The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
periodical room
MAR 2 9 19'
general library
univ. of mich,
New
Number 4685
167
Volume
MONDAY
Price 75 Cents
York, N. Y., Monday, March 29, 1948
a
Copy
"V vAVi'-<
RAILROAD
;rV -
Coity.—Earnings— :
A tldrcssogrFa^ii-MuRigrapIi
,
PUBLIC UTILITY
-
INDUSTRIAL
-
-
INSURANCE
Aluminium, Ltd.—Stock Split-Up Approved—
-
j
•
j&ft. 31—/ '
Period End.
;
.,7.768,283
9.643,405
Of goods
cost
;
(shipments) *
$oM
-4
sales
Jjet
18,589.925
'
r
.
disct; & exp.
deb.
Int.,
«" Net profit
(est.)
Net profit
Unrealized
profit
fiah' accounts
York
*
Net
•
,
r....—r-
on
-
Loan—
this
f
V. -162, p. 977,
time
to
'•
par value common
cents per share, was
12 Va
■
-
,
7 '
•
'
pursuant
»
r
and
present
claims must
Co.
on or
to
confirmed
the
moneys
plan
of
payable
interest or dividends
reorganization
18, 1935, and
Nov.
as
of
thereon,
Ambassador Hotel
Corp.
that pursuant to an order of the U. S.
District Coflft for the Southern District of New York, dated March 9,
the aboye described secuilties and claims
entitled to make the exchange
after Dec. 31,
will be
1948.—V. 142, p. .1455.
>
'
7*:.
•
'."J
•
' '
©f%
.
...
.
need
.
,
for
modernization and expansion of
necessarily delayed during the war and which
done at greatly Increased labor and material costs, "as
maintaining.Inventories (at higher values) on a level com¬
with a greater postwar business volume.
"These
the
emphasized
requirements
importance
Of
retaining
a
suitable portion of earnings In the business to maintain it on a sound
basis and to assure its future competitive position.
Additions to sur-
Slus were necessarily decided, during the that by smaller profitspolicy
and
igher taxes.
It was limited
therefore, war the conservative
is
continue
since
effect
"The
/ greater, protection
recession
Some
Its
time
do
to
with
.
„
the
a
to common stock for 1947, therefore, were re¬
by the appropriation of $2,500,000 from the
cdntingency reserves to provide protection, in addi¬
other reserves carried for the purpose, against possible inven¬
applicable
$6.65
to
a
income account
tion
dividend rate that has
desirability of providing
recession in price levels of raw materials.
Inevitable although few have ventured to predict
against
seems
in
had
extent."
or
Earnings
duced
early
decision
second
the
the present
the war,
unchanged for
in
te
'
to
share
to
tory price declines, it waS stated.
Capital expenditures of $23,587,198 were added In 1947 to the $24,capital expenditures for 1946, financed entirely by retained
and funds provided by depreciation.
It #as 'estimated that
approximately 86%
of the 1947 total represented Equipment, the
584,528
greater
shops.
-•
♦
.
•
were
the
earnings
Dec. 20, 1945.—
on
.
.
before Dec. 31,
securities of New York Ambassador, Inc.
•.
_
be
for
mensurate
York,
City Ambassador Hotel Corp. issuable in exchange there-
1948, no holder of
,
•
whiph was produced
of
part
:
CONSOLIDATED
In This Issue
the company'* own machine
in
"
ACCOUNT
INCOME
CALENDAR YEARS
FOR
1947
;
1946
1945
$
jsrant
Robert A. Seidel, Vice President and Controller
T(;
Co.,
York City, has "been elected a director of Aldens Inct 'Jle is also
Chairman of the Executive Committee of Ihe National Retail Dry
Goods
Association, Vice Chairman for the
Mid-Attahtic States of
the NRDGA and Chairman
of its Government Affairs Committee.
^
Atlantic
together with
AWens Inc.—New director and Official^: < r't
;
New
The last payment,
stock,
made
'
Broadway,
•
expansion.
.
•
and
for,
the payment, of a dividend at
forego
the -$5
on
amounting to
70
'
•
The directors have decided
f
Co.,
securities
described
above
the
1948, in order to receive the
,
due Sept. 1, 1949, and annually
Sept. 15, 1957. The net proceeds are be-
iiig used to pay for modernization and
concerned
which
now
as
been
$35,000
instalments,
Trust
the same to central Hanover Bank and Trust
company has been granted an unsecured 10-year
of $35OvOO0 by the Prudential Life Insurance Co.
This loan is evidenced by 4V4% notes/payable in yearly
thereafter until
of
Holders
,•
,,
Castings Corp.—Private
Figgis said:../
Mr.
first
facilities,
well
&
::
after all taxes but before provision for
was
must
Bank
/
.
operations
absorbed In prices frozen by OPA on a
"The
City, N. J.—Exchange Privilege Expires
Hanover
Central
;
_
from
pointed out that earnings after taxes amounted to 6.5% on
compared with 3.4%. in 1946 when increased labor costs had to
volume of business that was
severely restricted by material shortages.
Commenting upon two major policy decisions involving the year's
It
be
<
The
'
•
income
sales,
1948—
Y., in a potice to the holders of first and refunding mortgage fee
sinking fund gold bonds and 6% sinking fund convertible debenture gold bonds of Ambassador Hotel Corp. and certificates of
deposit therofor; and to the holders of allowed claims against Ambas¬
sador Hotel Corp. covered by plan confirmed Nov. 18, 1935, said:
i loan
■
•
New
Corp.),
record
contingency reserves was $21,83G;624, equal to $7.66 a share on common stock, compared with 1946 net of $8,828,983, or $2.40 a share.
4
N.
$47,178 received from the British, subsidiary during
1947.—Y. 187/ p. 41.
',/ ;
/"■' .
'•V///
t'.'
Alumintiim
Net
5Vst%
of
Advance
Dec. 31,
The
$3,222,996
$4.27
$4,810,752
$6.38
$2,147,24®
' - $2.84
$2;444.198
$3.24
Hotel
(Ambassador
Hotels
York & Atlantic
Cr20,024 *.
received frdm the Bffttsh Government in' August,
settlement of War contracts* and a cash-dividend of $188,594
-from
the British subsid ary in'November,- 1946.- ^Includes
November,
Blyth
Co.,
Ambassador
...
^52,979
:/ I>r7,695
abate—---.,;
dividend
In the offering
a
was necessary to operate with a lower inventory of can
/manufacturing plates in proportion to sales than ever
'
"Includes $70,000
cash
First Boston Corp.
represented
The total
1.
as
earnings,
N6W
profit
1946, .on
received
•
$3,202,972
/
Dr30,925
The
Inc.; Kfdder, Pekbody & Co.; Merrill Lynch, Pierce, Fenner
Beaher Smith, -Barney & Co.- Clark, Dodge & Co.; Hallgarten &
r Co.; Paine, Webber," Jackson' & Curtis; Dean Witter & Co/ Estabrook
& Co.7 Francis"!. duPont & Co.; Spencer Trask & Co.; J. J. B. Hilliard
f & Son;
Maynard H. Murch & Co.; Moore, Leonard & Lynch; Singer,
*?.Deane ,& Scribnef; A. E. Masten & Co.; Kay, Richards & Co., and
Chaplin & Co.—V. 166, p. 1573.
c
March
well as dollar, volume, he said, despite the
fact that because of unprecedented demands for steel, it
physical
' sr
were:
new
announced
,
•
....
.
.
,•
Sales-^Sales reached
high of $338,163,242 in 1947, an increase of about
30% over $258,065,461 in 1946, D W. Figgis, President,
American Can Co.—Has Record
.
a
.
;
1253.
167, p.
before.
&
$5,963,533
2,760,561
.
V.
~
City
trustee,
3 V»%
,
;
Bank Farmers; Trust Co., New York,. N. Y., has been
paying ngent and registrar for $10,000,000 20-year sinking fund debentures, due March 1, 1968.—See offering in
The
made
of
Co.
with
Associated
/
135,008
•.*
cancel
tional Association of Securities Dealers, Inc.;
50,000
'
-
per
118,818
to split the
the authorized
proposal
a
to
"
Aluminum
377,372
■
450,000
$2,154,943 ; $4,863,731
■
rates
Earnings
228,396
-
,
$2,475,123
.
on
at
200,030,
$5.512,166.-l $8;655>369
1,357,223
3,791,638
Canad-..
of
conversion
.«
$4,044,584
1,569,461
^
income taxes
Fed.
28,201.
,
and
stock, sill of which is unissued or retired.
giving effect to the split-up, there will be outstanding 3,722,«050 common shares—V. 167, p. 1037.
,
/50;600
58,819
; 61,655
approved
basis
/
<
Depreciation
—z*
foi' cohtiii^enoiesl
23
three-fo,r-one
America—Secondary Offering—A
secondary' distribution of 48,000 shares of common
-stock (no par) ,by The First Boston Corp. and associates
• I was largely oversubscribed March 22.
The stock was
.offered to the public Bt $58% per share. A concession
of $1.50 per share was allowed to members of the Na¬
income
Prov.
March
on
^a
preferred
i
Shlpp.ng/ comm.
and
sales branch exps.--
stock.on
After
z——$11,693,145 $10,566,581 $24,231,165 $19,306,051
1
vv
\
">
5,324,441
.4,766,306 '10,613,449 '- 8,916,844
Other selling,. adv., gen.
-.>//■
*r - .4 /
\
•
' and admin, eifipfenses. ;:.. 1,970,100 V 1,672,374
3,584,177 , 3,229,829
Patents/ devfeltoptneh &
* v• '•' *
: ' /,>•. 4.'/.'/j
engineering-267,009 •
304,000
580.956 >•' 633,465
Total
stockholders
.common
14,353,278
$24,061,030 $18,942,911
,
>170,135
*363,140
marfcih
$11,592,433 $10,222,712
fhiscell, ■ irrcotae_* ,, 1100,712 ; *343,869
Factory
Other
The
1948—12 Mos.—1947r",
$21,235,838 $17,996^95 $42,650,955 $33,296,189 ''
1948—6 Mos.—1947-
Appointed—
American Optical Co.—Trustee
;
■
'
MISCELLANEOUS
-
$
$
,
New
.
Harry T. Eaton has been elected Vied President in Charge Of Fashion
Merchandising. Mr. -Eaton, who joined Aldens in Octobd?, 1947, , was
formerly President of the South Carolina Mills, Spartansburg, S, ,C.
—V. 167, p. 937.
:
" " ;. / ' ;.....
.." ' /
"
.■
,
.
.
.
_
Cost
Stock and Bond Quotations
Page
New York
,
New York
Stock Exchange
The corporation filed
; 25 covering
;
1
to
be
107,383
offered
each
12
td
shares
of cumulative
In
stockholders
common
held.
record
The
date
is
convertible preferred stock,
of one share
ratio
the
expected to be
April 13, 1948 and the subscription period Will
two weeks.
SEC March
registration statement with the
a
shares
on
or
for
about
extend for approximately
\
The corporation has made arrangements with a group headed by
The First BostonCOrp. and Smith, Barney & Co. to underwrite the
proposed Offerlttg of" heW preferred1 stoOk. The dividend rate and the
•
,
:
-
l'•••
\
Offering, redemption, and/conversion prices will be filed by amendment.
Company
in a. specialized branch of the steel business calling
for highly technical and scientific research."
The corporation has an
outstanding position in
electrical,steei
and
alloys and other special
-
The
corporatlori
consisting
the
new
solely
issue
has
of
Of
alloys
in
order
range
of
to
1,288,607
products
tool steel-and 'tungsten carbide
various analyses.
" '
A
debt, its capitalization at present
to
to
be used
,
Proceeds of
to carry out the cor¬
improvement of its plants
quality and broaden
production.—V...167, p. 541.
improve
increase
stock.
of common
will
rehabilitation and
costs,
and
shares
stock
preferred
reduce
in
funded
no
poration's program for-the
'
sale of stainless steel,
manufacture and
the
elec^ricaT alloys,
the
Charted for
11 years
over
showing monthly highs,
talizafions-^-Volume
Stock
NEW
and
N. Y.
Curb
FEATURE—30
papery to
superimpose
Single (Copy
lows—earnings—dividends—capistock listed on N. Y.
1937 to March, 1948.
virtually every
on
Exchanges,
Group
on
Averages
other*.charts ; for
(Spiral Bound),
f. w.
.
comparison.
$10.00
stephens
'
15 WiHiant St., New Vdrk 5
transparent
on
/
Telephone-HA 2-4848
Balance
Stock Exchange (Stocks)——. .—15
New
Allegheny Ludlum Steel Corp.—Registers With SEC—
sales, after discts. & allowances 338,163,242 258,005,461 242,351,862
of goods sold and selling, gen¬
eral and administration expenses 302,413,421 244,330,759 221,072,799
Net
(Bonds)——
Boston
.—35
Stock Exchange—-
Los
:—L
on
;
13,734,702
21,279,063
by sub. cos.
contracts
on
292,478
325,524 '
338,296
U. S.
J
——
2,104,271
on disposal of misc. Invests.
previously reserved for__
Adjustments applic. to prior years
62,380
323,959
Drl4,810
61,054
Sundry income ——:—±
23,127
26,922
62,720
36,127,806
343,965
14,396,297
169,840
237,474
23,845,404
372,217
13,575,000
5,160.000
•9,870,000
82,165
19,336,624
8,828,983
2,886,331
2,886,331
7,421,994
7,421,994
$6.65
$2.40
13,341,614
2,886,331
7,421,994
•
$4.23
Profit
f
.—36
37
Interest
—38
Plant
—44
Over-the-Counter Markets..—_r.
—35
Transactions New York Stock Exchange—35
Transactions New York Curb Exchange..
—35
Stock and Bond Averages
—
—
income
Total
.—37
Stock Exchange— „—
—38",
Pittsburgh Stock Exchange.-—
—38
St. Louis Stock Exchange—
—
—
.iiz38 *
San Francisco Stock Exchange.:.———/
:
39 :
Montreal Stock Exchange——————
.-.40
Montreal Curb Exchange—-*—
——
—40 '
Toronto Stock Exchange.—*.—43 >
Toronto Stock Exchange—Curb Section.
Philadelphia
interest
received
investments and bills recelv.
and
Government
—36
Exchange—
Angeles Stock Exchange
35,749,821
«.«,—————
income:
Dividends
-
Fees earned
.—36
Chicago Stock
Detroit Stock
Other
;
—.35
Stock Exchange
Exchange—
Cincinnati Stock Exchange—
Cleveland Stock Exchange—
26
—31
York Cttrb Exchange—
Baltimore
.—
taxes
income
on
tAccelerated
^Provision
—
of emerg. facil.
possible future In
amort,
for
Net inc. transfer'd to earned surp.
Preferred dividends
Common
—*—
dividends
209,274
342,351
2,500,BOO
price declines—
ventory
—
Earnings per common share"
—
of $1,429,400, applicable to the subsidiary
companies
organized to fulfill U.
S.
Government
war
contracts.
tApplicable
to
prior years,
$402,165, less related tax reductions,
$320,000.
tTransferred to reserve for contingencies.
•Includes excess profits tax
.
NOTE—Provision
$9,053,907
the
——
exchange-^---/—-.IJ '
etc—
Provision for Federal and Canadian
and
retirements,
in
1947,
for
depreciation
and
amortization
aggregated
$7,925,372 in 1946 and $7,954,907 in 1945.
Miscellaneous Features
Corporation & Investment News.Cover
City Bond Offerings——— -54
Redemption Calls and Sinking Fund Notices_-46
The Course of Bank Clearings
45
Dividends Declared and Payable—-—-J..——46
Foreign Exchange Rates——-—43
General
St. Louis Listed and Unlisted Securities
State and
Combined Condition
Reserve
Condition
Federal
Statement of Federal
_
————————43
Statement of Member Banks of
Reserve System.—4b
Banks—
Edward D. Jones & Co.
,
L
Established 1871
300 North 4th
St., St. Louio 2, Missouri
-
Members
New York Stock
Phono
CKnttal 7600
Exchange
St. Louis Stock Exchange
Chicago Stock Exch.
New York Curb
Bell Teletypo
Chicago Bd. of Trade
Exchange Associate
■
SL 593
.Ojf
i
%"•
>•
;A ;41
'Ji
i«
,
■
1946
1947
'
,
Cash
securities, at cost—
and Canadian Govt,
ti. S.
and
Accounts
receivable—i_i—
bills
(157»0Q3,898
Deferred
686,450
666,175
Unearned
discounts
"Based
102,657
JLand, buildings, machinery, equipment, etc.— 141,231,128 127,574,422
1,385,095
1,273,085
to future operations
—
on
reflect
a
'
1
Total
Accounts
for
Reserves
for
1%
Earned
5,260,594
increase
721,583...
10,000,000
10,000,000
5,000,000
5,000,000
3,632,066
6,445,059
41,233,300
41,233,300
61,849,950 " 61;849,95Q'
83,661,254
74,632,955
—
in
Credit
with
and
in 1946.-
$106,646,134
v,
.....
fixed
other
and
assets
f.
;
1946.—V.
167,
in
assets
non-current
proximately $10,400,000 at Dec. 31,
Canada
aggregated
and $10,025,000
1947,
Dusseldorf,
four
announced
R.
of
Vice
!
25,
.
upon
after
their
'
the
return.
additional
four
linked
The
with
the
Germany
country.
is
and
the
cities
German
line's
DC-4
both
service
and
the
in
-
the
David
j
service
by AOA would
Germany.
Flagships into
latter type into that
for
German
nationals
the
of
in
commercial
its
loan
United
between
commercial
postwar
Frankfurt
and
Berlin.—V,
largest
air
American Power &
this
week
kwh.,
ended
13.62%
or
Light Co.—Weekly Output—
March
to
amounted
company
000
the
18
division
kwh.,
increase
an
corresponding
week
Corp.,
for
„
when
it
34 Va %
the
total
or
of
acquired
150,444
number
-
of
Net
167,
•
shares
shares
of
*
;
television
of
of
Bell
The
V.
"Network transmission
is
place
to
LaGloria
a
service
addition
of t61feyisiori
System is
cables
be
which
present
Midwestern
will
available
be
network
increased
channels
circumstances,
will
and
L
-
a
be
joined
At
to
first
the
5
these '
Under
.
"
'
About 40 million people, it is
estimated, live within the areas which
Bell System television facilities will
reach by the end of 1948.—V. 167,
p.
■
1254.
;
.
.
,
;
Washington
Hill, Jr.," on March 19 resigned as a
President
in
charge "of advertising and director,
because
he
"responsibility without authority,"—V. 167, p. J141.
'
Vice ;
had *
■"
Anaconda Copper Mining Co.—New Director—
v
.
t
!•
/
Arkansas Power. & Light
Co.—EarningsPeriod End. Jan. 31—
Federal
"
1948—Month—1947
revenues
expenses
$1,762,375
856,366
____
taxes
195,279
Other taxes
131,597
Prop, deprec.
reserve
Net
Rent
.
approp.
oper.
for
(net)
retirmt.
or
131,298
lease
of
Int.
RFC
$370,532
$4,556,683
28,000
28,750
345,417
other
$4,149,006
293,000
$341,782
1,277
$4,211,266
3,944
12,950
23,332
$4,224,216
115,828
71.392
1,170.614
•
908,967
of
net
$274,334
$3,053,602
income—
$2,970,371
52,000
surplus
the
$3,053,602
period—
(E. L.)
legislation
months
12
the
after
of
one
used
notification
for
equitable
with
of
prepayment
608,609
stock
Gross
has
been
director
of
directors
plan
for
laws
\
that
the
to
for
$2,444,993
$2,309,762
,
of plant
adjustments
General
Fed.
taxes
income
profits
has
the
road's
March
on
16
approved
on
will
vote
May
two-for-one
a
Senate,
plans
which
4
on
a
proposal
and
call
to
basis.
Oregon
Power
Co.- -Seeks
from
1947
processing
costs
and
for
Amort,
a
-
Other
the
admin.
income
;
&
corp.
taxes-
Bids
1:_™
19,971,936
2,393,101
$4,384,502
units
value
per
account
of
the
Pur-
116,250
the
1948- -12 Mos.—1947
33,300
400,000
400,000
1,325,187
1,230,435
322,495
340,601
$389,859
46,913
46,913
764
764
9,169
Crl0,168
200
Gr47,306
$300,787
41,800
$341,982
$2,753,530
41,800
501,606
501,606
$300,182
$2,251,924
$1,917,960
1,796,200
debt_^
1,755,200
$3,278,353
!'
disc.,
'
expenses.-
income
$2,990,892
562,960
.-•562,960
/;■
*
'-i
tr,.
( -;
-
carried
paid
share
per
to
s
stock—
Other
$2,419,567
'!
,
i
Co.—Earnings—
•'
:
s
Gross profit
sales
on
Sell., admin. &
gen.
Profit
1948;
(after
provision
for
for
estimated
for
income
taxes—!_
contingencies
income
.
.
$1,860,158
1,111,395
'
before
Provision
income
1947
••
depreciation)---™j $2,696(853
V 1,424,948
expenses, less other income
Provision
•
■
/
3 Months Ended Jan. 31—
income
541,000
316,000
$480,905
$432,762
$0.99
"
$0.89
share—.
'
$748,762
.
250,000
;
——
per
'
$1,271,905
,
taxes
BALANCE SHEET, JAN. 31, 1948
1ASSETS—Cash, $1,839,995; marketable
securities, $130,000; accounts
receivable, less reserve, $2,547,412;
inventories, $6,629,111; other cur¬
rent,
assets,. $374,456; fixed assets (less reserve of $4,769,016), $5,625,222; patterns, and
drawings, $1; deferred charges and* other assets,
$243,506;
total, $17,389,703.
'
;
LIABILITIES-—Including
fiscai
and
$4,300,010;
years,
Champion Paper
March
19
5,000
&
1945
Co.,
New
accrual
Fibre
of
notification
common
Thomson, deceased,
tax
for
and
current
contingencies;-! $1,534,433;$17,389,703.—V.'r 166, p. 1047.
total,
&
letter
a
income
reserve; far
surplus, $11,555,260;
On
$18,851,614 $13,443,980
13,617,960
10,138.064
1,738,390
1,318,052
at
shares,
$19
York.—V.
Co.—Filing With SEC
to
per
167,
prior
Capital
filed .with
was
be
sold
share
1255.'
p.
the
for
or-better
1
.,
the
SEC cover-
estate
of
Logan
through Goldman,
ur:
y
.
j
Chesapeake
&
Ohio Ry.
Period Ended Feb. 29—
Gross income
U.
,
S.
Other
Net
$2,680,675
&
excess
692,811
714,631
228.285
Net
653,240
191,396
969,466
870,570
oper.
$2,031,483
1,240,962
$1,685,941
$884,433
827,308
723,895
$0.81
inc.
&
taxes—
1,141,713
1,804,094
2.383,317
taxes—
income
1,758,005
2,389,017
1,773,326
1,536,309
3,536,643
share
$0.22
$0.36
income
"Earns,
269,415
surp.
Can.
profits
1948—Month—1947 ✓ : 1948—2 Mos.—1947
$25,655,229 $23,320,526.$52,529,334 $48,927,999
railway
ry.
645,302
tax__
Co.—February Earnings-^.
-
$1,987,864
$3,928/783
466,245
$0.43
2416.
for
\
'
G
$0.98
earned
Cr804
543.
p.
t(>
260,118
income
'»!•.
-f
9,169
■
..
1
"
-—-
pfd.
167,
Sachs
(Reg. U. S. Patent Office)
year;
in Dominion of Canada, $38.00 per year.
fluctuations in The rates of exchange, remittance
en¬
$338,296
Chain Belt
of
LoSon,^' 5!WC,^EngTand c/o Sdwa/ds^^
On
be
on
by, such .subscriber.
$1,533,652 $15,923,315 $13,746,412
659,592
7,797,325
6,104,886
110,000
1,326,250
1,265,000
33,300
debt;
and
on*
—V.
'
for
William B. Dana Company, Publishers, 25 Park'Place
New York
Seibert; President; William D. Riggs, Business
Manager.
Published twice a week
[every Thursdav
(irpniroi
offices: 135 8. La Salle St.,
Chic.fo 3, 111. (Telephone State 0613); 1 Drapers' Gardens
as
second-class matter
February 25, 1942, at the post office at New York, N. Y., under the Act of March
3,
1879
' Subscriptions^ in
American Union, $35.00
NOTE:
owned
canceled.
will
Co.-^Earnings—
per
com.
P
3,52.9.347
4,925,100
2,898,680
3,683,294
$0.46
"Calculated on number
of
shares
outstanding
Chesapeake and Ohio and Pere
Marquette.
Seeks Bids
The
on
is
company
Equipment Issue—„
inviting bids, to be
(Continued
«muCom^ercia,oa^d Jinancial Chronicle
William Dana
be
Hydrocol
of
the
509,898
—~
for Federal
p".
to
are
Hydrocol
1—Lt-J.
Net
the
613,537
charges
Depreciation
Depletion
166,
100
of
directors
$258,987
of
Net
1946
$3,682,474 ' $3,495,264
702,028
433,519
;
Total
gain
shares
more
1948—Month—1947
deductions
Div.
Net
split-up
par
unit
t
become
sell¬
products—_ $26,047,511
—
Balance
-
of
$1/664,898
854,557
income
prem.
the
not
acquis,
Int. on long-term
,
previously existing such
by
shall
accept a commitment from
$3,500,000.
Payments not called for
of
)
excess__)
J
&
taxes
Gross
Calumet & Hecla Consolidated
Copper Co. (& Subs.)
Net
subscriptions
in
•
simpli-
.
—V.
1,350
be. made
to
are
and
board
depreciation-
Amort.
of
passed
>
50%
350
each
for
revenue
Prov.
•
The company is
inviting separate bids (a) for the purchase as a
whole of $4,500,000 first
mortgage bonds, series due April 1, 1978 and
(b,4 for the purchase as a whole of
100,000 shares of common stock
(par $20).
T '
,
All -bids shall be-submitted
to the company at the office
of American
Trust Co., 464 California
St., San Francisco, Calif.,; prior to 9 AM
(P.S.T.) on March 30.—V.
167, p. 1147.
deliv.,
135
13 %
the
on
Operating expenses
mort¬
chase of Bonds and Common—
gain
,.37'/2
or
Central Illinois Light
Bruce Co.—Plans Split-Up of Stock—
California
Net
35
plant starts operating
100
Period End. Jan. 31—
the
"
!
under
poSble
168%
,
stockholders
Dividends
;—
938.
'
obtain
basis
$2,918,371
608,609
506%
proposed
$0.86
also voted
an
authorized 250,000 shares of $25
preferred stock and an increase in the authorized
stock from 1,000,000 to
1,200,000 shares, and a change of the
common stock from no par shares to
$10 par shares.—V.
167, p. 1254.
Provision
118'/8
131%
loan
to
1947.
that
Other
$305,284
reservation
43%
,30%
shall
titled
structure,- according
$3,879,338
chgs._
>
Hydrocol
255,000
$3,856,006
$3.45,726
Balance
p.
year
135
■
81 Vi
additional
an
255,000
purposes.
an
67%
".35
125
the
stockholders
Revenue
100
proposed/subscriptions
that
-
$421,112
-
Balance transferred to earned
Dvis. applic. to pfd. stocks for
167.
the
explained
out,
Production
Total
100 "
owning
representation
of
f
168%
.375
subscriber
cumulative
Sell.,
$419,835
income
Miscellaneous
-V.
■
990,817
,
the
of
Each
committee
its
of
capital
•...
Proposed'
Subscriptions
17.»/a i -
-
125
'
Co.
Gas
provided
for
within
$5,509,000
•
public offering of 80,000 shares of $25 par cumulative
preferred stock
soon
after" April l, with estimated net
proceeds of $1,850,000 to be
added to working
capital.
'
Other
and
Net
1,360,316
$447,835
,
Operating income
Other income (net)
income
reactivated
development
ing- metal-and-metal
■
proceeds
above.
43%
50:
1,000
Payment
.
J'
plant
—•
Gross
81,589
Natural
220,026
letter
a
corporate
Years Ended Dec. 31-
r
revenues--.
1948—12 Mos.- -1947
1,429,346 $19,184,696 $16,233,882
726,164
10,021,848
8,379,045
139,290
1,844,338
1,613,435
111,771
1,401,511
1,101,579
Gas
830,454
by changing the
the shares to $2.50 from $5
per share.—V. 167, p. 1)47.
William
Operating
Operating
•
'•
Company
Corporation
binding-until
"every, expectation that it soon will become law," which
acceptance,by a' small- minority of a plan approved by
majority of the stockholders and the Interstate ComCommission,—V. 167, p.-743.
- *
common
Gage Brady, Jr., Chairman of the board of directors of the
National City Bank of New
York, has been elected a director to fill the
vacancy created by the death of the late Gordon
s. Rentschler.—V.
167, p. 246.
'
!
'
the
other
has
report for
The
Present
Total
common
•
r
v
1
Webster* Inc.—
-Western
substantial
par
George
and
company's
company
The
American Tobacco Co.—Official
Resigns—
and
par
The- stockholders
«
•,
filed
22
not
merce
described
Subscriptions
Corporation--
Texas
'United
Broadway Department Store, Inc.—Stock Increased—
Public Offering of Preferred
Expected—
network, >
sharing of the
necessary on certain routes.
schedule of rates will apply.
March
the
the
pointed
purposes
-
Balf»n"e
Eastern
some
be
special
a
will
company
of
the
•
'
1_
,r<
additional loan .of $3,500,000 to match
an
for
Stone &
167,
,
company has
would compel
f
t
television
extended.
used
$3.29
on
at
studying
The
basis,"
Eastern
offered
annual
network, the Bell
constructing 2,000 miles of network channels in coaxial
radio relay systems in the mid-west.
By the end of the
and
,
.units1 to "
subscription
supplied through subscriptions'to-additional units,
2554.
p.
($130,000)
This
now
the
year,
commercial
a
the
to RFC for
Corporation
Share Corporation.^.
The
$200,000
1'icaC.orr
p'assed the SXperi
programs has,
for
been
basis.
on
to
initial:
that
Niagara
■;
Boston & Maine RR.—Studying
Recapitalization Plans
Although the' provision of fnter-city chanhighly complex job, we have now had. sufficient experience to
this
In
the
as
the
Corporation
Oil
Forest
1946
$10,033,825
-
shares.,
company
gage
Bell Bystem ha?: made its East Coast network
*?> ■16
available to broadcasters
nels
basis
same
,
15-year sinking fund first mortgage bonds,: Under¬
writer, Mohawk Valley Investing Co., Inc., Utica, N. Y.. The bonds are
basis.
experimental
the
present subscriptions to units of Hydrocol and, the proposed sub¬
on a unit basis are as;follows;
amounts
1947
'
-
N
v
«rt,rTiVi
o
■
•
a*™
2-9570.
t*
v.
*
on
o
.
—I
lS5tte
-
.
of
:
April 7, on an
.,
—
Editor
$0.87
merger
;
at noon/
page ,6)
Herbert D. Seibert,
oaT'L
.
opened
after
4,275,467
3,096,534
8,031,290
6,882,090
and
TiTT
T"
Publisher,
on Monday), m other
Company^, Reentered
United*'
ff
1? ** .Wlllia"? B- Dana
.
*>UDScnptions in United States, U. S. Possessions, Territories and Members of Pan-.
must be made in New York
funds.
"" 'V :"V./"'i?,
Countries, $42 00 per year
foreign subscriptions and advertisements
:
interim
common
outstanding—V.
share
per
166,
SEC
present, television facilities are being furnished by the company
without charge to broadcasters, over a combined coaxial
cable
and
radio relay network between
Boston, /New York, Philadelphia, Balti¬
more
and Washington.
an
that
when
therefor'.$251,875.~.-\;\v'.A-;f/•••
subscriptions to ;350 additional
offer
r__
common
The
At
on
>
scriptions
-Bennett-Ireland, Inc., Norwich, N. Y.—Files With SEC
network
facilities, to become effective May' 1,
will be filed by the American
Telephone & Telegraph Co. with the
Federal Communications Commission this
week, according to an an¬
nouncement by
Bartlett T. Miller, Vice-President in charge of the
company's Long Lines Department.
With the establishment of rates,
the growing network of Bell
System television channels will be placed
commercial
in
stated
now
proposes to apply
American Telephone & Telegraph Co.- -To File Tele-
vision Network Rates-
a
to
United .has
•
30—
earnings
No.
—V.
on
'■
acquired
to
proposes
is
Chicago
Bell & Gossett Co.—Earnings—
Earnings
for
authorization
on
proposes
provided
subscribers
>
<
above
The $3,500,000 to be
which funds will be
subsidiary of Equity Corp., recently became Bell's
a
Years Ended Nov.
Net
sales
27,482,-
of
1947.—V.
of
'
•
Rates
units
among
$7,600,000 after the
company has expended in construction a .--like amount of the funds
provided by the subscribers in accordance with the subscription
agreements described above. Additional amounts up to the
aggregate amount
of $9,000,000 will be made by ' RFC on the basis of like amounts
ex
.pended by Hydrocol from funds provided;.vbyj subscribers.; t Hydrocol
further
and
President of First York
743.
.
inputs. of subsidiaries
System
229,216,000
the
over
1254.
p.
rata
subscribe to 35> such additional units for a cash
aggregate amount of $352,625. ' •
' •
the plant -which wa.sVioriginally. estimated to
cost approximately $14,000,000 will cost approximately
$19,000,000 by
reason
of changes in design and increased costs of construction,
in
addition supplementary costs including working capital of
Hydrocol'
are
estimated at $3,66lrS67;
Further Hydrocol contemplates the con¬
struction arid operation of a gas pipe line from; certain: field sources
It
1947
loan
stockholder
stock;
167,
P.
the
the
consideration
,
■
For
subscript
Hydrocol
of
pro
,.
present-"subscribers
of
Present plans call
operations.
Milton.
M-
First York
'.
first
149.
p.
purchase
payments
receipts for 25 units having paid
Corp. and of Equity .Corp.,
and Webster B. Todd, Chairman of Equity's executive
committee, have
been
elected directors.
At the same time the by-laws were amended
to reduce the membership of the board to
eight from ten, and Charles
A. Criqui, John W. De Forest, Mark J. Millard and
Ansley W. Sawyer
resigned as directors.
V
to
.
inaugurated
AOA
2,
of
amount
-
to
Hydrocol
net loss cf $17,083
a
would
needed.
as
the
for
for
call
agreement
Pursuant
Insur¬
of Associates Investment
Co.,
$435,406 for the year ended
for the vear 1946,
$10,106,853 were written in 1947 com¬
earnings
with
parent company
,
March
was
subsidiary
net
compared
.aggregate principal, amount ,pf $10,000,000, due: 19.60 and"
common Stock to be sold:in/units
.consisting of. '
Name of Subscriber—
Constellation
airline operating
only
*
On
of
.
Bell Aircraft Corp.—-Two New Directors—
served
be
to
trans-Atlantic
operates
company
1%
of
satisfactory,
the total receivables
year
Barber-Greene Co.
corporation
presently operates daily round-trip flights between
New York and Frankfurt-am-Main,
Germany, one of which stops at
Boston; another of which originates in Washington, stopping at Phila¬
delphia; and two of which terminate in Berlin. Mr. Harris indicated
that
Vh
being
the
The
stated that he and C. R. Smith, President of the air¬
leaving within a few days for Germany, and that the date
which service is to be inaugurated will be announced shortly
be
funds^Mfncluding--funds S
75 shares of common stock, Uitited was author-^
acquire 100 of such units at a cost of $1(007,500; The
to
ana
—
Debentures Placed Privately—company^ it was announced March 25, has placed
privately through Central Republic Co. (Inc.), Chicago,
$1,500,000 15-year sinking fund debentures,-dated Jan.
1, 1948 and due Jan. 1, 1963.
Hamburg, Bremen, Cologne and
President and General Manager,
were
The
Finance
the
Hydrocol
,
,
expansion of
solidifying the great
•number of new discount branches opened during the past two years
before considering further expansion in that direction;—V. J67, p. 1254.
Harris
Mr.
line,
during
/•
Morris/ President, pointed out.
Co.
and its subsidiary,
Eramco. Casualty
insurance
the
to
small
its
.
Harris,
March
on
experience
$150,285,000. ;
totaled
and
in
ticn
authorized by the Civil Aeronautics Board
cities
German
Harold
$9,000,000 was. to-, be., financ^r.^rdugh';^, loan rrroinCorp.- The balance of;
to
: in'of;
compared with $113,017 the pre¬
ceding year.
When steel is more readily available, an increase over
of natural gaa at an estimated cost of approximately
$1,350,000.,
•
the present production will be possible, Mr. Morris said.
;
vf, i
/ < The application-declaration states that': construction * costs of 'the
During the year, Associates Investment Company opened >16 pew
plant to the extent of 50% thereof will be financed'by a loan from
discount branch offices, bringing their total to 102 located in 26
RFC, said loan'to be secured by a first mortgage, oni All :of the present
states and the District of Columbia.
In addition, a commercial loan
and after-acquired properties of -Hydrocol.;RFC has approved
Hydrodivision
was
opened in Chicago.
For diversification purposes,
Mr.
col's application for a loan in an amount hot to exceed
$9,000,000 and
Morris said,
the company will continue, in a conservative manner,
will
make
available
to
Hydrocol a credit of
31,
•
This corporation has been
'
manufacture gasoline from natural gas by a synthesis process s
tfce, "Hydrocol Process.'.; ;, It was;, estimated that .Uie post of ' '
plant"' would be $14,000,000 / of'AwJI^'^approxiinatei'yw
-
German Cities—
the
following
$10,000 note and
one
with
$388,015
ap¬
Dec.
at
banks
net Josses
of
M,
1947
promotion
serve
be
ized
$4,671,425 in 1946.
Manufacturing Corp., wholly-owned subsidiary engaged
manufacture of
metal
furniture,
contributed a net income
the
.
American Overseas Airlines, Inc.—To Serve Four More
to
the
75000 shares ($1 par)
Durham
149.
p.
E,
Premiums
; .
NOTE—As heretofore, the consolidated balance sheet includes assets
and liabilities incident to operations in Canada.
Net current assets
employed in Canada were approximately $12,400,000 at Dec. 31, 1947
and $15,600,000 at Dec. 31, 1946, after translation into U. S. dollars
at par, the "official" rates of exchange per Canadian dollar.
Likewise,
4
collection
consolidated
31
pared
company's line of credit, ,which, at. yeatvend
194
Insurance
Co.,
ance
Dec.
the
with
ratio
the
Emmco
1947 and $475,000
of
use
liquidated,
under carry-back provision of Internal Revenue'
for
depreciation pf $112,830,910 in
1947 and
reserve
greatest increase
established
was
249,568,150 225,869,140
for doubtful items of $485,000 in
tPrincipally
tAfter
to
working capital and other col porafe purposes, wAs proposed
acquired through the issuance by-; Hydrocol of :6% promissory
notes
.
13,448,261
—
1946.
to
inc.—
on
———
•After allowance
the
1,855,498
showed
la
as
needed for
21,683,194
(par value, $100 per share)
Total
Code.
during
stock; .retired
*
to
construction
1,855,498
(par value, $25 per share)—
surplus
preferred
Financing
respect
^
t
proposed
*
$7,000,000
25,353,245
,721,583
'
compensation insurance.
contingencies——--——
preferred stock
the
-
debentures, due Feb, 1, 1951—
Common stock
Texas
Known
.
...
,
NOTES—The
payable...
Reserve for Federal <fe Canadian taxes
Reserves
1946
year
*
Preferred dividends
Ten-year 1%%
99'^5,469
$■8^24,j18 ^,4^298,862.
on
order with
an
pur-
stock
payment
issued
9
1
chase
by'United of certain poteS" arid shares of common stock
of • *
Hydrocol.
Hydrocol proposed to construct- a Plant near. BrownsvilleV '4
in business was accounted for'in the ~
automobile classification*. motou Wen- Mtail installment* notes having
increased 128% v from $69,909,919 ' in 1946 to $159,560,391. in. 1947,.,,. .
Funds to handle the greater volume were obtained largely from an
'
and accrued expenses
payable——-——.l
payable
*
shares • outstanding ftt Dec.'-. 31, 1947.
outstanding in 1946 ;aTter-adjustment to
(substitution completed
Aug.
25,
1947,
common
*k
.
249,568,150 225,869,140
*
-
LIABILITIES—
Common dividends
dividend
•;
•.
•
March
on
^■' y
■
\
/
•v
United Gas Corp, proposes to purchase certain .securities of.
Carthaee
Hydrocol Inc.' The Commission by a prior, order authorized the
I,31T,2J4
^l—_
shares
635,104
two-for-one
after
and
1,041,824
on
tBased
'
'
Dec.
'
Deferred charges
•
163,290,706
common
at
\i
.
SEC
transactions:
467,258,839.:248,795,837
taxes
share
Receivables outstanding at Dec. 3lr
2,270,000
131,091
,■
1,964,000
(•Estimated adjust, of prior years; Federal taxes
Postwar refund of Canadian excess profits taxes
r
-
The
,
.;
3,717,248
—°
after charges, and
per
1946
: $
r
$
.
1
subsidiaries
finance
Net'earnings
Earnings
243,647
256,098
bills receivable-
and
accounts
its
12,642,050
51,882,440
18,499,57b
—-
and
Gross volume of receivables acquired by co.
5,750,000
------
Invent, of raw mat'ls, wprk in proc. & fin. prod.
Miscellaneous stocks and bonds (at cost or less)
•
!
23,436,230
28,439,248
demand deposits in banks—
hand and
on
1947
Calendar Years—
$
Cartilage Hydrocol Inc.^—Additional'
Subs,)—Earnings—
Associates Investment Co. (&
31
DEC.
SHEET,
BALANCE
CONSOLIDATED
ASSETS—
Monday, March 29, 1948
FINANCIAL CHRONICLE
&
THE COMMERCIAL
«=
*
I
Number 4685
Volume 167
THE COMMERCIAL
ADVERTISEMENT
UNITED
STEEL
by the Chairman
'
'
steel production; the year 1947 was one of excep¬
tional achievement. The, subsidiaries of United States
Steel Corporation produced the record peacetime total
of 28.6 million tons of. steel ingots and castings, such
In
full capacity had not operations been interfered with to
extent by conditions outside of the U. S. Steel's
ADVERTISEMENT
fully set forth in the
these changes was being sold substantially below cost
and this price increase was made to correct this un¬
Long-term debt of U. S. Steel at December 31, 1947,
$77.2* million, excluding" $5.7 million of bonds
sound
was
'
history.
More and Better Facilities
U. S. Steel's rated annual
capacity at
for the production of steel
,
ingots arid castings
was
31.2
million tons—about One-third of the total steel
making
capacity of the country..
less than the war record total of 21.0 million tons in 1944.
1,1947.
1947 shipments were 20 per cent higher than the
The
previous peacetime record established in 1929.
achievement was made possible largely be¬
cause of cooperation between employes and management
in an effort to utilize the efficient tools of production of
tJ. S. Steel so as best to help in meeting the heavy cur¬
rent steel needs of the nation.
Such
an
U, S. Steel's 1947 exports were less than half of the
tonnage exported in 1940 and constituted about six per
cent of total shipments for the year.
'
equal or improve in 1948 the production record of
1947 will depend to a considerable extent upon some
factors not wholly within the control of U. S. Steel.
There must, for instance, he freedom from strikes and
To
t
work
stoppages.^ A major factor, too, will be the avail¬
sufficient supply of suitable basic materials,
notably scrap arid coking coal.
ability of
a
Sales, Income and Dividends
1
Dollar receipts from customers in 1947 were the high¬
est of any year in the history of XJ. S. Steel, amounting
$2,122.8 million and exceeding by; $626.7 million the
to
total dollar receipts in the strike-affected year of 1946.
Steel Corporation and sub¬
million after taxes, an
increase of $38.5 million over the prior year when the
Income of the Corporation was affected adversely by
Income
sidiaries
serious
these
of United
1947
for
steel and
strikes
in
States
$127.1
was
strikes;
coal
1946
caused
It
will be
recalled
estimated
an
loss
that
of
6.3
million tons of steel production to U. S. Steel and pulled
down its average rate of steel making operations for the
to 72.9
year
per
cent of rated capacity.
on
the basis of sales
in 1946. This return of six
as
is the. lowest for
cent
peacetime year in the
history of U. S. Steel when operations were near ca¬
pacity; Such a return on sales is, for example, only
slightly more than half Of the average return on sales in
1920, 1923, 1926;, 1928 and 1940.
per
U.
S.
Steel's profit in
any
from all operations was
$70 million less. than in 1929, although in 1947 its sales
Were twice those of 1929. U. $. Steel's profit in 1947 of
$127 million was $25 million more than it earned in 1940;
However, in terms of the purchasing power of the 1948
dollar, the 1947 profit of $127 million, was only $80 mil¬
lion, or one-fifth less than in 1940, and this despite much
•
As
1947
:
TJ. S. Steel's relatively low earnings of six cents per
of sales in 1947 evidence the cumulative effect
dollar
of
rising costs in all fields of operation. As in the case
of industry in general, U. S. Steel was faced during 1947
With this problem of rising costs. Wages, salaries and
other employment costs continued to mount, as did the
of the thousands of products and services bought
by U. SI Steel.
<
cost
,
In
on
1947, U. S. Steel derived
a
j.
long-term debt. The investment
computed is based
replacement costs.
on
book
on
which this return is
values
far
below present
^
The above mentioned income for 1947 reflects
$26.3 million for the year covering
pf facilities in addition to
wear
and
facilities.
a
wear
cost of $87.7
a
cost of
and exhaustion
million for such
exhaustion based upon the original cost of
This additional cost, although riot presently
deductible
income
for
tax
represents the
judgment of the management of U. S. Steel as to what
is advisable in view of the
greatly increased present cost
of facilities over the original cost of the. facilities which
are to be replaced.
*
purposes,
a
share
on
the cumulative preferred stock—aggre¬
gating $25.2 million—and total dividends of $5.00 a share
on the common
stock, aggregating $43.5 milliori. DiviV
dends paid to the owners-in 1947 represented about onethirteenth of the year's payroll for U.
S. Steel's
employes.
After, declaration of dividends oh :the -preferred and
stocks for the year- 1947, including those
declared pn January 27; 1948, there remained for rein¬
i
•common
vestment in the business $56.2 million, as compared
$28.6 million in 1946 when operations were pn a
with
sub¬
stantially lower level.
Working capital of. United States Steel Corporation
apd subsidiaries at, December 31, 1947, after deducting
dividends declared on January 27, 1948, and excluding
the balance of funds
segregated for property
and
war
costs,
additions
$548.7 million, compared with $629.1
million at December 31, 1946. The several factors causing
was
Wholesale
than
Percent
of All
Price
Commodities
J
1947
Increase
100
208
108
Products and Poods—:
Farm
100
175
75
100
150
50
Price
of
Finished
Steel
100
139
39
The Bureau of Labor Statistics' index of the wholesale
not produce or sell. According to Iron Age, the "steel
price composite is constructed from the base prices of
finished steel products. It does not reflect extra charges
(specific charges for certain chemical and physical
characteristics added to the base price) which all con¬
Quarterly and need not be repeated here,
sumers pay
of the major items in U. S. Steel's current
program for more and better facilities, in terms of in¬
creases iri annual capacity, is as follows;
in varying amounts."
August 18, 1947, the Federal Trade Commission
initiated proceedings against the American Iron and
Steel Institute and various steel companies, including
On
Tons
Steel, charging violations of the Federal Trade
particularly in connection with the
basing point method of pricing and selling steel prod¬
ucts, a practice which has been in use in the steel indus¬
try for about fifty years.' In U. S, Steel's opinion, these
charges against it have no basis in fact or in law.
U.
Byproduct Coke Ovens, Coke
1,900,000
Blast Furnaces, Pig
1,000,000
Steel Furnaces, Steel Ingots-—300,000
Rod
December
price of iron and steel includes iron ore, pig iron and
scrap,* as well as cans, hardware and. numerous other
items manufactured from steel which U. S. Steel does
.
---i—
mus.
(Iron Age—Base Prices)
A summary
Rolling Mills, Steel Sheets—
Tin Mills, Tin Plate.
Pipe Mills, Tubular Products
Steel
(Bureau of Labor Statistics—Preliminary)
Composite
The detailed story about most of the various new or
improved facilities of U. S. Steel has been told in earlier
annual reports and iri the last two issues of The U. S,
-
S.
pound {Iron Age), The following table estab¬
(Bureau of Labor Statistic*—Preliminary)
Wholesale Price of Iron and SteeL--^-
approximately $350 million at December
/
U.
/
for additions to and replacements of facilities
a total
of about $775 million. The unex¬
pended portion of the authorizations for this program
■
which
(Bureau of Labor Statistics—Preliminary)
Wholesale Price of All Commodities Other
reached
to
services
1940
program
amounted
and
Year
approximately $206 million. Since V-J Day, U. S. Steel's
31, 1947./ '
granted to
in December, 1947, would have had to be at least 40 per
cent greater than they were;
ments of its facilities.
has
was
lishes that to have maintained their 1940 parity with the
index of wholesale prices of all commodities, steel prices
as
U.
S.
Steel's
program
for the enlargement and
improvement of its facilities was aggressively pushed
during 1947 in the face of higher costs, shortages of
materials and labor, and difficulties in securing essential
equipment. Expenditures in 1947 for these purposes were
substantial wage increase
At the end of 1947 the price of finished steel was 3.189
a policy of main¬
possible,- facilities to enable it to satisfy
its cusomerS' needs for steel, whether in peace or in war.
In furtherance of this policy, U. S. Steel has continu¬
ously provided large sums for additions to and replace¬
far
so
a
commodities
cents per
are now
steel consistently has followed
U. S.
adjust¬
During the first seven months of 1947, costs of U. S.
more than an average of $5.00 a ton o
finished steel; excluding the cost of the coal wag.,
settlement in July. On August 1, 1947, U. S. Steel sub¬
sidiaries named price increases for numerous stee
products, varying for different products but averaging
about $5.00 a ton, or one-quarter of a cent a pound.
being operated by their
new owners and are thus
contributing to the present
total steel production of the
country.
taining,
price
Steel increased
and other facilities were sold, the net increase in
U. S. Steel's rated steel making capacity since January
1, 1940, is about twelve per cent. The facilities which
sold by U. S. Steel
1948,
purchase to stay in business advanced sharply.
II
Were
Although
the
S.
Commission, Act,
845,000
500,000
300,000
;
80,000
Mills, Wire Products-*—*.
Steel In the West
1947, steel production at the Geneva.
(purchased from the Government on June
At the end of
Distribution of Steel
The demand for steel products of almost every
Utah, plant
19,1946) was close to full potential capacity, thus aiding
substantially toward meeting the steel needs of the West.
The operation* of this plant by U. S. Steel has also re¬
sulted in financial benefits for Western steel users by
reason of the establishment of Geneva, Utah, as a basing
kind
during 1947.
The requirements for
steel reflect the inevitable outcome of a five-year inter¬
continued unabated
ruption in the production of innumerable articles of
peacetime commerce.
They also reflect the effect of
steel and coal strikes Since V-J Day which caused an
industry loss of more than 18 million tons of steel
production.
point for the steel plates and structural products pro¬
duced there. A reduction in freight rates from Geneva to
the Pacific Coast similarly contributes to lower delivered
prices for those products to West Coast customers.
Supply not being equal to this abnormal demand, U. S.
to the best of its ability to distribute
its steel production fairly among its customers.
Steel for 1946 contained an
proposed purchase of the fabricating
assets and business of Consolidated Steel Corporation
and of the suit instituted by the Department of Justice to
The annual report of U. S.
Steel has tried
U. S. Steel's customers prior to
account
World War II—some
major part of its
impartially on the
same relative basis.
Steel, however, was sold in 1947
to many new customers, including a considerable num¬
ber of small users of steel.
Many months ago U. S. Steel
adopted a policy of removing from its customer lists any
company or individual who to its knowledge wilfully
permitted the diversion of steel/ purportedly purchased
large and some small—received the
1947
in
U.
S.
Steel is cooperating with
violation
the" Goverriment to
^
Steel Prices
entered the postwar period with
unbalanced relationship- between -prices and product
costs as a consequence of the fact that steel prices for
an
held by OPA dictation substantially
levels while wages and other costs greatly
-advanced;
It seems elementary that the price for any
-manufactured product should be sufficient to cover all
costs and permit a fair profit to the manufacturer'.
a
long period were
at prewar
establish an improved relationship
costs, U. S. Steel has announced from
'time to time since the removal of price control new
prices for specific steel products. The most recent price
adjustments, effective February 12 and 13,1948, included
an increase of approximately $5.00 a ton in the prices of
certain semi-finished steel products, which represent a
relatively small part of U. S. Steel's total steel shipments.
Semi-finished steel includes ingots, blooms, billets, slabs,
tube rounds and skelp.
Most of the tonnage covered by
In'
effort vto
an
between prices and
i
i
the
Sherman
Anti-Trust
Act..
On
Research and Technology
carry-
The> steel industry
of
1947, the United States District Court at
Wilmington, Delaware, held that there was no evidence
in the case establishing any violation of law as alleged
by the Department of Justice and dismissed the com¬
plaint. Thereafter; on November 18,1947, the Department
of Justice appealed to the Supreme Court of the United
States, where the appeal is soon to be argued.
legitimate needs, into
black- market.
out 'the voluntary programs authorized under the
Anti-Inflatiori Act for the equitable distribution of steel.
the
November 7,
for the customer's ordinary and
the so-called grey or
of
enjoin this proposed acquisition onw the ground that it
would result in a substantial suppression of competition
production, all being treated
During 1947, U. S, Steel paid four regular dividends of
j$1.75
capacity represents an
since January
per' cent
fourth between January 1, 1940, and
January 1, ,1948.
Because some obsolete facilities were taken out of pro¬
duction following their intensive use
during World War
return of 7,4 per cent
its investment—total assets less liabilities other than
approximately six
result of carrying forward its large construction
and modernization
program, U. S. Steel has added to its
steel productive capacity to the extent of more than a
,
greater production in 1947.
of
a
Steel
;*• The income for the year 1947 is equivalent to a profit
of six cents per dollar of sales, approximately the same
return
increase
Such
February,
diately advance the prices of its steel products to offset
such increased labor cost.
It was hoped that high level*
of operations would enable such increased cost to be
absorbed, but the results ofthe succeeding four month*
definitely indicated the need for prompt correction or
the price-cost relationship.
Not only did U. S, Steel'.*
employment costs-generally increase, but the prices c
•
Shipments of steel products by U. S. Steel in 1947
amounted to 20.2 million tons, only about 800,000 tons,
These
its steelworkers in April, 1947, U, S, Steel did not imme¬
January 1, 1948;
control.
situation.
ments also covered tubular products and certain extras
on structural steel;
covered by deposits with trustees.
Long-term indebted¬
ness has been reduced to one-third of
the amount in-1939
and is now the lowest in U. S. Steel's
production averaging 96.7 per .cent of rated capacity.
Steel production during, 1947 would have.approached
some
CHRONICLE
CORPORATION
this decrease of $80.4 million are
statement of this report.
K
The Second Full Year After V-J Day
-
FINANCIAL
ADVERTISEMENT
STATES
A Review of the Year
\
&
long-range research and development activities
were
continued in order to meet and anticipate: the
increasing demand of customers for high quality steel
products. These activities ranged from the acceleration
; of studies on better methods of beneficiating raw mate*
rials, (ore and coal) through blast furnace, steel making
and finishing operations to new or improved processes,
products; and techniques, many of which are still in the
laboratory- stage of development.
In 1947,
-
Notable among'
these long-range activities was the
bringing into operation of new laboratory and pilot plant
facilities for the intensive study of problems relating to
improvement and concentration of lower grade iron
of the Mesabi range. Studies of coal washing and
blending practices to attain more effective removal of
ash and .sulphur and to provide better coal for U. S.
Steel's by-product coke ovens were continued. Likewise,
increased attention was given to problems involved in
the recovery of coal chemicals derived from by-product
-coke ovens. Studies continued on blast furnace practice
with the aim of. obtaining more regular furnace opera•the
ores
THE. COMMERCIAL &
(1360),
4
ItMtTEDt STATES STEEL
bessemer and electric, steel making prac¬
under continued:-study, with emphasis on
speeding up all phases of these operations, from, the
handling and charging of raw materials into the furnaces
to the teeming of the molten steel, into the ingot molds;
This involved such diverse subjects as improvements in
refractories and in furnace repair practices, improved
methods of temperature measurement, use of oxygen
as an aid to combustion and as a means for bringing the
molten steel more quickly to the-desired carbon content,
and many other related; problems.
were
effort
was
Coal* Miners' Contract /
Prior to the termination on June 30,
Open hearth,
In the hot
CORPORATION (Annual Report Continued}
n
future utilization, of
increased output for, better
ore reserves.
tices
ADVERTISEMENT
advertisement
ADVERTISEMENT
tion andt
FINANGXAL CHKONlCIJE"
rolling and finishing
departments, additional
directed to improvements in
instrumentation
•.to work/
1947, of the Gov-,
vacation
many
possession of>
Although the Government relinquished
miners insisted upon a
izing steel. in. the form of wide strip has progressed
beyond: the experimental stage and is now in large scale
operation.
*
turn to work on July 8, and,
•
science
as
it
pertains, to U; S, Steel's products.
r.
Labor-Management Relations
;
U. S. Steel's production
record in 1947 is one of which
both management and employes may well be proud.
It
evidences a truly cooperative relationship.
Steel ton¬
nage lost 6s a result ofT work interruptions was approxi¬
mately 283,000 tons, compared with more than 6 million
tons of steel production lost by U. S. Steel, through
strikes and work stoppages in 1946.
Manhours lost
through labor difficulties, chiefly from work stoppages
occurring in operations other than steel making, totaled
6 million, in 19417, compared with, 60 million manhours so
lost in 1946, when steel; coal and other strikes paralyzed
steel making for prolonged periods.
couhtry back into operation promptly,
insure maximum industrial, production to meet- the
"
The new contract provided for an eight-hour day
(portal-to-portal) for the majority of the employes at
the same pay as received for the prior, nine-hour day
(portal-to-portal), plus a wage increase of fifteen cents
an. hour. In. general,, overtime pay at time/and..one-half
for hours in excess of eight hours a/day; or! forty hour^
in any week/was^ provided for
im.the/cpribrah^The, rifcw.
contract called for the continuance; of a welfare- fund
-
(the original welfare fund having, been created by the
so-called Krug-Lewis Agreement between; the Govern¬
ment and the Union), but increased the cbal operators*
payments into the fund from 5 cents to 16 cents for. each
ton of coal produced for use or for sale. The fund created
—United; Mine Workers of America Welfare and- Retire¬
ment Fund—is to be a trust and administered by one
representative of the operators, one representative of the
Union
.
and
a
neutral
trustee.
contract
The
in
remains
June'30,. 1948, with the right on.the part,of
either party to terminate the agreement on any . earlier
date, by giving the required notice.
effect until
Steelworkers of America (CIO) were to have terminated
.
February 15; 1947, .They were extended; by mutual
agreement until April 30, 1947, in order to provide time
lor clarification of the problem represented- by "portal^"
to-portal" pay demands/ New labor contracts were entered into on April 22, 1947, between these subsidiaries
and the Union.
:
/
^■
'
,.
.
Employment and Employe Earnings.
■■■
.
1
Reflecting the .high level of operations which prevailed
throughout the.year, the average number of U. §. Steel
employes for 1947 was 286,316 — an increase of 19,481
over 1946. With the. exception of the recent war years,
when shipbuilding was a major activity, the numberof
jobs provided by U. S. Steel during 1947 was the greatest
in its history.
'
¥
-
_
legislation relating to ''portal-to-portal" claims waf
subsequently enacted* Thereafter, a number of pending
^'portal-to-portal" suits were dismissed. <. Appeals have
of these suits,
some
/
:
,
j
,
Although the number of
The steel subsidiaries also indicated a willingness to
participate in the establishment of a new plan involving
life, accident, health, medical and hospital insurance,
provided an agreeemnt could be reached with the Union
plan and
on methods for its
The coverage and content
plan, its effect on the present Employes'
financing and administration.
of such
a
new
Group Life Insurance Plan, and Other pertinent considv
erations continue to be the subject Of a
joint study by
qualified personnel from the subsidiaries and the Union.
These labor contracts remain: in effect until
April 30,
They provide, however, that either party may on
April % 1948, give written! notice of its desire to negotiate
a general and, uniform
change in rates of pay.
On Feb¬
1949.
.
ruary,
18,1948, the International; Policy Committee of the
Steelworkers of America (CIO)- announced its
serve such* a notice
upon the steel industry
United
intention to
for
1
diminished
The total payroll of U. S, Steel for 1947 (wages and
salaries) amounted to $890.1 million, and the manhours
worked totaled 574.4. million.
Under
contract
discussion of problems inter¬
fering/with the attainment of the joint objectives of the
parties.
A
■
.
and transferred to authorized union officers,
*
f
,
.
^
insured under, this plan for $827,854,500.
were
Z
•
/ Giving the Facts About U. S. Steel;
,
Sunday nights, which has steadily gained, in
won. many awards for the high, quality,
of its production. It is estimated that about- thirteen, mil¬
lion people listen regularly to this, weekly broadcast and
in this way obtain a better understanding of U. S. Steel
gram
on.
and the conduct of its activities.
As
a
further
J
.
acquainting thi public with its
of
means
affairs, U. S. Steel recently inaugurated The U. S. Steel
Quarterly — a publication designed: primarily to furnish •
prompt news and facts about the! Corporation to, stock-,
holders and others interested,
*
1
./'//■;
,
\
«
„
'•
,
'/
■
:. / •
' '
* "
Peace and. Production
^
'■ J''., ■ ' '
■:'.,V
;
'
5
1
"
A sincere effort has been made since the end of World
War II, by both public and private loaders in the United
States, to bring about
basis for enduring world peace/
a
The turmoil and confusion which still exist
on
the inter¬
indicate that much still must: be accom¬
plished before, such a lasting peace can-be assured.
scene
In 1939, before America had become embroiled in the'
world: conflict, U. S. Steel stated' that war provides only
fleeting prosperity and results in
of
the
We
economy.
have
a. disruptive shifting
since
witnessed
the"
.
losses from- war, iu lives, in natural resources
consumed and in the destruction- of '
capital. Other con¬
enormous
sequences may
not. bo- evidenced* fully: for years, to. come.
It is imperative that each Of us
in this cpuntry
to do his utmost to counteract,
continue
forces working against
any
peace. To this end U. S.
of its stockholders, its
Steel, confident: of the support
employes arid the public, looks
forward to
a
maximum production of goods and
serviced
during 1948 with which to meet the peacetime needs for®
steel products.
;
.
.
Chairman, Board, of Directors
March 3, 1948
Real Costs
The extent, of real costs
may be
periods of rapidly, rising
■"Failure
to
establish
of
record
may
seriously obscured, in
falling
or
and
wages and: prices*
the real,,costs in? such
ultimately destroy the ability
business to continue its job of
.profitably
products and services for exchange. The
a
1947
Increased
other
provide job opportunities limited pnlyrby the capabilities
of the individual and benefit not only the, individual
but the employer and, the community.
U.
r
,
S.
such
marked
Wage, Costs—In
increases in wages
\
\
1947,, wages, salaries and
employment expenses* accounted for 45
per cent
Steel's total costs. Since
1940, there has been
continual
S.
producing
period of 1940-
of
one
and prices.
U.
.
has been
Steel
-increase
in
increase
s
the
employes
until^in
1047^—th6
December
per cent,.; as
f
a
hourly/ earnings/ of
average
oyer 1940 was 80;
following table:
o|
shown in the
^
,,
With more
employes working more hours in 1947 than
accident prevention continued -tobe- a. vital
problem. The record of safety achieved is. an indication
-Increases Over 1940,
1946,
of how much stress U, S. Steel has laid
its. program
of "Safety. First." The frequency rate of lost time acci¬
dents per million manhours worked in 1947 was about 33
5 War Years
Av«ttage Hourly Earnings:
on
percent less than in 1946. In the steel producing? opera¬
tions there were less than four lost time accidents for
million manhours worked. That record' is proof
*
29>/ :
*1946
•
*
<1947^
59%*
r
-
December 1947
'
73%- •
Increased Cost of Products
and* Services
.
.
lo
xUCJs,
-
80ft / '
Bougktrrin
'
pi 0
a? ~ services . bought^accounted
42 per cent of U. S.
Steel's total- costs. Since
for
by far. the
part of the total? cost of all
.products^ and: services
the nation is for
wages and
salaries, the. advance from
major
m
T
/-. f
/"
;..V "■
■fisy-
prestige and has
•tive ability, but help themselves: advance to better jobs
at better pay. These educational- and training projects
every
..
.
Guild
periods weakens and
which are1 available at all levels of emr
ployment, the employes not only increase their produc,-
in
/
a
For the third: year, U. S. Steel sponsored The Theatre
on the Air broadcast, an hour-long; dramatic pro-;
:
these programs,
-
'
producer of about/one-third of the nation's supply//
Of steel, U. S. Steel recognizes the continuing interest
in its affairs of customers, employes, stockholders* and
others. U. S. Steel desires to make public < the pertinent
facts .about its.affairs and its part in the American system
of competitive free private enterprise.
y
As
.
.
Employe training programs play an important part in
the'. operations of all U. Sv Steel subsidiaries. Through
,
day's work in
return for a fair day's
pay.
Equitable wage scales have
been established; assuring, the fair
day's pay
It is ex¬
pected that continuing study by the
joint? committee Will
result in assurance to the
employer of a fair day's work.
,
Employe Training and Safety - /
joint Management-Union committee created under
the prior labor contract for the
elimination of wage rate
inequities, substantially has concluded the wage classifi¬
cation phase of its
program and now concerns itself with
procedures to give effect to the
agreed upon, principle
that the employer is entitled to
a fair
$9,120,£97
fits-of $5,350,000 in 1947 under the Employesl.Group Life
Insurance Plan. At the end of the year 230,813 employes
checkoff
provisions, deductions of
more than: $3.6 million for union
dues, fees and assessr
ments were made from the wages of, employes in 1947
-
all levels in both the subsidiaries and the
Union
a
.$10,402,279
1,633 employes; received/ death, bene¬
r
.Recognizing that friendly, cooperative relationships at
,
7,105,941
$59.64, an increase of $9.73 over 1946. Compared with
*1940, average hourly and average weekly earnings of all
employes for the full, year 19.47 were greater by 73 per
cent and 81 per cent*, respectively.
/
■
•
.
depend
largely on attitudes rather than contract language, pro¬
vision was made in the new contracts for
quarterly meet¬
ings between Union and Company officials,
It is hoped
thus to have a regular appraisal of the
functioning of
-
7,174,442
Average hourly earnings for all employes were $1.55,
while the average weekly earnings for the year were
April 30, 1948, the contracts by their terms remain in
full force and effect until4 April
30, 1949.
the labor, contracts and
women
since the. wartime
//• Average hourly and average weekly earnings of all
wage and salaried employes of U. S. Steel in 1947 wer6
the highest in its history — directly
reflecting the gen¬
eral wage and. salary increases granted early in the year.
a "substantial
wage increase."
Should the Union and
the subsidiaries fail to agree on a
wage adjustment-by
.
disabled
employed by U. S;
peak, six per
cent of the total employes,in 1947/were women.' Besides
the many office functions performed by women, valuable and loyal service' is rendered by hundreds of women
in manufacturing, transportation and research" operations.
Steel has
1
$2,014,956
•
..
Beneficiaries of
1946
$3,227,837
,
.
1947
;
.
Contributory
Under
,
of-these former servicemen.1 Comprehensive
training and re-orjentgfion programs have enabled many
of these disabled veterans to acquire advanced skills and
to produce and earn more today than they did/at thfeir
prewar tasks.
4V
>
ment, and three weeks' paid vacation after 25' years of
service.
Salaried employes and: others not covered by
the contracts were granted commensurate
adjustments.;
new
_
.
than '1,750-
rates,, severance pay in relation to service when
employes were deprived; of, employment because of. the
permanent: closing or discontinuance of a plan or departs
the elements of the
.
Veterans wherever- possible, U. S. Steel has hired more
wage
on
.
In continuation of its policy of employing,
;
Under these new contracts, provision was made for a
general wage increase of 12 V2 cents an hour and other
employe benefits.
Among such benefits' were 'certain
adjustments in pay to establish proper differentials in
,
,
.
by Companies
; Part Of, Plan
Non-Contributory Part of
national
:
i/
-
.
Provided
.
on
teen taken in
follows:-
coal mines of the
critical situation at home end abroad.
provided by the employing companies for all
purposes in the years 1947 and' 1946 are as
Sums
The miners, began to re¬
arrested the rapidly increas¬
ing national, industrial paralysis caused.by the diminish-;
ing stocks of coal, for manufacturing and other purposes,
The negotiators for the coal operators believed; that it
was distinctly in the public interest to, get the bituminous
The labor contracts in effect at. the beginning of 1947
between the steel producing subsidiaries and the United
.
Pensions audi Group. Insurance
"
pension
7, effective as of July 1, 1947,
to
operations
Under the U/ S... Steel Pension JPlari,; pensions were
granted/ in 1947 to 1,894 retiring employes. At the end
of the year there were: 15,728 pensions in-force. Payments
to pensioners during the year totaled $8,909;650.
ing to work. Such, a contract. was. negotiated; between
representatives of the bituminous coal industry and the
United Mine Workers of America, It was signed on July
During 1947, U. S. Steel's research and development
metallurgists continued basic studies on the mechanical
propertied of steels, response to heat treatment, prob¬
lems of flow and fracture, welding characteristics, be¬
havior in elevated and low temperature service, and
numerous other branches of fundamental and applied
other
.
the country, on June 30,; 1947., the
hew labor contract before return¬
the soft coal mines, of
and;
,
;
high speed continuous operations.
A hew stretch-reducing process for the production of
small diameter seamless pipe was announced during
19474
A newly developed continuous process for galvan¬
for better control of'
fabricating, cement
public awards for safety.
factoring,
..
\
.
greatly decreased the frequency-and severity ^rate of
accidents, thus earning for U. S: Steel's mining^ manu-'
On June 28, 1947,/themiriers began;
permitted by order of the government's
Coal Mines Administrator; and "stayed qway : from the
mines until July 8, 1947.
The loss in production of coal
by. U. S. Steel due to interruptions in 1947- amounted- t<^
Relations Act 1947.
.
.
,
In June, 1947, production of soft coal
1.7 million tons.
,
.
ploye safety conscious. Use of the best protective; equip¬
ment and improved: safety-, training and; methods have.
stopped,,
coinciding with the enactment of the Labor-Management^
the
,
results^ of the safety campaign, started., by U. S,
Steel almost half : a century ago have made every, em¬
The
ernmentfs- possession > of; the - bituminous, coal mines,
several work stoppages occurred/in U. S. Steel's coal,
mines.
plants are- now-one of, the safest places in which
;..
•'
.
v
4
; *',/
that steel
;
✓
;
Volume l67
Number 4685
"
THE COMMERCIAL
&
CHRONICLE
FINANCIAL
-(1361)
a
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
UNITED STATES STEEL
CORPORATION (Annual Report
1940 to the end of 1947 in general "wage rates has been,
translated.into higher: prices .for the tnings U, S. Steel
must buy. Since 1940, it has been U. S. Steel's experience
that every increase in hourly earnings has been followed
shortly by a; nearly equal percentage increase in the cost*
of products and services it must buy for its operations.;
increases in the cdsts of
If a biisihe^s' is to
purchased by theU. S. Steel are indicated by the fol¬
lowing table:
"
r
'
.
Per
"
Cent
Increases
31"
54
62
30
69
IT.
27
22
1
.
*-
36
'
:
.
—*—
-—2
&
Ore
Copper
•Tin
Oil
Fuel
'
24
—
71
Coke
32
t; '
.
-
58
111;
•
91
construction costs likewise reflect the
■■
Wear r and exhaustion.
The use
cost purposes gained recognition
wage-v
price spiral.- Merely to replace the tools of production
(machinery,*plants and mines) as they wear out requires,,
at present prices,; an annual expenditure very much
greater than the depreciation recovered on the basis of
their original
;
1!
;
,
■
...
.
\
Standard Electric Crane
Reheating Furnace
.
•
Blast
Furnace
'
108
.
__
Mine Locomotive 11_1—
Large Electric Motor
1——
-
Continuoiis Rolling Mill
;
:
Cohstruction
Brick
The
of
cost
.
____-__________
....
.
*,
•
index
numbers
insufficient
of real costs
early in 1947 in
NOTES
Tax.
a
As
less,
with
.
prudent for it to give
4
/
:
:
-
•
whether
determines
V
the
products and services
adding to
production
in the end
and
(
-V;
'
■
,
\
5 War Years
. v
:■
*.
Construction-^,
«
18%
43%
.
Employment costs.
f
X
Wages and
Payments
*
.
•
'• '
>
'
-
'
,
'I
•
.
,fc
'
*
-
872,498,549
20,663,936
679,353,429
10,402,279
9,120,897
pensions
15,986,855
on
to
original
589,606,301
:
87,745,483
68,739,174
cost-
26.300,006
Facilities
of
cost—.
replacement
cover
704,461,181
841,913(356
Bought_^lL_I
Services
.
.
.
114,045,483
********
68,739,174
War* Costs Included Herein Provided for
*
;
r •.
Other
.
Taxes
4,777,135
45,197,381
37,070,774
91,000,000
32,000,009
.1,407,441,851
1
Total "
;
Inventories—An
accepted
procedure
■VTnceme :
Dividends
v
.
i
v
I,
v
$4
Reinvested
7—
Business—*—-*-
in
-
;
j
-
-
Long-Term Inventories—Believing that the same principle, of recording ; the cost of short-term inventories con1*
sumed is. applicable to recording the cost of long-term
inventories consumed (wear, and exhaustion of ma-
chinery,:plants and mines), U. S. Steel in. 1947 increased
its provision for weajj and exhaustion from $87.7 million
based on original, coat to, $114.9 million, or by. 30 per
cent. .This >was a step -toward stating wear and exhaustion in an amount which will recover in current dollars
of diminished buying power the same purchasing power
as toe original expenditure.
,
•
the
operations
realizable
Assets
•;
'•*.
<
;
,
.
•
Cash 1 L—
'*;
Reserve
:
'
'
Dec.
31,1947
31, 1946
$223,960,071
—————
$222,048,651
less
or*
;
303,011,034
148,785.726
marketii*—v_i—
estimated bad
debts*.
*—LX—
'^■"Inventories"
311,319,423
289,236,644
283,395,546
984,993,485
lower xrf :cost
Receivables,
and
954,639,288
137,875,666
'
^Toial.
;••"•*,*-•i>
Less
'.
* •;,
,
'''
..
.
185,730,493
212,205,853.
——_*i——
181,231,868
*. -y• J 'Accrued*■''taxes ;-i—-r-———_
IT,183,985
A Dividends; payable v-------------j V;
Lopg-term debt .due within, one year ,y .5,723,681
■
'
Accounts ; payable
118,497,240
15,008,171
•
•
6,324,446
,
548,648,098
Working, Capital
Investments; "less estimated
lossesi—-
629,078,938
.
Miscellaneous
,
.
*
155,000,000
*26,000,000
1
Fpr.^ropeirty• additions and replacements
expenditures "arising out of war—
Equipment, less depreciation—,
^Operating .,Parts ' and' ShpplleSJ--—
For
;
ptant -and
Applicable to Future
Jntang)bleS '
Total
>y
140,000,000
*
28,000,000
826,873,347
23,350,419
940,486/342
.
'Costs
Less. Current
Assets
Periods____—
'-—4—
.
Liabilities*—
39,604,436
14,994,321
■:
J : 1
,
6,138,651
1,746,267,520
1,677,957,057
77,229,313
81,197,155
Deduct
r
«
Long-Term
Reserves
Debt—*
*
v>i(.
,25.420^07
.-out of-WAX-
replacement of. properties*—— •
For insurance, contingencies and miscellaneous. expenses
-Excess
/
——
additional costs arising
For
.
of
' Reserves •"'
the
plaint
which
have
been
States
United
of
Internal
date of or¬
Corporation In 1901, plus actual cost of additions
- for
the cost of properties sold,
retired or
of
future
periods,
and
does not
purport
Estimated
to
be
either
'
replacement value.
CostsArising
Additional
Out
of
War.
Of
offsetting
credit
included
are
in
the
consolidated.
statement
.
Reserve.
The
subsidiary
companies are, for the most
part, self-insurers of their assets against fire, windstorm, marine and
related losses. The balance of the insurance reserve is held available
for
absorbing possible losses
adequate for this purpose.
of
.
this
-
character,
»
and
considered
is
*
■ *
•
►
•
—
•
Wages and Salaries, Wages and salaries for 1947 totaled $890,112,230.
Of this amount, $872,496,549 was included in costs of products and
services sold and the balance was charged to construction and other
accounts.
Products
to
and
sales
or
Services Bought, Included in products and servlcca
changes during the year in inventories and deferred
changes are not considered to be significant in relation
the
are
Such
total
costs.
Facilities. Wear and exhaustion of facilities
$87,745,483 based- on original cost of such
added to cover replacement cost. The added
amount is 36 per cent, of provisions based on original cost,- and la
a
step toward stating wear and, exhaustion In an amount which
will recover in current dollars of diminished buying power the same
purchasing power as the original expenditure. Because it Is necessary
to recover * the purchasing power of sums originally»invested in tools
so
that they may be replaced as they wear, out, this added amount
is carried as a reserve for replacement of properties.
The 30 per cent
was
determined partly through experienced cost increases and partly
through ; study .ofc construction cost * Index numbers.
Although It ia
materially less than the experienced cost Increase In replacing word
out facilities, it was deemed appropriate in view of the newness of
the application of this principle to the costing of wear and exhaustion.
of
$114,045,483
includes
fftcilties and $26,309,000
of
we
have
United
of
United
States
REPORT
'
'
*
M
Steel Corporation;
United States
elected at the annual
Corporation held
auditors
independent
holders
AUDITORS'
INDEPENDENT
Stockholders
the
Steel
meeting of stock¬
on May 5,
1947^
the consolidated statement of financial position,
Steel Corporation and subsidiaries as at December
examined
States
31, 1947, and the consolidated statement of income for the year 1947.
Our examination
was
made in accordance with generally accepted
auditing standards and Included such testa of the accounting..recort!s
and other
supporting evidence and such other procedures as we
considered
necessary
in
circumstances.
the
extended the application of the last-in, first-out
method-oP inventory valuation which it adopted in 1941-42 to certain
other subsidiaries end -to other inventory items as at January i; 1947.
As
a
result
of this extension
of such principle, inventories as at
December 3-1,
1947, affected thereby are approximately $10,000,000
less, and income'for the ^ear 1947 is $6,000,000 less/than they tfpulA
have, been under the average-cost method previously followed
witk
respect to these particular inventories.
corporation
*,
.
the year 1947, in partial recognition of the increased
replacement cost of long-term facilities which are being worn -out o?
exhausted in production," the corporation has included in costs addi¬
tional, depreciation, of $26,300,000
(as indicated in the notes , to the
accounts) in excess of the amount determined in accordance with the
generally accepted accounting, principle heretofore followed, of making
provision-for depreciation on, the original cost of facilities.
•
During
opinion, except as set forth in the preceding paragraph,
-the accompanying consolidated statement of
financial position and
related statement of income, together with the notes thereto, present
;
In
our
Yairly
ihe position of United States Steel Corporation and Its* sub¬
and the results of the year's operations
sidiaries at December 31, 1947,
conformity with, generally accepted accounting'principles. Except
as indicated, in the two preceding paragraphs, the accounting principles
'were applied during the year on a basis consistent with that of tb»
jn
preceding
New
year.
i;
York, March-2,
•
;
PRICE, WATERHOUSE & CO.
1948.
.
,
-
•
^
-
For estimated
r
at
accounts
of
^
.States;Government Securities. Set
\Aside, at cost,
,
24,515,701
21,534,322
.
v-
United
findings
v
325,560,350
.416,345,387
"
values
gross
consolidated
the
credits
or
for
Insurance
The
'X;1'./Current Liabilities,
The
the
upon
pf income.
of
Dec.
securities, at
United States Government
based
the reserve for estimated' additional costs arising out of war/provided
during the war years, $2,540,618 was used in 1947 to cover the higher
costs of replacing Inventories depleted during the war.
This charge
As
Current
and
less
$28,580,790
.
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
inventory valuation and seeming profit.
-
34,813,008
$56,186,398
.
C'
1940
and
of
since/ and
,
for
-prices currently incurred, by U, S. Steel to reproduce
; what is sold are recorded as cost and not as, increased
25,219,677
45,692,073
($5.25 per share 1947,
1946)*
share
per
in
owrried
are*
of
ganization
To
.
'Steel's inventories, .for the most part, are priced iri
"dollars. ..By this change in method, rising wages
; 88,622,475
stock
25,219.677
stock
common
Income
determining the- cost of Short-term inventories is the
last-in, first-out method.
This method recognizes fluc¬
tuations in the purchasing power of the dollar by reflect¬
ing current costs of employment and purchases—what¬
ever the price change—in the cost of products currently
sold.
It is the most acceptable method yet developed
of recording in costs purchasing power equivalent: to that
originally expended.
It became a generally accepted
accounting^ practice,, legislatively recognized for tax pur¬
poses,-.many, years after the heavy inventory losses ex¬
perienced following World War I—a previous period of
marked price changes*
-;:•
:
...
S. Steel in 1941 .substituted the last-in, first-out
method of*determining the cost of its major classifica¬
tions of inventories for the average cost method previ¬
ously, used .when prices were relatively stable.
In 1942
and, 1947, as it became practicable to do so, this method
-was extended- to certain other inventories.
Thus U. S.
127,098,148
'
preferred
(4f~'P&K
On
.
/
Declared
cumulative
On
Equipment Valuation.
from
Wear and Exhaustion of
Income**
; on
,
1,586,363
: 2.507,729
1,995,688,095
Estimated/ Federal
.
27,626,351
.
\
Short-Term
and
equipment
costs.
2,540,618
;
Interest; and Other Costs on Long>, Term.Debt.
State, LoctiJ and Miscellaneous Taxes*.
.
.
.
t
previously set aside for property additions and replacements.
31, 1947, additional expenditures planned for property
and replacements amounted to approximately $350 million.
bought
■/ ;
costs1
war
.
Corporations, and, accepted by the Bureau
Revenue -of the Treasury Department, as at the Initial
^
in Prior Years, less associated Fed¬
eral income tax adjustments v
■
Strike;'costs -iJ— —.*-
■-
December 31, 1947, U. S; Steel
had to add $77 million to the amounts estimated initially.
The amount beeessary to complete all authorizations for
additions to and replacements of facilities, including the
$77 million, was $350 million at December 31, 1947; -,
*
>
i-*!-
Exhaustion
Based,
79%
of facilities under way at
''
for
,
'.-.I $2,122,786,243 $1,496,064,326
'
;
■
salaries
and
and
Added
Construction costs continue to advance. Because of the
upward trend of such costs, it is necessary continuously
to revise upward the amounts initially estimated to com¬
plete projects uftder Way." Thus merely to meet the. in¬
crease ih construction costs since original authorizations
"
,
December
Ptant
a
1946
'-■■•;
•
under
Items for the years 1935 through 1940 have not been finally
upon with the taxing authorities.
It is believed that reason¬
provision has been made for any additional taxes which may
Bureau
of
903^62,764
t
Recording. These Increases — These rising wages and
..prices mean that sums greater than originally expended
must be spent currently to replace short-term inven¬
tories
(stocks of goods) and long-term inventories
(machinery, plants* and mines) • used up in production*.
:Such additional amounts for replacement, required to be
-spent if production is to bie sustained, must be recorded
;as a cost of doing business if overstatement of profits and
.dissipation of capital are to be avoided.
;
.
Social Security taxes___^__
;
'
Weal*
.68%
"■
r
■
at
as
million
$10
otherwise. .The depreciated amount shown in the con¬
solidated statement
of
financial
position for plant and equipment
represents that portion of the gross values whiclL is a cost applicable
.
Products and Services Sold______
-Costs
1947. December 1947
1946
been
levied.
and-
»
.
.
inventories
approximately
disposed'of
CONSOLIDATED STATEMENT OP INCOME
■■
:
V
[..1947
;
principle,
are
on
Income. Audit of Federal income and excess
profits tax returns for 1941 ahd subsequent years has hot been com-,
pleted by the Bureau of Internal Revenue, and certain relatively,
to
r
such
of
thereby,
year 1947 is $6 million less,
than they,
the average cost method previously followed
additions
It is toe
exchange
extension
affected
ior-the
Federal' Taxes'
On
Knowing costs
thing.
this
1947
Set Aside for Property Additions and Replacements. Xo
1947, $15 million of United States Government securities was segregoted from current assets and was added to the balance of $14p
to walk in step with
are
the depreciation of the dollar.
Increases Over 1940
.
have
million
not the same
are.
ACCOUNTS
Securities
,
not the end of the story.
are
TO
agreed
to supply the tools required for
resources
covering costs
Products
r'1
.1 $1,510,760,179 $1,454,573,781
respect to these particular inventories.
small
some
of
31,
and-income
would
■
was
result
a
December
balancing of real costs with competitive prices that
,
..
plants: and facilities continues to increase. For exaranle,
new cold reduced sheet* mill, authorized late in 1945
at an expenditure of $25,250,000: to expand capacity, is
currently; estimated to have a final cost of $43,220,000;
or 71 per cent more than planned. Again; additional tin
'plate capacity, authorized late in .1945 at an expenditure
iof $13,250,000, is; currently estimated to have a final cost
of $19,542,000, or. 47 per cent more than planned. -The
increase, since 1040 in construction posts, as measured
rby-the- Engineering News^Record index shown in the
accompanying;chart, has been as follows:
V
.
459,383,536
Inventories. Beginning in 1941 and 1942, the last-In, first-out method
determining costs was applied to major classifications of Inventories
of steel producing subsidiaries.
This method was extended to certain
other subsidiaries-and to. other
inventory items as at January l, 1947.
,a
,
v
.
1947):
——
determined
.
in
of
Cost-Pricer Balance—The discovery and measurement
( .
and
.
38.351,643
'
in
(addition, of
.
for
,
sustained production.
;;;\
250
existing tools; and
replacing
of
be
-
.
44
50
84
124
Concrete Construction
;
treasury stock
Total
able
.
150
less
reinvested
$56,186,398
recognition to these increased replacement costs rather
,
in
',*:;**:-,:l__i*.:_*_—*_'.-.V/' 105
By-Product Coke Ovens 1-
•
of
excess
amount;
business
than to sit idly by and witness the unwitting liquidation
of Its,business should inadequate recording of costs result
i
105
**_
/
While- awaiting accounting and tax
acceptance, U. S.
pteeb believed that it
Per Cent Increase
;:v,'1947 Over 1940
Drawing Machine
;
" 91
Wire
/
tories.
.
—
In
cost of
though this case deals only with costing short-term in¬
ventories, the principles set forth are just as applicable
to costing the wCar and exhaustion of
long-term inven¬
ally identical facilities acquired by U. S. Steel in- 1940
and 1947, gives specific indication of how such costs have
....
$360,281,100
1,094,292,681
$652,743,900
;
—*
stated"
Court decision in Hutzler Brothers Company, Petitioner
y. Commissioner of Internal Revenue, Respondent.
Al¬
cost.^The following- table, based on virtu¬
increased*
$360,281,100
1,150,479,079
the
»>
-
Increased Cost of Replacing and Adding Facilities—-•
Current
share
^
Capital
.
partly through study of construction
Although it is materially less than
experiericed cost increase in replacing worn-out
facilities; it was deemed appropriate in view of the new¬
ness of the application of this
principle to the costing of
-
93 -
Dec. 31,19d6
.
cost index numbers.
llO
75'
POSITION—(Concl.)
cost increases and
"
28
i.;
1
■
9&
*
89
'
,ir—-
Scrap,
:\
*
.
y The 30 per cent increase iri the provision for wear and1
exhaustion was determined partly through experienced
December 1947
'
Zinc
FINANCIAL
OF
Dec. 31,1947
Income
1947
STATEMENT
.ownership Evidenced By *
Preferred
stock, 7%
cumulative, par
value $100 (3,602,811 shares).
Common stock (8,703^252 shares)—
Stated capital, $75 per
1940
Over
1946
5 War Years
CONSOLIDATED
continue, it is necessary to recover
purchasing vpower of sums originally invested in
tools so that they may be replaced as they wear but.
Therefore, this added amount is carried as a reserve for
replacement of properties.
It is a simple truth that to
buy similar tools of production takes many more dollars
today than formerly; to count as profits; rather than as
tost, the added sums required merely to sustain produc-,
tion is to retreat from reality into
self-deception;
the
few of, the important items
a
Concluded)
;
•
.
27,961,425
26,300,000
foregoing has been prepared and is distributed solely for the
of furnishing financial and statistical information. It Is wot
representation, prospectus, communication or circular in connection
,with) any present or "future sale or 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 approxU
"mate, "V. S. Steel", refers to the parent corporation, its subsidiaries>
•or both', as required
by the context.
>
The
.purpose
a
106,557,221
114,224,690
Assets/Over, Liabilities and
$1,510,700,179 $1,454,573,781
: 12-I-i-iu
1——1
stock
common
surplus
Corporation and
General
Svsteins
has
corporation
The
20
(including Columbia
companies
subsidiary
bridge
$5,500,000
Of
issue
,
"'
chase
1,000
of
will be applied toward pur¬
cars, 500 50-ton all-steel
hopper
all-steel
70-ton
* •
j
Proceeds from sale of the proposed issue
•
equipment trust certi-
1948 series) of serial
(third
liCftt6B
gondola cars, 200 50-ton all-steel boxcars and two 1,000 horsepower
switching locomotives. Aggregate cost of the equipment is estimated
$6,969,320.
Proposed certificates will be dated April
15, 1948, and mature
serially in equal annual installments from April 15, 1949 to April 15,
1958, both inclusive, and will be guaranteed as to principal and divi¬
dends by the company.—V. 167, p. 1255.
at
Power Co.
Fuel &
Light,
Cheyenne
The loan
March 23.
in the form of 3Y4% bonds
was
due
$1,275,000 was purchased by The Mu¬
tual Life and the remainder by the Denver Insurance
company.
$775,000
bank loans and provide about
for construction work.—V. 82, p. 1381.
ICC
and
on
16 authorized'the company-to
March
Trusts
of Chicago,
as
connection
With the procurement of certain equipment.—V. 167, p. 1148.
trust
Childs Co., N. Y.—To Consummate
Blair
;
1,250,000
1,250,000
Baker, Weeks & Harden
directed
has
reorganized
the
naming
Redpath
&
Burr
E.
R. L.
the sale.
They were:
Morgan
Stuart & Co. Inc., 99.6699.
Debentures
E.
dated
April
Stanley
Co.,
&
100.1499;
LISTING—Corporation
Illinois
application
Exchange.
CAPITALIZATION
GIVING
EFFECT
serial
1948
to
debentures,
1956
Sept.
due
3y8%
debentures due
I971-r-.-
3y»%
debentures due
1973—.
*
77,500,000
,
45,000,000
dqmmon stock (no par)
&
Kidder
M.
The
—
—
Interest
R.
C.
Co—_
200,000
& Co.—
200,000
Schmidt, Poole & Co.—_
Scott & Stringfellow—
200,000
Stix
200,000
Baker,
Ball,
Watts
Burge
—V.
167,
p.
Tyson
Dabney
L—
Columbia
Gas
System
during
and,
1948
the
to
extent
storage,
for
Yarnall
Co.
Co
&
Corp.,
"•"/
March
on
filed
15
for
the
week
•.
notification with the
be offered at $20 each.
of
indebtedness.—V. 167,
'
Corp.—Weekly Output—
ended
March
company
businesses
lor
40
years
or
more.
In completing its program of compliance with the Public
Holding Company Act, the corporation consummated a numb£r of important transactions affecting its business and its financial
Structure, including the following:
1946,
Utility
Corporation
disposed of all
(except the
of minor
bompany
of
corporation's
Importance)
the
securities
investment
and
all
in
of
of
subsidiary com¬
Bridge
the
Gas
other
Co.,
a
investments
^hich the SEC required to dispose.
Among
the most
important
subsidiaries disposed of were the combined gas and electric companies
serving the Cincinnati and Dayton areas.
As a result of this action
the corporation ceased to have any subsidiaries engaged in electric
March
year,
24
announced
that System
output of elec¬
21,
kwh.
Local
(b)
With
the
proceeds
these
of
sales
of
securities
of
subsidiaries
of other investments and the proceeds of new issues of deben¬
aggregating $97,500,000 sold in September 1946, the corpor%tion retired all its outstanding securities senior to its common
tures,
stock.
The
corporation
thus
became
a
company
with
a
single
out-
an
with
194,000,000
kwh.
of 4.3%.7-V.
increase
for
the
167, p.
corresponding
1256.
week
of
(c)
ing
<i)
The
corporation
reorganization,
took
begun
common stock.
the final steps to
in
the
1938,
which
had
complete
among
an
account¬
their results
restatement of the corporation's investments in its subsidiary
companies
at
their
underlying
book
net
worth,
(ii)
the
transfer
$110,068,866 from the corporation's51 capital surplus to its com¬
mon
stock account, so that the stated value of the corporation's
of
Lerner
also
■
The
the
of
names
has
each
purchased
The
Mutual
Life
The Mutual
The
insurance
are
years.-
Offering—A secondary offernig of 15,853
shares of common stock (par $1) was made March 23
by Shields & Co. and Daniel F. Rice & Co., at $11.75
a
share.
Discount to dealers, 60 cents a share.
The
issue was oversubscribed.—V.
167, p. 1148.
Insurance
Can
Sales for
1947
were
at
Co., Inc.—Annual Report—Hans A.
March 8 said in part:
on
an
all-time high for the company, amounting
to $266,431,629 compared with
with
aiter
payment of
$212,924,315 in 1946.
including provision for income
all expenses
*VA*°;009' were $12,809,543
or 4.8%
$6,162,944 of profit in 1946, after
payment of
preferred dividends and provision for
income
taxes,
the
and
——
j i*.
••• •
•
amounts
The
which
—
—
Co..
America..
of
$8,000,000
2,000,000
1,500,000
1,000,000
500,000
500,000
—
Co,—.
...
Co.
:
—_.u_—^
...
500,000
—
Common Stock Offered at $50 per
Share—■
is selling directly end solely through its directors and,
receive no commissions or other remuneration therefor,,
of common stock (par $50).
The stock is offered as
company
who
shares
speculation..
a
COMPANY &
BUSINESS—Company was organized in Alabama Match
Company was organized primarily to carry out the enter¬
and operating a mill for the manufacture of news¬
print from southern pine.
The founding and
organization of the
enterprise is due mainly to efforts of members of the Southern News¬
paper
Publishers Association and members of a group of Alabama18,
1946.
of building
citizens
known
Committee,"
since 1931,
and
the
as
The
Committee
"Talladega County War Plants Conversion
Newspaper Publishers Association has,
Southern
maintained
of
the
committee
that
as the "NewsprintPublishers Association"
standing committee known
a
has,
Southern
over
a
Newspaper
period of several
made
years
investf-1
gations of various sites in the Southeast and made efforts to organize
and
further
War
Plants
formed
establishment
Conversion
during World
for
use
the
the
war
of
such
mill.
a
The
Talladega
County
Committee
was
a
group of Alabama citizens
II, for the purpose of finding a peacetime
then being operated by the United States in
War
plants
Talladega
County, Ala.
This committee raised lunds to provide for
engineering studies and other efforts to this end and came to the
conclusion
that
certain
plant
then
manufacturing
war
Childersburg,
ment
of
a
Ala.,
Shortly
manufacture
of
the
members
these
after
acquire part of
to
its
the
a
mill
Ordnance
at
facilities
of
newsprint
Alabama
the
the
Ordnance
the
facilities;
to
the
and other
Works, a
pulpwood
combined their
groups
Ordnance
Works
site.
negotiations to
Works plant.
began
company
made
not
two
Alabama
was
Works
Assets Administration by
of
the
organization,
1946, an offer
purchase certain of
May
Alabama
Alabama
the
establish
Hi
the
of
smokeless powder and explosives near
utilized in connection with the establish¬
be
for
In
efforts
to
facilities
could
1946
mill
products.
on sales. This compared
provision of $3,600,000 for in¬
taxes, or 2.9%
on
sales. From this it will be noted that the
maxunn of profit on sales showed an
improvement.
Before taxes
the
profit margin in 1947 was 7.7% on sales compared with 4.6% in 1946.
come
After
'•
1
Co. of New York—
Life Insurance
Benefit Life Insurance
Woodmen
*
Continental
companies
follows:
as
Aid Association for Lutherans
Mills
loan
Secondary
Effgerss, President,
Scotia.
"
■
Ohio,
; ...
Columbus,
Co.j
1 '■. '■"'
•
Connecticut Mutual Life Insurance
Modern
maturity of ten
long-term
••
Metropolitan Life Insurance Co
officers,
Stores, Inc.—Private Placement—
a
y
/Amount
278,829
negotiated
\
Car
Steel
Co., Ltd. of Halifax, Nova
:'
prise
has
'
Ralston
of
Victoria Gypsum
1
.
with the
Mutual Life Insurance Co. of New York for $500,000,
effective April 1, 1948, with an option for up to $500,000
additional on or before April 1, 1949.
The loan is to
be
repaid in annual installments, with a maximum
company
& Co.,: investment bankers of Boston,
director, and will serve on the board until
Lerner
director
a
on
:■
Birmingham, Ala.—Bonds
Placed Privately — The company, it was recently an¬
nounced, has placed privately with insurance companies
at par, $14,000,000 4% sinking fund 1st mortgage bonds.
Dated Jan. 1, 1948; due Jan. 1, 1968.
;
4 v
^
last
In order to finance improvements to leasehold properties
and installations of new fixtures and equipment, the
Ixoiks
Standing class of stock, namely
•'
,
for the
corresponding week of 1947,
an
increase of
distribution of electricity amounted to 202,300,000 kwh.,
operations.
8,pd
C.
the
18,' 1948,
(electricity generated and purchased) for the week ended
1948, amounted to 217,200,000 kwh., compared with 203,-
tricity
7.0%.
March
on
tAfter
1946.
and
Pa.—Lerner
Coplay,
Co.,
Mfg.
Cement
Massachusetts Mutual
The
in
and depletion of $52,808,623 in 1947
Coosa River Newsprint Co.,
amounted to
324,335,547 as compared with 297,645,331 for the corresponding week
in 1947, an increase of 26,690,216 or 8.97%.—V.
167, p. 1255.
Consolidated Retail
AND
BUSINESS—Corporation
was
organized
in Dela¬
30, 1926,, for the purpose of effecting a consolidation
or merger of
the systems of Columbia Gas & Electric Co. (W, Va.)
and Ohio Fuel Corp. (Del.),
The corporation's subsidiary companies or the predecessors of such
companies have generally been engaged in the gas utility business
Sept.
for
is
He
weekly kilowatt hour output of electric energy of subsidiaries
corporation adjusted to show general business conditions of
served
206,830,190 183,853,720
Louis
Okla.—Files
V
57,248,620
63,155,620
$1,057,115 in 1947 and $934,076 in 1946.
obsolescence of $313,457 in
1947 and $296,163
1
letter
616,763
of
reserve
Coplay
^
a
••
——
—
Board of Directors—
100,000
Muskogee,
U-Ul* jlj.'**
^
—...————-
Mass., has been elected a
April, 1950.
Finance
' —I
—
(less expenses)
$50,494,472 in 1946.—V. 167, p. 1256.
100,000
will
HISTORY
26,681,570
100,000
&
:
compared
purchased
gas
19,604,773
33,252,425
and
company
this
24,328,425
100,000
for
territory
15,000,000
reserve
100,000
Woodard-Elwood
SEC—
The
of
15,000,000
'
sink. fund, deben.
Total
1255.
Commercial
543.
9,048,137
33,600,000
-♦After
100,000
150,000
__
9,136,046
579,185
100,000
100,000
Harold E. Wood & Co..
140,625
921,149
32,900,000
'
«*'
on>3%
tAfter reserve for depreciation
——
85,750
140,625
744,216
Capital surplus
Earned surplus
&
—
'
——
preferred
100,000
150,000
Kraus—
Boettcher & Co.
Co—.—
5,449,560
84,000
3%
100,000
Wheelock & Cummins,
Inc.
200,000
150,000
& Co
&
&
—
717,850
10,187,219
———■
sink, fund deben., due 1965 (non-current)4'
Pfd. stock (issued 150,000 shs. of no par value)
Common stock ($20 par value)———„——
Prem.
100,000
Co
Townsend,
200,000
Boyce
Wurts, Dulles & Co
Co—,
&
&
Sutro
Schwabacher & Co.—_
&
Co.—
14,738,923
16,605,602
—
debentures
on
RfCSCrVCS
100,000
&
Rand
200,000
Bros.
Northwest
1,338.598
pay¬
stock
Liability for past service annuity premiums—
100,000
Co.
& Co
Miller
777,968
81,982,037
716,450
——
on
Dividends
100,000
Commonwealth & Southern
is
panies
Moran
&
1,760,737
645,570
94,228,097
1,250,026
206,830,190 183,853,720
1947.
30,
liability
Tax
Consolidated Edison Co. of New York, Inc.—Output—
i^pluding the cost of net additional
lipount to approximately $53,500,000.
(a)
W.
Nov.
able
100,000
100,000
Robinson-Humphrey
f connection therewith during the in connection with the For 1948,
years 1946 and 1947.
estimated that
expenditures
program,
related
E.
11,535,349
10,025,000
14,524,689
1,200,000
50,873,560
3,835,782
1,827,527
V"
-
payable & accrued expenses—
sinking fund deben. & prem. thereon
3%
100,000
200,000
&
Monell
000,000
In
Co—
Mullaney, Ross & Co
available, during subsequent years, Columbia Gas System began a
major construction program in 1946 and made sizable expenditures
and
Mason,
1946
$
11,684,839
4,036,748
18,026,185
1,200,000
69,364,974
4,572,224
Accounts
100,000
Kirkpatrick-Pettis
'
,
1947
—
—
LIABILITIES—
100,000
&
Richards & Co.U
300,000
>
in
Total
,
300,000
Corp.
Bruce & Co.—
Minsch,
P.
PURPOSE—The net proceeds will be added to the general funds
of the corporation and will be used in connection with the construction
ware
Kay,
'U";v
$1.86
.
(Including Wholly Owned Subsidiaries)
rT"-
5,690,292
100,000
Co—d.
&
•
CONSOLIDATED BALANCE SHEET DEC. 31
;
sub. co., not wholly owned, at cost—
with mutual insurance companies
tProperty, plant & equipment
Prepaid expenses and deferred assets—^——
100,000
Co., Inc.
300,000
14,975 shares of common stock to
Proceeds will be used for operating expenses and
preference stocks.
of
A.
12,229,874 shs.
30.000,000 shs.
Scott
premium.
deducting proportionate amount of
2,855,050
5,256,172
v $1.96
5,699,283
Deposits
100,000
Johnson, Lane, Space
300,000
,
Clark & Co
The
,
program
Grubbs,
"'v--
ASSETS—'.[■
Cash on hand & at banks...—^
U; S. Government, securities, at cost
——
'Accounts & notes receivable.,
1—-—---Claim for refund of prior years exc. prof, taxes
tlnventories at the lower cost or market——— .
Invests, in & net advances to assoc. companies
Invest,
100,000
Perrin, West & Winslow,
SEC
-'Corporation has authorized 1,125,994 shares ($100 par) preferred
gpd preference stocks,
but none are
outstanding.
Corporation
is
recommending to shareholders that they adopt, at their annual meet¬
ing in April, 1948, an amendment to the certificate of incorporation
which, among other things, will eliminate such authorized preferred and
100,000 ?
100,000
300,000
&
Pacific
deben¬
$18,000,000
77,500,000
45,000,000
190,-000
Marshall—
Foster
250,000
Heller,
Outstanding
$20,000,000
_
100,000
Davenport & Co
250,000
200,000
Fahey,
1,
—
Co..—
Mackubin, Legg & Co...
FINANCING
'Authorized
1Yb%
House &
*•
440,625
562,500
2,860,935
'"'U '•
3,873,571
.
Share——,.—$3.88 ;
■/''
'
— —
300,000
American
With
PRESENT
TO
the
list
to
Co
&
•
562,500
paid
&
f
100,000
>
divs.
U'U
Cunningham & Co.,
Thomas
due
1948;
make
tures on the New York Stock
Co...*
& Co.—
Swiss
Curtiss,
300,000
& Co., Inc.
Newton & Co
M.
Riter
300,000
Stein
1,
will
-- •
Day & Co-
R. S. Dickson
April 1, 1973.
Redeemable
at
1Q4.95 to April 1, 1^49 and thereafter at prices decreasing
to
1Q0 on or after April l, 1972.
The debentures will have the benefit
of
a
sinking fund designed to retire $1,500,000 of the,, issue each
year commencing 1952.
In the aggregate such ..payments will amount
to $31,500,000, or
70%
of the issue.
'
: f
'
are
1
Courts
S. K.
300,000
Co.—
&
1,557,421
12,809,543
-
100,000
Collings & Co., Inc-
300,000
Co.
&
C.
375,000
300,000
Inc-w.
Collins
Julien
received at
and Halsey,
were
coupon,
Co.,
Clark
W.
_
5,767,560
excess
Net
Earnings per common
150,000
Co——
&
&
——
Cooley & Co..
—
3!A%'
a
Stolfes
375,000
\
i 6,162,944
debentures
on common stock—
depl. provided above pn
properties and equipment——
100,000
__
profits taxes..
r
150,000
C.
Co., Inc.
Parker
3,742,579
Co.,
375,000
Auchincloss,
3,600,000
Provision for
:
100,000
Weeden &
,
each
&
Nicolaus
450,000
375,000
The
7,750,000
150,000
Caldwell, Phillips Co——
Chace, Whiteside, Wqrren
& Sears, Inc—
Chaplin & Co
Blair & Co.—
taxes—...:—_
150,000
650,000
Taylor & Co
Ohio Co
101,231
1,028,872
Provision for income
150,000
Co.U—_
&
12,197,662
1,027,122
•After
Staats Co.—
Stifel,
650,000
/ 21,755,397 ^10,900,702
:
.189,732
/ 110,636
1,006,122
150,000
Inc..—
Walker & Co.—
Kean,
yield 3.18% to maturity.
The issue was awarded to the
group in competitive bidding on March 23 on a bid of
100.5599.
■ •
'
bids,
:
tnc—U1UU—
William. R.
542,657
286,284
350,801
,
—
Writer. <fc ChriS-
Biddle, Whelen & Co.—
Byrd Brothers
——
William
V1
'•
,
,
Total,—u...u—
150,000
650,000
& Sons
*•'
>)',
>■
150,000
Geo. G. Applegate^..—
J. C. Bradford & Co—
Brown
" 'V"
,
299,093
Deprec.
Walter
Alex.
'
Dr72,172
560,921
438,468
—
Cash
Starkweather
650,000
Pomeroy,
V
.
877,6001
1,195,358
———_
interest..
income &
,
112,811
sales of capital assets
on
securities—..
150,000
650,000
H.
profit
&
150,000
650,000
Parsons &
11,440,892
Divs, & int. on secur. & investments
150,000
Co.
for new com-
company,
Net
150,000
Reinholdt & Gardner—
-
9,111,381
,
19,822,478
operating income
Net
McJunkin, .Patton & Co.
Nashville Securities Co..
.•
12,645,726
216,364
&
;
650,000
The
other
150,000
24,199,429
13,230,530
107,672
& admin;
gen.
Prov. for doubtful notes & accounts
'Interest on 3%
Reynolds & Co———
Schoelikopf, Hutton &
$45,000,000 Deben¬
tures Offered—A nationwide underwriting group com¬
prising 103 investment firms headed by The First Boston
Corp. on March 25 offered to the public $45,000,000 314%
debentures due 1973 at 101 14 and accrued interest to
Two
Marache
22,458,583
13,214,073
advertising,
150,060
■
tensen,
:
1945
33,252,915
Selling,
Interest & exchange
Gregory & Son, Inc
Laurence M. Marks. & Co
,
Columbia Gas & Electric Corp.
Cost of goods sold & oper.
150,000
..—i—
Peters,
1946
'
_
Haupt & Co.——
Ira
650,000
Estabrook & Co.—.—-—
Graham,
1947
266,431,629 212,924,315 206,071,251
expenses 233,178,714 190,465,732 181,871,822
operating revenues
Johnston, Lemon & Co—
A. E. Masten & Co.——
1,250,000
Inc..—
Pressprich & Co-
R. W.
'
*
.
&
income—1__
——
Divs. declared on $3.75 pref. stock—
Lord
1,250,000
1,250,000
G.
Court
& Co.,
Inc:-—
Granbery,
Hutzler
Companies)
,
Farwell, Chapman & Co.
The First Cleveland Corp,
Shields & Company...—
simultaneously
With the delivery of the new preferred stock in exchange for old
preferred stock upon surrender thereof, to pay to the person or
persons in whose name or names the new preferred stock is to be
registered, a sum equal to $2.75 per share of new preferred stock,
representing dividends which will have accrued thereon for the period
from Oct, 1, 1947 to March 31, 1948, as provided in the plan.
In order to receive the new securities of the corporation and the
accrued new preferred stock dividend above referred to, the certificates
for preferred or common stock or scrip certificates now held by the
stockholders should be delivered or mailed by registered mail to the
company, 200 Fifth
Ave., New York 10, N. .Y., accompanied by a
"tetter of Transmittal."—V. 167, p. 647, "
'
The
"
Coffin & Burr, Inc.
Hornblower & Weeks—_
stock.
pion
—
Clement A. Evans & Co.,
1,725,000
1,725,000
Wertheim & Co
A. C. Allyn & Co., Inc.. 1,500,000
1,500,000
Hallgarten & Co.—
1,500,000
Lee Higginson Corp.—
1,500,000
Phelps, Fenn & Co—
Dick & Merle-Smith—.. 1,250,000
Plan on March 31—
equivalent certificate of new fractional scrip
/
.BoswPfth, Sullivan & Co*; $150,000
150,000
J. M* >pain &. Co.-i-.u_U-
—
Salomon Bros. &
and common stock have been notified that
of reorganization, as amended, has been
confirmed by an order of the Court, dated Dec. 22, 1947. Pursuant to
further order of the Court, dated March 19, 1948, the plan will be
consummated on March 31, 1948, and distribution of the new securities,
as provided in said plan, will commence on April
1, 1948:
"Under the terms of the plan, which are now binding on all stockholders, the presently outstanding preferred stock, common stock, and
scrip will be exchangeable as follows:
For each share of outstanding
7% preferred stock, one share of
new 5V»%
preferred stock ($luo par value) plus 12 shares of new
.common stock
($1 par value);
For each share of outstanding common stock without par value, one
share of new common stook ($1 par value);
'
For each outstanding certificate of fractional scrip for old common
an
-
V
CALENDAR YEARS
FOR
Owned Subsidiary
Wholly
manufacturer of
a
'
Washington, D. C.), 2.5%
V
Co.,
box
ACCOUNT
INCOME
(Including
•
sales
Net
Other
—
The holders of preferred
the trustee's revised plan
stock,
*
*:
an
Corp._$2.300,000
Eear, Stearns & Co.—,— 1,725,000
Eastman, Dillon & Co.— 1,725,000
Ladenburg, Thalmann &
Co.
1,725,000
L. F. Rothschild & Co.— 1,725,000
equipment
liability in respect of not exceeding $7,230,000 2 Va %
certificates, to be issue by the First National Bank
trustee, and sold at 99.29 and accrued dividends in
is
System
The First Boston
obligation
assume
1
Corrugated
'
follows:
as
Chicago Burlington & Quincy BR.—Equipment
The
subsidiary, Nashville
shipping boxes.
CONSOLIDATED
'
interconnected unit operating approximately
30,000 miles of gas transmission distribution and field gathering pipe
lines, 122 gas compressor stations with a total of 233,900 horsepower,
12 liquetied petroleum gas plants, 19 underground storage reservoirs,
and 9,645 gas wells
(including. storage wells).
In connection with
its gas
utility business, the System also conducts gasoline and oil
operations and has 19 gasoline extraction plants and 1,997 oil wells.
UNDERWRITERS—The name of each
principal underwriter and
the
respective principal
amounts of debentures underwritten are
The
in 1978, of which
Proceeds will be used to repay
New
in
in
at wholesale for■ distribution
York and 0.7%
in Virginia.
sold
gas
from The
the Cap-
1947
another
fibre
Of the total amount of gas sold during the year 1947;
approximately 51.4% was sold in Ohio, 18.9% in Pennsylvania, 15.2%
in
West Virginia, 5.4%
in Kentucky,-5.9% in Maryland (including
announced
jitol Life Insurance Co. of Denver, it was
of
7,000,000.
Bonds Placed
—
Privately—Company has borrowed $1,350,000
jfylutual Life Insurance Co. of New York and
end
-
Engineering •.'* Corp.,
the
System service company,
but extruding
Gas
Co. referred to
above) which are controlled through
ownership of their „ voting securities/
Except for a few shares of
common
stock of four of the subsidiaries, all of the capital stocks
are
owned by the corporation;
Certain of the subsidiary companies
have indebtedness outstanding, all of which is held by the corporation.
Columbia
Gas System
distributes and sells natural gas in I.21"
communities to approximately 1,000,000 residential, commercial, and
industrial customers.
Gas is also sold at wholesale to other public
utilities which, in turn, sell it to their .residential, commercial, and
industrial customers numbering
approximately 800,000.
The popu¬
lation of the total area thus served by the System is approximately
(Continued from page 2)
owned
the
corporation no longer has any subsidiaries engaged in
operations the corporation plans, subject - to the necessary
its stockholders, to change its name to "The Columbia Gas
inc."
*
of
vote
were
shares
^
the
As
electric
Investment News
equivalent tq $3-88 for each of the 3,107,781 common
by the, company's approximately 32,500 stockholders at
as against $1.96 for each of 2,862,431 shares held by
about 32,000 holders on Dec; 31, 1946,
New
plants are now under construction at Portland, Ore., and at
North Tonawanda, N. Y., the former to be used for the manufacture of
metal cans and the latter for fibre drums. In addition,
a plant at
Hayward, Calif., was purchased in January, 1948 to. provide increased/
facilities for repairing and rebuilding machinery leased to customers
for closing metal cans.
Aiter purchasing the assets of Hummel-Ross Fibre Corp. in the early
part of 1947, the facilities of Filer Fibre Co., a subsidiary of con¬
tinental Cqn Co., Inc., were no longer required and therefore its assets
were sold during
the year. The company also sold the capital stock of
profits
$10 per share; and. (iii) the creation of a^ new>
entitled "earned surplus since September , Wb,... ' v
became
account*
Monday; March 29, 1948
CHRONICLE
& FINANCIAL
THE COMMERCIAL
(1362)
»
Ordnance
War
however
Assets
the
Administration
at the
property
to the
the War Department and is at present
was
released
as
surplus
War
being
*>»
S
**»
THE COMMERCIAL
Number 4685
167
'ime
&
FINANCIAL
CHRONICLE
(1359)
3
i
%
ADVERTISEMENT
A D VERTtSEMirXT
ADVERTISEMENT
i*.
•»
r
'
'>4
""
■•
•
-
r
s''.
•' *
•
'*
*
t'
•
'
•
■
this decrease of $80.4 million are fully set forth in the
C
/
Day
steel production, the year 1947 wm one of excepachievement.' The subsidiariet of United States
vfHl
Corporation produced the record peacetime total
million tons of steel ingots and eastings, such
a
**
the lowest in U. S. Steel's
now
extent by
Ol.
ipments of
<»"
conditions outside of the U. S. Steel's
steel products by U. S. Steel In 1947
million tons, only about 800,CNK> tons
s
to 20.2
anted
r
*ihan the
1947
record total of 21.0 million tons in 1944.
war
shipments
20 per cent higher than the
were
*
^aous peacetime record established in 1929.
uin
eh
achievement
an
made pemihte
was
of cooperation between
vy
largely be¬
employes and management
effort to utilize the efficient tools of production of
Steel so as best to help in meeting the heavy cur-
k
#%$-
needs of the nation.
M steel
U. S. Steel's rated annual
^
of total shipments for the year,
4
•
equal
improve in 1948 the production record of
or
2' will depend to
obsolete facilities
some
8. Steel,
must, for instance, be freedom from strikes and
e
*
Jk, stoppages. A major factor, too, will be the availy of a sufficient supply of suitable basic materials,
Z*
>ly
and coking coal,
scrap
Sales, Income and Dh idends
]
^ liar receipts from customers
In 1947 were the high-
.'l$y£
any year in the history of U. 8. Steed, amounting
,122.8 million and exceeding by $626? million the
A f dollar receipts in
* ome
m4
of
-ies
1 f
of
*.
United
for
of
ase
1947
States
was
Steel Corporation
.$1.27,1
million
and sub-
after
taxes,
an
$38.5 million Over the prim year when the
the Corporation was affix ted
adversely by
steel
vus
the strike-affected year of 1948,
coal
and
strikes.
It
will
be
recalled
that
strikes in
i|
1946 caused m estimated toss of 6.3
r, ion tons of steel production to U S Steel and pulled
t$ l its average rate of steel making operations for the
*
| to 72.9 per cent of rated capacity.
*<
for the year liNi is equivalent to a profit
«« cents Per dollar of sales, approximately the same
*n on the basis of sales as in 1946 This return of six
is
:ent
the
,' T of U. S.
*.
i**i y- Such a
iy
more
lowest
any
Jfustry in general, U. S. Steel was laced during 1947
A This problem of rismg costs. Wages, salaries and
2 /employment cdsts continued
thousands of products
\l>i
to mount, m did the
mA services bought
^♦JiS. Steel. -'
J1?47'
H- S. steel derived a return of 7.4 per
j]investment—total assets less liabilities other
"term debt. The investment
futed is based
Z liement costs.
book
on
on
than
which this return is
values
below
far
present
>
above mentioned income for
1947 reflects
«
cost of
S^ior? for the year covering wear and exhaustion
r • ilhil?s
addition to a cost of $87 7 million for such
Ti fnd exhaustion based upon the original cost of
This
.additional
for
income
cost,
tax
although
purposes,
not
presently
the
represents
i*
| lent of the management of U. S. Steel as to what
A I fln viey of the greatly Im-rrajird present cost
^•ilities over the original cost of the facilities which
be replaced.
gf|i
*}
f"jng 1947* U. S. Steel paid
M
f!
'f
^.the emulative preferred
year'S payrtfU im V* S
one-
Su*1'*
*
declaration
er
ttV4.
stocks
ton
red
I
on
ient
in
of
for
dividends
the
year
en
the
1947,
January 27, 1948, there
preferred and
Including
remained
the business $56.2
million,
in
1946 when
million
as
operations
those
lor rein-
compared with
were
on
a
sub-
ally lower level.
rking. capita1
ubsidianes
mds
^ar
n
of
United States Steel
Corporation
December 31. 1947. after
deducting
at
declared
alance
Mills, Tin Plate
Pipe Mills, Tubular Products
on
January 27, IWI.
of funds
costs,
was
80,000
not
The demand for steel products of almost every kind
the
production
coal strikes
steel and
Industry loss of
production.
'■
of
They
since
more
innumerable
also
reflect
articles
the
effect
U.
S.
Steel
carry out the
and
excluding
segregated for property additions
$548.7 miHicm, compared with $629,1
31, 1946. The several factors
causing
at December
steei
a
39
'
,
sell. According to Iron Age, the
"steel
charges
certain
for
chemical
pay
in varying amounts."
and physical
which all con¬
i
the
end
of
in the West
.
steel production at the Geneva.
Utah, plant (purchased from the Government on June
>19, 1946) was close to full potential capacity, thus aiding
substantially toward meeting the steel needs of the West.
-The operation of this plant by U. S. Steel has also re¬
1947,
of the establishment of Geneva, Utah, as a basing
benefits for
financial
Western
steel
users
by
point for the steel plates and structural products ?pro-
~,duced there. A reduction in freight rates from Geneva to
the Pacific Coast similarly contributes to lower delivered
prices for those products to West Coast customers.
.
small—received
The annual report of U. S. Steel
for 1946 contained an
purchase of the fabricating
Steel Corporation
and of the suit instituted by the Department of Justice to
account
assets
War II—some
all
being
the
industry
entered
the
period with
relationship between prices and product
consequence of the fact that steel prices for
an
improved
Semi-finished steel includes ingots, blooms, billets, slabs,
tube rounds and skelp.
Most of the tonnage covered by
proposed
Consolidated
of
of
the
Sherman
Anti-Trust
Act.
On
November
7, 1947, the United States District Court at
Wilmington, Delaware, held that there was no evidence
in the case establishing any violation of law as alleged
by the Department of Justice and dismissed the com¬
plaint. Thereafter, on November 18,1947, the Department
of Justice appealed to the Supreme Court of the United
States, where the appeal is soon to be argued.
,
'
v
!
In 1947,
were
Research and Technology
long-range research and development activities
in order to meet and anticipate the
continued
increasing demand of customers for high quality steel
products. These activities ranged from the acceleration
methods of beneficiating raw mate¬
! of studies on better
through blast furnace, steel making
finishing operations to new or improved processes,
rials (ore and coal)
and
.products and techniques, many of which are still in the
laboratory stage of development.
*
Notable
among
these
long-range
activities
was.
the
-bringing into operation of new laboratory and pilot plant
facilities for the intensive study of problems relating to
relationship
prices for specific steel products.
The most recent price
adjustments, effective February 12 and 13, 1948, included
an increase of approximately $5.00 a ton in the prices of
certain semi-finished steel products, which represent a
relatively small part of U. S. Steel's total steel shipments.
violation
in
-
to .establish
the
business
would result in
postwar
between prices and costs, U. S. Steel has announced from
time to time since the removal of price control new
of
and
enjoin this proposed acquisition on the ground that it
a substantial suppression of competition
treated
is cooperating with the Government to
voluntary programs authorized under the
effort
139
100
in
long period were held by OPA dictation substantially
at prewar levels while wages and other costs greatly
advanced.
It seems elementary that the price for any
manufactured product should be sufficient to cover all
costs and permit a fair profit to the manufacturer.
an
50
v
*
\
,
AvSteel
a
In
Steel_-___-
Finished
of
sulted
unbalanced
costs as
75
150
August 18, 1947, the Federal Trade Commission
initiate^ proceedings against the American Iron and
Steel Institute and various steel companies, including
U. S. Steel, charging violations of the Federal Trade
Commission Act, particularly in connection with the
basing point method of pricing and selling steel prod¬
ucts, a practice which has been in use in the steel indus¬
try for about fifty years. In U. S. Steel's opinion, these
charges against it have no basis in fact or in law.
Steei Prices
The
175
reason
Anti-Inflation Act for the equitable distribution of steel.
an
Steel
On
major part of its
impartially on the
came relative basis.
Steel, however, was sold in 1947
to many new customers, including a considerable num¬
ber of smaU users of steel.
Many months ago U. S. Steel
adopted a policy of removing from its customer lists any
company or individual who to its knowledge wilfully
permitted the diversion of steel, purportedly purchased
for the customer's ordinary and legitimate needs, into
the so-called grey or black market.
some
and
of
Day which caused an
18 million tons of steel
tL S. Steel's customers prior to World
production,
Foods
and
Iron
of
Supply not being equal to this abnormal demand, U. S.
has tried to the best of its ability to distribute
its steel production fairly among its customers.
1947
of
Price
(specific
sumers
Steel
large and
100
100
.
characteristics added to the base price)
V-J
than
Price
produce or
At
continued unabated during 1947.
The requirements for
isteel reflect the inevitable outcome of a five-year inter¬
commerce.
108
\
300,000
,
Distribution of Sted
ruption in
peacetime
Increase
208
Commodities Other
Products
Farm
Per Cent
1947
price composite is constructed from the base prices of
finished steel products.* It does not reflect extra charges
or
500,000
Rod Mills, Wire Products
stock—aggie-
owners in 1947 represented about
f'ites
r
Tin
December
price of iron and steel includes iron ore, pig iron and
scrap, as well as cans, hardware and numerous other
jitems manufactured from steel which U. S. Steel does
1,000,000
300,000
845,000
Ingots.
Rolling Mills, Steel Sheets
,
The Bureau of Labor Statistics' index of the wholesale
1,900,000
Steel
All
(Iron Age—Base Prices)
-
,$2a.2 million—and total dividends of $3.68 a share
stock, aggregating $433 mill son. Divi-
,P^d to.the
Furnaces,
of
(Bureau of Labor Statistics—Preliminary)
more
tout regular dividends of
f 8 common
•i
%
Steel
Year
>
Commodities—100
All
(Bureau of Labor Statistics—Preliminary)
Composite
Tons
cent
a
tible
new
of
Price
Wholesale
and better facilities, in terms of in¬
in annual capacity, is as follows:.
for
By-Product Coke Ovens, Coke_:
Blast Furnaces, Pig Iron
was
'
,
than
-
A summary of the major items in U, S. Steel's current
program
1947 of
*
i
Wholesale
Improved facilities of U. S. Steel has been told in earlier
reports and iri the last two issues of The U.S.
Steel Quarterly and need not be repeated here.
1940,
*yp$. Steel's relatively low earnings «4 tlx cents per
-iq/of sales _in 1947 evidence the cumulative effect
~%?ng costs in all fielcs of operation. A# in the case
i
story about most of the various
Price
(Bureau of Labor Statistics—Preliminary)
annual
than half of the average return on sales it*
production in 1947.
*
Wholesale
December
at
were:
v.
,
parity with the
commodities, steel prices
had to be at least 40 per
"'vs,1940
\
approximately $350 million
The detailed
In the
pracrfime year
$25 mtllion more than it earned In 1940.
I
^ver, in terms of the purchasing power of the 1940
%»f, the 1947 profit of $127 million was only $60 milV <or one-fifth less than in 1940, *«4 this depute much
'
to
mus
than
than they
<
„
31,1947.
creases
for
VI twice those of 1929. U. S. Steel's profit km
*
#
amounted
S. Steel's profit in 1947 from all
operations was
million less than in 1.929, although In 1947 its sales
f million
-v "
Steel
months of 1947, costs of U. San average of $5.00 a ton o
seven
more
index, of wholesale prices of all
in December, 1947, would have
U.
S.
Steel's
program
for
the
enlargement
and
improvement of its facilities was aggressively pushed
during 1947 in the face pf higher costs, shortages of
materials and labor, and difficulties in securing essential
equipment. Expenditures in 1947 for these purposes were
approximately $206 million. Since V-J Day, U. S. Steel's
program for additions to and replacements of facilities
has reached a total of about $775 million. The unex¬
pended portion of the authorizations for this program
Steel when operations were near careturn o?i sales is, fur example, only
mi 1923, 1926, 1928 and
U;
v.'
S.
lishes that to have maintained their 1940
for additions to and replace¬
-V">
U.
which
price of finished steel was 3.18.c
pound (Iron Age). The following table estab¬
cent greater
Us cusomers' needs for steel, whether in peace or in
war, <
In furtherance of this policy, U. S. Steel has continu¬
its facilities.
services
and
At the end of 1947 the
cents per
consistently has followed a policy of main¬
as possible, facilities to enable it to satisfy
sums
granted to
was
steel, excluding the cost of the coal wag
July. On August 1, 1947, U, S. Steel sub
sidiaries
named
price increases for numerous
stee
products, varying for different products but averaging
about $5.00 a ton, or one-quarter of a cent a pound.
steel
ously provided large
unA
settlement in
far
so
this
finished
taken out of pro¬
,
'M income
*
Steel increased
making capacity since January
per cent. The facilities which
were sold by U. S. Steel are now being operated by their
new owners
and are thus contributing to the present
total steel production of the country.
IA A-A■
U. S. Steel
substantial wage increase
During the first
....
1940, is about twelve
taining,
correct
purchase to stay in business advanced sharply.
duction following their intensive use during World War
and other facilities were sold, the net increase in
ments of
f
r
were
a
commodities
the
II
1,
Although,
result of
carrying forward its large construction
and modernization program, U. S. Steel has added to its
steel productive capacity to the extent of more than a
fourth between January 1, 1940, and January 1, 1948.
considerable extent upon some
a
not wholly within the control of V.
rs
i
*•#.
capacity at January 1, 1948,
1, 1947.
Because
to
diately advance the prices of its steel products to offset
It was hoped that high levelr
of operations would enable such increased cost to be
absorbed, but the results of the succeeding four month*
definitely indicated the need for prompt correction o
the price-cost relationship.
Not only did U. ;S. Steel'f
employment costs generally increase, but the prices c
capacity of the country.
Such capacity represents an
increase of approximately six per cent since January
a
made
February, 1948, price adjust¬
also covered tubular products and certain extras
such increased labor cost.
for the production of steel ingots and castings was 31.2
million tons—about one-third of the total steel making
As
was
These
its steelworkers in April, 1947, U. S. Steel did not imme¬
More and Better Facilities
U. S. Steei's rated
S. Steel's 1947 exports were less than half of the
ige exported in 1940 and constituted about six per
*m
,
history.
increase
structural steel.
on
:
being sold substantially below cost
was
situation.
ments
has been reduced to one-third of the amount in 1939
and is
action'averaging 96.7 per cent of rated capacity.
production during 1947 would have approached
opacity had not operations been Interfered with to
*
*
ness
changes
price
this
sound
Long-term debt of U. S. Steel at December 31, 1947,
was
$77.2 million, excluding $5.7 million of. bonds
covered by deposits with trustees. Long-term indebted¬
i
►y»
t
and
•
1.6
***
L
these
statement of this report.
by the Chairman
;
The Second Full Year Alter V*J
it
Annual Report for 1947
,
1 Review of the Year
>*#
C 0 R P 0 RATIO N
STEEL
STATES
NITED
*'
t'
concentration of lower grade iron
Studies of coal washing and
blending practices to attain more effective removal of
;ash and sulphur and to provide better coal for U. S.
Steel's by-product coke ovens were continued. Likewise,
; increased
attention was given to problems involved in
: the recovery of coal chemicals derived
from by-product
coke ovens. Studies continued on blast furnace practice
•with the aim of obtaining more regular furnace opera-
:
the improvement and
r
ores
►
<
•
of the Mesabi
range.
COMMEHaAL & FINANCIAL
THE
4
CHRONICLE
Monday,. March 29,:.
V-i:
—
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
UNITED STATES STEEL CORPORATION (AmiualReport Continued)
ore
better future utilization of
,
Open hearth, bessemer and electric steel
were
under continued study, with
that steel
:
The
mines.
•coinciding with the enactment of the Labor-Management
Relations Act 1947..
On June 28, 1947, the miners began
the
vacation
Coal
Mines
.
permitted by order of the Government's
Administrator and stayed #way> from; the
1947.
The loss in production of coal
by U. 3. Steel due to interruptions in 1947 amounted to
1.7 million tons.
v
-
mines-until July 8,
izing' Steel in the form of wide strip has progressed
beyond the experimental stage and is now in large scale
operation.
'
'/■
r'
-v ' '
'/•
turn to
.
r.
production record in 1947 is one of which
both management and employes may well be proud.
It
evidences a truly cooperative relationship.
Steel ton¬
nage lost as a result of work interruptions was approxi¬
mately 283,000 tons, compared with more than 6 million
tons of steel production lost by U. S.
Steel .through
strikes and work stoppages in 1946.
Manhours lost
through labor difficulties, chiefly from work stoppages
occurring in operations other than steel making, totaled
6 million in 1947, compared with 60 million manhours so
lost in 1946, when steel, coal and other strikes paralyzed
steel making for prolonged periods.
1 ;
:
The labor contracts in effect
fit the beginning of 1947
between the steel
producing subsidiaries and the United
Steelworkers of America (CIO) were to have terminated
on February
15,. 1947., They were extended by mutual
agreement until April 30, 1947, in order to provide time
lor clarification of the problem represented by If'portalto-portal" pay demands: " New labor contracts ty'ere en¬
tered into on April 22, 1947, between these subsidiaries
and the Union.
} '
' '
.
'
" •
1
-
\
_
*
4,
r
Under these
some
new
of these suits.
•
contracts, provision,
;.
was
.
made for
These labor contracts, remain in effect until April 30,
They provide, however, that either party may on
April 1, 1948, give written notice of its desire to negotiate
general and uniform change in rates of pay.
On Feb¬
ruary 18, 1948, the International Policy Committee of the
United Steelworkers of America (CIO) announced its
a
intention to
for
the
serve
such
a
notice upon the steel industry
"substantial wage increase."
Should the Union and
subsidiaries fail to agree on a wage adjustment by
April 30,
provided
contract
new
new
for
day
eight-hour
an
As
:
,
result in
assurance
to the
employer of
a
-
/
1,633 employes, received death bene¬
*i
\
•
•
'■
V
*
•
'i;
•Vn
V
of.
\ V V'' I
»
V
:
.
further
V ;
V ^
\
of
acquainting the public with* its
affairs, U. S. Steel recently inaugurated The U. S. Steel
Quarterly — a publication designed' primarily to furnish
a
means
jprompt news and facts about the Corporation to stock-,
,;J
'
v
others interested.
holders and
V
prevailed
throughout the. year, the average number of Ur S. Steel
employes for 1947 was 286,316 — an increase of 19,481
.
,
With the exception
1946.
in its history.
*
War II,
by both public and private leaders in the United
'States, to bring about a basis for enduring world peace:
veterans
to
of these former servicemen; Comprehensive
acquire advanced skills and
today than they did at their
produce and earn more
has
diminished
cent of the total
of women employed by U.
the
•
the
wartime
employes in 1947
peak,
were women.
six
Besides
office functions performed by women, valu¬
loyal service is rendered by hundreds of women
manufacturing, transportation and research operations.
Average hourly and average weekly earnings of all
wage and salaried employes of U. S. Steel in 1947 were
the highest in its history — directly reflecting the gen¬
eral wage and salary increases granted early in the year.
Average hourly earnings for all employes were $1.55,
while the average weekly earnings for the year were
('$59.64, an increase of $9.73 over 1946. Compared with
'1940, average hourly and average weekly earnings of all
employes for the full year 1947 were greater by 73 per
cent and 81 per cent, respectively.
The total payroll of U.
In
peace can
on
the inter¬
be
must
accom¬
be assured."
1939, before America had become embroiled in the
losses from war,
^enormous
and
sequences may
It is
in lives, in natural resources
of capital. Other con-*-
in the destruction
not be evidenced fully for
imperative that each of
years
to come.
in this country continue
to do his utmost to counteract any forces working against
peace. To this end U. S. Steel, confident of the support
of its stockholders, its employes and the public; looks
'forward to a maximum production of goods and serviced
-during 1948 with-which to meet the peacetime needs for
steel products.
.
..
* .
us
Chairman, Board of Directors
(wages and
S. Steel for 1947
-
lasting
a
still
U. S. Steel stated*that war provides only
fleeting prosperity and results in a disruptive shifting
*of
the ' economy.
We
have
since
witnessed
the
S.
per
indicate that much
world conflict,
consumed
many
able and
in
since
scene
plished before such
.%■''//
tasks.
Although the number
Steel
national
its
training and re-orientation programs have enabled many
prewar
The turmoil and confusion which still exist
".-r: \
policy of employing disabled
wherever possible, U. S. Steel has hired more
of
A sincere effort has been made since the end of World
of the recent war years,
...:
...
.
continuation
In
Peace and Production
i
shipbuilding was a major activity, the number of
jobs provided by U. S. Steel during 1947 was the greatest
March 3,
1948
salaries) amounted to $890.1 million, and the manhours
worked totaled 574.4 million.
contract
Under
<
part in the American system
enterprise.
\
,
on
As
when
;
S. Steel recognizes, the continuing interest
of customers, employes/ stockholders and
public the pertinent
U. S. Steel desires to make
and the conduct of its activities.
<
v
•
-
,
Reflecting thejhigh level of operations which
'over
checkoff
,
provisions,
;
,
Real Costs
;
•
deductions
of
The extent of real costs may
million for union dues, fees and assess¬
made from the wages of employes in 1947
than $3.6
more
ments were
periods
With
*
-in
more
1946,
-and
continued to*.be
a
other
U.
S.
Costs—In
Wage
in
"continuaL increase
tU.- S.
•
"Safety First." The frequency rate of
lost time acci¬
million manhours worked in 1947 was about 33
per cent less than in 1946. In the steel producing opera¬
tions there were less than four lost time accidents for
million manhours worked. That record
is proof
1947,
salaries
wages,
and
employment expenses accounted for 45 per cent of
Steel's total costs.
Since 1940, there has been a
Steel's
increase
over
the
1940
average
hourly
earnings^ of
until—in December 1947—thb
80 per cent,; as shown in the
employes
was
,
-
\
-
Increases Over 1940
-Average Hourly Earnings •"
Increased
Cost of
'
29%
1946
73%
December 1947
1947
59%
5 War Years
vital
dents per
every
prices.. '■
Increased
employes working more hours in 1947 than
accident prevention
wages and prices.
real costs in such
"
following table:
..
problem. The record of safety achieved is an indication
of how much stress U. S. Steel has laid on its program
of
and
products and services for exchange. The period of 19401947 has been one of such marked increases in wages
■
Employe training programs play an important part in
the operations of all U. S. Steel subsidiaries. Through
these programs, which are available at all levels of em¬
employer and the community.
establish
periods weakens and may ultimately destroy the ability
of a business to continue its job of profitably producing
»
Employe Training and Safety.
.
to
be seriously obscured in
or falling
record the
of rapidly rising
Failure
and transferred to authorized union officers.
under
fair day's work.
of
Sunday nights, which has steadily gained in
won many awards for the high quality
of its production. It is estimated that about thirteen mil-*
lion people listen regularly to this weekly broadcast and
in this way obtain a better understanding of U. S. Steel
but the
been
■'
prestige and has
A joint Management-Union committee created
the prior labor contract for the elimination of
pected that continuing study by the joint committee' will
7,105,941
$9,120,897
affairs
gram
provide job opportunities limited only by the capabilities
of the individual and benefit not only the individual
fair day's pay.
Equitable wage scales have
established assuring the fair day's pay.
It is ex¬
>
For the third year, U. S. Steel sponsored The Theatre
Guild on the Air broadcast, an hour-long dramatic pror
inter¬
a
$2,014,956
facts about its affairs and its
fering with the attainment of the joint objectives of the
parties. 1
return for
'
...
f
7,174,442
of competitive free private
\
-A Employment and Employe Earnings i
r ;•
:
■
•
its
others.
.
f
pro¬
rate
inequities substantially has concluded the wage classifi¬
cation phase of its program and now concerns itself with
procedures to give effect to the agreed upon principle
that the employer is entitled to a fair
day's work m
Contributory
$3,227,837
steel, U.
in
.effect until June 30, 1948, with the .right. on the part, of
either party to terminate the agreement on any earlier
date by giving the required notice..
contracts for quarterly meet¬
wage
1946
•
producer of about one-third of the nation's supply
a
of
representative of the operators, one representative of the
Union and a neutral trustee. The contract remains in
*4
discussion of problems
•
.
ployment, the employes not only increase their produc¬
tive ability, but help themselves advance to better jobs
at better pay. These educational and training projects
a
-
*
Giving the Facts About U. S. Steel
;
payments into the fund from 5 cents to 10 cents for each
produced for use or for sale. The fund created
—United Mine Workers of America Welfare and Retire¬
ment Fund—is to be a trust and administered by one
ings between Union and Company officials.
It is hoped
thus to have a regular appraisal of the functioning of
the labor contracts and
Under
Plan
Beneficiaries
ton of coal
April 30, 1949.
attitudes rather than contract language,
made in the
as
.
1947
fits of $5,350,000 in 1947 under the Employes' Group Life
Insurance Plan. At the end of the year 230,613 employes
were insured under this plan for $827,854,500.
.
(the original welfare fund having been' created by the
Krug-Lewis Agreement between the Govern¬
ment and the Union), but increased the coal operators'
Recognizing that friendly, cooperative relationships at
on
all
are
$10,402,279
-so-called
1948, the contracts by their terms remain in
was
Companies
by
Part of
week was provided for in the contract. The new
contract called for the continuance of a welfare fund
all levels in both the subsidiaries and the Union
depend
vision
for
v.
,
Non-Conti'lbutory Part of
in any
„
largely
employing companies
years 1947
and 1946
by the
in the
•'
Provided
for the majority of the employes at
.the same pay as received for the prior nine-hour day
(portal-to-portal), plus a wage increase of fifteen cents
•an hour. In general, overtime pay at time and one-half
for hours in excess of-eight hours a day or forty hours
a
full force and effect until
there were 15,728 pensions in force. Payments"
pensioners during the year totaled $8,909,650.
.
situation at home and abroad.
The
-
a
1949.
Plan,, pensions were'
Pension
v( portal-to-portal)
employes and others not covered by
the contracts were granted commensurate adjustments.;
erations continue to be the subject of a joint study by
qualified personnel from the subsidiaries and the Union.
,
1,894 retiring employes. At the end
'
.
Salaried
a new plan, its effect on the
present Employes'
Group Life Insurance Plan, and other pertinent consid¬
U.; S..Steel
1947 to
purposes
insure
critical
a
of such
•
coal mines of the country back
to
y
willingness to
participate in the establishment of a new plan involving
life, accident, health, medical and hospital insurance,
provided an agreeemnt could be reached with the Union
on the elements of the new plan and on methods for its
financing and administration.
The coverage and content
the
follows:
of these disabled veterans to
subsidiaries also indicated
a
provided
distinctly in the public interest to get the bituminous
into operation promptly,
maximum industrial production to meet the
was
adjustments in pay to establish proper,-differentials in
wage rates, severance pay in relation to -service when
employes were deprived of employment because of the
permanent closing or discontinuance of a plan or depart¬
ment, and three weeks' paid vacation after 25 years of
steel
^
Tensions and Group Insurance
•
Sums
ing national industrial paralysis caused by the diminish¬
ing stocks of coal for manufacturing and other purposes.
The negotiators for the coal operators believed that it
than' 1,750
The
V.\X
of the safest places in which
\
Vv -
of the
half
pension
as
general wage increase 'of T'2% cents an hour and other
employe benefits.
Among such benefits were .' certain
service.
:
of the year
to
of July 1,T947. The miners began to re¬
work on July 8, and arrested the rapidly increas¬
7, effective
Legislation relating to "portal-to-portal't claims was
subsequently enacted.
Thereafter, a number of pending
"portal-to-portal" suits were dismissed.
Appeals have
been taken in
■
granted in
ing to work. Such a contract was negotiated between
representatives of the bituminous coal industry and the
United Mine Workers of America. It was signed on July
.
•
<
Under
labor contract before returnr
miners insisted upon a new
1947, U. S. Steel's research and development
Labor-Management Relations
almost
-
the soft coal mines of the country on June 30,
\
-
..
Although the Government relinquished possession of
1947,, the
and finishing departments, additional
effort was directed to improvements in instrumentation
for better control of high speed continuous operations.
A new stretch-reducing process for the production of
small diameter seamless pipe was announced during
1947.
A newly developed continuous process for galvan¬
U. S. Steel's
■ =
f
In the hot rolling
metallurgists continued basic studies On the mechanical
properties of steels, response to heat treatment, prob¬
lems of flow and fracture, welding characteristics, be¬
havior in elevated and low temperature service, and
numerous
other branches of fundamental and applied
science as it pertains to U. S. Steel's products: '
C
are .now one
■
results
Steel
work
several
other related problems.
During
plants
safety campaign started by U. S.
century ago have made every em¬
ploye safety conscious. Use of the best protective equip¬
ment and improved safety training and methods have
greatly decreased the frequency and severity rate of
acoidentSj thus earning" for U. S. Steel's mining, manu¬
facturing;; fabricating, A cement and other operations
many public-awards for safety.'
possession of the bituminous coal mines,
stoppages occurred in U. S. Steel's coal'
In June, 1947, production of soft coal stopped,
ernment's
emphasis on
speeding up all phases of these operations from the
•handling and charging of raw materials into the furnaces
to the teeming of the molten steel into the ingot molds.
This involved such diverse subjects as improvements in
refractories and in furnace repair practices, improved
methods of temperature measurement, use of oxygen
as an aid to combustion and as a means for bringing the
molten steel more quickly to the desired carbon content,
*
to work. "
making prac¬
tices
>•
-
30, 1947, of the Gov¬
Prior to the termination on June
reserves.
and many
Miners' Contract
Coal
-
tion and increased output for
'
'
80%
Products and Services Bought—In
products and
services bought accounted for
42 per cent of U. S. Steel's total costs. Since by far the
major part of the total cost of all products and services
1947,
in the nation is for wages
and.salaries, the advance from
-
Volume
THE COMMERCIAL
Number 4685
167
ADVERTISEMENT
CHRONICLE
FINANCIAL
&
(1361)
ADVERTISEMENT
5
ADVERTISEMENT
UNITED STATES STEEL CORPORATION (Annual Report
Concluded)
'
general wage rates has been
1940 to the end: of 1947 in
must buy.
that every
Steel's experience
has been followed
nearly equal percentage increase in the costs
and services it must buy for its; operations* j
continue, it is necessary to recover;
of sums originally invested in
tools so; that they may be replaced as they wear out.
Therefore, this added amount is carried as a reserve for
replacement of properties.
It is a simple truth that to
buy similar tools of production takes many more dollars
today than formerly; to count as profits, rather than as
cost, the added sums required merely to sustain produc¬
tion is to retreat from reedity into self-deception. »'..■•
,
'
Increases in the costs of a few
of the important items
fol¬
purchased by the' U. S. Steel are- indicated by the
lowing table:
;
,
i
Zinc
•
.
Ore
Copper
1946;
5 War Years
j
7~"r-
Fuel
4.
'
_L__
•;
.
.
J
HI
'
Facilities—
Increased Cost of Replacing* and) Adding
Current construction costs likewise reflect
the wage-,
Wire Drawing
Reheating Furnace
Blast Furnace i—
By-Product Coke Ovens
Continuous
1
- ... ~
Concrete Construction
The
,
of
cost
balancing
existing: tools
and
an
adding to
"<v'''y
cent more than planned. Again, additional tin
plate capacity, authorized late in 1945 at an expenditure
of $13,250,000; is currently estimated to have a final cost
of $19,542,000, or 47 per cent more than planned.
The
increase, since 1940 in-construction costs, as measured
by the Engineering News-Record index shown in the
costs
whether
with
the
same
production
%/*
Increases Over 1940
68%
Federal
STATEMENT
OF
and
'
'
.
Securities
1947;
On
December 1947 /
Wear
and
:
Plant
Inventories—An
procedure
y
-4
the
4
cost-
erar income" tax
4
-DU SL
Other
19.41
substituted
State,
at,745,483
26.300,000
\
extended to pertain- other inventories.
costs
war,
Local
Thus U., S»
-By this change in method;,; rising, wages and
-prices currently incurred by U._ S* Steel to reproduce
'what is sold are. recorded as dost'and not as increased
inventory valuation and seeming profit. 4,4
'
"
•
j
Long-Term Inventories—-Believing that the same prin¬
ciple of recording the cost of short-term inventories con¬
sumed is applicable to recording the cost of
long-term
,inventories consumed
(wear and exhaustion of ma-
was a
step toward stating
amount which will
.of diminished, buying
as
power,
the original expenditure.
wear
recover
findings
The
of
2,540,618
—
Other
Costs-
depreciated
-
ic
On
sales
amount
1,407,441,851
On common stock
;y
$4
'
,
share
per
($5.25
25,219,677*
toward
that
.
$28,589,79d
Current
Assets
\ Cash
■
*
-
j
»,
.
Dec/31,1947
•
.
■
POSITION
•"
$223,960,071
Dec. 31,194fr
'
securities, at
~
444:-'
lower of cost- or market—303,011,034311)319,425'
Receivables,' less, estimated bad debts
148,785,.736
137,875,666
-
Inventories
4—4 289,236,644
283.395,546
.954,639,288
964,993,485
■;
Long-term debt due within,
one
year.
118,497,240
5,723,681 4
4
15,008,17P
:
6,324,446
„
,
4* 4
-
1947. totaled $890,112,230.
Included
charged
available
considered,
1
in
costs
to
of
and
products
construction
and bGKtfl5'
'
•.
based
$87,745,483
exhaustion of facilities
original
on
replacement
cover
cost
cost.
such
of
The
added
provisions based on original cost, and is
wear
and
exhaustion in an amount "Which,
dollars
diminished
of
buying
the
power
same
the
as
for
a- reserve
replacement of properties, The 30 per cent
through experienced cost increases and partly
partly
pf (construction? cost
Stockholders
independent
of
'•
*
-'V*."
*
of
■
.!
United; States
States
Our
'•
'
and
other
The
in
accordance
such
tests
and
such
,
extended
of
with
at
the
other
position
December
1947.
accepted
accounting
procedures
records
as*
we
i'
circumstances.
the
*4
1947,*
year
generally
the
of
as
-
stock¬
5,
financial
for
/
,
of
May
on
subsidiaries
of income
included
in; the
meeting
held
statement
and
!
Corporation:
annual
the
evidence
supporting
necessary
application
of
the
last-in,, first-out
of . inventory
valuation which it adopted in 1941-42 to certain
and* to other inventory items as at January. 1, 1947.
other subsidiaries
a
and
corporation
method
Corporation
made
was
standards
considered
Steel
at
' i:
r
REPORT
Corporation
consolidated statement
examination
auditing
States
elected
Steel
consolidated
the
Steel
1947, 'amd the
AUDITORS'
United
auditors
United'
have, examined
we
As
185,730,493
,
;
'4'
'
v :
was
added, to
;i
the
31,
:
^4:4Tota4,y'4-4_Z-:4__:^_:;-^_^
;? Less* 4444444;''' '•4'4";
'Current, Liabilities'V.'"44
4;
:
4 Accounts payable' :A---—™ 4.; 212,205,853
4;;4 Accrued taxes
'[■ 181,231,868
4;:V.:4 Dividends payable
1'7;183,985
held
is
reserve
character,* and; is
of Facilities. Wear and
current
■
,
•
"
of
' $222,048,651
Of
cent, of
V,
holders
United' States Government
y
:
War.
out
34,813,008
OF FINANCIAL
insurance
was
balance
stating
in
determined
As*
,CONSOLIDATED STATEMENT
of
companies are, for the most,
fire, windstorm, marine and
this
. .
INDEPENDENT
.
Out
as the original expenditure..
Because it is necessary
purchasing power of sums originally invested in tools
they may be replaced as they wear out) this added amount
carried
'
.
* 1
Arising
index numbers.
Although it Is
than the experienced cost increase in replacing, worn;
facilities, it was deemed appropriate in view of the newness of
the application .of; this principle to the costing of; wear and exhaustion.
25,219,677
$56,186,398.
.
the
includes
through ;study
materially less
+
45,6,92,073
the
of
$872,496,549
30, per
recover
is
share 1947,
per
1946)-,
:
of
purpose.
$26,300,000
recover
was
■
is
step
so
^ "
stock
sharp)
applicable
be either
to
purchasing power
88,622,475
127,098,148
cost
purport
-1;',
subsidiary
balance
Exhaustion
$114,045,483
32,000,000
"
,;V•X4/$7- per
or
91,000,000
;44"
preferred
Costs
-
The
possible* losses
and
iacilties and
>
Declared
Additional
is'a
which*
Bought. Included- in products and services
changes during the year in inventories and deferred
changes are not considered to be significant in relation
total costs. '
4:;
: ': '•
37,070,774
will
cumulative
values
gross
•
shown in. the con¬
plant and
equipment
for
the
45,197,381
A':
been
States
andi Services
are
Such
income__
on
the
of
4'.4 4-
Taxes__
'iCIncome
Dividends
sold
1,995,688,095
Taxes
The
fo^r this
Wear and
of
4,777,135,
plant
have
United
amount
position
,
Reserve.
1,586,363:
2,507.729and, Miscellaneous
to
Longr
on
the
accepted,
.
financial
;*■■';■
Productscosts.
27,626,351*
which
at
accounts'
of
by the- Bureau of* Internal
Department, as at the initial date of or¬
Corporation in 1901, plus- actual cost of additions
credits
for the
cost
of
properties
sold,
retired or
arnq'unt,
bought
result* of
this
extension
of*
such;
principle,
inventories*
December
as
at
$10,009,000
they would
followed with
31, 1947, affected thereby are approximately
less> • and; income for the year 1947 is- $6,000,000 less, than
have,been
respect
under
these
to
-the
cost method
average
particular
previously
inventories.
■;Total
':■
416,345,387
325,560,350"
,
.
.
.
.
/.'•'!T"-'
■
-
f -*''
"*kv.
-v
;•'?
r
•
/>•
■
vf;•,
•.
i
exhausted
\
T
WorkingCapital
Miscelianeous-
548,648,098
investments,; less
Aside,
at
.Government,
c.ost.<
For: expenditures-
•
year
1947,
in
cost, of. long-term
recognition
partial
facilities
which
are
of the increased
being worn out orr
Plant- and
out
of
bRerating Parts and " Supplies.;-:
140,000,000
826,873:,347
,,l39;604,43e.:
14,994,321'
;l yj:.C 1
it£P-
.
Applicable to'Future
Intajigjbles;
155,000,000
26,000,000.
940,48fr,342..
''
war__
.Equipment,., less. depr.eciafioi>__
Costs
Assets
Deduct
*
-
'
Periods4„L,.._
•
Debt
LiabjlitieSi.^-.
the amount, determined
in
accordance,, with
the
28,000,000
23,350,419
-
6,138,651
''4
.
X
4 In
the-
1,746,267,520
1,677,957,057.
our
opinion-,
except
set
as
forth
in
the
preceding
paragraph,
accompanying* consolidated statement of financial position and
statement of Income, together with the notes thereto; present
related
fairly
the
position
of
States Steel Corporation and its sub¬
and the results of the year's operations
accepted accounting principles,
Except
preceding paragraphs, the accounting principles
United
sidiaries at December 31,. 1947,
in
conformity
with, generally
as
indicated in
the two
applied during
preceding
the
year
on
a
consistent with that of tna
basis
year.
PRICE, WATERHOUSE
77,229,313
.
81,197,155
25,420,807
27,961,425 1
New
York,
.
March
2,
1948..,
.
•
,
:
-
.
&
CO.
4'*.
Reserves"
For
estimated
out. of
For-
additional
costs
arising
wall
,4
replacement
of
properties^
,
26,300,000.
cellaaeous..- expenses
of
"Reserves
-
.
Assets:
Over.,'
a
.
Liabilities
,,2^,.:
The foregoing has been prepared, and is distributed solely for the
of furnishing financial and statistical information. It is not
representation, prospectus, communication or circular in connection
with-any present on future sale or 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 approxi¬
mate.
{'U. S. Steel" refers to-the parent corporation, its subsidiaries,
or both,, as
required by the context.
j
purpose
For.insurance,; contingencies and, mis-
;■
•
•
of
excess
4
■
,
Long-Term
,
,
Less .Current
in
generally accepted accounting principle heretofore followed of making
provision for depreciation on the original, cost of facilities. ;
,
4
were
Total
in
.
,".4-'
4
/
arising
-'24,515; 701
Securities., Set
4 Fbr property ,additions and- replacements
Ex-cess
^
the
production, the corporation has. included in costs addi¬
tional- depreciation, of. $26,300,000. (as. indicated in the notes, to the
accounts)
21,534,322"
,
Stated
United
,629,078,938
estimated1
^losses
■:
and exhaus¬
power
/During;
replacement
'
10.6,557,221
114,224,696
in current dollars
the same, purchasing
*
and
values
gross
consolidated*
the
upon
years,
losses.
this
to
cldnery, ,plants and.mines),,U S* Steel in 1947 increased
>its provision for wear and exhaustion from $87.7 million
based on original cost to $114.0 million, or by 30
per
an
The
the
in
accounts.
:
,
tion in
Valuation.
based
self-insurers of their assets against
services
a
Total
Steel's inventories,, for the most part, are priced in 1940
.cent.. This
property additions and replacements.
expenditures planned for property
to approximately $350 million.
Wades-anfjr,Salaries. Wages and salaries for
Of
68,739,174
$140
additional costs arising out of war,; provided,
$2,540,618 was used in 1947 to cover the higher
inventories depleted during the war.
This charge
credit
are
included
in
the
consolidated
statement
war
for,,absorb^
68,739,174
segrc-
of
replacing
offsetting
related
//"'a;
was
balance
the
-dollars.
,
of
Insurance
Provided.: for
adjustments
Debt
Estimated,'^ Federal
for
last-in, first-out
method of determining the cost of its major classifica¬
tions of inventories for the average cost method
previa
ously. used when, prices, .were relatively
stabler In 19.42
and 1947, as it became practicable to do so, this method
was
and
for -Estimated
adequate
!,
In
Replacements.
securities
the
of
or
of' income.
704,461,181
..
" and
Term
,
most
Steel in
for
and
to
reserve for.-estimated
and
4 589.606,301
4t_4i.*44;v
exceas
been- com¬
the
operations
the
9,120,897
Strike' costs
Interest
acceptable method yet developed
recording in costs purchasing power equivalent to that
originally expended.
It became a generally accepted
accounting practice,, legislatively recognized for tax pur¬
poses, many years after the heavy inventory losses ex¬
perienced following, World War I—a previous, period of
marked price;'changes.,..
4I4 v',C"
: ,v: /I;;. y *4;/
''44 /•/•-■)
-
added
was
future
periods, and does not
replacement;y&lue.
'4'
:
- -
of
.
of
Reserve
;in Prior Years, less associated Fed-
:
v
ing current costs of employment and purchases—what¬
the price change—in the cost of products currently
is
Equipment
statement
'
Wkr"Costs Included Herein
.
ever
It
and
portion
y~
Facilities
replacement cost:
cover
and
not
1947,'; additional
from
realizable
a
84^,915,356
,
has
replacements, amounted
-
15,986,855
10,402,279-
114,045,483
short-term inventories is- the
This method recognizes fhieJ
tuatioris in the purchasing power of the dollar by reflect¬
Government
since,, and less
disposed of otherwise.
679,353,429'
20,663,936
Serviced
original
Added, to
C
.
sold.
and
ganization
These rising wages and
accepted
Additions
States
df" Corporations,
Revenue of the Treasury
To
Short-Term
subsequent years
Property
United
assets
set aside
31,
and
Bureau
of
1946
872,496,549
i
Exhaustion" of
tr- .Based .on
79%
(machinery, plants and mines) used up in production.Such additional amounts for replacement, required to be
spent if production is to be sustained, must be recorded
as; a cost of doing business if overstatement of profits and
dissipation of capital are to be avoided.
of:
current
and, equipment, are-carried
costs
salaries \
Producta; and.
'
that sums greater than originally expended
spent currently to replace short-term inven¬
(stocks- of goods)
and
long-term inventories
Aside
previously
solidated
1947
,f
income
Internal
for
million
than they.,
previously followed
Federal
of
at
as
$10
less,
million
$6
of
Audit
and
1941
is
1947.
1,
inventories
approximately
.
December
additions
•
..
million
from
million
$2,122,786,243 $1,496,064,326
Payments for; pensions
,
r
be
determining the cost o£
last-in, first-out method.
$15
goted
903,562,764
;■*!
mean
for
Bureau
Set
during the
Social Security taxes
^
1947, U. S. Steel
had to add $77 million to the amounts estimated initially.;
The amount necessary to complete all authorizations for
additions to and replacements of facilities, including the
$77 million, was $350 million at December 31, 1947. ; • :
tories
by
.
'
costs
Wages- and
.
•4'
'
of facilities under way at December 31,
must
returns
the'
v
prices that
V-V
at January
.as
principle,
are
Revenue,
and certain
relatively
small items for the
years
1935 through 1940 have not been finally
agreed upon with the taxing authorities.
It is believed that reason¬
able
provision* has- been made for any additional *taxes which may '
be levied.
;
"'4 '
.. :
•
' 4
.
:: \
Employment
upward the amounts initially estimated to com¬
plete projects under way. Thus merely tnmeet the in¬
crease in construction costs since original authorizations
prices
such
of
Income.
on
pleted'
It Is the
INCOME
4
Sold___i_„_4,-H-.
Services
Costs
upward* trend of such costs, it is necessary continuously
—
inventory items
to
to revise
Recording These Increases
Taxes
profits tax
«
k
other
extension
have been under the average cost method
respect to those particular inventories.
with
Knowing costs
and. exchange
to
this
of
31, 1947, affected thereby
income fbr the year 1947
would
Construction costs continue to advance. Because of the-
;
the last-in, first-out method
represents* that
Products
.
ACCOUNTS
and
'
4>='4.//
1947
.
TO
less,
toe walk; in step with
are
'
/*'/.5 War Years^ \ 1940
post of Construction
4, ; 18%
,
43%
result
a
December
part,
accompanying chart,, has been, as follows;
4/ 4/V■ S, .„■*■'>}r;-:'V,-;.'44;1
As
te/i
thing.
competitive
dollar.
CONSOLIDATED
71 per
,
waa applied to major classifications of. inventories
producing- subsidiaries.
This method was extended to certain
other subsidiaries .and
Al¬
/y:;/•<; •.'^44:■ ;/4,>
not the
are
,
the depreciation of the
expenditure of $25,250,000; to expand capacity, is
y..
NOTES
V'\/'y;.V.-;
products- and; servicea in the end;
4
currently r estimated to have a final cost of $43,220,000,;
or
costs
of -real
determines
,
'
determined
plants and; facilities continues to. increase. For example',,
a new cold reduced sheet mill,
authorized late in 1945
at.
','4
arid, covering
250
replacing
Respondent.
of real costs are-not the end of the story.
124
Brick Construction
r
of Internal Revenue,
50
;
Rolling; Mill
"
<
t
'
459,383,536
$1,510,760,179 $1,454,573,781
gained) recognition* early in 1947 in a Tax
Hutzler Brothers Company, Petitioner
numbers
index
84
Large Electric Motor
'
Cost-Price* Balance—The discovery and measurement
f
of
1947),
Inventories. Beginning in 1941 and 1942,
;
44
'—
,
'
Total:'
steel
sustained'-,production.
150
~
Mine Locomotive Ll-d
in
*
*'
38.351,643
determining costs
of
use
idly by and witness the unwitting liquidation
of its business should inadequate recording of costs result
in insufficleiit resources to supply the tools required for
105
!addition
$56,186,398
•'
'
in
'
than to sit-
108
reinvested
business
•
Steel believed
.:
of
$652,743,900
in
stated", amount;
less
cost of. treasury stock
,
$360,281,100
$360,281,100
1,150,479,079,. 1,094,292,681
per
excess
Dec. 31,1946
.
par
shares)
$75
share
recognition to.- these increased* replacement costs rather
'91
105
(8,703,252
capital,
of
The
;4'4 i'-v
;-?■ 4
cumulative,
(3,602,811" shares*—^—
stock
Capital
;
While awaiting accounting and tax acceptance, U. S.
that it was prudent for it to give some
4
Machine
$100
4
7%
for
Commissioner
tories-.
1947 Over 1940 /U
Standard Electric Crane
...
value
Stated
though this case deals only with, costing, short-term in¬
ventories, the principles set forth are just as applicable
to costing the- wear and exhaustion of long-term invent
Per Cent Increase >
V
stock,
Common
Court decision in
v.
V-'V/:/'.;.
Preferred
of
exhaustion,
cost purposes
ally identical facilities acquired by U. S. Steel in. 1940
and 1947, gives specif ic indication of how such costs have -
►
arid
wear
price spiral; Merely to replace the tools of production
(machinery, plants and mines) as they wear out requires,
at present prices,
an- annual' expenditure very muchgreater than, the depreciation recovered on the basis of
their original' cost. The following table, based on virtu-'
increased:
Evidenced', By
*
determined partly
was,
POSITION— (Concl.)
FINANCIAL
OF
Dec. 31,1947
Ownership
through experienced
cost increases and partly through study of construction
cost index- numbers.
Although, it is materially less than
the experienced cost increase in, replacing worn-out
facilities, it was deemed appropriate in view, of the new¬
ness of the application of this
principle to the costing of
130
93
cent increase in the provision for wear and
per
exhaustion
-
75
58
28
..
91
32'
7
___
71
89
36
22
Oil
Coke
.
The 30
v
December 1947
62 '/V.
77
96.
STATEMENT
power
-
1947
54
69
27';.
8
Scrap
u.
30
—2
_
Tin;
,
31 '
24
.
purchasing;
Income
Over 1940
Centi: Increases
Per
,)■;
t
CONSOLIDATED
business is to
a
the
Since 1940, it has been U. St
increase in hourly earnings
shortly by a
of products
If
,
prices, for the tnings U. S. Steel
into higher
translated
and
$1,510,760,179 $1,454,573,731.
account entitled *"earne<t surplus, since (September 1946J.......
the
corporation no- longer has any subsidiaries engaged -in
electric operations the corporation plans,
subject torr the- necessary
issue of $5,500,000
(third
of serial equipment trust certi¬
1948 series)
"
1
,
Proceeds from sale of the proposed issue will be applied toward pur¬
chase
of
1,000
all-steel
hopper
Co. *-4- Bonds
Placed
Privately-—Company has borrowed $1,350,000 from The
Mutual Life
itol
Life
Co.
The loan
Power
Co. of New York and the
Insurance
Insurance
March 23.
in
Fuel &
of
it
Denver,
Cap¬
announced
was
in the form of 3Y4% bonds due
was
1978, of which $1,275,000 was purchased by The Mu¬
Life and the remainder by the Denver Insurance
tual
company,
Proceeds will be Used to repay bank loans and
for. construction work.—V. 82, p. 1381.
and
liability
16
authorized
the
the
as
to assume
company
Co.
—-——
_
L. F: Rothschild & Co.—
Salomon Bros. St Hutzler
Wertheim
A,
preferred and common stock have been: notified that
plan of reorganization, as .. amended; has been;
confirmed, by an order of the Court, dated Dec. 22, 1947. Pursuant to :
further order of the Court, dated March 19, 1948, the plan will be
consummated on March 31, 1948, and distribution of the hew securities,
as provided in said plan, will commence ou'April 1, 1948.
'
'
Under the terms of the plan, which are now binding on all stock¬
holders, the presently outstanding preferred stock,- common stock, andscrip. will, be exchangeable as follows:
For each share-of outstanding 7%
preferred stock, one share of
new
5xk% preferred stock ($loo par value) plus 12 shares of new
revised
1
•
mon
Court
The
with
the
has
directed
the
reorganized
R.
Shields & Company—
167, p. 647.
Two other bids, each naming a 3 Vi %
the sale.
They were:
Morgan Stanley &
to
104.95
April
1,
1,
1^4.4
LISTING—Corporation
the New
York
CAPITALIZATION
i':
coupon,
Co.,
were
100.1499;
due April
1948;
and
thereafter
will
Stock
1,
at
1973.
prices
GIVING
make
application
Exchange.
EFFECT
TO
*
V/»%
serial
to
1948
3H%
3l/<%
1956
due
Sept.
preference
E.
of
has
E.
300,000
300,000
E.
decreasing
list
to
the
PRESENT
shares
($100
connection
gas
with
purchased
the
the
for
storage,
or
more.
in
new
September
issues
1946,
of
deben¬
the
corpo¬
ration retired all its outstanding securities senior to its common
The corporation thus became a company with a single out¬
standing class of stock, namely common stock.
(c) The corporation took the final steps to complete an account¬
ing? reorganization, begun in 1938, which had among their results
<i) the restatement of the corporation's investments in its subsidiary
companies at their underlying book het worth,
(ii)
the
transfer
ofv $110,068,866.
fronj the corporation's capital surplus to* its com¬
that
the
Dabney
St
100,000
__i
St
Co.
Corp.,
100,000
100,000
■/,,
Okla.—Files
Muskogee,
with the
SEC
shares of common stock to be offered at $20 each.
Proceeds will be used for operating expenses and indebtedness.—V. 167,
p. 543.
:
1
■
company
for 14,975
March
on
filed
15
The
letter
a
of
notification
Corp.—Weekly Output—
electric energy of subsidiaries
general business conditions of
served for the week ended March 18, 1948, amounted to
324,335,547 as compared with 297,645,331 for the corresponding week
in 1947, an increase of 26,690,216 or 8.97%.—V. 167, p. 1255.
of
.
Interest
Dividends
corporation
adjusted
to
stated
value
of
the
corporation's
1,200,000
69,364,974
4,572,224
1,827,527
56,873,560
3,835,782
645,570
94,228*097
1,250,026
assoc.
777,968
81,982,037
14,7^8,923
716,450
;
717,850
5,449*560
preferred stock———*.—
on
10,187,219
84,000
140,625
744,216
———-
—
past service annuity premiums™
9,048,137
579,185
616,76$
33,600,000
15,000,000
57,248,620
19,604,77$
26,681,570
32,900,000
15,000,000
63,155,620
24,328,425
33,252,425
($20 par value)——_—_*—
stock
Capital surplus
Earned
—__**——
*
surplus
*
——*
Total
————
-—-
__*—*—*
-
show
Inc.—Output—
Consolidated Edison Co. of New York,
The
company
March 24 announced that System output of elec¬
generated
and
purchased)
for
the .week
ended
1948, amounted to 217,200,000 kwh., compared with 203,kwh. for the corresponding .week of 1947, an increase1 of
21,
000,000
7.0%.
Local
compared
year,
on
(electricity
an
distribution* of
with
194,000,000
206,830,190 183,853,720
$1,057,115 in 1947 and $934,076 in 1946. , tAfter
of $313,457 in ,1947 and $296,163 in 1946*
{After reserve for depreciation and depletion of $52,808,623 in 1947 ano$50,494,472 in 1946.—V. 167, p. 1256.
"After
of
reserve
for
reserve
obsolescence
Coplay
Pa.—Lerner
Coplay*
Co.,
Mfg.
Cement
Board of Directors—
C.
Louis
Lerner
of
Lerner
and
investment bankers
St. Co.,
Victoria Gypsum Co.,
the
Ltd. of Halifax, Nova Scotia.
Birmingham, Ala.—Bonds
The company, it was recently an¬
nounced, has placed privately with insurance companiesat par, $14,000,000 4% sinking fund 1st mortgage bondsDated Jan. 1, 1948; due Jan. 1, 1968.
Privately
Placed
The
the
of
names
has
each
—
insurance
companies
and
the
amounts
Placement—
In ortfer to finance improvements to leasehold, properties
and installations of new fixtures and
equipment, the
with, the
$500,000,
effective April 1, 1948, with an option for up to $500,000
additional on or before April 1, 1949.
The loan is to
be repaid in
annual installments, with a maximum
maturity of ten years.company
Mutual
has
Life
negotiated
Insurance
a
long-term
Co. of
loan
New York
for
Amount
Metropolitan Life Insurance Co—
The Mutual Life Insurance Co. of New York
The
Mutual Benefit Life Insurance
Offering—A secondary offernig of 15,853
stock (par $1) was made March 23
by Shields & Co. and Daniel F. Rice & Co., at $11.75
a
share.
Discount to dealers, 60 cents a. share.
The
issue was oversubscribed.—V. 167, p. 1148.
Secondary
of
common
Continental
Can
Eggerss, President,
Co.; Inc.—Annual Report—Hans A.
March 8 said in park
on
Sales for 1947 were at an all-time high for
the company, amounting
to $266,431,629 compared with $212,924,315
In 1946.
payment of all expenses including provision for Income
ts^es of $7,750,000, were $12,809,543 or 4.8% on sales. This compared
l-ruujs
with
aner
$6,162,944 of profit in 1946, after provision, of $3,600,000 for in¬
taxes, or 2.9% on sales.'From this it will be noted that the
of profit on, sales showed an improvement..
Before taxes, the
profit margin in 1947 was 7.7% on sales compared with 4.6% in 1946".
After payment of preferred dividends and provision for income taxes.
come
marsrin
Co..—
The Connecticut Mutual Life Insurance
Modern
$8,000,000
——_—*
a
—
—
Co.——!—-
Lutherans————*—*_—
Common Stock Offered at
The
—
Woodmen of America—--*—.—-———<-*—-
Aid Association for
company
$50
per
2,000,000
1,500,000
1,000,000
500,000?
500,000
500,000
Share—
its directors and
commissions or other remuneration therefor,
stock (par $50). The stock is offered as
is selling directly and solely through
no
shares of common
speculation.
-
COMPANY & BUSINESS—Company was organized
in Alabama March'
18, 1946.
Company was'organized (primarily to carry out th^< enteric
prise of building and operating a mill for the manufacture of news-*
print from southern pine.
The founding and organization of ; the
enterprise is due mainly to efforts of members of the Southern Newst-^
paper
Association
Publishers
citizens
known
Committee."
as
The
the
and
group- of Alabama
County War Plants Conversion
Publishers Association has„
members of a
"Talladega
Southern
Newspaper
maintained & standing committee known as the "Newsprint
of the Southern Newspaper Publishers Association',*:
of several years, made invests
gations of various sites in the Southeast and made efforts to organize
and further the establishment of such a mill.
The Talladega Countyt
War Plants Conversion Committee was a group of Alabama citizens-,
formed during World War II, for the purpose of finding a peacetime
use
for the war plants then being operated by the United States to.
Talladega County, Ala. This committee raised funds to provide forengineering studies and other efforts to this end and came to the
conclusion that certain facilities of the Alabama Ordnance Works,,*
war plaint
then manufacturing smokeless powder and explosives near
Childersburg, Ala., could be utilized in connection with the establish^ment of a mill for the manufacture of newsprint and other pulpwood
products.. in 1946 the members of these two groups combined their
efforts to establish a mill at the Alabama Ordnance Works site:
Shortly after its organization, the company began negotiations ta
acquire parti of the facilities of the Alabama Ordnance Works plant.
In May, 1946, an offer.was made to the War Assets Administration
to purchase certain
of the facilities; however, the property at the
Alabama Ordnance Works was not released as surplus to the War
since 1931,
Committee
Mills
and
shares
which,
purchased are as follows:
^officers, who receive
Consolidated Retail Stores, Inc.—Private
.
of Boston,
Coosa River Newsprint Co.,
electricity amounted to 202,300,000 kwh.,
for the corresponding week of last
167, Pv 1256.
on
>
Mass., has been elected a director, and will serve on the board until
April 1950.
'
He is also a
director of Ralston Steel Car Co., Columbus, Ohiop*
kwh.
increase of 4.3% .—V.
85,750
140,625
921,14$
9,136,046
*—■
-
——————
on 3%
sink. fund, deben. (less expenses)
sink, fund deben., due 1965 (non-current)*
Pfd. stock (issued 150,000 shs. of no par value)
3%
Massachusetts Mutual Life Insurance Co,—**—■*.
tricity
1,338,598
16,605,602
territory
March
1,760,737
"'
debentures
for
Reserves
weekly kilowatt hour output of
this
on
Liability
100.000
—*—_
.
Finance
1,200,000
taxes
payable & accrued expenses—-*——
sinking fund deben. St prem. thereon pay¬
able Nov. 30, 1947—
*:—:
———
Tax liability
—
—
100,000
:
.
advances to
in St net
,
'
$■'■■■
11,535,34$
10,025,000
14,524,68$
Wheelock & Cummins,
Yarnall
will
stock.
so
100,000
—
150,000
*
1255.
——
receivable—__,—*—*--*:
LIABILITIES—
278,829
proceeds-of
sold
Townsend,
Tyson
100,000
Co.—*—
Woodard-Elwood St Co._
p.
$
11,684*839
4,-030,748
18,026,185
1946
3%
100,000
Harold E. Wood ~&T Co~I
167,
securities,, at cost
notes
St
.
t
'
1947
.*'■*.
Government
'■/.
.
Wholly Owned Subsidiaries)
.
100,000
Co.
150,000
The
program,
Corporation disposed of all of the securities of subsidiary com¬
panies
(except the corporation's investment in Bridge Gas Co., a
company
of minor importance)
and
all of the other investments
which
the SEC
required to
dispose.
Among
the most important
subsidiaries disposed of were the combined gas and electric companies
serving the Cincinnati and Dayton areas.
As a result of this action
the corporation ceased to have any subsidiaries engaged in electric
operations.
'
*
(b) With the proceeds of these sales of securities of subsidiaries
and
&
150,000
Burge & Kraus_
S.-
Common
—
200,000
Commercial
12,229,874 shs.
(a)
account,
200,000
200,000
—V.
par) preferred
Corporation
is
its program of compliance with the Public
Act, the corporation consummated a num¬
ber of important transactions affecting its business and its financial
structure, including the following:
$97,500,000
St
Sutro
200,000
45,000,000
30,000,000 shs.
Iin 1946, in completing
Utility Holding Company
investments
.■_*
,
Corp.. (Del.).
The corporation's subsidiary companies or the
predecessors of such
companies have generally been engaged in the gas utility business
years
Co.
100,000
100,000
100,000
Schmidt, Poole & Co.—_
.Scott & Stringfellow—
Commonwealth & Southern
,
40
St
Co.
77,500,000
and Ohio Fuel
other
200,000
deben¬
AND BUSINESS—Corporation
was
organized in Dela¬
30, 1926, for tile purpose of effecting a' consolidation *
or-merger of the systems of Columbia Gas & Electric Co.
(W. Va.)
aggregating
200,000
Boettcher & Co
Gas
for
Co.—_
Rand
Northwest
Ball,
to
Sept.
businesses
100,000
Kidder
——
(Including
;
"
SHEET DEC. 31
Prem,
Miller &
C.
Wurts, Dulles St Co.Baker, Watts St Co
HISTORY
ami- related
R.
Minsch, Monell St Co.—
Mullaney, Ross St Co
The Robinson-Humphrey
FINANCING
45,000,000
in
&
Heller, Bruce St Co
$18,000,000
1,125,994
expenditures
W.
200,000
200,000
& Boyce
CONSOLIDATED BALANCE
Accounts
100,000
With SEC—
stocks,
that
St Marshall—*
Perrin, West St Winslow,
Co.
5,690,292
$1.86
• 5,699,283
share*—,
$3.88
,
Stix
440,625
2,855,050
Total———————————206,830;190 183,853,720
Grubbs, ^cott St Co
100,000
Johnson, Lane, Space St
Co., In'q. *
.J
( 100,000
Kay, Richards St Co..
100,000
Kirkpatrick-Pettis Co.
100,000
Mason, Moran St Co
100,000
200,000
562,500
2,860,935
,
'
.
companies
Invest, in sub, eo.. not wholly owned, at cost—
Deposits with mutual insurance companies—{Property, plant'& equipment——
—
Prepaid expenses and deferred assets^
—
100,000
300,000
Schwabacher & Co.—
.
100,000.
Foster
Fahey, Clark & Co
•
:"
.
hand & at banks—*
Invests,
100,000
300,000
Pacific
&
562,500 "
3,873,571
/.
100,000
Co.—
300,000
1,557,421
5,767,560
5,256,172
$1.96
-
deducting.proportionate amount of premium.
ASSETS—
100,000
250,000
M.
——
.6,162,944
—r
12,809,543
——
1
100,000
Co.—
1,028,872
3,742,57$
profits taxes—
per common
"After
•r\■_ l
100,000
Co.——
St
300,000
250,000
A.
f;
Cunningham St Co.,
:
St
excess
101,231
1,027,122
3,600,000
&
Earnings,
100,000
300,000
for
"
100,000
J*
Curtiss, House St Co.—
Corp
Legg & Co.—
Mackubin,
•
286,28*
110,636
1,006,122
"Accounts
Davenport & Co.***—.
300,000
542,657
^
7,750,000
Claim for refund of prior years exc* prof,
tlnvehtories at the lower cost or market
300,600
300,000
debentures
3%
divs.
U.
300,000
St Co.
-
189,732
—i.
*
100,000
St
American
Swiss
Redeemable
77,500,000
—*_*
Including the. cost of net additional
amount to approximately $53,500,000.
mon-stock
&
350,801
interest
on $3.75 pref; Stock— paid on common stock—
depl. provided above on
properties and equipment-
Cash
Deprec*
Cash on
:
—
Inc
Newton St Co.—
M.
Thomas
,
of
Clark
W.
Parker
—1
Co.,
Riter St Co.———
Outstanding
—
authorized
Columbia
estimated
tures,
St
Julien Collins
System during 1948 and, to the extent
available, during .subsequent years, Columbia Gas System began a
major construction program in .1946 and made sizable expenditures
ipvconnection therewith during the years 1946 rand 1947.
