The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
3-
-:-:'-:-5:-
MONDAY
y*>£
,
*\ u-j,'",
Reg. U. S. Pat. Office
165- Number 4573
Volume
New York, N.
Y., Monday, March 3, 1947
Price 75 Cents
a
Copy
General Corporation and Investment News
RAILROAD
PUBLIC UTILITY
-
Adams Express Co.—Annual Report—
r
Gillies, Jr., President, on Jan. 24, said in part:
\ ,* '
Net income, not including profits or losses realized upon the sale
of securities or other properties for 1946 was $1,195,765 or 80 cents
.""George M.
INDUSTRIAL
■
INSURANCE
-
Acme Aluminum Alloys, Inc.—New Director—
Dr.
Hugh
S.
Cooper has
been
elected
member
a
of
per
of
per
share compared with $872,984, or 59 cents per share for 1945.
distributions
Dividend
the
1946
year
totaled
cents
80
a
Dr. Cooper,
director of research for the company, formerly
position with Kemet Laboratories,
Inc., which he
similar
founded for Union Carbide & Carbon Corp. in
by
of
Express
Co.,
per
to
This
In
posited
debenture
with
from
American
from
Adamex
trustee)
International
Securities Corp.
Stock and Bond
1945
$1,332,968
deposited
obligations
trustee.
.
$1,809,697
$1,686,220
Cincinnati
112,498
'M 83'211
Cleveland
■
Other Income
;
Total income
I
Salaries
of
employees' retirem't plan..
1...
13,988
Provision
fees
—
for
other
for
contingencies.^—
V;
Los
Philadelphia
44,277
actions
profit and loss fr. trans-
(before
in
St. Louis Stock Exchange....1—
'
77,205
Montreal
100,000
Total
^
Dividends
paid
'
-
$5,283,153
1,211,725
end of year
;
Net realized gain on security transactions——
Earnings per share
—
Is
presented
which
only
would
be
the
of
sale
the
on
included
on
97,093
$0.80
**
\
\
company basis;
Southern Express Co.
single
for
the
on
of
(after elimination of intercompany
dividends
interest income of $4,757 and deductions of $2,004.
BALANCE
General
*
Adamex
international
Cash
U.
S.
i
Govt,
obligations
(at
cost)-.
Federal
Amount receiv. for securities sold—not
receivable—other
Gther U. S.
Govt:
12,803
'r:;, 194
delivered
.
lV-V
794,
♦6,903,914
1959-1962
$34,300,146 $41,215,675
—
liabilities—
4,-v'
Funded debt—noncallable:
v
'
$37,972
66,584
59,359
Collateral trust 4%
Collateral trust 4%
surplus
arising
since Jan.
1
1,241,500
'
1,375,500
tl,633,500
1,477,187
,
.
4,633,500
———-——-—40,595,178
37,260,691
from
transaction
—
Drl6,336,429Drl6,432,397
4,149,796
4,353,418
1935..
Earned surplus —I.
.
'i
—
1,477,187
securities
in
tlO-year 4(4% debentures, due Aug. 1, 1946—
Total
———
6,883,500
$34,300,146 $41,215,675
-
^Deposited to provide for payment of 10-year 4(4% debentures at
maturity (Aug. 1, 1946).
tAs to which U. S. Govt, obligations have
been deposited with trustee to provide for payment at maturity.
tOn
Peb.
21, 19471 it was announced that these bank
retired.—v. 164, p. 2401. ■• Vy./v']>'.
SPECIALIST IN
FLORIDA & NEW
,
The
Feb.
loans have been
Telephone* HAnover 2-2CC0
year
with
in
corporation,
make
the
operations
company
deficit
previous
a
bank
of
DEC.
SHEET,
and
which
hand,
on
operates
Administration,
Borne's
Air
13.
profitable
within
'
the
operated at a loss of
$16,647, made a total
,
'
■
31, 1946
$1,063; accounts
fleet of
a
J.^.E,
planes
Rogers,
six DC
Douglas Sky-
3
maintenanced
are
announced
President,
at
a
on
in Millville,
base
i
Executive Vice-President Elected—
Colonel
He
is
John
Stone
N.
director
the
of
has
been
elected
Executive
Vice-President.
for the past 10 months he has
been chief of operations of Air-Borne's principal base.—V. 165, p. 1061.
:
Inc.—Offering to Stockholders
a
company
and
1
the
(b)
tho further right to
shares
as
he
Cost
to the
portion
rights evidenced by
however,
New
shall
Total
Accel,
Prov.
capital stock of the com-
214,890
in full
consists of 500,000 shares ($1 par) common stock of which
are
outstanding.
Should the present offering be subscribed
there will be 429,780 shares outstanding.
warrants
$2 75
per
company
which
share
amort,
of
.
for
Federal
Net
doubtful
excess
tax
plant facil.
per
20,797
$1,398,848
44,233
45,303
27,860
*16,763
44^300
*8327600
10,413
*
surtax—*
jCr398,985
133,500
/
132,400
$102,687
*
$224,772
$372,853'
134,905
profit
credit
After
$1,378,051
36,057.
—
accounts
Earnings per common share
♦
$511,793
12,310
—
and
42,790
12,207
16,939
profits tax—
normal
Federal
emerg.
$3,046,074
$3,088,863
$2,507,656
2,003,070 _1,710,812
$499,586
——
charges
69,932
"
k
t$256,636
————
expense
9,824,759
2,774
42,866
134,905
134,905
$1.67
$2.76
Dividends
also had 15,000 authorized class B
would entitle the holder to purchase stock
warrant, exercisable during the two year
period following Feb. 20, 1947. All such class B option warrants have
been cancelled by the directors.
; ^
;
Until recently the company also had 50,000 class A option warrants
outstanding, entitling the holders to purchase stock at $1.75 per share
the
recently
Until
income
$2,504,881
t$299,502
—
Miscellaneous
York.
CAPITALIZATION—The present authorized
at
$1,131,285
1,430,787
;•
—
be
pany
option
$1,079,511
51,774
-
Interest
9,935,623
71,892
earned
income
Other
4,182,369
—
—
1944
facil.
gross profit———————
admin, and gen. exps——
Total
;
1945
1946
$5,261,881 $12,512,397 $12,940,765
normal depreciation-
Profit
subscription warrants, in the
';'v.
—
plant
emergency
of
profit
Selling,
oversubscribed.
Subscription warrants may be exercised immediately or at any
time prior to 3 p.m.
(EST) March 11, on which date they expire.
Subscriptions should be made to3Irving Trust Co., I Wall Street,
offering
the
that
of
;
*
sold
goods
Commissions
to allotment in pro¬
Xv
—
—
excess
Gross
share of stock for
L
subject,
of
in
subscribe at $1 per share for such additional
desire,
may
sales
Amortiz.
by him;
held
share
at $1 per share, one
Associates, Inc."—Earnings—
Years Ended Sept. 30—'
Net
subscription warrant is given:
purchase,
right to
(a)
for
prior year Federal taxes
on
Internal Revenue Code.
$0.76
—
retirement
debt
of
tLoss.
$92,500.
^Recoverable
income based on carry-back provisions of
'/•
" ■ ■'
•
T'Tv
depreciation and amortization" of property,
plant and equipment, and for amortization of leasehold improvements,
note—Provision
for
CORPORATE FINANCE
Trading Markets in
SECONDARY MARKETS
Over the Counter Securities
GEARHART &
COMPANY]
45
NEW YORK 4, N. Y.
Teletype: NY 1-573
New York Security Dealers
Members
1922
Bell
to
1946
sufficient
'
company, with offices at 160 Broadway, New York, is offering
subscription by its stockholders of record Feb. 20, 1947, 214,890
($1 par) .' common stock at $1 per share.
Each stockholder,
JERSEY
qAllen & Compan y
:
,
Philadelphia,
v
department
Established
'
at
J.
N.
INCORPORATED
30 BROAD STREET
Cleveland,
at
/
stops
trains, has been granted Certificate of Operation No. 1-27 by the Civil
Municipal Bonds
municipal
be
calendar
Aeronautics
'
— ;i
stops
Granted Certificate—
•
shares
172,489
1,375,500
bank loan, due Dec. 31, 1954.—
Common stock (par $1 per share)—*
Deficit
86,505
1,241,500
bonds, due June 1, 1947—
bonds, due Mar. 1,1948.J>
follows:
as
•••:'■
LIABILITIES—Notes payable, $53,333; accrued taxes, $6,835; unpaid
salaries, $13,333; accounts payable, $49,918; notes payable (purchase
] money secured by chattel mortgages payable In monthly instalments
of $3,7R8 exclusive of interest at 4%), $73,195; common stock (par $1),
$214,890; capital surplus (proceeds of sale of 170,780 shares of common
stock after deducting underwriting discounts and expenses of $13,176
and less $170,780 (par value) allocated to common stock; al6o proceeds
from sale of 50,000 .shares class A common stock warrants sold for
5
cents each),
$67,383;
earned deficit, $152,405; total, $326,483,
The
for
event
2(4%
Capital
$163,782
!
•
routes
months.
which
Air
Air-Borne Cargo Lines*
each
:£t:,
Accrued interest inch unclaimed matured int.—
Accounts payable, accrued taxes and expensesReserves for contingencies.
■
two
intermediate
,
200,000
by the terms of the
Total
•
expenses,' would
receivables
$22,614; materials and supplies, $9,514; fixed assets, $262,972; deferred
charges, $30,320; total, $326,483.
2,755,194
2,267,984
40,787
57,616
with
BALANCE
1228
System
Reserve
estimated
follows:
of
6,656,575
——-—
bonds, 2(4%,
and Payable
Louis
St.
Chicago.
ASSETS—Cash
Banks——.—-——1228
Reserve
Federal
•
3,937,232
63,872
—
Accrued interest and dividends—.—
Accounts
Clearings
of Bank
payment
*
Condition Statement of Member Banks of
3,758,006
.*„.
■
retired.
now
operating loss of $152,405 at the end of 1946.
1225
1228
1227
1228
—v
...
Course
Dividends Declared
1945
6,806,420
200,000
——_——
are
the opinion of the management, now reached
where, through elimination of non-recurring development'
and substantial economies recently effected, estimated rev¬
the
$135,738,
1225
Corporation and Investment News.1181
Offerings
—1239
Notices
The
two
For
$19,521,618 $22,333,281
Corp.—
Corp
•'
;"v:
to St. Louis with intermediate
Cincinnati and Indianapolis.
should
enues
next
Redemption Calls and Sinking Fund
SHEET, DEC. 31
securities
portfolio
Securities
—
point,
expenses,
State and City Bond
only amounts
consolidated
$30,000) are
;•
American
Markets
to
New "York
the
1208
Company Consolidated
cost:
The
persons
The company has, in
,
Miscellaneous Features
a
1946
cancelled.
been
by
"
_ _
...1223
Exchange
York
Baltimore,
Foreign Exchange Rates—.—_.....-.-._1228
Combined Condition Statement of
assets—
held
outside the
Rogers, President,
without charge, to the company
application seeks certification for
New
(2)
1208
General
Investm'ts, other than U. S. Govt, obligations—
at
.
Stock and Bond Averages.
Dec.
basis
have
and
were
and contributed,
after
company,
Detroit and
—.1221
1221
1222
1222
.
Transactions New York Curb Exchange
12, 1946 of the investment in
Southern
Express do., the wholly-owned subsidiary whose accounts
had previously been consolidated with those of The AdamslExpress Co.,
the statement of income account for the year fended Dec. 31,
1946
view
which
■
(1)
Transactions New York Stock Exchange___1208
$4,353,417
322,107
;
$0.59
.
_——
NOTE—In
.—. .
Exchange—
Curb
Stock
Over-the-Counter
929,736
$4,149,795
Balance,
.
Toronto Stock Exchange—Curb Section
$872,984
4,407,669
2,500
stock——
common
on
'
,
4,162,333
3,423
Exchange
Stock Exchange
Montreal
21,417
>;
Francisco Stock
San
40,000
,
$1,195,765
—
Stock
Pittsburgh
$5,361,521
securities)
Exchange.
...
Exchange........
Stock
the
'The
1220
1220
...1220
Angeles Stock Exchange....——*
Toronto
Net income
1219
1219
104,680
■'
1219
_
292,549
•'
-——
—
Balance, beginning of year....—
*——
—*
Adjust, of prior years' Fed. & State taxes (net)
.1218
Exchange..
Exchange.
Exchange
Stock
27,446
19,304
taxes.——.L—
Provision
Provision
Stock
Stock
12,000
income; taxes—38,000
Federal
for
Detroit
To" 450
—11,250
General legal
tees———4——
11,000
Expenses of corporate trustees and fiscal agents
30,374
Other expenses
">
45,877
•'Interest on 10-year 4(4%
debentures..*....—.
170,654
Interest on collateral trust 4%- bonds
r
104,680
Interest on
bank loan
v—
s—-——*.*.>..1..
56,306
managers'
Exchange
Chicago Stock Exchange
/
Current contribs. to
Board
24,500
] ]:■
*
—-
Exchange
Stock
75,666'
,
consideration
warrants
...
Page
York
58,758
,
—
Stock
Quotations
<
(Stocks) t—.
1197
(Bonds).......1208
Curb Exchange
.1213
Baltimore Stock Exchange.
1218
Boston Stock Exchange.
...1218
l>.
>>,,
York
New York
New
6,900
Govt,
S.
U.
on
debenture
with
-k
'
>
New
246,186
*'.:and ''compensation
Interest
*'
11
$1,401,650
Corp.— Ci342,532
(interest .
h'
without
such
be
approximately $212,000 to be used as
]
(1) Payment of current obligations (other than principal payments
on purchase money mortgages)—$79,500.
*':i
(2) Reduction* of principal on purchase money mortgages on aircraft
—$15,100.:
■
v-'--*
"(3) Balance of $117,400 as working capital.
•No underwriting commissions or discounts are to be paid in con-'
Ktction with this offering to stockholders, although the company has
received, without charge, the advice and assistance of Greenfield,
Lax & Co., Inc., in the preparation of this offering.
Arrangements,
however, have been made whereoy that firm will undertake to use
its best efforts to market to the public any portion of the shares not
subscribed for during the present offering.
v
The company maintains its principal operations and
maintenance
base at the former army airfield at Millville, N. J.
•
"
The hearing before the Civil Aeronautics Board of the company's
application for certification as a scheduled Air Freight Carrier has
now been concluded and the company is awaiting the board's decision.
Issue
Company Consolidated
from general portfolio securities and
U. S. Govt, obligations (other than those de¬
Income
option
PURPOSE—Should the entire offering be subscribed, the net proceeds
Income
Income
A
Accordingly all 65,000 options warrants
INCOME AND EARNED SURPLUS ACCOUNTS
1946
of
his own expense,
and cancelled.
'
Ended Dec. 31—
holders
at
non-taxable to the recipients for Federal income tax purposes.
Years
the
class
management have
management have recently been purchased by,J. E.
total distributions for the year 1945 of 65 cents
present opinion of your management that as
long-term capital loss realized on the sale of Southern
dividend distributions for the year 1946 will be 100%
a
the
balance
1921.—V. 163, p. 3413.
the
is
It
share.
result
a
during
held
such
All
with
compared with
chare
per
directors.
year period following Feb. 20,
warrants held by persons associated
recently been surrendered to the company,
warrant, exercisable during the two
"1947.
board
the
*
MISCELLANEOUS
-
NASSAU
Telephone
REctor
2-CG09
.
STREET,
Association
.
.
NEW YORK 5
Philadelphia Telephone
Enterprise 6015
Bell Teletype
New York 1-576
*
Troster, Currie & Summers
'
Members New
York Security Dealers
Association
Trinity Place, New York 6, N. Y.
Telephone HAnover 2-^400
Teletype NY 1-376-377
Private Wires to Buffalo Cleveland Detroit Pittsburgh St. Louis
74
Mh
'•>
1182
to manufacturing and other
in 1946, $239,150. in 1945 and
charged
$73,943
y",
:» .•
THE COMMERCIAL & FINANCIAL CHRONICLE
;>£-<:i---\ • ;/'?K
£/■':..,-y,
v.
\
,
redemption
for
'
''
©I*
/v,'Monday/March-3.
;1947
Class "A" stcok, optional dividend, series were called *,
at $55 per share plus accrued dividend, of 50c
^
*"
A AAA
1 vi
Jkvrviir I AH
VPu
convertible
$3
totaled
;
Vy./,/^/ *>■'.;£
BALANCE SHEET, SEPT. .30, 1946
•
.
.
classifications,
expense
$197,414 in 1944.
£
'
through
$3,500,000
,£/ASSETS—Cash, $200,102; accounts receivable—trade (less reserve of
$44 000),
$733,426; recoverable prior year Federal-taxes on income^
based on carry-back provisions of Internal Revenue Code; less deferred
littal instalment of
taxes for preceding year^ $369,369;
Inventories^
$1,966,870; other assets, $43,481; property, plant and equipment (alter
reserve
for depreciation of $1,014,915),
$528,047; deferred charges,
,.£
£ ,£. ££l"£ ££?£/:
£> £':££
payable—banks, $530,000; accounts payable—
sundry, $527,190; customers' deposits, ..$20,611;. withholdings.
©f
employees'
income
taxes,
$18,895;
accrued liabilities, $119,044>£
Federal taxes on income of prior years—estimated, '$14,380;- common
stock
(par $1), $134,905;
capital surplus',$555,0241 earned surplus,
$2,080,918; total, $4,000,968.k '
i jij
$139,665; .total, $4,000,968.
1')
LIABILITIES'—Notes
trade
and
Opeh
Prov,
•
.
Credit Agreement—
Bank
£\£
:
for" income, taxes
'*■
-4Net
-
Divs.
/'£ '"■J 'Si':'''
jL;—
f
:
income
Profits
^
taxes & int. ■'
exp3.,
" "V 4
.
sale
on
of
$923
1378,156241,o4d
sec.
class
on t con v.
Amorti
'Gilbert Colgate, Chairman of the board of directors, on Feb. 1$ an-;.:
I.. * stock qpll. div. series
nounced that a revolving credit'agreement had been executed with the
CI. A 'sue. paid in cash ]'
Blew York Trust Co., New York,* N. Y., providing for borrowings aggre¬
Div.
on? cl. B stock—
,
gating $1,250,000 and covering
piring June 30, 1949.
Interest
borrowed
and
V* of 1%
than two years ex¬
rates are fixed at 2%% on moneys
the unused portion of the credit.—V. 165, p.
'
r- ; ' £ •"
w- •
.•
<•--
on
677.
Great
January—
Gross
Wet
*
'•>.<
from
ry.
income—
oper,
165,
1947
.1944
$2,178,009
967,666
$1,822,894
103,597
234,765
4^630
31,
of
"'*•
,,
Portion
Trust, Boston—Circuit (Court Up¬
,,
'j
\
for
an
vehareholders of
order, directing
'
value
par
Serial
Class
($25
stock
A
of
calling
of
90,385 shares
0,385,
on
decision
The
manded
that
to
the
of
lower
for
Court
Court
was
further
and
affirmed
in
proceedings
the
case
with
accord
Total surplus
;
of
vertigo
$5
©f
'gross
the capacity
trust,'
of
abuse
and
of trustees
enjoined
were
Class
£ ; Amer.
m
,
this
Class
A
rT
5
Attorney Edward O. Proctor and Edward F. Goode of Boston, Mass.,
appointed receivers by Judge Sweeney with power to reorganize
(the papital structure of the Trust or liquidate' the Trust anil distribute
A
}
&
M-mg-
yr
dividend
Fr.
Cash:
'
11
"
v
'
,
—
V
y
>
„
*
United
A
District
States
to
Attorneys Hugh D.
in
♦
the
Securities
Court
order
McLellan- and
and
Capital
allowing $50,000 compensation
William
Hession
J,
who
Commission suit against Aldred Iivvestment Trust/ as counsel, for the Trust, was reversed by the United
States Circuit Court of Appeals.
.v" /v '
An appeal has been made to the Circuit Court by Frank Bailey,, et al,
representing a New York group of intervenors who purchased a cop-
?'
of
eau"
Feb.
Aldred Investment Trust.
164, p. 3137.
25).—V.
,
/
♦
H.
'
•'
Ba,
eam
^
cable .to the month of
.
;
expenses^.
f
each;
>
were
follows:
as
March
30,
and Dec. 21, a year-end of 80 cents.
March
and
29'
June
Sept.
30,
40
Net
Income"
!'1
t
r■■frrf
Vi__ "
i__—/
'
....
■*v"
'
''
11
.
to
„
Batcheller ulso reviewed 1946 operations before the
boarp,
revealing that the corporation and its subsidiary companies had net
earnings of $6,599,346, equivalent to $5.12 per share of stock. Earn'tngs represented 1% of the corporation's total income.-Net sales and
revenues,
amounting to $95,277,573 for the year, compared with sales
end revenues of $100,401,059 for 1945.
v;
'.VI./J-/..--:•
'*•:
Dividends
came
;
,
rate
of
$2
per
share
paid
were
has prevailed
that
since
during
1946 representing
1942.
.'
as' of
$29,538,792 ^
1945.—V. 164, p. 3138
k
5 3i
Dec
'
X
•
194i
!
•
valued'
at
market
l:r
'
'
y*
V
Allied
Control
highest
in
the
Cash dividends
Dividends
.4946.,i.
«/.//_"■
received
in
6,024
S.
1946
/
■
-.,'■
senior
Co.
Mr.
partner
.
..
Conroy
.
when
that
.."
is
Philadelphia,
and
Thomas
-
-
company
r.
■
Executive
merged
with
loan—,....,
/-
/
40,556
$525,437
"33,525
■s
-
62,313
♦Net
35,551 - X 5,805
IT'2~643
and
a
Fw'u20t-ai^lounce<i the
Tnfin^oa?s:T Wab&sh RR.
RR.
for
25p
Barney
directof
of
on
stock:„U__/
common
stock___^,_£
was
£
result
a
of
_
stork
common;
shbro/ as
value bf
credited to
£
the
-
long-term-capital
-
Federal
loss
—^
■i.r/Dvt-^^194611V
.securities- and
'
'.
*
•
Allied
Machinery Co.
of
Net Ihcome for
on
sales
1945
ii;
'
•
»
-
(
^
"
^
-1945
1945
-<
•
l 290
-
$893,381
3,600
-
tax
$902,802 I $896,981
66,760
-
9*016
•
..
p/200
V
..
72
20©
5^000 ''
♦
00©
6,0
^
I*'-/ -■•'-K-i-
lO,654'
8,419
30,150
-'ys.
23,963
13,234
123~313
_\-
;
192,-021
28,000
19,50©
.12,956
19,874
60,00©
.y?-*
profit'"and 'loss/.X !1\ .'y:*
year" (before
"»«9m,nwua
of
m
OCI;uhuc^
v
££$601,180
:
year_t„^_l
<
_
,
j
from
taxes
of
recovery
paid
under
N.
protest,
Y.
State
legal
$547,332
fee with
"'•£ /
Adams
1944.
paid
on
redemption ef loan from The
-.
,
X
Co.
BALANCE SHEET,
£-
on
securities
sold,
i
p.
2402.
./;.._■:v'/y;/■' ■'/•;/;'"-£
American Hide & Leather
Co.—Earnings— '
6 Months Ended Dec. 31—
Vj k ♦Operating- profit
vpvAoivm^ p
£ 'Reserved fof- income
v'-Jl/'ltf 17-IS;
•
/
-
v
!*1
1
1
■
taxepj
:»«i ■■■(:•
Vs :1i
■ ■'»
I'K
1946
i
1945
General
Accrued
-
j
$374,048
and
^.'.J
-$725,361
$187,024
$1.08
$0.14
bank
loan, due
stock
Capital
.
repairs, depreciation, and reserves for expenses "and 'all other
charges, including provision of - reserve for
inventory and purchase
commitments,
ton 585,450 shares.—V. 164, p. 2150. ./
•<
; \_-
delivered
*
^
./.iCOOB AVll
.
1,841375*
1,100.000*
/ 50,288:
52,020".'
44,7321
•
•
1,255
v
-.V:
'•
-1.
■'/'
■".•
/»
1,279-
.
'
■
Jan.
1
/--••
*'
.•
Total
■•■'
$320
41,920
1, 1S54—
1'
surplus
y
-a
3,500,606;
dividends_/_i._^_______/,_ ff; 67,483
surplus
$3,850,000
1,000 000
2,531,186
10,665,416
■'
'
J
3,71434,315
60,00©
5,350,000
1,000,00©
2,531,18©
9.047,772
$18,088,843 $18,026,988^
"Represented
company
1.,
2,6O8T?76:
7
interest,
"Common
i
$18,088,842 $18,026,987?
LIABILITIES-
3%
$0,48'
—
receivable—other
Earned
187,024
$0,047,772:
f
1946
•;
_______
Accrued
30®. •
securities____i,____/u__££ $12,458,5(4 $14,763,85©
Accounts payable, accrued taxes
and expenses/Reserve for
contingencies..
;
$1,581,427
:856'066
■
>
38,00©
$0.60-
,:/p//i.£/' -.vf-i
Amount receiv. for securities
sold—not
Total
":1
portfolio
interest
♦Accounts
■/•
,cSmpar?d: ti-JiKNet profit __L__£_-_uifiiL_LLuiiL_2aiii.-_Lw"
SsSo'pe? utEarningsiiper commontshaaeu^iilUj/iJLi^L.,;,,,;
.
•
t;
..
£/'■;,■-£•/£-
♦.
Allied Machinery Co. of America-^Cash.
"iUv.Sv. Government obligations—at. cost—
$247,363;,-net,.losses
Dr$7,138,864;/total, $9,680,822.—V. 164,
-
/v,r£
DEC/ 31
•Investm'ts, other than U. S. Govt, obligations—
at bock values: /i/.'.K.v-//
-K~;-///.-/
rpy^:T;^fi f?:-
$4.50 preferred stock, series B,
ASSETS—
:.'vH#
%
$10,665,416
bank loan, due
sharps no part, $2,750,TO©; common''Stock (355,500 shares no"
par),
$355,500;
option
warrarrts,;$585; capital surplus, .$9,796,540;;.
undistributed investment income,
$1,611,082; reserve for payment: of
■
-.■■ '-..
^.j'£ ;/-*jU•i'Hi
£■%■•
payable
and
accruedliabilities. ♦ $57,717;
July 1. 1950, $2,000,009;/ $4.50 preferred stock
on
'
■■
,
'/ '
f
'j
-■
■
■
vi*T-f-di
450,000'
3,883
Express
.-
■
$9,539,072:
$11,219,299
Premium
"
•
,
33,00©
♦
in 'the
■
i-;'-v
♦Dividends paid on common stock_K
2/_^/Ki£r£
550.00Q /•.
Contribution to employees'retirement/plan for ./' /;■■/. •<-.
■■-,
Past services (net)
293 475
3t9,050
in
"■
•-£f-r_i_;___;
Accounts
(27,507
K
b.v"
/--•
£.
;£.£ 16,48^
!transfer.-
less
/--
$553,7218
;
of securities
and
Credit
K
accounts receivable, for securities
securities, at cost'/(quoted market/ Value
LIABILITIES
wn<£
con-
./■V/'.V./; ;,:/■■;
America
V—_i_—
r,r>
8,019
208,610/;//
216,245
BALANCE SHEET, DEC. 31, 1946 '
.secured
933.;
in
»>
-
-
■
70;220
$438,253 £/
/
.surplus,
sold, $49,077.; investment
"$13,022,000 >, $9,344,891/ total, $3,680,822:
and
income' tax
realized
;I I'W % v*9$-.'
"w
ASSETS—Cash in banks, $268,854;
,
cars;
were paid.
(90,385) of
/upofl? /the sale
$601480 hi 60 "cents
f
obligntions_.^^^4_^^ii—$901,319
from
compensation
Balance/- beginning
/
"
and
Annual Report,
outstanding shares
as
1:
receiPt of orders from the
aggregatin.^ ^-^O-OOO
£
*124,12$;
1511,920
After
the
realized
was
tot which $366,199 from 'undistributed
investment income aecrimulated. since June 30, 1938; $105,979
from uet, capital gains and $39,742
from "undistributed
investment income as of June 30, 1938." which
of
Equipment Orders
Lrrketanrirednfh^%Sset ValU? Was $4'49 ^er
sha^e at Dec. 31? 145. $5*75 per share and asset
BubBeque&lylGon19Oct Van,kn^oa"s
H
y,
Oct. I, 1946 all
preferred
on
Central
steel box
box cars;
50-ton box cars.—V. 165, p.
with
-194(1
or
-..Other
30,241
,
/;k
12,303
$432,340
on
(future dividends
American Cities Power &
Light Corp
Dec* 31, 1946 the
closing market price of
losses
or
for
.
Conroy
Co.—500 50-ton all
.0n«^ RR. Co.—200 50-ton steel
Erie
p
income
Dividends
Dividends
J
Vice-President
profits
/'
£ $477,775
9,047,773: £ 7,606,226
Not-.
rpflti7pr?
(rain
cov.nv»+«
(•
:
1,569,731 / '1,405)589
;';,• /Adjust, of prov, for prior year's Fed. inc. taX-U / "
z'/K/V 615
9
$697,619 i/;v Adjust, of res. for invest, in Allied Mach'y Co. :/ •'
£:£/£>/'■:
/'
of America
>:; 35,41-1
/•'*■'-
"
"Computed without regard to net profit
of $1,076,414 in 1946,
$7.13,247 in
Smith,
,
American Car &
Foundry Co.—New
t
bank
amount
M.
-
v
.oy,(Uv>
J
a director of S. A. Gerrard Co., and Fred'k A.
Bchmidt, Inc., and Vice-President and Trustee of the
Cincinnati Bureau
©f Governmental Research.
He also is director of the Ohio
Chamber
©f Commerce.—V.
164, p. 3137.
WhSL & ? 1;
Wheeling ? Lake
on
paid and accrued--..^.
Federal income taxes^_--a__i_^.-.«..---
T£*.S?"°* Clncjnnati.
-
-,
jwvvn^
■
-.57,269
Taxes
Cincinnati/ have been elected directors to
replace Chandler Hovey Qf
Boston, and Charles Rheinstrom of New York
City, who recently
resigned.
-,■..>££
y/.r'./v: /--■
'•'/
v-/. -.-Mr. Chester is director of J. P.
Morgan & Co., Monsanto Chemical
Co., Providence Mutual Life Insurance
Co., Philco Corp., and is a
member of the Business
Advisory Council to the Secrtary of Commerce.
Prior to the last war he
had been with E, B. Smith Co., becoming
itir'Reservation
1944'
.#
$587,851
'Expenses
Airlines, Inc.—New Directors—
of
including
u- S. Govt.
t
^
but
~
income^_'^^V„„___.4.w
gross
Interest
corporation's
debt,
'
forother-;
.Provisionf p ycQntihgencies-
Co., Inc.—Chicago Branch Acquired—
Oheston
included'
165, p. 333.
♦
Income
;
funded
Interiiatiohal.Covp,—Annual Report—
e.s' t^:'LPresWen^0n'.?anv24, said in part:
not
xears untied Dec. 31—*
v'/Veatrs'.;End€4--l)eo/"31-^'^*Vv-H.:(;-v/
;i
$468,168$616,914
.<i", 8,826
■•V".
Total
I
S
Charles
11 Loss.- -V.
Provision
1345;/
■
$573,001
securities^///
Interest-
Is is announced that the
business, equipment arid all personal
iroperty of the Chicago branch of this corporation has been
acquired
ly American Relay & Controls, Inc.,
Chicago, I11.--V. 162, p. 1761.
American
have been
approx¬
•
'i.
■
retirement, of
the amount which coiild/be obtained/in iaotual
$410.81 per share of preferred stock and, after"
.
the
the
reduction
'Income-from-general .portfolio
assets/ of
quotations//.the //net
rather than
A.v', (A-v,.
were lower thpn during
stainless steel production totaling
r
See Note (t )' following,
?These
out of the accelerated depreciatioiK
arose
and
®ee"cn with the sale of- Allied. Machinery'Co.- bf Arhedca.- i > ^
; 1
•'-. / INCOME "AND EARNED' SURELU^-'"ACCOUNT ' '
-
'1
reduction appli-
tax
of
which
,iV.
INCOME ACCOUNT FOR CALENDAR YEARS
Although combined production of all products
;
amount
10,378,211
the
be
purposes,
022,502 $26,270,166
$24,022,502 $26,370,160
14,063,225
V810.4C8" 17,012,997
"
completion in 1950.
V..:.'.. ./•y,v:.
;• V'i
':/■ Net working capital was $22,052,784 at the end of 1946,
compared
'•'••/;With $20,979,333 at the close of business in. 1945;.; ; f
p. 3137.
tax
bank loan
Provision for Federal income
thf
for
history.—V. 164,
is
■
347,499"^^ .:^
-
•e Total
inQome
.liquidation, is equal to
Reduction- of the preferred stock at its liquidation value of $100 per
/?.Current contribs. to employeesiretirem'FpIan ^
sha.nj, to $24.05 per share of common
i-stocki The-comparable net assotDhectors'-fees
; yaluo of the common-stock was $29 •12 per share as of June 30, 1946
Legal foes
and .$26.08 per
share..at the close of- 1945/;lf all warrants-entitling
Fees and expenses of
registrar, transfer agent
fholders to purchase 19,500 shares of common stock
at $12.50 per share
and.custodian
/
ihad been exercised on, Dec.
31," 1946, the market value: of net assets
Other-expenses £/'_ui£.V
.applicable to the common-stock on that date would have been $23.45
•Interest on loan—the Adams
Express Co.______
.per share*..:,; ./-V;//,,//,/-w;
■■■vV/1/://^1/.*:^/^
Interest on
In 1946, he declared, .$4,00.00,000 was spent financing the first phase
©f
a
$15,000,000 plant improvement program,
and
an
additional/
$3,900,000 in expenditures was authorized.
The. program is scheduled ;
last year's industry-wide steel strike,
imore than' 140,000,000 pounds,'was
20,002,786
23,73'!/
to
compares with 45
cents" per share paid during 1945.
opinion of your management/that dividends
paid in 194S
100%
non-taxable1/to stockholders for
cents
R
.
48' "cents per share for 1S45.
dividend of 35 ceiits-.-per- share
paid by this corporation
20, 1946 brought the total; distributions for the year- 1946
Dec.
-55
,,
j.,-;«,
-
income,
<
1,146,095
/
■
Mr.
^
40,517
1,701,475
December, 1945/
The
/6,94$,459 ' 5,960,841
8,808,250 " 11,318,585
.
J——
imate value
-
in,34f,894:;;;i2.^t45(l
the
of securities or other properties
(per-share compared with $477,775
,fi,
118,42
4,680,690 ;;7,089,06
.1
Net
♦
by,Jb4
74,066
/company applicable-to its-outstanding, capital stock as of Dec. 34,
iwere $11,300,214/ This figure,
which fs intended ; to indicate
is also
the date set-for taking record of shareholders
vote at the corporation's annual-shareholders' meeting to
.be held here April 25, 1947.
V
.'•.>'•/'•
I
eligible
laejU
and
"Special Charges for Debt Retired,'/ ,/§Ineludes,
11'days from July l, 1946 to July 12,- 1946 on 204,009
$30,600 paid fol
American European Securities; Coo-Annual
(Report
cents
,
T*
974,280
facilities
amounts'qual to the
of
$14,038 ;• V 41.1R8-7
$13,887
3,500,000" ^7,800,000
wf
fiQ
income,-etc.; taxes_—__
securities
■
1,689,209
-
non-recurring tax ^eductions
tof war emergency
♦
*The aggregate market value
'. X With
....
48,090 ^ -183,441 > /"649.i82'T4'i fll2,7fit
•
•<°-s
109;300 • 87,740 • V757,797 ./
661,509
90,617 •
140,767 ' §1,235^309 '
April ,30, 1946.- tAdjusted to show
f
G.
1946
J83,90a '
,
7
1,251,137
.28,848 :
-
^
$24,02lS03 $26 J70,16$
;;,j'»1
»yn^o%
: r:
exp:/- net.
Fed. *
income taxes.
Divs.; on / pfd. - stk.--i-
'
-
Batcheller, President, on Feb. 27 announced that the directors
Jhave declared a quarterly dividend of 40 cents per share on the com¬
mon stock, payable March 31 to holders of record March 11.
Payments
In
,
Iht. 'and'- misc^ deducts/
' 4s6,5e5
1,079,024
receiy; & accrued int. / '! ': 9,007 ^:<14;815
i ..■', 'Cl-V— V - 2,006,25(
and $34,878,450 as of Dec. 31,
("Boston News Bur¬
J
/•
of
inc.
Geh; taxes &
'trk-
;
stock
TOtaji
T*">
v.„\
■
>t
'
Allegheny -Ludlum Steel Corp.—40-Cent Dividend—'
,
-V
inc. &
en.
/i,';SUbsidiaries-: ___i_^vL_
^•
j i
.<
-
*'
181,108
,
*
will
-
trolling interest in the
'
.
1?326,^8< -;:4/4'>4/iBi-vf..^/eGOQSa"
income.
undistrib, net
-
1945
>^46'
:_J $23,526630-$23,1
'
—:
Earned/ surplus
■Capital surplus'
figured
Exchange
'
•"
•
>i
199,968 »,
-
—V—
Reserve for
:
&
Gas
shares redeemed.
;
.
j328/278'/-'./£4,474,181," ) 1,660,958
-
consoi.—-
Xojal parent;
:
i.
.
/ M.^,459
.
-.
♦
,^"tar_inq._. (par.. co.) ^.2,102,445
v
,
451,925
>'
—
Judge Mahoney said "we now hold that a Court pf equity has in¬
e; Total
herent power to appoint--'areceiver to liquidate a corporation or
I LIABILITIES—
investment trust where fraud, mismanagement or al^use of trust is
1 brcrnpH
Accounts payable and accrued
present whether or not insolvency is likewise present,"
v
The Court added that since the receivers have already liquidated v Notes payable to banks
Dividends payable —n_.
substantially all the assets nothing further need be done except tp
make distribution.
1,281,887,^ ; 14,109,870.; • 10,245,895
$851,308 V
:
».w,ar4)n:
/
;
11 906 853
subs. "solds
v/v Other
$8,242,770
$45,193
SHEET, DEC.31
BALANCE SHEET, DEC. 31
-/ ' '
•Iriwestments
3,053,933
18.584,051 '
April' 30, / 1946
(incl/
series
subs,
...
attached.
955,608
Co. *
Electric Co :
Fr.
;
^i204,788-.;
BALANCE
"
'
•
'/
V / "*■
•
^ /■';/ ' •>'"'/ Accounts and dividends
Intervenors had purchased from Gordon B. Hanlan his controlling
u.
Govt, securities
110,000 free shares and also acquired $79,000 of debentures with com¬
stock
El.
Incomei of Amer.
♦
//$5^6Q,84a/
date of redemption)
the assets.
mon
'
4,660,892 '
">
_^-—-^__ci-^-—-^-T-VV4UV;^^i4fc4j31Q
-
Gas
omitted above
;
..
..
stock,, "optional
ASSETS-^
were
>
2,032,341 J.
•
undist. net Inc. of Sub/'
^
——————
J
—
Balance, Dec. 31, 1946
,,
•/
1,181,032
3,053,933 ;
.
$3,808,250
share paid on'90,385 shares of Constock, called for redemption;/ on /Oct;
accrued dividend to
acting ^or serving
from
V>
•*
'
Class A -stock-optional dividend series of 19361
VlClass B'stock
officers.";'.-''vivr';
or
;
.
—■—
per
-
In
£■
\
t
—
rJ"i*9W
©pinion." '
/':
/■'' '■ -/v,'*■■' :k0';
/ Judge Mahoney said that the case "presents a sequel to our prior
decision in AIT vs. SEC in which we affirmed the lower Court's Judg¬
ment. In that earlier case the trustees and officers were found guilty
•
>
Balance, Dec, 31, 1943
Dividends.paid in cash oh:
"re¬
stks—
com.
dempUo»,..ni^;Dc^/^;;::ia46.;:«£&£/y
Premium
''
earn, for com. stk.
on
—-—til,598,330
254,494 v
'
■•jw
f.
disapproved four plans of reorganization of the AIT; and (3) directed
the receivers to proceed to liquidate the Trust.
'./*>:''?i y:. 1
convertible;.
of
T639.254
254,494 '.v.•
during
-
(subsequent tp April30, 1933)—
Balance, Dec. 31,; 1945
;
■Net income for. year
.Net-profit -©n:sales-pf ■securities:.:
special
a
reacquired
incomes
pid.. stks':
Undist. net inc. of subs..
consolidated
—-/I—-;—150,710
paid
amount
213,525
sharef^t:.d,95(J'/,"\.,
per
Earned Surplus
*,
meeting of
the Trust and the termination of the receivership; (2)
the
net
on
1
class A stock called for redemption
aboye
applicable to capital surplus
«_;-,r-_.w^-^--4_^-^^--rr^i.;^,,2,;259,625'f./-:Uadist;rne^;iftc.^ofv'isub;v.'5'!fV.:''':.;
:
y
:
United States District Court Judge George C. Sweeney's order qf
liquidation of this Investment Trust was a proper exercise of equitable
discretion, the United States Circuit Court of Appeals ruled on Feb. 24Judge John C. Ivlahoney wrote the opinion with Judges Peter Wood
bury and Calvert Magruder concurring.
'
.*•, •
.'
Frank Bailey et al, comprising a New York group of interveners
who had purchased a controlling interest in Aldred Investment Trust,
bad appealed from Judge Sweeney's decision which (1) denied their
jprayers
■V: Bal,
deduct.i
and
of
K;/
''
1945
cost'over
...
Investment
Aldred
holds Liquidation Ruling—
DEC.'31/^946
Di,s.
period'and retired
"7Q4 790
677.
p.
Dec.
of
Glares
-
$1,245,867
*
281,259
int.
Reserv.
OF SURPLUS, YEAR ENDED
♦■•.Capital Surplus—
Excess
134,484
•>
•■£,.. STATEMENT
Balance,
*1945
1946
«
Other
464,310
Dividends
RR.—Earnings—
$1,395,088
'-i.^304,368 «vVf- 84,943
543,135 ;
199,968
.
288,914
railway
railway.—
from
—V.
Southern
181,107
-
more
.
Alabama
Net
period of
a
■£ Tetired-^l^
q
.•
A
by
announced
1,000,000
that
no
these
par
bank
shares./ $On
loans
had
Feb.
been
21, 1947,
retired/';
N°TE—The investment in Allied
Machinery Co/of America, a
owned subsidiary (not
consolidated, in conformity with
the
>
wholly
regiUations of
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4573
[Volume 165
Exchange Commission applicable to financial state-
the Securities and
,
K
American Telephone & Telegraph Co.—Annual
—Walter S. Gifford, President, states:
investment company) was sold on .May 10, 1946.
Prior
it-had been Carried on the corporation's books at a valuation ^
based on the underlying net assets of the subsidiary (a basis approved
&y the board of directors),
.:• „
•3:
j
The Adams Express Co. .owned 622,786 shares (62.2%) of the outStanding common stock of this corporation at Dec. 31, 1946, compared
With 612,686 shares (61.2%-) at Dec. 31, 1945.—V. 164, p. 2402.
ajents
of an
thereto
'
In
remarkable increase
that
:
Okia.-rRegisters with SEC—
registration statement' with" the
1967; 25,000
shares (po
Underwriters are, Rauscher-, Pierce & Co., Inc., Dallas,
Underwood & Co,, Houston, Texas. Debentures will.be
jSEC for $1,000,000 of 4% sinking fund debentures, dpe
Shares
(no par)
$1.10" cumulative preferred and 60,000
jpar)
common.
and
Milton R.
offered
at
while
100
ance
on
j"
..
,,
,
„
....
t
..
.
1
Machine
problems."
Inc.—Action on Common
When Semi-Annual Pay¬
American Machine & Metals,
-
ment Will Be Considered—.
i
stockholders
The
Feb.
on
took
26
would
ordinarily
which
dend
,.....
_
become
v
r
,
...
r
r-
action on the common divi¬
payable on or about March 30
no
>
j—
'v!''
V,
'"I
>
"i
stockholders, at
The
authorizing
,on
R.
B.
.
,
Armour,
.
,
duties
these
will
which
the
solely by the Con¬
1940.
in
1946
capacity.—V.
,
j'
.
165,
pp.
£
.
t
to arrange companies in . exact alphabetical
However, they are alwaye ae near alphabetical
possible
order.
position
Units—
Lend Funds to
The company has asked the SEC for authority to lend up to $9,000,during the current year to two subsidiaries:
Florida Power &.
Xight Co. and Texas Utilities Co.
The latter, in turn, will make
advances to its two operating subsidiaries, Texas Power & Light Co.'
Electric Service Co.
Texas
•
..
.
.
,
used in connection with the companies' mi¬
which are expected to require $30,000,000. The
•construction programs are to continue through 1948
and additional
lunds will be needed, the joint petition stated.—V. 165, p. 678.
The
>
will
funds
be
Radiator
&
Sanitary
Standard
12 Months Ended Dec.
3fet
sales
after
Federal
Surplus
1945.-—V.
»n
was
and
Earned
pending final decision by
r
-
(&
Corp.
Common
Stock—Revenues
;
Of
(
ftise—-
own common
6,710 Shares of Its
/
,
r
^
$100
of
these
offered
were
and
the
of
$100
of
debentures
at
the
-
also
tota( shares,
voted
vras
this
•
Business
Wee
[
■/
.
;-
of
ABOUT
are
of
'
.
American Water Works & Electric Co., Inc.—Output—•,
output of the electric properties of this company for the;
23.3 %,
of
over
1946.—V.
22, 1947 totaled 96,782,000 kwh., an increase of
the output of 78,645,000 kwh. for the corresponding wefekFeb.
165,
p.
1062.
include
^' Connection
\
52,428
19,389,432
18,797.202,
deductible
were
in
1915,
referred
to
$8.54
$9.08
from
taxable
income
but
$15,678,072,
presenting
were*
nortion
a
sufficient to offset their tax effect.
principally $18,443,429
with debt redemptions.
1944, $588,146, offsetting similar
BALANCE
ASSETS-
Telephone
tax
of;
These-..
of
premiums and other charge*Likewise, there is included iik
effects in
that year.
.•
balance
of
$50
.
•
•
/
Stock
407,454
...
.......
4,079,644,022 3,601,077,881 3,552,250,012*
...
BELL SYSTEM INCOME STATEMENT, YEARS ENDED DEC. 31
,
(Consolidating the Accounts of the American Tel. & Tel.
Principal Telephone Subsidiaries)
Co.
and
' f!
Ita
>
~
1946
.
1945
- -
1944
1943
$
Local service
rev.
1,163,791,306 1,041,223,929
Toll service rev.--; 857,667,039
829,998,953
Miscell.
revenues*
76,962,445
63,122,595
Uncoil, oper. rev.
£>r4,755,849
Dr3,459,025
Total oper. rev. 2,093,664,941 1,930,889,452
Current' maiht...
410,947,934
328,345,898
.
••
••
a
ua
oane
di.,
^ixiu^gu
u,
'I
951,566,208
653,840,208
46,241,951
Dr3,415,902
Br3,571,308
1,769,704 577 1,648,077,068
298,559,949
275,802,761
expense
Traffic
212,955,415
537,845,900
J 87,161,270
16,397,259
...
expenses-
Commercial
Operating
exps.
rents-
205,179,332
403,275,843
144,311,642
200,764,183
335,413,283
127,896,786
16,526,834
14,979,161
196,923,763
301,589,563
116,921,993
14,581,633
Gen. & misc. exps.:
jGeneral admin.,
I
devel.
&
re-
'
search
-
36,177,970
29,318,817
23,861,159
20,473,878
91,912,771
70,529,763
62,268,265
56,530,751
65,317,174
43,087,190
38,336,726
28,725,391
22,310,004
27,479,104
18,913,056
23,271,497
17,468,618
23,714,931
24,863,224$
Crl7,746,333
257,415,561
Cr8,844,363
399,916,670
Cr6,951,289
417,468,280
Cr6,296,42«
372,935,911
215,924,525
8,861,783
"226,754,698
.
Accounting and
'
treas.
depts..
; Prov. for empl.
serv.
pens-
Employees' sick-
Bess, accident,
death, etc—
Y
Other gen.
.'
Expenses
exp.
construction.
,::Taxes
18,269,901
chgd.-
L.—'
'
Net
•
inc..
(net)
oper.
Other
inc.
245,490,912
11,890,957
257,057,273
Dr26,652,262
257,381,869
41,916,232
230,405,011
45,839,571
9,481,824*
"
Total
"
bef.
inc.
»
'
fixed
4,339,000
Int.
chgs—
deductions—
Amcrt.
224,786,308
47,563,011
236,236,518
537,208
581,901
51,070,022
debt
of
"
Total
tAverage
105,307,000
daily
plant
j
Amt. avaih for int. and divs.
in per cent of total revs.
$ Number of employees
No. of American Tel. & Tel.
"Excludes
r
telephone
•conversations
revenues
44,493,000.
78,626,000
105.762,00 0
60,290,000
50,141,000"
$6,294,419,000 $4,187,790,000 $2,566,809,000
2,119,701,000
934,214,000 -t 769,537,000
net
Net inc.
-
21.14%
12.14%
617,154
268,755
695,660
695,66 0
657,465
25.04%
V
;
.
335,858
! :,
v
inc._
V
262,646
486,131_
215,202,991"
184,079,309
176,686,089
7,021,469
6,829,528
6,815,58*
177,057,840
169,856,561
177,769,009t
178,387,946
171,897,507
168,478,336
$2,040,946
9,290,671
18,797,202,
applic. to
stocks
consol.
of
subs,
held
by
public
-
6,651,484
:
Net inc. applic.
to
362,179
private line telephones numbering 101,329 on Dec, 31,;
1946. Including telephones of about 5,900 connecting companies and
more than 60,000 directly and
indirectly connecting rural or farmer
lines and systems, the total number of telephones in the United States
which can be interconnected is approximately 31,600,000.
tFor the
year
1946 there were- approximately 100,401,000 average daily local
conversations and 5,361,000 toll and long distance conversations, an.
increase of 16.8% and 16.2%, respectively, over the year 1945.
$Inciudes employees of Western Electric "Co. and Bell Telephone Labora¬
tories.-
t Total
...
/
disct. & exp. &
oth. fixed chgs.
After. Tel.
&Tel.Co. stk.
Divs. on
r
A.
T.
183,462,749
Balance; siirp •*»
25,088,758
No.
Co.
of shs.
stock
Earns,
"
;
$1,330,106
,
Amer.
Tel. & Tel.
/
208,651,507
&
stock—
T.
,
Co.
outstdg—
20,606,609
20,161,251
19,389,432
share
$10.23
$8.93
$8.89
per
$9.50
$117,193,990 In 1946; $105,426,085 in 1945; $102,684,243 in 1944 and $103,387,736 in J943. Federal excess profits (refund
"Federal income,
Publi shers, 25 Park Place, New York 8, N. Y., REctor 2-9570, Herbert D. Selbert, Editor and Publisher;
week (every Thursday (general hews and advertising Issue) with ft statistical Issue on Monday],
Other
Lbndon,> E. C., England, c/o Edwards & Smith.; Copyright 1947 by William B. Dana Company. Reentered
as second-class matter February 425, 1942, at the post office at >New"York. N. Y., under the Act of March 3,
1879. Subscriptions in United States and. Possessions, $35.00 per year; in Dominion ot
Canada. $36.50 per year; South ..and -Central America, 8pain, Mexico and Cuba, $38.50 per year.; Great Britain, Continental; Europe! (except Spain), Asia, Australia and Africa, $42.00 per year.
NOTE? On account of the fluctuations In tharates of rzchange, remlttoncM for foreign subscriptions and advertisements must be ni^do In Nftw York fundfl.
unices;
1
986,853,887
733,304,264
52,962,328
Deprec. & amort. '
27,769,000
12,835,000
,
...
in
v
.
;
.
,
of
...
47,639,000
26,425,000 !
4,562,000'
'
and
on
.......
,
11,909,578
6,147,
394,529
6,896
•
issued
outstanding. 2,060,699,900 2,016,625,100 1,938,943,208
capital stock....
346,929,249
329,269,679
298,139,231
Funded debt
1,061,773,200
728,321,108
650.639(20Q
Dividend payable
46,359,641
45,35&[86T
43,578,901
Accounts payable
23,452,309
33,88533
15,526,282Interest and taxes accrued
39,496,186
53,817,734
70,629,364.
Deferred credits
—11,958,310
12,592,895
7,560,391
Eteprec. and amort, reserves..
248,914,821
224,877,367
205,063,533*
Surplus, reserves
56,479,871
60,817,757
62,762,761'
Unappropriated surplus
.183,580,535
181,725,241
173,196,750
1925'':^
' /'
4,079,644,022 3,601,077,881 3,552,250,012,
....
Premium
' y
13,573,025
v,
'
lines
1935
,
:
Cat
(
BELL SYSTEM—CALENDAR YEARS
1946
subs.
LIABILITIES—
Total
;
»
:
19f
plant
in
Total
,
subsidiaries
19f
:
,
....
price of $117.65
payment
'
-
SHEET, DEC. 31 (COMPANY ONLY)
—677,033.709
615,446,511
575,412,388
cost)—.. 2,984,847,798 2,599,314,370 2,614,840,621
Other invests, (at cost)..
43,014,021
45,684,940
46,934,401
Cash and deposits-.
14,622,012
13,194,490
14,610,552:
Temp, cash investments.......
307,956,769
283,044,939
259,838,97*
Current receivables
25,935,801
20,902,154
23,795,778
Material and supplies
10,123,674
8,390,723
6,458,750»
Unamortized debt disct. & exp.
2,598,517
1,944,950
2,319,408
Other deferred debits
13,511,721
13,154,804
8,039,144h
Invests
'
telephones
pole
Co. stockholders
jhot available.—V. 165, p. 678.
ended
which
above
items\ comprise
special
25,709,458
7,501
432,287
Miles of Wire: ;
■V;" v-.-svA'
.In.underground cable——
:
64,203,000
In aerial cable.
35,704,000
Open wire
—
5,400,000
Miles
•
Power
'Week
THE
central offices^
Nurtibei: of
.
in the final quarter from the preceding
totaling $201,765,647. Sales figures for the last period
dropped off 45%
months,
*9f 1945
;.
last year reached a record $764,167,588, it
filed by the company with the Securities and
This was 37% above the $557,557,505 volume
a report
Dxchange Commission.
cOjf. 1945
$9.42
$8,731,893
20,166,251
$8.66
•
43.1%
^
"Number
company
indicated in
items
^come
debentures for each-
average
and
,
company's principal telephone
Total
American* Tofcacco Co.—Had Record Sales in 1946—v
of
of
the Items
More than $550,000,-
unsubscribed
an
^
Total
Sales
16,747,718'
in
received for $330,208,800,
the
sold later in the market at
.
and at varying prices over - a four-month period from,
1946, through January, 1947. The cost was $240,654, or an.
-average price per share of about $36. Total common stock outstanding,
-■exclusive of treasury shares, has .thus been reduced to 120,334 shares. J
Net sales and operating revenues for the company and its subsidiary,
Delta Shipbuilding Co., Inc., amounted to $771,962 for the quarter
■tended Dec. 31, 1946, compared with net sales of $616,147 for the •
■quarter ended Sept. 30. The company says these figures have not been,
■audited and are not necessarily indicative of net sales for year end-.
3pg June 30, 1947, nor a fair basis for forecasting profits for the*
Year.—v. 162> p. 1507."
{
i
8,469,361
share
per
reason
v
convertible
Subscriptions
debentures
,
FACTS
it has bought in the open market 6710
stock. These purchases were made in vary¬
^October,
■
—183.462,749 178,387,946 171,897,507 168,478,336»'
—
the nature.of surplus chrages.
The effect of such tax reductions,
^on total net income has been offset by charging a portion of the items
wrmisceilaneous deductions from Income.
Miscellaneous deductionsu^
above 1945, and is more than double the
'
stockholders
of the
The company has reported
•shares of its
ing amounts
120.791
168,530,764e
excess profits tax credits of $4,666,000 in 194-*
$3,688,000 for 1943.. iDeficic.
§ Provision for Federal excess profitstaxes wae reduced by
$279,696 in 1946, $15,678,072 in 1945 and $588r~
146 in 1944, with
corresponding increases in net operating income bjr
was held by women, 25.7%
by men,
8.8% in joint accounts, and 21% by trustees,, insurance companies, cor¬
porations and private firms; 1.4% was in the names of brokers. There
were
also at the end of 1946 about 26,900 holders of common stock
\
American Ship Building Co.—Buys
.
^ 181,932,110 171,640,228 163,165,614
24,126,101
"[A^er deduction of
'
outstanding,
Holders of one to five shares numbered 207,400,while 655,900 stockholders, or 94% of the total, held less than 100.
shares each.
Holders of 100 shares or more, including insurance com¬
panies and other institutions representing additional thousands of in¬
vestors, totaled 39,800 and held 47%
of the stock.
Approximately
50,000 Bell System,employees own stock in the company.,
,
^
1
1
124,911
and
other corporation,' with 695,660 stockholders of record at the end
any
reserves,
163, p. 805.
i
22,987,149
121,099
20,606.999
of 1946.
This is 11,763 more than a year ago." More than one-half
ro"f the stockholders are women.
The average number of shares held "
was
29.6 and no stockholder held as much as y2 of 1% of the total
1946
■ i
$123,734,000 $120,001,000
; > "9,905,000
t5,656,000
taxes—
22,257,999
72,522
r
No. of shs. outstdg. (par
of debentures." 'These debentures are convertible into stock
after Apiril 15, 1947 at a conversion price of $150 per; share,
bentures.^'
$1,212,000. t After charging provision
Yor contingencies, $250,000.
^Includes dividends from foreign sub¬
sidiaries in the amount of $2,490,000 in 1946 compared with $498,000
excess
19,499,614
expenses (net)
-^et^In^°me "J
Dividends declared
:■?'■; STOCKHOLDERS—Company continues to be more widely owned than
.f
>
-
—,
^Net income
^ ♦Includes
31—■
Dr377,874»
earnings... 211,504,246 194,019,326 186,277,674 192,777,656.
Reductions—
stock
(
net
Amort, of debt, disct. and
programs
American
rev.
Drl63,076§Drl6,267,971 Drl,323,116
Total
■i
meeting to increase the
■..authorized capital stuck of the company from 25,000,000 to 35,000,000
shares and to authorize an Employees' Stock Purchase Plan.
Debt obligations, comprised about 45%
of the total capital of the
Bell System,at the beginning of 1920 but were reduced to 36%
by
the end of 1924.
The System debt at the beginning of 1946 was about
31% of its-total capita).
However, this ratio had increased to 38%
by the end of 1946 due to the sale of debt obligations during the year,
including
American * Telephone
and Telegraph Co.
convertible de-;
*$00
■;
bond
'
by surrender
bash for each share. -
.(
and
effective under
subscribe' for
the
on
-
sconstruction
are
payable
American Power & Light Co,—Would
...
non-oper.
'
'
rate-of
shares of stock held.
96%
The
*'
-
33,127,515
40,042,433 23,865,323 27,598,719171,441,401 165,653,470 159,599,787 160,39Q,342>
7,099,106
4,593.394
4,135,680
5,166,468
revenue
revenues
Miscell.
ber $100
possible.
as
dividends
with-the need to
greater than in' any previous year.
were
$12,878,900
it is net always
reasons
income
oper.
Interest
SYSTEM FINANCING—Capital requirements of the Bell System-
of
or
mechanical
NOTE—'For
:
1,525,224
7,333,212*
—
Net
'
$125,000,000 40-year.. 2%% debentures and The Pacific Telephone and <
Telegraph Co. .in October sold $75,000,000 40-year 27/e% debentures,
both through competitive bidding.
Stockholders of American. Telephone
and'Telegraph Co., Oct." 16, 1946, voted to authorize an issue of. con-,
vertible debentures to be offered to shareholders in proportion to their
holdings., of stock of; record as of Nov. 8, 1946, each shareholder being
six
•
(
of new capital was obtained, practically all through the sale of
debenture issues. ^American Telephone and Telegraph Co. in July sold-
■>'
2,06141^
the Bell
1,771.000,000, or 16%
entitled "to
■
Lines
Q00
/
in a consultant
company
2,795,661
1.343,924
1,233,272.
1,125,484
9,113,652
7,785,388
10,991^7538,689,296
20,848,923
24,377,845
Gr685,496
Cr463,755
Cr403,884fe
Federal income taxes
§28,344,000 20,216,000
18,079,000
18,585,OOO"
Fed.
exqpss' prof.' tax^..
§23,340,000 "41,998,000 *33,195,000*
Other taxes
10,2~37"035 10,053,635 10,123,337
9,905,178
PLANT AND FACILITIES—Total expenditures "for new construction
were
$690,000,000 in 1946, compared with $255,000,000 in 1945 and
$170,000,000 in 1944.
Local exchange plant construction, including in¬
stallation of equipment at customers'
premises, accounted for $530,000,000 of the 1946 expenditures and $160,000,000 went into additional
toll and long distance circuits and associated switching equipment.
Investment in plant at the end of the year totaled $6,294,419,000,
£tn increase of $592,363,000 during 1946.
Depreciation and amortiza¬
tion reserves were $2,225,415,000, or 35 % of the plant investment.
Chairman of the board, on Feb. 21 announced that
3?eter Colefax, Executive Vice-President, has been elected President,
.-succeeding Frederick Vieweg, who resigned after 28 years of service.
lyrr, Vieweg will remain on the board of directors and his services will
to
3,163,924
Gen. and miscell. cxps..
35,457,790
Exps. chgd". construe
Crl,352,459
;
Armour,
available
of
costs and
BeIl
J!062 and 677»
benefits
Operating^ rents
.
regulatory authorities.
abbut
*
lb©
4,603,473
^
ac-
cident, death and other
<
the
current
the
many
number
in
R.
8,091 62ff
Dr892,50O
serv-
Employees' sickness,
earnings below the average of the last 25
Telephone companies, faced with sharply in¬
secure new capital to expand their
plant, are finding., it .necessary to ask regulatory bodies to .approve
increases
in
telephone rates.
Increased rates amounting to about
$12,600,000 annually have become effective in eight States, in three of
Chicago.-
B.
working clay, and since V-J Day we have
telephones as there are in all of Great Britain.
.
of Chicago and the First
continue in that capacity in
New President Elected—
comm.
,
stock
been performed
have
Chicago
of
Bank
21,494,23"$'
8,170,119
Dr946,035
216,768,929 233,896,054 229,051,859 209,575,761
35,002,446
36,261,966
34,300,381
28.506H8&
25,997,271
24.236,120
22,793,688 . 21,649,92^
exps.
36,493,422
28,120,600
42,271,507
35,404,758.
employees'
pensions
vice
SERVICE—There were 25,709,500 Bell System telephones in service
compared with 22,445,500 at the end of 1945.
Cur¬
rently the rate of-gain'is close to 300,000 per month.
'.
The number of toll and long distance conversations in 1946 was-
tinental Illinois National Bank & Trust Co.
National
Traffic and
'
the. appointment of
Transfer and registar agents in New York City.
The Bank of the
Manhattan Co. has been named the transfer agent and the Chase
National Bank of New York registar for both class A and B common
^Previously,
23,216,810
,
announced
recently
corporation
25,335,861
8,600,457
Dr622,071
28,186,361
8,060,226
Dr732,043
1943
reveniies.
Prov. for
at the end of 1946,
and Registrar-
New York City Transfer- Agent
The
::
oper.
j
l'
200,581,807 "198,6$1<F,96"5'1"$0,882.40^
.1944
Current maintenance
Depreciation expense
Applications for rate increases have been
made in 16 additional States and similar applications are planned in anumber of other States where earnings are low.
To secure the capital
essential to insure a progressive, orderly development of the telephone
system which. has always rendered the finest service in the work
rates that will produce adequate earnings are required.
Chairman of the board, said it is proposed to sell
from 60,000 to 80,000 shares, on terms to be determined later, tomrovide fuhds for expansion,
r
v
;;
'
;
Present expansion plans
wjll require about $6,000,000 of which
$3,800,000 will be needed to build and equip a new. soda ash and
{borax plant. This will increase soda ash capacity by 70% and borax
(by 36%. About $2,000,060 will be needed for an addition to the power
(plant.
.
'
"
f
With
:
the
special meeting called for March 12, will vote
100,000 shares of new no par cumulative
a
extend
which the increases
•
issue of
an.
stock.
[preferred
-
,
to
creased
American' JPotash & 'Chemical Corp,—Plans Issuance
;
Total
1945.
Hundreds of thousands of
telephone work.:
years,
of .semi-annual dividends
in the best interests of the company.—V. 164, p. 3282.
of New Preferred Shares—
in
(bet)
The board believes that payments
in the future are
than
RATES—Looking bach over 25 years, the expansion and improvement
in service have been outstanding. The total amount of service rendered
by Bell System companies has increases several tiroes over.
Speed and
quality of the service have improved enormously and developments in,
the art which have lessened the cost have made possible substantial
reductions in long distance rates resulting in current savings to thepublic of oyer $375,000,000 annually. „ ^
to
justify.
1946
-
revs.
(COMPANY ONLY)
v
the increased volume of business and working capital re¬
quired." Regular quarterly distributions of 25 cents per share had
iheen made up to and including Dec. 31, 1946.
'•
1 It was further announced that the directors will at a later date ,
consider a semi-annual dividend payable in June should conditions- v
t'owing
in
the
new employees have been trained
and switchboards have been loaded to the
telephone's usefulness to as many customers as
can
be served.;; In many places where the volume of calls has placed*
a
particularly heavy burden on available facilities, special temporary
measures have been introduced to get calls through as
swiftly as pos¬
sible.
In the manufacture of telephone cable and apparatus, it has
heen necessary to overcome serious difficulties caused by the persistent'
scarcity pf certain essential raw materials needed in large quantities.
in
j
P.' Soule,"
Dividend Deferred Until Later,
for
has> been
Vice-President in charge of engineering and ,
Cesearch, has been elected a director.—V. 164, p. 2282.
.
'!;■ ;
Roland
Dr.
handled
were
increase
total
the skill, energy and determination,
617,000: people working together in the Bell System team.
What
• done
has • not been done easily, but in the face of many
of the
.
Co.—New Director—
Foundry
&
the
than 25 a minute every
utmost
# American
calls
more
than
oper.
YEARS
1945
181,"254,385
revs—
revenues.
Uncollectible
'
><
service revenues..-
Miscellaneous
have done
CALENDAR
1|46 V
License contract
Achievement of this kind reflects
the preferred and common stocks will
Proceeds will be used to pay $712,500 bal¬
retirement of $850,000 promissory notes, and*
bank loan,
a
billion
more
added nearly as many
Sbe supplied- by amendment.
$>rovidq working capital".
of the country
INCOME ACCOUNT FOR
Toll
Responding to the challenge of demand1
levels, the men and women of the Bell
deparfments and in all parts
seven
was
more
of
price
.Over
a
preceding five years..
The net gain in the number of Bell telephones was 3,264,000, or more
than twice the gain for any previous year.
Since the beginning of
1946 additional telephones have been mstalled at a rate averaging
[
•
invented has there been such
magnificent job and have set new records of accomplishment.
This
Feb. Y4," filed' a
on
company
-
wartime
far above
all
in
Report
in the amount of telephone servic furnished to the
people as in 1946.
soared
System
^American Iron & Machine Works Co., Oklahoma City,
1 'The
since the telephone was
year
American
a
i
no
118$
-
•
THE COMMERCIAL & FINANCIAL CHRONICLE
1184
.
nf
to
due
1946
in
tifi fiSR kst
credits),
$133,452,222 in 1943;
$141,156,961 in 1944,
back of excess profits
carry
1945, $n3Jj27^076 In 1544 and
in 1946, $146,513,710 in 1945,
and $136,095,959 in 1943.
tDeficit. /
<•; •;_« ;•/ -•
in
$147 976 875
$i56,880,226
other
..
;;
,
:
,
,
1945
i94<j
YY':'$
ASSETS—
,
v
,
SHEET, DEC.
BALANCE
CONSOLIDATED
SYSTEM
BELL
1944
$ .'
.*
■■■.''
■
than
therein
...
U. S.
investments
Other
Sinking
demand
53,242,166
54,605,327
55,260.573
307,956,769
49,422,938
&
396,345,939
14,780,128
Current
receivable——I
230,284,220
—
Material
and
—
supplies—:
debt
Unamort.
disct,
of
Prepayments
and
217,910,673
56,716,605
93,504,118
vv"
727,471
exp.
Total
Premiums
held
stocks
Pref.
17,904,300-;
1,061,773,200
693,000,000
Notes sold to trust.iof pens, fds.
Accounts
221,179,268 Y
payable 1
Advance billing for service and
—
Divs.
of yr
current
Taxes
accrued
Interest
Deferred
—
33,288,902
4^,040,404
18,516,734
•:
——
4,313,460
5,158,827
*64,484,114
296,032,002
70,069,268
289,241,153
reservation
;
•,
contingencies.-
The
■»:
Feb.
4,920,250
/-NEC for
underwriters
on
be
to
that
the
probable
Telephone
Balkan
by
will
between
be
to
Feb.
on
$12—about
half
Service with
exception of
a
were
occupied
phone
service
of
the
reached
25,
United
since
and
States
interrupted
war
service
figure.
pre-war
Europe has
now
-
to
several
its
preferred and
other
^countries
of
before
or
than
more
the
Afbor RR.
also
area,
the
subordinate
its
to
be
right to
Aug. 1,
3.75%
934.
.
on a
position
redeem
of
Net
from
Net
ry.
railway-
1945 Y
J-"45'417
railway
income—
oper.
*126,973
*22,517
$479,662
57,971
38,911
*61,728
Net
from
from
railway—railway.—
5,962,140
♦Deficit
^Revised
of
i
.
EARNINGS
,!;
Gross
Net
Net
from
from
ry.
—V.
p.
•>!
,
:
Operating
revenue
1946—3 Mos.—1945
Y—,
$4,566,416
Operating expenses (ineluding depreciation)^
25,047
r\
f.
Income
47,203
2,216,350
_1_
'
$1,034,030
'
•
*$440,658 Y
Y 113,671
income
V'':;1,*, V-,1 'V.:
?
Gross income
•
Interest expense
*$326,986 :
27,003
—
7
6,286,576
239,221
$318,584
391,879
$2,177,387
237,997
$710,464
161,862
Y $2,990,283
for
f
Y Crl53,204 7
contingencies
100,530
$529,039 7 $5,960,967
52,201
1
186,292
Y
13,529 V '
—
---
<J>d, I
♦Loss.
tRepresenting principally profit
(non-recurringi.—V. 164, p. 2539.
j- Armour
Co.—Changes
&
in
from
increases
fr.
in
and
revenues
ry.
oper.
net
income
Personnel
Reported Satisfactory—
Chairmln^'f
P»S
nf
£ board. He
company.
SalPR
Inr 4
r
the retirement
m
$449,908
183,036
Prince
in
i
$266,872
1939.
from
ry.
after
■
I
'-A
S"
-
,
>
$5,693,422 $78,235,701 $65,150 89»
3,641,779- 46,680,302, 34,98,si56®
$1,475,950
—
'
1,
$2,051,643 $31,555,399 $30,165,33®
v
.
_
before
taxes
$172,676
.46,318'
$237,823
i;
on
$192,180
'
"
1946.'
Y
railway—
railway..—:
Best &
165,
The
$5.19, f. i
Earned
per
It
was
reported
$5,000,000
a
1944
$561,434
$752,876
$942,472
*237,356
*60,126
*200,476
*421,036
'V: 58,412
♦236,106
' '
Y
,
.
Y
,
1947
..
'
y!' 5.1946
1,328,132
600,000
$2.21
excess
profits
profit for
taxes
year
(1947,
chief
the
An
31,' 1947,
are
.1
■,
v.;
teri« g^^rnments ,at $4,500,000,
|
-
Y
Y
Previous
year.
An initial
—V.
20
declared
a
regular dividend
of
30
cents
common
stcck, payable March 31 to holders
initial distribution of like amount
was made
■;
dividend
Stock was also
+
Feb.
of
79»/3
,•
..
cents
per
,
share
.
of
per
record
Dec.
31,
'
...
the
on
declared, payable April 1 to holders
of
4.20%
preferred
record March
165, p. 526.
Borg-Warner
tract-
6ets' Export
Corp.—Subsidiary
'■
12.
■
Con-v..
hRAVe. beeh.i'c°noludQd
1
national
Corp.,
it »r>
Autopuise ,Corp.,.
according
to
r.41
.
u
..4
r
1
A
^
'
>
an.
cents
Previous
....
19,
that
t
•
the
the
program,
is
company
financing
this
to
an
contemplating a
is being ne¬
which
of
Weeks and Stone
,Y.yY
> YYy
>aY.'YY;,.
-
on
Feb.
19
to
company,
The
the
as
sale
these
purchase price
closing
on
rejected
were
$3,623,000.
was
company, call for
and the balance in
Terms
payment;
15
years
Y'YY. A";Yw:,Y'.'YYy'YYY''Yl'
YY\Y~, Y'v,'Y;.Y"-' YyYYY'"
during the war for the production of small arms and artillery,
4%.
,.
and
cases
pounds
and
four
ft.
sq.
components,
of
brass
major
of
the
eleven
industrial
plant
month.
per
and
.
has
It
rated
a
consists
minor
floor
structures
space.
or
capacity
of
89-acre
an
Erected
the i government
$16,534.866»,, .including
machinery and equipment.
1
The
and
operator
$3,653,000
buy the plant
highest of
proposal,,; if accepted by the
of the
set
1
the
inadequate.
new
wartime
company,
Indianapolis, Ind., brass fabricating plant,
Administration
proposals by
as
cartridge
of
total
a
in
1942, the plant
$10,664,776 t worth/ of
;
^
company estimated that more than $2,000,000
the plant for long-term peacetime
alter
with
would be required
operation.
Large portions of the fabricating 'and production equipment ar»
high-cost, special-purpose items, serving no civilian economy needs, but
vital
to
for
defense
The
purposes.
has
company
indicated
will¬
maintain
these
items
on
a
"stand-by" basis for ready
military purposes.
-YYY/Y. ■' :-Y Y/Y' Y;-.\>YYY }'■ YYYY.Y
Sale is subject to compliance with the
Surplus Property Act and
concurrence by the WAA Administrator.
-V. 165, p. 935.
to
•
:
Brooklyn Union
a
end
year
during
more
before
in
the
Gas Co.—Year-End Analysis Shows
Highest in Company's History—Net Down,
analysis
first
released
post-war
gas, and installed
its history.
/ Net income for 1946
share
per
of
was
on FebY 25,
the company reported,
1946, it served more customers,
house-heating equipment than ever
Y.Y' Y-, ' 'Y Y YYYY^
YY Y!vr.YY
year,
more
$1,629^53, equivalent to earnings of $2.1®
stock.
This represents a decline of $452,928 from 1945
earnings per share of $2.79.
