V«
10%
Va
1%
1%
1%
25%
26%
26 %
26%
26
16%
17%
¥6%
>17-¥A
•
26%
17%
16%
17 Vs
16%
:
38%
38 Va
39%
36%
38%
3714
56%
56%
14
14
11%
11%
17 V*
17 Va
17%
40
40
40 Va
97
95,%
96
1,000
*160%
165
*160%
165
70%
71 Va
171%
172%
8Va
8
8
113
„
8
8%
8 Va
71%
71
'
171%
172%
172
(
7%
8
*171
173
■
16%
*68%
133 Va
*132Va
5%
15 Va
74%
75 Va
Va
9.%
*75
•¥
9
*74
9Va
8%
75
75
37%
69 'A
75%
42%
*16%
17
68%
*110%
127 :'
13%
13%
13%
14%
13%
14
14%
17
16%
16%
16%
A. 31%
.31%
*31%
A
17%.
16%
v;
127
13%
.
>
13%
13%
17%
*16%
16%
16
14 Va
2,700
16%
1,800
16%
*31%
16%
31%
31%
¥31%
31 Va
31%
t
600
200
•
31%
.
*140
140
140
*140
Jan
2% Jun
Jan
31 % May
Jan
48
May
4
Jan
13
May
3
86 %
158 Vs
Jan
7
76% Jan
20
3
11% Mar 13
—1
7% Jan
28
Feb
¥6% Jan
Apr
168
Jan
Apr
8% July
24
21%
Jan
38% July
114% Mar 13
106
Jan
115
Mar
8% Mar 17
6
Nov
9
Mar
2
6
Jan-
9%
8% Mar
27
144%
Jan
1
74
Jan
31
56%
4'A Jan
3
1
66
19
Mar
Jan
67
-July
A 3%. Jan
¥ 5% Feb 21
28% Jan 17Feb
134
25
7
16% Mar 16
8%
Jan
75 Va Mar 13
45%
Jan
3
Mar 22
3%
■75% Mar 17
.37%
43
Jhn 31
13
37% Mar l6
28
14% Dec
11% Jun
71 Va July
44
Apr
38% July
Jan
36
Jan
56% Jan
71% Mar 10
3
Feb
3
12
11% Jan
9
102%
6%
Jan
60
11% Jan
12
14% Mar 22
6%
21
17% Jan
15
9%
Jan
Jan
4
16% Mar 15
10%
Jan
Jan
6
31% Mar 22
27% Jan
15
29
135
Mar 15
141
138% Jan 17
'July
16% May
16 Va May
Jan
15% Feb
•
Dec
115
Jan
14% Mar 22
120V8 Mar
July
69% Dec
r
July
13
35% Jan
:_1
'
Jan
39
Apr.
138
Jan
10
39% Jan
—————J.
36%
Dec
11
68% Jan ¥4
par
6% May "
Nov
129
14
Feb
117
% May
Jan
Jan
A 7% Feb
par
par
par
4
%
11%
6
13% Feb
50
July
55'A
69% Jan
3
Jan
Jun'
177
20
2% Mar
13
26 Va Mar
Sep
74%
17% Mar 23
3
Jan
Apr
177
■
Jan
162
173% Jan 12
4
1% Jan
15% Jan
100
-
Jan
.
165 Vs Jan 28
No par
No par
15%
Jan
5
130
78%'Jbly
6%
Jan
A
July
3
69% Mar
—-No par
100
V
9% Nov
174
65
Jun
100% Apr
7
8% Mar
A 34% Jan
44%
•
Nov
154% Feb 29
15
100
-
¥
62
19% July
A
27
:
6% Jan
100
No
No
No
No
162
26
109% Jan
—No par
—
14
Feb
99
Jan
32% Nov
41% Jan
6
Mar
158
31
preferred—
11 Va
3
preferred
Intern'l Telep & Teleg
Foreign share ctfs
Interstate Dept Stores-..:
Intertype Corp
.Island Creek Coal——
16% May
18%
37
18
10 Va Feb
7%
•
17% Mar 23
71% Feb
Co.
;
Jan
58% Feb
.—¥.—-20
—_
■'
3
3
conv
$6
'•¥'
8
Jun
4
10
par
International Silver—
"
4%
Jan
88% Jan
International Shoe
¥
A
15
Jan
38 Va Feb
International Salt
10
*140
*138%
__
•
65,900
*13%
16%
Xl6%
16%
:
——
16 Va
»•:
>
400
A
16%
14 Va
Apr
%
17% Mar 22
3
par
100
Paper
27
Feb 25
No par
—
preferred
Inter Rys of Cent Am
5% preferred
5%
1,300
69
127
•
14 Va
14 Va
Preferred
200
-
37%
*67
*110
67%
.
*110
13%
17
66
68%
127
13%
16 3 4
32
290
43
37%
37%
.37%
37%
*67
*110%
41%
14% Mar 22
Co
International
.
8,300
75%
*42%
July
Jan
17% Mar 16
4%
60
2,400
9%
43
9 %
30%
9% Mar 22
4
preferred—
—.—-100
International Mining Corp—
1
Int Nickel of Canada
No par
¥;
17,700
74%
75
74%
Feb
4
Hydro-Elec Sys class A
25
International' Min & Chera—_5
18,200
fl5%
9Va
.
43
13%
16%
*16
*31 Va
'140
74%-
74%
Steel
.
Jan
24
Int
2,500
'
133
133
74%
9%
13'A
A
5%
,
27-
15
74
*13%
14
A
•
•
127
*110 %
13%
*13%
5%'
26%
15%
43
37%
100
133%
10
*42%
69 Va
.
>27% A
Nov
Jan
8
-
10,100
15 V4
T:'/;75
74
5%
5%
74%
9%
■
V.'
17%
*68
69 Va
26%
15%
X74
17%
A
July
68%
15 Va Jan
No par
Int Business Machines
International Harvester- ......No par
100
Preferred
——
-
150
2%
*132%
134
15%
37%
3 7'A
*67
69
*67
127
13%
*132%
9%
9%
75%
'
!110%
27%
74%
42%
37%
27
.
17%
*68
69
;.5%
15%
74%
¥■
¥
133
15%
17 Va
17
.69
5%
27'/a
75%
37 Va
37%
69%
V 5'A
43
*425/a
43
*42%
■
133
15%
75%
A
133%,
15% A 15%
*132
69
26%
27
26%
27
26%
2%
1634
5%'
5%
5%
5%
2%
¥
69
*68'A
69
*68'A
17
16%
17 >:>;
16%
2%
>A" 2%'
2l/a
2%
*16%
12
114
59% Aug
>
10
Jan
No
Interlake Iron.
2,400
2%
2%
2
July
46
preferred———,—. .——¥100
6%
2,900
172
*171%
2%
2%
21
11
10% Jan
Intercont'l Rubber
100;
70%.
70%
Mar 22
35
6
Interchemical Corp
20
6,700
14,800
8
71
3%
4
Mar
x!6V4 Jan
Insuranshar^s Ctfs Inc—
>
600
A:
7%
172
172
172
2%
600
33%
7%
171
70 Va
71'/a
•
172
•
171
174
.71
-
8
.
Inspiration Cons Copper—
113 Va
*113
■
3
11% Mar 23
1000
Lt_ —No
Rayon
Inland
8 Va
7%
.8%
*169
Industrial
Ingersoll-Rand
V
6 % preftrred
'
■
66% Jan
112
1% Jan
.——100
1 300
*32 Va
33 Va
113 Vs
8
8Vs
175
33
3
Sep
July
,
57% July
Jan
Mar
3
Feb
7% Feb
—100
series A—
4,200
A 8%
*8
*113
33 Va
33 Va
113
113 %
*169
-71%
172 V2
8 Va
44
105
9
64 % Mar
3
Jan
Jan
30% Feb 21
100
11
107a
11
8
.
8 Va
71
11
17
63
•:
74%
A 74%
74%
74%
•
11%
8%
8%
174
*170
170
75
11%
•
33
33
*113
165
>75
45;
Jan
108
100
—
..
\%
lines
Indianapolis Power &
1,600
95%
Central RR Co—.
RR See ctfs
1,500
*39 V8
97%
8
8
,
1
33
113%
7%
8
i
8Va
8
8 Va
8 Va
*113
8%
*165%
>17%
39%
*160%
11%
11
11 Va
*32%
33%
>8%
17%
96%
75
All
113%
-
17%
165
*73%
8%
*8 Va
*32 V*
*113
97%
*160%
*160%
75 Va
Jan
9%
——
&'Manhattan——
Leased
880
39%
98%
99
165
*73% •75
*98
98%
165
75
36%
17
Jan
16
3
54
preferred series A—
6%
1,650
13%
14
*98
>-
13% Jan
Idaho Power Co-———
Illinois
5,800
56 %
*160%
44% Mar 16
42% Jan 20
Apr
Aug
2% May
13%
'
42%
Jan
56
;
Jan
14
14%
;
31
1% Mar 15
56 %
'
25
45% Jan
-
1% Jan
14%
17%
117
I
55%
39 ¥.
Jun
12%
Hupp Motor Car- Corp——
14%
;
17
115
4
No par
5
17% July
Sep
116% Mar 24
11% July
57%
39
6
Jan
29% Mar.
13%
16%
25% July
40% July
7
7
10%
56%
-
Jan
Jan
Jan
37,800
37%
•
3
Feb 23
Jan
16%
28%
Jan
16% Feb
10
13 \a Jan
39
7
% Jan 12
15% Mar
13% Jan
21% May
14% Jan
21% Mar 14
22
Jan
2.100
A
16%
16%
17%
July
Aug
5,800
26
16%
17'
37
39%: A
118
Jan
13
17
Jan
4%
56'A
39
100
22%
13
a
3
11
56
17%
71
10% Mar 16
36%
397
Jan
26% Jan
37'A
17 Va
66% Mar 18
116% Mar 3
49
136% Aug
4
•55%
39%
Dec
4
4
55%
*
Jan
8% Feb
36%
*13'A
Jun
73
128
22% Mar
37%; A
■
Dec
87
5
Mar 10
6,700
1%
26
26
.
29%
12% Jan
100
5%' non-cum preferred..No par
Hud Bay Min & Sm Ltd—.;.
,No par
Hudson Motor Car—;
5,000
1%
Jan
134
39
100
Hudson
1,100
Aug
25
81%
4
18
No par
__
■Howe Sound Co
2,300
9%
1%
26
1
23%
10
10 V8
i%
■
172
152
21
2
preferred
Houston Light & Power Co._ _No par
—25
Houston Oil of Texas v t c.
.3,400
Apr
Jan
Jan
27% Feb
4
116
5%
69,600
.
71
21
Household Finance
•
1,600
'9
834
23%
23%
9%
A
26
*25%
•
\ 9%
23%;
A'
'
1%
*1%
1%
9Va
1%
1%
8%
1
■
33%
x33 %
400
AA¥ 40
v
63%
23%
1%
111%
64%
8%
1%
•
61%
61%
*111
B—
Class
110% July
Jan
2G]/4 Jan
12.50
Houdallle-Hershey cl A—
>
3% May
Jan
56%
19% Feb
100
Homestake Mining
2,500
15%
15%
:■;',¥
63
111
64
23%
1%
1 Vs %
300
35
-
1%
1%
7,700
44%
*43%
Jan
93%
36% Mar
_No par
preferred
1%
'•
64
8%
;
10%
23%
t-.
15%
15%
*60
xlll
63
,111%
V
23%
8%
24
A
*
44 Va
64'
10 Va
.
23%
41%
41%
*43
20
1%
3
163
Jan
..5
(A)
Holly Sugar Corp———
800
Oct
10% May
Dec
4
;io
(Del)
Hollander & Sons
200
'
116% 116%
41% .41%
10%
64%
10%
1%
I *8
8%
8%
*111
Furnace
6
Feb
V .10
(O E) The.
'
'
64 Va
1%
2
*1%
;
14%
A
14
14
15%
15%
*60 A
63
10 Va
34%
.
15%
14%
Holland
900
7% May
109%
Jan
6
25
Jan
i-1
Hires Co
"
44%
111%
*111
:•
64%
10 Va
*14%
15%
*14%
'
Hinde & Dauch Paper Co.— A-
100
37%
41%
*42%
15 Va
15%
112
64%
'
65
*64%
41%
:
44-
*61
63%
37%
*116
A
41%
*42%
.
15%
•
15%
15%
*62 Vs
•
37%
14%
,,
*116
'
21%
23
No par
200
21 Va
21%
37%
15%
15%
15%
14
*20%
21%
39
38%
;
15%
,
21%
144% May
Jan
75% Feb
27
Jan
18% July
Feb
106% Jan
Mar 11
Jan
Jan
4%
86
20
A; 3
2% Jan 28
Mar 13
99
63% Jan
Feb
7% Feb
108
3
160
13%
7% Mar 15'
5
6% Jan
-
$4 conv preferred—
—
.
*21
A22AAV
*21
39
*15
■
16
*15%
21%
"
-
*116% 118
*20%
20%
20%
21 Va
*21
21%
68
*116% 118
118
*116%
118
*20 Va
20'/a
21
134
*66%
67%
*65%
*116
79%
133
135
*134
¥
67%
2514
79%
79
104% Jan
—.
Hazel-Atlas Glass Co.
14
Sep
Jan
135
Mar 13
146
8
5% Jan
—?
25
Helme (G WL
.
——
25
7% non-cum preferred—
100
Hayes Mfg Corp
Jan
107%
99%
17% Mar 16
15% Jan 13
138
,
$ per share
share
per
11
Feb
108
Highest
Lowest
$ per share
12
105% Jan
20
7,800
. Hercules
Motors*-...
—.—No par
2,200 • Hercules Powder———No par
30
6% cum preferred——
*-100
100
Hershey Chocolate—.——-No par
v*161
__
24 V4
24%
79%
80
*131% 133
*66
68
__
24%
25%
79
*115% 118
21%
72%
.
3,400
660
200
2%
2%
100
100%
70%
70%
2%
101
72%
*161
25%
¥
25%
*66
2%
100%
*161
161
80
66 Vs
118
*20%
74
*134
135
66 Vg
*115'%
7%
,7%
101
*72%
79
79
*134
100%
'
800
30
400
Far
No pa*
Year 1943
1
Highest
$ per share
Hanna (M A) Co $5 pfd
Harbison-Walk Refrac
No par
6% preferred
——100
Hat Corp of Amer class A
——1
6%% preferred
100
Hayes Industries Inc
—
1
—
.
/
,
180
1,800
*106
16%
3
25
25%
78%
2%
100%
; 73 ¥
161
J*'i:*
•
25%'
f?
7%
3
*72%
'
108%
7%
2%
.
100%
75
*72%
7%
Shares
t per share
106%
16%
16%
*147% 150
*147% 150
¥• - 7 >
.7 1,•¥»>■': *6%
7%
*107
108%
*107% 108Va
7%v
7%
•
7%
7%
7%
*107
'
*7%
7 Va
3
A
AA. *7
108%
*107
108
108
Range since January
Lowest
.
106%
16"A
150
*145
<
7%
7%
7%
7%
7%
7
*107
150
>
106%
16%
16%
17
*145
150
*145
150
17
'
/
share
$ per
106%
*106
106%
106
106%
16%
Mar. 23
A¥
$ per share
A A $ per share
share
*106%
*145
¥••: Mar. 22
Mar. 21
Mar. 20
Mar. 18
Thursday
for Previous
Kange
¥>/:■■¥•<¥¥-»
A.¥v¥. '
STOCKS;¥v A;;;¥A¥A¥':
Friday
Sales for
NEW YORK STOCK
Mar. 24
theWcek
EXCHANGE
;¥> ;,v;¥¥•¥>¥ >,•
LOW AND HIGH SALE PRICES
Wednesday
Tuesday
18%
Jan
Sep
18
-
Jun
32% Apr
145% Jun
.
29
•
*107
93
«.
*83
<
..91
¥
100
23
66
66%;
•¥73%
75%
11%
*n%;
*65%
.
>'
23%
23
23%
66
66
66
66'A
66%
75
75
75
75%
11%
11%
11%
11%
11 Va
22%
¥65
,
—100
107% Jan 21
Johns Manville Corp——No par
Preferred———
100
& Chicago RR stamped—100
2,500
91
h
-.-——No par
preferred
100
-
121% Feb 17,
22%
66
65%
65 Va
900
75%
75
75 %
1,500
11%
11%
11%
800
1
5%- pref series' B couv
Joy Mfg Co
.;•■¥¥. :■■¥¥;;;
¥\
.
;'¥->
/•
'¥
.
••
.
¥'.
20% Jan
•¥;. A..
3
Jan
5
66% Jan
4
58
10% Jan 14
,¥;' A- ¥
•
A '¥
';¥•
■
• 70
78
-
Jan
Dec
Aug
19Va Jan
23% Mar 16
66% Mar 22
76% Mar 16
11% Feb 25
A'" ¥ V>;
.
125
—
—
—
No par
i
100
100
.1
Jones & Laughlin Steel
5% pref series A
1.
11,800
22%
99 % Mar
110
;84% Feb 15
Joliet
100
9% Jan
26 Feb
15% Mar 22
31% Jan 14
Feb 10
96 • Mar 13
131% Feb 9
13% Jan 3
28% Mar 24
—1
Jewel Tea Co Inc
-
4%%
23%
74 Va
11%
11 Va
A
90%
*83
100
*83
100
22%
1,800
Jarvis (W B) Co——-
3,400
Ill
.
*121
*121%
74 %
:
74Va
•
*83
*107
90% >92%
93
23
22%
28%
29
111
121A 121 j j.
100
1434
28%
14%
15 Va
15
29
*107
92%
A
*83
100
*83
23%
*121
.
15%
29
111
93
93
'¥
15
29
*107
29%
111
*107
'J~
*1211
*121,1
is ¥
14%
28%
29
111
..91-
'
111
.
92%
29
*107
;■¥
!
14%
143a
14%
14Va
29
Nov
54
64% Dec
;.V'a".'. •:»" ;A ;
8% Jan
..
,-A¥; .¥
. ■
16% July
34 July
109 % Aug
92% Sep
July
Aug
136
79
26% Apr
65 Apr
82 ' Apr
12% Jun
V-A
•¥/.:•¥¥
K
*18
19
*122
.
19
11%
10%
10'A
36 Va
36%
'-¥35 %
14 %
14%
14%
14%
14%
14%
*103%
103%
103 Va
103%
103 Va
103 Vs
103 Va
A18%
18%
18%
18%
*18 V4
18%
*18%
*
112%
*110
110
110
36
36%
:
38
38%
110
*122
103%
37%
112%
*110
37%
4,900
: 600
103%
40
A18% A 18%
A 400
*10338
19
*18
19
43,300
15 Va
:
*15
14%
103%
,*20%
21 Va
16
16%
21%
21%
21%
21%
21%
21%
21%
21%
16%
16%
15 Va
16%
16
16 V4
16%'
16%
16
16 3A
>112
112%
¥31%
32
112
112%
112%
*112
112%
112%
112%
31%
31%
31%
20
19%
19%
*33%
35%
*112
113 Va
32
32%
*20%
34
*33%
34
4%
23%
4%
*61%
23%
61
*4%
61 %
*4%
23 %
61%
23 3 4
*8%
9
*8%
19%
34
29%
¥ 29%
29%
35%
35%
35
35 Va
31%
4% •■■A&'A;
34
31V4
20
20
,
31%
'>.
*19%
34
*33%
5
•35%
5%
5
5%
61%
62
62
63%
62
63
23%
23%
23%
23%
23%
23%
9
9
29%
112
31%
20
*33 %
20%
19%
20%
*33
31%
•
/
•
'
5Va
5%:
62%
*61
23%
23%
9%
*8V2
9%
*8V2
9'/a
30%
30%
30%
30 Va
30%
30%
35
35
*8Ys
30%
:>■
*29%
35 Va
35%
34%
35%
35
9
10
112 Va
*110
112%
*20 3 4
*20 Va
—
12%
37%
•37%
103 Via
1,100
128
,
12
12 3a
A 14%
15
110
11%
18 Va
18%
19%
128
*122
12%
39 %
15
112%
*18'A
19
128
122
12%
10%
10%
18%
128 '
122
128
*122
■
18%
18%
18%
128
::A 10 3 a
A
35
A
400
3,000
124
Mar 13
6V2 Jan 3
19% Jan: 4
13% Feb 19
x!22
No par
1O0
102
Jan
17
Jan
.
5
Kayser (Julius) & Co——5
Keith-Albee-Orpheum conv pfd_100
•• Kelsey
Hayes Wh'l conv cl A—1
4
5%
conv
preferred—
—
Mar 45
Jan 25
110
20
A 13 Va Jan 26
_1
B-
Class
Kendall Co $6 pt pfd A
No par
Kennecott Copper
:
—No par
Keystone Steel & Wire Co—No par
100
VKimberly-Ciark Corp.——No par
4,900
Kinney (G R) Co
_1
1,290
~
$5 prior preferred
No par
1,800
Kresge (S S) Col————10
100
Kresge Dept Stores———1
! A 700
Kress (S H) & Co
———No par
2,200
Kroger Grocery & Bak—..—No par
jv ,
• " V
' "*• / j Vr'*5 10
30
1,800
• 19
^
Jan 21
112
13,900
Feb
% Jan
Mar 21 xl2% Jan
Feb 25
121 Dec
12% Mar 21
5% Jan
A 39% Mar 11; ¥ 19
Dec
15 Mar 22
; 7% Jan
■
105 Feb 10
83
Jan
A19% Feb 3
11% Jan
110 Mar 6
103% Feb
22% Mar 8
:14% Jan V™ 16% Mar 17
8% Jan
113
Jan 19.
102 >, Jan ;
32% Mar 17
28% Jan
20Va Mar 8
15 Vs Jan :
35% Mar 14
25 Jan.
A 5% Mar 22
1% Jan
63% Mar 2234% Jan
24 Mar 6
18% Jan
9Va Mar 7
2% Jan
. 31V4 Mar
2
23% Jan 35% Mar 17
24% Feb
' '• V '
;'V y'v/ ''i
19
16% Feb 29
10
Kalamazoo Stove & Furn
Kan City P & L pf ser B
Kansas City Southern——No par
"
4% non-cum- preferred——100
Kaufmann Dept Stores———
:_1
4
7
31% Mar 4
3
Feb 17
54% Jan 28
22
Feb 11
6% Jan 25
27% Jan 4
31% Jan 4
''
Sep
19%
10%
.29%
Aug
127
Apr
Apr
Sep
Nov
17 Sep
115 Dec
24% May
16% May
113 Apr
35% Apr
20% July
34 July
6% July
58% July
24% Sep
10% Apr
32% Sep
17
104
32%. Nov
'xV ' ■ ' ' ; '
L
12%:
12 Va
12%
12%
12%
12%
11%
12
*11%
69
67%
69
68%
68%
68%
68%
*68
69
28 Va
28 r%
28%
28%
28%
28%
¥ 28%
28%
28
28 %
21%
21%
220
12%
69
21%
21%
21%
21
21%
21%
21%
21%
21%
21%
40%
40 3 4
40 3i
40%
40%
41%
40%
40%
*40%
9%
9%
23
23
115%
117
6 %
6%
9%
9%
9%
10
23%
23%
23%
23%
117
115%
115%
*115%
116%
7 Va
7%
6%
7%
7%
6%
7%
7 Va
1%
1%
1%
1%
1%
22%
22%
22%
23%
32%
32%
32%
32%
19
19
19%
41
41
*40%
For
1%
23
1%
1%
23%
22%
1%
23
9-%
23%
'116
6%
170
2.100
1,300
5%
Lane
1
Bryant
Rubber & Tire
15
29% Jan
17% Jan
19
,__5
38% Jan
3
41% Jan
Jan
3
10
22 % Jan
6
Jan
7
4 % Jan
3
11
62
No par
(The)
Lambert Co
1,000
Lee
9%
8,000
Lehigh Coal & Navigation Co-No par
23%
3,200
Lehigh
116%
10
41
39,500
7%
1%
7,000
1%
22%
23 %
13,000
'
1,700
4%
__25
preferred
_100
Lehigh Valley RR
Lehigh Valley Coal
6%
_
Portland Cement
conv
conv
Lehman
preferred
Corp
(The)
50
No par
50
1
5
32%
32%
32
32%
X31 %
31%
31
31%
19 %
19%
19%
19%
19%
19 Va
19
19
900
40%
40%
41
41
40%
41
41
41
1,100
Lerner
3,100
Libbey Owens Ford Glass—No par
45%
45%
45%
7%
7%
7%
42%
42%
42%
42 Va
page
1263.
46
45%
46
7%
7%
7%
42%
42%
42%
45-%
45%
45%
7%
7%
7%
7%
42%
42%
45%
*41%
43 Vt
11,200
500
Lehn & Fink Prod Corp
Stores Corp
McNeill & Libby
Life Savers Corp
Libby
Jan 17
11
14
13
Jan
27% Feb
No par
preferred
100
100
Laclede Gas Lt Co St Louis
19%
77«
see
-
<
*40%
:
41
45%
footnotes
9%
23
135%
22 Va
7%
9%
22%
117
1%
*41
9%
41
23
23
'115%
22%
45
9%
A
_Nn par
7
3
8
113
•
Feb
71% Mar 16'
6
21% Mar 13,
10
Mar 13
24% Jan
31
A 9% Jan
73
Oct
Jan
29%
Jun
11%
Jan
19%
Jun
26%
Jan
39 %
8%
Dec
9
Dec
Jan
29
July
Jan
120
July
20
2
107%
7% Mar 21
2%
117
Mar
1% Jan
16% May
Jan
17%
-.35
Jan
8% May
Jan
5
2%
Jun
Jun
1% Jan
29
4
24 Va Mar 13
11%
Jan
20%
15% Feb
4
32% Mar 20
24
Jan
32
29% Jan
18% Jan
5'
19% Feb
36% Feb
14
41
25
Mar 18
46% Mar 13
14%
Jan
22%
237/a
Jan
38%
Jan
43 Va
Dec
8%
Jun
3
6% Jan
3
7% Mar
9
5
Jan
8
43% Mar
1
30
Jan
39
Jan
.July
31
Jan
42
Oct
41
Jun
Dec
July
:
THE COMMERCIAL &
Number 4267
159
•Volume
■
■
RECORD
NEW YORK STOCK
'■
Mar.
Mar. 18
;
*72%
73%
76%
.
76
178
*177
*26
>
*73%
*26
73%
73%
73
73
75%
75
75
41%
41%
41%
38%
38%
38%
.1,500
41%
41%
40%
41% '
38%
39
39
20%
20%
20%
21%
21%
21
21%
20%
21
*23%
23%
23
23%
23%
23 V*
22%
23
17%
17%
17%
17%
17%
17 Va
17%
17 Va
17% >■
*61%
62 Va
61%
61%
60%
61%
X61%
61%
61
61%
61
43%
43%
43%
'
44
23%
■
18%
90
11%
11%
11%
11% »■:•<-.
11%
11%
31
31
31
18%
18%
18%'
31
31%
18%
18%
18%
18 Va
89%
89%
27
38%
15%
350
*350
391
7%
7%
•
3%
3%
3Va
.
6%
167/a
;15
'14%
•"I
•
>
2% —::3 >.;,>
6 V2
6%
.6%
16%
16 Ve
14%
18%
15
..
..
18%
14%
18^'a
18%"1
18%;
.39
21%
174
'
'
56%
57
5%
6%
5%
33%
33%
33%
*107
17 Va
29%
47%
23
47%
47
47
47%
47
100
*99%
47%
10%
10%
10%
*10%
'10%
*112%
113%
*112%
113%
•
9%
9%
9%
9%
9%
"87
90
*87
90
*87
81
81
81
81
*87
'■
90
*80
81
9%
*27%
29%
>*28
9%
41%
29
30
29
28
28
29%
29%
28%
7%
7%
7 Va
29
28%
7%
7%
31%
30%
31%
31%
122%
122%
120
,•49%
50%
50
112
,*110
7%
7%
102%
102%
19%
19%
20
20
7%
8%
105 %
21%
'
3%
3 %
32%
3%
13%
14
14%
13 Va >14%
32%
32
32%
32
79
78%
79
*78
'79%
78%
78%
*78%
78%
79%
115%
*113%
115%
*113%
115%
113
113%
*113%
*116
117%
*116
117 Va
*116
117%
116%
116%
116
110%
*109
79
109%
109%
109%
*109
109%
*109
111%
46
46%
45%
46%
45%
45%
39%
*37%
39%
*37%
38%
*37%
£ *115
''
20%
20%
28%
27%
28
82
*22
22%
*76%
22%
78
10%
76%
xll3%
10%
10%
*46'
10 Va
v
48
*46
*112%
/4
12%
u
13 Va
12%
36 %
36% :
35%
36%
35 Va
36%
36%
*35%
36%
16%
16%
16
16 Va
16 Va
16%
16%
16%
16, Va
10
10
10
2 0 lb
10%;
10%
10%
10 %
11%
11%
12
12
11%
11%
11%
11%
11%
ii%
11%
16%
2,300
10 Va
10 Vr
6,600
11%
10V4
11 Va
16% :
9%
12
*11%
11%
11%
•
*
18% '
18%
13%
13%
29% '
'
,
13%
14%
29%
n- 29%
14%
12%
12%
'
21
14% '
14%
15 Va
15
.
,
14%
'
,
J
m -io%;
*88 vl 89 % a :
28%'
28%
28%
29
"29' ■:'
■
89 :
143%
•30%
6%
>■
145
19%
20
,19% V
19%
*30
30%
-
/
-■-'61 VA
61%14%/ 14%
>
61%
>
-
19%
6%
>
*30%
*
6%
■
•'
A
6%
-19%
'•
6%
-!
■•
f
14%."
k) 14%
29%
29%
29
29 V8
,r
84%
84%
84%
84%
!■"!?>
89
89
89%
89%
89%
T
5% >
6
6
9%
9%
9%
9%
16 %
•16%
16%
16%
14%
;
'14%
;
v - 146
'
>
k
84%
89 %7
89 % '
6
*5%
9%
.
-
V 9%
*
*;
16%'' 16%
*84%
89
•85
•
•
:•
27
27
27
27
27
"98
101
*98
101
*58
60
59%
59%
108%
V
6 Va
6%'
■
-
108%
*108%
60
9%
16
:•.•-> >'
27%
"
*91
*
"iQ
60
6 Vt
400.
*27
r"
w':
'
-
'"6%
*59
•16%
■>■27%
:-
60%
*
30-
30
:
•'85%
>■'
*09
;>',•
;
.•
£
3.100
14,600
28%,
3,300
720
120
10
28%
29
28%
29
29
17%
17
17%
16%
17%
17%.
17 V4
14%
14%
14%
14%
14%
14%
14%
14%
101%
600
*101%
102
For
footnotes
ioi v*
101
see
page
1263.
101
101
*101
101%
*101
101%
*101
37'
Jan
4
42 Va Mar 24
25
Mar
1
30
>•
Jan
Jan
23%
Sep /
32% Mar
6
26 >
Jan
34%
Apr
7% Mar 18
5%
Jan
9%
Apr
4
.18%
Jan
30%
31% Mar 16
20 Va
Jan
106%
Jan
58
Feb
Mar
27% Jan
!
Feb
29
55% Feb
1
83% Mar 20
Mar 13
109
Mar 17
Sep
31%. Jun
128
Mar 17
112
Mar 17
3
110
113%
Feb
8%
Jun
'
Jan
:
Jan
98
July
25
July
3%
3% Mar
Jan
17%
Jan
75%
Dec
15% Mar 21
11%
42% Feb
15
47% Mar 15
35% Jan
11
31%
1
18% Mar 16
No par
1
—1
No par
No par
119
Jan
Mar
Apr
50
Jan
9Va
Jun
114% Aug
Jan
28
26% Feb
Nov
121
.
Jan
13
38% Feb
15% Jan
Apr
30%
92%
'
106% Nov
33 V*
21'% Jan
Apr
Jan
Jan.
Dec
:
July
76% May
Feb V
107
32% Mar 13
,
Nov.
107
112
3
July
18
124
4
26
.42,.
Dec
—r——10
Sep
12% July
25
105
29
Feb
78%
Mar 23
31
3
8V0 Jan
89
Jan
113
July
39%
Oct
27%
Jun
17
v
Jun
16% Jan
20% Mar 22
HVa
Jan
18%
26% Jan
29
18
21%
Jan
31
6 Va Mar 22
2%
Jan
7
V 77
4V8 Jan
Jan
8
53
Jan
22% Mar 24
15
Jan
Mar
.84
12
Jan
20%
Jan
17
70% Feb
10
.
62'
76% Mar 22
111
8% Jan
3
10% Mar 13
43% Jan
5
48
H
% Nov
1%
Feb
6%
Jan
15 Va
Jun
Mar 22
23 %
Jan
40%
Apr
13
Dec
19%
Apr
% Jan
10
3
5
37
13% Jan
3
16% Mar'21
Jan
8
10% Mar 22
5%
Jan
:
Mar 21
8%
Feb
>
8Vs
Jan
.
i
12
10% Jan 31
9% Jan
4
11% Feb
17
20% Jan
3
22
Jan
18
1
170
Jan
29
Feb
17
20
Feb
3
8% Jan
.3
15% Mar 24
18
v
.28 % Jan
12 Va July
137/a July
23
15% Jan
162
11% July
July
176
Jan
Sep
21%
16% Nov
Jun
Jan
5%
10%
Sep
Dec
3
18%
Jan
29%
10%
Nov
5
9%
Jan
13% Aug
14% May
21% Mar 16
17
xll% Feb
•
15% Mar 16
14%
Jan
29% Feb
6
12% Jan
Feb
13% Mar 13
19
Jan
Mar
Sep
44
Jan
% Jan
165
Jun
Aug
11% July
11% Feb
9
% Jun •
117
28.
V
Jun
■
79%
Apr
•
34%
8
Mar
Apr
Mar
23 Va
July
5% Jan
116% Feb 24
112% Jan
12% Jan
11
19 % Jan
3.
13 % Jan
29
1
21% July
15% Sep
6% Jan
16 V4 Mar 23
>
1-1% Jan
5
'■!• 12
12
Dec
30% Feb
.
3
35
Mar 13
x25%
Jan
36
Dec
Jan
25
29
Mar 22
.17%
Jan
29%
Sep
9
Feb
87% Jari
5
6
Jan
11%
Jun
90%
Nov
20%
Dec
26
,
>
11
19
Jan
Jan
18
18% Jan
Jan
14
Jan
Mar 20
160
Jan
178% July
Feb
137
Jan
150
Jun
Jan
22
May
"Nov
36
Jan
169
.145
6
Jan
70%
92% Jan'24
25
29
Mar 15
9% Mar
22% Mar 15'
-
7
Feb
141
.
10% Mar 15
164
21% Mar
31V4 Feb
4
•
4
8
;
25
'
7
Mar 13
14%
27
2%
"
7%
Jan
Jun
5% Feb
7
57% Feb
5
61% Mar 23
11% Feb
4
15 Va Mar 16
25% Feb
8
30% Mar 16
14%
Jan
28 V2
Jun
79 % Feb
4
87
Mar 23
57
Jan
80%
Jun
83 % Jan
6
92
Mar
9
62
Jan
88
Jun
No par
No par
5 Via Jan
3
9
4
10 V8 Jan'
No par
Nelsner Bros Inc
—1
4%% conv serial preferred—.100
Newberry Co (J J)
No par
5% preferred series A
100
13% Jan
3
17Va Mar 16
Jan
4
27% Mar 22
96 % Jan
12
Jan
4
25
National Supply (The) Pa
—10
$2 conv preferred
40
5%% prior preferred——L-100
6% prior preferred
-—100
National Steel Corp
Newport News Ship & Dry
28%
17%
14%
-
10% Jan
Apr
34% July
4%
20
4
10%
,v
116%
Newmont Mining Corp
28%
17%
14%
Jan
4
Newport Industries
29 Va
17%
14%
67%
60
14
3,400
*28%
17%
27
1
24
6,300
29%
14%
9
6
Jan
3,000
29%
29%
Mar
8V8 Jan
10
600
.17%
>
3
Jan ;;2>/
Sep
115% Aug
Jan
110% Feb
Nehi Corp
100
Mar
81
34% Mar
4
Jan
Feb
>
117% Jan
Natomas Co__
60%
88
Jan
70
32
preferred A
100
6% preferred B—
i_100
Nat Mall & St'l Cast Co—No par
National Oil Products Co—
—4
National Power fcLt—
-No par
1,400
—
6
117
$4.50, conv preferred--—No par
2,600
:
101
28
5
7%
16 V2
"•)/•
21
-
Feb
27
National Lead Co-—
'■''" 9%
101
10 Va Feb
113
29
National Tea Co
*27
3
6%
27%
9 %
9
115 > Jan
Products
5,800
*16 ->
*59
700
20,700,
6 V8
*98
'
;
90 :'->-
-
6
V,
V
70
2,100'
11% Mar 22
9
Nat Distillers
,
Jun
11%
107% Jan
preferred
—10
Products
No par
Nat Enam & Stamping——No par
National Gypsum Co
—1
.
25%
Jan
112% Feb
1
' 86V4
•'
28
'•
*108%
*108%
*108%
130
^65/a'>'6%
6i%
' >>;•
:-»l4Va'>14%
-
270
10,100,
■
f
>
*145''' ' 146 »•
•>19Va>19Vt
87 »■•■
90
5,200
;
-
6%
101
*98
88 .'*•
^
21% ' 22
'
>■■> io%
27%
101
'
17,800
168% 168%
9% >9%
9%
16%!i
•rff ;
14:%
86
i?
%'■ 88'
r
-
•29 >
28%
1'89
•
101
*108%
-
6%
*98
*26%
•
-
.
61%
'
;
85
500:
.
33 %'
283/4: r'28%
;
:
30% *:• •
•
6%
61%
14 Va
.V
>
14%
'
29
i'4s
30
•
61%
?
*
170
V-'-19%': >19% ^
•
29 Va
v-14%
29% '
*29%?
■'•■
31 "•'••'
60%
60 V2 -60%
*168V4
:
146 >>
:>
r
•
>21% ■21% :
170 *•*
19%
30%
:
r V 89
*145
19%
30 Va
67/a
61
-
V
21% >', 22Va':
*168%
29%'
■•
"
kk. 33%'
*88 ^-r -89
89
>■>
146
*145
v-
*28%
11%
■
•:-••.9%. {>-9%"Vf :';-;>f:.9%'»9%>
>,
170
*168
"
.
22%
22
f£
10
.9,%
...
12->- *
*11% ^
33 %. ;''34%:-;;-'
89
'88
:
30 Va
:
"■6%
-6%
•
"
•
169
169
168%
*143%'J 144
>
22
10
•9%
"89
-
21%
22% ;
",368%
10
9%
;
.
21%
"
*27%
'28%
28%
•
11%-
Jan
6%
18
National Dept Stores—
34%
14%
9
Jan
Register
National Container—-
8,100.
11%
25
Mar
Feb
No par
15%
'33%
Feb
100
81
Bond & Share Corp
National Can Corp
16%
11%
Apr
3
—5
Nashville Chatt & St. Louis—-100
National Acme Co_——
—1
Nat Automotive Fibres Inc
1
6% conv preferred
—
10
National Aviation Corp__!
5
National Biscuit Co_
10
7% preferred—
,
100
15% '15%
34%
50%
21
Liquidating Co—-—No par
15%-
33%
Jan
Jan
National Cylinder Gas Co
*11%
38%
Jari
Nash-Kelvinator Corp..i
Nat Dairy
11%
.
•82
.
Sep
25
76% Feb
4% %
8,706
34 Va
16 Va May
Jan
112% Feb
—
Nat Cash
Jan
24
9
116% Jan
No par
4,400
11%
14
27
8%
?
—No par
2,200
157/a
11%
22% Jan
8
29
52
98'/a Feb
10
Jan
Jan
-
—10
14%
12Va.
■
16% Mar 21
;
19%
No par
21% ' 21 Vt;
15%
Oct
29
104
30 Va Mar 22
%
12%
kk.-.
113%
2
Mar
13%
21% >
15 V8
109% Feb 23
*
64%
12V»
•
Sep
109% Feb 23
3% Mar 22
21Va
•
'33%
.3,800.
12Va
17%
21% Mar 23
12%
•33%
34%
42,600
>14%
Jan
105% Mar 22
21%
'
11%
5
12 Vg
14%
17% Mar 20
3
20%
14 •-
13
13
14%
14%
Jan
16
2% Jan
21%
14%
22% Aug
"
17% Feb
12%
15 Va
11%:
11%
15%
29 Vt*
1
Sep
Jan
13
preferred series C
-No par
Montgomery Ward & CoJ—No par
Morrell (John) & Co
—No par
Morris & Essex
—50
Motor Products Corp
No par
Motor Wheel Corp——
5
Mueller Brass Co_
i
1
Mullins Mfg Co class B
1
i $7 preferred.
-—No par
Munsingwear Inc—
No par
Murphy Co (G C)
No par
Nat
Oct
110
12%
93% Jan
12
21%
.
300
29 Va
•15%'? •
29Vt '•29%
•
;
.
18%
*18%
■
100-
17(1
*166
1,500
7% May
36
Jan
—1
B—
Aug
Sep
Feb
100
No par
————10.
14%
,12%
2.1%
7,200,
3
8% Mar 22
20%
14%
12%;
>
29%
21%
10
14
■•».'
'
21 Vt
j
170
*18%
14%
14%
29%
166;'
19
*18%
13%
29%
21%:
15
18%
18%
•
168 •»
168
■
29%
12%
•
'
'29%-
18%
18 %
168
*166
11%"
11%
1,000
11 Vt
21%
■
-
21%
1,030
11%
11%
11%
11 Vt
•
21%
21%
21%
21%
168
*165
168
*165
21%
21%
21%
21%
■'■"
/ 36 Vt
,
27% Mar
2% Jan
21%
12
Jan
July
24% Mar 23
27 Va Jan
Nabco
28,800
60
6 Va Mar 16
par
700
,4
-12%
36%
16'/4
13
:
176
Jan
35% Jan
4
100
5.600
:
47%
Jan
37
3
$4
•
Nov
165
110
6% Jan
preferred——.——100
Murray Corp of America
—10
Myers (F E) & Bro-——--No. par
50
'
4
U
12%
'
115
•>: 12%
u
13%
'37
300
1,000.
76%'
10 Va
%
13 Va
110
22%
f
10
12%
.
12,300
.6
82%'
47 %
-
13% !
u
800
*112%
4
13
id
2,100
22%
48
> ..*47%
48
*47,
1,900;
■
27%
76%
r
10%
10
10%
10%
10%
48
•
5,530
20%
5%
22%.
*112% 115
116%
18
;
82 %
81
76%, ■V 76%
■
I
27%
kvekB
■
38%'
23%v
20%
•
28
*22
76%
76%
113%
81
•18
18%
20%
5%
,
;
22%
*22
76 %
116%
*115
82
81%
82
:
20%
*27%
6%
5%
5%
5%
*80
•
*22
48
18%
18
5%
5%
116%
*46
17%
20%
77
10%
>
18%
18
20%
28
22%
t
'76%
23%
18%
82
82
*22
'
*37%
24 Va
28%
5%
5%
82
38-%
10,500
45%
45%
45%
•■
90,
110
-
23 V,
20%
*28%
29
*109
44%
18
20%
110%
19%
24
Mar 20
19
$4.50 preferred
Preferred series
20
27
Jan
58
6% Jan
Mo-Kan-Texas RR
120
32
5
Minn-Honeywell Regu
No par
k: 4% conv pfd series B—
100
preferred series C
100
*
Jan
22% Jan
-100
Impli
Jun
43 % July
22
6
71% Jan
Minn Moline Power
7%
31% May
175
24% Feb
Monsanto Chemical Co
116%
3% Jan
•■
Apr
14
-
4
49% Mar
Corp..
May
19% Jan
Minneapolis & St Louis Ry
preferred
24
7
—10
1st preferred
July
Dec
6% July
18%
27'
2
4% Mar
—-—5.
No
X17
28% Jan
32% Mar 10
-—5
Copper—
Jan
106% Mar
1
50
Co
Machine
Jan
Jan
x41% Feb
.
7
Mar
52% Feb
4% July
14%
24
No par
Mln Trans Co
cum
6% Feb
7
7% preferred series A
100
Mohawlc Carpet Mills
————20
114%.
*116
*37%
20
18%
18%
20%
*28%'
v.
8%
■
3
20% Mar
Jun
9%
24
4% Jan
1,900
■-
*113Va
24%
24
Mesta
Feb
26 Va Mar 21
2,800.
116
'
&
$6.50
112,600
113%
38%
45%-
45
*37%
24%
24 Va
24%
24 Va
24%
24%
>
-
w
(The)
1st preferred
Co
conv
Mission
32%
79
5%
Merch
500:
3 V2"
3%
■
15%
32%
*113 %
■
3%
3%
3%
3%
■14%
Mengel
19
38 Vb Jan
No par
No par
No par
1
preferred series A
$5.50 pfd ser B w
14,700.
49,000
21%
3%
•
32 Va
32
31%
32%
:
22,400:
105%:
32%
13%
$6
3
—18
Products.:
1,600
7%
7%
21 Va
16% Jari
—5
Steel
112
105%
21%
13% Jan 27
170
Mar
8%
9
Mar'16
:
24% Mar
320
3 Va
5
15.
——
Midland
130"
15%
3Va
14%
3%;
-■
14%
13
Si
108
21
preferred
Petroleum
2,000
6% Jan
.
17% Mar 17
Mar 20
1,500
■
80
,
*110.r
7%
*103 %
19%
19%
19%
•
50%
79 %
■
,
Jan
47
Mid-Continent
121
..
1%
■■
3% Mar 17
.
Feb
Miami
4 :*107V2
7%
105%
103 /
103
81
*79 :.
*107%
*110 % 112
112
,*110
.
7%
7%
7%
103%
7%
*102
112
*110
112
*110
;
*107%
*107%
*107 %
81%
81
83
*81
83%
81%
83
83
*106
31
31
(50%
Apr
14
5,500
26%
*120'
50%
19%
—1
1—No par
3,100
'
30%
50%
900:
6%.
*6%
Jan
28
Melville Shoe Corp
510:
1,300
28 Va'
-
-
26%
121
•120
51
50%
50%
28
•■■27
30"
30%
121
121
120
50
50%
30%
30%
30%
120
122
26%
1,000
29%
7%
7%
27%
26%
26%
26%
26%
26%
27%
26%
7%
7%
900
42 Va
•
14 Va
—1
—100
preferred w w
conv
Mead Corp
240.
9l/a
42%
>
>■
9
No par
McLeliatf Stores Co——-kk---a—-t
6% conv preferred
100
$4
-
:
9Va
42
28
i,
*28%
9%
9%
41%
30%
40
32%
9%
v
1,500
79
28
7%
500
.2,000;
90
41%
*29%
/
i.9Va
32%
9%
Sep
20% Mar
No par
—*
—
Mclntyre Porcupine Mines
McKesson & Robbins Inc
3,400
78
29%
12
-.-No par
No par
preferred——
1st cum preferred
McGraw-Hill Pub Co
1,100
1
*88
41%
*28
29%
Jan
No par
Wks
Alkali
McGraw Elec Co—
800
1,600
•
32%
32%
32%
32%
Co_—,-J
Elec
McOrory Stores Corp—
23
i.
6V4
1
1,000-
47%"
9%
90 >,
-
80
80
41%
9%
41%
'
-
$3
5%
80
*88
:
:
90
/ v
9%
9%
41%
9%
41%
9%
—
McCali Corp__
1121/2' 112%
113%
9%
80
32%
32%
32%
; 32%
33%
*112%
9%
Corp
2,800
>11% •11 Va
113Vz
9%
Mar 24
3
$6
■>:
.
99%"' 100
11
10%
11%-v
*112%
13
5
•
16
22%
14
Maytag Co—
30%
,
*47.
:
100
'
"
41%
•
23%
22%
99%
10%
113%
32%
47 Va > 47% "
•-
23% '
22%
*99%
-
10%
9%
ig% •>16%*
>y
■
24
15%
Jan
6Va Jan
115
-,?30
■30%
30%
•-.
Nov
3%
preferred———w—— -100
—10
May Department Stores-
'
100
100
23%
22%
23%
23%
23%
100
"112%
.
■
•
16%
*16
16%
16%
16%
30%
29%
29%
*29V2
Nov
315
8
12% Jan
1,400
108 V2
*111
15
15
6,400
6
'17% ?XI7%:'>
17%'
115
*111
115
*111
17%
-
17%
17%
17%
115 S
5
Feb
8% Jan
1,300
563/V
r' 24v:-;-:
23% ¥ 24%
23%
23%
Jan
370
1%
34%
*107
108%
*107
17
21
17
Ry 6%
Mathleson
10 ,/ Jan
18
—5
Master
500
30% July
15% Dec
Jan
315
-50
prior pfd__: .100
Marshall. Field & Co^
No par
—1
Martin (Glenn L) Co_
Martin-Parry Corp—
No par
Masonite Corp
„_lVo par
2,300
.
Jun
Jan
7'/4 Jan
T10
No
Midland
St
Nov
37%
—1
—..
Bros—
Market
1,800
21'A
*33 Vt
15% Feb
May
138%
Jan
■
19%
C. 16.:, Mar 18
Maracaibo Oil Exploration
; 175
57/a
5%
34%,
5
12
19
2,700
".'
.
34 %
•
Jan
Sugar Co
Marine
■
26 %
>
par
14
NO
No
29
Jan
July
July
28
25
79
Jan
133
32% Feb
.2% Jan
8,200'
56%
3
—1
18% >19 •;.
■•; 21%
27% Jan
24
2,800
*174-
per
Jan >'?•
20%
17
Mar 22
Jan
39%
,
18% Feb
4,460
21 %
■
27
par
-25
14.%" •14%
;175%>
•
34Ve Jan
Mandel
'21,100
i
59%
138
21
Manhattan Shirt
4,200
.
,
6
Feb
163% July
22 % July
Jan
•>•«: 15%
27% Feb '1
2
Mar
500
6%
6
135
900
36%. •;;.38%::'
i '• *26'-': ': 26%
1
-
5%
6
3
26
100
7
90% Mar 17
22% Mar
10% Feb
'
'
56% \ 57
*
108 %
*111
29%
16%
47%
y4
*26
21%
*107
23%
160
;—-No par
1
Manati
m
16
15%
38%' "38%"
*174
34%
*17%
17%
29%
16%
100
V
34
23
115
*111
29%
16%
23%
17%
*
*107
148%
151
-10
Magma Copper
Mahoning Coal RR -Co..
20%
6%
.
6
6
13
-
20%
:
kVkfSkk
$ 3%
6%
;
35
:
Mar 22
—
3,900
•.•7%
13 1
■
16 Va
'
57%
5%
■'
*
•
14% '.• 14%
18%
•18%-
110
*34
108%
23%
115
"111
6
5%
6%
Jun
Forbes—
preferred,
1,400/
390-
7%
20%
6%
21 Va
57%
57%
57%
34
*107
23 Va '
>: 17
•
*343%
'■
2,900
.
16%
.16Va
•'■
12%
3
•
.
175-
*174
'
21%
100
Macy (R H) Co Inc
Madisop Square Garden-
3,100
16
•/-v -16
•
7% V
/
317/a
•••
•
110
23
■■'■'■ >
58
58
'
175
i
16%
391
15%
26%
21 Va
21 %
21%
*174
175
Oct
;
Mack Trucks Inc
4,800,:
39 Va
31%
16% >16% $
.
6%
38%
26 %
26 Va
26%
21%
21%
*174
>
32
*20
18%
6 Va
38%
39
16%
MacAndrews
12%
18%
6Va
38%
26%
26%
21%
175
6
6%
39%
26% >
26%
18%
6 Va
*38%
6%
6V4
39
18% Mar 17
1,500
*7%'
15
;
14
26%
16%
'
Oct
17% Feb
26%
•
k3M
• 6 %
■
6%
15%
31
3
*343%
20%
2%
.
,
16%
14%
Jan
5
13
20%
20%
18 Va
12
7%
*12%
3Va"
:
6%
14%
12%
31% Mar 16
Jan
*15%
16%
7%
*20 %
16%
6%
16%:
7%
v
20
19%
20%
*20
>
7%
127/a
7%'
12%
12%
12%
12%
i
7%
•
3
69% Jan
38%
Jan
11% May
Jan
28
25
-10
20% Jan
39%
51%
25% Mar
.
Nov
Co
&
Jan
No par
preferred
6%
64% July
37%
6 Va
100
26%
Jan
16
Mar 21
N6 par
*135
Nov
12
Louisville Gas & El A—
>
Jan
12%
42%
3
Louisville & Nashville—
7%
15%
24
8% Jan
100'
31%
391
62
47% Feb
1,100+
30
21% July
21% Jun
24
Biscuit—
(P)
May
July
43
40% Feb
89%'
38%
16
16%
*350
Lorillard
2,500
44
>
Mar 17
18% Feb
22
32
M16
16%
391
*350
391
>
16%
16%
16%
16%
16%;
*15%
16%
*15%
16
.
*16%
24% Mar 16
1
*87%
39%
31%
32 Va
32
32 Va
32
32%
32%
13
Mar
*21%
*135
k
39
39
38%
38%
38'/a
'
*158
-
38%
19% Jan
58
89
27.
26%
*135
*135
Jan
26%
89%
;
_
Jan
12 Va
22
:
*21%
'
22 Va
89%
27
34%
No par
Long Bell Lumber A
Loose-Wiles
•
'
*21%
27
27
Jan
21
21% Mar 18
89
*158
160
160
21%
21%
24
40
15% Jan. 28
Lone Star Cement Corp
25,000
1,800
■
160
*157
89%
*135
—i'>
31, V
:
31
43 Va Mar 16
6
4
'
30%
>18%
22%
88%
26% '
26%
12
160
*21%
90
135
11%
18%
*157
22 %
■
43%
31%
;§'■
160
*21%
43%
18%
31
18%
*157
44
3
Jan
——No, par
Inc
Loew's
28% May
18% Feb
Liquid Carbonic Corp_—-^-No par
Jun
Jan
38 % Jan
Jan
July
73%
182 % Aug
22%
15
Feb
71
Dec
37
Lockheed Aircraft Corp
2,800
3,300
42%
31%
31
,
3
Nov
>. 171
No par
1,300
17
178% Mar 14
26% Feb
8,800,
23 Va'
Xl6%
11%
11
10%
10%
;
>23
,
43%
>>•>43. ;■
44
1
:
76% Mar 18
8
No par
Lion Oil Refining Co
2,7001
61
43%
21%
;
3
Dec
62%
67 % Jan
28
I per share
62
73% Mar 22
3
Highest
I per share
No par
i
Link Belt Co_.
500
20%
J per share
174% Jan
No par
Lima Locomotive Wks
2,200 ;
39
*38
17%
21%
*23
;•
'
40% '
40%
•
>'v
:25
—-—---—
Lily Tulip Cup Corp.—j
;> >>:
27% '
68 % Jan
Lowest
Highest
'
"
I per share
25
.100
Series B
Preferred
10
177'% •:
*26
27%
*26
28
*177
178
*177
178 V2
38%
42
38%
Liggett & Myers Tobacco
1,200
•74%
*26%
28
'
;
39
73%
76 y4
*177
>
177
*26.
28
■
Year 1043
Range since January 1
Lowest
Share*
$ per share
> $ per share
,
*
V
-
Par
13 Va
76%
;
.42%
42%
*38%
.
EXCHANGE
the Week
24
Mar.
NEW YORK STOCK
Sales for
Friday
76%
73%
177
178
share
$ per
share
STOCKS
'.■■■■.....
Mar .23
Mar. 22
76%
.
76
.
*177
.28
■
73
73
76%
$ per
share
>■; '
Thursday
Tuesday
Mar. 21
20,
$ per
$ per share
HIGH SALE PRICES
Wednesday
•„
AND
LOW
Monday
Saturday
:
1259
FINANCIAL CHRONICLE
'V"
$5 conv preferred
10
'
1
Dock—1
No par
22
56
105
'28
Mar
6% Feb
100
16% Jan
3
97
Jan
5
.
7% May
14
6
Jan
10 %
9 Va
Jan
19% July
Jan
25%
Oct
74%
Jan
98 %
Nov
37
Jan
57%
21
Jan
22
8
1
15% Feb
2
102 Va Mar
15% May
Jan
18% Feb
12
13% Jan
./
2%
30% Jan
110
19
5% Jan
23
59% Mar 20
Mar 17
Jan
Feb
64 % July
Jan
52
10
16
■
106% Mar
26%
10%
Jan
Jan
12
Dec
94%
Nov
114
37%
19%
Apr
Sep
Aug
Apr
Oct
21% Mar
102
May
Monday, March 27, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1260
RECORD
NEW YORK STOCK
Range for Previous
STOCKS
AND HIGH
LOW
S
I
snare
per
$ per
share
4
39
39%
39%
share
per
39%
19%
19%
19%
19%
19%
20%
25%
24%
25%
24%
26 Va
26
73%
74 %
27%
145
*140
6214
62%
%
26%
Va
.
38
195
*121 Va
122
18
121% 121%
%
121%
18
T8
18%
53
,4
9%
102
*101
102
16%
16%
16%
16%
114
114
113%
23 Va
*40%
40%
5%
36
36
145
121 %
121%
17%
18
54%
54
8%
*52%
16%
14%
14%
14%
14%
15
19%
19%
19%
1974
19 Va
51%
51%
9%
9%
97b
17
56,500
210
114
114
113%
22%
22 y4
22 Va
22%
40%
40%
40%
40%
80
5%
5%
5%
5%
5%
45 «/a
45
45
45 >
2,000
1474
15
14%
14%
20%
19%
1974
900
4
3
120
Jan 5
15% Jan 10
52
Jan 26
51% Jan 27
8% Jan
4
100
Jan 4
xl3%Jan 3
112
Jan 31
17% Jan 15
37'A Feb
1
50
100
Ry_
Northern States Pow $5 pfd-No par
Northwest
Lines
Air
No par
.
50
Telegraph
Norwalk Tire & Rubber
Northwestern
Preferred
40
45"
14%
33% Jan
183 Va Jan
1
American Aviation
Northern Pacific
>> % Mar 11
14% Jan
3
50
50
preferred series
preferred series
North
4,900
40%
5%
—
Northern Central Ry Co
23
*44
19%:
*50%
10,300
,
102
16%
pfd
non-cum
5%%
114
*14%
-14%
6%
400
9
8%
*101
113%
600
52%
52%
40%
5%
45
5%
54%
*54
Ry
Western
&
North American Co—
22%
114
40%
45
14,100
Y
Adjust 4%
60
17%
17
'
45
Norfolk
121%
9
16%
17%
790
195
17%
102
*101
600
■
:
N
121 Va
v
53%
8%
9
102
4,800
37%
195
195%
54
*101
1774
Shipbidg Corp part stk
Noblitt-Sparks Industries
37%
37%
194
& Western
JN Y Ontario
%
18Va
50
—
2.50
Norwich Pharmacal Co
Jan
44'A May
Jan
20
May
11
26% July
Jan
74% July
14%
14
Jan
31%
Jan
26
May
Dec
6%
Jan
13
16%
Jan
32%
63%
15
15
10
16
10
Jan
132
Dec
Jan
54
Deo
28 Va
V4 Jan
12%
Nov
23
11
13
17
Jan
'
Dec
1% Mar
26% May
38
July
162%
2
15
Jan
192% July
113
Jan
122
Nov
Jan
18% July
Jan
56'A
Jun
Jan
56
Jun
Nov
14'A
Apr
9%
49
Va
48%
53 % Mar 22
9% Feb 24
101
Jan 12
17% Mar 21
114
Mar 18
24'A Mar 16
40% Mar 23
5% Mar 13
45 Va Feb 28
16
Jan 27
8
91%
Jan
7%
Jan
18% May
Jan
116% July
107
101
Dec
.
15 Va
Jan
23% July
36
Jan
41% Aug
x3%
Jan
31
6
July
Jan
45
Apr
8%
Jan
14%
Oct
20 Va Mar 22
11%
Jan
21Va July
52% Mar 16
4'A Jan
3
40'A Jan 12
13% Jan
4
No par
share
per
10%
Feb 21
54
t
27 %
40
28 % Mar
15
Mar
39
Mar
150
Feb
63% Feb
% Jan
19% Mar
38% Mar
199% Feb
122
Feb
18% Mar
share
per
Mar 13
20% Mar 22
28% Mar 22
78% Mar 23
4
3
4
Jan 19
Jan 3
129
52
100
100
1
5
100
100
10
Co—
Y Lack & West Ry
N
400
No par
—60
RR Co
.
18%
17Va
53%
'
$5 non-cum preferred
Va
Va
37%
,
Dock
York
$ per share
49% Jan
62
Jan 3
24 % Jan 3
11% Jan 27
30% Jan 22
No par
No par
City Omnibus Corp—
N Y & Harlem
270
61%
61%
62
36 % Feb
15% Jan
No par
-—No par
Co
100
preferred series A———100
6%
10
Vs
t per share
N Y Chic & St. Louis
300
*140
18 Va
54
17%
113%
22%
*40 %
40%
5%
*44
45
22
23
40%
5%
5%
>44
113%
114
.
22%
23%
New
■
122
17%-
9
16%
.
N Y
300
36
37 Va
195
*121%
102
*101
700
13%
*13
14 %
145
18%
18%
53
8%
8%
Va
194
53%
*53%
27
27%
36
62
*37%
54
'
54
26%
-
■
18%
54
54
54
9 Va
9
>
17%
18
*53 %
53
V.
HOI
:
17%
54
*53%
196
78%
23,200
61%
•ft
18%
196
121
61%
33
194 Va
195
15,000
78%
*140
*37 %
38
196
28
77
27%
>'
37'%
18%
37%
*37
19%
27
76
Par
Central
28%
Highest
'
Air Brake
20%
*13
62%
61%
New York
New York
19%
148
*140
800
197,800
39
20%
26%
,
39
*36
%
18%
Va
18%
18%
13%
14%
37%
37%
145
145
61%
62%
13 %
'
Lowest
Lowest
\
--Shares
share
*38
39%
39%
76%
26%
13%
73%
27
*
14%
38 >
*37 %
74%
27
76
27%
« per
| per share
Year 1943
Range since January 1
v
Highest
STOCK
YOlMt
EXCHANGE
'
39%
20%
28%
20%
25 >4
NEW
for
the Week
'
*38%
*13%
Mar. 23
per snare
39%
*38 %
Sales
Friday
Mar. 24
Thursday
Mar. 22
Mar. 21
Mar. 20
Mar. 18
PRICES
SALE
Wednesday
Tuesday
Monday
Saturday
29 '/a
Jan
3%
Jan
O
101%
12%
12%
20
20 %
20 Ve
153
150%
150 %
*149%
151
*149%
151
35
*34%
35
*34%
35
*34%
35
*64%
66
*64%
66
*64%
59
58%
5874
12%
12
12
20%
20 Va
58%
12%
59
58%
12%
13
13%
10%
20 Va
35
*34
13
4,900
3,000
No par
No par
Otis Elevator
6%
10
.100
preferred
66
57%
57%
5674
57
2,300
Owens-Illlnols
12%
13
1274
13% >
13
13
5,000
Pacific Amer Fisheries Inc——8
10%
10%
11
11
11%
11%
1174
5,800
Pacific
45
44
45
44
22%
22
22%
22
58
66
*64%
Glass
Co
5
105% Jan
10
69
Jan
50% July
10 Va
Dec
105
Dec
13% Mar 22
3%
Jan
1074
Jun
20% Mar 17
15%
Jan
21%
Jun
Jan
154
Sep
37 Va Jan
11
28 Va
Jan
38
Apr
Jan
24
46
Jan
67%
59% Jan
18
54%
Jan
64
142
152 Va Mar 13
65
64
Jan
8
55% Feb 29
No par
12.50
Co
Outlet
*64%
58%
66
*64%
66
107/a Feb
.
5
Outboard Marine & Mfg—
*
45
6
100
Oppenheim Collins—,
20%
17% Feb 8
Feb 8
9'A Jan 3
100
Feb 14
8% Jan 18
18% Feb 9
148
Jan 28
34
Jan 4
No par
No par
-
Equipment
Farm
Omnibus Corp (The)
8% conv preferred A
180
*149% 151
35
*33 >,
151
*149%
Oliver
9,800
20
,
Ohio Oil Co—
.47,000
1,800
>
100%
> 13
20
2074
20Va
?
*34%
*151
100%
♦100
100
1374
20%
12
12
*11%
12
*11%
*100%
101%
101%
101%
1974
49%
974
10 Vs
9%;
9%
9%
9%
19%
49%
»
50%
50%
51%
51
51%
974
9%
101%
101%
101%
51
52
1974
Oct
July
P
10%
45%
10%
10%
.
10%
43%
10%
*43%
*1174
44
*43
*21 Va
22%
22%
*21%
*12%
25
*12%
25
*12%
17
*12%
17
33
3274
33
3274
33
3274
33
43
42%
42%
42%
42%
42%
30%
30%
30%
31
31
33
*42%
.
22
32%
31%.
*118%
119%
157
157
5 74
> 5%.
5%
5%
5'A
33 Va
43
31%
3174
119%
11974 11974
*11974
119%
157
156%
*156%
15774
*
*9%
10Va
*9%
10%
974
*110%
110%
27/a
110%
474
4%
3174
32%
31%
974
974
974
*9%
10 Va
110%
11074
11074
11074
110%
3Va
274
3
3
27/a
3%
»3; >
11074
*49
50
*48
50
*49
*105
106
*105
*49%
50
106
-
106
105
49
106
26 Va
27
26%
26%
26 Va
28%
2574
77%
77
77 >
77%
77%
79
78%
80%
80%
1%
1%
1%
174
174
1%
29%
29%
29%
29 Va
29%
29%
19%
19%
19%
19%
19%
*19%
20
6%
7%
6%
7%
6%
7
;i%
% 1%
1%
29%
29%
29'A
19 Va
*19
674
67 a
7
19%
19%
*19
19%
19%
56
1974
19%
19%
57
19%
56
56
*55%
19%
*55%
98%
98 Va
15'A
15%
12%
12'A
12
2%
2%
12%
12%
12%
2%
2%
2%
2%
*39
*62
63
7%
774
51%": 52%
16%
*15%
25
7%.
16
30
29%
24%
24%
24
*59
62
*59
1,200
Penn-Dixie
39%
700
16
39%
2,200
2%
%
2%
*15%
.
100
12
2974
24%
61 Va
7%
8
7%
7%
*60
27,200
29%
29%
700
24% '
*24
200-
61%
■
7%
.7%
2,700
51%
51
51'A
50%
52
50%
52 Va
51
51%
17,200
14'A
1474
14%
15%
14%
15%
14 Va
15%
14%
15%
9.100
> 63%
64
63%
65
64
65
63
66
64
66%
68
69
< 42%
43%
42
43 Va
42
45
44 Va
45%
44 Va
46
45%
4674
2574
25%'
*25%
26%
26
26
8%
8%
9
9l/a
257a
*25%
25%
25%
25%
25%
8%: > 8%
8%
8%
8 Va
8Va
8%
9%
*9 Va
9%
*9 Va
9 Va
9
8%
9
'
45
45%
45 %
44%
45%
22
45
45,
9Va
45 >
44%
8%
800
21%
22%
21%
22%
21%
22
21%
22
21%
21%
52%
52%
*52 %
52%
52 Va
52 Va
52%
52%
52 Va
52%
360
97%
97'A
97%
96%.
96%
96%
96%
96%
96%
96%
97
280
1974
20%
19%
20
19%
19%
20
1974
20 Va
24%
24 Va
24%
24%
119%
*110
30%
30
30'/a
85
85'A
85
85
*107
108%
*107
108%
*110
112
*110%
113
.
13
12%
102
*100
45%
10%
119%
24%
*110
30%
30 Va
85
85
*
108 Va
110 Va
*
113
12 Va
*110%
13
*100
102
*107%
102
*12'/a
*100
108%
113
13%
102
110 %
107 Va
113
*12Va
*100
*110%
♦12%
13
45%
46 Va
45%
46%
10%
10%
10%
10
10
24%
24%
135
*102
135
*102
135
*102
135
*24
25
*102
135
46
Preferred 4%%
series.
Phillips Jones Corp
9,500
72%
*71
'774
7%
76
>73%
13%
13%
6
6
71
5%
7%
774
6
70%
71%
71
v
7%.
76
13%
72%
13%
*72%
13%
,6
:
69%
8
,
72%
6
70%
5%
68%
Pncenix
600
74
74%
73
75
13%
13%
13%
13%
13%
170
170
170
*169
170
169
169
*169
175
190
*183
190
*183
190
*183
190
*183
190
8'A
Va
99
*94
5 Va
5%
8%
8%
V;
8%
99
*94
5%
*94
5%
5%
8%
98
8%
*94
5%
8%
98
57
57%
57
57%
57
57%
56%
57
61%
61 %
61%
61%
*60
61%
61'A
61'A
15%
15%
16%
15%
17
15%
,
16%
*108
*168
*168
12%
12%
17%
12%
*97%
98
97%
*74
76
•>, 75
18%
12%
12%
•
97 V*
07%
98
75
75
76
13%
5%
8Va
*93
56%
*59%
15%
>
5%
8Va
98
5674
61
16%
14%
98
98
76%
76%
13%
98%
> 76%
*169
175
*183
110
1.500
190
5%
-
10.000
5%
1,800
8%
8
98
*92
>56
1.370
56%
60%
16%
61
16%
:> 230
8,100
'
*168
*168
*168
1374
5.500
74
.13%
*183
5%
1..900
*73
13%
*169
5%
2,100
14%
99%
77
13%
14
> 99% 100%
*76
.
9,400
1,090
77 y4
170
2,000
19
19
1%
18%
18%
18%
18%
18%
183/s
18%
21%
21%
21%
21%
*20%
21%
21%
21%
x21 %
21%
*20%
21'A
400
*10%
10%
10 Va
10%
>' 10%
10%
10
10%
9%
10%
9%
9%
2,200
13
13%
12%
12%
1?%
12%
7,700
*12%
*12'4
13%
*12%
13%
*12%
13%
*40 >
42
*39%
42
*39%
42
*39%
42
39%
*55
55'A
54%
55
54%
5474
54%
54%
'
12%
*117
'
,
118
14 74
14%
18%
117
118
117
14%
14%
.
.,.14%
13
54%
117
14%,
12%
54%
117.-
14%
13
117
14%
fr 12%
*12%
*115 %
14%
1274
12%
13%
*12%
13%
40
*39 Va
41
117
1474
54%
*115%
14%
106%
117%
117
43%
For
44%
106%
106
100%
106%
117
117%
*117'4
117%
117%
117%
*116%
117%
42%
43%
42%
43 Va
footnotes see
page
1263.
10674
106%
106 Va
116'A
117
3.16%
117'A
117%
117%
117%
43%
42%
43%
*117
43 Va
106%
Nov
Jan
10
Feb
9
130
18,700
1st
ser
conv
Pittsburgh & West Va
Pitts Young & Ash Ry 7%
Plttston
Class
Class
Co.
A
B
Jan
15
33 %
Jan
18% Jan
Mar 17
26
13%
Jan
10
108%
Jun
Mar 21
23 Va
Jan
32%
Apr
,517% Feb
24%
Sep
112
Mar 17
Jan
30
3
Jan
Jan
15
24% Mar 22
Creek
Pressed
Steel
Car
4
9
6
8% Feb 23
1%
Feb
Feb
3
53% Mar 16
28 Va
Jan
59% July
Jan
3
15% Mar 21
5% Jan
16 % May
Jan
4
69
Mar 24
Jan
5
46% Mar 24
34% Feb
19
Jan
41% May
?
Mar
Mar
6
26% Jan
8
Feb
29
9% Jan
12
Jan
3
Feb
9
9% Mar 13
49% Jan
Nov
28
118
3
31
Mar 15
Feb
25
86
Mar 23
82
107
Mar 11
110 Va Mar
109%
5
Jan
Inc
26"%
90%
Jan
Jun
July
July
17
Jan
4
7%
Feb
14
3
79%
Jan
100
Jan
5
42%
Nov
50
7
47
10
Jun
11774
Jan
Feb
Jun
July
113
Apr
Dec
Jan
3
11 Va Jan
7
3%
Jan
10%
23 Va Feb
23
25 Va Feb
3
18%
Jan
26
May
Jan
102
Jan
102
Feb
25
11 Va Jan
4
164 % Jan
183'A Feb
25
Jan
3
Feb
11
> 4%
7%
8
Feb
21
3%
Feb
75 > Feb
"■
21
34 %
Jan
5;
>>
8% Mar 24
75
Mar 24
1474 Mar 13
59
9 Va
Dec
Jan
9
Mar
Jan
77%
Feb
168 Va
Nov
8
170
Jan
182
4
Jan
10
474
Jan
10% May
Jan
90
52'A May
9% Jan
3
99
Jan
10
4
6174 Jan
10
24
Jan
Jan "10
56
Dec
11% Jan
6
64
1774 Mar 21
100
83
Jan
25
10
7%
Jan
150%
8% Jan
Aug
4
Mar
21
>
Nov
5% Mar 24
171
183% Feb
Feb
Jan *
Jun
15% May
168 Va
82 Va
58Vs
7% May
68 74
48% Jan
Jan
6%
75
Jun
July
Mar
16% Mar
168
Nov
Jan
1074
100 "A Mar 24
29
Jan
92
Dec
20
Jan
74%
Dec
14%
Mar" 22
1%
Dec
73
Feb
29
79
Feb
15
17 %
3
19
Jan
5
14%
Jan
21% July
5
Feb
Jan
22
Mar
4
18
Jan
Apr
19%
15
23%
par
12
>11 Va
Mar 16
4
Jan
13
Jun
Jan
674
Jan
13% May
No par
Inc
9
1174 Jan
V
100
_No par
No par
100
_.
;
13% Mar 16
13 Va Mar 16
674
Jan
13
Jun
11
10
43
Mar 16
24%
Jan
40%
Jun
1
58
Jan
15
48%
Jan
58
Sep
120
Jan
12
114%
Apr
123
12
par
of Feb 1 '29)
12
Jan
35 % Jan
1
No
;
109 Va
Feb
Sep
Nov
13
19
4374
5
Pullman
71
59%
1
No
pfd $5
13% Jan
104%
X5174
104
14
Jan
pfd—100
Gamble
2974 Mar
114% Jan
8
Feb
11'A
x98
—50
Pub Ser El & Gas
Jun
20
2474 Jan
100
Pub Serv Corp of N J
July
8%
28
2d preferred
iser
10 %
17
Jan
1st preferred
pfd
26% May
Sep
conv
5%
Feb
Jan
6%
25% Sep
conv
&
58 Va May
24% Oct
5%
Procter
Sep
5% Jan
23
Mar 16
22%
7%
16
100
—
Co
61% July
Jan
100
Pocahontas
Dec
Jan
100
Poor & Co class B
17% Mar
113
4674
63
Jan
Jun
45
25% Feb
100
;
preferred
11,000
1%
Jan
Dec
10Q
preferred——
Plymouth Oil Co
Pond
Oct
3% Mar
2% Jan 24
41
91%
1
(The)—
preferred
9%
22
pfd—100
pr
Sep
20'A July
Jan
No par
preferred
1,450
3% Jan.
Jan
Pittsburgh Steel Co
7% preferred class
B—y
5% preferred class A„._l
8%
43
13
12% Mar 13
1874 Aug
No par
80
42%
16% Mar 13
3
Jan
68%
Pitts Screw & Bolt
310
*117
93
12
Jan
May
100%
37
No par
No par
Pittsburgh Forglngs Co
Pitts Ft Wayne & Chic Ry
7% preferred.
11774
92%
303%
Jan
4
11674
93%
102%
80
7
Jan
10674
927'a
102%
99% Mar 16
Feb
7%
68%
116%
94
103
60 Va Mar
13
106
93%
102%
Dec
27
7%
94%
102%
51%
58
Jan
$5 preferred
6%
preferred
93%
102%
24
3
Jan
720
9474
102%
106
117
14%
Jan
Jan
5
5%%
6% May
29
61
preferred
19% May
174 Jan
16% Nov
100
$5 conv
Apr
May
3
21
100
Corp
Jan
Dec
2%
32
15
774 Mar
3
Jan
100
550
93%
102'/a
*117
117
1,900
16
3
Jan
3
5
& Iron
72%
Jan
1% Jan
97% Mar 17
25
preferred—
102%
9474
102 Va
94
102 %
54%
Hosiery
Pitts Coke
July
2074 Feb
Jan
Pittsburgh Coal of Pa
6%
July
30
27 Va
-19% Feb 29
7
Dec
106
17%
28
Jan
45%
Jan
15% Jan
100
Mar 24
31
Jan
July
52% Mar 17
5%
300
35%
8
25
1% Jan
Pitts C C & St Louis Ry Co
5%
68%
8%
8
8
Feb
Jan
106
4
21% Jan
100
Plllsbury Flour Mills
8
49% Mar
6
Jan
Oct
113% July
2
No par
200
8
Jan
Mar 24
5
100
10%
8
Jan
2
3%
Apr
11%
3
No par
135
5%
6774.
105%
Jan
112
5
43% July
88'/a Jan
xl9% Mar
100
.
preferred
Phillips Petroleum
25
*102
5%
68
17
3
17% July
20 Va Feb 14
par
7%
.
8
Jan
3
series—
'
6 Va
*6 >
8
45%
*9%
*24
Jan
Jan
300
13
Jan
Jan
com
450
113
Jan
7%
24
preference
Preferred 4%%
102
*100
102
23 Va
Oct
6% May
49'A Jan
4.4%
107%
8
10% Mar 17
118
3,400
108
3374 Mar
18
No par
85%
24%
119%
26
preferrca
100
Corp——3
Philip Morris & Co Ltd
10
85
24%
*110
Jan
Jan
Feb
Sep
160
25
par
No
com
2%
474 Mar 17
Jan
119%
50
No
Phila Electric Co.
86
46
*102
1
preferred
$1
*9%
247a
par
Philco
45%
2474
$6
8,700
10%
24%
8.700
No
9
42
5
& Co Inc_'
3% Jan
Mar 23
15
Dec
147
2374
774
7%
—No par
Phelps-Dodge Corp—
Philadelphia Co 6% preferred
2.700
45%
24
10,800
30%
10 Va
24
100
100
Pet Milk Co———
2974
24%
119%
107 Va
*
1
100
5% prior preferred—
5% preferred
,
-
(Chas)
18'A
474
1874
54 Va
9374
13%
9'A
2%
37%
16
110'A
2574
21%
55
5%
4874
10%
54 %
33%
100
50
5
100
-100
Co
157
28 Va Feb 29
par
Pere Marquette Ry Co
85%
85%
*107%
Pepsi-Cola
30 Va
24%
*110
30%
84%
'
29%
24%
119%
30 " ;
:
19%
45%
*
24
.
*110..
13%
12 Va
4574
*10'A
*
*100
24%
24%:
119%
30%
83
3
No par
1,600
52%
119 Va
18
Jan
No par
Sand Corp
preferred
Pennsylvania RR
Peoples Drug Stores Inc
Peoples G L & Coke (Chic)
Peoria & Eastern Ry Co
Pfizer
22%
*
Jan
par
No
3,100
44
97.%
20'/a
573A
1%
No par
1
10
Corp
Petroleum Corp of America
Pfeiffer Brewing Co
2.500
8%
9%
*9
42%
45
3,500
10.000
*52 Va
19%
27% Mar 16
10
No
5%
50%
.■
10
Enterprises
Cement
Glass
Penn
21
27
No par
Coke Corp
&
26
Jan
—No par
$7 conv pref ser A
*110%
7%
7%
8
39%
16
*110%
297/e
62
>60
62
X62
1474
14%
*23%
24
23%
30
39%
16%
*110%
29%
29%
40
40
*16
16%
*110%
29%
:.
40
40
40
*15%
*110%
Coal
Penn
:
12
Feb
574 Feb
1
Penney (J C) Co—
Penn-Central Airlines
2,006
15%
91% Jan
121% Jan
Jan
Mines—1
Ford
&
28% May
2374
Inc
2,400
98%
15%
12%
,
Penick
Jan
1
Consolidated
Patino Mines &
19
100
Parmelee Transportation
200
32% Mar 17
27
Parker Rust Proof Co—..-—----2.50
2,500
10
Jan
6,700
55%'
Jan
29
1,000
19%
19%
.55%
98
2%
.
19%
56
>45% July
Feb
Parke Davis & Co
m
674
15%
12%
24
19%
98%
2%
*23%
.
Tllford
Jan
5
3,900
,29%
15%
12%
2974
29%
2974
98%
2%
29%
Utah
15%
12%
16%
&
Park
98%
*12
40
Park
1,800
15%
15%
*16
10,800
98%
98%
15%
*39%
17,700
83
99
99%
*115 %
26%.
174 :.>I%:>,:.
15%
98%.
*15%.
2%
2574
k
174
'
*56
57
*55%
7
8274
5
Jan
33
3
Inc
Pictures
Dec
23'A
43% Mar 10
11
.No par
—
preferred
conv
Paramount
81%
26'A
27 Vs
26%
4%
106
*105
Jan
33% Mar 24
3
Jan
No par
Parafflne Cos Inc.
200
48%
48%
49
*105
49%
106
12,400
16%
31%
10
Jan
Airways Corp——5
5
Panhandle East P L 5.60% pfd_100
Panhandle Prod. & Ref.
1
110
3%:
Mar
10
Apr
July
25% May
Jan
Jan
Petrol & Transp
Pan-Amer
55
Jan
474
12%
3%
30 Va
8%
109'A
2%
45
103
Pan American
300,
>
13%
Jan
14% Jan
118
149
'
9,200
25
Jan
39%
1
10
Packard Motor Car
32,600
32,
2374 Feb
13% July
6 Va
4
25%
100
100
Telep & Teleg
preferred
Pacific Western Oil Corp
1,000
4'A
4Va
8%
7% Jan
1174 Mar 23
48'/a Jan
30
No par
No par
Mills
Pacific Tin Consol'd Corp
9,000
.
15
*14%
4%
32%
>3,:
3
,
5%
5Va
974
110%
*105
Pacific
50
474
9%
110%
80
15674
15674
15
15
Pacific
11974
*119
5%
574
1474
14
*110%
5'A
Pacific Lighting Corp
1,400
3,800
32%
4%
33
2%
157%
5 Va >
5%
14
4%
32%
33
5,000
43%
31%
*13%
4%
4Va
32%
43
3074
*156%
14
4%
4%-'
32%
.
14
14%
*13%
119%
119'A
*156 Va
*118%
*156
43
3174
17'A Jan
preferred non-cum
No par
preferred non-cum—No par
Pacific Finance Corp (Cal)
10
Paclfic Gas & Electric
25
>
17
43
v'
1st
,880
33 Va
33
33
33
22%
*12%
17
*12%
46
22
;
2nd
270
45
46%
,23
10
Co
23%
13% Mar 23
1074 Jan
8% Jan
41'A Feb
Coast
t
54%
116%
13'A
87 Va
96
100 "
J04%
-lOO" >113%
No par
JVn
nn+
116 Va
37%
Mar
Feb
Feb
11
Jan
3
15
Feb
25
11%
Jan
3
96
Feb
11
75%
3
103% Mar
8
85%
Jan
107% July
Jan
4
109
Mar
2
96 74
Jan
114% July
Jan
Jan
3
119
Feb
4
119% Feb
15
Mar 17
45
Jan
1774
Apr
Jan
96%
Oct
129% July
122
Aug
40 Va July
Volume
COMMERCIAL & FINANCIAL CHRONICjLE
THE
Number 4267,
159
LOW
T.
Mar. 18
$
$
per share
17
10 Va
73%
;•
112
73%
♦110%
♦103%
104%
104%
104%
21%
21%
21%
21%
14
10%: A
10
10%
73
73
73
21
21
27%
17%
17%
17%
18
/
104%
14
9%
10
72%
73
P,p:'P'
>
100
.-rW< 2,000
21%
21%
■
*13%
*13%
100
112
*103
S per
Mar 22
15% Feb
3
12
113% Feb
103
Jan
15
107
19% Jan
18
Highest
I per share
share
109% Jan
No par
100
...100
No par
6% preferred—
5% conv preferred
Purity Bakeries Corp
Quaker State Oil Ref Corp
500
14
Year 1943
Lowest
Highest
9 per share
Par
Pure Oil (The)
58,600
17%
*110%
.
Range for Prer.'ous
Lowest
'
Shares
S per share
share
per
110%
110%
13%
10
s
share
17%
17%
112A/.
*103% 104%
'-
105
20%
the Week
A
Range since January 1
NEW YORK STOCK
EXCHANGE
Sales for
Mar. 24
^
:
13%
R
20%
13%
17%
*110%
112
*103
105
20%
* per
f per snare
17%
*110%
113
•104
Mar. 23
Mar. 22
;
'
per share
'17%
17%
•110%
/•'
Friday
Thursday
Wednesday
Mar. 21
Mar. 20
STOCKS
•■•/.''■--•■-."f
PRICES
HIGH SALE
AND
Tuesday
Monday
Saturday
■A
!
?
RECORD
NEW YORK STOCK
1261
11
Jan
104%
Feb
9
92%
Jan
14
21% M»r 23
13%
A14% Feb 11
19% July
114% July
107% July
Jan
12% Jan 21
10
18
J per share
Feb
22%
15
10% Jan
Nov
July
R
'
'
10%
.
9%
73%
'9%
•
*72%
'
9%
'•>' 9
9%
*94%
73
94%
*30%
:
,14%
30%
30 %
*29%
.
14%.
.
*
*19%
19%
35%
*35%
*29%
30 %
30
19 Va
...
14%
19
A
20
■■
9
; 'A *8%
124
*118
:
123%
*8%
14
19%
19%
•35%.
AA'A
30%
;'AA*29%':
18%-
,
65%
64
66%
14%
*18%
14
19%
8%
125
♦120
*29%
v
AA.
'.
35%
650
14
*13%
19%
*18%
19%
:
*84%.
83%
A
16%;
*84%
84%
84%
'
85
10
9%
9%
9%
9%
18
17%
17%
17%
9%
17%
101
97%
Va
:A: 8
*95%
86 V2
17%
;
8
8%
102
95
A
8
10%
30Va
30%
86%
9%
9%
2.300
30%
30%
30%
6,700
88
67
67
11%
11%
11%
88
.87%'
87%
86%
87
86%
10
9%
9%
10
10
9%
30
30%
30%
30%
30%
;
:
15%
10 Va
9%
A 39 A
*38
9%
14%
14%
10%
14%
*13%
*5% :'A 6%
*13%
6%
6%
19%
19%
19%
19%
19%
29%
29
29
29
29
19%
19%
19 V4
19%
19%
49
48%
49
6%
*28%
19%
.
19%
♦6
•
:
*14%
A
-
•
J
5,900
?nq
-f,i4:.'Ar. m
5%
5%
■
200
*19Va
19%
19%
A
1,300
800
29%
29
29
29
29
19
19%
18%
19%
19
19%
48%
49
*48%
49
30%
31%
31
31V2
*30%
31%
tt
%
%
*ft
%
4
7
18%
25
3
3
15
4
102%
97%
8%
88
68
1
Inc
Motors,
Co
Company
Ritter
Roan
Antelope
Royal
Mines
Copper
Typewriter,
No pat
J
No par
Co
Rustless Iron & Steel Corp
$2.50 conv preferred
Feb 24
Jan 3
Feb 29
Jan 3
Jan 27
59
12% May
71% Oct
Jan
Jan
3%
Jan
10 %
54 V4
Jan
101'/a
21
Jan
29%
Jun
11%
Jan
15%
Jun
26%
Jan
32
Aug
:
Jun
Dec
22% May
14%
Jan
26%
Jan
35
22%
Jan
30
Nov
Jun
6%
3y« Jan
Dec
66j/4 Jan
80
20
Jan
86 V4 July
6
Jan
Nov
13%
Sep
14% Jan
20
12
Jan
19%
69'/a
Jan
93
Oct
42%
Jan
74%
Dec
10%
Apr
4% Jan
Mar 11
May
Jun
Mar 16
14
Jan
Mar .24
95 Mi
Jan
101%
Mar 14
73%
Jan
88%
Oct
5% Jan
9%
Apr
Mar 16
Mar 20
76
Feb
20% July
59% Nov
23
Mar 13
Feb
93%
Mar 22
25%,
Feb
32 y4
Jan
34%
25
7
12% Sep
Jun
11% July
5'/a Jan
Mar 16
Feb
15% July
Jan
80
Feb
70 A
7%, Jan
28
Dec
98
Dec
Jan
38%
15%" Feb
'• 10% Mar
14% Mar
6% Jan
Jun
7 39% July
14%
••
18
7Va
Jan
12
16
9
Jan
Oct
July
3
5%
Jan
17% May
9% May
Mar 18
19%
Dec
21%
Feb
10
20%
Jan
28
Oct
Feb
19
11%
Jan
18%
Jun
Feb
2
43
Jan
50 % Aug
32% Jan
11
27% Nov
36% Mar
% Jan
10
•/ Jan
10
19%
17% Jan 26
1
(The)
Ruberoid
10
30%
4
3
Jan
36%
13
8%
13
5%
No par
No par
Richfield Oil Corp
4 P 12%
B p 89%
28
10
—-—1
Common
Mfg
8% Jan
1
10
Reynolds Spring—.———.
Reynolds (R J) Tob class B
Rheem
86% Jan
preferred—------100
5%% conv
;
160
48%
*48%
•
8,200
10 %
8% Jan
— ——
9%
9%
14
RR
Saratoga
&
4%
10% Jan 12
Mar 10
9% Mar 16
' 107% Jan 17
31% Mar 22
15% Mar 13
30% Mar 14
20% Mar 21
36% Mar 13
P 30% Mar 21
10
Feb
7
127% Feb 14
70
Mar 3
>14
Mar 13
• :
19% Mar 17
16% Mar 8
89
Jan 14
87% Mar 14
•" 74
Republic Steel Corp
—No par
16% Feb
6% conv preferred
100
100% Feb
6% conv prior pfd ser A
100
87
Jan
I Revere Copper & Brass
No par pp. 6% Jan
.7; 7%
preferred—'
——100
84. Jan
5%% preferred
100
63= Jan
V Reynolds Metals Co
No par
10
Jan
Reo
'•
800
29 Va
>
700
15
9%
49
*48%
140
3.400
39
-
19%
,
■
*37
AA14-A
*5%
6%
xl4
6%
19%
14%
19%
AA
15
9%
14%
♦14
A':
39
•37
-
15%
15
10
9%
10
39
*37
15%
*15
15 V*
A
30%
30
39
*38
15%
*48%
86%
9%
88
67
11%
:
39
*6
86%
88
67
12
'
*13%
12%
87%
67
12
10%
350
88
67
11%
88
67
10
89
4,600
88
87%
67
12%
x87%
88 y4
7%
67
88
'
88
'
12%
9%
7%
:
500
94
7%
: *
*66%
67
*15
8%
8
'
140
102%
94
8
11,500
'
25
100
Preferred with warrants
Rensselaer
2,000
9%
17%
102%
102
♦92
A
750
9%'
'17%;
9%
95
*92%
100
84
1
Remington-Rand
3,200
16
85%
84
17%
Xll%
86%
12%
*39
A.
i
100
-
85%
"
9%
17%
9%
18
19%
'16
84%
84
♦100% 102
100% 101
94
95% -A
,
96
.
8
8%
*66 V2
101
101
102
*96
,
1:
:. A:
85%
*84%
.
'
*9%
17%
16
16
85%
84%
85%
82%
86 %
*84%:
16
'
'
86 %
85%
t
200
14%
*18%
14%
*18%
25
50
50
4% non-cum 2nd* preferred——50
Real Silk Hosiery5
Preferred
100
Reis (Robt) & Co 1st pfd
100
Reliable Stores Corp
No par
Reliance Mfg Co
10
70
64
*13%
*13%
16%
A./: 16
16 %
16
16%
16%
*85
300
125
~1
Inc—,■
$2 preferred
-.
A Reading Company—
P
4% non-cum 1st preferred
>Rayonier
9%
69%
8%
85%
28%
Jan
3
Jan
5
Feb 15
Jan 27
Jan
3
12;% Feb 3
28
Feb
2
15'% Jan
3
32% Jan 13
27% Jan
7
P 5"% Jan 3
90
Jan
7
50% Jan
3
I 11% Feb
5
18
Feb 5
•
15% Jan 3
x83% Mar 9
70% Jan
7
No par
wRaybestos Manhattan..
400
9
62
•
*84%
800
29%
'
*18% .19%
8,200
.
*118
63%
62
19 Va
35%
*8%
125
*118
65
,
A,:
9
800
29%
29%
29%
19%
9
*8%
.
*13%
65%
29%
29%
'
122% 124
123%
14
65
14
9
9
9%
65%
65
30%
30%
29%
3.000
;
14%
i
A Radio Corp of Amer
—No par v
$3.50 conv 1st preferred—No par
VKadlo-Keith-Orp" -um
1 P
P
6% conv preferred
100
300
14%
'
~
29%
910
31%
AAA. *30%
14%
18%
35%
12,400
9Va
93
35%
30
19%
35%
900
9
31
14%
48,200
73%
,
29%
30
36 Va
.
A
-
20%
35%
ip'. 31
.15
9%
92%
93%
92%
31%
31%
:
14%
35 Va
18%
35%
31%
30
14% .14%
14%
30 %
*30%'
31%
73
9%
9
93%
92%
93
93
94 %
*30%
31%
9%
9
9%
9Va
9%
V
93
'
9%
25
Jan
3
x30%
14% Jan 5 p; 23
45
Jan 13
50
Dec
S
A'
31
31
31%
.31
"A
112%
%
46%
46%
*106
39
H-
*109
46%
46%
46%
113%
8%
112%
113 y8
51%
51%
108
39%
*38
*109
109%
*108
109
X
39%
V *38
*108
109
A
108%
108%
25%
25%
25%
3Va
3 Va
*3y8
3%
89%
89%
88%
89%
17%
19 Va
18%
19 Va
*24%
A-AAA' 3
89%
89%
17%
18
:
40,100
K?
*108
-
109
*3%
89
87
18 3/4
19
,,:
88%
3,500
18%
.A
18%
24.100
*14%"
15%
15%
15%
15
15
15%
15%
71%
72%,
*70%
71%
72
72
72
72
72
72
14%
Xl4
14%
13%
13%
13%
13%
13%
13%
13%
*73%
75%
11%
11%
11%
11%
*51%
26%
26%
3%
11%
26%
26%
52
51%
52
27 Vb
26%
27
'
3%
3%
33/4
3%
3%
3%
27 Va
27ya
27%
26%
26
25%
25%
25%
253/4
11%
12
11%
12 y4
11%
'120
26%
6,900
5%
Savage Arms Corp.:
5
100
Scheniey Distillers Corp
preferred
Scott Paper Co
$4.50 preferred
$4 preferred
5'/a %
Seaboard Oil Co of Del
No par
No par
Serve!
5
Inc———————1
:?
„/ ;
A
,
Silver King
12 Va
84,600
39%
38%
38%
39
39%
39
40%
39%
40%
39
40
6,300
15%
15%
16 %
15%
15%
15%
15%
15%
153/4
15%
15%
1,800
22%
10
*22%
22%
*22%
22%
*22%
22%
22%
225/a
*22%
22%
35
34'/a
35 y4
34%
34%
34%
34%
34%
34%
34%
34%
26%
25%
25
25
25
24%
25
24%
25
*233/4
243/4
900
13%
12%
13
12%
13
12%
13%
12%
12%
12%
48,600
,3%
33/a
>
:
1,800
Skelly Oil Co—
Sloss-Sheffleld Steel
preferred
$1.20
Smith
(A O) Corp—
Smith & Corona
3%
*3%
3%
3%
3%
3%
3%
33/a
2,100
34%
34%
34ya
34%
34%
35
34
34%
33 %
34
2,800
Southeastern
35
35
35
35'/a
34%
34%
34%
34%
34
34%'
33%
333/4
2,100
South Porto Rico Sugar
*145
149
*145
1,700
preferred
Southern California Edison
Southern Natural Gas Co
Southern Pacific Co
23%
14%
30%
25%
*59
6%
'6%
65
*56
23%
23%
23%
15
15
15%
15
15
32%
30
31%
30%
31%
25%
25
26%
47%
49
60%
60%
:
5 Va
5%
6%
*6%
7'
*6%
A
63/4
25%
60
7
7%
7 Va
55%
56%
54
55%
54%
60
*113
113%
*108
115
600
Spencer Kellogg &
39
39%
4,300
2,200
Sperry Corp (The)
Splcer Mfg Co
39%
39%
393/4
59%
59%
59%
7%
7Va
56%
553/4
37%
37%
36%
...112% 1123/4
*1113/4
112
*63%
64
64
64
*113
113%
110
110
*109
110
*109
110
31%
*113%
31%
115
31Va
*113%
:
109
363/4
AAA,.
7
8,800
55
7%
56
7V4
55%
1,360
*36V4
600
363/4
1113/4
*63%
1113/4
60
110
*109
110
31%
30%
*113V4
115
tt
9,700
*%
■
%
%
%
tt
%
%
3%
3%
3%
3%
3%
3%
4%
44%
47%
47%
48%
47
49%
48%
50%
47
48%
48%
48%
8,800
51%
55
54%
56%
54%
57%
56%
58%
55%
57%
55 y4
56%
27,500
36%
37 VB
36%
37
37
37 y4
36%
37%
36%
37
36%
36%
28,200
33%
33%
33%
33%
33%
33%
33%
54%
55%
54%
54%
54%
55%
54%
55%
42%
43
43
43 y4
42%
43
43
43%
113
►112
113
112
113'/a
8%
8%
8%
8%
8%
112
112%
9
8%
33%
112
y8
9%
7'.
4
32%
..
33%
54
.
55
43%
43%
*111%
8%
114
3%
4
32,700
8,400
32%
33
54%
54%
17,400
*43%
43%
3,100
*111%
500
114
8%
9
2
Square D Co
5 %
conv
No par
preferred
$4.50
Conv
1
-
100
preferred
No par
Standard Gas & El Co
90
31
113%
13
No parNo ps"
-
preferred A
Spiegel Inc
100
1133/a
303/4
3%
$3 conv
1%
1,100
*113
No par
-No par
Sons
Squibb (E R) & Sons
$5 pref series A
—
$4.25 preferred Standard Brands, Inc
$4.50 preferred
600
64
113%
115
70
60
113%
*113
31%
*59%
3%
*%
1
$5.51 preferred
l0P'"
65
—No par
Sparks Withington
25%
7Va
100
25
7.50
Spear & Co
30%
113%
115
6%
100
25%
*113
31
4,900
30%
38%
37 Feb 23
15yaMarl7
22
Jan 28
29% Feb 5
24% Mar 23
12
Jan 27
3% Jan 3
28% Jan 10
28% Jan 6
141
Jan 6
23
Jan 29
13'/a Jan 17
23*% Jan 3
20 - Jan 3
40% Jan 4
54
Jan 7
55,200
—No
No
No
No
$4 preferred
$6 cum prior
preferred
No par
—No par
No par
preferred
Standard Oil of Calif
$7 cum prior
Standard Oil of Indiana
Standard OH of New Jersey
Standard Oil Of Ohio
4% %
par
par
par
par
preferred
Standard Steel Spring
No par.
No par
25
25
25
100
1
6
Jan
34y4 Feb 15
Jan 28
60 Jan 6
113 > Mar 10
108% Jan 6
28y2Feb 9
110
Jan 27
110
Jan 3
Jan 3
Feb 10
Feb 8
Feb 7
32 % Mar 3
51% Feb -7
40% Jan 4
111
Jan 26
6% Jan 13
H
2°/4
33%
40%
35%
313/4
31%
32
323/a
32%
32%
32
32
1,700
Starrett Co
No par
28% Jan 18
64%
643/4
64%
64%
64%
64%
64%
65%
1,700
10
62% Feb 29
13
13
12%
123/4
12%
12%
12%
12%
13%
13
13%
8.6no
11
11
10 3/4
11
10%
10%
10%
10%
12%
10%
Sterling Drug Inc
Stewart-Warner Corp—.
10%
10%
10%
3,800
Stokely Bros & Co Inc
-,17
17
17
17
17
17
*16%
16%
*16%
16%
16 %
1
20
16
16%
15%
16
59
59
58
58
*58
125
125
124
124
*124
5%
For
6Va
footnotes
5%
see
15%
6
page
5%
,1263.
9
9 Va
9
16 Va
15%
16%
15%
583/4
58 Va
58%
57%
125
*124
6
6
125
6 Va
125
5%
17
9%
16
58
125
6 Vb
9
9
15%
16
58
58
*124%
5%
6
109%
Nov
115
Feb
Jan
8
105
Dec
112
Mar
Mar 17
16%
3% Mar 16
5
91% Jan
59%
19% Mar 20
10 Va
25%
;,•/
2
26%
Jan
Jun
Jan
4%
Jun
Jan
90%
Dec
Sep
Jan
18%
9
Jan
17% July
54
Jan
73% July-
8%
Jan
16 y4 May
5
64%
Jan
73% May
11% Mar 16
5%
Jan
Jan
75
10%
Jun
31% Jan
57
Oct
27% Mar 22
4
Jan 27
17%
29
Jun
2%
Jan
Mar 13
Feb
52
23
Jan.
16 Vb
21
10 Vb May
28
Jan
12%, Mar 22
5
Jan
26% MSr 14
28
Apr
May
27%
Nov
xi3ya July
,42% Jan
7
18 y4 Jan
22
15% Nov
45% Sep
24% July
23% Jan
3
22% Aug
23%
35% Mar 16
27% Jan
14
13 y4 Mar 17
v
5
Mar 14
3% Jan
35
Jan
7
11
24 Vb Jan
6
35% Mar
149
28%
Jan
Nov
19
Jan
39% July
15%
Jan
25 y4
5
2%
Jan
16%
Jan
29 y8
20 ya
Jan
30%
132
Jan
21 Vb
Jun
15% July
10y8 Jan
Apr
Dec
Sep
149% July
25
Jan
Apr
Sep
15 y4 Mar 23
10% Jan
14%
32 Ve Mar 22
15%
Jan
30% May
26
15%
Jan
49% Mar 22
35 y4
Jan
62% Feb 29
42 ya
Jan
30% Apr
49% May
66
Apr
18
2%
Jan
6% Mar 16
2%
Jan
28 y4 Feb
126%
6
400
8,400
26,800
„
1,200
40
42,800
5%
Stone
prior
(The) L S
preferred
No par
& Webster
studebaker Corp (The)
Sun Oil Co——-—
pfd (4% Vo
Oil Corp,..
Class A
Sunray
5
cum)
1
No par
100
1
5% Jan
57
11 k Jan
3
9% Feb 10
15 V2 Feb 1
8
Jan 3
14 feb 4
57% Mar 23
121^ Jan 27
5 ,b Feb 15
Feb
25
31% Mar 14
6%
6%
Jun
Sep
33
Jan
61
Nov
21%
Jan
35
Dec
23% Nov
35% Mar
39% Mar 23
32 y4
44 % July
59% Mar 16
56
May
3
Jan
27% Jan
6
7% Mar 13
Jan
60
8%
59% Mar 10
35 ya
Jan
64
38% Mar 13
50% Feb 11
65
9 Va
Feb
Jan
3
31%
9
Dec
43
110
56% Jan 27
64%
-
Dec
107% July
112
.
31%
9 Va
36%
12% Mar
44%
Jan
16
4% Jan 3
5 Vb Jan 26
55
Feb 14
29% Jan 4
25
Jan 26
36% Jan 26
643/4
9Vs
96
42% Feb
8
31%
-
6% Nov
19% Jan
14% Mar 13
64%
9%
1
72% Mar 18
31%
9Va
8% Feb
53 y4 Mar 23
Xl08% Mar 23
"
5%
303/4
114
*113%
190
25%
64%
31 Va
6,500
A
25%
*113
31%
31%
37%
1123/4
*57
'AAA//'
26
64
64%
64 y4
110
*113%
37%
112
*111%
64 %
55
*6%
34,900
49
61
.
No par
No par
Southern Railway
No par
5% non-cum preferred..
—100
Mobile & Ohio stk tr ctfs.—100
25%
7%
*1113/4
371/4
37%
37%
113
*
65
543/4
38%
*59%
7%
a/A m$%
6%
*59%
*38%
•'
7%
39
5%
6%
*30
30
253/a
*63%
6%
48%
603/4
"'A
2,600
98,000
26
24%
25%
"A;
A; / .5
30%
30
26
*37
*6%
5%
♦30
30%
♦111%
5%
*57%
25%
*59 y2
61
65
30%
*38%
49
61
*54
31
60
243/4
473/4
61
65
26%
39
26%
49%
;.7:.6177
5%
26
*59%
25%
49
31
*38%
23%
*54
65
*56
A
23%
14%
30%
61
5%
5%
5%
23%
14%
Jan
.
10% Feb
1
5
Greyhound Lines
8%
149
32
23%
48%
*59
60%
*145%
14%
24%
49
AA/'
30%
23%
47%
26
48%
A 149
*145
15
23%
*14%
31%
149
31%
23%
14%
31'/a
*23%
*145
149
*145
149
33/a
Jan
24
72
Jan 27
9 Va Jan 6
48Va Jan 4
24 ; Jan 18
3% Jan 3
25 Vb Feb 4
25
Feb 21
15
3ya Mar
A 47 y4 July
114
Sep
113% Jan
6
Typewriter-No par
34% i
3%
*34%
12%
105%
Jan
Jan
35
Mar 13
47
3
3
Iron—20
No par
10
1% Mar
%
16% Mar 16
12
15
&
Socony Vacuum Oil Co Inc
South Am Gold & Platinum
'
13
13 Va Jan
No par
No par
—No par
Steel
Sinclair Oil Corp——
•Ml
*
%
63 Va Jan
-15
5
Coalition Mines
Slmonds Saw &
V*
par
par
par
OH
Simmons Co
600
•
par
$5 conv
Shell Union
.
par
par
—No
preferred——No
No
$3.50 conv pref ser A
No
Shattuck (Frank G)
No
Sheaffer (W A) Pen Co
No
Sharon Steel Corp
Sharpe & Dohme——
1,100
•
No par
No par
No par
-
Seagrave Corp
SearB Roebuck & Co
2,100
3%
& Mar 17
% Jan 20
43% Jan 27
110% Jan 8
7
Jan 3
38 Vb Feb 17
105
Jan 6
37% Mar 16
109
Feb 16
108
Jan 3 J
21 % Jan 10
2% Jan 5
84
Feb
7
16% Feb 14
No par
100
—5
preferred
Feb 18
28
100
100
Francisco
preferred
Safeway Stores
26 Va
15%
*25%
non-cum
26%
26%
•25
39%
34%
Louis-San
6%
L
■
*22%
tfjt
Lead———————10
11%
12%
AAA
12
4,300
52
*3%,
26%
25%
11%
12
11%
26%
3%
26%
26%
7
75%''
*51
26%
*26
3,000
13%
11%
3%
27%
27
11%
11 Va
26%
3%
*26%
*26
263 a
26
,
*51%
1
11%
IP/a
330
72
;
*737/a
75%
52
*51%
26 Va
52
*51%
52
15%
75%
*73%
11%
11
•15%'
•
*73%
7334
•73%
75%
*73%
Va
■
3,300
15%
71%
14%
15
600
3%:
87%
883/4
19 %
10
1,200
24%
24%
18%
500
,
110;
3Va
3
39%
39%'
25%
24%
300
108%
*109
88%
:
4,800
52%
O OO
110
*24%
3%
73/4
51%
39%
*109
3Va
25%
270
7%
112
25%
*24%
A *3%
4,700
AAA*112%'A113%A::;:AA
108%
39
3,000
46% A 46%;
8
St Joseph
'
'
53%
H 0 00
500
%
3A
%
113
7%
51
6,200
31
%
46%
113
53%
108
*109
112
A
46%
8
8
108
112
*108
109%
*108
*107
39%
39
112
*38
8
108
%
.
48 Va
49%
48
%
%
%
•
*112%
8
8
50
107
*106
113%
113
A
8 Va
8
49%
*109
%
46%
47
46%
112%
%
%
%
29%
33
Jan
42
109
Jan
49
Jan
112% Mar 22
Sep
Sep
Sep
July
116% July
70
64 y4 Feb
2
114% Jan
10
112% Nov
117
July
Aug
Jan
28
107
Nov
110
Dec
31% Mar 21
25
112
115
;
1
Mar
Jan
6
31%
Sep
100% Jan
2% Mar
fts
10
Dec
115% July
6% Mar
1%
Jan
9
Jan
38%
10%
Jan
44%
28%
Jan
40
15
28 Va
Jan
38% July
55% Mar 17
43% Feb 16
46%
Jan
37 Vb
Jan
"i%
Nov
9% May
25
Jan
31% Mar
4Vs Mar 22
50% Mar 22
58% Mar 23
38% Jan 11
34% Jan
114
Feb
!
Dec
Sep
45 Va May
15
9% Mar 22
32%
60
,
Dec
May
Mar 22
58% July
66
May
65% Jan
6
13% Jan
15
7ya
Jan
14%
Mar 14
4%
Jan
14
17% Mar 14
14%
Dec
Xl7
2
9% Feb
16% Mar 13
60% Jan 21
5%
Jan
Sep
10% May
5%
Jan
15 Va
48%
Jan
11%
125
6Vb
Mar 18
Mar 18
Jun
July
Dec
63% Mar
Apr
130
Sep
4% Nov
6
Oct
122
FINANCIAL CHRONICLE
THE COMMERCIAL &
1262
RECORD
NEW YORK STOCK
•>>>■
AND HIGH
Tuesday
LOW
Monday
ffatnrday
f per
*20
20%
19%
7%
20%
81
81%
81
82
22%
23
7%
8
7%
10%
10%
31%
31%
31%
31%
30 %
30%
7%
29%
7%
/
x/
,
23%
23%
24%
30%
31
31
31
10%
10%
*10%
11%
10
10%
31%
31%
31 Va
31%
31%
31%
'
31%.
31%
29%
7%
7%
Superheater; Cos
72
(The)———No par.
Oil of;.Calif^-—.-.-,——25
Superior Steel Corp..
100
Sutherland Paper Co.
10
800
Sweets Co.of Amer
9%
31%
Swift & Co
2,900
3,400
,
.
48%
48%
5%
5%
5,700
3
8%
500
11%
48"%
49%.
49 Va
35%
35'A
19%
18 Va
19
11%
10%
25% I 26
18%
18%
25 'A
10%
11%
25 %
26%
19
19
•
54 Va
54 %
5%
12%
*12%
39%
39%
•'.
5%
x;
://
13 /•:
13
29 3A
39'A
38 %-
21%
21%
22
14%
14%
14%
14%
103%
103%
104%
28%
28%::
28%
28 Va
48%
48%
47%
48 */4
48%
48%
48%.
48%
9%
104
14
48
9%
20
20 Va
20
20
19%
14%
14%;
14%
14%
14%
4 Va
x/"3 %'
93%
93%
93 Va
9%
9%
9%
14%
14%
14%
4
X
4
»'■;
4
4Va
•;
4'
3%
X
.4,
3%
>
14%
3%
4'
92%
••
92%
1,100
Transue & Williams
X92 Va
10
10%
10 %
92%
10'A
10'A
10%
17%
17%
17%
17
17%
.
17
22%
22%
22%
22%
22%
22%
22%
22%
22%
30
30%
30:
30%
29%
30 Va
30'A
31%
31
29%
30 Vt
103%'.
103%
103 Va
*102%
7%
103%
7%
86%
j
23
22%
89%
*103
103%
,8%
7%
8 Va
7%
7%
7%
7 Va
8lVa
82 %
82 Va
10 %,
10%
*10%
10%
9%
10%
9%
9%
57%
57%
57%
57%
58%
58%
10%
10%
10 Va
10%
10%
10%
7%
7%
*81 %
81%
10%
10%
*103
*102% 103%
103
7%
$6
6,600
'
89
86
86
84%
83
'400
33%
Dec
16
8%
Jan
6% July
41% July
;•
16%
28% July
14
6V* Jan
16
July/'
v
13% July
Nov
17
35.Jan
Oct
53%
Dec.
\8
Jan
52
July ;
47% Feb
•
Jan
1% Jan
July/
15%
Mar 21
94 Va
Jan
103% May
29% Mar 14
23%
Dec
34% Mai
40%
Jan
105
3
3
49% Jan
21
25
50
July
/ji-l •)'.
X1:-;/•/. V r. >
6% Jan
21% Mar 16
14% Feb
Jan
5
Feb
4
Jan
4
8% Jan
Mar
15V8
Feb
21 Va
Jan
28%
Jan
100
Jan
5%
Dec
3
Mar
r.26% Jun x
VV"
Jan
9% Jan
14% Mar 18
3
15 >•; July
34%
Feb
16
23%- Mar 21
••
May
6% May
8Vb Jan
26%
Sep
49
Jan
3
39% Mar 18
6
9%
33% Jan
23
Oct
95
Jan
4
16
8% Mar 20
'
•
10
,
15%
69
16%
Jan
Apr
4% May
/ May
90.
Jan
,
6% Jan
3
17% Mar 21
23 Va Mar 16
9%, May.
12% Jan
.24% July
10% Mar 24
1
•,
3
31% Mar 16
25
Jan
4
103 Va Mar 22
99
/Nov
8Va Mar' 22
4
89% Mar 24
6
10% Mar 13
67
'
34% July
Oct:
.101.
x-4% -Jan
5
Jan
,25% July
Jan„
1%
*
Mar 22
lOVa May
Jan
11%
24
4% Mar .13
94
17
preferred—100 >>'; 68%.
Jan
Twin Coach :Co-i —i—j.—-——1;
8%
7%
f
Feb
2%
16
Feb
85
Corp-^w-—>»lVo: par. :
CorpX——
--LI
.•20th Cen Fox Film Corp
No par
>.$1.50 pnferred;
;——No par
•
• $4.50
prior pfd^
No Par
Twin City4 Rapid Transit—iNo par •
930
1,800
18
...
7% Jan
18
21
9% Mar 17
3V4
.
'
12,300
;
23
13% May
X53% July;,
Jan
13
12 %
-
Truax-Traer.
4,000
10
9%
1
preferred——No par
Tubize Rayon
12,900
X/X
Jan
3 Va
Jun
Apr
5% Mar
Jan
417/a
; 1
Jan
8%
18 Vt
No par
St'l
Tri-Continental Corp——
4,800
17%
16%
*31
.
220
94 V
9%,
17%
94
18% Mar
13
Feb
100'/a. Jan
25
Jan
46 Feb
-
10
No par
Axle——;
Detroit
2,300
9%
93%
8%
45
Jan
:,
8% Jan
5
10
23
Mar 18
Transamerlca Coyp———.-.-2
Transtont'l & West Air Inc
5
>17%
22%
103
Timken
9%
93%
8 Va May
,.
5%, Jan
,3
4
32% Jan
2 Jan
—Nr par
Associated Oil———10
preferred
^No par
Tlmken Roller Bearing-
•9,700
■
Jan
35;
11
•XL 6% Feb 11
13 Va Mar
8
No par
No par
:
*
9,700
;
4%
.
$4.50 conv
2,400
/
17 Va
93 Va
/17
Tide Water
.
.4,900
V
,
19%
14%
19%
V.
•,
7,900
;
9%
9
19%
*13%
20
20%
*14%
47%
9Va
19%
9%
*20%
28%
X
6,900
•.
740
47
29
47%
XX/gx
9%
22%
Products
Thompson-Starrett Co
$3.50 cum preferred
11,500
104
*103%
28 Aa
28%
-
Thompson
'
'
X14XXX
14
■
Third'Avenue
Thompson (J R)——
1,500
2%
*213A
14%
104%
-
104%
9 V8
9%
9«A
•
,"■•■.
22%
22%
28%
28%
28 'A
28%
9% '
2%
35% July
22% Feb
X
A;; 43
Jan 11
4'A Jan 19
25
12 Jan. 10
3
'
1,100
-
Apr
/
17
Feb
112
5"% Jan
-100
92
Jan 31
-17!A. Jan 26
•
preferred—
—10
Transit. Corp,_No par
$3 dlv conv
100
38%
/
i—
9
6
.
No par
Preferred!
•
Thermold -Co-^_>-———
'6,200
;:/v
13;
*37%
••2% ' '
104
14%
14%:
14%
105
104%
X
>
5.700
XX'
35%
•
The Fair-
500
/
.