For 1948,
and
S. K.
R. L. Day St Co
R. S. Dickson St Co., Inc.
The Illinois; Co
PURPOSE—The net proceeds Will be added to the general funds
of the corporation and will be used in connection with the construction
ware
Courts
375,000
Cooley & Co.——
but none are outstanding.
recommending to shareholders that they adopt, at their annual meet-'
ing- in April, 1948, an amendment to the certificate of incorporation
Which, among other things, will eliminate such authorized preferred and
preference stocks.
is
375,000
Co., Inc.——
Redpath
Dr72,l72
438*468
& investments
secur,
100,000
& Co
—
Co.__*—_
Auchincloss,
at
Halsey,
Authorized
(no par)———*—
•Corporation
it-
Ohio
Burr
1,
——
debentures due 1971—
debentures due 1973
program
375,000
received
and
$20,000,000
debentures,
Common stock
and
Chace, Whiteside, Warren
St Sears, Inc
Chaplin & Co
.
C. C. Collings St Co., Inc.
375,000
Kean, Taylor St Co
after April
or
on
650,000
Weeden St
1, 1972.
The debentures will have the benefit
of a
sinking fund designed to retire $1,500,000 of the; issue each
year commencing 1952.
In the aggregate such payments will amount
to $31,500,000, or 70%
of the issue.
1
:
tures
Caldwell, Phillips Co.—
Stein Bros.
Stuart St Co. Inc., 99.6699.
Debentures are dated April
on
650,000
450,000
11,440,892
877,600
560,921
1,195,358
Divs. declared
-
100,000
Biddle, Whelen
Byrd Brothers
Inc.—.
9,111,381
19,822,478
—
assets
income——.
Net
150,00$
Bradford St Co.—
J.
St Sons—
The
Provision
:
150,000
150,000!
Geo. G. Applegate—
650,000
650,000/
William Blair St Co.—
prising 103 investment iirms headed by The First Boston
Corp. on March 25 offered to the public $45,000,000 3%%
debentures due 1973 at .101%'-.and accrued interest to
yield 3.18% to maturity.
The issue was awarded to the
group in competitive bidding bn March 23 on a bid of
/•.y-i.V'..;
Co.—
Walker & Co.—
G. H.
on
on
150*000,
& Co.,
——!
Walter Stokes St Co.—C.
12,645,726
112,811
Nicolaus
650,000
'
107,672
—*_*—*—_—j*—*_*__': 21,755,397 f i10,900,702 *12,197,662
"Interest
!
Inc.
' 650,000
24,199,42$
13,239,530
Provision for income taxes™—
150,000
Staats Co.—
Starkweather St
Stifel;
Alex. Brown
Total
i
,150,000
650,000
>
Divs. & int.
.150*000
650,000
Pomeroy,
v
& Co.*—
William .R.
—__
Columbia Gas & Electric Corp. — $45,000,006; Deben¬
Offered—A nationwide underwriting gToup com¬
100.5599.
Masten
McJunkin, Patton & Co.
Nashville Securities Co.*
)
22,458,583
13,214,073
216,364
299,093
Net operating income—
,
150,000
150,000
150,000
150(000
E.
——
Laurence M. Marks. & Co
tures
100
—
Haupt St Co.—
A.
'
.
admin.
—
Net profit on sales of capital
&
securities
150,000
-—*
Reinholdt St Gardner*-*
—
Transmittal."—V.
Ira
v
1945
33,252,915
——
&
gen.
expenses —
Prov. for doubtful notes St accounts
150,000
150,000
150,000
1,250,000
1,250,000
Reynolds St Co.—
Schoelikopf, Hutton St
of
Gross operating profit
.
Interest & exchange
Johnston, Lemon & Co.j
'
,
&
SellingK advertising,
are
1,250,000.
Gregory & Son,-Inc..
.
"Letter of
Lord
Graham* Parsons St Co.
.
V"
—
Peters,. Write* St Chris-'
tensen, Inc.———
Baker, Weeks St Harden
representing dividends which will have accrued thereon for the period
from Oct. 1, 1947 to March 31, 1948, as provided in the plan.
j V
In order to receive the new securities of the corporation and theaccrued new preferred stock dividend above referred to, the certificates
for; preferred or common stock or scrip certificates now held by the
stockholders should be delivered or mailed by registered piail to the
company, 200 Fifth Ave., New York 10, N. Y., accompanied by
a
at
W. Pressprich &Co._
Estabrook &. Co
simultaneously
company,;
1,725,000
1,725,000
1,725,000
1,500,000
1,250,000
Inc.-_1^„ 1,250,000'
Burr, Inc.—1,250,000
Hornblower & Weeks_.lv
the new preferred stock in exchange for old
preferred stoclt upon surrender thereof; to pay to the person or
persons in whose name or names the new preferred stock is to be
registered, a sum equal to $2.75 per share of new preferred stock,
delivery
*,—
St Merle-Smith____
Coffin &
certificate of fractional scrip for old common
certificate of new fractional scrip for new com-
an equivalent
stock.
Co._
St
YEARS
$
g*
J'.'
operating revenues— 266,431,629 212,924,315 206,071,251.
Cost of goods sold St oper. expenses 233,178,714
190,465,732 181,871,822
and
150,000
Farwell, Chapman & Co;
The First Cleveland Corp.
Grapbery, Marache &
Phelps, Fenn & Co.
For each outstanding
stock,
1,725,000
Blair St Co.;
par value, one
1
Dain St Co.—
M.
CALENDAR
•
•
Net sales
Clement A. Evans & Co.,
Allyn & Co., Inc._ 1,500,000
C.
Dick
,
without
J.
FOR
'
Sullivan & Co.* $150,000
1,725,000
Hallgarten & Co.
: 1,500,000
Lee Higginson. Corp.*—1,500,<MK)
The holders of
stock. <$i par
value);;
For each share of outstanding common stock
share of new common stock !$1 par value);
Bos worth,
INCOME ACCOUNT
(Including Wholly Owned Subsidiary Companies)
1947
'
; 1946
'
Other income St
Ladenburg, Thalmann St
Childs Co.; N. Y.—-To Consummate Plan on March 31—
CONSOLIDATED
follows:
Eastman, Dillon. St Co.—
,
common
amounts
principal
respective
each principal underwriter,
of
debentures underwritten
of
name
Eeair, Stearns St Co.—Li- 1,725,000
obligation,
in respect of not exceeding $7,230,000 2»/4% equipment
certificates,. to be issue by the First National Bank of- Chicago,
as
trustee, and sold at 99.29 and accrued dividends in (connection
with the procurement of certain equipment.—-V. 167, p. 1148.
trustee's
metal cans and the- latter for fibre drums. In
addition, a plant at."
Hayward, Calif.; was purchased in January, 1948 to^ provide increasedr
facilities for repairing and rebuilding machinery leased to customers'
for closing metal cans.
'
After purchasing the assets of Hummel-Ross Fibre Corp. in the early,
part of 1947, the. facilities of Filer Fibre; Co., a subsidiary of con-j,
tinental Can Co., Inc., were no longer required and therefore its assets
were sold during the year. Thfe
company also-sold the capital stockiofanother subsidiary, Nashville Corrugated box
Co., a manufacturer,»offibre shipping boxes.
System
The First Boston Corp.-$2,300,000
trust.
the
,
New
the
Gas
UNDERWRITERS—The
provide about $775,000
Chicago Burlington & Quincy RR.—-Equipment Trusts
The ICC "«on March
by
Columbia
$6,969,320.
Proposed certificates
will
be
dated April
15, 1948, and mature
serially in equal annual, installments from April 15, 194$ to April 15,
1958
both inclusive, and will be guaranteed as to principal and divi¬
dends by the company.—V. 167, p, 1255.
Light,
1947 as against $1.96. tor. each of 2,862,'431 shares held- by
32,000 holders, on,Dec< 31, 1946.
'
plants are now. under construction at -Portland,: Ore., and at
North Tonawanda, N/Y., the former to be used for, the manufacture of*
about
"The Columbia Gas
name ,to
its
have indebtedness
at
Cheyenne
change
to
corporation.; Certain of the subsidiary companies,
outstanding, all of which is held by, the corporation..
distributes and sells natural gas in 1,210
communities to approximately 1,000,000 residential, commercial, and
Industrial customers.
Gas is also sold at wholesale to other public,
utilities which, in turn, sell it to their residential, commercial,, and
industrial
customers numbering approximately- 800,000..
The popu¬
lation of the total area thus served by the System is approximately
7,000,000.
Of the total amount of gas sold during-the year 1947,
approximately 51.4% was sold in Ohio, 18.9% in Pennsylvania, 15.2%]
in West Virginia,'5.4%
in Kentucky, 5.9% in Maryland (including
gas sold at
wholesale for distribution in Washington, D. C.), 2.5%
in
New York and
0.7% • in Virginia.
-The
System is
an
interconnected
unit operating, approximately
30,000 miles .of gas transmission distribution and field gathering pipe,
lines, 122 gas compressor stations, with a. total of 233,900 horsepower,
12 liqueiied petroleum ga& plants,' 19 underground storage reservoirs,
and
9,645. gas wells
(including storage wells).
In connection, with
its-gas utility business, the System also conducts gasoline and oil
operations and has 19 gasoline extraction plants and 1,997 oil wells.
500
cars,
owned
are
50-ton
all-steel
gondola cars, 200 50-ton all-steel boxcars and two 1,000 horsepower
switching locomotives. Aggregate cost of the equipment is estimated
70-ton
stockholders,
lis
Systems, Inc."
-The corporation has 20 subsidiary companies .(including Columbia
Engineering
Corp.,
the
System service
company,
but ex^uriing
Lriage Gas Co.
referred to above)
which are controlled through
ownership of their voting securities./ Except for a few shares of
common
stock of four of-the subsidiaries,, all of the capital stocks,
(Continued from page 2)
ficates.
the end of
As
of
were- equivalent to $3.88- for
each of the- 3,157,781. common
owned:by, the company's approximately 32,500 stockholders at
shares
;
surplus
vote
Monday; Mtefr; 29, 1948,
profits
the- creation, of < a*, new
share, and;, (Hi)
stock: became* $10 per
common
General Corporation and
Investment News
CHRONICLE
FINANCIAL
&
THE COMMERCIAL
(1362)
that
Assets
committee has, over a period
Administration
bv the War Department
and is at present being
'Volume
&
FINANCIAL
CHRONICLE
stand-by plant.Accordingly; negotiations were begun ; estate and securities, at cost, $40,813; prepaid expenses and deferred
charges, $291,255; trade routes and other intangible assets, $1; total,
the lease of such facilities at such plant
$16,598',165.
' s
a
lease was entered into between the Secretary ^of
.A •
.Y.;A, ''-v;A
War and the company whereby a site for the .plant and facilities for
/'V LIABILITIES—Accounts payable and accrued liabilities, $1,625,825;
Federal and other taxes on income, $574,854; other current liabilities
obtaining electric power, steam and water for the company's opera¬
tions became available to the company for its proposed plant.
v
(including $36,919 current, portion' oi' lung-term debt), $350,605; long-
maintained
.
with
has entered into a contract with Kimberly-Clark Corp.
supervise the construction\0f the company'?
company
i,
which the latter will
3
plant and will manage its operations.
*
Under the provisions of the lease between the Secretary of War and ,
the company for a term beginning June 30, 1947, the company has an
option to purchase, subject to certain reservations- to the Government,
approximately 615 acres of land in Talladega County, Ala., located on
the east bank of the Coosa River and adjacent to the Governmentproposed
'
j
this
$30,750 and
option
by
,
Lease.
A
"
Dividends from
capacity 'of
groundwood
will
be
sul¬
phate pulp will be bleached in a three-stage bleachery for use in news¬
print manufacture.
The remaining sulphate pulp production of ap¬
proximately 130 tons per day will be bleached in a six-stage bleachery
The
-
plans
company
approximately
;
tons
300
to construct a mill with a 'daily
of newsprint paper, 250 tons of
'
1
;V
stock
Common
first
4%
(par
$50)
'
'United
r
'
"
.>>AA '■ v;A^vaI^V'A;.
allot.
-
Advertiser
The
Belo
H.
A.
Atlanta
*
■
,.
Co.,
—
Co.__!
Journal
500
2.000
Inc
Corp.__
—V.
4.000
—__—
General
Miami
Nashville
News
Banner
Richmond
The
Publishing
Co
Tennessean
Newspapers,
Inc.
period—
shares
basis
will
of
of
from
stock
common
The shares to be purchased by
this registration statement.
in
The
•-
A
shares
being
Shares
;
/
shares
81.171
acquire
shares
62,292
registered
A
unissued
both
A
allotted
issued
USE
paid
or
scribers
purchased
be
oualifying
3
The
AA';
sinking
-
..,
;
\
12
construction.
for
publishers
for
received
and
promoters
to
expected
stock
this
V
.
"
2,500
/;
which
Corp.
Room
(EST)
Noon,
on
No.
2033,
at
registered
If
the
yet ;./A
not
sale
the
and
received
be
and
with
not
are
to
used
be
out
carry
agreed
the
when
of
enterprise.
its
determinable, it is estimated
now
will
or
which
or
held
the
for
the
from
2
Rector
Ripley
23
Co.
Purchasing, general office and
such
exact
The
•
Gross
!
.'_
issue
be
to
first
V.
a
awarded
other
Other
equipments—
Miscellaneous
Acquisition of
timber
Working capital
Contingencies
costs.
lands
_—A
;
and
P.
A.-
bid
99.4099,
of
a
interest
net
Bidding
received.
were
Traction
&
for
plans to make
Co.
the
cost
•Net
of
certificates
•t-
CONSOLIDATED
V'YaA'AA
'AAA
Net
•;
INCOME
sales
ACCOUNT
1947
,
: v
CALENDAR
FOR
shares
Detroit
of
'V
of
United
the
Dec.
last
interest
public
a
Dec.
Light
Railways
&
is
required
1948.—V.
31,
167,
Co.,
offering of
1946
1945
This
Canadian
the
1944
sales—
tion
...
'a'A
••
among
a, A " '
.'.l
Net
income
tProv.
to
Net
surp'us—
shares
Common
Dec.
3i
tEarns.
$746,687
$1,634,830
Crl60.000
$1,315,071
a
1256.
$1,315,071
$1,234,141
°
650.000
507,006
432,275
$2.52
$2.59
$2.88
oulstdg.
650.000-
com.
shr.__
$1.15
shr.
$1.40
per
$1.20
.
,
$0.75
'
Maint.
$0.62%*!
of
tin
charge.
repairs
1947
exps._
$160,000
was
$799,287
$586,033
1,330,532
1,185,755
restored
to
tingencies provided from income in
.
JAfter
1944,
deduction
of
amount
surplus
.
$465,767
from
reserve
for
inclusive.
to
preferred
shares
/.
1938
CONSOLIDATED
ASSETS—Cash
ities,
at
cost
(at
on
hand
market
BALANCE
and
in
SHEET,
bids
-
banks,
quotations,
DEC.
$1,491,246;
$10,625),
31,
1947
complete
to
Mutual
week ended March
manufactures
for
N.
the
Y.,
sale
to
and
will
trustee
receivab'e (trade), $1,849,692; other current receivables, $185,inventories of finished products,;
materials* and supplies,- $3,359,872; land; buildings, machinery,
and equipment (after allowance for depreciation and amortization of
$4^275,170,: $8,093,318; dairy cattle, $831,220; plant replacement fund *
*
.
cash,
$400,000;
noncurrent
receivables,
$23,020;; ; investment
-
in
real
31,
1947
AND
1946
owned subsidiary)
1947
"
_____—
1946
$17,247,424 $15,546,893
1,287,050
904,480
——A--■ _
288,921
434,966
guaranteed
244,075
331,925
3,846,141
stocks,—__________
3,786,640
10,643,181
;___!
stocks
interest
"
4,359,702
4,130,187
3,277,940
97,323
182,992
81,307
95,959
223,461
93,121
403,826
—
recoverable
paid
on
9,886,805
5,995,770
——
receivable not overdue—
losses
65,806
Total
Cr3,429,922 Cr2,879,334
investors.—V.
A:;
A
167,
A-
• •
p.
LIABILITIES—
'
outstanding
for
unearned
Reserve
for
taxes
Reserve
for
reinsurance funds withheld.—____
Reserve
for
non-admitted
Dividend
premiums
and
for
cost
adjusted
insurance
ation."
Corp.—Weekly Output—
ties
companies,
The
cost
of
Use
would
is
valued
4,000,000
14,961,541
;
4,000,000
15,231,869-
with requirements of
Commissioners, which
are:
net worth for stocks
market values at Dec. 1, 1947 for all
of such market values for all other
of
in
accordance
Insurance
and
excess
in
reflected
market
the
increase
values
investment
if
be $21,594,378
at
the "Reserve for Security Fluctu¬
Dec. 31,
1947 for all securities
by $205,777.
Surplus to policy¬
values
this
increment
valued at $917,347 are deposited
required by law.—V.
as
200,000
2,505,094
for amortization for eligible bonds,
over
Securities
are
Association
securities.
securities
2,465,420
2,427,060
:—
$40,983,952 $36,162,687
NOTE—Investments
other
3,212,553
-
National
$4,867,975
5,623,393
824,092
444,843
200,000
security
the
of
660,569
reinsurance——
payable Jan. 2__—
Total
.
8,202,578
1,249,131 '
______
expenses
fluctuation
Capital stock ($10 par value) ______
Surplus (including paid-in surplus)
Reserve
1948, the System input of subsidiaries
18,
$6,070,520
for
Reserve
Y\
'
losses.
Reserve
44.
".A A v'."'
•
$40,983,952 $36,162,687
———
—
were
Included
therein.
with government authori¬
167, p. 1150.
First Guardian Securities Corp.—Preferred Dividend—
to
it of
exhaust
before
2:30
of
sum
;
are
(EDST)
■<
Co.,5%
."
accepted
May 25,
at
-
-A-
prices
a - •..
must
be
1948.—V.
on
the
March
have
declared a regular dividend of 31'/2 cents per
5% cumulative convertible preferred stock,
outstanding
the
first
20.
quarter of 1948, payable
See V. 167, p. 251.
March 31
to holders of record
10.
gold bonds
$28,910
a a ;;
May
for
284 Main St.,!
1948 receive
trustee,
(EDST)
first mortgage
the
p.m.
Trust
p.m.
directors
share
to
not
t
AA
an
to
amount
exceed
A
delivered
A A
the
.
.
to
166, p., 1149.
,
Firth Carpet
sales
Co.—Annual Report-
1947 annual report to stockholders, net
net profits last year were
the highest in the company's
history. In three years approximately $1,900,000 of profits
been
reinvested in the business, one-half
of which has been
According to
the company's
and
60-year
have
*
964; Federal income tax claims, $6,153;
--raw
DEC.
underwriting syndicates
Working funds with managers-—
Reinsurance premiums payable
counts
*
AT
wholly
Co.,
—
banks
in
would
2:30
principal amount thereof.
Bonds
for
which ;tenders
and .ac-A
notes
SHEET
Deposits with
Financing—The FPC has
issue $1,000,000 first mortgage
a 1948 construction program.
sell the entire issue privately
Life Insurance Co.—V. 167,
Traders
until
the
marketable secur-i
$25,111;
BALANCE
.
Buffalo,
to
A— $14,961,541 $15,231,869
amortization.
"
Reinsurance
corporation amounted to 61,693,000 kwh., an increas of 11,022,kwh., or 21.7%, over the corresponding week of last year.—V. 167,
sufficient
.1
and private
1256.
The
1944.
applicable
—
Vigilant Insurance
and
Accrued
Ellicott Square Co. of Buffalo—Tenders Sought—_ ;
con-
6,441
Cr8,185
81,878
1,154,879
Cr78,034 Crl,154,879
747,132
727,659
620,000
A' 620,000
municipal bonds.,__——
Premiums
The
745,018-
owned
this
p.
$426,172
966,248
wholly
of
government bonds——
Common
Cash
A'.Y -AA; A'
the
stock
of
bonds
holders
000
deprec.
&
in
Electric Power & Light
For
15,638,246
$16,338,958 $16,571,339
cost adjusted for
on
Preferred
the largest issues of corporate securities in
recent years.
It has received wide distribu¬
Y' .'
bonds to
648.
49,503
$933,093
15,231,869
—__
Government bonds—______
S.
Other
,
•Include":
Annual
market
institutional
A A
Massachusetts
p.
92,216
$1,107,089
of year__
end
at
(Incl.
Foreign
?
of
is one
The company proposes
to
value
671,700
$883,590
—
ASSETS—
Eaton
authorized the company to
DrlCO.OOO
777,599
$1,014,873
—
—
surplus—,——
to
,
$211,890
65,000
(net)
declared
State and
El Paso Electric Co.—Private
$1,394,141
—___
$906,687 -'$1,634,1,30
___
per
divs., pd.
Com.
!
:_
contingencies
for
in
$172,274
or
owns
the T.
financing
carried
-
.
.
____
of
organization.
YEARS
.
Y'Y.J.•
aAA
CONSOLIDATED
approved by
lis Detroit
and
100 and accrued interest.
of
•
gain on sale of securities—
•Based
sinking fund bonds to
bonds
was
4,968,885
3,531,215
108,517
185,966
4,955,042
—410,079
417,183
—
—
•'
investments
from
Surplus
The offering price of the sinking fund
1968.
Company
$1,006,473
6,978,681
—
premiums___
incomfe/
Dividends
announced March 18 that the issue has been
outstanding success.
The issue consists of $5,000,000
the years 1950 to 1956
business
!
subsidiary not consolidated
—
in other security values,.
;
Decrease in reserve for security fluctuation—
Increase in
res.
for non-admitted reinsurance
issue of $25,000,000 of first mortgage bonds
mature in
A
$12,933,259
—
•
A
1,962,628
Decrease
to underwriters
dispose
to
p.
inclusive and $20,000,000 of 3*/2%
~
,
1946
2,519,185
tax__
a.;•„
Total
in order
to comply
with a
plan of simplification filed by American
American
30,
by
new
a
3y4%
A
31
subsidiary)
Edison
an
,$39,234,549 $35,556,354 $29,645,364 $27,054,828
37,907,673
32,704,313
25,443.086
22,347,995
Net-other deductions.—
65,377
30,443
121,110
148,043*.
Prov. for taxes on inc.512,169
1,183,924
2,764,653
3,163.018
Min. int. share in prof.
2,643
2,844
1,439
1,631
•Cost
owned
A—_______ $15,512,444 $10,969,101
Surplus at beginning of year.
of 2%% serial bonds to mature in
(Director). Neenah. Wise.: T.
Jr.
(Vice-President),
Birmingham,
Ala.;
Ernst
Neenah. Wise.; Thos. W. Martin (Director), Fir-
Marcus
Report—
FOR YEARS ENDED DEC.
wholly
Co.,
Insurance
overdue
.
Balance
of company,
Kimberly
R.
$143,561
premium reserve—
income
Income
registration
a
4,267,456
,_
John
$140,925
underwriting
rail¬
Light & Traction to Sell
1.275.000
Okla.;
2,471
$13,803
income__—
Participation'in war damage corporation—___
450,000 shares of Detroit Edison capital stock ($20 par).
parent,
ada of
Samford,
Citv,
Vigilant
in
-A
-
Net
holds under lease certain properties used in the
Co., Ltd., and certain of its subsidiaries/ All
McClellan,
the issued common shares of
the realty company are owned by the
Mahler (Director),
T. Eaton Co.,
Ltd.
Founded in 1869 in Toronto, the Eaton business
mingham, Ala.; Cola G. Parker (Director); A. G. Wakeman (Vice-.
has grown into one of the largest department store
and mail order
President), Neenah. Wise.; E. L. Widemire (Vice-President). Sylacauga,
.organizations in the world.
The business now employs over 30,000
Ala.; Alvin W. Vogtle, Jr. (Asst. Secretary), Birmingham, Ala.—V. 167,
full-time employees, and
at seasons approximately 50,000.
p. 744.
Eaton's stores
in Toronto, Montreal, Winnipeg, Halifax, Moncton,
Hamilton, Regina, Saskatoon, Caigary and Edmonton are among the
Creameries of America, Inc.—Annual Report—
principal properties
leased
by the realty company
to
the Eaton
homa
11,721
$'21-t499
;
and loss expenses
Federal
•
of
75%
the new standard-gauge
in
increase
U.
1,433.667
—
Vice-President, Birmingham, Ala.; George C. Biggers
(Director), Atlanta, Ga.; J. W. B-own, Jr. (T>-e*surer); F"gh
Comer
(Director), Sylacauga, Ala.; E. K. Gaylord (Director), Okla-
;
$146,052
379
Underwriting expenses and taxes
(T.) Eaton Realty Co., Ltd.—$25,000,000 Bonds Offered
—Dominion Securities Corp., Ltd., underwriters in Can-
AND
OFFICERS—Donald
Comer,
Chairman:
Edward
President; C. B. Hanson. Jr., Vice-President and Secretary;
Norton.
Frank
SEC
Edison
DIRECTORS
Lee
.
its
the
228,808
____
_*
86,520
$152,645
.1,429
Premiums earned
Losses
A
SEC divestment order. ' Under a
*1,244
3,589.047
:
4,182
$14,183
.
1947
statement filed with the SEC March 25.
Light is offering 450,000 shares of its holdings of 934,971
to
American
7.145,261
5,429.719
j_
_
construction
4.795
(net)
premiums written—"
Decrease
Light
outstanding
30.750
plant
68,054
$22,228
$66,125
649.
p.
Increase
5.448.722
,____
A A
$81,707
64,345
charges
167,
Net
a
on
bids
not exceeding
finance
of
capital stock will be offered at competitive bidding
according
50.000
—_
Pulp mill equipment—
Paper mill equipment—______
73,373
$10,000 A
Federal Insurance Co. (N. J.)—Annual
Net
>
American
100,000
buildings
7,245
A
RR.—Equipment Trusts
1149.
p.
its holdings of
150,000
-•
—_.
site
Mill
6,333
$18,133.
income.
income
(Incl.
Stuart & Co. Inc., bid 99.171 for 2V2S and 98.324 for 2%s.—
167.
The
600,000
Accounting
Mill
Curtiss-
President.
$1,612,713" *" $1,402,733
1,100,682
>894,374
153,670
137,924
76,000
•76,000
142,863
144,674
13,916
12,026
A
CONSOLIDATED INCOME ACCOUNT
,
to
used
be
•
Stock—
509.204
bonds during construction period
with placement of bonds—
Expenses in connection with common stock being registered
..
been
375.000
mortgage
expense
the
as
*
N. Y., up
Co.,
Detroit Edison Co.—American
484,122
.
Other expense in connection
Legal
taxes
Net. income
Inc. and Lehman
awarded $4,530,000 2V2%
$6,052,000,
-
was.
Five
Halsey,
$842,000
traveling expense..
training of personnel
Housing and other living ouarters for employees-,
on
6,333 4
•
income
Interest
2%s. Harris, Hall & Co. (Inc.) offered 98.41 and The First Boston
Corp. offered 98.301.
Salomon Bros. & "Hutzler bid 99.10 for 2V2S.
figures
Droceeds have
Other supervision and
Interest
of
continue
'
as
purposes:
Engineering, including supervision
12,031
~
12.612
income
Non-oper.
Street, New York 6,
&
were
will
issue
equipment.
2.576%.
sub¬
the
of
estimated
cost,
road
to purchase
sale of the
company's
Although
that
following
accruals-
res.
Net operating
mortgage bonds are completed, the company will have received $32,000,000
100,130
taxes
Federal
April 5.—V. 167, p. 940.
March
on
Proceeds
49.997
but
have
they
$18,000,000.
board
the
a
.
financing, together with funds
to
General
certificates, issued under the Philadelphia plan, were
immediately re-offered by the group, subject to ICC authorization, at prices td yield from 1.25% to 2.80%,
according to maturity.
'
19:799
1948
purchased)
amounts
will
1948—12 Mos.—1947
$14.9,656
13,633
revenues—
Retirem't
equipment trust certificates, Series M, maturing $151,000
semi-annually Nov. 1, 1948 to May 1, 1963, inclusive. The
8,875
and
stock
for
aggregate
being
1,
—
stock
for
the
Co.—Earnings—
1948—Month—1947
>$190,044
127,: 04
Operating
is inviting bids, for the purchase from it of $4 000,000
debentures due
1973.
Bids will be received
by
the
fund
Brothers
___
contracts
under
-
,
Denver & Rio Grande Western
;
at $50 per
Kimberly-Clark
by
of
he
1940,
2418.
p.
Period End. Jan. 31—r-
company
to
:
shares
PROCEEDS—Proceeds of
OF
common
to
cash
for in
since
Richardson, formerly Vice President of
has been elected to succeed Mr. Ward
Corp.,
Fall River Gas Works
<
stock.
common
Chairman
elected
corporation
also
issues
company
.__—_.
—.
remaining to
shares less
heretofore
are
paid
held.
Pro¬
Bids for Purchase of Bonds Asked—
■
included in the
disposed of as follows:
be
the
of
shares
four
subscrip¬
Co.
officer.
Operation
share, on
Texas Utilities
$60
and
Trust
113,645
146,193
at
:i
&
,
not
not paid for at Jan.
but
-
(50.000
Shares
will
or
—
presently subscribed,
Shares
;
been
presently outstanding and
and
A
have
been
of-the
executive
B.
has
Jr.
President,
166,
-V.
A'AAAA
33,500
are
—V.
was
granted
lo the company to issue and sell
sinking fund debentures due in 1973 as competitive
bidding.
The interest rate,. offering price and underwriting terms will *
A be filed by amendment.
Company will use the proceeds from the sale
Kimberly-Clark Corp. are not included
which
stockholders
May
Bank
Engine & Airplane Corp.—Changes in Per¬
Ward,
chief
Wright
A>
$4,000,000 25-year
of
3,000
—
outstanding
share
Shares
A
be
to
$14,316,827 > $9,894,185
the Texas Utilities Co., on March 18
to issue and sell 68,250 additional
its
to
expke
working capital.
4.000
————
—.
its
as
SEC
for each
share
new
one
the
Rights
First Camden National
for
.___———
subsidiary "of
a
Offered—Harriman
Total
r.
used
Carlton
directors.
.
6,778,366
»
J
permission
2.ono
Co.___—;
Publishing
8,874,955
648.,
p.
company,
4,000
Ine._—__—
Newspapers.
Times-Picayune
167,
received
.
500 J
—-
—$23,191,782 $16,672,551
income—
on
be
held..
shares
payable at
Maintenance
~
3,000
Co.—-—A—_—
Publishing
will
a
for
A/Permission
4-000
Co._____—______
taxes
__——--_3——
Income
The
,
500
—
Co.—.—
Publishing
Observer
<fe
——
Publishing
Oklahoma
The
Inc
Newspapers.
Herald
and Canadian
States
four
each
are
Fairchild
Dallas Power & Light, Co.—Securities Authorized—
.*
*
-
.
for
tions
ceeds
sonnel—
$14,170,634
$9,780,540
,V No. of common shares
2,562,317
2,480,649
.Earned per common share—$4.99 A
$3.33
'*
Shares ?AA A;A
"
v
Birmingham
News
Co..——....
—--2.000
Chattanooga News-Free Press Co
.__
Jt. 2,000
Courier Journal & Louisville Times Co.——
2,009
\V
v
*
.
1,500
Lawrence
following named
may
share
12,701
130,119
172,365
226,008
to banks__—
net of other income
Minority stockholders* equity in earnings, principally Pacific Mills, Ltd.___,
have entered into agreements to
company
notes payable
.
AA Net income
publishing companies, promoters of the enter¬
purchase the number or shares
of common
stock set opposite their respective names or such lesser
number of shares (but at least one-half of the stated number) as the
The
prise.
on
expenses,
Income, before taxes on income—!
!
360,000 shs.
$14,000,000
450,000 shs.
on March 17 filed a letter of notMcati'jn
with the
shares of common stock (par $100).
Stockholders of
record April 7 will be given the right'to subscribe at par for one new
company
for
J.
To Be
$14,000,000
__
SEC—
The
SEC
351,698
—
Interest
Net
v Av
v.
Ant.horf-nd
-
bonds——
mortgage
of
Oiher
CAPITAL SECURITIES
AAA
351,698"
Inc.—___
A———$114,953,807 $92,959,754 ;
goods sold
1
77,506,169
64,169,467
10,068,582
*8,365,494 *
__1
3,231,868
3,057,970
Depletion
557,033 *
551,452
Cost
long-term contract.
Under
the
management
contract with Kimberly-Clark Corp. the
company is to have the right during the term of the agreement to the
free non-exclusive use of all patents now or hereafter held by Kimberly-Clark Corp. having to do with the manufacture of either sulphate
pulp or newsprint psoer. The company has also granted tn Kimberlvdark Corp. similar rights in respect to any patents which the company
may be granted.
At the present time the company owns no patents.
•
Products
Operating expenses
_A_".
Depreciation and amortization
Kimberly-Clark Corp. under a
to
Fibreboard
3%% series, due Jan. 1, 1978 at 102.345
Total
and 200 tons of sulphate pulp. All of the groundwood pulp
used in the paper mill.
Approximately 70 tons per day of the
pulp,
for sale
7
to Dec.
—$114,225,241 $92,343,558
376,868 A
261,4J8
Sales, net of returns, discounts, etc
Other operating income, netl
_J_u-,u__—
form of deed for conveyance
a
Government
the
in
1947 the company
the Government the sum of
to the company as provided
On Oct. 27,
plant.
tendering to
Ordnance Works
Alabama
owned
exercised
*■
(1363)
;
31, 1947 sold $4,000,000 of first mortgage bonds,
(or for $4,093,800) to Metropolitan Life Insurance Co., The Travelers
Insurance Co., and The Connecticut Mutual Life Insur¬
*
ance Co. and also arranged for short term bank loans
up
term debt (noncurrent), $4,075,268;. reserve for looses on guaranteed ;
to $2,000,000 under a revolving credit with Harris Trust
bank loans, $46,925; minority interest' in "subsidiary; $7,742; capital A,
& Savings Bank of Chicago, 111., and associated banks,
stock
($1 par "value),
$550,000;. p^iid-in surplus, $^,747,060; earned
surplus, $5,519,885; total, $16,598,165.—V., 166, p. 2659.
expiring Dec. 31,, 1949, at which date the principal
amount available may be converted into a loan maturing
Crown Zellerbach Corp.l(& Subs.)—Earnings—
>
on or before Dec. 31, 1950.—V. 167, p. 153.
;;;•'r";' ■', .(Including Canadian Subsidiaries) A
\
A,f? ;AA
Nine Months Ended Jan. 31—
-iV:
'■.:
: •
1948
C 1947 ; r
Estabrook Pen Co., Camden, N. J.—Files With
a
194?
June
The
under
•
1
as
the War Department for
in
and
:
THE COMMERCIAL
Number 4685
167
Empire District Electric Co.—Places Bonds Privately
/
expended in modernization and expansion of its three plants.
Further
—Arranges Bank Loan—For the purpose of financing in
part construction expenditures 01 an estimated $9,500,-
plant modernization and expansion planned for 1948 will cost another
$1,000,000.
Production now at annual rate of $20,000,000 net sales,
or
72% above the rate for the first quarter of 1947 and 37%
above
000
the
during 1948, 1949 and 1950, the company subsequent
aggregate
rate for the year
1947.
-
-
•
A
,,,
;
8
THE COMMERCIAL
(1364)
RESULTS
YEARS
CALENDAR
FOR
SUMMARY
Vr/ :
FINANCIAL
&
SURPLUS
CONSOLIDATED
OF
1
1947
-v
% 1
1944
1945
1946
''!
'■
YEARS
CALENDAR
FOR
1947
CHRONICLE
1945
i
1946
■,
'
Monday, March 29, 1948
of
assets
the
,
constituted
opinion
the
of
sales
Net
profit
♦After
all
NOTE—Earnings
1,364,453
1,500,327
-
deducting
wholesale
per
retail discounts
ana
share
common
allowances.
Cash
BALANCE
CONDENSED
ASSETS—
Fxd.
1945
1944
$4,342,132
$4,058,131
2,347,139
1,993,'683
555,353
1,726,912
382,413
1,906,784
734,601
of res.)
(net
Miscellaneous
assets
$7,219,638
$6,451,457
—'
—
$7,610,106
LIABILITIES—
Cong-term
Reserve
for
Preferred
144,592
144,591
1,750,000
3,139,521
♦Inventories
at
of
1,822,225
915,366
$6,346,707
below
work
and
in
market
current
carried
process
prices.
t25%
of
Cash
Flintkote
it
Co.—Arranges
Loan
com¬
Other
March 23, has arranged through
Lehman Brothers for a 20-year sinking fund loan of
$6,COO,000 from the New York Life Insurance Co. at 3%
interest.
The proceeds have been added to working
V.
to
167,
be
for
used
general
346.
p.
corporate
;tir(;
A
§Net
real
authorize
to
$50
share,
per
authorized
of
3,500,000
shares
shares,
150,000
of
B.
shares
In
issuable
of
series,
.:.
stock
common
the
from
present
2,750,000
stockholders
points
in
to
that
out
sales
and
increases
$20,000,000,
ing.
The
the
substantial
in
to
has
capital.
in
Allocable
would
with
be
made,
possible
a
but
issue
any
is
work
already
convertible
a
under
way
in
an
■
•
in
$100
Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Beane, and
Piper, Jaffray & Hopwood are expected to head any public oifering
the shares.—V. 167, p. 1256.
/•' />•'..
% '
/
of
series
$3.75
Common
stock
10,855,962
22,642,527
Capital
General
Motors
Annual
Corp.—1947
Peacetime
Report
119,535
at
1,404,925
4,690,506
^
\
-
"equivalent to $6.24 per share on the average number of shares out¬
standing
during
the
year.
During
1947
General
Motors
provided
$260,814,328 for U. S. income taxes and foreign .income and excess
profits taxes—equivalent to $5.92 per share of common stock,
Net
income for
unusual
1946
amounted
conditions
providing dividends of
in
that year net
equivalent
Unit
to
of
States
1,503,046,
$87,526,311.
to
$9,782,407
strikes
stocks,
there
stock
and
with
of
passenger
shipments
G'48,690
in
to
cars
1946,
1,864,067
While
the
combined
the
of
the
total
last
"GM
five
passenger
pared
with
report
said.
1941,
in-
industry's
in
1937-1941
industry's
the
1937-1941
The
the
Net
Dec.
of
31,
1947
1941
and
in
in
with
1,930,918
the
truck
36%
sales
in
1946
1948
.
1947,
or
This
involved
program
and
facilities,
capital
$96,642,217
to
net
over
expenditures
including
amounted
after
years
'
■' l'
■
Net
:'c%v
'
sales
working
1947
$ 1
■
capital
Profit
FOR
—V.. 167,
were
38%
from
the
sale
43'%
in
of
no
/.
1947,
an
income
sales
ating
Felling,
Int.
and
other
registrar
City
the
of
and
Bank
Bank
general
end
&
of
disc,
(see special
Provision
income
profit per
share
♦Divs.
159,325,424
&
(aft.
per
Net
profits taxes—
income
credit
45,747,235
to
44,922,461%
on
of
no.
Amount
earned
common
10,775,900
$3,879,945
in
044,226,228
number
com.
per
and
57,221,741
87,526,311
1946
share
9,782,407
to
tile
Prov.
highest
dollar
--
extent
of
{
for
—
9,324,377
6,706,396
5,740,354
$1,284,101
$1,408,115
—
——
;
%
■
■/
,
$867,990
$728,689
33,296
29,935
$ 834,694
loss
Income—
$698,754
$449,407
_———______
surplus
sales of
1
—
stocks end
market
value
bonds
of
stocks
and
in
special
$709,361
7,415,693
(net).
351,517
—.
9,747,457
939,231
'
bonds
Dr873.142 Drl.735,366
reserves—
280,819
income
tax-
33,941
$6,725,480
%
$3,275,902
i
—
declared-^
L___—
28,201
480,000
480,000
$6,245,480
$7,767,701
6,745,480
8,267,701
—
at
surplus
surplus,
end
inch
of
year.
-
and
reserve,
Dec.
SHEET,
DEC.
banks
in
other
and
in
governments,
miscellaneous,
■
-
voluntary
31—
31,
1947
office, $3,393,182;. U. S. Govt, bonds,
$390,207;
municipals,
Florida,
•'
.
there
1947
was
an
unusual number of catastrophes,
Texas-Oklahoma tornado, Texas City disaster,
hurricane, Maine and New Hampshire forest
the
were
Mississippi
which the Hanover
paid
approximately
$900,000.—V.
165,
%
,
$0.52
$0.15
$0.20
of
as
—Dividends Resumed Feb. 2, 1948—
'
■
$0.73
outstanding
liabilities, $4,068,269; capital stock,
$500,000; net surplus, $6,245,480; total,
Hayes Mfg. Corp.—Advertises for "Lost" Stockholders
559,099 ;;
v
$0.40
shares
to
on
3284.
p.
other
reserve,
L
which
among
all
voluntary
.
$33,609,407.
$26,792,235
$2.54
'
for
reserve
$4,000,000:
Dec.
A
by
v
_
policy entirely new in stockholder relations has been inaugurated
this corporation in placing, for the first time in corporate history,
advertisements
31,
on
March 19 in newspapers of the nation's principal
in an effort to locate hundreds of "lost" stockholders whosedivide'nd checks, the first issued by the corporation in over 18 years,
cities
and
in
the
'
....
company's
75-year history
earnings.
have
16,240,585
assets——
1945
$749,910
&,748,274
1944
$2,401,304
4,581,389,,
542,705
128,820
96,317
accrls.
-;532,468
893,811
790,383
depr.)
and
2,377,764
8,827,979
,
2,468,820
2,233,239
1,134,735
322,523
366,904
218,441
1
100,000
*r 89,687
-
690,380
1,067,375
and
expenses
charges
first
Jan.
150,745
^
$271,800
The
for
1947
to
stockholders
Feb.
common
since
stock
to
1948,
2,
no
/
,
of
holders
'
■
stockholders
1929—one
of
record
/•%hi,
of
on
('?"
Report—Conrad N. Hil¬
to
for
created
the 2,654 shareholders of this corp. ;is the
a
full calendar year, since the present
by-consolidation
May
31,
1946.
"Business
earnings in 1947 exbeeded those experienced in any pre¬
by the individual properties which now comprise Hilton
Hotels Corp.
Precise comparisons cannot be. made because of changes
in corporate structure.
"/•/
and
year
$293,600
$270,000
$4,900,000
687,749
764,765
397,189
514,060
Garage,
294,942
158,326
165,884
Hotel
1,736,011
1,611,856
and
missing
thousands
/•■'■■/.%/
operations
was
the
its
1044.
p.
annual report
cover
corporation
4,432,813
Federal
its
on
payable
167,
to
Hotels Corp.-—Annual
Hilton
422,708
items
1948.—V.
because
addresses.
mailed
disbursed
share,
per
recorded
recently
ton said in part:
volume
—$32,053,334 $23,012,489 $15,007,583 $14,731,083
-n
"unclaimed"
their
dividend
15,
first
-
at
corporation
cents
15
$1,527,153
2,309,524
8,056,879
13,958,416
the
returned
reside
The
SHEET, DEC. 31
1946
1947
$3,197,958
been
longer
-
Non-recurring
profits
Palmer
securities
House
from
arose
laundry
the
and
Hilton
the
building
Long
sale
of
,
the
Palmer
House
and, equipment, Ambassador
Hotel.
There also were
Beach
non-recurring
taxes,
,
2,010,772
to
dent
the
transactions
years)
7,190,000
6,961,800
4,430,000
expanses caused chiefly by prepayment premiums inci¬
corporation's refinancing program. The net result of these
after provision for applicable taxes was a non-recurring
profit of $949,508, or 59 cents per common share.
The
corporation purchased additional shares of
452,250
Corp.,
90,502
90,502
90,502
90,502
814,518
1947
stock—1—940,858
Paid-in surplus.—
Z
2,249.466
Earned surplus
„_i
14,322,961
2,249,466
75,209
75,209
8,236,067
5,967,953
5,397,808
1947
Treas. stock at cost
15,622
139,920
139,920
Class
A
Class'B
"
in
rail¬
LIABILITIES—Reserve for unearned premiums, $13,951,021; losses in
of adjustment, $4,484,637; reserve for Federal and other taxes,
$360,000;
$4.07
'
$135,771;
$205,449;
450,000
$1.76
contingencies and
2,b'32,432
$11,038,635
438,000
44,026)939
postwar
1946
*1944
1945
792,918;
for
contings.—_
stock.
com.
stock—
com
(Dr)
,
940,£'58
15,622
814,518
and
reserves
•!
$13,871,067
2,534,685
893,950
$6.24
available.
an¬
$14,962,724
_____
910,900
179,089,895
$7,401,813
re.>erve
549,199
77,743,904
to
premium
549,199
44,077,818
amounted
1947
910,900
"275,063,063
44,058,790
received
$175,000
preferred and guaranteed stocks,
$2,279,822; common stock, $8,047,282; Fulton Fire Insurance Co. stock
(wholly owned), $1,952,514). agency balances not over 90 days due,
$2,360,260; other admitted assets, $1,149,634; total, $33,609,407.
/
$479,701
payable.!dpe later
Reserve
rehabilitation
to
also
the
Total
——;
NOTE—The
liquidation
of
Internal
income,
of
I—
company
a
Revenue
plus
,
$32,053,334 $23,012,489 $15,007,583
is
subsidiary,
interest
contingently
for
a
liable,
proposed
as
a
by
aggregating approximately $2,960,000
thereon,
on
the
basis
that
$14,731,b&3
transferor
assessment
such
a
the
of
in
t&e
Bureau
taxes
on
distribution
Washington,
held
owns
Palm
The
Hotel
panies
of $5,610,948 in
income
1946
year
sales
+-■
assets (less
State
9,178,220
of
of
Co.—Annual Report—
dividends—
NOTE'—During
2,673,180
*
188,268,115
12,928,310
stock_.
interest
fund
$17,497,403
loss
ASSETS—Cash
1947
•'
—_
45,747,235
287,991,373
stock
to
«'
dividends
roads
(& Subs.)—Annual Report—
common
payable (current)
Accounts payable
142,520,880
$1,266,593 in 1945.
flncluding dividends re-■
1947, $8,580,147 In 1946 and $8,560,708 in 1945.
tReserve for postwar contingencies and rehabilitation
restored to in¬
come
to offset costs of postwar reconversion.
sOffset by restoration
ceived
1948
$533,976 %
"L-:v
of
the
sold,
current
Accrued
287,991,373
sold
154.
BALANCE
1256.
P.
LIABILITIES—
24,267,778
>
use
p.
expem.es
kwh.,
value.
par
$0.60
(net)
Total
68,543,301
30,304,570
shares outstg.
capital
♦Dividends
13,377,730
of New York has been ap¬
cumulative preferred stock,
$6.52
U/S. securities
and
Preferred
com.
$1
divs.)
Notes
pfd. cap. stocks—
on
Cash
Net
'
29,112,475
*
year^_
Amount earned
City
convertible
stock,
share—
was
cases
deferred
-
Notes
income for
Dividends
Aver.
Misc.
1,305,885
84,139,360
sinking
a
—
in
Federal
vious
260,814,328
before special inc. credit
Total
Jan. 1 to March 14
1947
the
Trade-marks and brands
„
will
167,
•
net
Decrease
19,
March
real
of
had
_
Prepaid
—
Bal.
of
common
pfd.
com.
Investments
37,539,581
loss
1947.
Revenue—
$47,925
1947
,
Inventories
Fixed
U. S. and foreign income and
^Special
Cash
on
estate, plants & equipment
Employees' bonus .4
i
excess
increase
■■■:.
total
10,580,431
1,750,626,267 2,762,868,879
117,343,868
98,682,481
credit)
amortiz.
of
21,569 were
Net
CONDENSED CONSOLIDATED BALANCE
1,964,733,575 3,153,406,454
3,134,125
Privately—
it
of
issuing company will have the
equal amount of the Lsue each
the proceeds from the sale in its
—_
Trust Co., New York, has beer, appointed
the $1 convertible preferred stock.—V. 167, p. 1256.
1947.
933,348
lor:
Deprec.
quarter
1948,
for the week ended
an
6,758,725
Receivables
acjmin. exp.
Issue
that
(net)
com¬
13,957,787
2'% % promissory notes
fCost of postwar reconversion
of
1151.
Society
earned
and
on
Decrease
stock
405.763
$57,627,039 $43,830,383 $36,630,087
NOTE—1947
2,987,089,850
amortiz
preferred
with
compare
13,
Farmers
profit
♦Net
oper¬
charges
23
the
Proceeds
6,922,448
Net
Corp.—Weekly Output—
kwh.,
of
$1
common
sales
in
3,811,606,935
the
and
company
investment
Previous
% ;
National
value,
par
The
Net
1945'
3,348,128
with
names
The
bidding.
.
include
an' additional
unearned
and
Net
1257.
ASSETS—
—_
—
of
of
holders
record
first quarter of
$50,000
revenues
P-
♦Adjusted
Drl4,508»732
Total
.Cost
the
Feb.
of
as
Week End. March 14
Calendar Years—
:
YEARS
-V ■';.$
Drl,116,842
p.
written
in
Interest
stock¬
preferred
preferred for the fourth
$768,730,888' at
National Bank of Detroit
tOther
stock
figures
Glenmore Distilleries Co.
1,962,502,289 3,127,934,888
10,956,504
statement
1978.
,
Investment:-
435,905, compared with
with 438,329 for the first
RR.—Operating
.
transfer agent for
corporation's stockholdings in
the
'^
1946.
fires,
$
March
'
preferred stock and 9,066 were holders of the
stock.—V. 167, p. 1150.
Florida
&
Chase
pointed
actually
about $600,-
1946'
4s.
process
work
31,
financing
debentures
Underwriting
Georgia Hardwood Lumber Co.—Registrar, etc.—
;
the
of
Losses
of
and
CALENDAR
■
3,815,159,163
♦Corporation's equity in earns.
(net) of -subs, not consol
30,620
147,589,478
.
Op'erating
in
Net
"\
These
1948
of
39%
Dec.
at
167,
Co.—Places
Fire Insurance
•
special, tools.
$865,373,105
STATEMENT
was
and
represents
30.635
the
32%
%
INCOME
in
the
746.
p.
competitive
Expenses
$832.-
and
series
to
Period—
to
1946.
CONSOLIDATED
and
preferred
Georgia
com¬
period,"
of
by
Assurance
program.—V.
$13,695,286;
begun by
General Motors
at
following the war, was brought to virtual
2%
167,
registration
a
construction.—V.
Life
The
par.
Increase
1,982,692,134
1947
10'%, over the corresponding week of last year.—V. 167,
v.-■
•
was
approximately
of
1948.
5,
$5
amounted
The
which
1948
1947
The electrie output of this corporation
with
amounted
21.—V.
668,222,149
were
""(/J,:.-:
industry's
compared
in
and
common
common
General Public Utilities
a
volume
average
1937-1941
sales
1946,
and
car
of
the
truck
of
the
".-/'/■/./
40%
were
as
compared
program,
plant
working
increase
in
above-
the
of
of
stockholders in
preferred
series
$3.75
period."
way.
for
5%
44%
GMC
same
Combined
1947,
during
under
000,000
the
possible moment
completion
got
in
postwar
earliest
1947,
1947
and
and
period.
the
the
sales
were
;
in
1946
"Chevrolet
the
truck
they
years.
sales
car
38%
and
car
in
prewar
of
quarter of
balance
Jan.
the
average of "1,494,957.' Sales of Chevrolet and GMC trucks
totaled 427,872, compared with 326,758
in. 1946, 505,599 in
and a 1937-1941 average of 337,509.
81%
for
34,850.276
■
Profit
stockholders
holders
•••"
the
record
the
Of
in. 1947
>•
•
2,472,969,238
-
Motors
quarter
fourth
405,270 holders
were
and
of
mon
;
1937-1941
1941
34,850,276
payments
on
totaled
1947
in
1948
as
After
in
the
Premiums
1947.
There
remained
yi'-.':
the
of
General
first
the
for
for
quarter
$77,743,904,
dealers
during
overseas
holders
reflected
credit adjustment.
common
number of
total
436,383
shortages
.•%
Motors
Canada
compared
income
material
share.
per
General
and
the
This
and
preferred
on
income available for
$1.76
sales
United
to
attributable
income and excess profits tax
an
Although
12%
to
Stockholders Number 435,905—
■
.'..The
,.
filed
19
determined
Printing
redeeming
Underwriting:
441,043,400
$813,514,761 in 1947 and $736,786,943
for depreciation:
April
announced
the
Expenses
Net income for 1947 available for the common stock,i^fter providing
'dividends of $12,928,310 on preferred stocks, amounted:to $275,063,063,
arid included
at
of
Hanover
1946.
reserve
*
-
for
183,564,400
811,117,725
receivables: $1,192,387
doubtful
for
reserve
be
finance
Hall
terms
of
year
tLess, in 1946, portion of liability f6r U. S. income tax
for 1945 applied in reduction of claim
($29,751,4134;
tHeld for bonus
purposes:
106,577 shares in 1947 and 7,950 shares* in 1946.
SAiter
dent, and Alfred P. Sloan, Jr., Chairman of the board,
stated on March 16 in their annual report to more than
436,COO stockholders.
:
V
.
in
2015.
earnings,
cn
up
Calendar Years—
-
—
♦After
915
and
Co.—Registers With SEC—
100 and accrued interest.
expansion
100,000,000 vl00,000,000
————
__
about
or
March
will
Equitable
nually
1,973,414
441,043,400
—,
on
on
to
F.)
option
value,
pan
Total
Wilson, Presi¬
the
surplus
used
Premiums
a peacetime
record level of $3,815,159,163, General Motors net income
for 1947 amounted to $287,991,373, C. E.
of
5s
contingent
15%
the United
States through Hemphill,
Noyes & Co. an issue of $3,500,000 3% sinking fund debentures, due Jan. 1, 1968,
33,108,379
183,564,400
-
surplus
Earned
Reveals
Sales-^-With net sales at
$6,000,000
is
to
up
Utilities
company
the
6,828,712
-
vy
4,735,429
-
($10
company
be
value,
(stated
the
series
covering $12,000,000 first mortgage bonds, due
(W.
sub¬
share)
States
underwriters
The
'
surplus:
"preferred stock
per
with
5s
on
stockholders
The
of
the
1257.
p.
will
54,323,374
48,191,833
(stated
interest", basis for some time.
The $22,700,000
to holders of the old
Chicago & A;ion 3s of
of the Alton RR. with G. M. & O. The
merger
income
on
the
■
Record
j
62,103,144 -1-
1
share)
per
series
$100
SEC
3,232,075
1,973,414
and
.
stock,
The
./
29,000,000
96,000,000
—
preferred, stock
and -pro¬
Interest Basis—
secured
two
stockholders
the
•
stock
June
the
8,791,559
29,000,000,'
96,000,000
:—-
————
stock
Capital
'
\
125,862,536
249,622,921
3,232,078
operations
interest—preference
■
■
167,627,617
sidiary company
amount
series
share
"
189,676,894
1,752,094
foreign
General
Minority
$5
1
-
.•
of
to
'1 '
167,
Gulf
z
L
miscellaneous:
be
shares,
to
ac-
benefit plans
(unawarded balance)—
bonus
income
to
is
an
"and
an
the
on
capital
„
notes:
Contingencies and
by current borrow¬
public offering of the
1,982,692,134
204,656,418
sundry
B, maturing Aug. 1," 1976—
warranties and miscellaneous
Employees'
the
when
2,472,969,238
pfd. capital stocks —iSeries A, maturing
on
per
the
& Boyce,
.'named as
May 26 will vote on increasing the authorized
par $25 per share, from 12,000,000 shares to
20,000,000
and on approving an increase in the authorized indebtedness
to
$400,000,000
irom
$200,000,000.
The
reasons
for
the
proposed
increases will be given in the proxy statement which will
be mailed
608,028,866
12,468,302
63,214,330
.
1 '1966
Deferred
during the last two years
rising prices, have -led
inventories, aggregating over
with
556,429
profits taxes
inc. and exc.
payable
on
last
to
cumulative
The
5,201,189
6,332,958
722,996,002
9,668,042
63,214,330
—
Reserves:! Employees'
letter
The
11,334,191
^'t1'-"i)!-■>
foreign
are
with
Bros.
Gulf Oil Corp. -— Plans Increase in
Capitalization and
Authorized Indebtedness—
30,239,486
.—
,
t
promissory
Taxes,
expansion
determined
not
determined.
yet
stock
and
39,474,684
•
.»
and
stock
equally
are
interest
,%
.
—-
Series
portion -of which has been financed
a
stock
preferred
additional
business, together
assets,
principally
board
connection
not
authorize
from
items
Aug.
C.
to
the
S.
2'/2%
Gamble, Chairman of the Board, and P. W.
Skogmo, President, in a letter mailed to stockholders, stated that the
directors have concluded that it is ip, the best interests of the
company
and
--V.
——
warranties
at *$3
Stein
York
127,214,896
etc——
payable
payrolls,
Dividends
preferred stock, par
Increase the number
4s
549,352,274
.
LIABILITIES
U.
April 8 to consider
on
to
new
129,458,916
——'.
—-
.
crued
335,214,298
on
issued
pursuant
are
plants and equipment——
and deferred charges——
estate,
Accounts
new
and
:
for
traded
were
1949
211,727,380
treasury——,
Total
purposes.—
4s
277,741,023
arising
Govt,
S.
assets
Prepaid expenses
t./
special meeting of stockholders will be hold
proposal
$
39,452,660
U.
Goodwill, patents,
Gamble-Skogmo, Inc.—Plans New Financing—
value
against
tCommon stock in
Taxes,
a
been
1946
250,0l4,ul4
carry-back of unused excess profits credits
(collected in 1947)__—————
Privately—The
31
DEC.
j.—
consolidated
not
cos.
notification
of
$1);
New
The pew series B income 4s of 2044 will
be traded on an "and
interest",, basis on the New York Stocx
Exchange iollowing payment
of interest cn April 1.
The road's 5%
income bonds due 2015 have
cost)
investments
tClaims
,
45.
p.
sub.
letter
(par
'
working capital and development of gold mines.
692,889,191
in
Investment
Other
was announced
capital,
SHEET,
259,867,011
-
and
Inventories
tne
on.
•
Smyth,
offered
&
The
used
Series B to Go
for
(j»
securities-, short-term (at
notes receivable, etc.
Govt,
Bullard
167; sp." 43.\
With SEC-—
Gulf, Mobile & Ohio RR.—4% General Income Bonds,'
*''v*
BALANCE
CONSOLIDATED
„_
S.
♦Accounts
earnings
off.
Ac¬
restricted from payment of cash dividends until bonds paid
cumulated surplus so restricted Dec. 31, 1947, $1,512,000.—V.
167,
pany,
valhe)
stated
1947
696,707
$6,451,457
materials
raw
$1,200,000
(the
.1,250,000
$7,219,638
York—Files
2,000,000
i
1,425,500
Filor,
liquidated subsidiary*
In
however, there is no merit'
taxes.—V.
underwriters.
surplus at end of the year 811,117,725 668,222,149 691,636,919
CONDENSED
and
the
ceeds
132,
,066,520
2,500,000
U.
hooks
^
,178,220
to
counsel,
additional
company on March 16 filed a
for 5,000 shares of capital stock
Baltimore,
604,187
1,750,000
2,216,000
*2,596,407
.
99,158,674
,
150,000
654,300
$7,610,106
surplus
Total
9,178,220
3,750,090
132,167,487
♦In establishing a value of $100 per share
the preierred capital stock, $3.75 series.• ■-
L
1,459,000
3,433,099
____
9,178,220 >
series
series
dividends
gain
tax
of
assessment
*
t
$6,346,707
360,600
stock
'
1——
stock, $5
stock, $3.75
cap.
Common
proposed
The
SEC
.
'
r
♦Surplus transferred to capital
•■V.¬
;
,
the
Gold Ridge, Inc., New
381,792
1,120,000
100,000
debt—1956—
conting.
stock
Common
Earned
.
•to
.,
956,213,522 779,163,230 832,881,659
t
capital
Preferred
"
„
Earned
Total
$
——
dividends—
Preferred
1946
assets."$4,528,366
assets
31
$4,670,602
1947
current
DEC.
SHEETS,
,'
■■■
."
Total
1946.
.Net
.
1947 and $2.36 in
in
$2.60
were
,
109,410
and
N'
$ ' J
$
■
Earned s'urp. at begin, of the year 668,222.149 691,636,919 644 ,613,544
Net income, for year (as above)
—
287,991,373 87,526,311 188 ,268,115
$4,427,310
$5,810,203
343,726
$14,651,628 $10,850,193
__
ordinary
company's
■
♦Net
68.75%
50%
a
Beach
has
C.
the
interest
Biltmore
corporation
Corp.
D.
of
during
total
in
Mayflower Hotel
the past year, and at the end of
outstanding. Hilton Hotels Corp.
Neil House Co., Columbus, Ohio, and
stock
The
Co.
received
dividends
of $80,351
from the Mayflower
The undistributed earnings equity of these three com¬
been included in the income account for the year
not
ended
Dec. 31, 1947.
Hilton Hotels' share in the undistributed earn¬
ings amounted to $249,056, or 15 cents a share on the common stock.
The
corporation in 1947 purchased in the
shares of convertible preference
$1,980,559.50,
at
a
open
market 39,611-19/100
stock, having an aggregate par value of,
cost of $1,557,036. This stock will be held in the
Volume 167
will
be.
the
U
Hilton
•
in
Hotels
Bermuda
eoneej-n
and
the
Corp.
hotels and
./,'."
contract..;:
.
Other
1946
rentals
-j—
panies;
Lease
Real
rentals
personal
,
2,897,862
574,833
all
operating profitdividends———-..!.
the
sale of
on
Sundry
other
Premium,
on
discount
-v,
.
Net
investment
before
and
♦
-
$5,509,040
$3,550,547
1,594,573
397,166
.
1,618,578
1,618,377
•
excluding
non-re-
$2.64
_v-A-
items
curring
CONSOLIDATED
BALANCE
$1.90
$3.13
_
_
share
common
SHEET,
$1.89
I
Government
/".A
bonds,
Other
of
and
notes
receivable
(less
buildings,
.,258,441
#
1,359,056
.,449,007
'■>
"491,719
364,256
/
301,167
117,806
I
companies—
and eqpipment,
furniture
Other
1-J
ill
Total
353,026
.Accrued
and
expenses
current
Insurance
Co.
liabilities
The
increased
and
$12,245,782
$5,662,031.
the
investment
assets were
of
as
31,
1946.
over
The
income
$80,076,592,
Doc.
was
of
$21,961,202.
was
reflect
above
1947.--V.
166,
provisions
sale
interests
first
to
the
the
plan
Capital. surplus
surplus
$2,000,000
promissory
date
be
used
5%. bonds,
mortgage
effective
will
(out
notes;
the
of
due
to
ana
plan
Upon
-
and
the
demand note and
the
consummation
of Interstate
Co.
Power
of
the $7
the
in
and
escrow
dencing bank
16.7,
p.
of
-
Taxes
•%Y 1948 Y
'
•#'
,
Federal
income
-
—r
for
reserves
"
1,461,414
in
$22,457,155
and
amortization
" '
Slate of Directors—
OF-EARNINGS
to
40,587.
■
FOR
1947
CALENDAR
1946
YEARS
1945
1944
59,812,869
$9,604,584
3,381.522
3,063,960
3,036,284
569,333
641,953
536,591
850,000
800,000
8O0.OOO
800,000
375
1,500
reserye
1,500
.1,121,479
933.607
846,579
793,035
."966,310
1,483,522
1,753,648
1,833,556
$3,180,459
$3,219,409
$2,705,227
$2,603,617
21,012
46,259
26,991
20,995
$3,20-1,471 r $3,265,668
1,249,843
1,058,660
$2,732,218
$2,624,612
„
revenues^-,-
Total
(net)_
income
...
inc.,
deductions
call
adjusted- *. $1,951,628
as
$270;424.31,
premium
in
1947)
•Annual
series
interest
bonds
being
0%
on
1,181,462
1,108,825
$1,550,756
will
as
$2,207,007
portion
gold
charged
resulting from, related
.
$1,515,787
of
non-recurying
to
discount
bonds,
year
on
and
series
estimated
deductions
charges for the first
amount
debt
debenture
offset to
an
A,
expense
due
reduction
for
tax
2022
in
taxes
purposes.
the .$5,000,000
of
1978
$156,250,
Parent to Sell Stock—
requested
'
$2,177,316
March
On
;
,.-28,586
to
sell
American
16
602,503
1,008,035
159,382
Co.
Light
asked
SEC
its Kansas holdings.
on
competitive
bidding
permis¬
It has also
rule.—V.
167.
■>'
Kold-Hold Manufacturing
$1,197,817
On
March
15
shares
and
son
231.051
$J68,092
&
Power
publicly 250,000 shares
be exempt from the
to
Co., Lansing, Mich.—Filing
With SEC—
$2,205,902
$1,127,474
"
of
$10,387,770
income.
sion
c.:
—Val167Cep^746r~"^"~^""""~""T~''
the
by
provided
4,936,433
prof. tax.
income
280,835
Dividends accrued on preferred
Management
Hudson & Manhattan RR.—Two Added to
is
1947
721,930
"includes
letter
a
($1
par)
James J.
notification
of
filed
was
with
the
SEC
for
stock to be sold by H. Barkley John¬
both of Los Angeles.
Underwriter, Buck¬
Public offering at $2 per share is ex¬
common
McQqaid,
$966,766
ley Brothers, Los Angeles.
pected.—'v,; 165* p.. 1193/.•
•
<
.
for
•
-
.
oper.
50,000
$3,000,000 III
deducting
tAfter
1943.
Treasury tax notes.—-V. 167, p. 847.
wholesale
i
Net
Other
473,252
$1,729,977
•Net -'income
in..
$23,693,814
of
received
revenues
at
population
of) limited-term
investments .» __iL.
$1,704,711
.____
total
service
Amont;
724,738
25,266
/
and
line.
State
electric $11,776,613
retiremft
-
•w 584,580
(net
inoome
Gross
portion
miles,
square
Kansas
months
Maintenance
Net
$57,715,685 $57,320,135
-
depreciation
12
Operation
628,278
-.Total:..deductions,
Total
34.5%.
or
revenues
926,335
>
_______
the
of
estimated
an
-... <,
Oper.
3,753,343
taxes
l
southeastern
the
to
to • 114 communities having an
for
1947
of
304,021.
Wichita, the
estimated population of 160,370 and
electric
p.- 1152,
Not earnings
adjacent
6,000
provided
50%
Taxes, other than income
•
Other- inoome
is
1925.
in
the
of
most
approximately
"
702,942
taxesx-.,_T_^;-
income
properties
gas
Missouri
appropriations
$7,994,569
depreciation-.-._^___L_„„___.
than. Federal
of
produced
SUMMARY
-
■";.)■• 1947
.r
in
,
and
4,942,374
A
1980.
1,
American
by
$9,557,101
4.-
of
nues
Prop.
•
*
of
retail
at
the
Income & exc.
652,459
fot
other
Estimated
11,850,627
8,091,885
4,903,650
Co.—Earnings—
Maintenance
68,929
6.1^7.230
,
Iowa Public? Service
re¬
or
25,4%; "kilowatt-hour sales from 503,658,000
to
621,23.3%-; and total electric operating revenues from $8,756,718
or
$11,776,614,
Gross
,
of
hi
West
the States
ended
Dec.
31, 1947, sales to residential
approximately 26.8% of total electric operating
while during the same
revenues,
period
sales
to
rural
customers
were
4.5%; commercial -22.8%; industrial 33.8%; government and
municipal 3.1%; gnd sales to other utilities and miscellaneous reve¬
shares of common stock to be
collateral promissory notes evi¬
746.
shares
stock.
incorporated
was
earnings
property,
3,882
reacquired
company
During
6%
offered
of
covering
approximately
customers
accrued
capitalization
securities
new
The
to
994,961
$1,000,000
loans.—V.
the outstanding
the
of
of
public utility principally engaged
transmission,
distribution,; and
sale
comprises
area
section
service
261,000
and $6 preferred stocks.
plan,
consist
will
the-underwriters, the additional
by
tlncludes
shares
has shown a steady growth in number of customers
served, kilowatt-hour sales and revenues.
During the past five years
from
1943
through 1947, the npmber of customers has increased
from 82,571
to 93,247, or 12.9% ; peak load from 97,300 to 122,000
$3,000,000 ' out-'
outstanding
limited
but
mortgage,
1,768
holdings
served
an
small
very
"•«■
are-not'being publicly offered will be placed in escrow
determination of the rights of the holders of the 6% de--
69^
in
having
pro-
pay
the
on
former
company,
in
addition
221 communities
com¬
at par
tl5,511 shs.
600,000 shs.
energy.
It merchandises electric appliances to a
the smaller towns it serves.
Company disposed of
territory
provides
as¬
net
1957,
the
of
its
kilowatts,
Ihe
100,000 shs.
600,000 shs.
aggregate estimated population
largest city in Kansas, has an
market
retire, the
to
of
Kansas
a
which
/ Provision
mc
•
-
-~r—w.
Earned
7
'.••
//'
1 ■1"
Ko©l-Aid Bottling. Co., Inc. of Calif.—Files With SEC
'/!v;.VV.V
:
Joliet & Chicago RR.—Dividend Correction—
slate of directors
for
the annua.l meeting .on
v"
The cash dividend payable on April 5.
1948, to holders of capital
shows two additions—J. Crawford Compton and Lawrence D. iATayer-.
The names of incumbent directors who went in to office last ;:/! stock, other than Gulf, Mobile & Ohio RR. Co., of record at the close
"v. of'business on March 19, 1948, will amount to 83.479 cents
per share
year are presented for re-election, with the exception of Col. Hugh A.
(not 82.8312 cents as previously announced) the total amount of cash
Kelly and Edward J. Gould.
1/
Mr.
Mayer is a partner in Harris, Newmark & Co., specialists in % to" be distributed is $5*335.16 which will be prorated on the basis
v
of the number of shares outstanding at the close of business on March
real estate management.
Directors of H. & M. negotiated with Harris, Newmark & Co. for the operation of the Hudson Terminal Buildings / 19, 1948.
"
.
,
The New York Stock Exchange directs that Exchange contracts in
and other company rentable properties, but no satisfactory agreement
the capital stock (stamped) on March -22, 1948, shall be ex said divi¬
could bo reached.
Directors then deemed it more advantageous to the ^
dend; and that all due-bills must be redeemed on April 5, 1948.—
company, the management proxy statement says, to elect Mr. Mayer
as
Vice-President in charge of real estate at a salary at the rate /; V.: 167, p.. 1257.
,
.v.:;
•The
in
.
5,000,000
t66,500 shs.
100,000 shs.
operating
an
extent
Electric
Offered—Under¬
reorganization
of
securities
prepay
collateral
of
.'
to
of
these
of
"Unlimited
and
The
for
The
the
the
of
purchase,
power
of
2559.
p.
$16,000,000
BUSINESS—Company
is
company
generation,
all
$77.,.?
reserve
Outstanding
par)—
authorization,
AND
limited
inci'ease of $10,669,012
an
FINANCING
PRESENT
has no subsidiaries, but itself is a subsidiary
Light Co. and of Electric Bond and Share Co.
&
The
$11,975,303
The
(no
tlncludes
electric
1946.
over
Power
the
statutory underwriting
was $2,415,141
before
Co.—Securities
.12 Months Ended Jan. 31—
21,950,646
1,700.000
indebtedness—_—____—
long-term
~
April
.
of
assets
America
increase
an
TO
Dec. 11, 1909, and is qualified to do business in
of Kansas and Missouri. -Corporate existence extends to
July
to policyholders was $121,583,890.
Indemnity Insurance Co. of North America
the
increase of
Operating, revenues
Operation-—x
.—
„i
1047-and
taxes.
North
of
$213,381,925,
were
Power
the
subject to
"
832,902
51-4,363
22,244,3o7
Reserves
for
contingencies
—
1,700,000
Other reserves
~——.a—a—.————13,209
Convertible preference stock (par $50A/ 9,870,067
Common stock (par $5)i————^8,092,890
"After
an
$30,892,339
of
$740,-
"Unlimited
Virginia
aebentures. due 1952, and en the 6% demand note of the company. v
the effective date of the plan the 994,961 shares of common -
placed
;■
v A"'/
____—______
and
Funded
HISTORY
Upon
v'c^oaol
„
EFFECT
par)— „_—
to
provisions
.
1152,9571^839.,.
taxek
indebtedness, due within :
year
Other
_
^o'lnoa^i
charges-—-
income
state
I., one
was
stock
(no
as
stock,
(retired
.
and long-term
Funded
.
$57,715,695 $57,320,135
payable—
and
Federal
increase
other
acquired
surplus
of
an
outstanding
interest
.
845,113
I'IIABILITIES-—
Accounts
f
.,154,801 "f
1,000,530
-
the
bentur.es
1,282,980
charges_-i—
deferred
and
the
income
from
stock
(46
1,011,029
_______________---A._-_A
equipment
assets
and
groups headed by Smith, Barney & Co. offered
public March 25 new securities of the company
the
standing)
859,992
5,186,312
39.437.
etc..
Revisions, alterations and rehabilitation
Opearting
and
securities
accrued
'1,754,841
certificates—___
Investments .'———_A._L-.-_A.L_LLL-iLL__._'
"Land,
assets
taxes.-' The
of
pany's
i,593,251
141,107
and
supplies—assets—A———
current
Due from affiliated
the
of
$2;437,958
;Undsr
49,299
reseivei
merchandise
loss
before Federal
an
increase of
premium increased
$8,812,594 and the
unearned
for
reserve
underwriting
1946,. and the surplus to policyholders
policyholders surplus as shown
1945
1347
'
Inventories
The
Interstate
DECEMBER 31
$5,750,964,
Accounts
The
$9,328,066
was
stock
Company
$139,781,964,
and
ceeds
'
ASSETS—■ >
ii Marine
'
was
preferred
"Unlimited
in the history of insurance
other than life, sustained suoh )ieavy
Group
cum.
America,
a plan of reorganization under the Public '
Utility Holding Company Act of 1935. These offerings
consist of. $20,000,000 first mortgage 3%%. bonds due
1978, priced at 102.72%, and 555,039 shares of common
stock priced at $7.35 per share.
In addition, Smith,
Barney & Co. has offered and sold, at 100%,. $5,000,000 ^
4% % secured debentures, due .1968, of the company;
:
254,750 k
444,625
'
items '
per
North
issued under
-_
______________ —
curring
Federal
to
•
—
Earnings
Common
of
"At.no time
causes.-
the
of
premium
was
writing
2,238,-509
:
diverse
income
1946,
sets
$5,789,155
3.100,000
v.,;:-'
<•,
..
loss
v?-?-r,7A
$8,009,040
/Net profit
..-./Li,
dividends
Common dividends
*.
!_r _
Common shares outstanding-'—_
Earnings per common share including non-re¬
Preference
$6
its
of
Co.
Insurance Co. of Philadelphia.
disasters so far as fire, marine, and
concerned," said Mr. Diemand in hi§ annual
$297,672,939,
$39,892,921,
value
5,637
taxes—
income
meeting
Insurance
of the
stockholders.
of
statutory
were
taxes...
over
19,022
———
taxes—
state
The
Premium
was
Dr9.516
:
" .v
r: Or263,729
GIVING
mtge.
President
an
increase of $27,941,339 over 1946.
The reserve for un¬
premium increased $17,486,764. The statutory underwriting loss
$4,038,135 and the Investment income was $6,660,510 before Fed¬
eral.
>.
*C
A.'Diemand,
annual
the
are
year
"1946.
over
Group
was
$5,774,012 £
'1,846
;
the
John
and *
notes
income
for Federal
mortgages
of
prepayment
on
profit
Provision
"
such
income
Premium
$5,759,296
14,717
'propei'ties-l—l-JL\",..1,294,99S><
——.
by
major lines collectively,
unearned
! Profit
SECURITIES,
(Including
'
bonds, 33/a% series due 1970
1st mtge, bonds, 3'/b%
series due 1978
I'fo cum. preferred stock ($100 par)—
731,407,
276,171
Profit before non-recurring income & expense
$7,379,897Non-reciTrring income and expense—
--'I/"//':.'
Profit on, sale of investment securities
> ■ 196,026
approximately $14,350,000
9
Authorized
1st
earned
989,906
f
.
CAPITAL
'
479,866
$7,243,364
136,533
-
-
and
>
Alliance
a
vprepiiunt; '•••Income
over
Gross
Interest
the
was
irom
$40,685,470
1,314,441
1,779,411 <
286,584
and. sundry capital charges
expenses
Group
and
year
$27,568,025.
,
2,354,400
812,971
following
the
in
investment
1,406,141
1,974,050
-
Corporate
•.
179,866
v-.—
taxes
property
amortization.
and
Interest
———
__i—1——
and
estate
America,
claims
costs and expenses——^—----
Depreciat.on
announced
was
casualty insurance were
statement to the stockholders.
1,087,128
23,2l0,eu9
Administrative, and general expenses-—3)194,083
Advertising and business promotion——2-—_
067,799
Heat, light and power__—
' li34®-8^
Repairs and maintenance-—
—2,081,633
(1365)
aggregate expenditures of
000 expended in 1947).
\
premium
This
"Last
v.
have
Departmental
and
Insurance Co.
$42,397,705 $39,468,549
-v-
in
company
1947.
Indemnity Insurance Co. .of North America, Philadelphia Fire
*
.
lln'lll
1,045,422
:
Total
.
the
in
income of the Insurance Co. of North America
Group last year reached an all-time high in the history of the com¬
North
•'
income;
Store
Assets
•
*;
joined
Assets and Premium Income of North America Com-
c
.
$40,531,203 $37*671,250
departments--
operated
revenue
Petefish
Mr.
'Littlepage in 1944 and Mi*. Barthelmes
Mr,
Included
1947
Calendar Years—.,
,
•;
Assistant /Secretary.
FINANCIAL CHRONICLE
panies Reached Ail-Time High in 1947—
ACCOUNT
INCOME
CONSOLIDATED
.
Gross
interest V
The; Hilton corporation will operate all
20%' of their gross operating profit under v
Club.
will, receive
&
...
Co., Ltd.. common stock. Properties ox that,;,
the Bermudiana, the St. George
Development
management
■r
terms to the extent funds are available.
in August,. 1947, paid $265,832 for an
the Castle Harbour Hotel,
are
the. Mid-Ocean
three
1937.
policy "of
st6ek at advantageous
^,«
Foreign
application against future sinking fund requirements.,. It
the corporation- to continue to buy preierenee
treasury for
.
THE COMMERCIAL
Number 4685
The company on March 22 filed a. registration statement with the
covering 1,500.000 shares ($1 par) common stock.
Underwriter,
Heron.ymus & Co., Sheboygan, Wis. Proceeds of the issue will be used
to-open and equip battling plants in California cities."-The stock is
expected to be publicly offered at $1 per share.—V. 167, p. 548.
SEC
management
14
..
■
Lakeside
With
.
,
,
.
♦
The
-
,
1948.
Mr. Mayer was so
elected, and will devote so much of his time to the real estate affairs •
of H. & M. as directors judge to be required.
'/Mr. Compton is Assistant Secretary and Assistant Treasurer of the
Chicago, Rock Island & Pacific RR. Co.—V. 167, p. 1257. rl , -' .;
;
of
$20,000
per
effective
annum,
April
Chase
National
Bank
of
the
Kansas
fered
City of New York h«s
cumulative convertible
Co.
issue
current
accumulated
and
a
dividend
earnings,
of
25
payable
cents
Anvil
bonds
as
100.1421;, W.
•'
Dated Mar.
,
,
mortgage
bid
a
of
bids
Other
100.7193..
Merrill
C.
Langley
:
&
'J
Co.,
.:■■■
;-
■
■
Blytli
100.10;
&
Co.,
102.4567 far
the bonds
l,j 1948; due Mar. 1, 1978. Interest payable
as
on Mar. 1 and
or agency of company in New York. Bonds will be redeemable1 at tlie option of: the company or pursuant to the requirements
of.the mortgage in whole or in part at any. time prior to maturity on
least 30 days' notice,
the initial general redemption price
104.25%; the bonds wilLalso be redeemable upon like notice by.
Z tion
of
the"
sinking,
improvement
or
fund
or
the
being
opera-
maintenance
and
replacement fund or by use of proceeds of released property at the
Assistant Secretary, has been elected to fill
special redemption prices, the initial special redemption price being
office of Liability Secretary, according to H. P. Slell- % 101.28
plus accrued interest in each case.
wagen, Executive Vice President of the Company.
PURPOSE—Net proceeds will be used for
the following purposes:
v4,The tremendous growth of the company's writings in ths liability
Approximately/ $3,900,000 will be added to the company's general
lines has made accessary an enlargement of the; executive underwrit¬
*
cash funds', and thd corporate'trustee will retain
approximately $1,100,ing staff," explained James M. Crawford, Vice President in charge
00Q in trust, pending withdrawal, by. the company under, the terms
formerly
the newly-created
The .company
•
sAs
over
company's underwriting-departments.,
•/'„<.
r
-
•
of
"•
Liability Secretary. Mr. Robins-. will have general supervision
the company's liability business which- includes automobiles, other
liability,
compensation,
workmen's
Assets
Premium
and
aviation, and special risks.
Income
at Ail-Time
Insurance Co. of North America below—V.
the .mortgage.
pany's
.
term
aggregate
High.—See
165., p. 3168.
)
"*
to
offered
The, approximately $3,900,000 added to the com¬
funds will be used- to pay off at par shortwhich
it
is
estimated
will
amount
in
the
cash
general
promissory
notes
$1,700;000
prior
to
the
issue
and
sale
of
the
securities
which
have been or will be issued by the company
to American Power & Light Co. for cash pursuant to
authority granted
by order of the SEC dated Dec. 18,
1947 in connection with the
company's construction
program,
and for the construction of new
facilities and the extension and improvement of
present, facilities and
now
and
•
Co.
Insurance
of
North
America,
Philadelphia,
Pa.-—
r
for
other corporate
purposes;
As
additions are made to property
fundable -under the mortgage, such additions will'be used as the basis
of withdrawals of cash- held by. the corporate trustee to the extent
Elects New Officers—
John
of
two
A.
Diemand, President,
and
lowing
the
Calvin
S.
election
the
annual
Roberts
Russell
and
Secretary,
of
meeting
as
Vice
H.
March
on
three
new
18 announced
officers of the
the promotion
company,
of the board of directors.
President; V. I. G. Petersen
Petetislx,
Charles F.
Littlepage
They
and
A.
of
fol¬
W.
-
Mr.
Roberts,
America,
North
Assistant:
as
also
who
IS
America,
had
Vice
its
Secretaries.
been
Assistant
President
casualty
of
the
affiliate.
Vioe President of the North
Indemnity "Insurance CO.
Mr.
Petersen
was
formerly
they
of
will
the
be
cost
porate
fair
or
for
value,
the
-
-
are
construction
improvement
purposes.
whichever
Ac sueh funds
company.
-used
extension ..and
r
*
Barthelmes
60%
additions- of the
are:
Foreign
as
of
present
rate
of
the
for
;
v
is
less,
of
received by
new
the property
the company
facilities
and
for
and
other
the,
cor-
~
19
($1
&
l'iled
par)
letter
a
common
Wis.
Files
—
notification
of
stock
.Co.,, Milwaukee.
to
be
with
offered
Proceeds./will
be
at
the
$6.50
for
used
281.
p.
<
years
f
1948
to
E.
contemplates
service
1950
that
continues,
inclusive
may
if
its
the
con¬
require
shares
be
16
of
filed
Y.—Files With SEC
letter
a
common
outstanding
166/
with
the
(par
&
given
capital.—V.
notification
of
stock
50?))/
Underwriter,
Co., New York, Holders of common stock (par
right to subscribe at par (50d) for new stock in
Burnside
will
Marqh
on-
327,630
ratio of two shares for eaeh $1 per share held.
Proceeds will be used to
pay
Rights expire March 29.
claims,
etc.,
and
working
\'/V
1481.
p.
Leland Electric. Co., Dayton, O.—New Director—
At the 27th annual
and
M.
year:
Gaskell
shareholders'
meeting held on March 17, the fol¬
were
re-elected and appointed for the
Cox, H. A. Estabrook .(Legal Counsel), G. R.
President, Secretary-Treasurer), E. B. George (Vice
directors
ensuing
(Vice
officers
J..M;
Fresident), W.: E. Kraft (Assistant Secretary and Assistant Treasurer),
W. G. Laffer, W. F. iLisman'
(President), and F. A. Miller.
The '-"Independent
Stockholders'
Committee" proposing to place six
could only elect one candidate, E. E.
Pa-.,, on a cumulative voting basis. ^ Mr.
Monaghan replaces Dr. F. S. Dellenbaugh, Jr. of Litchfield, Conn.,
who had expected, to resign,
in any event, to devote more time to
development and research projects.
/
members
the
on
Monaghan
of
nine-man board,
Philadelphia,
E. I. Gerhard
■/'•
V.'-
re-elected Controller.—V.
was
N
.'J
.
Lion Oil
167, p.
1153.
:
I '
.
'• ;r
Co*—Net, Gross and Sales Rise to New Peaks
—Net earnings in 1947 rose to a record total of $7,991,287,,
more than doubling 1946 earnings of $3,965,779, while
income and sales also established new highs, ac¬
cording to Col. T. H. Barton, Chairman of the Board, and
T.,M.. Martin, President.
gross
Based
last
the.
of
$6,78
share
per
Gross
the
presently
on
capitalization
outstanding
of
1,170,355
shares,
year's earnings were equivalent to $6.83 per share. In July, 1947
common
stock was split two-for-one and 1946 earnings
capital
income
$36,642,192
mately
selling
come
in
was
figured on 585,157 shares
aggregated $54,250,031,
1947
the
volume
prices
were
for
shawn for
63%, of
increases
year's
PROGRAM—Company
growth of ' demand for; its
program
of
facilities
CONSTRUCTION
present
struction
for
Willis
■
of "the
Loewi
"Latin American Ainvays, Inc., N.
SEC
lowing
3V4S..
'
Robins
March
on
shares
27,500
through
working capital.—.V.; 164,
Inc.,
Sept. 1 at office
phia, Pa.—New Liability Secretary Elected—
S.
company
for
each
•
at
Indemnity Insurance Co. of North America, Philadel¬
R.
SEC
$1-)
on
were;
Salomon Bros. & Hutzler offered
*
of record March 30.
In 1947, the following distributions were made:
April 30, July 31 and Oct. 31, 25 cents -each; and Dec. 24, a year-end
of 65 cents.—V. 16.7, p. 1044.
;
22
first
$5,000,000
and
(jointly),
share out of
to- stockholders
March
3%s
on
Lynch, Pierce, Fenner &
Kidder, Peabody & Co. (jointly), 100.439; Harrtman Ripley
& Co., Inc.■ Harris, Hall & Co. (Inc.) and A. C. Allyn & Co. (jointly),
10C,;172; Lehman Bros.v Bear, Stearns & Co. and Stern Bros. & Co.
Beane
*
per
30
awarded
was
for
Offered—Halsey,
March 24 of-
(as soie purchaser)
101.25 and interest
bonds, S Vs % series due 1973,-
100.07.
declared
Inc.,
at
received
Incorporated Investors—Declares 25-Cent Dividend—
directors have
Electric Co,-—Bonds
Gas> &
Stuart &
The
been anpointed transfer agent for the 5 %
preferred
stock, $50 par value, and common stock, no par value.—V. 167., p> 847.
The
Milwaukee,
Inc.,
.-
1,
Illinois Power Co.—Transfer Agent'—
The
,
Laboratories,
SEC—
"
of
increase
crude
of
the
of
the
the.
month"'
included
in
oil
products.
attributed/to
operations
1946.
and
The
fact
refined
less
than
at
the
then outstanding.
gain of 48% over
products sold
remaining
that
chemical
the
increase
year
plant,
1947
whereas
and
in,
in
gross
included
the
a
year
unit
in¬
full
1946
onerflt;ons,.
Net working capital of the company
$834,831
a
The-report pointed out that approxi¬
gross income was due to substantial
end
of
at Dec.
1946,
31 was $9,329,424,
despite
the
only
investment' of
10
THE COMMERCIAL
(1366)
£8,80(5,000 during the year in new property additions.
assets were $16,712,994, versus total current liabilities
ratio
a
of
2.26
to
1.
•'
<
current
$7,383,570,
of
■
"During the year 1947,"
discussing Lion's activities,
Col. Barton and Mr. Martin added, in
"69 wells were completed, of which 46
producing oil wells, two were producing gas wells, and 21 were
dry holes.
In addition, several wells were incomplete and drilling
at the close of the year.
This development program not only mark.
jd,ly,.rftis$d the current-irate of production
42%
December
over
underground
crude
withdrawals
during
oil
(December 1947 production
but, also resulted in
additions to
reserves
substantially in excess of
1946)
and
gas
-
of
income
and services—
and
and
Inventories
7
securities
of
cost)——
(at
receivable
58,913
materials, stock hi.'.process,
supplies!— lv£!u_;_!w
raw
Other
assets
'Land,
—
—
buildings,
Uncollectible
expenses
239,467
41,501
41,801
7,893,052
7,646,103
_____——
machinery and equipment—
Operating taxes ___;
Net
34,724,799
*
-
—
administrative
2,196,154
695s 126
expense
v.:
947,410
_____
$1,469,831
$906,832
2,503,359
_r._„___
for
pensions—
470,981'
w—
for inventories.
647,585
373,271
3,432,185
3,238,409
taxes—_.'Y.
(other tlian income
capital extinguishments———1
Reserve for
shares,
(178,771
value)
par
no
1,780,399
14,431,394 i
operating
$11,657,902
;_
Minnesota Ti-angfer Ry.—Partial Redemption—
$6,094,069
177,994
income-
128,471
,
Total
♦After
Gross
income
Federal and
Net
-
$11,835,896
deductions
Income
!_——— u.
state income
taxes
3,621,295
(est.*
income
Dividends
:
paid
__
NOTE—The stock
'
.
2,048,096- i
split two-for-one- on July
was
• J
s
f
J
•
BALANCE
Y.
ASSETS—
•
854;482
United
States
'
J-
•
r
1947
'
:•
Y
.
/Y"
Y'
1946
$6,688,689 7 $9,095i680
_-7
_
Y'Y
10,-4947.'-7:1
"M
-
,
SHEET, DECEMBER 31
7"' --s'-.
.
Cash
'
'
•
'-i'
-securities.'•'•« reelemption -valued—receivable
(net)^j.il7i-i--v
152,647'. 7-.' 102,676
73,927,763
/2,920,322
.Inventories
!-Y-Y!; ' 7'-:V: 7.7' •.! Y' -.. YY-_77 7 .5,717,546
74,181,722
Cash value of insurance on life of officer.^.-—7 /
226,349 ,
214,659
Investments and advances—!——:
J 489,471 » 7i- 810,312
TPiked assets ^net)______7—_J—7——-7 7,20,663,888 : 14.389,531
Notes and
167, p. 747.
2.022,026
i
Common shares outstanding Dec. 31—----'1,170,355 7,...; 585.157,
Earnings per share—$6.83;$6.78
•'
V.
of
reserves
'
$15,643,335
ift
1948
$16,251,403
and
in
•There
M and M Wood Working
accounts
The
company,
of
one
Co.—Registers With SEC—
largest
the
manufacturers;;,of : Douglass
and
timberlands
on-
its
in
to
presently
profits taxes
remaining proceeds will be. added tot the-.obmpahy's general, funds,
;'■/»'•1
be used for various corporate purposes. <It is expected that scmie^'f-.r
of
the
used
be
construct
to
plywood
a
estimated cost of; $1,500,000.
charges
Amort.;,,or
Accounts
'Taxes
\>V
-
Interest
accrued
~
J__YY_
sinking-fund
for
debentures
due
1959_
contingencies--!
Capital stock fl,171,575
Earned surplus
7
2,509,879
7 6,000,000
5,600,000
82,021
♦wet
V.
8,320,102
deducting $2,002,393
,Treasury
tax
savings
in
and
1947
Public
notes—V. 167,
$1,033,254
1257.
p.
U.
1946
in
.
1948—Month—1947 Y
$1,523,278
Operating
expenses
842,745
683,808 7
8,984,887
6,866,357
222,401
199,256
1,962,850
2,087,430
taxes
taxes
and
Amort,
of
acquis,
Income
fr.
983,912
1,183,080
256,958
/
21,413
revenues
plant
$238,840
leased
-
*
$228,581
the
«
income
income
!__
$236,840
(net)
The
Br 1,897
registration
stock
income
and
$238,989 '
other
chgs
$228,662
43,716
income
Divs.
applic.
pfd.
stock
for
Y__
Balance
—V.
to
167, p.
Y,
the
Income
No.
7, 568,073
356,532
$1,547,140
of
1978,
:
at
100.99%
and
Y
.7'
The
on
its
for
the
bonds
as
3s
were:
-.
Halsey, Stuart & Co., Inc., 100.66; Glore, Forgan & Co., 100.6379;
First Boston Corp.,
100.616; Lehman Bros, and Blyth & Co., Inc.,
(jointly), 100.5739; Kidder, Peabody & Co., 100.57.
the
;' f Net proceeds will be applied
penditures, which
The
They
bonds
also
are
beginning May
Company
engaged in
water
are
l,
is
an
the
at
company's 1943 construction
$8,700,000.
- •■
7.
-y.-r77;;
at
prices ranging from 103.99% to 100%.
through operation of the sinking fund,
at prices scaled from 100.97% to 100%.
1949,
operating
electric
and
public
purchases
utility company and is principally
business.
gas
electricity
It
generates, by steam and
which it distributes and sells
at retail in Louisville and
vicinity.
The company manufactures gas,
purchases and transports natural gas and distributes and sells at retail
mixed gas in Louisville and
vicinity. It also sells electricity and gas
to others for resale and distributes
and sells small quantities of steam
at
,
retail
in
Louisville.
Electric output of this
company
totaled
Ludlow
Manufacturing
stockholders
capital
stock,
on
March
'•
bids
increasing
the
& Sales
fund
the
a
stock
3-for-l
from
split
the
of
178,771
(par $1)
with
the
new
shares
delivered
to
stock
of
record
Subs.)^-Earnings—
sale
1948
1947
gold bonds
of
sum
$9,594,419
1,936,230
1,926,072
723,390
795,235
&
Trust
Co.
of
Y., will until 3
it
due
that
date.
during
cepted
the
of
INCOME
Years Ended—
Net
sales
ACCOUNT
Operating profit
Interest
____
by
1,300,000
.
New
P.
m.
York,
$3,340,564
taxes
count.—V.
Feb.
1, 1950, to an amount sufficient
prices not to exceed par.
,/
at
acceptance
of
tenders
will
be
Plainville,
Conn.
mailed
—
exhaust
to
167,
1153.
p.
.
1,072,626
paid
♦Including
expenses
and
share
:
1,072 628
$9 77
-
_
Y"'V.Y
■
than
Y
and
depreciation,
provision
for
$9.53
manufacturing, selling and administrative
replacement of Lifo Inventory.
;
;
.
with
1948—12 Mos,—1947
1948—Month—1947
;
$2,014,386
___
$1,924,220 $20,574,426 $18,788,363
419,577
5,538,827
5,170,650
440,644
3,705,215
3,146,076
2,171,451
1,707,223
—
"
approp.
* >
125,000
125,000
•
of
■'
utility
plant
Y
-
; :
Y
Net
$903,935
oper.
revenues--
income
$938,247
4,459-
$7,641,959
13,113
;
$7,247,445
3,632
72,063
52,736
$941,879
$7,714,022
Y
;
87,811
96,719
1,139,216
$7,300/181
1,450,032
$320,633
other
and
' 3,861
'
13,113
(net)_
income
;
3,861
•
,
.
acquis, adjustmts.
1,500.000
1
1,500,000
Y; t !
>
limited-tqrm^ift
ot
investments
Int.
Net
$845,160
$6,574,806
$5,850,143
stk. for the period
957,534
957,534
$5,617,272
$4,892,615
$908,444
chgs.___
income
.V
,
52
Vice President and
years of service
Balance
—V.
Screw
will
167, p.
income
Calif.,
Albert
E.
Paxton,
District
P.
publisher
Methods"
and
has
of
been
named
Regional
a
News-Record"
District
Kearns
818
and
Vice-President
of
the
north
';
and
of
the
company
to
N.
present
also
Managing
Editor
of
"Product
appointed
Stanley
A.
Managing
Editor
of
Tucker.—V. 167, p. 1153.
company
interest
4%' sinking
made
at
has
called
first
and
fund
any
(Yukon
for
entire
-the
for
mortgage
all
of
bonds,
branch
Territory
its
series
of
redemption
3»/a%
on
serial
outstanding
A,
The
at
103
Engineering"
World,"
"Electrical
:
159,
April
first
15,
A,
-mortgage
of
1148.
all
next,
series
interest.
Bank
p.
1
<
is
company
to
be
sold
at
;
10
a.m., at
Lake
City, Utah.
It will consist of mines
at Rio Tinto, Nevada
(about 85 miles
buildings and equipment, which includps
property
will
only
be accepted,
all bids,—V. 166,
and
Y;
■
Y
;
On Jan.
'
,|.
*
•,>v®
■
1948
1947
$38,768,000
$17,186,000
2,127,000
875,000
$6.35
sales
167,
company
1054.,
■
(& Subs.)—Earnings—
profit after charges and taxes____
Earnings
per
common
share
—V.
the
p.
'■
$2.61
Y
255.
p.
Gypsum Co.—Sale
27 the
,
,
of Preferred Privately—
directors authorized the sale of 11,150 shares of $4.50
cumulative
bonds,
and
Canadian
excepted).—V.
stock
Proceeds
1635.
p.
to reject any
Y
National
Mercury Mills, Ltd., Hamilton, Canada—Bonds Called
outstanding
capital
rata.
Morris Plan' Co.
of
•Nine months Ended Jan. 31—
duties.
Blackmon,
been
succeed
pro
flotation mill complete, hoist, compressor plant, machine shops,
building, cottages and apartments, warehouse, stock, etc.
•
Y
•
Net*
as
his
authorized
stock
Net
whose resignation as District Manager becomes
and J. M. Rodger, former Regional Vice-President,
a
Vice-President.
Bcger, publisher of Aviation Week, will take over the post of
publisher of the two magazines Mr. Paxton has been directing, in
to
this
of
Salt
located
surface
National Battery Co.
F.
addition
claims
Elko); all
reserving the right
1,
continues
property
Building,
mining
office
Allen,
D.
April
the
capital
450-ton
of
Manager
increase
to
purchase additional
to
subsidiary.—V. 164,
a
entire
The
.
Inc.—Appointment—
"Engineering
voted
which will be offered to stockholders
used
■
-
Mountain City Copper Co.—Sale at Auction—
Bid
"Construction
Y-;-:/
1,
167, P. 943.
Products Co.^—To Issue Shares—
'
Investors Corp.—Stock Increase—
have
directors
be
$408,765
$476,307
2561.,
$250,000,
1946-
1947
.
;
166, p.
The
by
of
retire April
-
_
Corp. of America—Earnings—
Morris Plan
'
11 v
McGraw-Hill Publishing Co.,
1046.
—
Years Ended Dec. 31—
Net
—V.
y,
director,
a
—
-
Morris Plan
would
with the company.—V.
applic. to preferred
—
it is said, plans the issuance of about 150,000 shares
of
(par $1) late in April, to be offered for subscrip¬
tion by stockholders.
Proceeds would finance recent acquisitions and
moving of plant.—V. 165, p. 3286.
be
resin coating combining flame- :
and
weathering char¬
\ u '•'»
abrasion
by this company.
the new product, named "Ultrasol," was made
B. Rutter, Vice-President
and
General Manager of
the
Merrimac Division.—V. 167, p. 1154.
'
taxes
Gross
The company,
common
stock
Canada
exceptional
announced
158,924
v
such
to
Offered
!
'-/y;-''
>
Masco
and
266,856
$1,312,910
282,472
such 18-dayby the trustee
Stock
.
•
The
266,856
$1,424,530
341,490
■
its
the-period
687,104
retir. ^and .dqpletiM b^'no "4
Amortv
>'
■
r
Massachusetts Mutual Life Insurance Co.—Official Re¬
1,301,638
$1,703,859
-
$1,691,386
taxes:—'• Y203,267
be
_
has
$1,579,766
economical vinyl
new
a
revenues
reserve
used
to ' purchase
equipment, finance work; in
promote sales, etc.
' -.V Y.
-r
!
Company is engaged in engineering ar.d development of the Markley register, a machine for the automatic integration of time and
.to
$2,266,870
Prop,
1948,.,receive
Marcy first mortgage leasehold 6% sinking
of
Corp.,
will
•
1,468
-,'Y
$191,871
83,770
expenses •_•_
Federal
13,
$3,005^497
1,593,673
$1,746,891
Net profit
per
93,396
468
Other
30 Broad
trustee,
April
on
process,
Hendley
$2,912,101
78,905
Profit before Income taxes
United States and Indian income
Earnings
___
$25,207,568 $21,584,311
21,945,909
18,672,210
$2,265,402
i.
Operating
& Middlebrook, Hartford, Conn, and Carstairs
Co., Philadelphia, on March 15 offered 37,790 shares of
stock (par $1) at $6 per.share.
■;/<'.-V
R.
84i;000
$2,489,133
yyz 624
$253,922 S $2,489,757
62,051 798,371
$300,848
-
862,420
978,417
—
$253,454
36'
-,«■
1,041,962
77,000
Montana Power Co.<-Earnings---y
$0.82
.
Coburn
who
Dec. 28,'46
95,911
"
announcement of
Josiah
common
spcceed
Jan. 3,'48
,./•«
.
Proceeds
^
1046.
qualities
Dividends
effective
$3,261,659
—
income
Dividends
"
<
*
♦Cost of operations
The
►
20-day-period after April 13, 1948,-and the bonds so ac¬
be received by .it
within
10
days after the date of
by the trustee.—V. 166, p. 270.
Markley
..v.
y
must
acceptance
&
•
to pld. stock for
acteristics has been
Other
Western
CONSOLIDATED
(Including Ludlow Jute Company, Ltd.)
Y
Period End. JarrT8l—
been tendered, such tenders shall not be accepted
extent bonds may be purchased in the open market during
Notice
$300,812
:
chgs.__-
Y
.
$1430,837
1,300,000
Bank
$49,890
r**95;417
$217,078
p.
resisting
$12,559,061
;■
to
107,827
*
-
;
Production of
1
shares
on
-
________
167,
Amort,
no
par
value to
536,313 shares of no par value.
The stated
value of the stock will remain at
$14,431,394 as at present.
It
is
expected that the stock split-up will become effective on
14,
applic.
-V.
or
May
•
other
Light Co.-r—Earnings—
1948—Month—1947'Y-1948—12 Mds.—1947 V
$1,291,220 $14,555,295 $12,360,960 !
790,985
722,479
8,465,833 4 Y 7,140,800'
V 173,446--:'/142,376
1,579,950
1,281,138.'
$1,468,487
-
revenues
Balance
All tenders are to remain open for a period of 20
days after April 13,
1948, and may be accepted at any time within such 20-days period. To '
the extent that bonds may be purchased in the open market within 18 *
days after April 13, 1948, at prices less than the prices at which bonds
cor¬
Co.—Split-Up, Etc.—
authorized
outstanding
(&
1258.
the
for
*1,363,861
$1,292,463
Monsanto Chemical Co.—New Product-
$0.89
Joseph C. Behan,
for the week ended March 20, 1948,
15
May 20,
5V2% pre¬
stock
common
shares
N.
&
iy;
!
income
SEC
shares
Marcy (Largo Realty Corp.), N. Y. C.—Tenders
after more
34,430,000 kwh., as compared with 32,422,000 kwh. for the
responding week last year, an increase of 6.2%.—V.
167, p. 1258.
.The
and
747.
p.
charges
Continental
tires-!—
Weekly Output Increased 6.2%—
»
the
,
V
approp.
Gross jhcbme
$1,212,840
(The)
ex¬
redeemed
and
power,
estimated
redeemable
be
may
to the
167,
with
share
per
167, p.
period.
.
received
shares of
85,000
1948.—V.
13,
$116,703'
Statement With¬
12.000
Cf4,090
•
:___Y_
oper.
have
interest.
accrued
competitive sale
bid of 100.684.
Other bids
7365)< filed
debentures,
CrS7,244 *
C)T,664"
$74,288-
Other, income.
trustee
y
'
common
The
$1,582,790
bonds, 3% series due
1,
after
Street, New York,
1 ''
".
Operating
356,532
-
-
—.
retir.
res.
Net
$1,939,322
Louisville Gas & Electric Co. (Ky.)—Bonds Offered—
Harriman Ripley & Co.,
Inc.; Union Securities Corp., and
White, Weld & Co. on March 24 publicly offered $8,000,000 first and
refunding mortgage
March
appointed
f
:
Earnings
period
group was awarded the bonds at
bpen
a,
Balance
$2,507,395
$1,903,672
$184,737
U
expenses _!__ •
company's
-
7' -'-7
:
taxes
511,592
;•/
___
1258.
Prop.
49,441
■
$2,415,264
43,925
$195,273
—
(No.
serial
and
$25)
Feb.
sales
—V.
;■ f. Net income
v-v-
has
*
$81:993° ' $126,753 >" $1,398,001 " $1,484,455
-:■.7,705r.."';r;io,o4$
" 105,53s:■■■• 120,594
Federal .taxes.
Other taxes
'
-
Gross
r ^Operating
;
f-.
Divs.
statement
(par
withdrawn
Net
$2,457,954
10,281
—
Operating, revenues
privately to John
Corp.—Registration
Marathon Corp.
$2,459,851
$2,404,983
Co.
1153.
p.
Quarters Ended Jan. 31—
74
-
Coil
covering 500,000 5%
ferred
was
0ri96
$228,588
149
r
i
Trust
&
167,
t"
■!'.
167, p: ,748.
Net
Net
Operating
Bank
Hanover
£Y298
Mississippi Power
Y
Debentures^ Placed Pri¬
$625,000 short-term bank loans and
retire
to
256,958
$2,405,179
7
i.
used
debentures.—V.
Manhattan
-7
-
.
others
—V.
7
drawn—
897,352
1,095,583
21,413
7
be
^
credit.—.
construction.
1947,
104,583
utility plant
adjustmts
Y„ Net oper.
80,003
86,000
-
retir.
_
•?
Balance
Int.
$1,299,061 $15,689,369 $13,751,028
93,296
___
deprec.
reserve approp.
will
Central
revenues
Int.
Service Co.
1948—12 Mos.—1947 7
Operating
Federal
$4.63,
stock-!
pref.
on
*«•.:
-
•
,
J£l,500,000 15-year
Proceeds
for
Y
Divs.
597,335 V
carry-back
tax
4V4% debentures, due Jan. 1, 1963.
S.
Louisiana Pewer & Light
Co.—EarningsPeriod End. Jan. 31—
Other
$7,500,000
company on March 11 sold
Mutual Life Insurance Co.
Hancock
for
to
to
-
.
' V
_
Period End. Jan. 31-—
Maine
$39,348,196 $32,930,212
—
♦After
Other
effect
vately—The
Total
.Prop,
$11.03
;
giving
2,764.555
'
NiK''
597,335
income_'r_l!__^_
Net
1258.y 'y
167, p.
189,895
nfter
loss
♦909,025-.,
sf 747.335
■
•
.
Other ' deductions--!!CT436
12,469,411
14,263,294
—
8,244,153
shares outstdg.!
Earnings per share——
18,850
12,469,311
.___
shares)-:
!.._!___
par
no
sales
common
,
debt ;; disc',,
1945
7" 1946;.'
'
•.
$•'.•>';!:*„!_C— 124.829.534; 36-714,696 122,207.974 !
Number of
.
2,707,983 '
_Y!Y/
___________________
r1947
Net income after charges and taxes-
$3,915,837:. $3,192,892
309,751. .
229;183
__
accrued—
Interest
Reserve
Net
-
,
lay able
Payrolls .and
3%%
■;
|..f
$39,348,196 $32,930,212
"
•.<
'■*' ■■■"-It'r-fin-kvr:
premium .and.,expense *
"Maclt Trucks, lnc.^
1.215,311"
*
Calendar Years—
LIABILITIES—
:
1,481,844;
--___!!;.•
Total
income
Gross
723,515 '
crc
'
'^Eureka,.p.tPss income--------. '" /f lG9,6'I5 V $147.32<r;f f,Cf2,337'>l, 746367 "
272,260
on long-term debt '~ . 28;357' '
22,589305,554
plant /at
'■*
.
;
795,920
154,628
C$3,695 -;-, «77soao i
F.,,Vt
s
wi1!
funds
at an
9,233SZ-Z< 57,710
'
The
Cal.,
•
through;
..
.
.•
notes
and
next,
l.
'
company,
contracts
purchases
June
Period End.: JanT31^-r v
1948^—Month
hAl947
,1948^-12 Mos.—71847- V
V! 8586,067 i' $7,364,905 v> $$,501*,559 .
,Gross ' "revenue-x 'i $646,663
Gperatihg expensesvi!343.246."-' V "227,71f t ^2«f90«.^''2»57t.687 *
•' "47; 167
Prov. for depreci-u.i.i—
!. t'' 572,230.
516,060
53.4J7";
Amort." of plant acquis.. '
—
Deferred
redemption :on
|Mississippi Power Co.
.
—
..
for
'adjustments
* 9,233 ";
will alco pay the balances
General taxes...>^7"'
relating" to^ timber ■' and
; >FedvlnCj, & excess
^;
13i;i53:"
aggregating approximately: $1,563,000..
The
Oregon.
outstanding
timberland
called
.
fir;
plywood and Douglass fir stock doors, filed with the SEO March 25J i
1948 a registration statement covering 293,076= shares of\capitat. stock i
ipar $5).
The public offering price will be-'filed later "by amendment.
Kidder, Peabody & Co., is named as the principal. underwriter, ss
'.v >
Of the proceeds approximately $3,017,400 will be usedv to:- purchase;
75% of the capital stock of The E. Richardson Co.£ which holds timber;
due
been
of; the
sinking-fund,: $20,060 of first mortgage 3%% coupon;
bonds, dated June. 1, 1936 at 104 and interest. Payment will be' made
at
the First Trust Co. of Saint Paul,
trustee, First National Bank)
Building, Saint Paul,. Minn.—V. 165, p. 1593; '
r
" >
'
'
have
operation
1946.—
234,736
$7,991,287.; $3,965,779
——v
—
$6,222,541
„
223,314 !.
____
—
$33,784,6^2 $30,481,366
——
C
;
,
10.449,697
■
Net-
Other income
-
company, is inviting bids for the purchase of $7,000,000 first.
mortgage bonds, series due 1969. Bids will be received by the company •
at its office, 415 Clifford
St., Detroit 26, Mich, up to 11 a.m.;
EST) *
April 5.—V. 167, p. 943. '
'.t'V'v-..v,- " v'"-'V;
287^28
.'2,888,847
__
899,043
—
"The
14,431,394
contingencies--—!!^-—!-i-!---!-
Capital stock
$913,184
620,499
charges
167, p. 850.
.
1,059,390 V
1,059,390.
—_—^—^—!•
.
income—$704,641
Bonds Asked— ;
.
1,565,765
,
v
Provision
Reserve
taxes-.—-
6,263,725
995,190.
899,985
Michigan Consolidated Gas Co.- -Bids for Purchase of
.
*
Accounts payable and accrued expenses--Provision for
10.9ro 8H0
Taxes
Provision for
after
Net
$33,784,692 $30,481,306
LIABILITIES—
1946
24,045,163
operating
23,374':
$8,172,699.
;• .•?
I
——
$8,195,473
$8,902,005
7,297,379
.!__
revenues,-^——
,
45,652
.
Operating expenses —i—-
10.611.680
297,293
•
$8,947,657
operating revenues—!-!;—
Operating
,
.
12,490,822
manufactured goods and
Prepaid insurance premiums and other,
2,046,135
»
.
1947'
1948
'
_i_l!
revenues
94,390
-1,849,579
(less reserves)
Month of January—
Operating
8,346,781
8,978,479
.
J—.
'46
$1,454,944
,$2,175,052
—
investments——
on
notes
Michigan Beil Telephone Co.—Earnings—
Dec. 28,
Jan. 3, '48
;
Total
$54,250,031 $36,642,192
_____
Belling and marketing expense__-_„!_—•—2,840,148
General
Accounts
INCOME ACCOUNT CALENDAR YEARS
1947
sales
Interest accrued
in. banks.i_
—V.
•
operating
Cost
Government
and
1947."
COMPARATIVE
Gross
U.
S.
hand
•'
on
Monday, March 29, 4943
SHEET
BALANCE
ASSETS—*'.
Cash
,
were
was
CONSOLIDATED
Total
,
CHRONICLE
FINANCIAL
&
at
of
101
15-year
Payment
Commerce
"
will
in
preferred stock (no par) for cash at a price per share t»
be fixed by the President, but in such amount that the consideration
to be received, after deducting all expenses and commission, shall be
least
at
The
$90
for
company
each
of
intends
the
to
shares
sell
the
sold.
stock
to
W.
E.
Hutton
&
Co.
for
cash
provided that the consideration to be received after deducting all
expenses and commission shall be at least $90 for each
share plus
accrued
the
dividends.
shares
more
than
to
25
offer
It
at
persons
is understood
that W. E. Hutton & Co. will buy
price estimated at not less than $90 to not
who will buy with a view to investment And
a
Volume
with
not
$3
&
'
to
to
added
to
to
•
The
-
sale
proceeds to, be received
plus accrued dividends.
working
iacilities
■
the
net
as
acquired.
Stock Exchange
of
notice
and such-new
.year
'',Z •;
;■
•
■
,>;Z;Z;'ZZ.
Z Z--
\'i'r
'
1947;
Contract
Selling,
•'
fees
income
Total
—-—
$8,789,139
$6,442,022
$2,081,532
—--
503,612
582,721
198.048
$9,292,751
$7,024,743
$2,279,580
554,039
406,314
492,552
3,465,591
2,594,476
786,412
-
income
-
-
Deductions
•Federal
Net
—
taxes
income
on
$5,273,120
_____—Z„ V, 38.6,303
dividends
DEC.
SHEET,
BALANCE
CONSOLIDATED
$2.21
$2.83
'2
ings."
LIABILITIES—Accounts payable,
and salaries,
.
state
Federal,
Savings
delivery of
v:-
its
■„
take
desire
shares
based
that
the
on
the
of
in
on
the
the
current
also
"-.National
Steel's
compared
pre-war
r
iln
with
8.53%
of
years
ratio
in
stated,
to
earnings
and
1946
to
1936
pointing out the
Chairman,
of
an
sales
ratio
of
ratio of earnings to
is
clear
that
totaled
with,
volume
*
'•>
10
hold¬
time
was
to
and
store
started
was
opened in 1921.-
time
for
Practically
100 000 shs
312',000 shs!
until,
at
The
in
business
to
FJ-1
V'1 !
the
present,
of
City
this
was
by the
co^ts
-
and In
the
other
business
ail purchases
purposes,
made
are
Company
located at
r°'t
1
also
is
negotiating for
12th and
Main
14,
Sept.
of
the
Street,
UNDERWRITERS—The
preferential shares
-
...
meeting
a
the
the
of
sales,"
earnings to
in
&
Griffen
within
addition
which
26.000
to
steel
made
of
(
carried
the
of
tons
possible
in
National
tonnage
volume
a
fact
the
are
that
they
of
to
and
2,
Dec.
Dec.
were made
last year.
2,
last.—V. 166,
20,
purchased
■
.
by
each
&
Net
sales
Cost
of
167,
Gross
Other
Other
$224,680
State
206,116
City,
25,515
23,526
11,328
5,356
material
shipments
from
and
sales
-
Year
The
1M7
1946
$5,033,420
3,809,131
$3,131,799
expense
and general
93,431
1,061,617
2,302,135
659,470
$161,846
$170,194
less
profit
$18,828
4,890
:
normal
;
44,445
said,
"in
the
during
same
time
that
in the company's history
operations."
•■• Z ./Y/Z
its
was
ACCOUNT
FOR
view
presented
the
to
Corp.,
(EST)
company,, at
Church
30
30.—-V.
March
on
income
and
982
surtax-
1,509
9,000
76,973
74,500
300
tax
2,580
2,500
for
$125,756
$120,779
period.__.__
St.,
YEARS
office
$14,211
of
retirement
lim:ted-tcrm
.it, i*.
V
•
.
Net
•;■
-i;:
-
Totol
'■:
.V.V.v'.'
-i
i" '
.
iZZ-i:
sales
income
Materials,
and
and V"
Amort,
•>'
.i
239,764,320
271,832,560 252,357.463
150,759,937
electric
72,030,360
Net
:
8,192,976
8,168.486
debt
taxes
-
23,087i
1,257,143
______
■1,257.143'
Z 24,529,848
_________
•
Net
earnings
Earnings per share...r
10,751,369
$5.04
Federal
Fed.
.
;
,
income
excess
Postwar
profits
tax
19,270.000
6,900,000
.!
9,100,000
______
CONSOLIDATED BALANCE SHEET,
ASSETS—
Marketable
"Notes
and
deposit.
on
securities-—short-term
and
accounts
,
!
•
Other
;
assets,
.
/
tProperties
Deferred
.v •
;
„
•
15,368.053
.8.967,518
151,655,244
2,356,424
V
Bread
payable^-trade
royalties
Accrued
taxes
Accrued
_________
tFederal
Purchase
on
money
Res.
approval
$500,000 5%
Co.
income
preciation
Z
mortgage
for
3%
prior
oper^
(par
years'
value
&
gen.
;
Z
res.
de-
•
$255,000
"After
4,216,682
4,180,342
v
3,135.022
11,642,619
taxes
Tin
._•
--"After
reserves
reserues
for
in
and
1947
1947,tand
held
National
total
1947
39,037,665
$1,182,281 in 1946. ' tAfter
and
of
in
for tax
1946
U.
S.
Treasury
payments).—V.
167, p. 748.^
.
,,.
Redemption—
of
15-year 4'/4%
sinking fund debentures, due
Oct. 1, 1960, have been called for
redemption on May 1, next, through
operation of the sinking fund, at 103 and interest.' Payment will be
at
YojrkZN.
The
Marine
Y.—V.
,;67,.
Midland
p.
1154.
Trust
...
ZZ
Co.
,
,
of
.
r
New
York,
Z-
made
trustee,
New
335
other
' $626,000
to
Federal
138,000
prior
$0.10
$0.45
issued
corporation
and
of
■
v
metallic-tin
.
.
.
items
*
demption—
The
' 1947
interest.
Boston,
6%
Payment
trustee,
called
30
will
Corp*
for
86,000
provision
taxes)
163,626
166,882
833,270
income
598,000
taxes:
year
years
131,894
108,303
253,360
stock,,
253,360
1,326,613
1,326,613
market de¬
no
value
par
(200,000
shares
outstanding).
2,773,507
1,756,050
$6,268',193
a
$5,196,506
made
at
Congress St.,
of
Seattle
**
The
'
be
director®
in
1947
in
the
on
it
167,
that
determined
this
year
there
either
issue
on
the
April
on
1947
issue
is
was
of interest
debentures,- due 1960.
the 3y2s during
Interest
1
no
available
the
on
15-year 3Vfe%
interest Will
Accordingly,
Oct.
or
1,
net
no
1948.
No
interes-
because of a net loss of $2,550,710
payable out of earnings of the pre¬
indenture, if interest is deferred in whole or
be-paid in succeeding years to the extent earned.
Under the
year.
part
—V.
have
for payment
income
on
paid
1946.
ceding
Re¬
in
paid
was
66.2c
Partial
,
must
655.
p.
'
,
on
May
due
Jan.
The
National
Boston,
—
for bad debts of $134,058 in 1947 and $^8,199 in 1946.
for,depreciation of $565,737 in 1947 and $483,714 in 1946.
-v-V . ;
reserve
reserve
136, p. 4103.
convertible
1,
1,
next,
at
1962,
Rockland
Mass.—V.
161,
p.
$22,000
100
and
Bank
1
Philadelphia Electric Co.—Weekly Output—
■
The
of ;
Drugs, Inc., Kansas City, Mo.
2560.
167,
output
of
March 20,
6,490,000
—V.
Preferred
—
electric
week ended
of
Parkview
8,404
"116,000
surplus
income
:"Z',' Z' ZjZ'.Zv!
.
redemption
debentures
be
fiscal
592,893
14,878
Pennsylvania-Central Airlines Corp.—No Interest—
465,800 V
80.4c v
■•Z':""Z'"Z
income
1946
601,700
«ZZ
corporation has
25-year
fiscal
$300,000
______
and
v!
•
l_-
Building
tAfter
—V.
its subsidiaries during the
corresponding period of
1946,
Z" Z'-"''" ...'./•
/'*•■. Z',*
'►
.
p. .2562.:/
Paramount
r
income
of
•
sold.•
price
166,
$5,196,506
'*
(excluding
Total
and
in: the
<
Quarter—
income
and
Earned
$0.22
excluding
8,213
1,001,149
107,000
but
29,398
l,19s!530
etc.)
Common
$236,000
recoveries.
2,533,592
$655,047
liabilities
Federal
for
current
For
$343,000
$488,000
•
$313,394
1,310,75'
34,311
9,447
assets
business.....-.:
employees' credit balance..
employees' profit sharing trust____
accrued
clines,
;
ml
SLT.114
1,897,176
2,940,617
;
Reserve for contingencies (inventory
37,000
charges
the
1947,
in
SU-.J
W;
31'
194y •■;•)
and
For
to Travelers
$116,000
loss
war
PEC.
payable—trade
Provision
the
$0.19
bv
of
follows:
Average
-^tV.
$161,519,715
$18,750,000 in
notes—tax series (pur¬
Vulcanized Fibre Co.—Partial
$238,000
of
and
quarter
as
Fourth
87,110,571
depreciation, depletion and amortization
$154,069,304 in 1946.
tAfter deducting
$3,750,000
and
in
arranged
1947—12 Mos.—1946
>
3.200,000
292,361,297 281,199,450
of $1,211,460
sales
fourth
'were
10,824.006
55,766,050
.
$153,000
45.000
share
relat-ng to
expense
of
Total
Contrib.
Other
$210,000
income
Pounds
40,000,000 ; 40,000,000
105,026,291'
._____•_•
(EST),
(& Subs.)—Earnings—
1947—3 Mos.—1946
ZI't .VVZ:>"/
$2.25
$6,268,195
Customers'
Z- •■'Z:Z'
..
denlet.
and
per
155,211
39,040,540
surplus
A.M.
$100)
(par
' '
' '
has
$2,326,661
$2.64
payable—banks—unsecured
Accounts
Z". ZZi ZZ
company
cumulative preferred stock
'
55,770,425
taxes
Capital surplus
fiarned
•401,119
10,125,000
series
$25)—
11
Z
'■
$3,148,503
--.■___-______._____ZZZ
__.
"After
300,000
523.982
:
1,
stock
300.000
____._Z- ; ; 128,340
bonds
stockholders,
of
ZZ'Zr '■ ^ "Z '!;Z--Z
before
Earned
1,591.016
2,713.503
520.000
for
for
Capital
:
(estimated)
1965__u_____i._C__i.^_______,
relining, rebuilding and repairs Z
general contingency, inventories, etc.
Reserves
Res.
3,311,003
V
income
mortgJ(ges_
(collateral)
April
£7::?'
-l:
accruals
taxes
to
up
7
Pacific Tin Consolidated Corp.
25.794,967
395,438.
:
'
interest
Miscellaneous
A- £".
292,361,297 281,199,450
etc.____'__Y --28,350,955
accounts,
St., New York,
945,>
p.
Period End. Dec. 31—
"Net
Net
Accrued
made
167,
the
to
Insurance
2,346,870
V
—
A
11
Notes
Onondaga Pottery Co.—To Sell Preferred Privately—
LIABILITIES—
chased
30.—V.
Subject
9,094,803
173,469,067
Total
due
Bank,
Depreciation and deplet.
Accounts
First
March
sale of
•
31,848,461
-667,395--. • 602,437
!
___./.
National
$1.00
$15.41
.____
h'and.r.
other
used
$4.93
$1.60
$20.50
—
and
assets
200,000
$6.80
LIABILITIES—;
is inviting sealed, written proposals for the purchase,5
it of 65,000 shares of Cumulative Preferred Stock
(par $100).
proposals will, be received by the company at the offices of
38,555.303
_
;
charges
1946
_
70,283,582
21,088,009
_
_
;
'
;
'
$
notes......
—:v '6,000,000'
__
tFixed
company
Chase
320,000
r,
Investments
for
1947
,
Investments *____
Such
253,360
Z
1,239)583
.1,958,000
985,084
•
de-
;
shareholders.
472,500
540,000
1946
1,359,544
market
share.!
per
324 972
stock
31
41,257.581
-
receivable.
Inventories
-
s-_i.
inventory
and accounts receivable
Merchandise inventories
Prepaid insurance, rents, etc
Total
from
Cr845,000
inventory market
COMPARATIVE BALANCE SHEET,
Proposals for the Purchase of Preferred Stock—
011
■■:£
,
hand
on
:Z^ZZiC' :Z
DATA
$24,223,261 $18,873,508
-
ASSETS
-
stoek—.
11,125,000
-.
DECEMBER
;
Cash
'
„
stock
6,920,000
______
cash
capital
ratio
$4.87
13,875,000
tax.
credit
cash,:
preferred
The
taxes..
in
preferred
Common
ZYZZi
.Y,
v
paid
cumulative
cumulative
.*
"Includes:
for
Cash in bank and on
$3,766,881
6j0,736
Texas—Ann. Report
share_________^__._
per
value
Current
1,408,361
701,483
"
STATISTICAL
share
per
8,022
$3,735,103
7%
21,357.350
11,117,764
OTHER
_l._____j.___
in
of
$5,175,243
1,346,997
;
4%
•
26,838.788
20,461,651
$12.63$9.17
paid
^
$5 082 101
for
reserve
!
Number
$5,167,221
591
u.
'
1947
reserve
Working
——
deductions
ineome
Dividends
1,724,553
2Q;139,581
.
■
1,757.582
$5,081,509
c__
AND
"Notes
Net
1.462.982
18,296,178
1,897,715
Bock
2,067,000
;
ly4/__
:
etc.
Dividends
23,110
2,060,000
6,166,371
1'
■>
income
Total
8.297.275
10,413,834
.
ii
•
453,819
EARNINGS
etc.
to
Earnings
investments..
income
Gross
Additions
1,624,717
income
on
624,397
1943
>,
before
income
declines,
1946
$527,383
589,385
'
i
1944
373,897
—
Dividends
-'tt'Vt'v.t'vVf.;',
68,044,691
12,853,292
taxes
1°43___
336,598
...
1,234,733
»_L^.i
income
sales
1,717,280
"'r:-rNet operating ,income.____.____
137,677.036
72;813,859
Federal
for
550.
SALES,
1,822.239
taxes
Other
121.064.809
depletion..
-long-term
..
90,106.223
emerg. facil.
and expense on
"Total
,"v
Other,
$
.
.
c'" ?q
; v
-
of
Interest
$
''
175,251 290
_
salaries..,.
and
.-...Vv
f
330,836,584 242,086,616'274.092,944 254.018,645
services
other expenses
Wages
Deprec.
-*
328,957.189
Provision
CALENDAR YEARS
Calendar Years—
clines,
reserve__-_
FOR
"
p.
6.617,524
;___
for
Amort,
>
167,
7,653.436
Maintenance
SALES
Peden Iron & Steel Co.,
Houston,
$20,255,268 $18,491,888
^
NET
$350,503
_________
_•
—V.
of American
8, N. Y.,
1947
Operating revenues
Operating expenses
!
•1944 '
-vZ1 1945-
1946
STORES
1942
New York
1048.
'
-ZzZ
1947
..
DRUG
1941________._____.____
167, p.
12 Months Ended Dec. 31—■-
the
being
;*YY,/Z:Y'/
CALENDAR
be
Service
Oklahoma Gas & .Electric Co.—rEarnings^
Approp.
INCOME
to
are
11:30 A.M.
$199,287
355,919
Net
v
Weir
Co.—Public Invitation for Proposals for
Bonds—
•>;-.!''',".Z:!>ZZ
klectric
&
29,033
$206,291
$23,718
207
_________
proposals for the purchase
bonds, series due 1978.
Such
before
\'Z
;•
Mr.
program
throughout
Z CONSOLIDATED
achieved
Gas
t
___!
tax
1939—_____
company is invitfng sealed, written
it of $40,000,000 first mortgage
proposals
4,'46,
to
Sept. 30,
1947
income
1938
Power
Purchase .'of
Jan.
Ended
350,670
deductions
Net
,
,
t.
Inc.)
$462,929
McFARLAND
all
exceeding
'/
'
'
Z--ZZ
Total* income
$15,472
i'
\
■"
'
1
$21,5" 4
'
<
Z
185,682
,
:
>
5,000
Sept. 30,
income
$253,165
851.
p.
10,000
recoveries
$224,933
253
—.
of Shares
80,000
INCOME
Kansas
__;
sales...
Provision for doubtful accounts,
$253,862
697
revenues
follows:
5,000
1^47
.
h
store
the number oi.
Oct. 31,
Selling, admin,
i
Co.—Earnings—
—-—
Kansas City
,-ZZZZZZ
OF
no»
Ended
(Del.)—Weekly Output—
revenues
as
Month
1948
operating
in
Vaden, Inc., Raleigh, N, C
STATEMENT
increase of 7.8%.—V. 167, p. 1259.
an
location
are
ref¬
store
Kansas__ZZ_ZZZZ**
121/*
of
with
drua
a
No
1940
production.
In
the company
outside sources
year
•
it
Kansas City stores
of
-
to
extra
its
Blosser, Chicago
the common
on
An
.
Ohio
furnaces,
office
Rexall Drug Co
for
acquisition
668.
p.
after■'chargesi^^
—V.
year,
office
buyJn*
of the underwriter^
and
names
be
history of
be paid
the
preferred dividend is scheduled
operating income
from
peacetime
any
war
Steel
remarkable,"
more
were
construction
on
of
of
:iS
records
heaviest
highest
firm's peak
the
produced
records.
"These
r
production,
considerable
a
previous
steel
retail
to lhe stores from the
Holley, Dayton & Gernon, Chicago
"All
salaries,
and
wages
Net
shown
as
he commented.
16
general
central
a
downtown
a
Beecroft, Cole & Co., Topeka,
common
shares, and
President, reported
largest
•>
Straus
expressed
thisjeompany for the week ended March 20, 1948,
kwh'.^a'S" compared with 54,307,000 kwh. for the
.Operating,, taxes
price of iron and steel scrap? tin and other materials have
important bearing on the increase in operating
company's
converted
,
by the continual increase in costs
ratio
the
increased
UP°n the premises on which the drug
*
d
Federal
.
The
came
offset
the
1912"
was
operates
including
through
erence
preferred
Courtney,
Operating expenses
particularly
a
costs."
.
in
markedly higher, and the increases in
the
had
„
than
more
decline
were
in
stores
company
The company is now
negotiating with the
to a non-exclusive Rexall franchise
the
""•
for
was
payments on
the
is
It
revenues
Uncollectible
Net,
sua;-
a pirarmacy in Kansas
Kansas
number
,1,947, in
•
Outstanding
800,000
central warehouSdesmeiChandiSe iS distributed
able
■
date
the
as
on
T. E.
Ohio Associated Telephone
sales, E. T. Weir,
of
Parkview
store
stores
April 10—
on
shares.
dividend
payments
of
•
next
paid on
58,541,000
Operating
terms-of dol'ars, are due solely to the increase in the volume
flf production and sales.
V.While there was some increase in selling prices during the year,
FINANCING
100,000 shs.
industrial distric
Topeka. Centrally located warehouses are
operated in both Kansa.,
City and Topeka for the purpose of
supplying merchandise to th.
the
earnings
$4.50)
(par
of
.
Month of January—
1947,
in
9.64%
increased
the
synchronize
corresponding week last year,
'
declining
it
for
8.16%
1941.
"Thus,
April
common
Northern States Power Co.
Operating
was
average
the
,
1947, according to the annual report.
etc.
PRESENT
Author)7«,H
stock
Period—
tion's ratio of earnings to sales continued to decline dur-.
l»g
to
The
Electric output
•
stores,
in
Kansas City,
Mo., and five retail stores in Topeka
Kan
(acquired, from McFarland Drug Co. Feb.
10, 1948).
All of the retai
in
Kansas
City are in growing neighborhood and
suburban
districts.
Three
of
the
Topeka stores are in downtown
locations
a
neighborhood district and one is in an
to start
shortly.—V. 167,
bomber
B-45
Quarterly distributions of 12V2 cents each
Z National Steel
Corp.—Annual Report—Despite the
highest total.of sales in the company's history and a
new peacetime record of steel production,
the corpora¬
of
TO
■
partic;
(Parkview Drugs of
June
>
EFFECT
($1 pnr)L'_V—_v
1.
on
2421.
the
to be
Y'V •>' '
set
19
on
future,
corporation.
May
was
p.
and
.
quarterly earning results.
stock
166,
action
board
cents
$53,472,073.—V.
American
and
1;;
i
.
March
on
dividend
reserve
total,
the enlargement
GIVING
*
to
debt, $14,283,333;
$64,938;
plane
V
Common Dividend
on
The. directors
,
local
property
taxes, royalties, etc., $350,981;
Canadian taxes on income (less U. S. Treasury
C, to be applied, $2,499,881), $908,480; funded
cum.
P-82
the
of
•'
l(;
ness—To Act
series
contingencies, $200,000; $4.50
fighter
P-86
.
n:.1
I:
pfd. stock (88,850 shares,
no
par). $8 885.000; common stock
($1 par), $1,689,869; capital surplus, $13,282,553; earned surplus (from Jan.
1,
1936), $10,292,738;
for general
North
retiring
stores
;Northcrn Illinois Corp.—Has Record Volume of Busi¬
trade and sundry, $2,141,676; wages
debt payments due within one year, $716,667; funded
reserve
for
workmen's
compensation self-insurance,
•
Deliveries
revealed.
436.
p.
'VV*!I
with
stores
by
1,000,000 shaves of North American
have already begun and the company experts
navy
and
and
Notes,
from
company has received approval from the navy to begin produc¬
on
its
FJ-1
plane,
the first jet-propelled carrier plane,
Mr.
tion
and taxes on or withheld from payrolls, $655,838; accrued
franchise
state
its
of
by
.
Kindelberger
1
•
General Motors holds about
lirst
second
,
of Holdings
capital
proprietorship which had
The
The
1947
31,
disposal
Motors'
General
working
working capital for expendi¬
Cit?inMJy c1om^e12Ced busiuess 0,: operating
'
•,
bonds
called
stock.
$0.51
ASSETS—Cash, $2,068,544; U. S. Treasury notes, at cost', hnd accrued
interest (quoted market and redemption value, $l;079,488V, $1,081,011?
/accounts and notes receivable (less reserves of $205,640); $4,885,410;
inventories, $7,539,912; investments and other assets, $287,824; prop¬
erty, plants and equipment
(net), $36,980,878; patents and "trade¬
marks, $23,600; prepaid expenses, $598,894; total, $53,472,073.
the
of
•
,
cumr
increase
reimburse
to
11
HISTORY AND BUSINESS—Company,
incorporated in Delaware Jan.
2, ly46, was organized to acquire the business of
a
prodecssor part¬
nership known as "Parkview Pharmacies." which in
turn had
suc¬
ceeded to predecessor partnerships and sole
James H.
Kindelberger, President, told stockholders at the annual
meeting"held March 24 "there have been discussions but no tinal
of
connection
Common stock
General Motors Considered—
conclusion
in
used'to
r
be used
i*
may be received upon pre¬
at the New York Trust
full amount
the
surrender
;
-
'■
r •;'•
'
r
:
'
American Aviation, Inc.—Sale
North
345,393
share——---
common
per
payment of
and
v
.
$1,000,616
298,158
828,287
dividends
Common
Earned
$4,023,952
362,944
j._______—1,267,402
profit
V Preferred
a
Co.,'trustee, 100 Broadway, New York, N. Y.—V. 167,-p. 1259.
3,070,101
——;*i
;
sentation
168,ood
3,855,164
be
: ;
Preferential
i
i
interest.
accrued
Immediate
.
4,809,952
.
general
&
profit
Operating
Other
100 and
' 1945
week
221,077,000 cu. ft.
above production
year ago.—V." 167,
for redemption on April 2&, next,. $1,500,000
gold bonds, series-A, due Nov, 1, 1951, at
company has called
first mortgage 5%
its
of
expenses
_
admin.
'!•'
will
$150,500 will
tures
New York Water Service Corp.—Partial Redemption^-
.:
$38,056,822 $26,742,095
27,759,636 21,758,466
v';"Z. •;'v
;/•
;
CALENDAR YEARS
11946
-
for the corresponding
1259.
v:The
sales, less returns, etc
$51,764,236
Cost of goods sokLZ_j.__~- >*38,165*145
•
output for the March 19 week is reported at
is an increase of -32,229,000 cu. ft.,- on 17.07%
188,848,000 cu. ft.
. ..
Gross
$300,000
loans.
(b)
CAPITALIZATION
p.
has
(a)
,
bank
out¬
ago.
of
]
CONSOLIDATED INCOME STATEMENT FOR
(■
■'
•',Z'Z"*
Z
,
a
This
plant.
electric
reports
Gas
"
100,000 shares.
the Association
19,
(1367)
above
week
authorized the listing, or the
shares of $4.50 cumulative preferred stock upon
issuance,1 making
the >total
amount .applied lor
York
additional
11,150
receivables
and
be
may
New
official
an
inventories
CHRONICLE
15,021,083 kwh. •- This is an increase of 1,064,107 kwh., or
production of 13,956,976 < kwh.' for the corresponding
put of
7.62%
.
by the company will
The proceeds will be
increase , in which is deemed advisable
capital,
increased
shares.
such
of
March
ended
week
the
For
No
FINANCIAL
&
England Ga& & Electric Association—Output—
New
Such offering price will ,*n no fve"t
the price per share paid by W. E.
underwriting agreement ,has been
company.
$1,003,500
finance
;
of
excess
the
minimum
The
amount
to
per-share in
Co.
relative
made
'
distribution.;
view to
a
exceed
Hutton
THE COMMERCIAL
Number 4685
167
p.
kwh.,
or
.this
company
and
its
subsidiaries
for
the
1948 amounted to 143,971.000 kwh„ an increase
4.7%
over
the corresponding week of 1947.
1260.
.
Stock Offered—Straus &
Blosser, Chicago, and associates
on March 16 offered 100,000 shares
preferential cumulative participating stock — 350 annual dividend—(par
$4.50) at $5.25 per share.
Z
,
Z
Transfer
Mo.
i
as
Agent,'City National, Bank & Trust Co. of
Registrar, Commerce Trust Co.T Kansas City, Mo.
PURPOSE—The
follows:
proceeds
net
1Z;...
•;
,
t
(estimated
'
v-
.«-
-v»
$450,500)
'•■
- "
'
Kansas
City,
•
<
.Philadelphia. Trarnportation Co.—No Dividend Action
The
company
litigation
on
concerning
consideration
of
March
new
dividend
23 announced that "in
fares" the directors have
action
on
both
the
view
of
decided
preferred
and
pending
to
stocks, ;
^
:j
will
.
'
,
T
•
be applied
••>"•"'' -"r5 '
Payment® of 40 cents each on the common
on
the-preferred ; stock were made last
stock
each
Oct.
22.—V. 167*
p. 49.
'
Jo. -L' .')>< >'j?
>•
*
year
'
and
on
of
defer
common
50
April 22
'
'
' Z
cents
and
-
12
THE COMMERCIAL
(1368)
Pioneer Service & Engineering Co.—Weekly
,
Electric output of the operating
Output?—
Pueblo
the
increase of 6.5%.—V.
an
Berved
companies
by
week
Plume
167, p.
Atwood
&
%'
1260,
;"
Placements—To
Mfg. Co.—Private
has
Fuel
Co.
Arranges $700,000 Loan —
for a $700,000
—
completed
arrangements
first mortgage, bonds due im
1973,. of
the
of plant rehabilitation, without impairment Df
working capital, the directors approved a loan agree¬
'-Proceeds, will
bonds,
V.
ment under which the company
has borrowed a total of
$1,000,000.
Of this amount, $200,000 has been loaned to
the company by The New York Trust Co. at an interest
be
used
in
bank
$125,000
167, p. 750.
redeem
to
loans
.1963, and amortizable
over
Within
the
T'.,
this
purpose
S.
1946,
means,
and
beginning
a
in
made
was
total
a
of $844,143 had
ihe year 1947.
plant
Conducting
for
close
of
the
of
capitatl
share.
'
per
stock
has
increased
from
$61.42
v
:
share,
per
4,734,169
131,691,543
47,116,610
110,520,224
45,698,259
"
62,840,790
487,431
6,503,462
1,220,601 ;
7,453,583
5,573,967
377,331
-
12,997,174
Operations—
revenues
expenses
416,361
396,586
4,769,271 ;
4,676,436
3,818,720
(
3,745,105
v
to
net
84.916
$2,119,643
1,256.889
6,524,519
437,213
7,672,810
819,676
$1,148,291
___
revenue
accrued
36,288
49,241
revenue
Total
380,073
$2,168,884
Net
311,670
_____
—
stockholders
from
come
have
meeting
received
of
management
the
and
"Includes:
two
stockholders
requests
for proxies
March
on
other
The
One
30.
from
a
stockholders.
for
v ■.
950,551%}:;; 931,331
13,928,505
stockholders
whom
they
would
group have not
choose to act as
who
would
comprise
their
disclosed
LIABILITIES—Installments
$300,000;
the
the
of
names
have
Nor
directors
of
U.
men
S.
they dis¬
(aside,
Edmund
present
whom
A.
Mays,
director.
a
not
in
been
the
tant
employ of the company: Clayton R.
(Vice
President
Superintendent of
Plume
logg
(Chairman
the
of
the*
the
Thomaston
board).—V.
156,
Burt
plant),
345,482
6,525,834
Cr37,089
Cr726,878
income
Period End. Jan. 31—
/
2,982,592
167,
Cr726,873
in
that
The
company
the amount of $600,000
167.
of
share.
share, were retired, leaving
outstanding at 2,642,431 on
per
$40
issued
customers
has
and
quantities.
Commenced
made Oct.
was
to
make
to gradually
expects
a
and
Inc.—Earnings—
1948
V.v
$1,147,916
-
operating
and
the
larger
dividend
and
to
This
issue
stock
scrip
it has
of
been
deemed
share
one
certificates
Ordinary
where
less
for
$46,619
Dr4,253
Drl6,384
$111,689
$30,235
2,737
20
shares
shares
20
stock
made
were
March
on
June
on
27,
10
STATEMENT
1948.
and
OF
ICash
Dec.
distributions
last
10,
OPERATIONS
.
of
cents
25
CALENDAR
of
products
steel
Interest
Other
Net
received
refund,
income-—
income
of
Direct
materials
labor
less
cost
"Manufacturing
cash
discounts
Net
_
...
3,775,107
1,87.1,763
Federal income
307,564
OF
FINANCIAL
CONDITION
at
of
cost
.
T
An
$0.82
Notes
insurance,
receivable
for
Common
stock
(50,000
shares
Patent
309,645
Corp.)______
Acorn
81,687
costs
corded
♦Land,
previously
of
the
of
nation's
in
Accounts
$5,344,750
year.—V.
Provision
Bank
lor
.income
1,298,087
Net
$2,995,103
Paid-in
stock
issued
-
Income
to
268,570
!
provide
retained
in
V.
In
for
reserves
1946.—V.
Public
160,
p.
600,000
400,000
1,832,547
1,035,277
$2,995,103
$1,478,921
in
1947
and
$1,341,683
668.
of
New
Mexico- -Cities
Service
Seeks Bids for Purchase of Stock—
Cities
April
6,
Service
1948,
stock
common
received
may
on
March
for
of
Room
at
meet
Co.
with
31
will
the
receive
officers
sealed
purchase
Public
1600,
Service
70
and
at Room 6000,
Pine
from
Co.
St.,
counsel
70 Pine
Airline
1946.
close
of
1946
to
the
compared. with
Gross
revenue
shipments
of
mileage
route
75,981
750.
Private
•.
Loan—The
bids
it
miles
• •
at
*
....
up
ex¬
the
"
.
.
of
1,762,530
f732,960
/
:
1946
Initial
Interest Pay¬
quarterly
as
$2.50
on
share,
share,
per
of
certificates
dividends
the
on
series
follows:
per
payable June
representing the stock
$1.25
record
payable
share,
the
calendar
payable
Aug.
of
15
record
Sept. 15 to
ann
for the
27,
fir&fc mortgage
was
the
to
of
interest
corporate trustee of the second
authorized.
to the corporat® trustee of
also
payment
the
by
directors
5%
President,
Green,
sale
the
favorable
to
York,
its
of
the
that
announces
it
the
Bonds—
is
company
refunding
and
general
inviting
mortgage
He said that the company
$1,000,000 if the bonds are offered
July 1, 1990.
to
terms.
Tenders must be received at
New
for
the
gold bonds, series A, due
prepared to expend up
was
on
instalment
first
the
are
St. Louis Southwestern Ry.—Seeks to Buy
for
on
to holders
instalment
which took over the properties on Jan. 1, 1947, with
plan of reorganization.—V. 167, p. 1155.
present company,
W.
4Va%
1947 of $183,463.
authorized
consummation of
F.
record
of
at
before May 1 of the sinking fund
or
on
year
payments
the
1,
May
authorized
holders
15
series A, on May 1
$237,749 sinking fund
the
to
1947
.year
before
or
on
Dec.
payment
bonds,
of
Payment
12.
the11,calendar
Y„
N.
Bonds
at
or
accepted
the oifice of the company, 165 Broadway,
12 o'clock noon
delivered during
before
be
must
(EST),
April
on
period
the
5,
April
7
April 21, inclusive, to the Chemical Bank & Trust Co.,. 165 Broadway,
New York, N. Y., where payment therefor will be made.
Interest on
to
bonds
accepted
purchase
for
be paid
will
April
to
21,
1948,
but
not
thereafter.-
To
Pay $5 Common Dividend—
have
declared
common
stock,
payable
the
payment on this issue
the
is
This
57
initial
directors
The
first
ago.—V.
years
167,
P-
an
April
dividend
of
$5
share
per
to holders cf record April .5.
since the company was formed
12
1261.
Mill in Operation—
St. Regis Paper Co.—Units New
newly-constructed kraft paper mill at Pen.saeola, Fla., of the
Pulp & Paper Co., a wholly-owned .subsidiary, has just pro¬
The
Alabama
Its
first
according to James H. Allen, President of the
and-a director of St. Regis.
and equipment for the manufacture of special,
heavy-duty multiwall kraft paper,
the Florida mill, with a rated
capacity of ,250 tons a day, has been built on a site adjacent to the
company's Florida Pulp & Paper mill and will supply kraft paper to
the new multiwall bag plant now ready to go into production, as well
duced
Alabama
designed
firm's
the
to
as
-The
tions
paper,
company
Specially
new
at
multiwall
other
mill
from
plants.
'
'
the company's integrated kraft opera¬
to pulp to paper to multiwall bags.'—
complete
helps
Pensacola,
trees
167, p. U56.
.
','C'V'J
Schenley Distillers Corp., New York—Filing With SEC
March
On
shares
of
Stock
share.—V.
per
filed
18
letter
a
stock
common
1-37,
p.
notification
of
$1.75).
(par
through
Exchange
Stock
Stott
Wagner,
&
with
the
SEC
for
3,800
will be sold on New York
Co., at approximately $26
946.
.
....
$9,009,536
1,644,503
2,512,565
1,796,770',
808,618
:
v/v-r'.-'v,
■„:
19,811,025
992,184
680,948
18,319,765 ,)/• 16,342,035
3,198,755
4,113,550
1,871,698
y
to
11
A.M.,
(EST),
on
shares ($7 par)
Mexico.
Bids
will be
York.
Prospective
companies
at
loan.
Lace
mills.—V.
1,442,054
3 Months Ended Doc. 31—
Net
sales
,
v
V
•
2,084,516
.
1947
.
•
1946
$3,159,023
2,207,725
administrative
mon
Profit
from
expenses—
Total
(net)—:
.
—
—:
2,916.741
185,028.
188,692
:
expense
for
year
128,390
—
income taxes
Federal
tax
and
exp
119,619.;,,
(est.)
$53,590
35,346
,
.
$248,009.-
.
—
Interest
Prior
operations—--.:
income
bidders
10:30
Street, New York.—V. 167,
p.
A.M.
551.
Net
.
•
.
$88,935
16,670
15,262
23,850
,
.
adjust
"27,295,
Cr6,474
Earnings
per
"Federal
$51,445
$208,896
shares
outstanding
common
income
295,100
share..—
taxes
of
subsidiary.
Finance
in
>
'
Corp.—Earned 45
Cents per Com¬
.
three months ended Dec,
the
fiscal year,
cents
a
For
amounted
share
regular
dends
295,400
,.
$0.17
$0.70
Company
requires
no
provi-
the
on
to $425,257, W.
31,
*
1947, first quarter of
A. Thompson, President,
business
to
42
shareholders. This net income
equal to 45
now outstanding.
■
i .1
period of the 1947 fiscal year net income from
operations
cents
was
807,714 common shares
the corresponding
share
a
$360,618,
was
on-
the
equal
after
preferred
781,348- common, shares
then
divi¬
out¬
:VV' ',
A year ago, however,
there were - non-recurring items, principally a
profit from sale of Scabord's Canadian subsidiary. The net result was
a non-recurring profit of $551,480, or 70 cents per common share.
This
brought total net incomd for the three months ended Dec. 31, 1946, to
$912,098,
-"As
■:
or
$1.12
of Dec. 31,
This total
was
outstandings
profit
Common
*
on
Share in First Quarter—
income
1948
standing.
.
19
company
946.
p.
reported in his letter to
*
$2,512,371
and
April
proceeds
.
<
—
general
167,
Seaboard
the
sales
of
Selling,
the
With
_
4,845,590
946.
p.
vote
creating a $1,200,000 15-year
contemplates to pay current
borrowings under its $1,500,000 5-year bank credit agreement, used
to
partly finance the acquisition of Cora Mills- and United States
term
18,214.581
3,439,322
1,210,997
-
Co.—Refinancing Proposed—
stockholders will
The
1945
$7,811,599
$8,722,586
339,639
New
the
share
—
Ry.
initial
income
mortgage
April
for
V.
1
recently
company
1947
$9,700,216
railway———
income_i_ v
Provision
up
of
of
New
year
a
present
common
dividends are
authorized
Scranton Lace
:
1948
■
from
Other
Co.
the
weight
average
Reynolds Spring Co.—Earnings—
921,567
facil.
depreciation of
Service
at
oper.
137,
Cost
"After
quarter
a
cents
quarters,
quarter
per
also
the
Net
.268570
_
working capital
production
as
certificated airlines,
1947, the agency said.
20.7%,7
7Y
during
•/.
—
railway.—_
Net from railway——
Net ry. oper. income;.-
138,562
921,567.
additional
business
handled
were
480,000
$5,344,749
Reserved
from
ry.
Gross
:145
I.
602,872
1948
par):
capital
52,384
136
taxes
($1
countries:
increased
From Jan. 1—
42,156
___
,T
shipments
328,620
167, p.
February—
/-/'
from railway
$178,598
________
after
following
.
$120,000
.
etc
due
form.
the
$1.25
directors
The
Reading Co.—Earnings—
476,901
loan—portion
Capital
1948
payable
wages,
taxes,
Unclaimed dividends
to
the
and; other
The service is
...'
"
Randall Co.
Net
Accrued
telegraphic
Francisco
extends
pictorial
outstanding $2 cumulative participating class A
stock.—V. 167, p. 50.
.
94,360
in
of
to retire
20,738
1,937,401
—
due
Ltd.,
arranged a $500,000 loan due Jan. 1, 1958 from the Pru¬
dential Insurance Co. of America.
Proceeds were used
LIABILITIES—
loan—portion
corresponding
the
$1.81
$550,841,
to
re¬
buildings and equipment
Total
in
of
scheduled,
Gross
Bank
sent
January,
express
•
/.•
'4,000
•h!
20,107
(not
books)—
on
'
.
i
amortization
insurance
close
50,000
4,000
;
less
value—life
Wireless,
further
circuit
transmission
an increase of 24.3%, with
pounds from 16.7 pounds in
'
Products
50,000
the
for
Com¬
year
18.2
77,106
value—.a
rights
Patent
Cash
the
San
or
panded from 66,660 miles
410,999
__
investments at market
RCA
exceeded 68.8 million
379,731
9,795
the
airborne
pounds,
530,383 "
17,942
Corp.)
Other
1946
$132,576
923,095
process—
Products
and
by
1947 saw the volume of nationwide air express reach the
highest total in the 20-year history of the service, it was reported.
More than 3,779,000 shipments were handled during the year fop
a
gain of 18.7% over 1946. Weight of this traffic
31
:
trust
second
record
of
reported.
total
shipments
this
to
etc.—z
(Acorn
be
York
New
estimated
282,612
market:
Supplies
Prepaid
DEC.
90,691
in
Cable
radiophoto
for
cannot
which
from
month
of
AT
voting
of
four
The
second
third
directors
The
on
$220,703
294,536
and
with
operated
Railway Express Agency, Inc.—Shipments Increased—
1,029,943
materials
Products—finished
cooperation
is
stock.
and
the
quarter
Air
express shipments handled
in nationwide
service
in January
increased 16.2% over the same month a year
ago, the company's Air
$572,979
or
circuit
new
422
]947
;
lower
The
offers
In
share.
amounted
31
29.
tenders
y
153,681
yv
in banks—
receivable
Inventories
Raw
and
holders
Britain, Egypt, Argentina, Switzerland, France, Italy, Sweden,
Austria, India, U.S.S.R., Denmark, Ceylon, Union of. South Africa,
Bermuda, Hawaii, Australia, and' Korea.—V. 167, p. 1155.
supplies, etc.
power,
.
hand
Accounts
RCA
467,977
$3.03
Jan.
voting trust certificates
Nov.
$1,461
138,562
$3.59
STATEMENT
$63,274
surplus—.
2,101
182,061
share
ASSETS—
on
in
$876,278
467,977
Great
134,285
tools,
earned
York-Bermuda
which
The
Cash
Bermuda.
Express Division
per
5,596
602,872
$963,372
"Repairs to machinery,
to
$7,057
'
45,050
248,434
taxes
of
For
28.
1948.
information
1,534,599
paid.,
Earnings
$109;324
_
,
Inc.,
New
service
1,280,384
2,160,306
_______
profit
Dividends
The
"2,461
_____
11,000
Hamilton.
$5,3.70,270
1,793,485
__
for
munications,
93,953
Selling, administrative and general expenses.—
Deprec. on buildings, machy. & patent? amortiz.
Loss
on
machinery sold.
Provision
Hamilton,
offered
r___
961
9,622
An
19461
2,578
expenses
10,319
17,219
income
net
ended
Francisco
declared
first
holders
May
$17,096
.
r
from
$1,435,493
1
:
1947
1948
'•
,
taxes—__—
—__
months
common
preferred
the
mortgage,
___
and Bermuda—
YEARS
39,865,166
directors
5%
Opens RCA Radiopho to Service Between New York
16,292
:
12,699
$101,727
i
Net income transferred
$5,273,856
etc
%}.;
$27,415
exchange of messages between the Governor of Bermuda and
Lord Inverchapel, British Ambassador to the United States, marked
the opening March 23 of direct radiophoto service between New York
197,288
tax
on
income.
.
income
Deductions
each
$9,649,008
scrap
miscellaneous
Total
Cost
7
and
,
held
held.
are
1947
of
Sale
:
:
and
'
::
$114,426
ordinary
167, p. 50.^
income tax.—V.
——
three
a
'
chaiges
all
Louis-San
The
and
Sale
income.
,
year.—Ed.]
FOR
from
ordinary income—.
Extraordinary incojme (credits)
Extraordinary income (charges)
dividend
held
ordinary
Net
:;
cash
be
$1,392,272
$1.17
buj; before Federal
shares
for
$1.17
to
Fcr
the
Gross
corf-
of
A
Dr2JJ20
_
income
income—non-communication-
Deductions
outlined ;above,
to pay a stock
as
each
than
-
the' fceed
advisable
stock
of
$982,417
$2,140,626
$0.85 %
$1.87
$1.03
ago net profit was $394,730, or 82
capitalization.—V. 167, p. 292.
The
to
if sold on the market at $10 net a share would
dividend of 50 cents a share.
The date -for paying this
dividend will be set at the next
meeting of the directors,, which
equal a
will
basis
$2,236,319
844,547
share—
per
profit
equal
950,526
•
$115,942
revenues
^
w
business,
the
on
and
after
final
Operating
A
-
^
1,295,093
Russell Co.—Earnings—
common
Net
1947
$997,145
1,031.974
Other communication income
shipments )to these new
these shipments to sizable
sIn view of the company's improved:
position and
serving its cash to finance the expansion programs
592,031
$1,167,468
—
depreciation
profit
of
Earned
to
five-year bank
1947 for this purpose.
1,
710.000
tax_
share.
com.
(F. C.)
$3,435,719
ments and Preferred Dividends Authorized—
January—
Total operating expenses-,
initial
increase
inc.
$1,574,448
and 473.
946
pp.
open
$47.95
value
shares
of
29, 1948.—V.
Net
customers
new
parts..
per
"After
Net
and Exchange Com¬
February had purchased .4,700
market at an average price,
in
the
of
fees
stated
number
in
Total operating revenues
March 5, said in part:
of
the
company's products sold to
the increased demand for replacement
in
Fed.
.
1948—6 Mos.—194%
1948—3 Mos.—1947
$1,877,468
_______
profit
St.
corporation's expansion-program will extend into 1948 due to
in completing buildings and obtaining deliveries of
equipment.
$1,000,000 is going
to be required
to
complete this
program of providing adequate manufacturing facilities for the manu¬
facture
Net
-
1,379,050
>
the Securities
company
stock
brokerage
at
report to
a
the
RCA Communications,
additional
loan
for
1261.
p.
capital
shares,
total
Feb.
1
;
its
of
These
the
Kel¬
S.
stated
of
exclusive
The
satisfy
Prov.
5,628
5,698,136
delays
An
profit
and
taxes—
corporation,
shares
Metais of America, Inc.—5% Stock Distribu¬
Planned—Earned $3.59 a Share in 1947—J. W.
on
569,328
profits
mission,
Pressed
Leighton, President,
..
due within one year,
acceptances payable, $33,400;
$345,672; miscellaneous and ac¬
$332,000;
payable—trade and sundry,
liabilities, $388,706; payroll,-withholding,-and miscellaneous taxes
$118,011; provision for Federal income taxes (less U. S. tax
notes at cost, plus accrued interest, $50,165), $82,704; long-term debt,
$1,200,000; reserve for proposed additional assessment of Federal taxes
on
income
exclusive
of
interest,
$107,513; /capital
stock—common
($1 par), $297,132; common stock in treasury (2,032 shares), Dr$2,032;
capital surplus, $1,082,691; earned surplus (since Jan. 1, 1940), $1,253,318; total, $5,539,115 —V. 167, p. 946.
'y
-
No.
This
(Presi¬
and
347.
p.
Cr21,475
________
Pullman, Inc.—Purchases Additional Stock—
company),' Walter L. French (Assis¬
company's
of
,
long-term debt,
on
payable—trade,
accounts'
Earned
Govt,
Month of
tion
notes
9 Months Ended Jan. 31—
invited
dent, Potter & Johnson Machine Co.), Richard H. Valentine (President,
Warren
Woolen
Co.), Thomas Hewes (lawyer), Henry L. Shepherd
(economist and lawyer), Edmund A.
Mays, Jr. (The New York Trust
Co.), Gordon B. Hurlbut (President of the company), Arthur f>.
Woodward
adjustm'ts
JDeficit.—V.
by the management to be¬
accepts, the proposed board of directors of the
would comprise the following nine men, five of
management
are
has
Jr.,
9,773,488" -7,912,143
657,178
4,121
taxes
excess
presum¬
he
If
(less re¬
payable,
4,779,852
t Includes:
Payroll
officers.
new
board
5,231,734
___
Depreciation
ably, from Messrs. Andrew, Mannweiler and Torrance).
come
receivable
accounts
9,148,653
.*
,
Depreciation
has
dissident
of
group
at
use
request
'/
closed
$7,031;
$8,707),
Royal Typewriter Co., Inc.—Earnings—
Management Submits
—
''Y Y
$996,962; Federal tax refund claims, $12,828; travel
raw
materials and work in process,. $1,469,37?;
•'•supplies, $68,276;. other assets, $285,853; land, improvements, buildings,
machinery and equipment (less reserves for depreciation, $1,747,083,),
$1,6-12,245; patents, trademarks and goodwill—at nominal-value,* $1;
deferred charges, $142,194; total, $5,539,115.
.
1,283,381
1,133,317
51,611,219-
4,227,657
%}
1947
31,
S. Government securities at cost, plus
value $43,004), 550,104; marketable, se¬
U.
$3,934;
"Net
annual
(market
cost
advances,
Board—
The
at
DEC.
SHEET,
$850,315;
.
20,050 Crl,215,227
4,257,493
oper.
*2,204,559
Total
Taxes
Fight Expected for Control
the
Spring
$10,291),
serve,
$■'
'$
.•
9,454,631
expenses
Total
Plume, Chairman of the board, also stated:
"The com¬
financial position is good, and for the year 1947 a net profit
was realized, after
taxes, of $128,749, equal to $2.38 per share; on the
outstanding capital stock.
During the period, 1946-1947, the book
$66.41
car,
Reynolds
interest'(redemption
curities
6,565,904
cars
to
BALANCE
1947- -12 Mos.- -1946
9,016,218
revenue
Auxiliary
pany's
value
of
dissolved
was
transferred
1947,
29,
crued
Net
Kellogg
the
of
as
a
carry-forward part of its net operating loss in
v.•■■'•'
' i"% '■ -J '■ L 7
to
Nov.
ASSETS—Cash,
<.
re¬
expended
been
'VV\/ .V-.£
■;
1947—Month—1946
other maintenance
General
company's
in
revenues
"Maintenance
All
April 1, 1954.
habilitation
-
of
subsidiary,
tions
Sleeping Car OperationsTotal
due
Cleveland Wire Spring Co., '£ wholjy
and its assets, .liabilities, "and opera¬
Co.
The net earnings of Buqh
subsidiary for the two months ended Nov. 30, .1547, are included' in
the" statement of profit and loss, and operations subsequent to that
date are merged with those of the other divisions of Reynolds Spring
Co.
The 1946 figures include operations of Cleveland,Wire Spring Co.
NOTE—As
owned
(Xlie) Pullman Co. -December Earnings-
with maturity at April 1,
10-year period beginning
a
taxes
for
prior -year,
„.
of. first mortgage
balance for construction.—.
the
.
interest rate of 4%,
i
$298,800
and
'
Period End. Dec. 31—
able in three annual installments beginning April 1, 1951;
and $800,000 by The Connecticut Mutual Life Insurance
an
sion
,
accrued
3%, with maturity at April 1, 1953, and amortiz-
Co. at
Monday, March 29, 1948
which. The Mutual
$600,000 and Capitol Life the remainder.
Life purchased
program
rate of
&
CHRONICLE
loan from The Mutual Life Insurance Co. of New York
and the Capitol Life Insurance Co. of
Denver, it was an¬
nounced March 23.
The loan is in the form of 334%
"
provide the necessary funds for the continuation of
Gas
Company
this company
ended
March
20,
1948,
totaled 238,970,000 kwh., as
compared with 224,302,000 kwh, for the corresponding week last year,
for
FINANCIAL
&
Thompson
"Since
per
common
share
that
preferred
dividends.
when
the
record and an increase of $5,497,708 over
fiscal
year
ended
on
Sept.
30,'
1947,"
Mr.
said.
the
level
of
instalment
notes
Seabord
Finance
Co.
receivable
and
sales
contracts
a finance company, the figures sug¬
profits from regular-business opera-
largely determines the earnings of
gest
after
1947, outstanding receivables amounted to $33,602,804.
the highest on
Volume
167
tions
three
In
the
Number 4685
months
to
end
THE COMMERCIAL
March
next
31
will
establish
a
new
Southern
3 Months Ended Dec. 31—
Gross
1 y
income.
-
•
1945
$1,9.34,020
$1,691,901
$905,097
1,134,065
935,362
575,960
161,078
taxes—
lor
'
"
1946
1947
-
yyyy
156,761
237,484
110,094
$425,257 si $362,294
$155,222
•
Income
—------.
.
Portion y applid. to minority ints.—
1,676
Standard
Ry.—Annual Report — The results for the
1947, together with the remarks of Ernest E. Norris,
President, were cited in issue of March 25, page 1320.
ACCOUNT
dian
and
assets
equity in
.Canadian subs.-
..713,831
ly 'i—
M.sceli,
162,351 i;
yy
____—
Mail
------
Net income
1
Beiore
$425,257
_——____
_
non-recurring
$0.42
$0.21
1.12
$0.45
0.45
items____~_
807,714 shares on Dec. 31,
on
and
shares
592,908
Dec.
on
CONSOLIDATED
DEC.
Maint.
31
Accoun.s
Claims
receivables
and
for
taxes
<
incti
*—
of
refund
of
Fed.
Property
$1,69/,481
$5,380,680
28,829,790
508,644
Excess of
cost
6
40,000
107,592
Taxes
635,073
585,644
•
Net
359,531
V 42~4~673
of investment—i-Uv-.
■.
received
451,984
H.re
406,313
390,384
239,473
unsecured
payable and
Dividends payable
Other
5%
accrued-
sinking
4%
•
346,709
398,774
200,976
95,355
130,069
Inc.
558,858
(no
Series B
$2.60
ino
3,000,000
1. U74,2bo
434,940
,960,000
1,960,000
preferred
($1
585,681
807,714
781,348
592,903
—————-
3.766.026
,443,123
Earned surplus
1,482,368
,086,087
209,064
—
capital stock of subsidiaries over equity in net assets
at dates of acquisition (unamortized portion).—V. 167,
p. 51.
Cerf
is
Co.
and
March
on
convertible
to
be
Registered
25
sinking
paid
5%
fund
for
Int.
171,673,513
171,791,729
173,945,280
156,911,481
51,159,922
24,898,426
40,249,380
73,591,553
104,067,063
16,491,195
43,044,685
3,433,954
3,176,874.
2,507,769
2,792,504
i:
rents——. i\
»
1,452,530
i
thereof
1,221,332
owed
$165,000
Bank.
the
to
in
with
the
debentures,
each
SEC
the rest
of
$300,000
a
is
Bank
loan
to
be
for general corporate
&
of
sold
the
Trust
received
used
to
23.093
217,831
228,675
225,797
...j...
19,673
sees._
944,060
the
SEC
•:.$/ •;:V*i■
22
proceeds
filed
200,000 shares of
which are to be used
from
.in
increase
proposed
the
recent
757,939
will
<■
7,516
6,241
3,513,276
2,848,272
3,521,283
3,518,811
Upon
of
the
to
repay
24,888,289
22,159,418
30,339,050
36,934,652
2,312,319
2,339,542
2,464,137
31,729
32,102
531,031
333,988
313,603
224,350
20,955
6,568
10,343,304.
company
will
Corp.,
of
its
plants
9,252,270
16,298,721
3,000,000
$4.81
$10.24
excess
Lazard
head
fur.ds__
stock
statement
($100
;
i:
r
■
with
consist
in
the
principally
Wyandotte
of
Chemicals
investments Tn
and
the
assets
Allied
of
the
Chemical
Libbey-Owens-Ford
&
Common stock
Glass
Freres. & Co. and Harriman Ripley & Co.,
a
group
of
underwriters tc
be
formed
to
Inc.,
handle
are
the
149, p. 1037.
Southern
Water
Miscellaneous
j Loans
and
Traffic
the
P.
Bank
of
America,
:
2676.'
N.
T.
expected
financing.
Co.—Definitive
&
S.
bills
and
service
and
accounts
A.
Los
Angeles,
Accrued
Taxes
221,401
167,^/^1262;
15.359.910,
6,779,574
^
Unearned
net
of
for
store
Earned
]"-iC
aggre¬
the Clayton store and
■
and
soda
a
proceeds
new
for
will
used
be
equipment
advances
;
gen'l.
and
made
by
the
fixtures,
and
EARNINGS
to
to
reimburse
company
to
made
be
to
pay
the
Parkside.
STATEMENT
Year End.
3 Mos. End.
Aug. 31 '47 Nov. 30 '47
? $1,859,295
$491,173
789,607
130,512
$26,017
$7,601
.8,411
12,915
$56,113
$38,932
.
income
to
352,900
488,418
$47,702
operations-
1,344,860
249,692
—
expenses
from
',■•
partners.
2,873
$9,640
1,643.
ft
»
12,482
14,552
$19,958
>
1.909
ll
4,286
20,800
■_
$20,094
j
salaries
shares
50
and
,
2,391
.
$5,603
paid to the executive officers of the corporation,
of
for¬
Calif.—Registers
<
■
($1
Underwriters
par).
& Durst, Inc., Los Angeles.
California Butane Co. .'/■;
the
are
Lester
Co.
&
Proceeds will be used to
''
:
:
~
1,230,921
10,401,541
stock
common
Wagenseller
purchase
4,973,123
1,444,878
Sunray Oil Corp.—To Issue New Preferred and Split
Common Stock—
834,258
4,744,222
-
4,757.173
The
2,467,581
2,39.9,427
977,705
and
11,806,027
37,385
surplus
31,482
6,647,284
of
A
stock
6,649,279
also
to
of
amount
stock
to
to
the
when
it
to
raise
will
8,000,000 shares
on
is
have
a
offered
authorized
that
stock
stockholders
4-for-l
a
explains
stock
will
stockholders
27
decide
will
which
stock
have
April
common
series
„
preferred
stockholders
common
162,279,333 157,257,940
On
common
They
letter
■;
has advised
$18,800,000.
000.
y vV
,
convertible
a
authorized
1,998,606
972,274
9,031,962
•
otjier companies—.
company
offering
on:
surplus—appropriated
surplus—unappropriated
sales
discontinued
Forsythe
$1,087,001
3,223,650
1,190,842
Ift Other"'.unadjusted credits___
Earned
Store,
business
to $1,364,000
net
company on March 22 filed a registration statement with the
covering $500,000 12-year 6% series sinking fund debentures, due
March 1, 1960, with purchase warrants attached for the
purchase of
_
"^
1926
The
100,428;.
4,645,751
———————
from
partnership
such
SEC
1,605,335
3,223,650
;
Road—leased from other companies—
the
1947
y,;
2,686,970
reserves'c—2,611,231
•Equipment;—leased
•
Louis,
year in
a
Suburban Gas Service, Inc., Ontario,
With SEC—
••
5.671,405
92,862
(
"J
Grocery Co.'s equip¬
St.
merly the three partners in the partnership, are in the year ended Aug.
31/ 1947 and the three months ended Nov. 30, 1947 included under the
caption administrative and general expense.—V. 167, p, 1262.
550,605
723,047
—1
continue
company.
Net profit
988,563
yiy.yvyi.l-'l
661,948,984 656,123,707
is inviting bids for the purchase as a whole of an
•;
.*After deducting depreciation and amortization,
tIncludes $11,687,$7,000,000 first mortgage bonds, 5%"%;. series due 1978. Such
851 unexpended proceeds of
Equipment, Trusts "LL" and "MM" held
bids will be received
by the company at Room 934. 810 South Flower
by trustees,
to be disbursed upon
delivery of equipment.
St., Los Angeles 14, Calif., up to 8:30
A.M.:(PST), on April 6.—
V. 167, p. 1050.
-.
&
Salaries
14,347,663
2,686,970
1
liabilities^:_
of
Aug. 31 '46
Income taxes
1,743,332
550.605
1,140,353
accrued
Operating
Gas Co. of t'ulif.—Bids for the Pur¬
y.:
2,730,760
1
to
1934
"
■
Clayton is now substantially complete. This
approximately 40,000 square feet of floor space
Other expenses x_—
933,221
37,350,000
balances— Cr
payable.^
"
■>
31,
Groves
sales
Total
838,lOo
payable—_'
Deprecation accrued
yXyjyl
Electric output of this company for the • week ended
March 20, 1948,
2,479,000 kwh., as compared wiih
2,228,000 kwh. for the cor¬
responding week last year, ian increase of 11.3%.—V.
totaled
The
Webster
Aug,
Other'income
■5,687,421
16,247,730
accounts
Other ' current
Calif.—"
Southern Colorado Power Co.—Weekly Output—
issue
sales
net
ended
COMPARATIVE
Profit
128.981.900
matured ;unpaid—
Jan.
in
formed
was
8 Mos.End.
2.424,904
31,933.000
payable
de¬
bum-
Barklry
in
made
cost
,
395,890
129,197,800
wages, payable
Deferred liabilities
chase of Bonds—
Co.
147,333
payable.—u__—i____
car
the
294,060
obligations
Dividends matured unpaid—;—
Unmatured- dividends declared—
Unmatured interest accrued___„_
Bonds
v,
J, Southern Counties
Straub
Period—
60,030,000
60,000,000
194,650(500 194.650.500 "
equipment
Miscellaneous
'
y;
the
•The
Aud ted acoouiits
bonds, 2%% series due 1977, are now avail-,
delivery in exchange for temporary bends at the Chase Nation¬
Bank of the City of New
York, 11 Broad. St., New York, N. Y.,
at
of
Adm.
622.200
Preferred stock
of
for
661,348,984 656,123,707
Funded debt
Definitive first mortgage
165,
W.
departments,
new
Cost of sales
$1001
par)
the
entered
-
the
being
8,848,488
6,590,894
Equipment trust obligations
able for
end
to
At ,the
2,725~441
226,792
no
manufacturing
Straub
equipment
■
treasury
Net
894,404
Interest
California
W.
and
16,950,994
_-_
(1,289,819 shares,
bakery
a
Jack
first
PURPOSE—The
4,451,783
assets
(par
name
busineau
remodeling of the Kingshighway store and construction,
of the Forsythe store, and to provide additional
working capital.
193,000
—
debits
stock
Straub
the
during the war, will he
the Kingshighway store pro¬
fountain, luncheonette and tea
room, seating
approximately 160 at the Kingshighway store and 300
at. the Forsythe store. It is
contemplated that liquor will be served by
the drink in both of these locations, and will also be sold in bottles.
LIABILITIES—
Common
A.
The
all of the outstanding stock of Parkside
security for the payment of the debentures. '
the
provide
making
are
144,853
i
—________
;
1901.
and
as
from
company's
191,879
2,510,273
:Total
;
in
under
floor and the second floor covering a portion,
building. Title to the property is vested in Parkside Realty Co.
10,908,934
———
Jack
store.
will
15,612,544
371,451
" ""
""
2.398,500
^
year
1933
business
27,660,000
assets.
deferred
Unadjusted
$50,000,000,
financing to about
and
the
financing
Chemicals
Corp.
current
12
it is leased
part
—402,203
•
Working fund advances—
Insurance and other funds
Other
the
27,220,429
21.000,000
receivable
in
PROGRAM—The
basement,
resumed.
258,095
conductors
Interest and dividends receivable—
Accrued accounts receivable^
Other
store
visions
14,156,878
196,000
Treasury notes)
same
the
value of about
proposed new
the
proposed
of
Wyandotte
accounts
supplies
and
Groves
partnership
a
Walter
store
purchased, providing a second store at 10 South
A partnership of William A. Straub,
Clayton, Mo.
and
large modern store
the
20,426,337
d
the
Later
1934
partners
Hi-Pointe
315,118
Miscellaneous
and
1943,
,24,
The company expects to1 continue its
policy of handling high-grade,
quality -merchandise, including not only canned goods and staple
gro¬
ceries but also meat and fresh and frozen
vegetables. In addition the
'■^sbakery department will be expanded and the candy manufacturing and
963,405
14,459,057
bills receivable—
Material
in
1,
Realty
and
Webster
months
and
25,014,309
3,545,740
agents
in
by
sons
a
'■•
and in
sausage
33,132,213
from
two
approximately $100,000
of
r
_•
(U. ■&.
$500
Oct.
was
former
in
r
-
conducted
his
business.
new
$
191,980
and
Co.
A.
the
'
Balances due
Co.
added.
Jan.
Straub
the
til,866,238
258,095
^
■ ,■
later
was
of
gated $1,859,295
■
deposits
Loans
the"'
for the purchase of a
Chemicals Corp.
This "
Wyandotte Chemica.s of they
a
1946
20,490,241
Temporary cash invests.
(Mich.)
by
*
1,014,217
companies:^
Cash-^_^—
with
par),
«
418,318
property.
Interest
al
profits tax of $5,090,000
25,863,330
'
and
Straub, Sr. opened
in-1945,
: $14.84
.
affiliated
formerly
Straub
had increased from
■!
3,094,600
$6.85
physical
in
and
As
EXPANSION
3,000,000
3.894,600
$
Miscellaneous
&
Avenue,
to
22,261,814
3,000,000
reserve
of
Missouri
slowly and by October, 1926 had attained and annual sales volume
approximately $100,000.
In
1927
Walter
A.
Straub
entered
the
A
3,894,600
,
other
Straub
Realty Co. is pledged
11,352,797
Stocks
of the preferred stock to be offered are to be
given the
right at their option to surrender their shares for common stock of
Allied Chemical & Dye
Corp. in a ratio to be iixed in an amendment
to the
registration statement.
;
'•/
V.
10,675,056
3,000.000
share.
Other investments:
and
.Holders
—V.
4,515
3,894,600
—
Advances-
±t>7, p. 550.
Co,
to
4,015
10,235,989
11,892,761
dividends
and
Mr.
74,564
246,650
debt——
1944.
A.
A.
.
—
trustee and paying
where the
company's Hi-Pointc store is now operated. As of Aug.
31, 1946, Wra.
A. Straub, Inc. was .organized to
take over the operating portion of the
partnership assets, while Parkside Realty Co. took over the real estate
owned by the
partnership. The stock of the two corporations was issued
35,930
68.971
Notes
.
primarily
to be taken over have
completion
business
Straub.
in
Road,
2,891,429
32,121
on
Mo.,
denominations
.
40,178
'
in
The partnership in April, 1936
purchased Kopman
ment and business located at 6717
Clayton
_
Bonds
a
New
York, and
Lafayette National
registration
a
Wyandotte
interest
the
William
the
•
J
issuable
BUSINESS—Incorporated
Eemiston
9,158
roads—*
dividends
Investments
of
the
expansion
preferred
announcement
increased
be
$70,000,000.
&
over
Mercantile
,*"
1
pel* com.
Capital
American Corp. was recently formed to take over the
major part of the U. S. investments of its parent, North American
Solvay, Inc., whiqh is itself. beneficially owned by Solvay & Cie. of
which
Trust Co., St. Louis,
are
of
ness.
•yTotal investment in road and equipment—— 501,003,825 485,089,201
Solvay
purchase
took
Jack
business
•
707,899
1947
in
The assets
Union
debentures
W.
of
862,532
.".-OENERAL BALANCE SHEET/DEC} 31
.
Brussels.
Louis
Walter
ASSETS—
capital of that company for the purpose
of
financing its construction program and to provide the company with '
additional working capital.
'
The
St.
The
of .Wm.
1,636,632
911,677
.
697,622
rents—ly
Floyd D.* :
Registers 200,000 Preferred
covering
minority interest
filing follows the
Dye
1,576,862
1,006,858
6,489
—
Special
March
1947; due Dec. 1, 1962. Debentures are the- uncondi¬
obligation of the company and bear 5% interest/
semi-annually on June 1 and Dec. 1 of each year at tha
partment
225,847
income-—
v
.
1,
and
unfunded
—
on
and
,
54,982
1,979,640
1,011,354
-
$250,000 5% sinking
unsecured
COMPANY
224,702
Cr62,042
Bonds-
corporation
Dec,
but
office of
22.907
acocunts.
funded
on
& Co., St. Louis, Mo., recently
grew
25,583
47,684
stockholders
proceeds
Co.
from
for
purposes.—V.
Solvay American Corp.
Shares—
The
Straub, Inc., Clayton, Mo.—Debentures Of¬
$1,000.
33,415,841
»After deduction of postwar refund of
in
$2,000,000
due .1963;
debenture
$250,000
use
Continental
repayment
About
to
proposes
tional
1,217,540
26,817,767
24,430
income- charges:
Earns,
stock.
The company
is
-
ofi road
funded,
Preferred
underwriting commission for all debentures sold, publicly.
stockholders will be given the right to subscribe to the
new debentures at the rate of one
$1,00 debenture Tor each 100 shares
of stock held at 95.
The debentures are to be
convertible into com¬
mon stock
at an initial base conversion price of $3.50
per share of
common
Dated
agent.