YY 7
;
;
Y
In reviewing ,the
company's business experience for 1946, Clifford R.
Paige, Chairman of the board,.stated that gas sales during the past
year
reached-29,900,000,000 cubic feet, a volume greater than; tb®
amount predicted several years ago for the fifth
post-war year.
t
7 "To meet
this unprecedented sales growth," Mr. Paige, stated, "a
a
for the handling of the export
of, Detroit by Borg-Warner lnter-
joirt
announcement
•'
i>>i.
j A'?'
•
„
-3A U-.I-:
,-t
.1::
issued
t? ;v, t
by
i'Am
*
construction
habilitation
A.
u
.
C'/iY
J.
'»*<■
f
entailing
program
was
program,
begun
estimated
to
cost
a
in
major
1945
about
plant
activity
of
1946.
scheduled
and
system
and
The
additions
whole
for! completion
-
and ;reconstruction,
ih
.
.
194$
is 7
the corhframjr In¬
Works, each with,
a. r(ited
capacity of 10,000,000 cubic feet per day/ Three moreiccmtemplated water gas sets and a propane-air gas plant: will incrpaqe
productive Capacity substantially.''Gas storage capacity will also be
increased by the addition of two waterless holders which Yvill have
a
on
last
been
on
Feb.
expansion
Assets
by WAA
stalled
$2,080,000).
ended Jan.
history of the company,
$5,375,685
Birmingham Electric
Co.—30-Cent;;CommomDividend
6.
each.
25
.
$38,316,641 $34,070,795
2,689,268
C^hnAo^Sioi0nYin,ci=ding short
totaled. $6,002,102.—V. 165, p. 526.
on
cents
15
to
14.
which reflected
1
'
stock
March
usual quarterly dividend of $1,37%
also payable March 31 to holders of
price for the plant.
sold
Y;'YY
806.
.♦After federal income and
March
record
-
counter-proposal
War
that
1945
shares..,
the
14/
Gas Volumes
1.—u
—600,000
sharer__.——
V,
v
$4.48
31——.—»—■ $6,002,102
highest in
the
Expansion Contemplated—%
4-for-l
;
...
Casht, Jan.
declared
of
$1.14
effect to
1946
Co.—Earnings—
common
Y:
1945
$1,076,238
May,
Increased—
preferred stock,
record of March
site
-Earnings—
profit
of
also
the
on
15,000,000
$128,512
1946
,
—
•Net
prices of raw materials since
YY.'-Y ','Y;Y;.v'Y
;
-;
directors
share
reconversion
128,907
Years Ended Jan. 31—
sales
;
No.
in
common
ingness
290,587
Y
p.
increase
share, payable March 31 to holders
quarterly dividend payments had been
In
$1,052,182
income;
the
to
a
at
<
j;. v
1947
2,300,00®
The company on Feb. 25 announced
that its directors had voted
increase in the quarterly dividend on the
15%
$177,038
48,526
—$4,925,212
;
$3,110,08*
i'V
2,439
$93,422
4
taxes
AY'; 1945
approximately $900,000 derived from Sales of Inventories*
prior
5,537
45,752
948,820 shares of capital stock
giving
1946.—V. 165, p. 67. >
oper.
-YYi—-.YYY-w
.
♦Includes
of
$169,062
$139,174
45,643
$126,258
1946'
*$5,488,071
2,300,000
—
Income-taxes
Net earnings
——$3,188,071
$810,08*
Earnings per-common share
_" •.
$3.21 .'
$0.75
the
;
165,
;
.
.
income
Federal
679,000
Net
y*
JUt tU'l'H fj ?
Ltd.—Earnings
1946—12 Mos.—1945
$7,252,329
5,776,379
oper.
expenses
cost
share—
-♦Deficit.—V.
EjLttwtt
Mr,
from
1946—Month—1945
\
May Buy Indianapolis Plant—
for
Ended Dec. 31—-
I'W toch.w«,th. cowism
earlier Feb.
'
,
Y-'Ya- a.:;/Y'
/YY,,YYY-;: Y!
in¬
b
?nnual meetinB held
J
,
Bridgeport Brass Co.—Earnings-
of
3,024
from
Net
m
the
r
calendar Years—
Net
279,004
t
At
Y
1
Portland, Me., has been elected a director
Senator Ralph E. Flanders of
Springfield Vt
Payson is a partner in the Portland
investment
& Co.—V. 165, p. 806.
■
earnings
$448,066
$141,902
Dr5,752
2,374
Bessemer & Lake Erie RR.-
General'
has
will be paid at tha
income mortgage bonds..
of
M. Payson
earns,
♦Net
.$945,827
$441,384'
299,482
,
0r31,423
I
per
Januarj^—
capital
as
and
1946
year
Probable underwriters include Hornblower &
6 Webster Securities
Corp.
673,256, ^ 497,761
^
5,782
^Tile. "et'sales ftrid .ttid net
continue
H.
Operating
and
1944
14,232
available
income
Gross
the
The chairmanship
of Frederick H.
the
1945
$152,662
income
*Based
rSI
PebrtuaE,y completed fifty years with,the company.
Ki'icrppif
oU ^
Manager who joined this company in
1922; succeeds Mr. Specht as Vice-President and General Sales Manw
1922
Gross
the
stock split in
March,
on Feb-21 was elected
Was designated also to
calendar
the series A, 4J/2%
gotiated.
'
rates
$1,114,640
,
Net
-Operations
F. W. Specht, Vice-President
Payson
prospective purchaser of
—
The directors
& wai elected President-
'
reflect
(net)___
(net)
income
9 Months
$2,492,091
864,352
vY 78,116
■
the
on
(Expressed in United States currency)
to
share
p"*ld?nt ,sInfe 1939-
$909,539
freight
.Beaunit Mills, Inc.—Earnings—
•
7'Y
M.
Period End. Dec. 31—
21,000
4
1946
123,899
fixed
charges
Total fixed charges—
i-*,u <1
7YY'
for
May 1,
on
Brazilian Traction, Light & Power
Co.,
410,094
398,210
$1,249,540
799,632
$276,561
accruals-
tax
Income
$2,291,688
200,402
disposition of
Y
$478,445
Y
427,556
'
January—
1947
operating rev.
$1,087,089
operating cxp. Y;
810,528
income
Other
\
,,
$819,483
$1,645,249
Net rev,
Rent
123,696
$609,933
•5,351,034
.
assets
of
Used
$2,415,385
f
24,253
;
3,344,273
'
7
$391,429 V
■
*$353,990 !■ Y$367,176
Frov.
-
firm
per
,
Railway oper. income
> -t.ViHfi
■■
350,783
$352,371'
39,057
*$018,180
-
;
Month of
Railway
Railway
Net
Other
$1,699,358
Y 83,337
2,234,201
'
'
Bangor & Aroostook RR.- -Earnings—
•
$8,703,186
12,001,628.
$278,835
441,154
$3,297,583
from
taxes-
NOTE:—The
59,653
45,060
$1,258,204
traffic, and the effect of the increased
charges effective Jan. 1, 1947.—V. 165, p. 1063.
■;
...
,
.1,734,291
$615,822
336,987
$39,902
Director—
deemed
30,986
307,495
Common Dividend
—V, 165, p. 934.
$2,131,723 $12,670,996
118,80,7
New
Phillips
160,000
creased
1946—12 Mos.—1945
4,888,267
(other than inc.)
296,925
$2,735,243
-
Taxes
$1,588,956
.
Atlantic Gulf & West Indies Steamship Lines (&
Subs.)
Y Period End. Dec.
31
$3,304,085
562,340
^Deficit,
$494,858
>
$347,397
to succeed United States
who had resigned. Mr.
-
v,
183,409
!
income
♦Earned
lit)
1946
$2,301,108
—
Total
.119,764
V
income
Contingent interest
series
1944
69,540
'
33,049
678.
4%
$5,244,807
—
J
income—
Net
$468,141
;
-.73,903
$489,372
126,45®
67,509
interest,' etc..
rate of 4%%
will
company
'
1945
'Y; 11,843
$279,888
income—
To Pay Contingent Interest—
v
pre¬
$28,215,489 $25,526,217
22,970,682
22,222,132
i.
income
Federal
JANUARY
$468,453
112,911
50,350
a
income—
OF
585,203
259,063
28,864
:'Y
__—
.
tax a/c Railroad Retirement Act—
a/c Railroad Unemployment Insurance Act
Tax
YyyyY
1946
railway—$602,113
railway
oper.
165,
MONTH
the
1947
Excise
*
773,990
1947
255,268
—
operating
P.. 203.
—
♦Include:
1,828,514
665,324
549,436
(Dr)
income
Y Net
.
railway operating income
Net
6,036,887
1,385,094
4,988,55(1
$1,345,49^1
(Dr)_
rents
railway
acquired
Total
59,475
564,372
1946
1,334,0' |
$6,334,042
"
$1,113,456
income
Gross
written
a
convertible
_
from railway operations
revenue
1943 O
5,946,354
FOR
rYY-
January—
the
of
meeting,
'
,
,
Miscellaneous deductions
Total fixed charges
$528,385
Y 210,685
6,123,270
1,154,516
;\'Y;YYYY'YYYYY;;;>Y.,
Net
:
rents
fac.
Other
stockholders
one-third
new
revenues
Net
via
99,334
figures.
Joint
prefer¬
the
544,167
Nej; ry. oper. income
expenses
Ret operating revenue—
Taxes "
dividend rate on the new series B
on
outstanding series.—V. 165,
From Jan. 1—
Gross
t$658,9^2
i1947
$6,303,372
5,689,916
—
3.6%
,
of January—*
Railway
Y
1944
$506,303
<2,686,072
'/YvV Y'Y-
———
common
preferreds,
shares
any
the
of
Other income
Yy>'7 lY'YY
,$464,165
P;-Y...\')'
,
r
.
share for share basis. To compensate
present
and the
1948,
instead
♦Railway tax > accruals-.
Equipment rents (net)
Joint facility rents (net)
;
Y'Y'vYy,: YY,(Y.. ;Y ;fyY7y:;v;vy;y ,7y[ A;7
J1946
from
1945
$3,345,064
29
$100)
(par
In
Earnings-^
December
Gross
Oct.
SEC
stock
offering of
stockholders'
/j.;y
Ann
the
-
•
this
in
holders
if
at
1946
.
expenses-..,
1941r
been restored to all countries with
1062.
p.
proposed
•
$3,487,185
3,505,833
YaYy'
1063.
p.
January—
revenues
plan- contemplates an authorization of 900,000 pre¬
of which a new series of A and B preferreds would be
merger
Net
small number in Central Europe and the Balkans which,
by the Germans.. Plans are under way to restore tele¬
\§jvi,tZierland.—V. 165,
file,
operating
first
in
the
165,
T
,
'
according to an announcement.
The rate
poihts in the two countries has been reduced
the
mailed to
operating
.
Roumania,
with
,V
abandoned
Railway
competitive
include Morgan
of
Operating
filed
6811)
cumulative preferred
1'
Railway
registration statement with the
debentures due April 1, 1982. Names of
bidders
call between any two
a
to
country
resumed
was
for
service
(No.
of
^
———A—;
tProfit.—V.
tn
mam*
T-:
,
*$18,648 Y
Month
Baltimore.&' Ohio RR.—Earnings—
Telephone Service to Roumania Resumed—
-
'Y
has
effective
stock
Month
a
determined
i
am*'
"due
in
♦Subject to depreciation, amortization and
capital charges.—V.
o
bidding, but it is
Stanley & Co.;
The First Boston Corp. and Halsey, Stuart & Co. Inc.
(jointly). Net
proceeds from the sale would be used to provide its subsidiary and
associated
companies with funds for extensions,
additions and im¬
provements to their plants; for extensions, additions and improve¬
ments
to
its
own
plant; and for general corporate purposes. The
coupon rate will be determined by the successful bid. The registration
states that upon approval by the New York P. S. Commission of its
application to increase its authorized shares to 35,000,000, company
will proceed with an offering of capital
stock under its employees'
stock plan under which a maximum of 2,800,000 shares may be sold
on an
instalment basis. Officers are not eligible to participate under
the plan. Company intends to invite sealed bids for the purchase of
the new issue as1 a whole, to be received by 11:30 a.m., March 25,
1947, at Room 2315 of the company offices, 195 Broadway, New York
City."
stated
are
ahd
has
company
prior
p.
against gen¬
.
stated
heating'
,,
.
Y ./YYY •/.'
'
,
service—
Operating
J
become
will
•
filed
26,
$200,000,000 35-year
company
prohibitive
waive
-
.
statement
shares,
exchanged for present series
70,679,268
300,656,801
Registers $200,000,000 Bonds with SEC—
:
for
1 or
.
.
Boston & Maine RR.—Earnings—
/
Co.—Registration Statement With¬
:;:r:>\
ferred
>
A. T. & T. Co. of $56,479,871
by
,
Refining
stock.",
The
f
7,380,925,721 6,765,557,026 6,548,361,704
""Includes
eral
165, p. 202.
its
ferred
A
; Total
coal
'
..
automotive
DeLind
objection.
for
'4,Vconsol. held by public——
Jr./ President
both
—
of
♦Deficit.
proxy
not
344,285,959
10,795,618
,
'♦Surplus applic. to stk.. of A,
y,yT. & T. (surplus reserved)—
Unappropriated surplus—-—
Mr.
and
use
ho
program,
,
JJqrplus applic. to stks. of subs.
«
delay the refinancing
statement proposing a merger into the company of the Point
Manufacturing Co., a wholly-owned subsidiary, as a means
of' making certain changes in its capital structure.
One of the proposed changes is substitution of a single class of new
preferred stock for the, present preferred and the authorized but un¬
issued preference stock.
y:i
Robert H. Colley, President, said a special meeeting of stockholders
will be held March 20 to vote on the merger. He said the
merger will
9,905,668
14,369,794
Deprec. and amort. reserves- 2,225,414,650 2,051,763,026 1,882,844,252
Contributions of tel. plant—
1,023,276
credits
than
rather
December—
of
Rentals.
a
26,462,272
318,026,516
10,154,873
for
Balance
share on the $6 prior preferred
a
Breeze
111,477,463
45,817,364
47,454,784
15,137,966
165,290,469
12,611,566
14,137,166
_—
accrued
facilitate
registration
The
17,904,300
;
high,"
income
Total, cost
ment
728.32J.100
617,568,000-
37,946,387
46,858,295
liabilities—,-—
payable alter close
Other
Total
existing preferred
Payments on
possible to redeem
,
43,868,016 Y.
deposits
customers'
j
—_
Month
.«
Equipment
88,589,000
88,590,900
17,904,300
650,639,200
613,000,000
5,086,203
154,439,653
91,292,100
public-
by
(A. T. & T. Co.)
Subsidiaries
consolidated—
Delind,
-
all-time
an
W.
pumps
Boston Elevated Ry.—Earnings—
;
"The
ence
debt
Funded
at
fuel
of petrol for automotive
markets."—V. 165, p. 203.
request for withdrawal the company stated:
' ■
\ \
,'y
preference stock is junior in all respects to the presently out¬
standing preferred stock. Since the registration statement was filed
market conditions have changed adversely, and it has not been possible
to make an offering of preference stock on a basis satisfactory to the
management without calling both series of the presently outstanding
preferred stock. The management considers the cost of such a retire¬
In
7,380,925,721 6,765,557,026 6,548,361,784
.Common stock held by public
■
believes it
covering 296,000 shares
has been withdrawn.';
capital stock—
consolidated:
on
ds
uses
j;
and
Corp.
electric
in
shortages
basis mor« favorable to common stockholders.
a
should
The
T.)— 2,060,699,900 2,016,625,100 1,938,943,200
346,929,249
329,269,678
298,139,237
(A. T. &
Capital stock
of, Autopuise,
interest
household
inconclusive, but on the basis of long
operations to date as encouraging," Mr.
and
15,372,728
20,644,300
16,121,899
20,710,741
22,017,667
President
"Export
company, Mr. Eastwood said.
Since last July
been so strengthened througl\ better earnings
has
management
drawn—
LIABILITIES—
Subsidiaries
less
are
1947 of the dividend of $10
Atlantic
-8,209,729
2,389,088
;
20,496,227
—
Eldred,
Borg-Warner International
for anything
overseas
the
capital
added.—V.
taxes, yY"-'
rents,
expenses,
etc.—_
deferred debits—.
directory
Other
that figures
such
Is
.
benefited
on
15,
stock
7,807,812
201,109,303
43,188,654
deposits
cash
the
stocks
Feb.
389,295,168
5,964,817
cash investments..-
Temporary
Special
deposits
fiscal
new
,
55,787,121
—-r
funds
Cash
has
working
that
reiund bonds-,
tax
tions
its
25,801,322
3,773,327
57,589,770
575,000
27,827,276
5,730,086
26,382,886
—i—->—'
said.
our
Monday, March 3, 1947
-!"V• t
is prepared to proceed with its program of refinancing,
approved and announced last July, as soon as general conditions in
the securities market permit, he announced.
The decision to defer the program because of unsettled market condi¬
in excess of
subs, not consol.
i''.
;• j
The company
.
Invest,
«v
company's operations thus far in the
*
'♦ -<v- .*'•
1 *•
''
regard
we
Eastwood
owned
majority
in
Equities
that the
complete yearly cycle
a
experience
6,294,419,079 5.702,056,557 5,512,395,054
Telephone plant _i—
7,781,162 7,973,716
,7,080,936
physical property.:
198,966,053
199,731,480
Invests, in subs, not consol—
262,888j566
Misc.
\\'
1
»
a
Y
31
i;
"
year were "satisfactory." *
?
"The nature of our business
t
,;
r
'
*#.» h,
stockholders
two
new
water
$24,000,000." Early
sets
gas
at
its
in
1946
Greenpoint
combined
capacity of 27,600,000 cubic feet.* ■
Y" , v;r <j.•••»•:).
been considerable speculation as to whether' the cdm--f
ever use natural gas,"
Mr. Paige stated. "The answer iS|
it will be a very welcome addition to the company's facilities
and if it can be procured to the
advantage of the company and.
"There
has
would
pany
that
when
its customers."
Y,
appliances were in great demand during 1946, the--appliances amounting to $4,768,790 as compared
with $3,609,500 in 1941, the last pre-war year.
77
;
Y'Ahhough revenues increased in 1946," Mr. Paige stated, "normal
maintenance costs were higher and there were abnormal non-recurring
„
Gas-consuming
net
dollar
sales
of
costs
due
were
being rehabilitated.
to
the
curtailment
expanses caused primarily
Partially
a
In
of
mortgage
bonds
operations
oven
there
were
while
increased
the
ovens
operational
the coal strikes and higher labor costs."
abnormal costs, have been savings due to
by
offsetting these
refinancing program in 1946.
new
coke
addition
totaling
During
the
$34,000,000
year
bearing
the
a
company
2%%
issued
in-
coupon
'"V*J ;,')f If .' ,,$//'
'/
yolurae .165 : Number 4573
debentures.
The
financial
-
mn£ vi£i
of
p*°gram-
•:■•
rtIvtt t^iS2!!!Wny /;•
development and expansion
th»
—L
—t
a, ?n-, A180.116, emphasized the benefit, that wpuld come to Carrier by
01,^lae'hrid' varied Experience of the' three nominees.
>-jp& annual report of "the corporation for the fiscal year ended
p0*- 31,. 1946, revealed a net profit of $209,439, including carry-back
throuffh
Paige indicated that the*
"1947 was
the
prosecution
for
THE COMMERCIAL & FINANCIAL CHRONICLE
ofthnpnllil
t?"
St SJSf^«?^SrSJlSfe* ^
position
strengthened, Mr. Paige said
/-Mr.
/
:\3^
the
■
| Brown & Sharpe
directors
asjhe final result 61 operations. The comparable figure
the preceding fiscal year was
$382,301.
Referring to the annual report, Mr. Wampler stated, "During both
1*-°
SIOCK.—V.
160,
—
••
-
-
-
219.
p.
-
The
t
,
each
on
a
made
were
asmce.—V.
it
was
dividend
announced
on
Jan.
on
the
4,
Feb.
on
stock.
common
March 30
«
again
cents
The
Califorpia
to
company
pay
*1.000,000 2% %
lor
each
five
Commission
stock
a
has
dividend
shares
the company board
See
to convert
approval.
The
Perfect
Total
i
is
sur¬
Operating income
undertaking
Gross
this year
161, p. 2327.
i1
-»*/r
Ale, Inc.—Earnings—
^ing wholly-owned subsidiary
Total
of
Coot
goods
5 732 492
/
profits
$1.66%
per
248,301
'135,590
$33,468
$270,635
4,147
16,775
$37,615
$287,410
6,477
28,577
«.
4,770
$35,452
$26,367
and
stock,
bonds,
firm
'/'
:
total,
total" capital surplus,
$1,280,825;
$5,990,856.—V. 164, p. 2683. '
1948—Month—1945 >
'
$1,453,746
revenues
1946
Net
been satisfied.
In
v
ilStany C?rp
of
as
of
Dec.
31,
1945.
certain purchase
common
issued 1,903,011 shares of $1.66% par value common
31, 1946 and 615,157 shares ($5 par) common stock
were
Dec.
stock
There
were
held
in
the
treasury,
Net
Pfd.
value
—V.
par
v
stock
as of Dec. 31, 1945.
On July 17, 1946, each share of $5
common stock was exchanged for three shares of $1.66%
value common stock.
There
were
issued
and
outstanding at
31,
1946,
50,077
shares of $4.25 cumulative preferred
stock
{convertible) and 50,429 shares at Dec. 31, 1945.—V. 165, p. 204.
common
value
par
par
Dec.
Admiral
Corp.,
claims of holders
requirements of the Bankrupqy Act.—V. 165,
total
of
76,844
shares
of
stock
sold
was
under
v.
165,
Canadian National Lines in New
'f'
January—
Gross
*'•'
1947
Net
Net
( 'Deficit.—V. 165,
1946
1945
$151,600
Gross
Net
*52,696
*67,298
*102,480
^
*39,496
*71,697
Ended
21—
Feb.
earnings
—rV. 165, p. 1067.
Net
Other
$5,490,000
557,995
8,210,259
221,070
2,028,282
191,720
2,302,770
125,000
1,500,000
$5,562,432
$4,208,704
4,709
75,968
165,
$5,638,400
$4,273,754
139,461
from
from
138,743
Cr 2,080
-
1,672,555
1,681,180
8,650
262,859
Cr4,594
15,381
Cr4,571
Cr55,lll
Crl2,053
195,013
Cr55,395
Cr 1,159
indome
$369,494
—.—
165,
$3,770,150
780,440
Cr5,077
$2,458,p33
*912,267
York
1
,
i
806.
p.
..
>
^
:
:
>
v
Syracuse,- N.
Y.—Adds
Three
$209,439 in 1946 Fiscal Year—
-
/
Z/
.
^p*TSe' ^>irecto1' of the First Federal Savings and Loan Association.
■Ane
Hrtds,pa >;Mohawk Mutual Casualty Co.
~7posit Co. He is a regional Vice-President of
Manufacturers
and
Chairman
of
the
and
the
First
Trust
ry.
.
1 'c :V./V.; '
An
shares
fr'
expansion
on
president
program
the
of
nomination
Carrier. Corp.
of
the
new
' $504,083
143,582
220,957
113,736 ^
'
/
pointed
out
that
^ 77,214,
,
$529,066
151,093
67,948
70,681
•
-
,
Carrier's
Syracuse area, particularly the purchase,of
Thompson Road plant makes it-highly desirable to have
a^ve Syracuse business leaders on the board of the
Corpor-
$2,745,880
Exchange
a
for
on
class
Feb.
-
)
Street Ry.—Earnings-
,
'
11,130,911
'
$62,677
$63,145
$61,533
,
1945
1946
1947
>
•
$2,850,264
891,076
341,988
10,474,040 ^10,621,471
-
~
■
.
delivery.-
on
Feb.
first
24
-
r
p.
:
807.
•//. ^/v<'
to
purchase will be issued at the
rate of
$15^com-
•
//-v.
Shares
on
New York Stock Exchange—.
company
,
Illuminating company has 370,000 electric customers. Its. sales
electricity for 1946 totaled 3.0 billion kilowatt hour's compared
1.2
billion
kilowatt
hours
in
1930,
while electric operating
company.
due/jan.
compared witn
$24.9
■
million
respectively.
hopr
:
around
42.-^V.
and
Dividend—
proposal to double the number of common shares
Bronze Company, giving stockholders two
of The Cleveland
shares for each,
authorized on Feb. 21 by directors lor submission
stockholders at the annual meeting April 7, Bsn F. Hopkins, Presi¬
share now held,
to
York Curb . Ex¬
Bronze Co.—Plans Split-Up
Graphite
was
announced.
*
•
would change the number of outstanding common shares
Par value would remain at'$l a share and a
transfer kf $321,920 from earned surplus to capital stock account, re¬
presenting1 "the aggregate <p&? value of the additional shares created,
would be made: Affirmative votes of holders of two-thvrds^of outstand- *
dent,
.
„
t
The proposal
from 321920 to 643,840.
i
operates the city's elevated lines. The Chicago Transit
Authority, established in 1945 by the Illinois General Assembly, is a
million
Cleveland Graphite
ing bommbh ind preferred
judges Michael"U' Ig6e bfl-'Feh^^e'^rdered-" confffifik«tlo^l, of
ChiC^° TranS,t-
$45.9
Declares 75-Cent Common
'
first mortgage
—
were
The-Cleveland stock has, been traded on the New
for .many years
and is currently selling
165, p. 680.
'
v.;/: ''
authorized, the payments will be $37.50. per bond.—V, IS^.p. 779.
t;?r;(:vv.
•:
*■'*.!'••• V
10 11,6
Rights
change
•'///•/';.'
mortgage 4 V% % jhcome honds, series A,
■
on Feb. 21,
filed a registration statement with the
1,847,908 shares (n'o par) common.
All of the shares are
by The North American Co. which proposes to sell 1,714,523
to common stockholders and the remaining 133,383-shares /to
anticipation of continued; growth in electric sales, the Cleveland
company has announced a construction bu'dget aggregating $57,700,000;
of which $41,400,000 will be initiated in 1947.
Expanded sales operations are emphasizing industrial advantages of
the Cleveland-Northeast Ohio «rea. Since. V-J Day, over 170 companies
have announced plans to invest $50,000
or more each for manufac¬
turing facilities in the area, aggregating in excess of>$210,000,000
and creating more than 30,000 industrial job ^opportunities, thereby
foreshadowing substantial growth of business for the Illuminating
^
^
Co.—Registers ^
Illuminating
/;r:::
In
voted unanimously to pay 1946 interest
4%, income bonds due 1983 artd On
b(bnds due 2003—V. 165,
/' ;/.;■-■/
During the same period the company's average price per kilowatt
to residential customers dropped from 4.64c to 2.98c.
'
-
mortgage
income
■
sold
^
:
.
Electric
(O.)
company
revenues
25
A common
order for the payment of a year's interest on the
The company
1,043,016 /
381,8*0
The
20
-
$3,023,432
302,368
:
1944 /
1945
1946
with
common
-
in the
Stock
Ready-^r'
Federal
■
has applied to the New York Stock Exchange for the
listing of its 2,324,564 shares of common stock,
i :
:
^
The North American Co. owns 1,874,980 shares of the Illuminating
Company's common stock, representing 79.49% of th% total outstanding.
Of these, North American proposes to sell to its own stock¬
holders 1,714,525 shares at
a price of
$15 a share at the ratio of
one share of Cleveland for each five shares of North American stock
held.
The North American sale is in compliance with a divestment
order of the Securities and Exchange Commission.
•
? 1
,
■
'
1947
'
455,323
To List Its
1944
1945
$540,931
174,582
1946
1947
$681,079
—
total of 14, <
directors,-Cloud
•
was
income__
oper.
held.-
The
Illinois Midland Ry.—Earnings—<
Chicago Rapid Transit Co.—Ordered Sold
members will bring the board of directors to- a
•
Inc.,
share of Cleveland for tach five shares of North American
per
mon
was
If
LeTourneau,
$2,295,543
540,849
underwriters.
presented to Federal Judge Michael L. Igoe at Chicago; 111., on
by J. F. Dammann, Counsel for the first mortgage 5% bond¬
holders, for "consideration and authorization."
'
^u^ott is also President of the SYCO Manufacturing Corp. of
••
for
owned
•
A
5s
H:v
for five years Director
Peoria, 111., manufaeequipment.—V. 165, p. 1088.
/
•
G.
165, p. 680.
The
Chicago Rys. Co.—Interest Payment Sought—
Feb.
.
corporation recently to become art
827,619
with SEC—
&
of which he' Is President is a subsidiary of
•aonns-Manville Corp. manufacturers of building materials. Mr. Murray
also a director of the
Syracuse Trust Co.
i
•
commenting
"
railway
Cleveland
-
•
<
V'
Definitive1 general
the National Association
of the Manufacturers
Smith-Murray Corp.,
new
for R.
Revenue passengers
'
1, 2019, are now ready for delivery irt exchange for temporary bonds
at The Chase National Bank of the Ci^y of New York, 11 Brpad Street,
New -Yorki ;N;^.,~ and at' Harris Trust & Savings TBank, Chicagq. 111.,
trustee.—V. 165, p. 1067.
v-:
board
Association of Syracuse,- ^v
The
*
mortgage 4%%
*'•
this
left
railway_-_>_
Cincinnati
payments Voted—
"*')■'*'!.'
Bonds
/
President of Lipe-Rollway Corp., W. H. G. MurSmith-Murray Corp. and Frederick B. Scott, Presi-v
®eat-of. (the.'Syracuse
Supply Co., have been elected directors.« •",*: - :
Mr„, Hpdgkins is also President of .the Roll way Bearing Co. of i
©i
1067
class B
-the
'
large advertising agepcy in Chicago.
a
Month of January—
Net income
'___
Chicago Milwaukee St. Faul & Pacific RR.—Definitive
of
_
on
second
-
.
New
H.(Foilett.Hodgkins,
Presidertt
from
Net
Feb. 25 ordered 18 headend baggage-mail cars at an
certificates
The directors
Tne (
,:
■
■'
*
Dir0ctbrs-7-Earned
■ay,
*121,676
J
■.;•
cars
shall'be
Interest
prfferpjd sto^k how outstanding.—V. .165,
i
*67,198
Income-—
trust
certificates
the
1»'
*49,022
680.
p.
New
stock
cruals
accruals
Carrier • Corp.,
with
Relations
from
—V.
201,122
106,142
/
•;/'
■; ' #
Net
*
directed that deliveries
stock and stock trust
stock, up to and including March 13,
1947, may be made either with temporary certificates or with per¬
manent certificates; that beginning March 14, 1947, only permanent
The
of
—-»4—
$2,989,710 $1,545,766
Based oji $7 and. $6 preferred stocks previously outstanding and on
il
p.
certificates for
%
$364,710
Gillen
R.
v./:
Chicago Indianapolis & Louisville Ry.—Form of Ctf.—
,
_
$571,314
*29,144
railway
BalartCe "
.
$636,937
30,568
■
Cincinnati, New Orleans & Texas Pacific Ry.—Earns.
of.
ujyldends^ applicable to pfd. stocks for period
"S5.
Public
680. '
railway
oper.
ry.
—V.
65,050
$507,068
.
-
Net
Net
3,682
mtge. bonds—
int. and deducts.
W.
turer of heavy earthmoving
,
1944
$759,245
1945
$760,432
63,728
railway____
railway
income
The
1
Relations Director—/;"■/,/'■■:.v
Prior tp joining the corporation, Mr. Neff
Gross
1946
emer.
Chicago &
Gross
1,500,000
$502,359
$516,967
:
when
account executive
of
January—
125,000
Amort, of prem. on debt
Int. fchgd. toc Construct.
Net
created
1947
from
from
/
The appointment of Roland S. Neff as Director of PubHc vRnk>.t|i6ns
and Advertising was announced on Feb. 21 bv Albert J. EsTJing, VicePresident in charge -of traffic and sales; Mtf Neff fills the vacancy
SEC
7,504,858
3,249,918
2,186,889
$513,285
(net)-.-
income
■'V,-"'-.:
Public
—V. 165, p. 536.
re¬
revenues-.
New
;
1, 1947, on the
general income mortgage 4%% bonds, due 2038, to holders of record
at the close of business on March 15, 1947.
The New York Stock Exchangqon Feb. 21 directed that the said
bonds be quoted ex-interest 4%%ofLMarch 12
1947; and that the
bonds shall continue to be dealt in 'TVt."—V. *165, p. 807.
1947—12 Mos.—1946
787,152
on
Other
1,016,350
Chicago Great Western Ry.—Interest Payment—
$1,598,144 $19,603,743 $18,650,369
179,229
205,190
income
appropriation
Gross
Int.1
$3,110,759
1,341,836
$3,547,080
111,821
I
This company on
1946
1947—Montn—1946
$1,809,856
_
income
$276,598
67,059
.
Soya Co., Inc.—Definitive Debentures Ready
-'
1947
>
expenses
oper.
$295,782
,
Payment of interest of 4%%. will be made on April
Property retirement
serve
Controller.
v
1,^43,804
$960,000 from Pullman-Standard Car Manufacwill be streamlined and put in operation along
with the
284
units purchased last November
to completely replace
passenger equipment on the road's lines.
Eight of the 18 units are postal cars with 60-feet mail compart¬
ments;
ten
are
for
baggage and mail
with
30
feet
alloted to
*93,663
/
$5,578,000
revenues
on
1,912,000
conform
not
H.
mail.—V.
__
Period End. Jan. 31—
Federal taxes
Other taxes
145,063
3%
turing Co.
Carolina Power & Light Co.—Earnings—
Operating
Operating
168,724
approximate, cost of
Canadian Pacific Ry.—Earnings—
Week
Traffic
$7,212,471
2,157,908
/ Chesapeake & Ohio Ry.—Orders New Equipment— ^
679.
p.
1,378,106
;
♦Deficit.—V. 165, p.
$157,800
*15,714
$7,137,186
177,554
chgs._
165, p. 334.
Net ry.
1944
$187,000
*19,240
railway—
from railway
ry.
oper.
income__
$599,215
it did
935.
p.
Chicago & Southern Airlines, Inc.—New Vice-Pres.—
Junius
January—
England—-Earnings—
$192,600
from
62,804
January—
679.
p.
$7,149,667
105,770
Central Vermont Ry.—Earnings—
the
recent offering
as
follows:
17,000 shares to Admiral Corp.
(Del.);
16,791 shares to stockholders of Admiral Corp. (Del.); 43,053, to public
through underwriters. > The balance of 73,156 has been removed from
registration.
The stock disposed of was sold at $3 per share.
See
Also
$7,031,416
21,732
that
and
Putnam, President, on Feb. 24 announced the election
Cooper to the position of Vice-President of the company.
The appointment of Mr. Cooper was made at a directors' meeting
Feb. 18.
: /■/;-■: -vt-:
-'V;': "
Mr. Cooper joined C.
& S. as Treasurer in October,
1946, after,
\ more than ten years with the Hamilton Standard Propeller Division .
of
United Aircraft,
Inc. where he held the position of Divisional
sinking fund debentures due/Sept. 1, 1966, are ready
for
delivery in exchange for temporary
debentures at The
Chase
National Bank of the City of New York,
11 Broad St., New York,
N. Y.—V. 165, p. 806.
Ltd.—Sells
common
$577,483
of convertible bonds
Carleton
of
income
requirements.
the
taken on the
was
„
income
div.
Definitive
76,844 Shares
of Stock—Balance Withdrawn from
Registration—A
spec.
Central
■
Canadian
equiv.
subject to
par value
option agreements, 2,700 shards of $1.66%
of Dec. 31, 1946 and 10,000 shares of
$5
as
&
on
action
no
to
297,374
124,805
taxes
Ste?vene STta case'tafSre
tad MUBht to
friend of the court but
a
of
296,711
6,082
Deductions
Federal
There
*•
$583,229
Non-oper.
and 1945.
as
operating income
income (net)
as
Alleghany holds $17,589,000 in Rock Island bonds.
In referring the plan to the ICC for further consideration, Judge Igoe
held it did not made adequate provision for fair and equitable treatment
1946—12 Mos.—1945
25,397
5,TJanc,e; * n®}v pian 30r pa"lal reorganization or w
Appeals Court
/$l,341,994 $16,159,562 $15,400,281
27,123
order, the Appeals Court vacated a ruling by Judge Igoe
substance, a new plan for partial reorganization of the '
petition.
taxes
V-
,
second
a
approving, in
surplus,
earned
$589,311
1945, respectively.
.«(3)
than
income
on
-
The above summary includes provision for depreciation of build¬
ings,-. machinery,
equipment, r etc.,
in
the
respective ■ amounts of
*100,649 and $103,477 for the three months ended Dec.
31,
1946
stock
•:
...
.
Fed.—other
net Income of the company's Canadian
subsidiary,
whose accounts ate included in the above
summary,
amounted to
Approximately 20% and 12% of the consolidated.net income.for the'
three months ended Dec. 31, 1946 and
<2)
:*'•
-
..
$336;
Period End. Dec. 31—
>
Operating
.$0.24
(1)/Vim
NOTES'
it.
Objections to confirmation of the plan had been raised by two groups
bondholders who contended that "changed conditions" had arisen
since the plan was approved by the trial judge in 1945.
These, they
contended, included accumulation of cash, elimination of some creditors,
increased earnings and improvement in the road's assets position and
reduction of the equipment debt.
;
V
'/
i
However, the Appeals Court said: "Regardless of the changed eco¬
nomic conditions after approval of a plan,
changes in economic
conditions can not be used as a wedge to have the ICC re-examine ljts /
former valuation figures.":
.:
,i'
^
The ruling held that the claims of the senior creditors had not yet,,
Central Maine Power Co.—Earnings—
$500,758
$0.30
$440,121;
$523,306;
com¬
share/-
J
of
$231,632
31,
DEC.
c
was approved by the ICCMn May, 1944, ahd
approved by the trial judge in the following year. The Circuit Court of
Appeals' approved it on May 23, 1946, but Judge Igoe declined to con¬
27,200
SHEET,
.
(no par).
The reorganization plan
62,552
taxesIIIIZI
value issued
par
$2,185,289
1,914,654
bonds, series B, due Aug. 1, 1976,
contract payable, $5,000; total current and accrued liabil¬
ities, $328,517; total deferred credits, $33,416; total reserves, $1,279,671; common stock ($10 par). $1,000,000; premium on salo of capital
58,858t
excess
$447,755
414,287
Cr4,041
BALANCE
ordered the Fedefal
21
on
the determination by the ICC of the eafcnin3 power of the
property, past, present and future.
\
The capital structure is divided into first mortgage bonds, second
mortgage bonds, preferred stock and 1,522,672 shares /ox common stock <*
$1,100,000;
$870,470
$627,669'
*Net income
mon
and
taxes
Feb.
on
based
12 Mos. '46
LIABILITIES—First mortgage 3%
14,249
profits tax
Foreign income
(& Sub.)—Earns.
and equipment, $4,721,665; miscellaneous
cash, $527,969; temporary cash investments,
$251,267; notes receivable, including accrued interest, $60,993; accounts
receivable, $174*281; materials and supplies, $165,547; prepayments,
$24,489; tcta| deferred debits, $64,309; total, $5,990,856, .
•
$856,221
45,169
293,840
exeess
income
RI^~~*ApprOVal $
by Appeals Court
of Appeals
,
$1,057,100
Federal
state
Court
refusing to confirm the plan, Judge Igoe had referred it to the
Commerce Commission for further consideration.
^
Under the reorganization all creditors ate provided for "in varying
degrees," the oourt held. It provides for capitalmtion of $356,117,327
ASSETS—Plant, property
stocks
*.507,436
(net).
&
Circuit
In
.
CONSOLIDATED
3,752,893 v 3,292,587
$l,0li,931
credits
led;
6*309
s.
Interstate
/
$41,380
ii. ;;/.. 9,969
deductions^.
Balance < to surplus.
4 507 43fi
'
.
'•*
U.
District Court at Chicago to approve the plan of reorganization.
The Circuit Court ordered that a ruling of district Judge Michael'L.
Igoe, refusing to confirm the plan, be vacated and that the plan be
returned to Judge Igoe with directions to confirm it. *
1589.
$35,071
...
income
1945
$10,497,317~,$8,656,245
sold
p.
$563,164
528,093
.
income
^
f946
Advertising, selling, distributing, and general
and administrative
expenses—,,.—,
Income
^
companies)
164,
1946—3 Mos.—1945
insurance com¬
an
company
3 Months Ended Dec. 31—
below.—V.
Other income
Program in the amount of about $2,000,000
Canada Dry Ginger
,
Corp.
operating revenues
operating revenue deductions
Total
Prov. for
/
Circle
Central Louisiana Electric Co., Inc.
The stock dividend, one new share
now will
await action by
Indicated purpose is
|S8Ue Commissionhas been placed with
Previously
to
subject
.e*pansl°?>
and next.—V.
The
...
Period End. Dec.. 31—
plus earnings into capital.
pany,
Rpn?panl7ntinnCpi ^ r?^ &
Reorganization Plan Ordered
able
,
outstanding,
of directors.
,
suppliers and
Cartonic Corp.—Dropped from rjPlan-
,
approved the application of the
and to place privately an issue of
bonds due in 1971.
common
of
none
►
California Water & Telephone Co.—Stock Dividend—
Bonds Placed Privately—
4
f
troubles
annual reportvindlcate that Carrier
to
ciosevoniy $23,476,247 of business aithough orders booked
$40,053,004.
■•■.. Asof Oct. 31, 1946, Carrier had a backlog of unfilled orders
amounting to $31,635,191 as compared with $15,051,060 a year earlier.
—V. 164, p. 3410.
deferred
50
last year:
June 29,
and
labor
Figures°presentedr°inUCthe
The
■
Distributions of
,l64v-pi. 2007,.
the
totaled
have
20,
Transit
,
and parts resulting largely from
ceiling prices on their products."
.'.i
Co.—Again Defers Dividend—
directors,
action
.
_
1946,
levels, iri relation to .u*e volume of business that .it was possible to
complete, especially last year, because of severe shortages 6f materials
-
was
Bullard
and
Carrier executed a large part of its expansion
and modernization
program, especially that connected with the Geddes
Street plant and marketing operations.
Thus, expenses were at high
y
~-i
»
have voted to recommend to stockholders at
the anmeeting, April 8, 1947, that
the capital stock of the company be
rAe:lor"one" Henry D. Sharpe,/President, said out of an authorifinnnn
shares, 138,620 are outstanding.' The recommended plan
£a"ge each $50 par share for five shares of new $10 par
^ir
«r.ftd
1945
sale
challenged by minority stockholders.
No objections were made to the plan for sale of the Chicago: Rapid
Co., and Judge Igoe set March 19 for an order of sale to be
presented.
The order of sale for the Chicago Surf ace'Lines-is to be
presented to Judge Igoe March 5. The confirmation order contemplates
sale of
the elvated
properties for $14,111,000.
Sale of the Surface
Lines properties had been
approved at $75,000,000—V. 161, p. 981.
,
/
t
Mfg. Co.—Plans Split-Up—
The
with power to operate a public transportation
Chicago, embracing Surface, Elevated and Subway Lines.
&
of the Chicago Surface Lines to tne Tranoit Authority
already has been approved by Judge Igoe and his approval was upheld
by the u. S. Circuit Court of Appeals on Jan.
4, after it had been
The
for
fiscal
nual
municipal corporation
system in
tax credits,
?6Vpm3!39h thG COllateral re«uirenS ^ addSl^nS!^
1183
'
,,
shares,^ including; twp-thirds .of. oatsian mg
«
stare on com--
regular quwterlydivWend of $l.p as are
preferred stock, both payable March 13 to holders of record M
mon sto®k> ,»nd. the
on^ #
h. .
|
will
distributions were made bn the common stock:
March 12, June 11 and Sept. 12, 50 cents each; and Dec. 11, a year-end
•of $1.50.—V. 164, p. 2820,
.
1
*
the following
ast vear
insurance
'
.•
"
r
•'
..
'
>
Clinton, Mich.—Files wi|h SEC—
Clinton Machine Co.,
our
Other
*
"
PRESENT FINANCING
the
of
exercise
shares
30,000
warrants
>
BUSINESS—Company
was
uncollectible
'
2688.
p.
.Gross
,Net
143,234
'Gross
'Net
from
from
Net
ry.
Wyoming
&
M
-
—V.
•
-
On
June
shares
of
■
•
'.
-
by
the
hnderwriters
are
as
of
names
be purchased
to
each
$142,028
$101,143
49,168
37,295
income__
17,743
oper.
Reynolds & Co.
..Walston, Hoffman &
16,744
\
James H.
Price &
Robert C.
Jones &
,
&
Co.
&
Farwell,
Co.
&
Co
5,500
Piper, Jaffray & Hopwood
Co.
5,000
Mead,
Miller
Co.
&
income*.*..*
applic.
to
Marshall
4,000
-Paningtori, Colket & Co.—
F.
"WARRANTS—Ey
Hornblower &
>40c
pei'.share,
agreement
an
Weeks
or
and
Shields
aggregate
an
S.
Yantis
&
$4,654,904
Auchincloss,
&
Inc..,
Co.
yC.
Parker
2,000
-
Fed., State & Other taxes
197,662
742,662
Redpath,
&
Miscellaneous
agreed to purchase for
consideration-of $3,000, transferable
tion
-
♦Of
of
stock
the
present
reserved
fihancing,
from
plus
the
number
to -..time
time
Dec.
for
exercise- of
first
(c)
issuance
the
of
capital
stock
of
the
company
into
greater
a
conversely,
any
contraction
of
the
of the capital stock of the
company.
v
Auchincloss,- Parker
&
Co.
have
of
10,000
or
*
any
for
Hornblower
of
six
warrant
firms
or
their
to
months
from
such
any
the
stock
date
may
respective partners.
STATEMENT
;V
OF
from
Total
opera.___
.:
•'
$796,640
*$039,804
for
$198,006 /
7
*"$595,817
Fed.
19,137
40.635
26.531
/
43,667
$173,329
<■
inc.
tax.
,
tWo-for-one
373.609
,
$103,729
••
■
-
split-up of
by the
shares
is
figures, do
Bankruptcy .Act.
companies;-
Ohio
companies
are
operations
any
the
period
.
as
'
•'
-
,\i
21, filed
first and
of
.
,
.
registration
a
refunding
mortgage
Consolidated
of
and
series E,
due April
Farmers Trust Co.
the
series
interest
to
following
26
Edison
Co.
of
for Redempt'n,
York,
New
voted
Inc.,
April 1, 1947, all of The New York Edison Co.,
refunding mortgage 3'A ck bonds, series D, due
on
D
at
Payment will be made
1966.
1,
office of J. P. Morgan
interest and the series E at
at the
or
and
10272
bond-
April 1, 1947.
Cash will be available to
deposit of funds for redemption on Or
■/•//> >
:./\ \V7 ■■■' 7" >■'
'
/;/
about
the
/"..?■
bonds
,
total
,
in
$85,000,000
•
>
,
Company Elected—
*
of the Westchester Lighting Co. and
of The
Power Co., was on Feb. 25 elected
a
trustee of Consolidated Edison CO: of New York, Inc.
He takes the
place of Oscar H, Fogg-who; at the time of jhis retirement last June,
P. Prezzano, President
Yonkers Electric Light &
Edward
are
in
Chairman
was
ofythe
covered
of
executive
the
committee
the
of
company.-
.
'
J
Weekly Production Up 16.9%—
Cincinnati* Gas & Electric Co.
Power & Light Co.
and its
Co., and Viking Distributing Co.
are
if
Feb.
New Trustee of Parent
Amer-
Trustees
/
//•?.,;/
-
Iri all, bonds totaling $194,648,000 "will be either redeemed or pre*
paid under .the terms of the first step in the company's program.
Feb. 26 announced that! System output of elec-«
tricity (electricity generated and purchased) for the week ended Feb,
23, 1947, amounting to 217,006,000 kwh., /compared with 185,600,000
'• kwh.
for the corresponding week of 1946, an increase of 16.9%>v Local
/distribution
of
electricity amounted to 201,300,000 kwh., compared
with
180,700,000 kwh. for the corresponding week of last year, .an
/increase of 11.4%/—V. 165, p. 1068.
'
The
Dayton
Supply
Fuel
treated
to
indepen¬
its subsidiaries, except Ken¬
include
not
statements. ' They
The
co.;
the
assets
.
principal amount, $55,000,000 in
>series D and $30,000,000 in series E.
They are the first to be called
under Consolidated Edison'S current refunding program; the initial
part of which was approved last week by the Public Service Com-
of little value.
are
have been disposed. of during
subsidiary
former
"
' _'
and the remaining Columbia Gas
affiliation had existed. - Fixed
no
company
on
of
-
the
/directors'
The directors
1
at Nov
at Nov. an
30,
the
on
■
board
of
meeting
of
/■
,
resulting
.
.
■
Sept.
24,
165, p. 936. //
50
•
:/
Columbus
;
January—
Gross
directors
shares
from
Net
ry.
Vi'%
in
■
of
Feb.
on
24.
A
stockholders
common
stock
April
record
1945,
•
24,'.
■
were
will
paid
be
March
-
railway____
$149,362
499
i
-
- •
,
,
10,
par value of the 757,218 new shares to be
15
165, p. 205.
21,182
Vice-President and Actuary, and
Manager of the bond department.
Mr.
Sellers
Co.—V.
H.
shares
p.
3C09.
4
of
this
weekly
kilowatt
corporation
hour
B.
/
1936
.
to
•-
•
as
'
Gerard
' • *
to
dated
of
1945»
NoV.
as
29,
and ■» due
Actuary,
to
of
show
His
Brothers
electric
energy
business
on
Fairman
p.
is
&
Co.
are
at
$2
:
Jersey
The
corporation
/
3,
1919.
specializes
also
manufactures
shampooing
cleaning
rugs
It
was
-
D*
Chemical
/
Corp.
purchased
by
carpets,
' "
I
otheJ
"
••
was
lncor-
Continental
•:'
•
of heavy
large floor areas.
I®
for
polishing
and
scrubbing
floors,
industrial vacuum cleaners and wall
especially
equipment
and
:
'
corporation) June 15,;/1931.
In the manufacture and sale
•
of
/-/
//i
working capital arid for
(an Indiana
floor- treatments,
■
City,- Nf J.
used for
be
"
Oct.
./V:/./.
Corp.—Stock Offered—L.
BUSINESS—Continental
AND
Illinois
Car>Na-War (Corp.
of
trustee
Co.
the board ot
retirement] of Oscar
the Flatbush Savings
the
offering 132,500 shares, ($1 par) ot
per share.
Corporation Co., Jersey City.
Registrar-*
will
•
duty
subsidiaries
conditions
20, 1947, amounted to 295,962,-
a
member of
a
by
•..
Agent—U. S.
and-Transfer Co.,
HISTORY
•
Co.—*
Subway
Consolidated Edison
the
of
elected
vacant
'
Output—
of
also
Car-Na-Var
stock
.porated, in
—
24
left
188.
corporate purposes.
banking
Harriman
Feb.
place
158,
-PURPOSE—Proceeds
,
previous
^
general
'Registrar
and
'
ended Feb.
the
Mr.
Fogg.
common
of
/
r!.;
•
post
Vice-President
was
take
Sherman &
position
.
the/President.
Co.: arid' Brown
Fairman,
to
Electrical
&
l".^'5 v-.>i
Transfer
Assistant
-
the
the New York investment and
output
adjusted
territory served for the week
F.
York, Inc.,
Continental
^
Commonwealth & Southern Corp.—Weekly
The
Nation with the SEC
146,
Victor
joined Commonwealth in
appointed Actuary in 194^.
Mr. Gerard had been Assistant
/
New
directors,
10,975
Telegraph
Director--
-James
of
Co., Louisville, Ky.—
'V/V?C;V
of
L^"—FUes wlfh'sEC—ntIeiWr''erS C°-' InC" ShreveP°rtPreferred
V
$126,080
26,519
elected Richard. M. "Sellers to the
h
common.
•
45,921
709
Insurance
?ckho.1ders approve the split-up, amounting to $945,522
business
fu8
Pa!d'ln surPlus-which totaled $1,012,500 as ^ firms, of connections included
•v
Biggs, Mohrman; &
1946, the end of the
company's fiscal year.—V:
" 13,327
• 5..
Consolidated
New
1944
Bank.—V.
Life
Feb,
loan aSr®®""
Nov. 1&>
a
dated
,.
-Vr:-'..
on
Consolidated
All of the
bank
under
banks
,•
V
1945
$173,515' '
$133,429
-
Promoted—
directors
certain
,
1946
/
12,588
income—
Commonwealth
The
for
1947
680.
of
notes
and
Consolidated.
by
owned
Consolidated
by
in
Ry.—Earnings-
railway__.__
165, p.
securing
shares, vare
pledged
Consolidated
?
Greenville
.
oper.
Officials
total
share now held
by 50% of the
set
&
been
between
Nov. 29,-1948./'The proceeds of the siale of Maine's stock wilt^bo
/deposited under the-above mentioned bank loan agreement in cQnnJc*
['•- ''<y ^
*1
' *.
^
tion
with the
release
of the
capital stock of Maine from pledge
made: < On May. 9, ;2Vi%-Jn '
thereunder, and will be applied towards payment of the principal cl
in
cash,
plus "./SO
cents !> said notes of Consolidated.—V. «164, p. 1717, 3288.1
cents
was
2
the- dividend
-
capital
of
from
Net
—V.
Split Up— -"v
authorized
10^14 778PnSe^e(feand3fifRrfod shares of
11,118 preferred and
8,860 iletter ,of
of
holders
to
'I
;1
-
9
from
following payments
and ; on
extra.—V.
$39,742
payable May
shares
qualifying
have
ment
'
•
New
500,000
,
Last year the
/■stock;
■
the
stock,
/shares
Stock Distribution^
have declared, a dividend
common
Fractional
cash.
'
600
■/.■•'
outstanding.
o«2inSife(S
.
forma"
which
and
The
?
its
(111.)-^Consolidation—
above.
/V/'r/-.
■■
.■%
'
a
wnifiH
Federal
and
5
'
•
•
-
-
3,145
'-"I
frJ*VLPlan' Wilich W0Yld exchan«e eacb $7.50 par
nrpJnt
5
approval
present stock at Par shaFes> l* subject to
special
"
the
repealed
-
-
York Edison Co. 31/4% Bonds
and
Inc.;
March
v.,
v
;;
t
not include American
do
common
■
1947.
———
•••-'•'
/
$9,485
'•
°$571,852 7
;
.
aPProved
•"
under
been
\
by
The corporate charter of
Columbia Pictures Corp.—2^%
64,600
Cr64,600
Colonial Mills, Inc.—Plans 2-for-l
of
subsid.
$12,630
$39,742
,
The Board of Governors of
'
has
v
v
.
statements
its subsidiaries.
Co.
examination
Moore
each
•
York Curb Exchange on Feb. 19
for
listing on the Exchange 30,000- additional shares of
capital stock, issuable pursuant to exercise of options.—V.
165, p. 1068.
A
income
annual
for
charges and-preferred and preference dividend requirements of Colum¬
bia Gas & Electric Corp., amounting to $8,748,357 and $10,110,259 for
the 12-month periods ended Dec. 31/ 1946 and Dec. 31, .1945, ' respec¬
tively, have been adjusted to reflect the retirement; of the preferred
and preference stocks and the debt refinancing. Federal ;ihcome tax pf
Consolidated-Electric & Gas Co.—Hearing on Sale
Columbia Gas & Electric Corp. has been computed to, give effect to
i Maine Ps, S. Stock March .7—
the changes in taxable net income resulting from the exclusion of
/
'/:/:/
;
/revenues received from the companies'disposed of arid (he/adjust¬
The- SEC will hold a hearing t March 7 on-, company's • proposal to
ment in fixed charges. ,The indenture under which the ne.w debentures
> sell
at competitive bidding, the presently authorized and outstanding
were issued provides for the retirement of
$2,000,OOO-bf debt in the first
'/capital stock of Maine Public Service Co. consisting of 150,000 shares
year, and increased amounts in"later; ye'ars;—V/165; p. 335. //
v:// of common stock (par $10), all of which, with the exception of five
approved
:
the
stock
,
lien
1,1965,
105
3
' '
Hi.
of
on
the. City Bank
Co.,
holders
•
share
subject
share
-
$100,000,000
trustees
•
-
33,779
/ $3,925 /;
$199,860
*■$636,452
income
4
P- •$21,149
*$15,212
1,854
Listing of Additional Shares Authorized—
*
at
&
cents -per
'
and
share), one share of Moore
of Conlon common stock
per
par
•
1943
v
■
tentative
are
$100
$1
common
"
Corp.
company
first
/Oct.
.
the
stock,
79
cents per
of
of
-
24 to redeem
Inc.,
7
'f $817,789
1944
-
"pro
.
to
70
2956,
.mission.
of
Transactions between these companies
;
$1,151,770
deductions
#
r
its
-
'System
\
$1,136,558
43.S87 ;/
Income
♦Loss1
v
$1,582,050
•
Net
i
•
,
$1,780,056
«
^ Est. rec. of Fed tax.
♦
V
$3,401,599
Net income
Prov.
'
—Years Ended Dec. 31—
1945
trustee
these income
and
v
„
a.
Power
1946 and
value
for each
shares
Moore
Calls*New
but
for
common
stock
for
The
ended
charges,
which
of -common
amounted
31,
31, 1945.
months
12
fixed
of
-
Profit
Other
•.
'46
$2,761,795
Other income
'{
'
.
companies
by
except that
ori distributed by
sold
be
by
&
the
and
retirement,
share
per
Dec.
statements
year
consolidated
or
during
debt
corporation
ended
completion
Power Co.
(3). The
r
issuance,
INCOME
Nov. 30,
___
Cr36,326
banjkruptcy have also been appointed for
Shields
;.
11 Mos. End
Total operating exp.
of
cents
16
the
tucky Drilling Co., whose assets
shares
y./ZV
Weeks and
&
he la
and,
shares
to
of
months
upon
The
(2).
lean. Fuel
agreed to purchase warrants. covering an aggregate
of capital stock and have agreed that any warrant
purchased upon the exercise thereof will not be resold
Years End. Dec. 31—
Total operating rev.
•
of
outstanding
12
12 months ended Dec.
Fuel &
shares
stock
such
any
the
Redpath,
Cr41,402
expenses
for
dent accountants now in progress.
•.
each
period
a
&
of
equivalent
earnings
the
for
adjustment
to
number
number
is
year
of
value
outstanding mortgage bonds.-
592,265
2.909,603
$13,080,167
deduction
requirements
NOTES—(1) "Current
subscribe for or
options to purchase shares-of capital stock at a price less than the
warrant price then in effect;
and (d) the declaration and paymeht
any stock dividend
or
subdivision of the outstanding shares of
rights
any
for
for the
i
-
sale
or
and
1946
After
forma
pro
outstanding
the
31,
1945,
allowance
share
capital
of
shares
of
Dec,
31,
before
(including the number of shares of capital stock-which shall
Fave been
Issued
upon
the>.exercise»thereof);
(b)
the issuance or
*ale of* any securities convertible
into shares of capital stock at a
conversion
price per share less than the then prevailing
warrant
price;
2,905,632
these
ended
warrants
;
990,264
' 629,264
Crl,800
stock and 332,000 shares
stock reduced from
preferred
par
.
statement with the
bonds, series
A, due 1982. The names of the underwriters will be "determined by
competitive bidding. It is reported that the probable bidders will
include Morgan Stanley & Co.,
Halsey, Stuart & Co. Inc., and The
First Boston Corp.
(jointly). Proceeds will be used for redemption oi
amounts, $14,173,742 was paid to the .corfioration. by' the
subsidiaries in the form of interest and dividends during the 12 months
any
capital
Cr22,932
.
stated
a
Conlon
The
SEC
$3,583,613
$3,384,206 $14,678,746; $11,955,174
Earned per share on, 12,223,256 com. shares™$1,20
$0.98
of cash
per share less
than ; the warrant price then in
shares of capital stcok in addition to the 515,600 shares
stock which will be issued and outstanding at the comple-
effect, of
income...:
.
was
Consolidated Edison Co. of New York, Inc.—Registers
/
•
•
•' i
1,077,258
154,716
233,038
y
$50
stated
/
with SEC—
Consol. net income—
amount
an
of
.
etc.
See
Feb,
warrants entitling
the holders thereof to purchase an aggregate of
30,000 shares oi
capital stock at
$2
per
share above the public
offering price. "®ie warrants are to be dated the date of the closing
date and are to expire three years from the date thereof. The warrants
will contain jnovisions for the adjustment of the price at which the
same are
exercisable and tire number of shares purchasable pursuant
thereto in any of the following events: (a) the issuance or sale, for
-
charges,
•".
15,000
and
7■
/
728,316 /;
171,959
expenses
fixed
stock
of
with
exchange
p.
have
Co.
in
•
f
Admin,
"
Approved—*
of name.
v
/ i
increased from 8,000 shares
shares of no par common
change
Corp.
Moore
shares
share.
(having
164,
v.
$4,428,476*'$19,1G2,504*"$16,497,97.4
2,000
_
de¬
31,
-
$4,556,651 $19,622,914 $17,022,055
58,175
'460,410 ' - 524,081
M
„
Corp. by
of
Conlon-Moore Corp,
47,014,610
8,178,567
5,220,865
7,820,006 7 4,756,260
4,725,331
"
Electric Corp.:
$1,536
for
-,r'
Illinois—Consolidation
of
four "additional
V.
$4,748,603
93,699
-
corp._
Columbia Gas &
3,000
2,000
—
^
Bal.
3,000
—
tax__
Miscell. inc. deductions,
.
3,000
_
-
—
prof.
exc.
Gross
i
taxes.:.
$5,849»
earned in 1946 as well as a dividend of $1.50 per
preferred stock on account of arrearages which as
1947 amounted to approximately $6.14 per share..
//•In December, 1&45, the Conlon Corp. acquired 8.27c
of the 6,941
.shares of Moore preferred stock and 89.27c
of the 13,262 shares of
Moore common stock.
The Conlon Corp. had outstanding 7,266 shares
,of class A preferred stock and 218,089 shares of common stock.—*
disposed of>?£7.7y
54,513,160
7,682,286
5,432,115
-
*
•
$50,812
been made
" ," /' '
has
;
-
.
'
preferred
stock,
per
preferred
shard on
.
Subs;)f^Earhiilgs-y
12,736,631
2,216,701
1,179,994
1,289,438
1,128,078
15,656,046
1,698,703
1,426,582
1,529,966
.
taxes..._
income
Federal
3,000
-
_—.—
Chapman
Johnston, Lemon & Co.-
maintenance..
&
'•Federal
3,000
,
2541.
p.
20,172
-
$11,309
V"
allowance
no
$70,984
>2,551
T
figures
3,636
"
$13,860
already held. The Moore preferred stock remains unchanged. / The plan also provides for the paymeht of all dividends on Conlon
;
23,149
7
-
"
share
$154,825
67,797
1946—3 Mos.—1945 V/1946—12 Mos.—1945,
"
* ' ' '
*
Int.,
Foster &
■;
$67,348
the plan, two shares of Moore .preferred stock will be issued
exchange for each'share of Conlon no par value class A preferred
$25,059,905 $23,107,493 $95,070,481 $86,9x7,688
& other inC.
Miscellaneous
3,000
—
v|
for depree. & dcpl.
Prov.
3,000
—
1.7
Torrey
7,500
Co.,..,
Oper.
,
& r:. ; V;
Jeffries
Courts
.,,15,000
&
.
Subsidiary Companies:
Gross revs.
,•
Inc.,.
./■
:
-w--',
duPoftt
'
("Pro Forma"—Does not include companies
George R. Cooley & Co.
20,000
Goodwin
807.
p.
Period End. Dec. 31—
7
number
the
.
Thorndike, Inc.
Cohu
22,000
Company ____,__22,000
Francis I.
165,
57,780
28,748
V.\
214,613
$11,582
Under
and
1944'
$147,137
railway____
railway
1945
26,940
/
$281,962
-
,
;
•"••-
23,000
$1
common
•
'1943
1946
Columbia Gas & Electric Corp. (&
v
No. shs.
22,000
Hornblower & Weeks _L
Shields &
follows:
Childs,
Redpath
'
and
No. shs.
:
Auchincloss, Parker &
:
•
13,
UNDERWRITERS—The
to
to
at Jan.
1946, the CAB issued a further certificate
to the company by which five new stops
(Poughkeepsie, N. Y., Rut¬
land, Vt.j Saranac Lake—Lake Placid, Plattsburgh, and Malone,.N. Y..)
were
added to the New York, Montreal, Ottawa route which resulted
in adding 234 additional miles
to the route system making the ag¬
gregate certified route system 2,729 mil^s.
operation.
stock
$5
-Earnings-— -/.r - *r
Ry.
'''1947
164,
6%
par
of'common"
in
• -
-
above
Conlon-Moore
as
$50
stock
Colorado
I /
-28,655
$223,555
•
costs.-
taxes——
The. capitalization
of
680.
January--'
i
stockholders of this corporation and of Moore Corp., Joliet, 111.;
subsidiary, on Feb. 26 approved the consolidation of the parent
with and into Moore Corp., the surviving corporation to be
229,340
176,379
46,374
■■
l."- \
——
Corp.
438,667-
359,798
/•
13
company
'■
pi
165,
44,221
income
oper.
ry.
—V.
$939,128
Jan.
on
The
a
"
$1,250,231
$1,212,691
$981,479
*/,
railway
28 '
.
securities—/.^-—; .2,278
the
Conlon
/
1944
1945 'v.
made
211,973
produced
profit-'
.5
u-
4/
1946
184,416
railway__
from
from
..Net
v':
•'
1947
of
for
NOTE—In
known
>•■■•'.7/7v//7
operating
preciation.—V.
.
,
""
•
profit before write-off_—
Capital expenditures ——
Southern Ry.— -Earnings-
Colorado &
January—
'
Jn
'
;
•
be
share was also made
per
.Net
accounts,
$2,876,672.—V. 164,
to
////'/;//.'"■■"'"X946
metals
Irom
sale
oh
Provision
$18,476;-reserve for contributions in aid of
construction, $46,516; other reserves, $22,500; common stock ($10 par),
*•$437,500; capital
surplus,
$85,636;
earned surplus, $146,233;
total,
for
$3
Total income
1, 1976,-
due Aug.
bonds, series B,
2%%
proposed
milled——i,
income
Profit
<
$5,985;
LIABILITIES—1st mortgage
is
"/V.v
Estimated
'
$1,100,000; accounts payable, $97,476; consumers' deposits—refundable,
'$47,905; accrued items, $142,892; total deferred credits, $35,388; re>serves
for renewals, replacements and retirements, $696,152; -reserve
organized in Delaware,
March 6, 1928. In 1935 all of the capital stock of the company was
•owned by The Aviation Corp. In thai year,
in compliance with the
Air Mail Act of 1934, all of the capital stock held by The Aviation
Corp. was distributed by it to its stockholders. The business done and
intended to be done by the company is the transportation by air of
mail, passengers and property.
'; •
»
From date of organization to Feb.
19, 1946, the only route flown
by the company was the 335 mile route between New York and Mon¬
treal. Company commenced operating the Ottawa-New York route on
/ Feb. 19, 1046, and the Ottawa-Montreal-Washington route on April
-1.5, 1946.
These new routes added 577 miles to the company's route
system,
which then aggregated 912 miles.
On
May 17,
1946, the
Civil Areonautics Board issued a further certificate granting Company
* route extension, New York to Bermuda and Washington to Bermuda,
which added 1,583 miles to the route system, making the aggregate
certificated route system 2,495 miles. The Bermuda routes are not yet
AND
"
4
payment
was declared by
order of the Securities
an
the
Development, and, operating
$2.&6
-
,
"
$2,031;
prepayments,
Redpath, Hornblower & Weeks and Shields & Co.
HISTORY
$2.85
"
31, 1946
of
*
1946,
Net
$1,11,342
,
,
distribution
A
order.
year.
In
Tons"1 ore
materials and supplies (at average cost), $73,241;
estimated refund of 1942 Federal income taxes,
$16,403; total deferred debits, $52,008; total, $2,876,672,
receivable,
reserved for issuance upon
granted to Auchincloss, Parker &
be
to
$1H627
The
Qua/ter Ended Dedl 31—
2,722
v
plant
and ecjuipmfcnt'' (including "'Trttftrigiblds),
$2,336,425; special deposits, $38; cash, $203,873; special deposit,, $60,000;
-temporary cash investments, $797; accounts receivable, $125,872; notes
been
have
;•
Commission.
/
share
per
/':/ Coniaurium Mines Ltd.—Earnings—
29,853
7
of $3
;
27,890
ASSETS—Property,
*"515,600 shs.
1,000,000 shs.
$1)
(par
addition
•In
the
stock
V-
stock
following dividends were paid on account of accruals:
Jan. 2, $1.50; April 11, $1.75; and July 4 and Oct. 11, $3
each.—V.165,,
p. 1068,
r
——
DEC.
BALANCE SHEET,
•
such
-
y:-.mv
——
Exchange
./$172,307
40,867
•'
i'.b; 1.8H
:
'
Outstanding
Authorized
Capital
taxes—
Balance, surplus
Earnings per share (43,750 shares)—,—
,
.
GIVING. EFFECT TO
'
taxes-
income
income
.
31,772
deductions
income
State
is
CAPITALIZATION
preferred
21, subject, however, to
days after the date of the Commission's order to the holders of prefer¬
stock at the close of business on the 14th day after the date of
;./• 3,313
/
$199,078 :
________
»
corporate purpose.
<iny
the
on
red
this
5-864
/•/77
——
income
Federal
the
of
part
—
■
approximately $1,267,730. These net proceeds
be
income
Gross
Total
expected that the net proceeds to the company
will Initially be¬
company's general funds and as such may be ap¬
plied to any corporate7 purposes. It is the present intention to aPPty
the available net proceeds aforementioned
as follows:
(a) . Payment
of loan to Continental Bank & Trust Co. New York,' $430,000;
(b)
development expenses of Bermuda route, $270,000. The remainder,
estimated at $567,730,
will be available for any may be applied to
PURPOSE—It
will
-
$16C',994
"
come
1945
$193,214
issue has
(par $1)
dividend
A
$882,151
713,157
;/7 Operating income
&
at $10.25 per share. The
been oversubscribed. Further details follows;
stock
'
and
194®, i.
revenue—electric
<
$1,046,834
Operating revenue deductions———— >"
853,620
Weeks; Shields & Co. and associates on
Feb. 21 offered (as a specultion) 150,000 shares of cap¬
ital
.
$3 Preferred Dividend Subject to SEC Approval—
v
.
>•
'
Operating
Inc.—Stock Offered—As mentioned
issue of Feb. 24 Auchincloss, Parker & Redpath;
Hornblower
company,
12 Months Ended Dec. 31—
shares
Colonial Airlines,
in
this
by
compared with 231,811,603 for the corresponding week in 1946
64,150,508 or 27.67%.
.
..
*
as
increase of
an
purchase of 99/c of
to, promote sale ot
and for other purposes. '
.7
,
j.
?Colorado Central Power Co.—Earnings-—,
cn
company
10,000
111
share,
the common at 50 cents a
share and
$20 a
the directors on Feb.
Feb. 17 filed a letter of notification with the SEC
($1 par) stock on behalf of Donald D. Thomas,
President of the company. Smith,. Hague & Co., Detroit are named
as underwriters.
Stock will be otfered at- $6 a share.—V. 163, p. 2577.
The
lor
at
underwriting. Proceeds Will be used for
shares of Colonial Western Insurance
Co.,
the
.
1
offered
be
without
Monday, March 3, 1947
CHRONICLE
THE COMMERCIAL & FINANCIAL
1186
designed
for
machines./r';7
'
[Volume -*65
Number -4573<
*1
'SCHEDULE CP EARNINGS
»,
1
377.831
r
1944
YEARS
-S
1945
\ ;i 680,075
1946
68,750
830,285 •;
V;"
il'140
19,793
41,501
76,459
paid on previous earnings. However, dividends
ings for fiscal year of 1946 were paid during the year.
earn-*comiarcd^wi??
on
i
.
On
Aug.
19, 1946, an additional 40
making a total for the fiscal
declared
Which
15
cents
dividend
stock.
This
share
per
declared
was
no
shares of $1
value
par
paid
was
the
on
then
stock
cents
exchanged
was
par value stock for each
'
—V.
stock
164,
2542.-
p.
-v
YY
YY Continental-Diamond Fibre
directors
the
on
declared
25
capital stock, payable March
The last dividend
In
Feb.
on
1945,
a
payment was
total of
cents
40
directors
payable
March
Feb.
on
29
holders
to
of
record
as follows:
March 25, June 24
23, 50 cents.?-—V.; 165, p. 680.-
were
Dec.
dividend
a
and
laneous
after
50
11,
cents
Payments
Sept. 30,
in
of
stock.
common
Y-*'
son
and
Present
■
the
capitalization
.:<*
of underwriters headed by Glore/ Forgan & Co. -•
Corporation is engaged in the manufacture and merchandising
It
name.
also
manufactures
and
sells
|atorsj under the tradename VFresh'nd *Aire."
electric
•
»
Sales'in 1946 totaled $7,686,000 compared with
.
is'
Y"
Cost
of
Gross
~
^
,
k
Net
before
••-;
"
$255,569
i
2,616 '
*$58,'207V
vP*- "} * ■' 'L -ii
;
Jlet
Income
\
"■>
.
v
*
-
J
'' ">
^
100,407
• ■ r-
$20,089
%
.
the
;
^.'.•lYi
BALANCE
\, assets—
Y;
was
■
Y $565,980
v'
;
of
United,..Nations;
Confidential
of
all
and
Total
s
•>
-----~---r
i
oic
"*1
:.
permitted
pther
income
yCotnmon
Earned
stock
\ 2,527
-.
93,665
•
.
-'
.
^
progress
,
paid.'
J
•
1
income
■.
of
•
■
1946
and
'
'
$1,916,738
1946
-
Ulnand
in
Y
and 3,007,908 shares in.
.
^
NOTE—-For
mechanical reasons it is not always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position as possible. Y'Y>Y,Y * '/Yy.;•/. Y
;
~
Dcerfield Packing Corp.—Securities Offered—A bank¬
ing syndicate headed by Central Republic Co., Inc., on
Feb.
26
offered
$2,500,000
3%%
sinking fund
deben¬
at'pai" and dividends. Of the preferred stock, 1,750 shares
are being sold on
behhlf of a selling stockholder.
The
The
April
30,
commitment
This
1946,
made
was
in
1946
the
on
program
_
...
for
plant at
*
ex-
whole
•
of
: '
,'
registrar for
stock..
the
3%%
fund
sinking
The
yY-Y
debentures la
is transfer
company
YYj^
*Y( Y
PURPOSE—The net proceeds will aggregate approximately $2,575,000v
general
Iowa, is nearing comstarted there in 1946. Progress
Dubuque,
improvement
and
Of. such net piroceeds $1,1351386 will be used for the redemption of the
entire outstanding first'mortgage 4% sinking fund bonds due Dec. 1„ '•«
1956.