5%
5%
•
30
47
"X *12%
38%
2%.
23%/:
22%
23%
22 %
14%
104%
X
/;/
■
'
/
3' XX;
2%
22 %
X
'
8%
*46%
13
:
38 Vz
1,400
•
:■>
470
7% X: a
6%
:
13
39%
2%
2%.
5%
5%:
5%
7,900
X
18%
54
*8%
46N. 46
13 X/
25
:
*109 •>•'• 111
V
111
'■>8 /:/
-8
47
46%
47
•13
39%
2%'
8%
8
..
Nov
,
>
54
8%
*8%
*109
111
111
8%
*5%
:
.
.13
8%
/ 8%
8%
11,700
*18%
54%
:
13,800
10%
•..-.-.25
19
19
*54
2,900
18%
.27%
>
July
33
.
17,700
10%
>
25%"
24 V4
19
54
111'
*46
5 Va,
39 Va
3
26%
19
54 X.
"
5%
12%
2%
25%
19%
5%
35%
18 Va
10%
26%
5,100
5%
Nov
>.
,■
1,300
.
.
19
10%
8
46%
*5%
'
I8V2
11
8%
8%
46
47
47
19%
54 (
111
//
112
7%
8%
8
18%
10%
""
19
54
8%
*8 >••■
*109
111
19
HVa
48%
27%
8% Mar 16
■
.
35 Va
10%
'
X'54
54
8%
*8
,
35
.
■
35%
5% X' 5%
5%
35 Va
18%
10%
35 Va
■y 19%
*110
5%
&V8
•48% X
600
11
48%
11 Va >11%: X
48%
5%
35%
5%
*5%
5%
*5%
11%,:
49
35%
v
5
5Va
X
■
.
11 Va
48%
11%
49
35 Va
5%
X
11'A
49
5%
5%
:-rr
5%
5%
11 Va
49%
•
Jan
■
Inc.(Jamesl-i_—9> ;
7 •-Jan: .5
>; 49
Mar
partlc preferred
50 42 . Jan "3
6Va Feb
<Telautograph, Clorpt^:—^
' -; 4%. Jan. 12
11%. Jan
Tennessee Corp..
5
10% Feb 15
.50'A Jan
Texas Co: (The)>i.x^--———25 /: ,> . 45 % Feb - 7
5% Mar
Texas, Gulf ProducingNo par
4V72 Feb 28
35% Feb
Texas Gulf Sulphur—.:——.—No par
.
34% Jan' 7
19 Va Mar
4
Texag Pacific Coalr&. Oil—
10 .•; 14'A Feb 9
11% Mar
Texas Pacific Land Trust—
1
8% Feb
26% Mar
Texas & Pacifically Co_
_100 .
17.% Jan 4/
13
.19% Mar
Thatcher. Mfg. Co„
Na par
12% Jan
4
$ 54% Mar
$3.60 cony preferred-No par
50'A Feb
.
-
Jun
22%
7% Mar. 13
K Talcott
40 vv';'.:- 5 Va %
48
*46
48%
*46
■:
*7%
-
1
X '5%
5%
*5%
11%
48
48
*47
48 Va
*11%
7%
■:x
8%
8%
48
:
8%
*7%
,
12%
>.
5.
-7
Jan
:•'
8%
*7%
•
7%
'7%
Feb
33% Jan
Feb
6
T
:
-
'
Jan
2
29
32% July.
Jan
4%
32% Feb
1
May
14%
10
No par
82
.26 %
27% Jan
Elec Prod'&/Inc
Apr..;
May
58%. Feb
,
X
31% Mar 20
Symington; Gould Corp-:
7%
22
3
11V2 Mar
.,3
7 Va
7
2. >'
27 Vt Jan
—
share
per
3% Jin
31% Mar: 8
4 >/:.
Highest •;
/
share
12%- Jan
24% Mar 22
28
8% Jan
Sylvania
29%
29%
7%
Ltd
4
29% Jan
I
Mar 16
84 % Feb-
5,100
'
7
—
Swift International
3
Jan
20
12 Va
23
(The)-
Jan
f per
8% Mar 16.
I
;
27 vv 21
Lowest"
•>•> ,'/>■
% per share
3
17% Jan
"2,300
23 Va
XX 31%:1 31%
30
5% Jan
10c
Co——
Mining
.
Highest
f per share
Superior
900
v
31
31%
..
v;
par
Sunshine
1,300
:
9%
X
31%
30%
7%
TVs
7%
31%
29%
31%
31%
■29%' 30
77
'Lowest'^;,;'';:
'■/?
v
Range since January 1
-A?,;-'"
700
77
*30
31
*30
V
19%
.
23
Va
23
23 Va
22%
30
7
; 77
77
:'..X.
79
79
81
*79
22%
30%
30%
*10
11%
31%
31%
31% >31%
19%
19% :■<>
19%
"■!'> •,
>
10,900
7%
7%
A
;v->>>' Exchange
Shares
1 per share
:
8
7%
:
20
19%
20 Va
20
22%
31
*30
-
8 Va
7%
8%
7%
Mar. 24
:
;; $ per shared
S per share
t per share
share
I per
share
Mar. 23
Mar. 22
Mar. 21
Mar. 20
Mar. 18
the Week
Range for Previous
Year 1943
V vV:';;,'
STOCKS '
NEW YORK STOCK
Sales for
Friday
Thursday
Wednesday
March-27, 1944
^
^
9% Jun
77%
Jan
Jun
11% Jun
6% Jan
U
58
.*57
10%
10%
*112%
113
19'A
103%
94%
19%
19%
103%
94%
27%
27%
29%
105
*104
26%
26%
26%
111%
*111
22
*21%
22
*21'A
63%
63 %
63%
*23%
24%
64
*23 %1
1%
1%
34%
14 Va
99
99
6%
1%
1%
341'4
8%
*27%
28%
*79%
80%
*102%
5
102 Z 102%
5%
>•
6%
9%
"9%
v
.
'
X 33 Va
*44
45
39
.39%
1%
♦111
47%
46%
*136%
137%
179 Va
*176
*9
.
38%
38 Va
38%
•111
9
•
6%
63/a
9Va
9Va
32%
32%
38%
39
*44
•
■•
.
38%
38%
44 Va
1%
1%
1%
1%
48%
47%
48%
136 Va
136
136%
1361/4
136 %
137
-
6%
*9
:
44%
•/
32%
t
12,800
'
47%
U S
800'
•;'
1%
.
U S
200
39 Xx
lVa
U S Plpe .&
2.300
.
16.300
Plywood Corp
Realty & Impt
54%
73
53%
54
122
121%
*24
46%
24%
24%
46%
*45 Va
2%
*83%
86
*84%
*16%
17
16%
4
*36
*73
■74
*162
/
165
46%
*84%
*16%
4
X'J
/ 73
73%
•
2%
;
16 %
*16
17-
73%
35%
4
/x
35%
*
162
163
165
*163
162
*72
73%
l.ioo
45%
f
*16
.
'
2%
2.500
3,000
-v
V.
73
*163%
;
50
;A
60
165
21Va
20%
11
11
11
43
*117%
43
43%
118
*117 Va
*44
46
*65%
75
*70 Va
74
22
4%
68
*70%
22%
X21%
4%
58%
116 %
117%
57%'
*116%
42%
43%
118
*117%
•
44%
45%
68
74
—
77
*117%
-
45%
*44
72%
*72
*68
10%
22%
22%
22%
4%
4%
5
4%
-
57%
*57Va
58%
58'A
117%
•116%
116'/a
116%
57
*
10
22%
2,100
5%
50
61
116%
60%
116%
50
49%
38%
*38%
39%
38%
38%
*38%
33%
33%
33%
33%
*33 %
33%
106 %
*144
1263.
115
*109
*144
115
—
110
*144
50
110
*109
*144
115
180
>
!
39 %
33%
•
*47
30
'
.
•
:
800
1,300
,
\
20
Norman
6%
2% Jan
10
:_No
38
par
5
75
Jan
,-4
>v Tl.%
Jan
7
Jan
26
Jan
19
Jan
Jan
25
Feb
14
preferred
:
X
,
Preferred
;
2l
34:.
Mar
.2
•2% Jan
2l
8
A 58
Jan
11
73
29%'
Jan
24
4
17% Jan
..•
10
>
Feb/16
75
169
«
Feb
25
21% Mar 16
11% Mar 17
43 Va Mar 20
Jan
28
Jan
25;
64%
Jan
74
Nov
47%
Jan
Jan
July
Nov
29
Apr
Jan!
112
50% Aug
20% July/
7
117% Mar 21
17
52.
20
39% Jan
Mar
34% Jan
:110
Mar
7
15
July
"
59%
75 Va July
Jan
165%
Jan
15%
Jan
8%; Jan
/.
,
Jan
25%
40Va Dec
;
Nov
25% July
X 12% Feb
37% Oct
120
Mar
115
20% Nov
Feb
,41%
Nov
30%
150
57
Jan
6% July
2% Nov
70% Mar 17
.52
114%
Oct.
88
Dec
51
,9
Oct
Jan
3
V?4
3% July..
3/.
Jan
%
13%
8
Feb
/
Jan
-56
X
59% July
125
Mar 20
Feb
4
;
Mar
11
5% Mar 24
62 % Mar 24
23
May
Jan
,
Dec
62
68
23% Feb
'
130
46-;"Jan
47,
118
V/46% Sep
:
.6
4% Jan 18
Mar
7
36
July
Jun
Jan
20 Va
3V« Mar 10.
Jan.
4
*3
v
3% May
25%, Jan,
;101
42Va
■x
1%
3
38%
Mar
'38%
Mar
; 33 %
'Jan
102
42
44 Va
18
Feb
37 Va May
Jan
Jan
2^
86
9% Jun
Jan
Jan
v
Oct
8VeJuly
/ "
Jan
48% Feb.23
24%
114
29%
i
122% Jan
X
4
Mar 20
:
55% Mar 16
4
13
Mar
138% Mar
,4
149
8% Nov
20
48%
-
7
13
19% Apr
Jan
32
6
4
-.
A
Mar 13
46-
:
x423AJuly
7% Apr
4% Nov
>
39% Mar 18
Jan
Oct
Nov
'
Jan
108
6% Mar 23
9% Jan 18
'
;
63% Jari 15
Feb 11
70
21Va Jan V 7
100
100
13%
26
Jan
9%
37 •
Apr
10 Va
44 Va
Jan
28
Feb
>112
116%
$6 pref—L_No par
100
25
i25
100
4
181%
Jan
X 41%
No par
Iron/Coal & Coke 5% pfd
Virginian Ry Co
6 % preferred
I
;
Vulcan Detinning Cow
1
30
JulJ
75% Oct
Dec
Jan
3
.
19
Jan
Jun
4
,
99% Dec
'
5%
Jan
/
•
39%
Jan
.
Jan
168
Mar
Jan
13% May
Jan
59
v
23% Feb
27
Feb
5% Apr
Jan
9Va
Dec
.
'
'
10
17%
m
17
Jan
;>\X7:-'• Feb
.3
Feb
Feb
100
Jan
84%
•
39% Mar 13
Jan
162
Dec
3 Va
Mar 23
47
29% Dec
Jan
x
Mar 13
180
X-1 3V4 Jan
31
Jan
70% Jan
Co——
Va
16%
99
Jan
10
Apr
Sep
2% Dec
'
21
1
17
1
76 V2
10% Mar 18
Jan
July
9% Jun
35
.2% Jun
Mar 16
•
104% Feb
;
66
|
60 %i Mar
81% Mar 16
2% Jan
3
21% Feb
40
Jan
Jan
Jan
5 Vs
Sep
Dec
9
'
'
5% Mar 16
Mar 23
15 Va
98
23% Nov
6
104% Mar.
.•
100
Chemical
38%
Mar 23
Jan
Jun
x26
7% Jan
94% Dec
,
3
'• 130
.--No par ;
div partic
Va El & Pow
-
35% Sep
57% Mar 13
/X V
Va-Carolina
6,200
62 V*
116%
*47 Va
*48
Jan
4
35%
—No par '
2.50
Van Raalte Co Inc——:
—5
■
1% 1st 'preferred—
j
100
—5
r Vick Chemical Co_
Vicks Shreve & Pac Ry
L
100
5% non-cum preferred.:
100
1
—5
' Victor Chemical Works
19.900
74
38 %
*
.
400
*
/:;
/
10
5
-X.
45
»
~1
Inc
•
preferred—
8
Van
•
900
•
42 Va
120
33%
*144
900
~
17%
10
Vanadium Corp of Am.
5,600
20%
*69
>
*72
43'8
34
*68.
42 Va
42
117%
45%
44%
*72,
-
*41%
117%
118
*22%
38%
footnotes see page
42%
10%
11
4%
38%
For
44 3 a
116%
58 Va
117%
115
-
: 42 Va
*117%
*10%
22%
39 %
*106%
;
11
4%
4%
*38
115
20%
21%
22
49
*144
20%
20%
22 %
50
*106%
43%
X
44%
74
50
34
11.
118
•
51
34%
X
"'
74
*49'A
34%
21%
'
*70%
*68
.'X
20%
21%
11
11
11%
4%
58%
*
*44 3 a
20%
21
Laboratories
Preferred
Vt
20%
25
'7% Jan 17
—n:_No par ]
Universal Leaf Tob
,3;:-70
;
2% May
——
Universal
300
4
35%
73
■
400
16%
Jan
14% Mar 13
j
85%
U
99% Mar 22
50
:
26
29
150
Ref St Min—
—
,
210
2%
::
2 Va";
*3 = 4
73% '
165
*163%
4.70U
35Ta
36
*72
163
V.
:
'
3%
3%
35%
'
,
(,
X
Preferred
U S Steel Corp—
Jan
36% Jan
~
23,900
24 %
*85
85%
;
200
>!.■
45%
2% xx '■>
*84%
i
/:■■•: 2%
3 •"•;
2%
•>/
f
24%
•
/■/
85%
*3%
•V
36%
*72 ;>•
45
16%
4
*3%
•35 Mr
36%
24%-r
U S Smelting
800
•
72%
52%
121%': 121%
121%
45
2%
2% •Z'2%
r
*84%
17 \
*36
46%
'XXX
53%
*24 Va
2%
•
2%
86
16%
52 %
121%
24%
>*45
3
86
54 Va
121%
24 Va
53
24%
*2%
74
54%
72'/a
52%
*53
53%
53%
*72
121%
122
24%
•
2%
.
*3%
4
36%
:
X/X3/v
3
*2%
2%
72%
*45 Va
46 %
3
3
*2%
54
72%
53%
53%
121%
122
24%
54-
73
*72
.
537/a
53 %
121%
54%
54%
54%
54 %
*72
73
Jan
18%
-
Jan
.
Jun
55 Va
21
1 % Feb
3,
.
69%
5
Jan
5
;
Jun
114
109% Jan
.
Jan
26
42
.35%
■
22% May
68
.52% Feb ,1
70 > Jan
6
; 50% Jan.'3
Preferred
100 xll9% Jan 27
Y U S Tobacco Col---;
>_No par
; 22% Jan
3
..;
7%i>non-cum preferred-i.———25 ;•
45
Jan , 4
United Stockyards Corp
r_l ;>< > 2% Jan 28
United Stores class A
w;
;;
5
:* ; 23/a Feb 19
i
$6 conv 'preferred
>No par ;
76 Jan J3
4
Universal-Cyclops Steel Corp—
I
14% Jan
'
'
54%
*70%
14
113% Jan
Jan
110
53t
8%
31,
40%
33% July
Jan
18
18
Feb
.
Jan
17% Jan
9
70%
170
8%
No par
'
Jan
22
.
—1
;
93%
Oct
Mar 16
112
6
.
V U S Rubber Co_—
1
—,10
.8% non-cum 1st preferred—-100
1,200
135
U S
■
:
40
May
114V2 Jun
Jan 12
16%
-20
10
Foundry
Playing Card Co
x24% Nov
11
Jan
27% Mar 16
5
Jan
14%
—
.
400
J
-
.44% X
135
137
22,500
:>
9%
:
■
46%
••>
48 Va
*134%
;'•••
*38
1%
1%
47..
6%
■
•--*44
38%
;/
38%
1%
47 Va
■•'•:
Farttc & conv jcI A-——-—No par
Prior
preferred
i——i00
U S Lines Co—
—1
Preferred-—i—'
10
30% Mar 13
106
7
3
Feb
97%
*
20
112
"32%
32% >■>
32%
V *44
38%
47%
•
1,400
>
28 Va Mar
Feb 17
7%
t;
:
;
50
97
24% Jan
-
;
-20
100
5
-
79% Jan
9
98% Jan
4 Feb
1%. preferred——,
—^
i.US Hoffman Mach Corp.::
5% % conv preferred:
-50 .;•
U S Industrial Chemicals.^—No par
U S Leather Co2_——uNo par
:
21%
♦111
112
Co.:
U S Gypsum
„
,
6
5%
21 X
21%
21
6%
9
9%
44%
38%
6
LUS
400
I
47
112 Va
6%
32%
44%
47 V
Secur——-No par
preferred——:
No par
Freight Co
-—-—No par
1st
28
Feb
Jan 27
Jan ; ,4 V
-
Oct
22% July
102% July
/
96% Feb
.28V2 Jan 19
.
•
U S & Foreign
$6
8
Apr
114 Va
Jan
80% Jan
28
27
Jan 4
75V» Jan 12
xl% Mar 9
...
3,300
4
•
,
'
•
10%
47
.
1.300
179%
10%
47
21%
21%
6 Va
2,200
5 \
Coal Cos—
Fdy———5
-—"—No par
'. .United Gas Improv't ex-dlstribtion-,
/ United Merch & Mfrs lnc-j
1
>5'preferred
100
United Faperboard
——10
•
*111'
V 112%
71
11
*5%
5.200
Electric
xll8
Jan
15%
24
lVa Jan, > 3
United Fruit Co^i-L-
,
v
:
Feb
Jan
8
104% Feb
Jan 3
Feb 24
Jan 19
Jan 19
Jan 12
Mar 23
110 .
6222 •
United Engineering &
.•
A
10%
6
United
280
38%
5%
'
22%
32%
■>'
conv
,.
7,100
47
38
-
6
*176
10%
*46%
37 Va
6%
9%
;>
45
1%
47%
"
*70
179%
100
*
•
1
$4.75
1,100
17%
Feb
$3
9%
17 Va
Z'X/
4,400
X
103
*101Va
'
X
47,500
•
3
"• United
;
5%
9%
10%
'
V
/. 39%
1%
71%
10%
:
33%
*44 Va
70%
10%
21%
6%
9%
34
72
*176
V 179%
36%
112 Va
*33%
18
71%
*5%
22%
6%
17%
71%
*46% V 48
.
6 %"
*111
18%
18%
10 Va
38%
22%
103
10
2.000
103
5Va
102%
10%
18%
*176
5%
102%
17%
.
5 Va
1%
ioo
a
35%
34%
103
10 Va
102"
10
102
>
1%
1%
102%
20
■
,
105% Jan
preferred--—-.L—~.wi—No par XL. 33 Vt
Drug- Cd-'——*—
5 x/ ' 12%
preferredpar • ; 95%
United Dyewood Corp
Jk
1
6
'■&*< Preferred■ -j,—
.—100
50 ;
L
31,700
?
78%
78%
36 %
36
.
28
*27
5Va
71%
r
48
*6
111%
102
179 Va
38
6%
/
5%
5%
'. 9%
•V-
10
*46%
111%
5Va
10%
22%
*22 Va
.'
9%
-
300
1,100
6%
102%
103
*102
8,000
55%
9 Va
>10
1% X
37%
36%
37%
103
-
IT 8
1%
l7/a
1%
37
103
15.300
:
*6%
79%
•
\
X
*55Va
28
*10 %
5%
9%
79%
18
38%
*38
*55%
9%
28
&
i
99%
7Ve
55 Va
9 \;>
13%
.
56%
7%
7-
55%
80
72
48
*46 %
-
9 '
34%
*99
99%
28%
72%
*10 Va
/
7
56%
1%
34 Va
14
*99
1
23,100.
1%
34%
13%
14
99%
*28x
102%
*176
*
loo
:
.
13 Va
34%
35
13%
99%
X
••'-
1%
1%
X79%
17%
10%
1%
28%
71%
181
24%
80%
18
72%
*176
*24
80%
9%
*101%
17%
24
'
5%
,5%
;
140
1,300
24
*
*6%
1%
10%
•
*99%
37'A
10
:
300
:
'
24%
34%
14
100
103
/ *5Ve
!
112
64
*27%
Va
21%
21%
*63%
80 Va
102 %
103
-
*110
113
Mar
.
x76%
6
19% Mar 17
26% Jan 11
preferred—
100 ;
United ,Airi Lines >IncL-LiL-u:—LllOi
4 V2 % ' preierred* '—i——*—100
United Biscuit Co——:
—No par
5% conv preferred—
._100
United Carbon Co—
No par >
United-Carr Fast Corp——No par >
United Corporation^—y
—No par
5%
200
"112%
63%
8%
37
38
.
8,500
25%
25%
*112
111
*54%
1%
1%
1%
37%
United. Aircraft Corp——
400
63%
28 %
'v.
8,000
•
21%
21%
110
8 Va
*27%"
80
21%
56%
.
'
"
111%
Mar 20
113
3
27
100%
22%
102 Va
20%
29%
104%
64
1%
34%
13%
7
8%
26
25%
111%
■
111
*24
24%
99%
*54%
8%
26%
116
5
Jan
5
'29%
104%
86% May
19
92 %
104%
*
29%
29 Va
*104
112
64 V,
*23 V2
*6%
56%
6%
*55
27 Va
29%
/ in
34%
99 Va
27 Va
11% Feb
Dec
Feb
82% Jan
July
Jan
Feb
i Union Pacific RR Co
;
8
25
Feb
]
4% non-cum preferred—:
100
; Union Tank Car ————No par
59
Jan
42
28
Mar 11
11
7
Feb
1,100
2,200
58% Jan
10
Feb
3,400
103%
•
-14
14
27Va
27 Va
21%
22
1 Va
34%
14%
94%
27
25
100
California
Union Oil of
•
64
>
24%
1%
34%
93%
*111%
112
*111
64
103
93%
X, 25%
•
*21 %
;
112
*110
112
*110
103%
93%
105
26%
*111%
103%
105
112%
•26%
111 %
104%
29%
29%
26%
-
19
94
Preferred $4.50
3,500
19
19%
27 Va
105%
112%
'
X
29
104
113
No par
$5 pfd_^_No par •
series
No par
Union EI Co of Mo
350
'
27%
*104
•29%
29
104
•
No pat
30
•
116
19%
:
.94
94%
27%
"
103%
103%
103
*
94%
*27%
.27%
29%
103
94% ■•■>94%
3,800
79%
79 Va
*112 Va
Jan
51%
9 Vt
76%
113
109%
18%
93 Va
No por
Union Bag & Paper
—
Union Carbide & Carb—
7,200
*115
•>.■•■;
113
*112%
10%
Under Elliott Fisher Co
1.200
19 Va
19
19"'
19
115
115
113
113
ns
113
113
116,
58%
10%
80%
79%
80%
80
Alls:
' lie¬
•115
116
116
80%
80
80%
80%
80
*115
58%
,
Oct
44% Oct
Jan
'
65
Feb
67% May
26%
Aug
Feb
Jan
6% July
39
Jan
68% July
115
Dec
2%
'20%
27
45,
Jan
40
6
29% Jan
2
80
113
X123
Jan
35%
Aug
Oct
Oct
Sep
Jan
110
Aug
Jan
150
Nov
.Volume 159
RECORD
NEW YORK STOCK
Tuesday
Monday
Mar. 18
STOCKS
PRICES
Wednesday
AND HIGH SALE
LOW
Saturday
Mar. 20
9 per share
share
* per
9 per share
f per share
s
*57%
59%
57%
58%
57%
58
57%
58%
56%
56%
56%
56%
1,300
•11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
*11%
11%
800
per share
Lowest
Lowest
I per share
Shares
9 per share-
Year 1943
Range since January 1
Highest
STOCK
EXCHANGE
the Week
Mar. 24-
Mar. 23
NEW YORK
Sales (or
Friday
Thursday
Mar. 23
Mar. 21
1263
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4267
I per share
Highest
per share
$ per share
W
26%
26%
26%
*105%
105%
50%
*50%
17%
26%
*105%
51%
17%
17%
17%
17%
17%
87%
9%
8%
*8%
9%
♦17 %
47%
*17%
9l/a
9%
9%
9
8%
9
*9%
9%
9%
9%
1%
1%
1%
1%
1%
1%
1%
•49%
50%
49%
■49%
49%
49%
49%
13%
13%
13%
13%
13%
13%
13%
*9
'
..
'
IVz.
:
''•'22%
/■" 23
23
*22%
23
18%
*27
18
27%
18%
/ '
22%
:
■/.
•
13
49%
k
8%
7%
8%
22%
18
17
17%
17%
26%
26%
26%
8%
8
24%
24%
81%
81%
*81%
23%
22%
23%
22%
23%
23
24
84
23%
87
86%
86%
86%
86
86
99
99%
99%
95%
94
94
:
99
-
*85
-
100
17%
84
600
22%
22%
86
86
West
16,100
99%
99%
150
94
95%
95%
96%
96%
*95%
96%
114%
114%
114%
114%
•114.%
114%
100
99%
100
99%
,
*114%
*18%
*18%
18%
*106
31
19
*106%
107
*30%
31
4%
4%
4% '
4%
*18%
107
*106
107
31"';-
19
;//• :\, 18%
19
*106
107
31
114% 114%
114%
114%
115
:
4%
■
.
V
5%;:
4%
4%
5%
Western
10%
11%
11%
12%
12%
13%
13
14
12%
13%
12%
13%
47%
48%
49
50%
50
50%
X47%
49%
47%
48%
19,600
27%
27%
27%
27%
28
29%
28%
29%
27%
28%
27%
27%
Maryland Ry
100
4% non-cum 2nd preferred—100
Western Union Teleg class A -No par
Class B
No par
15,400
48%
f 5,700
97%
*34
36
*34
108%
27%
108%
*101%
36
*27
28%
*108
108%
65
67%
108%
*65
68
27%
,
102%
101%
22%
22 %
22%
22%
21%
21%
71%
72
72
71
19%
20
20
22%
*71%
19%
108%
$4.50
30
66%
100
Prod
preferred
-—.
2,600
*71
72 $fi:
*19%
20
24%
9%
6
5%
9%
5%
1
23%
9%
24
'•
■
9%
24%
10%
20
23%
24%
10%
5%
11
5%
5%
*5%
130
1,200
20
10%
24%
23%
10%
5%
5%
6
*70
19%
19%
f
72%
72%
*70
20
10
9%
9%
*5%
72
23%
23%
23%
1
5%
■
*19%
''
;
71
-73%
«71
25%
25%
6%
*24%
25%
*24%
6%
6%
6%
6%
;
'
»
:
7%
7%
7%
7%
7
.7%
-13%
13%
13%
13%
9%
9%
9%
9%
9%
*85%
86%
*85%
85%
25%
25%
8%
7%
8%
7
*25
/" '26
7%
■y
300
■
7%
7%
14%
*13%
7%
7%
42,000
*13%
14%
i 4.100
9%
9%
9%
10,900
85%
85%
600
11%
12
7%
14
-■
*»«.'
.
:'
*20%
21%
20%
20%
39%
39%
39%
39%
26%
27%
27%
20%
20%
20%
20%
20%
20
39%
39%
39 %
39%
39%
39%
6,200
Woolworth (F W) Co
27%
27%
28%
27
27%
27
27%
4,900
26%
114
*100%
114
*100%
114
*100% 114
*100%
114
100
*901/4
100
*90%
100
*90% 100
*90%
100
60
61%
61%
60
60
59%
60
59
59
61%
61%
60 %
61 V'-
61
61
500
59%
*58%
61%
*59
60
*60
700
•62
*85
87%
84%
84%
*83%
85
*83%
85%
*83%
85%
*83%
85%
*68
69 ye
69
69
*67%
70
*68%
69%
*67
69%
*67
69
28%
29
29'
29%
"29
29
2,400
Yale St Towne Mfg. CO
11%
10%
11%
8.800
York Corp__
■
200
7%
56
July
Jan
15% July
22
Dec
32%
23% Jan
7
lSVa
Jan
23'%
Sep
19% Jan
4
121%
Jan
20'/a
Dec
27% Mar 16
17%
Jan
26
8% Mar 22
21%
Jan
Mar 13
241% Mar 17
17%
81% Mar 21
69
Apr
.
July
8'% July
Jan
26% July
Jan
79% Nov
8
8%
Jan
20 'A
Dec
85
Aug
Jan
99
57
Jan
109
Jan
114%
16%
103
27%
3%
7Ve
41
22%
22
24
Mar
96% Mar 23
Mar 15
117% Jan
10
Jan
4
Feb
1
Feb 23
Jan
7
Jan
3
Feb 10
Jan 20
Jan
3
20% Jan
14
11%
16% Oct
6
103
Jan
321/4 Jan
5
19
Jan
31%
Dec
Jan
6'%
Apr
2%
5Va Mar 22
,
5%
Mar 22
14
.
110
Jan
117%
Oct
49%
Oct
Nov
24%
Dec
24% Mar 13
15%
Jan
24% May
81
Jan
100
Jan
138
Jun
Jan
40
July
99% Mar 21
4
31
29
Feb
22% Nov
133
16
Mar
60
Apr
Jan
99
Oct
22% Mar 16
18
Jan
72
Mar 17
58%
Jan
24% July
71% July
20
Mar 16
15
Jan
20
13'%
Jan
3%
Jan
22% Aug
10% July
2%
Jan
8
24% Mar
Mar 23
11
6% Mar 13
26
$ 73
40
Mar 15
/ 25% Jan
28
7% Mar 13
Jun
71%
■
Jan
X20%
86
Jan
,
Oct
Apr
27
Oct
2%
14% Mar 22
6% July
Jan
91%
8
;
Jan
2i%
8% Mar 22
Jan
Jun
14% July
4%
Jan
57%
Jan
801%
Oct
9
Jan
117%
Apr
115
Jan
Mar 10
10
88% Feb
16
121% Mar
5
9
-
>
91%
121
Sep
Dec
J~a~n"25
17%
Jan
241% July
39% Jan 22
30%
Jan
42'% July
28% Mar 16
16%
Jan
22%
19% Feb 18
36% Jan 3
20% Jan 4
105
Jan 27
94
Jan 12
47% Jan 5
49
Jan 5
81
Feb 4
67% Mar
29% May
112'% Jun
Jan
52-
July
85
67% Mar 22
7
24
—
•
106%
108% Feb 26
7
10% Jan
Jan
102% Mar 22
3
7
24
24
27
4% Jan 14
6
Feb 3
12% Jan 12
8
Jan
3
80% Jan 4
-
Apr
37 y8
22
120
Feb
Jan
Jan
Jan
Jan
Sep
29% Mar 22
/' 50% Mar 22
25
Feb
Oct
Jun
106% Mar
Mar 16
Jan
Oct
87%
119
Jan
35
18
No par
No par
Wright Aeronautical
Wrigley (Wm) Jr (Del)
20
Jan
24% Mar 22
14
20% Feb
66% Jan 28
Worthington P & M (Del)—No par
7% preferred A
100
6% preferred B
100
Prior pfd 4% % series
100
Prior pfd 4%% Conv series—100
Woodward Iron Co
700
May
2% Mar
Jan
jan
97% Jan
100
10
10
pfd
Wisconsin El Pow 6%
*122
•122
*86%
100
60
1,500
39%
m
%
26
1
67%
-10
Co
v
11
1% Jan
13
41/a Jan
101% Mar 10
51% Mar
25% Jan 13
105 % Jan 12
59% Feb 19
No par
preferred
21
*20%
39%
12
*96 %
*96% 414
*60%
?
12%
$6
Wilson-Jones
11%
*122
*122
27%
*85
12
Jun
50i%
No par
Wilson & Co Inc
Oct
9%
'
13
1
10
12
12
1
*122
*122
9%
85%
*85
85%
85
12
*11%
12
9% •;V; 934
9%
Jan
10
5
Willys-Overland Motors
6% conv preferred
4%
Jan
20
Wilcox Oil & Gas Co
46,700
8%
preferred
preferred
conv
Prior
'
85%
7%
14'/a
7%
14
$4
100
73
,
'
*11%
*86%
25%
*24%
25%
*70
71
"
*13'/a
•
72
*71
71%
71
71
91/4 Mar 17
Feb
1
20
No par •/•/• 7%
1
5
No par
x64%
White Sewing Mach Corp
1,200
18% May
89
32
100
White Rock Min Springs
29,400
Jun
54%
Jan
101
conv
White Motor Co
8,400'
-
1
109
Jan
15%
3
•
.
Feb
38%
9
preferred
100
Wheeling Steel Corp
No par
$5 conv prior pref
No par
White Dental Mfg (The S S)
20
5%#>
103
5
Feb
18
Feb 7
127% Mai* 8
12.50
No Par
No par
Instrument
Wheeling & Lake Erie Ry
640
22
22
Elec
Weston
19
52% Mar 13
x91
50
—50
preferred
partic
Westvaco Chlorine
100
101% 101%:
102%
1st
35
66%
67%
401%
22%
Westinghouse El & Mfg
30
27%
*108
108%
67%
3,400
27%
27%
*108
5,200
98
*34%
35
*34
101% 101%
101%
22%
*34
24%
129%
129%
*127%
130
■97-
98
97
129%
No par
Westinghouse Air Brake
23%
24%
23%
99
.
28
*108
68
101%
102
22%
108
.
*63
98
*127%
36
27%
27%
108
65
65
24%
23%
99%
127% 130
*34
36
27
:/*27%:
*
130
*127%
24
98%
98%
98
98%
130
23%
24%
24
24
24
*127%
,
100
—10
-
106V4 Jan
Dec
96% Feb 16
85% Jan 3
100
No par
Western
v
47%
*
Co
preferred
Auto Supply Co
1,400
18,500
30%
30
30%
6%
107
*106%
107
30%
5%
5%
5%
.
*106%
30%
*30
30%
pfd
4%%
West Penn Power
West Va Pulp & Pap
28'% July
401%
r
Jan
83
100
100
400
,
11% May
Jan
18% Feb
-
A—No par
preferred
preferred
110
19
19
19
19
No par
1
Indies Sugar Corp
1%
6%
140
•;:/Z-94 •/'•:
,!
par
No par
West Penn Electric class
$•-4 '70
'
*94
No
preferred
$4 conv
100
86
-
Wesson Oil & Snowdrift
2,200
84
23%
22%
*85
Wayne Pump Co
Webster Eisenlohr__
43,400
8%
24
*82
100
,
Washington Gas Lt Co
Waukesha Motor Co
2,300
26%
~
8%
23%
8%
8%
23%
*81%
24%
24
23 %
No par
No par
5
1
Pipe
Warren Fdy &
M,600
i
400
23
25%
81%
*85
Warner Bros Pictures
22,700
23
•22%
50
5
preferred
$7
1,300
•v
No par
B
Jan
20%
Feb
4
17% Jan 12
7% Jan
3
8
Jan 27
1% Feb
9
45
Jan 27
11% Jan
3
> 22% Feb 14
22% Feb
1
16% Jan 21
23
Jan
6
—.
6% Jan
3
22% Jan 26
77.. Jan
6
No par
Class
Jan
7%
11
121/4 Mar
48
No par
'
*26%
8 V8
7%
23
23%
22%
24%
24
13
23%
*81'%
24%
50%
12%
24%
•/•■' 81%
24%
49%
13%
"
1*81
200
f 1,300
1%
24%
8
27','2 Feb
59 Va Mar 13
3
10% Jan 19
26% Jan 13
106% Jan 19
No par
Ward Baking Co cl A
•9,900
"'9%.
1%
23
W. 18
18
27%
49%.
13%
*22%
*17%
27
49%
23%
22%
22%
*26%
18
27
24%
*24
24%
V
22%
8%
8%
:'4%;
preferred
Walworth Co—
1
Div redeem
700
17%
*9
9%
*1%
■
1,800
51%
17%
8%
8%
-
700
106
51
'
Jan
40
Waldorf System
700
26%
26%
106%
50%
17%
>,:
51
*26%
107
*105%
51%
*105%
51%
26%
26%'
26%
108%
50%
52
51%
Z:
26%
*105'%
27
110%
4105%
preferred
100
—-No par
Walgreen Co
No par
4% % preferred
100
Waiaer (Hiram) G & W
No par
Wabash RR 4%%
25%
Oct
105
Jan
27
104
Dec
149
Sep
94
Jan
12
100%
Oct
134
Sep
60
Mar 17
54
Jur
57'/a
Jur
Jan
46
87% Mar 14
70
Jan 12
3
44%
61% Mar 20
4,
78%
£an
Dec
58 y8
Jan
21%
Jan
31% Sep
~7% Jaii
17% July
<*
*
108
Api
70'/a
Sej
Y
28%
11 ,:
28%
27
16%
17
16%
16%
16%
16%
10%
16%
37%
37%
36%
37
36%
37%
36
36%
5,800
99%
99
99%
99
99
99%
99 %
130
16
15%
15%
3,900
No par
Youngstown Sheet & Tube—No par
5Vz% preferred series A
100
Youngstown Steel Door
+No par
38%
1.90C
Zenith Radio Corp
4%
28,300
99%
38%
4%
16
38%
,
♦Bid
4%
•
15%
16%
38
16%
16%
38%
4%
*38
4%
41/4
and asked prices;
no
10%
sales on this day.
tin receivership,
a
Deferred delivery,
n New
Stock.
r
Cash sale,
s
51/4 Mar 24
x-Ex-dividends.
y
Ex-rights.
Shares)
Bonds (Par Value)
(Number
of
Week Ended Mar. 24, 1944
$267,000
Government
679,000
19,000
1,000
663,000
15,000
12,000
13,922,500
10,858,300
Wednesday
258,090
968,000
29,000
18,000
Thursday-
280,175
936,000
13,000
352,000
19,000
9,851,300
199,255
772,000
5,000
$2,245,000
$91,000
$64,368,000
1,364,525
$4,285,000
$98,000
13,460,500
462,000
10,536,300
304,000
9,480,300
6,975,090
$62,032,000
—
Foreign
Railroad 81 industrial
Total
699,000
251,970
Friday
—
Total
1944
Jan. 1 to Mar. 24
1943
1943
1944
6,975,090
8,031,805
57,484,094
$37,000
$1,718,850
$667,150
2,245,000
3,918,000
25,340,000
99,976,000
871,447,200
$64,368,000
$103,931,600
$898,506,050
$992,769,450
listed
on
TotaL,
the daily closing averages of representative stocks
the New York Stock Exchange as compiled by Dow, Jones
are
10
30
Indus¬
Date—
trials
20
Railroads
10
Utilltiei
and bonds
& Co.:
—Bonds—
—.
Stocks
10
Total
Total
10
First
Second
10
65
Indus¬
Grad'
Grade
Utili¬
trials
Rail*
Rails
ties
77.27
110.44
100.15
100.03
Stocks
$4,402,000
Jan. 1 to Mar. 24
1944
1943
1,637,269
15,498,005
15,914,917
$5,422,000
$49,031,000
$52,012,000
19,000
Stock and Bond Averages
Below
778,000
•/;
98,000
Foreign corporate
v
;
1,000
$19,000
<
$4,285,000
L
Foreign government
961,305,800
953,000
240,000
15,000
1,495,000
214,000
2,467,000
93,000
$5,677,000
$50,740,000
$54,572,000
'
Bonds
Domestic——
30,796,500
62,032,000
1943
rv
1,364,525
of shares
73,266,634
$91,000
,
690,000
997,000
4,000
v
$4,402,000
Stocks—No.
Bonds
8.
$285,000
229,945
14,000
21,000
,V
Total
Corporate
■/./ $1,000
$17,000
Week Ended Mar. 24
JJ.
Foreign
Foreign
Government
Domeitlo
Tuesday
499,000
Week Ended Mar. 24
Stocks—No. of shares
37% July
4% May
Jan
14.071,400
361,000
13,551,400
1944
Jun
Jan
19%
'••':"2
Nov
16%
Saturday
$19,000
841,670
-
39% Mar 16
19
41% July
98
$5,832,000
9,832,500
$267,000
1,173,510
Total-.
3
3% Jan
Jan
Jan
Jan
9%
145,090
1,572,030
Wednesday
Thursday
82
33% Jan
Sales
' Bonds
Bonds
1,196,210
1
30
3
16% Mar 16
Stocks
Foreign
1,464,470
Monday——
Jan
Daily, Weekly and Yearly
$5,546,000
9,457,500
727,200
38% Mar 16
101% Feb
Jan
13
Total
Bond
: United States
Government
-
Bonds %
Shares
Week Ended Mar. 24,1944
96
8
Transactions at the New York Curb
Daily, Weekly and Yearly
Numberof
17% Mar
"
Transactions at the New York Stock Exchange
Railroad
andMisceU
31
wd When distributed.
Special sales,
SB
Stocks,
8
11% Jan
35% Mar
-No par
1
Zonite Products Corp—
30% Jan
Mar
14% Jan
Young Spring & Wire
2.800
% Mar
10
-25
—1
-
10%
16%
11
40
Bonds
March- 18
140.30
40.21
23.93
50.64
107.12
105.78
March
20
139.89
39.66
23.71
50.32
107.16
105.52
77.02
110.44
March
21
140.20
40.48
23,67
50.64
107.12
105.75
77.29
110.45
100.15
March
22™.
139.98
40.24
23.57
50.49
107.06
105.80
77.30
110.49
100.16
March
23
138.95
40.02
23.40
50.15
107.05
105.89
76.98
110.54
100.11
March
24
139.28
40.21
23.48
50.30
107.15
105.84
77.12
110.61
100.18
1264
THE COMMERCIAL &
i
-
New York Stock Exchange
Bond Record «»
FRIDAY
WEEKLY
-
YEARLY
-
;d
NOTICE—Prices
and defaulted bonds. Cash and deferred delivery sales are
weekly range are shown in a footnote in the week in ■ whichv they ... occur. No
^
.
•
■
^
,w
r»Arinrt»» indicate in each case the month when the bonds mature.
headed "Interest Period" Indicate in each case the month when the bonds mature.
"and" interest"—except for income
are
and when outside of the ,C6u».
ana wxieu uu.»u« nx »u. regular
the week
wee*,
'.
,
x,
in the column
The italic letters
or
tiovermnent
b.
l.
lSf6-1956
3 Vis—
Tresjiry 3 Vis
Treasury 3'/8S
Treasury 3 Vis
Treasury
Treasury
Treasury
J949-1952
2Vis
2Vis
2Vis
2Vis
2Vis
2Vis
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
•
1951-1954
1956-1959
2%s
2'/2s
Treasury 2 Vis
Treasury 2 Vis
Treasury 2Vis
Treasury 2V2S
Treasury 2Vis
Treasury 2 Vis
~——-*—*<.*-1962-1967
Treasury
2 Vis
1954-1956
Treasury
2 Vis
__1956-1959
1947
Treasury
1963-1968
June 1964-1969
Dec. 1964-1969
—1965-1970
1967-1972
1951-1953
1952-1955
Treasury
Treasury 2s
2s_
Treasury
2s_.
2s
2s
2s ,
2s
2s L
2s_.
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
-
-
—
Treasury 2s
lVis—
Treasury
1948-1950
1948-1950
1949-1951
1949-1951
1949-1951
1950-1952
1950-1952
1951-1953
Mar
»——Dec
Jun
Sep
Dec
March
Sept
Treasury 2s
*104.30 105
M-S
.112.5
Af-S
*103.6
I•
v
M-S
J-D
-1951-1955
:———1953-1955
June 15 1948
1944-1949
3s
series M
A-0
17
A-O
16 Vi
is y*
Af-N
17 Vi
18%
k
i
*103.21 103.22
J-D
100.10
100.4
100.2
100.6
100.6
M-S
•*-*- ."••
100.5
100.5
100.;, 100.5
6
100.5
100.17 100.17
*107.17 107.19
100.6
100.1
100.7
4Vis
100.9
100.17
Sinking fund 5ViS—
,
*104.7
102.2
*104.20 104.22
101.31
104.8
:
104.8
'>;■■••• U-
*101.15 101.17
■
y;!>I'/J:•■'••',.■ _«T__
*101.6
.'
M-S
100.31
v.
101.6
100.21
100.28
100.5
100.17
mm
11
5
100.13 100.15
100.13
■'
101.6
101.8
*100.29
:
Af-S
101.5
»•
*100.21 100.22
■
-J'"
J-D
LL
•
101.5
101.5
J-D
,i:'
105.19
*105.7
■■
s-a.
101.8
101.8
V
*101.12 101.14
M-S
J-D/'f
101.31
'•
.
rV/.;-'
*101.19 101.21
-
J-D
(Rep of) 8s ser A_1951
gold 5Vis
-1955
External gold 4Vis--***——1962
iADominican Rep Cust Ad 5Vis
1942
§ a 1st series 5Vis of 1926
1940
§A2d series sink fund 5Vis
1940
Customs Admin 5Vis 2d series—_1961
5Vis 1st series
1969
5Vis 2d series————
1969
AEstonla (Republic of) 7s—
1967
Finland (Republic) extl 6s
.-—1945
French Republic 7s stamped*-.-—1949 ■'
7s unstamped——
.———1949
Greek" Government—
~
,
'
A7s part paid—
*
—
-1964
A 6s part paid-*—19S8
Haiti "(Republic) s f 6s series a
1952
HelsingforsJClty) extl 6Vis
-I960
Irish Free State extl s I 5s—
;.SS0
External
104.9
*102
——1953
Sinking fund 8s series B
1952
IA Denmark 20-year extl 6s——1942
100.6
100.2
31
100.6
J-D
M-S
rl01.il
18%
100.28
•
:
—
16 Vi
18
16Vi
163/4
15 Vi
17%
20
20
20Vi
16
100.24
,
«State Mtge Bk) 7s
Unification Issue— '
108%
63
62
63%
44%
45%
'
64
25
A, ' '
—
•
64
3. 21.
6
26
66
57%
4-/
/
36
59 Vi
51
66
26
103%
104%
IOOV/4
107%
1
107%
106
103%
103%
96
*110%
'I
-^4
104%
I
149
147% 149
60
597i
60
60
60
79
77
80%
76
78%
6
74,.
1
149
43
77%
112%
139%
V
•
74
.
59%
803A
71%
~
61
69
2
,;/!
60%
59%
6
78%
'
67 Vi
74
86%
■"
90
'
*88
—-
•
90
90
*88
■
■
91
34%
/; 85
2
34%
■.—
84
92%
34%
34%
■•■■..'""2 >
•
99Vi
99%
101%
101%
993A
■
.
'
♦101
/".i./'/*
92
9
'
91
J-J
m-S
J-D
?V"'
v'n
-r-m
92
90
'
90
A-O
a-0
<
•
37
•
36
'V
-
*104Vi
V
IAL 'Vol
J
100
*—
,
19%
—
16
75%
'*65
99%
16%
20
J-D
'
.'
.12%
416%
89%
90%
11%
11%
10%
10%
*10
19%
*17%
Q-J
Q-J
21
21
*11%
—
62%
99%
-16%
93
.
*90%
M-N
■
98%*
99%
15%
81
62 %
__
A-0
J-D
20%
•19%
19 Vi
81
M-N
-
16%
20%
18%
81
•
a-0
a-0
17
*17
17.%
*14%
J-D
16
14%
14%
*11'A
'
Foreign Securities
Vh't
103 s/8 103 Vi
•
M-S
(Prov) 4s
—
:
61
•106%
37
34
63
••
45%
34
••
'
•
63 Vi
3934
r
*36
66
57%
68-
'II«Aw ••"'I'/'-.
*36
A-0
l'*57
6Vis
1954
readjusted—-i.1954
Mexican Irrigation—
A4V2S stamped assented———..1943
Assented to Nov. 5,1942, agreement
A Mexico I US) extl 5s of 1899 £
1943
A Assenting 5s of 1899 .*———1945
Assented to Nov. 5, 1942, agreement
AAssenting 4s Of 1904
1954
: Assented to Nov. 5,1942, agreement
AAssenting 4s of 1910-**—.^
~194ff
Assented to Nov. 5,1942, agreement
SATreasurv 6s of 1913 assent
1933
Assented to Nov. 5,1942, agreement
Mcndoza
*36
"
*.
63%
-571/4:
63%
63%
45%
A-0
■,
AMedellln, (Colombia)
110 Vi
1980
16 Vi
W
*18
.
100.16
Vi
17 Vi
Vi.
16Vi
„
100.28
*100.10
Af-N
18
;
Af-N
F-A
J-D
Af-N
M-N
Af-S
P-A
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J-J
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A-0
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A-0
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A
■'
/
•••
.
J-J
16
*17'.4
A-0
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wks
A Czechoslovakia
—
/1-.';".'/
//
debt————1977
external
A public
106.9
106.9
'
Af-S
J-D
18 >/4
17 Vi
18Vi
A-0
1949
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100
102.5
*102.4
J-D
100.2
17 Vi
16
J-J
<
_1947
1946
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Sinking fund 7s of 1926
2
•
100.6
:/:•/■/• Ji/,
18'/4
18 Vi
l7Vi
•
—
A-0
1961
1970
bonds
9
21
<
*106.27 106.28
J-J
f $
s
Sinking fund 7s of 19271947
Copenhagen (City) 5s————1952
25-year gold 4ViS-———1953
ACosta Rica (Rep of) 7s
1951
Cuba (Republic of) 5s of 1914
1949
100.17
100
:/
100.7
100.17
•'
100.4
100.14
'
100.6
Af-S
J-D
:
17Vi
II
J-D
A
••i/i.!L_A
*100.20 100.22
100.5
A
■
external
AColombla
■
Jan
1927
of
A6s
-!—-
104.5
*104.3
Af-S
J-D
19
17
18 Vi
M-S
(Hukuang Ry) 5s
-1901
Colombia (Republic of)—
a 6s of 1928—
!——-—Oct 1961
106,16 106.18
••
-
,
a Chinese
103.9
*107.17 107.19
M-S
7s assented
a
3s
107.2
*100.8
16%
18 Vi
—
M-S
—1962
1960
—I960
A6s assented——!
112.6
103.9
l\
.
1962
AGuaranteed sink fund 6s__
A Chilean Cons Munic 7s-
'4--P
;
111.12
103.9
:
J-D
*19
—
J-D
-
assented-——-—
A Jugoslavia
Corporate Stock
3%
1961
—.1961
a 6s
.New York' City
Transit
J-D
A6Vis assented-
111.11
/ H1.9
1944-1952
—1945-1947
—
109.3
109.3-
•
:
Owners' Loan Corp—
3s series A
1 Vis
fund; 6%s--——*—,.—1961
.—1961
A Sinking
:
106.24
Home
:
J-D
*106.20 106.22
-■
Corp—
Federal Farm Mortgage
J-D
1957
103.11
*111.25 111.27
M-S
1957
112.5
*111.19 111.21
J-D
Bank 6Vis
A6 Vis assented
AGuaranteed sink fund 6s
103.11
'••'K
High
Af-N
•:
;■
106.24
*111.19 111.21
••'.■•.I;w-■'/•.fVA' *107
Low
Af-N
1963
111.10
103.8
M-S
103.9
January 1
—1963
100.19
111.20
2
112.5.
'*109.15'109.17-
J-D
Range since
Sold
NO.
High
:
A
105.18
111.6
*106.25 106.27
M-S
1952-1954
>/
4-.M.
*111.12 111.14
J-D
—1956-1958
JT".; '
//:,
J-D
M-S
^49-1953
;;
105.18
100.19
105.8
*110.20 110.22
J-D
J-D
1945
1948
2Vis
2Vis
2%s
Treasury
*105.6
Bid & Asked
—
J-D
—Jnon'Joci
1960-1965
2%s
Treasury 2%s
Treasury 2 Vis
Treasury
*100.4
A-0
■
Bonds
Friday's
or
;
,
6s assented
100.25
M-S
1948-1951
Treasury
Treasury
106.9
100.11
J-D
3s——-——^—-—-19^6-1948
3s
1951-1953
2%s—^—^—**1955-1960
Treasury
105.27
*
——
.
transactions of
„„„
Low
(Rep) (Continued?—^External sinking iund 6s
102.29
105.27105.27 A. .v,v-
only
the
are
Week1
Last
Sale Price
Chile
111.23
102.28
Af-S
they
AChile Mortgage
111.14
*102.20 102.22
J-D
Treasury 4s
unless
range,
Interest
Period
Week Ended March 24
*111.15 111.17
A-0
1947-1932
Treasury 4 Vis
week's
New Tork Stock Exchange
High
Low
the
In
disregarded in the week's range, unless they
account is taken of^ such sales in computing «■' range for the year.
°"wu"«' 10 teken °f 8Uch 8ale8 ^ oommitina the
'
:-::v
bonds
!/
Range since
January 1
No.
High
Low
'1
V'
,
Bonds
Sold
Friday's
Sale Price Bid & Asked
Last
Period
Week Ended March
Week's Range
Friday
;tv
Interest
Exchange
24
New York Stock
.
^
,
BONDS
Monday, March 27, 1944
FINANCIAL CHRONICLE
llVi
11%
11%
93A
11%
17
14%
15%
13 Vi
13
15%
*13
18%
18Vi
*16
16%
16%
89
89
11%.
10%
—
*14Vi
J-J
13
J-J
—
(State)—
ASec external s f 6ViS——1958
17
Mlnas Geraes
Wertheim & Co.
120
REctor 2-2300
Foreign
Agricultural
Govt.
Akershus
1947
—1948
1968
6s
fund
4s
(King of Norway)
1945
1945
AExternal s f 7s series D
1945
AExternal s f 7s 1st series
1957
AExternal sec s f 7s 2d series—1957
AExternal sec s f 7s 3rd series—1957
A Antwerp
(City) external 5s
1958
Argentine (National Government)—
S f external 4Vis
1948
S f conv loan 4Vis
.—1971
8 f extl <onv loan 4s Feb
1972
8 f extl conv loan 4s Apr
.—1972
Australia (Commonw'lth) 5s of '25-1555
External 5s of 1927
1957
External g 4Vis of 1928
1956
Belgium external 6Vis
1949
AExternal
s
s
s
f 6s
External
s
—
19
•'
—
30-year
2 Vis
f $ bonds
s
99 3A 100
92%
(City)
A 6s
94%
86%
84%
84 Vi
84%
84 Vi
843/i
84%
36
82%
86
94 3i
93%
943/4
54
92
94V4
94
A>
94
94%
31
90
-.v
88V4
20
:
•
92
88
90 Vi
108
100%
100%
101
*101
101
102%
50
59%
*100
113
60
58%
100
57%
58%
95%
95%
95%
2
100
100
58 Vi
92
2
95'/a
56 V4
49 y8
95Vi
*95
—
100
1948
15
1958
—1954
'•••V.'
1960
1900
Feb
—
54%
A.**
.
102V4 103
*102% 102%
'
28
20
r
103%
102%
103%
104
101%
s
f 6s
A.-
"
11
18%
19%
18 Vi
18%
13
18%
1
17%
18Vi
*18
233i
Sep
1961
footnotes
1902
see
page
1268.
18%
~*—
*18
,
18%
18%
167/8
90
95
83
85
"39
II
I'"
/"'I
II.
87
91 a;
1053/8
40
31%
36 Vi
20%
*104% 106
'
: 36%
35%
17%
18 Vi
58
16%
17%
17%
18%
61
16%
17%
17%
18
10
17
36%
17%
17%
'W
fai%
2
17%
83%
36
.
48
33 Vi
34%
/ 413/4
42 %
:
,
19%
31
'
167/8
14
30
V
18%
18%
7
16 Vi
20
19
18%
171/4
19
.19
t.
19/4
50%
103
39%
.,
139
34V4
42%
33%
34
45
29
37
"-i
37%
■£■ 22
34
*36%
38%
—4."
34
37%
83%
83%
45
81%
83%
For Financial Institutions
>1/
SECURITIES
CARL MABKS I P.O. MC.
•
FOREIGN SECURITIES SPECIALISTS
50 Broad Si., New York 4, N. Y.
Telephone IIAnover 2-0050
39%
37%
100%
19
—•'
17%
//
34
r 35
113
I
17%
24%
".•.•50%
7
393/8
,fV
34%
42
14
12
'
38%
V
Af-S
36
1003/4 101%
39Vi
1964
78
37%
*43 Vi
:a-—
A-0
J-D
M-N
J-D
39%
37%
101%
F-a
■•/■I 10
24%..
50
17% //'
38 Vi
;
37 Va
17%
23
16 Vi
,
17%
39
"I-12%
17
17%
«,
17%
Zh"?'
*24
24%
20
20
*17Vi
1948
1968
1966
.1967
FOREIGN
90
88 Vi
105%
19
90V4
19%
17 %
18
1981
... -
*85
I-' I.
——
19%
17
1961
A 6s assented
19
16 34
4
1961
-1982
19%
11
19%
Sep
sinking fund 6s
A8s extl loan
97
94
28
18 Vi
Jan
assented
Sul (State of)—
of 1921
a 6s external sink fund gold
A 7s external loan of 1926
A 7s
municipal loan
Santa Fe external sink fund 4s
*87
.
Rio Grande do
•
96
3
94%
FIRM TRADING MARKETS
18
18
19
19%
Jan
assented
sinking fund 6s
6Vis
; A-0
98Vi
11
97
943/8
104Vi
—
18%
18%
1961
sec
96%
94%
103 %
18%
19%
AExtl
Af-N
F-A
1952
1947
.1946
1953
97
96%
6
98 Vi
102 y8
20
*18
105Vi
101%
101%
:
28
1966
APrague (City of Greater) 7Vis
Queensland (State) extl 6s
ARIo de Janeiro (City of) 8s_
96
100
•
98
97
93
110
9
1043/4,1043/4
1961
Alegre (City of) 8s
AExternal loan 7Vas
"Ail'
98%
;•
100
-
..
80
80%
••'-547/8
12
*103% 104%
■V— w''
104%
5
102 V4 103%
103
50
108 Vi
3
1053/4 105V4
103
■
73%
6
79%
*52%
4 Vi s assented
A-0
A-0
A-0
J-J
J-J
J-D
J-J
1958
1947
,_1968
1950
._1963
3fil
80
73%
—
1961
Feb
78 Vi
*100
,
93%'
96
96
A-0
1940
11.!"7". ■; !
81%
72%
8
109% 109%
1942
fuiyi 6s
75V4
79
-A*—
A
J-D
A-0
96%
95
72
27
76
75
*75%
1942
.
75
,
1953
15
95
*95
75 Vi
1994
to_
A Porto
567/8
47%
92
'
95 Vi
—
47%
,
ext
fAPoland (Rep of) gold 6s
A4Mss assented
A Stabilization loan s f 7s
A4Vis assented
AExternal sink fund gold 8s
947/s
•100% 102
'•
3 Vis
1967
A Pernambuco (State of) 7s
—1947
APeru (Rep of) external 7s_
1959
ANat loan extl s f 6s 1st ser
1960
ANat Loan ext) s f 6s 2d ser
.1961
101
56%
assented
AExternal
Pnr
92
82%
56%
sinking fund 6s
ARv external
A6s
30
56
15
External s f 7s
Ms assented
AExtl
100%
31
1960
8s
AExternal sinking
A 6s assented
6s
981/2
•
93 Vi
92%
55%
Jan
A
3
56%
Jan
AExtl
.1-3
56%
1961
-1967
1968
3s
(Rep)
56'%
59
103
1984
.
30-yr 4s
3s
AChile
18%
59Vi
59 %
Jan
A Carlsbad
16%
'
1973
f 4%-4 Vis
3 Vis
3s
3s
25-year
16%
18%
1961
(Dora of)
30-year
18%
mod
Ext sec ref 3Vis series B
18%
58%
'City)
Stamp
19
J-D
A-O
Af-N
Af-N
J-D
Af-S
Af-S
M-S
sink fund 4V2s
1955
A Panama (Rep) extl s f 5s ser A_1963
a Stamped assented 5s
1963
Oslo
19%
16%
x
(Province of)—
external
Canada
19
*17V4
•—
1978
1976
s
18%
59
1977
3%
19%
17
19%
58
Refunding s f 4%-4%s
External readj 4%-43/8S
External
*173/4
58%
f 4Vi-4%s—
s
1970
19%
*173/4
-
•
1
19
18%
-j'T';;
:
1952
1957
1958
1950
A 6s stamped
External
4Vis
1965
——1963
17
19%
*17V4
1957
Sinking fund gold 5s
Sinking fund gold 6s
Buenos Aires
'/:
1951
Brisbane
>
fund
4s sink fund extl loan—
17
19
1941
f 6Vis of 1927
(Central Ry)
(City) s f 5s„
A 7s
sink
External
54Vi
93
*93%
__
Af-S
a-0
F-A
54V2
17
■
1955
JABrazil (U 8 of) external 8s
AExternal s f 6Vis of 1926
S
54%
*18
1955
f 7s
AExternal
1956
5Qi/a
1
*63
f 7s series C
External
4Vis
35%
100
*88
F-A
fund
53
__
54%
/
•'
f 7s series B
AExternal
*—1—
/:'
1945
(Dept) coll 7s A
AAntioquia
1944
sink
external 6s——
Municipal Bank extl s f 5s
*54
35%
*90
F-A
A-0
External
Norway
(Colombia)—
iund 6s
AGtd sink
1-1693
NY
New York
Broadway,
(City)
-
Municipal
&
Bank
Mtge
AGtd sink
Teletype
Members New York Stock Exchange
Telephone
Af-S
M-S
J-D
M-N
6Vis——1959
7s
1952
A 6s series A_
1959
New South Wales (State)—
External s f 5s
——1957
External fl f 5s—
—1958
ASec external s f
AMontevideo
35%
35%
Teletype N. Y. 1-971
34%
1
37%
fc
THE COMMERCIAL &
Number 4267
Volume 159
NEW
BONDS
Interest
Period
Exchange
Stock
New York
"Week Ended March
24
1952
1957
..1938
Paulo
(City of Brazil) 8s
A6%s extl secured s f
Paulo
|ASan
or
extl
loan
extl water
A 6s
1968
f
s
A8s
secured
external
series B sec extl
1962
A Silesia
A4
(Prov
Va s assented
:
,
External
external 7s
(City)
A4% a assented
35%
12
56%
61
60%
15%
43
11%
15%
14%
15%
48
12
15%
14%
14%
11
*12%
14%
10
*94%
98
91
95
91
91
89
89
*88
•
PFLUGFELDER, BAMPT0N & RUST
Members
61
14 l/2
13
,
V
:
*87
-
71
64
50
66
71
66%
70%
-X
59
60%
10
14
;64
f-a
J-j
F-a
F-A
'
1 1
,
•
■
14
14
12
13%
1947
10-year deb 4%s stamped
1946
Great
Alabama
Power
1st
M-N
3'As
1972
1948
6%s__„1946
j-d
f-a
108%
Carriers & Gen
1950
Am & Forei gn Pow deb 5s
Amer I G Chem conv 5 Vis
1981
1955
Tobacco
Amer
Am
Co
deb
1st gold 4s
ARef & gen
A-0
rJ*
67
76
F-A
M-S
3s
105
105
•
1
104%
105%
30
104%
107%
•
104% 104%
92
86%
Central
Illinois
103
104%
$ A Cent
New
1
100%
100'A
42
106 %
107%
185
92
107
J-J
107
A-0
J-D
108% 109'%
J-J
A-0
,
5s
7
,
109%
108
109'A
Central
115%
117%
Central Pacific
13'
103%
104%
26
107
110
109'%
108% 109%
31
117'A
117% 117%
195
103%
103% 104
109% 110
109'A
*__
86
'■
65
86
v
_
85%
48
49
12%
13%
Y
N
76'A
4
Central
86
Certain-teed
•
RR
&
J-J
1995
Stamped 4s
—-—i—.
1995
Conv gold 4s of 1909
——1955
.
Kj
....
..
1905———-———1955
a-0
88
87%
88%
78%
78%
78%
9
*105%
j-j
*120
...
Illinois division 3'As
3'As
4s
4$
registered
■101A
*100%
101A
101
101%
105%
90%
98%
83%
69
83%
Chicago & Erie 1st gold 5s
98%
89%
98%
Chicago Gt West 1st 4s series A
43
37
43
36 %
33%
36%
1st
ref
&
5s
series
—
M-S
J-D
97%
97
97%
82%
83%
M-N
J-J
J-J
M-S
98%
96%
42
41%
36
35%
j-j
102%
121%
1221/4
•V 120
102%
102
i—
f-a
91%
:.:/f-a.;/
98%
61
;
62%
--
98
136
/
104%
'A."';-
92%
97%
98%
61%'
100%
103
60
91
102%
100%
•
37
102% 103%
"■
.30%
102
103
103
120
21%
16
104%
104 V*
104%
m-s
1971
A
107%
108
"***
1.462
30%
29%
*100%
j-j
1958
;
104 %
*100%
J-J
29%
1977
2...
1st & ref 4%s series B
135%
106%
106%
122
1949
General 4s
132%
15
'
A-0
1949
....
78%
/ 101%
25
•
107% 108
1949
Division
15
135%
100
',•••
1949
registered
88%
77%
10
106% 107%
107% i
100'/a
74
*122% 122%
j-j
96%
3
100
R & A Div 1st cons gold 4s.
..1989
2d consol gold 4s
1989
tACl.icago & Alton RR ref 3s
1949
Chicago Burlington & Quincy RR—-
X
=
100
j-j
112%
110%
;<■
102 'A
199
m-n
1946
impt mtge 3'As D
impt M 3'As series E
Illinois
112
108 '/4
100
f-a
135
110%'
•
30%
107'/a
i960
135%
110'A
112
101%
35%
26%
1954
f-a
*102
J-J
J-D
J-J
27%
m-n
Potts Creek Br 1st 4s
1091/2
152
35%
m-s
110%
110
35%
•
1996
110'/a
110
37%
33%
34%
1996
Ref &
J-D
gold 4s of 1910——.—I960
Trans-Con Short I» 1st 4s—
1958
Ati Knox & Nor 1st gold 5s—-—-1948
Atl & Charl A L 1st 4%s A
1944
1st 30-year 5s series B
1944
1st mortgage 3%s
-19H
Atlantic Coast 1st cons 4s
July 1952
General unified 4%s A
1964
L & N Coll. gold 4s
—Oct 1952
Atlantic & Danville Ry 1st 4s.
1948
Conv
29%
1992
Ref &
110
642
Chesapeake & Ohio Ry—
General gold 4'As:
114
—
37%
100% 101
112%
*110%
39%
35%
100%
68
108%
92
30
m-s
113% 114
106%
83%
635
1948
113%
107% 108
24
39%
5'As A
102%
109
91%
37
37%
Banking 5s stmp___1942
Prod
112
91
38%
81
106'/a
*107
111%
i
111% 111%
111%
j-j
1987
'}'
16%
-
a-o
1961
.
Adjustment gold 4s
30%
*.p.
.
101% 102%
106%
109
26%
xx1*''/,:
29%
*27
j-j
f-a
105%
121%
56
1st ref gtd gold 4S.1949
102%
106'A
16%
53
2
105
118%
12%
107% 107%
16
-121% 121%
173
a" 0
23
A*0
Nov
M-N'>
J-D
J-D
50 %
12'A
1962
105% 105%
Santa Fe—
37%
44
54
4s
3%s
105% 106%
—
91%
130
53
1987
105%
—
67
80%
,
54
Through Short L 1st gtd 4s
Guaranteed gold 5s
69%
53
3
j-d
48%
r,
1987
Power
65%
45
13%
i960
1st gtd
106
*103%
67
107%
106
101% 103%
12%
registered
65
_
'
■
4s
'
1
83
110%
107
C:2
103% 103%
.111
52
104
2
'
14
67
1987
107%
/
65%
12%
4s
48
107
,
64%
104% 104%
104%
98
A-O
registered
AGeneral
107
f
104%
100%
a-0
Light 3%s
Eng
105%
109%
-I
.m-n
tACentral of N J gen gold 5s
91%
95%
101%
—
f-a
,
13
Jan
Q-J
M-S
F-A
34
iio%.no%
j-d
AChatt Div pur money gold 4s__1951
AMobile Div 1st gold 5s
1946
100% 100%
M-S
A-O
M-N
103% 104
*110% 112
1959
103'/a 104%
92
84%
100%
7
14
;
117%
104
108
1
1945
—-
—1978
(May 1)
'
76'/«
'
95 %
..1959
5%s series B
M-N
,
94%
1945
ARef & gen 5s series C
M-S
111%
1948
:/ § A Consol gold 5s
99%
:
110%
,>
,
Nov
87
General 4s—,—1995-
Conv 4s of
P
253
1956
1902
income debenture?
Called bonds
100%
U
of Georgia Ry—
mtge 5s
918
Anglo-Chilean Nitrate deb
1967
Ann Arbor 1st gold 4s—
1995
Ark & Memphis Ry Bdge & Term 5s 1964
Armour & Co (Del) 4s B
1955
1st sink fund 4s series C (Del).1957
Atcmson Topeka &
Branch
A 1st
.
99%
A
7s
102'A
100'A
Wks & Elec 6s series A—1975
Wat
A Cent
tCentral
99
98
debentures
conv
101
288
102%
.
99
—
3s
100%
101
102
99
.-1949
25
k, J-J
4s
Corp 3%s debs
Celotex Corp 3%s debs.
102
101
'
Corp 5s w w
1st gtd gold
Celanese
99%
—2030
112%
110% 110%
104% 105
J-J
Cart & Adir
4-0
A-0
(April)—————
Am Internal Corp conv 5'As..
1949
American Telephone & Telegraph Co.—
3'As debentures
—1961
3'As debentures—
———-1966
111%
100% 100},l)
f-a
1962
98%
100
89%
91
Called bonds
•
115%
m-n
89%
1951
1952
4s
12
22
m-s
•"
107'/a
Clinch & Ohio 4s
1998
Alleghany & West 1st gtd 4s
Allied Stores Corp 4%s debs
Mfg conv
i960
v97%
*93
A-O
'
J-D
-
118%
116% 116%
116%
j-j
3%8 registered———.——1946
Allis-Chalmers
4%s
'
•
m-s
102
modified————.—
—1949
5s modified—
———1950
A 5s income
—1950
117
951/4
1965.
102
5s
117%
15
118% 118% :•
J-J
tjacarolina Central 1st gtd 4s.._-iy4»
A-O
.
117%
116
; j-j
Northern Ry deb
Carolina
1946
Alleghany Corp—
116
4
j-j
104%
93
Albany & Susquehanna RR 3%s
32
110%
1955
104%
A-O
107
t,oio
26
'
4'/2s
4'As.
trust
High
118%
105%
105% 106
f-a
Collateral
116%
112% 112%
a-0
1951
102%
January 1
»
117% 117%
1956
gold
gold
Range since
Sold
flio.
r, 117% 117%
j-j
103%
93
assented
warrants
105%
j-d
103%
_
A-O
with
;;
1969
Oct
*107% 108%
•.
1948
6s
5s
*
*104%
J-J
mtge
Albany Perfor Wrap Pap 6s
j-j
Bonds
Hion
117% 117%
1970
__
104
104
F-A
1967 x;
j-j
Can.Pac Ry 4% deb stk perpetual.....
5S equipment trust ctfs._
1944
Coll trust gold 5s
1954
74%
100%
*101
J-D
.
3%s
Southern
gold
1957
Guaranteed
104%.;
104%
Friday's
or
Sale Price Bid & Asked
Period
Guaranteed gold 5s
Guaranteed gold 4%s
109
70
71%
71%
104% 104'A
M-S
Week's Range
Last
Interest
7
;.July 1969
gold 5s
Guaranteed
13%
10
109
J-D
J-D
1948
Bell Teletype—NY 1-310
Friday
Exchange
gold 4%s__
Guaranteed
Guaranteed
§ A 5s series A plain—-——.—1953
AStamped
1953
Alabama
Stock
Canadian National
.
.
.
Adams Express coll tr gold 4s
Coll trust 4s of 1907
1
Low
Canadian
*
,
Exchange
71%
60
.;*56
J-D
:x
65%
71%
70%
Railroad and Industrial Companies
JAbitibi Power & Paper—
7/
BUNDS
New York
,
*61%
M-N
Stock
New York 6
Telephone—DIgby 4-4933
-X;. .;
,
*69%
r
M-N
York
New
Broadway
—
*86 ■'
M-U
M-JR
1978
—1984
1958
1958
3'As extl readjustment
30
*§*
39
10
14%
1978
4-4%-4%s extl readjustment
Donate
RED CROSS WAR DRIVE
33
.M-N
M-N
J-D
J-D
1979
extl conv.
before
ever
44
44
than
.
Week Ended March 24
conversion
3%-4%-4-ft
A Warsaw
..
■
,
34%
39
61
1979
readjustment—
30
38%
35%
($ bonds of 1937)—
External
3
22
38%
...—.1964
nink fund 6s
A External
3%s-4-4Va8
-
7.
/
35%
1960
External sink fund 6s__
16
44
40
35%
38%
xF-A
F-A
;.1955
1946
Sydney (City) sf 5%s
AUruguay (Republic) extl 8s
A
.
—1958
1958
extl 7s
of)
34'A
44
43%
It is necessary to give more
January 1
Low
High
A-0
(Kingdom) ~......1962
A 7s
34%
43%
.
8
39%
Range since
J-J
-
1940
7s
Seros Croats & Slovenes
Sold
No
Hiah
M-S
1956
,
dollar loan
8 A Secured
J-J
Bonds
Friday's
38%
M-N
M-N
J-J
1950'
;
A 7s
r
8s
(State)
external
A8s
YORK BOND RECORD
Week's Range
Friday
Last
Sale Price Bid & Asked
Low
A Sao
FINANCIAL CHRONICLE
vi
103%
84%
94%
93
92%
99%
246
48%
63%
125%
126%
,
Chicago & Eastern 111 RR—
A Gen
mtge
lnc
—1997
1982
(conv)
j-j
m-n
■
*126%
;
I' ;'
:
mortgage
105
105% 105%
105%
j-j
86
85%
87
59
76%
87
j-j
55
55
55%
37
47
60%
Louisville Ry—
ARefunding 6s ser A...
—1947
ARefunding gold 5s series B—.1947
j-j
69
69%
4
50
71
65%
67
75
47%
67
ARefunding 4s series
—1248
1953
4s_
Atlantic Refining deb 3s
Second
1988
...2038
j-j
61
61
63
46
45
63
m-n
12%
12%
13
83
10 Vb
J-J
13%
13%
13%
7
10 %
14%
46
87
96%
AGen inc mtge 4%s.__
JChicago
105%
A
July 1948
mtge gold 4s
1st
1946)
1
AGen
to
July 1948
due
gen
J-D
J-D
Bangor
Con
4s
,
1
1947)
Beth Steel 3%s conv
Consol
•
1956
—1952
1959
1960
1965
mtge 3%s
debs
series F
G
Consol mtge 3'As series H
Big Sandy 1st mtge 4s
Boston & Maine 1st 5s A C
1st M 5s series II——
1st gold 4%s series JJ
1st mtge 4s series RR
-
Consol
mtge 3s series
JBurlington Cedar Rap & Nor—
§ A 1st & COll 5S
A Certificates
of deposit—
Consolidated
:>■.
1934
—1952
5s
Bldgs 5s gtd
1955
1960
39%
94%
j-j
81
80%
75%
75%
76
j-j
84 '/4
83%
Term
4%s
76%
78%
79
65%
63%
74
§56
82'A
41
74
82'A
81
83%
50
73%
83'A
49%
*99%
99 %
128
129%
100%
100%
100% 100%
J-D
49%
98%
*50
128% 129
100% 100%
A-0
100
101
106
u
105% 105%
*105% 105%
105%
105%
102% 102%
105%
J-J
F-A
104%
101%
103
104% 105%
A-0
''
104%
♦
J-D
103
;
1968
California-Oregon Power 4s—
.1966
Canada Southern cons gtd 5s A—1962
Fr>r
Elec
Power
footnotes
see
3%s—
page
1268.
89%
84%
97
76%
86 Va
86
64
77%
87%
58%
57%
59%
1.708
45%
59%
a-0
16%
16%
17%
3.309
11%
17%
m-n
75
.74%
75%
47
1975
f-a
Jan 1 2000
5s
:
;
m-n
m-n
Fed inc tax...—1987
A4'As stamped
1987
§ A Secured 6%s
1936
A 1st & ref gold 5s
May 1 2037
A 1st & ref 4%s stpd
;.May 1 2037
A 1st & ref 4'As C-;
May 1 2037
m-n
106
registered
~1
78%
78%
22
67%
79
78%
79%
59
67%
80
67%
77%
m-n
79%
77 %
77%
5
m-n
95
95
95%
32
81
96
j-d
59%
59 %
60%
20
50
61%
j-d
59
59
60
49%
61
j-d
59
'59
m-n
15%
m-n
.
•;
j
;
..1940
80
749
68%
73%
73 %
73%
—
102
96%
M-N
96%
*103%
>
92%; 96%
101
103
f-a
1927
68%
1
13
73%
81
61%
J-J
87%
87
87%
83%
89%
M-N
60 '7
59%
60%
52%
62'%
71%
73%
68
;, 54
F-A
41%
58
*
M-N
109
109
58
108%
109%
109%
*102%
F-A
M-N
103%
103% 103%
103
104
m-n
109%
108% 109%
108
109%
101%
100'/a 101%
.J-D
,
m-n
94%
101%
104
106'/a
104
107
112
104
F-A
112%
111%
112%
109
109
*109%
J-D
3%s__
72%
43%'
42%
44%
1.170
36%
45%
m-s
49
48
49'a
414
39%
51%
m-n
10%
230
Chicago
1st
1st
Union
m-n
54%
53%
56
240
44%
56
a-o
27%
27
28
160
21%
29
26%
27
39
*92 y4
93
26'A
a-o
a-o
24
88
X'
81%
89
28
10%
1951
j-d
*71
;
1951
j-d
*76 %
1st 5s
I960
j-d
Dec 11960
deb 5s
21
28
92
69
82
86
89
1st
A-O
A-0
A-0
mtge 3'As
Cin Union Term
J-J
105%
M-S
105
-
1943
1957
3'As
J-J
A-0
A-O
__1952
m-n
..1966
F-A
103
103 %
J-D
1977
J-J
*109% 109%
99
99
99%
Wab & M Div 1st
St L Div
95%
100
Cleveland
1st
102'/a
104%
14
104
106
20
104%
105%
88
55
73%
111
53
72
73%
68
73%
72
67%
72
68%
109
1
108%
109%
111
109%
110%
112%
112 y4
*111%
4s
coll tr gold 4s__
Elec Ilium 3s
..1991
1990
1970
--
94%*'. 95
*91
88%
59
100
95
100
—
-
68%
70
59%
110
68'a
109
10
*110%
1993
Cin
11
105%
105
*112 'A
1993
74
105'% 105%
F-A
gold 4s
109%
r
m-n
5s series B
103%
77
59
no
J-D
J-D
109
59%
109
1969
mtge gtd 3%s series E
Cleve Cin Chic & St Louis Ry—
101.%
74%
74%
38
:
1967
1st gtd 3%s D...1971
1st
General
103%
84%
103% 104 %
J-J
1952
5s
Gas & Elec
Cincinnati
r
76%
72%
109% 109%
1963
1963
^—.1962
*
64%
84%
Station—
ref 4'As series D
95
89
79
72%
*__
mtge 3%s series F—
A Debenture
M-S
11%
90%
84
84
of deposit
mtge 3%s series E
h
8%
94%
t A Choctaw Ok & Gulf cons 5s
89%
80
10%
Chic & West Indiana com 4s
1st
:
'
*93%
guaranteed 5s
A Certificates
"a-'o
j-d
Memphis Div 1st gold 4s
Income
;
1951
....
Chic T H & Southeastern
$AChilds Co
j-j
..1934
1952
1960
AConv gold 4'As
Chicago St L & New Orleans 5s
Gold
75
73%
488
j-j
-1988
—
4 Certificates of deposit
SARefunding gold 4s
}ASecured 4'As series A
*92 /.
A-O
17%
65%'
■
M-S
60%
103%
stpd
5s
_
JChicago Rock Island & Pacific Ry—
4s
11%
673
102%
102
,49%'
39
16%
15%
67%
1st
;-v 57;
;
60
67%
Railways
nniri
77
76%
j-j
part
76
65%
76
mtge conv income 4'As w i__1999
75%
78
65%
76
102%
t{^Chicago
75%
77
j-j
gen
76%
;.
65%
76v4
mtge 4s ser A w i—1989
1st &
2nd
64
120
76%
m-n
p
n
4%s series A
AConv
AGeneral
V
64
m-n
1987
AGen 5s stpd
81%
128%
"78 //
85
84%
86
x
..1987
Fed inc tax
1987
AGen 4%s stpd Fed inc tax_.„1987
83%
A-0
83%
69'/a
76%
144
83%
j-j
j-j
4s
AStpd 4s
82%
A-O
May 11989
gold 3%s.......1987
registered,
1987
4s
74%
J-D
74%
260
'
F
adjustment
3'As
M.
66
74
series
Ref & impt 4'As series E
California
14%
,21
84%
General
Bush
;;
82 y8
j-j
1,622
J-J
:
gold 5s
1950
1st lien & ref 5s series B
——1957
Buffalo Gen Elec 4%s B___—.-—-1981
Buffalo Niag Elec 3%s series C—1967
Buffalo Rochester & Pgh Ry—
:
Stamped
modified (interest at
3% to 1946) due
1957
A
AGeneral
J-J
—-
Debenture
35%
J-J
1967
1955
1st 4s
94%
94%
May 11989
AConv
389
51
J-J
1944
1961
-I960
AInc mtge 4%s ser A—July 1970
fABoston & N Y Air L 1st 4s
1955
Bklyn Edison cons M 3%s
1966
Bklyn Union El 1st gold 5s_—1950
Bklyn Union Gas 1st cons gold 5s_1945
1st lien & ref 6s series A——1947
Bush Terminal
j-j
^Chicago & North Western Ry—
'
Sturgis 1st gtd 3s—19R9
Beech Creek Extension 1st 3'As.—1951
Bell Telephone of Pa 5s series C_—,1900
Beneficial Indus Loan 2'As
1950
debentures
series
IChic MJlw St Paul & Pac RR—
AMtge gold 5s series A
292
47%
M-N
Battle Creek &
2%s
4s
AGeneral
l9oi
;
/
280
54%
F-A
1951
stamped
579
51'A
m-8
& Aroostook RR—
ref 4s
47%
49%
m-s
1950
1959
due
Toledo Cin Div ref 4s A
Jan
1956
,
gold 3%s series B._May 11989
4'As series C
May 11989
AGen 4%s series E._
..May 11989
AGen
Ref & gen ser D
to
V
May 1966
AGen
due
1995
(int at 1% to
Sep 1 1946) due
2000
Ref & gen ser F (int at 1% to
Sep J. 1946) due
1996
AConv due
—Feb 11960v
pgh L E & W Va System—
Ref gold 4s extended to—1951
S'west Div 1st M (int at 3%%
to
1966
6s series B
AGen
A-0
(int at 1'/b%
ser C
Dec 1 1946)
&
5s series A
gen
& gen
J>J
1947
^Chicago Milwaukee & St Paul—
Ref & gen set A (int at 1% to
Dec 1 ,1946) due—.—1995
Ref
&
&
Chicago Ind & Sou 50-year
Stamped modified bonds—
1st mtge gold
(int at 4%
Oct
1st
A 1st
Baltimore & Ohio rr—
Ind
70
399
57%
71%
J-J
64
65%
22
53%
67%
M-N
90
90%
15
82
90%
107'%
12
J-J
107
106 y*
107'A
THE COMMERCIAL &
1266
Monday, March 27, 1944
FINANCIAL CHRONICLE
NEW YORK BOND RECORD
Interest
Stock Exchange
Period
Ended March 21
Week
bonds
Week's Range
Last
or Friday's
Sale Price Bid & Asked
Friday
BONDS
New York
January 1
Sold
No.
Hiah
Low
New
Range since
Bonds
York
■
RR—
& Pittsburgh
1948
1950
1977
Gen & ref 4'/2s series B
1981
Cleve Short Line 1st gtd 4%s..—-1961
Cleve Union Term gtd 5%s
1972
1st s f 5s series B gtd
1973
1st s f 4Vis series C
1977
Coal River Ry 1st gtd 4s
—1945
M-N
*107
F-A
F-A
a-0
*106'/a
—
J-J
*106Vi
—
inc mtge
1970
Colorado & Southern Ry.—
4Vis (stamped modified)
1980
Columbia G & E deb 5s
May 1952
A-0
Bonds
Friday's
63%
■
30%
High
Loin
64%
78
55%
65%
31%
204
27%
32%
18
101%
103
100
63 %
30%
v
Range since
January 1
Sold
No.
High
Low
VyY/
1
Feb 1957
AAdJ income 5s
107
or
Sale Price Bid & Asked
Period
100%
*108
F- A
;i07
Last
Interest
Hudson & Manhattan 1st 5s A....1957
Cleveland
Week's Range
Friday
•■
Exchange
;u.i'VLV4?.iiv':--.V!
Low k Hiah
■
Stock
Week Ended March 24
>
Series
C
Series
D
gtd
gtd-
3%s
3%s
General 4'/2s series A
Columbus &
&
Columbus
91%
A-0
85%
Conn
debentures
3Vis
deb 4s
{AConsol Ry non-conv
?•'. A Debenture
Debenture
1st mtge
receipts
ACuba RR 1st 5s gold
ADeposit receipts
Deposit
105 %
109
109
Refunding 5s—
.40-year 4%s—22.
"A-/
■
103'A 109
Omaha
110% 110%
111%
109% 111
109% 113%
4
67
111
v
111
113 Va
*113%
113'/a
—
109%
111
101% 102%
26
101%
*92%
101%
_^i)
100
102 Va
37
104 Va
105 Va
—
■
—
104
103'/a 104%
107
106% 107
4
!'■
105%
107%
107%
108 %
103%' 105 Va
108
107% 108
24
103%
103% 103"%
21
58
•—
.
■
59 %
45%
59
46 Vi
Af-N
108%
111
111
108%
109%
111
112
107%
108%
108%
Ind
77
77%
76%
78%
274
60%
78%
J-J
73
73
73%
45
58
1953
M-N
73%
73%
74%
54
60'/a
75%
m-N
81
81
82%
74
67%
83
F-A
62
61%
63%
232
48%
J-D
99%
99%
99%
2
3%s
:_1952
C
.^—,—1966
;
1950
gold 3s
111
Iowa
&
1st gold
'
1951
1951
-.—1963
Inland Steel 1st mtge 3s series
Inspiration
Cons
F
Copper 4s
AAdjustment
5s
1077/a 107%
2
M-N
109% 109 %
103'A
4
V
102% 103%
A-0
99
59%
62
52
J-D
52
54%
57%
'!'A.-.'i'""-''
v
-■
58
53 Va
41
3-D
L 1st mtge 3s
1970
Union Ry 3 Vis series B—1965
Delaware & Hudson 4s extended—>1963
Delaware Power & Light 3s„——1973
tDenver & Rio Grande RR—
§ a 1st consol 4s———
—1936
SAConsol gold 4ViS
1936
^Denver & Rio Grande Western RR—
107
107
'i
52
M-N
j-j
"54 S;
:
j-3
a-o
1978
5%
5%
f-a
—>
Plaines Val 1st gtd 4ViS—'*-1947
Edison 4s series F———A-1965
Gen & ref mtge 3 Vis series G—1966
Gen & ref 3s series H—
1970
Detroit & Mackinac 1st lien gold 4s 1995
ASecond gold 4s
1995
Detroit Term & Tunnel 4'/aS_
1961
Dow Chemical deb 2 Vis
1950
Dul Miss & Iron Range Ry 3Vis—1962
}§ ADul Sou Shore & Atl gold 5s—1937
;
55
50
46
56
29
5%
102
.
M-S " >
j-d
297/a
.30
100
Af-N
104%
102
a-0
j-j
35
1965
8
100%
35
108%
5
■
37%
24%;
Elgin Joliet & East Ry
El Paso & S W 1st 5s
Empire Gas &
Erie
102%
1
90
90 Vi
11
90
90
82 Vi
5
.
101%
101% 101%
103%
103% 104
73%
74%
*106
M-N
104%
*103
75
106 Vs
103
103%
128%
J-d
;
:
Y;>:J
45 Va
98%
217
48%
46%
47%
42 Vi
48%
42
47 Va
17
■
.1982
12%
M-N
100
*103
j+d
M-N
:
97%
•V-
103'/a
98
11%
14
13
*12%. 13%
1956
..1956
j-d
•
14
13%
11%
'
103 Va
103
'j
97%
1
'•
£2
98 Va
%
102% 102%
.'h.
^
■
3-j
102%
1945
3-3
29%
29
30%
146
.1934
j-j
65%
62
65%
% 73
1947
errs
,1952
106 Va
:
Y7>-:
!y■
j-j
1973
j-j
j-j
1977
-
^
103
22%
32
48
65%
105%
107'A
_
109 % 110
13
108%
111%
112% 113%
25
111%
113%
110%
110
110%
12
105%
110'/a
104%
•
/
J-d
101%
.
,■
*99
j-j
1976
30
105% 106%
3-d
.1961
Northern 4Vis series A.
Great
3-d
__
28
.1949
.1956
103% 105
102% 103%
24
100
105
103%
c
75
j-j
103%
103% 104 Va
1946
j-j
j-j
102%
95%
102% 103
1967
94%
•
98 Va
103%
V,r 56
102 Va
104 Ve
37
102%
103'/a
"
1946
278
23 %
441
16%
24%
43%
56%
43%
56%
56%
54%
56%
114
J-J
56%
54%
56%
69
105'/a
105
108'A
Int Rys Cent Amer 1st 5s B
1972
Af-N
1947
F-A
101
101
~5
101
1st
lien
&
ref
6%s
A-0
61%
ctfs
.1975
2015
Gulf
Feb
Y-V:'.'
Feb
B.
-
w.^p.
14
s'|
221
95%
j-j
*62%
14
j-j
98%
97%
83%
V
83%
91
1952
j-j
60
36
99
34
87
12%
a-0
1969
Af-N
104%
—
104 Va 104%
89%
66
87
jr.
Ci
104
105'/a
110
*110'/a 111%
111'A
H
Hocking Valley Rj 1st 4Vis
f§AHousatonic
Houston
Hudson
Coal
Co
79
78
80
122
74%
80%
F-A
82
81%
83%
129
77%
84
Af-S
4%
4%
2
Laughlin Steel 3'As
&
75
76%
92
58%
77%
99
99
22
95%
99%
.*1959
J-D
1961
1st
Gas
s
f
1st
footnotes
5s
A
see
page
1268.
_
1962
J-D
1949
series
gold 5s
U-N
65%
133
91
92
174
105
Af-N
91
105
9
65%
5
3
75%
J-J
K
Kanawha
& Mich 1st
08%
82%
—
77%.
•
1
77%
125
108
*62
77%
84
7234
107%
109%
114%
114%
-X"'
•
i'
51'A
97
'
58
91%
'*••
64
*96'A
"
'
'
82%
691/4
•
11
108%
*114%
'
'■
...
77
84
83'A
84
108%
•
82%
76
•
84'A
,84 'A
71%
86
82%
84
99%
72%
*98% 100
gtd gold 4S..1990
A-0
fKansas City Fort Scott & Mem Ry-—
§ARefunding gtd 4s______.......1936
A-0
ACertificates of deposit
A——
Kansas City Southern Ry 1st 3s
1950
a-0
Ref & impt
.Apr 1950
.•
J-J
Kansas City Terra 1st 4s_^.
I960
J-J
Kentucky Central gold 4s
.1987
J-J
Kentucky & ind Term 4%s
;
..1961
J-J
^tamped
^
...1961
J-J
Plain
...1961
J-J
4 Vis
unguaranteed
_.1961
J-J
Kings County El L & P 6s
1097
a-o
Kings Co Lighting 1st 5s
1954
J-J„
1st.. & ref e'/as.^...
..^.—.1954
J-J
Kpppers Co 1st mtge 3%s
1961
Af-S
Kresge Foundation 3% notes
1950
Af-S
tAKreuger Si Toll 5s ctfs
1959
Af-S
97
"
>98
-
'
90%
*107%
*
•:> X
104
.'.Y
107%
110 Va
106'A
107%
2
103%
104'A
3'A
3'A
J-.:
104
4
*3'A
c.y,
174
12
106 Vi 106%
;
>«•
■'
j/p!:
-
110 Va
106%
92
174
•
•V-' -t'.''.'-.
■/
107 %
109
J '
*163
ir—;
';' "'
:•
*94
V:'V
$ ■
'.
•
...
.
1943
1953
99%
100%
ref 5 '/as series C
F-A
99%
99%
99%
31
98%
100
ref 5%s series D
1960
f-a
99%
99%
99% J
15
98 %
99%
1997
j-d
95%
95%
96
21
93%
96 Va
registeredi-L.i...i-.-,.*.^.^i.l997
j-d
91
91
1
89%
91%
61
61'A
3
60'A
67
97 Va
103
97
101
Laclede Gas Light extd
Coll &
'Coll
&
gold 3'/2s
Lake Sh & Mich Sou
3 %s
5s_
lOO'/a lOOVa
A-O
Deo
mtge income
Cons sink fund
4'As series C
Lehigh & New Eng RR 4s A
Lehigh & N Y 1st gtd gold 4s
5s
5s
.........1964
:
stamped...
5s
Leh Val
66%
257
116% 116%
3
:.V,
sink fund 5s_.....
stamped.:
Harbor Term gtd 5s
ext..^
Lehigh Valley N Y 4Vas
*89 %
*
Long
13
65
78
66%
60
56
69%
75
75
76%
22
64%
80%
43%
43%
44%
42 >/
42
47%
47
131%
85%
92 Va
105
56
116%
,
:
33
42'A
10
34
43%
48'/a
230
37
48%
45%
45%
53%
55
5s_1951
A-0
75
75%
1965
A-O
;
(P) Co deb 5s
42'A
30
•>, 64%
*108
■
103 A
104 A
121
122'A
104
121% 121%
A
107
105
103%
121%
125%
105%
1
103 A 103 A
h
103
F-A
M-N
,
-1
'
103%
'
•
-
*104
A-O
Af-S
8
104% 105
104%
Af-S
Af-S
F-A
A-O
J-J
M-S
Af-S
39
102% 103%
103
98%
99
110
104
105
120
99%
104
105
120
10
104% 104%
*119% 120'/a
120%
102
7
103'A
93%
*102%
99%
109%
110
102
:■
110
102%
.
19
106%
108
105% 106
13
104
107'A
103% 104'A
39
99%
104%
167
;• 94'A
100%
103 %
2
102%
104'A
106% 107 »/a
11
106%
107%
103
104%
107'A Y 106% 107'A
A-O
] 06
'
A-O
100%
A-O
„
78
123%
2
>
a-o
/
46%
,55
2
V'*"
105% 106
A-0
1
66
J
*124% 125 Va
J-J
;
35 Va
11
45%
53%
1951
1962
44%
358
75%
...
70%
78
Af-N
.—..1949
.1949
1951
3s debentures
1963
Louisiana & Ark 1st 5s series A
1969
Louisville Gas & Elec 3'/2s
1966
Lou & Jeff Bridge Co gtd 4s
.1945
Louisville & Nashville RR—
_
*
1st & ref 5s series B__
.2003
'. ' 1st & ref 4%s series C.l—
2003
1st Si ref 4s series D-:
—2003
1st & ref 3%s series E
2003
;
'Unif mtge-3'/2S series A ext—1950
Unif mtge 4s series B ext
..I960
Paducah & Mem Div 4s_j.
1946
St Louis Div 2d gold 3s__
1980
Mob & Montg 1st gold 4%s
1945
South Ry joint monon 4s
1952
? Atl
Knox & Cine Div 4s
1955
stamped——
70
.'iy>
:
73
79
65
...
.
Guaranteed ref gold 4s
4s
90 Va
;
65'A
16
66'A
...
2003
1950
1949
;■ 71
■.
J-J
1944
3%s ext to—
Island unified' 4s
* i; V,'I V
77
1955
Long Dock Co
>^v7
F-a
Af-N
debenture—-^
97
86
84%
91
*71'/a
F-a
.
,
Libby McNeil & Libby 4s_„—
95
86
77'A
...
1950
Liggett & Myers Tobacco 7s
102'A
100%
$
'
1974
2003
.
--
'
2003
2003
5s
1
*77
Jf-N
Lehigh Valley Terminal Ry ext
1st 50-yr 5s gtd
5
97
f-A
t
i
Lex. & Eastern
102
*89%
Lehigh Valley RR—
4s stamped modified...-..—r_^..2003
registered
stamped modified-.-..
,4%s registered.....^......
5s stamped modified-
20
F-A
..1974
1954
101
97
a-0
■'•'Y"'-
1954
stamped-...-
iist & ref sink fund 5s__...-^.r--1964
37
100
102
■■'V
M-S
.
:
99% 103
102%
j-j
1965
1945
Lehigh Valley Coal Co—
1st & ref sink fund 5s__________1954
61
j-j
1954
J-J
J-J
F-A
Af-S
M-S
J-J
Af-N
—
■'
•
.'
-
':'
■
99% 100%
103
104
104
97%
•
6
104
1
97%
'
•
'
*111%
98
104
—
.
101 %
103%
112
6
103% 103%
'
94'/2
104
*104
112
—
M
series A
1945
mtge 4%s series A
1960
Manati Sugar 4s sink fund—Feb 1 1957
A Manila Elec RR &. Lt s f 5s.
1953
AManila RR (Southern Lines) 4s
1959
Maine Central RR 4s
Gen
t§AManitowoc Green Bay & North¬
western 1st gtd 3 %s
1941
Marion Steam Shovel s f 6s
_1947
Stamped
130%
*131
J-J
M-N
m
—1999
gold 5s___1937
1954
cons
Oil 4Vis debs
Hudson
For
Ry
103
J-J
17
99
*97
1961
-
1027
95%
RR—
& Ship Island
'
100
99%
100
*99
—1951
gold 4Vas_„1952
i
66
13'A
61%
1955
Int Telep & Teleg deb
Debentures 5s
.
-•
—
ADebentures
65%
57'/a
104
Lorillard
.1949
60%
22%
6
Little Miami gen 4s series A.
Glover RR-
JFonda Johns &
128%
117
5
19
99% '
99%
48%
Jf-3
.1974
99 %
47
J-D
-1959
104
102
26
104'A
128
m-n
1958
..1943
"
60%
58%
23
7
1st & ref
106
107
103% 104
104
■V
47%
60%
176
4s
Af-N
103%
63%
•4%s
_1961
101%
105%
101%
64%
204
103% 103%
M-S
01
101%
45
74
931/2
80
99%
15
3-3
106%
106
106% 106%
■
14
104%
•
J- J
1995
2015
1947
1971
series B
A Gen mtge inc 4%s series A
N Y & Erie RR extl 1st 4s
Ohio Div 1st mtge 3 Vis
102 %
11
3-3
1962
Fuel 3Vis
148 %
102% 102%
a-o
Railroad Co—
1st cons M 4s
111%
148%
a-o
—1965
1965
stamped
5s
106%
110
Af-S
1970
3 Vis
106
3-J
3-D
**3
103 Va
102
106%
Lautaro Nitrate Co Ltd—
111% 111%
M-N
60
105% 105%
104%
105
110
*106% 107%
a-o
Minn Nor Div 1st 4s——1948
& Ga Div 1st 5s
1956
Ed El 111 (NY) 1st cons gold 5s
.1995
Elec Auto-Lite 2Vis debs
1950
62
59
*108% 110
J-J
reg.^...^..^^l975
Lehigh Coal & Nav s f 4%s A
1954
East Tenn Va
68 %
100 %
44
29
61%
61%
72'/a
52%
98%
86
*99% 100%
104
A 1st
East Ry
64
57%
135
105 Va
107% 108%
18
109% 109%
3-3
63%
63%
69%
104
102%
102
108 7/a
34%
...
68'/a
30
98 Va
28
102% ^
*108
90
90
46
28
9
30
'
M-S
90
74%
*92'/a
106'A
41
2
100'A
111
110% 111%
...
41
46
46
109%
7v
-
105'/a 105%
105'/a
J-D
j-d
49%
105%
10
111'A 111V4
■'
■_
40%
102%
—
110% 110%
A-0
6%
4'/a
333
48%
*105%
105%
45
6%
48
48
Af-S
f ADes
Detroit
105%
90
536
■''
56
6
6 Va
f-a
._i955
54 Va
56
54'/a
75%
78%
75%
Af-S
Jones
108
79%
521
89%:
52%
75%
67%
11
101%
105%
2
*105 Vi 105%
A-0
71%
191
-
68%
52
40
100
107
88%
70%
65
J-J
James Frankl & Clear 1st 4s...
'•'•'L'i;
3-D
89%
59%
2
...1955
53
39
100 Va 100%
jr-J
14
71%
6s series A
68 Va
62%
1
.
*50%
70%
58%
18
52%
*64
£0
70
70%
71
—
52%
mi**'
71%
'
A-O
gold 5s series C
1956
Internet Hydro El deb 6s_...._.r.i944
Internal Paper 5s series A si b
1947
JAIowa Cent Ry 1st si ref 4s
38%
58
*64 Va
62
.
15
73%
*70%
56%
J-J
J-D
46
9
'
72
J-J
6s series A___July 1952
B
1953
series
Ref sink fund
99%
95'A
26
99%
59%
J-D
.
81%
~3
J-J
J-J
Af-S
A-O
A-O
fAlnter-Great Nor 1st 6s series A.1952
99%
90
81%
J-D
1961
__1952
64%
,
79%
81%
U—
■
J-D
,
1963
.
4s
74
97
88
*82%
—L
J-J
F-a
J-J
J-J
J-J
F-a
1951
1951
1951
.'i'j'f A-j
J-J
1951
1950
tAInd & Louisville 1st gtd 4s_.___1956
Indianapolis Union Ry 3%s ser B.1986
109%
103
7
.
111 Va 111%
M-N
Dayton
Light 1st M 3Vis
74%
M-N
—1952
Joint 1st ref ,5s series Av
1st & ref 4%s series C
A 1st
111
111
M-N
Dayton P &
Duquesne
74%
62 '/a
Western Lines 1st gold 4s
III Cent and Chic St l si no—
v,
108
15
108% 108%
M-N
—-
——
65
a-0
73
A 1st
—1952
series B.—
65
76%
Gold 3%s__.—
Springfield Div 1st gold 3%s
58
59
*—
J- J
45 Vi
59%;
*„
J-J
D
Assented
69%
V
103%
*109%
*
J-J
extended to__—1946
ADeposit receipts
---A 6s series B extended to
—-1946
ADeposit receipts
—
Curtis Publishing Co 3s deb
1955
ARef & impt 5s
1st
97
jf-S
St. Louis Div & Term gold 3s
J-D
-
AGeneral s f 5s_——
Div
*96%
A-0
Litchfield;Div 1st gold 3s
131
112
19
126
96%
1951
Cairo Bridge gold 4s
113'/a
113 Va
—
—
J-J
series A
A7Vis
103%
A-O
Vis———-...1967
1st mtge 3 Vis1970
1st mtge 3Vis
1966
1st mtge 3Vis
—1969
Crane Co 2Vis s f debs
1950
Crucible Steel 3'As s f debs
1955
JACuba Northern Ry 1st 5Vis
1942
A
19
—
*97
1951
Collateral trust gold 4s
A-O
mtge 3
1st
104%
122
123%
A-O
Power Co—
3 ViS-———--1965
Consumers
103
*113%
J-J
1955
1956
4s
A
33
lines
*100%
.....1955
63%
Purchased
j.j
1955
63%
*109% 109%
F-A
1954
4s
Vi
52
61%
J-J
1958
1951
debentures
Consolidated Oil conv deb
90
104% 105%
J -J
1956
3Vis
88
83
103% 103%
.
J-D
—1948
debentures——
75%
89%
*109%
May
1946
3 Vis
88
1951
1st gold 3 V2S
;
Extended 1st gold 3%s
1st gold 3s sterling
Collateral trust gold 4s
102% 103
J-J
j-j
Louisville Div & Term gold 3%s_1953
1951
3Vis
85%
F-A
1958
debentures
92%
M-S
f 3%s A—-—1961
Consolidated Cigar 3 Vis s. f. debs_1953
Consolidated Edison of New York—
3 Vis
84
A-0
River Power s
Conn
89
1981
1951
,
58
62%
103 %
J- J
1968
3Vis series I
3Vis
Ry & L 1st & ref 4%s
debs
92
Bell,Telep 2%s series A
Illinois Central RR—
1st gold 4s_—
Refunding 4s
M-N
Apr 11969
mtge
Conv
98%
89%
Af-N
Commonwealth Edison Co—
1st
92%
'
1961
H V 1st extl gold 4s__1948
Sou Ohio El 3 Vis—_—1970
Tol 1st extl 4s
1955
deb w w
71
91 Vi
Y
98%
J-D
ACommercial Mackay Corp—
Income
97%
98%.
A-0
Debenture 5s
Columbus &
Iliinois
100
95
4
Vi
85 '/a
A-O
Colo Fuel & Iron 5s
106 v..;
106
;
99 % 100
100
A-0
: •
—
105%
67%
117 Va
7
98'A
98'A
14
90%
98%
63%
64%
31
52
65
75
M-N
Af-S
Af-N
97%
64
J-D
J-D
77
20
68%
77
*55 Va
—
*32%
i~
—
..
73
*102'/a
•
..
(Stamped mod) ext 5s™
McCrory Stores deb 3%
Metron Ed 1st 4V2S series D__*
Metrop. Wat Sew &
Drain 5%s
1945
.1955
q-a
a-o
1960
Af-S
3
1950
a-o
*96'A
—
111% 111%
*92 Va
102
97
94%
1
—
97%
105
97
*105
111%
102
101 Va
__
101% 102
Market Street Railway—
■
84
101
*82
J-J
A-O
a-o
—
105%
110
111%
92
94
{Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4267
NEW YORK BOND RECORD
Week Ended March
Last
Interest
Period
Exchange
Stock
24
BONDS
Week's Range
Friday
BONDS
.■
N»»w York
or
Bonds
Friday's
Range since
Sold
Sale Price Bid & Asked
Week
Friday
Interest
'
New York Stock Exchange
:
,
January 1
Diah
t § A Met W Side El
(Chic) 4s
F-A
1938
1st
Lans
Ref
&
&
Sag 3%s
1951
1952
1979
1963
1940
-
3Vis
gold
impt 4 Vis series
C
.
Michigan Consol Gas 4s.
t§AMidland of N J 1st ext 5s
t§ AMilw & Northern 1st ext 4%s__1939
A§Consol ext 4Vis
JMinneapolis & St Louis RR—
A 1st & ref gold 4s
1949
ft A Ref & ext 50-yr 5s series A
1962
tMinn St Paul & Sault Ste Marie
| A 1st cons 4s stamped
5s
ref 5Vis
Alst &
ft;/
Aft
4s
AGeneral
Alst
ref
&
AConv
*
A 1st
ref 5s
&
86
86
56
82%
A-O
45%
47
133
37%
*43 Va
O-A
130
gen & ref 5s„
4%.s series A—
1st & ref mtge 3y2s
v(Minn)
'
/ft
1st mtge 3%s
(Wise)
100
M-S
M-S ft
602
52%-y
M-N ft.
29
71%
M-N
A-O
-
—
:
70%
687/a
71
X
71%
England Tel & Tel 5s A
1st gtd 4 Vis series B—
J Junction RR gtd 1st 4s
J Pow & Light 1st 4Vis
New
106
-1946
J-J
J-J
71%
■'
68
mtge 3%s
Gas
F-A
deposit—
70%
y
67 Vi
I
68
60
V,
;
111%
109%
'
'ii4%yy/
113%
..6
■
100 Va
55
59
54
•
•
48%
59%
109
*109% 110
43%
109%
V
lst & ref M 3s series K
85
85
107%
105
v
N
N
N
N
1954
lst
:
i
mtge
M
101
101
82
105%
107%
102 Vi
101
Trans
115
116
■92%
92%
30
.84..
86
84%
y4 116%
5
115%
117%
123% 124%
27
122%
124 V*
100
100
5
98%
15
r.
94%
103
99 Va
71
96
34
*103%
--
prior lien 6s stamp
N Y Steam Corp 1st 3ViS—
HAN Y Susq & W 1st ref 5s
§A2d
gold
8 A General
4V2s—
;
Y Telephone
15AN
Y West
Niagara
For
Bost
1967
1st 4'/2s
Falls Power 3Vis
footnotes
see
1937
1943
3'^s series B
&
.
1940
gold 5s
ATerminal 1st gold 5s
N
r
page
1946
1966
1268.
"
85
74
82
259
59
732
56%
93%
88
248
74%
J
,
X
*68
'
29
M-S
■■
Debenture
Gen
mtge
deb
106%
/
.106 ": 106 y2 y
•
85%
*100%
86
1963
3'/2s
ft
—1974
1970
1981
4'As series E_—-----1984
3%s—
1952
gold 4%s
.-1947
108 y4
108 Vi
52/.
.
/-j.-,
io8%-y
.2
i.:/Z
114% 114 % X
114%
'
3s
•
110%
110V4110%
109%
Series
*105
104
ft
103%'
/'.'
'87
87 VA
57%
56
57%
56 y2-
55 Vi
63
z;
56%
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•/: 15 •'
'
56%
.56
57%
56
571/2
56%
V :94 '
y
,
.
29%
31%
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58
470
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;
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62
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.
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82
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;
52
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110
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13
13%
•
34
23
~:'~3
'
28%
31
109 % 109 %
F-A
123%
123 % 123%
121
124
J-D
111'/a
111
109
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1'.
J-D
98%
111%
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101
115%
117%
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A-O
102 V*
101
102 %
97
102%
"1
A-O
108 %
107% 108%
106
108'/i
107% 108'/a
105%
108 »/0
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'
A-O
100%
100 % 100%
M-S
101%
111
111 y 111
A-O
71
Apr
32
106%
/
31%
99
112%
55 %
106% 106%
F-A
J-J
72%
71
74 '/a
23%
MS
J-D
99
95%
93%
87%
887/a
90%
82
105%
105
107 y.:;.
99'/a
90%
105
:/
36%
107
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J-J
105
99
;
92%
90%
*131
132
131
132
J-J
121
121
121
124
J-J
106 Mi
106%
106
108%
M-a
111'/a 111%
110%
my2
J-D
102% 102%
102 y4
103
62
X
M-S
t A Providence Securities 4s
J-J
v
28
9%
*8
F-A
%
101
M-N
/'ft
.
F-A
,
7%
'■
F-A
''
ft.;C
113%
F-A
123%
J-D
;y
103'A
104
104
104 %
112%
112%
113
113
113%
113%
123
2
123
123%
5
116%
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116
118%
106%
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y
—
'
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./'•".,
*113
ft
•
__
113% 113%
•
2
123% 123%
■
117% 117%
—
A-O
118 ft;
118
118'A
/fty- 3
J-J
107%
106% 107'A
23
M-S
9
122 »/a
—
*123
M-N
10
100% 101'/8
*112%
M-N
106 %
6 %
9
*104
28%
105%
104%
101'/a
*104%
ft—.•
67
17%
105
9%
'
101
J-D
ft
—
.
102
103%
1
102%
103 %
103
103%
8
101%
103%
70
71'A
14
59'A
71 %
70'A
3
58%
69%
70
102
'
•'
J-D
103%
—ft
•
A-O
69%
J-D
iii-
70
F-A
1
103% 103%
70
•:
J-D
1960
1948
1957
—1956
25%
38%
*105% 106
A-O
1962
1974
65
105% 105%
1959
■
—
102
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*121
.
VX 15
•
.
...ftft,-^
58
.•
yy.y-fty
__
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—
70%
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107%
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J-D
J-J
90%
M-S
101%
J-J
99V4
101% 103
105 % 105 %
J-J
*109
F-A
J-J
86
91
104%
91
103
105%
109-
109%
10O%
■■■•■.XXX
102%
*111
■102% 102'/8
.
M-N
28%
M-S
*98%
17
30
30%
„
110
1968
J-J
*109%
—1972
2037
2037
M-N
*106% 108%
106%
107%
J-J
*147% X_
147%
147%
j-d
*221% 224%
1968
A-O
109% 110'/2
109 Vi
111%
Reading Co Jersey Cent coll 4s—1951
Gen & ref 4%s series A-—X
1997
Gen & ref 4'As series B
—1997
A-O
lst
&
ref mtge 3s
lst
&
ref
3y4s_.
lst
mtge 5s
& ref mtge
Public Service of
8s.
Nor 111 3 Vis
__
110
65'i
-110%
48%
Rand
deb 3Vis——-—1956
1,202
•"
1
X" 18%
20%
Remington
:
11
14
Republic Steel Corp 4'/2s series B—1961
87
5
95
110%
-
-'
Vi 108
107% 108%
105
:.-'1
20
*89%
110
'•
•
44%
20
100% 101
,1958
—1951
j AProvidenc% Terminal 4s
Public Service El & Gas
i
109%
100%
"143
*110%
'105% 105%
106%
102%
109%
108
A-O
J-D
series D
Pressed Steel Car deb 5s
63 'A
48%
Ss Iron conv
1977
Pittston Co 5Vi inc deb
:
1964
Portland Gen Elec 1st 4Vis———I960
lst 5s extended to
1950
Potomac El Pwr 1st M 3y4s—1960
>
1st mortgage'3y4s—
1977-
94"
v"
109
108
810
;
lst
:/i6%-3i%
;y:- 542
105% 106
14
59%
•
45%'x 59%
'^•■50y4" '64V-.' '
;' 44
61%
•
60
117
.91%
59%
88 y2
,
45%
45%
•
''**->180
'
60%
60%
"46 y."
.'./■■
•
"
% V 5.7 % '
91%
V
1st
ft 82%
7'87%
4%s A
Steel lst mtge 4'/2s
mtge 4'/2s series B
& W Va lst 4 Vis series A
mtge 4%s series B
mtge 4 Vis series C
Young & Ash lst 4s ser A
gen 5s series B
gen 5s series C
1st 4V2s
V 33 V
57%
55%- 56%
55%
lst
1 it
•77'
•
19701975 1977
1952
1950
1950
4Vis series C
Pitts
.71'.
"-'61
81% "82
V-
Gen
'' 104%
103
23As debs_
-1964
Louis1945
E 3%s gtd gold
1949
F 4s guaranteed. gold
1953
G 4s guaranteed—.,
.1957
H cons guaranteed 4s
1960
I cons 4'/2s——1963
J cons guaranteed 4y2s_-1964
Pitts Coke
106%
*109% 109%
M-N
deposit
Gen
105%
■/•
-1963
lst s i 4Si——1937
of
108%
109% 109%
,
27%
A
mtge 5s series B
Pitts
111
104
109%
M-N
Gen mtge 5s series
lst
*103
:.
Series
.
-*103
V
.Series
; j-j
M-a
Pittsburgh Cine Chi & St
Series D 4s guaranteed
115%
ft-110,
v
106
109%
-
3s—----—1962
Phillips Petroleum
108%
••114%
106
107
'
'
63%
--XXU——
•
Pitts
5
x.vy, *•-* -«(f
.;
debentures
'
—1949
H^Philippine fly
100%
108%
3
1071/4
:"
ft
J-J
J-J
AConr deb 6s
89%
106%
:•
109
106%
*108% 109%
A,'
.
1973
mtge 2%s
ref
&
Philip Morris Ltd deb
102%
1
i09'/8109 y4
101%
108
*104
ft-ft.'
F-A
^Philadelphia & Reading Coal—
Aref 5s stamped—
—
V 107%
100
16
V
101%
: 107
'
V
1974
-1977
1961.
1967
1971
Bi
series
gold- 4y2s series C
Series
78%
101% 101%
*108% :ft_
ft
-
F-A
1st gold 4s—
5s
91%
105
24
•'
.88y2
y
9
101% 101%"/
100
116 %
'
Philadelphia Co coll tr 4lAs—
Phila Electric 1st & ref 3'/2s
101%
101%
y
91%
98%
115
114%
108
Series
87
289
91%
90 y8
91
85%
*99%
*-,,
M-N
1952
91%
109 y4
'
62.7-
M-S
70 y4
69
95%
104
'ft: 91%
ft-'ftv"
.108
Seri;s
vvj'f
•yib5(y
110'%
103
103%
F-A
-67%
63
.