1,270,165
10'a
a
It
"Standard
payable
19,311,146
21,375,013
unfunded debt—
on
Subscrip¬
*66,641,178
Profit
Common
loan
expenses.
of discount
funded debt
Segal Lock & Hardware Co;—Registers With SEC—
61
4,953,282
and
Common
company
5,494,288
Amort,
$44,903,513 $35,953,227 $17,890,657
——_—
•In
The
6,163,775
gross
M scell.
1,286,277
-
15-year
6,672,621
Deductions—
Int.
Stock
—
invested
2,868,733
M'sceliancous
4,928.350
Capital, surplus
Total'——
2,753,933
Rent for leased
par),
par > _J.
Co.
offered to residents of Missouri
only,
fund debentures at 100 and
interest.
74,871,356
2,486,725
from
Total
(no
75,692,924
2,278,376
s>'VfA-
;•
••
Insurance
fered—Dempsey-Tegeler
2,583,052
Total non-oper. inc.—
11,029
$50.-..:
stock
40,980,700
Miscellaneous
282,068
par), slated val. $19.25
value
30,654,358
,250,000
par), stated valu. $28
conv.
stated
Common
31.554,025
55.256,568
from oper,—
from
Income
Cumulative preferred stock:
A
32,897,919
39,541,356
3,193,541
income
securs.
Minority interest in subsidiaries
'Series
797,363
property
Dividend
,
1951
15.
838,507
3,740,825
from' lease
473,888
5,750,000
notes, due Dec.
Unearned income
858,042
Miscell.. rent income.—;
M.sc. non-oper, physical
$3,850,000
subordir
subord.
the
86,961,128
facility
744,713
;
;
Inc.
debt
n
(Wm. A.)
equipment—
1,099,316
______
fund
nated debentures
.
$25,250,000 $21,
,842,500
,
liabilities.
current
10-year
be
31,839,402
-
Non-oper. income—
LIABI .ITIES—
payable,
1,194,015
4.449,855
■
$44,903,513 $35,9^3,227 $17,830,657
——————
Taxes
1,244,937
4,526,166
40,522,725
■
3,905,092
Operating income
.
Notes
Accident
composed
395,139
In^.,
and
expected that substantially, all of
the new funds w.'.l
in securities.
The company
and subsidiaries, known i-.s
of
Detroit
Group"
are
engaged
in
the
writing
ox'
casualty, fire and allied lines of insurance in the 48 states and Li
Canada.
See also V.
167, p. 1262.
1,339,988
3,997,095
800,893
—1———„
of
Co.,
subscription
years.
1.637,430
86,455,297
oper.
rev,
Joint
therefor—
Deferred charges
Total
3,067,286
SO,000
tExcess of aggregate stated value of
$2/60 pi'd. stock over net consid¬
eration
3,077,745
_________
Total
;
2,440,408
——————
income
(neti_
4,539,731
3,050,368
57,429
purch. for sinking fundequipment
837,582
4,575,140
Miscellaneous operations
General
15,145,78?
23,341
•
and
59,270,726
1,515,040
equipment—
Transportation
38,737,813
receivable--—v,.
est.)
Debentures
*
notes
1945
1946
$4,2*0,535
Instalment
186,821,986
57,361,906
932,657
4 504,490
Operating expenses—
Maint. of way and struct.
SHEET,
1947
■\Vr.?
174,397,392
33,842,343
357,107
5,898,559
—_
&
purposes
revehues, 222,833,435 212,041,109 247,536,833 260,978,544
oper.
Traffic
assets—
164,123,085
20.866,952
4,036,323
facility
Evans
A.
corporate
common
0.21
1945.
31,
186,185.803
transportation
1947, 781,348 shares on Dec. 31,
BALANCE
$
—
for
warrants, which expired on March 24, permittcrl
stockholders to subscribe for the
additional
shares- at
tlva
rate of one share for each
2Va shares held of record March 10, 1948.
Proceeds
from
the
financing will provide the company
and
its
subsidiaries
with
additional
capital
funds,
made, advisable
by
the
substantial increase in volume of insurance written in
the
last few
$
Incidental
Joint
The
6,509
$
_'x~_____—'
Total
Based
1946
Other
$153,731
<♦
Including non-recurring items__'__
*
$912,098
sh. outstanding—
per com.
'
6,503
used
ing group.
1944-
1945
6,484
$
r
:
be
stockholder offering.
The unsubscribed
balance of 3,901 shares have been sold
by the underwrit¬
YEARS
1946
6,483
.
tra.n
passenger
J
Express
•Earns.
—
Passenger
$153,731
$1,074,449
$425,257
•
CALENDAR
1947
operated-
Operating revenues"--.
Fregqt
Unamort,. portion of debent. disc. &
expense
:
i
miles
Aver,
of
earns,
—
■
FOR
will
2326.
p.
derwrote «the
$153,731
INCOME
$425,257
Proceeds
164,
tions—Stockholders subscribed for 136,849, or 97.23% of
the company's subscription
offering of 140,750 shares of
additional common stock, it was announced March
25
by The First Boston Corp. heading the group which un¬
Southern
1,492
$360,618
'
r-r---
■Net inc. before non-recurring items
Net gain realized on sale of Cana¬
Corp., Nashville, Tenn.,; and Clement
Atlanta, Ga.
payment.—V,
year
Net
13
(1369)
Securities
England Telephone Co.
New
63,820
,,'213,000
—___—
Oper. and administrative .expense.™
Interest paid
__x_
Provision
ACCOUNT
CHRONICLE
Placed
Debentures
INCOME
FINANCIAL
—
$15,000,000
Privately—The company announced
March 26 that it had placed privately through Chas. W.
Scran ton & Co., Hartford, Conn., $15,000,000 30-year
3%% debentures, due March 1, 1978.—V. 167, p. 1156.
quarteily high," Mr. Thompson stated.
CONSOLIDATED
&
to
$25
par
the
common
value
present 5,000,preferred,
in
the
the
will
be
new
authorized
preferred
convertible
into
company also desires
available to aid in any new
public.
stock
of
increase
because
necessary
planning a public
between $9,400,000.
on
increasing the
from the
split
the
is
vote
The
financing via this route it may deem advisable in the future.
The preferred stock is
being changed to a lower par value in order
increase its marketability.
■
;
Total
_
company
to
of
'
Weekly Estimated Gross Earnings—
..
Period—
Southern Natural
The
Gas
Co.—Financing Proposed—v ■: v
on Maich 22 asked SEC
for" permission to sell $28,of. first mortgage pipe line sinking fund
bonds, due 1968, and
$11,550,000 of 2Mi Vo serial notes, the latter to be issued in
company
of
2't'r
exchange
serial
$650,000
notes
due
bidding.
The
of
notes
la/4%
May
p.
1,
1956.
presently outstanding
May 1.
Bonds are" to be
company
due
The
proposes
Sept.
rest
17,
will
be
to
1949,
used
692.
use
and
to
the
in
that
offered
amount,
under
1948
/
earnings
167,
'
•
"
'
competitive
,;
'
■
Southern
States
Iron
1947
lease
Co.,
Savannah,
Ga.—
Registers With SEC^—
The
SEC
stock
company
covering
($25
reserved'
par)
for
on
March
40,000
for
and
80,000
conversion
Net
of
filed
of
a
5%
shares
registration
cumulative
($1
preferred.
par)
statement
convertible
common
Underwriters
with
to
■
STATEMENT
;.
.
FOR
CALENDAR
1947
-
YEARS
1946
depletion
and
Federal and
20,133,516
depreciation—
State
income
taxes—
12,394,945
5,235,561
3,567,912
declared————_
665,000
$10,008,610
dividends
2,920,000
$4,275,717
1.116.357
604,503
$8,892,253
$3,671,134
4,904.647
4,689,108
$1.81
$0.78
the
preferred
stock,
are
.
income:
Preferred
23
shares
INCOME
.
abandonments, etc.)_
Reserve
;
Roofing
.
and
Provision for
exclusive
pioceeds to pay. $5,000,000
$9,000,000 of 2i\'/o notes due
finanace construction.—V. 167,
1948
$5,868,118 $64,825,267 $59,939,874
;
■
other income——$38,297,687 $20,903,574
Costs (incl. oil sold to refineries, oper. & gen'l
.
.
expense,
int. & disc'ts, cap. extinguishm'ts,
Jan. 1 to March 14
1947
$6,340,422
'
1762.
P-
y
Operating
Week End. March 14
v.
Gross
—V.
000,000
for
:
(COMPARATIVE
-
be
Equitable
Balance
Shares
of
Earnings
to
common
stock outstanding
-share of common stock
common
per
stocks
—:
14
THE COMMERCIAL
(1370)
BALANCE
ASSETS—Cash
deposits, $7,971,288; U. S.
Govt, obligations
tat cost and uccrued interest), $1,566,0/7; accounts
receivable (after res. for doubtful accts. of $7,500), $4,821,225; inven¬
demand
tories, $2,836,346; Sunray Oil Corp, 4Vi% cum. pref. stock, series A to
oe
used lor.
imiu
requirements Feo. l, ly4«
(j.ouj.a shares
jx
$100 each.par-value, at cost), $329,66Q; cash surrender value of
insurance on lue
of officer,
$12a;3b4; investments in securities (atr
cost), $1,00l,35&; notes una accounts receivable (employees), $12,696;
insurance, taxes, financing expense, etc., $262,274; property, plant
and
equipment
(alter
reserve
for
depletion
and
depreciation of
$46,933,399), $86,186,293; total, $105,110,629.'
LIABILITIES—Notes payable
Co.
under plan
whereby a • group of railroads, including
Pacific, acquired the entire capital stock (731,350 shares) of the
sleeping car company from its parent, Pullinan Inc. (which was required by Court order in an antitrust suit to, dispose of either its
car
manufacturing business or its sleeping car business), the stock
being iippoiwbttcu umuug the purchasing railroads in proportion to the
sleeping cars operated by them in 1940.
■'».
•*
.
Federal
747,708
197,460
taxes
112,117
retir.
Prop,
Net
res.
oper.
Other
94,000
approp.
Mail
135
■■■■■„ 1,006
$357,053
$368,296
$4,198,192
$4,152,484
62,945
71,937
838,623
income
Interest & other charges
Ouier
-
Net income
$294,108~
div.
8,800,412
b.i^u.oal
17,275,660
18,453,122
b„o4.a,.,00.
22,518,361
—
—
Total
i
22,916,543
Revenues
over
Taxe.—state
Fed.
inc.
109,593,081
exps._
13,880,o'35
12,480,000
prof.
ins. &
30,44j,;>j0
12,269,3j6
exc.
requirements
38,507
for
period
the
$3,270,817
$3,359,569
$296,359
375,678
375,678
$2,983,891
unemplcy.
13,971,345
emeu t
Other Federal
&
(net
14,410,230
portation
Inc.
oil
lr.
Div3.
separate bids for the bonds and
at Boom
2033,
March 29,
Int.
basis of
Other
the
for
No.
debentures will
Rector
2
1948.—V.
167,
St.,
—V.
166,
Misc.
6,021,631
6,172,238
2,343,818
2,91a,4b3
4,233,6j4
'
tr.
ctfs.
shares of capital
share
stock
each
lor
in DeLarge Oil
3'/2
:•«:
•
-
-
income
62,792,501
42,751,742
7,487,771
*.
11,384,595
935,544
funded de^t_
011
and
rents
chgs.__
857,234
lrom
inc. fr.
shares
Co.
annual
Surp. for
Dec.
has
meeting
be
held
adjourned
been
on
the
for
34,650,279
52,013,745
30,230,014
30,668,555
a
the Mediterranean
ernd.
of
Maint.
13.60
13.80
13,337,460
16,892,554
17,331,095
24,610,730
&
•
:
,
was
equipment—
\
10,253,351
4,795,776
9,431,381
was
$25,000,000 made July 24, 1947,
was
given
on
July
that
18,
the
to
company
3,
Feb.
on
A
year.
drawn down on Dec.
was
from
"reserve
against possible
{Restated.
shipments."
was
1951
Co.,
in-
default
by
secured
to
in
the
by 2.55%
serial notes which mature from
1, 1962.
The notes were guaranteed by the
July
Standard
Socony-Vacuum
Oil
Oil
Co.
Co.
of
Those
payment
Trans-Arabian,
of
Calif., Standard Oil Co.
companies
principal,
agreed
interest
they
will pay 30, 30,
the amount defaulted—V.
167, p. 693.
refunds
Trans-Marine
that
or
and
30,
(N.
the
in
J.),
BALANCE
in
ca~h
Temp,
Other
road,
equipt.,
etc.
S.
event
(U.
S.
Oil
Refining
tCommon
South
to
be
4%
first
purchased
*o=e»e«ra?ce Co'* Harrisburg.
$35,750
first
secur.)—_
Govt,
48,492,763
3,607.721
mortgage
4%
The proceeds will be used to refund
note
and
^cr,ease^ *n ne' inc°me
$6,621,631
in
cipally
higher
to
the1
the
and
Rangely
Wilmington
which
1946
year
sale
demand
pay
field
Los
in
in
oil
from
to
prices
East
field
in expenses for
notes.
*
,
.
gas operations
[from
for 1947] was due prin¬
$16,957,218
Colorado,
fields
partially
intangible
drilling
production
in
Southern
of
oil
in
California
'
offset by increases in the
development costs and
and
Interstate Transit Lines.
was
due chiefly
Owned
The
to
decrease
reduction
Government
owned,
for
on
obligations
contingent interest
from
was
oartially
Baltimore
chiefly
interest
in
in
and repairing
Cerritos Channel.
in dividends
on
bonds
and
dike
The
from
notes
principal amount to U. S.
offset by increased accruals
Ohio
&
R. R.
Co.
bonds.
on
refunds
The
of
Federal
decrease in
Interest
year 1946 to $7,487,771
and retirement
without
first
funded
1947J
debt
was
Lfrom
$11,384,595
for
the
due
principally to maturity,
refunding, of Union Pacific RR. Co. lirst
railroad and land grant 4% bonds on July 1, 1947, The
St. Joseph & Grand Island Ry.
Co. first mortgage 4% bonds on
Jan. 1, 1947, Oregon Short Line RR. Co. consolidated first
mortgage
5%
bonds oh July l, 1946, and Oregon RR. & Navigation Co. 4%
consolidated mortgage bonds-on June 1,
1946, and to refunding, at
lower interest rates, of
Union Pacific RR. Co. debenture bonds in
February, 1946, and refunding mortgage, series B, bonds in March,
1946, these reductions being partially offset by increase in interest
mortgage
<m
equipment
obligations
resulting
from
net
increase
in
2,507,729
240,710,262
99,591,581
319,891,870
11,180,099
9,470,010
lincl.
unpaid
interest
payable
second
596,475
Other current
oh
37,070,774
36,825,367
40,801,715
91,000,000
32,000,000
for
Reserve
Other
fire
32,170,474
39,837,007
3,757,017
due
860
;_.l
Government
Earned
inc. and surp.
4,323,822
222
shipments
refunds
on
U.
2,194,173
39,584;547
Union
of
Pacific
$222,291,000
St. Joseph
was
Co.
RR.
&
capital
and
common
Grand
outstanding
stock
preferred;
$99,543,100
Island
Co.
Ry.
in
the
but
consolidated
books
bonds
back
added
the
of
and
in
the securities
is
up
here
United
consolidating
are
carried
to balance.—V.
the
accounts)
the
on
167, p.
books of
and
the
amounts
the owning
p.
States
Hoffman
Machinery
Corp.
has
called
redemption
for
current
CONSOLIDATED INCOME STATEMENT FOR
'
-
CALENDAR YEARS
'
.
(
sales—-
—
goods sold
administrative and general expenses—
from
income
operations
credits
charges
Federal
income
Foreign
income
income
$3,9.95,536
379,280
M.
Mattocks
John
has
607,526
income
taxes
—
—
for
year
1
;
dividends
■
dividends
per
be
made
at
W.
Secretary of this corooration and
K. Warren, President. Mr. Mattocks
T.
and
General
Counsel.—V.
F.
Chairman,
Geyer,
states
167,
948
pp.
and
890.
that
plans
are
beihg discussed for
common
share—
L
:
Output—
of 0.62% over the out¬
week of 1947.—V. 167,
1264.
Co.—$17,000,000 of Securities Offer¬
separate underwriting groups who were suc¬
purchasers of the securities of company when
competitive bidding March 22 publicly offered
by Halsey, Stuart & Co. Inc. publicly
first mortgage bonds, series M, 3%,
due March 1, 1978, at 101.19% ' and accrued interest.;'
Award was made to the group on its bid of 100.719.
The First Boston Corp. headed an underwriting group
which offered 50,000 shares of preferred stock
($100
par). The stock, having a dividend rate of 4.20% was
priced at 101 205 per share. The new securities were
awarded to the group on a bid naming the present offer¬
ing price with a compensation of $2.65 per share to the
/
company.
The
which had invited banking groups ta
as well as separate bids for both
bonds and stock, received 18 bids, in all, as follows:
company,
submit
basket bids,
730,782
1,254,901
61,598
$974,994
$1,840,449
127,152
Lehman
The
&
Co.
Inc.
Peabody & Co.—_
Kidder,
Boston, Corp.
W. C. Langley & CO.—
Smith, Barney & Co
$1,967,602
single
127,036
67,007
Corp.,
{Preferred
100.63
99.56
'
$7.31
{Preferred
99.56
100.78
'
98.625
99,125
100.7799
100.5599
98.555
100.626
101.014
100.50
99.27
100.70
99.27
—
99.26
{4.3%
designated a 3% coupon,
bids for preferred stock except high
which designated 4.2%.
dividend designated by all
bid
519,972
'
'Bonds
100.719
100.5799
Brothers
First
$974,994
194,990
$3.26
-Basket-
-Single
'Bonds
Stuart
Halsey
'All bids
Earned
next, out of
3(4% series
Corp.—New Secretary—
to
422,833
Special credits from postwar conting. reserve-
Common
1,
May
been elected
according
4,310,563
695,058
622,602
Crl5,394
—
.tax——
—
315,027
$2,884,796
1
income
Income
1947
1946
$24,223,561 $24,118*,399
17,411,393
16,107,581
4,306,652
4,015,282
$2,505,517
—
Depreciation and amortization of physical prop.
Net
on
A group headed
offered $12,000,000
Private
,—
reduce
major portion of the proceeds will be used to
loans, which at Dec. 31 last totaled $8,500,000.
Net
tax
National Bank & Trust Co. of Chicago, trustee.—V. 167, p. 476.
cessful
which
Gross
income
offered at
insur¬
Other
$4.09
Federal
monies, $35,000 of its first mortgage fconds,
102.90 and accrued interest.
Payment will
West Penn Power
at
on
Profit
associated
the securities on March 24.
company, a
of
Less,
emergency.
{Deficit.—V. 167, p. 948.
at
ed—Two
companies
an
Cost
of
20, 1948, totaled 97,071,000 kwh., a decrease
put of 97,677,000 kwh. for the corresponding
1197.
Fe*b. 27 borrowed from
$4,000,000 %Vz% loan due 1963
certain annual payments are required.
Net
endine
output of the electric properties of this company (nreviouslv
American Water Works & Electric Co., Inc.) for the week ended March
issuing companies (less unextinguished discount
charged to earned surplus—unappropriated
ance
bank
S3.77
Power
balance sheet excludes all
Loan—The company on
A
$7.28
fund
discount
which
set
758,596
$11.70
share
stock.
West Penn Electric Co.—Weekly
the
and
common
intercompany items,
securities of the Los Angeles & Salt Lake RR. and St. Joseph & Grand
Island Ry. owned by other system companies are not included.
The
difference between the par and face value of such securities as carried
the
{2,017,629
issuance, tnrough underwriters, of 60.841 shares of common stock.
would be used for working capital.—V. 166, pp. 1934 and 202.
the
preferred stocks in hands of the public, and Oregon-Washington RR.
Navigation Co. capital stock held by directors.
on
23,589,790
Wayne Pump Co.—To Issue Stock—
39»584,547
1,206,682,734
&
on
56,186,398
Oxley who has resigned.
Since the acquisition by Warren of the Hanlon properties in 1946,
Mr.
Mattocks has been
first assistant to James E. Allison, Vice-
338,845,277
1,155,240,072
represents
this
34,813,008
surplus
r
Proceeds
value
{As
'34,813,008
to
succeeds
'Restated.
years
34,813,008
3,742,146
367,170,182
—
balance
45,692,073
subsidiaries,
B.
both
25.219,677
stk.
per
President
;
liabilities
of
60,791,281
'25,219,677
Warren Petroleum
S.
surplus—unappropriated
Total
58,015,056
25.219,677
company
Don
28,522,352
.
3,118,979
2,507
28,522,352
reserves.
possible
88,622,475
1977,
its
betterments
against
65,000,000
25,219.677
com.
the City
14,964,847
39,048,982
860
credits
Funded debt retired through
t
30,000.000
1,683,323,605 2,021,395,614
7,676,282
The
insurance——
and
25,000,000
— —
on
—
sinking
surplus—appropriated:
Additions
—
Upper Peninsular Power Co.—Partial Redemption—
on
proximo)—
liabilities—
unadjusted
surplus
—
pfd.
cum.
adjustment.
3,789,939
8,041,593
15,838,605
divd.
liabilities
Deferred
Preferred
4,979,675
45,197,381
1,995,688,035 1,407,441,851
tDue
4,122,575
12,634,382
50,075,243
43,716,186
(incl.
principal
in affiliated companies" [from $27,31, 1946 to $29,124,657 at Dec. 31, 1947] was due
principally to the acquisition of 43,914 shares of capital stock of The
3,500,653
due
.
unpaid
accrued
Taxes
amount of such obligations.
The increase in "Investment
Dec.
4,777,135
—
—
common
222,302,500
companies
matured
stk.
com.
799,087
at
2,600,883 '
1,206,682,734
99,591,581
proximo)
Selling,
on
for
taxes
Divs. on
222,302,500
The
taxes.
1,586,363
127.098,148
,
1
increase
in. other income was due principally to increase in
charges
against the Pacific Fruit Express Co. for services rendered and privi¬
leges granted to it, partially offset by decrease in interest received
■
3,517,648
2,540,618
costs
stock
1,486,108
1,492,633
1,155,240,072
Fed.
Divs.
the
and
reconditioning and redlining wells
field against overflow
dividends on stocks owned
in
and
and. Increased
Angeles
protects
decrease
Cr35,584,069
Total
33.128,676
iV;v
——
:
matured
{Balance
Union Pacific RR.—Annual
Report—E. Roland Harriman, Chairman of the Beard, and F. W. Charske, Chair¬
man of the Executive
Committee, state in part:
Wilmington
*
;
income
43,001,365
'163,551,106
' '34,845,662
37,824,071
stock
debt
Dividends
charge
respectively of
a letter of notification with the
mortgage bonds, due April 15, 1973.
The
by Merchants & Business Men's Mutual
/v
Cr27,626~351
(Cr)
addit'l
Earns,
affiliated
to
Earned
Milwaukee,
•
costs, etc., on
Est.
892,845,746
43,312,877
96,302^250
: :v.;' A
tPreferred stock
Funded
equip machinery.
840,000
is
••
-
cellaneous taxes
LIABILITIES—
of
The company on March 23 filed
for
e
*
—'
Balance
tPar
issue
for
amortiz.
aris. out of war
1946
35,940,296
/r:v:
V
-
Sinking fund
Corp.,
138,997,575
;• V- "~r~j
debt
State, local & mis¬
926,091,531
asset)
——'—
Total
prepayment
10%
792,901,582
123,420,917
3o,584,069
prior years:
Other
Govern¬
(net)—
assets—
Paid-in
Trevorton Water Co., Harrisburg, Pa.—Files With SEC
SEC
in
Est.
672,728,198
,
incl.
Strike costs
.
14,965,036/
U.
on
,
invests.
current
Deierrecl
company on March 19 filed a registration statement with the
covering 850,000 shares ($i par) common stock to be offered at
Distribution will be made by company.
Proceeds will be used to
and
68,739,174
21,995,708
33,074,986
18,081,595
amort.—
above
The
build
•589,606,301
'28,975,958
.
exhaus¬
above prov.
*
SHEET
Material and supphes
and
Wis.—Registers With SEC—
par.
•9,120,897
14,045,483
—
v
Int.
:
Reserve
SEC
15,936,855
841,915,356
902,162,021
778,391,800*
679,353,429
10,402,279
serv.-
costs
War
5,004,781
.1947
Investments
week
a
second
1947, and the
10, 1948. Alto¬
gether $80,000,000 has been Withdrawn of the total loan of
$125,000,000 leaving a balance of
$45,000,000 to the credit of the company.
1,
13,373.932
42,752,830
1,747,338,661 2,082,186,895
applic. to period
tReleased
ment
Due
negotiated
°* »2<>.°00,000
installment
Texas
;
«
.
.
5,930,612
$
$
872,496,549
facilities
tAddit'l
17.07
'
1944
1945
20,663,936
■
taxes
&
&
Wear
*13,337,460
& struct.
way
of
Interest
*
loan
Products
tion of
29,784,645
surp.
Cash
Sea.
#]rhe^lr8t *'lthdrawal
the
credit
Sec.
Pay. for pensions
37,948,190
13,337,460
covering
INCOME
OF
1946
1947
•
«fc sal.—.<
Wages
3,981,724 '/
23.40
to
STATEMENT
2,122,786,243 1,436,064,326
41,929,914
22,229,100
stock
com.
sheet
*
-*r
*
-
balance
given elsewhere in this issue.
Employment costs:
1,746,467
Cr859,020
3,981,724
Irving S. Olds, together;
and
$
.//$•*'
time
24th
April ul.
account
are
56,927,433
14,110,072
.
3,j81,724
ASSETS--
with insurance companies to finance
1,000-mile pipe line across Arabia to
year
the building of
Jan.
47,703,447
13,o05,8<J7
1,166,000
stock-
com.
Corp.—Annual Report—Excerpts
(CORPORATION AND SUBSIDIARIES)
r
the
stock.
1947,
5,299,744 *.
•
34,211,738
Unadjusted debits/
The
4,999,245
3,981,724
21
on
Transf.
Trans-Arabian Pipe Line Co.—Draws Down $35,000,000 Additional—The
company has drawn down a third
instalment of $35,000,000 of the
$125,000,000 credit it ne¬
gotiated last
the year
ex¬
on
DeLarge
of
Steel
income
2,149,737
1,190,718
*
55,995,469
px'd. stk. of
on
Maint.
meeting originally convened April 25, 1946, Is believed to be
one
of tne longest
annual meetings on record.
Adjournments of 30
days have been taken during a Court proceeding brought
by
the
Securities and
Exchange Commission.—V. 167, p. 476. \
I*1*
third
,
the
with
long-term
scheduled to
now
after
-
co.
sources
'Including deprec.
amort, charges:
The
-
5,264,020
Crl,547,973 Cr3,780,135 Crl,618,699
reserve-
all
.
88.
p.
CONSOLIDATED
12,717,036
13,546,239
1,299,932
2,161,398
3,937,532
$23,450,004 $24^403,377
—
-
—
200,000
3,000,000
4,590,441
•
•
2,273,337
4,460,896
owned
..
:—
from the remarks of Chairman
1725.
p.
1946
is
36,526,015 •'*
7,687,916
16,a5'<,218
owned—
170,525,
,
13,298,950
(net)
opers.
798,697
200,000
2,940,000
1,299,932
2,174,646
—
—
167,
Addit'l
the
par)
i—a—
surplus
Total
—V.
947.
p.
1,000,372
1,119,388
139,842
—
.
13,947,636
31.107,553
GENERAL
The
>:
($5
surp.us
Earned
Soc.
Transamerica Corp.—Adjourns Annual
Meeting—
and
*
stock
Common
.capital
.
.
26,953,352
incume
Interest
to
up
...———
—
and deferred credits—
Appropriated surplus—reserve for inventories—
4(4% cumul. pfd. stock ($100 par)—
received
be
York,
New
taxes
Non-current liabilities
bought
March 15 filed a letter of notification with
shares ($1 par) common stock, to be issued in
Gulf
income
franchise
3,021,590
818,331
etc.——
payable within one year-/
and, in 1947, New York State
Calendar Years-
D.ivs.
on
Texas
one
12,228,794
.
36,757,231
bonds, notes and
on
Net
Texas Gulf Producing Co.—Additional Stock—
change for 41,832.5
.
.
—
opers.
stocks
on
trans-
from
Divs.
SEC
Federal
$8',000,000
7-*1,563
accrued accounts—-—
(est.)
•
1
.217,300
$8,500,000
1,744,191
——
United States
inc.
Net
1973.
company
for 11,952
10;807,443
2,665,866
;
•
Percent, par val. outouig.
The
11,114,234
969,018
289,546
•
rents
company is inviting bids, (l» for the purchase as a whole from
$5,000,000 first mortgage bonds, series due 1978, and (2) for the
purchase as a whole from it of $5,000,000 sinking fund debentures due
on
taxes
$2,895,139
Bids for the Purchase of Securities—
(EST),
10,364,736
-124,850
jt. lacil.
charge)
Eqpt.
The
the company
Income
11,852,758
10,332,894
60,600,000 118,000,000
373,476
1
-
$23,450,004 $24,403,377
:———
account of war contracts,
Advances on
74,585,795 129,591,288 191,631,164
county.
<te
&
1.
3,237,986
:
;
payab.e—banks
Accounts payable and
21,755,372
22,819,196
"
;
(
—
it of
A.M.,
22,855,193
V
Notes
1 14b,741,604 140,262,539 144,300,152 137,571,730
—
—
1
'••'/
——181,121
—
—
—
LIABILITIES—
revenues.
Transportation
Other
tReleased
by
Total
8,617,087
7,572,965
21,586,322
——————
equip,
Balance
11
-
(nominal value)—
(less reserves)—3,832,167
—292,8y8
■———
and
Prepaid
———
3,295,743
7,287,826
goodwill, etc.——
deferred charges
Patents,
410,053,705 361,395,534 491,677,872 506,590,966
'Maiht. ox way & struc.
53,128,675 4u,o76,730
69,794,445 63,195,849
'Maint. of equipment.69,181,745
69,2351,049 117,834,077 85,426,030
Traffic
8,486,056
7,830,228 " 7,538,714
7,010,820
oper.
Total
Preferred
7,928,256
0,u^,u<t>
10,261,534
„
———————
European subsids.
in
assets
Other
^
^
reserve)——
—-
Plant property
.1944
881,667
$367,290
$356,918
revenues-
income
Gross
$4,113,977
'
Express
reuii
$4,181,038
17,154
1945-
./
.
1946
$1,490,405
6,234,939
990,217
3,763,322
8,100,729
receivable—
accounts
Inventories
revenues—Freight 330,468,521 263,825,663 355,546,158 377,242,608
Passenger
46,412,313
64,767,863
96,370,042 91,571,980
1948—Month—1947
Other1 taxes
1947 //" V 1946
(less
accounts
Instalment
Other
/
..
1947
$1,251,135
7,309,111
i~
War contract terminations
Oper.
f ed.
1948—12 Mos.—1947
$1,314,002 $16,975,930 $14)916.832
589,442-8,577,109
6,814,500
202,152
2,127,043
2,189,860
77,118
1,138,746
922,995
„
78,000
952,000
875,500
,
BALANCE SHEET, DEC. 31
,
.
L
Cash'
Invest,
'"/''v'';/'*•
.
Texas Electric Service Co.—Earnings—
$1,508,203
.
CONSOLIDATED INCOME STATEMENT FOR CALENDAR YEARS
year),
(instalments payable within one
on preierred stock, payable Jan; 1, 1948, $275,580;
payable (current), $4,352,094; withholdings from employees
-or
taxes,
$ou,051;
accrued
taxes
(other^ than income), $69,438;
accrued
payrons
and interest, $151,797; provision for Federal and
^tate income taxes, $2,890,000; accounts payable (not current), $1,053,001; 1%% promissory note (payable $500,000 semi-annually com¬
mencing Feb. 1, 1949), $8,000,000; 4% mortgage note* (payable $382,oOO annually commencing Dec:
16, 1949), $8,442,5u0; 20-year 27/s%
debentures
due
July 1,
1966, $20,000,000; provision for additional
Federal and State income taxes, $533,183; preferred stock (par value
$100), $26,190,000; common stock (par value $1), $4,904,647; capital
surplus, $19,538,u78; earned surplus since sept. 1, i9a4, $12,276,860;
total, $105,110,629.—V. 167, p. 1262.
ASSETS—
■
$1,382,500; dividend
Period End. Jan. 31—
CONSOLIDATED
Union
accounts
Operating revenues
Operating expenses
Monday, March 29, 1948
CHRONICLE
Pullman
DEC. 31, 1947
SHEET,
and
hand
on
FINANCIAL
&
(Continued
on page
53)
of
The
First
Boston,
Volume
167
Number 4685
THE COMMERCIAL
Stock Record
&
FINANCIAL
CHRONICLE
(1371)
New York Stock
Exchange
DAILY RANGE OF PRICES
WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
FOR EVERY LISTED ISSUE
Range for Previous
8TOCKS
Range since Jan. 1
Year 1947
Lowest
I per share
f per
66 % May
90
Lowest
Highest
87%
S per
share
YORK
'
,
2
Abbott Laboratories
90
8
Jan
5%
Dec
10%
Feb
4% Feb
11
6% Jan
9
ACF-BriU
43 Va
Apr
60
Oct
45% Feb
11
52% Jan
5
Acme
14% Feb
11
17% Jan
2
18%
Oct
55
Jan
May
6
>
10%
Dec
Feb
Dec
,16 Ve
31 Va
Jan
5%
21
Jan
5
80
2.50
37
Feb
56
76%
Nov
70% Jan
7
Dec
Nov
10%
Dec
164
48%
18
Nov
202
May
90
Apr
12%
*
24% Feb 28I
Feb
104
Nov
Mar
22%
Feb
18% Mar 13
36%
Oct
28
Mar
8
30
Jan
39 Vi Mar
25
Feb
90
Dec
105% July
81
Oct
91:
99%
Oct
Jun
prior
86
v
5
conv
5
Allen
Industries
5
Allied
Chemical
33% Jan
Allied
31% Jan
> 89
Jan
V 92% Jan
9
y
-
•
5
!
;8
3'A
28'%
*90
10
18%
18%
29 Va
29 Va
28%
*81
29%
28 Vi
83
;
36%
-
•
*81
.
37% *
89
90
17%-
41%
46
Jan
73
Mar.
34% May
7
Dec
50%
Dec
20% May
65% Dec
29%
29 'A
17 J
19
May
May
107%
Dec
;
!
35
25% Mar
Jan
8%
30% Jan
Apr
46
107'
Dec
83% Feb 20
50%
:
Dec
11%
Mar 18
42
;
*
Apr
51% Jan
31
68
9
21% Jan
9
110%
7%
Dec
36
99
Dec
103% Feb
Feb
196%
■
x35% Mar 19
Nov
Amalgamated
Amer
>
76% Feb
6
Sep
167 % Feb
21
6f#
Amer
MarlO
4%
Amer
82% Mar 22
7%
54%
Feb
37% Mar 16
43% Jan
9
Jan
91
Mar
8
100 Va Jan
21
conv
Feb
18% Mar
5
22 Va Jan
8
Amer
104 Va Jan
28
106% Jan
15
Feb
24
50% Jan
13
Sep
Dec
18%
88
Dec
Dec"
38%
101%
Dec
25% May
3% May
13
Jun
16
Dec
110
Feb
56
Aug
43
Feb
16% Feb
24
Feb
16
102
Mar
37%
30
30%
27 Va
27%
81
82
82
37'A
36%
36%
36%
90%
90
90
*90
30% Jan
12
American
Distilling
6% Jan
15
American
Encaustic
16
Jan
Jan
5
Feb
Dec
25'A
101 Vi
Feb
55
42%
Apr
37% Jan
5% May
9%
Oct
9% May
12
May
18% May
102
Dec
55
x34Va
V 10%
6% Mar
Jan
50
Jan
30%
Jan
53
11
25
24%. Jan
5
6%
18%
Jun
80
Dec
7%
:
Dec
Jan
2
13% Jan
15% Jan
22 % Jan
12
American
1%
x25% May
127
Dec
8%
f per share
28%
t per share
Sep
16
9
20
79% Feb
5
85
Feb
6% Feb
11
32% July '
147
Mar
24 V» Mar
125
July
132
Dec
14%
Feb
7
Feb
17
39%
Feb
29
Feb
10'
16%
Feb
Dec
85
Dec
129%
76%
Dec
117%
11% May
170
Dec
24% May
99
Feb
11
95% Jan
85% Jan
14% Jan
Mar
Feb
25% Feb
Feb
90
Feb
16%
Feb
10
Mar
Feb
16% Feb
Dec
32
Dec
136%
25
Dec
Va, May
23%
Jun
21
Jun
70%
172
Oct
40
Feb
34
May
47%
May
146%
J.49%
Oct
133
Jan
61 Va
Jan
27
27
140
22Vs Mar 12
Jan
preferred
American Snuff
26
29% Jan
9
26% Jan
6%
12
19
Dec
,
Mar 19
34% Feb
24% Jan
13
Feb
'18
39% Mar 23
.
116% Mar 15
Jan
129
Jan
12
153V# Jan
>8
Feb
,58
Mar 25
68% Jan
5
84%
Feb
58
Mar 25
69% Jan
7%
5
163% July
136% Jan
Dec
6
Feb
14
,46%
Aug
116% Mar
144
Mar
'
60 Vt Jan
119% Jan
6
6%
9
2
8%
Dec
Jan
50%
Oct
36%
Mar 17
44% Jan 31
May
110%
Feb
95
Jan
99
Va Jun
5% May
.103%
5%
68
May
Jan
Apr
42
36%
38%
35
Nov
101% Nov
46%
Jan
14% Apr
9%
Dec
For
Feb1
10%
69%
30% May
Dec
7
51
Feb
17
16
6:
Jan
30 '
Feb
28% Mar 19
page
8
26.
,
Jan
>
9
38% Jan
*15
21
21%
21
*97
100
11 >
Mar 17
-
6
•:
24% Mar 24
11% Mar 22
$4
r
Andes
Copper
$ per share
6,800
Thursday
Mar. 25
t per share
$ per share
18
18%
17%
18
17%
83%
83
83
83
8%
8%
8%
8%
*8%
8%
8%
28%
27%
28%
28%
28%
*28%
*125 ;
8
127
7%
7%
*30%
8%
125
*7%
*125
8
*30%
31
8'/a
125
31
127
7%
31
17%
83
*82 Va
♦125
7%
*7%
31
*30%
17%
127
8
31%
88%
88%
88%
77%
77%
78
Shares
1,900
i;
13%
13%
13%
14%
14
13%
14
13%
EXCHANGE
,
167
28%
*164%
*
167
13%
164 Va
28%
200
300
*164%
v28%
20,600
1,300
1.400
21,900
168%
29%
28%
29%
29 Vs"
■y-
28%
29%
93
94
94
94
;
94 Vt
94'a
94
94
10 'A
10%
10%
10%
10%
10%
10%
11
11
par
17%
18%
19
19
*18%
19%
19%
19%
18%
19
par
42
42 Vt
43
43
43
43
53 %
54 'A
53%
55
54%
56%
143Vt
143'A
par
> ;
*31%
Hi
142%
33
»■
143%
43
43
54%
55 Va
142%
22%
22%
,r-: 23
23%
A 23
No par
—No par
»>ii19%
l l
100
100
__5
'143 V
33
*133
29
39%
*121V2
18%
18%
18%
29%
23%
19%.
18%
149%
39% r.
148%
59%
59%.;.
60%
59
*117
7%
42
100
96 %
85%
25
7%
37
29
.4..
No par
Co____^._21%
*99%
96%
*84
89
7%
65
343%
:
43
138 Va
53 V8
116 Va
149
138 Va
149%
138%
53% '
53%
117
*60%
35 %
'
65
34%
K
37%
29%*
102
7%
35 Va
36%
37%
30
-V
*99%
1
31%
102
20
149 Va
1,200
2,800
400
600
149%
58
59
18,400
59
58
139
138%
139
54%
53'A
54
118
3,600
9,900
.
.
930
4,200
117%
117%
117%
7%
7%
7%
7%
7 Va
7>A
42 Va
43%
7,300
42%
43%
43 Va
43%
21,200
*96%
98%
*85
88
*96 Va
*85:
7%
98 Va
91
*62
34V4
37
30
*99%
7%
7%
7%
63%
63%
63%
35%
34%
35%
38%
31
34%
-J,
103
30
•99%
38%
87%
7%
7%
*64
34%
35%
*30'A
*99%
49
49
49
49
49 Vi
49%
22%
22%
23%
22%
23%
23
24%
10%
11
11%
11%
11
11
11
11
98%
86%
30
49
"l
*97
102
22%
v
*1,200
39%
59%
49
r
10
4,000
23%
59%
•
'
*59
50
7%
96%
85%
7%
117
73/8
42%
43
*95-,
' v
117
H8
7 %
-
19
59
59
53
800
29'A
*18%
61
141%
19%
32
133
19
19
,
60%
52
*23
190
450
125
148%
140
28%
38%
60%
'A
31%
133
900
11,900
144
*120%
'60%
50%
143 Vi
280
3,400
5 6 V4
39%
148%
141
<
26,600
44
121%
60%
50%
55%
39%
60%
!'
19%
*43
29'A
121%
123
148%
Va
32k
135
23%
19%
39%
120%
:
29
y
23%
19%
144;
31%
135
Vt
120%
18%
*140
5
20
143% :
59%
100
10
193/4
.'
'59%
y
—..100
_No par
193/8
39
:,
148%
25
1
19%
120
*18%
25
common..No par
y
38%
38%
120
100
com
168%
8%
89
93%.
*93
28
Inc
*164%
8
10 Va
>
*32
common
168%
8Va
5
*133
Tobacco..
8
700
60
CLOSED
GOOD FRIDAY
14
*l64Va
120
*
3,900
78
29%
Corp.
Sales for
the Week
83
8%
25
...
Friday
Mar. 20
$ per share
28%
17%
'
77%
>
.100
Co
500
8%
27%
32
Mining
1,700
20%
98
83%
30%
8
l.iOO
n»A
15%
PRICES
t per share
135
Oil
SALE
Mar. 24
29
Anderson-Prtchard
98
Wednesday
32
ic
20%
Mar. 23
*133
Clayton
20%
98
Tuesday
28%
preferred
Anderson,
HIGH
20%
93
Mar. 22
127
*7%
Anchor Hock Glass Corp com.. 12.50
5
:
11'A
*15
15'/a
Monday
.135 '
Cable
11%
*15
21
97Va
28
&
11%
15 Va
97
27'A
30%
10
Copper Mining..
Wire
11%
88%
—100
Lead 8c Smeit
S5 prior conv preferred
Anaconda
Va
23,600
7%
95
8
com
Amer Zinc
*85
600
300
2,800
54
77
preferred
Anaconda
'
,
5
104% Jan
53% Jan
3
11 %
15%
*15
*133
Woolen
95
14,200
2 4'A
8
*125
$4 conv prior preference—No par
>
7% Mar 22
64
4
Jan
2
7%
*85
95
11
100
Works Co
7
88
preferred—________—
Water
23%
7
17%
27
Viscose Corp common—14
^American
9
38% Mar 23
46'A Mar
see
Am
,35% Mar 20
98% Feb'
16
Jan
to
58% July
24% Dec
footnotes
5
11
111% Mar
18% Feb
Jan
90% Feb
21
76% Mar 16
;30% Feb
,
8
11
62% Jan
U
Mar
Dec
Feb
*47
24%
7
8%
class B
preferred
American
i
13
Dec
62
11'A
15%
*85
Foundries—No par
Tobacco
Common
55
237/a
88 Va
American Tel 8s Tel Co™
American
A
6%
79
common.
Sumatra
*47
24%
77%
preferred
American
54 v.
88%
American Sugar Refg common
6
19% Jan
21
6%
77 Vt
preferred
Stove
6%
100
Stores
American
6'/a
89
....
Steel
American
5
26 Va
90
non-cum
American
6Vs
No par
•
7%
t
7%
34% Jan ;.9
82%
120%
conv
Mill
preferred
38'A
77%
—
Rolling
38 Vt
84
8
v
38%
2,200
9'A
*37%
*6%
95
70 Vt
89
Safety Razor
Seating Co
No
Amer Ship Building Co
No
Am Smelt 8t Refg common—No
9
Apr
60
*85
21,400
621/4
97
17%
1
70'A
9%
21'A
*83 %
No par
com
71
1,200
3,100
2%
62 Vt
24 Vt
7
600
600
17
2%
'
f per share
100
Co
Light
preferred
4%%
56% Mar 24
1477/a Mar 17
Oct
11
*14%
No par
American
> Mar 22
Feb
41'A May
6%
95
No par
16%
2%
6 Va
*47
24%
17
38'A
LOW AND
American
174%
*116%
54
24
Mar. 20
American
Jun
Dec
*80
>11
20
preferred
7%
5,
Apr
62
135
*47
4,000
15 'A
-
*95
preferred
9
151
Mar 19
Feb
-5
43
11
Oct
20
V
'
6'/a
15'/a
15
9%
6%
54
8,300
5%
62%
6%
23Va
No par
No par
19% Mar 24
11
25% Feb
28% July
29% Jan
27
12 % Jan
9
MarlO
.
Jan
101
17
Feb
31;
Jan
37
v
*5'A
8%
*37%
6%'
36%
61 Va
38'/a
6%
.
5Va
69%
8%
*37%
Saturday
Amer Rad 8c Bt San'y com
32% Jan
14
f46%
Mar
158
176
11
139
Dec
July
116
18%
38 % Feb
3
68'A
62
6%
$5
9
165
Power 8c
68'A
7%
7%
15'/a
*60
22Va
$6
9
13
Amer
12
21
12 Va Feb
Oct
42%
7%
Va
*
38%
6
*47
1
2
5%
62
1
common
17
2 'A
69%
5%.
*60
No par
.
News Co.
72% Feb
22%
48% May
Molasses
American
81
109%
142
American
8
Feb
37%
1
com
7%
*37%
No par
American Metals Co Ltd com.No
par
6%
preferred
100
2
29%
61
60
STOCK
Mar 10
8% Jan
Feb
186
7%
y
10
17%
2 %
68%
900
99%
♦29
2%
Amer Machine & Metals
14
Feb
17
May
9% Aug
Jun
8% Jan
33
6% Feb 28
15 % May
34
Jan
99
30
*16%
Co
Amer Mach * Fdy Co com
3.90% cum preferred
2
99
2%
Par
2
99
30
17%
17%
100
17 Va
29 Va
15
"
70
1,200
90
99
14%
2 '/a
*88 Va
' >36%
36%
14%
EXCHANGE
Mar 10
28% Jan
9
Mar 23
28% May
7
Jan
,
90
3f3%
14%
100
NEW YORK
8% Mar 23
*88
37%
14 Va
$ per share
Jan
90
*88
*5Va
16%
4,700
18%
17 Va
5Va
preferred
Highest
18%
18 '
5%
68'A
'
49
19%
*17'/a
.
'
90
STOCKS
Lowest
49
*18%
5%
2
700
22
106%
17'/a
17'/a
*5%
16%
530
4,500
97
20
•;
28 Va
68 Vi
3,600
'
29%
40c
21%
106%
10,800
40
49
No par
Products
Locomotive
21%
107%
*28'/a
preferred
100
American International Corp.No
par
American Investment Co of 111
1
.8
104 % Jan
27
21%
29 %
15
*93%
-
*105%
29%
50
12
98
1
non-cum
Range since Jan. 1
15%
SS
Home
Highest
101
..20
Ice common
18% Mar 17
*87 Va
2,600
4%
*48
36%
American
95% Feb
90
17 Vi
.39
4,400
174%
40'/a
*94
4%
*18%
19%
17 Vt
174
1.500
v
81%
174 Va
21%
99
American
Feb
*18%
17 Va
'81
48
37 Va
5
Jan
20
4Va
81%
47%
98%
^6
Year 1947
I per share
*86%
preferred
Range for Previous
Lowest
17 Va
4%
106 Va
106
47 Va
37
13
30
106 Va
46
98%
Jan
5
*105Va
80
12
39 Va
97%
1,600
62
173'/a
.
40
■>.
20 Va
61
*11%
81%
A
174%
96
20%
37%
Jan
6%
40
96Va
98%
02
7%
40%
*96
36 Va
13
Jan
174%
20 Va
*18%
com
Hide 8c Leather
conv
40%
175
106 \
4%
81%
20 Va
y;
2,700
106%
21 %
106 »A
4%
81
93%
Hawaiian
American
5
*105%
106
10
10% Feb 11
Nov
116
7% Jan-
American
40%
96
10
Foreign Power com__No par
preferred
No par
$7 2nd preferred A
No par
•6 preferred.
No par
7
106
174'A
$7
12
Jan
40
13
6Ve Feb
92
Oct
14%
77% Jan
10
Feb
20% Feb
106% Mar
13
4
20
106 %
58,300
38%
174%
Amer 8c
9
9% Mar 24
4
Mar
5% Feb
Jun
2% Mar 25
89% Jan
3
37%
preferred series A.IOO
conv
American European Secur
American Export Lines Inc
W% Mar 22
22
2
65% Mar
37%
38
4%
45%
Tiling
31
38 Va
82%
106 Va
Co
2
Jan
37 Va
4%
100
26
16
37%
81%
10
Jan
14'/a Mar 16
12
105'A
45%
com
Feb
17% July
20 Va July
62%
*11%
4%
*105%
Co
5
3Va%
*61
11%
81%
20
21%
62
37%
104
39%
*21 Va
21%
37 Va
*93
21%
900
65%
11%
••
2,200
*
9%
65%
62
4%
:
9%
66%
66
•
96%
46
21%
80Va
No par
10
2,200
12%
36%.
*174
9%
96%
'46
,
1,000
5%
47%
63
12
104.
46'/a
1,200
28%
21%
*62
,
11%
100
Sugar
4%% prior preferred
American Cyanamld Co
5
21%
63%
No par
Crystal
2
21
,
11
No par
1
Colortype
2
20%
*62
V
*46
95
46%
'
5 Vi
47%
200
8,700
L:
28%
5%
Va
94%
10
1
Inc
*46
67
25
preferred™
American
Jan
9%
66%
100
Chicle Co
American
88 % Jan
10
68'
100
5
40% Jan
9%
66%
No par
com
Cable
10
106
9%
66%
100
19% Jan
5
9%
65 %
10'
Radio Corp
19% Jan
:.-:5%
47%
'■
»
1,500
7,400
v
37%
90%
90%
.
29 t
*28%
5%
*46
1
1
25
Dec
Apr
cony
29
x5 JA
48
100
common
4
Jan
July
May
5%
*28'A
5%
46%
preferred
American
29
46 Va
50
1,100
27%
47
preferred—.
3,100
30'/a
45%
American Car 8c Fdry com
>
5'A
*47
1.666
19
81
45
Jan
Feb
6
18%
19
27%
45
Note common
Chain 8c
28%
5%
48
10
178
30 Va
96
6%. Feb
46
Jan
22% July
10
177 Va
83
95
10
6%
90
10%
28%
36 Va
90%
5,300
95
30
97 Va
11
115%
Jan
8c
28%
5%
28%
27 Va
*81
96%
33% Feb
Dec
49
cony
Can
27%
1
74
28%
*90
29%
28%
10
4,000
"
178%
19
1,800
41,700
41
*71
29%
•10
19
40%
74
95
178%
97 Va
94% Feb
Oct
Dec
74 Va
». O
179
,
41
7
29
'
10
Chemical.No par
13
Feb
88
48% July
118%
2
7%
'
26 Va
86
37
40%
*71
93
preferred
Cable
7%
28%
19
3%
No par
preferred
115%
Oct
76%
3%
3,900
•
17%
*76%
3%
*47
Bosch Corp
Brake Shoe Co
American
8
May
47%
*17%
76%
50
preferred
May
20% May
105% July
94
com
American
9
175% Jail'
cum
American Bank
4% Mar 23
11
Mar
No par
Co
preferred
Petroleum Corp
Agricultural
3 Va %
5
,
•
Leather
convertible
American Airlines common
Mar 8
12% Mar 22
108
6%
Amerada
Mar 22
42% Jan
26
3% Feb
-
65
9% Mar 17
Feb
Alpha. Portland Cement...
'v;
•9
Mar 22
6
Feb
50
Jan'
58% Feb
Jan
17%
*
10
18% Mar
Jan
77%
2
52
13
Mar
80
9
106% Jan- 12
Mar 11
7% Jan
6
6% Jan
50 V' Jan
8^
5 Y Mar 16
Feb
51
3% May
75 %
166
17%
29% -
*•'
*18%
29%
3%
3%
95
10
181%
3%
17'A
74
*90
4,100
104
3%
••••.
'
9
36
*101
11,400
*76%
41
*71
2,300
8 Va
3%
I
24% May
5 Va May
104
3%
4,700
CLOSED
GOOD FRIDAY
25
76%
3'A
40 Va
83
36%
90%
*101
1
3%
EXCHANGE
32%
8Va
24%
10%
180%
28
preferred
100
Allis-Chalmers Mfg common__No par
3V»* cum cony preferred.
100
8»/a
25 Vi
17%
95
179%
*18%
:vA%
"
10
32%
8'/a
25 Va
104
1,400
17
44%
8%
*76
74
29%
29 Vt
'
175
No par
40%
.95
9%
5
Mills Co Inc
18%
76%
3'A
*71
32%
3,300
10,800
50
16%
*42
"•
18 Va
74
32%
Shares
5%
49%
44Va
25%
3%
*75%
41%
33
5'/a
50%
16%
16%
*42
the Week
90
8 Va
4
3'A
*90
Allied Stores Corp common___No
par
121
1 39% Jan
25
5
3%
5%
Sales for
t per share
67%
*75
25 Vt
*101
17%
*71
No par
Allied Kid Co
Y
8%
25%
104
76%
40%
1--
Dye
>'-v
3%
3
preferred-No par
ic
*101
*
17 %
100
Inc..
8'A
'25%
76%
,
1
i
8%
25%
32%
67%
90
42 %
17
44%
share
Friday
Mar. 3*0
Mar. 25
S per
67%
5Vt*
50
16%
*42
33
67%
*75
5'/a
50
17%
Thursday
Mar. 24
$ per share
90
5'A
44 Va
32 Va
104
3%
Allegheny Ludlum Steel Corp.No par
Allegheny & West Ry 6% gtd.100
2
Jan
Jan
-
100
common
Mar
■
11
Feb
preferred
-
11*
33% Feb
4%7
21% Jan 30
,
Mar 24
42%
12.50
190
May
30 Vt May
preferred A
90
8%
24'A
5%
Wednesdayt.
68
67%
*75
50 Va
16%
*42
31%
*101
5
common—..
5%%
3
29 V* May
Inc
2
30% Jan
2
Mar
Aldens
Allegheny Corp
50
17
45
31'A
68'%'
90
5%
50
16%
,
*75
5%
*42
1
41% Jan
11
xl71
Corp
90
50
1
2
8% Feb- 11
■
10.
72% Mar 11
10
•
5
No par *
20
67%
68%
*75
Co
Jan
$ per share
No par
Co
-3% Jan
t per share
67%
No par
com
Air Reduction Inc..
No par *
Alabama Ac VicksburgRy—.100
Alaska Juneau Gold Mining
,..10
24
26
Feb
27 Va
Admiral
Mar. 23
SALE PRICES
Tuesday
Mar. 22
t per share~
Addressograph-Multigraph Corp__10
21
'4% Feb
2% Mar 15
44
90%
9
75% Mar 19
i
Feb
25 Vi May
Jan
Jan
26% Jan 8
102% Feb 27
,
15
14% Feb
102% Aug
Dec
2% May
27
8% Feb
20
Mar 11
3% Jan
*.
Feb
•
36
10'
7Va Feb
101
.
46% Jan
13
22% Feb
Feb
6%
Dec
75
28% Feb
Feb
112
Nov
3%
Oct
38%
May
25 %
100
40 %
42% Mar 19
.
HIGH
Monday
Mar. 20
Adams Express
Adams-Mlllis Corp
13% May
38
30 Va May
Motors
Steel
LOW AND
■
Saturday
Abraham 8c Straus.
6
'
'
v
-
>
Par.
79% Jan
Feb
'V
"
V-'
■
1
share
80
July
'
STOCK
EXCHANGE
64% Mar 17
Jan
110
Jun
$ per
share
NEW
Highest
65
320
100
300
6,200
100
35%
36,900
36%
5,370
31'A
1,500
101
49%
49%
23%
24%
18,300
*10%
11%
700
900
15
(1372)
16
THE COMMERCIAL &, FINANCIAL CHRONICLE
.
NEW
Range for Previous
Highest
$ per
t per share
3%
$ per
share
W Products. Co
A, P
5% Mar 25
2
Inc-
39 Va
Oct
2ova
i-±
3<tVa Jan
2.
15%
Oct
11% Mar 16
14% Jan
8
Armour-<fc
Dec
130 Va
Jan
91% Feb
16
41% Feb
10
'
Apr
103
Jun
55
Jan
Dec
110
" Feb
Sep
19
Jan..
10 % May
17%
Feb
13%
20%
Feb
38%
91'%
rcu
88
.
Dec
14
Mar 12
Jan
5
11
25
Dec
Sep
26
66
May
99
Jan
84
Feb
x98
Dec
112
Feb
96
Mar
Feb
14% Feb. 11
18%
10% May
62
Apr
102
Feb
9
107 Va Jan
13
9
Jan
6
2,
9
Atlas Powder common
Feb,:
20
Feb1,11
Feb
73
July
55
121
July
105.
27%
Feb
18%
29%
27%
Jan
Feb
7%
36%
Dec
49
Dec
16
24%
ll'/a May
25'A
4
16'/«
4'/a Feb
69
Feb
Dec
55%
Jan
16%
13% Mar 22
10
8
10
15% Jan
9
10
13 Va Jan
2
5
28Va July
54 V\
Feb
11
20% Jan
10
4Vs%
2
Barnsdall
24%
Nov
19
Mar
62
Jan
31
Feb.
83'A
Dec
85
Feb
17%
Dec
96%
Dec
Jan
5% May
12
29
Dec
40
Feb
Jun
39'A Mar
2
1,3
Beatrice
90
Jan
2
Beck
33
Jan
12
Beech
37
Jan
5
5
14'/aFeb
16
16% Jan
11
16% May
24%
Jan
25%
21 Va May
28%
24'A Jan
2,
94V2 Feb
3
11
•21% Jan v-2
20
24% Jan
Dec
103%
Feb
80
Jan
24%
Dec
35%
Jan
23 % Feb
14
19%
Apr
32%
Oct
25
Feb
17
•30% Feb
27
133%
Dec
150
Jan
46 Vt May
66
Feb
13%
18V2
Jan
5
87Va Mar 10
6
26% Jan
31
9
12;
Jan
$ per share
25
9
36
23
62'A Jan
8
14% Jan
14
28 '
//' $
x20%
Feb
18% May
35%
Nov
22;% Mar 16
14
18%
Dec
15
May
28 Va May
14 Va May
Nov
59
89
Dec
116
45%
Dec
67
25
May
35%
37% May
88!/a
55
Dec
Mar 22
Jan
12
Bon
51
Jan
19
5
17
Oct
.42% Feb- 11
5414 Jan
5
88
91
Feb.
Feb
3% Mar 16
4% Jan
39%
Feb
33% Mar 18
36% Feb
13%
Feb
Dec
96
Jan
Dec
18%
Feb
7% Jan "8
;
60v.
71
10
36 Va
8,700
12%
12 Va
6,400
ljV«
20
19 'A
19'A
19%
20%
34
34
34%
35%
*86
88
11%
12%
11%
Roller
Braniff
2
35
15'A
19
May
Dec
80
Mayr:
84
Jun
12% May
35% Jan
16% Mar 16
2114 Jan
88
100
Mar
95%
79 % Feb
Jan
16%
Oct
6
May
10
Dec
72
Jun
88
Jan
11
Dec
24%
Feb
79
Dec
78-
-
.
3
Dec
13% May
94% May
19
May
24%
Apr
51%
Dec
1%
Dec
6% May
21% May
12% May
110
Dec
38
Dec
18
Dec
9% May
For
108%
Feb
Mar 20
2
15
Mar 16
86v.,Jan
30
9% Mar 16
12% Jan
5
78
V
Mar 12
Jan
104
27%
34%
,89-
2% Mar 17
16
98% Jan
Mar 17
15
Jan'
9
3% Mar 22
v
20% Jan
104
9
Feb
3
23% Feb
11
Dec
27% Mar 17
Jan
52
.28'
Jan
23%
241/4
24 Va
24%
87
24%
28%
28%
,
33%
129%
24
24
23%.
23%
1,300
29
28%
28%
28%
29
3,200
El
Sper share
Co
29%
29%
29%
29%
29%
30 Va
700
15%
15
15%
15%
15%
15 '/a
15%
6,300
26
26 %
26
26%
26 Va
26%
16%
*16
17
*16
36
*34
36
*34
,26%
5
30%
32
78%
45%
3% %
conv
-
79
79
•78
47
47%
48
47'/a
47%
23
22%
22%
23
23
3,600
29%
40%
40%
40
40'A
4,600
52
52 %
6,400
53
51 %
*88%
89%
88%
3%
3%
3%
51.%;
■
:
9%
-
*60
4%$: preferred
Butte
Copper
&
30
27 y4
27%
27%
32'%
33.
32%
96%
96%
96%
16'%
92%
*90%
92
*1.9
19%
19 Va
,18'/a
7%
—100
5
common—Nopar^
participating, preferred—_100
%
100
92%
*92%
94
*92%
94'/a
20
2Q%
20
20'/a
1,300
18%
19 1/8
20%,
18%
18%
18 Va
18-%.
123
124
123
9%
91/4
34%
*34%
*86 Va
89'A
86 V4
,17'A
17%
18%
17%
67%
66 %
67
34%
34%
34'A
34%
*86%
87%
*86%
87%
300
19%
6.400
33
2,800
32%
18%
18%
83
83 Va
'5V
*82%
87
*82%
87
83%
83%
;
*75
80
*75
80
82%
*82
88
32%,
.;
80
,
32%,
32%
13%
13
8%
13%.
13%
■y;i 8
8'%
*80
82
11%
*78
78%-
11
11%
78%
18'A
100
101%
26%--
California Packing/common—No parr
5% preferred
I
50
29%
29%.
*52%
33% Jan
2
,5
53% Feb
18
2% Jan
2
8%
Feb
6% Feb
7% Mar 23
34%
Oct
24% Feb
11
30% Jan
17%
Feb
13% Jan
16
15-
Jan
11
Feb
108% Jan
13
48%
Feb
38 % Feb
11
25%
Feb
15%
Feb
see
14% Mar 16
"10
page
26.
Mar
-
4
Feb
115% Jan
•
5
9
-2
42% Mar 20
Callahan
Zinc-Lead:
1.!
—
Calumet & Hecla Cons Copper
Campbell W & C Fdy
Dry Ginger Ale com
Can
$4.25
Canada
conv
preferred—
Southern
Ry
18 % Jan
6
Co
Canadian Breweries Ltd
12V4 Jan
2
Canadian
Pacific
Ry
5
No par:
1.66%^
8
82-
82
82
*80
11 Va
10%
11
18%
78
3%
18 %
.79
79
•'
18%
No par
100
*100
100%
101%
*100
_No par
25
26 V4
■V
26%
29%
29%
29%
29%
52%
*52%
53%
28%
28
29%.
29
13%
14 /■
13%
13%.
13%
*15%
10%.
•'
113%
210
900
114
114
44
*42%
*15 V4
16%
*15%
16%
10%
10%
10%
10%
16%
16%
10%
11
10
2%
11,300
7%
13,800
29%
2,700
13%
6,700
*113
-
114
*42
44%
H
53%
13%
13%
*42%
17
30%
*29
29%
113V4
1,300
30%
114
44.
113%,
■
*52%
53%
7%
27%
*42 Va
3,300
26%
26'A
7%
7%
•A-;.
4,100
101 Va
7%
7%
42%.
20
380
*100%
2
7 Va
28%
//-:
3%
2'/a
7%
7%
■
187/a
2
2 Va
113%
■:
4,000
"
3%
30
*52%
;
2
42%
J
11
78
18'/a
'
26
29%
26%
26%
101%
26
2'/a
*112
1,900
81
78
3%
18%
2
14 Va
20
7,500
8%
10%
79%
3%
18%
.
2Va
7%
180
200
;
,
'
3%
52%
y
54
13 %
9,800
14
*8
1%
27'/a
80
13%
13%
8
?■
3% ■'V- 3%
3%
18%
26%
Co
*75
,
!
-
10%
No pari
Jackson
300
19%
82%
*100%
18
84
84
3'A
•
17%:
32%
19
84
18
17%/
320
19
19%
84
*78
9%,
83%
32 Va
18%.
*80
10
17,100
9%
19%
31%.
18%
85
8%
5,800
*122%, 124
84
32
17%
85
82
19%.
124
67 %
18
10%
20%
9%
V
86%
17%
16%
16
9%
35"/'
34%
89%
/
*123%
68
35
*78
Zipc
1,900
*86%
preferred—100
120
16'/a
67%
8
2,300
96%
29'A
68
13Va
1,500
32%
*29
10
*75
27%
96%
29 %
15%,
16%
*33%
31%
27
32%.
96%
*95
29%
27%
32%
/.'
*29
9%
68
2,800
29%
67%
9%
9'A
67
3,800
30
20 %
20
*123
100
10%
92%
29
18%
98
16
16%
29
*90%
_15
*95
61'/a
*28%
16%
29
8
—
30 Va,
29%
6,300
9>
8%
10%:
*50
6iy8
.
600
35
34%,
10%
30
124
500
10%.
33
18-
100
3%
9%
*50
27%
*123
90%
3%
10%
29%
78
Byers; Co. (AM)
60
27 '/a
1
common
,
*88%
35%
9%
10 V4
30%
13
Bldg 7%
60
ll'/a
.80
3%
■
"35
26%
78
Bros
64
*3%
430
90%
♦88%
3%
35%
9Va
9%
.
10%
'
88%
*35
51%
51%
52
::
30 Va
13
Bush Term
35%
*35
29%
16 'A
100
3.200
79
*28
,
FRIDAY
46%
30
*94 Va
-
12C
79
GOOD
78%
i—100
Butler
33%
26%
No par
1
pfd__100
J
33 Va
30
—5
—;
33%
47
'
Terminal
32%
28,700
CLOSED
78%
10%
29 Va
common—1
3%%, preferred
28%
78
61 Va
5
preferred
27%
*46
9%
9%
^*___100
2nd
28%
33 Va
*32%
27%
34-
Burroughs Adding Machine—No par
Bush
•
28%
28
33
.
34%
10%
100
200
EXCHANGE
36
45%
*48
•
2,900
17
;
78%
34
15
Inc
Shares
thare*
29
29 Va
No par
Corp
S per
15
2.50
15
3.60%
$ per share
the Week
Mar. 26
Mar. 25
for
Sales
Friday
Thursday
$ per share
29
*16
_No par
i.
1,300
14 7/a
5
Co—i
Corp
800
12%
PRICES
Mar. 24
.
60%
28%
1
common*—No par
Co
'
800*
131
12%
12*4
69,100
34%
33 Va
*60
14 "a
X28%
i
■
87
131
Wednesday
$ per share
29'A
common
SALE
HIGH
Mar. £3
28%
Co
,
Watch
34%
*12%
Tuesday
Mar. 22
16 %
common
Co
Forge
Niag
33%
34'A
129
Monday
>
200
24%
33%
34%
129%
34%
129
1,000
87
28%
24%
28%
3,800
*85
24'/4
87
24
*85
34.900
87'%
*85
87
Bynm
1% Mar 12
footnotes
24%
2
Feb
132
24%
i
"
Oct
3%
X55
24%
95%
28%
(assented )_100
Inc
Bulova
10 % Jan
Oct
>'24%
No par
preferred
Bullard
6
Jan
18%
24%
.
*33%
America
Burlington Mills
4%, preferred
14% Jan
79
$5
9
88
18%
34%
Inc-,
of
5
13
7% Mar 16
Jan
6
22%
26
18%
16%
Brass—
RR
6
Jan
88 y4 Jan
2
12% Feb. 13
;
(The)
Buffalo
83.
Mar
Budd
Buff
29'/4 Feb-14
32
18%
27
A
Co
preferred
7 ftf,-.
4
Feb
31%
18%
5.4
&
Bucyrus-Erie
2
Feb
31%
18%
16 Va
No par
Fob
Feb
*93%
30%
19%
t per share
.
No par
36% Jan
38 %
95%
31'A
18%
*93 %
i
23%
No par
preferred
14
104%
*93 Va
30%
18%
*85
-
Jan
22%
,
95'/a
31 Va
§5%
31%
*93'/2
31%
26%
;.
3
8
1,000
34%
Brunswick-Balke-Collender
88,
%
17
21 % Jan
1914 Mar 22
20
34'A
16
6
19%
34'A
17 % Feb
x32% Feb. 13
19%
25%
Feb
;
*19%
95%
*24
2.50
27%
Apr
19%
18%
Par
No par
No par
Dec
Feb
*19 '/a/
LOW AND
20%
Nov
20
Mar. 20
Feb
23%
3,200
19%
-
Saturday
94
102 %
:
.
13
5
200
19%
12%
90% Feb
10% Jan
14%
19 Va
12%.
Apr
74
14%
19V4
12%
106%
20
15
19 V4
12%
Dec
65% Mar 17
*14%
12%
95
5
14%
19%
12%
Brown
Mar
19
14%
19%
60
Co
2,100
15'A
19%
130
.
4,900
35%
36
30%
1
Shoe- Co
*33
*93%
Bristol-Myers
19% Jan
35%
60
Jan
124
35%
130
18% Jan
6
35 «/4
35%
11%
11%
19Va
28%
32
11
*33%
36
36
17
90
35
*32%
88
16%
*87
11%
60
"
35%
11%
11%
130
Bridgeport Brass Co
$3.60
♦86%
16%
90
59%.
Bearing
Corp
88
16%
*87
60
Airways
Brewing
*86
17
1,100
z
191/a
*34
*14%
<■'
19 Va
18%
19%
35%
90
ll'A
37
26
Jan
16%
•67
11%
*14%
19'/a
*34
88
♦86
17
90
3%
Bower
10
17
90
19 Va
35 '/a
89
*86
*87
16%
16%
*37
36%
(The)
Co
6
Feb
■
38 V2
36%.
Feb
May
360
37
15% Mar 16
14
900
12%
27'
26
21 Ve
37
Feb
80
20%
36Va
Jan
% Mar
600
21
21
5,300
A.
r
12'/a
39
No par
5
11% Feb
5
Jnn
44%
37
28%
15
44 Va
35%
36%
83
45 V\
*44.
12%
Jun
37%
68
36
Dec
\/
17%/ 20%
66 Va
39
15%
Dec
y 12,300
17%
66
12%
25%
80
18%
17%
21
3%
96 % Jan
25% May
17%
64
,
45 ya
21
89%
93% Feb
,14% May
63 %
52%
Apr
Feb
18%
17%
.
63
51
Dec
8'
•
*88%
90
Feb
19
18
15.%
63.:
''■■*.44%
16
*15%
900
35%
Manufacturing
—No par
<fc Stratton—
;_N6 par
Co common,
2.50
3%%' preferred --4.J
100
Brooklyn, Union Gas
—No par
86%
18
18%
17%
18%
59 *'2
-
& Maine
Briggs
Dec
27,800
*37 Va
Briggs
May
4 15,800
11%
Corp common
5
3%/&> cum preferred
___—100
37
69
14%
11%
57 3A
Mfg Co
Boston
29V4 Jan
,:
14%
11%
14;
13
Borg-Waxner.
3314 Jan
122% Jan
14%
11;
29%
28% Mar 10
A 16% Feb..
14%
ll'A
J
40/
25 Va Mar 16
Feb
14%
11.
14-
.
23
*27% Mar 17
Dec
14
14%
11%
39
Jan
14%
14 v>
15 Va
22 Va
Feb
20% Nov
600
14'/a
22%
Feb
125
31,000
14
39
63
.
5%
40%
5%
*40;
14%;
21%
31%
Jan
,14>'
100
' ;v ;
11 Va:
38%
40%
9
14
14
11%
1
Nov
13% May
5%
40%
■
V
14%
14'A
15
May
120
5%
*39V4
5%
22
23 % May
j
*13 Viz
39
57
B
Borden
9% Mar 22
Mar.,23
9% Mar 16
i
5%
39
39
33
class
Co
Ami
30%
109 7/a
39
*32%
Bond Stores Inc
2
2
6%
Dec
5%
5%
5%
129
Do
Aluminum
Class
2614 Jan
7
30
;
41% Jan
81
1,200
100
Boeing Airplane
4
May
2;600
17
36'A
&
96
Jan
15 Va
16%
No par
No par
Laughlin Inc
Bloo*ningdale: Brothers
.29 V4 Mar 20
2
Feb
14%
17%
34%
W)1 Co
(E
Bliss
24
32
9 Va
Bliss
Jan
Sep
r
102
3Va May
29% Jan
37
10
20 % Mar
14%
17%
39
—1
,
Bohn
38
14%
17%
14.
36
1
,
Black <fe Decker
77% Mar 16
Jan
1431
17 Va
35V4
:
B law,-Knox
34
Feb
49%
14*
14%,
17%
(Del)' com_No par
Steel
share
Jan
41% Mar
Jan
13 Va \
15%
38 'A
EXCHANGE
27% Mar.19
.Jan
13%
17%
12 Va
NEW YORK, STOCK
•17% Jan
11
21% Feb
Feb
38% May
Feb
13%
14%
18
*32%
1
Bigelow-Sanford Carpet
Birmingham Electric Co
15% Jan,
11
32% Mar 15
41% July
24'/a Oct
29'/2
Feb
per
31
Feb J11
12% May
xl3
13%
—10
:
preferred
>
$,per share
Jan
V
1,800
.14%
•
1
Corp
Foods
7%
Range since Jan. 1
Highest-'
$ per share
May
10
6%
35 Va
Co common
__10
preferred
100
Aviation
*
5
Bendix Home Appliances
33'Ac
Beneficial Indus Loan com"—No par
Cum pfd $3.25 ser of 1946_No par
Best & Co_
1
Eethlehem
30
Lowest
Highest
*6'/a
*37%
100
STOCKS
Year 1947
*
6%
12%
Bell & Howell
Best
9
Jan
35"
Aircraft
Range for Previous
Lowest
22
35%
——
137% Jan
Mar 16
53% Jan
•
i
Feb 28
125
105
*20
6%
6%
60%
105
24
12
Bendix
23 '/a Jan
•
*13%
61V2
107
*20
s
510
35'A
4'A%
Mar 25
32
16% Feo T1
77%
Dec
Bell
18'A Mar 16
Jan
24
.
6 V2
1
Co
Belding-Heminway
93% Mar 16
Nov
6 %
50
Packing
Beech-Nut
19% Mar 22
Sep
60 Va
105.
107
6%
6%
*37
2.50
pfd
Creek .RR
5
15% Feb
17%
1,220
104
*20%
23
100
pfd
4%>
Corp_—
Aircraft
11
Feb
30
60'/a
107
♦19%
61 %
61%
63 Va
61%
*104
25
common
Inc
S)
(A
Beech
dct
26
Shoe
12'/aMar20
2
Jan
-'
Mills,
Beaunit
18%
106% Aug
39% Feb
100
106
4,200
*203A
No par
-
Co
conv
cum
9
Jan
Foods
3%%
8
9
18 Va Feb
100
18'A
Dec
105
1
Bayuk Cigars Inc—
12% May
May
105 Va
5
Corp
7
Feb
105%
106%
2,000
17,'J 00
11
50
.
Co
Works
Jan
10% May
28
Oil
23 Va Jan
32 Va Feb
34%
13%:
10
preferred
Iron
38
8 % Jan
30
Bath
Mar 22
1,5
Mar 18
90
Jan
30%
13
>. 16% Mar 1Q
Feb
33 %
'
9% Feb 24
Dec
33%
22 ;:•?
21%
5
33'A
34
95%
21
37% Jan
73
21%
21%
44V'2 Jan
3,100
36
73
95
45 Va
Feb 11
49%
35 Va
76
21%
45%
Mar 24
49
38
95
45
31
49%
38
76
21%
45
37
:
49
*74
49
37 Va
95
63
common^
3,900
22'A
16
Barker Brothers
1,200
15%
95
62
9
98 %
15%
20,000
21%
15%
24'A Jan
98
15%
35%
18'
20% Mar 16
98 V*
15'/a
48%
62
•'
98 Va
15%
2
*74
100
10
97'%
15 J,
V
94V2
22
*14'/a
13
preferred
100%
22%
5'A.
&
51'A Jan
Jun
108'A
Mar 25
97%
95V4
6%
14%
Ohio, common—100
&
non-cum
98 Va
22
62 Va
*13
1
J,
Inc
150
96%
97%
76
Aroostouk, common—_50
Conv.
5%, preferred
100
Barber Asphalt Corp (Delaware)_10
4%
Bangor
x42% Mar 15
18
20% Aug
68
Feb.11
35%
110%
Baltimore
20'A Mar 25
60
Dec
19%
Mar 16
15% Feb
Jan
39%
95
Locomotive? Works
290
97%
■
95
107
'38
(B1; T)
>3,700
95%
62
(The) , common—_3
preferred
No par
Babbitt
14% Jan
i.lOO
14'/a
106
22
*19%
Corp
Baldwin
11
13%
13%
106
"> 600
106
Avco
cony,
400
27%
106%
*17
Mfg
'
96%
106%
Canteen Co. of Amer—5
$2.25
250
y
27%
107
21'A
5c
*13%
14'/a
103-
FRIDA Y
14%
96
27%
33
*951/4
No par
14'/a
*14
13%
13'%
106
GOOD
109%
14%
/
27%
34'A
*104
Co
109%
500
2.000
>
.,
96
*106
No par
CLOSED
*94
1,000
11,200
27%
33%
:■•
EXCHANGE
94%
30
96
34
100
common
*74
78%
49%
109%
97%
*27
33
Automatic
Mar 22
13 % Feb
-
36 Va
*74
No par
prior pfd ($1.20)_
Autocar
5% Mar 22
26
1
No par
C.orp
Nichols
Conv
Jan
19'A Jan
19
1
RR
Lines common
preferred.*,
conv
Tack
Austin
29
121/4 Feb; 27
Feb
Dec
87/a
4%Atlas
1
Dec
45%
.
7% Jan
13% Feb
Feb
2()% Apr
■
v
9
20
39
Feb
Jan
Jan
35% Jan 22
Feb
9% May
Jan
24V2 Jan
26
13% Mar
May
13% Dec
V7% May
64
114 /
13
25
.16% Mar 15.
Feb
13
Jan
'13.
Jan
Dec
22% Jan
5% Mar 12
Feb
Dec
97
Mar 25
20% Feb
Jan
12%
May
36
2
Coast
non-cum
.
48 %
35'%
38'/2 Jan
Dec
18
49
35 Va
47
21
151/4
421/2
48%
Line
No par
Feb
17%
:
16 %
30
Apr
60
15%
preferred
100
Atlantic Refining common^
25
4 Vo
conv preferred series A__100
Preferred $3.75 series B
100
Atlas Corp
—5
13
; /
16%
Atl G & W I SS
91
(
15%
Atlantic
Aug
4% May
10
preferred
Inc
5
26% July
5% May
98%
97%..
1
105
22 y4 Mar
96%
96V2
2
Dec
57
111%
98%
97
96%
100
96%
*96 V2
49%
49%
14 Vb
96 %
98
»
94%
13%-
14%
Santa Fe com—100
78'AMar
•
91
13%
28
47% Mar
Sep
103%. 104%
28
98
99
*14.
14%.
27%
50% Jan
113%
103%
97%
lOlVa
•> *96
12%
109%
109%
27%
non-cum
5%
109 %
10
Co
Dec
40
21% May
ATP
13%
103
97
>1,600
>:
12%
49 y4
.-.
Shares
5'/a
*29%
*93%
49%;
109. s 14%,
13'%
14%
13%
6
Nov
-
2
13% '
*12%
5
29%
„12'/a
*97
93%
*14
4%
for
the Week
)
tper share
12%
•93%
*101 Va
*95
22
24
Feb
Dec
105
5%
12
«.
49%,-
50%
4%
•
Mar. 26
$ ner share
29%
-
99
100
100
Investment
Topeka &
Jan
17
-
99- :
common—1
Jan
Mar
77
Jan
31 Va
2d
14%
-.
108 Va
*14I/a
13
14%
108 %.
*14y«,.
No par
Goods
Dry
preferred
preferred
Associates
101 Va Jan
3
5
Corp.
1st
Atch
conv
Corp
68
34%. Feb
Jun
108 Va
preferred
constable-
25% Jan
J45
Feb
59
40% May
No par
*.98
93 Va -' 931/3
6%
100% Mar 25
134
49%
93 Vs
Associated
28% Jan-12
Dec
50
93'%
50 Va
No par
12
94
34
132%
99
*
102Va Jan
Feb
Feb
Dec
23%
17
98.
No par
cum
■'
13
Sales
Friday
Mar. 25
$ per share
30
12%';
5
Armstrong; Cork. Co, com
$3.75
preferred
Artloom
5
29
Jan
30 i
12%
99
$4
15% Jan
108
16
30
12%
*4%
99
Arnoid.
15 % Jan
12 Va Mar 12
12% Mar 16
30
12%
Thursday
Mar. 24
)A 4%'
4%
4%
29%
12%
Nopal'
14% Feb,, 9,,
100
99
-
109% Mar 23
o,
Feb
i<
":i:
4%
29%
5
com
prior preferred
$6 conv
50% Mar 22
2
reu.
9
J«n
•■4W ,i» n
I
*
104% Mar
14
106.
S per share
5
of Illinois
Co
PRICES
Wednesday
$ per share
,>
t per share
SALE
HIGH
Mar. 28
No par
Archer-Daniels-Midland
9% May
30
AND
Tuesday
Mar. 22
Mar. SO
Par
LOW
'
Monday.
Saturday
I
$ per share
share
4Va Mar
Feb
6%
Jun
;
EXCHANGE
Lowest,
Monday, .March 29,. 1948
.
,
RECORD
STOCK
NEW-YORK STOCK
Range since Jan. 1
Highest
Year 1947
Lowest
YORK
STOCKS
.
44
*15%
16%
10 Va
10%
250
10
200
43,500
■
Volume- 167
THE COMMERCIAL
Number 4685
YORK
NEW
Range for Previous
Range since Jan. 1
Highest
Highest,
$ per share
$ per share
Mar
47 %
Dec
11
Apr
14%
Feb
11 1
Feb
.May
57%
Feb
50
Feb
25
102
Nov
,
Oct
14
:
Oct
36
Feb
6
Dec
47
29%.May
6;
Ohio
Light
8
2
Carriers
46% Jan
9
Case
138% Jan
19
Carrier
130 '
Feb
5
53
Feb
26
61
Jan
12
22
Feb
13
28'A Jan
2
10
102
Jan
21
137
108Va
Jan
97
Apr
123
'
Feb
11
Jan
Feb
22% Feb
28
27'A Jan
19%
Dec
21%
Feb
18% Mar-13
20 Va Jan
22'/a
Feb
17% Feb
22
18% Feb
14 >/a
Jan
6% Feb
28
8% Jan
3
10%
Jan
77/a Jan
27
8% Mar
3
Jan
2
Feb
4"'
80
6,.
11
7%. May
.
7%
Dec
100%
Dec
Feb
102
77%
Dec
96%
Apr
79
,4% May
12%
Jan
116
16%
9%
Dec
11
Oct
14%
11"%. Dec
•
7% Jan
Feb
Mar 11
Jan
>
10%
19
11% May
21%
13% Feb
10
17'A Jan
30
20% May
Jan
Oct
Jan
5
6
16
.10ya May
20%
Feb
9% Mar 16
14% Jan
25'A Mar 16!
28% Jan
23-
30%
Dec
Dec
Oct
54%
,Jan
40%
81%
Jan
Feb
;
39% Mar 18:'
90
2
Jan
9;;
4
;■ 5% May
12%
Jan
7% Feb
11
12%
Dec
9% Feb
11
4 %
11'
1.4-
May
8%
Feb
6
Jan
24
8% May
4% May
15%
Feb
12
Jan
2
16
7% Jan
2
r 2%
'
Dec
6%
Feb
4 % Mar 16
6% May
14%
Feb
23% May
38%
Feb
31% Feb
13 %
27%
Feb
14% Mar.
-
Nov
Jan
9
19% Jan
Feb
35
Feb
11
40
Dec
28 % Feb
11
33 % Jan
51% May
56
17%.
7%
7%
7%
7%
8
8 'A
9,700
8%
8%
8%
8
8'/a
800
Pr
3.40%
de
Ind
Jan
5
12% Jan
17% Jan
4% Jan
Conv
12
10
convertible
6
Is
preferred
Chicago
Cotton
42% Mar
31
Feb
18
35
Jan
21
52% Feb
11
63% Jan
2
Chrysler Corp
23 % Feb
4
x94% Mar 11
25% Jan
2
Cincinnati
56'/a
Sep
66%
Oct
23
Nov
29%
Jan
96
Dec
111
Feb
21 Va May
28
Feb
2*9%
96
37% May
48 y2
Jan
36% Jan
27% May
34%
Nov
28% Mar
9
7% Mar
9
6
8
May
78
Dec
11%
94
Feb
Mar
78
26
Jan
Jan
25
Mar 13
20
4%
C
7
10
Jan
>2
80
Jan
9
City
Feb
15'/a Jan
6
19'A Jan
31
33'A Jan
10
Clark
Equipment
C C
&
85
Jun
95
Jan
Jan
29
34 %
Nov
43%
Jun
34% Feb
10
Dec
115%
Feb
105% Jan
6
107
27%
Jun
80
85
Jan
24
C
5%
35% July
26% Mar 16
31
i
Jan
14
Clev
106
Nov
109
Mar
107'
Jan
5
108% Feb
9
5%
71
Dec
101
Jan
72
Jan
2
74 f. Feb
10
Cleve
Dec
57
Feb
42% Jan
14
Dec
24%
Feb
42 %
14%
!
t
32
May
39% Mar
Dec
Dec
89
48% Mar
154
Dec
Feb
91%
-
Mar 22
9
91% Jan
9
4
%
141
191%
Highest
$ per share
Nov
65%
Jan
Jun
Range since Jan. 1
:
Lowest
$ per share
May
x61%
.
Highest
1*3
F«b
11
189
'
Jan
2
63% Feb
2
453/4 Jan
61% Mar 25
2
Class
May
May
5G
Jan
37% Feb
11
105% July
88 Vb Feb
9
94
Jan
7
$3.50
19% Mar 17
25
Jan
2.
Collins &
16
19% Jan
10
87
Dec
23%
r
18
Dec
46
Feb
22%. Oct
Aug
12
Feb
11
18
Oct
12% Feb
11
15 3A Jan
20%
Feb
16
Feb
11
18
Jan
7
May
17%
Feb
11
Feb
11
153A Jan
9
9% May
17'A
Feb
12% Feb
13
17% Jan
9
4%
8
lGVa
Feb
12i
11
16% Jan
9
4%
May
16'/a May
8
f
May
Feb
2
Colo
cum
Jan
22% Feb
20
25% Mar 20
32%
Jan
22% Feb
11
25% Mar 22
Apr
12%
Oct
10% Feb
13
11%
Jan
2
Columbia Gas
'Dec
22%
Feb
10
Fen
11
12 3/4 Jan
8
Columbia
86
Mar
64
Feb
19
66% Jan
6
$4.25
303/a May
39%
Aug
28% Feb
27
35% Jan
7
36
50
Feb
35% Feb
5
23
Dec
-
-
36
•
May
48%
Oct
36% Jan
87
Dec
115%
Feb
90
Jan
20
Feb
94
!
•
Dec
25 % Nov
26% July
■Y
4
Jan
2% Feb
10
123%
Jan
96%
Jan
24'A Jan
2
33%
Jan
25% Feb
14
,8% May
14%
Jan
8% Feb
11
23%-May
33%
Nov
28% Feb
30
35%
Feb
29
2 3A Jan
103
Apr
4% May
21
Nov
104%- Nov
7
Feb
29%
21
x28% Jan
11
•
Mar
103% Feb
20%
Feb
Dec
15%
Feb
40 % May
54%
Jan
17
30
Jan
12 Va May
19%
Feb
11
Feb
10 % July
17% Mar
12
Feb
99%
Deer
32% May
94 %• Dec
9% Mar.
Jan
5
:" 73
75
50
"45
47
17%
29%
i
/
.
'
No par
■
7%
32
1138%
"83
100
"82
•
7
"45
18%
17%
18%.
30%
30%
30
30%
7%
%
32%
321%
138V2
75
46
"138
83 Va
84
8%
83%
17
14
93
Mar
Feb
3
Jan
14
98
Jan
7
10
11%
Jan
10
17
55
(f
90
213/4
21%
183/4
19
"891/2
90
22 3/a
21%.
21%
"21%
22-
18%
19
18%
18%
18 3/a r 18%
15%
•14%
141/2
14%
14%
14%.
141/4,
143A
17%
17%
17%
17%
17
123/4
12%
13%
13
171/2
131/4
Yy
14
14"/2
14%.,
14%
1434
V.
280
13%
13%
14
13%
Y
250
25
251/a
25'/a
14%
"17%
12
13%
13
•' 25 %
;
"89%
90%
1734
90 3/2
15%
17%
13
12%
13%
13%
17%
12%
12%
14
"12%
25%
25%
13»/2,;
,
1
"12
-■14
:■
'
EXCHANGE
50
CLOSED
GOOD
2,900
FRIDAY
4,400
6,300
1,400
'
"12'/2
25
253/2
"13
253/a
251/a
750
1,200
:
25
11%
11%
32,500
11%
11%
11%
12
11%
12
11%
11%
"11%
11%
3,400
"62
67
"62
671/4
33
33
38%
39
391/4
39 3/4
411/4
41%
41%
413A
95
95
95
w
w—No par
"63
com—No par
series
No par
Edison
Co
25
No par
—No par
.No par
N
Y
39V2
39'
41%
42
23%
67
32%
33%
413/a
41%
96
94
96'A
24
23%
24'/a
231/2
233/4
23%
23%
23'/2
23%
5,400
2%
2%
2%
2%
2%
23/2
2%,
"J 74,500
"94
99%
993/2
991/2
99
99%
99%
27%
>27%
27%
273/a
273/2
271/4
27%
273/a
273/2
9'%
9'A
9%
9%
9%
9%
9%
9%
93/a
3/2
321/a
"29%
30%
"29%
30%
100
5%
5%
5%
5%
11,500
21%
22%
22V4
/Y 13,600
1,500
2'A.,
99%
100
100%
32 "
"29
32
32
•
30
"30'A
6
5%
32
31%
32
30%
301/4
301/4
32
•JO-
104%
104%
104 3/8
104'/a
1043/8
104 i/a
104 »/a
104%
104%
."13%
13%
131/2
13%
133/4
13%
13%
13%
13%
13%
Continental
Oil
Continental
Steel
'21%'
2?
'
22
1,200
pfd
9%
9%
91/2
94/2
9%
9%
9%
9%
9%
1,000
45%
45%
46%
4534
4 6 3/4
453A
46V4
46%
47%
4,400
20%
20%
21 Va¬
20 3/4
21%
213/4
22 3A
22%
22%
12
11'/2
il %
11%
11%
11%
1134
11%
11%
15%
16%
15-%
16%
15%
16%
15%
16 1/8
20%
IS
No par
com
"33%
101%
preferred
common
100
par
No. par
_20
No par
Fibre
371
"93'A
ii:%
"80
1
163a
35"
34
101%
38
101%
38%
-
36%
11%
86
34%
35'
94%
94%
"93%
'
.
:
"9%-
34
101%
34.'
101%
39
963/4
38
"93%
com—No par
22%
23
No par
493/4
49%
"93V4
96'A
12
11%
121
12
"81 Va
85%
"83'
85
35%
343/4
35 Va
35
351/8
"94%
95%
"94%
95
95%
951/4
300
"943/2.
951/4
10%
7%
96%
85
51
15%
"93 'A
800
343/4
10%
53
2,800
11%
49%
7%
330
39'/2
84%
10*%
52'A
33%
102%
39%
11%
49%
:15
•
85
10%
1
33%
102%
3934
102
39%
96V4
3334
102%
38%
101%
35
11%
49%
5
33%
1,400
33,500
343A,
5
14
34
2,800
«
"80 Y
10
Delaware
$3 prior preferred.—
21 3/4
'
21%
45%
"11%
Corp
6
15
1
Corp
5%
__5
No par
of
6
2.100
1,400
104V4
1.33%
preferred
2
9,100
Y,
323/4
21%
Baking Co com__No
10
3,000
"
9'A
1
54% Jan
570
27
100
11
4,700
.
2%
21%
Corp
14''
1,300
42
96
-
2%
Inc
Inc
2,600
41.'/8
96
com__No par
$5.50. preferred
Can
Y' 1,600
.
98%
,
Aircraft—
Power Co
Cooper-Bessemer
32%
39
"64
5%
Corp of America com-_20
Continental
32
68 3/2
5
preferred
Continental
32
39 3/a
"62
No par
of
Corp-
31%..
39%
"95
No par
South
66
31%
39%
100
:
"24J/2
.'31%
10
common;
46% Feb
26.
90
901/2
22
18%
24%
Feb
6
3,500
11%
Dec
Jan
431/4
25
Insurance
53
510
43
43%
11%
Diamond
x49% Mar 17
"893/2
1,100
61%
"1200
42%
44
share
163%
613/2
"1.200
43
Shares
25
Continental
5
62
for'
the Week
11%
Continental Motors.
24% Jan
"1,200
"160
I621/2
-
$ per
25
Continental
9
t 62
Mar. 26
share
11%
5
19% Mar
160
62
Sales
Friday
Mar. 25
11%
2
Jan
Thursday
$ per
25 Vat
Jan
17
PRICES
113A
8% Jan
Mar 16
500
83%
25
27
6
20
83%
833A i.
11%
Feb
48% Mar
2.G00
common__No par
cumulative
$3.75
162
62
4344
1,100
32 Va
1391%
25
of Cuba 6%.
Consumers
4%
43
8'A
32
"139
ll3/8
Vultee
Jan
"160
900
32%
$ per share
62%
"8
23,100
Y
139'/2
Mar. '•%'
162%
"1,200
43
8%*
10
171/2
293%
24%
Retail Stores
98
62
293/2
No par
Electric
preferred
$4.50
$ per share
162%
62%
47
17
21%
20
Publishing Inc;
Edison
Container
Mar. £3
$ per share
160
75
"45
Wednesday
Mar. 23
share
SALE
"73
30
30
"83%
HIGH
108 3/4
3,400
18%
cl A—2.50
Consolidated
-
AND
2.60J
"1061/2
173A
32.
Tuesday
29%
47
•
"138
84
130
29%
"89%
• 20%
Corp com—No par
Consolidated
5
83%
38 VB
108 '/a
108 'A
8 3/a
323%
139%
Monday
"1.150
42
8 3/a,
32
"138
85
373-i
1081/2
75
17
1.200
5
Consol RR
16
,3%
32%
"82
GOO
30%
190 ":
29%
"45
139%
*
38%
"73
'/
30%
No par
19
10
>' $ per
75
47
17
"169
109
108%
"73
Mar. SO
No par
15
12
85
37%
'
813/2
17
30%
'
"82
38
109
■>:
"76
190
"169
85
37%
17%
Saturday
No par
16% Mar 20
Jan
"f
46
29%
*
•.
com__No par
14
42% Jan
17
"29%
190
109
LOW
25% Jan
35% Jan
500
•16%
"73
V
183'a
Y/'Y
11
13% Jan
;
,
50
gtd
24
105
83A
"106%
19'/a Feb
27
1,900
"8'/a
9
813/2
.
108%
1
Laundries Corp
Jan
7,000
%93A
"106%
Grocers
$5
,38%
29%
30% J
"169
85
38i/a
17% >■-
29%
•190
3,61*0
38%
29%
"75%
81%
"17
"
2,100
25
24
108%
Consolidated
35% Mar 23
page
"82
17
30 V
25'/4
99'/a
"95
23%
"8 Va
8%
753/a
25,3/8
9 9 »/8
"1061/2
6
90
see
"169
85
/
30
8%#
-
25.1/4
23-'
,
108'A
18
10% Mar 17
footnotes
17
190
"82
Ry com
100
1st preferred
100
2nd preferred—100
«&:
preferred
Consol
'5
84 % Mar 23.
For
'•
30
"169
100
31
"
25%.
70
38%
39%
30
i
30,400
"106%
Feb
30% Feb * 5
Dec
16%
29%
•>:
38 3A
303A
8%
593%
29 3A
Coppermines
Feb
55
.■416%
.
40%
81%
34
58%
29%
23 %
"75%
1,100
33%
"95
22%
8
81 Va
-
98'
22%
29%
8
"75%
100
GOO
4'/a
59
29%
Consolidated
Apr
May
25%
"95
17
"4
34
29%
Mar 20
44%
43^
25%.
99%
11%
"LG%
4'A
58%
■
29%
Cigar
106%
Oct
»
—.100
Solvents
Commonwealth
Dec
19
25%
•
"11
9,500
"32 %
40
29%
8Y
*
100
Corp
Credit
Conde Nast
Dec
27%
253/a
"95
40
;
preferred
2
30 y8
55%
59%
29%
preferred
&
8<
94
Apr
14% May
12% Apr
583A
4%
28%
7%
preferred
Commonw'th
11%- Dec
35
59%
V>
17%
17
33
59Va
25
33
.39%
:
"11
32
22%
Consolidated Natural Gas
10
Feb
4'A
27%
Consolidated
94% Feb
Dec
17%
99%
Inc
Pictures
cum
Commercial
$6
3,700
2.50
5
104% July
20% Feb
12%
12
4%
21 Va
com_
2
2
55%
"11
"15%
4'/a
31%
59%
25
11%
17'A
4Va
"94%
17% Jan
11
May
11%
17
r
4
34
'
"51
27'%
Co
2
35% Feb
6% May
:
:/
38 %
Jan
32% Feb
44
31%
108%
Jan
100% Jan
110% July
13% Feb
-
38%
11
Feb
Dec
32
108%
51
Feb
May
5,200
31%
37%
321/4
381/4
3
Feb
9
37
109%
43% Mar 18
.
38%
95,
7,300
37V4
No par
Congoleum-Nairn Inc
Feb
23% Jan
ll7/s Mar 16
114%
48
17
36%
313A
38'A
Consolidated
105
20
Dec
16%
36%
31%
"IG8V2
3
6
5
10
10 3/4
30
17
36%
313/4
No par
31
11
11%'May
May
16'A
37%
•
'.21;//
B
9
8
19,100
16%
37
8.50
com
323A Mar 25,
Mar 17.
4% Feb
Feb
108 % Mar
10
Mar
$3.60
21,400
31%
•/ 59
Commercial
Mar 20
10,400
8%
36 Va
,
31
3%j ;
Columbian Carbon Co
No par
Columbus & Southern Ohio Elec__10
96% Mar 23r
5%
8 Va
163a
"31
42
2>
5%
351/4
3738
comr_No par
Columbia. Broad Sys Inc
Class
/
16%
39% Mar 22
13
20Va May
r-2% May
16
"111
Inc
non-rura
32%
'
16%
159
non-cum
Dec
Dec
16%
8%
36
49%
Southern
Nov
63
353/2
"62
conv
&
213/4
10
36%
5%
8%
35%
"15%
Aikman
21%
11%
8%
36%-
30%
—100
Fuel & Iron
5%
5%
8%
36
2,200
500
preferred
Colorado
5%
•
8 Va
(The) common.No par
Mills
15,500
9%
15%
20
Colgate-Palmolive-Peet
Colonial
10%
9%
56
stock
Internat
10,000
9,%
9%
36%
No par
Coca-Cola
7%
16
53%
A
33
68.400
15%
53%
•.
Coca-Cola Co
I21/4
"7
35:
.
Par
1155
11%
7
16
52 3A
$ per share
May
11%
7
15%
53
EXCHANGE
1140
11%
52%
i NEW YORK STOCK
s
5
8%
7,100
1534
8%
5
8%
9%
8%
STOCKS
Year 1947
$ per share
4%
4%
5
9%
52%
com
2nd pfd
cum
/ 9%
43A
9%
52
1
Range for Previous
Lowest
4%
9
500
'.4,200
14,100
5
6%
Y-6%
89
9%
9%
12
>.,15
42%
88%
52
1134
L
81% Mar 18
Dec
9
7
15%
•
400
42%
.51%
preferred
•
15%
5%
'
9%
11%
353A
v
100
Cluett Peabod.v & Co com
7 %
"27: 273/a
42%
89
A-
Corp
8
"6%
41.3/4
"87"
22,200
Clopay
7
5
7 Va
15>/2
8%
4%
9%
11%
9%
11
7
1
16
5%
5%
93a
11%
—No par
Co
?
27
;'•/ 27
30'/a
'
36% Jan
87
274
30 Va
Industries
10% Jan
42
87
120
1.500.
51%
Clinton
142% Jan
v-.
5
9Va J
No par
5
41%
87
12%
"50%
Climax Molybdenum
10
Feb
4%
"26%,
42%
12. '.
2,500
30%
35 y4 Jan
30% Mar 16
137
gtd
Special
26%
41%
87
12
11%
400
19
93
51'A
18% Mar 22
Mar 12
7 Va Mar
34
140!
46
141/2 Mar 15
X29-
RR
26%
'
•,
15
100
Pitts
11%
18%
93
29%
preferred&
11%
'
11%
"93.
30%
preferred
Bronze
11%
19'A
94
19 Va
i
51
St Louis Ry Co
Graph
27%
•26%
ly */2
94'-
29%
5
non-cum
•
271/2
4%
10
Cleve Elec Illuminating
$4.50 preferred
2
27'%
27%
IvL
94
50%
Co
'
38% Mar 19
109% Feb
"26%
20%
96
30%
City Stores
27% Mar 18
27%
400
50
Investing Co commdn.
prefened
Y
Nov
27
9,200
29%
5 % 7o
20%
15%
50
—*
34 y2
May
15'A
/
30 VB
Corp
23
153'a
41%
25
12% May
5,900
15 '/a,
26
2.50
I T Financial
153/a
27%
-
10%
No par
City Ice & Fuel
Jan
15%
"
preferred
100
Milling Machine Co—-10
40% Mar 12
15%
41
Cincinnati
32
15Va
26
.No par
Elec
26 3/2
493/4
Oil
&
26
V:
8%
e,
29 Va
_
Gas
8%
26>/2
>"84% '- 87*
100
Chile Copper Co_
Mar 25
"8
26
t
i
Dec
"8
11 Va
;;
1,200
8%
26%
20
No par
Yellow Cab
Chickasha
123%
12%
4.700
Co__No par
series
tChilds Co__
12%
10%
8%
"93
preference—No par
Pac RR
&
12%
30
80
9%
25%
10%
preferred
100
Chicago Pneumat Tool.corn—No par
Rock
v
105%
"78'
10'A
8 %
96
No par
com
11%
105%
80
9-
25%
20
-
P vtc__No par
u
11%
12'A
784
8%
20
5%
12
11
3% Feb
Paul &
'
"26
25
=
St
Chicago & Northwest
Mar 25
14% Feb
B
Milw
"
25V2
"34
50
Co cl A
12%
105
105s
10/
900
8
153a
14%
•
_40
& Louis Ry
80
"9%
9
'
•
com—No par
preferred
106
"78
79%
,8%
8Va
25%
•
,
25%
—-1.2&
:
8s
"105
106
"78
„
12
*8
No ppr
Series A preferred vtc
56
11
Co
8%
12.
;
-1
& East 111 RR Co
Class
22
Feb
/
9.50
—No par
/
80
8%
No par
Pasco. Copper-
"105
106 %
-"78
100
■8
!
"105
pfd_100
Jersey
$3
Feb
32
NY
Corp
Chic
7% Mar
400
640
1,700
8 Va
7
15%
25%
98
125
7%
22
21
25%
98
8%
32% Feb
Jan
124%
2534
8%
54% Jan
Dec
1244/2
253%
7 y2
45% Jan
4j/8. Nov
98'
123%
25%
7%
13
10%
"97 Va
124%
25%
8'A
49% Mar 20
15'A
98
124%
1
25 % Feb
July
98
97%
25%
126
19%
Chic
9
.
97%
"17 Va
Chic
2
Jan
;
19,
),800
"19'A
5%
12
53%
34%
Jan
>,500
2,
25%
25%
126
25
110
59%
24%
17%
Chicago Corp (The)
1
Chicago Great West RR Co com—50
5
20%
133
58%
.
197a
16'
33'% Nov
25'A
17%
28
5% Jan
"131%
583/4
24%.
"19%
36% Mar 20
14
130%
58
17%
Class A___
14
9% Jan
7% Mar 16
3,700
19%
Chic
10% Mar 25
10% Jan
7% Jan
39%
25%
."19
Chesapeake Corp of Virginia
—5
Chesapeake & Ohio Ry common—25
3%%. convertible preferred—100
12'A Mar 25
Apr
5% Jan
39%
58
25
97%
700
300
39%
17%
9% Mar 25
6% May
Feb
58
25%
126
2,900
7%
39%
130
58%
25
243A
FRIDAY
"6%
"19%
Checker. Cab Mfg
9?
Feb'
130
58
25%
"93%
GOOD
38 %
-
130%
131
59
131%/:
7 ,'
15%
"37
38%
7
18%
Chain. Belt
29
7%
3'/a
39%
133
126
.Champion Paper & Fib com—No par
$4.50 preferred
No par
,5 V
45% Jan
84% Jan
102 % July
39%
'
15%
15%
15%
"37
400
19%
Certain-teed. Products J
14
Jan
90
7%
1,200
CLOSED
17%
Central
9,
221
18
Jan
27
15%
37%':
"7%
230
EXCHANGE
31%,
35
.
"19%
Cerro
33
28
17% Feb
110%
19 y» May
35v,
15%
40%
104'/2
31
35%
1734
Central Violeta Sugar Coi
Century Ribbon Mills—
100% .Jan
24% Feb
Feb
100% Dec
31%
37%
39%
104%
30%,
35%
15%
7%
104%
31
35%
/
19%
5
26% Jan
"103%
104%
303/4
"35
17%
5'
Jan
22% Feb
200
41%
■'
No par
iCentral RR of.New
.
12% Mar 25
8Vs Mar 19
35% Mar
preferred
preferred
400
50
24%
No par
100
No par
20
2nd
123/4
"49'A
59.
1
Aguirre. Sugar-Co
Central Foundry Co
26
22 %, Nov
"131
700
"12 i/a
41.
Central Hudson G & E Corp__No par
Central 111 Light 4%'A
pfd—
100
,
:7
Jan
100
.t
42
12%
51,
38
"7
39%
39
41
"49
15 3,8
6 3,4
Shures
"12
38
39
63/4
-——25
common
Celotex.Corp common.:
5% preferred.
7%
106'A Mar 18
-
15% / 161/4
39
for
the Week
$ per share
12%
103 %
31 Va
35
Mar. .26
$ per share,.
$ per share
Sales
Friday
Mar. 25
Mar. 24
41%
12%
"49
104%
31
35
1
Central
7
:
Co
$4.75: 1st
5
Dec
(J.I)
104%
30%
35
series_>i.ri50
Corp.
1051/2
Thursday
Wednesday
/
51
"40%
12%
50
; 30%
No par
Celanese Corp of Amer com—No par
5
xl7%
4%
General
<te
40%
50r
*33/
:
——10
common
preferred
105%
100
No par
'—*-5
7 % * preferred; ■__
Caterpillar Tractor
2
32%
Ry
Steel/Co
Corp
Conv
_
Feb
156
•12%
&
Dec
Dec
40%
12%
&
Jan
Feb
39 y2
50
Power
5
35% Mar ,9
Dec
39 %
"48%
Clinch
17
PRICES
SALE
$ per share
"11%
Carolina
7% Feb
5
$ per share
$ per share
10
Carolina
HIGH
AND
Tuesday/
Mar. 23
No par
Carpenter.
17% Jan
Mar 16
Par
A
(1373)
Mar. 22
A common—1
class
12
43 % Jan
Mar 16
% Mar S1:
Monday
Y % y-" V Mar. ,!.'<>
1 1
Mills
preferred
31% Mar 25
19% May
130
.
$3
41% Jan
64
17% May
.
Capital Admin
6
28%
158%
Dec
149 % May
X97
2
32% Mar- 4
7%
Cannon
6
Feb
109% Jan
18
27%. Jan
Feb
45
Jan
132:
100% Feb
Jan
21%
.
35% May
6
Jan
2
12% Jan
.Saturday
/:
Y '
55
,
LOW
'■
44% Jan
1
50%
Dec
12 Vi May
38
39%
128
Dec
38
CHRONICLE
STOCK RECORD
STOCK
YORK
EXCHANGE
$ per share
13
50
33%. Nov
-.27
NEW
Lowest
$ per share
.
FINANCIAL
STOCKS
Year 1947
Lowest
&
7%
52%
'151/2
23
"503/a
7%
12
10%
>
11
10%
11
10%
50%
50%
50%
50%
50 %
2,700
300
5,700
10%
>
2,100
51%
1,800
'..7%
7%
71/2
7%
7%
7V2
22,800
54
52%
53%
53%
54%
53%
54%
19,200
15V2
15%
15%
15
15%
"15%
15%
2,300
231/2
23 3/8
23 3/a
23%
23%
23%
23%
3,000
•50%,
50%
"50 Vs
"501/a
50%
10
51
51
;
18
THE COMMERCIAL
(1374)
NEW
FINANCIAL
&
STOCK
YORK
CHRONICLE
Monday, March 29, 1948
RECORD
"
Raitft for Previous
Range sinee Jan. 1
Highest
Year1947
Lowest
I per share
12%
Jun
17%
Oct
13
Deo
55
Feb
42 ft Mar 24
20ft
Feb
10 V4 r eb
61
Jan
f>0
FPb
32%
13
Copperweld Steel Co
common
14
5o
13ft Jan
2
Convertible pref 5% series
Cornell Dubilier Electric Corp
13
54ft Jan
2
Corn Exchange Bank
20
Mar 22
Feb
18 ft Feb
105 ft
Feb
his
fen
9
94
Mar
1
105ft
Jun
92
Jan
12
97
Mar
9
61ft Feb
5
66% Mar 24
Feb
6
177
Mar 19
5ft Jan
2
4% Dec
2ft Dec
26 V« May
97
Deo
75% Jan
195
Aug
loy
Mar 16
8ft Jan
4
4% Jan
2ft Mar 17
Feb
29
Feb
13
3% Feb
34% Jan
Mar
95
Feb
11
Corning Glass
3ft ft
16
Oct
Deo
30
Jan
x21
9
Mar 18
Crane
Co
3%%
9
Creameries
of
21ft Jan 29
17%
52% Mar
F^b 11
42
Jan
46ft Mar
O
Apr
34%
Oct
26% Mar 16
34ft Jan
5
Crown Zellerbach Corp com
98
Deo
108%
Feb
91ft Feb
24
98 ft Jan
2
May
May
130 ft
Oct
102 ft Feb
18
Feb
10
22 ft
66
Dec
22
May
13 ft May
165
Jan
12ft
Dee
82%
Deo
127ft Jan
5
25% Jan
$2
16
22 4
66 ft Mar 17
71ft Feb
3
5%
34%
Oct
26% Mar
34
Jan
17
Cuba
21ft
165
14% Jan
2
Jan
Feb
13ft Jan
5
Jan
12% Feb
11
Feb
5
160
10 ft Mar
9
,
160
81ft Jan 13
Feb
15 ft Feb
13
17 ft Jan
24ft Oct
6ft May
113ft Jan
27 ft
Nov
18 ft Feb
27
24ft Jan
Feb
Feb
11
9
Jan
2
122% Feb 17
139
Jan
2
Mar 11
59
Jan
9
Jun
147
Dec
70
Mar
12ft May
129
Feb
6%
21ft
Dec
48
Feb
>
4% Feb
11
18% Feb
13
Jan
27
52
52
21
19%
20
93
93
*95
65
178
65
20 ft
177
177
20 ft
20 ft
*91%
92%
9fi
"
65 ft
66 ft
53
93
93
96
*94ft
PP
66 ft
*1751/2
66
177
20 ft
92 ft
*94ft
66%
661/8
177
177
*175
170
1,800
270
53
ft
20
EXCHANGE
3,100
50
CLOSED
92 ft
GOOD FRIDAY
96
663/4
3,900
170
177
4ft
4 ft
4%
*4%
4%
4%
4%
*4%
4%
1,700
2%
2%
3
*2ft
3
2%
23/4
2%
23A
3,300
32 ft
32
32 ft
31%
32 ft
31%
31ft
313/4
96
*93 ft
*93 ft
98'/2
*93ft
98 ft
*93ft
98 ft
100
10%
10 ft
10%
10ft
105/a
103/8
10ft
10%
103/a
3,100
22
22%
22%
'21 y8
22 ft
221/2
22 ft
22 ft
2,500
20
20
20
*193/4
22 ft
20
*44
45
*44
98
32
3,600
20%
20
45 ft
441/4
44 ft
44 ft
400
28%
29 ft
28%
28 ft
28 ft
283/4
283/4
29 ft
5,700
97
97
*95 "ft
96%
96 ft
963/4
97
97
19 ft
Feb
21ft Mar 16
19% Aug
263/4
Sep
20
23
Jan
97
Sep
87% Mar
4
93
Jan
23%
Oct
13 ft Mar
9
20% Jan
20
Jan
243/4
Oct
24
Dec
35%
Jan
108
108 ft
108
24%
107
107
23%
25%
24'ft
*67%
69%
68 ft
69
*69
*27ft
27%
27%
28
28
25%
13%
13%
13 ft
13 ft
*155
177
*155
3,900
v
*84'ft
86
*15 ft
15%
*19%
20
*19%
22 ft
preferred
—No par
51
1
pfd
'
100
Cutler-Hammer. Inc
6%
No par
22%
23%
23'ft
22ft
23%
22
22%
13
ft
*155
12
86
*84 ft
86
153/B
15%
*153/8
153/4
*19%
22 ft
*193/4
22 ft
8'/4
131
8ft
8'/4
8%
*52 ft
3,200
J.2
*84 ft
/l,
177
12
60
135
52 ft
800
6%
6'/8
6'A
97,900
22%
*130
137
24%
24%
200
14,200
52 ft
23
22%
'24ft
2,900
.
53 ft
*130
137
*131 ft
131
6ft
6ft
23
*130
23 ft
23ft
6ft
22 ft
23%
" 137
*130
137
*130
*131/8
13 ft
177
11%
54
*52ft
a;
6ft
6%
133/8
8%
130
52 ft
52
51
400
690
21ft
,
8ft
8%
135
*131
132 ft
6 ft
1
Sons Inc 7%
8ft'
8%
*130
No par
common
Class A—
Cushman's
133
7%
70
30
15%
*20
'
No par
com
70
30
86
*15%
(The)
69 ft
130
86
Co
6,300
30
*155
17T
15%
Pub
1,140
25%
12
*155
12 ft
*84'ft
12 ft
109 ft
24%
24%
69 ft
>
13 ft
13 ft
177
11%
*15%
lift
100
107 ft
108
243/,
29 ft
69ft
5
10
*1071/4
24%
29
100
$7
2
16ft
97
108
*96
100
common.
Prior preferred
22
14% May
29
100
preferred
Curtiss-Wright
2
90ft Nov
*44
45'ft
'11%
*84 ft
Curtis
23% Mar 22
30 ft
133
52 ft
52 ft
100
pfd
non-cum
preferred
4ft%
6% Mar 22
18ft May
Apr
6%
Cuneo Press Inc
Jan 27
5
27% Jan
132
52 ft
Cunningham Drug Stores Inc.—2JS0
13
12 ft
4ft May
52 ft
4,700
11%
19 ft
5
preferred
conv
RR
7%
9
56
*11%
*95
1 44 ft
28%
No par
Cudahy Packing Co
84ft Feb 27
19%
7
lift
22
Cuban-American Sugar common—10
5
Dee
xl6
preferred
37ft Feb
96
Jan
17% Sep
101
Mar
11%
•
2
2
12
10%
$4.20 preferred
No par
$4 2nd preferred
No par
Crucible Steel of Amer com—No par
105 ft
*11%
31ft
Cream of Wheat Corp (The)
2
Crown Cork Si Seal new com—2.50
"Dec
12
Shares
43
11%
the Week
share
13%
42 ft
$ per
96
1
25
13%
42 ft
19%
2%
1
25
"41
14 ft
42 ft
93
*167
41/4
100
America:
14
44
96
64 ft
l
common
14 ft
43 ft
*92 ft
100
preferred
14
44
*95
100
„
15
23% Feb
9% Mar
*19 ft
5
common
7%
preferred
Coty Inc_.
Coty International Corp
2
9
Jan
13
Worts
preferred
Cum pfd 3 ft % >er of 1947—100
Corn Products Refining com
25
97% Jan 27
40 ft
107
lift Deo
82ft
21
5
& Tr Co
14 ft
44
51ft
11 ft
51 ft
14
45
11%
*44
Sales for
Mar. 26
Mar. 25
$ ver share
$ per share
14
13%
1
Mar. 24
$ per share
Friday
Thursday
Wednesday
Mar. 23
..
S per share
I per share
5
Jan
88
61ft Sep
170
Deo
Par
!
17ft Jan
47
11
PRICES
Tuesday
Mar. 22
Mar. 20
*
.
Monday
Saturday
11
Feb
18 ft Deo
88ft Deo
Deo
STOCK
EXCHANGE
Sper share
$ per share
44
12ft May
51ft Deo
NEW YORK
Lowest
Highest
t per share
LOW AND HIGH SALE
stocks
23%
5'700
...
137
24%
24%
10,800
22%
22
ft
4,700
243/4
D
Mar 16
Feb
25
17% Jan
6
18 % Feb
14
22% Jan
9
Davison
84
Dec
12%
Sep
Sep
11
33
101% July
101ft July
25
Jan
2
91
Mar 16
85
Jan
5
90
Jan
13
14%
14 ft
*15%
171/2
*15%
19%
19%
291/a
19
7
29
28%
series A
_100
*89
90 ft
series B
100
*87%
88%
Dayton Rubber Co
50o
13%
13%
13%
14
Decca Records Inc
60o
11
11
11%
30
Feb
20
41
33%
34
34
38'%
38 ft
5
7 %
32% May
5% May
45 % Mar
38 % Jan
20
42% Feb
10 8/a
Feb
7% Feb
11
10
6% May
25% May
20% Dec
19 %
Dec
143/4 Feb
11
23% Mar 25
441/4
Dec
321/4 Mar 16
41% Mar
20% Feb
13
21ft Jan
59
Aug
62 ft
Jan
6
60 ft Jan
Detroit Hillsdale & S W RR Co_100
10ft May
17ft Jan
13% July
10% Feb
11
12 ft Jan
Detroit-Michigan Stove Co
1
26 3/4
Oct
22 % Mar 18
25
Detroit Steel Corp
1
22
Jan
14 ft Mar
16% Jan
31%
Feb
22 ft Feb
21
26
Jan
47
Jan
35% Mar 12
42
Jan
44
Jan
&
19
Feb
2
Oct
27 ft Mar
Oct
50
58
9
Jan
38
Feb
13
24%
Feb
16
Feb
11
11% May
15% Dec
18%
Jan
13
Mar 17
19 ft
Oct
25
40ft
Sep
9
1
33%
No par
38 ft
.
common
preferred
Delaware
19
Jan
&
20
Hudson
.
40%
41%
553/4 Oct
Jan
ctfs
1
6%
21
23
Jan
5
Dr.
13
37% Jan
5
Doehler-Jarvis
Feb
24
16% May
21ft
Jun
153/4 Jan
45% May
36% Sep
76
Jan
47ft Jan
2
63% Mar 24
Douglas
32% Feb
20
40% Mar 23
Dow
Deo
42% July
114ft Feb
Dec
104 %
xl7ft Feb
29
Feb
97
23
Feb
6
19
100
Jan
36%
25
*39%
.
Ltd
2
14%
*143/4
Ltd
$4 preferred series A
$3.25 2nd preferred
No par
No par
Jan
2
881/4 Mar 20
3%%
12 ft Feb
11
16% Jan
5
Dunhill
17%
Nov
12ft Mar 11
16 ft Jan
5
Duplan
2
13
113
Jan
2
Mar 15
6
20
Jan
13
15% Jan
2
115
Industries
conv
# per share
$ per share
f per share
19%
Jan
23% Aug
19% Feb 27
16
Nov
24 %
Apr
16 ft Feb
Dee
51
Jan
163/4 Mar 16
48% July
198% Oct
573/4 Dec
25%
38 ft Feb
10
162ft Jan
12
47% Feb 28
Feb
27ft
111ft
17% Feb
Feb
109
82
Feb
Feb
8% Feb
653/4 Feb
16% Feb
39ft Jan
U
Mar
13
8
13 y Mar 16
102
Feb
5ft Jan
43
Feb
11
Feb
24
5
20
2
Feb 16
,
55% Jan
5
19% Jan
12
6
16ft Jan
2
Jan
4%%
preferred
preferred
4ftft
7% Mar 17
preferred
—
53 V*
*84
13ft
Electric Boat
193/4
Feb
13% Feb
11
Convertible preferred
No par
Elec & Mus 2nd Amer shares
Electric Power & Light .com_.No
par
9% May
57%
Oct
139
8% Dee
47% May
63
Nov
10
156 ft Mar 17
123 ft Feb
11
143
10
56%
Jan!
9
24% Mar
14 ft Feb
19
17
Jan
6
59%
Oct
55% Feb
13
64
17
Dec
12 ft Feb
11
16% Jan ,9
12'A Mar 24
19ft
38
Apr
107
Mar
4% Dec
12 ft
2
29% Feb
16
34
Jan
8
97
27
102
Jan
.6
67
Feb
85
Mar
5
Erie RR
9
Equitable
Office
Bldg
common
3
1
No par
5
9
Ex-Cell-O
Jan 23
7% Jan
9
Exchange Buffet Corp
ft Mar 9
26% Mar 17
51ft Jan
2
Fairbanks Morse & Co
31ft Jan
5
5% Mar 4
11
Feb 20
7% Jan
8
13 ft Aug
6
Feb
10
40
26.
19
14
14
Jan
Jan
9
.
2
Corp
53 ft
,
1$
.100
5
(
15ft
14 ft
t
11%
*13ft
:
31
100 '
*99
4ft
10
>
53
*64
4%
10%
53%
*
6%
7
15%
16
7%
43
54ft
15%
'
7%
43
118
96%
96%
>113 ft
114ft
80
13 ft
13 ft
400
y
99
4ft
10%
54
7%
16%
8
43
46 %
26%
6%
7i/4
12ft
123/4
12ft
53%
17%
'
GOOD FRIDAY
17%
83 ft
14%
14%
14%
%
*100
103
r|:
90
2,300
..
1,300
6%
7ft
49 ft
5,300
16%
14%
16%
36
35 ft
35%
27,200
1,000
14%
*35%
y
1%
17%
17 ft
•2
2
17%
*150
V-vr' ''■■'>
'
*138
143
2
900
■
152
*136
•
1,300
23,200
17%
*149
153 ft
140
*53
54 ft
500
500
54 ft
*52 ft
16
16
16%
16%
63%
64
64
64
64
14%
143/4
11%
11% -12%
11%
13%
13%
13%
*13%
.14%
14%
t
14%
*301/4
31
99 ft
100
*64
16%
8
43
6%
-
600
r
103
55
16ft
7%
•
i [
'
* 64
7
P,
48%
■
48%
142ft
.
"
.
'
7" A■y 7 >'
•49"
'
*1,800
CLOSED
*17%
14
13,900
EXCHANGE
54%
*82'/2
*100
3,500
42 ft
170
63%
V
43J/4
26%
20,300
82 ft •83%
30ft
30ft
*98
100
4% f
4%
10ft
10%
55
55
7%
16%
8%
45 ft
*168
(
541/4
*17% ,r
3,500
19%
41%
170
Shares
19
18 ft
,
22%
18%
.42
;
54%
# per share
.
14 ft
11%
*13%
*
10"%
27
41%
*168
17%
153:,
153
•
Sales for
the Week
22%
19 V
19 ft
ft
18%
.
*53ft
16ft
y
55
67
44ft
18
Friday
Mar. 29
t per share
22%
,22ft
19%
*139
L
Mar. 25
$ per share
22%
400
Thursday
Mar, 24
19
41%
170..
54%
17%
18
85ft, 85ft
,14ft . 14%
*100
103
>
.7 Av;:
7ft
483/4
49
15
15%
35%
35 %
2
2
■>
>
30%
100
4%
43%
13%
133/4
13%
17%
13%
30ft
114
113 ft
114
22 ft
19
18ft
-
15
*265/8
1
173
>1173/4
96%
,
11%
—No par
Corp
v
64ft
Fajardo Sugar Co of Porto Rico—2o
Parnsworth Televis'n & Rad
Corp—1
7
12 ft
.
55
16ft
*6%
6%
•
140
*13%
>
*64
67
-
15%
7
Fedders-Quigan
172 ft
117%
96%
41.
7%
*6%
5.50
173
1173/4
*168
*53
49ft
14%
11%
<
13%
*30%
.
103
,
5,100
■:/700
172ft
96%
>;
y,
19ft
19%
63%
14 ft
11%
•
,V
62
62
,
140
r:
53ft
15ft
No par
Jan
Mar 17
7% Mar 17
Jan
18ft
140
200
(LOW ANP HIGH SALE PRICES
Tuesday
Wednesday
22%
351/2
1%
17ft
18ft
152
153 ft
152
11% Jan
xl4
9
>
140
47
38
6 ft Mar 16
17%
400
13%
117%
13 %
35
>1%
1%
*150
5% .preferred series A——100
Erie & Pittsburgh RR CO—
50
Eureka Williams Corp
0
Evans Products Co
0
Eversharp Inc
1
Oct
page
preferred
57% Jan
Feb
see
4%
11
64 ft Mar 13
.
15%
15ft
>35
1%
—No par
Electric Mfg Co
..$
Emerson Radio & Phonograph new 5
Empire District Electric Co_
.10
Endicott Johnson Corp common—25
50 ft Feb
64 ft Mar 13
14%
*34
Emerson
3
Jan
For • footnotes
J
7ft
48ft
7% /
483/4
No par
.—
Electric Storage Battery
Elgin National Watch Co!
El Paso Natural Gas
5ft Feb
lift Jan
503/,
14% Dec
preferred
5
25%
Jan
common
06 preferred
11
24 ft
60
-
9ft Feb
13% Feb
31% Feb
9% Feb
Feb
133/4 Feb 25
$7
4ft Jan
Feb
10% Nov
-
ft Mar 22
12 ft J&n
32% May
x6% Deo
May
25% Jan
4% May
11% Dec
,.Mar 17
49% Feb
7% May
17% Dec
44
18 ft Mar 17
Feb
9% Mar 18
11% Dec
27% May
12
102
May
3% Dec
2
*100
103
*6%
47%
16% Mar 24
.
13%
*100
100
15
13%
$ per share
.
85ft
1
35% Mar 25
2% Jan
18
89
15
14%
89%
173
114
41%
42%
*168
170
53 ft
54 ft
17%
17%
85ft
85ft
14
143/a
40ft
*17%
*88
15
*13%
$ per share
170
54%
20,700
*13ft
Mar. 23
22%
900
25%
96%
13 ft
,19
19
993/4
25%
*88
ft
Mar. 22
.,
99
25%
-
14
14
1723/4
114
*13%
600
y
*1171/4
963/s
Monday
22
393/4
I
11
Jan
15% Dec
48% May
114
5,100
100
993/4
243/i
*13%
1731/4
*
100
15,300
89%
14
14 ft
99
24%
24%
*88
118
*168
100
Elastic Stop Nut Co
Electric Auto-Lite (The)
6
''t
98%
98%
x
100
*993/4
100
*981/2
253/a
172 ft
,19ft
19% „ 193/4
2.50
19
47
40
118
18%
.1
13
156% Feb
63 'A
38%
96%
21ft
\
100
4
1% Feb
135% Dee
62 ft
40%
170
13 3/8
6,600
16%
16%
,63%
*13%
114 ft
16 3/4
16%
I3V2
f per share
100
Ekco Products Co common
12
52ft Jan
cumulative
1,300
3,500
39%
117%
13%
10
Eaton Manufacturing Co
Edison Bros Stores Inc common
91ft Jan 19
106
f!»
17%
343/8
61ft
*951/2
Par
1
Eastern Stainless Steel, Corp
S
Eastman Kodak Co common—10
17%
33 ft
17
89%
Mar. 20
Eastern Airlines Inc
1734
33 ft
61%
13 ft
963%
350
17%
323/4
17%.
32%
40 3/8
168%
:
2,100
503/4
16%
117'/4
►114
1,000
35
39%
99%
24%
14
35
*49ft
50%
14%.
61%
100
*86
Saturday
32% Feb
July
*981/4
14
100
8
Eagle-Picher Co
44% Jan
35%
*14%
17%
99 ft
97 ft
13 ft
1st pfd
193/4 Mar 23
35
*49ft
-
•
No par
22% Mar 22
15
631/2
39%
99%
.
2,500
25,000
14 3/4
50 ft
Af T, 200
18ft
16 3/8
16%
35 'A
41
153/4
16%
;
,1,300
40
16 ft
,62 V
881/4
Jan
171
17
63%
38%
...
25%
3 7/8
Dee
50
38
*17:%
16%
35
50
243/4
Sep
145
35
400
18%
18
.,151/4
50
41
40%
*40%
18
333/4
88%
I per share
168
40%
18
33 ft
*131/4
11% May
2
*40 %
18%
15
EXCHANGE
8
*37%
151/B
NEW YORK STOCK
22% Jan
38 ft
38
37%
15
1
Corp
Lowest
1.900
16%
—100
preferred-
Duquesne Light 5%
DWG Cigar Corp
Range sinoe Jan. 1
Highest
Highest
251/2
37 ft
STOCKS
Year 1947
25 ft
16%
97 ft
50o
common
International
Range for Previous
Lowest
25%
16 %
*99ft
Du Pont de Nem (E I) & Co com—20
Preferred $4.50 series
No par
Preferred $3.50 series..
No par
Jan
97% Jan
120
*25%
;
17%
83
187ft Jan
100
26
*25
323/4
Feb
11
15%
17%
Feb
28
*15
33
19
Mar 18
15%
17%
98%
Feb
*15',
50
62%
2,000
15% /:
15
17
.
11
23%
161/4
38 ft
60
*22 ft
32 ft
18
11
11%
23 ft
173/4
common
*58
60
,
11%
*22 ft.
321/s
No par
Co
*58
11%
31ft
No par
Aircraft
Chemical
V
23 ft
I 173/4
Corp
993/4 Mar 24
94
60
33 ft
25% Mar 25
164
11,900
*491/2
6
113% Jan
13.100
20%
No par
13
July
40
20%
5
...
Feb
129 % Aug
'
39
20%
No par
common
Pepper Co
Dresser
17%
17 Va
17
39
20 'A
■*15,V
41
41
41
•
2
Jan
19% Mar
.
36%
90
107% Sep
115ft Jun
4% May
•0% May
10% May
33% May
363/4
21
197
Dec
36 ft
Oct
92% Dec
110% Sep
104
No par
■;
23%
371/2
20%
11%
253%
Dec
173
May
115% Dec
15% Aug
243/s
15%: '
22%
38 ft
*221/2
s
15%
23
•
23
24
V
22%
36
No par
Dome Mines
14
22%
8%
21%
*58
11%
j.11%
8%
22%
x20'/4
24
*15ft y,
1
16
Oct
y
60
*58
%
.11
22% ,22%
\
8%
8%
15 ft
12.50
A
Feb
11
5
Car Co
38
/:60;«v-
*58
/
8%
,
20
36%
20%
29 ft Feb
39 ft
32,200
34 ft
Dlvco Corp.
Dixie Cup Co
34
11,700
20%
5
8
2,.000
8%
34%
17% Jan
2
41ft
8%
20%
Motor
Jan
41 Va
33%
l
53ft Jan
41%
100
,
800
41%
8%
partic preferred
Class
1,800
5,900
32 ft
32
20 ft
143/a Mar 12
5
33 ft
39 ft
32%
8%
Distill Corp-Seagrams
16
33 ft
39 ft
*31 ft
:
41
19%
16% Mar 22
47 ft Mar
32
2,300
40 ft
19
Co
T
39%
1,200
lift
32 ft
8%
Devoe & Raynolds class A
Diamond Match common
Diamond
341/4
38 i/a
'20
14%
11%
.
88%
41ft
18%
Edison
Vilbiss
33%
39
4,800
;
91
33
100
for
De
33%
1.600
14
11%
33 ft
17%
88%
13%
11%
500
14%
41 ft
.
50
pfd
for
Detroit
13%
11%
38'%
•
14
11%
39%
20
ctfs
Escrow
1
10
yy.
■?■■■•< 14
com
Escrow
19% Deo
Dee
29%
91%
33
32%
*32
100
Delaware Lack & Western
28 3/4 May
88
28%
*88%
'-v.:
'
Co
&
Denver & Rio Grande West RR
42ft May
29%
11%
Deere
Dec
142% May
18% Deo
29
29 ft
29%
*90
88%
9
Deep Rock Oil Corp
163
20
91
5
2
.14%
19%
*87%
13% Jan
8
Dec
*15%
19%
*89
15% Jan
Jan
14
17%
19%
88%
9
' Mar 22
Deo
10ft May
14% Nov
*16 i/a
19 ft
91
13
33
80
17 ft
19 ft
*87%
Feb
46% Jan
May
14%
*86
10
35i/e Mar 16*
14
14%
88%
88 ft
12% Mar
29 % Feb
91ft
91%
*14
y
90 ft
*89
Feb
Oct
98%
17
Feb
Feb
May
May
22%
*90
14ft
*16%
:
ft %
14 ft
23 ft
46 3/8
49
.
20%
45%
20"% May„
35 ft Apr
42 ft Nov
17% Dec
22
91%
29%
1
38%
Oct
22%
*14
19%
20
Deo
16
22
*90
911/4
91%
*14
Aug
May
31
29ft
::y
*90
2.50
Chemical
Preferred 3.75%
Preferred 3.75%
® *90
.100
Corp (The)
Dayton Pwr & Light common
29ft Mar 23
243/eFeb
84
22
21%
1
common
2%% series A
Davega Stores Corp common
5% preferred
15
82% Dec
Dana Corp
Cum pfd
-
,
4%
11 i.y
10%
541/4
10%
2,100
2,500
4 ,,500
12
31%
.
,
100
900
120
100
10,100
43/a
11
•
v
13 ft
33,600
.
*54ft
*64
68
7
7
1,;100
55 ft
/
7%
54%
<68
■
•7ft
7%
16%
8%
1
15%
16 ft
16 %
8ft
8%
8ft
43%
43
6%
6%
7
46 ft
27
6ft
12%
46 ft
27ft
*43
43
6%
46%
48 ft
26% --26%
6ft 6%
12%
12%
31
*99ft
4%
4%
68
,
1,200
<
-.
.
6%
13 f .
•
.
3,400
16%
2,400
3%
7,600
43 ft
7
46
46 V*
*27% 27ft
: ■■£&<' -6%
13; ' 13 •
600
1,100
Volume
Range for Previous
Lowest
Range since Jan. 1
Highest
*.
.
Saturday
Monday
Tuesday
Mar. 22
Mar. 23
Highest
$ per
$ per share
I per share
$ per share
Mar. 20
EXCHANGE
,
.
S per share
share
'
par
Co
1
•
38
39 %
39%
39%
16%
17
17%
17%
*17%
No par
9
9
9%
9%
9%
^
19
t per share
SALE PRICES
HIGH
LOW AND
STOCK
NEW YORK
•
•
Lowest
(1375)
RECORD
STOCKS
Year 1947
$ per share
CHRONICLE
STOCK
YORK
NEW
i
&. FINANCIAL
THE COMMERCIAL
Number 4685
167
Thursday
Wednesday
Mar. 24
Friday
t per share
Bales for
Mar.. 26
Mar. 25
,
$ per share
the Week
I per share
Shares
"
32
May >
42% Mar
35'A Feb
Dec
23% July
14% Feb
16
16 %
9% May
19
Apr
28% July
Feb
9
20
Feb
61
Feb
43
107% Aug
62% Dec
104
21%
50
Feb
11
Feb
,
14
: Jan
14 % Feb
Jan
58
20
17
4% V#
Firth
Oct
31 % Feb
11
37% Jan
5
110%
Feb
x98
Feb
26
102% Jan
15
41%
Jan
30
Feb
26
34% Jan
2
13
Dec
17%
Jan
13% Feb
21
14% Jan
17
14% Mar 19
24
40%
Feb
91
Dec
21% Jan
40 % Jan
12
10% Jan
5
..
40% Mar 25
Feb
Feb
3
92
Jan
27
31
Jan^ 5
23 Vb May
26%
Jan
22
12 % May
25%
24
Mar 16
25% Jan
5
12% Feb
26
14% Jan 27
Francisco
Feb
35% Feb
13
43% Jan
Freepqrt
11%
Jan
10
39
Jan
Nov
18 %
Dec
77
Dec
8%
Dec
17%
53A May
18%
12% May
143A May
7% Feb
97/a
23%
10 Va May
16
100
Nov
48
Dec
93A
6% Jan
18% Feb
13
23
13
99% Mar 24
.
Oct
13%
Feb
8% Feb
148
July
Jan
10 % Jan
155
Jan
9% Mar 17
May
14%
Feb
9-/8 Feb
li'/sJan
8
73% Mar 16
78% Jan
26
341/4 Mar 10
38
Jan
12
20% Feb
27
24
Jan
2
6
144
137
Dec
160
Jan
Jan
28
32
May
39%
Feb
31% Mar 11
35% Jan
2
General
45%
Jan
34
39% Jan
8
General
Foods
Aug
88% Jan
43
16% Mar
May
123
Dec
100
54% July
Dec
131%
/
95
12
Jan
48
Jan
97
25
126
Jan
1,500
*37
37%
37%
38%
*37%
38%
*39
40
39 Va
*91
91%
91%
91%
91%
91%
*91%
93
♦91%
29%
28%
30
28%
29%
29%
29%
25
23%
24
*23%
24%
*23'A
24%
*23%
*14
15
*14
15
28%
15
%:
40%
10
40
>9 %
*9%
,10
19%
20
19%
20%
19%
78%
78%
*77%
78%
*77
*
14'A
40%
10
:.
7%
4
,
19%
-
200
19%
v
*78
> 7%
7Ya
3,000
8 Va
*7%
100
8,000
■■
8'A
8%
8%
18%
*18%
19
*20
14%
14%
*14%
15
207/a
*20
20 7
com—1
100%
100'A
s
500
6%
6%
6%
6%
*31%
32%
*31%
32%
900
20
20%
20%
20%
20 %
20 Va
2,700
14%
14%
14%
14%
14
99%
1,500
104
9
149
500
533/8
53
*103
9%
*145
149
99 Yb
53%
104
9%
9%
*145
3/a
9%
*145
1,000
149
20
11 %
12
11%
11%
12
12 Vb
1,300
11%
11%
11%
11%
11%
11%
11%
11%
9,200
75
36%
36%
36%
22
*35%
>*21%
77
21%
22'A
*36
:
22%
*75
37
••*75
76%
50
99%
53
*103
9%
,
99%
;;i;
7,700
11%
76
100
9%
■
53%
103 Va
Va
107/B
'v-
10%
10%
,
100
53%
7,300
10%
10%
No par
100
*103
-
148
148
149
*145
5
9%
9%
9%
5
No par
200
6 %
> 14
104
,
1,400
e
,32%
54
54
•103
104
20%
6%
101%
*100
52%
52%
*102%
*20
32
6% :■■'
6%
6%
6%
1
>:/; i.v>
21
.•>'21 >
21
*35%
51
,
77
23
*75
.37
*36'A
23
223A
'
76
90
37
200
22%
•
800
*138
140%
*138
140 %
No par
33%
34%
34%
35 Va
34%
35%
35
35%
35
35%
No par
35'A
36%
36%
37%
36%
37
36%/: 36%
No par
1
*93%
94 Va
93%
93%
93%
93%
9%
9%
9%
9%
9%
9%
General
No par
*44%
45%
44%
44%
44%
123 %
*122%
123%
98%
98%
100% Jan 20
4
6,600
78%
18%
14%
900
10
18%
78%
;■ 7%
18%:
160
14%
40 Va
19;
14%
14%
21
14
50
preferred
*14%
10
'
No par
Investors
200
6,100
24%
40 %
*78
18'A
19
18 Va
.
8% > 8%
8%
8Va
8Va
19 Va
7%
77/B
7%
7%
7%
8
*18%
,
1,100
93
29%
40%
19%
78%
.
40 Va
29
*9%
40'A
*9%
40%
10
1
com
*14
%
39
39
No par
Inc
15
*14%
1.
com
/
*24
1,300
com
21
10
Feb
5,800
9%
10
preferred—
General Instrument Corp
14
118% Feb
Feb
27%
9%
Co
Corp
5%
Mills
common
preferred
3%%
*122
—100
preferred
conv
98%
100
140%
*138
140%
*138
140%
*138
100
preferred
$3.50
9
l'i
26%
9%
Co Inc com—_Nopar
2nd
conv
7%
2
40% Feb
Feb
xl22
i%
General Cigar
Mar 13
9
>
16
26%
9%
100
Electric
Dec
Dec
16
26%
Corp
General Cable Corp com
4%
1st preferred
Feb
10%
15%
27'A
9%
Bronze
Feb
Mar
15'A
Baking Co common
preferred
General
33
103
900
26%
Amer Transportation
5
pfd series A
No par.
83% July
*
13%
14
47%
Dec
13%
16
20%
Dec
87
13%
13%
Apr
Mar 19
13%
20%
Sep
Jan
13%
13%
23%
138
13%
9%
preferred
37
"
13%
15
100
Industries
71
rr, '34%
13%
27%
General
12% Mar 25
1
1,800
13%
20
$8
18%
:
100
30%
13
$4.25
9
Dec
8
r
99%
30 3/4
19 %
General
11
11:
35%
99%
30%
32%
19
Jan
35%
99 %
*30
9%
$4.50 preferred
5
28
35 Va
99
30%
31%
19
9,000
35
99'A
30%
*99
99%
147/a
Co
American
200
26%
(The)
conv
15%
30 Va
36 Vb
35%
32
29
58% Jan
Mar 22
35%
15%
30%
*99
General
104% Feb
6
35'/a
100
600
15%
30
32
4%%
7
Jan :■ 2
102
50% Mar 11
100% Jan
Wood
*15%
Gaylord Container Corp—_—_1.66%
14% Mar 25
Jan
15%
2,800
51%
9%
20
Gar
11% Feb
33
Co
15%
49
104 Va
50Y,
14%
(The)__—
9
:
5
Dec
185
Gamewell
16
*15%
49
104 V,
.
27%
preferred
Gardner-Denver
Jan
Jan
58%
Dec
11
Co
51%
9%
preferred
8
21j/4 Jan
Oct
102
Oct
149%
13
30
Gair Co Inc (Robert)
6%
99%
common——1
Gabriel
48%
105 Vb
*50%
14%
■
5
36 VB
10
2
•
48%
*104'/»
51%
26%
No par
Co
48%
105 Va
51%
1
Co
Trailer
cum
47%
300
10
Co
4%
Dec
109
Apr
xlOl
;
Feb
„
1,900
V
No par
Froedtert Grain & Malting Co Inc_l
Fruehauf
14% Mar 23
27,
Sugar
Sulphur
2
Feb
' Jan.
5% Feb
Feb
14'A May
9
1,100
GOOD FRIDAY
EXCHANGE
16
conv
5
9 % Jan
20
18
Feb
43'A
Jan
11
12% Feb
Dec
Aug
81
18% Mar 23
17% Feb
43A July
26%
14
24% Jan, 15
18
6% Mar 16
Oct
Jan
22%
12% Jan
18
77% Feb
.
Feb
10%
21
Jun
5
17% Mar 12
103% Mar
CLOSED
56%
.
130
20%
20%
13%
10
25
50%
Feb
20'/a
56
96%
30
10
100
cum
22
:
20%
56
'104%
52
16
34
Corp (new).
pfd—
3%%
15 %
7%
Corp
Food Machinery
36% May
Jan
20%
56
49
*104"/,
51 Va
*99
Foster-Wheeler Corp common
6% prior preferred
7
.
Power
Steel Corp
Food Fair Stores Inc
89
Dec
20%
56
23%
♦95
.
105%
47%
104%
.No par
Florshelm Shoe class A
24% Feb
32%
Carpet Co
Follansbee
33
HO" July
19 % May
No par
Stores
*
(The)
Florida
6
11
9% Mar 17
Dec
15%
23 % Feb
Aug
Jan
May
May
47 Va
104 V,
Flintkote Co (The) common—No par
$4 preferred—
No par
Florence Stove Co
No par
39%
Dec
9
20%
55
96
52 Va
47%
5
National
*95
*50%
*
100
Jan
May
14 %
preferred
First
May
18
•
Firestone Tire Ac Rubber com-—25
5
2
30
,
20%
56%
55%
99
24
1
20%
20%
56%
Jan
.
20 Va
20%
2
105% Feb
49% Mar 16
20%
19%
r
2,700
20%
;*54%
Corp
23%
900
*20%
Ferro
Knamel
1,600
9%
23%
*94%
9
Fidelity Phen Fire Ins N Y
10»/8
9%
94%
20%;
19
28
600
10
9%
23%
20%
•
53% Feb
17%
23%
21
5
1
—10
38%
17%
94%
*20%
Tarrant Mfg Co
38%
17%
24 V,
Felt
Jt
39
17%
18
96%
23%
6
581/2 Jan
Feb
23%
96 Va
21% Jan
Jan
59%
23%
*38%
39%
39
23%
*95
;18% Mar 17
26%
Truck
Motor
Federated Dept Stores com—No par
4%% convertible preierred—100
21% Jan
Feb
Jun
9
10
26%
Sep
99
23
Dec
51% May
14% May
Federal
Jan
Jun
42'A
2
Jan
25% Jan
10
90
107%
104
Federal-Mogul Corp
11
20% Feb
Dec
20
,
Federal Mining & Smelting
o
8% Mar 11
97%
20% May !
46% May
39% Mar 22
18% dan
11
Mar 11
124
8,300
93%
*93
9%
9%
10
10
2,100
44%
44%
45%
45%
45%
1,200
123%
*123%
99
99
34.900
36 Va
357A
*93
;
99
125
*124
99
99
933/4
300
125
98 3A
70
98 3/4
1,600
'
51%
Jan
120%
Dec
129
Dec
107%
Sep
13% May
19%
Jan
18%
Oct
20%
Dec
13%
Dec
26
Feb
94
65%
2% May
50% Mar 16
119% Feb
58% Jan
19
93% Feb
17
19
125
Jan
16
16% Feb
11
20% Jan
12
> 14
3
16% Jan
5
Gen
Precision
5
Gen
Public
Mar
,
4%
Feb
2% Feb
13
3% Jan
16 %
Jan
11% Jan
22
12% Jan
Feb
21% Mar 16
26% Feb
140
>
Feb
6%
18% May
Feb
29%
128 % Jan
Jan
101%
Apr
26%
Dec
35%
Apr
30
Feb
95
Dec
106
29
•'5% Jan
7
221/2 Feb
11
Feb
13
31% Jan
123% Jan
6%
Gen
12
13
2
Jan
40%
28% Jan
11
Instr
4%%
peb" 14
28
Jan
2
Jan
Jan
85
Feb
10
89
7
72% Jan
23
79% Mar 10
3%*
Range since
Highest
$ per share y>:f per share
i
30
17% May
■
85
22%
:•
Dec
Dec
13
Feb
,
Feb
17% Feb
80
Mar
26%
21
i58
Sep
48%.Feb
5 % May
7
Feb
4
Oct
113
104%
49
Jun
124
Dec
21
33
Fetf
71%
Feb
Jun
,
99%
Dec
106
14
3
19% Feb
July
94% Mar 11
61%
Feb
Aug
3
24
Jan
Cff
May
8%
:
Dec
Oct
16% Feb
41
.
1
Jan
12 % May
21%
Oct
Dec
33
Jan
90
Dec
107
Mar
9
May
14%
Dec
37%
Feb
12
Dec
14
*18.
*
24
'
20
Dec
59
14%
•
9
92
:
Dec
78
i-
I
'<*
=
.
7
7
16
11
21% Jan
Feb
16
28'
Feb
Jan
26
23
•
2
Mar 22
33% Jan
96
Mar 22
Jan
16
> 10 % Jan
32
v,
Jan
6
Gotham
!
3%V
$2.25
Gt
2
Great
132
Feb
27
Jan
Feb
62
-
Mar
29% Feb
23
Mar 16
10
Feb
Mar
13 %
Dec
_
Feb
i
93
Jan
253/4
24%
24%
*95
■
99
,
25
99
*95
i :
B2
:
30 % Feb
11
Jan
-
Dec
t
14% Feb
Dec
76%
85
9
Feb
7
12% Feb
Sep
1
Feb
10
67% Feb
10
14
Jan
5
19%
*79%
s
Jan
89% Jan
2
51'
Mar 23
-75% Jan
2
5
16% Mar 22
233/a
23
23 >8
50
50
50 3/4
50%
CLOSED
5Va
GOOD FRIDAY
115%
115%
4%%
$5
conv
52%*;
95%
95%
*93%
41%
97%
97%
*18%
19
18 /"
19%
*19 Vb
19%
*18%
19%
4%
4%;
,
4%
6%
7
6 Va
19
27%
27%
27%
28
*90'A
91%
90%
91
19%
28
Prop.—No par
pfd
—No par
13
13 Vb
13 Vb
13%
39%
40%
39%
40% >
21%
21 %
21%
65
:
,15%
♦15 Va
11%
11%
No;
17
:
_No
*
273/4
*91
-
10%
♦29%
32%
*29%
*
10
-
88% ''■*
*87
17
17%
50
63%
64%
■
'l
16 V#
•
•1'J 1
-
V-,
:<-49%
64%
•157/8
133/8
13 'A
40%
20%
20%
134
*
'
65
,
*15%
96
*87-
17% ;
49% V
49
-;64
' -'v".
1
15
11%"
96'/a
57/a
,
40%,
6
'
16
:
17%
i 50%
*50:' ,;
64 3A
65 %
,15%' ; i57A
65
51
V 65 Va
•
•15%
v;?
15%
300
10
(
n':X
:
12,500
1,500
D:v>V--
87
17%.
.50 Va
64%
863/4
17 3A
,
.*•;
•
.
87
87 /:
V- 2,800
38,400
41 %
5%
•
I':-
;,v
96 Va
♦95 Va
.
•
11%
.17%
-nvd
>51 >
f
15 Va
•V ;
>•
89 Va,
'
15
15%
53A
50
33%
113/4
40% •v 41
,
Y- 1,600
65
32%,
*95%
:
6%
i6%
.,
15%'
40%'
*6/
:■■>
*60
-
33
11%
15 Vi'
,11%
40 '/a
65
/
2,400
16.500
i
134
134
134
*60
32
96
;
1:
*132
■
33
11%
16%
'
13%
39 Ya
203A
16
65
1,100
32%
403/a
11%
89
70
10
,
20 5/,
32%
6
1,000
91%
*10" ■'
13 V,
*60
40%
1,000
■/,:•
39 Y,
96%'.:.
5%
2,700
28
13%
*132
"
49%
:16
/
40
33
;«40V,-
26,700
19 Ya
21
65
♦95 Vb
v
5%
*
400
19 3/4
20%
13%
41
v
6%
31
,"39%
~
■
No
Gulf States Utilities Co
5%
*86%'
-
r
10%
32%
43/4
>
:
913/a
*903A
91%
10
*29%
96%»;
*95%
•
;
'32%
40%
preferred
Gulf Oil Corp
*60
32 4
15%
common
V
133
133
133
-
31%
par
10
31%
200
1,800
<
■
•
21
No par
10
•29%
200
12,800
19%
6%
*30 '
193/a
"
_
5,900
41%
'4%
,
*27%"' 28
28
/
♦90%
9%
32%
19
19'A
; 19
.
1,500
s
97 3/a
19%
.
det
95
41YB
63a
31
*30%
53%
*97
4%
.
6% ;
30 Va
19%
"
4%
6%
30%
30
*19
.;4%''"
4%
5
30
6%.
29%
22%
*94
413A
97%
v
95%
41%
70
22 %
523/8
22%
53 Yb
94%
'J
9%
preferred
,
94%.
Va'
*29%
$5
22%
52 %
22 %
41 Va
Gulf Mobile 8t Ohio RR com.No ]
.,»
22 VB
52'/4
*97 %
Aircraft Corp
Sugar
22%
53
600
4,200
117
♦115%
97'A
11
Guantanmmo
21%
6,900
.,,
;
5
117
*115%
117
50%
No par
Corp—No
(The)— -
5
41%
No par
preferred
Grumman
*115%
•:■>
5
50%
>95%
Steel
/_/
5'A
97'A
Common
12
.17% Mar 24
-
23%
50
5
21 Va
6%
Greenfield Tap & Die
11
7
23%
50
41
-
EXCHANGE
23
97%
.100
5,300
84
5%
,
29%
——
*79
40%
—5
100
20
23%
40%,
;
11,000
94%
19%
82
*79%
82
Sharee
32%
*92
20 Vb
7/B
*95%
133
41% Mar 17
*79 'A
82
,23
50
*114
1
Co Inc—
19
94 Va
Bales for
the Week
$ per share
49%
23%
—5
com.
20'A
32%
33 Vb
32%
*92
Friday
Mar. 26
Mar. 25
tpershare
4%
4%
.—1
*79%
Thursday
Mar. 24
S per share
33
19%
20%
10
82
*80%
Wednesday
,
"94%
*92
87
87
82
1,800
49%
*49%
1
Co common——
32%
94 Va
25%
SALE PRICES
v
I per share
32%
'
4%
22'/a
50
100
32
20 :
-
25
88 Va
*86
Mar. i'i
*92
25%
^79'W-
Tuesday
$ per share
82
*60
97% Feb
82
800
99
*95
99:
24%
115%
No par
—1
t
88%'
Mar. 23
19%
.100
1'
11
44
■
Dec
16 %
5% Mar
_*
.100
2
*86
;
'
r
Monday
$ per share
Of L)
9
25%.
*79
88%
*79
Saturday.
,
Bay dc Western RR
Jan
99
*25
25%
25%
*86
88'/a
>82r>
No par
preferred
*95
*95
"
25%
Green
8
Dec
51
25Y4
Green
Jan
210
1,400
26%
24 Va
27
12'
1,400
.! 900
115%
26
12
16
25
*115
24 Va
93%
com
7,600
27%
*26%
27
115
26%
Jan
<i
26%
115
24%
Jan
5
24%
25
25
25%
26'A
Motors
6%
1,600
4%
*23 Va
;:
32
pfd
12,400
128 Va
43/s
24%
—No par
Western. Sugar
7%
*125%
4%
26%
77
20
128%
4%
24
33% .Tan
i
*125%
:4Va.
26%
No par
Gt Nothern Iron Ore
:
12 3/,
24%
23
Inc
Ry
8,200
12%
24%
26%
Z
93%
,
1,900
v
3
12%
24
23
31%
com
conv
Northern
.
128%
*25
3
3
12%
24
■
V
15YB
26%
preferred
cum
3
15 Ya
1,800
No par
144
5
21
14
Dec
95
~
'
;
No par
Grayson-Robinson Stores
15
3
8%
26 7a
115%
26%
115
Co—:
City
Grant (WT)
5
33
26%
>114%
•
25
•
26%
115..
com—No par
Hosiery
Union
Granite
42% Jan
105%
27%
Granby Consol M S & P__
Grand
,13% Mar
35% Aug
21% Mar
,
25%
25
;
Mar. 20
(B F) com:
Graham-Paige
19
May
6% May
31% May
'»>■ 57% Apr
■
5% Jan
■
'
11
May
A% May
25 Va
27%
114% 114%
Telegraph Co
preferred
22;
17
'
'
4%
*93%
$5
Jan
12
*1'25 %
4%
$5 preferred
No par
Goodyear Tire & Rub com—-No par
9
12% Jan
Dee
128%
4%
49%
20
July
♦125%
4%
No par
Greyhound Corp
'•
128%
4%
3
24
*125%
ik15%
12%
23%
21%
36% Feb
70
2%
12%
10
Sep
Oct
2%
24%
:No par
Feb
May
'V 29%
15% y 15%
12%
preferred-:
Co
Stock
&
Goodrich Co
2
Feb
9 % Mar 16
27% Mar
163%
15%
LOW AND HIGH
STOCK
common
(The)
Goodall-Sanford
-
9
.Inn
19% Mar 22
•
Gold
17,
Dec
133
90
30
Jan
44 V, Jan
101
Co
conv
2,600
2%
Goebel Brewing
>49%
34% May
'•
100
17
Feb
'•28
%
-
9
27
'5% Feb
25% Feb
;
-
9
11
'.3% Feb
;
8% Mar
Jun
23%
...:
24% Jan
>57% Jan
■
"... 96% Mar 18
5%
V
20
120
38% Mar 17
109 Vv
31
C
Jan
4%%
19
12%
V'.;/;;Mmyff,
Brothers
Glidden
2
<
183/4
24
*86
$4.50 preferred
9
6
19
15%
'
.
2%
•
*79
preference
conv
Glmbel
5
Jan
18
Dec
13% May
'
27% Jan
53% Jan/
•
47% Mar 16
.
Dec
;
■
12
■
Mario
41%
;
84% Jan
1
95
.
2
V
27
Mar
$5
1,300
18%
18%
—100
10c
com
Gillette Safety Razor
*
' 21% Jan
.
/;!::>> /! ■
4
13
12%
EXCHANGE
2
95% Mar
Mar 17
Nov
51% May
V-
36% Jan
13
96%
100
Corp
NEW YORK
$ per share
13
92
Jan
;.
103
27% Feb
«
Jan
.V
Highest ;.V
> $;per share
36% Dec
105%
Jan. 1
j'-'y,»ll0west
13%
19%
,STOCKS
Year 1947
1,000
13%
*13
13% \ 13%
"
24%
2%
preferred—
preferred—
Range for Previous
36,600
97%
12 Vb
preferred
AVa%
Feb
543,
1247/b
97%
>> 24%
Gen Tire A Rubber Co com—
98
53 Ye
124 %
19
16
15%
.
No par
Time
54%
123"%
97
%'.
96%
5
Corp
Refractories
53%
123%
54%
123
96%
97%
967/B
18 Va
18%
—10c
Utilities
Gen
23
108
Dec
t
13
,
pfd—No par
General Telephone Corp——
20
Dec
90
>13%
54%
123 %
124%
•123
'
Castings $6
Nov
53% May
>
No par
Service
Steel
81
Lowest
Corp—No par
Gen
85
r
96%
General Shoe Corp———1
24% Mar 22
22i/«
Feb
Equip
preferred
Realty & Utilities
General
5
•
"
25% Mar 18
■
Cement
Public
Apr
'
21% May
54%
123 Va
96%
V
No par
Co.
1
Railway Signal com
128% Jan
> 22% Feb
Portland
General
Gen
29
28
Advertising
Gen
25
124% Jan
Outdoor
2
110% Feb
Jan
19 %
Gen
No par
5
-*
-.4% Mar 11
:
Oct
36%
May
No par
54%
54%
53 VB
123%
10
com
series
$3.75
15
> 12% Mar 17
'
26
Corp
preferred
Preierred
10
31%
Oct
$5
98 Va Jan
Dec
,;3% May
General Motors
2
124% Mar 25
-
May
11%
/;
Feb
Mar
50
V<-
y■&L '}
>
'•%.-.
>>>.
; 32,600
.2,100
:0:
36,700
•:
4,900
\*
•..
-
I.-
:
.f.
H
-1
32%
Dec
39
Jan
14-
Jun
19%
Feb
13
Dec
19
Jan
13% Mar
87%
Dec
112
Feb
79
102%
Dec
108%
Sep
Xl01% Feb 10
■19%
Apr
27%
Dec
21% Feb
148%
Oct
281/4 May
For
160
Jan
see
31
Feb,10
12% Mar
Jan
39%
footnotes
•
page
147
-34% Mar 11
.
15
3
14% Jan
Mar 22
24
Mar 24
27% Mar 16
26.
'
9
89
Jan
Jan
103% Feb
>
4 5
5
12
:
4
,;:v:
Haekensack
Hall
Hamilton
•
4%
Hanna
26% Jan
9
150% Jan
28
6%
9
Hart,
31'
Jan
Water—
25
(W P) Printing Co„.
Watch
cony
Co
com
preferred
(MA)
Harbison-Walk
Co $4.25
Refrac
preferred
Schaffner
35%
♦33%
37
*33
35%
*33
353A
5
13%
133A
*13%
14
*13%
14
*13%
14
No par
*13%
13%
13%
13%
*13%
14
13%
13%
80%
79
79
80%
82
82
•103
104
100
*79
pfd—No par
*103
104
79
*103
103%
103%
ii104
''
com—No par
100
&
*33
Marx
10
*23Y,
*145
27%
24
24 y
-.24
148%
*145
.-.148 %
27%
28
28%
*145
tr
: 124^
24
;
28 'A
148'/a
'- 29
1'" ■
24% 1
147
147
28%
24 Yb
'
283A
,*33
.
13%
*13%
35%
300
13 Va
14
83
♦103
900
130
83
104
21%
*147
*28Va
10
i
24%
•
150
1,300
.r
2934
-
——rr-
10
900
Monday, March 29, 1948
RECORD
STOCK
YORK
NEW
CHRONICLE
FINANCIAL
&
THE COMMERCIAL
(1376)
20
A-
Highest
6% May
■
'75%
£6
Feb
•
Apr
73
9%
Oct
25
Dec
35%
Jan
22
May
30%
Jan
4% May
:
/
Jan 27
87
Jan
Feb
13
42
Jan
'2
95% Jan
23
-99
9
56
Dec
103%
Apr
78
35
May
-42%
Feb
=37
X95
Dec
108
July
•49%
Nov
68
Jan
140%
Dec
165
Jan
22%
118
20
63
Feb
134
Mar
Dec
38
134
Jan
Sep
29%
Sep
;30
4
9
Mar
1
20
Feb
24
-21% Feb
5
Apr
x29%
Nov
21% May
31%
Jan
-
20%
Oct
25
Jan
48
Jun
"37% Mar 18
30
Nov
36
Dec
•■26% Feb
19%
Feb
13% May
14
Mar 23
21
J
42% Feb
•35% Jan
9
•
44
Dec
56
Feb
36
Feb
27
46% Jan
28 %
Jan
36
Oct
29% Feb
10
34% Jan
$2.25
2
Dec
105%
Sep
89
Jan
37% May
45%
Jun
38
91% Mar
Mar, 12
85
6
3%%
5
12
Houston
;
16%
Jan
28%
Dec
"20% Feb
20%
Dec
29
Feb
-'19
Feb
11
38% Mar
33
Jan
31
31% May
28"% Jan
11
22
Jan
3
7%
May
7% May
33
Feb
4% Jan
9% Jan
13% Mar
7
t2
7
Mar
Howe
43 %
Feb
',34% Jan 20
".38% Feb
21%
Oct
•14% Mar 17
15% May
3% May
30
Jan
30
39% Aug
32% Dec
7%
3
•18% Mar 23
Hunt
Hupp
19%
79 %
33
20%
14
30%
"30%
115'/a
160
*23%
24%
.500
19%
20
20%
2,600
*78%
80
80
14
20%
31
40
39%
40%
39%
25
25%
25%
25%
25%
25 %
19 y2
19%
40%
41%
5%
5%
preferred
:*10
6.66%
Corp
Inc
31%
89%
89 y2
39%
40
39%
40
25%
26%
'26 Va
27
20
700
100
2.100
'
'*19%
19%
f*19%
40%
40%
40%
40%
40%
5%
5%
5%
5%
5%
10
36%
37 % ".'•■
17
16%
17%
16%
17
17%
3%
3%
32%
'32%
Ms
20
100
11%
••
y'•
*3
11%
*10
,11%
37 Va
37
37 %
•37%
37y2
16%
16%
16%
17 %
18
18
•>16% ■"<16%
17%
"18%
3%
3%
■4 K-
,
3%
.
*11
'
UV2
600
6,700
'•
20,100
18%
*18V4
3%
3%
.
000
3.500
36%;
10%
3%
13,600
5%
11
'
31%
90
40 Va
36%
'y
400
31%
89%
;:25%:v:
*19%
16%
'■>
3,700
40
5%
5%
16V2
1
4.100
16%
38 y2
40
*90
20
41
35%
100
i.No par
33%
15%
*
:
91
31%
^
:32%
16%
40
41%
*19%
.
32
15%
*31%
40
-
5 500
31%
100
No par
•
*7.100
39%
39%
O
100
20%
38%
*38
31%
"300
2.500
15
.20%
16
90%
251/b
38%
39%
31%
23
"207/a
16
90%
22%
1*14
38%.
y-
K
38%
31%
900
25 y8
25
14%
20%
-29 %
31
31
.
22%
;
16%
91%
1
125
*14
31
*90%
5
*21%
24%
21
*31
t c
29%
1,600
12
29%
10
12
12'/a
29%
.1-14
200
80
*78%
12
29
38%
15%
20
12 Va,
No par
com
Car
-114%
38
3.9%
9,700
23%
20%
-30%
..
1,200
124
115%
'
*39
18
52%
*122%
23%
20%
15%
124
115 Va
38%
39%
15%
17%
52
'.500
24%
,
38%
-.
143
17%
*122%
20 V4
19
*,140
60
56
52%
52
987/s
•56
143
*16%
'300
100
30%
24%
' v\'..
30
98%
55%
2,400
!
-
FRIDAY
*29 %
20%
24%
13 Va
98%
GOOD
29%
'
'
50
v
38%
CLOSED
.
29%
Va
12
29
24%
*
14
38%
5
78
12 y8
29
*20
'20%
"24%
18%
No par
*
79%
12 V8
29
EXCHANGE
23%
86%
'19%
19 %
38%
Min & Sm Ltd—No par-
Foods
4% Jan ;• 2
19%
29
13 %
i;700
115%
'114%
*23%
10
com
115
24%
24
40
.
•'
30 Va
*29 %
*23%
12.50
Co
Motor
13
114
*20
*
5
Texas
non-cum
Hudson
Mar 16
15% Feb
Feb
,2
'
5
( A)
30%
19%
*28
:
12-400
24
*!22%
98%
124
'122%
24%
•
"80 %
5
10
1
124
*29
115
24%
Manhattan common—100
Hudson Bay.
'21 Va Jan .15
30
*12%
of
Sound
5%
"12% Jan 21
May
12% May
*122%
23%
23
*140
124
115
,
7'A
*85
' 143
'140
*123
12 »/8
Finance
Hudson '&
6
143
No par
Howard Stores Corp
9
.
41% Mar 22
'
*140
24
,55
—100
_i.No par
No par
preferred
Oil
143
;
7'/a.
*38
17%
preferredLight & Power
Houston
*140
-5;,
1100
,
:
'86%
52
—;
Shares
8.
*85
v
56
17 V*
Mining-
conv
5
42% Jan
*54Vi
51
E) .The
(Del)
(C
Household
*98%
55
*79%
Houdaille-Kershey
14
•98%
98%
54
17%
Hooker Electrochemical Co____
5
*98%
55
52%
Holly Sugar Corp_.*r——.—
"2
17% Jan
98% " '
*54
17%
Furnace
Homestake
24
-38%
50%
Paper'Co—
Holland
11
Mar
Co
*38
16%
Corp,
Hollander & Sons
15% Feb -14
Jan
Hires
38%
preferred—:—1—100
Hotels
.26% Jan
Jan
*38%
18 y2
Hinde & Dauch
Jan
86%
23
23% ' '
*85
1
-15
'13% Feb "11
May
35%
%
-25
*23
86%
51
Inc;-—
cum
-
'."■, 23%
38%'
*28%
4 per share
73%
8
;
for
the Week
7
7 Ut/2
8%
7%
23%
;
.
*23
16 %
Chemical 'Corp
'3 % %
Hilton
24.
23 V2
23% ; 23%
'.7%
*85
50
common
*6%
"73%
8% V
7%
7%
100
preference
conv
Heyden
'30 % Jan
22%
17
l$4
Hewitt-Robins
,14% Jan
28
Jun
33
8
81Feb
11% Mar 16
Dec
Jun
Powder
7%
srv«■
•
86%
"*98%'
•'7
to
Mar. 26
'
23
'
*33%
;—;—No par
Motors
£
8%,:
Sales
>Friday
4 per share
pertyare
'*6%
7
23
22%
Mar. 25
$
73%
8%
25
preferred
non-cum
8%
7%
23
*84
*6%
'*,72%
/. 738% - 8%
73%
8
7%
-loo
common
preferred
Hershey: Chocolate com
x20% Feb
-
W)
•5%
'27% Jan
Feb
common
preferred
cum,
Hercules
122% Jan
79 % Mar-22
-
Jan
Dec
10%
26
"14%
7%
2
2
'
(G
Hercules
2
Mar 22
21 •;
3:65*
2
Co
7
73
7
72 %
100
25
common
(H J)
Helme
Mar 25
'
;53 % Jan
-18% Mar
14% May
18
128% Feb
27% Mar
114
Heinz
1.
9
Mar
121
Jan
Mar
Co
3preferred
Mar 25
Feb 21
46
•
,
142% Jan
7
10
Sep
Oct
29%
Sep
Dec
126
51% Feb
'"14% Feb
140
Feb
50%
4
Hecht
*
.r
5
15
Glass Co
Jnazei-Atias
,5
*5
13
90
14% May
26% Jan
26% Jan
11
*6%
1
100
_1
2
Amer Class A
preferred
Industries Inc
Hayes Mfg Corp—_
<4%%
Thursday
Mar. 24
4 per share
$ per share
4 per share
Par.
Hayes
'7
10
14
Mar
•21% Feb
■••;■,
■
.
Wednesday
Mar. 23
Mar, 22
Mar. 20
HIGH SALE PRICES
AND
Tuesday
Monday
Saturday
-
Hat Corp of
4 9
,
8% Jan
6% Feb
x20
/
share
79
Jan
5
"8% Mar 22
6% Feb
Feb
12
YORK STOCK
NEW
EXCHANGE
7% Jan
6% Feb -24
Mar 16
11
10%
100%
Dec
May
$ per
-•$ per share
$ per share
♦# per share
v
Range since Jan. 1 j
"Lowest
Highest
Year 1947
'Lowest
LOW
STOCKS
Range for Previous
1.700
3%
:
7,700
I
*
May
18 % May
37% May
32 *
Mar
3
Idaho Power Co
27% Mar 16
32% Jan
2
-
Illinois Central RR Co common—10o
64%
Dec
Jan
?9
93
Jan
97
Aug
95% Mar 16
96% Jan
.2
15
Jan
26%
Dec
24% Jan
22
29% Mar.24
7% May
11%
Dec
9% Feb
11
X21
Dec
12%
30'%
'•62% Feb
Jan
Jan
17
50
May
169
Dec
433
Apr
'9
27
15% Jan
28
Industria
Feb
10
'•49% Jan
»5
Industrial
Oct
'119
Feb
20
150
Feb
10
130% Jan
40% Jan:
11
11
Feb
11
>46
Jan•
96% Mar; 3
2% Mar 10
103
Jan
Jan
108
Mar
7
May
Feb
40
15% July
11% Feb
Jan
July
80
163
Dec
186%
Jun
"162
6
May
10%
Feb
95
i
34%
5%
525%
Dec
36%
158'
130% July
38% May
137
92% Jan
Copper—_—20
17%
Jan
Feb
116
Feb
Feb
.•
96
52% Jan
20
55% Feb
63%
Oct
43
Mar 12
56 '
40
Feb
30
Mar
34
17%
Feb
11% Feb
11
11
17%
Feb
11% Fob
Apr
26%
Feb
17% Mar
9
May
27%
Oct
22% Mar
1
*29 ya Feb
137 Va Jan
Jan
22%
22%
15
*14%
15
45% - :
*14%
y,
■
45%/.
44%
45%
*155
158
36%
18
'
37%
18%
'.
,
■
-.v:r.y
158
*155
158
37%
18%
07
4 700
46%
130
8 900
183/a
.'18 Va
7%
400
■
38%
37%
20.600
7Va
44
*43'%
«T6%
97%,:/.
97
97
*97
400
97%
44
500
/44V*
*7
44
86%
..
26%
1
•27.,:'
110
24
7%
y
19
Range since Jan.-l
87
Island
86%
6
4 per share
2,700
163%
G
•
87 Va
163%
8,900
2 900
26%
27%
27%
28%
20,500
*136%
137%
*136 Va
,137'/2
40
48%
17,800
50%.
13%
13
'*140
52
*11
98
55
417'a
.■*41 >/2
NEW
,
;
42
13%
12%
21V2
*20
.
•
3?
*140
32
,
*31 Va
35
*32
13%
>
13%
13%
13%
20%
53 %
■.
*31
*140
-
STOCK
YORK
LOW AND HIGH
Saturday
$
Mar. 20
>
.-?/•
//j
4 per share
;':,yy,,Mar.
Mar. 22
76,200
3,500
Va
13%
20%
26
'.;••■/ 31%
*32
700
1,200
144 '/a
*140
144%
900
-
'
SALE PRICES
,
'-Wednesday
Tuesday
Monday
4,100
35
13%
13
32
144%
54%
20%
26%
32
200
1.300
"25%
v4;'
*23%
260
•
13 Va
13%
20
26%
■/.;
*140
144%
53%
21 ">"••
*25%
32
-53
/
13%
12%
.26%
i-1-
jEXCHANGE
,1.700
11%
*97 Va
,*53
35
*31
13%
12%
144%
11%
54%
41%
52%
21%
32
1
93
97
97
41%
*254/2
20%
32
*11%
54
41%
35
12%
.
47 V*
•/ *92
■".* 54%
96%
96
*52%
52%
*31
,
25 y2
107 a
"10%
47%
'93
*.91
'
41%
51%
-
13%
.
19%
24-.
y-
10%
47%
93
55%
41
34%
13 r
50c
new
>86 preferred
._
49%
*31 %
No par
com
200
4 Va
47 Va
97
2.400
79%
•3%
*75
•
'
40%
.
25
No par
Coal
27%
27%
4%
■80
'
1363*
47%
10%
v
'..*52%
25
No par
27%
840
4,000
3%
27% V
*91
96
10%
54
par
ctfsj
27
*74
136%
48
93
97
40%
Stores
Creek
Highest
f
2 900
10.700
139%
6
3%
i
27
137'%
47%
y. *91%
94%
54
.No par
Dept
76
'
Lowest
.
139
163%
27%
3%
27%
^*135%
48
*94:
100
share
Foreiern
27%
75
3%
27
137%
10%
No par
Intertype Corp
33% Mar 12
Jan
1
6
6 Va
76
3%
27
26%
•■*136 %
,No par
Shoe
6 Va
28
*74
3%
3%.
47 y8
preferred
Telep & Teleg—No
Interstate
Mar 25
140
27a
13%
27/a
13%
.
'
*91%
International
94
Tqn
86%
27a
13%
140
162%
163
162%
6 V*
27%
.
*'
76 ..v.:
'•074
.
15
com
International Silver common
28
26
13%
139%
86%
'86
163
6%
M
.27 a
ma .:;•
140
139
88
;:i62%
6%
87
3Va v
2%
.
'y-13%-
14
141%
i
4 per share
1.400
15
45%
*42
31/a
2%
.13%
137
STOCKS
Highest
,4.700
10
97
97
;
227/a
*127
18
7 Va
7 Va
440
29
44
*41 %
700
96%
*14%
y
37 Va
18%
18
7
,7
•37%'
36%
46
32.800
126 //
*155
,
.
-15
800
31%
*95%
*'
'•'
Year 1947
Lowest
22 V2
162%
6
—_.No par
Co
preferred—_
Range for Previous
4 per share
100
Paper
International
5
Jan
.
14%
16
No par
International Salt
21% Mar 22
•
18
i
.
—.—
preferred
•:5%
•
100
'
Int'PRys of-Cent Amer com
1°
Jan
14% Jan
4
19
Aug
22%
158
•
32
••
Preferred
84
,5
40% May
i
preferred
"
20
3
162%
Chemical com—5
&
Minerals
International
29
"45
158
22%
126
136
85%
100
Int'l Nickel of Canada com
,7
24
_No par
International Mining Corp
'2
107% Jan
39% Marl6
Jan
10
127
13%:
13
135%
new_No par
common
preferred
'4%
9
53% Jan
Dec
9% May
29
10
32%
•71
'
8
Jan
45
Jun
No par
Int'l
Jan
*"13% Jan
Mar 22
"
Feb
.98
2%
No par
Machine
Business
Harvester
"7%
96% Jani 15
28
.97/8'Marl9
.
9% May
Rubber
—
Int'l
136% Mar'23
£
Sep
16
Dec
29%
9 7a
*125/
43
*96%
Int'l Hydro-Electric-Sys class A__25
33%
28 Va Jan'
;24%"Manl6
86
May
96%
29%
9%
126
7 Va
43
^._10o
Iron
Int'l
4% Mar. 2 4
3% Mar 16
135
_No par
com
7
6% Jan-
78
Feb "9
42% Mar 17
9
*95%
29%
9%
*155
'
:
■18
*7
preferred-
Interlake
2
;
.•
1
Inc
Corp
Intercontinental
10
Oct
104
Jan
4 % %
-8
167% Feb
11
74
Dec
58%
Interchemioal
11
59%
Apr
5
'141% Mar'22
10
107%
Dec
96%
*28%
30%
126
37%
36%
Insuranshares Ctfs
Mar 10
Feb
;23% Feb
Feb
'•
*155
*95 V2
*32
'
V
Feb
••v
_No par
100
71
22%
43%
.43%
71
•
*14%
125
No par
Consol
Inspiration
3% Jan. >6
11
Jan
Dec
143%
42
124
:
9
14% Jan/-, 2
5% Feb
Oct
96
Dec
3%
37%
2
Co
Steel
:
22% May
76
-46%
1
7Va Jan
11
125% Feb
^70
94%
Inland
18% Mar 22
6% Feb
Feb
50
9 % May
-
—1
30%
*70
10%
22 V*
14%
*14%
S A
"
35% May
100% Dec
3
34% Mar 10
15% Feb
Nov
8%
De Mex,
Rayon
*32%
31%
70%
"
Oct
17%
Electrica
32%
31 Va
29
9%
22%
*22
No par
Ingersoll-Rand common
"6%
preferred
9
Mar 18
156
'
12% May
6% Sep
Indianapolis Power & Light
28
10
327/a
30 '/a
70%
96%
*95%'
28
9%
•'
*69%
,96%
23
5
327a
71
33%
30%
y
71
*95%
100
1000
Illinois Terminal RR Co
2
y
70
31%
33
31
30
A_100
ser
series A
Feb
Feb
pfd
conv
4
lines
RR stock-ctfs
39
-
180%
42
.
non-cum
Leased
17
136%
>
,11% Jan
;.;22%Jan
'6 e/o
14
Dec
107
72
11
20% Feb
July
x35% May
20
5
35% Jan
.
*
23
/Friday
Thursday
Mar. 26*
Mar. 25
Mar. 21
Sales
for
the Week
"
./•:'•- v.'
vyy par
$ per share
4per<vhare
$ per share
$ per share
v.yj per share
Shares
Sper share
.y
'
.6%
Jun
13%
419%
Dec
24% July
80%
Dec
.'39% May
89
Dec
*37
104%
'
Feb
7
•
21
5
53
104%
Jan
39% Feb
18
Sep
92
13
Jun
46%
Oct
Dec
125%
Oct
Sep
34% July
■y
.£2
30
19
Jacobs
145
Dec
151
Dec
145
Oct
;
7%;
8%
*20%,
21V
:•.■■'
21
vy
89
2
Jan
;89
Jewel
Co—
5
Inc
Co
Tea
pfd__100
_No par
com
cumulative
3%%
preferred
100
Johns Manville Corp com—:_No par
3 y2 %
88
8%
Jan
29
152
6
Jan
"
34% Jan
5
.
43%
94
94
36%'
_100
*102
Joliet & Chicago RR stamped
100
Jones '& Laughlin Steel com—No par
*142
•
A%
2nd .preferred series A
106
*25
•1-
v.
:33%
32%
v'.
6
31% Feb
Feb
14
Feb
11
108% Mar
90
Feb
17
23% Feb
.