The balance of aproximately $1,439,614 will be
added td the
Approximated $13,500,000. The
and
trustee
Marine Midland Trust Co. of New York.
agent.for the preferred
was
funds
corporate
or
in
increased
of
-pari;'to -reduce
volume
the
company
bank
business.
loans
and may
for the
or
be employed
financing of
in.
'v:. ■* V'Y ./(
Y Holders of stock purchase options have agreed that on or before
the closing date; they will exercise options to purchase a total of not
less than 31,200 shares of the company's common stock at the option
price of $9,375 per share;"-The net proceeds to the company, $292,500v
will be added to the general corporate funds of the company.
• - ..YY-'Y
v The
proceeds from the- sale of 1,750 shares of preferred stock will
r
be- received
by Seabrook and Baitinger, a parent of the company,
formerly conducted at
Moline
Tractor
Works' are
used by the
; ■ -am :
>
being
now
-
of
aid
emergency
to
the
War
;Y YYjv v-?-. Y"Y
common stock
Food
such shares,
and
will be used by it to purchase
the assignee of stock purchase
options.,
,
Y
'
t CAPITALIZATION GIVING EFFECT "TO PRESENT FINANCING '
;
-
December,
.
.
•
Y
■
t-,
finished goods inventory. A portion of the proceeds from the
mtiy be used to reduce bank loans.
":Y Y.'Y' ^
present financing
v'.
1946, the John Deere-Lindeman Co.,
-
'
COMPANY
has purchased from Deere
years the Lindeman Power P
Equipment .'Co. h
& Co. motors, and transmissions to which it added
an attachment of
.
_
INCOME
ACCOUNTS—YEARS
t
ENDED
1946 ;Y
v
OGT. 31
1945
-
$£476,370
- ■ 454,532
g#les
'
.
.
.
retail stores, not consolidated >
and finance, charges on receivables—)
ness
-
,-
case
.
of
present name
the
of
periods
canning
company
principal vegetables which
most
6anned
is
149,644 ;
549,919 ■
include
to
The
.;
80,605
the
)
New
and, during the war, dehydrating. The busi¬
and its subsidiaries are seasonal.
are quick-frozen include lima beans,
peas, spinach, asparagus, and snapbeans.
The company quick-freezes
a small amount
of fruits (principally blueberries) and fish.
As in the
also
143,900,496 137»742,796
605,903
441,033
__t
income ;of
( Interest
Deerfield Holding Co.,
in
During its early years the company primarily produced quick-frozen,
vegetables sold by the distributors of Birds Eye products. The business
expanded to include quick-freezing of products for other distributors
arid for sale to institutions and to manufacturers of food products, and
and manufacture to produce a small crawler-type
agricultural use. It is planned ton continue this equipment,,
in production, together; with other agricultural implements
especially ^
designed for the West and Northwest sections of the country,*,
CONSOLIDATED
incorporated
tvas
'
,
for
.
BUSINESS—Company
Jersey on July 20,- 1933, as
being adopted May 3, 1934.
design
v own
tractor
AND
—
w
its
$3,261,820
214,549
$7,329,381
——
Dtheri: expenses _—
—________—758,757
Adjustments with respect to operations of prior
as
was
,£^"5
1945
1946
$6,625,935
■ .70,3,446
-
stockholder selling
the
Picker Assembly.: Plant, at. Minneapolis, Minn., established
$
Total
in
in
order.
*
*
(
,Y'V.
refunds
shares
1946
stock.
common
$154,547
possible
Wimari,
a wholly-owned
is acquiring certain, assets
Yakima, Wash. For several
of the Lindeman 'Power Equipment .Co.. of: Yi
-In
revenues-*
C—-——$48,7ll,934;$23r283;96t'
,Cost of sales arid operating, expenses
42,085,999 30,022,140
*
•■;. /,;•
..
tax
of
of
• -
•
tlje tympany's malleable-Iron production capacity.
N,
,
'
—
.1591.
p.
-
shares
expense
malleable iron-foundry
*•Bales And operating
Gross profit
Other income
Federal
3,546
and
tt3,004,362
1945.
164,
:.Y> /
.
estimated
1945.—V.
.
and
discount
*
Cuban Atlantic Sugar Co. <& Subs.) —EarnmgsYears Ended Sept. 30—^
been
equipment-'account
manufacturing
as ,an
subsidiary,
;
'
.
•
Program, was disntmmied in tl946. All'corn picker production is, now concentrated at
the John. Deere Harvester. Works at Jlast Moline, 111.
$3,548,014 •' $2,681,581
-
the
preferred
;Y'"ZY-YuY; y;v:.'Y-V
Authorized
As Adjusted
$2,500,000 ^ ;
1946, the~Iowa■*ImprovementCod; a • wholly-owned Y 3:!4%. sink, fund debs., due Feb. 1, 1962 $5,000,000 \V,
10,000 shs,
-.10,000 shs.
'organized for- the' purpose- of providlng additional ' Preferred stock, 4Vi% cum, (par $100),
*800,000 shs.
617,9Q8 shs. ,
i : housing'in Waterloo andiSubutjue, f<wa. This undertaking was neces* • Common (stock (par
,;.-ipo,|98 YYgary;(because l Aiabufact^ring . operations 'via tAese ,cities ' would have
•*': "Of which 62,400 shares are reserved for issuance upon exercise
-----been1 seriously- haftdicapped' due to Jack
■ housing
for returned . of outstanding options.
1,148,700
veterans and new employees.
Y
NOTE—On Oct. 31, 1946, company had outstanding short-term bank
loans with six banks totaling $3,975,000, all of which were unsecured
959,163
qYVTw
In March, 1943, the company purchased aoperated under the name
located at Hoopestoi)< 111.
This foundry, now
with the exception of $175,000 which was secured by pledge of a portion "
of the Vermilion Malleable Iron Works of Deere & Co., will increase of the
875,275
surplus
p. ,2003.
have
to > expire ; on
by; the
in ^
YCommon, stock represented- by 178,001) outstanding' shares ($5 par)
3°.
and by 11,487 shares ($10° par) a year earlier.loj,
'
'
Yjohn;'Deere %Wagon Works' for manufacturing purposes,
104,478
890,OO0
Total,
/
1069.
p.
$34,461 •
,225,472.,-. Tnv1 February,)
1.000,000
_
_T
tractor
vV'YThe Corn
$2,x>oi,5ol
128,527
______—
lrrTt
;
*2f58l'R8i
■
______
liabilities—
preferred stock-.—
of
of
$2,900,000 in
Molihe^'Tractor ;,Works were transferred to the John Deere
Dubuque'lYa'ctor 'Co, - on'June 30, 1946.The buildings formerly
iioRoc
;
:
$11,250
222,256
accrued—
;taxe$^accrued-—_
Other; accrued
165,
also, made;4ri'the'program of expansion
facilities'-'other**properties during the year.
'
' V
•
taxes
President
of
debenture
""After
Employment
the
•' :
Accounts;payable
receivables
$153,952 in '1945.
:
sold,vY-:;Y;Y-Y
occupied
$3,548,014
Dividends ^payable
Federal
Inc.—V.
r"4The"'Z&bMfabtrfr'in^
oca
4,ob5
47 <4R 014
*'
—
V >LIABILITIES—'
Reports,
pletion and substantial operations were
^
'
formerly
was
"cash
discounts, returns and allowances, and
of
$3,834,442 in 1946 and $3,197,694
in 1945.
$36,787,263 in 1946 and $35,410,150 in 1945. JAfter
advances of $1,292,752 in 1946
and $1,408,876 in 1945.
for
reserves
reserves
'
__L
—
he
-
lie
68,407,871
$203,223,131$195,245,04r|
deducting
§7,000 shares
;
31,000,000
30,079,080
58,537,495
30,860,000
30,100,112
to
refunds
Considerable
;■
Other assets-__________
-
tAfter
1
Jan. 11 stated in part:
on
-
223^461
•
"Aftef
doubtful
■
'
and
7,000,000
rehabilitation
/.
ciuding
Economic
10,000,000
and
of
Total
many
corporatiofi.
losses
10,000,000^
10,000,000 >
12,500,000
contingencies
war
2,557,031
2,586,154
Z
inventories
Earned Surplus
•
pansitmv^-reblacement, 'and 'rearrangement of faciUtlesj Additions to
-
■*'
-Inventories-
Fixed-assets,vnet__^._—
Prepaid" and (deferred
the
on
for
stock
in
$20 par.value each
ttCommon stock of no par value
catalyst
by
t
..
<of ithi$
$694^462 Y was
759,779
Pref.
•
new
Yii,
"L-z*.
Reserve
Reserve for
beetl e concluded on-all business which *
.-subject to'renegotiation: -The provlsions for refunds ^were ade-;-
were
>1945
1946Ysv '•
J
M*rketabre'secuHties^_--_i.__—
Accounts('.receivable
;
obsolescence
henei^tiation' settlements ' have
quate
SHEET, NOV. 30
"
•
for group life and other insurance.for. possible future price declines and
Reserves
statistical Association, and is now President and Chairman
board
!Hhe> property; 'and'
Y/.v
.
Reserves
Y .The commitment from'nine banks to loan to" the company $10,500,000
YY $153,472
r
in .demand
205.
director
a
761,158
$203,223.131$195,245,047
•
^ vWas
H 0--—-
1
elected
961,216
II_
Dividends
.
20,054
$253,880
Cr78,297
'i
(after income
synthetic
a
be
war.—V. |65,
—I
"
" 1946
Y 1945
$6,823,207 $5,766,097
'.,. 549,240
570,659
;
540,050
r 540,050
""Accrued taxes and in 1945 prov. for renegot.-- 12,246,663
11,516,783
20-year 2%% debentures due April I, 1965
19,500,000
19,500,000
Reserves for pensions and death & disabll. ben.
9,109,834
8,177,852
benefited
of
to
336,061
;
LIABILITIES—
Y Y r
Y
payable and sundry obligations
Employees' savings deposits
Preferred dlvfidends payable Dec. 1
30, 1946.
by miscel¬
approximately $120,000
to
cost)
617,507
147,428
426",936
(at
tures, due Feb. 1, 1962, and 3,750 shares of preferred
paid : in* 1946 amounted tor $1.40 ptr share' or $2,186,206 *
on
preferred "stock
and $1.50 per share or $4,506,543 on common < stock,
41/2cumulative (par $100). * The debentures
stock. The total number cf stockholders at Oct. 31, 1946, approxi* -c. were offered at par and -interest and the
preferred stock'
mated 17,750 as compared with about 15,640 at Oct, 31, 1945.
;
S
'
$264,751
-
ta|>
income
income
were
amounting
'.
358,073
•
JY 365,360
Accounts
surplus for theYyear ended Oct;' 31, 1946
$9,565,579 as compared with* $8,650,439 for 1945. Surplus wis
increased by $2,898,836 of 'Income remaining after payment ot divi¬
dends,. and < by.. $7,000,000
transferred
from
the
"reserve for war
losses -and-, Rehabilitation."
Surplus, tvas reduced by $28,460 to ft
result of cancellation of treasury, stock.
-
■V
in net
quarter
WI|[,1|1U
representative
Income, transferred
:9,182
"$55,591
1 orTotal income
t^e
the end of
States
President,
6,751,184'
588,561
24,523
x.-.Y.-J
second
•
_____
assets *"
23,827,535
35,965,055
824,010
cost)
consolidated
charges
•
1945.
*$80,114
Y-_-_j.
curtailment
Decre & Co.—Annual Report—Charles Deere
1945 "
797,251
_.•_
1
a
>
»^v
in
3,668,208
Other'deductions
of a
superphosphate
major rebuilding
in operations for
the
of
.,
$7,604,496
pther income
;
of
circu-
1946
goods Sold-!..
profit
the
-Lubim has ,been
American
$4,385,345
Selling, general & admin. cxpenses_"___—:____—
\
air
$4,856,000
'
'
the
reduction
type^of catalyst-has continued
United
(at
not
42,719,916
of
Total
developments
two
heretofore,
account
6-
,
Commission
of
& Sexton Co.—Earnings—
Years Ended Nov. 30—
Net sales
in
53,067,476
lower
investments
liDeferred
the
the
first' to manufacture synthetic catalyst for use in the
catalytic cracking .plants as a part of the war program,
fluid
this
was
tribbefi
,
.
the
was
isidor
-
the brewing of
marketed under
used (in
use.
and
Included
on
v>YY''' ■{.;■•'■.
Decca Records,* Inc.—New Director—
group
Cory
of
for
Y-'YY'-YYYZZ-i';
•
solely of 646,250 shares of common stock, all of which is.
privately held. The offering, constituting 27% of the total issue,
is being made by certain principal stockholders through a
^nationwide
the
that
a
^
refiners since
with
now
glass coffee brewers and other <equipment
coffee for both domestic, and. commercial
estimated
non-recurring -Income
modern
.v.r;-
consists
v
1946,
30,
resulted in
earnings
subsid.
1,907,145 v
10,686,097
1,607,040
thO
Y
results
the
,
1946
cents each:
40
:•
Cory Corp., Chicago—Registers with SEC—
corporation filed a registration statement Feb. 20
177,000 shares
Dec.
remodeling
the
NYthat
producing plant at Cincinnati, O., and Davison began operation of
this plant in the manufacture of gel type catalyst on Feb. >17, 1947.
At; present, it, is expected that this plant will continue producing
synthetic catalysts for the petroleum and chemical Industries.
Davi¬
Y
share,
per
(The
covering
and
stated
*
ar\d
SEC
Florida
the-purchase
of
March
in
plant.
President,
14,428,466
_______
___
at
_______
equipment
in
Miscellaneous
■
165, p.
(Del.)—50-Cent Dividend—
declared
19
is
market)
or
bonds
receivable
generally
tProperty and
of at least $500,000 for the 6-month period ended Dec.
HoweVer,
1
it
(priced
tlnvestment
■■
holders
to
17
paid.-V.
and
three months
over
cost
Canada
accounts
SCompany's capital stocks owned
properties
ended
of
and
Inventories
providing" lor- applicable TncomiT'taxes oT^thi7"incomer'"sales
25 cents per share
and earnings are, currently in line with the estimated net
of record March 7.
approximately $1,200,000 for the last half of the corporaon March 18, 1946.
Is',, year en<?1"ls ^UI?e
'
Mr; Hockley reported that
936.
-(YY v " War
^ Assets Administrator forarrangements had been made with the
of
dividend
"Notes
1945
'
$60,082,780 $68,163,997
45,720,130
35,494,792
securities
in
Hockley,
period
taxes)
Co.—To Pay 25-Cent Div.
a
F.
program,
!
10 cents per share
was
Continental Oil Co.
The
.
:
Outstanding
...
'.■The
month
:-8,;V;V. ;Y:y
'/v:"
.
Dominion
Government
Other
non-recurring
nature.
As
reported
-plant in Baltimore was closed down
.
Authorized
$468,816
514,134
States
31
1946
tJX
®moun--ed to- *7'455>000 9" $8,698,000 on June
Dec. 30, 1946, as
on Sept. 30,
1946, and
superphosphate
.Chester
1,000,000 shs.Y.,« 333,500 shs.
(par $1)_
rock
Baltimore
■
basis of five
value stock..
-r
par
$342,002
514,134
,
SHEET^OCT.
.
I
United
working capital for the six months resulted
expenditures in connection with the acquisition of
from
phosphate
common
the
on
share of no
vaiue
par
CAPITALIZATION GIVING EFFECT TO PRESENT FINANCING
Common
30, 1946.
primarily
dividend was
year of 85 cents per share of
previous year's earnings..; This
on
Cash
.000
?°FPared The decrease
Wtp-$7,5.91,
.J
per-share
outstanding no
CONSOLIDATED BALANCE
ASSETS—
$262,000
514,134
,
1187
V";
Dec. 31, '45 Dec. 25, '44
"
eral income "taxes^_„_.-_„_->_.
Number ofcapital shal'QS_'____
'
v ■
Subs.)—Earnings—
Dec. 30, *46
charges and Fed-
■:?*;'■
.-,$0.51
.V";,$0.67 -J.
$0.91
19^568 ;(Y The net income for the second quarter was $326,000 compared with
27,270 : ^ a net ipss-of $64,000 for the first quarter, which ended Sept. 30, 1946.
"Dividend
i.
Net income after
15,917
;
,27,248
71,232
6 Months Ended—Y>
V
<r\ irffln '
12,380
18,081
.V
i
$10,611
19,415
6,743 i
,r 8,694,
147,691
.Davison Chemical Corp; (&
"Cash
Divs. Paid (Y
$18,020.
5,500
'
30
(-YY
Net Income
$3,594
;
SEPT.
ENDED
Income
on
$21,515 ■
24,915
•
24,824 Y
(, 28,488 .r
403,888
THE COMMERCIAL & FINANCIAL CHRONICLE
7.
Fed.Taxes
Fed. Taxes
333,427
■*
1943
'•.«
$299,953
.1
1942
Net Before
;»>,1
i....
Net Sales
S
packers
rather
jheld.
a
of
than
great
quick-frozen
frozen.
quantity
of
foods,
This
an
is
item
a
portion of the produce
done
than
when
can
be
pack
harvest
ammocodated
by the freezer capacity or, as in the case of beets, when preservatioa
Cr480,469
465,224
years
other interest and dividends
of
the
vegetable by
quick-freezing is not necessary to maintain
280,349
Provision for taxes on '•income_i______—
2,145,507 ;
1,213,079 *
Qa|n on sale'of ;stock pf foreign subsidiary—^
quality, flavor and appearance. Commencing in Oct. -1942, the com¬
39,569 ;■
683,899
Gain on conversion' of Canadian accounts _Yi-i *
pany
engaged in the processing of dehydrated beets, potatoes and
X Net iiiconie
301,006
471,988
$4,421,117
$2,289,228
Miscellaneous—net'
turnips, under contracts with governmental agencies,, principally th®
Preferred dividends
Z.
•
146,944
-• i N';.YlV: "'''"Y Is-Y:'.*-rY'-Y- Y'YY.
U-. S: Army, but since Sept.
16, 1945, following the termination of
Common -dividends
1,882,500 s 1,093,500;: -YY
146,188,115 139,504,316
'the war, all dehydration activities have ceased.
Total sales and otjier income
:
• 95,579,887
95,961,307
CONSOLIDATED BALANCE SHEET, SEPT. 30, 1946.
Cost of goods sold,
The plant Of the company is .located in
an agricultural section of
17,220,832
15,363,801
Y
ASSETS—Cash in banks and on hand, $6,308,657; U. S. Government. " Shipping; spiling, admin.^and. .gen..,expenses-—
southern New Jersey, which has proved over a period of years particu¬
*
larly favorable for the growing of a wide variety , of vegetables.-" Th»
securities,
at' cost
(value
based
on
market Quotations $228,410),
Provision for cash discounts, returns and al10,339,506
12,100,470
Y $224,000; accounts receivable, less reserve, $2,216,664; estimated amount YvY-ilowances,.'.and doubtful receivables
company has already experimented with and expects in the future to
378,785 £
729,662
receivable
for blackstrap
molasses sold, $1,757,191; inventories; $8,- > Interest on debentures, and sundry obligationsengage in the production of quick-frozen poultry products.
Adjacent
Yi
'
Y 720,472;-special deposit for dividends (contra ), $1,081,961; receivable Y; Provision fori possible: future price declines and
td the plant Is one of the most productive poultry raising areas ia
317,358
2,527,839
:t from
cane
the United States capable of providing ample supplies of raw material
growers for advances, interest and rentals
(after: reserveY-'Yfobsolescence;in inventories
for this activity.
'
•• >
••
Y-Qf.^$1,711,848), $2,353,225; growing cane and other crops, $362,115;;YYAdj.'of cost-plus'-fixed-fee war contracts related 0
:
*271,803
The- company
normally derives and is presently deriving almost
..163,840
one-half
of
the
vegetables which
it processes from approximately
17,500 acres of farm land in the vicinity of the company's plant which
8,260,000 Y7,950,000
* exc
pft. tax 18t In 1945 prbv.' for renegotJSeabrook Farms Co. (N. J.), formerly an affiliate and since Aug. 1, 1946LIABILITIES—Accounts payable, $1,257,444; employees'; savings ac¬
107,477
263,846
Provision for other income taxes_
a
wholly-owned subsidiary of the company, leases from others and
counts, $248,633; accrued payroll, $302,222: accrued taxes (subject to
*
operates.
The-acquisition of Seabrook Farms Co. was* accomplished
reviewYby -Uf;' S.->and: Cuban taxing authorities), $2,278,362;: otheraccrued liabilities,
9,565^79
8,650,439; ) through an exchange of stock. Substantially all of the balance of the
Y Yi Income Transferred'■ to ' surplus: ■:i^kTu001Z$532,784; estimated freight and handling*, chargesin Cuba, on raw
company's vegetable-.and' fruit requirements, - other than potatoes, ,ls >
58,537,495
53,553,799 *
sugar, v.blackstrap
molasses and alcohol, ;$434,457;,
Earned surplus - at beginning of year—__—_
normally and presently derived from approximately 750 independent
Y dividends payable, $1,081,961; liens *>(censo«) on properties, $346,063;
SurV'-credits-^-Reduct; in res. prov. in pri yrs.:
farmers who operate approximately 20,000 acres of farm land located
deferred credits, $25,333; due tor'wholly , owned subsidiaries not con¬
3,000,000
to/ wholly,
Y Returns and. allow, and doubtful receivables
'for the most part within a radius of 50 miles from: the. company a
7,000,000
solidated, •l$7l;566;'reserves for contingencies, $410,000; 5%-cumulative
Y War <* lo.sses and" rehabilitation '
-i$71,"566;-'' reserves
5cumulative
'
plant and who contract in advance with the company or Seabrook
preferred stock ($100 par); $5,975,000; common stock ($5 par), $5,-;
Farms Co. for the sale of certain of their crops.
020,000: capital surplus, $7,256,484; earnea surplus, $12,745,904; total,
75,103,074
65,204,238
537,986,213.—V. 165, p. 335.
■;
Total,—
UNDERWRITERS—No
firm
commitment to purchase the deben¬
V
■>
Surplus Charges:
' *
rr'r
tures and preferred stock has been made.'
The names of the underf
Y Charges 'arising from cancellation of comY_Y:
writers and* the amount of debentures and the number of preferred
; Cunningham Drug Stores, Inc.—Earnings—
-Z'i-Y'/Vpany's capital stock-held -in - treasury_______
w- 28,460
shares to be purchased by each are as follows:
CuQW><,
2,160,200
;Y v Quarter Ended Dec. 31—
u/1945
,■•1, 1946 ,
Y
Cash dividends on pref. stock_____^_——_ 2,160,200
Amount of
No. of Preferred Shares
ZyY'
4,506,543
$7,008,705
$6,137,645; -: ' Y Common dividends
_U-—4,506,543
Company
Stockholder
Debentures
0 Net_sales,
508
444
;
729,169
727,244
$634,000
'Y'Y V- ' ,Yv..V:Y- ' YY v*'"YY"
Central Republic Co.
profit before federal taxes____-___'—--_—2.
(Inc.) —
506
443
Y *rovisi°n for federal income taxes—'—-_____—
^60,0^
276,500
E. H, Rollins & Sons, Inc.633,000
58,537,495
j.
,
Earned surplus at end of. year_—__
— * 68,407,871
506
443
.: A. C. Allyn and Co., Inc.___—
633,000
160
140
$450,744
'* $369,169- >
"After-applicable reduction in Federal taxes of $1,143,000.
tAfter
:
income
.••■Ball, Burge & Kraus__
T' 200,000
No. of common
190,798
190,793
160
140
applicable reduction in Federal taxes'.of $557,000. tAfter -deducting
shares_j.x^__—_V
; Loewi & Co,—
—
200,000
Earned per siiare__
$2.36
Y / $1.92
estimated Federal tax refunds of $1,500,000 in 1946. and $1,850,000.
160
140
|
Mason, Moran & Co,_
200,000
—V. 165, p. 537.
t
in 1945.
i
'
'-i1''YYt
1
; •
YJ ■ •
'■;•>■■
—___
— _—
«_ -
-
-
-
~
-
■■
1
•
•
•
-
,
,
.
4
"
-
'
,
.
.
-
Hi
•'
i>
..
«<
I*8g
V
*\S
\7fW7
:
>
I- V
,
INCOME
STATEMENT OF CONSOLIDATED
:
:
: 8 Mos. End.
.
The company is engaged in the manufacture and sale .of: regular
Portland cement and cements for special purposes, such as air-entrain¬
ing Portland" cement, high early strength Portland cement, modified
Portland cement, water-proofed portland Pememt and masonry cement.
Year Ended
—
*45 Feb. 29, '44
i
' "
■.
Oct. 31,'46 Feb. 28,'46
Gxjdss sales, less returns $13,38T,456 $16,362,128 $13,646,353 $11,144,811."
Cost of goods stud—
12,245,987',.; 9,644,362
11,630,840
14,996,671
Feb. 28,
.
,
Sell.,
shipping,
ware¬
housing, general and
559,958
administratixe txps
m
" V
655,468
JPxofit from operations
Other income —
$1,101,147
$644,816
187,100
140,525
92,644
61,742
$1,288,248
$785,341
$821,166
$1,002,232
130,967
124,961
364,089
116,897
116,067
Gross
Income
''
!
——
Income
charges
Special charges
671,849
720,640
Frov.
—
for
for
res.
post¬
er a r
rehabilitation,
etc., contingencies
'".v
'
—*
Net
422,950
215,600
50,000 7
Cr200,000
———
150,000
:
of
income
$351,291
*$670,267
$313,214
$163,008
/
Calls 4%
being
are
lor
redemption
Marine
York,
the
of
"
Co.
165,
of
1947,
at
York,
accrued interest.
be obtained at
120 Broadway, New
railway--:.
railway--—
.$4,218,740
829,989
oper. income—
375,733
from
Net
ry.
165,
$.'.
1946
1947
♦Net Sales
,
766,816
422,649
.
..
309,597
36,202
545,086
91,326
787,398
Gross
Net
from
railway—
$6,345,669
railway—.:
1,182,415
from
Net
ry.
$5,543,084
543,020 ;
456,379
165,
808.'
p.
-:
Delaware Power & Light Co.—Registers with
The
■of-the
underwriters
ceeds
will
be
will
added
be
determined
cash
to
funds
competitive
by
and
things, to finance construction.—V. 165,
will
be
1069.
p.
*
.
Edison
Co.
Secondary
Offering
on
the
$1
record
value
par
March
i94i;—v.
Feb.
12.
declared
19
stock,
common
This
163, p. 2723.
the
is
dividend
a
of
April
payable
first
10
payment
stock
the
on
//7///-//7//;
felt
July
that
1946,
the
products of
expansion
program
ployed
the
In
in
Dec.
Mich,,
by
the assumption
convertible
veloped
The
SEC
producing
units
plement the
issuance
used
of
convertible
This
is
one
field.
top
line
ing
Since
-
-
sales,
less -returns
goods
sold-
Belling, general
'Net
•
>
and
allow.
and
admin.
exps._,.
Total
Other
Normal
Excess
taxes
"carry-back".^..^^
income
tax
and
surtax,.
of .the
Not
i,
provision
of
$27,000
;
-
:
tools
back
,in
Unci,
of
reserve
for
banks
amount
$10,272
and
possible
for
dies,
provisions
of
and
of
on
hand,
$38,781
from
doubtful
accounts,
Federal taxes
$25,687;
the
Internal
Revenue
146,116
and
reserve
other
for
assets,
$35,052;
depreciation
«S?nnnCapltli! !tock' at S2!5
Code,
for
U.
V
trade
Gross
Net
Net
from
from
ry.
"—V.
railway.^—.' $1,276,023
oper.
165,
property,
\
.
.
"
$908,132
$968,868
397,973
423,997
195,447
233,001
Turbin & Co.
Se Jati0 0f one new
Rights expired Feb.
on
Feb. 7 offered
t0
SSt
ConnTanv'i SEi
Branch, Ohio
rights of
shares
share for ea^h three
•
A-
■
'
.
...
1946
;■
$297,200
■*'.
75,188
52,062
24,641
2,560
.
$253,906
69,211
18,598
V
-
V
1944 V
$221,000
15,216
•
i
■
1945
t
$253,300
74,357
K
v;
.-
-
been
and
called
for redemption on March 15, 1947,
$75,000
mortgage 1% bonds dated July 1,-1933, at '
Payment will be made at the office of The Pennsyl¬
for
Insurances
on
Lives and
Granting Annuities,
refunding
interest.
Company
The
,
"
/
:
P. 3071."
: '
•>
-
,
-
$1,500,000
finance
to
notes will
bear
the
purchase
of
motor
•••'.;*/
buses
interest at
the
rat$ of 2%
annually on the
un¬
the agreement provides for payment of 30 % of the
price on the execution of the contracts, with the balance
payable in quarterly installments in five years from the date thereof,
but not later than June 1, 1952.
;
; V
The company,
in .its petition, points out that petitions previosuly
277,652
$1,685,270
Inc.
19,526
tax
and
—
surtax-
$954438
....
for
depreciation - of plant
tools, etc., amounted to
on
notes
...
surrender
lower of
Patents—nominal
J
Total
value
and
■-
._
Accrued
Federal
(par
♦After
1945.
other
items——
;j y.;/
1
V.
and
other
taxes
$1)
on
Cost
of
Oct.
1946,
there
were
Net
completed
during
/.
the
Statement,
Quarter
Power
,
r
20,
1947 the System inputs of client
Ebasco Services Inc., which are subsidiaries
&
Light
Power
during
Co.,
&
Electric
Light
1946
Co.,
were
Power
&
Light Corp.,
with the
and
compared
as
follows
as
(in
thousands
cor¬
kilo¬
of
/V;?
Power
Power
&
&
77//
'■
1947
1946
Amount
Pet.
203,734
Light Co.
180,837
22,897
12.?
Corp.—
6,144 / 13.9
50,376 * 44,232'
Light Co;i7.105,761 < '97,176 7/ 8,585
8.8
Light
Power
&
include the System inputs of any-companies
165, p. 1069.
» 7
'
both periods.—:V.
behalf of selling stockholders.
on
portion of
this offering has been underwritten, but the stock i»
the public through Watling, Lerchen & Co.
'
to be offered to
:
Transfer
Agent—Ann
HISTORY
1930,
humber
a
Arbor Trust
Co.,
Ann
BUSINESS—Company
AND
was
in Michigan, as
.'For
of
a
continuation
years
company
of the
was
Arbor,
Mich.
;
incorporated
April
business
founded
25.*
1893.
in
in
preparing mimeo¬
and mimeographing?
engaged
graphed
books,
doing various types of printing
publishing mimeographed textbooks.
In the course of its develop¬
ment, the company became a leader in the field of lithoprinting.
7
9,852
i
and
10,488
The
7
has printed the Library of Congress Catalogue, con-*
167.volumes, is now preparing a reprint of this Catalogue,
now
lithoprinting the British Museum Catalogue through an
company
slsting of
is
and
arrangement
with
lithoprinting of
177,337
The
that
Museum.
law
numerous
is
also
Company
and
medical
is
also engaged
"'/.■>
the
in
works.
"
■
91,382
225,000
United
1,255,445
141,199
.
1946
$181,221
year
ended
Oct.
31,
national
made
to
•
„
orders
Ended
Jan.
:
' '
$2,006,241
,1946
$1,111,775
752,690
$509,807
$359,085
3,820 7
—
2,780
gen.
.u
sharei
$361,865
160,544
114,873
134,171 -
'/-v
'
94,682
which
was
entered
field
this
through
the
of
have
the
been
lithoprinting
received
and
sources,
company's
mail.
.
by
every
sales
a re-
the
com¬
effort is
V
the»result! „;'
:
•*
showing
into
was
to
a rapid
development.
J. w.. Edwards therethe publishing field.
The result " of his "entry lata
provide a large volume of additional, (printing'.foe
Mr.
;* .*'•
Edwards'
■
activities
in
•
the
publishing
*
;
;
•;
7
*
,
German
scientific
journals;
field
Bibliographia, Inc., to
engage
in the pub¬
lication
of
in
to
of the British Museum Catalogue, and a reprint of the Library
Congress Catalogue;, and J. W. Edwards Publisher, Inc., to engage
the general
publication field.
These corporations were successful
a
varying degree and the over-all picture was such that the directors
Brothers, Inc. determined that it would be to the ad*
of the company to merge with the corporation above men¬
Edwards
vantage
$152,310
450,000
*
orders
international
Most
of
program
expanded,; it asp- 7
peared to be expedient to set up various organizations to i develop)
;
publications in particular fields.
At a later date, a corporation known /
as Paggo, Inc. was organized to
distribute and promote German scien-*'..1
tific works; Klico, Inc., to promote works in the field of ^pharmaceutical
chemistry; Sacco, Inc., to promote scientific works dealing with agri¬
cultural chemistry books; Abden, Inc., to promote works'in -the field
of
biochemistry;
Foreign
Periodicals,
Inc.,
to
publish -reprints of
of
.-■.*.
$218,912
■
outstanding.:.—•
common
$513,627
exp.
tax.*..
a
ACQUISITIONS—In 1943, the'stockholders, determined, that ;*h®
should
curtajl its publishing business, which .ati that; tima
showing a decline in sales, and concentrate on the printing busi¬
upon
1,496,434
in
NEW
ness,
31
1947
*
11
received
Large
and
them.
the corporation.
*
■
fill
engaged
"company
of
1946.—
Army.
from
was
which
States
pany
was
commitments
program
company
being
$2,654,129*
and
>"7
f-,'.'/'i/j'
sold
"
shares
•
Feb.
of
National
7,261
No
'
.....
■■-♦'•U-
profit?*
general
*
.
397,000
outstanding
expansion
income.
Common
•
450,000
in
$207,987
plant
a
......
^Earnings per
from
Offered—Watling,/Lerchen & Co., Detroit, ori
20,000 shares 5^% cumulative convertible
preferred stock at par ($10) per share and dividend. Of ;
the shares offered 12,739 are being sold by the
company;
$366,766
>
$3,748,106
of
Admin., selling*., advertis., service and
''
paid
205,623
•
■
under
Provision for Federal income
"•
additional buses
the
be
and;
publishing German scientific journals.
These journals have been mader
available .through neutral squrces and, since the occupation,** by "the;
...
—
depreciation
31.
profit
7
Miscellaneous
income
Total
will
3289.
745,000
expenses
,
products
purchase of
balance
p*
Feb. 6 offered
"
income
—
Three Months Ended Jan. 31—
sales
the
the
Edwards Brothers, Inc., Ann Arbor, Mich.—Preferred
$2,654,129
■V
199,645
—
;
for
:
authorization
Stock
:>•; 1945 7777
1946
$415,806
—
.'/<//;/;; ";:"//•" :*7*;7'7'- /7;*;;/.:;'
Income
under
Inc.—Weekly Input—
ended
appearing in
As
Net
and
The above figures do not
not
of
165, p. 936.
notes
.
; /
$3,748,106
V
...
—
not
week
Former National
19,100
15,270
...
reserve
Ijut
finance
to
cost
Operating Subsidiaries of—
457,171*
15,661
surplus
Total.!..
their
company.—V/ 164,
companies
American
and
135,722
21,963
.
:
surplus
Earned
equipment
1,732,033
taxes
for
stock
Capital
agreed
of
the
the
Electric
935,572
r
853,987
-
deposits and credit balances
wages,
Provision
Common
has
70%
of
former
234,274
1,138,224
"
Customers'
issue
may
—Increase—
$851,950
435,839
market.—
or
,
payable—trade
it
responding week
watt-hours) :
$55,744
241,149
f
Accounts
York
to
American
1945
$1,026,012
—.
liabilities—.-,
•:
New
of
$1.70
and
-
—
cost
and
amount
has
•/ ■■
:: v.: :';-i;;•
The company
has outstanding orders for 167 buses, the purchase
price of which -will approximate $2,390,216. The Bankers Trust Co. of
112,500
equipment,
$107,180
(net)
-
insurance
it
previously granted.
and
securities
receivable
was
which
which
to
SHEET, OCT. 31
hand
Treasury
and
j
company
states
company
for
of
225,000
,
1946
States
gave
that it has had delivered to it buses in larger
anticipated and has actually placed in opertion 165
paid 20% of the purchase price in cash and
issued its conditional sales obligations up to an amount of
$1,660,753.
The petitioner states that it has available a balance of
$339,247 up
buses
For
respectively.
BALANCE
in banks and
The
quantities than
$383,778
393,750
...
450,000
1945
the
authority to issue its
notes in an amount not exceeding
$2,000,000 to finance the purchase ?
of motor buses under conditional sales contracts.
■' /
v/v/.;
operating
/ 7/7,454
$2.12
and
Department
Ebasco Services
$783,158
$1,704,796
'77./ 5,658 V'-;' 2,380
562,500
249,006
148,000
182,500
X
tax
dies,
i
'
;
—
1946
by the
$775,704
140,776
outstanding
of
approved
up
$1,120,683
81,047
76,121
187,811
167,987
—
normal
,
>...
"1945
$2,271,685
int. and sundry-
-
under
paid. balance and
2,445,686
—
*
purchase
funds
at
shares
was incorporated in Ohio April
a,West Vir?inla corporation which had com°f
^ 1892 on the site of the present
executive offices are located in Middle
"
conditional sales contracts.;-
$3,566,369
—
Gross
19.
22H189?^ f,S?pSUSItNESSwCompany
thp
'
■
$7,223,597
profits
Prepaid taxes,
;>/.
KhJrphni°Jferlni? uWas made sublect t0 the prior subscription
1 Kh»rW f ^re entitled to purchase such common
menced
'
.
274,381
,
nno
5.
*'s
*
!
501,453
shares (par $1) at
$12.50 a share.
nf' p/h '
Feb.
' "".*1
share
per
years
started
1944
$939,759
fl^nn 0ffered—Merrill,
24,000 common
of
,
value
-
«
as
1J
1946
.'
approximately $485,000
1945
681.:
have
and
exceeding
common.
hand exceeding $15,000,000.
on
general expenses
charges
excess
NOTE—At
Diamond Portland Cement
Co., Middle Branch, Ohio—
heW
new
and
the
in
-Earnings-
342,257
income... '
p.' 681.
*
J *V
of life Insurance policy
Property, plant and equipment—at cost.—
Dies, tools and patterns, less amortization ,W
"carrv-
643,653
railway—'i
•*..
*
Government),
less
$1,292,425; unbilled charges
i.
7 1946 '*■■;.
4947 : >
*'
.*
company has petitioned the Massachusetts Department of PubUtilities for authority to issue equipment notes in an amount not
lie
the 7
with
par
1946, after all charges
77
Cash
accounts
under
*1,043,961
The
;
shares
expenses
Inventories—at
S.
recoverable
*905,536-
681.
/ Eastern Massachusetts Street Ry.—To Issue/Notes \for
4,951,912
shipping
for Federal
Accounts
$179,200;
$2.50
-
:
Per'share, $1,300; capital stock (par $1),
earned surplus, $1,962,400; total,
1947
'V
'
—
the
Cash
of
net
f.
;
p.
general
vania
$954,138.
were
450,000
on
expenses
United
•
statement
of
sold
NOTE—Provision
assessments.
+
January—
and
149,116
,
of
Detroit, Toledo & Ironton RR.
i
Balance to earned surplus
Code,
S%2 «^Ca^taiCoUrplUSo' F-WSO;
5>b,i>9b,873.—V.
163, p. 650.
taxes,
share
assets—
1946
shares
profit
Dividends paid
Common shares
$356,312
plant and equipment
$939,377), $1,376,876; dies, tools and
fixtures—amount unamortized,
$206,835;
patents, at nominal value,
$1; deferred charges, $61,789;
total, $6,036,873.
;
LIABILITIES—Notes payable—bank
(unsecured), $1,000,000; trade
accounts
payable,
$685,084;
accrued
liabilities, .#247,190; employees'
savings bond subscriptions and Federal
income tax withheld, $5,630;
unpaid dividends,
$2,288;
payable
to
holders
of
52
shares of old
(after
of products
Federal
277,976
!
$785,000, less $399,165
applied in deferment of unpaid installments for-the
year ended Sept. 30,
«?nc* t0
in settlement of net deficiency for prior years,
$385,835; sundry accounts
receivab'e, $9,440; inventories, $2,523,623;
investments
Federal
per
has unfilled orders
amortization
Revenue
of
150,000
$327,177
*1,029,293
p".
>'
-$148,423
*976,192
*1,018,850
*993,774
•
trustee, 15th and Chestnut Sts., Philadelphia, Pa,~-V, j.62.
&
•
Earnings
385,000
additional
for
$2.12
Miscellaneous
62,311
BALANCE SHEET, SEPT. 30.
ASSETS—Cash
receivable
for
to
Total
$846,600
187,282
registration
a
number
Operating profit—
Miscellaneous income—disc.,
"
73,359
paid
filed
24,
=
earnings for the year ended Oct. 31,
Administrative
$935,537
tPortion of Federal taxes i
"carry-back", provisions of the Internal
Feb.
on
90,971
150,000
165,
There
arrange;
provision
equal
Service
.?•
>
165,
1944
$138,158
...
Duquesne Natural Gas Co.—Partial Redemption-
165,
.
net
Gross
1&OSS.
under
-v.
•
These earnings
of common stock
outstanding. In the preceding year ended Oct. 31, 1945, the net earn¬
ings after all charges including provision for ^Federal taxes, were
$383,778.
Such earnings were equal to $1.70 per share on 225,000 7
shares of common stock then
outstanding prior to the 2 to I stock
split-up effective Feb. 20, 1946.
1
^
$755,629
$15,930
*;'
tLoss,
income.
on
Corp., Detroit, Mich.—Annual Report—
/
Nicol, President, on Jan. 24, said in part:
"/
777/;,,V "■/
Selling
76,621
7
taxes
selling stockholders will be supplied by amendment.
John
Cr758,000
/
_
'
1944
*841,448
.
Cost
$858,916
7
profit
federal
Divco
;
com¬
30
$133,718
*941,609
income
oper.
,
"1945
tBefore
and directors who have entered into a selling agreement /
the underwriter. The amount of shares being sold and the names
de¬
important
+$905,480
197,732
—
proiits tax_i—
Dividends
stock
34,323
XXuxlXX:
J—————„—
Income
allowances.
and
Years Ended Oct. 31—
Net sales
+$707,748
——————_7——
charges
tFederal
of
7.-//
$190,563 in
■'..i-**::;;-
-Earnings—
1946
-
$168,455
frbm
—V.
COMPARATIVE INCOME ACCOUNT
,•
1945
24,821
101,577
Co., Inc., Charlotte, N. C. The offering *
being made by the company, but by certain stockholders, includ¬
Prov.
'
income
to
unspecified
an
company now
$9,251,128' $12,932,160 $12,044,935
9,621,030
1.1,555,460 ■ 10,786,011
535,577
517,785 j-*... 503,296
—w_—
operating profit—————.:—
Other
Co,
products
SEPT.
discounts
7;
y
industry, company
profitable and expanding
'
14,891
63,149
38,993
(N. C.) Furniture Co.—Registers with SEC—
em¬
•
railway
railway..—
Net from railway—,.—_
Net ry. oper. income.—
17,899
The net sales of $7,223,597 include sales of Divco trucks and service
in comparison with the net sales of 1945 of $3,566,369. The
general
has
and
most
its
;
•
Gross
115,825
Crll,598
parts,
manufactures
seats
the
STATEMENT, YEARS ENDED
/'.77; ■
■ .<.. "• 7v7'i-;*7.:1946
of
its
better
common
company
of
INCOME
Cost,
be
of
*
Crl0,274 '
'
-
-1947
.
-railway.
January—
,
officers
with
it
company offers to the automobile
State Products Co. will be a
Motor
division.
Gross
with
since
Products
shares
auxiliary
car
It
in
State
and
;
Division
could
;
'
charges,
Underwriters, R. S. Dickson
were
since
products^-XX-
50,000
liabilities.
seat.
fit
not
Motor
of
passenger
truck
the
in
purchased
certain
and
improved
did
facilities
automobile
'
75,214
*.
company
for
Including
"/v/"-'///.////
of. the, Prestole
division
the
its
of
the
of
tops
car
an
believes
this
that
and
production
1946,company
Ypmlanti,
ivni
disposed
company
and
1947
■
.
New Buses—
Drexel
share
holders
to
1,351,506 >
$2,660,583
Duluth Winnipeg & Pacific Ry.—Earnings—
,
93,098
63,903
'.h
reason*
it la not alwaye
companies its exact alphabetical
However, they are always as near alphabetical
position as possible.
.■} './I
Zir'ft".
other
per
225,000
141,199
$3,837,406
depreciation of $222,906 in
A-
392,650
"
450,009
936.
•
from
ry.
108,184
-v
^
^
NOTE-—For- mechanical
Detroit Harvester Co.—Annual Report—
In
:
possible
—
cents
1
'
"
*
•
order.
The
on
692.937
—
1,838444
for
p.
^Deficit.—V.
100
Detroit Gray Iron Foundry Co.—Resumes Dividend—
directors
203,719
transportation
808.
v
The
61,268
'
.....
165,
from
of
Morgan
Stanley & Co. on Feb. 24 effected a secondary offering
of 100,000 shares of capital stock
(par $20) at $26%
per share.
Dealers discount, 65c... The issue has been
oversubscribed.—V. 165, p. 808.
•
- •
/.:/•*
\ :.;N :-^Vr>
—
8,145
depreciation, depletion,
p.
is not
Detroit
193,921
38,862
73,227
Duluth Missabe & Iron Range Ry.
\
7;:////
;
taxes
—
reserve
v.
Net
SEC— ;
among
.
43,288
705,420
bidding," Pro¬
used,
withholding
($256477
45,670
,,41,676
752,000
68,700
-
38,793
35,662
35,570
35,500
!
/
.7,1,152,815
on
Feb/ 21, filed a registration statement with the
shares-($100 par), cumulative preferred. The names
company
for 50,000
SEC
40,414
;
171,397
■
/
1945——
1946__—
'
"
j
1
$2,660,583
62,023
*
♦After
1946,
Profit
$6,432,914
*
•
30,875*
■
529,456
1,545,315
*156,543 /, 569,932
567,926
-
v
187,064 ^ ■'') 41,966 *
>
•
"
1944*
$5,618,774
t
1,135,782,
income—436,733
oper.
♦Deficit.—V.
1945
1946
■
-
882,764
1944
Delaware, Lackawanna & Western RR.—Earnings—
1947
,—
Total
116,357
.
35,702
,
190,275
s
r
862,535
•
-
♦After
January
'
$557,998 *.
162,777.
—
•
$74,768
24,116
9,952
$33,127
176,676
1943—— 7
.,/.:
502,390
24,605
;
1
expenses
surplus
surplus
Net
Taxes
Depletion
$119,325
709,552
1941
"■
other
(par value of $1 per share)
Capital
Net
$11,429
t Profit
$583,273 *
1942
$4,453,801
71,372,531
1,163,951
681.
p.
47,998
59,865
>
>.'•;■
„
;
taxes
sto^k
January—
Federal
Deprec. &
1933
.'1944
$3,922,973
646,282
$3,647,801
income
Common
Gross
1937
'
1945
1468,748
$3,837,406
,••..;■
and
Earned
be received by the company will amount
«
and
Corp.-fEa^nings—
from
Net
—V.
I.
.
'
981,238
,a,
v
balances
and
excise
Federal
.
SALES AND EARNINGS FOR CALENDAR YEARS
1940—
Delaware & Hudson RR.
'
credit
wages
General,
approximately $269,000.' It is expected that these proceeds, together. /
the
$450,000
which
may
be borrowed from
banks,
and as j
by other cash funds of the company,* will be used- to
finance a general rehabilitation and expansion program.
■
"
'
price may
trustee,
—
value
payable—trade
Accrued
,
103
redemption
New
equipment——
patterns, less amortization——
insurance and other items—:
liabilities—
'/*• 7"*"7 !
•/
: /_
140,075
401,205
416,976
—
Customers'
with
681.
p.
/'*-
and
$392,684
341,149
reserve)—
1946
.
""
1,497,531
X
Accounts
agreement
1939—
31,
full
the
Trust
Y.—V.
January—
Grass
loan
a
notes.
sinking fund bonds, due Dec. 1, 1956,
these bonds outstanding have been called
March
on
payment
Midland
N.
has
company
mortgage 4%
that, all
Total
are
additional common
shares to 96,000.
24,000
of
(less
~V"-
~
.*1947
'
/ $492,648
supplemented
Bonds for Redemption—
first
noti.ied
Immediate
offering
'
reserve).;
Patents—nominal
out¬
shares
shares
common
receivable
notes
(less
Prepaid taxes,
to
♦Preliminary figures for the two months ended Dec. 31, 1946, indi¬
an
estimated loss, after Federal income taxes, of $182,000.
.
1
of
present
72,000
and
Property, plant
Dies, tools and
j
'''V'
i—
notes-2^.—"
Treasury
Accounts
hand
On
of 150,000 /
capital stock consists
which
PURPOSE—The proceeds to
cate
Solders
The
of
$1)
S.
and
31 /1 v
SHEET/ JANUARY
,r
banks
Inventories
with Barter Bank & Trust Co.
(Canton, O.), First National Bank of Canton
(Ohio) and National
City Bank of Cleveland which provides that after It has obtained' at
least $275,000 from the sale of capital stock,
it may borrow up to
$45C,000 on notes to be issued to these banks. The notes are to bear
interest
at
rate
of
3Va%
and are to be payable in equal annual
instalments over a
period of five years from the respective dates
275,660
145,000
408,700
„_
U.
increase the issued and outstanding common
The
Prov. for Fed. inc. taxes
(est.)
(par
standing.
will
78,312
—
shares
common
$940,490
authorized
in
Cash
classes,
CAPITALIZATION—The
•
$728,522
-
present
three
BALANCE
ASSETS—
time, the company's sales may be grouped generally
namely, (1) sales of cement for specifib projects;
(2) sales to building material dealers and ready-mixed concrete deal¬
ers
principally for their trade, and (3) sales to manufacturers of
concrete products.
For the most part, the company's sales are made
in Ohio, western Pennsylvania and northern West Virginia. •
into
$1,500,449
$1,400,371
$1,365,457
$1,756,615
At', the
„•
,
.
-
225,000
$0.48
$0.67
tioned.
Such
merger-was
present intention
corporations.
to
carry
►.
completed
on
the
on
21, 1946.
It
developed by the
Dec.
business
.
■
.
is
th®
merged
*/: •/
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4573
{(Volume 16S
4
the
..
,
8®8e
>
t
10 shares of - Klico, Inc. $1 common stock.
Under this arrangement,
50.600 shares of $1 par value;-common stock of Klico, Inc. were exchanged for 5,000 shares of Edwards Brothers, Inc. preferred stock.
I
The holders of the $1 par value common stock of Abden, Inc. re¬
■
►
'
000
i
share of
one
shares of
lO
Abden,
$1
of
shares
$1,000
$170
the
°n
Richardson
Temple
would
Bldg.,
Theater
additional
an
be
obtaihed
$51
from
to
be paid on
on* leasehold
and
mort-
$450,000
a
property
the
and
interests
ad-
the
in
Meyer
.
Bank which hold in trust for
;
the
number of beneficiaries some 52% of
to recommend
a
outstanding preferred shares were reported willing
the plan to holders they represent.
acceptance of
.
The company has
outstanding in addition to the 6% preferred a total
$100 par common stock. Both stocks have been
inactive, dealers in unlisted shares report. ('Toledo Blade").—V. 133,
p. 141,
of
net
10,000
New York and other states to provide substantial housing at moderate
rentals, Mr. Parkinson revealed.
"As soon as construction costs sta¬
„
are
of
holders with whom the company has discussed its partial
plan are reported to favor proceeding with it, the- letter
says. Representatives of the Toledo Trust Co. and Commerce Guardian
shares
of
Finance Co. of America at
Years End. Dec. 31—
common
.
payment
liquidation
receiving 16 shares of Edwards Brothers, Inc. $1 par value
bilize and the situation as to rental restrictions of newly-constructed
stock for each share of Foreign Periodicals, Inc. $1 par value
buildings becomes clearer, it will be possible to proceed with the
.common stock.
Under this arrangement, 850 shares of $1 par value
development of other desirable sites in New York, such as that acquired
common
stock of Foreign Periodicals, Inc. are being exchanged for
£ last year by the purchase of the Webb Institute of Naval Architecture
13,600 shares of Edwards Brothers, Inc. common stock. ...
. . •.
*
in the Bronx,*' he said;
"The Equitable's Clinton Hill housing project
'
The holders of the $1 par value common stock of Blbliographla, Inc.
in. Brooklyn "Is nearing final completion and will provide attractive
are receiving
16 shares of Edwards Brothers, Inc. $1 par value com>: living accommodations for
approximately 1,250 families."
>
.7 mon stock for each of Bibliographia, Inc. $1 par value common stock.
V
Mr. Parkinson reported that loans on policies declined further in
Under this arrangement 1,000 shares of $1 par value common stock
-1946 and now represent only 3% of total assets compared with 21%
of Bibliographia, Inc. are being exchanged for 16,000 shares of Edin the worst depression year of 1932.
The drop, he explained, reflected
wards Brothers, Inc. common stock,
7/77'7"-77's7l:7;'v7;.<•••'"'7 7;7,,7:-b:yl
increased
repayments and lessened need for
financial aid among
The holders of the $1 par value common stock of J. W. Edwards
policyholders.—V. 165, p. 537.;
Fublisher, Inc. (corporate successor to J. W. Edwards Publisher, a /:
.sole proprietorship) are receiving one-half share of Edwards Brothers,
•
Erie RR.—Earnings—
Inc. common stock,, and l/20th share of Edwards Brothers, Inc. pre¬
ferred stock for each share of $1 par value common stock of J. W.
January— '
v
1947
1946
1945
1944
Edwards Publisher, Inc. held.
Under this arrangement, 43,500 "shares
Gross from railway
$11,850,142 $10,242,641 $11,861,218 $12,904,467
of $1 par value-common stock of J. W. Edwards Publisher, Inc. are
Net from
railway—2,381,617
2,197,797
2,405,501
3,750,650
Net ry. oper. income—
-toeing exchanged for 21,750 shares of Edwards Brothers, Inc. common
836,033
V; 807,121
804,644
1,234,459
stock, and 2,175 shares of Edwards Brothers, Inc. preferred stock.
—V. 165,' p. 682.
The holders of the no-par value common stock of Edwards Brothers,
Inc. received 18 shares of Edwards Brothers, Inc. $1 par value comFalk Mercantile
;Inc.
a
Preferred
admitted
gain
on
investments..
After expenses
of
management
of
^investments, including Federal Income Taxes, net earnings totaled
$140,370,000.
■
,
The Equitable is planning more multiple unit housing projects in
Edwards Brothers, Inc. preferred stock for each
Inc. $1 common stock.
Under this arrangement,.
par value
common stock of Abden, Inc. were
exchanged for 700 shares of Edwards Brothers, Inc. preferred stock,
- The holders of the $1 par value common stock of
Foreign Periodicals,
ceived
with
leasehold on Adams
St. With $200,000-cash on hand and the mortgage proceeds the $119
initial payment would be financed. The remaining $51 a share would
await sale of three other downtown properties specified in the plan.
A letter to preferred holders reports operating deficits for the years
1933
to
1946
totaling $203,328, but outstanding obligations of the
company were cleared up through sale of properties in 1944-45 and
1946 so that the company stood clear of debt at the last year end,
except current liabilties.
'
V
.
assets of The Equitable were $4,192,528,129, an
all-time high, and a gain of $343,089,346 over 1945.
Mr. Parkinson
stated that the Society's holdings of United States Government obligations amounted to $1,639,767,000 at the year-end, or 40% of its total
investment holdings.
^
'
(
Earnings on the Society's investments for 19461 aggregated $149,865,000 which comprised $110,474,000 investment income and $39,391,-
i
retired
plan provides.
Funds
living
Total
be
•
before Aug. 15, 1948, the
for the. retirement
or
Joining
W
•
would
„•
receive $119 cash for each share with
policyholders, sharply underscoring the public trend
toward seeking living as well as death benefits in life insurance.
Last year the Society disbursed $101,304,000 to aid widows, children
and other beneficiaries under individual policies.
It distributed $35,540,000 as retirement income to older policyholders and $38,797,000
in matured endowments, disability benefits and cash values.
In addi¬
tion to benefit payments made through individual policies, The Equit¬
able paid out $56,080,000 in benefits
to workers and their families /
through group policies.
A total of $55,296,000 was paid to policy¬
holders in dividends, reducing the net cost of their protection.
v
•
Upon deposit with the Toledo Trust Co.; depositary, Toledo, O., of
virtually all of the 5,284 preferred shares outstanding, holders would
went
the
merger,
•
C.
Reporting that The Equitable paid out an aggregate of $287,017,000
on policies in 1946, Mr. Parkinson pointed out
that 54% of this total
to
back dividends
and
share.
a
the
$6,069,564,000 was owned through individual policies and $4,494,402,000
through group policies.
\ :
; •
stockholders of SaCco, Inc.
? received one share of Edwards Brothers,
Inc. preferred stock for each
io shares of Saccof Inc. $1 common stock.
,Under this arrangement,
16,000 shares of $1 par value common stock of Sacco, Inc. were ex¬
changed for 1,G00 shares of Edwards Brothers, Inc. preferred stoelr/,
vThe holders of the $1 par value common stock.of Paggo, Inc. re?
7 ceived one share of Edwards Brothers, Inc. preferred stock for each)
•20 shares of Paggo, Inc. $1 common stock.
Under this arrangement,!
52,000 shares of $1 par value common stock of Paggo, Inc. were
exchanged for 5,200 shares of Edwards Brothers, Inc. preferred stock,
i
The holders of the $1-par value common stock of Klico, Inc. received one -share of Edwards Brothers, Inc. preferred stock for each
with
connection
In
shares
1946
$10,563,966,000 and represented an increase of $1,391,526,000
amount of family security owned by Equitable policyholders
at the close of 1945.
Of the total insurance in force on Dec. 31, 1946,
satisfaction ^of his indebtedness and to *repay the comcash value of.the life insurance policies which were
Assigned to'•"him;-';' •' F.
'"O '■<<*''•*': ;'V• 7' '7 -,/». *■;. • •vi •'•'■7
'f-
at the end of
force
totaled
over
ration inv full
pany for the
•
Parkinson said that life insurance In
Mr.
1
BASIS OP MERGER—J. W. Edwards, both In his individual capacity
i'»nd doing business as J; W. Edwards Publisher, was indebted to the
corporation in the amount of $62,847, and the company had insurance
policies upon Mr.-Edwards^ life with a face value of $40,000, and a
i cash value1 of $11,295^ In
oonnection -with the merger, Mr. Edwards
^surrendered 7,414- shares of the new preferred stock to the corpo¬
1189
Gross
1945
.1943
1944,,
V
inc., less charge-
$594,024
outs
$316,192
143,051
167,431
$173,141
32,357
^ $216,626
.94,469
42,523
- .
$434,913
$384,057
74.626
Oper. expenses, etc
.
Baltimore—Earnings—
1946
196,444
c
192,855
/
.
Net
income
oper.
Interest,
.
income
■
$397,580
etc.
Prov. for Fed.
taxes
'
profit
Net
i;
>'
'
J
$242,058
65,078
.
45,603
and State
$98,262
75,000
125,000
$105,871
$113,537
1 75,000
125,000
$228,485
—
71,109
57,486;.,.
.
i
Cash
divs.
preferred—..
Cash
divs.
common
75,000
*No. Of CI. A & CI. B
.
shs.few; 6,250
share—
$36.56
;;
,
,,Earns.' per
•
stock.
mon
each
for
stock
xnon
of Edwards Brothers, Inc. (no par) com¬
arrangement, 12,297 shares (no par) comBrothers, Inc. were exchanged for 221,346 shares
share
Brothers, Inc.
4»f Edwards
:
stock.
common
BALANCE SHEET
PURPOSE!—Net
of
sale
and
proceeds
the
capital,,
working
$o
to be received by company from the issu¬
shares of preferred stock will be added
LIABILITIES—Short-term
" x- f>'7/
.
"
♦Assuming the 12,739 shares now offered are all
sold.
a.
t
Co.
(& Subs.)—Earnings—•
In
•
income
•Net
$1,022,879
——
.
Mos.—1945 ,
$3,610,208
$763,362
$86,799
$0.06 '
1946.
•
.
com.
per
■
$1.22
share
.
'
,
.
"
and
"A"
■y..
'
in Nampa and Caldwell, Idaho and La Grande, Oregon.
Falk's are the selling agents for Sears, Roebuck & Co.
operate six agency stores located in Boise, Nampa, Cald¬
y.,
,.
within
(maturing
months),
nine
other Federal and State taxes, $2,515;
service
taken
charges—subject
into
account,
to
Federal
$164,037;
and
State
stock,
common
(non-voting), par $100, $375,000; common stock, Class "B"
par $100,[$250,000; paid-in surplus, $513,005; earned surplus,
total, $7,980,543.—V. 165, p. 208.
./
.
and
When
...y
'*■
"
y
.-
•
.
,
.
7
'V-j''
y/.
y
•
Fort Worth & Denver City Ry.—Earnings—
/yy
has stores
addition,
January—
Gross
from
from
Net
1947
railway—.a
206,933
7y Net ry. oper, income—^ ,'7
a- —v.
7 1946
$1,026,647
270,446
'
$982,264
railway--—
121,348
116,115
127,766 .;
<
•
269,505
.
"•A7..,:.:...7aV';' 7;./"7.. ■y' ;■■■;
p..683.^':y;;;
165,
7, 1945
^
1944
$1,191,252
$1,242,070
.249,025
535,391
J
>
PURPOSE—The purpose
6%
•
of this issue is to pay and retire $104,700
1, 1947, and for expansion, improve¬
and other corporate purposes^—
- •
>
*
debenture
ments,
bonds
■>
March
Jan.
31,
the
1946,
for the five previous years 10.21%
average
as
due
of
EARNINGS—As
Keating, Chairman of the board, on Feb. 25
Arthur
Idaho.
'
'
income
(voting),
$1,043,794;
15, 1965; at par on
dividends.
Registrar, First
Transfer agent, Falk Mer¬
including Nov.
accrued
Moscow,
well, Idaho Falls, Twin' Falls and Lewistorf, Idaho.
$4.35 . $0.76
,'
*After charges and taxes.
tAfter preferred dividends and based in ;
•each period on the 787,500 common < shares outstanding at Dec. 31,
tEarns.
Bank,
Co., Ltd., Boise, Idaho.
in Idaho
•'-; 1946—12
1946—3 Mos.—1945
plus
1965,
16,
-•
'
Period End. Dec. 31—
Nov.
Savings
on
Class
.
interest
taxes
■;'y COMPANY—Talk's first store was started in Boise in 1868 ana
part of its modern department store situated on the northeast corner
of 8th and Main Streets in Boise as on the original site.
Corporation
also
Ekco Products,
&
cantile
.
'
s
after
and
Trust
.
stock reserved for con-
;.. tNot including 20,000 shares of the common
Version of the preferred, stock.-—165, p. 681.
;
1955 to and
.share from Nov. 16,
*►
i
unearned
.
notice
,1
CAPITALIZATION, GIVING EFFECT-TO PRESENT FINANCING.
'
♦«'.•'
V
v"1' ' •
*
Authorized 77[ Outstanding
5l,£% cum. conv. pfd. stock (par $10)—
42,586 shs.
•20,000 shs.
Common stock ($1 par)—,
500,000 shs.,
f272,696 shs,
;
i'*1
notes
rent year—estimated, $94,469;
V;
Dividends payable quarterly Feb., May, Aug. and Nov. 15. Redeemable
option of corporation on any dividend date upon 30 days' written
at: $105 per share to and including Nov. 15, 1949; $104 per
share from Nov. 16, 1949 to and including Nov. 15, 1955; $103 per
at
f
f \r>
i ;;
V;'.T
1946
31,
$5,427,000; accounts payable, sundry, $40,010; due to officers, directors
and stockholders, $70,713; Federal and State taxes on income of-cur-
•
>T
12,739
s-
DEC.
AT
short-term notes, $12,398; total, $7,980,543.
7
.
ance
$0.84
>
$1,453,661;
notes and accounts receivable
(net),
$6,017,524; investments and other assets, $496,962; prepaid interest on
Offered—R. M. D. Childs, Boise, Idaho, on Feb. 4 offered
3,000 shares of 4^% cumulative non-assessable pre¬
ferred stock at par ($100) and div,
/
7
$0.91
$0.78..
changed from $5 to $100 in
ASSETS—Cash,
Co., Ltd., Boise, Ida.—Preferred Stock
this
Under
stock of Edwards
mon
v
»Par of shares
;
4,539
75,000
125,000
at the end of such previous years.
For the
year 1946-47 the profits
7vS
NOTE-—For
possible
order.
corporation earned on an
of the capital and surplus
to
mechanical
arrange
position
as
are
possible.
it
reasons
companies
However, they
in
is
exact
always as near
..y
-
• •
not
always
alphabetical
alphabetical
-••••y.y?---".y
y:y.-C■V:""':':
considerably better than
they were in 1945-46. The sales increase will amount to about 40%
The year 1946. ushered into being for Ekco a new era. The company
Fox Metal Products Corp.—RFC Agreement—
•Vover 1945-46.
"7-f: s'"'7':v;.
completed approximately 80% of an expansion program that had been
These earnings were made in spite of the high excess profits tax
7 '
Samuel E. Fox, President, • on Feb.- 25 announced that the corpora¬
planned and, worked out over a five-year periodv Ekco now operates
and the. large contributions made to its Profit Sharing Trust.
tion had entered into
a
market guarantee agreement with Recon¬
13 factories with approximately 1,239,000 square feet of floor space
The corporation will not declave dividends on its common stock for/
struction Finance Corporation covering approximately 1550 aluminum
compared to 4 factories containing approximately 586,000 square feet
the years. 1946 and 1947, so as to increase the surplus.
prefabricated houses to be produced by the corporation during the
5-of floor space in 1939.—V. 165, p. 937,
,
;s
"
/ 1'•
He stated that the agreement had
CAPITALIZATION (UPON COMPLETION OF THIS FINANCING) ' ' 7 remainder of the current year.
been made under the National Housing program and had been au¬
S100)_—: $476,200
.Common stock (par $100)
Electric Bond & Share Co.—Preferred Stocks to Be
300,000
thorized by the Natibnal Housing Agency
Preferred stock (this issue)
.
. '
vv
Mr. Fox estimated that the volume of business involved in the com! Stricken From Dealings on the Curb—
5;; —V. 164, p. 2286.
•
y■
f
,
ii
V pany'* housing program for 1847, including production prior to the
The
New
York Curb Exchange on Feb. 21
announced that the,,
market guaranty, whs expected to be about $5,000,000.—V. 164, p. 1207,
Federal Electric Products, Newark, N. 3T.- -Registers
stamped $5 and $6 preferred stocks of this company, both without par-
further announced:
*
will
be
'
value, will be stricken from dealings on the Exchange at the opening
business on March 6, 1947, the effective date for retirement of the
7
ficates
cash
Bankers
at
as
Uereafter
$70 per share in
34c per share of
and a transferable
additional payment
approved.—V. 165, p. 1069.
this
,
past 14 years, he has been
corporation.
;
.
•
.
.
district representative in Chicago for
•
.
y.
.
.
7
of the Canadian
engaged in the
specialized communications equipment.—V. 165, p. 809.
'"During the war, Mr. McCarthy was General Manager
subsidiary of Electronic Laboratories of Canada, Ltd.,
I>roduction of
The
©EC
7
York—Registers with SEC—
for
this company and of Rockwood & Co. have been
in abeyance on the proposal to merge
that was announced on Jan. 20 due to objections
7 from certain minority stockholders of Rockwood & Co., H. Russell BurThe stockholders of
adviced that action is being held
the
companies
two
used
to
repay
bank,
'v:
President of Rockood & Co., said.
still convinced, after months
.7-:....: ■../""
'7
"Although
that the merger would be beneficial to all interests
•
on Feb. 20, filed a registration statement with the
trustees' certificates for 300,000 units. Purchases and
Elfun
Trusts are made by I. C. Mahanna, Secretary
of
company
•v
covering
sales
the balance of $34,000 of a property
the amount of $1,295,000 to Bankers
and for additional working capital.
.
.
•
Elfun Trusts, New
be
mortgage, to pay off loans in
Commercial Corp., New York,
.
Proposal
-i:/7.,:v v7..7^ \
Froedtert Grain & Malting Co., Inc.—Merger
Held in Abeyance—v
of exhaustive investigation,
in Rockwood & Co.,
the principal Rockwood stockholders disclaim any desire to use their
majority position to press for a merger unless acceptable to substantial7 ly all other stockholders.
-v. 77,
1
<
(Harry) Ferguson, Inc.—Proposed New Financing—
7'77; "The principal stockholders of Rockwood & Co. do not Intend at this
Roger M. Kyes, President of the company, announced Feb. 26 that
time to call for a vote on the plan of merger, previously outlined, but
the company has entered into an agreement with F. Eberstaddt-& Co.
that at any later date they'will feel free to revive a proposal to merge
Inc. and Watling, Lerchen & Co. covering a proposed offering of 100,000
the two companies or, alternatively, to dispose of their respective stock
shares of preferred stock ($50 par), and 250,000 shares of common
interests in Rockwood & Co. on an individual basis."—-V. 165, p. 537.
stock.
The proceeds are estimated at approximately $7,750,000 and are
V-;:
»7 7;' 7.-/- v
:-7/' y 7• • 7. ■ • 7;
to be used together with company funds to finance the production of
7 7- 7. cv.x77
7 ,%.-7
Fundamental Investors, Inc.—11-Cent Dividend— ; a
the Ferguson Tractor.
The terms and dividend rate of the preferred t
stock and the public offering prices of the preferred stock and the
The directors on Feb. 19 declared a quarterly dividend of 11 cents
common stock will be announced later.
A registration statement is in
per share, payable March 15 to holders of record March 1. Following
the process of preparation and will be filed shortly with the SEC. The
the issuance of one additional share of stock on June 22, 1946, for
public offering is expected to be made early in April.—V. 165, p. 682.
each share held as of June 7, 1946, the company on Sept. 17 paid
will
bonds,
Director Elected—
has been elected to the board of directors.
L. C. McCarthy, of Chicago,
The offering price will .be $7.25 a
registration states principal stockholder has granted the
an
option to purchase 45,000 shares of class B ($1 par)
/common
at $7.25 a share, exercisable for a period of three years.
Proceeds of approximately $870,000, together with $755,000 of other
underwriter
Electronic, Laboratories, Inc.—-Npw
For the
New York.
& Co., Inc.,
:7
26, filed a registration statement with the
($1 par) common class A. Underwriter, E. F.
The
share.
-
,
Feb.
on
150,000 shares
y Gillespie
Trust Co., New York, receive
of capital, plus dividends of
distribution
a
preferred and 40.8c per share of $6 preferred,
certificate evidencing their right to receive any
$5
company
for
SEC
On that
V
SEC—S7.7:. A''r^'7'•■
with
The
by order of the Securities and Exchange Commission.••
date holders of the stocks will, on surrender of their certi-
issues
limited to execu¬
former employees
other designated
persons.
Certificates will be issued to each Associate, evidencing the
number of units in",the fund to which the Associate is entitled by
reason
of payments made by, or for the account of, the Associate.
Value
or
price of unit is dependent on the value of underlying
trustees, or other authorized agents. The offering is
tives, leading employees, persons on retainer and
«of the General Electric Co. and its subsidiaries or
'
77
•
a
quarterly dividend of 11 cents per share,
year-end distribution of 80 cents on Dec. 24.
split-up, distributions of 22 cents each were
June 15, 1946.
7;-7; 77'"7,7.'(i7,7• . 7/7"'7
.
Fidelity & Deposit Co. of
Stockholders at their annual
"7 of the company's directors and
Maryland—New Director—
meeting held on Feb. 19 reelected all
elected Gary Black to the board. Mr.
•
"
which was followed by a
Prior to the two-forv-one
made on March 15 and
7 J v.. 7
7/;-77.
Van-Lear Black, former Chairman of the
F&D's board, a grandson of H. Crawford Black, one of the original
Annual Report for Calendar Years— 7
7
> founders of the
company, and a nephew of Harry C. Black, Chairman
Engineers Public Service Co.—Earnings—
The net assets of the company on Dec. 31, 1946, and at the end
7 of the board of the A. S. Abell Co., publishers of the Baltimore Sun : 7
of 1945, were;
77- • 7:7,: 7 7 77
7v77;'7"7.7''
EARNINGS OF PARENT COMPANY ONLY FOR CALENDAR YEARS
and Evening Sun. Since his discharge from the army in October, 1945,
7
7'i-7
••■7:;,7. 7,77'7':7v,;77'777;.77i::: ;;.'7 Dec. 31, '46 Dec. 31, *45
Vl-:.;;
77 v,^f7//7 ::.-.,.;v7-7-''?7/: '.".. v
7>*vv'77' 1946 ;■ . .! 1945
after five years' service, Mr. Black has been associated as a business
—
$21,642,652 $19,306,709
Total revenue
$5,176,650 *$6,193,637
partner with Harry C. Black in various enterprises.
vj Total assets at marketLess:
liabilities
——
—
*
81,708
42,103
Gross
income
:
*
4,615,852
5,679,541
At a meeting of the directors held on the same day, J. Harry
Balance for common
i
i-~
2,496,759
3,560,449 7 Schisler and Dan E. Gorton were elected Vic-Presidents of the com¬
Net assets at market
—
——
$21,560,944 $19,264,606
Per share
—-■—-—
$1.31
$1.86
pany and Oliver W. Littleton and Francis X. Linsenmeyer were elected
The net asset value of company on Dec. 31, 1946 was $14.18 per
7 Assistant Secretaries.
»
777,,
'
;
(•Includes special non-recurring dividends and interest incident to
: ~
share.
After allowing for capital gain dividends,
this represents a
sale of subsidiaries.
'■
••
-'■V"-'-' '''y- 'yy 71 Mr. Schisler has been associated with the F&D since 1910, and has
decline of 10.5% from the Dec. 31, 1945 valuation of $16,775 per share
been connected.with the company's Claim Department since 1914, for
CDNSOL.; EARNINGS (COMPANY & SUBS.) FOR CALENDAR YEARS
many years as Attorney and more recently as Manager.
(adjusted for stock distribution June 7, 1946); ' 7
,
.
7 securities
constituting the
portfolio.
,
Black
:e'i' 7 f
/
:
is
a
of
son
the late
•
.
-
-
—
—
—-
•
—
vv'"'';
Total
revenue
—
Balance applic. to com. stk. before giving effect
\ to reducs. in taxes resulting from non-recur-
;
•
ring
deductions and
stock
tax
losses
"
6,208,782
—
$3.25
,
in
a
is
in
of the company's branch office in Los
late William M. Walker who was for many
the company and head of its organization
profits realized during the year amounted to $1,262,494.
year-end, the portfolio securities showed unrealized appre¬
$2,148,543, as compared with $6,110,955 on Dec. 31, 1945.