J-D
1944
fctfs D
debentures
ACertificates
"75%
62%
62
:
66%
9934 101
101
89%
65
•l
68%
,
J;./ftft-ft ^.fty
110ft
M-N
85
."69%
70
67%
*65
;
11 y
109%
108%
110
*100
ft A-O
Pennsylvania RR—
Ccnsol gold 4s
1948
4s sterl stpd dollar
May 1 1948
{Gen mtge 3%s series C
1970
Cons sinking fund 4y2s
r-1960
General 4y2s series A———^._1965
General 5s series B
—1968
93%
83%
78%
u,a,
74 Vi
.
.'71%
87. %
X
v 267
84,% V
73%
y
;
88 Vi
.
84 X
105'/a
108
109%
1st
:
106 y4
104%
*106
•/'•
F-A
5s_1949
;
■;:
M-N
1955
cu,"'
)t':\
110%
104%
110
'. V'
•'
110
108% 108%
■
xft.
' '
106%
67%
63
:
-
'74%.X
93
4%
J-J
J-J
v J-J
1960
•£• /•
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•
67% '
.
73 %
M-N
J-J
-1965 *
1958
1963
1937
J-D
'■1944
General
y.73.%
108
"70% %
65%
A-O
1st cons gtd 4s—--1993'
Queens El Lt & Pow 3Vis
A-O
ft'
106%
105% 105%
"
.
105 Vi
72%
■K-yl
•
N Y Rys
J-D
108%
78%
69
139
78%
:
J-D
——X—1955
*104
J-D
Phila Bait & Wash
78%
69
J-J
J-D \
*110% 111'A
J-D
77y2
72
85
80%
77
J-J
J-J
F-A
F-A
F-A
F-A
M-N
J-J
J-J
A-O
M-N
111%
80Vi
68%
82
.
,// J-J
110%
110%
109% 109%
Conv
•
79%
99
108%
1955
Peoples Gas L & C ref 5s
Peoria & Eastern 4s ext
74
y'1
61
"71%
98
106
110% 110%
:.
62
.
132
82
*99
108% 108%
1960
A Income 4s__
L—
Apr 1990
Peoria & Pekin Union Ry 5'/2s
1974
Pere Marquette 1st series A 5s—-1956
1st 4s series B
X
19565
1st gold 4Vis series C
1980
Phelps Dodge conv 3'/as deb
1952
—
80 y2
105 V*
','ft
106% 106 %
11
100
73 y2 ' 74
104% 105
110 Vi
General 4'As series D
105
*69%
110%
103%
:
108%
109%
8
109% 110
109%
98%
,
3
'
108
10
*108'/a 109 %
•
106%:
102% 104 %
•2
103%
..
82
—.
109%
108%
73%
74
M-S
Putnam
.
100
93%
"/■ ,'9.
98%
•
98%
'M-N
N Y &
108%
'
F-A
108 %
105%
102% 102%
103
1954
N Y
107%
1969
•
105% 106%
i',
deb
4s
92
*82'%
F-A
A-O
A-O
M-N
1998
4s
105%
H
107% 107%
■
J-D
1966
6s
deb
Power & Light
4%s
91%
116
tAN Y Ont & West ref gold 4s—X.1992
1st
105
105
/. J-D
105
100 %
.Vij-lj
-.7
115%
fAHarlem River & Port Chester—
AGeneral
104
22
105
•:{/
J-D
1966
4s series E trust ctfs
Penna
103 y4
103%
5
v
91 y4
J-J
Alst & ref 4Vis series of 1927—-1967
.
II01/2
103%
1960
Pennsylvania Glass Sand 3%s—
Pennsylvania Ohio & Detroit RR—
1981
lst & ref 4Vis series B
1968
Tst & ref 3%s ser D
Bridge Co—
4s^.„————-1955
ANon-conv deb 4s_—-X--—-1956
A Debenture certificates. 3 Visy—11956
AConv
deb 6s__l-l--L———-1948
§ A Collateral trust 6s„
xX~11940
ADebenture 4s_____—__—j_X.11957
,
109%
107%
.
1966
gold 3s loan ctfs__
Pennsylvania Co— ■•■■'■...■
Guaranteed 3%s trust
107 y2
103%
91%
M-N
—————1973
ft,; M-N
tN Y New Haven it Hartford RR—
.ft/;,
A Non-con v
deb ^s-X-Xr----—1947
■; M-S
ANon-conv deb 3 Vis——---1947
M-S
ANon-conv deb 3Vis
{XX.1954
A-O
'
108'/a
1
3
:■■
.
1971
—
Paterson & Passaic G & E cons
90
.
16
.//as;
102% 103 lA
104'
104
,
101
4Vis series B—
ANon-conv
8
J-J
1970
i
—
3'As series C
111 lst s f gold 4%s„
f
s
Parmelee
111%
42
•
106%
.105
A-O
Mtge 4s series B_._y;—X™_2__2043
N Y Lack & West 4s series A——1973
-
ft-ft
Paramount Broadway Corp—
110%
:•:•/ 48
85%
v
'107% 107%
.
103
.
N
107%
107% 107 %
J-J
1964
Pacific Tel & Tel 3%s series B_.i
y
55 Vi
■
%■ 111%
•
•
?
59%
.58 y ■V 47%
.V:.''"'-.x—
-1974
A-O
Ref 4Vis series C——
—-1978
M-S
1st mtge 3 Vis extended to
1947
A-O
Y Connecting RR 3 Vis A
1965
A-O
Y Dock 1st gold 4s——-i—1951
F-A
Conv 5% notes—:
1947
A-O
Y Edison 3'As series DXX1965 -"ft. A-O
1st lien & ref 3lAs series E_—~1966
A-O
Y & Erie—See Erie RR
ft: ft'.
Y Gas El Lt H & Pow gold 5s__-1948
J-D
Purchase money gold 4s_;—
-1949
F-A
Y & Harlem gold 3Vis„—
2000
ft/ M-N
Mtge 4s series A_-—
X_X.2043
J-J
N
106 '/4
103% 103%
—
J-D
ft lst &. ref mtge 3%s series I__
lst & ref mtge 3s series J,_._
Panhandle East P L 3s B
101%
Z/
:v;-70
of, deposit--——
series A_
20%
104%
106%
108% 108%
J-D
lst gold 5s
mtge 3%s series H_..X1961-
lst & ref
Paducah &
'
X
59%'
57
Coast Co
Pacific
Ref
94%, ,95%
.
5
York Chicago 81 St Louis—
5Vis
15%
6
107%
M-N
1st 5s—. -1945
Pacific Gas & El 4s series G—
106 V2
105%
—
—
Ref
107
20% *•*V
ft 105%
/
71%
*
60
xx 7 ■.:
/;:■ 11 /
95%
56'A
F-A
deposit
registered————1997
Lake Shore coll gold 3%s_„.
1998
3%s registered—
1998
Mich Cent coll gold 3 %s
1998
New
19%
105
*107
J-J
-1966
Elec 3%s
&
Transmission
71
56%
—.
series D——1956
registered
20
105
M-S
/
59%
—
\3%s
3%s
112
13%
72
—1958
—
J-J
M-N
-1967
mtge 4s—
Guaranteed stpd cons 5s—-
56%
/
.
8
106
.
95'A
A-O
1954
gtd 4,/2S——
-1945
Y Central RR 4s series A
.-1998
Ref & impt 4%s series A
—2013
Ref & impt 5s series C-—,——2013
Conv secured 3lAs
.1952 •
Y Cent & Hud River 3%s.
1997 •
N
112%
-1961
Oregon-Wash RR & Nav 4s
Otis Steel 1st mtge 4Vis ser A— -1962
70
104'A 105%
100% 101
—
General
.
110
111%
-1972
1st
56%
<
15
■
N
108%
112
>
'
A-O
deposit——
Newport & Cincinnati
109% 109%
M-S
30
644
113% 113%
F-A
A-O
J-J
J-J
A-O
J-D
J-J
.
—
5s series C
ACertificates
80
J-D
9 Va
.' v, 5
111% 111%
J-D
1961
deposit—
A
80
67%
V; F-A
tOgdensburg '& Lake Champlaln Ry—
§ A 1st' guaranteed 4s——
:x -1948
-1965
1st mtge 4s
;
1st
56%
68
"
J-D
Ry—
§ANon-cum inc 5s .series .<A—..1933
series
67%
Oregon RR & Nav con gold 4s__. -1946
Ore Short Line-lst cons gold 5s_. i-1946
tNew Orleans Texas & Mexico
5Vis
79%
79%
69'/a
197
-
:
.
1986
N
1960
New Orleans Great Nor 5s A
.1983 ,'y
N O & N E 1st ref & imp 4 Vis
1952 . r»;
New Orl Pud Ser 1st 5s series A—1952
1st & ref 5s series B_--——--1955
New Orleans Term 1st gtd 4s
-1953
A 1st
79
79
22%
*103% 105
,
—1945
-1952
—
of
79
79
56%:
,11
66
X
J-J
J-J
J-D
M-N
of
J-J
Ontario
r.
56%
.70
68J/a
F-A -ft
,
L
v
A-O
A-O
ft J-D
W
M-N
J-D
1945
England RR gtd 5s
ACertificates
92 Va
J-J
Ohio Edison
Oklahoma
875
71
67 y4
M-S
M-S
ACertificates
80%
:
273
-
68%
•
M-N
Alst 4Vis
92 %
71%
•
13%
A-O
■Alst
91%
52%
26
71%
68%
70
.
1949
of
91%
56%
622 -/
71
1965
fund debentures
1st mtge 3s
ACertificates
59
76
J-J
/■?
1,310 X
70 y2
M-S
B—'.
51
61%
65%
■'
70- ;y:
.
71%
F-A
•
Dairy Prod 3V4S debs—ft
1960
Distillers Prod 3%s_
ift—1949
series
62
58
V:
76
57
■•
57%
68%
y
.
71 Vi
F-A
5s
53
73%
61
t:
1
•
71%
•-
13%
,-X-—•
1978
Alst
60 VA
73%
73%
%
297/a
68%
*69
—
of
91%,
59%
59%
68%
,
200
71%
69 Va
29%
70
—
1980
of
A Certificates
88 Vi
Q-A
J.J /:•■/
36
54.'
.
tANaugatuck RR 1st gold 4s—
1954
Newark Consol Gas cons 5s
.—1948
N
96%
91%
'
~
64%
69'%
y
—
—1949
deposit
AConsol gtd 4s
92%
*56'/a
Q-F
53%
;
101
f:~
68%
713A
ft/
Nash Chatt & St L 4s series A
J ANew
95 %
*90 V'a
Q-J
1967
——1964
Secured 4s__i
Steel
116
94%
95 %
76%
Gtd
3 Vis sinking
La
'
Q-J
56%
67
47 y4
debentures.ixxx.xxxxxx.xl965
Montana Power.1st & re? 3%s
.1966
Montreal Tramways 5s ext——1951
Morrell (John) & Co 3s debs
1958
Morris & Essex 1st gfd 3 Vis——:-2000
Constr M 5s series A—
—1955
M-N
Constr.M 4Vis series .B-iiX.^jX-1955'--.'; ft' M-N
Mountain States T & T 3'As—-—1968
J-D
Mutual Fuel Gas 1st gtd 5s
1947 y{
M-N
National
—
M-S
64 Vi
221
•63
48%
F-A
€s
Nat
47%
46 Va
v
B----1966
Mpnongahela W Penn Pub Serv—•
'.1st mtge 4 Vis—^1960.':
Nat
*125
16
131
125
130'/a
129
116
M-S
1974
—1974
86 va
46%
—
States Power Co—
Northern
.
'
Monongahela Ry: 3 % s series
{
7
7%
100
X:: 'Z
•'.*
'
series
.ACertificates
y>;«0yy
73%
65%
64 V4
V4
J-J
A-O
I—-—-—1981
deposit
_
Moh'k & Malone 1st gtd gold 4s—_1991
Alst
65
64 Vi
1975
1977
gold 5 Vis_
gold 5s series H
of
'ft
60
rftft
& ref
ACertificates
38%
6
-.104%
*100
40 y2
2%
.
J-J
deposit
of
■
yy;
38%
-
30 '/4
29 %
17 y
72 Vi
deposit————
G——.-..1978
of
75%" 76
76
58 Vi
series
5s
ACertificates
?■
32
■
70'A
A-xX-™.Xftl965
—XI
ACertificates
Alst
.
•
,7^4'
V
5%
29%
64
v7%. ...: .7Vi.:
" 43B
•:?:
"i
ft'
ref 5s series F_—,:
&
38Vi
7%
3%
41
703A
—1978
.
of deposit
a Certificates
94
40 Vi
38%
59'A
adjust 5s series A—Jan 1967
t Missouri Pacific RR Co—
Alst & ref 5s series
:
;
% J -J
1962
series D
4 Vis
387/a X
39'/a
37%
40 Vi
y:
,}Z
ft 104'%
F-A
prior lien 4s—1997
4s registered
1997
Gen lien ry & Id gold 3S„—Jan 2047
3s registered
2047
Ref & impt 4y2s serifes A
2047
Ref & impt 6s series B
2047':
Ref. & impt 5s series C——2047
Ref & impt 5s series D
.—2047
'
;/
37%
38'/a
*
J-J
1962
40-year 4s series B
lien
1
'
■Prior lien 5s series A
ACum
4%
'$
12
77%
High
110%
102
24
102-ft 102%
.
1st 4s
Missouri-Kansas-Texas RR—;
Prior
5
1959
J-J
-1990 /.Aft J-D
1st 5s
$ A Missouri-Illinois RR
Mo Kansas & Texas
f,
J-J
10%
4%
/ft MS
1978
series B
•>.
J-J
ftft
77%
■
ft
J-J
-
5s A
Northern Pacific Ry
,V
69%
102
Ry 1st gold 4s_1996
& Western
Gen & ref
Low
108%
110% 110%
M-N
1961
RR
Central
North
:•■:
84
59
83
10%
101
75%
.
69 Vi
*65
J-J
1949
5 Vis
*67'A
J-J
1946
Alst & ref 6s series A
97
37
y-
84.:
Norfolk
70
January 1
No.
1998
2014
Southern
HANorfolk
105%
Range since
Sold
High
Ry Co—•
4 Vis series A
inc
mtge
AGen mtge 5s conv
55
101Vi
83
M-S
■'••/.: Q-F
§ Alst stamped 5s gtd as to int—.1938
eft A 25-year
-
'
1838
consol
*99
1st
85
104 V8
9
69 'i
*63 »A
„
1938
§ Alst
85
104 y8 104'/a
A-O
73
28
/yy--'-.:
103
102%
—
83
7
■
104 »/8
J-D
M-S
J-J
1947
1941
t AMilw Spar & N W 1st gtd 4s
t§AMilw & State Line 1st 3Vis
83
-
J-D
ft.,,
'ft;
1939
-
*103 y8
Southern
Norfolk
95 XV.
C:. "93%
M-S
M-N
J-J
M-S
A-O
Niag Lock & Ont Pow 1st 5s A—-1955
Niagara Share (Md) deb 5y2s
-1950
18%
16
--
Lou>
v
Hiah
Low
;
'
Micnigan Central—
Jack
16 y2
*—
—
No.
Bonds
Sale Price Bid & Asked
"
Low
Week's Rang*
or Friday's
Last
Period
Ended March 24
87%
109 %.•? 110%
18%
31
108%
109%
Gen mtge
4%s series C— —1958-
Revprp Copper & Brass 3y4s
—
I960
J§ARio Grande West lst gold 4s__1939
Alst cons & coll trust 4s A——1949
J-J
J-J
97
98%
99%
91
94
98%
99'/4
30
94%
105% 105%
10
104%
106
104% 104%
15
104%
106
104% 104%
33
104%
106%
101%
102%
100
•
J-J
F-A
M-N
100
13
99
y, 98%
104%
-104%
99% 100
/
*102% 102%
M-N
J-J
93
92
93'/4
52
A-O
56%
55%
56%
153
99%
99%
81
95
44%
58%
s
YORK BOND RECORD
NEW
BONDS
Interest
Last
Period
Stock Exchange
York
New
Sale Price
March 24
Week Ended
Week's Range
Friday
BONDS
or
Bid & Asked
& Elec Corp—
4Vis series D_
Gas
mtge
Gen
.
mine
Gen
mtge
Gen
mtge
1967
1969
M-S
M-S
M-S
M-S
1934
1949
M-S
o-J
iyo<
3Vis series I
3%s series J—
& Louis 1st 4,/aS
{ARut-Canadian 4s stpd
ARutland RR 4Vis stamped
t§AR I Ark
>125%
.
.
1977
3 Va s series R
Gen
—
111%
109%
*108'/a 110%
111%
117
39'4
38
11%
16%
Union
18%
102
12
19
t§AUnion Elec Ry (Chic) 5s
Union Oil of Calif 3s deb—
Gulf Division
River &
—1933
§lst 4s stamped
Certificates of
of deposit
series B
^certificates
lien 5s
ACertificates
A Prior
——
deposit
ACons M 4Vis series A
,.1978
ACertificates of deposit stpd
fSt Louis-Soutnwestern Ry—
1st 4s bond certificates
-—1989
A 2d 4s inc bond ctfs
Nov 1989
of deposit
•/;■/.
Lines) A
r~~
M-S
2.50s
v" 2.55s
35%
66
28%
>'
97
*
791/8
70%
83%
74%
76%/:
31
57%
202
38%
49
■■■
■
'•>
f-;/"''if:'
"
—
*126% 128.
126%
13
66
66%
65%
68% >;
446
30 %
31%
355
29%
.....
>
■
1955
6s
27%
;
42%
60
55%
57%. /
42%
;
/
'
••
62
■
•
-_
/•;
^
.
56%
~
—
3
8
106% 106%.
>>>
107% 107%
107 Vb
107% 107%
U
66
82%
80%
102
i: 100%
52%
.1951
105%
103%
103%
1051/4
106'/a
124
107
.108
105%
107%
95%
Gen
Aef
94
98%
69
82 %
80%
78
79%
141
77%
77%
79
345
65%
77
78%
206
impt mtge 3%s series B_. .1974
103
103%
96
96%
-i
103%
96
...
59
,
346
'.A/:
;
118
110% 110%
110'/a
"80%
98'/a
80 «A
f gold 4s
.1950
Tcxarkana & Ft Smith 5%s A
Texas
Gen
&
ref
5s
Gen
&
ref
&
99%
'43
96
.
..
100%
106
26
100%
104%
111%
6
110%
ref 5s
.T06V8
Tex
54%
> 2
111% 111%
;'>■/'4;
54%
54%
Ave
AAdj
105%
105%
103%' j
105 %
102%
*105%
Louis & West
St
103'A
118
112
103
111% 111%
A
105%
98 '/a
91%
105%
*105%
105%
98%
26
23
105
•
Union
;
46
105%
106'A
3
115%
118%
72
81%
90 7/8
98
90'/a
90%
90 %
90%
90%
34
90%
90
90%
56
M-S
1960
J-J
77%
77%
79%
A-O
36%
35%
37
907/b
79%
907/a
80%
112
110
*110%
40
79%
71
596
30%
37%
J~w
101 % 101%
21
96%
101%
A-O
102% 102 %
1
101 %
1027/fl
WEEKLY
In
in
footnote
a
and
the
dpfprred delivery sales are
week
In the following
March 18,
in
which they occur.
York
Week
security,
Friday '
Ended
Week's
Last
Exchange
Curb
Range
Sale Price
March 24
Ainsworth
Air
„_1
B
Associates Inc
Aircraft
Air
Accessories
Investors
Convertible
Air-Way
Electric
Great
preferred
For
footnotes see
10
20'%
100
37A
1,700
7%
500
9%
500
2%
2%
2,700
2%
200
3
preferreLl
1273.
3%
.2,600
98'%
20
«
105
-
page
Range since January
*112
M-S
*111% LU
*92 : * '
M-8
90
~
1
F-A
/
J-J
101% 101'%89
89'%
89%
A-O
111
M-S
110%
100 "
102
80
10
'
/
89%
'
14
1097% 111
>
110%
1
110% 110%
109%
111
l.
Apr
26
Mar
21
Jan
Feb
4
Feb
6% Feb
x8%
2
7% Mar
Feb
9%
Jan
Jan
2%
Jan
2
Jan
2%
Feb
Jan
35%
Jan
2%
Jan
104 % 105
140
89
Jan
Feb
104% Mar
78
18
100%
104
*43
:
■
40
42
39
95%
99%
45%
5
38%
F-A
*101
F-A
*101
104
J-D
118
118
J-D
109% 109%
M-S
111
111%
111% 111%
14
111%
100%
101%
101
101
118
118%
10
108%
1097%
; 16
110%
111%
116%
112%
5
J-J
M-S
95
::
937%
97'A
56
M-S
94%
94'%
98
85
M-N
104
103% 104%
J-D
1047%
104% 1047%
41
M-S
103
102% 103'A
167
M-N
101%
101'% 101%
34
'
1960
1951
66%
68
63'%
64'%
1st 4S
Central 1st; 4s__^
of deposit-.
104%
104%
1007%
72%
53
67%
111
111%
95
74
91%
102% 102%
20
101%
103%
1
116%
118%
94%
:
95
70
67%
68
12
20%
67
1
•19%
M-N
57%
166
•68%
109% 109%
68%
>
Public Service 3%s
101%
55%
116»% 116'%
102%
A-O
70
16%
22%
18
15%
109%
110%
107%
108%
31
102
104
83
101%
102%
;T08'% 108%
J-J
74%,
60 %
•
*13
£b:
>1968
197.1
103%
101
*110% 111%
94%
M-S
4s___1936
99%
//;
101%
38
M-S
99
77
102
85
64%
103%
77%
••,
'-.24
67
.
J-.T
98%
53
102% 103%
103%
88% >96
204
96
95
96
A-O
47%
98
101
*100% 101
1950
1951
4%s_i
39
99%
Q-M
Co—
Telegraph
41
■
45%
45%
F-A
•'
45
41
>
98%
A-O
78%
£ 40%
V. *42
A-O
2
*43
A-O
56
45
82%
68
37
45
F-A
88
226
81%
•
77
M-8
v
78
81
V
81%
Apr
1946
5ASu & Du div 61 term 1st
ACertificates of deposit
Youngstown Sheet & Tube—
Conv deb 4s
a
——1948
;
;
M-N
Deferred delivery sale not Included, in the
Included in the year's range,
n
102% 102%
d Ex-interest, e Odd-lot sale
Included In the year's range, r Cash
;
year's range,
Under-the-rule sale not
in the year's range.
not included
■/■ §Negotiability impaired by maturity. > tThe price
pound unit of bonds. Accrued interest payable at the
represented Is the dollar quotation per
exchange rate of $4 8484.
receivership, or
securities assumed by such companies.
fCompanies reported as being in bankruptcy,
the Bankruptcy Act,
or
•Friday's bid and asked prices; no sales being
A Bonds
103
102
102
M-S
i960
f 3 %s series D_
1st mtge s
not
sale
200-
reorganized under Section 77 of
transacted during current week.
selling flat.
//•':/'
..
EXCHANGE
RECORD
YEARLY
,
when selling outside the regular weekly range are
ehown
beginning on Saturday,
the Curb Exchange itself, and is intended
the New York Curb Exchange for the week
York
Curb
Friday
Sales
Week's
Last
Range
for Week
Sale Price
Exchange
Week Ended March 24
1
Jan
3%
102«% 103
J-J
of Prices
Shares
Low
Range
Since January
1
Low
High
Jan
11
Jan
Feb
25
Jan
Mar
28
Feb
No.
High
; High
20% Mar
22
114
98%
—50
'
*108%
F-A
M-N
J-J
they are the only transactions of the week, and
computing the range for the year.
35
—3
Appliance
11
102% 102%
1027/a
A-O
STOCKS—
Low
-10
Southern
Alabama Power Co $7
Shares
2%
2%
-2
preferred.-
Alabama
$6
-50c
Corp
common
111
91%
102 %
*102% 102%
M-N
J-J
New
High
25%
9
1
(NJ)
*101 %
1960
Sales
3%
7%
5
Mfg common
102%
*101% 102%
M-N
ACertificates
for Week
20%
37/8
*101% 103%
M-N
-1949
.;
complete record of the transactions on
25%
1
Supply Mfg class A
Class
of Prices
Low
-10
Acme Wire Co common
102%
101%
*101'A 102%
M-N
(March 24, 1944). It is compiled entirely from the daily reports of
whether stock or bond, in which any dealings have occurred during the current year.
Par
Aero
AND
disregarded in the week's range unless
No account is taken of such sales in
extensive list we furnish a
STOCKS
New
M-N
and ending the present Friday
to include every
102
*101%
—
IA Wisconsin
NEW YORK CURB
NOTICE—Cash
103
109%
M-N
J-J
106%
118% 118%
98%
105%' 105%
105% 106'/4
F-A
90 %
19«0
1017%
101%
103
*101'A
118
111
118
118
J-D
1st 4s— 1950
101%
1017%
101%
M-N
1948
Wisconsin Elec Power 3%s
A-O
ref & imnt 3%s—
Ohio Cent
Tol &
Toledo
102%
100%
1017/e 1017/8
101%
M-N
102%
102%
102% 102%
*100%
—
J-J
105%
A-O
.Tan 1960
104
101V8
*102%
^
102%
2361
2361
Wheeling & Lake Erie RR 4s
1949
Wheeling.Steel 1st 3%s series B___1966
Wilson & Co 1st mortgage 3s_—__1958
104
103 %
1964
5s
M-N
M-N
1977
5s ser A
Funding & real estate
Winston-Salem S B
102%
104 %
3
1980
ref 4s
Ry 1st
income
'•
1966
1952
mtge 3%s series I
.Registered
60
54
10
103% 103%
*103
U0% 111%
11
103%
103
104% 105
1979
C„
Mo Pac Ter 5%s a
Pac
Third
series
102%
M-N
_1963
E
gold 5s
!
f 30-year 5s——
Westinghouse El & Mfg 2VbS
West Shore 1st 4s guaranteed
1077/a
*106% 107%
IUV2
J-D
series D
102%
1950
.—1967
5s stpd gtd
Power 1st 5s
25-year
112%
111
Penn
Western
/
v
103%
1
1977
series B
5s
Gen
101%
1971
4s series A
J A Western Pacific 1st
A 5s assented-
80%
92%
2UU0
gold 5s
1st
91
1960
A
Maryland 1st 4s
1st & ref 5%s series A
110%
,105
103% 104%
Af-N
.1963
Pacific
&
102%
102% 102%
1957
Western
96%
1-73%
106
106
111
1st
.,101% 103%
...•91$
33
99
103% 103%
103
A-O
.1959
3s deb
Company
debentures
3s
Texas
100%
series A—1953
mtge 3%s
Gen
West
80'A
121
80%.
98%
'7
J-J
s
11
mtge 4s inc series
Westchester Ltg
65% i 78%
77 s
J-J
refund
&
107
102%
102
99%
78
F-A
.1953
106%
5s—1958
1st mtge
AGen
>
66%
J-J
.1944
& RR gen 5s
Terminal Assn St L 1st cons 5s
-4
Pwr 3%s series
cons
Wisconsin
Tenn Coal Iron
110%
106'A 106%
A
1981
AGen mtge inc 4Vis ser B,
-1991
X A Wabash Ry ref & gen 5%s A—1973
ARef gen 5s series B
—
1978
A Ref & gen 4%s series C
1978
ARef & gen 5s series D
1980
Walworth Co 1st mtge 4s
—1955
Warren RR 1st. ref gtd gold 3%S—2000
Washington Central Ry 1st 4s—.—1948
Washington Term 1st gtd 3%s
1945
1st 40-year guaranteed 4s
.—1945
'
55%
520
•'•'A/'
99
*97%
81%
2
53;
99%
99
99%
V
49 vr.
.
" 100%
> 123
*123
107%
,
100
103
*103% 104
-iV'
106%
•
of Calif 2%s
109
106%
Wabash RR Co—,
1
,62
40%
42
42
*54%
Apr
F-A
*-D
»
■: M-N
M-N
Internat 1st gold 4Vis—2013
debs
—1966
deb 3s————1961
:
—1953
Oil 3%s debs
—
1956
Co 2%s debsJ
.-1961
ASpokane
102%
8
,41%
22
'
A-O
A-O
J-J
J-J
J-D
J-J
102% ,104%
12
109% 110%
•
W
151
*100%
,'v:
28
1037/s 104
43
41%
100% 1007/s
A-O.
103'A 103%
110%
,31
28%
43
42 /
A-O *
—1956
20
40
57%
M-8
M-S
M-N
M-N
103%
103%
F-A
1951
f 4s series B—
Virginian Ry 3%s series
32%
21%
10
1st
69
v.
40 7/8
*39
J-J
1994
5s-
> ".43
41%
J-J
:•
68%
742
J-D
~
126'/a
43%
—
42%
J-J
108%
B
1968
Va Iron Coal & Coke 1st gold 5s—1949
Virginia Pub Serv 1st mtge 3%s—1972
Va & Southwest 1st gtd 5s—
2003
105%
•,104
18
29%
,
107%
A-C
1952
1958
4'As w w
RR cons g 4s
s
Va Elec &
,
31%
-Va
Cons
v
68%
F-A
J-J^
A-O
A-O
<
38%
103 %
162
;
Vandalia
.
37%
*102%
30%
303
104% 104%
—
;
United Stockyards
31%
22%
32%
36%
36%
37
93%
■/,>•
•'-i—
*28%
-••
107% 107%
50 %
92
47%
■
107%
76%
*94%
49
—
2.60s
102%
11
104
A-O
.
——-
2.65s
14
79%
1027/a
102
wU'"'T
2.'35s
2.45s
v
102%
J-D
,_May 1 1950
.Nov 1 1950 '■
May 1 1952
.---—Nov 11952
May 11953
Nov 1 1953
May 1 1954
-Nov 1 1954
May 1 1955
'r
v.
2.40$ :
37%
103% 104
Standard Oil N J
2% debenture
Superior
Swift &
37%
34%
74% 1
A-O
;
1956
Devel & gen 6Vis————_——1950
Mem Div 1st gold 5s
1996
St Louis Div 1st gold 4s
.—1951
Southwestern Bell Tei 3Vis B—1964
1st & ref 3s series C
1968
Southwestern Pub Serv 4s
1972
Stand Oil
49%
48'/a
35%
Stamped
gen
3 6'/a
1,602
J-J
1950
1st 4s
RR 1st ref gtd 4s
Fran Terra
&
36 %
36'A
J-J ./
j
1968
1969
1981
Gold
Devel
286
1
U-N
May 1 1949
Nov 1 1949
2.20s
.
34%
F-A
—1949
1977
Southern Ry 1st cons gold
Devel & gen 4s series A
44
36 %
F-A
Aug 1949
Gold 4%s
Soutn Pac
32%
:
28%
---
1979
Gold 4
San
83
43%
103%:
States Steet Corp—
2.15s
J
48
m-a
1950
-1964
1963
1962
Pacific Co—
4s (Cent Pac coll)
4s registered
(Oregon
45
1,180
47% :/•:
Southern
1st 4Vis
33
44%
103%
A-0
1955
-
46%
A'u
1952
4s
Tel 3%s
Bell Tel &
debentures
2.10S
105%
105 % 105%
5
J-J
Serial debentures
.
19%
19
103%
F-A
1970
1971
——1980
—
94
47%
A-O
.//
—-—-
Skelly Oil 3s debenturesSocony-Vacuum Oil 3s debs
South & Nor Ala RR gtd 5s
3s
2.05s
89%
-■
66
1st gtd 4s_
1933
All Fla 6s A ctfs—1935
A6s series B certificates-,
1933
Shell Union Oil 2%s debs
1954
2%s sinking fund, debentures
1961
ASilesian-Am Corp coll tr 7s
1941
South
99
48
A-U
t§AAtl & Birm
Co debentures
92%
97%
47%
M-N
X A Seaboard
Simmons
81
—'
A
41%
43%
F-A
A-0
M-S
;
gold 4s unstamped
1950
§ A4s gold stamped—
1950
jARefunding 4s—
—-—iao»
ACertificates of depositAlst cons 6s series A—
1945
ACertificates
..
J-J
i-J
J-J
J-D
J-J j
§ Alst
.
United
42
>'
102%
1971
-1952
1989
Depot 3'/as B
Schenley Distillers 4s s 1 deb
Soioto V & N E 1st gtd 4s
JSeaboard Air Line Ry—
,
Paul Union
98
—
goid 5s series A——1990
Duluth 1st cons gold 4s_1968
iASt Paul E Gr Trk 1st 4Vis
1947
t§ASt P & K C Sh L gtd 4Vis
1941
St
United Drug
32
98%
112
„
J-J
1947
-
Stores 5s
3'As debs
99%
91%
91
44
M-S
Paul &
St
3 Vis deb
35-year 3 Vis deb
Ref mtge 3%s series A
United Biscuit 3Vis debs
95%
33
*91'/a .94%
—-
1952
unifying 5s
{A 1st term &
AGen & ref
-
63
;;:2:
99%
*97%
J-J
of
34-year
66
70'A
95
91
—-
1950
1st
106
.
M-S
J-J
J-J
>'■
111
A-0
—1959
1967
land grant 4s_.
&
106%
62%
—.
1945
United Cigar-Whelan
—-
—1950
4s ser A
lien
:'5
70%
70%
...
98%
J-J
194b
—1959
1955
gtd 5s
'-■'■iiiitm
107%
107
*111%
It-N
Pacific RR—
106
*67%
C-T,v
M-N
/>/
deposit——
5s
pt L Rocky Mt * P 5s stpd
tSt Louis San Francisco Ry
A Prior
J-J
A-0
*
j-j
1971
3%s
debentures
105
2
105% 105%
*106
■
_
1 ASt L Peor & N W 1st
St L Pub Serv 1st mtge
Electric Co of Mo
Union
A-0
J -J
High
103
116%
50
16%
3s
a—.—1968
1947
Bt Lawr & Adir 1st gold 5s
1996
2d gold 6s
—
-.1990
fSt Louis Iron Mountain & Southern—
Low
1017%
106%
103
*—
u
48'/4
15%
S
Saguenay Pwr Ltd 1st M 4%
St Jos & Grand Island 1st 4s
Range since
^January 1
10
103
w-ji
109%
47
15%
16%
Bonds
/Sold
No.
Hiah
Low
J-D
Buff 1st gold 4s—1946
Trenton Gas & Elec 1st gold 5s
1949
Tri-Cont Corp 5s conv deb A
1953
47%
J-J
1941
.'
\
*111%
Sale Price Bid & Asked
Period
Toronto Ham &
Rochester
Last
Interest
m1
High
Low
No.
High
Low
January 1
Week's Range
or Friday's
Friday
V
■
Stock Exchange
Week Ended March 24
York
New
Range since
Bonds
Sold
Friday's
Monday, March 27, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
(THE
1268
Jan
3%
98% Mar
116
Jan
105%
Jan
Allegheny Ludlum Steel—
7 % preferred —
Alles
&
Allied
Products
Glass
100
1
•
10
Fisher Inc common
Allied IntI Investing S3
A
conv
pfd
(Mich);™
preferred—
Goods Mfg
•
—100
30
110%
24
24
3oJ
22%
26
24
25
conv*common
Aluminum Co new common
6 %
8%
__
26%
400
26
29%
109
30%
110%
.
6,200
1,550
9
*
Aluminum Industries common
6%
Ltd
preferred
common—.
80
—
100
100
Mar
109
18%"Feb
Aluminum
Aluminium
27% Mar
100
80%
100
2oO
50
% Mar
73%
98
Jan
Mar
30% Mar
112
Mar-
19% Mar
10%
Jan
84
Jan
103
Feb
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4267
■'
Friday
York
Week s
Last
Range
Curb
Exchange
Week Ended March 24
New
Par
American Beverage common——1
Book Co—————,—100
American
Central
American
Cities
Class
A——
Class B——
28%
Jan
1,700
5%
Jan
& ^ight—
43%
39%
40'A
150
2%
2%
2,300
35 %
Fork
American
Hoe
&
15%
Jan
Jan
28%
575
107
Jan
700
-v.
.
['■ {
Jan
Jan
18%
15
Jan
25%
Feb
10,600
16%
Feb
35%
no
90
90
88%
43
1
5,400
Feb
25
American
42%
Feb
15,400
10%
Jan
3%
Jan
American
Superpower Corp common—•
Aro
•:
2,200
17
4
57/a
3'A
2%
17'A
500
16'A
17
13
2,400
7,100
•i
3'A
3%
Jan
1,700
9%
97%
7%
8 V8
9%
400
6'A
6
6%
:
,
Jan
6'A Mar
'
6%
"%
150
2'A
2'A
75
•."
10%
10'%
10%
43%
43%
44:
Atlantic
Co—■rT.—j——-.50
300
:
Jan
12%
Jan
Jan
1%
Jan
2
1%
Jan
8
7%
7%
10%
11'A
10'A
Feb
3,700
600
'
:
800
12%
5%
5.■
'5'A
'
400
5%
:
■
3%
400
10
.
Jan
9 7/8
23
: /
—*
Jan
20% Feb
1,500
7%
7%
•
-30
preferred—
.1
Steel——;———1
39%
Rubber Co common..:.
Baldwin
Stainless
Barium
Mfg—
$1.20 convertible A common
•,_2%
Jan
'
1
2%
2%
2
10,200
—5
15%
4%
3'A
V
3%
:
Mills Ino
/ Beaum:
8%
Bell Tel of Canada...—..
Benson
&
2%
1%
100
14%
200
>
6%
•/.
'
a
Jan
-
Feb
130%
,
v
Feb
37
1%
1,700
6%
Feb
:
12%
13
2,500
12%
Feb
15%
2%
2%
3
1,000
1%
Jan
43%
Jan
Preferred
Mar
8
Mar
3
47%
48%
14
14%
400
10%
Jan
10%
900
7%
Feb
Class
40
11
11
fe
16
16%
%
10%
Jan
'A
Jan
17%
6%
2,000
20%
12
11%
2%
3%;
5.200
11%
'300
British American Oil Co
American
8%
-
:
■
~9%
Amer
'
Class
A
4Vb
16%
Feb
10%
(E L)
Bruce
Co
4%
Jan
81%
Jan
111
Feb
Jan
14
Mar
18% Jan
Feb
Feb
3%
100
Brack Silk Mills Ltd.—
preferred——.—'—..23
$1.60
1st
$5
Bunker
3%
4
&
17
23%
2%
4 *A Mar
Jan
9%
9%
(P A)
4
Mar
Feb
17
Mar
Jan
24% Mar
Jan
80
1,000
Jan
Mar
2% Mar
22%
Jan
Feb
9%
:
Curtis Mfg Co
;
16%
Cables
Sugar
California
Camden
Jan
Jan
5%
Feb
Mar
37%
Jan
Mar
14'A Mar
3'A
10%
100
5'A
57/b
5,900
4% Mar
8%
2,100
7
27/b
600
2%
-'V
;
;
39;
100
47%
65%
69
'
3% Mar
10
700
;i'a
20 'A
Jan
47% Mar
71
Feb
Jan
MlM
Jan
3
Jan
Feb
9%
•
56% Jan
250
22%
6%
Jan
42
580
Feb
10% Mar
2% Mar
2,750
•
3%
Jan
ft
22
;•
■
rets 5 % pfd—..
Estate—..—.
Electric
Tungsten
Fire
Power..—
Corp....—
11%
"18
Jan
Insurance
Assn
Canada Cement Co Ltd 6%%
102
9%
iil-
-
3/64
Jan
23
Mar
11%
% Mar
.400
\r
110
•
vV
69
Feb
Feb
113 %
Feb
116'A
Jan
40
105
Feb
110
Mar
Jan
6
Feb
5%
5%
36%
525
6%
4%
1,900
35'A
v«
Jan
5
63%
6%
-
33%
Jan
40
V.~v
115%
109% 110
VV-:
5%
'i
4
:
800
68
115
32
Jan
Mar:
36% Mar
"
"1%
:
;
"l% ."ira
r-
10
3%
0'A
400
:,
300
.
Jan
7
Jan
114%
114% Jan
1% Jan
Jan
l%Mar
700
9'A
Jan
10%
3'A
Jan
3%
Feb
.
3%
For footnotes
see
page
1273.
1
Feb
1,400
10'A
'
3%
101% 103
Inc
~5%'
6
ft
-
6%
ft
106'A
Jan
Jan
300
~
::
13%
l'/a
85
.
100
700
2%
277/b
5'A
1.900
•
16
^
13%
.
29'A
90
X85%
1,400
900
,
,
:
,
f
13%
Feb
Feb
6% Mar
.'A Jan
12
Jan
10% Mar
'
\h Feb
Jan
Jan
l'A
84
13% Mar
1% Mar
Mar
2 V
23
86%
Feb
Jan
2%:Mar
.
Jan
29'A Mar
V'V-V.:
8% Mar
8%
8%
8%
300
27%
27 >A
28%
4,300
2'A
600
"l »A
2%
i
1%
14,900
4'A
4'A
100
3%
Jan
~4%
3%
4%
8,300
3%
Jan
4% Mar
13%
12'%
13'/«
400
10%
Jan
13% Mar
,
2%
2%
2,600
25%
25%
225
2%
24%
/
8% Mar
Feb
28'/a Mar
2'A Mar
% Jan
2
2%
Jan
24%
Jan
l'/a
Feb
4%
,;
Jan
2'/a Mar
Feb*
25% Mar
ft Feb
11
11
11
22%
22%
22%
8.800
5%
5%
300
*
100
10
(J Jan
V-
Feb
19%
3'A
Feb
Jan
3
17
11%
Jan
23% Mar
6% Mar
:
Feb
Jan
24
2.50
8
common
9
12%
...
'
25c
preferred—.—25
common——.—*
(Mo)—.
100% Jan
20
900
10%
xlO'A
,,
——*•
A
—
Jan
3
Feb
D
Petroleum common
—8
Davenport Hosiery Mills.....—.—* j
Dayton Rubber Mfg—,
—...—— 1,-.:
Class A convertible..————35
31%
29'A
18'A
18
8,900
•
35
V
240
•
~3% "4
1,800
Jan
;
.
Jan
77
Jan
120
Foundry———..1
Detroit Mich Stove Co common..—_.l
Detroit Steel Products—————10
De Vilbiss Co common.————10
~6% "7%
75
75
76%
.
13
19%
3,700
70
13
197/a
%
?eb
Feb
Jan
73
7'A
79%
Feb
12% Feb
13
100
19
20%
Jan
Jan
3%
Feb
2,200
%
Jan
1
4
4,200
3'A
Jan
4%
200
20%
Jan
23% Mar
22
Jan
25% Mar
10%
37A
1
Feb
10%
23'A
23%
24
25%
.
80
preferred...——.—.—;—-10
common—
Mar
Jan
100
19%
■i
5'A
Jan
4% Mar
65
6%
—.*
Mar '
Jan
Feb
13% Mar
13% Mar
Jan
Draper
17%
Jan
550
97%
Feb
104%
Jan
9%
2,300
9'A
Jan
12
Jan
Feb-
31%
Jan
l"
-J.
3%
3%.
3%
5
5
5%
300
'
31%
l'A
Feb
3'A Mar
:
5 V Jan
„
5%
Jan
14
Am dep
6'A
6'A
6%
2,300
11
I'
900
IS dan
%
Jan
Jan
1
^ Feb
5%
Feb
Jan.
Jan
5% Feb
10%
14
,
Feb
6% Mar
13%
Feb
6%
200
~6%
Feb
Jan
350
67
Feb
72% Mar
Feb
29 %
Jan
74
Co....—————10
;—*
class B common..—*
Duro Test Corp common
1
Duval Texas Sulphur.
•
300
26%
6'%
71 'A
6'A.
6%
6
—•
Corp—
,
Feb
77
Jan
72
Driver Harris
4%
5%
600
2%
3%
Hosiery
3'A
700
2'A Jan
200
9%
Jan
10
10
Jan
6% Mar
"6%
7'A
Feb
Feb
5% Mar
3%
10
Jan
Mar
£1
Feb
6%
Feb
7%
1,700
5%
Jan
7% Mar
1,700
4%
Jan
6% Jan
1
7%
5%
,
5%
7%
6
East
Gas & Fuel
4%%
6%
Assoc common..
•
prior preferred——100
preferred———...—
100
MalleahlP! Imp ....—....—..25
Eastern
2% Mar
2'A
5.500
1%
Feb
65
64%
65%
200
56'A
Jan
70
38%
38
39%
975
323/s
Jan
40
24%
Jan
28
2%
2
.
Mar
7
113
Gasket; & Mfg—————1
preferred———...
—20
Shoe
3%
Mar
36
6'A Mar
Detroit Gray Iron
7%
26
,18% Mar
—.50
Derby Oil & Refining Corp com——.*
A convertible preferred————•
Diamond
31% Mar ;
15%, Jan
33% Jan
..—.—.100
preferred—
debenture...
31%
.18%,/ V .1,000
35
Dejay Stores.
—
—-——1
Dennison Mfg class A, common———5
Jan
Jan
1,700
7,200
.10
pfd—100
.
Feb
1% Mar
33% Jan
600
:
1%
15%
50o
5
:
Mar
>./% Feb,
.
9% Jan
100
11%
~4% "1%
receipts (ord reg)—{1
———5
4
Feb
6;800
16%'
"1% ~i%
—1
it
14'A Mar
Jan
Wireless—
&
American dep
Calamba
Callite
.
Jan
%
11
2%
rets ord reg———..£1
Corporation •
1
Dobeckmun Co common...'.'
——1
Domestic Industries class A com..——1
Dominion Bridge Co Ltd
—-—-—•
Dominion Steel & Coal B—
—25
Dominion Tar & Chemical Ltd
—*
""9%
Jan
102%
16%
Cable Electric Products common—50o
certificates—.
9
22%
11% Feb
Duke Power Co.——
trust
Jan
Jan
% Jan
34
29'A
Darby
Durham
Voting
7
18
:
150
bo.
Divco
9%
common—.——25c
~9
2.400
'
102%
12 %q
100
1,400
Distillers Co Ltd—
Am dep rets——.—
Burry B'scuit Corp...—
Butler
Feb
3%
21
Inc $3 preferred—...———*
Burma Corp
./
Feb
17
Jan
1%
5,000
'
Burco
7% Mar
600
common—
Convertible
$6 prior
17%
200
2%
_•
Sullivan
6% Feb
3'A
22%
Crystal Oil Refining
$6 preferred
8%
14%
1,800
21%
78
2.50
preferred—..
Hill
'
•
3'-«*
preferred
Cork International
Feb
20
•
...
100% Mar
800
Liquidating Co——
Detroit
S
Buckeye Pipe Line.——————*
Buffalo Niagara & East Power—
Feb
Feb
400
•
..
Petroleum—
6%
.....—1
common...,
102
14'A
68%
Feb
1%
$5 prior preferred—
Brown Ruboer Co common..'
—
Jan
105
Jan
Feb
15%
100
16%
22
Jan
14%
1%
Lighting
%
~4
1
Mar
99%
34%
&
Curtis
77%
Brown Forman Distillers...
103
Feb
A
.1
preferred—————*
'
11}
40
Crown Drug Co common—.—
3% Jan
Feb
12%
100
14
16%
16%
Brown Fence & Wire common—.
10% Mar
Jan
1,000
8%
20
7%
*
common——...—
13%
20
1
109% Mar
8% Jan
85 'A
10%
—
-—•
50
—-————
Tobacco
22
18
*
——
ft Mar
14
,
.
•
Cuban
6%
325
105%
14
dep rets ord reg—_—— ..10s
Class B
8'A Mar
,
13'A
/■'
•
.1
Feb
12%
Jan
800
104
British Columbia Power class A——*
.;>■
7%
20
/.'•;•
w-
:
———10
Sugar....———5
:
-v
7'A
—..100
Atlantic
1%
—_£1
—£1
dep rects ord bearer
Am dep rets ord reg—i
British Celanese Ltd—
Jan
70
66
Cuban
3% Mar
Jan
101
*
—*
—.*
Tobacco—
Am
92'A
1,000
10%
,
.'
20% Mar
a
A—i—.—
British
3,600
10%
——lOo
preferred—
Petroleum
Crown
17% Mar
Jan
9%
: <*->■-
...—..——.100
—
Class
107'A 1097/b
'
113%
*
Croft Brewing Co.
...—.———1
Crowley Milner & Co;
—
—•
Crown Cent Petrol (Md)
——-.5
C W
Jan
21%
11%
11 %
preferred
—..—.100
Brillo Mfg Co common—
•
Co—
American dep
% Mar
S',18% Jan
,9% Jan
••?m3Jan
1,300
2%
.
3.800
11%
1%
17% Mar
34
Courtaulds Ltd—
: Creole
26% Mar
-
Jan
1
1.700
2%
19%
—
;
Mar
105
Jan
Jan
500
26%
24
500
26%
80
200
99% 101%
19%
B—
Feb
*
convertible
5%
11% Mar
11%
—
13%
1
Co—
Inc d-——
Cosden
14% Mar
10
•
A—...
17%
y-V'V: 8%
Reynolds—
$6 preferred A————
Jan
14
common....1
class
Corp
prior
Cor? yon
4 8'A Mar
Jan
10
Bridgeport Oil Co——...
16
—1
Copper Range Co—i
Cornucopia Gold Mines
7% Mar
700
Bridgeport Gas Light- Co..—
Brill
27% Mar
4
......1
; Coro
Feb
6%
Aeronautical..—.,—...—1
Jan
;
Jan
:
Jan
'
Brewster
Jan
%
Utilities—
7%
Jan
14%
% Jan
5,600
1
•
*7% "7%
7%
2%
Brazilian Traction Lgt & Pwr.—..
Jan
Z'-':■
100
..100
Textile
Mar
-
.
preferred
Biscuit
93
'A
Southern. warrants-
extended to 1946—
c
Consol
i
Jan
Jan
'
V Breeze Corp
t
Jan
6%
preferred—
.—.100
Consolidated Royalty Oil—..—10
Consolidated Steel Corp.————. *
4% Mar
34
12
preferred—
2d
&
Mar
17%
'
——25
Arms..—
Feb
102
82
400
Jan
Jan
1,000
Electric^—
Cook Paint & Varnish Co—
2%
U
13
1st preferred—.—.—.—..100
7%
$5
225
8'A
ft
"7%
preference —1———_100
Continental Roll & Steel..
127%
*
Bowman-Biltmore common—.
Fire
Patent
Jan
10
VlHv
1
Blue Ridge Corp. common.——.—1
$3 optional convertible preferred
•
Blumenthal iS) Si Co.
—•
Bohack (H C) Co common...
—•
7 % 1st preferred—
...——100
Borne Scrymser Co————..25
Bourjois Inc...——-—.-.—..—
_•
Jan
14%
98
Iron warrants-——-
Feb
35% Mar
common
'87'
:
,*
14%
—.—..*:
common
Bliss (E W)
Jan
100% 101%
4%% series B preferred
4% preferred series C—
8% Mar
Jan
Feb
11,200
Bickfords Inc common:
Blauner's
7
4,450
25,400
■
Co..•
common—
23
33%
—1
Steel Fdy Si Mach Co com—•
% Mar
■
ft
:
Feb
Feb
:
27%
Mining & Smelt Ltd—5
Retail Stores—
1
4 >/4
3%
Hedges common——*
Birasboro
Co
14% Mar
Convertible
/
8 V.,;
108%
*
•
Consolidated
Jan
.
Jan
Feb
16%
Consolidated
3%
Jan
Mar
9% Feb
114
Mar
22
'!
■
Gas
129% 129%
4%
......100
preferred————.*
Berkey & Gay: Furniture.—^——.—-.1
150
92'A
If
—.—100
Corp.—
22%
Bellanca
1
100
%
Jan
99
26'A
Consolidated
5%
4% Mar
200
14%
convertible.preferred
20
Aircraft common.-———1
$1.50
'
7%
92
Feb
'15% Mar
Feb'
13
1,400
9%
Jan
6
Jan
Continental Gas & Electric Cc—
——10
common—
7%
Consol G E L P Bait common..—*
:
~
l'A
Baumann <L) common—————*
1% -1st preferred———.———100
Beau Brhmmel Ties.——
...—1
8% Mar
600
Jan
Jan
.
4%
8% Jan
4,300
8%
50 '
15%
4%
Basic Refractories Inc.....—..——1
%
6%
101% 102
Conn Gas & Coke Secur common.—*
Mar
3»A
Jan
*
12%
21
112'A Feb
%
6%
'
7%
7Vg Jan
6% Jan
400
Jan
Jan
97
•
■.
w'"-1' ••!*:
-1
Compo Shoe Machinery—
Feb
40%
8% Mar
3% Mar
300
6'A
Community Public Service.
—
25
Community Water Service———I
Jan
8% Mar
Feb
39 V2
7%
7
•
6%
350
•
Seelig
&
Barlow
12,800
7%
40
16'A Mar
10
180
9%
w~V.;.V
■
,
Mining——I.
Utensil
Plow
Commonwealth
•
warrants for common—...
Purchase
Colt's
5%
Baldwin Locomotive-
7%
Aluminum
$3
24
Df<i—100
Co—
Coal
Consolidated
23%
8%
99'A
9%
Neon
Columbia Gas"&
B
Babcock & Wilcox Co—
Controller
Colorado Fuel &
10% Jan
25
8
98
Development ordinary——.—..
Colonial Airlines....
——1
-
9'A Jan
300
10'A
7%
preferred——.—,
preferred B_——...——
Cockshutt
5 % Mar
.
8% Feb
21% Feb
2,400
3,100
-1
Colon
Mar
5
Feb
4%
:
.
'•.*
W-. '
100
*3%
8
pfd—100
Weather Strip Co—5
Consolidated
Club
'
4%
Produeis———.1
Machine...^—-j*
Avery (B F> & 8ons common——.5
6fe preferred...—r——...—25
Ayrshire Patoka Collieries—....1
Voting
Power 5%
Power & Light
Clinchfield
Feb
7%
2
7%
York
Cleveland Tractor common...————•
Jan
5%
*
"1%
11%
3" %
Lights Inc
—
— 1
Clayton & Lambert Mfg——
—-4
Cleveland Electric Illuminating.—•
Feb
8
Feb
Jan
21
A'rcraft Co..—.——1
Claude
Mar
44
111
12%
13% Jan
Feb
Jan
31
Feb
8
Feb
80
:
116
8%
2'A Mar
::
/
114'A Mar
7'A Jan
'
Automatic
Automatic
8%
2,700
'V
•
Forge -common
8
Plywood Cprp————1
Atlas
Jan
11%
<
48% Jaq
7% Jan
•
Corp————1
Rayon
2'A Mar
•
•«'.
Atlanta Birm & Coast RR (Jo pfd—100
Atlantic Coast fisheries—.——
.-1
1%
Jan
Corp common—.^———10
7'A Mar
Jan
v
700
1°6
Jan
%
1
dep rects reg..——JE1
7% .Jan
47
7,300
99'A
Clark
'
Associated Electric Industries—
American
70
8% Mar
preferred——v.—.——*
City Auto Stamping————♦
City & Suburban Homes..:
—10
n
Jan
9%
5% Jan
v
9
Mar
400
$6
Jan
7% Jan
;
Feb
9
^9
16'A
$6 preferred BB.
——————
Cities Service P & L $7 preferred....*
10% Mar
;'.r '7% Mar
900
2,400
25
47
15%
15%
•
Ohio Steer Products——
60c
4% Mar
106%
Feb
10
New
$6
4% Mar
Jan
Feb
13% Mar
"9
"3%
Feb
Mar
110
Jan
50
Jan
18%
Jan
Jan
2
Jan
1
com
Childs Co preferred—
—
100
Cities Service common—10
Jan
3
144
Js.n
12'A
—
Chief
Mar
3%
Feb
Jan
9%
Co..————1
Jan
106%
7%
Atlas ,Corp warrants———————
i
2% Mar
■V; 9%
Atlas Drop
;
100
30
Atlantic Coast Line
:i
6
10'A
10
Associated Tel si Tel class A.——.*
,
4V8 Mar
Jan
101% 102
Associated Laundries of America—....•
,
Jan
4'/b
2%
4
3%
10
3%
400
3%
3%
3%
3%
600
no
110
110
Jan
2,000
Jan
1%
125
Cherry-Burrell common..—.
._5
Chesebrough Mfg———25
Chicago Flexible Shaft Co.
5
Chicago Rivet Si Mach
.——.4
18% Jan
5%
Feb
4% Mar
108% Jan
1
common....——
Chamoerlin Metal
ft Jan
111
Jan
4%
1,300
VVV: 114% 114%
preferred-j*
Corp
Charis
Associated Breweries'x>£ Canada—.—.*
•
f
Jan
2%
Works :common...—.—..5
Ashland Oil & Refining
1
14
3%
preferred———————u.^lO
preferred.*
Equipment Corp new—
.2,50
Art Metal
Jan
Jan
3%
'6 %
■
%
13%
47
:■
Products—...—.———
..*
(A M) & Co
—10
Cessna
Jan
105%
16%
16%
V":'--'-. ■■■■'■
4%
12,000
ft
108
108
Mar
100
%
'
Arkansas Power: & Light $7
v
4
4
ft
preferred——.—
*
$(3 series preferred——
——•
American Thread 5%' preferred——.5
American Writing Paper common.—*
Anchor Post Fence..——
—2
Angostura-Wupperman .——
—1
Apex-Elec Mfg Co common——
•
Appalachian Elec Pwr 4 % % pfd—100
Arkansas Natural Gas common..—.—*
Common class A nonvoting——•
■
'
;:S. 4
$6
1st
13%
12%
13%
Republics—..—10
Seal-Kap common..
—2
~2
X23
47
Central & South West Utilities..—-50c
13% Mar
100
American
Corp
Central
46% Mar
American
•
Central
1% Mar
Jan
-,.:;Vv
Central
Feb
91
Jan
22%
class A
Co
:
of America—.......1
Central Hudson Gas & Elec com.——*
'
1%
1%
Co————1
Co————-*
Potash & Chemical————•
Maracaibo
&
~
Catalm
Feb
American Meter
144
—♦
"1%
13 %
"ire
——.1
Products.
(J W) Co
Castle
28% Mar
Jan
4% Feb
4% Mar
——*
Casoo
26% Jan
26
preferred—.——23
Mfg Co common———100
Preferred —:——
——.—100
6%
American
voting—
Carter
Mar
3£18
City
Carrier
18% Mar
Mar
18%
17
-
250
21
'
Jan
550
Hi-*
Jan
Alcohol-
Carolina Power & Light $7
$6 preferred—
Mar
43%
17
27%
Low
21
V
:
Class B ..............e
6% Mar
•37
28%
.16%
;.T-
Carnation Co common.—.—.*
Jan
110% Mar
Jan
34%
41'A
37
5%
450
6%
6
36%
Range since January 1
High
preferred———......100
Carman
16% Mar
26%
27%
Laundry Mach—
20
American Light & Trac common—25
American
Jan
200
'■
American
;
1%
4,400
6
23
American Hard Rubber Co-——
Jan
1
16%
36%
convertible
$2
1%
Capital
Feb
28%
109% 110%
110%
preferred———_1
$2.50 convertible preferred—_.t——I
/■'
41%
,28
28%
Electric.,—.———10
4% %
preferred—.—.,
100
American General Corp common—.lOe
Industrial
Canadian Marconi—.*
Feb
16%
&
Gas
American
LOW
Shares
Canadian Industries Ltd—
2% Mar
45
37% Mar
9,300
1%
1%
l'A
*
common
Sales
for Week
Range
of Prices
Par-
preference—i, ..—25
Class B non
41% Mar 1
Feb
Feb
4,100
40%
38%
Canaaiau
,44% Man
Jan
1%
American
39%
Participating
7% Mar
3 8'A Jan
38%
■
Cyanamid class A——10
Class B non-voting—————10
American & Foreign Power warrants-
■'
Mar
,
Last
Sale Price
Canadian Car & Foundry Ltd—
2% Mar
33
Week's
Friday
Exchange
Class A voting——*
200
42%
Ai'———,—25
—————25
———1
class
Convertible
Jan
400
7%
6%
6%
1
Mfg.—
Power
Curb
Week Ended March 24
H ton
1 l/a
33
32%
33
Low
800
2'A
2Ve
American
New York
Range since January 1
Shares
Hlah
Low
:
siou tv s
6»tes
for Week
Of Prices
Sale Price
1269
Mar
■
Mar
Mar
Monday, March 27, 1944
FINANCIAL CHRONICLE
COMMERCIAL &
THE
1270
CURB EXCHANGE
NEW YORK
Ended March
Week
Par
preferred series A
preferred series B
$7
$6
$5
Stores
—:
Electric Bond & Share common
$5 preferred
$6 preferred
Grocery
Economy
common.—
convertible preferred
Equity Corp
$3
'
Feb
48%
Jan
6
Jan
5
1,400
57/a
10% Mar
92
83%
Jan
93% Mar
88%
Jan
95
Jan
65 % Mar
7%
1,000
3,700
92%
93%
94%
59%
61
47
400
% Mar
900
%
10% Mar
Mar
33
Jan
Jan
Feb
42% Mar
50
8%
Jan
~Vk
--
/4
37
0 /2 ' "
"I Ms
4,000
1 %
Mar
36%
37
900
31%
Jan
1,100
4%
Jan
5%
Jan
31% Mar
31%
Feb
-*
5 Ma
5%
10% Mar
international Minerals
Mar
1 %
Warrants
Mar
37
common—————*
Fairchild Camera
Fairchild Engine
1
1
Metallurgical.,
Fansteel
Co—25
10
& Warehouse
Federal Compress
Association (Phila)
Co Ltd— Y.
dep rets ord reg
Motor of Canada—
Fire
Ford Motor
A
Class
12%
16 M»
17%
1,500
1,400
14%
Feb
6M4
500
5%
Jan
6
Mar
63
Jan
Feb
20%
Jan
21% Mar
3%
.g
16%
--
14
A'r4
43
—--
preferred
Co common
5%
Gellman Mfg
Feb
Jan
General Alloys Co
Electric Co Ltd—
dep rets ord reg
Gen
18
7%
Feb
45
x68
preferred series A
10
5%
preferred
$5
(A C)
Gilbert
.
Gilchrist
3
Feb
1%
Feb
preferred
Consolidated
Mfg Co
Gorham Inc class A
$3
preferred
Feb
8
Jan
Mines.
!
Goodman
Gray Mfg Co
Great Atlantic
Non-voting
Greenfield Tap & Die
Products
Stores
Grocery
77% Mar
Jan
83
8Mb
Jan
11-, Mar
47
41%
Jan
47
112
100
112 Mi
Jan
Jan (
'
''
9%
Jan
Feb
11% Mar
Feb
13% Mar
15%
37%
Jan
40% Mar
Feb
4,100
10% Mar
Jan
Jan
104
Jan
%
Jan
Jan
6"%
Feb
56
Jan
68
Feb
30%
Feb
32
Jan
7
Mar
4%
Jan
7
6%
11
Jan
Feb
11%
93% Mar
84
93%
136
Kresge
4%
RR (N J)
Lake Shore Mines Ltd
Lakey Foundry &
Feb
100
25
Y 18
Corp
Lionel
10%
Feb
Jan
! 17 Ma
Jan
Feb
111%
Feb
56
Jan
66
Feb
45%
~2% ~2%
*2% /
5
Jan
55
Feb
2%
Feb
3
4Mb
Jan
5% Mar
r
5
;
1,300
6,000
5%
,
J3 Mar
Feb
Jan
20
Jan
100% Jan
106
Mar
16
104
60
106
104
-■
Feb
Jan
Jan
110
Mar
5%
Lamp
Dept Stores common
Hearn
Mining
Hecia
Co
Holt & Co participating A
common
112% Mar
common
;
(Geo A) & Co common.
Hormel
Co common
& Hardart Baking Co..
& Hardart
(A C)
Horn
Horn
Horn
—
preferred
5%
Hubbell
(Harvey) Inc
Humble Oil
& Refining
Hummel-Ross
Hussmann
Fibre
_
1%
Feb
3%
Feb
5%
Jan
Jan
28
..4%
400
3%
Jan
43%
200
41%
Jan
7%
2,100
6%
Jan
14 Va
50
12%
12%
100
12
12
~9%
~8% ~9%
<
Feb,
95
Feb
12%
1
84Ms
150
93%
93%
100
10
45%-
.....100
1
—
13%
Feb
13
Mar
1st preferred
...
Hydro-Electric Securities
Hygrade Food Products
6% Mar
1
37 '
Chain
Star Gas Corp new
.
Feb
15
Jan
3
Jan
2%
Jan
2%
1,500
2%
Jan
y.'iy.,
105%
12%
26%
2,100
9%
•~3%' ~5%
1,000
3
35%
270
25
v
12%
26
34%
munication
Margay
Jan
lVb
Jan
27%
Jan
29%
Jan
200
10%
Jan
11% Mar
10%
Feb
11%
Feb
24% Mar
1%
Jan
2 % Mar
YY.':
2%
200
400
8%
-
10,700
15
8%
'%•
66%58%
58%
Jan
44
Mass
7% Mar
Jan
14% Mar
11%
Jan
12% Mar
Jan
10% Mar
26
Jan
27%
Jan
12
Mar
14%
Feb
15%
15%
200
14%
Jan
100
20
Feb
28%
29%
24;
Feb
30% Feb
9%
9%
1.100
69 V* Mar
61%
Feb
7%
Jan
Jan
13
100
35
35
20
Merrltt Chapman
Warrants
13
Jan
36
33
Mar
Jan
4% Mar
Participating
25%
J an
Jan
26% Mar
111%
Feb
20%
20%
200
18%
Feb
20% Mar
42%
43%
4,200
38%
Jan
43% Mar
Jan
5% Mar
4
conv
Dividend
6%
50
*
5
Illinois
For
•
common
,..50
preferred
arrear
Zinc
ctfs
_
1,300
ZZTJ
Co
footnotes
see
page
—
1273.
k%
46
12%
tt
1 Va
4
Jan
8% Mar
2%
Jan
3%
20%
Jan
22%
Feb
Middle
West
13
6%
46
12%
10%
6%
46%
13
11%
4%
43%
9%
9%
Jan
Jan
Jan
Feb
Feb
46% Mar
14% Feb
11%
YY
i y2 ■•5-1%"
3
•'
>.
i
'.C.
:>■
"
500
•
'■
2%'
2%
5 %'•:
5%':
5 %' •'
•
—I.' -Z
.•
•.
67/8
1
•
Corp common......
6%''
-
„1
;
—8
'
67/8 J'
■i:
400
67b
•'
'.>■
6%'
-•.10'
2% ' ?"':2%
5
10%''" "10%
•
.
300
•
2,000
vH
<7 Va-''
10% :
1,000
1,400
2%
3.100
•11%
20.200
--
10;'
preferred—*
10
200
Jan
tt
Mar
:■■■■■
-
$2 non-cum
Jan
Midwest
Products— f
dividend shares
•,
21%
21%
200
21%
•
25
25%
275
25
■'
Co common
Oil
Co
Piping &
,
Supply
Mid-West Refineries
of Canada
Mining & Mfg
Mining Corp
Minnesota
4
1
1%
2
1.200
8%
50
1
Abrasive
8%
2,600
16 V2
16%
100
2%
2%
900
6.
Jan
5M4
Jan.
8:
Jan
.
56%
58
—
575
Mar
!;
3%
5%
-
YY
Jan
Feb
H Feb
7%
v
...
Feb"'
.7% Mar,
..•10Me Mar
1%
Jan
2% Mar
9 Mb
Jan
11% Mar
9
Jan
10
Mar
20
Jan
2IM2 Mar
24 M2
Jan
,26% Feb
1%
Jan
2M4
Jan
8 Ms Mar
8Mb
Jan
15%
Jan
2%
Feb
2M2 Mar
IMa Mar
1]| Jan
•
•
Jan
114
■
2% Mar
4%
•
•
y.i
••*«%••
■
Ja n
iio-" "
Jap
Mar
3
.
36
Jan
'
10
114
Feb
Jan
1%
Jan
36
Feb
8
IM4
103 M2
Jan
2%
' 200
r
i,.
Y
Mary
1V4
2,000
,r;; '■}
3
99 Ma
'
v-
52 Ma Mar
Jan
Jan
100
99%
99%
Jan
4 Ma Mar
Jan
6
!.;•;/;• 600
Feb
150 •/ Mar
Jan
Mar
Midvale
7%
67/8
41
50
Jan
4 Ma
10%
Jan
Jan
3M4
-4 •Y 2,300
4
50% *
7%
Mar
138V"
pet,
I Ma-Mar
Jan
8 Ma
170
149
6%
1%. "
Petroleum class, A v t c.l
Midland Oil Corp $2 conv
2,300
3%
i
'':'tYv-
...
...
9%
:,2Va
:
7
Feb
6 Ma
1.400
50%
—1
Co..;,
vtc__
B
Midland Steel
~9% Jaij
0;
25c
preferred
7 %;;
4%
■/,.
Jan
\i Jan
100
7%
148
'
15
1%
8%
8V2'
4%
4.100
Jan
26
—
100
YY
3%
;•
6"%
j
5 %
1%
:.Y
•
—_10Q;
^
Micromatic Hone Corp:
Class
Feb
Feb
33
19
YV
:Ay '-A:'1
■vt 5%
cs-.:
'
1
_
Middle States
Feb
Y:i.-
'■
Preferred—
Jan
h .:
—v;:Y;.
V
Corp new... —
—2.50
Steel ;Tube_.____.
...
*
Michigan Sugar
8 Ma Mar
Jan
81
33/
*
'
preferred^i..—
Metropolitan Edison $6
Midwest
5%
Y;1''-1''' rv'
& Scott———,
Michigan Bumper
Mid-West
Illinois Power Co
y,
•
;
2 Mb Mar
Feb
81
'—
•'l*''
Y
•
;
Textile Corp_____^Y.i___
Metal
111
2,500
'•
—
«
Com-
Messabi Iron Co.
Jan
Michigan
'
'
•
...
preferred
A
Jan
3% Jan
•»
V
•
15%
12% Mar
v
475
'•
.1
Harris common.. —...
McCord Radiator & Mfg B
•Y - •
McWilliams Dredging—i..
»
Mead Johnson & Co..
:
5
Memphis Natural Gas common..
——•
Mercantile Stores common.w.—
10%
14
50
14 •;
'
28% Mar
Jan
5%
400
111% Mar
Jan
1%
1,200
Massey
Mar
'
12%
—
•
;
9% Mar
2,200
1%
8%
Y
Jan
27
200
8
■■
::
6% Peb
1..
Shovel——i.—
Utilities Association v t c
6Va%
14
42%
Yii":
16% Mar
20
22
20
'
■
Jan
Jan
Jan
109%
10
28%
27%
•
11,000
111% 111%
1%
'
51
49
.
.925
61 7
6%
'•"7
Feb
tt
470
65%" 69
Jan
Feb^.. • t.Y:: 16% Mar
8% Feb
,
■Jan
14,900
'
•
•
Feb
18%
Jan
18%
'?
l7/a
Co
Marine
Co Ltd
5V» Feb
•
W: 35 Va Mar
300
•
■
Oil Corp
,
5% Mar
Feb.;:,
'
■i Y. "
Marion Steam
4%
,
:
16V8
2%
16
•
Mapes Consolidated Mfg
Marconi
International
Feb
Mar
22%
optional warrants.
convertible preferred
Manischewitz (The B) Co
26% Mar
Jan
■;
5
common—10
$5
12J/a Mar
Jan
,7e
Y
28%
10%
10%
—;
Stores..
Mangel
Feb
110
8,100
ir
■\h
28%
Island Lighting common—
7% preferred class A
100
6% preferred class B__
..100
Louisiana Land & Exploration
1
Louisiana Power & Light $6 pfd—
•
Lynch Corp common
;
5
Manatl Sugar
3% Mar
Jan
5%
—»»
•j
Feb /;
21
150
*•'.
*
_•
•
487/e
Jan
v-A-v
25
preferred
Class A
'
Jan
12
620
6,100
13%
10
Groceterias
Jan
30
10
9%
9% Mar
7% Jan
>
800
46%*
45%
*?:■ 13%
"M 2%
.
50
I
1
Huyler's common
Mar
50
Jan
100
5
•
Co
23% Mar
Feb
7%
*,
•
1
*
•
100
5
•
Corp
Ligonier
Jan
5
1%
29%
•
Mar
8
2%
100
6
Jan
47
10
43%
8
•
Consolidated G M
Holophane Co
Horder's Inc
4
2.50
10
Heyden Chemical common
Hoe (R) & Co class A
Hollinger
3%
6
•
—.2
25
•
5
common
Hewitt Rubber
-3%
900
.
Preferred
Henry
1,800
29%
25o
Co
Class A
Heller
49%
1%
1%'
50
;
Rubinstein...
Helena
19% Mar
250
14%
preferred
6%
Jan
5
•
5
Corp
Hazeltine
Jan
-' Mar
9
Feb
8 Ma
Jan
16% Mar
12 Ms Mar
Mar
12
Y
Jan
%
15 %
Long
4%
500
Feb
124
Jan.
111.M4
1
♦
100
—
Locke Steel
Lone
111%
49%
18% Mar
Jan ;
.
Mar
X104
9 Ms
100
Machine
Lipton (Thos J) Inc 6%
Lit Brothers common
Jan
3% Mar
23%
98 % Mar ■
Y
Jan
,
..;! 9% Mar.
..5
Lane Bryant 1% preferred
100
Lane Wells Co common
1
Langendorf United Bakeries class A..*
Class
B
•
Lefcourt Realty common—1
;
Convertible preferred
•
Leonard Oil Development—:
I
25
Le Tourneau (R G) Inc
1
Line Material Co..
;
—
.5
Jan
6%
22%
94 M4 Mar
Feb
92
2o:-'
of Delaware
Corp
Lamson
Mar
109
8
Hamilton
Co Ltd—.—
*
Hammermill Paper
10
Hartford Electric Light
25
Hartford Rayon voting trust ctfs
1
Harvard Brewing Co
1
Hat Corp of America B non-vot com—1
7Mf Feb
87%
20
Jan
3%
Y2% Mar
:
—100
Brewing
Lackawanna
7%
3%
Co
Bridge
1% Mar
Jan *■
2%
-
Hall
Mar
9
Ma Jan
* i,
:
special preferred.
Co
(S H)
Kreuger
33%
7%
in
j.:
200
"
Co 6% preferred
Dept Stores—
convertible 1st preferred
Kress
Feb
29%
7%
lio
Jan
20M4 Mar
Jan
7 M4, Jan
103%
18%
18%
Koppers
Jan
132
;
33%
3%
•
*
17 Mb
150
98% ..98'/a
Inc
Stores
Loblaw
135
33
Mar
16
10 Ma
32
135..
Ma
900
1%
IMa
"
1
'9
8%
!'
''
■-
20% V:
20
v-'
Feb
12% Jan
Av% Mar
'
■
Jan
25 %
Jan
7 ...;
YiY 500
J,* - v:
'
1Mb
Feb
x25
9% 10«
Mar
Y'Yl" Y: Feb:
' -;
Feb
-
48
:
112% Jan
'51% Mar
Y';'
68
90%
92%
Feb
'
105%- Feb
15 J Mar
10%
6
Mar
51 Ma Mar
1
15 Ma
9%
.
Jan
44
300
;:'rlY;YY
1
YM
Jan
28
24 Mb
50
Jan
>' Mar
Feb
200-*- -10 Mi
15
31%
'
2% Mar
75%
68
10%
Mar
1
100
5%
.•
States
$6
Jan
Mar
%
common—25c
Utilities $5.50 pfd
preferred
Gypsum Lime & Alabastine
Gulf
Kobacker
120
10%
100
25
•
Paper
Northern
Great
Mar
100
14 Mb
*
stock
Jan
90
11
.
31%
200
47
103%
Knott Corp common
81 Ma
'•
& Pacific Tea—
common
Mar
Feb
-
0
preferred..
1st
7 %
118
74
V''
■
10
1
?
8% Feb
17% Mar
Jan
.79 Ms
■
•
Gorham Mfg common
'Grand Rapids Varnish
Mar
4
14% Jan
__
•
1
50
•
$7
Goldfield
26%
2,1
preferred D
100
Products—
1
Kirby Petroleum
1
Kirkland Lake G M Co Ltd
—1
Klein (D Emil) Co common.—
•
Kleinert (I B) Rubber Co———;10
Feb
13%
Jan
3 Ma
100%
♦
B
263/4
J
5%
1%
11
10%
A
%
264
Kingston
12 Ms
..
Class
Kings
1,200
2Mb
80%
—•
class A
Godchaux Sugars
21 Ma
A Mar
preferred—100
8
A
*
pfd
Co Lighting 1% pfd B
1
•
Coal
Aldeu
Glen
Jan
'
_•
Co
Gladding McBean &
18% Mar
47
*
Kimberly-Clark 6%
1,300
'Y-M'
——
•
•
Co
Jan
it Jan
30
'
•
common
Preferred
73
100
90
14 Ma
600
3,600
5%% pfd.
7%
& Elec
1Mb
—'
Feb
2
Jan
%
■
^
Jan
1V8
'
20%
20
~
—
Feb
115
47
1%
700
Jan
8 Ma Mar
7% Jan
'Co—-
Key Co common—...
200
,
17%
112
1,000
19
Jan
Jan
Jan
■
1%
•
•
preferred
Georgia Power $6
8Mb
19%
17 Mi
Feb
8
300
Mi
4
90
17. Mb
7%
;
17% Jan
!
3
Feb
^ '
■
17 Ms
20O
;5
70%
13 Ma'
16%
•
Gen
Jas & Elec $6 preferred B
*
General Outdoor Adv 6% pfd...
100
General Public Service $6 preferred
•
General Rayon Co A stock!
•
General Shareholdings Corp com
1
$6 convertible preferred
•
Gen Water Gas & Electric common
1
$3
preferred
•
General Fireproofing common.—.
4,300
'■(
9% Mar
7% Jan
9,000
18 Mb
Mar
; -- •
General Finance Corp common
Feb
Feb
Mar
Jan
—
4
3%
15%
3 '
121%
"2
13%
,10% Mar
Jan
15% Jan
5 9%
preferred
& Kokenge Co
Julian
14% Mar
Jan
37
58
—
£1
1
Amer
7Ms Jan
Y.
■
17%
preferred.;.—.——Y-—.
6%
Jan
4
10%
i-'Yv
"2 Ma
600
17% Mar
300
Central Pwr & Lt
Jersey
Kansas Gas
•
100
1
•
2,300
3%
1%
•
Jeannette Glass Co
preferred....—.—100
Co common.—
9 Ma
3%
'8%
':
Jan
14% Jan
.
.9%
__
84
3,500
7%
Power
600
17%
■
Feb
A————
Kennedy's Inc
Ken-Pad Tube & Lamp
Gatineau
1,025
17%
;--YY 'v'' 1
Mar
2,100
52 % Mar
16% Mar
x68
X66
83%
16Mb
Jan
32
77 Ma
82
.
Feb
.Jan
27
375
32
29
IM4
Engine Co.———
Jacobs Aircraft
Jan
2%
Jan
Mar
3
3%
16%
14%
43%
3 V2
Feb
Jan
Jacobs' (F Ljr
2
45
—
1Mb
4% Feb
4%
19%
—
200
gv
B
Italian Superpower
19%
*
Co
$3 conv stock..
K% convertible
Feb
7%
100
,
(Geo A)
Mar
18
1,100
4%
of France—
rets bearer
dep
15 Va Mar
Jan
60
30
63
4%
Brewing Co
5
Franklin Co Distilling
—.—1
Frpedtert Grain & Malt common
1
Fuller
3,300
62%
(Peter)
Fox
Jan
2Mb
62%
L:—*
*
B voting
Ford Motor
Amer
Jan
70
IMa
Feb
66M2
Jan
"3 Ml
—*
$3.50 prior preferred—
-*
Interstate Home Equipment
--1
Interstate Hosiery Mills———i
•
Interstate Power $7 preferred
.—*
Investors Royalty
——-1
Iron Fireman Mfg voting trust ctfs—_•
Irving Air Chute
V
Feb
2%
15 Ma
2
fl
non-voting
Class
9%
Jan
1%
—"*
Am
Ford
7% Jan
147/a
--
—-»
Mfg Co
Fedders
16 %
*
Brewing
Falstaff
8%
2%
"
& Inst Co
& Airplane
1,800
9 Ma
8%
Jan
46%
17%
preferred
$1.75
42 Ma
120
IMa
83 Ma
—•
10
110 >■ Jan
Mar
120
54'%'
32
shs__*
shares—...
International Products
International Safety Razor B
International Utility class A
Class
.'106
53 Ma
53
1Mb
;—
Registered
Feb
23% Mar
y
Feb
50 M4
;
53
1
A——•
and Chemicals—
—
10
22 Mi
210
108 Ms 109
.
50 M4
;
50
International Petroleum coupon
i
Mar
23
Feb
18%
400
21%
21
109
International Industries Inc
International Metal Industries
42%
Jan
Jan
400
9
International Hydro Electric—
Preferred $3.50 series
44
10%
103 %
Feb
11%
23 Mb
23%
23 T a
£1/
116
8% Jan:
Jan
3,100
10%
Jan
30
125
33
33
Jan
Jan
12 M4
9
100
Industrial Finance v t c common——1
7%
preferred
—100
Insurance Co of North America
10
International Cigar Machine
•
1% Mar
Feb
8%
5%
12 Mi
ll%
11%
preferred
7 %
Jan
11% Mar
11%
11 %
•
•
5
&
High
Low
High
5%
£1
1
Range since January
Shares
of Prices
Lew
Indianapolis P & L 5%% preferred.100
Indiana Service 6% preferred—.—100
Feb
Sales
tor Week
Range
Last
Sale Price
Par
Ireland
15% Mar
Jan
59,900
10
42%
50
Line common
Inc
Eversharp
35% Jan
10
1
Esquire
Eureka Pipe
800
9 MB
--5
Equipment
Derrick &
46
!. :
Imperial Chemical Industries—
Am dep rets regis
Imperial Oil (Can) coupon
Registered :
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
1
Jan
40% Feb
40% Feb
15% Mar
--
pfd -100
participating stock
Power
Empire
Emsco
33% Jan
"
-1
15
--J
Electric Mfg—
District Electric 6%
Empire
375
5%
9%
®2 ■
J4: f*
—
National Watch Co
Emerson
38%
%
warrants
Electrographtc Corp
Option
Elgin
33%
*9%
--
Light 2d pfd A
Power &
Electric
■
Jan
150
44%
45
5%
1
•
*
5
'
B
Washing Machine
Easy
% Mar
700
.
38
37
37
Eastern Sugar
%
%
37%
37 Va
—*
Associates—
preferred v t c
High
Low
High
Low
.
v
.
•■;!
.
•
•
States Corp
Eastern
1
since January
Range
Shares
of Prices
Sale Price
24
for Week
Range
Last
'•
Curb Exchange
York
New
Curb Exchange
Week Ended March 24
York
New
Week's
Friday
STOCKS
Friday
8IOGK8
Sales
Week'i
52
Mar
17
58
Jan
Mar
Volume
1271
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4267
159
NEW YORK CURB EXCHANGE
Friday
Week Ended March 24
;'AAAA^>AA." /'» A>A V
Minnesota
Pwr &
pfd
Mississippi River Power 6%
pfd
■
*
100
100
Missouri Public Service common
—
•
2.50
1
21%
Monarch Machine Tool
Pictures
1
—
..
;
Mountain States Tel & Tel
Feb
\
Jan
18% Feb
50
9%
1% Mar
Jan
6
Jan
Feb
21
Mar
Jan
131
Feb
128'/a
Jan
16
Jan
Mar
,
Jan '
80
Co
& Lambert
Premier Gold Mining
Prentice-Hall
10% Mar
Jail
64
—100
Pratt
America
of Nevada.
Corp
Producers
common
of
Metals
Pressed
Mar
Inc
Prosperity Co class B
33 %
Jan
Feb
7%
Jan
22%
Jan
2914 Mar
15%
600
12 %
Jan
17%
Jan
1%
1%
2,000
1%
Jan
2%
Jan
7%
8'A
7,100
7
Jan
814 Mar
40%
61%
Jan
55%
490
62%
61%
.
Jan
40%
Jan
62% Mar
12%
Feb
105% Mar
1,600
102% 105%
Feb
4
300
3%
16%
16%
Jan
200
4
3%
14 Va
Jan
16% Mar
13%
3%
16%
Feb
15
Mar
314
Feb
2%
Jan
5%
Jan
Jan
6
Jan
26%
Jan
29
Jan
Jan
1
Jan
300
28%
28
28%
n
2
1,300
514
7
6,100
7'A
> 2%
2%
n
%
44 Va
44 Va
1,200
'
'
A"'••"''•
43
714 Mar
.
7%
V*
Ve
7%
Jan
7% Mar
a7*
100
44 Va Mar
Jan
1,000
7%
Jan
6Ve
10
■■■
1,000
7 V4
7%
7
A Jan
Jan
8
Jan
7% Mar
—
Gas
Providence
High
Jan
6%
17,100
29
/8,
5
*
-*
r~l
•
1
—1
*
of Canada
Power Corp
13Vsr Jan
6Va
300
10%
10
13%
11%
400
common
Alexander—
&
28
14%
——50
10
25
1
7.50
—10
25c
Polaris Mining Co——.
Powdrell
1%
—50
common
Pneumatic Scale
Jan
Jan
18
20
16
15:%;,
15'A
•
Jan
1%
700
Inc
Plough
Mar
31
5%
9,000
129% 129 Va
Muskegon Piston Ring.
Muskogee Co common——
preferred—
:
Feb
21
21
*
2 Va
6%
Jan
28%
6
5%
...
100
Murray Ohio Mfg Co
16%
31
"l% "l%
1"%
common—....5o
10
Mountain States Power common—•
Producers...
Mountain
17%
7%
173
28%
*
Meter-.
Pittsburgh & Lake Erie
Pittsburgh Metallurgical
Pittsburgh Plate Glass
Pleasant Valley Wine Co
V
Low
32
•
1
E RR
2% Mar
Range since January 1
600
6%
6 Va
6 Va
1
Ltd
Postage
Bess & L
Shares
Hiah
Low
•
Pitts
for Week
of Prices
—25
common
Mines
Gold
Pitney-Bowes
Mar
9
Mtge Bank of Col Am shs—--Mountain City Copper
1,000
75
16%
30%
17
Investors partic pfd————.*
Moody
Pioneer
'
Feb
pfd
Sales
Range
.vJ
Par
common
4'A Mar
xl67% Mar
180
168% 170
—.——•170
Montreal Light Heat & Power——*
Feb
7%
...10
Dakota Utilities...
Montana
'Montgomery Ward A~
Governor
Pierce
Feb
1%
—
Securities
10% Mar
22
Jan
2%
22
•4
Packing
Phoenix
19% Mar
Jan
15%
•.
Phillips
Jan
8%
8% Mar
:
■
■
J
:
3%
37/e
1
common
Society A
10
21 Ve
■
Monroe Loan
14
19%
9%
:-A;
—
l'
17%
19 Va
•
Voehringer common
Corp
Molybuenum
Monogram
Jan
■>
Co
Feb
114
Jan
8V2
'.;v
Last
Sale Price
21
•
Phila Electric Power 5%
Feb
100
Jan
Week's
Friday
Exchange
■'AAA>>>
High
109 Va
"
.
97%
10
100
100
—
Low
Curb
Week Ended March
Range since January 1
Shares
High
LOW
Par
New York
for Week
•
of Prices
Sale Price
:>
V
Light 7%
Mock Jud
Range
Exchange
STOCKS
Sales
Week's
Last
STOCKS
York Curb
New
,
8
Jan
Public Service of Colorado—
Nachman
—i»..——•
National Breweries
7°Io
16%
16 Va
14%
common
1
1%
1%
IVa
common..
•
Corp
Bellas Hess
National
National
$3
National Mfg &
National Refining
common
Sugar Refining
National
Tea
preferred
5%%
12
7
Mar
12%
100
10
11
500
10%
Jan
12%
12%
100
12% Mar
21
Jan
9
600
11%
Jan
1%
Feb
13/b
600
4%
4%
4,400
29%
400
26
Jan
111
20
111
Mar
87%
Feb
"7
1,500
4%
Jan
7
7
7
100
6%
Jan
7%
8%
9
700
5%
Jan
9
7
875
3
i-
Jan
~6%
«
Nestle Le Mitr Co class A
England Power Associates
6%
preferred
New
•
100
k,
Clock
Haven
Jan
9%
Jan
Red Bank Oil Co
7% Mar
.
60% Mar
20% Mar
Jan
35
—*
common———*
New Process Co common.—
N Y Auction Co
N
Y
N
6%
Water Service
A
Class B
optional warrants
Mines—
Ninissine
13% Mai-
Jan
Jan
lie
Mar
105% Mar
13
Jan
•17% Mar
Jan
111
170
67%
72 Va
2%
27/e
81%
82%
70 Va
.30
1/64
1/64
fe
7,000
1,800
6%
1,300
,
...
/s
....
•
6Ve
6%
Jan
3% Jan
2% Mar.
■
■
Cable Corp
Rome
$1.20 convertible
Ryan
Jan
Ryan
Jan
Ryerson & Haynes
Jan
13
Mar
Jan
9%
Jan
1%
Jan
2%
Feb
11V4
3V4
Jan
Jan
4%
Feb
11
Jan
13%
Jan
<
26,600
500
400
4%
Jan
6%
Jan
3,500
%
Jan
% Feb
.
la¬
Jan
114% Mar
1,525
30%
31
200
28%
Jan
31% Mar
31
200
28
Jan
31
"l
1,400
•%
300
4%
Jan-
7
Jan
—
5%
5%
5%
9%
10
9%
,103
7,500
>
2%
1st pfd
preferred
Lighting $5 preferred
A Pacific
Pacific
Pacific
1st
Power
pfd
& Light 7%
Public
I
Jan
•
,
1st preferred
>■'>' $1.30
Parker
•V
Co
Pen
Patchogue
Rig & Reel
Plymouth Mills
5% MaY
10
Mar
Jan
Jan
87
Jan
108
Mar
20
114
Feb
116
Mar
9,300
200
23
13%
12%
26%
;
13%
26%
26%
4
4
.
n
Jan
13% Mar
Jan
7%
4
3%
110 %
3%
21%
21
27% Mar
__
114
109
,
113
Jan
112
Peninsular
Telephone
'Jan
22%
;■
22%
22
Jan
18%
54%
54%
54
110% 111%
Mar.
118 %
Feb
112
Jan
Feb
15%
10%
Jan
12% Mar
2%
Feb
5V8
Jan
Jan
V19
Jan
A 18
200
700
—--
—
5Va
preferred
$1.40
A
22% Mar
Jan
£ 55% Mar
Jan
113
xll0% Mar
Jan
7% Mar
7
Mar
8
Feb
9
67/e
'■;>vA!;
•
Manufacturing
Scranton Electric $6 preferred
Scranton
Lace
Jan
8% Mar
Mar
13
14
Jan
Feb
$6
Penn
Gas &,
Elec class A com
Penn
Power
&
$6
Light $7 preferred
Steel
Co
;>■
3%
Bros Inc
preferred
Salt
Penn
Penn
Water
stock
$5.58 prior
Pepperell
Perfect
Mfg
Sentry
Safety Control
Shattuck
cum
Co
pfd series AAA
4% Mar
1%
.
1%
Jan
2,775
50%
Jan
500
27%
Jan
x32
Feb
26
Jan
68 V2
73
800
64
Feb
73
Mar
11%
12
900
3
2%
36%
Feb
Singer
Manufacturing Co
Jan
33
Jan
Singer
~i%
"l%
8%
6
100
19%.
82
■<8>A
1
..10
r
18%
•
5%
20
L
Feb
.
"A^.
■
Mar
Jan
8% Mar
Solar
Aircraft
Solar
Manufacturing Co
Sonotone
Soss
Co.
Corp
:
Manufacturing common
26% Mar
South Coast Corp common
Jan
18% Mar
South
Jan
42
34%
Jan
35%
Feb
Southwest
31%
Feb
33%
Jan
Southern
5%
Jan
24
Jan
4%
Jan
64%
37,100
Mar
82
9
Feb
Amer/ dep rets ord regis
City Gas & Elec 7V/- pfd
(Howard) Paper Mills—
16%
60
A
Smith
32
2,500
•
Sioux
Feb
Jan
7%
■
A
Feb
6
A
6% Mar
42
^ 5%
19
A^ J,
17%
Jan
105
Jan
Jan
80
10
A
40
5
•
14,200
;.V
'
\
200
8%
108
106% Mar
100
20
82
A
Jan
Penn
Oil
%
70% Mar
104
•
102% 104%
360
Jan
90
Jan
100
Mar
75
162
Mar
xl65
Feb
65%
850
•
see
page
129% 130
8
.
1273.
64 %
Jan
125
-
10 Vt
125
Jan
31
129%
1
footnotes
104% Mar
40
•
common
.
162% 163
63'
OO
Philadelphia Co
•>
Feb
97% 100
*
Pharis Tire & Rubber
For
94Va
1%
Jan
•
Jan
2% Mar
68
130%
33
Feb
3% Mar
Jan
42% Mar
1%
1
8%
8%
74
Jan
6%
>
2,000
Jan
8% Mar
200
■16%: Feb
17% Mar
1%
4,400
Jan
8%
6,500
74%
6%
Feb
150
67
Jan
>100
>
75 Ve
69
Jan
75 Ve Mar
Mar
Jan
Jan
4%
Jan
7% Mar
1,300
2%
Feb
3% Mar
127/e
300
12%
Jan
96
300
91%
Feb
300
3%
3%
12%
96
•••
•
12%
112
112
13
13
:
10
■
Jan
Jan
8 Ve
300
7
Jan
8% Mar
10%
900
9Va
Jan
10% Mar
& Bros
Spanish & General Corp—
Amer dep rets crd bearer
Amer dep rets ord regis
—
1
•
Feb
"
112
Mar
13%
Jan
Mar
97
115% Feb
12
Feb
13
Mar
13%
Feb
16
Jan
26
100
a
Jan
26
2%
60
252%
250
250
Jan
Jan
234
2%
Feb
Jan
108
12% Mar
"2% "3%
>
2%
900
Jan
Jan
2V2
275
Jan
;
Jan
3% Mar
111
Jan
13%
Feb
3% Mar
6
6%
2%
2%./
2,100
4%
4%
3%
100
::
Jan
6% Mar
Feb
2%
4%
4,500
2 Va
2 Ve
Jan
4% Mar
2 Va
6%
Jan
3 % Mar
Jan
•
1,100
42
43
28
28%
42
Mar
44 Va
Jan
100
28
Mar
30
Jan
37
42%
A:/;
Mar
43%
Jan
California
Spalding (A G)
1st preferred
II Feb
%
7
%
"7%
'
-
£1
Edison—
5%
original preferred
25
;. 6%
preferred B
25
5 % % preferred series C
25
Southern Colorado Power class A—25
7% preferred
100
Southern New England Telephone—100
Southern Phosphate Co
10
Southern Pipe Line
10
Southland Royalty Co
5
Mar
3%
100
%
7%
■>■:•:
—
10
Pipe Line
1 % Mai*
8% Mar
77
100
*
1
1
1
1
1
25
1% Mar
8%
73 % x75
.
1
12,100
Mar
Pa
12% Mar
Jan
17 %
8%
17
17
1%
Manufacturing Co Ltd—
'
Mar
2%
•
Jan
70% Mar
9%
200
2%
40
.—1
100
32%
Mar
3
24,900
30%
•
convertible preferred...
2% Mar
17% Mar
70 Vt
2%
—*
Simplicity Pattern common
: Feb
37
Feb
Jan
14
.
*
—5
•
25
100
common
Feb
2% Jan
32 > Jan
■:
600
156 Va
10% Mar
100
<•
Feb
Jan
66%
:
1
Shawinig'in Water & Power
Sherwin-Williams common
..5%
2%
"5%
Feb
8%
■
1,500
16%
--
...——1
Mining
Denn
10%
3%
2% Mar
Jan
11%
5
Serrick Corp class B
35
2% Mar
Circle Co
Jan
Feb
72%
—•
*
1
Seton Leather common
100
96%
162%
Co
5'A
2Ve
24
—25
...
500
6
Co
& Power Co
Feb
146
10,700
.'
Allotment certificates.—,
36%
Traffic Co
Mfg
Jan
30
1
Segal Lock & Hardware
Seiberling Rubber common
Selby Shoe Co
Selected Industries Inc common
Convertible stock
•
475
"2%
68
•
1
*
common
Securities Corp General
32%
106 y4107
•
100
•
Ppnn
Mar
9
Jan
4%
13,800
153
9%
10 m
"2%
*
preferred
Scullin
~4%
148
153
Brook Water Service—
32%
•
■
Jan
.
4V4
2% Mar
100.
"5
15%
•
series preferred
Jan
Mar
1%
•
common
Scranton Spring
35%
25
25
Pennsylvania Edison Co $5 series pfd_*
$2.80
Jan
6V4
5
2%
2%
—
*
1
-25
25
•
common
Sherwin-Williams of Canada
>>>> '•
25
.1
Pennroad Corp common
Feb
2%
Jan
3 Va
5%
2
5
2
107 y4 Mar
Jan
9
Feb
5% Mar
5% Mar
•
common
Mar
15%
0
9
*
Co—.
Scovill
114% Mar
Feb
115
■
116% 116%
Feb
21% Mar
>18% Jan
110% 110%
114
4%
Jan
108
«-
.1
Parkersburg
Jan
u
105 Ve
10
2 A
5%
*4%
5
Schulte (D A) common
Convertible preferred
104
•
♦
Page-Hersey Tubes common
Pantepec Oil of Venezuela Am shs
Paramount Motors Corp
3%
Jan
17%
2%
v
—
5
Mills
Sanford
Mar
■'•••"8t/
108
106
»'
Service
Feb
%'
100
12
12
12
—
preferred
..100
Salt Dome Oil Co...—i-i.---.--—1::
Samson United Corp common
1
Savoy Oil
Schiff Co
114% 114%
•
Pacific Gas & Elec 6%
5% %
■
1 Ve Mar
—
7%
Mar
140
--
106
5Q
f
111%
*
1—
1
common
Feb
2,300
--
--
- —
common———-1
Regis Paper common
St
.$3
Co
12% Mar
%
3,000
Simmons-Boardman Publications—
Can
Jan
2%
24% Mar
300
—
St Lawrence Corp Ltd———•
Class A $2 conv pref
—
—50
Silex
Pacific
Jan^'
30%
Mar
10%
31
•
*
100
Ohio Public Service 7% 1st pfd—100
6% 1st preferred
100
Oilstocks Ltd common
5
Oklahoma Natural Gas common
15
Securities
Feb
A Mar
106
)
Overseas
Jan
200
6% Mar
Jan
Seeman
prior preferred
Mar
49
Jan
1%
21%
v;
Feb
17% Mar
Mar
12%
6,600
107 V4 107 V4
—
—
Aeronautical Co.
——.1
Consolidated Petroleum—V
Jan
3*8
;A. in
1H
30%
-5
1
North Penn RR Co—.———50
Nor Indiana Public Service 6% pfd.100
7%
preferred
100
Northern States Power class A
25
Novadel-Agene Corp
—•————-•
conv
2,000
%
%
—
—
20
-*
2%
preferred..
Royalite Oil Co Ltd
Russeks.Fifth. Ave
83'A
4,500
J :i
5/„
78
Ill
Central Texas Oil
Northeast Airlines :
.1
$5%
x40V8
Jan
--
%
Roosevelt Field Inc.———5
Root Petroleum Co
..—-——1
77
Jan
5%
5%'
%
Northern
Oliver United Filters B
U
Feb
15%
48
--
--
--
Jan
Jan
x40'/a
300
27
2%
23%
12% 12%
4% *.{■*
13% 13%
1
1
4%
i6
300
%
-?
2
23 %
13%
pfd D_—100
Inc——„——*.
common
5
Feb
& Mar
5,100
"l%
1%
5
12%
12%
common..—.——.*
Omar Inc
25
—
Pendleton
Roeser &
Feh
9%
6% prior preferred—.
—50
American Utility Securities.—'•
preferred
—
—
Rochester Gas & Elec 6%
74 Va
105
12 Ve
North
$3
10/4 10
25/4
2 /a
23%
Stix Dry
66%
1/128 Feb
5%
Jan
15 % Mar
Jan
—
common—1
Ogden Corp common
Ohio Brass Co class B common
Ohio Edison $6 preferred
Ohio Power 4%% preferred
& Engineering
--
--
Aviation
Goods
.
*
Richfield Oil Corp. warrants—
Richmond Radiator—————1
Rio Grande Valley Gas Co v t c
1
Jan
75
Feb
64.
15,600
V 1,850
70
109%
640
2%
81 %
preferred.*.—.—————*
B
Jan
72%
North American Rayon class A——•
Class
Jan
11%
112%
10
100
•
North Amer Light & Power
$6
21%
90
900
Jan
Mar
26
100
200
16%
B—-.1
...
Mar'
10 % Mar
13%
15%
Electric.—»———1
Noma
4
Jan
25%
...
—
Mar
Jan
7%
109 Va 109%
—
preferred—..—,—100
A
Class
3%
100
35
Mar
13
15%
Niagara Share class B common——5
Nineteen Hundred Corp
200
0
114% 116
optional warrants
Niles-Bement-Pond
4
9%
35
25
*
—
116
preferred—.—.——100
2d
Class
100
100
pfd
Niagara Hudson Power common
5%
1st preferred
5%
Rice
—
%
,
1
•
5
1
Republic
Feb
■
—
—10
Power & Light 7%
Y
Jan
3%
102
..—...10
Honduras Rosario..
Merchandise
Y
Y
Reliance Electric
59 %
Jan
35
9%
^
preferred—100
:
$6 preferred^—i—
—•
N Y Shipbuilding Corp—
Founders ■ shares-.--————-1'
N Y State Electric Si Gas $5.10 pfd.100
N
19% Mar
Jan
2%
3 V2
-A
—
City Omnibus warrants
N Y &
N
35
18% Mar
55%
200
57
3
Jan
Jan
1%
1% Feb
12%
25
14% 14^
15/4,
—
Roller Bit Co_—
600
19%
55 Ve
•
...1
154
11,100
IV
,
106%
;
common
2,000
19%
57
3%
•
25
Zinc
75
20
—
10
Railway & Utility Investment A——1
Rath Packing Co. common——---10
Raymond Concrete Pile common..—...*
$3 convertible preferred—--——•
Raytheon Manufacturing common—50o
Voting
IVa
1%
Radlo-Keith-Orpheum option war»nt».
Railway & Light Securities
;
■.
Reed
New Mexico & Arizona Land
220
Jan
Mar
"
New Jersey
Feb
10 Va
"
New Idea Inc common
10
Jan
87% Feb
Feb
6%
Jan
Feb
Jan
114
104% Mar
100
8%
8%
•
Co
140
104% 105
100
Mar
100
29% Mar
Jan
18
Dreferred—
England Tel & Tel
1%
4%
Jan
47%
2,025
57%
56
13
73%
72 %
preferred—
Quebec Power Co
Feb
6
100
pfd————*
(Herman) Corp
;
5
Neptune Meter class A.
.._..*
14% Mar
Jan
152% 153
6^>
Feb
preferred
29
Jan
8Va
Quaker Oats common
12% Mar
1%
111
Jan
11%
10
Pyrene Manufacturing
Mar
•
Co
9314
<
Feb
8%
3%
275
500
14%
13%
Jan
Feb
•
Jan
Feb
30o
•
Nelson
$2
11%
18%
,
13'/8
99% 100
>'l
~
13% Jan
3,600
50
19% 21
M 9-^ :A9> ;
114%
Jan
12% Mar
Jan
10%
•
Jan
10 Va
11.
12
99%
•
—5
Timber..
Pyle-National Co common
Jan
Jan
12%
Nehl Corp 1st
New
Jan
4%
12%
Radio
Union
Nebraska Power 7%
New
58
11%
250
114 Va
19,900
12%
12%
1°
*
—,
preferred
$5 prior
Puget Sound Pulp &
Feb
Jan
15,200
A, 400
7
5%
Mar
13 % Mar
12%
Mines
National Tunnel &
Oil
11%
Common
Jan
42
12.50
National Transit
Navarro
54
11%
*
•
•
J•
•
10
National Rubber Machinery
National
53 %
35
Jan
13%
50
National Steel Car Ltd—
National
Jan
12%
..*
Stores common
Jan
30
Feb
600
50c
City Lines common
preferred
convertible
National Fuel Gas
1% Jan
Jan
Feb
25
—•
preferred
National Candy Co—
Jan
preferred
-——100
7% 1st preferred
100
Puget Sound Power & Light1st
6%
Feb
17
30%
29%
30
1%
1%
1%
32%
Jan
300
30
Feb
29%
Jan
31%
Feb
200
1%
Jan
1%
Feb
Jan
75
Feb
129 Va Mar
130
Jan
67
f->
9%
6% Mar
"9%
9 %
100
8%
Jan
9%
9%
10'A
800
9% Mar
10%
5% Mar
6%
2,100
50
%
—
6%
42%
%
100
% Mar
iro
r>
"ao
400
1/4
6 %
6 V8
—
'•
6 % Mar
42
Jan
40
Feb
Mar
Jan.
Jan
Jan
45
iV Feb
in
Feb
Monday, March 27, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1272
CURB EXCHANGE
NEW YORK
Curb Exchange
York
New
Standard Cap & Seal common
Convertible preferred
& Co common—
Sterchl Bros Stores
;
6% 1st preferred...
5%
2d preferred
450
2'/a
400
2
ViSA 50
Jan
17
17
17%
18
18%
Sterling Brewers Inc
Inc
Sterling
purines
Stokelv Foods Inc common..,
preferred
$1.50
Jan
10%
2%s
s
2
Feb
VA 3 %s
s
s
t deos
3%s
Feb
%
Amer
19
20%
19%
17%
Jan,
Writing
Jan
15
'.
51
Feb
52%
300
51%
6s
6s
Paper
Arkansas
Mar
.
deb
4%s
deb
4%s~.
Taggart Corp common
«
Texon
Shoved
Thew
Co
14%
'•/
'■':■*:■
;
■
■
.
""%
Vb
21
Feb
Feb
115
28%
90%
93
35
85%
1955
1964
M-S
M-S
108
108
1
..1947
J-0
.114% 115
14
—
■
1% Mar
500
900
10%
1
Union
Manufacturing Co—Gas of Canada.
Union
Investment
Unexcelled
common...
_
Products
United Chemicals common
$3 cum & participating pfd
United
cigav-Whelan Stores
Aircraft
United
$5
•
„~r * ■"
"ZIl:.
oorp
Jan
Debenture
Jan
•
$7
I.
A.
class B
preferred
1st
;
Jan
"9%
Feb
Cuban Tobacco
_
Jan
62
Mar
Jan
■
•
i«
75
dep
37
Jan
90
Feb
4
Feb
4
Feb
71%
70%
71%
25
43 Vs
44%
A
Radiator common....
•'
■
•
Power &
Utah
R*»dio
1,700
1%
Jan
2% Mar
•
300
%
2%
-'
.
4,300
2%
.1;'.
Lu,
100
8%
2%
1,300
:
jAi.
8% Mar
1%
2% Mar
Feb
21
Feb
18%
Jan
26
Mar
18
Jan
23% Mar
20%
Jan-
750
24
24 Vi
300
2%
2%
5,600
2%
57%
58%
1,075
51%
1%
0c
common
.1
stock
77%
.
77%
•
V:v
.1%
79%
.
20
,•
6
12 y Feb
Jan
9,800
5 Va
Jan
Jan
23%
■
2%
Jan
7
25 %
5%'
Jan
Jan
12
22%
,
%
Feb
24%
58%
Mar
90
•
'
TV
.
.2%
2%
•
Products
priority
$5.50
2%
8%
24%
,_9
Light $7 pref<
fcq .titles
Utility
3% Mar
•*
•
Sugar
Utah
Jan
23%
_
Jan
Jan
25
1
1 Va
Feb
.8
common-
Universal Produces Co......
Utah-Idaho
Jan
u
...
2Ve
B_
Voting trust ctfs
Jan
9%
;
2%
-
Consolidated
1,700
200
175
4
1%
74%
Eastern Gas &
Jan.
Jan
Jan
Feb
Jan
;
24% Mar
3V'8
61
6
1%
Jan
Feb
Mar
Jan
79% Mar
$4
Virginia Public Service 7%
9
100
*
pfd
Manufacturing
Vogt
2
7,200
35%
37
1
Petroleum.....
VenezutVan
1%
37
190
1%
\
5
110
A1
9%
V\
108
8%
■
9%
2,700
1 Va
27
8%
Feb
2
Mar
Jan
37
Mar
Feb
9%
Feb
1,180
118
8%
105
Jan
126
Jan
500
8
Feb
9
Jan
Elmira
Waco
Aircraft
Co
Feb
3%
•
,
8%
Wagner Baking voting trust ctfs ext..*
7%
preferred...
ioo
8%
100
Feb
3%
7%
Feb
9% Mar
Waitt &
Bond
claw A
West
Mrlls
Knitting
Wentworth
West
Va
Wes.ern
_
Coal
Air
&
l.23
Co
&
1st
—
7%
9
—
Jan
1%
Feb
1% Mar
Jan
18% Mar
15
4% Mar
4%
1,600
3%
Jan
109% 110
6%
7%
40
109%
Jan
110%
Feb
6,400
5%
Jan
7%
Feb
800
7%
Jan
9 % Mar
4
4%
>;"•
8%
9 v<
Stationery
con
page
1273.
120
30
•
20
see
115
26
25%
26
75
73
M-S
99%
102'/a
105%
106%
44%
104
36%
44%
190
37
45 Va
99%
99%
4
98
100 Vi
73%
42
&
District El 5s
1952
5%s
1954
Finland Residential Mtge Bank:— 6s-5s stamped
1961
Power 3%8
Pub Serv 5s
Gatineau
General
-.1969
1953
*1948
1978
1965
1941
1950
A.—
General Rayon Co. 6s ser A
Power & Light 5s
Glen Alden Coal 4s_
...
AGobel (Adolf) 4Vis series A
Georgia
West 4s
Great Nor Power 5s stpd
Green Mountain Pow 3%
Grocery Store Products
Certificates of deposit...—
Guantanamo & West 6s
1
99%
101
100% 102
187
98 Vi
102
64
97%
101%
35
98 Vi
101 Vi
%
100 % 100
Hygrade Food 6s ser A
J-J
1941 coupon)_____1957
A 7s
series F
1952
A7s (July 1941 coupon)
1952
Interstate Power 5s
*
;
1957
Debenture
6s
__1952
Altallan Superpower 6s
1963
(Aug
A7s
& Lt 3%s
1965
1966'
2022
1969
1970
Electric Power 3%s
Kansas Gas
& Electric 6s
Light 3 Vis
Kentucky Utilities 4s
Lake Superior Dist Pow 3Vis
Louisiana Pow & Lt 5s
McCora Radiator <Sc Mfg
Kansas
Power &
ref
E
M-S
M-S
M-N
M-S
5s
Nebraska
Jan
120
Mar
Feb
20
Mar
6s
23
Jan
27%
Feb
New
Power 4%s
series
A
Amsterdam
*
Gas
5s
;
98%
a-0
102%
103%
123 Vi
123%
102%
106 Vi
103
106
103%
103% 103%
102
102
98%
102
168% 69
197
J-t
.'
a-0
a-0
—
104 Va
1103
104
103
103%
4
106
108%
100 Vi
98
■
•
— t
v\ I,'
64%
VI
~5
'€■
„
70
111
110
1110
111
104% 104%
3-D
100
1
'
100%
.101
107%
9
*
103
101 %
AA'AlA
'AAA* A
105
100% 100%
J-D
^
3
89
105
J-D
104
101
aaAAA
107% 107 Vi
f-a
98%
97%
8
103
M-S
60%
58
98 Va
M-S
96
101%
1
'
60
63
"
107
103%
123% 123 Vz
f 104
1041/4
•103
'103%
97%
96
104 Vi
93 Va
135
96
95%
102 Va
99% 100 3/a
102
SlVVV
,
105
102
103
106% 106%
31
105%
107%
105% 105%
V:;:..'34
105%
106%
104% 104 Va
1
104
M-S
2
102%
M-N
103
26
93%
a-o
106%
J-D
105 Vi
103
f-a
M-N
•;t
98 Va
99
1107% 109
-p
AA.
99
98%
98 Va
J-J
103
100%
>93
11
V
104 %
100%
107%
109
■
27
28
24
25%
Ka
28%
28%
1
25
28%
24%
18
23
25
jlj
29
29
5
25
29
23%
23%
22%
24%
23%
1:
26%
25
3-D
94%
94%
94%
93%
•88%
66
68
23
3^3
3-3
68
'
33
'€■"3-3
33
m-s
:-T 108
108%
j-d
$107
€$■
114
28
;:•'•
1
29
j-j
f
107%
j-j
m-s
103
j-d
108%
m-n
3-3
A-O
105
105
107% 107%
3-J
103
100
101%
110
1
108%
110%
1
102%
102%
62%
68%
107%
108%
7
104
106
11
3-D
105%
100%
15
3-D
108%
109Vi
68%
66 Vi
112
99%
107 Vi 108%
-
M-ti
122
102%
99%
m-n
107
107
103 %
108%
111%
108
99%
tl0G% 101 Vi
4107
107%
108% 108%
102% 102%
35
107'i
120 Va
till *T12Vi
107% 107%
J106
•
106%
,-.7/
u20% 121%
.
68
60
107%
m-s
FA
2022
1948
90%
12
100%
J-J
102%
16
103
J-D
,116
99
95%
94%
■A A A
J-D
123%
99
102% 102 Vi
fl01% 102 Va
J-J
a-0
1963
1967
1978
1955
1957
1951
1945
1981
:i22
62
101% 102
60
'
1966
1957
1965
1945
Mississippi P & L 5s
Mississippi River Pow 1st 5s
Nassau & Suffolk Ltg 5s
84
96
103%
f-a
1947
1971
Petrol 6Vis
Midland Valley RR—
Extended at 4% to
Milwaukee Gas Light 4%s
Minnesota P & L 4Vis
&
95%
102%
1948
:
stamped
Mengel Co conv 4 %s
Metropolitan Edison 4s
4s series G
1st
101%
F-A
1955
E
series
A7s
106%
102% 103%
$123% 125
.1108% 114
a-o
M-1V
Jan 1949
Illinois Power & Light Corp—
1st & ref 6s series A
1953
1st & rei 5s series C
1956
1st & ref 5 Vis series B—
..1957
Indiana
Hydro-Elee &s
1958
Indiana
Service 5s
1950
1st iien & ref 5s
1963
Indianapolis P & L 3%s
1970
1955
1957
110%
105%
106 v2 106 v2
1958
International Power Sec—
A6 %s
series C
A6%s (Dec 1 1941 coup)
109
109% 109%
103% 103%
B
series
6s
109%
J-D
_1960
Jan 1949
& Pwr 3%s
Houston Lt
120
$118
M-N
1950
1963
..1945
1
104%
,
101%
M-S
J-D
104
104 Va
$ 104 Va 107
«
79
73
101%
$102% 103
A-O
F-A
44%
41%
J-D
M-S
ser
Federal Water Service
19
pf<T"lO0
Coal
footnotes
400
'
—-III" "*I~20
Grocer
Tablet
1%
'
♦
J
1%
V- v ■
—h'-V
*
Inc.
Maryland Ry 7%
Westmoreland
-•
.Ills
Coke..
Lines
Western
For
~"1~9
Utility $3 preferred
Western
Western
"~Z
Manufacturing
Texas
18% Mar
14%
•
j
Class B
Wayne
3-3
A.—...-1956
2030
RR Ss
1956
Fuel 4s
Middle States
_
102 Vi
36
107
73
A
-
1955
3%s
Water Lt
Empire
6s
W
104%
101%
41 Va
41%
M-S
& Light 5s
Power
Electric
Kansas
Corp common-.--.,-..,.r
convertiole preferred
41%
M-S
J-D
.
Jersey Cent Pow
'
Yalsoa*
J-J
1944
5s
Packing
Cudahy
Jan
6%
Feb
78%
2%
8%
•
Pictures
6%
Jan
9
1,000
%
•v"' ^
*
Insurance
Jan
5%
1,050
1,000
—■
2%
Universal
4%
100
89 Vi
1%
.10
900
1,100
\l AlAA
iOo
Jan
9%
87
X89
.•
.