11
11
89
Jan
40%'Jan
13
,
2
.-5%
100
*85
r
1
preferred series A
Joy Manufacturing Co
■35
"
8%
8%
8%
21
*20%
2,700
21
200
80
87%
88%
87%
87%
44'3/4
44
*42%
44%
44
*93
'93%
94
93%
93%
*93
200
100
EXCHANGE
94
•
"37%
109
37%
108%
25%
38
"38%
38%
*107
108%
38
108%
23%
25 V.
25.
*102
/ 103
*102
*142
155
*142
32 Vs
87%
*86%
35%
32,7/b)c.
32%
-
GOOD
FRIDAY
200
25
102 %
155
..
500
*24%
103
155
.
6,200
CLOSED
38%
109
*107
102%
24%
103
35% :.36%
*86%
35%
*20%
.
*42%
43
32% ..,33%
87'/2
,
8%
8%
21
89
89
"
■
83% Feb,
"
*20%
07
i
25%
'4 *102 ■'*
4*142
*•
7
8%
36%
.rr
103
,155
,
*42%
•
25%
-
y
•^'."93%
36%
106
preferred
Johnson & Johnson .tommon
102% Mar 25
Feb.10
*41%,
100
12%
9
26 % Jan
8%
21
88%
(F I)
Jersey Cent Pwr & Lt 4%
Mar.19
41% Jan
111
29% Mar 16
Feb
40%
30
'■
1
Jaeger Machine Co common—No par
'
1100
101%
94
10
Jan
Feb
44% Jan
11
20% Feb
112
Jan
Mar
'
34% Feb
Dec
39
Feb
100% -Feb
4
-98
25%
2
92% Jan
Jan
■
24%
.527% May
186% Dec
9% Jan
6
83
Feb
108%
,
Mar 16
19% Jan,
'142
32%
32%
20
T5533 V4
18,700
*
'
100
8T
87%
*87
87%
87 ~
36%--
'36%
36%
36%
,11,100
.37%
K
*
14
Jun
22%
'
17% Jan
£
93% Jan
13
;• 29% Jan
2
Kalamazoo Stove & Furniture
Kansas
94
Dec
-16
May
47% May
13% May
29%
Dec
58% July
48% Mar 12
18
Nov
14% Mar 17
20% May
13% Jan
26%
Feb
20% Feb.20
21%
Oct
41% May
4'39
Apr
52%
Jan
/17
Feb
10
42% Feb
"
54
5
24% Jan
10
.*,21% Jan
2
51
Mar 25
49%
Feb
36
Feb
13
43
Jan
31
Dec
27%
Feb
1Q
Feb
11
23
Jan
8
Dec
21%
103
116%
Feb
92% Feb,21
11% May
<■65%
Jun
-*25
May
90
Dec
20
Feb
Jan
63
15%'
Class
conv
class A—1
1
B
95
49
:
%
15
'
28
.
21 %.
75
Oct
29% Feb
11
102% Aug
91% Jan
5
34% Jan'
95
50
51
*50
147/a
15
15
21%
21 Va
21%
,r
18%
18%
49 Va
50
*36%.
37%
.38
19%
19%
V 20
.96%
96%-
-
11%
11%.
Kimberly-Clark
conv
Corp com
No par
2nd preferred—,
;_1Q0
34
Jan
40
Oct
32
Feb
13
38 y2 Jan
Kresge
Jun
59
Feb
45% Feb
16
50
Kress
Apr
52%
Oct
41
13
(S S)
(S H)
Kroger Co
Co
&
Co
(The)—
10
ser__100
*63%
31%
*92%
10
33%
No par
*47%
„No par
43
-»
18Vs
28
15 j-
18%
40%
-.46% Jan
:
29%
49%
Cumulative preferred 4%
Feb
29%
.
49%
49%
45
Feb
*93
.18%
Koppers Co Inc c0mmon___l
Jan
16
95
1
vCopper'—*
Kinney (G.R) Co common—
__1
$5 priortpreferred
_^_No par
Jan
•
V-vj
No par
Keystone-Steel & Wire Co__*No par
•4%
13% Jan
8
16%
16
i*93
15%
*93
*
Mar
"
38%
Kelsey Hayes Wheel
Kennecott
■103% Jan
11% Feb 19
85
10
16%
16%
16
16%
*94
16%
800
95V2
,
Power & Lt Co—
"
Jan
-16% Jan- 15
13
City
3preferred
100
Kansas City Southern com__j.No par
"4% non-cum preferred
,—100
Kayser (Julius") &.Co_
£
5
/
*94
-18%
,i.' 28
,
22 !;
50 %
50%
15%
i" 14%
21%
■21%
*21%
■
29
18%
18%
18%
a8.%
•49Va
50 %-
49%
18%
50%
38 %
*37%
20 %
50%
*37%
20%
}./94%
-
38%
20%
94%
96
97
12%
12%
'*64
65
65
12%
V
31%
31%
93%
92%
34
34%
34%
35
49
48
48%
48%
*92%.
"34%
49%;
65..
43
43
43
-
42%
,52%
>
r
•11,700
44,700
38
600
V2'
'20%-
3,000
,
.
170
400
10
65
32
32%
2,400
93'
92 %
92%
210
-
34%'
*34%
'
50
800
18%
'31
12%
♦12
.
900
K300
21%
96
'*93
12%
'
15
32 Va
32
92%
33%
:7 20%
.«
65
*64
32
31 Va
*92%
93%.,
29
50%
,20%
12
10,400
28%
50%
15
,38-
97
*64
:
*14%
51m ;
20%
12
31%
95 %
38
:,
97
65
•
*21
'
95
.
42%
50
42%
/
:
f
35
50
-
t
42 Va
*9%
10%
3,500
50
-42-r '
s
•1
1,900
2,200
f
-4)
4% May
7
—
9
.
20%
Dec
Dec
14
44
Feb
—
4% Feb
.
9
Jan
For footnotes see page
11
1/256 Mar 11
Jan
Feb. 11
20 Va Mar 19
26.
y5% Jan 17
1/64 Mar
10% Jan
24
Laclede
Gas
Light Co_
9
..(Rights
9
La Consolid 6%
Mar 24
4
—«
pfd—75 Pesos Mex
Lambert Go .(The)
No par
5
5
5%
1/256 :l/256
rl/256
9%
*9 Va
9%
22
,22
-
:
22%
5 Va
5
5,000
.,5Va
5 Va
400
1/256
10
23
*9%
22%
10%.
23%
%
*9V2
23%:
10%
24
...
,53%^.'237/a
100.
2,000
'
Number 4685
167
Volume
THE COMMERCIAL'&
Range since Jan. 1
Year 1047
Highest
Lowest
$ per share
$ per share
Lowest
NEW
Highest
Saturday
Monday
LOW
STOCK
YORK
'
■
(1377)
21
RECORD
STOCKS
-
Range for Previous
:
STOCK
YORK
NEW
/:•;
FINANCIAL CHRONICLE
Mar. 20
EXCHANGE
SALE
HIGH
AND
PRICES
Thursday
Wednesday
Tuesday
Mar. 24
Mar. 23
Mar. 22
Friday
Mar. 25
Mar. 26
Sales
for
the Week
"
'
$ per
share
10
>38
?May
95
Jun
>
-
'
v
1% May '
Feb
27
31
l'l
9
16
6V4 Jan
26% Jan
per share
No par
12 V4
37%
:37y2
(James)
& Sons
Co/com——3
3.85%. cumulative preferred—^100
Lehigh Coal & Navigation Co-/—10
Lehigh Portland Cements—4.
25
Lehigh Valley RR_
.,*231/4
*"95%
/ 10 Va
/
24%
97l/2
10%'
]. 32
—50
/>,; (2
,
2y8
Non-cumulative
35% Mar
25% Feb
Feb
57/b Jan
19
7% Jan
31
38 Va May
!
35% Mar
vH'/a May
5% Jun
50% Feb
24
Jan
41% Feb
25
49% Jan
5
50
"25
No par
22%
50c non-cum 2nd pfd
No par
f,
7
Lehman Corp 1 (The)44y2
91/8 Feb
24
11% Jan
5
Lehn
i
Feb
Feb
16% Feb
20
8% Feb
9%
'10% Dec
\ '
17
May
46% May
.
8
25
59%
29% Mar
May
169
Dec
191% July
•
33% May
10
12%
Mar"23
>
preferred..
&. Fink
Prod
9
Libbey Owens Ford Glass
Libby McNeill & Libby—
38 % Jan
2
Life
91
8
Liggett & Myers Tobacco
Mar 12
Jan
l'65'/2 Feb
26
174% Mar 24
Feb
14
43% Mar 22
8% Feb
10
111/4 Mar 22
37
Oct
Savers
■1V0
preteired
__
63
Dec
55% Mar 16
66
Link
Belt
Dec
28'% Feb
35% Mar 25
Lion
Oil
30%
Jan
18
Mar 16
23% Jan
9
83
9
Liquid Carbonic Corp com
31/2$ conv preferred-
18%
Dec
.' 39%
15% Feo
27
18% Mar'22
57V2 Feb
28
68% Jan
5
27
25% Jan
5
-
Long
Feb
19
19% Mar 23
-
Lorillard
Jan
141
/Jan
6
Jan
27
:
23% Jan
14
Louisville
Gas
44% Jan
8
Louisville
<*2
Jan
21% Feb
53
Feb
38% Mar 16
Oct
20
101% Aug
92
29%
26%
96% Jan
15
41/2%
8
Lukens
41
Nov
36
Apr
142
60
Oct
41%
111
Dec
91/4
Feb
11 '/a" Feb
25
9% Feb
11
500
Dec
Jan
14%
32%
19% May
;
22 Vu May
•971/4
teo
14-
Jan
Oct
15
'
63%
Jan
26%
Nov
19% Mar
35%
Nov
27% Feb
Dec
190
88
Jan
32
per
share
24
May
82
$
per
0
21
$3
Jan
"9
$6
1st
41% Jan
12
McOall
Corp
Lowest
share
$ per share
11
5
Mai-
45%
Oct
36% Mar 12
42% Jan
15
McGraw Electric
24
May
32
Feb
23% Mar 17
2b y4 Jan
12
56%
44
29% Mar 22
94
McCrory Stores
Mar 12
-
3%%
Feb
45
50% Mar 13
Mclntyre
Jan
30% Mar 17
34% Jan
12
McKesson
Dec
105%
Feb
87
93 y4 Jan
26
17% May
25%
Feb
21% Jan
7
21%
31%
Feb
19 J/8 Feb
11
24% Jan
12
23%
Oct
16% Feb
27
20
Jan
5
•16
105%
Jan
Jan
18% Feb
23
5
11
Feb
80% Mar 24
94
.Tan
36'/a Feb
27
41 y2 Jan
16
24
Jan
Jan
May
24%
Stores
;
VA-%
,
4%
18% Mar
13
Feb
11
17
38% Feb
11
Nov
Mar
12% Feb
•
•
8
May
•
Sep
49 Va May
110% May
Dec
Dec
49
Oct
Jan
102
Feb
11
15% Jan
;9
118% J^n
7
10
Feb
Jan
*
11
4
"Feb
13% Feb
34'% Mar 17
Feb
63%
Feb
128%
Feb
9
11
Feb J1
49% Feb
11
$4
-
61% Jan
/ Jan
115
102'%
15% Jan
Jan
<xz
35
i_5
:
36%
;*93
16% '
,.10
42%
No par
com
/
$3.25
100
*38%
*130
27
vtc
A
preferred
Morrell
81
4OV2
40%
22'/a
22%
40
80%
82'%
221/4
22
49
*87%
19%
191%
36%
371/4
99-
*98
17
16%
43
43%
40
38
,
*130
132
*39
•40
22 'A
24'A
"49
49%
'89
201%
20
38
•
99
38
99
-161/4
17
44
42 78
40 '/a
391/4
*131
132
Tool
2,600
FRIDAY
600
221/4
161/4
80
200
22'A
1,600
2,500
16?/4
16%
55
55
13%
141/a
1,200
49
:
:
49%
2,100
,
2,500
19%
1,500
2,000
38.%
38%
99
98/;
98
99
99
16%
16%
16%
16%
16%
38
38
i
*39%
391/4
/ *39%
41
131
131
45%
40%
44 >
43%
43
4 J", 8
132
%
38
80
9,200
9,100
///;
19'/2>Mar 23
Mueller
Bra-ss
Oct
19
Mar 17
251% Jan
Mullins
Mfg
18
Jan
10
11% Feb
16
14V4 Jan
21
40%
Feb
33% Feb
16
37
Jan
107% Jan
2
111
11
17
16%
Dec
13
Feb
44%
Feb
39
Mar 19
56
Jan
50% Jan
26.
23
108
'
-
Jan
series
&
&
A
•'60
7
Jan
>2
42% Jan
16
55% Jan
5
.
*•
10%
No par
B_-__.No par
Co__
No par
Lines
___No par
Co
par
-.1
com
14
1,500
10'%
ini/4
lO'A
10%
10%
10
10 %
1,900
.52%
53
/
53i%
52%
52%
94%
521%
95
94%
95
58%
591/4
lul %
101-/4
101%
*101%
102%
53%
5 !/»*":
5
*
125,8
-13
*1121%
'-
54%i
51/4
95'
*59
17%
16%
17%
38
38 U
10
10%
27
27 V»
53V4
'
710 '/a
27
54%
54
110
*108
56.Va
115
54%
5V*
5%
10
10
27
,28
55%
*108
28,
*110.
108'A
52%
53'/a
14%
14%
*24
24%
24%
12%
13 V4
25% V26%
26
26%
25%
25%
19%
19 3%
20%
20%
•20'/4
20 'A
19
19
19V4
19»/4
19%
*19
21%
21%
21
21%
: 21
*102
21'%
103
*102
103
*102
11%
12
*11%
12%
12 '/a
35
35
35%
35%
36
103
12 Vb
124%
1
ilO
*108%
:
14'%
109
14%
^50
*39
'40'%
Nn npr
*50
'51'%
109
14%
v*39
50'A
109
14%
40
501/4
.,36%
28%
•1,000
56 »/4
10,300
,1*110
116
109%
3,300
52%
531/4
16,400
14%
,15%
12,600
24%
24%
>'
131/4
13%
/ 4,800
3,600
109%
.V
-
25%
x25%
25%
..20Va
20Va
20%
J,400
'19%
19J/a
19%
*2,100
21%
21%
,22%
5,600
102
102
*12%
12%
36
36%
102
*12%
36%
102
12%
36%
112
108 Va
*108%
14%
14
-14%
14
*39
391/2
*38
39%
*38%
39%
511/4
*50%
51%
*50%
51%
51'A
109
300
19%
14
109
1,500
13%
'26
12%
-
'
:
<
14%
12%
205/a
■;
53%,'
24%
10
55%
56 Va.
14%
12%
1,000
38
28%
-
52%
.-
80
270
10
-28%
116
•
610
1,900
,
38
\ :
109%, 109%
109
14%
'
55%
56%
115
"/a
/■:
17%
10
52%
'•19
27,600
10
108%
*24
10,700
18 V4
5
18V4
38
141%
.
18,500
51/4
17
52 Va
12%'
56V2
12%
55% it//
38
1081/4
12%
55-
"/
•
r 5%
lt>78
14i%
'*23% * 25
10,000
112Va
101%
12%
112%
38
lu Va
*37%
521%
•
*101%
12%
54%
14
107%'--
101%
;•
112V2
54
.< 51
'106%
60 %
12 %
5
/
53 %
96
59 %
53 %
112%
v
3,600
53
95
59 V\
95
.
101%
113
13V4
•113
37
*105
___5
100
preferred.
Murray Corp of< America
4%
preferred
"Mvers; 'F F> Ar% Bros
13%
58'%
*25%
1
^._^_____No par
13%%
571/4
10
.
2—__i
class B___
preferred./
4%%
•
3
Corp__'___l__No
13%
17
Corp.
Co
13%
36J/4
—_,:_5
Co__;
13%
•
:____r5
Munsingwear Inc.—
'Murphy Co (G.C) common
5
Jan
»
$7
•
10%
95
400
131
131
'
110
89
*87%
19%
20 Va
V
50
49%
89
*19%
20%
3,400
40%
22 VB
16%
*87%
600
>
81
81
*39
57
*55
•
13%
57V4
5
---ZNopar
,x__
21»% Feb
101% Feb
V 13%
13%
57%
•
'
Inc
Feb -19
Nov
2100
LL'_i--1.25
Inc
series
(John)
191/4 Mar 17
5
9%
52 %
'*94%
;100
com/i^i!lNO'p«r
Moore-McCarmack
•
>
No par
J
15%
No par
■
'Montgomery 'Ward
16
13%
No par
_<
preferred
Wheel
23 '.I Mar 17
M
Machine
16
pfd-100
preferred series A___
Mar
see -page
80%
*80
40%
19%
"Regurcom__._A:-_l3
Products
'
80%
40Va
1,700
CLOSED
18
81
■
EXCHANGE
GOOD
21
18
54i%
Motor
footnotes
20
21
18
53 %
Motor
Jun
20
21
18
10
26% Mar 22
For
21
21
89
JNopar
Corp___
Motorola
,50V2
*20
18 Va
13
13% Feb '"2
112
20 V2
211/2
>113
23
•i
ai;
32%
92
20%
18
'
'
<
50
32%
*91
92
30
600
*20%
v12%
22
Jan
50
')
32%
32%
*91
1,300
900
18%
1121%
11% Jan
Dec
•491/2
49%
92
for
Shares
25%
251/4
211/4
112i/4
20% Jan
9%
32 %
Sales
the Week
39
20%
"12i/4
Oct
371/4
49%
321/4
26
*25%
25
49%
share
94
*37%;
18
No par
Dec
107% Dec
'25
94
38
21%
Impl com.^.l
Nov
Apr *
94
38
Friday
Mar. 26
$ per
29%<
"29 Va
29%
*93V4
share
20
49
Scott
Mlg
14%
107% Mar
*29%
32%
*91
$ per
20%
48%
pfd scries A__i
;"27%
r
29%
95
50
91%
Mar. 25
Mar. U
$ per share
38
25%
*91
Moline) Power
$4
9
Mar 17
& *SS
; v 27%
.'••-'
38
Thursday
Wednesday
21
20 V2
*87%
3.90%
&
Prod
May
May
/>
32%
*931/4
aoo
33%
33'A
18%
*20
*18.
No par
Monsanto Chemical Co'com
"
*5
Apr
"May
'49%
92
*91
;*
251/4
50
32V4
29%
95
2,400
38%
112
SALE PRICES
Tuesday
$ per share
38
*101%
Monarch
54'/a Jan
13
27%
HIGH
40
10
10
*110%
33%
33%
20
130
80
38%
39%
112
*110%
34%
81%
1,900
85
80
50
Mojud Hosiery Co
42
471/4 Mar 16
Feb
*38%
Mar. 23
29%
37 %
No par
7%
16 "
heij
25
29
*93%
26
:
■
*48%
Mohawk Carpet-Mills__"—
109s/8 Mar 25
Dec
27%
•
31%
No par
St Louis Ry;
conv
Mission
//Jan its
64%
r
•
$ per share
29
'24%
150
common
^Mb-K6n-Texas diR
5 v
'17%
/:
112
34
34%
Mar. 22
37%
_3%
$6.50 preferred..
5;:
Dec
19% May
*110%
Monday
Saturday
preferred _L__
Minn
28'% Mar 24
11
Feb '10
'
P
Minn Min
18V4Mar 24
44 VJah
24% Mar 11
102
J«ri
St
3.20%
56% Mar 25
"*
;
'
/,. 17%" May
;
14%-May
112
*84%
50
Inc
1st. pfd
May
9 V2
17
-34
95
_10
Petroleum
Steel
8%! cum
5
'
;-■',/ 24
/>
Jan
2 >
42% Feb
Feb
Midland
/
Mar 25
May
151/2
10
96
70
111% Mar ll'1
32
-
*
10% Mar 16
Oct
99
105% Mar 17
„
9
2
Minn-Honevwell
123
/
*110%
85
90
84%
10
10
38
*37
5
Mid-Continent
2
Jan
81%
10%
38
*93
"—5
Miami Copper
2
15
23%
IOV4
34
28%
a
—1
Co
Edison
54% Jan
102%
25%
Metropolitan
Mar 20
41
54V2 Mar 11
:;. 51%
13%
.8
Minn
5
Feb
Jan
46% Jan
27
-
10%
38
84%
89
Inc
2
Feb
:
*81%
10
38
$ per share
No par
preferred
13% Jan
45
8
*84%
*81%
112
34
com___18
Co
Co
9% Mar 17
Feb
56%
84%
lOVi
1
___
&
Minneap'&
88% Jan
32% May
>
.«
Inc
Merck
5
Dec
•
84%
83
39%
*110%
*'
Min'Transp Co
15% Jan
Feb
May
85
83
.
llOO
&
27
Jan
:
84%
85
'
70%
Jan
••
137% Jan
11
66%
h3 %
'
41% Jan
Mar 16
114%
/ .11%'May
.
35
129% Feb
Dec
28% Mar
■/
Dec
15'% Nov
May
83
lO'A
■
Mesta Machine Co
.
*84
49
5
101
7
84%
58%
Merritt-Chapmah
>:
84%
1,500
175
38%
*87%
9
Dec
85%
*172%
49
9
.
*84V2
1,700
'1,600
311/4
38%
48%
27
104
/
No par
f 38%
83
52%
'
m.;: 175
38 • '
38%
84
*38
S-i 31
381/4
85%
84
■y
37V4
48%
Jan
6l% "Apr
"
175
38%
3,500
21%
31
48%
22% Jan
99
:
175
*175
52%
48%
90% Jan
12% May
.
177%
t 311/4
38%
«19
21%
31
49%
53
6
53
53
13%
13
Mar 10
17%
13%
id
Feb
17%
13 %
11
36
17'A
13%
Jan
94
17
14 "
44% Feb
Jan
20%
21% •.<21%
177%
80
13,300
20%
19%
31
4,400
98%
20'A
20%
,
24
98%
: :/
14
88
111% Aug-
23%
100
21%
common
Stores
cum
24%
24
*98%
99
19%
16%
8,500
4,270
14
Jan
84%
21%
6%
-16%
53
3iy4
Mar. 20
Merch
$3.50
'<:
6%
16 V2
14
65%
103 % Mar
y4 Mar 18
•
6%
16%
161/2
mi
35% May
97% Dec
/ /
20 5, a
99
1,000
6%
55
13
14%
100
:
3,300
6%
21
21
21
300
:23 %
;
16%
<
16 Vb
43% Jan
1st
Mercantile
*20%
2,200
:V 9V4
6 Va
55
Jan
:•■.
24
100
*8%
*22%
16%
(The)
.conv
20%
.
:v%
54%
47%
//:
20%
20%
:■!; 8
6%
6%
1,700
575
23%
*23
6%
16%
>2
10% May
-6% May
47'/2 May
.
9
*81/2
87/a
231/2
61/4
81/4
54%
14 % Jan
48%
201/2
.8%
*23
6%
.
8
16%
28
156
20 y»
8%
24
6%
8'A
S'/a
>11
*500'
56
12% Jan
•
6%
8'/a
81/4
>
11
,11
575
i*54Vs
6
5%
11
*500
1
5
Mengel Co
11
575
preferred^—__50
18% Jan
V 45%
575
8%
8
11
*500
11'A
11
*Ji
,^2 "'
f 16%
57% Jan
Apr
3,800
31
pfd (1st series)
1
,100
pfd ,(2nd .series)——jJ>0
Corp
10
29% May
201/4
21%
2nd
11
33
20'A
*521/4
Melville-Shoe
14% Feb
136% Jun
20'A
31%
Co
common
17% Feb
<•:•,:•
20 y4
22
Mines—
Norris Mfg
Corp
52% Feb
47%
20%'
53
1
Mc-Quay
Feb
Dec
201/4
•
51%
No par
Jan
43%; May
20% ;!'
21'/a
Co—par
19%
*'•83'
1,200
20V4
51%
21 <
com
Robbins
73
Mar
12%
'
Co
13% May
•41-
12%
LOW AND
Corp
55 %• May
,
13
51%
>'.20%
; 31%
__No par
McLellan
10
50
13
^NoRar
preferred
Mead
*
12
20% Feb
$4
19
Feb
V25% iJan
Dec
;
*500
*84%
300
13
16%''.I71/0
,■
3,100
13
H
.38
6,000
32%
101
13
16%
—•—_No par
Porcupine
&
*99
13
; 575
<'175
50%
*32'/a
32
101VA
i6ya
100
L,—5
145
50
No par
No par
36%
*140
*99
241/4
preferred
conv
36%
36%
'49%
10
3,600
..'4
24'/a
—.—1
95
24i%
145
49%
12,400
26%
23
*92
<
100;
24'/2
—1
>
800
9,100
100
23%
-—
25%
257/a
22%
.;.•.% 31%
31%
44
•95 /
*36%
.
42%
140
22%
42%
245/8
.
22'A
3,100
147%
22%
*140
/
*145%
V':
104
'101
20%'''21
-——/Nopar
McGraw-Hill ."Pub
May
31%
32
i
36%
50%
19%
*100
*100
IPar
Feb
Jan
;
31%
147
t *92
.
145
49%
"
22%
23%
com—-:No par
$ per share
25
40%
*140
507/a
••:/•:
22%
*36%
145
50%.
95
22
36%
36
*140
1 ■: >.
24%
*92
6%
EXCHANGE:
88
',<
16%
—_
'
20
22%
6%
NEW YORK STOCK
,
Highest
23%
93
I6V4
preference
cum
\
Dec
25 •>.••■;•
93
22'A
6%
preferred—
Feb
16% May.
88% -Jun
41'A
,
16 Va
Maytag Co-cbmmon
Feb
Dec
41'/8 '/41%
20%
20
pfd_—*
10% Jan
43% Jan
33%
May
22%
634
common
107%
46
22%
15%
Co
Stores
Dec
30 Vb
*22
6%
if
35
87
221/4
62%/
/ 146
<15%
7% 1 preferred
Range since Jan. 1
Highest
,
145
STOCKS
Year 1947
y
2,000
1451/2
6%
Co
11
6
3,500
>24
19
15%
Co
Mar 12
Feb
61
24
.19%
.^_-_5
$3.40 cum
48%
60
23V2
19 »/a
prior pfd____100
13
112
62
23%
19%
145
8%
12-
10
63%
23%
19 V*
*22%
89'% Jan
110% Feb
62'/4
*■•.(? 231/8
.:
9
6.25
23,600
191/4
31%
.7%'
•
26,900
23%
37%
10%
19%
17% -17%
64%
49%
*500
200
85
19%
,145%
-
155,
.201/4
2,300
*81
:.;
•
10,000
18%
24
85
9% Feo
>17%
6'%
Feb
38
17V4
*8%
Mar 25
Jan
18 ri:1 / J.VV
: *23%
80
Jan
>;/i 17%
-1
Cqrp
Range for Previous
't
.'—1
84
■>
Lowest
-
50
Aug
Npv
181/2
900
35'A
-19%
23
/•
*i01%'101y4
13
-13
$3.75 preferred
Nopar
$3.75- cum pfd 1947 series__No par
14%
17%
59
19%
>201/4
24%
31
No par
16
113
19%
*81
600
17,800
34%
,
<85
82
63
621/4
49 y4
100
:
89% Jan
50
351/4 May
*36%
59
20'/a
93
^140
.-Nopar
84% Mar 23
Jun
■
-10
com
19%
19%
22'%
.
21%
34%
19V4
82
241%
24
*91%
Feb
'/4 May
-
145%
__il00
59
33%
19%
203/4
::/;/; 40% ,'42
com—1
58%
34%
82
40'%
A
59
130
10%
19'%
7,000
42
10%
82
//.
39%
97'/a Mar
••
*144
42
10%
20
82
•
42'%
10%
33%
,-*:•
*401/8'
10%
58%
'
42%
10%
'58 V2
21%
100%
108 Va Mar
*57
21V2
26
Jan
11V4
21%
13
6
•43'/4
10%
No par
Alkali Wks com
Dept
42%
ll'/a
61%
Jan
May
*40
42
-5
&
Electric
Master
173
*80
Co
(GlennL)
Mathieson
173%
10%-
No par
Masonite'Corp
12
13
/ Jan .9
173
42
/•
preferred---,—------100
Martin-Parry
176'
174
42% Feb
Dec
1
4'% %
16
12
Jan
174
106
/Dec
'42
175
174%
10
6%
Ry
19% Jan
Jan
174%
175
19 V2
Exploration
Martin
60% Jan
173
*171%
__v/—(-50
series
RR
Marshall'Field
2
24
1,200
35% Mar 16
49%
Dec
'82
Jan
iS
33
500
84%
No par
Market St
4
32%
83%
3 3 %v
Corp___
Marine "Midland Corp
8
11
32%
85%
19%
Shirt
21Va Mar 22
11
32'%
*84%
Feb
"39 '/a May
^85
47% Feb
31%
85
100
Forbes
Oil
26V2 Jan
Mar 16
24% May
Manhattan
102% Feb
.
2
32%
841/2
No par
Co Inc com
16% Mar 23
4
6
:
14% Jan
32%
85%
33
Marathon
97
32%
85 %
58
Bros
23% Jan
22Va Mar
-
Jan
32%
86
223%
Mandel
7% Jan
32%
*85
<18%
24
Maracaibo
20
*32
18%
9% Feb
20
1,400
9,100
938
191/4
Manati/Sugar Co—
7
Feb
19%
50 V4
9'A
22%
7
27
6% Feb
19%
49%
9%
10
"2
Jan
15
19%
49%
Magma Copper"
-—--—.-—,10
Magnavox ou (The)
z
._1
18% Mar 18
Feb
Va
No'par
Jgn
<
3,600
.2,400
9'A
>
9 '/a Jan
26
8.6Q0
7%
49%
18
& Sons Inc
Coal
10%
19
33%
Co
Mahoning
47
10'/a
•
9%
17%
pfd series A__
Madison'Square Garden-,
•:.;;
46%
10%
x7
>V
10%
50
20%
4%%
13
x7i/a
45%
*10%
10,100
19 '/a
20%
Corp__
pfd
7% Jan
39% May
18 V» July
175
12
(M)
cum
(R H)
7'4
X45
7%
<47
8,100
/
20% 1
91/4
preferred,.—.—L—,—-1,00
Macy
63
20%
19
___100
Electric A
Steel
10
5% Feb
111% July
24%
1
4
8% Mar 16
Feb
14'% May
:
20% Mar 22
20% Feb. 17
Dec
34
-Mar
Feb
Dec
%.■ 34%
Dec
May
9
13% Feb
&
&
63
20%
48%
common
Co
MacAndrews
6 %"
7 y4
*27
Xl9%
2.400
3,500
2%
.
*31
63
23%
45%
/10%
10%
58
Mack Trucks Inc
,
7
Feb
8V2
-
5
1011/2 Jan -10
5
Jan
16%
.
May
<14
'
27%
6% May
9
7
'<•■
AUg.
Dec
12%
13
36% Jan
5
xl6% Feb
2
Feb
142'.
2
Dec
3'%
Jan
18"/4
Jun
May
/22%
11
100
Jan
52% Jan
40
>
13
301/2 Mar 16
Mar
15%
Apr
6
Jan
Feb
21% Mar
11% May
10%
Jan1 27
43% Feb
21/3
4,000
FRIDAY
9%
.No par
Nashville
Lowenstein
26% Mar 25
11<
.2'%
.
CLOSED
19% v
1
Lumber A'
(P)
2
22%
19
prelerred-L—
24% Jan
152
Dec
7%>"
^Mar 17
Mar
30'/a May
Feb
<
Cement
Bell
191/2 Mar 17
Oct
41% May
455
11/
29%
1
149
Lone -Star
2%
.
;
32%
__
lnc^__;____
18
134 -V Nov
•16%
Loew's
;
5%
*30
No par
Aircraft Corp
19% Feb
172
Dec
99'/4
Lockheed
Oct
13% May
34
Feb
>
Feb
17% May
93
20% Mar 20
5 '/8
2
No par
Jan
Dec
:
2
79%
Dec
21%
13
>:;/''5
ii'/a
>
GOOD
491/2
.No par
_
21 %
Apr
137%
Feb
13% Jan
Co
Co
28%
58%.May
; 12% May
^
79
Feb
27
Dec
17%
Jan
Feb
20
109%
5.o/8
5%
EXCHANGE
10%
33%
9%
5
35%
Dec
97%
10%
33%
9 '/a
No-par
Apr
78 %
*95%
10%
33V4
25
Corp
Aug
"10% May
.
97%
10%
33
f
9
__100
Lily Tulip Cup Corp
13
18%
48
_
19% May
Jan
18%
47%
24
5
47
11
18%
30
*23
33%
5%
2J/4
47 y2
2,400
1,000
24%
10% .,,'101/2
50
47%
12%
50
39
33
23%
7%
Shares
7
com
24%
C
.
!>25
23%
23
7./.
■■/vi- >.7'
45
■
45%
9%
10
share
39;
*95%
.
1*$ per
*49%
*23%
97%
<l95%
11%
11%
50
.<38
38
25
*23 y2
25 ,/;.
97%
10 %
,
33%
9'%
Corp
Lima-Hamilton
*48%
•37%
No par
No par
Lerner Stores Corp
5
9% Jan
jviar
11%
491%
37%
—,__5
Corp
19%-Mar 22
/
12%
'4.9 %
5!A i;
2'/a
v/.!//
50
$3 -non-cum lsfc preferred
561/4 Jan
82
Aug
x48
Dec
23%
6
31% Mar 16
96% Jan
May
jan
13
4o
11
Apr
40% Oct
78
19%
Tl2%
38%
'"/f/*23%
*95%
10%
5%//>/.;'
'
.
1214
48 Va
37%
■
32 % ;/<%/33
//5
Lehigh Valley Coal com—__—_>_1
30
12 y8
! '#"■
$ per share
$ per share
48 V4
49'%
common
S per share
$ per share
;
,
12'A
"'48 Va
Lees
2% Jan
2,
1% Jan
jS
Par
v.
prelerred
50
Lee Rubber & Tire—5
Bryant
4 %%
10% Jan
37% Jan
4% Mar 16
Lane
98% Feb
Feb
10
30% Mar
Feb
v3'/4 Feb
■
Jan
95% Jan
-8%
4% May
44"
Mar 19
23
12% Feb
"44% Jan
1
49% Mar 23
35
Apr
101
Dec
-
aVa May
30 %
y
12% Mar 20
27
47% Jan
56
Jun
21 V\ May
is'Vv'i
9% Mar 12
14% Feb
Feb
56% Feb
30% Feb
May
49 %
$ per share
108%
14%
20
300
2,100
80
3,400
22
(1378)
THE COMMERCIAL
■
Year 1947
Lowest
• pershare
CHRONICLE
RECORD
Saturday
Monday
Tuesday
Wednesday
Mar. 22
Mar. 23
Mar. 24
LOW AND
STOCKS
f per share
$ per share
Mar. 20
EXCHANGE
"«
Lowest
STOCK
YORK
NEW
Range since Jan. 1
Highest
.
Highest
Monday, March 29, 1948
STOCK
YORK
NEW
Range (er Previous
FINANCIAL
&
I per share
f per share
Par
I per share
t
per
HIGH
SALE
share
PRICES
Thursday
Friday
Mar. 25
Sales
Mar. 26
S per share
$ per share
for
the Week
$ per share
Shares
N
:;
14
May
19%
Feb
16
17% Jan
2
Nash-Kelvinator
15%
15%
15%
15%
15%
15%
15%
15%
19
May
May
29%
Feb
20
Feo
24
25 y» Jan
9
Nashville
100
23%
23%
23%
23'/s
23'A
23i/a
*23%
233A
241/4
440
30
Jan
24
Feb
14
29
Jan
5
National
Acme Co
1
26 Va
26%
27
27'A
26%
27'A
27%
27%
'/ *27%
273/4
Jan
7% Feb
27
9% Jan
29
National
Airlines
1
9%
2,000
16%
9%
93/a
9%
93/a
9'A
93/8
4,700
21
8y«
Dec
9'/a May
14
14% Mar
Feb
8% Feb
11
10 '% May
16%
Feb
11% Feb
17
24
34
Dec
Jan
27
Jan
165
Dec
21 Va
Jun
"8 V« May
,,
29
Feb
26%
26 % Feb
10
Feb
20
Mar
5
National
Biscuit
Can
National
Cash
Jan
7
Nat
13% Jan
2
National
2
National
10
Dec
14%
Jan
Feb
28
15%
Oct
11% Feb
13
17%
Feb
10% Mar 15
13% Jan
13^4 May
Dec
14% May
17% May
30% May
29
2
National
17% Jan
2
National
Dept Stores
18
5
National
Distillers.
28
11
43
Jan
12
Feb
11
19% Jan
5
Feb
25
95
29% Jan
163% Feb
23
Sep
Jan
134% Feb
19
48%
Dec
25%
Jan
36%
Dec
167
6% Jan
Feb
8%
87
Jan
15% Feb
% Feb
2
$4.50
National
Mar 24
11
7%
Feb
1
5
National
25% Jan
5
23'A Jan
2
National
2
81
Jan
22
Jan
22
23%
Dec
18% Feb
10
Sep
85% Feb
16
94
Jan
Feb
11
26% Mar 25
y4 Mar 10
■
Jan
20%
20%
20%
20 y«
20%
41
41
22.200
40
41
41
42
42
43
43
17%
17%
18
17%
18
173/a
18
17%
17%
91%
91%
91%
92
92
92
*91%
No par
*91
Cast
171
169
*139%
142
*140
Co
142
No par
8
Feb
31% Jan
Dec
106
Mar
87
Feb
11%
Dec
13
Nov
11
Mar 25
95%
Dec
35% May
22% Dec
*87% Dec
17%
Jun
108% Jan
44%
Dec
Oct
230
Nov
Feb
20 V8 Feb
36
■!-.
York
Air
12% Feb
11
15% Jan
5
New
39
Feb
10
51% Jan
9
N
Chic
121
Feb
11
136%. Jan
6%
5
9
15 Y4 Jan
20
3
21
Jan
19
54
Mar 25
19
255
Mar 18
62%
290
Jan
Feb
Mar
49% Jan
200
Jan
N
9
28'A
92%
N
15%
Nov
Sep
20% Feb
25:
Dec
107
Mar
86J/2 Jan
10% May
91% Feb
16
Sep
14 % Feb
18% Mar 24
Jan
V
23%
Nov
100% Aug
25%
30
Dec
53 V*
Jan
56 y4
Dec
64
Nov
26
Dec
30'A Sep
33% Jan
16%
Dec
6% May
Dec
83%
25
Dec
13% May
79%
Dec
11
Aug
Aug
19 y«
33
10%
Feb
115%
30%
Jan
Nov
22% Feb
com
8
36 y8 Jan
18
61% Jan
25% Mar 18
28'A Jan
;
55
Feb
14% Mar
8
preferred
29% Jan
12
21% Jan
5
Elec
2
11% Jan
13
17% Mar 20
25%
Oct
x21»A Jan
14
27 % Mar 22
Jan
33% Jan
90
2
Cum
jj
Natural
$3.60
800
No par
100
13%
14
14%
14
14%
39,700
44%
45%
45
46i/4
451/4
46
130'/2
130%
130
129
121/4
*20
Jan
Jan
7
Norwalk
Tire
Jan
5
Norwich
.
f per share
t per share
NEW
Highest
14%
50
128 %
12
".
*52
54
*52
255
*250
130
128%
12
*20
255
22%
St
23'A
8.600
130'A
1,200
12'A
4,400
12
12'A
21
*17
21
54
*47
54
54
*248
255
*248
100
54
255
255
89'A
89'A
23%
23%
90
90
16%
17
85
86%
86%
*85%
86%
21%
21%
21%
♦21%
23
32%
*313/4
333/4
57%
23
•
16%
,
/
24%
300
10
;
241/s
233A
24%
90%
90
90'A
240
18'A
18%
18%
18%
12,800
85
90
24%
*89%
90
17
85%
18%
85
100
*20'A
4
31
31
*31%
25
56%
57
57
57%
56%
25
*25%
26
26
26
263/a
15%
15%
16
12%
1
12%
12%
16
12
"6.100
10
29 %
29%
29 %
153/4
12
57%
27
31 %
323/8
200
57%
58'/a
10.100
*26'A
'*■.
153/4
15%
200
27
1,200
153/4
15,100
121/4
15%
48,000
19%
20%
19%
12%
83
291/4
29'A
29 3A
29
29'A
8,400
19%
90
12
83
20'/a
193/a
203/s
19%
20 »A
31,300
89'A
893A
893A
*89%
20%
89'A
12%
83
29
2934
100
Co
'82
83
*
32%
57
140
22'A
22'A
32%
*26'/e
80%'
*85
27
89'A
83
•
*21%
27
15%
%
50
83
*82
12
*82
40
84
(Minn)—
No par
common
Rubbw
YORK
5,600
14%
46
21
53
*89'A
50
8934
50
17%
16%
17
163/8
17
16%
16 7/8
16'A
16 3A
30.700
27
26%
27%
26i/2
263/4
26%
263/4
26%
26%
7.800
34'A
.
34'A
35
343A
35
35
35
35
No par
Co
5
90
16%
26%
10
25
34%
35'%
330
5'A
5%
53/4
5%
5%
*5'A
53A
*5%
53A
600
11%
11%
11%
11%
11%
11%
11%
113A
11 3/4
700
5'A
*11
2.50
STOCKS
Range since Jan. 1
14%
47
12
260
10
Pharmacal
Lowest
14
45
*20
:•/
53
2.50
4.6%
7
Highest
:
129;
128 3%
12%
22%
*248
100
Co
Int
36
Year 1947
• per share
<
No par
series
Airlines
Range for Previous
210
38%
Corp.—
Gas
13
12
2,600
253A
Co
8
Mar
85
25'A
Aviation
Ry
3 600
22%
*37%
preferred
10% Mar 18
5
491/4
22
*83
38
cumulative preferred
Northwestern Telegrapg
,
48%
223/4
85%
25
Pacific Ry
pfd
48%
22%
38
A
Gas
Central
Northwest
48%
*83
24%
& Western Ry com
Adjustment preferred
Mar 19
84
38%
Norfolk
Northern
23 rx
83%
40
25'A
50
Northern States Pwr Co
81% Jan
13% Feb
18% Feb
Lowest
St
cumulative
Northern
■
49
22%
86
ll3/«
94
24%
State
American
11
48 3A
22%
11
94
•♦38%
Co
series
American
11
49%
13
6,600
111/4
95
*93
38%
& Light 3.90% pfd__100
Shipbldg Corp partic stock
1
Northern
25% Feb
11%
11%
95
92%
25%
Power
North
16% Feb
400
*91%
25
Y
5
17
29
92%
& Hart RR Co—
5%
12% Mar 17
Jan
20
29
29%
7 *38%
12'A
North
17% Jan
2
82% Mar 10
*28%
*91%
nv*
1,000
1,000
37%
14%
21
87
3
Jan
&
283A
92%
*93
16
14'A
103
25
Noblitt-Sparks Industries.
Nopco Chemical Co
5
28 3A
11'A
1.400
>101
*91V*
95
460
37'A
12
$3.75
*151/2
*14
143/a
103
500
87%
24%
Y
11
Feb
45%
Dec
6
153/4
-
911/4
:: 84
21
Y New Hav
*14
*101
49'A
84
100
common
RR
15%
16
14 3/s
103
-
22%
21%
84
No par
Harlem
16
14%
*101
*87
2.600
23,300
l
N
22
23% Jan
Apr
Dec
6%
Mar
87 % Jan
4
102%
22'A
Jun
12
2
Jan
20 y8 Mar
33 Vi
V*
81
Oct
2,100
28%
11%
49
21%
'
No par
Dock
non-cum
N Y
5
1.000
10%
%
No par
N
80% Dec
13'A
10%
14%
101
*93
48'A
1
100
Louis Co
St
Preferred
13
26%
13'A
103A
91 »A
11'A
preferred series A
<b
26'A
133/8
11
28%
::
96
York
$5
N
St
11V«
*93
City Omnibus Corp
Y
New
12
84%
25%
28'A
*91'A
_10
York Central
Dec
Dec
11% Mar
26
13%
16
"
Brake
50
Feb
25%
*10%
16
preferred
137
Aug
881/4
16%
Newport News Ship St Dry Dock
26
87
13%
New
20%
89
25
9
Y
23
13%
25% Mar 25
5
22%
25
41% Jan
11
Meb
22%
♦10%
Newnort Industries common
22
4%%
22%
10%
pfd__ 100
12
Jan
23
13%
20
Pr St Lt Co 4%
49'A Mar 22
Feb
Deo
New Jersey
90
'
223/8
25
New England Elec System
8
6
Jan
24% Jan
13
86'A
23'A
10%
100
10 600
85%
23'A
13%
No par
common
20% Mar 10
22%
52
12% Jan
94
3
Newberry Co (J J)
3%% preferred
Q
Yi
23%
24%
14%
2,500
86 V2
13
101
193/s
%
11 ::
14%
19'A
23%
24
16%
1,100
85%
12%
102
30
63/4
\l
10%
*14
83% Mar 23
46%
Feb
24
*100
30
142%
63A
85
90
1
Feb
12
May
11% May
19
Apr
38
89
preferred—100
serial
conv
Feb
32%
102
32% May
80
x90%Feb
12
90
t
3 500
142%
6%
19'A
19
120
33%
174
241/4
85
No par
Corp
144
63A
:
>
1
Newmont Mining Corp.
26
May
18% May
10
13
98% Jan
X27% Mar 12
98
19
33%
*172
%
23%
*89
_10
Fibre Co
Co
•341/4
173
*141,
'
6%
No par
Vulcanized
4%%
22%
22%
.
'
89
22%
23%
•
171
500
8,100
93
♦231A
24
851/4
6%
18%
85
10
Neisner Bros Inc common
24
Co
.7
12
841/2
24
>.
100
142
-18%
%
'
U
84
23%
25
com
18'A
18%
*%
174
142
6%
34
34%
♦169
6%
7
18
No par
Nehi
Jan
7
;
No par
Corp
Ref Co
33%
169
Corp—.—1
ex-dist
♦91
33%
*169
100
B
preferred
Tea
331/4
33
100
Supply (The) Pa
National
-s
32%
'
10
common
A
Lt
&t
17
27'A
9,600
40
6
14% Jan
4.300
27%
25%
1
Co com.
19% Jan
104
12%
2 300
15% Mar 17
16
12 'A
9,700
Feb
26
12%
16%
24%
Feb
12%
27%
Natl
13»/4 Feb
12%
16 '/a
Natomas
100
12%
271/a
26
Feb
12%
28
16%
13% Mar 23
July
121/4
27%
12 y8 Jan
18%
13
11%
4,200
163/8
12
38
12%
11%
6%
27'A
10% Mar 20
107
13
16%
Feb
Feb
123/4
28
Jun
28% Nov
63/4
12%
16 Va
17%
105
6%
12%
27%
13%
18% May
13% May
6%
13%
20
11
Mar 16
6,200
2,700
6%
12%
6'A
16%
29%
x22
61/2
6 'A
13
20%
20% May
12% Dec
Dee
6%
8%
39
leys
Steel
4% %
"2,100
8%
38%
2oya
National Sugar
Nov
28%
22
8%
38%
16
Stl
Power
91V* Jan
95
100
St
Mai
*21%
22
200
6%
5
Service
2
12% May
Mar
Linen
Nat
7,200
171
38%
-
300
28 3/8
170 "A
83A
39%
'
20 i/s
preferred
Natl
*21%
9
28
4,400
9,000
,
FRIDAY
15%
Co
Jan
74% May
21% May
88
Lead
6%
19% Mar 25
21%
0%
38%
28'A
170 i/s
CLOSED
20
preferred
National
2
21%
81/4
39%
8
281/a
*169
EXCHANGE
GOOD
12%
No par
Prod
preferred
7%
142% Mar 25
I'
21'A
38%
20 '/a
1731/a
163/4
32
No par
Gypsum
conv
27%
*168
21%
9%
16%
32
& Stamping—No par
Nat Enameling
National
13
35% Jan
11
Jan
1%
Jan
173
11
6% Mar 13'::
Apr
28
if Dec
37% Feb
15%
2bi/a
175
9%
.
16%
32
1
Cylinder Gas Co
Dairy Products
24% Mar 17
Jan
*311/4
1
Co
14% Mar 17
190%
Dec
Container
Oct
21% Jan
9%
16%
31aA
13,200
1
City Lines Inc_.
Jan
Feb
171/B
31%
77/a
38'A
38
■,
153/4
24
9%
16%
31%
*168
2iy8
7%
_10
No par
9%
9%
17%
31 %
27%
27 YB
21
No par
Register
Jan
25% May
Dec
15 Vi
Corp
Corp
23%
107
Dec
9
*
20%
14% May
Dec
136
Jan
;
*
175
*168
_^_100
...
;
9%
151/4
16%
17'A
30%
26%
10
common
38
96
165
9
41% Jan
\
91/4
9%
9%
15%
30%
5
_4
*
Share
at
National
11
26%
Bond
5
6% Feb
33% Feb
Co
preferred
5
Feb
Dec
6
Nat
12
23% Jan
13%
43%
Dec
7%
13
7%
Mar 25
Corp
9 Vs
9'A
9
Inc_;__l
Battery Co_
171
9
Louis—
Fibres
Aviation
National
May
33
Automotive
National
10
30% Jan
20
164% Feb
National
5-
Jan
i
5
St
17% Mar 22
35
Mar 18
Jun
34%
187
10% Jan
Corp
Cliatt &
LOW AND HIGH
STOCK
Saturday
EXCHANGE
Monday
Mar. 20
I per share
Par
I per share
SALE
Tuesday
Mar. 23
< per share
PRICES
Sales
Wednesday
Thursday
Friday
Mar. 24
Mar. 25
Mar. 26
Mar. 23
< per share
I per share
< per share
( per
for
the Week
Shares
share
O
27
Dec
91%
Dec
21
Apr
18
Dec
17% May
93
Dec
7% May
86
15%
24
May
Sep
May
149 Va
38
Jan
111% Feb
35%
-22
Dec
July
27%
27% Feb
17
Mar 12
Dec
8
Feb
118
92
Feb
13%
22% Feb
Feb
107
89
Mar
Feb
Mar 16
Jan
10
14
100
Jan
5
22% Jan
31
32% Jan
5
18
24
Oliver
Jan
10 y. Jan
2
83
Jan
"8
27 y« Jan
99-
26
Feb
May
Oklahoma Gas &
Jan
Jon
9% May
17
\ Jan
80
Jan
July
147
Mar 17
Mar
'
Jan
154
Jan
8
23
Jan
5
17
89
Feb
27
73% Jan
2
15% Jan
17
56% Mar 19
16
Sep
19
Feb
11
Feb
11
13% Jan
31
Oct
62% Feb
11
71
Jan
12
40% Jan
7
13
46%
Oct
34% Feb
13
15% Mar 20
Dec
50% Nov
.
25% May
*89%
Dec
131
62%
Jan
39% Feb
129% Jan
Dec
168
Feb
7
Feb
;
3% May
21% Jan
59%
Oct
I
4 % Dec
7%
Feb
\
8% Dec
14%
+
'
Feb
13
May
i 40%
Jan
55
Nov
90
Dec
5% Jan
109
Mar
!
18
July
9%
Feb
5
19% Jan
36% Jan
19
31% Mar 22
% Mar 17
43~% Jan
30y2 Mar 17>:
30% Feb
*33%
11 Mar 22
37
Sep
2
.Dec
33%
Dec
28% May
7
Dec
8% May
32%
Sep
38% May
5% Dec
7
Apr
13% May
For
109
July
2
41% Feb
4
y8 Feb
11
13
147
8
Mar 18
5% Jan
8
53 Va Jan
15
5
' Jan
2
92% Jan
12
6% Feb
11
8'A Jan
21
24% Mar
2
Mar 16
43
Jan
28
Mar 16
34%
Feb
24% Feb
14V2
Feb
11
6% Mar 16
9
Feb
24
12
95% Mar 25
10
5
102'A Mar 24
•
Jan
8
13
2% Mar 22
33% Jan
2
29% Jan
8
*146
29
28%
i9
■
*19%
.
;
13
Park
Utah
Parke
'
_10
Parmclee
common
preferred
400
13
15% Jan
2
Penn
11
19
5
Penn-Dixle
Coal
&
3,900
140
149
149'%
12%
;
x
19'%
59%
-
::
1
_lo
:
13%
*13
;
■;
*i6iA
12%
*12%
*66
39%
*37
38%
16'% " "
,16'A
*66
31'A
149'%
20
19'A
300
87%
87'%
61'A
61%
31%,
31%
31%
x30%
J3
-89%
s'
*145
'
49%
32%':
•
5-'.
901/2"
i9«r
>
'■
w.
V-
6,000
/■ 7200
'
.170
70
"70
39'%
16'A
"I
31 »A
31
3 I3/.
,13,600
30%
13
*483A
,31 y8
31
31 '/a
2.700
11
201,700
.
f-
*15%
,
32%
90'A
90'A
:
f
."300
33
-
,
48%
49
/■ 49
••7 32%
■
13
13
'.y.<
49%
32%
51/8
50'%
51%
fV;: 4%
.
1451/4
4%
4%
....
:
-1-
•
483/4
1,100
33
34'%
2,100
90%
'
145'A
146'%
'
12 3/4
38%
38%
■
'
4%
:
13%
:
'
n
49%
32%'
89%
u
32
13%
*66
:..»■
,
30
;
30 3A
31'A
49 V,
■
-
12%
12%
*15% -16
31%
'
3,500
*18'A
70 ;
;•
V- 38%
16'A
32'A
400
29%
.,♦147
13%
12%
70
20
291/4
61%
*13
12%
70
10
J *
20
v
11%
60%
60'%
2,000
87%
19%
*85
87'%
FRIDAY
146'%
•
•
43/4
90
146'%'
v"
i
90
144
*
5
*90
145
♦144
146
5
5
4%
5' ?: •!
?70
•
130
2,700
'
51
513/4
2%
,
4%
;V. 4%
10
9%
:
.
'7-'9%
i
7'V- 51
43/a
10'A,
10
52%
,
/
52.,
52%
,
4%
4%
4'%
10 y«
151/4
*14 V*
50
503A
51
53 V*
52'A
*95
95 %
95%
95%
953/B
95%
..
•
•
7%
23'A
*100
15
/
*14%
73/4
8
23%
23'A
73A
23
104
*100
104
8
23%
♦100
15'A
10%
7%
25,000
9%
33.600
15'A
100
52
523A
5.200
953A
953/4
90
3
73A
7'/a
11,300
23
7%
23
104
7.100
4'%
96%
«•
*95'A
23'%
9%
*14%
52%
52
*14
52
43/8
15%
93/4
53
15
52
23%
23%
1,100
1
20%
20%
20%
21%
37
37
37
37
•,
21
'
38
,
21%
38
103'%
20
21'/a
21%
21%
213/4
41,000
38
38
38
38
102
1
v". 2%
2%
2%
23A
28%
28%
28%
28%
28%
2.50
*26%
271/a
*26'%
27'%
*26'%
No par
6%
,
2%
2%
29
27%
•
1021/4
♦100
600
2%
8.600
28 3A
28%
28 5/s
28%
4,500
*26%
27%
*26%
27i%
2%
,
2 3A
2%
1.000
63A
7
7%
73/8
71/s
8
10'A
10%
11
11'A
11
11'A
*103/4
11%
11
11
No par
Co_
Cement
1491/2
19%
*85
No par
Co
*31%
32%
32
32'A
32%
32%
33%
33'%
33%
33%
39'A
39
39'A
383A
39 'A
38 3A
39
6,100
8
5,900
No par
Coke
11% Feb
♦146
GOOD
'
Airlines
15% Feb
EXCHANGE
CLOSED
9'A
*89% <91
29'A
20
l
Penn-Central
Oct
20
29
31'A
89%
,.100
100
Inc
Jan
Feb
20
28%
16'A
X 48%
: 32
100
Car______fc__No par
Transportation
(J ci
20
28
60'A
9
r
20
,
32'A
•
43
Pennev
:,C;
29
15'%
No par
Airways Corp—
St
-90%
32 V*
.25
No par
Consolidated Mines
Davis
90%
871/2
12%
'
§1
Corp
convertible
91
12%
\
•12%
12%
*31%
6% preferred
Pacific Tin Consolidated Corp
Pacific Western Oil Corp
4%
♦89'/a
,59%,
59%
*12
••
;
Paramount Pictures
Park St Tilford Inc
91
87%
88
59
Rights
American
9'A
'
Pacific Finance Corp of Califs
Motor
8%
'
B
Pacific Gas St Electric
Packard
9
149%
*146
149%
•
•
8%
"21
*20
:■
*37
38% Feb 27
5% Jan
2
21 jfc
•
'
39
Patlno Mines <fe Enterprises
26.
*89%
*38
16%
page
V 91
No par
Penick & Ford
Jan
96
non-cum
24%
see
25%
95
preferred
Jan
8% Mar 22
25%
95
9
*66
Parker Rust Proof Co
Jan
25%
95
69%
11% Jan
Mar 17
■,
18
*17'/a
25%
*67
Pacific Telep St Teleg
18
94%
No par
Issued
♦171/s
25%
non-cum
When
18
94%
preferred
37
31
20,600
25
28'A
Pan-American Petrol Sc Transp
8
Panhandle East Pipe L com—No par
4% preferred
:
100
Panhandle Prod & Refining
1
Paraffine Cos Inc com (new) _No par
2
310
31%
94%
*20%
10
53 % Mar 22
Jan
99%
25%
9
1st
16% Jan
97
33%
31%
94%
"
.12.50
46
Feb
33%
9.9'A
,31% '/
25'A
2nd
-
.*17
18
31%
9'A
19
Pan
5
33'A
99'A
*98%
93%
*89
1()
10% Mar 22
21% Jan
footnotes
100
8% Feb 27
13% Mar 16
Feb
*17
,
25
*85
Pacific Amer Fisheries Ins
Pacific Coast Co common
31%
9'A
2.50
Owens-Illinois Glass Co_
97% Jan
10
33
98%
31'A
24%
No par
89% Feb 27
40
Feb
Mfg
98'A
32'A
•
6
100
St
Co
Lighting
Jan
33'A
331/4
98%
93%
>-
100
No par
Mills
11
Jan
No par
preferred
Pacific
10
48%
6%
Outboard Marine
Outlet
Pacific
4% Feb
33%
98
31%
18
*17
pfd_—.20
common
15
18% Feb
15%
Elevator
12
34% Feb
Nov
Otis
Jan
Jan
15 y8 May
4%
31'A
preferred
(The) common
8 %
convertible preferred A
Oppenhelm Collins
54
Jan
38 y8
Elec
common
35% Jan
134
*32%
99
31%
*98%
Corp
13
Feb
32%
Jan
100
—No par
convertible
47% Mar 16
53 y2
4'A
Corp
4%%
30
22
96% Dec
19% Dec
8,
Oil
Omnibus
29
80
11% Feb 27
33 Va
*32%
preferredCo—
18% Jan
20
93
Edison Co common.
4.40%
Ohio
27
28%
10
1
12
Feb
163'%
50
9
25
.
Jan
Feb
19% May
Nov
11
;■>
Ohio
"
Mar
33
33%
84
68
33% Mar 25
100
28%
Oct
Aug
10
92% Jan :2
26% Feb 11
Corp
Corp
Co
39
39 '/a
39
1
8'A
8'A
8
10
14%
7
16%
%
8%
14%
14%
16%
16%
*7'A
8'/a
8'A
14%
133A
14'A
*13%
17'A
17'A
17'%
16%
8
7'/a
8%
7%
8
73/8
4,100
900
14
13%
13 5/s
1,100
163A
163A
17 '/a
3,000
•
Volume
Number 4685
167
THE COMMERCIAL
NEW
Range for Previous
Lowest
I per share
/'v.. \:i* Range
Highest
i
t per share
29
Sep
36
117
Jan
18
Dec
22
,
Apr
Dec
since Jan. 1
Lowest
•
*107
Jan
33
Jan
12
112
Jan
14
5%
19% Jan
5
Penn
5
26%
Feb
16% Feb
27
Jan
41
Feb
20
Sep
103
Feb
19
Dec
55%
Nov
Jun
101%
Feb
...
Feb
/
81 y*
6
>
22
May
22 y,
'
23
May
99
Dec
34
45% Jan
6
90
Dec
Peoples Drug Stores lnc
Mar 15.
Peoples G L A Coke
(Chic)
5
Peoria
Co
5
Pepsi-Cola Co_
•9% Feb
30 y» Jan
22
7
Jan
107
11
4
11% Jan
4%%
14% Feb
2
16
Jan
47
Feb
11
58
Mar 23
Dec
40% Feb
13
48 y« Jan
Feb
50
109% Aug
5
95%. Mar
100
Pfizer
5
53% Jan
5
•'
13
27%
Jan
21% Feb
26
23% Jan
5
29%
Jan
22%. Jan
26
25 y» Jan
2
Dec
120 'A
Aug
Jan
21
110% Jan
2
Dec
109%: Aug
Jan
28
$6
91v
~io%
May
16%
Oct
21
Jan
35%
Nov,
85-
Dec
25.
Dec
85
Dec
Apr
43
81
Jan
93
50'/a Mar
12
16% Jan
33% Jan
Feb
2
90
Jan
13
25% Mar 16".
28% Jan
10
92% Mar 12
Mar
; Jan
26
22
90
Feb
21
62% Jan
2
12
Feb
10
13% Jan
13
Apr
99%
Dec
96%
Dec
96%
30% Feb
25
34% Jan
5
99% Feb
7
103% Jan
8
16%
Mar 25
(
Oct
10
Feb
U%Feb"n
88
Dec
18%
Jan
32%
Dec
16
Dec
16
Dec
Aug
169
Aug
145
163%
Nov
203
32%
Apr
165
1
7
102
Mar
'85
,
26
Mar 17
90
Mar 16
-
11
Jan
26
149
Feb
16
163% Jan
Feb
20
39Jan
Nov
8
Feb
13
10
Dec
10% Feb
11
14% Jan
140
Oct
84%
20%
*
17 V* May
140'
Sep
Jan
27
73 y» Feb
Oct
28
71% Mar
9
Dec
15
Feb
13
Jan
200
145
Jan
9
28% Jan
22
38%
Oct
140
-
Jan
80 -Jan
21% Jan
145
17
10% Jan
49% Jan
9
19% May
11% May
35%
Oct
29 Mr Feb
14
35
19%
Oct
12% Feb
13
12%
15%
Nov
12% Jan
28
15% Jan
9
13% Mar 24
16
Feb
8% Feb
27
liy4 Jan
9*
34
"
102%
*
*104%
105%
*104%
54
•
»107»/4
55%
58
56
56%
55%
57%
46%""
47%
46%
47%
47%
48
47%
48 f
52%
96%
96
22%
25
105%
10%
107%
52
52
*52
52%
96
97
•95%
97
*95%
22
22%
25
21%
*24%
22 Va
25
22
*24%
22%
25
108 V*
108%
108%
97'/4 " 97%
*96%
98
106
,
107%
*96%
15%
"97
2J%
30%
*84
107%
97
15%
108 V4
97
-
52
25
30%
*84
85%
25
5,500
-
200
108%
450
300
r
;
15%
15%
15%
15%'
15%
30 y2
30%
30%
30%
30 y2
85%
,85%
*84
•85
86
27%
27%
28%
y«
28
28%
94
*89
94
*89
*83
86
*83
86
*83
86
*39%
41
*86>/4
88%
60%
61%
'
9,100
60
28 Va
*89
94
♦83
12,300
•
86
"
40%
41
_5
87%
60%
f
'
90
5,400
86
28
94
r
80
15%
V
86 ; '
27%
410
*
*89
,
52%
-
'29%
15%
29%
27%
26%
No par
.r
•
1,100
5,300
97
%
107 Va
97
4,000
28,100
22%
*24'/t-
-
15%
!
"
61%
♦12
13%
preferred.!—Nq par
Coal Co
.'
1
41%
42%
43%
*86 V4
88%
•86 V*
88'/2
60 VA
60%
60%
,41%
*12
•
44
45
*12
13%
14
*12,
32%
-
1,000
*86%
88%
61%
62%
62
*32%
'
14
*12
14,100
14
Mar 15
100
No par
No par
Potomac
Mar 11
87
Jan
12
$4.75
X90
Feb
157%
35%
35%
8%
8%
; 8%
12%
8%
'
130
7
6%
Co_
9
7%
73%
73%
■;17 /I''
8%
*142
5
111% Jan
53
5
29%
Dec
X25y8 Feb
5
30% Mar 22
106%
Oct
109%
Jan
101% Feb
13
107% Mar 24
24%
Dec
36%
Feb
x25
11
Dec
Feb
x21% Feb
25
31
Jan
5%
24% Jan
Range since Jan. 1
Highest
Lowest L
$ per share
NEW YORK
Highest
t per share
*84%
28%
30
17
17
17
2,300
86
29
17J17
30
6,200
,
♦146
154
*146
154
158%
*157%
158%
35%
35%
35%
35%
8%
8%
8%
8%
3,900
5,200
13%
4,800
13%
13
,
46%
45%
34
33
14
14%
14%
.13%
13%
13%
9%
9%
9%
75
75
75
17%
18%
18
18
♦142'150
150
*142
35
36%
*10
10%
•10
10 Vs
47
47%
45%
47%
'
*32
14%
14
14%
13%
13%
13%
9'/2
9%
9%^
9%
34
*32
34
."v:,;
60
i"
35 y4
45%
13%
_
300
14%
13%
•
9,000
34
14
13%
9%
-
,i
7,200
800
6,300
9%
8,200
-
*31%
33
;
>'*
'f
64%
22%
21%
22%
84%
•J: 85
%'"34%
85V2
84%
>
35%
96%
95%
•.
V
95%
22
22%
85%
300
65%
85
35%
36%
22%
22%
95
3,500
10,500
85
34%
95%
96%
.
22%
32
''
22% "22%
34Vz
22% .♦ 22%
v;
G5
34%
65
22% ""22%
32
65 y4
22
85%
32
65%
35%
-
32
65
*31%
*31%
65%
22
'65%
22%
95%
680
2,300
7,100
96
930
106%
106%
105
106 y4
104%
1051/4
104 y4
104%
103%
104%
117%
118%
117%
117
117%
117
117
116%
117
134
135
134
118%
134%
132%
132%
132
132
130%
131%
111
*110
*109%
110%
110
110
♦109%
110%
,
*110
45%
46%
29%
29%
100
*105%
No par
26%
108
46%
45%
45%
45%
46%
45%
STOCK
30%
29%
301/a
29%
30%
29%
109
22%
22%
107%
107%
*106
27%
27%
27
27%
1,100
22%
22
22%
22
22%
1,600
109
i*27
22%
Monday
Mar. 20
Par
Tuesday
Mar. 22
$ per share
10
Mar. 24
$ per share
108
200
PRICES
Wednesday
Mar. 23
I per share
6,400
57,100
27%
*105%
27%
820
880
30'/a
26%
Saturday
EXCHANGE
'
46%
' 29%
*105%
22
"
410
45%
i
'26%
22
111"
LOW AND HIGH SALE
tper share
150
1,700
33
10%"
"
V
♦14
9%
'32
75
*31 >/■
13%
l
80%
32%
45
*
33 "
80%
150
*10
-46%
,
80%
17%
32 Va
10 Va
80%
75
*142
32%
*10
bo y2
80%
150
32"
,/
.—100
i
~10
♦141
*141
17%
•34
22
13
13 Va
*73%
.46
65%
/
•
18
10%
32
8%
13
75
*142"
33%
14*
v
6,600
•157%
8%
STOCKS
Year 1947
86
28%
35%
*141
.'•■
Quaker State Oil Refining Corp__ 10
5
Range for Previous
*84%
loo
Purltv Bakeries Corp
5
14 y8
100
:
preferred
conv
13%
158%
13%
*10
Pub Serv Elec A Gas pfd $5—No
par
Pullman lnc—
No par
Pure Oil (The) common
No par
2
Jan
14%
154
17%
.
150
32%
5
com
preferred
40% Mar 17
14
V*
29
35 ;
75 :
17%
No par
lnc
preferred
12
270
110
*146
80%
10
com—
preferred
119% Jan
135% Jan
700
99%
*98
*157V4
80
97
108% Jan
33%
99%
;
'
79
95%
6
109% Mar
Feb
.V
:
154
*130
.
*78
23%
11
Feb
13 Va
;12%
*13a
35%
16
•
xl27
110
-
•
83%
Feb
102
Aug
146% July
114% Feb
*146'
22%
111% Feb
120% July
$5
: 33
99%
*98
85
15%
157%
35%
1
;
preferred
97 y2 Jan
15%
159%
Service
11
14
14%
14%
153
Pub Serv
Aug
85
4
"I 28%
29%
23%
83%
23% Mar 20
33
99%
99%
99 V*
86%
*84%
34%
Public
6
14
29
No par
36% Mar 25
-
Feb
i
85%
'
Co of Colorado—_20
Corp of N J com__No par
preferred
No par
15
20
14
34%
preferred series A__50
cum
32% Jan
r
14
*157%
No par
Procter A Gamble
Feb
14
'13%
5
Power
Publicker Industries
Jan
110
5
8
81
100
•
Electric
conv
•; *96
.
♦146
1
1
Pressed Steel car Co lnc
4%%
100
(The)
Pond Creek PocahontasPoor A Co class B
:
.
'
,
'
prior pfd—100
conv
110
•:
-
"
100
ser
100
*96
::
85%
.—10
100
1st
;99%
•
13%
'
32%
30%
30%
99%
*96
1
preferred class A_
9
Mar
32
*99%
'
'
preferred class B
2
Mar 19
Feb
32
25
—_
Jan
24%
15%
55%
52
*96%
1
common-
23
61%
15%
100
1
71% Jan
Jun
10%
15%
"
16
110%
♦104%
10%
15%
22 y4
22 y8
*24 y4
No par
27
Dec
105%
(10%
51%
*86%
18
Jan
♦104%
10%
15 Va (.15%
'46%
;
62%- Feb
Dec
105%
10%
15%
105%
•
3
com
*104%
10%
96 y«
•
500
30
105%
54 y2
*96
200
FRIDAY
98,100
54%
15
51%
*28
-
CLOSED
GOOD
10%
10%
46 y4
30
*28
30
88i/2
88%
*15V8
10 %
15
s
preferred—;—100
31
127
Lowest
*28%
86
Feb
111
$ per share
30 %
♦83
convertible
25%
Mar
*28%
'
Nov
111
20
30 y4
•2')
100
Hosiery
38 Va
21'/4 May
'
preferred—.:
43
51% May
17
94
71%
k 32% Jan
102% Feb
Dec
16%
*89
cumulative
5%%
16
6
90
17%
,
Plough Inc.,
Plymouth Oil Co
Feb
Jan
30% May
19 y« Dec
17
;
Pittston Co
10
Dec
17%
—100
36 '/4 Mar 25
33
85 %
17%
Pittsburgh A West Virginia-—
Pittsburgh Young A Ash pfd—
5
Dec
Dec
17%
5%
9
Jan
May
17'/a
7%
8
>
Jan
14%
15% May
17%
14%
27
38
57
16%
28
87% Jan >6'-
Apr
33%
*
7%
gtd preferred—
Pittsburgh Plate Glass COi
Pittsburgh Screw A Bolt
Pittsburgh Steel Co com
29
Sep
May
12
Pitts Ft Wayne A Chic Ry com—100
2'
Jan
10
9
*11 Vs
Pittsburgh Forgings Co_
Mar 12
21
Dec
%
Pitts Consolidation
9
93%
12
__J
1
5
34
15
May
$5
30
157 •
t
12
No par
Pitts C C A St Louis RR;
_„100
Pitts Coke A Chem Co' com__No
par
10
Feb
10% May
171
Jan
17% Jan
10%
Apr
11%
common
Pillsbury Mills lnc
$4 preferred
,
31% Jan ' 2'
12% Feb
'
59 % May
67
Jan
EXCHANGE
88%
11%
No par
Phillips Petroleum
5
Jan
May
114
14% Jan
42%
8'/. May
88%
39
'
38% July
108
*87%
*38
88%
Reading Coal St Iron
Phoenix
39
11%
preferred _(
5%
*38
90
No par
preferred
23,600
44%
112%
*10%
100
series
♦44%
*111%
39
*38
18%
44%
*88
-
__—l
common
Phillips Jones Corp
<
Dec
May
45
39
„__100
3.60
5
54% Jan
36 ?
*38
18'/a
4,500
112%
*111%
200
18%
18%
18%
♦44
45
112%
*111
112%
18%
17%
18%
17%
;
#*44
45
38»/2
No par
Co
Shares
30%
12 y2
preferred
4%
18%
*43%
*111
3%% preferred series A^
_10o
Philip Morris A Co Ltd common
5
2'
87% Jan
-87% Jan
Dec
30%
6
83% Mar 17
July.,
•
Jan
Salau for
the Week
$ per share
114
88 y2
preferred
Corp
18
45
18%
18%
30%
*112
♦io%
4.4%
Phlla As
:ic%
18%
18%
18%
31
114
•112
10©
preferred
Phllco
18%
f.
•29%
32
114
*87%
4.3%
5
84
Friday
Mar. 26
Mar. 25
I per share
$ per share
1
3.8%
30
22
87
63% July
18
Feb
Jun
19
Jan
Feb
101
21
Jan
Jan
43%
109
1
Mar 25
14
98% Mar
Dec
88
106
28
-)
Thursday
Mar. 24
No par
$1 preference common
97% Mar 24
105% Mar 25
*29
*112
♦36
100
A Co lnc
Phila Electric
31
114
112%
.
13
Dec
104
PRICES
Wednesday
,_100
preferred
(Chas)
31
*112
♦43%
•111
Phelps-Dodge Corp
2$,'
Philadelphia Co 6% preferred-—50 ;
9
Jan
Dec
95
SALE
33 %e
Eastern Ry
2nd
31
18%
•
:
•
'Petroleum Corp of America
5
Pfeifler Brewing Co_
__Nopar
5
Oct
A
Pet Milk Co common
6
-\Mar
Jan
Mar
HIGH
114
,
18%
6
13% Jan
99
*27%
No par
24 % Jan
23 y.
111%
Light Co
4
21%
'
Power A
17
27% Jan
Dec
59
$ per share
*112
100
10y8Feb
48%
Dec
97%
16
18
May
36% Apr
I per share
t per share
p»i
i
50
Pennsylvania Salt Mfg Co com—_10
3%% conv series A pfd
100
12
Jan
62 >/2
Jun
.49%
Jan
47 y» Jan
118
com__No
preferred
15% Mar 19
Jun
12
8% May
13 Vi
37
Mar. 23
AND
'
Penn Glass Sand Corp
86% Feb
Jan
108 ya
20
"
37% Mar 17
34 y« July
Dec
Tuesday
Mar. 22
Mar. 20
Par
Pennsylvania RR
11,
51%
V
V'
■
18
118%
;
Monday
LOW
•
14
18 ya Feb
,
V
Feb
Dec
45%
Saturday'
•'
23
RECORD
;
"
(1379)
STOCK
STOCK
EXCHANGE
Jan
112
May
Dec
NEW YORK
tper share
38
15%
YORK
CHRONICLE
'
t per share
29,
i
'>
Highest
111
;
FINANCIAL
STOCKS
Tear 1847
V
&
Thursday
Mar. 25
<
Friday
Mar. 2#
f per share
9 per share
S per
.
share
8%1m for
the Wgeh
Shares
R
7% May
68% Dec
-•
I
8%
94%
10%
Feb
7% Feb 20
10% Mar 22
80%
Dec :;
Feb
63% Feb
11
Jan
7% Feb
27
Radio
70% Mar 24
15%
Dec
8% Mar 22
105% Mar
92
Feb
18
98
Jan
41
Feb
28% Mar 11
32
31% Jan
9
Dec
22% Feb 20
32%
30% Jan
5
38%
Feb
31
July
Dec
16% May
22 Va
37
Dec
Nov
39
9 %
28
16% Feb
48% July
33
Jan
20
34 y, Jan
2
Jan
10
31
July
39
Feb
16
34%JTan
24
12% Feb
4
May
18% Feb
96
Oct
108% Mar
Jan
II
21
105
Feb
25
May
16%
Feb
11% Feb
11
13
Jan
2
Dec
14%
Nov
10% Mar 18
14% Jan
7
22% Mar 11
25
12%
29%
Feb
Jan
Feb
10 % Feb
27
11% .Tan
62% Jan
14
64
Dec
17
Aug
96
Nov
102
Jan
24 y2
Jan
33%
Oct
4% May
3% Dec
'■>.*9%
Jan
8%
Feb
v
"■
9%
Dec
15%
Dec
Mar 17
5
X22% Mar 10
6% Feb
10
3% Mar
4
8% Feb
11
22% Feb
11
•
Feb
30%
22 y2 May
101%
11 *
x95 % Mar
Feb
i
113% May
103
Jan
5
97
29% Jan
7
4% Jan
10 y4 Jan
27
9
2
Jan
5
105% Jan
28
30%;
29%
30
29%
29%
26%
26%
26
26%
26
26%
32
32
32%
32%
25
50
:
33
33
33
11%
11%
11%
5
♦102
50c
12
12%
preference——10
11
11
No par
•
16%
7% Feb
11
Feb
Dec
47
Feb
87% Feb
Feb
20% Mar 16
85;
Dec
50%
104
19
Apr
25%
13%
Jan
;
37
-
Mar 16
Mar 18
18
104% Jan
5
10 y8 Jan
5
41 y4 Jan.
2
50
Jan
8
93% Jan 20
23% Jan
6
5%
$1
convertible
preferred
Republic Steel Corp
6f#
31
Dec
Feb
26
18% Jan
2
24% Jan
Drug lnc
Reynolds Metals Co
6Va%
24 y4 Jan
17%
40
convertible
18%
18%
87
87
lo
4%%
conv
preferred
Ronson Art Metal Wks lnc
2
Royal Typewriter
Dec
26%
Feb
14% Mar
3
18 Va Jan
Jun
55%
Jan
May
12 %
Jan
37%
Dec
For
footnotes
see
Page
2
6
Ruberoid
Co
49% Mar 25
10% Mar 22
St Joseph Lead
St L-San F Ry Co
40% Mar 25
Preferred series
26.
*64
64%
10
12%
18,200
v
12%
12%
97
*10%
11%
*641:
12%
96 V\
12%
6
23% ;23%
11%
12%
95
25%
25%
25%
10%
3%
11%-
11%
11%
4 W'v
4
-
<Ay.
*9%
10
25%
25%
104
♦103%
18%:
18%
87
87%
88
6%
6Va
6
96 y4
.97%
47
47
100
6'%
96%
91/8
38%
7,100
87
87
96%
24%
,
•
13,500
6,100
97%
190
9'/a
8%
9%
5,700
37%
38 Va
37%
38%
7,900
*47%
9
22%
47%
48
48
48'%
48%
48%
91
91%
92
92-
93
93
93
93
1,200
21%
21%
47%
91
v.
*90%
21%
21%
21%
21%,-
21%
21%
21%
21%
1,500
17
16%
*■
*
22%
6
-
7%
8
17
17 V*
■
17
17Va
5%
'
-
17 Va
t8;;
*22%
23%
*22%
6
5%
6 Va
V:'/ 6
'V; 7%
8%
-7%
22 y4
*21%
8
'—25
21%
21%
2
*15%
15%
16
17%
17%
17%
18%
18
181/a
*56 y8
57%
58
59%
58%
59%
*15%
15%
15%
15%
*15%
15%
45%
47
46%
47%
*21%
22%
.•
23%
•>
21
23'%
'
16
v
16
;
"
200
9,500
7%
7%
4,100
20%
20%
16 '/a
16%
18 '/2
18%
•
7%
■
21
*16i/a
16 Va
7,300
;
.
6%
6
6'/a
'
;■
80
17'%
17%
23'%
17
24
*23
16%
400
'
600
"
,
46%
9%
10%
9%
10%
10
10%
37%
38%
38%
39%
38%
39%
18
18%
59
59
57%
59
15%
-
15%
15%
15%
r
-■
3,200
1,600
300
V 48%
49%
5,600
ioy«
10%
9%
10%
52,800
38%
40%
39%
40%
21,700
47
47%
No par
vtc—100
v t c
5%
r
6y4
96%:
v-
10
A
18%
87
24
9%
5%
18%
87
24 Va
38 y8
No par
_No par
200
23%
38%
98%
9%
104%
18%
24% v«,
38
.
700
32,800
*103'%
*■
9%
26'%
6Va
•
4,300
9%
24
24% ;
9%
105
1,566
47,000
25%
18%
•
6%
96
9
3%
10 Va
26
r
:
4 ■
*9%
5
com
-
25%
37%
l
Co__ 1
25y4
103%
«
*
400
97
"11'
37%
8%
*96%
97
25 %
;
18%
"
.
%
24
95
■
*96 Va
No par
Ruppert (Jacob)
32% Feb
11
65 y2
66
l
(The)
39% Feb 24
8% Feb 11
•
6%
•
100
Controls
2
64% Jan
6
1
10
series-
Jan
22
18
*86
100
Rheem
Jan
54 Va Jan
100
800
3%
104%
preferred
Robertshaw-Fulton
4
*103 y4.
Common
3.60%
^
104%
No par
com
18
Oct
May
5 Ve
19
23%
11 y4,
3%
2.50
21-
68%
8
*22%
♦11%
4 Vs
*3%
Roan Antelope Copper
Mines.—
14
2,200
11
10%
*103%
19
;Mar 16
30
12%
23
25
9%
19
15% Mar
*10%
200
23
11%
■,
25%
19
17
12%
12%
300
105
11
*
9%
Jan
Oct
*103
:
:
11%
/
-
>it:
25%
Reynolds Spring
Reynolds (R J) Tob class B
Preferred
97
9%
8% Jan
Nov
.12%
25%
7
24%
12%
*96%
f
5
20%
12
97
*96
25 '/a
9
Sep
May
v
300
v.
11%
*63%
•=
*9%
9
Dec
19%
64
10
Mar
22
10% Mar
64
No par
com
5% Mar
15% Jan
12%
23 V*
25%
conv
Manufacturing Co_.
Richfield Oil Corp
Ritter Company
19% Feb
18
42 %
18
May
Sep
18%
63%
50c
6% Feb
23 Va
♦
Feb
44%
34
*10%
10%
Rexall
.
*33
*11%
105
12%
1,400
39
*22%
11 yaw;
23 Va
25 %
2
:
12%
5,700
2,700
*38
12%
*103
900
GOOD FRIDAY
19
18%
60
i
'.11%
11%
11%
11%
9
May
11
*22 %
25%
2
May
,
11
Jan
.
12%
24%
7% Jan
9
12%
12%
32%.
16,100
EXCHANGE
CLOSED
26%
32%
34
:
*11%
105
*103
1
19% Jan
45
104
1
Republic Aviation Corp
Republic Pictures common
93
36y« May
104
26
19
*33
93 V*
'30/:^ 30
v
38
33
33
19
38
*11% > 12%
11%
11%
11%
25
17
Mar 19
/
33
•
19%
38
*36%
22%
*62
50c
$4.50 preferred
Reo Motors lnc
10
92
18 Va
38
*92
93%
1,600
8%
1
20
Jan
106
11%
100
5 % Feb
124
:,
*22
5
82% Feb
May
/ 38
*92
98,400
70
Co—
prior
Feb
90
(;?
18
—100
Jan
24% Mar 22
32%
18%
36%
Apr
27
32
18
32
17%
36%
11%
19% Feb
31%
50
50
39
110
8%
30
93
10
v/.; 9%
70
8%
26%
Jun
15% Feb
70 >/4
29
Dec
Dec
Feb
8%
10%
8%
70
25%
6'/2
24%
92%
9%
69%
10%
28%
19 y4
91
,
May
8%
93%
prior pfd series A—100
Revere Copper A Brass com—No par
5%f# preferred
100
14
69 V*
8%
93%
pfd 3%% series
Remington-Rand common
9
11% Mar 24
9%
69%
8%
93
Conv
' 2
Feb
10%
69%
8%
>
*92%
1st preferred
2nd preferred
A
div
10
69
8%
No par
1
Reliable Stores Corp
Reliance Mfg Co common
Mar 22
14% Jan
(Robt)
$1.25
5
Feb
12%
i-i
non-cum
>
100
Reeves Bros lnc
5
17%
84%
'
Dec
pfd
10%
67%
-
1
Real Silk Hosiery common
7% preferred
Reis
20% May
10 y4 Dec
'62
101
non-cum
4%
6
10% Feb
4%
-
9%
par*
No par
Raybestos Manhattan
Rayonier lnc common
$2 preferred
Reading Co common
■>
9
20y8Jan
36% Feb 24
1st preferred
conv
Ralston Purina Co 3%%
28
28% May-'
17% May
Corp of America com—No
$3.50
Radio-Keith-Orpheum
"l1
48
THE COMMERCIAL
(1380)
Range since Jan, 1
Year 1947
Highest
I per share
$ per share
Lowest
,«
$
per
Dec
68%
Dec
67
Jan
Dec
60 %
Dec
58
Jan
99% Jan
2
57
EXCHANGE
'
$ per share
share
29
5%
Co„100
92
82
82
9
Jun
12
Oct
8
' Feb
13
10% Jan
80
Dec
98 % July
79
Feb
18
83% Mar 25
X20
Dec
26% July
21 % Jan
Safeway Stores* common
108
Dec
114% Mar
17% Mar 19
108
Jan
5
7
2
112% Jan
15
11% Mar 22
11%
Feb
■:"% 8% Feb
10
23 % May
55%
Jan
25% Mar
5
31% Jan
2
40%
Dec
49%
Jan
39% Mar 10
44% Jan
5
92
Dec
103%
Sep
90
Dec
102 % July
13 7k
Nov
18%
83 %
Dec
98% Mar
90% Feb
24%
13% Feb
81% Feb
Dec
19%
43%
16%
16%
16%
11
18% Jan
110
Dec
Apr
24% May
17% Jan
6
44% Jan
12,
Seagrave Corp
11
,
5
Jan
Feb
26% Feb
13
104
Jan
30
11
35% Jan
33%
Jan
•■17% Feb
11
82
Feb
68
Feb
25
14%
Dec
21%
Feb
12% Mar 1?
11%
Dec
Mat
22
Feb
12
24 % May
35%
Dec
28% Feb
6% May
9%
Feb
-
6%
Dec
15
May
38
May
29% May
87% Dec
92 % Feb
10
121
" Mar 22
23
Oct
18
Feb
1J.
21
Jan
62%
Oct
48
Feb
10
59
Oct
;30% Mar 17
102%
Jun
87
Jan
13
89
Mar 18
Dec
35%
Jan
10% Feb
;5
24% Jan
13% Mar
17%
Dec
14% Feb
11,
17% Jan
3% May
5% Oct
42
5%
Feb
3% Jan
8% Jan
24
5% Mar
Nov
54%
Apr
39
14% May
22%
Jan
37% May
40% Nov
56
Jan
4
Feb
,
17
Jan
22
34%
16% Jan
36% Mar 17,
42% Jan
32 %
33 %
No par
No par
No par
22%
*73%
22%
45
California: Edison
Apr
May
50%
Dec
11,
51
Jan
2
Southern
Pacific Co„;
11'
41% Jan
5
Southern
Railway
70
20% Feb
15
May
4% May
7%
Feb
6
May
14%
Jan
73
Dec
93%
Jan
23%
Sep
31% July
24% Oct
16% May
t
f
"
'<
23% Mar 18
20% Feb
29% Jan
28
20
May
17%
Feb
7% Mar 16
Dec
90%
Feb
61 % Mar 17
13% May
18%
Feb
-15% Feb
27
45%
Jan
25
68%
Nov
99
Nov
23%
Dec
83
Dec
17% May
112%
37%
102
Feb
20
Mar 25
Mar 25
104 >
2
Squibb
Jan
$4
29
87
Jan
12
$3.50
20
157k
15%
1,000
47k
3,100
1
11% Feb
10
15 % Jan
2
13
37
May
47
May
18
Feb
11
41% Jan
Feb
16
41
Jan
49
38
37
Oct
12
*-
Jan
34
Dec
88
Dec
30%
Nov
13% May
19%
32% Mar 12
24%
Oct
21%
Feb
May
10% May
105
,
51
July
May
114
Dec
7%
Jan
92
2
•
9
32% Jan
-
12% Feb
11
14% Jan
>
13% Feb
27
18
Jan
731/3
*71
13%
24%
25"
25
25%
257k
27%
28
27%
28
27%
1
1
20
Mar
17
3
8
5
11% Jan
7
Sun
97 i
9
75% Mar
Mar
4
Mar 17
50 %' Mar 19
Oct
113 % Jan
31
■
Feb
/Jan
58
117% Jan
1
25%
25%
25%
No par
*99%
100%
99%
99%
100%
com—No par
25%
25%
25%
26%
25%
Chemical
10
A
pfd
11
11% Jan
2
38% Jan
8,
Sunshine Biscuits
9% Mar
1
11
Jan
8
17% May
101% Jan
Sunshine Mining Co—^
24%
11
22
Mar 25
1
160
May
24%
May
47
Feb
14
Feb
11
1874 Jan
38
Mar 12
43% Jan
6
Jan
21%
Oct
36%
Jun
37%
Jan
27%
28%
20%
Dec
18%
Dec
79%
Dec
5% May
15
2674
27%
11,900
*94%
94%
*94%
947k
1
12%
12%
12%
127k
*33%
40%
*37
12
' "12
34%
12
35
35
93
*91
40
40
38
38
39
>39
127k
127k
12%
*91
*39 %
35%
34%
127 k
93
*91
'
29%
30 %
30%
3074
30%,
307k
3,900
13%
13%
30%
14
137k
137 k
1374
1374
137b
137k
1,900
16%
157k
16
157k
157k
15
15%
5,300
14%
*17%.
18%
18%
18 %
*17%
18%
*17 >/2
181/2
12%
12%
12%
127k
12%
127 k
1274
127k
12%
12%
4,500
187k
187k
18%
32,800
97k
4,700
1
17%
1
T6
97k
18
1
18
96
51'
6l
*115%
*94 7k
,
-
117
97
5174
■
*1157k
117
1074
;
'
3674
10%
10
10%
?
21%
148
217k
150
150
51%
217k
153%
U
97
*96
97
10
52
'.■/•'/
52
1,000
5174
5174
1074
10%
10%
36%
36%:
36 7k
367k
1074
10
107k
97k
107 k
5,400
217k
21%
22
4,600
217k
150
~
21%
2174,
150%
152
151
i7«
50
10
*38
17%:./
17% 7177k
.
39
.
*387s
39
17%
*38
177k
39
'
177k,387k
38
18%
187k
187k
18%
20%
207k
19%
20
197 k
19%
87% Jan
12
85
83 %
83%
837k
83%
84
84
5%
5%
..
1
•
i
>
NEW YORK
Highest
t per share
9% Mar 16
Jan
*83
;
.
5 %
57k
v-
16%
32%
5%
16%
3274
574
37k Feb. 11
147k Mar 16
•52% Feb
14
Saturday
;
4% Jan
18
6
12
Par
Talcott Inc (James)!
Telautograph Corp.:
Jan
8
Tennessee
60 % Jan
5
Texas Co- (The)
L
9
L
2
Texas
Gulf
GUlf
Sulphur!— ^
Dec
29
"
Feb
10
37% Jan
12
5
5074 Jan
10
Jan
58%
Feb
4574 Feb
137k
Dec
15%
Dec
•11
18%
Dec
19%
Dec
"
Mar 11
1774 Mar 15
167k Jan
21
9
Jan
127k
Dec
21%
Feb
10% Mar 17
14% Jan
8
Dec
59%
Feb
391/2 Feb
25
46% Jan
9
12
May
1774
Feb
12% Jan
29
13% Jan
15
Mar 16
10% Jan
8
"
97b May
137k
Feb
Dec
60%
Feb
6%
Aug
14%
Feb
7 % Feb
19
9% Jan
9
1674
Jan
2474
Oct
19% Feb
11
2374 Jan
-2
8
42% Feb
Feb
10% Mar
Jan
39% Feb
Mar
85
Feb
21
3
11
6
47% Jan
9
10% Jan
8
517k Mar 23
92
>
Jan
20
7%
Feb
174 Mar 11
4% Jan
6
39%
Feb
19% Mar 16
27% Jan
'5
18
May
25%
Oct
19% Feb
13
24
94
Dec
108%
Feb
951/2 Jan
2
102
26.
Sub
Jan
2
Mar 25
share
Land
Textron
$1.25
In®
conv
Ry
*9%
97k
*9%
'4%
4%
10
4%
16
16%
167k
55%
56%
557k
5674
4%
*16
55%
div
56%
18.800
1674
16 74
16%
56 Vb
56
56%
56
EXCHANGE
22,600
207k
197k
20%
20 7k
20 %
20%
2174
55
55
55%
56 7k
55%
56
447k
457k
447k
447k
44
4474
1
3174
317k
317k
32%
32
32%
317k
33
33
33
Co—-4—100
507k
507k
50%
*49
5074
50
5074
*49
50
50c
13%
13%
13%
13 74
1 37k
13'/a
13%
11,000
18
18%
600
2,000
19%
,
2.400
CLOSED
GOOD
6,600
FRIDAY
Trust—
L
No par
*49
13%
137k
14
187k
11
*18
187k
*18%
11%
*18%
*11
11%
107k
1
>
50
10%
41%
41%
*12%
13%
8%
8%
8'/a
8%
8%
15
8%
874
8
44%
44%
*43
46
*874
9
2074
*8
9
21
21
*8
%
10
10
*974
10%
com—_No par
49
497'8
50
5174
100
*87
887k
*87
88%
Thompson-Starrett Co
com
No par
cum
preferred-!——No par
Tide Water Associated Oil com
lo
No par
274
'23
,
3%
3%
378
2374
23%
2374
20%
207k
20%
1007k
100%
10074
21%
101
300
41%
13%
8%
,
13
10,200
10%
*40
*125/a
87k
20%
11
13%
*12%
*44%
~
18%
107k
41%
13%
41
18%
*12%
41
*127k
41
18%
U
%,
*4074
*3974
No par
preferred-—-
R)
preferred
600
2,200
557k
preferred
$3.75
47k
167k
45%
•
$3.50
400
10%
*4%
1674
19%
Co common.,
(J
for
Shares
45
common
Products
Sales
the Week
55%
Avenue Transit Corp—No par
Thomas Steel'Co (The)—1
4%
*974
share
Friday
Mar. 26
I per share
197's
Third
Thompson
Thompson
Mar. 25
557k
preferred
conv
40
3,200
47k
*4%
4%
4,500
5%
Thursday
$ per
10
10
10
4,300
20
PRICES
$ per share
/
18%
84%
457k
Fair-—_!
$2%
57 k
300
3,300
4574
.
-
Thermoid
'
•
200
16%
327k
55%
l
Thatcher Glass Mfg Co common5
$2.40 conv preference
—No par
The
57k
Mar. 24
Mar. 28
16
19 7k
*83%
V
Wednesday
Tuesday
$ per share
:
57 k
SALE
17%
18%
xl7%
15%
32 7k
32%
32
3274
*
"15 7k"
15%
10
ctfs—
Texas & Pacific
15
41
Pacific
*
'
38
!
_No par
Texas,Pacific Coal & Qil_!
Texas
16
$ per share
*974
25
producing
Texas
2
Feb
32%
Mar. 2'i
*4%
■
5
L—_
17
-
I per share
5
1
Corp
:
Monday
Mar. 20
tper share
10% Jan
*15%
LOW AND HIGH
STOCK
Jan
page
.32 7k
; 32%
EXCHANGE.
46% Jan
see
.
16
Stocks
Lowest
2.400
3,100
1774
1674
387k
177k
18%
16
>
25
Symington Gould Corp
2,300
159
154
"
.
'
20
8
41.000
1074
36%
19%
6% Jan
'
107k
357b
10%
-/%
1874
4% Mar 12
'
117
*115%
117
*1157k
117
974
974
97
*94 7k
51%
107k
117k
35%
10%
25
! 97 b
*115%
1074
36
2074
18'/a
974
*94%
5174
107k
—i! _10c
187 k
97k
10
36
par
18%
18%
9%
200
177k
17%
'
9%
96
;
'■ .15%
Sylvania Elec "Prod Inc coni—N6 par
$4 preferred
l—
No par
Feb
5,100
93
29%
29%
13%
500
3574
34%
*91
93
'
29%
200
900
13
*12%
°4 %
35
*91
93
40%
37%
•37%
;
3,700
127k
*39
40
38
39
*37%
127k
12%
12%
12%
12%
94%
*94
9474
*94
12
39
/ .38
*94% "94%
Swift International Ltd—
23
footnotes
271%
5
56% Jan
For
267k
8
13
May
19,400
26%
Jan
27
374 May
20,700
74%
26
Jan
171/2 Feb
20
407k
74
27%
21
68% July
16%
3974
74%
26%
22
Feb
59%
40
73%
26%
27
S per share
106
39%
74%
26%
■
27
47
Sep
40
737k
597k
16% Feb
37% Feb'10
Dec
60%
39%
75%
,17% Feb
83 % Mar 22
600
40
.
Feb
Dec
May
.59%
Jan
Dec
10
14,300
94
60%
(The)—4.162/a
Nov
38
617k
Sweets Co of America
24
85
60 %
Swift & Co
47%
45
900
61
13,700
227k
22 7k
1
Co—
58%
41
10174
27
Range since Jan. 1
3474
10174
*91
74
12.50
467k May
Jan
102
39%
5
Inc
21%
15%
10174
19
14
Jan
102
104
36% Jan
20% Aug
Jan
102
103
84
16% Jan
13% May
5374 Sep
107k
9374
84
13
Highest
7%
227k
93%
84%
25
10
May
3% May
22
93
Feb
Year 1947
t per share
227k
93
*837'4
60
1
PafJer
Range for Previous
Lowest
21%
93%
x30% Feb
*
104% Mar
10%
Sutherland
101
227k
40
5
Superheater Co (The)—
No
Superior Oil of California—i_v
Superior Steel Corpi— ___i___
1
*83%
84
22%
'
74%
15
Sunray Oil Corp
9.
Mar
13
14%
300
39%
cum)_„L-100
(4V2%
9% Feb
36
4,500
85
73%
1
Corp common—;
,34% Mar
13
70
25%
20
Sep
Jan
:
(.The)—:
Jan
Mar
100 %
100
common
13% Mar
140
1,700
25%
25%
251/4
260
16,800
25%
100%
101
*99'/a
100%
257k
25
60 %
100
12%
Dec
257k
2574
25
common
45%
160
25%
20
19%
187k
93
92 %
591/4
18
637k
84
22%
921/4
101
*25%
63%
*62i/a
:• >
9%
63
!_25
common
Jan
18 % Feb
85
21%
common—10
32% May
8% May
Oct
*84%
—No par
& Webster
Class
11,600
18%
$4.50 series A preferred—_No par
Cbmmoni
i„No par
6
14,70)
9%
62%
Sun Oil Co
2V
277k
-
No par
Studebaker Corp
9
27
974
177k
Stokley-Van Camp Inc
5% prior preferred
16
94
277k
97k
62%
50
Jan
Feb
2674
97 k
18 %
No par
14% Jan
Apr
1,400
62%
(The)
21% Jan
15%
2574
17%
Spring
6
109%
25%
62
No par
1,300
73%
67k;
27%
97k
,26
600
67k
•70%
14,200
257k
17% '
16%
6 %
73%
6%
'■
25%
621/4
9%
2,200
35,900
257k
17%
9%;
*474
474
474
*71
73%
8%
California—No par
convertible
v
6%
•71
61%
preferred
Stone
6 7k
1574
15%
15%
47k
474
67k
2
(J P) & Co Inc
Stewart-Warner Corp—
2
5
6%
No par
Stevens
2
4%
!•
inc
Sterling Drug Inc
3%% preferred
9
<
*71
■
Ohio
16% Mar 16
11% Jan
25% Feb
125
10
5
.
4%
LS
Sterchi Bros Stores lnc—i
Mar 11
Mar
Jan
17
10% May
<16
39
Feb
27
Feb
14% May
19% Jun
13% Jan
88
Oct
4%
Steel
Starrett Co
Jan/ 2
11% Mar *6
104% Mar
36%
„
16%
6%
preferred series A
Standard
16%
4%
Standard Oil of Indiana—1
Standard Oil of New Jersey
Feb
15%
6
Sons
36% Feb
Feb
15%
>
No par
44% July
17%
71
1
Standard
49
*70
No par
2
Jun
3,500
15 7
100
1
of
39
*37
72%
62% Jan
10% May
49
637k
27
Oil
1,800
*70
54% Jan
41%
*37
/
40
*62
July
3%%
40
72Va
63
22
39
64%
50% Mar
Jan
38% >38%
*70
prior preferred
96
38%
39
2,100
*62
$7
17
37%
*37
100
15%
70
2
91Feb
157 k
62
109% Feb
12
15
70
27
311/4-Jan
15%
61%
97% Feb
Standard
15
39
1,300
15
39%
15
*=36
3,100
427k
*39%
147/8
38
6%
6%
*39%
4
//
6%
37k
37s
43
62
$6 prior preferred-
2
»
71
100
preferred
No par
Standard G & E Co $4 pref—No par
2
6 V4
40
*61%
2
Jan
37k
6%
6%
40
*70
31
78% Jan
4
37k
6%
43
60%
98% Feb
43
41,200
60%
25% Jan
11
167k
-39%
11
13
16%
39%
27
27
167 k
3974,
Feb
69 % Feb
16%
38%
19% Feb
24% Feb
4%
/
167k
39'%
86
July
*40
1,200
38%
Feb
Jan
3%
'6%
5%
21%
39%
Feb
105
4%
43
21
16%
16%
20%
38%
Jan
Dec
16%
20%
39%
36%
94
16%
21%
37%
125
80
50
600
*20%
common—No par
cum
31% Aug
88 %
277k
114%
Jan
88%
507k
May
Mar
89
49%
May
37% May
*88
88
50 'A
89
23%
88
89
49
81
63
34%
49%
&
of
800
*3374
58
49 %
& Sons common
Oil
400
34
58
50 %
& Bros Inc
Brands
19%
59
*32 7k
20
50
preferred
Standard
28% Jan <49
11
19%
59
59
34 'YSv
48%
preferred
(E R)
20
*19V4
*19%
*32 7k
_5
$4.50
120
!„Nonar
Square D Co
,2
Feb
82
Conv
2,900
120
22
Sperry Corp (The)
Spiegel Inc common
5
29% Jan
9
22% Mar
Mar 20
Jan
121
1187k
27 7k
preferred—
Kellogg
34,100
18
2174
preferred
Spencer
10% Mar 22
70
,
16
98 % Mar
Jan
Aug
2
18
17%
22
Witnington
Spear & Co common—
$5.50
800
,17%
177k
27
Sparks
5
4,100
38
22
9
Mar 22
5,900
*36
2674
Jan
/Jan:/5
57k
30%
33
22 %
18
5
30 V4
267k
Mar 10
7%'Jan
5%
307k
5%
30%
22 %
Mobile & Ohio stock tr ctfs
73
*5 7k
*36
26%
5%
7
5,400
22%
6
•
6
5%
26%
2
26
6
22%
49%
Jan
Jan
14.900
26
Jan
5% Mar 16
400
32%
25%
73
Feb
4
■71
12%
22 %'
64
(A G)
1,700
12%
22
7.50
20
Spalding
14
25%
Co
Gas
Mar 23
non-cum
;
*58
21
*37
25
14
19
16
—25
14
34
*88
.
37%
preferred
2,100
76
58
20%
371/4
Natural
58% Feb
-
South Porto Rico Sugar com—No par
Southern
4,000
22%
■'
.
19
20%
5%
34%
*74
33%
89
4
337k
*22 7k
118%
118
20%
1
32%
76
59
,<
14%
Southern
121
5,900
327k
57k
38
.v
30%
12%
30%
17%
:/
80
29%
221/4
6
5%
*36
29%
95
32%
6
30%
37
118
59
14%
5
6
30%
17%; ,18
■
32%
*40%
9
Aug
•
19
'
*88
—
24% Jan
81
120 %
19
42% Jan
Nov
'17%
115%
cumulative
5%
30
37
17%
,
32%
29% Jan
68
57k
59
27
Feb
6%
10
Mar 17
Jan
5%
20
25 % Mar 16
77
6%
,
*94
32 Vk
12
1'
4,100
95
3274
327k
5%
1074
*12%
12
37
107k
14
31%
29%
1,500
107 k
14
12%
5%
4,800
6%
*74
327k
20
20% Feb
14
21,000
117k
76
•
12%
36 %
15
Feb
14
13%
347k
67k
22%
22%
'
31%
'—1
8%
1,000
11%
297k
3378
33%
12%
29%
_i~.No par
Jan
*74
6%
1
& Platinum
22
76
31%
5
Corp
34
23
30%
No par
Dec
-
*12
'
_'_No par
•
28%
37
33 %
13%
preferred
—50
Southeastern. Greyhound Lines
5
15 /
15
,
Co—
13
1
42%
50%
8
29%
—15
34%
57% May
15
29%
_
5%
.8
43% FeJ>
33% Feb
28
30%
No par
Dec
July
,27
29%
South Carolina E & G Co com__7.50
9
12% Mar 11
;
29%
22%
200
2,800
5%
6%
*94
29%
Pen Co
South Amer Gold
4% Jan
2
6% Mar 25
,
16
41%
5
107 k
10%
94
*74
300
67 k
7
94
75%
10,700
•
41
6
6
6
95
preferred
100
Smith & Corona Typewriter—No par
Socony Vacuum Oil Co Inc:.
15
2
*15%
41%
*5%
95
1
Oil
(A 0)
3% %
8
23%
15%
40%
*15%
*40%
6
96
*94
Smith (A) & Sons Carpet Co com
Smith
157k
40 %
16
41%
No par
Sloss-Sheffield Steel & Iron
2
12
35% Jan
*5%
*47%
103/a
Skelly Oil Co
Mar 20
39%
41
60
16%
48%
16%
47%
15%
10%
Sinclair Oil Corp
117%
*15%
6
16%
*4774
15%
47%
10%
5
Mar
6
16%
48%
16
16%
47%
' '*'46
900
1474
10%
(W A)
37,500
'
FRIDAY
86%
10%
18% Jan
65
15%
16
46%
14%
86
1
Simonds Saw & Steel—
11
15%
*45%
14%
*85
common..
Union
CLOSED
GOOD
87%
147 k
14%
86
34%
Simmons
Feb
„
90
2,700
14%
VS
86
11 W
5
15
92%
347k
5
Dec
91%
*92%
11
8
18%
*91
92 %'
341/4
Jan
'
14%
*83%
157k
Jan
6 % Mar
14%
86
41%
America
Silver King Coalition Mines_„
44
14%
*83%
15%
Sheraton Corp of
34
91 %
*.92%
11%
5.
5
*90%
34%
7% Jan
14
91%
92%
11%
Shell
4% Feb
*90%
*92%
91%
92%
14%
*6%
Sheaffer
35% Mar 13
92%
34%
8
27% Feb
•
*90%
6%
Corp—
13,000
30%
41%
34%
Steel
'EXCHANGE
30%
417a
11%
5% Mar 15
Feb
91%
92%
40%
Oil & Gas
:
3074
41%
6%
8
Feb
11
297k
*41%
11%
Jan
Jan
10%
107k
30%
41%
34%
35% Jan
51
*90%
*91%
„
6%
13
41
107k
10%
29 '
'
11%
li
Apr
May
10%
300
41%
29%
41
34%
2
39
28%
41
6%
15% Jan
9
29%
40%
12,400
110
34'%
Sharpe & Doljme common
$3.50 conv pref series A
Shattuck • (Frank G)—
4
Apr
27% May
14
10
18
110
11%
Inc
$4.50
8,
73% Mar 19
18%
1
Servel
23 %' Jan
Dec
18
*110"'' 110 %
18%
5
Sharon
Oct
May
8,200
82%
No par
Shamrock
18
340
18%
827k
110%
1
Refrigerator Co
30 % Mar 22
70
83%
83
18%
180
83 /
82%
110%
/
9%
10
18%
390
t
9%
9%
29%
5
Seiberling Rubber Co
31
86
Shares
93
83
for
the Week
$ per share
9%
9%
H0%
11%
10%
*92
85
Sales
Friday
Mar. 26
Mar.. ,25
$ per share
share
9274
92 %
*80
18%
No par
.t
i
$ per
110%
10%
Thursday
Mar. 24
preferred—
Seeger
2
12% Jan
11
Feb
Jan
Co
Sears Roebuck & Co——
16
8
26
Seaboard Finance
2
12% Jan
9%,Mar 16
94
Feb
38
Mar 24
5% Mar 17
•
Dec
40%
7
Wednesday
85
1948
PRICES
SALE
92
10
40%
100
Seaboard Oil Co of Del
21
Jan
30%
20%
preferred series A
i0
Mar 25
5
Feb
101
5%
92
*80
92 %
82%
*82
HIGH
Mar. S3
$ per share
v
18%
10%
°
cumulative preferred—100
Seaboard Air ijine com v t c__No par
5
Jan
—5
j
85
9%
82
fi
a
110%
18
3.35%
2
50
Feb
31% F6b
Feb
10% May
25;,,
86% Mar 25
19
:
Feb
Dec
6%
14% Mar
.
11
'
40% July
Oct
11
9
,
110%
100
Schenley Distillers Corp
1.75
Paper Co common
:No par
$3.40 cum preferred
No par
Bcovill Mfg Co 3.65% cum pfd—100
Scranton Elec Co (The) common—5
35% Feb
Feb
30% May
13
preferred
SavagS Arms Corp-i—:
•15% Feb
Dec
10%
.
Nov
Mar
5% May
17%
Jan
92%Mar 22
13% Feb
Feb
23
20
,'95
44
Feb
55
13
5
5%
'' *80
10
81%
Scott
*
Jan
11% May
27
88% Feb
9%
92%
;
Monday, March 29,
Tuesday
Mar. 22 <
$ per share
93
preferred—'—,100
non-cum,
Bt Regis Paper Co common—_—5
1st pfd 4.40% series A—100
AND
Monday
Mar. 20
$ per share
;,u
Par
Louis Southwestern Ry.
St
8
Saturday
,
,.•'•••'
,
Mar 25
86
LOW
STOCK
YORK
NEW
:;v
Highest
66
39% May
CHRONICLE
STOCKS
Range for Previous
Lowest
7% May
FINANCIAL
&
44%
*43
44
8%
8%
; 77k
207k
21%
*43
.
7%
*21
44%
8
21%
—50
2,200
.
•
10
1,100
2,600
20%
217k
10
10
*9%
10%
10%
200
517k
51%
51%
517 b
51%
51%
2,300
88%
88%
88%
*8774
88%
10
*87
3
*22%
3 %
3
227k
23%
207k
101%
21
2iy4
J101 Vb
*
1017k
*9%
3%
3%
3%
2.900
2274
•
21%
21%
1,000
21,100
2174
21%
101%
101%
21%
102
320
THE COMMERCIAL
Number 4685
Volume
Range for Previous
Year 11)47
Highest
Lowest
f per share
$ per
$ per
share
Highest
Lowest
$ per
share
21%
Feb
17
40% May
53%
Oct
44
10% May
15%
Jan
10% Feb
27
22%
Jan
17
Jan
2
14
20%
Nov
15 %
Jan
22
7%
Feb
5 % Feb
11
2
-
May
5% May
»
.
12%
Dec
21%
Dec.
97% Mar
14% Jan
Truax-Traer
par
par
12
Jan
2
Udylite
Mar 16
51% Jan
9
Underwood
9% Mar 16
11% Jan
9
Union
Asbestos & Rubber Co
34% Jan
9
Union
Bag •&
Mar 22
Union
Carbide
Jan
27
7
Dec
5 % Mar
.30
Nov
51%
Feb
25% Mar 22
9% May
17%
Oct
9% Mar 16
36% Jan
94
5
Jan
12
7% Jan
4
6
Coach
i&%
.
13%
21%
' *34
par
.
'
35
*94
101
6
6
26%
26%
par
par
-
v
50
,
,
10%
10%
1
par
l
'
18%
Shares
18%
48%
7,300
2,700
48%
47%
47%
48
11%
11%
11%
11%
11%
6,500
21%
22
21%
21%
21%
21%
11,700
16
16
6%
*16
6%
6%
100
24,300
6%
70
100
*99%
100
100
17
*16
17
6%
6%
100%
*100
EXCHANGE
*13%
13%
13%
13%
13%
13%
22%
23%
22%
22%
22%
23
CLOSED
34%
34%
GOOD FRIDAY
*91
34%
*34%
35
97
34%
*94
99
*94
.
1,500
28,400
6%
600
99
900
26%
10%
26%
26%
10%
11
6%
26%
26%
530
12
12%
5,500
11%
*6%
26%
6%
11%
6%
6%
26%
10%
10%
Co_
18%
lt'%
the Week
11
6%
100% 100%
13%
13%
22% 23 %
35
35
*94
100%
6%
25%
18%
Sales for
$ per share
48%
49 %
11%
22%
17
7
21
*16
1334
213/4
•
18%
*9
4t%
11
1-6% : 6%
100% 100%
20th
22
'
22%
17%
21%
*15%
1
NO par
Twin
Feb
92
Feb
Jan
19
18%
Friday
Mar. 25
s per share 1
$ per share
$ per share
Mar. 26
Thursday
Mar. 24
$ per share
46%. 49
,10%
11
common
i.
;
5
33
Jun
,
Corp
preferred.,
14 % Jan
Jan
16
\
$6
32% Jan 21
48
*;
Tri-Continenta-1
'
23% Mar 22
104
,93 ;
8
Corp
No
Century Fox Film cbmi.No
$1.50 conv preferred—i_No
$4.50 prior preferred
No
Twin City Rap Transit com—No
5% conv prior preferred
12 % Mar 16
Dec
34% Aug
,
Jan
ISVa
——5
Axle—
Roller Bearing—No par
tTrahsamerica Corp—i
—2
Transcont'l & Western Air Inc__
5
Transue & Williams Steel—No par
104% Jan 27
23
16
38%
Detroit
PRICES
Wednesday
Mar. 23
Mar. 22
share
SALE
Tuesday
Monday
Mar. 20
$ per
Timken
9
Mar 22
7
" .r/, *
-EXCHANGE
Timken
13% Jan
7
22% Mar 11
17% Jan
1
112% Feb
15% Nov
Dec
Saturday
•
■;'•
(1381)
LOW AND HIGH
'
Par
17
53% Jan
Mar 16
13% May
99
■
share
19% Jan
Mar 17
15% May
STOCKS
'
.
NEW YORK STOCK
Range since Jan. 1
-i
CHRONICLE
FINANCIAL
&
7
U
12
,
Dec
43% May
15% July
Feb
58%
9Vb May
15%
37%
Oct
U
Jan
25% May
89%
Jan
110% July
Dec
91%
115
Dec
105
27% Feb
11
93%
22
Jan
106
Jan
91
Feb
9
Jan
Dec
104
Jun
86
Apr
27
Dec
Apr
164% Dec
97% Nov
111*
Feb
38% Feb
.
30
May
16% May
102
Dec
15%
Dec
75
Dec
18%
.;
Sep
152
Jan
19
105% Jan
6
Jan
6
Apr
120%
Apr
24% Nov
16
Jan
19
28% Jun
35
Dec
26%
Jan
33%
Nov
29
3%
Dec
50
Dec
2%
Dec
41
.
Dec
8%
4%
Jan
8
16% Feb
15% May
91
Dec
12% May
86
May
171
Dec
13%
Dec
6% Jan
5
70
Jan
12
United Fruit Co
2
13% Mar 16
16% Jan
17
19%
United
U
16% Feb
27
21 % Ja n
89
Feb
20
97
Jan
12
Oct
15% Feb
11
18% Jan
8
U
S
107%
Feb
92% Feb
11
105% Jan
12
U
196% Mar
170% Feb
6
175
Jan
23
14% Jfen
2
33 %
Jan
11% Mar
70
33% Feb
5% May
Oct
25%
Jan
39%
Nov
16%
Jan
24%
Oct
10
Oct
Mar 22
26
9
U S
U
73
Feb
49
Jan
13
53% Feb
39
Jan
25% Feb
14
33 %..Tan
6
90% Jan
38% Feb 11
125% Mar 19
137% Jan
13
47
Jan
30
70
Jan
13
Dec
40%
Dec
103% July
60% Feb
127%
Dec
165
Feb
Feb
87
51% July
41% Jan
6
Dec
81
Feb
66% Jan
7
61% May
80
Dec
67% Mar 17
150
Mar
Nov
23
Feb
17% Feb
10
Dec
48%
Feb
38
Jan
2
40% Jan
5
Jan
8%
Oct
4% Mar 16
5% Jan
8
Jan
12%
Feb
8% Feb
11
10% Mar 25
Jan
29
97% Jan
13
3% Mar 17
5% Jan
5
^
•
96%
Dec
5%
Dec
x33%
109% Jun
10%
93
Jan
U
Feb
30
Mar 13
34
Feb
16
Feb
13
17% Jan
8
11%
Feb
4
Mar 16
5% Jan
14
20
Dec
163%
Dec
23%
192
Dec
19
Feb
150
Feb
23
6
13%
Dec
29%
Feb
10% Mar
56%
Dec
91%
Feb
56
Feb
21
Jan
14% Jan
4
66
24
t per share
13
13
*12%
13%
1,000
31%
31%
31%
31%
31%
31%
2,700
35
34
34
32%
32%
32
32%
900
3%
10,400
*32
3%
3%
3%
3%
3%
*51 %
52%
*51%
52%
*51%
521/z
2%
2%
427 a
42%
42%
Highest
$ per share
$ per
$ per
2%
63%
64
19%
19%
2%
2%
46,800
42%
42%
42%
3,700
5%
19%
*5%
5%
63%
*62%
19%
19%
19%
'•
40
;
1,000
10,200
39%
40
53%
52
52%
52%
52%
52%
52%
21'/a
21%
21%
21
21%
21%
21%
1,200
14%
15
15%
15
15%
15%
15%
15%
15%
8,000
19%
20%
20%
18,300
1
com
14 %
191/4
20
19%
19%
20
96
*93%
96
96
96
*17%
.
17%
17%
17%
17%
17%
17%
98
98%
98%
98%
99%
174
*173%
173%
99%
173%
*12%
13%
__20
98
100
174
Corp
*30%
*93%
No par
No par
class
conv
*
13%.
5
20%
■
175
13%
13%
13%
•
6%
634
-No par
28%
28%
29%
30
1
A
18%
18 %
18%
19%
common
6
10
20
:
lo
%■
;
20%
*94
96
*94
28%
90%
90%
42
10'
42 %
100
127
50
43
50
*68
72
73
preferred
Corp common
preferred
—:
Tobacco Co
100
127
44%
91
*89
41%
130%
71%
51%
50
28%
29%
29%
41%
42
300
6,600
29%
91
*89
10
42
6,300
400
127%
127%
*126%
45%
43%
45
69
68%
68%
200
72%
72%
73%
34,700
131%
130%
45
*68%
131 %
:
91
72
131%
4,100
2,900
132
2,500
18%
18%
18%
18%
18%
18%
18%
18%
18%
18%
25
*38%
39%
*38%
39%
38%
38%
38%
38%
*38%
1
4%
4%
51/4
5%
5%
5%
5%
1,100
9%
9%
10%
3,200
Tobacco
5%
,5
5
9s/8
93/8
9%
9%
9%
9%
9%
*91%
2
95%
*91%
95 %
*93%
95'%
95%
95%
4%
4%
4%
4%
4%
4%
4%
4
50
*28%
1
17
4%
com.No par
4%
19%
*19%
30%
30%
*29%
30%
17%
17%
17%
*17
18
*17%
4%
4%
*4%
4%
Inc
1
*14
14%
14%
14%
*61
63
63
64%
com
156
*153
156
Saturday
share
Par
r.r,
Sper share
20
156
500
1,200
4%
400
20
157
14%
*
14%
14%
14%
14%
14%
64 %
65
64%
64%
64%
64%
200
AND HIGH
'■% $ per share
$ per share
Thursday
Friday
Sales for
Mar. 24
Mar. 28
Mar. 22
SALE PRICES
Wednesday
Tuesday
Monday
Mar. 20
18
*153
19%
19%
*153
6,000
3,800
LOW
STOCK
EXCHANGE
19%
156
*153
100
Co
19%
19%
19%
*153
4%
4%
4%
200
4%
30%
*28%
—_100
preferred
4%
*30
*29
30
39
98%
*95
17%
30%
17
—1
preferred
YORK
500
1,200
44%
No par
com
preferred
Stockyards Corp
non-cum
Pictures
9,600
50
41%
72%
131
131%
1,000
19
8%
*8
44%
*126%
70
*68%
73
29%
18%
8%
*89
45%
69
71%
3,000
*29
18%
44 %
127%
45
1,200
6%
6%
441/4
•
42%
127%
45
44%
'
91
42
42%
127%
*68
131
131
29
*89
60
71
151%
54
28%
29%
.
600
13%
r.
38%, 38%
29%
-8
8
44%
*51%
"
55
28%
127%
69
No par
Rsf & Min'com
8
40
175
*70
71
r
44
2,000
13%
13%
18%
600
99 %
*174
175
*29
17%
98%
101
13%
10
96
17%
17%
175
29%
19
18%
44
43%
*51%
54
27%
29
•
8%
*8
8%
43
*52
100
common
1st preferred
8%
43
1
series A
prd
Rubber Co
6%
6 %
preferred—,—
NEW
38%
39%
S
4%%
5,100
21%
6%
Universal
20
*38%
38%
Leaf
110
63%
52%
61%
S
1,100
6
5%
63%
19%
63%
19
2%
42»/4
63%
5%
63
2%
42%
2%
42
5%
5%
5%
60
52
52
*37%
Highest
share
3%
3%
52%
2%
21
6%
Range since Jan. 1
Lowest
•
20
*19%
-
STOCKS
Year 1047
Lowest
13%
32 %
38%
Range for Previous
t
13%
31%
71
8%
7
13
32 %
32
3%
6%
Steel
1,400
12%
37%
S
21
19%
38
cum
1,500
12%
18
No par
Machine
non-cum
28,300
19
70
Universal
Mar 15
20%
18%
89%
18%
39%
Universal-Cvclops Steel Corp
5
20%
100
109
*88
21%
Universal Laboratories Inc
2
163% Jan
17
Mar
Jan
90%
19%
89%
3934
United Wall Paper Inc common
4% cum conv preferred
52
108%
18%
3,100
26,200
86 %
*5%
United Stores $4.20 non-c 2d pfd__5
$6 conv preferred
No par
22
IS %
*87%
*1 OB¬
110
38
United
Dec
4% May
18%
89%
36%
28%
109
18%
70
S
:
89%
*108
37%
1%
May
16
27%
71%
7 r/o
140% Jan
129% Mar 16
28%
37
7c!o
19% Jan
38
*17%
27%
*70
U S Smelting
U
28%
100
8%
78% Jan
36
18%
110
*108
1,300
97%
36
53%
preferred
3%%
U
45 % Jan
97%
36
53
Pipe & Foundry
TJ S Playing Card Co
U S Plywood Corp common
Dec
97%
35
27%
28%
97%
Industrial Chemicals——No par
Leather Co common
No par
4%%
U
10
27%
1
4,100
97%
97
34
97%
34%
40
11,500
;
166
166
*70
U S Lines Co
9% Jan
45% Jan
164V4
7
25%
25%
25%
162%
71
Partic &
Jan
21% Jan
16
S
25%
165%
25%
39%
Foreign Securities
Hoffman
25%
164
25%
165%
62%
>
5
Gypsum Co common
7%
preferred
S
25%
*21
1st preferred
Freight Co
4%%
21
36
9
Mar 23
8
39% Feb
Jan
8% Jan
Mar 16
17% Mar
U
23% May
92
Dec
&
87
130
13%
$4.50
42% Jan
72
24
5% Mar 15
Apr
46%
9
5
88
-No par
S
Feb
133
S
Oct
Jan
96
*87
2%
5
Improvement Co
United Mevch & Mfrs Inc
20%
106
Feb
67
Gas
*92
88
42%
100
29
96
*87
18
3%
62%
'
1
preferred
*92
88
88
32
5
7%
17
109
95
*87
31%
100 .'
1
9
Jan
108%
108%
*91%
12%
$3 preference
United Dyewcod Corp' common
5
108%
108%
95
87
9,600
19
$3.50 convertible preferred—
United Corp common
"
5
108%
31
84 %
Corp—_10
—..No par
United-Carr Fastener COrp
No par
United Cig-Whelan Stores com--30c
2,
Jan
102%
18
17%
NO par
—
102%
109
164%
28%
30%
102 %
30%
102%
34
111%
*108
1,600
10,200
30%
102
30%
102%
*96%
97
34
28%
;
preferred—100
Carton
&
22% Feb
9%
38% May
cumulative
162%
97
34
10
common,
56% Jan
53%
46%
Inc
42% Jan
94
Dec
Lines
United Carbon Co
20
»
13
160%
'
100
10
Dec
May
Air
88
25%
25
30
30%
30
*91%
95
*86
;
No par
27
Dec
9%
preferred
Car
21
37
35
No par
-<——25
Feb
71%
,
series..
20% Feb
37% Jan
48
23%
109
United Electric Coal Qos
United Engineering &' Foundry
59% July
24% Jan
Feb
109%
*91 %
5
43% Mar
4% Feb 26
61% Mar 17
Oct
12% May
*108%
No par
series
Board
2% Mar 20
13
Feb
Jan
pfd $430 ser__No .par
Biscuit Co__
55
11
Feb
Jan
43 %
103
United
4% Jan
10.
10%
Jan
102%
California
Tank
4 % %
Mar 23
95
Dec
2934
101 %
United
34
Dec
20
99%
2
5
Dec
44%
■I
29%
Carbon—No par
&
29
Jan-
5%
19%
10%
Jan
35
65%
IIV4 May
33
May
49%
10%
15% Jan
2% Feb
40
49%
10%
non-cum
United
1
20,
48% Feb
Jan
53% Mar
Mar 25
18% Mar
90 % Mar 22;
Mar
3
Feb
83
49%
10%
United Aircraft Corp'common—
5
5%
convertible preferred
_10G
22
Feb
11%
49
10%
PaciUc RR Co common—100
4%
2
12.
27% Feb
11%
49
10%
Union
109
11% Mar 16
,
11%
48
10%
$3.50
Union Oil of
Union
22
77% Jan
11%
49%
10 y4
28% Mar 20
10
Sep
28%
11%
48%
10%
36% Mar 25
22% Feb
110
2
101% Jan
96% Mar 18
31% Jan 26
11%
48
No
$3.70
Preferred
24
Mar 25
166
Dec
25%
Jan
90
11.,
11%
10 %
(The)-,.
Corp
Preferred
9
26% Jan
6
21% Feb
Feb
91
2,100
3,100
11%
11
48
5
Paper.,.——No par
Corp
Un El Co of Mo
109'% Mar 18
2
Sep
20
120
103
.
Mar
106%
85
,
11
Feb
Mar. 25
Mar. 26
the Week
$ per
$ per share
share
$ per
share
Shares
v
V
13% May
Dec
22
Feb
14% Feb
10
17% Mar 23
18%
Feb
12% Feb
13
14% Jan
5
21% Feb
-14%
16
26
Jan
23
12% May
26% Dec
-
20%
Jan
39
Feb
22
Mar
84
-
94%
Feb
86
Feb
21
86
94
Jan
86
Feb
50%
Nov
Nov
85% Nov
35% May
85
Dec
5% May
-
69
May
14
Nov
12% Jan
10%
112
6
Feb
21
13
91% Feb
24
47% Jan
2
2
89% Jan
10'/a Jan
8
Dec
121
Feu
Feb
11
14% Jan
7
17% Mar 12
109
Jan
6
18
Jan
7
Jan
8
37% Jan
30
34%
Dec
45"
Feb
35% Mar 17
31%
Dec
40
Jan
30% Feb
10
31
Oct
38
Feb
32
Feb
10
34% Mar 22
30
Dec
33%
Nov
28% Feb
19
32% Jan
30
Aug
33%
Oct
32
57
Apr
75%
Feb
62% Feb
34
Mar 25
Jan
32% Jan
13%
Apr
17%
Jan
'14
29%
Apr
36%
Feb
x30
100
Dec
109
July
100% Jan
Jan
13%
Feb
19%
Feb
■10% Mar 12
106% Mar
x83 % Mar 12
10%
Dec
88%
Dec
8% Feb
12
Dec
18%
Feb
10% Feb
10
21
May
36%
Nov
25% Feb
5
20% Feb
10
27
Jan
20 % Jan
5
16
19%
Dec
17% May
23%
Feb
17% FCb
20
•
Sep
26%
Feb
17
30
Dec
41
Feb
5
% Dec
37%
Jan
83% May
21% May
Mar 16
25% Feb
14
12%
Jan
5
Feb
52%
Nov
39
Feb
11
90
Feb
80% Feb
13
34%
Jan
For footnotes see page 26.
19% Mar
10
3
,
92
*89
Victor Chemical Works
*40
41
42
42
42
*90%
95
95
*91
95
common
preferred
5
100
6%
div
Rights
$5
&
common
preferred-
;
cumulative
*18%
19
*36
38
25
preferred
*62%
-
—
(Hiram) G & W—
100,-
100
*101
2
Walworth
8
Ward
—1
Jan
5
r
100 .;
Co
Baking Co common
5%% preferred
Washington Gas Light Co—No par
19
Jan
10
Waukesha Motor Co
21% Jan
2
Wayne
2
2
6 % Jan
Knitting. Mills
Wayne pump Co
Webster Tobacco
3
Inc—
Wesson Oil & Snowdr com_—No par
$4 conv preferred
-No par
24% Jan
9
West Indies Sugar Corp___
1
84%
12
28%
25
*23%
;
24%
18
18'
17%
•
17%
26%
——_5
2
•
10
11%
24%
1
% Jan
11
84%
27%
.5
^5
20%
11%
Bros Pictures
^5
Warren Foundry & Pipe
No par
Warren Petro'eum Corp new com—3
Mar 16
102
9%
-
Warner
24
31
20%.
Jan
48% Feb
14%
*30%
12
86
63
*14%
*
preferred
91
30% Jan
32
17 %
17%
17%
3*2
113
114%
18%
18%
33
34%
v
17%
22,200
1S6
407,400
Af
*113%
*18%
19
32
*113%
-
36%
35%
32%
32%
34
*33%
34%
*30
31
*29%
19
*35%
35%
33
114
*18%
114
19
34
■'
34%
■
31
32 "
*29
32
62%
14%
30%
*62
63
*29 " '
'36%
200
360
50
100
33
33
1,100
34
34
600
31
30
32
32
100
63%
63%
;
30
*29
32
96%
1.7%
17%
8%
*94 Va
96
17%
114
1,400
3,300
8%
8%
32%
*35%
33
:;V 30
.
*18%
39
*36
17%
3®2
ft
114%
95
•8%
*94
97
*94
97
*96
42%
42%
*91
8%
*29%
32
.
No par
No par
26% Mar 24
30
*29
20
Walker
2
34
33%
*29
20
29
4%%
33
*32
,5
common
8%
8%
8%
32
114%
25
25
pfd
22
8
17%
114
loo
Visking Corp (The)
Vulcan Detinning Co
7%
96%
17%
_
preferred
Virginian Ry Co
6%
96
com—No par
Va Iron Coal & Coke 4%
40%
*91
8%
7%
■
__
Virginia Elec & Pwr Co
No par
Jan
95
*90
No par
13% Jan
43
92
Walgreen Co common
4% preferred-
32
43
*91
*89
Chemical 00m—_No par
partic preferred
_100
FRIDAY
93
92
10% Jan
11
*89
*89
25
GOOD
89
93
*86
Waldorf System-
Jan
25%
*86
89
8
22
13%
25
89
*86
23
103% Jan
xl8% Mar 17
13%
25
24
92
15 % Jan
9
24%
7% May
1,400
13%
24
cumulative
1,000
3,900
13%
*89
3%%
2,600
14%
24%
13%
Va-Carolina
CLOSED
14%
*23%
24%
13%
13%
EXCHANGE
14%
24%
89.
24%
17%
14'/a
24
32% Jan
,
14%
24
13 Va
13
Jan
*14%
*23%
13%
13%
17%
17%
16%
*23%
14'A
24
14
24%
17%
17
17%
16%
*23
24
Wabash RR
66
11
xl7% May
1
14
*24
'
2
,
Mar 15
Feb
16%
14
10
par
*86
W
25
16%
2.50
new
2.50
8
5
America—No
Inc
Vertientes-Camaguey Sugar Co—6%
24
Jan
20
Co
Vicks Shreve & Pacific Ry com„100
5% non-cum preferred
100
5
114"% Feb
Raalte
Vick Chemical Co
Mar 22
93
Oct
106
10
3?2 Mar 17
107%
16%
Van
16
7% Mar 16
Nov
29 % Jan
87% Feb
Nov
14 % Jan
3
37% Mar 10
104% May
2
Vanadium Corp of
Van Norman Co
-
•
N
28
62%
14%
30%
14%
..31
\ 31
*101
102
*100% 101%
20%
21%
20%
21
10
10%
9%
10%
11%
29
28
24%
..
25
24
*23%
28%
12
12%
*27%
24%
18
'-.11%
*84
11%..
85%
*84
11%
*17%
14%
;
"
.
18
.
.
.
*23%
.*18
17%
18%
28%
29
11%
85%
12%
28
26%
63
63
14%.
31%
*100%
20%
20 %
9%
10
9%
14%
32
101
101%
20%
,
*14%
*31 Va
14%
31%
101
11%
.
6.300
11%
11%"
85
86
11%
12%
....
60
3,700
10
11%
.28
28
600
20%
85 :
11%
*£'4
500
3,600
12%
*27 Va
28%
2,000
180
20,500
500
25%
26%
25%
26%
23,900
24 %
23%
.23%
200
24
*23%
18%
*18
;i8%
1,000
17%
*18
28%
*28
..18%
„
..
.18%..
28%
*18
18
18%
600
27%
28%
1,300
5%
5%
5%
5%
5%
5%
5%
5%
1,900
41
41%
42 Va
42%
42%
42%
42%
42%
42%
1,700
39'%
83
83
83
22
83
22%
82
82
22
83
22%
82
21
83
22%
82
22
22%
22 %
22%
5 V*
-
5%
.
,
220
5,700
26
(1382)
THE COMMERCIAL
NEW
Range for Previous
,-;f f
Year 1947
Lowest
,
I per share
Range sinct Jail. 1
Highest
,
'
,
YORK
J per share
LOW
17
■»
P err-
Jan
19
Dec
117% Mar
104
Mar 23
108% Jan
20
Class A
112Va
Nov
121%
114
MarlB
117% Jan
13
7%
preferred
Mar 12
108% Jan 23
6%
preferred
13% Feb
13
103%
106%
Dec
112%
Dec
116% Aug
105% Feb
32 Va
May
47
oet
38% Feb
14
Dec
113
Jan
100% Feb
25
104
110% Jan
11
16% Mar 23
105
5% May
10%
Jan
Jan
75%
Jan
34% Feb
May
12
17
May
11% Jan
10
33% Mar 25
Mar
64
72% Jan
5
14%
4 Va %
Air
104
114%
114%
115%
116%
115
100
pfd
105
>105%
106%
Lines
Pacific
Preferred
>102%
1061%
105%
1061/2
106%
480
16V8
16%
16%
16%
16%
1,800
40
40%
40%
41
40%
40 7/8
2,600
103%
103%
103%
103%
1041/2
8
*1031/4
8'%
104%
7%
38%
38%
8
100
91/4
9
26
27
301/4
31
32%
321/4
33%
2,800
67%
65%
65%
68
68
68
69%
69%
300
21%
21%
21
21%
*63 %
21%
Westinghouse Electric
Aug
85% Feb
*91 % Fpb
11
94
11
98% Jan
29% Feb
16
33% Mar 20
Dec
34% Feb
7
43% Jan
85
102% July
Jan
5
90% Jan 28
5
93
62% Mar
76
Dec
80
Jan
30%
*66
*
9%
31
May
53%
Oct
37
Mar 16
-90
Dec
101% Mar
Mar
47 Mi Jan
21%
21
21%
21
21%
37
36%
37%
37
37%
37
37%
37
37%
7,500
27%
28%
28%
28%
28%
28%
28%
28%
28%
29%
A
100
*89%
90
23,200
*90
91%
91
91
91
91
*91%
92%
60
100
♦96
96%
*96
96%
96%
96%
*96%
96%
96%
500
33
33%
33%
33%
33%
33%
34
800
series
B
Instrument
12.50
32%
33%
36
83
Mar 18
92
Feb
23
Feb
20
27% Jan
White Dental Mfg
Feb
19
Feb
11
23% Jan
White
Motor
17%
Feb
9% Feb
27
12% Jan
White
Sewing
90
Feb
90
Feb
6
34
Feb
27% Feb
26
28% Jan
12%
Dec
Feb
11
12% Feb 25
9% May
84
July
29 %
May
5% May
6% May
Sep
9
Jan
$5
Mar 23
91
13%
Feb
64%
Obt
51
10% May
88% Dec
17
Oct
12% Feb
99
Jan
81% Mar 25
$4
36%
;
Nov
16
19
15%
135
7"T
Oct
•
; Mar
9% Jan
58
9
Feb
21
19
Nov
15
126
Feb
17% Jan
10
35
Dec
28
Feb
43
53
Feb
43% Feb
11
52% Feb
20
May
48 Va
May
75
Dec
83
Dec
53
2
Woodward
Iron
Woolworth
76
Mar 18
64% Jan
81% Feb
4
Prior
81
Feb
16
89
Jan
8
58
Jan
5
83
Mar 23
!62
Nov
70% Mar
8
May
Feb
18%
60% Mar 19
Feb
8
Mar
85
85
85
85 %'
85%
85%
25%
25%
24%
24%
*24%
25%
400
20%
21
20%
20%
21%
22%
3,900
11%
12
12
12%
11%
12
*11%
11%
11%
11%
1,400
90%
90%
91
*91
*
93%
*91
93 7/a
28%
27%
28%
*27%
28
11%
27%
11%
*27%
12
11%
11%
11%
8%
V 8%
♦90
90%
♦90
♦27%
28%
♦27%
11%
11%
11%
8%
*55%
X55%
55%
55 ■
55
13%
14%
14%
14%
14%
14%
14%
14%
14%
14%
♦81%
83%
*81%
83%
*81 %
83%
*82
83%
81%
81%
16%
16%
16%
16%
16%
16%
*15%
16%
*15%
16%
308
i7ff
%
A
%
%
%
%
%
%
3,700
16%
5,100
10
16%
2
13% Jan
10
37%
50% Mar
38% Mar 13
43% Jan
19
23%
Oct
15% Feb
21
21
Jan
Yale
(Wm) Jr
4%%
5
16%
16%
134
31
31
30%
30%
30%
30%
30 Va
30%
1,700
44%
44%
44%
45%
44%
45
44%
45
447/8
45%
10,800
62%
4,200
58%
'
60
*132
61
59%
134
60%
*132
60%
61%
76%
76%
78
79
79
79%
78 %
78%
87
87%
86%
87 %
87%
87%
87%
87%
79
80
82
82
81%
83
82%
83
87%
80
61
61
62%
62%
*61%
63
63
63
*63%
9%
9%
9%
9%
tlttl
Mfg Co
25
1
9%
30%
30%
31
11%
i 12
11%
31%
*30%
Young Spring & Wire
No par
Sheet & Tube—No par
31
30%
12
*11%
40%
41
41
17%
*17%
18
18
18%
1.000
73%
73%
73 3
4
*?4%
74
75%
16.700
16%
16%
16 %
16%
16%
16%
2,400
23
23%
23%
5,400
5%
1.900
18
18
18
79% Jan
2
Youngstown
72%
73%
73
74%
18% Jan
2
Youngstown Steel Door
No par
15%
16%
16%
16%
19,% Feb
11
237/s Feb
Zenith
Radio
No par
22%
23
22%
23%
22%
23%
22%
5% Mar 16
6% Jan
Zonite
Products
1
5%
i 5%
5%
5%
5%
*5%
asked prices;
sales
no
this day.
on
^In receivership,
Corp__
a Deferred
delivery,
n
NOTICE—Prices
the week, and when
The
italic
"and
are
outside
letters
of
stock,
Cash
r
sale,
s
Special
<
sales,
wd When
distributed,
New York Stock
«»
-
WEEKLY
headed
column
"Interest
Pericd"
indicate
Figures
each
in
case
the
month
when
the
after decimal point represent one
or
bonds
Year 1947
Liviit
government bonds
Range Since January 1
32d
more
Highest
LowestHighest
of
Bep
106.4
Dec
106.6
Feb
Feb
105.28 Mar 10
107.20 Mar 10
107.30
106.13 July
108.16
J949-1952
*103,.20
103.23
1951-1955
/ Treasury 2 7/as
./Treasury 2%s
Mar,22
*105.30
106.1
*107.30
108.2
__
—1951-1954
week's
01
a
Dec
/'
■■,;./
May
Feb
114.8
-
-
/nV''i,.
104.12
Feb
Treasury 2%s
Z-mL.
•
May
Treasury 2%s_;
Treasury 2%s___
Treasury 2%s
______
102.22 Feb
102.22 Feb
2
tl-
■
,
2
104.24 July
104.23
•.--
Feb
101.27 Dec
104.18
101.26 Dec
Deo
101.11 Jan
101.11 Jan
7
Apr
100.24 Mar 13
100.25 Jan
7
Jan
104.4
7
100.23 Jan
100.23 Jan 28
104.15
28
Apr
101
Dec
105.17 Jun
103.20
Apr
105.17
they
in computing
Dec
103.19
Apr
100.8
Mar 12
100.10 Jan
__
100.8
Jan
12
100.12 M£r 16
6
Treasury
'Treasury
Treasury
Treasury
1_
_—w—
101.7
Dec
105.18
102.6
Sep
102.24 May
100
Mar
100
Dec
102.24 May
100
Mar-2
__
_
..
4,,. 100 i'00.2
Mar
Feb
^' Treasury
4
11
«_•
•'
i_i
; ZJ.
; •;)
I*
—4-
—'
f
102.12 Apr
102.12
101.12 Dec
102.6
108.4
July
102.23
101.20 Dec
102.25
102.30 Apr
101.23 Dec
103.1
Apr
e__
103.2
Jan
102-28 July
:,;'
103.4
July
100.30 Apr
Oct
101.2
Jaii
101.8
Apr
Apr
May
Tuesday
AND
Low
High
HIGH
SALE
Wednesday
Mar. 23
PRICES
Thursday
Mar. 24
Low
High
—< 1
v-
4-!
(
101.16 Jan
20
,—L—•
<■.
^ •: :
—
J
*
M
_•
103.23
*103.20
103.23
*103.20
103.23
*103.18
103.21
106.1
■>105.30
106.1
*105.30
106
*105.29
106
107.30
107.30
*107.30
108.2
*108
108.4
*108.6
108.10
*104.26
104.29
*104.26
104.29
*104.26
104.29
*104.26
Mar. 28
Low
High
Sales for
the Week
Bonds (8)
104.29
*107.30
108.2
*107.30
108,2
*108
108.4
*108.6
108.10
*107.30
*108.6
108.10
*105.30
*107.30
108.2
108.2
*107.30
*107.30
108.2
*107.30
108.2
*107.30
108.2 t
*108
108.4
*108.6
*100.25
100.27
*100.25
100.27
*100.25
100.27
*100.25
100.27
*100.25
100.27
*102.16
102.19
*102.16
102.19
*102.16
102.19
*102.15
102.18
*102.15
103.16
*103.13
103.16
*103.13
103.16
*103.14
103.17
*103.13
; r
"
/
'
'
'•
-
'
2
%s_—_—__i.—1952-1954
Dec
94.10 Jan
15
97.8
Mar 25
Dec
103.4
94.14 Jan
15
97.9
sales transacted
this day.
108.2
*108
108.4
■*1031.12
103.14
*103.12
103.14
103.14
*103.12
103.13
*103.12
——1956-1958
*103,19
103.21
*103.19
103.21
*103.17
103.19
*103.19
103.21
*103.19
1,000
-—1962-1967
*101.15
101.18
*101.15
101.18
*101.15
101.18
*101.17
101.19
*101.20
r
—
103.21
2,%S,
101.23
-f——1963-1968
*103.11
103.15
*101.3
101.6
*101.3
101.5
*101.3
101.5
*101.5
101.7
*101.8
101.10
;1964-1969
*100.27
100.29
*100.27
100.29
*100.26
100.28
*100.28
100.30
*100.30
101
1964-1969
*100.26
100.28
*100.25
100.27
*100.25
100.27
*100.26
100.28
*100.28
100.30
1965-1970
*100.24
100.26
*100.24
100.26
*100.24
100,26
*100.25
100.27
*100.26
100.28
1966-1971
*100.18
.100.20
*100.18
100.20
*100.18
100.20
*100.20
100.22
*100.22
100.24
Jun
1967rl972
*100.9
100.11
*100.9
100.11
*100.9
100.11
*100.11
100.13
*100.12
100.14
Sep
1967-1972
*101.18
101.20
*101.15
101.17
*101.13
101.15
*101.16
101.18
*101.16
101.18
,_Jun"
2%s
2%s
2 %s
2%s
2%s
'
-
Dec.
1967-1972
*100.9
100.11
*100.9
100.11
*100.9
l'OO.ll
*100.11
100.13
*100.12
100.14
1951rl953
*103.20
103.23
*103.20
103.23
*103.20
103.23
*103.22
103.26
*103.21
103.24
—1952-1955
2 %s_—1
2%s
*102.10
102.12
*102.11
102.13
*102.10
102.12
*102.10
102.12
*102.10
102.12
*104.18
104.20
*104.16
104.20
*104.16
104.20
*104.16
104.20
*104.18
104.2^
*101.30
102
*101.29
101.31
al01^27
101.29
*101.29
101.31
*101.29
101.31
100
*100
100.2
*100.1
100.3
*100.2
100.4
1,000
10,000
2%s
2'As
1954-1956
w,
1956-1959
2%s
—Jun
:
i *100!
1959-1902
100.2
100
*100
100.2
*100
100.2
100
*100.1
100.3
*100.2
100.4
100.28
*100.26
100.28
*100.26
100.28
*100.26
100.28
*100.26
2.500
100.28
£ *101.1
101.3
101.3
*101.1
101.3
*101.1
101.3
*101
101.2
1949-1951
*101.4
101.6
*101.4
101.6
*101.4
101.6
*101.4
101.6
*101.4
101.6
1949-1951
*101.8
101.1O
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.7
101.9
2s
;
Dec
2s
Mar
1950-1952
Odd
lot
!■ *100.26
1950-1952
Sep
*101.1
100
*101.13
101.15
101.13
101.13
*101.12
101.14
*101.12
101.14
*101.7
101.9
*ioi.i6
101.18
*101.14
101.16
*101.15
101.17
*101.15
101.17
*101.13
101.15
1951-1953 :*101/17
101.19
*101.16
101.18
*101.15
101.17
*101.15
101.17
*101.15
1951-1955
2s
Treasury 2s_
Treasury
Treasury
Treasury
Treasury
i
,
1949-1951
2s
*101.14
101.17
*101.14
101.17
*101.13
101.16
*101.14
101.17
*101.13
101.16
*101.12
101.14
*101.11
101.13
*101.11
101.13
*101.11
101.13
*101.11
101.13
*10lj.ll 101.13
:•!■
j
2s
Jun
1952-1954
2s
Dec
1952-1954
>
1953-1955
:
2s
25-year 3s
a
;
Treasury 2S__4_i
Jun
Treasury,2s_J_4„J_Sep
Mar 22
No
'
2%s
transaction,
*101.10
2,000
101.17
*101.11
101.13
*101.11
101.13
*101.10
*103.14
103.18
*103.14
103.18
*103.14
103.18
*103.14
103.18
*103.16
103.20
♦100.6
100.7
*100.6
100.7
*100.6
100.7
*100.6
100.7
*100.6
100.7
1950
*100.15
100.17
*100.14
100.16
*100.14
100.16
*100.14
100.16
*100.14
100.16
*97
97.8
97.3
97.3
*97.8
97.16
1972
r
,
1948
Reconstruction & Development
10-year 2%s
1957
•
FRIDAY
103.16
,—1950-1952
.
l%s
1%S
International Bank for
—
CLOSED
102.18
*103^13
EXCHANGE
GOOD
108.10
___1948
108.2
1948-1950
f*1 Treasury
—
102.00 July
*J814_and asked price.
High
1959-1962
__
—
July
Friday
Mar. 25
Low
Dec
Treasury
101.12 Jan 30
Treasury
'
'Kir ''""T'i.' "■><<''
Treasury
101.16 Jan 20
Treasury
•*
100.20
of
the year.
point.
Dec
—
101.11 Mar 11
Apr
Apr
transactions
for
i
1960-1965
Treasury 2%s
Treasury 2s
—
Zi
'
only
range
1958-1903
__i
Treasury 2%s_—free
_——
—
Z.
the
the
2%s
Treasury
-Treasury
Treasury
Treasury
Treasury
—
Sep
are
.
*107.30
Treasury 2%s
__
Jun
100.7
sales
____1956-1959
__
Treasury 2'/2s
104.10 May
101.24 Deo
Ex-rights.
2 %s————1949-1053
Treasury
Treasury
Treasury
Treasury
Treasury
v,
104.24 July
104.14 Bep
101.24
High
unless
range,
sucn
-
Dec
__
104.12
*103.20
.
*104^26 104.29
•"
114.8
Low
High
y
300
Exchange
.
Mar. 22
—1955-1960
Treasury 3%s____
Treasury 3s__
105.28 Mar 10
Feb
108.16
Low
2,800
-
108.21
112.6
Bep
106.13 July
Monday
Mar. 20
EXCHANGE
>
"
104.25
111.23
Saturday
NEW YORK STOCK
2,100
12%
5%
V-
Ex-dividends,
x
mature.
LOW
-
Rang* for Preyfoua
5%
31
YEARLY
-
interest"—except for income and defaulted bonds.
Cash and deferred delivery sales are disregarded in the
the regular weekly range are shown in a footnote in the week in which
they occur.
No account is taken
the
in
New
5%
2,700
40%
27
Corp
300
9%
12
14% Mar 16
Jan
64
9%
30%
-
65% Feb
July
360
40%
*40
Oct
10%
130
280
82%
30%
40%
Feb
FRIDAY
95
9%
80
81 Va
12
12
40%
*40
9%
*78
60
17%
.
12%
40%
17%
50
97/s
83
25
61%
100
preferred
Bond Record
95
61%
134
100
series
21%
>Bid and
134
134
15
14% May
5% Jun
100
*132
132
53% May
May
16%
16%'/:
300
7,100
30%
common
cum
16%
17,400
56
30
No par
Y
Towne
Coro
17%
8 % /
8%
*54%
128
No par
series
conv
Aeronautical
Ac
York
16%
8%
10
Co
pfd 4%%
4%%
1KB
34% Jan
27
17
8%
10
8
21
,,
.
100
(new)
No par
10% Feb
'
8%
56%
common
8%
&
8%
(Del)
27% Feb
60
100
7,000
56%
Wrigley
Feb
"
Va
11%
57
Wyandotte Worsted Co
Jan
,
300
1
l
13
16%
14% May
85
20%
15
45
2,800
25%
10% Jan
33% Aug
10 Va May
200
42
41%
85
67% Jan
9
41%
20%
No par
Worthington P & M (Del)
Wright
*41
25%
No par
Co
Co
Prior pfd
5
41%
1,000
No par
(F W)
Feb
41
36%
36%
20%
torn
preferred
Feb
93
36%
'
85%
24%
5
Pwr
13
Apr
80
Dec
El
88%
*90
*36
10
Jan
68%
Dec
84
iff
94 Ya
100
41%
Rights
6%
*87
93
42
41%
20
preferred
Wisconsin
87
*90
*90
1
Wilson-Jones Co
9
87
93
93
40%
No par
Motor*
33% Jan
X138
5
87
86%
*90
20%
com
com
47% Jan 15
31% Dec
36%
86%
*86
93
24%
preference
Oil Co
$4.25
36%
86%
*88%
20
$4.50 conv pfd series A
I96 Mar 22
Mar 19
Machine
Wilson & Co Inc
8
36%
96%
*33
5.200
1
Willys-Overland
21
Jan
% Mar 19
145% May
9
Jan 29
16 Va Jan
11
35%
*85%
No par
(The S S)
Co
preference
conv
Wilcox
88% Jan 21
20
Jun
6% Mar 17
prior pref_
conv
Prior
15
61%
16
No par
29%
700
36
series
34
26% May
19 % May
5,400
27
12 Va
No par
$3.75
preferred
No par
Wheeling <te L Erie Ry com
100
Wheeling Steel Corp com
No par
8
9%
9%
*26%
com
Brake
Common
2
1,700
27'%
Westinghouse
43%
Dec
2,800
FRIDAY
9
105
May
160
CLOSED
GOOD
39
38%
*26
9%
Westvaco Chlorine Prod—
26
82%
EXCHANGE
7%
71/8
38%
9%
Western Union Teleg class A_No par
pfd
103
8'
38%
30
22% Mar 11
cum
102%
8 ft
39%
26%
37% Mar 22
Elec
7%
38%
106
9
30 Va Jan
3.80%
80
26
11
Weston
■VvVf: 30
104%
30
11
9
104%
*103%
26%
13
106% July
55
Jan
160
*103%
106y2
.%•'
31
18% Feb
pfd
115%
26 Va
25 Va Feo
cum
115%
30
100
32% Feb
3Va%
116
115%
16%
8%
100
Oct
10
105
41%
39%
Sep
Jan
9,000
105
17%
38
No par
com
series-A
Air
share
106%
115%
,
Shares
14%
14%
for
the Week
40%
7%
10
Dec
5
14%
$ per
40%
40
__1
pfd
RR
14%
*105
Mar. 26
S per share
17
Inc
2nd
non-cum
14%
105
106
106%
106%
Mar. 25
$ per share
Sales
Friday
Thursday
Mar. 24
>105
107
>105%
Coke
Supply Co
Maryland Ry com
Western
15
&
14%
105
>103
Auto
Western
4%
Coal
14%
14%
PRICES
Wednesday
Mar. 23
;■,
105
100
/
Power 4'%%
14%
HIGH SALE
S per share
$ per share
105
38%
Nov
AND
Tuesday
''
J
105
Paper com__No par
preferred
100
Western
10
35% Jan
28 Va Feb
26%
Dec
30
7% Mar 17
22% Mar 12
Feb
Mar
No par
31
Dec
94%
10
Dec
Va
Western
8% Jan 29
44% Jan
Dec
90
27% May
22% May
88
•
9%
Dec
(The) __No par
100
West
105% Jan
11
Co
;
West Penn
5
32%
Dec
Elec
Mar. 23
t per share
West Va Pulp &
Jan
42%
9% May
65
6
Penn
17% Mar 22
14
26%
West
44
2
38% May
4
Monday
Mar. 20
-
.
Monday, March 29, 1948
RECORD
Saturday
STOCK
EXCHANGE
105
Jan
STOCK
'
Highest-i
S per share
Jan
CHRONICLE
STOCKS
..
NEW YORK
Lowest
t per share
& l FINANCIAL
.
*
:t
Registered bond transaction.
97.8
97.9
101.12
*97
97.8
*97.8
97.16
*97
97.8
97.8
97.8
97.8
*97.8
101.12
97.8
18,000
97.16
15,000
THE
Number 4685
Volume 167
COMMERCIAL & FINANCIAL CHRONICLE
YORK
NEW
BOND
27
(1383)
RECORD
RANGE FOR WEEK ENDED MARCH 25
Thursday
Interest
bonds
Stock Exchange
.j
Week's Range
Last
Period
York
New
or
Sale Price
\ I,
High
Low
No.
BONDS
New
York
102 &
J-D
105%
37
102& 103
Stock
Interest
Exchange
Week's Range
Thursday's
Bonds
Bid & Asked
Last
Sold
or
Sale Price
Period
High
Low
§ADenmark
__._____1980
Corporate Stock
3%
Sold
Issue—
Unification
Transit
Low
Range Since
January 1
Bonds
City
York
New
Thursday
Thursday's
Bid & Asked
20-year extl 6s
El
Salvador
4s extl
f
s
3%s extl
3s extl
(Republic
January 1
Low
High
J-J
78
81
23
68
1955
F-A
63%
65 %
W
59
SO
a-0
58%
62
38
54%
82
1
62
95
of)—
—_„_Jan 1, 1976
*61
J-J
AEstonia
(Republic of)
French Republic extl 7s
55
J-J
*38%
453/8
45%
46%
Jan 1,1976
—:
61%
Jan 1. 1976
f $_.
s
f $
s
Range Since
,
No,
1962
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104%
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High
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*38
40%
39
41
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*
25
102
104
7s™_____1967
.1949
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102
~8
102
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O
Helsingfors
Irish Free State extl
Members New York Stock Exchange
Telephone
120
REctor 2-2300
fund
10
MedeUin
F-A
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60%
64
.1948
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60
65
66
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6s
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66%
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33
33
31%
34
34
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40
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33
33
31
40
§AExternal s f 7s scries D
.1945
A External s f 7s 1st series—.__1957
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J-J
33
33
33
40%
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33
33
33
38%
A-0
*33
35
32
40%
f 7s 3rd series__1957
A-0
*33
38
73
80
51
73
99
97%
98
110
97
102
s
f 7s series B
§ AExternal
s
f 7s series C
AExternal
sec
s
external 5s
(City)
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(Commonw 1th)
Australia
3%s
10-year
10-year 3 Vis
20-year
3%s
15-year
3%s
———
6%s_—
Belgium external
External
External
§ A Brazil
f
s
6s
f
s
(U
1956
1957
1967
1966
1962
—1949
—
3%s
20-year
'
1958
5s of '25-1955
—1955
___
7s____
of)
S
s
f 6%s of
AExternal
s
(Central
Ry)
1978
1926——1957
1979
1957
S
bonds
3%s
3%s
100
100%
5
M-S
Series
100
J-J
111
111
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50%
39
11
373/4
49%
38%
50%
A-0
J-D
1978
38%
38%
*50%
J-D
*38
(Plan
1944
B)
—
Series
No.
No.
—
6__ I—
3%s
Series
No.
7
3%s
Series
No.
8
Series
3%s
Series
3%s
Series. No.
3%s
Series
Series
Series
No.
3%s ^Series
No.
21
46 Vs
1
51
2
48
63
73
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56%
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47%
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Series
Series No.
21—
Series
No.
22.
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44
23
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No.
24
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No.
25
3%s
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No.
26—
J-D
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-'
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Series
No.
27
3%s
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No.
28
Series
No.
29
Series
No.
30—
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(City)
s
48
48
—
•:
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58
54%
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—
—
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48
—
Sinking fund gold 5s
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(Dominion of)
§A7s
—
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16
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104
13
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assented
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A 6s
6s——Feb 1961
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assented
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sinking fund 6s
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assented
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1957
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70
70
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92
1970
75
75
17
75
92
1955
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93
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series B
of)
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1947
19%
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21%
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extl
22
27
14%
15%
4
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17
1960
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15%
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153'4
101
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6s 2d
ser
1961
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153/4
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1940
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—1968
f
s
89
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s
f
sink fund
M-S
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1958
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gold 8s
1950
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1961
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19%
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..2001
20
20
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A-0
18
a-o
21
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21
39
21
20
21
49
M-N
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•_
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do
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21
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1921
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gASinking fund 7s of 1926_^_.—1946
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25-year gold 4%s._
1953
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(Rep of) 7s_^_—__1951
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1949
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—(
—1949
4%s external debt—
—1977
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—____1953
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42
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frti.
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32
27
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34
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22
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extl
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water
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39
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--
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1
38
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M-S
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)_—_„._2012
—1940
32
41
32
83%
35%
86%
57
71%
a-o
a-o
30
32
a-o
Stamped pursuant to Plan A
(Int reduced to 3.5%>)___—1978
45
69%
e69
I 'l; '
v
FOREIGN SECURITIES
FIRM TRADING
*37
43
44
44
63
64%
25
58
82
57%
58 %
19
53%
,
MARKETS
79
M-N
*12%
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15%
18
—
—
64
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—
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3
115%
108% 110
.
2
108%
50 Broad
—
St, New York 4, N. Y.
110
118
*—
'
FOREIGN SECURITIES SPECIALISTS
101
.115% 116
■
f-ABI. MARKS & TP- mc.
102
32
*100%
•
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110%
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110
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.
.
67
70
i
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75
38
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29
I" ! For Financial Institutions
73%
70
46
-
29
1968
7s
39
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;
32
f
—
29
J-J
30%
s
25
V
33%
32
(Int reduced to 2%
31
—
—
30%
,
*
22
.
J-J
§ASecured
25%
».
v
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dollar loan
35%
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extl
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.<
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.
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31
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.
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t
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—
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;
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24
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'
•
J-D
1952
page 30.
27%
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:
extended to
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footnotes see
30%
18
26%
—
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90
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—
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■
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1960
24
33
—
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\
27
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--
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—
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<
(Int reduced to 2.5% )..
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ser
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(Int reduced to 2.5%)
:u_1999
external sink fund gold
1968
21
11
——
106
1st
1959
\
23%
21%
——
——
J-D
1962
;
203/4
19%
-v
95
104
/
2008
external 7s
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..
(Int reduced to 2% )—1—.2012
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1936
22%
21%
95
37
A6s
23
167
*26
80%
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89
104
•<
'
*
A-0
——1962
.
18%
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23
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—
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M-S
7s
(City of) 6%s___
.1952
(City) 8s
1952
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(Int reduced to 2.375%)—-2001
A6%s extl secured s f_-.__._~.1957
22%
45
21
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3s external s f $ bonds—'——-1970
A
21%
80
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..1967
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.
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22%
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20
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Oct 1961
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of
—
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19%
—
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21%
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fund 6s__
101%
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49
a-o
(Hukuang Ry) 5s„
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21%
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2ft
70
1963
"
19%
-
19%
—1961
——
A7s assented
Colombia
'
33
34
t.
9
loan
1953
Rio Grande
102
18%
6s__1—.1961
assented
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21
—
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....—____1961
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!:
_
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:
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.1961
sink fund
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21%
/:"•
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M-S
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A Guaranteed
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M-N
6%s___.... 1957
'
—
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—
F-A
1963
fund 6%s
•
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(-1963
———v
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A
97%
99
_
29
74%
73
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101 %
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104
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sinking fund 6s
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96"%
99 %
95
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-.1942
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71
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municipal loan
.—1967
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2004
1043/4
4s
3 Vis—
25-year
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1960
.
967/s
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91
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(Int reduced to 2.375 %)__•__2001
57
m-s
97
31
9574
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(Int reduced to 2.25% )
—1957
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,—1950
95
*20 %
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f 5s
3
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30
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'
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(Int reduced to 2.25%)..—2006
§ ARio de Janeiro (City of) 8s_
1946
48
52%
—
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(Int reduced to 2%)
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—
II
mm
18
23
>
M-S
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;
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1966
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48
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r
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a-o
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4%s__
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(Int reduced to 2.375%)
::
56%
54
.
——
53
__
47%
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;
44
56%
41
—
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assented 5s__——1963
3%s ext to..;
1994
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3%s
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54
«
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53
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—
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8
75
ref 3%s
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56%
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16
10%
-
10
72
fund
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65
*50%
v,
,*
—
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16
75
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65
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•
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8
1956
A4%s assented
60
1
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—
90
A Stabilization
49%
-
e49
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:
57%
'
~7
7
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—;
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—
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-
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58%
52
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—
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37
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j-d
mod
sec
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59 '
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——
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—
32
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to
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59
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*
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58%
*
32%
21
48%
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$
>
80
377/«
583/8'
■
27%
34
7%
5
'
49
——
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18%
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5
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f 6%S—_
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9
48
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91
49
20
46%
I
78
38
50
e50
22
(Republic) —
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60
3%s
3%s
62%
61
48
20
No.
49
49
46%
—
3
28
88
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'
1958
Municipal Bank extl s f 5s
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493/8
*53
lftllllllllllllll"
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3%s
—
12
!
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1952
V
external—.
f
s
61
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3%s
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48%
e50
J-D
hIIIIIIIIIIII™
No.
62%
49
50
31
90
fund
37%
1
22
5%
32%
1942, agree.1963
f 6%s_
s
sink
62
38%
25
24
5%
3-D
.1945
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(Int reduced to 2.125%).
J-D
...
11——
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-
9
No.
sink
4s
—
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1
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28
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agree. 1963
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44
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—
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12
22
16
M-N
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a-o
J-D
No.
37%
4
100
13%
27
14
J-J
a-o
—1945
(Kingdom) 3%s
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1931 due—1951
4
Series
50
16
1943
Netherlands
Ext
3
Series
(Int
62
6
98
Stamped pursuant to Plan A
114%
1
51
J-J
*23 %
1954
(State)—
ASec external
108%
21
A-0
2
Series
106 %
50%
50
MS
1942, agree_1968
to Nov. 5,
Geraes
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J-D
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51
199
7%
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78
-
.
Stamped pursuant to Plan A
(Int reduced to 2.125%)
90-/8
104%
37%
A-O
163%
7s__1957
of
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100
111
13%
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Milan
Minas
50%
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31
107% 107'/a
J-D
No.
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3%s
83%
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3%s
85%
16
1
No.
85
5
85%
/
•
Ass'td to Nov. 5,
91%
85%
16
§ AAssenting 4s of 1910
93
87%
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Series
3%s
of
87%
5
85%
J-J
extl 5s of 1899 £—1945
(US)
A Ass'td
8
84
35
AAssenting 4s of 1904.
1954
Ass'td to Nov. 5, 1942, agree.1968
A
87%
86V2
1979
Stamped pursuant to Plan A
(Int reduced to 3.375% ) — -1979
External
86%
§ A Mexico
40%
87%
F- A
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6%s__:
1899
Ass'td to Nov. 5, 1942,
87%
J-D
18%
7s__——1951
,
§ A Assenting 5s
87%
87%
J-D
-1952
.
funding bonds of
33%
18%
1952
_
(Colombia)
Panama
Stamped pursuant to Plan A
(Int reduced to 3.5)
5%
F-A
J-D
Stamped pursuant to Plan A
(Int reduced to 3.375%)
A7s
_
J-D
6%s of 1927
f
98
J-D
1941
8s
Stamped pursuant to Plan A
(Int reduced to 3.375',v)
.
J-J
—1955
_•
external
Stamped pursuant to Plan A
(Int reduced to 3.5%)
AExternal
J-D
__
Ass'td to Nov 5,
40
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coll 7s A___—1945
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1977
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1977
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1977
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1947
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1960
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1964
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1951
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L
mtge
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67
5774
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gtd 334s
Cin
115
90
j-j
4s____1952
conv
73%
111
79
Apr
274s"ser G
1
—1974
City Ite & Fuel, 274s debs__-_____1966
City Investing Co 4s debs________1961
RR—
1st
1st
Union
mtge
1st
30%
16
99
25
Gas '& Elec
1st
•
4
■' •/'
G—
ser
7174
114
'
1994
F____
\yest'n Indiana
20
5
\
1st & ref 4%s series D__________1962
103
25%
99
mtge 274s
Chic &
5
41%
55%
•"
1951
_!«•_„
72%
94%
35
129
24
Apr
A__Jan 2019
Station—
100
13
j-j
...
.1994
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1
11?
93
91
6274
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ser
v
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j-j
1939
4%s
3
111
6174
1956
B
ser
mtge 3 Vis series
Cleve
Baltimore & Ohio
3s
Union
101
—
104% 104%
99% 101%
2574
j-j
-1966
debs
B—
ser
1st
119%
109
1964
4s
2%s
119'/a 119%
109
M-N
-July 1952
General unified 4Vis A
Atlantic & Danville Ry 1st 4s
inc
:
82
19
.
9574
110%
108
10974
;
80%
Jan 2003
4s
72%
114
„
110%
-7 : ft,
j-j
A.vJan 1 2019
ser
117
j-j
__1994
mtge conv
Chicago
119%
M-N
j-j
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RR—
ser
inc
104
4
100
3974
114
Jan 1983
Pac
Income 274-4V4s
100
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-
4s
&
1st
A-0
Ry—
-1963
4s
cons
•
97%
.
M-N
Memphis Div 1st gold 4s
1951
Chic Terre Haute & S'eastern Ry—
1st & ref M 274-4%s___
1994
81
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72
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A
ser
Paul
39'/J
j-j
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111%
99
*9374
—
.1985
Chicago St L &"New Orleans 5s___1951
10274
101% 10174
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mtge
Gen
99
j
..1997
1st mtge 4s series A_____:
109%
101% 101%
—
4s inc
Gold 3%s
10174
A-O
5s__
Chicago Rock Island & Pacific Ry—
97
10974
*
1995
•.
91%
10174
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—1966
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A-O
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July 1 1995
Atlanta
94%
A-0
Atchison
Topeka & Santa Fe—
General 4s___'
93
F-A
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conv
104%
17
103% 104
;
'
July 1995
5s
9074
ft
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1962
gold 4s
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.
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95 %
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1st
92%
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111
1 04
101%
115
110% 111
111 %
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•
2nd mtge conv inc 4%s_—Jan 1 1999
10374
94%
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11074
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98%
92
92%
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—
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'
79
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—v->:
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121
26
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j_j
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103%
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374s ser B
v
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gold 4s
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Chicago Ind & Sou 50-year
28.
104%
10074
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85
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-——1982
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conv
Ann
M-S
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2%s
1
97%
~
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i
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19%
10074
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A 1st
,
__
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j_j
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—Jan 1 2033
Chicago Ind & Louisville Ry—
•
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12674
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RAILROAD AND INDUSTRIAL
COMPANIES
Alabama
ref
AGen
*23%
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gold
cons
4Vis series B___ji_—1977
ref
92
90
&
Chicago
85
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3%s D__.j___.199g
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ref
&
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86%
76
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85
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121
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or
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118
75
•
76
84
J-J
1952
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&
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1992
:
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R
90 %
121
76
Week's
'
Last
Sale Price
Low
Ref &
7%
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75
J-D
7s__——1958
external
751/8
'
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8'/a
118
M-N
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13'/a
85
*110
1979
conv__
Provinces
3%
6
*110
—.1979
774
13%
90%
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York
Chesapeake & Ohio
General gold 4%s
*110
M-N
M-N
extl
(City)
18
BONDS
"
Stock Exchange
/
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4%
-
readjustment—1978
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4-4 74-4
of
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13 Vi
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-
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New
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3%
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J-J
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1957
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4'/8
M-N
——.1958
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Monday, March 29, 1948
Thursday
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M-N
extl—_i—_-_1962
sec
ENDED
(Kingdom)—
external.
secured
A7s
A
Slovenes
&
WEEK
FOR
CHRONICLE
Week's Range
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Sale Price
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Serbs
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YORK
NEW
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FINANCIAL
&
1965
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-
.
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111
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—
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—
1
'
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102
10374
103
105
.
—
—
.
—
Volume
167
Stock
Last
Period
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mtge
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ser
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1956
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series B_
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102%
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1961
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ref
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76
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6%
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102%
100
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102 %
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102
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1
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73%
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73%
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96
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mtge 2%s__1976
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—Feb 1957
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121
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24
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—1951
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1951
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■
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1975
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1987
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23
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50
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169
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63
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86%
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118
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86
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84%
99
Y
82%
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89
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83%
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164
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82
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67
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62%
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57%
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91 Vi
J-D
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98%
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87
7
99
—
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--
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98%
100
70 VA
74
72%
19%
5
76%
81
A-O
69'A
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79
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72
1940
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122
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350
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63
*
J-J
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—
i.,/
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29%
162
26%
5
31
1
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67|7;.
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27
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31
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30
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42
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73
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121
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gen
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32
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109
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56%
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49
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29
127
128 Vi
109%
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128
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101% 102%
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31
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1951
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1962
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1952
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series
A
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ref
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stamped
For
footnotes
see
page
30.
MS
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gold
MS
73
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122
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3
110%. 111%
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lien
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"l
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34
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110
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121
MS
1949
Long Island unified 4s_
——
36%
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73
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4s
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Northern
101%
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101'A
(Minn)
101% 101 S3
23
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25
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1937
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31
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98
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1993
& Gas 2%s
9%
J-D
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1
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Norfolk
—
99 Vi
72
4s
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99%
—
100
79%
1954
Y
89
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30%
72
27%
;:V
86%
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Y Steam
94
81%
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A___._1973
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mtge conv inc 4%s .ser A_2022
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91
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1957
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85%
62
21,
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88 Va
60-
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,
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1973
West
8.4
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24
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84
64%
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86
—
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102%
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117%
J-J
1—:_1997
!l997
La*e Shore coll gold 3Vis__._„_1998
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1998
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1,—,1998
New York Chicago & St Louis—
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_*
1980
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_____1986
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1975
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—L
1951
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2000
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2043
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„2043
N
97'A
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__
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95
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97%
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'
registered
104%
*100
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91%
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85
26'A
29%
99%
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:__1998
85%
4
—
72
—
97%
14
*102
A-0
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91
■
27
4%s series A,__—,2013
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,2013
&
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12
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103% 103%
*96%
J-D
M-N
.
84'A
86%
99%
103%
York Central RR Co—
Ref
101
63
85%.
90%
*—
—
Cons 4s series A!,'
87V4
—r
96 Vi
72%
88%
91'A
M-N
1956
1st 5Vis series A
96
94
.*87%
64%
—
D
series
4%s
82%
*96
96'A
F-A
78'/a
6
F-A
Certificates of deposit!
881/4
'
—
Harbor
F-A
1964
59 Vi
68'/a
71%
A-O
ACertificates of deposit
,
1954
54%
13
70
3-D
A-O
J-D
1956
deposit—
1
of
§ATermmal 1st gold 5s
—1954
19
77
.
$N Y Susquehanna & Western. RR—
86%
*91
'
—
57%
75 Va
M-S
1954
1st
10
87%
57%
RR—
B
series C__
5s
AGeneral
94
87%
64 Vi
76%
M-N
,,1983
Northeastern
&
2
94
/;
—
79
57 %
J-D
.M-N
ACertificates of deposit,
176
1*...
99% 100
M-N
1986
1974
Power & Light 3s
A
971/4
99%
1%
1%
*103
F-A
,1982
„—,
—
A
45
169
*
M-S
,1952
1961
.
§ A 2d gold 4 Vis,,
Lehigh Valley Ry Co NY 4%s ext_1950
Lehigh Valley RR—
4s
71%
e>
97%
97 V4
100% 101
J-D
199,7
1970
fund 5s___!
ref sink
Val
74
4Vis series A
.1952
Orleans Term 1st gtd 4s— —1953
New
Co—
stamped
1st & ref sink
5s
79
,1948
5s
Orleans
112%. 112%
169
T%
112
44
98
*112%
101
100%
97
75%
100
cons
Jersey
100'A
110%
*—
*97
96%
97%
.*111%
J-J
103
102 %
102% 102%
*97%
a-o
99%
98%
99 %
*93%
97
94%
__
J-J
1975
reg
&
5s stamped
Leh
77%
Junction RR gtd 1st 4s
"
25%
:
Gas
Orleans Great Nor 5s A
52%. •••■58%
J-J
Co Ltd—
Valley Coal Co—
1st & ref sink fund 5s__I
5s
78%
,—1967
1954
debs
New
Lehigh
1st &
F-A
2%s debs-1970
4%s series B
,A Certificates
130
1964
___
mtge income
mtge
62%
1986
Supply 2%s
debentures
3s
A 1st
57
56%
.1959
Sou gold
registered
Coal
59%
& St Louis—
3s ser B
N Y Pow.er &
A 1st
61%
a
England Tel & Tel 5s A
N J
85%
85%;,
64 '/a
A-0
gtd 3%s
1st
series A
5s
Chattanooga
1st tgd
100%
;
65%
47
87
1977
ANaugatuck RR 1st gold 4s
82%
100
61'A
79
97
--
64
~4
75
64%
27%
N Y
Lehigh
75
61
64%
*74
J-J
J-J
iNew Orleans Texas & Mexico Ry^—
95,.:
90
|
1997
Koppers Co 1st mtge 3s,f AKreuger & Toll 5s ctfs
Lautaro
7l'/e
71%
New
J-D
1961
unguaranteed
Kings County El L & P 6s___
3%s
11
Ref & Imp
77 -Z
1
11
*100% 102
J-J
196I
___
Lake Sh
74
331
Ref
1952
Pow
& Mich
Stamped
73%
72'/a
74
J-J
71%
RR—
Kansas
1st
56%
68'/a
5
71
88
1963
A
ser
91
1963
City Power & Light
Kansas
50%
63
1965
1975
New
K
Kansas
93
49
73%
18%
.
.V
Kanawha
90
56%
1,036
101
94
A
Jersey
93
71%
23
102
101
105
3-D
1st 5s series B.._
1955
A 1st gold 5s series C
1956
§AInternat Hydro-Elec deb 6s__„_1944
Int Rys Cent Amer 1st 5s B
1972
Frankl
91%
54
v;:/.
New
Y—
1963
A„
Adjustment
James
93
56%
78%
A 1st
111 & Iowa 1st gold 4s
1950
Indianapolis Union Ry Co—
Ref & Imp 2%s ser C_——£1986
♦International Great
100%
--
*102
F-A
101
21%
O—
D__
ser
Ry 4s
100
97
'
■
„
57
98%
77%
83%
104'A
97
3
8
22%
New
99'A
5
101
78%
Newark Consol
95%
99%
99%
101
M-N
1051%
77
96
51
M-N
National
97"
99%
■
F-A
101
104'/a
:,
*100'/a
99%
Indiana
A
J
■',*
f-A
Chic
Illinois Terminal
A 1st 6s
^
99%
4s_____^_1951
1st & ref 4 %s series C
1st
;
101
102'%
2
79%
*96%
Registered
111
81 %
104'A 104%
81
103'/a
95
2
103%
98%
74
_2
—1978
1st mtge
98
81
1951
gold 3s
—
Div
-■■'X
97
105
51
-73%
—1962
5s series F
National Dairy Products
99%
■
96
104%
J-J
St Louis
67
105
3-D
Louisville Div & Term gold 3%s_1953
Omaha Div 1st gold 3s„„—1951
& Term
99% 100%
97
F-A
1950
16
106'/a
J-J
_—-1978
& ref 5s series G_
Nashville
101%
z
100%
84%
104%
24
105%
N
103
100%
100
80
51
51
J-J
2000
1955
Constr M 4Vis series B
1955
Mountain States Tel & Tel 2%s—1986
«
*101
■
J-J
Gold
*
__
—
100
m-N
—1951
Springfield
■1;, <•
—
*101%
100%
J-J
1953
4s__
—
Div
*101%
100%
99%
•
90
J-D
National Steel Corp 1st mtge 3s___1965
100 Vi
..M-N
1952
Bridge gold 4s_.
Litchfield
A-O
1955
lines
Collateral trust gold
Refunding 5s—
40-year
■: •
•
--.rY
m_s
iyb2
4s_
Refunding 4s
Purchased
103
*101% 103
Y-Y
100%
„
__
105
A-0
97%
95
100'A
96
A-O
-
5s series A—Jan 1967
adjust
1st & ref
Morris
■
gold
gold 3s sterling—
Collateral
9
97%
97
97
98
99 Vi
M-S
RR—
1st gold
Extended
J-J
97'A
100%
1949
1980
1981
Moh'k & Malone 1st gtd gold 4s__,1991
Monongahela Ry 3'As series B
1966
Morrell (John) & Co 3s debs
1958
96
104%
105%
'
99%
10
& Sault Ste
Paul
St
Constr
Illinois
M-S
gold 5%s ser A
;
A 1st & ref gold 5s series H
A 1st & ref 5s series I
125
88
94%
101
AConv
95%
£4%
*100
M-N
AGeneral 4s
3
105% 105'A
•
94%
119%
10
M-N
?
8:
96
90
90%
v.4
125
1949
Manhattan 1st 5s A.„_
income
1970
1962
.
series
J-J
95'A
95%
''*A:
j':
86
5
100
M-S
A 1st
M-S
100
1951
gold 3 % s
:
4%s series C
ACum
'
-
84%
*98
M-N
1950
.'
JMissouri Pacific RR Co—
A 1st & ref 5s series A
H
Hackensack
98
10
98
J-D
3%s
A
!
71
97
97'A
*97%
.