At the year-end, 71.2% of net assets of the company were invested
in common stocks^ 6.0%
in appreciation-type bonds and preferred
charge
Vice-President of
Security
At
member of the F&D's home office organiza¬
of its Salvage Department.
Mr.
Linsenmeyer is Manager
of the Judicial Department in the
company's New York office and has been connected with the F&D
since October, 19?4.—-V. 165, p. 809.
since
'
1914, and is Manager
of
stocks,
Southern California.
tion
the
ciation
Mr. Littleton has been a
4,134,969
$2.16
and 22.8 %rin cash or its
equivalent.
.
1069.
165, p.
(The) Equitable Life Assurance Society of the U. S.—
Assets Rise to All-Time High—
Life
the
Gorton
Angeles and succeeds the
years
Per share of common
—V.
Mr.
1946
1945
$61,287,542 $63,801,247
insurance
$10
billion
President,
the
of
board
Amounted
to
reported on Feb.s.21 at
directors.
New
$1,016,000,000.
life
insurance
><'*
<
Society in 1946 passed
its histqry, Thomas I.
the annual meeting of
bought
1 •
ri,H.
during
l,
last
year
Fifty Associates Co., Toledo, O.—Plans
ferred Stock—
The
directors
have
invited holders
of the
to Retire Pre¬
as
of
last
stock
company's 6%
•Net
$100 par
Dec.
which dividend accumulations amounted
31, to aefcept a compromise settlement under
on
to $87
which
••
income
♦Before net
surplus.
—
-
profit on sales of
—
V
' 1945
.
1944
$593,989
$503,654
$409,135
157,013
-
-
Expenses"""::—--,
f
-
preferred
YEAR ENDED DEC. 31
.1946
Income
7
protection provided by this
mark for: the first; time in
Parkinson,
STATEMENT OF INCOME,
-113,945
84,393
$436,976
,
$389,709 :;
Investments credited directly
•"
7 ' .
$324,742
to earned
THE COMMERCIAL & FINANCIAL CHRONICLE
1190
STATEMENT
Capital
Balance,
>
31,
Dec.
7j
,
.
.
1945-,
1946
31,
ENDED PEC,
YEAR
SURPLUS,
OF
Surplus—
of
Uons
received
amounts
to
over
,
capital
of
shares
Sales—net
Cost
.
capital, stock account relative to
stock, issued as
distribution
Balance, Dec. 31,
Earned
Surplus—
Profits and. losses
■'
„
.
the
on
basis
of
k
Profit
from
'*£
'
•*«
,V'-i
I.
^$prejVisicip for U.' S. taxes and renegotiation of
Vwnw
•'
'/>nn#i«nni-e;,!
contracts
war
income—net—
—-—T~-
>•
•-;;;7; 3,458
Profit
Prior
income
before
year's
2 7t
taxes
tax—2
income,
7'
$301,279
86,342
1,262,494
"i'.-.V'
$439,431;
(hJt),
'
7
1
t\
'
n
J? 2'1 i '
+
2,416,934
.
taxes__2„,—v«10,802,809 sA 6,597'204
payable under U.) S. >
V'4.'»•-1 v/v.*.2.1
accounts
.
*
,—. —
——t-,
.
,
$19,142
Mu.uDu.uuy
,
10,997,032
19,614,372:. 19,545,255
92,952,000
68,009,
3i;^194$->//t:;
receivable
accounts
foreign
and
4
i
Contingent ami miscellaneous reserves——v
36,602,104
18,891,596
/.Minority shareholders' equity in subsidiary cos.
13,574,777 i 11,762^696
$5 pfd. stock, eumul.,, no par value (outstand- ;.
'C.mO 2 s
ing, 594,403 sh.ares),/>^i:)_——--------^----2' 59,440,300
60,785,4Q0
'. Commo 1
stock,
no
par
Valuer (outstanding,
H'
"Ihi 2,065,411 shares) 1:
11,502,1322
C?-28,759
——r—
BALANCE SHEET AS OF DEC
ASSETS—Cash,
-' ,7 7:,; ;Vv
'
,".yl * •> Qoh OA
2-.——^.-——3,889,849
'
^
10,402
Provision lor lederal and state income taxes1946_-1__———
-:$16,234,492
122,60J 77 ; tt 1 4,560
77;.v.f,/7"-,7 '7 ''v;< .77 '■
/'V;
:'7 $178,679 ':'7 $43,401
from sales of .investments oomputed
...;
Net income for periods—
cost of specific certificates sold:
^
'x.
—
$8,740
$297,821. 7 ;
operations:;-——————2——--
Miscellaneous
1,343,360
——
-
,
«-
■
i Balance, Dec. 31, 1945---,.--*7i-4*»fr,-.*-.:---i—-.i—■:
7, Net profit for the year——.
r—p.——-
v..,
nifr/ilvnsM
purchased
and
I Provision- for
.
i
$2,305,750 .$1,222,020
f"
—
manufactured
cement
?v>j I
overdrafts-^-—D-—7 2,128,175 7)* 4&jla=
bank
Advances
v,
671,680 shares' of capital
stock
100%
to
—;——
y: :
;
r:
'
5,659,107
$17,577,852
transferred
value of
of
,'.
,
Total
Amount
par
YearPnd. Dec. 31— .',
$11,918,745
-—.—
-
par value on subscnp- •
stock, $7,407,242; less: excess of amounts paid over par value of shares of capi*
tal stock repurchased,
$1,748,135-,
—
Excess
%
Giant Portland Cement Co.—Earnings^
.
Qin7dc
t11
Monday;1' March 3, 1947
$129,168; .in- ";
Total
^
-
^1'
318 406 144 27955368'^
.
'
>,<'
7-
Total
'
i..Portion
dividends
of
paid—————-——
1,268,076
A
'"ikilaa
$1,444,
•
Rfl.la.ncp
Dpc
Undistributed
from
i"
1946
11
-
$80,760
_
>
of
V'jj
Net
income
——
dividends
Cash
charged
.
:
———
declared
above
($1,649,977),
(net),
------
and
payable
State
earned
jAtotal
$Uo/i
siz61
and
\total
stock
"
''
•
$93,175,
ac-
1,694,^as.-—V;
surplus,; $88,668;. total,:
in
Dec.
31,
1946
—
—
Earned surplus,. Dec. 31, 1946—
Capital surplus and earned surplus,
$55,075
135,835
16,370,327
2,148,543
——-
—
Dec." 31,
1946——
"
Unrealized net appreciation of
investments at Dec. 31,-1946
-
Rubber
&
Net
Co.,
Akron,
4-v
surplus,
market
the basis of carrying
on
quotations
O.- -Reports
The
:
BALANCE
^
,
ASSETS—Investments, at
cific
certificates
SHEET,
market
DEC.
31, 1946
1
,»•
.s"
purchased,
on
7 $21,642,652.
$16,631,000;
basis of
cash
'% : :/'7:'>";/7
spe-
The
on
'
because
effects
for
during
both
heretofore
'
;•
Office—
This corporation announces the opening of a regional sales office In
the White Memorial Building, Syracuse, N. Y., and the appointment of
Raymond D. Griffiths as district manager there for New York State.
The
1947
20.4%
or
over
Total
bond
holdings of the corporation
represented
i portfolio
about
accounted
for
7.5%
of
6.8%
gross
and
common
company's Investment in stock of The North
.
tiolding,
;
assets.
.
in
American
and
end
net
income
Net
of
from
dividends
of
and
interest.
^-before
corporation,
$6 per
share
of common
stock.
,
by'
.
.f-
.
v
adjustments -anti -other -post
the
were
;;i
share.
products,
new
We
li?™ !nrt
1 aboratoi-ies
!2l
.
the
end
a
1945—*
included
tho
compa^iv
in
$2.50
and
Payment
cumulative
accrued
will
be
Redemption—
redemption
made
at
April
on
convertible
dividends
1,
the
First
next,
3,000
preferred
amounting
to
stock
62 V2
National
cents
Bank
of
3135.
p.
Foods, Inc., Atlanta,
our
Ga.—Stock
issue of Feb. 17
Tnhrrstnn
T
Offered—As
underwriting groun
an
Cn
pmnn
nnrl
All^n
Jf,
14 offered 125,000 shares 7<ti par)
($1
rv.
&
°?
.
stock
common
to the public at $6 per
of
Substantial
194S.'
:
!!li!r S l!L.ri
the
a
looks
contributed
consolidated
to
a
lear
In
for
1946.:
Company was originally
incorporated
:
-
the ,company
purchased
its business to the
the
Travis
Cookie
company's Atlanta -plant.
Co.
.i
.
and
trans-
4
,
'
Practically simultaneous with the-start trt this business in
Atlanta,'a
plant was c4uij^lu-iwiw outtiicu uuDiwcw iu
piauv wao equipped-and started business in i4uui»vmef ivy,; manuxaciurLouisville, Ky., manufactur-
jng potato chips and peanut butter sandwiches',
ndw
>
etc: During March 1946
the comPariy negotiated, for tjie erection of: a new plant in Louisville,
which ^construction is almost complete and the building is- now partially occul)ied fey the company on a lease basis.-; Upon- completion,
the company wUl expand its operation by adding a bakery .-.department.'and will continue the manufacture of potato chips and peanut
butter sandwiches and will process and pack nuts therein:- New
1
Automatic equipment doubling the
chips'has been instal'ed therein
,
earnings
1938
erred
rnnrivpflr4wil1
Goodyc&r s foreign, ,?• »^-■■uHjg
by
°a'
r.^HISTORY^^ND.;v^SINESS
interest:acquired.
h gh
of
'
^
'^Pve^^ asfietB/Ahd feusinessof the partnership, issued therefor 250,000
shares.- ($1 par) common stock which was distributed to the ..partners
in ratio, of their ownership as partners ih payment of partnership
r^S
forwardf 50, a year of
•
business of the corporation and operated same as a copartnership
^ under the name of Gordon Poods until June 1, 1946.
On this date
- the
same owning partners organized Gordon Foods, Inc., and took
,ISSS-iShS-°
highest public prefer-,
forwa?d
,
Attontv0^ 8^
A
-A-mni
of
use
*
*
"^T/m/Jvuo;
•
additional
-i
extensive
'
,4: March 3, 1938, in. Georgia, and began business manufacturing and
" processing potato chips,-peanut butter sandwiches, sweet cracker sandwiches, salted peanuts, nut moats, shelled fresh pecans and peanut
; candies.
On Jan. 1, 1944,/this corporation was dissolved, and the
' owning stockholders formed a copartnership, took over the assets and
Litchfield pointed
$43,000,000 of wnicn $32,-
ZkiSg
e
iLS'
SfifiZ ^wprp
$9,8GO,pop ^>were
'ri
share
for
'
ot
expenditures
year
Mr.
a
thfs Held
in
called
ther details follow:
v<tt -cjn-
tte'ltrs
$223,190,673
^
Foreign
owned
is how
•
Dlsnt
for
is
inci'f'a^ed 'hHdurfinhv nf
about
to
start operation.
This
to the
Memi ^
rhinc>
-
^ni;wr mc^sea^bduction otxpotagj phips thereat.
.iJecember. 1938 a branch was; opened;,in Birmingham, Ala., for
manufacture of peanut butter, sandwicnes and packing, of assorted
.the
-
capacity for manufacturing potato
and
permit tlie transfer of the old Louisville equipment
,
was opened in Memphis, Tenn., where
peanut
manufactured, and nuts, popcorn and other
nuts;
and 1
J; '
- .
^ .f y v \
?
were
in
production,'' Mr. Litchfield said.
to the capacity of the Canadian, Mexican
,4h_
nOlllGf tn0
huo
COltlpaXiy uES tn^oooH
inCrGS/SCo,
-nmnonv
$3.25
-ta
fECJitiOS
"'The
company'has
added
articles Were
packed.
f.
M'';Iwrj^3ni©hi.^Wks'.-pp^eEted-::iMais^y!TeiihivV^r6m v
"if*:
tu61 J)1 OdUCtlOJi Of trffiS :%'■&;
,,'V.1' YSQiiTf
fOl
synthetic pilot plant was commenced at Akron. V
C- for the manufacture -of
vinyl plastics is being
pany's rayon facilities have been expanded in
of
share
at
ordinary
mills.
The
status
of
the
tire
'
.
in
'
000 of cash representing working
capital for the company's-various
foreign interests required in the course of business.yyy,:In August 1940 a
plant
al
"Goodyear's new tire and mechanical goods factory, in South'Africa - i butter sandwiches
factory
South Africa ;
;
debt,
we're
r $21,580,560
on Dec. 31, 1946, as. compared ,with $20,3.71,322 on Sept.
-30, 1946, and $22,134,033 on Dec. - 31, 1945i
Net assets on Dec. 31,,
1946, indicated an asset coverage of 814%- for the 3%
debentures,
i $208.60 per share of preferred stocks and $5.83 per share of common
£ dock after deducting $1.05 and accrued dividend for each share of pre¬
ferred stock. The net assets on Sept. 30, 1946, were
equivalent to 768%
for the funded debt, $195.27 per share of
preferred stock and $4.90
per share of common stock, while on Dec. 31, 1945, the assets
coverages
were 835%
for the funded debt, $214.70 per share of preferred stock
end
'
.
,
,
Inc.—Partial
has
outstanding
per
u
after providing
are
Bros.,
mentioned in
by the company and consolidated in the year-erid
balapce sheet amounted to, $38,Q00,000, including approximately $8,8091-
re-
*•
deducting
v
;
lifHrfnptq
in
-
fVtofr lQt*oQ'Aif-
cnnnltr
frntWi
/
1946, corporation paid nff the balance nf
dividend arrears, which amounted to $9 per
1938 and were entirely paid off from corporate
assets
$5,443,274
renovation
December,
the
1946
our
investments
its largest
Co.,
assets
Jlct fpfoiits
subsidiaries and
was further reduced during 1946 to about 12.3%
of gross
Taken as a whole, public utility common stocks were 18.3%.
preferred stock
.
,
annual
$52.50
in
m
similar
nt
while the preferred stock
stocks for
81.4%. The
©f gross assets, oil stocks 12.1%,
building, equipment
..companies 8.1%, and chemical companies 6.2%.
In
its
for
>.,7,
"
and
of $174,700 189
U. S. Treasury
§Aftm deducting
deducting
share. In addition to the public
ior_ foreign investments, .7 0ffering>
Johnston, Lemon & Co. and Allen & Co. will
abroad which may have adverse
purchase 25,©CO shares of the stock for investment. Fur¬
values, and another of $10,0ud,000
capital commitments" of
installed
were
researclf
Heport-^
shown
as
assets
Mr.
"WithlE,pJTwin Hoith*'nAwma«W'«fan/i
JiSv St tiphi thl
,
lAfter
$5,000,000
foreign
price
for
its
Gordon
'x''-
$ae,T/o,7tB
$716,176,748
witn
with
on
Corp,—Weekly Output—"
General Shareholdings Corp.—Annual
'
port,
and
ence
■
,
"7*^'*,
SiSnf
J^ nnrr.n,-Aw:nc?vP nlln
»nOfripfuS pfSfiT
fo^ Goodvear Products in
hietorv
'
output of the company for the week ended Feb. 21,
to 137,648,603
kwh., an increase of 23,276,708 kwh.,
the corresponding week of 1946.—V. 165, p.
1070.;;:, v, r.,;;
amounted
reported
Of
regulations
company's
cost
JJSJ li w-tilj o?
?
•*
electric
earnings
«.Ar>^ViA/4
,
General Public Utilities
.'v.';"/ ',1
-
reconversion,
The expansion. and improvement of productive facilities,
and abroad, necessitated by increased demand for regular
competition
i;He Joined the company's sales department in early 1946.
"."'.H'7
V
The opening of this office is an additional step in thie company's
tfilans to strengthen and expand its sales activities, according to Don
J. Phelps, Vice-President in charge of sales.—V. 165, p. 938. > >
1945.
Chicago, 38 So. Dearborn St., Chicago, 111.—V. 163,
against* current liab.lit.es of
$48,630,459, » ratio of 4.6 to* 1,
* * *>''' >"
"f v
' 1
!»*
"The increase
in profits
during 1946," said Mr. Litchfield, "was
largely the result of greatly increased peacetime sales, due to substantial increases in productive capacity at home and abroad, running
ig
throughout the year at full capacity, to fill the world's, needs'for
rubber products, which were not obtainable
,<tyjring the war period."^,"Heavy
production
rates
are
rapidly
relieving
the, ;waf-created
shortage of tires and a balance between supply and^ demand should
■
Sales
Syracuse
1
increasing
the
Current
year.
elected Assistant Vice-President and Assistant Secretary.—V. 165, p. 208.
-Corp.—Opens
•
compares
at
per
purposes will probably be necessary in 1947.
i;
Working capital .of the company at tne end of 1946 amounted to
$174,500,000 compared with $152,472,000 at the end of the preceding
'
in
reserves
'
1946.
amounts
Assistant Vice-President,
Instrument
volume
oompatew during
Goodyear made .heavy capital
here
600,000
has been elected
Vice-President and Assistant Treasurer of the corporation; Benjamin I.
fichiff, Assistant Secretary, has been elected Secretary to succeed E. A.
Jova, resigned, and Arthur M. Luley, Assistant Vice-President, has been
General
net
reserves-one
out/ required new
-
"
General Builders Supply Corp.—Changes in Personnel
Siebert,
common
$616,508,162 were established in 1946,
sales
Tne
products and the introduction of
/
Albert
of
on
post-war
•
investments, $2,148,543; total, $21,642,652.—V. 165, p. 538.
:
per
v
history,
snare,
P. "W.
company's
otter
LIABILITIES—Accounts'payable for securities purchased,
own
capital stock repurchased, $32,153; accrued expenses
miscellaneous
taxes, $28,350;
unredeemed scrip and unclaimed
dividends, $2,722; capital stock (par $2), $3,042,074; capital surplus,
$16,234,492; earned surplus, $135,835; unrealized net appreciation of
J,
in
possible
payable ^ on
''
337
p
of
wartime business, and with $330,599,c7* in tae
record year of 194.1.--.-vFeb.
peacetime
consolidated
and
u
$lb.07
".v'v^V
;V.
' '''
reported.
$15,000,000
'7;
$18,483;
)e;
$166,728,127
corporation
1945, the last year of
previous
;
(cost,
quotations
$14,482,457),
' r
'
peacetime sales of
Litchiield
deposit,
under custodian agreement, $4,710,632; dividends and interest receivable, $59,417; receivable for securities sold, $86,559; receivable on subBcriptions to capital stock, $151,625; deferred charges, $697; cash on
deposit for scrip redemption and unclaimed. dividends, $2,722; total,
„
1945/
in
Record
$18,518,8/0
v
;
the
in
Litchfield, Chairman of tne board, announced on Feb. 17/
These
earnings compare wit^ $15,136,816, or $5.87 pet - sharp- ■; of common
investments at
.1,
1€5>
shares
largest
earnings for 1946 were the
totaling $36,211,784, equivalent to
:StOCk
Total
;
and
Goldblatt
Tire
Goodyear
381,901
—
1946
J-Ol,
Largest Earnings in Its HistoryBalance,
+ After deprecation and amortization
,^noteS of $37,850,8.0 in. 1946 and $60,034,776 in 1945.
> ^ax re£erve cerchicates of $60,075 in 1946 and $1,246,550
^eiwe 101' redeml
par^$282,4o3; capital
($1
in 1945.
""
,
accrued >®arges,
$16,470;
local
capital
ail 694 do
After reserves for bad debts of $6,791,287 in 1946
o*
669.
p.
436,976
——
——,—r—
de^eirtd
$37,915;
surplus, $1,176,288;
V
$1,268,076
less
—
$81/0,8 ?4,
tax
entreecnarge0
rtperrprf
taxes—Federal.
income
w
Balance, Dec.
.<;•
,4U),
crued
r
income (exclu'she of profits and losses
investments)v. '
.
,
V'/
31, 1945——————————--:———;
net
sales
dm
LIABILITIES—Accounts
.
f
anu^uiJeuSa
ri|fndfeiar^ervM6^
*'-
$1,348,836
—--/i*.—q-~--——A.
—
factory
at
its
southern
Buitenzorg,
.
Java,
-
textile
and
V
the
operation was
supply of tin
discontinued
cans-.
,
A
at
the
supply of
beginning of the
tin
cans
is
war
lack
for
available,
now
and
of
pro-
funded
.
,
.v
:
^
,
li
flurtion
•
and
imDOrtation
of^^atural^ubbe?^lnto^ ttetustomcr?
1947,
Great Atlantic Jt Pacific
,
making the use of large quantities of synthetic .rubber • necesPURPOSE—The net- prooeeds to be received
sary.
The protection of our National synthetic rubber
industry in the
by the company are
future for national defense purposes and as a stabilizer
estimated at $720,000.-< The
*in "the - supply
management contemplates that the pro4
and demand requires the'adoption of a
ceeds, together with other corporate
permanent government polity
funds, will be used during 1947
at an early date.
Goodyear continues to operate three, government- :k■ as follows;.
downed synthetic rubber plants on a fee-basis at
(a), Acquisition; of Driscoll,Food Products Co.; ;$350,000; :<b) pur¬
Akronf Houstori:-and
Los Angeles.";chase of additional trucks and
• •-:/
77>equipment in connection with the same*.
The company has accepted for conversion^ " redemption- and cancel- Hr required by the company's proposed expansion
program; purchase of
lation 13,451 of its $5 preferred
machinery and equipment to care -for -the company's
shares/ reducing the authorized num¬
proposed pxpanber of .shares, to 653,341.
r>sion program at che new plant now
nearing completion at Louisville*
7'~:/';-7,7 --7:7-7
7:7 77:-',7!;-''v7?-.7-'
Ky., and for other of the company's
plants, together with necessary
CONSOLIDATED INCOME ACCOUNT FOR CALENDAR
<YEARS. ,7r'"7>'additions to - the working .capital
required-by ■ the • proposed expansion/
v777
(Including domestic and foreign subsidiary
.companies'j/s:.i.v:;:.^- 7.7 program, all of which will total approximately $370,000.^
: " 7'7:-:7 ,,,7';7::: /i:7;7 77/7
;.7-f
>
;
/ ;UNDERWRITERS—In the underwriting agreement the underwriters
f„ J^Vwcnaf8 tr/ougnout~ Southeast.
,
-
.
■
.
-
,
,
INCOME
-
ACCOUNT, YEARS ENDED DEC. 31
1946
$976,009
General
$787,799
$761,117
$723,852
84,026
70,422
53,332
t9,457
72,289
72,150
53,540
58,794
9,773
14,146
11,996
$797,503
$654,588
838,944
Income
1945
657,579
expenses
Interest
Taxes
84,707
<other than inc.)
,
-1944
1943
•
;1945
Net
-
$6
Net
Income
cum.
pfd.
-
stock
div.
612,455
138,527
sales
niK snn
v
$621,143 \ " $580,912
657,790
ico
7ifi
/r
^a«
liave agreed
-7
to
purchase
from
the
thetr
■'-d
/:77,:,7:'d/7';7:;^,:i;>::77-5^
-;777777
company
the
of
number
shares
respective-name$:f
——j;:.. v
Shares 77-y-7'-v,;7i:^^7;'77,-;7d4V:.7i/,; shares
2,284,477" 1,770,478
Total
;
"i
♦^61,869
€20,616,215 719,842,195 ;» Johnston, Lemon & Co.,_-.a. 25,000 7 J.
•Loss.
C. Bradford .& Co.__^„:
tThe corporation has elected to be taxed as a -regulated
7.50&
Cost of sales-——-——-7- 442,904,116 556,840,322
Allen..& Co.7——-—7: 25,000 7 Stein Bros.
investment company and as such should have no material
& Boyce___r„i^7,500/
Depreciation provided
liability for
*i-7- > 11,154,570 "39,106,390
: Auchincloss, Parker «fev7
^ 77."7 Brooke,. Tindail & CO; '">■ 77;
Federal income tax in respect of the above net
r
5,000
income,;;^
yy ;
Selling, administrative and general expense-^ 7 69,973,126 ; 57,968,342
Redpath -.^—i.-——„ 10,000
J. H. Hilsman & Co.-, Inc.!.
5,000>
Interest and service charges on funded and
BALANCE SHEET DEC. 31, 1946
7-.-7*- 7-,..,7/
R. S. Diokson Ac Co., Inc.'
10 000
Varnedoe, Chisholm Ac Co.,
other debt
w1,549,639 ^-2,440,522. *■ Clement; A. Evans & Co.,
ASSETS—Cash in banks, $337,110; investments in U. S.
':i
* 7
5,000/ 1
Government
Minority shareholders' equity in earnings of ;7 rv« 77 "7;
u,: ;7«*
/. Inc. >7;7:<;7-.Yf '-•*'[ :-ysecurities, at cost, $402,208; investments in other securities,
,
10 000
Weil Ac- Co:; IncotiiT'i--T
$18,843,^7 - * .5,00®
subsidiary companies 7
——i.-uy
802,725 7 7,,576,432
The Robinson-Humphrey Co. 10,000
€33; dividends and interest receivable, $67,082; receivable for securities
tProvision for United States income
taxes—7 31,645,000 5V38,610,0Q0
sold,
$115,326;
special deposits for dividends,
etc., $20,581;
Johnstonj Lemon & Co.- and Allen & Co. - have agreed to purchase
total,
Provision for foreign income and excess
profits '777:7v7777';;.i7( V77
4.19,785,740.
"I'
'
from the company 25.000 shares of
A:"
taxes
common
stock for the purpose- of
————11,375,255
6,663,371
LIABILITIES—Interest
accrued, dividends'" payable;: etc.,
investment.
The other underwriters shall not
$27,206;
Prov. for possible loss on foreign investments
participate: dh this pur¬
y 5,000,000 '
4lue for securities loaned against cash,
chase.
$136,100; due for securities
Provision for contingencies, incl.
77:)v ■7^'.-777', yy 777-■?;
-y/r..7.
•'
costs, inven- v7.
i-r:
purchased, $95,174; reserves for expenses, taxes, etc., $22,158;
3%
tory valuations and prices.—
r- The present
stockholders of; the company have
——7 10,000,000
2,500,000
granted" an oWfoh)
debentures, due Dec. 1, 1960, $2,650,000;
$6 cumulative1 convertible
to Johnston, Lemon & Co. and Allen &
Co. for the purchase of 16,00®
preferred stock (optional stock dividend series),, stated value $25
per
Balance of
1-'——
15 136 816"* shares b* toe stock presently held by. these stockholders:36,211,784
>share, $2,268,750; common stock ($1 par), $1,602,460; surplus, $12,- Y Dividends-on profit—
UnderfthB1
"7
$5 preferred stock—7 3,020,769
3 049,'645 - -terms of
this option, the stockholders will deliver such1 fetock to' a
983,892; total, $19,785,740.—V. 163, p; 938.
,
7 Dividends on
common stock
." 8,248,895
4 117t18 = A -bank :'J? trust
company to be agreed upon, and held by such fcahfc
; Earnings per common share$16.07
$5,87 1
or trust; company for a period not exceeding two yeairs< after.(the
Georgia & Florida RR.—Operating Revenues—
•Includes
iTn„i,,AOC
amortization
of
t effectivetdate
of the registration statement. Johnston, Lemond &iCo.
$29,964,469.
1 Includes
excess
profits
< antl Allen &
j;
' Week End. Feb. 14 V '—Jan. 1 to Feb. 14— 7 taxes in 1945.
Co7have the right to purchase all,,or
any part of §U<?h
Period—
ct
If
11
a'
(
l-> 1
:
:
!
1947
i
.7'7
•-• • --•
v..y*;;:.
4 iU'mI
1946
•*
1947
stock any time'within one year after. sUch
"1946
effective datp at a priceOperating revenues
/ $46,650
CONSOLIDATED BALANCE
)ATED
045,700
$303,200
*
SHEET, DEC. 21
y
* of'. $6 pet shared'and lany time during the r-econd year Rafter. Sjiicfci
—V. 165, p. 1070.
>7
•
estic
(Including domestic and foreign subsidiary companies) V 7 7
effective date of the registration statement.' Johnston, Lemon
ASSETS—
and Allen & Co. are
1946
paying as consideration for such option'
1945
thq .suhu
Cash
Georgia Southern & Florida
'of $1,500 to the stockholders.
The exercise of this
Ry.—Earnings$50,792,703 $44,925,568
option will have:
United States Treasury
January—
no effect upon the
1947
i
notes.'—
1946
1
1945
company or any new stockholders, ,'v
1944
12,143,704
,7V'i;'-.V'7;:U
Gross from railway
••Accounts and notes receivable—
$523,838
7.'. 70,539,005
$483,523
$590,995
35,965,702
Johnston, Lemon, & Co., and Allen & Co. have no
$551,070
Wet
present intentiom
from
Terminated war contracts claims receivable—
railway
.132,110
•>
134,779
255 762
174738
of selling or disposing of the 25,000 shares
14,267,254
215,880
of common stock which*
Wet ry. oper. income—
Invent, at cost or market whichever
50,920
is lower 101,684,827
57,665
70.195
83,115,125
they will purchase from the company or of the options, for the 15,000
59,080
—V. 165, p. 684.
'
7
"
Cash and reimbursable expenditures under U. '
■:
I
shares of the stock or of such stock should
the options be exercised,
8. Government contracts
(per.contra).,
15,526,485
except .that. Johnston, Lemon & Co. and Allen & Co.
Miscellaneous investments
may allocate
Gerity-Michigan Die Casting Co.1,624,637
some parts inereoi to
me
pans thereof 10
ineir
their partners or .employees.
1,088,224
-Earnings—
;
7 1
4,%
Post-war refund of .foreign excess profits taxes; -• • L952!957
Quarter Ended—
Of the 25,000 shares of
Dec. 31, '46
1,162.942
,common stobk which Johnston, Leinotl &
Sept. 30, *46
Kales
tLand, buildings, machinery and equipment--/
—Co -and4-Allen -.is'- Co.
90,692,177
1.
"will
70,049,072
$3,575,633
i/ur-chase from'1-the company,- Johnston,
$2,658,150
Wet profit after charges and taxes
Goodwill, patents andi trademarks
r
•«
1
IP-'M '1
1/
Lemon A Co. will purchase 19,000
mon&
-A
347,185
shares,
scares, and 'AIlen & Co(,;6.001 shares.
96.475
lAIlen Ac Co;, 6,000 '
Earned per common share
^Deferred charges to future operations—- - i
-945,699
; ». The Options to .purchase 15,000,
1,309,605
j
$0.45
$0.13
shared 0^ the common stock from
—V. 165, p. 538.
sto
.the atocknolders -wjll be divided 'equaUy between Johnstomt L
Lemon As
Total
Ui.;
Co
^
A318,406,144 279,553,682
Co.' and Allen ft Cb.rn i *'
and Allen & Cd.r'1! 1
'7- >'•
JF-'V, - " " 1
Wet prof, on sale of inv.
__
——-——
—
•
•
u
.
,
,
-
.
,
.
.
'
,
-
.
,
.
■
,.
,
i'_
An
finrr
wa
.,
.
'
«r
(•
w
»
v.
—
n*—
-I
>
-U
-
TP
_
-'1 J_
"
J
-
"i-r
-
'
»'
v
-
■
-
-
.
.
^
.
-
*
,.,
f
v
-
.
•
.
•
-
~r
.
-
'
-f.
a<i>
,
■
—
it
■
■
*
nit..
v'-I'
-uti
■
'A
iMf.
.
-•
1
tr.
.7-y-t
■
■■
I
/.V
-'
«y y.'/
' :
'
:
y ^-.v/
•: '
y
1
•';
y-
Y
■
■vi,.',;
165/Number/4573
Volume
COMPARATIVE
^:'V yy**?%
,V.
INCOME
y;<•
Of
Cost
PROFIT' AND
OF
30,'46
;
$2,586,596
1,757,488
goods sold—__
J
,?,• y.- y-
1,370,920
,
425,238 .813,176
y
iThe
r-
*
,
offering 'is- made
Of
718,486
share
Operating
y $296,112
profit
deductions/
other
884
./ $426,551
13,928
$428,044
yv 2,386
y
607,
,
(a)
*
j
IProv.
for. Fed.
i! $237,212
$285,877
y
y^428,jb44,;
$412,623
to
of
partnership
adjust
salaries
per
as
$113,000'y/
'■
.
.
•*,
'
y.
..; .>
forma
Pro
and
(at
";
■■
y}.
$246,803
5,380
•y
.
19,580
$422,663
93,800
-
.*$175,099.
■
$153,003
;
Paul W. Heasley has been, appointed. Vice-President,
with
the corporation
ihold.
'•/'■■■■;■/
Assistant
as
named
was
Treasurer,
1
V.;/ /y;yy ;,y.y/y
fie became
*
Gross
Het
\ ■;''
.m*
w
'
0
yy-■
of
Frazer
-
Farm
'i /
* /
<
,
t
\
j
i \
t.,'«,
railway
railway
from
$3,443,000
632,120
$2,477,000
261,982
«140,184
income.;..
oper.
•
r \v
,
^Deficit.—V,-165,
684^
p,
Grayson-Robinson
*■
The
election
of
Phil
-
1945
Feb.
—V.
26.
165,
S.
Harris
President
as
.1944
-
,
692,167
430,837
•
•♦*•'
-
S.
Ore
was
"
announced
'
new
which
not
are
bought
are
by
the
and
the
debentures
of
will
warrants
be sold
$1)
not
The underwriters
}
class
'
/
,
be
stock
B
issued
their
acquisition
of
Nov.
from
1,
1946,
the
surviving
consolidated
the
assets
the
merged
were
of.
in
in
for
22,495
the
value
;
determined
As
100
by
of
the
cost
customers
Other
shares
A
•
.Prior
nominal,
were
Its
entire
$1)
to
—V.
There
.
In
Massachusetts
bright Orange and dark
$42.75
share
a
by
the
on
class
the
}-
4,885,426
r
714,346
17,075
708,18®
19,90®
$1,178,413
$391,78®
1
4,817,60®
40,660
38,604$
$430,385
income________
$1,219,073
5,528
466,000
$747,545
$254,56®
—
!.
for
Federal
taxes
on
539.
p.
21,39®
154^42®
./
the
tne
share
on
Nov.
:
1,
1966;
:
■
ACCOUNT
'
:
FOR
YEARS
ENDED
(b)
each
DEC.
sales, less returns and allowances,
1 counts, freight and excise taxes
Less
renegotiation fund
;
Net
•■
Cost
sales
of
Selling
—
$4,623,012
482,35 1
paid
16,723
$554,93®
/
—_—
normal
inc.
profits
shard
$538,203$
(^24,440
—
—
excess
124,25®
25,04®
$889,930
—
for Fed.
214,179^
167,393
' 34,459
___.—
Total
Interest
$3,072,03®
i$865,490
Balance
Other income
Federal
1945
42,67a
goody sold—
expenses
'/-/
/-•'
//•'
$4,623,012 '$3,029,36®
3,073,319
2,127,69a
—
and general expense—
Prov. for contrib. to profit -sharing trust fund-
Prov.
nam®
dis-
Administrative
the
the
31
'•
1946
shares of the
common
.;
140,000 shares presently outstanding, and to change
to Hein-Werner Corp.—V. 165, p. 1070.
the.
stock, of
of Stock
25 Voted
Gross
the
of
Feb.
on
company
INCOME
treasury.
shares
A
share of - preferred:
due
Dec. 29, '43»
$16,196,504 $15,158,15*
9,401,243
9,220,691
Motor Parts Corp.—Split-Up
Change in Name Approved—
:
of
of
changed into five
debentures
Ended
Nov. 1, *46
•
.w
deductions
165,
of
the
iah^$100 prhicipal amount' Of the/company's 4%
convertible
52 Weeks*.
to increase the authorized capital
stock from
200,000 shares, par $3, to 400,000 shares, par $3, doauthorize the issuance of one additional share to the holders of
eacr*
.->a;
corporate®was
! (par/$l)
>/
44 Weeks
1
—
The stockholders
outstanding
corporation.
each
t
profit
and
no
of which 19,878 shares were
held in the
treasury:
75,000
par)„ authorized,
consolidation^ a)
the
company
series A
"
authorized,
122 -shares
(no
-
expenses
income"
company
15,764 shares. held in
preferred dividends of $68.25 a
in
were. arrears
Massachusetts
4
,
of
shar®
purchas®
shares wilt
such
Hein-Werner
;•
the
had
it
owned
was
outstanding .exclusive. of.
preferred, stock, $nd
further added:
j. The $7,000,000 fleet of five- trains,' each having 12 cars: and diesel
power,; clipped fifi/a hours off previous, schedules on this 2,211-mile
par)
stock,
on
'
Net
share®
common
INCOME
*
operations
income
Provision
which 35,166 shares
were .outstanding,
exclusive of 55 shares held in the treasury;, and
270,000 shares of-class B stock authorized, of which 134,236 shares
were
lines, inaugurated daily1 45-hour passenger service between Chicago
Zand Seattle-Portland on Feb.
23, according to an announcement, which*
(no
exclusive
class
of
for
Ended
1
•-
and general expenses.
doubtful accounts
from
Total
acquired all of the
assets andy goodwill of the Massachusetts corporation as a
going busi¬
ness
and
assumed
all of
its liabilities without any interruption
in
stock
sold—
delivery
for
Profit
on
and
(net)
goods
•
'
corporation.
(par
the
of
and
Provision
.
consolidation,
1
Administrative
Hathaway Bakeries, Inc.
consolidated/ with the
arbitration.
shares
common
and
company
common
shares
/'/■;'•"!/!" W■■■'>//?.--• ;•///''//• ■//!•;; ■■.'?'
to
Income
corporation.
result
a
of
common
new
certificates
June 5,
"v,/.:;
;
except-the
consisting
exchange for
STATEMENT OF CONSOLIDATED
Total
treasury of company
dissenters.
47,286
at $8 per share.
obligated to pay for the shares to be purchased
1947.
- //:
; !
•
v '
are
or before
on
Sales
.
Outstanding
company
b®
bw
company.
■,>/■■.£
Selling
of
for
th®
to
underwritten
shares
the underwriters
to
*
by them
time
FINANCING
shares
Of the 75,000 common shares authorized for subscription
purchase. warrants or for sale to the
underwriters, share
employees
subscribed,
after
of
;
.
not
shs.
underwriters,
outstanding 189,145
were
-
and
the
number
shares- will
common
and
"■$2,756,177
1,000,0G0 shs. t334,487 shs.
company
convertible
The nation's- first deluxe postwar-built transcontinental stream¬
liners, the Empire Builders of the Great Northern Ry. and Burlington
,.
500 shs.
31, 1947, there
preferred, class' A
sub¬
operations of the .business.
The present business and property
the company were acquired by the company in the consolidation,
Immediately before the consolidation on Nov. 1, 1946, the Massa¬
chusetts corporation had, 30,000 shares of preferred $7 cumulative
Minnesota
i/
shares
',
500 shs.
„
2
be deposited with Old Colony Trust Co. for
delivery to such holders upon surrender of their certificates for their
28,
of
-
'i The
the
.
Feb.
on
At 3 p. m. on Jan.
$2,756,200
the
outstanding,
,
of
■
m.
>
Service Inaugurated—
*uh.
73,000
thai
500 shs.
1,549 preferred shares, 3,535 class A shares and 19,232 class B
share®
the Massachusetts corporation entitling the holders on
surrender
(hereof to become the holders of record of 21,225 common share®'
(in addition to 4% series" A convertible debentures as to the
preferred
and class" A stock) of which
company has since acqnpired 70 preferred
shares. Share purchase warrants for the remainder
amounting to 5,2I<*
the
•
!
of
Massachusetts
taxable.—V. 161, -p. 567.
Great Northern Ry.—New
•
p.
Authorized
debs. due Nov. 1, 1966
conv.
completion
or\ at
Holders of. trustees'' certificates of beneficial interest > have ' beea
by the company * that they believe that the $1 distribution
Dec. 27, 1946 to holders of record Dec. 13,
1946,/for Federal
of
than
th®
of
obligation to pay for the stock of the Massa¬
chusetts corporation held by those who had Voted against the consoli¬
dation and demanded payment for their shares at an
agreed value
Shade
State
at 3
warrants
and
tidvised
Sncome tax returns is 95.52%
share purchase
'
shares ,,(par
/liabilities
Properties—Taxability of
for
less
of
underwritten
outstanding
changed
shares
common
v-
expire
has
Drake___^
Stanwood
family bun
stock
-
on
which share purchase warrants
shares .will be issued and there were also
into
company
been
his
2
shares,
thereunder
(Mass.)
*
and
such
•'
tlncluding 4,993% shares which will be held
...
'income- tax* returnsN is* V6.9% ' taxable
by
/;,/i CONSOLIDATION—As
Klein' On'The
-
Iron
for
$73,598; Which will be held in treasury
completion of their acquisition from dissenters.
i;
.on
•v
;
Great Northern
Dividend—>
covered
;
stock,
•
the
has
of
common
Seaboard Allied Milling Corp.*73,500
*If
>
Massachusetts-corporation with the com¬
for the preferred, class A and class B
certificates
.company
as
consolidation
of
of
stock
"Including
'
<
03,001,000
'788,425
director of the parent company;
a
shares
' /
938.
•••vv.-i-''
], /
for
share
5.',
i,
Common
•-
•
class B
before the rights- expire.* .>,••'
rights, to subscribe are to
4%. series A
Stores, Inc.—Pres. of Unit Elected
He is also Treasurer and
p.
:
446,601
/.
the
•
share
common
and
'; CAPITALIZATION/ GIVING. EFFECT TO PRESENT
•
.
.■Square, Inc., New York City department apparel store,
•on
each
.
$3,051,000
94,926
of
A
Any
•
.
t
from
INet ry.
*
asso¬
1946, and
position he will continue to
Grand Trunk Western RR.—Earnings—
January—•
y
:;
'
1947
r.:
1946
for each
class
of; the 45,020 shares offered to the officers
under- the stock " purchase incentive plan which are
will be withdrawn by the
company from registration
•for subscription has
expired. -*1-. •
; :/,v./'
Graham-Paige, Mr. Heasley was Assistant
Triumph Industries, Inc., of Elkton, Md.—V. 165, p. 1070.
v,..
for
,
•
prior to his affiliation with
"Treasurer of
share
••
members
convertible debentures.
underwriters
WilLnot be rpaid on the shares now offered.
Treasurer in April,
a
Mr! Heasley is also Vice-President and Treasurer
.Equipment Corp., a wholly-owned subsidiary.
v,
right to subscribe
Gld Colony Trust
Co.; Boston, JttaS been appointed agent to receive
subscriptions,.
v;;;
;; /;,//;
The directors on Feb. 6, 1947 declared a dividend of 25 cents per
share payable to the holders of record on Feb.
20, 1947. Such dividend
$107,943
-
:|y Graham-Pafee v Motors Corp.—New Vice-Presidentlive months later
a
a
share
no
308;400 y -285,100
$116,263
George E.
:
common
of
series A
*
William E.
$8.30
at
for
outstanding
the
James S. Borck
and 22,495 of the 75,000 common shares for which
purchase warrants will be issued, are offered to and will
be purchased by the,/underwriters.
The company is- informed by the
underwriters that none of them has any present intention of
publicly
offering any .of. the .share to- be purchased. • /
> t; ,r / ■/./'.
t
$393,043
165/i>./9i8.^
.
sliare
preferred,
exchanged for
:
The
;
ciated
the
vi.-,
plan.
company
record
of its
of
following numbers of shares,*-
per
in
the
of
the basis
share
All/oL the
i-
y.
-'■■•v t'
■,
4Fro forma net profit*
•j
are
scribed
•'
common
their
company
,' '
■
'
effect rate),
max.
holders
the
on
common
the; consolidation
•stock
income
Fed.
profits: taxes
exc.
new
incentive
shares,
and
the 4%
of
series A convertible debentures*
trusts
the
..
new.
1947.
*$175,099
#
a
purchase
common
of
pany/provided the certificates
—Cr9,591
"
•i,
a
■in
?
■/•
.■'i
officers-
corp.
$412,623
;
:
\y
which is
compensation
year,,
their
$428,043
.;
rY
partners'
to
stock
provisions
and
which
$237,212 !
lPro forma adjustments:
To.
its
the
of
UNDERWRITERS—Each
„
-
•capital
y
under
with
the
of its 4%
trustee of
as
2.13 %
company and 2.89%
^
v
record
of
beneficially
This
shares and 19,232 clasa B shares of
Hathaway Bakeries, Inc. (Mass.)
(less- 70 preferred shares therafter
acquired by the company), on the
basis.of the,same right to subscribe at $8.30 a share for
one-fourth
..
Actual net prof, trans¬
ferred
of "the
accordance
remaining 75,000
of
$1).
difference between 75,000 shares and'the
./v.vV'Zov^
V//-'
bought will be deducted from the
/ ib)* offerii: 5,219 shares; to the holders 61 ^Jrecortf
73,500
-3:":pt.'•'/jn.V'i/
Seaboard Allied Milling Corp.
Jan. 31, 1947 of certificates for
1,549 preferred shares, 3,535 class A
-held;
inc.* and
110,777
-
in
offers
!one-fourth
W'
•
and
the
(par
offered, 45,020 are offered to
company for subscription at $8.50
47,286 shares to
shares .at 3 p. m. on Jan. 3f,
$412,623
:
■
-/
•
(Other .income
From
.
■
$236,605
$28J,491 /
/,"
$443,803
/•
employees
under
'"X
Ur-
He holds
,
not
shares
common
common- shares1
allotments? made
//: 15,759
$237,490-
V ;
//y;, 12,'621/;; yy
and
120,020
follows:
as
tner 120,020
officers
'
"Total
is- offering
company
^company anc* 4.80%
t-r
Hathaway Bakeries, Inc, (Del.)—Offering of Stock—
t J
1944
»
; y,
$4,101,204 / $3,739,791
2,842,224
2,594,753
$2,033,649
:
532,996;
.Sell, adm. & gen. exps. / /
1945
May 31/46
,•
.
1191
sv-
LOSS
6 Mos. End. 5 Mos. End.—-Calendar Years—
disc'ts,
etc.
,
STATEMENT
NOV.
less
■Gross- sales,
•
COMMERCIAL & FINANCIAL CHRONICLE
tax
11,432,
and surtax
„1,545
321,000
53,00®
tax—
336,00®
Wisconsin State income, tax—.
green trains, complete with sleepers,
53,000
33,00®
of class'A stock of the Massachusetts corporation was changed
into ;
variety of luxurious accomodations for the traveler,
2
common
shares of the company and $21.85 principal amount,of
Net profit
the- Pullman-Standard Car Manufacturing Company, v /
$504,498
$131,38®
the company's 4%. series A convertible debentures, and (c) each share
v
Each train includes a baggage-mail car, one 60-seat coach, three
Dividends paid
300,000
100,00®
of. class.. & stock of the Massachusetts corporation was changed into
•48-seat coaches, a: coffee shop-lounge car, a diner, four sleeping cars
Earnings per share
:
*$3.60
t$1.3k
.one/thlrd of a common share of the company," - ■
■
■•*■
and an observation-lounge? Accomodations are available for 307
pasV *Based on 140,000 shares outstanding at Dec.
31, 1946,
?
/-•
Except for the issue-: of 4%
series A convertible debentures and
•sengers.. A two-unit 4,000-horsepower diesel provides the motive power,
fOn 100,000 shares.
/ common shares with a par value of $1 each into which the preferred,
■j, The Empire Builders, besides being the nation's first postwar de- '
class
A
and class B
shares of
the Massachusetts corporation
were
BALANCE SHEET AS OF DEC. 31, 1946
signed transcontinental trains to carry coaches, also have the first
'
•
//changed on the basis stated above and the assumption of the liabilities
sleeping cars built and delivered td any railway, since the . war ended,
ASSETS—Cash in bank and on hand, $177,843; U. S. Government
of the Massachusetts corporation.
The 100 common shares of the
—V, 165, p/ 810.
securities, • at cost, $313,700; accounts receivable
(after reserve foecompany originally issued to' the Massachusetts corporation were issued
doubtful accounts of
$6,000), $362,394^ inventories—raw materials,
for $1,000- and
in the'.consolidation they were repurchased at the
work in process, finished goods and service parts—at cost or
?
Greyhound Corp.—Purchases Coach Firm Control—
issue price*and cancelled
market,
, .
~
<
.
whichever the lower, $816;672;~ cash surrender value of life insurance,
The exchange of certificates for the preferred, class A and class B
Control,■ of Washington Motor. Coach Co., tvhich operated in' four
,f$23,569;
other investments, $2,200;
property,
plant
and
stock of the Massachusetts corporation for the 4%
equipment
Pacific
Northwest
series A con¬
states,- has been
acquired by Greyhound Corp.
(after .reserve for depreciation of $394,768), $458,645; prepaid
vertible debentures and common shares of the company is in progress
expenses,
following the cash purchase of 96% of the outstanding stock. Transfer
$5,547; total- $2,160,570.and-has not been completed, "
•of control was approved by the Interstate Commerce Commission on,
-•
'.
■
' '
:
/-yyy-'-y'// '•/,- '• 7 /*;
>,The* holders- of»520 'shares, of preferred
LIABILITIES—Accounts payable, $148,334; provision for contribution,
.-"aprtfc• iii>-v-^.
stock,
1,080 shares of
'■
f
class A. stockvandv 700, shares of class B stock of the Massachusetts
to profit sharing trust fund, $34,431; accrued
Negotiations for the purchase were started last August when Grey- .
bonus, taxes and sundry*
Siound Corp. agreed to buroutstanding common stock at. $30 per
corporation voted against the consolidation and demanded payment
expenses, $43,340;
provision" for taxes on income, $435,275;' capital
stock (par $3 per share), $420,000; paid-in
for their shares within the time specified by the consolidation statute
share. More than $1,500,000 was involved in this purchase. Prior to
surplus, $502,192; earned
that transaction,
surplus,- $576,978; total, $2,160,570.
*
'
Greyhound had held approximately/20%/;•©£. the / of Massachusetts.-,; Such r!dissenting holders would otherwise have re¬
v
ceived $75,598
■stock of Washington Motor Coach Co.,^ the corporate name of-which
of. 4% <<series A convertible debentures-and 4,933 Va
NOTES—During the year the company sold 40,000 shares of common
Will
copimon .sharps, /As, bf„,Feb: 10,
be
1947'certificates for 435 shares. of
changed to Northwest Greyhound Lines; .Inc. Clifford E.
Stock, par value $3 per share, for $15 per share under terms of an
Graves or Greyhound Corp., operations in the East became President
preferred stpcit, 980 shares of class A stock and 500. shares of class B
offering set forth in a prospectus issued on March 21, 1946. The exces®
stock
of
the
Massachusetts
<bn March 1,- - corporation had been purchased from
':f-~ '■ ■'*'
■.-//*rof the proceeds from the sale over the par value of the stock, $480,00®
the, dissenting. holders and exchanged by the company as a result of
Washington Motor Coach Co., operated 128 buses in. intercity serv¬
less commissions and
expenses, $34,386, has been credited to "paid-in
icela Washtogton, Oregoii, JdaluF and Montana/—165, p. 1070, \" • / which the company had in- its treasury subject to-sale by vote of the
surplus/'
-//•/"■' /■ y\Z--//-y-//■ ■.■;-■*
directors, $64,913 of 4% series A convertible debentures and 4,301' of
The company's war contracts to Dec. 31, 1945 have been renegotiated
its common'shares plus a scrip certificate for two-thirds of a share.
by a Price Adjustment Board and resulting refunds to the government
Gulf Mobile & Ohio RR.—Earnings—
The certificates for 85 shares of preferred stock, 100 shares of class A
have- been paid;
...yyy'/;;y."v
y; •• ■'/
1944
Istock and 200 shares of class B stock held by the remaining dissenting
January—r
1947
-1946
1945
The provision for depreciation amounted to $31,447 for 1946 and
•Gross from railway-.—
$2,926,246
-holders who have demanded payment for such stock must be purchased
$3,205,256 ; $2,845,351: $2,972,622
$25,435 for I945.r-V. 165, p. 1070. ;yyy
3*et. from railway—
y,-■/.
901,088
812,242
699,007
917,208.
by the company in accordance with the Massachusetts consolidation:
$Jetf ry. opec..income—
statute at a; price; agreed upon or fixed by arbitration.
y
276,887
256,601
312,951 // 347,806
;,;4'//'/.■
Hercules Powder Co., Inc.—Annual Report—
:
■
—V.-165, p. 684. - r. - PURPOSE-—The net proceeds from the sale of the common shares
^
/a
L
*
g
CONSOLIDATED INCOME ACCOUNT FOR CALENDAR YEARS
will be used to pay a portion of the cost of that part'of the expansion
tt.) Harmoii Corp^Three New
(Including Subsidiaries in, Canada tmd England)
'
\
./
program of the'company that consists of ther construction of modern
■•'y/;.y y*,y,/■/': : 1946
Walter E Dennis, Harper Woodward and Alf red Le<* Loomis, Jr.,- have v bakeries.on?land-in Boston recently acquired for the purpose by the
,.v
1945 y/" 1944 f
*•»«!'
'»*•
■•
" p- v1
,l "• '
^
'■
^
-|
y ./
l".
' 1 *• • '•*
fbeen elected directors, according to> an announcement by William H. / ^predecessor of the company, and in Worcester, Mass.; Cohoes, N, Y.,Net sales and operating revenues— 100,727,567 100,555,904 105,677,954
/ and Providence, R. I., and for additions, improvements and equipment
Harman, President.
"' 1-"
'■>*"
§Profits from operations.
14,829,773
and /for general, corporate purposes.
16,301,451
16,910,13®
/Mr. Dennis is a Vice-President of The Chase National Bank, with
It is estimated that the cost of
Other income
—;
126,718
theSfe new bakeries will-be in-excess of $2,500,000. It is contemplated
which he has been associated for 20 years. Mr. Woodward is associated
268,533
■ 288,764k
;
—that the other .funds needed for the construction of the new bakeries
wifh the Rockefeller interests- as counsel and adviser on aviation
;
Total income
14,956,491
16,569,984
17,198,90®
matters to Mr. Laurance S. Rockefeller. Mr. Loomis is associated with v, will be provided from the cash or government bonds which the company
poaches,
•Were
and
built
a
by
—
,
•
.
-
:
.
.
'
.
.
.
,
•
*
..
*
.
*
iWilliam
Direcfors-^
•
-
4
"
■
v
——
■Smith, Barney & Co.—V. 165, p 539.,
:
,
,
ikarifis-iseybold
'
There hkve
.
been
'
(
'
now
'
for
redemption on April
ir next,, $80,000 of.
Co. (named changed to Harris Seybold Co.. on
1946) 3%% sinking fund debentures due Oct.,1, 1960, at
interest. Payment will be made at the Cleveland Trust CO.»;
trustee, Euclid Ave. and East Ninth St., Cleveland, Ohio.—V. 103,
2006.
"/v.; ///;
:/
1
1 :
•'
.• ■
*
••
.
; V
3&aiich 28,
and
t
Co.
"/I;-
above.—V. 163, p. 2006.
Feb.
21
issued
an
order permitting the company to
gage bonds/due Feb. 1,
convertible
proceeds
Which were
expended for such improvements.—V.
165,
p.
685.
•
...
may
the
result
of
Provision
operations
its
it may
such addi¬
Misc.
be used for genefal
balance of $608,457,
new plants and the
improvement to its
•
.
but
■
before
debentures
the
conversion
Seaboard
Allied
of
any
Milling
jot the 4%
the
Corp.
will
income
inc.
Net
•
own
profits
&
excess
Preferred
dividends
5,811,018
tax..—
profits tax—
;
Surplus
4,022,273
——15,523,921
-
surplus
of
Additional
-
chise
:
Total
Shares
taxes
——-
—
—
and
....
common
-
stock
per'common
156,60®
'
—...
——
(no par).
share-./—
_—
192,406
2,195,953
2,195,451
*7,081,516 **9,514,59®
86,409
115,99®
'
4,925,800
503,056
4,823,855
3,291,775
3,291,775
1,130,969
1,007,154
18,199,04®
19,206,192
Or625,932
CrS12,692
fran- ;L.,:•//■'
for prior years
surplus
of
Earnings
524,92®
——.
—
,
...—.
■
.•
■.—
19,546,194 '15,523,921
19,206,192
2,633,420
jl,316,710; : 1,316,71®
$3.03 *
$3.36
-I):$3.2®
$1,839,209 as result of accelerated amortization of emer¬
facilities applicable to 1945.
JOf emergency facilities applicable
*Reduced
gency
—
of State income
Adjust,
.
goodwill
reduction
200,00®
Dr5,000,000
amortization
fTax
.
8,409,843
437,440
3,950,130
-
tWrite-off
bene¬
106,236
;
dividends
Previous
104,937
.
earnings
Common
common
......
tax—
excess
Foreign
200,000
217,467
29,394
1,757,902
capital stock tax
Federal'
.
600,000
>/
...
Federal
series A
shares of the company outstanding
the principal, amount of its outstanding 4"% series A
convertible debentures, such debentures being convertible on the basis
of one share for each $15 principal amount of debentures.
Otto Bresky
individually and as trustee, and his wife, children, sisters, brother-,
in-law. and. sister-in-law own beneficially in the aggregate 75.74% -of
the' voting
shares of Seaboard Allied Milling Corp.
Otto Bresky
individually owns beneficially 4.65% of the outstanding common: stock
of
contingencies—-—
amortization
Federal
:
..
from
deductions
fAdditional
be
months,
12
ficially 31.86%
and 37.16% of
1972,-;
/ The net
of the" Sale of the bonds are to'be used to provide
funds for the
eniafgemeht of Hartford's'gas'manufacturing plant, for
fiew business extensions,, and1 for the repayment of bante borrowings
as
the construction takes place or
banks or
consolidation
.
issue and sell for cash at par to six banks and insurance
•companies an aggregate of $2,000,000 2%% first mort¬
'
which
/ CONTROL OF COMPANY—Seabord Allied Milling Corp; (Del.) is a
parent of the company. After giving effect to the exchanges in the
Hartford Gas Co.—Sale of Bonds Privately—The SEC
•on
or
at the time
and when received will
corporate purposes. It is estimated that; from the
$350,000 will be used in the construction of the
remainder, to wit, $258,457 for, additions and
equipment and existing facilities.
Harris-Seybold-Potter Co.—Partial RedemptionSee Harris-Seybold
from
expiration of
.
,
hand
on
hand
obtained in whole-or in part by one or more
other institutions or may be provided in part
from, any two or more of such sources.
/
•
;;;/•/
/ :
Of the "minimum estimated proceeds to the company of $991,127,
$382,670 to be received under the-stock purchase incentive plan may
hot be received at all or if received, may not be received until the
loans
Harris-Seybold-Potter
1Q4
on
tional "funds
Co.—Callai Fart of Debentures^—
called
has
have
■
,
V
•->
to
ft..
from
-The stockholders
$1,057,177 in 1944, and $1,839,209 in
v
1945.
BALANCE
CONSOLIDATED
,
**After postwar creait
$4,237,712 in 1944.
1946, $4,517,017 in 1945 and
J..
—V.
1945
1946-
ASSETS—.
property—-X—*X~
and
.
SHEET, DEC. 31
'
tPlants
•
T,
and
hand
on
U.
x
charges
*' Total
XX'-XXXX-XX"
__
taxes——X
S.
17,913,417
8,991,660
7,038,212
267,251
-
....
net
Preferred
stock
'/'."-..v'r
par).
($100
•♦Common, stock
."
.I-—.:
Accounts payable and
—1
.
returnable containers
dividends payable
Preferred
Federal
taxes
tCash and
(estimated)
„
Treasury stock
Total
U. S. Govt, cost-plus-fixed fee contracts,
in
and
1946
1946
and
types
165,
jii,
-■
.
■
been
be
and
'
t
was
Stock
a dividend of $3 per share has been declared
class "A" stock for payment on March 7, 1947, to holders
at-the close of business on Feb. 27, 1947, the old Class "A"
quoted
was
j-1947.
dividend
'!
■;
.
"ex"
-v.':.;.
It has also been announced
-
(share
!
has
been
declared
Curb
Exchange
Feb.
on
■:.'
.
that
the
on
the
on
transactions
in
useful
.fto dealings on
the dividend of $1 pet share or the four shares of
Of the corporation. See also V. 165, p. 1070. ' A
new
shares-—-—
'
Earned per
i<i
-
class "B" 'stock
A
* X "
..
1945
$71,128
98,442
98,442
$2.12
Capital expenditures for the
$1.07
ended
year
Nov.
30,
;$2,361,016 and constituted part of a program
which commitments have been made and which
In
January
and
,
sale
of
1946
Hooker-Detrex
chlorinated
the
The
98,442
$0.71
V!
.
'•Wash.,
our
and
will
Tacoma
obtain
well
Net
for
the
V-t
i
net
and
sales—
Gross profit
Selling,
'•
Balance
Other
,
on
services
sales..—i
is
(incl. deprec.)
novi
30
would
date
Total
.
■'
$6,116,474
3,989,085
327,321
'
r—
Provision
Excess
for
Federal
profits
income
tax-._
tax
and
—r
,
surtax—
-
:
in
.....
•
Net
'
••
.
income
I
$3,989,085
V 268,498
$4,257,583
455,600
2,678,100
Crl4,403
.
for--year_——>,
$1,894,018
over
net
book
value
$1,078,286
1,910,266
2,065,616
'
subsidiary
'
on
common
for
Provision
:
cumulative
possible
preferred
stock
renegotiation
212,500
■»A, 670,170
''
536,136
r'
also
Earned
surplus
Earnings
per
at
end
common
of
year—
share
;^*After deducting Federal
-
"*
'» '
»
174,300
it
^
,$2,873,240; $2,065,616
$4.42
——j.—
,.
be essential
,
:
BALANCE SHEET AT NOV. 30,'1946
.
in
banks
$2.58
InS-
'v;- rp
-
ASSETS—Cash
:
.
applicable
v.1
.
v'i'-'l?
■
and
on hand,
$1,722,646; employees' tT S
Savings Bond fund, $27,318; U. S. Treasury
Savings notes, series C, at
face value plus accrued
interest (less $1,165,017 applied against accrued
Federal income
taxes), $682,743;- accounts receivable, $1,587,694; in¬
ventories
(at average cost,-lower than
market), $1,794,004; invest-
>•;
•
ments
'
cost
i
-.—-at
in
less
cost
(after
*nd
:
$13,768,754.
.
.
affiliated
reserve
,
-
(at cost), $150,000; other, securities
(at
$135,026; real estate, plant and equipment
company
$46,000),
reserve
patents,
for
$1;
depreciation
prepaid
of
$8,909,814), $7,61^,485•
insurance, etc., $51,837; total',
,
LIABILITIES—Accounts payable, $892,375;
employees' payroll dejtductions for taxes and U. S. Savings
Bonds, $98,859; dividend on
preferred stock, payable Dec. 27,
1946, $53,125; miscellaneous accruals
including wages, $1„0,702; accrued taxes
(other
Ineome and
.
»
'
"
($1,165,017 >
offset
by
U.
S.
than
Federal
^cess
income
profits
Treasury Savings notes; accrued
SS
possible
tainers, $55,5291 $4.25 $262'5^9;.customers' deposits on returnable con¬
cumulative preferred
stock, without Dar value
(outstanding £0,000 shares),
$5,000,000;
(
common
capital surplus arising from
$13^768,^54?—W?°163, p^ i56'f
the
'
not
7tock
1946—12 Mos.—1945
$2,051,321
' 1,446,970
$8,496,165
6,223,595
$7,937,770
5,617,225
$634,218
1,617
$604,351
$2,272,570
21,591
$2,340,545
$635,835
$605,290
$2,294,161
662,053
$2,341,328
$1,632,108
400,000
$1,624,261
$1,232,108
$1,316,225
revenues—
(net)
deductions
940
159,872
——
income
Balance
188,665
-
$475,963
$375,963
■■?>/•
8io.
p.
r
$316,62®
.X;
of
stock
165,
/100,000
>
$0.84
;
share
per
common
$416,626
100,000 y
y:,
surplus
Earnings
—v.
783
717,060
/$0.14
'
308,03®
$2.74
$0.1#
•
-
;
The
•
"
have
declared
dividend
a
capital stock, payable March
Distributions of $1.50 per share
1946.
This
reduction
31
to
of
50
holders
cents
of
in
made
were
share
per
record
each
March
quarter
oa
20.
during
in
the rate, it was
stated, was the result of
declining earnings..-'!■ \"'■!'.'X;''■ ..!:'X.'<•
The company now has
pending before the Illinois Commerce' 'Coihmission a petition
seeking a general increase in its rates.—V
165.
-
1071.
p.
,
.
.
Illinois .Central
RR.—Earnings of System—
'
Month of January—
X\:
Railway operating revenues——^;
Railway operating expenses—
1
-
directors
the
enlargement
Y'P)
Illinois Bell Telephone Co.-—Dividend Decreased—
..
only
>
PLANNED
'
p',rp X;1947 V
■
■
i946
$19,487,847 $16 321,220
14,779,533
13,018,292
Net
revenue from
railway operations—
Railway tax accruals——L—
Equipment and joint facility rents (net Dr)
$4,708,314
2,3£ll,123
352,532
$3,302 928
1.80L601
$1,964,659
Crl38,450
$1,342,269
Crl32,116
5,736
916,356
966,024
$1,18.1,017
——
—
■'■Ir/'V
(pa?
exchange
of
$10
6%
earned surplus, $2,873,240;
Other income
1945
105,821
•'$373,807
.171,853
$178,725
^
X.
operations
—
—
•
;/ Net income
•47,260
$217,787
26,108
sales—
on
Sundry
income
and
,!
$502,617
159,058
taxes
130
income
on
i
special charges
Special Charges:
—
;
.
.;
'
.
"
-
.
claim—
Net
income
the
year
$106,126
—
year
from
able
prior
in
years
No
year.
for
ended Nov,
of
of
against
amount
time
2?
pre-
total,
Net
the
of
the
company
$101,997
:)v
not
loss
a
1944, to Sept. 1,
in
(net)
not
NOV.
•./■,!■,
Provision
Federal
business—
tLoan
Note
tax
•
withheld™
;"
Paid-in surplus
Deficit
,!
./-.•At
in
Nov.
banks
for
"
sale
30,
,
-
3,238
■■■>' 3,300
23,350
!
I"3l576
\
=
r " 2,184
439,380
30,000
Drl71,865
owing
by
the
company.
Final
determination of the amount owing has not been
made.c In the opinion
of officers
of
the
company,
adequate provision for1 the company's
liability, if any, has been made in the above statements.
At
Nov.
30, 1945, the sum of $27,000 was also attached under court
order by
the holders of the $25,000 note of the
company.
In December 1945
these funds were released and the note was
paid.
tThe rights previously granted three officers and
one
employee to
purchase 5,000 shares, each, of the capital stock of the
company, at
a price of $2 a
share, have been extended to Oct. 2, 1947.
" v'
.
"
"
tin 1946, $83,341 inventories and in
1945,
$86,027 receivables were
pledged as collateral.
§ After reserve for doubtful accounts of
$87,427
inventories
(1 After
reserve
for
depreciation
-
of
$17,468
322,471
360,065
1946
1946
and
,
deductions
$877,384"
—
_I
_!
and
and
surplus
—
$684,714
142,265
I.II—IIIIIIIIIIIIIIII
—
$826,979
-.-I-I-IIIIIIZIIIIIIIIIIII:
stock-
common
!
-
..';
in
i
:,
i 150,000
com¬
22,338
and
$654,641/
balance
'■ 1
/:-;
SHEETS,^ DEC. 31
' •'!-■
_•
—_.
'(--A
._J
'
I__
I.
(net)
;
1946!
1945"
'
8,504'
2.
I.
supplies......
debits
'
$15,308,516 $13,797,999
;
V
'
388,104
—
443,41®
••
313,964
h
260,208
202 38T
407,704
—-A-
Prepaid insurance, taxes, ■etc.———■
Deferred
!
—
A:.
.—4
4l!280,1,544
43,194
113,009
nr
Total
1;
I"
LIABILITIES—
Common stock
Earned
First
V
-
,
I.IIIZ
Accrued
Federal
takes—State,
income
Accrued
Miscellaneous
Deferred
local,
$6,000,000
•*
"6,000,000
.AV-
■*••.
T
__I;
276,292
367,843
.
90,718
IIII
liabilities
...
200,863
122,024
£9,105
3,301""
1
construction—I
!
...—
'-"i
60,337
'
'
•
.
.
..."
945
72,174
2,024,6641
•2
Total
'
273,958
' 146,543
84,251
reserve
Contributions in aid of
!
?
_
<
156,261
credits
Depreciation
6,006,000
'
V- '•
e;nn arn
500, ()C0,
364,687:
XXX'X'X
current
$5,709,478
142,265
654,641
etc
taxes—
interest
—
1970—11
bondsr 314%,
:}h>x
1
-XX-
surplus
mortgage
$16,582,995 $14,746,832
.T7
S '•
Unsecured notes payable to banks
Accounts payable
■■
■,■.
Customers' deposits
1,926,697
56,782
i
$16,582,995 $14,746,832
ANOTE—On Jan. 28, 1947 the
bonds, 3%, due Jan. 1,
proceeds
will
bet
used
company sold $990,000 first mortgage
1972, at>100.88. -'Company
represent^ thai
to
its
pay
unsecured
partially finance its construction program.-
»
notes
($500,000)
-
-
; ,n
and to>
■
,
'
Transfer Agent Appointed—
$2,536
$3,114
192,670
A A'- A
receivable
Materials
*-
in
other
A $875,012
';-o 2,373
—IIIIIII_I
[XX'
——
—
Accounts
•
,
269,804
245,548
taxes
Utility plant I
Special deposits, etc..
-
\
1945.—V. 164, p. 1329.
on
assets—
'
$5,300'In
in 1945.
>!
IIHZIIIIIZZIIZZ
,
v-
$721,795 - $541,791
1946 and 1945, $15,000 of the
company's funds held
attached under court order in connection
with a suit
be
l!270;736
1,394,234
—-II
xlxi'x: ' y comparative
13,862
4,329
439,380
30,000
to
$4 '
uXtX"
——
Earned surplus at close of
period
•
3,243
X^XXXX
asserted
1946
31,
r_
'
par)—
Commissions
DEC.
...II III—I
stock expense incurred incident to
issuance of
stock in 1946
mon
:• l
75,000
jDr65,739
was
ENDED
surplus
Dividend
Capital
$541,791
52,514
-.
—
Total
■
6,569
2,000
salaries, wages, and. commissions
and State income taxes
!l—
Payroll taxes accrued
XX-X-ilXiX-XX
Sundry accrued expenses—
($1
and
Total
2,678
3,165
,
56,003
—;
Accrued
stock
119,595
i
$58,339 A $116,597
25,000
6~0~157
53,170
balances-
liabilities
$915,36®
404,249
138,729
i
Inc.—Earnings—
YEAR
...
'Gross income
Cash
creditors
Income
FOR
for" depreciation
•
Federal
(•Common
983
t
$721,795
—.
deposits, and credit
415,755
—
Income
Interest
.u
—
——-
current
■
——-
—
payable—trade
"
13,756
;
l
:'"
Customers'
Other
,!:
-——
-J————
payable
payable
1945
/"! 13,756
! ' ! 4,299
premiums—unexpired portionSundry deferred charges—.
!—
1944a
1945
$990,175
——•
Net operating income..——
Other income
(net).
$78,161
42,000
93,592
230,086
78,353
92,890
Insurance
—
■.(■
15,000
126,719
392,210
—
.liabilities—
:
$754,275
211,557
99,430
Net income —
$75,937
————
1946
purchased
Maintenance
1945, during
1946
in banks
the
:
p/X ;%v:.
ACCOUNT
Previous earned
(depreciated cost)
in
n
'
30
——
used
/
,,
1947
Other operation
income
^V-"'"'-J'".*//.'j"
bank—segregated
§Receivables
Inventories
Land
and
income.—
revenues
:■
$965,459;
301,961 v
141,466
685.'
p.
and Exchange Com¬
refunding, mortgage 4s
$18,213,000 outstanding
production.
...
hand
on
•Cash
'
oper.
165»
Securities
RR.—Earnings—
railway-,—
Operation—Gas
operations before special charges for the year ended Nov.
30, 1945, as
shown in the above statement, reflect the
operations since the acquisi¬
tion of crtain assets and business of Electric Motor
Corp. on Sept.
1,
Cash
ry.
the
165, p. 811^
Terminal
INCOME
carry¬
taxable
<!
State, local and miscellaneous Federal taxes
engaged in
iV/,'.»■
1946.—V.
railway.—
Operating.
NOTES—The company was not
engaged in productive operations dur¬
ing the period from Dec. 1, 1944, to.Aug. 31, 1945.
The results of
1945^!;;/^
from
with
Indiana Gas & Water Co.,
$0.23
remaining loss carry-over is allow¬
income for the' fiscal year ended Nov,
was
of
from
hon¬ operat-
the
tApplicable to the period from Dec. 1,
which
—V.
$0.24
the Company had
the
Net
...
-
.
1945,
excess
portion
application
30,1946.
30,
end
filed
company had $16,168,000 of
Jan. 31, 1947, compared with
January—
.
13,485
—
for
the
24,854
■0^xX*X;X
^♦Exclusive of general' and administrative expenses during
ing period shown aS: special charge. '
V
that
$140,137
•
'
The
on
Illinois
Gross
Earnings per share on 439,380 shs. outstanding
the
•
v
tGeneral and adimlnistrative expenses——
Charge applicable to prior years—adjustment
of
at
report
a
said.
outstanding
"'■I
$106,126
,
$2,044,655,
mission
75,000
;
'
.
5,744
r
;
y / The company has acquired an additional
$2,045,000 of its refunding
mortgage 4% bonds due 1955. The bonds were
purchased at a cost
2,187
2,755
10,423
charges-
State
——....
/" Debt Reduced—.
$145,079
'
-
deductions
X.*
-V
charges XxxiXXX^x^XPXxxxX -? !
Fixed
$201,954
$131,465
Xl 15>833 ■•■I
13,614
-
'
credits
XX;
Miscellaneous
$284,546
—
Net railway operating
;
1,069,785
i
sales
on
.
•
would
for
J
Federal
income and excess profits taxes
thereto.
land
1946
Employees'
v
.
1946—3 Mos.—1945
Divs. applic. to pfd. stk.
Combination
$1,443,592
from
Accounts
15,000
•>
Net
now
ventilating unit
.'-.-V-'1
---V-■
V
a
'*•Sr
Discount
$2,988,552
212,500
stock-
additional
Howard
This
income
Total
$3,770,910
on
Income
is
—
at
$2,226,058
1,591,840
Gross income
this
books.
financing charges
'
Total '•■'*.
Dividends
pividends
,
oper.
Other income
debentures.
sold—
profit
Goodwill
"11, M6
thereof.!——
Net
.