44%
3% 'V 3%
•'vi
*
.-1
Jan
6%
9%
'I
■
Jan
74 Va
6%
6
X5%
••■'I
1
6%
Jan
X43% Mar
80
..1
—5
6% Mar
69
575
•43 Va ;
.25
Feb
%
103%
28
$106
J-D
r
...1954
Gen mtge 4Vis
A
Grand Trunk
Jan
200
6%
6%
6%
,10
10%
,
...
%
50O
%
%
150
Universal
& Jan
& Jan
63% Mar
Feb
—
|||-
160
Class
Feb
90
ord regis
rets
% Mar
35 Va Mar
Molasses Co Ltd—
Amer
Jan
Feb
%
55
5,700
35
121%
Mar
1,500
58
Mar
Mar
3/a
3,500
55
Feb
3
Feb
xll6 %
900
A
as2
16% Mar
Feb
1% Mar
10,400
Va
94% Mar
Jan
da
31,600
%
1
2 % Mar
Feb
1 Va
80 Vi
preferred
participating
Mar
,
640
1*6
56%
17
4,400
35
•..
Jan
59
100
98,800
170
i7,v
•
Milk Products
United
U S
8
1%
333
•
$3
1,700
117% 118
Common
$6
Textile 5s stmpd—1953
Continental Gas & El 5s
1958
16
aV•
United Light & Power common
United
;
%
1%
118
preferred non-voting
warrants
Q
(Bait City)—
1st ref mtge 2%s ser
Consolidated Gas
—_.
Till
P..
Feb
•
1%
ser
Feb
%
:VV";
mtge 3s
Jan
91
89
89%
VI'
warrants
1971
1969
1978
series N
ref
6%
14%
34
10OV4 101%
Feb
2%
101%
•
101 Vi
5%
17
102%
M-N
106
103% 104
101% 101%
104
3-D
105 Vi
101%
Feb
62
l7/a
M-8
120%
150
2
A-O
7%
16%
2%
115»/4
106
106
.
a-0
2%
300
114%
102 % 102 Vi
a-0
1958
4
62
>
•
United Gas Corp common
Option
8%
93
108
150
5s_._._-^_i—-^—«.1969
Connecticut Lt & Pr 7s A
— 1951
Consol Gas El Lt & Pr (Bait)—
5s
Debenture
2Va Jan
4% Jan
500
29
107
119%
100% 101%
2% Jan.
—
*
United Elastic Corp
1st
5%
'mAV'""
(,•
preferred
Umiea
"
5%
T952
1955
Jan 1966
*...1950
B_
7%
v
1927
*.
8%
5%
.
Gas 3%s
&
600
'
.
1953
1,200
'i'r^'
....
__
1970
5s
Power
6%;
5%:
[ 3%
3%
..
..10C
'
1968
Rys 5s ctfs—
11%
.
Jan
::'i
$119% 120
$150% 170
Q-F
—1962
*
Conv
1st
—
J-D
1998
.
Service 5s
deb 5s.
Cities
3%s
—
El
series
6s
23% Mar
U
Udylite Corp-*...—.
Ulen
Realization Corp
92%
M-N
..1964
1948
A5%s
........1954
Central States Pow & Lt 5%§
1953
111
Central
9% Mar
Jan
4
6%
11
convertible preferred
6s
B A Chicago
11%
6Vi
■
F-A
.I960
C
Cincinnati St Ry 5%s A.
.
v
}98
Jan
Jan
29
28%
23%
Jan
Mar
29%
23%
1
Jan
n
29%
23%
A-0
..
%
9% Mar
29
23%
75
4%
18 Va
23 Va
25
28%
Jan
1,600
84%
27%
3% Mar
'
Tung-Sol Lamp Works
80c
62% Mar
109%
1,800
1%
106
79%
27 Va
Northern
Canada
Jan
Jan
•
83
27%
700
22 Vi
L
21%
10
105%
84
105
83%
V
27%
200
%'
3%
3%
1
—
Inc
Trunz
1%
114
100
Transwestern Oil Co
Tri-Continental warrants
Jan
108
...100
128
104%
•
•
A-0
108%
19
10
;
'125%
88
127
127
101
107%
132
Birmingham Electric 4 Vis
Boston Edison
2%s
10% Mar
Feb
104%
99
5
F-A
....
Biekford's Inc 6%s
Jan
Feb
•
__
109%
—.1950
Steel
Bethlehem
4% Jan
58
550
62 Va
90
17
100
i
28%
ACdhtral States Electric 5s
60%
61
60
Feb
VA
—
;
27'/a
City Eiec
series
5s
5% Mar
Jan
.
28%
of Canada—
1st M 5s series B
........1957
7% Mar
9%
-
■'
i
3%
600
4%
4%
'■'•''AA 'A
■,
Corp
:
—
58
'
'
•
Todd
Lux
Jan
1,300
16,400
•
Trans
1
7%
5%
»
:
Shipyards Corp..
Toledo Edison 6% preferred
7%
preferred
Tonopnh Mining of Nevada
Jan
3-D
;
100 Vi
107% 108%
•
;
M-S
Bell Telephone
Jan
x23% Mar
Feb
104%
M-S
J-J
107 \;v
103%
:
•
3-3
'
106
107 Vi
1
V
Jan
6%
Mar
6
6%
7%
dep recs def r°g
Amer
117
19%
3%
/A':';.)
5%
1
.15 % Mar
Jan
100
23-
22%
common..
Inc
Tishman Realty & Construction.
Tobacco & Allied Stocks
Tobacco Product Exports
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis......
Jan
500
6V4
6
6%
v; 2
Feb
12%
;
•
Mar
25
23%
114%
300
6,700
'
."
_
/
28%
28%
5s
deb
Atlantic
107
107
102% 105
6
J-J
3%s
Avery fc.Sons (B. P.)—
5s without warrants
5% Mar
Jan
■
—
Roofing
Tilo
24%
14%
14%
ofd— IIIlOO
Light 7%
Oil 81 Land Co...
Power &
Texas
24%
24%
Tampa Electric Co common
Technicolor Inc common....,
5
■''A.y:
.
1948
1949
........
Assoc T & T deb 5%s A
3,000
.
..—........—1968
5%s_
1977
A Debenture
A Conv
-
3-3
;
deb 5s.
A Conv
5%
,
$108 Va 109% y
,103% 104%
A
High
Low
No.
High
J-J
8Associated Gas & Elec Co—
A Conv
V- 5Va
3-3
January 1
Sold
1956
.*—.1953
5s
4%s
Elec
Associated
Jan,
& Lt
Pr
A Conv
€ 5 %.• ;
3% Jan
Range since
Bonds
1970
2024
Elec Pow 3%s
Appalachian Pow deb 6s
19% Mar
•
Mar
10
V
AAAA
Asked
102% 102%
3-3
....1970
2016
1961
—
deb
Lt
&
Pow
Appalachian
26% Mar
51
600
Jan
12%
250
'
26%
Feb
17%
17% Feb
debs___________-.______
1950
1960
f debs
Amer
25
Mar
10% Mar
:,v;-
Jan
V;
American Gas & Electric Co-—
11% Mar
Feb
8%
Jan
Friday's
Low
Feb
2%
% Feb
25 'A
or
Sale Price Bid &
Period
24
Week Ended March
4% Mar
,3% Jan
1% Jan
50
11
10%
10%
9
600
Jan
■|;r/4
Jan
Week's Rangd
13% Mar
300
.
,
,
2%
3;500
Friday
Last
2U
110%
-
7%
"2% "2%
Interest
Curb Exchange
York
New
15
Finch Oil Corp
Swan
1%
Jan
Jan
Jan
5
600
1%
4%
3,500
.
:
v
■v-V;::
BONDS
Jan
6% Mar
46% Feb
12
10%
4%
10%
Jan
Jan
6%
v.-
Jan
1% Mar
53% Mar
43%
10%
8%
10%
■
Wright Hargreaves Ltd—
11% Mar
Feb
Jan
A 7
Jan
Mar
4
Jan
14
700
6%
6%
50
•
B com
A Jan"
53% Mar
1
*
preferred
Feb
15,100
i':
Port Cement class
Superior
1%
jjj
300
1%
19
Co
Drug
Rav
Sunray Oil 5%% conv
1%
1%
Jan
13% Mar
Jan
3%
bs
£1
'
Preferred
6%
9% Mar
10
Jan ;A
5%
1
(F W) Ltd deposit receipts
American
13% Jan
•
...
Jan
1%
1%
1%
Woolworth
Jan
Mar
Feb
i
10
pfd__100
10
Woodley .Petroleum
%
71
9% Mar
Jan
110%
*
;
Cement
Portland
Wolverine
Mar
% Jan
114
3
.
16% Mar
;
8%
8%
3%
3%
•
*1
Heating..
Inc
Willson
Winnipeg Elec common B
Wisconsin Power & Light 1%
18% Mar
1,500
Jan
.
8
•
Oil-O-Matic
Products
25
100
9%
10
Co
&
Feb
7% Jan
as2 Jan
500
(R C)
Feb
2%
19
Jan
54
1.900
9%
1,700
Machinery..*...
Sullivan
Sun
Co
(S)
Stroock
_
%
100
71
9
^
108% Jan
% Jan
%
65%
,
Jan
•17% Feb
3,500
-•
....—8
50o
1
(J B) Co common
iHugoi Corp.
;,
Stetson
18%
125
%
68
,
1,500
111% 114
112
1
1
1
Products
Sterling Aluminum
3% Mar
Jan
16
20
—
Williams
20 %
2
—*
—•
1
50
;
20% Mar
~7%
19 Vi*
1
(A)
Stein
Williams
~6%
6
,
V:,. High
LOW
16
16%
January 1
./Range since
High
9%
1
Weyenberg Shoe Mfg
Wichita River Oil Corp
Jan
~7'A
trust ctfs__l
(The; Corp voting
Steel Co of Canada
Feb
7%
600
3.700
1
—1
class B
Standard Tube
1%
Jan
Jan
3%
Shares
16%
Westmoreland Inc.
Jan
for Week
Low
;^■;"v00-fO,Par
Feb
2%
2%
Preferred
Stanett
,"'•4%
Jan
3%
400
V
20 %
Standard Dredging Corp common.—-1
$1.60 convertible preferred
20
Standard Oil (Ky)
■
-10
Standard Oil (Ohio)— 5% pfd
100
Standard Power & Light
1
Common class B_———
—
Standard Products Co
Standard Silver Lead
4- V
3%
2.78
-1
10
Brewing Co
Siandaid
4
"
Spencer Shoe Corp..
Stanl-Meyer
Inc
V'4V'
AAA'- A -;
AA01; High
LOW
High
Low
Par
Range since January 1
Shares
of Prices
Sale Price
March 24
Week Ended
Sale Price
"
Week Ended March 24 '
Sales
Range
of Prices
Last
Curb Exchange
York
New
for Week
Range
East
Week's
Friday
STOCKS
Week's
Friday
STOCKS
Sales
1
106
108
103 Vi
9
103
104%
109% HO Vi
11
109 Va
110%
34
100%
101 Vi
F-A
100% 100%
108
111
j-d
108% 108 Vi
6
2
m-s
116% 116%
116 v 118
112% 113
mrn
j-j
109%
116%
112% 113
2
\
^
^
1273
EXCHANGE
NEW YORK CURB
A
Sale Price Bid &
M-S
deb
Conv
New
5s
England
....
Power
Orleans
New
Public
A Income 6s
100%
,
Oklahoma Nat Gas 3%s B—.Aug 1955
A-0
104%
Oklahoma Power & Water 5s__
F-A
,1948
Light 5s.
Park Lexington 1st mtge 3s.»
Penn Central Lt & Pwr 4%s
1st
1964
—1977
,——1979
5s_
Philadelphia
Elec
5%s.
Power
Philadelphia Rapid Transit
Portland Gas & Coke
A5s
4%s
.——1950
Power
Corp
A5s
108
102%
103%
103%
105
40
•
"•
-
.
..—1959
4%s B
Af-S
$98
J-D
J-D
New
M-N
149% 149%
Estate
—..,1979
110
California
Southern
Counties
3'As
Gas
Gas
1970
income
Traction
Penn
92%
106%
109
i
,
137%
6
8
fis—
68——
5
91%
3
8
73%
A;
5s..........i960
••
-..
*.^
A
i
32%
■
115%
111%
113%
■-A'y 2
155
107
109
24%
2
$109% 110%
1
*
:
'
35%
307
109.
108%
109%
•
114%
109
1
108%
109%
114% 118
'
v
35%
107
'.' A
y^V.'.A,-
v;
F-A
4
114%
118
100%
101
$100% 101%
..
F-A-
—i.—1937
1947
.
89
J-D
"••••'7'V'-A
.*
,
90
11
85
94%
97%
97%
16
96%
97%
97%
J-D
80
'•
AAA
.
w-
104%
7"
104%
105
105%
^
104
i:
Extended
98
6
96%
98
103%
ALima
103%
30
89%
103
81
106%
108
103
-
83%
f
v
»'
87
F-A
LOW
High
1
51%
54%
4
16%
19%
3
62
67
1;;A
60
60
A'.,-A;'T:
20
21
54%
18%
18%
62
67
60
A
60
$16
24
$16%
17%
--
67
J-J
■.
86%
97%
86%
97
F-A
.7F-A
A-O
86%
97
86%
y-
TA'A
A;
■
:
1958
7s
M-N
a Issue of
Af-N
1927—.:
37
21
;,A; AT A 1
$36%
A A;1
i
'
;
$36%
J-D
20
69
36
J-D
36
t;AT
37%
38
"A;
69
21
33
40*
58%
•-
36
18
'
■
■
18
34%
■'
"2
$17%
A-0
,•
36
21
J-D
May 1927
of Oct
36
17
Va
36
37
17
19
17%
58
69
33
36
34
38
96%
30%
M-S
AMortgage Bank of Chile 6s———1931
Mortgage Bank of Denmark 5a
.1972
97%
A
Parana
A Russian
Government
J-J
1959
6%s
22%
104%
106 %
M-N
107% 107%
107
108%
J-J
118
117%
118
~
*
24%
105% 106 A
23%
A-0
J-J
24%
118
'
:
——
J-D
..1919
...1921
...
yy
&
t
4%
4%
4»A
J-J
■
•No par value,
a Deferred delivery sate
Cash sale,
x Ex-dividend.
,
-
A—...—.....—..,—2022 7 7
M-8
1958
"4%
T
1 A
6
V
17
3?A
$Frlday's bid and asked prices;
A Bonds being traded flat.
gReported in receivership.
d Ex-interest.
<
43
e Odd-lot sale,
4%
3%
•
:
r
——.1956
7s
de Janeiro e%s.
ARio
—
5s—.——I960
(State)
TAAt A5%s
J-J
7
Industries—
1
7-4s 2nd stamped——..——1946
& Light 5s
1953
—.1952
0%s stamped.1958
No.
97
(Hugo)
Service
M-N
—
City (Peru)
Alssue
90
F-A
J-D
■
J-D
AMedellin 7s stamped......
.1951
Mortgage Bank of Bogota 7s..—1947-
104%
IS
89%
104%
72%
i
54%
Range Since
January 1
Sold
High
$53%
1955
;
5s
54%
J-J
1948
—
,
Bonds
108%
35
77%
$106% 108%
Week's Range
or Friday's
Last
Sale Price Bid & Asked
A-0
Danzig Port & Waterways—
A External 6 %s stamped
105%
107
105%
$103
% 76%
Period
5%s
104%
29
Friday
Interest
Exchange
Valley 7s—
Danish
105%
$108% 109
Curb
ACauca
105%
:AA
$104% 106
$105% 105%
104%'104%
York
-7 92
89
104%
86%
stamped^w——^.-«i.il948
68 .series
34%
'
..
A-0
Agricultural Mortgage Bank (Col)—
a 20-year
7s
..........April 1940
A 20-year 7s
..——Jan 1947
Bogota (see Mortgage Bank of)
128
A-O
A-0
,
.-Dec 1 1968-
Certificates of deposit...
,
114%
1
113% 113%
,
Low
v
gold debentures^.
—1957
Standard Power & Light 6s.
1957
AStarreit Corp lnc 5s—i—.—1950
Stinnes (Hugo) Corp—
Texas Power
104'%
114% 114%
.
A';-*-A:A
M-S
Week Ended March 17
110%
127
80
M-N
0s
Electric
A':
■v.—
149%
109%
$103% 104 %
F-A
—May 1948
—May 1948
1951
-
Texas
108%
103%
'
BONDS
New
98% 100'A
:
91%
Af-S
1989
& L 8s——.-
(stamped)..,
Conv 6s stamped....
Stinnes
107%
Foreign Governments & Municipalities
104% 105%
—
104% 104%
J-J
F-A
.
.—1970
.—2022
Spalding (A G) deb 5s_—
A Electric—
7-4s. 3d'
1
v
104%
98
5
■7.7
Standard Gas
'
104
■i
unstamped extended to 1959—...
AMaranho
1st mtge 3s
-——1971
Indiana Rys 4s—.—.1951
Southwestern Gas & Elec 3Y4S
Debenture
;:„7
M-N
d3bs.——1954
111%
(Calif)—
Southern
Debenture
111%
17
107% 107%
104
.
F-A
7
AA
Ry & Elec 4s_.....
102%
112
111
77
Southern
;
98%
'110%
117
110% 110%
J-J
M-S
A-0
Wyoming Coal 6s——1947
South Carolina Power 5s———1957
Southern California Edison 3s—.1965
v
96%
4
■■■'
107%
34
J-D
Sheridan
,
.27
...
108%
114
99%
$127% —
A-0
A-0
A-0
J-J
6s
1952
...
Rys Co 5s 6tpd
AStamped 5s
108%
107'/4
9
98%
99%
A-O
J-D
Af-S
Scullin Steel inc mtge 3s,
——1951
Shawinigan Water & Pwr 4%s
1967
1st 4%s series D__
—1970
P
98%
110% 110% A
107%
A-O
6a stamped extended to 1959—...
5
108 % 108%
,
6s 5——1952
6s
1951
8an Joaquin Lt & Pwr
.
A-O
J-D
68
106
Jersey—
Safe Harbor Water 4%s
Southwestern
A;A
J-D
'
7
104% 104%
:
perpetual certificates...—,.
Queens Borough Gas & Electric—
5%s series A
'
1952
Real
96%
High
(Maine) —
IA York
2
111% 111%
6%
ASchulte
98%
J-D
J-D
107%
106'
.-"JA >;
■A'
_1949
.—..1951
46
7106%
100%
A-0
1st mtge 3%s—,w
—1964
Sinking fund deb 4s_————1949
of
Low
101% 104
107% 108%
Western Newspaper Union—
105% 107%
10
A'
4s.....
A—.
Public Service Co of Colorado—
Public Service
.J-D
January 1
'2.
$108% 109%.
A-"A-
West
!;
3
M-N
;
F—_
(Can)
J-J
Wash Water Power 3%s
1964
West Penn Electric 5s..—......2030
'
$102
103
111% 112
J-J
1958
,—1961
E
5s
Edison
series
104%
A:
1
J
N
Waldorf-Astoria Hotel—
107% 109%
13
114% 115%
106% 106%
106%
Af-S
Electric
series
Wash
19
"'
——
Range since
Sold
No.
Co—
stamped extended—-
Potomac
A'--':
7
\
Bonds
High
102% 102%
1
104%
108%
105% 106
r^;VA 5 A
110
$108%
F-A
1972
68—1962
104
107% 107%
107%
..——1968
Utah Power & Light CoDebenture 6s series A——.2022
95
108
7
7:
107%
115%::
86%
7
'•-'V
46
46
J-J
————,,——1970
8s
104%
5
,
106% 106%
$107% 109%
106%
3%s
United Light Si Railways
110
109
-"t
115 Va
104% 105
F-A
..—1979
Light & Power Co—
1st lien & cons 5%s—.
,....1959
United Lt & Rys (Delaware) 5%s.l952
101% 104
J-': :
•
;
Friday's
United
103% 103%
104%
F-A
J-J
M-N
Af-N
J-D
,1955
&
Pennsylvania Water & Power 3%s_1964
3%s
101
107% 107%
104% 104%
107%
Power
A 97%
1
$103% 105%
108% 108%
$106
"106%"
5s
City Rapid Transit 5 %s—1952
78
91%
or
Sale Price Bid & Asked
108
United
107% 107%
F-A
1962
—
Twin
Power
Edison
100
104
90%
Water
95%
$115%
J-J
Af-N
A-0
A-0
—
Toledo
81
107
Tide
81%
A 72'/4
'
J-J
81
72%
.
Last
Period
Low
125
$110% 111
J-J
Utility 5%s—,1948
Ogden Gas 1st 5s
.,1945
Ohio Power 1st mtge 3%s.
;
1968
1st mtge 3s———
.1971#
Pacific
140
104
J-D
North Continental
4s
81%
179
Week's Range
Friday
Interest
Exchange
Week Ended March 24
High
72'%
$108
Af-N
,—1964
N Y & Westchester Ltg 4s——2004
Debenture
5s——i-——1954
Ohio Public Service
375
„
—Nov 1949
A,™
series
N Y State Eleo & Gas 3%s
Low
81
108%
99% 100
100 % 100%
;
.
100
J-D
—,—1954
Eervice-^
81
No.
81
77%
77%
77%
81 ¥4
Af-N
M-N
A-0
—1950
3%s—.—1961
5s,——1948
New England Power Assn
Debenture 5 %s
January 1
■
Curb
New York
Range for
Sold
Asked
High
Low
80%
J-D
Bonds
Friday's
or
7-''
New Eng Gas & El Assn 5s_
—1947
5s
———————1948
BONDS
Week's Range
Last
Interest
Period
Exchange \
Week Ended March 24
1
Friday
BOND S •:■'A"
New York Curb
•
4%
Under-the-rule sale,
n
sales being transacted during current week.
no
,
Abbreviations used above—"cod," certificates of deposit; "cons," consolidated;
"cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," Voting trust certificates;
"w l," when issued; "ww," with warrants; "x w," without warrants.
,
OTHER STOCK EXCHANGES
Baltimore Slock
March 18 to March 24 both inclusive,
Exchange
,16%
1.25
8%
—100
*
Eastern Sugars Assoc com v t c.
1
Fidelity & Deposit Co———.20
Fidelity & Guar Fire Corp—
10
Guilford Realty Co commons—____—1
Preferred v t c,—~
Consol Gas E L &-Power comi
\
7;^'
S
8%
68%
—.
11%
..
Shares
Range since January 1
17
755
1.25
425'
15%
721
8%
11%
1.75 Jan!
10'/2
Feb
7%
200
,
Feb
8%
66
10
Jan
18
Jan
1.05 Mar
69
Jan
Mar
142
Feb
150
Jan
51
43
Jan
45
Feb
2
2
1,200
2
Mar
2
Mar
28
2
25c
-.50
20
American Oil Co..
28
100
U S Fidelity & Guar—
Western National Bank—....
27%
Jan
29% Mar
Mar
80
16
65
Jan
25%
100
25
Jan
26% Jan
47c
400
45c
Feb
50c
Jan
35%
..
37
975
35 %
Jan
41
Jan
37
' 37
,
84
47c
__
85
25%
80%
37
10
33%
Jan
37
Mar
5s series A.———-——
59
5%
69
Inc
Lines
SS
Eastern
69
38 %
39
118
32%
Jan
39% Mar
5%
6
145
4%
Jan
6
101%
1.70
92
Jan
105
Feb
149
54
Jan
77
Mar
13
Jan
21% Mar
100
76
74%
19%
V
TA
•.
_
'A ;T- "
33.20
General Electric
•
•
Gillette Safety Razor Co......
11%
Royale Copper..———
Lamson
Copper
—;——
(Del)
Corp
—
.
1%
Jan
'69
Mar
Util Associates v t c———
Friday
-A,. Last
Sale Price
STOCKS—
Week's
Range
of Prices
r-'A'A-
Par
Alles
&
Boston &
•
■
Low
1
Fisher Inc.^.—
American Sugar Refining
American Tel & Tel—
Anaconda Copper
V:
~
"4%
100
32%
—100
157% 157%
157%
....50
——...—
Albany RR—
26%
A
27%
155%* Feb
"159% Mar
24%
Jan
104%
435
96%
.25
34%
33%
34%
3,347
32%
Jan
70%
69%
70%
338
67
Jan
—
104
108
27% Mar
Feb
—100
—
*—.—...—:...
Boston Elevated Ry.-
2,278
:
4% Mar
33% Mar
4%
29
■
909
"
Edison
Boston
High
Jan
Feb
210
75
115
Feb
"
35'A Jan
VTA
A;.: .74% Mar
"
Boston Herald Traveler
•
Corp—..
21%
20%
22%
260
19
22% Mar
Jan
...100
prior preferred—
6%
preferred
5%
...
,
-
«
&
Providence RR
...
Feb
4
Feb
Jan
8
Mar
8%
1,614
4
-'Jan
8% Mar
8%
450
5
Jan
8%" Feb
8%
165
5
Jan
8%
6%
——
"
'
■
•
8%
6%
13%
—100
13%
39
5
5
8'A
13%"
Feb
7%:Mar
6% Mar
7
*
Boston
2%
3%
7%
7V»
*
20
280
8
Cities
Service
Boston
-
.5
6%
9%
Jan
Feb
"
12%
405
14
Jan
Jan
'
39
10
7
320
16%
11
6
6%
40
1
1
1
10
16%
*
Co
Co
For footnotes
6%
6
.—
Copper Range
East
——
...
see
page
1279,
10
Jan
41% Mar
Feb
33.20 Mar
34% Mar37% Jan
7%
Jan
1
Jan
1% Mar
30
Feb
32% Mar
2% Feb
3 % Mar
38
3%
5%
250
1,200
1%
85
53%
150
3%
Jain
Jan
47'/a
6
Feb
36% Mar
lVa Mar
.
'
5
i
53% Mar
Jan
v
11%
Feb
10c
375
8c
Jan
9%, Mar
Jan
100
1
9
605
7
7'A
.-.
28 V*
A
15c
Feb
17
Mar
,
Feb
'
361
343
24%
104% Mar
Jan
1% Mar
1
50
104% 105%
13% Mar
,
35
1%
17
27
28
105
-.7,A. 11% Mar
Jan
23%
60c
13%
17
it
,17
Mar
28% Mar
,107
Jan
38c
45c,
4,825
30c
Jan
45c
Jan
10c
20c
1,390
10c
Jan
45c
Feb
31%
30%
31%
155
25%
Jan
32% Mar
29%
42%
28%. Jan
Feb
*
——
Quincy
RR
Reece
Mining
Button
Reece
25
Co——
Hole
Folding, Machine...—..—
Shawmutr
29%
30%
1,663
25%
Jan
1%
324
86c
Assn.
6%
#Jan
13%
Feb
7% Feb
17% Mar
5%
Jan
6% Mar
Jan
1%
90c
-
Feb
v...-'TV/-
■
—10
12
30
1%
13%
25
13%
8%
8%
9
102
3%
*
3%
3%
120
90
90
34
34
34%
25
25
26
:
ta
T.v
*
Co
,
13%
•
—«—
it
10%
1%
.....—
Securities common
$4 2nd preferred......—.
Union
1
LL
.
■
•
Stone & Webster Inc
Suburban Elec
»
Mach——.
Twist Drill—
2,795
Feb
30%Mar
1 % Mar
9%
Jan.
12
1
Jan
1 % Mar
Jan
13% Mar
12%
8% Jan
Mar
9% Feb
3 Va Mar
2% Jan
Mar
90
Mar
110
32% Jan
36
Mar
771
25
Mar
28
Jan
10
90
United
13%
13%
14
140
12%
Feb
14% Mar
United
78%
78 Va
80%
589
75%
Jan
71%
71%
71%
747
69%
Jan
80% Mar
7'4
Jan
43 V*
43%
15
47%
48%
135
24c
30c
•
11%
11%
• ■
24%
24%
98%
99
60
,60%
5
Drug Inc—
——*—
_v
Fruit Co——
—
United Shoe Machinery common¬ —25
25
er preferred
U S Rubber
"
•
—10"
•
Utah Metal & Tunnel——.
Waldorf System Inc.—
Warren (S D) Co
Westinghouse Electric & Mfg.——
Calumet & Hecla
35%
31.18
IOC
Mills
Pennsylvania
Feb
7%
8%
—100
Stamped
Boston Personal Prop Trust.....
41%
Jan
8%
8
100
100
—
26
2,378
3
7%
100
—
40%
3
100
—.___
1st pfd stamped
7% class C 1st pfd stamped—
10% class D 1st pfd.
.
39
—100
Stamped
class B
39
.100
class A 1st pfd
8%
Pacific
Torrington
Boston & Maine RR—
7%
England Gas & Elec Assn—
preferred
—
5 % rU
Low
4%'
1%
1
Jan
13% Mar
Jan
Range since January 1
High
33%
it
r_—
32'/a
8%
10c
—
11% Mar
15 % Mar
29% Mar
12%
Cos
Feb
373
680
A
34%
8%
Mar
550
11%
53
53
Old Colony RR—
Shares
.
18
1,224
1
■
New England Tei <& Tei——*- -10U
North Butte Mining—....—. .2.50
for Week
.
259
33.20
36%
33 Va
—
Nehi Corp common—
Sales
40
33.20
5%
^
*
Mergenthaler Linotype
Narragansett Racing Assn Inc..—...—.I
New
38%
1%
34%
Mass
Exchange
231
32 Va
■■
Boston Stock
12%
1%
1
Mar
March 18 to March 24 both inclusive, compiled from official sales lists
345
3%
59
National Tunnel & Mines
31% A
10%
common..
Jan
Service
Jan
31%
RR common.——..100
.100
preferred
——
National
Jan
14 %
•
■
Central
Nash-Kelvinator
8%
70
V
■
•
Kennecott
2,185
151/4
36
General Capital Corp.
_■
50
11%
11%
30%
19%
15 V4
30%
'."-""A
•
Group Association—.—
Public Service i—V
76
10 %
'•
11%
0
—..
59%
19,000
Jan
*
common-
First National Stores.....—
Isle
56%
101%
51
$31,000
67%
—
High
218
.100
100
preferred B—*..
,
preferred adjustment——. .100
5%
57%
1975
.1975
Low
66
6
1st preferred series A
Maine
Bonds-
Baltimore Transit Co 4s—
Range since January 1
64%
.100
Ry com——
6%
Engineers
'
(Tom) Distillery
Amsterdam Casualty..*—_—.—2
Shares
High
65%
6%
Employers
18
45
44%
Low
—
Economy Grocery Stores
11% Mar
Jan
Mass Street
Eastern
High
Low
High
69
Sales
for Week
38%
prior preferred—
6% preferred —
4ya%
145
143
.. .
*
25
Moore
New
1.10
•:
Merchants & Miners Trans
North
16.%
Week's
Range
of Prices
Eastern Gas & Fuel Associates—
for Week
of Prices
Low
Arundel Corporation
Bait Transit Co common y t c——*
Par
Sales
Range
Sale Price
STOCKS
Sale Price
compiled from official sales lists
Week's
Last
Friday
Last
STOCKS-1*-'
50
-
40%
Feb
44 Va Feb
48% Mar
19c
Jan
30c
235
10%
Jan
12.% Mar
50
20%
Jan-
24% Mar
133
91"%
Feb
99
Mar
$i3,000
52%
Jan
61
Mar
A 5,925
43 lA Mar
Mar
Bonds-
Boston & Maine RR—
'
Inc
mtge
4% %, series
A—
1970
'
OTHER STOCK
Monday, March 27, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1274
EXCHANGES
Week's
■
Steel Co common—
Acme
—
Gas Co common
Adams Oil &
Aetna Ball Bearing common——.
iij;
capital
4
common——.——8
(Delaware)-—.
——3
Co
Mfg
Common
_
Jan
Jan
9 Va
Jan
8
Jan
Mar
1614
Jan
18
14%
Feb
17% Mar
400
3%
Feb
Standard
28%
29 %
200
92
92
93%
160
pref
29% Mar
95 V4
Jan
90
10%
Jan
*
Lt pref—
}£ Jan
116 Va
Jan
Jan
63%
Feb
Jan
9
80
7%
Jan
10%
14
Cherry Burrell Corp common.:
50
12%
Jan
1414 Feb
4%
Feb
75,200
49
49%
450
10
16%
16%
17
2,200
1314 Feb
25
25%
25%
25%
9,450
24% Jan
2614 Jan
100
4%
Jan
70
18 Ve
Jan
»,
preferred
—
Cities Service Co common
—
Commonwealth Edison common—
1
Consolidated Biscuit common
Consumers Co—.
50
:V:-—
V t c preferred part shares
—
11%
—*:'
Com part shrs v t c class A—
—20
Container Corp of Amer commonCo
—
Cudahy Packing Co 1% cum
Cunningham Drug Stores
11%
11%
100
5
Jan
23
23%
300
20
Feb
20%
20%
19
Feb
93%
Jan
-2%
21%
21%
2%
2%
100
18%
18%
Decker
100
class A
50Va
Jan
&
Co
27
Mar
12V4 Mar
&
Simons
21V4 Mar
Mar
Mar
8% Jan
10V2
Jan
5%
General
Connell Dock &
10
Jan
32
Feb
Jan,
22
Mar
18V2
50
21%
Jan
29%
200
•
11%
5
Feb
Outdoor
—
.55
200
39
Feb
100
1614
Jan
,700
44 Va
Jan
46
% Mar
Mar
14
Jan
4
50
4
300
3V2
Jan
8%
200
8
57%
:viii'
'
^
Line
S Gypsum
(J
S
Steel
Transp
4% Jan
100
Mar
Tube
&
Jan
cumulative
7%
preferred
i'Cum prior preferred—
Bankshares
Wisconsin
4%
Jan
150
32% Mar
34%
Jan
33%
150
,
3%
12%
Indust
Woodall
Jan
Radio
Zenith
50
50
8%
Mar
8% Feb
300
15%
Feb
18%
Jan
27%
Jan
31%
Feb
31%
1,450
31%
500
28
Jan
32% Jan
49% Jan
49%
100
45%
Feb
13%
13%
200
12
Jan
80%
80%
100
77% Mar
25%
25%
50
71
700
9V4
Jan
220
12 V4
Feb
12%
common.
35
250
53%
700
51
Feb
55
120
Jan
122
Feb
3%
Jan
6
Mar
•,
122
5%
6
8,400
26%
27
100
26%
Jan
60
98%
Jan
101% Mar
700
2%
Jan
i 3% Jan
100
8%
Jan
9%
450
4%
Jan
5% Mar
5%
122
100% 101%
3%
3%
9%
9%
5%
;:
5%
.
Curtiss-Wrlght
Corp
Iron
5% Mar
39% Mar
26%
900
67
27 Va
68%
59%
59%
5%
5%
36 %
200
5%
Feb
550
35%
Feb
7
Jan
36 %
—*
*
common
Mar
4
1,900
IOV2
Jan
17% Mar
20%
200
19 V2
Jan
22
17%
400
16% Feb
7%
8
Jan
6
72% Feb
Mar
25%
27
42%
42%
43
100
17%
17'A
18
2,700
15%
Feb
18
1,850
9%
Feb
10%
700
16%
Jan
6%
Feb
Jan
.75
13%
Jan
15 % Mar
6V2
Jan
814 Mar
•
•
(The) common
Republic Steel Corp
Standard
Brands
Studebaker Corp
.
common
Co common
U S Rubber
48%
100
2
2Va
4%
4%
5
7%
•V7%
7%
2,500
.*
1%
1%
1%
—*
18%
18%
18%
100
4%
4%
50
1014 Jan
650
14
—
48%
54%
31%
54%
15%
13% Mar
20% Mar
23%
Feb
27% Mar
18
31%
*
25:;
1
10
common
Standard Oil of N J
10%
9%
17%
Feb
15% Jan
1,150
:19$_20%;
common—.—*
16
37% Jan
.28% Mar
150
...
5
common-—.'——Aj——J*
Ext Univ common
Co
Leath &
Llbby McNeill &
7
Llbby common
Lincoln Printing Co common—z,
preferred
$3«/2
——•
Chemical common—*
Ref'g Co capital
..
*
Lindsay Light &
Lion Oil
Jan
16
49% Mar
47 V2
Jan
1,700
1%
Jan
2%
600
3%
Feb
5
6%
Jan
7% Mar
%
Jan
1% Mar
15 Va
Jan
—*
*
•
1
5
class A
Dredging Co common-
McCord Rad & Mfg
McWilliams
Field
Marshall
common
Mickelberry's Food Prod common
Middle West Corp capital
United
Midland
—*
•
Convertible preferred A
7%
1%
Miller
Util 6%
prior lien—
prior lien
preferred A—_
;
100
100
;—-100
stock
v
Muskegon Mot Spec class A
.
14%
14%
14%
1,200
5%
5%
5%
400
5 V2 Mar
10%
10%
11%
5,450
9% Feb
.
7
7
Standard
footnotes
cap
see
21
20
20
'
is
is
V,
5%
Feb
16% Mar
Feb
46% Mar
official sales lists
Friday
Week's
Sales
Last
Range
for Week
of Prices
Sale Price
STOCKS—
preferred
Part
-
27 34
Jan
9
13%
Jan
5%
Mar
Mar
33
9%
Feb
Mar
15
6%
135
25%
Feb
Va
Feb
%
%
100
4'/8
11
9
9
36
6
Baldwin" ———————_8
Brewing
Burger
———
6
92
*
Churngold
—
4% Feb
C N O & T P
3%
3%
117
83
99
Jan
104% Mar
19
99
Jan
105
105
.-50
*
__
*
Crosley Corp
.
n 105
8%
8%
Cincinnati Union Stock Yards.
stock
page
1279.
•
Drug
Dow
Eagle-Picher
Preferred
77
7%
470
8%
72
46
78
10%
9
20Va
260
%
7%
7%
11%
11%
■■■
•
..
175
Early
106
11% Mar
iV Jan
Daniel——
Si
—
>rri A;'/
—
36
Kahn
1st
105
4
Feb
21% Mar
5% Mar'
8% Mar
5Va Mar
14 Mar
% Mar
*
40-
10
35
Jan
29
Jan
36
/
34
Jan
43
Feb
:
15
Jan
15
Jan
43
15
15
13
40
107
40
75
107
5
35%
3U
7%
7%
66
2 Va
2%
2%
1,150
1%
Jan
2%
Jan
9%
9%
50
914
Jan
10%
Mar
5%
*
54%
54%
55 Va
44%
*
S.
10
44%
10
10
875
40
54
Jan
107
Mar
35% Mar
31%
7%
Mar
40
39
107
34%
—
Playing Card
Printing
Preferred class A
Mar
85
34%
U S
U.
Jan
106
36
8% Mar
150
Jan
37%
2.50
Procter Sr. Gamble
12
34%
■
pfd
Magna vox
Feb
Mar
37% Mar
15
_
Hobart class A
■.'.//
Mar
7% Mar
10%
43
Hatfield part pfd——r..,i—.
Hilton-Davis
—L
is Jan
19 Va
21
37%
_
Gibson Art—
106
Mar
8% Mar
'78
10%
5%
100
«
1,000
Jan
17%
V'*
Jan
8%
19Va
19Va
3% Mar
2%
10%
10%
11%
.....
Jan
13% Mar
10%
91
103 % 104 %
-20
—
Cincinnati Street
Mar
9
6%
13%
5
Cincinnati Ball Crank
;
High
9% Feb
28% Mar
% Mar
10%
13%
Jan
550
8
%
...
Mar
28%
4Ve
-
...
January 1
<
Low
9
15
9
9
*
20
Industries
Machine __!
American Products
Range since
Shares
High
Low
Par
4% Mar
200
7
Jan
Feb
14%
both Inclusive, compiled from
"
1,400
31% Mar
54%
52%
40%
Kroger
7% Mar
40%
Jan
45 Va
Feb
58 Vs
Feb
153
8%
10% Mar
37%
38% Mar
38
38
46
13%
14
187
4%
5
46
Jan
*
*
8%
1
10
8%
50
7% Jan
Feb
8% Mar
30
Mar
—
29
30
200
28
45 Va
—
45%
250
42% Feb
48 % Mar
28%
28%
10
27 Va
30
Jan
Feb
16%
Springfilled common—*
National Cylinder Gas common
For
50
18% Mar
21
9%
1
*
Montgomery Ward & Co common—
National
Jan
40
9%
Feb
•
Mfg common
Nachman
22%
32%
*!-*x
Jan
400
Mar
10
t c
prior preferred
Minneapolis Brew Co common—:
$1
Modine
20% Mar
9%
32
32%
Hart-
&
Common
414 Mar
Co—
Common
Midland
100
21
21
-r
Mar
"18% Mar
100
■
La Salle
43% Mar
Cincinnati Stock Exchange
March 18 to March 24
Cincinnati Telephone
150
14
Feb
11%
6,900
17% Mar
550
14%
*
50
—
Jan
8'A Mar
18%
2,000
.
1,100
•
37%
25%
Cincinnati Gas & Electric preferred .100
15%
16% Jan
4% Jan
17%
7%
18%
13%'
400
20%
Radio Corp of America common
,
1,650
14%
—
250,
Jan
6% Jan
1
Pure Oil Co
1% Mar
4%
100
8%
8
68% Mar
60%
Central RR capital-!—*
New York
Paramount Pictures Inc.,
Jan
IV4
250
Jan
56% Jan
12%
Aluminum
150
6 Va
56%
100
18%
American Laundry
350
74%
27% Mar
12%
Mar
1%
6
10% Mar
Jan
400
/
Feb
24%
18%
Mar
15%
74%
—
Feb
Feb
100
100
(Glenn L) Co common——1
Corp
5
16
17
17%
Feb
Feb
5%
37%
1
——
Electric Co_
General
Interlake
35
20%
1
27%
34
5%
37%
Copper
Jan
13%
16%
'
Mar
100
San com
•
Mining
50
Atch Topeka & Santa Fe Ry com—100
Bethlehem Steel Corp common—.
*
Anaconda
34% Feb
4%
16%
Jan
72%
American Radiator & St
Jan
*
jiC
73 %
Mar
9
Corp
11V4 Mar
12%
1%
4%
Jan
27% Mar
52%
Mar
9
11%
15%
1%
13% Mar
82'A
Jan
23%
71
16% Mar
16
12%
50
Jan
12%
16
49%
5
*
capital
Yates-Amer Mach
13%
150
*
*
—2
common
4% Mar
Jan
31%
*
—
common
Jan
2%
31%
—■-*
Walgreen Co common
Wieboldt Stores Inc—
20% lan
450
35
1
—•
Util jr cum pref
Kentucky
19 Va
14%
Lamp—
A
Common
18% Feb
Jan
Jan
20%
8%
—*
capital
Co capital——
Switchboard common—
Ken-Rad
43
Jan
500
12%
*
100
1
—
Mar
11
2
*
*
1
(W B)
Kellogg
Feb
16
'
15%
—20
Co common.
common
Mar
14
12%
10
100
capital——
RR common
8
15
20%
16
11
13
400
16
Indep Pneumatic Tool v t c
Indianapolis Power & Light com
Indiana Steel Prod common—
Jarvis
29
17
Mar
45
38 Va
16
Inland Steel Co
6
450
V' 50
7%
30
Feb
Mar
Feb
250
350
44 Ve
7% Mar
43
Feb
Jan
7
7
14
Illinois Central
Jan
950
11
45
■
20%
Illinois Brick Co
800
7% Mar
4%
capital—5
Utah Radio Products common
59% Mar
300
10%
7
Printing Co common
Feb
51%
900
*
*
common-
Dk com
8% Mar
42 Va Mar
6%
43
43
10%
•
Jan
41% Feb
58%
6%
•
50
42
42
—10
Harnischfeger Corp common
10
Heileman Brewing Co capital
-1
Horders Inc common————-——*
Hormel & Co (Geo) common A
—*
Houdaille-Hershey class B
—•
Hupp Motors common (new)
1
Hall
1 % Mar
Feb
Mar
13
14
44 Va
(H W)
Mar
18
common-———*
Tire & Rubber common
*
Great Lakes Dr &
!0>;,W Mar
33%
Pullman. Inc
46
8%
Goldblatt Bros Inc
Goodyear
Gossard Co
'12% Jan
12% Feb
55 : Mar
18
3%
*
Gillette Safety Razor common
Jan
14
common
Adv
Feb
10%
3%
10
common——._*
Corp
Motors
General
11%
100
18
—_—-—-10
General
"70
2
Corp capital——
——25
Ca (The) common—
——2
Union Carbide & Carbon capital
*
Martin
46
common———*
Amer Transp common——5
Candy class A
—5
Finance Corp common™—1
General Foods common
50
12
55
—
11%
12
Co common————*
Drive Auto—
10
Preferred
Va
1
7 Va
Mar
30
Jan
8
400
9%
32
6% Mar
25
10
30
Feb
12%
Jan
21 Va
—
7
100
9%
Gardner Denver Co
General
24
2% Mar
950
32
1
(Peter) Brewing common-
General
12 % Mar
Jan
21% Feb
18% Mar
6%
■
30
5
Four-Wheel
Fox
Jan
21%
17
Nash-Kelvlnator
Dredge
10%
250
23% Mar
102
Jan
1514
12%
6%
6%
—15
Elgin National Watch Co
Eversharp, Inc common
Fitz
250
1,850
29%
Trane
Air
15% Mar
Feb
13
15%
12Va
1%
Texas
United
4% Feb
Jan
3%
Jan
90Va
Feb
85
23%
14%
15
:
800
Mar
8
13% Mar
23%
—-25
capital
200
4%
Jan
l ■ vi i';1: Jan
300
88%
4% Jan
11%
common——5
ca pital
6%
100
8
13%
Feb
155
Jan
17% Mar
2% Mar
50
7
..
12%
■
—*
(The)——
Household Util Corp
Electric
•7
10
*
1
Dodge Mfg Corp common—
Eddy Paper Corp
Mar
3% Mar
3%
Unlisted Stocks-
1
Mfg common
(Alf) & Cohn Inc com.
Rubber
Domestic Industries Inc
Jan
20 Va
50
2%
—-
Curtis Lighting Inc common—
Dayton
50
550
100 Va 102
100%
-100
pfd—
27
■
152
:
3%
1
—5
Williams Oil-O-Matic common
i/v
common—
4%
26
■
Crane
Jan
45
*
4%
,
....
73Va
74% Jan
88%
——1
capital
25
Indiana
of
Swift International,
5Va Feb
5%
6%
,
■
13% Mar
Jan
8
pref——--—-10
Sundstrand Machine Tool
6% Mar
6%
49%
1
Chicago Corp common
Jan
71
13
Stockyards capital—*
Brewers Inc common
Sterling
U
14
14
.5
,
11%
520
10 Va Mar
,
Jan
58%
70
61%
8%
%
8
Va Mar
111
20
114
61
61%
Jan
450
%
114
■■
% Mar
Jan
9%
600
\k
10%
10%
Va
1,100
%
%
"•
Preferred
Convertible
Oil
Standard
Swif6
*'7
400
10
common————2
Stewart-Warner Corp common
-50o
12%
100
Works
Common
10% Mar
1,510
10%;
—
Jan
4
capital
5
class A common——*
Dredge
Feb
Mar
2%
4
*
St Louis National
1%
30
Jan
100
152
Co-
Mar
87
Jan
26
Feb
4% Mar
Jan
%
110
Mar
3
72
*
Lathe
Bend
Spiegel Inc
Mar
4
Strap
—
Jan
79
130
152
1
10%
2,800
.12%
*
34
Jan
30
3
-1
Jan
3'A
800
87
1%
1
common
South Colo Pow
200
29
——
Util com—_
86%
•
9%
; 500
■
4
29%
•
capital——
Co
&
Steel
Common
6% Mar
350
>
4
10 Va
9%
■33V
—100
Sinclair Oil Corp
■ •
■■
22
class B common
Corp
Signoder
10 Va Mar
Jan
5
600
17 Va
3%
430
.....
-
Sears Roebuck
Serrick
15%
.814
lOVa
>»
Central States Pr &
1414 Mar
900
Mar
__
—:
lien
22
50
'
6%
17 &
A—
Convertible preferred
Prior
1514 Mar'
Jan
10
$6 pfd—
Corp—
Common
Feb
9%
17
■
34
9%
50
—1
common—-———-1
Schwitzer Cummins
12%
500
15 Va
10 %
■
32%
—
Jan
20
50
16
V"1
17
20% Mar
Raytheon Mfg Co—
6% preferred
—
5
Rollins Hosiery Mills common——4
200
14%
V:*-—■
Jan
RR capital
(The) common—
Pressed Steel Car
South
•»
16%
4% Feb
80
preferred
Central & South West
1%
Jan
22
W.4
Securities
111
Feb
9%
Central Illinois Pub Serv
Central
Jan
114
3%
15%
—5
——:—;———
convertible
5%
4%
750
9%
———
Brothers
Butler
6% Mar
600
21%
—
Laughlin Inc common——
& Wire class A pfd_
common—
Preferred
300
14%
Fence
*
Quaker Oats Co common.
'
1/
capital
Co
Mfg
Binks
Brown
Jan
1% Jan
1%
1
Bliss &
9
Jan
1
4
%
15%
1
Berghoff Brewing Corp
Corp
Potter Co
6%
1
3%
—*
..
250
17% Mar
800
Jan
6
71/2 Mar
300
1 Va
6
••/■;•>
.
——10
common
39% ■ Jan./
Jan
5
8-1
/
Jan
20 Va
Feb
36'Va
250
Peabody Coal Co B common—:
'5
6% preferred —
,.—,—100
Penn Gas & Elec A common
*
Jan
17 %
150
2,600
22
Mfg A common———5
Bastian-Blessing Co common————*
Belden
200
5%
1%
Barlow & Seelig
Belmont Radio Corp
18%
38 %
5%
4
Washer
Aviation Corp
18%
1
Athey Truss Wheel
Automatic
Jan
15
7%
Co common—1
Asbestos Manufacturing
Jan
12%
Mar
Feb
Mar
Mar
57
12
5%
15
Feb
4%
100
38 Va
18%
~5%
1
Equipment Corp common
cl
'
Mar
Omnibus
20% Mar
18'A
20%
—100
L
6
-
Pennsylvania
—•
Co„———*
common—
5
Co
&
Armour
Aro
57
1,950
5%
■
15
Mfg
Chalmers
Allis
100
v;
2
5 Va
Laboratories common
Allied
1%
r
5
1
High
*Low
300
57
57
-Z.25
*
Castings
Aluminum
Advanced
High
Low
preferred
7%
High
'
17%
19%
Utilities—
North Western
January 1
'
Low
High
20
.
Northwest Bancorp common
Range since
Shares
of Prices
Range Since January 1
Shares
of Prices
Low
Per
1
North American Car common
for Week
Last
Par
lists
Sales
Range
Friday
Sale Price
STOCKS—
;
compiled from official sales
both inclusive,
to March 24
18
March
STOCKS—
for Week
Range
Last
Chicago Stock Exchange
Sales
Week's
Friday
Sale Price
12%
__
16%
250
14%
Jan
17%
12 Va
12%
350
11%
Feb
12% Mar
35%
35%
150
32 Va
Jan
37
Feb
Feb
UnlistedAmerican
Rolling Mill
Columbia Gas
Motors
General
Standard
Timken
Brands
Roller Bearing
25
*
10
*
*
12
4'/a
Jan
14% Feb
Jan
5 % Mar
59% Mar
57V2
58%
148
51%
Feb
31
31%
123
28%
Jan
31Va Mar
48 Vs
48%
60
46%
Feb
48%
Jan
Volume159:
1275
COMMERCIAL & FINANCIAL CHRONICLE
Number 4267V
OTHER STOCK EXCHANGES
Last
18
March
^
Friday
'■
STOCKS— :
Coach
par
.50
&
Cliffs
Corp
Eaton
common
—-
—
Pressed Steel.—
General T &
Co.—^
R
-
Goodrich, S F
Goodyear Tire & Rubber
.
:
•Preferred
1
Towing.,
100
common——_—v_5
.—100
Hanna,' M A $5
pfd—J——*
- cum
1
'
-
Laughlin-i—-7-:Kelly Island Lime & Tr—
—•
&
Sessions—6
6 '
Medusa
Portland
Cement
*
'
16 Va 16 Va
National Refining^prior pfd 6^«*
'
110- 112
Lamson
&
__
Nestle
.
Reliance. Electric'
Richman
——...
Van Dorn Iron Works
Vlchek
„
25
—*
1
-7—* '
1—11* <
Inc
Prod
Thompson
Tool
-
■
__
Bros
Standard Oil .of .Ohio-,.--
—
•
' 105
105
23% 24%
common
-10
Firestone Tire & Rubber common-
Central R
U
S
Steel
Steel
General Metals
'
:
General
Gladding, McBean & Co.—7—
Mar
--1,
common..
Oil
22% Mar
Honolulu
Hudson Motor Car Co
Intercoast
112
Mar
9
Feb
.13%
Jade
Petroleum
Lincoln
Feb
Company
43% Feb i
Los Angeles
39Va Mar.
Magnin
19 y2
Jan
6% Mar
12%
Feb
105
Mfg
Oil
.1
Corp
Elec
Pacific
Gas
Pacific
Indemnity
Pacific
Lighting Corp common—
Public Service 1st pfd—_
20
Jan
22% Mar
40 ye
Jan
41%
Pacific
&
common..
So...
Jan
Warrants
Jan
Ryan Aeronautical Co.
20%
Jan
a38% a39:y8
:ai9% a20 y4
A
al9% a 19%
40
38 V*
Feb
40%
Jan
298
17
Feb
20% Mar
Safeway Stores, Inc—;
'J.
—*
Security Co————30
Shell Union Oil Corp
15
19% Mar
Sierra
.
••••?*
11W Feb
130
55
16%
Feb;
18
51%
Jan
55
_X
'
Mar
—
12 V$
Co
———-1 "
Chain Stores Co Ltd
*
Southern Calif Edison Co Ltd——25
Solar
....
Aircraft
—
Sontag
■
'v'v.6%
■
preferred C—
5%%
Standard
1
Associate
New York Curb
Stock Excbango
Chicago Stock Exchange
Detroit Stock Exchange
DETROIT
Ford Building
Mining
Randolph 5530
March 18 to March £4
both
inclusive,. compiled from official sales lists
Briggs Mfg
Brown, McLaren common
•
Cleveland
&
Detroit
Edison
Products
Kinsel
Jan
4%
3% Jan
100
17%
Mar
1
Jan
21% Mar
Jan
7% Mar
100
5%
3%
700
2%
Jan
3% Mar
1,285
4%
Jan
5%
58
•
7% Mar
7,;
Jan
6% Mar
:
<
52%
Jan
59'/4 Mar
2%
7-816
."
3%
Jan
3% Mar
1%
315
300:
1%
Feb
1
150
1
Jan
8
425
6
Jan
no
19
Jan
-
20
•
,
,
7
-
--■y
2%
.
66c
30c
30c
2
1%
1%
•
80c-
-
2%
•
•1%
•
10% Mar
70c
-
.
62c
24c
200
L
-
2%' 7-
5
■;
-3
100
;.
400
3% :
3%
200
714
11
'':"7 500
-
1%
Jan
3
<
3%
2% Mar
Jan
3%
Feb
30% Feb
il% Jan
;;
<
Mar
4% Mar
7v
Feb
270
2%
3%
Mar
7% Mar
'
Feb
7 -1%
Jan
18
1
Feb
28%
,
Mar
88c
Jan
2% Mar
1,005
1%. 7 6,200
7.;
Jan
3%
Feb
2
1%
Jan
16
150
245
Jan
75c
Jan
36c
:>•
Jan
1%
Jan
70c
Jan
1%
Feb
2%
•
Jan
320
81c %
Jan
"5% Mar
•
150
2%
10%
Mar
.16
Jan
3:v.
20 y4 Mar
Jan
"H 1,200
7 7 3,725
1%
29%
29%
Mar
14%
200
4%
4'/e
Jan
8
<50c
352
.
•,
7y8
y is
7
is
1% Mar
1
:: 8%
2,225
65c
2%
.
y;
180
10%
66c
'
225
15%
9%
S
3%
Feb
3% Mar
Jan
7
Foods
General
Co—
(B F)
Goodrich
Libby, McNeill & Libby—
Inc
.'———
McKesson & Robbins, Inc.—
Montgomery Ward & Co Inc
Mountain City Copper Co
American
OhiO Oil Co
'
Car Co
Pictures, Inc
Motor
Packard
Paramount
Pullman
Incorporated
Oil Co
Corp of
America—I
815
1%
Jan
1% Mar
19%
540
17j/4 Feb
19% Mar
Standard
3%
958
2%
Jan
3% Mar
Standard
3%
300
2%
Jan
3%
Feb
Standard
3%
600
2%
2%
1,000
1%
1%
700
41/4
4%
400
Jan
3% Mar
Jan
3
Jan
1% Mar
Jan
4% Mar
.
Mar
Roebuck & Co
'
both inclusive, compiled
Friday
Week's '
Range
Last
Sale Price
STOCKS—
&
Texas
y
Aircraft
Bandini
Barker
For
V
Par
'
'
50o
Accessories Corp
1
Petroleum Company
Bros
Corp 5y2%
footnotes
see
""
50
pfd-
page
1279.
=
:
'
—
5%
—
2Va
2y2
5%
5%
46y4 46y4
Sales
for Week
600
800
10
Range since January 1
Low
High
2
Jan
4% Jan
44
Jan
—
Company
Texas Corp
(The)
Gulf Sulphur Co
Water Associated
Oil Co
1
25
25
*
10
*
Company.—100
United Air Lines Transport
5
United Aircraft Corp
—5
United Corporation (Del)
*
U S Rubber Co
10
United States Steel Corp—!
•
Warner Bros Pictures, Inc
5
Carboa Corp
Carbide &
Pacific Railroad
...
from official sales lists
of Prices 4 Shares
Lorn Hiah
17%
Jan
15% Mar
10
Jan
15% Mar
1.05
Jan
49%
40 y4
Jan
43y» Mar
19
Jan
20% Mar
5%
Jan
7
49
Feb
8% Feb
10
Mar
1
Mar
50c
200
3 '/a
2% Feb
6ye Feb
46% Mar
Telegraph Co.
Westinghouse Elec & Mfg Co
Willys-Overland Motors Inc..—
Woolworth Company (F W)
Western Union
100
50
1
10
:
—
a54'4
—
—
—
—,
—
—
—
18
10'%
26
a47J4a50
:
..
a39%
Jan
Jan
a97% a97%
a7% a7%
a39% a39%
3c
Feb
Mar
Jan
45 % Mar
Jan
12% Mar
10%
200
3
8%
3V4
Jan
300
,
Jan
Jan
9% Mar
23
Feb
24%
Jan
491
31
Mar
32y4
Feb
30G
29%
Jan
31%
2,659
24 Va
Jan
31% Mar
663
35%
Feb
38 y4
Jan
6
Mar
3,004
Feb
5Va
Feb
2,785
8%
Jan
9% Mar
19
19 y4
Feb
19% Mar
6,703
18%
Feb
19% Mar
12
Jan
13
1,418
350
3%
448
3%
iy2
a46% a46%
53% 53%
13% 13%
a48ys
40%
41
170
2,460
,
1%
a46%
4 Va
Jan
2c
1,000
a79% a80
al02% 103%
a25%a25y2
a29% a29%
_.
al03y8
a25l/2
Jan
36%
108
v:
a30%a31%
a33
833'%
a54yia55y8
15% 16Va
a31V2a3iy2
a48% a49ys
a35% a35%
14*4 14y2
—
Feb
Jan
70
56
31
37
26
Feb
47% Mar
3%
a88% a89%
12% 13y8
26
Jan
47%
;
42
al.7% al8Va
—
Jan
33 % Mar
400
7% 7%
a6iy8 a6J.%
—
a23% a23%
a45%
a45 a46ya
l%c l%c
20 Va
19 Va 20%
—
a8% a9ys
..
17% 17%
•
19% 19J/2
4'4
4Va 4'4
a25%
a25% a26'/2
—
;•
29»4 29%
'
22
22
a43
a42% a43
al7%
1.25 Mar
14c
48
Jan
100
9%
Mar
Feb
30%
1.00
18
Jan
Feb
7c
40
Mar
1,195
6%
36y2
a42%
a47% a 47% a48%
1V2
1%
—
a27y8a27ya
al3J4 al3%
—
31% 32 %
9%
*
-—15
*
Brands Inc
—
1—-—*
Oil Co (Indiana)——
25
Oil Co (N J)
25
Studebaker Corporation
Swift
Tide
Angeles Slock Exchange
March 18 to March 24
Feb
IIV2
121
a42
--
*
1%
Jan
Union
Los
*
——*
——*
Republic Steel Corp
Sears,
3%
j
50
25
Pennsylvania Railroad Company
Phelps Dodge Corporation
Union
'
1
10
1
3%
Prod common.————4
.—5c
Socony-Vacuum Oil Co
Southern Railway Company—
1%
15 y4
347
7
7%
—a61'/8
—~———*
-r—*
*»"
4% Mar
2%
44c
55
36ya
..
—
*
Co
2%
98c
__
*
Jan
■
—
18
Aviation, Inc.
3%
i—1
;
RR
Central
York
North American
3
—.1
———*
common....—1
5%
Co
Loew's,
Radio
12% Mar
Feb
662
al7%al7%
„
of Canada—i-—
*
International Tel & Tel
*
Kennecott Copper Corp
——.—*
Pure
17c
Jail
3,100
—
—
Mar
Jan
30c
.
18,475
—
al5%
a25%
Feb
985
a4% af.
al5% al5%
a25% a25%
U
U
14
14
'5%
6
a32% a32%
17ya 17l/a
5%
5%
--'XX
35c
334
a48% a48%
—.
:
262
a30
a30 '/2
a9% a9%
a37ya a37Va
„
1
Graham-Paige Motors Corp—
Nickel
4c
,
1% Mar
Jan
Jan
Jan.
10
10
al4% al4%
-—
*
-*
Jan
2%
19%
B
„
Co.:—:——.5 7.
Corp
2%
4%
1%
Radiator common——
5
—,—
Ry—
Share
1%
32c
6%
9
Jan
3c
Mar
1%C Feb
660
Mar
3% Mar
Jan
6
305
2,000
Feb
10% Mar
Jan
40
36%
Feb
36%
854
156 J/e
Jan
157%
Feb
30
42%
Feb
43%
Feb
Feb
Jan
27
Mar
Jan
67
Mar
21% Mar
24%
855
403
y 50
50
19%
Feb
215
16%
Jan
18% Mar
105
34%
Jan
36
123
y
.287
Mar
60% Mar
59% Mar
20
"144'
Mar'
30
Mar
30
10%
Feb
40
35%
Feb
35 y4
Feb
100
45 Va
Jan
45%
126
4%
Feb
8% Jan
135
60 '
Feb
Feb
5
15%
14% Feb
Jan
125
Jan
Feb
900
Jan
15
Feb
Va' Jan
6
Mar
11%
153
5
630
66
180
30% Mar
30% Mar
16% Mar
17% Mar
6 Va
Feb
5%
194
Jan
Jan"
17
Jan
17
441
35%
Feb
37%
Jan
104
41%
Jan
41%
Jan
25
45
600
47 y4 Mar
Mar
43
1%
Feb
v
1% Mar
27%
Jan
50
26% Mar
60
12
Jan
14
30%
Feb
32 Va Mar
250
100
7
Jan
23
Jan
Mar
7% Mar
70
35
Jan
-23
120
47% Mar
47% Mar
100
1%C Feb
l%c Mar
15%
20% Mar
3,731
Jan
9%
Feb
150
8'/4
Jan
3.60
16 y2
Jan
18% Mar
489
18%
Feb
19% Mar
927
3%
Jan
4'/4 Mar
29% Mar
95
26%
Jan
350
20%
Feb
22% Mar
202
42
Va Mar
42% Mar
360
15 Va
Feb
9%
725
18
Mar
Feb
10 y4
Jan
320
17% Mar
lSVs
Jan
95
88% Mar
88% Mar
13Va Mar
634
Jan
12
10% Mar
Electric Bond &
North
Mar
10% Mar
2,600
6
6%
2%o 2%c
—
——
New
31
Feb
29,000
15%
1.25
3%
>
—
1
—15
—.25
Case
(J I) Co.
—100
Caterpillar Tractor Co
*
Columbia Gas & Electric Corp
*
Commercial Solvents Corp..
—-*
Commonwealth Edison Co..—
25
Commonwealth & Southern Corp
*
Consol Vultee Aircraft Corp.—
1
Continental Motors Corp—.————.1
Continental Oil Co (Del)
—5
Crown Zellerbach Corp
5
Curtiss-Wright Corp..
—,
1
Class A—
—-l
Pacific
.Canadian
Int'l
Jan
8%
Sani Corp
3%
-
•2%
B common.——1
Stearns (Frederick)
common—
*
Tivoll Brewery common
:u.
—1
3%
Co
Borden
Jan
27%
& Refining Co—
Airplane .Co
Boeing
50
62
•
—
10
10%
*
—
a37% a38
American Tel & Tel Co
;
100 al57% al57%al57%
American Viscose Corp—
—14 >•
a45y4a45y2
Anaconda Copper Mining Co
50 f
—
26% 26%
Atchison, Topeka & Santa Fe Ry—100
a67%
a67y8a68y2<
Atlantic Refining Company
25
a30
a30'/8
Baldwin Locomotive Works v t c
13
a20%
a20% a2iys
Barnsdall Oil Company.—
5
__
18
18
Bendix Aviation Corp—i————5
a37% X a37
a37%
Bethlehem Steel Corp—
* —
60% 60%
Smelting
100 v
4
———1
common..'.:--;—.'.1
__
5% Mar
62c
Standard Tube class
Wayne Screw
20 Va Mar
325
15%
common—-l
Aircraft
6% Mar
,
200
20
ijheller Mfg common
Warner
75c
1,900
.
Jan
6 %;
Invest common——— I'-?
Universal Cooler class
18% Jan \
1
2
River Raisin Paper common——*
Scotten-Dillon common"
—
10
U S
6,494
1%'
common.-.'——1*-
Udylite common
10r035.
-7%
Parke, Davis common—...__i——*
Peninsular Metal Products common...I
Pattern
4%
6%
■
3%
common———1
common-.^--;———'-*
Packard Motor'Car common—-——*
Park Chem Co; common—I
Simplicity
4%
7%
58
Hone
W)
6% Mar
Jan
3% Jan
4V4 Jan
20 y8
>;
Jan
21'/a
Products
(H
4%
Feb
100
3%
.
Prudential
550
5%
Die Casting common.ju——1
Michigan Silica' common-—
-1
Michigan- Sugar common——.—
*
Rickel
6%
1
Michigan
Motor
13% Mai¬
ls7^
-
3%
McClanahan Oil
Micromatic
Jan
4
6%
commonL—i—1
common—;—-—I'l
Drug
13% Mar
7%
*
common———1
Lock & Mfg
Hurd
Jan
20%
Houdaille-Hershey class B—
Car common——
Kingston
Jan
3% Mar
14%
-3%
common—.—-.-5
common.——1
Detroit Steel Corp common.——
5
Eureka Vacuum common—
———5
Federal Motor Truck common
—*
Frankenmuth Brewery common——1
Gar Wood Industries common
3
General Motors common——c—_,
10
Goebel Brewing common—
——1
Graham-Paige common—L——1
Grand Valley Brewing common——_ 1
Hall Lamp common——.————5
Hoover Ball & Bearing common
.10
Feb
13% Mar
98c
Detroit Gray Iron
31% Mar
73 1%
15%;
19%
19%
Jan
200
4%
.6
6%
-
.
656
5%
Detroit Michigan Stove
Hudson Motor
13%
15%
common—10
20
Nav
common
1%
12%
400
3%
13%
10
Continental Motors common
—1
Crowley, Milner common—————*
Detroit
500
13
7V2
27% Jan
335
1%
1%
common
Paper
6% Jan
746
3%
Capital City Prod common..
Consolidated
200
:;y
31%
13
,
High
Low
-
common.—:—12y2c
Biscuit
Burry
7
31%
1
*
Machine
Burroughs Adding
Range since January 1
High
,7
commons———l
Rubber
Baldwin
.
Shares
of Prices
Low
.
Sales
for Week
Range
Last
Sale Price
STOCKS—
i
Week's
Friday
Feb
Stocks—
Unlisted
Amer Rad & Std
Detroit Stock Exchange
19
Mining Co.——10
Cardinal Gold Mining Co.——
Amer
47-Va
Stocks-
Alaska Juneau Gold
Telephone:
42% Mar
200
6
9%
9%
al9% a20%
18% 19%
13
13
—
Mar
12%
Jan
10
5%
: :
—
.——.2
Transcontinental & West Air, Inc
5
Union Oil of California.:-—
25
Universal Consolidated Oil Co
10
Yosemite Portland Cement pfd
10
Corp
Transamerica
9
Jan
so
17%
15%
29%
36%
30%
36%
.*.•
Oil Co of California——*
Sunray Oil Corp..
Member*
New York
23%
"
Co
Pacific
Southern
& Co
Watling, Lerchen
25
25
preferred class B
—
59 y4 Mar
Jan
100
42c
40
40
a26% a26%
3o
3c
45J/2 45%
11% 12 %
3
V3%
9%
9%
23% 23%
31
31'4
30% 30%
y
3C
Jan
Mar
Jan
a46% a47
•
..
25c
Trading Corp
Signal Oil & Gas Co class A
Sinclair Oil Corporation----——*
Mar
171
al7% al7%
a52% a53%
.1
Jan
13
Mar
10
3%
37%
Feb
9% Mar.
38 Va
1.00
Feb
2l/a
210
48
10
;
19
Jan
110
47%
10
6%
39% Mar
14 Va
7'%
200
20%
—
35
Feb
13% Mar
Jan
Jan
2 Va
42%
_.
I
*
1
Jan
8%
9%
;
20y2
6 V*
__
a47%
*
12
625
3,000
—
———
9% Mar
42%
40
Republic Petroleum 5%% pfd———.50
Richfield Oil Corp common
•
43% Mar
23% Mar
Jan
8c
9c
40
41
33 - 33 ;
a47 V* a48
...
1
—.25'
10
24 y2 Mar 1
•
15
15
1.10
15 y2
15%
1.20
—10
—_—*
—
1
37% Mar
•
40c
17 lA
—
_.
Company
10%
Jan
7%
200
12'A 12'4
a43% a44%
47 Va 47'/2
a30
a30
alOVi alO'A
al% al'/a
32c
a32c
8c
17c
al2% al2%
1
Co
Petroleum
Nordon
Oceanic
Jan
20 y2
52%
__
10c
...
Investment Co
& Co common
(I)
Menasco
I
Feb
Co....
Corp...."
Aircraft
Lockheed
9 Ya
1,325
537
170
—1
54]/4 Mar
1,450
1,725,
13
—
__10c
Jan
Jan
200
al%
10c
—;
45
Feb
16%
168
2%
__
—...1
7
Co.
Oil
Lane-Wells
Mar
36
a57%
9
1Q
—°
*
Corp.—.7—
Petroleum
275
13
2%
—
Corp.:X—7
Hupp Motor Car
Feb-
15 'A. Feb
13
13
a57y8a59y8
9
9
__
Corp.....
Feb
6y4
18
295
100
Rubber
&
12% Jan
v.
9%
12%
—
21
y -
.
•i'
common
1.85 Mar
20
Co
Hancock Oil Co class A common_____«
Mar
33
Corp
Tire
Goodyear
Feb
107%
Paint
Jan
1,035
12%
2.50
14% Mar
2.00
1.30
13%
9Va
.—
—2.50
Co.—
Corp
49
36V2 Jan
— —.
common
5
—.1
General Motors Corp common—.
Jan
49
Co
Radio
205
.
-
Oil .common——-
Republic
Poster
&
High
Jan
1,636
9%
9
13
260
..
•
Kleiser
&
Equipment
Low
1.80
a54,/8a541/B
a36%
'a36
_
.
&
v.'"
—.4
Corp—
Television
Parnsworth
—
a20% a20%
Y:
common'——
R
Derrick
Emsco
16'/a
*.
Die
Douglas Aircraft Co
Electrical Products
25
a42% a43%
_
common
Industrial Rayon common.
Ohio
-107
;
I
General Electric common
Y
Mar
;
Republic Petroleum Co common-
40 % 7-
40%
America
of
Mar
16
&2i% a21%
^
Cleveland Graphite Bronze com
N
Feb
Mar
49
,
Creameries
•;r7yv7;;Vi'
Addressograph-Multigraph
Co
8% Jan
Jan
"
; 100
20
,',120
a36y2 a36%
Unlisted—
Glidden
:.:7ylQ3
-' 100
11
11
* "
—
pfd__—_—1—100
;_r
White Motor.'il——-150;
Youngstown Sheet & Tube—
—rir——
—
Range Since January 1
207
1.95
1.95
1.70
1.80
16
16 y2
54
5414
a84% a85%
10
10%
23
23%
—
%84%
10
*X. 23%
1
"
Preferred
Mar
44% Mar
.
Inv Corp
Mar
48% Mar
—
Weinberger Drug Stores—_.r
West Res
,
-8%- 8%
12%■: 12%
:
35
'" 35 '. '36 "
r
761 "• .33%< Jana43% a43 Va - ' " 50 *< >40% • Jan
„
a38% a39%
2T
-33% Jan •
18y2 18% '
440
v'15%. Jan
6% 6. » 6%:
975 '" ' '
Jan .7
A—•
class
LeMur
•
23% Mar
12/ -'2L%-Jan
150 - A11 Mar '107 '- -5% Feb
204' • ' 15% Mar 55 - 110 Mar
^ 125
6% Jan ' •
150
12 /Feb
a22%a22%
''
12
12
—
Mar
114% Mar 1
-
'32%''"33:V77'7-:;'3017'7.:'^""
33 '
■Interlake.Steamship
Jones
50
5
.
a47% a48%
* 205
'40% Feb
• a43'% a44%-'J 111--'-(36% ^Feb ••
47 *
47
10 *
45
Feb
'
14'% 14y2
"329 ^ 12% Feb
49
49 - •
25 ■ --43-Vi - Jan •
' 106%-106% •
■ '<15
-107- - • Feb , ■
..I
Great Lakes
'Halle Bros
'•
__
„
42% Feb
13
Jan
19% Feb
-51
__
»
*
Hiah
;'
__
*
*
25
•
Range since
.
£?■■■'■'■■ Hi 11%' 11%
5
Manufacturing
January 1
"7;";Low
6
200 V7
'5Va Feb :;yo "
11%
100
10
Jan
T7V4
440-15 "... Jan. y.;- 70%
200 ' 63
Jan *
715
' 760
14
Jan
45
al7% v-' al6% al7y4
i. ' '
70
70%-'
14J/4 14%
a43% a45 : •
"
.14% 14Vz
V
y- a23% a23%
Corporation—.—
_
Shares : 7
of Prices ,
Low High
6
6
7—"
——5
Body
Ice & Fuel
1"_
...y_"__.»::
Cleveland Cliffs Iron preferred
*
City
Fostoria
Range' '
Sale Price
-
—.2
Bolsa Chica Oil Corporation.
1
Broadway Dept Store, Inc common-,...*
Central Investment Corp
100
Chrysler Corp
—_—5
Consolidated Steel Corp
*
Sales
for Week
Week's
Last
.7 r<
Akron Brass Manufacturing—
American
'
Blue Diamond
Shares
High
Low
Par
official sales lists
inclusive, compiled from
both
24
to March
for Week
Range
of Prices
Sale Price
STOCKS—
:v.
Sales
Week's
Friday
•
Cleveland Slock Exchange
315
12
Feb
175
22%
Jan
27% Mar
107
100
32% Mar
33%
144
54% Mar
55
Feb
Mar
16% Mar
380
14Va
75
27%
Feb
Jan
31%
Feb
157
46%
Feb
46%
Feb
336
13%
Jan
14% Mar
70
78 Va
Feb
78 Va
75
Feb
128
75
67
Jan
1% Mar
Mar
47% Mar
539
51% Mar
53 V4 Mar
100
12
Jan
14
512
42%
Feb
47% Mar
93
Feb
95
10
35
2
150
125
1%
44
6%
37
Mar
Mar
Feb
7% Mar
Jan
39% Mar
:' Monday, March 27, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1276
OTHER STOCK
EXCHANGES
Week's
Philadelphia Stock Exchange
.'V''1
•'
•
;
Tel & Tel
American
Securities Corp
Co—
Bankers
Wheel
Budd
382
20%
21%
315
37
37
Delaware Power
6 Va
6%
320
Battery
Jan
preference
preferred
Philco
'-5
5%
29'/a
common————*
: 24%
5c
Jan
5% Jan
2,478
26
Jan
30 Va Mar
90c
Jan
W 2c
Feb
8%
8%
9%
4,210
1,115
1%
140
1%
5% Mar
Feb
9% Mar
80c
Feb
1 % Mar
22%
24%
24
7c
Jan
6%
5%
Jan
3%
5%
Jan
25% Mar
80
162
Mar
166
19%
Feb
22
24%
23%
Jan
25%
116%
Jan
118%
Jan
Exchange
St. Louis Stock Exchange
Chicago Stock Exch.
Chicago Board of Trade
Associate Member Chicago Mercantile Exchange
Feb
25%
Members
Feb
118
:
30
•
30%
425
16
100
Mar
20
35% Mar
35%
35%
29%
30%
45
27 Va
Jan
39 Va
60
38%
Jan
43
Feb
59 %
153
57%
Jan
60%
Jan
1%
1%
512
,
1%
34%
34%
33%
lis
——10
20
2% Jan
1% Mar
4,593
1%
—:
preferred—
59b
40
15
Jan
17
Mar
25%
:
17
7
26
35
22%
Feb
27
Feb
:'■'■
Week's
1
;
Last
J.,t»
<•
#
Allegheny Ludlum
Co
Steel
Byers
26%
...
;
Blaw-Knox
25%
9 Va
8%
(AM) comrnop.
\
Jan
108
,
9 Va Mar
15 Va Mar
Jan:
13
15
14%
14%
'
27% Mar
Feb
7%
120
26%
8%
'
«
L)
(D
4%
4%
243
4%
Feb
5V4 Mar
1%
1%
1%
100
1% Mar
1% Mar
325
3%
Jan
32
16 Va
Jan
17% Mar
Jan
8% Mar
179
3%
3%
16%
16%
8%
165
*
10
—;
Jan
Feb
142
Uih
8%
r '.;'
--
15 Va
8
4Va
^
Range
100
Aluminum Co
Asbestos Corp
common
.
Co of Canada
Brazilian Traction Lt & Pwr_.
British Columbia Power Class A
Mills
Silk
Bruck
•
*
_
Canada Cement
—
class A
Canada Iron Foundries common
Canada Northern Power.
Canada Steamship common
Forgings
Wire
Preferred
preferred
New
—25
Preferred
Canadian
Celanese common
•
Cottons preferred
100
*
*
•
*
25
»
Investment com
Canadain Foreign
Ind Alcohol
common
"B"
Class
;
Locomotive
Canadian Pacific Railway
Canadian
Cockshutt
...
Cork & Seal Co
»
Distillers Seagrams common
100
Preferred
Dominion Coal preferred
wnr
footnotes
see
page
8%
652
100
35
•435
66
40
..
7%
8%
44%
34%
8"%
28%
26%
38
__
26%
''V
170
44
11
5 % Jan
Jan
Jan
11%
130
inc.. 1964
!—
33
__
—
25
.
1279.
14
33
40
108% 108%
39
27%
13%
23%
28
14
23%
42%
215
13%
55
42% Mar
'13% Mar
Feb
125
Mar
VMar
20
Jan
10
Jan
12
Mar
•
10%
10%
75
Jan
10%
34%
10
31
Jan
35
66%
$22,400
63
Mar
Week's
9V8
Feb
Mar,
for Week
1,409
9%
10
72
Jan
74
-
109% 110
12% Mar
7% Mar
Jan
110
8
Jan
common,*..
*
7%
7%
Lime & Alabastine
•
7
7
100
6%
Jan
7% Mar
5%
6
97
5%
Feb
6% Mar
Bridge
Hamilton
•
Hollinger Gold Mines.
Paper
common..
Preferred
Bay Mining
Industrial
107%
500
352
13
Feb
45
107 %
26 Va
Mar
30%
Jan
13%
3,225
13%
Jan
14%
Jan
11%
1,735
10%
Jan
12%
Feb
300
7
Jan
7%
Feb
21
7%
21%
200
21
Mar
24
Jan
96
Mar
13%
11%
7%
21%
Com
Jan
h. 185
—
28
V8
16%
Jan
Feb
27%
___.—„._iooV"
12%
11 % Mar
15%
107% 107%
£ 1
Acceptance Corp.
11%
15%
96
15%
%
Preferred.4
:
1
•
Imperial Oil Ltd—v.-13%
Imperial Tobacco of Can common
5
11%
Preferred
/-V,
11%
——5
100
Smith
Howard
/■■:
86% Mar
Jan
Jan
125
(Charles)
Gypsum.
Hudson
9% Jan
11% Mar
108%
205
'
Gurd
Jan
Jan
85
,
2,920
V
5
16
8% Jan
50
•
Jan
lb
130
9%
Feb
Jan
Jan
4%
20
Feb
Mar
8%
Jan
7%
173
12%
Jan
10%
Jan
355
86
loo
Jan
8
143
5
12
8%
,
9%
835
15% V;
86
Feb
7%
1,025
Jan
118
Feb
116
60
1
High
LOW
High
100
Preferred
Range Since January
Shares
—•
preferred
Jan
108
'
40
93
Jan
96
22
Jan
24%
Feb
Jan
25
24%
24%
24%
150
International Nickel of Canada com__*
29%
17%
29%
29%
854
28%
Feb
31
17
17%
660
15
Feb
18% Mar
*
20%
20%
21%
758
20 Va Mar
•
24%
24
24%
350
20
Jan
30
108
Mar
113
Jan
26
Jan
14% Mar
International
Bronze
preferred
Paper common..—15
International
International Petroleum
International
Power
Preferred
Ltd
Co
common
108
100
—
28
Feb
Feb
McColl-Frontenac Oil
125% Mar
33% Mar
5%
66% Mar
:
Sales
.
of Prices
•
59b
General Steel Wares common
39%
Feb
Jan
12%
Jan
12% Mar
Jan
42% Mar
27%
Jan
29
109
(Robert)
Mitchell
Montreal
Mont
Cottons
«
preferred
Tramways
Murphy Paint Co
~8%
"»
.
Light Heat & Power Cons
Montreal
25Va
...
,
common
'
25%
6i6
23
14
100
13%
9
755
7%
215
18%
115
8%
18%
130
National
Breweries
Preferred
common
22%
27%
Jan
Feb
Mar
Jan
National
Mar
Niagara Wire Weaving
29% Feb
33
33% Feb
40% Mar
Noranda
109% Jan
28% Mar
14
Jan
23% Mar
Steel
Car
Corp
.
^
*
15
•
34%
41
Mines Ltd
_•
Ogilvle Flour Mills common
Preferred
Ontario
Ottawa
Steel
H.
•
14%
21%
comon.—
Railways
& Power common
♦
;
8% Jan
Jan
19
Feb
Jan
130
Mar
19% Jan
22
Jan
Feb
24
Jan
Feb
15
Mar
35
Mar
126%
21
22
5
15
15
100
34%
35
1,320
41
41
1,161
41
Jan
43
Jan
»-* CO
Jan
15%
Jan
14%
14%
640
21%
21%
525
50%
50%
50%
473
26
26
165
170
170
100
21
13%
33
15 %
Jan
Jan
48%
Jan
23%
Feb
161
Feb
21% Mar
51%
Feb
26% Mar
170
Mar
—
13%
13%
50
13%
Jan
14% Mar
24%
II
*
100
11,612
7% Mar
16
,
Feb
Jan
19%
2G
100
Products
Electric
Ottawa L.
*
_»
27
9%
Feb
22
19%
ioo
25
•.
130
y
8
*
7%
igi/2
100
•
25%
14
»
•
Candy
Feb
50
Mar
Jan
Jan
Mar
Jan
.Jan
17
33
5
•
Gatineau Power common
Massey-Harris
Jan
32
123
300
12
Feb
Mar
11
•
10
19
15%
Foundation Co of Canada
Lake of the Woods common
39
108%
23%
13
23%
—
Enamel & Heating Products ———*
Laura Secord
1,680
'5
330
295
100
i
•
7%
Feb
Jan
10 Va
17
in
117
7%
8
10% 10%
9%
9%
73% 73 %
7%
7%
7%
10%
•
Feb
57/a Mar
11%
17%
Feb
Jan
46 % Mar
239
2»
1
10
Feb
'700
Jan^
15
Low
*
30
Jan
5,302
16
135
' Range
—1-100
.
34%
Jan
27
175
16%
123
Mar
Mar
5
12%
545
45
5%
'
42%
29
■
17
41%
66
"
■■
.
Sale Price
Jan
24%
12
29
i,
18% Mar
12
Jan
25
350
5%
Jan
8% Mar
Feb
5%
■
67% Mar
Mar
33%
35
Jan
8%
460
44
Jan
36
5%
44
11
12%
9
12% Feb
Jan
123
5%
33%
Jan
Mar
35
33%
Jan
108
21
360
38
125
Jan
100
32%
495
27%
38
7%
Jan
: 27
25
Jan
Jan
41
270
28%
125
•;
8% Mar
17%
Jan
15
50% Mar
Mar
12
.
45
,
34%
1
Ltd___
Stores
Dryden Paper
Jan
Mar
66
325
9
VVvV
Feb
24
Jan
31%
291
34
10
9,725
44%
—
7%
1,070
66
.
Jan
20
81
1,591
34%
11 %
8%
12%
24%
Jan
104
20
8%
34
6%
,24 :' '
11%
__
—
'■ V
20
100
16% Mar
156 ■*. Feb
15% Jan ••
40
107
V'
Jan
8
425
20
Jan
22 % Mar
435
6%
23% Mar
;
Mar
21%
55
16%
107
27%
.—
Dominion Foundries & Steel
23
6%
'
13%
152
4,337
24%
8%
*
•
Glass
Dominion Bridge
99
22%
Consolidated Mining & Smelting
Crown
705
23%
Jan
21%
42
Plow
Consumers
15%
153 Va
21 % Mar
215
22%
25
...
23
15%
153
•
Canadian
Canadian
1,593
34%
Canadian Bronze common.—.
Old
Jan
16%
•
Canadian Car & Foundry common
96%
21%
8%
*
•
•
Breweries common
Canadian
Jan
21%
__
50
& Cable Class A
Jan
88
98%
•
i—100
*
100
*
preferred
5%
Canada
89
70
98%
eommoh——6%
Preferred
Canada
Jan
9
<
5
95
98%
15%
152
23%
100
*
Building Products class A—.—.—_
.
Jan
91
220
—22'/a
class A—"
Power & Paper
Telephone
7% Mar
75% Mar
113
Feb
10% Jan
91
Mar
98% Jan
100
Jan
22% Feb
Jan
.
91
V-'7'
21%
♦
—
.——
Breweries
Associated
Bathurst
.„ioo
of Can pfd
160
9
—•«
»
Ltd
9
112
60
95
Preferred
Aluminium
113
113
74%
4
75%
75%
6%%
225
7%
7
Works Ltd common..
100
preferred
—100
Shoe preferred—
♦
Algoma Steel com
Acme Glove
Agnew-Surpass
Feb
Jan
18
84
15
18%
—15
Dominion Textile common
High
~
Jan
16% Jan
5
123
■
—,
5
__
Dominion Tar & Chemical common
January 1
5% Jan
Jan
6
Jan
5
Jan
l7/8
13% Mar
220
14
■
—
Dominion Glass, common—
Dominion Steel & Coal B
Low
High
Low
Par
37% Mar
LISTED MARKETS
lists
Range slnee
Jan
1 % Mar
53
BONDS—
Dominion
Shayes
of Prices
Sale Price
STOCKS—
35%
13%
_
common
80c
42
.'W
»
-
10% Mar
525
16
Par
Sales
for Week
1%
Jan
Jan
.9'/4
408
5%
16%
•
__
Mar
50c
3
60c
37%
16 %
—
STOCKS—
compiled from official sales
Week's
60
18%
Funds
Last
Mar
10%
18 Va
«
common
St Louis Pub Serv 25-yr conv
Montreal Stock Exchange
Friday
9
330
18%
;•
Last
March 24 both inclusive,
Mar
6% Jan
7%
50%
Friday
March 18 to
15
Jan
CANADIAN
Canadian
19% Mar
Jan
13%
Metals common-
Electric
Jan
12
50%
common—
preferred
Wagner
18
25
14
Sterling Alum common
Mar
50
15
LiSi*
Scullin Steel common
Feb
17
16%
16%
15%
3%
1
:'V;.
1st
19%
5
5'A
'
Goods common
Dry
24
-20
Scruggs-V-B Inc common
:H4%
16%
15%
Walker Refrac
Star Gas—
Rice-Stix
Feb
1%
5;-
common
common
Candy
National
1
Mar
4%
,15%,
Pitt Brewing.———
Harbison
*
9
1
Brewing
Duquesne
Jan'^'V
7%
160
9
*
10
Devonian Oil
*
9
23
60c
1
—
_
75
37%
Machine common
National Bearing
'
'
*
Candy———
Columbia Gas & Electric commonContinental Commercial Corp cornClark
__
McQuay-Norris common
Meyer Blanke common
Midwest Piping & Supply
High
Low
High
Low
Landis
"
'
Par
Steel
Laclede
Range since January 1
Shares
common
Laclede-Christy Clay Prod
for Week
of Prices
Sale Price
STOCKS—
Johansen Shoe
155
■
International Shoe common
Sales
Range
Friday
5%
7%
.
-100
preferred
.100
Hydraulic Pressed Brick common•
Huttig S & D
compiled from official sales lists
21 both inclusive,
Mar
5% Mar
5% Mar
23%
10%
7%
Hussmann-Ligonier common
March 18 to March
27
19%
.
■#
Pittsburgh Stock Exchange
Feb
_
_
_
Mar
23%
15
#
1
..
43
5%
—
Falstaff Brew common
Mar
Jan
1
40
•:
Mar
47
23%
5%
1
Pepper common
27
7
•
40
105
42%
27
1
Jan
46% Mar'
48
47
42
Century Electric Co
Coca-Cola Bottling common..
Dr
.
ff'A
55
^:7M'
47
—
Burkart Mfg common
—
.
1
-50
Brown Shoe common—
17
High
Low
High
'
American Inv common—
1%
Range since January 1
Shares
of Prices
Low
Par
—
'
Sale Price
STOCKS-
for Week
Range
Last
Jan
36%
Feb
Sales
Week's
Friday
1 % Mar
Jan
1
15
770
inclusive, compiled from official sales lists
24 both
March 18 to March
Jan
2
Exchange
St. Louis Slock
30% Mar
:
1% Mar
1%
1%
593
Associate
Curb Exchange
New York
Phone
CEntral 7600
Bell Teletype SL
5*.30% Mar
Jan,
.
32% Jan.
-
Missouri
'
Jan
717
20
—
Co.
New York Stock
Feb
2,737
58%
'
:
and Unlisted Securities
North 4th St., St/Loui* 2,
300
4%
38%
—*
——-*
Westmoreland Inc >—>—
Westmoreland Coal
5% Feb
—
distribution—.——-——
Ex-stock
6% Mar
116
685
Improvement—
Gas
United
Bell
Jan
Edward D. Jones &
Mar
20%
24
*
preferred
Lone
■;; 5c
80c
500
85c
"5%
St. Louis Listed
7% Mar
,
9,687
162
118
—
25
Corp preferred
10
-i
30%
19%
—
Feb
5%
19
—
—- —
■
United Corp common
Fort
950
85c
*
Mar
5% Mar
Feb
4%
r
105
Jan
95
170
Vv
5 Va
1%' Jan
59% Mar
Jan
4%
808
30 %
common—50
—————50
preferred——50
Paper common,—;
8%" Jan
Jan
6%
■*
162
.——
preferred
Transit Invest
.
1%
'
..
131
105
■V
Jan
Established 1871
29%
162
20 Va
Reading Co
Sun -Oil
930
'
7%
6%
v.
6'/a
——100
Corporation ——
3
4.4 %
43
,
10
6%
50
—50
•
Manufacturing—
Salt
39%
51% Feb
1,289
59%
9%
-*
Philadelphia Electric Co common
.
160
1V2
1%
1% Mar
Jan
50c
Jan
221
42%
57%
57%
>■
—-—1
Pennroad Corp
Pennsylvania RR
.
,
4,350
14% Mar
297
41%
•
Light—1—
National Power &
$3
65/s
46%
Feb
13 % Mar
.14%
Lehigh Coal & Navigation———•
Lehigh Valley RR
50
Scott
Springs
v; 1%
5%
85c
1
1
1
Westinghouse Air Brake
7% Mar
•
-1
.
3% Mar
Jan
103
"5%
1
.
Jan
6%
,
'
14%
Motors—^—--—--*--—10
General
2nd
,
Steel
Standard
Mar
86
Mar
5
42%
17
43% ; 431/4 "
(w-d)—13%
& Lt com
■■'1st
8% Mar
Jan
78% Jan
77
——•
Electric Storage
$1
Co
San Toy Mining
_
___
Shamrock Oil & Gas common
Mar
3%
525
,
'
1
.
Gas—5
25
*
Pittsburgh Screw & Bolt Corp...
United States Glass common
85%
"l%
48
7%
"
preferred—
Prior
Penna
7%
8
83%
.
->
—5
84*4
common—6%
—.
■
*
Chrysler Corp
Curtis Pub Co
Feb
37
10
—*
3%
7
Pittsburgh Plate Glass
21% Mar
34V4
200
8
8
Feb
19
High
Low
',,
3%
3%
—1
Corp
V Vv-.V-.
High
Low
Par
Fireproofing
Pittsburgh OH &
Jan
159% Mar
Jan
156
Renner
20%
13
preferred—50
—*
Works vtc
Baldwin Locomotive
145
157% 157%
157 /a
High
16%
14% Jan
15%
15%
'
Low
High
Low
*
100
National
1
Range since January
Shares
of Prices
■'Far
American Stores
for Week
Range
Last
Sale Price
STOCKS—
Range since January 1
Shares
..
McKinney Mfg '
Mountain Fuel Supply
Sales
Week's
Friday
;
.V.'.'v
STOCKS—
for Week
of Prices
Sale Price
1; 'V1'' V -j:-r ,'■' v v
official sales lists
inclusive, compiled from
24 both
March 18 to March
Last
■
Sales
Range
Friday
>'■
24%
100
24
Jan
25
120
7
Jan
8%
8%
8%
Feb
Feb
'Number
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
'
4267
Friday
Penmans
Placer
5 %
Canada
of
Corp
Bros
Co
&
—_1
——*
—-*
.
11%
6% :
Knitting
common
—
common
15%
1,045
15
16%
20
10%
170
65
71%
71%
11
11
"8%
'8%
3%
7%C
800
3.70
4,385
6c
2,200
4c
800
1.00
1.00
65c
G5C
.
7c
•
Htgh
.
;
Feb
10c
Jan
Jan
3.40
3.70 Mar
4c
Jan
9c
Jan
Jan
Ltd
Co
Jan
2%c
Jan
6c
Jan
1.00
Gold
Mines
Cons
42c
Ltd——.
Jan
1.00
Jan
100
Mar
72c
Jan
1,,700
46c
65C
42c
Mar
65c
Jan
Jan
1.80
Feb
3.25
3.25 Mar
3.55
Feb
3.00
3.00
2.95
Feb
3.30
Jan
3,50
3.55
3.25
Jan
3.65 Mar
21
Ltd——.
Mines
200
.
21
20%
Jan
21'A Mar
1.67
3.25
1.62
4,600
1.70
Teck
Hughes Gold Mines Ltd
Wright Hargreaves Mines Ltd-..
Jan
16
„.
,53
Jan
1
oils—
16% Mar
16% Mar
10
Jan
11
Feb
63
Feb
65
Jan
69
Jan
71% Mar
13
10%
Oil
Home
Ltd..
Co
——
Royalite Oil Company
Limited.
■
Jan
25
8% Mar
4%
3% Feb
.
Feb
12
Jan
7 %
,\
.
Siscoe
15% Jan
Jan
Jan
153
•
4
Low
7%c
^
—1
.
8%
•:;y 4 %
Range since January 1
4c
'
Mar
10
65
71%
City Rapid Transit common——'''
United Steel Corp
»•
Feb
90
64
Shares
High
3.50
;
Sherritt-Gordon Mines Ltd..—
Feb
103
Peb
46%
190
16%
Twin
8%
11.
15
50%
Low
1
6c
Ltd.
—
Sheep Creek Gold Mines.
2% Mar
10%
.—_—*
Feb
14
75
15
—25
Preferred
Tooke Brothers
Feb
14
100
870
14%
50
97
Feb
Jan
9
103
2%
14%
Crest
Sullivan
'
"2%
of Canada common.-,-*——*
Co.
10%
Mines
Jan
$ 7% Mar
50
Red
Gold
Gold Dredging Ltd
Gold Mines Ltd-
Cons
Shawkey Gold Mining
12%
100
Cadallic
24% Mar
Jan
93
10%
Steel
Jan
55
103
14%
Power
7%
;
228
7%
103
Canada
Pato
13
10%
Southern
Feb
97
7Vz
• *
Jan i
11%
19
24%
12%
50
St. Lawrence Paper preferred-.
100
Bhawinigan Water & Power
_*
Simpsons Ltd class B—
——*
52
Jan
6% Jan
225
Jan
4,385
22
Par
Pandora
Sales
for Week
Range
of Trices
Sale Price
High
.
11%
300
97
100
Saguenay Power preferred
St Lawrence Corp common--.
Class A preferred
;
6%
6%
—*
*
*
-
Rolland Paper
11%
-
-100
preferred
11% s
,
50
75-
'51
51
23%
Ltd common
Quebec Power
Regent
m
51
common
Development
Power
Price
Ltd
v.;'-,
Low
;
STOCKS—
Range Since January 1
Shares
High
Low
CO1
Last
for Week
of Prices
Sale Price
STOCKS■
Range
Week's
Friday
Sales
N
Week's
Last
MARKETS
LISTED
CANADIAN
1277
:
Jan
'
"6%
Winnipeg Electric common—...;
*
Preferred !
——.100
Zellers Ltd common—
*
6%
:
6%
Jaii
17%
Jan
1,071
6%
Jan
-
Jan
Toronto Stock
7% Mar
68% Mar
62
65
March
•''" "
1 i:V
''-V>
Banks—
135
Jan
151
151
80
150
Jan
140
Royal
i''
140
74
135
Jan
Mar
142
Abitibi
6%
Power &
Acme
Ajax
Gas
Ltd
Co.
•
Friday
-
STOCKS—
^
^
(*' l'i '
<
1
1' '
<
Abltlbl Power &
'
1
-41.
—
•
3
272
71
65
preferred —.*_!*—*——*-*.
•*
Beauharnois
Power
Oil
American
Malting
Starch
pfd
—
22%
685
21
Feb
22%
25
594
23
Jan
25
106
106
106
15
Jan
107
Feb
.100
11
11
10
11
.100
110
110
15
110
Jan
11%
11%
50
147 147%
162
pfd—
Ltd—*
»
Co
Marconi
Vickers
Westinghouse Co
Food Products Ltd
Catelli
Ltd
Alcohols
Commercial
Div
Consolidated
Paper
Mar
50c
Jan
2%
50
2%
190
60c
28
40c
*
55
5
Mar
61
68
40
Jan
11%
50%
51
Ltd
Oilcloth
11%
East
Dairies Ltd
Eastern
Fleet
Ford
Ltd
Aircraft
Motor of
John
14
cum
32
2%
2%
2%
preferred
3'%
24%
23%
Massey-Harris
22%
20
Oil
23
Preferred
preferred
21
21
Walkerville
$1
cum
pfd
Jan
Jan
23c
Feb
3.40
3.50
3.766
3.20
Jan
4.15
Jan
210
23c
Feb
16
Jan
Jan
18
Mar
210
1,300
13 %c 14 %c
14,636
151%
113
150
Jan
157
j an
236
100
232
Jan
236
Mar
Jan
11%C Mar
13%
Feb
16% Mar
36c
Jan
1
Mar
11%C 11 %C
10c
5
20%
20%
—
21
19%
Jan
21
106
103%
Jan
106
2
1.50 Mar
8
.
-
8%
1.25
Jan
28% Mar
4
Jan
1.50
5%
Jan
7
Feb
28c
—
7%
'27c
30c
6,080
105% 105%
65
7%
25
?7o
104 %
10
7%
25
5%
25
21
Jan
Mar
98
Feb
*
3%
1.75
60%
57%
Feb
50
50
50
43 Va
Jan
50
Mar
20
Mar
*
12
12
8%c
3,200
25C
26c
15,200
Mar
11%
Jan
21%
Feb
24% Mar
21%
21%
Feb
22%
24%
25
405
22
Jan
22
23
215
22
Mar
_
•
....
-.
class
•
A
22
2%
2%
2%
1.06
1.02
1.12
62,337
70c
71c
Gold
7%c
2,000
3.80
1,300
5%0
6%c
8,500
16%
3.70
60
_.
*
Mines—
*
-
...
16%
15%
5,075
22 %c 22 %c
575
21c
Jan
5%
230
5
Feb
6%
7%
8% Mar
'
6%
5
104'/a
Feb
107
Jan
Mar
106
Mar
20
Mar
33
33
45%
45 %
97%
97
y
%l
-
■'
11
11%
34 %:
34%
—
65
class A
100
133
•
8
common—
„
13%
100
*
..28
1
Mines
Gold
—
Wines*__.—_
Central
Cadillac
Dome Mines Ltd
Gold
Francoeur
J.-M.
Lake
Gold
'*__*
Shore
Normetal
O'Brien
Ft
Mines
Ltd
Ltd
—
.
Corp Ltd
Mines Ltd
fontnnt.es
pee
page
■v
200
1
3c
3c
6,000
7c
7%c
12,000
Coniagas
l%c Jan
3%c
Jan
3 %c
14c
6%c
1
6%c
.1
15%
15%
70c
70c
1
1279.
38c
.Tan
Jan
Willans
Plow
Lake
1.55
1.55
4%c
15%
70c
1.38
Jan
Feb
Mar
Jan
■
Gold
Mines.,
—
1
y
91
Jan
8%
8.860
45
130
1
•
Feb
12
Jan
14
Mar
■
S
8%
Jan
24%
Jan
28
Jan
39%
5
37%
146
46
47-.%
64,
43
44
140
.
1,530
65C
137
137
10
11%
11%
5,737
1.55
1.70
650
"
•.
90o
.
500
90c
1.82
2,105
ll%i 11%C
1,752
1.77
1.77
„
94
5
94
4
4%
300
32C
42c
3.400
1.30
1.40
13
.
13
..."
1.89
23C
Mines—.
Consolidated
6%c Mar
Consolidated
25,400
22c
1,500
1.25
1.25
950
1.45
1.52
2,706
•
Bakeries
Mining
15% Mar
Consumers Gas
80c
Jan
Cosmos
Feb
Cub Aircraft
1.75
'
___•
———y—j*—
"
Jan
12,100
490
12%
21C
13,925
15
1.94
12%
.
22c
Mines
Ooniaurum
1.90
'
Casualty.*—!
& Smelting
(Toronto)
Imperial
Corp
Mills
15
15
210
10
3%
3%
150
5
100
42%
.358
130 132%
70
41%
—*—_*
23%
23%
75
»
8O0
80a
100
;
,
35%
Jan
144
5
146
"
97/a
75
385
9
27%
5
Lid
9% Mar
885
65o
22C
v
13%
11%
;v.i«...
Mar
45
Jan
8% Jan
Mai-
8% Mar
Jan
13%
'vC
" 'wi.
•
24
'
-'
5
40%
136
Jan
37%
w.
;
5% Mar
93% Mar
Feb
132
2G
4
1
...
Mar
40
648
.
22%
y
«
Co
—
Consolidated Fire &
*
!—
Mining
Gold
27
39 %c 39 %c
_1
Mines Ltd
Rand
Com moil
Jan
26 % Mar
26%
—
Ltd
Joliet-Quebec Mines Ltd—...
Kirkland
Jan
44c
70
—
Mines
Consol Gold
29%
Mines Ltd.
Gold
Knitting..
5
100
•
Feb
67% Mar
120
1
.
12% Mar
35%
Jan
545
2G
*
L
Jan
Jan
65
9%
47
,
9%
31 %
.
23%
''
Rv
Mar
9%
■
37%
—i*
Mar
151
22%
x' ;"'1'
•
;
—
99
Jan
7%
23%
100
—*
common—.
!_
Jan
44
*
common——*
170
5%
Feb
90
r.-'J
.U
310
93%
Mar
46
133 133%
—*
————
■
720
y
67%:
92
92
100
12
35V4
5%
5%
—*
preferred..
Commerce
preferred
i'/! •■1.
Feb
33
J an
145
ion
151
22
Mar
43 %
10
125
i
rs
151
151
common..-—
of
•
; ■»
75
20
33
105
75
105
20
1.35
Coin
Jan
290
105
*
Cochenour
Jan
7
106
,33
l
Corkshutt
Feb
25c
6%
•
105
1
Jan
2.24 Mar
Jan
1.90
Jan
'ifi'
Research Corp...
Feb
Feb
2.04
32c
Mar
Jan
9%
1.94
,,-hs •' —-Z'
—l
8c
4c
250
.100
11c
Jan
Jan
17
Jan
0
22 %c
;
3%C
Jan
3c
215
8%
——
Cable
Patricia
Jan
3,000
3,200
Jan
9%
8.000
5%
Ltd
Pacific
Jan
300
5%C
Feb
4.35
1.95
1
Locomotive
2c
7%c
5%C
8%c
Jan
3.55
106
Celanese
4c
2%c
7%c
Mines Ltd
Jan v"
5%c Mar
6%c
8%
common.
Canners
2%c Jan
2%c
*„.
——1
——
Jan
3%o
_
*
Feb
2%
03C
3 %c
•
Mines
Mar
Jan
1.16 Mar
Jan
70c
20,000
7c
3.70
70C
1
*
Mines
69c
Jail
Mar
25
24%
2% Mar
113
•
_
Breweries
Bar
12 %c Mar
830
Bakeries
Chemical
Mar
930
Bank
Gai
Jan
27c
4,408
Chestervllle Tjarder Lake Gold Mines
;
10 %c
12
_
Wire &
Chateau
21% Feb
V:
22
Chartered Trust & Executor
Mar
.
7%C Mar
Feb
20c
24%
Cariboo Gold Quartz
Mar
Jan
17
fe;
20
7%0
25c
11%
Central Porcupine Mines
12
275
19
7%c
1
.10
Jan
21%
— ——-.
Oils
Jan
50
Steamship Lines common-
Central
63
Jan
1.00
67c
»
Gold
Packers
Canadian
Jan
60%
—.*
157
Jan
Permanent Mortgage
Canadian
2% Jan
———*
151% Mar
411
V
Mar
Castle-Trethewey Mines
'•>
3%
20
Mar
88c
Canadian Malartic Gold Mines—.*
Mar
7% Mar
25
Mar
20
23%
Preferred
105% Mar
Jan
W. 29
Feb
37c
Cycle & Motor pfd-.—**.
Foundry class A.——
.
Canadian
Feb
Jan
15
1
; Canadian Food Products
4% Mar
30c
21%
155
—
Canadian
Mar
7% Mar
Jan
180
20
500
—
91%
2,514
29
93,358
—20
.«
Convertible preferred—-*—*———*
Canadian Car & Foundry common——*
New preferred
—
——25
Feb
Jan
2.45
1.76
151% 153%
Mar
48c
1st preferred
28 % Mar
2% Mar
•
1.72
common.
Cement
Canadian
Mar
85C
;
1.72
880
...
Preferred
Feb
■:
J.1.%
Canadian
2% Mar
7% Jan
2%
7%
150.704
2%
23%
Canadian
Mar
■;
8
1
Circle
Gold Mines
Jan
16c
42c
....
Oils
Canadian
Jan
106
' '
89,495
690 79%C
*
Amm
Feb
13c
6,073
•
15 %
15%
11
':
»
Canadian Bakeries
Mines-
Bouscadillac Gold
%c Jan
Jan
42 %c
14% Mar
Jan
17%
Ltd
.—
8%c
..
Steel
Bread
Canada
21% Mar
16
13% Feb
4%
pfd
9c
*
Corp
Preferred
18
4%
—
——
Jan
50
Canada
Jan
16
4%
Limited
Brewery
4%c
17 %c 21 %c
1,000
207,150
■■■
—1
Products Ltd
Canada
Walker-Gooderham & Worts Ltd H—
Common
Jan
5%c
88c
Canada
Feb
14%
———*
„—*
of Canada,
Jan
53c
20
Calgary & Edmonton Corp Ltd.
20% Mar
24
1.50
100
Standard Clay
Products Ltd.——100
Thrift Stores 6%%. 1st preferred—25
Distillers
Jan
18%
Quebec Tel & Power Corp A
United
18c
Mar
151%
Foundry & Forgings class B
Canada
Malting Co
18
28%
(w i)
Feb
38c
29
—
preferred...
Hill Extension
Canada
Feb
Provincial
South Mont Inv
12c
5,200
1.75
Can.
14%.
1.50
Southern Canada Power 6%
aac
15,400
*
pfd
Oil
Canadian
Canada
Jan
18
Corp of Canada 6% 1st pfd. .100
*
Transport Co..™.....
Power
25.900
14c
70c
—1
Porcupine Mines, Ltd—
Preferred
,16
i
*28%
._*
Mar
75c
Jan
75c
*
Power
Ankerite
Canada
20
common—*
Noorduyn Aviation Ltd
6.75 Mar
Jan
41c
,'■■:■",**:*
—
Oil
Canada
16%
5% pfd——100
6% cum pfd.100
Montreal Refrig & Stor v t
$3
% Mar
:i9%;"^ano
17%
Limited common.*
.10
Melchers Distilleries
6.10
«■
B
Burlington
Mar
Jan^
*__*.•—..10
Ltd
Co
McColl-Frontenac
2,884
58%c Feb
Light & Pwr com..*
Dominion
Building
Feb
22
21
Columbia
Bunker
Jan
24%
A
3%
Paper.
„*
6.60
...
Oil
Buffalo
Jan.
3%
Maritime
T,r
Mar
1%
Ltd——....
American
Broulan
Jan
Leaf Milling A pfd———„.*
Teleg & Tel Co Ltd
10
Maple
69c
_*•_
Corp 5%
Buffalo
Jan
32
& Paper Co..—.—*
Power
MacLaren
'■
1
————:—
Mines
Brewing
Calmont
16
32
22%
Power &
—*
_
"A"
Mines,
Brown
Jan
32
International Utilities Corp A
St
Jan
10,075
63c
13 %c
& Radium—.
Traction
British
29% Mar
International Metal Indus Ltd A.
Lake
99%
38c
11 %c
Mines Ltd
Gold Mines.
British
Mar
80c
pfd
Top
British
Jan
.24
trust
Voting
99
Jan
210
:
__
Kirkland Gold
Class
9
Ltd
Jan
96
235%
—1
—
British Columbia Packers.
6% Jan
———
Canada
88
95
■
Feb
10
Companies voting trust-
Fraser
95
12 %c
...100
Brazilian
Jan
16
7%
Jan
96
151
Bralorne
67% Mar
12
*
River
Bobio
Mar
3%
Aircraft Ltd—
Fairchild
Jan
18c
98%
6.40
3.50
_
Bonetal
Jan
7
Jan
pfd—
7%
Pr
Kootenay
_
2% Mar
75c
>
11
80
Paper Co Ltd
Donuacona
.
62c 62 %c
19c
Telephone of Canada
Blue
Feb
Linoleum—
&
Jan
68c
_
__
Mining
Blue Ribbon
156
Jan
2% Mar
53
Works Ltd
Dominion Engineering
Jan
1.79 Mar
1.10 Jan
15c
98%
6.40
...
Bidgood
Feb
Jan
Imperial
Dominion
10c
5%c
—
Bros class
Class "B"
Bell
11% Mar
'
Jan
Mills Ltd——.—0
Cub Aircraft Corp Ltd.——*—*
Cosmo
110%
47%
143
11%
'•
1.85
*
common
Corp
7,000
Jan
12c
_
_
Toronto.
Metals
Berens
Feb
15
Mar
6
pfd——.—12.50
Sec
Consolidated
.'
_
_
10% Jan
146
2%
6
Ltd
.
12,900
Jan
75
7%c Jan
1,000
Jan
36%
38c
__
Ltd
Beatty
Feb
61
40c
-
.
Canadian
1.68
3'/4
,
95
•
Beattie Gold Mines Ltd
Jan
6
2%
1
com.*
common
preferred
45%
99
Jan
40c
-
i
Ltd
43% Jan
90
2%
0
-
.
Canadian Power & Paper Inv Ltd
cum
11V4
Investments
"B"
Jan
62c
Rights
20% Mar
Mar
Ltd
Jan
■
Jan
pfd— .100
20%
Canadian Inter Inv Trust common
7%
20
■-
5
Cable 6%%
Mines
—
860
43
General
Canadian
104%
92
Industries
58
;:y>v-yl0*''.
15c 15%C
_
Mines..
Bear Exploration
t
Mar
*
45%
Common—
70
1.55
98%
pfd._100
Bathurst Power & Paper class A.
Feb
25
20%
Canadian
Jan
21%
92
Canadian
Canadian
'
45%
7%
of
Base
Jan
Montreal
of
Bank
8% Mar
24
2134
20%
Co
Canada Wire &
10%
130
,
100
Ltd
Co
Bank
27%
'
••
Power
Northern
Canada
Feb
Ltd
Co
Canada
Jan
7
5%
Bankfield Cons Mines.
-4% Mar
Feb
125
Mar
1,920
•
Canada
Mines
Bagamac
Jan
71
.
*
..
Dominion Sugar Co.....
&
9
1
8%
Calgary Power Co. 6%
Canada
168
125
8%
British Columbia Packers Ltd.;
Canada
Jan
Jan
9
125
Jan
36
Jan
60
50
5
-•
Bittlsh
9
27%
2%
3%
pfd—**— ■loo
7%
Distillers of Van Ltd.—
&
Brewers
"9
•
Ltd
Corp
3%
3%
2% Jan
2,682
32%
71
Bathurst Power & Paper "B"—_
:
2%
2%
.
32 %
15C
Ltd
Gold
Gold
Jan
31
8%c
_
Aunor
2%
8%c
Ashley Gold Mining Corp
Astoria Quebec Mines
Range since January 1
Low
High
Shares
High
32
Paper common—
Bclding-Corticelli
Sales
950
31
—
common
of
High
2%
8V2C
Arjon
Gold Mines..
Armistice Gold
for Week
of Prices
Low
Aquarius
official sales lists
LOW
2%
1.55
Anglo-Huronian
•/y v.'y.s
-
Weevs
Range
.
Pur
,
oreferred
6%
7%
Last
Sale Price
.
'' V*
>
<
,
Funds
Range since January 1
High
*
common
Co
Anglo Canadian Oil
Montreal Curb Market
Shares
of Prices
—
Copper
Aluminium
for Week
Range
:
Low
Oil & Gas
Aluminum
Canadian
Last
Sale Price
100
Oil
&
Aldermac
both inclusive, compiled from
Ay s
'•
r-
Sales
Week's
•
70
Power
preferred
preferred
-
7' >-■
•
<
,
official sales lists
inclusive, compiled from
Par
Jan
155
.
to March 24
both
STOCKS—
Fetj
135% Feb
133% Mar
25
133% 133%
Commerce
133
2
135
135
March 18
24
to March
Friday
Canadienne
Montreal
18
Exchange
Funds
Canadian
21% Mar
150
21%
21%
...
Feb
15
65 V4
65
65
>
52
18%
Feb
50
160
17%
17%
—•
Wilsils Ltd.
51'
50%
50%
Cotton—————
Wabasso
'
44
y
27
62C
133'
Mar
Jan
Mar
Feb
.