100
67
78
Drain 5%s
& Sag
40-year 4s series B
Prior lien 4%s series D
3
99
85%
*23
J-J
Marie—
1st mtge 4%s inc ser A—Jan 1971
AGen mtge 4s inc ser A
Jan 1991
Mo Kansas & Texas 1st 4s„:
1990
Missouri-Kansas-Texas RR—
Prior lien 5s series A
1——1962
RR—
series
inc 4s
Gulf States
1959
series B______
inc
76
Feb
Corp 3s debs
&
96%
97%
A-0
Minn
*57
4s
87
109%
5
69%
85%
M-N
1972
1966
2%s debs
mtge 3s
1st
Jack Lans
91
ser
ref
97%
Michigan Central—
97
91
ser
&
107'/a
92%
__
68
85%
M-N
Ref & impt
j-J
2%s
ctfs
Corp
1st
J-J
Bay & We§t deb ctis A
Mobile
Vi
109%
*—
1952
1979
Michigan Cons Gas 1st mtge 3%s,1969
1st mtge 2%s
1
1969
fS A Midland of N J 1st ext 5s
1940
Minnesota Mining & Mfg 2%s
1967
99%
mtge 2'As
1st
84
*99%
69%
J-D
(Southern Lines) 4s__1959
Manila RR
Metrop Wat Sew &
83%
97%
1990
P
ser
81%
mtge
Gulf
2
..
*109% 118
J-D
B*___
1954
Sugar 4s sink fund—Feb 1 1957
mtge &~con 4s ser
Metropolitan Edison 1st mtge 2%s_1974
200J
,
O
ser
103
9
99%
Gen
Greyhound
85%
.
94 Vi
*93
M-N
Manati
103%
103
84
99
Gen
ADebentures
95
85%
M-S
1980
& Co 2%s debs
1972
Maine Central RR 4'/2 s ser A,,.—1960
62%
50%
__
*82%
£9 Vi
1973
—
N
ser
3%s
M-"?
1976
series C
Gen
*102%
1952
General 4Vis series D
AGreen
gold
(R H)
Macy
1st
J-D
5s
105
9
96%
M-N
M-S
Berg Co cons 5s
1949
General Realty & Utilities
Corp—
A4s conv inc debs!
1969
General
96%
A-O
Mead
5 Vis
5
96%
M-S
.
RR—
M
-,1955
A
General
107% 107%
3%s„_4._196.6
ref
3s__Atl Knox &• Cine Div 4s
101%
of
(B
102'A
101% 101%
May Dept Stores
Elec
&
101
101%
110
104
J-D
1974
deposit,-.
Francisco Sugar coll
M-N
1959
,,1961
4%s__
ref 5s series A___j___
^Certificates
Gas
High
110'A
37
A-O
2d
Low
109
1963
Louis 'Div
No.
5
110
&
St
100
Range Since
January 1
Sold
High
110
&
1st
Bonds
Thursday's
Bid & Asked
F-A
Louisville Ga§ & Elec
Louisville & Nashville
96%
79%
M-S
or
Co deb 5s__——,1951
(P)
debentures
3s
93
81
"*81 %
M-S
Sale Price
High
Low
No.
93
J-J
J-J
Week's Range
Last
Period
Exchange
Stock
Low
High
65 Vi
A-0
York
M
&
East
1971
J-J
Interest
BONDS
Lorillard
4%s
25
New
January 1
Sold
29
RECORD
MARCH
Range Since
Bonds
Co-
inc
(1385)
Thursday
Range
Thursday's
Bid & Asked
Low
Erie
CHRONICLE
Week's
Thursday
Interest
BONDS
WEEK ENDED
FOR
RANGE
York
BOND
YORK
NEW
New
FINANCIAL
&
THE COMMERCIAL
Number 4685
100-% 101%
97%
97
101%
Co—
mtge 2%s
2%s__!
1974
1975
mtge 2%s
1977
F-A
A-O
A-O
&
*95
96%
97
.
97 Vi
*94% 101
21
—
95'/a
97%
96%
96%
30
(1386)
THE COMMERCIAL
NEW
YORK
RANGE
Thursday
BONDS
New
York
Stock
Interest
Exchange
Period
&
FOR
FINANCIAL
BOND
WEEK
ENDED
or
Thursday's
Bonds
High
No.
.Low
1st
1948
mtge
BONDS
New York
__
RR
3s
A-O
-1975
F-A
A__19G0
ser
10
U
M-S
9
100
10
16
98%
94 %
10
93%
94%
20
93%
Union
Oil
2%s debs
105
5
101
103%
F-A
J-J
99%
_1j76
J-D
94
-1963
A-O
Gas
to
Electric
1st to ref 3 "As series
1st to ref 3s series J
to Nor Ala RR
gtd 5s
Southern Bell Tel to Tel Co—
_1979
_1966
1st
&
ref
3s
series
L
Tel
27/as
&
Tel
f
101
17
100
101%
1st
Glass
101%
100% 101
33
99%
101%
101
1st
100% 101
4
mtge 2%s series
mtge 2%s series
99%
101%
1st
95
95
mtge 2%s series G
—
3
94%
J-D
—
97%
98
13
97
98%
J-D
92%
95%
A-O
1955
5s_1949
i*
1
J-J
.
.
-...I960
ctfs
General
1952
1975
48
49
*47%
'
A-O
100
''A
4Vis
Gen
Conv
Gen
Peoria
A
Pere
series
IOV/2
J-D
106 Vi
—1968
D
A-O
&
Eastern
4s
ext
;
95 Vi
113%
■
51
106 Vi 106%
'
'8
95
95%
95 Vi
95 %
96 V
99%
78%
1
A-O
61%
Apr
22
F-A
60%
100%
25
61%
20
.1996
Bait
to
Wash RR
5s
General
series
Apr
___1974
&
1st
&
ref
99%
94
99%
100
97%
78%
84
59%
106
34
61%
18%
23
103
99% 100%
to
ref
2Vis
1st
&
ref
2Vis
2Vis
,-—1971
——1967
___1974
.pri
JSAPhilippine Ry
1st
f
s
4s
1937
ACertiiicates
of
deposit
Phillips Petroleum 2Vis debs
Pittsburg Bessemer
106
99
100%
1st
Cine Chic & St
Louis
Cons gtd 3Vis series
E
Cons gtd 4s series F
121
106
109%
107
107'A
107
105
J-D
98%
M-N
99
100
100
M-N
98%
12
x
j-j
4
97%
2
97
10%
10%
8%
10%
1
5
4
52
102
34
97
6
Terminal RR Assn of St
Louis—
Ref & imp M 4s
series C_
___2019
J-J
94%
92'/a
; *3
Gas
to
Elec
114%
A-O
114% 114%
98%
M-N
100
97
98%
97%
98%
1
114%
116%
A-O
98 %
38
97 Va
99%
104% 104%
104%
32
103%
104%
"94
A-O
/
95%
90%
89
125
124
121%
~8
96%
100
J-D
"l
90%
*122
J-J
94
92%
90%
J-D
100
98%
94%
99
9
100%
J-J
73
72%
75
66
71%
83
A-O
46
45
49
160
42%
61%
J-D
♦„
1949
Af-S
♦102
1961
Af-S
*97
1971
1st
8%
94%
95%
'102
J 7
& coll trust 2%s
Oil of Calif 3s deb
Af-N
Pacific
2%s
Ref
987/a
98%
99%
98%
95
95%
102
102
102
110%
U
J-J
J-D
'101
110
Af-N
F-A
F-A
107
96
98 %
101
103%
99
100
92
98 %
18
92
■
99
100
--
108%
18
"2
-
—
102% 102%
32
10
RR— 9
99%
•
debentures
1976
mtge
F-A
.1991
.1966
S
Rubber 2%s debs.
2%s debentures
100
Af-S
A-O
*
*96%
96%
100
87 %
92
96
98%
91
98
92%
''
111
.1967
A-O
.1959
Universal Pictures 3%s debs
Af-N
Af-S
F-A
1957
—*
.1976
Af-N
91%
/
91%
15
*.._
■■
97%
97%
98
90
97
105
■
96%
*91
■
105
105
105
'104
1963
__
'104%
i960
.
102%
1955
j-d
_
108% 108%
A-O
.1970
2%s series C__„
United Biscuit 2%s debs_
95%
101%
1.975
.1967
debentures
Union
11%
101
3%s
mtge
2%s
Ry—
f-A
Electric Co of Mo
Union
13
100 J/8
—
.1964
'
'110% 112
Af-N
110% 110%
2
109
110%
1970
J-D
103% 105%
17
103
108
1975
A-O
103 % 103%
6
103
108
V
Louis RR—
3%s
—1965
A-O
85
M-N
102%
'
Virginia Electric
12
84%
102%
&
103%
102% 102%
1975
Af-S
103
103
J-D
102
102
2
j-d
*__
101%
1958
J-D
*80%
89%
1959
a-O
*80%
86
i960
A-O
*80%
84
lO^Va
5
1950
103%
94 %
7
98%
32
101
99%
100
9
1047/a
105
97%
99
96%
99%
1958
102
97%
*
*104%
A-O
1995
101%
101
97%
Af-S
J-J
1949
.2003
J-J
1
*100% 108
«
Power Co—
87%
4
85
1950
Pittsburgh Steel 1st mtge 4 Vis
lstmtge 4Vis series B
Pittsburgh & West Virginia
94%
98
96
46 Va
100 Va
■
97
1st
98
26
d?be"tures
94
94%
93%
11
•
97%
99%
97%
87/a
series E
1975
Pittsb Coke & Chem
1st mtge 3Vis_1964
Pittsburgh Consolidation Coal—
Af-N
lit
100
97%
*__
101%
97%
Apr
76 %
76%
Apr
*75%
"a
98%
•'
Ry—
mtge
4 Vis series A
4 Vis series b
1st mtge
1st mtge
4 Vis
series
C
79%
88
81%
W
88
79 Va
—
88
Wabash
Youngstown
& Ashtabula Ry—
1st gen 4s series A
1948
1st gen 5s series
B__;
1962
1st gen 5s series C
1974
1st gen 4 Vis series d
1977
APittston Co 5 Vis inc deb
_1964
Potomac Elec Pwr 1st
mtge 3%s.,_1966
Gen
J-D
100
F-A
117
•118 Ms
F-A
J-J
Af-N
1956
Af-S
1st & ref
3%s____1968
105
106%
••
.
__
102 >
11
'
*__
100
J-J
'105%
Af-N
'104
J-J
J-D
'210
qn
'
107
103
103%
142%
145
210
—
78
90%
94%
97%
6
94%
97%
88
5
88.
Af-N
88
79%
75%
"3
94
97%
97%
debentures 3%s_1976
conv
M-N
74
3
79%
94
2%s debs. 1966
%
85
90%
103
105%
Bakihg Co—
(subordinated)
1970
A-O
*105
210
J-D
West
90
>
105%
—
104%
Apr
Warren RR 1st ref gtd gold 3%s__2000
Washington Terminal 2%s ser A
1970
Westchester Ltg 5s stpd gtd
1950
Gen mtge 3%s__—
1
1967
11'
8%
.
215
G & W
l°7i
—
.
22
'141
..2037
(Hiram)
5%s debs
105%
—
——
11
1972
Ward
'
11
2037
mtge 8s
Walker
100%
Jan 1981
mtge inc 4%s series B__Jan 1991
mtge 3%s series B_._
.M —
100
'
;
'105% 106
1957
Public 8ervice
Elec to Gas
1st & ref
mtge 3s
1st & ref mtge 5s
1st
Co—
Walworth Co
II
'100% 101%
1983
4s___;
II
j_d
J-J
1977
Terminal
117
RR
mtge 4s inc series A
Gen
106
116
—
J-J
m®rfcSage 3s
1
Securities 4s
100
102
j.d
mortgage 3 Vis
t A Providence
tA Providence
1
F-A
50 %
102
J-J
Gen
+
-1971
103%
102%
8
J-J
Union
'
98%
*95'A
mtge 5s series A
Gen mtge 5s
series B
46 %
*101
106
'103%
96
U
100
98%
100% 100%
1953
50%
Af-N
99
98%
97%
j-D
8%
—.1957
95
107%
98
7
F-A
•
111%
106%
105%
33
J-D
1049
108%
*
J-J
1964
Cons gtd 4s
series G_
Cons gtd 4s series
H
Cons gtd 4 Vis
series I
Cons gtd 4 Vis
series J
St
J-J
94%
107%
12
-
105
-1966
gold 5s
Tri-Continental Corp 2%s debs
2%s__1996
& L Erie
Pgh
Pgh Cine Chic &
112
Co—
2Vis
1st
ref
f-A
116%
91%
15
-1972
Trenton
gold 4 Vis series C^..___1977
tr 4Vis
1961
1st
1st
*103% 103'A
47
*
A-O
.
78%
91%
112
*103%
J-J
series D_______1985
Texas Corp 3s deb—
__1965
Texas to New Orleans
RR—
1st & ref M 3Vis series B
1970
1st & ref M 3%s series
C__
1990
Texas & Pacific 1st
gold 5s_—2000
Gen & ref M 3%s series
E
1985
Texas Pacific-Missouri
Pacific—
Term RR of New Orleans
3%s__1974
Third Ave Ry 1st ref
4s
1960
AAdj income 5s
—Jan 1960
Tol to Ohio Cent ref
to
Co-
B______
Philadelphia Co coll
Philadelphia Electric
Pitts
J-J
impt 3%s_.1960
General
1st
109 %
!;Ref & imp 2%s
110%
94
.
3
22
'103
ms
104%
40
J-J
109
83
76%
90
11
93
Swift to Co 2%s debs
99% 103%
18
99%
A-O
91%
89%
101 Va
80
7
106%
-1951
4s___^
106
92
92%
84%
—
112'/8 113%
-1956
2%s
87%
28
78
94%
A-O
96%
100
81%
A-O
debs.-1985
Spokane Internat
69
46
82%
92%
102
88
-1956
96
79%
—
Sunray Oil Corp 2%s debs
100 S3
112
2
101%
78%
■
___1960
Union
101
77%
94%
95%
100
101%
81 Va
*91%
101
91%
'
101%
78
112%
13
95%
90
87%
__
J-J
94 Va
124
100%
100 '/a
1994
91%
V,
■
99%
J-J
—Apr 1990
Ry 5Vis.—1974
Ry 3%s ser D____1980
4s
Pekin
98%
97%
;.
14
''
■
113% 113%
A-O
Marquette
Phila
J-D
B_
.,
100% 100%
A_______\.__1065
series
.■
Tel
89
81%
J-J
99%
98 Va
93
-1956
-
103%
38
100%
.-■>
F-A
—1981
&
;
1st gold
J-J
.
94%
30
97%
:
72
'
957/s
*100
J-J
4s series A
Div
1996
89%
gold 4%s- .2013
Standard Oil of Calif 2%s debs_.
-1966
Standard Oil (N J) deb 2%s
106%
103 %
'100'/a
—I960
mtge 4%s series E__,_______1984
deb
3%s—
1952
mtge 3Vis series
1985
Income
Peoria
4%s'
series
St Louis
:
M-N
5s
105%
—
_
gold 5s
cons
Southwestern Bell
49
35%
__
___
Memphis Div 1st gold 5s
i
102%
100 3Ta
100
■.
1st
1986
F
Devel & gen 6s series A
Devel to gen 6%s series A
102%
•
•
-
—
48%
99% 100
A-O
M-N
General
—
H00
92
*102% 104
J-D
1948
General
-
—
47%
m-N
stamped dollar—1948
4V2S
100%
•
•102%
A-O
3Vis—1960
_____1965
fund
18
Light Co—
debentures
sinking
■96%
A
3s
sterl
94%
94%
.
Pennsylvania RR—
Consol gold 4s
4s
91%
8
■
*103
.
.■
Cons
2
'
100 % 100%
Af-S
Ry
Devel to gen
92%
95'A
Southern
E
95
87%
9
124
*78%
J-D
96%
Airlines—
to
Southern
94'A
High
92%
29
99%
92%
Af-N
1st mtg 3%s ser A.1975
Pacific RR Co—
100%
A-O
99%
95%
87-
32
*95%
MS
4%s
J-D
1987
Sand
1977
San Fr Term
101%
J-D
1986
Gtd 4s series E trust
s
101
1985
debs__
Pennsylvania Power
3s
102
Co—
Pennsylvania
mtge
100
A
93%
93%
Af-N
Gold
10U Va
1980
cons
1st
10
J-D
♦„
J-J
-1994
_
,107% 107%
J-D
debs__!
2%s
Pennsylvania-Central
Pennsylvania
10
1979
Paducah to 111 1st s f
gold 4%s
Paterson to Passaic G & E
inc
101'A 101%
101% 101%
1977
debentures—
conv
101 %
101%
8
93'A
J-J
(Oregon Lines)
_1981
debentures—
3%s
107% 107%
J-D
J-D
1974
Q
3 Vis
4%s
Gold 4%s
107%
1970
*
93%
F-A
1971
1st & ref 3s series M
1st to ref 3s series N
1st to ref 2%s series P
1st & ref 2%s series
Pacific
J-D
,
105
1st
I
Low
*100% 103
South
Co—
1st to ref 3s series
January 1
No.
*121.
J-J
Range Since
—
Sold
High
A-O
27/as debentures
Southern Indiana Ry 2%s
Southern Pacific Co—
Pacific
Bonds
Bid & Asked
_197l
95%
105
Range
Thursday's
or
Sale Price
Socony-Vacuum Oil 2%s__—
95%
94%
105
Last
Period
Low
12%
94 %
A-0
Interest
Exchange
t§ASilesian-Amer Corp coll tr 7s_ -1941
Skelly Oil 2%s debs
10
99 Vi
—
Stock
High
Shell
J-J
___1975
1st mtge 2%s—Z.
»
Oklahoma Gas to Electric 2%s
Oregon-Washington
•<
1974
Week's
Thursday
January 1
tOgdensburg & Lake Champlain Ry—
Edison
RECORD
MARCH 25
Range Since
Sold
Bid & Asked
O
Ohio
Monday, March 29, 1948
Week's Range
Last
Sale Price
Low
A 1st guaranteed 4s
CHRONICLE
J-J
F-A
50
*99
108
47%
10
101
J-D
Penn Power 3%s series I
1965
Western Maryland 1st mtge 4s
1952
Western Pacific 4%s jnc A
Jan 2014
'
50.
F-A
108
*106%
7
__
108% 108%
A-O
99%
99
♦__
May
100
54
100
25
101
108
"2
109
105%
: •'
107
109
106%
*
100
118
100%
:-97
99%
100
Western
7/r
i
•
.
,
i1,
;
Quaker Oats 2%s deb
1964
J-J
*98%
99
•
li 'liS <'
-j.»i: ■
<y
■:98%
:<t.
t
<
99%
Union Telegraph Co—
Funding & real estate 4%s
25-year gold 5s
1950
M-N
1951
M-S
95%
94%
97
76
88%
30-year
■
l°RO
J-J
87%
87
88%
59
,80%
90%
1951
J-J
100% 100 %
15
99%
101%
97%
5
Westinghouse El & Mfg 2VbS
■
2%s
R
Reading Co 1st to ref 3Vis ser
Revere Copper & Brass
3Vis
Rochester
Gas
to
Elec
D_
i
lARut-Canadian
UARutland RR
4s
AT-N
83%
85%
102%
102%
ref M
m-s
M-S
'106
107%
107%
Wilson
MS
'104% 105
104
105
Winston-Salem S
1st
.
___1969
stampede
1941
'105%
j-j
7%
8%
10
7%.
j-j
9
19
St Lawr to
'
Adir
m-s
1996
A-O
St Louis-San
Francisco Ry Co—
1st mtge 4s series
A 2nd
St
A.—.—_
mtge inc 4 Vis
ser
4s bond
2d 4s inc
,
S( Co 1st
1997
J-J
82%
80%
bond ctfs
82%:
May
56%
54%
57%
Paul
Union
1st
cons
Nov 1989
1990
gold 4s_1968
Dept 3Vis B
>100
m-n
85%
97%
Jan 2016
2%s—_ 1966
97%
j-j
102%
101
I-
79%-"
—*
*
;
97
*
,59
98%
64%
57%
*103
'
99%
62
103
103%
J-D
M-S
J-J
*94~"
A-O
102% 102%
95%
95%
•
95%
27
93%
96 ya
94
95
B
1st
99%
4s
790
1960
J-J
1949
J-J
■
:
96
35%
j-D
Wisconsin
*30
—
Service
34
.
103%
111%' 111 %
„>rv
66%
'"64
295
-35%
253
75%'
71
Af-N
ACertificates of. deposit—
Wisconsin Electric Power 2%s___—1976
Public
64%
101%
J-J
:—
1st 4s—1936
•
*110
65%-
14
95%
1 37
96
3%s
1971
J-J
—1976
J-J
♦92%-
,
30
10
93
1
103
103 V* 103%
Yonkers Elec Lt & Power 2%s
73
19%
35%
'
30
:
96
4104
99%
80
i512
,.1958
' •'
84%
51%
,
,
...
;
57%
4
;
V,
*
104 Vi
4
85%
6
80%
94%
92%
92%
98%. 104%'
99
228
89 %
85 Vi
99
'.
102%
10
101
102%,
'127
101
-
__
1970
A Certificates of deposit
1
-
a
9
98%
101
j-j
66 Vi
64
66%
149
J-D
61%
68%
93%
93%
93%
4
92%
94
in
the
included
in
delivery
sale
not
year's range,
the
n
included
unit
of
bonds.
Accrued
In
the
year's range,
d Ex-interest,
Under-the-rule sale not included in the year's
year's range.,
y
e
Odd-lot
range.
sale
Interest
tThe price
payable
at
represented is the dollar quotation per
the exchange rate of $4.8484.
^Companies reported as being in bankruptcy, receivership, or reorganized under Section
the Bankruptcy Act, or securities assumed
by such companies.
tThursday's bid and asked prices;
A Bonds
selling flat.
not
rCash sale
Ex-coupon.
SNegotiability impaired by maturity.
pound
100% 101
Deferred
included
not
M-N
1996
Af-N
1992
tWisconsin Central Ry—
J-D
A-O
1989
104.
j-j
1971
Scioto V & N E 1st
gtd 4s
Seaboard Air Line RR Co—
1st mtge 4s series A—
AGen mtge 4Vis series A
Seagram (Jos E) to Sons
79%
.
j-j
4
^ -§ A 1st general 4s___
:
_r
1989
56
mortgage -3s
8%.
96% "98
77%-
,
j.
Gen & ref gold 5s series
A.
St
96%
84%
t
J-J
A___Jan 2022
certificates
St Paul & Duluth
"96.V
*—7'
*75.*
-.
1955
Louis-Southwestern Ry—
1st
j-j
64%
61%
1967
9%
7%.
-7%
S
2d gold 6s
St L Rocky Mt to P 5s
stamped
63%
" 61%
mtge 3%s series D
§ ASu to Du div to term
series A—___ 1971
1st gold 5s
1996
2
63%
61%
95
__
|
Saguenay Power 3s
98%
M-S
Wheeling Steel 3 Vis series C___
m-s
1967
98%
60
Af-S
2%s series A
1977
98%
99%
—1949
Wheeling to Lake Erie RR 4s
Gen- to
M-S
98%
2361
!
1967
:
stamped:.—__1949
4 Vis
85
101%
1971
99
2361
1st 4s guaranteed
Registered
85
Corp—
Gen mtge 3%s series
H*..
Gen mtge 3Vis series
I
Gen mtge 3Vis
series J
debentures
West Shore
Af-N
i960
Gen mtge 4V2s
series D_
.
1995
5s
no
sales being
transacted during current week.
,
20077 of
THE COMMERCIAL
Number 4685
Volume 167
&
9
FINANCIAL
CHRONICLE
(1387)
•
31
NEW YORK CURB EXCHANGE
WEEKLY
In
the
in
footnote
a
AND
YEARLY
RECORD
sales are disregarded in the week's range unless they are the only transactions of the week, and when selling outside
week in which they occur. No account is taken of such sales in computing the range for the year.
and deferred delivery
NOTICE—Cash
the regular weekly range
shown
are
following extensive list we furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on
Saturday,
March 20 and ending the current Thursday, March 25 (Friday March 26, being Good Friday and a holiday on the Exchange).
It is compiled from daily
reports of the Curb Exchange itself, and is intended to include every security whether stock or bond, in which any dealings have occurred during the
In the
Current year.
'.KV".
Last
Range
of Prices
Shares
i
■
Low
Par
Acme
Wire
Hat Stores
Co
5%
4%
534
"5%
51/2
5%
700
Inc
2%
3
3 Va
2
3%
7%
British
Mar
137/a
6V4 Mar
3
•'.< 3
preferred
60c convertible
12%
12%
300
11
Feb
13%
Jan
12%
12 Va
100
11% Mar
12%
Feb
British
Celanese
Ltd—
dep rets ord
British Columbia Power class A.
Air-Way
3
Alabama
Power 4.20%
Alaska
Airlines
Alles
Fisher
&
5%
57/a
6 Va
50
86%
86%
86%
pm-m
92%
Appliance
Electric
Alabama Great Southern
——100
pfd
-
Ltd
6%
500
19
(E L)
Mills Ltd
Feb
6%
200
54 V*
•
11%
%
36%
Bantam
Car
1
Fork & Hoe
6%
Burd
$2
convertible
20
50
Feb
61 %
9
Feb
•13
750
155
Feb
182
Mar
36
Mar
96
$2.50
17%
18
337/a
33%
34 %
preferred
American
Class
Canadian
109 Va
Jan
111%
Feb
1%
Feb
2 Va
450
33
Jan
40
Feb
Class
A
Class
B
15%
15%
15%
1,600
Feb
17%
Jan
31% Mar
32 Va
Jan
16%
15%
16%
900
14%
16% Mar
3%
3%
3%
29,500
15%
3
Feb
Feb
20
21
200
17%
38
40
600
38
3%
Mar
7 7o
Feb
Carey
2%
2%
Carman
&
51
-Jan
Carolina
32%
25
31
Feb
36
Jan
32'/a
33%
700
x30
Feb
36%
21%
7,800
25 ■>
Jan
4
Va
4%-
18% Mar
700
1
lil.
3
23,200
*7/7
4%
5
&
Inc
1,500
6% Mar
8
Feb
2%
2%'
3 Va
4,700
2
V* Mar
3%
Jan
19 Va
19%
150
18
Jan
19 Va
Co
3%
—
—
■—
Power
&
Light
Feb
Carr-Consol
$5
pfd
1%
Amer
dep rets B ord
Carter
Co
<J W1
9%
300
9
9 V*
200
8
2.500
36
Mar
Jan
4%
5
5
1,100
49
50
49
4%
500
4%
Jan
5
Jan
Castle
Feb
9
Jan
Catalin
Feb
8%
Jan
5%
Feb
6
Feb
(A M)
x6
300
common
7%
Power
Maine
3.50%
Banco
de
Power &
Central
&
Jan
Feb
10%
102%
102% 102%
280
98 %
Jan
103%
Jan
7%
5%
1.500
4%
Feb
5%
Jan
5%
•
5%
5%
5%
5%
5%
10%
10%
112%
Barium
2,700
4%
South
West
&
8%
Bauman t(L)
5%
5%
500
38
6%
27 V*
75%
80%
Jan
19
Jan
85 V*
9%
9%
10%
30,000
13%
15%
575
13
Feb
61
57%
62
390
54
13
13
10
12%
100
100
Conv
1929
13
10
pfd
opt div ser
13
11
100
Century Electric Co common
i
••
10
112
Feb
13%
Jan
15%
Aircraft
Chamberlin
Jan
113
Feb
Jan
7%
7%
1,600
Co
Co
America
of
4%
—-
%
Feb
Feb
9
11
4
52
Mar
Feb
4%
Jan
500
6%
Feb
500
■
54%
Feb :;7
3%
24%
700
11%
■
l'/a
-!■
Beck
(A S)
Belianca
1
15,200
13
Jan
20%
21%
450
20% Mar
25%
Jan
450
54 V* Mar
70
Jan
175
15% Mar
18
4
—
16
16 %
&
Southern Air
Lines
6%
7715%
25 Va
Service
Clark
Jan
177/a
Consolidated
1
100
Jan
of
Feb
5?
V'12%
10
'*. *
1
36
14
Watch
&
Co
Colon
Mar
Mar
Jan
Jan
5%
12%
9%
100
130
1
Hedges common
preferred.!
4
",3Va
2,300
132
8%
Jan
Development
1%
2%
1%
2-.:.
-
5%
■
37
Iron
&
6
17
Jan
f
1%
Jan
19 ':
Jan
6%
37 V*
1
4 %
warrants—
Feb
Feb
\2%
2
Jan
24
Jan.,
Jan
10%
7'/* Mar
2,800
Jan
Jan-
%
'
Feb
7%
Jan
7%
1
Feb
9%
Jan
Jan
4%
6,000
3%
Feb
5%
8»/»-.;
7,700
6%
Jan
8 V* Mar
6%
800
6Va
Feb
7 Va
Feb
47a
Jan
4
4%
>
4%;
3,400
37%
-
36 V*
2,550
4%
3%
Feb
4 Va
3,100
Feb
29%
;
Feb
14,800
t'tf
'
29
,
Jan
Mar
37
6%
V*
»
4
4%
preferred
series
25%
26:.."
Jan
5
iV Jan
350
37% Mar
25 Va Mar
3i
Jan
-
Jan
28
100
Consolidated Gas Utilities
Jan
Consolidated Mining
Jan
Consolidated. Royalty
;i9% Jan
&
Consolidated
Textile Co
Janv
130
100 V*
103
Jan
68%
,>101%
8% 1
75%
2%
8
1,100
1,900
3
;
Va
72%
9%
Jan
80%
Feb /
"*
f.
2% Mar
700
3%
Jan
Jan;*
Jan
32
••
32%
1,600
293a
Feb
32 %
Jan
12 Va
32 V*
V 12%
8%
79 %
Feb
13%
2,900
10
Feb-1
14 Va
Jan
'
Bickford's
Inc
'•
common
com.
common
Blue- Ridge Corp
.
1
Birdsboro Steel Fdry & Mach Co
Blauner's
■
V
*
3
common.
...
u.—
1
——
1%
(H-C) Co
•
common
1st preferred.
■
!
Brazilian
Traction
Corp
•
16% Mar
3,800
25
Class A
For
footnotes
see
page
35.
3 Va
Jan
Cooper
Brewing
Copper
Range
—.;
2%
Feb
17%
18
Jan
400
34
34
50
:
17% Mar
8Va Mar
9%
•
26%
::j 20
16%
4,700
10%
10
10%
2,000
10%
10'/a
10%
400
Paint
Jan
Cornucopia
/
Car-Na-Var
1
Co
43
Jan
125
13Va
2%
300
13 V*
"
1
2%
10'/a
10%
%
•/;
2Va
800
2V4
1
common
%
1,700
32
2
'
32'
Co
Gold Mines
Va
12%
30
2Va
1
Corp:
Fdy & Machine Co& Varnish Co
-J
Coro Inc
33%'Mar
115% Mar
.
14%
•
Cook
400
26
•
common
Jan
6,800
16%
•
Co
77/a
8%
iV
lOVa
2%
1,700
':%
900
4%
2%
2,000
8%
"
Feb
Jan
40
,,
Jan
13%
I'l
2 V* Mar
1,900
10%
Feb'"-'.
Feb
Mar
30
1,200
10%
.
11%
Jan
2%
7
iT<r Feb
;
Jan
Jan.
11
■
8
a
Jan
11V*
:
Jan
.
Jan
26
Jan
10
•
Mfg
6% Mar
17%
26
Briilo
Continental
2%
•
Bridgeport Gas Light Co
Bridgeport Oil Co
Jan
8%
„
75
3l
common
Continental
8%
7
•
Light & Power
Jan
Feb
7%
3 Va
—100
Borne, Scrymser Co
Bourjois Inc,
Breeze
8%
17%
r/':.
8%
Bohack
8
7
3
-
.1
'*
7;.
8
Feb
27%
Jan
11
Jan
Corroon
•
&
J
$1
Reynolds
preferred
class
10 V*
4%
1
A
1
14
•
common
14 V*.
10
Feb
4% Mar
3 Va
Jan
13 Va
Jan
4%
800
Feb
6
Jan
Mar
51
Jan
14%
•
-'
13% Mar
8%
22
16% Mar
Cosden
Feb
10% Mar
5%
Feb
23
Feb '
10% Mar
Jan
Petroleum
convertible
Courtaulds
preferred
Ltd—
5%
5%
5%
48
50
48
4,000
50
"*'46
14% Mar
16
Feb
Amerftan
Creole
Croft
dep
receipts
Petroleum
Brewing
Co
(ord
Feb
If!;
.:
f
8%
-..,
Jan"'
2%
•
Jan
70
111
8%
•
•7%
s
107% Mar
78%
_U0o
Feb
63 Va Mar
110
1
Consolidated Steel Corp common.:
Jan
--
.10 '
6%
200 f
1,200
5
Smelt Ltd
Oil
7%
65 Va
65Va
109Va
C
7%'
109% 110
101
_•
.—100
4%%"series B preferred
*
VVI
1
..
; •
33
■
9%
16% Mar
7%r
7%
Vic ext to 1956
Consol GELF Bait common..1..
10%
Jan
33
136
1%
1%
1,000
12%
Feb
Compo Shoe Machinery—
3% Mar
8% Mar
•
'
Jan
125% Mar
4
4%
*
14 Va
Jan
Jan
39% Mar
6
23
Southern
115
11% Marl"'-"
t 9 Va Feb-'
10,800
!.
1
warrants
lVa
Feb ;
—
1
Manufacturing Co
>f!
Feb
Jan
Jan
200
Mar
Feb
200
33/ 1
37
ordinary
Airlines
Colorado Fuel &
7 6 V Jan
713% Jan
300
9
,*
Convertible
5%
10 % Mar
-
Jan
6% Mai-
Jan
Va
350
8%
•
Colonial Sand & Stone Co
Commonwealth
1-17
Jan
Jan
31%
1,400
16%
• f v :
Commodore Hotel Inc
Feb ;I:
Jan
99
600
9%
1%
20
common
Jan
.'14 Va Mar
3
Inc
v
8%
5%
44,000
15%
■
4
Products Co
Jan
11
Feb
5 Vij
130
39%
11%
9%
V
1
common
110 '
35%
.r
16
1
Inc
Clayton & Lambert Mfg
Clinchfield Coal Corp common
Mar
Jan
15
100
1
Canada
Benrus
Benson
1,800
.
7 Va
1,900
105
109%
-
.—5
Clarostat.Mfg Co
Neon
—
39 V4
Controller Co
Claude
?
—10
common
Auto Stamping
City & Suburban Homes
Jan
:
Feb \
v
Feb
5% Mar
900
1 Va
Feb
400
6%
1
6%
•
6%
6%
*
City
Jan
4% Mar
■
1
Jan
600
563*
Cities
6% Feb
7%
9
200
1,
common
Mar
3 V*
.
'
Jan
45
250
12
14
13%
8%
55 %
5
Mining
iChilds Co preferred
Jan
30
15%
2,700
.5%
11%
Feb
7%
8Va
56
Chief
7. 5% Mar
v,!
24%
700
16%
5%.
1
Shoe Corp...
Aircraft
Tel
~5%
16%
8
.
Bell
57<i
~4%
Jan
12%
2.50
Voting trust ctfs
;'
10 V* Mar ;
/
16%
"9% *9%
"5% ':
Jan
16%
10% Mar
200
10
Jan
34
II
73
Feb
13,200
10
Chicago
Jan
1,800
5%
7%
54'/.
Jan
Feb
12
50
17
5%
Corp common..
Cherrv-Burrell common
Cockshutt Plow Co
57V4
10% Mar
'
4%
Mar
2% Mar
13,500
28
16%
Feb
Jan
21 %
1
common
Charis
Jan
6%
50
5%
10%
—
8%
610
2,800
•
52
■
7% Mar
200
9
3%
7
8%
T
'
Feb
5%
;v
743/4 Mar
Jan
Feb
Cessna
10 Va
26%
•
5%
Jan
Mar
8%
Feb
Jan
12%
4%
7%
Mar
16 V*
Jan
1,200
52
„
6
38
Jan
84
Jan
5,100
7%
31
3,600
7%
12% Mar
Feb
5% Mar
100
15 %
Community Public Service
.
Jan
70
6Va
Colt's
common
6%
5
preferred
Colonial
common
Mar
125
6%
10%
& Co
Jan
4
5,700
500
10%
Feb
Seelig Mfg—
Beau-Brummel Ties
110V*
18%
Feb
12
773/"'-
25
....
Jan
Jan
76%
Jan
30
.
53
84
4%
1
,
3
1
Jan
Feb
49
18
10%
15
/"-••"■I
4%
Corp
Feb
6
preferred—100
Corp
ICentral States Elec 6%
Jan
14%
7%
—
•
$1.20 Convertible A common.
Basic Refractories Inc:
Jan
4% Mar
84
1,600
shared
Steel
Barlow
Jan
9%
■;
Jan
Jan
4
11%
1
1%
42%
Feb
Mar
1
22,200
6
10%
112% 112%
14%
"111
—.
Jan
100
Conv pfd opt div ser
5
Jan
4%
36
100
Light 4% -pfd
Jan
los Andes—
American
Jan
10
Co—
8%
tl
;
8%
9%
5%
38
1
preferred
3 Va
17%
4 Va
4%
•
Central Ohio Steel Products
17%
Locomotive—
preferred
.
Baldwin Rubber Co
coipmon
10%
108%
10
& Co
Corp of America
Club Alum
Baldwin
400
1
Casco Products common
100
/»•»
35
9%
Chesebrough Mfg common
Chicago Rivet & Mach
;
Feb
Mar,'"".1,
~VA
.200
93a
B
'7
xl4% Mar
xl4% Mar
—;<•;
2s 6d
1
1,900
2.50
Babcock Sc Wilcox Co
Feb
9%
35
•
17
Co
3%
1.3
Feb
12%
Ltd—
Carreras
4% Mar
% Mar
Biscuit
48
3%
•
com
3%
Feb
"l38 ~1%
*
•
common
1
.
Feb
9 V*
9%
2.50
9% xlOVa
"7
19% Mar
12%
—-
—1
Co
100
~
Jan
7%
•
9%
1
Corp
Jan
7Ve
Feb
7 Va
1
6%
Automatic Steel Products
Inc.—Ill—V
Automatic Voting Machine......
•
Avery (B F) & Sons common
5
Jan
2%
6%
wmm-
•
Kennedy
Feb
4%
x5%
50
5%
100
7%
~47/a
IIIII
Feb
7%
•
42%
£1
Atlas Corp warrants
Atlas Plywood
3%
1,300
2% Mar
•
III
Associated .Tel & Tel class A
Atlantic Coast Fisheries
Coast Line Co.
Jan
Ltd—
150
5
Atlantic
Jan
12%
Alcohol—,
45%
45
*
3%
Feb
Jan
II
America
2 % Mar
•
Marconi
Carnation
20
4%
Associated Electric Industries—
American dep rets reg__
2,400
12%
•
voting
Baxter
" Jan
32%
1
a
20
preferred
Central
new
*1 Jan
8
6,500
'
•
common
non-voting
23
-
21
1
preferred
Ltd
preferred
Central
Ayrshire Collieries
Corp
Co
Industries
Canadian
Jan
32 %
3
of
Feb
""%
M
Va Mar
5
Capital City Products
•
Jan
13% Mar
49% Jan
17% Mar
1
Corp
Industrial
Canadian
Refining Co
Laundries
Canadian
Jan
2l0
_I _•
18
Mar
Feb
Jan
1
Insurance
Convertible
.Tan
Jan
common
Mar
13
5,000
Jan
275
1,200
35%
Jan
common
16
17%
1
Canners Ltd
18 %
•
Equipment Corp
6%
Jan
32%
2
.
Associated
35%
43%
5
Jan
17%
Jan
£l
preference
Feb
10c
com
non-voting
preferred
Arkansas Power <fc Light $7
pfd
&
Feb
41
•
Apex-Elec Manufacturing Co
Appalachian Elec Pwr 4%% pfd
Argus Inc
Oil
31-
6,800
2
dep rets ord reg
Ashland
6% %
Mar
A
11 Va
17
Feb
9Va
17
50o
pfd
Power
Canada Cement Co Ltd
16
Angostura-Wupperman
Aro
Jan
29
Products
6%
Jan
150
10
Arkansas Natural Gas
Common class A
Bread
7
18%
650
Anglo-Iranian Oil Co Ltd—
Amer
Fire
17
American Thread 5% preferred
American Writing Paper common
Co Inc
Camden
31 Va
•
Post
Jan
1
Republics
Angerman
90
Tungsten
16%
American Seal-Kap common
Anchor
Callite
5 Va Mar
•
Amer Superpower
Corp
$6 series preferred
Jan
31
B
American
2%
25
class
10% Mar
25o
rets 5%
Electric
17
Co
Potash «fc Chem
California
31Va
Meter Co
Products
Jan
16% Mar
25
Metal
500
12 %e
Sugar Estate
2%
25
preferred
11
1
common
20
Co
American Mfg Co common
American Maracaibo Co.
American
•
Mar
83
Co
Electric Products
American dep
300
2
33%
11
23%
Cables & Wireless—
2.200
t
111
1%
2
43 Va
2%
Jan
Feb
7
Jan
25
Hard
American
111
5%
200
rets
36% Mar
1 Va Mar
1
Laundry Mach
Light & Trac common
Rubber
111
! "•
1
American
6%
5%
-17J%
10c
common
American
American
5%
•
preferred
convertible
500
--
49
Jan
16%
Jan
25 *
•
1% Mar
7;'7
48
2.50
Cable
Jan
Feb
4,500
c
300
Mar
21
Jan
2,100
—
x
3,900
8
Jan
Jan
200
1%
23
7%
20
_*
Corp Amer dep
Burry Biscuit Corp
Butler (P H) common
Jan
Mar
./■*•
Ring
Canada
1%
.
^7,7;;
100
Corp
2
-
21%
•
Burma
Jan
7/22
Mar
Piston
Calamba
1%
,
1
preferred
American General
.
10
common
American Gas & Electric
4%%
1%
100
American Cities Power & Light—'
Class B
American
2
1
Co
American Beverage common.
American Book Co
23
5
»
3% Mar
'
American
common
93 Va Mar
22
<
Co
Jan
92'/*
7
50
2
>
1
Bunker Hill & Sullivan
200
,
Jan
21
—
1
—
common
Buckeye Pipe Line
250
>
Distillers
86% Mar
17% Mar
12,200
'■••r'
178% 182
36 / 36%
—
*
22
10%
*
94
22
;7;
Forman
Jan
14
57
93
57
2%
Jan
•
6'/a Mar
v;
94
—
20
X't
100
—•
preferred
common
New common
Bruce
1
Aluminum Goods Mffc.
Aluminum Industries common
Aluminium
Jan
2
6%
common—•
America
of
3%
87
6 Va
•
Co
Jan
25
2,200
5
common
cumulative
Brown Rubber Co
92 Va
3%
Altorfer
S3.75
Jan
Feb
3%
Allied Internat Investing Corp—.
Products
(Mich) common
Aluminum
Jan
79
1
common
Co
%
10
3%
Feb
21
•
5Va
700
1
Inc
Allied
Bros
;
,
2%
•
Class B
1%
%
500
.
10 a
reg
Jan
Jan
13,800
3%
3%.
--vl'l-
preferred
1%
Jari
£1
Brown
.'71%
•
High
18%
£1
—
l5/a
Low
15% Mar
dep rets ord bearer
2
common
Range Since January l
High
•
dep rets ord reg
Bruck
Investors
Convertible
lAireon Mfg Corp common.—__r
Low
Tobacco—
American
Co
Amer
8% Mar
Feb
Shares
Amer
3 Va Mar
xil5/a
for Week
Jan
6%
1%
1,300
Sales
Range
of Prices
Par
Oil
Amer
(N J)-
Week's
Last
Sale Price
Exchange
Mar
35
Jan
Curb
•
5% Mar
Jan
York
British-American
Jan
4''/a Mar
1,100
8%
High
Mar
3% Mar
3,500
ii'/a,
12 Va
12 %
Ainsworth Mfg common
Inc
700
31%
common—
Air Associates
Low
2,400
Aero Supply Mfg capital stock—
A&new Surpass Shoe Stores
Air
STOCKS—
New
Range Since January 1
t\
3
Alloys—
Adam
High
;
2Vi
ACF-Brill Motors warrants
Acme; Aluminum
.
"-■"'■V. J:
■
Thursday
for Week
Sale Price
Exchange
Curb
'*1'.
MARCH 25
Sales
Week's
Thursday
STOCKS—
York
New
•
•
FOR WEEK ENDED
RANGE
4%
reg)_£lf
8
40%
40%
41%
6,300
1
IV*
1 Va
1%
1,800
Feb
37 Va
Feb
I
,
-
4% Jan
43
1%
Jan
Jan
,-,
7
32
RANGE
New
Crown
Co
7
1
6'A
6%
I
5 J/2
6
5%
$6
7%
Feb
Sugar
5%
Feb
7
Jan
Feb
71/4
Jan
200
Mar
3
:
Jan
3%
Jan
Goldfield Consolidated Mines
2%
Jan
28 'A
28%
30
27'A Mar
33
Jan
Gorham Inc
187/a
17 J/2
18%
3,500
16% Mar
19 J/2
Jan
Gorham
—J
.100
preferred
■:
Curtis
Mfg
8%
(Mo)
14%
104'A
Jan
Graham-Paige Motors 85 conv
91/2
Jan
Grand Rapids
Feb
9'A
Jan
13% Mar
16'A
Jan
150
4%
-
Non-voting
Davenport Hosiery Mills
6% Mar
5%
Dejay Stores common..
Dennlson Mfg class A common
300
6
Detroit
Gray
Iron
Detroit
Steel
107/a
3,600
Jan
18
Feb
22%
10
100
9
Mar
11%
Jan
~2%
Diana
Stores
Corp
~5%
BOe
common
700
~6
23%
13 %
Feb
Jan
6%
Distillers Co Ltd
Amer
fl
rets ord reg
dep
Dobeckmun Co common.
Credit
Domestic
A
Corp class
Dominion
Steel &
Dominion
Tar
Duke
Power
4,400
Feb
11%
•
—
21% Mar
;-r
100
65
74%
74%
74%
25
Mar
36
....
•
Ltd—
Amer dep rets ord reg
Durham Hosiery class B common
66%
66I/2
—
10
Co
Jan
14%
Feb
9%
~
Jan
74% Mar
Duro
Test Corp common
Duval
T«xr«
21
«...
9%
Jan
73'/a
Jan
37
Feb
76'A Mar
8
'
— --
•
Hnlphnr
'4"'V
4%
4%
41/2
1
12%
700
13
Jan
8
Jan
12
"c-
—
•
__
Feb
14
Jan
3%
12%
300
Feb
Feb
prior preferred
preferred
Eastern
Malleable
Eastern
—
States Corp
4%
Jan
14%
Jan
Eastern
175
76
525
65'A Mar
55
10
50
55
Mar
of
'
common
Light 2d pfd A
Electromaster
Elliott Co
Jan
60'%
350
53%
Feb
61%
Jan
12
Jan
Feb
54'A
8%
Feb
'll%
Feb
11%
Emsco
Derrick
\qulty
Corp
&
1,700
11
19,800
260
5%
3,100
26
21/4 Mar
:
10% Mar
50
126
Feb
3'A
Feb
700
19
Feb
2%
200
2
3'A
18%
21%
7,300
44
20%
44
50
,£■' 5% Mar
iVz
8
8
12%
13
300
200
Mar
26
Jan
2%
15%
Feb
211/8 Mar
42
Feb
45%
92
1
Jan
146
% Mar
2%
100
Equipment
8'A Mar
8
Mar
10
Feb
20
Feb
10
11% Mar
Jan
11 J/2
Jan
Feb
10 'A
Jan
Mar
97%
Feb
Feb
9 J/4
100
9%
96
Jan
11%
9% Mar
75
Feb
16J/2
13% Mar
900
96
8
I ,; I
100
8 'A
|P'/;
;
8c Hardart common
preferred
Jan
Feb
Feb
55%
2,800
53%
53'A
7
6%
52J/2
7%
Feb
9 J/2
Jan
4
Jan
100
6'A
.
3
'
.
Jan >•
3
Mar
24
200
'
Feb
27
Feb
41%
Feb
44'A
>'
Jan
mi's}
42
42
60
10
1411/2 141'A
31%
32
100
371/2
39%
350
70
69%
72'A
10,400
10%
10%
32
Feb
140
Jan
148
35'A
31% Mar
Jan
108
Jan
105 '/a
I
•
3 J/2
600
11'A
200
41'A -41%
25
3
Refrigerator Co common—*
$2.25 preferred
•
Jan
32 J/2
Feb
39% Mar
x65
Feb
78%
3
Mar
9%
Jan
.
Lock 8c Mfg Co.
-
Jan
4 '/a
Jan
12%
J«n
44
41% Mar
Jan
5
aun
Feb
77/b
Jan
Mar
42 J/2
Feb
2%
Jan
4%
warrants
Jan
6%
11
Feb
98
8%
Feb
Feb
Jan
13
Jan
Mar
6 'A
Huyler's common.
1st
preferred.
~6
"61/4
900
331/2
__1
33
33%
275
5%
33
2'A
Hydro-Electric Securities.
Hygrade Food Products—
17%
1*7%
200
27%
—5
28%
25.
Feb
16
Jan
Jan
,
Jan
'
I
5ft
50
*
convertible preferred
Illinois Zinc Co common
Imperial Chemical Industries—
Amer dep rets registered
Imperial Oil (Canada) coupon
Registered
Imperial Tobacco of Canada
Imperial Tobacco of Great Britain
11%
25%
Jan
56%
7 nq
52%
Feb
13%
700
10 Vz Mar
16%
Jan
Feb
5%
Feb
5
£1
12%
12%
12%
20,200
11 J/4 Mar
13%
Jan
12%
12%
2,pno
11 J/2 Mar
13%
Jan
10%
10%
300
Jan
10%
Jan
10% Mar
13%
—
£1
—
41%
Feb
44%
Jan
1,500
6%
Feb
8'/a
Jan
International Cigar Machine
6,200
1"% Mar
3%
29%
250
94
94
9%
Jan
10
90'A
Feb
95
Mar
900
92%
Feb
98
Mar
800
'X
13 '/a
Feb
15
Feb
Jan
28%
56'A Mar
12%
•
•
5
8c Ireland
28% Mar
1,600
55%
11%
Illinois Power Co commoi
7%
175.
1%
Feb
1%
28
Jan
Jan
29% Mar
17
14
13
14%
49
50
5
com
Fansteel
-10
J/8
Va
2%
1
13%
5
50
-10c
preferred
13
4,500
5%
39,400
2,200
18,800
35
35
3%
15
13% Mar
Jan
5% Mar
Jan
17
Jan
10%
Mar
Feb
14% Mar
120
2%
2%
9%
46
Jan
50
1,000
2
Jan
100
2%
■
37
Jan
53%
10%
11
1034
11
13%
14%
1,100
1
1%
4.?f>n
Mar
2'A
Jan
9%
9%
400
9 'A Mar
11%
Jan
8%
1%
10'A
700
7
1%
1,800
1 J/e
Feb
1%
Jan
375
.16 J/2
Jan
18>/r
Jan
4,500
4%
Jan
500
coupon
International Utilities
Power 17
Mar
51
23%
shs.
Razor B
International Safety
Iron Fireman Mfg
17
52%
11
11
Petroleum
Investors Royalty—
Jan
13%
53
.50
shares
Feb
16% Feb
—-
13%
Metal Industries A
Mar
...
common
~9
preferred
1
1%
7%
6 7a
71/4
800
18
17%
18
voting trust ctfs..
34,500
58%
Jan
Jan
23%
Jan
13
Jan
12%
Jan
17
Jnn
9'A Mar
9J/2 Mar
13%
%
Feb
10'A Mar
Feb
7% Mar
Feb
34
(M H) Co—
Irving
Air Chute
Italian Superpower
$1 Stores.
96
131/2
*
98
International Products-
Interstate
,
Hydror-ELectric—
International
Registered
16%
Ford
7%
Feb
4,400
9 J/2
42
•
•
•
100
5
•
2%
7,700
42%
16%
cum
Jan
Jan
*
7%
Falstaff Brewing
div
Jan
2%
8%
10
•
:
Inc
(Geo A) 8c Co common
Horn & Hardart Baking Co
International
to
J an
3%
6%
1,000
96
'A-'
2%
41%
13%
$2
>16%
8
7%
Falrchlld Camera 8c Inst Co_
Falrchlld Engine 8c Airplane.
5c
56 %
F.eb
11%
53%
Preferred $3.50 series.
Flshman
Feb
1%
2,800
~6%
Hormel
stock
Jan
—
2&
.10
Metallurgical
Fire Association
(Phila)
First York Corp common
38 'A
2% Mar
1,400
9%
—
Holly Stores Inc.
Holophane Co common
Common
Jan
6% Mar
Feb
Mar
•
10%
International
new
Jan
9%
Feb
5%
30
2,700
"7% ~8'A
II
-1
common
150
2
■■
,
8%
preferred w w_
4ft preferred w w.
Henry Holt 8c Co common
Hoe
(R) 8c Co class A
Hollinger Consolidated G M—
Horder's
7%
300
1,500
*3'/8
2
11'A
-1
Corp Ltd
Eureka Pipe Line
1%
IVz.
_1
preferred
Inc
Eureka
8'A
34
~3
Indianapolis Pwr 8c Light 4% pfd—100
Insurance Co of North America
10
lOo
common
convertible
Esquire
10
24%
.50
Empire District Electric 5ft pfd
Empire Millwork Corp
Jan
104
Jan
50
140
9'A
138'
251/2
_10
common
Jan
Jan
9%
8% Mar
1,300
6%
8
5%
33%
Jan
9'A
100
53
10%
103A
,
44 %
Jan
—1
preferred
8%
8%
5
5% %
Jan
69% Mar
5%
Inc.
Mar
14%
Class A
58
Feb
10
138
•
—1
Corp
Jan
140
36% Mar
6%
Hussman
57
Option warrants
Electrographlc
103
Jan
—
Hurd
600
52
5
Share
Feb
~8
25c
Jan
125
1
•
&
Electric Power &
Jan
91
101
51
Mining Co
Rubinstein
Jan
2%
it 1 11
Electric Bond
\ 9
135
"3%
Dept Stores common.
Hearn
Hecla
Helena
Jan
4%
58
Easy Washing Machine B
Mar
50
:/2.. :
1
Hat Corp of America B non-vot com__l
Hathaway Bakeries Inc
1
Hazeltine Corp
•
85
69%
2 J/2
1
beneficial lnt
7'A
7
200
—
Harvard Brewing Co
79%
68
69 J/2
•
•
pfd shares of beneficial lnt
$3
56
Mar
Sugar Associates—
shares
Com
$5
78%
72%
Jan
Jan
18'A
175
8'A
(Harvey) Inc
Humble Oil 8c Refining
Feb
77%
66%
"*2%
•
i
preferred series A
$6 preferred series B
3V8
2,300
78 3A
72 J/2
25
Iron
$7
4
3%
4
*
100
100
Jan
Jan
65
6 % Mar
100
6'A
Hartford Rayon common.
5ft
6%
9%
„
Feb
100
Co
Lamp
Hubbell
4%ft
Feb
Mar
*
Bridge Co Ltd.
Paper.
Hartford Electric Light-
Horn
East Gas 8c Fuel Assn common—
6%
Jan
40
~8'A
Heller Co common
Dunlop Rubber Co
—
56
Mar
12 %
2,800
—
-
_
_
Jan
'
•
Co
13%
12%
Jan
Feb
•
Corp
Draper
ii'"'
— —
13%
Feb
12%
"31/4
Feb
21% Mar
'
—28
T.td
Co
Dominion Textile Co Ltd common
Driver Harris
3,200
•
14%
9'A Mar
2%
14%
--
300
2%
__
Coal B
81 Chem
v":: / ■'
9%
2%
2%
•
Bridge Co Ltd
Dominion
r.:"
9'A
„
1
_
...
.
1
_
—
1,200
8%
38 J/2
Hamilton
Jan
5%
3,200
16
Jan
li{ Mar
135% 137
L351/4
25
Hammermill
Jan
Jan
Hall
Jan
Feb
2Vs Mar
900
2%
2%
18 'A
12'A
2%
20'A x203A
Foundry.
Raynolds class B
91
H
Jan
9 Vz
Jan
Feb
ft Mar
200
6%
,
6%
100
•
100
107/8 Mar
2,800
10
Products
"Devoe &
14%
7
Gypsum Lime 8c Alabastlne
20%
9%
20%
28 J/4
Feb.
20
107/a
OH Co common
Detroit. Gasket & Manufacturing.
~6%
Jan
debenture
8%
Derby
Feb
7,500
6%
Jan
7%
7%
Jan
Jan
22%
50
Grocery Stores Products common__25c
Gulf States Utilities 84.40 pfd
100
35%
5% Mar
Dayton Rubber Co class
t
15'A
Feb
37%
34 Vz Mar
Brothers Inc
Davidson
Jan
lit
5
stock
common
3%
50%
2%
54
pfd__25
1
1st preferred
Northern Paper
7ft
34
Varnish
Gray Mfg Co
Great Atlantic 8c Pacific Tea—
Great
400
10
common.
7 J/2 Mar
500
13%
2.Bo
•
Lighting Inc common
Curtis
class A.
Mfg
101% Mar
/V:,"''
7%
Cuban Tobacco common-
Co
£
— —
1% Mar
High
Jan
Feb
800
;
24
u
1
50
•
—
Goodman Mfg Co
28'A
•
2%
2%
preferred—
prior
$4.50
Low
85
2%
23%
15%
13 Vz Mar
£
Range Since January 1
High
Low
Class B.
-fl
—
Shares
42
Inc common
Godchaux Sugars class A.
.10
Atlantic
for Week
—1
(Adolf)
Gobel
Jan
5%
'v.V
Range
of Prices
Par
300
3,300
Exchange
Curb
High
3,300
3%
3
.250
common
preferred
5%
6'A
1,800
15%
15%
•
A.
Crystal Oil Refining common.
Cuban
Low
York
New
Range Since January 1
.—
International
Drug
•
Sales
Week's
Last
Sale Price
STOCKS—
High
6%
6'/2
Crosley Motors Inc
Crowley Mllner 8c Co—:
Crown Cent Petrol (Md)
Cork
Shares
Low
Par.
25
for Week
of Prices
Sale Price
Exchange
Curb
York
Monday, March 29, 1948
EXCHANGE
ENDED MARCH
Thursday
Range
Last
■
Sales
Week's
Thursday
STOCKS—
WEEK
FOR
CHRONICLE
FINANCIAL
CURB
YORK
NEW
Crown
&
THE COMMERCIAL
(1388)
A
Jan
1
% Mar
1
900
(5 V2
7
1,500
6
Feb
9%
Jan
5'/a
5%
700
4%
Feb
6
Jan
$ 5 Va
200
4J/2
Feb
5%
%
1
—
Motor Co Ltd—
Amer dep rets ord
Class
A
Class
B
4%
jei
reg.
4%
5'/8
6,900
4% Mar
5%
non-voting
'
18%
19
4,900
voting.
16%
Jan
19
18%
19
Jan
19%
Mar
Feb
(Peter) Brewing
Fuller
1
Stores
(Geo
;
— -
—80
«...
.
8%
400
12%
1,550
7'A
100
7'A
.
1
Feb
2
Jan
7%
Feb
87/a
—
5 »/8
11 % Mar
19
7% Mar
700
7%
Feb
9%
Jan
9
400
8% Mar
12%
Jan
Mar
30
Co
9
■-:',/■■
9
.
1
Kalser-Frazer Corp
Kansas Gas 8c
Electric 7%
•
Co
New
—1
„
Service
convertible
84
Feb
86
7
Mar
2%
3,200
4'A
1,800
3%
25
23%
9%
Feb
24%
Jan
2
86
preferred
Corp com
preferred
8%
8%
/v9:'->
300
1% Mar
Jan
Jan
2% Mar
4%
25
Feb
Jan
7
2,700
32
32%
8%
9
Mar
6% Mar
8
Jan
8% Mar
"3%
3%
15'A
7%
x9
"5%
15%
x9
500
800
4,100
27
Feb
35%
Jan
98
1,400
Jan
100%
Jan
3
II
3
"31/8
400
87
ViW:
87'A
88%
120
5%
% Mar
13%
2%
87
5
*
5
Feb
Kimberly-Clark Corp—
4% ft
preferred
_•
Georgia Power $6 preferred.
85
preferred.
110
110'A
250
"3%
3,800
II
1 s-
co
*
3ft
17
17
50
>;
•
Co
72.60
For
900
see
page
35.
Feb
/ 16
J/2 Mar
9
50
54
60
14
14%:
—10o
1
l'A
1ft
r—*
10
1
1
Klelnert
(I B) Rubber Co
Knott Corp common—
Kobacker Stores—
Krueger Brewing Co
;—;
4
4%
3%
■
■
-
11
ivfar
103
45 'A
Feb
37'A
.
Jan
99J/2
B—100
.
9'A
7 J/2 Mar
200
(D Emil) Co common—
Klein
Jan
700
4,400
..
17
1%'.
12,500
1,400
Mar
14
l'/a Mar
8
7
14%'
14%
1
21%
25
800
100
•
21
6%
14
Jan
Mar
Jan
Mar
Jan
Jan
"
'
4'A
;<
>
Jan
17%.Feb
1ft' Jan
!
-13%
Jan
Jan
14'A
Jan
Mar
'23%
Feb
8'A
Jan
Mar
17 'A
Jan
16
Jan,
12'/a Mar
•
'*40
3'A Mar
14
21%
54 "
12% Mar
Jan
Jan
Laclede-Christy
Company
117
Jan
110%
Feb
Lakey Foundry 8c Machine
Lamson Corp of Delaware
Jan
10%
1
7%
5
common
1
Langerdorf United Bakeries class A—*
Class B
•
Jan
Feb
53% Mar
Feb
12
Feb
25%
Jan
La Salle
Jan
3.100
6'A
Jan
7'A
Monotype Machine
Ext Jnlverslty
19%
19%
20
3,400
18%
Jan
21%
Jan
Lefcourt Realty
18
161/4
18
4,500
14%
Feb
21%
Jan
Leonard
13%
13%
200
13%
Feb
14%
Jan
Le Toumeau
common
Oil Development
(R O) Inc
11%
9% Mdr
2,300
Feb
.
Jan
8 »/4
700
22%
23%
1,200
26%
50
3
20'A
Feb'
8'A
Jah. /
8%
,
Jan
-
26%
23%
Feb
10%
7% V. 7%
10
23'A Mar
Jan
5
5
1
25
20%
1
18%
20'A
20%
200
26'A Mar
28
Jan
22
Jan
21%
xl4%
5
1
Lane Wells Co
5
18%
16
1
...a
Inc
footnotes
23
15 '/a
325
11
Kirkland Lake G M Co Ltd—
•
Coal—
Glenmore Distilleries class B.
Globe-Union
22%
100
9
10%
'
14%
Lanston
23
16%
7»/2
—
Jan
3%
•
Gladding McBean 8c Co
Gleaner Harvester Corp
Alden
Feb
2% Mar
Jan
16%
11
—
Preferred
Glen
Mar
Feb
14
14%
52'A
(AC) common
Gilchrist
110
110%
1
Giant Yellowknlfe Gold Mines.
Gilbert
110%
125
11 J/2 Mar
1
1
1
Lake Shore Mines Ltd.
1
,
123% Mar
100
'
King Seeley Corp
Kingston Products
Klrby Petroleum
Jan
41,200
——100
Kings County Lighting 7ft pfd
5ft preferred D
15'A
Feb
10%
13%
Mar
96%
■
(Walter) 8c Co
8'A
9%
16%
,
Jan
x9
99%
Feb
Mar
Jan
18%
Feb
7% Mar
95
•
1
•
Feb
7% Jan
6%
../ 7
100
1
1
50c
General Shareholdings
$6
300
13% Mar
4%
32%
Plywood Corp
Public
10
71/2
-10
Corp
common
General
84%
Feb
24%
2%
4'A
—
JEI
common.
General Outdoor Adv 6% pfd
General
9
Ltd—
Flreproofing
Phoenix
13,100
'
rets ord reg
General Finance Corp common.
5% preferred series A
General
*
1
—28
Amer dep
General
7'A
1
General Builders Supply Corp.
5% conv preferred.
Electric
84%
:-v
.100
preferred
Mfg Co common
General Alloys Co
General
13%
Kldde
'
13%
9%
100
*
pfd
Key Co common
common
6ft
Gellmau
Jan
ISWM
K
Feb
Kennedy's Inc
12%
13%
common
Gatineau Power Co
25%
'
8'/a
Kawneer Co
Corp
Jan
Jan
5
Feb
Mar
Jan
9
25
50
21
21
Julian 8c Kokenge Co
7% Mar
50
G
Garrett
4%
21
Jan
27
27
.
1
A)
3,800
11%
12%
.1.25
preferred
1%
8%
■
——
Franklin Simon 8c Co Inc
Franklin
l'/a
1%
Fort Pitt Brewing Co
conv
Glass
Preference
Amer dep rets bearer
4%%
6%
Co common
Jefferson Lake Sulphur Co
Jim Brown Stores common...
Jeannette
"
Ford Motor of France—
Fox
J
Jan
"v
Ford Motor of Canada—
Feb
24
Jan,
18%
Feb
21
6
10
l'/a
1
18%
10
1%
19'A
lpO
23,600
1,900
6J/2
Feb
10
9'A Mar
1
Feb
15'A Mar
Jan
Jan
Jan
l'/2
Jan
'19%
Jan
.
v
,r
THE COMMERCIAL
Number 4685
167
•Volume
&
CURB
YORK
NEW
CHRONICLE
FINANCIAL
(1389)
EXCHANGE
RANGE FOR WEEK ENDED MARCH 2ft
York
New
'
Sale Price
Exchange
Curb
i
Liptorv (Thos J) Inc 6%
*
*
Lit Brothers common
class A
Groceterias
16
18%
18%
700
30
Jan
8%
-7% Mar
Feb
Gas Corp
Longines-Wlttnauer Watch Co—
Long Island Lighting Co—
Common ctfs of dep
7% preferred A ctfs of dep
6% preferred B ctfs of dep,
•'.* 22
f23 % Feb
Ma
Ogden Corp common.
Ohio Brass Co
1%
Feb
i
22
Feb
."
Oklahoma
Natural
109
100
preferred
■V
!
26%
Jan
Old Polndexter Distillery—
Jan
Omar Inc
1
500
7y« Mar
8%
Jan
O'oklep Copper Co Ltd Amer shares
Overseas Securities
1
—
% Mar
1
49
Mar
60
45
Mar
45%
100
17%
17%
6,700
—
--
16
15%
16%
55%
112
Jan
Pacific Can Co common.
15
Feb
18
Jan
Pacific Gas & Elec 6%
5%% 1st preferred.
18%
200
6%
16%
5%
800
14
13%
300'
37'
15
Feb
12
200
37
Feb
2%
9 V2
9%
13%
200
McAleer Mfg Co common——
5%
convertible preferred—
1
Feb
37%
Feb
1%
10%
Page-Hersey Tubes- common
•
Pantepec Oil of Venezuela Amer shrs—
Paramount Motors Corp
1
Parker Pen Co
5
21
21 %
Memphis Natural Gas common
5
Menasoo
1
Jan
4%
Patchogue Plymouth Mills
5
Feb
Psnnroad Corp common
Penn-Dixie Cement warrants
2
Feb
Jan
6%
Feb
Penn Gas & Elec class A common
Feb
40
Feb
Penn Power & Light
Penn Traffic Co
Feb
12
Feb
Penn Water <fe Power Co
2514
Jan
Pep Boys
Feb
9%
500
%
7%
6%%
preferred
A
7%
Jan
3% Mar
Perfect
Feb
6%
Feb
110%
Jan
Jan
Philadelphia Co common—
Phillips Packing Co
Jan
Feb
Textile
Metal
3%
3%
378
3%
Pierce Governor common
4
3%
Michigan Bumper Corp
400
6
1
s
4%
4%
45 % Mar
Jan
.5%. Feb
600
6%
i
7%
.
7% Mar
1%
1%
10
8%
8%
Mlcromattc Hone Corp
:
1
Middle States Petroleum class A v t c__ 1
Class B. v t c
%
Feb
43
2.50
*
Preferred
Feb
3%
2,900
15
Michigan Steel Tube
Michigan Sugar Co
'
7%
100
%
400
7%
9%
21%
' 7%
Feb
2%. Jan
9% Jan
Feb
67/« Mar
600
6%
8,800
19.-
Jan
9
l% Majf»
2,100
:r
20%
1
Circle
140
23%
23%
8% Mar
35% Jan
Mar
101%
Feb
31% Jan
104% Jan
Jan
96
15
Jan
Jan
23
100
24
Mar
Mar
Feb
26% Jan
12%
13%
43,600
10
Feb
13% Mar
11
11
200
11
Mar
24%
25%
550
23
Feb
13
Jan
30% Feb
19%
800
17%
Feb
21% Jan
91
91
10
80
42%
43
450
,
Jan
Feb
99
42% Mar
45
Jan
23%
—
24
Feb
"
"5%
~5% "6%
*
8,800
Jan
6% Jan
5% Mar
4
Feb
4%
920
2%
2%
100
2%
Jan
102 Va 103%
100
102 %
Feb
300
4%
Feb
5%
Jan
Mar
54%
Jan
2%
--
5%
5
40
39%
41
52
50%
4%
97/s
700
11
9%
7%
300
52
10%
4%
•
*
1,550
4%
4%
50c
7%
•
39
6% Jan
2% Jan
Jan
105
48
Jan
5% Jan
Feb
4%
57% Jan
11
Jan
6
Jan
400
3% Mar
1,300
8%
Jan
1,300
8%
9% Mar
2,400
4%
10
6%
Feb
9% Jan
Feb
28% Jan
■' i
.-.
9% Mar
23% Jan
7% Jan
Feb
5% Feb
•
25
24%
25
300
1
~2%
~2%
~2%
600
Piper Aircraft Corp common
Pitney-Bowes Inc
Pittsburgh Bess & Lake Erie RR
Pittsburgh & Lake Erie
Pittsburgh Metallurgical common
1
3%
3%
2
50
60
5
1
11%
11%
Pinchln Johnson Ltd Amer
10%
Jan
Pleasant
Valley Wine Co
Pneumatic Scale
9% Mar
7% Feb-
8%
9 %
10,100
11%
8%
•
11%
75
10% Mar
13%
Jan
26%
Jan
4
61
10%
Feb
xl1
Feb
Mar
25c
2.50
Alexander common
of Canada common
1st preferred
Feb
Feb
63% Mar
8%
Jan
12
Mar
5
Jan
4%
300
~5%
5,500
11%
11%
900
10%
10%
150
4%
Mar
58%
~5
.
41
240
12
—
4
13% Jan
6,750
63%
12
2
800
39
63%
Mar
2 % Mar
9,000
11%
10
common
Powdrell &
6%
22
shares
Power Corp
—5
Midland Oil Corp $1 conv pfd
Feb
6%
29
12% Mar
2.50
Corp
Polaris Mining Co
Middle West Corp—
Ex-distribution
104
Pioneer Gold Mines Ltd
25c
Corp.
Participating preferred—
108
Jan
.
"
1
Messabi Iron Co
25
110
110
19% Mar
1Q
32% Mar
600
3,000
91
—
1
20
Feb
'
100
7%
19
*
(The)
Papperell Mfg Co
1
100
Jan
Feb
15
100
34%.
30
103
2.50
5%
7,700
6%
„
Jan
9
17% Jan
25%
100
4%% pfd
5%
3,000
2%
Mar
20
Jan
4%
Jan
500
Jan
23%
1
28%
6%
■
34% Jan
13
•
25
Telephone common
$1 cumulative preferred
Pharls Tire & Rubber common
6
warrants—
109% Jan
11
*
Peninsular
1% M ar
2%
2%
Merritt Chapman. & Scott
Mar
x39
Jan
<
22% Mar
6%
7%
Co
Feb
3
33%
1
2,700
-
11 %
1
_
!
500
29%
103%
1st preferred
$1.30
33%
100
*
•
2,100
1%
25%
24
■
Feb
7
900
9%
8
«...
-25
37% Mar
--
•
Dredging
2%
10%
15
Feb
6%
"lV2
1
preferred
Mfg
800
4%
4%
4%
*
•
& Co.
Mar
1314 Mar
10
common
common
Mead Johnson
Jan
14
23
.
Feb
8%
1,000
13%
McWilliams
Jan
16%
t
Mar
37
£l
•
$2.50
6%
Feb
21% Feb
10
McCord Corp
,
,25
1st pfd.
Pacific Public Service
Xl6
30%
700
19%
8
Jan
Pacific Lighting $5 preferred
Pacific Power & Light 5% pfd
6%
400
1% Jan
;
P
Feb
Feb
500
Massey Harris common
McClanahan Oil Co
Jan
Feb
16%
18%
Parkersburg Rig <te Reel
Ltd
Co
Communication
•
*
Marion Power Shovel
32%
7%
7%
Jan
15
110%
*
Mapes Consolidated Mfg Co
Marconi International Marine
.
6 1/2
1
common
(The B) Co—
Manischewitz
Feb
33
106
Jan
100
51
M
Maine Public Service Co
1%
123
170
Jan
17%
5
10
2,000
--
22,800
45%
High
*
20%
.i
Mangel Stores
1%
38%
109
31%
1
Feb
—
45%
•
,2
Mackintosh-Hemphlll Co
108
32%
15
Gas
Feb
:
%
51
Lynch Corp
1%
37%
*
class B common
Ohio Power 4% %
18
6,300
7%
7%
1
Low
0
20
20
19
20
—
Light $6 pfd
Louisiana Power &
Range Since January 1
High
'
%
Louisiana Land & Exploration
Shares
"
23%. Feb
10
-,1
common
for Week
LOW
Jan
Sales
Range
Of Prices
Par
Oliver United Filters B
Star
Lone
Week's
-
Saie Price
Exchange
Jan
21%
Mar
26%; Mar
8
"
*
5
Class B_:
Locke Steel Chain
18%
18
1,100
"&%
15% Mar
600
Curb
High
Low
15 %
York
New
Range Slnee January t
High
18 /a
10
preferred—25
Lionel Corp
of Prices
16
5
Line Material Co
Loblaw
-
Low
Par
...
Shares
Last
:•
STOCKS—
for Week
Range
Last.
Thursday
Sales
Week's
Thursday
STOCKS—
4% Mar
1414
~5
——
*
100
Jan
15% Feb
3%
Jan
5% Mar
13%
Mar
11
Jan
11%
Jan
Jan
89
9% Mar
87
Jan
Midland Steel Products—
$2
Co
*
common
Midwest
Oil
Co__
Wohl
Co
26
100
23% Mar
22
24 %
675
19%
Feb
3%
200
3%
Jan
19%
19%
600
14.
14!
*
24% Mar
4%
v
Jan
of America
Pressed Metals
1
•
14
Jan
Jan
Providence
7% Mar
7
Jan
Jan
33%
Jan
5
Mar
6%
Jan
96
Gas
4% %
cumulative
450
40% Mar
Feb
37
1%
8%
Jan
7%
800
6%
Feb
11%
1,200
1%
11
1%
5,200
9%
114
Feb
Jan
11% Mar
2% Jan
Feb
10
9%
9%
100
9%
9%
9%
200
9% Mar
96%
~9% i
96%
50
Jan
9% Mar
I
of Colorado—
Public Service
40%
7%
10%
*
Feb
Corp of Nevada
Prosperity Co class B__.
2%
39%
7%
1
Producers
Mar
30%
600
2.50
Prentice-Hall Inc common
20
Mar
2
50
40%
Pratt & Lambert Co
Feb
13%
1,500
7%
7
7:%
50c
preferred
18
50
2%
2%
1
common
convertible
3%
10
;
Midwest Piping <te Supply common
Refineries
4%%
26
24
50c
Mid-West
Miller
26
♦
dividend shares
non-cum
Midvale
Mid-West Abrasive
100
preferred
Feb
94%
Jan
98
90
Jan
97% Jan
43
Jan
14
Jan
8% Feb
Puget Sound Power & Light—
*
Mining Corp of Canada—
Minnesota P & L 5% pfd
Missouri Public Service
Dakota
Montana
;.r
7%
24
.7%
104
Jan
23% Mar
27
Jan
:,..6% Mar
8% Mar
"
3%
3.600
2%
Feb
3%
"2%
2%
2%
1,000
2%
11%
Ill's
11%
400
:11
Feb
Feb
2%
11%
173%
100
170
Jan
3
173% 175
•>.}.
3%
3%
/a
4,000
1,000
Mountain
States Power
Mountain
States
its
14%
14%
15%
30
30%
30
*
common
Tel
&
iir
lo
Producers
3%
200
5c
.
—
11%
,
300
11%
4%
?
Namm's
31
Hess
National Breweries
1%
2%
common
..
5%
.1400
,
3%
13,200
r
210
;
31%
i
13 14
Jan
12%
•;
Jan
11%
-12%
13%
13
16
National Radiator Co
-
National Rubber Machinery.
10%
9 Va
10 VB
"4%
10%
16
Ltd
v
16
Jan
Jan
Reed Roller Bit Co
30o
.
35%
Jan
Feb
34
Feb
Regal Shoe Co
Rels (Robert) & Co
11%
Febr
12%
Jan
Reliance Electric &> Engineering
12%
Feb
14
Jan
Rice 8tlx Dry Goods
13
Mar
15%
Jan
Richmond Radiator
16
Feb
17%
Feb
7% Mar
10
Mar
10
Jan
Mar
16
1,000
100
15
4%
4%
300
3%
2%
600
11%
9%
9%
10%
14%
13%
15%
700
Nestle Le Mur Co class A
*
4%%
Tel & Tel__
Zinc
25
New Mexico & Arizona Land
.
1
New Parte Mining Co
New Process Co. common
64
i
N
Feb
Roeser
Jan
Jan
Rome
Y
10 %
64
1%
Root
92
Jan
Mar
6
Jan
14%
16
15
24,700
16
1,275
1
m
30%
325
%
500
30
Jan
Feb
Feb
.
2% Jan
17% Jan
1% Jan
—
54%
20
7%
8%
27,900
20%
23%
4,100
54%
54%
Jan
7%
Mar
31
30% Mar
—
—
1%
14% Mar
34
Jan
Feb
55
Mar
29
54
Feb
8% Mar
19% Mar
23% Mar
5%
"5%.
5%
1,500
2%
2%
1,400
20%
26%
225
~3%
4%
900
4%
2%
5%
Jan
Mar
3%
Jan
Feb
24%
3% Mar
2
18%
Mar
59%
2,000
12%
64%
Jan
6
8%
Feb
1%
Feb
___
--
24% Mar
Jan
27% Jan
3% Mar
4% Jan
1%
2% Jan
1%
2
92%
93
70
87
Jan
23%
—
23%
200
23
Mar
400
4,100
Jan
100
*
1%
Jan
Jan
Jan
Jan
Mar
82
50
75
82
10%
93
Mar
23% Mar
29
150
27
Feb
29
14%
100
14
Mar
15
18
Mar
200
4% Mar
25%
20®
24% Mar
21%
20
21%
2,000
7%
7%
10%
10%
Ryan Aeronautical Co
Ryan Consolidated Petroleum
1
*
Ryerson & Haynes common
5
4%
—
8
8%
—
_
«,,
Feb
Jan
17
7% Mar
10% Mar
5% Jan
25%
Jan
21 % Mar
8%
Feb
Jan
14%
Jan
14%
10
Jan
10% Mar
5%
10%
100
6%
2,700
3%
Jan
6% Mar
9
6
6%
1
800
8
9%
1,400
7% Mar
11% Jan
300
4% Mar
6% Jan
5%
Feb
Feb
Russeks Fifth Ave common
10%. 10%
24%
Jan
14%
Royalite Oil Co Ltd
10%
1.25
Co
Jan
29
Petroleum
25%
10
1
*
Rotary Electric Steel Co
Rowe (The) Corp common—
Feb
Mar
9
<29
10
2%
l7/a
1%
5
1
Corp common
Jan
78
lo
Jan
£l
5
dep rets for ord reg
Cable
Roosevelt Field Inc
5
700
1%
Pendleton Inc new com
10
100
3,700
6%
6
1514 Mar
&
.4
600
60%
13%
Rolls Royce Ltd—
11%
Feb
Feb
pfd F
82% Mar
'160
4%
13%
4%
•
Rosarlo
N Y Merchandise
N
6
•
Y Auction Co common
N Y & Honduras
86%
10%
20
;—
84%
4
l
convertible preferred
New Jersey
86%
lou
1
5
•
1
1
(Texas Corp) v t c
Rochester Gas <fc Elec 4%
4%
Feb
8% *Jan
300
5t
Clock & Watch Co__
Mar
Mar
Feb
Mar
3%
2% Mar«
5
New England
Feb
90 Va
151
Jan
144
150
Rio Grande Valley Gas Co—
(Herman) Corp.,.
Neptune Meter common
New Haven
1
100
Amer
Nelson
79
240
146
*
29y»Mar-
,
2%
.common
290
79
146
Jan
3%
400
,
,16%
8%
National Union Radio
6
4% Mar
500
14
13
16
81%
6% Mar
R
Radlo-Kelth-Orpheum option warrants.
Railway & Light SecuritiesVoting common
10
Railway & Utility Investment A
1
Rath Packing Co common
10
Raymond Concrete Pile common
•
$3 convertible preferred
•
Raytheon Manufacturing common
5
700
12%
Feb
12
81%
3,400
.
Feb
12
Co
Power
33%
National Mfg &.Stores common
National Pressure Cooker new com
National Steel Car
15%
13% Mar
25
National Fuel Gas
National Mallinson Fabrics
Quebec
Jan
28% Mar
j
29%
common
preferred—
National Transit
13%
5%
common
36%
600
Mar
100%
Feb
11% Jan
400
13%
.2%
10
Corp
Inc
National Bellas
400
100
7%
Mar
N
Nachman
100
42
12%
% Mar
,;i5%
25%-- Jan i.:s
11% Mar
.
Jan
V,
26% Jan,,.
98
-
300
Jan
'
12% Feb
150
28:'.- 281«.
•
2.50
lo
Feb
iV Jan
•.
100
Murray Ohio Mfg Co
Muskegon Pistoxf Ring common
Muskogee Co common
Quaker Oats common.
8 %
preferred
41
12%
"6%
41%
Jan
36%
,
Pyrene
Jan
Mar
175
34% Mar.
10c
Manufacturing
•
*
1
10
prior preferred
Puget Sound Pulp & Timber
Pyle-National Co common
$5
Jan
♦
A
Tel
Mar
300
2,400
v!.
■
8%
•
5
,
Moody Investors partic pfd—
Morris Plan Corp of America
Mountain City Copper common
Mountain
23%
•
1
1
—1
Utilities
Ward
Montgomery
1,100
6
100
common
Molybdenum Corp
Monogram Pictures common
Monroe Loan Society A
5%
5%
Shipbuilding Corp—
Founders shares
1
Niagara Hudson Power
1
common
17
-
8
5%
1st preferred
100
97%
6%
2d
100
110%
preferred
7%:
•
.11%
Feb
92
Feb
102
Jan
107% 111%
270
104
Feb
117
Jan
Samson United
Jan
Savoy Oil Inc (Del)
Sayre & Fisher Brick Co
Bchulte (D A) Inc common
Scovill Manufacturing—
11%
H
8%
12
l
Nlplssing
5
%
1
1
14%
45
Mines
North Amer Light & Power common—l
North American-Rayon class A
*
Class
B
38 %
14
14%
7%
35
7%
38%
34% x37%
400
•
■
200
1
15
3%
Aircraft Inc
Novadel-Anene Com
see
page
,
,.
35.
■
Feb
14% Mar
% Mar
15%
3
3%
37 %
11
10%
11%
20%
1,500
Jan
Scullln Steel
Co
common
Securities Corp General..
Seeman Bros Inc
1
:
*
Jan
Mar
43
Jan
Segal Lock & Hardware
Selby Shoe Co.
1
*
Jan
3
Feb
Selected Industries Inc common
1
5
Mar
2% Feb
Feb*'
34% Feb
:
-
19% Jan
/•v 3% Mar
Jan
97-.
12,300
19%
1
25
*
43
15
2,000
20%
25c
1
33
100
•
Corp common
33% Mar
.
4,400-
36% -37%
Feb
7%
6% Feb
..
-
5,COO
101% 101%
18 %
13"% Mar
9,900 V
1,500 > :•
Class A $2 conv
Salt Dome Oil Co_
9%
8%
9%
1,000
8 % Mar
13%
32%
30%
32%
1,500
27% Mar
37%
8%
9%
7,800
2%
2%
1,500
7% Mar
1% Mar
9
"2%
92
Jan
103
Jan
42%
.
$5.50
prior
5
Sentry Safety
22%
Serrlck
Jan
stock
1
1
Corp
Control—
class
B——
——
1
1
Jan
Jan
3% Jan
2%
500
2
% Mar
3%
1,500
3
Feb
"2%
2%
2%
4,600
2% Mar
29%
28%
29%
2,500
27
Feb
33
12%
12%
12%
1,500
10%
Feb
12% Mar
2%
2%
800
l'/8 Mar
2% Jan
300
16% Feb
18% Jan
2% Jan
2%
17
17
17%
r
2%
4,400
~2% ~2%
15,600
18 %
3,750
2%
2%
Feb
2
20% Mar
"2%
18
:
17
75%
25
(R B) Inc
Sentinel Radio Corp common
2%
2%
76
250
1%
24%
Jaii
Jan
2% Mar
Feb
74
Feb
18% Mar
82
Jan
80% Jan
4%
~5%
1,400
4% Mar
2%
1,200
1% Feb
1%
700
% Mar
1
Jan
3% Jan
13%
,2%
5%
4%
/1% Mar
75% Mar
Allotment certificates
Semler
11% Mar
7% Feb "
19% Max
Jan
Convertible stock
Jan
12% Jan
3
1-ft Jan
-.-12'.
1,500
l
.
Jan
Mar
90
pfd.100
25
9
12
900
50
Northern Indiana Pub Serv 5 %
Northern States Power class A
Jan
2%
5
North Penn RR Co
•
%
Jan
9% Mar
8%
4,300
800
8%
% Mar
2,500
,•
Northeast Airlines
For footnotes
7%
-
•
common
North American Utility Securities
Northern Central Texas Oil
Northrop
14
•
50
1
1
Ltd
pref
7
450
Nineteen Hundred Corp B
Noma Electric
St Lawrence Corp
48,500
8%
5
;
14%
8%
14
.Niagara Share Corp class B com
1,700
97%
97
Class B optional warrants
Niles-Bement-Pond
18
*
10% Mar
5%
Jan
2% Mar
1% Jan
11% Jfan
33
34
THE COMMERCIAL
(1390)
NEW
YORK
Week's
Thursday
Exchange
Curb
Range
Leather
Shawinigan Water & Power
Sheller Mfg Co
Sherwin-Williams
4%
1
—
Canada
class A
of
--
—
Feb ""
17%
Jan
Waco
Feb
167/a
Jan
Wagner Baking voting
7%
preferred
62
—
Mar
73
Jan
104
1,100
14%
Jan
108
Mar
17%
12% Mar
400
Jan
~9
*
675
9
Mar
11%
50
9%
1
100
6%
7
232
£1
36
36
Mar
36
Jan
230
7%
3%
—
225
410
240
256
Mar
Feb
Feb
4
Jan
Jan
3 >/2
400
3%
7% Mar
6% Mar
2,400
Mar
90
90
100
•
1
Manufacturing Co—
Manufacturing common
South Coast Corp common
1
Feb
14% Mar
__12.50
—10 "
original preferred
conv
Feb
474
Jan
Wickes
774
Feb
974
Jan
Williams
414
3774
700
374
Feb
474
Jan
Willson
_1
4.32%
cum
Southern
i
Spencer Shoe Corp
Stahl-Meyer Inc—
Standard
Brewing Co
Standard
Convertible
Standard
$1.60
Standard
Standard
Corp
9%
2
3%
;
4
50
17 74 Mar
19%
7%'
7
7%
7%
Corp
:
574
Jan
574
Jan
52%
Feb
6174
—
Feb
25
1
15
774 Mar
8%
Jan
Feb
274
7%
Associated
Assoc
14%
1
Feb
14
Mar
Jan
:
15%
Jan
2074
2774
Jan
31 %
Power
Si
Light 7%
Feb
100
275
13% Mar
16%
Thew
Shovel
Co
3 74
1,500
2% Mar
3%
Jan
10
Feb
1474
,
Corporation
Tilo Roofing Inc
Tishman
Tivoli
Brewing
Tobacco
3;
Construction
&
Allied
49
49
74
200
'44
Jan
51
Feb
1774
300
16
Feb
21
13%
13%
200
12 %
Feb
14%
Jan
12%
i2%
100
1174 Mar
15%
Jan
5%
674
4974
4974
12%
dep rets def
•Todd Shipyards
Corp
_•
—
100
jr
t
1
Jan
Jan
Feb
534
137b Mar
124
474% pfd-,
Mining of Nevada
~i%
•
100
*
~1%
105
Feb
6% Jan
50% Mar
95 % 105
Feb
774 Feb
1%
700
Feb
1%
Jan
"«88
Feb
105
Mar
9434
125
92
Jan
97
Jan
174
174
1,400
1
Mar
174
Feb
5
4%
5
2,300
474 Mar
674
2
274
134
274
Jan
.
„
1
10,900
Feb
*
-
80c
Lamp
Works
convertible
~6
1
preferred
*
-
674
974
~6
400
974
100
Jan
9
974 Mar
12
Unexcelled
Union
Union
Chemicals
Gas
of
Corp
Canada
Investment Co
Union
Oil
$3.75
Co
pfd
of
A
♦
900
Jan
2% Mar
674 Mar
574 Mar
874
6% Jan
92%
Jan
Jan
*4
"474
_434
74
40
«...
7,600
:
200
40
i7<r
Products
Jan
374
Jan
474 Mar
3874 Mar
Feb
40
18,500
18%
3374
1874
Feb
100
17%
2,700
9,900
Xl8%
19%
74
Jan
Feb
3474
Jan
16' \:Feb
1874
Jan
Feb
21
Jan
20
7
Feb
30
2574
Jan
177b
•
dep
rets
ord
NJ
United
Profit Sharing
preferred
10%
United
RR
Shoe
&
Canal
Machinery
Air
U
,
S
S
and
"
$5
1st
U
Foil
S
Co
class B—
preferred
Radiator
U S Rubber
United
common
Consolidated
Universal
Universal
Products
Utah-Idaho
Utah
Power
i
1374
1474
2%
15
1
1
2%
274
73-
74
15
1574
2%
Oil-.:
300
6,000
common
4474
10
_5
•
Feb
2
Jan
Jan
5474 Mar
-
1074
62%
Jan
41%
Jan
9%
Jan
387b
,
Jan
874
Feb
2% Mar
1174
5%s
26%
24
Electric
1970
20%
20
Venezuelan
1
preferred
——5
Petroleum
1
Syndicate Inc
Manufacturing-
For
footnotes
see
7Vs
page
674
6
2%
274
' 12%
♦
35.
Jan
Feb
9%
Jan
Mar
274
Jan
Jan
Jan
Jan
Jan
900
3974
Jan
Jan
;2o
23% Mar
.29
10
674
2,800
3 74
£00
1274
100
Thursday's
Bid & Asked
Bonds
93
January 1
No.
104% 10474
94
Range Since
Sold
High
Low
17
105"
92%
20
97%
9974
$104% 105 74
High
102Ti"
1
94
100
96
99%
110
109%
1 io %
100
100%
100%
106
110%
168
'r~
103%
168
18
98%
1954
83%
M-S
274
20
Feb
Mar
4474 Mar
Jan
Jan
3%
2274
Jan
Jan
77b Mar
85
534
Mar
100%
Feb
27b Mar
X12T4
Feb
89
81%
92%
93%
23
104
104%
36
10374
105%
16
105%
106%
3s
1977
J-J
80%
79%
El
Lt
ref -mtge
3s
1st
ref
mtge
274s
1st
ref
2%s series
1st
Gas
Pwr
&
(Bait)
1969
R
Gen
(Bait
City)
Si
N
mtge
4s
&
Marelli
Elec
Mfg
A6%s with Nov 1
A6%s
Nov
ex
Finland
-
'
1956
A674s
B-
A7s
1941
1970
Valley
at
J-D
,
»
103
56
102
103%
102%
102%
103 74
104%
—
59,
J-J
$21
J-J
100
J-J
59
25%
17
25%
26
3
—'—
19
11
a6%
>,23
25
17%
17%
25%
25
99 74 100
26
6
18
97 %
100
52%
65
59
62
75
20
20
if: 7 2
$10
J-J
3%s
18
J-D
$104%
20
28%
17
18
3
17
18
__
25
4
"
__
1969
J-J
F-A
$101% 101 %
1963
A-O
1967
—1961
Af-S
M-N
-
$108 74 109%
1956
RR—
107
108%
101%
«...
101%
;
to
3%s
4s——-—2004
3%s
1968
1st mtge
17%
17%
,1.
18
25
17%
—1966
$58%
Lexington 1st mtge 3s_
104
104
106
$102% 10374
106%
10174
106% 106%
4
82%
82%
J-D
J-J
10
$104%
$103% 104%
103%
105
19
102% 102%
J-J
1970
-
60%
102%
J-D
'
58
$106
A-O
1964
Pennsylvania Water & Power 3%s_1964
61
$103% 104%
A-O
>
1971
mtge 3s„
Park
103
25
17%
16%
~
N Y & Westchester Ltg
1st
61
176%
101
'
104 %
$21
1952
374s
Power
England Power
Ohio Power
38
176%
56%
*102
$20
—
F-A
1963
Milwaukee Gas k Light 474s
New
31
100%
„
104
coupon—1952-
1947 coupon
4%
•
Co—
1940
Corp deb 474s
Extended
M-N
1957
& Light
Power
4174
$100 74
1952
Altalian Superpower 6s
Midland
31
101
56%
1952
Kansas Electric
61%
37
101%
—
102
1957
6s
1
30
$102% 103%
102
1955
coup)
(July 1941 coupon)-
Hvdro-Electrii.
Kansas
J-D
J-J
1952
A7s ex Nov
99%
Sec—
F
1
99 %
__
40
1957
Nov
97%
101
A-O
(Aug 1941 coupon)
series
29%
$165%
1949
series E
A 7s
55 3i
14
28
M-S
1955
Power
1
39
35%
$100
A-O
Jan
(Dec
.60
3374
J-J
1963
series C
A674s
58
101%
J-D
-
Jan 1949
A
ser
Indianapolis Power & Lt 3%s
A7s
115
100% 101%
-
M-S
1958
Ouantanamo k Western 6s_
International
112%
98%
—
$10
1961
1956
series
109
$24%
1948
fls
97%
104%
1
Mtge Bank—
AGeneral Rayon Co 6s ser A
1
5
94
Co—
Grand Trunk Western Ry. 4s-_,
Green Mountain Power 3%s
Hygrade Food 6s
58
May
J-J
1947 coupon——1953
1
98%
$112%
1940 coupon—1953
Residential
9 8 74
98%
M-N
1965
standard-
5s
98 74
A-O
1993 '
3%s
Elmira Water Lt & RR 5s
Ercole
80%
104%
10574 10674
A-O
1993
B
ser
Fuel
98%
102
Division—
J
mtge 4s ser A—
Gas
81%
7874
RR—
Western
of
.78
5
—
4%s
Lack
429
$104% 106
Af-N
1954
Gas
mtge
J-J
1981
1962
274s conv debs
Consolidated
J-D
1976
Q
ser
79
—
P
ser
80%
79
Registered
106%
101% 102 7/«
92
,.'i 82%
,,
V10374 105rs
103
.
10&,'
Hydro-Electric Co—
1
A6%s
1947 coupon
ex
Oct
1
1940
coupon—1960
24%
21%
$10
25
148,.':
148
A-O
$99
100
M-N
Af-S
$99%
1960
11'
19
34
~A
Public Service of New Jersey—
6%
perpetual certificates—.
Queens Borough Gas St Electric—
574s series A
1st
Edison
Gas
3s_^—1965
4s
3 74s-.i__i.1970
2
'
98.
3%S——1970
101
113%
113%-
10174 101%
103%
1
A-O
1
10074
101%
,103% 103%
60
101%
103%
103% 103 %
5
101%
10474
-
—1966
Corp—
3rd stamped
98
98
3
F-A
103
103
,-.;i
100%
M-N
103
103
1
96%
$111
117
67
67
J-J
r
.—1939
1950
trust
(Hugo)
103%
100
A-O
,
67
A-O
98
100%
67
■
103
100%
116
115
(Hugo)
A7-4s
;;fl407V-14BL
(Calif)—v
Elec
5s
AStarrett Corp inc 5s
collateral
,.
$113%
-M-S
1971
Gas
AN
A-O
Bpalding (A G)
6s
'
1951
3s
mtge 3s
Southwestern
Stinnes
3S.1981'
Lt Si Pwr 6s B———1952
Bcullin Steel inc mtge
—
•->*»?
1952
Safe Harbor Water Power Gorp
Ban Joaquin
M-N
75 7
f >
r-f..
1946
J-J
$22
25
23
1946
A-O
$21
24%
21
$24%
28
19
Industries—
27
Hydro-Electric Co—
7%
Jan
United
374
Jan
A7s
with
Jan
A7s
ex
14
Jan
.,1.
8674
104 74
Jan
10
81
104%
A6%s with Aug 1 1940 coupon—1953
A6%s ex Aug 1 1947 coupon—1953
United Electric Co of N J 4s—_—1949
98
16
83%
86%
84
104
Counties Gas
is
3',
1,200
Week's Range
or
»
,
Sale Price
105% 105%
Southern
Feb
2%
900
Last
2
104
California
Feb
250
5,500
104
Southern
Jan
1,800
A
105%
Jan
2%
8
•
19%
j-j
Jan 1966
California
2%
85
85
20c
Venezuela
Voirt
__
-r~
Feb
2
jr-j
—1948
A7-4s 2nd stamped
convertible
13
104%
Stinnes
$4
800
M-S
Terni
Valspar Corp common—
16
Corp—
redeemed)—
Southern
400
2074
Jan
14
J-d
1953
5s
Jan
Feb
Feb
600
3
Jan
10% Mar
Q-F
2%
81%
174
1274
274 Mar
274
26%
27i
21
100%
300
2,ltf
j-d
Jan
70%
'
274
Jan
16% Mar
11%
8%
1998
14%
175
1,300
•:
4474
43
Feb
95
-'
15
153/4
1970
Feb
2,000
10
common
247%
-
2 74
•
274
10
Co
Feb
20
50c
.-—4
Light
174
180
;
Sugar——
St
274
74
T
—
Insurance
40%
274
1474
warrants
common—
Universal
40
2,350
500
Securities
with
vV.
56%
2%
_i
Reclaiming Co__„—,
Stores
40
55%
1
10c
1
International
56%
25
:
Conditioning Corp-
U
200
Jan
874 Mar
-25
common
Preferred
S
"1% "1%
10
United Specialties common
U
245
~15 8
25c
17
80
Jan
11%
Period
374s
A6%s with Oct
100
—
1,600
Feb
A- O
Piedmont
regis
United
20%
3%
14
M-Q
374s
United Molasses Co Ltd—
Amer
19
Jan
Jan
32
•
common
Jan
62
25
i«
33
18
10
Preferred
96
Mar
1
%
150
1969
McCord
1 3/„
91:
Mar
50
61
*
common
Corp common.^
Light & Railways—
Milk
92%
—
50c
Gas
United
6%
100
warrants
Elastic
Corp
United
United
674
174
474 Mar
6 74
Corp
United
200
5,700
Calif—
series
Chemicals
United
1%
674
•
Union Stock Yards of Omaha
United Aircraft Products com_
United
6%
3,000
99 34 100%
6s
(10%
Service
A7s with
5%
674
•
4%
16%
Thursday
redeemed*
Debenture
1%
5
;
Jan
4%
16
274s
States
(10%
Isarco
'
10o
Jan
574
4%
1958
Jan
U
Corp
1174
Interest
Interstate Power 5s
Realization
Feb
J-D
A7s
Feb
•
Ulen
10
5s
""
Tung-Sol
Jan
5s
Jan
2%
Trans Lux Corp
Trl-Continental warrants—.
Trunz
Inc
'
490
94 %
__
1
11%
Exchange
474s_k_-
deb
Steel
Debentures
Jan
4974 Mar
~~500
80
"l%
Jan
Feb
•
C
Edison
Consol
Jan
1374
674
reg„
Toledo-Edison
Tonopah
1174
1174
5,700
*
Jan
774
10
Debenture
Jan
300
regis
Amer
Jan
16%
1
Stocks
31 Va
13
1
dep rets ord
Feb
13%
Tobacco Security Trust Co Ltd—
Amer
29
13
4974
16% Jan
50
5s
Ltd
Feb
118y2
5
Co
1174
13.
_1
Realty
"
Feb
13%
8
common
6% Feb
100
Debenture
Jan
30
100
common
Thor
13% Feb
1774 Mar
1,300
100
1960
A5%s
Jan
30%
>
20%
400
7%
11%
1
Power
Tel
series
Eastern
2
Jan
1474
Af-N
Cities
Jan
7
10 >4
•
pfd
18%
2074
j.j
A5s
Feb
5%
900
674
14%
1
Texon Oil & Land Co
Jan
Feb
11%
1955
Bethlehem
Jan
50
&
A 1st
Texas
Jan
11%
1964
1st
,
Jan
35%
25%
11%
A
Boston
Y 1% Mar
16% Mar
.
Jan
156
28%
77b
100
receipts
Electric
Tel
5s
Jan
::t 13
250
30%
Jan
Mar
33
1874
2
Curb
Elec
Lackawanna
•
25
15
7%
Jan
Feb
19%
Feb
1474
City Electric 3 74s
Telephone of Canada—
Bell
Delaware
Taggart Corp common
Tampa Electric Co common—Technicolor Inc common.
pfd
Atlantic
Jan
%
50
10
Feb
x22% Mar
25
22%
£ 1
York
Appalachian
Jan
8% Jan
.
2874
10
2% Mar114
Jan
1774
3
33%
Low
Jan
19%
15 74 Mar
14 y8
—
33%
Jan
Jan
8%
Jan
15%
Jan
'
4
;.
Feb
6% Mar
112
200
22%
BONDS
-
Jan
674
•
474 7c
deposit
New
Jan
374
225
13%
14
27%
25c
Corp
Feb
Feb
100
4,800
17 74
•
Sun Ray Drug common
:
Superior Portland Cement, Inc
Superior Tool & Die Co
Jan
374 Mar
Y'VV''
17%
874
3%
8,200
774
14
•
common
Feb
107
>
2%
300
13%
1
Mar
2
Feb
Y.
50
1%
•
common
274 Mar
22
674
L
&
Hargreaves
ICentral
16%
l'/s
1
Jan
29
674 Mar
2,800
55%
16%
1
Feb
1 % Mar
102
^.
•
1
9%
: %
1,400
55%
17%
Jan
■
,4%
4
10
Feb
1174
1%
700
25% Mar
3374
•
preference
Jan
1,800
3%
7
113
140
25
,
Petroleum
(F W) Ltd—
Jan
374
80
:
■'■V,
1
Stroock
Oil
2374
274 Mar
600
7%
5
Swan Finch
197/e Mar
Jan
1%
1,100
Jan
Feb
(Hugo) Corp
Stop & Shop Inc
Sunbeam
1174
1%
1
Stinnes
& Co
Feb
2574
1
—
(S)
874
1,000
6%
2%
274
113
16%
Jan
200
103 % 105
274 Mar
1% Mar
10,900
*
Co
Jan
6%
2%
_l
:
common
B.)
4%
Feb
2774
1%
Wright
Feb
Feb
1
1%
—
6%
3%
26%
1
Sterling Aluminum Products
Sterling Brewers Inc
:
§ Sterling Engine Co
Sterling Inc
(J.
17%
9%
600
6%
1
common
Industries Inc
American
Jan
400
'
:
Woodall
7% Mar
300
2%
3%
Woolworth
5
5,400
2174
17%
•
Stetson
Feb
1%
Stein
,
Woodley
25%
27 74
*
Corp
Co
Jan
9%
Steel Co of Canada
&
700
u-7'a;;
P
Jan
2974
43
4
274 Mar
3%
1
Inc
Brothers
37
Feb
Jan
13
Jan
♦
6%
preferred w w
Winnipeg Elec common
10
Co
Products
Feb
Jan
2%
50
10
Co
3174
Jan
Feb
1% Mar
8% Mar
1,200
18,100
113
5
&
Feb
36
900
1%
20%
' '
C)
Wilson
1
Standard Tube class B
(A)
474
8%
Corp
Corp
(R
Feb
4%
600
2%
——
♦
(The)
*
174
Oil
Co
37%
Jan
9%
110%
3%
274
*
20
Jan
1
Preferred
Starrett
/
21%
20
-
Standard-Thomson
''■*
_1
common
preferred
Corp
Products
39
37%
11
1
Standard Power & Light
Common class B__
Standard
700
,
/
.10
Corp
Forgings
Oil
(Ky)
174
4
—
River
(The)
26 74 Mar
1,100
_•
preferred-
Dredging
convertible
24%
7 74
38
Wichita
23
600
2474
24%
2.78
Cap & Seal common—
1
3% Mar
Feb
Feb
9%
10
&
Feb
8
110%
3
1.25
preferred
Coal--
(Wm)
Wisconsin
263 4
17b
700
9%
-
IncJ
33 74
35 V4
5
*
.
$6
2974
74
26
1
Royalty Co
Mar
'
^
26%
.-25
25
Pipe Line
Southland
4
2,100
3%
1
—
"7.;
"l%
3%Y
,
1
x3%
23
——
preference—.
preferred
warrants
Whitman
1,000
Southern California Edison—
4.48%
Westmoreland
2,000
700
~1%
Virginia Coal & Coke
5
Western Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery
com—*
37
37%
8%
West
8%
4
8%
1%
1
Utilities
4
3%
234 Mar
1
High
3%
Co
Corp
Manufacturing
Texas
3
87b
30
;
Watch
West
16,400
2.500
Low
3
1
Aircraft
Warner
2%
3%
7%
1
Southwest Pa Pipe Line-
5 %
Inc
Baking Co
14%
8 Vb
Range Since January
High
100
pfd
cum
Waltham
1274
3%3%
874
1
Corp
Boss
South Penn Oil common--'
•
trust ctfs ext.*
Weyenberg Shoe Mfg
14
1
Solar Aircraft Co
'.
Bond
&
Westmoreland
City Gas & Elec Co—
3.90% preferred
Smith (Howard) Paper Mills
Low
Jan
Sioux
Bono tone
Waltt
Co
Wentworth
36 "
Simplicity Pattern common
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis.
Solar
Aircraft
Ward
:
Shares
W
Feb
$2
14
14 74
for Week
3% Mar
v
•
Sales
Range
of Prices
Par
12%
Publications—
preferred
convertible
6974
2%
Week's
Last
Sale Price
Exchange
16
200,
200,.
•
Curb
13% Mar
*
common
Simmons-Boardman
$3
6874
'/
69
3,500
17%
14%
York
High
Feb
13
300
3%
16%
14
*
Sick's Breweries Ltd
Silex Co
3
3%
.
Low
13%
•
of America
Corp
..
100
Sherwin-Williams
Thursday
New
Range Since January l
High
13%
-
25
common
preferred
Shoe
Low
—
5
*
Shattuck Denn Mining
ENDED MARCH 25
STOCKS—
Shares
•
common
Monday, March 29, 1948
EXCHANGE
CURB
for Week
of Prices
Par
.
Seton
CHRONICLE
Sales
Last
Sale Price
STOCKS—
York
FINANCIAL
FOR WEEK
RANGE
New
&
Electric Service
Dec
Dec
1
1
1940
1947
,
35
$10
J-D
~
102%
102% 102%
3
102%
103%
Co—
coupon
coupon
1956
1956
I
$24%
$10
25
18
27%
Volume
167
Number 4685
THE COMMERCIAL
NEW
YORK
RANGE
York
Curb
Waldorf-Astoria
Income
A5s
Wash
West
West
Water
Penn
6s
1954
Vis
1964
J-D
2030
A-O
3
5s
Newspaper
f
CURB
WEEK
FOR
CHRONICLE
Bonds
EXCHANGE
January 1
72
72
106 % 106
106%
No.
1106
Low
J117
F-A
101
Interest
Peru
107 Va
120
Rio
101
102%
106'/a
118 Va
,
York
103%
ARussian
Union—
Interest
de
2%s_— -2008
to
J-J
..1997
J- J
(Plan
stamped
reduced
BONDS
i
'
I
')
York
■
Curb
Exchange
Last
Sale Price
Bid & Asked
,
Agricultural
Low
Mortgage
A
20-year
20-year
Bank
(Col) —
April 1946
Jan 1947
7s
A
7s__
Bogota
(see Mortgage
ACauca
Valley
Danish
Cons
External. 5%s
External
Bank
value,
-2012
J-D
..1919
M-S
J-J
Sold
January J
NO.
High
Low
High
Port
65 %
J-D
t31%
33
33
ALiraa
City
Maranhao
(Peru)
84%
Interest
AMedellin
reduced
7s
78
1952
J-J
7
listed
8
M-S
til
15
2008
2 Vis
Bank
M-N
t2l
25
24
33
33
33
39 %
May
1927)
1947
M-N
t42
44
44
Oct.
1927)
1947
A-O
t42
44%
44%
1931
1972
$ 19
J-D
J-D
81
81
Transactions at the New York Stock
Rail-
173.12
Stocks,
173.66
Mar.
22
Mar.
23
—
24
—
25
Mar.
26
Bank
Government
Bonds
Bonds
1.2G4.220
$2,078,000
4,075,000
532,000
1,163,400
3,730,000
1,038,090
,
$18,870,500
4,975,000
Total
100.54
103.09
87.05
102.07
98.19
63.05
100.51
103.11
87.40
102.15
98.29
100.51
103.23
87.83
102.10
98.42
52.79
32.80
63.46
100.60
103.26
88.03
102.24
98.53
63.04
23,609,700
227,681,700
Bonds (Par Value)
£27,000
$2,000
$212,000
251,000
25.000
12,000
288,000
229,000
STOCKS—
■;
c
•
•-
'
■
.7
Arundel
.
/
Corporation
Bait Transit Co
5%
14%
V
vtc __100
1st pfd
FOR WEEK
13,570,619
51,847,670
,$1,316,000
$13,075,000
$25,036,000
'139,000
27,000
2,069,000
4,347,000
451,000
164.000
$1,289,000
$1,432,000
$15,595,000
$29,547,000
:
prior preferred
5%
High
class
Jan
16%
Jan
20
Fidelity & Guar insurance Corp
10
..
•V
14
335
13
Mar
23
39
144
Mar
150
Jan
Cities
40
1
40
Jan
Jan
Copper
Common
6.75%
New
_
prior preferred
Amsterdam
P
_
_
20
__
National
.
5
40 Va
Jan
65
35%
< 7%
37 .
7%
16%
Range Since January 1
Low
High
Trust
100
7',4
__*
pfd stamped
Prop
37
16'%
High
16
42%
38
Feb
,
Feb
Jan
7 Va
14Va Mar
16%
5%
100
420
f
43
Feb
34<
Jan
Jan
Mar
42 %
7%
105
38%
39Va
55
31%
Feb
39
10%
10%
50
9%
Feb
10%
Jan
75c
75c
50
Jan
75c
Jan
72Va
72Va
88V4
90
22
—
25
7V/4
100
RR
,
32 V
465
.
&
Hecla
Service
10
—
.
Range
Boston
5
.
39%
*
1—10
Co_
Co,—-
__
75C
22%
7% Mar
6% Mar
75c
Va Mar
Feb
75
54
105
Jan
160
25
Feb
28%
91
19
89
Jan
91
Jan
48'
48%
80
42%
20
42%
50
Eastern
Jan
105
27%
90
91
—50
Bank
71
25%
—100
Fidelity & Guaranty
Western
'
105
't—
2
pfd
;
71
100
_
3.60%
Shares
"
Casualty-
Edison Co
Potomac
D
__
■;
East
Mount Vernon-Woodberry Mills—
for Week
Jan
146
■40
—
Range
of Prices
Low
100
,
Providence
&
Boston
13
146
1st
A
Personal
Boston
Sales
Week's
Last
Sale Price
RR—
7%
145
--
,
& Maine
Boston
13%
1947
1948
2,851,715
ENDED MARCH 25
Range Since January 1
270
Jan. 1 to March 26
•>,1947
1948
■
158,000
25,000
Total
Calumet
Fidelity & Deposit Co
$1,289,000
STOCK EXCHANGES
Low
•
$25,000
Friday
$1,106,000
-
j
High
15
Good
$158,000
$1,106,000
;
STOCKS—
Shares
14%
241,000
322,000
;
.
Foreign corporate
for Week
Low
•
226,000
4.Q0O
2,000
'
C5.000
255,000
Par
Range
Par
■'
5,000
8,000
•
1,545,475
Sales
of Prices
Sale Price
33.000
183,000
1,545,475
Exchange
Last
V.
Total
Corporate
$183,000
235,345
262,980
——
Foreign government
$419,083,500
$252,069,700
$25,458,700
Week's
Thursday
i/'" >'
Foreign
Foreign
205.240
459,275
202,635
Thursday
V' "'''1
Exchange
Government
Domestic
Share)
—
Bonds
392,308,200
RANGE
'
Holiday
—
Domestic
OTHER
■:
•.
Holiday
—
.
24,4~02~700
Baltimore Stock
98.10
63.12
Total
2,341,000
$21,198,300
102.14
32.70
Wednesday
Thursday
Friday
$2,372,600
$280,500
21,766,500
18,870,500
,
86.75
Week Ended March 26
$108,000
33,000
Railroad & Industrial
102.99
32.73
Stocks—No. of shares
1,741.000
$16,500
a—
100.51
62.90
v
Total
32.71
———
110,658,377
2,278,300
,
.
Bonds
51.89
Tuesday-—-——.
Bonds
International Bank
ties
1947
1948
55,986,347
6,781,910
6,542,230
Ralls
174.05
■■■■
Stocks—No. of shares
Rails
Jan. 1 to March 26
1947
1948
40
trials v
52.06
Saturday
Monday
$21,198,300
$16,500'
Week Ended March 26
>
Utili¬
Stocks
>
of
4,995,800
$33,000
$2,278,300
10
Grade
First
51.76
Week Ended March 26,1948
4,146,500
1,000
405,800
Good Friday
10
Second
Grade
:
Stocks
4,628,000
15,000
561,500
>
000
12,500
404,000
4,412,500
4,575,000
6,542,330
"$4
$17,000
'■
by Dow, Jones & Co.
Indus¬
10
(Number
$2,453,000
$375,000
2,036,540
Foreign
cash
173.50
Sales
Monday—
U. S. Government
h Ex-
for
173.62
Bond
Bonds
Bonds
1,040,080
ties •;
32.62
Total
Saturday
Total—
div.
Daily, Weekly and Yearly
United States
Foreign
and Miscel.
Shares
—
d Ex-interest,
Ex-stock
Transaction
current week.
Transactions at the New York Curb
Exchange
Int'l
Railroad
Nuniber of
Tuesday—_.
3%
SB
utu-
v
51.78
20
Total
IB
roads
trials
■
Daily, Weekly and Yearly
Wednesday
Thursday—
Friday
3%
.
-Bondft-
20
Indus-
Mar.
of Bogota—
(issue
Week Ended March 26, 1948
range),
g
r
10
Date-
(Issue of
Bank of Chile 6s
during
2%
closing averages of representative stocks and bonda
30
Mar.
Mortgage Bank of Denmark 5s
sales being transacted
-Stock»-
15
A7s
^AMortgage
the daily
are
25
J-D '
14%
A7s
of
no
2%
63
in year's
the New York Stock Exchange as compiled
on
Mar.
Mortgage
(not included
24
58
i-
Stock and Bond Averages
8
8
stamped
2%
2%
78
1951
to
2%
2%
84%
F-A
6%s stamped_1958
(Plan A)
stamped
asked prices;
and
39%
•
M-JV
-1955
stamped
18
21
18
•'
2%
65 Va
Waterways—
6Vis
21
J-J
1953
&
AExternal
15%
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 i," when issued;
"w w," with warrants; "x w," without warrants.
Below
Danzig
.,
being traded flat.
§Reported'in receivership.
Range Since
A-O
1948
-
27
13%
18
14%
n
Loan—
5s
%
•;V-:-2%
Deferred delivery transaction
a
14
A)
2
of)
7s
Municipal
Bonds
Thursday's
or
High
29
—
A Bonds
Week's Range
Thursday
Interest
Period
New
i
January 1.
Low
26%
—
transaction
principal.
Range Since
Sold
NO.
(not included in year's range),
f Ex-distribution,
Under-the-rule transaction (not included in year's range),
(not included in year's range),
x Ex-div.
y Ex-rights.
e
^Thursday's bid
,»
14%
-1921
par
125%
0
6V
to
Government
Odd-lot
Bonds
High
_
Janeiro
Interest
Range
Thursday's
Bid & Asked
of)—
2Vis
to
•No
i
Week's
or
.«
Sale Price
Low
A5%s
Foreign Governments & Municipalities
Last
Period
Exchange
reduced
(Republic
Is
Curb
stamped (Plan A)
106%
119%
1959
Parana
102%
5
106%
J-D
BONDS
New
77
72
2
%'
High
35
MARCH 25
ENDED
Range Since
Sold
High'-]
—I960
debentures
(1391)
Thursday
Thursday's
|Bid & Asked
M-S
5s___
Power
r
or
Low
debs—
Electric
conv
Last
Sale Price
Period
Hotel—
Penn Traction
Western
i
Interest
Exchange
FINANCIAL
Week's Range
Thursday
BOND8
New
&
-
106
,
Jan
44%
Feb
Jan
42%
•
1st pfd
6%
SS
Employers
First
series A
100
Lines
Inc
Group
National
__
100
adjustment
pfd
Eastern
Jan
Ry—
B preferred,
5%
'
BONDS—
Street
6%'
..
48% Mar
42
•
Mass
_-
10o
*
50
355
66%
.
,
81
'
1
23
23% Feb
Mar
23
24
28
51%
28%
200
26%
52%
368
Mar
90
Feb
Mar
51%
26%
49% Mar
•
•
72% Mar
Jan
22
23
•
common
Assoc
Stores
25
100
Jan
31
Jan
58 Va
Feb
Jan
;v
*
Atlantic
Coast
Line
of
Conn—
'.
-
5% ctfs of indebtedness
Baltimore Transit Co
5s
series
A
1975
Mar
46%
30,000
45
Mar
56%
21,000
55
Mar
55
56
General Capital Corp
Electric
:
T,
111
111
45
.1975
■
$1,000
111
4s
■
Ill
.
68
Gillette
Jan
Jan
Isle
Safetv
Royale
Kennecott
Loew's
-
Boston Stock Exchange
•:>:
41,
.
\
.
Thursday
t
Last
.
STOCKS—
.
I
Week's
t
1
.
Range
Sale Price
>;
.
.
' :"v
Par
Maine
5%
Shares
Range Since January 1
Low
High
American
Tel
American
Woolen
•
43%
42 %
43%
575
36% Mar
Copper
50
34%
34%
35%
891
30%
Anaconda
Bird
&
Boston
Son
&
&
Tel
100
Inc_
*
Albany RR
t
Boston Edison
Elevated
25
118
41%
'
'
'
39%
>
469
119
'
41%
'
17%
165
<■
115
.988
'
'
•
'
Mar
Feb
Feb
Mar
High
153%
Jan
•'44% Feb
35% Mar
20% Mar
125Va
Feb
36%
Feb
41% Mar
30
19%
Jan
19%
697
22 Va
Feb
28
'
'
100
Herald Traveler Corp
For footnotes
see
page 44.
Copper
Boston
RR
common
Narragansett
Works
Racing
Service
New
England
New
•
19%
28
19%
22 %
19%
28
Jan
Mar
Assn
Butte
Northern
Electric
(N H)
Pacific Mills
Quincy Mining Co
Rexall Drug, Inc
System
& Tel
100
6%
__
_*
6%
32Va
6%
44
44
v.
Mar
10%
15%
15%
15%
40c
35c
42c
11
2.50
11
11%
86
84
86
45c
55c
55c
.,100
__
•
Feb
36
33%. Jan
100
269
5,373
150
1,225
12
Feb
10
11
38c
91%
69c
Feb
187
30
16%
125
Feb
715
Feb
4%
'6
"'
3,262
6%
275
5
3%
5%
Feb
Feb
Jan
Jan
12%
Mar
107% Mar
Jan
17%
Feb
;; Feb-
83
Jan
Jan
45c
14% Mar
30c
•:
54
41% Mar
33 Va
18%
32
17%
6%
7%; Jan
Feb
Feb
16
33%
4%
6%
31%
28%
107% 107 Va
18
*
15
30
2,300
HVa
20
100
:i;'
110
11
2.50
16
300
34
3lVs
1
'—25
Jan
116
'
30%
.
50
—
Mar
14%
i
*
Mar
4
51
14%
•
Jan
Feb
51
•
Jan
36%
Jan
14Va
V,''
Jan
36
Feb
28
3%
49 %
51
1 ;
41.21
Feb
31% Mar
42%
768
5
Mining
RR
:
38.90
1,990
4
l
Cos
England Tel
North
3%
.*
Nash-Kelvinator
National
669
100
—1
Alkali
1,806
33Va
25
:
/v.; '
Central
35%
32
—
•
Theatre—
preferred
33%
32%
15
Pennsylvania RR
Railway—
Stamped
Boston
119
148
2,993
20%
20
-
100
1
Boston
148% 149%
149%
=
40
40%
35%
•
Mergenthaler Linotype
for Week
'
of Prices
Lou)
1
Co
Copper
*'*
.
Mathieson
Sales
.
/
Razor
40.57
•
General
Mar
77
■
35%
Jan
Jan
Jan
Jan
Jan
20
Jan
:*5
Mar
'
7%'Mar
36
THE COMMERCIAL
(1392)
FINANCIAL
&
OTHER STOCK
RANGE
Week's
Shares
Par
Shawmut
Stone
&
Webster
Stop
&
Shop
Tornngton
Inc
_____—_—1
Inc
United
Fruit
Co
Shoe
Machinery
Drill
14%
Jan
Sunbeam
13% Mar
15 %
Jan
Oimustrand
Mach
Mar
38
Feb
Swift
&
capital
35% Mar
50
37
37%
36
37%
225
—•
42
Jan
Swift
International
52%
35
1,095
51%
53%
1,897
25
56%
55%
56%
750
10
common
Ruboer
11% Mar
278
36
42
41%
42
Container
Jan
13
36
Par
High
15
13%
13%
130
481/4
Feb
56%
61%
Jan
38%
45 %
Ctfs
Jan
54% Mar
-
Vermont & Mass Ry
Co
System Inc
Westinghouse Electric
125
100
;
Corp
125
10
14%
*
12 %
29y8
125
25
28%
29%
14%
411
Corp
Co
125
Mar
Last
Par
Admiral
Corp
Advanced
15%
25
30 %
208
Castings
Jan
Feb
Co
So
American
Tel
&
Armour & Co
Avco
Mfg
Co
1,350
3%
9%
Feb
22
22%
500
22%
149%
148% 149%
7%
8%
Feb
350
Feb
31
25
23%
25%
1,900
19 %
Feb
26% Mill'
32%
32
32%
700
30%
Feb
36%
Jan
Jan
18%
400
18%
iVTar
21%
Jan
55%
56%
400
52%
Feb
58
Jan
17
500
16
Feb
21%
28%
Feb
37
Jan
Mar
48
,Jan
Elec
&
Inc
Mfg
]c%
1*%
2
31%
31%
33
300
45
46
20
•
Atchison
Topeka
12%
12%
200
1%
1%
200
1%
11% Mar
14%
Certain-teed
Columbia
Jan
Feb
2%
Jan
4
8
8
50
6%
Feb
8
3%
4
250
3%
Feb
4%
common
*
25%
Feb
29%
Jan
14
250
250
10
16
Feb
Jan
11%
13% Mar
11
3%
3
"3%
*
Jan
14
3% Mar
2% Mar
2,700
14%
800
12%
Feb
14%
28%
29%
800
26%
Feb
29% Mar
50
34%
35%
700
30%
Feb
35 % Mar
100
Fe
common
13%
com
Products
100
97
34%
15%
300
Jan
97
Mar
Feb
34'/a
Jan
Mar
16%
Jan
92% Mar
1,000
14%
1
97
33
34%
•
new
30%
14
Electric..
&
11%
11%
1,000
10%
Feb
11%
Jan
1
7%
7%
7%
300
6%
Feb
8%
Jan
—*
Gas
6'A
6%
6%
3,b00
4%
Jan
6% Mar
—*
Motors
Curtiss-Wright
Farnsworth Television & Radio
Feb
Jan
500
5% Mar
6%
Feb
31% Mar
1
35%
Jan
Jan
3
78%
28%
10
St San
& Santa
Steel
Bethlehem
Jan
Mar
13%
1
&
Jan
Jan
25
152%
Mar
Feb
68
Stocks—
Radiator
Rolling Mill
Anaconda Copper Mining
Jan
94
800
10%
14
•
common
102% Mar
300
73
99% 102%
73
*
common.—..
Bankshares
Jan
72%
102 %
12 %
com
44
28%
•
•
American
5% Mar
11%
21% Mar
148
1,200
27% Mar
18%
common
Stores
Continental
_1
capital—
Corp____
3
5%
5%"
5%
common
39%
10
;
Berghotf Brewing Corp
Blnks Manufacturing Co capital
40
4,200
4%
Feb
250
32%
Feb
40
350
17%
Feb
20%
11
19
11
11
1
11%
800
11
1
19%
5% Mar
11
150
Mar
9% Mar
v
Graham-Paige
Gas
Jan
13
Motors
Nash-Kelvinator
Jan
Jan
York
New
Central
American
North
RR
capital
3%
Feb
5%
Jan
4%
Feb
5%
Jan
5
5%
600
15%
600
14% Mar
1,800
*
15%
*
10
15%
14%
5
Co
1,700
5
5
—.4
Corp
35%
4%
1
Light
Mar
12%
34%
General Electric Co
Laclede
Bastian-Blessing Co
Belden
500
5%
10%
*
1,600
25
Salle
American
High
common
Corp
Washer
Mig
8%
4%
10%
5
.
Low
High
8
1
Alleghany Corp
Range Since January 1
5%
-*
100
;
capital
Co common
Products
Automobile
Co
common
Asbestos Mfg
Athey
Tel
*
Jan
29
25
(The)
La
Unlisted
for Week
10'A
5
9%
27%
5
WwconBin
Shares
High
Feb
29
Ltd—
St Corp
Union Carbide & Carbon capital
U S Steel common
Jan
Sales
Range
of Prices
Low
—.1
common..—
Alum
Aetna Ball Bearing common
Allied Laboratories common
Week's
"
common
Co
7%
1,350
*
,
stock..
Low
8%
5
common
Tool
Range Since January 1
High
8
&%
1
(The)
Wieboldt
Sale Price
common
Corp
Trane
Mar
13% Mar
Chicago Stock Exchange
Thursday
Corp
deposit—
of
Co
Texas
Westinghouse
STOCKS—
Shares
Low
Jan
Feb
Feb
Thor
Waldorf
Sales
for Week
Week's
Sale Price
Stone
428
5
United
S
Low
14
13%
Range
of Prices
Thursday
Last
High
•
Co
Twist
MARCH 25
STOCKS-
12%
12%
EXCHANGES
ENDED
Range Since January 1
13%
*.
Union
U
Low
*
Assn_.
Monday, March: 29, 1948
for Week
Last
Sale Price
WEEK
Sales
Range
of Prices
ThursdaySTOCKS—
FOR
CHRONICLE
14%
14%
400
12%
15%
15%
600
14% Mar
4%
4%
700
17% Jan
15% Jan
—
Feb
16%
Jan
''
Borg (George W) Corp
i
Borg-Warner Corp common——
Bruce
Co
iE
Li
Piston
Burd
Butler
&
Co
Central
Cent
111
&
(AM)
Secur
S
Cherry
Burrell
10
common
common
50c
common
Corp
1
700
Mar
10
Jan
II
52%
50
50
13
13
150
12% Mar
16 %
11%
900
974 Mar
12%
Jan
4%
'
36
1%
4%
36
1%
10
1%
9%
10%
500
45%
44
100
2,600
8%
Pan
Jan
50
6
36
Feb
1%
common
1
12'A
10%
12'A
8,900
9%
Feb
*
66
65%
66
400
64%
Feb
66
30
30
190
26%
Feb
31%
175
20% Mar
Pictures
Oil Co
Convertible
Chicago Rock Isl & Pac com
Chicago & South Air Lines
*
*
__
6%
6%
6%
5
200
Jan
Radio
25%
Jan
of
Corp
Convertible
common
Cities
Co
Service
Consumers
•
2%
(new)
25
common
115
59
10
common...
Edison
115
59
59%
38
38
27%
27%
27%
115
Mar
52%
500
32
100
v..
25%
1,500
Feb
Feb
Feb'
preferred
(new)
50
class A
1
Eddy Paper Corp (The)
Drive
35
35
2%
•
Auto
10
35
90
8%
8%
2%
95
63%
" 8%
16%
2%
Feb
3'A
74
73%
75
v
Candy class A
Finance Corp common
General
Feb
95%
General
Motors
Gibson
Corp
common
Refrigerator
Gillette
Skfety
Co
Razor
common
Lakes Dr
Qreai
&
Dk
18%
&
6%
100
10
1
53%
54%
500
8
8
8%
500
9%
Jan
American
common
400
28
Feb
*
41%
41%
200
39
Mar
15%
common
•
Co
Instrument
1
Harnischfeger Corp
Heileman
16%
16%
16%
550
10
10
100
21%
22
250
18%
29
Hein
Werner
Hibb
Spencer Bartlett
Horder's
Corp
29%
500 "
24%
10%
10%
200
52
Inc
Hupp Corp
10
common
capital
Brew Co
(G)
common
56%
50
Feb
1
3
(new)
common
10%
.25
common
*
...
21
1
common
21
3%
3%
9 % Mar
Jan
58
8%
Illinois
Co
Central
Independent
Indiana
capital.
RR
Products
Power
Tool
com
30%
31%
•
21
21
21%
1
7%
7%
87%
common
pfd
$6
11
31
International Harvester
Interstate
10%
100
common
Pneumatic
Steel
IT/'.
__
Jan
Jan
30
Mar
9
Jan
11
Jan
Mar
64%
Jan
3% Mar
86 %
*
1
13%
8
87%
6%
6%.
Feb
Kellogg
Co
common
Switchboard
v
•
common
8%
14
8%
8%
100
12%
Feb
Co
&
*
common
McNeill
& ,Libby
common
7
Printing Co common.,
Lindsay Lt & Chemical common
Line Material Co....
16%
9%
x21%
4%
Gas
Range
Marshall
Field & Co
Mickelberry's
Food
* )
Miller A Hart Inc
13
Cin
32%
250
21
Mar
common
200
6%
Feb
8%
Montgomery
National
&
12
550
Mar
250
6%
Jan
standard
American
Northwest
Northwest
new
com
common
Car
common
Bancoip
2,500
17%
50
70
16% Mar
8%
Feb
•16% Mar
350
44%
Jan
15% Mar
10
14%
Manufacturing
Pennsylvania
Pressed
Rath
RR
Steel
Car
Packing
common
capital—.
common.....;.,
common
Schwitzer
Bears
(J
19%
Jan
Randall
9%
Jan
Rapid
Serrick
U
21'A Jan
S
Jan
50
350
22
Feb
24
Feb
52%
53
300
48% Mar
53 %
Jan
16%
16%
100
16% Mar
16% Mar
32%
33
350
32'A Mar
37 %
Jan
Alleghany
Corp
26%
26%
150
26% Mar
28%
Jan
American
Coach
Jan
American
21
21
50
150
151
120
8%
8%
19%
1,500
8
135
Feb
Feb
7% Mar
21%
151
8%
Jan
STOCKS—
.
&
Ohio
& Fuel
Ice
Jan
Clark
20
Jan
Cleveland
9%
100
9'A
Jan
10%
Jan
100
29%
Feb
31
4% %
Jan
Cleveland
37%
Jan
Consolidated
Feb
11%
Jan
Eaton
Mar
32%
1,200
32
Feb
Feb
common
*
11%
12
1,300
11%
Feb
14
Jan
17%
18
1,400
15%
Feb
18%
Jan
6% Mar
8%
Jan
Nat
Standard
Oil of Ind capital
common
see
26
650
200
2
Stockyards capital
For footnotes
6%
page 44.
...
9%
8%
10%
*
common
Dredging
31%
31%
31%
20
2%
274
600
20
25
40
'
39%
46%
Jan
40%
Feb
11% Mar
Feb
.10
62%
Feb
58
111
6% Jan
13% Mar
44%
397
40
48%
28
48%
71%
Jan
Feb
8
Jan
Jan
IS,;
••
Jan
•50
:;v;.
Jan
45
;
Jan
Exchange
Sales
Range
for Week
of Prices
Shares
Range Since January 1
■
Low
3%
Low
High
3%
•
3%
220
High
3% Mar
75
,
2% Mar
■3%
Jan
s
20
1,230
al48%al49%
1
al0% al0%
25
25
*
a41% a41%
55
103
a29% a30%
-1
-•
14%
100
Graphite
79%
40
1,100
700
Jan
774 Mar
30
Jan
2% Mar
37%
14%
165
78%
50
1,454
r.
~
14%
79%
16%
;
Jan
20
Mar
153%
147% Mar
8%
3%
Jan
Feb
Feb
10%
Jan
39'/a Mar
45 %
Jan
28% Mar
32
Jan
14
Feb
16% Mar
12%
Feb
15'A
Ja'ji
:
81
Jan
106
75 % Mar
147
i
a37% a38 %
•
com—
Feb
27
Gas.(Un)
Electric
Motors
3%
43
Mar
Jan
Jan
Goodrich
s'V
common
common
,
29%
34%
Feb
105 %
Jan
V 38% Mar
3
29%
260
-
L
(B F) common...
Goodyear Tire & .Rubber
Drug Stores
Greif Bros Cooperage class A
*
•
;
Feb
31
Jan
51
43% Mar
Jan
52
47%
Feb
55%
Jan
31
78
Feb
:
85
Jan
21%
21%
75
20%
Feb
:
22% Mar
Feb
a48% a48%
50
43
18
31% Mar
35%
Jan
a53% a54%
10
'
109%
-26% Mar'
54
80
218
50% Mar
58 %
-Jjan
:*
(Un)
109%
80
25
(Un)
a
a54% a54%
_1
(Un)
109%
a46% a46%
*
:
& Rubber
Tire
Firestone
General
a
.15
4
—.
Rubber
Faultness
Jan
10% Mar
33
..._*
(Un)—__1
,—w
Bronze
Natural
Manufacturing
«■
25
16%., 16%
common—...1
Iron
preferred
General
Inc
Feb
Jan
12% Mar
Strap
Sinclair Oil Corp
Louis
Jan
16%
130
19%
RR
Electric Controller
Spiegel
Jan
65
19%
Mar
7%
a3%
>
Electric Illumin.
Jan
27%
400
34%
10%
Standard
Mar
62
13%
100
(Un)
$4.50 preferred
15
200
14
26
St
Jan
Jan
16% Mar
13
65%
a3%
*
Cliffs
31%
29%
25%
22% Mar
24
58
Jan
30
34%
5
20
5
Controller
9
Feb
650
capital
366
11%
Week's
Par
Body
Mfg—
Chesapeake &
Jan
100
Works
43%
—1
(Un)—.—
Tel & Tel
Electric
6%
29%
Lathe
75
490
48%
Sale Price
■
16%
10%
Bend
105% Mar
Feb
Mar
28%
South
5
62
16%
13
Last
1,000
13%
6%
Jan
8% Mar
51% Mar
19%
44
Thursday
3,300
29
17%
26
Cleveland Stock
18%
7%
18
1
12
22% Mar
7%
'V'"
Akron Brass Mfg——50c
•
Jan
*
23%
10%
common.,
81
105% Mar
13%
•
44%
Printing;
23
974 Mar
*
Clothes
V
Feb
•;
1
Society Brand
Jan
15% Mar
26%
common
Signode Steel
G
64%
—_
Preferred
Mar
70
Corp
Prod
1
255
11%
65%
—<*
15
Corp class B common
Shellmar
Jan
8%
Mar
8
22%
42%
42%
—
B
13% Mar
—
Jan
96
11% Mar
20%
16%
•
500
1
Jan
Feb
9
13%
•
Jan-
26
■■■■'•.
73% Mar
30
13
i
1
_
13%
capital
Co
50
8
62
62
'
Jan
30
11%
53
—
_
10
Capital.
&
_
7% Mar
•'
common....
Cummins
Roebuck
—
_
1,700
i.-
227
53
*
—
8%
—/.ry.y 9%
Jan
7% Mar
21%
*
7%
1
Feb
93
75%
—
—
Jan
10
—_
23
105
254
20%
100
...
_
—
Magnavox
Cleveland
Sangamo Elec Co
preferred
part
% Mar
'
348
8
105% 105%
•
9
8
Mar
Vy;
—
13
18%
9%
11%
22%
*
,
Feb
5
8% Mar
53
8
10
.»
7%
50
Jan
73%
73%
*
City
Peabody Coal Co class B
21%
'
80
7%
100
.
_
-i
100
8%
Feb
19%
8% '.v. 8%
8%
—
1,800
1
18
19%
19%
t,
_
Apex
common
22
25%
9%
100
Feb
20
95%
11%
•
common
.....
20
108
20
...
Kahn
Jan
Utilities—
preferred
4
24%
8%
2
3 % Mar
9%
•
150
9%
22% Mar
*
104
95
20
Co
Pressure Cooker
National
Oak
Ward
Jan
3 %
8
class A
Hobart
6% Mar
100
23%
Jan
29 % Mar
95
Drug
Hatfield
Jan
Feb
500
*
13
32%
15
25%
Gibson Art
87% Mar
4
15%*
10
High
Feb
12
31%
3%
3%
50
.
Low
11
100
_
10
prior preferred.
Modine
Mfg common.
Range Since January 1
High
11
0
Yd
Preferred
Jan
86% Mar
100
24
8%
Jan
31%
,
8.50
—
„
Telephone
Formica
-
600
15%
vtc
16%
23% Mar
23%
.1
Shares
2
common_
Stock
Un
Dow
Jan
500
5
Products
2% Mar
.
Jan
Mar
*
common
$1
7%
.
West Corp cap ex-distribution—
Middle
North
66
17%
61
Jan
for Week
of Prices
Low
#
Street
Cincinnati
Jan
28
16%
9
—1
Lincoln
Feb
Sales
Week's
<t
Preferred
P
Leath
Libby
Jan
14%
»
Cincinnati
Kroger
Katz Drug
Jan
11%
14%
_.l
-
Churngold
Jan
9%
21%
Feb
16% Mar
22
550
_
Champion Paper & Fibre..
Jan
43
Feb
200
16% Mar
500
2%
a
Eagle-Picher
Illinois Brick
Jan.
14%
1,400
20
__
Brewing
Burger
32% Mar
11%
20% Mar
78%
Feb
2,200
Sale Price
Laundry Mach.
Balcrank
Jan
52
70
Feb
0
Industries
Cincinnati
Hammond
69%
.
Aluminum
32%
500
11
Last
Jan
32%
Jan
2%
Thursday
Jan
Feb
17%
2%
STOCKS—
7%
7%
Feb
Cincinnati Stock Exchange
19%
50 % Mar
14%
18%
10%
10%
1
commcfn
Jan
35
Feb
18
Jan
1,500
9 %
__
—.
Co
6% Mar
20
6%
•
common
Goodyear Tire & Rubber
18%
1
8% Mar
26%
«
Corp
Wilson
17%
1
common
Corp
Jan
5
10% Mar
Feb
Feb
500
i
1
Par
General
7%
23
11%
—„_„.25
Jan
Feb
16%
Feb
8
400
Jan
30% Mar
Feb
Jan
500
7%
16%
23%
x25 %
2,100
8%
26%
Mar
21% Mar
Mar
38
28%
Feb
150
8%
25%
8%
26%
Spring——
10%
9%
*
10
15% Mar
1,000
2,200
.i-.*
Jan
Feb
18% Mar
JaD
x34%
82
17%
30%
15
N J
Corp
Oil
Sunray
_
115% Mar
20
33
16%
29%
1
Vv-V
Domestic Credit Corp
Four-Wheel
Steel
Studebaker
Feb
6% Mar
Co—
Cumulative
16%
5
8%
800
Feb
Mar
United
preferred
Commonwealth
Oil of
Standard
4%
300
21%
21
30
*
common
10
9%
-i'S'r
2l%
33 %
common
America
__
1
com
Socony Vacuum Oil Co Inc
Chicago Towel Co—
Chrysler Corp
new
_;i
(The)
Standard
Chicago Corp
2%
Inc
Republic Steel Corp common
.
12% Jan
preferred
21
Airways Corp
4%
10% Mar
21
20%
*
Radio-Keith-Orpheum
Jan
5
common
IkC;
*V'V
Pepsi-Cola Co
Pure
Mar
Feb
Amer
Paramount
Jan
Jan
1 %
*
52% Jan
Mar
4
31
50
300
Feb
Mar
'■
Packard Motor Car
Feb
10%
11
1
common.
10%
52
50
10
Corp
Util
w
52%
1
common
common
Carr-Consolidated Biscuit
Castle
10
10
5
5
common
Ring
Bros
10
,f.$; yV:
-
50
Jan
,
*
a51% a51%
•
a41%.a41%
15
Gray
*
15
13%
13%
3
.
47% Mar
90
38% Mar
75
14
376
13%
Mar
Feb
57%
Jan
44%
Jari
17
Jan
14%
Feb
Volume
THE COMMERCIAL
Number 4685
167
&
OTHER STOCK
RANGE
Week's
Thursday
Last
STOCKS—
Par
Halle
Bros
pfd_
Industrial
&
Kelley
—
_
__
(Un;
Rayon
;.u50
_
—
32%
25
Trans
39
49%
Jan
a33%
50
12%
100
12
Feb
11%
11%
loo
10
Feb
21
21
100
14%
Jan
12%
282
2914 Mar
Colorado
r
34%
Fuel
Iron
Sessions
&
Martin
(G
Nauunai. file
N
Y
Ohio
Brass
Ohio
Oil
Packer
RR
1
_
Jan
Consolidated
Steel
if
Corp
33
__
_
a9% alO
Emsco
Derrick
Exeter
Oil
Feb
15%
Jan
39
Mar
Feb
33
Jan
32
Jan
16%
-
Feb
110
Jaii
Garrett
20
-
Jan
General
7%
Feb
Twin
U
Coach
Steei
o
Van
189
22%
Feb
27
Jan
43
435
41
Feb
46%
a26% a2714
282
24%
Feb
31%
Jan
45
39%
Feb
*
Refining
Sheet
Youngstown
—
a72
&
Tube
V
205
a73
9% Mar.,-
86
—
Radio
&
claRs
Corp_
1
Jan
78%
Corp
Foods
Inc
Intercoast
Petroleum
400
7
10%
Jan
2%
150
2%
Feb
2%
Feb
Kaiser-Frazer
85
65%
Feb
79%
Jan
Lane-Wells
Oil
Jade
Chicago Stock Exchange
York
—
Petroleum
Co
29c
-
^ '■ "
Brown-McLaren
Burroughs
Adding
Consolidated
Paper
Detroit.
Steel
Federal
Stove
Ale
Fruehauf
1%
Feb
13%
420
123/4
Feb
21%
21%
177
21%
Feb
7%
1,070
4%
4%
20%
20%
5
2%
...5
-
..
—
-1
..
750
lO'/a
19%
common
Industries
__
3%
6%
5
common
i
Western
Oil
Brewing
Graham-Paige
Hoskins
Manufacturing
Hudson
Motor
Lock
100
16
Feb
2%
183/4
Feb
Feb
4%
Jan
1%
Jan
23%
Jan
100
90c
Feb
18
Feb
5%
1,800
Feb
Jan
54%
548
52%
7%
3,745
6%
Feb
5%
780
-:
Mar
4%
4%
972
3%
Feb
14
157
14
Feb
15
16%
17%
593
16
Feb
21
Jan
Mfg
5
Products
1
Masco
Wines
Screw
Products
common
1
—
National
Stamping
Packara
Motor
11%
1,300
6%
Feb
2.10
2.15
3,850
1.95
Feb
2.85
Jan
al214
15%
a 1214
5
12%
Feb
13%
Jan
518
15% Mar
19
30%
31%
1,804
30% Mar
36
A
U
24,629
30%-
30%
179
30%
3314
33%
405
33
a48% a49%
220
47 % Mar
.
..v..
River
Metal
common
2
_
3%
540
3%
57%
Jan
8%
Jan
53/4
Jan
53/4
•
Mar
10%
1,065
8%
Feb
Superior
Products
.
__
Pacific
com
Company
Oil
of
S
class
__
_
_
_
common
Steel
Mar
35c
Jan
35c
8,100
32c
Feb
55c
Mar
18
17%
18
1,590
15%
Feb
18%
Jan
13%
1414
500
25
-
•
1
26
27
1,718
26%
24%
26% Mar
28%
Jan
24%
979
22%
Jan
25%
Feb
32%
33
327
32%
Feb
3414
Jan
4914
50%
1,129
44%
60%
60%
60%
10%
10%
1,533
1,372
55
10%
13%
1314
130
—
1
common
common
125
21%
19%
100
4%
Jan
Jan
15
Calumet
Gold
Mines
Co
Gold Mining
;'
Unlisted
170
13%
American
19 3/4 Mar
Feb
Amer
17
_
Co
—
600
2%
Feb
2%
Jan
American
Viscose
920
4%
Feb
47a
Jan
Anaconda
Copper Mining Co
28%
685
Mar
333/4
Jan
Armour
5%
900
47a
3%
200
3% Mdr
7%
600
6% Mar
9
100
8%
28
Co
&
6%
Jan
Atchison
4
Jan
Avco
87a
Feb
.14 m
3
400
2%
Jan
Feb
12
1,053
10
16%
25%
2,962
21%
,
a72%
275
67% Mar
77%
Jan
44%
43
44%
675
39
45
Jan
—
12%
12%
200
12% Mar
12% Mar
12c
Feb
17c
70c
Feb
1
25c
a72 a72%
12c
12c
1,500
1.30
1.20
6c
6c
1.30
6c
2,000
a3l4
a314
—
,
~
—
__
14
Corp
—
—
900
Feb
Jan
1.45 Mar
4%c Feb
a36% a3714
30
3
70
a„
10
330
13% 13%
29% 29%
a53% a55%
462
10
7%
Jan
6c
3
Mar
410
48
—
Mar
10
14%
Jan
29% Mar
27% Mar
123
Mar
a—
—
Jan
12% Mar
14914 0,148% al49%
a53% a55%
837
23
a__
34%
35
al2% al2%
648
32
—
50
—
5
12%
Ry—100
25
100
(111)
Topeka
Santa
&
Fe
Refining Co
Mfg Corp......
Baldwin
Locomotive
Jan
Baltimore
&
Barnsdall
Oil
Bendix Aviation Corp
Bethlehem Steel Corp
3%
1,050
2% Mar
3%
Jan
100
173/4 Mar
193/a
Jan
56
Mar
152%
148% Mar
30
a—
—
Feb
828
91
5
a—
—
Mar
35
1414
11% Mar
Jan
Jan
200
6%
Jan
11
11%
685
RR
96%
100
a33% a33%
5%
100
Mar
a—
Jan
125
11
11%
—5
Co
14%
—
11%
75
31
34%
~
5,850
a35% a35%
1,350
31
33
—
'' '—
4%
800
14%
14%
100
Co
.13
5%
Feb
5%
12'/a
Feb
1514
10%
35%
Feb
27%
405
Jan
11% Mar
Feb
33
Jan
Jan
Feb
31
Mar
30% Mar
35
Jan
23%
28% Mar
Jan
6V4
Ohio
—
,—3
Works—
3% Mar
Feb
18%
6%
6ya
275
2%
2%
1,115
2
2
5%
900
6%
/•'
...
^
1%
6%
Feb
5
Feb
Range
,
—
—
Budd Co
—
2814 28%
a39% a3914
a51%a52!4
500
914
210
9%
—
Feb
55
39 % Mar
41
Jan
95
47
Jan
52
Jan
Feb
1014 Jan
8%
2% Mar
j
2%
Jan
Canadian
Pacific Railway Co
Service
Commonwealth
Edison
Commonwealth
Exchange
Week's
--
5
15
5
Borg-Warner Corp
Jan
—
*
.
Boeing Airplane Company
Borden Company (The)*
17%
Feb
2
Jan
12
Jan-
Feb
13
t:
Feb
Feb
10
200
15%
15
of Prices
Low
6%
a207a
33%
1
&
Cons
for Week
Edison
Aircraft
Vultee
Company
Southern
Consolidated
Sales
Shares
Range Since January 1
Low
High
57a
6%
a20% 9,20%
13%
a
13%
*
18%
6%
137a
al83/a al814
3,655
43/4
High
Jan
100
21%
Feb
3,655
103/4
Feb
—
-
177a
Feb
67a
1,735
6%
Feb
8%
3.345
77a
Feb
1174
11%
■»
80
6%
8%
..
83/a
_
Co
(N
Corp
Y)
Corp—
.25
—
*
10
.*
11%
25
—
*
*
1
Continental Motors Corp
—
--
2%
1014 1014
a58% a5814
37% 3814
lx% 11%
a27% a27%
2%
2%
Mar
1214
Jan
53% Mar
58%
Jan
368
33
38% Mar
450
10%
150
25
:
Mar
11%
Feb
2814
2514 Mar
Jan
Jan
-
—
a21%
a22
15%
16%
a7%
297
29
a8%
6%
a814
6%
Jan
Jan
13%
50
53
29
2%
22%
2%
375
a7%
53
Feb
21% Mar
3,000
—*
4
10
25
144
1
Continental Oil Co
5
67a
-
24
Jan
Jan
137a Mar
Crown
Zellerbach
Curtis
1134
1,692
263/4
26 3/4
100
10% Mar
26
Feb
20
7%
Mar
Publishing
Corp.
Chrysler Corp
——
—
44.
2.50
Corp
—
—
614
1
—
Electric
A
Bond
5
—
Co
•
—
Corp
&
*
*
*
Share
Co
16% Mar
Jan
General
133/4
Jan
15
Jan
General
263/4 Mar
General
Electric
Foods
Public
(B F)
Utilities Corp
Co
15%
100
13%
Feb
163/4
Jan
593/4
497
54 %
Feb
633/4
Jan
Greyhound Corporation
20% Mar'
31%
9Vt
6% Mar
50
Jan
53
Mar
3014
Mar
Jan
"
100
50
1,930
130
27% Mar
7%
Feb
4%
Feb
7% Mar
6% Mar
Feb
23% Mar
20
a22% a2314
10%
11
1,138
35
571
a36% a3614
12 1214
a52% a53%
34%
Feb
110
11%
Feb
60
51%
Feb
9%
11
Feb
Mar
Jan
15%
100
.
—
*
1
59%
21%
5
—
Co. (The)
Graham-Paige Motors Corp
Great Northern Ry Co pfd—
21%
■
(Del)
Curtiss-Wright Corp common
Goodrich
Investment Corp
Jan
25%
Jan
Feb
6
/:
Corp
Rroadwav Dept Store
page
26%
25%
—100
-
2%
3
10
Corp
see
Jan
Feb
25
10
*
Mill
Rolling
Smelting & Refining
4%
18%
1
.—
Oil
footnotes
13%
6,575
1
—
Co
—J
2%
7%
Sale Price
Company-
Products
Jan
Feb
Jan
-
__
16
•
Home Appliances
Co
Jan
13 % Mar
10%
*
—
Mfg
Airlines
5%
-
Jan
11%
Stocks—
Allis-Chalmers
4%
2%
6214
11%
10c
Co
Mng Co
Zenda
263/4 Mar
19% Mar
14%
3
&£
50% Mar
Feb
Jan
1014
Jan
1
_
Jan
Feb
•
9%
11%
26%
19%
11%
29%
Mar
50%
26%
'
25
772
—*
—
r
14 % Mar
Feb
26%
—
26%
24%
American Radiator & Stand San Corp.*
7%
8%
-•
Co
3%
•
Certain-teed
12c
14%
Jan
5%
r.
Corp common
Jackson
34c
300
*
OH
28%
1
_
Co
Blue Diamond
For
Jan
17c
12c
al2c
al2c
1%
O
Petroleum
Central
33 Ye
Mar
Jan
Mar
10
Corp
Kamp's H D Bakers
.Class
Byron
Feb
2
Par T.%
Chlca
28%
Feb
Last
Bendix
50
1%
1
common
STOCKS—
Bolsa
Jan
a31% a31%
—
5,665
—5
common
• -
Bro£
51
1%
Thursday
Gil
46
1%
_1
common
Axle
Aircraft
Barker
34
--
Los Angeles Stock
Basin
46%
1
1
common.;
Screw Products
Bandini
Jan
46%
2
Company
Columbia Gas & Electric Corp..
r
Jan
37%
50c
Caterpillar Tractor Co
fr<
17%
Feb
7
Feb /
17% Mar
•
—
Cons ChOllar G & S
Cities
Vf
Feb
32%
American
,9
Investment
Wayne
Jan
15%
653
Jan
14
B
& Die
Radiator
Warner
2014
375
34%
Feb *
_
Brewing common
Udyllte Corporation
Union
340
15%
1%
•
17%
18%
500
2%
Jan
4%
34%
1%
4%
15%
18%
25
Corporation
States
453
1,000
1514
25
—
Universal Consolidated
de
Jan
—
25
Calif
Union Oil of California
Van
Jan
1
Co
Textron Inc
United
Feb
7%
1.10
5%
1
;
Standard
26%
Feb
34%
8
1%
5
common
Tivoli
U
Jan
Feb
85c
22%
6%
Jan
.2
..
..
Tool
1,680
•
Sunray Oil Corp
Jan
:
:
•
Paper
Timken-Detroit
25%
1714
2%
14%
__
common
Tube
5214 Mar
4214 Mar
614
2% Mar
Manufacturing
Standard
Feb
Feb
*
'
Raisin
49
39
1714
1
preferred A..
Southern
Jan
190
150
—
15
preferred
preferred
cumulative
Jan
53
1,578
Corp.:......,__25o
convertible
35%
1,600
__30
of Calif
3014 Mar
Feb
Mar
25
17%
•
Co
Jan
Jan
Mar
% Mar
6%
720
*
W)
16
1.00
2%
.
11% Mar
6
2%
Ll'
Jan
95c
Jan
-
8%
5214
—
Jan
■.
Feb
614 Mar
■
1.30
42%
25
13/4
;■■
314 Mar
Jan
Feb
52%
614
4%
1%
1%
95c
42%
„
42%
1% Mar
10
Car
Scotten-Dillon
Sheller
—
1
Co
Atlantic
(H
—
3% Mar
-
Jan
Jan
1014
1014
2.15
200
'
1.25
100
300
u
1.40
20% Mar
Jan
Jan
6%
1%
••
1.10 Mar
14%
90c
•
23% Mar
6%
3%
w
20% Jan
■;
—
3%
5
_
Davis
Peninsular
250
Jan
2,780
1
American Tel Ss Tel Co..
Rickel
2314
1.25
4,350
1%
«
common
Corporation
Parke,
22%
8%
2%
2%
I-:'-'.':•
_
_
Jan
800
1.15
3%
2
..
Feb
15
'
Oil
Motor Wheel common
Murray
..
Products.
McClanahan
Motor
common
34c
Feb
1,940
2%
•
Co
Alleghany Corp
LaSalle
Jan
3,910
29c
10%
1.05
1%
Drug
Feb
22c
1.05
29c
Mining Stocks-
3%
—W,'.'
r -r
1
common
Feb
9%
•
97 %c
1.05
K
—
common
Jan
17%
•
Jan
Feb
1.05
Company
Finance
Transamerlca
4%
-
17%
900
1
;
Corp
Petroleum
6%
93/4 Mar
3
7%
u
common
Oil
4.48%
Jan
9%
53'/a
__
15%
650
1
Co common
Co
Trading
Jan
1
_
Jan
50
2,012
*
Inc
Oil
Aeronautical
4.32%
1
—
_
Car
&
Kaiser-Frazer
Kingston
_
21
1.15
2.50
Petroleum
Drug
Ranch
Feb
14
___
common
1414 Jan
2.60 Feb
15% Mar
1.00
10
Corp
Southern Calif Edison Co Ltd
Jan
Mar
2y8
1,800
6%
11% Mar
1.55 Jan
470
20%
*
common
Oil Corp
Solar Aircraft Company—
2% Mar
12%
24
-
250
19%
6%
200
—
Lighting Corp
8ignal
4%
Goebel
Jan
1.10
25
:
Sinclair
Jan
10
.
Jan
43%
100
——
preferred—-
Sierra
Mar
CO*
'
Motors
27%
Mar
19%
I
Shell Union Oil Corp
Jan
100
-
1.00
19%
1
_
9%
95c
•
1
_
_
17%
3%
400
Feb
to h-'
Feb
2%
Jan
8%
Feb
200
9%
*
■' *
f-;
Feb
39
3,400
--
—1
*
-
Elec
&
w
1st
Security
Jan
23
2 3/8 Mar
400
11%
20%
17%
—
;.•;»£
24
90
1
*
Sears Roebuck & Co
Feb
13/4
Feb
11
1
399
c
17
—
Seaboard
Feb
14%
v,
Mar
4
20%
6,782
2%
2%
10
6% Mar
2,350
21%
Jan
20%
rr'^:-,'U.—
0
Gerity-Michigan Corp
Klnsel
950
13%
-
2%
Brewing
Trailer
General
Hurd
1%
10
..
common..
Wood
1%
1
.
Jan
13% Mar
57% Mar
1
-
Safeway Stores Inc
High
9% Mar
1
-
Truck
Motor
Friars
2%
170
5
Mogul common
Federal
Low
250
common
Frankenmuth
High
9 3 '4
20
..
Products
Electromaster
Low
.*..10
Navigation
Iron
Detroit-Michigan
Detroit
__
Jan
Mar
al7% al7%
—
Ryan
7%
common.
9%
8% Mar
2.30
———,18
Richfield
2%
13%
27
Range Since January 1
1
common
Gray
'. :
common...
Detroit & Cleveland
Detroit Edison
Sales
Shares
9%
Machine.—
51
1.15
10
Rice
2%
..
..
10
737
19%
25
Rexall
1
common
100
1,900
—.1
Petroleum Co
Gas
Republic
Exchange
of Prices
.
Continental Motors
Gar
■'
814
Jan
1214
—
1
.
Rights
Last
Sale Price
....
Jan
7%
2.25
—
6%
Week's
Thursday
v;'r
5% Mar
13%
9%
*
DETROIT
Detroit Stock
'
li.% Jan
95C
1614
1.05
Clay Products 1
■
Pacific Finance Corp common
Pacific
Rubber
Feb
Feb
5414
10c
:
Corp
——
Puget Sound Pulp & Timber Co
Electric
11
60c
1,260
67b
1
Co
Aircraft
Oil
Pacific
Allen
Mar
12%
—
1
Co
Common
Baldwin
25
Mar
14% Jan
Mar
Curb Associate
Telephone: Randolph 5530
'■
13
61
Jan
21%
346
35
a41!4 a41%
—
Pacific
Building
P
'
26%
-
—
10
Corp
Pacific
Stock Exchange
'
:
13
2.20
10c
1
Corp
Company
National City Lines Inc
Northrop Aircraft Inc
Oceanic Oil Co
Detroit
-
Feb
50%
192
-
5,300
8%
a41!4
6.66%
common
...
■
Jan
12%
13%
—♦
Motor Car Co
9%
New
'
12 7e
Jan
I-
Members
'
Jan
914 Mar
G%
1
—
2
Hunt
14%
Mar/f/
New York Stock Exchange
"
Jan
32%
65c67%c
10
*
watling, Lerchen & CO.
'
17%
29% Feb
5314
1
A
(The)__
common
Com
Menasco Manufacturing Co
■
Jan
Feb
400
15
13%
12%
'
—
8
1
Mar
67%
Hotels
Merchants
Par
1414
16
300
! ,' •
25
13
67%c
Holly Development Co
Mascot
;
High
12% Mar
150
a63
25
-
—
5
Hudson
Lockheed
STOCKS—
a62%
-ff*
51% Mar
■:
Lincoln
Ford
10%
—
•
1
McBean & Co
a72% a73%
:
32%
10%
Goodyear Tire & Rubber Co common—*
2%
2
if
32%
4
A
class
Stores
8%
—
Chem.
&
al0% al2
♦
4>
Works
Iron
1
—
-iUn>
al4% al4%
Jan
a49% a51%
10
_
(Un)
common
Dorn
Warren
common
common
32'A
10%
Low
20
17'A
•
—.
Equipment Co
Corporation
Motors
Gladding,
10% Mar
25%
—
if
Products
Thompson
&
Tele
Fltzsimmons
34
-
.
Farnsworth
Hilton
Oil of Ohio
Standard
17%
50c
Corp
Ltd
Co
Inc.*
Inc
Products
Jan
Feb
42%
if
--
Electrical
Jan
4
%
25%
__
—
—
Industries
Dresser
Jan
21% Mar
26%
83
85
if
(Un)
12%
--
.-'v •
33
30
v
33%
$
America (Un)__
of
Steel
Richman Bros
17'A
13% Jan
12%
25
al8'/a al8%
—50
2
al4%
1
Range Since January 1
High
*
com
Corp
of America, Inc
Creameries
Jan
Low
'
38%
a32% a32%
__
_
...
'dni
T?p
151
38%
*
(Unj
670
'
-
.
3%
al4%
al4
if
Corp
Radio
3%
if
(Un)„
class B
pr.i»mrii ima
Republic
1
.....
_
Mia
6i
Central
10
-
_
(Un)
L)
Shares
•
Corp
Douglas Aircraft Company
Lamson
for Week
20
&
Preferred
32% Mar
i
,
'
Par
Jan
48
Feb
31%
32%
'
--
•
Sales
Range
Sale Price
High
40% Mar,
60
a33
_ff
Laughlin Steel (Un)
Island Lime &
43
Week's
of Prices
Last
'
v
STOCKS—
Range Since January 1 ""
32
-
MARCH 25
Thursday
Low
37
EXCHANGES
ENDED
.
High
a45 % a45%
1
(1393)
</
Shares
43
——
.
FOR WEEK
for Week
Low
Qt.pptnchi'-
[nfpriHirp
Jones
_
Sales
Range
of Prices
Sale Price
CHRONICLE
FINANCIAL
Jan
—
—
—
1
*
4%
3
all%
-—
3414
4%
4%
a4?/f a??,.
all
/a
all A
47
32
Mar
975
37% Mar
34%
100
10
Feb
Feb
12%
Jan
51%
.
Feb
5%
3% Mar
25
35% Jan
,
Jan
38 ;
Feb
10%
Jan
58
(1394)
'
THE COMMERCIAL
&
FINANCIAL
OTHER STOCK
Thursday
Week's
;j
V
.-
.
.
Nickel
Tel
Kennecott
j "
•*
'
\
"
'
for Week
Shares
Llbby,
Loew's Inc
McNeil
McKesson
&
Robbins
Nash-Kelvmator
Distillers
Nat
V.
Inc.——j— -18
f
American
Pacific
Northern
V
Ohio
Oil
Motor
American
Paramount
.?
Dodge
Feb
14
.
13%
Jan
4%
Mar
50
48%
-
53
Mar
15 Va Mar/
17%
20
Jan
Feb
12% Mar
,830
.
.
—25
Feb
12% Mar
153/4
Jan
16%
1,855
17%
Feb
226
26%
Feb
31% Mar
45'a
643
4 V8
Feb
200
8%
Feb
21%
400
18%
Feb
18
_•
a46%.;
Burkart
48
Columbia
Brew
V.*-
'
Jan
Jan
5
common
5
General
Motors
General
Shoe
Brew
Hydraulic
common.
Brick
P
Pure
Oil
Company
Radio Corp
•
-
21% Mar
19%
109
Jan
22
41% Mar
Jan
Mar
48
ft—
•
*
25%
V
■
Schenley
Distillers'
—
Seaboard
Oil
Del—
Bocony-Vacuum Oil Co
!
Southern
of
•! '
25%
Feb
3,230
8
Feb
257 a
890
30%
a
a
26
30
a._
16 Va
*
;
1,022
383'4
Jan
30
10% Mar
Feb
26%
Jan
Laclede
40
r
40
Feb
Feb:
27
a
,
15
Feb
16%
35%
Feb
Standard Oil Co
(N J)
Stone
Inc
25
-
74%
a
25%
Feb /
27%
200
& Webster
«•
——
Studebaker Corp
Swift & Co
<
*
—
1
a
■
18%
832%
—25,
17%
18%
55
27%
50
43
447 a
Texas
j"-
Texas
>
Tide
-
Company
Gulf
Mar
40
130
4478
—A
2%
7IV4
Feb
78
McQuay-Norris
Midwest
—
Associated
Oil
Co
17
Feb
20%
Union
Carblae
!
Union
Pacific Railroad
V
United
Carbon
&
Corp—
Co__
1
1
1
1
>-* 0 0
U S Rubber
North American
1—25
St
Louis Public
Service class
Sears-Roebuck
Wagner
&
A_
.
cV
>:•'/ i
•.
30% Mar
36%
Electric
Jan
53%
55%
Jan
a
165 Va
Co
(F
23%
18%
40
16
2%
400
42
520
38 %
Feb
42
Mar
12%
250
10%
Feb
13
Jan
21
150
21
293/4
a
Jan.-
—60
_
Feb
2%
18
Feb
187'a
28%
1,035
25%
8 Va
60
7Va
Feb
290
Mar
2%
Feb
a
a44% a45 V8
—
Alreon
Last
STOCKS—
Atlas
Imp
Bandini
Basin
American
Stores
American
Tel
&
Tel
9
44% Mar
Securities
Mar
partic
Jan
Par
Shares
20
Engine
Petroleum
30
13% Mar
:
383
16% Mar
14% Mar
',
5%
600
'
5
14
432
13
4B
High
~
23 Va
216
22V8Mar
25%
2,309
147% Mar
153%
2bo
Calamba
*
Curtis
9%
59%
•
8 Va
Publishing Co
General
Glmbel
Motors
13%
9%
in CO
^co
8%
16
*
Corp
-i.
10
12 >/2
432
60
883
8%
Feb
15
Jan
16%
11
Mills
Central
of Prices
Shares
Range Since January 1:
High
-.V
29 %
707
7
7 Va
1,000
6
13%
*
'U6%
—
6'/a
13%
%
29
55%
20
54%
2,988
53%
53
5
20 V8
20
10
1038
Lehigh Valley RR
50
63%
9%
Jan
%
15% Mar
493,a
;/I
17%
Jan
Feb
56%
Power &
9
Pennsylvania
RR
—
$1
preference
Feb
7%
Jan
25%
Jan
27%
Jan
*
♦
common.
Mining Co
1
Corp
2.50
Chemical
Fuel
Co
59
3 Vb
Iron
&
com—.:——
20
.—
Broadcast Syst cl
59
20 %
20%
14%
0
14%t
al7%
a
17%
A____—2%
a25% a25%
2%
a247/a a247'a
B
Edison
a27% a27%
Chemical
Ind
Consolidated
Consolidated
Vultee
class
Coppermines
Air
A
3914
39%
—.
Corp.'-—
Creameries
of
Amer
First
Inc
Nat'l
Zellerbach
common-
Bank
Corp
—
9% Mar
346
_
common.—.
2nd
91%
Di
Giorgio
Fruit
Corp cl
Dow
Salt
Dome
Scott
common
El
Dorado Oil
Works
Jan
18
19%
Jan
Emporium CaDwell Co
common.
30 %
311/4
10%
Jan
Emsco
Co
12 %
12%
6%
7%
5%
50
4% Mar
6
Jan
6'/a
3,039
5% Mar
6%
Jan
18%
18%
18%
1,831
18
18 Va
17%
18%
3,779
16 3/8
22%
21%
22%
4,259
24 Va
24%
25
lt'%
19%
'Jan
19%
Jan
Feb
20%
Jan
21 Va Mar
23%
Jan
216
21%
25
150
18% Mar
Feb.
Mar
19 % Mar
Derrick
Farnsworth
Equip
Television
General
Paint Corp com
Gladding McBean & Co
Golden State Co Ltd
4%
Corp
Bros
Stores
Honolulu
Oil
Honolulu
Class
10
L-
B
2o
Libby
Thursday
Last
.
/
v
'
•
STOCKS—
Alleghany Ludlum
Sale Price
Par
:
Steel
Co
'
i
V
•
—_
&
Electric
28%
Lone
__________
Refractories
Ohio
;
Oil &
10
_
Fuel Supply
Fireproofing Corp..:
1
•
:
Mackintosh-Hemphill
Mountain
Macy &
Screw
Bolt
5
Corp
t.
For footnotes
Morrison
Shares
55%
1,023
3%
3%
270
16%
13%
15.%
National
Low
30
170
:
24 Va
25
50
13
Feb
Mar
High
30%
Jan
15 V8
Jan
H7'8
467
10 %
Feb
12
116
25
Jan
26 % Mar
8%
235
see
page
44.
19%
1
24%
19%
&
v
6V«
12%
13%
4
414
95c
2%
ioc
•
37Va
12.50
29%
g5c
2V2
30
II
A
Inc
,
1,9%
9%
<1
a26
Libby.
(R
H)
common
CO
Co
1
common
Knudsen
Auto
10
—
Fibres
common—.
National
City Lines
Company
Pork Mining Co
22
Feb
18 3/a
50
16
Mar
1,755
9
9%
19%
20 3/4
3
400
:a
a31% a31%
a25 Va a25s/8
2.70
II/;
-
2.90
16%
7
7
,
New
North
American
~
25;
2% "-
50
1,811.
American
Occidental
i1
300
400
35%
35%
120
8%
8%
25
12c
37%
Filters
28% .29%
460
237
1.65
—
—100
com
Cons
14%
210
11%
6
16% Mar
—
10%
V
Mar
class
11%
Feb
9%
Feb
%
Mar
400
32%
Feb
40%
43c
500
39c
Feb
45c
113/4
—
37 Va
40c
—
12
10 y2
Feb
13
12%
Feb
4%
Feb
/
1,260
Jan
1.70 Jan
11
37
—
<1
B
1.55
22
Jan>
Jan
9
10 3/4 Mar
300
11
Feb1
Jan
3 Va Mar
Feb
Feb
35%) Jan(
30 "•
Jan
>83/4
370
1.65
11
10
—1
American
Pacific
Coast
Fisheries
5
Aggregates.—;
New
common
Rights
6%
w
w
1st
5%
1,155
32%
10,554
—25
^
31 Va
30%
32
1,235
33%
i
iS
preferred
Pacific Lighting
$5 preferred
Tel
&
Tel
—25
Corp
Western
•
eommon.
48%
Jan
Jan
Mar
—
1st
<>
pfd_*___
common—.
.—100
—
—100
Oil
Corp.
—10
30% Mar7
% Mai-
Jan
15
"/I
30 3/a Mar
Jan
6
36%
V
Jan
Mar
32
u
:>
333/4
29%
80,793
n
Mar
34
1,545
33
Mar
3572
Jan
297a
270
29
Mar
313/a
Jan
1,578
47
Mar
53%
Jan
Feb
103%
Feb
...
48 %
49
-
'
«
Preferred
Pacific
300
5%
30%
—\
Pac
12%
5%
31%
—25
i
1st preferred.
5%%
12%
5
—25
Pacific Gas & Elec Co common
Pacific Public Service
2,063
1
_
Petroleum
United
1.15
;
-
Feb
Mar
*
Investment
Oil
32% Mar
,
739
l^O
367'a
'
Oliver
80
30
-10c
•
Feb
9%
250
11
Feb
Mar
24
1,150
9 3/a
10%
..
-
3,475
9%
Feb
3
76
16
--
1
8%
20
2.60
26%
14
•
30
al0% al07a
a25%
<■
_
■!>
950
3
1
.
Natomas
50
400
al07'a
5
Feb
a26
al8%
.
Feb
8%
2,402
Feb
153/i
23%
18%
0
___
_
Machine—
Feb
a26
<■
Calculating
Mfg
1
Feb
Feb
22%
—
—7
-
Corp
10%
■
Mar
3%
975
19%
a
—
B
Pacific
6%
13%
_/ '
'
52%
Jan
26%
24 Va
719%
1
■
_
Range Since January 1
8y,
__
8%
San Toy Mining
Westlnghouse Air Brake
Westlnghouse Electric Corp—
-
for Week
High
ny2
Gas——___!—_____4—__5
&
Range
Co
Menasco
G)
Aircraft
Marchant
2G%
__
5
10
Pittsburgh Brewing ccmmon___d_____<'••
$3.50 preferred
Pittsburgh Plate Glass—
10
Pitts
54%
_1
_
com
(R
McNeill
North
Brewing
S^ar Gas—
National
1.60
—
Magnavox-
//Sales
of Prices
15i/8
>
5
,
Walker
Week's
23%
•
*
-
Duquesne Brewing
'
Low
__
Pitt
16%
..
LeTourneau
Pittsburgh Stock Exchange
Harbison
_
Corp common
Langendorf Utd Bk class A
l
13%
—
Lyons-Magnus
Fort
16
1,500
3%
•
Kaiser-Frazer
common
Improvement
Gas
175
310
2.30
55 %
1
C010
Co
17%
17%
2.10
•
Ltd
_
Plantation
Lockheed
Columbia
17 %
17%
2.15
18%
Co
1
Westmoreland Inc
Westmoreland Coal
Blaw-Knox
*
Inc
Pineapple
Development
Hunt Foods Inc
Corp
._
common
preferred
Greyhound
Holly
•
Mining
Gas
common
General
Hawaiian
•
United
Radio
a37% a38%
Motors Corp
.1
common
United
&
Machinery Corp
50
....
Bun Oil Co
Tonopah
—
common
3
Oil! Corp___
Paper
Feb
com
Co
Chemical Co
Hale
Reading Co
B
21%
5%
<
Feb
103%
preferred
583/a
5%
19%
Mar
26% Mar
Feb
5%
—15
Jan
6V«
02
Feb
•
common
Philadelphia Insulated Wire:--Corp common
Phuco
9
970
9%
'
•
common..
Jan
13% Mar
Jan
6%
50% Mar
198
50
—i-
Philadelphia Electric Co
6%
Jan
a26% a2b%
'
17%
78
H O 13" .00
*
Light
Jan
11 %
no
Jan
20%
1
Pennsylvania
Jan
7% Mar
Jan
10 Va
—
Jan
32%
Feb
50
Eureka
Consolidated
Food
Pennroad Corp
1%
Feb
5
100
"
•
High
Jan
6%
400
13%
6%
Low
2.310
all% all%
>_
;
Sales
_5
Preferred
Caterpillar Tractor Co
Jan
Feb
Mar
7
2,044
54%
—10
Brothers
Lehigh Coal & Navigation
Feb
Jan
Jan
Feb
8
523/4
771
15%
'
■'
Jan
1
Cotton
Packing Corp common
Doernbecher Mfg
Delaware Power & Light
Storage Battery
Electric
'14%
:
for Week
29%
__
*
Sugar
Exchange
ls/a
2
_____
Co
California
Crown
(—2%
Jan
Feb,
1%
1
California
Crocker
i
Jan
Jan
/. „:.36%
553/4
,
Feb
292
29 %
"
20
Commonwealth
Range Since January 1
—50
Co
7
Feb
50 %
$4.20 preferred
Budd
Jan
17%
Mar
32%
Jan
19
V
25
80
Jan
16
17%
35
Jan
Jan
235/«
■
15%
1%
1
——.
Preferred
Low
Works———13.
Chrysler Corp
Feb
17;-i
Low
—2.50
Corp
Jackson
Class
Corp—
preferred
14
Range
Sale Price
Bishop Oil Co
Jan
Jan
453/4
148% 149 %
149%
19%
Week's
Last
Oil
Columbia
High
22%
100
Locomotive
Bankers
50
31
.
for Week
Low
*
Baldwin
6%
Range
Par
Jan
5%
Mar
133/4
50%
50c
Diesel
Aircraft
Byron
Sales
of Prices
Sale Price
/'• //>■..
■
Feb
Mar
Jan
.16
Mar
28
49%
V--
Jan
Philadelphia Stock Exchange
";
27a
30
45 v»
/;
4% Mar
20
21 Va
34%
Thursday
Anglo Calif National Bank._-.__
Colorado
:.V
—
-
15
Mfg Corp
Clorox
Week's
—
5
common
common
STOCKS—
Chrysler
Thursday
Jan
45% Mar
Feb
21%
5%
•
—
\
Beech
a8%
a8%
Jan
28% Mar
28%
1
10
156 Va
Feb
Feb
— -
12%
...
102% Mar
''
•;
....
98% Mar
156 %
18%
12
•
Wi
Jan
75
_
>v
15
550
>
28
San Francisco Stock
23% Mar
42
2%
5
Westinghouse Electric Corp_
Willys-Overland Motors Inc
Jan
23%
Feb
12
a
7
10
_
_
Pictures Inc__
55 %
Feb
19%
21
al8%
1
_
Feb
19 %
425
164% al65V'a
49%
42
10
......
_
_
—
Western Union Teleg Co class A_
Woolworth
120
102% 10274.a
Febf;
620
.
Jan
Jan
15%
10
*
Co
Fuller
&
(Un)',___
common
;
48-5
21V*
23%^
a27% a28%
Company
Warner Bros
-
102%
Aircraft
Corp
United Air Lines, Inc
United Corporation (Del)
55 %
20%
22%
22%
0
Jan
Mar
58 %
2% Mar
14
•'
common
Cement—
Jan
1,760
95
55 Va
mmm%
35 7a
Jan .*
26 %
1
;'r..3i%
Mar'/
39% Mar
20
5%
28
10
_
w/ts Mar
102
__
Twentieth-Century-Fox
'
40
145
15%
5
—-
20
_____
common
Portland
15%
4
_
Piping & Supply
Missouri
5
-
__
Jan
11% Mar
a55% a5G %
•
51
Mar
17/
31% Mar
25
41 Va
10
Jan
25% Mar
100
28
41
—
90
344
2%
28
—
+
common
common
Mar
a32% a3274
■
L--j25
Co
Sulphur
Water
—*
—-
_
15
Jan
28
;
B'/a Mar
350
35 %
-
V.
250
17''
V
'
26% Mar
'
Jan
Jan
33
.
Jan
38
15
12% al2%4"
'"I
65
/,
Jan
95
73% a74 Va
a
•
!
-
53%
_
"
|
Mar
383/4 Mar
50
'
40v..
29
27%
common
common
Steel
Stix-Baer
100
26 % a26 '/8
a
25
Am
■16 Va
38%
4
it
Railway Company—
223/4
"25
30 Va
a403a a417a v'
15
Standard Brands Inc
Standard Oil Co (Ind)
/-
1,190
10%
.
Corp——_ --1.75
i
1
Co
30
97«
'
17
345/s
—_6
________
_
Laclede-Christy
■
a—
2534
10
_
Republic Steel Corp
5
29%'
-
__
America.
of
32
Mar
—i
GViesedieck-Western
Preferred
Feb
16
Ilio
common..
International Shoe
7
:
16 %;
-
— —
(Un>_!
common
28
7
~
17'
•
tUn>
High
27
165
30 %
28
—I
common
''
3
18
•
v
■■
Electric
t/I
16
30
-
1
common
Low
r.;
29%
>
16
1
Falstaff Brewing common
Range Since January 1
High
29%
1
——
Shares
"
■
-
<
/
OJ;.1 Low
v
-15
Bottling
Laclede Gas
610
45% a46'/4
i;
common
Industries
Coca-Cola
Par
IV-•.'''1'% r\l
common—
Mfg
Clinton
jl
v
Shoe
10 Va Mar
16% Feb
15% Mai-
426
•
Sales
of Prices
'
222
17-%
•
.{.
;
20'/a Mar
31%
48
Jan
15%
9 Va
265
•
Exchange
Week's
Sale Price
Jan
18%
10 Va
17%
Jan
31% Mar
1,450
16
18
Jan
ia
;
Feb
21
1
9%
Feb /
31 % Mar
10
4
_
50
.