,
—
HFixed assets
■;
Earned surplus at beginning of
year_>_.__^___
Excess of amount realized on sale of
fully-owned
1,155,017
^500^537
$1,293,269
Co.—Earnings
revenues
Oper. revenue deductions
amount
an
ASSETS—
$2,819,018
1,011,150
;;; 113,850
-—---
■S 3:
>
of. the
of
BALANCE SHEET,
"
$654 440
an
FINANCING
convertible
goods
Gross
for
292,490
$2,491,697
XX
v
t
in
company
company
,
the
on
Interest and
over
1945
$4,863,790
2,372,093
—
„
__—
the
considering
into
the
at
carried
plant but
-V
income
tFor
$14,884,913 $19,075,396
10,021,123 ■„ 12,958,922
'.X.
—_
adm. exp.
XXi.--X.
income
from
i'! >_
333,235
—
and
general
materials
$14,551,678 $18,782,906
.tost of sales, (including depreciation)——
-
the
start
to
Selling and general and administrative expenses!
manufacture
1946
■
——
Miscellaneous parts
of
■
of
Gross
i:
under way.
the
ended
.
*$203,954
1,089,315
;
-
tOn bonds outstanding in the hands of the
public
1071. ■WCiP "■■■'
p.
Idaho Power
of
motors
165,
/Period End. Dec. 31—
product may < be used as a fan during the
unit with built-in fan during the winter.
made for national distribution of the
entered
NEW
Income before
''C.' /'•' r" 1
years
;
Chemical products
'"Total
V':'' !•
i
bonds—.
income
—
Operating
..'.-L-•
:..i'v
manufacture
While,
financing
Sales
Costs
is
other
some
1,606,593
adjust*'
on
bonds——————
adjustment
•Net loss.
—v.
INCOME ACCOUNT FOR YEARS ENDED NOV. 30
;
1946 amounted to
$5,000,000 for
for
corporation
chlorine "dnd
'
account
.■'.Net sales; ,J
i
its
* ''
plant.'",/.
income
■
it
Federal
;
Jointly owned
by this company and by the Detrex Corp. of Detroit; its first
plant,
for the production of trichlorethylene. ls nearing
fconipletiori dt Tdcoma,
,
•
intention
end-products,
market.
it.
the
form
v
over
is
organized
was
solvents.
of
income
on
Deficit
considering the advisability of additional
not
to exceed $300,000,
possibly
This would provide funds for
expansion and needed working capital.
: :v'
in
1944
$105,293
share—
ment
of
1946
v
Net income available for interest
tlnterest
'
^
1.583,103
—
105*432
V;
~$226To^3
"$1,379,149
in-i-v
!
adj.
on
bonds)
come
v
and
' '
$208,517
-
*
Hooker Electrochemical Co.—Annual
Report—
i)
This
heating
a
recently
on
permanent
Other
* After charges and Federal taxes.—V. 163, p. 1566.
v,,
t
V
\.i—-
common
interest
The management has been
J
.
profit
of
"$2 1556o7
109(982
-
:
—
of
371
7450,77(>
$1,269,167
—
——
(excl.
1945
•i
$9 306
•-
Co., Inc.- -Earnings—
6 Months Ended Dec. 31—
'
•Net
volume
ready
a
to
Income
cNo.
-t'.f
consumers'
V'.V
25,
stock, Upon admission
March 3, 1947, will not parry the right to receive either
■X Holophane
State
$106,126.
"A"
class
new
of
horsepower electric
development of the adjoining airfield.
new
the
fractional
management's
of
as
which
at
;
paid simultaneously with the issuance of certificates for the new class
"A" stock
in exchange
for certificates for the old class "A" stock,
and that the
the
company
quarterly cash dividend of $1 per
class "A" stock, which will be
a
for
•••
,
In view of the fact that
On, the old
SOf record
;
suspended from dealings on the Exchange at
on March 3,
1947, at which time the new
admitted to dealings in substitution therefor,".
was
business
of
stock
"A"
class
■
corporation
has
taken
that
.
-
opening
V
report, no announce¬
ment has been made of the acceptance of
any bid, the eventual pur¬
chase of the property by. private interests should make it
possible for
the company to sell its
adjoining land at a price well in excess of
of "the
the
with
and
income
charges
*
\7,460,603
—
_—i
••■
:
1946
$8,129,770
Nov.
The company's former Defense Plant
Corp. facility near St. Charles,
111., has now been declared surplus by the armed forces and bids have
$10, plus four shares of "new" class "B" stock, par value 10c
of the corporation. :
X./•;
v:, I."-'.,,
■
•
Subject to the effectiveness of this plan, the old class "A" stock
.
taxes
,
value
'
.Gross
Income
agreement with DGA, Inc.,
Grand Rapids, Mich., under which
DGA, Inc. is designated as author¬
ized
service representative for Howard aircraft.
The company will
make 'available to
this
concern
its
numerous
inquiries for Howard
service, as well as its plans and specifications, and will receive a
percentage of its sales,
"'i
,
'
.
v"-;.,
■ - '
.
*•
The New York CUrb. Exchange announced on Feb. 24 that pursuant
to the above company's plan of recapitalization, effective Feb. 28, 1947,
each share of present class "A'* stock, par value
$10, of the corpora¬
tion will be exchangeable for one share of new class "A" stock, par
>
on
manufacture
The
i
;
income
currently
'M
•
•
March 3, 1947
RR.—Earnings
———
were
'•
summer
JX^!-^
V ./
t
State
ended
year
V Arrangements have
already been
item.
The company is also
Spanier, President of Bennett,. Spanier & Co.> Inc.,
dealers,
Chicago, 111., has
been; elected
a
director.—;
A ■>,.
:>
•
%*>'•
-V
.Operating income
Non-operating income
' <•'
1'
•
/
by
up for the
Heater-Cooler Fan
$39,066,380
(R.) Hoe & Co., Inc.—New Stock Listed—
"
* *'•
"
Division's
tooling
tAfter depreciation
$847,717
,?.v
,
the Electiic Motor Corp. Division continues
backlog amounts to almost $2,000,000 and,
the rate of production, would take 12 to 15 months to
The
line
the
A.
539.
p.
v.'- •*
P. "v
l',':
rr
v
't -
taxes were
deliver.:
Higgins, Inc., New Orleans, La.—Spanier a Director—
William
and
produced
depending
which
investment
Federal
unabated.
...
*
the fiscal
present the demand
the
in 1945.
♦ After reserve of
in 1945.
118,706 shares preferred and
77,916 shares common.
»*Represented by 2,711,336 shares in 1946 and
1,355,668 shares in 1945 of no par value.—V, 165, p. 685.
•
in
At
-
$70,513,357 $71,958,650
-
$41,460,883
$877,639
after
In
11
"
tUnder
9,342,7,27
4,327,709
7,552,138
4,112,456
15,523,921
8,685,051
4,112,456
19,546,194
tlDr1,577,475 Drl,577,475
|___
—
'
109,360
462,390
—_—*
surplus
_
$9,619,400
16,945,850
4,718,152
1,284,412
6,072,949
:
reimbursable items (contra)
Capital surplus
'
1,375,702
109,360
—
Reserves
Earned
$9,619,400
16,945,850
5,161,480
.
——
accrued accounts
for
Deposits
of
*
operating revenue—XX-XX—X—±•»_
.Operating expenses and taxes————_
equivalent to 17 cents per share, while net
equivalent to 24 cents per share. > ,v
gradually from the beginning to the end
of the year.
In spite of many difficulties, the Toothmaster Division
made some progress.
During the year the company also paid a high
rate of interest to the finance company which was advancing funds
needed in the company's expanding operation.
This connection was
terminated Just before the end of the fiscal year and arrangements
made with two Chicago banks to provide the company with its current
financial requirements at a rate less than half that previously paid
by the company.
$70,513,357 $71,958,650
—1—_——: J———
motors during
earnings after such taxes
Monthly sales increased
»
•
t liabilities—
of
Federal income
2,661,870
160,908
:
;•
Years Ended Dec. 31—
-
Gross
«
30,. 1946 reached
the high mark of $1,443,592.
Profits before Federal and State- income
taxes were $181,126, and provision for such taxes, $75,000, leaving a
<
493,926
M.-
—
'
the annual meeting, March 11,
164, p. 2692.
Sales
4,327.709
462,390
1,020,300
16,362,796
,
——
securities—.i—•— ----—-—
U.
Postwar' refund
(contra \
items
*
Hudson & Manhattan
Capital—
•
be asked at
Industries, Inc., Chicago—Annual Report—
Plans New Financing in Form of Convertible Deben¬
tures—Ray T, Haas, President, on Feb. 4 stated in part: .
6,214,858
101,160
301,790
^
Government
Deferred
15,004,761
9,918,156
'
"■
—
—
'
'
reimbursable
and
S.
deposit—
on
receivable
♦Accounts
Other assets
Cash
v-'
Howard
7,483,141
Cash
;■,
f
V1
.
iy,
"
$26,788,331 .$16,959,3.2-'.
—
of Texasr—'To Reduce
will
to
consider amending the company's charter to eliminate, all reference
to the authorized 6%
cumulative preferred stock. ;The preferred was
called March 1,. 1946, and replaced
by 2.85% debentures, due 1966.
prior years.
Of
•V
Houston Oil Co.
tOf emergency facilities applicable^ to 1945. ^11 Result¬
accelerated amortization ofemergencyfacilities applicable
f
§After depreciation and amortization of $4 468,344 in.
to prior years.
ing
i: v> :>
'v
THE COMMERCIAL & FINANCIAL CHRONICLE
1192
to
'
■
1
The
Chase
pointed
p.
328.
National Bank-of
transfer
•
1,
•
*
agent
of
*
the
"...
.
the
City
common
;
.!
of
stock,
s
New
$10
York
>
has
been
value.—V.
par
•
f.j«-
.
:•
'
ap¬
165*
Volume
165
Number 4573
Industria Electrica de. Mexico,
v
Westinghouse, S. A., for the
•LIABILITIES—
"
*
'
v
/
> •
Capital stock—J. P. S. Co., Ltd.: 1
"
7% preference shares ($100 par)-_._^_._.
>'
7% preference shares "B" (£1 par)
S. A.—Earnings—
rfThe company reports that its wholly owned
Distnbuidora
subsidiary,
Compania
a
net .income of
$11,654, after taxes, against
*43,034 for the third quarter of 1946.—V. 165, p. 211.
net income-of
5%
preference shares "C"
(£1
preference shares "D"> (£1
5%
J. P.
J.
31, 1946 the orders on hand of the company
end subsidiaries aggregated approximately $99,000,000, after eliminating'
from this backlog estimated commitments which customers may pos¬
quickly.,
y
COMPANY
>/>>
■
.
CLAIMS—The end
termination
claims
of
:'p '■> "V-V /%"■
.v'
hostilities
of
resulted
in
: .■
Interest
contract
war
Other
$11,000,000.
All but approx¬
imately $631,000 has been realized by the company, and settlement
of the remainder is being pressed for early payment.
://>;'/V'.,-.'•'.
approximately
FINANCE—The
management
fund
presently negotiating
bank loans.
is
its outstanding
for
the
"The
-
Injuries
will
CONSOLIDATED
Net
be
INCOME STATEMENT,
sales
Cost
of
products sold
Selling
YEAR
ENDED
OCT.
;.—
Gross
Other
profit
1946
expenses
*
income
—
-
Total
income
...
_
ZZ
$1,554,596
187,250
.
/.zz
/
Federal income taxes of certain subsidiaries—estimated
profit before Income tax
creditsJ.^.^_.li.^.ta..il2.U..iw..
«$535
taxes arising from carry-back of opei>V".'">•••/>
Refundable Federal
•>•
ating losses and unused
companies—estimated
-
excess
profits credits of
>
;
Profit allocable
to
4
430,000
■\Net profit
~
%, CONSOLIDATED
ASSETS—
Cash'.
U.
V
,
z„Z
—.
OCXl
'
31'
,i':
ZZZ"' $1,284,902 / $5,716,676
—_!—
Treasury
savings
accounts
Claims
under
and
nctqs...
paid Nov.
receivables.
13,
1946-/
for
for the
Shoe
Co., Inc.—Sales Up
,
$2,217,395
f^
/
Gross
Net
-K5;.
1946
■■
"
Feb.
on
150,000- shares
is selling
24,
($1
will
Stock
filed
par)
be
and
other
assets
Z_Z>
...
%
' /'•
687, '
%•
>
$483,-912
-
155,077
90,688
;
.
1947
1946-railway../
$6,158,253 "* $5,618,797
railway.—.../ 1,232,109
1,387,468
from
ry.
income—/>;•;'
oper.
*
v" '''y.-
687.'
'
$7,425,83$)
$6,453,214
640,449
,
676,038 j?
v 679,55$; /
-
*276,810
643,288
623,099
1944' *
1945
-
J'-"- -pP:*');)■
■/
'
Lincoln Petroleum Co.—5-Cent Dividend—
declared
directors on Feb: 21
"The
"
dividend of five cents pef share
a
capital stock, payable April 1 to holders of record March 8.
year, a similar distribution was made on May 1, while in-1945
payment of four cents was made on Aug. 1.—V. 163, p. 2009,'% /
the
on
Last
a
following purposes: retirement of 295 shares of 6%
a
571,221
■
4,964,078
'
'
.w
NOTE"—'For mechanical
>
:.V"
possible
(
,
order.
reasons
it
is not always
alphabetical
: to arrange
companies in exact
However, they are always as near
possible, .v./-.
as
alphabetical
it
,
*
additional
-
a
Kansas
Railway
Railway
'
one
-i——
_J.
banks
to
loans
of
from
customers
844,437'
accounts
Salaries,
payabler—...1....-.
bond
Taxes
5,885,192 ; • $5,540,794
705,467
600,389
than
income
on
taxes
Dividend
(est.)....
294,012
7,882,667
1,334,725 /
customers
10-year
4*/'/ %
convertible
Reserve
for
subord.
service
/
....
'v
296,616
.
1,45~9~354
:/._■//£/_/_
658~000
/
^
4
$721,900
interest
Common
stock
Aircraft
Rohr
:
65^472
•
48',615
$536,900
142,051
1,200,010
6,689,942
4,050,636
/////./
4,162,915
?;
now
are
$423,522
$27,368,969 $27,422,769
r-Vn 165, p. 939.
v:;
•
in exenange for temporary
Mutual
Louisville
&
/
Co.—To
Insurance
will
St.,
be
received
Chicago
1977.—V.
165,
until
for
March
the
sale
1071.
p.
at
17
2200
Room
1st.
$22,000,000
of
\
.
of
105
W.
the
that
concern
said all the
is being dissolved/ He
com¬
Mr. Warren
19.
gave
no
reason
Kold-Hold Manufacturing Co.- -Earnings—
West
"
holders.
Aug.
common
'
.
$0.52
$0.09
$130,787
22,093 rpnP
:>>>
'
1
"
.
Cash
\t
1
'
.
,
J
$2,237
$279,047
'231,444;
—-—102,694
—>/—
\~y.t
Jamaica Public Service Ltd. (& Subs.)—Earnings—
Operating
>
s—
Maintenance
Taxesj".
.//,
etirem't
$169,582
.••:."'
revenues..
Operation
112,643
v
//'...."
-
■:.%/•
254,818;
1,553
203,966
/
3,055
.
10,416
//
146,249
125,000:
>
$13,875
:';',///'i 4,842
('ft#//'-"'. 1
• l
»-Gross income..
$31,490
' 7,260
8,625
?Net income///... »/'/>> $11,457
Preference dividend requirements:
>;
$22,864
Ltd.—Preference shares.—-/////
'
:
'i
i Balance
'+T>—
Common dividend paid—J. P. S. Ltd.....
.
:
physical
on
Zi/Z.
^;
31
1946
•••;
.
....
-3T-TT
tangible
■
.
'r
5 :-n.—
$42,775
150,270
of
$36,016
On
Feb.
10
was
depreciation.-rrV.
162,
p.
45,758
—
7,481
254,751
164,
to
Diyidend^-
15 cents, per share,
24. A similar dis¬
12%^-ot
94%; Of^the
*
be
Delaware com-
given
'
since Dec. 10, 1945
year 1945. was 20
/
/"V
'i
.
-1
Roi Co.—Debentures
Higher
Peacetime Year—Earnings Lower in 1946—
Le Tourneau, Inc., Peoria, 111.—Sales
Louisville Gas & Electric Co.
Electric
pared with 1,376,121,000 kwh.
of 10.5%.—v. 165, p. 1071.
McCormick
•
working
the
past
v5r-.4>..
1947,
kwh. for the
Output for the
for-the week endedFeb. 22,
&
for the previous 52
The
letter' of
company on Feb. 19 filed a
shares
(no par) common.
4 000
•h^rp!'
iThe
shares
will
X"' -SJeS; wuf 2e
capital
be
; ./
Md—Files with
alPP^p.^Pl'i
.«o^ic^" dwit^
Stock tb be offered at)
offered to employees
.a^salary, de^uqtiQn
»«d" to purchase
and other
kwh. as com¬
weeks, an increase
/
Co., Inc., Baltimore,
SEC—''..
year has produced high-speed, rubbertired Tournadozers and additional Tournapull and carryall scraper lines
in
output of this company
(Ky.)—Weekly Output—
totaled 33,548,000 kwh., as compared with 24.017,000
corresponding week last year, an increase of 39.7%.
52
weeks ended Feb.
22/1947, totaled 1,520,028.000
for
experimentation
iir*
shares" or
124,306
held and that B holders
Keeping abreast of all marketing conditions in the postwar era, this
corporation, manufacturers of heavy earthmoving and construction
equipment, has announced a new 1947 line now in production.
Con¬
tinuing
its pioneer leadership
in the eertjimoving field, extensive
373,759
$7,596,497
owns
v
declared a dividend of
stockholders of record March
first
was paid. Total disbursed in the
p. 2548. "
>'■>,
7
Than in Any
8,899
<■
Co.
common
and 282,588 shares, or
Class B stock. ■> / / ;
v1'
The SEC staff suggests that Class A holders of the
company
company
-
;2273. Lt
made on Dec. 9, last year, the
cents
(R. G.)
182,275
...
Public
-
18, the directors
April
$127,526
$475,197
1~727
5,150
Electric
&
Gas
and Exchange Commission's
.
■■■%•.'.//
•• '
comprises 600,374 shares
ll/12th shares of Kentucky common lor each share
be given % of a share for each share held^f
/'
This
compares
with the share-for-share offered both classes.,,-©r
stockholders In the plan nQW/ on file, plus 50,.cents, cash per ^shaje
and means 23.8% better treatment for the A stock than for the B.
The
cash distribution
of $852,000 proposed to be made by
the
Delaware > companyunder the
orginlnal plan would be invested m
i additional comiiton stock of the Kentucky company to help .the .Iktter
/ finance part of its extensive plant expansion.
%% ; K
h'S
'
5 *
In a brief filed with the Commission, the staff made two r?commendations—that the Commission reject the plan If it is not amfepd£d
along the lines suggested and that an immediate order be issued under
Section 11B-2 of the Utility Act 4<>/force dissolution of the Delaware
//company.—V. 164, p. .1210,VrV, % /■ >:
\A
V
•
12,073. ■S%9'231
^
capitalization
/r.
$6,571,523
:
251,466
Materials, and supplies__3^h^a._—_^j._'—vj;/ 450,424
Prepayments -I
—s—/+//—<;!. ^ 4,735
Deferred debits
150,787
"? jQ6 -4 .'v
C,,
—
—
Standard
Kentucky
/ pany
$239,060
/./—___.
assets./-————
account...
is urged by the Securities
company's
'. Delaware
$42,775
Offered—The Wisconsin Co.
and the Milwaukee Co. on Feb. 19 offered (to residents
of Wisconsin only) $1,500,000 serial (3%-3y2%) deben¬
tures, at par. Proceeds will be used for additional work¬
ing capital, etc.—V. 164, p. 3145.
"
./
^
'
289,081
4
190,000
Lakey! Foundry & Machinfe Cu.f--15-Cent
Le
50
1(Appliances, parental, les? rentals charged../r
I Total
1945
1,727
...
•
*'
125,680
tangible, assets—
cents.—V.
,
$6,902,252
150,270
;
Accounts receivable
/ A
agreement-
purchase
property
when
$84,377
;
accounts..
Oash
•
.
estate
payable
construction contracts—39,841
Miscellaneous Investments
Sinking fund
company
"
$117,596
—
—
property.
'<
91,800
-Tp-
'
Utility plant L—-
;
$176,177
'CONSOLIDATED BALANCE SHEET, DEC.
'"
42,775
tribution
91,800
glance L'jJl/jl/./-//—.//.//—^L/.////
//'>'.1 ;
$75,520
tNet
77,246
80,416
—
dissolution of: the
.
25,994
$209,396
.■
'f
?
for
303,380
and
Net
21,99T/,i* > 21,991
Preference shares
C'Preference shares, "C" and
iri)
"D".
—
H
'
>
Plan
/. $224,064
working capital—
Miscellaneous
$301,410
25,067
plan
of Class 'A
and 300,949 shares of Class B common stock. The chief asset is 883,161
shares (85%) of common stock of Louisville Gas & Electric Co. (Ky.).
Net
103,330
-
$336,871
>j
Advances
99,263
the
Utility staff.
Real
$404,741
$436,134
V-...
of
364,587
Net
•';>/ 8,044 ■•••/%..,■ 173
4,457
$18,717
//
%
•'•Hf
r
terms
$440,107
'
'■*
'
I-
Incppe dedpetions
S:. Co;,
.
in
370,099
$429,060
$404,567
/
$428,090
(Dei.)—SEC Su
Electric Co.
&
revision
$594,163
110,000
$27,033
-
Louisville Gas
Considerable Revision in Dissolution
206,426
Considerable
equipment
Construction in pro$cess.
"
/ /
income, (pet)_
:
liabilities
t Plant
■
Utility oper. income
•
The
131,080
9,166
————,—212,422
—
P
^/^.vi:////'
Current assets
Current
'
22,942
31.094
accruals.
res.
j..
>1946—12 Mos.—1945
$1,609,755
$147,074
$1,850,753
84,876
896,595 /:.. 760,139
1946—Month—1945T
31—
.
/; >>:>;•,/*,
Sept. 30, '46 Aug. 31, '45
—-
-
Period End. Dec
Other
103,433
WORKING,CAPITAL AND NET TANGIBLE ASSETS
Inventories/
Other
.
♦Adjusted to present capitalization of 249,505
shares (par $1).
'.NET
Receivables
,
1945
31,
>>
:
,
' *Per Share
Net Income
':
$327,679
Sept. 30, 1946-/-.
Mos.
f'f tBefore Federal taxes,
The company on Feb.
26, filed a registration statement
SEC for 102,000 shares ($1 par) common.
Underwriter, Sills,
with the
Minton &
Co., Inc., Chicago. The shares, which constitute approximately 48.5%
of
company's outstanding common stock, are being sold to stock¬
$Net Income
.
Year
Chicago—Registers with
V'
V.
'
-
1071.
'
> :
for the dissolution.
for cash, suph
of. $5 a share
required to provide Louisiana with funds in connection yrtth
;the redemption of its outstanding preferred stock. The plan 'for retirlrig
.' the
outstanding preferred stock is to become automatically effective
if 75%
or more of such stock is offered for exchange,
but Louisiana
reserves
the right to make the plan effective, with the consent of
Electric, if less than 75% is offered for exchange. Louisiana proposes
also to make certain amendments to its certificate of incorporation in
connection with carrying out the proposed transactions.
~
\
In effectuating the plan of exchange, Louisiana proposes to select a
dealer manager to manage the exchange.
Every Louisiana dealer who
is a member of the National Association of Security Dealers will be
invited to become a member of the dealer group to effectuate exchange.
,f
Louisiana applies for exemption from the competitive bidding provi> slons of Rule U-50, and Louisiana and Electric request that the Commissions's order be entered as promptly as may be feasible.—V. 165,
may be
P-
108-year old company, on Feb. 25
-L.,;Warren, President of j this
pany's fire insurance policies are being cancelled and reinsured in the
Indiana Lumberman's Mutual Insurance Co., of Indianapolis, Ind., until
11
Jahn & Oilier Engraving Co.,
SEC
^
y:' '
Pfd. Exch.—
company,
as
bonds
mtge.
.
;
standing common stock, and Electric proposes to acquire,
additional shares of common stock at its stated value
'
Iowa-Illinois Gas & Electric Co.—Bids March
Bids
Dr$19L,551
.^NU
in an application, proposes the following transactions
hearing before the SEC March 10:
k
' .?
Louisiana proposes to. offer to the holders of its 59,422 shares of
outstanding $6 preferred stock the right to exchange such stock share
for share for a new issue of cumulative preferred stock (par $100), the
dividend rate to be supplied by amendment.
All shares of the out¬
standing preferred stock not so exchanged will be called at $110 a share
plus div. to the date of redemption. Louisiana also proposes to sell tp
Electric Power & Light Cojp., the holder of all of Louisiana's out-
4%
delivery
lor
Dissolve—
March
Adams
$272,587
$0.29
Louisiana Power & Light Co.—Proposes
The
,/,i Ppp:";p
/
30-year
mortgage
available
Kentucky
announced
Total
shares..
common
The
4,741
$536,860
bonds, series A, due Oct. 1,
bonds
of this issue at the New York Trust Co., as trustee,, 100 Broadway,
New York, N. Y.—V.
165, p. 539.
first
Definitive
1,150,813
7,210,253
47^394
)—
-
—,
199,085
164,482
108,637
7,230
income——————/
Definitive Bonds Ready—^
•;
58,303
,,
T/.-/
.r—
surplds
16,282
Corp......
-.i
(par $1).
Capital, surplus
Earned
in
'V 269,625 )■
share on 728,100
per
;
National Bank of Chicago
125,000
155,000
54,928
'corporation.'has arranged a loan of $1,000,000 from the First
under a $5,000,000 credit completed with the
•bank in December, it was announced on Feb/24.
The loan, beating
/an interest rate ranging between lJ/a% and 2%, matures on Dec. 1,
11949. The proceeds will be added to working capital.—V; 165, p. 339.
60,000
$686,147 /
1945
$4,338,014
Income taxes
and Canadian
for U. S.
profit
Earned
■
blinority
——
which will be subject to a
1975
debentures-
warranties....
Net
/
/
-
payable
Long-term loans from
'
150,000"
>:
151,978
331,843
income
on
/
/_
accruals—/___/_
railway /operating
Net
153,020
taxes
States
and
taxes——Jl
Railway operating income.—/^—.//——/////
Equipment rents (net Dr)~.
Joint facility rents (net I)r)
employees for taxes and
purchases
other
; > $991,147;
railway operations——/
from
income
•
and commissions./
wages,
Amounts withheld from
Federal
revenue
Federal
:
year
Trade
1946 %%
$2,250,931 ■
1,529,031
operating revenues^
—/
—
$2,750,757
operating expenses^—1,759,610
1946
$7,080,539
706,694
/./——
profit
Depreciation
Provision
$4,000,000
maturing within
sales
Net
;
City Southern Ry.-~Eafnings-~
Other railway tax
payable
Port,
•
/>• ;-V,
Quarter Ended Dec. 31—
$1,000,000 Loan Arranged—
$27,368,969 $27,422,769
LIABILITIES
Notes
Liquid Carboilic Corp.—Earnings—
;
•
>
;> Net
581,737
Net
Total
its
to
*Month of January—1947
5
;
408,202
shares
common
the company to sell 172,000
parent Continental Gas & Electric
plan of
approved the
has
Corp. for $3,500,000. " •:j/.'
!"/ - v.
K!;• fr:\
Proceeds will be used for construction purposes.—V, 165, p, 939.
2,677,935
5
charges"
SEC
The
5,220,065
:
%
39,636
from
Net
C. Kansas City Power & Light Co.—Plan to Sell Common
^Approved—
•
:
1 ,'
1,765,845
573,232
.......
jferred
-
v
77,265
income...
p.
Net
..
at
.AhgeleSjandbalanceforworking'capital.'
,
435,000
Property, plant, and equipment, at cost.:
Goodwill, patents and trade marks
L
165,
Gross
and 50,000 shares are being sold by
100,000 shares
59,633
86,763
railway:
railway./...-
oper.
Lehigh Valley RR.—Earnings—-
5
registration statement with the
Underwriter^ Lester & Co., /
$6.25 a share. Of the total,
a
$531,416
151,742
1945
$404,772
1 >.\ January—
common.
offered
;y
1944%
1946
$442,243
114,032
^
250,000
>/
......
income
——....l/.—1...13,364,711
Investments
due
ry.
—V.
$1,253,732 y,r
from
from
Net
76.86%—
■■'y-?.
3—1947
Will
165, p. 686.
2,100 shareholders.—V.
1947
January—
preferred at
share and accrued dividends; retirement of 9,615 shares of
4% second preferred at $10 a share and accrued dividends; payment
of a
$300,000 bank note held by Union Bank Si Trust Co. of Los
$100
500,000:
•
Account receivable paid Dec. 23," 1946.
Refunds of Federal and States taxes on
■
being printed and
is currently
"annual report"
Lehigh & New England RR.—Earnings—
letter of notification With the SEC
a
sales
net
Angeles.
2,720,547
7,856,054
4,957,923
630,915 1
contracts../..
war
312,683
...i..
miscellaneous
terminated
receivable
Inventories
.
•'
company's
position
1946
-
new
for
optimism.
■
1945
been
have
,
S.
Trade
Note
~
BALANCE SHEET,
able
'j stockholders.vCompany will use its estimated net proceeds of $518,242%
899,845
/z/;
/V
Z/.-Z/ZZ>%;%> $0.84
aggregate provisions for depreciation of property, plant, \
and equipment for the year "amounted to
$343,359/excluding tools and
/■ dies, .amortized on a production basis.
./ >%/%./--
v
Feb. 21 filed
on
company
.
company
NOTE—The
g
$7,596,497
Joyce, Inc., Pasadena, Calif.—Registers with SEC—
SEC
».
Net profit per share
i;
reorganization
1946.
' ■ •..
,
.
*
and wider range of products,
together with a great
high-speed, rubber-tired, heavy grading and dirt moving
equipment, company management views 1947 operations with consider¬
its
•Deficit.^—v. 165, p.
J
V; The
■
3,222
Dividends
ii
continued
in
are
profit margins for
With
demand
703,225
quarterly net'sales of Valley Shoe Corp., wholly-owned
subsidiary, which was acquired by Johansen Bros, in August, 1946.
Sales of Valley Shoe Corp'/a
for the first quarter totaled $792,294,
an increase of 62.09%
over the same period last year.—V. 164, p. 1722.
>'$1,012,124
/ZZ-ZZ/j
637,949
The
Johansen Bros.
Los
V
and low
3,917
71,566
.
Includes full
346
$1,015,345
minority interest in Rohr Aircraft Corp.
37,288
,f
$8,245,739
Quarter-Ended Feb;
certain-
Total Income
•
but
Act
a cost in excess of $5,500,000
permitted under
the Internal
use
in the regular operations of
as
LeTournea^ products to world markets.
14,886
:
company
Consolidated
832*000
:
%
amortized
changes and also in¬
necessary "in
expediting
Introduction of new products,
delays in delivery, decontrol of prices on purchased materials and
parts and other post war conditions have resulted in Increased costs
39,667
~3~917
ZZZ*
97
facilities purchased at
completely
company.
Reconversion and
creased
manufacturing facilities
($1 par) common, to be offered at $1 a share with¬
underwriting, to present stockholders. Proceeds will be used to
indebtedness and to complete helicopter model.—V. 163, p. 3137.
•'
vv"z:■■■; >'"'
.*^ ^ ••
1,038,566
:-
Other deductions
Revenue
99,585 shares
pay
$516,030
...
11,940
1,220,768
•71,566
surplus
The
for
4,298,920
/Z/i
construction/-,.-
■
of
of
1945.
emergency
been
the
/-/ZZ
of
;
"
,
requirments
reported earnings
Jet Helicopter Corp., New York—Files with SEC—
35,995,079
—;_//,
496
.
net
and
1946,
dividend
company
31,
1,335,159
>•
41,825
"37,401
./Z-.Z.
aid
War
have
//
1 v.'.-.
damages
in
Dec.
on
35,878
32,285
.
.r-^
in
be released shorly to approximately
out
*
164,291
22,807
...
—V0t165,"pr811.
$40,810,028
;—.
administrative
and
31,
liabilities
Capital surplus
Earned
62,999
.
$28,298,946
*•
meeting
the
39,034
..Lj.
Contributions
43,136
..
179,184
accounts
and
Exchange
Ltd.
1,739,546
57,827
,
/■/%•>•.>%■,:,> />.
company.
to
$182,110 on the preferred
cents per share on its
503,370 shares common stock outstanding as of Dec. 31, 1946.
The
company has 50,000 shares of $4 cumulative preferred stock outstand¬
ing which was offered to the public on March 28, 1946.
Working
capital was $12,175,297 on Dec. 31, 1946 as compared to $12,058,230
100,713
accrued
the
stock,
2,433,333
„
and
current
Uncollectible
accomplished by exchanging 21,800 shares of
common
stock for 1,607 special preference and 13,419 common shares
of Universal Cooler Co. of Canada, Ltd.
When this exchange is com¬
pleted, Universal Cooler Co. of Canada, Ltd. will become a wholly
©wned subsidiary.
acquisition
of
amounted
After
Retirement
long-term
Universal Cooler Co. of Canada,
minority stock interest in
1,033,783
Sales
314,167
70,852
accrued
Reserves;-.'
CANADIAN SUBSIDIARY—Company has arranged for the acquisition
©f
323,000
1,285,333
T
Deferred credits
.
financing to
323,000
Ltd.—135,000 common shares (no par)
'!■,• >'
v.- ■>%
debenture stock
debenture stock
Customers' deposits
Taxes accrued /_/__/
x
1,285,333
1,033,783
par
par)_-w——
Accounts payable
obtain merchandise
to
world-wide
company's
through the
"
•
.
earnings, after
giving effect to tai carrybacks, wete $670,232 as compared to $1,234,466
in 1945.
While total sales were • 25%
lower than the preceding year,
they were substantially higher than any peacetime year in tne nistory
$358,100
> 314,167
S,.Co., Ltd., 3Y2%
J. P. S. Co., Ltd., 4y2%
Note payable
Oct.
the after-the-war rush
S.
P.
now
being shipped
organization. - -
are
distributor
$358,100
Long-term debt:
y} International Detrola Corp.—Annual Report—
sibly have duplicated in
which
-
quarter ended Dec. 31, 1946,
showed
BACKLOG—On
1193
THE COMMERCIAL & FINANCIAL CHRONICLE
addJMonaV equipment, .for
purposes.—V. 165, PJ812.^•
THE COMMERCIAL & FINANCIAL CHRONICLE
1194
Mahoning Coal RR.—Earnings—
•
Inc.
fr.
end
road
lease, of
income
Total
.
....
income
...
•Taxes
Other
Preferred
dividends
•Includes
Fed.
representingvan- 80.3%. increase for-the-month/Total pro-,
duction of paid-for business was up $8,297,787 or 44.4%.'Life insure
ance -in foroe Jan. 31, exclusive of group insurance* was $2,445,820,514,
Showing a gain of $16,470,773 for the month. :v-'-v '
'
/
January payments to policyholders and beneficiaries amounted to
$5,541,643, compared with $4,731,007 in the same month a year ago;
642,773
...
2,631
10,927
8,267
$1,050,070
33,068
$188,382
$1,017,002
excess
prof, taxes
164, p. 3146.
—V.
"
$295*873
33,067
$172,483
$185,591
counts
<Cost
sales
16,399,158
1943
1944
,
<Qcn.
960,893
713,222
786,697
399,605
....
admin.
and
13,135,110
72,691 /A' 62,605
376,282
307,619
exps..
the
were
308,825
On
Jan
$1,794,492
Interest
Profit
$1,076,393
29,066
earned
other
30,496
sale
on
of
$1,436,467
A, 18,995
22,322
/
53,196
-
profit
Normal
$1,876,754
income
tax
Net
„
.
$493,158
$521,986
260,134
260,134
277,410;
208,107
$2.31
208,107
——
share...".
$5.40
t After postwar credit..
208,107
A
208,10,7
$2.45
$2.70
NOV.
SHEET,
duction.
1946
30,
'
'
>
'
*;• ' T
be
payable
to
bank,
$1,000,000;-accounts
•
nancial
The
As
payable
/'A
i
•,
-A
other
.■
>,:
Federal
—.
inc.,
1946
•
franchise
state
taxes.—
and
*
net
for
losses:
^
On
secur.
On
loans
(less Fed. inc.
and
Transfer
from
Transfer
to
other
tax
tax.
on
sec.
$1,850,000
to
Dividends paid
gen.
for
in
notice
.
to
.
.
issue
of
:
Crl3,647
$7,785,811
,
$4,378,409
42,028,616
•Btate
and
and
bonds
JLoans
and
'
-
'
less amounts
at
/-•Customers'.liability
Accrued
Other
interest
assets
not
on
than
and
this
action
of
course
a:
t.
is
selling
7,902,462
•Other liabilities
i
"
■
v
;
1,839,490
Net
•
(Glenn L.)
for
established
a
special
to™otaS'
division
/
Sidit 5
r! P
'
"
-
.
transferred
years,
The
;
stock
3H6
S.
&
J
Bank
.
..
Richmond, Va,
Richmond, Va.
A/:/
Trust Co.,
and
National
Merchants
Bank
of
has_ entered into
company
"company at its option at
a com-
1948£
any time prior to July 31?
be' received by
to
the
to
expects
pany
receive
from
its
loan
term
additional
an
the
from
company
sale of the 30,000 shares of preferred stock will be $2,925,000.
Com
sum
of
$2,462,938?
214,307 •'
$2*248,631-
of Virginia, and the remainder thereof will be applied to reduce tern
and
'
$2,032,603;
outstanding
-
lvlOo!ooO 'w;-!
$1,148,631
166,439
/ 828,171
the
porary
bank
loans of
$4,375,000
to
$500,000.
" CAPITALIZATION, GIVING
EFFECX TO
'
;
term
? ii''
%
/
»t,
••''
•
'
•
* V
PRESENT?FINANCING
Authorized.
il,500,000 ;
Temporary banH loans.....-./........
■
n
Outstanding
$500,000
828,171
/ Term loan (15 years).....;; 3,000,000
2,500,000 /
A A:
$1.19
-Cum. preferred stock ipajr
$ 10QA, ; -,60,OQ0 shs.,
30,000 shs.
Common stock
(par $100)_____/____i. it- A /70,000 shs.f; ; 40,000.shs.
828.171
:
.
SHEET
AS
AT
,
fA:$2.25
DECEMBER
A'
v
Treasury
.
certificates
31
-
,
;
and
HISTORY AND BUSINESS—The department15store business conducted
1945
1946 !;
i..__*A__AiA/ '?$3,531,673/$4,680,075
notes__/_.L.L/'i/2,155,000 /'3,750,000
v "
by the
in Richmond, Va.,
company
,
_
...
.....—/ 2,514,792
-Investments
deposit
on
Workmeu's
under
Compensation
New
York
~
in
1996
s
_
r .occupies.
128,857
//?
60
years
ago,
in
business
the
Webster
S.
was-incorporated in VirRhoads and A.A B. Laughon;
locatedAat; 1X7
was
East
JBroad
Street,
and in
1888 was moved to
2,445,931
State
Law__-A-__-_____/A.
begun' over
*
Miller,
.
lower
was
1885, by a partnership formed by Linton O. Miller,-Webster S. Rhoads
v..
4
-'
.
•
a ,-small store : in Athe block, which it-now * largely
present time the company's, store occupies .approxi-
the
At
"Amately three-quarters of this city Oblock,
128.609
which
is
bounded
by
Broad>
carry
on
Ann
v
,A
payable
taxes, payroll,
•
$868,702
'/:...
.
/'Containers charged to customers
Reserve
stock
stock
ferred
stock
stocx
rerrea
'
Total
•
;
1945.—V.
and
165,
Maxson
In
constructl°" ls <=on-
p.
fried potatoes
of
.
.
aach quarter during
ihia
.1
..
•
Systems, Inc.—Appoints; Distributors-^its
Drotrram
to
fxnnn-i
«niGc
and potato puffs, its
of
•
in-.1941
the
war
by
the
conditions.
Prior
; credit
to
/
1941,
basis.
on
a
of
about
A
55%
the
sixth
and
area.
seventh
mAde
floors
availto' a
.'A' /'
of
In? recent .years,
credit restrictions,
n*
ol its frozen french
addition
of-the-company's store.
It is also attributable in large part
"
general -prosperity incident to wartime and immediate post-
cash ,basifi
.
total
due
to
sales
usually
were
wartime
made
conditions,
on
a
including
made
sales
an increased percentage of sales has been
In thp fiscal year ended. Jan. 20, 1946, (credit
the
ttrill
a apQ
able
portion
to
pre-cooked frozen, meals, and other
metropolitan area, this corporation has announced the
distributors in this
and Sterling Point Frosted Foods Co
in
the company!s business, and to the increased store
:
'/
-J°I -.tS.prog^am. to exPanJ_.
and silverwear. r .The company has two -small leased depaVt(rental library and sewing machines),* sales of which" were detes
i»'/.
of total sales for the last fiscal year.-A;-v'.A'-.-A: .i4'*..':
1 :Tne company's sales increased gradually from 1933 to T941, wljefi
an' accelerated upward trend began which has continued to the present
• This
recent trend is attributable'in-part to
normal growth of
828,171 - shares.1
tAfter reserve for depreciation,
depletion of $27,147,134 in 1946 and $25,717,735 in
339.
«
V
Food
furtherance
ments
time.
*«epresent-ea -by
obsolescence
.
-
Uv... half of -«/
than u.«
1%
$28,890,376 $28,076,266 -
....
-
-have been, established at
.
v v ,/•
.
-
2,377,700
A 15,464,213
*
....
•
for-
-
•
634,308/A /671,619 A /notions
(-par $100 per share)
2,377,700
(no par value).......^.>/a;' "
(no par value)^15,464,213
-sur^uT'ioPA^5.214,315
retirement of pre-: .u 3,094,106 1,244,106
/^i ^
Abmopriated'
c
•
-
far
•
;
$922,238
'
/"■
,
(
i-;
.
(returnable),.
contingencies.-........../.../*./':
Miscellaneous operating reserves......../
Glenn
The lines of merchandise, "carriedand the services
compare favorably with those of.: the" better known • American
department, and, specialty stores.'- Merchandise..isold by the: company
:includes, in, the prder of relative importance; women's wearing appareL
AA/-f-aY'.'
—
etc
/-/West Virginia.
$28,890,376 $^$,078,266 //offered
....
TuoTT
♦Common
common
amounts were paW
at
^
.
$2*500,000.
The net proceeds from the preferred stock
loan,-estimated ($5,384,000), will be psed to pay and
retire mortgage indebtedness in
the principal amount of $1,387,750,
plus accrued interest and premium., held by The Life Insurance Co.
V/166,439
1,03.5,^14
stock
Cash
appointment
P
.
-
products
164
stock
30,000 shares of 4J/4%
par
($100) /per share
/ginia, pursuant to which the company will borrow $2,y 500,000
simultaneously with the sale of the preferred
;-Astock. The term loan ($3,000,000 authorized) is for 15
'years* from Jan. 15, -1947! arid will bear,'3% interest.
/The balance of the loan ($500,000) may be taken by vthe
94,106
$3,252,603
-
stock.:
common
BALANCE
Preferred
to
«"erS SSSgS,XSSSS&SW be f'ha
«4s/v
s
12 offered
agent,. State-Planters
First
//Private Loan—The
'
taxes^--*./...*.// 1,220,000 v
to
common
sharevoh
per
intensive
Aa°ed;r°A
Registrar,
$4,198,874
'
/....i
income
common
Earnings
,
•
Mr; Mal?tin said" A«new E. Larsen,
maM8er °f
this time, Mr.
Utortin
Transfer
/
.
196,938
i
on
Accrued
Field
fctaW'wIuWS Swot" Sin"™6"
at
-
.
'
-
on
systems, rotor hubs and "blades
announced or, Feb 14
North!^S^.p^tb;e2^^5SS,lw|
cumulative preferred
land dividend., *
\
4 830042
...la—.i—
,
An>ltmeiit,^greement-.yith the Lite Insurance Co. of Vir-
$4,952,871
i
purposes.—
-
271,234,357
nf
toerly
.k.
1,213,004
"I "8 arlMaIt- olenl>
Piesldeat;
,nJrH!,l .aiAA„™n'|la,ny- lon? a lcadmB
or mititary and com.
SmnnniL ?n
and now among the largest airplane manufacturing
53SS
PhT? ,' 5as acquired the assets and patents of Rota«ew
already made for such
■
.
$2,368,832
declared
3,425,348
Martin Co.—Entering Helicopter
has
itself for expenditures
351,941
w
Co.
reimburse
1
1694787
Federal
LABILITIES—-
and experimentation in control
:
shares .frons
common
v.;.?..-. .,I-A-j-1,';
*.-■
.
1*946,739 /; 1,886,280
■
.'■■1;.'
■-«*.-•
^
change- Its articles of
■»
752,573
868,792,018
Through Purchase of Rota wings, Inc.—
^fjrter, ,Btudyin8 the helicopter field for several
L. Martin
research
r
.
..
•
u
....
Miller & Rhoads, Inc.—Preferred^Stock Offered—A
banking syndicate headed by ScOit .& StringfellOW? and
;
the
all
1945
$3,455,022'
income
-Accounts
^
.
V. 165, p. 940.
A'-
./ /,
operations...—$3,258,084
declared
1,117,350,603 1,218,727,150
1873.
AA
1946 '
expenses/
income
Total
p.
''
Dividends
1,756,913
939,104
732,854,181.
297,789,497
......
of
interests
-.r.
'
-•*
dated March 1, 1947, and would mature on
The pubiic offering price and the interest rate would
be established by the successful bid.- The company, intends to use the
net -proceeds to-finance cciistruction; to acquire additional, property and
•f;o
—202,419 A ;
"
Number of shares of
.
849,678
2,225,162
..........
Total
164,
best
surplus account..
preferred stock
...1/
Dr858,155
4,810,091
1,311,476
•
Time deposits
»*-Y.
the
operations-_.-L_^_»A..
...j.,
charges
1 '
■"
2,146,383
1,126,904
.
1969.
42,028,615
m/A;
Demand deposits
:>
in
;
Provision
287,466
46,407,025
Drl,133,096
A
in.s
.
The new bonds would be
29,180,765
•
Provisions for taxes, interest, etc.
•linority interest in capital stock and sur
y.,
plus of constit. banks, trust cos. & affil..
•Liability on acceptances
anriounce
2,926,669
29,180,765
...
Stock.
March 1,
-".A:/ ^.-Hut.iai
advertising
&
from
from
credits :
Total
8,053,403
*
.
all at. nrpspnt
-shares, all at present nutstn.nriinff.- .to 3,044,C55 shares ($14 par) r.nmmmi
outstanding, to 8 044 8f»R' shares 1.414 narl commoo
_
'■
earnings
Income
■
28,070,539
845,37.3
2,593,377
,,
-sharps
Which "holder's
.
A;,,
"A
.
payable
—
1946—Month—1945
1946—12 Mos.—1945
$7,872,656 ^$7,171,743 $01,650,861 $80,915,775
.23,004v 13,052
];-■ 242,519 •' -110,002
PURPOSE—Net proceeds
Net
.
...
^
A
.•-•
*
ASSETS—
jReserves.
!
on
"r'3,000,000 to 3,500,(»0o and to sell 276,805 additional shares to American
;Light for $3.375-,270, increasing ' the latter's holdings from 2,768,050
fund to
earnings
$20,523,807 $19,590,256
-:13,815;676
13,664r,463
earnings
Total
1,117,350,603 1,218,727,150
Treasury stock
^
.
i
.
$
1,332,193
•Capital stock ($5 par)
''Capital surplus
.
which
the prelerred stock imposes on tileA?'u'Anir5««
i^
respect to funded indebtedness,' mortgages,' and the
Galleher & Co. on Feb.
reissue of preferred stock.
In the judgment of the board
Dividends
-
-
1 >:,The.icompany stated that• it proposes also to
^Incorporation so'as 'to* increase its" authorized
.
be transferred
will
during
?4epietfon^r^8p"®ciatlon' obsolescence and
A>
LIABILITIES—
Dividend
period
,u
u
restrictions
prom
218,273,912
...
Total
this
subsequent
21,702,430
</■>
..
Ea^nina^frommorhpr^nnerntfnn<sns""r""*"*'""~~r~ $4'iQV47a^-$4'irq ol?
from other loperation.
J91-"9
159-Ml
12,263,849
A
-.
x -
company for purchase at a price per
thereby
recapture
the f-sinking
fund,
to meet such tenders,^ if any, and to
Earnings
,
713,501,436
acceptances..*
receivable
held?.in
first
the
•.//"/AvA:/A:r/;;;/-A//—
cost,
off
>•
the. preferred 1 stock
to
amount
30-day
a
-
..
,
the
Administrative,
*
211*501,060
9,27.2,941
more
the
from
goods
;;;
19,907,987
244,740,125
....
written
each
approximately
1945
$
discounts
transferred
was.
required
.
3l
224,073,116
559,609,385
securities
"
:.
provisions of the preferred stock," to
par
extent
of
......
47,073,638
and
Atortgages
Bank buildings,
^
A'
with banks
municipal securities
Other
-
"
'
hand
the
OroSS
35,800,580
1946
'
on
cents
De*
*-'"v
vv
^
sales
Cost
$6,228,036
BALANCE SHEET DEC.
United States Government securities
War
with
and
Income
ASSETS'*
25
'
1,557,775
$46,407,025 $42,028,616
CONSOLIDATED
■■
approximately $289,930
Br41,406
1,976,583
year..
the
of
INCOME ACCOUNT FOR CALENDAR YEARS
7~18~317
iDrl3,696
hits.
Balance at end of year
<3ash
of
Michiffan Bell Telephone Co.—Eamines— rS':
-
i
'
......
'f.
dividends
two
o
-
ithat
purpose
of
.
...
directors,
Net
347,147
56,354,992
of
Chairman
v
bringing
advertisement
stockholders.
-
60,000
...
at begin,
there
with the
110%
company
.
Cr82,577
minority
less.
-expected
that
and
of
except
.
1,959,159
net„.
Balance
Balance of consol. cap. sur.
V
Corp.—Votes Two Dividends—
declared
have
meeting is
tender such stock to the
may
share
1,688,975
Cr25,567
to
is
accordance
"by
(
,
516,300
surplus
accrued
COMPARATIVE
and
the capital .stock, one payable on April .1 to Jbolders of • record Marcto
■
Total
■
directors
The
-ry.
i
"
net
res.
capital
and
the
the
/:
profits)
liabilities,
surplus charges, net
Proportion thereof applicable
addition
fa "at"1 this plant 'by
sinking fund, thereby bringing the total amount held therein
.approximately $2,615,470 or 110% of the aggregate par' valjie. of
the outstanding preferred stock.
Thereupon, the' company purposes,
,
$5,353,2
Misc.
Net
said.
'•:VaSX'W- j
scheduled"for; March 25;" 1947. :;v
.^e ,c°mupa£:i'',a
the American Light and Traction Co.?
had approximately^ 11,600 stock-.r applied Feb..25 to theiBwuritics and Exchange Commission for author*
stockholders :and of these -ff, 100
thy.to:,issue and sell $6,000,000 of first mortgage bonds at competitive
^
or
earnings
available
-
547,278
other
shares
fund
$2,325*540.. It
V," 104,03
assets
and
from
or
application
.
...
"t-PREFERRED STOCK SINKING FUND
1946
sinking
$5,457,288
operating income
recoveries, less provision
•
■:v- 'A'...;-; ',.'?" ;i.;-.
--
31, 1946, the company
There were 11,000. commori
From
,
and
?
the
$32,300,000,- $20,000,000
cost
Co.—Financing Proposed
•
stockholders'
.
..
-1945
1
A 2,319,390
....
the
from
Dec.
terminate
realized
feet,
cubic
to
..
_
received -clearance
held 50
'
Consolidated
million
295
estimated
Merchants Distilling
to-
t
operating income
Proportion thereof aplicable to minority lnt
Profits
,
undertakings will require new financing .by the
■■■
$21,959,714 $19,471,306
14,183,036
12,880,445
:
.
Net
-
■
■'
caption
;r >•
J
(Including Constituent Banks, Trust Companies and Affiliate) •'
for
a mmon
,*•
statements.-
of
jr
to
Marine Midland Corp.—Earnings—
Operating income ......A
Operating expenses
to.
are
be
the
annual
74%
or
'
*
sections
Price
.holders.
profits taxes, estimated, $841,000; notes payable to bank (maturing
$250,000 semi-annually from Dec. 1, 1951), $2,500,000; .capital stock
<par $5), $1,040,619; capital surplus, $126,798; earned surplus, $6,-
Calendar years—
third
the
Adjustment Board that no " excessive profits were-.' j; Net ^oper^ing income ^.,.$^11,346
$740,251 .$12,464,847? $9,925,684
realized during the year 1945 on our war materials contracts..
.Net after charges_„_sr?
, 844,418..■v,.;:,J01,141^12,204,641.9,552,269;.•
; Claims "have
been filed, for the yea;)- 1945 ' and'prior years under.;'Vt 165, p. 339.;^
v;^
section
722
of
the Internal Revenue
Code--and;,-are-substantial in ::
I
\
amount.
These claims have not been reflected' in the ;compafty's: fi^ jMOlchigan Consolidated >Gas
,
sundry
W7.364; total, $13,464,133,—V, 163, p. 906.
the
have
We
accruals, $624,702; accrued -salaries, wages and
adjusted compensation, $358,388; .dividends payable, $208,002;, social
security and other taxes, estimated, $573264; Federal income-and excess
-Prov.
To
partment
<net),- $3,508,066; inventories, $7,845,111/ mortgage receivable and
sundry
investments,
etc.,
(less $16,100
allowance),
$71,602;
land
(buildings, machinery and equipment, etc.; at cost (less $729,132 de¬
preciation), $1,239,089; unexpired insurance 'premiums, prepaid interest,
travel advances to salesmen, etc., $39,583; trade name, good will and
patterns, $1; total, $13,464,138.
v /;'v
/ >
•
-//./[j///.-
4
to
probably ,in the Carthage field in east Texas, be*
world's largest natural gas. 'reservoir, the pipeline
to five major distribution firms. These would be the
Memphis Light, Gas and W.ater division; Louisville Gas & Electric
Co.; Kentucky Natural Gas Corp.; East Ohio Gas Co., owned by Con*
solidated Gas Corp.;. and the Ohio Fuel Gas Co., owned by the
Columbia Gas and Electric System.—V. 163, p. 314.' -
the
of these
Some
necessary,
under
deposits in banks and cash on hand, $685,687;
bonds, Defense series G, at cost, $50,000; U. ;S. Treasury
Tax Series C, at cost, $25,000; notes and accounts receivable
and
,v
-
the
Period End. Dec. 31—,
expansion, or improvement due
to scarcity ,of labor, .'^shortages "<of ■: Operating revenues
needed goods and materials, and concentration*!on -essential war > pro-s- Uncollectible oper. rev._
//-/.'a
/.•:■/.
BALANCE
LIABILITIES—Notes
and
>
respectively.
,.
A, -.;•/•
..AA A/ ,
.
.
,-. A\/- j.
The proposed pipeline would be 24 inch in diameter. With its south*
$574,779 •■>;> Much of,the • improvement, expansion, and development work* has
260,134
already been or will be financed out of the" cash balances built up
during the war, which could not then be expended for replacements,
ASSETS—Demand
<trade)
connect,
.-/■•'/
Louisville
•
V. 6. Savings
•onotes,
with
1947.
company.
;
also
from
$567,000, / $58^,010
stock
common
would
miles
290
$1,458,789
300,000
,318,000
364,187
income
of
(par $25)
^Earnings per
,
$1,366,396
295,731
79,000
tax—
Dividends
i|3brs.
$1,106,889
672,896
$1,124,858
profits
Ohio,
three
/-A.-.".- •/
with purchase option
highest in the company's history.
10
1947 a long-term lease contract
of
-
extend
would
reduced
by the two
coal strikes which adversely --western terminus
operations of the Saltville, Va., plant.-A X i/-/ A/
lieved to be the
products increased over the previous year, and /. would supply fuel
"able ^to^com me nee' production^
be
middle
Excess
and
The
land.
1
\ Total
•day
War Assets Administration covering ihe ammonia plant
at Lake Charles, La., which Mathiesonv Alkali Works
built during the war for the government without, profit to the c6mpany.
Subject to the procurement of essential construction materials
'
bldg. and equip.
v
$1,347,401
(net) &
income
million feet per day,
Gas Co. system, v
100
.$11,000,000
specialty
signed
was
of
Natural
section
third a distance of 57 miles eastward
to Greene
County,. Pa„ 25 miles south of Pittsburgh. The second'
section would increase the total capacity to 220 million cubic feet per
were
the
of
Sales
capacity
Kentucky
second
Clarington,
1
;
■
,
the
The
.
has
company
initial
an
earnings
affected
815,854
,
The
■
(Inc.)—Annual Report
Fox, Chairman, and G. -W. Dolan, President, on
1946
year
12,102,386
* 52,949
12,465,280
71,262
.
;,"A','.
•
Texas-to-Pennsyl*
; ? '
applied to the Federal Power Commission for
permission to build a $63,300,000" pipeline from Texas to Western
•Pennsylvania. The 24-inch line is to be laid in three parts,- with the
first part
to be put in operation by April,. 1949,. It would extend
669 miles from the East Texas gas fields to connect with the Louisville
Gas & Electric Co. southeast of Louisville, Ky. This portion, to have
higher than:the
are
$19,625,410 $14,703,868 $15,630,332 $14,716,481
....
of
V
•
Co.—Plans
Gas
Memphis' Natural
vania Pipeline—'
':
and .earnings per share on common > stook in 1946
previous year due to better operating results; a
moderate increase in sales prices during the last quarter of the' year
and a reduction in the Federal income tax rate.
Earnings during the
Gross
*
sales, less cash dis¬
Depreciation
iBelling expenses
^
(The) Matbiesori Alkali Works
—A. U.
$1,032,651
$642,773
1945
1946
same
with
Manhattan Shirt Co.—Earnings—
Net
-
Jan. 30, stated in part:
Years End. Nov. 30—
over
$880,661
!-
_
41.9%
$7,344,367 or
of
$2,140,736,
$913,728
v
gain
a
according to an -announcement •' by Chester. O./ Fischer/ VicePresident. Annuities sold, exclusive of group insurance, amounted to
&
inc.
company
$1,957,680
1,032,651
11,300
8,267
pfd. div.
Jersey and Westchester respectively. Sterling Point
will cover Staten Island, N. Y,—V. 165, p:'212./
ago,
—V. 165, p. 940.
Net inc. aft.
Brothers,. Inc. and
month a year
$1,703,770
$196,649
___
the
January,
the
showed
2,632
...
income
in
$24,860,565
$1,923,867
33,812
-
$304,140
deductions
Net
of
sales
$1,694,518
9,251
$371,763
172,483
185,591
...
insurance
$368,923
'
2,840
'
$492,363
.
life
With
j
$489,713
2,650
equipment
Other
,
1
Westchester and.Long Island,.(N.-Y.), McRoberts
Seabergfi .Supply Co. also : will cover northern New
Frosted Foods Co.
' ,/
"/■
•/; j
northern New Jersey,
Co—January
Insurance
Sales Increased 41.9%—
1946—12 Mos*—1945.
1946—3 Mos.—1945
Period End. Dec. 31—
i
,
Life
Mutual
Massachusetts
'
Monday* March 3, 194J
of
f«
A*
*/r~
•
r>
JL
•
9
uwutiMuewiOrUi
will operate In Manhattan, Bronx, Queens, Brooklyn ,(N. Y.),
'
j
■
uAl/ll-iUU
may
have
.
LVXXVXJJ
some
.
v^xul^ILru
JD UpAl\riOO—A
<
reCCIlI
si^rtificance ;lo ,the compa,hy's
Utjveiupil/ieill/
WIIIOI*.
future business-is the
'
Volume
165
ft ; establishment^ of
.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4573
a-1 catalog, mail
division..'
order
The
has;'":
company
ft Motris Paper Mills,
.
ft-fti). conducted
a small catalog mail order business, from its main store
since 1915, chiefly as a service to its out-of-town customers.
In the *
■ft/ft spring of 1946 the company determined to place somewhat greater-,
^company
vV
emphasis
r,
...
its
on
catalog mail order business
for
the
;;f business.
A
//-organization
ft/ft
V
-
special
and
division
handling
was employed.
mid-season flyers were
manager
that
the -catalog
of
mail
year
to
distributed
ft/ft and medium priced lines
r. is. ••••.
/
.
its
concentrate
>,*.<
;
■
division
be operated
;
ft/ft; $2,500,000 of such
substantially
as .a
Mountain States Telephone &
Teljeffraph-^Eaniings
-
?
Net
revenues
IT:
$4,682,360
3,939,267
Operating expenses
«
Operating taxes —i.—'
with the
ft./issuance?and sale of the preferred stock now" offered,-;. The entire
ft' ^ authorized term loan will bear interest at the rate of 3% per annum, '•
ft,* j payable semi-annually, and will extend for 15: years from Jan. 15,.
' 1947, subject to serial maturities and prepayment rights. "
'A '
f ft..-.
operating
ineome ft,. $382,019
after charges
—V.
165,
——ft
213.
p.
..*
•
$5,960,943
$5,195,702
194,532
4,022,687
^
....
v
The
"ftft'ftft.'ft'
I
.
-ft
The
term
will
loan
mature
serially
in
the
amount'
and
refinancing
of
$75,000 each
the .— *'
vote
Products
^
the
of
corporation
approving
and
the
of
the
ft/ft ;
"ft ft;;': of shares to .be purchased, by each
No.
the
of
names
underwriters
follows:'
as
are
the
and
77
&
Scott
Stringfellow
Branch,
F.
C.
Cassell
&
4,500
Scott, Horner & Mason, Inc.
1,000
2,000'
W.
1,000
J/C,. Wheat-& Co
Co,-—7
Cabell &
Co., Inc.—
E,
Buford
&
Co._
months
seven
ended
Dec.
its
.
of
phonograph
letter
a
establish
(b)
subsidiaries
.
record
the
permit
business
to
stockholders
$l,039,07f9
• 913,750
*l,952,83'li
31,
amount
date
of
acquisition
,
,
•
,.
iDec.
1945)
28,
*
finances
company
to realize
profits,
the
on
CONSOLIDATED BALANCE
'
■
realized:
sale
sale of
of
-j
SHEET
DEC.
time
present
are
have
beset
companies
:
the
in
large
the
number
past
shares of.
115,259 shares of
,7
-
'
new
'
new
stock
common
288,14?
-
of
reserves)
-
—
(net of reserve)
and
assets.
deferred
—
ft
,
%
TbONSOLIDATED
t
ft
7
,
713,613
———
-
—
:
7
-
Cost
mm
r
Net
sales
of
H
:
ad-
:7
—i—
22,30^
7---
"'LIABILITIES—
as adjusted ——7—
77--7--7--75 ch deferred obligations
Term
loan
v7-'
>:
,;'-v
Current liabilities
-
$2,677,931
-
'7
h
^
<
-
'
ft
v
.
Jan*25—'
10,082,860
250,000
-
through its crisis, jm addition to other loans previously made princi- :;
by officers in the amount of $172,150..'. '• :
;
" -• • .;. 7-";'
'S The proposed pian provides for the consolidation of Musicraft Re-.
cording .Corpfparent with Musicraft Records Inc., its "principal subside
->
2,409,050 7'
'
'
•
'
'
—
iary:; ay
result
a
v
Nashville, Chattanooga & St. Louis Ry.—Earnings—:
January—
Gross
which
Musicraft.
Recnrrls
wmTiri
Tne-
Net
•
pmsrva
1947
L
from
1945
1946
railway—7-
$2,537,052
railway—.
462,233
from
-
of
'•
Total
other
proflti:---^^^ $809,079
income—-"-'V
*$1,810,682
35,591
-
$2,001,526
^
40 557
Total
Total
income
other
$1569,870'V7the parent as well as the operating company. It is believed "that
22 612:'^'>net;':0per*tlxig loss
carry forward available for Federal income ■
r
the'
tax
'•
19'453'
—V.
giving/ effect to, the proposed consolidation, though '
$2 020 980 ^^$1692-'482'^7'lwer'^^thah^he present loss carry forward of the separate companies,' io'287 7 ^^-143617- ^111:^be
adequate ,to cover probable- operating profits in" the next '
—-.v...
v
»
Net'ry; oper,'. income— 7
--77-7!; '
$844,6717 $1,851,239
deduction^^'t- 64 016
t'. 28 925
■
*'
;
■■■
■
■w
■
*
♦
'
'
\*<
j
plants if consummated in its entirety,- will
improve the1, corporation's: net working capital'position by $1,082,884 ■
of which $838,147 would be
cash, compared with the Dec; 31, 1946 '
working capital deficit7of nearly $450,000. <7 <4 V. 7• :>
■.» i
.-.>-.;>Tbe management has • been. advised that holders of the $250,000
* iriconie'
77——7—7—— ''"7N $472j442 7' i;'$500;465-' / $530-,444' , $479,113 =77 47
tj^fee-year secured notes, : have indicated their willingness to accept1
V" T
i
>.'•,
100,000 shares
of,;; new common
stock
in
exchange for
the
can- :
Bi"
,u ft'
-'' ■JT
ci
-«j.7.'A-iA'e7 '^'.C'
lVTinnf>nnnli« St Paiil A Snnlt cue.••.uri'I.f
St<»
TVTnH- "RR
.^;i7c«Uation of;. their^indebtedness and the complete release of all of their r
-
;v7-r A
"f
,g ...
•
Minneapolis
A;7i Income BpnaSr^
165, P..688.. .V
."Transfer
Agent:
option -^warrants,, conditioned
all
upon
v.s777-:"Vi.:vs7:^':;.-N'^'^.v^^;.777>;v;7^7>-''rt.->-;I777>7,;v7:v^y:':tlw-jprbppsed7^1An;befng:7-app
$57,9J4,630 as or Dec. 31, 1945—V, 165, p. b87.
<v.
"
-
-v.
other phases of?
The preferred >
;
•
.
-
...
....
.
.
.
.
_.lt
additional .share of. new common stock at $2.50 per share.
Officers
0f' the? corporation
and-others have/indicated their Willingness to
^
;
at 99 129 and accrued dividends in
Tji; connection with; the- procurement tot certain equipment;/ /The report of the commission states:
7;%.Invitations to bid for-the certificates were mailed to 167 banking and
^v/Tt : is/also contemplated
investment houses, insurance companies, and others; advertisements for'were published.
In response thereto, three bids were received, thedesirable being, that of Halsey, Stuart & Co., Inc., and 13 asso-7.
ft ciates>v of 99.129 'for w dividend rate of 2% per jfinntrrnv Thisf: bid was^i
accepted. At the price and interest rate indicated, the average annuaF
cost of the proceeds will
approximate 2.13%.
less
not
than
the plan
have
to
$244,737
face
become
amount of
other
The directors have
on unpaid'balances, and principal and interest would be
a Current basis as profits would allow and in the discretion
management;:/In addition, payment of any such deferred in-r
debtedness will be anticipated with- respect to 50%
of the proceeds '
of up
to $290,000 cash which may be received from the: exercise
paid
of
on
the
of the six-month option warrants
'
•
/
^
,
*
-
the plan,
under
authorized
payment April 4, 1947, of one couponr
the adjustment income 5s, due 1967. This
coupon, dated April; 1940, ft
Indications
are
>
,
,•
t
;
.
,
Earned
per
share__—-_^__^L"
—$0.29
,
•
ft-$0.26.
ft; ftftft63-. "• 3H0"
.
ftft-k 'ft'-
Monroe Auto Equipment Co.—Earnings—
ft -7ft. TERMS OF EXCHANGE OF SECURITIES
|ft(l)/The
^
$250,000
-
ft ftftftft-ft.'-ftft:,'./'ft
*'
5% notes and option warrants to/
$1
per
share for ft
present common
-
-
of
"ulMn
-
shares
of
stock
common
new
($2.50)——
in
the
of
sum
$873,245
Value
the
of
550,000
outstanding. :V
,
v;//
'> /if
&
1946
/,
$242,453
V
65,144
$202,876 /
-
46.262
shares '."Of
1944
'
V 40,089
Conlon
152,
Corp.
pp.;2974
and
of
163,
pp.
3140
and
and
the
ft
-
stock,, the 20,966
shares $1 conv.- stock
conv/t
cura.
8,734
ft
.
.
.
ofr plan./
date
2729;
(4)
1
Assuming
that
all
warrants
are
new
...
exercised
.
....
this .would
.
:
Moore-Ifandley
the
1946 on
snares
on
Feb. 20, filed a registration statement with the
16,000' shares
($100 par)
cumulative preferred and 85,000
($1, par)
common.
Underwriter,
Equitable Securities Corp.ft
Nashville, Tenn.;
Paul
H.I Davis
&
and Johnston. Lemon,
Co.,-Washington, D. C. Proceeds will be applied to ,the redemption of
^4,000 shares '($50
par)' '$3' cumulative preferred at'$50 a * share and
accrued dividends. Additional
funds'for the redemption program will
he supplied from
treasury.
'
ft
Co., Chicago;
&
.
share
plan.
company
EEC:,for
shares of present common.
25
of
This would
•"
new
warrants
all
■
l
are
at
$2.50 for
6
:
cipally for treating water. Most'waters contain mineral matter which
scale or corrosion* (rust) in pipelines, boilers or equip, coming ia'
with such
waters.
Under certain conditions, waters producer
ail
undesirable foam or froth
in
boilers.
The corporation has de¬
veloped chemicals and chemical treatments designed to prevent sucht
scale
or.
corrosion:
and
foaming.7 Corporation
also
manufactures
chemicals used in treating water for domestic consumption, and water
employed in processing food and in manufacturing paper, ice and bev¬
erages.
The chemicals are produced in liquid, powder and briquette
fdrnt.' In addition,
the corporation
and its sole ■/active subsidiary* v
Ytsco Products Co., manufacture and sell to the petroleum industrycatalyst used in the-production of high octane gasoline and chemicals
cause
contact
used
of
irr the
operation
to
snares
be
of
oil wells.
by
•*.
.
each
.
per
share
or
$300,000 cash.
the number
.
No. of
No. of
ft,4
Shared)
Shares
Higginson Corp.J.
First Boston Corp.___^
The
7.0CO
7,000
Allyn & Co., Inc.—
C.
Illinois
Company—
Loewi
&
Co—————
7,000
Moseley & Co.-—*- 11,000
S.
Ames,
Emerich & Co., Inc.
3,500
Farwell, Chapman & Co—
First
Securities
Co.
of
2,000
Paine,
Webber,, Jackson
'Curtis
Wisconsin
&
ft
-•
//-k
—-I—
Kebbon, McCormlck
White. Weld &
The
A.
Republic Co., Inc.- 11,000
Central
F.
22,500
15,000 v
11,000
81 Co.-
v
Chicago
8,000
*
&_StubbsI_
8,000
Co.——
Whiting, Weeks
8,000
Julien Collins & Co
E.
Wood &
Co.—
2,000
2,000
1,000
1,000
of
1943
1944
1945
■
$9,751,619 $10,079,190 $10,392,325
5,849,544
5,930,981
5,887,275
$7,796,964
4,155,805
'
<
•
1,414,030
ft'Operating profit
Other
2,106,219
1,832,183
1,685,048
293
746
CrlAlO
729
$1,795,562
w„. 98,303
$2,315,278
$2,821,471
..."
44,473
$2,220,400
$1,893,866
'
-
$2,378,814
$2,865,945
$2,287,966
ft
—
income ———
63,535
.
61,560
.;
'
.
$2.50
'-ft
of. the underwriters and
are as follows: V
•
.
names
purchased
,
take up 47,769 common shares and assuming that
exercised Would improve working capital by $119,422,
,
AND
BUSINESS—Corporation was incorporated in Dela-ft
April 21', 1928, for the purpose of succeeding to the business of
Co. and Aluminate Sales Corp. Corporation is pres¬
Prov. for doubtful accts.
payables in the amount of $489,473: not less$244,737. would be deferred for two years, bearing interest at
to'be paid on a current basis as profits would allow, and in
the discretion of the management;
the balance would be placed on
current basis.
This would improve working capital $244,737.
--(6) A total of 120,000 shares of new common stock would be sold
@
/-'ft
ently. engaged in manufacture, sale and servicing of chemicals used prin¬
Total
($) " Trade "and other
investment
and*
ft
1
Chicago Chemical
products sold—
Research, sell., admin.,
.etc., expenses
—
>
than
for
.ft-'.
Jan." 31,/ April
1946
The warrant covers the pur-:;
months after effective date of/
5%
issued
presently
ft
■./:
:HISTORY
ware
Cost
1,194,245 shares of common stock would receive 1 share of;
common stock and a warrant for
1 additional share in exchange
chase
stock
common
,/.
30, and July 31, and in the amount
of $0.30* per share on
Oct. 31; making a total of $0,845 per shara,
for the year.
On Jan. 31, 1947, a quarterly dividend was paid in the»
amount of $0.30 per share.
-ft
-ft ft-ft;
'ft/ft
J ft V.
year
Gross sales, less returns
The
fpr each
Hardware Co., Inc., Birmingham, Alaft
•^Registers with SEC— 'ft ft'"ft'.; ftft^ftft'
'ft-^''ftftft'/ ft'!'
ft:'
to-
the basi|s' of
550,000 shares of • common stock- now outstanding,
quarterly dividends in the amount of $0.1818 per share were paid ia
■1.
■
surplus
;ft CONSOLIDATED INCOME STATEMENT FOR CALENDAR YEARS
of present preferred," The warrant covers the,share at $2.50 for 0 monts after the effective
improve working capital by $168,725 in cash.
'
earned
from
to
liquidation! preference
j
ft
of
>
Harold
warrant
a
■ftpurchase of/l^new
-
?ftft'ft-ft'-'-ft"1::ftft'/'ft-ft/-.'ft -.ft. v.'t
ft'-",■ i"
67,490
and
ft
/ft"Aft' ft'/'
Illinois, above.—V.
2244.
conv,/stock
cent
shares of common stock or 1 share new common stock >
for 1 additional share in exchange .for each $12.50
receive
V.ft 49,1751
Carp., Joliet, 111.—Consolidation Ratified—
-
50
-
:•
Outstanding
ftft 550,000 shs-f
incorporation in 1928, corporation has operated
at a
profit in evtery year and has followed a consistent policy of
financing its expansion wholly out of earnings.
Although the amount
of dividend disbursement has been subject to. such policy, cash divi¬
dends have been
paid regularly on the common stock in each year
since incorporation.
Dividends normally are paid to stockholders quar¬
terly Jan. 31, April 30, July 31, and Oct. 31.
Such dividends have*
been
supplemented from time to time by extra dividends.
Adjusted
k-(preference in/liquidation of all preferred amounts to $843,630) would
-Ct. 61,988
■<■
$1.25 *cum.
shares
f.