Feb
Mar
Feb '
150 % Mar
50
Jan
46% Mar
80c
137
Jan
Mar
Jan
12%
Fee
1.55 Mar
1.90
Jan
Mar
1.15
Feb
Jan
1.92
Feb
10%
90C
1.62
8%c„Jan
94
4
17c
Mar
Mar
Jan
13c
95
4%
48c
Jan
Feb
Jan
Mar
Jan
1.72
Feb
Mar
13%
Feb
J.86
Jan
2.08
Jan
11%
Jan
1.30
13
12%
Feb
15%c Jan
28c
Feb
Feb
22c
Mar
20C
1.20 Mar
1.42
Jan
1.45 Mar
1.70
Jan
Jan
15%
Feb
3%
Feb
15
3%
38%
128
Feb
Jan
Jan
21%
Jan
65c
Feb
42% Mar
134%
Jan
23% Mar
85c
Mt
Monday, March 27, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1278
."■•'V1'.V-*
"■ ^v
STOCKS—
.«
20 A:
*
*
cl A—*
Falconbridge Nickel Mines—---.
-*
Fanny Farmer Candy Shops
1
Federal Grain class A common——*
Preferred
.
-100
8%
r
1.70
——* ' 15%
Washing Machine—
English Elec Co of Canada'
Easy
Aircraft
Ford Co of Canada class
Fleet
A
Gold Mines———,—
Francoeur
3.20
31%
4V4
79 v
6%c
~~
24%
44c
*
100
preferred————
5%% preferred
General Steel Wares.—_
5%
—100
*
Gillies Lake-Porcupine Gold
1
Glenora Gold Mines—
_
1
God's Lake Mines Ltd
———"
Goldale Mine
.——1
—
Jan
11
Feb
10
3'/2
Jan
Feb
12 %c
2.00
Jan
Jan
15% Mar
Oil
Home
—*
Mortgage common—100
...ClasS.'iB
—
.—
Hui'on & Erie
78%
-*
5
11%
———————1
—100
-100
Preferred
Preferred A
—
Jack
Jan
4
Jan
25
Jan
48c
33c
66,238
.
84
45
Jan
Feb
95
11%
Jan
17c
Mar
22 %c
15c
Jan
18%c
7%c
Jan
Jan
5%c
Feb
6%
Jan
45
Jan
12
2V2c
Jan
4C
Jan
Jan
17c
6%
5%
4
Mar
12 %
Feb
100
Jan
103
4%
9c
Jan
75C,
Jan
Mar
13c
Mar
38c
ll%c Feb
500
110
15%
Jan
1,037
11%
Jan
3.30
Jan
2,300
26 %c
Feb
26% Mar
3,670
Mar
11
Feb
72
Jan
79% Mar
—
Gold Mines, Ltd
Gold Mines Ltd
Loblaw Groceterias class A
Little
Long Lac
Class
14%
3%c
1.14
95c
24
3
1
l
•
»
*
Secord Candy—
B
-v.;,,
Preferred
28%
Jan
30
6%
Jan
2,000
• Y
—
Maralgo Mines
Ltd
Massey-harris
—_____1
,
•
common
—
Frontenae
common——
Preferred
Mclntyre Porcupine
McKenzie Red Lake
McLellan
Gold
290
Mines
200
103
Corp
Mining
Mines
Lake
—
i
of Canada
preferred
Knitting
Monarch
Porcupine
Moneta
Montreal
Moore
Red
Graham
Light Heat & Power
Corp
Muirheads
common
Cafeteria
common—
National Grocers Co Ltd common
Preferred
National Sewerage
t
For
class A___
footnotes see page
1
1279.
—
__
44c
•
__
100
1
__
39c
19%
•
•
*
•
20
53
,
,...
98
17c
—:
Transcontinental Resources
—*
Twin City Rapid Transit common—*
Jan
„
—
—
% 20% Mar
Feb
22%
19,100
700
1,320
25
53
100
18,050
600
300
3%
5c
Jan
8%c Mar
Jan
40c
Feb
5
7%c Jan
4c
Jan
Jan
14
Jan
15
Feb
Jan
10
Feb
50c
Jan
9.05
32c
ifaar
Jan
12,200
80c
Jan
14%
Jan
160
12,500
93
12
10,600
217
1.17 Feb
—
2,123
620
1.20 Mar
17%
Jan
6.45
Jan
5.95
v
Jan
6c
Jan
13%
450 0
14,100
Jan
14%
Jan
6%c Jan
2c
2,000
1.05 Mar
8.600
—
ll%c Jan
Feb
-
—
1.27 Jan
90c
Jan
1.24
217
21%
Feb
;
24% Mar
23% Mar
12,320
Jan
25
22%
Jan
4,455
3.40
Jan
3.95
Feb
5,496
2.18
Feb
2.55
1.60
Jan
2.04
i
3.35
l%c Mar
56
6
Feb
160
Wood
13
Feb
Y 3c
9,000
507
1.35 1.40
4c 4%cY7
40c
44c
14c
15c
17c
19c
43c
52c
1.90
75% 77%
* 38c
39c
19%
20
51%
53
1.80 1.80
11%
28
18
1,275
235
28
1,030
4,985
2,000
15.373
8,300
4,500
7,940
1,400
30
4,450
310
313
390
5c
7%
102
Jan
Feb
Mar
56'A Mar
1.35 Mar
3%c
Jan
Jan
15
40c
Mar
7c
9%
8%
March ■ 18 to March 24
"
16
Jan
Feb
Feb
Jan
Jan
Jan
6c Feb
1.08 Feb
79c Jan
11% Mar
11 Mar
, 9% Jan
38 Mar
16% Mar
110 Jan
66c Jari
79c Jan >
5 Mar
1.20 Mar
3% Mar
8 Mar
27 Mar
65 Feb
72 Mar
2.29 Jan
20c Jan
.
2.35 Jan
17'/2c Feb
2.05 Mar
4'/2c Jan
7c Jan
1.60 Jan
1.80 Feb '
83% Mar
83'/2 Mar
2.00 Jan
2.47 Jan
15 Feb
16 Jan
3.25 Jan
3.85 Jan
1.05 Feb
1.20 Mar
8% Jan
11 Jan
92c Jan
1.15 Jan
85 Jan
98 Mar
15c Mar . 19%c Jan
13% Mar
15 Jan
13% Mar
14 Feb
41c Mar'
52c Jan
7% Mar
8% Mar
6% Jan
8% Mar
32% Jan
38 Mar
5 Feb
5% Feb
5%cMar
7%c Jan
3% Feb
4% Mar
1.96 Jan
2.48 Jan
6.00 Jan
7.00 Jan
10c Mar
19c Jan
20c Jan
24c Mar
4.50 Jan
4.85 Jan
57% Feb
63 Mar
20% Mar .
21% Feb
25c Jan
26c Jan
4% Feb
6% Mar
75 Jan
94% Mar
11% Feb
13 Jan
15 Jan
16% Feb
104 Feb;
107 Mar
4c Jan
17c Jan
6'/2 Mar
7% Jan
60% Jan
69 Feb
90 ' Feb
94 Mar
2.95 Jan
3.50 Jan
: Y 3%cMar Y 4%c Jan
"e,
Feb
106.
61
Jan
1.56
t
.Tan
Mar
Jan
19%c
53c
Mar
1.85
Jan
Jan
Jan
37%c Jan
Feb
47c
Feb
22%
Feb
19
Jan
46%
Jan
53
Feb
195
Jan
Jan
12
Mar
Feb
28'A
165
9%
50
27%
18
Mar
Mar
Jan
Feb
Low
\
,
Ontario
Pend
Silknit preferred
•
Temiskaming
Walkerville
Mining
Brewery
—.—100
Metals
t
1
*
—
—
1.36
9%c
__
•
Y
WpfIt
•
High
.7
J
Y,YY:
- 300
tow
8%;YYv^ 60
.110 1.20 - Y 425 ,
6%
6%
10,710
85% 85% -.
10
4% 4%
45
» -27 .28% , '
235
1.22 1.25
600
45
45
10
18c 22c
4.000
1.36 1.36
950
0%c 9%c
1,000
3%
3%
350
f
Range since January 1
9%Y;Y
100
2%I. 2%
2,205
LY—Y.*'v-sa vY- 9%
.....1.—1
Mines &
Oreille
7
—'YY 8%
.Y
-
Sales-
of Prices ^Shares
—'f'~'t
„
Copper Co
Osisko Lake Mines
20
—*
—
1
2%
——_i_———__5 Y 1.10
Consolidated
Paper Corp
_•
r.:6%
Corrugated Paper Box pfd——100
' „•
DeHavilland Aircraft——.'
Dominion Bridge Co
:
L*
27%
Foothills Oil & Gas.ii
—u* Y
—
Coast
: ^v ::..Y/;Y-:from- official sales lists
|>n ytflpA '-»• *■ f AP
.....
Canadian Marconi Co
2.15 Jan
83%
—*
&
Bruck
47c Mar
16c
24c
t ngt
'' Par
Sons A
Silk Mills..—.
Canada Vinegars common—
Beath
,
Sale Price
'
Jan
5%C
both inclusive,, complied
Friday-'-YY Week's
1..v-
•.« •••-■;
;*
;Y, 'STOCKS—
Mar
Exchange-Curb
1
.
Jan
'Y— ?')
Canadian Funds
'i,
Y*
Jan
Jan
74%
"
Jan
..
3.00
,
Jan
8C
21
.
;
Mines.——•
Toronto Stock
7 >' Jan
15'Ac Mar
1,165
100
Jan
7% Mar
19%
Girl Gold
Ymir Yankee
■
Y 56% 56%
75.550
5c
3.9.5
7c
50c
15
Jan
Jan
8,115
10,000 : /
Y
3,009
215
420
10
26% Mar
265 Mar
Feb
Jan
3.75
10
600
510
9.375
1,643
36.250
1,500
2,499
115
355
3,300
1,645
9.50 Jan
1.25 Jan
64c Jan
31% Mar
46% Feb
11c Jan
142% Mar
21% Feb.
Jan
12,900
100
Alexander & James pfd—
1,620
30
1,177
?;Y' 46
93
-94V- Y- • 45
3.00 -.3.05 v 2,410
3%c^3%c l
5,500
—
——
Wrigbt-Hargreaves Mines
.
.
.
17 Mar
2.26 Jan
2.47 Feb
1.73 Feb
1.64 Feb
7% Jan
1.09 Jan
8% Mar
2.80 Mar
Jan
Jan
Jan "
Feb
Feb
2%c Jan
98c Jan
66c Mar
8.75 Feb
10 Mar
8% Mar.
25 Jan
13 Jan
105% Jan
42c Feb
62c Mar
3%c Jan
65c Jan
2% Jan
5% Jan
23% Feb
61 Jan.
66% Jan
• -2.04 Jan '
100
—
—
3c
14'A
3^0
5c
35c
15
.
1,550
301
7 7%
36% 36%
5% <5%
United Oils Ltd
5'Ac 5'Ac
Uixited Steel —Jt...
4'/a 4%
UDper Canada Mines Ltd
;
2.13 2.18
Ventures, Ltd.
•
6.50
«;50 6.65
Vermilata Oils
11c
T0cl2%c
Vulcan Oil
1'
20c
20c 20c
Waite-Amulet; Mines, litd—4.75
4.65 4.75
Walker-Gooderham & Worts com——*
—
' 60 61%
Preferred
* . 20%
20%
21
Wendigo Gold Mines Y
.1
25c
25c 25'Ac
Western Canada Flour Mills com
*
5%
5. -6%
Preferred
L—
100.
89
80 " 94%
Western Steel Prod
J
___*
13 ' ' 12
13
Westons Ltd common---—
;
—-16% 16%
Preferred
100
—
' 107
107
Wiltsey-Coghlan 'Mines —C———I1 ' 12%c
12%c 14%c 4
Winnipeg Electric common——
——• " 6% *
6%' <;6%
Preferred
!
—100
-64%-. 65% ''
—
Feb
l%c
90c
5c 5%c
8%
8%
19% Jan
199 "Jan
8,000
9
3,445
80
3,698
50
25
5%
* r 5'Ac
•
4%
1
2.14
B
,
44% Mar
3.625
7
Union Gas Co
United Fuel class "A"—
23% Jan
23c
30
14%
1.84 Jan
2.10 Mar
1.26 Jan
1.24 jFeb
6 /Mar
89c Mar
6% Jan
2.32 Jan
Jan
23
—
,
20
35
15,165
2,100
1,500
15% 15%
3.30 3.45
1.20 1.20
10% 10%
97c 97c
95
98
15cl7%c
13%' 13%
13% 13%
41c 42c
8'A 8'A
—
-—-*
*
B
Class
Jan
31
Exploration Co
class* A
Traders Finance
Feb
103
—
2.10
—_—_1
;
.—100
——-1
General Trusts—:
Towagmac
:
Feb
110
5,000
.
Feb
common—
Gold Mines..
Toronto
20% Mar
Jan
8,500
6%
18
35c
103
Mar
2,026
3.65
2.23
1.88
3.55
2c
28
24% Mar
28% Mar
7,300
11%
__
10%
Toburn
99
5,060
3.60
2.18
1.80
3.40
l%c
„
*
Tip Top Tailors
150
1.66 1.72
83% 83'/2
2.10 2.15
15%
3.35
Jan
108
28,000
9,731
14 14%
3%c
4c
1.12 1.14
93c
96c
24 24%
22% 22%
11%
*
1
——5
Feb
37
9.35
32
1.02
1.85
:
—
351
4%c 5%c
1.66
Tamblyn Ltd common
Teck-Hughes Gold Mines —•
Texas Canadian Oil
Mills pfd
14,990
18%o 18 %c
2.20 2.30
4%c
—1
—,
"
—
—
1.200
7%
8
25
25
63 64%
70 70%
2.12 2.20-
.
100
—il
Class
6c 8%c
39c
5o
3c
15
20%
7%
61c
.
3,885
100
360
1.15
1.09
3%
3'A
—*
———_*
Mines. Ltd-
Sylvanite Gold
Mar
55
608
20%
8
__
Jan
2,241
Y106
14c
Jan
99
1,478
7%
__
Feb
15
40
105%
1.37
30c
730
__
I
1
1
1
*
*
54%c Feb
24
Feb
25
__
20%
5
Mines
Gold
Mines
McWatters Gold Mines
Mid-Continental Oil & Gas
McMarmac
McVittie
„
8%
20
„*
—100
Preferred
McColl
-
-
—1
—
Mines—
Cons
Supersilk Hosiery
•
Feb
10
50
47c
61c
3%c
13% Jan
355
45
5,000
5
2.959
8,000
26,700
125
1.15 Jan
90c Mar
135
5
1,000
110 liO
42c 48c
62c 64c
3'/2c 3'/2c
—
Mines—.———1—il
'
10% Mar
14
1.82
3.45
i%c
1
I
„_*
YSud Contact
Jan
7%
Jan
Jan
6%
_X Y 3.65
1
2.20
Gold Mines
Malartic Gold Fields
.
Manitoba & Eastern Mines.:
Maple Leaf Milling common—
Red Lake
Madsen
14%
7%
•
Macassa Mines. Ltd
„
MacLeod-CocxshUtt Gold Mines
Sudbury
9%c Mar
9%
:
—:
—
River Gold Mines————1
Basin Mines——
-*••
Sturgeon
169% Mar
13% Mar
900
■
—
Malartic Mines
Sullivan
Jan
Jan
6c
161
——*
class A——
Stedman Br.os Ltd—-a—--V-———
Steel Co of Canada common.—64
Preferred
25;
; —
Steep Rock Iron Mines
———2.12
11% Mar
26
—
Standard Radio
11% Mar
15
—
——————1.11
Jan
11
2,852
2.25
10 10%
10
10
8% 8%
34
38
16% 16%
—
Springer Sturgeon
Standard Paving common—..
Jan
65
67c
,
1
*
-100
Mines——.————1
Gold
Sladen
3.70 Mar
33c
30%
—1
———r
South End Petroleum——
lg% Jan
4,214
6.45
9c
Oro Mines
>
16% Mar
15%
30
Siscoe
Feb
61c
-,.v-
Preferred—.————
Feb
Jan
41c
-
————*
Simpsons Ltd
Class "B"
1.29 Jan
4%c
500
6.25
8c
Leiteh
Mar
95c
—
1
50c
common.i-—-—-*
Preferred
Feb
5%
4,793
15'A
Laura
Jan
6,000
6.30
80
Lebel
Mar
10
—
35c
Sigma' Mines A
Silverwoods Dairies
Jan
Mar
1
Ltd——--—1
Power.—_-—^*
Gold.Mining—L—
'
Mar
15
11,350
15%
Ltd—
6
16
230
1
Mines.
Gold Mines—
Cadillac Gold Mines-
Feb
5%
250
_•
i
Shore
LRke
Jan
—
28c Jan
4'A Mar
10
1.57
1.47
6%
93c
8%
2.67
1.06 Mar'
99 Mar
1.45 Jan
10c Feb
7V2c Jan
43c Jan
4% Jan
3%c Jan
3,252
3%c
4c
14% 14%
3.70 3.75
' - 5c
5c >
35c 39c
15% 15'A
- 4c
5c ' 1.03 1.03 :
660 69c
—
3.70
Shawkey Gold Mining
Sheep Creek Gold Mines
-.i
Sherritt-Gordon Gold Mines..—
Jan
TVs
—
265
Shawinigan Water &
i
i
20%
Mines———1
Senator Rouyn,
10%
150
.
Sand River
Feb
2%c Jan
2,000
44,500
A
Jan
Lawrence
San Antonio
Mar
20c
1,000
1.19
Lapa
Mar
Feb
11
1,055
98c
Lamaque
St
Jan
.
Corp class "A"___
50
Gold Mines Ltd—-—1
Gold
St Anthony
Jan
36
500
98c
—
5"%
24
Jan
70
1
Ltd..
Mar
24
Jan
4% Mar
19%
8c
._i—10
-100
i
Preferred
—
100
*
Russell Industries common
50
95c
Lake Dufault Mines
Feb
20 V2
-
10
——I
——————1
Lake
Kirkland
8c Feb
134% Jan
20 Jan
—„
——
Canada—
Royal Bank of
Royalite Oil Co
4% Mar
55
9.15
—
25
80
■
—
;—1
—
Roche Long Lac
56'A
200
Consol Gold Mines
1
Kelvinator of Canada————*
Ken-Addison Gold Mines
1
,J M.
Kirkland-Hudson
Jan
90
200
30c
5c
2 %c
15
9.10
30
95c
32c
16,444
34,138
•
—*
Preferred
Mar
Mar
53
278
1,000
110 110
29% 29%
20% 21%
22%
23
—
Mines———————1
Jellicoe Mines-^--—---.Al:
Jan
7c
50
103
29%
20%
I
Mining Co
Waite
Jan
3%c Jan
84%
70 :
.
Mar
8c
24,400
.
Dome Mines—
500
8,600
Queenston Gold Mines———————-1
95c
Quemont Mining Co
•
20c
Robertson IP L) Co common
—30
15c
2%c Jan
18,050
East
——-1
—1
Metals of Amer
Preston
Feb
5c
3%c Feb
7,700
v-; 102 102% v.
__
94c 1.03
19c 29%c
30%
44% 44%
8c 8%c
' 140 141
20%
21
• 25 26%
255 265
8.55 Mar
75c Jan
ll%c Jan
28 Feb
;
1.50
1.42
6%
89c
1
—-
Proprietary Mines
12%c Mar
11,316
Gold..
Rouyn
Voting,, trust
—
Power Corp of Canada common.——*
Premier-Gold Mining Co———
-1
Pressed
Mar
13
Feb
5c
700
27,200
10,000
.
Jan
Feb
90
93
:
67
2.10
Powell
Jan
Mar
9% Mar
Feb
8%
Engravers & Electrotypers——*
Mines^
1
Pioneer Gold Mines of B C———1
Feb
3'A
90c
Gold Mines,
Pickle-Crow Gold
7%c Mar
4%c Jan
—
Photo
Jan
23%
Malartic Gold
'J—---1
Perron
Jan
5%
88
Feb
837
24% 24%
30%c 30'Ac
19%
20
—
Jason
32
Feb
3%
75
Feb
300
30
*
class A
International Utilities
3.90
Jan
27
15,500
7%
57c
103
..
International Milling 4% preferred_100
International Nickel common—
•
International Petroleum
;
•
100
Jan
280
30
—
8.55 8,55
3.20 Mar
35c
4%
Gold Mines
Cadillac
•
3,209
7%o 7%c
4%c 4%c
4%c
3,375
7%
55c
.
,
8.55
-1
Mines.——.1
Paymaster Cons Mines Ltd—
1
Peoples Credit Securities ____.—*
285
—
—
2.55
2.19
1.50
1.40
6%
89c
8'A
2.52
4,115
510
2,300
1,000
225
2,400
; 100
11,050
Partanen
2,347
7%
—.*
-
Inglis (John) Co—
———
6
Inspiration Min & Devel—
—1
International Bronze Powders corn —25
International Coal & Coke Co——1.
International Metals common A_.
1*
14,600
100
Feb
10% 10%
—
38c
4%
90c 93c
16% 16'/2
2.10 2.16
95
1.15
--
Mar
7%
7%
—
—*
Imperial Varnish common
Preferred
•
35c
4%
1.15
9
123
Preferred
40,900
145
9°C
Ltd.———-*
22
Pandora
1.25 Mar
1.75 Feb
70c Jan
53c Jan
i ; 8% Mar
4%cMar
25%c Mar
6% Jan
3c Jan
68c Jan
95 Feb
1.15 Mar
7c Jan'
75c 1.04
99
1.24
Refining———————*.
—r—•-*
<)11&
Hersey Tubes—
Porcupine Mines
8% Mar
166 168
13% 13%
11% 11%
166
13%
——100
Imperial Bank of Canada
Imperial Oil
Imperial Tobacco ordinary-
.
6,000
3%c 3%c
19% Jan
3.40 3.60
27c 28c 27
28
11 11%
11% 11%
78 %
79
*
3.40
—1" • 27c
•
27%
—*
11%
—————
Gold Mines
Hudson Bay Mining & Smelting
Hunts Limited class A ____—
Page
Pamour
5% Mar
4% Jan
1.37 Jan
55c Mar
8,260
251
—■
—
3%c
—*
86%c Jan
2.80 Feb
52 Feb
ll'/2c Jan
14c Jan
.: 87c. Jan
69c Feb
2.00Mar
1.25 Mar
30
30u 31 %o
8 8%
1
15
11%
13
9c 10c
-4c 4%o
—
18%c 20c
17%<J
17c 17 %c
Gold Eagle Mines————————l-'5%c..- 5%c ,6c
Golden Gate Mining
-—1
8%c;
8c 9%c
Goodyear Tire «& Rubber Co com
._*
86%
86%
87
Preferred
-—'—-—-—50' —
53
55
Graham Bousquet Gold Mines
1
3%
3% 3%
Great Lakes Paper com vtc——*
—
4% 4%
t preferred Vtc22%
22% 22%
Common
*
-4% .
-.Preferred
23
. 23
23
Great West Saddlery Co preferred—50
—
44
45
Greening Wire Co
*
—
,/11
Grull Wihksne Gold Mines
———1
-3%c 3%c
Gunnar Gold Mines Ltd—
1
18c
18c 18c
Gypsum Lime & Alabastine
*
—
6%
7
Halcrow Swayze Mines—
—1
—
8%c 8%c
Halliwell Gold Mines
,
—1
4%c
4%c 5%c
Hamilton Bridge common ——5%
5% 5"%
Hamilton Cotton
—*
15%
15 15%
Hamilton United Theatre pfd
100
—
103 103
Harding Carpet —;
———.
5 5%
Hard Rock Gold Mines
-1
95o
95c 99%c
Harker Gold Mines——
—1
6c
6c 6%o
Hasaga Mines——-———————X
6O0
60c 62c
Hedley Mascot Gold Mines—
1
—•
60c 60c
Highwood-Sarcee Oils
*
-12c 12c
Hinde & Dauch Paper Co——*
—
16% 16%
Hollinger Consolidated Gold Mines
5
11%
11% 11%
Howey
Y Pacific
Jan
Jan
*
High
15% Jan
59%c Jan
1.89 Jan
48% Jan.
4JAc Jan
4%c Jan
70c Mar
48c Mar
1,20 Jan
18,625
1,200
1.45 1,56
.55c . 55c
—*.
—
100
1.25
1.25
—
1.45
—*
Pacalta Oils
9c
13
*
-1
Mines
Omega Gold Mines
Crush preferred—
1.66
60
.
'
trust
Gold
Orange
2,500
Y
10c 11c
70c 73c
48c 50c
1.75 2.00
5
5
-
*
49c .•
———-*■■-, 1.95
5
__
—
Oils
Okalta
26%cMar
Jan
9c
18,200
22,900
600
3,434
500
6,100
6,215
3,600
1,200
lOo
70c
Ltd—————*
Mines
Preferred
O'Brien
Feb
Feb
5%
17
Jan
11
Canada
Voting
Mar
80
—
North Star Oil
Feb
150
-——
•
.
Jan
7%
215
73c
2.35
50% 50%
7'Ac 7'Ac
30
9%
87
93
94
12 %
.9'Ac
—
Mar
8%
9,175
9%
85%
85%
34
Feb
140
68c
2.25
70o
2.25
50'A
*
1
—
-
Norgold Mines ——
Normetal Mining Corp
Northern
9%
165
GatlneftuVPower common
Mar
1.700
8% 8%
21 21%
3.20 3.20
31 31 A
4% 4%
78
81
6%c 6%c
3% 3%
24% 24%
39c 48c
....
1
*
*
"
Kirkland Mining——
Federal
,
Jan
75c
7%
;
Nordon Oil
■
23% Mar
Mar
31
15
715
9V*o 9%c.
1.70 1.77
15% 15%
—
Crest Oil
—
Eastern Malartic Mines
Eastern Steel
Jan
50c
300
Jan
162% Mar
Jan
22
385
—
East
26%
155
Noranda Mines
Jan
29%
Mar
Feb
107
,45
109%
Low
14%
13% Jan
High
14%
—
——1
5
Mines
Nipissing Mines
i Negus
j an
40% Mar
33 % Mar
1,085
■
4c
2%c Jan
_•
National Steel Car
Jan
18c
Range since January 1
Shares
of Prices
Low
Par
High
Mar
12c
4,100
1,000
1,070
—
FridayWeek's:Y'-YSales'-V-:(11■ Y;.u:Y'Y--S:Y
Last
Range
for Week
■:
Sale Price
STOCKS—
January 1
Low
——
—.
Range Since
Shares
Low High
Davies
Petroleum————12c 13%c
Denison Nickel Mines_.
85c 85c
Distillers Corp—Seagrams common*—:*
—
38%
40
Preferred
——100
—
107 107% J'
Dome Mines .J——,v:Y 26% 27% .
Dominion Bank
._J.u0
—
161 % 162
Dominion Foundries & Steel com
"
22%
22 % 23 %
Dominion Scottish Invest common—.1
, 75o
75c
Preferred
—50 ■■.■■■
33
31
33
Dominion Steel class to———7%; .
7%
8
Dominion Stores
*
10%
10% 10%
Dominion Tar & Chemical common—*
—
9 9%
Dominion Woollens & Worsted com—*
—
4% • 5
Preferred
—--20^..' 10
1C 16%
Duquesne Mining Co————-—1
20c
20c22%c
■■■■
.
for Week
Par "Y:YY/
*
12c
-1
85c
YY'vY'yYYY&sY
YYY- ^
YYY,vYYYY-YYYY;Y'Y'W'
Sales
Friday Y Week's
Last;- v"-. Range
Sale Price
of Prices
.•YYY'YYY.
•.•"'-':^--,J--";:V•::
•>:' :YY"'Y;
/ »■
.
High
5% Jan YY 7;;. Mar
8%Mar ;Y:; 10 Jan
9 Jan
10 Jan
1.85 Jan
, 2% Mar
1.00 Mar
1.40 Feb
5% Jan
6% Jan
84 Mar
91 Feb
3 Feb ,
4% Mar
24% Jan
29 Mar
1.20 Jan
1.45 Feb
45 Mar
47 Mar
15c Jan
49c Jan
1.35 Feb
1,72 Feb
8c Jan
lie Feb
1.85 Jan
3% Mar
/
Volume 159
1279
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4267
over-the-counter markets
Quotations for Friday March 24
For
Investing Companies
Aeronautical Securities.^—...--I
Ask
7.24
''•'••3.91
IV*
6.66
x3.57
Holding Corp——10
American Business Shares
1
25 ¥2
3.51
Foreign Investing-lOc
Assoc Stand Oil Shares
—2
xl3.77
6Va
1
xl3.93
14.98
....—.——.1
A6% preferred
8
Basic Industry Shares.——10
3%
4%
3,79
101.23
17.09
x27.75
15.00
x3.05
414
AAmerex
American
Axe-Houghton Fund Inc—
't, 27
5
5
1
1
Fund Inc
Broad Street Invest Co
Inc
Ltd
Fund
Bullock
Fund Ltd
Canadian Inv
105.45
18.38
30.00
16.44
3.70
Consol Investment
Trust——1
1
Accumulative series
1
Series AA mod—————-1
Series ACO mod
1
ACrum & Forster common—10
Series AA
preferred——---—100
A8%
(Colo)
2.37
,
2.20
2.20
2.67
2.67
26V4
118 Va
(Md)
—10
shares
B
A Common
preferred—-——100
A1%
Low
113
Howard—
Balanced Fund—
Stock Fund--—
y
3.64
5.55
1.22
6.30
1.35
1
————I
X30.00
x36%
X18.57
—
•
Investors Trust——1
;
Amer Trust
North
38%
5.80
5.95
6.38
6.55
Republic Invest Fund—
Scudder, Stevens & Clark
Fund, Inc—
——
—
6.89
7,59
5.56
——-'V
8.81
4.93
6.12
9.68
5.43
Administered
Fully
7.03
Investing
■
——————
Low Price Shares———r-
Merchandise shares—
•
;
::
——
4..61
5.08
5.93 -' 6.53
Mining shares—
—
Petroleum shares———
Railroad
shares—
8.70
6.49»
710
6.00
6.60
5.52;6.08
,6.17
6,79
Industrial Machinery shares—
5:
7.73
7.91
shares—
bond shares
General
3;5?
.———
4.45
State St Investment Corp.-
Super Corp of Amer A A
Trustee Stand Invest Shs—
Equipment^shares——-
rr
.
ASeries B—1
Tobacco shares————•—.
4.16
4.12
4.59
4.54
Utility shares-
4.60
15.07
Steel shares———----——-
.
Corp————1
AHurdn Holding
33c
2lc
—10c
1.42
1.55
Incorporated Investors—
8
Independence Trust Shares
•
Institutional Securities Ltd—
21.10
2.19
22.69
2.48
10.38
85c
xl.04
11.37
94c
1.15
Common
—.—
Aviation Group
shares
Bank Group shares—;
Investment Co of
—
shares——-
Insurance Group
America—-10
,25.97
23.89.
series
Fund
Bond
Union
A
Series
B—————
Series
C
-
—
Union Stock Fund B
Union
Foundation Fund Inc
Income
25c
Preferred Stock Fund
U S El Lt & Pwr Shares A——
B
—-1
.
Boston
v
1
—10
(Paul!
26%
St Paul Fire & Marine—^ „C2%
1!286
Seaboard Surety
17%
72%
Travelers
29%
IT S
26%
5
American
Fire
28%
U S Fire
94%
99%
U
41%
44 y4
Westchester Fire
28%
,
••
Bid
Atlanta^Gas Light 3s
1963
Biackstone Valle^ Gas & El—
Florida
Bankers Trust
——
23%
22%
406
50% ' 52%
<
Iowa
Diego Gas & El 3%S—1970
Carolina Elec & Gas—
110%
112
1972
108
109
Southern Colo Power 3%s__1968
103
103%
104%
104%
107%
103 Va
110
San
102 »/2
103%
1979
Puget Sound Pow & Lt—
4x^5
_
South
3%s
Public Service
1974
Panhandle Eastern
debs
-
—
100
4V4S
West
100%
Pipe Line—
1953
100
Texas
96.
101
20
Chase National Bank
13.55
Chemical Bank & Trust™ —10
Commercial National Bank &
Trust Co
—20
Continental Bank & Trust—10
Corn Exchange Bank & Trust_20
98
38%
48%
101 %
40%
51
50
74i/2
Brooklyn Trust
—100
;—
;
Central Hanover Bank & Trust
York Corp.
Maturity—
——
Empire Trust
National Bank
53%
225
48 M>
19%
'
46%
49%
20%
46
100 1,560
First
47%
com__20
New
49%
Public Nat'l Bank & Trust__17%
V 78
%
1,600
preferred
_20
York Trust
25
Title Guarantee & Trust
12
37%
y/93% % 97%
39%
6%
1,495
x36%
.
6
United States Trust———1001,450
;
.
1948
15,
-
0.85s
June
t%s
4s
series
1946-1944
100}^
1964-1944
88%
90%
94%
5 %
icf
101%
103%
income
Conv
,—2019
Denver &
Income
4'/2S_
66%
68%
Rio Grande4V2S
—
1st 3-4s income
>/
5%
1st
61%
63%
84%
1,
Gen
mtge
Western
Inc
4%S———_1971
4s————1991
96
98
64
66
4%s
.2014
Grande
44%
21%
com
v
103%
105%
t
Optional
-—194?
&
jV
105%
v
Panama Canal
t c__
common
100
■■■
.
•:■''/•
■'
b0.37
0.28 %
b0.37
0.30%
13,
b0.37
0.32%
0.32%
June
b0.37
0.32%
June 15,
1944-
b0.37
0.32 '/t.
June
22,
132
133%
Bid
A«k
b0.37
0.33%
b0.37
0.33%
b0.37
0.34%
b0.37
May 25, 1944
June 1,
1944-J—.
bO 37
8.
104%
107%
'
•?
11, 1944
May 18, 1944—————A—.
May
6,
4,
104%
106%
Bills
at purchase
quoted are for discount
Ask
1961
3s
1944.
1944—
1944.
April 20, 1944.
April 27, 1944.
45%
i
Bid
104%
105
30,
0.34%
1944———
1944———
1944
-
~
22%
44
45
10%
11%
♦No
Ste M—
c———
Pacific
Preferred
—
—
St Paul & Sault
Western
Pacific—
mtge
Rio
Preferred
Free
u S Conversion 3s
104
1956-1946
1956-1946
1948
103%
Mar.
V
19%
18%
100
—-—
0.66%
0.72%
0.73%
0.76%
0.79%
0.80%
0.83%
Other Issue 1
u 8 Converslon 3s
April
79%
15. 1944
103^
1955-1945
86 %
St Paul & Saulte Ste M—
income
33
May
Minn
Minn
A
*
&
Apr
April
—
77%:
,_♦
,
preferred
Denver
2018
——1993
.—
b0.85
0.26%
.
10i 3>2
Treasury bills32
—
-
Common
/
0.75%
103fs
Bid
Chicago Rock Island & Pacific—
1994
4<-
■—
preferred
"
b0.34
b0.69
b0.74
b0.75
b0.78
b0.81
b0.82
Finance Corp—
United Stales Treasury
'•
Chicago Rock Island & Pacific—
Oct.
1, 1944
—
t%S Dec. 1, 1944———
t%s Feb. 1, 1945——/——
JO.90s Mar. 1, 1945—
t%s Mar. 1, 1945 W-i
*
10310
><•/,;
Common
92%
—
101 ,'o
3%S
Canton & Youngstown—
1988
——
^
Rates
_1988
A
41/2S series B
1944
1944
1,
tl%
4$
(When, as and if issued)
Akron
Sept.
Reconstruction
b0.90
1944
15,
Reorganization Rails
—
Ask
100.8
100.6
4s
1,
Akron Canton & Youngstown—
t'/as
Federal Land Bank Bonds—
Jan.
Stocks
Bid
100,7
Indebtedness—
1944—--—
1,
t%s Aug. 1,
c
1%%
—
Certificates of
Ask
Commodity Credit Corp—
tlVa%
Feb 15, 1948
Federal Home Loan Bank—
1955-1945:
Bonds—
104%
Obligations Of Governmental Agencies
39 %
51%
Morgan (J P) & Co Inc__,
100 x215
National City Bank---,U-—12%a. 35%
Conv
32ds of a point
iii:L
Int. Rate
Figures after decimal point represent one or more
317
15%
10
Manufactures Trust Co
103 %
104
100%
185
309
14%
-1001.500
25
36%
100
Kings County Trust—
Lawyers Trust
102%
.Ask;
170
100
1958
Lt
Quotations For (|. S. Treasury Holes
3%
28%
—
3%s—-* 1968
3y8s
1973
&
Power
--
2%
Trust
Util
Utah
(Minn)—
—
2%s
108
107
102%
109%,
Northern States Power
2%s
108%
107%
Light 3%S-1974
———————1973
3%s
108
1972
107%
Indiana
Northern
1973
106%
—
(New Hampshire)
3%s series A
1974
Light 3%S—1973
&
Power
1973
3%s series E
Public Service
101
3%s_
Power
Ask
105
104%
17.91
'Bid
Pulton
32%
—
16.30
27 Va
Irving Trust1
75%
30%
-Bid
100%
4 VaS
..
82c
25.16
22.19
8.73
6.89
19.68
-1
Guaranty Trust
51
x70Va
(Indiana)—
Public Service
City Banks & Trust Cos.
394
37%
48»%
—10
—2.50
__
Ask
103%
1973
Lt 3ysS
Florida Power &
—
—
.
102%
.1
——100
—10
492
35%
4
Guarantee
S
66%
63%
477
—100
Recent Bond Issues
99.27
Bank of New York
48%
37 Va
127
121%
Fidelity & Guaranty Co„2
t%s May
Bank of the Manhattan Co.—10
296
30%
—10
—5
A.
35 Va
x27%
8%
16%
com.
105%
—
-10
Ask
,>22%
..
68%
5
Ins.
100.20
Bid
_
Springfield Fire & Marine- —25Standard Accident
9%
100.13
:
24%
!/ 45%?
_
Security New Haven
44
X41V2
14
Par
29
49%
JSept.
Hew York
Fire_
6 %
4%
27
.19%
_
Central Pow &
;
Corp.—-
Co
(NY)___ —2
17%
Home
—
——
&
35%
:'
46%'
Fire
Corporations
A First.
16 Va
X33%
Corp
Republic
85%
14%
(Texas)
Reinsurance
I4y8
49%
81%
Providence-Washington -iZ
65
87%
24%
Investment Banking
A Blair
47%
———
Preferred Accident
5
Hartford Steamboiler Inspect._10
6.71
15.02
88.37
1.75
——
-
Wellington Fund
::
5%
95
107%
10.49
5.84
6.49
73c
24.40
20.30
7.99
6.30
18.00
16.20
—1
ASeries A_
Indemnity Co—
Phoenix
148
10
Rutgers Fire
Hartford
•
Trusteed Industry Shares
Pacific
47%
23%
5'b
Corp.
—
ASeries C
1
2.29
:^;-:-ASerleil;-D———2.17
Trustee Stand Oil Shares-;-
60%
21%
92.16
6.07
X14.10
82.26
x2.35
J;
Spencer Trask Fund
102%
14%
-2.50
___
Marine-
&
Hanover
7.12
3.68
x9.61
4.05
1
•
*
1
32%
—25
13%
Revere
preferred
Great
56
14.82
X90.34
Sovereign Investors
■
i
—*
x90%
Fire
River—
83%
10
Fire
&
2nd
13.78
2%
_1
.12.50
Pacific
5
Fire
13
Globe & Republic
Globe
6.53
3.35
Selected Income Shares——
Northern
—
51
lOo
—.1
Selected Amer Shares—
3.94
4.04
Quarterly Inc Shares——.
41 %
;
—
x2.28
47%
46%
56%
Newark
General Reinsurance
x2.61
-.30%
45%
Northeastern
61
Glens Falls
27%
North
10
Fire
10
19%
Fire Assn of Phila
Gibraltar
26%
21%
'
142
Franklin
24%
York
20
—
—2
Casualty.
Hampshire Fire
Fidelity & Deposit of Md_
of
188
New
30%
10
7%
6 Va
New
570
44
Firemen's
59
5.6
178
20
39
Federal
Fireman's Fd of San Fran-
(Detroit)—10
Casualty
New Brunswick
86%
7--v
6® 8
26 Va
24
44%
10
—5
_
Ins
Amsterdam
New
7
17%
—10
Employees Group
Employers Reinsurance
x2.7l
10c
7.33
Chemical shares
National Liberty
National Union Fire
__
X2.05
Fund-———1"
(Geo)
National Fire
Fire
5%
>,
5%
14%
20%
Connecticut General Life-
Y._
N
58%
6
Fire
Continental Casualty
Fire
Mfrs
&
Monarch
National
25
81%
—100 X545
City of New York
spares;
•
Series 1955
——1
Series 1956--———————1
Series 1958——————1
Merch
16 Va
—2 Va
Camden
6.50
5.90
—
Series 1953—
5.79
6.88
9.91
10.21
7.73
North Amer Bond Trust ctfs
50'%
54 %
Bankers & Shippers
Boston
11.20
7.02
—
47%
12%
Z
9
—.5
56%
:
9Va
70%
51%
Automobile
41%
8 \;,v>
8%
14%
10
38%
5
Casualty
67
38%
5.49
Railroad equipment
Steel
35.57
Electrical Equipment
Food shares—
35%
——
Railroad
6.66
Building shares——;
:
13.42
11.06
6.05
—.
—
Putnam
shares———
Aviation
25
10.06
—
Plymouth Fund Inc
Automobile shares-.--—-
10
Surety
—
stock—
—
4.25
24.52
5.47.
5.37
shares
Reserve
——
equipment
Oils
__
Group Securities-
Agricultural
Re-Insurance
American
7.61
'
1.92
6.15
1.79
x5.52
9.71
3.65
22.37
4.73
4.36
33.08
————•
American
American
7.75
10
-12%
11%
7.38
; ;
6.25
9.01
9.29
.—
Machinery
-Metals
10%
—2y2
—
Of N
insurance
Merchant Fire Assur
18%
Fidelity & Casualty_5
ink
15»/4
84%
Massachusetts Bonding
■:*' 12 Va
17%
American of Newark
8.96
8.72
10.82
8.84
6.66
32.26
37 %
20.00
.
10%
5
__
American
6.91
Insurance
Maryland
7.74
5.09
8.15
7.93
9.84
8.04
6.05
Electrical
23%
3.48
10.19
——
Building supply--————
Chemical-
13.62
X21%
12,45
——
—
;
22.50
X20.94
X12.69
10
Baltimore American
stock—
Bank
Knickerbocker
7.00
Fund————1
Aviation
jersey
74
x6.70
series—————
-------
Insur Co of North America
36%
70%
7.04
4.60
priced bond series
Agriculture
.
52%
34%
Equitable
■
20
50%
Casualty
■
13 %
82 V4
Fire
10
3.07
—
General Capital Corp
General
American
New York Stocks Inc—
19.64
&
——
7.70
—
Automobile
Equitable Invest Corp (Mass)-fl
Equity Corp $3 conv pfd
1
Fidelity Fund Inc—————*
Financial Industrial Fund, IncFirst Mutual Trust Fund
5
Fixed Trust Shares A
-10
Foundation Trust Shares A—1
Fundamental Invest Inc
2
Fundamental Trust Shares A—2
B
7.12
Homestead
25
Alliance
Bid
Par
Ask
140%
American
series—.
New England
—
x4.71
18.17
L——/.—1
D ———————2.50
Dividend Shares
25c
Eaton
_1
Preferred stock series
Diversified Trustee Shares—
C
1.39
—
Rill
Bid
132%
Life
1.26
—
Low
.•
•:
_
American
L
30
Par
'
Agricultural
3.65
"
Income
- ■
'
■
Aetna
-
priced stock common—-
Bond
'
r
Aetna Casual & Surety
Aetna
National Security Series—
28'A
28 V4
•
—I
Cumulative Trust Shares
Delaware Fund—-;—
•
•
25c
series B shares
voting shares
National Investors Corp
—
& Forster Insurance—
Crum
22.87
11.13
11.82
Securities^—
Nation-Wide
1-953
Insurance Companies
4.93
21.27
10.35
10.82
Investors 2d Fund—
Mutual Invest Fund Inc
Teletype'NY
Bell
DIgby 4-4950
9.81
4.52
1
1
10
,
Shares—-—I
Corporate Trust
Tel:
93.30
39.60
16c
Mass
York 5, N. Y.
40 Exchange Place, New
6.62
8.92
10o
Common
Maryland Fund Inc
Mass Investors Trust
2,475
147
4.71
5.12
39
41
1
Commonwealth Invest
26.01
13.98
10.96
4.84
Manhattan Bond Fund Inc—
29.79
10.29
Century Shares Trust
•
27.70
Chemical Fund----————1
9.51
Christiana Securities com—100 2,375
Preferred
—100 142
v;
Members New York Curb Exchange
18.50
21.69
-
—
Members New York Stock Exchange
11.02
———
514
,
America
of
Tr
Inv
Boston
,
Real Estate Bonds
IIJU^Shaskan a Co.
29.22
31.36
21.62
—
ACommon
on
13.04
•
27.88
Series
B-2
28.61
Series
B-3
X19.69
Series B-4—-—10.02
Series K-l
16.87
Series K-2—
19.72
Series S-l—i
23.66
Series S-212.72
Series
S-3——
; 9.96
Series 8-4—
4.36
Knickerbocker Fund
6.04
Loomls Sayles Mut Fund
91.43
Loomis Sayles Sec Fund
10
38.81
3.85
Quotations
Ask
12.74
Vv
Keystone Custodian Funds—
Series
B-l
Bankers Nat Investing—•
Bond
1
Investors Fund C
14.94
6%
Affiliated Fund Inc
Bid
Par
*
Bid
F»r
1%
2
Oil Co.
Feb.
24,
par
value:
of Ohio
1944
Stock Exchange,
Ex-rights,
of Standard
payable
Odd lot sales, b Yield price, c Liquidating dividend of one share
stock for each four shares of Adams Oil & Gas Co. common held,
record Feb. 11, 1944. d Deferred delivery, f Flat price, k,Removed to
Canadian market, s Cash sale—not included in range for year, x Ex-dividend,
a
common
to holders of
r
tin default.
31
32
y
66
67
by sponsor or issuer.
JThese bonds are subject to all
Federal taxes. AQuotations not
furnished
THE COMMERCIAL &
1280
FINANCIAL CHRONICLE
Monday, March 27, 1944
,
■'Week Ended March 18
/-
■
BANK CLEARINGS
THE COURSE OF
compared with a year ago. Pre¬
liminary figures compiled by us, based upon telegraphic advices from the chief cities
of the country, indicate that for the week ended Saturday, Mar. 25, clearings for all
cities of the United States from which it is possible to obtain weekly clearings will
be 11.3% above those for the corresponding week last year.
Our preliminary total
stands at $10,074,590,567, against $9,052,583,290 for the same week in 1943.
At this
center there is an increase for the week ended Friday of 14.6%.
Our comparative
this week will show an increase
Bank clearings
York™
Chicago
—
10.2
498,000,000
+
14.3
5.0
309,619,224
155,682,373
+
•
G:v.'•
+
Virginia—Huntington-™-™
West
167,561,484
219,569,000
199,481,105
181,706,341
District of Columbia—Washington—
Total (6 cities)
126,050,144
104,051,472
$6,807,872,144
$6,053,694,021
1,421,033,910
Francisco
216,563,419
Pittsburgh
Cleveland
+
7.8
.
..
:
817,742
-893,084
5,040,000
4,145,000
58,805,971
55,266,078
3.3
2,353,958
)';'1,791,050
2.9
127,735,324
39,476,371
102,978,533
7.6
+
2,703,645
.
0.2
—
70,704,375
—
—
+
6.3
284,459,339
+
1.1.
32,474,504
197,472,910
-234,304,708.
8,989,315
+
40.2
8,869,650
6,206,527
38,753,567
+
25.2
33,192,577
31.362,013
127,400,000
+
20.8
109,600,000
96,700,000
2,591,191
12,599,553
42,263,662
153,900,000
2,717,659
4.9
14.2
3,262,231
1,458,214
1,447,810
+
+
3.6
32,113,000
29,991,000
45,400,413
60,703,153
.
+
1,887,355
53,744,658
2,155,329
55,678,123
+
33.7
43,570,341
31,805,732
1,454,459
198,222
+
4.4
162,849
2,519,665
173,763
92,658,245
87,068,540
+
6.4
73,122,954
54,453,073
427,641,971
-
Mobile—-------
371,562,714
+15.1
309,048,038
256,114,044
4.3
471,709
385,372
206,852
—
Orleans
3,696,222
«—13.8
5,520,453
4,759,395
—
Total (10 cities)———
21.1
26.8
+
6,207,000
165,483,761
38,154,502
.
Alabama—Birmingham
8.6
+
—
%
-" $
District—Atlanta-
Mississippi—Vicksburg
Louisiana—-New
1,206,056
,
76,043,986
2,615,428
—
%
1941
1942
v
Dec. %
••
287,549,751
Carolina—Charleston
Maryland—Baltimore
Florida—Jacksonville-
3.7
+
$
160,617,947
40,549,290
Richmond
South
Inc. or
1943
"
u
1,529,100
6,194,000
,
Virginia—Norfolk
15.1
—
'
1944
Fifth Federal Reserve District—Richmond—
:
Macon—
5.8
136,700,000
227,784,000
...
Louis
San
+
+
City
Kansas
- ■...
Georgia—Atlanta
■Augusta————————
+14.6"
$3,883,863,754
365,020,752
157,400,000
—
Boston
St.
—
%
1Q41
I044
$4,451,544,556
402,334,145
569,000,000
:>325,000,000
164,634,396
.
.
—~
Philadelphia
.
.r;
Nashville
March 25
Week Ending
i
i
Tennessee—Knoxville
■"Clearings—Returns by Telegraph
New
*•
f;v': •;
Sixth Federal Reserve
follows:
for the week
summary
■■'
■
Baltimore
cities,
Ten
Other cities,
five days
five days—-.—1
—
——1,587,619,995
cities,
All
Total
$7,474,727,931
1,577,835,359
$10,074,590,567
for week
cities
$9,052,583,290
+11.3
Grand
Rapids
foregoing will appear
much as the week
of going to press.
has to be estimated.
In the elaborate detailed statement, however, which we present further below,
are able to give the final and complete results for the week previous—the week
ended March 18.
For that week there was an increase of 16.2%, the aggregate of
clearings for the whole country having amounted to $11,464,751,497, against $9,862,856,709 in the same week in 1943.
Outside of this city there was an increase of
2.9%, the bank clearings at this center having recorded an increase of 28.5%. 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
increase of 27.7%, but in the Boston Reserve District the totals register a
decrease of 7.6% and in the Philadelphia Reserve District of 3.4%.
In the Cleveland
Reserve District the totals are larger by 3.0%, in the Richmond Reserve District by
1,1% and in the Atlanta Reserve District by 15.1%.
The Chicago Reserve District
has' to its credit a gain of 9.0%, the St. Louis Reserve District of 4.2%, and the
Minneapolis Reserve District of 6.4%.
In the Kansas City Reserve District the
totals show an improvement of 3.1%, in the Dallas Reserve District of 12.1% and in
Bend-
t
District of 1.5%.
furnish a summary by
Francisco Reserve
the San
following we
In the
Des Moines—.
SUMMARY OF
•
$
12 Cities
12
"
1st Boston
2d New York
"*
"
Richmond"::™--™ 6 "
Atlanta
10 ' "
Chicago
~
17
"
—
4th Cleveland
5th
Sth
10
—
Philadelphia
3d
7
—
7th
SstSs™:::::....:
•
Minneapolis
9th
Total
10
Francisco
"
7
"ill
A
.
Outside New
;
10
6
—:
llth Dallas
12th San
"
"
"
"
4
——.
City
10th Kansas
420,077,093
6,779,754,953
689.145,529
682,378,027
287,549,751
£*$' 427,641,071 +
649,850,762
329,539,124
210,948,610
317,433,069
152,999,739
517,432,869
Cities
,
York City-—--—--—-
We now
week ended
Inc. or
$
Dec. %
454,439,756 — 7.6
5,310,907,511 +27.7
713,693,702 — 3.4
662,522,774 + 3.0
284,459,339 +15.1 G
+ .1.1
371,562,714.
3943
1944:
Federal Reserve Districts
Week Ending March 18—•
detailed statement
March 18 for four years:
add our
4,274,896,068
642,383,806
608,836*681
v
309,048,038
.;
166,164,146
118,788,884
232,680,054
122,244,299
First Federal Reserve
Fall River———,
Lowell---.—
New
3,299,934,748
566,588
546,309
6.1
3,647,094
2,018,126
9.0
315,534,619
+
0.01
946,309
+
54 3
492,736
2.5
946,218
465,316
827,866
—
1,344,371
+
3,466,629
+
4.4
2,555,239
+
21.2
2,471,008
+
7.0
17,020,756
5,584.908
15,641,000
516,646
366,834,511
337,269,560
420,077,093
:
5.3,
—
18,779,700
547,182
656,083
1,548,520
1,487,595
596,413,669
+
9.0
548,972,889
472,107,353
+
4.1
159,800,000
123,600,000
+
9,1
62,797,642
39,896,173
49,397,313
3.7
+ 45.7
732,000
534,000
+
4.2
263,225,815
210,751,144
3,729,995
+
23.0
3.153,930
138,403,601
+
1,2
106,429,301
76,479,960
31,605,479
2,647.794
~
+
19.9
?f|
454,439,756
Total
329,539,124
316,219,540
7.6
)—
55,669,941
3,535,811
46,075,623
+ 20.8
3,178,674
+
1,601,137
1,325,667
4,132,610
1,286,917
920,721
+
210,948,610
Hastings
.
_
Wichita™
;—
——
:
(10 cities).
Wichita
Falls—.,
Total (6 cities)—
,
4,114.477,402
8.6,
9,809,003
9,527,189
6,8
8,391,554
8,166,888
336,275
23,857,596
19,542,007
5.4
36,520,314
+
16.4
33,446,919
29,491,274
6,779,754,953
5,310,907,511
+
27.7
4,274,896,068
+ 25.2
386,739
U\y
+
—
481,659
+
6.2
768,841
+ 65.4
527,826
+
1,823,945
629,000,000
hi 1.341,610
1,515,118
3,023,466
2,520,760
1,043,578
1.016,421
698,000,000
1,369,355
+
20.1
3,002,732
+
20.5
1,601.962
1,351,542
+
18.5
1,846,083
2,022,476
—
4,792,500..
—
689,145,529
■
713,693,702
4,073.155
—
:
vVO-.
8.7
1,700,701
1,540,554
6.7
2,767,100
2,954,400
642,383,806
539,830,126
3.4
4.7
117,994,684
87,193,232
8.1
201,535,192
145.831,549
1.0
17,662,700
14,564,100
—10.0
2,981.573
2,460,645
—
117,868.777
123)652,424
244.579.118
226.234,655
19,130,000
19,320,400
2,295,978
2.551.130
3.976,592
4,226,369
290,454,407
282,315,856
3,485.589
3.102,739
—
,
3,610,118
+
0.2
167,335.482
116.490,981
4,099,553
3,375,511
27.8
649,668
673,139
+ 21.5
637,695
802.304
3.1
232,680,054
166,897,986
+
4.7
307,846,304
775,390
1,970,131
-
+
.
4.9
2.830,610
1,926,072
+ 12.2
99,974,239
76,819,358
+ 12.0
10,744,888
7,227,060
2.892,000
+ 12.9
2,982,000
1,311,570
+
7.3
1,021,714
1,200,048
4,866,608
+
17.1
4,690,848
.4,612,473
152,999,739
136,482,640
+ 12.1\
122,244,299
93.681,011
101,624,049
1,590,884
—17.1 '
88,816,694
58,130,702
3,913,092
—
+
1,896,000
1
+
1,313,230
1,168,915
9,4-
70,377,486
53,661.433
0.6
25,118,427
7,286,138
19,250,330
45.1
82.123,989
—
28,554 728
28,715,434
—r
California—Long Beach
12,458,983
8,675,410
+
43.6
4,248 269
299,952,000
2,949,498
+
44.0
3,568,277
3.459.448
275,489.985
+
8.9
240,406,000
187,529.000
Pasadena—i—•
San
Francisco.———
3,998.350
'
3,504,109
+
3.9
2,931,723
3,153,705
1,416,448
+
27.1
1,359,465
1,431.027
.
+
22.3
3,003,862
2,522,892
„
3,925,132
510,014,938
+
1.5
444,181,302
334,305,802
8,213,772,317
4,099,294,915
3,299,934,748
———4,641,522
1,800,575
—
-
Stockton
4,801771.
'
Total, (10 cities)-
—517,432,869
Grand Total (111 cities)
.:
'
n 464 751 497
.
Outside New York
9,862,856,709
+ 16.2
4,867,*550,794
4,728,550,822
+
,
2.9
7.602,504.131
"Estimated. S
640.851
3.5
4,221,940
-
-
6,170,091
6,270,806
+
Note—Canadian
of Dec. 31,1943.
Bank
Clearing were discontinued as
As noted in
+
—
—
5.9
3,579,204
3.020.378
+
2.9
261,980,589
192,352,503
1944, page
Canadian
was
given that clearings
31, 1943, in view of the fact
our
issue of Jan. 17,
250, at the last Annual General Meeting of the
Bankers
Association
direction
returns be discontinued
on
Dec.
Fourth Federal Reserve District—Cleveland—
(7 Cities)—
48,169,002
2,119,727
6,291,510
that it had been obvious for
T5tAl
12.8
54.4
209,453,006
527.000,000
3.7
—
4,472,700
_
+
+
74,402,768
1,754,564
+
3,618,461
...
i,
36,864,215
2,549,876
1,148,882
493.305
18.6
531,509
1,685,655
1,644,960
isylvania—Pittsburgh.-
5.9
76,860.454
'-'--V
456,274
511,698
672,000,000
Reading
rour»{rstown_
2,881,837
394,153
Scranton__
Per
140,140
3,048.179
4.426,609,319
—
_
89,609
120,734
229,208
7.7
6,708,900
348,847
+
879,207
Mansfield
3.0
—47.0
+
.
5,252,257
4.2
38.0
26,958,530
1,999,427
Cincinna ti
+
198,337
491.422
Twelfth Federal Reserve District—San Francisco-
4,302,801,387
28.5
+
_
Cleveland
118,788,881
3,927,336
Washington—Seattle—
84,263,334
Yakima--—2,308,919
Santa Barbara—
32.7
+ 46.0
571,031
Columbus
166,164,146
5,698,325
••
Louisiana—Sbreveport——
San Jose„_
4.6
+
971,440
'
Chio—Canton—_
6.4
—1,406,642
;
Galveston———
810,169
+
1,146,786
370,198
_
wi'i'vv
+
111,016,220
12,483,150
—.
•Dallas—
Fort Worth————
588,088
68,400,000
-
•
7,355,979
Lancaster
(10 cities)
198,273,822
4,104,056
124,543,000
13,981,716
3,266,000
Texas—Austin
797,312
District--Philadelphia—
_
3,281,757
317,433,069
Pueblo——.—
1,082,829
••'■r
York
4,898,677
1,468,621
942,470
Colorado—Colorado Springs
41,800,000
+
—
Hew Jersey—Trenton
4,678,291
1.6
2,876,238
9,524,570
209,973,948
6,588,663
Missouri—Kansas City
60,800,000
510,744
Wilkes-Barre
1,029,304
826.324
+
204,266
-
1,343,899
42,493,060
Philadelphia
968,322
260,228
Omaha———--——-—-—-
8,407,874
28,427,580
__
1,204,529
Utah—Salt Lake City
v
7,046,314
__
3,310,249
4,231,690
81,362,375
-
2.227,304
11,771,706
8,395,656
_
Bethlehem.
11.2
24.4
+ 44.0
'■
:
Lincoln—
11,490,414
8,966,857
Third Federal Reserve
2,918,260
Tenth Federal Reserve District—Kansas City-
+ 10.9
-
Pennsylvania—Altoona.
37,219,831
46,199,138
Nebraska—Fremont--———
—53.2
+
Northern New Jersey
Total
r'v'.j.y/;.'
•«
12,789,622
—
869,000
4,586,203
140,097,241
—
%?■■■v
1,454.106
5,134,305,887
.—
(12 cities)
45,068,490
—
4,450,111
6,597,200,703
Newark
199,600,000
70,682,050
_
(7 cities)——.i
13,256,909
1,521,568
1,418,412
Syracuse
Chester
•*,Cv.?
71,558,000
—
Elmira
Connecticut—Stamford
New Jersey—Montclair
+
—
77,092,198
43,380,926
1,266,000
Helena-——-
1.612,352
Jamestown
Total
•
York—
York-——
51.3
1,243,047
207,800,000
Dakota—Fargo
6,209,741
Rochester.
1.676.220
1,863,783
Montana—Billings————
15,657,500
482,859
5,561,270 ■++':• 5.9
17,790,600
York—Albany
New
4,002,851
1.3
Oregon—Portland
—
1,298,151
District—St. Louis—
South Dakota—Aberdeen
12,834,244
v
5,889,324
Haven--
Island—Providence—
Hampshire—Manchester
_
385.327,823
2.7
St. Paul——————
North
2,292,635
16,441,761
4,612,532
Rhode
Buffalo
456,250
428,520,285
29.4
3,656,434
4,416,087
3,096,064
17,586,293
Binghamton—
410,744
'
Ninth Federal Reserve District—Minneapolis—
859,603
378,881
1,377,428
District-—New
9.7
649,850,762
Toial <4 cities)-—-——
293,178,557
—
1,012,651
———-—
Second Federal Reserve
23.8
+
1,451.867
«
1,012,708
584,794
Connecticut—Hartford
New
+
...
1941
363,098,107
-—-
(12 cities)
511,420
5.2
+
Illinois—Quincy
Total
...
3,781,623
Bedford--—
Total
23.0
1,903,515
__
Tennessee—Memphis
18
398,903,987
Worcester
New
+
—
+
St. Joseph—1—————
3,550,694
Bpringf ield_—
New
6,914,826
1,955,175
Louis../
Kentucky—Louisvillel
7,602,504,131
+ 14.7
717,004
822,466
-----
Massachusetts—Boston
3,901,541
15,618,960
—13.1
Eleventh Federal Reserve District—Dallas-
District—Boston—
Portland——.——-——
10,148.715
5,450,797
2,504,177
2,515.309
1,104,986
4,518,360
—
Eighth Federal Reserve
Clearings at—
Maine—Bangor—-—
13,871,161
7.1
+
35,812,803
1,797,670
23,170.00(1
2,193,761
Kansas—'Topeka
each city for the
1942
7,089,570
34,962,225
1,857,152
22,083,759
5,781,937
Missouri—St.
334,305,802
Dec. %
$
7,946,596
1,880,503
Total (17 cities)
93,681,011
444,181,302
Inc. or
1943
—11.4
2.0
_
Springfield
166.897,986
Week Ended March
8,336,845
632,939
——'
Rockford
210,751,144
showing the figures for
2,776,799
Peoria
472,107,353.
263,225,815
8,213,772,317
4,099,294,915
0.9
34.2
256,114,044
548,972,889
3.1
+
+
+
+
_
197,472,910
6.4
.+•
_
Decatur
448,907,996
,
234,304,708
+
3,334,604
468.324,685
.._
Sioux City
539,830,126
4.2
+
+12.1
+ 1.5
9,862,856,709 ;: + 16.2
4,728,550,822 , + 2.9
1944
337,269,560
4,426,609,319
366,834,511
9.0
596,413,669
316,219,540.
198,273,822
307,846,304
136,482,640
510,014,938
11,464,751,497
4,867,550,794
S
S
2,917,726
32,878,000
2,175,739
Illinois—Bloomington
•
1941
1942
1,776.058
38,347,238
_
Minneapolis
BANK CLEARINGS
3,538,587
—
Minnesota—Duluth
Federal Reserve Districts:
3.902,616
2,995,067
2,621,089
34,151,000
8,503,042
Iowa—Cedar Rapids-
we
an
28.3
38.9
14,799,653
Wisconsin—Milwaukee..
Chicago
+
+
7,389,508
.
Terre Haute
Complete and exact details for the week covered by the
in our issue of next week.
We cannot furnish them today, in as
ends Saturday and the Saturday figures are not available at time
Accordingly, in the above the last day of the week in all cases
4,647,249
2,934,611
3,501,746
33,187,000
4,374,872
__
Indianapolis
South
'v'"G;;':
4,075,396
Indiana—Fort Wayne__
.
+
5,964,084
—
Lansing-
"Estimated.
564,503
588,768
Michigan—Ann Arbor——.
+12.3
+ 6.4"
day——1—
one
all
-
I
District—Chicago—
Seventh Federal Reserve
$8,395,492,139
1,679,098,428
-
cities, five days...
Total all
+12.5
+ 11.7
not
some
time that the figures
correctly reflect business activity, for the reason
intra-bank items do not pass
did
that
through the clearing houses.
..Volume 159
j.
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4267
When
Holders
Payable
Redemption Galls and Sinking Fund
thare
Line
Atlantic .Coast
RR.—
$2.50
15c
Attleboro Gas Light (quar.)
$2
Ault & Wiborg Proprietary, Vk'h pfd. (quar.)
J$1.37J/a
Auto Finance Co., common (quar.)„_
20c
5V2'!» preferred (quar.)
683/*c
preferred,(s-a)
5non-cum.
called for redemption,
makincluding those called under sinking fund provisions,
ing tenders, and the page number gives the location in
which the details were given in the "Chronicle."
preferred
and
stocks
common
redemption or last date for
The date indicates the
■Acadia Sugar Refining Co., Ltd.—
47% 1st mtge, bonds, duel955_
•
,
'
.'
•
,
stock_________----——Mar 27
'
ji—_May 1
Delaware, 7% inc. debs, due 1978-—.Apr
1
Store. Realty Co., Inc., l?t mtge. 57s
.
'Armour & Co. of
.
Associated Chaiii
due
1957
m
Electric
California
—J-Apr 28
Apr 1
Canadian Canners, Ltd., 1st 4s, series A, due 1951——May
1
Canadian Foreign Investment Corp., preferred stock
Apr
1
'Cincinnati Street Ry., 1st mtge. 57s, ser. A, due 1952—Apr 15
'
1st mtge. 6s, ser; B, due 1955..
•Cities Service Power & Light Co.—•
V>r>57% .gold debenture
''
$7 dividend preferred
;
1
$6 dividend preferred
<
$5 dividend preferred
Apt
1962
1st mortgage 3'/as, due
$1.50
$1.50
377c
934
1
67
108
4% bonds, series C, due 1966——
—Mar 30
Fishman (M. H.) Co., Inc., 57 conv. preferred stock—Apr 15
Florida Public Service C0.--7
1st mortgage 4 % bonds, series C, due 1955—
i—.Mar 30
Pruehauf Trailer Co., 5% preferred Stock—
-May 22
^Grocery Store Products Co.—
Collateral lien 6% bonds, due 1945—;—-—------Jun
1
Hawaiian Irrigation Co., Ltd., 67 bonds dated 1909
July 1
935
Florida
Power
935
*
inspiration Consolidated Copper Co.—'
"v
1st mortgage convertible 47? bonds, due 1952———Apr
1
77 preferred stock—'
& ext. mtge. 57 bonds
737
1041
1
1
15
1
1
1143
937
1041
1148
*
Apr
Apr
Laclede Gas Light Co. ref.
dated 1935.Apr
1959
May
Liquid Carbonic Corp., 4VI2% preferred stock, series A—Apr
Mercury Mills, Ltd., 1st mtge. 5% bonds_„
Apr
Minneapolis & St. Louis Ry., 4% gen. mtge. inc. bonds_May
Minnesota Transfer Ry., 1st tmeg.' 3%%: bonds dated
'Or1936 ''iJ—
—
-Jun
Lehigh & New England RR. gen. mtge. bonds
Litchfield & Madison Ry., 1st mtge. 5s, due
•
—
——
iM.'?National/Dairy Products Corp., serial debs.,-due 1948—Apr 1
New York Dock Co. convertible 57 notes due 1947
Apr 11
Niagara Share Corp. of Maryland, 577 debentures—Apr 24
938
1043
Chapman Valve Mfg.
Chilicothe Paper Co.,
San Jose
1
^un
Apr
——
mortgage 5s, due 1947
serial notes, due 1945
Sioux City Service Co.. 1st tmeg. 6s, due 1951
Sftyre Electric Co., 1st
Shell Union Oil Corp.,
__Apr
-Apr
3-15
5- 1
4-10
15c
75c
4-14
3-20
.'4-1
3-10
class A—
$1.21
pfd. (quar.)—
City Title Insurance (N. Y.)
(quar.)_——• '
Cleveland Quarries (irregular)
\
City Investing, 77
non-cum.
•
880
*
774
1
976
1 .1190
—_____
25c
112 7c
35c
J3c
25c
Union
Cohen
(Dan)
(quar.)——
(Boston)
Connecticut Investment
line 377 bonds, due 1956
Apr
Southwestern Public Service Co.—
677 cumulative preferred stock—-———.—
Apr
Springfield City Water Co., 1st mtge. 4s,-ser. A, due 1,956—Apr
Struthers Wells-Titusville Corp.—
1st mortgage 5 7s, due 1949—
———
Apr
Tubize Rayon Corp., 7% cumul. preferred stock
Apr
Valve Bag Co., 6% preferred stock—.—_
Apr
Van Raalte Co,, Inc., first preferred stock
—Jun
York Corp.—York Ice Machinery Corp.—
1st mortgage 6s due l^**7——
—————Apr
1st mortgage pipe
1
976
3
1
977
11675
486
587
1193
1
1
1
1
1
682
$2198
preferred
1st
4- 1
(quar.)—
$6 preferred (accum.) _
Courier-Post, 77 preferred (accum.)
Creamery Package Mfg. (quar.)—
Credit Utility Banking Corp.—
Class B (reduced quarterly)—_—
Cudahy Packing, 67 preferred (s-a) ___—
77 preferred (s-a)
—
preferred
•
$1.50
Co.——_
25c
25c
4-15
4-25
4-10
(quar.)
—
Crucible___
—________
Dome Mines,_ Ltd
—
Dominguez. Oil Fields (monthly)___J._______
Dominion Oilcloth & Linoleum (quar.)
25c
75c
3-31
3-31
+40c
25c
4-29
3-31
$30c
4-28
3-28
4-28 .■
4-25
3-31
3-31
3-28
4-10
3-20
3-20
3-21
Dixon
separate tables.
In the
together all the dividends announced the
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
first we bring
current week.
'
declared.
The dividends
..
announced this week are: :
Industrial and Miscellaneous Companies
re
>
Share
Nome ot Company
Air
<
non-cum.
Reduction
Extra
Akron
Holdert
Payable
of Rec,
5~ 1
4"14
30c
(quar.)—-.—25c
4-17
4-15
3- 3
4-1
—-—25c
4-15
3-30
4- 1
conv.
'•
—
.A,
,
preference
(irregular)-
—----
—
Brass Mfg.
15c
30c
25c
(increased quar.)
!-■—
Alabama Fuel & lron_i._——
Allemania
When
25c
Adams-Millis Corp. —
Air Investors Inc.—
$2
>
Fire Insurance
(Pgh.)
(quar.)
___
4- 1
3-30
3-20
3-16
3-20
Gasket & Mfg.
3-20
4* 1
(Joseph)
: Extra
Drewrys, Ltd.
i
77
preferred (quar.)—
—
—,
Magnesia Talc Co. (quar )______—
Co. (quar.)
Manufacturing, common (quar.) __—
Elder
participating class A (quar.)_U_—:
Electric Bond & Share, $5 pfd. (quar,)^'^ '
$6 preferred (quar.)
)
Elizabethtown Consolidated Gas (quar.)—_
Emerson Radio St Phonograph (quar.) ______
Empire Trust Co. (N. Y.h (quar.)
Equitable Investment Corp. of Mass. (irreg.)
Equitable Trust (Bait.) (quar.)
——
F-R Publishing
(increased)Fall River Electric Light——
Federal Services Finance Corp. (Wash.,D.C. i-*~
5 7
Gimbel
3-23
$6
Arkansas
Natural Gas,-6%
pfd.
(accum.)
—
■
20c
3-31
Publications,
common
Quarterly
Quarterly
4- 6
—
—
Filing Bureau Equipment. 47' pfd. (quar.)__
First National Bank of N. J. (Jersey City)—
4-17
———————.—_—
Cable—
3-21 ;
4- 1
$1.25 .7 5- 1
$1.50
' 5- 1
$1.25
..
4-6
4- 6 '
3-22
4- 5
$2.50
15c
4- 1
75c
20c
10c
3-31*
3-23
3-24
40c
75c
4-5
3-30
3-31
3-31
4-1
4-15
3-27
3-23
; 25c
$1
Anaconda Wire &
3-24
3-21
"
v.t.c,_—__
Federated
25c
American Steamship
3-31
3-31
3-27
3-31
4- 1
3-31
4-10
4-10
3-31
—,
States Utility Corp., com. (irreg.)
preferred (quar.)
;
.
.
3-31
4-15
4-15
3-31
American Seal-Kap Corp.
:
3-24
3-15
3-20
3-31
4- 3
3-21
3-17
.
3-31
$1.50
15c
4-15
4-29
127c
(irregular)—
3-15
$1.50
4-15
687c
Co.
-
4-~ 1
$1.75
/
3-37
50c
57%
American Screw
vy25c
$1.75
$1
15c
25c
10c
■
3-31
$1.50
37V2C
$1,067
-——
67
American
(quar.)
^ jioc t
5c
50c
3-23
preferred (quar.)—_—.—
Federated Department Stores, common_____
4 77
conv. preferred (quar.)
Common ;
4-15
3-31
4-1
4-20
Filter, .common
preferied (quar.)——
American Bakeries, class B (irregular) _____
American Casualty Co. (Reading, Pa.) (quar.)
American Coach & Body (irregular).
American Discount Co. of Georgia (quar.)—
American Fidelity & Casualty Co. (quar.)__
American Maize Products, common
77 preferred (quar.)
-—
S7
—_
—_—
Eastern
25c
$1.75
', 20c
15c
American Air
5c
(initial) __
Edwards Manufacturing
15c
•
—
(South Bend, Ind.)
Early (te Daniel, common-
3-30
4- 5
4- 5
4- 1
4- 1
4- 1
4- 1
4-10
Extra
3-31
4- 8
4- 1
3-22,
30c
Diamond Ginger Ale
Dividends are grouped in two
3-25
(quar.V——
Detroit Edison Co.
-
——-
.J.
—
Fisher Brothers, $5 preferred (quar.)—-—
Fox River Paper; 57 preferred (quar.)—
Freuhauf Trailer, 57 preferied
Froedtert Grain & Malting (quar.)—-——
Fuller Brush, 77
preferred (quar.)
-
Oil
—,
Brothers, common
preferred
(quar.)—
——-
(increased)—
4-29
4- 1
4- 1
$1 /'
7
$1.00
$1.00
$1.25
$1.25
$1,127
20c
$1.75
Fulton Bag & Cotton Mills (irregular)
50c
Fundamental Investors, Inc. (increased)—_
22c
Garlock Packing Co._
—
50c
General Finance Corp. (quar.)—.———
5c
General Machinery, common (irregular)—_ ..
75c
47 7
preferred (quar.)
$1,137
Gillette Safety Razor (irregular)
—
20c
Gilmore
$1.25
;
3-21
3-21
'
•
3-31
6-30
3-23
6-23
4- 1
;
3-17
3-20
4- 1
5-22
4-30
4- 1
3-24
4-15
3-31
4-15
4-15
3-20
3-22
3-31
3-25
4- 1
4-20
3-20
3-20
-4- 3
25c
25c
3-20
4-25
3-15
4-10
$1.50
4-25
4-10
-
4- 1
4- 1
3-31!
4-15
3-31
4-21*
1
5-
f 3-15
1
3-15
3-31
3-31
3-22
1
3-24
25c
$1.75
$2.95
$2.95
3-29
Kaufman (Charles A.V
Light, 47
Kansas Power &
4-
Corp. (quar.)
Keith-Albee-Orpheum, 77 preferred (quar.)
Kellogg Co.
Kellogg Switchboard & Supply, common
57 preferred (quar.)
Kendall Refining
(irregular)
Kentucky Utilities, 67 preferred (quar.) j
Keyes Fibre, 67 prior preferred (quar.)_
Kidde (Walter) & Co. (stock dividend)_____
9-15
5-1
y;: 4-17
1
3-17
4-28
4-10
1
3-20
4-
4-
3-27
4-10
3-25
4-29
30c
$1.50
4-
$1.50
1007
4-
preferred (quar.)—
•_
$1.50
Frary & Clark (qnar.)__
37V2C
La Luz Mines (initial
22o,
Lawyers Trust Co. (N. Y.) (quar.)
*
25c
Lehigh Portland Cement, common (quar.)_„ y 25c
47 preferred (quar.)__,
—_____$1
Lelch (Charles), 77 preferred (quar.)—.
$1.75
Lenox Water (qitar,)..
$1.25
Life Insurance Co. of Virginia (irregular)
75c
4-15
conv.
non-cum,
preferred
1
,677 preferred (quar.)—
,
—__
Magnin
(I.),
4-14
7-
1
6-14
4-
1
3-20
4-
1
3-17
4-1
3-21
4-\ 1
3-24
5-
1
4-17
4-1
3-21
$1,627
50c "
$1.50
preferred-—
67
(irregular)
50c
____________
50c
C.), $2 preferred A (quar.)
(R.
Manning Maxwell 8? Moore—
»
Marathon Paper Mills, 67 preferred (quar.)
Marchant Calculating Machine (quar.)
25c
$1.50
37V2C
37Vac
$1.75
preferred (quar.)
77
—
•
'
19c
(irregular)—
2
1-2-45
12-20
4-1
3-24
3-31
3-10
4-
3-31
5
5-
5-15
3-15.
3-31
•
3-31
74-
4
4-
1
3-21
4-15
3-31
;
3-31
4-15
4-
3-21
1
4-20
3-31
,
4-20
5-
1
4-10
Oil Co., Ltd.—
(Coupon No. 39)
4-15
4-
3-15
3- 6
Mexican 32c
15c
25c
3-22
—
—
(quar.)
3-10
4-
3-31
3-15
$1.75
$1
—
non-cum. 2nd preferred
Gas & Electric Service
3-20
4-15
3-31
3-15
—$1
Missouri Power & Light, ,$6 pfd.
(quar.)—
$1.50
Monroe Loan Society, class A (quar.)
5c
Montana Power. $6 preferred (quar.$1.50
Montreal Light Heat & .fjjjwer Consolidated—•
Quarterly
i__
—
$37c
Missouri
Montreal Telegraph
J48c
(quar.)
Monumental Radio Co. (Rait.)
Common
v.t.c.
3-15
3-31
3-22
4-5
■
4-1
3-15
4-10
4-15
"5-1
,
.p-11
4-30
>31
4-15
3-15
4-1
3-24
y
50c
^
of America—
preferred (Series 1931) (quar.)
15c
Morris Flan Industrial Bank (N. Y.)_„25c
6'/»
Corp._
Mountain States Tel.
:
——__
& Tel.
Muskegon Motor Specialties,
(quar.)_——
50c
$1.50
50c
$2 cl. A (quar.)
$25c
(irregular)
1st preferred (quar.)
Nanaimo-Duncan Utilities
Mfg„ $5
5
—
(quar.)
Morris Plan Corp.
Motor Products
1
25c
Piping & Supply (Irregular)
Millers Falls Co., common (quar.)
prior preferred
,
127c
$1.50
(reduced)-..——
—————
Midwest
1—
Extra
$1.25
40c
.————
preferred <quar.)__—
;7 77 class C preferred (quar.)
—_
National Distillers Products (quar.)—
National Fire Insurance (Hartford)
(quar.)_
50c
2nd
(quar.I——
National
Fuel Gas
National
$1.75
50c
50c
25c
4-
3-277
1
—_
$1.25
(s-a)
non-cumulative Class A
prior preferred <s-a)_.
——$2.75
.National Shirt Shops, $6 preferred (quar.)„
$1.50
National Tea, 57T> preferred (quar.)———
13%c
Naomkeag Steam Cotton—-_——_______—
$1
Nelcoosa-Edwards Paper
50c
5
4-15
4-
4-15
3-31
1
5-15
64-
1
3-15
4-
1
3-24
4-
1
3-24
4-
1
-4-
1
3-24
5-
1
4-15"'
4-
1
3-22
3-24
4-15
3-31
4-15
4-
1
4-15
4-
1
4-1
3-27
5-
4-14
Manufactures & Stores Corp.—
$2.50
5
3-31
4-15
$1.50
(quar.)
Dredging Co.
partic. pref.
$5.50
9-20
;
4-10
Mexican Eagle
$2
10-
1
Corporation
Nashua
6-20
7-1
5-
Mid-States Shoe
77
3-21
4-1
1
preferred
Medford
$1
-
5-
McWilliams
.
5
preferred (quar.$1.25
Stores, common (quar.)__
15c
McLellan
67
4
3-25
$2
Macmillan Co. (extra)
Mahon
3-17
4-
1
677
Magor Car;
3-2Q
4-24
5-
preferred (quar.):_—$1,627
Lux Clock Manufacturingyfjrregular25c
Lynn Gas & Electric (quar.)
$1.25
•
3-20
3-31
1
$1,627
$1,627
677 preferred (quar.)
preferred (quar.)
67 7
4-14
1
4-
4-
277c'
—
3-25
$2
;
2nd
577
4
3-31
:
1
? 4-
__
(quar.)____________
preferred (quar.)—
Ludlow Valve Manufacturing Co.—
4
4-
3-21
1
4-25
10c
Taylor, common
4-
4-29
67
&
5
4-
4-20
'"4- i:
Landers
87
3-15
1
15c
$1.25
Laclede-Christy Clay Products, common—.—
Lord
3-17
1
10-
127ct
$1.75
.25c
Kearney (James R.)
,
4-
15c
$1,127
preferred (quar.)
3-17
3-29
50c
(quar.)
3-17
3-29
20c
(^uar.)
Department/Stores
Kaul'mann
•' '
& Furnace
Kalamazoo Stove
4-
Co.
Non-voting common
7% preferred
•
Kalamazoo Allegan & Grand Rapids RR. (s-a)
Si Semi-annual
3-25
4-20
4-20
4-1
4- 1
;
3-25
4-15
McCrory Stores, 57c
3-24
3-27
3-27
3-20
4-10
Aircraft Engine
Jacobs
3-20
3-31
4-1
3-20
1
4-
877c
—
Massachusetts Investors Trust
4-1
"
3-21
(irregular)—
20c
James Manufacturing (quar.V——
25c
Jeannette Glass, 77 preferred (accum.)_„_
$1.75
Jenkins Brothers, Founders shares;
'r'
$1
preferred (quar.)
87
,
3-20
4-1
77
4-15
—5c
—
15c
3-11
4-15
3-31
4-15
4-10
5- 1
5- 1
5-10
3-31
4-153-31 ^
4- 1
3-23
4- 1
3-20
4-10
3-31
;
3-20
4-15
Inc.
3-27
4-25
$1.75
$1.50
$1.75
377 c
127c
$3
$3.50
377c
preferred (quar.)
:
■
3-15
4-15
"C,"
5-15
50c
$2
65c
3-20
4- 1
4- 1
"
Maryland Drydock Co., common_—
5-15
3-24
3-20
13c
10c
$1.50
$1.75
3-23
50c
.
• ,
Inc.
Iowa Power & Light, 6 7 preferred (quar.)
4-1
(irregular)—:
Products Refining, common (quar.)—
class A
67 conv. preferred
;
Dempster Mill Manufacturing—
•
i
(increased)—.
Investors Mutual,
3-14
3-23
$1.50
.
3-24
4- 1
5-1
4- 1
,
20c
$1
—•
preferred—
4-15
-
iquar.)^
Utilities Corp.—
Investors Fund
4-10:
3t23
.4-15
Consolidated Rendering
Darling Stores, 67
preferred
47
3-31
3-20
40c
40c
_
(irregular)
preferred
preferred (quar.)
$3.50 prior
3-23
—
(quar.)___
De Pinna Company,
57
International
3-21
V' 4- 1'
4- 1
5-10
4- 1
10c
Extra—
77
(quar.)_
Irregular
•
4-15
3-20
50c
.
non-cum.
International Milling,
•f
3-25
__
Management (s-a)
Detroit Steel Products-
DIVIDENDS
6 7
(N. J.)
.
25c
25c
27c,
$1.50
.
Inc.
Lunkenheimer Co.,
,4-1
4-1
Consolidated Natural Gas—
Common (Initial s-a)—————
Corn
<quar.)_—
(quar.)
Horn & Hardart Baking Co.
Consolidated Machine Tool—
Detroit
Jin Volume 158.
♦Announcement in this issue.
•
Horder's
____
4-15
4-15
4- 1
4-20
>4- 1
$1.50
(quar.)___—
Co.
Collateral Loan Co.
Corroon & Reynolds,
Natural Gas Co.—
3-22
3-21
3-20
4-15
15c
Stock Yards (quar.)_—i'__
(N, Y.) (quar.y
—
Gold Mines; Ltd.———
Cleveland
1080
;
3-31
4- 1
$1,733
$1,444
$1,75
—
————
3-13
4-1
4- 1
$2,022
Light, $7 preferred—
——
Drugs
:
•
$1.25
Collyer Insulated Wire————
J
1
V;V due ; 1961
Southern
preferred
preferred
$6
$6
Ltd.—
47% bonds, series A and B-——
Apr
Water Works, 1st mtge. 3% 7 bonds, series A,
4- 1
(quar.)—50c
77 pfd. (quar.)
43%c
47 7. pfd. (quar.)
$1,127
Cities Service Power &
Saguenay Power Co.,
1st mtge.
37VaC
Cochenour Willans
*
—
———
3-17
3-21
3-15
,
Chicago Railway Equipment,
585
1151
385
1955——————Apr 1
due 1970
Mar 31
——
>Apr 1
Republic Steel Corp., gen. mtge. 477 bonds, series C,
due
1956
May 1
Retail Properties, income 57 deb. series A, due 19^9—Apr .1
4-1
3-27
4-1
—
Chamber of Commerce Bldg. Corp.,
•
Clinton Trust Co,
37s, series B, due
$1
30c
25c
3-21
—_——
& .Wire, common
preferred "(quar.)
1044
Oklahoma Natural Gas Co.—
Pennsylvania RR. gen. mtge. 3%s, ser. C,
Reliance Mfg. Co.. of 111., preferred stock
3-25
1st preferred (quar.)
Central Steel
67
5-15.
4-1
(quar.)
67 preferred (quar.)——————
Central New York Power, 5% pfd. (quar.)__
<
^7- 1
40c
Ltd. (annual)—
Mills—
Flout
4-20
4- 1
3-31 7
3-31
3-31
4-29
3-22
Central Fibre Products, commoa
$5
878
1st mtge.
Centennial
3-31
3-31
3-31 "
3-31.
5- 1
4-15
4-15
5-1
4- 1
——
47
Carnation Co.,
•
debentures, due 1952—Apr
57%
Corp.,
4-15
4-15
3-21
(quar.)_
Cannon Shoe Co.—
5-3
5- 3
3-31
t$1.50
115c
tile
J$1
10c
ICapital Finance Corp.—.
1
1
National Container
6-1
6-1
4-15
6d
123,88c
-
Canadian Insurance Shares,
:
936
1
8
•
Johns-Manville Corp.,
Extra
8
936
842
1148
Co.,
Electrochemical
Canadian General Investments Ltd.
3-17
4-15
3-22
4-3
J$5
(quar.)_
Canadian Bank of Commerce
936
1147
936
67 preferred stock
Hotels Statler Co., Inc., 67 preference stock
Hudson River Day Line. 1st mtge. 6s, due 1946
.
(Toronto) (quar.)—
pfd. (quar.)
Canadian Eagle Oil Co., Ltd.—
Ordinary shares (Coupon No. 10)
Participating preference. (Coupon No. 11) _
Assurance
Canadian Breweries, $3.40 conv.
1146
1
1
Mar 31
Mar 31
—May 31
4-15
5- 1
J85c
(quar.)
Canada Life
Hp.wley Pulp & Paper Co. first preferred stock
Apr
Helvetia Coal Mining Co., 1st mtge. 5s, due 1958——Apr
Hooker
preferred (quar.).
:
preferred (series 1927) (quar.)
Common
Corp.—
1st mortgage
v-
(quar.)_..._
(increased quar.)
4- 1
5- 1
1
_Apr
4-20
4- 1
4-15
3-30
.
67
7% bonds, series A, due 1949
5- 1
50c
16c
...
6% 1st preferred (quar.)
;
t$1.50
6% 2nd preferred (quar.)
j$1.50
Brompton Pulp & Paper (quar.)
25c
Brooklyn Union Gas————25c
Butler Brothers, common_.___.____
15c
5% convertible preferred (quar,)
37V2C
California-Oregon Power, 77 pfd. (quar.)__
$1.75
Durham Public Service Co.—
Ref. mtge.
(quar.)___
25c
35c
Brink's, Inc. (quar.)—$1.25
1037
-
(reduced 1
International Button Hole Sewing Machine—.
r3-15
4-15
4-4
4-10.
3-31
3-23
3-31
3-20
-
15c
$15c
preferred (quar.)_
Electric, 67
Ltd
•
3-1
3-27
Bridgeport Hydraulic
1037
Oil Co.,
3- 6
4- 1
4-20
4-15
Property Trust (quar.)
& Kluge
Brandtjen
Gas &
Inter-Mountain Telephone, common-(irreg.)
3-31
4-25
3-20
—
Home
3-27
4-19
4- 1
4- 1
3-24
3-24
4- 1
4- 1
6-15
Hendey Machine, Class A (quar.50c
Class' B (irregular)—
15c
Henkel-Clauss, $6 preferred (quar.) ——
$1.50
4- 1
1144
1144
1144
3
Apr
—
_
Boston Edison Co.
$1.50
30c
Haughton Elevator, $6 prior pfd. (quar.)
Gas Light (increased)-
Hook
British Columbia Telephone—
May 10
debentures due 1946——
y Duluth, Missabe & Iron Range Ry.—
f
Insurance (Ala.) (quar.)
Bloomingdale Brothers, Inc.________________
Boeing Airplane Co.——^
3-21
Haverhill
4- 1
Ji5c
35c
22V2C
$1
4-25
4- 1
50c
$1
—
Honolulu Gas
4-10
3-31
5- 5
4-
—
$2
43%c
(quar.)
Birmingham Fire
Boston Personal
(Cambridge, Mass.)
25c
,•
4-15
3-31
$1.75
J$1.75
(initial)—
Marx, new com.
$1.25
$1,
3-23
4-
(quar.)__^__
preferred (accum.)_
67
3-20
3-20
3-27
1144
—
10-year 37%:
Ltd.
Biltmore Hats
•
11728
836
635
1144
1144
_—Apr 15
—r——_ .Apr
15'
i——Apr 15
—————Apr 15
due 1949
stock
stock.:
stock
0% conv. preferred stock_
Consolidated Edison Co. of New York—
\1
.
1
—Apr
—
Collins & Aikman Corp.,
Income
.
bonds
mtge.
trust
1st
Co.,
Power
-. *
635
y
1
Apr
—
3:31
Biddeford & Saco Water Co, (quar.)
1956
due
Beacon
Quarterly
4-13
5
4-15
5- 1
4-1
$1,627
$1.75
Guaranty Trust Co. of Canada (quar.)
Hart Schaffner &
\ 3-25
C0c
Co., Inc.
Group Corporation,
4- 5
4-15
3-31
37Vic
Laundries, preferred (accum.).—
Associates, 7% preferred (quar.)—_
Baxter
3-31
3-17
3-20
50c
5c
common (resumed)
preferred (quar.)—
conv.
L.)
of Rec.
1
5- 1
40c
<P. H.i, 6Va7 pfd. (quar.V—
Hosiery,. 7.7 preferred iquar.i_
Goulds Pumps, 77 preferred
(accum.)—
Great Lakes Power, 77 preferred (quar.t—
(H.
When
Payable
$$1.25
Glatfelter
Green
Hoiaert
Per
■
Gotham
Home
Bausch & Lomb Optical, common.:
57'
convertible preferred (quar,)
<
>.
'20-yr. 6 7 inc. 2d mtge. bonds, due 1957
Bridgeport Oil Co., preferred stock
6'/<<
4-15
4-10
3-31
3-25
.
20c
Bartgis Brothers,
346
1
Apr
notes due 1947
Avery (B. P.) & Sons Co., 5%
Bay way Terminal Corp.—
<
4-29
12V2C
$1.37'/a
.
1st mtge. 4Vis, due 1956—Apr
Atlas Oil & Refining Corp.,
Co._i_
:
Baker (J, T.) Chemical, 5%%. pfd. (quar.).
Baldwin Company
Bankers Trust Co, (Detroit, Mich.) —
Increased semi-annually..—
Welt
Backstay
3
> '•*.
1 y y: 731
—;—_Apr
—
3-15
25c
929
835
.
_
(irregular)——.:..—.——
Babcock & Wilcox
v3-21
3-25
2-29
4- 1
4- 1
v-v
■
Name of Company
:
Harvard Trust Co.
—
convertible preferred (quar.).
—
v: 37Vic
Autoline Oil Co., 87o preferred (quar.20c
Axelson Mfg. (irregular)—
...
10c
633
.441
American Bakeries Co., class A
American I.-G. Chemical Corp.—
57 % conV. debentures, due 1949—
(Pliila.)
$1.50
>
.
1
Apr
:—
______
—
Automobile Banking Corp.
Page
Date
Company and Issue—
—
— .
corporate bonds, notes,
4-24
3-20
3-31
4-3
3-25
3-25
5-10
4- 1
4-15
5-1
4- 1
4- 1
—
Atlantic Realty
Below will be found a list of
■
' v15c
4-10
3-30
v;".vy
Equipment Corp.
Aro
-
thare
: :v
ot Ree
V.ter
Name of Comvant
.
1
4-10
3-21
3-31
3-20
4-15
3-31
4-
1
3-27
4-
——
New
New
New
Brunswick Telephone
(quar.)—,
England Power. (>% preferred
London Northern RR. (quar.)
& Richmond Gas—
12c
.
$1.50
$1.75
(quar.)—
—
New York
67
New
prior preferred (quar.)
Telephone (quar.)—
York
Manufacturing (irregular)
North American Investment Corp.—
67 preferred (accum.)
1—
577 preferred (accum,)—
Northern Indiana Public Service—
577 preferred (quar.)
67 preferred (quar.)
77 preferred (quar.)__—_
Judd
Northern States
7 7
67
Northern
Trust Co.
Northwestern
Oahu Railway
(Chicago)
3
3-27
$1
4-
3-31
15c
3-31
3-23
50c
3-31
3-23
75c
4-20
3-31
6834c
4-20
3-31
4-14
3-31
,
.
—
$1.37/2
$1.50
—
Power (Del.)—
preferred (accum.)____
preferred (accum.V_
3-17
3-29
$1.50
$1,50
—
Niagara Fire Insurance Co. (N. Y.) (quar.)_
Norma-Hoffman Bearings (irregular)
North &
1
1
3-31
4-
—
(quar.)_
National Insurance (quar.)____
& Land (irregular)
4-14
3-31
$1.75
4-14
3-31
$1,317
4-20
3-31
$1,127
4-20
3-31
1
3-21
$4.50
4-
$1.25
3-31
3-20
30c
3-11
3-
5
'
1
•'
:h
I
••
Name of
'
Per
;jii\—
preferred (quar.)____
(quar.)
preferred taccum.)
;
Orchard Farm Pie, $5 preferred A (quar.)—
^Pacific Coast Terminals
(initial)——.
'>■'
25c
common
89$
1st
79$
2nd preferred
Siiknit, 79«
California—
—;;
Corp. of
Pacific Finance
preferred (quar.)_,
5%
•'
4-15
Public
;
Reece
Rhinelander Paper
Rhode Island Electric
(quar.)
.
(quar.)
Inc..
Co. (quar.)————-----
Extra
1
3-24
4-20
3-31
4-20
3-31
1
3-21
4-
1
3-25
5-
1
4-15
5-
1
4-15
5-
1
4-15
5-
1
4-15
—
preferred (quar.)
preferred (quar,)
Alabama & Vicksburg Ry.
3-24
3-24
5-25
4-19
Allegheny Ludlum Steel____——
Allied Laboratories (irreg.)
Allied Products Corp.; (quar.)——
1
i. 3-16
4-20
4-10
1
5-20
I
4-15
6-
5-
Angeles, Cal.) —
Investment Trust (Denver)—
preferred (accum.)—'
Security Storage (Wash., D. C.)_
—
Security Title Bldg., $7 partic. pfd. (stccam,)
Sefton Fibre Can Co., 57c prior pfd. (quar.)
Water Ca.—1=——
Optical
7# preferred (quar.) ..ui'
*
,
-——
Ltd.
Premier Mines,
•;
-
Simplex Paper Corp. (irregular)Smyth Manufacturing <quai\)_
—
Sonoco Products (quar.)_
___
1
3-15
3-22
American
American
5-
1
3-31
3-31
1
3-15
American Bemberg Corp.
American Bosch
Corp
3-15
3-
American Brake
3-31
3-23
3-31
3-23
4-
1
3-24
4-
1
3-24
3-30
3-22
3-30
3-22
3-30
3-22
4-15
3-31
3-24
__________—
$3 preferred (quar.)—___—
Springfield City Water, 67c pfd. C (quar.)—
1% preferred A (quar.)
—
79$ preferred B (quar.)
Standard Chemical, Ltd. (irregular)
Standard Coated Products Corp.—
$1 preferred (accum.)————
Standard Paper Mfg., 67o preferred (quar.)Standard Products Co. (resumed)—.
Standard Steel Spring Co. (irregular).——
Standard Wholesale Phosphate & Acid Wks.—
'
57c
(quar.)__
;
$3.60 pfd. (quar.).
Tobin Packing, common (quar.)
Textile Banking Co.
Thatcher Manufacturing,
3-31
(quar.
Towne Securities, 7To preferred (accum.)_
Traders Building Assn. .(quar,)..:
Class
B
$3
S.
—
4-15
Co.
U.
4
(quar.)—
3-14
S. Universal
3-14
4-15
4-5
$6
.
common!
;___
American
3-20
1
3-20
4-
1
3-20
Extra
4-30
3-31
American
4-10
4-
1
American
3-25
V4---T.';::
75c
4-10
25c
4-15
25c
Joints
______
,
conv.
(quar.)—
preferred
Upson Co., 17o preferred
Warren
._
.
(quar.)...
conv.
(quar.).preferred
(quar.)
preferred
West Penn Electric, ,77o
67c
preferred
Western Insurance
6
7c
preferred
Western
(quar.)..
Weymouth
(accum.)
Light &
Power
$4.50 pfd. (quar.)
(irregular)
a
Wheeling & Lake Erie Ry...
(quar.)
6
6-
3-27
3-31
3-16
3-31
3-16
American Rolling Mill Co.,
6-15
American
Wico Electric, 67c preferred A
Woodall Industries, Inc.
Worcester
Suburban
:
Common
Service Co.,
9-15
12-15
6-1
5- 2
6-
1
5-2
$i
30c
4-1
3-15
4-14
3-27
American Stores
3-30
3-21r V
common
(initial)
American Sugar
3-29
3-22
American
5-15
4-30
-
10c
50c
90c
25c
.
4-
3-20
i 3-23
3-31
3-24
5-1
5-
1
4-18
4-
1
3-23
4-1
3-23
$1.50
SI
25c
25c
3-29
3-18
3-29
3-18
.
f; 5- l:®v
5-
1
4-18
4-15*
4-15*
50c
BlVac
4-15
3-31
4-15
3-31
3-22
3-16
17V2C
$1.75
4-15
4-
4-
3-15
1
5
$1.50
1
3-24
I2V2C
Electric
30c
25c
(quar.)_
Co.
Inc., common
Anaconda Copper Mining Co
Anchor Hocking Glass, common
$5 preferred (quar.)
Angostura-Wupperman
Apex Electric Manufacturing, common
75$ prior preferred (quar.)
Argo Oil Corp. (s-a)
$6 pfd.
4-17
Asbestos, Ltd.
4-
3-20
5-15
5-
5-15
4-17
1
$7
(quar.)
preferred
Arundel
Corp.
3-31
—
.
9Cc
3-23
5-
75c
$ 1.12V2
60c
75c
20c
30c
15c
(quar.)
1
4-10
1
3-27
3-28
4-15
;
3-16
4-' 1
4-
4-15
4-
5
5
1
3-21
4-15
4-3
3-27
3-15
4-
Associated
Associates
Common
5- 1
7- 6
7- 6
3-30
3-27
4-15
4- 1
3-31
4- 1
4- 1
5-15
4-14
6-24
6-24
3-10
3- 7
4-10
3-25,,
3-21
3-20
3-20
4-15
>
10c
$1.50
$1.50
50c
25c
(accum.)_
(quar.)
$20c
(quar.)
*10c '
$25c
Breweries of Canada
3-15
>.
5-15
4- 1
4- 1
4- 1
4-15
3-15
3-15
3-10
4- 1
3-23
4- 1
3-20
3- 1
3-31 '
3-31
3-31
3- 1
2-29
4-13
3-21
40c
3-31
3-31
4-10
3-16
Investment Corp.—
(increased
quarterly)
preferred (quar.)
Athey Truss Wheel
Atlantic Co., 6 9$
preferred
-
%
$1.25
25c
preferred,
'65$ preferred,
class A
(quar.)
(quar.)
class A (accum.)
3-16
3-25
3-20
$1.50
/
4- 1
75c
i
3-13
3-15
® 4-
3-15
___________
4-
preferred
4-1
3-20
,50c
4-1
3-20
(quar.)-;
2-29
4-15
3-23
3-31
■? 3-10
3-31
3-15
3-31
3-15 '
5-1
4-14
3-31
3-31
6-30
6-30
4-1
3-18
4-1
2-25
4-1
3-23
3-28
3-20
Class
A
preferred
4-10
.
(quar.)
(s-a)_j
Oil Ltd. (quar,)
'
3-20
3-31
3-25
3-31
3-15
3-31
3-15
3-29
3-15
4-25
4-29
$1
4-25
4-1
3-15
wm 1
3-21
3-31
2-29
4-1
3-10
4-
1
3-22
4-
1
3-20
;
3-23
3-31
4-
1
3-20
4-
1
3-11
4-15
.
3-20
4-
:
1
3-20
3-20
3-24
4-15
3-20
4-1
3-15
5-20
4-20
5-20
4-20
3-31
3-17
3-31
3-17
;•! 3-31
3-16
4-
1
4-
1
3-15
4-
1
3-15
4-
1
3-28
4-1
3- 7
4- 6
% 3-1
4-6
2,/a%>
3-1
4-6
3- 1
Gas Co.—
4-
$$1.50
(quar.)
preferred
6 9$
1
1
4-29
4® 4-
6d
lOd
Ordinary shares (final)
Ordinary shares (interim)
59$ preferred (s-a)
British Columbia Electric Power &
/
3-13
3-20
3-31
British-American Tobacco—>
(
.
3-31
25c
50c
$$1.50
$25c
(irreg.) _
common
British American Assurance Co.
British-American
3-16 !
I
3-31
25c
$1.3714
35c
$1.75
Bridgeport Gas Light
Manufacturing Co.,
3-15
1
4-
$50c
$10c
Bridgeport Brass Co., common.:
,514%" preferred (quar,)
Brillo
3-15
4-1
® 3-31
■
Bridgeport Oil, 7%
1
3-20
3-31
British Columbia Power,
$40c
25c
4-15
Bronx County Trust Co
50c
75c
4-15
class A (reduced)—
Broad Street Investing Corp. (irregular) ——
Brooklyn Borough Gas, $6
Durrell
Brown
59$
Co.,
partic. pfd, (quar.)
4-
preferred (quar.)
preferred (quar.)
7%
Brush-Moore
7%
common
_*
Bullard
Ltd.
Products
Co.
■
Butler
(P.
H.)
5'%
preferred
5%
non-conv.
Butler
Byers
California Electric
California Packing
5%
'
Ltd. (interim) —
Power, 514% pfd. (quar.)
Corp. common (quar.)—
(quar.)
preferred
California
$1.75
$5c
preferred (quar.)
(A. M.), 7%
Calgary & Edmonton Corp.,
$1.3114
3714c
6214c
—-
Water & Telephone—
Canada
3714c
$62!4c
$$1.50
$15c
$$1.25
$$3
$15c
$$1.75
*; $$1
Canada
$$2
$50c
preferred (quar.)
Canada Bread, 59$ preferred (quar.)
69$
preferred (quar.)———_—
—
Canada Cycle & Motor, Ltd., com. (quar.)—
5% sf 1st preference (quar.)
Canada Iron Foundries, 6% preferred
6%
Canada Northern Power,
7%
preferred
Ltd., com. (quar.)_
(quar.)
Packers,. Ltd. (quar.)
—
Canada Permanent Mortgage (quar.)——__
Steamship
Canadian
$3.40
Lines
—
Breweries,'-Ltd.—
convertible, preferred
59$
1st
Canners,
part,
—
.
Participating
'
■
I
$85c
(quar.)
(quar.)__
Ltd., common
preferred (quar.)
Participating
2nd part.; preferred (quar.)
Canadian
:
7 '
.
$1214c
$25c
$5c
$15c
$5c
i;
3-14
4-
1
3-10
4-
1
3-10
4-1
3-15
3-31
3-23
3-31
3-23
4- 1
3114c
3114c
$1.50
3-15
3-29
3-27
' ;
(initial series) (quar.)
preferred series B (quar.)_
69$ pfd. (quar.)
3-20
1
4-
$$1
$15c
Manufacturing,
3-11
3-27
$15c;
$1.50
75c
Co.—
3-11
1
3-31
50c
Co.
Steel,
Terminal
1
1
4-
-Z7 50c
(quar.)
—
—
Ltd, (quar.)——_
Co., 69$ preferred (quar.)_^
Bush Terminal Bldgs., 7%
pfd. (accum.)—
Business Systems, Ltd., common (quar.)
6% non-cum. preferred B (quar.)—
Watch
Bulova
Burlington
4-
1
4-
$15c
—
3-16
4-
$3
(quar.)——
(quar.)
"—__
3-16
3-31
$1.75
(quar.)
preferred
3-16
3-31
$1.50
15c
pfd. (quar.)__
(Irreg.)
Buffalo Insurance (N. Y.)
Building
3-17.
3-20
3-31
25c
8714c
$1.75
Newspapers, 69$
Bucyrus-Erie
3-15
1
4-1
$1.25
$5 preferred (quar.)—————.
(E. L.) Co., common (quar.)
314%
1
4-
$1.25
3-15
.
Bruce
1*
3-14
1
4-
—$1.25
————
4-
1
4-
•
Brown-Forman Distillers Corp^—
$5 preferred (quar.)^—
Brunswick-Balke-Collender Co.—
3-24
1
4-
15c
common——
(quar.)
preferred
:
4-15
Ltd
Extra:
■
6
2-29
$$1.50
(quar.)
.;
Distillers of Vancouver,
&
Brewers
3-
:/
4-
37V$c
$20c
J 10c
$1(4
$32'/2c
(quar.)
■
3-10
4-
4-
I2V2C
3IV4C
(initial)
Corp., Class A (accum.)_
Brantford Cordage Co., Ltd., $1.30 pfd.
Bush
109$
55$
65$
3-13
$1.25
5c
25c
$1.75
15c
,
(111.), $6 prior pfd.
Art Metal Construction
:
Armour & Co.
4- 1
4- 1
1
50c
15c
(quar.)
Associated Electric Industries, Ltd,—
Ordinary (registered)
(annual)
3
3-15
3-10
4-15
4- 1
$1.75
5-15
4-
3-31
$1.25
75c
$2.25
10c
(quar.)
4-
3- 6*
" '
$1.50
12%c
-
& Light,
Power
i 2-23
v
$2.25
$1.50
*
—
Extra
Arkansas
6-1
4-15
$1.25
Metal,
5c
12V2C
25c
$1.75
$1.50
4-19®
4- 3
Telephone
Amoskeag Co., common (s-a)
$4V2 preferred (s-a)
Ampco
2-25
3-15
4- 1
$1.75
Refining, 79$ pfd. (quar.)—
Co. (Abilene, Kan.—
57c -preferred (quar.)
;.
—
American Telephone & Telegraph Co. (quar.)
American Tobacco Co., 65$ pfd. (quar.)
American Water Works & Electric—
.
$6 preferred (quar.)
American Wringer (irregular)-—-—--;
American Zinc Lead & Smelting Co.—
$5 conv. prior preferred (quar.)—
3-17*
3-14
3-13
3-13
3-15
7- 1
6-1
4- 13-9
4- 1
-3- 9
3-31*
3-18
4- 1
3-15
60c
_
preferred (quar.)
American Stamping
(irreg.)
American States Insur. (Indianap.)
2
4-
Co.
65$
3-20
1 ■''
4-1
$3 ^preferred
American Snuff
__—
Extra
69$
3-24
4-15
7-1
3-13
4-
40c
$4
$1
Brandon
.
3-17*
3-31
100
$l,123/2
20c
4V27c pfd. (quar.)
5
4-
Brazilian Traction Light & Power—*
3-1
4- 1
4-1
25c
(participating)82/100c
9-30
■
25c
50c
$1.25
—
12-30
—20c "
Extra
.
.
Manufacturing Co., common^
55$ preferred (quar.)
American Optical Co. (quar.V—
American Radiator & Standard Sanitary-
6-15
6-30
$1.75
'
___________
3-18
4-
75c
40c
$2
$1.25
Brach (E. G.) Si Sons
3-1
4-1
(quar.)
Ltd.
3-15
62 V2C
Railway < quar.
(quar.)
Mines,
3-15
1
3-31
$4c
$1.75
.
-i
3-25
4-
J15c
'.
Botany Worsted Mills; class A
$1.25 preferred (quar.)_____
3-18
3-21 !
3-14*
4-1
4- 1
3-30
4-1
25c
(irregular)—
Extra
Pipe & Steel Co. of California.
Whiting Corp.
(quar.)_____
& Metals
4-1
: 80c
62V2C
—
Locomotive, common
American
Securities—
Westvaco Chlorine Products,
preferred (quar.)
$3
Refining & Chemical
Manufacturing Co., common
Wentworth
$1
—______________—
3-15
4-1
$1.50
Boston Storage Warehouse
3-17
4-1
3-31
4-1
4-1
4- 1
3-10
1
4-
37V20
.
RR. (irregular)
& Albany
Boston Insurance Co.
3- 8
3-20
4- 1
4- 1
3- 6
1
3-30
4-
25c
Corp.
Boston Elevator
•
3- 8
3-31
40c
15c
(accum.)—
E.) Co., $3 preferred
Borg-Warner
.
3-31
75c
class A (quar.
(quar,)___,
B
Bralorne
3-21
® 10c
$1.75
$1.50
Aluminum & Brass_-_«_«i._______v-.—,
Bon Ami Co.,
:
1
$1.75
25c
(quar.)_
—
,(irregular)
Birmingham Electric^ $7 preferred, (quar.)__
$6 preferred (quar.).
Black & Decker Mfg. (quar,)_^
Blaw-Knox Co. (irregular)
—_______
Bliss & Laughlin, Inc._i_-_(____-^-;_—.
5•% preferred (quar.)
!_—
1!
Bloch Brothers Tobacco, 69$ pfd. (quar.)__
Blue Top Brewing, class A (quar.)_
Class B (initial)—
Blumenthal (Sidney), 79$- preferred (quar.)_ :
Boston
3-24
4-
50c
Bird & (Son
Investment Co. of Illinois—
77c preferred
,
4-10
25c
75c
20c
25c
5c
American Machine
3-2$.
3-3)
,
3-31
Products (monthly)——!—
American Insurance (Newark, N. J.) (s-a)__
57c
8-25
11-25
3-24
3-17
3-15
3-31
$1.75
————_
American Home
4-
preferred (quar.)_____:
79$ pfd
(F.
3-16*
1
i
75c
Bethlehem Steel Corp.,
Class
1
4-
62Vac
& Cement—
Bickford's Inc.
Booth
3-10
4-
$1
Bessemer Limestone
Bohn
4-1
__
'
5-25
25c
(quar.)____
Hide Ss Leather, 6% pfd. (quar.)_
4- 5
.
(quar,)
(Bklyn.)
Quarterly
69$
3-10
30c
$2.50 prior preferred (series 1938) (quar.)
& Hedges, $2 conv. pfd. (quar.)
6
3-
3-6
4* 1
$1
t$l
I$1.75
t$2
75c
common
V
4-1
25c
50c
—
Benson
3-20
3-20
3-17
American Hardware Co.
1
4-15
United Stockyards Corp.—
70c
(quar.)
,
4- 1
4- 1
3-31
*
Rubber, common
preferred
3-31
4- 1
4- 1
$1.50
$1.50
(quar.)—:
2nd preferred (quar.)
1st preferred
7%
.
9- 1'
12-1
12V2c
'
:
& Felt, common.
American Hard
5c
Mining,
(quar.)__
preferred
3-31
50c
(quar.)__
_;
U. S. Smelting Refining &
77o
3-31
4-15
67c
$1.25
common
Chemicals
Extra
3-16
15c
(quar.)
—
Industrial
American Hair
3-27
$2
participating preferred
Extra
U.
3-16
$$i
_____________
United Pacific Insurance
1
.
10c
class A
United Milk Products,
3-22
4-
$1.75®
preferred
United Drill & Tool,
3-18
25c '%
(quar.)
„
Taylor-Wharton Iron & Steel (irregular)
Terre Haute Malleable & Mfg. Corp. (quar.)_
Taunton Gas Light
79$
3-18
3-29
4-
25c
iw-.——-4—?
Special
3-20
3-28
$1.25
$1.25
_
Stewart-Warner Corp, (s-a)—..
;'
3-20
3-28
15c
!
preferred (qyar.)
preferred (quar,
1
3-31
4-
v
7
Loan,
Bensonhurst Nat'l. Bank
3-11
w"
3-15
6- 1:'
American
3-25
4-25
(Boston) (quar.)
.V
$2
Stecher-Traung Lithograph, common (irreg.)';;..'.12Vic
5% preferred (quar.).
$1.25
57c preferred (quar.)
_
SI.25
5%
4-15
Envelope,' 1% pfd. A (qudr.)J___> ' / $1.75
17o preferred (quar.)
$1.75
17o preferred
(quar.)_^
$1.75
American European Securities, $6 pfd. (quar,) ® $1.50
American Express
(quar.)_
$1.50
American Felt Co., 6% pfd. (quar.)———
$1.50
American Fruit Growers___
—___—
25c
American Gas & Electric, 4%% pfd. (quar.)
$1.18%
4-
Street Trust Co.
State
———
$1-25
$1.75
$50c
Irregular
.
3-23
Beneficial Industrial
3-11
3-17
3-11
3-11
4-1
4- 1
4-1
4-1
4-1
75c
75c
$1.50
$1.75
Spicer Manufacturing Corp.) common.
'
3-22
1
4-
50c
Boston Herald-Traveler
$1.50
15c
15c
■1
?■'
$1.06J/4
Aviation
Bendix
.
3-27*
3-15
$1.754- 1
$1.50
3-31
Corp.
common (quar.)
(quar.)
Beatty Brothers, Class A (irregular),
Class B (Irregular)'
:
Beech Creek Railroad (quar.)
Beech-Nut Packing (quar.) __-_i
-i.
Belding-Corticelli, Ltd., common (quar.)
7% preferred (quar.)
Bell Telephone of Canada (quar.)_;
$4.25 preferred
3-17
3-17
3-17
3-17
3-15
3-16*
3-31
4- 1
,
3-24
35c
25c
683/4C
40c
$1.37 V2
$1
35c
Creamery,
Beatrice
3- 9*
3-24
3-31
6c
$1.75
3-24
3-31
6%c
IV2C
(quar.)
Works
Iron
Bath
3- 9*
3-31
3-31
'®®51^®priJferr#d<;;(q0afi3^---.---------r---i.-.--. ;
3-23*
4-1
60c
Southland Life Insurance (Dallas)
25c
10c
$1.31 V4
(quar.)
preferred (quarj—
—12V2C
^Telegraph (N. J.)—
'
57c
3-27
l-
(quar.)
■
2-31
$3.50
50c
(quar.)__
common
preferred
$5.50
3-9
3-31
3-17
3-10
4- 5
3-17*
3-17
3-18
3-17
4- 4
3-20
3-20
American District
3-31 7
37 V2c,
preferred (quar.)
3-27
4- 1
..
common
—
preferred
Class B
3-31
3-31
Shoe,
25c
25c
-
3-15
3- 9
4- 1
4-1
3-31
75c
—
—
(initial)——
(quar.)