Feb
4%
"
STOCKS—
General
20 Va
31%
(1
16%
2
30
12%
•
8%
490
;
Thursday
Jan,
Brown
411
14 Va
12 Va
-16
—
•
Co.—
v
'
15% ;
20 Va
.2.50
Incorporated—'
42%
27
:
300
53
-*-1-
___
Corporation—
Jan
135
a32 %
12 Va
Co ——'——-———- 33 Va
Pullman,
«
•V
■t;,.
a20% a20V3
_100
Inc
Railroad
12%
466
.
18 '/a *
%
15%
V" '
20%
1——-
Co..
Pictures
Pepsi-Cola
—T—
—!
Car
25% Mar
206
.
,
9%
a
53
a32
'•
(
-III
__io;
Inc
T_-.
Co
50
.
17%
a
,
,
•
Rwy
50
9%
—.
Airways Corp_^—
Pennsylvania
Phelps
—
Company
Packard
Pan
Co
I;
17%
a
III5
Corp
Aviation
North American
13% V
'
New York Central RR
North
,
13%
—7"
——
Corp—4—__—
Prod
■
2743
High
V"'
Ward & Co Inc.—x__
Montgomery
V
26%
;'Vv;—
.•/
,—
,
I
■) J/'"/ /r,"
'
Low
26%
St. Louis Stock
Range Since January 1
High
<
■/..-*
-ii*
' w/
Llbby__-——
&
\
J, )
Corp.*— II*
Tel
-
Low
•
Canada
Copper Corp
•{
*
&
'
I
:
of
Co
Par
V-I
-
International
'
t
..
■
International
•
! i
•
Sale Price
MARCH 25
Sales
Range
of Prices
Last
STOCKS—
Monday, March 29, 1948
EXCHANGES
RANGE FOR WEEK ENDED
t
CHRONICLE
102%
103
65
23
400
90%
132
22%
90
90
al48
a
148'
.'a51% a517a
..."
2
113
101%
22% Mar
25%
90
Feb
97
Jan
140
Feb
144
Mar
49
Feb
Jan
503/4 Mar
Volume
THE COMMERCIAL
Number 4685
167
.
.
&
FINANCIAL
CHRONICLE
.
..
OTHER STOCK
(1395)
.■
.
a9
EXCHANGES
RANGE FOR WEEK ENDED MARCH 25
Weeks
Range
for Week
Shares
Last
Sale Price
STOCKS—
;
Low
Par
Paraffine Co's
Equipment
preferred
6 Si
Feb
55%
Feb
el1/*
41W
752
36%
Feb
44
41
24
100
1
.
common
40
70
a26%-a26%
10
a31-% a32l/2
Preferred
40
38
Jan
Continental Oil
31%
125
Jan
Feb
33%
Jan
Jan
Domlnguez Oil Co
Dumbarton Bridge
21%
893
20 %
Feb
342
15%
Jan
18
Jan
27% Mar
32
Mar
21%
21%
28
28
28
40
1
6 Va
6%
6 %
665
10
16
15%
16%
1,235
18
18%
325
23%
15% Mar
17% Mar
and W Pine Foods Inc
Stores, Inc common—_____5
BftniMauricio Mining
10 pesos
Sears Roebuck & Co capital
——*
toaieway
Shell Union
4.32%
4%
Co Del
940
301
21
a 46%
a45%
26
a7%
a7%
100
53%
53%
245
Gas Co pfd
Jan
Sperry Corp
Eastman Kodak
of
Co
N
Standard Oil
Co of
28%
1,721
25 % Mar
4%
4%
100
4% Feb
Goodrich
30% Mar
35%
Jan
* Feb
33%
24%
22 %
49
27
Transamerica
Oil
Air
United
U S Steel
Calif
of
Co
Lines
Jan
Holly
26% Mar
28%
Jan
32%
143
32% Mar
34
Jan
International Nickel Co
44
50%
50%:
2,736
28
r
1,265
Jan
Feb
28
\ 22 7 Feb
9%
9%
210
9»/8
Feb
1.00
Jan
International
Mar
1.00
190
1.00
Jan
61
59
2,289
Jan
10
1.10
Jan
Tel
127
Jan
Jan
39
Feb
a__
42% Mar
39% Mar
Jan
2.50 Feb
27%
Jan
12%
13%
321
11%
Feb
14
37
38%
260 :
34%
Feb
38 %
Mar
49
51
871
43
Feb
51
Mar
*
17% al8%
170
16
Jan
18%
Jan
v
13% Mar
17%
Jan
Copper Corp
17%
a
62 y2
Jan
a
Matson Navigation Co
•
15%
13%
15 %
3,610
McBryde Sugar Co
5
6%
6%
6%
170
21
825
Mar
21
Mar
2,440
19%
Feb
24
Jan
M J & M & M Cons
6,326
10%
Feb
13%
Jan
Montgomery Ward & Co
•
a53%
Nash-Kelvinator Corp ___
National Distillers Prod
5
15%
11%
21%
21%
21 y4
103
16%
Jan
21'A Mar
25%
25
25 %
2,422
21%
Feb
26%
18'A
18%
2,015
16%
Jan
18% Mar
N
72%
72%
666
68 % Mar
78
North
American
42
43
430
38 y*
Feb
Jan
North
American
8%
8%
350
7%
Feb
28 %
28 %
100
19c
1
:
19c
6%
Feb
7%
Feb
Jan
22o
Jan
19c
200
19c
15%
15%
225
15 % Mar
53% Jan
17% Jan
20
20%
350
18% Mar
21
Jan
13%
14%
1,417
15%
Jan
12 >.o
12%
680
16
16
a50% a53%
•
48% Mar
346
Jan
Jan
43 y4 Mar
,
10
Mar
25
390
27%
Jan
36
Jan
Jan
10%
—
a
Mar
7%
"*£.05 Feb
51
21%
—
400
Jan
a—
—
24
200
5%
Feb
38%
Co
___.
16%
15
3%
a—
120
8
2.50
a27
a27%
Inc
Loew's
24%
8
2.40
24%
2.50
Canada—
Tel
&
Johns-Manville Corp
11%
—
370
Oil
20%
21
— —
10
4%
24%
Idaho Maryland Mines Corp
61
i
Consolidated Oil
4-%
a39% a40%
Battery Co class A—___—
Co___———
25
58
10
Corp common
Universal
282
Jan
35% Jan
a—
75
41%
Jan
11
Feb
35
a51 a52%
pfd
100
5
Corp
20
41%
Graham-Paige Motors common
25
common
9%
31% Mar-
1,437
Jan
5%
42
Mar
39
200
*
a36Vo a36 %
a36 %
common..—
Great Nor Ry non cum
2
Corp
Transcontinental & Western Air
Union
Co
24%
——'
1
F)
(B
a26% a26%
——
*
10%
35%
30%
»
Jan
27%
10
10%
34%
Goodyear Tire & Rubber common-
28
50%
10
Associated Oil
Water
10%
35%
Feb
125"
a.41% a41%
-5
Jan
115
32%
Cal—
Super Mold Corp
*
6% Mar
4%
General Food Corp__—_——r.
Kennecott
Tiae
Feb
4%
53% Mar
3,840
,10
13c
814
32%
2
*
—
Jan
8
•
Feb
6%
General Electric Co
Hobbs
Spiegel, Inc common
Spring Valley Co, Ltd.
■^8 Jan
49
6%
J
36%
a33
24%
1
Jan
a—'
23
Feb
31%
a26%
*
Mar
10
Jan
30
25
25
25
A
Jan
Feb
2%
6%
_____
9c
435
a32%
31%
Pacific Co
boutnern
18% Jan
20% Jan
Co—
ser
2%
22%
a__
—1
32%
37,700
34%
•
Edison
preference
Southern Cal
34%
5
_
preferred
4.48%
lie-
10c
10c
15
Oil common
Sound view Pulp Co
Southern California
22% Mar
2%
21%
Blectric Bond & Share Co
S
11% Mar
22% Mar
Jan
7
V
High
Feb
10%
7 7/50
—1
Curtiss-Wright Corp
al6% al7V'4
Low
150
.
2%
•
Corp—_—
30%
1
Ryan Aeronautical Co.
Motors
Feb
1
*
Co
common
Continental
24
a
21%
...
"115
Jan
Range Since January 1
—5
Southern
&
11%
a24
Solvents 7——
Commercial
Commonwealth
Mtyr
Shares
High
11%
L,Li-
Elect-
22%
Roos
Manufacturing
&
Gas
54
Mar
Richfield Oil Corp
Bros
Columbia
Mar
Consolidated Edison Co of N Y—
Cons Natural Gas Co capital
25
Rayonier Incorp
Rheom
22
320
Realty—
&
Railway
851
60%
for Week
of Prices
Low
Par
High
23%
41 lA
•
Sale Price
STOCKS—
Styice January 1
Low
Sales
Range
Last
Range
High
23
•
Plumps Petroleum Co
Puget Sound Pulp & Timber
Week's
Thursday
60%
23%
*
common
new
'f
Sales
of Prices
Thursday
Central
Y
RR
capital
Aviation
14%
•
1
Co
-■
10
common
12%
Feb
Jan
12% Mar
15
Feb
16% Feb
Feb
8%
235
'
Pacific
Northern
Victor
Equipment Co
Waialua
Weill
Agricultural
&
Co
Fargo
West
Indies
Western
20
Co__
Bank
U
&
T
Mar
22 "«
22%
100
19%
16%
16%
100
16
a2978
a31
60
8%
8%
1,133
25
25
22
50c
Co
*
com
1
•'
"...V/
'
■■
•
—
25
.—
.
22%
-t
.'
~
34 y2
Mar
284
100
;
common
Preferred
■
225
10
7
Jan
Oahu
&20%
20
14%
14%
Ltd
Sugar Co
121
17%
460
al9% a20V«
14% Mar
27%
20%
Jajn
17%
Jan
a31%
a31%
32
135
Feb
32%
Jan
3%
3%
3%
200
3 V* Mar
4%
Jan
8
7%
8
98
7% Mar
10%
Jan
25%
25
25%
180
Sugar Co——
Onomea
•
Oil Co common
Olaa
22 y2
Jan
18 V4
Co
Sugar
\
-20
Ohio
Jan
Feb
14%
20
Mar
225
301
Mar
a
Jan *
a
a.
_
Jan
Packard
Feb
Pan
Motor
American
Co
common—10
20%
4%
25 3 4 Mar
Jan
Feb
4%
Jan
•
4%
4%
1,870
2.50
10%
10%
1,333
1
21
21
320
18 %
Feb
21%
Jan
.—50
33%c
25
18
18%
388
17
Feb
20
Jan
17
17%
1,345
17
Mar
22
Jan
47%
475
41
Feb
48
Jan
a45% a45%
20
common
Airways
Pictures
Paramount
„
Cement
Portland
11
.
Mar
'
Pacific
27'A
8 % Mar
25
100
Railway
Mart
,9
Feb
10
225
21/4
1
Stores
Pacific Railroad
Co
27%
284
Sugar
Cab
— —
225
Dept
Western
■
____100
(R)
Wells
Yellow
1
common—
10% Mar
8% Mar
Unlisted Securities—
Air Reduction
25%
25%
223
3%
__•
Co
3%
200
23% Mar
25% Mar
■
Alleghany Corp
American
:
Airlines
American
Power
American
Radiator
American
&
Smelting
American
Tel
American
Viscose
Jan
Pullman
Jan
Corp of America
Radio-Keith-Orpheum
148% 149%
1,062
148% Mar
152%
Jan
Republic Steel Corp common
a8
7
Reynolds
Cement
240
50%
43%
726
37
Mar
31
Feb
89%
Feb
35% Mar
97% Mar
20
Feb
20
4
34%
35%
1,294
97%
97%
335
a22%
3
5%
35
50
22 3 8
5
5%
a
355
Feb
4 %'
„
j
7
,
Feb.'
13
Locomotive
Baltimore
Barnsdall
Bendix
Ohio
&
Co
Oil
Aviation
Bethlehem
Feb
Feb
5% Mar
Holdings Corp
Boeing Airplane com
Cal Ed
So
Ltd
Brands
26%
Jan
a37% a38%
40 V*
Jan
15%
Feb
18
Jan
Feb
18%
Jan
Feb
167/a
Jan
25% Mar
29%
Jan
Jan
Jan
Jan
Studebaker
51
'
a
a—
—
Swift
&
Company common
31%
1,490
26%
1,117
30% Mar
4
3,143
3
Feb
28%
705
23
Feb
a38% a38%
20
41%
Jan
41%
Warner Bros
a
a
17%
75
15
17%
600
15
Jan
Texas
4%
Jan
United
Aircraft
United
Corp
of
16 % Mar
Jan
17%
15
15
Mar
14%
Jan
Mar
Sugar
Co
Petroleum
Westates
common
Feb
26
135
69%
Feb
77
Feb
20%
Jan
Mar
36%
Jan
18%
420
16%
32 %
100
32
common
Western
Air
Mar
11%
Feb
Western
Union
Feb
44%
Jan
Westinghouse Electric Corp com
209
32%
Feb
39
14%
Jan
Mar
52%
Feb
59%
28 %
460
23%
Feb
28% Mar
2%
490
2%
Feb
280
280
200
al2% al2%
110
■
a
12%
Woolworth
Lines
(F W)
a21% a21%
lo
185
Jan
6%
Feb
Jan
8% Mar.
7% Mar
Jan
20%
Mar
25%
Jan
46c
Mar
19
940
a44% a45%
a45
common—
Jan
12%
4%
15
29%
28 y8
29%
3.50
Feb
31c
150
8>/8
8%
A
12%
Jan
2.75 Mar
5,250
'
Jan
2%
10%
2.850
3!)c
5%
5%
___1
Inc
Telegraph class A_
56
38c
38c
1
10
Jan
280
28%
56
1
._
Jan
2%
.5
Preferred
40%
39
24
32%
__
.5
.
_
.
166
39
14%
18%
1
.
Pictures
125
39
508
a73% a75,/s
18%
——
_
14 V j
a
27
715
65
.__25
Del-
10%
14%
105/a
16%
1,153
.7 875
a25% a26%
a74%
;
Corp
28% Mar
a41% a42%
a42 %
18
8% Mar
31% Mar
34%
50
a
10
common
1 7
25
Co
3%
al7%
25
Corp common
34%
Feb
350
16
16%17:
1534
17%
a25%
—
13
28%
2'/2
Trading Corp com-0
Canada Dry Ginger Ale
1%
Canadian Pacific Railway
'•
25
Chesapeake & Ohio RR
25
•
Inc
15
Feb
1534
27
10%
Pacific
Co
Feb
37 % Mar
15%
15 i
—,
12% Mar
Utah-Idaho
Cities Service
Feb
22%
189
common
160
3%
15
& Sullivan
7%
762
10 % Mar
•
33
1
Co
Hill
250
__,
Socony-Vacuum Oil
30%
31%
_5
Borden
California
8%
25%
•
690
*
Blair
Bunker
Feb
87,
'.8
*
Sinclair Oil Corp
a36 a36 %
a36%
5
i
B
A
Co
H'%
11%
__5
.
Corp
Steel
Jkn
30
Feb
8
730
1,665
9%
9%
•
10
Standard Oil Co of N J
al4% al4%
al4%
—100
RR
class
Tobacco
Riverside
53%
42 3
100
Corp__
53 % Mar
44%
50%
53%
•
Standard
Baldwin
26%
30
Jan
54>%
a._
25%
•
1
Jan
Jan
4
10%
•
Radio
8%
14V4
•
Fe
46 3
29% 7
Pure Oil Co common
Feb
12% Mar
51%
14
Santa
17
—"
Inc
90
Mining
Manufacturing
Mar
90
Refining
Co
&
10
27
13% al4%
.Corp
Copper
Topeka
Jan
24 % Mar
65
y4
Jan
a53% a55 y8
Corp
Avco
a8
%
7%
3%
a
a8 %'
5
Anaconda
Atchison
55
Feb
•
San
Woolen Co com
American
1,610
25
2%
100
Std
&
Tel
&
10
25
20
*
Light
&
9%
9%
1
Ltd__
Factors,
American
Atlas
1
.
Pennsylvania RR Co—
Pepsi Cola Co
Phelps Dodge Corp
29% Mar
Feb
a—
a__
\
CANADIAN
LISTED
MARKETS
RANGE FOR WEEK ENDED MARCH 25
\.
Exchange
STOCKS—
STOCKS—
Sale Price
Par
Abltibi
Power
&
Paper
Low
*
com
Algoma Steel
New
common—
42%
—
Ltd
Aluminium
_
19
—
common
•'
Low
Hign
42%
12 % Mar
17%
Jan
1,'875
19
17% Mar
20%
•,
56
33VA Mar
2,027
.
Celanese
Co
of
Can
A%
pfd
-25
Warrants
.
Jan
r
221
173
195
% Feb
225
Mar
45
285
43
Feb
46
Mar
24%
24%
•
Argus Coip Ltd common
m
25
25%
40c
25%
25
5% Mar
200
30c
455
,
!
Feb
24
575
6%
40c
Asbestos Corp
85
24%;
.6%
6%
—
series
Foreign
$1.75
B«H
&
Pap. class A-
__•
Telephone
7%
24% Mar
Feb
Canadian
Class
Ind
Alcohol
class
Jan
26%
Canadian
British
•
Power
3 3A 7 r conv
Oil
'19%
•
Bapk Note Co
American
171/*
*
common
preferred;
—25
18%
24%
British
Col
Power
*
Class B
Locomotive
_
Canadian Oil Companies.*—
Pacific Railway
Crown
Cork
Seal
&
Burrard Dry
Dock Co Ltd class A.
100
•
Jan
•
Feb
20-
Mar
19-
Jan
23%
Jan
16% Mar
20 V4
24
:
2%
'•
Feb
,Jan
30l/a
635
1734
50
7%
200
2% Mar
24%
500
v
2%
Dominion
.5','0
$] .30
preferred
Canada; Northern
Canada
Wire
Canadian
&
.100
Power
Steamship
5% preferred
Canada
«
7 %
4
7%
9
B__
—
■
m
*
common
—
footnotes see page
44.
—
15%
"
12
—
35%
class
*
Canadian Car & Foundry common.
Ciass A
-20
For
27%
—
Breweries
Canadian Bronze
15
27%
__
*
common
Cable
15%
•
Corp.i.—_
Mar
13%
10
Mar
13
Jan
410
20% Mar'
30
' Jan
15
; Jan
23
11%
'11'%
5
13
13%
8,317
12% Mar
97'A
2,480 ■*.
91% Mar
33
15
33
Mar
36
Jan:
24
25
24
Feb
26
Jan
9
Mar
11% Mar
150
15%
28 y2
Feb
Dairies common—a
9
..
Jan
-
Jan
20
Jan
32
Jan
16
8,125
10%
16% Mar
Feb
10
20
Feb
19
Jan
Feb
10
Jan,./:
690
27
290
Glass common
Feb
Jan
Dominion
Jan
Dominion
2%
Jan
30 y2
Jan
18
Stores'
Tar
17
8
8
35
7 25 %
-*
7. 23
25
«__■•_ ——*
L,
207-
23
31'A
170
30
16%
23%
22 %
30
23
20
—
23
20
'
28
34 y8
i8y8
Jap
1
Feb
Mar
125
23
:-
?
v
26 %
Jan •'/
Jan'7:
26% Jank
;"
Mar
20
Feb
11
?
y
>
•27
22% Mar
500
"
'
■
Jan
Feb
Jan
;—_23%
Jan
Feb
Feb
23
200
22 y2
16
•
22 V2
,
14
4.408
23y*
16%
''
common—*
25%
23%
>Y
->:X
Jan
26
25 '/a Mar
10
23
31'A
Ltd--—*—.!——0
Voting triist ctfs__.
Red preferred
____——
;
8
;
25%
*
& Chemical
29%
18
28
-
•
1
Foundries & Steel—
26
,
.
Jan
100%
!
8
9
18
"u7
19%
28%
__25
preferred.
4
Feb
"V.
.
21%
Jan
'
~
_»
common
preferred
Dominion
17V4 Mar
7%
Jan
Feb
v'
Dominion
77
Canada Cement
Jan
10
820
24 '
„
•
Bridge
Dominion
25
,
2% Mar
•
Jan
33
'
7
•
Dominion Sttel &Coal class B
325
26
32
94%
: V,
96
_____'*
Class B
Dominion Coal 6%
1,450
,
26 % Mar
•
Jan
Jan
22
■-
3%
22
13%
5
——*
Davis Leather Co Ltd A
Jan
2,800
24%
36 y2
1,476
12%
11%
Co_
35»A Mar
135
11 %
22%
25
Mining. & Smelting—.:
Jan
17
805
17%
30
30%
1—5
—
*"■
25%
_J._*
Building! Products
Gold Dredging
Bulolo
'
3 Vo
Corp Class A__ -x_*
■A
18%
1
.
4,855
21
24%
3%
300
20
20%
V."
21
.
British Columbia Forest Products
9%
11%
10%
21
''
•»,
Canadian
11,
160y4.Mar
::
12
"
168%
17% Mar
575
r
26 y4
11%
*
i
9 % Mar
590
•
9%
26%
*
A__
B
Dominion
20
18
•
•
65 V* Mar
Feb
58
535
35
Jan
60c
Mar
160 y4 161
161
■»
_.
Bfazilian Trac Light <fc
British Amer
19 ^
•'
Btfalorne Mines Ltd—
High
Low
65'A
35 '
•»
Investment
Distillers Seagrams
Bathurst-Pow
«..
Range Since January 1
High
60%
65 Vi
■/"
Canadian
Consolidated
Aluminum
Low
•
common.
Jan
44%'
219
45
Range Since Januaf££
3.675
14%
39%
•
__;
Shares
High
14
18%
'14%
u.
$1.50 preferred
Canadian
] for Week
of Prices
Shares
■
Sales
•
Range
rs *
for Week
Of Prices
Sale Price
Par
Week's
Last
Sales
Range
Last
Canadian Fundi
Thursday
Week's
Thursday
Montreal Stock
'
19%
506
105
27
100
9
Mar
12
65
11
Mar
.
4y2 7
Jan
Donnacona
28%
Jan
9
;—*
common
Feb
Dryden Paper-—-—
13%
Jan
East
Jan
Paper
0
20
*
Kootenay Power—
35%
36
24%
40
24% Mar
25
Jan
Eddy Paper Co Class 'A' pfd
Famous Players Canada Corp
18%
19%
6,376
17% Mar
23%
Jan
Foundation
35
35
35
125
ioy2
10%
10%
230
15%
15%
15%
110
35% Mar
34
Feb
9% Mar
15
Mar
7
12
3,231
165
101
6
165
Mar
"167
165
101
101
Feb
105
40 y2
Co
Co of
Can
37
Jan
Gair
13%
Jan
Gatineau
IT
Jan
General Bakeries Ltd
preferred—
Power 5%
!
*
__,
27
'
'
:
Jan
Jan
,28'
26'A
1.50
16'A
__
20
c
100
pfd—_———100
102
-*
-i
90
l'.OO
25
1.50
60
19
16 V* Mar
15% Mar
150
18
Jan
Jan
19
(35
*
Jan. *
1.50 Mar
Jan
430
,
16
19
20
90
"90 ■
102
102
2%
2%
25%
850.
27
•
16'V 16%
x15%
/
Jan
15
11%
12
Jan
19
24%
226
'
—2100
pfd ——100
i
*
__—-—
11
14% Mar
28
Textile
preferred
12% Mar
.
Mar
24y2
90
Mar
90
102
Mar
108
Jan
Feb
4
Jan
Jan
Mar
-
-
,.T
,
250
2%
*'
r
40
(1396)
THE COMMERCIAL
&
CANADIAN
RANGE
Thursday
Week's
Last
'STOCKS—
"/
jfar
General Steel Wares
Gypsum
Lime
Hamilton
&
Bridge
Hudson
•26
50
Bay Mining & Smelting
14%
6%
*
-
100
14
Mar
6%
23*4
16%
Feb
44%
200 i
44
1,140
Jan
7'/2 Mar
30 %
Jan
153/3
14%
15%
13
13
13
Industrial
_I
4%%
International
6%
Corp
A'cc«.p
class
A
•
12
24
01
Paper
Petroleum
International
Utilities
*
16%
14
Jan
Eastern
"500
24%
Feb
25%
Jan
East
355
29%
Feb
33
Mar
"Mar
92
Jan
Feb
13
Jan
V
25
65
'
88
1%
'25
Kootenay Power 7%
pfd
Candy Shops Inc
Fanny Farmer
Fleet Mlg & Aircraft
Ford Motor Co of Canada
Jan
Foreign Power Sec Corp Ltd
2,828
29% Mar
34%
Jan
4,012
46
59
13 %
121/4
13%
13,489
11
Mar
15%
Jan
Great Lakes Paper Co Ltd
40%
40
40%
790
39
Mar
50
Jan
10%
10%
208
10% Mar
12%
Jan
A preferred
Hydro-Electric
Mar
21
27
Mar
29
National
Ogilvie
10%
5%
.1
H
&
River
Power Corp
Feb
common
10%
84
17
14%
37
■24
46%
45
•
25
Shawinigan
Mar
18
Mar
•
*46%
Water
com
Press
f"
7
25
U
Crush
Quebec Pulp & Paper
162%
Jan
25
165
Jan
15%
Feb
Jan
•40% Mar
Corp of Can
NC
Reitmans
Russell
Feb
22
Mar
Feb
741
11
Feb
12%
13%
535
58%
60 %
93%
2,380
77 50
10%
10%
130
15%
16%
379
25 7
14%
Jan
54% Mar
68
Jan
93% Mar
98%
Jan
10%
13%
Jan
Feb
25
15% Mar
10%
50
25
60
100
Mar
90
101
Jan
10%
50
36
10
286
116
113
17%
Feb
100%
102
■
35%
116
317
% Mar
Jan
16%
35% Mar
109
Feb
25
100% Mar
102
Jan
'46
'Jan
132
'Mar
Jan
21
21%
2,356
420% Mar
21%
Jan
45
1;080
44% Mar
•47%
Jan
145
——
145
12
;
53
7
f
7
5
160
625
70
Jan
7%
Jan
77%
Jan
Jan
7%
165
Jan
Jan
13%
13%
5
13%
Feb
15%
12%
12%
150
12%
Jan
>14%
36%
37
75
Bob's
Candego
855
24
23 V*
100
22
Mar
27
Jan
26%
Jan
98
20
99
Mar
100
Jan
19
275
19
Mar
21
Jan
25%
95
34%
20
34%
Jan
35%
Jan
28%
25
28
Jan
28%
Feb
Feb ; V
20%
2,909
95
3
22
Mar
25
25
:V;fi 96
26%
Jan
30
23%
24%
1,010
23
Mar
650
36%
Feb
25
40
25
23%
9">
620
36%
1949
50
50
Jan
Feb
27
Feb
28
Ltd
37%
Feb
23 % Mar
25%
Jan
50
Jan
50
Jan
Consol
Millen
Ltd
Columbia
Range
Low
22%
23%
1,920
20
29
29
20
class
10%
•
•
Ltd
cl
9%
95
9
<Jan
10
10%
4%
10%
695
10
Mar
12%
Jan
4%
75
5
Mar
II
_•
A—„
Packers
755c
4
%
50c
•
4%
.
72
-55c
•
200
82
85
Brown
175
common
Company
•
-r
Canada 'Vinegars
4
Mar
6 %
Jan
Mar
1.00
Jan
4% Mar
5%
74
87%
Feb
3% Mar
6%
Jan
Internat
Inv
Trust
com
Silk
Western
com
cl
A____
Lumber
Catelli
Food
Products
Chatco
Steel
Prod
Neon
Co_
General
Preferred
pfd
Adv
Consolidated
com--
footnotes
453
45
*
;
10%
so
15%
30
14
19%
20
3%
3%
1.60
1.65
•
1.50
Ltd
1-60..
•
Sec
25
3%
10/^
■0
•
■
3%.
39
15
11%
7%
7%
45
15
11%
20
120
2,270
/
j3 V2 :
39
15
33
/
22
-
375
i
10
23
Corp
see
Ltd
*
35c
50
-.4
page
44.
28
Jan
29 % Mar
65%
Feb
140
10
250
9% Mar
pfd—100
110
110
10
109% Mar
7
I310
6% : T7%
14 %
14%
16
108
108
7 52%
14%
pfd—100
71
■
V Jan
10%
110
5% Mar
Jan
Mar
10%
Jan
Ltd
__
17%
•
125
13
Mar
42
108
Mar
52%
50
52
Mar
55 %
Jan
17
915
13
Mar
25
Jan
5
pfd—20
40c
14%
109
__
425
17%
14%
'
iUO
5
17%
__
.
109
4%
Feb
6
Jan
17
Jan
18
13%
Feb
14%
13
Feb
104
40c
40c
i
14%
f
25
7%
715
37
37
50
80c
80c
Jan
41
Mm-
7% Mar
7,532
Feb
37c
Jan
Mar
115
14 % Mar
7%
Jan
Feb
100
14'A
*
16 %
111
400
'
17%
Feb
'
*
*
__
"*
*t)78
34
Feb
37
Mar
1,000
80c
Mar
75c
Mar
4c
4c
1,000
3c
Mar
12c
Jan
3c
„
3c
1,000
3c'
Feb
3%c
Jan
Ltd
*
Ltd
Mines
14%c
Ltd
1
Ltd
12c 14 %c
6c
6c
11c
40c
40c
17c
22c
144,200
21c
26c
Feb
500
49c
Mar
55c
Mar
55c
2,000
50c
Mar
/82c
Feb
32c
36c
6,000
30c
Mar
56c
Feb
2%c
2%c
2%c
300
7c
8c
1,400
"T*
—
1
10c
Mines
Ltd—
Mines
t
2,000
300
70c
60c
7c
7c
8v2c
Mar
68c
10c
Mar
22c
5c
Mar
14c
Mar
182
20%
70c
*
70c
1,200
•53c
21c
3,500
32c
1,000
Feb
22c
Jan
23% Mar
17%c Mar
32c
Feb
Jan
9c-
Jan
20c
20c
1
Jan
Mar
60c
2,000
*
Jan
8c
70c
Mar
250
15c
1
Mar
1.200
20%
,
lie
Jan
4c
28,850
r.
15c
Ltd
Feb
3,000
20%
Ltd
Mar
16c
5c
15c
Mines Co
5c
Mar
10c
20%
Mines
Feb
7c
70c
15c 16%c
—
7c
Jan
2 %c
60c
2
1
Gold Mines Ltd
10c
5c
70c
Ltd—1
Ltd
■
70c
__
«
Cadillac
*
51c
1
Ltd
Jan
Jan
32c
1
1
Feb
7c
22c
54%c
Mar
38c
51c
—
•
Ltd
14y2c Mar
Mar
:"9%c Mar
i 55c
'
1
Ltd
1.000
'
1
Mines
1,000
>
Mar
5c
1,500
__
1
;
Ltd
12c
7,500
6c
10%c
__
1
Mar
1.09
Feb
27c
Feb
32c
Mar
67c
5c
Mar
8%c
Feb
1.65 Mar
3.50
Jan
Feb
Jan
Duvay Gold Mines Ltd
1
5c
5c
5%c
;6,500
East
1
2.40
2.15
2.53
12,400
1
72c
68c
74c
11,600
55c
Mar
1.31
15c
17c
2.000
12c
Mar
23%c
6c
6c
500
*5c
Jan
6c
Jan
10c 13%c
21,000
20c
Jan
Mines
Bulllvan
Eldona
Ltd
El
Mines
Gold
Sol Gold
Fontana
Ltd
Mines Ltd
Mines
1
(1945)
Ltd—:
__
1
Formaque Gold Mines Ltd
1
Found
1
Lake
Gold
"'•
12%c
Feb
Ltd
7c
Mar
4c
4c
4%c
17,050
3c.
Mar
6 %c Mar
1
56c
56c
58c
1.500
50c
Mar
93c
Feb
1
Mines
Goldora
Mines
Goldvue
5c
5c
5c
5,000
5c
Mar
7c
Jan
15c
15c
4,700
10c
Mar
24c
Jan
11c
Mar
16c
Mines Ltd
Heva Gold
Hollinger
Ltd
l
Mines Ltd
15c
Mar
Feb
-1.50 Mar
Jan
15% Mar
19% Mar
2
Jan
"12%
Feb
1.45
24%
Jan
'4
•
;
<Jan
1.95
Jan
•'2.00
Jan
10
Mar
12%
Jan
21
Mar
25
Jan
3%
38
Feb
■
Feb
10
15
25
11% Mar
50
7% Mar
-Jan
1
Consolidated
Lake
Mines
3%
"41
'15
Jan
Jan
Jan
10%c
10c 10%c
1,568
Mines
Lake
Gold
Mines
Ltd—
Ltd-^
Mines
6%c
60c
37,800
82c
5,500
1.75
1.75
1.75
*
42c
Jan
Mar
Feb
8c
Feb
1.25
1.45
Mar
Mar
1.66
162
Feb
Feb
7.65
1.90
1.75 Mar
200
61% •■>.'
Jan
50c
Mar1-.
55c
Feb
Jan
14%
Mar
1.00 Mar
100
1.75
61%
—
4.45 Mar
600
75c
49c
12% Mar
8,500
1.05
55c
—
5
7%c
1.00
1.75
1
Ltd
4c
200
6c
Mar
•30c
—
1
Ltd
300
3,500
55c
1
Gold
13
•
1 •
Mclntyre-Porcupine Mines
5.15
36c ; ; 40c
6%c
*
Ltd
5.15
—
-
11c
Feb
4c
25c
12%
—
36c
1.00
Mines Ltd
Lake
4.1U0
12
Mar
7c
5,000
1
Long Lac Gold Mines-Ltd
Malartic Gold Fields
4c
3dc
1
Mines
Goldlields
4c
30%c
Feb
10
500
4q
1
Ltd
7c
30%e
1
Gold
7c
__
1
Ltd
Mining & Explor Co Ltd
Red
4,000
1
Ltd
Mines
Shore
11c ll%c
ft
Gold
11c
Gold Mines Ltd
Joliet-Quebec
Jan
Jan
Jan
1.75 Mar
Feb
1.95
61% Mar
65
Feb
Mar
•
.
f
Nechi
Cons
Calumet
New
Marlon
Normetal
1
LtdJ
Mines
Gold
Mines
Porcupine
Cons
Mines
Gold
—
Ltd
Dredging
Gold
Crow
Mines
Ltd—
1
Sheep Creek Gold Mines Ltd
Stadacona
Steeloy
Teck
Mines
Mining
Sullivan
Cons
Hughes
Thurbols
Mines
Mines
Gold
Feb
1.50 Mar'
"12.17
Jan
400
1.16 Mar
71.50
Feb
300
5.20
Jan
5.80
Jan
5.25
11c
2.00
11c
89c
Feb
19c
Feb
65c
Jan
3,000
f 7c
Feb
13c
Feb
HVacMfir
16c
Jan
34c
9c
13c * :14c
14c
__50
1.12
1.80
-
55c
"59c
8%c
'
37c
14,000 /
1.45 Mar
4,435
^
,/
,
35c
400
5,484
.
Mar
50c
Mar
1.30
1.43
11,800
2.90
2.90
2.90
" M00
2.90 Mar
6%c
6%c 1
8c
3,500
6%c Mar
4%c
5c
4,000
Vinray Malartic Mines
1
'
4'/2C
.
1.15
'3.00
■i 43c
•'
67c
8%c Mar
1,000
^ 1.40
'
2.00 Mar
1.01 Mar
"100
1.85
37c
.
,/
1.12
1.75
'
-
7
1
1
Feb
Mar
2.00 Mar
Ltd—1
Mines
20c
57c
8c
55c
Mar
1,100
4,500
41,100
31c
—
11c
1,000
r
2.00
•
8%c
Ltd
Mines
•/.
1.55 Mar
59c 61%c
Corp
Mines
1.95
400
9c
(1944)'Ltd
Gold
1.200
1.18 :/v
32%c
1
Feb
24 %c Mar
1.80
—
Ltd——1
Ltd—
Jan
1.10
Mar
5.20
__
;
1.18
Mar
1.70
__
1
88c
24c
1.16
5.20
50c ;
Sherritt-Gordon
Feb
1,500
1,000
1.75
1.16
Quebec Yellowknife Gold Mines Ltd—.1
Santiago' Mines
1.05
8,200
88c
24c
1.70
__
;
*
1'
Ltd
1.10
24c
—
*
Quebec Labrador Development—.1,
Quebec Manganese
^—_—
*
Siscoe
1.08
88c
1
1
Mines—
Pen-Rey Gold Mines Ltd
Pickle
1.10
'.— 1
Ltd..
Mining Corp Ltd
Gold
Parnour
Pato
V
Dredging—
New
47
35c
V
325
50
172
4%
1,000
35c
47
Mar
Mar
13Vx Jan
8%
Mar
99c
Mar
4c
Jan
Jan
Jan
»Jan
10c
Jan
•■2.08
Jan
•
-
3.25 Mar
19VaC Jan
9c
-Jan
4.50
Jan
20%c
Jan
,
50c
50
Calgary
Jan
Consolidated Homestead Oil,—
•
^18c
Gaspe OU Ventures Ltd
Home OU Co Ltd
1
'. .1.80
•
6.25
'Mar
'
4
3%
Feb
4%
OU Btoeks—
Feb
Jan
&
cl A—*
35b
35c
44
35c
Mar
45c
Feb
Omnltrans
16
16
21
16
Mar
16%
Feb
Pacalta
16%
17
8,214
•
Jan
69
•
»
..
Jan
23%
:
'
<
*
common
646
j;
Jan
50
10% Mar
15
Jan
18%
Mar
10%
3%.
*
108
Feb
__
r__100
Div Standard
•
46
45%
10%
':
*
j.
Paper
15%
15
com——
Alcohols
.Preferred
78'% Mar
496
2
Ltd
Commercial
Consolidated
560
16%
♦
5%
Ltd
Wines
93%
16
•
Products
Canadian Westinghouse Co
Chateau-Gai
84
16%
1
preferred
Canadian
Canadian
90 %
.*'=
20
Company
Paper Inv Ltd
Candn Power &
•4%
*
Jan
Feb
10
__
Jan
28
113%
67%
—
Corp
Beattie
O'Brien
12,430
4
•
Marconi
•
Feb
4%
•
Ltd—
Invest Ltd
Industries common
Mar
Jan
14
10% Mar
•
pfd-
Mines
Mines
Mines
Feb
•
Gen
Mar
40c
100
Preferred
cum
4% Mar
1
Canada & Dominion Sugar.;
Canada Malting Co Ltd
"
♦
I
cum
■High "
9%
•
B
Pulp & Paper com__*
For
23%
Dome
Madsen
Range Since January 1
Low
British Columbia
-
5
—
1.
Gold
Macdonald
High
200
Claude
Feb
Cournor Mining Co Ltd..
Little
Shares
4%
5%
12%
Explorations Ltd
Lineslrie
for Week
4%
Canadian
25
362
Co
Ltd
Mines
Louvicuun
B__»
Canadian
250
13
Mines
Central
Cortez
Lingman
Sales
of Prices
*
class
Bathurst Power & Paper Co Ltd B
Canadian
50
25%
Feb
43
Jan
Jan
35%
$18,000
Week's
Sale Price
Limited
Products
Canadian
11%
25
,
Jan
25%
22
25
Par
&
Gold
Duquesne
22% Mar
Last
British
11%
12%
Century Mining Corp Ltd
Donalda
Canadian Funds
Works
11%
Mar
36
12%
Cheskirk Mines Ltd
Dulama
25%
Thursday
Steels
Jan
^
Mar
25%
Ltd
Mines
Centremaque Gold
Jan
Montreal Curb Market
Brand
•
*
Ltd
Gold
Cartier-Malartic
Labrador
Fabrics
52
Jan
10
*
Mines
Mines
Buffadison
Lake
Atlas
__
*
Gold
Lake
Bordulac
Jack
Glove
2%
pfd_20
cv
pfd
Ltd
Mining
Bevcourt- Gold
Jan
28%
—
STOCKS—
__
•
Corp Ltd cl A
Yellowknife
Hudson-Rand
notes
__
1
7
BONDS—
3%
Jan
100
1
78
23%
10
Power
Jan
52
Beatrice Red Lake Gold Mines Ltd
Mar
34%
10
52%
52
Beaulieu
69% Mar
"'v/v 30
.95
.a
Metals
Consolidated
98
IlO
Royal
Jan
52
Ltd-
Jan
•19
Mar
5
Mines
Coniaurum
Jan
23
25
___iu
Scotia
Jan
%
pfd_50
God's Lake Gold Mines Ltd
Montreal
43 %
__
Mines
Gold
Arno
Jan
19
10
19
Jan
41
.
Mining Stocks—
Alger
Mar
Banks—
Imperial
Feb
16
__
Akaitcho Yellowknife Gold Mines Ltd_l
18
5% Mar
67
Jan
15%
■
Feb
24 %
•-«
w-
*
Commerce
16%
100
—
Amusement
,14%
Mar
17%
50
y
5%
5%
70
*
1,070
160
Mar
...
18
140
6
,
150
11% Mar
5
68
7
25%
12
120
18
5%
160
515
18
68
5%
Feb
144
13%
•••.'
18
68
1
12%
12
18
25
Jan
Jan
44%
•
6%. preferred
of
Base
100
Feb
54%
Jan
•
common
40c
Feb
17
red pfd—100
Co
United
Jan
21
common
Mar
<u'/2
L—50
Canada
18%
I__*
Ltd
Invest
Ltd
37
100
preferred
15c
739
525
1st
6%
Stores
700
16%
100
Pr
Gas
850
—-
Auto
Canada
Union
21%
10%
•
100
49
435
Ltd
5%
Thrift
39%
93%
Cotton
15c
47
41
Ltd
Jan
21
60
•
Winnipeg ..Electric
dan
17
(Canada)
Ltd
65
38
•
Ltd
Jan
28
15c
__
•
7%
32% Jan
21
--
Acme
(Can)
Southern
39 y4
*
preferred
;
Jan
48%
1
pfd
2nd
Industries
Jan
102%
102% "Feb
part
6%
Rand Service Stdres
18 %
Feb
*
preferred
21
724
Jan
Jan
Mar
•
♦
*
Jan
63
12 %
7%
23
Ltd
28
29
•
Corp
22%
Feb
'3%
2%
cum
51%
45
j.
6%
Mar
•
B
P
.76%
75:
pfd__100
&
Jan
50
com
L
25%
40
*
Tobacco
Montreal
Scotia
Power
63%
50
Brothers
Steel
-22%
Paul Service Stores Ltd—
31%
IOq
Co
•
*
Jan
63
•
7%
2V8 Mar
1st pfd___30
Mills
Jan
31%
25
Power
4,035
^
41
Ltd-
Rice
45
■
24% Mar
25
•
Walker Gooderham & Worts
Weston (George) common
Nova
Royal
Feb
43
715
13
;
&
2%
2%
Paper
22%
-'■24';
1,356
v-;;
102% 102%
*
Standard Chemical common
Steel Co of Canada common
5%
37
176
•
Voting trust
Simpsons Ltd class
Zellers
Nova
6,841
__lbo
Sicks Breweries common
Wilsils
Jan
17%
i-
4% preferred
Williams of Can
14 % %
36%
40%
common
Series A
Wabasso
Mar
1,020
*
164
.
100
Tooke
31
17
of Canada
;
2%
2%
Ltd 6%
Ontario
«
corporation
Mount
Feb
»
pfd
2%
Jan
39%
102
Tuckett
84
20
120
26
164
•
St Lawrence Paper 6%
*
conv
Montreal Refrig & Storage
Moore
16%
40%'
100%
United
Jan
Mar
Mai-
17%
102
Southam
13%
Feb
Distilleries
Minnesota
•■Feb
24
100
Sherwin
76
Jan
909
20%
100
A
19
16
38%
19%
1
Corp Ltd
preferred
49
com
Milling Co Ltd
Massey-Harris Co Ltd 6%%
"120
20%
Saguenay Power 41/4%
Class
Mar
•
!
Lawrence
26
25
*
Melchers
14
31
38%
100
pfd
Feb
36% Mar
__4
Jan
105
•
Transport
5
55
Corp
Jan
225
'
•
common
Ltd
26
40
com
Securities
7%
V
9V2 Mar
3,785
2
16%
Regent Knitting $1.60 pfd
Rolland Paper 4%
pfd_
.
16
881
14%
•
Quebec Power
St
17
31
*
Rwys
Co
Jan
26
40
:
10%
Mar
24
Co
&
9%
26
Leaf
Orange
'4% preferred
Provincial
9
5
•
Development
Bros
450
/r 400
•
common
common
Jan
6% Mar
—
MacLaren Power & Paper Co
"
Tubes_
Penmans -Ltd
Price
9%
5%
"
Power
Jan
1
Publishing Co of Ottawa Ltd_«
Lowney Co Ltd (Walter M)
•
Snuthmont
Page-Hersey
Powell
Jan
17
preferred
Placer
15%
16%
100
Electric
14% Mar
14%
Mines Ltd
L
1,340
84
Works
7% preferred
Ottawa
Ottawa
14%
16%
K)
Mills
Mar
23%
Jan
Feb
5%
*
Car
Flour
Jan
17%
5%
common
Corp
Niagara Wire Weaving
Noranda
Jan
19
13% Mar
9
•
___
Breweries
39
40
600
Journal
Maple
16%
Steel
32%
16% Mar
25
•
Tramways
National
27
50
13%
14%
14%
60
16%
13%
—
29
16%
.3
Locomotive
Feb
Jan
Jan
Massey-Harris
Mitchell
8%
Jan
100
Fraser Companies
52%
MacMillan Export class A
Class B
Montreal
8%
class A
33
•
Montreal
8%
33
Jan
Jan
40%
Feb
20
2,820
»
50
Secord
S)
(Robert)
22%
11%
95c
3o% Mar
10
21%
High
Feb
Mar
33%
345
36
21%
•
Steel Products Ltd
32
5
(J
36
9
55c
Jan
Jan
35
36
•
52%
Lewis Bros Ltd
Mitchell
-275
•
32%
Corp
Oil
38%
Ltd
Investment Foundation 6%
McColl-Frontenac
34
*
Square Corp
-
Ltd
'29
Laura
50
5,700
Dominion Oilcloth & Linoleum Co
•
Power
International
Co
11
70c
Dominion
15
Canaan
common
International
11
65c
Jan
Paper Co
Lew
11
70c
Engineering Works Ltd
Donnacona
Range Since January 1
'
High
♦
Feb
Mar
.t
24
Low
Shares
com—"1
48
12
12
24
Ltd
Ltd
Corp
•
Nickel
International
I_
common
Mills
48%
14
88
25
Bronze
Dominion
13,437
33
88
Aircraft
934
25
32
100
preferred
Internu«ionai
24%
•
preferred
Cub
Textile
Jan
"',V'
Imperial Tobacco of Canada common_5
4%
preferred
25
of Prices
Par
Consolidated
Sales
' for Week
Range
Sale Price
Mar
43%
Week's
Last
SHOCKS—
>
Jan
15%
Feb
"365
46%
High
Feb
13
715
26
46
•
25
Thursday
475
7%
44
44%
•
Imperial Oil Ltd
MARKETS
MARCH
<
Low
14
71/2
ENDED
Range Since January 1
High
14
14
•
Howard Smith Paper common
*$2 preferred
Shares
14
•
WEEK
Monday, March 29, 1948
for Week
Low
•
common
Alabastine__
LISTED
FOR
CHRONICLE
Sales
Range
of Prices
Sale Price
FINANCIAL
16%
Edmonton Corp
Ltd—
*
4.10
~
'
14% Mar
19
Jan
Exploration
Co
Ltd;—
Ltd
Royalite Oil Company Limited
*
8c
*
5c
*
16c
4.10
'
3.75
100
48c
46,500
1.65
^
Oils
7
1.90 —-M.500
6.15
6.30
-4,424
12%c
-
Jan
1.95 Mar
5.25
Feb
6.50
7%c
9c
53,800
7c
5c
5% C.
121,000
(5c
—16 -
16 0
10
Feb
Feb
1.25
16
Mar
Jan
16c
Feb
Mar
9%c
Feb
" Feb
18%
Jan
-
'
Number 4685
167
Volume
THE
COMMERCIAL
CANADIAN
RANGE
for Week
of Prices
Shares
Low
Acadia-Atlantic-class
14%
18%
19%
3,573
37
37
165
*
17
17
35
A
Preferred
___100
100
-•
8
Akaiteho
.
Alger
8
Yellowknlfe
Gold
Aluminium
New
75c
50,300
•
38 %
———_1
Resource*
5%b
———„•
Porcupine
Chi mo
56
45
Mar
20c
Mar
4c
500
5V2c
1
„.
7c
Preferred
:T100
F"b
Arjon Gold
-1
9c
4c
5c
.-Athena 'Mines •
*
Atlas
Aubelle
Mines
Bagamac
Mines
Bankfield
Bank
w
Bank of Nova Scotia
Metals
Citraiam
1
Cockshutt
*
16 %c Feb
Coin
Bathurst
Power
—:
Jan
Colomac
6c
Feb
Beatty
Beaulleu
Bell
Yellowknlfe
Jan
15
25
6V4C Mar
14 % Mar
Jan
9c
Mar
10%
Beattle
2
62c
59c
64c
16,325
85c
Jan
15c
15c
18C
I6V2C
18c
95%
95%
97
1,790
.148
149
39
76c
80c
20
20
26
26
145
11%
11%
5% Mar
67
7%
83
"60c
Jan
15c
Jan
'10c
11
<.
>
^Consumers
6c
Max
11c
4c
Mar
9V2C Jan
Mar
13% Jan
10
Telephone
1
12c'
86,000
8,600
6,200
3.40
3.50
2,700
3.30 Mar
8%cMar
20VaC Jan
13c
Feb
15c
Feb
Mar
15c
1,966
25
25%
Mar
25c
Mar
25
36
36
10
35%
100
34%
Feb
17,220
9c
28
Jan
35%
Mar
Bevcourt
Bobjo
661
Ltd
■
120
37C
37c
44c
10,500
■"250
22c
36,033
18c
MaT
54
54
25
10c
13c
12,900
22C
22c
1,000
50c 5OV2C
2,800
*49c
6,500
4c
British
15%
20%;
20 V2
24%
Forest
Power
class
*
25c
26,100
70
•
99%
28c-
Canadian
Feb
Building Products
Burlington Steel../.—
Feb
Caldep-Bousquet
Jan
'11
Feb
Jari
.
20
,
17c
46,000
7V2C
185
10c
10c
11c
1,500
3.95
Feb
East
East
Gold
Crest
3.95
9C
11
13,500
7c
Mar
21c
Jan
,10c
^llc
1,500
10c
Mar
18c
,Jan
24
125
23% Mar
9%
9%
100
9% Mar
1.15
1.20
1.15
6 %c
Canada
Cement
1
common
•
Canada
•,
Jan
Mar
Canada
Malting
1.60
Jan
5c
Mar
9VsC
Jan
Mar
48c
Feb
-64c
57c
65c
10,400
45c
Mar
82c
Jan
40c
40c
45c
22,100
20c
25
25
25
6
8
1
23%
22%
Mar
.'
10c
,.
Jan
25c
i
Feb
12 %
;
15c
Jan
Feb
8,100
13c
40,150
8c
.Feb
16c
Canada
class
Class
Packers
34c
Mar
65c
Canada
!—//
Permanent
Canada
Mtge__
S S Lines common
Preferred
Canada
Class
i
2-85
6,400
15l
,14%
15%
550
27
27%
50
27
Mar
25
25
25
248 <Feb
46
125
33
33%
180
15%
15%
<00
193 194%
55
193
-Mar
53%
Ford
Feb
Jan
Jan
Feb
100
33
»11% 'Jan
11%
35%"'
Mar
11%
-125
11
55%
36%
233
35
„
-r
■
Canadian
73%
270
70
25%
270
22
Mar
50
6
Mar
40
Feb
15%
16%
.1,050
13%
23
.320
h,
5.
5
150
5
Canadian Car
22
22%
540
22
19
19%
5,025
7
335
Corp
A
23
23
•100
23
Preferred
•*
Canadian
Class
17%
10%
225
17
:
41
Jan
:
'75
/Feb
25% Jan
Mar
195
10
Mar
15%
155
15%
•65
325
»
*.
.-ijjx
10%
Class
'
7%
23
Jan
...25
35
.35
—:-2_•
—^
17
Products
com______100
*
—
Industrial' Alcohol
•
"A*
1
-
"35
15
17 V.„ '17
8%
125
...
5'%.
-•
■
9
165
13%
13%
105
235
!3%;
235
25
11%!'
__<■
Ul%,
12-%
1,010
HVaw
LlVa
11%
-120
Locomotive
Canadian Malartlc
22%
22%
40
76c
79c
2,300
78c
__
Canadian. Oil Coa
5 ric
preferred
Canadian
For
71c
51,400
24
21%
Jan
29c
Feb
Mar,
74c
Jan
5c
5c
7c
25,700
.5c
Mar
12c
Jan
10c
4,200
7c
1,500
5 Vac Mar
/'J 10c
Feb
28c
2,000
26c
Feb
45c
Jan
1.69
1.61
1.73
3,400
2.40
2.15
2.55
7c
54,650
8 Ve
16 Va
59c
70c
16c
16%
:16
16
Gair
1
Co
Gatflneau
Power
Pacific
11'
footnotes
Railway.—^23,
see
page 44.
74c
Jan
16,850
45c
55c
Mar
12,000
12c
Mar
-25c-. Jan
Mar
,12%
Jan
9,080
2.40 Mar
4.55
Jan
1,125
3.60 Mar
4.55
2.80
3.10
3.70
3.75
.
15%
16
40
4%
-<Jan
Jan
4%
Jan
6c
Jan
9
Feb
5c
200
Jan
18
3% Mar
3,000
•
'5%
Jan
7% Feb
7% Mar.
8%
Jan
3
10
2 V2
525
2 Vb Mar
3 % -Feb
3%
3%
35
3% Mar
4%
14
14
48
22%
23%
1,400
21
Jan
23%
Feb
10c IOV2C
3,000
10c
Jan
15c
Jan
8
2%
:
—
22%
*
•
1.65
100
90
1.85
90
105
Jan
2.29
100
preferred
101
100
Jan
Feb
20
Jan
101 102%
50
101
Feb
108
Jan
10
108
Mar
III
Jan
I,500
18%
18%
18%
40
*
2%
2%
2%
*
Mfg class A
16
16
16
56%
34%
•17
:
50
16
14
14V4
14%
14%
40
f
4.10
3.70
4.20
23,191
1
9c
9c
10c
8,000
8c
57c
57c
60c
II,500
50c
Mar
58c
57c
62c
31,400
48c
Mar
God's
1
Lake
Gold
-•
>
•
Jan
Goldale
Mines
1
—1
8
4'
Mar
13% Mar
99%i
13%
Jan
Jan
Feb
_
Jan
78c
.1.09 Jan
12 %c
12%Cl2%C
2.000
12% Mar
6,600
10c
Mar
4c
Jan
Golden
Jan
Jan
(Qoldhawk
11c
4c
5c
1
10c
10c
lie
-1
2.25
•2.20
2.30
9,300
-*
Golden Manitou Mines
10c
4c
9c
'8V2C
9V2C
10,000
8c
Mar
4VgC
6c
10,700
3c
Mar
3,500
-5,200
10c
17 %c Jan
.
Jan
16c
•;.c
Feb
7%c
Jan
,65
Eagle Mines
Arrow
Mines
—
Porcupine
Mines
Goldvue
Mines
Jan
Jan
11% Jan
15%
—1
—
Jan
14c
Jan
2.65
1.95 Mar'
/
Feb
16c
Jan
9c
Jan
Mar
36%
25%
Goodfish
—1
1
Mining
Gordon
:—
Mackay class A
Grandoro
10
Mar
13%
Jan
11 Vs Mar
12%
15c
9,000
4V2C
4%c
1.000
108
.85
10
*
10
100
10c
Mar
2 VaC Mar
101
/'Feb
10
Mar
2,000
13% Mar
•
16%
16%
17%
3,440
15% Mar
•
40 %
40%
41
260
11
11
11
255
0
6
6
10
-*
Great Lakes Paper common
Class
A preferred
Mar
14 %c
.107
__
-4V2C
*
4
4
25
13V4c 13 %c
*
Feb
Jan
220:
Mines
25%c
Jan
-*4%c Mar
108
,
Jan
10%
Jan
15c
Mar
Jan
19
Feb
'260
'21
Mar
70c
Mar
11
30
88c
Jan
Feb
11%
315
Mar
15
Jan
99 ta
99%
25
'99% Mar
100
Feb
13
13%
9,060
12% Mar
i-
14c
Mar
1
Gold
17
<
Jan
6.10
2.90 Mar
Jan
Jan
16%
Feb
f
Lake
13%
fob
17
Mar
'General Steel Wares common—
21
Feb
Mar
3Va
2% Mar
'Giant Yellowknlfe Gold Mines
Gillies
Feb
,..94
Mar
90
Jan
15
Feb
1.30 Mar
2,500
90
13%
108% 108%
I8V2
common
preferred
5%%
Feb
••47%
Mar
34
560
6c
7 %
.5c
1.30
15% Mar
830
":4:;
Mar
.10
710
38
7%-
Exploration ————•
preferred
Jan
111,700
3.00.
..A-
Gold
Frobisher
Jan
19%
/Mar
59c
—3.75'
•
15 %
.1
40
6c
Jan
9%
68c 74 %c
51c
40
4%
'
Feb
3.50
1.60 Mar
,6%Mar
85
10
1
2.08
1.57 Mar
380
8%
7%
10
25
*
Canada tlass
Of
Francoeur
1
Jan
33c
Mar
10c
6c
-*
25%
Feb
Feb
28c
16c
—
Jan
*
100
——
1.10
Mar
17c
14 %c
—
Goodyear Tire common
B
Canadian
64c
12% Mar
28c
1
com—
Great
'.
Jan
Feb
Jan
'
.
21 %
-11
.51c
100
Goldora
60
Canadian." General Electric _________50
Canadian
-
Jan
19% Mar
30
230
•
15%
65
;—
Food
A
Jan
26 %
17,400
'Goldcrest Gold
common.
Dredge
Canadian
^
18%
33,050
,1
:
—
Kirkland
Products
v--V
i
Feb
21% Mar
21c
..^.^1'
General
Mar
Celanese commonii.i.^
Mar
35c
20
—
Jan
'16% MaT
-
,19%;
L
Class A
r«Canadian
20
11 Va
1
Mines
14
17% Mar
17%
—26
Jan
8 % Mar
20c
10c
Bakeries
Feb
'..,,•.17
:•
20
11%
1
Mines
General
Mar
22
common
1st preferred
Convertible preferred
28
'42
„
32c
1
Gold
Jan
1
;
1,022
Jan
20c
•
201%
21% Mar
10
*
23%
Feb
9%
♦
■,
Mines
Jan
Jan
22
17'
Breweries
Canadian Canners
Feb
35c
-
,
Mines
18
Feb
73
-
"
:37% Jan
15% MaT
«
—
8
*
-
,,
Globe Oil
Canadian Bank of Commerce
100
Jan
27
r
73%!
Canadian Bakeries
Jan
8
Jan
23% Mar
—1
•Preferred
Jan
25%
9V2 Mar
°
28%
■28%
•
44 Va Mar
210
A
___
25
.22
70 c
"Fittings Ltd rcommon'
'/lieet"Mfg & Aircraft—.•:
Fleury^Bissell common
*,
3.00 Mar
14% Mar
9%
50
class
*
135
'
Jan
65c
'
Jan
Jan
4.65
:Mar
_»
_,
Wire & Cable
B
19%
7
„
*
—;
class
Gold
Federal
Jan
3.65 Feb
9%
A
J.
B
64c
20%
Feb
—1
Ltd
/Fibre Products com
Mar
4,200
.
16%
42
—
100
1
-
Federal Grain
Jan
43c
44%
40c .Mar
7
16%-
23.50
new
Pslconbrldge Nickel
Famous Players
*
Fanny Farmer Candy Shops
V..: 30% Jan
10%'Mar
4.25
.
-
40 %c Mar
23^21%
25
Mines
Sol
Eureka
15 %c Feb
11 %c Mar
*
Power
18 •7
41
__
50
Jan
lie
*
...
Canada Northern
1.07 Mar
25c
1,000
7,555
pfd
•Equitable Life-Ins—
Jan
2.40
"
El
Jan
99c
,
Paper
Eldona
Mar
37c
Sullivan
Elder
25 %c Mar
Mar.
28%
Eddy
2% - Jan '
•
'41c
Foundries-class A.
Jan
9,100
21
Eastern Steel
26 V2
<
1.50 Mar
-2.60
'
Jan
II
15,300
6c '6%c
*
Chemical pfd
Mines
Malartic
East
•
2.60,
20
26%
29c
—
Inv
Oil
Jan
100
25
:
—
Preferred
Jan
'26C
t
Campbell Red Lake
1.00
29c
•
nn
Jan
4
99% Mar
6c
East
13c.
Flon—
9C
10
Amphl Mines
<
13 %
Feb!
16c
Jan
41 ci
Oils
Mar
20 %
Duvay Gold Mines
Jan
99
2 Va Mar
,
Mar
50c
Jan
23%
24% J«n
190
12
10c
12,200
20%
Duquesne Mining Go
Jan
25
/
'-Mar
40c
30%
__—
Calgary & Edmonton.
3
2,700
-130
Jan
7,100
75c
2,625
Donalda Mines
Mar
I6V4
11% Mar
3,700
11%
Jan
14c
lie
,65c
Jan
6c
-Ma^
22,400
'.114c,
Jan
90c
15,415
Dominion Steel & Coal class B
Textile
59c
_i.
30c
Mar
—*
Magnesium
Tar &
-91
2,100
Feb
Mar
55c
20
common
Scottish
Dominion
1.96
12c
•4%
/19c
2,400
•
■
450
Foundry & Steel
Dominion
/Dominion
Mar
50c
9-%c-
Buffalo Red. Laka Mines.
Flin
Dairies
55c
28c
.•
1.80
4% Mar
300
2,200
■
.
40 %C
.
Mar
T.70
-59c.
,_
28c'
70c
1
Stores
31c
■
23c
43c
Bank
'Dominion
'
20c
100
4%
.19C
6OV2C
2
Ltd__^
Dominion
Feb
100
21&
Ankerlte
Calmont
Dominion
Jan,
;
•55
&c -Mar
.
Jan
Jan
Jan
28c
■
15% Mar
.200
Feb
ilOc
Mining
Dome >Mines
Jan
-.'60c
,
Jan
1,000
1.09
23
27%
1
—
Yellowknlfe
Feb
20
26
Jan
Jan
23%
2%
Mar
25
7,400
70c
1
Seagrams
17c
100
2Va
Mar
20
10
Jan
1
29c
905
25%
25%
*
—t,J—.
Buffadison Gold
"Calllnan
Discovery
•Diversified
Jan
5%
8.65 Mar
550
'10c
1
Dickenson Red Lake
Janr
€5c
,v.
!
Mar
17
790
70c
25
Feb
154
Mar
>
24
Lake
Jan
169
Mar
1,500
3%
11%
145
•
:
Nickel Mines
Red
Mar
21
11 %
preferred——.x.__100
Broulan Porcupine .—1
Buffalo
Detta
19c"
20
Jan
101
*
k
10c
5V4C
3%
3%
Rubber
Buffalo
54
24V2
91
Jan
21 %c
1
____—____—
Jan
25c
4% Mar
525
91
A____«
1.
Dominion jOlL^
British,
B
East Leduc
91'
Products
A__
1
B
British
72c
MaT
15%
5c'
"
60%c
1
Petroleum
Dulama
15 %i
21c
Feb
..Jan
41
Mar
33c
7,086
.
"
160
1,110
20
tpfd-—. 100-
Packers
Columbia
Class
common.:——•
"Electric
Columbia
British
9.25
17 %
-1
Columbia
British
8.65
19
preferred.——_———25 :
Columbia
4c
9.25
Lake
conv-
British
4c
Mar
91% Mar
•
Dominion
4c
American. Oil
3%%
22
Mar
19c
50c
■i;V—
1
Delnite Mines
12%c Jan
Mar
1,500
.
<
British
•9c
4%
12C
15c
13c
"
•4%
—1
——
-
Leather; .class
Davis
Class
Jan
Mar
4%
—-1
—
*
Mines
Patricia
Dominion
Pershing
-BrewisRed
27c
161
'
•
*
iD'Aragon Mines
Feb
38%
■38% Feb
40c
■
2,000
53,100
Jan
37%
v
Mar
160
-
50
Brazilian Traction Light & Pwr com__#
Brewers & Distillers
5
■
35,400
17
37c
,__1
Braiorne Mines Ltd
;
12c
40c
Mines
Boycon
!
55
Gold—1,
Bordulac
<
25,300
40
161
Goto
preferred
Mines
Sonetal
38c
10c
"
Gold,.
Ribbon
34 %c
76c
*
——
common
Aircraft
Cub
Distillers
-100
I
Bldgood Klrkiand
Blue
205
40
—.*1
*.
—
Bertram & Sons class B__,
,
19%
100
Pershing
(Crowshore
Feb
8c
Feb
35%
17%
Mar
Jan
5c
335
5
Imperial Mills
Crestaurum
Feb
15c
6,500
*
(Craig Bit common
||
74.00* Jan
9c
8c
"20 c
-
Berens .River
,
Cosmos
Croinor
21c
6%c
55c
Jan
9%c
..
Oil
Gas
Exploration
Corrugated Paper Box
"I
."I6V4C Jan
8c
5c
1
Homestead
<Conwest
*■
Mar
18c
12 %c
Cadillac
Central
Consolidated
-'Consolidated Mining & Smelting
13 % Ja n
Mar
6c
4,500
12 Vac
Mines
Jan
38c
Consol
Jan
Feb
33,600
9c
Jan
Mar
35c
25
7%c
0%c
Feb
14%
5C
_1
Jan
7%c
15
11c 14 %c
.
27c
*
Mar
35c
Mar
Mar
5c
Bakeries
Mar
1
3,100
Consolidated
6c
—/•
1,500
5%C
Jan
Jan
Jan
16
20c
5c
5c
2.45
11%
Feb
Jan
: '
Davies
Brothers
•
Feb
10
36c
5,100
Bear Exploration & Radium
<
3c
1.76 Mar
255
.1.00
15c-
—♦
Jan
18,550
10%
18c
,20c
1
19%
5,000
2.12
1.91
10%
Mar
Mar
1,715
class. A———
1.91
Feb
17
200
3%c
3%c
3%c
10%
1
'
Yellowknlfe
17%
Jan
3.00 Mar
Mar
1,500
—
Plow
Lake
2.12
1
Malartlc
Denison
Mining
17
8%c
30c
34c
16,000
V
17
*
Mar
Mar
74c
8c
10
Knitting class A
4c
2.24 Mar
15c
100
21c
/——10
2,500
1,950
6V2C
..
Bank of Toronto
Base
Bar
Cochenour Willans
Jan
1
'
12,508
22c
34c
8c
10
11,000
2.70
20c
75c
18 %c
_i
6c
2.25
22c
Jan
Consolidated
6%'
7V4c
—-l
4 Vac
2.38
Mines
Gold
Feb
•65c
34c
10%
—
Mar
74c
6c
.1
.
Consolidated
30c
34c
10%
Montreal
of
1,600
74c
10
—————1/:
—
Jan
8%
*
100
Aumaque Gold Mines^——1
Aunor Gold
1
Mar /V
7c
*
40c
>
33c
Jan
13
7% Mar
33c
.16c
11% Mar
100
Conlaurum Mines
6c
*¥ellowknife_
705
Commoil
;•
r_
3,000
7%
Jan
Jan
.-.--..21
■
9c
11%
8c
Jan
33c
31c
-'-19c
,J1
—-—„
-
Atlas Steel
1.40
Mar
7%
Jan
9%c Jan
69%
---1
1.05 Mar
13c
11%
Mar
-"
Feb
-<(kv
Ashley Gold &
1.35
Feb
♦
1
»■
Mar
38c
Mar
'
«Astoria« Quebec-
6,800
45
Feb
8c
.
3,550
16c
1.20
9%c Mar
40c
rl i
'Ashdown Hardware class A-^———10 y
1.28
15c
225
-
1.35 Mar
1,000
69%
Warrants
1.20
Jan
2.65 Jan
3,000
7%c
°'6'<
:
1,600
25
9,500
5%C,<
7c
1.26
High
•
Mar
1.50 Mar
Jan
195
5,100
1.21
24
*
common
;
Chesterville
50
10c 10 %c
common
.'Armistice
Cheskirk
Jan
175
1
i
,.
Corp
Jan
Jan
33% Mar
9,550
700
Mines
8%
13c
6,500
1.75
1.60
1
Mines
55
1.50
Research
87 Vac
45
1.65
.
Low
24
1
Gold
Range Since January 1
High
Mar
Feb
25c
4c
1,05
Steel
(Preferred
Mar
65c
2,485
9 % C' 11V2 C
-11%*;
-•
—
Area Mines
lArgus
101
3%c Mar
45
22c
Shares
1
Centremaque Gold
Chatco
Mar
'
Yellowknlfe—
Cons
Jan
19
Feb
22c
—*
Ansley Gold
Aquarius
42%
218 222 %
______
Anglo Canadian Oil
Apex
37% Mar
Patricia
Circle
common
,
20 Va
Jan
7%
1,300
4 %C
Amalgamated Larder Mlnes_;;__^i____l
American
17% Mar
35 %
215
71c
3'/2C
common——
for Week
24
Porcupine
Chemical
1
common:
Ltd
Range
of Prices
1
Central
:.17% Jan
16% Mar
A_
—
Central
High
.
12% Mar
98
1
Mines
Steel
Aigoma
2,634
100
Agnew-Surpass
i
'Low
13%
19
_
class
Castle-Trethewey
Range Since January 1
>
Wirebound
Gold
Cariboo
High
.14%
_—20
preferred
preferred
$2.50
*
20
Canadian
Sales
Week's
Last
v
Sale Price
STOCKS—
Sales
Range
Sale Price
Power & Paper common
$1.50
MARKETS
Low
Week's
41
ENDED MARCH 25
Exchange
Last
Abitibi
(1397)
Funds
Thursday
STOCKS—
LISTED
WEEK
FOR
CHRONICLE
Thursday
Toronto Stock
Canadian
FINANCIAL
&
15 V*
Jan
West
Coal
'Great
West
Felt
Greening
Wire
Guayana
*
common
Mines
'Gunnar
Gold
Gypsum. Lime A Alabastine
1
—
44
12
Jan
6
Mar
6
4
Mar
Mar
'
5
Jan
14%
60c
69c
5,300
60c
Mar
88c
Feb
31c
69c
1
*
Jan
Jan
10% Mar
l40 %
33c
3.100
24c
Jan
37c
Mai
13%
14%
1,230
13% Mar
16
Jan
,
:
&
THE COMMERCIAL
(1398)
Last
Low
Par
Hallnor
Hamilton
Mar
32c
Jan
Jan
12c
Jan
Mar
8c
Jan
3.60 Mar
7%
6%
7%
225
6% Mar
*
14 %
14%
14%
15
l
16c
14c
20c
57,470
10
775
8c
8%c
6,000
8c
6 '/'a
1,500
5c
____—
8 %b
-1
Gold
6%c
„1
Mines.
Gold
c
Pa
National
Steel
9% Mar
New
Calumet
Range Since January 1
High
Low
High
19
20%
710
18Mar
22%
2.13
2.12
2.24
10,850
1.91 Mar
2.99
New
Marlon
New
3%c
New
5,200
75c
Mar
22 VaC
Oils
70c
Mar
95c
Feb
Nib
1,655
1
15,000
10c
Jan
16c
Jan
20c
Mar
31c
15c
Feb
28c
Jan
22c
25c
10,225
22c
Mar;
25c
Mar
26
5,500
28c
Mar
46c
Jan
4c
Mar
70c
60C
70c
3,700
55c
Mar
95c
Jan
Noranda Mines
1
13%
13%
160
11 %c
10 Vac
12c
28,200
iOc
Mar
55c
55c
1,000
50c
Jan
5c
5%c
5V»c
500
1.10
1.07
1.10
900
46%
44%
47
2,875
15c
5,400
___.
--
:
——
Hendershot Paper com.;.
Heva Gold
—*
1
Mines
Highland-Bell
1
Highridge Mining
Highwood Sarcee
*
*
7c
10c
1,000
*
19%
17
19%
Hollinger Consolidated Gold Mines—5
10 Vis
10
10%
2,590
*
6.25
6.15
6.35
11,545
1
5 VaC
5J/aC
6c
3,500
29c
27 Vac
32c
28,500
22c
22c
22c
2,600
46
45
45 Va
605
2%c
2 %C
2 Va C
2,500
Home
Dauch
Oil
Homer
Yellowknife
I
Hosco Gold Mines
Howey Gold
Hudson Bay Mining &
Smelting.
Hugh Malartic
Hunts
class
:
81
A
10
24%
14%
Indian
5 %C
Bank
Lake
Gold
5.35
Jan
Mar
9c
Feb
40c
32c
Jan
5c
21c
43 %
Jan
48
Feb
2%c
•
Jan
3%c
Jan
10%
Jan
O'Brien
Gold
Coal
Coke____
&
Okalta
Jan
4c
Mar
1.68
1.80
8,500
6c
30,500
6c
4,500
3 Vac Mar.
42c
42c
44c
4.280
40c
Jan
55c
Jan
21 %C
25c
8,000
21c
Mar
32c
Jan
3%c
3 %c
'3 %C
1,000
3c
Mar
4Vac
Feb
1.60
1.73
13,800
1.40 Mar
2.20
Mines
Mines—
—
1.50 Mar
5c
Jan
Omega Gold
16%
Jan
Omnitrans
14%
Jan
Ontario
Feb
25 %
Jan
24%
6,000
5c
7
115
7
9
283
8%
35c
5,300
30c
20
___.
7c
Feb
Jan
Orenada
9
Feb
Orlac
55c
Jan
Osisko
39c
Jan
15c
15c
10c
Mar
15c
4c
4,044
4c
Mar
7VaC Jan
9c
45,000
7c
Mar
4c
3%
10
3%'
131% 131 %
Pacalta
Oils
6%
7>/a
570
5 Vac
9c
7.000
12c
15c
9,350
6
Mar
10%
Jan
5c
Mar
10%c
Feb
11c
'
Jan
18.Vac
60c
57c
64c
51,000
50c
Mar
47c
53c
61,100
45c
Mar
26%
26
26%
835
25% Mar
30 Va
Feb
99%
99%
5
98 % Mar
102%
Jan
Exchange
32%
32
32%
4,313
29% Mar
34 %
Jan
Ltd
•
13%
12%
13%
20,970
11
Mar
15%
Jan
for
1
50c
46c 51 %c
49,500
40c
Mar
59c
Feb
<•
Mar
Page Hershey
Mar
Pamour Porcupine Mines Ltd.
1.20
Paramaque
5%c
4c
4c
Co
common
G<ld
Mines
Jason
Joliet
Co
old
4
4%c
1
3,500
4%c
Jan
2%c
1,716
2%c
Feb
3c
18°©-
14c 14 VaC
11,800
13c
Feb
l
40C
40c
41c
11,350
35c
Mar
58c
Feb
1
Mines
32c
30c
36c
7,200
25c
Mar
52c
Jan
1
Mines
5c
2%c
5c
7c
Ltd
Quebec Mines
14 VaC
5c
5c
1,500
5c
Mar
8c
New
Pacalta
exchange 1
shares
Oils
Gold
1
18Vac
18c
20c
35,775
16c
Mar
33c
Jan
Gold
1
29c
20c
30c
14,600
16c
Mar
50c
Jan
15
Jan
Kayrand
Mining
Kerr-Addison
Pacific
(Eastern)
4%c
4%c
4%c
500
Petroleum
88c
88c
95c
2,290
31%
31%
31%
125
1.16
1.27
8,280
5 %c
5 VaC
500
5c
4c
500
3V»c
Parbec
Tubes
Mines
Malartic
Malartic
1
v -
■
13%
1
x
Kirkland
Golden
13%
13%
13 Va Mar
1,365
14c
—
14c
15c
25,750
14c
Mar
22c
45c
45c
1.000
45c
Mar
55c
Feb
Kirkland
Lake
1.52
1.59
23
1.52
23
1.78
1.41 Mar
9,900
Jan
81c
Jan
Mar
1.21
Jan
Feb
32%
Jan
1.15 Mar
1.55
Jan
28
500
Labatt (John) Ltd
i
*
:
Labrador Mining & Exploration
Laguerre Gold Mines
Lake Dufault
23
5.00
4c
1
42 %c
5.20
8,000
46c
14,400
42c
2
10c
10c
Jan
7.75
Jan
6Vac
3%c Mar
Jan
38c
Mar
58c
Jan
10c
600
Mar
15c
Jan
,__l
13
12 Va
13
2,330
12 %
il
54c
50c
54c
9,750
43c
_
25
Mar
4.10 Mar
3,150
4Vac
1
v,—
23
50
,
3%c
5.10
1
.
Lake Wasa Mining
v:.w.
__1
Mines
Lake Rowan (1945)
%,/Lake Shore Mines
Paymaster Cons Mines.
Pen-Rey Gold Mines__.
People's Cr Sec
Piccadilly
Feb
8c
Feb
5 Vac Mar
2c
Mar
3c
Jan
40c
42c
11 Vac
8,531
35c
Mar
46c
Jan
17c
50,600
10c
Mar
20c
Feb
5%
39c
13c
;___
10
5%
70C
72c
1,700
8%C 12 VaC
70c
5'A Mar
63,691
68c
14% Mar
Jan
70c'
Mar
Jan
3.00
Jan
•
2.60
2.50
2.60
600
2.50 Mar
•
16%
16%
16%
30
16 % Mar
i
5c
5c
5c
500
4%c Mar
Porcupine
10c
__
Lapaska Mines
1
6c
6c
6%C
9,050
5%c Mar
11c
Jan
Larder
l
5c
5c
5%c
2,800
Mar
8c
Jan
13
14
395
Mar
17%
<
'
■
.
"U"
Laura
^
Sec or d
•V
:■>
20
Jan
.
Mines
Candy
•
14
3
>
4c
12
Lebei Oro Mines
1
3c
1,500
3c
Jan
Leduc-West
•
64c
60c
64c
l',700
60c
Mar
1
1.20
1.18
1.23
9c
9c
10c
37c
36c
40c
Oil
Leitch Gold Mines, Ltd
Lexindin Gold
___l
:
82c
Feb
16%c
8%cMar
1.95
1.92
2.05
2.83
2.83
3.00
800
15c
15c
15c
1,000
14c
Feb
Mar
49c
48c 49 Vac
4,500
38c
Mar
Porcupine
Peninsular
Porcupine
Reef
Powell
3c
......
1,600
9c
4V4C Jan
78c
1.25
1.10 Mar
1,000
^
Jan
14c
Mar
Jan
Jan
Jan
Gold-
River
Gold
East
39
55c
55c
200
50c
Mar
83c
50c
58c
2,500
50c
Mar
72c
Feb
13
80
Feb
15
Jan
4
Feb":
12%
Jan
2.10
Jan
200
3,220
50
37c
500
30c
Mar
45c
56c
66c
31,600
55c
Mar
90c
60c
65c
11,100
52c
Mar
89c
Feb
70c
•37c
61c
_
■
70c
Queenston Gold Mines
72c
1,426
61c
Mar
86c
Jan
9,725
10'A Mar
14%
Jan
11%
Macdonald
Gold
13 Va
1.50
12%
Quemont Mining
ftegcourt
12
1.68
52%
37c
—
•—
__.
1.50
class
A.____
8,200
7%
—
1.55 Mar
51
500
7c
6c
6c
Textiles
10%
Jan
52 Va
12
preferred—
11
,1.63
1.66
Mills
Labrador
Renfrew
Jan
37%
Quebec Manitou
Reeves
Jan
41%
Feb
Jan
56c
v
13
Dome
Quebec Gold
Quebec
37
380
Jan
Jan
25c
50c
Metals
Flour
Purity
2.30
3.50
2.83 Mar
55c
—
Voting trust certificates
Power
Corp
Preston
1.85 Mar
5.500
39
Powell Rouyn
7%c Jan
^
„
5% Mar
Mar
Pickle Crow Gold Mines.
Pressed
[■{•La Luz Mine§
Lang & Sons.
Lapa Cadillac.
7%
Jan
1.02
54'A Mar
Feb
Feb
1.50 Mar
Feb
9c
Jan
7% Mar
8%
Feb
17c
Feb
28c'
6c
25
Mar
'
Lingman Lake Gold Mines
Little Long Lac Gold Mines Lta
•
1.04
1.00
1.08
Loblaw
*
26 V8
26 Va
27
.'V
Groceterias class
1
A
Class B
♦
25
-
24%
86c
26
1.50
Mar
505
Mar
24% Mar
11,050
r
,
59c
29 %c Mar
38,100
31
29
Feb
Jan
Jan
Jan
25
340
57c
55c
62c
73,400
40c
Mar
15c
15c
16c
4.700
15c
Jan
18c
Feb
9%c
10c
2,000
7Vtc
Jan
11 Vac
Feb
2.55
2.65.
2,325
Richmac
Gold
Riverside
Silk
Lunward
Lynx
-
Goldfields.
Gold
Yellowknife
Macassa
>i:
Mines
1
MacDonald Mines
—
'
2.55
MacLeod-Cockshutt
Gold
77c
84c
29,060
9%c
8%c
9 Vac
8,500
8%c Mar
1
Mines
-80c
1
:
1.00 Mar
53c
Jan
3.00 Jan
2.40 Mar
~
1
Macfie Red Lake
1.46
1.95
Mar
12c
Jan
Jan
Madsen Red Lake Gold Mines
!
8
Mar
9
Feb
5c
Mar
8c
Jan
Mar
15c
Feb
26c
29c
4,100
25 %c Mar
49c
Jan
23%
23%
24%
660
23% Mar
Roybar Chibougamau
12c
10c
12C
5,500
5c
Rupununi
14c
13c
20c
114,900
5c
14
14%
Roxana
1.51
Feb
Russell
IOV4
Jan
St
5%
5%
5%
680
4% Mar
7%
2.72
2.72
2.80
23c
22c
23c
4,620
1.71
1.78
7,350
2c
lie
,
2 %c
11c
40c
Mar
Gold
Oils
Co
29c
Mines
>
2c
•
16%
20
Mc Lei lan
Red
13c
16%
25 %
*
10%
——
_________100
> / ~r"
6,100
10c
Gold
3c
Mar
*
Scarfe
Senator Rouyn
Feb
34
Mar
4.15
v
Jan
6c
Jan
1.599
16
Mar
24
Mar
25
25%
465
10%
10%
2,641
93
93
25
;;
9% Mar
90
Feb
Ltd
class
4.05
4.20
6.050
5 VaC
6c
15,000
5 Vac Mar
12c
12c
2,100
97/»c Mar
17c
Jan
16 V,
Jan
:
115
45c
37,100
21
20%
21%
400
20%
175
Brewery? "A" _'
Creek Gold
;
28%
Jan
Sherritt-Gordon Gold Mines—
13%
Jan
Sicks'
Jan
10%
10%
25
1.02
1.12
16,000
^
61%
390
48c
52c
4,400
2%c
•
McMarmac Red Lake Gold——?
61%
-
*
_T
12c
___■
2 Vac
2%c
:
12c
Breweries
66
75c
Mar
.5
Milton
75c
75c
500
6 %c
Mid-Continent Oil-
75c
6c
7c
12,000
Brick
1%
Mining Corp
7.00
Bilverwood
Mar
75c
Mar
5%c Mar
11c
Jan
3
2
1,487
1.85
7,10
2,465
6.10 Mar
'11
11
18%
18%
18%
6
Class A
ll
Modern
Tool
Monarch
Works
Knitting
■>.—
com.
6
8
14
200
30c 31 Vac
3,350
—
14
'
Feb
7.85
11% Mar
15 Va
Jan
IJO
11% Mar
14%
Jan
30c
Porcupine
i>
Jan
Preferred
Slscoe
:
-
75
18
Mar
19%
Jan
.—
National
Grocers
__*■
com
Preferred
National
For
Sewer
.___
6
Mar
6%
Jan
Stadaoona
14
Mar
15%
39c
Jan
Pipe class A__^
footnotes
28c
Mar
14
Mar
66 %
69
300
65
Feb
20c
25c
31,216
18c
Jan
10%
10%
/130
10 % Mar
see
page 44.
13%
14%
27%
27%
■*
25 Va
25 Va
27
__
Feb
48c
Mar
14,000
291
10% Mar
80
9% Mar
25
570
19
96%
•
•'
16%
Jan
71
Jan
37c
i
Jan
'12%
11%
Jan
m
Jan
24
Mar
27
Jan
636
18
Mar
22%
Jan
97
110
96
Mar
101 %
Jan
Slater
Co
(N)
380
40c
27 %c
2^0
1,700
25
26
1.29
1.25
1.30
55c
59c
25
3,833
6
Mar
26c
■-
3,200
55c
625
655
47c
Mar
34c
4.500
28c
common——:
Mines
(1944)
2
4
5%
*
91
39c
Mar
Mar
11% Jan
100
13% Mar
16
Jan
150'
27% Mar
28 %
Jan
138
25 V8 Mar
34
Jan
Standard Paving com
Preferred
5%
—
18
18%
Starratt Olsen
Steel
Co
of
Gold-:
Canada
—
common
65c
70c
9,150
•
68
69
Preferred
Steeloy Mining
—
__—;
Steep Rock Iron Mines
______
85
25
8 Vac
74
75
9%c
3,000
2J04
1.88
2.10
9,150
91
8
Mar
4%
Feb
17% Mar
Mar
60c
67
72
25
Vac
75
*
1
Mar
5V4 Mar
105
1
1.18 Mar
550
100
■
49c
20
% 5
*
4
91
*
Preferred
'
27%
,.,700
•
28
Jan
Jan
Jan
Jan
335
20
25c
32c
9%
24%
97
10
Springer Sturgeon
125
14%
_5
38%c Mar
10%
40c
Jan
14%
21c
Mylamaque Mines
National Drug preferred
8,200
8.50 Feb
Jan
29c
24%
Gold
14 Va
69
Moore Corp common
40c
7.20
855
9%
Class B
Mar
,
14 %
-
7.50
10%
;
Standard Chemical com
Moneta
50,040
38 %C
__4
11
25.
1
Montreal Locomotive
ian
235
12%
Jan
75c
1%
com.
3.15
1.43 Mar
1.87
13%
29c
4
Dairies class A.
Class B
Bladen Malartic Mines
Modern Containers
Jan
1.70
18%
Silver Miller Mines.
Jan
6.50
•
Jan
1.15
11%
40c
__—
Feb
•v
Explor
Jan
10%
;
13%
7.50
Simpson's Ltd class A
Mentor
47
Feb
Mai-
Jan
Jan
3 Vac
Jan
1.80
Mines (Quebec)—
Silanco Mining
29c
Feb
Feb
22
Feb
12%
—
.18c
12c
2,500
67 Vac
13%
;•
common..
V T C__—
Mar
2%c
22,500
v
Jan
10
98c
Feb
Jan
v
HVaC Mar
500
14V»c 17%c
■11 Vac'
56%
46%c Mar
■
•
Mar
38c
Jan
98
44%
1.06
50
18%
'
44'A Mar '
45
45
10%
10
._;
Wpg
4.35
14% Mar
16
41c
Jan
40
Feb
14%
Ltd
Preferred
Shea's
3.80
43c
A
Shawinigan Water <fc Power
Sheep
17%
49c
—ii,.
Jan
14% Mar
13
150
12c
Mines
Gold
Jan
31c
Mar
2,200
61%
r*___!
Lake
McWatters Gold
Mar
1,195
Sigma
McKenzle
16c
23c
36
.50
Mines
Jan
14%» Jan
Mar
5 Vac
Sannorm
Gold
3c
Jan
11
River
Sand
Feb
"
Mclntyre Porcupine Mines
Jan
Jan
Mar4'
35%
14%
common.
Corp A pfd__.
Antonio
Jan
jf
.
'/■
25%
5 VaC
Industries
Lawrence
1.95
1.60 Mar
25
4c
4c
20c
4,000
11
3.15
2.70 Mar
5,300
11
common
common
Jan
Milling.
;»____
1
Lac!
Royal Bank
Feb
Gold
Preferred
Fv-.v
9c
9
1.73
Preferred
Mar
3,000
510
2ViC
-
Jan
45
9c
28,350
Martin-McNeely
,
33
Feb
9c
Rochette
9%
1
j McColl-Frontenac
Jan
44
350
1.17
1
common
30
10
1,500
9Vt
i
Massey-Harris
10
45
9
1.05
•
Marcus
30
__
5%c
9%
Malartic Gold Fields
Leaf
30
45
30
8
1.16
Manitoba & Eastern
Maple
Feb
5,400
5c
(Little
Long
•
Magnet Consol
.
A_.
19c
9
San
r
class
17c
17c
5c
Roche
*
MacMillan Export class A
Class B
< 1936)
Robertson Mfg common
Robinson
Louvicourt
f
~
Mar
Pioneer Gold
'
:
4%c
Jan
45c
Gate.
Kirkland-Hudson
,
2c
2c
__
Perron Gold
Mtf:
Feb
Co
share
new
1
Jan
Kelwren
Renville
^
llc
Ltd—
for
(basis of
Partanen
'
Jan
;Feb
Jan
Petroleum
Joburke
•
Feb
1.15
70c
Jan
99%
Nickel
Jacola
;
Jan
3% Mar
131% Mar
Pacific
.
16c
131% Mar
49c
Mines
Jan
Jan
12
9c
Mines.
Mar
1.35
3% Mar
12C
Lake
75c
69
7 Va
Gold
Lake
7C ■■
3%
Orange Crush
8%
Mar
Jan
92c
8c
rights
Ontario Steel preferred
Jan
Mar
59c
29,750
1,000
__
Exploration
Red
39,600
—
Loan
Mar
Feb
Jan
76c
Jacknife
<.
Jan
1.22
International Uranium
>
Jan
10c
70c
e
_—_
International
,
10c
1.05
*
Preferred
International
.
1.96 Feb
Mar
76c
O'Leary Malartic
27
.
—
100
International Metals class A
x
Jan
1.20
Mar
30c
20c
Feb
5 Vac
Oils
Mar
30c
30c
1
Mar
2c
3 Vac
Ogama-Rockland
12
38c
24c
14c
500
6c
Northland Mines (1940)
14
6c
Feb
100
4c
21 >/»c
Canada
24% Mar
118
11c
14c
3%c
Inca- Gold
Osulake
International
1.80
i
Jan
Jan
Mar
Northern
North
110
24%
'
Jan
Jan
6.60
Feb
Normetal Mining
Norpick Gold Mines.
.•
4c
—
Norseman Mines
570
35c
37c
12
25 %c Mar
7
1
19% Mar
Mar
9% Mar
8%
9
6
-
__.
Jan
19,545
5 %c
*
V
Jan
12c
■
1.40
51%
Mar
14c
14c
Mines
7% Mar
12%
24%
1
Ingersoll Machine class A
Inglis (John) & Co
Inspiration Mining
8c
15c
15c
Corp
Norgold
300
12%
_—
Mar
Norbenite Malartic Mines
Nordon
25
15%
24%
15%
Imperial
Feb
8 %
a
Imperial Oil
*
Imperial Tobacco of Canada ordinary_5
V>e
preferred
'25
Feb
56c
17
250
Hinde &
24 %c
7%c Mar
4,000
10c
6c
7c
14% Jan
13% Mar
1.05 Mar
43
Jan
7%c Jan
..
Heath Gold
Feb
5,450
.
Hedley Mascot
Feb
Feb
1.15
71,200
25c
_.
Nipissing Mines
Yellowknife
Jan
6c
26c
Merger
87c
Vac Mar
15 Vac 21 VaC
21 %c
Pacalta
Rouyn
2
90c
26
Norzone
New
4,000
88c
26c
Gold
4c
88C
Mines
10c 10 %C
82c
Shares
20%
Negus Mines
New Bidlamaque
10c
..1
Hasaga Gold
Low
Car-
Sales
for Week
Range
of Prices
Sale Price
Jan
11%
100
Gold Mines.
Harricana
12c
3.60
Carpets
Harker
Mar
3.60
*
Cotton
3.60
Bridge
Harding
14
Mar
10
Hamilton
1
19% Jan
5.00 Feb
7% Mar
15
Jan
18
40
—-—1
Mines
Hard Rock
18
STOCKS—
High
Low
High
18
—*
Hahn Brass Preferred.:
Range Since January
Shares
of Prices
Sale Price
STOCKS-
Last
for Week
Range
Week's
Thursday
Sales
Week's
Thursday
MARCH 25
FOR WEEK ENDED
RANGE
Mpnday, March 29, ,1948
MARKETS
LISTED
CANADIAN
CHRONICLE
FINANCIAL
-
.
Feb
Feb
1.50
68c
7%
97
6V»
Jan
Jan
Jan
Jan
Jan
21
Feb
78c
Feb
78
Jan
80
Jan
Mar
IOV2C
Jan
1.68 Mar
2.40
Jan
5c
?
167
Volume
THE COMMERCIAL
Number 4685
■.
\v
>
&
CHRONICLE
FINANCIAL
(1399)
CANADIAN
MARKETS
LISTED
RANGE FOR WEEK ENDED
MARCH
25
Week's
Thursday
Week's
Last
Low
Par
Surf
High
1.43
9c
9c
12c
Gold
25,500
1.55
1.47
1.60
8,925
Mines
'
;
9c
2.05
19c
Mar
_
Jan
Loio
_
_.
50c
50c
500
61c
Jan
Range Since January I
LOW
High
lie
Jan
8c
Jan
2.90
Mar
Jan
2§%
Jan
7c
62,500
5c
23%
25 %
10.868
20%
5c
1.000
2.50
2.60
2,000
20c
22c
3,500
19c
Jan
40c
Feb
6%C
•
247%
__
Wright-Hargreaves
24
24
4%
50
23% Mar
27 V*
Feb
Yeliowrex Mines
1
2.90
3.05
5,589
2.90 Mar
3.50
Jan
Ymir
Yankee
•
2.90
35c
35c
40c
5,600
35c
Mar
49c
Feb
York
Knitting class A
Thurbois
1
7e
6%c
8c
34,550
Gc
Mai¬
21c
7C
1,000
6c
Mar
9c
Jan
7
Mar
8%
Jan
Jan
4%
Jan
Feb
5c
Mar
Jan
Gold-—___—
Ltd
_*
common
50c
Mar
Class
Mines
.
*
Toronto
Elevators
Toronto
Iron
Works
class
19
200
65c
65c
1,750
*
_
Gold
To burn
19
1
Tip Top Tailors
11
11
100
*
• Twin
City
Resources
*
common
10
Mar
1214
,Jan
*
Gas
United Corp
class B
United
class
Fuel
Class
B
A
preferred
>»
.
10
9,2c Mar
12c
Toronto Stock
40c
45c
3,300
35c
Mar
63c
Jan
7
7
5
6
Mar
—
7%
7%
235
17
17
50
16
Feb
46
46 %
40
46
Mar
7%
7%
14
14
Hill
Keno
United
Steel
*
1.05
1.30
635
*
British Columbia Pulp & Paper com—*
Co
——•
5'A
5%
5%
1,350
1
——_*
1.83
1.80
1.84
11,633
Jan
16
Jan
Canada
&
Dominion
714
2.35
Canadian
Jan
Jan
Canadian
Waite
Amulet
Walker
•
(Hiram)
(G
*
W)
&
7.20
5.15 Mar
2,710
13c
1,000
10c
Feb
13c
Mar
Dalhousie
22'
Feb
22% Mar
4.85
5.15
3,665
4.60
Western
1
Grocers
preferred
*
24
(Geo)
Mar
26%
Feb
For
1
footnotes
see
page
11%
Feb
Mar
14%
a
1014
20
20
165
3%
1,800
19 %c
10% Mar
13
13%
225
13
15c
16c
5,000
3%
3
40
—
16%
v
12%
Jan
24%
Jan
3
39
20
40"
3%
Mar
Mar
4.135
2,000
Jan
45
33%c Mar
Jan
19%
14% Mar
Jan
60c
Jan
35c
40c
29
38%
29%
35
27
Feb
32
Jan
36
36
20
36
Mar
36
Mar
22
22
22
420
3.15
3.15
3.60
2,125
*
24
24
24
50
•
100
52 %
50
48
22%
52%
48
23%
3c
4c
3 ono
—
Jan
International
31
Mar
33%
Jan
Langley's Ltd preferred
Minnesota & Ontario Paper
32
40
32
Mar
36
20%
23 %
Feb
Jan
4.10
Jan
34
Mar
2.95 Mar
20
Feb
3.995
46
Mar
59%
Jan
5
45
Feb
49
Feb
4,155
20
Feb
23%
Jan
Jan
10c
23
99
98%
7 %c
7c
22
150
5c
—
3c
2.25
6V4c Jan
Mar
3.00 Mar
Feb
3.00
2,125
Petroleum
*
—
30c
30c
1, IUO
26c
Feb
32c
Jan
Mining
1
6c
6c
6%c
5,000
6c
Mar
8c
Jan
Oreille
Jan
Pend
Jan
Southwest
12c
Feb
Temiskaming
28
Mar
4&
23%
*
—*
Selections
101%
Feb
98% Mar
10
6,500
Paper common
1
:
2.75
2.65
$4.
Statement of Condition of the 12 Federal
RATES
CERTIFIED
BY
FEDERAL
19,
RESERVE
1948 TO MARCH
BANK
25,
TO
TREASURY
1948, INCLUSIVE
UNDER
TARIFF
ACT
\
Monetary
Unit
1
(In thousands of
OF
■
y
'
.-
certificates
Redemption
$
Argentina, peso-
20
$
fund
for
F.
3.211650
Australia, pound.
$
$
$
.297733*
.297733*
Discounts
.251247*
.251247*
Industrial
.251247*
.251247*
.251247*
Free
Other cash
+
—
11,261
+
+
83,845
+
455
156,231'
U.
353.046
and
advances
447.147
loans
3,147
+
—
2,686,51|
33,35]
160,53
2,11]
Govt, securities:
S.
3.212133
.022790
Certificates
.054406
.054406
.054406
Notes
1,786,200
+
12,100
+
1,434,400
5,652,858
+
10,155
+
4,899,468
securities-
20,607,134
+
234,205
securities-
21,057,428
+
317,595
Bills
[Canada dollar—
1.000000
1.000000
l.OCOOOO
1.000000
.892343
.901093
.898984
.893359
.570100'*
.570100*
.570100*
.570100*
.570100*
.020060
.020060
.020060
.020060
.020060
Closed
Due
F.
loans
from
R.
.208604
.208604
.208604
4.031250
4.031328
4.031328
4.031328
Bank
4,373,175
U. S. Govt,
Total
and
foreign
of
notes
banks
other
116,120
2,866,202
32,830
premises
Other
+ 128,500
—6,491,81}
83,450
—2,044,441
+
95
banks
Items
Uncollected
.208604
.208604"
8.794,901
Total
1.000000
.889375
4.030625
7,369
.022792
.054406
Denmark, krone
+
3.212133
.022795
England, pound sterling.
2,631
—
—
.022798
.054406
Czechoslovakia, koruna.
21.868.010
reserves
3.212133
Belgian, franc-
—
ctf.
3.212133
Brazil, cruzeiro—
Official
2,842 ,74*
+
Bonds
Closed
.022796
U Free__
$
10,000
+
R.
033,840
gold
.297733*
$
1941
$
^
21,234,170
March 25
Total
.297733*
.297733*
Official
March 24
March 23
March 22
y v.
March
1948
1948
■
.
Gold
J
March 17,
March 24,
,
j
decrease (—) since
1930
Buying Rate for .Cable Transfers in New York
Value in United States Money
March
dollars)
Increase ( + ) or
notes
March 19
.[
Reserve Banks Combined
certifies daily
world. We
Assets
Colombia, peso
Mar
19% Mar
10
36
i
30
Noon
and
Jan
•
3i:
22%
MARCH
Country
18%
._*
Oil
Hayes Steel
requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank
EXCHANGE
Jan
Feb
17%
16%
the buying rate for cable transfers in the different countries of the
record for the week just passed:
FOREIGN
Feb
*
Linoleum.:
&
32
7c
20
*
•
31
32
108
Mar
Jan
Jan
Jan
Jan
200
to the Secretary of the Treasury
give below
10
19%
—
—*
2
Foreign Exchange Rates
Pursuant to the
15%
Donnacona Paper
2,560
—100
Mines
950
Lumber
Oilcloth
10%
16c
*
com
Preferred
Wiltsey-Coghlan
16%
6%
•
Dominion
Oil
Weston
16%
Bridge
Jan
25%
100
Class A
16%
•
Sugar
•
Dominion
5.30
10%
*
Cluss A
Wekusko Consol
80
Paper
Jan
24%
25
*
com-.
345
Oil
25
Foothills
Ltd
Waterous
93
400
Feb
5.70
5.15
88
25
72
86
Westinghouse
22%
13c
25
26%
Feb
Feb
70
85
4%
540
4
90%
*
Western
12c
5.25
5.55
1
A
preferred
Dare
Jan
,
3%
25%
80
83
4%
Canada Vinegars
22%
•
Mines
Funds
25%
__
1.34 Mar
1.76 Mar
Ltd
Ventures.
Vicour
3%
100
Consolidated
Virginia
10
Jan
5 % Mar
Upper Canada Mines
410
l
common
Preferred
Jan
48 %
1.05 Mar
-
7
4
Canadian
Asbestos Corp
Jan
19
13 % Mar
55
1.05
10
7% Mar
7
4
2.48 Mar
Exchange-Curb Section
Jan
Canadian Industries common
United
7
4
-
Jan
170
600
—*
50
25
preferred
*
Girl
10% Mar
10%
Brown
Union
2.55
20%O
Jan
80c
9%c
44c
•
B
*
Mar
Mar
9%c
1
Transcontinental
19
ls5,a Mar
63c
10 %
10%
*
A___
TOWagmac Exploration
!
Shares
High
6c
6%c
Winora Gold
*
Taku River
Tajnblyn
*
Par
Jan
1.99
1.47 Mar
Gold
Winnipeg Electric common
Jan
of Prices
$C
Wingait
Teck-Hughes Gold Mines
Thompsoh-Lundmark Gold Mines
,
Sale Price
1
Sales
for Week
Range
La$t
.
I
High
1.00 Mar
15,487
1
Inlet
Sylvanite
1.30
•
Range Since January 1
Loxo
1.40
'•
STOCKS—
Shares
1
Mines
'
■
50c
Cons
:
for Week
of Prices
Sale Price
STOCKS—
Sales
Range
Thursday
Sullivan
43
;
■
assets
133,440
—2,202,38
•—2,039,743
<i
—
5,678
+
5,408
—570,599
+
402,098
—
6
+
628
1,819
+
91,51]l
—260,761
+
1,179,758
—
+
L.
—$
Total
assets
46,427,171
—
.France, franc—
•;
.004671*
Free
.004671*
.004671*
.004671*
.004671*
.003270*
I Official
.003267*
.003261*
.003261*
.003263*
Federal Reserve notes
.301691
.301678
Deposits:
.301691
.301691
.301678
India (British), rupee-
Member
'
peso
.205750
Netherlands, guilder
.377553
.205750
.377559
Mexico,
.205750
.205750
.377559
.205750
Liabilities—
.377559
.377597
83,061
23,831,226
bank—reserve
16,869,890
acct.
U. S. Treasurer—gen.
Foreign
acct.
1,458,070
-
311,621
1,212,121
780,807r V ,-tt) ,142,04 i
480,789
+
*
52,39
93,78
Official
1.000000
1
tFree.
New Zealand, pound
3.224500
•
.889791
.886875
Closed
.040053
.091324
.091324
.091324
.278264
.278264
.278264
.278250
.233628
.233628
.233628
.233628
4.007500
4.007500
4.007500
4.007500
.091324
.091324
Sweden, krena
.278264
.233623
of South Africa, pound.
t
.
y
V- '•
•
.
.
4.007500
Closed
.201595
\
-
f
26,344
19.346,095
+311,680
2,494,726
—494,859
+
419,191
1,663
+
•
Total
16,213
I
liabilities
+
£64,577
45.688,260
+1,028,088
3,001
+ 1,139,26a
.
Capital Accounts—
Capital paid in
Surplus (Section 7)
Surplus (Section 13b)
Other capital accounts-
!
197,747
—
448,189
47
+
27,543
•
65,432
Total liabilities & cap. accts.
Ratio
Controlled
.658300*
.658300*
.568300*
.658300*
.658300*
Noncohtrolled
.561800*
.561800*
.561800*
.561800*
.561800*
46.427,171
—__
3,769
+
-260,761
+ :(
+
"
6,861
8,361
8
+••
25,17
+
+1,179,751
/
of
gold certificate re¬
serves, to deposit and F. R.
note
.
deposits
availability items—
liab., incl. accrued divs.
Deferred
Other
>-ii'
:
Uruguay, peso-
^Nominal rate.
14,682
+
.201595
Spain, peseta
•
3.225000
.201595
.040018
.
3.225000
.040018
.201595
.040053
J
y
.890833
.040028
.201595
Portugal, escudo
^Jnion
1.000000
.896666
.898750
3.225000
3.225000
Norway, krone
'Switzerland, franc.
1.000000
1.090000
1.000000
—
507,464
Total
Newfoundland, dollar—
510,671
Other
liabilities
combined
Contingent liability
on
purchased for foreign
respondents.
50.6%
0.3%
—
5.4%
+'
bills
cor-
4,240
—
7,887
+
"
184
—
y
4,5lfe
—
tFrance Free was revised
on
March 18.
In last
week's "Chronicle" it read .003265;
it should have read .003267.
Commitments
trial loans
I
to
make
indus¬
324
—
323
r.
-y
44
(1400)
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
19523-1950U1
Monday, March- 29, 1948
OVER-THE-COUNTER SECURITIES
Quotations for Thursday, March 25
Investing Companies
Mutual
Funds—:
Affiliated
Amerex
Holding
5.78
1%
3.87
4.24
10
23%
25%
1
3.73
P*r
6.31
.4.08
Corp
Business
Shares
Shares
Managed
'
8 Va
8%
1
7.26
7.85
Inc
Axe-Houghton Fund
92.90
45.19
3.56
3.93
B
0
14.76
1
Blair
Holdings
Bond
Inv
.
4%
shares—
3,71
4.09
3.42
3.77
2%s
Equipment shares—
4.23
Industries
General
.
1
Corp
of
Tr
America
shares—
Inc
Invest
Street
3%
4
Co
92.63
96.49
Petroleum
18.72
20.24
Steel
lOo
Inc
8.13
8.14
8
15.65
16.92
Ltd
Inv Fund
Canadian
18.54
-1
3.60
28.55
Chemicai
Common
30.70
"
1
Fund—
Securities
Christiana
100
Commonwealth Invest
Dividend
26.79
11.05
11.95
shares
Investors
Low
1.54
Priced
Preferred
Eaton & Howard—
1
Stock Fund
23.33
15.82
Industrial
Selected
2.02
<
First
Boston
Corpi——
10
First
Mutual Trust Fund
5
5.16
.13.25
6.96
New
14.52
r,
4.46
Stock
1949_
Certificates
Maturityir-
100.2112
.2250
1%
99.9769
.9922
_
of
1%% 100.0157
.
.0309
Indebtedness—
t%s June 1,
t%s July 1,
3.58
1948
Series
F
1948
Bid
1948-
t%s July
4.87
3.28
5.30
Series G
Ask
99.9909
Series—-—
6.22
t%s
tIs
Oct.
Oct
1.
Series
.0015
tl%s
Feb.
99.9714
.9817
tl%s
Mar.
99.9716
.9819
U%s Apr.
99.9771
1.,
.9928
.0317
100.0193
1949
1949
.9924
99.9776
1949
1,
.9821
100.0165:
_
1949-
1,
Ask
99.9718
.1.
1948 Series K
1,
Bid
H
1, 1948 Seris J
1,
11 %s Jan.
>..
Indebtedness—
1948
.0360
100.0127
.0311
100.0148
wL
.0346
4.03
3.68
of
July
6.80
3.69
1,
•
Certulcat.es
5.79
-
Group Series
1,
,
1%%
.
1948_
tls
7.61
Series
Series
Price
Ask
7.25
7.06
1948_
1,
Bid
4.02
Priced_Com Stock Series.
5.74
2
Low
tOct.
tJan.
6.63
6.46 ;■
Stock Series
24.95
24.89
7
tSept. 15,
Series
1.85
14.80
•
Financial Industrial Fund Inc 10
9.70
Series
Stock
23.02
1
Fidelity Fund Inc
8.97
Dollar
Int. Rate
Maturity—
1
-I
Corp—
Bond
Speculative
Fund
121%
14.86
13.98
National Security Series—
Bond
series
6.04
Income
Balanced
13.60
13.02
10
Inc
Securities—
Balanced
15.73
1.40
100.8
120
1
National
5.56
1961
U< S. Certificates of Indebtedness
7.96
24.78
1 d.22
14.55
-250
Shares
7.26
1
1
Mutual Invest Fund
x-iJ
1
100.4-
Issuet
Canal 3s
4.91
10c
Investors 2d Fund
Nation-Wide
2,870
139
1
Fund
Delaware
13.15
com—100 2,770
Preferred
100.1
99.29/.100.1
1949
Other
Panama
Ask
99.31
1948
13/4S jan> 20,
,
100.20
Bid
1948—
15,
4.65
Mass Investors Trust
4.80
•
Sept.
point
a
4.43
4.45
Mass
Century Shares Trust
Apr.- 15,
of
Banks—
Manhattan Bond Fund Inc—
16.92
1
Bullock Fund Ltd
98.12
98
32nds
more
Home Loan
1%S
97.12
100.4
or
1%S
100'
97
1955-1953
4.45
4.22
:
99.20
one
Federal
Ask
4.03
4.02
shares
shares
1,
1,
1
3.65
Paper shares
•
Bid
1950-1948—
4.69
4.25
4.04
Metals
Non-Ferrous
5
Inc..
Bowling Green Fund
Broad
5%
1,
1,
Feb.
Bonds—
Bank
4.66
Equipment
Electrical
16.04
Oct.
l%s May
1 %s Jan.
shares
Drug
Land
Federal
l%s
shares
Home Furnishings shares
Boston Fund
Figures after decimal point represent
94.80
44.29
Funds—
Automobile
Business
3
Beneficial Corp
Ask
'
series A
Fund
Bid
Loomls Sayles Mutual Fund
•
Loomis Sayles Second Fund—10
Associated Standard Oilstocks
Axe-Houghton
Obligations Of Government Agencies
Ask
Bid
1
Inc_
Fund
American
Par
Securities
Aeronautical
Fundamental
Investors Inc
Fundamental
Trust
shares
27 %
29%
-
England Fund
York
New
Stocks
1
14.43
5.62
6.47
Agriculture
41.66
A__2
44.80
Automobile
6.21
9.25
9.73
5.43
6.89
7.48
Chemical"
5.95
6.46
Corporate bond
6.19
6.72
Diversified
Investment Fund-
7.95*-'
8.62
Diversified
6.14
6.66
prefeired stock
Industry,.
11.92
13.06
10.00
10.84
Bank stock
shares
-
shares:—
—
Building shares—
—
Chemical
shares,..
Electrical
Equipment:
shares
General
-
shares
bond
Industrial Machinery
v
shares—
Price
shares
Bond
RR Equipment
Railroad
stock
Howe Plan Fund
Inc
2.64
Aviation
Bank
Petroleum
5.35
Putnam
4.32
Republic
4.99,
Russell Berg
4.42
23.16
9.74
10.67
.73
shares
8tate
10
25.65
27.20
Invest Management Fund Inc—1
13.25
13.56
&
B-2.
(Medium
Grade
(Low
B-4
(Speculative
KtI
(Income
23.42
com
iLow
Priced
16.34
20.07
Knickerbocker
10.67
Fund Inc..
1
25.37
27.28
10.54
1
April
b0.96
Stock
Corp.*
Fund—1
Trustee
b0.97
0.91%
Trust
.76
15.
1948_
1948
1948
b0.99
0.94%
June
24.
1948
May
6.
1948
13,
1948
7.22
New York
21.05
46%
Bank
of
9.35
9.54
18.09
Bank of New York
16.38
Bankers Trust
15.23
6.95
.
7.62
the
Manhattan
Co__ 10-,
100
Agricultural
—25
52%
10
American Alliance
—10
20%
21%.
America
Casualty
preferred
Prior
38
Convertible
10%,
16%
3.26
2.64
Bid
25 %
39 %
117
86 %
89 %
35%
37 %
393/4
Morgan
Continental Bank & Trust
10
Corn Exchange Bank & Trust_20
x23%
24'%
National
54
New- York
76
Public
17%
Sterling
37 Va
Title
20
34
common
1
10
preferred
5
1234
13%
45
47
52
_50
Bank
National
&
Trust
71
10
14%
10
Bank
,
35%
100 1,220
20%
21%
27 %
28%
•28%
13%
Fire
Assur
Mfrs Fire N Y
16%.
27%-.
29%
National
—10
19%
21%
National Fire
American Surety—.
—25
55% :
Automobile
—10
30
National
Casualty
_
4
(Detroit)-lO
5%
Pacific Ry
3%s
Cudahy Packing 2%s
Delaware
& Lt
Pow
,1967
>
3VeS—1977
96%
100%
1968
Ask
95%
Arkansas Pow & Lt 2%s—1977
100%
—25
Shippers
Amsterdam
Brunswick
New
Hampshire Fire
71
New York Fire
North
Camden
City
5
Fire
of New
Connecticut
Continental
19
—10
York
General
Life-
10
19
20%
•/
Casualty
Group
Employers Reinsurance
Northeastern
of
Assn
Fireman's Fd of San Fran-
Firemen's
of
I
44
12%
133/4
233/4
6%
74 %
-v.
Indemnity
28
30
67%
70%
Co
Preferred Accident
47
149
49
52
Republic
10
94%
97%
Revere
Reinsurance Corp
13%
18%
20
22%
24%
19
— -
5
42%
44%
5
8%
9%
230
38% VC
&
40%
85
/
88
Trust_17%
38
>/
40
25
Bank
70
National
Guarantee
States
,: 49%
224
&
Trust
12
Trust
74
8%
100
9%
520
550
83
( N Y)
2
(Texas)
(Paul)
4%%
;
Ind'polis Pow & Lt 5%
953/4
103 %
102
_1977'
96%
97%
101%
Pwr & Light
1977'
97%
.98%
1978
99%
99%
1978
101%
'
1978
3%s
Potomac
San
Edison- 3J/sS
Diego Gas & El 3s
Cal
43/8
33%
4%
5
27
Edison
Edison
Co
101 %
101%
104
104%
3%s—1973
2%s
1977
98%
1
10
106%%
108%
100%'
101%
100
pfd_100
preferred
102
95%
Philadelphia Elec 4.30% pfd_l00
pfd—
Bid
1
1%
Appalachian Electric
4%%
preferred
Power—
*_100
96%
85
100
Pitney Bowes 4%%
87%
1043%
50
3.5(1%
preferred
8i%
Texas
West
%
$5
Gas
Transmsn
Corp
100
Transmission
Disinfecting
■
94
-.95
•
9%
,
r
4 3/4
'
4%
*
9%
1
common—50c
"A"
preferred
% 27%.
•11%/: 12V4
Co.—
preferred
Eastern
Tucker
104% > 106,.
'
64
-5
27%
Tennessee
1%
105%
-51»
100
v
Ask
r.
Public Service /Indiana)—
Southn Cal Edison 4.88% pfd 25
Speer Carbon Co.
•-
99%
90 %
9%
pfd—100-
England Gas & Elec—
4%% preferred.:
100
Pennsylvania Electric—
3.70%
—
88
-
%
New
4%%
Par
Cladmetals
Stocks—
American
Ask
86
88%
Monongahela Pow 4.80% pfd 100
102%
3%s—1978
Philadelphia El Pow 27/as
Bid
100
pfd_100
...
31%
10
Fire_
Pacific
Toledo
3%
10.
& Lt
102%
1978
3s
Service
94%
33/8s—1977
Light 3s
Utilities
Public
Ohio
&
Power
Kentucky
86
10
Par
Pow
13
:
'
1-4
96%
—■
'
99
20
29
13%
5
General Reinsurance Corp..—10
Gibraltar Fire & Marine——10
Nat'l
Florida
50
53%
144
Iowa
Power & Lt
Southern
100
5
Providence-Washington
Georgia
7%
78
10
Fire
Pacific
5
Newark
,
22
10
Pacific
49%
41
*_25
52%
29
10
Phila
29
5
27
Fidelity & Deposit of Md——20
Fire
37
27
12.50
Northern
50%
—10
Federal
50
25
Harbor Plywood
105
24%
70
10
10
35
2
5
Thoenix
Employees
Trust
Kentuckv Utilities 4%%
6%
2.50
*
.
6
—.10
River
10
Casualty
Crtm & Forster Inc
45%
10
*
67
27%
5
National Union Fire .1
77
68'
17%'
1,500
"
47%
10o
12%
Stocks—
97
104
Firestone Tire &.Rub 2%s„1972
25%
43
2
Liberty
New
73%
10
20
P) & Co Inc
Jity Bank
Birmingham Elec $4.20 pfd
6%
lo
New
&
279
16%
Security Issues
Bid
18
—10
Reserve
Bankers
(J
United
1,280
Recent
Central
26%
&
Re-Insurance
Boston
270
10
37
5
33
100
155
100 1,450
25
47
Manufacturers Trust Co
101
5
6%
185
Ask
97
Massachusetts Bonding
American
2%
140
100
41%
44%
Ask
Bid
100
Guaranty Trust
Irving- Trust
Kings County Trust
Lawyers Trust
42%
;
27%
10
Merchant
American
Baltimore American
Trust
National
10
Co
Federation
Merch
,58
0.96%
Par
Fulton
Grace
20
Trust
Empire Trust
18%
12%
345
37%
Bonds—
Maryland
11%
25%
110
15
Chemical Bank & Trust
2.59
55%
.
bl.QO
Ask
23%
330
Brooklyn Trust—-.
100
Central Hanover Bank & Trust 20
7.50
2.28
1
Bid
Commercial National Bank &
6.53
•
Jersey Insurance of N Y
5
0.96%
City Banks & Trust Cos.
Par
16.57
5
44%
5
Equitable
Fidelity & Casualty_5
American of Newark
2%
0.96%
bl.00
"7.90
Par
__10
American
0.96%
bl.00
_
b0.99; 0.94%
;
Chase National Bank
Ask
Life^
American Casualty
bl.00
10,
17,
Companies
Insur Co of North
American
1948
June
June
5.93
l
Home
4
0.96 %
.85
19.26
1
83%
Automobile
3,
0.92%
0.93%
1948
1
;
June
b0.98
b0.99
29.
18.99
Shares—
46%
American
Ask
0.95 %
75c
2.50
80%
1
Bid
bl.00
bl.00
May 20, 1948
May 27, 1948
47.50
Shares—
43%
Aetna
1.50%
April
l
Series 1956
Bid
1.45%
bl.65 '
6.77
68c
44.50
.1
....10
Insurance
bl.60
1-48
0.91%
20.83
Inc
-.10
Aetna Casual & Surety
1-48
12-
April 22 1948
First
Aetna
11-
1-48
'
25c
Fund B_1
Stock
Series 1955
Insurance
2-48
3-
0.86%
-bO.97
Fiduciary Trust
Par
2-
-
»'
11.41
6.18
1
10c
Investment
E
5.61
1.55%
Ask
1948
1948
May
Shares
Independence Trust Shares
4.77
1.40%
48.15
2%
Bid
April 1,
April 8.
3.09
Fund
4.37
bl.55
United States Treasury Bills
6.05
8.76
15.81
A
5.11
.
1-48
1.55%
6.04
2.81
Preferred
Amer
10-
7.58
20
C
North
2-48
8.98
17.37
13.14
1-
1.30%
11.73
14.70
Common
Series
!'1!35'%
9.79
5
B
Diversified
■
bl.50'
17.06
♦
12.04
Stk)„I,
Fund
14.89
bl.45
1-48
8.81
Unit Type Trusts—
21.90
27.20
13.65
Ask
2-48
9-
J';:?;1/
'
Bid
8-
47
10.73
1
World Investment Trust
17.83
24.94
'
:
Due
1-48
1
11.80
9.60
Stocks)—1
com
1.25%
1
Investors—
Whitehall
17.58
8.79
S-3 (Appreciation com Stks)_l
S-4
bl.40
Fund
Street Investing Corp
Wellington Fund
25.77
16.11
pfd Stocks)—1
K-2 (Appreciation pfd Stks)_l
S-l (Quality common Stks)_l
7
Fund
Amer
Series
Union
28.53
1
(Income
S-2
27.29
1
Bonds)
1-48
6.92
Wall
Bds)—1
Priced Bonds
7-
5.51
Inc
Series
■i
Keystone Custodian Funds—
B-3:
1-47
10.70
Trading
Street
Union
(Investment.i, Bonds)—1
10-
8.04
Trusteed Industry Shares
Union Bond Fund series A
1.02
14.23
B-l
1.15%
8.93
Invest
Selected
.81
v,
.92
Investment Co of America
11.52
11.46
9.77
Standard Utilities
Group shares
1.35%
10.51
Invest Fund
(Geo)
.Fund
1.63
21.42
12.99
Bond
1.20%
Scudder, Stevens & Clark
4.77
1.59
5
shares
Group
Insurance Group
Stock and
bl.35
9.74
4.99
10c
shares
1-48
Tobacco
Securities Ltd—
Group
6-
4.61
Sovereign
Institutional
2-47
7.99
4.59
Investors
9-
5.52
3.97
Foundation Fund
Income
Incorporated
1.15%
equipment
4.92
shares—
•11.23
8.30
,,,
,4;59
•
12-
Utility
2.42
shares—
shares
11-
1.25%
Railroad
Railroad
4.24
shares
shares
Utility
Public
6.79
5.67
7.65
shares
1.20%
1.15%.
8.19
7.68
7.08
—
1.10%
bl.30
15.57
5.22 A'.'
shares
Railroad
Coast
Dated
bl.25
1-48
10.46
Oils
Pacific
Rate
1-48
5-
7.96
7.85
■■£
Ask
.4-
1-47
Merchandising
8.12
Bid
1-47
8-
10.77
9.83
6.26
...
....
shares—
shares
Petroleum
Steel
7.49
Due
7-
1.15%
stock
7.34*
Dated
1.10%
equipment
Insurance
Rate
9.49
11.00
10.58
series
Machinery
7.24
Merchandise
Tobacco
Electrical
5.48
7.94
9.36
-
Investing
Low
Diversified
5.04
Institutional bond shares
Mining
&
10.22
8.66
10.04
-
7.32
shares—
Administered
Fully
9.33
Building supply
Agricultural shares
Food
10.66
5.06
Aviation
Group Securities-
Aviation
Federal Intermediate Credit Bank Debentures
6.81
8.44
.
General
Capital
Corp
*
General investors Trust-—.—.—1
Automobile
15.47
t>
Inc—
Franklin
Glens
Fire
Falls
Fire
Globe <5z Republic
Globe
& Rutgers Fire
com.
15
18
St Paul Fire & Marine
"
Seaboard
Security
71
74
10
47%
10
24%
263/4
&
Marine—10
41%
^3%
Accident
10
29
31
Springfield Fire
Standard
12%
Surety
New Haven
1
::
50
22
2nd
preferred
15
75
80
Travelers
522
537
American
5
29
30%
U
}00
Great
S
Fidelity & Guaranty Co__2
48
28%
U
S
Fire
48
109 %
U
S
Guarantee
10
67%
71%
2.50
32%
34
change..
r
year's
in
Cash
(not included In year's range).%b Bid yield
range),
sales
delivered,
e
Ex-interest,
(not included
w"i
When
f Flat
in year's
issued,
price,
range)
,
price,
k Admitted
t Ex-stock
d Deferred
to
listing
dividend.
deliv'ery sales (not
N.
on
Y.
Stock
(Un) Unlisted
Ex¬
issue,
51
105%
Odd lot sale
50
26%
a
included
Hanover
Hartford
Fire
—10
Hartford Steamboiler lnspect.10
32
34
Westchester
4
Fire
w
d. When
•No
dividend.
par
value,
fin default.
x
Ex-dividend,
tThfese bonds
are
y
Ex-rights,
subject
to
all
z
Ex-stcvk
Federal
dividend.
taxes.
.«■
fiEx-liquidating
.
!
Volume 167
THE COMMERCIAL
Number 4685
-
FINANCIAL
fc
CHRONICLE
(1401)
45
Week Ended March 20
1948
1947
Inc.
s:l,f
Third
J
Bank
•
show
clearings this week will
Preliminary figures compiled by
increase compared with
an
year-ago.
a
cities of the country, indicate that for the
week ended Saturday^ March 27,-clearings,
for-all cities of-the United States from .which it" is possible to obtain
ings will be 1.2% above those: of. the corresponding week last
Our prelim-r
gain for the week ended Friday of 21.4%*
At this center there is a
parative
>y
for the,week follows:
summary
Clearings—Returns by Telegraph ;,.
Our
com-
1,068,051
4.4
862.492
561,435
998,252
1,112.338
—10.3
1,041,288
1,301,916
1,217,573
859;475
+ 41.7
662,881
3,409,278
3,025,864
+ 12.7
2,052,073
1,839,294
1,013,000,000
933,000.000
8.6
788,000,000
684,000,000
4.2
2,088,336
1,676,001
+ 23.3
4,132,337
3,142,702
;___
__
__
*
2,732,034
.
Scranton
5,945,664
Wilkes-Barre__
York
+
+
2,853,105
2,307,318
?
1
—
4,820.388*
2,374.876
'f
i
1,588,057
1,839,460,
New Jersey—Trenton
6,944,459
—10.1
5,087.365
11,384,836
5,916.693
____
Total (11 cities)
1,053,538,610
0.3
—
971,502,991
'
<»
1
.
7,445,653
5,434,606*
5,434,100
'
8.4
+
1,855,254
1,729,848
9,362,0221
,
,
+ 17.4
.
••
2.8
—
791,715
'
4,573,636
11,345,086
—.
Delaware—Wilmington
-
$V*
idelpliia—
__
Reading
•
1945
1946,
'
1,115,310
Chester
Philadelphia—...
inary total stands at $14,103,503,653 against $13,942,350,039 for the same;week in
1947.
District-
Bethlehem..
Lancaster
weekly^ clear¬
year.
Reserve
Pennsylvania—Altoona
based, upon telegraphic advices from the* chief '
us,
Federal
or
Dec. %
..
817,205,343
707,636,127
'
*
1948
Week Ended March 27
1947
:
$7,706,847,622
:
Fourth
%
$6,348,275,459'
458,143,816
New York
;
>
569,745,256
Chicago—__
Federal
Reserve District—Cleveland—
Ohio—Canton
+ 21.4o
7,192,352
7,030,947
+
2.3
4,504,958
199,798,982
193.240,844
+
3.4
189.587,053
126*451,305
391,304,928
33,590,500
297,657,897
+ 31.5.
248,128,595
219,291,668
22,003,900
Mansfield
5,014,724
4,276.491
+ 17.3
3,207,693
19,587,100
2,601,025
Youngstown
6,184,583
5,873.904
+
5.3
4,684,567
3,648,094
352,797,183
286,707,115
+ 23.1
267,113,465
271,968,257
995,883,252
823,275,098
+21.0
689,230,231
657,895,980
2,765,959
2,268,241
+ 21.9
12,174,000
130,248,026
10,161,000
+ 19.8
8,540,000
6,749,000
127,545,874
2.1
108,023,735
85,529,701
Cincinnati;
'
—19.6
Cleveland
Philadelphia—
,
.
Kansas
773,000,000
City.
:
St.
LouiS-,.,-
-
San Francisco
y
_T
'
Pittsburgh
V
i
Cleveland—.
4.6
237,308,165
+ 13.0
232,400,000
+ 17.9
332.696,000
•
9.5.
+
273,900,000
...
+
430,500,099-
268,183,936
u
706.000,000
450.166.875
-----
—
1
Boston
310,393,000
+ 10.8
Columbus
Pennsylvania—Pittsburgh
Total (7
255,648.678
211,344,478
306,971,607
207,808,770
140,843,819
149,876,737
$10,966,402,353
$9,403,648,964
2,437,747,125
2,157,841,410
—...
:
...
Other cities, five days
—
_
6.0
—
Fifth
West
+16.6!
+
Federal
Reserve
District—Richmond**—
Virginia—Huntington—
Virginia—Norfolk
13:0!'
Richmond.
Total all
cities, five days—
All cities, one
$13,404,149,478
$11,561,490,374
2,380,859,665
—70.6
$14,103,503,653
$13,942,350,039
District of
.
Complete, and exact details for the week, covered by the foregoing will
issue of next week.
our
ends
We
cannot
Saturday and the Saturday figures
furnish them
today, inasmuch
the
In
we
able
are
ended
detailed
elaborate
to
March
20.
For that
„
cases
statement, however, which
give final and
complete
week
there
present further
we
results for the week
was
increase
an
of
has to be estimated.
same
week in 1947.
bank clearings.;at this center
Sixth
Outside of this city there
having. recorded
that in the New York District
previous—the week
District i the- totals
to its credit
a
(including this city) the totals record
in the
Week Ended March 20
Federal
1st
; 2d
4th
5th
,
are
San Francisco
Reserve
Seventh
$
Dec.
1946
%
$
6,324,005
15.001,016
16,255,545.
95,252,676
44,583,066
5.5
195,600,000
167,400.000
—12.3
2.522.698
3,497,183
+ 12.3
2,250,519
1,692,102
2.8
85,132,311
69,545,470
7.2
75,921,425
57,813,604
+
—
+ 110.2
376,588
—10.4
695,487,293
—
4,568,127
5,123,771
+ 90.1
139,429,808
293,824 '
304,512
112,331,405
1-5
,
100,370,125
551,658,659
463,800,720
Reserve
District—Chicago1,916,885
Terre Hautei.
;;
___;
•
Wisconsin—Milwaukee—
Iowa—Cedar Rapids
7,406,346
6,392,113
5.5
4,210,704
4,179,764
4,966,799
+ 12.0
3,435,585
2,939*042
49,920,000
+ 16.9
37,417,000
34,412,000
4,710,507
+ 37.7
3,635,609
3,889,034
16,027,041
;
572,540
8.4
+
6,488,412
.
South Bend
993,964
+
5,087,540
12,860,178
+ 24.6
11,655,393
10,372,918
61,875,254
Indiana—Fort Wayne
Indianapolis.—
+ 20.8
9,588,358
53,338,000
♦
*
1,586,498
10,390,556
5,369,636
5,563,277
•
Lansing..
55,437,689
+
11.6
49,523,587
40,783,822
3,658,247
City.:
Illinois—Bloomington
29,000,713
li.298.P01
•
„
3.754,445
27,893.685
Des Moines
13,631,209
2.6
2,440,672
3,056,743
3.7
19,730,972
—17.1
8,408,801
16,987,914
7,972,096
—
—
1,097,169
944,254
+ 16.2
672,204
571,298
782,030,764
707,803,217
+ 10.5
562,725,245
522,576,406
2,749,727
2,630,960
+
4.5
1,828,141
1,650.807
9,578,843
+
4.9
7,070,106
5,867,896
3,949,554
+ 27.2
3,290,794
2,326,735
3,250,149
3,010,606
+
8.0
2,286,847
1,950,764
1,013,018,785
.
918,461,370
+ 10.3
726,731,970
666,497,892
244,800,000
216,400,000
■
10,044,368
;
...
5,021,814
Total.(17 cities):
'
$
+ 11.4
495.534,558
431,961,389
,
8,167,622,561
7,673,226,225
+
6.4
7,536,790,147
971,502.991
+
8*4
817,205:343
707,636,127
7
"
995,883,252
823,275,098
+ 21.0
689,230,231
657,895 980
Eighth Federal Reserve District—St. Louis-
6,201,401,008
1,053,588,610
—
"
456,143,798
417,750,201
—10
"
684,813,785
895,487,293
17
"
1,013,018,785
918,461.370
Chicago
.
1.7.
+
715,965
Grand Rapids—.
1945
"
6
Atlanta
+
—
9.2
364,671,871
290,612.650
1.5
551,658,659
Missouri—St. Louis
463,800,720
+ 10.3
316,600,000
Kentucky—Louisville.
Tennessee—Memphis
Illinois—Quincy—
Total (4 cities)
726,731,970
"
552,980,697
518,394,763
+
6.7
418,607,024
"
1
391,651,709
375,530,807
-f
4.3
283,777,300
225,644,539
City——10
"
-
'488,047,617
474,071.961
+
2.9
381,113,591
333,708,073
6
"
314,545,350
259,046,554
+ 31.4
214,318,663
176,247,251
"
843,568,418
722,647,088
+ 17.4
606,789,490
579,760,226
St. Paul
15,593,772,384
14,412,091,460
8.2
13,086,428,847
107,241,838^
1,539,768
2,078,321
+ 10.1
+ 13.8
—11.1
104,488,373
86,250,349
''
68,119,747
+ 35.0
51,384,978
1,198,904
418,607,024
,.518,394,763
552,930,697;
.—..——
Minneapolis
10
122,113,157
.95,369,129
.
+
6.7
+
2.4
4,459,252
+
2.1
..
193,812,314 ;
986,180
355,021,507
355,021,507
7
287,500,000
138,933,247
_
666,497,892
4'
Louis
8th St.
Inc. or
562,697,109
+
.
—13.9
684,813,785
Federal
Peoria
"
Richmond—
7th
-
13,290,504
CLEARINGS
626,907,802
9.2
124,908,007
Rockford...1
,.U
Cleveland—
8th
j
Michigan—Ann Arbor
—12
3d Philadelphia.
"
cities
110,390,416
Springfield..,
1947
$
12
._
York
New
BANK
+
an
by Federal Reserve Districts:
1948
Districts
Reserve
Boston
OF
3,231,928
96,096,318
102,489,635
Decatur..
SUMMARY
3,629*152
98,801,281
Chicago.,—.j.
summary
;
Total (10 cities).
District 17.4%.
In the following we furnish a
4,436,435
3,889,059
il,
Mobile
In the Kansas City Reserve District the increase
and
18,471,014
81,430,781
235,300,000
T
Louisiana—New Orleans
11.4%, and in the Phila¬
In-the Cleveland Reserve District the totals
District 31.4%
18,784,618
70,105,564
248,200,000
Mississippi—Vicksburg
-
Dallas Reserve
the
2.9%, in
290,612,650
Alabama—Birmingham*,...
Sioux
is
364.671,871
417,750,201
We group, the cities,
gain of 10.3%, the St. Louis Reserve District of 6.7%, and the Minne¬
apolis Reserve District of 4.3 %.
39,147,322
....
„
Macon
smaller by 1.5%. TJie. Chicago Reserve, District has
are
54,984,530
—
Federal, Reserve,District—Atlanta
Augusta
gain of 10.4%, the
was a
larger by 21.0% and in the Richmond Reserve District by 9.2% but in the Atlanta
Reserve
2,809,549
155,007.261
+ 14.4
Florida—Jacksonville.
8.2%, the- aggregate of
gain of 6.1%.
a
improvement of 6.4%; in the Boston Reserve District of
delphia Reserve District of 8.4%.
2,800,751
188,492,482
65,979,091
456,143,798;
Georgia—Atlanta^
according to the Federal Reserve Districts in which they are located and from this
it appears
5.0
+ 11.5
75,461,545
Columbia—Washington—
Nashville....
below
clearings for the whole country having amounted to $15,593,772,384 against $14,412,091,460 in the
3,648,502
208,147,493
Tennessee—Knoxville—
Accordingly, in the above, the last day of the week in all
1,369,817
3,467,062
Total (6 dties)
the week
as
1,830.373
appear,
not available at time of going to press.
are
+
232,027,206
Maryland—Baltimore.*..
1.2
+
'
—
South Carolina—Charleston.
,+ 15.9
'699,354,175
—
day—j
Total all cities for week
"in
+ 17.9
+ 47.7
cities, five days
cities)
28,487,900
4,348,531
+ 21.0
_—
Baltimore
Ten
,
—
..
'
9th
Minneapolis
10th
Kansas
11th
_
Dallas
fl2th
Francisco
San
•
Ninth
North
t; ;
Total
—112 cities
:
Outside
York
New
We
add
now
our
6,976,173,891
7,701,488,486
City
+
+10,4-
5,741,530,219
11,090,187,362
5,062,897,712
.
Federal Reserve
Minnesota—Duluth
District—Minneapolis-
1
5,764,296
5,628,577
268,264,289
262,750,291
96,822,300
86,072,388
;
3,550,684
152,146,497
+ 12.5
69,990,643
58,123,400
3,579,366
5,625,238
5,924,039
5.0
k 4,202,971
South Dakota—Aberdeen
3,567,615
3,517,130
1.4
2,495,608
Montana—Billings
2,719,070
2,717,537
0.1
2,082,270
1,509,629
8,888,901
8,920,845
0.4
6,734,242
4,900,847
391,651,709
375,530,807
+
4.3
283,777,300
225,644,539
2.4
Dakota—Fargo
*
Helena
detailed statement showing the figures for each, city for the
Total (7 cities)
—
1,834,116
week ended March 20 for four years:
Tenth
Federal
Week Ended March 20
1947
1948
Clearings
';
First
.
at—
■■
''
.
1,682,086
1,822,909
7,364,372
Connecticut—Hartford
•;v
;
3,026,136
378.167.988
+ 14.2
1,340,281
1,016,142
568,112
—
8.3;
1,518,176
6,448,187
+ 14.2
5,712,198
+
16.3
3,795,625
1,152,867.
+ 20.1
+ 72.2
2.6
26,688,700
+
6,103,270
1,382,840
1,233,218
873,173
568,325
562,697,109
+ 11.4
495,534,558
431,961,389
15,802,768
•
+
20.9
2,803,318
2,748,806
+
2.0
83,832.641
+ 13.7
63,864,551
69,900,000
1,447,126
+ 12.6
1,104,491
1,275,144
1,563,091
+ 23.6
1,630,166
.
Jamestown
,
1,932,238
7,892,283.898 ;
i
Connecticut—Stamford
:
19,611.227.
Federal
Reserve
+
8.1
259,341,221
+
1.9
6,817,498
1,689,554
+
7.4
1,360,314
+ 25.6
1,622,706
1,220,634-
474,071,961
3,159,324
+
2.9
9,140,243
s
232,560,082
5,965,575
929,760
929,005
381,113,591
333,708,073
District—Dallas—
7,I?41,501
7,452,486
264,419,000
214,541,000
22.932,760
6,662,000
20,993,973
5,365,000
+ 24.2
3,548,731
2,765,108
+ 28.3
9,611,358
;
Fort Worth
Galveston
Louisiana—Shreveport
2,255,018.
1.981,398
_L
V
1,001,558..
Twelfth
Federal
43,092,914
Reserve
7,928,987
+ 21.8
314,545,350
259,046,554
1.5
6,208,731
3,049,334
+ 23.2
177,017,000
147,676,000
—
+
9.2
16,731,984,
14,517,914
Yakima
1,023,937
+ 71.3
11,838,910
6,660,868
+ 25.2
10,888,122
7,600,387
467,258
382,591
+
54,762,865;
+
11.677,104
California—Long Beach—
7.4
31,347,210
24,430,632
40,282,324
•7,673,226,225
'+
87,761,811
103,024,533
+ 14.9
4,179,142
—17.3
3,161,431
2,539,687
+ 42.8
84,102,354
87,659,593
49,669,488
+ 21.1
39,984,077
30,470,528
12,401,264
+
9.0
+
8.3
6,694,380
4,927,943
+ 11.5
358,701,512
325,619,000
+ 10.8
8,031,244
6,245,600
3,548,186
+ 22.8
2,784,969
1,976,177
8,031,472
+ 14.4
6.487.559
4,895,901
+ 17.4
606,789,490
8.2
13,086,428.847
11,090,187,362
+ 10.4
5,741,530,219
5,062,897,712
9,399,062
7,819,133
7,221,264
451,532,679
405,000,996
10,649,410
9,613,564
4,356,355
—
9,080,153
——-—
...—
41,158,593
6.4
7,536,790,147
.
6,201,401,008
848,568,43 8
722,647,088
—
15,593,772,384
14,412,091,460
—...
7,701,488,486
6,976,173,891
Total (10 cites)
Grand,Total (112 cities)—
8,167,622,561
176,247,251
113,008,474
9,191,421
10.0,,
214,318,663
112,975,440
—10,243,118
Pasadena..
San Francisco
Stockton.—
+31.4
60,135,193
Santa Barbara
—12.6
*
6,027,289,650
13,039,309-
1,559,352
3,454,287
129,862,970
San Jose—
7,344,898,628
3,732,000
5,712,651
161,323,852
■„
Utah—Salt Lake City
6.1
5,638,0001
2,317,600
6,405,348
y
District—San Francisco—*
.—1
Oregon—Portland
23.8;
40,139,085
+
:
Washington—Seattle
+
774,908
60,225,976
314,625,928
9,801,312
76,265,790
8,429,952
488,047,617
Texas—Austin
+
12,057,941
Northern New Jersey
....
4,828,427
4.2
1,708,588
Total (10 cities)
172,140
93,489,934:
+
1,815,068
—
Colorado—Colorado Springs
Pueblo..—
17,235,257
y
677,010
Newark
Total (12 cities).
+ 18.8
10,972,838
340,034,288
St. Josephs
11,450.561
.
15,091,833
Jersey—Montclair
—11.3
5,280,027
'
9,898,229
Missouri—Kansas City
7,435,917,569
21,330,283
;
202,261
123,411,520
6,270,913
Total (6 cities)
11,296*375
95,284,473
Blnghamton
Syracuse...
3,292,351
+
8,020.704
13,659,225
....
293,803
4,725,405
11,433,135
Wichita Falls
.New York.
435,553
3.9
109,480,852
Dallas
20,007,800
:
626,907,802
Buffalo
Rochester.
1
Wichita
13,612,253;
Federal Reserve District—New York—
...
+ 32.3
2.978,741
7,445,285
28,465.100
+
424,552
6,137,100
4,020,392
.
19,380,040
6,289.701
368,816
561,732
377,509
Kansas—Topeka
Eleventh
20,207,485
City—
6,376,303
533,305
+ 12.1
r
New York—Albany
Elmira.—.
District—Kansas
Lincoln
...
423,498,060«
4,734,545
f
774,170-
3,5^5,987
29,194.300
\y
Total (12 cities)
r
1,208,921
10,829,904
;
*_•
New Hampshire—Manchester*.
New
$
;
25,476.537
Rhode Island—Providence.—
.
$
Reserve
Nebraska—Fremont
Hastings
+ 15.6
1,987,478
5,506,726
6.7
4.9
+ 10.7
736,536
Springfield——.-
Second
4,215,934
1,931,043
——
New Haven
+
—
485,121,689
Worcester
;
'
851,194
New Bedford
•
;
536.865,569
+
—,
—.
—
.
-+V; 1,575,150
1.681,204
4,011,204
■i
Lowell
•
Dec. %
1945
Omaha
v.,
*.——
Massachusetts—Boston...4
:.»[ Fall River
1946
or
District—Boston
Federal Reserve
Maine—Bangor.,—„'
Portland..
$
$
:■/;
Inc.
Outside
New York:
+
_
579,760,226
46
THE COMMERCIAL
(1402)
Company and Issue—
Condition Statement of Member Banks
29th
ber
shows
weekly reporting mem¬
Reserve System in leading
Federal
the
of
banks
cities
of
statement
the
principal
following
week ended March 17:
changes
the
for
mtge.
Gas
..
Commercial, industrial, and agricultural loans de¬
creased $23,000,000 in the City of Chicago and $16,000,000 at all reporting member banks", and increased $11,-
'*
ENTIRE
.
Company and Issue—
Date
Denver
& Salt
Lake Ry., inc. mtge. bonds, due 1960—Apr
Rayon Co., Ltd., 6% debs,, ser. A, due 1948—Apr
Mercury Mills, Ltd.—
H
1st mortgage 3Vi% series bonds, series A——y__-Apr
1st
1st
New
Water
Works
Gas
Milk
Co.—
Electric
Si
bonds,
4%
money
aAAa"a-
Essex
The
announced this
week
member banks follows:
'
'
•
•
-
- r, ■
*1
:
$2
Inc. ( + ) or
<
"
*
Reduction
Airline
:
"
•
■
.
-
i
1948
63,756
Loans—total
industrial,
Commercial,
loans
and
dealers
chasing or carrying:
r
securities
Other
^411
._
to
479
banks
—
4-16 '
+
1','r
Cash
4'/2%
647
1,703
—-
< 67
■
—
Atlantic
314
Austin
+. % 257
with
12,675
Fedpral Reserve Banks.
61
—.
+
+
1,183
Fireman's Fund Insurance
14,730
.
1,171
.A
interbank
.+
1.512
+
477
27
._
Borrowings
+
198
+
14
+
18
+
23
+
129
Mfg.
Corp.,
Welt
Extra
Debits
demand
to
interbank
except
deposit accounts,
and
S.
U.
Govt,
Bathurst
23.059
preferred
be
and
including
found
Birmingham
stocks
common
redemption
last date for mak¬
or
the details
NOTICE
,
Aroostook
Hoe
(R.)
Leeds
&
Marcy,
& Co.,
Inc. class B
stock
Lippincott Co.. bonds
1st mortgage leasehold 6 %
Branch Union Pacific Ry.—
Missouri Pacific RR.-Central
1st
4%
6t.
Louis
Gen.
mortgage (bonds
Ry.—
and
fVandqlijj
refunding mortgage 5a,
-
V YVVfiv:
Ref.
and
imp.
Connecticut
;
mortgage
Power
5
1990.Apr
"
-
Co.—
1st
mortgage
Minnesota
i.'lst
Water
3 '/as.
Transfer
15-year
York
1st
due
5s.
■•'A;a:\a;'-aAV.V,''
!
Apr
>
bonds, dated 1938___—,
Fibre
Co.—
debentures,
Natural
-.A
1970__.—
due
series A.
Gas
1255
1041
43
1
I:
v
1151
1
1
1044
■
■
1
1045
A-Va'/a''1.
___May
1960
due
1148
1043
t'
—June
1
*
v'7.;;
Water-Service Corp.—
mortgage
Oklahoma
1st
Vulcanizing
4Va%
Ir.c.—
Co.,
Ry.—
mortgage 3%%
National
New
&
Page
'
Harris-Seybold-Potter Coy 334% debentures, due 1960_Apr
Coal Mining Co., 1st mtge. 5s, due 1958——Apr
Gas
1263
1
1
1
Helvetia
Indiana
*
,
i
May
Apr
ser. A.Apr
gen.
Goldblatt
*
.fHt-
...
1951_y_____—_^__l~_Apr 26
*
■''va■,•}':v.- Aa'aa'
Apr
1 -a-749
Co.—
bonds, 2%% series, due 1961__
Oregon-Washington RR. & Navigation Co.—
A. A.'aa
mortgage
Refunding mortgage 3s, series A. due I960AprParamount Building Corp. of Seattle— .7.- y l
.
•
25-year 6% inbome debentures, due 1962—_1——;_.May
.
Public
1st
Electric
1
852
mortgage 3Vis. series D.
1961
1
—Apr
'
3-23
4-20
2
Gas
LigITt
Hoe
(R.i
Co.,
&
Gas
class
A
Electric
&
5-
4-15
1
(Ala.)'
Corp.
Cleveland
4-26
4-15
Industrial
1
4-15
Industrial
Bancshares
Corp.
4-15
3-20
Industrial
Brownhoist
Corp.
$37 Vic
6-
1
4-
1
2
4-
■
5-
4
3-19
Radio
4•
1
3-23
Investors
1
3-19
Investors
Mutual,
4-
9
Fuel &
Iron
Gas
$1.1?%:':,
(quar.)
f$5
(quar.)
Co.
1
3-31
$1.37Va
;
3-31
3-17
4-20
4-
9
1
4-10
Lane
4-
1
3-23
Lane
4-
40c
common—
1
10c
—
5-
ir
l
55e
(quar.);
5-15
$1.12 Vi
7-
—
4-
68%c
(quar.)
4-10
4-23
1
,
1
6-10
3-23
3-30
$1'
5
3-20
•
Corp.—
6-
1
5-10
15c
5-15
4-20
$1.25
4-15
3-12
5c
3-31
3-24
Hampshire)
IVc
1
"
*>•
Car
Continental
2nd
Corn
Products
1
1st:mtge. 2%s, due 1976~Apr,,; 1
1155
.
,
846
4-15
7c
4-25
4-10
5c
4-15
4-
(increased s-a)
Corp
5V
Corp.,
—:—
1st
common
Package
Mfg.
Co.
Insurance
Cuban
Telephone
6%
preferred
Dean
Phipps
Delaware
Detroit
Di
...
&
Gasket
Giorgio
Class
&
Fruit
4-
1
4-15
4-
1
4-10
3-31
4-15
4-
5
9®
5-21
4-
4-
1
3-31
3-31
3-12
3-31
3-12
5
Yards
4-
5-
4-20
4-30
60c
6-
'
1
4-
5
A.—
'
5-15
4-26
4-12
50c
_______
1
12 Vic
(quar.)
Mfg—
class
4-15
15c
50c
(irreg.)
4-15
44-
4-15
1
1
—-Va
Shares,
(Joseph)
Dodge
Mfg.
Dominion
4-26
v
25c
Co.
Bridge
Inc._
Crucible
Co
2c
5-
1
4-15
81
3-31
_2__
(quar.)
4-15
1
4-15-
3-31
4-12
62y2c
18c
4-5
5-1
4- 9
42V'sC
3-26
2-19
4-30
4-15
3-26
3-15
1
4-15
3-26
3-16
>20c
4-
1
3-19
20c
10c
4-
1
CO:
(resumed)
3-15
$1.25
3-31
3-15
13c
4-15
3-31
12c
25c
$1.75
;
4-21
3-31;
3-31
(quar.)
3-19
4-
1
3-25
5-
1
4-10
3-19
Tire
&
■
r:
,
Printing
A
:
Class
B
preferred
Joint
8%
6%
Cc. -(quar. )
Teleohcne
Luzerne
4 'A %
(R.
preferred
(quar.)
H.) & Co., 4'/»%
Public
pfd.
Manhattan
Marshall
McCall
Field
&
Extra
3-19
4-14
1
4-14
5-
5-15
15c
$30c_
.-
5"21
3
3-22
3-20
4-
1
3-22
5-
1
4-24
4-15
4-15
3-18
4-15
,3-18
4-15
4-
-
Mercury
Mills,
Ltd.
(quar.)
Disintegrating,
,
•
3-22
s.
4-17
5-
1
4-15
5-
1
4-
4-
40c
9c
50c
1
4-
4-30
5-
....
1
4-15
3-25
4-10
3-25
,
4-10,
3-25
4-10
3-25
'
5-
1
5-
1
5-
1
-t25c
4V2^.pfd.,^(quar.)^ $1.12
5
4-15
4-10
IV2C
5
3-26
4-15
25c
—
3-18
1
5-14
l'/2c
_,.....,iy2c
Co. »(quar.)
3-18
200%'''
$1.66Vi
—
1
5-
$2
Extra
Metals
>
1
3-31
^.;.lVaC
Stores
3-31
3-31'"
4-
5°c
McLqllan
:%
4-10
75c
__i—
3-31'"
4-10
4-10
25c
—_
Class -B
Extra
3-31
5-
-
—
4-15
1
$1.06 iV
(quar.)
1
4-15
20c
—.
A
3-22
5-
50c
Corp.
McFadden
3-22'
10c
$1.50
pfd. A (quar.)_
(quar.)
Co.
(quar.)
Stores, class
3-27
3-24
,
5-
v
(quar;)
Fund
Bond
1
1
3-30
75c
37'/2c.
$1.25
$1.50
$1
':
$2
$1
(quar.)
Service
4-
75c
50c
———
8% 2nd pfd. (quar.)—_____
Mfg. & Sales (stock dividend)
County Gas & Electric Corp.—:. 4.
Ludlow
Maine
6%
4-
Taylor,
&
Macy
Co..
3-31
87Vic
—
Lorain
4-15
1
Loomis-Sayles Second Fund (increased quar.)
Lord
3-20
4-
?
(quar.) ______"_
—
Extra
9
1
1
50c
—
Fund
4-
4-
$1.30
(quar.)
Inc.
:
4-16
6-
—60°
(quar.)
common
(monthly)
Mutual
Extra
4-15
1
f6c.
25c
common-—
Co.,
3-19
4-15
5-
25c
—
(quar.)
Lock wood-Dutchess,
Loomis-Sayles
3-31
30c
(interim)
(quar.)
preferred
Pipe
preferred
5
4-30
5c
(quar.)
Lock
4-
3-29
25c
______
(quar.)
Brothers.
5-14
$3
$1;
<quar.)_.
& Telegraph—
Telephone
Class
5%
1
20c
34%o
(quar.)—;
Co.,
preferred
Lincoln
3-26
6-
.
—_
Telephone Co.. 5.2% pfd.
Insurance
Co.
of
Virginia--
Life
1
95c
Co.—
Lexington
Lincoln
5
4-
'
(actum.)
(quay.).——
Electric
&
Gas
Rubber
4-
10c
_____—_——
Ltd.
3-19^
3-31
,—
(quar,)—-
Steel
3-24
1
3-25
4.
(quar.)
Co,,. Ltd.
50c
i_
B
Dividend
1
$1.50
^
Light
Corp,
4-
$1.50-
Stores—:
Power
8
t$5
—
(quar.)
(quar.)
Union. Stock
Denver
common
(quar.)
$2 non-cum. class A
Curtiss-Wright,
4-
25c
(Toronto)
Co.,
1
10c
& Seal Co.
Life
4-
30c
(quar.)
.
Cork
8
$1.75
(resumed)
Crown
Crown
1
4-
90c
—
(quar.)
Cross
1
25c
(quar.)
•.
Refining,
5-
20c
pfd.
(quar.)
preferred
Creamery
3-31
3
Royalty Oil Co.
preferred
1%
5-
4-15
133/4C
Corp.
Car-Na-Var
Rubber
Converse
5-15
$1
(quar.)
:
Heating
Dearborn
Consolidated
$1
(quar.)—
(accum.)
preferred
Consolidated
Consolidated
1
5-
5-
common
Mines,
Electric
Lawrence
Lee
5-
5-
Company,
Inc.____—Mills
—.W,——
Latrobe
Lit
—
Gold
3-23
1
Cotton
$3.50
25c
(quar.)—
Corp.
(New
Inc.
3-20
5-
—
Brewing
(G.)
1
50c
—_—
Inc.,
3-31
4-
15c
15c
Ine
preferred
Lamaque
5-
4-15
3-30
12c
$1
20c
common.
Stores,
Krueger
13c
com.
(quar.)
Combined Enterprises, 5V preferred (quar.)
Commercial
Steel
Treating
Corp.„_
Gas
Kobacker
4-
...
1
4-10
$1.12 Vi
preferred
4-24
1
(quar.)
Kurz-Kasch.
Co..:.
5-15
Y.)_—
Power & Light—
preferred
(quar,)_—
Kansas City Structural Steel—
6V
preferred (accum.) —
Keystone Portland Cement, $7 pfd.
4-30
50c
j_—__
Electric
&
$1
$1
50c
50c
City
4-15
Ry—
pfd.
8
37'/2c
4-24
3.80%
1
$1.25
h
Kansas
5-
50c
(s-a)
5
Inc.-
5-15
$1.75:
(quar.)
'
5convertible
Columbia
SIJLO..
35c
Securities
8
4-
Central Power & Light Co.—
preferred (quar.)
$1
& Chicago RR., stamped common— $0.83479
Joyce,
3-26
4-
_______
Joliet
Electric .Corp.,
$2.75
4%
A
4-
Mfg. Co. (quar.)
Jeannettc Glass,
7%
preferred
Jersey
1
5-15
James
2
4-
4-1
preferred
prior
3-24
25c
(quar,)
Management
Fund
4-
40c
4-15
5V
3-24
3-31
(quar.)
1
Co;,
3-24
1
4-30
________
preferred
non-cum
3-22
1
4-
(quar.)
3-19
6't
1
4-
4-30
.____
(N.
(resumed)
Interstate
8
a;;4- 2
4-
$1.10
Inter-Island
Steam
Navigation
Inter-Mountain.Telephone Co.—•
Common
3-22
4-22
40c\
25c .
$1.25
40c
40c
40c
933/4c
—
Commerce
of
3-31
Ltd.—
pfd.
partic.
Bank
1
Ltd.—
Illuminating,
Co.,
4-
(quar.)
5-
$2
—___
preferred
preferred
$2
3-31
43 %c
(quar..)
&
4-15
5
50c
5-
(quar.)
(quar.)
Land
3-19
60c60c
(quar.)
(quar.»
Imperial Tobacco Co. of Great Btitain &
Ireland,
American deposit receipts-——
Indiana Associated Telephone Corp.—
4-15
35c
(quar.)—
Electric
3-31
5%
4-
(quar.)„
(quar.)
preferred
3-24
1
(quar.)
4
60c
(quar.)
Bank
3-24
1
——
common
4-23
20c
Co.
Cleveland
Co.,
4-12
Ltd.—
Assurance
National
Telephone
Power
4-12
5c
-2
Bell
12 '/2c
:
:
&
1
44-
(quar.)
37 '/2C
_'
Life
Gas
4-
(quar:)_
(quar.)
Co.
56'/4C
(quar.)
Associates
preferred
3-24
Honeymead Products Co.
iquar.)__—____
Huyler's, $2 partic. 1st preferred (s-a) _—
$1 convertible 2nd preferred (§-ai
3-23
37 «/ac
(quar.)
Insurance
Hudson
3-30
common.
pfd.
Hershey Chocolate Corp., common
$4 convertible preference
(quar.)
4-1
Ohio
4-10 *
1
,
4-
convertible preferred
Illinois Terminal RR; Co.
common
&
4-15
1
(quar.)
3-23
Fire
Co.
3-20
•
4-
Company, common (quar.)
preferred
(quar.)—
1
(quar.).
Clinchfield
4-26
3-25
S
4-30
4-10
3 +4V
4-
5-
Colorado
Hecbt
5c
1
Guaranteed
3-30
3-31
—________
Illinois
Canada,
7:/o
4-9*
3-25
'
4-15
k
—
Co.,
Co.__.
3-23
5-
Chicago
Electric
1
6-
Chase
Haverhill
Coal
4-
—
Co.
1
3-19
:
4-26
.A_—__A
partic.
Illinois
(quar.)
4 V2 V
Co.,
M.)
Jackson
1
4-
20c
50c
_____
—
Creek
conv.
4-
4-17
Central
non-cum.
3-23
1
Carolina
5V
3-23
8-
Brothers,
1
4-
4-15
1
10c
1—_
(quar.)
(quar.)
Hatfield-Campbell
1
preferred (quar.)
(A.
45-
4*
"V
"5-1!
:
3-20
4-15
Inspection. & Insur¬
1
Buckeye Steel Castings,
Byron
Boiler
4-15
4-17
Byers
;
,
$1.12'/2
25c
75c
t62Vbc
t62V2c
$1.50
15c
pfd. (quar.)—.5
4.--—---
pfd.
$2.40
4-
(quar.)
of
3-20
3-31
4-301
$1.12'/2
.
(quar.)
A
Marx__
&
Steam
Co.
ance
Co.,
4-
1
Dixon
due
1
5-
5-
.
Light Co.—
6t. Joseph Light & Power Co.,
4-
25c
Co.
4-15
$ 1.25;.
7'/2C
87 V2c
25c-
—
'
mortgage 3%^ series A bonds, due 1965_Apr
Bros.; Inc., convertible preferred stock—-^LjApr
'1st and
3-19
4-15
Concord
3 Vis. series D. due 1996
Co., 5% debentures due 1958
Union Terminals Co., 1st mtge. 5y2S,
1
4-30
.
Date,
Service
Cleveland
1259
PARTIAL REDEMPTION
Chesapeake & Ohio Ry.-+
4-
t$1.25
Collins
series A, due
3-23
(quar.)
Rubber
preferred
$4.50
.
Company and Issue—
Cities
942
1153
*
mprtgagebonds___—_,.__Mar 31,.
consolidated
RR.;
1
3-15
v
-
-
4-
3-25
4'/2Ve
Mar 31
_
Southwestern
\?S 'V'-
646
1147
1961_Apr 12
__!Mar 29
May 10
Apr 13
_"_____Apr
9
bonds, due 1950____Apr 13
Square
5
$1.25
Butler
Co
5c
(quar.)——
Cardboritndum
Page
Date
Pacific
Ellicott
,
•
Valley RR., 1st & ref. mtge. 4V2S. due
Ry., 1st ref. mtge. 4s, due 1949
Co. of Buffalo, 1st" mortgage 5s.
Central
,
TENDER
OF
Company and Issue—
3-31
3-31
67c
Rubber
6%
10c
Camden
given in the "Chronicle."
were
4-10
4-15
Inc.
>;•
(quar.)
(quar.)_______
(qiiar.)
Canada
which
5C
9
40c
5f/p
fuhd provisions.
ing tenders, and the page number gives the location in
4-
6-
,
The date indicates the
1
class
H.),
9
3-18
4-20
10c
Co.
'
—
(irreg.)
Fire Insurance
British
redemption,
for
under sinking
called
those
called
Ltd.,
preferred
4-
30
4-
m
Brink's,
preferred
com.
preferred
Co.
_
(quar.)i.—a^-A
15c
Ordinary
(s-a)
Bridgeport Hydraulic
bonds, notes,
4,/2%
(Robert
4
5
(quar.)—
Insurance
(quar.)
^a--^—;
Corp.
(quar.).
——1 Va"
Inc., common (quar.)——_
Ccrp.
Paper Co.,
Co.
.
pfd.
conv.
(quar.)
1st
Home
Brazilian Traction Light & Power Co.,
list of corporate
a
B
6%
Hartford
30 c
(quar.)
Watch
Boston
Class
7
4-
Associatesr-Inc;, common (quar.)
7% convertible preferred (quar.)
Bell Telephone Co. of Pennsylvania
(quar.)
Nolices
will
&
3-20
3-20.;
,
tl
25c
Graupner
5-
4-
Beacon
[Redemption Galls and Sinking Fund
Below
A
Benrus
(s-a)—
6%
Lumber
Belyea,
5-28
75c
'
during week
&
Schaffner
1
(quar.)
Power
Class-
Gordon
Hart
$2
(quar.)
Co.
quar.)_
1
3-17
5c
Brothers
accounts,
Co.
50c
75cv
■
•
4-16
,v,
'mu.
■
(initial
(quar. >
Hardwood
Georgia
1 .:
1
:
Oil
pl:
Francisco 1—
Corp.—
Co.
Co.,
Inc.
4-
5-
Rubber Co
Bareco
70cV
4-30
B.)
Brothers
5-
L
(quar.)
preferred
$2.25
3-31
3-31
3-31
Mi.ls,
Haverhill
a
Baldwin
Co.,
9-15
4*15.
3IV2C
Telegraph
(D.
General
1
4-15.
5V pfd. (interim)425c
Ltd., ordinary (annua!).—-A10,%
preferred
5c
Co.
Bartgis
_
Motor
Halle
$1.12'/2
(quar.)
convertible
10-
75c
Ltd.,
3-26
Inc.—
preference
Products
6-15
$1.50
(San
Securities
convertible
5%
Fleury-Bissell,
1
50c
__
Backstay
387
9,238
311
banks
Guardian
First
4*
25c
Extra
1.307
Domestic
Avco
933
50
—
demapd deposits:
1
$1.12'/2
Banking Corp.,
A
$1.50
31
1
Extra
570"
4-14
1
30c
(quar.)
Co.,
4-
5-
$1.75
(initial)
com.
new
Extra
Class
—
&
Steel
Automobile
Liabilities—
47.011
Light
5-15
7-1
r.V
50c
common.—
(quar.)
prior
■■?;;;
'
Quarterly
5c
Automatic
6
17
126
+
2,442
.
—
25
"A—
757
vault™.
in
Gas
Nichols
Convertible
V.
$1
25c
(quar.)
Company
Attleboro
3,131
—
ft. 22
4.303
._
—
25c
$2.50
$2.50' ,;
1
(Syra¬
_
10c
(initial quar.)___
Hegeman Electric Co. (irreg.)'
&
3-20
3-22
5-29
Marshall Field)^
Co.). (see
Gro-Cord
preferred
Arrow-Hart
3
4-15
—
___
Refining,
Cable,
preferred
4.50V
1,068
7
—
&
4-10
10c
preferred
(quar.)
Wringer Co
Wire
1
15c
(irreg.)
&
■
15c
'
70
+
%:■+'
90
___
27.172
._
Balances with domestic banks
(Chicago)
Angostura-Wupperman Corp.
•_
Appalachian Electric Power Co.—
"
Reserve
Co.
1.7
900
+
32
2.572
._
bonds.;
Insurance
Smelting
Anaconda
'
securities
Screw
American
388
—
26
3.938
._
;
75
:
+
2,379
._
Treasury certificates of indebtedness.
Treasury notes
-—
—
S.
5-
18
•
—
15
'+
3,511
Treasury bills
Other
7
—
190
loans
\J.
12'/2c
5%
Motorist
8
3-15
4-15
,
$4.50
preferred
(quar.)
Gladding, McBean & Co.
Goodman Mfg. Co.
4*10
13 % c
—
i
(quar.)—
Sugar,
4-
2
•
3-25
American
6
.+•■
5
3,598
Loans
Other
113
276
securities
•ther
2,370
+
4-
1
4-
4-
(increased)......
com.
(quar,)
1
5-
80c
A_:
Finance.,
4-
f26c
___
.
4-15
f25c
t62'/2C
.
-
Insurance Co.
Brothers,
3-17
Gas
(quar.)—
4-
4-30
4-15
50c
,,
5
4-15
20c>
30c
(quar.)
Corp.
Gimbel
1
:
____'
&
3-22
quar.)
(quar.a-------.--
3-25
1
1
4-
75c
(irreg.)
Co.
Products,
4-15
Oil
American
1
S.
87
Co.,
Michigan
4-28
Mills
American
—
1st pfd.
Ltd.-—
Gerber
preferred (quar.) 1
American Fidelity & Casualty (Va.) (quar.)
American
Fidelity Co.
(Vermont)
(quar,)_
American Home Products
(monthly)-,
\__
.
—
4-
(increased
preferred
Gerity
8
4-
50c
preferred
Penn
Irregular-"—J-——___
349
3-29
7
4-26
343/ac
(quar.)
par)
4-
25c
2'/2C
pur¬
obligations.?.
Government
S.
for
pfd. ($25
($10* par)
:
50c
(quar.)
—a-A
5'A%
Amalgamated
117
+
preferred
1
5'A%
All
3,706
+
16
14,573
brokers
to
262
—
Payable of Rec.
3-17
(quar.)
Cc.
Light
Extra
Co.. (quar.)
Foods,
Alabama
1947
agricultural
and
_r
U.
y
372
23,392
1
Loans and Investments—total
U.
1948
(In millions of dollars)
Assets—
Loans
Mar. 10, Mar. 19,
Mar. 17,
•
Share
/
convertible
non-cum.
Air
Dec. (—) Since
\
5
3-29
(Wm-.) Sons Co. (increased ■ quar,)
Equipment Bureau, commons
participating preferred (quar.)^_—__
Participating:' >"■'
Franklin
Investors, Inc.!-—
Air
'
' '
-
,
Name of Company
Y.)
Service
Fuller
,
6-
4V
.
and liabilities of reporting
5
6-21
(quar.)
Filene's
Holders
When
4-
15c
Fhing
are:
Per
5
4-20
i
(ouar.i_—
preferred
Ford
dividends
Gas
5%
H)
Field. (Mai'Sh'all' &
declared.^
$46,000,000 in New York City
reporting member banks.
of the assets
(T.
Quarterly
6 '/<■
grouped in two separate tables. In. the
first we bring together all the dividends announced: the
current week. Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid. Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
are
4-
10c
5c
5%
Ltd.,
Brewing
Federal
Dividends
3-19
4-10
5-
20c
Corp.
Gas
Electric
N.
cuse,
4-14
3-31
„_
Phonograph—
preferred
River
3
$1.50
50c
(quav.)
(initial)
Mills, Ltd.,
4.16 V
DIVIDENDS
.
Borrowings increased
summary
&
Packers
4-10
(quar.)
(quar.) —_A__„—_
Consolidated
Radio
Esterbrook.s
1
1
5-
4-24
(quar.)„_—
Millwork
Esmond
752
1264
4-
4-15
5-15
a
Inc.
Co.,
Farmers & Traders Life
being $124,000,000 in New York City.
A
Co.
Empire Southern
1155
5
4-15
1
$1
preferred
Watch
common
Eal.slaff
deposits decreased $27,000,000 and $50,000,000, respec¬
tively.
Demand deposits credited to domestic banks
increased in nearly all districts, the principal increase
$23,000,000, at all
Sweeper
Fall
banks, and increased $139,000,000 in the San Francisco
District. Time deposits and United States Government
and
National
New
1
4-
5-
30c
25c
(quar.)
Talc
Empire
preferred stocks-—
Apr 10
Western Auto Supply Co., 314% debentures due -1955—Apr 22
Wheeling & Lake Erie Ry., 5V2% preferred stock
May -1
Wichita Water Co., 7%* cumulative preferred stock
Apr 15
•Announcement in this tssue.
tVol. 165.
11 Vol. 164.
§Vol. 166.
reporting member banks.
»
Demand deposits adjusted decreased $718,000,000 in
New York City and $570,000,000 at all reporting member
V:
Co.
$2
Emerson
4-
4-15
25c
—
Co.,
Elizabethtown
1259
4-30
15c
17c
Corporation
Boat
Elgin
second
and
preferred
Co._
Electric
Eastern .Magnesia
$2004'
f40c
•
—___
(quar.)„
.
Mfg.
Elgin
.—Any time
3-31
—
Electric
Co.—
Power
&
1949—;
(i
$15,000,000 in the Kansas City District, and $67,000,000
'
Heat
4-27
v
a
Supply
;
Coast
Eastern
&
4-15
J$3
V
Ltd.—
Co.,
Electrol, Inc.
Apr 16-
1965—
due
Co.—
4'A%
Holdings of Treasury bills increased $32,000,000 and
holdings of Treasury certificates of indebtedness de¬
creased $90,000,000. Holdings of United States Government
bonds decreased $22,000,000 in New York City,
East
'
,
A, due
Light,
series
5s,
mortgage
York
Purchase
Pet
1
Dwight
Co._
Metals
f75c
4-30
(accum.)
Ltd.
(irreg.)
—
Furniture
Duriron Co.
15
mortgage 15-year 4% sinking fund bds., ser. A—Apr 15
Muncii
$26,000,000.
,
1
pfd,
Works,
Linoleum
&
Quarterly
Ducommun
Page
General
6V>
Co.,
Holders
Payable of kec.
Share
.
Engineering
Oilcloth
Drexel
82410
112142
153
1043
*;
.
Dominion
./> -.a'.
./
.
Appalachian Power Co., 6% debentures, ser. A, due 2024_july 1
Butte Electric & Power Co., 1st mtge. 5s, due 1951—Any time
ing United States Government and other securities de¬
creased $212,000,000, largely in New York City.
Loans
to banks decreased $75,000,000 and "other loans" in¬
all
CALLED
ISSUE
Company
Coal
Dominion
•
000,000 in the San Francisco District and $10,000,000 in
the Richmond District.
Loans for purchasing or carry¬
at
Dominion
752
1
When
Per
Name of
AAA;
.
Decreases of $262,000,000 in loans
$570,000,000 in demand deposits adjusted, and an in¬
of $198,000,000 in demand deposits credited to
domestic banks.
...V
'-t
bds., due 1952_Apr
1st mtge.)
(now
Monday, March 29, 1948
Page
a
1st
crease
■'l
2d
Date
•
.
.
Corp.—
a. .A V
.-AAA.'.,.
mortgage and collat. trust 2%% bonds, due 1967_Apr
1
1089
Upper Peninsula Power Co., 1st mtge. 3'As, due 1977_May 1
Ay*
I-■"
A,'' 4
"A 'A,11 'V
■'
A',
■
.AAA,
United
and
creased
4%
CHRONICLE
•
Street Towers Corp.—
10-yr.
condition
The
FINANCIAL
&
3-31
t
:
4-12
4-12*
4-15
.
3-22
^ if
:
Volume
Number 4685
167
COMMERCIAL
THE
FINANCIAL
&
(1403)
CHRONICLE
47
'
>.
When
Per
-
Name of Company
.
>
,
;
,
i Share
.
Mid-Continent
Middlesex
Midwest
Petroleum
Monroe
Radio
5%.. preferred
*
Mutual
National
Department
Textile
37 Vic
4-30
4-10
Thatcher
(quar.)_„
62V2c
4-20
3-31
62V'2c
4-20
3-31
10c
4-15
3-31
5-
1
4-15
Troy
4-15
3-31
Tung-Sot
&
Mfg.
10c
5-
4-15
Udylite
25c
4-15
50c
5-
Lock
(quar.)
Co.
(quar.)_
Corp.
New
Laundries,
pmerred, (quar.)
York .Telephone
((-Niagara
Fi-e
1st
$1.18%
2nd
2nd
5%
2nd
$1.50
4-
1
all
arrears)
i
common
Y.)
(quar,)___
'
.
4%
Judd
(this
3%%
waukee)
77o
West
Western
Breweries,
$17.50"
5-
1
4-15
Western
Pacific
5-
Co.,
preferred
Loan
preferred
Otis
Elevator
Pacific
4V2%
Pemco
$3
(qvar.)
i
5-
Machine
1
3-25
2
6-1
4-23
3-15
3-
Plymouth
3-15
3-
4-1
5-15
4-30
5-15
(Fred
4j/4 %
B.)
Reed
Class
%
of
4-
5-
4-
9
5-
,; V4-
9
$1.25
4-30
5-
4-
12y2c
D.)
St.
St.
Louis
San
Protective
Francisco
5-
1
4-21
5-
1
4-21
________
$1.50
4-
1
3-19
(quar.)
for
(quar.)
Map
Ltd.,
Co
two
Scranton
Oil
Shaffer
(Del.)
Co.
Bottling
Stores
Slater
(N.)
Products
4.48%
Louis)
preferred
California
(The)
Southern
Oxygen
Standard
Sterchi
Stovel
Sunset
Oil,
4-
$1.25
4-
1
_J
$1
3-31
1
4-15
4-
4-
1
4-
1
4-
1
37y2c
4-30
44-
5
3-29
to
$5
(Dallas)
Insurance
40c
Stores
(N.
Ltd.,
5%
JJ
(quar.)_'_
Ltd
3-22
5-14
4-15
(quar.)
3-15
3-
5
5Qc
4-20
4-
6
-
1
3-15
1
3-20
4-
3
3-20
6-2D
3-31
3-16
75c
3-30
3- 0
50c
4-15
4-
common
10c
t5c
156%
Co.,
4-
1
3-15
Arkansas
1
3-15
4-
1
3-15
1
9-15
preferred
(quar.)
4-
1
3-13
4-
3-12
1
B
1
3-25
1
3-31
3-10
4-
4-
__
3-25
4-30
4-24
4- 1
3-15-
15b
3-30
3-15
$1.75
4- 1
4- 1
3-31
3-15
3-15,
$1.50
20c
(quar.)
30c "
$1.50
'
4-30
3-15
4-14
44
•
3-15
_._
1
1
3-10
25c
4-1
3-17
25c
(quar.)—
convertible preferred
4%%
3-25
4- 9
4-
6-'l
Armstrong Rubber class A (quar.)
Class
8
5-1
6- 1
5-1
T
& Co., common (quar.)
prior preferred (quar.)—
$6
5
3-23
3-24
fl5c
$$1.121/a
t7'/2C
$1.25
Armour
4-
.10-
Gas
1
4-10
20c
(quar.)
Western
'
1
4-
$1.75
common
(quar.)
$5
s
Co.—
10c
Co.,
preferred
$6
4-
1
3-17
1
3-
8
Aro
Equipment Corp.,*.
15c
4- 1
4-24
4-14
3-20
Art
Metal
50c
3-31
3-10
Construction
4-
1
3-20
Arundel
Corp.
(quar.)_*
4-
1
3-22
Asbestos
Corp.,
Ltd.
4-
1
3-19
25c
(quar.)
3-1 f
.3-11
Class
3-19
Associates
3-31
3-19
4-
Ashdown
(J* H.)
A
Co.
1
3-20
30c
4-
1
3-23
Atlantic
4-
1
3-23
Atlantic
25C
4-
1
3-15
4-1
3-10
3-31
6- 2
4-15
4- 1
4- 1
3-20
5-6
3-23
3-24
3-19
.
Atlantic
V
4-1
1
3-12
4-20
3-18
40c
3-31
City Sewerage (quar.)
Greyhound Corp., 4% pfd. tquar.)
Refining Co.—
4% convertible preferred A (quar.)
3.75%
preferred B
(quar.)
Atlas Imperial Diesel Engine Co.—
3-15
4-
75C
93%c
4-
3
1
Series
6-
1
5-
4-
1
3-16*
20c
1
Auto
60c
3-25
4-15
A
preferred (quar.)
"Atlas Steels, Ltd. (quar.)
Atlas Thrift Plan, 7% preferred
3-10
20c
' $1"'" 8-' X'>
93%c
5- 1
__________—_
4*
f25c
common—
3- 8
3- 8
50c
$1.50
30c
20c
'$1
(increased quar.)_
Atchison Topeka & Santa Fe Ry.___________
Atlantic City
Electric (quar.)
2Vfec
Fabric
'.
_■
4-
1
3-25
4-
1
3-17
Auto
(Del.)_
75c
3-29
3-12
Automobile
25c
4-
5
3-20
$1.75
4-5
3-20
25c
4-15
3-19
Avon
25C
4-15
3-31
Avondale
40c
4-
1
3-17
Axe-Houghton
4-
Class
B
4- 5
56140
3-31
3-16
4-15
5-1
4-1
3-15
tl5c
4- 1
3-15
4-
1
3-15
tlOc
Co.,
A
i25c
f 17'/2c
(quar.)
4-
1
3-15
37'/2c
4-
1
3-20
Ltd.—
(quar.)
Participating
75c
12y2c
•
t40c
Products
partic.. class
;___
(quar.)
3-31
Hardware Co,, Ltd.—
(quar.)
Investment
62 y2q
(quar.)
3-22
3-31
t5c
_
1
t25c
_______________
—
4-
3-17
115c
Extra
3-31
40c
Inc.,
(quar.)
59%c
4-
1
3-31
(quar.)
common
(quar.)
1
(quar.)
(quar.)
Corp.
40c
American
Car
Shoe
(quar.)
Credit
5-
common
Allied
Class
Felt
Gas
Co.,
&
&
preferred
6%'
Hoe,
& Sons 6%
pfd.
Products, Inc., 4% pfd.
77o
pfd.
4-19
Babcock
&
3-31
3-23
Baldwin
3-31
3-23
preferred
4V2%
pfd.
Wilcox
Co
4-
1
3-18*
5
3-29*
4-
1
3-23
$1.50
3-31
3-15
Bancohio
25c
3-31
3-19
30c
4-
1
3-16
$1.12'/a
$1.12 V2
4-
1
3-16
25c
4-
1
87 ViC
4-
1
-
$1.75
50c
$1.50
(quar.)
$1.50
(quar.)
$1.12 y2
3-
convertible preferred
3-31
3-19
4-
1
3-15
4-15
3-31
4-
1
'
3-
4
(quar.)
(quar.)_
preferred
(quar.)
(quar.)
preferred
Bank
!
(quar.)_____———_——
Co.
(quar.)—
—
of
Manhattan
Bank of New York #N. Y.)
Bank
of Yorktown
Barber
3-25
3-10
1
3-12
4-15
7-15
10-15
1-15-49
3-31
6-30
9-30
12-31
4-1
7-1
10- 1
1-2-49
4- 1
3-9
6-8
9-14
12-14
4-1
3-20
$1.25
40c
$1.75
$1
30c
4- 1
4-20
4- 1
4-1
4- 1
3-9
4- 1
3-10
3-10
3-18*
4-
3-20
&
(quar.)
Bankers
$1.18%
Corp.
(quar.)
preferred
4%
4-19
1
preferred
convertible
7%
3-18
4-29
4-
preferred
Aroostook RR.—
$5 convertible preferred
(quar.)
Bangor Hydro-Electric Co., common (quar.)_
4
3-13
4- 9
4- 1
Corp.—
convertible
Bangor
4
3-
3-22
3-30
8%c
8%c
8%c
8%c
• 20c
Extra
Steel
7%
'
3-30
$1.50
(quar.)
convertible
7%
!