$226,398,
'
58,051
receive
a-dv&rtcesrft. Would
ftl945"=ftft
$172,130 3-yr, •
warrants to purchase 86,075 shares '
for 3 years, and $79,500 unsecured *
20,000 shares of
new- common
stock in
exchange,"'•.ft'ft**;• -ft-ft
/>
ft/' ^..Authorized
ft: »■,550,000 shs.
transferred
was
shares
..
The
V..
."'
•
-ft ./ftftft-/ ."-ft 'ft
...DIVIDENDS—Since
Lee
,650 consisting of:
ft/ft .-v* -Januaryrr-vx1 ftft-ftf/ ft'% i
.1947 ' *
Gross fromi railway_.ft.ft_
7 $302,866
ft ft ^et' from .vrailway_:__-_; 7. t" v 97,040
ry. oper.ft income.ft_ '-ft 68,716
ftftv*7yft:X65, P. 688. r-7.-ftft
-' -ft
-—
ft UNDERWRITING—The
ft /ft/ftft' 'ft' ftftrftft
3-y*ft secured
purchase1 400,000 ft shares
•-
/See
Conti¬
*
the sum of $1,755 from capital surplus to capital
thereby
increasing
the
stated
capital from
$500,000 to
$1,375,000, the latter amount being equivalent to the aggregate par
•
being offered to present stockholders
.•
''
-ft-ft ft'ft' i'~~ft'ftvv: -'ft"; 'ft- ,V.ft
that,, if the present stockholders and lenders ap->
prove
the plan,'% $300,000 of cash capital could be obtained by the
v covers interest at
5% for the six months period ended Dec. 31, 1939. -'ft
pjfivkte sale for investment of 120,000 shares of new common stock' *R. J.
Morfa, Chairman, reported that January gross revenue was $4,- - M' at $2.50 'per share; and that a term loan in "the form of bank credit975,000. only $169,000 under January, 1946. Net income in. Januaryrft And (or! mortgage on the plants in the amount of $250,000 could
1947, was $30,000, against $456,000 in the corresponding month a year
also Be arranged.
'
"ft "' ft ft: "
■
ft
ft; " 7
'ftft;." - '7ft: ;;
*
ago. ..'.'The decrease in net
income," Mr. Moifa stated, "was due Iargely- ' -ftMilfon Diamond, who until recently was associate chairman of the
.ft to higher wage and material: costs.1'The wage adjustment awarded last ftft board, secretary and'general counsel of DecCa Records Inc. has con- •
year retroactive to Jan. I,-was not taken into account until
March,-ft/sented to give'his services to the company subject to the establishift 1946.-—V. 165, p. 940,.
•*-*•"«%»:. "ft
V
J ftment of~a corporate structure and financial plan which would place :
v'-ftft vft'fftft'..
-l..company in a strong financial position."
ft"
ftV-'.
:7ft
Monosrram Picture (Horn—Earnings
v
• 1
: Interests" associated with, the ownership of Apollo Records Inc. have *
;
ftft->;
ft ' indicatedr. a possible interest'in acquiring some of the "stock- to be r
ft.
profit
f/ Ended Dec, 28-^. , 1
r
ft ft issued for; cash: under the proposed- plan,
although there, are no
®
J344,973 .ftr $377,192'.
pre?eKt COmmitments on their part to do so. ft/'ft'"--"ft "ft,ft-. ■' ;'ftft
:ft
*Weral inc°me taxes_-/_—__—.r:
—-i
: *
127,974
193,500/;-^ bOIleved"* that this proposed plkn will permit the company to "
}Wft ft w. " •*"" :
'
1.'
t yf
^
ft c^pftMiz6?
Its ft potentialtles-: The/ company's'financiftl.^on-^
$216,999
$183,692
Hition" is so critical -that the only alternative to such a'plait Would
ft No, of common shares--__7.ftft-ft_--.:--„-ft___ - ■ • 753,019 • - 609,347 '
"o „ rm.rf i-onr™nidation.-'
V 'ft v •
;
-'ft
/ft
To Pay Interest;—
y
on
Chicago.
account,
*
annum
per
ft;
■
in 7 order
that
obligations of the corporation (exclusive of taxes and secured obliga-*
tioris)
would1 cooperate''to the extent of deferring such obligations
for two years.
The deferred indebtedness would draw interest of 5%
most
:
and "operative
effective
bids
v.
of
Co.
capital account and
•
RR-T-Prininmpnf TrnW Ttfc
/ exchange their loans totaling $251,650 (and option warrants) fdr 20,-'"
ivnssouri-ivansas-iexas HK.—JLquipment Irust/Ltts.—.> oOO shares of new common stock to be issued.
-^ji. Dallas,-, .Texas,'- as. .trustee,-, .ana • sold
:
Chicago, j, Registrar:
Co.,
Trust
common stock (no jmr)t\vere changed into 550,000 shares of com¬
stock ($2.50 par).
In connection with such change in capitaliza¬
tion;
on Feb, 19 authorized the
company* to assume obligation, and ;
"i ^ThUS'p this-$250,000 of secured indebtedness and $251,650 of other *
liability- in respect .of not exceeding $3,900,000 equipment-trust .certifi-7 ^^ loans would be eliminated as liabilities if the proposed plan became ;
cates, series 1947, to be issued by the Republic National Bank of Dallas,> effectlve^:^^.**'-y.;'-V'".^:v:v-*TI;.;.;-'?'.:
:v/:7'77'
•
&
mon
_
\W The ;ICC,
1
banking
7 By an:: amendment ft to the; certificate of incorporation, effective
Aug. 19, 1946, the 100,000 previously authorized and issued shares*
o£
'A• stock rissued t<r the present preferred and common stockholders will
ve ^: 6-month ,warrant entitl ng the holder to purchase one
Mi«niiri-Kan<sa<!-Ti»*3«
^
Trust
Bank
CAPITALIZATION
Common stock
and held "in its'treasury $751,000 of first mortgage 4Va%
•.'-v-'S cumulative- income bonds,- Series A, ■ due Jan,
-1,..1971; Outstanding on
Jan.
31, 1947,- were $7,183,630 of the income 4Kcompared with
7"
nf npi-m
'Kusliv
r«-rt
tim
.
Northern
nental Illinois National
7
I
.'.'■Vv;- v;.
National Aluminate Corp.—Stock Offered—A
.
purchased
,
.
'
«
raui & bault Me. Mane.KK.—Reducescollateral,'and'
..*
143,642
syndicate headed by Lee Higginson Corp. on Feb. 27 of-',
fered to the public 127,000 shares of common stock ($2.50
par) at $24 per share. The shares are presently outstand¬
ing and the proceeds will go to selling stockholders.
-.v.vtwo7 years.,.The ..proposed
,
•'*7
168,709
•
after
..purposes
;
1944..
870,126
404,413
328,495
'
-
$3,481,180
906,498
469,247
$2,455,456 ^-$3,371,309
.
'
..''^Operating
,
,
8 613,740
♦^
■ 2,671,407
'
•
■
•
*$676,139
.
..IWHi
goods sold----!-: '10,771,465'11,416,546
exp.
3,447;512 7 3,419,819:
s,-T--'
-
-
—
-
total_7_77- $15,028,058 $16,647,049 $14,755,795 $12,592,66Li
Selling, admin., etc.
m
238,470
——
.
—Fiscal! Years Ended
Hi
,
-
7,09f>->
r
-
500
7
*
\
Oct. 31,'46
1946
1945
1944 '
^PwnOd idepartinentsi:'- $14,984,949 $16.379,t66 ^147683,126 $12;533,86l
ft
Leased departments^ Aft ft 43,108 Hftft67,282 A: ft . 72,668
7
58,800
77'"!.
15,891
77,500
233,761
;
—
—
Uet sales:
mm
"
—
—
nnn
500
INCOME STATEMENT
9 Mos. End.
1
47,58:1
-
——.—
—
charges
—
483,550
-
of. Federal income taxes——,
(net
-
$300,000
stock
common
i
—————
!
/
250,000
-
and licenses
Total
i
in--
of
have
year
1946
.
engaged
business.
record
31,
—
assets
Other
,
May
:
i
-
•
120,000
loan
Prepaid expenses
a
fully
<
to
/
income
Other deductions
inter.
—T-j—
$1,158,839
,
minor,
inc.
Net profit
164, p; 1725.
42,534
•
<4,969
>?'
3,033
12,000,301
16,358 1
" 20,063
1,496,124
I14,515
$840,611
$774,298
1,569,123
20,163
Applic. to
^V.
.68
714,795
on
,
-
(est.)
Fed/taxes
"'
$750,797
'
,
»
.
•V
,,
Franchises, at cost
Masters, Catalogues,' etc.. (net of reserve)—
Investment in other companies
states
company's
the
and
at
the
/ .•'
1946
-
affected the company as well; in addition, company has had
Two year
—L—— ;
244,73?
many problems and large costs in building its new plants at Ossining, ->
Deferred credit to income —7
-7:
♦
10,000
N..y.,-«nd Los Ahgeles, Calif., and creating an imposing talent roster.
Common stock (par $1)
470,518During this period, several independent phonograph record companies >
Capital • surplus (net) _^77---7—,7-7.
——;
1,026,537
have gone into receivership.
■
;
....
■!
•
1
i-iThe management and principal stockholders have been
energetically-.,
Total-—7_7—
$2,677,931
bending every effort to solve the corporation's financial problems In
f"Total current
liabilities as shown on
consolidated balance sheet'
order to. avoid a court reorganization, and this plan has been evolved
as
at Dec.
31, 1946; $920,875, less adjustments giving to proposed
with the .hope it will accomplish this
purpose.
>.7'-;./v.;:, :;7,.-,';;;
plan, (amount of payables to be deferred for two years), $244,737.
Corporation" and .its -subsidiaries had a net working capital deficittAs shown on consolidated balance sheet as
at Dec. 31,
1946.—
of nearly $450,000 as of. Dec;
31," 1946, exclusive of $79,500 of loans 7
made principally by officers since Nov.
V.; 165, p. .76/;: .; ..7^.;
- '-J.
'C(■', ,
30, 1946 to help the company
1,000
LrUUU-
__
Mason-Hagan, Inc
Investment Corp. of Norfolk
Miller &. Patterson--
i
be
vfersely
,
6,500
(a)
and
volume
and
in
exclusively in-the phonograph
.'Many of the problems which
1,000
4,500
for
will
basis
current
dependent
„
Davenport & Co
and
prospects
.Corporation
No. of-
IncA-'
Felt",: President,
.• AC-y*t-v
^The proposed plan
•
its
.ft/ft'ft /'ft/Aft'
R. S. Dickson'& Co.,
M.
part":
sound
.
Shares
6,500
Galleher & Co.,. Inc._
in
Aftft
of
31,
—
IfVihg
-
■
number
Shares
to
Patents
v-semi-annual .maturity/,
UNDERWRITERS—The
'
.
tCurrent assets
Claims for refund
recapitalization
a
consolidation
the
the
from
'
Proceeds
ft ft/ft
!
Corp.
ASSETS—
Term
on
DEC.
1940-
(After Giving Effect to Proposed Plan in its Entirety)
Fixed
anvadditidnal'$75,000 each six-"months' on -..the' due' date of the regular
provided 30 days prior notice is given as to
any such, prepayment,, and further provided
that such prepayments
"shall be applied to the last maturities in inverse ' order. ftft
for
in
PRO-FORMA
.
-Recapitalization and. Re-
10
DEFICIT
—..L-
Division
1946.
»
3,550,916
Aft;six -months, .with, the,balance.maturing at the end of
The company will have the privilege of
prepaying, without
.
Radio
v
March
EARNED
months ended Dec. 31,
deficit
Division
,
Recording: Corp.
:,The stockholders will
OF
was
sold
on
Oct.
21, 1946v' Also includes th»,
on
the sale
of Union Aircraft
Froducts Corp,
in the amount
$268,593 of which $150,451 is reflected in earned surplus deficit
prior to June 1, 1946 since this amount represents the decrease in
equity as of that date based upon the net loss of Union Aircraft
f- r--
financing Plan Proposed—
\
,t
effective, 470.5181
capital would bo
working
and
•
,
-
Proceeds
Musieraft
•
outstanding
become
of
Cash
Company is obligated, to take $2,500,000 of the term -loan within
three months from the date of such commitment agreement,' and
the remaining $500,000- thereof may be taken by the
company at its
option at any time prior to July 31, 1948. / './ft; Aft".
plan
ldss
'
;
be
proposed
1946, of tho
of $420,300 (of which amount approxi¬
mately one-half is represented by the loss on the sale of this Division).
.
<
the
—
'ft
$398,532
221,520
seven
^Includes loss
.
Net
j
Net
would
deficit
Total
_
$4,118,495 $54,401,764 $48,330,702 '
3,013,431
42,877,433
32,601,615
•706,532 ft 5,563,388
10,533,385'
361,074
simultaneously
of
$1,082,884.
loss for
Previous
A
J Operating
terms
STATEMENT
ii
division of Morris Paper Mills under its
present man->
by W, E. Hardie.—V. 164, p. 2833.
ftv
ft/.. <
A;;/Period
All
shares
improved
-
/v.-.
if
common
Radio
*
of Virginia,
term -loan
of Chicago." 7.
Foreman M. Lebold, President of
the acquisition of the Imperial plant".
that
>.
Thus
,
■v.
a commitment
dated Jan. 20, 1947, pursuant
•5'V^v id-Which an authorized term loan of $3,000,000 will be made by the
//• • /Insurance company to the company,
Company intends .to. borrow
With The Life Insurance-Co.
stated
<7> A terra loan in the amount of
$250,000 would bring in $250,000
;
:
the
End. Dec. 31— /.ft* 1946—Month—1945
1946—12 Mos.—1945
;
Operating revenues //.-J; $4,697,031
$4,127,497 $54,538,305 $48,414,697
tUncollectible ofter. rev."
14.671, ft: ft 9,002
136,5)41 f
83,995
agreement,
/ft/ft TERM LOAN—Company has entered into
f
purchased
announcement,
Mills,
agement headed
popular'
on
merchandise.
staple
of
this
in
efforts
"
'
cash.
has
.
..;'4";Vfrom the.catalog mail order division, approximately*one-half of the
/ft/ftvolume of this division being M response to the Christmas catalog.
plans
Paper
that" it
substantially the converting capacity of the company- for the
of
^folding paper boxes as well as providing a third manulacturing location. ft./...i;,
v,:ft //ft/.... / ft ft ft.,../ft,
•.//.•>
:, ,••/', y
>:■
Morris Pap'ef Mills operates a
paper board mill and box factory at
Morris, 111., and a box factory at Marlon, Ind. The. Imperial
plant will'
ftft; who reside largely in the southeastern area. Approximately 4% of
/ft'its gross sales for the fiscal year ended Jan.. 31, 1947 were derived'
/•/ Company
announced
production
1946,,four major catalogs and three
to approximately
115,000 persons
During
this
mfcing
.Morris
the company's-,
merchandise
division^
order
mail
Chieago—Acquisition— !
20
,increases
order
created'within
then
was
experienced
an
of
building at. 2220 West Broad Street'
a
efficient
more
July
Feb.
on
operating assets of the Imperial Box Co.
In
.
■Aft;'/ acquired through stock purchase
•'a, suitable
in
and
ft
1195
National
i
Khe
buildings
Report—Frederick
Jan. 28 said in part:
7
'
Aviation; Corp,—Annual
F. Robinson,
President,
on
wMeh
it
is
distributed
a
stockholders
the
to
Total dividends paid
last year.
;
the year ended Dec. 31,
1946 amounted
to* 1.35 per., share.
Of this amount 35 cents per share was paid
frbm
net
ordinary
income of the
corporation and
is taxable to
recipients for
Federal
income tax
purposes
as
ordinary dividend
income.
The balanee of $1 per share was paid from profits realized
from
the
sale
of
dividend,"
purposes
tlnN
as
they
thereon
The
a
may
at
securities
present
rates
asset value
net
inebme
tax
of
non-recurrent
a
is limited to
25%.
to $18.01 on Dec. 31,
share amounted
per
Dec. 31,
on
1945.
1946,
for Federal
allowances
No
OTHER
appreciation have been deducted from the '
values indicated.
»
\
/
corporation did not buy any of its own capital stock in 1946.
However, it intends to purchase shares of its own stock, from time
to ttime, as conditions warrant.
:
\
* *
*•■".'
The number of stockholders of the corporation Dec. 31, 1946 wasnet
asset
.
..
The
•
3,739 in comparison with 3,407
a
STATEMENT OF ORDINARY
year
,
ago.
INCOME AND
Years Ended Dec. 31—
Incbme
cash
from
Interest
1945
1946
dividends
$210,925
26,252
Tbtal income..-.—.—.-,
-
$337,799 *
$237,177
income
MbMagement
SURPLUS
EARNED
$352,787
expense
14,988
57,262
28,78'8
$271,617
1,559,072
Prrtlit
Net
from
sales
of
securities
j-
(net)
adjustment prior years' items---.
•.
52,382
'23,895
expense
ENCUMBRANCE—In
National
Br659
"
lien
the
to
addition
Co., Tulsa,
Dividends
Income
tax
security
on
-
Operating
at
Dec.
31———
COMPARATIVE
.--.-.1—..
Cash in banks) and
U:., 15. Government
——1
—
602,741 ;
/
Net
BALANCE
DEC.
SHEET,
•
Transfer
;
$1,559,073
Reduces Dividend Rate—
and
Co.;
cost)—x_—-
(at
January—
Gross
Net
Net
receivable—
1,425,130
5,905,946
50,000.
,
jv 50,000:
7,823
1941
855
2,627
$8,142,346
$3,997
203,316
!jjjj-i;
$5,478 :
^
i
tm
$8,335,276
j,
$8,142,346"
>
j
.
assets
of
of
41
as
in
cents,
31,
1946.
'
"
Corp.—Annual Report—
ordinary
paid
capital
a
of
December
dividend,
report
the
source
INCOME
in
income,
,' j
;i7
7
security
decline
that
in
profits
asset
value
57%
of
this
In
addition,
during 1946, 30 cents
increase
1945.
divs.
General
tration
and
•'
Net
v
Other
with
Securities
than
share
25
cents
1944
$423,570;
61,933
i
1,210
3,815
.
2,653
,
$521,336
j.—v496,&14
",$360,096
$356,269
"359,099
in
banks;
$502,432;
31,
meetings held
Service
on
Corp.
Linen
Feb.
of
26, the stockholders
Texas
Service
approved
Corp.
—V. 165, p. 214.
The
the
merger
!
fixed
—————
deductions
total
The directors
pav
on
Feb.
value
24
declared
common
r!^r(UMarch 8-' Payments in
arm
Dec.
14,
share,—164,
p.
85
cents.
2960.
Naticmal Realty
each
of
of
of
effective
the
the
in
the
same
and
loss
fiscal
business
860,483
$33,525
Oil
Co.,
1939,
1940,
its
on
and
which
name
plant
properties of
was
located
are
organized
at
Tulsa,
an
on
manufacture
and
sale
bolted
gas,
and
welded
tanks
steel
and
company distributes certain
fiscal year ended Oct. 31,
the
products
The
to
H.
Davis
;.j.
&
■")"•■.
No.shs.
Co.
Inc. j
Inc.—1
Reinholdt
Kalman & Co.,
Inc. r_—
6,000
j—
10,000
Morgan & Co.
'
Rotan,
—2,000
Inc.
,
—1
and
featured
Simon & Co.
R.
Staats
—
Co.
—:
&
Stroud
Co.
Gross
Net
from
in
win
7,500
ry.
1947
^
.
'
stock,
a
dividend
payable
1946 were
Total
as
paid
of
15
March
cents
22
to
follows:' Oct.
in
1945
was
share
per
holders
of.
12, 15 cents;
45
cents
per
'
-
■>
Developments, Inc., Cincinnati, Ohio-
trust
gees approved
companies, and
Period End. Dec. 31—
;;
bearing interest
from
Jan.
1
1947
The
$iaMoanint°Pr^eSrf
The
*ne
trustee
net
ne^
to
T(Wis')': tr"stee. Denominations
nrnpppri^ Pay^bie Jan. 1 bonds
proceeds of this issue of and July 1 at office of
refund
will
the
unpaid
balance,
^,or^a8ed loan« made
original aggttgate
asso¬
•6,000 ■:
principal
corpbraUon^mi
fifVZWp^n L
the corporatfon. ^
eluded
in/the lien
by
amount
$196,662,
the
of
be
of
corporation
naid
two
4n
,
?e?ure?
the
out
trustee.
bv
thi*
by
a
indenture
valid
are
a
meeting of the board of directors immediately following the
meeting the following officers were re-elected; Oscar J.
Chairman of the Board: Rudolph C.
Dick, President; Norman T.
Thomas and Paul B. Welles,
Vice-Presidents; Charles F. Allen and H.
Leland Strickland, Jr.,
Assistant Treasurers; and George R.
Controller and Assistant to the President.—V.
Onody,
163,
p.
1162.
oper.
ended
Feb.
1944
in
the
all
and
direct
closed
other property of
of
the
land
and
—V.
165,
cu.
16,829,000
cu.
21
ft.,
week is
or
reported at 199,230,000
9.23%
ft. for the corresponding week
New
Haven
Gas
a
cu.
ft.,
an
above production
year
ago.—V.
of 182,401,000
165, p. 1072.
Light
Co.—Plans
Private
Sale
of
£
-
' 1946—12 Mos—1945
,/■■
$
$
620,844
43,961
'
,■ ■ ■;?,
299,208,18®
403,36T
27,398,859 334,164.311
333,543,467 298,804,819
29,879,147
27,354,898
20,753,595
—
17,460,003 234,225^93
2,182,984
56,142,494.
4,048.988'
7,711,911
4,032,383
3,148,468
43,175,180
88,292,06739,542,081' 28,916,60®
-
340v
1
Western
&
Ry.—Plans
The
stockholders
preferred
The
and
equal
will
vote
outstanding
shares
voting
May
stocks
common
has
company
1,406,483
with
and
of
on
a
215,902
common
power.
8
on
stock,
Split-"Up oft
\
a
'
,
■
split-up botte
proposal to
four-for-one
,
"VV
•.
4-for-l
Common and Preferred Stocks—
the
186,000J55T
74,512,19®
5,076,564
basis.
shares of $4 preferred stoc*
both of $100 par- ntalue :an®
-
The
Pennsylvania RR. owns" 125,250 shares of the preferred *iwt;
216,700 shares of the common stock, while the Pennsylvania Co^ a
holding company subsidiary of the Pennsylvania RR., owns 6,542 share*
the
preferred
and
382,621
shares
cf
the
common
stock.-t~V.( 164*
Northern Indiana Public
capital
1869.
Co.—Public (Invita¬
Service
tion for Proposals for Purchase of Outstanding
Common Stock—
Midland
Shares of,
Co., Midland Utilities Co. and The Middle West
inviting proposals for the purchase of a minimum of 380,831
of 384,026 shares of common stock (no par), of tji®
company, the exact number of shares to be determined by the sellers
Corp.
and
at
a
the
Realization
are
maximum
time
of
opening
proposals.
The shares offered are ieutstanding
shares owned by the sellers. No shares
company, subsidiary of United Gas Improvement
Co., has asked
the SEC for
authority to issue and sell $2,000,000 first mortgage 2% %
bonds, due 1972, to eight banks. Proceeds would be used to
pay for
increased production and
storage facilities and for other
p.
.•' j;yM'ir
81
-The
penditures.—V. 163,
;
21,
ago.
increase of
"109,060
,
50,317
rev.,,'
charges
P.
Norfolk
Association—Output—
the Association reports electric output
of
14,204,230 kwh.
This is an increase of 2,097,106
kwh., or 17.32%
above production of 12,107,124 kwh. for the
corresponding week a year
Gas output for the Feb.
,y„
$
operating income
after
of
New England Gas & Electric
ordinal FHA
obligation of
Net
Net
At
week
"179,591
"275,361
38,273
"25,93(1
Co.—Earnings—
29,929,464
revenues
Operating revenues
Operating expenses
Operating taxes
■
Bonds—
estate, buildings, and
of
of $500
$205,200
°f COll"sel'' are the direct
the
First
Co.—New Directors-
Ives,
the
$727,690
2,000
__
stockholders
For
V
1946—Month—1945
^ ...
Operating
Uncollectible
Rudolph C. Dick, President and Treasurer, on Feb. 20 announced that
at the annual meeting of the stockholders
held Feb. 19, 1947 the fol¬
lowing directors were re-elected; Henry p. Benson, William D.
Chappie,
Rudolph C. Dick, Oscar J. Ives, Manton B. Metcalf,
Jr.,, George S.
Parker and Dudley L.
Pickman, Jr. New directors elected were Clyde
J.
Heath and George R. Onodv.
Also Rudolph C. Dick was elected
Treasurer and George R. Onody,
Corporation Clerk. Stuart, Watts &
Bollong were selected as auditors for the coming year.
•
^
«
offered solely
and loan
other
qualified mortga¬
by the Federal Housing Administration.
^ec'i
aH4
were
insurance companies, building
1944
$545,805
•
.".V-.-y
New York Telephone
f
,
;
"11,389
"82,051
j
1945
$50,358
44,075
income—j
165, p. 688.'
oper.
rental
Ry.—Earnings—
1946
$657,876
„„
Cotton
ta
sections of the country where feasible
conditions, It was said.—V. 165, p. 340.
"Deficit.—V.
6,000
7,500
.
Steam
several
other
railway——
railway—,
from
Net
7,500
Walston, Hoffman 81 Good
Watling, Lerchen & Co.
Naumkeag
of
New York, Ontario & Western
January—
5,000 v
2,000
—
Inc.
year
the
The company hopes to make future investments in
,
—
& Co.,
the
-',-1; j;•'= \
subjects of interest
•
discussion
a
including
housing developments
4,000
"
165, p. 1072.
report
2,000
Stix
•
beginning of 1947.
The
construction.
2,000
M.
mutual
a
of
nearing completion, and at Fresh Meadows, Queens, N. Y^ where an
entire residential community to include about 3,000 apartments is undexf
,
More
Stern Brothers & Co.
is
.
company's entrance in 1946 upon a-longrange program of investment in housing developments to be owned,
operated and managed by the company.
The first two such develop¬
ments are at Princeton, N. J., where 150
garden-type apartments ara
____1 3,000 '
Gardner
&
Mosle
William
2.000
———.
Piper, Jaffray & Hopwood—V.
28.
-?
policyholders,
Co
land
11,000
—
the
at
number ;
I.
Newhard, Cook & Co.—7,500
Paine, Webber, Jackson &
Christen-
&
—-
York Life
New
of the Servicemen's Readjustment Act the company made 1,721»
mortgage loans to veterans in 1946 aggregating $12,009,039 and had
2,712 mortgage loan engagements to veterans in excess of $21,000,00®
by
casing
Shillinglaw, Bolger & Co.,.
-
Curtis
Pierce
The
sions
No. shs.
Rauscher,
5,000
1946.
paid only to policyholders./
holdings of bonds at the end
are
reported
'
-
of
and dividends
company
under state laws and local
.
25,700
California
Lester & Co. j
the
,
company's new investments began to reflect the increasing demand for
by private industry," Mr. Harrison noted, pointing out that in¬
in corporate securities increased by more than $118,000,00®
during that period;
•' v' //j'X
Holdings of iirst mortgage loans on real estate were valued at $335,772,452 on Dec. 31, 1946. About one-third of this amount comprised
mortgage loans on residences for amounts of less than $10,000, suc)b
loans numbering 26,980 and aggregating $107,164,200.
Under the provi¬
v.jj ■/;--C 'JX.
j.''
——
$8,543,308,413k
totalled
vestments
cor¬
11.7%
1946
funds
wooden
surface
distributed amounted
of
end
aggregating $3,317,261,757, with United States Government obligations
amounting to 61% of total assets. '"In the second half of 1946 the
manufactured
1946, sales of
so
the
.
company
reception and storage. In addition to the products manu-
the
In
and
at
compared with $38,895,341 for
In the producing fields of the petroleum industry. The
;
manufactured are
separators for crude
oil
and
treaters for tak'ng oil and gas out of petroleum emulsions,
oil
force
in
terminations, the report said;
\ j j, —
•
J
; v'X
to policyholders and beneficiaries during 1946 aggregated^
Of this amount, living policyholders received $110,293,027
and the 'beneficiaries of 19,782 policyholders who died received
$79,—
501,064.
:■■'•.
'•
j/.;^
'
"; '
j; jv-•
The provision for 1947 dividends to policyholders is $41,730,229, as
certain-^
of
insurance
general contingencies.
Payments
products
for
Life
insurance
and
annuity
which amount constitutes
exceeded
$231,038,632,
$189,794,091.
20, 1926. *
Another plant
"
the
$4,026,689,280 on Dec. 31, 1946, It
annual statement by George Lw
assets
of
and
Oklahoma'
President.; The
1945.
The gain "in total insurance
in force in 1946, amounting to
$564,115,313, was the largest in the com¬
pany's history and reflects the increased sales and also a low volume
April
Okla.
in
"
>
during the year
47.5%, over the .volume of sales in
then
1938
"
■
record."1 Sales of new life insurance?
amounted to $832,484,000, which was $268,303,900, ot
1943,
stock
1941
common
*
under 3,561,355 policies, a new high
.'-'V). 'iV-
\
Inc. above.—V. 144, p. 45H*
"
the company's surplus funds held for
the j
on
-
re¬
Co.-j-Life ; Insurance
v—
totalled
company
and other liabilities by
reserves
wholly owned sub¬
sustained on
a
■"
•
Co., Inc.— ' 5,000
Hornblower & Weeks — 11,000
:
Life i Insurance
.
this
of
Harrison,'
510,684
sustained
$1(0,521
•
award,
wage
reported in the company's 102nd
was
loss of $116,872
a
years
and
latter into '
i
532,990
v
' $26,317 >t$6,279.157!
^Figures restated ,$o include retroactive
taxes/etc.—V.165, p. 941. V." •, "*
Assets
.
incorporated in Nevada Oct. 8,
was
sales.-
sen,
,
of
dividends
in
Electra, Texas.
is engaged in
Peters, Writer &
Feb.
414,631
.
,4,970,272
..
Walmar
the
$40,000
of
office
■
Paul
this corporation and
merger
Housing Administration. These bonds
ciations,
t$2,696,787
prof, taxes y -$116,239:
excess
Force at New High—
t509,499
7598,228
UNDERWRITERS—The names of the underwriters and
of shares to be purchased
by-each are as follows:
>■ j
stocks—
common
Bonds Offered—B.C. Ziegler &
Co., West Bend, Wis., on
^Feb. 4 offered $196,500 first
mortgage 2^%-3%% sink¬
ing fund bonds at prices to
yield from 1.25% to 3.25%,
according to maturity. Bonds are insured
by the Federal
4
1,358,76T
f 179,539
" '168,230
-3,411,281; .3,414,140
—
—
New j York
:
*217,661
352,641"
"
246,777
323,004
354,008
;;
National Malleable & Steel
Castings Co.—15-Cent Div. V
no
$3,617,137
r'
—
...
See Consolidated Edison ^o. pf New York,
501,852
v
5,208,471.j
,
.
the
income-
—
—
<m
—
from
4,492,290
$2,10-1,290 t$4,194,17ff11,455,847
' 1,497,383
....
charges j_—_.—...
$1,656,887
"
-
New York Edison Co., Inc.—Redemption of Bonds—
■■
,W-
Income
j $325,277
"l.
4,232,636
a
pipe which is the principal item
First
became
.
stock
Bateman, Eichler & Co.___
in
of
Includes
company
others.
1946
investments
the
of
all
of
iactured,
444
6,552)
of
Cash
to
located
heaters
of
DEC.
♦Net
>.
'764,617
•
4,250,733
-
t7,307,738
1941,
paid
company
natural gas,
National Linen Service
Corp.—Consolidation-—
At
X.
^Includes Fed. incomb and
'
619,568
!
2,869,940
-'"r-T
principal
;
56,478
cost, $10,454,291; receivab'.e for capital stock
sold, $50,356; dividends
receivable, etc;, $27,209;, total, $11,034,288. ■
•
•
,y
^
LIABILITIES—Due for capital stock repurchased for
retirement,
ri'i^:„r®serve's for exlJenf-es, taxes, etc., $14,704; capital stock ($1 par),
$1,304,948; surplus, $9,310,450; total, $11,034,288.—V.
164, p. 3147.
National
—*
tDeficit.
were
for
22 % %
of
tanks for oil
SHEET,
i
products used
1945
—'
BALANCE
Income
The
368,927
capital gain dividends of $676,674 (1945
$562,424), of
which $293,013
(1945, $221,124) in cash and $341,300 and
$383,661
(30,574 shares) in capital stock (1945,
$383,661 or 28.418 shares).
'•
LitMin
•
■
——
income
Miscellaneous
shown
as
which
Principal
$422,065
taxes)—
Omnary dividends
income
poration
regis¬
Act
income
income
ASSETS
-
Total
4
BUSINESS—Company
YEARS
609
"Exclusive
*
railway .operating income..
income) •
Tota)
now*
$402,365
;<•
2,396,440
>
7,454,729.
succeeded
$606,343
Income——
connection
under
(other
•
.
The cash dividends for these four years are equivalent
12 cents per share on the 330,400 shares of common stock
presently
outstanding. The first quarterly dividend of 20 cents per share on
the presently outstanding shares of common
stock was paid on Feb.
1,_ 1947. .
V
vj.'.
y
f-
for
80,582
interest
1933
Tqi*es
expenses
reVenue from railway operations——' $8,601,516
♦Railway tax accruals
5,021,528
Equipment and joint facility rents—
* 1,418,698
to
is
CALENDAR
expense
Expenses in
operating
-Net
outstanding.
the
per
the
over
j——-J >'
-DIVIDENDS—In
dividend
1946
Cstsh
—v.——
——„—_
the
V
STATEMENT FOR
shares
Fed. Taxes "
-
t4,271,777
t5,849,711,
t5,842,486
1945.
or
and
stock.
capital
20%
a
from
the
indicates
company's
to its stockholders
investment
p»W from this
in
gain
The
shares
company distributed
frofcn
71,630
1947
•.
J1946
$55,995,504 $51,112,133
• 47,393,988
4S,455,252t
revenues
Railway
j v v'
JCompany reported renegotiable sales of $837,153 in 1942, $2,832,514
in 1943, $449,601 in 1944 and
$769,843 for period from Nov. 1, 1944 to
March 31, 1945, the approximate termination date of the
company's
war
contracts.
Company was not required to make any refunds in
1942 or 1943, and believes that no refund will be
required for 1944
the
6.7%.
was
paid
-
$1,01*,60S
'
376,420
,
155,050
January—
Net; income
'-NetBefore
sidiary. Net Income for 1942, includes
liquidation of Waldmar Oil Co.
l.:
:
,
year
of
operating
"
tNet
.
wars
1944
$1,235,698
'653,424
.
of ■'.•
Co.
Trust
139,700
AND EARNINGS
4,090,313 ;
—.
"Net
Dr243,12
corporation increased to $18,212,758 on Dec.
31, 1946, from $17,966,511 on Sept. 30, 1946, according to the annual
report. A year ago net assets were $17,655,364. The asset value of
th« company's capital stock on Dfec.
31, 1946 was $10.68 per share V
which compares with $10.80 on
Sept. 30, 1946, and $11.89 on Dec. 31, '
designated
142,767
income—
688.
Railway
lated
$1,648,947
3,097,427 V ' 1,720,175
payments
1,559,072
Dr243,127
fMarket value bf stocks and bonds hi portfolio at Dec.
$4,914,925 and at Dec. 31 1945, $11,413,975.—V.
164, p. 956.
Exclusive
.,
(Including all Leased Lines)
Month
is after deduction of the following royalty :
charged to selling and administrative expenses:
1939, $86,659;
1940, $104,676; 1941, $143,020; 1942, $164,788; 1943, "
$233,024; 1944, $240,738; 1945, $289,878; 1946, $278,559. X 7 ;
;j
-
4,139,369
1,845,348
1__—->■<
Investors
the
V: Sales Cost
$2,742,588
1946
2,386,373
1
4,139,369
1938—---
—
—J
>944
v
X .295,181
2,383,373
——
Sales
_z_„—j_
sales
net
oper.
165, p.
;
1945
'"1946
$746,502
295,014
105,038
.
$861,896
333,971
'
v
';■
SUMMARY OF SALES
4
j
—
1945
—
include
shares
'-'7::.
1942
,
1945.
.
1943
"Represented by 30,800 shares.',
outstanding
1940
$8,335,276
Total
The
:.v.
6,067
(par value S5 per share)—i
since Jan.- 1,
common
Years Ended Oct. 31—:.
j
surplus
Earned surplus
■-v
,
1939
-
Accounts payable and accruals—„——d
Reserve for taxes—
The
railway
railway
RR.—Earnings—
New York Central RR.—Earnings—
v
'
rJi:Z
"■Treasury- stock
authorized
$750,820
2,429,521
i.__„—
MABILITIES—
National
ry.
^1947
'•
from
from
—V.
consists solely of 500,000 shares
stock (par $1) of which 330,400 shares are out¬
offered.
v:
■
■4,999,921
cost)-
avge.
expense——
Total'.
PaM-in
Continental Illinois National JBank.&
t
I •'
Offered—As
Okla.—Stock
17,577,27s
10,149.945
9,174,924
/
New Orleans & Northeastern
,
Weeks; Paine, Webber, Jackson & Curtis
Agent:
standing.
1945
$848,912
(at
portfolio
interest
Deferred charges to
Capital stock
13,995,497
:
'■■•;v":".X
The directors on Feb. 18 declared a first-quarter dividend of $1.25
per share, payable March 31, 1947 to stockholders of record March 10,
1947.'This dividend, it was announced, reflects the current earnings ot
the company and compares with $1.50 per ; share paid in each of the
four quarters of 1946.—V. 165, p. 688. v1'
'
:
CAPITALIZATION—Capitalization
>
of
31
1946
hand—
on
in
-
laftstment' in National Aviation Research Corp.
f75% owned)—at cost
——w
.
1,375,454
868,343
1,268,944
803,014
operating income
charges—.
after
Net
Chicago. Registrar: Harris Trust & Savings Bank, Chicago.
1,004,568
$1,845,348
::
securities
tSAtcks and bonds
Dividends
taxes
'
•
•
ASSETS—
10,307,226 128,913,945 114,946,393
7,693,907 105,154,199
82,774,270'
1,237,865
9,764,249
14,594,845
11,447,808
9,359,177
819,687
Operating revenues
Operating expenses
139,700 shares of com¬
mon stock
(par $1) at $12.75 per share. Proceeds go to
selling stockholders. Further details follow:
7
-rV:7
281,089
195,047
paid
Balance
1946—Month—1945
1946—12 Mos.—1945 •*
$
"•».
$•'.-<
$
•••;
11,478,628
10,329,139 129,147,417 115,107,272
; 30,820'
■
21,913
233,472
160,87a
•••/'.
.
revenues
Uncollectible oper. rev,_
and associates on Feb. 20 offered
$2,844,729
profits-
...
Telephone & Telegraph Co.—Earnings—
31—;,v
Dec.
Operating
.
Estimated Fed.
fend.
Period
;
the
to
issue of Feb. 24 Paul H. Davis &
our
Hornblower &
r"2'4d7
$2,643,136
Tank
mentioned in
''"',876,975
1,693,730
;
928,703
j.
Boulevard
Wiltshire
subject
to
.
$156,020
Corporate
New England
project v
housing
rental
its
comprising
and
Drive
purports
property Included in
the lien of the indenture under which the bonds are issued, the cor- poratlon owns five apartment buildings located on Forrer Boulevard
just outside the corporate limits of Dayton, O., and prior to this
and other simultaneous financing, encumbered by mortgage originally
issued in principal amount of $100,600 and was outstanding in the
principal amount of $96,236, as of Jan. 22, 1947. Simultaneously with
this financing the corporation will Issue $96,200 first mortgage sinking
fund bonds for the purpose of refinancing said loan.
The corporation was incorporated in Ohio March 24, 1944 with an
authorized capital of 100 shares of stock
(no par) which were sold
at $100 each.
j /
...The corporation acquired two sites in the Dayton area, eligible for '
rental housing projects, and through ther medium of
jFJrlA financing,
multiple family housing units were erected theredm V: r -1" •/
j5 . :1'
unrealized
on
corporation
Rae
San
on
indenture
>
is
taxable
to
recipients
for
Federal
income tax
long-term capital gain, irrespective of the length of
have held the stock of the corporation, and the tax
compared with. $29.81
as
is
and
„
nature. This
having been designated by the corporation as a "capital
latter amount
gaiffl
during
.the
of
in Dayton, Ohio.
thereof fixed and
movable
equipment owned by the- corporation located
within thepremises and used or furnished in letting or operating the buildings.
^The property mortgaged to secure the bonds is located on the east ;
side
of
San
Rae Drive,
north of Wiltshire Boulevard in the area
known
as
"greater Dayton"- just
outside the corporate
limits of
Dayton, O.
The site has a frontage of 625 feet on San Rae Drive
and a depth of
150 feet.
The grounds are attractively landscaped.
The three
14-apartment dwelling units located on the mortgaged
site
were
erected r in
1944.
The buildings
are
of the garden-type
design with exteriors of colonial red brick, and are largely fireproofin construction.
Each building is two stories in height.
Each of the
42
apartments has 4*/2
rooms,
namely,, a living room with dining
alcove, kitchen, two bedrooms and a bath.
-The total of present monthly rentals for this housing project com-v
puted on a 100% occupancy basis is $2,940. This computation is on;
a basis of $70 per month rental for each apartment.
Rentals of these
apartments are currently subject to the approval of OP A.
\
N
located
The
regulated
investment company under the
provisions of the Internal Revenue Code and is qualified to be taxed
such for the year 1946.
Accordingly, the corporation will not be
subject to Federal income'taxation on that portion of its net income
corporation
Monday, March 3,194?
COMMERCIAL & FINANCIAL CHRONICLE
THE
IJ96
Proposals
Trust
March
Co.,
10.
will
be
received
140 Broadway,
—V.
164,
by
New
pi- 2412
are offered by
-
-
.
ex¬
.1
Northern Indiana-
the sellers at the office of Guaranty
York 15, Ni Y., up to 11:00 a.m. ESTi
! .[(Continued on page 1233)
'
4u
/
'/ja/
"
.
-A
Volume 165
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4573
'
«
*
'
'
'
"
«
'
»
•
1
'
f.
•
■
.
1197
■
Stock Record «» New York Stock Exchange
/>/
DAILY RANGE OF PRICES > //>////j WEEKLY VOLUME OF TRADING
YEARLY RANGE OF SALE PRICES
LOW AND
HIGH SALE PRICES
Monday
Tuesday
Feb. 24
Feb. 25
I per share
I per share
76
Saturday
75%
Feb. 23
$ per share
;
'
.
76%
72%
•90
"■r:
48 %
48
48
16%
16 %
16 '/*
16%
48 %
35
*111
9%
5%
5%
9'/4
47%
48
47
15%
16
16
4&
48
34
9%
9%
*48
9%
36%
35
113%
5%
5%
Acme
Adams
Steel
46% Feb
19
55
Jan
26
37% Feb
Admiral
6,000
Air
Corp
&
4,300
Alaska
Juneau
29%
29%
30%
30%
30%
3,000
Aldens
Inc
99
99%
99%
99%
99%
160
*60
4%
4%
*59
62'%
4%
4%
4%
4%
4%
39%
36%
37%
37»%
38%
*37%
38 3/4
47
45
*101
105
*102
*21
22
61%
61%
100
21%
175
169%
*58
46%
.
62
45
45%
*102
105
62
44%
105
21
21%
*59
45%
433/4
;/ *21 %
2iy8
*21%
168
170%
172'/a
20% '
20%
20
20 y8
21
21
33%
33%
33%
33%
33 %
33 y4
33%
33%
36
T
36
35%
36%
*100
ioo y2
34%
35%
343/4
35 V*
100 y2
100'%
100%
37
98%
97%
97%
32
31%
31%
31
7%
*7
36%
*97%
31%
7%
7%
7%
*49
/
*50
52%
34%
35%
*96%
77%
76%
78
43%
42%
43%
10%
11
74
75
97
30% "
7%
7%;>>
52%
*47
78
42%
52%
78
42%
*76%
,42%
1
Allied
Mills
Allied
100
3'% %
conv
Amerada
Amer
72%
4,600
3%%
2,600
American
*75%
76%
*75%
76 Va
76%
American
No par
32% Jan
3
30
Jan
16
99% Feb
18
—100
Mfg
15%
41%
43%
43%
126%
126%
126%
6%
6%
6%
6%
6%
7
15
14%
*15
6%
76%
10
■15
15
15%
45
45%
•'
"-•;
6%
6%
Co
94
94 y2
95
187%
185
53%
Am
American
109%
*ios%
109%
*108'%
xl44 f
147
%
5%
24 y2
22%
22%
*98%
40%
41 %
99
16%
19 %
18'4
99
5%
6
*
16%
110%
in
111%
23%
23%
22%
5%
:
*97%
99%
40
40 y»
39%
39%
x38%
97
39
>;>
6'/«
V
16%
X
53/4
7%
7%
54%
52%
.29%
28%
29%
28 Va
29i/4
28%
10%
10%
9%
9%
9%
9%'
9%
7%
7%
7%
7Va
7%
; •/;
16
16
50
13
43% Feb 24
Jan
29
.'44
Ty
75
Apr
91% May
53% Jun
1
8'/2 Jan
16
11V4 Feb
21
100
67 V* Jan
14
75
Feb
21
57% Nov :
743%
Dec
10
25% Jan
16
31
Jan
7
25%
Oct
45'%
Jun
75
Jan
22
7
72'%
Oct
88'/a
Jun
30
Jan
64'/a
Apr
13
77% Jan
17% Feb
No par
41% Jan
13
50
100
126% Feb
15
1
5% Jan
16
90 '/a Jan
3
25
Corp
13
1
Co
Corp
&
Fdy
>185
100
100
193
Jan
28
184
/Dec
210»/a Mar
42
* Nov
723% May
132% Mar
40% Jan
1
■
96%
28% Feb
*103
112
11%
>•
:
.
11%
Nov
13
13 %
13%
8
110
Feb
6
104'%
Sep
<150
Feb
26
156
Jan
9
120
Jun
26 V* Feb
7
17%
Sep
Oct
>164'/a
13
34'%
Apr
16
4
20%
95'% Jan
*37
Jan
22
,/ 24
Feb
99
13
97'/a
Feb
46
/
Jan
Sep
Dec
6% Feb
7
15'/4 Feb
6
16% Jan
31
13%
16
20'/a Feb
17
17%
8
; / 5 y8
.
Nov
5% Jan
15
5%
Foreign Power
No par
No par
29
115% Jan
100
11%
19
Jan
13
251% Feb
8
18
Oct
//>■
300
$6
No par
96% Jan
16
101% Feb
7
>90
39
-•••}•
1,400
10
38'% Jan
13
40ya Jan
27
Sep
Sep
7% :
7%
American
American
1,900
Hawaiian
Hide
S3
Co
Leather
&
109% Jan
1
6'/a Jan
6% Feb
6
8% Feb
6
37%
3
Oct
*114
117
13
*114%
1,300
11%
11%
1,700
>
i3y8
400
American
9,700
'. American
*13
27%
26%
*115'/a
Feb. 25
Feb. 22
non-cum
Corp
5%
yyy
,129% May
44'/a
Oct
16
10'% Jan
24
Sales for
;
/
-
Jan
4
No par
10% Jan
12% Jan
of
Co
2
111
Locomotive
/.
,
106
No par
24'% Jan
4
Jan
99%
Jan
63
Jan
35%
8'% Sep
113% Feb
20
12% Jan 31
14
13
100
Nov
18% Mar
Jan
118
30% Feb
116
93% Sep
11% Mar
18(
Jan
May
Jun:
l63/a
15 %
227/a Nov
10
111
9
Jan
>>y>
stocks
new vork
,
106
14
1
100
Jan
12%
X
31% Dec
X
May
553%
•
Invest
the Week
Feb. 28
8 Va Jan
,
Apr
118
Oct
44%
8.
10
preferred
vy/4: >yy
Feb. 27
Feb. 26
53% Feb
x34'/a Jan
preferred
Internat
7%
Friday
Thursday
Wednesday
Tuesday
Feb. 24
16
26
No par
Ice
Amer
115%
LOW AND HIGH SALE PRICES
Monday
Saturday
Jan
28% Feb
50
6%
27%
115%
.American
49
1
preferred
conv
American Home Products
9%
*106% 112
26%
117
6%
7,100
9%
X
13
.
29%/
*115'%
27%
26%
27%
117
y
11%
13
300
53%
Feb
Jun
28% Aug
14% Jan
•
Sep
No par
preferred
5'/a Jan
14
$7 preferred
Jun
July
75..
23%
Sep
'
Amer &
Jan
108
Oct
16% Jan
1
40
32'/a
/
41'/a Nov
6
$7 2d preferred A
53%
112
*11
11%
13
13
27 y«
28 Vb
27%
*114
10%
11%
9%
Jan
Jan
1,700
28%
52%.
29%
*106
112
*106
112
*106
11%
*51
55
Feb
106%
->
Oct
2iy8
*
10
17%
/
20% Jan
_No par
Inc
;y Oct
Oct
Feb
107%.Tan
100
Tiling
4 79
115 V* Jan
10
Encaustic
8
X 54% Feb
20
20
Sep
Feb
3
X144
stamped
5%
X137
98
17
10
Co
Oct
May/
Apr
8
19
No par
Distilling
Nov
36%
129
15
19%
7% Feb
Feb
Co
Colortype
Nov
12%
y
3
133 Va Jan
23% Jan
109
No par
preferred
Feb
5
Feb
45% Jan
No par
preferred
Cable Inc
Jan
*9
v
3,800
'
Nov
39% May
12% Apr
Sep
37% Nov
"
*51
55
*52
62% May
Oct
i
July
95%
■4
64%
98
39
108
6% Oct
84 Va Jan 29
4
Jan
633% May
Sep
23
*963/4
7%
3
/
Jan
Amer European Sees
American Export Lines
3,500
8% Feb
NOV
39
X
91'/2 Nov
25
Jan
Chicle
American
400
1103%
22%
'
29%
1,400
7,400
5%
*109%
39
Amer
1,900
18%
6'/8
y 97
-•■:.
/
4
23
Jan
Crystal Sugar
prior preferred
4%%
r..-.
17%
23%
38%
97
*
*15%
5 3/4
97
99%
*
40%
Um
5%
vv 111 '>•
22%
30
Feb
Jan
Nov
30%
10 >
99
46
American
5%
*110
23%
*97
-
>.
5%
110%
22
1,700
99
39% Feb
Nov
99'/a
Aug
212% Jun
29% Jan
:
Sep :
31 Va
.
35
Dec
29 V'a
10/
'4
28
6J,a Jan
100
conv
22%
18%
109 Va
5%
American
26
Jan
Jan
26
Oct
18%
Jan
61% May
113
July
X
17% Oct
154
7
37% Feb
38
Radio
Car
American
1,500
»?/ 99 »
Aug.
;
50
non-cum
1,200.
35y4 Feb
101
25
&
Chain &
243/4
16
17%
6%
23%
,
16
1U%
5%
61/4
6 VIZ.
•
5%
5-%
18
X17%
19
>•/
:.;•
16%
161
r
18%
10
145%../'
144
22%
99
'•40% •:41
109%/
Am
22%
22%
39%
1%
2,800
7,
x75
Can
American
300
■
3
50
Preferred
2,900
.
26
: /
14
Feb
Feb
No par
pfd
Shoe
Cable
*23%
y.
99
39 Va
52%
V 111%/
26 y
24%
221/4
22
/
146
24%
*98%
.
145
*110
*108%
24
x23%
541%
•yy-,-6 <■'/;.X
6
16%
*16
320
52%
109%
150%
24 V'a
-
99
% 41%
3,300
263/B
■150
22%
22%
97%
187%
52%
110% /
X 25%
24%
*98 VB
52'%
110V4
26%
*108%
150 %
24%
52
110%
•:
Feb
82
Oct
Chemical-No par
preferred
Amer
187%
26 y8
113
103
y
Jan
913%
1H
30% Feb
1
Note
Bosch
Brake
5% %
6,000
95%
187'/a
110%
109
*148
51
963/4
187%
27%
*111
27%
109
53%
96
'
:
/;■: 26%
110
27%
187
187
186%
52
54%
110
96%
96 %
95%
:
Inc
Corp
conv
'
186
93% Jan
Airlines
Bank
American
370
34% Feb
100
No par
preferred
4,300
/
127%
6%
6%
1,100
44%
*126%
126%
/
:
No par
38
13
Feb
180
> 22%
8
18
Feb
V;
22
26,
No par
preferred
cum
Feb
18% Jan
Corp__^
Petrol
29%/;,;
48% Feb
103
Inc
Agricultural
72%
46
4
5% Feb
16/
17'/a Jan
168'
No par
5
Amalgam'Leather
40,600
1
Dye__
cum conv pfd
Portland Cem
29%
10%
&
Co
Stores
Alpha
300
100
Co
Allis-Chalmers
1,300
gtd
preferred
6%
/
lly 6%
Chemical
4%
500
'•'t-,
A
Industries Inc
73
127%
513% May
Dec
13
28%
& 15%
12%
Nov
90%
24
71
\ 43
*126%
Sep
25
97% Jan
27%
15%
5
2
21
40% Jan
West
10%
46%
8
Feb
>',<69% Jan
27%
127%
3
Apr
Mar
Oct
73 y8
V
6'/4 Feb
31% Jan
101
Feb
593%
135
Oct
10
15%
33% Jan
Oct
523%
26%
46
8
20%
Nov
29%
70%
*126%
13
Dec
33
104
1
Kid
.
78%
*76
Jan
Jan
5
8%
1
64'/a Feb
10%
76%
15
25
92
6
18
Feb
13
74
*75%
Jan
5
10% Feb
38% Feb
112
Jan
29
v
10
100
-
76%
10
56
Allied
,/'/ 1,600
1,100
43
10%
16
8'%
72%
11
Jan
Oct
27%
103/a
Jun
413%
3%
29%
»>
68'/a
8
*29
10'/8
Jan
Sep
Feb
52%
*47
78
42
41'%
Feb
V'a
24%
44
44
8,700
97 :>;■•;>
30%
7'/4
May
24%
13
Allen
10,300
97
■
x50
Oct
Jan
1,400
,/
36%
35%
Feb
Feb
13 y8
1,
33
Allied
/;
31
*7
*75%
77%
y4;
19
100
400
•/>
35
100%
97.
7V4
*48%
36
33%
34%
Min__
common
1,500
■-'/
303%
•
31%
52%
42%
x35'%:
97%
;
*100
Nov
prior conv preferred-No par
Alghny Lud Stl Corp
No par
500
'
22
33%
•
May
8
Alleg &
22
*21%
16
Jan
105
$2.50
7,500
173%
172
*100 y8
100%
25%
36%
172%
Gold
100
Ry_
preferred
Allegheny Corp
5%%
preferred
105
22
32,400
45
*102%
21%
173
4%: '•'•
105
*102'%
*20%
*100%
4%%
5,800
62
47
*173%
8% Jan
33% Jan
Inc
29%
37
45
_
Vicksburg
98%
47/B
169
1
31
40%
Dec
Oct
10
32 3% Feb
101
•
4%
91
13
—No par
Reduction
share
per
Apr
7
17% Feb
1,900
,
10% Feb
48% Feb
Alabama
Highest
$
61%
30%
16
16
35%
6
7
16
'9%
53/i
87'/a Jan
share
per
Jan
100%
40%
8'%, Jan
Address-Mutigr Corp
6 Vb
share
14% Jan
31%
'
2.50
Adams-Mills Corp
113'/2
26
per
1
ioi y2
30%
*101
5%
72% Feb
$
10
700
35%
share
Co
3,500
*9%
per
Lowest
Express
y 5%
30
.
S
No par
Co
50
*109
Year 1940
'
105%
35
36'%
113'%
Range Since January 1
Highest
Straus
347/a
9%
35 V*
*109
Motors
Par ;•/
com__
*48%
34'%
9%
35%
*109
5%
51
34%
ACF-Brill
2,300
y;
&
1,700
16
'
Lowest
,•'-/••■
■•
Laboratories
1,900
47%
16
Range for Previous
STOCK
:y// V >'
.
Abbott
2,900
9'/4
48
32%
•-
,
Abraham
47
113%
*111
113'/a
9%
.
110-
*90
V 15%
49
35%
37%
36%
CLOSED
110
9
YORK
EXCHANGE
Shares
76%
75%
NEW
the. Week
$ per share.
78'%
*90
9%
35 %.
34%
9%
9%
EXCHANGE
*48
49 Va
35
8TOCK
73
110
9
Feb. 28
$ per share
75 ys
Sales for
Friday
Feb. 27
$ per share
9%
*46%
Thursday
Feb. 26
100
9%.
9%
9%
STOCKS
Wednesday
j
76%
*90
110
*90
If
FOR EVERY LISTED ISSUE
■
Jun
44 ya
Sep.
Jan
119
May
Range for Previous
v
stock
V;
EXCHANGE
Range Since January 1 ■>>■■■:>■•
Highest
Year 1940
Lowest
Lowest
Highest
'
$ per share
$ per share
S per share
$ per share
/
23%
x22 %
223/4
99%
*98
$ per share
99%
22%
S per
share
22%
22% V
99 / '
22%
99
23%
23%
23%
99%
>;
99%
99%
15
14%
14%*
13%
13 Va
12%
13 Vb
"12%
29%
30%
29 Va
293/4
30%
*14%
13%
13%
39%
STOCK
38
39i/4
16%
15%
16%
124%
128
127%
CLOSED
136
137
13%
EXCHANGE
/
31 y8
30%
*134
"
117
116%
16%
182 : r
35%
35%
16
16%
*176%
113
*176%
/
*37
38
15%
16%
123%
112%
116
16
15%
182
*176%
108%
22
20%
20%
39%-
38
38
39%
38%
55%
39%
39
39
166%
39 3/4
*150
155
152%
153 Vb
36
34%
35%
x33 Va
26%
26%
26 V*
26
26%
*25%
26%
26%
42 y4
42%
42%
42%
146%
146%
145
53%
54
*25%
42
*143
146
52
53%
172%
171%
172
170%
781/4
77%
78
76%
145
145
78%
161 Va
52%
16%
42%
109
9%
*63
51
45
•
111%
16%
Jun
133%
Aug
$5
preferred
No par
102
Jan
16
117% Feb
21
883% jan
123 Va
Aug
No par
14
Jan
100
176
Am
American
16%
17
118
17
Amer
500
;
,
6%
Amer
Stove
Sugar
220
118%
16%
24,400
17
41%
40%
43%
42%
43%
40,900
106'4
106%
*106'/2
•
9%
"
*89 i-
95
9%
66
*63
>
a
40 Va
403%
403^
4,900
,
491%
50
49 7
50
44
44
43%
111%
*110
*43%
16%
16 3i
*15
17
49 Va
16%
16
b
22,100
111%
111
111%
491%
*49
50
16%
16 3 8
16%
16%
15%
15 3%
15%
•
1st
Conv
6%
Anaconda
;j
Anaconda
Anchor
70
600
1
1,600
300
13%
14%
13%
14%
122%
122
122
152
lo3
153
152
footnotes
see
page
53%
372-2
13%
14%
14%
15%
121%
121%
1213%
122%
123
123
700
152
153
154
153
153
160
*5%
37%
*121%
For
5%
371%
5%
37%
1207.
v
*151
5%
Aug
Feb
52
Apr
45%
Sep
Jan
10
169'/a Jan
60
6
165
343%
39% Feb 27
158
Feb
8
160
Jan
>y 27% Nov
28
Feb
10
25% Dec
25% Feb
5
100
40% Jan
15
6
7
.Tan
24
38 Va
$4
534
5%
37
37
14%
15 Vb
conv
&
Wire
Smelt
preferred
&
Glass
Cable
Corp
Clayton
Anderson-Prlchard
Andes
Copper
&
Co
Oil
A
1,800
Archer-Danlels-Midland
103,200
W
Corp.
Mining
1,000
P
Products Co Inc-"-—.
Armour & Co of Illinois
3
146% Feb 24 /
138
Jan
6
Jan
67%
Apr
IttO
Jan
16
54% Feb
174% Feb
11
170
1593% Nov
200%
Jun
,*76% Feb
78'% Feb
10
82'/a Feb
5
142% Jan
47%
4
20
84% Feb
Jan
3
162% Feb
Feb
25
58'/a Jan
3
116% Jan
9
118% Feb
No par
14% Jan
13
102% Feb
13
18% Feb
106'/a Jan
26% Jan
16
50% Feb
13
93
Jan
14
110'% Feb
15
100
80
Jan
1
-9
Jan
13
66
Feb
17
68 %
Apr
Oct
; > 99 Va May
100% May
150
Sep
Oct
7
48%
1163%
Sep
8
13%
Oct
283%
30
102%
29%
Sep
Jan
110%
Feb
703%
jun
100 V8
Dec
182%
Jun
13
103'/a Feb 13
10% Jan
6
25
Sep
76% Oct
18
51
73
5
153
Feb 10
a
87%
Dec
"July
174
78
/
„
121
May
.
Jun
Jun
105% Nov
7
Sep
.15%
64
Dec
np0
Jan
May
50
37% Jan
22
41% Feb
8
35
Oct
51%
Feb
.No par
—12.50
451/4 Jan
15
52'/a Feb
17
41
Sep
60%
Jan
431% Feb
28
51
Jan
4
38
Sep
g2% May
7
108
21%
109
Jan
2
463% Jan
16
10
16
Jan
13
20
15
Jan
9
Dec
*114% Mar
8
43 %
Jan
x64% July
173%
Jan
6
15 Vb
Oct
27% May
16
Jan
29
133%
Sep
243%
21
4%
NOV
10 3%
17
26% Mar
41 %
Dec
10 Va
18 Va
May
111% Feb
52
Va Feb '
Feb
Feb
5
47/8 Jan
20
-No par
33% Jan
13
6Va Feb
Feb
39
16
15 Va Feb
27
30
130'/a Jan
24
112
Sep
139
July
Jan
10
125
Oct
172
Jun
5
$6 conv prior preferred— -No par
Wc
100
preferred
__
May
38% July
Feb
58%
158
/' 48
.No par
preferred
Anderson,
Apr
43
Oct
No par
-
Copper Mining
Hock
/
Sep
2
29'% Jan
x45
100
Lead
50% Feb
172
? Apr
50Va Feb
./ 37
No par
Elec
&
Dec
25
/Jan
Jan
191'
13
No par
—
Wks
733%
Oct
22
26
14
Corp
prior preference
Zinc
1.050
38
5%
37%
6%
38
—
Woolen
prior
'
37%
3
20
33%
33
100
preferred
1,000
X
43'%
49'%
*15
.T*n
Dec
39% Feb 24
Sep
Sep
Jan
__25
preferred
Amer
$5
41'%
49%
*110
Co
Preferred
-
44%
50
11
Feb
14%
30% Jan
class B
Viscose
American
400
9%
66
49%
40 3
16
Feb
Feb
Feb
423% Aug
108% July
19
152'% Feb
25
Water
$6
500
92% '
*88
93/a
9%
*63
109
44'%
40
111%
Am
400
88
52% Jan
164
y
23
186
Jan
4
'
X
103%
66
14
Apr
No par
Tobacco
preferred
5%
34% Jan
Tobacco
American
50
24
16% Feb
22% Feb
10
16
No par
Co
Refining
Telep & Teleg
6%
109'/a Feb
16
19% Jan
100
Sumatra
Common
3,300
24
13% Jan
Nov
Nov
100
Preferred
13,300
95%
104% Jan
12%
X173%
No par
No par
Foundries
American
79
27%
No
Stores
American
161% ; :■'■>"■
7
25
500
103%
*63
Steel
American
7
No par
Co
preferred
non-cum
Amer
7
Feb
37% Feb
100
V 1,400
Am
Feb.
177
16
5
Snuff
American
103V4
9 V'a
.9%
66
American
17
21
No par
Refg
&
13
Jan
32% Jan
100
preferred
Building
.
10
San'y
Mill
Safety Razor
Seating Co
Smelting
1,000
*103'/a
X88
95
Stand
Rolling
Ship
7,300
}.
1033/4
106
Light com
Preferred
700
•
103%
106
&
conv
American
Amer
x40%
■
&
American
•
400
52%
*117%
Rad
4y2%
1,690
2,600
44%
16%
22'/a
Jan
400
41%
*15
17
Sep
1,000
51%
*110
Sep
10'/a
97%
143
44%
49%
51
16%
16%
*117%
117%
60
34%
76%
78%
17% July
21
13,900
52
Jun
Oct
24
170%
161%
/
<
24
76'/a
>52
11
16% Feb
4,700
•
40%
41%
50%
*15
,
162
51
7
July
39'% Feb
25%
49%
40%
*44%
*50
103%
9%
91/4
66
111
45%
92%
96%
*95
*63
103%
107%
46 y8
45%
103
17%
103%
17%
117%
•>162
52
X 14% Feb
Jun
43%
163
129'/a Feb
170%
78%
78 %•
78%
161%
13
Oct
1333% Dec
13
52
*50
76%
76%
77
79%
52%
51%
171
170%
43
*142%
145
X51%
52
171%
■/'/
12% Jan
23%
1
13
Power
70
43
f-
••;<
11
22
155
25%
>>
27
42%
42%
7
Feb
25'%
Jan
26%
*26
Feb
137
45% MatM,
106% Jun
Jan
2,700
39%
34%
32
9
X
11% Jan
.
26%
16
Jan
V
v,
35
••"
167
33%
26%
Co
29'/8 Jan
134
Nov
123% Nov
114
430
34%
423/4
1
3
28
■1
No par
No par
'•
'
20%
26%
161%
104
News
Co
15
28
$ per share
•
No par
14%
26 V*
79
119
*150
100
Preferred
33 V*
51
*117%
155
No par
98
Jan /6
Jan
15% Feb
Feb
12% Feb
Oct
preferred
24,500
57%
39%
393/4
Ltd
28,
101
21%
:
$6
39
1663/4
167
*150
161
119
;• *20%-
Co
American
22,400
'
27
79%
51
14%
Metals
99
/y$ per ehar6::;
28
2,300
X
15%
333/4
161%
17%
,57
563/4
166%
155
*103%
57%
55%
166%
26%
52%
-39
58%
35 %
*117%
39
166%
*153 %
79%
20-%
39%
39%
161
20%
38
V
14%
166%
56
;
108%
108
143/4
100
No par
preferred
Amer
45,900
<
34
-—No par
Metals
Molasses
182
333/4
&
American
900
15%
114
114
Fdy Co
preferred
cum
22% Feb
$ per share
2,700
37
124
15%
108
39
/
124
6%
500
&
Mach
Amer
150
*176%
•'
3.90%
2,800
16
143/4
*20%
58%
115
108%
21%
U
Z
14%
21%
77%
114
37
-
Mach
Amer
13%
/; 15%
'/
IOE'%
14%
172
114
30% ->
182
103%
167
15%
1243/4
34%
14%
54
15%
90
136%
>
*13y8
37'/a
37
124
34
108 %
'>
15%
*134
Amer
2,700
-
$ per share
Par
7,600
13.
15%
'
-
y
\$8
125
34%
15 Va
-
13%
33 Vb
35%
1091/a
39%
31%
134%
13%
v..
*176%
16%
178
34%
108 %
57%
30%
'
127
99%
134%
137
13 Va .13 Va
13%
/>< 14%
166
.
*134
136
*99
Shares
12% Jan
xll8
150
Jan
Jan
16
161
Sep
■'IV'f
THE COMMERCIAL & FINANCIAL CHRONICLE
1198
>
Monday, March 3,j, 1947
NEW YORK STOCK: RECORD
STOCKS
LOW AND HIGH SALE PRICES
Monday
Saturday
Feb. 22
^Tuesday
Feb. 24
>
Thursday
K
>>
Feb. 26
the Week
Feb. 28
$ per share
"t
:
Sales for
.Friday
/
'j-
.
Feb. 27
$ per share
S per share
$ per share
Sper share
Sper share
Wednesday
Feb. 25
,
r'.-'-i
Shares
„
V
NEWV YORK. ..'STOCK-
,
iv.
:
$ per
■
''''
'
■.
'
Range for Previous
Range Since January I
Lowest
.»>>"> EXCHANGE'>>.:>:>>/
par
Z". i
,
>
share
Year 1946
Highest
/;
Lowest
-
> $ per-share>
8 per share
,
J Per Share
'
•
49%/."}
50
50
108 %
108'/.,
17%
17%
19
STOCK
1^.0
•
CLOSED
126
128
*124%
120
*125
50%
*47%
92%
110%
17%
V
34 Va
34 Vb
*70
*
•'
36
36%
.
25
.
,112
33%
*70
78
35
33
>
104 3/4
„■
*531/4
1U Va
.
1043/4
/
;
55
*31%
•:
2,300
35
1113/4
104%
1043/4
170
25
23V2
24%
x23%
25%
>19
Jan
4
16
17% Feb
13
13
>203/8 Feb
13
20
132% Feb
4
124%
Dec
Feb
4
125
Dec
48% Feb
19
14
>
♦
Fe_—_T100
preferred—
I
SS
15 Va J"h
.10
88
Jan
105% Jan
13
.
12
46 %
16
18 3/4 Feb
15
59
Feb
13
>34% Feb
32% Jan
13
107% Jan
15
13"
so¬
Feb
13
> Feb
19
2
105% Feb
22% Jaiu 16
253/4. Feb
31?
11
14
31
ns
62
64%
1,210
Atlas Powder
61%
63
*118'/a
119
'
118
*118'/a
119
*25 3/8
29
*25%
29
*25%
29
*25%
30
10%
177a
11
10%
10%
103/4
*10'/2
10%
27%
27%
61%
63%
61.
;
113
,
62%
5
No par
conv
pre.c..cJ
Tack
Corp__—
I
13
68
Jan
15
119
25% Feb
20
2 I
9% Jan
16
par
163/4 Jan
22
183/a Feb
•;v
23% Jan
13
29% Jan
16
273/4 Jan
27
73/8 Feb
8
Jan
•
Feb
3o
12% Feb
•
11
17%'
-
28
26
,
*
17%
28
17%
:
6 V2
25%
457o
;>. 22 Va
■i
,
.
v
177s
17%
17%
*17%
25%
24
1774
45%
26
6%
•
103/4
26
25%
263/4
271/4
23%
233/t
24
25%
6%
4574
23%
22 Va
22%
15%
14%
14%
22%
20%
21%
67a
;
,
■
"
6
Va *
24
400
18
Conv, prior
pfd
+-No par
($1.20) -—No
Co_i,„—
Automatic
2,500
24
24
Nichols—
Autocar
3,700
28 %
Canteen
of
Co
6 3/4
6%
6%
/> 43%
44%
'2,000
,22%
22%
Aviation
21,500
45'/4
44
H
Corp of Dei
Amer—5
15%-
15%
23
:
14%
14%
67
67'
;
15
*14
,
! 65
/>,
15
*14%
65
65%
■22%
14%
51 %
27
,
27
;
52
*50
•
50
,.
.
:,*25 .*
.
23%
>
65%
■'*
X661/4
50
*253/8
No par
10
*
22%
23
50%
52
22
22 V8
52
19%
:■? • 18%
223/8
X213/4
23%
;'.22
50
?'
,50%
v
/ 22 3/8
19
•r
213/4
53%
108%
;
*105%
106%
V
11
♦108
•—•51
*21%,
*104
*
f 38
■;
/
38%
27%,
16%
16%
16%
*110
z
163/e
20%
105%
36 >
*
37
~
f
163%
*341/4
,
:
J
49%
17%
17%
*
37%
103
:.r *33
;"
19%
26
;
23%
48%
48%
x46%
55%'
55%
*105%
*62
34
43%
433/4
47%
48%
*97%
*5
*
v
43,
;
*
12%
46%
27%
♦34%
26
•
'
104% >
26
4
t
21
"
*54
"*108
-
55
> 53
*60%
61%
-
43'--" 431/4
*
12%'
■
-.
; 38%
383/4
■-./:•
100
17%
38
30%
17%
16%
01
17%
36
36%
29 Va
30
X29
46
-..46
'
7
-
•>-46
;
46
.; 103%
108%
*108%
261/4
26%
26%
.7
>
34%
,*103%
253%
Z
34%
-
:
*333/4
104%
*1031/4
1041%
253/4
x25%
25%
5
"••><
—
•■
>■
V
.' '17
37? >37% ' v
29
29
13%
14%
85%
?
85%%?
85'
30
27%
*28%
,
*101%
102
21%
22
35%
35%
16%
171/4
17 Va
123
121%
121%
*121%
13%
/?. 12% ;
85%
8534
28%
4.900 '
>
>
46
26%
r
101 %
;
101%
21%
22 Va
27%
35
*1G3V4
102
8%
8%
84
r
22%
23
105%
21%
105%
5%
106,
5 Va
19
98
5 Va
19%
98
24
*7%
101
V 21
22%
105%
5 Va
434
18%
98
Monday
24
Feb. 22
Feb. 24
Feb. 25
;
29Vi
29%
29V4
54
15
83/B
CLOSED
21%
•v21%
21%
105 %
105%
1053/4
5
5
98
23%
'22%
19 Va
22%
-
,
Thursday
Feb. 26
Feb. 27
$ per share
28%
*54
t
29
28%
Sales for
29
8 per
>
>29
54%
*54 Va
54%
3Va
3 V4
3%
3%
7%
3'/4
7%
7%
7%
7%
7%
7%
•291/4
30%
30
15 3^
*121V'2
28%
29
16 1/8
15%
15%
122%
123
121%
122
15%
>22
•
.
*47%
49
*47 V2
49
*46%
48 Va
*24%
48%
25%
*24%
25%
*24%
24%
13%
*24%
14%
131/4
13%
1?
63%
62%
14
13
13
57
,
122%
56
119
55%
118
56 '
56
118
117
"
35%
353^
50
49
47%
48
19%
191/4.
181/4
41%
18%
4134
41%
39%
7%
40%
7%
7%
*48
:
7
7
20
>
7,200
8
9,200
123
2,000
•.
13,100
•:*.
48%
*25%
13%
63%
36 3'a
•
338
,
*47%
25
13%
>-Y
10
23.100
*63
65
600
*13%
1334
200
56
119
-
*56
*116.
35%
'
13 %
63 V
'
*46
'18%
40
57%
116 Va
70
■>"•
: 18%
40
71?
240
:
35%
49
59,.
;
Feb
•
1.600
-
Feb
24
>18
Feb
11
>
42
8
;; 101
67
Jan
9
>
6
«
.
300
10,900
1.800
1,200
52
3 >
.