—
American Business Credit Corp., class A
American Can Co., 7% preferred (quar.)—
American Car & Foundry^—
17o non-cum. preferred (quar.)
American Cigarette & Cigar, 6% pfd. (quar.)
American Cities Power & Light Corp.—
$2.75 class A (opt. div. series) of 1936—
A share of class B or 38%c. in cash—
American Crystal Sugar Co., 6% pfd. (quar.)
American Cyanamid, class A (quar.)
;
3'f 0
4-10
.
25c
62M>c
45c
37VaC
69$
Extra
5V47o
4-10
$1.75
& Paper (quar.)
-,
Southern & Atlantic Telegraph (s-a)
—
Southern Berkshire Power & Electric——
Southern California Gas, preferred A (quar.)
preferred (quar.)
17c
6
3-20
.
1
4-
75c
Southern Advance Bag
preferred (quar.)_
6%
1
4-
(quar.)
Insurance
5-1
$1.25
^
10c.
$ 1.25:
35c
$2c
5c
$1
25c
—_
•
3-31
5-
25c
$1.25
$1.50
$$1.25
20c
5c
$1.25
30c
$1.06'A
:
25c
5c
Bakeries, class A—72c
Bank Note, common
20c
Extra
4-15
4-
.
Southern Acid & Sulphur,'common
;;
Bastian-Blessing,
3-10
3-10
4-1
4-1
4-1
4-20
4- 1
4- 1
5- 1
4-1
4- 1
4- 1
3-31
4-15
4-15
4-15
3-27
4-1
43%c
—
American Alliance
$1.50
$1
.
$1
1st
4: 5
4-15
——
6-15
® 3-15
20c
(N. Y.) (quar.)
Barber (W. H.) Co. (irregular)-Barker Brothers, 5'/2 9$
preferred (quar.)__
3-19
25c
50c
7-
$1.75
Bankers Trust Co.
3-8
3-31
35c
57c
3
4-
4-15
4-1
*—1
Stores, common
(quar.)
—
preferred (quar.)
—r
Aluminum Co. of America, 67c pfd. (quar.)
Aluminum Co. of Canada, 5% pfd. (quar.)_.
Aluminum Goods Mfg—
Amalgamated Su^ar Co, (quar,)—;
;
American Aggregates, 57c preferred (quar.)
American Agricultural Chemical
American Airlines, $4.50 preferred (quar.)
3-23
4-
4- 1
4- 1
(quar.)
5-15
6-
$1.25
$1.25
$1.50
(N. Y.) (quar.)_
Bank of New York (quar.)_.
Bank of Yorktown (N. Y.) (quar.)
Banker's National Investing Corp.—
Common (quar.)
69$ preferred (quar.)
3-20
4-15
$1.50
$1.75
(s-a)_
4-15
4-
20c
Railroad Co.—
(accum.) dividend No. 23—
(accum.) dividend No. 24___
Bank of the Manhattan Co.
3-15
3-24
4-15
4-1
4- 1
4-30
3-30
5- 1
Allied
3-25
.4- 1
(quar.)
Class 'A
3-24
59$
2-23
15c
$1.25
;
'
5-24
i
4-
$$1.75
75c
83/4C
•
5c.
3-
3-20
5-
300
•
(quar.)
Bangor Hydro Electric, 69$ pfd.
79$ 1st preferred (quar.)_
4-2
3-31
3-30
3- 8
3-30 : ■" 3- 8
4-15
4- 1
4-25
4-15
3-30
3-15
4-10
3-23
4- 1
3-17
4-1
3-4
4-1
3-16
4-1
3- 4
4-15
3-31
4- 1
2-29
$3
4-14
50c
50c
50c
$1
——
$6
1
4-1
40c
30c
3c
.preferred (quar.>
preferred (quar.)_
preferred (quar.)-,
4-. 1
"V4-:T-V;
25c
37J/aC
$1
Power Co., $5
Alabama
,
75c
20c
Agnew-Surpass Shoe Stores, 77c pfd. (quar.)
VAgricultural Insurance (quar.)
—
Ahlberg Bearing Co., Class A (quar.)
Airplane Mfg. & Supply_^_
Akron Brass Mfg. (quar.)
5-15
4-
.
Affiliated Fund (quar.)___
$7
10c
.
Security Co. (Los
Shippers Car Line, 5
preferred (quar.)
...
& Straus, Inc
—
(J. G.) Mfg. (quar.)..
Addressograph-Multigraph Corp.
Aero Supply Mfg. Co., class A (quar.)
—
Aetna Casualty & Surety (quar.)—
Aetna Insurance Co. (Hartford) (quar.)—
Aetna Life Insurance, (quar.)
—
4%
Abraham
Adams
•
$1.25
50c
3c
50c
$1.50
$2 conv.
Shuron
4-
$$1.75
Seaboard Surety Co.———————-
Silbak
5-19;;s
$1.75
$7 preferred (quar.)—
Seaboard Finance Corp., common
Shasta
1
$50c
,
——
preferred (quar.)_
—
Savannah & Atlanta Ry., 5 9$ pfd. I quar.)Schenectady Railway' (irregular)
Schmidt Brewing — :
________—
—
Schwitzer-Cummins Co.
——
Securities Corp, General $6 preferred (quar.)
87c
0-
$25c
$35c
7 7c
Security
3-28
$1-25
preferred (quar.)———-——- ■.
Corp., 4% pfd. A (accum.)—
Lawrence Flour Mills, common (quar.)_
Lawrence
$2
1
Light Heat & Power—
$5
St.
4-
20c
$1.50
25c
37Vie
$1.62V2
: 25c
$1
Protective (quar.)—
Russeks Fifth Avenue,
St.
3-15
20c
_
$1.50 conv. preferred (quar.)———Roos Brothers, Inc., $6.50 preferred (quar.)_
St. Joseph Ry.
3-15
1
?
Rochester Button, common
St. Croix Paper
9-30
4-
(quar.)
common
!
Extra
3-20
$2
; v $25c
7VaC
8%c
Class A
Laboratories,
Abbott
10-21
.
(quar.)
——
——
Button-Hole Machine (irregular)
1
9-30
25c
preferred (quar.)——--————--—
Quebec Power (quar.)—u.——
Co., common
4-22
4-
30c
40c
15c
$1
:
Class
Holder)
4-1
10c
4 % class A (s-a)——
W. Properties,
B (s-a) ;
P.
A,
1
1
10-21
50c
.
8%
Drug
4-
4-
4-
Pyle National Co., common
Reed
3-23
4-22
4-22
l?l/2C
—
(monthly)—--——'
preferred
6%
1
4-
preferred
preferred
5%
Payable of Reo.
share
Name of Company
(Irregular)
4
44-
15c
(irregular)
Axe-Houghton Fund, Inc., B
:
3-I8
7c
7c
'V -r-' Te:
(monthly)
Axe-Houghton Fund, Inc.
y;
4-
Bangor Aroostook
When
Per
1
4-
Mills
Avondale
4-
:
;
5
5-
7c
Common
"
4-22
1
5-
25c
Common
3-20
3-31
®
37'/2c
pfd. (quar.)_
Mills, common
of Rec.
Payable
50c
62'/2c$1
5,.® 75c
(quar.)
(Hartford)
Insurance
Avery (B. F.) & Sons Co., 67c
Companies
Industrial and Miscellaneous
4-1
$1
m.50
58Vac
50c
41%c
Automobile
Avondale
Bancohio Corp.
3-31
4-25
$L50
Plymouth Cordage Co. (quar.)
—
Employees stock (quar.)—
—
Pneumatic Scale, 7!% preferred (quar.) ——
Port Huron Sulphite & Paper—
.■■.
.
79$ preferred (quar.)——
Price Brothers & Co., Ltd., common (initial)
Public Service Co. of Colo., 79$ pfd. (monthly)
69$
preferred (monthly)
'
.
,
3-23
5-1
;
3-17
3-17 .. -4-15
4-15
1
1
1
1
4-14
1
3-31
5-
:
(quar.
i.
Atlantic Rayon,
$2.50 preferred (quar.)
Atlantic Refining Co., 45$ pfd. A (quar.)___
Autocar Co., $3 preferred (quar.)__;
Holders
When
Per
share
Atlantic City Fire Insurance
announced in previoui
include divi¬
given in the
the dividends
paid. The list does not
dends announced this week, these being
preceding table.
■
.',1 '
4-14
5-15
+15c
v.$$1-50
5°c
£
(s-a)___--_—$1.50
$1.25
40c
50c
aOc
$1 participating preferred (s-a)
—
50c
V.t.c. for partic, preferred (s-a)—'
50c
Phillips Screw —2c
Pilot Full Fashion Mills, 6%.% pfd. (s-a)—
65c
Pittsburgh Brewing, S3.50 pfd. (accum.)—
SI
Pittsburgh Coke & Iron, $5 conv. pfd. (quar.)
$1.25
Plainfield Union Water (reduced quar.)
80c
.
1
5-
Ltd., common (quar.)—-.—~——
preferred (quar.)————-———
Perry-Fay Co.
———
Philadelphia Co., common—
——r~6 9$ preferred
Philadelphia National Bank' (quar.)—
—~
Philadelphia Transportation Co., common—
$1 participating preferred (s-a)
—
V.t.c. for partic. preferred (s-a) —
Below we give
weeks and not yet
5
4-
4-15
6%
(monthly)
Service Corp. of N. J.—
11
3-25
<
v®".® ®
Name of Company
.•
;
4-15
1
4-
Penmans,
preferred
3-
1
5-
$1.25
445,5-
,
.
3-20
4-15
Corp.
57c
3-31
',
1
4-
(quar.)——
25c
Panhandle Producing & Refining———10c
Packer
3-23
1
4-
:
(quar.)$1
Packer Advertising Corp.
77c
,
Payable
$1.50
$1.75
. J20c
137Vac
(J. S.) Co., common (quar!)
.
preferred (quar.)__—
—
Zeller's Ltd., common (quar.)—
67c preferred (quar.)———————
Young
3-23
Holder<
of Re0.
When
Per
thare
■.
Name of Company
3-23
.
1
4-
$1.75
$$1
$1.25
30c
.
Ontario
1
4-
$2
Leather,
Ohio
'
-
t
of Reo.
Payable
share
Company
•
Holder)
When
Monday, March 27, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
3-21*
4-
3-21*
1
3-30
;
3-27
5-.1
4-18
4-15
3-11
4-
1
3-15*
5-15
4-29
5-15
4-29
4-
1
3-20
4-
1
3-10
4-
1
3-10
3-31
3-15
3-31
3-15
1
3-15
4-25
3-20
4-15
3-20
4-
1
4-
1
3-
4-
1
3-15
4-
1
3-
4-
1
2-15
4- 1
3-15
4-
1
3-15
4-
1
3-15
4-
1
3-15
4-
1
3-15
1
Volume
;:¥/.-
Number 4267
159
When
Per
Holdert
;
■
Canadian
7'ft
Car
preferred
partic.
Canadian
Foundries
&
Celanese,
._
(quar.
Converters
Extra
3-31
3-13
3-13
3-31
3-13
4-29
3-15
4-29
¥ 3-15
Cottons Ltd.,
(quar.)_
common
775c:
7$1.50
_
T
4-
1
4-
4-29
t$1.25
4-29
4$1.75
••
preferred (quar.)
Canadian MarconrCo.^-u-^-.--;^^
Canadian Oil Cos. Ltd., 8% preferred (quar.)
Canadian Pacific Ry. (resumed).:-:—_
Canadian Silk Products, class A (quar.)___i.
Canadian Westinghouse Ltd.
(quar.)
Canadian Wirebound Boxes, civ A (accum.):.
Canfield Oil, 6% preferred (quar.) „(_v._
Cannon Mills Co. (quan%L.,-_-¥_¥u_¥.c;.jL¥:¥
Capital Administration Co., $3 pfd. A- (quar.)
Capital' Transit- Co,l
:
*.
Carey - (Philip) Mfg.; common '(quar;4—
5% preferred (quar.)_
•
6f» preferred (quar.)___¥__:___™_¥¥-¥:__':
Carolina Clinchfield & Ohio Ry. (quar;) J_l.;i_:
.•
4-15
6-
4-1
:
750c
:
.3-31
4-1
'3-16
1
4-1
3-31
&
4-
3-15
.14-10
$1.50
Light, 6% preferred (quar.i
3-31
4-20
4- 1
3-14
4-'
3-14
General
$2'
44-
50C
preferred
B_.
Carter (J. W.) Co.;• (quar.)_:
Case (J. I.) Co.; 7% preferred
Case Lockwood
& Brainard
of
Corp.
Amer.,
4-
4-
1
I
4-
1
3-
prior preferred
7%
!¥■>
.7%
'
6%
$6
4-14
Cream
1
4-14
Creameries
4-15
3-31
15c
3-31
3-14
3-31
3-14
Central
Kansas
;
3-10'
4-
3-10
4r
3-10
$1.50
:•
;
4-
3-10
4-
3-10
3-31
3-20
15C
3
73c
3-31
3-
$1.50
4-1
3-15
$1.50
4-
1
(s-ai
'?
pfd. (quar.)__
Charleston Transit, common (irregular)
Chemical Bank & Trust (quar.)
Chemical Fund (irregular) ________________
Chesbrough Mfg. <quar.)_
preferred
4-
1
3-15
6c
4-15
3-31
$1
3-31
3-
3
"3-31
3-
3
25C
5-1
4-20
Dairy Corp. (Canada),
1
4-20
Davenport Hosiery Mills, 7%.
75c
4-
1
3-
$1.25
4-
1
3-20
David & Frere,
$1
4-15
3-31
Dayton
$i
3-31
3-21
8%
62 %c
3-31
3-17
__
Common
8
Flexible Shaft——
—I—
_____
15c
4-
30c
pfd.
1
•:.
3-20
3-20
Cbickasha Cotton Oil (quar.)
25c
4-14
3-14
Common
25C
7-14
6-14
Common
250
10-14
9-14
(quar.)
(quar,)
______—_
Cincinnati Gas
&
Orl.
Cincinnati New
5%.
4-
1
4-1
Commorf
3-15
pfd.
1%
v
Water
preferred
Electric. Illuminating,
$1.25
Co.
4-
¥4-
V 5%
3-15
common
-
4-
1
4-
1
10c
V 4-
3
*
¥
•
^
•
■'
.
4.20
Eastern ^Rolling
Eastern
$2
$1.50
4-
$1.63
5-
3-15
1
1
4-15
3-31
4-15
3-31
3-31
3-10
Irregular
3-10
Ecuadorian
Corp.
3-10*
4-
1
4-
1
3-22
10c
3-30
1
3-14
$1.25
3-31
3-15
$1.25
4-
5
3-22
El
5c
(irreg.)
preferred (quar.)_
Commonwealth & Southern Corp., $6 pfd._
Confederation Life Assurance (Toronto)—
".
4-
(quar.)—
Dorado'
6%
Oil
preferred
Quarterly
_—.—
Quarterly
___——i_
;
•__.
Paso Natural
(Texas)
Commonwealth Water Co..
•Commonwealth Water &
preferred
$7- preferred
¥ 7$1.50
9-30
9-25
Electric Household Utilities Corp
7$1.50
12-31
12-25
3-11
&
(irreg.)
:
Electric Storage Battery (quar.)
Electrical Products Corp.
(quar.)
Electrical
Products
Consol.
(quar.i
$1.50
4-
1
3-11
Elliott
(quar.)^
$1.75
4-
1
3-11
Emerson Drug Co., 8%
Mfg.
Company
(Seattle)
(quar.)
(irregular)
preferred (quar.)
5-15
1
5-15
¥ 50c
4-
1
3-15
25C
4-
1
3-15
35C
3-31
3-15
75c
4-
1
3-24
$1.50
4-
1
3-20
50c
4-
1
4-
1
¥
:
—
(quar.)
—
3-15
3-15
37'/2c
3-15
1
1
3-21
3-21
4
3-21
4-10
3-15
3-20
3-15
3-31
3-20
4- 1
3-15"
3-20
3-15
4- 1
4- 1
3-17
4- 1
3-
4
3-
4
3-15
3-20
3-17
3-25
3-31
4-15
3-31
preferred (quar.)
(quar.)_
.;¥
■'
(increased)
20c
3-20
3-10
3-15
25c
3-30
3-25
4-15
4-15
3-31
3-31
:
62 %C
4-
1
¥,:
15c
5-
1
4-15
$2
4-
1
3-18
1V2C
4-
1
¥i;
—
5%
(quar.)
Fisheries (quar.)
preferred
Co.,
common
4-10
4-
1
3-16
4-20
3-31
25c
3-16
Great American
3-20
Great
3-21
Great American
3-10
20c
4- 1
3-21
25c
50c
3-31
4- 1
3-15
6%
1
4-10
3-11
3-29
3-11
1
3-17
4-
10c
4-1
——
4-
1
3-20
4-
1
3-10
$1.50
4-
1
3-10
4-15
5-
3-31
1
$44c
5-
1
3-31
62 %c
4-
1
3-15
25c
4-
1
3-16
$1.50
4-
$1.12%
75c
1
3-16
3-31
3-21
4-
1
3-16
4-20
25c
5-
1
$1.50
4-
1
$1.25
4-
1
50c
4-
1
3-20
87 %C
4-
3
3-15
$1.25
5-
1
4-
40C
4-
1
3-10
3-11
3-15
44-
1
$1
4-
1
$1.75
4-
1
.- ¥
.
1
$1.75
56 %c
3-15
1
3-20
¥
3-18
3-18
3-31
3-13
$1.50
4-
1
3-31
62 %c
4-
1
5c
3-10
20C
4-15
3-31
50c
3-31
3-31
$1.25
3-31
3-17
$62C
4-
1
3-15
$62 %C
—
4-
1
3-15
(quar.)—
75C
3-31
35c
4-
3-21
1
3-17
25c
1
3-31
3-15
5c
-
4-
3-17
10c
4-15
3-20
25 c
4-15
3-20
—
$25C
pref. (accum.)
(quar.)
6
3-29
5-15
$$1.75
4-
1
3-
6
$25c
—
4-
1
3-
6
J75c
B
2nd preferred
3-
30c
t25c
—-
(extra)
Insur. Co. (N. Y.) (quar.)
A partic.
3-20
$1.50
¥ 25c ¥
'
—
partic. pref. (accum.)
Great West Saddlery, 6% 1st pfd. (quar.)
class
3-10*
5-
'
'
American Investing
class
1
¥' 3-29
$3
Great Lakes Paper—
$2
4-
67c
Industries
4- 1
$2
' ¥
$1.25
(quar.)
4- 1
4- 1
'3-31
4- 1
3-15
1
$1.25
pfd. (quar.)—
preferred
75c
15c
50c
25c
3-11
3-20
5-
Class A (quar,)
$2.50 conv.
3-31
3-10
'
1
6c
Co.
T.)
4-25
—
(quar.)_.
Co. (quar.)—
Telegraph (quar.)
I
4-
25c
Goodyear Tire & Rubber (Canada) —
Common
(quar.) ———
(W.
4-15
$1.12%
(quar.)
——
—
Goodman Manufacturing
(irreg.)
Goodrich (B. F.), $5 preferred (quar.)——
Grant
3-31
35c
(irreg.)_
—
3
3-
$1.75
¥
Goebel Brewing
3-15
3-15
com.
3-20
3-10
15c.
26C
——
Godchaux Sugars,
Gorton-Pew
6
1
Glidden Co., 4%CA conv. preferred (quar.)_
Globe-Wernicke, 1% preferred (quar.)—
3-15
3-
1
Co., $3.50 preferred (quar.) —
Gillette Safety Razor, $5 preferred (quar.)_
Glens Falls Insurance (N. Y.) (quar.)
5%
1;.
1
4f
Gilbert (A. C.)
State
3-
—
$2.50 pfd. (quar.i.
General Time Instruments Corp. (irreg.)
$6 preferred (quar.)
—
General Tire & Rubber, 4V2% pfd. (quar.)_
General Water Gas & Elec., $3 pfd. (quar.)_
Genesee Brewing, common (annual)
—
Georgia Power Co., $6 preferred (quar.) —
$5 preferred (quar.)
Gibson Art Co. (quar.)
——
Goldblatt Bros.,
1
1
4-
75c
General Telephone Corp.,
Golden
3-
$1.60
Ltd.,'com. (interim) —
partic. preferred (quar.)—
—
preferred
3-
1
4-
'
3-15
3-31
t$1.37
General Steel Wares,
& Stock
3-15
3-31
'
preferred——
(irregular)———.
Participating
3-17
3-15
4-
t$1.25
—
Outdoor Advertising,
1 ¥;
1
3-31
■
34%c
t20c
(quar.)
3-13*
1
4.
4-
4-
20C
A
General Refractories
$7
3-20
4-15
30C
(quar.)_———
General Railway Signal, common
6%
preferred (quar.)
Gold
3-20
1
4-
•
-
3-15
10c
preferred
7%
¥
k 3-21
1
3-28
$1.50
(payment clears all arrears)
General Paint Corp., $2.67 preferred (quar.)
General Printing Ink., common—
—
Class
5-29
6-10
4-
f
3-31
'•■¥"4- 1
10c
Corp.
Co. (quar.)
Fireproofing, 7% preferred (quar.)_
Foods Corp. $4.50 preferred (quar.)
Instrument (irreg.) —
—
Investors Trust (Boston) (irreg.)__
Mills, 5% preferred (quar.)—
Motors Corp., $5 preferred (quar.)_
General
9-15 !
4-21
V
$1
General Electric
General
6-15
2
50c
conv.
General Capital
3-10
3-28
1
*»*¥ 7$3
(quar.)__
common-—
6%
Brewing,
General
7-
.
50c
conv.
Co.,
4-15
3-22*
3-15
;-
10-
37 %c
& Co., common
50c
Auto-Lite
Controller
1
6-
$1.50
$8 preferred (quar.)
Box (quar.)__
General
4-25
4-15
4- 1
3-31
4- 1
3-21
6-
$1.75
General
3-15
4- 1
4- 1
4- 1
3-31
3-31
87 %C
(quar.)
General Baking
3-20
4- 1
3-31
75c
Electric
1 :
9-30
12-23
3-15
4- 1
¥ 3-31
3-21
;
4- 1
60c
Electric
4-
1
75c
10c
(quar.)—
6-25
Light Co.—
1
7-
4-15
4-15
pfd., (quar.)
Gas, common
Stop Nut Corp., 6&>
3-25
$1.37%
9- 1
4- 1
3-30
5- 1
4- 1
3-29
8-11
$1.12%
6-30
1
pfd. (quar.)
3-20
4- 1
3-31
$1.75 :.¥< 3-31
preferred (quar.)
5%% preferred (quar.)
—
Gemmer Manufacturing— '
$3 partic. preference A (quar1,)—_—
General American Investors, $8 pfd. (quar.)
General American Transportation—
Now on a quarterly basis
—
3-31
_
4-1
4-
$1.75
$1.50 V
(quar.)
7$1.50
.
7-1
9-30
12-23
8-15
4-
_¥:■•
'
7$1.50
—
—
11-15
4-1
7$1.37%
5c
>■' 50c
pfd. A (quar.i—
(quar.)
El Paso Electric Co.
El
—
(Del.), 7%
.
—____
Quarterly
12-1
$1.50
25c
—-
Works
(Julius)
preferred
•
•
:
preferred B
$4.50
>
3-18
62 %C
5%
5-15
4-1
—
(Toronto)—
»
Quarterly,!—
5%
4-15
;
Grocery Stores
El Paso Electric
Elastic
*
(quar.)
preferred
Economic Investment Trust
3-15
•
Garfinckel
50c
Eddy Paper Corp.; (increased)
60c
6%
Economy
3-16
1
Co.
Gannett Co., class B
6- 1
9- 1
$1.25
l
preferred (quar.)___
Co.,
3-10
3-20
5
4-
—
(Robert)
3-20
25c
1_„:
3-31
v
Class B
4-15
—
4-
1
4-
class A__,_—
Fyr-Fyter,
3-15
$1.12%
Eastman; Kodak Co., common (quar.)
4-15
75c
3-15
3-15
General
——
4-20
¥
$20 ¥
;
pfd. (quar.)_
(George
General
common
(quar.)
3-31
.
A.), 4% preferred
Fuller Manufacturing Co
¥ Fulton Trust Co. of New York.
Fuller
3
¥
Co
preferred
75c
40c
Commonwealth Loan, 5%
Mill
jSteamship Lines,
convertible
710c
$1.06%
3-15
4- 1
3-
4-15
(A. J.)
3-31
4-1
4-1
$1.50
7
(quar.)
Auto Drive Co., com. (irreg.) —
Ltd., 6% preferred (accum.)
Wheel
Freiman
3-
—-
3-
735c
Four
^
4%% ;prior preferred (quar.)—%
6% preferred (accum.)
—
4-20
5-15
—'—
¥$6'preferred (quar.)
3-18
10c
prior pld.
6%
Wheeler,
Galveston-Houston
;
4-19
1
r
Gair
$1.50
4-19
4-26
4-
¥ 4- 1
3-15
$1.25
25c
3-31
¥4-26
37 %C
5- 1
4- 1
preferred (quar,>—
Eastern 'Gas & Fuel Associates—
4-20
5.15 .V;
$1.25-
3-20
3-
3-15
1
4-
$2
Foundation Co. of Canada
1
3-20
East" Tennessee Light & Power—
¥3-11
5-15
$1.50
Eagle-Picher Lead, 6%
3-15'
>3-15
3-10
4-
3-15
3-31
¥
(quar.)—
6% prior preferred (quar.)—_____
6% prior preferred (quar.)
3-10
1
4-10
3-31
$1.50
$1.50
50c
cl. A pfd.
Q7o
3-20
$1.123/2
$4.50
4-
4-15
-
.
37 %c
1
Duquesne.Light, 5%
3-15
•
Foster
4-
(quar.)
3-20
-
Foster-Kleiser Co.,
General
common
1
(quar.)
8-15
$$1.75
de Nemours & Co.—
preferred (quar.)
1st preferred (quar.)—
Duval TiCxas Sulphur (quar.)—v
7
Co.-
(initial quar.)____
Investment
1
Co.,
preferred (quar.)_
Bradstreet, $6 preferred
5-
$1.75
$1.18%
——
3-15
$6
&
3-20
•—
3-15
du Pont (E. I.)
2,
3-20
1
75c
1%
Dun
i¥¥4-U.
1
4-
$1.25
Electric
Shearing & Stamping Co. (quar.)1
Commonwealth
4-
¥ 4-
75c
25c
.-¥
.
Commercial
3-
5-15
$1.50
^.__
(quar.).—___,
11-
3-31
$1.75
_____
preferred series A (quar.)_____
12- t
12 %c.
-,y
Duke Power
5-15 ¥
3-20
1
preferred (quar.)—_
$3 class A
Wallace,
&
3-18
75c
75c
$1.75
$1.50
1
37 %C
Foreign Light & Power, 6% 1st
Formica Insulation Co.
(quar.)
4- 3
4- 3
4-1
4-1
4-
4-
$6
_————;
4- 1
4-1
$14
$1.75
75c
3-21
10c
25C
25C
(New York)
Forbes
General
—-—.
1
_
3-15
75c
(quar.)-,
3-18
8-11
4-
Co.—
4-1
$1
$1
3-15
8-15
35c
Corp.,
B
3-28
5% preferred,, class A (quar,).^
1
3-31
(San"Fran.)—
Machinery Corp
3-10
common.
4-
25c
;—
(quar.)
3-15
3-31
3-31,,.
4- 1
4- 4
t$1.37%
7$1,25
25C
Rubber
&
H.)
(M.
Class
Food
3-20
4-15
4-15
preferred (paym't clear all arrears) __
■1% preferred (quar.)—
—
—Draper Corporation (quar.)
Dravo Corp^ 6% preferred (quar.)__—
3-14
.
3-16
■
4- 1
7(5>
3-15
1
;
common____
preference ,(quar.)
Southern Ohio
1
$1.06%
.
preferred
4-
6- 1
Co.,
Tire
Power
735c
common
3-11
________
(quar.)
First National Stores (quar.)—i_
First State Pawners Society (quar.)
Dow Drug Co.—
3-16
1
Chemical
$4-preferred
3-24
4-1
4-
.
1
4-
725c
•
preferred (quar,)_____
_____
% preferred (quar,)—_____________
;Commercial Alcohols Ltd., common
preferred (quar.)>——
Commercial Credit Co.,; common (quar.)
i
4!4% preferred (quar.)
)
Commercial Xnvestm't Trust Corp. (reduced)
Commercial National Bank & Trust (N. Y.)
$6
3-29
725c
,6%
,
4-
$5.55
.
,
Columbus. &
New
4-15
¥.
62 %c
•'
,
.
•
3-17
75c
participating preferred (quar.)________
Participating.
Columbia Gas & Electric Coip., common____
•",^5%
3-31
75C
Corp;^i_3._^_^___
$1
6%>
3-17
$1.75
,
v
.
20c
$1.75
(;s-a)___
Baking. Co.;
1
3-30
>
Glass,
1
7$1.50
7% preferred
7%
preferred A (quar.)
Florsheim Shoe, Class A—
4- 1
,
9-15
12-15
4-
Quarterly
First National Bank
3-13
3-
9-30
$2.50
(quar.)—
;—
(quar.)
Fireman's Fund Insurance
4-14
1
12-30
$4
Finch Telecommunication
7$ 1.25
731.75
(quar.)
Dow
3-15
3-31
.
Steel Ltd.
&
3-22
3-15
1
10c
¥
1
4-
.
Castingr (interim)
(quar.)
of Pennsylvania
Co.
3-10
4-1
4- 1
79c
$1.25
25c
t$1.25
62V2c
37V2c
—
3-25
50C
—
Semi-annual
v
3-22
$1.12%
_1___
preferred (quar.)
Colgate-Palmolive-Peet Co., $4.25 pfd. (quar.)
^ Common (quar.);
Colonial Ice,> $7 preferred, (quar.)__
$6- preferred B ,(quar.)-___
i
Columbia
—
(quar.)——
7rh
preferred (quar.)
;
Dominion Tar & Chemical, 5V2% pfd. (quar.)
Dominion Textile, Ltd., common (quar.i
7% preferred (quar.)-——
30c
(quar.)_
; $2.50 class A (quar,)
Coca-Cola International
Cockshutt. Plow
■
3-30
________
CluettPeabody & Co.,; 7% pfd. (quar.)
(quar.)
Coca-Cola Bottling Corp. (Del.)—
.
Dominion
.
Chemical
_____
3-15
3-
1
4-
75C
preferred
4%%
N. Y.
Sons, common
3-20
50c
:
Seagrams* 5% pfd. (quar.)—
class A (quar.)____!
Foundries
'Dominion
-
Coca-Cola Co.
,
4-25
¥
5-1
20C
Clinton Water Works,- 7%
Die
¥3-15
—
common
(quar.)
Doehler
.
3-31
__—
Extra
'
3-30
Molybdenum (quar;)
Climax
Clorox
4-1
30c
$4.80. preferred ■,.(qua.r,)___;i._____-_______
Cleveland.Hobbing Machine
Dixie Cup Co.,
75c
(accum.)—__
Cleveland Cliffs Iron, $5 pfd.
Cliffs Corporation,
Distillers Corp.
3-18
¥ " $1.75.
preferred (quar.)
City Ice & Fuel, common
'r_"
City Baking Co., 1%
Cleveland
3-11
3-31
)
6% pfd. (quar.)
Citizens Wholesale Supply Co.,
v-v
¥
4-1
15c
(Wm.)
Finance
2-29
$1.75
$1.75
$1.75
2
Diamond T Motor Car (quar.)
(quar.)
t
3-16
$1.75
—
Diamond Shoe Corp.,
Pa.)—
$1.75
Stockyards
Filene's
75c
75c
75c
1
Co., 6% partic. pfd. (s-a)—
5% preferred (quar.)__
Diamond Match
———
(quar,)__
Cincinnati Union
Fifth Avenue Bank of
Gatineau Power, common
.
(Washington,
Co.
3-20
3-20
$1
40c
$3
;
3-11
$1.25
preferred (quar.)
——
& Co., 6% pfd. (quar.)
J>
preferred Second Series (quar.)
6%
3-31
,
1
3-31
$1.25
Field (Marshall)
30c
7%
—
preferred (quar.)__
3-17
3-31
$1
—
7%:
«
Cincinnati & Suburban Bell Telephone (quar.)
Citizens
'
725c
715q
87J/2C
quar.)
preferred (quar.) i—
preferredV(quar.)
; 1% preferred (quar.)
—
7% preferred (quar.)
Denver Union Stock Yards (quar.)
3-20
$1.25
—
5% preferred (quar.)_:
5 % preferred (quar.)
.5%
SI. 75
preferred (quar.ipfd. (quar.)
& Texas Pacific Ry.—
7%
Elec,,
7%
3-16
25c '
4-
:••¥¥'
Fenton
3-18
3-31
3-31
3-30
,
3-11
37 %c
¥,
—
preferred accum.)
United Cleaning & Dyeing Co.*—
$7
3-15
Florida
$1.75
1
737 VaC
(quar.)—
Federal Fire Insurance (Canada) (s-a)—__
Federal Insurance (N. J.) (quar.)
—__
Federal Motor Truck.
—_
Federation Bank & Trust Co. (N.Y.) (interim!
Feltman & Curme Shoe Stores—
6-19
4- 1
3-11
4-
Inc.
Shops,
Bake
Federal
25c
$1.50
(increased
(quar.)
>.Quarterly
¥ Quarterly
Rubber Co.—
Faultless
30c
30c
15c
$1.37%
(quar.)__
Dennison Manufacturing Co., Class A (irreg.)
$6 convertible prior preferred (quar;)
Dentist's Supply Co. of New York-
3-15
3-20
Christiana Securities,
Farmers
3-17 ¥.
(s-a)
(quar.)—_—
Records Inc.
1
4-
3-17
6-30
$1
t$1.25
3-18
1
37 %C
preferred
preferred
preferred
3-31
—
1
4-
62 %c
$5
3-31
(quar.)—
RR., common
& Michigan
4-1
50c
prior preferred ; (quar.)
preferred (quar.)______________
conv.
conv.
$5
$2
75c
1
4-
(quar.)^__
(quar.),—
(quar.)—___
& Traders Life Insurance Co. (quar.)
$5
3-15
3-17"
$2
8-25
4- 1
1
4-
6-15
$1.25
10c
3-10
4-
3c
£0c
pfd. (s-a)__
6%
3-15
50 to $1 Stores 5%
Florence Stove Co.__
3-31
3-31
3
3-20
6-30
Fishman
$1
$1.50
3
4-
4-1
...
4-
4-15
15c
$1.25
3-10
3-17*
Ltd., class A (quarj___
75c.
$2 %
V$3
3-21
4-15
3-31
4-15
—•—
Dejay Stores Inc
De Long Hook & Eye (quar.)
Delaware Power & Light, 4%
3-10
3-31
Pneumatic Tool Co., common—___
Chicago
3-14
3-31
30c
convertible preferred B (quar.)
Canadian Corp. (increased).
4-25
4- 1
•
—_—
preferred
Decca
Chicago Great Western Ry. Co.—
preferred (accum.
Chicago Mail • Order Co
Chicago Mill & Lumber Co——
3
65c
5c■
25c
"
5% preferred (s-a)__
(Extra
Chicago & Eastern Illinois RR.—
Class A (irregular) ____—
4-
12 %C
Corp., common—
convertible preferred A (quar.).
Firestone
;___
-————
_______
(quar.)_L
Chicago Daily News, 5%
Chicago
Extra
;
preferred (quar.)__
Ohio Ry.
Chesapeake &
5-
$1.25
$2.50
Corp.
3-20*
Telephone, common
6% preferred (quar.)____—_______
Culver & Port Clinton RR. (semi-annual)__
Curtis Publishing Co., $4 prior pfd. (quar.)_
45c
___
11-16
25c
Brewing Corp.,
4- 1
Cuban
3-21
(irreg.)__
—
1
"
25c
$1.75
25c
Chesapeake-Camp Corp., common
5%v preferred
(quar.)—
8-17
12-
(quar.)__—
common
-4-1
3-31
5-15
(quar.)
3-31
Extra
1
(quar,)_
37V4C
12V2c
750c
(quar.)
50C
—
9-
$1.25
Cork International Corp.—
7%
Inc;,
4- 8
Wheat Corp—__—
Co. of America
Cork & Seal, Ltd.
3-15
(quar.)
Champion Paper & Fibre, 6%
■
3-20
62VaC
__
1
$1.25
______
6-
$1.25
■.
preferred
5%
:.$l:class AT (acoumv)—___—
Crown :Drug' Co. ^
•»
Crown Zellerbach Corp. (quar.)
Crucible Steel Co. of Amer.r—
;
5%v convertible preferred (quar.)_________
Crum & Forster, 8%, preferred (quar.)
8% preferred (quar.)
—
—
Crum & Forster Insurance Shares Corp.—
Class A (quar.)_;__,_;_v__
;
Class B ,(quar.)
—
—
Crystal Tissue Co.-(quar.)___—
Cuban-American Sugar, 5%% pfd. (quar.)_
3-21
1
3-31
4- 1
4- 1
$1.50
(ordinary), (final)
Crown
4-
$1.75
______
Mines
Telephone
1
4-
of
4444-
37V2c
•
____
Gold
6% pfd. (quar.)__
of White Plains (quar.)__
Crown
3-17
4-
(C.
;
$1.50
preferred:(quar.)—.
Central Patricia
:
4- 1
-
3-6
B.). & Sons,
1
-
Central Paper Co.
Phosphate
■
Cour^aulds, Ltd.
.
$1.75
preferred (quar.)_____
preferred (quar.)__
preferred (quar.)—
-5%
Coronet
5-
$1
5-17
$1.25
37 %c
3-17
3-11
I6V4C
—
Fanny Farmer Candy Shops (quar.)—„_
Fansteel Metallurgical Corp., $5 pfd. (quar.)
4-1
1
$1.12%
5c
3-15
3-10
3-15
4-
Y.)_
(N.
3-15
$1.50
1
1
1
1
75c
Central
3-14
3-31
¥
Famous Playex-s
$1.75
$1.62V2
$2.62V2
25c
75c
¥■
; • $1
Cottrell
Illinois Light, 4%% pfd. (quar.)___
Centra! Maine Power, 7% preferred (quar.)_
Central Hanover Bank & Trust Co.
1
(quar.)
1
3-11
participating preferred (quar.)_
preferred (quar.)_
Cooper (Peter) Corps., 6J/2% pfd. (accum.)_
Cooper-Bessemer Corp., common (irregular)
:
$3 prior preference (quar.)—
6V2%
$1.75
Central Illinois Electric & Gas (initial)
3-27
com._
Corp._^__3i
County Trust Co.
5-
30c
$2
20c
7%
v.:
3-11
25c
4-
5-19
3-15
3-11
v
3-14
$1.25
—
preferred (quar.)
preferred (quar.)
Equity Fund, Inc.
Erie RR, $5 preferred A (quar.)__
$5 preferred A (quar.)——
¥ $5 preefrred A (quar.)
European & North American Ry. (s-a)
Evans Products Co. (resumed)
$1.50
4-1
1
»
1
(quar.)_______
Family Finance
25c
37 V2c
;
3-14
!$1.37%
4-
Falstaff
i
Steel
I2V2C
2nd * preferred
(quar.)_
Celotex Corp., common; (quar.)—
——
5% preferred (quar.)
>
Central Aguirre Associates
i
Central Electric & Telephone, com. (irreg.)_
'6% preferred (quar.:)
:
1
Ex-Cello-O
Telephone—
4-
$1.75
______
4-
3-15
3-23
4-1
4 $1.25
(quar.)_____
3-24
$1.50
3-15
3-23
3-11
3-31
preferred (quar.)
-
7%
1
Extra
3-31
Continental
divi-
V dend); one share of common stock for
"';'j 5%
4-
5%
3-31
Continental
3-13
.
3-24
$1
preferred
Eversharp,
25c
1
•
each 70 shares held_w^i—i.—
3-24
1
3-15
$1.75
.
3-11
4-
t$1.75
3-24
1
4-
4-15
3-21
50c
prior preferred ,(quur.-)v:________
7Vo
-
.
3-23
4-
$2.50
(stock
com.
3-31
15c
$1.75
(quar.)
3-15
.4-1
$1.12%
7%
Continental Rolling & SteeUFaundry,
3-15
u-i—
____
3-15
5-15
6-1
4-1
4- t
4- 1
4- 1
3-31
4- 1
4-1
'
$1.25
prior preferred (quar.) -Continental Oil (Del.) (increase)
3-15
60c
(quar.)
Co.
;
¥
3-15
$1.75
_
Continental Gas & Electric Corp.—
3-15
4-
___
Cassidy's Ltd., 7% preferred (quar.)___—¥.
Celanese
-
3-15
$1.50
j
____
3-15
3-15
Continental Baking,: 8% preferred (quar.)
Continental Bank &.Trust-Co, (N. Y.) (quar.)
3-24
5c
Corp.___.___
1
4-
75c
5-5
50c
$1.25
.
•
•
6%
3-15
3-31
$1.25
•
$1.50
(
Carthage Mills,•• commons
*6% preferred A (quar.)
•:
3-15
$1.25
.
3-10
4-1
31l/4C
62V2C
7$2
;
3-15
15c
•
4-
$3.50
4- 1
433AC
Consolidation Coal,
3-24
50c
•:--75c
56 %C
4- 1
convertible preferred (quar.) _______
$2;50 conv:-pfd. (quar.)
Consumers Gas (Toronto): (quar.)_¥_¥_w____;
Consumers Power,-$5 preferred
(quar.).
$4.50 preferred v(quar.)
Continental Assurance Co. (Chicago) (quar.)
3-20
-50c
•
3-24
5- 1
4-1
$1.75 preferred ,(quard)_v._c_______
Consolidated VulteerAircraft-Corp., common-
>3-10
$1.50
■
(quar.)
Consolidated Steel Corp.,;,common—
3-15
r.
4- L
737V2C
8%-.' preferred
3-1
l';
4-'
,
I
$5
,
-
$1.87%
15c
$2
25c
Laundries, $7.50 pfd. (quar.)_
Consolidated Retail Stores Inc., com. (irreg.)
3-1
4-1
737>/2C
3-22
4-
35C
$5.50
1
90c
Consolidated
3-20
3-31
v1750c
Carolina Tel & Tel (quarV)i.____«_'l._—-1.
Carriers
1
J 4c-
4 $2
.
3-20
3-28
4-
.
$1.75
Power &
$*t preferred
■
')■
(Bait.)—
—
3-20
$1.50
Engineers Public Service, $6 pfd.
1
4-1
;:;3-31
e:; 4V2%
preferred,:B ;;(qnan.itu:
i$1.12%
4- 1
3-31
••4% preferred G (quar.).__v——$14-1
.3-15
Consolidated Invest. Trust (Boston) (quar.)_
30c
3-31
4-15 :.V;
Common, (quar.K
of Reo.
4-1
4%
1
4-1
25c
(accum.)
Consolidated Gas Elec. Lt. A Pwr.
3-15
.
4445-
Industries—
Film
preferred
$2
.
pfd. (quar.)
(N. Y;),, $5
Payable
15c
$1.75
Manufacturing,
Endicott Johnson Corp.,, common—,—..
4- 1
1
55c
720c
50c
$1.25
-
B
<' 1 % '
Carolina
1-
t$1.25
'
Class
1-v
•3-
4-1
t$2
(quar.)
Electric, Ltd. (quar.)_
Industries, Ltd., class A
Consolidated
3-1
1
4-
4- 1
—25c
_____
snare
.
common—
Electric
_
—
Light .& Power,; com. (irreg,)__
.Consolidated Bakeries of Canada (irreg.)
Consolidated Cigar Corp.____v.d_.
3
3-
•
$$2
General
Quarterly
'
75c
:■;•,¥
(quar.)
Connecticut
3- *3
-
preferred
$3
Consolidated Edison
m
(irregular)
preferred
Canadian
4-
■
7$1.50
preferred (quar.)■
Canadian Foreign Investment Corp.:—r
Canadian
w:
:
/
ttoiaert
preferred (quar.)
Empire District Electric, 6% pfd. (accum.)
Emporium Capwell, common (quar.)—
;
V
4Va% preferred A (quar.)—
______
•;
1% preferred (s-a)
—
Emerson
4-29
4- 1
$5
Connecticut General Life Insurance (Conn.)
mien
7%
Quarterly
¥: 3-31
¥
—•
Name oj company
of Rec.
5-15
75c
.
Per
Connecticut Gas & Coke Securities—
725c
(quar.)
6%
8%
3-13
775c ,■¥
(quar.)_—___
j_;
Common.
3-31
753c
preferred
participating
Participating
Canadian
3-21
781.75
•
Extra'1
Canadian
4-11
725c
iquar.)—
752c
■
7%
7% preferred (accum.)..
Connecticut Fire Insurance (Hartford)—¥?¥
Concord Gas,
1283
v
.
Holdert
Payable
thare
Name of Company
of Reo.
-
Ltd.—
Co.,
common
Payable
thare
■¥>■'' ¥•"*■
name of Company
when
Per
■.
•
■■■:
FINANCIAL CHRONICLE
THE COMMERCIAL &
4-
3
3-
3
$75c
4-
3
3-
3
THE COMMERCIAL &
1284
When
/v;
:
Company
Name of
•'
<•
When
share
Life
West
Great
(Winnipeg) —
Assurance
Quarterly
Payable
common
Co.,
(Daniel)
Green
common..
+15C
5% ft
preferred (quar.)
conv.
1 Oil Corp.™——.———
Watch Co., 5% preferred iquar.),,—
Group No.
Gruen
(N. Y.) (quar.)
—
invest/Trust ($1%pfd. (accum.)—
Public Utilities Investment Trust—v
Guaranty Trust Co.
Guardian
Guardian
Preferred
Trusts—
Shares Investment
series I preferred
Guardian Rail
Non-cum.
7ft pfd. A
Hackensack Water,
Haloid
Company
,—
Co.—
partic. preference——-—
Class A
.
preferred (quar.)
Hatfield-Campbell Creek Coal Co.—
Co.,
W.)
25c
15c
15c
31 Vic
..Monthly
^
.—
preferred (quar.)
5%
31 %c
preferred (quar.)
7ft
:
(monthly)
prior preferred
$1.75
37%c
(quar.)——
pfd. (quar.)—
& Dauch Paper Co., common (irreg.),
preferred (quar.)
& Dauche PaperCo. of .Canada (quar.)-
Hilton-Davis Chemical, $1.50
Hinde
5ft
Hinde
Hollinger Consolidated Gold
Development Co. (quar.)
Holmes (D. H.) Co. (quar.)
Holly
Holophane Co.,
(Fort Wayne)
Home Tel. & Tel. Co.
4% ft
& Co.,
Hoover
Ball
Hoover
4-18
3-22
Houdaille-Hershey, class A
Class B
„•■
Household Finance Corp.,
5%
(quar.)——
2-29
common
3-
(monthly)
Common
30c
30c
35c
7%
:
7%
Humble
Oil
&
Refining
3-31
3-30
3-30
$1.50
3-31
3-31
$1.75
$1.75
(irreg.)
(increased)
3-
6- 1
3-31.
5-16
4- 1
3-15
3-30
6-30
9-30
12-30
3-20
v
2
3-15
6-20
9-20
12-20
6-10
7-1
$2
preferred <quar.)_
Imperial Life Assurance Co. of Canada (quar.)
Imperial Paper & Colour Corp.
Imperial Tobacco Co. of Canada—
Ordinary shares (final)————
Ordinary shares (interim)
4—
6ft preference (s-a
4- 1
$1.50
J$3.75
75c
Incorporated Investors
Independent Pneumatic Tool
Indiana Gas & Chemical, $3 pfd. (quar.) —
Indiana General Service Co., 6 % pfd. (quar.)
4-1
4-1
.
preferred (quar.)
preferred (quar.)— ^
Indianapolis Power & Light,,00m. (quar.)
5V4 % preferred (quar.)—J
Indianapolis Water, 5% preferred A (quar.j,
Industrial Acceptance Corp.—
5% convertible preferred (quar.)
6%
7%
60c
conv.
Industrial
3-31
1st preferred
3%
...
20c
"" 50c
75c
$1.50
*
•
$1.50
$1.75
30c
$ 1.31 'A
:$1.25
(irregular)
$1.25
15c
50c
15c
25c
—_
—
.
(s-a)--———.
(irregular)
Inter-Ctfv Bakin® Co.. Ltd. (irregular)
shares
(irreg.)—,
B
Class
—.
3-16
3-20,
Leland
3-
Lehman
8
&
Stores
4- 1
4-1
4-15
4- I
4- 1
3-8
3-
8
3-31
preferred (quar.),,, ———
Lexington Telephone Co., 5.2ft pfd. (quar.)
Liberty Loan Corp., class A
X
Class B
3-11
•
3-31
3-29
Lima
50c
234c
J75c
4'fo pfd. (s-a>_
50c
5- 1
8- 1
11- 1
50c
4-10
2Sc
$1.25
4-10
4-10
$153
25c
l?1^^
4- I
4-15
3-°l
Quarterly
3-20
Quarterly
3-27
3-10
6- 1
4- I
4-30
3-31
3-15
(quar.)—,
(quar.),
;
Link-Po't Co.. 6%ft preferred
Lion Oil Refining Co. (quar.)
4-
1
3-15
LiDe-Rollwav
4- 1
3-13
Class
?-?9
5ft
Tel.
(Del.), class A
(quar.)
B
—,1
preferred
Corp..
$1* convertible
3-27
(Ft. Wayne)—
—_——30c
—
30c
30c
Quarterly
3-24
&
5- 1
4- 1
87%c
$1.75
50c
3-15
Tel.
4- 1
7%c
Works,,
i
4-15
4- 1
7%c
7ft pfd. (quar.),
4- 1
4- 1
3-31
Lincoln
,
(quar.)
Locomotive
4- 1
6-15
4- 6
4-15
5- 1
$1.12 Ms
$1.30
—-—-——,
preferred
$3.50
4- 1
.
50c
30c
62%c
—
4 Vi ft
3-16
.
"
$1
(quar.)———
common
4- 1
4- 1
62%c
■
———
Corp.,
4-15
30c
10c
Steel—,—
Corporation
4-15,
75c.
-
common
Electric
Lerner
L /"
Co.,
4-15
6c
3-22
Leath
4- 1
50c
^
(quar.)
6ft,. preferred
Latrobe Electric
6-15
9-15
12-15
4- 1
30c
A (quar.)
Langendorf United Bakeries, class
25c ;; .-v 8-15 ■-.;.
25c
11-15
$1.75
$1.75
$1.75
17Vic
.
(irregular)
$2.50 preferred (quar.)
Lehigh Portland Cement Co.—
4ft
convertible preferred (quar.)
2-15
■
—
•
2-15
:
2?<C
Co.
Inter-Ocean Securities Corp.,
Extra
Liggett & Myers Tobacco,
(interim)
Aviation Grouo Shares
C(-oqrvM:Viin
(quar.)
3-31
3-31
3-31
2-15
; .:
♦
Lincoln National Life Insurance
Institutional Securities—
group
—1-
preferred (quar.»
preferred (quar. i
—
7ft preferred (quar.),,—
Lang (John) & Sons (quar.)___„__
7ft
3-20
Corp—
Inspiration Consolidated Copper
Bank
(quar.)
(quar.)
4- 1
4- 1
ilOc
Rayon Corp
Inland Investors, Inc.
common
Common
Common
■
4-29
3-29
ti5c
'
Electric Co.—
Brownholst
Machine,
Landis
3-15
..
Industrial
Landed Banking
3-15;
Telephone Co.—
Michigan
(quar.),
& Loan (Ontario) (quar.)—
$2.50 preferred
& Sessions,
Lamson
(quar.)
Corp.
7ft
$6
Indiana &
Lago Petroleum
Lambert Co.;
3-21
3-20
25c
Steel
cto^s
preferred
A
>
(quar.),
(ruar.),.
(quar.)
i._
-
25c
-
3-31
8
5
8-
4
11-15
11-
3
Maine Central RR.,
common,,
—,,
$6
(B.) Co.,
$1.20 convertible
4
3-27
4
3-20
4
3-28
4
50c
$1%
7ft pfd. (quar.)
Mansfield Tire & Rubber—
8
3-27
$6
26% c
Mandel Brothers
Manischewitz
3-24
1
44
common,,
prior preferred (accum.),,,,
(P. R.) St Co.; preferred-ii_^i,L,
6ft
Mallory
3-20
30c
preferred (quar.)
(N. Y.) —
Manufacturers Trust Co,
Manufacturing (quar.),
Margay Oil Corp. (quar.)
pfd. (quar.),
$1.25
.
$2 conv. preferred
:
(quar.)
Mapes Consolidated
3-20
3-15
$1.75
$17%c
}17%c
Corp.-$1
4-1
3-11
4-15
3-20
4- 1
3-14
40c
4- 1
3-18
$$1.50
4-1
3-15
Marion Water Co.,
Maritime Tel & Tel,
$5
Co.,'
Power
Marion-Reserve
preferred (quar.)
(quar.)
preferred B (quar.)
Marlin-Rockwell
Marsh
7ft
Sons
&
(M.)
common
(quar.)
Ltd., 6ft preference (quar.),,,,,
Alkali Works, common
(quar.)
McCaskey Register, 8ft 2nd pfd, (accum.)—
7 ft 1st preferred (quar.)
1
1
McClatchy Newspaper, 7ft preferred (quar.)
7ft
preferred
(quar.)
7ft
preferred (quar.),,—
McColl-Frontenac Oil Co., Ltd.—
3-15
Marven's,
3-15
Mathieson
7ft
3-15
3-15
3-15
4-17
'3-20
3
McCrory Stores Corp. (quar.)
McKee & Co., Class B ((quar.)
McKesson & Robbins, Inc., $4 pfd.
3
4-
6
3-20
3-20
""
6-3
'
Extra
12- 5
5ft
3-14
6ft
3-15
6ft
3-14
Merchants Bank (N. Y.)
3-14
Extra
;
,3-15
3-20
3-20
.
(quar.)
■
;
Co., common
Mesta Machine Co,
3-15
preferred (quar.)——
preferred (quar.)—
2-24
Metal St
3-20
Metropolitan Edison, $6
Thermit, 7ft
prior preferred (quar.)l—„_______ —
preferred (quar.)
7
$7 preferred (quar.)—
I
$7 prior preferred (quar.)—
Meyer-Blanke Co., 7ft preferred (quar.),,—
Miami Copper Co.,
Michigan Associated Telephone Co.—
6ft preferred (quar.)
—
Michigan Public Service, 6ft pfd. (quar.),,
$6 Junior preferred (quar.).
6ft preferred (series 1940) (quar.)
7ft
preferred (quar,)
Mickelberry's Food Products—
$2.40 preferred (quar.)
Midland Steel Products, common
3-18
$6
3-18
$5
■
2-28
2-28
3-10
3-10
3-18 T
3-10
3-10
3-15
3-15
3-15
3-29
-
3-17
3-20
8ft
3-21
1st preferred
Midvale Co.
—
—'——,—-—
Mid-West Refineries,
Midwest Tool &
3-11
Reduced quarterly
Miller & Hart. $1 prior pfd.
3-20
3-20
4-
3-17
5- 5
8- 5
4
6-5
9-5
5
3-10
3-31
9-1
:
3-15
3-15
'
5-31
3-24
5
4-20
3-31
3-20
Rubber
—
—
—_
3-20
4-20
3-10
3-13
(s-a)
$4 preferred C (s-a)__
Montana-Dakota Utilities, common
5ft preferred (quar.),
Montgomery Ward, common (quar.),——
Class
7ft
(quar.).
$1.50
•. 50c.
25c
S.
funds),,
S.
Montreal
funds)
Telegraph Co.
(quar.)
(quar.)
Cafeterias Consolidated—
Morris Plan Bank of New Haven
7-26
Morrison
3-31
3-31
7ft
3-20
3-30
$1.12%
3-20
1
3-20
4-
1
3-20
3-20
4-1
$1.31%
50c
3-31
3-18
62%c
$1.75
$1.50
$1.50
$1.25
»4- 1
3-16
3-31
3-20
4-1
3-
6
1
3-
6
4-1
3-
6
4-
1
3-
6
4-
1
3-
6
4-
1
3-24
4-
$1/75
$1,75
$1.75
25c
4-10
3-27*
4-1
3-15
4-
1
3-15
$1.50
$1.50
$1.75
4-
1
3-15
4- 1
3-15
60c
4-
$1.50
$1.50
4-1
3-15
1
3-20
4-1
3- 3
4-
3-
3
1
3-
3
4-
I
3-18
3-31
3-15
3-30
3-20
6-12
6-
2
9-12
9-
2
3-31
50c
1
4-
3-22
4-
1
3-20
$1.75
4-
1
3-15
4-
1
3-15
4-
1
4-
1
4-
1
5-
1
4-15
4-
1
3-15
4-
1
3-17
4-
1
3-17
4-
1
3-20
4-
1
3-20
4-
1
3-20
4-15
3-25
4-
1
3-17
4-
1
3-
8
4-15
4-
1
4-
1
3-15
$1.50
$1.75
$1.50
$1.50
$1
$1.50
$1.75
50c
12%c
87%c
$1.75
43%c
3-15
3-20
/
preferred (quar.)
Bank of Colombia—
American
shares
Motor Finance,
3-15
Mount
Diablo
(irregular )_i—
$5 preferred (quar.)—
Oil Mining & Development—
Quarterly
3-20
6-
1
5-10
6-
1
5-10
6-
1
5-10
10c
4-
1
3-15
$1.25
50c
4-
1
$2.25
$2.25
$2
3-15
4-15
3-20
4-15
3-20
$55%C
4-
1
3-
9
4-
1
3-
9
$1.75
J80c
$1.50
4-
1
3-
9
4-15
3-15
3-31
3-21
1
3-24
4*c
3-27
3-13
$1.25
3-29
$1.75
4-
Mortgage
3-31
3-31*
9-1
4-
(payable In
—
4-25
10-26
5
$1.75
—
preferred, class B (quar.)
U.
6-
3-30
$1.75
;
Corp. Ltd.. common (quar.),
preferred, class A (quar.) (payable in
U.
7ft
A
1
5
9-
t$1.37%
preferred (quar.)
$4.50 preferred B
Moore
I
6-
t30c
Ltd., common
Monongahela Valley Water Co.—
7 ft preferred
(quar.)
——
Monongahela West Penn Public Service Co.—
-7ft preferred (quar.)
——_——
Monsanto Chemical Co., $4.50 pfd. A (s-a),
3-18
4-
9-5
$1.50
Molybdenum Corp. of America—
Monroe Chemical Co.. $3.50 pfd. (quar.)
3-31
3-14
3-15
(quar.),,
Mohawk
3-31
3-15
6-
$1.25
(quar.)
(quar.)
Containers,
5%ft
3-21
6-5
$1.50
Modern
V
1
4-1
preferred (quar.)
Mississippi Power, $6 preferred (quar.)
'"'$7 preferred (quar.)
Mississippi Power & Light, $6 pfd. (quar.),,
Mississippi River Power Co., 6ft pfd. (quar.)
Mississippi Valley Public Service com. (quar.)
6ft preferred B (quar.)——,.
—
Missouri Edison, $7 preferred (quar.)
3-15
4
4-
4-1
2c
6ft
3-20
3-10
preferred
$6
3-17
12-
4-
3-20
1
4-15
Manufacturing Co.—
Minneapolis Gas Light—
$5 participating units (quar.)
Minnesota Power & Light, 7ft
pfd.
4
3-20
11-
4-
(irregular)—25c
$1 prior preferred (Irregular)
" 25c
Miller Manufacturing Co. (quar.)
5c
(Formerly known as Miller Tool St Mfg. Co.)
6
3-17
3-31
common,,5c
3-21
4-15
3-31
4-15
$2
(quar.),
3-20
3-
8-31
50c
preferred—,———-——50c
$2 non-cum,
3-21
5-31
11-30
25c
25c
30c
30c
—
'
Merck St
3-27
1
75c
75c
(quar.)w
——
4*/a ft preferred (quar.)
5%ft preferred (quar.),,
—1Merchants & Miners Transportation (quar.)
3-15
4-
of California¬
Corp.
Acceptance
preferred (quar,),
preferred (quar.)
preferred (quar.)
preferred (quar.)
's ft
7
3-27
i 50c
'
Mercantile
9-5
7
3-
4- 1
75c
$1
(quar.)—
McQuay-Norris Manufacturing Co.—
Increased quarterly
Mead Johnson & Co., common (quar.)
1
5-
3-
3-31
$$1.50
25c
(quar.)„,_,^„—__^™__,
preferred
3-31
$1.75
43%c
43%c
43%c
,
3-20
4-15
25c
$1.75
75c
preferred
6ft
3- 3
9
3-
1
1
2-29
7ft
3-31
4-15
4-
2-29
2-29
3-15
4--1
4-
4-10
2-29
2-28
/
50c
50c
50c
25c
Common* (quar.)
2-29
4- 1
4- 1
5-15
25c
(quar.),
$1. preferred
Laclede
3-31*
8-15
67 9
62Vic
t$l
25c
$1.50
15c
3-28
3-31*
3-24
$2
37%C
20c
Telephone Corp., common,,
6ft preferred (quar.)
—-—
La Plant Choate Mfg., common (quar.),—_
La Crosse
3-20
3-31
3-31
3-31
:
4% gtd. (s-a)—
Commercial
3-15
3-31
4-15
5-
6-9
4-1
5-1
3-31
4-1
3-31
4-15
3-31 i
3-31
4- 1 ;
$1.50
$1.75
(quar.)
7ft 2nd preferred, (quar.)
1st preferred
6ft
3-24
Illinois Central RR. Co
Illinois
Kroger Grocery
3-21
4-15
5-15
3-24
4-1
4- 1
4- 1
4-1
$1.50
$1
preferred (quar.)
stores, 4ft pfd. (quar.),
& Baking Co.—
6ft
Kresge Department
preferred
3-
3-15
4-29
,4-1
4-1
3-31
6
8-10
4-1
4-1
4- 1
3-31
: 3IV4C
$1.25
75c
4-15
4-
11-10
4-1
4-1
3-15
4-25
4-15
3-15
4-1
Kimberly-Clark Corp., common (quar.)
25c
6ft preferred (quar.
$1.50
Kings County Lighting—
';5ft preferred D (accum.),,,
62V2C
6ft preferred C (accum.).——75c
7ft
preferred B (accum.)
87%c
Kirkland Lake Gold Mining (s-a)
t2c
Kirsch Co., $1.50 preferred (quar.)
37%c
Klein (D. Emil) Co
25c
Knapp-Monarch Co., $2% preferred (quar.)
67%c
$2.70 (quar.)
—67%c
Koppers Co.,
3-21
4- 1
3-30
$1.50
$1.50
$$1
SI.75
$1.75
$1.75
$1.75
68 %c
Ideal Cement (quar.)—
35c
Illinois Bell Telephone—.« $1.75 ■
Leased Lines,
3-20
3-21
3-31
3-31
10c
(quar.),;
3-20
3-31
.
75c
12 %c
37%c
preferred (quar.)
;
Humphreys Mfg., -6ft preferred (quar.)
Huron & Erie Mortgage (quar.),,
——
Huttig Sash & Door Co., 7 pfd. (quar.)
7% preferred (quar.).
7% preferred (quar.»
7% preferred (quar.)
,•
:
preferred
4-30
37%c
y
5% %
4-20
3-17
6ft
Hussman-Ligonier,
3-20
3-17
Corp.
Fibre
Hummel-Ross
3-31*
4-30
—;
t.
Motors
Electric
Howell
(quar.)
3-31*
3-31
1st preferred A (quar.)—
2nd preferred (quar.)
Howe Sound Co.
4-5
5c
50c
(irregular)__„
& Co.
(Walter)
Kidde
83/ic
(increased)i._^,,__„,,_i._^__i_-,
Class B
3-29
3-20
5c
(quar.)——————
6ft 1st preferred (quar.)
Brothers.
3-20
■
3-15/
37 %c
(Ky.), common
4-15
5-19
3-31
3-31
4- 1
4- 1
'.Special
L
Kerlyn Oil Co., class A (quar.)
62'/ac
$1.50 preferred
Howe
—25c
25c
(quar.)
35c
3-15
4-1
•
Kennecott Copper
3
5-1
common
3-15
3-31
4-1
27%c
B
Class
2-28
5-1
$1.50
$1;75
Gas,
$4.50
Drug,
11-20
4-
•4—
preferred (quar.)
$1.50
(R. H.). & Co. (quar,)I^____„_,„i.,'
50c
Magnin (I:) Co., 6% preferred ;(quar.)_„i.J,
$1.50
^ft preferred (quar.),iw,„__i._^_—_
$1.50
6ft preferred (quar.$1.50
Mahoning Coal RR. (irregular),,
$6.25
3-15
4- 1
4-1
4- 1
4- 1
4-1
20c
37V2C
preferred (quar.)
Kaynee Co., 7ft preferred (quar.),
Holly Island Lime Ss Transport
—
Kelsey-Hayes Wheel, Class A (quar.)
3-15
4-10
5-10
-—
$1.25
$1.50
$1.75
$1.12%
;
$1.75
—
12-
Macy
3-15
3-
25c
25c
6ft
3-18*
4- 1
10c
(quar.)
preferred (quar.)_^_il
$6 preferred (quar.)
preferred (quar.)__
Katz
3-15
4-15
(increasedi_
5ft
preferred (quar.)—,————
Houston Oil Field Material Co., com. (irreg.)
Natural
$7
3-17
4-15;
4-15
,
=,
com.
Kansas Power,
1
3-31
4-1
-25c
$1
(quar.)
Kansas-Nebraska Natural Gas,
$6-
3-
$1.50
—
8-21
11-20
common
5ft
3-18*
4- 1
3-31
4-1
$6 preferred (quar.)
7% preferred (quar.)———
Houston
$1.50
4
$1.12%
50c
62'/2c
—
———
j: $6 preferred
—i.
5ft
5-20
8-21
12-
:
Co.,
(P.)
MacAndrews & Forbes,
4- 1
4-1
4-1
-3-10
3-31
$1.25
(monthly)
$1.25
$1.75
3-31
preferred (quar.)
Houston Light & Power
Co., 5A pfd. (quar.)
Kafisas Gas,& Electric, 7ft preferred (quar.)
(quar.),
Kansas Electric Power
2-29
x.:
$1.75
Participating
3-15
9-15
12-15
5-20
25c
,
($25 par) (quar.)
preferred ($100 par) (quar.)
;
Lyon-Magnus, partic. class A (accum.)
& Light—
Power
preferred B
$6
3-20
54c
$1.50
I——,
(quar.)— '
City
Kansas
3-22
3-
■
15c
(quar.)
Quarterly
Quarterly
3-22
3-15
$1.25
:
3-15
5-15
4-1
4- 1
6-15
15c
15c
Vegetable Parchment Co.
Kalamazoo
■
7ft preferred
3-15
3-
3-23
3-10
20c
^
Louisville Gas & Elec.
4-15
5c
25c
(quar.),,—$1.75
preferred
7'^
$1.50
(quar.)—
—,1
(quar.)
Co,
(E.) Sons Co. common—
Kahn's
3-31
_—_—
preferred (quar.)
K W Battery
3-21
4- 1
$1
—
Bearing
4
3-20
Hooker Electrochemical Co.—
$4.25 preferred (initial)
6ft preferred (quar.)
4
:
Lorillard
3-24
4- 1
4-1
3-
3-27
(quar.)
3-15
3-17
4- 1
4- 6
3-
3-20
4- 1
$1.05
—
3-15*
4- 1
3-2L:
3-15
5ft
3-10
5-1
3-15"
preferred (quar.)$1.25
Participating
; .x;:
25c'
5% preferred (quar,).
$1.25
3-10
4.- 1
3-31
$1.25
$1.25
Gas Co.___
•
•
3-31
$1.75
20c
50c
Star
.
™,i.-„„,
Longhorn Portland Cement—
5ft preferred (quar.)
Participating
3-23
4-1
7-1
4- 1
4-1
4- 1
4-1
4- 1
$1.06 V*
Lone
(quar.)
pfd.
(reduced)
Cement
Star
3
3-
3-15
50o
50c
4$1.73
37%c :
Corp
(quar.)
(Marcus) Theatres, 7ft
Lone
4-3
4- 1
4- 1
7- 1
preferred (quar.).—$1.50
preferred (quar.)_______
$1.37%
& Laughlin Steel, common
preferred A (quar.)
5^ preferred B (quar.)
Joplin Water Works Co, 6(4 pfd.
Aircraft
Inc.
Loew's
4-1
4- 1
4- 1
5%
3-20
4-25
4- 1
$1.50
20c
—
(irregular)
common
preferred
$2.10
lc
12-1
4- 1
$1.75
Jones
3-16*
3-31
•
——
30c
preferred (quar.)
Johns-Manville Corp, 7% preferred
Johnson Stephens & Shinkle Shoe,,,,,
3-20
4-1
fl6c
■
30c
Jewel Tea Co, 4Vi %
3-18
Mines—
'increased
4-15
3-28
3-28
4- 1
4- 1
4- 1
4- I
4- 1
6-1:
9- 1
75c
81 Vic
87Vic
& Light-— •
preferred (qua/r.)_:
5 Vz
3-20
1————1-
Co,
Furnace
Holland
25c
425c
1
Quarterly —
;—
30c
Irving Air Chute Co. (quar.)—™--,
25c\
Irving Trust Co. (N. Y.) (quar.)
15c
Island Creek Coal Co., common (quar.)
50c
Common (quar.)—
_____——
50c
$8 preferred (quar.),——.
$1.50
$6 preferred (quar.),,—
$1.50
Jamaica Public Service Co., Ltd. com. , (quar.)
U7c
7% preferred A (quar.)
—
x$1.75
7% preference B (quar.),xl%%
5 (4 preference C (quar.)
xl Vi %
5% preference D (quar.)
:
______
xlVi(4
Jamaica Water Supply, $5 preferred (quar.)
$1.25
Jamestown Telephone (N. Y.)—
1st preferred
(quar.),,
4—
$1.50
Jen8rsotr-Electrlc (irregular)
5Cc
7%
3-30
4-1
4-1
$1.25
:
Loew's
3-1
Jersey Central Power
3-31
4- 1
4-1
4- 1
3-31
4-28
4-1
4-1
4- 1
,
$1.75
(quar.)
& Bartlett & Co.
.
4-1
$1
—
— ,
„
4-1
3-31
43%c
,,
common—
Hickok Oil Corp., 5ft
3-31
4- 1
4-15
3-27
4- 1
4- 1
3-31
3-31
4-1
(quar.)
preferred
7 ft
3-28
$1.25
15c
Hercules Motors Corp.
Hibbard Spencer
3-28
3-28
4- 1
4- 1
4- 1
(increased quar.)
preferred (quar.)—
(G.
4-20
$1.75
(s-a)
non-cumulative preferred (s-a)
Iowa Electric, 77c preferred A (accum.)
6Vi% preferred B (accum.)
——_—
Iowa Electric Light St Power—
6% preferred C (accum.)—
6Vivle preferred B (accum.)—
4
.7% preferred* A (accum.)
—_
Iron Fireman Mfg.
(quar.)
^—
•:■;■ Quarterly
—
3-31
4- 1
3-10
4- 1
.
common
t75c
2c
■■■$>■:: $1
■ 433/4C
'40%<?
8(4
6(4
partic. preferred-Haverty Furniture, $1.50 preferred iquar.),
Hawley Pulp St Paper Co., $6 2nd pfd. (quar.)
$7 1st preferred (quar.) —————
Hazel-Atlas Glass Co.
(quar.)
.
,
7%
> |'
Royalty,
Investors
3'15
4" 1
15c ,/v
$1.25
37%c
$1.50
(quar.)-—————
non-cum.
Helme
Investment
6%
3%c
$1.25
$1.75
30c
25c
50c
50c
, 50c
8%
Foundation, Ltd.—
convertible preferred (quar.)
4-15
3-22
-
3-16
4- 1
4- 1
4- 1
4-15
.
3-21
Joint
Lockheed
4- 1
4- 1
3-15
$1.50
15c
$1.25
$1.25
Hartford Fire Insurance (quar.)
Hartford Gas Co., common (quar.)———
E.) & Co., com.
8
3-
10c
30c
preferred (quar.)
1
preferred, 2nd issue (quar.)————
Harris Manufacturing class A (quar.)
Harris-Seyboldt-Potter, $5 preferred (quar.)
Harrisburgh Gas, 7 % preferred (quar.) ^
Harrisburg Steel Corp. (quar.)—--—>
Harshaw Chemical ———
—
Heller (W.
$1.50
;
25c
$6 preferred (quar.),,
Investment Co. of America (quar.)
—
Interstate Telephone,
3-15
25c
$1.12%
i-
5%
5ft
8
3-31
4- 5
4- 1
5%
prior preferred
3-
4- l
4- l
(quar.)——
Hanover Fire Insurance (N. Y.) (quar.)
Harbinson-Walker Refractories—
6% preferred (quar.)
t,
——
5ft
5-15
.
preferred (quar.),
common
,
3-28
Hammond Instrument
Harnischfeger Corp.,
3-16
43%c '
20c
*0c
Hamilton Manufacturing
Hammermill Paper, 4%ft
3-15
3-15
4-1
•-
————
—
3-21*
$1.12%
Pipe Co., common (monthly),
$1
preferred (quar.)
"
$2
Locke Steel Chain, common (quar.),
30c
Extra
—lOc
4-11
4-1
4- 1;;
3-17
.
8ft
V 4-11
4-
of Rec.
1
4-
*4-15
Lock
3-10
S-31
-
* $1
25c
$1.50
(quar.)
(irregular)—,
(Q. M.) Lamp
Hall
3-11
65c
(accum.)
Realty Co. (Bait.) , 6ft pfd.
Gulf Oil Corporation (quar.)
Gulf Power,; $6 preferred (quar.)
Guilford
3-31
Payable
37%c
Liquid Carbonic Corp.— - 1
4%ft preferred A (quar.),,,,,,,,,^,.,,^
•
3-20
h
When
share
of Company
(T. J.), 6ft preferred (quar.),__„
Lipton
3-15
3-20
■■>,' 5- 1
5-1
7'//>
7%
3-20
60c
—
-
t40c
(reduced)
:
3-20
34%c
,.t,53
31 'Ac
$3
55c
.—
3-30
$1
preferred (quar.),,
t$1.75
preferred ($5 par) (quar.)™™,,,.. •
t8%c
International Paper, 5^. conv. pfd. (quar.),
$1.25
International Power Co.—- - l>"
H
*
7% preferred, 1st preferred (accum.),—$$5.00
7% 1st preferred (quar.). $$1.75
International Salt Co,,,,.,,——50c
International Shoe' Co. (quar.)——,—,
45c
International Silver:Co., 1% pfd. (quar.),.—
$1.75
Interstate Department Stores, common,,,
25c
7r/c preferred
————___•—,—$2.72
Common
3-20
partic. preferred (quar,) —31 Ac
■■■.Participating
$0.002444
Greenwich Water System Inc.—
. ,,,
6ft preferred (accum.)
—-—
$1.50
Greif Brothers Cooperage Corp.—
$3.20 cumulative class A (accum.)
80c
Greyhound Corp. common (quar.)
,~v5c
5% ft
preferred (quar.)
1
13_^c
Griesedieck Western Brewery; com. (Irreg.) i '
SOc
$lVi
"
preferred (quar.),,,—
International Nickel Co. of Canada, Ltd.— •
47c
1
•
Chemical Corp.— (;
International Minerals &
3-
01,.2c
(irregular)——
conv.
4-15
<ac
preferred (quar.)*—Greening (B.) Wire, Ltd. (quar.)——
6%
3-15
50c
——
6'f conv.
3-15
50c
——
non-cum.
Greenwich Gas Co., common
3-15
:
preferred (quar.)
Greenfield Gas Light, common
6?o
6ft
3-15
'■ $1-75
preferred (quar.)
7ft
3-15
50c
,
3-15
4-15
. -4-15
- • 4- 1
4-15
4- 1
preference,'A (quar.)f$1.50
5- 1
preference (quar.)——,
f$1.50
5- 1
(quar,),
t20c
67o participating preferred (quar.),,,—i, .-737Vic
International Cellucotton Products (quar.) _,-> 37 Vic
International Harvester Co., com. (quar.),,
50c
International Metal Industries, common,,,,
25c
Hoiaert
ter
Name
of Rec.
International Bronze Powders, com.
3-20
$$3.75
■—
Sugar,
Western
Great
50c
■-.'■•
Great Lakes Steamship
Name of Company
Payable of Reo.
3-31
3-21
share
<
Holders
-:v-.
> Holders
Per
■"■.'
.•
Monday, March 27, 1944
FINANCIAL CHRONICLE
—
lc
3*18
5-15
3
6-
•>.*m
O
f
*>,19
3-18
Murphy
(G. C.)
Co., 4%ft
pfd. (quar.),.—
$1.18%
4-
3
3-22
Volume 159
Y
/
,
V"
Murphy Paint, common (quar.)
.SVak preferred (quar.)
Z~~~~
i 6%. preferred (quar.)
6% preferred (quar.)
YVB% preferred(quar.)
Preferred (qua*.)"
z
Y
,
___
M
*"•
7%
Y»
Ltd.,
Breweries,
preferred
$7
_
*""" "
______
7
6%
,
•
& Stamping
Folding Box Co..
ZZ..Z
Z
2
preferred B (quar.)....
___ZZ_ZIZZZ
Oats Co., 5% preferred (s-a)_
■6%
National
National
Products
National
ZZZZZZZZZZZ
(irreg")
Co.
(quar.).
National Steel Car, Ltd. (quar.)
National Sugar Refining
National Supply,
preferred
$2
Water
Navarro Oil
(irreg.)..
1
3-11
1
3-11
$2
insurance
Fire
preferred
3-15
5-
1
4-15
5-
1
4-15
,
..
4-15
3-20
1
Z~~"~
New.England Tel., & Tel. (guar.)Z-.Z—ZZZZ
New Hampshire Fire insurance Co. (quar.)„
New Idea, Inc._^
/.
_
New Jersey Power & Light, $6 pfd. (qyarX
New Jeisey Water Co,, 7% pfd. (quar.)
New' Orleans Public Service common (quar.)
'",■$7 preferred
(quar.)
1
3-25
3-31
4-20
3-31
4-
3-31
3-17
5-
1
4-21
8-15
7-31
3-30
3-20
1
1
New York Power &
preferred
$6
Light, 7%
1
3-15
4-15
3-15
3
3-15
3-31
3-20
3-31
3-20
4-
3-31
3-20
5- 1
4-15
1
3-15
4-
(quar.)
4-
1
1
4-15
3-31
3-27
.4-1
3-16
3-31
3-22
3-22
4-
1
3-15
4-
1
3-21
4-
1
Pet
3-15
5-
3-21
:
3-31
4-
..
4-
3-10
3-16
3-
1
3
3-11
v
4-
3-15
4-
3-15
4-
3-17
5-
4-15
5-
4-15
:
1
3-31
3-
1
3-20
3-31
3-18
3-20
3-30
4-
1
1
3-10.
8-
15c
4-
Z.ZZZIZ
Shore Gas Co.__
•m01^ Star
North Texas
—
Northern Liberties Gas
'
6Y
~~
(s-ai_„____
Northern Ontario Power,
com.
$5
Bell Telephone Co._
Electric 6% orig. pfd.
preferred -(quarvi-i-^.^
("quar.)
Northwestern
_
(quarZZ
Northwestern
7V
Norwalk Tire & Rubber, 7%
(quar.)I
(quar.)
(quar.)
Novadel-Agene Corp.
_
3-31
4-
1
1
3-20
4-
1
1
1
3-15
1
3-31
3-15
'6-39
'
;6%
4-
1
$125
1
•
4-
1
3-15
:
$1.25
4-
1
3-10
■:
4-
1
3-10
~ Z '
(quarZ)Z~
ci =n
25c
$1 75
preferred (quar.)'__——.
5%^ preferred (quar.)
"
$150
$1371/,
4-
ZZ
5 Y
preferred (quar.)'—
Ohio Service Holding, $5 preferred
$1 25
Oklahoma
S3
Natural
Gas,
common
S5.50
4- I
1st series trust shares
y:
4-Z'l
^
preferred
preferred
4-
1
3-20
4-
3-15
3-31
3-15
3-31
3-15
-
preferred
ZZZZZZZ
(quar.)
Ontario
& Debenture Co.
Steel Products, com.
(quar,)
5Y
(resumed)
Car &
3-31
3-18
3-31
3-18
3-31
3-25
$2
3-31
3-15
4-
Ottawa
Electric
Railway
(quar.)__ZZZZZZ
Ottawa Licht Heat & Power, common
preferred (quar.)
Qtter Tail Power, $4.50 dividend seriesYquar.)
oCi
S5.50
merican Investors, preference.
convertible
prior preferred
;
3-18
preferred
3-31
3-24
3-30
2-29
1
3-25
20C
4-
1
3-20
Scranton Electric
3-20
5c
4-
1
4-
1
3-
8
4-
1
3-
1
1
1
3-
Stock dividend
1
3-
Securities
3-31
3-
50C
4-
5%
.
3-17.
4-15
30c
62 %c
4-1
3-15
75c
4-15
3-30
$1.50
4-15
3-30
5-
Shaffer Stores,
4-17
$1.06 »A
5-
$1.12%
■;
■Y.4Y1-
50c
IWe
10c
3-15
3-15
Y
3-31
4-
75c
---"3-15
4-
4-25
$1
':
3-11
1
4-
10c
4-21
3-10
1
3-15
3-15
4-
1
50C
4-
1
25C
3-28
3-
4-15
3-18
50c
4-
3-24
15c
.
3-15
1
1*
7-1
6-
4-
3-15
$75c
4-15
4-
40c
9
3-20
4-15
±$1.50
,
3-20
3-15
1
tic
4-15
3-15
4-1
3-10
4-
1
3-10
4-
6 Vic
1
3-15
4-
'±5C
3-
1
$2
4-15
1
3
3-24*
4-15
$1.25
4-
*;
5
3-15
4-
±$1.75
4-
1
3-15
$2.50
Y
4-
I'
3* 8
4-
1Y
3-15
1
3-24
4-15
3-15
9-15
4-
115c
4-
2-
9
^
4-
2-
9
$1 12j/2
4-
3-15
1
3-1
3-15
4-
3-15
1
3-15
4-
1
3-15
Fire
:
(quar.)
(quar.)— __
Manufacturing Co., common
preferred (quar.).^——Z
Remington Rand, common (interim)
$4.50 preferred (auar.)__
7Y
—
Republic Investors Fund,' Y
6% preferred A (quar.)
preferred B
1
3-24
4-
1
3-24
(quar.)"
$L25
63c
(quar.)_
$1.37%
~
ZZIZIZZZ
(quar.)_ZZZ
.
preferred
±$1.62%
preferred (accum.)
±$2
Sinclair Oil CorpZ (quar.)—15c
Skenandoa Rayon, 5% preferred A(quar.)
$1 25
5% prior preferred (quar.)
—
$1 25
Smith (Howard) Paper Mills, 6% pfd. (quar.)"
t$U0
Smith (L. C.) & Corona Typewriters Inc.—
Comifton
,
g0£
ZZZZZZIZZZZZZ
Ig^^aper'
Prefcn"ed A (accum.).,,,,_
1; 4-6% preferred B (accum.)— _
South Carolina Elec. & Gas. 5% pfd. (quar.)
oi
(quar.)—
5%
non-cum.
5%
non-cum.
preferred
.
A
5%
pfd.
3-
10c
3-18
3-31
3-31
$1.25
50C
-
A-
8
3
3-31
3-18
3-17
v
4-13
3-23
4-
50c
87 %c
3-18
1
3-15
$4.25
preferred
(quar.)_ZZZ—
Extra
Standard
Class
B
1
8-
1
Standard
1
11-
2
Stanley Works,
3-31
2-28
10c
$2
$1.25
$1.25
$2.50
3-31
1
3-23
State Street Investment Corp.
3-23
Statler
Hotels, 6%
.
4-20
3-21
Stearns
5%
Stearns
(Frederick)
partic.
5- 1
8-1
.
.
4-15
4-15
& Co.,
preferred
common—ZZ
(quar.)
__t
Brothers,
conv.
YY 4-
3-15
1
3-15
4-14
4-12
4-15
4-
5
10-16
10-
6
4-
1
3-22
4-
1
3-15*
4-
1
Y 3-15
3-31
Y, 3-16
4-
.
1
4-15
4-
1
3-20
4-
1
4-
1
3-20
3-15
4-15
:
;
"3-20
4-
1
4-
1
3-20
3-31
4-10
3-31
common
preferred
(quar.)
3-31
3-18
3-25
3-31
3-10
4-29
5-15
3-30
4-15
37%c
J5c
(quar.)_.
z
Y
3-17
3-31
3-31
3-28
3-15
25c
3-31
3-27
3-31
±75c
3-27
4-
5
3-25
4-
1
3-20
4-
1
3-20
4.
1
■
3-31
3-31
4-15
Y. 4-10
'
'
3-31,
5-
.
1
4-10
10c
±l5c
t60c
Manufacturing
Extra
6%
1
$1.25
Stayton Oil (quar.)—w„—
4-
3-10
3-20
1
4-
.
50c
(irregular)"ZZZ
preferred..,—
5-1
3-10
8-15
5c
_
1
1
9-15
50c
3iv4C
75c
(L. S.) Co._,
4-
1
3-11
5-15
4-
4-
±10c
±iOc
(irregular)—,
(irregular)—Z_——
4-
4-
3-16
1
6-15
.:
31 %c
class B
common
12%C
4.
,•
Y
31 %c
preferred (quar.)
Starrett
3-20
'
$1.06%
(quar.)—
class A
37%c
15c
A 3-20
4-15
30c
Tube Co.,
9-
15c
3-15*
4-15
—_
(quar.)—^
12-
30c
3-15
1
3-27
;
(interim)
Screw
40c
$1.121/a
1
4-
50c U\i
75c
±$3
$1.25 Y
—
Radio, Ltd.,
Standard
1
1
4-
'
CoZTquaTTZZZZZZZ
preferred
Participating conv.
5%
:
1
3-15
4-
tinniA
(quar.)
B
$4% preferred (initial quar.>__
Standard Paving & Materials, Ltd.—
3-20
,
3-13
4-
4-15
$1.25
pfd. (accum.)
Standard Fuel, 6%% preferred (accum.)—,
Standard Oil Co. (Ohio), 5% pfd. (quar.)—
5-1
3-17
3-27
Y
Fruit & Steamship, $3
3-31
1
■
$1
$2 50
$113
$L75
50c
Standard-Coosa-Thatcher
6-1
4-
3-15
h
3-15
•'
squibb C^V«tible Sons—
(E. R.i & Preferred
40c
3-28
3-15
3-15
1
35c
$1
<?nn1hh
25c
90C
1'
3-21
Insurance (Dallas) (quar.) A.
Square D Co., common
1
4-
$L25
(quar.)_
3-31
4-
ZZ.
'
4-15
20c Y" 4-20
3-31
4-20
;
$1>50
(quar.V___
o°u?j,wesXein
Stedman
>-U——•
preferred (quar.)_____
preferred (accum.)
Spalding (A. G.) & Bros,, 1st preferred—___
1st preferred
—
Standard
Y-
.
Y
3-18
30c
—
(common—,
preferred (quar.)—_______
3-10
87 %c
3-11
Z
50c
ZZZZZ-Z
ZZZZZ
3-10
1
1
1
Co.——
1
1
4-
1
50c
$1.50
(quar,)
(quar.),,
1
3-16
3-11
■■; 4-1
3-22
England Telephone
1
5-
3-31
4-15
3-27
New
4-
3-
1
.$$1.50 i€ 4-15
preferred (quar.)
6%
Southern Fire Insurance Co. (N, C.)
Southern
4-
5-31
l'Y
4-20
4-
3-25
3-31
55-
3-20
$1.50
3-31
4
4
4
5-15
••
50c
$1.25
75c
33-
3-
.
Spokane International Railroad Co.——ZZ
Springfield Fire & Marine Insur. (quar.),
Springfield Gas & Electric Co., $7 pfd, (quarZ)
$10
3-20
4-
(quar.)
4-
$1.50
2-29
2-29
5-15
common
$1.75
15c
3-10
:
4-15
Power,
Southwestern Gas & Elec.,
30c
Y 3-31
4-10
1
±20c
Canada
2-28
25c
4-15
4-
5%%
3-31
3
3-23
original preferred (quar.JY——37%c
preferred C (quar.)
34%c
5%
Southern
$1.75
3-18
6
3-21
1
4-
-4"
_
Ltd.—
3-
$1.50 : Y4-1
3-27
40c
•
(quar.)_—
Southern California Edison Co.,
3-21
1
3-30
r
8%
1
4-
'Sh.Water Co., 4%% pfd, (quar.) $1.12%
co Su£ar. common (interim),
50c
preferred (quar.)
Z_
' $2
South West Pennsylvania Pipe Line
1
4-
$1.50
$l
62%c
1st pfd. (quar.)
South Carolina Power Co., $6
3-25
4-
$1.50
$6 preferred (quar.)
Y'$6
4-
4-10
6%%
2-28
1
Y 4-15
±20c y; 4- 1
4- 1
±20c
3-27
25c
3-31
±isc
3-31
+15c ;
3-31
$$1.75
Southwestern Associated Telephone—
$1.75
;
..■
Z—
Southwest Natural Gas, $6
4-
3-21
±i5c ,:.Y 5- 1
■
3-20
4-15
1
±$1.75
(accum.)—
2-29
3-15
3-15
4-
YY>±3c*
common,,
3-15
1
1
n.;
$1
$1.25
25c
i^c
_
.
4-
10Z
_
3-15
Y. 4-1
Simpson's Ltd., 6%%
-
8
4-
«5c
$125
—„z_v-
(quarJ
Oil
3-
3-20
3-30
3-10
:
South Penn
3-15
>
3-10
preferred (quar.)
t«UMh
4-20
1
1
3-10
1
3-31
4-
.
44-
1
& Sons; common (quar.)
(H.)
1
1
Extra
7%
3-25
4-20
3-31
4-15
.
25c
(Dayton, O.)
Reliance
6%
»'
1
1
5-
50c
$1 5n
(irregular)
40c
Reliable Stores Corp., common
5% conv. preferred (quar.)———„—
•
Co.
3-11
4-
5-
4-
$1.25
—
Insurance
3-10
4-
3-31
50c
$1.25
—
4-
4-
58 %c
(quar.)_
Reliable
3-10
1
10c
Southern Railway Co.
50c
(quar.)————_
3-10
1
(quar.),
,_ZZ.—-z_*—.
(quar.)__—_
pi-eferred
1
1
__
Pacific
—
3-10
4-
/
participating preference (s-a)
>.imon
3-10
4-15
62 %c
'
±$1.37%
3-18
3-10
1
4-
^
50c
1
1
1
4-
37%c
Phosphate Corp.
preferred (quar.)
Reliance Electric & Engineering Co
4-
40c
3-15
3-31
Y'
(resumed),
Southern
$1.60
6
A
(auar )
$5.50 prior pfd.
Southern
3-24
$1.60
6
3-
4-
■
Silverwood Dairies^ Ltd., com,
6
75c
4-
33-
6
$1 37%
$112%
(quaTjZZZ
Simmons
$2.50
1
6
4-
R7T£
<ti
(quar.)ZZZZ
Sheep Creek Gold Mines, Ltd;
Sherwin-Williams Co. of Canada,
3-15
1
6
4-
4-
$?
•
cl. A
(quar.) pfd.
common
7%. preferred
3-22
Louis-
of St.
Co.
Sharp & Dohme Inc.—
■
3-15
4-15
20Y
Association
3-15
1
(quar.)_ZZ
preferred (quar.)
Railway (irregular)
Corp., $5 preferred
Shawmut
3-20
1
8-31
4-
■.
1
4-
(Omaha)
Sharon Steel
.
1
4-
z_ZZZZZ:;:;«;'$iSvlY
SZZ
Sharon
4-17
1
Y
$1.31 V4
.w-
1
5Y.
3-15
4-
$1 75
4
(qiar
convertible
Selected Industries,
3-15
_
«96^nng .Rubber.Co-'
$2.50 prior preferred
3-10
3-15
3-31
37%c
—ZZZZZZZZZZZ
(quar.)
preferred
4
5
3-31
'
6-
3c
tquar.)_
Corp., com.
Investment
Common
4
3-15
.
Y 4-
(quar,)
preferred
6%
3-18
1
6-15
,
Si
±75c.
$175
__
Securities Acceptance
3-20
3-31
Is:
4-
±$175
75r
$125
(quar.)_
Co., $6 preferred
Seattle Erewlne & Maltog
Securities Acceptance Corp.
6-12
3-27
4-
preferred
convertible pfd.
Paper, $4.50
3-15
4-15
1
-
1
4-
______
4-
4-
5%%
Schenley Distillers,
Scott
$4 preferred (quar.)
Scovill Manufacturing Co
25C
;
3-15
7-
25c
25c
f30c
_"~Z"
~~~
(quar.).
4-1
(quar.)
3-15
1
Savannah Sugar Refining (quar,)_
3-11
Fund of Boston (quar.)
Quaker Oats, common (quar.)—
6%~ preferred (quar.)__:—
Quincy Market Cold Storage & WarehouseRadio Corp. of America—
$3.50 conv. 1st preferred (quar.)________
Railroad Employees Corp., 80c pfd. (quar.)
Ralston Steel Car common (irreg.)————
5%
3-27
1
(s-aJ
<quf£)--ZZ~-ZZ
41 %c
4-
37%c
3-31
debentures B
4-13-20
5-15
$1.37%
3-10
30C
Rayonier, Inc., $2 preferred (quar.)——
Reading Co., 4% non-cum. 2nd pfd. quar.)__
Reed-Prentice Corp., 7% preferred (quar.) —
Reed Roller Bit (irregular) _Z_—^—__
Regent Knitting Mills, $1.60 pfd. (quar.)—
1
4-
(quar.)
7% debenture C
6%% debenture D .;(quar.%zz_z_—
37%C
iti 75
15fte
(quar )
,5k
1
4-
Loan Assn.
(quar.)
3-15
Common
4-
7%%
.
2C
4-15
120c/
3-11
10c
1
10-15
commonlZZZZZ
1
3-11
—
5-15
4,25
Aircraft,..Ltd.,
3-31
4-
1
______
+25r
20c
preferred (quar.)
Ottawa
m*.
o'cp
■
3-21
4-15
25c
!
i<j;i 95
-
(interim)"""""
ZZZZ" :Z
7k preferred (quar.)
Orange & Rockland Electric, com.
4-1
«i 50
'
preferred (quar.)— __—_Y.ZZ-Z'ZZZ-
Ontario Loan
4-15
'
Omnibus Corp., common.....:..
8Y
3-20
25c
"""""
Omar Inc., common—
6Y
1
$5
■
.
4-
3-15
4-
"7r
(quar.)—,—,!
debenture A
8%
4-15
$1.25
preferred
1
__ZZZ~"~~~
Savannah Elec. & Power,
6
25c
(monthly)__—
(monthly)——zZZ_Y
3-21
4-
(s-a)_
Sangamo Electric Co.——Y—
6% pfd.
3-15
25c
Putnam (George)
3-31
:
_
3-15
$1.25
3-20
3-20
35c
(quar.)——
1
1
_
Old Colony Insurance (quar.i
Old Colony Trust Associates—
1
4-
4-
♦
Corp., 7% original pfd.
Puget Sound Power & Light Co.—
Yv $5 preferred (quar.)
-3-20
1
75c
$1.37%
(quar.)—Z
convertible preferred (quar.)—
~
preferred
1
4-
50c
Publication
3-15
(quar.)
4-
Mines
ZZ.
San Francisco Remedial
■
3-10
75c
3-15
Gold
Antonio
Extra
4-
Puget Sound Pulp & Timber, common (irreg.)
6% conv. preferred- (quar.)——z_ZZ_—__
Pure Oil Co., 5% conv. preferred (quar.)__
6%
preferred (quar.)
_____—i
—
1
$1.25
7%
Y : 7%
3-15'
4-15
Z3-31
(quar.i_
.Ohio Water Service, class A (irregular)—.
1
Public Service Co. of Okla., 5% pfd. (quar.)
Public Service Elec. & Gas, $5 pfd. (quar.)—'
3-15
(irregular)
7% preferred
4-
Public Service Corp. of N. J., common—
6%
preferred
(monthly),—
„
3-15
4-
Public Service,
San
3-15
15c
'■
$1.50
ry 6Y
:
■
2-25
Ohio
(monthly)-!
,.,' .5%.. preferred
'
'
6-15
1
(quar.)_.
3-15
1
Public Service Co. of Colorado—
.
3-23
4-
125c
(quar;)
(quar.)_„
'
----Ohio Finance, 5% prior preferred (quar.)II
3-15
1.
10c
Public National Bank & Trust (N. Y.)
3-15
4-
preferred
1
3-15
37 %c
Prudential Investing Corp
3-15
4-
I
1
Industries,
4-
3-15
3-15
50c
Provincial Paper,
3-20
4-
3-24
ZZZZZ
Co., common
4-
1
1
87 %c
7% preferred (quar.)_
Providence & Worcester RR—____—_______
1
$1
4-
4.
4-
$1.75
—
3-28
3-24
4-
25c
3-17
$1.50
3-15
1
(quar.)
3-31
..Russen
$2
Providence Gas Co;___—^Z_—
3-21
Ohio Edison, $5 preferred
'
3-31
3-11
3-30
4-
Ltd., common (quar.)___
7,0 preferred (quar.)
Safeway Stores, common (quar.)__ZZ
5%
preferred (quar.)
ZZZZZ""
Safety Car Heating & Lighting
zZZZZZZ
St. Lawrence Paper Mills, 6% pfd. (accum.)
St. Regis Paper, $7 preferred (accum.)— _
Y
(quar.)
3-16
4-,l
0^
3-10
"
l;
"7%c
Mines
1
_
1
81
(quar.)—Z—Z
z—Z—_ZZY
3-22
4-
50c
$1
1
9-15 ■;
1
SOC
$1.25
■■
6-15
1
(to"""5
62 %c
Z
1
4-
$1.25
(quar.)__
7-
10-
(quar.)
4-
$1.50
3-10
3-15
ZZZZ""*
■■"
Rudd Manufacturing
:
3-21*
k0
30c
25c
$125
12 %C
(s-a)
5Vi% pfd. (quar.)
Procter & Gamble 8 Y
preferred (quar.)
Prosperity Co., 5% preferred (quar.)
3-21
1
Dome
preferred class A
Roeser & Pendleton
25c
(quar.)—
3-31
4-
preferred
Ohio Match Co.
preferred
(quar.)___ _____
3-10
3-
1
3-30
1
Co.^ Inc., common:.,..
conv. preference (quar.)__——,ZZ-
1
.
4-
50?
4-
25C.
3-21*
$L75
""
__ZZ
70c
4-1
,
1
4-
p°?| pftfole""1' $1-20 Class pref. (accum.)—
Rubinstein (Helena), conv. A (quar.)
'
6-20
$1 75
$1 'n<\
3-18
$1.50
$1.75
"
4-
3-13
±2e
Price Brothers & Co., Ltd.,
4-
Quarterly
iZZZZZZZ ;
bgilyie Flour Mills, common (quar.)—
®,h.io
Water c°rp., 6% pfd. (accum.)_
6(7
2nd
Preston East
4-15
;
;
5%
7
3-31
$1.62%c
$1
$150
$1 75
3-31
25c
(quar.)———_______
8-
Products
-10
4-
;;
$1.25
Mining, Ltd
Car, common
1st preferred
4-25
87%c
4
$2
J$1 25
50C
7V
pfd. (quar.)_
Norwich & Worcester RR„ 8% pfd.
Scotia Light & Power Co. (quar.)
$6
Gold
5%
9-20
12-21
5X'
1
15c
America--———
9-11
40c
Nova
Corp.
Pressed Steel
4-25
Northwestern States Portland Cement (quar.)
Nu-Enamel
Premier
3-14
$125
(quar.)
preferred
3-15
3-17
9-30
12-30
$t 971/,
$1.25
—
1
6-30
I2%c
I2%c
50r
4-
.
.
.
•
Northern.States Power (Minn.)—
.
Avl
40c
PowervCorp. .of Canada, 6% pfd. (quar.)—.
6% 1st preferred (quar.)
Fratt .& Lambert (irregular)
1
1$15Q
Northland Greyhound Lines $6.50 pfd.
of
4-
4-1
2-5-45
3-10
±6c
(quar.)___:
preferred
1
2-15-45
3-10
50c
)_ZZ
(reduced
12%c
3-21
ZZ"
Roberts Public Markets——
1
Co.
-10
3-31
4
1
4-
25c
t8%c
20c
LW*»- 7% pfd. (accum.)
Co.-.
5
4-
Potash
3-24
North
8-
11-
4-
Quarterly,
;■;.
1
soc
ZZ ■'
—
8-15
$1.75
Pond Creek Pocahontas,Co,
7
1
4
Insurance—______
MM& SlkMilS'udY"0" M1US
$2
$1.75
3-10
8-
Y
5
11-15
35c
common__
1
4-
5-
Yi
4-
:
7% preferred (quar;)ZZ—.—>___—
■
1
fi.l»
5%
on
(irregular)
4-
3-24
B
12-15
5-15
Y
Polaris Mining (resumed)—
3-24
^
Fashion Mills,
-10
5-
preferred (quar.)____-____u.____
Rltter
$1.06%
(Hartford)
3- 3
1
prior preferred—
1-1-45
*
1
4-
Class
9-15
35c
Pittsburgh Plate' Glass :;(qua'i.);Z_i--.Z--—.ZZl'
Pittsburgh Sc/ew &, Bolt—
,Z—ZZZZ__
Planters Nut &. Chocolate (quar.)
;Z__«
Plough, Inc. (quar.)____
;
Plume & At wood Mfg. (quar.)_
Y_
Plymouth Oil Co. (quaN)—Y—-_^Z
.
3-20
4-1
>0^
1
Island
Rieke Metal
Common (quar.)
-Z
3-20
''■..4r ■T'1
7l%c
' 75c
____
10-
'
Paper Package
-10
1
preferred
Richman Brothers (quar.)
Richmond Water Works Corp.—
6-15
350
—
.
^4-1
16c
class
Rayon
1
50c
Pittsburgh Bessemer .& Lake Erie RR. (s-a)_ V"
Pittsburgh Coal Co., 6% preferred (accum.)_
Pittsburgh Fort .Wayne & Chicago—
Y 3-17
50C
American
7-
35c
preferred (quar.)__~
4% % preferred (quar.)
Phillips Packing, 5%Y preferred (quar.)___
Pilot Full
4-15
5-
North
•'
Insurances
:
3-15
4-
North American Life Insurance, common
•
3-21
(quar.)
4-
'
3-15
1
5-
1st and 2nd preferred (quar.)
6%
4-
75c
(Nashua, N. H.)
Co.
3-10
50 c
(quar.)_:
Phoenix Insurance
;
1
Y
1
3-30
ExtraYy^Z-Z-ZZZZZZaZZ__-;^^Z^iZuii:Z-;ZZ»:.'
■Pictorial
1
4-
4-
(quar.)
1st and 2nd preferred (quar.)__
Rhode
50c
,,^>4%%
-
Z
:
50c
.
S1 50
_ZZZZZ
25c
(quar.i
quar.—„Z
common
4-
Y
_______
—
Co.,
4-15
Y 4-
(quar.)^^—^_Z-,
preferred
3-10
40c
5% preferred "(quar;)Z.-~Y—ZZ—
Philip Morris & Co., Ltd., common (quar,)__
Yy;sY:'ExtraYzZZ-ZZiZZzZi^Z_.ZZYZ«—
3-24,
3-24
shares held —Y
5% % 1 preferred (quar.)
6% preferred (quar.)^
:
Milk
3-17
:
Z-Z.—
common
2nd
7,o
3-16
3-23
$1
1
3-31
.
50c >:
.
,
7%
7,c
50c
_
4-
Elec. com. for each 100
Pacific Gas
;
4-
$1.40
..
—
4-
;
3-15
Philadelphia Co., $5 preferred (quar.)_
$6 preferred (quar;.)____
Philadelphia Dairy Products. $6 pfd. (quar.i
Philadelphia Electric Co., common (quar.)__
$1 preference common (quar.)_
Philadelphia Electric Power, 8% pfd. (quar.)
Philadelphia National Insurance (s-a)
Philadelphia Suburban Transportation—
si.75
dividend)—one share of
1
——u
Pfeiffer Brewing Co.^—__
North .American Co.—■.
(stock
Y 4-
,
.
'Pfaualer; Co,"—
'VY
Newport News Shipbuilding & Dry Dock—
Common
Telephone,
Peterborugh RR.
35c
' J
Preferred: (quar.)Yi^—: $1 25
Niagara Share Corp., $6 pfd. A (quar.)——Z
$1 50
Niagara Wire Weaving (quar.)
125r
Nicholson; File
(quar.)__
ZZZZ
30c
Noblitt-Sparks Industries
I_H
50C
North American Car Corp., common (quar.)
30c
$S 1st preferred A (quar.)
$1.50
;$6 1st preferred B (quar.)
$150
;
Pipe Line.
-10
4-
$131%
5%% conv. preferred (quar.)_
,■
Reynolds Spring Co
Reynolds (R. j.) Tfibacco-."""""""-'"""1"—
2-19*
t$1.25
(quar.)
Pipe Line—
Gold MinesY(
4V4%
3-15
1
4-
New York Trust Co. (N. Y.) (quar^^ZZZZZ
87%c
Newberry (J. :J.)-Realty 6% pfd, B (quar.)
$1.50
v.'Preferred A (quar.$1.62%
Newport Electric 6% preferred (quar.)
—■
$150
1
.
$1.75
___
3-31
4-
•;preferred■;;(quar.L—Z
Perron
$1.75
..
3-15
4-15
;
3
rHS
-
10c
_____
3-21
4-1
3-31
pfd. (quar.)_
3-31
$1.50
_
3-20
4-
$1.50
1
Jl
:
3-18
_
3-20
3-31
4-
12c
• $1
-niAr
$1 so
40c
__
3-28
$1.50
Granting Annuities (quar.)
>
Pennsylvania Edison Co., $2.80 pfd. (quar.)
$5 preferred (quar.)_'
Pennsylvania Forge Corp. (quar.)___
Pennsylvania Glass Sand, common (quar.)_
5% preferred (quar.)__^__—Z_w
Z—
Pennsylvania Power & Light Co.—
$6" preferred ■ (quar.)^,
ZiZ'Z-^Z_ZZzZz^'-»
$7 preferred (quar.)_—
$5 preferred (quar.)
Pennsylvania Sugar, $5 preferred (quar.)
Pennsylvania Telephone, $2.50 pfd. (quar.)
Pennsylvania Water & Power, com. (quar.)_
$5 preferred (quar.) Z.Y—
(.Peoples Drug ■ Storesy_——y.-_j
—L-Z
Peoples Gas Light & Coke—
Peoples Telephone Corp. (quar.)
Peoria Water Works, 7% preferred (quar.i
Perfect Circle Co.
(quar.)___^
YPerfection Stove (quar.)
Permutit Company (irreg.)—
10-20
4-20
7.<S
(accum.»
3-31
10c
Lives and
7-22
10-30
■
$i.50
$1371/,
pfd
4-15
■
Penney (J, C.) Co.- (quar.)
Pennsylvania Company for
4-21
8-1
25c
50c
(reduced!
Assn., 6%
3-15
—
4-3
1
4-
toe.
(accum.i
3-15
1
$1.25
(quar.).
Common;;(quar,)Z-Yi^—!—1YY—~Z—-ZZ '
$1,40 class A (quar.)
Zz
T$1.40 class A•:(quar.)Z—'
$1.40 class A (quar.)
$1.40 class A (quar.)
4-29
3-31
common
New England Power
1
4-
.Common
3-30 f.
4-15
3-31
New England
4-
25c
(quar.)___«_
(quar.)___
Eastern
Common
■;
4-
-
50c
i
(quar.)_———_
common
3-20
1
;
Car.-—
preferred
Peninsular
50r
.___
4%
3-11
1
' 15c
"I _~Z"~
(accumZ)ZZZZ
ZZZZ
preferred (quar.)
W & Brass, 5%% pfdZTquVrZJZ
7%
prefen-ed (quar.)
Reymer & Brothers, common (irregulari
Common (irregulari
Common (irregular)
ZZZZZZ""""
Common (irregular)
Z~Z
Z
Reynolds Metals, common (irregulari
4-
(quar.)—
Paramount Pictures (quar.)_
Parker Appliance Co. (quar.)
37%c
(irregular)-.ZZZZZZZZZZ~Z
Co.
Corporation,
3-3
4-
30c
12 %c
\
$5.25 1st preferred (quar.)
ZZZZ.Z $1,31 V4
Neisner Brothers, 4%% preferred (quar.)
$1.18%
Nelson Baker & Co. (irregular)
'
15C
Newberry (J. J.) Co. (quar,).:.
ZZZZ."
60c
New Britain Machine (quar.)50.c
Nehi
1
3-16
__
Preferred (quar.)
Pfl0r Preferred (quar.)
Naugatuck
3- 3
4-
'
^
1
4-
9£
Screw & Manufacturing Co.
National Standard
2c
Co.
National Radiator Co
3-31
Paraffine Co.'s, Inc., common—
>
$125
_
Oil
5.6%
4-
50c
50c
35c
35c
l2Voc
$150
_
(quar. i
4-15
A-
sTso
6%
87^0
(quar.
Motor
Panhandle
3-31
4-
preferred
Panhandle Eastern
4-15
2c
~
Co.
National Funding Corp., class A
Class B-, (quar.) _ y __z
National Lead, common
8
3-15
1
3-10*,
5-
'
Service
Page-Hersey Tubes, Ltd.
"""""
Z
'
-.ZZZ.ZZZZZZ ■'
National Enameling
National
6%
Packard
;
4-15
;y =
_
3-
3-27
4-
at 75
50c
75c
12'Ac
Y qoc
convertible preference (quar.)
National Department Stores, com. (quar )_
.
3-27
50c
—'
Lighting Corp.,,$5 pfd.
Pacific Tel &;Tcl,
3-15
3-15
5-15
S3
Quarterly
Quarterly
Quarterly
3-27
3-31
01 Rce.
9k„
_
_
preferred (s-a)
National Electric Welding Machine
3-31
,
Pacific Public
3-31
.
3-28
$1.75'
25c
.
__ZZIIZ"~~"
(quar.T_I_~"I~~
(quar.)..^
National City Lines, class A
4-15
3-30
t50c
f44c
•
50c
75
.i_j_z.ZZZZZZ
Preferred (quar.),
2r
W
National «
Cash Register (quar.)
National Casket Co.,- common.
$1
$1.50
Hoidere
Pay'ble
Share
Republic
.
preferred (quar.)
Indemnity (quar.)^_:
Pacific
3-31
15c
(quar.)
(quar.)
r„
Co., common (quar.)
1st preferred (quar.),,
.7,V«
4-15
12/.30c
.
preferred
•
3-24
Steel Corp., common,
6% prior preferred A (quar.)
^
r
..Extra vY
■;
12-21
i2i/aP
common
National Candy
Y.
(quar.)
When
Hame of Company
ofReo,
3-31
•-Y
7
conv.
Pacific
'
'
(Md.)
Voting, trust' sharesz_-z_.:Z__
National Biscuit Co., commoh,__ZIZIZZZZZZZ
National Bond & Share Corp.
12-28
w
___„____:_ZIIIZIZ~~~~
$3.50
9-21
•
9-28
37%c
$1
-
National
Holder1
When
(quar.).
Pacific Gas & Electric
;
6-15
6-28
ll'to
-
__
_
Nation-Wide Securities Co,
Co.
,New $6 preferred (quar.)
.
3-16
3-2$
:ioc
System, 6%.: preferred (quar.)___
& Brothers (Increased).:
Nash-Kelvinator Corp.
;
*1 c0
?I'cn
' ai'50
_
~~Z;"r
*-J-IlZIIIZ~I
Y_
Corp.
■3-20
»■
Can
Pacific Greyhound Lines—
IF, E.)
Nachman
3-11
4-12
~
-
LJutual Investment Fund (irreg.) ,1
Myers
Pacific Car & Foundry, common——
4-1
4-24
"7
Mutual Chemical Co. of America
Mutual
Pacific
Payable
25c-
3-11
■4-1
Ul
of Company
of Reo*
4-1
$137%
" ~~r"
V Y Name
Payable
onr
!
Murray Corp. of America-.
Murray-Ohio Mfg. Z_Z____.,
Per
ihare
Holder*
When
Y •/:. ^vV.v:"' *p(>f
AA;Y Y, thare
•
Name of Company
-
■
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4267
3-20
'
i
;
-
Per
of Company
hume
Extra.—1
6
Wabash
3-24
$1.25
4-
1
3-10
4-1
3-10
3-31
3-16
1
3-16
SrrC
3-31
4-15
3-31
10c
3-31
3-
4-
1
82VzC
4-
1
3-23
30C
4-
1
3-15
40c
4-
1
25c
4-1
3-21
$3c
4-15
2-25
50c
6-
1
5-15
50c
9-
1
8-15
50c
12-
1
11-15
20c
3-31
3-15
$1.25
5-1
3-17
4-1
Welch
;
•
(irregular)
Common (irregular)
—
————
Tacony-Palmyra Bridge, class A (irreg.) —
t
5% preferred (quar.)—
Taggart Corp., $2.50 preferred (quar.)
Talcott (James) Co., common (quar.)—r—
5Va % participating preferred (quar.)
Tamblyn (G.) Ltd., common (quar.)
"
-
62V2C
4-
1
3-10
Wellington Fund, Inc.
3-31
3-9
10c
4-
1
3-15
50c
4-
1
3-
$1.50
4-
1
3-21
7-15
7-
1
3-29
3-
8*
4-
1
3-15
1
3-10
$7VaC
4-
1
3-
1
Western
1
Western Grocers
1
3-
4-
1
3-21
50c
4-
1
3-21
58V3c
4-
1
3-21
Western
3-31
3-21
Western Tablet &
4-3
3-15
Western
3-31
3-15
1
3-10
1
3-15
Weston
4-
1
3-21
4-1
3-15
$1.50
4-
1
4-
1
3-24
25C
5-15
5-10
25C
8-15
8-10
25c
11-15
'
,
$$1.75
4-15
3-31
25c
3-31
3-15
37 VaC
3-31
3-15
$1.75
3-30
3-
50c
4-1
3-10
3-31
3-20
$1
(quar.)
1
3-
3-
6
50c
Manufacturers—
preferred (quar.)__
—
preferred (quar.)
-
Foil
4-
1
3-13
4-
1
3-15
53C
4-1
3-15
6%
50c
4-
3-15
7%
preferred'(quar.)
preferred (quar,)—
Mfg. Co
3-20
1
3-14
37VaC
4-
5
3-14
50c
——
3-31
$4 non-cum,
3-20
5
3-27
Quarterly
Quarterly
Quarterly
25c
4-15
3-31
30c
4-
1
3-21*
30c
4-
1
3-21"
—
$1.50
3-31
3-30
3-11
50c
4-
1
3-15
4-1
demand de¬
posit accounts, follows:
4-17
3-17
3- 8.
(In millions of dollars)
Decrease (—) Since
4-1.
Loans—total
brokers
10,687
+
1,873
27
+
369
+
1,123
+
607
dealers for pur¬
and
chasing or carrying:
U. S. Government obligations—---.-.
+
98
+
6,396-
*
to
Loans
3-17-43
18
,—
—
and agricultural
loans
103)
1,079
carrying:
Government obligations!
2}
+
616
Other securities
Other loans for purchasing or
U. S.
Other securities
Real estate loans
Loans
banks
to
-
4-5
6-5
9- 5
'
—
Other loans
-
-
Treasury bills
52)
__
635
307
1,083
88
1,228
2J
2
+
—
+
11
+
+
tT. S. bonds
—
——
Obligations guaranteed by U. S. Government
Other securities —————
Reserve with Federal Reserve Banks
Cash In vault————
Balances with domestic
—
banks--——
492
18,073
969
__
749
2,652
1
+
221
8,750
552
+
4-.