3-22
SI.50
$1.50
$1.50
(quar.)
(quar.)
7%
7%
3-15
$1
2;
(quar.)
Porcelain
Baltimore
—
3-15
1
50c
Co.—
pieferred
preferred
6%
4- 1
4-
25c
30c
(quar.)__
preferred
preferred
4-
Electric—
(quar.)
Co.
>
3-30
20c
1
6 3>
3-la
1
9c
com
3-25
3-15
3-5
4-
5c
Inc.
Corp. (quar.)
Babbitt (B. T.),. Inc. (quar.)_
G%
4-1
8c
(quar.)_
*
Fund,
B
$1.75
(quar.)
37'/2c
Collieries
3-31
"
.
20c
Mills
$1.75
(quar.)
(quar.)
(Reading Pa.)
r
(quar.)
Mfg.
6%
&
Inc.,
(Hartford)—
Co.
40c
(irreg.)
—
25c
(B. F.)
20c
preferred
Dairies,
Insurance
quar.)
Ayshire
6C
7% preferred
Foundry—
&
(initial
Axelson
Corp.—
Distilling Corp. (quar.)
Express Co. (quar.)
Fork
4%%
8*
1
Avery
3-25
4-
Co.
Quarterly
8*
3-
1
Finance
$1
Co.,
(quar.)
Coach
American
American
3-
1
4-
$1
common—
(quar.)
Casualty Co.
American
»
1
4-
25c
75c
Corp.,
Co.
non-cum.
American
3-31
fiy2c
7- 3
10c
Arkansas Natural Gas Corp., 6% pfd. (quar.)
Arkansas Power & Light, $7 pfd.
(quar.)__
4-
4-1
Class
American
4-30
tl2V2c
Inc.
Arizona: Edison
25c
Body, Co
American Crystal Sugar com
4 V2 %
prior preferred (quar.)
American Cyanamid Co., common (quar.)
3Va % conv. preferred A (quar.)
4-16
4-10
25c
pfd.
Super Mold Corp. cf California
4-23
$2.25
Argus,
s
Brake-
American
"3-19
$10c
iquar.)
conv.
1
6-25
4-
(quar.)
American Cigarette & Cigar Co.—
6%
preferred (quar.)
_•
7-13
4-
'75c
iquar.)'
(quar.)___:
7-15
50c
Mfg.
$1.50
Co.
Business
American
—
prior preferred,
Ltd., class B
'
7%
3-22
Co.
7- 3
Corp
37y2c
(quar.)
preferred
American
3-24
3-31
4-15
75c
■
4-
(quar.)
Increased
50c
3-17
5- 1
$3
A- (quar.)
American Can Co..
5
4-30
4
3
(initial) _______15c
Insurance
$2
4%.
3-20
(quar.i____
3-17
i '• r
$1.25
Ltd., common (quar.)
convertible preference (quar.)
4'/2 %
5
4-
$1.05
(quar.)
common
Roof
Bemberg
Book
American
3-24
$1.25
28c
(quar.)
Bank
American
'
,
3-17
1
$1.50
(quar.)
(quar.)
Note Co., common——
preferred
American
3-24
25c
4-30
1
25c
4-12,i
common
Bakeries
6%
4-12;
1
f53c
4-
6-
50c
(quar.)
(quar.)
Asphalt
3-20
5-
Edison,
preferred
American
3-26v
5-
(quar.)
3-22
4-20
'
(quar.)
Co.,
Air Filter,
American
3-16"
$1.50
preferred
3-17
1
4-
'
$1
preferred
prior
75c
(s-a)
Sugar
American
5'.
____■
Inc.,
Fire
Press,
'4-10
<quar.)___
7%
Applied Arts
Argus Corp.,
8%C
Co. (quar.)
Agricultural Chemical Co.
1
1
3-31
50c
American
9
6-
4-
1
4-
-
Inc
Oil,. Ltd
Electrical
Apex
5
—
America, $3.75 pfd. (quar.)
Canada, Ltd.—
of
4-
10c
$14- 1
(quar.)
(quar.)
Anglo-Canadian Telephone
4y2%
preferred
(quar.)
5
6c
(quar.)
American Alliance Insurance
3-24
Co
Life
Brothers
4-
6-15
fquar.)_,
Co.
$7
6
$1.50
preferred
Standard Radio,
1:5-/1/
Co.
American
3-20
15c
(quar.)
3-
(quar.)
Mfg.
3-19
3-10
4- 3*
3-17
(quar.)
Co.,
Anglo-Canadian
40c
Inc.
Corp.
common
Glass Corp.,
Angerman
3-11
1
preferred
$1.06 V*
preferred
Corp.
Co. of
American
4-20
1
common,40c
$2.12
Co.
Southern
Quarterly
Stahl-Meyer,
4-
5-10
4-
<quar.)_
Co.
Southwestern
4-16
40c
preferred
Co.,
Stores
Amalgamated
3-31
$1.25
Southeastern Investment Trust, Inc. (Ky.)—
$5 1st preferred (accum.)
Southern
4-15
3-31
(quar.)
4%
Products
15c
4- 1
4- 1
4-15
4- 1
53'/8C
$1.50
$1.75
(quar.)
(quar.)_
.
62y2c
(quar.)___
(St.
Co., Ltd.,
Mfg.
1
11-29
'
50c
_________________
1
4-
(quar.)
Co.
Amalgamated Leather Cos.,
6%
convertible preferred
9
$1.06(4
(quar.)
Smyth
6-
25c
5%
Co.,
Sonoco
7-
II
(quar.)
4-
4%
preferred (quar.)
Aluminum Goods Mfg. (irreg.)
5
$1
Co.
Power
preferred
4-
t$1.06
iquar.)__
3-
Paper Mills
Aluminum
Corp.—
(quar.)
Shippers Car Lines,
6%
pfd.
4>/4%, pfd.
A
Co.
Pacific
4-12
(quar.)__.:_
Storage
Seven-Up
12-15
$5
-
Commercial
preferred
Security
4>/4%
Corp.—
Co.,
Electric
9-15
$1.25
3-18
20c
pfd.
6%
common
Laboratories,
Allis-Chalmers
8-27 /
$1.25
:
12'Ac
Distillers
(Ed.)
5-28
(initial)_______
4-10
3-15
(quar.)
Equipment
Allied
5
6-15
50c
J13C
(quar.)
Inc.,
Process,
preferred
Hocking
5c
Allied
s,--'.,-;5'-:
Corp
Arms
Schuster
4-
$4
3-15
Steel
convertible
pfd.
7%
$1.75
pfd.
Insurance
Allied
5
4-15
Markets,
Allied
quarters
__
Ry
.
Schenlcy
4-
3-15
1
(quar.f_
common
Fire
Electric
$2.50
2
$2.50
(quar.)
A
Inc.,
Aluminum
,
A
Seaboard
Allen
4-5
4-15
3-31
1
Extra
3-19
4-
4-15
$1.50
first
Southwestern
Power,
1
4-13
$1.75
________________
'
preferred
Super
3- 0*
3-15
Metal, Inc. (quar.)_
Copper Mining Co
25c
4.20%
preferred
Vicksburg Ry (s-a)
Allemannia
Ry.—
preferred
Saguenay
4-
$1.50
Anchor
$2.50
Paper Mfg. 6%
preferred (quar.)
4'/4%
pieferred
Allegheny-Ludlum
2
50c
(initial)
A
payment
Louis
Seaboard
7%
5-14
50c
3-15
4-
(quar.)_
Power,
Aldens,
4-15
_______
3-30
$2.50
Iron
&
&
Albers
1
Fuel
4-15
Co.—
Anaconda
3-25
(s-a)
Alabama
4-15
6-
Ampco
3-15
4-
is-a)
Alabama
5
5-1
3-10
1
$1.25
Albemarle
5
3-
4-
(quar.l__
5%
Sierra
4-
5-13
.
5%
5%
4-15
2-15
1
40c
Youngstown RR., com.
preferred
Alabama
20
f50c
4-
62'/2C
(quar.)
preferred
Co.,
&
4- 2
$2.25
(quar.)
Telegraph
(quar.)
prior
v4-
50c
3-24
7
40c
iquar.)
1948
Savage
3
5-
$1.25
common
Co.
Canton &
Alliancewa.re,
fouar.)
Corp.
5%
\
Corp.___
preferred
Above
•»
3-30
$3c
4-10
iquar.)
Mfg.
&
Amoskeag Co., common (s-a)
$4.50 preferred (s-a)
21V2C
(quar.)
5%
4-12
1
55c
'
r
Co
class A
35c
1
—
f 25c
(quar.)
v
3-15
3-22
3- 5
Co.—
convertible preferred (quar.)
American Zinc, Lead & Smelting Co.—
'
3-17
$1.75
;1
(quar.)
4-15
4-24
40c
preferred
3-31
5-
90c
$1.06'A
preferred
Electric
preferred
Croix Paper
Sanborn
4-15
B
20c
Fund, Inc
:
Agnew-Surpass Shoe Stores, Ltd. (quar.)
Agricultural Ins. Co. (Watertown, N. Y.)
Quarterly
Akron
Yarn
$5
3-20
3-31
4- 1
3-30
4- 1
$2
—
Extra
1
!
,/.
Extra
t25c
(quar.)
Insurance
15c
15c
Woolen
Class
Engineering—
3-31
12y2c
(quar.)
3-
3-31
4-20
Co.
Life
12'/2c
i
(Indianapolis)—
(quar.)
6% preferred
Tobacco,
3-25
1 •'
(quar.)
Standard
Ainsworth
3-31
4-20
25c
7%
St.
4-15
6c
1 ■
1
i2y2c
Ahlberg Bearing Co.
1
COc
/.
4-
$1.25
(quar.)
Co.
6- J
3- -4
3- 4
(irreg.)'
Bottle
preferred
American
3-25
Ltd.—
Corp.
Surety
7- 1.
4-1
4- 1
3-31
50c
$1.50
<
30c
Telephone
3-10
1
4-
iquar.)
preferred
&
<s-a)
Refining
American
3-10
1
4-
t62»4iC
Corp. com
convertible
3*15
3-26
20c
.-—
;
(quar.)
American
3-1
Affiliated
4-20
17y2c
„
1
4-
1
'
Corp.
2-27
4-15
4-26
$1,816
(quar.)
Co
Co.
Thermos
15c
Mig. Co.
lnsuiar.ee
5%
9
$1.10
D.)
Casualty
4-15
1
4-
|37y2C
Refineries,
Aetna
4-21
5-
_
(J.
Sugar
preferred
American
Holders
When
3-31
$l.l2Va '
\vl5c
Corp.__
r
Co.
American
Payable of Rec.
9- 6
12- 0
3-10
3-10
10c
Stores
American
T/o
6- 4
12-15
4- 1
4- 1
$1.25
:*7'''
Insurance
Quarterly
Steamship
;<
4-
partic (quar.)__^
Ltd. (interim)
Aetna
1
5-
Sugar
Works,
Aetna
4-15
4-
1
(Canada), Ltd.—
(Geo.
of
6%
3-22
5-
States
5- b
3-1 b "
1
9-15
$1.75
$1.75
4%
preferential
Aetna
3-22
1
5-15
10c
Typewriter,
5%
1
4-
5-
7
A
Aero vox
a
_
&
Addressograpn-Multigraph
1
95c
(quar.)
common.
A
7-19
50c
(quar.)
preferred (quar.)
Straus, Inc. (increased)
Glove
Adams
23
$1.061/4
(quar.)
quar.)
pfd.
2
IV2C
(quar.)
prior
Class
1
25c
$2
8-
4%%
Paper Co, Ltd.—
preferred (quar.)
Acme
3
4-
f$l.50
(quar.)
Co.,
A.)
American
30c
Admiral
f75c
B
Roper
4-
3
(quar.)
Island
Royal
4-29
75c
Colorado—
American,Stamping
6-19
Share
Petroleum
Acaaia-Atlantic
$1.07y2
pfd.
new
lincreased
redeemable
Rhode
3-24
4-
Products
Reitman's
5
Co.
Co.
(C.
3-26'
3-30
common—
Co.,
preferred
Reading
1
3-31
4-15
_________
Purolator
4-
25c
Proprietary Mines, Ltd. (interim)
Prosperity Co., 5% preferred (quar.)___.
Provincial Paper Ltd., 4% pfd. (quar.)_____
Common
3-19
22y2c
/
3.90%
«
1
75c
.
Co.,
4-19
5-19
1
week, these being given in the
Company
Laboratories
Abraham
4-
25c
Edison
1
1
7-
4-
6-15
$1.50
Corp.
5-
3-19
5-15
$1.75
'
_
Snuff Co., common
preferred (quar.)
American Spring of Holly
(quar.).
American
this
(accum.)
Co.—
Co.—
6-
4-15
50c
)qiiar.)___
1.
(participating)
25c
6-32
n
6%
give the dividends announced in previous
paid. The list does not include divi¬
we
$2.50
-
___
Seal-Kap
3-3tl
3-32
7-2
25c
(accum.)
Service
4-15
4- 5
Co.—
j
Light, $5 pfd.
25c
com.
$1.50
4-30
4-
(quar.)__
quar.)
Potonrac
Co.,
$1
American
Abitibi Power &
4-30 Ay 4-15
4-15
&
25c
Jr.
Insurance
convertible preferred
Preferred
1
(monthly)
Fire
Rolling Mill
American
3-3J
3-0
3-lfl
-
10c
(quar.)
Power
American
•
1
2-
iy2c
50c
'
(reduced)
Service
1
25c
Co
Co.,
11-
4-15
4-1
3-31
common
Co.
preferred
4J/2%
1
1
11-15
News
preferred
$6
2
$1.25
Co
(quar.)
Amer. Radiator & Standard Sanitary
1
8-
3-31
$1.12%
5%" preferred (quar.)
Co., 7% preferred (s-a)
Cordage
2-
8-16
Extra
20c
'
-
Public
Abbott
50c
Employees stock
Plymouth Rubber Co.
7%
1
$1.25 2-15-49
7
(quar.)
announced
Aberdeen
50c
Phillips-Jones Corp.,
Tool
American
:
Name of
1
10c
(quar.)
Petroleum
3-31
5- 1
8-2
Per
50c
*
pfd.
American
5-
97'/2C
25c
50c
—
—
25c
5-25
____
prefer red
4-16
4- 1
4- 1
common
(bi-monthly)
American OpticaJ Co.„„_a
American Paper 0oods, 7%
pfd.
7% preferred (quar.)—
preceding table.
3-22
4-
-
3.8%
3-20
3
5-15
35c
4-15
3-13*
3-13*
10c
National
Initial
American
.
4-15
1
5- 1
—
Co.,
American
dends
3-31
(quar.)
Inc.—
1%%
1
5-
$1.25 4
Monthly
4-21
1
7-
Gear
&
preferred
Prophet
1
f25c
$1.25
_
,
Philadelphia Electric Co.,
''4.3% preferred (initial
:
:
3-31
10c
iquar.)
"
Pennsylvania Power,
Plomb
"
12V2c
(quar.)_____
preferred
4-
Monthly
3-22
28%c
.
Pioneer
Wrigley (Win.),
Monthly
2
4-
common_____
4y2%
4-24
*
5-
10c
American
1
3-31-
Corp., common (quar.)__:
preferred
(quar.)
4.4%
iquar.) i
(Mil-
.
Perkins
preferred A
pieferred A
Below
Penman's,
Ltd.,
common
(quar.)_____.
S3
preferred (quar.)____________________
.
(quar.)
4-20
Co._____________________
Peaslee-Gaulbert,
4-24
5-10
(
of
De-
Common
weeks and not yet
convertible preferred (quar.)
Coast Terminals Co., Ltd.
(s-aPj)
Pacific
5-10
$1.25
(quar.)_r_
of
Co
4-15
11-
share
Foundry
Meter
4-
75c 2-15-49
A
&
Molasses
3-20
$40c
;
but
rate
$1.75
Co.,
(quar.)
American
1
■*
the
37'/2c
Products
5-
37V2c
$1.06'A
$1.12'/2
Frac¬
at
stock._______
Metal
3-31
4-
capital
issued,
l/75th
preferred (quar.)
Manufacturing
American
American
Co.
held.
be
Locomotive
4-12
1
3- I
3-13
(quar.)
Machine
3.90%
3-31
3-22
not
each
for
preferred
7%
4-1
4- 1
—
shares
distributed
be
Edison
3-31
4-
(quar.)
preferied
preferred A
t$1.75
Aggregates,
American
3'
(S-a)_
3114c
Edison
75
will
shares
preferred
6%
7
(quar.)
common
5'o
4-20
93%c
Co
Coast
.".
Co.,
Common
Inc.—
(initial)
Mfg.
American
3-29
4-15"
Detroit
each
will
6c
(quar.)
(quar.)_:
Ltd
RR.
3-20
$1.75
___<
.
5%
3-29
1
tional
4-30
Co
3-20
A/
4% %
preferred A (quar.)
$0.59375
Oliver Corp.; 4y2% con v. pfd. iquar.)
$1.12 y2
Old Colony Insurance Co.
(quar.)_________
$5
Old Poindexter Distillery, Inc.—
':MQ
v.:
Orangeburg
1
$3
(quar.)
Mfg.
1
4-
Insurance
Gas,
preferred
1
'
i
Natural
44-
11-15 4
4-14
\$1.25
__
#
(quar.)__
4-15
75c
$1.50
Discount
1
(quar.)
Service—
common
5-
Common
5%
iquar.)
&
Oklahoma
Co.,
27 5/6c
8-16
5%-
(quar.)
Confection
3-31
4-15
5-15
3-17
common
4-9
75c
4-14
preferred
cash
75c
3-31
Ltd.,
3-20
3-31
of
for
3-31
5-
J.)
Illinois—
of
(stock dividend)
share
stock
4-15
4-15
1
Common
One
4-16
4- 1
f25c
(s-a)__
■
4-
20c
'
5%
Mills,
5-1
3-15
3-29
(quar.)
common
4-
30c
(quar.)
&
3-20
(quar.)
5-10
preferred
3-20
3-20
1
Common
25c
National
„
Flour
Preferred
Ohio
4-15
(quar.) ________j-r.
convertible
Oberman
Ohio
4-15
Airlines, Inc.—
Northwestern
Ogilvie
-4-15
1
1
(quar.)
preferred
Northwest
4.6%
1
Co.—
(quar.)
Greyhound Lines,
1
4-
15c
$1.12V2
—
iquar.)
5-
___
.
4-
5-1
N.
10C
Co.
5%
30c
Corp.
Light,
preferred
Point
4-1
preferred (quar.)
American Light & Traction
Investment
75c
Investing
Gas
convertible
$1.20
4-30
3c
___
(initial).
preferred
Coast Telephone Co.—
West
5-15
$1
Mills
5-
clears
preferred
Northland
( $4.25
'i-7 $4:50
American
(irreg.)—
(Newark,
American
Co.
RR.
5%
Power '(Del, )—
preferred
7 %
Street
4-30
Coke—
&
preferred
$1.25
__
(quar.)
States
Washington
(quar.37y2c
Co.
Public
5%. preferred
Northern
Warwick
3-31
3-26
Coal
5-
preferred ~.(quar.)
Northern Indiana
Wall
3-19
clears
payment
Railway
Mfg.
3-19
1;
5-15
Corp.
:
$1
Massachusetts
&
Iron
1
4-2
"
Royalities Co. - (liquidating)
Corp., class A (quar.)
4Vi% preferred (quar.)
convertible
4%
3-31
$1'„
•
■"
&
$6
4-
t
&
Co.,
Insurance
Extra
troit
Chemicals, (irreg.)
$1.25
(quar.)
adjustment
-,
North
•4-
$17.50
Co.
Oil
Insulator
American
87'Ac
25c
43%c
Radium
Vermont
J\ •. ? v"
,-v
•
Western
S.
S.
1
Products, common
preierred
Industrial
Upson
3-25
4-
Omaha, Ltd._
(quar.)
$1.25
(quar.)
(tnis payment
A
Miik
of
participating
S.
U.
4-16
4-15
25c
_
File
&
U.
Virginia
.''Special
Norfolk
9»
U.
iquar.)
A
preferred B
Nicholson
V
4-15
1
(quar.)
preferred
1st preferred
all. arrears)
-V.
1
5-
-"$2
(N.
preferred E
5%
;
5-
$1.50
Inc.,
preierred
75c
3-25
20c
Corp.— '
Power
preferred
5%
5%
$3.50
United
4-
1
Co.___^
Insurance
^Niagara Hudson
5%
3-22
4-
___
England
$6
5
4-
3-29
Co.
American
4- 5
3-19
\
75c
Union- Sulphur Co. (increased) ___________
United Cigar-Whelan Stores Corp.—
A/'-
Yards
4- 5
3-26
75c
9*
4-15
Stock
4-19
20c
25c
——
4-
4-24
England Confectionery_,^____*_i.^______
England Gas & Electric Association—
Quarterly
Corp.
(monthly)^
lc
15c
preferred,
80c
$1.75
25c
10c
20c
25c
(quar.)
Products
3-19
3-19
3-10
3-16
3-If
3-15*
4- I
3 1
4- 1
4- 1
3-31
3-31
4- 1
4- 1
4-15
4-1
25c
(quar.)
Home
60c
___—_
1
15c
<s-a)
Inc.,
preferred
7%
American Hardware
4-19
*—50c
Union
50c
pid. (quar.)
Canada, Ltd.—
(quar.)
common
Works,
4-15
3-24
1
3-31
—
50c
15c
(quar.)
Co._________
Lamp
6-
Payable of Re:.
Share
25c
$1.50
•
•
.
Co., common—
preferred (quar.)
Hard Rubber, common (irreg.)—
2nd
$6
American
1
70c
(quar.)—___
7
Western
of
preference
Co.,
preferred
4-19
6-
r
$70
_____
4-
J $1.50
4%%
Brothers,
Finance
Sunshade
3-15
1
6-15
of Company
Holderj
When
Per
.
Name
American
(quar.) _______
common (quar.)__
Co.,
1
5*
20c
Y.)
(N.
Mig.
Glass
(irreg.)
interest
prop,
Co.
convertible
6%
Castings Co.—
Mig. Co.__
preferred
New
■■■'.
Time
of
Banking
$2.40
.
20c
?___
Products
New
1
1
50c
Malleable & Steel
Neisner
V
i,-
(extra)
Stores^ (quar.)
Resumed
New
5c
(interim)—_
Corp. (quar.)
Shares) —
-'(
*
American Hair & Felt
(Sub.
—
Certificates
3-19
56 Vic
Mig.
Irregular
4-
3-31
(quar.)
&
Trust
Land
4-
$1
(quar.)_____
.
Payable of Rec.
..20c
27c
f5c
(quar.j
preferred
Mines, Ltd.
Gold
Paciiic
4-15
pid,
Products
National Screw &
6%
3-20
1
(quar.)——__
Co.
common
Malleable
Haute
Texas
5c
.__
National
Neon
4-
Teck-Hughfts
Terre
5
50c
(quar.)
Distillers
Extra
4-
Light
Holders
When
Share
><•.,.■(
convertible
4.32%
___
Fund
Chemical
National
3
3-17
._2_
(quar.)
Investment
Nationai
-
5-
1
4-15
■
25c
class A (quar.)
(Bait.) iqi.ar.)
Narragansett. Electric,
4V2 %
National Co., Inc. (resumed)
•'National
1
4-
15c
Morrell
.■
6-
25c
'
_____
Co.
(John)
& Co.
(quar.)_
^Mountain States Power, common
■
'iayior & Fenn Co.,
5
$1.50
(irreg.)
&
Society,
juoan
Monumental
3-15
3-
10c
Corp.
(quar.)
Suppiy______
Shipping Co. (quar.)
Mississippi
3-15
1
3-15
Co._________
Produces
Piping
1
4-
.
Michigan Sdamless Tube
0) Company
Taunton
Gas
Per
>'
.
Name
4-
Michaels, Stern & Co., class A—$1
B
k-s
—___.__i._4._w.'.
$1
"'Class
Holders
Payaole 01 Re c.
Trust
Co.
Asphalt
(N.
Y.)
(N.
Y.)
Corp
-
(quar)—
(quar.;
—
$3.50
4- 1
3-19
75c
(quar.)_____—__
4- 1
3-19
45c
4- 1 '
3- 4
50c
4- 1
3-17
'
\w
■
48
(1404)
THE COMMERCIAL
&
FINANCIAL
CHRONICLE
Monday, March 29, 1948,
-
Per
Name of Company
Barker
Brothers
47aVo
(quar.)
4ya %
_
.'56740
.___
Camden Forge
4-
1
3-22
Camden Refrigerating
75c
(Ludwig)
Lomb
4%
&
4-
1
3-10
3-26
preferred (s-a).
Campbell (A. S.) Co.,
3%%
Beech
Creek
RR.
Co.
Belt
Railroad
6%
Co.
Stock
&
preferred
Aviation
Bendix
Home
Benson
&
4%
3-15
6 7c
$2
Limestone
preferred
Packers,
Poods,
Bethlehem
Bibb
Mfg.
50c
1
3-20
Canada
75c
4-
1
3-20
Canadian
Breweries,
3-31
3-10
Canadian
Bronze
37 72C
Corp.,
3-30
3-18
30c
3-31
3-15
common
3-31
pfd.
Cement
(quar.)
3-15
5-
50c
4-16
1
(quar.)
Inc.
Bigelow-Sanford
One
extra
each
4-
$1.75
4-
2-24
50c
pfd.
4-
4-
1
30c
(quar.)
4-
1
.
(reduced)
Carpet
share
share
4-
4-23
(stock
of
held.
:
stock
to
5%
Bird
Machine
Bird
Black
Sivalls
Canadian
Fairbanks
Canadian
Food
25c
3-30
3-15
12720
3-30
3-15
4-
3-20
Co.
Bryson
Bobbs-Merrill
Co., 4 Vi7o
Airplane
Co
Boeing
Ami
Co.,
pfd.
Class
B
(quar.)
Book-of-the-Month
A
preferred
Bostoji &
Boston
Edison
Increased
Mills,
3-31
3-19
3-31
$1.25
preferred
A
3-19
3-16
1
4-16
4-
8%
2
4-
1
3-17
1
3-17
472%
3-31
2-28
Canadian
60c
5-
1
4-10
4-
1
3-22
20c
4-21
$7
3-22
3-30
(quar.)
3-16
31740
4-
1
4-
1
3-
25C
4-
1
4-15
com
3-20
3% 7c
British-American
Oil
Common
"3%%
preference
(quar.)
British-American Tobacco Co.,
preferred
preferred
Bronx
(E.
5%
class A
(quar.)
$1.25
93
Burger
%C
0 4- 1
47c
Butler
Water
class
Co.,
Inc.,
preferred
Case
;
2-26
2-26
(J.
3-10
3-31
2-23
Cohen
4-15
3-27
3-27
$3.50
4-
1
3-1
Collateral
Ice,
5-
1
4-10
Colonial
Sand
4-
7
2 72%
4-
Light
1st
3-10
Columbus
&
3-11
3-11
'
75c
4-
1
3-19
4-
1
3-15
35c
3-31
3-16
$1.25
3-31
3-16
3.60%
B
50c
4-
50c
47f
7 7o
2-26
Commonwealth
4-
1
3-15
Commonwealth
Water
60c
4-
1
50c
4-15
3-31
4-
3-16
Commonwealth
Central
Coal
4-
3-19
Central
Fibre
1
(quar.)
$6
preferred
4-
3-15
67c
3-15
Central
1
1
4-
—!—
pfd.
(accum.)
Aquirre
Sugar
Coke
&
Connecticut
Fire
4-
1
3-12
Connecticut
General
4-
1
3-
Connecticut
4-
1
3-16
$1.90
$1.75
4-
1
Corp.
Co.
4-8
4-30 *
4-
40c
4-15
3-31
30c
(irreg.)____;
com.
3-16
4-30
25c
„
5-
4-15
50c
(quar.)
4-
1
1
8
6 76
Franklin
Hanover
3-15
Illinois
3-15
Central
Process-—
Illinois
1
3-15
4-15
3-31
3-12
4.1%
4.1%
Central
3-12
47c
3-12
Central
4-
1
3-20
1
3-16
4-
1
3-16
&
Trust
3-20
Consolidated
1
3-20
Consolidated Dry
3-20
7%
Illinois
Public
New
__.
3.40%
Power
pfd.
(quar;)
3-28
Central Ohio Steel
Products
3-28
Central
Paper
Co,
Ststes
Electric
4-15
3-28
Central
4-
1
3-19
6%
4-
1
3-12
3-16*
(quar.)
28 78 C
4-
1
3-16
Common
Certain-Teed
3174 c
4-
1
3-16
$1.50
4-
1
3-15
4-
1
3-19
4-
1
3-19
4-
1
3-19
50c
3-30
3-26
4-
1
3-19
4-
1
3-15
44
1
1
3-15
3-10
47a%
472%
472%
Chain
Store
472%
Class
A
1
3-15
1
4-15
Chase
3-31
4-15
3-31
4-15
3-31
4-15
3-31
62 tfC
5-15
4-30
6-15
4-30
1
1
3-12
4-
1
3-11
s.
3-10
Transit
Candy Co.,
Consolidated
Natural
Consolidated
Paper
Consolidated
Retail
Ltd, class A
Stores, com.
Gas
40c
Co.
1
5-10
9
3-19
3-31
3-19
Consolidated
Steel
Textile
3-31
3-15
Consumers
Gas. Co.
3-31
3-15
Consumers
Power
1
5-
1
4-
5-
1
4-
5
3-31
3-15
Continental
Assurance
4-
8
3-18
Continental
Baking
,6-14
6- 4
$5.50 preferred (quar,)
Continental Bank & Trust Co.
6-14
4-9
3-22
Continental
Can
1
3-19
Continental
Foundry
Quarterly
6-
1
5-15
1
3-20
4-
1
3-
Gas
56 74C
4-
1
3-20
Continental-United
5674C
5-
1
4-15
prelcrence
50c
3-31
3-12
25c
4-
1
3-24
4-
1
3-24
5-
1
4-
4-
1
3-15
4-
1
3-15
(s-a)!
3-29
3-15
40c
3-31
3-15
3-31
2-27
Cornell
Dubilier
$1.21
4-
1
3-
$1.12 te
4-
1
3-10
Corning
4-
1
3-15
3 72 %
3-31
4
$5.25
50c
3-20
3 72%
1
3-20
Coronet
4- 1
3-20
Corioon
4-
1
3-16
$1
45c
4-
1
3-15
Cottrell
10c
4-15
3-31
27aC
3-31
series
!
(quar.)
I reduced)
$1
25c
3174c
4-
50c
5-15
5-
5
50c
3-29
3-
8
25c
.3-29
3-8
Crain
30c
L.),
4-
1
3-18 !
4-
1
3-18
50c
4-
1
3-15
40c
4-
9
3-29
t$2
4-
1
3-15
$1.12 7a
4-
1
3-12
3-31
3-15
(quar.)
30c
25c
4-
1
'.4-
1
20c
4-
1
20c
4-
1
9334C
(quar.)
.______!
(N. Y.)
4-
1
1
p"fd,
(quar.)
Machine,
25c
common.
$1.25
Corp
,
■3-12*,
'
$1.37 7a
(quar.)
(quar.)
%"
-___.—
.
$1
.
3-I2*»
;
3-23 r
3-23
'
,4-
3-19 ;
1
4-
25c
(quar.)
;
3-15*;
4-1
1
3-19
3-18
3-29
3-
3-31
,
.
1
3-10 1
25c
preferred
.3-31
75c
(quar.)
(quar.)
pfd.
(cfuar.)
preferred
3-31
3-19',
4-
3-19
$1.62 (a
(quar.)
3-19
1
,
j
$1.31%
4-15
12 tec
3-31
3-17
877aC
3-31
3-17 1
877aC
3-31
3-17
$1.50
—
3-31
3-19
.
4-
3-23
>
3-20
:
25c
(quar.)
& Sons 67c' pfd. (quar.)_—
(C. B.)
(R.
3-15
Electric—
A
Ltd.
A
$1.50
Corp.
4-
3-22
1
1
.
tlOc
(quar.)'—
'
Cream of Wheat
5-21
1
.
4-15
1
4-
_
Glass Works, common
preferred 1947 series (quar.)
preferred (quar.)________
Phosphate
Co.______
& Reynolds Corp.—
dividend
5-17
6-
tl6%c
3-20
50c
,25c
.
3 15
3-15
—
(quar.)
pfd. (quar.)
Industries
672%
(Peter),
1
3-29
f40c
(Boston)
Cooper-Bessemer Corp, common
Cooper
4-
25c
(Del.)_!
preferred
9
—
Ltd
common
Electric
&
Co.
.
6
'
$3.75
&
:
53c
Co.
Co,
Oil
prior
5
4-
:
(quar.)
(Bait.)
_——
Continental
$3
3-
10c
(increased)
$4.50
i.
Continental
prior
'3-20
$1.50
__—
Co,
:
5
477aC
(Toronto)
Co,
6-18
Co..;(quar.)
1
4-
(quar.)
3-20
(quar.)__
v4-
25c
Corp.
.
1
50c
(quar.)
Co
Press,
5%
4-
$1,25
3-10
4
4-30
1
SI
3-10
preferred
*
3-31
4-
75c
(quar.)_
(quar.)
1
6-
5-15
4-15
55
(quar.)
1
1
Cherry Rivet Co.
(quar.)
Chesapeake Corp. .of Virginia
Extra
B
C
4-
1
(quar.)
3-11
Corp, common (quar.)
4-
4-
common
3-11
$1.12 te
Pwr.
Trust
,7-
convertible preferred A (quar.)
Chefford Master Mfg., 5% pfd. (quar.)
Chemical Bank & Trust Co. (N. Y.)
(quar.)_
Chemical Fund,
Inc
___"
Mfg.
&
Mfg,
10c
.__
1
1
$1.50
(quar.)„
$1.12 te
5%
Chesebrough
Lt.
Investment
474%
;
Y.—
Lithograph
Building Corp.—
Co.
N.
Consolidated
(quar.)
(quar.)
Corp.—
44-
$3.50
Consolidated
6-
"
—
;
5
preferred
.
—
;
of
series
series
15c
(annual)
Charleston
5-
4-20
4-
4-
$1.37 7a
•
90c
Grocers
4-
63C
4-
preferred
$i.i2te
3-12
.50c
3-15
;
SI
$1.25
!
Elec.
(quar.)_
4-15
6272C
__
3-31
/
(quar.)
2 7c
$5c
$1.75
(quar.)
2
(quar.i
1
12V2C
Champion Paper & Fibre—
$4.50 preferred (quar.)
Chapman Valve Mfg. Co. (quar.)
$1.177a
(quar.)_
3
3-15
Canada, Ltd.—
3-10
__
3-
3
of
Co.
.
Co.—•
preferred
3-
15c
4-16
$1.50
common
34-
1
-
3-
4-
3-24
1
4-
'
3-21
;50c
4-
1
(quar.)
preferred
57c
9
5-
.
common
87 tec
(quar.)
Commerce
3-31
9
3-
3-31
(quar.)
3-31-
$1
,30c
3
3-31
$1
Consolidated
common
preferred
pfd.
3-19
40c
•
3-31
6c
(quar.)
Insurance
(s-a)
Gas
j
Co.
lquar.)__
3772c
dividend)
Investment
conv
Chamber of
3-19
1
U/vS
•3-31
3-26
»
—
(Del.)
pfd.
43%c
(accum.)
.".
Products,
/conv.
1
Co.—
Chadbourn Hosiery Mills—
Common (increased quar.)
75c
(quar.)
Corp.
15c
(quar.)
Wire
(stock
4-
4-
47o
4-15
•
3-31
(Del.)
Consolidated
(accum.)
C
Common
472%
4-15
35c
Corp. (quar.)
Goods Co, common
preferred
.
4-30
4-10
J5C
37 72 c
$1.50
(accum.
prior preference
prior preference
40c
common
(quar.)
Service
&
A
B
3-12
,85c
Co.
Century Electric Co.,
Common
(cash
dividend)
3-18
3-10
V.
Trust
87 tec
—
(quar.)
2%%
(quar.)
Packing Corp.,
preferred (quar.)
Steel
1
28 78c
(s-a)
preferred
6%- preferred
Central
4-
(Holding), Ltd.—
7%
preferred
preferred
3-31
1272c
(quar.)
Corp.
preferred
1
$5
Consolidated
(increased)
(quar.)
(quar.)
$1.75
___
(quar.)
Life
Edison
Consolidated
4-
Corp.—
3-30
3-16
3-19
$1.0272
_______
Corp. (Calif.)
York
1
•w*
Maine
Central
1
4-
$1.02 te
Power, common
3.5%
preferred
(quar.)
6 7c
preferred (quar.)_
3-17
5-14
70c; ;
Cigar
Consolidated
4-
$1.12 72
^
(quar.)
Investment
3-15
$1
—
Service—
4-15
$1.1272
&
pfd.
Power
preferred
327aC
-
3-15 -
Quarterly
1
—____%•
(quar.)_
Gas, com. (quar.)
4727c pfd. (quar.)
4-15
3174C
(quar.)
(quar.)_
6%
Bakeries
4-
Co.
&
Light,
preferred A (quar.)
preferred B ' (quar.)
preferred
3-31
3-31
4-
Bank
Electric
3-15
3-15
1
t25c
Consolidated
4-
3-31
It
1
4-
65c
(quar,)__"_—
40c
50c
50c
4-
(quar.)
(quar.)_!
River
Inc,
37 tec
(quar.)
8
4-
Co
(quar.)
preferred.
Connohio
3-
HOC
Insurance
preferred
Connecticut
>
4-19
15c
(accum.)_!
Corp,
preferred
3-31
2te%
Electric
Light & Power,
$2
3.20
-
4-30
$1.50
Conlon-Moore
3-16
9
$1.75
3-12
preferred
1
3-
15c
(New Hampshire)
3-20
(quar.)___
Products
preferred
Central
20c
B
Co.
y.
3-10
6-15
Light—
3-20
37 tec
—___
1*
4-30
3-30
Gas
4-20
7,
1
4-
:
12 tec
(quar.)
3-31
6-30
_L______
(quar.)
preferred
7%
3-31
4-
:
3-22
$3
&
$7
Concord
3-17
5-15
25c
(quar.)
572%
1
$1.18%
1
10c
common
Southern
1
1
1
4-
(accum.)
1
!,
4-15
4-
4-
&
preferred
4-
:
11-
$1.50
;__
4-
40c
1
1
(quar.)
40c
$1.75
5-
12-
3-17
-
90C
58%c
t$1.75
1
50c
dividend)
Co.
Water,
4-
1
6-
(quar.)
(Indianapolis)
3-15
25c
1
4-
iquar.),_.
(quar.)
4-
(increased)
com.
preferred (quar.)
Corp., common (quar.)
preferred (quar.)__—___.
3-31
1
Loan
preferred
3-15
3-15
3-15
4-
$1.25
Investment," Co.
1
1
"
,
50c
5
5c
;
1
$7.50
Corp
4-
—
Celotex
Central
1
B
Bank
4-
(quar.)_.
3-1:1
3-31
4-
(quar.)
$1.50
Corp
i
quar.)
3-.30
$6
:
3-18
Co.—
$1
2
3-18
$1
•■V
877zC
Ohio
Edison
Commonwealth
;
1
(quar.)
4-
8
3-11
1
1
87 tec
(stock
Solvents
'"'nmmonweaith
3-17
3-25
:
3-30
4-
common
National
3-15
1
4-
4-10
4-
(quar.)
.____
Credit
Y.)
4-15
50c
(increased)
preferred
•'.10c
:__—.___
preferred
1
5-1
$1.25
(initial)
(quar.)
4%
4-
Co.,
preferred
(N.
3-15
$1.75
(quar.)
(increased
Commercial
3-19
$1.75
______
Co.—
com.
com.
Southern
Commercial'
3-16
1
25c
Alcohols, Ltd,
pieferred (quar.)
87«
1
4-
$1
negating
Common
65c
93%C
2nd
2-26
3-15
4-
Baking
participating
Commercial
4-
25c
f 25c
Commercial
3-^.z
20c
(quar.i__
Pictures
1
3-30
1
3-22
;
Corp.
Stone
3-15
3-30
3-15
1
3-31
627aC
Co.,
Iron,
6-17
4-
1
4-
30c
25C
preferred
&
&
Columbia
___.
preferred
1
4-
$6
Fuel
3-18
.4-
3-15
4-
.
3-20
(s-a)
Co.
4-1
com
Plywood Corp.,
preferred (quar.)
I.) Co., common
4-15
J40C
Loan
4-15
75c
1
(quar.)
7-15
137 tec
,
10
2
(quar.1
pieferred
<1
3-15
4-
(quar.)
preferred
Pa.t
1
4-
•
7
4-
Co.
Co.
(Dan)
50c
3
4-
25c
Semi-annual
Columbia
3-11
3-31
(Cinn.):—
International
Plow
:
4-15%.
1
50c
1
Colgate-Palmolive-Peet
4-15
Celanese
$4.75
40C
preferred
California
Water
1
t$1.75
7 %,
preferred
(quar.)
Cassidy's, Ltd., 7% preferred (accum.)__
Corp. of America, common
2-26
7
7
3174C
6%
57c
7
4-
4-
&
General
&
f 15c
preferred
Oregon Power,
preferred
(quar.)
California
4-
2-26
Is
75c
prior
California
preferred
4-
___.
(quar.)
Corp.,
Cascades
3- 4
!
Is
$ 35c
common
7%'
Financial
Cockshutt
ft "1
preferred
Carriers
7%
(quar.)
common
preference
Coca-Cola
3-10
•J
4-
t25c
3-10
1
;
4-20
7 tec
(increased)
1
137 7aC
___—
90c
pfd. (quar.)__
preferred (quar.)
472%
Coca-Cola Co.
5
6 tec
,__
(quar.)
Corp.
4-
175c
(quar.)
IOC
A
Calgary & Edmonton Corp., Ltd. (s-a)
'
California Electric Power, $2.50 pfd.
(quar.)
$4.70
7
35c
(quar.)
preferred
Cable & Wireless
$3
1
4-
Power
Carrier
$1.25
Buildings, 77c
preferred
T.
4-
preferred
Central
Co.
Co.,
11-25
A
(quar.)
4-
15c
6%>
;
4.;.
Corp.—
Ltd.
non-convertible
Mfg.
12-15
Gas
A
4-
15c
(interim)
(quar.)__& Electric
t$l
75c
(J.
93 %C
(quar.)
5%
Butler
Coca-Cola
8-25
Corp.
15c
5%
I.
3-26
3-
1
C
$1
(quar.)
Co.,
5-25
9-15
Carthage
1
$1.75
Electric
non-cumulative
H.)
6-15
Ltd.—
(quar.)
W.) Co., new common
Mills, common (irreg.)
preferred A (quar.)
Carter
u
Co.—
conv.
5 72 7c
4-
4-
25C
(quar.)
(quar.)
Ltd. (quar.)
(P.
Coast
150c
.
(irreg.)
6%
3-25
4-15
is
Carpel
3-15
90c
,
472%
Terminal
3-15
Commonwealth
Central
(quar.)
Steel,
Mfg„
1
(quar.)
10c
Brewing
C.
3-15
1
$1.25
Burlington
4727c
1
1
4-
Corp.—
preferred
Plan,
Co.
4-
preferred
Botting
5
1
177aC. U
Peabody & Co., common
preferred (quar.)
class
4-
5-
12 tec
(quar. 1
2nd
preferred
3-23
1
c.o.—
pfd.
7%
Co.—
1st
77o
4%
47c
1
5-
$1.75
;
(quar.)
Counties
4-
:
.
—
(quar.)
3-15
'
Bush
Butler's,
V
20c
Products,
Watch
Butler
50c
,
Works.
Y.
3-21
(irreg.)
$5 preferred
15c
preferred
5%
Boxes,
(quar.)
Co., common
Co.
N.
3-18
Colorado
A
Shoe
Carolina
of
1
$2.50
3-10
(quar.)
4-15
,
3-31
(monthly)_—
Co.
Corp.
Cluett
3-15
30c
(quar.)
t$1.50
(quar.)
Ltd.—
Co,
2 72c
Bulova
Bush
4-
4-
30c
.
4-20
50c
B
Building
B
Co.
Colonial
3-31*
18c
common
preferred
4•<
3-25
3-30
$1.12 te
Yards
:
3-19
4-15
'$1.3772-
(quar.)
4-30
—
a
57*
(quar.)
Niagara
Clinton Water
Industries
Trust
3-16
•
I50C
(quar.)___
common
1
3-15
1
t$1.75':'
.___
3-19
a
Budd
3.60 7c
Class
pfd.
$5
preferred
(quar.)
Bucyrus-Erie
Co.,
common
Buffalo
3-31
;
1
3-31
__
(quar.)
Stock
HOC';
Wirebound
25c
Company
Budget Finance
4-15
Co.—
4-15
IS
(s-a)
33/47c
preferred (quar.)
Brunswick-Balke-Collender
preferred
Clinton
,
Lumber
3-31
t$l
Distillers
Co.
Clinton
3-31
t2QC
1
4-
(quar.)___
Pa.)
preferred
Molybdenum
3-13
HOC
Mills
3 72 %
(quar.)
L.)
Climax
1
11772C-
i
(quar.)
50c
IS
Extra
6%
Ltd.
t25c
a27a%
$4 preferred (quar.)
Shoe Co., $3.60
Class
Western
class
Cannon
Electric, Ltd.—•
Brown
7 7c
Silk Products Co.,
3-12
23
Extra
Bruce
1
Union
4-15
1 $ 1.12 te
33/4 7o
20C
Common
3-
4-
l$1.12te
(quar.)
3-31
____
(quar.)
Brown-Forman
1
$3.50
Westinghouse
Cannon
Ltd.—
(quar.)
preferred
4-
(initial)
Y.)
Electric Illuminating
preferred
117 tec
.
Vickers, Ltd.:—
preferred (accum.)—
$1.50
6
3-12
;.,V
5-20
t25c
County Trust Co. (s-a)
Durrell Co., common
(quar.)
5 7c
pfd.
35c
H1
t$1.75
V * (Broad Street Investing
Brown
1st
(quar.)
Carnation
tquar.)_
(s-a)_
for
British Columbia Power, Ltd.
$4.50
4-
Builders Supply Co.
(quar.)
Co-operative Stove (quar.)
Cleveland
'
registered
Columbia
47c
receipts
2-27
—
4-20
American dep. receipts ord. reg. (interim)
American deposit receipts ord. reg. (final)
deposit
registered (s-a)
1
8-14
15c
1;
Corp.,
t$2
3-16
American deposit receipts ord. (interim)
American deposit receipts ord.
(final)
American
4-
_•___■—
5-20
.'.
1
t$1.12te
1
•
2% %
_______
(quar.)
(Washington,
convertible
Cleveland
5-15
9-
$1.25
30c
(N.
%
Co.—
62 72C
A
(quar.)
Multiplier
5 72%
Cleveland
U5c
3-31
Co., Ltd.—
(quar.)
Clary
Cleveland
___
$1.3772
:
__u__
preferred
Co.
1
2-27
$3 preferred A (quar.)
Capitol Records, Inc., $2.60 pfd. (quar.)
Carey (Philip) Mfg. Co., common (quar.)
5%
preferred (quar.)
t$1.50
(
____
_
Assurance
5%
preferred
Capital Administration,
,
(quar.)
Co.,
17o
t$2,
f 30c
Bristol-Myers
Citizens
1
'
132720
—
•
1st
Canadian
3-20
4-15
112 72C
> $60c
British-American
City Title Insurance Co.
1
3-
2-27
Common
3-23
Extra
A
3-16
3-
1
3-
(s-a)
preferred
1
3-27
1
1
(quar.)
3-31
1
7-20
8-
—___________
of
3-15
6-
(irreg.)
class
(quar.)
Water
3-2 J
4-15
1
Pacific Ry.
(quar.)___
t$1.25
(quar.);
Canadian
3-16
75c
Co.
572 %
common
preferred
1
4-
50c
4-
3-31
Common
3-31
3-31
25C
A
Yards
preferred
Ltd.
:
..
Co.—
,
4-
Canadian Refractories—
Canadian
$1.25
Class
9
9
3-20%
*
$1.25
Stock
Fuel
&
1
—
Canadian
50c
(quar.)
Ice
1
.
pfd. (quar.)
Canadian Pacific Ry. Co
Canadian Refineries, 472%
—
Annual
British
preferred
4-
Corp
Bridgeport Brass, 572 7c conv. pfd. (quar.)_
Bridgeport Gas Light (quar.)
Briggs Mfg. Co.
Bright (T. G.) & Co., Ltd. (interim)
Brighton Mills, 5 7c preferred (quar.)_~
)
4-15
—___—
Canadian Oil Cos., Ltd., 4%
5 7o
preferred (quar.)
75c
Brewers & Distillers of Vancouver Ltd.—
>
4-15
4-
Quarterly
3-15
4-30
20c
1
4-30
City
4-
——
8772C
(quar.)
Manufacturing
3-16
115c
__
1st
preferred
3-31
115c
25c
(quar.)__,
$2
City Investing,
City Stores,
4-
Industries, Ltd., common (quar.)_
preferred
(quar.)
Canadian Ingersoll Rand (increased quar.)_
Canadian Motor Lamp Co., Ltd.—
Co., Ltd.—
Brillo
3-10
3-16
3-20
(quar.)
Cordage Co., Ltd. com.
preferred (quar.)___
1
1
3-31
1
5-15
■$r.
(quar.);
4-
4-
4-
35C
(quar.)
Knitting,
4-
4-30
$1.75
36-
$2
57a %
Service
3-26
(E. J.) & Sons (quar.)
Brandtjen & Kluge, Inc. (quar.)
$1.30
Bar
Cities
Clopay
7%
3-24
Brazilian Traction Light & Power
6%
preferred (quar.)
Circle
3-10
3-31
Brach
Brantford
3-10
1
4-
7
Warehouse
1
■-
RR.
—
4-
1
3-15
40C
4-
1
3-22
'
25c
3-31
3-10
;
10C
4-15
3-31
'
1
America
Creameries
of
Cribben
Sexton
&
.
3-18
7-15
$1.12 ;
4-
3-10
3-18
1
$1.12 7a
(s-a)
Union
Ltd.,
4-15
Canadian
3-31
1
Cinzano,
1
4-15
4-
Quarterly
Cincinnati
4-
4-
25c
____.
Suburban Bell Telephone
4-
t$1.50:
(quar.)
3-31
(quar.)
class
9
3-10
lquar.)__
3-12
4-
(Mass.)
4-
1
&
120C
Co.
4-15
4-
Trust
1
4-
5%
Cincinnati
ti83/4c
•r
3-19
$1
62 7ac
Property
\
quar.
Storage
3-31
$1
Herald-Traveler
Personal
Botany
Electric
Investments, Ltd.
$2
Boston
Boston
General
General
4-15
RR
Boston
5-
$1.12 72
_
j
Co.
Canadian
Canadian
25c
(quar.)
Albany
3-15
3-31
Borg (Geo. W.) Corp. (quar.)
Borg-Warner Corp. com
3 V2 7o
9
175c
3-15
Corp
Club
4-
118%c
Quarterly
3-29
(quar.)
& Brass
class
3-20
2-27
1
3-31* ;
50c
f
(quar.)
155c
—_
3-29
$1.50
1
1
5-
Ltd.—
Corp.,
37 72c
(quar.),
(quar.)
44-
t43%C
(quar.)T_—
25c
Inc., common
(quar.)
Bloch Bros. Tobacco, 67c preferred
Bon
A
(quar.)
Investment
Foreign
5c
Laughlin,
Bohn Aluminum
class
preference
25c
preferred
Cincinnati New Orleans & Texas
3-25
125c
(quar.).
(quar.)
com.
50c
;
&
5 7c
72%
Ltd.,
Canadian Ice Machine Co., Ltd.—
Class
A
(quar.) _____
________
'
Bliss
convertible
$1
4
Canadian
pfd.
6 7c
Morse,
Products,
3-18
(quar.)
3-15
130c
1
(quar.)
Extra
1
4-15
125c',
Ltd. class A (quar.)
25c
4-
4-
115c
(quar.)__—_—
6
30c
Cincinnati
175c
10c
Mfg.
&
preferred
3-31
$1.05
3- 1
110c
—
common
(quar.)—______—__
Ltd., common (quar.)__
Cottons,
3-31
1
1
(quar.)
Inter-Terminal
150c
preferred
4-15
15c
4-
preferred
5c
3-26
4-
3-19
.3- ,1
preferred
3-15!
4-15
" 75c
.
-
__
1
131 tec
—
(quar.)__———
4-15
Co.
Decker
Canadian
Paper
preferred
preferred
3-30
ID C
4-
5%
3-15 ,:
$4
Co., 472% pfd. (quar.)
Christiana Securities Co., 7 7o pfd. (quar)__
Cincinnati Gas & Elccuic, conwnun____
4%
:
8
9
3-30
,
RR.
(quar.)
125c
1-
t25c
Son, Inc
Birmingham Electric Co. com
4.20% preferred (quar.)
&
$1.75
3-21
Pacific
&
4-26
t$1.25
(quar.)
(quar.)—
Ltd.,
Hoc
___
&
Black
3-21
-
Chilhcothe
,
preferred
preferred
$1
3-31
t50c
(quar.).—
com.
—___
Celanese,
4-15
'J3l72c
___.
non-cum.
Canadian
67c
Corp., common (quar.),
preferred
(quar.)
(quar.)
Co.
1
Ltd.,
Canadian Converters Co.,
convertible
Mfg.
1
4-27
Bingham-Herbrand
Binks
1st
Common
tfuc
(quar.)__;
Ltd., common
preferred (quar.)
Paul
A
_
3-31
t$2
8
44-
30c
•;
.
pfd. (irreg.)._______
Chicago Pneumatic Tool, common__—____
$3 convertible preferred .(quar.),,
Chickasha Cotton Oil Co., common (quar.)
4-15
t50c
(qua*./
Participating
2
for
approval.
(quar.)
common
3-20
dividend) —
common
Subject
Biltmore Hats, Ltd.,
Class A (quar.)
_
1
Ltd.
St.
series
for
t40c
S;/.'S
3-
1
roc
(quar.)_
,t25c
—
1
6-
4-30
15c
Milwaukee
vtci
4%
4-
87 72C
(quar.)
t interim
Extra
Co.
Holders
Payable of Rec.
75c
(quar.)__
common
preferred
t75c
_
(Toronto)
Canners,
Participating
60c
50c
Corp.
Ry.,
Mines, ,Llu.
$ 15c
Lines, Ltd. (s-a)_
—
uo„ Ltd., 5 7e pfd. (quar.)_
Co.,
3-15*
(s-a)_—,__—_
preferred
5 7o
Co.—
50c
7%
5 7c
Canadian
3-15*
1
Ohio
&
convertible
t30c
Steamship
Varnish
3-
1
4-
...
i
50c
Corp.,
Co.
Mtge.
4-
(irreg.)
Bickford's,
Permanent
Canada
1
4-
!
Quartet ly
3-15
4-
15c
—
—_______
4-15
,
162 7a c
..
(s-a)
t$2
(quar.)
Inc.
Steel
B
Canada
3-15
Ltd.—
participating class A
$1.50
3-15
5
non-cum.
Class
i;
5
(s-a)__
com.
Canada
(quar.)_
com.
Ltd.,
Canada
$1
Best
Foundries,
5
_
conv.
&
Iron
2-29
'
3-
$1.06 74
2-29
1
3-16
1
—
3-
1
1
4-
—
1
4-
(Jnicago Mill & Lumber Co.
4-
common
1
4-
3-16
62 tec
„
Ale,
1
$25c
3-26
$$1.12te
(quar.)
4-
St 15c
Chesterville
Chicago
4-
4-
3-15
—_
t$1.75
(quar.)
Hedges,
Bessemer
1
Chesapeake
3-31
37a 7o
When
Share
$2.50
4-
_.—,—
(quar.)
(quar.)
Ginger
preferred
of Company
3-20
common
preferred (s-a)__
Northern Power
(quar.)
Appliances__
preferred
B
Dry
Canada
(quar.)
Beneficial Industrial Loan
$3.25
class
Per
Name
1
20c
pfd.
conv.
——
preferred
1st
$4.25
4-
Holders
Payable 6f Rec.
Bread
Canada
3-12
(quar.)
(quar.)
Bendix
57c
4-15
1
50c
Yards,
(quar.)_
When
Share
34%c
& Terminals Co.—
t$1.50
„
Canada
3-15
3-12
1
4-
(quar.);
of
1
4-
$60c
Ltd..
common
(quar.)__
preferred (quar.)
Belgium Glove & Hosiery Co. of Canada, Ltd.
Common (quar.)
5%
preferred (quar.)
Telephone
4-
4-30
'.
84 %c
Belding-Corticelli,
Bell
472 7c
1
Co., 57a 7c
7
;
preferred
(quar.)
Co., Ltd.—
$2.50
Canada
3-15
$1.
.
_
5*
3-19
50c
(increased quar.)
7 %
3-
3-31
4-
35c
(quar.)
_
Beatty Brothers, Ltd.
■'
_____
Co., common
preferred (quar.)
1
"*
57c
5*
25c
__
(quar.)_
Poods
4-
3-
25c
(quar.)
common
(quar.)
Corp.
Beatrice
$1.1272
„
Co.
&
Optical,
preferred
Baystate
"
Company
3-22
Co.
Co., common
preferred (quar.)
Baumann
Per
Name of
3-31
Mfg,
Bausch
Holders
Payable of Rec.
3772c
50c
preferred (quar.)
Bastian-Blessing
Bates
When
Share
com!
Corp.
Co
(reduced
quar.)__—
Volume 167
Number
.
;v:/:;7' ;
4685;
When
Per
Name of Company
;
;
Crompton
&
7,. \
Knowles
;,-v S;*■ Share
■>
6%
preferred
THE COMMERCIAL &
Holder1
3-31
75c
Blackwell
4-
1
4-
1
3-10
Products
'4Va%
Com
Crown
Class
A
Crown
International
Grown
Steel
&
Corp.—
i'
pfd.
5%
preferred
f
J%
preferred
&
Forster
A
Common.
—...
___
4-15
3-31
3-15
6-30
Securities
6-14
3-31
3-17
3-31
Crystal
Tissue
'
_
3-17
Sugar,
cumuiun
(quar;;
,
3-18
4-
I
3-18
1
6-18
9-30
9-17
$1.75
,
.___
.
tquur.i
Cuban
Atlantic Sugar Co., com.
*"&■%
preferred
(quar.)__
7-
preferred
(quar.1)
6%
•
•
4%%
preferred
Culver
1
1
1
6-18
15c
4-15
4-
2
$1.12%
4-15
4-
2
(s-a)
5-15
5-
5
10c
__
11-15
11-
5
'
'
■Guneo
Press,
Inc.,
common
4}/z%
preferred
Cunningtam Drug
Stores
5-
25c
4-20
4-
5
Dana-
Mills,
common
V
75c
4-
$1
4-
Corp.,
33A%
Darling
Stores,
A
5
1
3-
5
4-
1
_____
1
preferred
8Qc
4-15
4-
4-15
4-
5
4-
1
Davega
5%
Manufacturing
Stores
Corp.,
preferred
'
"
3-19
6%.
Dayton
&
Decker
Mfg.
Delaware
Co.
&
7%
6
3-15
6
3-18
5c
4-
5
3-15
25C
4-
1
3-11
Co.—
(quar.)
92 %C
_____^
•
3-31
3-10
3-31
/
$1
_____
3-10
4-
1
3-15
50c
4-
1
3-19
10c
4-
1
3-20
12 %C
4-
1
3-20
$1.75
4-
1
4-
15C
■
1
Eye
Co.
(quar.i
preferred
Supply
Co.
.____
(quar.)
common
of
(quar.)_
N.
1
•
T'/o
pieferred
7%
preferred
7%
r
preferred
Pinna
De
6%
(A.)
class
Bank
Series
Detroit
N.
Aluminum
Detroit
A
Edison
12-23
5c
»
Series
N.
"A"
Y.
Brass
4-
1
7-
1
:__
4-
1
3-
12'Ac
3-31
4-15
5-15
5-
5%
5%
•
non-cum.
8-16
8-
non-cum.
preferred
11-
preferred
(quar.)
Steel
Devoe
&
Raynolds,
Class
v
B
Diamond
Home
Dome
Mines,
Dominguez
5%
/
-
9-
1
1
1
1
4-15
4-30
3
3-31
&
(quar.)__
Dominion
Tar
Common
Common
;
$1
&
$25c
5-
1
4-
1
4-
preferred
(quar.)
$25c
4-
1
3-
tl5c
4-
1
4-
7%
Donnacona
4-1/2 %
•
si
&
Dover
.
Lomason
&
&
A
Corp.,
•Dresser
du
Corp.
Pont
$4.50
t
.
7%
4%
(E.
$1.50
Co.,
Gas
4-24
4-
6%
1st
6%
1st
preferred
preferred
6%
preferred
/Eastern
$1
1
1
$1.25
4-15
3-31
3 7'Ac
4-
6
3-22
$1.50
4-
1
3-15
$1.12%
4-
1
Street
3-15
(quar.)
$1.50
6-15
8-
(quar.)
$1.50
9-15
A-
$1.50
5-
1
States
$1.50
8-
2
pfd.
$7
A
convertible
1
4-
1
3-
preferred
$1.1428
4-
1
3-
1
25c
4-
1
3-19
1
.3-19
(quar.)
(quar.V__^=_____
•
6%
Easy
preferred
Washing
Co.,
common
50c
4-
35c
4-
1
3-
„
Corp.,
4-
1
3-
class
25c
A_—
Investment
Ecuadorian.
Edison
,
4'/h%
Edson
Corp.
Brothers
Trust,
•;3-31
3-13
(irreg.)
__
(quar.)__
3-31
3-13
$1.20
4-
1
3-15
12'Ac
Ltd.
3-31
3-10
4-
3-20
Electric
(initial)
Co.,
Ltd.,
Investors,
Amer.
Transportation,
Baking
Box
Co.
Erewing
Builders
Cable
com.
series
4%
convertible
com.
$1.06'A
1
5%
20c
4-15
4-
1
4%
(quar.)
(quar,)_
(increased
Corp.
(quar.)____^
Supply—
preferred
(quar.)
Western
Green
preferred
(quar.)__
2nd preferred
Co.,
common
(quar.)__
(quar.)
'
3-20
3-15
Finance
convertible
L.)
Greif
;
3-15
3-19
1
4-15
4-
6
3-25
5:
4-15
ioc
3-
!
•
6-15
5%
3-31
5 7o
1st
$15c
37% c
4-
1
7;
3-20
3-31
..
3-22
25c
4-
1
3-19
4-
1
3-19
12 %C
4-15
3-31
56
5-17
4-30
4-15
3-19
(quar.)_
30c
50c
_________
4-
1
$12%c
lauar.t
3-31
3-
4
r>-
3-15
,v
3-31
1
3-15
4-
1
3-19
3-31
K
3-20
4-
(Winnipeg)
2-28
—
$75c
Co..
40c
4-
2
4-
2
3-10
$1.75
com.
4-
2
3-10
4-
1
3-25
(quar.)
$1
Coi/p.,
50c
5-
1
$5c
4-
1
3-
25c
4-
1
3-20
31'Ac
4-
1
3-20
3-20
(quar.)
(quar.)
(quar.)_I
1
5c
4-
1
$1.50
4-
1
20c
4-
1
3-25*
4-
1
3-25*
4-
1
3-11
$1.06'A
4-
1
3-11
75c
4-
1
3-15
pfd. (quar,)__
(irreg.)
Brewery
6%
Co.
4-
$50
3-29
3-10
4-
1
3-15
$1.25
4-
1
3-18
$3
4-
1
3-10
$1.50
4-
1
3-15
50c
4-
1
3-15
75c
(quar.)
(Hartford)
Trust
certificates
4-
1
3-15
3-29
3-20
Trust
certificates
Trust
4-15
Guilford
3-12
Gulf
3-12
Gulf
Power
Co..
Public
Service
preferred
$1.50
1
3-
$1.50
4-
1
3-20
20c
4-
1
3-22
6-
1
75c
Corp
$6
preferred
(quar.)
6-30
6-11
Gulf
9-30
9-1.0
12-20
3
Quarterly
1
3-15
Quarterly
$1.50
4- I
3-31
3-31
3-15
Hallnor
3-15
Haloid
4-
4
7
Gypsum Lime & Alabastine of Canada, Ltd.—
3-15
4%
________________
b.
$25c
preferred
Hamilton
Bridge,
Hamilton
Cotton
1
3-
1
Hamilton
Mfg.
Ltd.
.7
(interim).
(quar.)—
Ltd.
Co.,
Co.
Hammermill Paper,
(quar.)
4V*%
4-30
1
1
3-
1
3-22
4- 1
3-18
75c
4- 1
3-12-
Hanover
5-1
5- 1
4- 1
4- 1
3-23
Hanson-Van
4-1.6
u
'
$1
$12%c
4-
1
3-15
4-
1
6-
1
5-10
3-31
■1
3-15
3-19
25c
y
3-15
1
1
1
3-19
35c
4-
1
3-19
$1.25
4-
1
3-19
30c
4-
1
3-17
25 c
3-31
3-15
$1.50
4-20
$20c
i..
3-10
4-
•
3-10
4-
35c
$1.06'A
(quar.)
3-
4- 1
4- 1
4- 1
a
4-20
4-
4-
$1.12%
pfd.
4- 1
1
20c
y:
—_
75c
10c
$1.12%
5-
7-31
$22'Ac
■•
(quar.)
3-15
9-1
25c
Mines, Ltd. (monthly)
Company, common (resumed).
3-20
3-31
3-31
4-
12-
(quar.)
!.
.
certificates
Realty (Maryland), 6,:Io pfd. (quar.)
I
5
—
(accum.)
Investment
Investment
Shares
6-25
9-25
4-15
(quar.)
series
3-25
$3
(s-a)
$5 preferred
Utilities
Rail
1
»
4-15
•>
35c
participating
(Hartford),
10-
(quar.)
participating
Guardian
1
$1.25
preferred
Co.
Public
1
7-
3-11
1
4-
(quar.)
Sugar,
(Hartford),
5-
$1.25
(quar.)
Oil Corp.
1
50c
$1.25
—
(quar.)
preferred
Watch
Oil
4-15
25c
6%
common
(quar.)
Western
Group No.
3-19
3-10
10c
Griscom-Russell,
3-15
3-22
Co.
Ltd.—
common
preferred
1st
4- 1
5- 1
3-31
3-31
37'/2c
7
1
v
Griess-PflegeF Tanning Co. (quar.)
Griggs Coopdr, 5% 1st preferred (quar.)
3-15
Harbison-Walker Refractories—
,
$2
3-19
3-
8
50c
3-31
3-19
31'Ac
3-31
5- 1
4- 1
4-1
4- 1
4- 1
3-15
50c
25c
->
4%%
Hanes
preferred
(P. H.)
(quar.)__.
Knitting, common
7:;'i
3-18
4-
1
3-29
5%
6 %
preferred
Winkle
$5
preferred
Fire
Hartford
Gas
3-12
5-10
$1
5-25
5-10
(quar.)
—
8%
Mfg.
(quar.)
Battery Co
4-
1
(quar.)__-i———
3-20
4-15
3-31
35c
3-31
3-19
(quar.)
4-
1
3-19
3-12
40c
4-
1
50c
4-
1
3-15
50c
—
,
3-20
$1.25
common
Corp
1
$1.25
_______________
Co.,
preferred
Haskelite
Hart
Co
6
3-15
4-
$1.12%
(quar.)
Insurance
4-
4-1
15c
Carpets, Ltd
—
Harnischfeger Corp., common (quar.)
5 %
2nd preferred (quar.)
I
Harrisburg Gas, 4%% preferred (quar.)
Harris-Seybold Co., common
Hart & Cooley
4-26
Y.
Munning
preferred :(quar.)
Hartford
5-25
—.—
Harding
3-29
3-15
(quar.)
Fire Insurance Co. of N.
3-15
40c
(s-a).
3-10
5-
Coo^erage, class A
Griesedieck
3-23
25c
C
3-12
3-31
$1
(quar.)
Co.,
prefer/ed
4'A%
3-15
4-
;
,
3-12
/
1
40c
B
Greyhound
3-31
Corp.—
preferred
4-
$1.75
•y-
yy
$$4.50
Water System,
Bros.
Class
3-15
3-15
Co.
Gas
Greenwich
3-15
4- 2
37%c
preferred A (s-ai__
3-31
$$1
$62'Ac
participating preferred
Participating
56'Ac
12'/2c
10c
$1
(quar.)
3-26
$1.25
_____
■'
8
933/4C
$1.25
3-24
3-31
Sugar
Wire, Ltd.
$1.50
25c
common
3-
40c
(H.
Guardian
3c
A
3-31
preferred' (quar.)
Greeley Square Bldg. (initial)
3 31
15c
quar.)_i._:
preferred
Controls
_
Co., common.__„,
(quar.)
Corp.,
1st
A
(irreg.)
$1
I
(quar.)
$1.06'A
(quar.)
3-22
3-18
'
SI
$$1.38
(quar.)
4-15
Special
3-20
t$1.25
A
3-15
7%
4-26
$30c
(quar.)
class
American
convertible
General
(quar.)__
Great
8
3-15
4- 1
4- 1
(quar.)
com.
1
(quar.)
Trust
25c
(quar.)
Co.,
4%
'
Sault
Mfg
preferred
General
(quar.)
(quar.) v
3-10
4-
(quar.)_
30c
25c
General Electric
Stores—
participating preferred
Power
preferred
General
6%
3-
preferred
Investment
34%c
28'/aC
preferred
General
-
3- 8
2nd
Guardian
(quar.i.
common
3-10
1
(quar.)___
30c
Co.,
1
4-
y $1.50
30c
(quar.)
(quar.)
preferred
General
5%
&
1
4-
_________
Saddlery Co.,
Guaranty
Packing Co.. (quar.)
preferred
General
5
25c
Economic
preferred
$4.25
5
$1.50
(quar.) ____T
(quar.)
Machine
preferred
$8
6%
25c
Inc., class B conv. pfd.
3-19
3-18
4-
$$3.75
West
Guantanamo
:
Co.
(Julius)
common
V:
3- 5*
lt
1
-1
4-
4
40c
1
Quarterly
Great
4-15
(quar.)
General
"
Kodak
Eastman
.
preferred
1
5*
12 %c
;
(quar.)
Great West Life Assurance
5-11
4-15
30c
9
3-
62 %c
(resumed)
Co., 50c conv. pref.
3-31
(quar.)
$4.50
1
$1.25
West Felt
4-30
4-30
(quar.)
7
$1
(accum.)
4-26
i—
E.)
$1.75
4-
3-11
-1
4-
56'Ac
>
______
(quar.)__
(quar.)
preferred (quar.)
Lakes Steamship Co
12'Ac
$1.50
(quar.)_
4-26
4
35c
,
1
4-1
40C.
—
A
Gruen
(quar.)
4-
(quar.)
t75c
Y.
N.
1
common
55c
Inc.
preferred
General
3-20
Great
5
4- 1
4- I
7- 1
4-22
4-15
4- 1
75c
(quar.)
5%%
3-20
1
(accum.)__
preferred B (accum.)
Steamship Lines, common
$2
44-
1
Great
4-
4- 1
3-30
37'Ac
12'Ac
of
5-
_
Malting Co., Inc.—
preferred
General
25c
25c
:__
3-12
1
4- 1
4" 1
4- 1
$12.50
(quar.)
Co.
preferred
Gemmer
Inc.—
(quar.)
4-20
25c
37'/ac
37'Ac
$35c
(irreg.)
Co
(R.
Gatineau
7-15
Corp.,
Mfg.
p%
4-
75c
t$l-50
20c
75c
40°
(quar.)
Ltd.
5'/2 7o
4-15
(accum.)
$3
$1
(irreg.)
3-16
3-25
Lakes Paper Co., Ltd.—
Class
J50c
Garlock
3
3-12
25c
(quar.)
2
7
$1.12%
Fisheries, Ltd.
preferred
Great
,3-24
4- 1
$2
(quar.)—
common
Co.
&
Industries,
Garfinckel
1
A
$5
4- 1
$2
(s-a)_
Co.
(quar.)
Gannett Co.,
Ry,—
A
Association,
Corp.,
4%%
(quar.)
Depot
6%
3-10
!___
4--
Co._;
Co.,
3-16
4-
Great Britain & Canada Investment Corp.—
3-15
Co., class A pfd.
Steel (quar.)
Galveston-Houston
3-15
25c
'
1
Greenwich
6%
3-19
3-
3-30 ;
5c of this payment is an extra .dividend
paid by Great American Investing Corp.
1
3-13
6%
3-15
4-
(quar.)
Eastern
■
4-
$1.12'A
3-
1
Co., 4%% preferred (quar.)
Gabriel Co., 5%
preferred (quar.)
Gair (Robert)
Co., common (quar.)_
3-15
$1.75
(quar.)
preferred
Eastern
$6
B
Racing
Common
'f
1
preferred B (quar)
6 °'r
;
4-
3-25
4- 1
4-1
4- 1
4- 1
preferred
Fuller
Associates—
Massachusetts
y
(quar.)_
pfd.
(accum.)__
Eastern
.
75c
1st pfd. (quar.)____
(quar.)
preferred
prior
___'
3-20
tl2'/2c,
West Sixth Co.
Trust
6%
.'■
3-19
3-19
4-
—
4- 1
4- 1
1
1
87 %c
(quar.)
(quar.)
A
5-26
44-
15C
Stores, common_________
$2.25
preferred (quar.)
Great American Insurance Co. (N. Y.) —
Quarterly
r__
—_—
Greening
Grain
Funsten
9
3-16
4-
(quar.)
class
Telegraph
F.)
5-30
$1
$1J25
Stores
Gas,-Ltd.
&
Cos.,
1
3-15
75c
_—
preferred
preferred
Grayson-RObinson
3-15
_____
(N. Y.)
preferred
7%
3-15
2-20
3-30
62 %C
Co.
(quar.)
common
33A%
4-20
4- 1
4- 1
Extra
9
4-
4-30
3-15
1
3-30
(quar.)_
Hosiery Co., Inc. (quar.)
Pumps. 7% preferred (accum.)
3-15
Process
Frontier
3-19
4-24
4-20
1
4-
100%
(quar.),
pref
$5
Insurance
(B.
3-18
Union
Fulton
3-22
87 'Ac
3-19
4-30
4-
50c
Co., $3.50 preferred
(resumed)
Co., common (quar.)
Grand & Toy, Ltd. (quar.)
Granite City Steel Co.
(irreg.)
Grant (W. T.)
Co. (Del.), common
3-24
prior
Fraser
3-15
3-30
)
1
3-29
$1.12%
pfd.
Fuel
&
preferred
4'/a %
)
;
4%
____________
(quar.)
Duval Texas Sulphur Co.
Oil
4-
25c
4- 1
6-15
$1.50
_____
Gotham
1
1
1
1
1
(reduced)
A
(quar.)
Gorton-Pew
3-31
4-
Co.
3-25
3-20
3-15
1
25c
$5 preferred
(quar.)
Goodyear Tire & Rubber of Canada
j 8-12
6-15
1
7-
.
3-10
8-16
1
4-
:___
Goodrich
Goulds
7-
15c
(s-a)
3-15
3-31
Pressed
Common
2-28
t$l
3-15
dividend)
4-15
4- 1
1
3-19
$1.12%
(stock
preferred
Co., Ltd.,
preferred '(quar.)
3-31
Kleiser
&
$2.20
3-22
1
$1.50
4-
(quar.)__^
7-15
4- 1
3-31
3-19
15c
(quar.)
State
75c
Froedtert
3-19
1
4%
3-19
3-31
(quar.)
Bros., Inc., common
preferred
(quar.)
37'/2c
Franklin
de Nemours & Co.—
I.)
preferred
'Eastern
1
44-
3-19
(irreg.)
Corp.
Insulation
Four-Twelve
I
4-
3-31
5- 1
8- 1
4- 1
preferred (quar.)
6% prior preferred (quar.i
Foundation Co. of Canada, Ltd.
1
4-
Golden
3-15
3-31
$1.25
Sugar, Inc.,
Corp.—
(initial)
preferred
6%
1
4-
4-15
37'Ac
(resumed)
com.
dividend)
Duquesne Light Co., 5%
j. 6%
4-
4-15
50c
(quar.)
(stock
4-15
75c
(quar.)
preferred
(quar.)
/Duke Power Co., common.,
7%
preferred (quar.)____
Dun & Bradstreet, Inc., 4Vi>%
.Eason
9-30
$1
$3.50
*
3-31
1
75c
preferred
International
Duplan
1
10-
"25c
i_
(quar.)
preferred <quar.)___
(quar.)
Industries, Inc.,
Dunhill
4-
$3
81'Ac
common
(quar.)
Corp.
Draper
3-20
(s-a)
common
preferred
Drug Co..
Dravo
3-31
3-20
3-15
$1.06'A
pfd.
$6
Co.,
Stock
1
4-1
3-31
_
preferred (quar.)
&
4- 1
46444-
common
class
Gold
3-18
4-
81'Ac
933Ac
Goldblatt
4- 1
$20
(quar.)—
(quar.)—
(quar.)
Co.,
Steel
Street
v
Co.,
convertible
$2.50
$1.25
$1.12'/2
20c
$1.183A
25c
pfd.
40c
(quar.)
(A.'C.)
$4.50
(quar.)
(reduced)
Foster-Wheeler
3-10
$3
(quar.)
Co.,
preferred
2nd
1
Shoe
Oil
Fostoria
3-10
4-
6
3-12
(quar.)-
Y.)
4%%
Utilities
common
Foster
1
1
.
Chemical
$3.25
■
(quar.)
Fort
4-15
4-
$25c
•
quar.)
1_
i
$4
Dow
A
3-
1
5-14
'$20c
$$1.12%
(initial
(N.
Light,
Machinery
6 7o
3-15
7'Ac
(quar.)
3-
3-31
12'/2c
Bank
&
preferred
B
Formica
3-18
4-
$50c
(s-a)_
common
com.
Rockdway RR.,
Semi-annual
Dow
<
Ltd.,
1
4-15
$$1.75
_r
Ltd.,
convertible class
/Douglas
1
Paper Co.,
Mudge,
$15c
;
...
(quar.)
convertible preferred
(Donnell
t
_•
u
preferred
4- 1
37V2C
2
3-15
15c
Refrigerator
Godchaux
4-
3-12
1
$1.0fr'A
*■'
pfd.
(quar.)
Globe-Wernicke,
1
3-31
4-
Corp.—
_■
4% %
3-15
3-15
5-
50c
(quar.)
15c
Safety Razor,
Common (quar.)
6
—_—_—
3-19
4-16
:
A.)
Falls
9
3-29
5-15
55c
A
Co.
Gliddem Co.,
3-
$20c
(quar.)_
$$1.25
Gillette
3-10
3-
———
Rubber
(S.
Art
3-12
3-12
3-30
30c
Co., com.
preferred (quar.)
Common
3-20
4- 1
—
1
Corp
class
Gilbert
$6
(quar.)
N.
3-31
4-
(quar.)
Gibson
3-12
(quar.)
of
3-31
1
50c
Extra
Field.
Marshall
1
1
4-
$1.50
Products
4 % %
3-12
62'Ac
_;
See
Co.
Power
Gerber
Co.—
Y.
&
Public
3-25
3-31
4- 1
4- 1
15c/
&
55-
25c
(quar.)
(quar.)
preferred
3-19
4-
$1.50
Stores
Brothers, $5 preferred
Power
3-25
$5
'•..--v I
Y.)—
1
National
Georgia
12-31
50c
$1.06V4
(s-a)___
Forbes & Wallace, Inc., $3 class A
(quar.)_
Foreign Light & Power, 6% 1st pfd. (quar.)
Foremost Dairies, Inc., common (quar.)
3-18
(quar.)
coin,
(N.
Pennsylvania
Tire
Follansbee
1
Ltd.,
Co.
3-31
(quar.)
Grand
(quar.)
4-
3-12
1
5-
$1
&
Brewing
1
4-15
3-31
(quar.)
6-30
75c
(irreg.)
Shoe
Bank
of
Co.
Extra
1
B
J$1.25
common
(quar.)
Avenue
Foothills
Class
Class B
60c
Co.
&
preferred
New
A
3-31
Genesee
3-22
10c
Stores,
Trust
Curme
(Marshall)
Food
4.'A %
3-12
Co
3-15
$1.37%
Rubber, 3'A%
preferred (quar.)
preferred (quar.)
3-30
4- 1
4- 1
(quar.)
Florsheim
3-22
Tire
4- 3
(s-a)_
1
10c
common
Instruments
4-20
4- 1
4- 1
Jersey-
preferred
&
J.)
&
Firestone
1
5-
New
4-
25c
(quar.)
3°A %
12%c
(John
4% "U
Time
General
40c
Truck
Fifth
Chemical, Ltd.—
$25c
of
5
3-15
25c
(quar.)
preferred (quar.)
4
—
(quar.)_____
4-
I
v
(quar.)
preierred
3-22
quar.
Field
3-15
(quar.)
(quar.)
Extra
/
;
4-15
Co.
Bank
Florida
General
15c
50c
of Canada
1
$1.50
Telephone Corp., common
3-31
15c
convertible
Florida
3-31
$2.50
pld.
6%
Co.,
54-
_
Wares, Ltd., common
preferred
1
Publications
Fisher
4.40 %
11-15
(irreg.) __1:
Department
Common
3-29
t5f)c
(Syracuse)
Quarterly
3-29
vtc
Dominion Textile Co.,
Co.
Federation
3-10
4-15
ins.
6%/pfd.; (quar.)
Federated
First
General
3-15
12- 1
Shops
Motor
Finance
5%
3-15
56'Ac
I
Ltd.,
Insurance
Federated
3-31
1
t35c
preferred (quar.)
Dominion Square Corp. (interim)
;
4-15
4-15
35c
+
$50c
(quar.)
Life
5
933AC
(quar.)_„__
pfd.
$6
Reinsurance
Steel
3-15
30c
(quar.)__
4-
(quar.)
3-31
50c
Inc.
3-10*
1
(quar.)
4-20
50c
Increased
5 7e
General
$1
I
Bake
30
4-
t43c
Ltd.
common
7%
V.
Traders
Chemical
Felin
General
5-12
Gerrard
:
1
5-
_
Refractories
3-10
3-19
4-
$1.25
25c
(quar.)
•
Railway Signal,
preferred
Glens
(quar.)____
A
Rubber
4'A%
preferred
preferred
Uioson
common.v
Federal Fire Insurance Co.
Federal
$5.50
3-19
4-20
$1.25
(quar.)_
Cement
3-31
35c
Candy Shops,
Federal
Federal
Portland
5-14
Quarterly
3-17
(quar.)
Steel,
Ltd.,
preferred
6c
preferred
Public Service,
8-13
(quar.)
Farmer
(Boston)
General
6- 1
9- 1
fquar.)
Co.,
3-16
General
4-20
65c
Corp.,-common-
2
3-16
(see Max Factor)
Co.
4-
3-20
$2.50
(quar.)__
25c
(quar.)
$1
4-26
$1
7-26
$1 1-25-49
40c
4- 1
$1
4- 1
5c
3-31
(quar.)_.
Foods
&
preferred
3-20
(quar.)
3-10
I2V2C
25c
(s-a)
1
Paint
$1.25
I
Co.
&
Finance
Class
preferred
Glass*
4"A%
4-
Corp., $1 pfd. (quar.)
$1 conv. 2nd preferred (quar.)
General Plywood Corp., new com.
(initial)
•3-10
4-10
$1.25
(quar.)__
Corp., $5 preferred
preferred
4-26
1
Common
25c
5%
Inc.,
Corp.
pieferred
Faultless
3-31
Co
3-19
Fashion Frocks, Inc. (quar.)___I
Fashion
Park, Inc. -(quar.)
3-10
10c
4- 8
$1.25
(quar.)
(quar.)
Quarterly
Fashion-Craft,
3-15
4-
General
Mills
Products
4V2%
Ltd.—
Foundries
Cotton
Farmers
8-10
4-
(s-ai_
;
Fields
non-cum.
Dominion
■Dominion
75c
62%c
45c
pfd.
A
(quar.)'______
Fanny
3-22
20c
partic.
3-10
$3.75
$1.25
pfd.
5%
A
4%
3-22
(quar.)
(quar.)__
(initial)
Ltd
Oil
/Dominion Dairies,
1
3-31
+25c
6%
Corp.
Stores
4-
25c
3-19
6%
(quar.)
preferred
Family
3-22
1
25c
____.
Cup Co.. class A
-Dixie
4-
General
I__
(quar.)_
Fairmount
3-31
50c
(quar.)_.
4-10
3-19
common
A
Bearing
3-18
25c
____
(quar.)
Co.,
Theatres
50c
50c ;
(quar.)
A
class
Ale
Match
District
Co.
(quar.)_
Ginger
/Diamond
Dixie
Products
Corp.,
Co.,
Fafnir
5
(quar.)
non-cum.
4- 1
4- 1
3-31
4- 1
6- 1
4- 1
3-31
4- 1
4-15
•
(quar.)
Inc.
(Max)
5
11-15
(quar.)
4- 1
4- 1
(quar.)
preferred
Feltman
preferred
Detroit
Fund,
Railroad
Factor
5
Co
5%
Johnson
preferred
Ex-Cell-O
3-26
50c
iquar.)
General
(quar.)
Eversharp,
Detroit-Michigan Stove Co.
-
preferred
European & North American Ry.
1
30c
Corp.
3-19
-
Equipment—
preferred
Evans
'»H3- T*
33Ac
Y
3-31
4-1
4- 1
3-31#
3-20
5-
Corp.
Trust
5%
Class
(quar.)
<te
convertible
Erwin
3-26
1
Motors
20c
50c
$3.50
5%
3-26
4-
MiHs,
General
25c
common
5%
12-23
1
4./ 1
15c,
General
.'
::
(quar.)
Erie
1
10-
7%c
________
&
1
10-
preferred_
Shares
7-
$1.75
(quar.)-,.
Co.,
'
SI.75
(quar.)__
convertible
•Deposit
SI.75
(quar.)
8
3-19
50c
(quar.)
Federal
Y.—
(quar.)
3-
4-1
25c
(quar.)
common
preferred
Equity
3-15
3-31
■
i
RR.—
;
preferred
4-
4-
51
2uC
__1
Rubber,
convertible
Dentists'
3-16
;
Western
Stores-1
&
4-8
3-10
87 '/2c
(s-a)
common
(quar.) £
Long Hook &
Tire
;?
3-31
_____
Light
4-23
3-29
_________
,
preferred
Denman
10c
3-15
1
25c
(quar.)
preferred
Dejay
Co.,
&
4-
_5c
(quar.)
i
Power
3.70%
4%
RR.
Lackawanna
Delaware
3-15
$1.50 •:
(quar.)
(quar.)__
Inc.
Resumed
3-15
3-31
Iron____
Michigan
^preferred
Deccal Records,
3-31
__,
Corp.
Malleable
8%
t75c
t25c
(quar.)___
Inc._:
Chemical
Dayton
preferred
3-15
3-31
$25c
_______
6-23
4-1
4- 1'
$1.25
25c
62'/2C
convertible
4%
3-20
1
____
Brothers,
■Davison
De
(quar.)
(initial)
Davidson
•
1
4-
:
B
Davidson-Boutell,
•'}
3-20
4-
50c
Extra
Class
<
3-27
25c
7_
Hosiery Mills__
Frere, *itd., class A
&
50c
■_
quar.)__
Davenport
jDavid
6-30
__
(year-end)
common
(initial
15c
____;_
25c
1
5-15
4-
50c
87 %c
:
preferred
5%
Investors
25c
convertible
Endicott
General
$4
:
*4%
'
Darlington
(quar.)___
4%
3-24
37'.'2C
1 quar.)______
(quar.t__—
(quar.)
preferred
4%
3-20
75c
B
Em.sco Derrick
5
-93°Ac
Mfg.,
preferred
7 %
General Instrument
Aiio'ys'Gorp.—
Emporium-Capwell Co.,
3-19
,
calilornta
Credit, class A
Employees
Class
3-15
4-1
75c
__
'(s-a
preferred
3-30
k
Holders
When
Payable of Rec.
$1.75
(quar.)
common
(quar.)
Industries,
25c
$1.75
f25c
(accum.)
—
Empire Brass Mfg., Ltd., class A (quar.)
Empire Trust Co. (N. Y.)
(quar.)___
3-19
4-
25c
(quar.)
6(0
3-
25c
___
common.:
preferred
1
$1.12%
,
(quar.')____
preierred
7%
preferred
49
Co.
(quar.)
Corp.,
General
•
Co., commoni'^-__Cj'j
preferred (quar.)_
Emerson'Electric
Poods
Shate
•
Fireproofing
preferred
$1.50
$1.50
$1.75
75c
25c
20c
(quar,)I_____l__
preferred
7%
General
3-10
,
Consolidated
Products
'
17% C
••
Lignt,'iit» qjid.
of
1
of Company
$1.25
_
___.
(quar.):
(accum.)
Products
o-
60c
Ely & Walker Dry Goods (quar.) ________—
Emerson Drug Co., 8'% preierred iquar. 1
1
__
River
4% %
'
5-15
.'—
—__
Publishing Co., $4 prior preierredprior preferred Mextra)
$4
4-17
1
87 %C
;———inii
(quar.)
5-
25c
—
Curtis
Dan
3-22
3-31
10%
__—
(s-a)
dividend
5%>
$'1.1*2V5»
—
Starage Battery Co
Common
5%
10c
dividend
Cash
Inc.—
■&
(irreg.)
Mfg.
Electro Refractories &
3-17
7-
Power
Electrical
3-17
4-
$1.25
~
—:
dividend)
•'Cash
<
4-
(quar.)—
(quar.)_
(stock
Corp
50c
i—j..
&
preferred
perierred
Elliott
$1.25
(quar.i
.«
Cudahy Packing Co., common
3-20
3-30
4-1
$1.75
$1.75
7%'J preierred
7>
preferred
Electric
Electrical
15C
V
urreg.i
y.
(quart)
prior
Electric
6UC
Co.z____„____T_-_J_»__
preferred
'
II
Co.___l__—_—"
Controller
3-26
4-15
4-15
;
ft- 1
$3.50
Co,,* common (quar.)_
(inoreased)
___V
Mfg. .\Co.
4- 6
General
—
Gas
Electric Ferries;
$7
_
Natural
Electric
6%
(Texas)
Per
Name
Payable of Rev.
$1
30c
$1.12!/u
(quar.)__
common
(1405)
Waen • ttoiatrs
Share
,
preferred^ (quar.)
kleotric Auto-Lite
Corp.—,
(quar.)
American
7%
:.
4-1'
$2
..
B
tcuoan
3-17
30C
V
(quar.)
Common
3-12
30c
_■
___
tqta../
f
1
3-31
$1.25
$4-50
Paso
-
(quar.)—_—t
Electric Co.
CHRONICLE,
Per
,
1 -•
—_
Co.,
iprefened
Paso
Elder
$2
(quar.)
common
8%
'(
r4-
80c
____—______
(quar.)
El
4-15
4-26
5c
:
s-io*
1
30c
Forster,
(
Crum
4-
440C
.
(final)
Corp.
Co.,
El
v
.
(reduced)
Co;
Zelierbach
Crum
(quar.).__
(accum.)
Drug
Crucible
partic. pfd.
$1
FINANCIAL
Corp._!
Paper
Ekco
3-19
25c
,,1
of Company
Eddy
3-19
$1.50
(quar.)
Name
i.
,
&
Crosse
<
-
Payable of Rec. ''
Works----7; ''V.
Loom
Common (irreg.)
„
*"
-
3-31
3-17
—
50c
3-31
3-17
12 %c
3-31
3-15
10c
3-31
2-28
'
50
(1406)
THE COMMERCIAL
Per
Name of Covipany
i
Tobacco
Eartman
$3
Heinz
Co.
75c
_
Co.,
45c
4-
1
3-15
91'Ac
—_—
1
$1
3-31
3-20
3-31
(quar.)
3-20
Co.,
HenkeJ-Clauss
Hercules
Cement
Hercules
t25c
preferred
Corp...
— —
Corp.,
Dauch
Hinde
&
(Edward)
Hobbs
1
8c
3-20
Co.,
Battery
class
A
3-31
Consolidated
Gold
4-30
6-
1
1
4-
1
50c
4-
1
3-31
Holmes
(D.
Home
H.)
Co.,
Co.,
Holophane
Inc.
Telephone
lc
Co.,
4'/2%
Horn
(Frank
Horner
Gibson
Hotel
W.),
3-19
4-
1
3-18
$1
3-31
Class
3-20
1
3-20
(quar.)
class
pfd.
A
3%'to
preferred
Houston
'.
New
Natural
preferred
Houston
3-
8
Kidde
Oil
Field
preferred
5%
Howell
4-
1
3-15
4%
4-
1
3-20
4y2%
:
4-
!■■
7
Kingsport
King-Seeley
4-15
3-31*
20c
3-31
3-19
62'/2c
Inc.
Co.,
12'/2c
3-31
$1.37 '/2
3-31
com—
—
4%
3-20
Kress
3-20
,
(S.
5%
preferred
preferred
Co.
3-30
3-20
Kuhlman
6-30
6-19
La
9-30
7%
9-20
12-30
12-20
2nd preferred
Electric
Salle
3-19
4-
5
3-19
Laclede
3-31
La
3-13
Gas
4-
3-15
1
Steel
3-31
2-17
Class
(quar.)
3-23
Leath
4-30
3-30
3-30
3-19
50c
4-30
$1.25
3-
4<u;
'A-
■
4
4%
Class
.
A
4 V2 Vo
Leich
Leland
Lerner
3-
4
3-
4
3-31
,
10c
4-
1
3-31
75c
50c
Sewing
Co.
4-
1,
3-19
Locke
4-
1
3-22
Loew's,
International
Salt
&
4-
1
3-
8
$ $ 1.12 V2
pfd.
4-
1
3-
8
$1
(quar.)
t$1.75
,
Interstate
Co.
of
America
7%
.
,
.
&
Fireman
$6
Jamaica
7%
5%
L.)
(quar.)._____
Public
5%
(increased quar.)_
new com.
(initial)
5%
V..*
Louisville
Service,
A
Ltd.
preferred
A
Electric
Co,
pfd.
" r
(Ky.)—
$75c
4-15
3-15
3-31
3-15
81'AC
3-31
3-15
4-
3-15
Lux
• -
(M.) Son3, 4Vi% pfd. (quar.)
Lowney (Walter M.)» Ltd. (quar.)
Lucky Stores, Inc.; common
1
preferred, (quar.)
preferred ($25 par)'
Electric
(quar.)_____
preferred
Mfg.
1
3-15
____^_
Lynn Gas & Electric (quar.)___.
1
3-15
MacAndrews &
4-
1
3-15
6-
1
9-
1
8-10
30c
12-
1
11-10
20c
4-
1
3-
MacMillan
62 '/2c
44-
1
3-18
Class
1
3-18
Class
4-30
4-15
25c
4-
1
2-27
4-
1
2-27
4-
1
2-27
$1.25
3-31
3-15
4-
1
3-15
4-
1
A
B
(quar.)
(quar.)
-■--.-•'v-
933Ac
5-
1
Macy (R. H.) & Co, Inc.__________.__
Mading Drug Stores, common (quar.)
55c preferred (quar.)
Magor Car Corp
—:
Mahoning Coal Railroad
Brothers, Inc. (resumed).
Sugar, Ltd, 67c pfd. (accum.)__
Manning, Maxwell & Moore
3-15
Mansfield Tire &
4-17
Manitoba
67c
3-22
:
preferred
Rubber,
(quar.)
common
(quar.)__
1
..3-15
4-
1
3-15
3-10*
V
:
"3-10*
4-15
3-20.:
4-
1
3-24
5-
1
4-15
15c
4-
1
3-22
4-
I
3-19
4-15
,
$1
-
4-15
4-
•
I'
4-
15c
:
1
60c
4-
1
3- 9
A.,, $2
4-
1
3-: 9
5Q,c
4-
1
3-
50c
4-
1
3-15
56'Ac
•4-
1
J 3-15
common
(quar.)
Co,
25c
(quar.)
25c
3-10
4-
3-15
5-
4-23
8-
7-24
11-
10-23
4-
3-
9
prior
$1
preferred
(quar.)
Co, common
Class
A
(D.
Common
series
Minnesota
&
Minnesota
Missouri
1'
3-20
4-
1
3-15
Mobile
3-12
Mobile
&
Edison
Co.
&
S.)
Co,
4.90 %
Co,
preferred
Modern
Ltd.
pfd.
(quar.)
Containers, class A
Petroleum
Corp..
Rubber Co"._
1
3-24
Monarch
3-20
3-10
3-15
' 5- 1
4-12
4-20
'
■
.' 4-15
-
3-31
3-31'
4-15
3-30
3-22
3-31
4- 1='
3-22
4-15
3-15
' 12'Ac
4-
1
3-22
343'sc
4-
1
3-22
4-
1
.3-22
$1.07
t25c
3-
3-31
50c
4-15
4-15
3-31*
4-
1
3-20
50c
4- 1
3.20
$1
3-31
3 17
50c
5
3-31*
Montana-Dakota
$4.20
50c
3-31
3-10
3-31
3-10
4-
1
3-
8
20c
4-15
133AC
4-15
4-
25e
3-31
3-16
_
1
3-19
4-
1
3-15
4-
1
3-15
3-31
.'3-15;
3-15
3-12
4-15
3-25
1
3-19
4-
1
3-19
4-
2
3-20
62'/2c
(quar.)
12'/2c
4-
1
4-
.
3-15
4-15
3-25
'3-15
1
4-1
4-
1
3-
1
4-
1"
3-
%
4-
s
3-19
$25C
1
—
(quar.}__
com.
(quar.)
Equipment,
Auto
preferred
Monroe
$1.75
—
20c
common
4-
1
4-
1 '
15c
(resumed)-—,
com.
(quar.)
62'/2c
—
Co.
Chemical
$3.50 pfd. (quar.)
v
87'/2c
Co, $3.25 pfd. A (quar.): ' $1.62 '/2
Co, common (quar.)_
50c
Class A (quar.)
$1.75
Montreal Locomotive Works, Ltd.
(quar.)r__ ,
$20c
Monsanto Chemical
Ward
&
Montreal
7Vo
7Vo
preferred
preferred
preferred
Moore
Drop
43A%
■.
(quaiv)___.
Co,
(Philip),
Plan
Haven
3-15
3-15:
V'
3- .5.
"
4-15 V
$75c
4-
3-15
l:
i;
3-4
•
4-
15c
4-
A'3 - 4
;:}3-
1
59%c
4-,i:
4
3-15;
3-15
50c
59y«c
>
4- K
3-25
1.
3-30
>
>
3-15
Morris
Morris
)
4-1
4-
Moore (Wm.) Dry Goods Co. (increased quar.)
Morris Paper Mills, 43A% preferred «quar.)_i
Morris
A J 5-10
1
4-1
4-1
(quar.)—.—
Morrison
7%
see Philip
Bank of New
Cafeterias
preferred
Finance
3-31
3-19*
Consolidated—
$1.75
4-
1
3-24
Mount
Diablo
lc
31
5-15
6-
3
5-15
4-30
4-15
f8c
(quar.)
6-
fl2'/2c
Development
&
3-12
4-30
4-15.
$1.25
4-15
3-31
25c
4-
3-15
$1.75
$1.75
6-
1
5-15
9-
1
8-14
50c
—
Mining
3-30
$1.25
(quart)_
Corp,
Oil
3-29
4-12."
lc
Products
Co.
$1.50
\
(quar.)_____—___________
Corp., $5 pfd.
Motor
4- 1
(irreg.)—;
'
—
Extra
1
Mount
Royal
Rice
Extra
Mills
(quar.)
—.
—z
4-
1
3-22
ouc
t-
7
3-i7
1$3
•,' 25c
3-31
3-13
2
3-29
25c
3-20
3-10
$7
preferred
(quar.)
30c
4-1
3-20
$7
preferred
(quar.)
Mountain
Stales
Telephone
&
Telegraph—
Irregular
Mullins
Mfg.
,
Corp,
class
B
(quar.)
1—'
•
-
-
;
4-15
t$1.75
(quar.)—_—
3-J5
.'.3-15'
4-1
<6-
t25c
com.
preferred
3-15
•:".,3-2o
1
t$1.75
(quar.)_-—*
Forging
4-
—
(quar.)_:
B
convertible
3-25
—
A
-
*48c
Telegraph Co. (quar.).^——_____
iMoore Corp, Ltd, common (increased quar.)
4Vo
4-15 V
$1.05
Co,
(quar.)
$12.50
4-
4-
: 3-31,
"
t$1.12'/2
Ltd.
Utilities
preferred
•
Monroe
Motor
'
l"
t25c
20c
Valley Water Co.—•
preferred (quar.)__
—;
7Vo
Montgomery
4-15
tl2'/2c
preference
1
4-
Monogahela
57c
3-15
3-15
4-20
4VaVe
Co.
4-
50c
Mojud
Knitting
4-20'
4-
(quar.)
3-30
1
3-15
37'/2c
$1.22 Va
;_
,^____
4-1
4-
1
$1
Hosiery Co, 57c preferred
Molybdenum Corp. of America
3-29
3-20
4-
f50c
(quar.)
3-16
3-17
3-17
97'/2c
(quar.)_
(resumed)
Mohawk
3-10
'3-n
1
' 50c
Service
common
Mohawk
1
1
1
4-
$1.25
(quar.j
Ltd.
Electric
&
Service,
$3.90
3-15
1
4-15
4-
4-
*1.15
(quar.)_
(quar.i
3-11
4-
i 3-19
J75c
pfd.
(quar.)
3-15
4-
9-20
3-30
3-30
17'/2c
pfd.
Light,
(Robert)
Gas
Gas
Co.____
Paper
Light, 5Vo
$4.60
1
25c
€-20
$1
3-31
4-
v
25c
(v.t.c.)
Ontario
Mitchell
4-
3-31
1 J
A
Power
(J.
4-
9-20
3-20
2: '■
20c
(quar.)
(quar.)
Mississippi Power,
Mitchell
4-
7-
Minneapolis St. Paul & Sault Ste. Marie RR.
3-31
3-15
6-20
56'Ac
common
preferred
J.),
Power
1J
2
10- 2
25c
15c
Co, Inc,
convertible
Missouri
4-
2
2
7'/2c
(quar.)
(quar.)
Miller-Wohl
3-15
"
3-10
3-20;
(
2'/2c
Mfg.
3-31*
V
7-
4-
9
3-10
2
10-
25c
Extra
4-15,
.
4-
25c
(quar.)
(quar.)
Milliron's
3-22
3-31
25c
preferred
preferred
4%%
4-
3-31
$1.75
(quar.)
common
preferred
prior
3-22
4-
t7'/2c
3-15
'*
;i
1
(H.
Mandel
3-29
3-31
4-30
'
R.) Export Co, Ltd.—
(quar.)
4-
"
Miller
,
$1.50
____i
Publications, common
participating preferred______^____
Mack Trucks, Inc. (irreg.)
8
2
4-20
"'4-1
4-
4-
$1.25
common..—
(quar.)_-__
$1.50
'
60c
Forbes,
preferred
MacFadden
5-10
>
s
30c
(quar.)
Co.__
4-
67c
i"
1
60c
4-
,
5-
31'Ac
Light-
3-30 J
25c
prior
$1
3-19
4- 1
4-15
$1.25
1
Lowenstein
Clock
;
37'/2c
82 '/2c
$1.62 M»
50c
Co.
3-15
$1.25
■■
Electric
47 1
1
'50c
25c .V
__:
;___
_
&
5%
$1.50
(quar.)
r
(quar.)
Gas
5%
Lowell
-
3-20
$1.50
(quar.)__
3-15
xl'A 7>
(quar.)___
Co._
; '
$6 pfd.
(Del.) —
4-
:
4- 1
37J/2c
Light,
3-22
1
$1
$1.75
4-15
xSl.75
(quar.)__
-
1
Inc., 3%Vo
■■
(quar.)_l
com.
(quar.)__
(quar.)
&
•
Common
12J/2c
(quar.)
3-12
:'V>A
Hart, Inc, common
3-29
3-10
■'
Ay.'v-
(increased quar.)
com.
15c
30c
—
3-.; 4
3-30
$1.50
Common
&
3-29
$2.50
(interim)
3-22
1
3-31
60c
.
62»/2c
(quar.)
3-31
4-
25c
shares
Fails
prior
4-12
35c
(quar.)'
B
3-29
*'3-31
(quar.)"
Common
$1.50
preferred
Water
Tea
Class
3-20
SOC
(quar.)
preference C
Jefferson
3-11
4-1
30c
Supply, >$5 pfd.
Jamestown Telephone Corp.—
6%
1st preferred (quar.)
Jewel
(quar.)____
Y.)
Co,
Co,
preference
Jamaica
4-.1
A
4-12
15c
$1.50
pfd.
.
(N.
Coal
preferred
(F.
Electric
Class
5V2V0
__
Manufacturing
Quarterly
Irving Trust Co.
.Jacobs
Gas
$1.75
!___
Cieek
Louisville
3-15*
$1.50
25c_: ,.f,
_____
,
Light, 3.30%
Quarterly
Island
&
3-15
7%
87!/2c
87 '/2c
(quar.)__
(accum.)
((accum.)
Power
Power
1
4y2%
Millers
3-29
1
20c
Louisiana
1
3-20
4-15
9
J$1
(quar.)____.
3-AO
i:3-ii
1
50c
.
Reclaiming—
preferred (quar.i
4-
40c
(quar.)
Corp.
dividend
$2
5-1
4'.'
25c
37'/2c
;;
4-
Rubber
37'/2c
Los Angeles Transit Lines
50c
(accum.)
preferred C
6Vo
Iowa
Iron
A
preferred
,
(quar.)
3-5
Light & Power—
preferred
6V2 Vo
Co.
3- *5
4-
preferred
Midwest
7c
(quar.)
$1.75
Company
50c
3-30
4-
8Vo
Mid vale
30c
;
3-30
,,
—_—
Products,
3-31
30c
A
<
Steel
3-20
15c
Co
3-31
75c
(quar.)
3-19,
$1.75
(quar.)_
Insurance P (quar.)
A 3-30
$1.20
(quar.)__
(quar.)
Life
(P.)
75c
'
Midland
183Ac
pfd.
(quar.)___
75c
.
7%
25c
—
(quay.)
1
30c
Co, common
preferred
(quar.)
7%
43^c
convertible
Electric
1
7% pfd. (quar,)
Corp. $4.80 pfd. (quar.)
Stores
Lorillard
1
4-
Corp.
Cement
preferred
preferred
1
30c
__;
class
4%
4-15
$25c
quar.)
1
(reduced)
4-
"37y2tr
$l.l2y2
1
3-12
&
Midland Bakeries Co,
4-12
k
-
(quar.)
Theatres, Ltd. (quar.)
i
Hosiery Mills, Ltd, com. (irreg.)
75C
Ltd.—
'
preference (quar.)_
;_
Iowa Electric Co, 7% pfd. A (accum)—____
6'/2% preferred B (accum.)__,
Iowa
4-
1
(increased)
common
(initial
Chain
$2.40
3-10
$1.75
(quar.)
(quar.)_
Star
3-20
30c
Inc.
Common
$3
(quar.)
$1
Investment-Foundation,
6 Vo
1
5-
i__
Telephone, $6 preferred
Investment
5-
(quar.)_
common
,
Silver,
3-19
t83Ac
___.
(irreg.)_
Department
3-19
3-30
pfd.
Longines-Wittnauer Watch Co, com.
$1.20
preferred
(quar.)
Lorain Coal & Dock, 5% conv. pfd.
Lord & Taylor (increased quar.)__z
Canada, Ltd.—
(quar.)
Co.
Bakeries
3-30
$1
of
Co.
Extra
80c
Lone
3-31
40c
Co.
Co.
4-15
1%
3-12;
1
62'/2c
Mickelberry's Food Products—
50c
preferred
1
4-
15c
Electric, common
30c,.
preferred (quar.)$1.10
$3
—
4-
10c
Gas
4.40%
3-17
3-31
3-24
60c
87V2c
_________—
preferred
Miller
:
(Marcus)
London
3-18
Corp.—
:
Steel
Loew's
3-15
Chemicals—
par)
Shoe
International
4-15
$1
4-
30c
:
Co,
Petroleum
Oil
3-15
4-15
1
'
4-
96'/4C
(quar.)__
Lipe-Rollway Corp, $1 conv. pfd. (quar.)
Lipton (Thos. J.), 6% preferred (quar.)____
37'/2c
(quar.)_
(quar.)_„
($5
International
Interstate
3-15
$40c
Paper Co,
preferred (quar.)
Interstate
4-15
Michigan
3-Sl
62'/2C
pfd.
preferred
National
3-17
1
4-
—
Co
25c
:
Corp,
preferred
1
1 !
3-20
3-20
$1.50
Telephone Cor'p.r—
(quar.)
Bumper Corp.
.a
4-
4-
::>P
3-30
Associated
Michigan
4-
i;
3-30
10c
.___
3-22
3-31
1
1
4-
50c
.•
Bros.
3-15
3-20
3-15
„
4-
4t
25c
(initial)
A
—_
(quar.)_^.
25c
(quar.)
3.85'/£>
B
Lincoln
Machine
(incr.)__
International
$4
3-12
Industries-
Nickel
preferred
preferred
1
Michigan
50c
Quarterly
Quarterly
Lion
(quar.)
preferred (quar.)
7%
4-
1
::
3-22
3-22
1
(quar.)
common
Extra
1
;
(quar.)
preferred
Lincoln
3-19
4-
$25c
(quar.)___;
Liggett & Myers Tobacco,
3-16
1
4-10
:>
1
1
10c
4-
4- 2
3-20
4-
97y2c
4- 2
62V2c
f
j.
preferred
Electric
Class
2-28
3-31
4-
t37'/2c
Products
Y.
1
"3-20
4-
Thermit Corp,
Michael
37'/2c
■
(quar.)
Brothers, Ltd. (quar.)
Liberty Loan Corp, class A
3-20
3-31
$75c
(s-a)_
N.
Publishing Co. (quar.)
Linotype Co
&
67c
i
4-
Metropolitan
1
25c
______^
3-30
Metropolitan
4-
1
3-30
•
3-31 A
20c
37'/2c
Lewis
3-18
2V2C
(quar.)
Milling Co, 4%
.7%
.
Co,
4-20
5c
3-20
4-
25c
7% pfd. (qifar.)
Edison, 3.90% pfd. (quar.)
Paving Brick Co.__________—
Miami Copper Co._
10-15
3-20
1
15c
(accum.)
preferred
4-10
$25c
(quar.)__
2nd
Lima-Hamilton
(quar.)
11-
1
4-
Cold Storage—
&
50c
Y.)
convertible
&
Stores
4Vz'/c
3-25
20c
1
Ltd.
(N.
Coal
(Chas.)
2
4
4-
(quar.)
International
'
Ice
Machine
Metal
4-15
;
common
Sons,
1st
non-cum
4-
3-
12'/2c
Common
4%
Valley
30c
International Minerals
&
non-cum.
3-12
1
3-31
$$1.25
._$$1.06'A
preferred
International
&
$3.50
7-15
;
pfd.
Corporation
50c
3-22
1
3-31 ;
i ;j.
(quar.)
of
preferred
Merck
4-
35c
$1.06'A
(quar.)
___^
7'/2c
;
common
6%-
4-15 A
$50c
(quar.)__
58-
$1.75
(quasr.-)_;
Clark (quar.)__j_^
preferred
Lehigh
3-22
25c
Harvester
Metal
3-23
!
Sons,
Co.
Co,
(James)
4-
$1.25
(quar.)_
1
International
&
$2.50
Lees
4-15
i
4-1
$1
(quar.)_
com.
Ltd.
Cellucotton
International
5-10
3-29
(quar.)_
Lawyers Trust
1
__________
Button-Hole
&
$3 non-cum
(quar.)
preferred
B
2-17
5-
37 '/2c
Co,
A.)
3-31
Co.
Inter-Ocean Securities Corp, 4% pfd.
International Bronze Powders, Ltd.—
Co.
"6-1
$1.12y2
(quar.)
Frary &
(J.
Lehman
Steamship Co
International
3-12
(quar.)__
(quar.)
Sessions,
50c
Shares, Ltd.—
Group shares
International
1
50c
preferred
Landers
Institutional
partic.
4-
Bank
Merchants
67c
3-15
15c
__.
Extra-;
3-12
Co
Co.
&
25c
Ingersoll Machine & Tool, class A
Inglis (John) Co, Ltd. (interim 1
Inland Investors, Inc.
(interim)
6%
Merchants
3-22
15c
France Industries
Lamson
Corp.—
pfd. A
(quar.)
1
5c
3-26
v
$1.75
2-17
3-31
$1.03'/aC
Industrial Acceptance, Led,
5'/2 Vo preferred., (quar.)-!
Co.
4-
133Ac
Extra
3-31
Langendorf United Bakeries, Inc.—
$2 class A (quar.)
37c-
.
&
3-15
3-15
4-15
A
Mengel Company (quar.)
Merchants Acceptance, 80c class
,
5
4- 1
(quar.)
Light Co.
3-18*
3-31
3-31
$1
(quar.)—
3-15
$1.75
University
3-30
35c
com.
5-10
5- 1
:
Lang
(quar.)
Corp.
3-
2'/2c
Laclede
$25c
pfd.
62y2c
i_
4- 1
Mereaitn
3-20
-
3-31
25c
5-20
15c
„
Co
Extension
(John), Ltd.
5
$10c
___.
3-26
4-20
$1
50c
3-31
50c
.3-31
(increased)
3-15
3-15
1
class B
preferred
Johnson
40c
(s-a)
Extra
Labatt
4-
40c
—
Co,
10c
$1
7% 2nd preferred (quar.)
2nd preferred (quar.)
8
87c
25c
$2c
■
-—
7%
1
$2.50
(quar.)
Baking
Mead
9-15
$1.25
(quar.)
Common
(quar.)
Indianapolis Water 5%
Bank
McQuay-Norris Mig. Co, common
4V\7c
preferred (quar.)_^
3-12
10-
5-
,3-31
1
(quar.)__^_
common
20c
.-30c
Indianapolis Power & Light, i'/c
Xnterlake
3-12
1
$1.50
$20c
Michigan Electric
Inter-City
b-12
1
4-
conv.
(quar.)
4-20
4-15
3-
1
(quar.)_______;
Candy
5y2 7c
1st
1
,34'8.
4-
Mergenthaler
3-15
;,■
Telephone
preferred
1
4-
McPhail
Mesta
(Toronto)
preferred "(quar.)________
4y4%
4-
3-25
6-15
$1.183A
Independent Pneumatic Tool Co.
.
3-15
3-15
preferred
3-31"
3-31
4-
(quar.)
Co. (quar.)
&
preferred
7-
5-15
:
preferred
4- 1
4-1
$4
■
preferred
3A5.
,
75c
G.)
4-
Lambert
preference
(s-a)
preferred (quar.)_i.
Incorporated Investors
iVsVo" preferred
3-31
$1.50
$1.25
4
Final
5%
4-28
$1.50
5-
47c
&
(A.
(quar.)_
(quar.)
1
4-26
McKesson & Robbins. Inc.—
(quar.)
(quar.)
35c
6%
$2
Machine
McKee
3-17
Corp,
preferred
1st preferred
4-1
Imperial Tobacco Co. of Canada, Ltd.—
Ordinary (interim)
1
Indiana
McKay
2-27
$1
preferred A
4-
3-31
4-
—
1st
Telephone
Associated
2-27
3-31
35c
1
3-15
10c
(quar.)
3-31
Stores
Extra
6%
$1.25
(quar.)
preferred
-$1.12y2
Ltd.
1
12V2c
;
$1.50
i
3-26
4-
Ltd.—
3-31
(quar.)
pfd.
1
...
$3c
(quar.)
3-26
4-
(quar.) _$0.140625
(quar.)
;
50c
(quar.)__
4V2%
Kroger Company—
3-19
____
pfd.
preferred
50c
(quar.)_
conv.
1
34c
$3.50
(quar.)
5Vo
3-15
4-
20c
Co,
$2.50
,3-20,
3-31
37y2c
(quar.)
Corp,
4-
$1.75
conv.
Oil
,3-20
$1.12 Vi
common
3-20
4-
6%
6%
3-31
__
57c
11-15
4-
62'/2c
25c
(quar.)
$$3.75
Indiana
preferred
3-20
20c
—
Imperial Paper & Color
;
McCrory
Co,
5-15
12-
$1.06"A
(quar.)
(quar.)
Works,
Frontenac
4%
3-19
$1.25
;
Imperial Life Assurance Co.
•*'
McCord
McColl
3-27
56'Ac
,_~
(quar.)
preferred
6
3-31
25c
Commercial
4-
3-15
3-31
$$1.25
(quar.
$4.75
4-30
4-1
-
Mfg.
4-10
$1.50
—
(quar.)
5%
Illinois
6
30c
__
.
(quar.)
Co.
4-
3-12
,
$1.50
Company (quar.)
McCaskey Register, 4V2V0
25c
(increased)
Hyde Park Breweries Assn.______
Cement
&
4-30
3-12
4-
$1
McBee
$1.25
(irreg.)
Huron & Erie Mtge. Corp. (Ontario)
(quar.)
Hussmann-Refrigerator Co, common (quar.)
$2.25
preferred
(quar.)
Huttig Sash & Door Co, 5% pfd, (quar.)..
Ideal
H.)
pfd.
3-15
(quar.)
Mfg.,
McAleer
4-
6-
40c
4'A%
common
3-18
(quar.)
com.
preferred
Press, Inc.
Kroehler
3-15
3-20
3-20
5c
(quar.)
Max Factor & Co, class A
3-31
3-20
75c
preferred
4- 3
4-
h"
5c
1
——
prior preferred
Corp.
preferred
7%
3-20
2°c
..
4-1
4- 1
(interim)-.
Kirkland Lake Gold Mining,
Knapp Monarch Co. (quar.)
Hoppers Co, Inc.) common
3-19
3-31
6%
Corp,
3-19
37'/2c
(quar.)
—
Kingsbury Cotton Oil Co.
3-19
(irreg.)____J___ A
(quar.)
Co,
Alkali
3-20
4-
1
15c
(increased)
Mathieson
3-20
4-
$1
$1.12y2
40c
;__
Mines
preferred
3-31
4-15
common
Co,
1"
25c
4 V2 Vo
preferred (quar.)
Massachusetts Investors Trust,
3-15
37y2c
& Co
2nd
conv.
3-31*
1
4-15
933Ac
_______
(quar.)—
Motors
preferred
4-
50c
;.,
Humphreys Mfg. Co, common
6%
preferred (quar.)
5Vo
:
(quar.
Electric
4-15
25c
56y4c
—
___________—
Material
(Walter)
Kimberly-Clark
1
3-15
1
$1.25
(quar.)
Keyes Fibre Co,
4-
Common
3-24
4-
&
'
2uc-
(quar.)i____
(quar.)
& Sons
Field
'
3-11
,.
4-15
tl7V2c
—
'•
:
,
preferred (quar.)
Maryland Dry Dock Co.—
3-15
3-31
4-
'4-1
$1.75".
07e
15c
(quar.)—_____
preferred
Gold
3-24
(M.)
25c
—
Kerr-Addison
3-15
1
3-20
'
4-16
7'/2c
Corp.
Marshall-Wells
1
.13i
,
25c
$4.50
Company
$1.50
(quar.).
Corp.—
(quar.)
preferred
5Va%
common
Co,
Marshall
3-19
30c
(quar.)
__!
—.
A
Marsh
3-15
4-
1
4-15
50c
!_______
3-15
4-
4-
(quar.)_
Corp.__
3-15
4-1
*
$1.25
Common
1
1
Co.—
Special
Kerite
tl2'/2C
...
(quar.)__._i._______.___.
Gas
(initial)
common
57c
Corp.,
preferred
(quar.)__!_!
B
3-30
$2
—
fquar.).
(quar.)
6%
A
Realization,
4- 1
25c
Co.—
(resumed)
5-1
30c
—
J.)
Co,
'
(quar.):—.
Co.
common
Mills Corp, common
preferred (quar.)
Mar-Tex
3-13
1
}20c
Martel
50c
Refining Co. (increased)—
Kennecott Copper Corp
3-12
4-
Marlin-Rockwell
4- 1
25c
preferred (quar.)
Lime & Transportation
Island
Kendall
3-27
3-30
4-16
6%
4-
(quar.)
Corp,
preferred
4- 1
4- 1
$1.25
(quar.)_
prior
5%
preferred (quar.)
Kelsey-Hayes Wheel^ class
3-13
1
1
4-
25c
$1.75
(irreg.)
Company (quar.)_
Switchboard & Supply
4-
$1.12 V2
Ltd.,
Corp., 6%>
Finance
junior
Corp.
prior preferred
$5
Nut
50c
—
—
B.)
pfd.
Kelling
25c
—
Hou.daille-Hershey Corp., common—
$2.25 convertible preferred (quar.)
Household
(James
(Geo. E.),
4y2%
Kellogg
3-31'
20C
(N.
Light,
Kendall
(quar.).
Inc. (quar.)
Hardart Baking
&
&
Kellogg
;
Border's,
Power
Kelley
(Fort
(quar.)
common
preferred
Co,
3-19
4-
5c
$1.25
$1.25
$2
3
50c
—
(irreg.)—
Basket
5-
20c
—
3-19
1
preferred
Market
Martin-Parry
—
3-
4-25
I
7%
3-19
Co.-—
(quar.)
3-10
75c
Ltd..
&
Telegraph
(
Wayne, Ind.)
(quar.)—
Honolulu Gas Co., Ltd._„
Hoover Ball & Bearing.......
Hoover
4-
'$1
__
Gas
(quar.)
Common
preferred (quar.)
Development?, (quar.)
.$4
3-18
1
3-15
Holdera
Payable of Rec.
60c
77c preferred (quar.)__;
& Telephone Co, Ltd.—
00,
4- 1
$1.75
^
_____________—
preferred
Keith
3-31
$6c
__—
(quar.).
Maritime Telegraph
Common (quar.)
vvaier
4-
$1.12y2
Hollingsv/orth & Whitney
Holly
preferred
(quar.)
(quar.)_
3-3
4-15
50c
quar.)
Mines
3-31
1
3-13
Kearney
50c
4-
3-31
Electric, $6 preferred
Katz Drug Co,
$4.50 preferred
(quar.)—
Kaynee Company, common (quar.)
1% pieferred (quar.)__.
2-28
50c
Mariuu
$1
When
'
(quar.)—
-
5
4-15
4- 1
(quar.
Per
Share
(N. >Y.)
(irreg.)
3-
4- 1
4- 1
Kansas
Ltd—
Common
4- 5
25c
Extra
5-20
4-
5
Co.
Magnesium Products Corp.—
4-15
tl?C
common—
Marine
Trust
4- 1
.
$1.50
v
__
3-
$1
$1.25
$5
5-20
1
4- 6
'
.
Corp, 5% preferred
Calculating Machine
Marchant
50c
$1.25
Marathon
3-23
1
$1.50
Common
4-20
6-
50c
——
Co,
(quar.)
Kansas-Nebraska Natural
3-20
25c
.
(E.) Sons
4-12
1
4-
25c
4-16
1
v
Manufacturers
62y2c
4-16
5-
50c
(accum.)
(increased
Co.
Furnace
'
Name of Company
4-9
;
3-19
1
4-26
35c
25c
Paper Co. (quar.)
Lumber Co....
Co.—
25c
preferred
7 '/o
3-22
1
5-1
Kansas Gas &
3-16
4-
25c
_
Quarterly
Hines
5%
*
$1 ;./5- 1
(quar.)—
Shoe
H olden
Kalamazoo Stove & Furnace Co. (increased)
Kansas City Southern Railway, 4% pfd.____
Kansas Electric Power, 5 '/a preferred (quar.)
3-16
1
4-
(quar.).
preference.......
convertible
Shinkle
&
-
4-1
25c
common
Hinde & Dauch Paper Co. of Canada,
Hollinger
6
$25c
Hotels
Holland
6
3-
4-
—
,
Hershey Creamery Co. (quar.)__
Hibbard* Spencer, Bartlett & Co. (monthly)
4%
3-
1
4-
$1.50
(quar.)____
Steel Products, common (quar.)...
convertible preferred B (quar.)
Hilton
r
,4-
$$2.50
Hercules
6 7c
4-
'
Kahn's
Ltd.—
Corp
Motors
$1
$1.75
:
$6
Johnson, 4%','2nd pfd.
Stephens
Monday, March 29, 1948
'
Payable of Rec.
87'/2c
-----
_———___
preferred (s-a)
(quar.)
Steel, common
5% preferred A (quar.)__
Joplin Water Works, 6% preferred (quar.)
Journal Publishing Co. of Ottawa, Ltd.—
Quarterly _:
3-20
1-
preferred
Jones & Laughlin
3-22
3-31
ji.
Products,
Paper
Common
5%
■A-
15c
&
3'/2%
When
Share
,
.
CHRONICLE
Per
Quarterly
3-15-
1
25c
—
(quar.)
4-
1
6'/2 '/o
preferred
Johnston
3-12*
$ 1.37 Va
(Walter E.) & Co., common
preferred (quar.)
preferred (quar.)___
Helme (Geo. W.) Co., common
...
Johnson
3-15
1
(quar.).
Heller
Hendershot
Name of Company
3-22
'
4-
__
preferred (quar.)____
Helena Rubinstein, class A (quar.)—l4%
1
30c
(quar.)_
common
4-
4-15
—~
(quar.)__
.3.65Vo
7%
Payable of Rec.
25c
(quar.)
Inc
Glass
J.)
(H.
Share
'*
Johns-Manville,
preferred
non-cum.
V
:
,
Holder1
Co.—
Hayes Industries,
Hazel-Atlas
r
When
FINANCIAL
&
1
-
Volume
THE COMMERCIAL
Number 4685
167
When
Per
Name
Etueller
Share
of Company
30c
3-29
Name
3-10
3-30
3-15
3-30
3-15
4-
3-17
Co
,
._—
2
A
Ciass
M(utual
''
6 %
'€%
:;6%
8%
1
3-18
Nu-Enamel
6-
1
5-14
Ohio
3-29
3-18
6-28
6-17
$1.50
9-28
9-16
12.28
12-16
Corp.
Ogilvie Flour Mills,
$1.50
preferred
9-12
12-12
11-23
3-31
3-12
37VaC
(quar.)
4-15
3-31
/Nashua
Mfg.
Co.,
Nation-Wide
Ohio
3-19
Oklahoma
4-
1
3-15
37yac
4-
1
3-15
Olin
15c
4-
1
3-15
Oliver
40c
4-15
1
4%
Old
-
15c
3-
4-15
.
9*
Casket- Co.,
50c
__
3-31
;
$2
4-
2c
,
Stamping:^-///
Box
■
r
—
Co._
50c
i,National
Glass
^o./,
;3-25
common—___
,
•/,
4-1
i
20c
12 VaC
—
tl5c
.3-15
4-15
50c
.
Class A
5
i
Class
B
(Initial)—
National
6%
Lead
Co.,
1
preferred
—
4-
1
B
3-
(k-.
preferred
,'5%
National
Bearing
(initial
common
J 7- 1
A
40C
4-
1
3-22
Pratt
4-
1
3-22
Prentice-Wabers
4-15
2-23
Pressed
Steel
Car,
4-
3-15
Preston
East
Dome
25C
^
1
4-
1
3-10
3-31
-v
3-
4-15
5
1
4-16
50C
5-
1
4-16
lOe
3-31
$1.50
^50
3-31
/
<
."'"$2
—
.
4-
Public
1..
6
Debenture
Co.
Ltd.,
(quar..)__—
(quar.)
—
; .. '
10-
9-
Paper
(quar.)
American
Investors, Inc.-r4.
'
;
$1.50
preference
;
tl5c
4-
1
3-
3-12 /
25c
3-31
3-
5
$1.50
5-
1
4-
1
3-15
4-
1
4-
1
1
3-20
Radiator
National
Shirt
National
Stamping Co., 6%
National
Standard
preferred
$6
Finance
preferred
?
4.V2 %
,
$5
4-15
5 —15
l
Pacific
$1.50
of California
(Del.)
(quar.)
$1.25
—_—
$1,127.
Indemnity
4-
,!
pfd.
1
■
.' r'
^
^
Pacific
Intermountain
Pacific
37 VaC
1
3-20
Packard
1
3-
Pacific
Public
Pacific
Telephone
4-
20c
4-1
3-23"
30c
4-1
3-20
6%
60c
4-1
3-15
Pacolet
8
Express
National Steel
National
Car
4V2 %
preferred
National
Tank
3.8'4
Ltd.
Motor
Car
8%
4-15
3-15
4-
1
3-15
Pan
4-
1
3-17
Page-Hershey
$1.12 Va
4-
1
(quar.)
3-17
Palacs
4-30
4-15
Pan
5-15
5-
5
47 VaC
;
V
Power
5-15
5-
5'
are
5%
V;
4-15
1
4-15
5- -1
1
1
:
3-19*
)
Corp.
of
Owl
4-15
3-31
9c
Metal
shares
4-15
3-31
6%
Naugatuck
Nehi
Water
Co.
Reda
Pump
3-31
Reece
3-31
6-15
6-
3-
Reed
6*
3-19
Drug
Class
4-15
3-31
Paramount
3-31
Park
4-15
3-31
5%
5c
4-15
3-31
Park
Motors
New
7%
1
4-16
Peninsular
4-
1
3-15
3-31
3-31
3-31
3-19
$12c
,t
4-15
25c
"
4-
4-
12c
•
3-31
I,- / 3-16
I
Clock &
Watch
4-
1
4-
1
3-18
3-31
$1.12 7a
3-10
3-15
Northern
Public
preferred
RR.
5
$1,06 7*
4-
1
3-10
50c
4-
1
3-
8
4-
1
3-20
$1.75
4-
1
3-15
56 7* c
4-
1
3-22
4-
1
3-22
227aC
(quar.)
(quar.)
Service,
(quar.)
1
Co.—
convertible preferred
Orleans
_
(quar.)
com.
$1.18%
__
Telephone Co. (Ohio) —
6% preferred iquar.)
4V2r,'o preferred (quar.)
Newberry (J. J.) Co., common
33Ac/o preferred (quar.)
$1.50
Power
&
Trust
Co.
Corp.,
American
preferred
quar.)
4-
1
3-24
4-15
20c
4-
4-15
3-20
'•
3-19
i
i
(increased)...
-
u,
.
$1
.
3-31
.f
„
———
.....
.$2-»
'
—
;
v"3-15
1
"!
3-15
3-12
'.5-11
5-25 '-'V 4-15 '■
5-31
.
$25c
"
$40c
—
3-31
>
4-10
75c:
;.v$1.5'0
_i._
-4-
13-10 r..
1
3-12 1
3-30
America—,/:;4:r.v,.■ v..';..
4JA%
Co.,
4-
3- 5 /
1
4-1
3-15
4-1
3-5
4-
1
3-15
4-
1
3-12
4-
8
3-18
4- 2
;
.
3-
-
1
4-
1
3-15
$1.25
4r 1
3-15
$1.18%
4-1
3-1
10c
4-10
3-29
4-
.....
preferred A
(quar.).
1
v
.
$1.75
'
4-
1
•:
1
3-15
5-
5
4-
75c
)
-
3-30
of
3-
25c
3-31
7
Republic
$40c
Co.,v (111.)—
6-
1
9-
1
12-
1
11-12
3174c
for
1
3-15
1
3-
10c
4-
1
3.-20
IOC
3-31
3-19
4-
1
3-12
4-
1
3-12
30c
4-
1
3-10
$1.12 Vi
4-
1
3-10
4-15
3-20
/V
•
..
1
3-16
1
3-49
4-1
3-9
4-1
3-9
4-
1
3-8
3-31
3-13
5-
1
4-15
15c
5-1
4-15
50c
4-26
/vivCZv '. ; ;
V;
15c
■«
•
?
25c
4-
1
25c
4-
4-15
6-21
25c
2
6-19
3-10
-
3-10
50c
4-
2
3-10
$1.50
4-
l'<
3-10
$1,317*
5-
1^
5-
1
/4-12
4-16
4-10
prior preferred A
(quar.)
& Brass, 57*% pfd.
preferred (quar.).
5 7*%
•
4-
-•
$1.127a
J15c
.
Revere Copper
40c
>
.
<3-26
4-
25c
Extra
6%
3-19
3-31
877ac
Petroleum
(quar.)
Republic Pictures Corp., $1 conv. pfd. (quar.)
Republic Steel Corp. com. (quar.)
3-12
3-26
-V
•,
Republic
1
1
62'/2C
4-
4-
1
5%
4-
40C
3-19
1
4-
4-
5-14
:
(quar.)
6%
8
4-
35c
40c
common:
50c
'
8-13
*40c
'
.
3*
3-15
$40c
v
75c
50c
—,——
3-15
3-15
1
Pittsburgh—
Investors Fund, Inc.—
preferred A (quar.)
6% preferred B (quar.)
Republic Natural Gas (initial)
$1.25
;
Co.
preferred (quar.)
Textiles, Ltd., class A
Motors, Inc. (quar.)
Reo
r
3-10
(quar.)
1
1
4-
•—>_
dividend
Stock
6-12
200%
44-
25c
$4.50
3-19
6-30
$1
Insurance
Mfg.
3-19
77aC
preferred
Renfrew
4-23
1
68 %c
Life
1 1
8%c
3V2% conv. preferred (quar.).
Remington Rand, Inc. com. (cash dividend).
3-15
1
(quar.)
common
non-cum.
Reliance
3-20
44-
/
(quar.)
Quarterly
1
27.C
(quar.)
3-
8
Perfection
3-16
Perry-Fay
3-15
Pet
4-
1
3-15
.
3-23
$1,067*
3-
4-
50c
tquar.)..
$1,317*
3-19
1 ;
4-12
4-
1
3-12
Philadelphia Co., common
6% preferred
(s-a)_—
4-
i
3-10
4-
1
Star
3-31
3-22
3-31
3-
Co.
of
4-
1
3-23
4-
1
3-2
4-
1
3-
877aC
4-
$4
Philadelphia
(accum.)
(increased).:
preferred
Transit
$1
preferred
Philadelphia
Philadelphia
Corp.,
Morris
$3.60
Leather
Co.
$1
Insurance
Reading Coal
&
pfd. A
Co.,
Co.
Co.
;
4-
1
3-25
Pillsbury
4-15
3-26
Pilor,
4-
1
3-15
Pitney-Bowes,
4-
1
3-
Mills,
3-31
25c
4-
3-12
1
Screw
Union
&
1
4-15
Russell Berg Fund, Inc
Russell (F. C.)
Co., common
3-15
1
3-12
10c
3-31
3-15
40c
3-29
3-16
$1
4-15
4-
pfd.
(quar.)
(quar.)
1
15c
4-
1
3-15
4-
1
3-20
75c
4-
1
3-15
4-
1
4-
6
3-10
4-
$1.75
1
3-10
.
3-10
'
$1.75
Bolt
Co.
(quar.)—
,
.
—
(quar.)_
*.
15c
4-21
5%
4-
1
3-19
15C
4-
1
3-15
50c
4-
1
3-15
preferred
Steel
(Helena)
4-1
4-
1
4-
1
$1.25
4-
1
,
47a%
pfd.
_____
(quar.)
(irreg.)
3-19
15c
3-30
3-10
4-
25c
4-15
4-
4-
3-10
1
:
3-10
•
$1.1272
1
3-30
(increased)...
*
9
■
3-20
3-20
4-
1
4-
1
3-20
3-31
$1.25
3-12
$17720
|$1.75
com.
Mountain
3-19
3-10
40c
(quar.)
Rocky
3-19
;1
3-30
20c
&
Pacific
Common
non-cum.
•
30c
(quar.)__
Co.____
Industries, Ltd.
preferred (quar.)
Louis
r
3-15
15c
3-31
3-12
________
•
4-5
...
1
Safety Car Heating & Lighting Co. (quar.).
$1
Storesr Inc., common (quar.)
$1.25
5 %
preferred (quar.)
$1.25
Saguenay Power, Ltd., 47*% pfd. (quar.).. t$1.067*
St. Joseph Light & Power, 5% pfd. A (quar.)
$1.25
St. Lawrence Flour Mills, Ltd., com. (quar.)
?40c
7% preferred (quar.)
$$1.75
St.
Louis
National
Stockyards____________
50c
5%
'
4-
1
4.
1
3-18
4-
1
3-18
4-
1
4-
1
3-11
3-15
5-
1
5-
1
3-31
3-31
4-
1
3-22
Co.—
50c
3-31
$5
preferred
3-10
*4-
Safeway
St.
*'
4-15
>■-
(see Helena Rubinstein)
Co.,
preferred
Russell
3-15
$1
■
Co.
4-
53 %C
.4.
Co.—
Water
Mfg.
4-15
3-19
1%
Corp..
$4
(quar.),
Atwood
Ruppert
(Hartford, Conn)—
Glass
&
3-31
1
/3-20
$1.25
4-15
1
1
5-1
$1.25
'
Rubinstein
5-
3-20
4-
50c
(quar.)
Rotary
3-31
1
.
-
(Jacob)
3-10*
3-10*
4-
....
Corp., common (quar.)
Electric
1
4- 1
$1.1272
3-31
4-
i
A (quar.)
(quar.)
prior preference
convertible
3-15
4-
I50c
.
3-15
4%
1
jiOc
Extra
3-15
3-22
4-
'■
Co.—
preferred
preferred
3-22
15c
(quar.)
3-19
5-
25c
(quar,)
Telephone Corp.—
&
1
3-15
1
* 4- 1
29}£c
(quar.),
1
90c
4c
1 ■"
Co.
1
16272C
Ltd.
3-30
25c
81
Mills
Button
4-
4-
$50c
(quar.)
Mills,
4-15
4r
Inc.,
Plate
4-
93 %c
(quar.)-.
:
preferred (quar.)—
Plough, Inc.
Plume
5%
37 VaC
Common
Plainfield
5%
5%
3-22
_
(quar.)
414% pfd. (quar.)
Pittsburgh Bessemer & Lake Erie RR. (s-a)
Pittsburgh, Ft. Wayne & Chicago Ry.—
7%
5
3-25
4-5
$3.75
(special):
(increased)!
Inc.,
Fashion
Pittsburgh
3-
4-15
50c
75c
Full
3-31
L.)
50c
.
3-30
,$1.25
(quar.)
Controls, common
(quar.)
& Co., Ltd., com. (quar.)
preferred
Rockwood
5
62 V2C
r.
Co.
472%-
Rome Cable
(quar.)
common
(P.
Rochester
3-19
/
(quar.)
Package
Governor
3-19
35c
•_
(quar.)
Mills, Ltd.—
Cotton
1
3-
,
3-11
4-10
15c
...
class A preferred
preferred
1
3-31
5c
(quar.)
common
preferred
4-
50c
(s-a)
Iron
&
—-
Paper
Pierce
Silk
4'
—
Ltd.,
3-17
1
6% pfd. (quar.)__
(quar.)____
Co.
Robertshaw-Fulton
30c
—
(quar.)_
3%%
1
4-
(quar.)___
Works,
preferred
partic.
25c
(quar.)
Quarterly
Pictorial
3-25
6%
Riverside
4-1
$1.12 7a
(quar.)
Co., common
9-20
4-15
3-11
Inc.,
Rochester
(quar.)—,
12-16
90c
(quar.)—
—
4%
preferred (quar.)
Phillips Screw Co.__—
1
3-22
1
4-10
$2
(increased)—___
preferred
1
3-12
4-
lie
.V---:
$2.50
preferred
4-
—
(quar.)
$1,067*
Co.,
Robinson
_i
Pittsburgh
(Minn.)
-^.4..
—;
Philadelphia Suburban Transportation—
5% preferred (quar.)_
Philip
4-
Rielce Metal Products__£____
1
National
&
75c
3-11
1
2nd
3-15
9-15
$1.50
3-31
3-15
,
3-15
St.
Regis Paper Co.
4.40% 1st preferred series A
San Antonio Gold
.
6-15
1
Ritter
9-15
1
4-
■
6-15
$1.75
10-
Rickel
hi'
1
$1.75
$1.75
Richmond
4-10
7-
10-1
$1.75
(quar.)
Richman
11c
4-15
3-15
1
3-18
&
3-20
■
7-
3-20
W.)
1
5- 1
4- 1
$1.75
3-11
Water
4-
50c
(quar.)
1
Brothers
3-10
4-1
50c
(quar.)
1
3-31
(H.
3-15
4-
4-
3-
10-
1
3-31
3-19*
1
$1.75
25C
3-
12-23
4-
preferred
1 /•
Insurance Co.
3-30
2nd
4-
Phoenix
15c
7 %
5
Robertson
6-20
25C
3-
1
1
6
1
4-
7-
4-12
4-
377aC
Hosiery Co.
'
(initial)
(quar.)
20c
1
Phoenix
4-24
preferred
5-
3-20
./
2nd
$1.50
1
10c
7%
4%%
4-
$17720
3-11
1
Electric
15c
pid.
1
4-
preferred
50c
(quar.)
(irreg.)
4-
3-15
non-cumul.
75c
—__
Northern States Power Co.
preferred
6-20
12-16
$1.75
—
4-26
20c
Northern Indiana Public Service—
Indiana
1
3-22
3-31
20c
;
class A———
Oil, Ltd., 7%
convertible
3-20
12-23
.
7-
1
4-15
15c
20c
■;
—
Engineering Works
4V2%
1st
;$4.50
7%
7%
7%
5
Philadelphia Dairy Products Co., Inc.—
....Extra
,
7 %
3-15
87 VaC
20c
Co.
Northern
2
3-15
3-
(quar.)——_———. > $1.25
(quar.)—
!
$1.50
preferred
Philco
each
1
1
1
3-19*
1
90c
4-
4-
1
4-
(quar.)__
$1,067*
& Co.
preferred
(quar.)
preferred
Co.
4-
$1
4-
(quar.)
Paper
Dry
25c
Philadelphia & Western RR.
three
for
i
Refractories
Gas
1
25c
—
North
3-15
877aC
American Rayon,
Class B
American
3-31
50c
Corp.—
prior preferred
prior preferred
Shore
4
3-15
877aC
North
North
3-
3-15
(quar.)_
(Charles)
$6
preferred
Rhinelander
40C
$1.3772
u
4-15
J.)
$1.25
.
————
preferred (final)
2nd preferred (quar.)
2nd preferred (final)
4(4 %
3.6%
(R.
4-
25c
preferred (quar.)
Tobacco Co.—
Goods, common
1st preferred (Guar.)
1st preferred (quar.)
1st preferred
(quar.)
2nd preferred (quar.)..
———
127ac
$1.3772
convertible
Rice-Stix
:
(quar.)
1
3-31
3-15
1st
pfd.
5-
3-30
4-15
1
1
Pfizer
$40c
1
4-
—_—:—
(quar.)
3-31
—-
prior preferred
North
454%
5-
52c
(quar.)_
25c
.
572%
Co.—
(quar.)
com.
4-15
$5c
preferred
preferred
80c
1st
4 V* %
•
Co.
87'/aC
—_—.—
pfd.
Co.
Co.
Racing Association, Inc
Reymer & Brothers (quar.)
Reynolds Metals Co., common (irreg.)
Reynolds
(quar.)
$1.50
20c
,80c prior preferred
80c
•
Corp.
Stove
Milk
4'4%
9
30c
held
North American Finance
7% preferred
Circle
1
93 %c
50c
Revere
Mfg. Co.—
Common (quar.)
$5 preferred (quar.)
Peoples Drug Stores (quar.)
Peoples Gas Light & Coke—
Peoria Water Works, 7% pfd.
1
1
40c
dividend
Electric
Potomac
100 shares
Northwestern
2-27
2-27
.
(quar.)
(quar.)
Reis (Robert) & Co., $1.25 prior pfd. (quar.)
Reliable Fire Insurance
(Dayton)
(quar.)..
Reliable Stores Corp.
(quar.)
3-24
5c
3V2 %
preferred
A
(quar.)
Pennsylvania Telephone, $2.10
Pennsylvania Water & Power
4-
40c
(quar.)
dividend)
(cash
Liquidating
shares of
$3.60
1
(quar.)
Pennsylvania Salt
5-
4-
Corp.—
North American Co.
Northern
4-
$1
Pennsylvania Power & Light Co., common—
4V2% preferred (quar.)„
Railroad (irreg.)—.
;
$5
:
Car
convertible
80c
:''
3-31
$1.25
•.
$1.60 non-cum. pfd.
3-15
;—
$1
Ltd.,(interim).
7%
1 V
"Pennsylvania
3Va%
(.quar.)
Co
'7%
4-
15c
Co., com.
977aC
1
Normetal
;
$1
Co._—
preferred'
50c
(quar.)
preferred
Partial
C.)
Common (quar<)
Perfect
Corp.—
(quar.)
Nopco Chemical
'!
Grinding
(J.
93 %c
Niagara Wire Weaving (increased
Noblitt-Sparks Industries, Inc
Noma
Electric
(quar.)
:
! Extra
$2
f
3-31
Y. State Electric & Gas—
North
4-20
37 7.C
93 %c
Light
preferred
4-10
$1.1272
Newport Electric Corp., 33A'/b pfd. (quar.)_
Newport Industries, common—
4(4%
preferred (quar.)
N. Y. Chicago & St. Louis RR.—
6% preferred A laccum.)
$3,75
3-10
1
'Quarterly 4.—^—:
Pennsylvania Engineering Corp.——
Pennsylvania Forge "Corp.———
Pennsylvania Glassv Sand Corp.—
5%
Newark
N.
-
2-27
•
3-
New York
.
3-15
4-
York
1
5-
$1.60
Pennsylvania Co. for Banking & Trusts—
Gas & Electric Association—
$1
3.90%
Penney
■
$1
New
4-
3-31
$1.75
,
J.
.f-'/j-u >•
1
r-'
3-31
4\ 2,/a%
Co..;/^._
A
Reliance
4% pfd. (quar.)
pfd. (accum.)
Wheel (stock dividend)
Peninsular Telephone
3-19
$1.50
4%%
4-
(quar.)
5-
—
convertible preferred (quar.)
England Power, 6 'A preferred (quar.)__
England Telephone & Telegraph
New Jersey Power & Light, 4 % pfd. (quar.)
New Jersey Water, $4.25 preferred A (quar.)
New Hampshire Fire Insurance (quar.)
London
Inc.
Brewing, 5\'z%
25c
4%%
4Va%
3-15
3-15
Industries, Inc.,
New
New
Tilford,
Pathe
Peller
New
New
$1.25
Brothers, Inc. (quar.)..
/Reed Roller Bit Co.....
Regent Knitting Mills, Ltd.—<
!
U $1.60 non-cum. preferred, (quar.)....
Co.—
Transport
preferred
3-31
25c
/
Haven
1
1
common
3-31
25c
Machine
New England
New
4-
prefer;ed iquar.)_
(increased)
Corp.
Co.,
convertible
4-15
$$1.75
(quar.)
(reduced quar.).
New Brunswick Telephone, Ltd
New
England Electric System (quar.)
New England Fire Insurance' Co. (Mass.)
Britaip
4v
Reeves
Line—
4%
4-15
75c
preferred——;—
Paper
Chemical
&
5- 8
5-15
4-
50c
&
:
8
37 7zc
(quar.)
pref.
(quar.)
Companies,
4-15
3-15
27.C
5c
——
Ltd.,
(Wm.),
Nekoosa-Edwards
I
$1/
/■.'
—1
(stock dividend).
■
•
...
Corp.
4-15
75c
:■/ 5c
—
(s-a)
Corp.;;:(quar.)
Neilson
//■
——
Fund
Trust
4-15
20c
3-19
4-15
140C
$1.50
Petroleum
preferred
Paraffine
5c
______
—
First Mutual
3-15
5-15
1st pfd.
Stores,
.4" 1
$2.50
(s-a)
Ltd
(§-a 1
Eastern
Pipe
4c
series—-
————
Steel shares
<•
•
2-27
4-15
50c
(quar.)4__^/_4.__"
Power Corp.— „• . „
V-'..
Co.
$3.50 conv,
Red
3-31
Corp. '■
70
Stock
3-31
50c
;
preferred (quar.) ,.
5% prior preferred (quar.)
'
3-29
preferred (quar.)
Pantex Mfg. Corp.,
common.
5c
__
series
shares
3-19
7%
3-25
;
$1.50
preferred
Investors,
'
Common
1
(quar.).
87720
Radio-Keith-Orpheum sCorp.
15c
Ralston Purina Co.,. 3%%
pfd/.(quar.)....
.933/4C
Raytheon Mfg. Co., $2.40 conv. pfd. (quar.)
60c
Rayonier, Inc., $2 preferred (quar.)
•> '
50c
Reading Co., 4% 2nd preferred iquar.).
50c
Reading Tube Corp., class A (quar.)
12720
Real Silk Hosiery Mills—
,v,V\
,
,
3-12
3-29
preferred
Panhandle
estimates of such distributions.
—
Automobile
4-
v
Telephone &
A
(annual)
$1
4%
series.-—-—
Low-Priced
3-15
—
Oklahoma—
(quar.)
Class
15c
(quar.)
Tubes,
American
4 %
Funds—
Bond
3-12
1
Jersey-
& .Timber
Quebec
20c
common—
(quar.)
American
25c
series
Speculative
Common
53 Vac
—
(quar.)___—u
below
1
4-
(quar.)__
Quebec
3-24
5-
4-
—
(quar.)—
preferred
'
(quar.)
Telegraph,
&
Mfg. .Co.,
25c
tquar.)
pfd.
10c
New
«
.
3-25*
..$2.50
;
-
Y.)
Quaker ua'ts-Co., common—
6% preferred (quar.)
3-24
4-
$1.25
(quar.)
Co
Service
preferred
50c
The amounts shown
Bond
$37 Vac
(quar.)_
(quar.)
Co.
Trust
Low-Priced
(s-a)_
(quar.)
common
Co., 4'4%
preferred
National
preferred
(quar.)
Corp.,
Supply Co.,
National Tea
(quar.)
Refining
Sugar
National
of
Pulp
4
Co.
4-15
'
3-12
conv. preferred (quar.)...
• $1.25 ' /- 411
(George)-. Fiihdj.-—w.—4—
...
15c
4-21
National Co. com. (quar.)....../
25c
4- l-
"
3-15
.
4-15
55c
Co
Lighting Corp., $5 preferred
4-
15c
(Del.)
^4-5
(quar.)uv*.j—
1
3-31
50c
7-31
8-16
$1.25
(s-a)__
Co?_
Shops
of
3-15
4-
-
5
50c; // 4-
(quar.).,
Co.
3-
3-31?:
50c.
(quar.)
3-15
5-1
Oil Co.,, 5%
Pyle
3-2.
3-31, •■.3-24;.
.
1
4-15
$$4
.
1
I
,
4-
$lVac
Putnam
—
(quar.)
Electric
&
Puget. Sound
-
3-15
,
1
4-
.
56V4C
35c
Co.
preferred
Pure
'•
1
15c
3-20
Puget Sound Power & Light—
$5 prior preferred .(quar.),
4-15
$1.25
1
(N.
4-15
-4-
127.C
——
Corp.
preferred
Pacific Gas
;
(quar.)
Corp.
preferred
Radio.
pfd—.
1st
com.
4-
RR
3-15
-4-'' l'r -:'3-l'7
377.0
non-cum.
(quar.)
/
>
•
20c
1
4-
•
quar.)
National
Foundry Co.,
5%
3-15
4-
(quar.)«____
Co.,
Pacific
L.
3-15
25c
—
Co.
Coast
Car &
...
4-12
,h
15c
$1.12(4
—__
Call
Pacific
■
vK'$5
,
(quar.)_
(resumed).
Pacific
5
a-
(quar.)
Pacific
3
•: 75c
.
3-12
(quar.)
4%. preferred
3-15
20c
ic—/
1
Co.———:
Bank & Trust
1
4-
$$1.25
Co.——
4-
(quar.)
preferred
Publicker Industries com.
'iVv.tl5c^'-"4-
:
3-10
Public Service Electric & Gas—
r
Co.—
Brewing
Pacific
3
12-
Ltd.—-
8%
3-20
''••.4-:
25c
4-15
(interim)—
(increased)
5-15
$$1.75
s
————
—————
pfd. A
Mines, Ltd.
4-
$$1.25
$25c
(quar.) j—_
com.
4,/a%
4-2
;
3-11)
$75c
(quar.)_
(monthly)
7e. preferred
(monthly)
;v, 7%
125c
(quar.)
4-15
50c
Public Service
,
V
3-12 /
.
3-1
$$1.50
(quar.)-..
tquar.)—
Worcester
Service
Common
3-10
,,
3-5
4-15
6%^preferred
-
3-10
:
3-31
3-15
3-31
(quar.)
Quarterly
3-20
5-
4-
$1
*
,
&
Public National
3-23
3-31
25c
30c
(quar.)—
Gas
Providence
3-31
3-31
4-1
(quar.)$2
pfd.
Products
Gamble,
Providence
3-31
4-
&
/
3-19
4-30
4-15
3-31
22'/aC
preferred
Co., Ltd.
j.
5
1
55c
—
(irreg.)
Procter
1
45c
pid.
Lambert, Inc
&
3-
3-15
'3-25
3114c
(quar.)—
3.60%
(iireg.)_v
non-cumul.
&
1
1
4-15
45c
pfd.
5%
Corp. of Canada, 6%
6%
4-
4-
10c
(quar.)——
Price Bros.
(quar.)
Products,
preferred
Oxford
x6-".4
1
1-2-49
(quar.)
National Paper & Type Co., 5%
National Pressure Cooker Co.—
New
$l5c
(quar.)__
Motor
8
—
Light Heat & Power,
Pabst
5
$1.25
(quar.)
.
3-
$1,25
A
Common, (quar.),
3-12
1
$15c
—_
_
(quar.)
common
preferred
1
Oswego Falls Corp.; 4V2% 'preferred (quar.)4 '/; $1,127.
Electric Railways_n—
$25c
,,3-12
4-
;
National Linen Service Corp., com.
47a %
4-
Ottawa
.V
3-10
4-
:$l5c
$15c
(quar.)—
s-
,
$1.25
20c
5Voi preferred ,(quar.) ijr—
4? 3-31
4-
v'
$37VaC
(quar.)_-
A
Power
—;
class. B
preferred
conv.
'
.-Class
8
$1.25
(quar.)—
Lean &
Ottawa
National Grocers, Ltd.; common (quaT.)
.^41.50 preferred- (quar.,)—
__
—
•../National Hosiery Mills, Ltd.. class A (quar.)
/Class A <quar.) —.£
-
3-
common
pfd.
4%
class
7%/ preferred
/
.'3"22'
1
4-
_
Co. (Hartford)—
Quarterly
National Fuel. Gas.tquar.)/____—____
s,
..,.3-31
;.
_—____—
1
O'Sullivar.^Rubber Corp.,4Va.)r-n-,:
37.-23 ">
10-20
4-
:
Eire Insurance
n..
^
1
Pottei
Beauty Supply/Ltd.—
Ontario Steel
i
8
9772C
——
Ontario
4-21
5-1
10-30
8-
Folding
convertible
Partic.
3-20
1
2c
/•'.
_
'•
Inc.,
Filters,
preferred
,3-15
3-
--
.
Inc* com.
6% preferred (quar.)
Omiiibus Corp., common........
-4-30';
3-31
,
$1
-
National
United
Ontario
-;$4. preferred- A (quar.
:'i National
EHectrl<i< .Welding. ;.(quar.)
i'v'i National
3--5,.
1
(quar.)
Co.,
Omar,
,
4-
»—
————:
Electric
&
Industries.
3-31
5-15
$i.-75
■
———J
-.)■
^Quarterly
I'PNational:. Enameling-
,
/■ 4-15
'
.'I. /:$7
preferred,1' (quar.;). _________
National City Lines, Inc.—;
1
3-;-sr.;
l;
(quar.)
(-quar.)—
Ribbon & Carbon!
Town
'
(irreg.)
common
-
44-
;
$44c
—
National
$50c
—
3-15
i
Service .^increased)
Gas
1
.
$1.50
62V2C
(quar.)
75c
4-
Co.
3-15'
3-18
30c
Co.,
Power,
Common
1
1
iquar.)—
pfd.
Electric
Transit
Electric
preferred
$2
■
(quar.)
Water
4-
General
Portland
Potomac
(quar.)
Oilgear Company
4-
'
.
National Breweries, Ltd.j 'common
'WZr- preferred (quar.)
National Cash Register (quar.)
v,
preferred
3-15
Portland
2-25
t—
3-29
3-31
25c
common...
Co.
3-29
4-20
Co., Inc. 5%
Industries, Inc.
tt
3-
4-
$1
—
K.)
3-10
*
Service, 3.9% pfd.
Holding Corp.—
non-cum.
Style
1
—
Service
4-15
National- Bond "k, Share_u„
u
Public
Ohio
57 7*0
(quar.)„
Securities, .(Maryland)
(irreg.)
National Biscuit Co., common.-.—
.i
Match
Ohio
25c
Nathan Straus-Duparquet, Inc.—
6%. convertible preferred (quar.)——,-—,
>.
Ohio
•
(H.
Portis
3-31
—
(resumed)
preferred
$25c
(s-a)
preferred
$2.30
750
Co.,
Porter
3-18
50c
common
convertible
$5
.
Ltd.
Utilities,
8-23 ./
12c
(P. E.),& Brothers—
Nachmen Corp.
Nanaimo-Duncan
$5
12c
:
__r.
Myers
'.
5-22
35c
...
.—
___
.
Muskegon Piston Ring (irreg.)
Mutual System, Inc., 6%
pfd.
v:
6-12
12c
Leather
Ponemah
3-13
$1,127.
(quar.)
common
(quar.)
Co.,
3-15
1
3-31
/
—
.
Mills
1
Holder3
4-
20c
—
(increased)
51
Payable of Rec.
5c
(quar.)
Pocahontas
4-
$25c
Co
Inc.
Creek
Share
$1.10
Ltd.,
common
preferred (quar.) —
5%. prior preferred (quar.)—
Ohio
1
—
Finance
4-
Company
Mining
Pollock's,
4-1
..$25c
-4V2%
.
.
_
Ohio
3-20
15c
4-
preferred
1
Pond
$2
Nova Scotia Light & Power (quar.)
Novadel-Agene Corp. (quar.)
4.40%
41
50c
(quar.)—-
3-15
3-20
$1.50
(quar.)
•
When
Per
Name of
Polaris
.
1
Edison Co.,
Holders
Payable of Rec.
40c
$1.50
Chemical, 6% preferred
preferred (quar.)__.
preferred (quaf.)—
preferred A Iquar.)
4.80 .% preferred A (quar.).
4.80%' preferred A (quar.).._
.
preferred
.(1407)
Co.-^
Co.—
4-
50C
(quar.)
Mutual Telephone Co. (Hawaii)—
"
Cement
—
RR.
Worcester
&
3-31
(quar.)__
4.80 %
Portland
States
Quarterly
Norwich
-
,
When
Share
-
of Company
Northwestern
,
$2
CHRONICLE
Per
Holderi
Payable of Rec.
12VaC
Munising Wood Products Co., com. (initial), :.
5 % preferred (initial)
12 Vac
$1.18%
Murphy (G. C.) Co., 4%% pfd. (quar.)
$20c
Murphy Paint Co., Ltd. (quar.)
50c
Murray Corp. of America, 4 % pfd. (quar.)_
50c
Murray-Ohio Mfg. Co. (increased)
Muskegcn Motor Specialties Co.—
Brass
FINANCIAL
&
Mines, Ltd
(quar.)
$1.10
4- 1
3-12
$7o
4-15
3-13
*»V<
LI
52
THE
(1408)
Par
■
.
'*
'
Name of Company
San
Works, common
Ltd. (quar.) ^«.T—
tquarj
Extra
Savannan
Refiiiing
Sugar
pid.
A
$3.40
common
Co., 3.35%
Electric
4- 2
preierred
series
Seaboard
Co.,
Co.
Common,
5%
Co.
preferred
(quar.)
class A
5%
pfd.
4-
1
3-20
5%
3-25
Stone
(initial)
(quar.)
Seismograph
Selected
Service
Corp.
Servel,
Inc..
Stra\v.bridge
4-
1
3-10
3-31
...3-17
3-31
3-17
Common,
Suburban
3-30
3-10:
4-1
3-15
4-
1
3-15
3-31
3-15
Sun
4-
3-17
Sunbean
3-16
4-
1
4-
15c
10c
4%
preferred
Shawmut
A
1
3-24
Sun
3-24
1
Superheater
4-15
Swift
&
4-2
3-2
Swift
jsauc
•
,
■—
4-
$1%C
1
5%
1
3-23
3-15
Class
3L14C
4-
3-23
Talcott
5%
Co.
^
Canada—
of
Ltd.,
$20c
(quar.)
class A
5c
$15c
(quar.);.^-.
3-10
1
4- 1
4-10
3-10
3-31
25c
pfd. .class A (quar.);-
Rayon, 5%
preferred (quar.)
Smith (L. C.) & Corona Typewriters
—
Drug
50c
4.25%
Sonotone
Corp.,
pfd.
Sorg Paper Co. 5Va%
Carolina
South
5%
Electric
preferred
South
South
Porto
Rico
Sugar
quar.)
Edison
California
Southern
California
6%
preferred
Southern
Ganada
6 %■
Colorado
Southern
Franklin.
7%
preferred
Ice
Southern
$7
Co.,
preferred
4.8%
Southwest
$6
Natural
preferred A
Southwestern Gas
Electric
5%
preferred
4-
$30c
$$1.50.
5-15
4-15
4-20
3-19
15c
•
Increased
Insurance
Trusts
75c
Factors
preferred
Standard
$3
Fruit
partic.
&
$1.25
$1.25
(s-a)
,
$2
$1.50
Oil
Standard
$1
3%%
Standard Paper Mfg.,
&
Common ;(initial)
Partic.
10c
18%c
Radio,
Ltd.,
Screw
Standard
Works,
Stanley
Class
Stanley
Starrett
Co.
Inc.,
Brock,
B
Ltd.,
class
A
Twentieth
1
3-15
3-16
$1.50
5-
1
4-15
4-
Bros.,
,-v..
Ltd.
8
8
3-20
Union
Investment
Union
Manufacturing
5- 1
5V2 </c
933%c
75c
4-15
4- 1
$25c
$31 Vic
$25c
tlOc
4-1
.«:V3- 1
4-10
3-22
3-31
3-22
12Vic
5-15
5- 5
50c
4- 1
3-
4%
1
6%
3-24
5-14
4-
3
3-15 -I
5- 1
5- 1
3-31
Drill
&
3-30
United
3- 4
75c
3-18
B
35c
4-15
United
6%
3-31
10c
3-31
Fruit
•
i
1
>
-
•
J
Co.
Fuel
'
4-1-::;" 3-15
6%
preferred
1
3-15
4-1
3-15
7%
4-1
3-18
Vulcan
4-1
3-19
$3
Vlchek
4-
31 Vic.
4-15
l;',v
Tool
Corp.,
prior
conv.
4'/a %
1
3-19
1
3-15
25c
5-15
5-10
Waldorf
8-16
8-10
Walker
11-15
11-10
Wagner
7%
&
Baking
preferred
Co.
(Hiram)
Walker
1
&
Walt
Co.,
Disney
6%
3-22
Warner
37 Vic
4-
1
3-22
Warren
4-
1
3-20
Washington
6-1
5-17
Washington
5-17
Waterbury-Farrel
Quarterly
Baking
1
Co.,
preferred
(quar.)
Brothers
A
(accum.)
Pictures
class
B
8
8
class
A
pfd.
com.
3-29
:'3-19
5-25
5-12
5%
5-25
5-12
Weeden
Weber
zL
;
Co.
3-22
4-13
Wellington
4-13
Wells
4-1
3-10
Wesson
4-15
3-18
West
Kootenay
$1
4-15
3-18
7%
preferred
55c
(Brooklyn,
4-
1
3-12
$7
6%
N.
4-
1 ":~\3-20
West
Fund,
Fargo & Co.
pfd.
prioi;
class"
3-31
"
'4-20
3-31
•
3-15-
V
'
4-10*
5C
4-1
4-22
3-31
*
4-22
3-3.1
r
4-
3-19
'
.3-15
1
-
4-
1
4-
1
3-12
f
5-20
5-11
'
4-15
3-19
-
•4-1
3-20
*
3-19
*
4-
'
1
4-
1
3-15
3-16
*
4t 1
3-16
-
4-
3-
,'5- 1
$1.50
4-
1
'4-
1
5
5
•
4-20
■
"^26
•
'
3-26
?
A
*3-16
*
3-30
3-16
r
4-15
3V31
*
tl '
y
(quar.)
1
3-19
4-
1
*3-12
4-15
4-
A
1
(s-a)_^i
pfd.
1
3t15
4-
1
3-15
$1.75
20c
8-12
Ltd.—
~
3-31
3-17
4-
1
3-15
50c
.4.
1
$$1.75
com.
-
*;■'
3-15
(quar.)
25c
4-1
.
3-23
3-15
3-31
*
:
171^
(quar.)
5-
1
4-15
$1.75
5-15
4.-19
$L75
(quar.)___
3-3Q
(quar.)■* $1.50
Utilities Co. $6 £fd7 ( quar.)
:
.
-
pfd.
8-16
22VbC
.
;
Co.„ Inc
Foundry
3 -.15
1.
4-
50^
-
(s-a)
Light,
4-
31 %c
~
(quar.)—
7%
3-22
Co.—
(quar.)
&
3-.T
4-
2%c
$1.25
l5o
4V2%
Electric,
3-15
3-30
50c
;____
(quar.)___r_-
Inc.
Steel
^4- 1
35c
•
pfd.
Power
pfd.
preferred
Texas
4-15
75o
25c
(quar.)__
Fixture
Snowdrift
Michigan
Penn
Y.)
$1
(quar.)__
Wellington Fire Insurance
7%
,
3-19
3-19
20c
(quar.)
4%
1
West
7-15
3-31
$2
'
(quar.)
1
3-10-
$5
Showcased
1
25c
Co.
Co.
4-
West
2
"
25c
5-
3-10...
R-
;
4-15
3-31
Co.—
(ouar.V
Motor
Oil' &
1
50c
Ltd.
5-
Ltd.—
-
(quar.)__
Co.
Foundry & Machine
preferred
&
3-
$1.50
(quar.)__
—
Weatherhead
1
1'
62V2C
(quar.)
Wayne Knitting Mills
(reduced)
Wayne Pump Co._^
Wayne Screw Products Co. iquar.)__
•
.
37%c
4-
3-15
6-
ff-
15c
(quar.)-
Waukesha
1
ri¬
8-21
6-21
$1.37%
2-27
1
;
37'/aC '
Z
1
4-
3-17
37V2c
Extra
4-
1
62'/aC
(special)
Waterous,
$75c
4-
25c
iquar.)__-_
Veneer
$1.75
;
8
Inc.—
Insurance
50c
(quar.)
3-
20c
3-10
3-12
-
(quar.)
Title
75c
(accum.),
1
$1.7.5
W.
&
Co.
15c
(quar.)_
*
4-
35c
-
(irreg.)
3-22
3-
8
25c
2
3-
*
3-
$4.50
1
1
3-20
1
'
4-
1
3-31
4-
$1
4-
4-
;
,
4-
4-
3-20
$2.50
common
preferred
Bros.
(accum.)
(quar.),
preferred
conv.
Ward
$1.50
(quar.)
Co
Bank
G.
4-
$2.50
*
3-31
$1.50
(quar.)
com
B
class
62 Vac
1
;
3-17
$1.75
~
Production,
5'/a%
3-31
>
3-20
3-27
37V2c
7%
Inc.
3-10
10C
3-J0
1
40c
37%c
(quar.)
class
3-10
•'
1
4-
8
30c
(annual).
System,
&
3-31
4-
4-
3-
$1.25
common
Corp.
3-31
1
•4-15
quar.)
Co._
Co.,
preferred
10c
preferred
Iron
Railroad
Walker
3-31
6-
1
25c
Detinning Co.,
4—
4-15
1
5-
'
87V2C
•
(initial
com.
preferred
Mold
4-
1
4-
com.
Wabash
6-
1
3-15
$2.50
(quar.)
4V2% preferred
Vulcan
4-10
6-15
J
1
87VaC
(quar.)___
Co.
3-19
4-15
1
912-
6-10
f25c
preferred
3-15
4-1
53 V»c
'6-
9-10
4-
,
(accum.)
3-15
Common
Corp.—
Industrial
preferred
,-■4- 1
50C
(quar.)
Investments,
A
Illuminating
Quarterly
partic.
Virginia Elec. & Power,
4-
3-10
12-10
-
50c
$5 preferred (quar.)
Virginian Railway Co.—
6% preferred (quar.)
?
(quar.)^—
United
3-15
'
(increased) ri
.
pfd.
1
f57c
(quar.)
$1
-
class
6%
3-15
$2
A
1
4-
*
$2.50
3-15
40c
class
4-
4-15
tax)
(s-ai
3-12
$1
Co.
Corp. 7%
United
3-18
4- 1
Tool
3-31
4-15
*
.
Cuba—
17 VaC
Co.
Extra
United Gas
preferred
3-15
$$1.25
of
;
1
(quar.)
(quar.)__;
Dyewood
United
4-10
$15c
5%
1
20c
7»/aC
Co.
(s-a)
1
1
pref.
4-
$1.25
(quar.)
3-31
;
preferred
$3
12-21
(quar.)
4-
(quar.)
Co. (quar.)
Carton,
1-2-49
.
Virginia-Carolina Chemical Corp.—
v
4-10
60c
I
Corp.
United
5-15
$15c
$10c
—
&
9-20
25c
(quar.)__
Cuban dividend
••'4-
25c
Co., com.
6-19
1
;
Sugar
$15c
27 Vac
Y.)
3-20
1
'62Vic
:
(quar.)
62 VaC
(quar.)
(s-a)
non-cum.
Class
5-29
(N.
Rubber
1
7-
$1.25 v
Works, common
27 Vic
Carbon
4-
26c
pfd. A
(quar.)
preferred
Common
25c
Board
United
3-15
3-24
•
Common
Acid
60c
&
&
-
10-
(quar.)
5.8%
common
Chemical
50c
(s-a)__.
Co.
*
5
62V2C
3J/2% preferred 2nd series (quar.)__.
Vicksburg Shreveport & Pacific Ry.—
3-15
;
,
1
•
Twist Drill
United
1
(less
37% C
Corp.
:
3-
—
Canaguey
Non-cum.
B
Trust
preferred
Union
1
4-
preferred
3Vi%
•
1
25c
(s-a)__
Union Pacific Railroad
3-1
4- 1
4- 1
60c
__—
preferred
Union Asbestos
1 .>:■
•4-
tl.75
Tyler Fixture Corp.,
5%% preferred A
1
9-16
3-15
$$1.75
208
1
9-30
4-
4-
(Sra)
(quar.)
Salle Street
3-15
3-20
1
62 Vic
(quar.)
preferred
Victor
25c
3-20
La
i'/o
6-23
6-
(quar.)
3-26
3-9Q
&
25c
3-23
I
$1.50
1
Co
4-
7-
1
62 Vac
3-31
(quar.)
.
Quarterly
Viaif, Ltd.,
quar.)
Carbide
—w—
Manufacturing
3-
$15c
City Rapid Transit 5% prior pfd. (quar.)
Twin Coach Co., $1.50 conv. pfd.
(quar.)
South
1
4-
62'/2C
Freeze, Inc. (reduced>_
Verney Mills of Canada, Ltd.—
$$1.25
pfd. (quar.)
Film Corp.—
preferred
Union
(quar.)
Stedman
Vertientes
1
1_
Twin
State Street Investment Corp,. (Boston)—
Stearns
(reduced
conv.
4-15
—
Irregular |___—
3-20
4-
1,
7%
Century-Fox
Common
3-31
Underwriters
(quar.)—.—
...
Co.
3-15
4-
Ltd.,
Udylite Corp.
(quar.)
(L. S.)
4- 5
Tobacco,
3-20
(quar.)
Works.
4'/a%
4-1/
-
(quar.)
Tuckett
3-20
(quar.)_—
common
pfd.
5%
B
Vulcan
3-25
4- 1
(quar.)
Phosphate
3-19
$$1.12'/a
3-22
4-
—
Wholesale
3-18
l;•'
$25c
—
4-
3-31
35c
Velvet
300*
4- 1
4-13
Co.
pfd.
$$1.75
(quar.k.
:
4-15
4-15
75c
25c
$56Vic
J,
A
1
(annual)
Quarterly
Quarterly
Troy & Greenbush RR. Association
—
Corp.—__—*—.__—
Stoker
Standard
3-15
»
class
4-.'4-
hoc:
Products
3-20
(quar.)
Co.
Silica
4- 1
Corp. $6'
$2
15c
$1.25
$1.06%
(quar.)___,_
Corp. (quar.),
Trinity Universal Insurance (Dallas)
H
$1.25
V.'.V'.v 15c
pfd.
(quar.i__
Co., $1.25 pfd.
(quar.)
Products
Tri-Continental
3-22
1
(quar.)
'
(quar.)
(quar.)
25c-
4%%
3-26
Participating
Standard
Standard
4-
Co,
(accum.)
(quar.)
Corp.", Ltd.—
preferred
3-31
(quar.)_
—
Finance
4-
6% preferred (quar.)..
Materials, Ltd.—
Standard
4 Va %
25c
preferred-;
conv.
Trailmobile
1
pfd.
preferred
3-18
(increased)—
com.__»
—
(quar.)
A
Paving
3-15
6-15
Ohio—
of
preferred
Standard
(quar.)_„
Corp.,
4Vi% pfd.
4-
B.)
Heating Corp.
1
•>-
—
Co.
5-14
8-13
Traders
9-15
—
Co.
common
Corp.
Treesweet
—
preferred
Towmotor
Trico
Participating
Standard Fuel, Ltd.
■
Vapor
45c
Mortgage Co.
Torrington Co.
.
(J.
non-cum.
4-
10c
common
iquar.J_
Toronto
.
—,
(quar.)
Steamship
3-31
Sciver
5%
,
A~ (quarj
90c participating class
3-22
4-15
preferred
30c
$15C
4-15
:
4-30
preferred
3-22
<
.——
RR
Corp.,
Co.
Corp.
Works, Ltd.,
;
3-16
5%
tl5c
_____
Standard
Ltd.
General
$1.20
$1.50
Van
10c
General
$1.25
Standard-Coosa-Thatcher
Bros.,
,
4-14
1
5%
Co.—
(Dallas)
3-18
$25c
preferred (quar.)
(interim)______
Iron
•
1
4-
t7'/aC
4V4%
Toronto
4-15
3-31
'
Toronto
1
6-15
4-10
%i $1.75'
3-15
Co.,.
International
Edison,
Tooke
3-15
1
3-10
(increased)
3-15
(quar.)'
Carbon
Spokane
Toledo
"
5-
3-10
(s-a)
(quar.)
common
3-31
40c
17 Vic
$2.50
Springer Sturgeon Gold Mines, Ltd. (interim)$3c
Springfield Fire & Marine Insurance Co
47%c
Square "D" Co. (increased)
25c
Squibb (E. R.); & Sons, $4 preferred (quar.)
$1
Speer
Co.,
'
1- ;
3-19
4-
3-31
.
4-1
5-
6-25
93 %c
4-10
4- 1
3-15
25c
preferred (quar.)
Company, class A
Class B
(increased)
4-
1
3-31
'
t%
>
4-30
3-20
$2
3-31
\
L
4-15
4- 1
1
40C
Todd
Toronto
3-15
4-
50c
Quarterly
1
,
25c
5%
.
3-25
'
4-15
b. 4 -
25c
8%
v
5-15
3-30
25c
(quar.)
*-_*
$1.12 Vz
(quar.)
Realty & Construction Co.~'--'Quarterly
3-31
3-31
4-15
3-15
•4-1".;.
$25c
\L
(extra)
preferred (quar.)
Packing
Cap,
.
3-15
3-10
4-15
•
50c
(quar.)
common
1
3-30
20c
$1.06 V*
pfd.
Tip Top Canners, Ltd. class A
Tip Top Tailors, Ltd. (quar.)
4-15
8
3-22
5
Co.—
3-12
(quar.).
Insurance
4'/2%
Od.
50c
certfs.
(quar.),.
& Electric—
Southwestern Life
-1:20c
i\
(quar.)
3-16
___
Co.—
Gas
B
Associated
3-12
—.
common
trust
preferred
Metal
4-
$1.50
Knitting Co.—
*
5%
prior preferred
(quar.)
5%
prior preferred
(quar.)
5%
prior preferred
(quar.)
5%
prior preferred (quar.)
Utility Appliance Corp.. $1 conv. pfd. (quar.)
Van de Kamp's Holland Dutch Bakers, Inc..
Trust,
—
3-31
4-15
3-
4-
50c
4- 1
37Vic
37Vic
1
3-31
$4
5%
Common
Tobin
4-
31 Vic
(quar.)
Corp.
(quar.)
Pictures
Co
•
Utica
;
$1.75
V
25c
—$1.75
(quar.)
.—
stock
One
Timely Clothes, Inc._
$1.62Vi
.
Upressit
3-20
3-20
Steel
Tobacco,
preferred
3-15
4-20
3-23
(quar.)
Utah-Idaho Sugar Co. 60c class A pfd.
Utah
Power
&
Light Co
1
__________
Corporation
Water
pfd.
;
..
3-23
preferred (quar.)
80c
3-10
50c
Tide
4%
'
4-15
5c
Corp.
.
1
r.4-15
(quar.)'
4-10
4-
; 3-20
4- I
17Vic
pfd.
conv.
r
50c
(quar.)-
3-29
4-1
1
5-
$12 Vic
5- 1
50c
•
4-
$8.75
$1.50
25c
Investment
Thriity Drug Stores Co.,
Camera
Universal
.
4-
5-24
11
Co.
Leaf
.
3-16
87%c
_1
Universal
8%
3-16
r
4-12
6-10
com._
Universal-Cyclops
$1
1
4-
$2
(quar.)
preferred
Stove
8-31*;
11-30*-
4-
75c
Corp.; Ltd.__
Stockyards Corp.—
conv.
9-20
preferred
Steel
Universal
;
5-3r*'
12-20
(accum.>•__
(quar.)
(N.
United Wallpaper, Inc.,
5*
3-
1
6-15
*
6-20
62%c
pfd.
non-cum.
United Stores Corp., $6
3-15
3-22
1
25c
:
6%
8%
3-24
(quar.)
Stores, Ltd.
(quar.)
Corp.
Co.,
4-10
;—
commonr._______
3-12
4- 1
3-15
3- 5
;
■*;'
1
'
3-31
93a/4C
3-16
(quar.)
General
3-12 v
_
Ohio,
Co.
(stock dividend)
4-1
3- 5
1
1
*
•
22Vic
;
(quar.)
1
___—
common—_______
&
Carbon
4- 1
4-15
4- 1
3-31
3-31
4-
44-
.
9
3-15
1
1
Lithograph—
&
Y.)
70c
3-10
3-19*i
3-15
44-
$i"
preferred
United
3-10
....
—
(stock
Canadian
1 'A
—.——
(quar.)
com.
Co.
3-10
3-19*-
1
75c
::
3-31
Quarterly
27c
———
____
_____
(quar.)_
Inc.,
4-1
7
<
.
70c
Trust
United
44-
60c
Smelting Refining & Mining
3-15
3-19*;
3-
(quar.)____.
S.
4-1
7
70c
preferred
S.
4-
70 c'
Radiator
7%
3-19
$1.25
Rubber
U.
3-19
1
3-22
(s-a)
S.
:
1
4-
3-31
^
S.
U.
4- 4
(quar.)__
U.
3-15
4-15
4-
3-31
quar.)_
10c
common
3-16
(quar.)
Southern New England Telephone Co.———
Southern Railway Co.—
.
5%
non-cum. preferred (quar.)
5% non-cum. preferred (quar.)
&
3-15
Thomastoiv Mills
37Vic
preferred
Mobile
Thermoid
Ltd.—
Process,
Gas
Thermatomic
3-19
3- 1
3- 1
3-31
.
5-15
Securities—
U.
3-12
.
3-29
$1.75
3-12
3-13
-
(increased
com.
5-
r
,
Quarterly
(irreg.)
Co.,
Power
Indiana
Southern
3-19
.