'
Jan
141/2 Jan
33
Ja^
3
4%
Sep
ll3/a
Jan
1
3OV2
Dec
35 Va
Dec
21
12 >
Dec
34%
Jan
72
Jan
95
13 V4
Sep
20 3/a
Feb
r"
V
27
reo
il
30%
Oct
53%
Jan
10
23
Oct
42%
Jun
>63
25
Jan
J«n
23 V* Jan
> 15% Jan
7-35%
36% Jan
7
104% Feb
27
16
f
27 V2 Feb
.3
i
18 % Feb
10
Jan
105
Feb ?'5
"
16
___5
2
Feb-25
V
14
>_No par.
Apr
Jun
IO73/4 Aug
-31% Feb
24
34'/4Feb
573/4
613/4
99 ;:i Dec
18% Feb
^
V
>70?
Nov
25,
31%
Co
109
common
■
1
123
2 >
120 1 Jan
No par
Co.;
&
Zinc:
,11% Jan. 13*
115
Oct
<Byron Jackson;
86% Feb
>
273/4 Feh
25
>90%
453/8 May
1103/8 Mar
20% Oct
38%
14
Sep
253/a May
6
>120
Jan
7
?> 97a
Oct
18
70Va
Oct
25%
Oct
Feb
17
23
18
38% Feb
10
79 ,
t. 80.
21
105 >
t
Co—___l.
21
.6
597a May
267a July
16 Va
-I
Oct
Dec
111
Dec
1193/4 May
102% Aug
84 V2
.
97
i-
13
:
Dec
Nov
■??>
213/4
Jun
63/8
Nov
75 1";
Dec
100
Apr
Jan
22
75 "
Oct
98
May
>24% Feb
;.7
2074
Nov
39% May
;
■.(88
u
108% Jan
6 :
4
t
£105
Feb
10
.21% Feb
10
Jan
3
99
.8
Sep
15
t
v
Feb " 1
104.;
Feb
125% Feb
1
;
'
;.
•_
'».
-
>•
47s
153/a
110
Jan
May
Oct
9V2
Jan
Oct
35 Va
Feb
;
Oct
193/4
Nov
v':
'''••'
'
'
112% July
40
May
Range for Previous
> Year 1946
Ranee Since January 1
Lowest
.■
..
£.'■■??.
':Cai1I°rnIa, PackinS
Par
•
--No pari
r»n?hP:re?,rro<l--J
(Callahan Zinc-Lead
Hecla
f
per
Cons
.Highest
- -
$
share
;
No par
Nopar
Capita! Administration class
$3 preferred A
Carolina Clinch & Ohio
Ry
Carolina Power
>
£ Light Co
gggj*? Steel Co—.—
Corp
Carrier
series
A..1
per
Lowest
*•-
share
per
share
Highest
per
-_'_5
i0
Carriers & General
Corp
1
15
>
12
/
47%
58
8
3
i
Sep
6%- Oct
7%
Apr
Apr
Feb
7
30 % Feb
7
20 7o
Oct
407a May
17*/ar Feb
10
127a
Nov
18
Nov
147
113
123/4
Jan
July
May
Feb
10
•
4874 Feb
18
43 Y
Oct
58
Jan
'
(257a Feb
20
24
Dec
25%
Dec
15% Feb
13
.11%
Oct
227a
Feb
Feb
10
5174
Nov
733/4
Apr
132
Jan
Jan
jan
117
Dec
Oct
;
13.
Jan
56
share
27%
53
.
8V74 Feb
;
3
8
3
52:
>
9
29
x55
3 /
Jan
12
%
Jan
37a Feb
16
46% Jan
10
___...Z.IZsO
Jan
247a Jan
2974 Jan
16
23% Feb
.loo
100
jan
53:
120
>.25
;
Jan.
22
14Va Jan
Canada Southern Ry Co>
_ioo
Canadian Breweries
Ltd.^—Nopar
Canadian Pacific Ry
Mills
16
7
5
Nopar
Inc._1.66%
Purred
Jan!
3
*
1
Copper
° Fdy
Ginger Ale
277a
50
;
o;
4%
'Mar
8
27
26
Feb
Jun
13
101
22
No par
467a
Feb
i
96
t
Jun
45%
108% Mar
953/4
8
9 V2 Feb
Nov
.
>Feb
22 Va' Jun
99
'
Preferred
Apr
c>>>
EXCHANGE
»?>'•■"'
98 > Feb
95% Jan
33
r
130
.
V 96% Dec
i 181/2 Nov
15
11578 Feb
151/4 Jan 16
i.
17
?
•
Jan
6
Feb 18 t
Feb 26
Feb 19 ?:
>; 43/4 Jan
22 Va Feb
104 3/8 Feb
;
>6% Jan 14
i,
-
23% Feb
V 90
Feb, 5
.
137a Jan 16
^100
YORK- STOCK
Cannon
Apr
Sep
103 > Oct
>
1017a Jan
: V 99 : Jan
—No par
STOCKS
r«If0Prf nW
^Canada Dry
May
Apr
1
387a
{
: Feb
>14% Feb
72% Jan 15 >
>:•
_>_5
Participating preferred.!
Calumet &
Dec
'
r,
vZ: >.'>>
Nov
,,
"
Feb
.102
Sep
36
.
9
-
J > 26% Jan 14
_>15 >'
NOV
42 %
I
Jan
Apr
€9% July
48 % May
Jan
3
46
Z
96
271/2
■•
Mar
112
40V2
3
par
Feb
- 6 Va
39% Feb"'
13% Feb
>
24 i
7
35
73 Va
;
Oct
.
Jun
1878 Aug
661/2 May
Sep
Dec
May
58
Oct
-v Jan
V
3 5
par -■
—No par
p^hC? (h M)—V
' :
'
?
116
►
16
Feb
1083/4
-100 >106% Jan 10
No,par \
26
Jan 16 >, > 26%
Co
Copper
420
24%
14
*13
36%
54% ■; 54%
48%
13%
63
15
36%
t»,
v-Butte
Shares
'
13%
63%
121
^
16 Va
124
t
»' 2,600
30
16
293/,
15%
63%
(The)
thk W eek
shar^
28%
•123 Vb
31
2
^
3%
126
ciZn
Nov
3
Jan
11
-0
1,600-
|
Friday
3'/4
,
V >38%
3
4Va Jan
®uf.f Niag El Corp $3.60 pfd.ZI.100
.
1
Feb. 28
,* per share
.
>>9% Jan 16
t>
220
.24%
*22%
Jan
34'/2 Jan
inn
V
98
Sep
Sep
v* 173/4 Feb
Jan
31
PRICES
28%
V
18%
■98
14
24
99% Jan
I«n
105
37%
34
19
Feb
11
.
5
1834
97%
16%
16%
105
5
18%
98
29%
*14
y
84%
'
*55
101
*32%
Oct
Feb
Jan
inn
8
*
101
84%
77a
124
.
8
,
101
18%
307a Feb
331/4 Jun
>.•49%
.
•
1
46 >
Oct
98
preferred ...
lIOO
'Inn t'V 2UrZ0Uihs Adding Mach-_._No par
Bio
«eTnal—
1
'
vf Preferred. —
>
U00
,
J
^uf,h T?rni Bldg 7% preferred.LlOO
'■;
JvrwBros common
10
9 inn
'
tl
Preferred.
L__—100
2-300
'
831/4 Apr
Nov
'263/8
13
.
Nov
9
com
Mar
15%
8
Inc
168
31
35% Feb
Bruns-Balke-Collender
IJn
143,. Dec
6
.
49% Feb
33/t fc Preferred
„>
Brooklyn Union Gas—
Brown Shoe Co
May
313/4 July
1143/4 July
10
36 >; Jan
x203/8 Feb
.
93
*82%
'21 Va
27
13
7 >
i'Rnn
r
!
"u~*
Nopar <.,<.■ 20- Jan 22, ;
10'onn f
^,Co Inc
5 > 31% Jan 16
??n
l ington Mills Corp .com..—
1 » 17% Jan 16 Z
Jnn :V'V!r'
Preferred ——
^100 > 95% Jan' 2/
2,?^ A'Conv 2nd Preferred
lIOO
:
89% Jan
3
,
143/4 .-,15
8
101
*90%
'■•V
'
100
84%
21%
16%
29
EXCHANGE
*73/4
*94
.
Feb
Jan
•493/8. Jan
;
52 V2
Feb
Nov
53
'
-^n$f5fo?reSrred
Buffalo Forge
«
34%
3%
7%
STOCK
>
54
3%
*
93
14%
100
.
•
>
2978 Nov
23
13
>
29%
54%
*90%
14%
Wednesday
$ per share
*54
93
,
181/4
SALE
Tuesday
$ per share
20Va
103%
*94
97%
22
•
I per share
>193/4
*102%
'
22%
18% Jan
13
95
Jan
361/4 May
H2V2 Aug
3
23 >
20S
700
;101%
*21V2
17%
-.
LOW AND HIGH
Saturday
20
19%
103i/4 103'/4
.
101
*82%
106
23%
24%
14%
8
18%
34%
*100%
22
96
*90%
84%
98
,
34%
20
102
*82%
33%
104
96
15 Va
*101
.>•
1013/4
■
Feb >7
Feb
Jan
/
58
•Zv
:> 85%
Jan
15
Oct
Dec
» 22
4
Jan
22
22,200 t/.Budd
*
'
66.
13
16
-
Jan
Apr
Jan
'
Jan
>104
2.50
35%
37 Y
112
245/s -Sep
6
29
' Bucyrus-Erie
8,300
13%
21
,
Feb
Jan
May
Dec
963/4
>jan 27
150
Oct
Apr
Jun
28 3/4
Nov
,
2874
>
43
85
28
*100V4
>22
19%
93
8-'
<
101
84
*
15
131/4
85
> 28
;21%
*1031.4
97
*91
15%
101
20%
-
13 Va
28
'
•'
17%
99;
Oct
V
26 %, Jan
11A
..Jan
142
•■:■>.'■
35 Va Jan
V
43
...Get
102
; 40%
123
341/8
33
.
17%
*121%
"39 % Feb
Mar
307a
Oct
16%
V'
...5
$3.60 preferred
•
1
1,300
110
NOV
15'/2
24V2 Jan
13
35 '
—2.50
>:
Feb
301/a
15
28 7» Jan
62
Nov
1
•V
103 % Feb
_
;
"181/4 Jan
16
73
•;
173/a Feb
13
Feb
24% Nov
Sep
104
>101
*
May
May
393/4
May
118% July
Jan
116
26
16
'
_^__1
>
artn
inn
100
>.,v
25%;.
85
"
OO
101%
:.
21
104
97
■
93
:
15%
«-
*103%
"
40> Feb
,
Jun
11
—15
105
251/4
,<
17%
85
85%
28
*100.
35
20
> 104
*91
,
>34
21 Va >
20%
*98
461/2
105% Feb
l73/4 Jan
nr!gfS1 5 Stra"on
—No par
Bristol-Myers Co common
1,500
9
26%
*333/,
123
13 Va
:13%
'
'
103
>
>
2
48 V2 Jan
Bridgeport Brass Co
*.-No
Briggs Manufacturing—..No
•
110
*108%
104 V21 IO41/2
18
*121%
■;.' 13%
V
31
.Sep
i. Ill
42% Jan
>
>
Dec
/
13 '
May
641/4 Aug
41V2 Jun
15
21% Jan
30
88%
Apr
251/2
Feb
16
?
Jan
;
Sep
31
20% Jan
No par
—No par
Brewing Corp of America
01
21,900
Feb
36%
12 > Jan
89% Jan
:
66
>
57
17
30% Jan
par
123/4. Oct
.>
18% Dec
21% ,Oct
Va
145
Oct
48 V2 .Oct
26% Feb
>
Oct
21
99% Feu
,
Nov
108% Feb
>_5>
A
®raniff Always Inc.-
inn>
3878 Jan
30% Jan
47i/4 Jan
17%
62 v Jan
26 I
33% Jan
:
Bower Roher Bearing Co.—^—5 *
*
831/2
11
cum preferred _i
^•..^100
Boston&,Maine RR (assented).100
:.
13
323/4 Aug
143/a Feb
Oct
110% Jan
>.5 >
Brass
1
B
jan
^
Oct
18%
Feb
,
24
,
R
20% Jan
Z'3%%
;
u>::> rf
18
17%
*121%: 123
Class
Jun
233/4 July
373/j
197a Feb
,
200
.37 V2
>46
25 %
>;
'
3^
25%
&
class
Co
7,400
V 100.
17% >18 3/8
26%
*34
34%
Aluminum
Ami
,> Bond Stores Inc common.
4,100 > Borden .Co (The)——
*
Borg-V/arner Corp....
,?
993/4,;
*12%
110
27%
>■■■
43%
» 5
:x37%
,-29%
108%
30
-
Sep
NOV
7 >
Jan
103 '
No par
5,200
463/a
../45%.
*97%
:
■
Bohn
>
% !95
37%
>
100 >: ,Bon
61
>
2.50
Bloomingdale Brothers
Boeing Airplane Co.—
V>
31%
,'43
:
18%
371/4
v
500
:
111
31Vs
13 Va
.
*95
•
400 r Bliss & Laughlin Inc.___;
8,300
—
53
.
*603/a
46'/4
12 Va
:
.
•«:;>>
21%
Jun
40 3/4, Aug
253/4
Nov
41.
16 V
15V4 Jan
1
preferred—..—No
•
31%
45%
'
^-No par
^.100
Co._^—
$2.25. conv
1.J1
15%
r
>
54% Jan
151/3 Jan '23
1 \
——
Bliss (E W)
yosjj •'
38
.
111
>30%
Z
38
>; 5,900 ■.
>
17 Va
*16,.;',
"112
-
99%- V -*97%
993/4
z 53/8
•»5
n/,.5%
ICO
>
4 I
Apr
973/4 jan
135
243/4 Feb
*
17
Jan '
> Bigelow-Sanford Carp Inc___No par > 53%
5,900
Birmingham Electric Co.——No par
.
16%
600
Black &. Decker Mfg Co.___.No par >V 32%
6.000 % Blaw-Knox Co__>_
1—Nopar ^ r 17%
'
Sep
Jun
6Vs
•
27% Feb
30 Z
Jan
400
18%
•25Va
*34
26%
:■
35%'x
♦103'%
17Va
36%
47
12%
•
'
>
—l>
——
:
! 33% ;
•
47
20%/ ' 213/4
108%
108%
27%
ig
112% Feb
__1
V
,
May
343/b
Nov
165/8
557a Jan
Feb 27 :
16>
37
No par
y Bethlehem Steel .(Del)
700 ;V<7% preferred
;
61
,24%
*16%
-
43%:''
*95
>>46% .46%,
♦108%
;
;v'
j
91% Jan
•
__20
'10,600
"17 Va
183/a
"
30
30%
>•
i
36%
v
50>
>05
*
"
311/4
*5
vi
>33
46%
62
38
13
33
25%
54
*971%
38.
'
100
321/2
*
14.6% >:
;V
16%
18%'
"
45%
;
5
16 3/4
38%
% ,i<.n
1.50
V Bell
1,800 >• Best & Cp
4,400 > Best Foods
*
'-*33%
v
42%;
a
•
99%
.37%
16 3/4
-
-
48
v *95.
96
30
46
?
'■
93
>
*60
16%
18%
110
,
:x30V4
43%
.
*97%
>' 5 >
38% >
13%
-
v.
38
>
25 Va-.;.-
146
24%
16%
62
33%
.47
•
53/4
16%
>
25 Va
'4
'>46%
36
*53
110
:
'213/8
■
13
96
>
31%
.'>92 V4
60
16%
y-
...
47
16%
63
>32%
98%
>
38%
-
>
27
May
110
>
'18
8
16% Feb
>69
28
' 108% Feb
& Howell Co
>10
>41/4% preferred—1
1
100"
3,600 ; Bendix Aviation.^
___5
1,000 > Beneficial Indus Loan.
No par .
200
Cum pfd $3.25 ser of 1946_No par ';
103 %
31%
147
Z "*>60 >
24 V2
20%
108%
V
Z;
;i8%v • v
*33
55
'
107
63
33%
?
55
107.
*62
V
17%
22%
.
*146%
33% -i:
1#*
38
21
33
Feb
*
20% Jan 21
Beck Shoe 43/4 % preferred—>100
Beech Aircraft Corp>__—
___l
RR—
13 >
J^>n
43
173/3 jan
100
>
381/4
v
*101
,
-24% >25%
16%''':
16%
33%
*16%
23%
l23/4 Jan
213/4 Jan
^100
Belding-Heminway—:
/ Bell Aircraft Corp.
2,200
May
51 %
130 V2
101/4
25% Feb
>25 -A 50,
y Beech-Nut Packing.Co
300
>: 105 %
*263/4
"27Va
;.t'
94
Nov
25
16% Feb
13
po
JVo par.
1.100 u
t-
,
22
*104
•>-313/4 .'.32%
60
'16%
*35'
.*>?■■
38
22%
,v
16%
>,*21
38
;
*58%
24
.
■
49%
.:
16
z >>•91% >93
"147;.
18%
"
13
1
Beatrice Foods Co_;
33/a% cum conv pfd-,
Creek
493/4 May
Dec
)8
114
•
24 3/8 Feb
Feb
Jan
.5
1
Bayuk Cigars Inc
Beech
100
,
"22
24%
147
333/4
."
19%
26%
*35
113
*110%
<Z 105%
361/2
933/8
905/a
61%
16%
35'/a
>
*26
24Va
,
*
147
61 '
■V '
•
95%
>
■147
Oil Co—
Bath Iron Works Corp:—
50
16%
*101
313/4
31%
'
19
2,200
38
>16%
27Va
103
*101
25 Va
>93%
:
63
16%
;■
v
v
>
>
10%
*36
16%
22
*104
"
27
26%
:*
32%
24%
95%
147
"*61%
•
30
107%
10%
:T6%
16%
104 Vr'V
1041/4
27%
31%
25%
941/2.
:
*146
1,300
30
r-
.>
•
24%
>
s
:>
*106
V
113
-
*16
"
21
21. >
•
373/4
27%
32%
31%
1,600
•:*
50%
107
38
'
>
50
.10%
*36
112%
16 Va
*101 > 103
102
-
'.
>
:
*106
106
-10%
:
' '
1,900
21%
108
106
10%'
16
37.
;
273/a
.102 :
!
*106%
38
112%
20%
,
>
.
"
'
*104 v
*':
105%
,
16 Va
>
106
37
114
*16 Va
23..
16%
*1053/4
■
>*21%
Barnsdall
3,100
>
19%
13
13,
*
*111:
16% >
16.3/4
52
108
>'10%
40
*19%
,
511/4
51'A
*106%
10 3/4
io%
*383/4
:
114
16%
•;
-
>?'
40
>
108%
*105% 106
11%
*
'*38%
53
*107
22% >-
22%
19%
>"21%, V
50%
': ,50%
22%
191/4
21%
*
.52
53%
108 %
.
>
49
18% Jan
.
26%
*253/8
v,
>
141/4-
>491/2 >
13
187/s Jan
Baltimore & Ohio
L
>00 >
4%. preferred——
_100 *
500
Bangor & Aroostook
1
__50
90 :>.'Conv '5%
preferred.— ',
_100
?•
900
Barber Asphalt Corp
10
100 > Barker Brothers—«
—10
300
:4% %preferred———L50
>
r V
7,300
3
Jan
Z
*. Jun
>
—13 >
Baldwin Locomotive" Works
V
6V4 Jan
43
:
«.25,500 >
'*
66V4
49
"263/4
'
-
15% >
.221/4.:*
141/4
65%
".491/2'
11,900
'
19%
19%
213/4
"•"651/2.
*
26
*25
-
52 >'
22%
>
;
23H4
19
27
;; 14%
22%
.
> 14'/4 "14%
.
50
*49
50
,
'•153/4
:>21%'
'
51%
22%
20 3/4 Jan
/
?•"
3
(The)
$2.25 conv preferred
~i:B
22%
•
1
"
•
6%
14%
V
46%
433/4
21%
7
46%
Austin
2,200
29'/a May
x533/4. Nov
28
% Jan
Jun
,
83
22%, Oct
.
29
58% Jan
115
,100
No par
Aug,;,
May
v
.Nov
100
*
*25%
v
Nov
105
r
18
5c
4%
Atlas
20
119
119
Corp
Oct
45
Sep
v.26% Dec
68..? Dec
17
1—
4,200
Jun
:,;-May>;;
58
V
15
Jan
1
125
■
Aug->
>
121
>70-' Feb
X102
Sep
Oct
17
_100
148
Oct
22
B
30'
323/8
:-153 ,r,May
78
Jan
preferred series
Nov
Z
Feb
36% May :
„100.,
13
,62
Oct
17
'.May
65
H2V2
Dec
•2
A„„100
series
18%
10
■-'>/ 253/4 Jan
i.l
Sep
Nov
Jan
99;,
Jan
42%
102
112;• Feb
15
14% Jan
47
>
^'_,_____,«25
pref
conv
>•3.60%
3
<
.
134
23
.
,
preferred—_._T100
Atlantic Refining
>,4%
Feb
Jan
No par
Lines—*
non-cum
...
.,1100
—
& W
5%
Jan
46 V2 Jan
No par
Co
Topeka & Santa
241/4
24
241/4
29%
63
119
;
20
•I.,..-1^.3
Atlas
11%
x63
*118
t
120
■'
> 16 »/2 Jan
122
F Inc
Atl G
78
*111 Va
>
5
100
Atlantic Coast Line RR_
>,2,100
-i 400
32V2
*68
17
2d preferred—^.-—-—w^lOO
5%
A T
4,400
17%
,
351/4
112
104%
.
1043/4
*103%
17 .:
;;
;/78>?
; j:
34%
.
Z
32 V4
32Vt
*68
,
112. v" 112
112
,
;
17%
7
Feb
Dry Goods—
Investment
Atch
.1,300
.
Jan
110
*
25
>
*31
357a
,,i-7%
6.800
90%
55
3
__No par
1st preferred—
Assoc
1C9
..-,108
55
17 Va
>53 %
■■■•:
*103%
104%
104 %
17 V.
55
33%
108%
6%
501/2.
>901/4
89%-: 90%
...
•
;>78> •>
.v
128%
*48%
50%
-108%
108%
533/4
35%
•i
>112%
112
V
*70
,•
'•128%
150
70
123
*47%
16 3/4
-33%
77
Associated
127
91
88%
1C8
;,
,
9,300
127%
50%
57%
56%
15%
17%
127%
20
Corf('_>___>__
18
>>15%
•
Arnold Constable
ArtloomCorp_j__«!
129
127
•
18
200
;
J
Feb
103% Jan
'
$3.75 preferred
2,200
*127
-17%
17
18'%
"58
.15%
,
17%
18
129%
...
1 *47%
92%
-
109%-110%
'
58
*50%
90%
92%
110%
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"
,126
120%
%
-
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par
Cork Co_l_No par
220
108
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Armstrong
1,300
50%
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..
107
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15
17%
18%
126%
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•,
14 %
49
107
17%
17'Ya
15%
173/4
48%,
,
107
X107
18%
15%
V\
49
48%:
50%
108%
*17%
15%
15%
123
EXCHANGE
*108
,
.
;•' Highest''^'}!
'65.
14% Feb
1
57% Feb
?
Jan
18
Jan
9
128
12Va
50
;
Oct
«Oct
112-
Sep
21% May
59 Va May
137
May
3974 Jan
2
38%
Dec
393/8" Dec
V 45 Jan.
141/. Ton
50% Feb
7
39
Sep
6172
191/4 Feb
18
'? ;.36
41% Feb '24
-
35
g
Jan
;
Jan
Jan
:
774. Feb
8
-
34
Jan
Jan
137a
,
Nov
34%
Nov
60
Feb
Oct
10%
Jan
6 3/a
<
.THE COMMERCIAL'& FINANCIAL CHRONICLE
Number 4573
165
Volume
NEW sYORKrSTOCKi RECORD
1199
>
>
LOW AND HIGH SALE PRICES
'A
/,^
Saturday
A,;
Feb. 22
Tuesday
Monday
Vi ■'/
Feb. 24
..
;r>i Thursday '>•'>;•'>>'! Friday
;,vFeb.«
Wednesday
Feb.'25
•
Feb. 26
.
>
v
Sales for
,
NEW YORK/STOCK
.
'
EXCHANGE
t per share
'■f
>>. 59%
147%
\
19%
107 %
*145
147%
31%
'
,.29%
21%
21%
•.*21%
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2;%
21%
13:
; 13%
12%
EXCHANGES
5
i
>> 10
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26
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46
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•
Chile/Copper Co——L—
Chrysler^
Monday
Feb. 22
•>>"■
$ per share
$
~
* 641/4
s
,*900
102
share
; i.
i
%
EXCHANGE
49%
16%
20
19%
33%
34
21%
15 ' >
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11
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29
29
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Consumers
Cuba
7
$5.50
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700 /< Continental
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,
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> For footnotes
see
108%
V 121
page
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144;
Jan:* 4
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Jan/. 3
v
47'A Jan
v
>100,
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..117¥2
117¥2
:••
?
' 20'A Feb
Jan/16
17'A Feb
>17'A Feb
'* 16'/8 Feb
4
.
32% Jan
fcl
32%JJftn
10
'
712 " Jan
9
,29
>
,33%
5
—10
5,700
—
400<
••.:>•
2,700
493/4 s 50
3i¥av313A
6,600
118¥2 121
Crane .Co
i
,v
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200
0
<
>
*,
40 r
250.
1
—5
1-14
No par
No,par
5
—50
Corp-,^-,
3/3%%, preferred.
Cream :of Wheat: Corp
Cork & Seal-,
"■
$2 preferred
Crown. Zellerbach Corp
- $4.20.
preferred
crown
$4
2nd preferred
'. 8% Sep
14
32'A Nov
48
783A Deo
;36% Oct
50
:'■>
Jan' 21
108
Jan
20% Feb
2
Jan\ 3
13% Jan
^48
Feb
15
14
-14% Jan417
22% Jan
16
16% Jan
.
28
>
,363A Feb 27
38% Feb
>111% Jan )13 >
114% Feb
>>41 Vz Jan>13
48
Feb
>; 15% Jan'13 •
203/8 Feb
104 * Jan 16 .? 105.»«Peb
T 37'A Jan ■ 3
>44% Feb
4106% Jan'13
108 . Jan
9% Janr13 •
13% Feb
" 47% Jan 20'
;. 54% Feb
'» 9% Jan 13 > ,12% Feb
35% Jan 21
41Jan
15% Jan 23
.W, Feb
.
.
>»» 143A Jan 16
>18%
}.'48% Jan 13 '
"50%
>13% Jan 15 • ; 16 >
: 54'" Janr 7 i >> 55
>20f/8
27% Jan 14
3
r—1
'
1
—5
JNo par
—Nopar
1
Jan
>32% Feb
1053A Feb
"*
>75% Jan
192
-7% Jan;17
,4- Jan-14
<v
35% Jan 146 ♦
104
Jani 2 :
28% Jan..16
"
37
Jan 16
v47¥2Jan$ 8
28 ¥2 Jan 16
104% Feb ,11
^117%Feb ;27
Feb
Feb
Feb
Feb
Feb
.61
♦
103 ,' Jan!
r
*
*19
11
,•
Feb
7
•'
.
♦
3 7
59% Jun
July
32% May
5% Jan
-
;
*
132
36 Ya
Sep
40% May
Oct
55% May
Oct
10% Feb
Oct
36
Sep
Sep
Nov
Feb
1093/8 Jan
25% July
233A Apr
Jan
60
May
33% Jan
Nov
Sep
Nov
Feb
Jun
18%
47
7
Jan
32
Aug
—
61 *111
Deo
24
35% Sep
10 •» • 12% Feb
.6'A? 101 '-VSep
8 " 33% Sep
>7 « 103% Nov
.7
>8% Nov
3. >
46% Nov
8
10
Oct
2
33% Oct
115% Mar
54% Apr
22
July
109% Jan
537/a Jun
113'/.Mar
18% Feb
15 >: Nov
11.
13% Nov
13
46% Dec
7
,•
12'/a: Oct
5
50 } Oct
33 >"•• Xl2% Nov '
.7
52 < Sep
19
>
25% Oct
6 >"101% Deo
,7
58% May
7 r xl85% Dec
*23% May
19
8% Jan.,9
4% Jan >4
40% Feb ,13.
106% Feb 13
^>30 » Jan
9
43%Feb
8
54
Jan 21
23% Jan
8
108% Feb 24
128 ! Jun
8
.
_
,
„
■
,
<
,—>•
Jan
123
Nov
4'3% Jan
3
30
Jan
:
r
> /33 ;
Jan
.
Apr
36% May
106'A Apr
50% Aug
36%, Oct
10?% Dec
5%,
24%
105%
13 v'
17'A
15'A Feb 10 "
'133A,
54% Jan
2 ~
42%
17%'Feb *1'- ' 14aA
30
Jan
6
16%
We Feb
7
17
13
>100
Nopar
•
....
47
Dec
7
7a Feb
29% Fed
15
Jan;
55% Jan; 2
,100
(The)——2
Nopar
20*
•-
"35% Feb
17"* Jan. 3
—25
>"
Jan, 16/' 123% Jan 29 ,111 /Sep
Jan413 /• >33% Jan ■ 2
"29%/Bep
Jan 13 "* \ 14% Jan
2 " " *IVA Nov
Jan513
303A Feb
8
24ya Nov
><69
Jan .18
>185% Jan: 2
;
common—,—,—
Jan
-
Jan
Jan
,
Jan
,
Jan
Feb
41
38
•.
^ .42% Jan>16
;i 47% Feb ; 8
108 4 Febnl9 / 115%.,Feb
3
^ 22
Jan> 3 " >25% Jan 31
31/2 Jan: 13
> 4 >Jan ' 2
"19
24%
47
'
1
1^25
13 :
Jun
23% Jan
"12% Oct
28 '4 Oct
27%. Nov
Jan <13
16
20
Co
—
Jan113
79
»
Aug
63%
39
>>>45% Feb 26.
——
♦
*
—
*
16
Jan
/
603A July
110
Sep
25
•
18
1
*_20
Nopar
Feb
69% May
843/4 Feb 27
Feb 13
24
;
—NO par
—
Feb
;28'AFeb
15
i
200
:'?36% Jan
7
*• 22¥2 Feb * 7 >
Jam 16
xl03A Jan
6
Products' Refining,
*
4
Jan' 16
L_20
4 Oct
42'A Feb
x99 / Deo
37 "Oct
"10'A Oct
.15% Oct
"12% Nov
(
10
Motors
"
7
10
16
•
;;
$ per share
:61% Dec
2
46" Feb
16
Jan
Insurance—:
Preferred
Jan
56
!03%.Feb
24 4'
/ ,181/2
> .12%
/,J;lfe%
V.. 12%
'
.•
Highest
$ per share
' 130
10
Diamond .Fibre
3,100-••; Ooty Inc
2,300 i^ coty Internat
,107 ¥2 107 ¥2
1
'
:
28
Jan
-Jan
Feb
100
May
u>
;
,>16%
No par
Trust
>
■;
18
16
pfd
//•
—
Jan
Inc
w
Com
165," Feb
a/165
.
Lowest
per share
60% Jun
, Range for Previous.
////.;'■:■;: Year 1946 '■■'
:
:
lf65% Jan 11
;
Corning Glass Works common—>-5
3%%7 preferred—
>100
.
/■, t
share
Feb
36i/2May
■■■■*.<
•
152% Jan
V
> .12%
Can Inc
Bank
243/4 Sep
/^,39% Nov
,
•■■;:■. r/-/ .;/;//* ;/■>'• :
*>/// :-/•
«
CorneU-^ubUer Electric Corp
Exch
u
.// i Range .Since January 1 >
Lowest
: >
Highest
•
•« $3 prior preferred—:
Copperweld Steel Co
Conv pref 6% series—
Corn
108% Mar
3
1.33%
Continental Oil ot Del
Continental Steel Corp—'
k Cooper-Bessemer J Corp—:
'170
3,200
..70
f
Continental
7
1,000
»" 70 :
1,800
20.'
5,200
480 u
2,100
;41%i 41%
.^108'A 108'A
.
<
"
i
r.
30 'A ,v30 'A
108%
V"!
»a.V-.7.%_.»7% >'
/
s 4% a 4¥8 '
A934
30 3/8
118
"*
t<
19%. 119%
58%;."58% C
>■;
<,.413/4
*487/a
"
293A
4,400
400
,
.14% •
v 54
V-1'28%>28%>, ->^29/:^j29%
307/a
118
16
38¥8 u38¥2 :
*102%.J108%-,:.;1*104% 108% r
•
283/4
;rf-4%
^*38%
-»,
a31'A■ 31'A
■*1031/4 104 7 f
.
-
188'A"188%
,;7%
54
.v,
104
*103%
188%
4
,,143/4
<
•iV
""303A •'•.31%
:
.72%
j, u28%
;ii9— 119%
1207.
37%
:
15,500
:
!<v«49% ii 50% v
.•
55
.,>19%
58'A> 59 ♦ -
31'
' 105
20 '/a
*48
307/a
4
V
<16
>10%
">50
r
1
11%
I.
38% V 381/2
V;*17%->18
*'
19
58%
108%
50
/ 30%
108%
,u
39%
;71/2
■
*54
19%
29%
k
*48
4%
••
50
,11
Jan
May
Jan rl7 r'-vj38V«-Feb
?
^100
Baking Co.
preferred
Jan
77
•
Apr
Gas
preferred—
ConUnental
*] $3.75
Feb
113%
July
No par
< *
Jan
*
62
5,700
800 C
700
4,100
108
44%
No par
11,100
38y* May
"71%
205
_
;4.20
-
;
Nov
•
106
7;:
6%
-.15%
♦
May
108% Mar
Feb :17
/l40% Jari 16
-\A1Vi Feb 28
4100J 147 Jan 37 >454 Feb 7
Power. .Co
Continental
18
22
Dec
240 .;
$4.50 preferred
5,200 /' Container Corp of America
.
313A> 51%
of
••
—"r
Apr
44% May
Feb
Aircraft——1
Consol Retail Stores
RR
58%
27%,Sep
.62
Feb
38% July
>-9% Oct
.88% Dec
;i203/8 Feb
Dec
114
Jan
—
Vultee
Dec
32%,Feb '14
jSn
30%
•
v "2l> :>Nov
,36% Oct
-,11% Feb 10
> 90 a Jan < 2
Mav
'
56'%
''■:'
Natural
53
141
99'/a
Laundries; Corp
Consol
>-
U07 />. 1071/2
>,: 12%: .13
>r
>
>,17%
~14% .k 14%
14%
55"
*105%
v
42%
i 42
7%
17'A
'16%
:
•
Feb
>/•"
5
Jan
.19%
Grocers Corp
3,800
.1-43% £43% 7.
43%
Con6ol
108-
Jan
25Va Julv
15
,21% Sep
48% Jan 30
15% Jan. 16
25%
DeS
Sen
Set
3
,—10
1.300
it,1§3/8ii.l8%
.104% 1041/2
18%
107%.107%
>* 12% (13't
»' 52% f;,52%
52%
11%
18 /
67% Jan
Deo
18
Credit
Consolidated
•.-Consolidated
.
<
-
Feb
37% Jan
59% Jan
22
'
111/4
20
29% Jan* 6
No par
preferred—
76%
V
Oct
7$%
Jan
82% Jan
43% Jan
Feb
preferred
5,700
46%';;. 47
<5
>>1041/2^1041/2
43
>.52%
■
"
>.,18
.
107%
10%
■ :.
37'A
371/2
600
1,600
10,300
114 k;.v>>' ;114 /;>114% *> -./>
t-j
'■">,45%vf 46%
46%
*
12%
12
■V
v
52V4
18%
104%'
"•> 41%
,v
114
7t
-
;
,
-
27%
18'A
27l/2
173/4
363A
373/a
114 %.
18Vb
283/8
173A
>104%
s,'/
26%
18
>16%
47 %
r
.
,*114
„ 45%
•
'
>:„•.; .46%
:
HI4'A/141/2 '
•7 50%.
50% vi„ >
;50%>l50%
f *16.%.tfl6%l-;;:v k<;16%5'J:17
V
38%
Jan
——No par
./•»;
1,800 ;<•>Consolidated
"141/4^.141/4
50
17
17%
521/4
/ *,14
>141/4
14%
50
1H9%i», 191/2
>19%
11% July
24% Feb
No par
■■,.•
36
-
Feb
15%Julv
-
57
f
Aikman
Jan .11
105% Feb 11
Feb
.
19%
/42
16
j,
W£
Feb
Co f (The) —4—No par
&
7% Feb
.
>14
' 14
28
.
,19%
153/4 Feb 11
21.
Feb 18
•
1
'111
23%> ,24%
>73.<23%/24
>
9,900 <: 7Commercial Solvents
:
No par
3%
,:»/. 3% V'3%
r-31/2 '^31/2
'//>99,800>:, Commonwealth'& Southern—No par
122 / >L23% ,>><>>122 <^>122% ,/.;/5,300
1223/4
'■<, ;.$6 preferred, series
No par
116%
>31 % >77 31%
317/8
i::31,A:V 311/2
>
10,500 / 7 Commonwealth Edison ,Co_
i—25 /
30 'A
13%
Xi3%/il3%" / v/;/T3 Mi 13%
1.300 !>• Conde Nast Pub Inc
No par
.7 12%
•29
283A;f 29 •■•!
<*281/2./; 29'." i:
*
2,400 .«/Congoleum-Nairn
Inc
No par '•/,.25%
34 r>;
» 35
35
•'.,>>•//■ r35%;t35%
• i
700 ;i: iConsolidated Cigar
No par
v. 30%
"6%
v 6%
16%
"J763/4:'. 7-K; •,
5,800 i/ConsolCoppermines Corp
5
*
5%
28'/4
28%r28%
>".281/6 ."<28%
9,400
Consol Edison of N Y
No par
26%
107 %- 1071/4
IO71/4"
7/107 %H07 %
/
700
$5 preferred
No par
Xl06%
■"
33%
Oct "
101
.24%
>>>49%
'••/169/a
14%
17
107%-107%
',11% ..12.1/4
34
61/2
28%
49%
-
<
.
,>*107%
28%
107%
19%
137/a
6%
•6%
>
31/2
,<•31%
•
29%
67/a
'-6%
-
•122-%
>
>
34%
"
*107%
,
32
•34
t-
35
r
123%
31%.
,;».H3%
> 29 '•
13%
;*34%
3 %:>/>■
'3%
32
137V
•
'/
23 %
24%
: 23%
Sep
,
18
'
>: 24%
Oct
7
••^3%
27
Colorado & Southern
100
'A"4% nbn-cum 1st preferred
,100
4% non-cum 2nd preferred—'_100
; /■ Columbia Br'd Sys Inc cl A
12.50
••• Classr B
2.50
/ 'Columbia Gas & Elec
No par
/ Columbia Carbon Co
,'
No par
v;-Columbia Pictures'corn—'
No par
$4.25
curi pfd. w w
No par
<7
Columbus & Southern Ohio Eleci-10
;
•7110
AVA
■"'
110
>11%
■
Jan
13
...
v
110
14% July
17'A Jan
Feb
^-*-1.--
:.i $3.50. preferred
260<'
v. 191/2 ;t 191/2
.
Oct
Jan
,
900 2.-Collins
//:'ll ■'! il!4i
/:/ 34 -v;,, 34$ 33%j/33%
>...,20 ♦•£•.'20%
0: -201/2 4.201/2 '-U
♦.24%
•
47%
110
*
> 293/4 .30
;
.11%
Uv
.43
45%
♦29
>34
*
84%
46%
i.
'
/
,*133/4 ;,15'■■•>■•:.?»/' .*13%
143A
/" 29%H3Q%:>, : t 29%k30%'
'
■20 Va
:
111%
,v
/.• 19%*: 19% /
Nov
57
\
Class A
No par
/"'.Coca-Cola International Corp No par
3,500;
• Colgate-Palmollve-Peet
——No par
conv
.
:'7%
:/5%
9'/, Jan> 2
^ 8% Feb'
Jun
18% Jan
44% Sep
-V' 178% Sep
V; 94% Jan .28
-.95
,Jan 28 >, 105 fHan
"111
Janv 3 •
115%,Feb
4
,109 -^Sep
"62
Jan 16 " -755/« Feb 24
52 / Sep
''.'106% Jan' 10
108% Jan 11 /
106
Jun
—
/
.:»;15%15%//"i'»i5%-;.15%15>-5i-;.153A T»;?<:^4:*14,%t'15%/'
,(•.•29%
■
180
'
'
493/4
in 102 ;;vl02
42
^42%
Coca-Cola
500
> '
,19%
>.vA13 %
47%
v
26%
;
Par
->19 r.
15%
^
85
47%
49'A
v,
66%
Oct
.
Jah^-.^ ^JIs.
No.par
Iron Corp
29%
> 20%
/
''
42 u :>
' ,54% Jan * 2 : '. >48% Oct
'7% Feb : 3 •
«%.,Oct
r
19
,
/>' 15 Uf4;15% :!//:•% 15% s'S 15% >/4 25,100/>Colo Fuel &
29
■>•341/2
V
'
/
»—
17.1
50
EXCHANGE
;
,
;(15%
15%
•■:■>
,}159
491/2
42
25% Mav
v: >12%
Feb/,14
-H/'- "■'■>//:;>;
Shares '
-
Apr
32
Feb
-
98
Oct
Jan
17% Mar
5%Jan: 25
50
Jan
25'/*
114'
Sep
No par
Preferred
^'
14%
.
28%
11%
*157
*900
105--
12% Oct
*•'
44100
Clinton Industries Inc
,/.' the Week
t,°63%.vi64
.
43
Nov
,29
47% Jan/; 3
No,par
Cluett <Peabodyv &. Co—
'■ / >10
>;
25% July
Nov
213/4
,
-
iulOO
—100
>t'->>>/:,,' Z-
Feb. 28
Jan
23%
7108
Janv 6
\;24% Jari: 13
——No par
Ry Co
>
-151/4
;
,
491/4
1,500
/■•'«/;■ 3,200
$ per share
14%
7
-.27%Jan>27
—5
—:
Louis
Clev & Pitts RR Co 7% gtd
Special gtd 4% stock:
Climax Molybdenum.
—
,
•,
101%. 101%
•
••'*141/2
29%
11'/4
*84"
j4Q%
102 >
St
..'42 %"
.42%
*14'
16
29%
*28%
i
<102
;
"60
(J
It
'. Clev Graph Bronze Co; (The)
« 5%
preferred-^4u
/
4,700
/
.
471/4
Stores—i
C
preferred
Clev El Ilium $4.50:pfd
210,
:»>.
•
m
;
64
<•
,-*900
*
.
«
><>159
64
,63%
3,300
C
5%:
•
—
^
3734
;
r
City
—G
i:
-/
3
23
Jan ,13
Jart
Jan
<20% Feb 13
Jan,, 3
86
Feb
May
10
Feb
llQ3/4Jan
(44
Jan"
2
15% Jan 13>
8.50
•
«•/>:;/:-u ; •/
STOCKS
-Friday
///.Sales for-. •:,•>; .;■ .-..NEW YORK; STOCK
Feb. 27
159
nnn
100-
>1 >/*l51% 156- 4
T' j? per share
;
>*15%
..■.>15%
21 '/a
.
158
15%
*15%
15%
29
>
.
v
22%
46%
,
•
17. •%•/:•■;
17;
156
37
-^"Thursday
•
'
19%
15%
"i *14
>431/2
••>;.■>
15%
•js.
*15%
t CLOSED
.63%
•j
50%
102
161/8
20
^151%
Feb. '2G
156
42%
/15%-
46%
156
56
;
/ 221/4
.
36">363/4
46%'. .47 4
*900
> 42%
43%
V
;
stock
64%
■.*101%
43%
.36%
*52
•.
*22%
21% Jan
11
—5
pas & Elec common
5,000v
r99% ,,99%
"
57
■
21%
■i S per share
~
160%
50%
>
98
*53
;
'
?
»1107Va 1071/2 j.
'//-/■v/
,
per share
r*: 900
102
,
«
159%
•"63%
641/2
»*.■■>
.
/•> '50 %
/
: .J?Feb. 25
,
163%
per
*162
98
57%
LOWLAND MHIGH SALE PRICES
Tuesday f •.;
Wednesday ^
;
Feb. 24
0.5
»*107_^ 107%
51%
Feb
—^29" * ,4Q
Corp.—
400>Clark Eauipment-
.
::.'/71 7 /'73 K>; /.VKe: 72%'773
f
101
22
180
-
j
*92
^i96 •
i*lll%>112%
V
.vv
•
K.Saturday
-
96
;t
! 111%, 113
108% 108'%
21%
:*168
>;
/
A'?L <"/:•
';
''>1
.l,
i> (492.
96
/
/'
Sep
7,100
61% #^i*61.Hf >61%>
H80
.*J68u<
i'72%
*98
.93^'
!*
^ W
31%
6
28% Jan
•
Jan
42'%
27
par
5aS
V 23%
24
13
C 1'T* Financial/Corp——Na.par.
"42
Febbe
1
' S
far
>30% Jan 13
1,600 t>;City Investing. Co-_ 4
4-5 • / 9% Jan, 16
; ^V2^KPreferreci-—
-100 / 84
Jan 28
,U43;.'43%
Sep
8%
Jan
Jul?
102%
:20% Jari'.,16 >->26' Jan 2 ' ■::>vl7 -v Nov
54 Yi Feb/24 > '55 Jan{ 2
*45 > Dec
«i84% Jan,^ 9. t. 56^Feb ,U h /55
Deo
—.
^ Preferred
_L—4————4-100
2,800. / Cincinnati Mlllinr Machipe C04-10
•
•
?nv"
;49
4
'•-"*53 /'
>
'26
Dec
Dec
13
,"r, 8
89
>■
14
Jart >13
Corp ,(The),_„
4
Anr
116
11
Jan
-—25 ' ; ,50% Feb, 26
NO par • ;; *5% Jart;:i3
11?% jSS
26% 'Nov
Jan
,»;23
13%
•
34% Jan
-1:25;/ ,15% Jan 13
1-5
v
33 > ?Jan 30
143/4 Feb ,18
108
.
17%
''Sep
Jan 31
,
6'100^
•
?-;"
180
22%
425%
'
43%
^iov
11
112
,
101
•"
;42%
U2
4
,23%, „25%"
..
•42%
v,32
*92
t4%.
* *98
25 Ku//
>12%
13,;
17"% Jan
r___No par
^.un^ld® CO——.No
'
21,400
4inSi? i?5v
./ 4! 109% tllO%,%, 110%
110%
Feb
26
Chicago Yellovf ,Cab——4——NQpar
Chickasha Cotton: Oil——-10
1,9p?
; 50
'
v70
v'5
1Q7
';/>•' 21%
>38
^45%
•
"V
114%
•73%
*28%
U95
/'jin
Oct
9
4
23
2,400 v>Chicago Pneumat.-Tool——No par
300^$3 conv preferred—.uNO-par
iSJ ^fc?rvpl
iTldlv
^,par
98%
97%
,
29
1/8%
2
Feb
38% Jun
<
Sep
Series, A
4,600;
'151/4*
19
'116^
.
20>'
2'
*
\siV jSS
22%' Jan
Jarr '13
,14% Feb ' 8
!ll% Sep
preferred^-—,4—-1U00 * ,t31 / Jan 13
'/38% Feb f 7 •"
30% Sep
& Northwestern——Na par (vf/17% Jan l3
>27% Feb 21^15% Sep
preferred *4
'
iuioo
41% Jan/16/
53% Feb 13
34% Sen
7,100;
■
v
<
'19<•'
'
^6% ,, -6%
i.42u,:.u42 ; :
<49
<^24 f>,^24%. •
vJ5J u55%;
fi
•
19% ;.-197/b'
..
u61%
..*168
97
•
*54
22%
37%
:
V.7/
^14%Afl5%
.
'
,
23%
-
Oiav
;
„.
93
181/4
.<
180
106%
58
22%
■r,
♦99,
*88
6l\ ;>/% 61
.
112%
.>74% ,'75%
.*106% 107 - *98
106% :*•'
,
;
•
^
4$'A
.
,4*54 ,/» 55%
142
10%
;
19%
61
*168
115
,
.
93
,18%
;
.
1:42
i 31%
.
10%
*89
20
62
1*114
;
.
f 6%
24%
44 ,
32%
,
10%
l.
.*1091/2
;
26%
43-
,
• 180 '
•
112
25%
.
10%
93
.,.*611/8
.
;
:t'28%
28%
*1091/2
33%; _;-32%
.
A:
*89
v:.u rv: i
28%
'
44%
*32%
uMi
i. V-.V'-'V"'
■
61/2
l.
<493/4.
-
23/2
•
55%
*15% /
,;20, •
'*14%
.49%
i
41%
101.
,
.
>jS5VJ. ,/>„
*55
551/B
:;98.'/4
,
23
v.49
.
Jan
.10% Jan
U22.200; />Chi<j Milw St F1 P,vtC—Nopar //til
..
i4a<
|24
* US* l?t
54y4
8
1
5%;- preferred———-u—50 >> 12% Jan 16 :">,15% Feb > 7
Chic lnd & Louis-Ry Co cl A-125
,7 8
Jan, 16
/'>10% Jan'30
v Class- B„„„.■
No par5
Feb:H3
•/ 6% Feb .;4
,
25%
•
preferred
Chicago
1,500 '
2,700 .
-."500:
12%
;Uil2% !>yl2% v' ^7l2%
/i.l2%^
v35.;u;;' a;.;34%7;r35%
34%wl35%^
*54
.
20%
*40
/ ;-29% 29%
><*10914: 112
*
v.
;267/s 26% >
'
.
551/8
15%
20%
20%
,
-33%
par
1
j-Glass*
-
-
51/4"
23% Sep
r
3
Jan
-
Tan
48% Nov
41% Jan 17
31 % Jan 23
•f
-
■
k/54%
i
6.%
15
*20
> 100 V2 101%.
f >>>>>> >>>>>!••>
>'/•'-
>
; :
54 %c >
55%
6%
*40:
*
11%
.
361/4
24%
*55
'^
131/4
,>•34%
27%
-> ...51%
•-24%,
>» 54%
■
A121/4
/
36%
26%
%
>:->>>
;29
par
Jun
5?y S
22
;>8% Jan 13
Co*—...
Products—^
Jari
f)0
55
1R7
SJI
Feb
"
600 ff Chicago Greati West RR Co--—450;":./63/4 Jan :13.
8%'.
•
,.100
Checker. Cab «Mfg___„
8,600
4
;/13% >133/4».
8%
Sugar
V
t per share
Nnv
157
7
1
;
31^ Not
.
>21% Jan ,6
;»u-9% Jan 25
>412% Jan' 13
serHOO
Chesapeake Corp of Vau——
800-
>/•
.
7
par
preferred.,100
J > > 13,800 • f Chesapeake & Ohio Ry^u
' 7'2S?i v:"% & East m. RR CO-
7„
V5%/,^-5%
$4.50
/
100
I
S
:
''>11% Jan' 16
No par
Champion Pap & Fib Co_____No par
1,500
<
>>;
8%:
^
>"13%4r13%
,
;ii"5 %u;:
15.1/8
35%
>'■•■>,/>'/
'•
V.13%
.
.u,;g
'KJI/V
.
;
l^R'/o Jan
17% Jan. 17
Chain Belt Co
50,,
.
*10%" 10%<
,
-
[
' r
•
1:8%
,
"10,/
;13%
;
10%
8»
Certain-teed
200
^
4%%
.'Central.,yioleta
2,700
*1091/2110%/
Lt
tCent RR of New Jersey
12,100
25'/2
'
6
i
tlQ%
■
18%
28%
>18
4U*27
Central/Ill
700
.25
f'39V,Feb 13
■
•
13
1
700 ■- Century' Ribbon .Mills—
No
6,300 • Cerro de Pasco CoJ^erl—!—No
'
,
'.727% •• '0:2*21 .,,"'28%
.4/50%'7 50% / > >,,.50% V51 >
';•
'
:
700
\\
f
,> *28,-
.
,
110
>■>">17
'50%
;' ic5%
,/•
>.7VB v
•
110
%7%
.
i64
5? 10% i 10%>
>
109;,
14
Central Foundry Co_._„.
f, Centfal Hudson G & E Corp_No
70
>32/.■;.••■:'
•
v/u:-'48%
,28%
25'/4 A25i/4
27%., .>,!■ *261/2
51%
50%
.
,57% Jan
P°r
\
Cent NY Pr Corp pfd 3.40%
:,l 333/4 -341/4" •
18%
*27%
251/4
109
:
No par
143% Jan
<
'."10
13
/4
♦
94
/
31 >-
1 4
28
25
110'/a
,"17%
18%-
Tractor-
iali16
Feb
3!
ilt
152
'-
C^eXnrSerr?^""'"""'*""'":2Vb P?I
32% Feb ^4>;
> Central ^guirre_AssocIII-IZiN6*par l>f{2l'< JaS> 2if >V22% F?b It
4,500
1,500
n
"
,
10
;;•>>*91
I'/ lon
'32%
*27%
,
25%
,,
*18
.
28
■;#;}$£10
94
;
"
.
—""tS
Ctn7Cf1 Cforp ?f A"}er com-N°
2,000
.12%
.
" 30%
18%
.
1-121/4
v
'
:*X13%. v13%
18%
■<
12_
123/a
V>"9%;v*10%
y>
-.,iio%
l.3Q%
132%
10%
^'"'Joo
^21%.f 21^^i^21%f;21%4'
V12%
.10 >
,94
22%
19%
.Caterpillar
17,oSS
.<>;
"
•
.21%
*92
' '
1
AtfS^ in?./ >
>/^21V ll^:;
io?'?/<-
:
U;.',raf.rv;'A
^ per SA0re;:.V:» per sAar.
""pr/Z/rt C0
Preferred
■
6a^v ••>;>£ 60 v: ,60 >:>>,">;•>■:>'2,600
I'
107%
>112% 113
1
•10
14
■
*-.32%
:
•
60
:;i U,; U, 'V:K
,
.30 '/a
•
31
> ? '
;
l47Va
.
»
154
19
•
10%
14
.
33
•
60
*21 %
•
10%
30%
10%'
*145
t Ver shareShares
■•152,4'154'-~^■'■"/-•■ ,11^-2,1!X
,.152
,152
10.lou
<•29%
>'
*
114
95
10%
'30%
14
22
■;*10.
:?■ 10
\t 114
36%
107%
\
32%
' vet share
v.>.
154
no7%
107%
31'A
35%
.
*152
61%
19
'•>145
per share
1)1.59%
V;* 18%
20
■no 7%
STOCK
37%
154
*152
-
61 %
'60%
19%
*
: 36
154
\t
share
per
37%
37%
<*150
:•
'
Range for Previous
Range Since January 1
S.'-WJST"-v5KSi*V
■
....
'
$per share
>
^
7% Nov
4¥s
31
101 »
28
3247
25 tt
103 ♦
j
.110
Oct
Oct
Nov
Sep
Oct
Dec
Oct
Sep
Sep
63
24
Jan
Jan
493AMay
30"% Feb
56
Jan
23% Feb
;,60
Apr
27Va Jan
67% Jan
39 % May
109% Aug
75% Deo
210% Mar
14% Apr
7/a Jan
49 A Jun
110V, Aug
35 A Jan
®2, ^
54% Feb
40 A Apr
H2
>150
?
Apr
.
THE COMMERCIAL & FINANCIAL CHRONICLE
(1200
LOW AND
Saturday
; :
>
HIGH SALE
Monday
Tuesday
Feb. 24
Feb. 25
Feb. 22
S per
Sper share
35'/a
33
94%
94%
94
94%
93
32
31
31
30
30
18%
19%
18%
18%
18
18%
*165
185
44%
*165
45%
185
43%
*165
45
BTOCK
^98
99%
*99
99%
18%
*18
18%
•18%
54%
54%
*53%
55%
10%
11%
10%
>
*130
132
:•
69
129%
5%
6
20
*28
>,
130
101
18%
—
'
18%
3,500
»
I?;;
"
200
100
„
*53%
10%
;
130
V 69
55%
:
10%
¥
Cuneo
100
10%
11,100
130
130
70
28'
5%
5%
5%
19%
19%
19 %
*129
135
27
27
V'
*129
>
; :
1,600
135
x27
5%
V 19%.
6%
19%
*129
.
27 "•.
Inc
Curtiss-Wright
Class A
;
4,700
18
Jan
13
165
Jan
7
40
Jan
131
Feb
35
19% Feb
5% Jan
27%
Cutler-Hammer Inc
700
129
No par
Jan
28% Jan
165
Jan
Oct
i
-
66
Jun
Oct
106
Mar
7
16%
Feb
5
45*
Sep
12% Feb
5
10
82% May
Nov
26
Feb
4
103
69% Feb
18
60
135
Nov
"
24% July
Oct
Jan
146% Feb-
Sep
.
76%
Apr
17
6% Feb
8
5%
Oct
Jan
16
20% Feb
12%
8
.17%
Oct
Feb
18
34% Feb
128
Oct
129
Feb
18
30% Feb
v;
1
'
27
46%
Jan
95
14
19
Oct
160
10
56
16
60% Jan
Oct
10
¥
54% Feb
115% July
Dec
17%
7
1
100
pfd
46
15
1
1
Cushman's Sons Inc 7%
—■
Jan
13
113% Jan
88%
22
6
$ per share
Dec
100% Jan
13
Jan
8% Jan
29
21% Jan -2
165
6
52
No par
No par
:
29
Jan
34% Jan
'
Highest
,
$ per share
13
96
16
17% Jan
Lowest
$ per share
16
98% Feb
.J;
37% Feb
15-
89% Jan
5
$7 preferred
Prior preferred
;
15,800
135
Press
<—
Highest
share
27% Jan
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The)
No par
200
*69
;;
69
y
5%
135
28
68%
19%
,
20
*129
28%
130
68%
G
1.9%
135
55%^
10%
•;
2,700
'
69%
5%
20%
*129 '•
10%
100
100
10
100
30
100
Range for Previous
; Year 1946
January I
.
28% Jan
5% preferred
'/ Cuba RR 6% preferred
Cuban-American Sugar
7% preferred
Cudahy Packing Co
4%% preferred
V:. c
45 V;
44
*98%
18%
*53%
56
130
130
69
69%
44%
101
*18
$ per
P**
-No par
520
185
"
Crucible Steel of Amer
1,000
....
18%
*165
,
i
,
3,100
31%
18%
175
*99
93%
*31
'
v
Ranee Since
Lowest
EXCHANGE y-v
.
Shares
34%
*
"•
1
'
" ' NEW YORK STOCK
.
y the Week
*93
,',r
18%
43%
18%
10%
92%
32
A
*165
100
'*53%
'
11
92%
30
44%
100
*18
34
STOCKS
...
,
Sales for
$ per share
,v
34
*18%
175
43%
EXCHANGE
CLOSED
33%
,
93%
32
Feb. 28
$ per share
33%
-
^
Friday
,•
Feb. 27
t per share
34%
33%
-
.
Thursday
Feb. 26
S per share
share
35
PRICES
Wednesday
*
Monday, March
27
Jan
16
25%
Dec
145
Feb
45
29
.,
July
May
July
D
28
28
28
28
*94%* 94%
94%
94%
'18%
19%
18
18
18
18
18
18
19%
20%
19%
19%
19%
19%
20
20
33%
33%
31%
33%
32%
323/4
32%
33
27%
.
27%
*93
.
*27
94%
27%
94%
*27
*93%
94%
27
94%
18
-
.v
y
111%
22%
21%
22
21
21%
18%
17%
17%
17%
17%
¥ 17 3/8
18%
39%
39%
38%
39%
'j, 17%
36%
.38%
3 7 3/8
383/4
38%
w*
*37%
38%
x42%
43
*37%
•
38
41%
112%
38
91/4
9%
26%
27%
8%
9%
26% f
21
21
¥"■
20
y
*60%
;
>
"¥■
20%
30%
42%
*46%
*
16
19%
*19
29%
*40
24%'
23%
23%
15%
15%
15%
33%
33%
52%
53
30
3i;
33%
-
30%
34%
33
35
:
20
72
72
29%
y:
.
*113*
114
20%
21
173
;
173%
,
114
*96
■i
18%
99
'
17%
32%
190%
191%
17%
17%
31%
29%
30
30%
34
205/s
195/s
,
70%
*167%
19% •5193/4
*96%
98%
:
17%
18
*30
V
195/s
>125%
126%
114%
114
18%
18%
116
18%
18%
*18
18%
98%,,.
173%,
:¥ 31%
189% 190
190%
126%
*125%
114
126%
13
60
&
19%
Du
Dec
31 %
Dec
33%
Oct
58% Jun
42% July
50% Jan
•
P
Jan
21
Feb
Oct
16 V*
Jan
Oct
28
Apr
Oct
77
'16%
Dec
195/s
Dec
15%
Oct
24
Aug
23%
Sep
'39% May
34% Oct
24
Jan
6%
13
22
25% Sep
50% Apr
50
Aug
•
2
23
-
60
Feb
3
;
12.50
27% Jan
14
¥
395/8 Peb
27
43% Jan
18
Jan
2
143/4 Jan
11
,; 18% Jan
2
143/4
Mov
30
30
13
35% Feb
24
28 Va
NOV
52
62% Jun
2
49% Jan
3
Jan
50
Jan
25
y 24% Feb
13
2
Jan
31% Feb
47
>
17
42
Sep
-16%
Oct
34%
Jan
July
Apr
54
.Feb
48%
No par
Sep
29% Feb
26
34
Feb
10
25%
Nov
48
5
29% Jan
16
37% Feb
13
x233/4
No par
Bep
16% Jan
3
21
Feb
11
f 16%
Dec
37% May
293% Feb
Co
76
Jan
163% Jan 20
181% Jan
2
111% Jan
10
114% Feb
14
50c
18% Jan
16
22% Jan
94% Jan
13
16% Jan
16
68
100
.1
(EI)
& Co
P W Q Clear Carp
20
26
Nov
108% Mar
Feb
192
Jun
Dec
118
Jun
30
98% Feb
19
91
19
Feb
10
15
Oct
34
v
>635/8
143%
Feb
6
25
Nov
Jan
13
194% Feb
1243/4 Jan
13
127
113
Jan
14
115% Feb-
16
Jan
6
180
Mar
111%
y 15%
H
r
7
-
100
pfd
_
Feb
28% Jan 23
J—No par
1st
■
7
No par
No par
Nemours
8
No par
No par
common
conv preferred
International
de
21
Jan
25
No par
$4.50 preferred
Duquesne Light 5%
1,100
22%
19% Feb
Corp
Chemical
Dunhill
y—ft
,
Apr
Nov
No par
25
Duplan Corp
r
34%
113
17% Jan
Raynolds class A
A
33/4%
,
I"
19%
Jan
60
36% July
Jun
■
3
Detroit Hillsdale & S W RR Co—100
Steel Corp
1
De Vilbiss Co
5
May
31 % May
Nov
3
27% Feb
$4 preferred series A__
Dresser Industries
.:
3,000
*114
».
45 V Feb
vJos/a Feb
Dow
900 '
;;
34% Jan
Nov
34
16 %
38% Feb ;20
9
98 %
'
171-
10
3
200
,m'.
.*yy; .y 700
.
40 3/4 Feb
13
Douglas Aircraft
.
6,600
v
;
*31
19
126%
*114%
1,400
y
.
'.I73/4
:
31
*125%
113%
*125%
19%
16
13
Class
400
*963/8
18
-
190
116 ;
3.200
.
Jan
Dec
Nov
110%
v
11
34% Jan
;.100
Dome Mines Ltd
y
,.,
¥ 203/8 Feb
6 3/4 Jan
6,700
*
;
13
25% Jan
Dr. Pepper Co
Doehler-Jarvis
1J3%
6
Jan
:
16% Nov
281
Sep
13
.
20
3,900
y
-.
169"%
113%
189%
126%
68%
168
187%
*114%
;
113% Jan
17
Distil Corp-Seagrams Ltd
__2
pixie Cup Co common.^.M.J7opar
,1,700
.
35% Jan»
.j
Sep
91%
117.
20% Feb 24
50
110
r
20%
68%
Delaware & Hudson
13
Feb
35
Detroit
1,600
...if,'
114
1923/4
*126
\
20
y
28
20
Detroit Edison
11,500
-
"
167
31%
,
S;r
30 % i
333/4
52
Preferred
-
Diamond Match
900 /./ ; 6 % partic preferred
-
333/4
'
190
34
52
*
*31%
15% f
*32%
■
53
18.'
11
1,100,
/ ;•
-
23% Feb
Co
2,100Diamond T Motor Car Co
*113
99
31%
153/4
y
*69
'20%
*96
233/8
193/8
114
19%
46%
233/8
15%
32%
171%
*113
46%
23%
15%
16
2,900 ,'Devoe
•
t,
30
;
69
166
y
41
34
19%
68
20% ,■'20%
97%
18%
71%
*113
y.
-
97%
70
40%
U'
y.
17.
Rubber Mfg
943/4 Jan
Delaware Lack & Western
.,
i¥y/y 1,000 y
29
*51%
33%
18"%
19%
*3f&3/4
463/4
oo
,30
323/4
19%
19,
174%
¥: 174%
¥
c53
,
¥/ 34%
1
19%
19%
25
110% Feb
y 18% Jan
—50c
50c
No par
■,
; ; y.
•.!r
1,200
,
20%
29%
39%
33
*51%
*
67
463%
^40%
,463/4
'
35%
.9%11,800
< yy
7,300
23%
*46%
200
26%
¥*20%
19%
29
-,:;yy 2,400 y
y
16
(The)
Corp
,'Decca Records Inc
■
ry,.
16% Jan
'■ 31% Feb
5
Deere & Co
5,700
5,700
41%
*61
.
¥
20
29%
5
47.
9
.yy
10
1
Dayton
373/,;
263/4
!*
67
"
29
15%
v
y
53%
30%
*18%
41%
1
9%
20
17%/
38%, y y¥
41%'
26%
*61
20%
23%
V
24%
•
41%
46%
15%
34%
19%
30%
8%
y,
70
1,600 /'
;
30% Jan
3
13
Chemical
93
3
Jan
16% Jan
^Davison
6,500
,
26% Jan
1
100
Dayton Power & Light Co. (The) __7
4%%
preferred
._100
5,500
,
211/4
*37%
41%
265/a
26%
67
19%
19%
47
24
V. *53
21
29 %
30%
42%
0
„
*61
110%,
21%
,37%
40
8%
.
26%
68
20%
j.
8%
•'
27
1
68
110%
.
21
37%
/
40%
'
*63
110%
21
38'
: 40
42%
110%
400
20%
18
"110%
*
33 J/a
22%
Dana Corp
Cum pfd 33/4% series A
Davega Stores Corp N Y
60 *
18
19%
-
500
;
33
i
•
>110%
111%" 111%
%v
'
:
10
Oct
33% Jan
Oct
116
Apr
41% May
583/4 May
161
Oct
227
Jun
124
Dec
133
July
5
112%
Oct
116%
28
13%
Sep
Jan
7
19 % Feb
•
21
Feb
May
LOW AND HIGH SALE PRICES
Monday
Saturday
Feb. 22
-
S per
Tuesday
Feb. 24
y
S per share
share
24
21
y
223/4
42
v
:y«-'
229% 230%
>195
STOCK
•'
■';
195%
,
56
23%
/
CLOSED y
26%
24
8%
8%
63
15%
15%
38 :
38
3%
3%
19%
yy
170
■
i.y
'
i- '
14
19%
'
'V..';
107%
',•(
*108%
3%
56%
42
29
8%
!
'
;
'
8%
y'y
•yy
8
*103
1033/4
103%
"107%
1073/4
108
*109
11
*106%
107
52 v
106%
; 106%
24
7%
22%
*106%
40%
X51
12%
24%
107
22%
*105%
24
2334
243A
25
*24%
55%
56
59
:
60 3A
1063A
106 3A
56
19%
19%
34%
35%
109%
*39%
110%
i
■
40%
40% V
8%
*73/4
8%
16%
Nov
51
Jan
30
30%
Jan.
61
235
Feb
28
200%
Oct :
263
Apr
196% Feb
27
190
<Nov
209
Aug
11
!39
Oct
71
Feb
3.200
5%
48 3A Jan
14
22
Jan
104
Jan
7
Feb
4
24% Jan
16
27% Feb
17
17%
Jan
11
111% Feb
15
106%
Nov
6% Jan
13
8% Feb
18
6%
Nov
53s/a Jan
16
65 3A Feb
13
50%
Oct
80% Feb
13% Jan
13
110
1
ft.
j
:
3
No par
163/a Feb
Buffet
112
Aug
27%
163/fl
;
Dec
Feb
114;
Jan
5
123A
Dec
353/4
Apr
343/8
Oct
48%
Jan
14
3%
Dec
7%
Jan
13
193/4 Feb
8
133/a
Oct
29% May
Jan
Jan
27
4
Jan
12
/
<
Feb
24
138 ;
Sep
180% May
4
156% Feb
24
128
Sep
167
3
50% Feb
1
40
Oct
4
44% Sep
61% Jun
Feb
;
July
56%
Jun
15
15% Feb
21
11%
Nov
30%
14
i213A Feb
6
43% Mar
19% Jan
8
17%
17
Dec
Feb 28
Nov
21%
2
75% Feb
27
8
106% Jan
27
104
Jan
•f 20
com
y 55
Jan
66% Jan
'
170
17% Jan
y; 18
,
3
Jan 13
103% Jan
108
Jan
•
33% Feb
7
18
105% Jan
30
106%-Feb
11
110
28
63
*
'■ Oct
104-
Sep
,21
..
Oct
Feb
Oct
102% May
111
Jan
41%
•
Apr
110% Jan-
100%
Sep
106%
2
Jan
102
Sep
110
111% Mar
Jan
Mar
No
2% Jan
2
10% Jan
No
13
54
Jan
10%
w.
3,
Jan" 16
104%
Dec
2%
Jun
5%
3
9Va
Oct
23%
Jan
67,
3
48
Oct
93
Jan
Oct
95
Jan
3% Feb
!
Co
'
Feb
135/8 Feb
10
Jan
Oct
•22%
Jen
11
24% Feb
15'>4
Oct
Feb
333/4
Apr
26
25% Jan
21%
Nov
58%
Apr
37% Jan
14
42% Jan
343A
Oct
63%
Jan
7% Jan
■ -
19% Jan
20
•
1
2
13
12% Feb
90
Bldg
'
Exchange
40% May
Oct ;
Oct /
10
49% Feb
No\
.
Dec
3"% Jan
47
No
.
.
39 % Jan
143
ff
.
233A
101
6
No par
3
Ex-Cell-O Corp
X'"
;
7
.
2
153
No*
Eversharp Inc
■y 1,100
25% Feb
109
Jan
No par.
No par
:
Eureka Williams
Corp
Evans Products Co
2,700
15,000
15 ¥
Feb
3% Jan
37
f
Gas
Office
,
57
143/4 Jan
No par
Battery
RR
'Jun
7
100
common
Pitts
31% May
Jan
pref series A
&
30% May
190
0
preferred
RR
!
1
preferred
$5% preferred
^Equitable
21
4
$5
Erie
243/4 Feb
13
preferred
¥$6
2,300
v
;
Sep
24
3
Jan
*
Engineers Public Service
•\
10,900
i
21
53%
29
8
8
22%:
107
;
22%
*106%
17
Oct
11%
Jun
"
—
Corp
s
19
16 3/4
*38%
17%
14%
14
14%
85%
27V'4
85 Va
28%
*26%
*23%
26 3A
*26%
263A
24
*23%
24
*46 "
47
46
17%
17%
17
17
35%
*100%
35%
101 Va
34
101 Va
Fairbanks Morse ft Co
4,200
Fajardo Sug Co of Pr Rico
Farnsworth Televls'n & Rad
;
23 V»
*106%
*41%
43
413/4
413/4
53
54
54
13%
13
133/a
23%
107
24%
"23
231/b
107
107
24
24
55
19%
39%
56
19%
33%
*107
1063A
56
19%
34%
110
22%
106
*24%
*23%
59%
58%
106%
57
19%
33%
;y
23%
8% Feb
7,100
17%
17%
17%
17%
17%
14%
14%
14%
143/„
14%
85%
*85%
87
85%
85%
273/8
27%
27%
27%
28
26%
.*26%
70
700
5,900
800
2,500:
t
3,500
400
2,500
26%
*26
23
*22%
23
22
22
47
200
46%
47
46%
46%
900
16%
16%
*16%
17%
600
100%
100%
33%
101%
*100%
34
263/4
34
100%
20
1
Tq
& Rubber
4%% preferred
First National Stores -z-—-No
$4
(The)
Carpet Co
Co
(The)
I
7
Food
Fair
Stores
Inc
prior
Jan
30
7
24% Jan
21
1
9% Feb
3
108
Jan
29
2
35
24
26
21
16
Jan
104% Feb
14 '-
233/4 Feb
20
22% Jan
13
54
3
13
10
53
Jan
30
14% Feb
-
Oct
Nov
Sep
26% Feb
10
26% Jan
4
59% Feb
28
61
21
Feb
107% Jan
60
Jan
3
-6
29
2
13
110% Feb
25
11
41% Jan
6
16% Feb 25
Zl'Jfopar
17% Jan
20% Feb
23
_i0
14 Va Jan
Feb
19%
Sep
Feb
34 Va Mar
Oct
70
Feb
51
Nov
83%
Apr
Dec
109%
Jan
52
Nov
16
Nov
25%
Oct
105
70% May
28% July
46%
Jun
115
33%
Oct
57
6
163/b
Sep
20% Jun
7
20%
Oct
29
13
19% Feb
7
12% Jan
17
153/i Feb
13
15
94 Va Jan
7
11%
Jan
12%
Oct
71
Sep
21%
Jan
Apr
Jun
Feb
23% May
100
Apr
13
29% Feb
13
19%
Nov
49%
25
26
Jan
13
26 3/4 Jan
15
25%
Feb
Feb
28
253A Jan
6
203/a
Sep
Sep
28
22
353A
Jan
_i0
45
Jan
16
50 Va Feb
10
45%
Sep
61
Jun
22
18
16
Nov
L_
inc_l
common
1
33
Jan
15
IIIlOO
39
Jan
2
28% NOV
100
Jan
11
101
Jan
9
99
cum
o
49
1053/a
Froedert Grain St
Malting Co
4%
Jun
34% Aug
Nopar
preferred
Francisco Sugar Co
Freeport Sulphur Co
Fruehauf Trailer Co
21%
108
Sep
82
22% Jan
Feb
Feb
10%
373/4 Jan
—II10
112%
Dec
21
21 % Jan
Feb
Jan
543/4
104
13
26
Feb
Jan
26%
45
6
8
16
Feb
36%
19%
Feb
27
17% Jan
39
May
88
;
Oct
:
107% Jan
313% Jan
1053/4 Jan
Sep
Sep
25% Feb
6 ■:
Jan
10
100%
42% Jan
21
54% Jan
Nopar
20
54% Feb
.Jan
113A Jan
105% Jan
ill
Sep
73A. Dec
44
25
No par
47% NOV
21 %
¥
39% Jan 21
ioo
par
Jan
313A Feb
No par
No par
preferred
Food
Machinery Corp
Foster-Wheeler Corp
106
60
•
No par
com
Florence Stove Co
Florida Power
Corp
Florsheim Shoe class A
Follansbee Steel Corp
6%
3,200
•
Firestone Tire
Firth
21%
*100%
!/■
Flintkote
.