4
2,183
76
4'
3.980
+
3,048
4
4,490
,
J,177
-
—"444
—
33
+
663
:
1,083
—
1,459
—,
155
•—
3
4
7,194
14
+
■
78
8,976
indebtedness——
Treasury notes
85
17
———: 3,609
—
Treasury certificates of
3-20
1,031
8
4
540
—
Liabilities-
Time
33,441
6,392
10,480
deposits-adjusted
Demand
deposits
-
U. 8. Government
12-5
12-15
industrial,
Commercial,
2-25
4-15
6-15
9-15
Investments—total
and
3-8-44
3-15-44
52.885
11,432
Assets—
Loans
deposits
Interbank deposits:
Domestic banks —
dividend,
Borrowings
non-residents' tax,
deductible at the source. Non¬
Debits
15% Canadian
to
.
961
7,674
—
4
1,209
108
+
—.
80
-
-
1,056
+
+
117
+
8,650
850
+
2
601
4—
i
44
+
'
14'
except
accounts,
demand deposit accounts
Interbank
and
U.
S.
Gov't
3-15
.
-
summary
Foreign banks
not closed for this
•Transfer books
3-27
40c
(quar.)
A
3-?0
75c
^
tPayaWe in U. S. funds, less
Co.r
reporting member banks, and of debits to
Jamaica Income tax.
xLess 30%
l
:
Dis¬
banks.
of the principal assets and liabilities of
$19,000,000 each in the Clevland and San Francisco
3-22
3- 1
4-1
.
$1.37V$j
„
3-21"
4-1
$1.75
City, $21,000,000 in the Boston District,
000 in New York
3-15
3-15
2-24
3-15
3-15
.3-15
75c
—75c
75c
quarterly
Increased
$64,000,*
Deposits credited to domestic banks increased
3-22
Cement Corp.—-
4-10
4-
reporting member banks was $601,000,000,
decrease at all
tricts, and $117,000,000 at all reporting member
10c
—
—,,—
preferred (quar.),
;
Youngstown Sheet & Tube-r5^% preferred A fquat—-L-.
Zion's Co-operative Mercantile Institution—
4-
Dis¬
the Chicago District, and $663,000,000 at all reporting member banks.
United States Gov¬
ernment deposits declined in all districts and the total
3-18
4-1
4- 1.
4- 1
4- 1
4- 1
4- 1
'4-1
4-1
$1.50
$1.75
—
—
Yosemite Portland
50c
adjusted increased $163,000,000 in
deposits
trict, $107,000,000 in
3-27 *
3-27
3-15
15c
Wright-Hargreaves Mines, Ltd. (reduced)—
Wrisley (A. B.) Co., common,——
6-15
62 VaC
in all districts.
City, $118,000,000 in the San Francisco
New York
3-15
3-11
3- 4
3- 7
3- 7
3-18
3-18
5- 1.
4- 1
3-27
$1.75
$1.50
$6V.»c
20c
3-15
$1.75
preferred (quar.)
International Securities Corp.—
7%
Corp.—
preferred A (quar.)——
preferred B (quar.)
1
(N
Gypsum
United States
——
1
•
(qua
Co.
Guarantee
S.
—
—
(quar.)
7-
_
preferred
1st
$8
U.
T
—-
4-
$2.50
preferred (quar
& Foreign Securi
S.
U.
-—
$1(4
,——-
Class B
7%
r.
Demand
3-20
3-22
3-24
.
Oil (quar.)__—
Yale & Towne
class A
Co.,
6%
50c
Corp.—
partic. prior preference (quar.) —
Fidelity & Guaranty Co. (Bait.) (quar.)
S.
7%
58V3C
1
—-
—
Woodley Petroleum (quar.)
Woodward & Lothrop, common
3-23
.
3-10
Cold Storage
UT S.
;
Extra
3-10
4-15
—--
$1V4
(quar.)
preferred
4%
U.
Wiser
1
3-15
shifts
guaranteed securities, there were large
Increase (+) or
-——
7% preferred (quar.)
Worthington Pump & Machinery
(quar.)_
United Shoe Machinery Corp., com,
•
4-15
4-
a new
in these holdings
5-15
4-29
8-15
7-31
5- 1
4-15
5- 1
4-15
8- 1
7-15
51- •_ 8- 1
7-15
$1.50 11- 1. 10-16
$1 V 11- 1
10-16
$1.75
4- 1
3-25
$1.50'
4-30
4-15
25o
4-1
3-11
15c
4- 1
3-11
10c
3-31
3-15
50c
3-28
3-15
$1.75
3-28
3-16
Quarterly
—
L*-*'.
^. .Extra.—",-;.,—-————
Wisconsin Co., 7# "preferred-(quer.)
Wisconsin Elec. Power, 6% pfd. (quar.)
4-10
i,4-15
1
75c
Canal (quar.)__
Publishers, $2 pfd. (quar.)
United Printers &
S.
Extra
,
United N. J. RR. &
U.
5-
75c
Light & Railways Co.
6%
•
5-15
$37c
United Merchants &
.
3-16
$1.18%
(Del.) —
7%
prior preferred (monthly)
6.36% prior preferred (monthly)_________
6% prior preferred (monthly)
—
5%
1
"-5^-j.-v
United Illuminating
5%
4-
—.—
de¬
in the Chicago District. As a result
issue of Treasury notes in exchange for certain
direct arid
183/4C
183/ie
$1.50
$1
$1.50
—
—
Quarterly
3-23
75c
Extra———
Improvement
Gas
United
3-30
Philadelphia District
clined $48,000,000
of
4-1
4-1
$1,50
$1.75
$1.25
& Co.,
Corp.—•
convertible preferred (quar.)
75c convertible preferred (quar.)__
Winstead Hosiery (quar.)
6
1
75c
$25c
———
75c
3-24
1
4-
:
increased $116,000,000 in
City, $35,000,000 in the
Winters & Crampton
3
4-
preferred (quar.)—
(quar.)
—
$6 preferred—
—
Wilton Railroad
(quar.)
———
Winchendon Electric Light & power (irreg.)
3-24
4-
(stock dividend).
On
or
about May 18 a distribution of
l/20th share of Delaware Power & Light
v
common for each share of U. G. I. held
United
1 ' V
$2
(reduced quar.) __—
United Carbon Co. (quar.).:
———
Uiiited Cigar-Whelan Stores Corp.—.,
$5 preferred (accum.)_
,
United Corps., Ltd., class A (quar.)
United Drug, 4%% preferred (quar.)
United Fuel Investments, Ltd.—
6% preferred A (quar.)—
;
tJnited Fruit Co.
3-
4-
$1.50
$1.75
$1.75
$1.25
($1.25
Government obliga¬
$78,000,000 at all reporting member banks, and
and
3^24
3-15
3-15
3-31
3-31
4- 1
4- 1
4-15
4- 1
$1.75
Wilsil, Ltd.
Wilson
3-22
1
10c
—
——
—
1
4-
$1.50
•—
—
4-
95c
(quar.)
6%
1
75c
—
Drill Co.
Twist
Union
3-20
"
50c
RR. Co., common
preferred (n-a)
,4%
1
Elliott Fisher Co
Common'
11-10
1
4-
Holdings of Treasury bills
New York
3-28
4-1
4- 1
4- 1
4-1
4- 1
Other loans for pur¬
tions declined $52,000,000.
i
•
3-20
4-
$1.75
(George)
in the Chicago District and $13,000,-
chasing or carrying United States
3-15
3-31
4-1
4-15
4- 1
4- 1
$20c
25c:
$1.25
$1
$1.75
(quar.)—
Ltd. (quar.),——
Steel Corp., common
$5 conv. preferred (quar.)
Whitaker Paper Co., common (quar.)
7% preferred (quar.)
——,,
White Rock Mineral Springs—
7% 1st preferred (quar.)
5% 2nd preferred (quar.)
White Villa Grocers, Inc., 6% pfd. (quar.) —
Whitman (Wm,), 7% preferred (quar.)
Wichita Water Co., 7% preferred (quar.) —
Wieboldt Stores, $5 preferred (quar.)——
3-13
$1.50
Co.
$1V4
50c
25c
$1.50.
Wheeling
6 2 Vac
——. -
i.
Union Telegraph, class A
4-
—
(New York)
Union Carbide & Carbon—,
Union Investment Co;, 7.6 %' preferred
—
Stationery," 5% pfd. (quar.)
and
all reporting member banks, and in¬
at
Philadelphia District.
000 in the
3-13
3-15
3-15
4-15
4-15
4-15
$$2
/$1.75
iquar.),,,^—40c
Massachusetts Cos.
4-
Century-Fox Film, common—
Union Pacific
preferred (quar.)
40c
7% pfd. (quar.)
■
—
——
$$1
—
—
Extra
$$1.25
25c
Underwriters Trust
,
Westmoreland. Inc. (quar.),—
Westmoreland Water Co., 6% pfd.
—
——
Ltd., common (quar.)—
4-
41 %C
$25c
creased $15,000,000
8-11
3-15
3-15
50c
/75c
Electric Co.
$$1.75
$1.50 conv. preferred (quar,)—.——:—
Twin City Rapid Transit, 7% pfd. (accum.)_
208 South La Salle Street (quar.)—
.
■
3-15
carrying United States Government; obli¬
or
5-15
8-15
5-15
4-15
4-
.
Rayon Corp., common
Underwood
3-20
Loans to brokers and dealers
declined $117,000,000 in New York City
$103,000,000
3-15
4-
w
Twentieth
5
4-1
purchasing
in¬
for
loans
agricultural
and
industrial,
Commercial,
creased $27,000,000.
8-15
3-31
4- 1 '
3-30
4- 1
4-1
4- 1
4- 1
3-31
decrease of $601,000,000 in
a
United States Government deposits.
5-31
8-31
5-1
increase of $663,000,000 in de¬
an
adjusted and
gations
4- 1
75c
Insurance (quar.)
■7%- preferred (quar.)
Tuckett Tobacco, Ltd.,
——.——
Government;
mand, deposits
3-20
3-18
6- 1
$25c
preferred (monthly)——
Toledo Shipbuilding
Tooke Brothers, Ltd. (initial)
Toronto General insurance (annual)Toronto General Trusts Corp. (quar.)—
Toronto Mortgage Co. (quar.)———
Torrington Co-——
Traders Finance 6% pfd. A (quar.)
Trico Products Corp. (quar.)—
Tri-Continental Corp. S6 pfd. (quar.)
:—
& Light--
holdings of United States Government bonds
States
3-27
3-15
3-18
$$1.75
$5c
1'',:
~
$492,000,and
$969,000,000 in obligations guaranteed by the United
000 in
4-1
$$1.75
18c
25c
$1,459,000,000 in hold¬
ings of Treasury notes, offset by decreases of
5-15
3-27
preferred (quar.)
—• 43%c
7% preferred (quar.)
—
17V2C
West Penn Electric, class A (quar.)
$1.75
West
Texas Utilities, $6 preferred (quar.),,
$1.50
West Virginia Pulp & Paper (irregular)
20c
West Virginia Water Service, $6 pfd. (quar.)
$1,50
Western Assurance Co. (Toronto) (s-a)____
$$1.20
$1.12 Va
preferred (quar.)
——
Toledo Edison Co. 5% pfd. (monthly)-.
6$ preferred (monthly)—————
$1.75
$1.75
*
following; principal changes for the week
15: An increase of
ended March
3-20
4- 1
$1.75
$1.75 conv.
10c
Trust-
4- 1
25c
:
West Michigan Steel
1
50c
General Investm't
$64.75
cities shows the
3-20
3-20
5-15
,
Federal'Reserve System in 101 leading
the
of
banks
I A
3-10
3-15
4-1
preferred (quar.),—
Foundry—
7%
3*
4-
$12 V2C
(irregular)
Snowdrift
West Kootenay Power
30c
— -.—
Oil &
Wesson
4-15
30c
4- 2
4-1
25c
50c
Insurance (s-a)——___
Wellington Fire
7%
Tubize
3-15
$62 VaC
Associated Oil, $4.50 pfd. (quar.)
Tip-Top Tailors Ltd., common (quar.)
Trinity Universal
Quarterly
Quarterly
3-15
3-10
__
common..
$1ol
25c
62»/2c
of weekly reporting member
The condition statement
7-10
4-10
3-31
3-31
3-20
3-22
Grape
1
Tide Water
:
Stores (increased):—
Juice Co.—
7% preferred (quar.)
7% preferred (quar,)
—
—, —
4-15
,
4-20
4-21
4-21
4-1
4- 1
4- i
*" }
4-1
4-1
" \
4-1
3-27
6- 1
6- 1
4- 2
£2C
75c
50c
$1.25
$2.50
$1.50
$1.50
—
——
4-
—.
& Land
Third Canadian
all arrears)
$20o
Corporation
—
Tennessee Products Corp., 8%
pfd. (quar.I.¬
Texas Company (quar.)——
Texas Electric Service $6 pfd. (quar.)—
Texas Water Co., 6% preferred (quar.)
6% preferred (quar.)
—
Oil
1
4-1
4-
10c
68 %c
Tennessee
Texon
1
3-
25c
(quar.)
.
Weinberger Drug
3-10
—
Common
Thew Shovel Co.,
1
68 %c
(quar.) —
Cement class A--
37%c
$1%
$1
$4-50
t$I
15c
. "5c
—
V2%
2-21
Products (quar.)_
Sylvanite Gold Mines (quar.)—
—Syracuse Transit Corp., common (irregular)
Preferred
4-15
25C
12 V2C
Sylvania Electric
v
4-
$$3.25
*
Superior Steel Corp.——-Swift & Co. (increased quar )—
.
5- 1"
8-1
Banks
Condition Statement of Member
of Rec.
Payable
37VaC
preferred (annual)
——
—
Wabasso Cotton, Ltd. (quar.)
Wagner Baking, common v.t.c
—
$3 second preferred (quar.),,—-——
V/o preferred (quar.),
—
Waldorf System (quar.)__
:
Walker & Co., $2.50 Class A (quar.)
Class B (irregular)
—
Ward Baking Co., $7 preferred (accum.)—,
Warren (S. D.) Co. (irregular) _————
Washington Ry. & Elec., 5% pfd. (quar.)—
5% preferred (semi-annual basis)————,
Washington Title Insurance, com. (quar.)—
vv 6%
non-cum. class A* preferred (quar.) ___
Waukesha Motor (quar.)
—
Wayne Pump Co. (quar.) —
Webster Eisenlohr, Ho pfd. (quar.)
7%
preferred (accum.)
(payment clears
4
3-15
3-31
4-1
Railroad Co., common
Holier*
When
'
thare
„
preferred (quar.)
Detinning Co.,
Vulcan
'
(quar.)—,
6% preferred
(quar.)
7%
preferred
6%
3-20
3-22
$1.25
5Va% conv. pfd.
Superior Portland
4-
3-31
25c
Co. (quar.)————
Sunshine Mining
1
3-31
______
—
Sunray Oil Corp.,
5-
43% C
(quar.) ——
(Canada)
(quar.)
Life Assurance
Sun-Glow Industries
6
75c
$5 preferred (quar.)—.
Studebaker Corp. (irregular)———
Sun
4-
20C
Engineering
Products
1
'
Name of Company
Virginian Railway,
5-
J 75c
—
,-i
(quar.)
_—
Sterchi Bros. Stores Inc., 6% 1st pfd. (quar.)
Stix B'aer & Fuller,. 7% preferred <quar.)____
Stokely Brothers, 5% prior pref. (quar.)_—
Strawbridge & Clothier, 5% pfd, (accum.)—
preferred (quar.)
7%
Steel
t
-
of it«o.
Payable
}75c
(quar.)-
Steel Co. of Canada common
Hotter*
vrnen
rer
Share
Monday, March 27, 1944
FINANCIAL CHRONICLE
COMMERCIAL &
THE
$Payftble
Canadian funds, tax
resident tax. 7%.
in
15%:
resident tax,
a Less
during week
British income tax.
13,467
-
U. S. &
U.
prior preferred
7%
Leather,
S.
$1
3-31
3-27
$1.75
4-1
3-10
50c
5-15
4-10
(accum.)^
preferred
1st
$5
(quar,)
(irreg.)
____
Pipe & Foundry, common (quar.)„^.__
Convertible partic. class A
S.
U.
Common
Common
(quar.)
(quar.)
•
Extra
4%%
U.
(qua~i\LIII™
preferred A
-
4-
1
$1.18%
(quar.)
50c
•
3-16
1
4-
\
3-16
;
;
EXCHANGE RATES
FOREIGN
4-20
30c
4-10
4-1
(initial)
preferred
S.
S.
$5
8%
Co.,
62 Vac
,
$2
non-cum.
preferred A (quar.)
6.4 ^
States Trust
United
Universal-Cyclops
Universal Leaf
8%
(quar.)
preferred—
Sugar Corp., $5 preferred (quar.)
preferred (quar.)
Rubber
1
3-16
6-
9
:
Tobacco,
7-
6-10
5-25*
4-
1
3-15
25c
3-31
3-18
3»
(quar.)__
,
$1
5-
1
4-14
$2
common
(quar.)
preferred
Utah-Idaho Sugar,
7-15
$15
:
4- 3*
40c
_
4-15
$1.25
______
_
4-
(quar.)I
15c
5% prior pfd. (quar.)__
(quar.)—
__
(auar.)
1
(quar.)
:
62VzC
60c class A pfd.
"MARCH; 17 TO
Country and Monetary
Unit
1
3-18
3-31
3-24
.
Official
——
—
4-
1
3-22
4Free—-.
62 Vac
7-
1
6-21
10-
2
9-21
1-2-45
12-23
4-1
3-10
(quar.)_
Camp Milk. $4 preferred iouar.)
de
Kamp's
Bakeries
Holland
Van
Van
Bag.
Bakers,
$6.50
6%
$1.50
preferred
-common
preferred
7%
(quar.)
.
Vermont, & Massachusetts
Viau.
Ltd.,
f>%
preferred
__
preferred (s-a)
Victor Chemical Works
Vlc'^k Tool Co.,
7%
„
common.,
;___
.060586*
,051275*
.051275*•
.909090
.909090
.909090
.909090
0-
4 .892421
.892421
.892500
.892500
•t/i; .892500
.572766*
.572766*
.
.572766*
.572766*
.572766*
4.035000
4.035000
.9090n0
.572766*
4.035000
T 4.035000
4.035000
.301215
.301215
.205820
.205820
<
3-10
6-10
6-
9
9-
1
12-
9
12-
1
.205820
.909090
.909090
.909090
.889791
.889791
.890000
.890000
.890000
.890625
1
9-
.205820
.909090
Newfoundland, dollar—
$1.75
.301215
.205820
3.244203
3.244203
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
3.980000
3.980000
Mexico, peso__—.—
3-31
.301215
.301215
.205820
3-10
v,
India (British), rupee
S3
4-
7
3-23
4-
1
3-20
$2.50
4-
1
3-
8
$2.50
4-
1
3-
8
25C
3-31
3-21
IOC
(irregular)
preferred (quar.)_.
I
(s-a)__
.060586*
.051275*
4.035000
England, pound sterling
3-27
$S1.25
(s-a)
(ouar.)
Vicksburg shreveport & Pacific, com
W>
——
—_—__—
$1.75
preferred (quar.)
.060586*
.051275*
.893125
Free
Colombia, peso
$1.62 Va
(quar.)™
.060586*
.051275*
.909090
$1.75
(quar.)
Vapor Car Heating, 7% preferred
.060586*
———
—
3-31:
15c
preferred
7%
—__—.
Official
4-1
Dutch
(irregular)
3.228000
.051275*
Canada, dollar—
62% C
5%
.251247*
.251247*
3.228000
3.228000
■'
.060586*
Brazil, cruzeiro—
Official
————~r—
prior preferred
Valve
$
.297733*
Australia, pound——
prior preferred
prior preferred
62 VaC
3.228000
3.228000
March 23
$
.297733*
.251247*
.251247*
.251247*
.251247*
3.228000
—
March 22
$
.297733*
.297733*
.297733*
.297733*
.
New York
March 21
$
Argentina, peso-
5%
Knitting Co.,
March 20
March 18
March 17'
;
Free—
TARIFF ACT OF 1930 ..V.
,
Rate for Cable Transfers In
Value in United States Money
Noon Buying
5%
Utica
MARCH 23, 1944, INCLUSIVE
5-26
$1.25
(quar.)
(N. Y.)
Co.
Steel
RESERVE BANK TO TREASURY UNDER
3- 4
4-
passed:
CERTIFIED BY FEDERAL
3-20
3-27
the Federal Reserve Bank is now cer¬
the buying rate for cable transfers in the different countries of the
522 of the Tariff Act of 1930,
tifying daily to the Secretary of the Treasury
world. We give below a record for the week just
Printing & Lithograph—
S.
5%
U.
50c
(quar.)
Corp., common
requirements of Section
Pursuant to the
11-29*
$1
V. S, Potash
U.
'I'¬
8-31*
12-20
"40c
■
Plywood
S.
U.
9-20
___
ll. S. Playing Card
;
5-31"
6-20
40c
,
3-31
Official
—-—
Free___.
Union
of
——_—'r
-
New Zealand,
pound——
Africa,
South
Uruguay, peso—
3-31
3-21
Noncontrolled-.
•Nominal
3.980000
IV
rate.
.909090
.909000
pound
.658300*
.658300*
.529540*
Controlled
3-21
$1.75
—
,301215
.529540*
■
.658300*
.658300*
.658300*
.658300*
.529540*
.529540*
'
.529540*
'■
.529540*
[Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4267
Libbey-Owens-Ford Glass Co.—Annual Report—
Statement of Condition of the 12 Federal
further
Decrease
Mar. 15,
19,151,325
14,195
......
,
+
Notes-—
Bonds
1,161,264
_—
;i,
3",250
+
1,444,967
L'.
Net mfg,
175,789
Total
132,349
+0,292,287
12,317,275
Tqtal loans and securities-
+
+
131,286
+
89
+
15,407
Uncollected
Bank
+
Other
assets
—192,841
1,901,171
—
59,189
.
—
9
223
—
Sales
•
15,362
the
SEC
preferred
capitalization;
stockholders
6ft
preferred)
Electric
of
&
Bond
Share
registered
due 1974,
Co.,
$17,000,000 of first mortgage bonds,
competitive
bidding.
together with treasury cash, would be used to retire $17,first mortgage bonds, due
1957, at 102 ft.—V. 159,
of
5ft
profit
sales
gen.
&
on
sell.,
admin,
exps,
$3,527,566
$1,654,407
sales_,
Shipping,
894,373
795,848
27,716
of
Gross
$1,361,813
1940
$1,988,625
1,122,800
$3,153,873
1,829,880
.
2,165,752
$1,323,993
"
•
1
494,177
'l
1941
1942
1943
$4,366,177
2,711,770
—
Cost
3;248,171
3,545,843
2,679,909
3,392,436
575,000
8,150,000
$865,816
453,147
519,362
$1,160,230
54,676
$908,667
20,326
$804,631
19,333
20,939
$1,214,906
50,000
$928,993
$823,965
$481,861
828
35,286
72,285
710,000
475,000
270,000
118,731
$518,678
$290,846
'
3,804,066
2,505,930
$8,821,437
8,757,476
$9,992,766
8,760,370
$100,212
($654,944
$63,961
$1,232,396
$1,55
$0.74
$3.52
Profit .from
5,125,000
$1,850,986
———
surplus—__
Balance,
subsidiary
a
at
Calendar Years—
$18,136,964
1,123,347
1,250,404
$3,940,282
profit
Dividend
Earned per
7ft
that
new
,
404,894
.
ex-,
Net
4,080
—
—
35,012
the
Lynch Corp. (& Sub.)—Annual Report—*
306,215
•>
items
premises
10~572
+
In
65.6ft, and common stockholders would have
interest,—V. 159, p. 843.
,;TT'ft
1,810,683
1,524,527
1,104,432
3,971,923
814,387
taxes.—
profits
cess
revealed
interest
p.
6,344,136
+
136
86,020 '
from
foreign banks—
P., R. notes of other- banks—.
and
income
sold
500,000
1940
adminst.,
deductions—:
Federal
12,242,749
tho
Commission';,
Service
have
7ft
a
with
16
be
Proceeds,
Calendar Years
$5,133,611 $21,314,028 $19,260,311
$12,119,029
general, etc., expenses
for
contracts
Public
the
Louisiana Power & Light Co.—Registers With SEC—
March
to
1941
purchase
•:
company,
27.4ft
a
Company,
company's
$4,029,179 $20,063,624
697,976
adv.,
Other
Due
the
the
22
have
approximately
1943.
1,559,935
profit—— $11,421,053
income
Selling,
636,700
—
i Total U. S. Govt, securities
(incl. guar, sec.)—-.---
for
results
up
before
$5,589,114 $21,588,151 $19,947,647
1,886,977
Other income
5,195,833
1,557,365
+
92,099
37,000
+
•:
■
ftft
+
+
6,751,878
——2,884,640
Bills__i—_
Certificates
in
set
1942
♦Manufacturing profits. $13,308,030
Deprec. on mfg. prop.—
U. S. Govt, securities;
'•
on
been
1943
2,812
—
436
—
refund
a
Income Account for
—1,066,000
+
54,661
627
9,858
v
.
for
has
reserve
into
hearing
the
at
stockholders would
concluded without refund of any profits
were
no
61,407
—
60,794
—
64,668
Industrial loans
statements
236,746
+
9,011
19,766,447
and
company
testimony
would
—1,241,339
84,000
Redemption fund—P. R. notes
278,850
Other cash ft—...336,272
Total reserves
the
by
financial
Discounts and advances
are
the
written
were
and'debentures,
March
on
Tax returns of all years prior to 1941
by the Treasury Department, and no
anticipated. ft-ft-'ft-; ftft-;:
ft
closed
thereon
liabilities
renegotiation proceedings
Mar. 24, '43
*44
Cold certificates on hand and
U. S. Treasury
and
In
earnings for 1943 are subject to provisions of the Renegotiation
Act.
Renegotiation proceedings on 1943 operations are now in progress
and therefore the results cannot be included in this report.
For 1942,
(—) Since
due from
bonds
Net
Increase ( +) or
Mar, 22, '44
to $3,392,436.
examined
beeen
have
(In thousands of dollars)
Assets—,
amounted
value,
which
dividends
ftift
Company's Federal tax liability for 1943, Including normal and sur¬
tax on taxable
income and excess profits taxes on declared capital
Reserve Banks Combined
1287
share
Other income
—
Total
_______
Other
charges
Prov,
for
&
$3.97
-
opers
________
Fed.
income
profs, taxes
excess
$460,922
'
Total
assets
♦After deducting materials used, labor, manufacturing expenses and
adjustments of inventories. (Deficit.
34,165,250
—.
-
Balance
Liabilities—
Federal Reserve notes
17,429,372
+4,821,686
61,732
12,405,072
.
—299,644
Member bank— reserve acct.-
—
———.
494,994
1,542,951
-—
——.
350,170
——
14,793,187
availability items—.
1,496,422
U. S. Treasurer —gen. accts..
Foreign
Other
Total deposits
Deferred
—
+
2,619
+
+
+
208,709
206
7,479
Incl. accrd. divs«
+5,547,182
-112,694
33,726,460
Total liabilities
Capital Accounts-
Capital paid
in————.
Surplus (Section 7)
Surplus (Section 13b)——
Other capital Accounts———.
+
Ratio of total res. to deposit &
—.
.
taxes
+
$119,692;
accrued,
Federal
of
plant
for Calendar
investment News
(Continued from page 1252)
;
'
;
'
,
*
•
'
1943
Advafe—
/
°
"■1
'
u.
securities
receivable (less reserves).
l"eta""rPd'":t5 °" *"""*
Government
S.
Accounts
cost)
(at
—
'
_
Amortiz.
;
' -v
and
leaseholds
■
j
^3,869,962
Net
23,420,972
Other
-
l,9U2,bbi
14,706,940
————
14,398,628
unexpended and amount receiv¬
the Government under cost-plus-
of
______
depletion
and
Fed.
from
fixed-fee contract
j.568,339
—
Special cash funds and deposits.—
—
Investment in partly-owned affiliated corporations and other investments
—
•Post-war Federal excess profits tax credit——
Deferred charges to future operations
—
"Mining properties, railroads, steamships, etc—
——
Total
—
—
-
5,531,681
$5,506,353
1,393,084
$4,831,277
1,394,020
718,053
511,651
—V.
Interest and debt discount and exps.
231,559
165,487
*1,713,751
*1,780,819
,
.
deductions
Previous
and excess prof, taxes
Reserve
for
Other
reserves
714,580
637,656
17.794,084
—
______
capital
surplus —
—
Consolidated earned surplus———
Total
—-
—
deducting
2,390,506
16,000,000
1,560,710
53,199,636
contingencies
Capita!
♦After
3,140,323
1,461,498
53,199,635
reserves
for
—
190,914,923 190,914,923
154,030,739 141,529,406
489,773,612 469,549,901
-
depreciation of $123,811,475 in 1943
$116,373,538 in 1942,
158, p. 2253.
-(Represented by 10,821,653 shares, no par
Keystone Custodian
Funds, Inc.—Registers With SEC
and
value.—V.
has registered with the Securities and Exchange Com¬
100 000 shares of investment trust, full certificates of partici¬
mission
to
$1,993,803
$1,585,887
$3.17
$2iQ4
$2.25
V.
p.
Balance Sheet,
Hoppers
Co.-T-Hearings Postponed—
postponed March 16 until April 4 consolidated proceedings
on
applications for exemptions from provisions of the Holding Com¬
pany Act filed by the Koppers United Co., the Koppers Co., Fuel In¬
vestment Associates, and Eastern Gas & Fuel Associates.
The healing
previously was scheduled for
Vvi'
:;V
The
-1
'
Lehigh Coal &
reserve
for
contingencies,
*' Vr
ftftv.
Hi"''.i'
■
"■
A.
R.
:
,'-7 V-.
l4
*
Navigation Co.—Annual Meeting—
proposal of Garrard B. Winston to abolish election of classified
and substitute elections to the board for one year terms re¬
support on March 21 of a stockholders' committee headed by
Roberts, holder of 44,100 shares, and including H. L. West, holder
'
At present one-quarter of the board is elected each year, and plural
voting provisions of Pennsylvania laws prevail, as a result of which
*'it takes at least four years for a majority of stockholders to obtain
majority representation on the board," according to Mr. Winston.
The committee is soliciting proxies for the annual meeting March 28
in opposition to management and in support of the change in the
election of directors.
Mr, Winston and associates represent an addi¬
of
3,700 shares.
tional
52,000
The
value
"
...
J
,
shares.
is making no objection to a proposal to change the par
company's stock from no par to $10 per share.
Proxy
states that the committee hopes to report soon on possible
group
of
material
the
Part of the prob¬
hinges on the future status of Lehigh & Sus¬
quehanna RR., owned by the company, which some interests believe
should and may become a part of a reorganized Central Railroad of
New Jersey, the present lessee.—V. 159, p. 639,
cash realization from some of the company's
lem
of
cash
realization
assets.
common
stock
449.
Loew's Inc.—Earnings—
Nov. 25, '43 Nov. 26, '42
Reserve for contingencies.—
Reserve for depreciation.
for
—
profit
share
Federal
taxes
Company's share net profit—
Earnings per common share
♦After
—
$7,449,332
1,000,000
760,617
$7,392,457
1,000,000
742,040
—
$5,688,715
$5,650,417
.'—2,891,854
3,201,361
—
subsidiaries'
—
$2,796,861
$1.67
$2,449,056
$1.47
preferred dividends.—V. 159, p. 449.
Long Island Lighting Co.—To Vote on Plan—
directors
ceived
$150,000;
directors
March
on
stock,
special meeting to be held April 25 will vote
approving a recapitalization plan.
It requires approval by holders
at least two-thirds of each class of stock outstanding.
: :
The
on
of
stockholders
at
declared
16
$10,
par
the 6ft
on
share
a
846,011*
$2,400,673
$2,481,422
dividend
a
cents per share
of 35
the usual
and
preferred stock,
par
Publications, Inc.—Plans Recapitalization
Dec.
on
debenture bonds and
31. will receive $50 in 6ft
participating preference stock for each share outstanding.
will receive an equal number
Stockholders
1943
dividend
Company's
ft)38,314
983,399
Dredging Co.—Halves Dividend—
plan,
of
being requested
are
and
a
to exercise proxies in favor of the
majorities of owners
of directors will call
upon receiving evidence that sufficient
class of stock have approved it the board
each
separate special meetings of stockholders of Macfadden Publications,
Inc., and Constructive Sales Corp., a wholly-owned subsidiary, to effect
a
merger of the two companies and to ratify the proposed changes in
capitalization.
The
and
will
interest, will bring
debentures, bearing 6ft
new
per annum
return of $3
a
the face value to be exchanged for each preferred share,
on
in
retroactively from
July 1, 1943.
The new preference stock will be entitled to dividends of
$1.50 annually, accruing from Jan. 1, 1943, and will participate in any
distribution of earnings to the common stock to the extent of receiving
the same amount per share as paid upon each share of common stock.
The
preference dividends will be cumulative to the extent earned
annually.
The
mature
shares
new
1968.
of
with
common
interest
stock
to
will
accrue
have
book
a
value
of
$10.52
each
according to the balance sheet of Dec. 31," 1943, if "goodwill and
trademarks," carried at $5,500,000, are included, according to the letter.
; Total assets are $9,537,126.
The plan, however, would eliminate the
earned surplus deficit of $2,078,344 and
satisfy arrears on the pre¬
ferred stock, at the same time reducing charges ahead of the common
stock by more than $100,000 upon effectuation of the plan, the letter
says,—V. 158, p. 488,
Mack Trucks, Inc.—Earningscalendar Years—
Net
♦3,073,088
(1.575,432
$5.14
—
$2.63
Earnings per common share___„~___—
♦After
1942
1943
_____$124,681,U3 $91,874,750
sales
Net income
March 21.—V. 159, p. 110.
ft*■■;*.':'.V'
Dec. 31,
12 Weeks Ended—
Reserve
338,314
..
.
Holders of 272,126 no par common shares
of $1 par value shares.
shares), $7,609,884; earned surplus ($1,186,244 not
distribution), $2,953,635; total, $19,537,417.—
par
♦Company's share operating profit——
The SEC
__________
—.ft—_____
share of
one
hand and in banks, $2,463,140; U. S.
on
$5,000,000;
159,
750,000
■
—
surplus
share
$43.50
$1,250; accounts payable, $1,318,150; ac¬
crued payrolls, $113,791; accrued taxes (less U. S. treasury tax notes,
series C, of $1,010,600), $1,519,889; accrued interest, $84,476; funded
debt sinking fund payment due within one year, $400,000; advances
under Government contracts (less disbursements for which reimburse¬
ment
has not
been received,
net, of $113,658), $386,342; long-term
for
in
paid
O. J. Elder, President, on March 17 informed stockholders of a pro¬
posed plan of recapitalization under which holders of 68,008 shares of
$6 cumulative preferred stock, on which dividends in arrears totaled
Liabilities—Notes payable,
no
and
Wipe Out Dividend Arrearages—Consolidation Pro¬
posed—
savings bonds,
$99,974; notes and accounts receivable (less reserve for doubtful notes
and accounts of $100,000),
$1,429,723; inventories, $2,943,459; cash
value of insurance on life of officer, $178,744; cash in banks, U. S.
Govt, funds, $386,342; investments and advances, $221,971; fixed-assets
(less reserves for depreciation and depletion of $13,755,380);v:.$U,420,494; deferred charges, $393,571; total, $19,537,417.
j (t>
v
(435,806
384,420
to
$1,448,623 in 1942 and $1,199,925 in 1943 for Federal excess
(On 4l/2ft debentures redeemed prior to maturity, less
taxes relative thereto.
(The 1942 figures have been
show a net income of $904,553, or $2.08 per share on out¬
Consolidated
available
76,117
750,000 ft
at organization
Macfadden
$2,020,953
435,066
exps.
share.—————
Assets—Cash
The offering will be made at market and the
investment.—V. 159, p. 737.
series S-3.
proceeds will be for
pation,
&
standing stock.
debt,
The company
disct.
taxes.
revised
39,394
fjftlft;.;.,V,.;v
(less
taxes
_•
-
$123,282
: 68,591
,___*
profits
quarterly dividend of $1.50
$100, both payable April 15
to holders of record March 31,
On Jan. 15, last, a distribution of 50
cents
per share was made on the common stock.
Payments on the
Junior issue during 1943 were as follows:
Jan, 15, 60 cents, and
April 15,; July 15 and Oct, 15, 35 cents each.—V. 158, p. 2582,
$189,542 Federal
:
insurance
for
(Stated
50,528,297
1,568,339
8,499.532
4,603,543
48.527,623
1,785,577
etc.
excess
contingencies^—85,000
for
provided
common
per
796,342
$2,473,345
435,082
44,460
$3,388,725
(cash)
surplus
♦Includes
profits
11,504,924
4,817,058
payable
Treatment, refining & delivery charges accrued
Provision for taxes accrued—
—Accounts pay. under cost-plus-fixed-fee contract
Distributions withheld from foreign stockholders under Federal regulations
,—
&
Mac Andrews & Forbes Co.—-35-Cent Common Di v.—
on
$979,830
1,041,123
$2,953,635
unamort.
Earned
($887,458
1,585,887*
435,090
_______
paid
&
Earnings per
489,773,612 469,549,901
Liabilities
Reserve
surplus
(Prem.
2,681,145
$1,377,826
2,010,899
year
Total
22,213,090 -6,369,313
210,17o,818 209,375,519
Accounts
,
the
for
Dividends
^5,172,702
inc.
159, p. 449.
The
.
$2,481,422
$99,252
,
dividend of I2V2 cents per share has been declared on the.no pa?
common
stock, payable April 15 to holders of record April 1.
Distributions of 25 cents each were made on April 1, July 1, Oct. 1 and
Dec. 29r last year.—V. 158, p. 2382.
87,402
4,746,430
l
21,249
A
$2,001,712
223,657
1,883
income
593,223
•
value
$1,914,310
63,052
Net
192,677
559,769
■-•■1
21,316
Total
272,388
$2,925,607
$2,988,659
293,665
26,717
—
231,393
i
-
Treasury tax notes)
stock
since
Earned
$3,654,139
1,467,441
93,406
1,785,577
;
S.
Surplus
Cash advances
able
for
Reserve
$3,488,624
Prov. for inc.
assets—
$2,400,673
payable —!
"wages, taxes,
Capital
u
Other
other
&
:
Accrued
surplus,
$3,395,217
income
Gross
insur.
Liabilities-
other
income
operating
income.
life
McWiliiams
retirements
82,061,692
1.406,968
,
supplies—
n
Depreciation
25,360,220 :25,319,044 '
'
and
Materials
1942
•
$
86.927,313
87,952,086
25,135,787
and in transit
concentrates on hand
Ore and
' *•' "Y
_
of
(less reserves)
charges
Accounts
before prov. for
extinguishments
capital
968,466
._
Net oper. income
Consolidated Balance Sheet, Dec. 3t
"Czsh_ 1
and
sales
470,322
763,208
(net)
Total
operating
of
Cost
357,744
88,000
receivables
;
Deferred
income—$19,739,025 $16,499,002 $14,973,092
services
12,057,695
9,634,223
9,077,617
Transportation and selling exps
1,468,487
1,370,839
1,514,032
General and administrative exps.__
403,569
-350,017
408,127
Taxes, other than income taxes
302,919
312,645
319,178
Gross
value
Properties
income
$147,478
______
Surrender
-
and
General1 Gorporalion
accounts
and
1942
$467,242
securities
Patents
1941
1942
$1,94
Inventory
Years
1943
$3.46
1943
Government
Notes
(& Subs.)—Earnings—-
Income Statement
$3.02
;
—
S.
U.
Lion Oil Refining Co.
.
*$67
:
Res.
earned
par shares),
$15,930,344; capital surplus, $8,023,191;
$16,864,238; total, $52,572,622.—V. 159, b. 217.
2,532
$3.03
;
'
,
$218,738
Assets—
U,
for rebuilding furnaces, $1,563,499; reserve for
facilities, $200,000; common stock (2,548,855 no
reserve
restoration
16.2ft
—
369
outstand.
•
$153,222
$154,961
paid—
share
on
per
290,912
'
.
Cash
taxes, year ended Dec. 31, 1943, est. (less U. S. Treasury notes, tax
series,
of $1,359,622), $2,032,814; reserve for general contingencies,
5,580,405
—
royalties
$323,626;
accrued,
profit
299,940
Comparative Balance Sheet, Dee. 31
Liabilities—Accounts payable, $3,954,742; State, local and capital stock
4,221
—
.3 ft
;
+
.9,231
trial loans-,——r--~-v
♦Loss.
$3,560,515;
61.3ft
liabilities combined.
Commitments to make Indus¬
F. R. note
~606
+
—112,009
34,165,250
ftft'
T t
Total liabilities & cap. accts,
stock
net
$453,164 ;
299,942
299,944
divs.
over
plan, $27,455; manufacturing properties, etc. (net), $14,710,520; gas
properties, net, $930,409; deferred charges, $842,126; total, $52,572,662,
27,686
136
+
$454,905
of
Earned
9,622
+
79
+
156,533
188,097
26,965
.67,195
ft
•
to
_______
421,085;
1,358
—
of $727,628),
and replacement fund (cash on deposit, $13,110, U. S.
securities, at cost, quoted market $10,429,771), $10,investments in other corporations, $530,521;
sundry > de¬
posits, mortgages and other receivables, $462,925; depreciated cost of
other real estate and equipment, $113,824; notes and accounts receiv¬
able from employees ($54,842 secured), $89,113; estimated post-war
refund of excess profits tax applicable to acquired corporations, $104,577; sundry investments, $13,329; stock subscriptions, employee stock
518,145
+
89,642
+
reserve
(at lower of cost or market), $10,870,580; plant
improvement
64,890
—140,398
(less
carried
paid
Excess
Government
643,269
31,657
'+
—
$284,374; trade receivables
$4,858,796; inventories
489,283
—
Other, liabs.,
679,297
—
418.324
+
profit
surplus
Assets—Cash, $8,299,917; U. S. Government securities, at cost (quoted
market $284,446),
Deposits:
Net
Dividends
Sheet, Dec, 31, 1943
and $500,000 for post-war reserve.
(After reserves of $1,000,000 for post-war
adjustment and $500,000 for frozen inventory, and after adjustment
for renegotiation
making provision for $1,000,000
for renegotiation for 1942.
The provision of $1,000,000
made in 1943 in view of possible rene¬
gotiation has been computed on the general basis used in the renego¬
tiation
for
settlement
after
1942,
giving
effect
to
the
repricing
in
,
The
plan,
announced, is expected to give the company an
of $10,640,300 to be used solely to make such adjust¬
company's books as may be determined by the directors
is
it
unearned surplus
ments
on
the
York Public Service Commission; bring
resumption of preferred dividends within the immediate future; advance
the date for possible clearing away of arrearages which will aggre¬
gate $43.75 and $37.50 a share, respectively, on 7ft and 6% preferred
stocks on July" 1, next; give preferred stockholders voting rights and
place them in a position to share in dividends over and above dividend
requirements on the stock, plus accumulations, and preserve for present
common stockholders
an interest in the company's reduced capital¬
and
approved
by
the
New
The
the
waive,
Mack
points out, also, that all insurance company holders
company's first mortgage bonds and debentures have agreed to
on approval of the plan, the dividend restrictions on common
company
completed for a V-loan providing
revolving credit of $50,000,000 of which $25,000,000 has
1943
During
with
a
negotiations
been borrowed.
The
assets
with
of
were
:ft;'";'ftr'
consolidated
sheet
balance
$69,788,268
and
current
ft'ftftft
as
of
31,
Dec.
liabilities
of
1943,
current
compared
shows
$40,967,582,
$55,912,702 and $27,179,098, respectively, a year earlier.
Personnel Director—
Appointment
of
Joseph
Manufacturing Corp.
dent
ization.
of
1943.
of
executive
Mr.
for
Mack
offices
Meade was
Sheffield
was
Trucks,
in
T.
Meade
as
Personnel
Director
of
Mack
announced last week by C. T. Ruhf, Presi¬
Mr. Meade will be located in the Mack
Inc.
the
Empire State Building
in New York
City.
formerly personnel and industrial relations Manager
Farms
Co.,
Inc.—V.
159,
p.
449.
This net income includes an estimated amount
refunds of 1943 excess profits taxes. "*•
These
equivalent, after preferred stock dividends of
$229,050, to $4.31 per share on 621,900 shares of common stock outfrom
sales
record
::
made the proposal last
The board
,•
■■■''>*
,
'
.
..
J
month and announced it
contem¬
authorized, as a divi¬
of preferred for each
If the stock dividend is made., it was
rate on the common probably would
plated issuing 165,607 of the preferred shares, if
dend on common stock in the ratio of one share
10 shares of common stock held.
announced the quarterly dividend
cents.
40 cents from 50
be lowered to
-
t
$300,000 of Debentures—
.-.
The corporation has called for redemption as of May 1, 1944 through
operation of the sinking fund, a total of $300,000 of 10-year 2V2 'A
sinking fund debentures due May 1, 1952, at par and int.
Payment
•will be made at the office of J. P.; Morgan & Co., Incorporated, trustee,
23 Wall St., New York, N. Y.—V. 159, p. 844.
To Retire
;
Magma Copper
CoaSt-Jndystrial
,
Co.—New Director—
Philip Kraft, a mining
director.—V. 159, p. 738.
Monsanto Chemical Co.—Enters West
for 1943 were
r
has set May 23 for a special meeting of stockholders
April 14 to vote on a proposed authorization of 500.000
VA io $100 par preferred stock.
This stock would be callable
107Va.
Machine Co.—Sale—>
&
/See Superior. Tool & Die Co. below.—V. 158, p. 186C
>: / /i-'
$68,340 after deducting $12,000,000 of volun¬ /Field—■
A contract was signed on March 13 in Seattle, Wash., by which this
tary refunds made In 1943.
This sales volume compares with $41,company
will acquire I. F. LaUcks, Inc.,. of Seattle, manufacturing
372,912 as reported for 1942 but without giving effect to renegotiation
chemists and a leading producer of plywood glues.
The transaction
refunds for either year.
:
,
.
was
announced jointly in St". .LoUis by. Charles Belknap, President of
Renegotiation clearances for the year 1943 have not yet been
Monsanto, and in Seattle by H. P. Banks, Vice-President and Geftqral
obtained.
During 1943, the company, taking into consideration its
Manager of I. F. Laucks, Inc.
greatly increased volume and increased experience and efficiency in
The announcement further goes on to
say:
war work, made substantial voluntary refunds and price reductions to
the Government.
Effect has been given to these voluntary refunds and
"Through this transaction Monsanto will acquire the two Laucks
price reductions in the financial statements, with the result that the
plants in Seattle and mother ;, company- interests at Vancouver, B. C.,
rate of profit realized by the company on its 1943 renegotiate sales
Los Angeles, Portsmouth, Vavl Lockport, N. Y., Stanbridge, Que., and
is approximately the same as the rate allowed on its 1942 renegotiate
interests which Laucks holds in companies in Australia and Sweden,.
sales under its renegotiation settlements for 1942.
If any additional
Since its founding
in. 1920 the company has experienced a steady
refunds'are required of the company for 1943 they will be charged
growth based on original research and development of industrial glues,
(less applicable Federal excess profits taxes) to the reserve set aside
beginning with the development of their soybean glues and continuing
through provision for contingencies arising from war conditions. •
down to the present synthetic resin glues as used in the manufacture
of plywood.
In addition,: the company has developed a line of paints
V-Loan—Included in the consolidated balance sheet liabilities is the
.and wood preservatives.
sum of $15,000,000 representing
the full amount of a bank credit the
"The acquisition of Laucks marks: the entry of Monsanto1 into the
company has negotiated through a Government regulation V-loan, to
Pacific Coast manufacturing field.
Founded in 1901 in St. Louis by
help finance the company's large war production program. This bank
the late John F. Queerty, Monsanto manufactures more than 300 comcredit is available, in amounts from time to time as required by the
modifies in the pharmameutical, plastics and heavy chemical fields.
company, until Dec. 31, 1945/ While this V-Loan provides considerable
Monsanto owns or operates 19 plants in the United States and has
protection to company at the time of termination of contracts, through
a
foreign operations in England, Wales, Canada, Australia, and Brazil.
provision that maturity is suspended and interest waived on the
Its
domestic operations include plants at St. Louis,
Monsanto, 111.,
portion of the loan represented by terminated contracts until final
settlement of the contracts has been reached, attention of stockholders
Anniston, Ala., Monsanto, Tenn., Springfield and Everett, Mass., Day¬
is directed'to the Increased financial risks; which must be assumed
ton, Ohio, Trenton, Mich., Camden, N. J;, Norfolk, Va., Nitro, W. Va.,
'Carondelet, MO.; Texas'City and Karriack - Texas.
'
by a corporation engaging in war production.
"In addition to its plant operations; Monsanto has six research lab*
Consolidated Income Account (incl. Domestic and Canadian;Subs.)
oratories from which many of its new products have sprung' and in
Calendar Years—
1943
1942
1941
which it has found new uses, for old products.
The Central Research
Net sales
$68,340,590*$41,372,912 $24,257,811. Laboratories are located at Dayton,' Ohio, with divisional research
Cost of goods sold and oper. exps.__
54,434,959 23,702,210 16,227,472
laboratories situated in" St. Louis, Springfield and Everett, Mass., Nitro,
W. Va., and Anniston, Ala.
Depr. and amort, of plant & equip.
1,103,344
624,220
583,247
Analytical laboratories are maintained at
S'^et"ales
company
shares of
Collett
Modern
,
'
in post-war
earnings were
Preferred Stock
Inc.—To Vote on
(R. H.) Macy & Co.,
The
conditions.
war
of $786,000
the President, with
has been made Assistant to
Chaney
W.
Howard
Official—
Petroleum Corp.—New
headquarters at Los Angeles.
He formerly was advertising and
promotion manager of the Lockheed Aircraft Corp.—V. 159, p. 9.
at
Marcfi 27/ 1944
4-
Macmillan
of
Monday,
COMMERCIAL & FINANCIAL CHRONICLE
THE
1288
.
been elected a
engineer and geologist, has
1
Car Co.—Final Accounting—
Otto J. Peucht, Archie A, Anderson and Homer H. Davidson, trustees
designated under this company's plan of reorganization, have informed
holders of certificates of interest in trusteed assets that they have pre¬
sented and filed the final accounting, audited by Geo. S. Olive & Co.
The final audit reveals that there is available for a final dividend
an amount equal to 1.205%
of the original amounts of the certificates,
now
in
the Fletcher Trust Coof Indianapolis, disbursing agent,
Marmon Motor
-
.
,
all
V. 144, p. 284.
profit from operations
Net
renegot. of U. S. Govt. contracts-
taxes
pared with $8,533,975 in 1942.
The principal cause of the decline in sales at retail from the pre¬
high level, it was explained in the letter signed jointly by
J.
Franklin McElwain, Chairman of the board, and Ward Melville,
President, was the military induction of a large percentage of the
buyers of the company's principal product.
Other causes were the
closing of 23 stores, the Governmental limitation of styles necessary
to the successful prosecution of the war, and shoe rationing.
$2,868,008
6,334,460
$9,243,312
——
—-
_
—.
dividends—-
•
—_——
$8,089,103
5,221,095
122,800
122,800
106,250
\ 1,554,750
31—
Total income
Net
•
—.
!
—
155,945
income™.
.....
Normal income
Net
-
profits
^Excess
to U.
fRefund
709,862
....
dividends
<
...
dividends..1
$2,452,069
460,851
1,854,286
$78,875
deducting
"After
$2.29
$5,221,095
914,530
" 891,990
.
S. Government
Consolidated Balance Sheet, Dec.
tl.
securities, at cost.
S. Government
U; S.
*
1943
and on hand.
banks
Cash in
Treasury
,
notes
tax
Accounts receivable
j.
Inventories
Investments
....
......
,
assets
tFixed
—
457,559
849,689
Total
Provision
1,066,114
58,750
....
910,719
88,105
2,412,040
war bond deductions....
for Federal income taxes..
Employees'
5,350,000
managers' security deposits and deposits
Store
'
115,723
on; leases
Reserve
Reserves for store front replacements.
Reserve for
5%
stock (par $1)
surplus
.—..
Earned surplus
1
Common
927,162
228,334
5,589,013
...
—_____——
Total
—
-
$9,244 in 1943 and
$11,572 in 1942. tAfter deducting reserves for depreciation and amor¬
tization of $5,493,276 in 1943 and $5,077,313 in 1942.—V. 159, p. 1148;
(The) Mengel Co.—Ships 10,000 Huge Crates—
Ten
thousand
huge boxes, or crates, used for shipment of the
Fighter planes to the world's battlefields, have already
completed by this company in its Louisville, Ky., plant normally
famous
been
P-40
devoted
in
used
of furniture
manufacture
to
announced
March
on
this
15.
Fifty
and
million
ether
feet
wood
of
159,
have
p.
was
been
Curtiss-Wrieht's
vvlIB"l's
•
invitation
been
sent out
its
at
office,
Standard
Detroit,
Mich., up to 11
159, p. 937,
a.
(War) Time, on March 27.—V.
renegotiation
is
to
reduce
consolidated
the
as
reported
therefor
in
1942,
the effect would have
been
to
decrease
previously reported 1942 earnings from $2,868,008 to $2,548 013
to $3.78 per share of common stock of the company'
'
income
carried
to
surplus for
duction of the $319,995 as a result of
and after depreciation
601,138
scrip
or
for
taxes
on
1943 was $2,908,852, after a de¬
settlement of 1942 renegotiation
and other reserves,
income
and
including provisions of $9
$425,000
for
contingencies
-
arising
83,194,958
10,640,820
935,709
52,743,902
6,257,866
379,303
11,426,325
11,576,529
6,637,168
404,740
990,284
for
§499/592
...
.——
income
117,257,632
taxes./....!.
526,942
1,200,000
300,000
contingencies^.........-
charges
Provision
'
t6,950,000
l,65278p
3,136,652 13,257,446
2,035,000
2,035,000
$2.13
$1.93
$2.00TAfter deducting depreciation on plant and equipment amounting to
$1,511,102 in 1943,'$1,592,931 in 1942 and $1,209,266 in 1941.-, tEstimated excess profits tax $3,600,000 after deducting post-war credit of
excess profits in the amount of $400,000 of which $240,000 was applied
to
debt
retirement.- tlncluding profits
of the consolidated foreign
companies and branches amounting to $096,768, after foreign exchange
conversion adjustments.' §This item arrived at as follows/ Reserve
provided for foreign contingencies, etc., $2,442,268; less credit d£
$1,200,000 being release of reserve for contingencies charged against
1941 income and $742,676' adjustment' of 1941 Federal income taxes
resulting from foreign write offs, leaving balance of $499,592.
Slncludes
normal and surtax of SI,387,900;
excess profits tax
(aftOr
deducting post-war credit of $566,300 applied to debt retirement),
$5,096,660; and foreign income tax (est.) of $773,132.
Net income
Dividends
3,463,953
2,010,000
1
....
....
Earnings per common share.
Consolidated Balance Sheet, Dec,
%
Assets—*
Cash
.
,
bank
in
Accounts
hand,
and on
U. S. Treasury notes,
1942
$5,863,623
3,179,000
tax series
(less reserves)
$13,240,335
5,500,000
—
13,756,616-
16,399,531
13,347,853
receivable
15,889,056
525,293
465,315
6,443,497
1,108,497
6,908,342
868,074
11,185,474
1
11,683,006
1
Prepaid expenses
...
—.
Net assets of foreign cos. and branches
.Other
31
1943
*
——....—
Inventories
(less
assets
reserves)
"Property plant and equipment...
—
Patents, good-will & other intang.
for fractional interest in the general
income) due Dec. 1, 1996, may surrender
certificates
attached thereto.—V. 159, p. 937.
coupons
assets—.—
$62,786,566 $63,576,948
Total
Liabilities—
Accounts
"Accrued
have
p.
and
been
called
for
450.
.
Missouri-Kansas Pipe
Line Co.
—
}
Earned
:-
Total
Leahy- at Wilmington, Del.,
petition for temporary injunction and dissolved a
temporary order issued on March 9 restraining the company and three
of its officers from using corporate funds to pay professional solicitors
United
18
denied
seeking proxies
/.
District
States
Judge
shareholders.
•
Richard Hand of New York, attorney who filed the petition on be*
of a stockholders' committee, served formal notice of appeal to
Court.—V.
—
...:
surplus
—
—
—
—V.
158, p. 2583.
V
407,000
481,691
$62,786,566 $63,576,948
in 1943 and $7,282,553 in
shares of no par value.
•'
.
Paul
half
the Third Circuit
Z
payable .....
deposits /..
1942.
National Power & Light
a
from
5,400,000
4,420,634
24,420,000
5,662,066
7,807,436
—.
"Less-depreciation reserves of $7,408,809
tRepresented by 1,628,000 common
Restraining Order
Dissolved—Petitioner Announces Appeal—
March
,8,496.498
402,000
255,798
3,600,000
4,307.317
24,420,000
5,662,066
7,555,420
sundry accruals
sinking fund debs, due 1953
Reserves/ foreign & gen'l & contingencies/..—
Capital stock
;
Capital surplus -Z_/^—Z_'_
Payment
interest.
$6,481,623
and
war
15-year
redemption as of June 1, 1944, a total
3%% coupon bonds dated June 1, 1936, at.
will be made at the First Trust Co. of
Paul, trustee, First National Bank Building, St. Paul, Minn.—V. 159,
There
of
Customers'
Ry.—Bonds Called—
Minnesota Transfer
$5,512,461
including provision for renegocontracts./—.:
—11,071,504
payable
taxes,
tiation
-
Dividend
for
from $4.29
Net
Other
1941
$ -
•
income
•Prov.v for.
~
10,573,180
-853,145
Income.; deductions.L.^.....
'
earnings
of which $238,681 represents a reduction in post-war
refunds of 1942 excess profits taxes.
If this reduction in earnings
applicable to 1942 operations could have been determined and adjust¬
made
Total
$
$
102,766,613
operations
Other income
(net)....'
from
"Profit
certificates to the scrip agent, First National Bank of Min¬
neapolis, Minn., on and after May 1, 1944, for pro rata distribution
of the funds covering redemption of said bonds and payment of/the
St.
settlements covering all 1942 operations for0the
The net effect of these final renego¬
1942 by $319,995,
ments
SEC—
have been concluded.
settlement
tiation
Sales, including sales of war, material and sales of foreign cos...
,
1942
1943
of $19,000 of first mortgage
Minneapolis-Honeywell Regulator Co.—ReportFinal
of
mortgage bonds, series A (4%
Eastern
m
for Calendar Years
,
their scrip
105
company
Consolidated. Income Account
the bonds for payment.
$38,000,000 first mortgage bonds 3V2% series
shares of 4%% cumulative preferred stock has
by the company.
Bids will be received by the company
Clifford St.,
14,
Feb.
issue of
our
National Cash Register Co.—Earnings—
40,000
415
Corp.^-Correction-*
1944, in which- the corporation's income
accounts for the years 1940 through 1943 are given, dividends paid
by the corporation during the year 1943 should read $360,000 rather
than $860,000.
In note 2 following the comparison of the corpora¬
tion's
income accounts,
we
state "aggregate unrealized depreciation
in value of securities
owned as compared with cost."
This should
read aggregate unrealized appreciation in value of securities owned
.as, compared with cost;—V; 159; p. 640. 1
In
;
for bids for
and
1969,
outlets in Mexico.—V. 158, p. 194.
excess
Minneapolis & St. Louis Ry,—Bonds Called—
its general mortgage bonds, series A
(4% income) due Dec. 1, 1996, that all these outstanding bonds, in
the amount of $2,015,000, have been called for redemption on May 1,
1944, at their principal amount and accrued interest.
The bonds and
coupons are payable at the office of the trustee, First National Bank
of Minneapolis,
Minn.
Interest on the bonds called shall cease to
accrue as of the redemption date.
The May 1, 1944, coupon is payable
at
the rate of 5Vs%, representing
an annual interest rate of 4%
from Jan. 1, 1943, to May 1, 1944.
The coupon may be detached and
presented for payment in the usual manner, or may be presented with
Holders
to
844.
Michigan Consolidated Gas Co.—Invitation for Bidsdue
Federal
Company is notifying holders of
operation.
one
airplane crates have all been delivered
These
plants.—V.
it
products
lumber
the
to
supplies,
.
927 162
228,334
5,452,631
$22,165,109 $25,015,895
"After deducting reserve for doubtful accounts of
materials,
March 15 registered 30,000 shares of 4% cumulative
series D, par value $100 a share, with the SEC.
The
underwriters and the amounts underwritten
are:
Union Securities
Corp., 24,000 shares; Piper, Jaffray & Hopwood, 3,500 shares, and
Alex. Brown & Sons, 2,500 shares. .• V : /;
■/( ' '
Offering price to the public will be supplied by admendment.
Pro¬
ceeds will be used for general corporate purposes.—V. 159, p. 1149.
>
227'l00
9
raw
The company on
250 000
9,216,100
inventories,
preferred stock,
58,020
58,020
(par $100)
Paid-in
50,000
250,000
post-war adjust, in raw materials..
cumul. convert, pfd. stock
235,816
50,000
!
Pension.. reserves..—_.—//—
$323,753;
Registers 4% Preferred Stock With
118,922
.
204,956
self-insurance..
for
$84,467),
profits taxes, $7,858,000; notes payable,
banks (loans made pursuant to regulation V of the board of governors
of the Federal Reserve System), $15,000,000; reserves for special con¬
tingencies including those arising from war conditions, $925,000; 4%
cumulative convertible stock, series B (par $100), $3,070,000; VA'h
cumulative stock, series C (par $100), $2,500,000; common stock (621,900 no
par
shares), $3,291,499; paid-in and other capital surplus,
$914,530; earned surplus, $7,459,512; total, $50,278,273,
$2,119,086
$1,988,897
...
——.
rents, royalties and sundry exps.
Accrued taxes,
of
$1,668,467;
Liabilities-— '
Accounts payable
81.9%
222 plus 32
used
$22,165,109 $25,015,895
——
...—
Gov¬
cost),
Government contract, $1,744,785;
post-war refund of Federal excess profits taxes
(including $278,319
arising fropi 1942 Federal excess profits taxes), $1,064,319; investment
in English and Swedish subsidiaries,
$44,618; cash value of life in¬
surance
policies, $251,293; Real estate, plant and equipment (less
reserves for depreciation
and amortization of $2,741,125), $4,545,188;
patents (less amortization of $118,403), $194,912; trademarks and good¬
will, $1; deferred charges, etc., $225,993; total, $50,278,273. *
'
Liabilities—Accounts payable, $2,526,960; advances against contract
by U. S. Government, $3,,659,738; accrued expenses and taxes other
than income and capital stock taxes, $1,404,567; Federal income and
capital stock, Canadian (including excess profits tax) and State taxes,
1942
preferred stock retirement fund..
-
February
87.4% over February, 1943. Cumulative
and February reached $3,308,159, an increase of
over the corresponding 1943 period. ^Three new- stations added
Mutual network raises the total number of Mutual affiliates to
increase -of
an
facturing expenses incurred under a
$7,595,323
200,000
4,250,000
'841,421
' 7,328,561
700,941
3,074,235
474,877
550,537
Prepaid expenses and deferred charges
Cash in
v
Consolidated Balance Sheet, Dec. 31, 1943
(including $574,079 to be used exclusively on a
contract),"$14,054,667; Dominion of Canada bonds (at
accounts
31
$6,804,021
900,000
2,750,000
761,159
6,317,426
788,302
2,536,953
Assets—/
the
profits taxes)
under renegotiated contracts for
Assets—Cash
ernment
Broadcasting System reports gross billings for
$1,547,860,
goods in process, and finished goods (including $2,908,321 to be
exclusively on a Government contract), $20,917,453;
preliminary manu¬
1942.
; '
of
billings for January
National Bond and Share
$90,090; notes and accounts
and $372,864 in
refund in 1943
post-war
company
Mutual Broadcasting Co.—Billings Ujp-^
1,865,700
$6,334,460
receivable (less reserves for doubtful notes
and accounts, $62,005), $6,808,260;
accounts receivable from English
subsidiary, $12,942; sundry accounts receivable (including employees
$2,582,863
461,713
1,854,252
Earnings per common share
$7,209,595
122,800
77,094
ended Dec. 31, 1942 (less applicable Federal excess
excess of amount provided at Dec. 31, 1942.
'
3,355,778
...
income...
Preferred
Common
in
$4,674,122 $7,478,200
T,012,19i 'rrl;539,559^-
$2.15
tax.
$2,737,295
4,472,300
the company
subsidiaries to the English and Swedish companies.
$7,419,527
58,673
$4,518,177
—
—
income
on March 21 announced that "a limited part .of its
holdings',* had been: transferred to a new company, SouthLtd. *
In a letter to the stockholders,. John f5„ Norris, President, said that
this step was taken "to insure, in the event of. total expropriation, that
/the "necessary? means to protect your rights as shareholders of this
-company will continue to be available." .
v
A bill for expropriation of the company is expected to come; up be¬
fore -the provincial legislature soon.—V. 159, p. 844.
////j;///"./: ■;. V;':'//
The
investment
$7,248,990 $6,113,086
621,900
621,900
$4.31
$4.29
$4.20
and its domestic and Canadian
by
$19,511
"Includes
Consolidated—Transfer
:
"
mount Investment- Co..
1;554,750
year
Miscellaneous
:of Holdings—•
The Mutual
$7,549,512
914,530
$8,374,042
621,900
surplus
Paid-in and other capital surplus—
Total surplus—.—
—
Outstanding common shares——
Earnings per share.
Earned
-
Depreciation
Other charges.
500,000
$2,908,852
...—_
surplus.
Common
Cr517,000
425,000
t319,995
—
Government...
preferred, dividends
Series C preferred dividends
1943
1942
$51,564,039 $64,028,487
36,240,026 44,698,434
selling, general and adm. exps.
10,121,910 10,869,461
—
510,781
593,419
....
173,145
447,646
operating,
Store
.
—
Total
Montreal Light, Ileat & Power
5,168
52 ,024
Cr786,000
Series B
.
sales
Of
Cost
c.
purchase of the - Laucks; properties will" be effected
an exchange of stock.
No changes in the Laucks operating
personnel: are * contemplated,/ft •;was announced;;-/ Laucks- officers1 arc
I.: F. Laucks, President; Harry P. Banks. Vice-President; and Leo W.
(Eilertsen/Secretary and Treasurer.—V/159, p/1149.
arising from war
income—
Net
Previous
.
Consolidated Income Statement
;
conditions
plants.
"Monsanto's
through
'
13,559 ,625 J
414,823
:
Refund to U. S.
%
$7,544,787
1,273,8851
profits
excess
(est;).
Prov. for conting.
:
vious year's
Years Ended Dec.
7,865,000
of
refund
Post-war
$7,447,093
97,694
,302,323
income charges
Miscellaneous
sales
"Net. sales
1,736,138
Fed.
company,
dollar
capital stock, Canadian (incl.
profits taxes) and State tax
inc. and exc. profits taxes and
exc.
which is predominantly a distributor of men's shoes,
at retail for the year amounting to $39,238,096, as
compared with sales of $51,644,040 in 1942. Unit sales at retail were
8,797,480 pairs of shoes, as against 11,857,383 pairs in 1942; and
13,467,270 pairs of hosiery as compared with 14,490,673 pairs in 1942.
Total store and factory sales amounted to $68,501,931.
Factory sales
to U. S. Government agencies amounted to $9,141,549 in 1943, com¬
The
had
$12,802,287 $17,046,482
81,523
190,059
$12,883,810 $17,236 ,541
Total income———.—
Fed.
stock.
mon
...
Other income credits.—
Corp.—Annual Report—
Corporation had a net income in 1943 of $2,452,069, after provision
for taxes, preferred dividends and depreciation, equal to earnings of
$2.15 on each share of the common stock outstanding. The net income
for 1942 was $2,582,863, or earnings of $2.29 on each share of com¬
Melville Shoe
159, p. 1149.
The Securities and Exchange
'.
Co.—SEC Approves Dea.ls-4-
Commission approved March 22 a series
to divestment by the company of its interest in
;the Birmingham Electric Co. as part of the parent's dissolution pro¬
gram.'
./ '.
\
The Commission
sanctioned relinquishment by National Power to
of
steps preparatory
.
)
Volume
surrender 800,000 shares of com¬
Birmingham Electric in exchange for 545,610 shares of
net reduction of 254,390 shares.
This step was designed
mon
stock
such
stock,
of
a
the
of
distribution
to
facilitate
to
the stockholders of National
stock of Birmingham Electric
common
Power. ^
call price of
the
at
acquire
to
plans
Electric
.-Birmingham
-
110
shares of $7 preferred stock for cancellation and to redeem at
the call price of 101 $1,200,000 of first-mortgage bonds.
It also would
reduce the stated capital and create capital surplus to absorb a write¬
10,000
accounting adjustments.
■Finally, Birmingham Electric would amend its certificate of incor¬
poration to provide certain voting rights to its preferred stockholders
and
plant account and make other
in
down
reduce authorized capital.
to
,
<
-
-' '
<
'
■
'
the payment by Bir¬
mingham Electric to National Power of dividends on the common stock.
Birmingham Electric plans to pay National Power a cash dividend of
46 cents each on the 800,000 shares, or a total of $368,000.—V. lo9,
barring
order
its
rescinded
Commission
The
p. 938.
Co.—^Earnings Rise—
National Cylinder Gas
sales
Net
income
—
—
—
charges——
all
after
federal income taxes
_—_____
Net
for
7
•
all
after
Income
taxes
■■■
«
>.
.f. """ r
$1,913,324.
$2,145,702
-
1943 amounted to $16,785,001 as compared
with
$15,796,180 on Dec. 31,
1942.
Total current assets stood at
$6,844,659 as against $6,114,274,
In his report, Charles J. Haines, President,
told stockholders that
the company's manufacturing and distribution facilities were pressed
to the utmost in 1943 in furtherance of the war program.
One of its
subsidiaries, Hollup Corp., which has a large plant in Chicago and
another in
Stockton, Calif., and a Canadian subsidiary in Toronto,,
Total
31,
Dec.
assets on
multiplied its production of electrodes 3V2 times in the past two
years.
National Cylinder's products are being used in exactly the same
way as they were in peacetime, Mr. Haines pointed out, so no con¬
version
to
wartime production was necessary
and there will be no
reconversion to peace time production.—V. 158, p. 1940.
"'V.'
k \
'r
National
'
X\
/
^
,
)
v
\
<'
\
\
,
'
Reduced.—
since-Jan. 1, 1944, have shown an increase
of 4.8% over the like 1943 period, John McKinlay, President, reported
lit the annual meeting held on March 21.
Mr.
McKinlay said that profits last year would have been larger
than for 1942 but for disbursements in connection with the company's
modernization
program
charged against earnings.
Since 1938, he
pointed out, the company has spent $3,100,000 for modernization and
repairs to facilities, and in the same period working capital has been
Increased from $2,938,000 to $5,260,000 as of the close of 1943.
Since Jan.
1
this year, Mr. McKinlay said,
the company's bank
of
Sales
this
company
outstanding.
loans/ have been reduced by $1,200,000, leaving $1,800,000
—V.
159, p. 1042.
below—V.* 159,
Utah Metal & Tunnel Co.
See
•
.
In
business.
Association reports electric output
ago.
output for the March 17 week is reported at 146,301,000 cu. ft.,
increase of 12,826,000 cu. ft., or 9.61%
above production of 133,-
Gas
an
159, p. 1150.
Association—^Output Up 4.29%—
New England Power
with
reports number of kilowatt hours available for its
week ended March 18, 1944. as 64,625,900. compared
for the week ended March 20, 1943, an increase of
Association
The
territory for
the
61,967,898
4.29%.
Comparable figure for the week ended March 11, 1944, was
an increase of 5.17%
over the corresponding week last
V.
65,736,year.—
159, p. 1150.
Donald
V,
1943
Earnings
$19,719,430
to
all
aiter
is
There
•
ifipfitup
finri
1,723,500
Other railway taxes
;
356,576
Net operating income.953,879
1,601,900
306,520
1,061,200
3,008,000
721,261
1,828,333
3.438,000
638,595
2,155.931
597,077
672,267
1,120,151
1,382,844
8,333
8,333
16,667
16,667
588,744
663,934
1,103,484
Net
income
——
of income-..
Balance transferable to
—V.
159,
a
York
Stock
York
held
be
Exchange
strike
to
rental preferred stock of/the Company.—V. 159, p. 1043.
$50 par 10%
New Haven & Hartford RR.—Places Order
This
tee;
company
announced
of
switchers
12
Co..
and
10
has placed orders for 42 Diesel locomotives, the trus¬
March 21.
20 road locomotives of 2,000 horsepower and
1.000 horsepower to be built by American Locomotive
44-ton
Electric Co.—V.
built 'by General
switchers
159,
1150.
p.
1944—Month—1943
Period End. Jan. 31—
Sept.
1948.
17,
reduced
and
2%
income
"After
250,94"*
246 372
9,221
111,695
140,277
18,548
——
-
provisions for depreciation
brought
A.
Stanley
Miller,
President
director—V.
a
their
159,
American
After completing a 31'J
Earnings
7;
notes
loan
dividends
p.
&
has
Kemmerer,
been
739.
Co.—Annual
i-""
Report—E.
L.
''
,
Shea,
,
.
in
lieu
mon
$1.28
.—_
.
—————
:
_
Total operating revenues
Operating expenses
—
——
/__
income taxes...
______
profits taxes—
for
post-war
of the war
produce
—
adjustments
our
onlv
industry,
for
The
other
war
combined
companies
war
materials
and
meet
to
but for increasing civilian
e'ectrie- output
in
which
ina'ed
one-tenth
of
the. output
States
last
The
prepared
were
companies
year.
,
——■
for
post-war adjustments——
954,286
1,192,500
312,994
52,637,542
on
939.
p.
Hudson
Niagara
the
Svstem.
annual
kilowatts
billion
16
public
of the Niagara
utility systems,
Hudson
reached
was
1947, exceeding 12 billion kilowatt hours, were
cubic
reached
feet,,
A new all-time peak load of 1,903,-
1943.
Sept. 21,
on
gain
a
of
5%
over
the
Sales of gas were nearly
preceding year.
These
reflected in total operating revenues of $117,735,000»
an
Increase of $6,912,000, or 6% over 1942.
Although operating rev¬
enues were greater
than in any previous year, mainly because of in¬
creased sales to war industries, the gain in net income was only $348,000,
were
higher payrolls, taxes and other operating expenses.
which includes the financial statements of Niagara Hud¬
because of
The report-,
son
definite
12,805,768
p'ans
peace-time
71101,609
place
3/389,473
the
12,678,774
being formulated for the eventual conversion to
These plans, it is stated, are designed to re¬
are
operations.
present
profitable
more
143,992,252
and its subsidiary companies, consolidated, states that
Power Corp.
sales
to
to
industries
war
the system
The fact
6,621,239
with
companies and
the companies
that
"sales
that
will
prove
of continuing benefit to
ab'e to meet the extra¬
were
ordinary demands of war production plants without impairing the reg¬
ular services to other
customers
is
attributed to the interconnected
54,286,676
8,843,415
facilities of
unified system.
a
14,544,780
Consolidated Income Statement for Calendar
v-
16,397859
29,539,509
7,383,737
36,923,246
Gross
9,846,676
10,351,158
2,124,604
Interest
.658,383
47,628
Operating
revenues
Operating
reve'nue
'
117,735,041 110,823,440
deductions——————
95,378,492 88,734,454
Onerating income'-:
Other
1942
$
$
1,253,389
17,232,894
:
Years
1943
v:::
I
1,080,000
46,379
operating revenues
Non-operating revenues
revenues
largest
report for 1943.
36,266,264
—
Power Output' and
Earle J. Machold, President of Niagara Hud¬
the highest in the system's history.
5,149,002
7,989,780
1,893,000
gross
country's
Total electric sales for
900
3,419,415
12,824,483
~
the system's parent company, told stockholders in the
Power Corp.,
son
,
the
of
and
output
power
one
high levels last year,
new
1942'
161,297,059
65,378,432
10,461,594
14,752,835
Power Corp.
Gross Revenue Reached New High In 1943—
$
8,826,516
3,437,138
1,252,913
1,192,509
312,994
49,507,075
875,332,514 869,569,797
159,
higher sales
3,910,861
. 5,440,366
16,055,980
4,316,833
%'/'
Total
~V.
11,170,836
56,971,502
;.■%:%%%
'
4,194.845
2,973,000
1,080,009
for additional
reserves
29,510,652
6,755,612
sale of property
Net
income
Gross
Interest
Amort,
in Europe.
more
to
amount of electricitv at the lowest average price.
As
power increased in Cleveland, St. Louis, Milwaukee and
Washington,
insurance
and
undetermined llabil.
customers."
on
10,794,082
57,280,794
4,383,709
contingencies
Earned surplus
123,626,198 112,126,985
——
.
and
preferred stocks of subsidiaries...
Paid-in surplus of The North American Co—
$1,160,864.
Electric
on
:
;
——
'—'
funded debt
debt———_
funded
of discount
and
expense
on
Minority
for
Reserves
$1.31
—•
Investment in
property
1,711,702
Premium
.
stocks arrived at as follows: Shares of capital
$3,698,759 (1942, $15,058,706); cash paid
shares of capital stock of Detroit Edison Co.,
Heating
and retirement of property
——164,968,820 151,990,289
taxes
Co.,
$
1,438,372
1,981,787
by customers for construction of
casualties
16,208,204
1943
loss
liabilities..———
accrued
for
3,821,254
share————_______
2,767,318
2,180,668
2,422,000
Reserves for
Consolidated Income Statement for Calendar Years
of
3,286,999
—_
and
investments
34,617
* 12,092,936
Operating revenues:
Appropriations
year—% 7,920,800
deposits
for
surplus— $10,970,229 $11,253,468
and
—
the
greatest
,
143,781
3,821,251
6,987,929
3,251,714
1,718,688
4,494,209
2,099,290
debt payable: within one
current
transportation
1,663,420
20,746
6,631,328
2.648,306
——
——
—
$14,791,480 $15,074,722
:
Other interest charges—————-.,___
demands
135,986
6,631,037
6,132,211
_____
196,334
stock of Pacific Gas & Electric Co.,
State
(net>
249,480,450
5,207,789
8,951,091
——
profits taxes accrued
Reserves for deprec,
and plant
shares of common stock of Pacific Gas &
Co., $6,913,723; cash paid in lieu of fractional shares of com¬
and
—
14,287,689
38,650,000
246,149,650
Reserves for contingent losses on
162,577
_______
Edison
Miscellaneous
<
excess
98,854,212
26,837,425
Co.—
accrued—
Contributions
(1942, $1,149,498);
:
American
85,726,260
14,570,384
subs.
accrued
Customers'
737,000
deben.
provide them
quiekly, our companies have achieved some notable new records.
In
comparison with all other years in our 54-year history, the North
American System in 1943 served the largest number of customers with
to
/ Funded
common
fractional
of
$319,590
98,853,262
of
surplus
30,317.950
34,819,000
22,356,549
—_—
income
—
——
_
22,088,992
829,365
760,407
23,185.914
22,849.399
expansion of generating capacity and attain¬
greater efficiency in the use of facilities, the North American
'System today is supplying twice as much electric power as it did be¬
helping
1942
1,056,709
surplus
and
stock
common
on
and
taxes
Dividends
1,026,361
—
dividends
common
common
Detroit
North
Reserves
1,017,684
—-——
——
of discount and expense on
per
of
of
stock &
Reserves
132,040
tax:
—
"Dividends
stock
34,819,000
85,726,260
subsidiaries--^
com.
Interest' accrued
alleged
515,000
Interest on debentures.
for
of
in
payable
inc.
Other
$17,601,899 $18,517,324
—
——
Federal excess
ing
In
Accounts
Fed.
against them.
1943
;—
Expenses
on
1,297,043
1,753,673.
'
Other
$17,733,939 $18,679,901
bank
30,317,950
——
($10 pari—
stocks
int.
debt
Other
for
932,553
1,294,883
". 1,891,732
Funded debt of subsidiaries
(Company Only)
—
Portion
Whitney
of
President, states in part:
fore the outbreak
and
employment
Appropriations for depreciation reserves
North
Funded
the company and
Union Electric Co. of Missouri,Win?;
of
income
Balance
4,907,595
932,553
—
-
stock
Minority
St. Louis against
in
termination
the
.Interest
on
3,967,986
on
expense
property
income—
Amortization
funded debt
of preferred
less prem.,
selling
special preferred stock
serial preferred stock
Preferred
defamatory statements made in certain accounting suits
Federal
elected
6%
advised that Light & Power
endeavoring to arrive at a basis for the dis¬
are
been
with
income
13,785,527
:
875,332,514 869,569,797
Common
been
have
We
by three former officers of
Federal
11,357,919
12,364,522
net
5%%
position of the case.
Other taxes
10,965,365
(at average cost or less)
subsidiaries.
Lia bitities--
The pendency of this litigation does not stay the
therefore, the directors have followed the
they believe to be in. the best
Power
have
and
1,029,835
957,562
receivable,
expense,
2,957,015
stock of Pacific
common
Co.—
notes
v 6,936,065
2,341,311
Total
and,
defendant.
Illinois
and
on
■
•.
Organization expense of subsidiaries—
Prepaid accounts and other deferred charges—
connection with the plan
of
liquidation of North American Light & Power Co., a subsidiary
which has been ordered by the Commission to dissolve.
Claims have
been asserted, both before the Commission ' and the U. S. District '
Court of Delaware, against North American Light,& Power,
in con¬
nection
with
its liquidation,
by Illinois Power Co., about 40%
of
whose
common
stock is controlled by Light &; Power.
The Illinois
Power
claims,
aggregating over $26,000,000 plus interest, are based
principally upon transactions in 1932 and prior years.
In the pro¬
ceedings before the Commission, Tne North American Co. has oeen
a
and
stocks of
Hearings are being held before the SEC in
as
Electric
and
Disct.
under the circumstances,
the stockholders.
of
—
17,406,900
we
which,
interests
—
receivable
19,715,576
1,300,008
23,250,209
securities
Materials and supplies
appealed to
quorum of Justices,
Commission's order
course
171,315
in banks
interest and dividends
other deposits——
Accounts
quarterly
'';
$
debt of subsid.
121,339,520
and
Government
Gas &
the
law which
a
1942
2,120,195
Commission
Taxes, other than income taxes.i
Newmont Mining Corp.—New Director—
funded
of
deposits—
hand
Dividend
directors believe the plan filed with the Commission
the most favorable solution of the company's problem under
we
8.
and
to $31,337,425.
Maintenance
159, p. 739.
-V.
257,044,697 265,760,467
—
Deposits feft payment of
in
312,994
17,916,283
! 687,712,682 681,996,161
U;
$1,324,156
19,678
29,987
*Gross income
1944—12 Mos.—1943
$1,405,027
312,994
its
payable
207,430
(at cost or less)——110,126,614
other
and
installments up to
These bank loans will on March 17, 1944 have been
at
interest
54,809,168
229,802
15,641,005
retirement
for
Investments
reduced since .1939 by more than 50% as of September,
1943 when the balance was refinanced with bank loans of $34,881,500
bearing
182,851V
55,176,721
contingencies
—
the
then
dividends
Coal
$126,589
$136,991
and
1943
tures had been
Transportation
Operating revenues
and
deposits
through
955,313
stock.——__———380,603
accrued liabilities————
222,411
:
Time
Since
1941.
594,285
955,313
—
Assets—-v$
and by a
company has distributed to its;
holdings of capital stock of The
Detroit Edison Co. and part of its holdings in Washington Railway &
Electric Co. and Pacific Gas and Electric Co.
North American's deben¬
of
stockholders
593,932
401,497
stock
Consolidated Balance Sheet, Dec. 31
which
reduce
to
income
23,716
,
—a—
Total
North American has investments and using cash
indebtedness.
This policy was adopted at the be¬
ginning
6,000,000
debt————
surplus
on
.Gas
New York & Richmond Gas Co.—Earnings-—
Net
Paid-in
—
,
38,650,000
- 675,000.
—
within one year—_———
—
^rpperty and plant
on
comprise
orders
The
—26,837,425
funded
on
34,819,000
85,726,260
1954——r—
Earned surplus.—
Cash
Electric
New York,
—v.—.
1949 and
investments
for
Fund
on
Broadway,
120
office,
1,
reserves
waiting for the necessary rulings on the plan, the manage¬
ment is continuing to move toward meeting the requirements of the
Commission's
order by paying dividends in the form of stocks of
Dividends
Commission March 20 announced
March 27, at the Commission's
upon
the application of the New
from listing and registration
t*>e
Exchange
and
would
hearing
par)
30,317,950
34,819.000
85,726,260
common
current
Reserves
While
Balance
Harlem RR.—Delisting Hearing—
Securities
The
New
on
Both
New York
that
Other
30,317,950
(par $50)——
;
accrued
Dividend
pending before the Securities and Exchange Commis¬
reorganization for the North American Holding Co.
Dividends on preferred stocx of the company—
'
878.
p.
($10
Dividends on preferred
'
and loss_
profit
stock
notes
accrued.,
Taxes
.
,
stock
loan
1
248,710
257,044,697 265,760,467,
...
serial preferred
Bank
Court.
companies in
;
preferred stock (par $50)——
Company Act.
plan,
which contemplates the eventual transfer to common
stockholders of direct ownership of North American's five principal
Interest
Sinking fund and other
approp.
5'i'4%
90,06«>
1
—"
debentures—
on
—
serial
1,001,385
■ —
equipment
Liabilities—^
Other
subject to approval by the Commission
.
929,in
_
4,695
and
expense
The
1,366,177
profits taxes—7
cess
and
337,500
.
stock of Pacific
common
on
■
Co.————
furniture
Total'
6%
of
is
fund
;
;
Holding
Federal
sinking
500,000
.7 1,600,000
—
under
trustee
receivable
Discount
System, submitted by the directors last August to meet the require¬
ments of the Commission's divestment order under the Public Utility
Total
PVh
with
Electric
&
Office
expenses,
$7,577,386 $16,472,634 $15,696,113
$8,398,373
income——
oper.
securities——
Other receivab.es,—
•
now
plan
the
sion
Dividend
1944—2 Mos —1943
1944—Month—1943
Period End. February"Fprfppnl
1,651,221
deposit
Interest
Calendar Years—
Gross
4,624,545
5,270,436
Government
Gas
Holding Company Act
Income Statement
Louis RR.—Earnings—
4,624,545
.
Electric
Gas &
—
S.
1
3,501.194
877,041
Funded debt payable
'
1942.
for
p. 2364.
New York, Chicago & St
11,265,717
63,765,419
23,202
450,000
Dividend
interest charges
and taxes.
This was equal, after payment of preferred dividends, to
$1.85 a share of North American common stock, compared with $1.72
amounted
1943
for
30,314,505
11,235,717
56,851,696
Pacific
of
agreement
Dividends
and
30,623.797
Power
&
'
Cash
net income of The North American Co. and subsidiaries
Consolidated
Light
consolidated
Co.—.
stock
Debentures due Feb.
connection
has been named a
Paper Co.,
of Lowe
President
Lowe,
American
Common
Act.ons
director.—V. 158,
North
equal to our payroll of $37,063,000 and taking 22 cents of very dollar
received for sales 'and services.
Compared with 1939, our operating
others
Telephone Co.-—New Director—
New Jersey Bell
U.
$35,567,000—almost
was
of
payroll has increased 44%, while the taxes have jumped 98%.
named
661,
bill
tax
4,729,910
investments—-T—
Cash
it remains nevertheless an effort to comply
regard as uneconomic and unjust.
Some months
the U. S. Supreme Court from the Commission's
oivestment order, but a decision in this case still awaits the necessary
12,793,423 kwh.
This is an increase of; 717,730 kwh., or 5.94%
production of 12,075,693 kwh; for the corresponding week a
475,000 cu. ft. in the corresponding week a year ago.—V.
consolidated
our
2,978,053
and notes of subs, consolidated—.
security investments————,-.:———-
Other
Other
,
after deducting
1943,
142,853,253
Capital stock of Detroit Edison Co
the greatly increased expenses and
taxes the income available for interest and dividends on their securi¬
ties in 1943 was $1,000,000 less than in 1939, or a decrease of 3%.
Taxes have now become a most Important cost factor in company's
1939,
did in
with
above
year
•
$
142,453,444
subsidiary not consolidated——L_,
a
Common
the Holding Company Act,
England Gas & Electric Association—Output—
For the week ended March 17, this
of
Securities
Co.,
1942
$
Securities of affiliates not
Although approximately $145,000,000 has been spent since 1939 by
company's four groups of operating companies, principally for new
electric
generating plants and distribution
facilities, and
although
their volume of business has' almost doubled, they have experienced
no financial gain as a result of the war.
in
1943, these companies supplied their customers with 91% more
electricity than
in
1939,
for only 46%=
more
money.
While they
received nearly $54,000,000 more from sales and services in 1943 than
ago
New
Wartime Costs
j
affords
Approved—
1042.
p.
the number of wage earners in
years,
1943
•
,
consolidated.—
subsidiaries
of
Advances to
Cleveland, St. Louis and Milwaukee areas
value of
their annual production of
Although
National Tunnel & Mines Co.—Merger
,
Securities
the
while
util.ty holdings,
(
1944—Bank Loans
Co.—Sales Rise In
Tea
'<
four
the
in
(North American Co.)
7:v Assets—
manufacturing plants
has about doubled,
goods has tripled.
Hundreds of existing mills and factories have been enlarged and many
more
plants have
been built by
new
industries which have been
attracted to our territory largely as a result of the adequate and
dependable electric, service available at low prices.
last
Sheet, Dec. 31
.
the
companies' large supplies of low-cost power, they have been in position
to take on a substantial volume of war goods production.
During the
$1.43
$1.61
1,335,701 com. shs. outstg.
lEarns. per share on
i.1.1/
■
provision
and
charges
3,950,000
4,673,000
—.__
—
V'
•
Because
they
1943
1942
$26,672,474 $21,612,966
6,818,702
5,863,324
Calendar Years—
Net
:Balance
1942 and was equal to the entire output of the
than in
more
industry for the country at the outset of World War I. ■»
the communities served have been able to call upon
electric
addition, National Power would
In
17%
was
and $1,-
Birmingham Electric of rights to receive $1,254,540 common
130,000 securities junior to preferred in the latter company.
1289
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number 4267
159
the
of
comp^nv
of
has
the
North
as
during construction
and plant
Other
dividends
interests
of
in
charged to
1
—:
0525,263
4,728,167
income of subsidiaries
1,292,492
1,238,225
500,000
net
deductions.—
_
—_______
500,000
investments aporoxiindustry in the United
22 billion kilowatt hours,
"Net
Dividends
dividends
for
on
Balance
and
surplus—.
—-
pfd. stock of North American Co.
for
Earnings per
common
common
charges
requirements,
preferred
Res.
income
net
inc.
tBalance
Balance
and
misc.
9,750,004
9,761,667
13,435,910
and
13.087,732
7,356,795
7,356,798
,.6.079,115
(subs.)———
5,730,934
Cr597,289
4,728,167
1—
—
Balance
Dividend
prop¬
——
subsidiaries————■_
need—not
well.
Svstem
American
erty
19,719,430
3,821,251
18,530,753
3,821,254
major
e'ectric
aggregate, exceeding
use
everv
Interest
Preferred
income
dividends
share
and
surplus-
15,898.179
$1.85
14,709.499
$1.72
to
—
Niagara Electric—
by Buffalo
earned surplus—
———
$0.38
$0.34
$0.24
$0.23
share of common-.
share
of
'
.
5,250,934
——_
per.
per
159, p. 878.
480,000
4,771,115
common—*——
"Equivalent
fEquivalent
—V.
1,308,000
,
v
,
7 /
.
.
;
of this
output
Electric
kwh.,
41,641,000
totaled
corresponding week last
March 17 declared a
directors on
The
quarterly dividend of $1.31 V*
of
payable
disbursed
while
preferred
the 7% cumulative preferred stock and a dividend
$1.12\'i per share on the 6% cumulative preferred stock, both
April 20 to holders of record March 31.
Like amounts were
on
Jan. 20,
last, and on April 20, July 20 and Oct. 20, 1943.
on Jan. 20,
1943, payments of 81Va cents per share on the 7%
and of 75
cents per-share, on the 6%
preferred stock were madeshare
per
on
—V.
159,
the Jan. 20, 1944,
after payment of
Arrearages
preferred and to $5.62J/a on
$6.56V4 on the !'/<
1150.
p.
dividends amounted to
the 6% preferred
Morris
made.-
117,460 Additional Shares
Listing of
of Common Stock
has authorized the
stock ino par) on
York Stock Exchange
New
The
shares of common
pursuant to the terms of an
underwriters, making the total amount
additional
issuance
listing of 117,460
official notice of
Portland Electric Power Co.—No
shares.
362,380
shares have been underwritten by Auchincloss,
Farker & Redpath, Alfred L. Baker & Co., J. M. Dain & Co-., Paul H.
Davis
&
Co., Ferris
& Hardgrove, Hornblower & Weeks, Kebbon,
McConnick & Co., Kidder, Peabody & Co.,
Merrill Lynch, ' Pierce,
Fenner & Beane,
Paine, Webber, Jackson & Curtis, Piper, Jaffray &
unsubscribed
The
Air
.
during February
over the same
carried on Northwest Airlines planes
142,089 pounds, an increase of 41,970 pounds
1943, Croil Hunter, President and General
express
totaled
of
month
ment of vital war
and similar increases have
explained,
Hunter
Mr.
nation,
the
Manager, an¬
is due to demands for speedy air ship¬
materials bound for war production areas throughout
This large increase
nounced.
reported at line stations between Chicago and the Pacific
A total of 83,238,703 express pound miles were flown by
February,
in
fleet
flown
miles
special
flying
regularly scheduled flights, NWA
under contract with the Air . Transport
cargo
war
Utility By
tric
stitutes
mere
.Operating
revenues
after retire,
and
$14,133,955 $11,940,495
3,304,046
termed the proposal
statement:
*Earnings
a
per
Bids for
$2.87
common .share:
shares outstanding.-
;
least four investment banking groups are
for the new securities which company is
March 23. Stone & Webster and Blodget, Inc.,
and
associates;
Kuhn, Loeb & Co.; Harriman Ripley & Co., and
Lehman Bros, and associates; and Shields & Co.; Glore, Forgan & Co/.,
and Lazard Freres & Co. and associates are expected to submit bids
for both the $18,000,000 first mortgage bonds and 180,000 shares of$50 par preferred stock.
Halsey, Stuart & Co.. Inc., and associates
will bid for the bonds alone.—V, 159, pp. 1150, 740.
Peoples Drug Stores,
v
number
The
against 137 in the same
Inc.—February Sales—
p.
Philadelphia Co.—-10-Cent Common
Dividend—
of 10 cents
value, and the regular semi¬
the 6% cumulative preferred
stock, par $50, the common dividend being payable on April 25 and
the preferred dividend on May 1, both to holders of record April 1.
on
March 21 declared a quarterly dividend
share on the common stock, no par
annual dividend of $1.50 per share on
per
*
25,
Jan.
Payments
last.
25, 25 cents: April 26
cents.—V. 159, p. 974.
Jan.
25
share was made on the common stock
on this issue in 1943 were as follows:
and July 26, 10 cents each; and Oct. 25,
distribution of 20 cents per
A
on
Philadelphia Electric Co.—Weekly Output—
11,387,000
of
year.—V.
18,
March
159,
kwh.,
for the
increase
week of last
for this company and its subsidiaries
1944 amounted to 128,031,000 kwh., an
output
electric
The
week ended
or
9.7%,
over
the
corresponding
1151.
p.
Philadelphia & Reading Coal & Iron
Co.—Asks Delay
in HearingArchibald
Palmer,
New York attorney representing Louis
Lober, re¬
bondholder, and Lawrence Schrager, a debenture holder, have
petitioned Federal Judge William H. Kirkpatrick to postpone hearing
scheduled for March 27 on the amended reorganization plan
until
after U. S. Circuit Court of Appeals decides an appeal taken by Palmer
Judge
Kirkpatrick's
refusal to direct the company
creditors.—V. 159, p. 1151.
$8,000,000 in cash among its
Philadelphia
to distribute
—v
Transportation Co.—Dividend—Interest
Sinking Fund—'
—Tenders to be Made for the
dividend of 40 cents per share on
the common stock, no par value, payable April 22 to April 1. Similar
distributions were made on this issue on April 22 and Oct. 22, last
The
year.
directors
have
a
No other dividends have been paid on this
stock.
July 1 of the full
consolidated mortgage
the sinking fund
the 3 % and 6%
consolidated mortgage bonds.
This sinking fund
operate on July 1, 1944, and tenders of bonds must be made on
The
directors
also
income interest
.3%
declared
authorized
the
payment
for 1942 on the 3%
on
and 6%
bonds, and also directed the payment of $200,000 for
for
will
or
before
June
15,
1944.—V.
158,
p.
2051.
is for years
Dividend—
P.
stock, it
bilities, will be
order
to
distributed and conveyed to St.
provide for the development
turing facilities to meet
all of
to lia¬
Regis Paper Co."
and expansion of manufac¬
anticipated increased demands in
the posUwar
has sold
period and to provide additional working capital, the company
$10,000,000 of 15-year 3%% debentures to four insurance companies
at
The debentures, dated Jan. 1, 1944, and
due on Jan. 1, 1959, carry sinking fund provisions.
The annual report for 1943 shows a net profit of $1,855,927, com¬
pared with $1,680,091 in 1942, without reflecting the company's equity
in undistributed net income of the Taggart Corp. ,and of non-consoli¬
dated foreign subsidiaries.
Since the end of 1942 St. Regis has in¬
creased
its holdings of
Taggart Corp. common stock ^from 339,253
shares to
Net
interest.
accrued
and
587,949 shares.
sales,
royalties and rentals for 1943 were $25,527,784, compared
in 1942, and operating income after expenses and de¬
$28,602,828
preciation was $2,877,381, against $4,489,973.
property was $345,101, against $1,223,669..
Current
628.224
debt
in
due
assets
at
cash,
1945
$6,217,274.—V.
to
the
close
of
1943
were
current liabilit'es
1952 was $1,095,568.
and
159, p.
113.
Loss on retirement of
$12,160,707. including $3-
were
$3,308,486.
Earned
Short-term
surplus amounted
dividend, out of current met
5,
Nov.
paid on
last, and 50 cents on July 22,
'
,
1943.—V. 159,
•
.
Company—Annual Report—The report of
its subsidiaries (ex¬
cluding European subsidiaries) for the year 1943, includ¬
ing consolidated balance sheet as of Dec. 31, and state¬
ments of consolidated income and surplus accounts for
the year were given in the "Chronicle" of March 20, p.
1191.
Commenting on the year's operations, W. S. S.
Rodgers, President, states:
vote on a
is proposed to dissolve the company and * •" ■*
property and assets of the corporation, subject
Co.—30-Cent Dividend-
17 declared a
(The) Texas
'
a proposal to issue and sell 250,000 common shares at par, or $5 a share, to such employees of the
company or of its subsidiaries who may desire to subscribe, as;the
board of directors may determine from time to time.
i
According to R. K. Ferguson, President, ,"as a further step in the
simplification of its corporate structure the company's wholly-owned \
subsidiary, the Valve Bag Co., an Ohio corporation, will redeem on
April 1, 1944, its outstanding 6% cumulative preferred stock at .105
and accumulated dividends.
Following the redemption of the, pre¬
remaining
March
on
486.■
operations of the company and
the
meetings will be held.
The stockholders will also vote on
with
Detroit—Stock Increased—*
profits, of 30 cents per share on the capital stock, no par value, pay-*
able April 14 to holders of record March 27.
This compares with 70
Recapitalization—
meeting on April 14 will
directors
The
880.
stockholders at their annual
last
1922.—V. 157, p. 559.
in
recapitalization under white 154,919 shares of-new $50 par 5%
prior preferred stock will be exchanged for 43,033 outstanding shares
of $100 par 7%
preferred stock on which arrears of dividends now
total $70 a share, on the basis of 3.6 new prior preferred shares for
each present 7%
preferred share.
.
' •
In addition, the present preferred
stock is to be reclassified into
second
preferred stock, also-exchangeable on the basis of 1 share
for 3.6 shares of prior preferred stock.
1
Other proposals to be voted upon are:
Changing the existence of
the company from
100 years ending in 1999 to perpetuity; and on
moving the principal office to New York City, where future annual
par
ended Dec. 31, not Oct. 31.
Correction— •
week's "Chronicle"
See V. 159, p. 1191.
in
given
annual meeting voted to increase the author-;
ized capital stock from 520,000 common shares of $1 par value t»>
650,000 common shares of $1 par value, 155,000 of which will be used
to purchase the Modern Collett & Machine Co. which was organized
plan of
Ir>.
account
income
The stockholders at the
158, p. 584.
Co.—Plans
St, Regis Paper
ferred
declared on the
,
Superior Tool & Die Co.,
Cleveland—Proposed Merger—
Corp. above.—V.
York, N. Y.—V. 159, p.
the
funding
from
Corp.,
on
The
share has been
Corp.—Earnings Statement
consolidated
cents
March 18 issued a certificate permitting aban¬
by the company of a branch line of railroad extending from
Remus northeasterly to the end of the line at Weidman, approximately
12.99 miles, in Mecosta and Isabella Counties, Mich.—V. 159, p. 879.
per
while on April i, 1943, and prior to the five-for-one stock
company paid a cash dividend of 50 cents per share.—
;; . •
168,r p.i 2087.
The
Republic Steel Corp.—Bonds Called—
The corporation has called for redemption as of May 1, 1944, a total
of $244,000 of its outstanding general mortgage 4 xk % bonds, series C,
due Nov. 1, 1956, at 102 and interest.
Payment will be made at the
Chemical Bank & Trust Co., corporate trustee,
165 Broadway, New
donment
Co.-—25-Cent Cash Dividend—
cents
25
Taylor-Wharton Iron & Steel
Steel
Detroit Steel
See
'■
'
.
V.
Studebaker
a dividend of 7Va cents per
and the usual quarterly dividend
$1,
par
the
split-up,
,
976.
Reliance
Marquette Railway—Abandonment—
The ICC on March 17 authorized the company to abandon a branch
line of railroad known as the Harrison branch, extending northerly
from Clare to Harrison, approximately 16.58 miles, in Clare County,
The directors
stock,
of
stock; par $1, payable April 15 to holders of record March 31.
each were made on this issue on July 20 and
common
share on the
of 8% cents
per share on the class A stock, par $1, both payable April 1 to holders
of record March 24.
Similar distributions were made on the said issues
on April 1, July 1, Oct. 1 and Dec. 28, last year.
It was announced that the class A stock earned $1.44 per share and
the common stock earned 59 cents per share for the year 1943.—V. 159,
Pere
Michigan,
The Commission
divid'end
cash
A
have declared
The directors
common
possible.—V. 159, p. 586,
as
Standard Steel Spring
to be a
Dividend—
„4
Co.—'lxk-Cent Common
Reed Drug
1944—2 Mos.—1943
$2,671,236
$2,698,355 $5,328,540 $5,389,556
in operation during February, 1944, was 131,
month last year.—V. 159, p. 773.
stores
of
duction as soon
me per-
cents per
of 25
1944—Month—1943
Sales
letter of
.
putting up for sale on
Period End. February—
Stamy, who has been director ,
He continues in charge of the com¬
headquarters in Detroit.
President J. S. Reid stated that Standard Products has been awarded
several new orders for specialized aircraft parts which will go in pro¬
Stock distributions of 5%
ready
'
.
pany's engineering, with
He made
exploration."
1942; none
engineering, to Vice-President.
of
Oct. 1, last,
It is understood that at
to enter competition
:'
"mere
the,
March 25.
dividend of 25 cents per share on
a
also advanced, Dave R.
directors
The
commenting on the
the company's elec¬
On the contrary, it appears
electric properties.
declared
The directors have
. ,
<<
. -•1,
* *-, ,'* v
share has been declared on the common
stock, par $5, payable April 1 to holders of record March 24. "'
Similar distributions were made on April 1,
July 1, Oct. 1 and
Dec. 15, last year, and, in addition, the company on the last-mentioned
date paid an extra of 25 cents per share.—-V. 158, p. 1382.
Bonds—
25-Cent Dividend-
Pay
?
,
capital stock, par $1, payable April 10 to holders of record
distribution of 15 cents per share was made on Aug. 15,
1151.
A dividend
$3.39
Co.- -To
Products
Standard
exploration of the receptivity of the company to a firm bid when
if one can be procured at some indefinite time in the future."
.
550,00
"On
a
Pyle-National Co.—25-Cent Common
*
income
companies in the
ended March 18,
174,609.000 kwh.
of 8.1%.—V. 159,"
1190.
p.
I cannot see that the Bonneville Administrator's letter con¬
firm bid with cash on the barrelhead for the acquisition of
—V. 159, p.
accruals—3,034,843
reserve
income
Gross
•'•Net
;
188,759,000 kwh.; as compared with
for the corresponding week last year; an Increase
'
properties,
sonnally,
Natural Gas Co.—Earnings—
Ended—
*
Feb. 29, '44 Feb. 28, '43
12 Mos.
the- public utility operating
Co. system for the week
■
since.
President of the company, in
Administration's proposal to buy
Power
the company's
,
of
Electric
&
totaled
1944,
21. that it
to purchase
"Upon my return to Seattle, the Bonneville Administrator's
March 18 will be considered by directors.
Offhand, and to
above.—V. 142, p. 4031.
Associated Electric Co.
output
Gas
Standard
Called Exploratory—
Bid
Oklahoma
Output—
Standard Gas & Electric Co.—Weekly
,
Frank McLaughlin,
Bonneville
Co.—-Securities and
to the public will be $100. a
April 1, 1944, to date of delivery.
price
Offering
offer.
exchange
the
in
share, plus accrued dividends from
A
Sold—
°
See
Power
&
offered to the holders of
Co., a subsidiary,:
of Western Grocer
par)
Officia! Promoted—
the following
Light
($10
a
properties.
year, stated Mr. Hunter.
A total of 8.839 revenue pas¬
carried on the line on trips between Chicago, Twin Cities
and the Pacific northwest. This, Mr. Hunter explained, was an increase
of 4,098 over the same month of last year.
Revenue passenger miles
for the month totalled 5,972,261,
an increase of 2,989,468 over Feb.,
1943. During the 12 months of 1943 a total of 88,494 revenue passen¬
gers were carried.—V. 159, p. 1150.
Ohio-Midland
stock
plan of exchange on a share-for-share basis, with adjustment,
of dividends.
The underwriters have agreed to purchase the 6,351
shares not offered for exchange,
together with any shares not issued
under
..Paul J. Raver, Bonneville Power Administrator, made the proposal,
the company directors after the recent request of the City of Seattle
and the Puget Sound public utility districts that the Bonneville Admin¬
istrator act as negotiating agent for the purchase of . the company's
of last
March 16 regis¬
preferred stock
Chicago, heads the list of underwriters,
amendment.
Inc..
Co.,
to
sengers were
Long-Term Debt to Be
a
&
15,000 shares offered, 8,649 will be
preferred
7%
earlier than that due Sept. 1,
delivery in settlement of contracts under
Power Administration announced March
joint acquisition proposal to the company,
electric properties for $90,000,000.
Traffic Up 100% Over February, 1943—
Revenue passenger travel on Northwest Airlines during the leap year
month of February increased nearly 100% compared with the 28-day
Passenger
month
Allyn
C.
Of the
all the company's
presented
Commission's ■;
par).
A.
any coupons
Bonneville
The
had
-
with the names of others to be supplied by
Co.—$90,000,000 Bid for
Bonneville Power Administration—
Command.
•
($100
Puget Sound Power & Light
to hauling express on
addition
In
is
with
.Electric
ago.
year
a
Northwest.
the airlines'
of 13,626,126 pound, miles over total
increase
an
been
carry
1944, in order to be a good
the Code."—V. 157,. p.. 1537.
1943
Corp.—Registers With SEC—
corporation, wholesale grocers of Baltimore, on
the SEC 15.000 shares of 6% cumulative
The
was
issue need not
this
recently asked the Securities and Exchange
tered
not sufficient to pay any interest due March 1.
1944, on the 6%
collateral trust income bonds due 1950. ; We are
further informed that this information was filed with the Guaranty
Trust Co., trustees for this issue, on March 11,
1944. Accordingly,
under Section 40 ic) of the National Uniform Practice Code, bonds of
1943,
31,
March 14—
;
1944
$6,266,479 $67,796,474 $63,239,902
$6,598,316
Sprague Warner-Kenny
Interest on Collateral
Practice Committee of the National Association
of Securities Dealers, Inc., announces:
"We are informed that the board of directors of Portland Electric
Power Co. on March 9 passed a resolution declaring that the available
net
income of
the corporation for the six months'
period ending
Dec.
—Jan. 1 to
1943
pany.—V. 159, p. 1190, 1080.
The National Uniform
Increases—
Air Express
'
1190.
p.
Company
Trust Income 6s 1950—
& Co.*
Hopwood and Shields
1383.
approval to sell Gulf Public Co., a wholly-owned subsidiary, to G. C.'
Hyde of Dallas, for a base price of $4,660,000.
With the sale of Gulf, Southwestern will have completed the divest¬
ment of all its subsidiaries and will become solely an operating eom-
1151.
159, p.
on
Southwestern Public Service Co.- -Seeks Approval to
provides a full retirement
allowance.—V.
offering to stockholders and
of common stock applied for
>
share
per
Seil Subsidiary-
but not directors
10 officers,
employees and
all
covers
159,
—V.
such.
It
Week End. March 14
earnings
Gross
allowance for an employee who reaches
65 years of age and completes 10 years or more of service with the
company..
An employee who reaches 55 years of age and completes
10 or more years of service may be retired on an early retirement
The
as
,.
'
'
plan
-
as
and Dec. 27, 80.cents.—V. 158. p.
1944
first adopted by the directors .who explained that
they felt "that for the present certainly and most probably for many
years to come taxes on individual incomes will be so high that they
will preclude possibility of anyone putting aside from his earnings a
sum sufficient to provide for his needs when his productive days are
gone."
cents
50
of
April 15 to holders of record
follows: April 15 and Oct. 15„
were
year
Distribution—
dividend
a
payable
$10,
par
Payments last
period—
plan ' was
The
31.
declared
Southern Railway- -Earnings—
adopted a re¬
O. H. Qhalkley
Inc.—Rights to Subscribe—
Contingent upon effective registration under the Securities Act of
1933, and the making of an offer by the company, holders of common
stock of record at the close of business on March 25, 1944, shall have
the right to subscribe on or before April 6, 1944, for common sto<$c,
(no par value)
to the extent of 1 share for each 2 shares held.
The
subscription price is to be determined shortly before the offering Is
Northwest Airlines,
stock,
capital
March
Inc.—Retirement Plan
Co., * Ltd.,
&
at a special meeting
company's 3,500 employees, President
holders of common shares
The
^v^-Vv-jf^^^iV4'.■-■;'■
■■
the
have
directors
50 cents each;
tirement plan for
announced.
for
Seaboard Surety Co.—50-Cent
The
1044.
p.
Philip
stock.
%
*
i
159,
-,v
r
redemption as of June 1, 1944, a total,
of $24,000 of first mortgage 3 % % bonds, series A, due Dec. 1, 1961, at
104 and interest.
Payment will be made at the Bank of America Na-:
tional Trust
Savings Association, trustee, 300 Montgomery St., San
Francisco, Calif,—V. 157, p. 1276.
-V'-.. v
called
been
have
There
was
V.
Works—Bonds Called—
San Jose Water
,
ther Advance Made
Accumulations—
Account of
Pay Dividend on
To
Fur-
Philadelphia.—Radar Output UpUnder V-Loan Agreement—
The corporation's output of radar and radio equipment for the Army
and Navy is still continuing to increase, and in the first two months
of 1944 was substantially ahead of the same period last year, John
Ballantyne, President, announced on Marcir,l7.
He added that the company is borrowing an additional $10,000,000
under the terms of its $30,000,000 -three-year V-loan to finance this
increased production.
It had previously drawn on this credit, which
arranged in January, 1943, to the extent of $15,000,000, and the
new borrowings
will increase its use of the credit to $25,000,000.—
Corp.,
Philco
(Del.)—Weekly Output—
company for the week ended March 18, 1944,
as compared with 38,899,000 kwh. for the
year, an increase of 7.0%.—V. 159, p. 1150.
States Power Co.
Northern
Monday,-March 27, 1944
CHRONICLE
COMMERCIAL & FINANCIAL
THE
to
deduction of all charges, in¬
amortization, depletion, and taxes (in¬
and excess profits taxes),
$3.83 per share, as compared
with $35,060,001, or $3.22 per share for the previous year.
The 1943
earnings were after an appropriation of $8,000,000 from income for
Consolidated
net
profit for
1943, after
interest,1 depreciation,
cluding
provision
for- Federal
income
amounted to $42,889,797, equivalent to
cluding
arising out of
contingencies
:
the war.
Dividend payments in 1943 aggregated $2 per share,
paid in 1942.
•
/
were
,
the same as.
-
■
i
subsidiaries) at the close of
the year was $176,654,852.
Total current assets on Dec, 31, 1943.
amounted to $252,937,302, and total current liabilities were $76,282,450..
At Dec. 31, . 1943, the company's accounts receivable owing from
the
U. S. Government amounted
to $27,109,817, of which amcunt $10,792,657 represents amounts arising from the sale of products manu¬
working capital (excluding European
Net
The balance consists
factured by the company.
for
due
ship charter hire, the
principally of amounts ■
compensation -for ships (title to .which
claims on ships, and
"
requisitioned-by the Government), insurance
claims for extra transportation: costs, (due to the
was
in
company's tanker fleet)
requisitioning of the
moving products to-the East-Coast.:
has contracts with the U. S. Government under which
agreed to erect facilities reeded for the war effort and
the Government agreed to advance part of the cost of these faciliites;
Cash so advanced is being repaid from part of the proceeds derived
The
the
from
1943,
that
at
company
company
the company owed the
of
end
the
year-end.
At Dec.
as
manufactured by these facilities. At Dec. 31,
Government $19,761,687 for advances to
approximately $2,250,000 was unexpended
and is included in the company's cash at th<*
the sale of products
date
which
cf
' •
31,
amount
the year
•
-
part of the purchase price
year,
notes
the sum
bearing
•
owed the U. S. Maritime Commission,
of five tank vessels purchased during the
194.3, the company
of $11,191,620, represented by 15-year
interest at 3Va%
per annum.
This
serial mortgage
indebtedness is
in a construction
Merchant Marine
amount the company is required to use in part pay¬
partially offset by the sum of $7,270,090.20 deposited
reserve
fund established under Section 511 of the
Act, 1936, which
ment
On
tion
for such
five tank vessels.
*
April 29. 19^3. the company paid $6,750,000
its outstanding 10-year serial notes.
of
in complete liquida¬
:
.Volume 159
The
v-..:'"
...
cooperate to the fullest possible extent
the Government in its endeavor to increase
branches
various
of
$279,000
in
1942.
I
:
Co. and
■
■
Account
Income
Years
Calendar
for
1943
the completion of several fluid catalytic cracking, alkylation,
other refining units in the first half of 1944, .the company will
1942
1941
1940
$4,112,110
1,930,771
$4,444,213
2,181,652
$4,018,167
1,991,471
sales
of
Cost
2,519,316
The
and
■
further increase its production of 100 octane aviation gasoline. .
The Neches Butane Products Co.
(30%
of the stock of which
•
such
Gross
.
and the remainder by four other oil com¬
operation a Government-owned plant for the
the principal ingredient of synthetic rubber.
»This plant was constructed for the Defense Plant Corporation and is
operated for the Rubber Reserve Company, both Government agencies.
In
August, 1943, the company, together with seven other oil com¬
panies, organized War Emergency Tankers, Inc., for the purpose of
.operating ocean-going tankers for the War Shipping Administration.
Approximately 5,100 of our employees, men and women, are serving
in the armed forces of our country and her allies.
Others, because of
their technical or specialized, skill or ability, are in Government service
in civilian capacities.
All of these employees are on leaves of absence
from the company.
We arc proud of these men and women and the
services they are rendering the country.
*
owned
placed
has
for Fed.