5%
4-15
$1.50
(quar.)
preferred
Printing
1
/;■ 4-
Co.,
Plywood Corp. common
3%% preferred A (quar.)
4-
10c
7.5c
(quar.)
dividend).
$1.25 convertible- preferred (quar J
4Vi%
3-15'
•
;
3-22
(quar.K-
Playing Card
S.
3-16
4-15
3-31
Co
S.
U.
.
5
1
50c
preferred
$1.75
i—
50c
——„——
(quar.)
1
4- 1
3-31
3-31
-
-4-1
$1.50
(quar.)____
,
Co.
Thrift
.—
( quar J
Southern
Textron,
25c
——_———
Water
Power
preferred
3-29
Ltd.,
U.
.
45-
$1.12 Va
3-12
1
4-
25cr
35c
$1.02%
$1.06 Vi
(quar.)
pfd.
62 Vic
(quar.)
common
4-10
Inc.,
preferred
$3.75
.
(quar.)____
A
California
4 %
CO.—
(quarj__
preferred
6%
3-10
Third
->
lquar.)__
Co., 4'/2% preferred
Pipe & Foundry Co.—
Si
3-16
$1.75
^
Lines
United
pfd.
1%
50c
$1.12%
50c
_—
—
(quar.)
Land
3-15
Co.—
Gas
Southern
Textiles,
&
1
i
,
-
preferred
Extra
3-15
V
Corp.—
Tishman
Original preferred
(quar.)
4.32%
preferred (quar.)
Southern
Texon Oil
$6
Light
preferred
3-31
3-31
.
Railway,,
&
$1
(s-a)
Co.
Telegraph
Pacific
3-30
4-
3-15
<;t: 3-31
—
'
Thor
-
Atlantic
Power
6%
3-31
:
U;
.
3-20
5
20c
Quarterly
2-14
,
1
4-
•
Quarterly
3-19
;
4-
$1
Quarterly
3-19
1
3-20
30c
50c
^
International
1st
10c
(quar.)
Service
3-19
(quar.)
com.
.
&
&
;
l
4-
4-1
(quar.)
4-
30c
4Vi% pfd. (quar.)
South West Penn Pipe Lines,
Southern Advance Bag & Paper—
Increased quarterly
—-—
Extra
Texas
1
common
Chemical
&
4- 1
3-30
—--.
.
preferred (quar.)
Pittsburgh Water,
Southern
Electric
4-30
4-30
,
62Vic
(increased
3-15
3-15
Texas
""
Gas—
(quar.i
Oil
Penn
tquar.)
(quar.)
&
Texas Co.
4-
12%c
12Vic
10c
31 Vac
$1.37-,
—
preferred A
preferred
4-15
4-15
4- 1
.4-
4- 1
.
(quar.)-^-^^—
Products
5-15
1
(quar.)
common
convertible
$1.25
—_
quar.)
preferred
conw
preferred
Tennessee
10c
20c
—_—
Co.—
Stores
(initial
Common,
Gas
50c
Snyder Tool & Engineering,
Society Brand Clothes
Sommers
t50c
$50c
:
4%
South
$1.25
$1.25
-
'4-1
.
$50c
i
Transmission,
preferred (quar.)
ft%
3-29
3-15
v
Corp.
5-15
: V'.
5'
$5
25c
Texas
.
-
Common, (quar.K
8%
20c
25c
S.
4-
1st
&
S.
U.
$5c
4.10%
$$1.25
_—
U,
2-27
3-17
1
Tennessee
.
3-15
4—1
Extra
3-10
4-
-1
1
4-1
$25c
47o preferred
(quar.)____
Taylor Instrument Coa, (quar.)
Telecoin
5
4-
4-
.
f
r
$1.75
(quar.)
preferred
S.
'
4-10
.
Foreign Securities—
Gypsum
7%
3-16
50c
B
Guarantee
S.
U.
5-1
(quar.)
common
■
9
1
15c
56Vic
———
—
3-19
2-27
3-19
4- 1
$3flo
__
(quar.)
(G.)., Ltd.,
3-31
3-31
3-31
35c
r
.—..—
Co.
preferred
Extra
9
33-
3-31
•
,
4-15
$1.75
(quar.)
Co., class A
2nd
S.
4-15
$1.25
(quar.)____
4-9
:
t
3-31
$1
3-10
.
U.
4-
-
35c
(quar.)
(James), Inc. com.
Tamblyn
$6
U.
$1
$l.Vic
: $1
.
quar.);
1
4-
9
3-19-
40c
(quar.).
5-1
$$1.75
(interim)
(increased
4-
3-
k
preferred
4Vi%
$20c
r.
Ltd.
1
A
1
4-15
4-15
37V2C
iquar.)
preferred
&
$4.50
25c "
.
_1
Tacony-Paimyra Bradge com...(increased quar.)
3-15
5-
3-16
40c
.-
Sylvanite
1
1
3-29
25c
tquar.)
3-31\
3-31
4-
,•
lac
4-
25c
7%
1
$2.50
^
1
preferred
3-I8
5-
62V2C
:
(quar.)_
(quar.)
com.
1
•
20c
Foil
Class
20c
Co.,, Ltd
i
Products,, common
59%c
tquar. ),—
common
prior preferred (quar.)—
(Howard) Paper Mills, Ltd.—
Smith
3-ia
tquar.)'
Corp.
S.
3-18
$1.06Vi
4-15
Silverwood'Western-Dairies, Ltd.—
Extra
1
$1.12 Vi
(quar.)
Sylvania Electric
$4
preferred
(quar.)^
Gold Mines,. Ltd.
3-23
4-
15c
5c
(interim)—
(quar.)
Ltd.
*
Co.
preferred
1
International
Co.
Superior Steel
convertible
4-
(increased quar..)_.
Co.
S.
$4
50c
3-19
Mining
S.
U.
(quar.)_
Publishers
1
4-
20c
(qiiar.)
7%
3-15
ptd.
Conditioning $7 pid. (quar.)
Fidelity & Guaranty Co, (Balt.t (quar.)
Finishing Co., common (resumed).
3-10
1
,4-
U.
Canal
&
&
partic.
5-
50c
1_
non-cum.
Machinery
3-16
•
53C
Air
U. .S.
(quar.)
5-25
5%
preferred (quar.)
Simplex Paper Corpi (increased).
Sinclair Oil Corp. .(quar.)
Skenandoa
preferred A
3-31
1
3-10
RR.
Printers
preferred
S.
U.
4-
(quar.)
5Qc
(interim)
B
1
3-30
62 l/zC
Sunray Oil'Corp., common fquarj
4 Vi%
preferred series A (quar.):
Sick's Seataie Brewing & Malting
Class
Corp.
Sunshine
(quar.)
Silverwood. Dairies,
1
4-
t$5
3-10
(quar.)
Breweries,
4-
50c
6%
U.
3-18
lac
3-18
7% (preferred (quar.);
Shuron Optical Co.
(quar.)
Sick's
1
$1.13
1
Mines,
Williams
4-21
Corp.
3-18
-
50c
(monthly)
National
United. N. J.
3-27
quarterly
Co.,. 4'/2 %
preferred
United
9
20c
(quar,)
1
4-
..
v
Oil
3-18
6%
Canada—
oi
1
United
tquar.)
Co.
4-
United Shoe
common
A
Assurance
Increased
pfd.
4-
.Sheraton Chip, of America—.
$1.25 covertible
preferred (quar.)
Common
piererred
Lile
53c
.
4-15
4-
(quar.)
5%
Gas,
1
3-22
4-
3-25
1
5-
1
1
4-19
—
4-
4-24
1
each
58Vic
4-
5-
dis-
be
for
58VaC
20c
4-
will
(monthly)
(monthly),
6.36%
preferred (monthly)
6.36%
preferred (monthly)
6% preferred (monthly)
F»'
3-15
15c
Traction
&
31a/4C
stock.
3-22
25c
of
preferred
1
—
Light
but cash
rate
preierred
4-
(special)
common
4-
Shellmar Products Corp.,
Sherwin
Propane
Chemical, Corp.,
$4.50
Sun
3-31
the
7%
3-11
'
$1.25
40c
Associates
preferred
6-16
(quar.)
Co.,
tion
3-15
1
4-10
1
common—
«x.JL2%
'
4%%
1
7-
issued,
s
share
Fractional
79i>
43;</4.c
25c
(quar.)___,
preferred
at
Traction -;,
&
held.
American
be
25c
$1.37%
(quar. i__
Gold
4-
i
.—
(quar.)
Extra
Sheep. Creek
tqiiar.)____.
(quar.)__
«•••'
(increased
—
(quar.)
56c
r
1/5Oth share of American Light & Trac¬
3-17
(quar.l
Clothier,
convertible
47«
Shawinigan Water 6c rower—
»;
1. ; •
of
not
3-15
25c
Inc.
&
Stromtoerg-Carlson
$1.13
:
prior pfd.
4-
25c
P^d.,
will
3-31;
■■•':
Holders
Payable of Rec;
'•
'
..
,
of one
rate
shares
50
V'-V tributed
3-16.
56c
Corp
preierred
$5
$1.25
(irreg.)
Steel
Sharon
Stop & Shop,
50c
$1.25
20c
(quar.1
uie*e»»uii
Gas
&
3-25
3-19
1
4-1
d'"
______—,—t30c
«*.ou
Shamrock .Oil
4-10
4-
4-10
12 Vic
(quar.)—
shares
'.
3-16
Studebaker Corp.
prior pfd. (quar.)
Shares
American
3-31
15c
common
7%
preference
3-31
$1.50
$1.75
(quar.)
Selected Industries $5.50
prior
Container
6-15
each
stock at
common
for
1
■
Light
American
Co.,
9-15
\
87 Vic
(quar.)_
Payable' hi
12-15
20c
(quar.)
Fuller
&
6-30
9-30
;
Stokeiy-Van Camp, Inc., comrnun
Louis—
St.
Baer
?
3-15
4-
When
Share
Light & Railways
common
istock diviaend)..—
v
3-15
12-31
;
Stix
$1.12 VS
35c
65c
75c
10c
Co.____
preferred
3-9
4-1.0 /
$1.25
7
3-31
;
12 Vic
Textiles,
preferred
1
5-
Tr
Per
A
United
3-31
'25c
(quar.)
Stern
4'/a7o
3-20
_
$31 Vic
4'/a%
preierred (quar.)
Stewart-Warner
Corp,__
5-14
—
preierred
4-19*
3-12
1
Co.
Seeger-Refr.gerator
Stern
1
(quar.)
Seiberling Rubber Co. 4 V2%
4-1
4-
(quar.)——
of
Sterling,
6-
(quar.)____
General, $6
Corp.
Investment
Sterling Drug, Inc., 3Vi%
Sterling
Electric
Motors
7-16
15c
preierred
Securities
3-17
&
4_
r
'■■■■
"•
Ayt.Name of Company
7.
$1.25
Engineering
Inc.
4-
1
$1.25
4-16
1
5-
;
1
5-
$43%.c
tquar.)
Products
91 Vic
Securities Acceptance ouip. t^mana)
Securities
preierred
Holders
1
(quar,.)
H—
(quar.)
pfd.
6%
(quar.)
preferred
(quar.)—
com. .(quar.):
preferred
convertible
Gas
preferred
5-
$1.25
1
4- 1
4- 1
83%c
(quar.)__
com.
preferred
A
85c
50c
——__
(quar.)______—
Finance
5%
Monday, March 29, 194&
;
Payable of Req.i
f75c
(quar.)__
5%
;
preferred
8- 1
4-15
5-
.50c
(quar.)__
pfd.
5%
Steel
1
Share
;
of
3-10
44-
25c
;
Scruggs-Vandervoort-Barney
$7
3-13
27%c
.2.7 VaC
(quar.)_
preferred
Co.,
Co.,
$2.60
1
4-15
(quar.)__,
0V2 %
Mig,
Seattle
4-
$1.25
Paper
Scranton
$4.50
3-13
b'/o
preierred A
tquarj
Schuster (Ed):-& Co.
(quar.)..—_
$3.65
3-29'
25c
Co.
When
Per
Name of Company\.
I.
CHRONICLE
'
Canada, common (quar.)
7%
participating preierred
(quar.)_____
Parcictpatjng
Stecher-Traung Lithograph Corp. com,
3-10
1
4- il
——
5%%
Scovill
1
4-
(quar.),—_
Schwitzer-Cummms,
Scott
4-
30c
preferred
5%
.
6-15
'
50c
_
&
6-30
$12 Vac
40c
<,
—___
Company———
Atlanta Railway Co.—
&
Savannah
1
(quar,)...,...
Electric Co.
Sargent
.
75c
FINANCIAL
;..
,
Steel
1
Water
Jose
Sangamo Co.,
Sangamo
Holders
Payable of Reci
Association,
Loan
(semi-annual)
Ltd.
Whm
Share
Remedial
Francisco
San
COMMERCIAL. &
„T__r~ ~
$1.50
5-15,
4-
1
'
.
3-18
4-19
'3-15
THE COMMERCIAL
FINANCIAL
&
CHRONICLE
(1409)
53
'
(V---V
iV-''
■ ;r..i'
Name of Company1* •"
'
i-v''When i Holders
> Share Payable of Rec.
Such
and,
West
Virginia
(qitarJ^Ll.VJl-'''
Pulp & Paper
J;
Special
-
25c
S>
4-..T
25c
>
Weat Virginia. Water Service—
4- 1
Extra
Western
Departipent. Stores (quar;)^^-^^-. ;
Electric.Co.
Jill.:—,
4-1
$1.40 preferred (quar.)
Western Insurance Securities
(quarjv-
$2.50
ClasS
A
preferred
Massachusetts
Western
Tablet
&
5%
preferred
5%
preferred
Western
A
4- 1
Corp.,
'
com.—
4- 1
4- 1
-4- 1
4- 1
3-31
3r31
4- 1
50c
,
.
$1
'
25c
(quar.)—$1.50
(George) Ltd. (quaK'u————
*{20c
Weyenberg Shoe Mfg. Co. (quar.)—;—:
25c
Wheeler Osgood Co., common.
__—:—
15c
(quar.)
Weston
preferred
(quar.)
:
I2V2C
75c
_—
Wheeling & Lake,Erie Ry.," (common-----5V2%
(this
preferred
conv.
preferred
prior
Whitehall
Wluting
Paper
River
50c
$1.25
14c
20c
—i
Wichita
Water
Co..,
Oil
Electric
Co.
6%'
preferred
piu.
A
iqyar.)—
Stores,, common (quar.)——- ??
preferred (quar.)
---—preferred (quar.) ______^-^1-.-.. .$1,06V4
Will & Baumer Candle, 8%-pfd. (quar.)—.1.
$2
Williams (J, B.) Co. .(stock dividend)——
100%
Willys-Overland Motors, Inc.—^
$4.50 conv. pfd. series A (quar.);
:—$1.12 Vi
Wilsil. Ltd.
(quar.)
«
.«
{25c
Wilson & Company, $4.25 preferred (quar.)
$1.06'/4
,6%
.
4(4%
•
Wilson-Jones Co.
Winn
&
Lovett
Wiser
0.1
Co.
Wood
I
Woods Mfg. Co., Ltd;
4-
15c
25c
$1.25
(initial)—
common
—
_
Woodward
.
&
(quar.)—
Lothrop,
common
of
u
Wrigley (Wm.)
Yale
?•
&
Towne
Yellow
Cab
^
conv.
6%
convertible
Yolande
Young
In
preferred
Steel
York
of
1
Corp.
Based
to
books
"Transfer
tPayable in U. S. Funds,
{Payable
resident
in
tax
Canadian
15%;
a
Less
British
x
Less
30%
such
less
income
mortgage
at
$25 .per
The
issuing
is
share.
offers
-
«.
each
right
A
stock,
common
for
(EST)
subscribe
April
on
The
the
at
shares
29
to
West
19,
Penn
of
share
one
stock
common
of
pursuant
and
the
or
weeks'
offer.
through
.
of
in
in
company
whole
of
operation
Chase
in
or
the
Transfer
>
1.
0
Agents:
company,: 14
the
at
105.205%
election
thereafter
J
1958;
in
A
,
.
1
4-1
3-31
case
caption
company,
New
part
by
(
I
•
,
New
burgh,
Pa.
■
the
h
the
the
with
Trust
M,
due
March
I
12,000,000
issuance
From
the
at
the
stock,
1978—
1,
$1001
par
series
348,401
310,355
1,672,165
1,514,274
457,370
313,590
1,561,074
258,157
4,521,000
3,745,000
2,391,000
$9,445,893
$7,862,889
549,731
742,843
$9,682,337
637,880
$9,995,624
$8,605,733
$10,320,698
2,023,194
2,432,519
2,274,080
$6,173,213
*$8,046,617
accounts....
.
12,000
B
5,000
Gross
Total
issuable
are
is limited
at
series.
The
to
present
1947, there
4Vh%
as
preferred
Company
of
of
amount
bonds
issued
be
may
authorized
only
under
indebtedness
aggregate
322,000
classified
total
shares
to
and
Net
of
the
be
be
of
the
thereafter
preferred
series B,
stock,
of
had
shares
50,000
4V2%
as
preferred
received
stock
common
issuance and
to
at
the
1945
been
reflects
Amortization,
under
the
on
reduction
shortened
a
in
Federal
basis
Necessity Certificates
of
taxes
Sept.
issued
29,
by the
on
1945,
Federal
Without the benefit of this tax reduction which amounted
the consolidated net income of the
companies would
$5,126,260.
PURCHASERS
of
the
several
the
each
OF
ADDITIONAL
are
PREFERRED
principal underwriters
respective
number
of
of
the
shares
follows:
as
STOCK—The
additional
severally
to
First
&
W.
&
v,
.
Weeks
The
Wisconsin
Co
Dickson
&
Putnam
&
900
Co._
900
Reynolds
Starkweather
Arthurs, Lestrange & Klima
Curtiss, House & Co;
1,980
1,980
&
900
900
1,980
Co.—
&
Shares
^
3,960
Co
Deane
Ohio
Co
3 960
Harden.—
Leonard
-•
Co
Co..
&
■■ •:'•■
-
&
3,960
&
&
by
No. of
Co,_
&
McDonald
Co
Trask
Singer,
—V.
-
Chaplin
5.775
3,960
Pressprich
S.
1 •
Corp.— 7.965
Co
Milwaukee
R.
4,
Shares
Boston
stock
purchased
:.T
!
The
names
preferred
be
No. of
is
the
not
been
unclassified
until
further
stock,
50,000
;128,000
and
applicable
company
Co
900
&
Co
900
500
500
-
Fahey, Clark & Co
Glover & MacGregor, Inc.__
1,980
Lynch
&
1,300
1,300
Grubbs,
Scott
Scribner—
J.
Hilliard
Co., Inc.
1,000
McJunkin,
B.
J.
&
500
500
Co.—
500
&
500
Patton
Son____
Co
&
500
167, p. 1264.
Western Auto Supply Co.
All
the
of
$4,900,000
(Mo.)—Calls Debentures—
outstanding
15-year 3sinking fund deben¬
for redemption on April 22,
next, at 101 and accrued interest.
Immediate payment of
the full
redemption price may be obtained at the Chase National Bank of
the City of New
York, 11 Broad St., New York, N. Y.
due
Funds
bank
Sept.
for
loans
1.
this
and
have
1955
and
purpose
for
been
called
for
the
retirement
all
of
short-term
additional
working capital were recently received
placement of a $15,000,000 3Vs% note, due in
1968, with the Metropolitan Life Insurance Co.
through Merrill Lynch,
Pierce, Fenner & Beane, See V. 167, p. 1264.
through
the
private
to
sale
of
by the
will
the
be
for
company
credited
additional
to
the
100,000
capital.
Accordingly,
stock,
common
shares
3.035,000
of
upon
shares
stock will be
outstanding and the stated capital represented
thereby will be $24,250,000.
sylvania
light
AND
March'
and
BUSINESS—Company
1,
power
1916,
a
companies.
is
company
as
and
merger
Charter
incorporated
was
consolidation
of
in
Western Union Telegraph
Co.—Earnings-
Month of January—
Operating
1940
revenues
1947
$15,813,369 $16,329,701
16,052,010 ,15/761>891
Operating expenses
electric
53
the production,
certain
localities
in
territory in Which the
covers
is
company
approximately 3,775
Gross
authorized
miles
square
furnish electric
to
and
has
a
the presence
resources,
locations
for
industries
of
navigable
cipal activities of the rural
The
stock
operating
derived
were
The
total
dependent upon these.
and
The
of
revenues
as
income
Net
the
during
company
the
!
•$571,249
—
income
$149,010
(net)
14,506,
6,758
25,000
accounted
income
for
during
month
*$531,743
income
transferred
Holders to Vote
territory
$155,768
4,000
to
earned
surplus—
*$535,743
$155,768
Cumulative Balloting for Directors
on
The stockholders will vote at the
annual
ing the
The
the
meeting April 14 on amend¬
by-laws to provide cumulative voting for directors.
in its proxy statement, said a stockholder will submit
which the management intends to oppose.
A similar
company's
company,
proposal,
proposal
vote
of
year
1947
to
residential
from
29.7%
482,080
$670,315
521,30s
♦Deficit.
cus¬
submitted
2,019,777
The
fellows:
♦$89,169
ordinary income—
Deductions from net
districts.
approximately
.102)505
'
the
the
to
annual
against
and
meeting last
395,312
year
defeated
was
by
a
for.
cumulative
could
tomers, 13.1% from commercial customers, 48.4% from industrial cus¬
tomers, 5.7% from affiliated electric utilities, and 3.1% from other
p.m.
ordinary income
$567,810
■
149,472
>
Net
population
rivers,
•$238,641
—
Jfet ordinary income
Extraordinary current
Delayed. income? (net)
1,110,000.
The general character of the territory is
because of substantial deposits of bituminous
coal, limestone,
natural
revenues.
Deductions from
approximately
other
oper.
perpetual.
public utility company engaged in
a
Net
Ordinary income, non-communication—
Penn¬
many of the small industrial cities and towns in the general
vicinity of but not including Pittsburgh, which is the center of a large
iindustrial area.
The principal industries
served by the company are
the bituminous coal
mining, iron and steel, glass, non-ferrous metals,
chemicals, sand, stone, and gravel, clay products, and transportation.
General agriculture,
dairy farming, and fruit growing are the prin¬
par)
3
for
to
$2,920,357.
have
includes
share.
due
of common
favorable
common
income
certain', facilities
the
of
of preferred stock
shares
will
staBed capital
authorized
$2,500,000 to
and
per
income
♦Net
income
tures
178,000
classify
there
classified
4.20%
as
322,000
stock
that
so
.____
deductions.-—.
Moore,
$150,000,000.
were
proposes
preferred stock
additional
Non¬
(no
income
income
{24,250,000
{45,292,300
in
income....
common
of
stock
non-operating
The
(cumul.
except that additional bonds
the indenture and that the
of
income
on
William Blair & Co.—
297,077 shs.
—
par)
income
on
The
50,000 shs.
(ho
stock
industrial
expire
West
Electric
Penn
the
Co.
Practically all of the electric energy sold and distributed by the
company is produced at generating stations which it
owns.
Of the
generating stations owned by the company one is leased- to and oper¬
ated by West Virginia Power and Transmission
Co., a subsidiary, and
is
voting amendment would give stockholders the right
vote per share for each member on the board.
The stockholders
one
cast
The
all
21
these
directors
votes
now
April 14 meeting.—V.
and
like
upon
sinking
fund,
another is leased to and operated
for
director,
one
serving
167,
are
split
or
candidates
for
1264.
p.
them.
re-election
at
the
,
St.,
and
be
and
equal
also
Capital
stock
par
on
thereof;
dividends
by
together
thereon
under
Co.,
and
:
interest
issuance
of
to be received by the company' from
series
M;( bonds, additional preferred
stock, after deducting estimated expenses
or
and
dividends,
sale
of
are
estimated
$12,000,000
of
as
and
sale
of
shares
of
follows:
stock__
stock
net
and
which
to
adjacent
and
minor
certain
operated
extends
Cumberland,
on
its
v/cst
by
interconnections,
Co.
by a
Potomac
The
from
Md.
and
2,482,000
Penn
$19,374,130
as
Net
the
as
Electric
company,
the
parent
be
series
M
its
provide
of which $800,000
Jan. 31, 1949.—V.
1948.
before
is
Agreement—
loan
agreement
the
prepavm'ent
for
to
be
167,
with
three
of $1,600,repaid before April 30
89.
p.
company on March 22 filed a registration statement with the
covering $14,000,000 first mortgage bonds, due 1978. The names
underwriters are to be determined
through competitive bidding.
Proceeds, together with $1,000,000 from bank loans
and $1,000,000 from
the
The
south
company's
territory
with
the
of
the
sale
used to
&
bonds
Stuart
&
—
of
E.
Masten
the
to
Wisconsin
of 3%%
Central
of
Hanover
Electric
Power
Co.,
first mortgage bonds
Bank
&
Trust
Co.
will
at
and
be
1021/*%
Marshall
Ilsley Bank $200,000 in bank loans—V. 167, p. 90.,?*;',:
The
by
served
SEC
company
for
from
be
March
on
$150,000 6%
date
of
used
issue,
for
(N. J.)—Files With SEC—
18
filed
cumulative
to
be
corporate
letter
a
notification
of
deferred
debentures, due in
without underwriting.
purposes,—V. 165, p. 3100.
■■
sold
at
par
with
20
the
years
Proceeds
y
includes
plant
the
are
creased and
demonstrated
system.
form
its
of
important
an
94.549 %
85.858%
as
of
the
Corp.
Co,____
several
respective
of
the
common
stock,
voting
part
is
of
stock
The
stock
Pump
Machinery
Corp.—Stock
Split-Up Authorized—
stockholders
from
&
:
750,000
March
on
shares,
no
,
increased
23
par
value,
the
to
-
2,250,000
In¬
:
authorized
shares,
common
no
par
value, and approved the split-up of the present outstanding 308,080.7
shares of
An
owned
underwriters
of
amounts severally
to
principal
principal
follows:
Co.
Weeks
&
Worthington
common
amendment
same
names
and
—
Michigan
&
stock
common
repay
Workers Finance Co.
Lake
served
territory
company
of
redeem $12,500,000
to
and
d£y
stock
to
pursuant
the
to
on
the
three-for-one basis.
certificates
which
each
of
incorporation was filed on the
share of common stock will be
changed
Fauset, Steele & Co._
First
Co.
constituting
purchased by each
Inc.
A.
amended
to
Wisconsin Michigan Power
Co.—Registers With SEC—
Trans¬
companies.
PURCHASERS—The
the
17
1947,
The
having an aggregate generating canominally rated by the (tympany, or 578,375
capability.
defined
the
by
%
West
Halsey,
4,895,350
$800,000
10,
132,000
1
CONTROL—Company and subsidiaries
The
of
in
notes
Dec.
on
Feb.
generating stations
plant
is
Hornblower
Total
impor¬
an
capability for each generatng
dependable
load-carrying
capability at the time of, and for the duration of peak load conditions.?
bonds______ $11,996,780
common
electric
station
Pitts-
the
common
station
is
pacity of 559.475-kw.,
kw.
to
the
proceeds
sale
of
will
-
-
Trust
owned
subsidiary,
a
generating
lines
system of The Potomac Edison
line
PROPERTY—The physical property owned by the
New York, and agents of the
Pa.: - Registrars: Chase National
and
Co.,
transmission
electric
company
eight
14,
par).
Bank
volt
the
Monongahela* Power Co.
1953;
Co.,
National
its subsidiaries is
prices:
14,
before April
Provisions"
.
mission
,•..
net
transmission
Lynn
time,
any
April
or
value
accrued
Stock."
(no
with
the
redemption
before
or
"Redemption
Pittsburgh,
Mellon
to
66,000
volt'
Nationol
dated
SEC
system of subsidiaries of The
Penn
Electric Co., including Monongahela Power Co. and The
Potomac Edison 1C0;
The electric system of the company is connected
with the electric system of
Monongahela Power Co. by 132,000 volt
Trus¬
at
interchange
arrangements
and certain affiliated com¬
-companies
West
Pa.:'..
redeemable
following
on
11011-affiliated
The electric system of the company and
tant part of the
integrated electric
notice
case.
various
panies.
1
Motor Co.—Amends Bank Loan
company
than 4%
with
1948;
initial
Registrars:. Chase
the
of
is
by Beech Bottom Power Co., Inc., an
electric energy generated at such sta¬
the company for distribution- by it.
During 1947
of the company's requirements was purchased from various
non-affiliated
companies.
Company
has
less
are
and
each
in
although
company,
delivered to
•
the
at
thereof
102.205%
See
of
to
000
and
tions
the
tl)e
White
The
banks
associated
redemption
initial
redeemable
Pa.?
is
Bankers Trust
Wood
issuance
(cumul,.
$100)
service
$25
From the issuance and sale of $5;000,000 preferred
From
282,459
437,120
doubtful
taxes
Baker,
(500,000 shs.
stock
pfd.
of
tax.
source.
will
the par value thereof
amount
an
stock and additional
accrued
stock
value
of
common
York,
'
3%
1974_____'
1,
stock
pfd.
HISTORY
the
Total
stock (no par) is $45,292,300.
As of Dec. 31,. 1947, there
2,935,000 shares of common stock outstanding and the stated
capital represented thereby was $21,750,000.
The entire consideration
stock, series B (par $100).
New York,
and agents of the
Co.,
company,
par
date.
PURPOSE—The
and
«
of
Agents:
14
2,935,616
282,150
$7,972,430
for
Spencer
3,500 000
12,500,000
{The
14)
company,
be
Pittsburgh,
preferred
shares
Bank,
•
.
St.,
"Description
100,000
Transfer
2,769,996
3,368,291
282.150
Operating income
R.
Outstanding
1970—
its
3-5
3-22
non-residents'
Federal
were
at
York or Chicago.
Bonds will
lot, on any interest date four
improvement
Bankers
thereafter
redemption
2,943,069
3.588,732
(coal)
Estabrook
FINANCING
1,
4-24
cumulative preferred
at .103.205%
and
each
the
of
PRESENT
TO
Authorized
March
shares
3-19
at
■
Wood
additional
at
EFFECT
v
May
classified
4-20
7-20
3-16
4-
Bank, New York, and Colonial Trust Co., Pittsburgh,
The
GIVING
due
tAs of Dec. 31,
3-19
3-22
102 plus accrued interest
Bank, New York. Y
>??
National
50,000 shares 4.20%
•;
1,303,586
433,883
1,492,191
adjust.
Harriman Ripley &
Co., Inq.
shares unclassified,
:it redemption price being
tee,
and
foreseen.
due
3-15
4-30,
stock
The
-
published notice, at option of
being 105 (4 ; bonds will also
price
be
K, 3%
L, 3%
company
1
,
agency
redeemable
be
4
circumstances
of
now
17,000.000
4.- X
4-30
7-31
4- 1
$12,000,000 first mortgage bonds, series M, 3%, dated March 1,
March
1, 1978.
Interest payable on March
1 and Sept.
office
acquisition
The manner of obtaining
light
cannot
sources.
due
'
the
I
♦Bonds
1948.
subscription
•
in
1968....
changed
proceeds to the company in respect of the series M bonds,
preferred
stock
and
the
additional
common
stock
follows:
as
•
determined
1,
2-24
3-20
additional
i
633,847
1,604,952
3,536,695
repairs__________
depreciation....-
plant
taxes
and
»
Aug.
par
offering to buy fractional warrants prior to 3 o'clock p.m. (EST) on
April 19, 1948, at a price of $3.25 per full share warrant.
The
price to the public, underwriting discounts and commissions
•
1,461,935
1,744,474
Electric
chis
to
program.
due
4- 1
4-1
additional
1,585,117
net
3iA%
Common
Co., parent, has agreed to purchase from
the company, at the subscription price, all of the shares of additional
common
stock except those subscribed for by the .public stockholders
;
the
The balance of such net proceeds,
is to be applied toward the cost
J,
shares
common,
held,
common
of
part
a
of
($27,000,000
4.20%
SUBSCRIPTION OFFER
additional
with
its
Series
•
rate
of
for
repaid
part of
amount
a
the
1966___
4'/2%
holders of its common • stock, other than
its parent companies, of record March 24, the right, to subscribe for
an
aggregate of 5,517 shares (approximately 5(/2%,-l of the additional
.
be
in
1,
Preferred
to
company
to
are
loans
distribution, and sale of electric energy in
Allegheny, Armstrong, Butler, Cameron, Centre, Clarion, Clinton, Elk,
Fayette, Greene, Huntingdon, Indiana. Jefferson, Lycoming, McKcan,
Potter, - Washington, and Westmoreland Counties, Pa.
of
and
for
Government.
bank
Jan.
The
shares
re¬
Series
1
100,000
plant
from
due
The
company
salvage
State
adjust¬
Series
3-19
4- 1
3-31
(Continued from page
collecting
&
general__,
Taxes, other than income...
amortization
the retention
Series
General Corporation and
investment News
The
the
acquisition
hand,
on
3V2%
7%.
COMMON STOCK
plant
now
tempororily financed
short-term
bonds:
3-24
at
1,975,640
construction
I,
dividend.
tax.
depreciation,
payments,
company
by
be
4-10
deductible
706,817
346,445
2,388,728
749,441
and
securities
of
Series
tax.
income
the
CAPITALIZATION
1st
3-19
56(40
15c
tax
tax
will
3-18
2-2
Canadian
funds,
for
electric
supplies
existing at the time which
3-30
3-30
75c
15%
accounting
Maintenance
Provision
5,188,990
470,337
299,786
promotion
Administrative
of
5,541,535
317,762
2,413,819
Customers'
Amort,
1945
301,532
^
Distribution
Drexel
—
15c
this
for
amount
conditions
3-20
25c
—
for
and
and
sale
available
cash
the
estimates, the company will require in addition
resources
approximately $6,000,000 in 1949 to com¬
3-31
.
$1.75
—
resident
Jamaica
1,547,000
;
present
cash
own
unlimited
(quar.)__
closed
not
its
terms
quar.)
power
SUBS.)
AND
1946
$32,778,789 $31,644,053
7,123,830
Transmission
Provision
(COMPANY
1947
__$38,189,104
4,937,000
—,—
from
plete its construction program ior that year.
,
1
;
of
dividend
construction
upon
2-28
<
(quar.)
of
loans
t4c
25c
25c
:
preferred
Zeigler Coal & Coke Co.
These
1948
3-27
37V2C
37VaC
20c
(initial
the
3-15
(quar.)-;
—
Car
facilities
obtained
proceeds from the current financing.
after repayment of the bank
loans,
classified.
(quar.)
4'/2%
Corp.,
250,000
___________
2,085,000
accruals
expense
1947,
$40c
—
from
excess
$1.75
?—
be
to
materials
program
$4,000,000.
4- 1
5Uc
______
com.
(quar.)
Youngstown
■
new
in,
November,
3-31
—
(quar.)
preferred
Co.
750,000
facilities
$6,300,000
and
of
use
earnings
3-31
50c
(quar.)
S.)
distribution
funds
result
discount
the
75c
(monthly)
preferred,
Corp.
(J.
7%
Ltd.
will
*50o
.
the
to
construction
3-11
3-11
4- 1
4- 1
(quar.)
Co.. * common—_
6%,
v
Mines.
Jr. Co,
Mfg
and
approximately
10c
—
7%
preferred (quar.)
__—;——
Combing Corp. of Canada, Ltd.—
Quarterly
Wnght-Hargreaves
Pa.___^
1,500,000
$22,646,000
debt
of
Wool
1
Pittsburgh,
distribution
addition
ments,
3-25
4-15
4^ 1
"
—
,
Co.,
Pittsburgh, Pa.—___
Co., Pittsburgh, Pa.
Co.,
Trust
&
1
purposes
3-19
•
4-1
4-30
$1.50
Woodley Petroleum Co; (quar.)
Woodmont Corp.. $3 preferred (accum.)
Woodward Iron Co.
(quar.)————4%
;
Trust
Bank
——$1,500,000
ACCOUNTS
Total operating revenues
Production
Sales
York___
New
and
transmission
1948
4- 1
5-3
25c
(initial)
in
3-26
3-1
3-15
4-1
4- 1
56V4C
(quar.)_
-
-
Steel Co.,
preferred
Bank
National
Trust
electric
In
3-19
3-25
,
pfd.
6%
11
(Alan)
5%
Power,
(quar.)!
a
First
Bank,
Total
•
75c
■
—
;
Electric
Extra:
■
_
Grocery Cov-~ 1
preferred A (quar.)
AVa%
> Wisconsin
£
_
—
promissory
'
City
Other
3-5
3-5
3-31
4-1
3-17
3-31
4- 1
,3-15
3-19
3-19
4-1
——
-
with
notes, and
INCOME
Calendar Years—
Purchased
1947,
tired, and other miscellaneous items.
4-15
4-1
4-1
4- 1
4- 1
4- i
4-15
$1.75
30c
30c
75c
(quar.)—
Wieboldt
,
Rural
2 20;
4- 1
4-15
v
25c
—
7%
17,;
the
applied to the company's construction
were
'
Colonial
Electric
3-18
6-17
4-21
4-15
$1
—
Corp
Co.,
3-25
5- 1
4-1
4- 1
$1.37 Vi
——
Fund, Inc.
Wichita
Wico
(quar.)
Corporation
Whitaker
3-20
3-16,
being
issue
called for redemption on May !)_——
Wheeling Steel Corp., common
$5
short-term
Nov.
to
Co.—
(resumed)
convertible
loans
made
CONSOLIDATED
com¬
$4,000,000
construction
the
and
improvements
corporate purposes.
were
company's
to
the
of
of
amount
CONSTRUCTION' PROGRAM—The cost, of the construction program
the
company
and
subsidiaries, exclusive of Monongaliela Power
Co.
and
its subsidiaries, for
the year 1948 has been estimated as
follows:;..-'• %•.
"a.■ ■
Electric generating facilities
i__—_ $14,077,000
3-15
3-10
3-10
3-15
3-10
3-10
,
Westmoreland Water $6 pfd.
50c
such
additions
repaid
repayment
company,
3-19
50c
(quar.)_—4.__—
..
Telegraph
be
the
the
principal
the
Royalties
4-20
$1.50
Cos.
——_—I—
$1.25
(quar$1.25
Westmoreland, Jnc.
5- 1
4- 1
3-31
4-10
4-1
7- 1
25c
,
Stationery
to
so
to
the
of
and for other
company
National
Peoples
3-15
'
in
extensions,
loans
National
The
3-15
4-15
of
proceeds of
Mellon
•
be, applied
funds
of
(quar.)
Union
Class
4-15
$50c
;
?:•;
4-20
3-23
Co.—
(accum.)
(quar.)
Western
4- 1
3-31
bank
v program:
The
to
are
others
banks,: against
the
4-13-25
—t35c.
—
,
3-25
.
$1
'
-
Grocers, Ltdl,/class: A
The
3-15
3-26
40c
,
Western
6%
4- 1
4-/1
10c
Western
acquisition-
iour
preferred
proceeds
outstanding bank loans
together with
properties of the
3-15
3-15
,v? »
$1.12%Western Assurance Go: (Ontario)1 (s-a)-—t$1.40:
Western Commonwealth Corp; class A (s-a)
20c
$4.50
or
'
-
net
pany's
West-PeniViPdwerv;Ctiu).-cpinmoh:^ Cln(^^a§ed)ti 2 vv40& ,ti3r3l;; 3-19■ ••;,
4% %
preferred? (quar,)
$1 •12
?"!?
tracts
Minsch,
$6,900,000
150,000
400,000
1,250,000
250,000
into three shares by the distribution on March 31, 1948 of
two additional shares to holders of record March
23, 1948.
The New
York Stock Exchange on March 23 directed that the
Exchange con¬
Monell
Mullaney,
E.
M.
Otis
Ross
Newton
&
Stroud
Thomas
Co..
&
common
stock
bookings
and
Co.—
$200,000
&
Co.—
300,000
in
250,000
factory labor relations
&
Co.—;
'
Co
&
in
Current
&
—
Inc
Company—
1,250,000
excess
of
indications
last
year,
April
1,
billings
and if
with a
we
1948
of
shall
the
can
balanced
be
ex
company
assume
flow
a
of
said
distribution.
"are at a rate well
continuance of satis¬
materials
and
supply,
that billings for 1948 will exceed the total for 1947,"
Searle, President, informed the stockholders. Billings last
aggregated $84,968,636.—V. 167, p. 1264.
750,000
Clarence
300,000
year
E.
are
54
'
'
THE COMMERCIAL
(1410)
&
FINANCIAL
CHRONICLE
Monday, March 29,>1948
•
.
*
*
"
■
State and
BOND
Reports
1947
on
Fiscal
Year—
State Treasurer.
ing
the fiscal year ended Sept.
30, 1947, as called to our attention
by Mayor T. H. Meighan, are as
Bonds retired during the
amounted
year
to
$203,500;
valuation for
sessed
is
1947
as¬
$30,-
eral
in the past year to¬
$341,032.54.
Moreover, ac¬
cording to Mayor Meighan, "de¬
spite the many demands created
funds
taled
by
fast growing city, the in¬
our
in
creases
salary for the approxi¬
mately 400 municipal employees,
as well as replacement of machin¬
ery and equipment and additions
to our fixed assets," the city is
still operating within its income^
•
- -
ARKANSAS
tion
held
March 20
on
approved
issue
an
elec¬
the voters
of
$1,000,000
held
Helena .School
for
check
Helena
(P. O.
Ark.
election
able
A certified
payable
the
to
bonds offered
.Bond Sale—An issue of $102,000
construction bonds was sold re¬
cently to Herman Bensdorf .& Co.
of Memphis,
and Associates, as
follows: bonds maturing .from Jan.
1, 1949 to 1964 inclusive, as 23/4s,
and bonds maturing from 1965 to
1968 inclusive., as 3s. Dated Jan.
1, 1948.
Interest payable J-J.:
Barney
Equitable
Kaiser
part
Bond
State
Treasurer,
sealed
bids
Simms,
be
received
by
the purchase of $5,054,000 refund¬
ing bonds on behalf of the City.
Dated July 15, 1948.
Denomi¬
nation $1,000.
Due $400,000 Jan.
and July 15, 1949, $400,000 Jan.
•and $429,000 July 15, 1950, $225,000 Jan. and July 15, 1951 to 1955,
$225,000 Jan. and $200,000 July 15,
1956, $200,000 Jan. and July 15,
1957, and $200,000 Jan. and $150,000 July 15, 1958.
Interest rate
as
follows: 1%%
bonds matur¬
on
land,
000
1958.
Principal and in¬
terest payable at the State Treas¬
urer's office. The legal opinions of
Leslie C. Hardy of Phoenix, and
Orrick, Dahlquist, Neff, Brown &
Herrington of San Francisco, will
be
building
interest
5%
May
1,
Denomination $1,000.
Due
1948.
$30,000
bonds.
on
May
inclusive.
1961
terest
(M-N)
Dated
1 from 1949 to
Principal and in¬
payable
at
the
County Treasurer's office.
tified
bid
check
for
cer¬
5%
of the bonds
to
Chairman of the Board of
t'
Chula
City
will receive
sealed bids until 7 p.m. (PST) on
March
30
for
the
purchase of
Bryant,
Clerk,
The
The
bonds
to
Loan
Commis¬
the right, in their
reserve
discretion,
reject
any
bids and to waive any
informality in
and
all
irregularity
bid.
any
The
Loan Commissioners will take
urer's
in
after
the
expiration of the
time herein prescribed for the re¬
ceipt of proposals;
provided that
Bidder
to
a
a
name
expressed
multiple of y4 of 1%. A cer¬
check for 3% of the bonds
tified
bid
for,
of the
order
payable to
city, is required. Legality to be
approved by O'Melveny & Myers
of Los Angeles.
Water District
County-Coastwide
ac¬
awarding the bonds or re¬
jecting all bids not later than 24
office.
single rate of interest,
(P. O. Half Moon Bay), Calif.
tion
issue
Sale—The
Bond
of $300,-
000 water bonds offered March 23
—v.
the
167,
p.
1302—was awarded to
William
R.
Staats
Co.
of Los
the award may be made after the
Angeles, at a net interest cost of
about 3.72%.
An account com¬
expiration of the specified time if
the bidder shall not have given to
posed of Kaiser & Co. and Juran
&
Moody bid
the Loan Commissioners notice in
writing of the withdrawal of such
proposal.
be
to
the
as
soon
will
be
about
successful
it
can
be
is
estimated
July 15,
1948. The
bidder
shall
have
the
Elementary
Placer County
(P. O. Auburn), Calif.
Bond Offering—Lillian Rechen-
successful
the bonds
as
which
prepared,
3.92% basis, v
a
Joint
School District,
Delivery of said bonds
made
on
Trail
Donner
bidder at the State Treasurer's of¬
fice,
County
macher,
ceive
Clerk,
bids
sealed
will
until
10
did
highest bidder.
Voted—At
Not
terest
tered bonds.
Commissioners shall fail to tender
Denomination
the bonds for delivery on or be¬
fore Aug. 15, 1948, and in such
the
successful
entitled
to
the
bidder
return
shall
of
the
on
building
coupon
or
regis¬
Dated April 1,
1948.
$1,000. Due $5,0Q0
April 1, from 1949 to 1958 in¬
clusive.
(A-O)
Principal and
payable
at the
interest
County
Treasurer's Office. Rate of interest
to
be
in
bids must be unconditional for not
multiples of J/4 of 1%.
Bidders will be permitted to bid
less
different
deposit accompanying his bid. All
than.-all
of
the
for- not
less
than
thereof
and
accrued
date of delivery.
the
bonds,
par
and
value
interest" to
Enclose
a
certi¬
the
5
the proposed
not
March
on
issuance
bonds
for the
exceed
July 1,
De¬
1948.
$100.
Due
follows: $1,500 in 1949
to 1957, and $2,300 in 1958. Prin¬
cipal and interest (J-J) payable
at the County Treasurer's office.
The
as
will
bonds
be
sold
cash
for
only and at not less than
Election—At
Bond
pal
election
voters
of
bonds
will
and
state
the
separately
tric
to
a
certified
Dec. 16, 1947.
check
for
and
pre-r
amount of the bonds bid
able
to
the
Chairman
Supervisors.
for,
;'v\
■
■
■ •
A
Bernardino
County (P. O. San Bernardino),
Calif.
Not
tion held
did
not
•-
Voted—At
March
on
approve
elec¬
the voters
12
the
an
.'
issuance
of
$150,000 construction bonds.
(P. O.
Bond
Sale—The $884,000 sewer
construction
bonds
offered ; on
March
17—v.
purchased
167,
by
a
p.
bonds.
in
000
Bonds
Authorized—An issue of
was
Bond
a
net
R.
interest
Staats
Sale
Details—In connec¬
bonds to
the
not
and
a
price of 100.039,
cost
of 2.526%,
as
1966,
and
on
(P.
O. Miami),
Voted—At
March
Fla.
elec¬
an
the
16
voters
the issuance of
administration building
approve
equipment bonds.
GEORGIA
Bibb
Bond
p.
O. Macon),
$2,500,000
(P.
County
Sale—The
bonds offered
on
Ga.
2%
March 23—v. 167,
1199—were purchased by a syn¬
composed of the Trust Co.
dicate
cf
Georgia, of Atlanta; Northern
Co., of Chicago; Equitable
Securities Corp.; Robinson-Hum¬
Trust
Clement A.
Co.;
both
of
Evans
&
Johnson,
Atlanta;
Lane, Space & Co., of Savannah;
Neal &
Tindall
&
Wyatt,
Co.;
Waggoner; Norris & Hirsh-
berg1,
and
all of
Atlanta,
Due
J.
H.
as
&Co.,
Hilsman
follows:
Danbury,
serially
on
Jan.
1949 to
1973, incl.
3G0,0C0 road bonds, at
1, from
\
a
/
price of
101.50, a basis of 1.525%. Due
serially on Jan. 1, from 1949
to 1954, incl.
' ■
'/ /'/
\
City National
Bank & Trust Co., of
as
..
2s, at
100.125,
March
15
reported in our
as
issue—v.
167, p. 1199—
learn that the bonds are dated
March
on
1, 1948, and mature $1,000
March 1, from
Dated Jan.
able J-J.
the
1, 1948. Interest
clusive.
30
not
The
prices to yield from
Offering—John
to
the
A.
Han¬
(EST) on March
purchase
exceed
5%
of
the
earliest
maturity
to
for the bonds due in 1973.
school
bonds
are
callable in
$100,000
interest
inverse
Jan.
1,
from
104% to 101 %, plus accrued
order
1953,
at
on
and
after
their
City Clerk, will receive sealed
for
for
payable M-S.
Interest
Norwalk, Conn.
Bond
1%
2.40%
pay¬
bankers re-offered
The
bonds at
1949 to 1958 in¬
com¬
Co., all of
1965
$2 500,COO school bonds, at a price
of 96.75, a basis of 2.317%.
with the sale of $10,000 air¬
port
in
Not
$125,000
Danbury (P. O. Danbury), Conn
tion
1963, $200,000 in 1964,
Shores
held
Brooke,
Springs, Colo.
CONNECTICUT
;
to
1955
in 1968.
Co.,
3% water improvement
recently authorized.
$15,000
bonds
in
$183,000 in 1967, and $208,000
phrey
Angeles, at
the
Orrick, Dahl¬
Jan. 1
interest.
1198—were
syndicate
1951, $183,000 in
$183,000
$192,000
interest date on or
1, 1953, at 102 and ac¬
Los
of
on
any
Steamboat
we
Napa), Calif.
improvement
July 1, as fol¬
$217,000 in 1960 to 1962, $250,-
Jan.
of
-
and
1954,
did
elec¬
Bonds maturing on
1, 1954, are call¬
1948.
on
bids until 9 p.m.
the; maturities
1950
tion
Colo.
$250,000
$140,000 23/4s, due
sen,
The legal opinion of
in
pue
$133,000 in 1949, $267,000
'
Napa Sanitation District
as
1949,
1951,
v
William
to
lows:
system
&
crued
of
Mission Sch. Dist., San
Bonds
sewer
bonds offered March
group
pay¬
Board
street
bonds,
system
the
of
July 1
$167,000 * in
in
1950
and
4,000,000
167, p. 1303—were awarded
after Jan.
Enclose
1%
sanitary
and
Due
in 1952, $217,000 in
1953, $233,000 in 1954, $267,in 1955 to 1957, $300,000
in 1958 and 1959, $333,000 in
1960 to 1962, $400,000 in 1963,
$300,000 in 1964, $283,000 in
1965
and
1966, $267,000 in
1967, and $317,000 in 1968.
April
from 1958 to 1962 inclusive. Dated
authorized at the elec¬
on
,
munici¬
the
held in
composed of Stern
Co., of
Kansas
City,
Coughlin & Co., and Bosworth,
Sullivan &- Co., both of Denver,
as
follows: $110,000 2V2s, due on
Jan. 1 from 1953 to 1957 inclusive,
a
Bros.
any,
were
tion held
$50,000
revenue
23—v.
terest the bonds shall bear. These
bonds
storm
1957, $200,000 in 1958 and 1959,
water
La Junta,
offered for 'the
bonds bid for, and the rate of in¬
if
/
consider the issu¬
Sale—The
Bond
interest
and
at
000
Miami
1,
miilm,
$10,on
consist of the
bonds.
$433,000
Bonds
accrued
delivery,
of
Details—The
bonds to be voted
follows:
sold
COLORADO
after
date
to be
$300,000
able
the
:
in
and
to
Issue
$6,000,000
Calif.
Whittier,
Jan.
Each bid must state that
Fla.
Jacksonville,
Bond
1952, $158,000 in 1953, $167,000
the bidder offers par and
livery.
3V2S,
as
;///J-
•>
all inclusive.
and
par
accrued interest to the date of de¬
Lauderdale, jointly,
at 95.00.
turing $5,000 from 1957 to 1969,
Fields,
nominations $500 and
July 1,
were
bonds.
purchase of $15,800 not to
5% interest construction
Dated
California
of
the
interest and
Fort
connec¬
100.027, a net in¬
terest cost of 2.709%, as follows:
$35,000 as 2V2S, maturing $5,000
from 1950 to 1956, and $65,000 ma¬
price
a
ance
Bond Offering—John D.
of
*
of the $100,000
the
to
learn that the bonds
we
Dist.,
Weaverville ), Calif«'
issue
An
—
certificates
was
purchased
re¬
cently by • Marshall / Dancey, of
New York, and Ogden & Co., of
Calif.
Details—In
with the sale
tion
of
Trinity County (P. O.
Sale
$700,000 water plan and distribu¬
system construction revenue
tion
$267,000
the
Valley Union Sch.
Hayfork
•
Hallandale, Fla.
Certificate
defeated
voters
Sole dad,
Sale
Bond
the voters
16
the
approve
'
FLORIDA
pital bonds
split rates of interest irrespective
of
urer, is required.
issue of $75,000 hos¬
posed of Blyth & Co., R. H. Moul¬
ton & Co., California
Bank, and
rates
charge.
A
$1,000 payable to the City Treas¬
sewer
March
on
elec¬
an
City, will be fur¬
purchaser
without
certified /check
for
following:
Seneca Hospital District, Calif.
Bonds Defeated^—At an election
$161,000 construction bonds.
re¬
(PST) on April 6 for the purchase
$50,000 not to exceed 5% in¬
eight, at his option, to cancel the
of purchase if the Loan
event
Sch. Dist.,
Glenn County, Calif.
a.m.
of
contract
be
Hamilton Union High
Dated May
system bonds.
$1,000, payable to
County Supervisors,
of
York
the
the April 6 election
1,
is required.
$194,000 not to exceed 4% interest
sewer
New
nished
000,000
at
tion held
V.
of
Sav¬
&
County Treasurer's office. A cer¬
of
single
multiples
The approving
the next
In¬
tified check for
in
1/10 of 1%.
a
opinion of Wood, King & Dawson,
Bank, of Los Angeles, as reported
on
March
15—v. f 167,
p.
1199—
the Board
interest
of
or
at the
or
Co., Nor¬
name
ings Association, of San Francisco,
bidding on a 1.8374% basis, was
and
Bonds
Herbert
—
$1,000
Trust
to
of
Bank
Trust
$3,000 from 1950 to
1968 inclusive.
Principal and in¬
terest
(M-N)
payable
at
the
1949
County
Calif.
Vista,
Offering
May
Dated
The
1948.
National
in
Supervisors, is required.
Bond
15,
America
dated
are
water
order of the
payable
for,
A
bonds.
Denomination
1948.
Bidders
$260,-
terest M-N. Due as follows: $4,000
bonds.
missioners.
will
April
bonds
The
interest
5%
(M-N) payable at the City Treas¬
charge.
to the highest
considering the
interest rate or rates specified and
the premium offered, if any.
The cost of printing the bonds
will be borne by the Loan Com¬
hours
exceed
building
exceed
bidder
best
or
to
to
awarded
will
and
clusive.
pay¬
Manhat¬
the
Co., New York City,
March
1950; and $200,000 l3/4s, due
April 15 from 1951 to 1957 in¬
County Clerk, will receive sealed
bids until 2 p.m. (PST) on May 3
without
sioners
Clerk, will receive
County
not
000
of
offered
and
on
District,
School
Colony
$63,000
167, p. 1199—was awarded
Halsey, Stuart & Co., Inc., at a
price of 100.098, a net interest
cost of about 1.819%, as follows:1
$60,000 3s, due on April 15 in 1949
County (P. O. Fresno), Call
Bond Offering—E. Dusenberry,
1, 1948. Denomination $1,000. Due
May 1,; as follows: $10,000 from
1949 to 1966 inclusive, and $14,000
in
1967.
Principal and interest
be furnished to the successful bid¬
der
Fresno
ap¬
to
Fresno
-
Union
not
ing Jan. and July 15, 1949 and
1950, and a maximum of 3%% on
to
the
at
Feb, 24.-
sealed bids until 2 p.m. (PST) on
April 5, for the purchase of $390,-
bonds maturing Jan. and July 15,
1951
on
voters
of
Cruz, Calif.
bonds
sewer
Bank
Norwalk
23—vi
High Sch. Dist.,
County Clerk, will receive sealed
Imperial County (P. O.
bids until 10:30 a.m.
(PST) on
El Centro), Calif.
Bond Offering—W. J. McClel¬ April 6 for the purchase of $61,-
Commissioners, at
bis office in the Capital Building,
until 5 p.m. (MST) on May 4 for
authorized
bonds
Brawley
that
announces
will
the State Loan
the
the
16
Sale—The issue
Bond
000
the
walk..
y8
Woodland High School
: 1;7;
,
Santa
Co., of San Francisco,
jointly, at a price of 100.015, a
net interest cost of 2.0648%, as
follows: $242,000 as 2V2S, maturing
Aug. 1, $17,000 in 1956; $113,000
in
are
of
at
' I
rate
election
an
issuance. of
&
CALIFORNIA
election held
Phoenix, Ariz.
Offering — Mit
the
District.
1957; $112,000 in 1958, and $1,008,000 as 2s, maturing $112,000
from 1959 to 1967, all inclusive.
Banning Union High Sch. Dist.,
The second highest bid submitted
'v',Xr:o. Riverside County (P. O.
ARIZONA
was that of Blyth & Co., Northern"
Riverside), Calif.
Trust Co., Chicago, R. H. Moulton
Maricopa County, Roosevelt Sch.
Bond Offering—G. A. Pequeg&
Dist. (P. O. Phoenix), Ariz.
Co.,
Security First National
nat, Clerk of Board of Super¬
Bank of Los Angeles, and William
Bond Election—At an election
visors, will receive sealed bids
R. Staats Co., jointly, for $466,000
to be held on April 10 the voters until
April 12 for the purchase of
will
consider
the
2y4s, and $784,000 2s, at 100.145.
issuance
of
$210,000
building
bonds.
These
$160,000 construction bonds.
March
proved
Co.,. of New York,
Securities Corp., and
.
Yolo County
Voted—At
on
able
South
Dist.,
construction bonds.; At the same
time the District voted to become
23—v. 167, p. 1198—were awarded
to a group composed of Smith,
&
Principal and interest (M-S)
.
(P. O. Wood'and), Calif.
held
1,
1948.
Denomination
Due $20,000 on March 1,
1949 to 1953, all inclusive.
from
tan
Bonds
March
on
March
$1,000.
to
Sch.
V
registered bonds. Dated
coupon or
J-D.
Plainheld
City School District, Fresno
struction
1952
1971,; all inclusive.
Dated Dec. 15, 1946.-Interest pay-
County (P. O. Fresno), Calif.
Bond Sale—The $1,250,000 con¬
District
West Helena),
$5,000
from
bonds
the
4s, maturing
15, from 1948 to
1950, and $676,000* as 21/2S, i ma¬
turing $36,000 in 1951, and $37,000
County Treasurer, is required.
West
-
at
as
Dec.
on
*
1.
$108,000
.
$36,00*0
bidder
These
June 25, 1947.
on
Fresno
County.
charge.
authorized
were
Ark.
construction bonds.
Phillips
to- the -successful
without
Little Rock School District,
Bonds Approved—At an
1155,363,
or more than twice the
1937 aggregate of $14,831,021; ad¬
ditions to fixed assets from gen¬
;
follows:
quist, Neff, Brown & Herrington,
of San Francisco, approving the
validity of the bonds will be fur¬
nished
A few outstanding facts in regard
to the operations of the city dur¬
follows:
PROPOSALS AND NEGOTIATIONS
fied check for 5% of the total par
value of the bonds, payable to the
ALABAMA
Gadsden, Ala.
City Department
prices
ranging
interest.; The underwriters report
tiiat
the
school; ceived
issue
is. being ,well re-
THE
Number 4685
yolume 167
Daviess
Jo
ILLINOIS
County (P.
Galena), III.
;
''
Bridgeport, III.
Bonds
held
/
Voted—At
March
on
2
Bond
election
voters
the
issuance
the
proved
an
of
000 road
County School District No. 39
(P. O. Wilmette), 11.
Bond Offering—Millard D. Bell,
Bond
Due
1963
1967.
to
'
All of the bonds
bonds
the
of the
none
bonds will be
and
no
more
000
terest rate will
each of the
order
Madison,
~
Bonds Approved
—The
III.
to Legality
as
$250,000 swimming pool and
recreational
thorized
facilities
at
the
bonds
<
election
from
au¬
held
&
Marion, III.
Bonds
Approved
,t;
4
be considered for
to'legality by Charles & Trau-
ernicht
each of said
of St.
/
.
/
extension
$10,000 in 1950 and 1951, $15,000 in 1952, $10,000 in 1953,
$5,000 in 1954, $10,000 in 1955
to
1960, $5,000 in 1961, and
$10,000 in 1962 to 1967.
85,000 storm drain bonds.
Due$5,000 Dec. 1, 1949 and 1950;
from 1952 to 1961, and from
1963 to 1967, all inclusive.
Dated
Louis.
Stifel, Nicolaus & Co., Chicago, III.
be considered
providing for
than
one
said
respective
the
interest rate
more
each of
on
bond
issues
and
interest rate for each of said
respective issues shall be
an even
multiple of 14 of 1%. No bid will
considered
less
for
than
par.
the
approving .opinion of Chap¬
man
& Cutler, of Chicago, and
said opinion is to be paid for by
the Village.
The printed bonds to
be
supplied
by
the successful
bidder, and all bids must be so
conditioned.
check for
Enclose
certified
a
$20^000, payable to the
projects
//•;.
.
<
INDIANA
building bonds offered on March
19
v. 167, p. 1200 — were pur¬
chased by Raffensperger, Hughes
&
Co., of Indianapolis, as l%s, at
price of
100.089, a basis of
Due
serially on April 1, from 1949 to
1968 inclusive.
Principal and in¬
a
1.739%. Dated April 1, 1948.
maturity at the rates specified by
the bidder for each of said issues
the period from 1927 to
and after deducting
just
therefrom any
issued
been
olaus
&
by
105
1947 has
Stifel,
Nic¬
Co.,
W.
Adams
Street, Chicago 3, 111.
The firm
states that copies of the tabula¬
premium offered. The bonds were
authorized pursuant to an election
held in and for the District on
tion
The bonds will be
general obligations of the District
payable from ad valorem taxes
levied upon all the taxable prop¬
erty in the District without limi¬
tation as to rate or amount. The
bonds will be delivered with the
Feb. 14, 1948.
acquired or con¬
by public bodies during
;
will
be
furnished
upon
re¬
quest to either its Chicago office
-
or
the
branch
office
at
314
Broadway, St. Louis 2, Mo.
tabulates
record
neers'
estimated
connection
the
traffic
revenue,
with
the
No,
years
the
used in
purchase
actual
Evanston, III.
Washington Toll Bridge Authority
(Lake Washington Bridge), where
Sale—The
$1,150,000 po¬
bonds offered
on
March 22—v. 167, p. 1199—
were
purchased by a syndicate
composed of the Continental Illi¬
lice and fire station
Bank &
National
F.
C.
&
Childs
Trust Co.;
Co., both of Chi¬
of
1.8925%.
Harris Trust
&
did
not
Not
on
,VT
No.
elec¬
\
March 16 the voters
.
■.\'|
:/
..
(CST)
on
as
200,000 sanitary
Bond
tion
Callable
"
Iowa
terest.
000
in
1964
$15,000 in
and
1966
1965/ and
and
1967.
in
j'/
Vj-;
flood control bonds. Interest A-O.
Denomination $1,000. Due $7,000
The bonds
subject to redemption at par
and accrued interest on any in¬
April 1, 1950 to 1958.
are
terest payment date. These
the
part of
sue
sell said additional bonds at
time it suits its convenience,
for less than par and ac¬
any
bid
No
bonds
In
—
connec¬
the
to
$35,000
Farmers
Trust & Savings Bank,
reported in
as
our
learn that
the bonds were sold as 214 s, at a
price of 101.71, a basis of 2.34%.
Interest payable M-N.
167,
—v.
p.
1092
of Spencer,
March 8 issue
—
we
interest will be considered.
crued
district
The
will
bonds
and
Bond
Bluffs, Iowa
Sale—The
furnish
Heyburn
legal
a
&
printed
opinion
Marshall,
pay
of
of
all ex¬
penses
in connection with the is¬
suance
and sale of the bonds. En¬
close
certified
a
check
for
$1,000
payable to the District Treasurer.
.
$200,000 flood
protection bonds offered on March
22—v.
167, p. 1304—were pur¬
chased by the Harris Trust & Sav¬
ings Bank, of Chicago; WhiteFhillips Co., of Davenport, and
follows:
April
1
1949
$163,000 3s, due on April 1 from
1964 to 1967 inclusive, and $44,000
214s, due
bonds
are
April 1, 1968.
The
dated April 1, 1948. The
on
bonds will carry an
of
% %
•
Second
extra coupon
first two years.
the
for
100.004 for a
214 s, 23/4S and
high bid of
combination
of 2s,
made by Scharff & Jones
was
Election
—
At
special
a
election to be held on April
consider
will
voters
of $58,000 water
tem bonds. "
'
the
Washington Independent School
District, Iowa
Bonds Defeated—At
on
March
the
the
8
voters
issue
proposed
an
of
election
defeated
$185,000
27 the
No.
School
District
23
(P. O. Lake
Charles), La.
Bond Election
At an election
—
be
will
held
April 5 the voters
consider
the
issuance
of
on
No.
Parish,
held recently the voters approved
the
issuance,
of
$200,000 hospital
construction bonds.
offered
notes
on
March
Dated
25,
1948, due
Nov. 3, 1948. The only other bid*
der was the First Boston Corp,,
and
Chemical Bank & Trust C<&,
New
plus
York, jointly, for
premium of $111.
a
Boston
'
;
1.25%,
Metropolitan District (P. €L
Boston), Mass.
:
Bond Offering—Arthur J.
Chairman
of
Board
receive
will
tees,
the
Kellfo
of
sealed
Trus*
bids ait
district's
office,'; 20
Somerset
Street, Boston, Mass., until 11 a.m
(EST) on April 5 for the purchase
of $1,000,000 series A boinds cdt
1948.
Dated April 15, 1948.
Due
as follows:
$50,000 Oct. 15, 1948;
$50,000 April 15 and Oct. 15 from1949 to JL957 inclusive, and $50,0CK>
April 15, 1958.
Bidder to nanus
the rate of interest and all of the
bonds
must
Bidder
the
bear
rate.
same
may
Chicopee, Mass.
Bond
Offering—Walter J. Try-
bulski,
ceive
City
1
Ruston
(P. O.
Treasurer,
bids
sealed
March
the
for
30
will
until
re¬
noon
on.
purchase
of
veterans menru>
rial bonds.
Dated April 1, 1948.
Denomination $1,000.
Due $5,000^
on April
1 from 1949 to 1968 in¬
$100,000
coupon
Bidder to name a single
interest, expressed in a
multiple of 14 of 1%.
Principal
clusive.
of
rate
(A-O) payable at the
National
Bank
Boston.
of
Legality to be approved by Storey,
Thorndike,' Palmer
&
Dodge
of
Boston.
Easthampton, Mass,
notes
the
Sale—An
Sch.
Dist.
Ruston), La.
$400,000
March
24
to
Co., of Boston, at
0.82% discount.
Other bids: Mer¬
chants National Bank of Boston,
Day Trust
0.824%; Second National Bank cf
Boston, 0.889%.
Harwich, Mass.
Offering
'Bond
bids
sealed
.
'
/
.
K.
Henry
—
Bearse, Town Treasurer,
ceive
tion with the sale of the
issue of $50,000
awarded
was
will
until
11
re¬
a.m.
connec¬
Sale
March
our
1304—we
22
learn
sold at
167, p.
the bonds
issue—v.
that
price of 100.075, as
follows: $170,000 as 234s, matur¬
ing on April 1, $15,000 in 1949 and
1950; $16,000 in 1951 and 1952;
$17,000 in 1953 and 1954; $18,000
in 1955 and 1956; $19,000 in 1957
and 1958, and $230,000 as 3s,. ma¬
turing $20,000 in 1959; $21,000 in
1660
and 196*1; $22,000 in 1962;
$23,000 in 1963 and 1964; $24,000
in 1965; $25,000 in 1966 and 1967,
and $26,000 in 1968, all incl.
were
as
3,
1949 to
$17,000 from
inclusive. Principal
$18,000 from
inclusive
to
1959
and
Due April
$1,000.
follows:
1958
1968
and
semi-annual interest payable
at
the
Day Trust Co., Boston, or
at
the
Cape Cod Trust Co., Har¬
wich, at holder's option. Bidder to
name a single rate of interest, ex¬
pressed in a multiple of 14 of 1%.
Legality to be approved by Storey,
Palmer
Thorndike,
Boston.
.
&
Dodg6
cf
-
Haverhill, Mass.
'Bond Offering
sealed
—
/
.
Gertrude
A,
improvement of 1947 bonds
Mercantile Trust Co., of
Baltimore, for $55,000 as 314s, and
$45,000 as 4s, as reported in our
bids
until
11
a.m.
March 29 for the pur¬
$50,000 water loan bonds,
125th issue.
Dated April 1, 1948.
Denomination $1,000.
Due April
(EST)
connec¬
the
March 31 for the pur¬
$350,000 coupon school
April 1, 1948. De¬
Dated
nomination
ceive
City, Md.
$100,000
to
Sale
on
of
Barrows, City Treasurer, will re¬
Details—In
water
(EST)
chase
bonds.
a
tion with the.sale of the
Bond
election
$106.
-
Details—In
Bond
Ocean
an
loan
March 22—v. 167, p. 1304—were
purchased ; by Halsey, Stuart &
Co., at 1.22%, plus a premium o£
'
Lincoln
Atwood, Kan..
At
Sale—The $5,000,000 tera*
porary
$225,000 construction bonds.
MARYLAND
—
Boston, Mass.
Note
'Note
Calcasieu Parish
KANSAS
>
Bank of Attleboro.
and sewage sys¬
..
construction bonds.
Bonds Voted
—
issuance
Co., of Shreveport, at a net inter¬
est cost of 2.94%, as reported in
as
/
loan
First
Co., of Des Moines,
13/4S, at a price of
a basis of 1.585%'.
Dated
March
1, 1948. Due serially on
Nov. 1, from 1949 to 1958, incl.
Principal and interest (M-N) pay¬
able at the City Treasurer's office.
The next highest bidder was Halsey, Stuart & Co., for 1.70s, at a
price of 100.39.
Bank & Trust
.
Attlehoro, Mass.
The $250,000 tercunotes
offered
ow
March 19 were purchased by the
First National Bank of Boston, art
0.827% discount. Dated March 22,
1948 and due Nov. 10, 1948.
The
next
highest bid of 0.83% was;
submitted by the First National!'
Sale
Note
porary
and interest
Amite, La.
school bonds to Barrow, Leary &
Moines
Iowa-Des
soMi
net inter¬
a
MASSACHUSETTS
214s,
due
on
to 1958 inclu*„
$288,000
from
sive; $180,000 23/4S, due on April
1
from
1959
to
1963
inclusive;
National
the
1304—
were
enter one or more
bids.
Principal and interest to be
LOUISIANA
payable at place in New York City
Acadia Parish, Crowley Sch. Dist. and
Bostbn, as designated by the
No. 2 (P. O. Crowley), La.
Board
of Trustees.
A
certified
Bond Sale—The $675,000 school
check for 1% of the bonds, pay¬
bonds offered March 23—v. 167, able to order of the
district, must
p. 892—were awarded to White,
accompany the bid. Legal opinion,
Hattier & Sanford, of New Or¬
of Ropes, Gray, Best, Coolidge &
leans, at a price of par, a net in¬ Rugg of Boston will be furnished
terest
cost
of about 2.787%, as the successful bidder.
to
Council
price of 100.40,
a
est cost of 3.748%.
of
Bond
of the
sale
bonds
a duly authorized is¬
$77,000, the authorized, but
unissued
bonds maturing $7,000
April 1, 1959 and 1960.
The Dis¬
trict reserves the right to issue
are
Dist.,
in 1951 to
recently to 'the Bank of Benton,
as 3s, at par.
or
Spencer County Levee Flood
>
Control and Drainage Dist.
No. 1 (P.O. Taylor sville), Ky.
Bond Offering—Myrtle E. Wat¬
son,
Secretary of the Board of
<
Sale Details
building
bonds. Due
on Dec. 1, as fol¬
$15,000 in 1950, $10,000
1960, $5,000 in 1961,
$15,000 in 1962 and 1963, $10,-
whole
in
of New Orleans.
Sch.
Consolidated
with
extension
sewer
lows:
Bonds Sold—An issue of $225,000 construction bonds was sold
sive.
part, in inverse numerical order at
any time at 103 and accrued in¬
3s,
IOWA
Cornell
follows:
library bonds.
Due on
Dec. 1, as follows: $15,000 in
1950, $20,000 in 1951 tb 1956,
$25,000 in 1957 to 1961, $20,000
in 1962, $25,000 in 1963, $20,000 in 1964, and $25,000 in
Co., of Louisville, the only bidder.
Dated March 1, 1948 and due on
March 1 fromil949 to 1960 inclu¬
1965 to 1967.
'
Township High Sch. Dist.
(P. O. Herrin), III.
201
receive
$400,000
the issuance of
street
improvement
bonds.
will
Manager,
bonds divided
pon
approve
$292,000
Herrin
an
W. A. Wolff,
—
000 not to exceed 3% interest cou¬
III.
Voted—At
Corp., Indianapolis, for
3s, at 101.096.
jointly,
101.013,
April 6 for the purchase of $960,-
Sav¬
and Hornblower &
Weeks, jointly, for 2s, at 101.039.
Bonds
purposes.
sealed bids until 8 pm.
igan; Corp.,
tion held
to
Offering
Village
ings Bank, Chicago; First of Mich¬
Fairfield,
1947
have been retired at the call
Bond
payable J-D. The next highest
was
for
revenue
the
$1,140,670 compared
with the engineers'
estimate ■ of
$499,000. Actual revenue exceeded
the estimate by 229%.
In 23 of
the 28 projects, original bond is¬
Dated
1947. Due serially on Dec.
3, friom 1949 to 1965, incl. Inter¬
Liader
of
Wilmette, 111.
Dec. 1,
est
record
price for refunding
Trust
cost
gross
amounted
sues
Mercantile-Commerce Bank
Co., of St. Louis, and
Julien Collins & Co., of Chicago,
as 2s, at a price of
101.184, a net
cago;
interest
actual
the
to
were
Securities
,
nection, the firm calls particular
attention
bonds of¬
purchased
by Raffensperger, Hughes & Co.,
cf Indianapolis, as 3s, at a price
of 101.314, a basis of 2.862%. The
next highest bidder was the City
on
or
for $20,000, payable to the Town¬
ship School Treasurer.
'
7
Jan.
$115,000 water
1947
"The
facility, for the
1939 through 1947, and also
shows
of
revenue
engi¬
earnings record
of the facility during the same
period.
Actual gross income for
supplied by the successful bidder,; 1947, the bond house states, ex¬
and all bids must be so condi¬ ceeded the
engineers' estimate for
tioned.
Enclose a certified check 23 of the 28 facilities. In this con¬
nois
Bonds Sold—The
works
fered
construction of the
approving opinion of Chapman &
Cutler of Chicago and said opin¬
ion- is to be paid for by the Dis¬
trict.; The printed
bonds to be
Bond
Jasper, Ind.
i
for
55
awarded to the Bankers Bond
were
and
issue—v. 167, p.
learn that the bonds
we
Louisville,' and will
Indianapolis School City, Ind.:
Bond Sale—The $155,000 school
either
structed
March 22
KENTUCKY
Somerset, Ky.
Bond Sale
The $65,000 3%
school building revenue bonds of¬
fered March 22—v. 167, p. 1304—
Peter;
Village Treasurer.
terest (A-O) payable at the Board
respective issues shall be an even
Revenues of Municipal Toll Pro j of School Commissioners. The next
multiple of 14 of 1% and no bid ects Analyzed—A tabulation show¬
highest bidder was the Mercan¬
will be considered for less than ing estimated and actual
earnings tile-Commerce Bank & Trust
Co.,
record of 28
par. In determining the best bid
municipally-owned St.
Louis, for l34s, at 100.031.
the interest cost to the District
bridge; and other
toll
revenue
will be computed by determining
the interest from April 1, 1948, to
(1411)
Feb. 1, 1948. Denomina¬
$1,000. Principal and interest
payable at the Northern Trust Co.,
Chicago. Registered as to princi¬
pal only.
The
bonds
will be
Commissioners, will receive sealed
a warded to the responsible bidder
bids until 10 a.m. (CST) on March
on the basis of the lowest interest
20 for the purchase of $63,000 4%
cost to the Village.
No bid will
tion
—
issue of $31,500 judgment
funding bonds has been approved
as
and
bonds. Due Dec. 1, as follows:
Trauer-
—An
in¬
1966,
$10,000 in 1967.
■
water main
v
on
to Legality
as
to
175,000
!
Feb. 24 have been approved as to
legality by Charles
nicht, of St. Louis.
1, as follows: $5,-
1949
The bonds will be delivered with
III,,
issue of $250,revenue
bonds
was
respective issues, and
the interest rate for
the
CHRONICLE
—
be
sewer
;
the* basis of
one
of
$1,000,
district,
purchased recently by Sills, Minton & Co. of Chicago.
to the re¬
than
,
dis¬
Bonds Sold—An
the lowest interest cost to the Dis¬
trict
to
bonds and the
sponsible bidder on
the
A certified check for
Lewistown,
dated April
awarded
of
is required.
be mutually agreed upon be¬
tween *;.• the
purchaser
and
the
School District./ Registered as to
principal only.
Bids must be for
or
and
obligations
payable
may
all
to prin¬
as
will
tax
;
trict.
at such bank or trust
in the State of Illinois as
company
the
Purchaser to pay for
printing thereof.
bonds
ited
tion; $1^000.
payable
at
furnish
the
legal
opinion of Chapman & Cutler of
Chicago.
The bonds are unlim¬
Interest J-D. Denomina¬
Principal and interest
I,: 1948;
Principal and
payable
registerable
are
District
-^X^
are
(M-N)
cipal only.
•
-
Com¬
sealed
First National Bank of Joliet. The
in
■■v
1962, $46,000 in 1963 to 1966,
and $51,000 in 1967.
225,000 Harper School addition
■7; ;'/
bonds, -b Due Dec. 1, as fol¬
lows: $11,000 in 1949 to 1951,
and $12,000 in 1952 to 1967.
200,000 Highcrest School addi¬
tion bonds.
Due Dec. 1, as
follows: $8,000 in 1949, $9,000
in
1950 to
1957, $11,000 in
1958- to 1962, and $13,000 in
-
inclusive.
1960
interest
$49,000
1961,
of
receive
noon
(CST) on April 1
purchase of $90,000 3%
the
to
1952, $22,000 in 1953
and 1954, $27,000 in 1955, $26,000 in 1956 and 1957, $24,000
to
will
improvement bonds. Dated
May 1, 1948. Denomination $1,000.
Due $30,000 on May 1 from 1958
in
1958
III,
coupon
$9,000 in 1949, $28,000
in 1950, $43,000 in 1951,' $17,-
in
District,
bids until
for
lows:
000
000
receive
Offering—Jack P. Tabor,
missioners,
School building
Dec. 1, as fol¬
Central
Park
Secretary of the Board
follows:
bonds.
will
improvement bonds. V
Joliet
Secretary of the Board of Educa¬
tion, will receive sealed bids until
8 p.m. (CST) on April 6 for the
purchase of $1,025,000 not to ex¬
ceed 3% interest coupon bonds,
$600-,000
Clerk,
(CST) on
April 9 for the purchase of $500,-
Cook
as
Due on Dec.
-
.sealed bids until 10 a.m.
$60,000
street construction bonds.
divided
;
& FINANCIAL
100,000 police department bonds.
O.
Offering—Marie M. Mars-
County
den,
ap¬
COMMERCIAL
on
chase of
1953
follows: $4,000 from 1949 to
inclusive, and $3,000 from
1954
to
1,
as
1963
inclusive. Bidder to
56
;
FINANCIAL: CHRONICLE
&
THE COMMERCIAL
(1412)
u'
O '.
I""*""Mouttt Clemens; Mich. '
«,
Bonds. Approved
The State
Worcester), Mass.
V4 of /
i
Note Offering—Sealed bids will Municipal
Finance
Commission
(A-O)
payable at the National Shawmut be received by the County. Com¬ approved, on March 10 an issue of
water' supply revenue
Bank
of
Boston.
Legality ap¬ missioners until 2 p.m. (EST) on $400,000
proved
by
Storey,
Thorndike, March 30 for the purchase at dis¬ bonds.
count of $450,000 notes, divided as
Palmer & Dodge of Boston.
Owosso, Mich.
follows:
Bonds Approved — An issue of
Holyoke, Mass.
$75,000 Tuberculosis Hospital $94,000 curb and gutter construc¬
Note Sale—The $500,000 tempo¬
maintenance
renewal notes. tion
bonds
was
approved
on
Denominations
rary loan notes offered on March
$50,000
and March 15 by the City Commission.
23—v.
167, p.
1304—were pur¬
$25,000.
,
,
MINNESOTA
chased
by the> Second National
375,000
Tuberculosis
Hospital
Bank of Boston, at 0.883% dis¬
maintenance notes.
Denomi¬ Carlton
County, Cloquet Sch. Dist.
count., Dated March 24, 1948. Due
nations $100,000, $50,000 and
(P. O. Cloquet), Minn.
Nov. 24, 1948. Payable at the Na¬
$25,000.
Bond Offering—Sealed bids will
tional Shawmut Bank of Boston.
All of the notes will be dated
be received by the Superintendent
The second high bid of 0.897%
April 7, 1948.
Due April 6, 1949. of Board of Education until Apr: 8
was
submitted
by the National
tor the purchase of $150,000 con¬
Payable at the Worcester County
Shawmut Bank of Boston.
Trust Co., Worcester; at the Na¬ struction
bonds.
These are the
tional Shawmut Bank of Boston,, bonds authorized at the election
Hull, Mass.
or
at the Chase National Bank, held on March 1.
Bond Offering — Clarence V.
New
York
City.
Legality ap¬
Foley, Minn.
Nickerson, Town Tresaurer, will
proved
by Ropes,
Gray, Best,
Bond Sale Details—In connec¬
receive sealed bids until 11 a.m.
Coolidge & Rugg of Boston.
tion with the sale of the $60,000
(EST) on March 30 for the pur¬
single
a
expressed in
rate
Worcester County (P".
interest",
of
multiple of
a
[ 50,000 road and bridge bonds.
■
chase
$585,000 coupon school
bonds.
Dated April 1, 1948. De¬
nomination $1,000. Due April 1, as
of
follows:
Adrian, Mich.
Bonds Not Voted — At an elec¬
from
1949 to
1967 inclusive and $15,000 in 1968.
Bidder to name a single rate of
interest, expressed in a multiple
of
of 1%.
Principal and in¬
$30,000
terest. (A-O)
disposal system
sewage
bonds.
revenue
Detroit, Mich.
Offering—John N. Daley,
Note
receive
will
Comptroller,
City
(EST) on
of $2,-
sealed bids until 10 a.m.
Boston.
March 31 for the purchase
J.
Offering—Daniel
revenue
rotes.
Dated April 1, 1948* De¬
nominations of not less than $1,-
Mc-
Ardle; City Treasuer, will receive
sealed: bids until 11 a.m.
(CST)
on March 30 for the purchase of
$400,000
coupon
,
bonds; divided as follows:
$200,000 street and sidewalk pav¬
ing bonds.
Due $40,000 on
April 1 from 1949 to 1953 in¬
clusive.
Due
000;
$200,000 Oct. 1, 1948, and
| April and Oct. 1, 1949 to April 1,
registered
or
railway
street
C-00,000
Lynn, Mass.
Bond
.-VVbonds. Due $10,000
200,000 sewer
on April 1 from 1949 to 1968
inclusive.
Proposals are to be for the
1953,
purchase on an all-or-none basis
at not less than par; and all of
the
shall stipulate the
proposals
rate
lowest
of
interest
prospective purchaser
thereon. The average
the
which
rates
or
will require
cost of the total issue
net interest
shall not be in
Notes
annum.
of 2%
excess
will
per
in
issued
be
1, 1948.
rate of interest
holder
pressed in
amount without cost to the
purchaser.,. The- city reserves the
right to redeem the notes in in¬
verse
numerical order,
on
any
dated April
are
Bidder to name a single
on each issue, ex¬
a multiple of
of 1%.
Principal and interest (A-O) pay¬
able
at
the
National
First
Bank
of
Boston, or at holder's option,
at the City Treasurer's office. Le¬
gality approved by Storey, Thorn¬
dike, Palmer & Dodge of Boston.
may
Hate,
at par.
upon
loan,
water
bonds offered
on.
March 23—v. 167, p.
1306—
were purchased
by Robert Haw¬
act
of
1947
kins & Co., of Boston, as 2Y4S, at
price of 101.29, a basis of 2.15%.
Dated April 1, 1948. Due on April
a
publication of a notice
and
the
in
circulation
of gen¬
City of
000
redemption.
The no.tes
;vill be approved as to legality by
fied
for
Miller, Canfield, Paddock & Stone,
of Detroit, without expense to the
successful bidder. The notes will
be awarded to the bidder whose
bid
produces the lowest interest
to the Department of Street
1, from 1951, to 1977, incl. Princi¬
pal and interest (A-O) payable at
cost
the Second National Bank of Bos¬
ing
The next highest bidder was
Hornblower & Weeks, and Coffin
the interest to be
&
notes will be delivered in Detroit,
ton.
Burr, jointly, for 21/4S, at 101.07.
Quincy, Mass,.
Bond
Offering—JohnR.Shaughnessy, City Treasurer, will receive
sealed bids until 11 a.m., (EST)
on
April 1 for the-purchase of
$500,000 coupon bonds, divided as
follows:
$350,000 street construction bonds.
Railways of the city after deduct¬
the- premium offered, if any,
computed from
April
1,
April 1, 1948. Denomir
Due $35,000 on
April L from 1949 to 1958 in¬
clusive.
bonds. Due $10,000
April 1 from 1949 to 1963
150,000
on
sewer
inclusive.
All of the bonds
are
dated April
Denomination
$1-,0Q0.
Bidder to name'a single rate of
interest, expressed in a multiple' of
Va of 1%.
Principal and interest
1948.
1,
(A-O)
•.
payable
Shawmut
Bank
National
at
the
of
Boston.
Le¬
gality to be approved by Storey,
Thorndike,
Boston.
Palmer
&
Dodge
of
in
made
Federal
to
funds in Detroit.
certified check for 2%
Weymouth, Mass.
Ironwood,
Note
of the par
Offering
—
Mich.
Leo
Adrian-
April
5%
$1,000.
Due
1§50 to
from
certificates
executed
ceive
(CST)
interest
(A-O)
suitable
bank
designated
certified check for
able
trust
or
by the
to the
Sale—An
bonds
interest
bonds
of their number;
ders
ignated:, in: their bids;, provided
however, that all of the bonds o.;
the same maturity shall bear in¬
terest at the
same • rate,
whicl
shall be an even multiple of Vs. o:
:-
Minne¬
of
•
3 %.
•
able
,
.
Bond
Principal and interest pay¬
a placei. to be designated
been sold locally as
have
Bond
Offering
—
Theodore
F.
Neils, District Clerk, will receive
sealed bids until noon (CST): on
March
the
for
31
purchase
multiples of
and
must
l/10th
the
be
same
for all
to exceed 4% interest notes. Dated
All
less
than
par
on
*
...
*
-v,,
$6,000 school r
March .'10—v: f
purchased; by *
NEBRASKA
Miss.
Bonds Approved
to
as
Commis-
;
and
A-v
;
Election—At
an
V
.
;
>
election
t
.
April 6 the voters ;
consider
the
issuance- of
held
be
on
$118,000 3y4%- gymnasium bondst
Gibbon
School
District,
NeBu.
-
*
Bond Election—At an election
to be held on April 6 the voters
v>:
George County, Supervisors
No.,1
-
will
•
s
:
Bond
legality by Charles & Trauer-
Districts
fy
County Sch; Dist.
No. 20, Neb;,
'
Fillmore
to
to Legality
nicht of St. Louis.
will consider the issuance of $35,-
4
.000 construction bonds.
,
<
(P. O. Lucedale),
Miss.
; Bonds Approved
trial bonds has
to
of
as
to Legality
2%%, indus¬
bonds
been approved as
/--J
.yyv..' .'-'f-;." \
Bonds
Not
did
offered
f
*
on
22—v.
March
on
,
,
both
elec¬
March 16 the-voters
works
revenue
■" '■ .; '
v
$400,008:4 water
bonds.
No bids for
will be considered.
be unconditional.
$150,000 port and terminal, serie?
1948, bonds.
Due April
1,
:
.1952.
MISSOURI
;
'
•
.V.
;
•
650,000: park, series 1948 bonds!
April 1, 1948.. Denomination and; The bonds will be awarded to. the j.'.; V
Carthage-, M'o.
f ': Due April 1, 1952.
'•
v'
form of note to be at the pur¬
fe n Bonds
Approved—An issue of Jt 880,000 arterial highway,' series
bidder who offers the lowest net
chaser's option.
a '
1948 bonds. Due April 1, 1953.
interest cost.
Bids will, be come- $30*000' water revenue bonds has
been approved by the City Cbuncil.
50,000 grade crossing, series 1948
pared by computing total interest
Midland-, Mich.
i,
bonds.
Due April 1, 1953;,
at rate specified from date of isr
Bond Offering—The Director of
A."/' MONTANA: .•
sue to maturity, less premium of¬
1,185,000
sewer,- ^ series
1948
Finance will receive sealed bids
Dawson County High Sch. Dist.: ■ ,v
fered. These bonds were author¬
bonds.
Due April 1, 1954.
until 8 p.m. (EST) on April 7 for
ized
atf the
election
held on:
Callable on or after five years
No,. 2 (P., O; Richey), Mont.
the purchase of $22,000 not to ex¬
from date of issue.
March 16,1948. Enclose a certified
Bond Offering—Eva L. Miller,
ceed 3 %7 interest coupon special
bids
[
1201—a
p.
ton & Co. and R. S. Dickson,
an
t
Of tjhe $3,015,008
—
[of New York, purchased $2,915,000 as 1.30s, at 100.083, a basis of
not;:approve the issuance of
1.285%, as follows:
' v
-
tion held
without
•
Miss.
Voted—At
Sale
syndicate composed of Goldman-Sachs & Co.,
Harris* Hall & Co., both of New
York,
Schoellkopf,
Hutton
&
Pomeroy, of Buffalo, W. E. Hut167,
legality by Charles & TrauerDated March
Hazelhurst,
Bond
;
nicht, of St. Louis.
l, 1948.
Omaha, Neb.
.
—An issue of $50,000
Barker, Scott & Barber, of Minne¬
apolis, as well as. the, printed
cost to the purchaser.
:
Enclose
$100,0003Va% indus¬
trial bonds has been approved as
at any suitable bank or
the successful bid¬
der may designate: The approving
legal opinion of Dorsey, Colman,
furnished
?
March
Principal and interest
1948.
10,
—An issue of
payable
be
f
m-s.
;
Eupora,
trust company
will
Sale—The
offered
p.;893—were
167,
0
Principal and interest
the bonds.
The
1093.
the State Board of Land
able to the city.
*4 of 1%,
or
p.
sioners, as 3s* at par. Dated
certified check for $13,000, pay¬
of
$475,000 building
bonds.
Dated
April 1, 1948. Denomination $1,000. Due April 1, as follows: $50,r
000 in 1950 to 1958, and $25,000 in
1959.
Rate of interest to be in
167,
t(Pl O. Westby), Mont,
Bond
bonds
Delivery will be made on
l^s, at
District;.
I
interest bonds offered '•«
*•
•-■
;
St. Cloud Indep. School
Minn.
;
f
County ' Sch. ?Dist. No. 3 :«
Sheridan
place
be designated by the, purchaser
to
'
par.
1948.
for
before May 29, 1948, at a
and without cost to him.
a
pital bonds authorized at the gen¬
eral election held on Nov. 4, 1947,
check
optional at the district's pleasure*
Bonds are dated V
April 1, 1948. A A':
;
/.
,'»»0
at
bonds.
V
Prague, Minn.
Sale—The $175,000- hos¬
March:-13,
on
certified1
a
'
the bonds are
the purchaser, subject to the
approval of the Mayor and City
Council., The city will furnish the
or
New
held
*
pur-
These
at
the
offering consisted of:; $37,000 Dis-!
trict No. 110 bonds; $20,000 District No. 119 bonds, and $13,000
District No: 118 bonds.
Each, issue
is to mature on Jan. 1 from
1950 to 1959 inclusive and any of
by
Co.
,
sold
will
they
at par.
authorized
22—v.
March
are
legal opinion of Charles & Trauer2V2S, at a price nicht, of St. Louis, and will pay
high bid* of fof ,the printing of the bonds anc
100.17 for 2.60s was made by the, the. .cost of the validation of the
apolis.
be
bonds
exceed 6%
as
Allison-Williams
wil
their par value
$5,950, payable to the above clerk.
Second
100.18.
of
'
interest, and all bid¬
were
Enclose
March 25 to J. M. Dain & Co., of
Minneapolis,
bonds
than
which
at
election
$1,000.
company
[issue of $30,000
was
awarded
The
less
the
chase
and accrued interest. Bid
requested to designate ir
at. par
Minn.
Bond
and the
ders must state the lowest rate of
p.m
Dated
inverse number
County Indep. Sch. Dist.
40 (P. O. Roy alt on),
building
of $1,000
-
Morrison
No.
7:30
andd-t^eir'Price. they will paj
any J°r the bonds bearing interest a>
a rate or rates likewise to be des¬
"V
.
sold, they will be-
Glacier County, Cut Bank Sch. Dist.
$28,000.int.1954; $29,000 in 1955
$30,000 in, 1956; $31,000 in 1957;
(P. O. Cut Bank),. Mont;.
*
$32,000 in 1958; $33,000 in 1959Bond Election—At an election
$34,000 in.; 1960; $35,000 in 1961; to be held on April! 3: the voters
$36,000 in 1962; $37,000 in 1963 will consider the issuance of $325,$38,000 in 1964; $39,000 in "1965
000 construction bonds.
/
and $40,000 in 1966 to 1968. Bonds
Miles City Special Improvement "
maturing in 1963 to 1968, are call
able for payment and redemption,
District, Mont. .
'
on
April 1, 1958, or any interes
c
Bonds Not Sold—No bids were
payment date thereafter, in: the submitted for the $70,000 not ta
purchaser.
A
5 % of bid, pay¬
■;<"/.
until
not
with accrued
April 1, 1948. De¬
Due- April 1
as follows: $25,000 in 1949 to 1951
$26,000 in 1952; $27,000 in' 1953;
City Treasurer, is re¬
quired. '•/-
and
amount
issue.
for
Lewis
W.
April 14 for the pur¬
$650,000 water workt:
nomination
proving opinion will be furnished
Principal
payable at
on
'of
bonds.
The
by the purchaser.
bids
sealed
chase
the ap¬
and
Offerings—T.
Jr., Secretary-Treasurer, will re¬
interest
inclusive.
of
Columbus, Miss-.,
Bond'
Denomination
$10,000 on April 1,
1954
the
$5,000 in 1953; $6,000 ir,, bonds, will be redeemable im full
1954, and $12,000 from 1955 te on any interest payment date from
1962, all incl. Int. payable A-O.
and after 10 years, from the date
1948.
1,
bonds
.
exceed
in
from,
years
If serial bonds
follows:
Clerk,
to
issued
are
connec¬
period of 20
a
date of issue.
sum
of $5,000 of the said serial
refunding bonds to the First Na¬ bonds will become due and pay¬
tional Bank, of Memphis, and the able on June
15* 1949, and the.
Coahoma County Bank & Trust sum of
$6,000 will become due andCo.,
of Clarksdale,
jointly, as payable* on the same day each:
2.40s, as reported in our March 15 year - thereafter until all of such'
issue—v. 167, p. 1201—we learn
bonds
are
.paid.
The
bonds,
the bonds, mature on April i, as
whether- amortization
or
serial
certificates of indebtedness. Dated
City Clerk, will receive sealed
bids until 4 p.m. (CST) on March
30 for the purchase of $50,000. not
en,
must
.
u,
"
-
AA/A
.
«
'
.
■
assessment
bonds.
Dated
Oct.
Denomination $1,000.,
1,
checl^ for $9,500, payable to the
District Treasurer.
Due
Oct. 1, as follows: $4,000 from 1948.
to 1950 inclusive^ and $5,000 in
MISSISSIPPI
terest
Claiborne, County
Principal and in¬
(A-O) payable at the City
Treasurer's
office.
A
certified
Port
Bond
(P. O.
Gibson), Miss.
Offering—J. Mack Jones,
check
for $500 is required.
Clerk,, will
receive
Le¬ Chancery
gality to be approved by Miller,. sealed bids until April 6 for the
Canfield, Paddock
& Stone:, of purchase of. $101,000 bonds, di¬
Detroit.
District Clerk, will receive sealed f Dated April 1, 1948. - Principal
bids until 2 p.m. (MST) on April and interest (A-O) payable at the
19
not
and 1952.
1951
chased
a
city. ).
tax
anticipation notes was pur¬
by the Second National
Bank,, of Boston, at 0.80% dis¬
count, plus a premium of $7. The
notes are due Nov. 3, 1948.
The
next highest bidder was the First
National Bank, Boston, at 0.829%.
Re¬
Enclose
value of the notes, payable to the
-
Note Sale—An issue of $500,000
The
New York, N. Y., upon
amount named in pro¬
accrued
interest - on
date of delivery. Pay¬
serve
1947.
t.
be
maturity.
to
ment
Dated
nation $1,000.
1948,
Chicago, or
payment of
posal
and
principal to
not
elec¬
during
Details—In
both
semi-annual; installments
in
able
Clarksdale, Miss.
Paul A.
—
an
determine
of 'sale,
time
principal and interest to be pay-,
March 2.
Bond; Sale
will receive
sealed bids until 8 p.m. (CST) on
April 5 for the purchase of $50,-
New York, N» Y., *at
days prior to date speci¬
Offering
City
Cook,
authorized at
the
at
tion, with the sale of the $107,000
Interest payable F-A.
Certificate
were
on
"
1 ' "
.
single bond or di¬
Board of Trustees may
iqpon
the
apolis, as reported in our March
15 issue—v. 167, p. 1200—we learn
that the bonds were sold as 2.40$,
in
re-registered
to redeem in a newspaper
eral
least 15
Sale—The $135,000
be
any
Detroit
Norwell, Mass..
Bond
tion
disposal plant, bonds to
Kalman & Co., of St Paul, and the
Allison-Williams Co., of Minne¬
registered form as to principal and
interest and at the option of the
All of the bonds
'bonds
■".■■■
.
vided into several bonds, as the
dated
be
Due serially in 25
years; optional after 5 years. The
Moorhead, Minn.
of Boston.
Bank
March 10 the voters
the issuance of
approve
$600,000
Legality to be approved by Storey,
Thorndike, Palmer & Dodge of
/
not
payable at the Na¬
Shawmut
tional
tion held on
did
will
bonds
April 1, 1948.
sewage
MICHIGAN
of the
All
1%. Principal and interest
g
'„u
pub into;' one
$51,000 hospital bonds:
'
name
1948
Monday, March 29,
.
vided
as
follows:
for
to
the
struction
of $119,000. ^County Treasurer's office.interest con¬ i. The $100:000 street improver
purchase
exceed
6%
bonds.-
Dated
June
15,
ments, series 1948 bonds were
The next highest bid
no|t
of
submitted,
serial bonds will be the second: by Glore, Forgan. & Co., Union
choice of the District Board. II Securities Corp., New York; Caliamortization bonds are sold and !fornia Bank, Los Angeles, and Esissued, the' entire issue may be tabrook & Co., jointly.
Amortization sold.
first choice and, 100.03,
1948, interest J-D.
bonds will be the
for
1.30s,
was
y
■
•
i
(1413)
/'
'•
Bond
to
Ord, Neb*
-J
Election—At
be hSld
selection
Will consider the issuance of
$48;City auditorium construction
500
bonds.
'
;
v: '
to
be
Election—At
held
fire
Saffin & 'Co., -and Mac-.
Bride, Miller & Co., jointly, for
awarded* to
station-.and
Hall
held
West Point, Neb.
.
(
Bond
Election —At
election to be held
will
voters
©t
on
consider
special
April 6 the
a
to
National
nt 0.874%
1.948.
Due Dec.
highest bidder was
the Second National Bank, Boston,
bt
0.875%.
,J
Hackensack, N. J.
Bond
bids
Bond
until
8
1948.
1949 to
p.m
and
15,
at
follows: $20,000 from 1949
to 1953, and $9,000 from 1954 to
-1956, all inclusive. Principal and
(A-O).^ payable
at
the
People's
Trust
Co.,
of
Bergen
County, Hackensack. * Rate of inr
terest to be in multiples of 1/20
pf 1%, and must be the same for
all of the bonds./ The purchase
price specified in the proposal
must not be less than $127,000 nor
than
more
must
date
bonds
of
livef y.
Co.,
to
the
date
de-
of
that
>
the
bonds
are
and
legally binding obliga¬
tions
of the
City.
A certified
check for $2,540, payable to the
&
Traders
The
Co.,
next
jointly,
;
of
the
j
Sale—The
the*
equipment
bonds
offered
March
23—v. 167, p. 1201—were awarded
Saffin & Co. of New
York,
as
1.70s, ' at a
price of
100.116, a basis of about 1.66%.
Dated April 1, 1948 and due on
April from 1949 to 1953 inclusive.
to
Boland,
.
^
Seaside
No.
(EST)
on
of
(P.
2
bids
not
to
ing
bonds.
Dated
clusive.
not
"000
coupon
vided
to
$40,000
6%
registered
or
as
exceed
bonds,
k
,
water
check
order
<
.
for
$800,
the
of
A certified
payable
borough, is
to
re-
V quired.
electric
30,000
from
1
bonds
of
April 1
inclusive.
on
1963
check
All
of
the
bonds
are
.
dated
April 1, 1948. Denomination $1000.
•Bidder to name a single rate of
interest, expressed in a multiple of
or
1/10 of 1%. Principal and
interest
(A-O)
payable at the
First National Bank, Toms River.
Legality to be approved by Cald5well, Marshall, Trimble & Mitjchell of New York City.
V''
the
New
Seaside Park, N.J.
Bond Sale—The $300,000
r
-of
1948
119—v.
bonds
167,
p.;,
offered
on
March
1093—were
pur¬
.pel, Inc., of Newark, jointly, tak*
,ing $299,000 as 2.90s, at 100.399, i
.basis of -2.864%.. Dated March 1
Due
serially
on
interest,
March
1
Chase
5%
a
in
National
Bank
all
on
of
its
ad
tax¬
A certified check
for
$1,100, payable to order of the
district, is required. Legal opin¬
.
ion of Reed, Hoyt & Washburn of
New York City will be furnished
the successful bidder.
No.
1
(P. O. Falconer), N. Y.
Bond Offering—Carrie N. Wil-
lett, Town Supervisor, will receive
sealed bids until 4:30 p.m. (EST)
on March
31 for the purchase of
$1,000 not to exceed 5% interest
coupon
or
registered construction
bonds.-
Dated April 1, 1948 and
$100 op April 1 from 1949 to
due
1958
inclusive.
-
Chase
Offering
Village
receive
—
Y.
William
J.
bids until
10
Bank
York:
of
$7,730,000.
.
'
Guaranty
Trust
Company of
New York: $6,380,000. J
Bankers Trust Company: $3,420,000.
>
•
.
Manufacturers
$3,250,000.
Trust
Company:
j
;
Central Hanover Bank & Trust
Co.: $3,100,000.
Chemical Bank & Trust Co.: $2,-
V
450,000.
;
,
National
Bank
of
The
City of New York: $2,100,000.
Irving Trust Co.: $2,100,000.
Bank
of
The
Manhattan
Co.:
$2,000,000.
j. P. Morgan & Co., Inc.: $1,500,C00.
r.-.c-; /V|"."
The
New
450,000.
-
.
York
Trust
Co.:
$1,-
;
Corn Exchange Bank Trust Co.:
$1,250,000.
Public
$700,000.
National
Trust Co.: $700,000.
The Marine Midland
Bank
and
Co.
of New York: $500,000.
Commercial National Bank and
registered bonds.
Dated April
1, 1948.-Denomination $1,000. Due
York: $300,000. '
Continental Bank and Trust Co.:
$10,000
$250,000.
on
April 1, from 1949 to
1953 inclusive.
terest
(A-O)
County•,Trust
Principal and in¬
payable
at
the
Co., Hastings-on-
Bros.
&
Hutzler
Water
Distributing
$8,000 from
York, at
$1,000,000
to
Dis¬
1954
to
1958
in¬
clusive.
10,000"* Water
of
Distributing
Dis¬
Oct.
on
June 1 from 1949 to
1953 inclusive.
the
at
First
Mount
National
Vernon,
16, 1948.
Pelham.
Each
Bank
Pelham
bid
Avenue
$200,000.
Bank
of
New
dated Dec.
$1,000.
single rate of
a
a
multiple of
or
State Bank of Kenmore.
A cer¬
tified check for $4,500, payable to
order of the
town, is required.
Legality to be approved by Vandewater, Sykes & Heckler of New
City.
York
The
•
bonds
general
are
obliga¬
tions of the town, payable in the
first instance from a levy upon
the
respective properties therein
benefited
by the proposed im¬
provements, but if not paid from
such source, then all of the town's
a
taxable
to
property
the
will
be
subject
levy of unlimited ad
lorem taxes to
va¬
cover
payments of
principal and interest.
both
ing to purchase the bonds at the
iowest rate of interest, stated in a
multiple of y4 or l/10th of 1%,
World
Trade
Enlarged
Corporation, N. Y.
Powers
Proposed—A
premium,
provided, however, that if two or
n ore
bidders offer to purchase
bill
the bonds at the
same
lowest rate
•of
such
award
ing its powers with respect to de¬
velopment/of transportation and
reference
interest
then
to
be made to the bidder
highest premium.
be
delivered
at
of
the
the
of
ation
option
successful
the
bidder
property
entertainment
offering,the
office
real
by
con¬
demnation and generally increas¬
will
at the
or
authorizing the corporation to
acquire
The bonds will
the
successful bidder
by
of
debt
the
awaits
State
'•
and
cre¬
approved
legislature
and
Governor
ture.
at
facilities
has been
Dewey's
signa¬
>y.
the office of Hawkins, Delafield &
NORTH CAROLINA
Wood, of New York City, on or
April 20, 1948. The bonds
Aberdeen, N. C.
will be valid and legally binding
Bond Sale—The $170,000 water
general obligations of the village. and sewer bonds offered March
The approving opinion of Haw¬
23—v. 167, p. 1306—were awarded
kins, Delafield & Wood, of New to a group composed of R. S.
York City, will be furnished the
Dickson
&
Co.,
of
Charlotte,
purchaser without cost. A
certi-j yance Securities Corp., of Greens¬
fied check for 2% of the amount
boro, and J. Lee Peeler & Co. of
of bonds bid for, payable to the
Durham, at par, a net interest
village, is required.
cost of about 3.791%, as follows:
Rotterdam Water District No. 1
$30,000 3V4s, due on April 1 from
1951
to
1960 inclusive;
$110,000
(P. O. Vinewood Avenue,
3%s, due on April 1 from 1961 to
Schenectady), N. Y.
1982 inclusive, and $30,000 4s, due
Bond Offering—W. L. Alheim,
on April 1 from
1983 to 1988 inTown
Supervisor,
will
receive
A11
.
,
•.
about
'
,
sealed
on
8
the
for
.
,
_
(EST)!l
bids until 3:30 p.m.
April
purchase of
$150,000 not to exceed 5% interest
coupon or registered water system
Dated March 15, 1948. Denomination $1,000.
Due March 15,
J ?Lo
as
follows:
1953
1954
$6,000
inclusive
to
1968
from
and
$8,000
inclusive.
0°°
nnn
4q
waZ
and $100J)00 4s was
??' Heusch & Co., and
3/2S
single rate of interest,
expressed in a multiple of V4 or
a
of
1%.
Kalman & Co-> jointly,
Charlotte, N. C.
from
Bidder to
Second high
^ qJ?1 li Iron
to
1949
ci,nnd Ydlh
dated April 1, 1948.
bonds.
Bonds
List
Off
Connecticut
Department
date
of
Legals
Connecticut Banking
The
—
announced
March-*24
that
under
bonds
of
Principal
and in¬ Charlotte had been removed from
terest (M-S) payable at the Sche¬ the State's
legal investment list
nectady Trust Co., Schenectady/ due to the fact that the city's debt
The bonds are general obligations exceeds the limitation set forth in
of
the
town, payable in the first
a levy upon prop¬
erty in the water district, but if
not paid from such source, then
the regulations.
instance from
all of the town's taxable property
will be
subject to the levy of
limited ad valorem taxes to
principal
interest
and
A
certified
un¬
cover
require¬
check
for
$3,000, payable to order of the
town, is required. Legality to be
approved by Vandewater, Sykes
Heckler
of
\Tonawanda
New
(P.
New
York
City.
O. Kenmore),
York
Bond
kets
Empire Trust Co.: $200,000.
Fifth
York:
name
,
with the terms of sale and offer¬
&
United States Trust Co. of New
are
Denomination
to
1/10 of 1%.
Principal and
interest
(J-D)
payable
at
the
single rate of interest. Unless all
bids are rejected the award will
be made to the bidder complying
Brooklyn Trust Co.: $400,000.
/
y4
of
state
1947.
interest, expressed in
Branch,
must
on
All of the bonds
(EST)
April 6 for the purchase of
$17,000 not to exceed 4% interest
land) acquisition-1948 coupon or
registered bonds. Dated April 1,
1948.
Denomination $1,000. Due
July 1, as follows: $2,000 in 1948,
and $3,000 in 1949 to 1953. Prin¬
cipal and interest (J-J) payable
ments.
Trust
Trust Co.; $450,000.
or
New
at par;
1949
trict No. 5 bonds of 1947. Due
June 1, as follows: $7,000 from
1949
to
1953
inclusive, and
scaled bids until 3:30 p.m.
1/10
(EST) on March 31 for the
purchase of $50,000 not to exceed
5% interest -improvement coupon
a.m.
Co.,
$4,000 in
from
$2,000 from 1953 to 1957
75,000
on
name
Bank of New York:
Clerk-Treasurer,
sealed
National
The City of New York, $9,120,000.
The National City Bank of New
•-
Hastings-on-Hudson, N.
1947-1948, to a
City banks.
York
financing. The Notes are
24,-1948, and the
is payable on May 5,
The
:
The
Bond
New
March
First
Ellicott, West Ellicott Sewer Dist
$50,000,000
Anticipation Notes
1948. The allotment follows:
a
of
issue of
an
principal
single
expressed
of
dated
in¬
1959
&
Salomon
without
Y.
—
City Comptroller
Joseph has made an al¬
iy8%i Tax
porary
-
property.
for, pay¬
District, is required.
The money is to be used for tem¬
1, 1948.
Due $5,000
to
&
purchaser without
the fiscal year
group
in¬
City.
The bonds are
obligations of the dis¬
valorem taxes
able
will
sewer
chased by B. J. Van Ingen & Co.
of New York, and Julius A.
Rip-
1948.
of
trict, payable from unlimited
Neely,
;
of
York
general
for
$600,
payable to order of the borough, is required.
v
j
$2,000
to
1949
certified
A
*
system
Due
1948.
,
,
j
.
$2,000 from 1959
to 1963 inclusive.
/
re¬
multiple of !/4 or 1/10 of 1%. Prin¬
di¬ cipal and interest (MTN) payable
at
follows:
elusive and
of
the
lotment of
p.m.
2
name
of¬
Notes Sold
interest
system bonds of
1948.
Due April 1, as follows:
$3,000 from 1949 to 1958 in-
;
rate,
Bidder to
the
at
Delaf ield
A certified check for 2% of
Lazarus
W.
May
sealed bids until 8 p.m.
(EST) on
April 7 for the purchase of $70,-
bidder
New York, N.Y.
terest coupon or registered build¬
Denomination $1,000.
on
Nov. 1 from 1949
suc¬
at the option of
or
Hawkins,
<
O.
exceed
the
Note Sale—The $300,000 tax an¬
ticipation notes offered on March
22—v.
167, p. *1306—were pur¬
chased by the County Trust Co., of
White Plains, at 0.77%. The bonds
are
dated March 25,
1948, due
July 10, 1948. The second high bid
of 0.96% -was submited by
the
First National Bank, Boston.
April 1 for the purchase
$55,000
of
the amount of bonds bid
dated
until
Heights, N. J.
Bond Offering—Mary A. Tindall, Borough Clerk, will receive
*
of
able to the
:;v ;-y*
are
Plains), N. Y.
Offering — George
Cornell, District Clerk, will
1
office
bidder,
furnished
Dover
sealed
the
at
Wood, of New York City, on or
abcut May 4^1948. The approving
opinion of Hawkins, Delafield &
Wood, of New York City, will be
bonds,
Bond
ceive
a single rate
multiple of y4 or
a
successful
fice
cost.
Union Vale Union Free School
District
Principal
(M-N) payable at the
/10 of 1%. The*bonds will be de¬
Higginson Corp., and John Small
& Co., jointly. v'\V.
fire
Co., National City Bank,
Guaranty Trust Co., all of New
York; Bank of America National
Trust & Savings Association, of
San Francisco, and Brown Bros.
interest,
$5,000
inclusive.
& Trust
Harriman
follows:
as
inclusive; $6,000 in 1952
and
or
1958 inclusive.
livered
March 1, 1948. Second high bid of
100.399 for 1.70s was made
by Lee
'
$13,000
to
coupon
of interest in
plant bonds.
bonds
1951
and
apparatus
Each bid must state
Dover, Amenia, Washington and
Palmyra, N. J.
'
Bond
*
fire
First National Bank of Bellmore.
Trust
..
City, is required.
interest
1949
Due on-March 1 from 1949 to
All
1948;
as
$19,303,000 to a group
composed of the Chemical Bank
to
1
Bidder
Mamaroneck, N.
incinerator
awarded
bonds of 1947. Due
sewer
June
25—v.
1948 and mature
and interest
1 from 1949 to
1958 inclusive.
1306—were
1955
1,
inclusive.
178,000
March
to
1957.
35,000
se¬
Pelham, N. Y.
registered
Bond Offering—Rome A. Marbonds. Dated May 1, 1948. Denonv,
$1,000. Due $5,000 on May 1, from tire, Village Clerk, will receive
Cross, and
for 23/4s;
stadium
March
167, p.
follows:
offered
1953
mium; and $1,000,000 to the Cen¬
tral Hanover Bank & Trust Co.,
equipment
highest
>
from
New York, at 1.17%, plus $10. All
of the notes are dated April 16,
4%
'VV'VVVV'V"'--.'
1963
notes
$21,303,000
fol¬
as
Offering — Charles A.
District
Secretary,
cessful
public
on
ries
Sale—The
1,
1950; $15,000,
1952;
$9,000
inclusive;
$10,000 in 1956 and $4,000 in
j
New York City Housing Authority,
New York
Note
June
1949;' $12,000,
1951;
$14,000,
Trust Co.:'
$100,000.
Due
trict No. 4 bonds of 1947. Due
(EST) on March 30 for the
purchase of $50,000 not to exceed
1306—were awarded to Halsey,
& Co., Inc., New
York, as
1.60s, at a price of 100.146, a basis
of about 1.578%.
Sale consisted
Due
Village, is
p.m.
Stuart
$262,000
the
of 1947.
lows: $10,000 in 1948; $13,000,
$2,000
Witteman,
VV;
■
to
York: $100,000.
Title Guarantee and
will receive sealed bids until 2.30
sewer
p.
of:
purchaser with¬
$105,000 street improvement bonds
;
Company of Ne-wi
Trust
New York, at 1.18%, plus $3 pre¬
Bond
Corning, N. Y.
Bond Sale—The $440,000 coupon
bonds offered March 25—v.
167,
Reed, Hoyt & Washburn, of New
Valid
$71,700
Roosevelt &
was
100.38.
The successful bidder will
with the opinion of
City,
about
or
Hempstead, Betlmore Fire District
(P. O. Bellmore), N. Y.
5
1977 inclusive.
Tilney ,&
be furnished
York
The bonds
on
Fulton
1.18%
a
Buffalo.
$128,000. The purchaser
accrued "interest from
pay
at
Manufacturers
bidder
interest
payable
required.
Principal
interest (J-J) payable at the
provement coupon - or* registered
ponds. Dated April 16,1948. De¬
nomination $1,000.
Due on April
as
be
A certified check for
$1,000
price of 100.38, a
of .2.665%.v Dated Jan.
1,
Due serially on Jan. 1 from
basis
sealed
(EST) on April
5 for the purchase of $127,000 not
to exceed 6% interest general im¬
offering
YORK
Sale—The
2.70s,
as
receive
will
delivered
out charge.
$300,-
series B of 1948 bonds offered on
March
19—v.
167, p. 201—were
Offering—Ethel M. Hoyt,
Clerk,:.will
bonds
bidder
furnished to the
Co., Inc. and Charles E. Weigold
& Co., both of New
York, jointly,
*
City
election
an
purchased by Geo. B. Gibbons &
NEW JERSEY
more
the
highest premium.
be
or
the
to
Federation Bank and Trust Co::
$100,000.
offering
lowest rate
same
Kings County Trust Company,15% interest coupon or registered
Brooklyn, N. Y.: $150,000.
I bonds, divided as follows:
the
approving opinion of Cald¬
well/Marshall, Trimble & Mitch¬
ell, of-Newj York City, will be
April 6 the voters
on
Cheektowaga Sewer District No.
(P. O. Cheektowaga), N. Y.
16,
The next
bear
April 12, 1948 in New York City,
or at such other
place as may be
agreed upon with the purchaser.
system bonds.
March
Bank, of Nashua,
discount.
Election—At
held
NEW
purchased by the Indian
were
Head
be
000 water
Nashua, N. H.
Note Sale—The $200,000 tempo¬
23
will
bidder
The
will consider the issuance of
on
the
interest,
will
election
an
Vaughn, N. Mex.
-
Bond
NEW HAMPSHIRE
rary loan notes offered
Voted—At
tion bonds.
issuance
the
bonds
to be
1/10 of 1%.
rate; of interest and will be
awarded
recently the voters approved
issuance of $42,000 construc¬
the
$30,000 construction bonds.
;
the
Bonds
•'
'■
of'
County, Aztec Sch. Dist,
O. Azitc), N. Mex.
(P.
bonds.
interest
or
the lowest rate without reference
NEW MEXICO
San Juan
$15,-
Town
of
bidders offer the
April 6 the voters
on
the
-S"- V to premium, but if two
3s, -at 100.088.
as
>-!Rate
multiple of y4
same
,
election
an
«
AIL of
Boland,
•
will consider the issuance of
000
Hudson.
in
$300,000
Waterloo, Neb.
Bond
from 1949 to 1978 inclusive,
cipal and interest {M-S) payable
at the First National Bank, TOmS
River.
The only other bidder was
<5':;
an
April *6 the voters
©n
57
ceive
Offering—Roy R. Broc¬
Town Supervisor, will re¬
sealed
bids
until
3
p.m.
(EST) on March 31 for the pur¬
of $225,000 not to exceed
chase
Greensboro, N. C.
Bond Sale—The $1,470,000 bonds
offered on March .23—v. 167, p.
1306
purchased
by the
Banking & Trust Co., of
Wilson, and Griffin & Valden,
—
were
Branch
Inc.,! of
a
Raleigh,
jointly, at par,
of 2.7868%, as
net interest cost
follows:
$750,000 water and
for
$40,000
as
sewer
6s,
bonds:
maturing
$10,000 on April 1, from 1950
to 1953; $90,000 as 3s, matur¬
ing $10,000 from 1954 to 1962;
$45,000
000
and
as
2V2S, maturing $20,-
in
1963; $25,000 in 1964,
$575,000 as 23/4s, matur¬
ing $25,000 from 1965 to 1987,
all incl.
r
111' fV
f
#!Vii."Wl »R'»wWuWil—NWOTW—n,«,lii«
V
J****1
58
(1414)
THE
720,000 general improvement
bonds: for $45,000 as 6s, ma¬
turing $15,000 from 1951 to
1953; $135,000 as 3s, maturing
$15,000 from 1954 to 1962;
$70,000 as 2%s, maturing $35,in
1963
and
1964, and
$470,000
as
23/4s, maturing
$35,000 from 1965 to 1977, and
$15,000 in 1978, all incl.
000
Dated
April
interest
and
-
1, 1948. Principal
(A-O)
payable "in
The next highest
New York City.
bidder
Phelps,
Fenn
&
Co.;
Scott, Horner & Mason; Mercan¬
tile-Commerce Bank & Trust Co.,
St. Louis: Stroud & Co.; Ira Haupt
& Co.; Donald MacKinnon & Co.;
Lyons & Shafto; Peoples National
Bank, Charlottesville; C. F. Cassell & Co., and McDaniel Lewis &
Co., jointly, for $85,000 6s; $100,OQO 3%s, and $1,285,000 as 2%s,
was
at par.
'
'
■
v
Bond
B
Sale—The
school
March
23—v.
bonds
O)
to
167,
1306—were
p.
to the Interstate Securi¬
awarded
ties Corp., of
Charlotte, at a price
net interest cost of
about 2.447%, as follows: $90,000
2s, due on May 1 from 1950 to
1S61 inclusive, and $160,000 2V2S,
due on May 1 from 1962 to 1973
of
100.005,
a
inclusive.
dated
All
Nov.
the
of
bonds
are
Second high
1, 1947.
bid of par for $15,000 6s, $106,000
2y4s and $129,000 2%S, a net in¬
terest cost of about 2.47%, was
made
JR.
by
&
Dickson
S.
of
Branch
composed
group
a
Co.,
Banking & Trust Co., Vance Se¬
curities
Corp., and J. Lee Peeler
& Co.
Bonds Voted
;
At
—
March
N.
15
held
on
voters
of
issuance
the
proved
election
an
the
$400,000
storm drainage bonds.
Wake
ap¬
'
.
printed
company
will
executed
and
and
bonds
*
Bids Rejected
•exceed 6%
March
-
different rate of interest in
after
ion of
for
sale.
of
award
check
2%
of
certified
A
eewer
•1951
167,
of
Sale
and
1306.
p.
$377,000
water
bonds, due on April 1 from
1987
incl., and $74,000
bonds, due
sewer
from
to
1951
the bonds
are
on
incl.
1974
April
All
is required
'
'
Bond
N. Dak.*
Offering
Superintendent
the
purchase of
exceed
to
bonds.
til
3%
$265,000
interest
$15,000 from 1950 to
1952, and $20,000 from 1953 yto
1963, all inclusive. These are the
bonds
held
authorized
on
Hatton,
v
at
the
March 2.
election
'
.
N.
(P.
O.
un¬
April 9 for the
on
Columbus, Ohio
Offering—Agnes
Brown
City
Clerk,
office.
be
best
bidder
and;
accrued
must
bid
sold
the
to
bid
the
bids
highest
interest.
and
the
of
a'nd
bonds
amount
gross
interest.
accrued
be
must
fur¬
form
on
par
bids
All
number
for
and
bonds
not less than
for
state .the
for
The
application to the
Clerk.
The
approving
of
Squire,
Sanders
&
upon
above
.
opinion
for, payable to the City Treas¬
is required.
Sale
offered
March
on
1202—were
Bosworth
plus
a
$101,000
notes
167,
p.
Braun,
at iy4%,
as follows:
improvement,
street
ries 87 notes.
sanitary
sold
Dalton
(P. O. Dalton), Ohio
Sale—The $265,000 build¬
ing
March
offered
bonds
Dated Feb. 15, 1948 and due
semi¬
April 15 and Oct. 15
on
1949
to
incl.
1968
bid
of
102.23
by
J.
A.
made
2V2S
for
White
(
Second
was
& > Co.
1
.
j
of
:;
Offering—E.
of
Rate
multiples
bonds will
of
be
1,
y4
1%.
of
to
the
bidder,- at not less than
interest.
accrued
All
be
The
highest
and
par
bids
must
state the gross amount of bid and
interest to date of deliv¬
accrued
The successful
ery.
furnish
the
bidder must
printed
bonds.
The
proceedings have been taken
der
the
supervison
un¬
of
Squire,
Sanders & Dempsey of Cleveland,
whose approving opinion may be
obtained by the purchaser at his
expense.* These are the bonds au¬
thorized
held
the
at
election
general
Nov. 4, 1947.
A certified
for $2,350 payable to the
on
check
Board of Education, is required.
and
Sale—The
Director of Finance and City
will receive sealed
man,
1948
1,
stated
maturity date, later than
^April 1, 1962, will be subject to
prior redemption at the option of
of
garage
coupon
1948.
Due
1963, and $10,000
-from 1964 to 1967, all inclusive.
JRate of interest to be in multiples
of y4 or 1/10 of 1%. Bonds
having
on April 6
$325,000 1%.%
improvementbonds.
Dated April
for the purchase of
from
to
(EST)
noon
.
Denomination
Oct.
on
1,
000 from 1949 to
1954
Bidders
rate
to
may
of
y4. of 1 %.
$1,000.
as follows: $32,1953, and $33,000
1958,
all
bid for
interest
in
a
inclusive.
different
multiple of
Split rate bids will not
be considered.
a
New
City
in Dayton, at
said date and the option of the holder. The right
i
1
;
from
or
1949
Interest
&
to
on
1968
inclu¬
2y2S,, at
Co.,
for
City,
bonds
will
Village's
until
noon
unlimited
tax
bonds.
Dated Dec. 1, 1947.
De¬
nomination $1,000.
Due $1,000 on
Dec. 1, from 1949 to 1955, all in¬
clusive.
Bidders may ' bid for a
apparatus,
different rate
of interest
to the
in mul¬
The bonds will
highest bidder for
not less than the par value there¬
of and accrued interest. • All bids
state
bid
for
bid
and
of
and
the
be
number
the
gross
of
bonds
amount of
interest
accrued
to
date
No conditional bids
delivery.
will
received.
The
approving
opinion of Peek, Shaffer & Wil¬
liams, of Cincinnati, will be fur¬
nished the purchaser without cost.
A
date
for
have
be
furnished
certified
check
for
1%
of the
bonds bid for,
payable to the Villarge, is required.
'
•
of
the
the
to
are
be
as
holder.
payable
The
solely
the
of
revenues
Works System
Water,
owned and
op-*
by the City after provision
only for the expenses of operating
and
maintaining the same. The
of
bonds will be secured by a first
mortgage from the City to the Se¬
curity Central National Bank' of
Portsmouth,
are
Trustee, covering
as
held
Nov. 4,1947. Enclose a certified
on
sions and additions thereto when¬
the
at
check
general election
for
$170,
payable
the
to
provide
bonds
Margaretta Local School District
with
Bond
Sale—The
on
con¬
March
shall
18—v.
167, p.
1094—were pur¬
by Fahey, Clark & Co., of
Cleveland,
First
of
Michigan
&
Co.,
at
of
for
basis of 2.34%,
1948.
Due
from
serially
1949
to
1971
terest
payable
highest bidder
worth
&
of
101.672,
Dated March
inclusive.
M-S.
Inc.,
such
In¬
2y2s,
extensions, replacements,
additions
at
101.416.
greatest
Monroeville,
or
certified
as
by an in¬
dependent
engineer,
shall
be
equal, after operating and main¬
tenance charges, to 135% of the
Bos¬
for
the
upon
the preceding year
plus the estimated earnings from
next
Braun,
was
Co.,
issued
are
producing extensions,
and additions, and
earnings of the system
based
1,
The
additional. bonds
revenue
that
a
15,
Sept.
on
exceed $2,000,000 at
outstanding, and that
replacements
Toledo, jointly,
price
a
parity
a
never
such
Corp., of Detroit, and Ryan, Suth¬
2%s,
revenue
on
present
time
any
chased
as
the
will
mortgage
additional
be issued
may
that the total
$303,000
struction bonds offered
The
that
issue, provided
principal amount of
bonds secured by said
mortgage
(P. O. Castalia), Ohio
erland
made.
ever
Village.
debt
Ohio
amount
service
for
year
Bond
for
necessary
charges in
one
any
all
Offering—H. M. Sheldon,
Village Clerk, will receive sealed
bids until noon (EST) on April 1
for the purchase of $50,000 2%
outstanding bonds
payable from said revenues. The
water works coupon bonds. Dated
Indenture
proceedings authorizing the issu¬
ance
of these bonds
$1,000.
Due $1,000 April and Oct.
1, from 1949 to 1973, all inclusive.
including the
Mortgage are being
prepared and supervised by Peck,
Shaffer & Williams, of Cincinnati,
whose approving opinion will be
Bidders
may
furnished to the successful bidder
rate
interest
April
1,
of
1947.
y4 of 1%.
All
bid for
in
different
a
multiples
state
must
of
bid
and
the
.
cost
cording
in¬
terest to date of
shall
must agree to
the general
1947.
bonds
Sale—The
$296,000 sewer
March
offered
23—v.
167,
1095—were awarded to Braun,
& Co., Inc., of Toledo,
as
2V2s at a price of 102.289, a
basis of about 2.286%. Dated April
1, 1948 and due on April 1 and
p.
Bosworth
Oct.
from
1
1949
incl.
1973
to
be
close
election in November,
chck for $500
mortgage.
for
all
or
the
and
printing
and
re¬
bid
Each
the
of
none
bonds
will
*
be
a
certified check fox
$15,000,
payable to the City.
*
Windsor
Norwalk, Ohio
Bond
The City
ager and City Auditor with the
approval of the City Council. En¬
certified
A
the City.
awarded to the highest bidder and
the best bidder by the City Man¬
the bonds authorized at
are
of
the
bonds
delivery. Bidders
print the bonds and
coupons therefore, and submit a
form
thereof
together with his
bid, for the approval by Council.
These
of
will also pay the cost of
the bonds and preparing
gross
accrued
the
at
of
Interest payable A-O.
bids
amount
Denomination
Local
Bond Sale
Sch.
The
—
Disl., Ohio
$12,000
struction bonds offered
con¬
March
on
15—v.
167, p. 990—were purchased
by J. A. White & Co., of Cincin¬
nati, as 2 V2s, at a price of 100.575,
a
basis of 2.409%:
Dated Jan. 1,
1948.
Due
serially on Nov. 1,
1960 inclusive. Prin¬
from 1949 to
cipal and interest (M-N) payable
Second high
at
was
The next highest bidder was Fox,
Reusch & Co., for 2V4s, at 100.891.
bid of 102.286 for 2V2S
made by J. A. White & Co. of
Portsmouth,
Bond
City Auditor,
liams,
(EST)
on
April 15 for the purchase of $1,works
1,
first
revenue
Orwell
Bank
Co., Orwell.
Woodlawn, Ohio
Wil¬
D.
will receive
sealed bids until 2 p.m.
500,000
the
Ohio
Offering—James
water
mortgage
bonds. Dated April
1948. Denom. $1,000. Due $25,-
Bond
Offering
—
Orville Page,
Village Clerk, will receive sealed
bids until noop (EST) on April 13
for the purchase of $15,000 3%
fire
truck
bonds.
Dated
April
1,
1948.
as
Denom. $1,000. Due Dec. 1,
follows: $1,000 in 1949, $2,000 in
$25,000 April and .1950, $1,000 in 1951, $2,000 in 1952,
$30,000 Oct. 1, 1949 and 1950, $30,- $1,000 in 1953, $2,000 in 1954, $1,000
000 April and Oct.
1, 1951 and in 1955, $2,000 in 1956, $1,000 in
1952, $30,000 April and $35,000 1957, and $2,000 in 1958. Bidders
Oct. 1, 1953 and 1954, $35,000 April may bid for a different rate of
000 Oct. 1, 1948,
interest in
and Oct.T, 1955 and 1956, $35,000
April and $40,000 Oct. 1, 1957 and
1958, $40,000 April and Oct. 1, 1959
and 1960, $40,000 April and $45,000 Oct. 1, 1961 and 1962, $45,000
April and Oct. 1, 1963 to April 1,
1968. Bonds maturing on Oct. 1,
not less than the par value there¬
of and accrued interest. All bids
1958, and thereafter, are redeem-;
as a whole or in part in their
bid
able
inverse numerical
1,
1958,
ment
or
date
on
order
any
on
April
interest
thereafter
at
pay¬
and
a
These bonds
multiple of y4 of 1%,
are payable from un¬
limited taxes at the First National
Bank of Lockland. The bonds will
be
sold to
must
state
and'
be
number
the
bonds
of
amount of
interest to date
gross
accrued
delivery.
will
highest bidder for
the
for and
bid
of
the
conditional
No
received.
bids
The
of 3% of par
approving
opinion of Peck, Shaffer & Wil¬
liams, of Cincinnati, will be fur¬
Village Clerk, will receive sealed
April 1, 1963, and plus a premium
of 1%% of par if called thereafter
without
bids until
prior to maturity.
authorized at the general election
accrued
Madison,
Bond
for
the
Offering
Ohio
—
■
W. J. Keyse.
(EST) on April 9
purchase of $17,000 3%
noon
will
be
par
interest, plus a premium
if called on or before
Any
by resolution
such
of
call
Council
f.
I
City Treasurer's
Security Central
Portsmouth, at
of
erated
the
at
These bonds
expense.
the
at the
option
from
the
been
supervision
& Dempsey,
City and in
all of the water works
property of
the City together with all exten¬
ized
Ohio '
(EST) on April
for the purchase of $7,000 3%
must
the
the
part of the $40,000 issue, author¬
Village Clerk, will receive sealed
sold
bonds
at
or
bonds
of
Cincinnati.
Lore
7
the
York
National Bank
bonds
to
Proceedings
of
under
Bond Offering—John C. Harper,
fire
interest
office,
Squire, Sanders
of
Cleveland, whose approving opin¬
ion
together
with
the
printed
March
101.489.
bids
of
amount
gross
New
at par plus a premium, and at
different rate or rates of inter¬
payable
.
payable J-D. The
bidder was Field,
highest
Principal and in¬
terest (A-O) payable at the office
of the fiscal agency of the
City in
York
1,
delivery.
taken
number
the
accrued
in
est, provided that if split rates of
interest are bid, any fraction shall
be y4 of 1%. Principal and interest
highest bidder for
the
and
$46,000 water
bonds offered
sewer
Richards
be
Hager-
a
a
payable to the Village, is required.
Jefferson, Ohio
/
of
as
interest to
sold
tiple of y4 of 1%.
E.
Accountant,
April 1, 1948. Denom. $1,000. Due
April 1, as follows: $15,000
on
in
23—v.
167, p. 1202 — were awarded to
Braun, Bosworth & Co.,-Inc., of
Toledo, as 2%s, at a price of
100.042, a basis of about 2.246%.
from
on
Dec.
$10,000 from 1964 to 1973, all
next
Bond
municipal
April 6 for the purchase of
$250,000 not to exceed 3% inter¬
est coupon building bonds. Dated
numbers,
and
inclusive.
sive.
District
School
Local
oh
order
Due
Dec.
7
.
bids until
inverse
1948.
17—v.
Dayton, Ohio
Bond Offering—R. J. McDonald,
in
1,
Dated April 1, 1948.
Due Oct.
1, 1949, payable at the City Treas¬
urer's
office.
The
next highest
bidder was J. A. White & Co., at
District Clerk, will receive sealed
'and oral bids until 11 a.m. (CST)
District,
April
follows: $9,000 from 1949 to 1963,
Bond
88
-
.
3s.
Valley City School District, N. Dak.
serial
chase of $235,000 not to exceed 3%
interest construction bonds. Dated
167, p. 1094—were pur¬
chased by J. A. White & Co., of
Cincinnati, as 2y2S, at a price of
101.889, a basis of 2.282%. Dated
March 1, 1948.
Due serially, on
Bond
1950
Bond Offering—Fred J. Jaisle,
Village Clerk, will receive sealed
bids until noon (EST) on April 5
for the purchase of $60,000 3%
sewer bonds.
Dated May 15, 1948.
Denomination $1,200.
Due $1,200
April and Oct. 15, 1949 to 1973.
se¬
series
March 10 to the Bank of North
as
state
issuance
Ohio
Harrison,
;
;
sewer,
notes.
.
Cincinnati.
Dakota, of Bismarck,
A certified check for
for, payable to the City Ac¬
countant, is required.
.
8,200
high
the
by
Co., Inc.,
premium of $66,
cial assessment warrants
on
19—v.
purchased
&
"Warrant Sale — An issue of
$160,000 Sewer District No. 1 spe¬
was
The $109,200
—
or
mul¬
a
must
City.
will receive
sealed bids until noon (EST) on These are the bonds authorized at
the general election on Nov. 4,
April 5 for the purchase of $33,1947. Bidders may bid a different
000 2i/2% incinerator fund No. 2
rate of interest in a multiple of
bonds.
Dated April 16, 1948. De¬
Vi of 1%. The bonds will be sold
nomination $1,000.
Due on May
to the highest bidder for not less
16, as follows: $1,000 from 1950
than the face value thereof and
to 1952; $2,000 in 1953 and 1954;
accrued interest.
All bids must
$1,000 in 1955 and 1956; $2,000 in
state the number of bonds bid for
1957; $1,000 from 1958 to 1960;
and the gross amount of bid and
$2,000 in 1961; $1,000 in 1962 and
accrued interest to date of deliv¬
1963; $2,000 in 1964; $1,000 from
1965 to 1967; $2,000 in 1968 and ery. Enclose a certified check for
1969; $1,000 from 1970 to 1972; $600, payable to the village.
$2,000 in 1973, and $1,000 in 1974.
Jackson-Milton Local Sch. Dist.
Bidders may bid for a different
(P. O. North Jackson), Ohio »
rate
of interest
in multiples of
Bond
Offering—D.
C. \ Shook,
y4 of 1%.
Split-rate bids will not Clerk of Board of Education, will
be considered.
Principal and in¬ receive sealed bids until 8 p.m.
terest (M-N) payable at the City
(EST) on April 1 for the pur¬
from
v
to the
and
(EST)
noon
annually
Dak.
sold
for
bonds.
not
building
be
bid
purchase of $7,000 fire apparatus
22
Due
for
lished
Portsmouth. Bidders may present
a bid or bids for said bonds at
par
not less than the face value there¬
of and accrued interest. All bids
bid
Clerk will receive sealed bids
A. L. Hagen,
Schools, will
—
of
sealed bids until April
receive
for
1,
bid
may
30 days' notice thereof will
given to the Trustee and pub¬
a financial
journal pub¬
be
tiple of y4 of 1%. The bonds will
bid
Cedarville), Ohio
Offering —The Township
/■//// $7,728.
;
Squire, Sanders & Demp¬
Bidders
sey, of Cleveland, that the bonds
are valid and binding obligations
6.00% interest plus a premium of
NORTH DAKOTA
'
"
re¬
3% of the par value of the bonds
'
of
dated April 1, 1948.
Dickinson School District No,
upon
Township
Cedarville
Bond
to
storm
1
to
not
be
OHIO
Note
All bids were
will
quest without cost with the opin¬
1960.
of the
bid, payable to
the District Treasurer,
'
$451,000
(EST)
noon
furnished
bid
interest bonds offered
23—v.
consisted
—
the
for
rejected
paid before
and
lished in
1, as follows: $1,000 in 1949 to
1951, $2,000 in 1952, $1,000 in 1953,
$2,000 in 1954, $1,000 in 1955, $2,000 in 1956, $1,000 in 1957, 2,000
in 1958, $1,000 in 1959, and $2,000
ders
urer,
Whiteville, N. C.
be
construction
in
awarded to R. S. Dickson Dempsey, of Cleveland, and the
Co., of Charlotte, at 1%'% in¬ printed bonds will be furnished
The
terest, plus a premium of $12.50. and paid for by the City.
Bated April 1, 1948 and due Oct* bonds will be delivered at the City
A certified check
L 1948.
The Branch Banking & Clerk's office.
Trust Co., of Wilson, second high for 1% of the amount of bonds
rate of 1.85%.
shall
station
bonds. Dated April 1, 1948. Inter¬
est J-D. Denom. $1,000. Due Dec.
The successful bid¬
&
a
the
fire
coupon
of said date.
—were
bidder, named
all
or
Monday, March 29, 1948
approving opinion of Dorsey,
Colman, Barker, Scott & Barber,
of
Minneapolis, within 30* days
(he
All
provement bond anticipation notes
offered March 23—v. 167, p. 1306
.
trust
or
District
The
$55,000 street im¬ nished
Note Sale—The
any
the full amount bid for such bonds
der.
of
N. C.
Forest,
reject
The bonds will be delivered
without cost to the purchaser the
bank
will
C.
to
CHRONICLE
furnish
suitable
designated by the successful bid¬
Treasurer's
Smithfield,
FINANCIAL
purchasers at the City
Treasurer's office, or at a Dayton
bank designated by the purchaser,
on or before April 27, 1948, and
Cain,
offered
&
reserved
bids.
Bond
$250,000 series
is
after.
;
.
building
interest payment date there¬
Principal and interest (Awill be made payable at any
any
Lincoln
County (P. 0,\
Lincolnton), N. C.
COMMERCIAL
nished
on
Nov.
to
the
cost.
4,
successful
These
bidder
bonds
1947. Enclose
a
were
certi-
for
check
fied
bid for,
Number 4685
167
Volume
OV Act of. 1946 bonds was awarded
i oh- Mardi 19 to the First Boston
Bonds Voted—At a recent elec¬ Corp1.,' New York, as 2y4s, at a
tion the voters authorized'ah is- pricfe^of .100.209, a basis of 2.23%.
sue of $66,000 construction bonds;1 Dated Dec: 1, 1947. Denomination
$1,000.
Due Dec. 1, as follows:
Salem,. Ore.'*
$5,000^ from 1953 to 1960 inclusive,
Bond Sale—The $82,528.40 imand $10,000 from 1961 to 1965 in¬
provement issue of 1948-A bonds clusive.
Principal and interest
offered; on March 22—v. 167, p.
°° " 1crr
(A-O). payable at the City Treas¬
1095—were purchased'by Blyth &
.
Zanesville, Ohio
Offering .7— Henry
F.
Stemm, City Auditor, will receive
pealed bids until noon (EST) on
•April 2 for the .purchase of $131,000 not; tof'exceed
3%, interest
bonds, divided as follows:
Bond
$7i,000v; water
■
i"!
?•:
: '
•
required.
,
improveApril
system
60,000 'water
-1, from 1950 to 1369 inclusive
A certified check for $600 is
tem
April 1, 1948. Principal
.and interest (A-O) payable at the
|
V
$7,500 water sys-'f
improvement bonds.
'
Washington County Union High
School District No. 1 (P. O.
the
bid
of
of
2%
inclusive, optional for re¬
on Sept. 1, 1954. Prin¬
cipal and interest M-S.
demption
the
is
required.
bonds
opinion of
Cookeville, Tenn.
$200,000 water
works improvement bonds of 1948
furnish printed
Bond Sale—The
-approving legal
Dorsey, Colman, Barker, Scott &
Barber of Minneapolis.
offered March 24—v.
March
the
approved
issuance
water
$9,000
as
r,
,
c
n
tor
2
will
ThpHtv
Audi
The^City Audibids until
receive
$11 000
follows*
as
from
interest
Okla.
Broken Bow,
due
at
payable
Treasurer's office
the
or
at the fiscal
County
refused to agency of the State .in New York
improvement City. Successful bidder to furnish
Okla.
Sale —The $22,000 build-
Collinsville
Bond
School Districts,
dated
terson, Borough Secretary, will
receive sealed bids until 7:30 p.m.
(EST) on April 9 for the purchase
of $50,000 coupon general obligation bonds.
Dated May 1, 1948.
Denomination $1,000. Due $5,000
on May 1 from 1949 to 1958 inelusive. Registerable as to prin-
Edgar Honnold, of Oklahoma
iCity,
$10,000 2s, due
follows:
as
.$2,000 from 1951 to 1955 inclusive,
$12,000 2*/2s, due $2,000 from
1956 to 1961 inclusive.
The First
-National Bank & Trust Co., of Okand
•
City, bid for $12,000 2y4s
fahoma
;and $10,000 2V2s.
•
School
Davis
>
Okla.
District,
Details—In
Sale
Bond
building and repair bonds as 1/4s,
.
reported m our March 15 issue
167, p. 1202—we learn that
as
Tyrone, Okla.
Offering—Sealed bids will
Bond
6%^interest bonds, as
;c*
follows:
nished the successful bidder.
j
$1,500 from 19oi 10 ittoo, lnci
2,500 fire station bonds. Due $500
from 1951 to 1955, incl.
/
*
.
1
County Union High Sch. Dist.
15 (P. O. Eugene), Ore.
Bond Offering — The District
for the
North
(
!
un¬
(P. O.
and
$317,000
building bonds awarded recently
1
to
t!
Co., Inc., of Portland, the Coos
Bay National Bank of Coos Bay,
-
:
group
and: the
•'?
composed of Blyth &
United
'
May
National
State
1989
to
1949
1978
on
incl.
callable in
1968.
Au¬
Author-'
900,000 bonds. Due May 1, 1963.
Authorized by the City
,
:
cil
on
of
Coun-
Dec. 19, 1947.)
the
bonds
will be dated
May 1, 1948. Interest payable on
Jan. 1 and July 1, the first payon Jan .1, 1949 will be- for
eight months. The bonds are full
faith and credit obligations of the
ment
city. A certified check for 2%
167,
r,>Bank of Portland, as
basis
a
'
>p.
-
3s, at 100.604, the bonds bid for must accompany'
167, | the bid.
mature
March
On
1,
as
1950 to 1957 in¬
clusive and $37,000 in 1958.
Plain Water District
Madras). Jeff erson
(P. O.
County, Ore.
Bonds Voted—An issue of $99,000' water
thorized at
main
a
bonds
was
.
Bonds
au-
recent election.
Powellhurst School District
Portland),
Voted
—
(P. O.
Ore.
At
an
election
held
recently the voters author¬
ized
an
Issue
of
$170,000
ing bonds.
Washington Township (P. O.
R.P. D. Bangor), Pa.
fol-
lows: $35,000 from
build¬
Bond Sale—The $10,000
arid
on
improvement
March
were
17—v.
purchased
bonds
offered
Bank
March .15,
1948.
of
Bangor
Due
se¬
1948
and
due
Jan.
on
1
Harriman, Tenn.
Bond Offering
Minne-
cierk
sue-
bids
7;30
W. M. Giles,
—
wjn
until
receive
sealed
(CST)
p m
on
April 21 for the purchase of $125,000 not to exceed 4V2% interest
school
election
bonds.
Dated
March
1,
Bids
Denomination $1,000.
1948.
of
to be made either on the follow-
$20,000
alternative
$25,000
maturity sched¬
March 1 from
due
1963
bonds
on
was
to 1967 inclusive, or $25,000
March 1 from 1954 to 1958 in¬
clusive.
Principal
interest
and
S
tion with the sale of the $400,000
electric
Co.
of
Georgia,/
Atlanta,
Robinson-Humphrey
Co.,
son
as
reported in
our
optofon
2 p.m.
(CST) on April 9 an issue
$76,000
street
improvement
bonds.
Dated Jan. 15, 1948.
De¬
bonds to the Alli¬
revenue
Williams Co.,
of
of Minneapolis,
March 15 issue
nomination $1,000.
Due Jan. 15,
as
follows:
$16,000 in 1949 and
l3/4s, at a.
$15,000 from 1950 to 1953 inclu¬
price of 100.082, a basis of 1.723%.
sive. Bidder to name a single rate
of interest, expressed in a mul¬
TENNESSEE
tiple of y4 of 1%.
Principal and
Blount County (P. O. Marysville),i interest payable
at the Mayor's
167,
v.
the
1203—we
p.
bonds
sold
were
learn that;
at
Tenn.
jointly
Bond
Sale
An
,
issue of
{ office
■
$150,-
other
such
at
or
place
as
March 22 to J. C. Bradford &
2y4s, and $450,000
2y2s, at 100.01." /
Union
County,
of
bonds bid for,
000
Union Sch. Dist.
(P. O. Union), S. C.
Bond Sale—An issue of $165,000
school bonds was purchased re¬
No. J1
Craigie
be designated later by reso¬
lution and stipulated in the bonds.
A certified check for 2% of the
as
hospital
bonds
was
awarded
Co.,
Nashville, as 2V4s, at a price of
100.085, a basis of about 2.241%.
Due April 1,
as
follows: $5,000
from 1949 to 1953 inclusive; $10,-;
000 from 1954 to 1958 inclusive,
Co.,
of Richmond and Hamilton & Co., and
$15,000 from 1959 to 1963 in¬
of
Chester, jointly, as follows
clusive.
Second
high
bid
of
$46,000 as 2s maturing on Feb. 1, 100.85 for 2V2s was made by the
$6,000 from 1949 to 1953; $8,000 Equitable Securities Corp.
'
in 1954 and 1955; $42,000 as 2V2s,
Bond Sale Details—The Temple
maturing $8,000 from 1956 to 1958;
Securities
Corp.,
of
Nashville,
$9,000 in 1959 and 1960, and $77,- was a member of the
group head¬
000 as 3s,. maturing $9,000 from
ed
by the Equitable Securities
1961
to
1963, and $10,000 from
Corp. whicl\ recently purchased
1964 to 1968, all inclusive.
Dated
$500,000 school bonds as 2%s and
Feb. 1, 1948.; Principal and in¬
2%s, at a price of 100.04—v. 167,
terest (F-A) payable at the Irv¬
p. 1095. /
ing/Trust Co., New York. Ap¬
proved as to legality by Huger
Chattanooga, Tenn.
Sinkler, of Charleston.
Bond Election—At an election
cently
by
F.
W.
&
—
.
on
SOUTH DAKOTA
'•'<
¥-4}y.Baltic, S. Dak.
Clerk,
as
total
a
divided,
will receive sealed
bids until 8 p.m. (CST) on Apri
9 for the purchase of $30,000 not
vided
March 26 the voters will
sider
Bond Offering—Alfred N. Berg
interest bonds^di-
follows:
.
as
of
con¬
$1,200,000 bonds,
follows: $500,000 street
repair; $500,000 sewer extensions,
and $200,000 school building.
County (P. O.
Tazewell), Tenn.
Bond
..
•
:■*
and accrued
Sept. 1, 1953.
par
interest
on
the
City
offered
167,
794—were purchased by
p.
a
payable to order of
is required.
approved
by
Treasurer,
be
to
Legality
Charles
Trauernicht
&
of
St.
Louis.
TEXAS
Abernathy,, Texas
Offering
Bond
—
A.
B.
Reid,
City Secretary, will receive sealed
bids until 5 p.m. (CST) on April
13 for the purchase of $112,000
not
to
and
exceed
sewer
4%
interest water
revenue
bonds. Dated
Due serially from
to 1978 inclusive.
Principal
April 1, 1948.
1950
interest
(A-O) payable at a
the successful
bidder and the city. Rate or rates
of interest to be named by the
and
bank satisfactory to
City will furnish printed
approving legal opinion
of Dumas & Huguenin of Dallas.
bidder.
bonds and
The
bonds were
election
Bonds
Sale—The $400,000 school
on
March
17—v.
bonds
$20,000 water works bonds. Due
$1^000 on Sept. 1 from 1949 to
1968 inclusive.
Optional at
*
may
Claiborne
syndicate composed of Davidson
& Co., of Knoxville, Cumberland
Securities Corp., of Nashville, C.
rially on March 15, from 1949 to
H. Little & Co., of Jackson, Fisher,
1958 inclusive.
10,000 fire protection bonds. Due Hawes & Co., of Knoxville, Wal¬
$1*000 on Sept. 1 from 1949 to ter, Woody & Heimerdinger, and
RHODE ISLAND
1958 inclusive.
Provident Savings Bank & Trust
Newport, ■>R. »/.
All
of
the
bonds
are
dated Co., both of Cincinnati, as 3s, at
Bond Sale—An issue of
par. Dated March
$90,000 March 1, 1948. Principal and in
1, 1948.
Due
coupon
equalization
refunding terest (M-S) payable at any suit- serially on Sept. 1, from 1950 to
chants National
Dated
1,
from 1950 to 1964 incl.
Bonds Sold—An issue of $70,000
Braun, Bosworth & Co., Inc., and
funding to exceed 3%
167, 'p. 1*203—
by
the. Mer-
Jan.
2%
ing
revenue
offered
voters ap-
the
issuance
waterworks
bonds
p.
Trust
Town
1, 1948
an
system
March 23—v. 167, p. 1203—were
awarded to the Cumberland Securities Corp., of Nashville. Dated
Selby, S. Dak.
County
of
2.89%—v.
about
991—^are dated March
and
-
of
the,
proved
At
water
^f
•
'H
16
f Vftnn
incl. Part
loan authorized
to
—
va-
Cornersville, Tenn.
waterworks bonds.
Tor $1,050,000
ized by the City .(Council"" on
Sept T2 "1947;
*
All
Bond Sale Details—The
a
on
'7,500,000 bonds. Due May 1,1978,
-
North Bend), Ore.
!
,1
-
ap¬
by the City Council
Nov. 21, 1947.
on
•
Bend School District
$95,000
Voted
are
Bond Sale—The $15,000 munic-
ipal
"
March
on
Bonds
1958 and those
1956 to 1968 will
on March 23— purchased recently by Kalman &
(M-S) payable at the City Treas¬
1095—were purchased Co., of "St. Paul, at par, as follows: urer's office or at the First Naby a syndicate composed of the
from
tn
tional Bank, Harriman. Bidder to
Harris Trust & Savings Bank, of
<R4n nnn
a«
??/
nnn
name a sinSle rate of interest, exChicago, R. S. Dickson & Co., of
multiple
1%.
from lQfiO to 1964, and $5,000 from
Charlotte and A. M. Law & Co., frnm 1960 tn 1Qfi4Pressed in a check for Of V4 Of iiar*
pprfified
$3 000
of Spartansbufg, Tat
a
price of 1965 to 1968, all inclusive. Dated
^
100.027, a net interest cost of March 1, 1948. Principal and insquired
Legal
T
TST
2.297%, as follows: $225,000 as 4s. terest (M-S) payable af the First of
Chapman & Cutler of Chicago.
maturing $75,000 on Nov. 15, from National Bank, Selby.
1948 to 1950; $375,000 as iy2s, ma¬
Humboldt, Tenn.
Watertown, S. Dak. »;
Bond Offering — Mayor H. J.
turing $75,000 from 1951 to 1955;
Bond Sale Details—In connec¬
Foltz will sell at public aution at
$525,000 as 2y4s, maturing $75,000
thorized
purchase of
1958 inclusive.
1954 to
*
1950
from
$135,000 school bonds. Due July
1, as follows: $13,000 from 1949
to 1953 inclusive, and $14,000 from;]
•
>
29
of
(P. O.
Greenville), S. C.
Bond Sale—The $1,500,000 hos¬
v.
March
1, 1946 and approved by the
voters on May 1, .1946.
3,400,000 bonds. -Due <on July 1
No.
March
and
1946,
by the City Council
Lane
til
1,
of $34,000,000
28
Clerk will receive sealed bids
issuance
ap¬
held
1,
pital bonds offered
by the City Council
March
from
of
Barber
on
March 1 from
on
w^h March 1, 1955, at
ules:
24,000,000 bonds. Due on Jan. 1
Prineville Sch. Dist.
TD
&
due
1955 inclu-
S7e%f™ptionPending 0n ^
dat 01 reclemPtlon-
Menno, S. Dak.
Bonds
election
voters
from 1956 to 1962, and $375,000 as
proved by the voters
21,1946.
the voters will approve the issuance of $75,000 im¬
provement bonds.
April
the
an
follows:
as
on
'*
on
the
^
thorized
( P. O. Prineville), Ore.
Bonds Voted—At an election held
;
At
5
*
OREGON
Crook County,
—
March
Bank & Trust Co., New York. The
$10,000,000 bonds. Due on Jan. 1 next highest bidder Was the Equit¬
from 1949 to 1&98 incl.
Au¬ able Securities Corp.*/Blyth& Co.,
are
Scott
cessful bidder.
Offering—Mayor Bernard
divided
for
check
March
1949
of the bid,
2y2s, maturing $75,000 from 1963
Samuel will receive sealed bids to 1967, all inclusive. Dated Nov.
until noon on April 13 for the
15, 1947.
Principal, and interest
$45,800,000
bonds, (M-N) payable at the Chemical
purchase
of
the bonds authorized
at the election held on March 9.
These
.
County,
Greenville
\
Philadelphia, Pa.
Due I
] $7,500 water works bonds.
a
name
I Ruffin of Pittsburgh, will be fur-
Bond
certified
A
der.
ker
construction bonds.
the bid. The bonds are
tax obligations of the
borough and the approving legal
opinion of Burgwin, Churchill &
be received by the Town Clerk,
/until 7:30 p.rri. (CST) on March
{ SO, for the purchase of $10,000 not
/ to /exceed
to
on
proved
umimited
;
are
Bonds Voted
held
company
v.
the bonds were sold at par.
due
Blackshurg
Centralized High Sch. Dist.
(P. O. Blackshurg), S. C.
single rate of interest, expressed
ina ^riitipie of y4 of 1%.
A certified check for $1,000, payable to
or(jer 0f the borough, must ac-
connec-
ytion with ithe sale of the $2j*000
.
Bidder
only.
cipal
.
1964
1956 to
3y2s,
of
maturing from
be subject to prior redemption be-
payable to order of the
City Treasurer, is required. Legal
dated Dec. 1, 1947. In-! opinion of Dorsey, Colman, Bar!
c
44
P
u
ft
Twr
Cherokee
City, Pa.
J
Offering—Frank G. Pat-
Bond
from
apolis will be furnished the
Grove
1307—were awarded
24—v. 167, p.
1
$38,000
terest J-D.
PENNSYLVANIA
ing and site bonds offered March
Tito C
bonds
legal opinion.
'
bonds.
and
on
Dec. 1 from 1965 to 1969 incl. The
;on March 9 the voters
/authorize : $116,000
Dec.
on
incl.,
both
2^s,
1950 to
1960 to 1968 inclusive.
City Treasurer's office. The issues
group composed of R. S. Dickson
Hillsboro), Ore.
to 1953 inclusive; $2,000 in 1954,,
will be sold to the bidders whof" >Bond offering
The District, & Coij Charlotte, Robinson-Hum¬
and $1,000 from 1955 to 1967 inask the; lowest rate of interest.
phrey Co.,
of
Atlanta,
E.
H
Qerk will receive sealed bids un-S
elusive. Optional July 1, 1953. No
.The bids must be for all of the til 8
p.m. (PST) on March 29 for Pringle, wi Charleston, and G. H. <
•bonds.
Attorney's : opinion
and | the purchase of $140;000 school Crawford & Co., of Columbia, at bid for less than par and accrued
interest will be considered. Prinsprinting of bonds to be borne by bonds.. Dated April 1, 1948. Due a price of 100.007, a net interest
/the purchaser.
: $7,000 on April' 1 from 1949 to cost of about 3.36%, as follows: cipal and interest payable at any
suitable bank of trust company
1968
inclusive.
Optional on or $18,000 3s, due on Dec. 1 from
OKLAHOMA
after April 1, 1959. Principal and 1951 to 1955 incl.; $44,000 3y4s,| designated by the successful bidBonds Defeated—At an election
Co.,
$51,000
1 from
$1,0,000 3M>s, due
sealed
(CST) on April 1 for the
Bonds Sold—An issue of $100,- purchase of $70,000 sewage dis¬
posal bonds., Dated July 1, 1948.
300"'^Crieral improvement bonds
$1,000.
Due July
wag-atvarded on March 17 to a Denomination
p.m.
1
&
sive; $39,000 .3 y4s, due on March 1
from 1956 to 1959 inclusive, and
,
-
Cheraw, S. C.
follows:
March
bonds.
Ronfi nffprinV
Bona Offering
1203
p.
group com¬
a price of 100.056, a
cost of about 3.358%,
interest
net
extension
system
Meeks
Memphis, at
of $31,000
bonds
and
installation
sewer
Gordon
the voters
16
167,
a
posed of John Nuveen & Co., Chi¬
cago, R. B. Wooten
& Co. and
Castlewood, S. Dak.
a special elec¬
on
awarded to
—were
Bonds Voted—At
tion held
;.twSOUTH CAROLINA
-
issuance of
the
for
and
at
A
101.34.
election*
held recently the voters approved
required.
Bated
an
2V2S,
for
Stubbs,
Wallowa, Ore.
Voted—At
Bonds
merit bonds. Due $3,000
\
*
amount
•<
•
check
Town will
office, or at the First Na¬
Co., of Portland. Dated March 1,
ment bonds.
Due on April l,:|!
tional, Jlank of Boston. Legality
1948.
Due serially on March 1,
as
follows: >$4,000 from 1950
approved by Storey, Thorndike,
1966, and $3,000 in 1967. from. 1949 to 1958,dncl Principal Palirier,JSE.Dodge of Boston.
The
A certified check for $710 is ^ interest payable at the City .next highest bidder was Whiting,
,Z-Treasurer's office.
.',v. :.\U Weeks
&
;i'
•
certified
59
1957
or trust company desig¬
nated by the successful bidder. A
' •
urer's
improve-
system
'
(1415)
able bank
(P.
Gresham), Ore.
■-
payable to the Village.;;. ',:
,r.r
x..
School District
Rockwood
the bonds
of
1%
COMMERCIAL .& FINANCIAL CHRONICLE
THE
••
on
authorized at
an
Nov. 29, 1947.
Bellaire, Texas
Publicly
O f f e r e d—
Rowles, Winston & Co., of Hous¬
ton, are offering for public sub¬
scription an issue of $32,000 3J/2%
interest general obligation bonds.
Dated Feb.
15, 1948. Denomina¬
tion
$1,000.
Due on Feb. 15, as
$4,000 in 1959; $8,000
1960 to 1962, and $4,000 in
follows:
from
Principal and
payable at the Sec¬
1963, all inclusive.
interest (F-A)
ond
National
Bank
of
Houston.
Approved as to legality by Chap¬
man & Cutler, of Chicago.
60
(1416)
Bexar
THE COMMERCIAL
County (P. O, San Antonio), offering of bonds bearing interest
000
&
Monday, -
FINANCIAL CHRONICLE
-
3%' school house bonds was
-
Whatcom CPuhty, Blaine Sch. Diet,
No. $03 (P. O. 'Bellingham),
UTAH
'
'
Texas
purchased recently by Hauscher,
Pierce & Co. and Roe & Co., both
Bonds Publicly Offered—M, E.
Allison & Co., of San
time on 60 days' notice, as a whole of San Antonio, jointly:
Dated
Antonio,
are offering for public subscrip¬
or
in part in direct numerical April
10,
1948.
Denomination
tion an issue of $235,000 3% per¬
Due serially on Jan. 10
order, at the following percent¬ $1,000.
manent
improvement refunding ages of par, plus accrued interest: from 1949 to 1982 inclusive. Bonds
bonds.
Dated Jan. 15, 1948. De¬ (a) From pledged revenues only: maturing in 1964 and thereafter
nomination $1,000.
Due on Jan: Bonds due in 1953 to 1958, are are callable on Jan. ,1, 1963. Prin¬
15, as follows: $35,000 in" 1965; callable April !, 1951 to March 31, cipal and interest (J-J) payable
and $200,000 in 1966* all inclusive. 1953, at 102%, April 1, 1953 and at the State Treasurer's office.
Principal and interest (J-J) pay^ thereafter at 101 %, bonds diie in Bonds were authorized at a recent
able at the National City
Bank; 1959 to 1978, are callable April election and are payable from ad
New Yofk.
Approved as to le¬ lj 1952 to March 31, 1953, at i02%, valorem taxes on all of the dis¬
gality by Chapman & Cutler' of. April i, 1953 and thereafter, at trict's taxable property within the
Chicago.
' 101%; (b) from any other funds: limitations
prescribed
by
law.
All bonds are callable April- 1, Legality
approved by, Gibson,
}
Bloommglon Indep. Sch. Diet., \ 1952: and/ thereafter, at 104%. Gibson & Boothman. of Austin.
1'
Texas :
Principal and interest payable at
:
Bond Sold—An issue of $160,? the •
Nordheim Independent !School
State; Treasurer's office, or at
090: bonds, was sold recently to the Bankers Trust Cp New. York;
District,. Texps
Rauscher; Pierce & Co., and the
Bonds Voted^At an election on:
Legality ~approved by Vinson, ElCentral Investment Co., both of
Feb. 27 the voters authorized an
kins, t. Weems
&
Francis.
of
San Antonio, jointly, as follows: 1
Houston^? and by Chapman & issue' Jof $225,000" construction!
at the basic rates. Denom, $1,000.
All bonds are redeemable at any
.
.
•
,
.
,
,
$148,000 2%% school house bonds;
^
.
r
Due
i
on
March
Cutler
1, as follows:
of
Hale
-
$16,000 from 1950 to -19531,
$17,000 from 1954 to 1957, and
$16,000 Iri 1958.
;
12,000 2%% school house bonds.
County Commissioners
Precinct No.
.
/
....-v,
bonds./
Chicago.
1
Sottth Park
(P. O.
Plainvieu)), Texas';
Bonds Sold—An issue of $150,-
Independent Sch. Dist,
Nephi, Utah
Wash,
Bonds Sold—Ah issue Of $285,sewer
revenue bonds is re¬
bonds
ported to Have been purchased, as
3V4S, by Lauren W. Gibbs of Salt
Lake City.,
167, p: 1204-—were purchased by
at par, the only
bidder. Dated March 15, 1948. Due
serially on March 15, from 1950
to 1968 inclusive.
Principal and
the State, as 3 %s,
Due in from 1 to 30
years.
;
-
Utah
County, Alpine Sch. Dist.
(P; O. American Fork),
\ Utah -•-•••
Bonds Voted
held
on
—
At
8
the
March
interest
4 (M-S)
payable at
County Treasurer's office. (
voters
WEST VIRGINIA
ap-
pioved the issuance of $1,450,000
school building bonds.
Parkershurg, ' W, Va.
ctf
Bond Election—At * the May 11
primary * election, the : voters - will
VERMONT
consider
an
issue
of
$600,000
Vt.
municipal improvement-bonds.
$150,000 elec?
trie light bonds offered March 24,
/
WISCONSIN
^
—v. 167, p. 1308—were awarded to
Fox Point ' School District (<P.r O.
Whiting, Weeks & Stubbs of Bos¬
Milwaukee)^ Wis.
r
'
ton, as l%s, at a price of 100.17,
Bond Sale—The $270,000 con¬
a
oasis of about 1.719%.
Dated :
April 1, .1948 and, due $15,000. -on struction bonds offered: oh March
Hardwick,
Bond Sale
—
The
i-
Oct. 1 from 1949 to 1958 inclusive. 18—v.. 167, p.
1204^-were pur¬
(P. O. Eeaumont
Texas
Second high bid, of 100.067 for chased .by the Wisconsin Co. -and
Boiid' Offering ^ H. N. Glezen,
!%s was made by Kidder, Pea-, the Milwaukee Co., both oi /MilSecretary of the Board of School.
w;aukee,: jointly,, as 2 V4S, at a price
body & Co?
/ ?"
.
of 100:763
Rutland,
•
Vt.
;
as 2S;
Of 100.133..
These are
the bonds authorized at the elec¬
V/zS, at a price
Dated Feb. 15,:;1948.
sive.
bonds.
,
.
-
-
v
Principal and interest (A-O)
payable
at 1 the
Marine
National
Exchange Rank; Milwaukee. T%ke
next highest bidder was John^Nuveen & Co., arid Marine National
Exchange Bank, Milwaukee, joint¬
ly, for" 2% s, at 100.417.
/
/
-
'!,"■
1
.1,
Milwaukee School District No. 1
s
..
basis of. 2.1?6%.;Dated
a
April 1? 1943.
Due serially on
April 1 from 1951 to 1968 inclu¬
Note Sale-«-An issue of $100,000'
Plairiview, jointly,
and
bonds authorized at: the
lelection held on March 6.
Ap¬
,
"
exceed 5% interest ^sehool house; tax notes was purchased on Marcfhi
Dated" April 15, 1948. Due 22 by the National Shawmut Bank!
$26,600; on April 15 from 1949 to of Boston, at 0.90% discount.. The;
1973 iliclusive. Rate or rates (hot bonds are due Oct. 20, 1948,
The!
proved as'tcT legality" by Gibson, tion held on
pec. 30;; 1947." Ap-i more than two) to be' expressed next highest; bidder was the First;
GibsOn & Bodthman of Austin.
^
proved as to legality by Dumas; in a multiple of % of 1% . Prin-j National Bank, Boston; at 0.95%, ;
& Huguenin of Dallas.
;
* Crane
; cipal • and 1 interest; (ArO) payable
{bounty (P. O. Crane) t
'
Vermont (State of)
' j
af the American National Bank of
/!/-'
r''1;."!.1 Tex'tis^:;'4 ty
Bond Offering-^L. R. Kelleyj
Jacksboro Indep. School District,
Beaumont; or at any other-insti¬ State
Bonds Sold—An issue of $425/Treasurer,
will; receive
,/
Texas
•? tution
^ mutually; agreed between sealed bids until 1:30
.000 road bonds has been pur¬
p.m.
Oh
Bond Sale—An issue of $50,000 the
purchaser and the Board of
chased by • William N.- Edwards &
school house bonds was purchased
April 1 for the purchase of $1,?
Trustees. Alternate; bids are asked
-Co. of Fort1 Worth. "The- bonds
950,000
building
bonds.
Dated
recently by Moss, Moore & Cow for bonds
maturing after April 15,
were authorized at an election on
of Dallas, as 3 V2S, at par.
Denomination
Dated; 1963; to be subject to call on said April / 1,; 1948.
/March 6.
•/ -Vr
Feb.
$1,000.
Due $195,000 on April 1
15,. 1948. Approved as to date or on
any ' subsequent in¬
•'
from 1949 to 1958 inclusive. Bid?
legality by Dumas & Hugueninj terest
Eastland,, Texas
payment date. A certified
der to name a single rate of in?
Vv."V/;
7, Tenders Wanted—G. H. O'Briei}, of Dallas.
check for $6,500^ payable to order
terest, expressed in a multiple o^
City Secretary, announces / that
of the district is required.
Le¬
Kerrville Independent ScA. Dist.,
!4 of 1 %. Bonds will»be issued in
sealed tenders will. be received
gality to be approved by Chap¬
Texas
■
coupon
form,
not registerable.
until 5 p.m. (CST). on. April 15
Bonds: Sold—An issue of $75,- man & Cutler of Chicago.
Principal
and
semi-annual in¬
of; refundingbonds, dated April
both
the
are
the
election
an
on
and interest, (M-S) payable at the
^tate; treasurer's ; office., l These
Sale—The $73,000 school
offered on March. 18—v.
Bond
000
Marcli i;/i949?Vr.;*~;; 000 rpad bonds was purchased re-i Trustees; wiB' receive sealed bids
until ? p.m. (CST) bn April 9 for
..lt;pated: March 1/1948. Principal ceiitiy by the Hale County State: the
purchase of $650,000 ?not to
Bank and the City National Bank?
Due
;
March 29, 1948
.
(P. Q. Milwaukee), IVis.
:
,
Bond Sale—An Issue of
constriiction bonds
recently,
was
.
$250,000
purchased
,
2^sr hy Paine, Web¬
Curtis; of Chicago,
as
ber. Jackson &
.
and Harley, Haydon >& Co., of
Madison, jointly. The bonds,, au¬
...
thorized at
an election on iFeb. 26,
serially from 1949 to 1968
mature
inclusive.
.
.
.
Sauk
.
15, 1941 and due Jan. 15, J946.
About $10,000 is available for the
purchase of such bonds at a price
belQwfcar and accrued interest.:
terest.
f.T.";:-.
.
rV
V'-i
UNITED STATES
-:
payable
Shawmut
;■ -r,
bonds
at
Boston.
authorized
arp
National
the
of
Bank
,
•
.
to be
by No. 34
Authorities Offei- Notes—Announcement is made of
the Acts; of 1947 for certairi
of. the call for sealed bids for the purchase of $62,113,000 notes being
public buildings.
Said Act pro?
offered" by various local housing authorities throughout the country*
vides that the payment of the
East Texas State Teachers College
as follows:
'
interest thereon and the principal
(P., O.. Commerce),: Texas.
Authorities Offering Notes on April 6
thereof as they fall due shall be
Bonds Purchased—A. syndicate
(all issues dated March 30, 1948)
a
first and prior change Upon
composed of Moroney, Beissner &
Maturity.
Name of Authority Series of Notes
Amount
the revenues of the State, and
Co., of Houston, Emerson, Roche
5- 6-1949.
-Upland, Calif. (6th)
$324,000
that
such
& Dunn of; San Antonio,, Garrett
payments
shall
be
5-6-1949
Mesa, Ariz. (7th)-_-.,-—1--——222,000
made by-the State Treasurer as
& ;Co., of Dallas, E. J. Prescott &
11- 9-1948
Los Angeles, Calif. (53rd)
^ ^ «———T' 12,548,000
the same fall due without further
Co,; of Minneapolis, and Walter,
11-9-1948
Los Angeles/Calif. (54th).___-—--—
1,336,000
order or authority. The bonds are
Woody: & Heimerdinger/ of Cin¬
5-6-1949
Holyoke, Mass. (14th).
1,037,000
exempt from taxation in Ver*
cinnati, recently purchased $750,Sr4 6-1949
Montgomery County, Pa. (6th) .^r_—560,000
mont.
The bonds will be certi¬
000 series of 1948 revenue bonds,
5- 6-1949
Camden, N. J. (17th)—— 1,393,000
fied by The National Shawmut
divided as follows:
5- 6-1948
Burlington, N. J. (7th)_____/_..——L-i-.
'379,000
5-6-1049 Bank of Boston and the legal
$500,000 3%% building bonds. Due Hamtramck, Mich. (11th)
—
1,271,000
of
Storey,
Thorndike,
; April 1, as follows: $15,000 in
5- 6-1949 opinion
Moline, III: (7th)624,000
Palmer & Dodge of Boston ap¬
1953 to 1955, $20,000 in 1956
5- 6-1949
Greenville, S. C. (6th)—
400,000
to 1962, $25,000 in
5-6-1949 proving the bonds as general obli¬
1963 to
Local Housing
City, Wis.
Election—At
Bond
The
held
on
\
election
an
April 6 the voters
will consider the issuance of $30,000 sewer and water
improvements
,
bonds?
.
Wauwatosa, Wis.
<
Bond
-
Offering—W.
Clerk,
City
will
^
T.
Whipp,
receive
sealed
bids until 4 p.m. (CST) on April
20 for the purchase of $50,000 not
.to
exceed
3%
interest
school
bonds.. Dated April 15, 1948, De¬
nomination $1,000. Due $10,000 on
March
15
clusive.
must
1949
to
1953 In¬
M-S,
Bidder
furnish
agree
to
and
legal
bonds
own
,
from
Interest
printed
opinion at *his
expense.
——
Lakeland, Fla. (8th)„.——
188,000
94,000
335,000
314,000
——
1967,; $30,000 in 1968 to 1971, Mississippi Regional No. 1 (8th)
—
and $35,000 in 1972 and 1973.
Mississippi Regional No. 1 (7th)---———
250,000 4 % building bonds. Due Brownwood, Texas (7th)—
April 1, as follows: $35,000 in Houston/Texas (26th)
<
/
in 1977,
$45,000
in 1978.
and $9Q;000
.
.
:
4
'5- 6-1949
5-6-1949
5-
2,186,000
-
—.
1974, $40,000 in 1975 and 1976,
5-6-1949
.Bernadino, Calif.' (11th).——
.>
1,230,000
Richmond, Calif. (7th)—.
605,000
Contra Costa County, Calif. (8th)—._—
889,000
Clackamas County, Ore. (7th)—
r 496,000
New York City (221*0,.—2,299,000
St. Louis, Mo. (37th)--—5,828,000
St. Louis,. Mo. (38th)—
564,000
Brownsville, Texas (5th).
...
205,000
Fort Smith,'Ark. (7th)..iJ..1.—.:
655,000
Dated April T,; 1948, The entire
bears interest at 5%% for
,
the
first
4
years,
evidenced
by
two sets of • interest .coupons. One
'set of interest coupons has been
detached,
resulting
in
a
public
(all issues dated IMUy
an
Angeles County, Calif. (36th)
on
900,000 school and water distribu¬
improvement bonds:
WASHINGTON
2-25-1949
of
No,
113
11-30-1948
Sale Details—rln connec¬
of the $60,000
school bonds to the State, as 2V2S,
as
Johnstown, Pa.
i;326,000
:S-1,075,000
5-27-1949
dated
5-27-1949
112,000-
4,897,000
5-27-1949
Superior, Wis. (7th)
608,000
266,000
—v.
the
bonds Were
Feb.
1,
3%
1948,
Scotia,
464,000
(8th).——-
Tarrant, Ala. (7th)—_
Southwest Georgia Regional
Dallas,
Texas
(27th)—
2———-
(4th)——--.,
Denver
5-27-1949
457,000
5-27-1949
(City. &. County of), Colo. (24th)_
:
1,284,000
Providence, R. I. (41 st_f_ .217,000'
Fayetteyille, Pa. (6th).
Island, 111. (14th);
—
Rock
.5-27-1949
.
442,000
Ontario
;
Bond
chase of $80,000 not to
awarded
McKdmey,
the bonds, authorized
tion held
on
March 6.
exceed 4%
at the. elec¬
-
-
Anderson
&
i
(Province of)
—
An issue of $40,-
refunding ; bonds / was
March 15 to
a syndi¬
by Wood, Gundy &
Co., of Toronto, as 3s. Dated April
15,; 1948. Due on April 15, 1965,
callable April 15/,1962,4 Principal
and interest
(A-O) payable: in
lawful money of Canada.
/
;
cate
interest building bonds. These are
2-25-1949
Sale
000,000
District Clerk, will receive sealed
bids until April *13 for the pur¬
2-25-1949
329,000
964,000
5-27-1949
'2-25-1949
of Halifax,
curities, Ltd. of London, at a price
Second high bid of 91.50
was made by Bell, Gouinlock &
Co. pf Trenton, ,:
:
King County, Bothell Sck. Dist.
No. 46 (P. O, Bothell), Wash. "
Bond Offering—Ella
bonds
of 92.35.
5-27-1949
171,000
1,734,000
....
Dallas, Texas (26th)—
1963, all inclusive. Any or all
fronds maybe redeemed at par, in
inverse numerical order, on and
5-27-1949 after 5 years from date. Approved
as
to legality by Preston, Thpr5-27-1949
grimson & Horowitz, of Seattle.
335,000
Selma, Ala.
construction
Co., of Toronto, and Midland Se¬
9-31-1948
Dpthan/ Ala. (7th)—
$98,000
awarded March 23 to.
a syn¬
dicate composed of Bank of Nova
and mature
1, as follows: $4,000 from
1950 to 1959, and $5,000 from 1960
to
sidewalk
was
sold at par, are
5-27-1949
Milwaukee, Wis. (4th)^^..L..^.—
Miarch 25,
25, 1948.
Bond Sale—An issue of,
Feb.
.
2'. ;■I—1
Dated
was
average
Cochrane, Ont.
reported in our March 8 issue
167, p. 1096^—we learn that
5-27-1949
(5th)___.
an
ONTARIO
tion, with the sale
^5-27-1949
Pittsburgh, Pa. (63rd) 1
at
Bond
(
; 5-27-1949
March 24
on
1948 and due 'June
Wash.
5-27-1949
$75,000,000 Treasury bills
sold
Sch. Dist'.
yield of 0.411%.
(P. O. Vancouver),
Clark County, Ridge field
of)
Sold—An issue
Treasury BiHs
2-25-1949
Woonsocket, R. 1. (13th)-__._,T__.___—
Atlantic City, N. J.
w,
Canada (Dominion
tion system
.Hartford; Cqhn? (45th)-....^__z^_--.J»: ^4,358,000
(7th
voters ap¬
of $59,000
Will consider the issuance of $1,~
2-11-1949
5,742,000,
»'
election
March 23 the voters
to be held
2-11-1949
401,000
the
the issuance
system bonds;
an
election
2-11-1949
Sacramento, Calif. (10th)949,000
At
—
March 9
on
sewer
Vat.
Election—At
20^ 1948)
Saciamento'County, Calif. (8th).^
Los
Martinsville,
Bond
Voted
proved
2-25-!949
Authorities Offering Notes April 27
r
VIRGINIA
,
r
—
Bond
;
;
,
held
6-1949
2-25-1949
—
Shoshoni,,Wyo.
without
purchaser
.
2-25-1949
,
issue
the
charge.
2-25-1949
San
WYOMING
gations of the. state will be fur¬
nished
on
headed
@FedFRASER