$720,222
valuable
ability
to
307,200
in
on
pfd.
stock
35,000
34,997
com.
stock
184,850
277,270
$0.82
$0.74
$1.10
share
per
Cash
Dec.
31,
•Leased
increased
company
substantially
tReal
(acres)
equipment
(less amortization)
Prepaid
expenses
'
__
of Arabian
charges,
Standard
Co.i, 50%
Oil
partment,
Board,
recommendation, of
the
of Staff,
Joint Chiefs
with
and
approval
the
the
Arabian
(2)
and
the Navy De¬
content
of
reserves
approval of
'
Government.
many
its Executive
industry, as well as. this
confronted.—V. 159, p. 1191.
'
(
„
7
-
share
per
'
c
*
,
"1
'
^
i
Period End. Feb. 29—
of
;
Gain}
cf Income
Statement
-Employment costs:
1944—2 Mos.—1943
.
u
Title Guarantee & Trust Co., N.
•
•
Albert
as
^
(Corporation and Subsidiaries)
1943
1942
$1,976 C44,751 *$1,862,951,692
a
lieutenant
in
Y.—New Trustee—
War
7*' '
;.
'•;*•
•
• •/.- •'
;•;; •'.*;• ■"
\ •
Int.
William
Carbide
F.
Barrett
connection With
on
current
the
resigned as director and will continue his
a general consultant and advisor
activities—V. 159, p. 1192.
Dec. 31,
compared
annual
$412,135 in 1943—
:
of
with $377,906
report released
for the calendar year 1942, according.,to the
for publication March 20.
The 1943 net was
equivalent to 82 cents per share on the outstanding
compared with 74 cents per share in 1942.
,
J
company amounted to $412,135 for the year ended
1943, after all charges and provision for Federal income taxes,
profit
common'stock,
Sales of the company, including gross income from service fees on
operations of its subsidiary finance company, were at a new high
applied
years and
(25,000 of
1943).
$5,190,735 will be applied to the
charge, less certain credits.
the extent necessary, will
of
20,
not surrendered for conversion
the redemption thereof if none
all
the
of
to the redemption at 102'% on or about April 27, 1944
company's convertible debentures (of which, on March
were- outstanding
and
requiring $1,802,340 for
there
1944,
$1,767,000,
such
of
of
converted
were
redemption).
The
the debentures
now
of
date
of
sale
debentures
the
company.
March
between
remainder
the
of
20,
and
the
from
the
1944
proceeds
net
offered will be added to the general funds
.
,
'
^
principal underwriters . and the
principal aVnounts thereof which each has severally agreed to purchase
Underwriting—The
are
follows;
as
names
of
the
1
1
•
Laurence M. Marks & Co.
300,000
Bear,
Merrill,
150,000
550,000
Maynard H, Murch & Co,
Paine,
Webber,
Jack¬
& Sons—
150,000
Corp..
650,000
Riter & Co.
L.
Read & Co.—$1,000,000
Dillon,
Stearns & Co.—150,000
A. G. Becker & Co., Inc.
250,000
Alex.
Brown
First
The
Boston
above
other
costs
costs
applicable
24,245,901
32,664,901
648,401,343
.
91,765,371
31,962,146
4,434,013
to
years—__%)
Crl,123,261
________
25,000,000
25,000,000
6,251,462
6,153,392
41,566,379
200,000
Weeks—
Tucker,
Co.——
150,000
350.000
Peabody & Co._
Co
550.000
300,000
Dean
Hornblower
W.
&
Hutton
E.
Kidder,
88,000,000
——I™ 1—
—
stock ($7 per sh.)__
on
cum.
Divs.
on
common
$63,448,546
25,219,677
stock
needs___—
34,813,008
$3,415,861
*$11,215,884
.
($4 per sh.)____
Carried forward for future
*$71,248,569
25,219,677
34,813,008
pfd.
Earnings per common
''After
$1,913,396,205 *$1,791,703,123
..
share—$4.39
adjustment for
; v
$5.29
renegotiation of contracts—V. 159, p. 1193.
Inc.—Debentures Offer¬
3%% sinking fund debentures
Universal pictures Company,
ed—An issue of $7,500,000
due March 1. 1959 was
est
by
an
offered March 23 at 99 and inter¬
offering syndicate headed by Dillon, Read &
Shields
Stein
G.
100,000
150,000
'
Curtis—
200,000
100,000
H.
&
500,000
150,000
300,000
350,000
Company—
Bros.
&
Boyce—
Anthony
& Co,_.:
Walker & Co.—
Witter
&
200,000
Co—
200,000
Yarnall & Co.——
Convertible Debentures April 24-—
To Redeem
convertible debentures, due April 1, 1950,
debentures are being called for redemp¬
and accrued interest at principal office of
Manufacturers Trust Co., 55 Broad Street, New York City.
Interest
on the debentures shall cease to accrue from and after the redemption
Holders of
10-year 5%.
the
being notified that all these
are
tion
at 102%
April 24,
on
to and including the redemption
certificates for common stock on the basis of
stock if converted before April 1, 1944,
for each $1,000 principal amount of debentures, and (b) 40 shares of
common stock
if converted oh or after April 1, 1944, and on or prior
to the redemption date for each $1,000 principal amount of debentures.
At their option, holders of debentures may surrender them, with all
unmatured coupons, subsequent to March 27, 1944, and prior to the
redemption date, and receive the full redemption price and accrued
debentures
The
(a)
convertible,
are
into
voting
trust
44.44
shares
of
date,
159,
common
1081.
p.
Utah Metal & Tunnel Co.—Merger
Approved—
of this company with National Tunnel
The proposed merger
& Mines
both companies on Mar. 20,
Metal for one share of Na¬
tional Tunnel and change of shares of the latter company from no-par
value to a par value of $1 per share.
The properties of the two com¬
panies adjoin each other in the Bingham, Utah, mining district.
National Tunnel & Mines Co. is a subsidiary of Anaconda Copper
Co., which was approved by stockholders of
calls for exchange of four shares of Utah
Co.-—V.
Mining
159,
p.
1082.
Valve Bag Co., Toledo, Ohio.—To
St. Regis Paper Co. above.—V. 159, p.
See
Dissolve—
1193.
•
Co., Cleveland—Sues To Get Court
Ruling On Renegotiation Provision—
The
company
District of
the
to
obtain
ment
to
has filed suit in the United States District Court for
Federal Declaratory Judgment Act,
Columbia under the
judicial ruling as to the proper construction of an
the renegotiation law.
a
amend¬
renegotiation law, which went into effect as of April
28, 1942," L. D. McDonald, Vice-President of the company, said in
commenting on the suit, "did not include sales to the Defense Plant
Corp. as being subject to renegotiation.
"Over a year,later—effective as of July 1, 1943—Congress amended
the Renegotiation Law so as to include, for the first time, Defense
Plant Corp. business; and this provision has been interpreted by the
services as being retroactive to April 28, 1942.
The question we want
the Courts to decide is whether or not Congress intended to make this
"The
*153,070,000
out of war--——
on long-term debt
costs-—————-—':-——
Income
&
& Co.—
Rothschild & Co.—
150,000
350,000
48,255,157
applicable to
miscellaneous taxes—
Divs.
&
son
F.
Turben
Stone & Co.—_
Hemphill, Noyes & Co.„
original
provision
ture
retroactive,
the
of
and
amendment
W. A. R. Realty
Pursuant
Total
%
Net
•
Estimated Federal taxes on income™—
has
Tilo Roofing Co., Inc.—Earnings
'
be
•• •
organization as
and post-war
additional
State, local and
Carbon Corp.—Director Resigns—■
&
included
provided for in prior
and
725,7*0,899
$53,266,896
26,012,577
33,650,490 %
—
services
this period arising
•
Union
costs
and
the Naval Reserve.
v..
and
Estimated
also announced the following promotions:
Douglas
iMcXee, from Assistant Vice-President to Vice-President; Frederick J.
.Kaiser to Assistant Manager of the Jamaica office, and Glenn N.
Carnow to Counsel in the White Plains-office.—V. 159, p. 387.
,»••• ••
'
.
bought———706,763,355
Depletion and depreciation
85,163,300
Amortization of emergency facilities—
43,652,882
Loss on sales of plant and equipment-—
5,192,125
company
4
—__
and
Products
announced on March 21 the election of Albert B. AshJr. to the boaid of trustees.
He is Senior Vice-President of
B. Ashforth & Co., Inc.; real estate brokers, and now is serving
The
sold
salaries
—
Social security taxes—
Payments for. pensions^__^.—^
Wages
The company
forth
of four
contracts
30,
ing premium, stand-by charges and service
The
estimated balance
($1,904,740), to
Warner & Swasey
and services
Products
'
1081.
p.
period
a
pursuant to
to Oct.
1943
subsequent
Of such net proceeds,
$7,095,475.
at
this issue.
$2,054,934
$1,545,835
$3,573,934 $2,974,835
The above sales include those of Joseph Stokes Rubber Co.—V. 159,
•Sales
>
corporation covering operations for the
1943/together with remarks of Irving S. Olds,
Chairman of the board of directors, comparative income
account and balance sheet will be found elsewhere in
Consolidated
1944—MonthV-1943
'
within
issue
30,
issued
were
prepayment, on or about March 27, 1944, or $5,018,000 secured notes
to be outstanding on that date under the 1943 loan agreement, includ¬
year
(& Domestic Subsidiaries)---Sales
Thermoid Co.
warrants
to
Oct.
from
months
which
on
Calendar Years—
'•>'
obligated
interest.—V.
Co.—$1,25 Distribution—
report of the
and its subsidiaries, will be
company
prior
or
is
Graham, Parsons & Co.-
before
United States Steel Corp.—42nd Annual Report—The
•
.the
10-Cent Spe-
M,
l'>
the
the
of
Vice-President to study the post-war problems with whmh
and
.
the $3 cumulative and participating
preferred stock and one of 50 cents per share on the common stock,
no par value,
have been declared, both payable April 1 to holders of
record March 23.
'Like amountsi were disbursed on Jan. 3, last.
A
total of $6.25 per share was paid on the preferred stock during 1943,
while the common received $3.25 per share.—V. 158, p. 2518.
;%
only and. the
the company has had a committee. composed
other key employees under the chairmanship
months
Vice-Presidents
•.
United Milk Products
Post-War Planning
>-■' For
on
warrants for the purchase of 125,000 shares (exer¬
to April 1, 1956 at $10 per share) which the
for
1943
30,
.
company
W. C. Langley &
definitive contracts containing
of the parties, which contracts are subject to
the boards of directors of the parent companies and
agreements
486.
p.
A dividend of $1.25
below the market price in the Persian Gulf
the signed memorandum was an agreement in principle
$4,374,650
depreciation reserves of 332,173
fIncludes scrip of 22 half shares in
tAfter
1942.
with presentation of a
pro forma income statement of United Corp. showing the effect of its
proposed reorganization plan.
United Corp. is the largest holder of
UGI common shares,
owning a total of 6,066,220 shares.
Mr. Hickey said that if such a special dividend were paid bv UGI
the
United Corp.
would receive $606,622.
After pointing out that
such a dividend was believed to be non-recurrent, he intimated it might
be some time before UGI would be in a position to pay a dividend of
approximately this amount again.
Mr.
Hickey also said anticipated earnings of Philadelphia Electric
Co. for 1944, according; to its budget, would amount to $1.44 a share
on
the common
stock, against $1.37 a share in 1943.
He declared
earnings of Delaware Power & Light Co. would be equal to $1.03 a
share on the common in 1944, as compared with $1.10 on common for
1943, according to a pro forma statement which reflected present
.capitalization which was consummated last October.—V. 159, p. 1081.
lower at time of delivery.,
fthe
Oct.
cisable
earnings for 1943.
Mr. Hickey made this statement in connection
mili¬
the military forces of
of the recoverable oil
If the total proven reserves be less
•companies involved are now negotiating
between
Rogers.
,
region for
:oil of like kind and gravity at the time and place of delivery, or at a
discount of 25% below- the average of the market prices in the United
/States for oil of Tike kind and gravity, whichevei of such prices is the
<
dated March
the company and Standard Capital Co, and Charles
' •
The remaining 107,000 warrants outstanding at Oct. 30, 1943 were
originally issued to certain officers and employees. •
,
In
addition,
shares of common stock
(vtc)
were
reserved as of
1936,
14,
R.
Hayden,
This oil will be sold to the Government at a
barrels.
in
#
petroleum reserve available for naval and
the companies'
five billion
than
discount of 25%
of Ibthers,
Such warrants were isued pursuant to a contract,
Hickey,; President of United Corp., on March 22, in his
the SEC on United's voluntary-reorganization pro¬
gram,
said it is expected United Gas Improvement Co. will pay a
special dividend of 10 cents. on its; common stock in June.
Mr..
Hickey said : such a' dividend would, be paid by UGI out of surplus
tary needs for the account of, and purchase by,
the United States of one billion barrels, or 20%:
$233,654
159,
William
Oil Co. and Gulf Exploration Co. als'o agree
(3> Arabian American
Dr2,074
$3,732,095
receivable.
notes
and
1943
testimony
■agreed. upon,
to establish a crude oil
444,165
Dr2,074
shares I
cial Dividend—
.amortization within a period of 25 years of the entire investment,
together with interest and, such return to the Government as may be
•
_
United Gas Improvement Co.- -May Pay
(originating from their respective concessions in Saudi Arabia and the
sheikdom of Kuwait) sufficient to cover the cost of operation and the
,
,
—_______
(2,084
625,000
464,200
50,000
1,285,642
444,165
625,000
464,200
50,000
1,477,926
($20 pari
par)
—
stock
1941.—V.
Exploration Co. agree in
guaranteed quantity of oil
Gulf
exercised by the holders thereof
1944); also warrants for the
29,
Blyth & Co., Inc.-———
and Navy
transport crude petroleum from areas
the eastern end of the Mediterranean)
the pipe line a minimum
($1
contingencies
.""Includes
and the Army and Navy Petroleum
Department of State, Secretary
Oil Co.
American
91,240
34,323
279,000
53,335
62,700
94,030
307,200
61,611
Total
in
Sea.
effect to tender to
157,459
_
—_
surplus
*
trunk pipe line system to
for
Capital
Conditioned
a
stock
Treasury
of the
the Persian Gulf to a port on
on
-
bonuses,
payable
preferred stock
convertible
surplus
in principle, covers the following:
upon obtaining the sanction of the rulers of Saudi
Arabia and Kuwait, and subject to the working out of a satisfactory
definitive contract. Petroleum Reserves Corporation will construct and
"own
for
income
on
Earned
This agreement,
(1)
$900,000
.87,120
income
Reserve
Ickes, on Feb. 6, 1944, acting as President of Petroleum Re¬
serves Corporation, announced that an agreement in principle had been
signed by that corporation with Arabian American Oil Co. and Gulf
"Exploration Co.
employees
and
accounts
taxes
tCommon
Harold L.
•
$52,577
—„
—
Accrued State and other Government, taxes——
American Oil Co.
War Department,
payable.^
■
commissions, etc.
Staff, and the War Production Board have recently approved the erec¬
tion of a refinery to be located in Arabia on the Persian Gull'.
This
Under
$4,374,650
_
—
officers
Deferred
were
Feb.
and
Purpose—Net proceeds to be received by the company are estimated
payable
accounts
Federal
American Cil Co. (formerly California
owned by the company, for the year
refinery will be owned and financed by the Arabian
96,362
$3,732,095
_
_
to
Due
after taxes
,1943 was added to its reserves for war and other losses.
The Petroleum Administrator for War, the Joint Army
_
LiabilitiesNotes
•TTrade
9,539,599 *
—
net profit,
15,337
102,482
428,881
1,918
1,966
87,340
_
,
1943
or
to purchase from Carl Laemmle, individually and as repre¬
the majority stock interest of the Pictures Com¬
right
pany.
two
Total
815,192
8,724,407
American Oil Co.—The consolidated
—
Patents
held at
—
.'
other
Arabian
___
Co.
sentative
32,965
3,158
561,775 '
365,693
13,771
239,374
397,759
and employees
estate, and
$1.40
Total,
and
assets
cn
1,641
which
(of
30,
of 328,866 shares of common
before April 1, 1956 at a price of
purchase
the
company
*331,306
■
assignment and setting over to the company by Standard
and Charles R. Rogers of an option, dated Nov. 1, 1935,
Standard Capital Co. and Charles R. Rogers were given
transfer,
the
*93,451
2,545,164
-
_
from officers
Due
large
its
company
Inventories
1943. was;
Arabian
finance
from
Due
the
$7,500,000
571,942 shs.
$7,500,000
>
2,000,000 shs,
of
whereunder
$493,157
17,298
for
warrants
of
Oct.
Capital
1942
$386,386
$1)__
(par
Financing)
Outstanding
Authorized
share
per
to Present
(Giving Effect
Stock
2,500 shares of common stock ivto at a price of $10
per share to Dec.
15, 1944 (all of which were exercised at $10 per
share, subsequent to Oct. 30, 1943).
The warrants for the purchase
of 2,500 shares were issued in 1939
to an independent producer.
Of the outstanding warrants at Oct. 3QV 1943,
111,283 were issued
to Standard Capital Co. and 110,583 were issued to Charles R. Rogers.
The issue of such warrants
(together with 700 additional warrants
issued to Charles R. Rogers)
formed a part of the consideration of
31
2,210,611
11,896
__
receivable
accounts receivable
Other
and mineral fee (acres).
tFee
:'
the
Dec.
1943
——1
receivable
Miscellaneous
gas reserves'and will add
increase the volume of its
in Louisiana. Texas, and California.
prospective acreage in the United States
Sheet,
'
demand deposit and on hand—___—
on
Accounts
1943
year
Balance
Instalment .accounts
reserves
and
$10
the
Consolidated
Capital
______
(vtc)
between
and loss accounts.
Assets—
and
stock
"Includes
1940 was charged to other profit
1941 and $25,260 in
$28,363 in
1942,
2.90%
sinking fund debs., due 1959____
stock
During the fiscal
of consolidated film rental Income
from serials, 2.68% from newsreels,
from short subjects and other sources.
88.35%
1943,
features,
from
Warrants
provision required for Federal excess profits taxes.
amortization was provided during 1943 in the
$52,573 in 1942; $52,034. in 1941 and $49,844 in
1940, of which $27,764 in 1943, $24,821 in 1942, $23,671 in 1941 and
$24,584 in 1940 was charged to costs and $25,225 in 1943, $27,752 in
Arthur Brewer
30,
Oct.
Debt
Common
Depreciation
and
of $52,989;
Miscellaneous
the
gas
Producing
3%%
165,323
$526,226
24,292
397,193
$1.08
Note—No
in its history.
During
247,000
$377,906
amount
,
natural
279,000
$412,135
>—
motion
pictures
(other
than
newsreels and
made in New York City) is caried on by 'the
Funded Debt;
purchase
petroleum products.
company
*
other
and
States
United
from westerns and 4.71%
Funded
,
"On 462,126 shares of common stock outstanding.
materially increased its geological and geo¬
physical activities and the drilling of exploratory wells in an intensified
search for new crude oil reserves.
Discoveries of new fields were few,
relatively unimportant as to size, and on the whole generally disap¬
pointing,
Additions to the company's reserves, as in the case of the
industry generally, resulted principally from deeper horizons in exist¬
ing fields, extensions made in such fields, and the revision of esti¬
mates of the crude oil reserves in known fields.
Discoveries during
1943, exclusive of reserves acquired by purchase, resulted in a. small
increase in the company's reserves for the year, with the result that
the company ended the year with the largest domestic crude oil reserves
The
'
*
on
"Earnings
interest, are under construction and will be placed in operation early
in 1944.
The operation of these plants will constitute an effective con¬
of
4,519
Divs.
Oklahoma, and Indiana.. The producing properties thus acquired have
a daily gross crude oil production of approximately 7,700 barrels.
Two large cycling plants, in which the.company owns a substantial
company's
$696,068
17,991
——
•
conservation
$805,394
50,320
Divs.
approximately 12,000 shares of the capital stock of The Texas Co.),
developed and undeveloped acreage in Texas, Kansas, Illinois,
the
$707,226
886
,
the
in studios located In Universal City, Calif,
received
was
in
production
of
short' subjects
ended
year
55,182
$540,403
33,941
369,691
and
to
$640,885
45,082
taxes on
income
Net
Operations
Co., Lewis Production Co., Montour Production Co.,
the
1,385,811
$754,429
50,966
——_
income
income
.
to
1,508,133
$662,144
$720,222'
•
deductions—
Prov.
Co., and Stark Gas Co. for approximately 296,000 shares of the capital
stock of The Texas Co.
The assets included cash, securities (including
substantially
1,519,196
licensees
The
certain
1.36%
Total
Other
.
tribution
.
t
___
profit-—.-.
Other income
Producing—Company's gross crude oil production aggregated 84,barrels in 1943, compared with 76,669,706 barrels in 1942: net
production for these years was 71,900,500 barrels and 65,310,919 bar¬
rels, respectively. '
The company on Dec. 30, 1943, acquired all the assets of Selby Oil &
war-time
1,771,201
general expenses
Operating
639.468
,
,
,
pictures
and
$2,026,696
$2,262,561
$2,181,339
office, selling &
of motion pictures
and short subjects,
through subsidiaries
parts of the world.
is
features,
company
in
of butadiene,
Domestic
Gas
.
by The Texas Co.
panies)
manufacture
profit ——$2,491,422
Branch
is
Universal
to
company
including
sub¬
13,
Pictures Co., Inc.
engaged
in the
production
serials, newsreels, westerns
being distributed by the company
changed
was
Upon
March
on
fa
into Universal Corp., which was incorporated in
1936.
The name oi the surviving corporation
merged
was
Delaware
$5,010,738
Sales
including The First Boston Corp., Blyth & Co.,
Inc., Kidder, Peabody & Co. and Shields & Co.
Company—As of June 25, 194!) Universal Pictures Co., Inc.
sidiary)
Consolidated
classed as critical.
manufacture of products
the
.v.,-.
••
•
effort.
war
The sulphuric acid alkylation
stantial increases in
'•
subsidiary
/:
'
'
'V
plants mentioned in our 1942 report asbeing under construction were placed in operation in 1943, and these
and other facilities completed during the year, are responsible for sub¬
of its
i the effectiveness
"
...
against $4,112,110 in the preceding
Provision
for Federal
income taxes, including $50,200 for
companies, amounted to $307,200 in 1943, compared with
year.
,
.■
.
totaling $5,010,738 in 1943,
record,
Company's War Effort
The company has continued to
with
1291
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4267
to
an
is
if
so,
whether or not
constitutional."—V.
the retroactive fea¬
158,
p.
1385.
Corp.—Distribution to Bondholders—
order of
Judge Bernard Botein of
the New York Su¬
Cqurt, dated March 16, 1944, the Continental Bank & Trust Co.,
successor trustee, 30 Broad St., New York,
N. Y., has been directed to
preme
received from the sale
outstahdirs
6% coupon
gold bonds at the rate of $150 for each $1,000 principal amount of
make
of
a
the
pro
rata distribution, out of the moneys
Ziegfield
Hearst-Brisbane
Theatre, on account of principal of the
Properties first mortgage and leasehold
bonds.
■
Bonds
,
at 39
above $150 and for
should be presented to the office of the trust company
York, N. Y., for payment of the
stamping.—V. 151, p. 1588.
Broad
St.,
New
Wheeling & Lake Erie Ry.—Offering
Withdrawn-
Fenner and Beane announced March 18
that the special offering of 2,200 shares of common stock (par $100)
had been withdrawn.—V, 159, p. 1194.
Merrill
Lynch,
Pierce,
THE
1292
COMMERCIAL & FINANCIAL
Cily Department
State and
BOND PROPOSALS
'
AND NEGOTIATIONS
Tucson, Ariz.
Proceedings
Opened—Carl M. Hitt, City Clerk,
for
that four proposals for
proceedings contracts for the pur¬
chase of the properties of the Tuc¬
son
Gas Electric Light & Power
Co. were opened by the Council terest.
reports
28
press,
favor of acquiring
in
ballots
Power
Co.,
against
the
the
Electric Light &
while' 1,031 voted 7.""
Gas,
Tucson
By the
proposition.
proponents
plan to have the city own
out.
In contrast, last October's elec¬
Los
the Utility won
"V
tion, called for the same purpose,
turned out 3,042 of the electorate.
1,655 persons turned
thumbs down on the scheme to
At that time
voters
1,387
of it.
October
outnumbered
yesterday's
favor
in
voted
plant, while
the
phrchase
by 884.
Angeles Acquisition and
interest;
thereafter to
interest;
thereafter to
1947, at
Jan. 1, 1948,
July 1, 1952, at
Jan. 1* 1953,
July 1, 1958, at
Jan. 1, 1959,
m aturity,
The
present
1944 for its "Special Fund."
The award will be made to ,the
bidder offering the lowest rate of
and
101
and
will
bidder
101, the inter¬
lips
on
provement District
calendar
period. For
of 1943, reve¬
year
totaled $36,123,722.
nues
Gasoline tax
in Feb¬
increased
to $890,487 from $687,455 in
February, 1943; cigarette taxes to
$226,228 from $189,463; beer taxes
ruary
to
$107,5-32 from
$99,756; and
liquor
taxes
to
$113,826 from
$101,269. Auto license fees drop¬
ped;; from $511,697 last year to
$434,227, while sa^s taxes also
decreased
from $752,416 to $739,-
107 for the month.
Liquor, beer, gasoline and auto
receipts dropped during
months as compared
with
the
similar
preceding
months, with cigarette taxes and
license
the last eight
sales levies
showing
%
Hot Snrintf*, Ark.
Bond
Sale
Details—In
1957, $8,000 in 1958 to 1960,
to
|7
Warrant
tax
100,000 3y4% refunding, issue of
1944.
Due April 1, as fallows:
S% airport bonds to the First Na¬
$1,000 in 1966, $11,000 in 1967
tional Bank and Leftwich & Ross,
for
Sale—The
Memphis at 112.16, a net
cost'of 1.80%, report of
which appeared in v. 159, p. 882,
learn that the bonds have now
issue,
as
follows:
into
a
$243,000
turity
$112,000 matur¬
$13,500 in 1954, $14,000
IVzs; and $122,000 ma¬
turing Feb. 1, $14,000 in .1956,
$14,500 in 1957, $15,000 in 1958,
$15 500 in 1959 and 1960, $16,000
in 1961, $16,500 in 1962, and $15,000 in 1963, as lVks. Interest F-A,
Rector
School District No. 46
(P. O. Rector). Ark.
-
1955,
Authorized
To
Issue
Bonds
—
The Arkansas State Board of Edu¬
any
on
upon
or
interest pay¬
after April 1,
terms of par and
of Chicago, as
were
as
Kentucky (State of)
Proposed
Federal Tax Limit
Amendment Approved—The Ken¬
Bank, Chicago
Paine, Webber ' Jackson &
Curtis; C. P. Childs &
Co.; Central Republic Co.,
Rice
Daniel
and
Federal
1Q0.202
% '<
O. Foster.
reports that at the elec¬
held recently the $40,000 im¬
Mayor,
tion
provements bonds were
defeated.
Lyon County (P. O. Rock
Rapids),
Iowa
Sale
Bond
$250,000 pri¬
The
refunding bonds of¬
on
March 22—
road
mary
Bonds
—Pohl
Newport, Ky.
Offered For Investment
Cincinnati, are
Co., of
&
$153,000
offering
school
2V2%
building revenue refunding bonds.
Dated April 1, 1944.
Denom. $1,000.
Due
April 1, as follows:
$7,000 in 1945 to 1959, and $8,000
in 1960 to 1965.
Principal and
sale
for
fered
—
25% during
peacetime. This is the 16th State
100.045 to have acted favorably on this
proposed amendment.
Jonesville, Iowa
Bonds Defeated—W.
submit for
to
Congress
ratification, a proposed constitu¬
amendment to limit the
tional
Federal income tax to
F.
Co
&
resolution
the
Co.,
Trust
Chicago,
Legislature has approved
memorializing the
tucky
.
Int. Rate Price
Chi¬
and First National
cago,
follows:
$1,500,000 corporate
iy4%.
v.
Tenders Wanted—J.
City
Clerk,
H.
Spivey,
reports that he
(EWT)
or
1943.
C
April 18, of series A,
refunding bonds, issue of
Tenders to designate the
on
price at which such bonds are of¬
fered to the city, wt7h offering
must be firm for 10 days subse¬
quent to the date of opening such
tenders.
as
forest
as
was
First National Bank,
as
preserve
1 lk %.
preserve
1%%.
£•;"•..
#
•
Sac County (P.
of $28,-
improvement bonds were
at
the election held re¬
cently.
INDIANA
Indianapolis School City, Ind.
Offering—A.
Business Director Board
B.
price
a
of
81
No.
all
and
''"77'
.7
statutes
Kentucky
and laws
of
pertaining thereto.
fered
will
to the City
be
awarded
Treasurer. '
v
.
•
LOUISIANA
'■'777 7 7-'7>* 77'.
O. Sac City), Iowa
Sale—The
the laws of
other
New Orleans,
La.
pri¬
$350,000
Bond Call—The Board of Liqui¬
of¬ dation, City Debt, at its meeting
district
fered, for
sale
on
March 21—
recently, adopted a resolution to
district v. 159, p. 1984—were awarded to call for payment on July 1, 1944,
Halsey, Stuart & Co., and the 2% public improvement bonds.
mary
Township (P. O. Rey¬
Bonds Voted—An issue
at
the laws of
100.369.
,•.
as
%s,
for
Chicago
000 road
Note
highest bid¬
the Northern Trust Co.,
and
by Chapter No. 109 of
Kentucky and Chapter
amended
The bonds of¬
to the
highest and best bidder.
Enclose
both of a certified check for $500, payable
1948, $40,000 in 1949 and $114,-
000 in 1950. The next
der
as
nolds), III.
voted
follows: $10,000 in 1945
as
road
Good,
of School
refunding
National
Central
Perryton
will
receive sealed tenders until 8 p.m.
B
warrants
warrants
Inverness, Fla.
May 1
Bond
forest
150,000
Co., of Des Moines, as %s, paying
a price of 100.59, a basis of about
0.63%. Dated May 1, 1944. Due
to
warrants as
1%%.
350,000
accrued interest.
1953,
in 1955, as
on
ment date
ing Feb. 1, $11,000 in 1947, $11,500
in 1948, $12,000 in 1949 and 1950,
$12,500 in 1951 and 1952, $13,000
in
KENTUCKY
Trust
Bidder—
Nicolaus & Co.,
5,500.000 corporate warrants
1968, $12,000 in 1969 and
1%%. 77.7:
1970, $13,000 in 1971 to 1973, 7and $14,000 in 1974.
500,000
highway
warrants
Optional
iy4%./'.
.
for
redemption
in
inverse
numerical order prior to ma¬
1,240,000 highway warrants
interest
converted
&
bidders
Other
Northern
$9,240,000
and
both of
we
;
and White-Phil¬
%s, at a price of
Co., for
follows:
anticipation warrants offered
sale
on
March
15
were
awarded to Stifel,
1966.
in
tion with the sale of the $200,000
been
'•
100.309
,
$9,000 in 1961 to 1963, $10,000
in 1964 and 1965, and $9,000
connec¬
*/*'/<■
•
interest (A-O)
payable in New
159, p. 1084—were awarded to York City.
Legality to be ap¬
Halsey, Stuart & Co., and the proved by Chapman & Cutler, of
Central National Bank & Trust Chicago.
'
000. Due Oct. 1, 1943 to 1964, op¬ from bond houses will be wel¬
tional April 1, 1941 to 1953. Pay¬ come with the understanding that Co., of Des Moines, as %s, paying
Russell, Ky.
a price of 100.58, a basis of about
able at the First National Bank, no expense or obligation is in¬
Bond Offering — Clyde S. Eng¬
curred by the city in connection 0.632%. Dated May 1, 1944. Due
Julesburg.
with the submitting of proposals. May 1, as follows: $15,000 in 1945 land, City Treasurer, will receive
FLORIDA
Further information may be ob¬ to 1948, $50,000 in 1949, and $140,- sealed bids until April 1 for the
Auburndale, Fla.' :
7
of $3,000 4% " water
tained by communicating with A. 000 in 1950. The next highest bid¬ purchase
Bond Sale—The $260,540 bonds
revenue
bonds.
Denbm.
der was Harris Trust & Savings works
C. MacCohnell, City Clerk.
offered for sale on March
18—
Interest A-O. Due April
Bank, Chicago, Iowa-Des Moines $1,000.
v. 159, p. 1083—were awarded to
ILLINOIS
National Bank & Trust Co., Des 1, as follows: $2,000 in 1955 and
Ed. C. Wright & Co., of St. Peters¬
The-bonds are
Moines, and White-Phillips Co., $1,000 in 1956.
Champaign County (P. O. Urbana),
burg, as follows:
for %s, at a price of 100.36.
payable as to both principal and
III.
interest solely from and secured
$50,540 3xk% refunding, issue of
To Place Bonds 011 Ballot—At
Osceola County (P. O. Sibley), la. by a first lien on and pledge of a
1944.
Due April 1, as fol¬
the Spring election on April 11
Bond
Sale—The $194,000 pri¬ fixed amount of the gross rev¬
lows: $5,540 in 1945, $5,000 in
an
issue of $90,000 bonds is to
mary
road refunding bonds of¬ enues of the water works system;
1946, $6,000 in 1947 to 1852, be
placed on the ballot to provide
and $4,000 in 1953.
fered
for sale on March 23— and are further secured by a stat¬
the county with funds to pay bills
v. 158, p.
1084—were awarded to utory mortgage lien on said sys¬
110,000 3]/2% refunding, issue of and salaries for March.
1944.
Due April 1, as follows:
Halsey, Stuart & Co., and the tem as provided by Chapter .No.
Cook County (P. O. Chicago), III. Central National Bank & Trust 133 of the laws of the State and
$2,000 in 1953, $7,000 in 1954
increase.
an
Bank
National
100.359.
.
the
<
bonds.
Iowa-Des
Chicago,
Co., Des Moines,
Acquisition and Improvement
holders are requested to commu¬
ARKANSAS
District No. $8 Of the city, under
nicate with the fiscal agents in
the Refunding Assessment Bond
;"/iv
7 Arkansas (State of)
"*
order that the plan may become
?/vFebruary Revenue Increase Re¬ Act of 1935, and $hat sealed pro-'
operative at the earliest possible
will
be received
until date".
ported—Gross tax collections of posals
7
'777777'
the State of Arkansas increased to 10:30 a.m. on April 25, 1944.
Vero Beach, Fla.
$2,787,063 in February as . com¬
COLORADO
Refunding Proposals Wanted—
pared to $2,604,829 in the similar
The city is requesting proposals
1943 month, Murray B. McLeod,
Sedgwick, Colo.
for the refunding of its existing
Bond Call—Town 3 ¥2% refund¬
commissioner of the state revenue
ing bonds Nos. 8 and 9 are called municipal debt. The present debt
department, reported,
for
i r For the first eight months of the
payment on April 1, 1944. approximates $1,600,000, and is in
state's fiscal year, collections ag¬ Dated April 1, 1940. Denom. $1,- current status. Plans or proposals
the preceding fiscal
Harris Trust & Sav¬
was
Bank,
Moines
the old and new bonds to
No. 28, Calif.
be adjusted on the date of ex¬
Sum Available for Purchase and
change;
holders desiring 3 V2 %
Cancellation of Bonds —- Clifford
bonds may turn in their old bonds
K. Steele, City Treasurer, reports
at par and receive new bonds at
that the sum of $17,139 is avail¬
102, with interest adjusted, as to
able for the purchase and cancel¬
date of exchange.
lation by the city, of bonds issued
The new bonds will be allo¬
under date of June 5, 1939, for
cated in the order the requests
the refunding of the indebtedness
for exchanges are received. Bond¬
of
gregated . $24,455,240, as against
$24,197,588 in the same months of
pri¬
$260,000
100.31
Chi*
Co,,
and First National
Bank, Chicago ——
cago,
refunding bonds of¬
Stuart School District, Iowa
Mar. 21—v. 159,
Bonds Voted—At the election
p. 1084—were awarded to Halsey,
recently the $20,000 gymnasium
Stuart & Co. and the Central Na¬
bon^s were voted,
tional Bank & Trust Co., of Des
Waukon, Iowa
Moines, as 3/4S, paying a price of
Bond Election Called—An elec¬
100.86, a basis of about 0.575%.
tion has been called for April 10
Dated May 1, 1944. Due May 1,
to submit to the voters an issue
as
follows:
$15,000 in 1948, and
of
$45,000
municipal
hospital
$245,000 in 1949. The next highest
send
payment of
upon
est
%%
Trust
Northern
road
mary
ings
Im¬
Bk.
Nat.
and White-
Co.
Phillips
(P. O. Ida Grove),
Co.
fered for sale on
in their old
bonds and receive payment of par
therefor and obtain the new bonds
may
100.31
Chicago
Trust
&
Iowa
those holders desiring 3%
bonds
Bank,
Sale—The
'1
Int. Rate Price
Savings
'-j
&
Trust
[owa-Des .Moines
IOWA
Bond
Due
1944.
Dated May 1,
as
Bidder—1
interest.
103
and
102
%s, paying a
basis of about
a
bidders were:
Harris
Ida County
22—v.
follows: $30,000 in 1945
to -. 1948,
$100,000 in 1949, and
$280,000 in 1950. The next highest
May 1,
calendar
the
100.63,
0.622%.
in 1943 and
year
their old bonds on the following
terms:
in
March
on
of¬
bonds
refunding
sale
Moines, as
price of
proceeds of the
collected
be
to
at 100 and
bondholders
notes
The
Des
of
Com¬
will be
Board of School
taxes levied
Board's
bonds in exchange for
secure new
Denominations
Due June 30,
Payable at the office oi the
paid out of the
interest.
1956.
slender margin of 96,
of the
and
interest;
and
Angeles, Harriman Ripley &
Co., Inc., First Boston Corp.,
and Dean Witter & Co. of
San Francisco at a price of
115.3422. Due Feb. 1, 1952 to
1,127
election cast
special
day's
thereafter to
1,585,000 Lot No. 2 to the Bank¬
ers Trust Co.
of New York,
R. H. Moulton & Co. of Los
Feb. 24, said:
2,158 voters in yester¬
A total of
$nd Weeden & Co. of
and Guaranty
Trust
Co.,
New York,
at
108.843.
Due Feb. 1, 1946 to
and
San Francisco,
1951.
acquisition of the
city carried by a
votes.
Thecl local
in commenting on the result
posal forming
utility by the
margin of 60
of the election on
thereafter to July 1,
cago
noted that the pro¬ •77
ing, it is to be
Bank of Chi¬
for
missioners.
indebtedness.
Trust & Savings
meeting.
tin connection with the forego¬
road
159, p. 1084—were awarded to
Halsey, Stuart & Co., and the Cen¬
tral National, Bank & Trust Co.,
1944.
31,
Treasurer
Bidders were
March 20.
mary
fered
suit purchaser.
1944.
Sale—The
Bond
notes. '■ Dated
6%
exceed
to
March
to
There are $370,000 bonds to be
Stifel,
CALIFORNIA
{
refunded, maturing serially from
Nicolaus & Co., Otis & Co., Paine,
California (State of)
1945
to
1973, inclusive.
Bonds
Webber, Jackson & Curtis, and
Bond Sale—The various issues maturing in 1945 to 1954 bear in¬
Stranahan,
Harris & Co., Inc.,
of Veteran's Welfare bonds aggre¬ terest at
the rate of 3%, and
John Nuveen & Co., and Dahlberg, Durand & Co.
Council or¬ gating $3,400,000 offered for sale those maturing in 1955 to 1973
on March 22 by the Veterans' Wel¬
bear interest at the rate of 3y2%.
dered
copies made for officials
fare Board were awarded as fol¬ There are
$119,000 bonds matur¬
and interested parties and tabu¬
lows:
ing in 1973, which are optional
lations made for a review and
follows:
Jan.
1, 1945, and
further
action at a subsequent $1,815,000 Lot No. 1 to the Harris as
on
the
for
not
(P. O. Orange), Iowa
$500,000 pri¬
Sioux County
(CWT) on March
purchase of $700,000
bids until 8 p.m.
trict, of Clay
Proposals
>
Commissioners, will receive sealed
Fla.
Live Oak,
authorized the dis¬
Agents Appointed To Refund
County, which de¬ Indebtedness—The city is advis¬
faulted on some obligations sev¬
ing
bondholders
that
Leedy,
eral years ago, to issue $59,000 in
Wheeler & Co., of Orlando, and
refunding bonds.
The refunding
the
Clyde C. Pierce Corp., of
bonds will provide for an issue of
Jacksonville, have been appointed
3J/2%
bonds maturing between
fiscal agents for the city for the
Jan. 1, 1945 and 1970.
The old
purpose of refunding the bonded
issues carried 4, 5, and 6% in¬
cation recently
ARIZONA
^ Monday, March 27, 1944
CHRONICLE
bonds
Bank
&
Trust
St. Landry
Co., of Des Moines, as %s, paying
a price of 100.802, a basis of about
0.585%.
Dated May 1, 1944.
Due
follows: $20,000 in 1945
to 1948, $70,000 in 1949, and $200,000
in
1950.
The next highest
bidder was Northern Trust Co.,
May 1,
as
Chicago, and First
Chicago,
1C0.199.
for
-
%s,
National Bank,
at a price of
Parish (P. O. Ope-
lousas). La.
Bond
Sale
Details—In
tion with the sale
airport
bonds
to
Glas & Crane,
Scharff & Jones, both
leans, and
of
of
of New Or¬
Barrow, Leary & Co.,
Shreveport,
cost
connec¬
of the $100,000
at a net interest
report of which
1.4304%,
appeared in our issue of March 13,
sold
were
as
turing March 1, $5,000 in 1945 and
1946, $6,000 in 1947 and 1948, as
2s, $54,000
maturing March 1,
$6,000 in 1949 to 1951, $7,000 in
1952 to 1955, $8,000 in
1956, as
IV2S, and $24,000 maturing $8,000
March 1, 1957 to 1959, as l.%s.
of
Bank
discount.
election
March
17,
rev¬
sale
for
offered
notes
enue
MARYLAND
on
bids
sealed
receive
until
.*:
to
advisable
bonds to
share of a
county's
called
been
for
two
is
now
the
so
election
for
in
tion
on
that
have
funds
on
retired
investors
and
date
to
hand for the retirement
additional
bonds
of
the
eight
urer
.
& Co.
—
_—..
of
Bank
chased
pur¬
issue of $100,000 notes
Dated March
discount.
0.36%
at
recently
Boston
an
1944.
1944, and due Nov. 24,
23,
&
First
Other
bids:
tional
Bank,
Newburyport,
100.259
of
Bank, Chicago
Harriman,
Ripley
& Co.,
Webster
Inc., F. S.
Moseley & Co. and Kid¬
der, Peabody & Co.
Worcester
County
Trust
Stone
Inc.,
Offering
Co.; St. Louis,
Trust
3/,
<
Bon-
purchase at dis¬
count of $400,000 notes.
Dated
March 28, 1944.
Denom. $25,000,
$10,000 and $5,000. Due Nov. 28,
1944.
Issued in anticipation of
March 28 for the
for the year
revenue
& Co. and
E. F. Hutton & Co.«_d_r
Glore,
Lionel
—
1944.
Pay¬
York;
livered
on
or
about
28,
March
1944, at said bank. The notes will
be authenticated as to genuine¬
ness and validity by the National
Shawmut Bank of Boston under
Lee
Thorndike,
Palmer & Dodge, of Boston.
■
R. L.
received
be
$1,750,000 semi¬
sale on
March 17—v. 159, p. 1084—were
awarded to the Bankers Trust Co.,
of New York,
Harris Trust &
Bond Sale—The
annual bonds offered for
Bank of
Stone &
York, jointly, as
price of 100.08, a
0.475%, divided as
Savings
Hayden,
before
or
refinancing
'
.
414 %
refunding Series D bonds. Dated
Jan. 1, 1935, and maturing Jan. 1,
Township
Bond
on
—
Jobi
bonds
1941
—
1948.
Acts of
R.
Dobson,
1941.
low rate of in¬
promising." While
it was originally anticipated that
the refunding issue should be sold
refinancing
Series
192, 191, 190, 189,
188, 187, and 186, dated July 15,
1942, maturing May 1, 1963, sub¬
ject to redemption at par plus
1, 1944. Said bonds should be
presented to the Manufacturers
pay¬
date
—Boston
:
improvement bonds.
April 1, as follows: $280,000 in 1946 to 1948, and $410,000 in 1949. Chapter 528, Acts
.
Monroe County (P. O. Monroe),.
Dated
1,
1944.
Denom.
The next highest bidder
National Bank, Chi¬
$1,000.
was:
April
First
cago,
Barr.
Bros.
&
Co.,
L.
F.
Coffin & Burr,
Anthony & Co., bid¬
ding jointly for y2s, at a price of
Rothschild & Co.,
Tenders
No
tenders
\
of
various
Sale—The Merchants Na¬
Bank
of
Boston
F.
E.
on
con¬
March 16,
assessment
districts
bonds,
dated
;.
Election Held—An election
was
the
recently
voters
an
to
issue
of
submit
to
was
the
$10,000 water
system completion bonds.
approximately $75,000 per year
operating and accounting costs.
Due
to
Consumers past operating
mately
a
new
3V4%
bond
interest.
resolution
It is be¬
is¬
2 or 214%, making an
saving of approximately
1%.
Most of the original bonds
were for 30 years.
The new bonds
would probably be for 25 years.
sued
at
average
'
Buffalo, N. Y.
'
;
Suggest
Refunding
$5,250,000 Debt
Recommending
the
—
refunding of $5,250,000 in bonds,
Mayor Kelly on Mar. 14 submitted
to the Common Council
1944-45
a
calling for a tax rate of
$32.20 per $1,000 of assessed valu¬
ation, 10 cents less than the cur¬
budget
The Council's Commit¬
rent rate.
tee of the Whole has started hear¬
ings in preparation for final action
April 15.
,t
The Mayor submitted total ap?.
propriations of $48,386,000—$30,997,098.15 for operation and main¬
tenance and $17,389,590.38 for debt
.
Since this would
service.
mean
a
of
rate
tax
$38.05,4 he suggested
figure be reduced
to $12,139,590.38 by refunding and
thus bring down the tax rate to
$32.20.
Besides councilmanic ap¬
the debt service
proval, refunding also must be
approved by State Comptroller
Frank C. Moore.
-1
-
1
r
pointed out in the Mayor's
As
message,
the total debt
is high because $13,410,-
budget
service
509.99
is
bonds,
—
'
.
March
27
for
$125,000 notes.
the
purchase
of
Due $75,000 Dec.
10, and $50,000 Dec. 30, 1944.
NEW
JERSEY
Princeton, N. J.
Plans Bond Issue—Public
hear-?
which
be
can
by taxation
raised
for
operation and maintenance ex¬
penses is $245,000 less than this
year, the
1944-45 operation and
maintenance
total is
higher in
Mayor Kelly's new budget because
he and Budget Director Edward
A. Neider have foreseen a $2,000,-
ing will be held March 28 on an
000 surplus at the end of this year
ordinance authorizing an issue of
and have allowed bonuses during
$150,000 bonds to provide for con¬
1944-45
of
$1,695,492.37,
about
struction of a firehouse and com¬
munity house.
If the project is $400,000 more than during the
the
approved
borough
will
ar¬
range to dispose of the bonds early
in April.
While actual work on
current
year,
counts of the
the local press ac¬
budget message said.
Education, receiv¬
The Board of
ing $10,080,000 this year and hav¬
ing asked for $10,953,000 for 19441945 to pay bonuses to. teachers,
building, Mayor Erdrnan recently
received
$9,940,000 from Mayor
declared, in urging favorable ac¬
tion on bond issue, that "there Kelly and Mr. Neider. They held
this sum sufficient "after giving
has never been, nor will there be,
consideration to the steadily-dea
more
favorable time than the !
present for capital' financing." In creasing pupil enrollment.'^: :•
Revenues and resources, exclu¬
addition to the $150,000 to be ob¬
sive of amounts available for debt
tained through the bond issue, a
further $17,050 will be available payments, total $10,725,236.22, as
from funds earmarked in the cur¬ compared with $10,840,180.11 for
project may be deferred be¬
of wartime restrictions on
the
cause
rent and previous years'
it was said.
budgets,
the
current
the
Representing
year.
proportionate share of
city's
the State utility tax,
a
new
rev¬
O. Cam¬
enue of $977,000 is noted by Mayor
den), N. J.
Kelly and will be applied toward
Ordinance Being Considered— debt as
required by law.
Winslow Township (P.
The
State
recently
Commission
Funding
took
under
advisement
ordinance for an issue of $221,-
an
000
refunding bonds.
NEW
MEXICO
Mamaroneck (P. O.
H. Y.
Certificate
Mex.
Bonds to Be Submitted to Voters
—Lawrence A. Tamme,
Treasurer,
reports
ment bonds.
50,000 flood control bonds.
25,000 street equipment bonds.
10,000 parks bonds.
50,000 reimbursement bonds.
10,000 fire station bonds.
7,605 reimbursement bonds.
Sale
Mamaroneck),
:Bm
—
The
$70,000
certificates of indebteness offered
on
March 22 were award¬
the
County Trust Co., of
at 0.62% discount.
for sale
ed
Santa Fe, N.
City Clerkthat the pri¬
would also simplify procedure and
allow
additional \ operating eco¬ mary election on April 4 the fol¬
nomies and efficiencies. Most of lowing bonds aggregating $252,605
will be submitted to the voters:
Consumers original bonds were is¬
sued at an average of approxi¬ $100,000 street and road improve¬
record,
lieved that new bonds can be
Roscommon, Mich.
'
■
Northampton, Mass.
tional
in
—
received in
highway refunding
March 1, 1939.
held
Note
were
nection with the call
and Tucker,
100.012.
Received
Gillespie, Clerk of the County
Road Commissioners, reports that
no
privately,, it was decided subse¬
quently to open the sale to com¬
petitive bidding and it is now ex¬
pected that several accounts will
submif proposals to the District.
Mr. Hockenberger said that un¬
der the new bond issue, the Dis¬
trict is also considering consolida¬
tion of its eight operating divi¬
sions since such a consolidation
would make an additional saving
of
Mich.
Due
of 1943.
C'v
;
;
at a
terest look very
Nos.
called.
and analyzing a pro¬
Hockenberger said, "prospects for
Secretary, calls for pay¬
May 1, 1944, at par and
April 1, (National Bank of Detroit for
Chapter 695, ment,
Interest
ceases
on
Commonwealth Airport
would save
'/Although no definite arrange¬
have
been
made,"
Mr.
'
1,250,000
the
ments
Due $125,000
to
with
posed bond resolution, Phil Hockenberger, President of Consum¬
ers Public Power District reports.
District
accrued interest, refunding
I
program
in discussing
No. 9, Mich.
Call
District
ment
School
also given to a
during the life of the bonds. Most
of the recent meeting was spent
May 1,
at the High School office of
Ecorse
was
'
'
'
'
Would
re¬
$4,000,000 and $5,000,000
between
Chicago, and
Co., of New
y2s, paying a accrued interest on
any interest
basis of about
payment date on and after May
follows:
Airport
Boston
bonds.
1945
on
for
It is anticipated that this
lessees.
will
Wanted—Tenders
plans
cooperation
in
sions
Township School District
No, 7, Mich.
Tenders
over
possibility of refinancing approxi¬
mately $2,000,000 of-outstanding
bonds on the • three leased divi¬
101.069
1
MICHIGAN
Dearborn
go
Consideration
Weeks and Stubbs__
Massachusetts (State of)
$500,000
101.428
1
Halsey, Stuart & Co._____Day & Co., Estabrook
&
Co,
and
Whiting,
to
Chicago financial
and
5% refund¬
required for maturing
sinking fund and tax-an¬
ticipation notes, the highest for
Election
Called
An
election
this purpose in the history of the
has been called for April 4 to sub¬
city.
/
mit to the voters an issue of $5,000
Mayor Kelly slashed $3,281,245
swimming pool bonds.
from the requests of department
heads—$813,820 from the School
NEW HAMPSHIRE
'■
•"
*"
"tDepartment alone. Operation and
Rochester, N. H.
maintenance costs for the current
Note Offering—The City Treas¬
year are $28,953,652.84. v /
urer will receive sealed bids until
Despite the fact that the amount
financing approximately $42,000,000 of bonds on the eight operated
divisions of Consumers District.
101.059
■
.
„
York
firms
New
Abbe &
Higginson
Storey,
of
advice
Bank,
New
100.166
%
Corp.
the
at
Columbus with representatives of
Newton,
and
Co.
>
100.187
Forgan
National
First
National Shawmut
Bank of Boston and will be de¬
able
(P. O. Columbus), Neb.
Directors Study Refinancing—
District Directors met recently in
■
calls for payment
NEW YORK
Wilber, Neb.
I
"100.199
Mercantile-Commerce Bank
&
H
NEBRASKA
Consumers Public Power District
and Weeden & Co.__
vouloir, City Treasurer, will re¬
ceive only sealed or telegraphic
bids
until
11
a.m.
(EWT)
on
of
issue
authorized
an
100.212
•%
Alexander Brown & Sons
Holyoke, Mass.
of
$75,000.
&
Worcester
Co.,
0.364%; Tyler & Co., 0.39%.
Note
part
and Bloagett,
Na¬
Ocean
Trust
Legality ap¬
1, 1944.
proved by Charles & Trauernicht,
St. Louis.
These bonds are
100.30
Savings
Harris
First National
Sale—The
Note
Boston-
&
%
3A
First Nat'l Bank,
Amesbury, Mass.
Jan.
Dated
100.304
M
—
County (P. O. Taos), N. Mex.
Call—The County Treas¬
1, 1944.
•
Coffin & Burr and Shields
issue
ing bonds Nos. 27 and 28, and in¬
terest coupons.
Dated March 1,
1928. Denom. $1,000. Due March
,
MASSACHUSETTS
April 4
an
Bond
■
„
voters
project.
Taos
,
■
for
called
the
to
$50,000, park, playground and
swimming pool bonds as a post¬
According to Mr. Hockenberger,
$2,703,000 of the original bonds
of
City, N. Mex.
been
submit
to
March 28 for the Second National Bank, Boston, at
operated divisions amount to ap¬
bonds.
$2,311,000
coupon
proximately $1,190,000.
0.423%, and the First National
fourth
water
serial bonds now
Consolidation
of
the
several
MISSISSIPPI
Bank, Boston, at 0.424% discount.
held
in various sinking funds.
outstanding issues of divisional
Hancock County (P. O• Jackson),
Denom. $1,000.
Wellesley, Mass.
Due Nov. 1, as
bonds will be achieved through
Miss.
1
follows: $193,000 in 1970 to 1976,
Note Sale—The' $200,000 notes
the
sale
of $45,000,000
general
Authorization Bill Passed—The
and $192,000 in 1977 to 1981.
The offered for sale on March'YO—
and refuiiding bonds, at compe¬
recently
p ass ed
an
bonds
may
be registered as to v. 159, p. 1197—were awarded to Senate
titive bidding, according to later
bill
authorizing
the
principal only.
This sale, which the First National Bank of Bos¬ amended
advices.
Two
banking
groups
Board
of
Supervisors,
was
authorized by the Commis¬ ton at 0.339%/discount.
Dated County
have been formed to consider bid¬
sioners of Finance at their meet¬ March
20, 1944.
Due Oct. 27, providing the proposal is approved ding for the issue. One is headed
ing of Jan. 27, 1944, will not in¬ 1944.
The only other bidder was by a majority of the voters, to
by Smith, Barney & Co.; Blyth
crease the public debt.
Bids may the Second National Bank, Boston, issue and sell $337,000 not to ex¬ &
Co.; First Boston Corp.; Harri¬
ceed 3*4% refunding bonds; "
'
be made for all or any portion at 0.374% discount.
man
Ripley & Co. and Lehman
of these bonds and must name a
Mississippi (State of)
Brothers, and the other by Halsey,
f
: Worcester, Mass,'»
price for each $100 with accrued
Stuart & Co.; Blair & Co. and
High way Debt Refunding Con¬
Bond
Sale—The $670,000 air¬
interest
to
date
of
settlement.
sidered—The State Legislature is John Nuveeri & Co. "
Notice of acceptance or rejection port bonds offered for sale on
considering a bill which would
of
Sidney, Neb.
any
offer
will
be made J March 20—v. 159, p. 1197—were
To Vote on Utility Bond Issue
to
The First
Boston permit the refunding of $9,918,000
promptly.
Payment and deliv¬ awarded
of highway bonds for the purpose
—At an election on April 18 the
ery are to be made at 11 a.m. Corp., as %s, at a price of 100.389,
Dated of reducing interest charges. Also voters will be asked to approve
(EWT) on March 30, 1944, at the a basis of about 0.677%.
pending is a measure, recom¬ an issue of $740,000 bonds, the
National Central Bank of Balti¬ April 1,1944.
Denom. $1,000. Due
mended by Governor Bailey* call¬
more.
proceeds of which will be used to
Approving legal opinion $67,000 April 1, 1945 to 1954. The
of Wood, Hoffman, King & Daw¬ next highest bidder was Lehman ing for a one-cent emergency in¬ finance purchase by the city of
crease in the 6-cent gasoline tax to
the local facilities of the Consum¬
son, of New York, will be fur? Bros., Arthur Perry & Co., and
Ar¬
nished the
successful bidder or Graham, Parsons & Co., for %s, provide a cushion to declining er's Public Power District.
revenues from that source.
bidders without cost.
Each bid at a price of 100.339. Other bid;
rangements for the purchase were
must be accompanied by a good- <ders were as follows:
Washington County, Riverside Con¬ completed in a contract signed
Int. Rate
Price
with representatives of the district
Bidderfaith deposit in the amount of 2%
solidated Sch. Dist. (P. O.
on March 15.
Bros.
&
Co.
and
Assuming approval
of the par value of the respective Barr
Greenville), Miss.
100.333
Tyler
'3/4%
Bond Sale—The $20,000 school of the bond tissue, plans call for
bonds, in the form of a certified Bankers & Co
Trust Co.,
New
check or bank draft, payable to
bonds were awarded to Kingsbury the city to obtain possession of the
York, and Hayden, Stone
%
100.32
& CO.
the Commissioners of Finance.
*
& Alvis, of New Orleans, at 1V2%. facilities by May 26.
(EWT)
purchase' of
noon
has
of
operations
favorable
been
exception of the last
Silver
now
have
the
Bond Election Called—An elec¬
favorable
most
Consumers
2.
market
war
April 11 to
submit to the voters $60,000 to
$70,000
municipal
light
plant
were:
time
With
three issues, the bonds will not be
sold until after the war.
willing to offer-a better
price for its bonds.
Elk River, Minn,
Election
Called—An
has
bond
probably
history.
been
.
MINNESOTA
\
this
at
The
1.
1293
.
.
reasons::.-
are
of Bos¬
bidders
Other
discount.
the
$10,000,000 airport.
discount. Due on
Dec. 15,
1944. The next highest
gher, City Register, reports that bidder was the Worcester County
the
Commissioners
of
Finance
Trust Co.* Worcester, at 0.415%
will
14
Nov. 7, a proposal for
on
finance
ton, at 0.374%
Ghin-
March
on
awarded to the
were
Merchants National Bank
Bond
In
a
recent
statement,
Mr.
Hockenberger pointed out that re¬
financing would be possible and
the issuance of $5,000,000
$200,000
Sale—The
<
submit to the voters at the general
Webster, Mass.
Note
V
y
Proposal to Voters—
requested
was
:
^
\
Submit
€ To
Mich,
■
The County Board of Supervisors
offering 0.393%
Boston,
:
V
$150,000 temporary: loan notes at
0.33% discount. The next highest
bidder was the Second National
follows: $22,000 ma¬
Baltimore, Md.
Offering—John J.
Wayne County (P. O. Detroit),
for
successful bidder on March 16
advised that the bonds
we are now
:
FINANCIAL CHRONICLE
THE COMMERCIAL &
Number-4267-";
,Volume 159
to
Mamaroneck
Dated
April 1, 1944.
Due July 1,
bidder was
The next highest
1944.
the
First
National Bank
of Bos¬
ton, at 0.65% discount.
New Rochelle,
N. Y.
Bond Offering—Walter J. Brennan,
ceive
Director of Finance, will re¬
sealed
bids
until
noon
(EWT) on March 30 for the pur¬
chase of $200,000 coupon or
tered
refunding
April
1,
Due April
bonds.
regis¬
Dated
1944.
Denom. $1,000.
1, as follows: $30,000 in
Monday, March 27, 1944
FINANCIAL CHRONICLE
THE COMMERCIAL &
1294
Gallipolis, Ohio
Bond
Ordinance
Passed—The
$500,- Buffalo, 76; Niagara Falls, *72; Bank, New York City. Coupons
maturing om July 1, 1944, and City Council recently passed ah
000,
Fifth Series
(Plus $3.00), Rochester, 85; Yonkers, .73 and
prior will be paid on presentation. ordinance calling for an issue of.
0.45% discount, for $500,000, Sixth Schenectady, 58.
Js
The city's debt reduction pro¬ Interest ceases on date called.
$42,000 2%%
refunding bonds.
(Plus $3.00), 0.45% dis¬
or one-tenth of 1%
and must be Series
Dated April 3, 1944.
gram started during the Rolland
Due $3,000
the same for all of the bonds. count.
NORTH DAKOTA
B. Marvin
administration when
Oct. 1, 1945 to 1958.
Principal
Issued to pay bonds of the city
Grand Forks, N. D.
Niagara, Belden Center Sewer Dist. Mayor Thomas E. Kennedy was
and interest (A-O) payable at the
maturing in the fiscal year begin¬
No. 2 (P. O. Niagara Falls), N. Y.
Election
Called—An
election First National Bank of
Commissioner of Finance.
Gallipolis.
1.949, $70,000 in 1950, $60,000 in
1951, and $40,000 in 1952. Rate of
interest to be in multiples of
'
ning Jan. 1})1944. Authorized by
the General Municipal Law; the
$3.00), 0.45% discount, for
Offering—Erich J. Hase-
Bond
ley, Town Supervisor, will receive
period of probable usefulness of sealed bids until 3 p.m. (EWT) on
the object or purpose for which
March
30
for
the purchase of
the bonds are issued is at least 20
$26,500 coupon or registered bonds.
years. '
Bids offering less than Dated Feb. 1, 1944. Denominations
conditioned if other than $1,000 and $500. Due Feb. 1, as
the notice of sale, will not follows: $1,500 in 1945 to 1961,
Principal and in¬ and
$1,000 in 1962. Rate of inter¬
terest (A-O) payable at the City
est to be in a multiple of V) or
Treasurer's office.
Interest will, one-tenth of 1% and must be the
par,
or
upon
considered.
be
of the registered same for all the bonds. Principal
remitted -f by mail in and interest (F-A) payable at the
New York exchange.
The bonds Power
City Trust Co., Niagara
are
valid
and
legally binding
Falls, with New York exchange.
obligations of the city, for the The bonds are general obligations
payment of the principal and in¬ of the town, payable primarily
terest on which the city is em¬ from a
levy upon the several lots
powered and obligated by law to and parcels of land within the
levy on all taxable property of district liable therefor, but if not
the city such ad valorem taxes as
paid therefrom all the taxable
may be necessary without limita¬
property in the town will be sub¬
tion as to rate or amount.
The
ject to the levy of unlimited ad
preparation of the bonds will be valorem taxes to pay said bonds
attended to by the Bank of The
and the interest thereon.
Issued
Manhattan Co., New York, which
pursuant to the Town Law and
will certify as to the genuineness
the General Municipal Law, the;
of the signatures and the
seal
period of probable usefulness of
thereon, and will be delivered to the
improvement being 20 years.
the purchaser on April 12, 1944,
In the event that prior to the de¬
the
at
request
holder,
soon thereafter as they may
livery of the bonds the income
prepared, at said bank.
The received
by private holders from
legality of said bonds will be ap¬ bonds of the same type and char¬
proved by Sdllivan, Donovan & acter shall be taxable by the terms
Heenehan, of New York, whose of
any. Federal income tax law,
approving opinion will be deliv¬ the successful bidder may, at his
ered to the successful bidder.
The
election, be relieved of his obli¬
enactment at any time prior to
gations under the contract to pur¬
the delivery of the bonds, of Fed¬
chase the bonds and in such case
eral legislation which in terms,
the deposit accompanying his bid
by
the repeal or
omission of will be returned. The approving
exemptions or otherwise subject
opinion of Vandewater, Sykes and
to a Federal income tax the inter¬
Galloway of New York will be
est on bonds of a class or char¬
furnished to the purchaser without
acter which includes these bonds,
cost. Enclose a certified check for
will, at the election of the pur¬
$530, payable to the town.
chaser, relieve the purchaser from
his obligations under the terms of
Syracuse, N. Y.
Bonded Debt Cut 31% Despite
the contract of sale and entitle
Valuation
Decline — The
the purchaser to the return of the 10
as
or
C
be
be
amount
deposited
Enclose
a
the
with
bid.
certified check for $4,-
000, payable to the city.
New York
■v.;
City Housing Authority,
N. Y.
.
Note Sale—The $2,480,000
offered
for
sale
on
March
notes
21—
159, p. 1197— were awarder to
the Bessemer Trust Co., of Jersey
v.
City, as follows:
$300,000 First Series at 0.41% dis¬
count.
400,000 Second Series
at 0.42%
Series
r
at
;/
Series
Sixth
discount.
at
0.425%
•
$7.00.
Dated
April 20, 1944. Due Oct.
20, 1944.
The United States Trust
Co., of
the successful
bidder for the $500,000 Fifth Ser¬
New
ies
a
York,
notes
at
was
0.42%
discount, plus
premium of $3.00. Other bidders
were as
follows:
Bessemer Trust
for
$500,000,
31%
in
of
operating costs, total expenses
are
estimated at $4,211,000.
To
avoid borrowing, a 25% increase
in
monthly revenues for the rest
period over those of 1943
would be required, according to
the study.
If operating expenses
of the
debt has been reduced 11% in one
and
31%
for
the
10-year
in
city's funded
debt is $2,295,940 in school bonds
and $4,646,000 in welfare bonds, a
total of $7,571,940, or more than
Co., Jersey City,
Fifth
Series
0.42%
discount.
United States Trust Co., New
York, for $500,000, Fourth Series
(Plus $3.00), 0.42% discount.
Chemical Bank & Trust
Co.,
New
York, and Associates, for
$300,000, First Series (Plus $4.00),
0.44% discount for $400,000, Sec¬
ond Series (Plus $6.00),0.44% dis¬
count, for $400,000, Third Series,
(Plus $5.00), 0.44% dsicount, for
$500,000,
Fourth
Series,
(Plus
$7.00), 0.44% discount, for $500,000, Fifth Series,
(Plus $8.00)
0.44%, for $500,000, Sixth Series,
(Plus $9.00), 0.44% discount, for
$380,000, Seventh
Series, (Plus
S5.00), discount.
Central Hanover Bank & Trust
April
3
to
OHIO
to
its
and 31%
Syracuse, having
debt
in
a
18%
in
decade.
one
former
levels
after
an
this
North Carolina
;
all
bonds
prior to Jan. 1, 1931, under
of the Hudson and
terms
Columbus
(State of)
Bond Call—W. B.
Clerk
cases.
the
court on this question,
early redemption the option has
though it would seem that, since
been exercised against such early
the charter was of course adopted
redemption. The Supreme Court
by a vote of the people of the city,
of
Arizona
has interpreted a
decision in favor of the taxpayer
reasoning expressed in the
.
Columbus
and
cases.---
bonds Nos. 6 to 8,
for
Yonkers.
Albany
showed
no
change while the assessed valua¬
tion
increased
Falls and 1% for
6%
Hopkins, Jr.,
re¬
ports that all of the following out¬
standing
refunding
bonds
are
called for payment on July
1,
1944:
and
$105,500
43 to
water
and
Dated
Jan.
1, 1938.
Payment of the
principal amount of the bonds
will be made
on or
after said date
presentation of said bonds in
negotiable form, accompanied by
all Jan. 1, 1S45, and subsequent
coupons
at the Chase National
on
>.
apparently an unwar¬
of the above
is
extension
well recognized rule.
stated
Ohio
"The
contains
law
no
mandatory provision relative
callable bonds. Section 2293-6
to
of
which was part
Uniform Bond Act, pro¬
the General Code,
the
of
vides
that
'A : subdivision
issue bonds subject
may
to call or re¬
at not
on to
subdivision
demption prior to maturity
more
than
par'
and goes
provide that 'When a
issued bonds subject to call
has
redemption
or
*
*
* the taxing
authority * * * shall have power
to refund such bonds at a lower
rate of interest
* * *\ This is
clearly
an
optional
power,
Uniform Bond Act clearly
the
differ¬
entiating between the word 'may'
and the word 'shall' in the vari¬
provisions thereof. We do not
anticipate any likelihood of Ohio
courts holding Ohio bonds call¬
> The
Housing
Authortiy
had able unless the proceedings rela¬
sought exemption from the real tive to their issuance provide for
State
or
tax
estate
land
one
houses
of
had
its
on
a
26-acre
been
200
tract
of
low-rent
constructed.
East Liverpool,
Bond
City
ous
political
iv.
which
on
9 to 13, 15 to 41,
general bonds Nos. 9 to 33.
done
be
which
sewer
136; $23,800 street and
to refund 'whenever it can
at a lower rate of in¬
terest' as making bonds callable,
power
Foregoing reported by J. A. White
ranted
& Co., Cincinnati.
subdivisions,
Treasurer,
and
part of the bond and cannot " be
waived by the issuing political
subdivision and is in effect al¬
of
the
Zebulon, N. C.
17%
12%
so.
though the bond itself is silent as
taxpayer's suit has been filed to
any callable provision.
Other
Court to test the
States, for example, Kentucky,
right of the city to levy outside
North
Carolina and Oklahoma,
the charter limit of 7.5 mills for
hold ,that such option may be ex¬
unvoted bonds issued subsequent to
ercised
at
the time bonds are
Nov. 6, 1928, the date the charter
issued and if the resolution of the
limitation was adopted. It will be
issuing political subdivision and
interesting to know the reasoning
the bond itself do not call for
Hudson
—State income tax collections for
re¬
In the 10-
and
or
A
in this case would not be contrary
Income Tax Collections-Higher
Town
Rochester
past year
in the Supreme
to the
year
period
for
the
4
notably in the
limitation for
7.5
issued
the
a
CAROLINA
NORTH
Albany reduced its
debt 10%; Buffalo, 23%; Roches¬
ter, 15%, and Schenectady 21%.
In the same period, the assessed
valuation dropped 7% for Buffalo,
year
of
decisions
Akron, Ohio
Unlimited Tax Levy
the first 17 days of March totaled
valuation in
Dayton Metropolitan Housing Au$383,892,995, while on $16,504,716.52, compared with $12,thority (P. O. Dayton), Ohio
Jan. 1,1944, the assessed valuation 613,465.50 for the same period in
State
Supreme
Court
Rules
1943, Revenue Commissioner Ed¬
was $344,569,060, a drop of 10%.
Property Taxable—A ruling that
win Gill announced.
The average drop in assessed val¬
low-rent housing units construc¬
Collections for the 1943-44 fiscal
uation upstate was only 9%.
ted by the above Authority are
The statutory limit jof a city's year through March 17 were $25,subject to the local real estate
borrowing power is 10% of its 111,814.90 compared with $20,089,- tax was handed down in Colum¬
716.17 for the same period a year
assessed valuation.
On the basis
bus on March 15 by the Ohio
of the average assessed valuation ago. •
Supreme
Court.
Affirming
an
for the last five years of $347,- Warren
County (P. O. Warrenton), opinion by the State Board of
003,162, Syracuse is using only
N.C.
■:r
Tax Appeals, the court held that
65% of its borrowing power.
Retires Last of Original Debt of the property is not "public prop¬
The
funded
debt
of
upstate $250,000—The county enjoys the erty used exclusively for a public
cities as a whole has been reduced distinction of
being the first in the purpose," and therefore not tax
9% in one year and 23% in the State to be entirely free of general
exempt. The decision, also held
decade.
Syracuse has a better fund debt, shaving recently paid the
housing
project
does
not
record.
off the final $1,000 of an obligation qualify as public property under
Of cities of comparative size, which amounted to
$250,000 15 the Ohio Constitution and stat¬
only Yonkers has a record com¬ years ago.
utes because it is not owned by
1 '
duced
(State of)
Discussed—Having in mind court
was
parable
Ohio
Optional Status of Local Bonds
equipment bonds.
The city's assessed
1935
for Niagara
Schenectady.
Comparable cities in the State
^Series (Plus $3.00), 0.44% discount, for $400,000, Second Series, are using a larger percentage of
their borrowing power. As com¬
(Plus $4.00), 0.44% discount.
R.
W. Pressprich
& Co., for pared with 65% for Syracuse, the
$500,000,
Fourth
Series,
(Plus other percentages are: Albany, 70;
Co., New York, for $300,000 First
to
adjustment period.
the
one-third of the total debt.
380,000 Seventh Series at 0.43%
discount, plus a premium of
•
reduced
been
for
tb the voters $50,000 fire
.
according to a report
prepared by the Bureau of Mu¬ rise
$100,000, the improvement
nicipal Information of the State
required is estimated at 28%.
Mayor's Conference.
According to the study, large
The city's funded debt as of Jan.
surpluses may be expected to ac¬
1, 1935, was $31,135,434, reduced crue in the latter
years of the
to $24,191,315 by Jan. 1, 1943, and
life of the bonds, because ces¬
to $21,515,881 by Jan. 1, 1944. The
sation of war should restore rev¬
Included
discount
500,000
has
0.425% period.
500,000 Fourth Series at 0.415%
/v.-
of
years,
year
Third
discount.
10
called
been
submit
States of Arizona
for Debt and Texas, which held that certain
municipal bonds originating in
Service Contested—
those States were subject to re—
Several years ago the Supreme
able to decrease the tax rate and Court of Ohio, in its well-known demption in advance of maturity,
reduce the' tax burden on real Hudson Case decision, held that although the instruments had for
many years been bought and sold
estate. Perhaps sometime after the bonds (not including, of course,
on
a
non-callable basis, J. A.
war
cities will find new sources purely
revenue
bonds)
issued
White & Co., Cincinnati, decided
of revenue to finance civic im¬ prior to Jan. 1, 1931 could be paid
to secure some authoritative opin¬
from taxes levied outside the 10provements.
ions as to the possibility of such
mill tax limitation Jqr the reason
a development in the case of'Ohio
; Triborough
Bridge Authority,
the
tax
millage limitation
in
N.Y.
municipal bonds. In response to
Ohio was not incorporated into the
Bond Prospectus Prepared
A
their request, the bond house has
State
Constitution until Jan. 1,
been favored with the views of
study has just been completed by
1931, and debts incurred prior to
the two leading Ohio municipal
Goldman, Sachs & Co. of New
such date were not subject to such
bond
York, on the war emergency and
attorneys, Messrs. Squire,
limitation on taxes to pay the
its relation to Triborough Bridge
Sanders & Dempsey of Cleveland,
debts.
and Peck, Shaffer & Williams of
Authority
bonds, ; which
states
Following this decision, the City
Cincinnati.
that, "It appears conservative to of
Columbus, along with many
anticipate that increases ranging
Writing under date of March 17*
other; subdivisions in Ohio, pre¬ i
between 25% and 34% will ma¬
pared its budget to levy outside last, the Cleveland law firm noted
terialize in view of the 50% and
tax limitations for bonds issued as follows:
60 % rise of January and February
"The decisions of these Western
prior to Jan. 1, 1931. A taxpayer
receipts
respectively."
Gross
brought suit to enjoin the levy States are based upon a well rec¬
monthly toll revenue from all
of such taxes outside the tax limi¬ ognized proposition of law that an
facilities amounted to $250,050 in
tation. The Supreme Court, fol¬ act of the legislature under au¬
January, and $222,273 in Febru¬
lowing the same reasoning as in thority of which bonds are issued
ary, of this year.
the Hudson case, upheld the City is an integral part of the bonds
It is estimated that if operat¬
of Columbus.
and any holder of such bonds is
ing costs are maintained at the
Certain cities in Ohio, however, placed upon notice of the provi¬
1943 level, total expenses of the
have operated under their own sions
of such
This
legislation.
Authority through Aug. 1; 1944 individual
charters which specify doctrine would be recognized in*
will be $2,067,000, and that a 29%
a particular tax limitation for the
Ohio.
increase in revenues from March
particular city.
In some cases
1 to August 1 would preclude the
"Many States have a provision
these charters, with their respec¬
fixing a maximum maturity of
necessity of any borrowing.
If tive tax
limitations, were adopted
bonds and providing substantially
operating expenses increase $100,prior to Jan. 1, 1931. The city of 'and shall be redeemable at the
000 it is estimated that a rise of
Akron adopted a charter on Nov.
34% in March through July rev¬
pleasure of the political subdivi¬
6, 1928, with a tax limitation of
sion at any time after
years/
enues would be required to avoid
7.5 mills.
This year Akron offi¬
The Supreme Courts of Texas and
borrowing.
cials have prepared a budget with
North Dakota, as an illustration,
For the period through Feb. 1,
the intention of levying outside
have held that this is an integral
1945, and assuming a 1943 level
Despite a 10% drop in assessed
valuation, the funded debt of Sy¬
racuse
has
nually, he said yesterday.
"My administration will issue no
bonds," hfe said. "Each year as^e
reduce the funded debt we will be
enues
discount.
400,000
"Herald American"
reported as follows:
Syracuse
March 19
Mayor Kennedy's "pay-as-yougo" or economy plan will result
in
further
reductions
in
the
funded debt in subsequent years at
the fate of about $3,000,900 an¬
Ordinance
Council
Ohio
Passed—The
recently passed an
their being
called.
"Section 2293-8
of the General
Code, being part of. the Uniform
Bond
Act, provides that the bonds
themselves
face
shall
show
on
their
'the resolution or ordinance
calling for an issue of under authority of which they are
4% bonds' to pay notes issued.' Such resolution or ordi¬
issued in anticipation of a subse¬ nance would therefore be a part
quent bond issue.
Dated April 1, of the bond and any holder would
1944.
Denominations $1,000 and be placed upon notice of the pro¬
$500, one for $768.
Due Sept. 1, visions thereof and it is possible,
ordinance
$38,766
1945
to
1954.
although
not
at
all
likely,
that
.
i;
Volume 159
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4267
tion
bonds might be
issued with¬
call feature
although the resolution or ordi¬
nance
authorizing them provided
"that they should be callable.In
some
such circumstances
would
we
In
were
Feb.
letter dated
a
ex¬
the part of
States
awarded
Co.,
of
not
were
the courts
call prior to
Is, paying a
as
of
for
This
Dated
0.92%.
about
in
addition
present
cover
yearly operating expenses,
the- school tax rate for the coming
year will be 25 mills.
This is an
increase of six mills
in
rate
effect
remains the
a
The
mill
19
over
the
several
The $5 personal tax rate
:
years.
price of 100.41.
The
other bidders were as follows:
Is, at
be
would
for
rate now set aside for current
1086—were bond
redemption, or a total of
Bosworth & nine mills for the
sinking fund.
price of 100.55, With the 16 mills
required to
1, 1951 and 1952, and $5,000 April
1, 1953.
The next high¬
est bidder was Fox, Reusch & Co.,
for
of $147,000
possible, the school
night voted unani¬
a
six mill sinking
p.
and Oct.
ma¬
as
last
the three mills of the
to
Graham,
past
same.
motion
in
■
.
,
of the
favor
in¬
Parsons
Butcher
District's
&
Co.,
&
,"
.
/
Sherrerd,
Paine, Webber, Jackson
indebtedness
rapidly
as
School
Braun,
Due $1,500 April 1
and Oct. 1, 1949, $3,000 April and
Oct. 1, 1950, $4,000 April and Oct.
holding callable
municipalities
previously considered
subject to
158,
bonded
fund.
refund¬
sale on
April 1, 1944.
their
which
to
basis
a'
in
bonds
17—v.
March
Wil¬
offered
bonds
ing
24, 1944,
view toward decreasing
a
mously
Zanesvitle, Ohio
of Ohio to follow the decisions of
other
v'-WTp
Bond Sale—The $25,000
to fear that there will be any in¬
on
system.
With
the Lock Haven
directors
"
"We do not. feel there is reason
clination
plan was
a
Service Company
callable."
the firm of Peck, Shaffer &
liams wrote as follows:
time
same
the courts to hold that the
pect
bonds
the
At
bonds.
refundip$
discussed
by the Council whereby the city
would purchase the Ohio Water
out any reference to a
1295
&
Curtis, Mackey, Dunn
Co.
&
Poole
E.
H.
and
Schmidt,
Co., Jointly.—
&
Rollins
Glover
&
100.566
MacGregor,
&
Stroud
1.10
Sons,
&
Co.,
Alfred
O'Gara
& Co.,
&
& Co., Dolphin
E. Lowber Stokes
S.
Co.,
K.
Cunning¬
ham & Co., Fox, Reusch
&
Co.,
Close
Rambo,
&
Walter
jointly
National
Keen.
Kerner
Stokes
&
and
shall
Co.,
1.10
York,
100.413
■
City Bank, New
B. J. Van Ingen
Alexander Brown
&
Sons
and
Janney
Offered
successful
above
&
100.398
1.10
Public—The
to
reoffered
the
for
general invest¬
ment at a scale of prices to yield
from .40% for the 1945 maturity to
.95% for the 1959 maturity, with
the 1960-61-62 maturities priced
turity.
' j
'
creased
bond
retirement
was
"Furthermore, where the ques¬
Bidder—
'
'--V
Int. Rate; v Price
made by Adam C. Dickey, and
tion of the right to call bonds has J. A. White &
lYi'/r- 7 101.44
been ^raised, the courts of Ohio Ryan, Sutherland & Co,—
IV*
100.94 seconded by Lewis A. Fredericks.
1 V*
100.72
They contended that with war¬
have not hesitated to protect the Ohio Co. of Columbus——
Assel, Kreimer & Co...—
IV*
100.11 time
prosperity, people were bet¬ at 100 and accrued interest and
bondholder by construing the lan-/
ter able to pay taxes.
They also the 1963-64 maturities at 99% and
guage
of the bond form most
OKLAHOMA
pointed
out
that school
taxes accrued interest.
strongly in favor of the holder
Moore, Okla.
could be deducted from Federal
and against the issuer, as wit¬
Robesonia School District, Pa.
Election
Called
An
election Income taxes.
nessed
by the
recent
case
in
Bond Offering Details—In con¬
has been called for March 28 to
It was also declared that the six
Hamilton County where the bond
nection with the offering on Apr. 5
submit to the voters an issue of mills additional would be
only in of the
"stated on its face that it was call¬
$10,000 improvement bonds,
$10,000 not to exceed 4% 'town force two years.
able on a certain date-'without
At the end of notice of which
appeared in our
hall site purchase and water sys¬ that
time, enough money would issue of March 13 we are now ad¬
reference to any later date, and
tem bonds. Due in 13 years. V
in all probability be on. hand to
the court held that the right of
vised that the bonds are dated
practically wipe out the bonded
redemption should have been ex¬
Nowata, Okla.
- '
April 1, 1944, and will mature
indebtedness.
Once that was ac¬
ercised on that particular day and
Request Approval of Bond Issue
$1,000 April 1, 1946 to 1955.
'since the bond form contained no —The City Council may request complished, the six mills would
Shenandoah School District, Pa.
provision for its exercise at a later that the voters approve an issue be dropped as well as the three
Bond Sale—The $150,000 semi¬
'date, unless it were called on the -Of $6,000 or $7,000 fire equipment mills previously set aside for debt
retirement.
This
would
make annual high school improvement
particular date specified, it could purchase bonds,
bonds offered for sale on March
the tax rate 16 mills, which would
•not be called prior to maturity.
16—v. 159, p. 1087—were awarded
Ripley, Okla.
In view of the fact that the issue
cover, as it does at present, the
Bonds Voted
At an election
jointly to Pohl
& Co., Kline,
current operating expenses.
bore a high rate of interest and
held recently an issue of $2,500
Lynch & Co. and Einhorn & Co.
did not mature for
another 20
Mansfield Municipal Authority, Pa. all of
water supply bonds was voted.
Cincinnati, as 2V2S, paying
years, the decision is an important
Bond Call —• Pursuant to the a price»of 100.503, a basis of about
one
in that it demonstrates that
OREGON
provisions of the Trust Indenture 2.445%. Dated April 1,1944. Due
our courts will not be influenced
$7,000 in
Lakeview Sidewalk District No. 3, dated as of May 1, 1943, between on Oct. 1 as follows:
"in such matters by expediency.
the
above
Authority, and the 1945 to 1954, and $8,000 in 1955
Ore.
"Ohio always has been & con¬
Bond Call—Larry C. Fitzgerald, Girard Trust Co., of Philadelphia, to 1964. Other bidders were:
servative, farsighted State, and we
as
Bidder—
Int. Rate
Price
Trustee,
the Authority has
feel certain that no opportunity Town Treasurer," calls for payment
R. H. Johnson & Co
3■ 100.31
1, 1944, bonds Nos. 7 elected to redeem on May 1, $8,- M. M. Freeman & Co.7. A
to save a few dollars in interest on April
;; 3 V*
; 100.65
000
par
value,- water
revenue
Holders of said bonds are
Union
Securities
will cause its courts to change a to 10.
Corp.,
Series A, bonds Nos. A-79 to A-86.
New York; Moore, Leon¬
line of decisions which has been requested to 7 surrender them at
ard & Lynch and Glover
the Town Treasurer's office and Denomination $1,000. Due May 1,
founded upon common sense as
& MacGregor, jointly—.
3VV
100.53
receive therefor the face amount as follows:
$1,000 in 1982, and Rambo,
well as legal principles."
Keen,
Close
& *
of said bonds plus accrued interest $7,000
in 1983.
Accordingly on
Kerner/, and
Buckley
■i
Municipal Market Activity Lim¬
Bros., jointly
3%
100.40
to April 1, 1944.
Interest ceases May 1, 1944, there will become
ited—J. A. White & Co., Cincindue and payable at the Corporate
oh date called.
SOUTH CAROLINA
! nati, reported on March 22 as fol¬
Trust Department of the Girard
lows:
Portland, Ore.
Trust Co., on each of such above
Fairfield County (P. O. WinnsActivity in the Ohio municipal
To Submit Bonds to Voters— numbered Series A
bonds, the
boro), S. C.
market has been limited during The
City Council recently agreed redemption price of 103% of the
Bond Sale—The $100,000 road
'the past week because of the lack to submit to the voters at the
pri¬ principal amount thereof, together refunding bonds offered for sale
,of supply.
Prices, however, .con¬ mary election on May 19 $3,000,- in each case with accrued interest on March 23
were, awarded
to
tinue to rise to new high levels,
000 bonds to finance the recon¬ to May 1. Bonds surrendered for the Trust Co. of
Georgia, and J.
; and our index
of the yield on 20 struction work on docks in the
redemption shall have attached 31, Hilsman & Co., both of Atlanta,
Ohio bonds stands today at 1.33%
all coupons maturing subsequent as Is, paying a price of 100.27, a
post-war era.
.compared with 1.34% last week.
to May 1, 1944.
Interest ceases basis of about 0.91%. Dated April
Salem, Ore.
The yield on the 10 high grade
on date called.
1, 1944. Due $20,000 April 1, 1945
Bond Sale—The $39,000 airport
bonds
declined
from
1.19%
to
to 1949. The next highest bidder
Pittsburgh, Pa.
71.18%; while the yield on the 10 refunding, series 1944 bonds of¬
was R.
S. Dickson & Co., for Is,
lower grade bonds declined from fered
for sale on March 20-—
Bond Sale—The $1,000,000 re¬
at a price of 100.027.
v.
'1,50% to 1.48%.
159, p. 1086—were awarded to funding of 1944, Series A, bonds
.
.
•
•
inverse
in
nu¬
June 1, 1944, or
on
interest
any
date
payment
thereafter at par plus accrued in¬
terest to the date of redemption
bidders
bonds
merical order
on
Co., bidding jointly—
Bonds
callable
be
^
—_
& Co.,
March 29
for
the
purchase of
$658,000 electric system revenue
refunding Series A bonds. Dated
Dec. 1, 1943.
Denom. $1,000. Due
June 1, as follows: $46,000 in 1946
and 1947, $47,000 in 1948, $48,000
in 1949, $49,000 in 1950, $50,000
in 1951, $51,000 in 1952 and 1953,
$52,000 in 1954, $53,000 in 1955,
$54,000 in 1956, $55,000 in 1957,
and $56,000 in 1958.
Said bonds
•
—
-
plus
1,
of $25 for each
premium
a
bond redeemed
1948,
$20
deemed
on
for
before June
or
each
thereafter
before June
bond
and
re¬
or
on
1, 1950, $10 for each
bond redeemed thereafter
and
011
before June 1, 1954, and $5 for
each bond redeemed thereafter.
or
The bonds
are
issued for the pur¬
of refunding
a like principal
outstanding elec¬
tric system revenue bonds, Series
A, and will be payable, together
pose
amount
with
the
of
the
unrefunded portion of
A, and such other obliga¬
Series
tions
as
be issued
may
parity
on a
under the provisions
of the
lution 7
said
from
authorizing
the
rived
net
de¬
be
to
revenues
reso-,
bonds,
the
from
operation of the
city's electric distribution system.
The city will supply the approv¬
ing opinion of Chapman & Cutler,
of
Chicago, and all bids must be
,
—
•
v
-
conditioned.
so
accepted
The
the
bonds
bonds
the
,
have
on
with
above
de¬
called
been
June
successful
the
1,
1944,
bidder
must
will
bonds
livery
be ready for de¬
about April 10, 1944.
on or
Enclose
of the
certified check
a
for
2%
bonds, payable to the City
Treasurer.;
v7,
Memphis, Tenn.
—
-
the
be
and
1, 1944,
par
June
be prepared to accept delivery of
the refunding bonds on or prior
to that date.
It is anticipated that
,
.
of
redemption
and
will
bid
than,;
to
be, refunded
to
proceeds
scribed
for
No
less
for
interest
accrued
City
—At
On
the
Pay-As-You-Go-Basis
of 1943 the City
close
Commission stopped issuing
and set up
a
bonds
1944 permanent im¬
provement fund of $500,000 from
current surplus revenues.
As
sur¬
plus allows, the fund will be in¬
creased : for future financing of
major
Finance
projects,
Officers
the
Municipal
Association
re¬
ports.
.
Shelbyville, Tenn.
.
,
the
Shaker Heights, Ohio
Note
Sale—E.
Rudolph, Di¬
rector
of Finance, V reports
that
J $120,000
114 % tax anticipation
issue
note
has
; Union
;
•
Bank
Cleveland.
7
•
sold
been
of
.
with
Bidders—In
connection
the
estate
•
<
;
Bidder—
^
:
•,
The next highest
Fordyce & Co.
1957.,
was
MlSfc
' Int. Rate '
Ryan. Sutherland & Co.S-^lV*^
'Seasongood & Mayer.—...iy2
Provident Savings Bank &
bidder
PENNSYLVANIA
Berks County (P. O.
sale of the $7,000 real
purchase bonds '-to Fox,
; Reusch
&
Co.,
of ■; Cincinnati
(v. 159, p. 1198),-the following list
of bidders was reported:
1
>
<
$1,000.
77:7 Uhrichsville, Ohio 777:'7 7.
Other
of Port¬
Bank
1, 1944. Denom.
Due $3,000 May 1, 1945 to
the
to
Commerce,
of
First National
land..^ Dated May
P.
Price
100.15
Note
Sale—The
000 tax
Reading), Pa.
issue
of
$700,-
anticipation notes offered
23—v.
159, p. 1198—was
March
awarded
to
Drexel
&
Co., Phila¬
Trust
Co., Cincinnati—.
100.28
'.'..V
H/8
"K 7
March 30 for the purchase of $62,-
4%
000
bonds.
Dated
Interest A-O. De¬
nominations,
$1,600 and $1,500.
Due April ancl Oct. 1, 1945 to 1964.
Bidders may bid .for a different
rate of interets in a multiple of %
building
April, 1, 1944.
'
>
;
of
No bid for less than par
interest.
Enclose a
1%.
and
accrued
certified
-
check
for
$620\ payable.
'
to the District.;
.
?-;7.
Youngstown, Ohio
Bond
Sale
Authorized
The
City Council at a recent meeting
authorized
the
sale
of $20,000
street
improvement and fire sta¬
Clure, former State Senator and
Republican leader of Delaware
County, and his associate, William
C. Purdy, need not repay
$250,000
they received as profit in the sale
of
0.979%
Dated
March
on
April
Chester, Pa., water works
Authority. Reversing
decision of Judge Samuel S.
Shull
of
found
there
Stroudsburg,
had
been
the
21—
1944.
1,
fraud
at
officials.
ed
Debt—The
press", of
part
as
Lock
March
follows:
15
v
Haven
"Ex¬
reported
•
in
••
&>
Co.,
Lynch,
Beane,
and
price of 100.159.
a
were
as
follows:
Int. Rate
Securities
Mellon
Price
Corp.,
Pittsburgh; Union Trust
Mellon
Pittsburgh;
Co., Pittsburgh;
Nat'l Bank,
Nat'l Bank,
Chase
7:'•
New
York, and Drexel & Co.,
jointly
^
1%
„——
Halsey, Stuart & Co.
Bosworth
&
.
..
:
100.149
and
Eastman, Dillon & Co..
Braun,
1
100.135
Co.,
Hallgarten & Co., Fran¬
cis
DuPont
I.
R.
H.
Johnson
and Newburger,
Co.,
Pa.
Mileage Increase To Pay Bond¬
&
Son
Merrill
Bidder—
•
Lock Haven School District,
Fenner
Other bidders
in the deal, which resulted in the
indictment of the two men and
Chester
Co.,
Singer, Deane & Scribner, for Is,
court
no
&
Pierce,
to the above
a
Newbold's
H.
Yarnall
the
several
'
—
sale
H. T. Greenwood & Co., of Phila¬
delphia; Commerce Union Bank
of Nashville, and Crouse, Bennett,
Smith & Co., of Detroit, as Is, at a
price of 100.21, a basis of about
W.
Chester
-.'100.17
Ernst, District Clerk, will receive
sealed bids until noon (CWT) on
for
59, p. 1986—were awarded to
a
syndicate composed of Glore,
Forgan & Co., of New York; E. W.
Clark
&
Co.,
of Philadelphia;
C. F. Childs & Co., of New York;
SOUTH
DAKOTA
jointly
Blyth
&
Trust
pies
-
Co.,
&
&
Co.,
Co.
Loeb &
1.05
—_
Co., L. F. Rothschild &
Co. and
jointly
100.067
' 7
Northern
Co., Chicago, PeoPittsburgh
Trust
.
7
Eldredge & Co.,
.
——
1.10
100.649
Be Put
on
Ballot—At
the primary
election on April 18
the
$25,000
municipal
airport
bonds will be placed on the bal¬
lot.
TENNESSEE
Athens, Tenn.
Bond
A
Sale—The
electric
system
$300,000 series
revenue
bids until 11
a.m. on
Wil¬
March 27 for
purchase of $224,000 coupon
refunding
A bonds.
Dated Dec. 1,
1943.
Denom. $1,000.
Due June
electric system revenue
Lemmon, S. D.
Bonds to
Offering—Eustace
liams, Mayor, will receive sealed
the
v.
delphia, at 0.35% interest. Dated Denom. $1,000. Due $50,000 April
March 30, 1944 and due Oct. 20,
I, 1945 to 1964. The next highest
1944, v The Berks County Trust
bidder was: Harriman Ripley &
Co.; Reading, second high bidder,
Co., Inc., Kidder, Peabody & Co.,
named a rate of 0.45%.
Municipal A uthority (P. O,
Chester), Pa.
; United Bank, Uhrichsville.
2
100.00
7'* Court
Clears
Defendants
In
'Van Buren Township School Dis¬ Water
Plant
Sale ) Case —•, The
trict (P.O. Dayton), Ohio
Pennsylvania Supreme Court on
Bond
Offering
George
L. March 20 held that John J, Mc,
offered
Bond
re¬
funding bonds offered March 22—
Series
1, as follows: $19,000 in 1946 and
1947, $20,000 in 1948 and 1949,
$21,000 in 1950 to 1952, $22,000 in
1953 and 1954, $23,000 in 1955, and
$16,000 in 1956. All of said bonds
are
optional for redemption on
June 1, 1945, and on any interest
payment dates thereafter at pre¬
miums of 2V2% to and including
June
1, 1948; 2% thereafter to
and including June 1, 1950; 1%;
composed of the Equitable thereafter to and
including June 1,
Securities Cdrp., John Nuveen &
1954; and V2 of 1% thereafter to
Co., Chicago; Davidson & Co.,
and including June 1, 1956.
The
Knoxville; Cumberland Securities
bonds are issued for the purpose
Corp., Nashville; Barcus, Kindred
of
refunding
a
like
principal
& Co., Chicago; Nashville Securi¬
amount
of
outstanding
electric
ties
Co.,
Nashville;
James
F.
system revenue bonds, Series A,
Smith & Co.,
Knoxville; J. C.
and will be payable, together with
Bradford & Co., Jack M. Bass &
the unrefunded portion of Series
Co., both of Nashville; C. H. Little
A and such other obligations as
& Co., Jackson, and Clark. & Co.,
may be issued on a parity under
Nashville, at a price of 100.0503,
the provisions of the resolutions
a
net
interest
cost
of
about
authorizing said bonds, from the
1.739%, as follows: For $119,000
net, revenues to be derived from
maturing June 1, $23,000 in 1947
the operation of the city's electric
and
1948, $24,000 in 1949 and
distribution system.
The bonds to
1950, $25,000 in 1951, as 2s, $133,be refunded with the proceeds of
000 maturing June 1, $25,000 in
the above described bonds have
1952, $26,000 in 1953, $27,000 in
been
called for redemption
on
1954 and 1955, $28,000 in 1956, as
June 1, 1944, and the successful
ls/4s, and $48,000 maturing June 1,
bidder must be prepared to ac¬
$29,000 in 1957,: and $19,000 in
cept delivery of the refunding
1958, as IV2S.
bonds on or prior to that date,
It is anticipated that the bonds
Columbia, Tenn.
Bond
Offering — Herman
F. will be ready for delivery on or
about
April 10.
The city will
Roach, City Recorded, will re¬
ceive sealed bids until 3 p.m. on supply the approving opinion of
v.
a
159, p. 1199—were awarded to
group
tioned.
be
must
so
TEXAS
Cisco, Texas.
Wanted—George
Tenders
W.
-
Downie, City Secretary, will re¬
ceive sealed tenders until April 20
chase is
$5,992.
and
works
Water
The
bonds.
for
available
amount
revenue
sewer
1941, 3%
Series
pur¬
chase is $9,000.
considered un¬
No offer will be
at
of less
price
discount
a
and accrued interest.
than par
that notice is
Republic National
reports
Treasurer,
the
to
given
of Dallas
Bank
City
Morris,
C.
interested
and
other
all
to
that the city,
parties,
by order duly passed by Council
on
March 15, 1944, will exercise
right or option to redeem on
1944, by paying principal
and accrued interest $37,000 re¬
its
May 1,
funding series of 1936, being all
outstanding of a total au¬
thorized series of $53,500.
Said
bonds
presented for re¬
bonds should be
demption at the First National
Bank, New Boston, Texas. Inter¬
est ceases on date called. ,
County (P. O. Denton),
Denton
Texas
.
Sale—In connection with
Bond
the sale of the $62,000
and
refunding
bridge
lJ/2 % road
and the
$92,000 1%% road and bridge re¬
funding bonds to James, Stayart
&
Davis,
of Dallas, report of
which appeared in v. 159, p. 1087,
informs
sold
were
of
cost
at
par,
bonds
the
that
us
net interest
a
Kleberg County (P. O.
M.
Brown,
Bond
Salq—The $50,000 drain¬
improvement bonds offered
on March 21—v. 159, p.
sale
awarded
Bank
of
Angleton,
&
Houston.
exceed 40 years;
was
payable from ad
highest
The next
valorem taxes.
bidder
First
the
to
and
Knickerbocker,
of
Due serially in not to
McClung
Ranson-Davidson Co.
Jefferson County
(P. O. Beau¬
mont), Texas
Seeks Court Test
—Fress
con¬
Bids must be for
crued interest.
entire
issue.
The
bonds
will
the
Martin,
Wood, Hoffman, King & Dawson
of New York will be furpished.
sold
to
Civil
of Texas,
Statutes
1911, to
20, 1944, all out¬
redeem on April
standing bonds of the issue of 5%
court
house and jail-'refunding
bonds numbered 1 to 85, aggregat¬
ing $85,000, dated Oct. 10, 1925, in
denomination of $1,000, maturing
$4,000 in 1952 to 1956. All out¬
standing bonds shall be presented
to the First National Bank, Chi¬
a
on
Refunding
emanating from
Austin, Texas, and dated March
18, noted as follows:
report
Four Jefferson
test refunding
County
privileges
issues
three
cases
to
was
new
One
tax
cases
which the Court
is
an
issue
of
unlimited
road bonds, in
which Jefferson County seeks to
refund at 2%% interest $300,000
of 3% bonds issued in 1937, to ma¬
Trust, Co.
Brattleboro
the
Ivanson,
$75,000 building remodeling bonds
at
at
2%%,
replacing
5V2%
bonds
Third
the
general class of bonds in
mandamus
proceedings
is
$528,000 of a 1922 issue of 5% for
bonds
ma¬
Nov. 1, 1944-53
amounts
varying
on
in
bonds
to
3 44 %
those
on
both in Canada and in the United
States, are priced at 100.
The
of
sale
bonds is but
"A"
Series
serial
part of the compre¬
hensive
voted.
according to report.
Dated March 27,
discount.
0.29%
In
The
Bond
Resolution
Passed—A
next highest bidder was Vermont
resolution was passed by the City
Securities, Inc., Brattleboro, at Council recently calling for the
0.335%
discount.
Final bid of issuance of
$35,000 bonds, to sup¬
0.45% was entered by First Na¬
plement insurance and Federal
tional Bank of Boston.
funds to rebuild the high school.
Oct.
Due
1944.
16,
1944.
Offering —L.
W.
to
the
Series
existing bond¬
holders
$164,958,555
of
serial
maturing annually from
Nov. 1, 1953 to Nov. 1, 1975, in¬
clusive, in exchange for their
present holdings.
The new bonds
will in every instance bear the
bonds
rate of interest
as
to
Craig,
Canada (Dominion
(PWT) on April
purchase of $2,000,000
exceed 4% coupon or regis¬
the
Sold
Certificates
—
of)
The follow¬
ing certificates aggregating $146,020,000 were recently sold to the
the
The
the bonds
old maturity,
debentures
new
able in lawful money of
pay¬
are
Canada in
Montreal, Toronto, Halifax, Saint
John, N.B., Quebec, Winnipeg, or
Vancouver at the option of the
holder.
"A" debentures are
Series
The
the plan
reorganization of
be issued pursuant to
to
for the financial
of Montreal provided for
No. 1735 of the City of
Montreal.
This By-law and the
the City
in By-law
contained
plan
it have
in
confirmed
and
ratified
been
the
by
legislature of the Province
of
Quebec. The By-law and the plan
will come into force and, the plan
will take effect as at May 1, 1944,
.i
of
the
mission
provisions of the Quebec Munici¬
pal Commission Act and the rules
of practice of the said Commission
in that regard.
' '.
The figures in the prospectus on
State
at
New
York.
The
able in accordance with whichever
1963, and $75,000 Jan. 1, 1964.
and
Plan
Said bonds to become
payable
as
specified
in
No.
1, provided, however,
city may, at its option,
call all or any of the outstanding
that
the
bonds
of
for
the above
plans;
designated payment
bidders may submit bids
under either
or.
both of said plans;
bids under each plan must be sep¬
arate.
.■
the issue show that the net bonded
temporary loans of
the
reduced from
$238,450,000 at April 30, 1940 to
$228,070,000 as at May 1, 1944,
after giving effect to the plan for
the reorganization of the debt of
and
debt
have
City
t-'j.
been
the City.
Combined collections of real
taxes in each of the three fis¬
ness
cal
have
April
ended
years
the
been
in
excess
current levy
30,
of
1943
101%
of
in each of these
V
years.
the
For
of
es¬
water taxes, and busi¬
tate taxes,
information of holders
of
debentures
unmatured
the
City the following informatiori ap¬
in the current offering pros¬
pears
pectus: 'To effect the exchange
of all outstanding securities of the
n.
City which will mature after May
15,
1944
(excepting
£1,440,000
principal amount of 3% perma¬
nent stock of the City issued in
London in 1898 and 1890,
$378,700
and interest
at rates ranging from 314%
to
3%% from the date of the old ma¬
principal amount
turity to the date to which each
and the securities issued or to be
of 7% perma¬
City issued in
Montreal in 1868, 1869 and 1870,
nent
stock
the
of
particular maturity has been ex¬
tended.
The average extension is
S. E. Low, Provincial Treasurer, is
advising holders of Province de¬
bentures, which matured April 1,
spect
$12.50
:
to
the
debenture.
paid interest on
of their debentures
for each $1,000
Holders
will
presentation
be
for notation thereon of such pay¬
ment of interest at any
the
at
branch of
Imperial Bank of Canada, or
the Bank of the Manhattan
securities
"B"
charge will liquidate
that
date with the exception of $6,842,056 of 3% permanent stock
which is left outstanding under
Series
the
which they
This
1975.
the entire debt of the city by
The $378,700 of 7%
permanent stock will be retired.
plan.
and
principal on the
bonds will be payable in the
Interest
new
same
currencies
and
the
payable
terest
old
as
a
interest was paid on the
exchange is
ities
The successful sale of the Series
"B"
the
in
are
be
and in¬
currency
securities
or
for
to be exchanged,
Rate
or
rates of interest to
Trust
Company,
in
New
coupons.
Interest to Be
that the market for
Paid—Interest to
holders of debentures of the Prov¬
ince which matured
April 1, 1936
1,1941, at the rate of 3%,
will be paid to holders in respect
of the half-year ending April 1,
1944, being at the rate of $15 and
and Oct.
bonds
will
all Montreal
greatly improved
through this re-organization.
be
Bonds Offered for
Investment—
The Montreal "Gazette" of
20 carried the following
March
report on
The holders of
gold.
the
Series "B"
will
securities
exchanged
be
maturities
of
for
the
Series
the
securities and the exchanges
been sold.
.
■
V
Quebec (Province of)
Bond
Sale
Details—In connec¬
tion with the sale
3%
J
basis that the earliest matur¬
earliest
.
same
as
fg|
unmatured securities are to
receive
same
bonds for which
to be made.
not
but
such
on
places
the
in
currencies
to
are
to principal
as
York "A" bonds has had the effect of
City.
Debentures should be ac¬ immediately re-establishing the will be made on this principle
companied by the usual owner- credit standing of the city.
It is throughout."
ship certificates required by the believed by bond dealers both in
The debentures maturing in the
1955; $65,000 Jan. and July 1, 1956 Dominion government as in the Canada and in the United States
years 1944 to 1948 inclusive have
case of
due
i
,
bonds shall become due and pay-
to
•
Quebec Municipal Com¬
in conformity with the
the
by
issued under By-laws Nos.
1635
and 1660 of the City providing for
and power revenue of chartered banks, at 0.75% dis¬
12.65 years for the entire issue.
a
loan of $1,274,280)
for Series
1943, series B. Dated May 1, 1944. count:
"B" securities of the City matur¬
Denomination $1,000. These bonds $57,100,000
deposit
certificates. V Montreal first defaulted on se¬
curities maturing May 15, 1940. ing in serial instalments of prin¬
will be an obligation only against
Due Aug. 29, 1944.
the special fund known as City of
88,920,000
deposit
certificates. Since then, it has continued to de¬ cipal in the years 1953-1975 in¬
fault in the payment of all straight clusive which Series "B" secur¬
Tacoma
Lt. & Pr.
Fund, 1943,
Due Sept. 5, 1944.
the City is
authorized to
term issues, but has paid interest ities
created by Ordinance No. 12452,
Bills Sold—An issue of $65,000,in
full
on
all bonds including create and issue in the form of
for the purpose of paying the prin¬
000
treasury bills was sold on
debentures
and inscribed stock.
cipal and interest of this issue, March 16 at an average yield of those past-due. The original de¬
fault was the result of unusually Such Series "B" securities will
and the $3,000,000 issue of light
0.387%. Dated March 1, 1944. Due
and power bonds, series A, 1943,
heavy maturities between 1940 carry interest rates at the con¬
June 16, 1944.
and 1950.
The new plan estab¬ tractual rate of the said unma¬
heretofore issued and sold pur¬
lishes
an
anual
service
charge tured securities to their stated
suant to said Ordinance No. 12452
ALBERTA
for same purposes as this issue,
(principal and interest) ranging maturity date and thereafter at
Alberta (Province of)
from $14,882,000 in 1944 and de¬ revised rates to the maturity of
Payable at the office of the City
The
Interest Payment Announced— creasing slowly to $10,699,000 in the Series "B" securities.
Treasurer or at the fiscal agency
not to
*
V'
provided the plan shall have been
ratified and confirmed by the in¬
terested creditors of the City and
"A"
have been sold, the
city will offer to
same
bids until 2 p.m.
for
which
for which they are exchanged up
r
City Controller, will receive sealed
12
addition
bonds
Tomah, Wis.
„
,
redemption on Jan. 1,
ture between 1948 and 1967.
1955, or any interest paying date
Another is $125,000 of Jefferson thereafter, upon 60 days' advance
Bids will be received for
County general refunding bonds, notice.
which the county wishes to issue said bonds to be issued under each
with maturities from 1932 to 1961.
annually
1
Plan No. 2:
county-wide
principal
"A"
plan for the -complete re¬
organization of the finances of the
cago, or at the American National
city.
Norman S. Taber & Co.,
Bank, Austin, at the option of the
WISCONSIN
municipal financial consultants of
holder, where they will 'be re¬
New York City, was consulted in
Shorewood Hills, Wis.
deemed at par and accrued inter¬
Bonds Voted—At an election on connection with the preparation
est,
Interest ceases on call date.
March 14 the voters authorized a of the plan and financial reor¬
Tarrant County (P. O. Fort Worth),
The plan has been
bond issue of $97,262 for the pur¬ ganization.
Texas
chase of the Blackhawk County passed by the City Council, rati¬
Bids Rejected—J. M. Williams,
fied by the Legislature of the Pro¬
Club and the construction of a
County Auditor, reports that all
vince of Quebec, and is now to be
new building.
Latter will be un¬
bids received for the $150,000 re¬
dertaken as soon as materials and submitted for the approval of the
funding bonds were rejected.
city's creditors.
Sixty days must
labor become available.
elapse after the notice of the plan
VERMONT
Sparta, Wis.
is given to creditors and unless
Bond Issuance Approved—The one-third of the
.-.VBrattleboro, Vt.
creditors object
City Council recently approved during that period, the plan be¬
Note Sale—The $125,000 notes
the issuance of $70,000 1V2% Bea¬ comes final and is
binding on both
offered for sale on March 21—
ver
Creek
improvement bonds, the city and its creditors.
;
v.
159, p. 1200—were awarded to
special law have
asked to accept.
of Series
maturing in 1953. All of the bonds,
County Treasurer, reports that at
the
election
held
recently
the
were
on
under the sections involved
come
reorganization of
$54,886,500
shortest
;
half-year ending
April 1, 1944, being at the rate of
in the
of the
$5,320,000 to $5,877,000. The
coupons range from 214% on the
Sinking Fund Board at the time
been filed in the State Supreme of considering the bids, and ap¬
Court.
They take the form of proved by the City Council by
mandamus proceedings to compel resolution.
Payment Plan No. 1:
Attorney-General Grover Sellers Due $10,000 July 1, 1945, Jan. and
to approve refunding issues.
July 1, 1946; $10,000 January and
The Court already has decided $45,000 July 1, 1947; $45,000 Jan.
that bonds issued under the sec¬ and July 1, 1948 to 1950; $45,000
and
tion for courthouse and jail con¬ Jan.
$50,000 July 1, 1951;
struction may be refunded after $50,000 Jan. and July 1, 1952; $50,five years regardless of specified 000 Jan. and $55,000 July 1, 1953;
$55,000 Jan. and July 1, 1954;
maturity dates.
1
A much larger group of bonds $55,000 Jan. and $65,000 July 1,
a
success
from
1943, that the Province will*pay
interest to holders at 2V2% in re¬
under
financial
inclusive,
bond of the following two plans of pay¬
sections
of ment shall be decided upon by the
Texas law and
affirm the
to
ture
Nooksack Valley
Voted—Orland
payable in Cana¬
dian
currency
and the private
placement in the United States of
$6,453,000 serial bonds payable in
United
States
currency
would
The
able to the city.
Bonds
"A" serial bonds
amount
Enclose
School Dist. (P. O. Bellingham),
:'■
Wash.
large syndi¬
a
Montreal.
certified check for $30,000, pay¬
Whatcom County,
successful
Canada by
in
entire
before May 15, 1944, and delivery
will be made in Tacoma.
Financial
The
—
cate of banks and dealers headed
by Dominion Securities Corpora¬
tion, Ltd., and L. G. Beaubien &
Co., Ltd., of $48,433,500 of Series
seem
that the The bonds will be furnished and
county has exercised the option paid for by the city and will be
granted by Article 611, Revised delivered to the purchaser on or
tered light
Freeport, Texas
887—were
bid will be
County Treasurer, reports
Bond
.
National
sale
sidered for less than par and ac-'
Kingsville),
Tacoma, Wash
$35,000
for
No
bonds.
the
Assures
Sale
■'■■Pi
to Nov. 1, 1953, carry
coupons for interest at rates rang¬
ing from 214% to 314 %• The of¬
fering price is 100 and accrued in¬
terest.
v. •
1, V1944,
Montreal, Que.
Bond
Reorganization
serially from Nov.
which mature
QUEBEC
WASHINGTON
Treasurer, reports that
bridge bonds are being
called for payment on April 10.
County
one-tenth
highest and best
bidder. The approving opinion of
Texas
(P. O. Rich¬
Call—Minnie
Bond
or
Bids for the entire issue
interest to the date of delivery of
be
mond). Texas
age
k
1.698%.
Bend County
Fort
Auditor,
County
Turner,
Guy
now
multiples of
1%.
of
the
%.
April 10, as follows: $2,000 in 1927
to 1936, $3,000 in 1937 to 1951 and
DeKalb, Texas
Call—J.
Bond
2 V2
Bond Call—Mrs. Ernest
bonds:
the following
Refunding Series 1941, 3% bonds.
The amount available for pur¬
f
Jefferson County.
The present bonds issued in 1935,
for maturity in 1936-1965, bear
4%.\ The new ones would be
" special law for
urer. *
be in
of bonds bearing one rate of in¬
applications calls for terest may be submitted; bids for
the bonds bearing different rates
the Court to make Mr. Sellers ap¬
of interest may also be submitted.
prove a $525,000 refunding issue
The purchaser must pay accrued
of bridge bonds provided under a
bonds, payable to the City Treas¬
less
District
refunded at
The fourth
accrued in¬
terest to June 1, 1944.
Enclose a
certified
check for 2%
of the
for less than par and
of
Road
1, which would be
2Vz %. '
"
No.
condi¬
No bid will be accepted
bids
all
County
Jefferson
of Chicago,
Cutler,
&
Chapman
and
Monday; March 27, 19*44
FINANCIAL CHRONICLE
THE COMMERCIAL &
1296
(optional),
of the $9,680,000
semi-annual re¬
to a
syndicate
the bond re-offering:
funding
bonds
A new issue of $48,433,500 City headed
$7.50, respectively, for $1,000 and
by Wood, Gundy & Co., of
of Montreal serial debentures Se¬
$500 denomination.
Holders will
Toronto, report of which appeared
be paid interest oh presentation of ries "A" is being advertised to¬
their
debentures
for
notation day by a syndicate of investment in our issue of Jan. 17, 1944, it is
thereon of such payment of inter¬ dealers headed by Messrs. L. G. now advised that the bonds were
est at any branch of the Imperial Beaubien and Co., Limited, and
sold at a
price of 98.277 (not
Bank of Canada in the Dominion The Dominion Securities Corpora¬
tion
Limited.
The
debentures 99.25), a basis of about 3.20%.
of Canada.
|f
S!
:
@FedFRASER