No par
com
Enamel
Fidel Phen Fire Ins N Y
5,300
*20%
16%
Ferro
2,300
21%
__2
___g
* 5
34%
16%
No par
Mfg Co
Corp
19%
110
16%
15
Tarrant
700
16%
22% Jan
100
900
16%
15
preferred
573/4
*20%
34%
Felt &
600
59
16%
13
conv
1063/4
21%
163A
4% %
1,800
y
26
16
7% Jan
Federal Motor Truck
1,400
*108
-Feb
25% Jan
Co
Federated Dept Stores
100
51
20
Corp.l
Federal-Mogul Corp
5,000
59%
39
23
Federal Min & Smelt
2,40p
•
24% y
39
*26%
500
1,900
25
No par
Federal Light ft Traction.
$6 preferred
10
106
39%
*46%
5.100
V
54
12%
27
x
.
107
39%
35%
46%
1,800
5,800
y
8
85%
173/4
14%
7%
23
54%y
29% Y'
;
52
f 13
x33%
33%
xllO'A 110%:
17%
18%
107
54
y 28%
403/4
58%
16%
.18%
23
106%
203/4
ft,
8
106%
55
21
40%
y
106%
16 %
*100%
53%
28%
59
21
1207.
53
283/4
24%
22
223/4
20%
58
16%
page
22
24%
163A
see
4%
Erie
40 3A
*73/4
-
1,900
20%
57
16%
21
footnotes
fy
19
29 y / 21% Feb
com
preferred
Natural
16 ;
17% Jan
Phonograph—
8
Empire District Elec Co
10
Endicott Johnson Corp
91
23
58%
■
For
■»'
20
56%
40%
'
.
40%
57%
41
29
3%
60%
11%
56%
193/4
35%
109%
87
8%
700
600
,yyv 100
11% 0
11 3A
25
56
35
283/b
*87
'
.
33/8
Inc
preferred
Paso
19% Jan
39J/2Jan
215
Emerson Electric Mfg Co
Emerson Radio &
t;
f
30
31% y
12,100
104
¥
120
108%
:
v
140
109%
.20
11%
'
24"
55%
*85Va
94
7,000
y
y yfy
V,
El
$ per share
100
Stores
$6 preferred
Electric Storage
600
2,700
23
20%
40%
y *8
13%
*103
y
y
*87
300
104%
11%
23%
40
77
■:> 60%
*11%
20
54
13
23%
'
3%
11%
y;
y
! $7
-
.
59%
12
22%
♦109
11%
""59%
i
94
109%
2,100
,
Highest
$ per share
100
Elec & Mus Ind Am shares
Electric Power & Lights
-
,;*3%
;y
62
*87
23
13%
56
3%
11%
*
51
24%
56
y
,
60%
-28%
54 Va
25%
18%
107%
f.
¥
$ per share
t
l
Manufacturing Co
y Conv
27,300
y, ;!.;y
19%
18
109 Vt
8%
22 3A
19%
'
31%
y
600
2,200
/ /.
Year 1946
Lowest
I
'•
55%
¥"'."■
104%
313/4
283/4
13%
60%
603A
106%. 1063A
/■■"'
104%
41%
f ■'
*24%
19%
104%
56%
41%
24
19%
y;f31%
21%
3,400
143/4 ?
143/s
105%
24 y
5
|
5
Corp
4%% preferred
;
Elastic Stop Nut Co
Electric Auto-Lite (The)
Electric Boat common
5,800
52%
*75%
107A
42%'
42%
\! *105
ryi9%"
48
.
*50%
183/s
yy 3%
21
233/4
•V-V...'
14%
*47%
75%
12%
53%
..
14%
y
¥
31% ; 31%
103 % 193%
94
54%
28%
*
106%' 106%
52
75%
'
¥r
y
V
No par
4 Va %
preferred
Ekco Products Co
3,200
$ per share
10
•
preferred
Edison Bros
10
/y
154%
109
*8
y
23
./
48%
49V4-'
*150
*18%
115/8
63
42%
y"
,
:*■?,
cum
Eaton
I;
5,200
yv,yyy 70
yy :yyy 75/8
107%
3%
11%
8%
22%.
48 Va
'
41
•
56%
'
28%
19
154%
"
14%
*104%
y
63
8%f
■'
.'
-
22%
-,y
50%"
19
107%
12%
23 V
*150
49
.
13%
109
*88
24
^
'
*8:
•:
!•
::/;¥•
-
12%
213/4
y ;i
V
::
18%
104
/y 3%
f,
£
94
f 24
J
11%
63%
12%
*41
*103%
152'
50
32%
109
167
78
31%
*88
y-1
110%
.
*75
y
108
49
:
105%
104
¥
.
700
1,900
.
18% y
*177/a
*104%
323/4
38
-.3% a
183A
105% y
'
15
75%
*74
.
';i
f
f
19%
183A
,y
*107%
63
7%
61%
,
27%,.
.
110
8%
:
54%
Range for Previous
Range Since January 1
f
Highest
•
Par f
Eastman Kodak Co
50
-
>
Co—
Eastern Airlines Inc
Eastern Stainless Steel
.2,300
:
73/4
61%/,
6iya.. 6i% fi
f
xl5%.
15% y
- .14%
,15»A
38
38
,
'
:
*373A;» i38 y.
3%
/, 3%,
.-m 3%,-fc'
35/8
18% '18 % ■;
<;• is jr. 18%
*162
167
yy; ;* 162 r 167 y.
61%
164
145/s
19
183/4
y 11%
:y-. 7%:
,
107 %
27
y;
v.
23%
*106
27%
111
.
233/4
107%
26%
*iio5/8
¥ 195
*53%
Eagle-PIcher
12,600
yy* 1,800
235
195
y;
233/4 y ; f
*106
fy
-
230
:
54
235/8
:: 7°a
y
196%
54
26% 1
111
" y ■;?, 152
*108V4
y
:y,-
107
253A
.
*
23 7A
.107
V
155
15%
3%
53
x23%
168:
51
104
53
14%
49%
'.if. 32%
-
196%
'
167
49%
*104%
¥
230
!r
"*
'
f 228
198 "
38
,38
38%
'*3%
35/8
;?y 3%
17%
is ■■■•/■ 19'a y/
50%
78
*
15%
'
183/4
*195
■
62 y4
51% y
*74%
228
A
*1105/8
8f.-;:y v ;y 73/8
60 3/4
63
yf
49 Va
f: 19%
.
:
51
S
403/a
fV
26%
49%
.
21 y
40%
*152"'
156%
14%
203/4
; •
yy
^v?"
Lowest
'.y-yfyf
7,200
,
y;
.
;
'19%
169%
1553/8
,y.
/,? 23% " 233/4
213/8
40%
*
/■y.
23%
.;
STOCK
EXCHANGE
Share*
40%;
226
107%
75/8
63
23%
$ per share
20%,
15
'
f
20'A
y 40 >¥
..yyf/y NEW YORK
the Week
40
•
24%
*1105/8 111
;
$ per share
23%
Sales for
Feb. 28
";I93A
yy
55
25%
UO5/8
225/8
¥
195%
*107
27
nos/8
v\!
stocks
f' Friday
j'
;
Feb. 27 y-y
.vyy
I per share
229' y
54%
yy
24% •
>107 •*"' 107%
EXCHANGE
42
vyy Thursday
'
Feb. 26
r
»
20%
42..
229
198
*543/4
23%
19%
21%
•
;fy
$ per share',
24%
.-•■"42:
Wednesday
;
Feb. 25
preferred
..16% Feb
^7
Jan
Sep
Jan
27% May
48
Jun
112
July
Number 4573
Volume 165
THE COMMERCIAL & FINANCIAL CHRONICLE
G
LOW AND HIGH SALE
PRICES
Saturday;,.,..
Feb. 22
>>•
.
Monday
Feb. 24
v
•
9 per share
Tuesday
Feb. 25
16 %
7%
7%
20
107/a
16 %
9'/a
9%
*41
CLOSED
42
18'/a
20
20
10%
10%
11
*
7
7 y8
"
16%
f 18%
8%
,
18%'
it) 74
13%
19
5,700
Gair
400
11V2
3,000
19%
*
9
*
8
115
I«c
200
19%
2,900
Gardner-Denver
Gar
8%
8y„
8%
8%
8 V2
6,600
40 Va
40%
*39%
40%
500
18 Va
6,700
Gaylord
30
5%%
x.17%
17%
*104
18
*106
115
115
Co
Wood Industries
4%%
Inc
Container
25
17
eye Feb
7
21
10 y8
14%
*108
111
56%
■
173
17
13%
*108
56%
12%
17
17
17
13%
13'/a
13%
75 Va
75 %
45
45%
31%
*152
31%
Apr
12% Feb
8
8%
Nov
22%
Jun
Xl7% Feb
3
14%
Nov
26
Jan
17
Sep
29%
Jan
13
19% Feb 28
Jan
15
9% Feb
8
Jan
25
43% Feb
4
16»/4Jan
27
18% Feb
Jan
17
13 % Jan
3
155
*152
172 Va
16%
16%
12%
13%
75%
45%..
*30%
30%
31
31
155
155
*152
37%
38'
37
42%
42%
43%
42%
42%
49 y4
42
49
7%
24
15
Nov
Feb
24
78
Jan
15% Feb
13
48
48%
47%.
48
*118
■
132%
;
127
'
61%
131%
:
*118
61%
131%
127
,
60
*131
*117%
132 %
127
59%
60%
61%
155
37%
•131
110
600
General
42
131
•■■vf-.V-:
v»*'
127
3%
:'V 3%
3%
15%
15%
15%
15%
29
29 y4
*135
29%
140
30
*135
*28%
140
29%
140
140
>137
60%
General Motors
39,400
t
10
47%
Oct
124%
Nov
132
101%
Dec
103
Dec
common—No par
Adv
15% Jan
16
19% Jan
15
Nov
29
Apr
40'/a
Jan
Equip
Corp
No par
i_
10c
Corp
5
Utilities
28%
1.00C
Gen
Railway Signal
5%
5%
5%
: : 5%
-
5%
23%
23%
23%
23%
>
*23%
24%
1,300
General
Refractories
*33%
34
33%
33%
32%
33%
1,100
General
Shoe
>4;. 600
33%
v
33%
32%
32%
32 Va
32%
32%
32%
A *27%
28%
27%
27%
27%
27%
28
28
*ic4y4
106
37%
•'
37%
*106%
38
108
*96
*104%
105 y2
*104%
105%
*104%
36%
3 6'/a
36%
*35%
36
'
•107
,
30%
27%
*102
29
29%
*102
105%
28%
26%
105
-
108
.97.;y
97
97
29%
30
30%
105%
*102
*107
*103
105%
29
105%
*105
108
*96
27%
*102
43%
45
56%
56%
26
103
43%
44
*55
26%
102
42%
56
26%
102
*55%
56
6%
:
6%
*120%
*120%
30%
70%
;
71%
*102%
Vi
-
*55%
22%
*106%
30%
4%
4%
6%
*35%
37%
14%
14%
3oy8
*105%
12%
*34%
;
.
13%
>> 13%
48%
46%
25%,
r 25%
*G1
12%
69%
12
44%
46%
25
65
67%
68
20
20%
34%
33%
104 7/a
104%
104%
>
% *87
'
13%
12%
13%
-13%
13%
13%
20*
34
1047/a
105% XX
105%
105%,
F)
160
42%
44%
60 Vs
bl
'>1
*
25% -26
♦42
*7%
w>
*87.
:
;7o?
12 Va
88
i-r:V
,.13-;:
44
43%
60%
t
*874
.',88
,/12%/; 12%
X
44%
60%.
60%
.
^
13%
61
,
800
5,200
Feb
(W T)
5
96
Oct
104 Vb
Sep
2
22 Vb
Jan
42%
Apr
4
105% Jan
20
102%
Dec
108
100
Oct
106
36%
Oct
56%
Jan
53
Dec
58
May
16
42% Jan
16
49% Jan
2
Feb
18
57 Va Jan
24
5% Jan
30
Feb
6
3
7
Feb
6
7
122
Feb
18
116
13
33
Feb
15
27
NOV
47% May
61
16
71% Feb
11
59%
Nov
88%
No par
Jan
102 »/4 Feb
14
Jan
16
104
5%
Green
(H L)
&
25
100%
Sep
107
Mar
21
50 y8
Nov
77
Apr
107% Jan
25
105 Va
Sep
Jan
10
19 y2
Nov
10
5% Feb
5
5y8
Jan
25
7 y4 Feb
7
5%
36y4Jan
'
'
24
6
12% Jan
24
41
113%
Jan
Jan
_1
1G
Feb
33
26
10
11% Feb
Feb
Oct
43 a.
16
Oct
12 y8
Jan
54 Va May
12%
7
-Jan
10
106% Feb
20
Jan
30 »/4 Mar
2
27 y4
Feb
40%
Jun
"
13
102 V* Jan
/
Oct
28
Nov
101
NOV
A
112
Feb
Dec
14% Feb
10
Dec
13%
32
Jan
8
37% Feb
18
33%
Dec
35
Dec
13 Va Feb
26
14% Jan
6
13%
Dec
21
Feb
43 V2 Jan
13
49% Feb
3
23% Jan
2
26% Feb
28
4
163% Jan
27
158
Oct
5
55
Oct
79
Feb
105
May
pfd„No
par
No par
100
RR
159
100
Inc
1
Aircraft Corp
28
Jan
69 V2 Feb
r
\
70
Feb
12%
64
Oct
40%
22 Vb
•
Jun
34%
Jan
188%
Nov
Apr
Jan
23
75 V? Jan
7
6iy»
Nov
17 V2 Jan
16
20% Feb
28
20%
Dec
20%
32% Jan
16
38 Vb Jan
fi
30%
Feb
54% May
102 Va Jan
,4
105% Feb
27
102 %
Oct
64
Greenfield Tap & Die Corp__No par
Greyhound Corp (The)_
No par
V
4y4%
preferred
100
Grumman
Apr
Jan
No par
Prop
Ry 6 %
Co
Jan
No par
pfd
West
Jan
*
5
1
Bay
8%
151%
NOV
Nov
61% Feb
53
29% Feb
Ore
Apr
29y4Jan
.
No par
conv.
May
7
Jan
103
119 % Feb
100
.aIO
100
Iron
Jan
Feb
21
Co
cum.
Nor
118
98
Jan
Steel
Sep
31% Jan
;
City
Jun
25
Jan
1
Feb
60
10
Jan
55
111
Jan
24
50
Apr
Oct
Nov
108
No par
111
Dec
Apr
I
22
Jan
14
27% Feb
3
23%
Dec
52%
Apr
Guantanamo Sugar common
_1
V
$5 conv preferred
No par
Gulf Mobile & Ohio RR_
No par
7
Feb
18
8% Jan
10
6y8
Oct
13%
Jan
86
Jan
24
10% Jan
16
A *12%
12%
1,000
Common
42%
43%
/ 900
$5
60% >'60%
6,000
Gulf
,
102%
Jan
Co
Preferred
4,900
-:v*7%0. 8
*12%
13
A
S««25% a25%
'8
22
29
■
102
com:
Great Northern
1,700
32%
105
105
Great Western Sugar
13,600
19
11
97
Inc
9,100
20%
33%
Feb
40% Feb
2
Grayson-Roblnson Stores Inc
1,100
20%
104
13
5
5,700
68
34
26
12%
'
46
61
68
28
33% Jan
3% Jan
Green
20
*7%: 7%,v'.,
f *87'
88
i ;.ii.%
1S$>mX
89 Va
13%
25 %
•
7%
*13%
>*44%
> 60%
68%
46%
1
Great
65
-
49% May
Oct
16
eo
33%
104%
♦104
26%
26
IVz
89%
67%
*61
Nov
24%
103 Va Jan
"
8
*87"
65 '
> •; ./
45
267/a
163
Oct
32
1
24
$2.25
20:
.19%
33 Vz
27
44%
26%
*161
101
2
Jan
3% preferred
6,800
July
29
Feb
20 y4 Jan
Granite
12,200
132
Feb
30
106 y4 Jan
36
Jun
11%
35% Jan
No par
Grant
Jun
47
Oct
124% Jan
No par
50
13%
33%
20
34%
-V 26%
>,v a
45%
*61
68%
13%
163
;
12%
*35 Va
26%
*161
*61
11%
,
p/
26 y2
Jan
27
Grand
2,900
1,900
i
106
37%
26
162
20
*104
12%
O
/"•;>'
30%
30%
«
13%
44%
25%
162
<■
30%
13%
15%
Oct
29
22
No par
No par
Union
4%
20%
21
Hosiery
Graham-Paige
Motors
Granby Consol M S & P
1,000
x/- 100
8
8
23
32 Vb Feb
103
Telegraph Co
(B
6% Feb
137
26% Feb
No par
...No par
(The)
Co
26
Jan
24% Jan
No par
No par
& Rubber
convertible preferred
16,200
<
112 y4 Jan
Feb
7%
36% Jan
2 c
preferred
$5
'.;X
5
5
Gotham
14%
106
*34
33 7 a
i
*30
13 %
Si
$5
100
7
Apr
140
Goodyear Tire
13,600
*35% 137%
15V4
*104%
12%
,
65
68%
30
37%
47%
25%
37%
Goodrich
4%
6%
Co
& Stock
400
»
150
conv
20%
4%
•'
Oct
100
Goodall-Sanford
500
•
31
100
preferred
107%
*20
6%
14%
13%
162%
•ei
4%
Gold
14,500
58
*106%
21%
•36
105'/a
12
107%
6%
yy;
57%
r
*34%
13%
25
68
69%
29%
105'/a
37
*161
161 Vz
161%
307/a
107
A
103 y2
103%
58
4%
6%
15%
12%
:> 48
*20
57%
Jan
preferred
Goebel Brewing Co_._
2,400
X;
133
Brothers
4%%
—• —
69%
69
May
Co
Razor
preferred
conv
Glidden
2,000
••
30 Vz
48
10c
Safety
$4.50
122
Nov
preferred
Glmbel
3,500
y
24%
preferred
$5
6%
*120%
> 30%
103 y2
*107
21%
6%
37
38
13%
107%
*20
4%
14%
"
103
58%
107%
;
37
30%
12%
103 A
57 V*
4%
107
*35
69%
69%
103
22
15
*105'/a
68 y4
67%
122
4%%
Gillette
100
6%
30%
107%
38
14%
44%
31% Feb
Instrument Orp„No par
preferred
100
3%%
300
*56
6%
29%
*6%
6%
*37
•
6%
*120%
30
60%
U 22
6%
122
102%
4% ».5 v:.<
6%
29%
70%
58%
107 y2
22%
43%
"
57
*120%
30%
102%
*106%
6%
6%
122
29%
61%
43%
13
Time
9,500
'••'•
Jan
16
•■:•'/
»
27
Corp
General Tire & Rubber
4,500
27
23% May
16
30
102 y8
Oct
Jan
.'••
105 Va
26%
♦101
Oct
14 Vb
30% jan
4%%
29%
2%
16% Jan
22y8 Jan
*
*
68%
103
60%
•
6%
123
30%
29%
♦102
102
42%
•
>
Nov
4% Feb
16
Realty & Utilities
Gen
1,700
97
21%
16
No par
'
,
108
*96%
27%
102
43%
♦107
500
Feb
3 V2 Jan
;
1
Gen Steel Cast $6 preferred—No
par
General
Telephone Corp
20
2,200
A
:v
105
35%
97
9T~
30 &
105%
37
*107
108
*96
X
121%
33%
29 %
33%
*28 X
*104%
Feb
26
Feb
14% Jan
preferred
6y8
'
13
80%
100
Service
Public
121 %
2iyaJan
128
No par
Public
Gen
en.
11
8
Gen
4,500
65% Feb
18
50C
5%
6
Feb
28,80(
6%
25
Feb
104% Feb
3%
140
X122
14
2
33%
>
Feb
3
is y2
2(
131% Feb
9
Jan
Jan
17
24%
121
Apr
51% Jan
5%
119
Oct
125% Jan
33%
119%
27%
156
xl01% Jan
23%
-
52
Feb
No par
series
24%
119
Dec
33
No par
$3.75
34'
121
182
33%
Corp
preferred
>5
Preferred
34
120
Oct
•39% Feb
Jan
24
122%
16®^ Jan
16
Jan
v
122%
Apr
2
21
35y8Jan
135%
T
■.
40%
28y8Jan
151 y4 Feb
Apr
123
6
'
Aug
Sep
15%
*135
47%
Dec
28%
A
90% Aug
Sep
114'
3%
137
Dec
100
J
6
Sep
74 y2
X35%
126
23% "23%
'
,
8%
2
13
115
Precision
v*3%
11
78% Jan
47% Feb
128%! Jan
Gen
23%
3%
16%
14% Feb
24
16
No par
preferred
conv
preferred
2,800
23%
3%
15%
13
Feb
75
No par
3%%
Outdoor
•
16%
Apr
100
6%
20
Gen
4
28 Vb
100
20
.
1,800
16 VB
Apr
Nov
41 y4 Jan
50
Co
Apr
200
Dec
Feb
17% •17%
30
13
Aug
900
*3%
xl70
54%
2,100
15%
1
9
Jun
127 y4
30 /.:*
Feb
18% Jan
42
104%
-
li-y8 Jan
175
51
127
*
2
26
23
104%
17%
Jan
16% Feb
- 44 y4 Jan
6iy«
17%
no
Dec
Apr
56 Vb
104%
17%
14%
Oct
126%
23%
Sep
39 y8
126%
17%
10 y8
45% Jan
104%
23%
17
20
V 60 Vb
24%
13% Feb
4iyaFeb
126%
17%
15
No par
126%
23%
xll% Jan
No par
104%' 104%
P17%
71%
109
Corp
104%
25
Sep
common
126%
*24%.
.
Dec
48
_100
Inc
Mills
104%
60%
104
General Foods
126%
:
9
31
General
104%
18
Jan
58% Jan
109
2,000
V>
127
17%
9
2
No par
preferred
Electric
104%
■
•
21% July
Dec
Jan
Jan
5
preferred
General
May
5,200
42%
,48
47%
Cigar
7%
10
24,800
.
2nd
13%
24
141% May
50
No par
preferred
126-%
•">
.V.;';
1st
conv
37%
.iV .A; 131
*118
v>
131
♦117% 1137
4%
4%
155
37%
,
General
May
67% May
:
109
5
Coip
Cable Corp
130
Dec
_5
Bronze
300
17
Dec
38
100
Amer
30%
30%
155
37 Vb
2,400
13%
*45
42%
49%
*152
37%
Gen
75%
75%
'
:
$4.50
A
45%
12%
*74'/a
*45
49 >/4
.
172
*16%
75%
38%
'
10,700
172%
42%
*131
General
12%
37 y2
;
180
800
12%
46
1
17
12%
w'
Gen Amer Investors
174
12 %
2,100
Jan
21
8
100
11%
Sep
16
Jan
17% Jan
50
1
18%
38
1.66%
Corp
preferred
Transportation
General
Baking
$8
preferred
54%
13%
75'/a
*44
31%
100
109
54%
17%
12%
75%
45 y4
4,600
14%
109
55%
173
16%
75
31%
14%
111
54%
12%
173
45'A
'■■A-
14%
♦108
55%
12%
173
14 Vb
111
X
55
12%
173
■
-
14%'
14%
111
55 A
127/a
*170
14%
*108
56%
12% i
"
•
14%
Oct
2
'
'
14%
15% May
Sep
7
Jan
13
9% Jan
15
.
9 per snare
'
17% Feb
50
^
preferred
conv
13
Highest
9 per share
1
preferred
conv
6 ya jan
3
•
Year 1946
Lowest
9 per share
16
19% Feb
'
1
20
No par
16'/a
19%
18
115
i2VWan
No par
*15%
v
39%
*100
(Robert)
v
Highest
f per share
^
»1
common
piv.erred
39%
A
18%
*100
\
Co
6%
(The)
Par
Gaivin Mfg Corp
Gamewell
Co
(The)
17%
y;
.'41
17%
;
7%
20 Va
.
Co
Range for Previous
Ran?e Since January I
Lowest
Aa'.vA
>>:■
Gabriel
7 Va
15%
18%
39
110
8,100
11
^TOCK
"
15%
15%
V
7%
*15%
v
>-y.
vork
EXCHANGE
,
*19%
15%
16%
18%
109%
19 %
ioy8
10%
Shares
,
STOCKS
NEW
the Week
Feb,,28
9 per share
16%
ld°/a
EXCHANGE
IS
19%
19%
io y2
15%
v'
'-
Sales for
Friday
% •>>
9 per share
Xl4%.
-
7% '"
19%
••
''
'STOCK
Fct>. 21
9 per share
16'A
7%
20
10%
Thursday
Feb. 26
9 per share
;
--"l1? 1!6
16 y4
*15%
Wednesday
•
$ per share
1201
when issued
No par
80
Jan
108
Nov
14% Feb
I
9%
Sep
30%
Jan
1
12%
Dec
13%
Dec
ioy8 Jan
13
14% Feb
No par
38 V2 Jan
16
48% Feb
7
31%
Oct
78%
25
preferred
Oil
89 Va Jan
•
57% Jau
16
63% Feb
8
56 V2
Sep
78
Corp
Jan
May
i--«
:v
H
LOW AND HIG
"
,
(STOiTRjS
i
t
Monday
/Tuesday
Feb. 22
Feb. 24
Feb. 25
Sper share
I per share
*38
39
-
Wednesday
18%
Sales for
V
Feb. 28
$ per share
the Week
I per share
:
18%
38%
38
.38
*36'/2
"18
18
*18
18%
•>!•,' 18
"
18%
18%
*18%
109
109
109
*105%
106%
105%
105 Va
105 y2
21%
22%
21%
23
*155
165
*155
*107
*155
165
19
A
18%
18%
VV
*107
110
105% >
*105%
106% >,
22
22 Va
22 >/4
*155
165
A
18%
110
*107
22 Va
VvA/
,
39
.
100
Hackensack
600
Hall
fA
600
Hamilton
-
30
i
I
STOCK
37'
•
•
•
37%
-*9%
37
9%
37%
35%
*9
9%
99%
99%
*98%
10%
10%
9%
7%
7%
6%
36%
110
*105%
106%
120
22%
22%
1,800
:
.
A,
*107
165
35%
9%
*9
A
Par
*155
36
*9
36%
9%
(WP)
4%
$ per share
25
100
*98%
11
•7%
7%
32%
-
'
11
'
32 Va
32%
105
*103Va
'
32%
32%
28%
28
28%
28%
*103
28%
105
*103y8
39%
40%
39%
38%
107%
107%
107%
107%
v
■fv5
63%"
*160
A ,:
63%
63%
166
107%
37
preferred
(M A)
Co
100
10
32%
*98%
10%
10'/a
10%
2,100
6%
7%
997/a
10%
10
7%
7%
7%
6,100
32%
Hat
1,100
32 y8
28%
32 Va
"281%
105
39
*106%
t-;-',
63
63
*38%
107 Va A "
pfd__No
*160
j •;->/ r.f
i
K *20%
if
'
7
21
19%
59%
*131%
133
79
*76%
79
76%
76%
",s 128%
129
*128%
129%
126
127 Vr
*26
26%
*31%
-
■m.:r it'.
33
.
60
59%
-
*131%
133
63%
*160
"
'24%
*31
77
*59%
77
900
28
V
700
-
m
40
&
Heinz
.',
Marx
32
28
28
26
26%
78%
*24 y4
31
31
26 %
28
';
t
..
J)
Feb
4
108
24%
27
160
'*
...
(G
16%
*16%
17 y2
*16%
18%
*16%
18
-22%
22%
23%
23%
*23%
24%
40%
43%
41%
43%
18,900
17%
17%
16%
17
109%
Jan
30
20%
Sep
Jan
27
151%
Nov
39% Jan
6
)6
Feb
8
8% Feb
13
27% Jan 27
J»n 1'i
Feb 27
ir>i% .Tan
106% Jan, 16:
107 y2 Feb
32
17
17
{
27%
♦26%
900
Hollander
600
>
Holland
200
■
17
54
Jan
131%
76 V2
126
24%
5
29
25
1
&
(Del)
Sons
5
—
—5
(A)
v
23%
22%
39%
22%
40 %
40
40%
40 y2
18%
18%
17%
18%
16%
17%
No par
12.50
No par
50
Sugar Corp
Homestake
Mining
.'•'•
■
.fit.-
V
V
*
'
*55
•
r
56
54
%
54%
*30%
31
30%
30%
102%
102
A-'? A,-- •'•
A
90
90
'A
*101
s
SO
^*54%
30%
54-%
54%
54%
*54%
30%
30%
*30
30%
00%
102
90
90
102
21
20%
21
1S%
20 y8
*26%
26%
26%
26%
26
26 Va
*26
34%
35 '4
34%
35%
34%
35%
35
6%
6%
6%
6%
6%
*11%
6%
20%
A
*
12%
For
footnotes
*
90%
sec
12%
page
1207..
.
32
12
•
12
19%
6%
12%
102
90%
20%
27
102
90%
20%
20%
7%
12%
13%
400
1,300
-A;
A
$2.25
preferred
Household Finance
3%%
70
1,700
10,000
com
Houston
Houston
J.
No par
com
preferred-.
100
Light & Power Co—No par
Oil
of
Texas
26%
35%
7%
-
•
1,400
2,900
Howe
7%
7,400
Hudson
v
1
c
Howard Stores Corp
35%
*25%
35%
.
102
90
Houdaille-Hershey
3,500
•
54%
ro%
*101
102
i-
13%
800
.>
5%
&
Manhattan
non-cum
preferred
60% May
8
Oct
16%
Sep
106 Va
Jan
8
Nov
20%
Apr
Nov
15%
Jan
36
Dec
28 V2
30% Jan
41%
13
'103
Oct
Nov
Nov
101
42% Feb
■.
Dec
Dec
Jan
51
May
109% Mar
Dec
44
105 Va
Dec
16
Jen 10
Feb 26
Feb 24
68
Jan
29
Oct
90
Jan
165
Jan
22
169%
Dec
192
Aug
22 Va Feb
8
17%
Nov
63
Feb
5
/.
Sep
72Va
Jan
Apr
19
130
Jan
139
Apr
11
76
Sep
106
May
132
•Jan
30
123
Nov
146 Va
4
22
Oct
Jan
39 ya May
Feb 26
29% Jan
Jan 27
Jan
3
32
Feb
10
26
Nov
x43
29
Jan
29
21%
Sep
41
31V4 Jan
19
Feb
2
22%
Oct
37%
3
18
Dec
40
Jan
25
22
Sep
34 Va May
27
34%
Sep
56
24% Jan 16
i6Va Jan 17
22 y2 Feb 17
35 Va Jan 23
15y2 Jan 16
50y2 Jan
3
28y4Jan 11
100
Jan
3
86 V* Jan 13
25
43% Feb
May
Va
Apr
Jun
May
Jan
19% Feb
1
12Va
Oct
28%
56
Feb
21
46
Nov
52%
Apr
31
Feb
8
27
Sep
35l/a
Jun
103% Jan
Feb
20
99%
Dec
111%
Jun
Jan
2
78%
Sep
96
Dec
21% Feb
21
14 Va
Oct
30
47
Apr
July
92
16
—1
25 Va Jan
32% Jan
4% Jan
11
29
13
13
36% Feb
9y4 Jan 13
13% Feb
100
46 y2
38%
Jan
16% Jan
-.100
61
81
132% Feb
25
5
Sound Co
Apr
Aug
H'
Feb 26
Feb 13.
Jan 16
63
162
10
Holly
Furnace
Nov
170
99 /
29 Va
35% Jan
mo
39
;
No par
No par
The
Feu
33
Apr
34% May
5%
6y8 Jan
100
>;
16%
Jan
12
No par -
Inc
E)
105%
13
No par
Hires
400
.Jan
30
Jan
3
25
Hlnde & Dauch Paper Co
r
119
3
100
Powder
(C
16
Oct
25
A.«v:vv.
W)
7%
Co
Jan
103
10% Feb
100
preferred-.
"
.
112
99% Feb
25
Co
cum
Hewitt-Robins
600
.
28%
40
i
14
17
25
V'AA 300
•271/»
S >1
i-i.
;
Jan
14
Jan
t.-.
*23
A!
Aug
26%
14
100
preferred
Hershey Chocolate
$4 conv preferred
200
*27%
.'27%
24
Oct
22
8% Jan
15
(H
Helme
260
^
A/;
28 %
27%
'
Co
preferred^
Hercules
28%
28%
Oct
17%
Jan
33V2 Jan
_2
5%
25 y2
«
A--
15
19 y4 Feb
19
x98y8 Jan
1
1,100
28%
V
4
6
I
non-cum preferred
Hercules
Motors
<28
:
May
Nov
16
160
10
Inc
1,100
j
60 y2
129 Va
40 Vb
35
100
_____
Co
3.65%
•*;!'
133 A
*76%
preferred
Hazel-Atlas Glass
Hecht
1,900
63%
166
20 y4
%
3%%
39
•*128%
25%
*31
•-
128%
*24%
32%
*28
26%
20 V*
VV *131%
133
128%
25
31%
31
-
■
60
-
*131%
,
29
25%
60
.
20%
1
-
«
60%
60
133
60
;
t-'
I
20
'.*76%
n:r,
tVi,
•t'sA
20
20
*131%
>?
:
21
Highest
$ per share
11
105% Feb 25
21% Feb 25
par
100
Ha>e& Industries
Hayes Mfg Corp
r
63%
166
'
-!
t
9 per share
share
Jan
Jan
107
No par
Refrac
Corp of Amer class A
4 V2
104%
*106% .107%
'V,
'
63
166
r28
*102%
105
3Q
>
107%
*32%
A
28%
,
*103y8
*•••.%'
! r
$ per
39
17% Jan
100
$4.25
preferred
Schaffner
Hart,
2,200
9
*98%
*160
63%
166
*160
99 7/s TV'
39
*38
■
Lowest;
Highest
16% Jan
37
5
No par
Co
Harbison-Walk
6%
99%
Printing Co
Watch
conv
Hanna
165
9
Water
*
CLOSED
Year 1946
Range Since January 1
':>•>>'> Lowest .,•:/
'
18
18%
-
EXCHANGE
STOCK
EXCHANGE
V ;'«>■■ A; ■>•
Shares
'
19
18%
NEW YORK
;
*38
>
Friday
Feb. 21
S per share
38%
*18
Thursday
Feb.
f pet share
*38
,
18%
n i
Range for Previous
•
'
Saturday
Feb
7% Feb
5
24 V2
Oct
8
30%
Oct
60 V4
Feb
Oct
12%
Jan
Dec
25
Jan
28
5
11%
*
THE COMMERCIAL & FINANCIAL CHRONICLE
1202
Monday, March 3, I947
NEW YORK STOCK RECORD
LOW
HIGH SALE PRICES
AND
Monday
Feb. 25
Feb. 22
'•
39%
39 vr
19%
18
"
39%
25
25
19
25
6%
STOCK
*93%
36%
36%
26%"
28
54
50''
52
94 %
•
*93%;
.
<96
..ye
39%
24%
■
*
51
.
93%*
19
Vv'
93%
19
1,800
Hunt
6%
6%
8,600
36 Va
36%
26%
27%
/
51
*48%
■
94%
18%
v
17,000
vy>:700
*93%
20%
:
-94%
2074
1,140
9%
L 3,000
-V
:
10
19
18%
20
9%
10%
'
•
9%"
28% .'-. 28%
13%
43 %'
43%
43%
*178
*178
180
38%
*45
107
107%'
>6%
15%
15%'
8%'
*7%
8%
*44
44%
.
:
6
6%;
122
*178
182'/'
213
81%
78%
182%
!8,600
16%
15%
16%
5,800
Inspiration Cons Copper—
7%
7%
1,000
Insuranshares Ctfs
44%
44%
107%
9%
%;
28
v
28%
1
93
9%
28%
28%
*90
*90
93
5%
5
34%
51
48
•
27%
v
5%
%'
47%
50 ''
79%
9%
48% V
48%
5%
14,000
>170
49%'
48%
49%
*104
*
105
v
15%
104 6
v
*55
'
*113
115
•-39%
z
46%
40
39
>.•'
46
»
40
!"■
*35
:
?
16
16%
16% A 16%
i:
y
24%
-
25%
15
23% •i 23%40
•
44%
40"
15
-
38%
.
•'
45
45'/
1,400
40 '
15.'
15%
15%
22
40
22%
'
40
*148%
"50,100
15%
25
-
*40
,
150
3,900
"1,900
2274
500
40%
18 Ve
Oct
45 %
Jan
7*
41
Oct
85
Jan
-87*'
Sep
99 %
Apr
14%
Oct
37%
Jan
5%
Oct
16 Vs
Jan
95
•Feb
22
Feb
10
7/
7/
10% Feb
30VaJan
25
'
.
-/
Sep
36
13% Feb
17
11%
Sep
22%
Jan
45 •'' Feb
28
14
1327
4
17 h
36"
Sep
54
Jun
: Feb
133
23
4
18/
180% Feb
Oct
116
Aug
44%
Jun
13 V4
Sep
22%
Feb
7Va
Sep
11% May
33%
17% Feb
13 '
Feb
8 '
8 Va
Jun
190
Sep
5"
4
151%
168% Mar
40% Feb
28y\
Jan
9
35
Va NOV
59
107% Feb
26
105
Aug
112
Feb
11
50
2
4
May
16
7
5%
10 Va
May
May
13%
Dec
20 %
Oct
Feb
Feb
13% Feb
8
13
70
'Jan
82% Feb
10
66 %
Nov
102
Jun
176% Jan
21 v
184 7i Feb
27
175%
Dec
202
/Apr
11
6 Va
Oct
100
>
•
7% Jan
13
10% Feb
26% Jan
5.
13
30% Feb
1. %
4% Jan
32% Feb
133% Feb
Jan
16
15
Co——
46
45
Jun
Dec
101
Aug
4%
11%
Oct
Aug
38%
Sep
2
Feb
427/a
Oct
28 Va
133-.;
3
53% Jan
.-
Apr
Sep
8
Feb
136-
15 Va
90 %
8
!
Jun
27.
8
5% Feb
26
19
■<
250
Jah
195
29
Jan
367/a Feb
3
No par.- '
Corpi:
Paper
96
91% Feb 28/
100
103% Jan
-No par
:
Salt
53
preferred
25 %
Intern'l Telep & TelegJi-—No par
/ Foreign share ctfs—;
No par> •
Interstate Dept Stores
No par,/
Inxertype Corp
—No par': '
10
148%
11%
11%
11%
9,200
104%
104'A
104%
Island Creek Coah;
$6 preferred
Feb
148
Feb
55%
Dec
16
Jan
Nov
Sep
Aug
26% May
125
July
5
52%
Sep
70% July
Jan
30
36"
Oct
497/8
Jan
48% Jan
2
38
113
Oct
11%
101 %
8
31
397/a
Nov
60 Va
Aug
37 A
Deo;
42 Va
Aug
58% Feb
40
v
40
9
Feb
J
7
317/a
Feb
17% Feb
11
14%
Nov
Jan
13
17% Feb
11
14%
Nov
31%
Feb
2274 Jan
16
267/a Feb
11
23 %
Doc
50
Apr
21% Jan
24
23% Feb
19
38% Feb
26
>41 % Jan
30
il;./ 1433AJan
2
148% Feb
28
13% Feb
14
1
-
—
—
•
953/a
18
20
Feb
s
116
15
41% Jan
.No par
International Silver common
25
V Jan
37% Jan
■—No par
;
9
-7
Feb
>16
16 i
Jan
12
Feb
105 f-
8
Jan
110
International Shoe.—
600
148%
.
Sep
7/
Feb
225% Feb
7%
25
Apr
31%
Feb
54
21
16
13
100»"
International
2,300
15% y
44 Va
8"
30
11-:
13
Rys of Cent Am J—_No par-V
preferred
100'"'
5%
25%'
21%
•
38%
150
*148%
Inter
38 Va
•15%
"
24%
>;;•
21%'
57
Jun
16 '
—
$4 preferred
300
V
14%
*35
'
40
15%
25
,
107/a
V
Jan
25
Canada—
International
Jun
Sep
,;
38%
45::
'
:r;' 15%
>15 %
y
%{
x21%
39%
150 1
*35
15% 7
14%24
23%5
*38%
*148%
45'i
-45"-'v
15% V
39'
•
49%
Jan
Chem__
&
Mining
of
Nickel
45% May
34% Mar
Oct
A 5%
5
Jan
39
Oct
11
Preferred
114
*55 ;V
58%
"
38%
106
14%
*113
114%
*55
'y
39
*104
14%
*113
58%
^
104
*14%
*35" v
'
24%
'
*22
40
150
*148%
38%
16 i
15%
25%
V
*55'
'•
14%
y 113 ■' V
113
58%
\
45 /
46%
*35
14 Ve
>
39
*
104
104%- 104%-
15
114%:/
?
*55
58%
39%
104% >
14%
15%
115
Int
/
23,300
J
.
Min
preferred
International
4,100
33%
135 /:
5%
7% Feb
16
14%
25 Va
«■•
\
211
Hydro-Elec Sys class A
4%
2
$ per share
Sep
No par
1
International
100
13,',-
Jan
5Vs Jan
Harvester--—Nopar*<
4,800
20'A Feb
30
33
No par
-
Preferred
Int
13
3Q.V
105% Feb
\
International
51500
Va
30
*134
Iron
41
100'
Machine
,430
91%
33% *
135/
Interlake
II,000
,
91%
33%
.
"
9
^
29%
,v
5%'/.
5
33
*134
183
No par-
Int'li Business
900
797/a
79
i
182%
5%'
135
10,400
211
184%
33 %A
32%
12%
1274
Feb
7V8 Jan
^—No par
Rubber
Intercont'l
3
Jan
Highest
$ per share
43% Feb
14'A Jan 13
-<
1
Corp
preferred
4%%
1,200
37
20
:
Inc
Interchemical
60
6%
211-
9% :
9%
28% / 29%
92
*91%
'V.:
93
135-
135
78%
7
27%:
<
*90
■
34%'
*
134
9
12%
211%
183
182%
8%;
5%''
%1
135
50 Va
9%
%'
33
5%
■
•'«
34
*133%
12
107%
6%
.
600
4474
*106
6%
211%
78%
182'A
-No par
Co
*8%
6%
12%
77%:
80%:,
182%
—
37 Va
44%
211%r 211%'
9
.
37 ••>
*106
6%
*
12
12%
211
182%
80
181%
•"
12 Va
13
216%
—100»" •• 93 V Jan
.'
RR Stk ctfs series A
1000
15
Jan
.Illinois Terminal RR' Co_i-^
5 /(/; 8
Jan
Indianapolis Power & Lt
No par.
28
Feb
IndustriiyElectrica De Mex, S A
12j/b Jan
Industrial Rayon-1
36 • Jan
Ingersoll-Rand
-No par ■
-123 y Feb
6% preferred
100 • - 180 1 Feb
Inland Steel
14
2036 ;Feb 19
20% Jan 13
100%; 43
Jan 13J
lines '4%
Leased
$ per share
.
Year 1946
Lowest
Highest *.
100 y
38% *'
"
12%
*210
400
v
.//2,400
400,
5V2 Jan
series A
*7%
45%
•
*118%
y
I,000
"
13%
42%
23% Jan
Co
RR
Central
preferred
15%
107%' 107%
107
-
6%
6%
180
16% f
44%
45%
*106
*178
37%
*7%
8 %'
180'.
28%-
'
«42
,
; 123
j
38%
.
28
*13 Va
>
42%
.
37%
38%
16
16%
•
*7%
*178 t
13%
42
123.
8%:
28%'<
13%
v
*120 7;. 124
180 r..
-
42%
V
9%:
*28 Va
13%
X41'I
v
K
38
39 %
16%
■125
124%
125%'
125%
*13%
19%
,
y: 9%
28% f'
28 %!
28%
13%
43%
.
28%
13 % »13%
,
19
q3'
9%
9%
Jan
16-
6.66%
Co_
Power
6%
i:
37% Jan
No par
Inc—
Illinois
400
share
1
Foods
Idaho
28,100
•
*•
'
20
Par
Hupp Corp
36%
*93%'
;
■{*/
-No par
Car_
Motor
24%
27%
50 .7/
50
;:v,'i-/^
•:'■';: -•-'V
$ per
A
V
'
Range Since January 1
Lowest
Bay Min & Sm Ltd
Hudson
18%
24%
6%
•27.
•
Hud
2,000
y
18%
36%
26%
*49
39%
3;< 'r/■
•//>:-/•"
Shares
24% /
6%
37%
26
v
y
39%
Range for Previous
.■;:■■-'.
STOCK
YORK
EXCHANGE
the Week
$ per share
39%V-
38%
(18%
24%
6%
,
*36%
•
t
$ per share
18% V
23%
;
6%"
28%
;
*52
"39%
17% f
r,
37
27%
CLOSED
19
25%
Feb. 28
4
NEW
Sales for
Friday
Feb. 21
$ per share
39 %
V
•'
6%'
6%
37
EXCHANGE
%>
STOCKS
Thursday
Feb. 2(i
$ per share
$ per share
$ per share
Wednesday
Tuesday
Feb. 2i
Saturday
\
13% Jan
14
...
•
13
34% July
20'A
Dec
39 Va
Dec
50
Aug
"Dec
163
Jun
141
J
11%'
103%
;:'
11
12
11%'
103% 103%
104
51%
51%:
*108 V2
110%"
51%:
y 57%
122
'
x57
%1
57%'
•
*108%
111
*110%
*125
140
*125
109%
"
*107%
:
125
*119
*119
■:
*100%
7
102 V2
v: 29%
29%
*107%
109%
•
Jewel Tea Co Inci
20
-
133
132
133%
125
*120%
126%
•200
56%
77 *110%
112%
*110%
112%
140
*125
140
*125 ■'''■
*125
140
57/
57
500
Johnson
10
Joliet
&
37%'
*100 v
"
29%
28%
36
X27//2
^
A
36%
100
28%:;.;
*100'A
102
,
36%
35%
28
101
■
•
v
36
100
36%
Chicago
*99
28 Va
104
28%
100
«
28 Va
•
stamped
100
Steel—
No par
167%
Apr
Sep
153
Apr
6
44
28
62 % Jan
28
112
V Oct
Dec
109 V May
11
Jan
63 Va
115%
Feb
1
31%
__
16
39
Nov
Feb
<
8
18
99
Feb
150
Mar
140
32% Jan
537/a
Feb
Jan
3
3
30% Jan
30
18%
Sep
Oct
108
34
Apr
18% Jan
pref series -A
:
100
Joy Mfg Co———w——1'
lOlVa Feb
25% Jan
/5 %
5,300
Dec
Oct
12374 Feb
Jan
114% July
107 Va
111
24
16
54% Jan
Jan
July
59 Vz May
115 /
8
137% Feb
Jan
108
NOV
6
110% Jan
16
RR
Jones & Laughlin
14,400
Jan
53
11
100 A 110
A
3
24%
Dec
Deri
45 %
2
119
——100
ser
/Feb.
49
8%
100
4
104% Feb
125V2 Jan
r
--12% /
2nd prefered
4%
8
108% Feb
com—No par:
Johnson
&
16
100
-
Manville
Johns
9% Jan
xl00% Jan
No par
preferred'
Corp
3 Va %
preferred
4%%
2,200
*110%' 112%
V.:
140
(F L) Co_i_—
—1
Jersey Cent Pw & Lt 4% pfdi—100
800
/
-■>
v
Jacobs
'
36
37%
51
56%
A
37
109%
132%
yyy
51
57 V8
*56%,
112%
140
51
133
57%'
*
51
xl31%
'
122
111
50% y
50%'
109%' 109 %
135 '
137 -v'
127
11%
*103 %. 104%,' ;■ *104
51%,
137%
137%
*123
11% y:
10%
24
2 2 74 Feb
10
17%
Oct
36
May
98
May
'•/A#/y
.p
■
i
/
'
X-
'
K.
r
*20%:
21
108
107%
20%
*107%
26%
24
26%
*55
*107%
26 %
46 '•>
.
115%
Vz
114
114
';//;■
A
♦is
%;
*79
/•-
19 "
/
98%'..
38 %'"
57%
57%
55
56%
47%
47%'
%
47%
LOW
Monday
6
i2%'
12%
11%
42%'
42%
*41 Va
14 Vt
13%
*55
<
;
r
58
*52
STOCK
EXCHANGE
54
27%
*98%
CLOSED
55
V
11%
11%
\
*40
-•
8
»
8Va
2%
2Va
>7
*28
T
r
8%
48
i
;
/ '
8%
1
48%
18%
20%
23%"!
23%
\
55%
10%:
56 Va
31%''
*90
:
90
10%
*31%'
90 Z
90
*187%
42%
10%
87%*
189
(42%
60%/ 61
*50%
45
26%'
*100
187 Ve
*39
6 Va
/
47%
"
> •
-
:»
89%/
HVa
41"
41
13>A'
13%
13%
v
51
/:
—
56
51
*53
•2%
2%
*28-
4974
123%
23%
23%
w
•8%
471.
*83/a
V
Lehn
2,200
54''
Lemer
53%
90%'
"
88
*186%
88-
•
:188%:
*38 J
55%"
«
*49
'■
<
>
87%
187--
42%
89"%
187"
56%
*39%
•
■
5L
26%
42 Va
56%'
58-
-
.
109'!
27
*104%
109
25 Va
24%
25%
76%
76%
■76%
18%
19 %
19%
19%
170 'v
1874
20%
169
-
19'A
207a
169
28
28%
28%
28%
28%
51
28%
51
29 Va
29 Va
49%
51
49
49%
24%'
49
25
49%
23%
23 Va
18'A
17%
18 '•
16%
98%,
98
17 Va
17
-
>23%
98"'
173,^
27
-50
Jan
3
43 Va
Oct
65% May
V
*
/
*
>
'Highest
share
Year 1946
Lowest/ /
$ per
$ per share
100
4,700
900
~
'
!
3,900
53 Z. Jan
5 *A
—
50
^3
Corp.;(The)'
;
Prod,- Corp^-.
/
29
". Jan
15
Feb
,
Jan
6'A Jan 13s.
Stores
—5
share
Highest
$ per
;;
share >
>:
■r
/
16 V
•
.,
B
Lima
Link
Locomotive
Belt
3
>
7% Jan
4
<
/
15
t:
"
;
Jan
9% Feb
13
50% Feb
«
24!" Jan
59% Feb
8,000
.1,400
1,600
21,700
.
2,500
-
2974
50
.
40
Loews Inc,
Lone Star
-•
Jan
2
*
Jan
'6%
11
16
50 % Feb
27
1
Gas
&
40
Lowensteln
4%%.
26
100"
&
El! A_
Nashville
(M)
cum
-.No par
10
& Sons Inc
pfd series A
Feb
28
17V4vJan
55% May
17 V*
Jan
57/a
Jan
64
18%
Nov
387/a May
6%
Oct
15 Va
Oct
657/a
16
r
~13
11 1
41%
10
,
:
•
33
44 Vz May
190" Feb
Jan
Oct
15 Va
Apr
Oct
37%
Jan >
43
Oct
66
183
> Dec
10/
2
287/a
10 V
10
Dec
65%
44" '
Nov
88
27%
3
Feb
48%
>
Apr
Jan
♦
,Y
7-
30V2 Jan
9
A
109% Feb
4
1
Feb
Feb
20
/
x45%
Oct
97
.
Dec
14; f
Sep
72 V*
108
30%
Dec
Feb
July
Jan
43% May
22% Jan
13
.27:' Feb
20%
Nov
73% Jan
-
27
79% Feb
5
18%
Dec
45%
18 Va Jan
13
22% Feb
8
23%
Nov
43 %
20% Jan
13
21% Jan
3*
99
Dec
120
Aug
64 •Jan
94
May
25%
Nov
41
Apr
17%
Oct
35
Jun
31%
167'A Jan
6
172'
Jan
26% Jan
8
50
46% Jan
16
53
1
18% Jan
16
26% Feb
97
31
99
Jan
29 Va
",
13"
29
Jan 31'
Feb
7".
Jan
18.v
x20
Nov
8 '
166
Dec
24%
Sep
'
210 Vz Mar
37 lA
-
17 ."
20:
Jan
May'.
74 Vz
2
47 V2 Jan
-
102
Nov
56% Feb
>
103 Vz
"
62% Feb
•"
Sep
Sep
84%
10 A. i
•
;
Jun
May
Oct
Nov
96% Jan
;
Apr
Apr
21%
.
"98% Jan
42% Feb
7
21%
6 >
8
<
-..No par
100
Sep
Oct
t
11
16% Jan
..No par>:
preferred
Louisville
Louisville
98 Va
!
Apr;,Apr
82
Jan
43
16
102 V8 Jan
_l
.
1,100
5,400
Corp_-—
Long Bell Lumber A—.:;
Lorillard
(P)
Co_/—'
7%
42% Jan
100'
102%
>2%
,-v
83
16
41% Jan
Cement Corp_—No par.-
10,800
2374
1 n i/_
A 10% Nov
34% Sep
7 ?
9
27
38
—No parA
Sep
4>
9
8
27
No par
3%%
•
Oct
Sep
a—
10% Feb
Feb
185'
,_No par
Dec
33% Jan
•«•
•■
,r.
Feb
-25/
<
t
15
22
..No par
Co
25% Feb
16
26
88
100
20%
m
13 r
8% Feb
3% Feb
;
87% Feb
_25
uNo par
Wks
Jan
a
97/8 Jan
-25/
Lily Tulip Cup Corp—"
19
50 / Jan
i.—.
■
Nov
Jan
May
49%
2% Jan
31m
,
;
Preferred
68
49"
4
99% Feb
14 %
Sep
13%
>
8
12% Feb
9%
Dec
4
38
13
»' 44V2 Jan
•
22/= Jan
No par'Glassy-No par.
preferred
Lockheed. Aircraft
19%
170
Feb
1
Sep
ll7/a
52
8
30% Feb
X18% Feb
,
C<Jrp__
Savers,Corp
Series
-
19
20%
14% Feb
56% Feb
«
5%
3/
9 ^
31
56.
26
271
Feb
Jan
44 ': Jan
>44% Jan
Fink
&
1,100
26%
107%
25 '
iti/.
..50 /
I—_i
& Sons Co.—
Lien Oil Refining Co
Liquid Carbonic Corp__
76%
*98
15
7 "
14-5
%
'
"A
19 V4
23%
-V A12% Jan
No par
Liggett & Myers Tobacco
50
24%
50
1-—
preferred
Lehman
1,700
76 «•/
*28 Va
13
"
19
170
13
26
40% Jan
—5
5774
*104%
20%
5 Va Jan
11% Feb
..No par r
—7
42 Va
57%
26 ^
!
75%
>'
62 % May
$ per
ptd—-75 Pesos Mex: /
Ltfe
:
4574
24%
20%
*40%
51
27
Sep
Range for Previous
Libbey- Owens -Ford Libby McNeill & Xibby
;
45%
19 %'
*98
90 '
188
51/
76%"
19%
-
43"
-
Range Since January 1
300
-
90
%l
*186"
46%
25%
22%
*87%
*87
4
Lowest V
:
600
13,700
■/-;.
51%
18%'
*168 i
32
45-
76%
20%
.5,300
-10%
50'A
45 Va
18%
10%
,
/' 44%
*104%
54
31%
88 "•/
-
"1874
24%
,
88 Va
"
76%
18
2,500
;
53V<
20
98 Va
'
;
54%
19%
20%"
*98(
1,100
2,000
76%''
98%
8 Va
"
2,500
25
*97%
23 Va
8% "
/
33! '
Feb
39
-„
;
;/'
25 Va
24 %
6,900
1
>/
103/a;-
5
59
457/8 Jan
Lehigh. Valley RR.. ^'1_—5Q-A :
Lehigh Valley- Coal >—_u__l_No par: > A
Non-cum preferred
50 A
$3 non-cum ,1st pfd/J
No par.>A
50c' non-cum 2nd pfd—No par .
23%
31%
Feb
11
16
IS %
10 V4
Sep
45 Vz May
Nov
1? /
46 Va- •47
31%
Jun
101
961
'
20 /
183A
10%
46
Dec
26 Va
19
16
39/
23%
25%'
171
27^
4974
2374
32
Oct
13
11
99 V Feb
47%
r.
Jun
Aug
82
14
10% Jan
18%
10%
Dec
29
100
98% Feb
'
Jan
Lehigh, Coal- & Navigation* Co_10 .'/
Lehigh Portland /Cement/^—___25, A/
-22%
-
108 Va
Dec
7
6
>85
.?v3.85!%. cum?- preferred—„__100
900
3.400
,
4 V2 %
23%
46%
Dec
.155VFeb
Feb
Jan
337/a Feb
27
,
(The)
Brj'ant
>18%
18 Va"
20%
2%
20
10,400
.
Co.
Lees* (James)
?,300
7%
*28"
8%(
108%
13
Apr
May
4 Jan
STOCK
Lee Rubber,&. Tire L
'
40
774
1
100
•
.1174
.
Lane
300
-
-
100%
-r
11
40 ■'i
49%
26%
19%
*99
11% '
40 t
7%'
:
;
■-
27%
11
7Va
1
Lambert
1,500
51%
40^-^
,
•
La Consolid 6%
800
.
56 '
51%
100%
20/'
Feb
487/a Jan
LacledeV..
900
J
/
27%
»
2734
*99
>
12,400
12 '
40%
-27%
.
v
116% Feb
14
/
97
No par
YORK
21
'• Feb
29 Va Jan
10<A
EXCHANGE :"
Jan
20
34
Par
23 Va
*86
51%
<
12 %/
*53
«
A
/
—w——1_—No parv
Shares
6Va
13 Va
7 l/a
.
10
100
& Co w—
NEW
16% Jan
75
<
'
6
11%'
40%-
2%
fper share
6 Va
»-
40 Va
•
-11%
'
*31%
r
59%/
110
6
>
100%
x53 •'/
-
90 <■
189 4'
/
50%
46 Ve
:
1
10%
32
„1
,.No par
(The)
:■»■<
the Week
xl8 Va
23%'
56
$ per share
27Va%
8'A
>
\
<56
22%
18%
*104%
22%
(S H)
.
Sales for
Feb. 28
-
19%
1
conv.
(G R) Col.
prior' preferred
$5
2,200
//>/ 270
Friflay
Feb. 87
11%
*99
•
47%
27
*168 :
4%
Kinney
150
STOCKS
Thursday
41'Va'i
,13%
27/
8%
26%
171
/
19 i :•
79
Kroger Co
47
.
19% '•
*168
30% Aug
1,800
.50%
23%
26%'
20%
55
Nov
47%
47%
/
*53/::
49%"
45%'
21
60%
Jan
21%
47 Va
"
11%
,
44%
m
Sep
32%
Kress
13%
51
>
41
13
27% Feb, 13
1,800
40%
45%
110
2
49% Feb
54 >
6:
%(r
52
:
52% Jan
23
16
54 •'
$ per share
42 %W
56%
22
40 % Jan
54
7%
31%
91% :
44% Jan
22 % Jan
.No par»
2nd preferred.!
100 "•<•■ 107% Jan
-
Kimberly-Clark Corp—
54
2%
*28?/
54%
2,000
> 440
55%
2%'•
1
No par
Keystone Steel & Wire Co ....No par
/ 800
■
cl A
Koppers Co Inc
Cum pfd 4%
series
Kresge (S S) Co
7%' V;.
.
Jan
3,600
7%
23 Va"
Jan
30
32 >.
11
18%
34%
Nov
37 3A
Wednesday
'
-
Sep
11%
98
39%'
47%
.
19%
7 "
3674
11%
8% '
8
31%
40%*
23%'
26% Feb
2
98
31%
98%
.
/Feb. 2(i. ■■/
99'A
*28 V
24%'
4
13% Jan
37%
2%
49%
24%
.
;
23% Jan
1
5
conv
98% y
11
•'
32
-
•
1
22% Jan
100
—
20,100
112 ) ■
79
Jun
26 Va
37%
40%'
/ 41
111%
*17%
'
Jun
67
Dec
37%
47
54
99%'
113
Z19
.
40
Sep
15
54 •>'
:
4
27%V428,A
99 %f
112 V2
>-
Oct
45-,
No par
Co
&
98%
13%
55 -V1:' ;
:•
47 Va
2674
80
18%
8
13
{Julius)
Kelsey Hayes Wh'l
Class, B
Kennecott Copper
1,600
47/
26%
*79
11
5574 Feb
1774 Feb
Southern—
preferred^
City
non-cum
32 V4
42 V
♦52
28
*461/4
27
*17%
"7
79%
.
4674
46%
28% Feb
14
4%
Kayser
600
18 >
47%
-26
2,100
26
*25'A
/ 18-
16
13
15% Jan
200
17 -V
HIGH SALE PRICES
12
10
100
49 % Jan
Kansas
3,700
52%
.
37 Va
6 Va
<
Furn
30%
i
$ per share a:;
6 VB
&
93
1.
>
:
Feb. 25
share'
S per
AND
19
»
171
46%
113
79
47%'
Tuesday
ci
Feb.24
r
Stove
Pwr & Lt Co—
preferred———
3.8%
25%
52%
45%
•
27
*17%
37%
32
V
Kalamazoo
300
108 A
25
•>
17%. y
.17%
;
46%
26%
112 Va
9G'%-
98 V'4
17%
46
/;
38 3a
32%'
,V
25%
x45%
-'• /,/
27
38%
32%
*98
,
16%
2574
x44%
47
80%
32%-/:
>14
53%
17%
.'j;
27
/ /
>
19 /> '
80 //:-•
79%
j
25%
16%
25%
*25 Va
:
47%
46
115%
t per share
25'A
*52%
19%-
47
Feb. 22
24%
25%
27%
20%
■107%
•
17 -i
17%
47%/
108
*107%
54%
25%
27%
*18%"
108
Xl6%
46%
*19%
/.
*52
17%
18%
47
20
24%
54%
26
"
20
Kansas City
108
..
54%
17% "/
18%
Saturday
20
,17%
56%
17%
26
20
20%:;//::
197
32%
Jan
Jan
Jan
Aug
Jan
,
Number 4573
Volume 165-
«•
:THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK'RECORD
LOW AND
Monday
Saturday
Feb. U
$ pet
[
38
38
v
153
54%
40
55"
13%
STOCK
CLOSED
*430
ft
*13%
>
xl8%
167/a
520
•10%
*430 :
*13%
10
15--,
13%
31% V 31%
r
4%
27%
27%
ft"; 4%
ft,
8 ft
•
8%
ft 12 s?*
12
'
337/a
*109%
'
32%
33%
'33%
19%
30%
*105%
11%
471'
*110%
46%
-ft 33%
33
-ft
.
106%
36%
30%
*29; ft
53
39%
"
40%
23 Va
23%
22 %
•
22 %
•
l
4
40
«
13
ft
*152
-j
13
14%';
61%
11%
11%
*114%- 115 ftr
■
v>47%
,
ft.
*31%
c,
j'f
*31%
*116,,"
58
41%
42
*56%
*43
154
V4
*152
■•:
A
13
34
35%-
13
13%"
12%
13%
593/4- ft 60%
10%
32'/a ww
...,
63A
>
32
31
*30%
56%
115Va...
116
61%
'
59
60%
58%
60%
24; I
243/B
>
233/4
24%
24%
25%
53%
53%
*533/4
57
50%
50%'"
*50
52
*50 Va'
*23
•
52
23%
*o0'/s
;
f
55
52
■
21%
22%:
20%
V
21%
25%
25%
24
24%: -C
23%
24
20%
20%
2l"*i
21%
21%
215/s
19 %
20
18
„c'*15
V 108% ;f
15%
ft;,
-
*107
39
14%
17%'
15
143/8
39%
37%
57%'
5,100
40
'/
1,500
Feb j
500
8,000
!
$3.25
100
;
115%
5,800
A
$2.50
Morrell
21%
22%
2,400
23% ;
23%
1,200
Motor
22%
6,800
ft
-
110%
600
ft
:
*42
43%
100
*55%
57%
*55%
57%
*55%
57 %
"200
100
100
14%'
$ per share
HIGH
Feb. 25
34-
$ per share
$ per share
$ per share
$ per share
19%
19%
183/8
19%
18
1834
18%
*27%
28%
26 %
27 3/4
26 Va
26%
28%
28"-
28 Va
28
l:
28 3/8
■'
*
16%
15%
13'/a16
STOCK
EXCHANGE
-
29
4
CLOSED
"
33
ft;
*25 ~
;
38
',39 VaV
25
;
12%
:
/
137/a
i4
123/4
15%
153/4
39
16%
33 %'■
32 %
32
26
i
11%
7.:'
16%
*28%
29%
,
Co
Brass
Mfg
/
*25%
38
26
.11%
,
*183 ft?
•
37%
ft
ft
-:
y
' •;
■;
■
'ft
xl3'At
13%
13%
36%
37%
37
37%
37%
I6V4
163/s
163/a
163/s-
16%
133/8
13%
'
'
/;
3234
*
33
•
32 V8
19 Va
19%;
18%
19 Va
21%
39
;v
20% ,20%
20
32%
18
/
21
,
•
39
;•
*37 r"
39 V»
22%
32
"23%
*104 /f 105%
32 ■ ; 1 32%
,*37%
■32%
223/8
104
20 Va
20%
National
Nat
1,000
National
100
Battery
Biscuit
7%
39%
38
38
39
23
22%
t'+] 105%
Nat
ft.
Nat
4,300
•ft
Bond
National
5,600
ft
*
105 V4
.ft 105 % Feb
31 Va
313/4
30%
7,000
2,100
.
25,100
r
39%
&
C
36
Jun
Sep
30%
Apr
Sep
Oct
107 Va
Aug
-
103
43 Va
Jun
Jun
10
19% Jan
28
ftftft
18'A
Dec
3 ft"'-^
36%
Sep
41% Feb 25
56 y Feb 20
.
ft
47% Jan
s-;
65% Jan
;?
20%
■
ft;
10
54 y
;•
97
Dec
6
47
% Jan
30'
397/«
Oct
61 Va
Jun
Jan
6
110
Nov
113%
Apr
ft113% Jan
Oct
18%
Feb
3
43'A Jan
ft
Feb
17
16
16% Feb
13
34'A Feb
27
39
Jan
2
34% Jan
16
42 Va Feb
4
105'
-
149
-
:
>
20
31%
;
40
"
i
$4.50
'
■
28
"
59% Jan
104
.'
10Va
:
*:31 Va
Feb",
45% May
32
Nov
62Va
140 *
Oct
*
.ft;
2
12% Feb
3
14
Jan
15
13
-
•' 28
25
« 128% Feb
116% Feb
55% Jan 16
Feb 19
115V2 Feb
20% Jan
53
ft
-.Jan
National
8,800
52
Jan
70
Apr
28%
187
159
*157
;
;
*7Va V
26 Va
,
-
*157
1 Va
263/4-
* 1%
-
•50
*26 Va
27»A
15Va:-' 15% /
V; 18%
92% "
28 %'; 28% :
14%
27%
■;
18'5'/4
*157
159
ft
>157
7
7
•/
24%
*50
25%
50%-
1%
1%
"v
86%
88%
90
27%
28
26%
14
15
93
185
*7
1%
j
185 V
26%
,
25
-
ft
27%
s
-v
85
-
14%
14Va
17%
*17 V
92
92%
923/4
-
26%
-
27
27'A
14% .ft
27%
.
*18%
*105
17%
17
17
163A
17
5/ft
11%
12
12% >-
113/4
23%
235/a
23
23%
23 ?!
23
35
*18% V18%
35%
.
.
-35%-
*104%
106
page
*105
1207.
106
-
35%
106
-
xl8
18
*105
106
35
35
*104%' 105%
*18Va
18%
105 y4- 105'A
35
35
103%' 104%"
/
*23%
18%
U05
300
6,500
.
:
Dec
104 % May
20
7
50% Feb
26
24 'A Feb
30%
Apr
Sep
62
Jan
40
Nov
56
7
15%
Oct
34%
3
19
Oct
36
22% Feb
28
20% Feb
•
Nov
27% Feb
•
21
<
14% Sep
22%
Oct
109%
102'
National
ft
Jan
14Va
100
National
400
$2
640
4 % %
conv
Sep
27% Aug
10
32%
Oct
49"
108 Va
Jun
114'A
29
11
9%
Oct
22
13
33 Va
Nov
55%
Feb
56
29
50
Dec
70
Jun
{
Jan
Year 1946
$ per
30
Jan
23
27ft
6
16
16% Jan
13
14
Feb
29% Feb
24
24
Jan
13
Jan
Jan
11 % Jan
34
Jan
xl3% Feb
32% Jan
17
10
182
23
34'A Feb
Jan
185
26% Feb
13% Feb
6
;
No par
£
34%
20% May
28%
Co.—w
Products
21%
Apr
Feb
7*
Jan
7
13
Oct
13'
24
Feb
38%
Dec
15
Oct
23
Aug
Apr
Jun
9%
Co.—No par
—
2,000
National
3,500
Nat Vulcanized Fibre Co
2,700
Natomas
i
23%
1,100
Nehl
-
:
18%
106
«
.
700
20
35%
35%
1,200
104%
104%
110
Co
100'
92
.
24
—10
1
ft
No par
No par
Neisner Bros Inc.—.
conv
-
Corp.
4%%
-
Pa--^—10
ft 12% Jan 13
40/ft -16% Jan 17
17 Va
ft:'/
serial
Newberry Co (J J)
3%% preferred
2
•
-Jan 13
15% Jan 20
11% Jan
3
20% Jan
16% Jan
1
common .No par
•
2
15
Feb 13
31% Jan 17
102% Jan 18
105
preferred—100
100'
Feb 20
■
24% Aug
Jan
3
30
Sep
45%
20% Jan
6
15%
Nov
34 Va
2
19%
Nov
32% Aug
Feb
19
31%
Nov
67%
Jan
25 Va Jan
2
15
Jun
38
42
ft
Feb
107
V
:
16%
Oct
33%
102 Va
Oct
108 Va
40%
9
27
Sep
189 Va Jan
30
178
Dec
207
1 Jan
28
X149
Oct
Jan
Apr
173
35Vs Jan
July
10
6%
Nov
Apr
10% Aug
4 Jan
31
20%
Oct
41%
53% Jan
6
41'A
Sep
72% May
1 %
Aug
167
,
7% Feb
28
Jan 20
IV2 Jan
Oct
22% Jan
*
ft
'
Jan
79% Jan 16
26% Feb 26
32%
Apr
45 Va
22%
21
47
*
25
Apr
37% May
205%
Nov
14% Jan
30V8 Feb 26
4/
distribution
ex
Corp.
34%
Oct
Oct
Nov
Jan
Jan
Nov
17% Feb
6
Feb 28
Jan 16
Jan 14
Jan
41% May
31
40% Feb
21% Jan 16
103% Jan
6
10
Jan
52 Va
Dec ft
25 Va
7"
13
A..
::
Sep
180
13
40% Feb
23
13
16
23
Oct
Sep
13%
20%
15
3
13
26
30
Jan
16VsJan
17% Jan
37 Va Jan
■
•
28'
15% Jan 23
1
_1
No par'
'
Jan 13
27
10
25%
Oct
t
10
21
Jan
Jan
$ per share
14% Nov
7
16% Feb
•
share
13
7
13
15
1
—
$ per
share
ft 19% Feb
29% Feb
2
13
Highest
Lowest
11% Jan
1
—
12'A
Tea
Jan
: ft ■/':
13
13
No par
1
-
Co
Jan
Jan
15% Feb
14
:_10
preferred
May
44% Feb
3
2
6
1
4
(The)
preferred—
Feb
13%
112
14
Jan
25
Corp.—No par
National Supply
'
Jun
6
10
40% Feb
22
27% Jan
100
Co
Sugar Ref
Jan
Jan
r
5
Inc
Co.—
Steel
Jan
May
15% Feb
106
8
15
$ per share
-5
Louis
common
National Power & Lt
:
.
Oil
Jun
50 Va
1
Lowest
,
National
Apr
Dec
Sep
Range for Previous
Co
s
45
64
135%
57 Va
4
Range Siiice January 1
Highest
'
Inc
preferred
preferred
May
Jan
23% July
Sep
111%
8
14
100 ft 183%
6%
B__
•—.:
100 1 157 %
National Linen Service Corp
lft
6%
Nat Mall & St'l Cast Co——No par"/ft 23%
7%
17%
Mar
27
54%'Feb
21
'
ft
163/4
11%
-
ft ft
*267/a "27%
17 3/8
ll5/a
187/a
'. "
!
93
17
107
*104%
263/4
92 ft
11%
233/4
200
4,100
17%
r
1,500
ift
12,300
13% '-14 Va
17%
92
500
:
1 s/a
263/4
27%
10
.
r
*86%
1%
1% V
863/4
17%
v
50 T
50 -1
50
>
1%
25%
*25
V
'.280
7%
*7
7%
50
157%
157%
158
25 ft'
86
ft
12
*
233/4
sec
185
17 JA
17
footnotes
50 Va
17% : is
92 3/4
92%
For
ft;
26'A
(
88%
-
.7%
1%
" i"
*18
12
159
.
25'A
/
89%l.
89%
;v
7 Va
7%
50%'
*49 %
*265/a
185 : •; 185
-
44
Dec
43%
•
.
preferred—'
Lead
129
■ft 11% Dec
28
Jan 16
18 : Jan 13
21% Jan 16
ft ft"'.'"ft,-' /ft
Dec
18% May
Oct
42
■
3
26% Feb
1
15
Jan
No par •< 105V8 Jan
'.5
13
Jan
1
36% Jan
100 ft 109% Jan
.—10
11% Jan
50
37'A Jan
No par
54
Jan
60
19
4'
.64% Feb
19'A Feb
Apr
119% July
Apr:
Sep
28
Sep
5% Oct
17
3
44
ft.-"
Feb
63% Feb
-
68%
Dec
8Va
Dec
26% Mar
Oct
100
7
7
25% Feb
51 Va Jan ft 2
13%. Feb 14
32
Jan
2
55Vi Feb 26
*
ft
July
14%
45 ' r Oct
10
34 Va Jan
8
Feb
9%
•
Jan
173
10%: Nov
l
7
115 Va Feb
10% Jan 16 ft.
118
lift
13
13
'45
Stamping—No par ft-
conv
8
66% Jan
114% Feb
6
Jan
19% Jan
,
1
National'* Gypsum
9,600
ft
77
May
110% July
Sep
26
National Distillers Products ft No par '■
St
32% July
52 Va Apr
.
Container..
Enam
Nov
Va Feb
1
Cylinder Gas Co
Nat
Dairy Products—
National Dept
Stores.—
Nat
26%
Oct
101
97 Va Jan
1.25 ft
Corp—
Co
57'A Aug
17 % Jan
7 r
•
*184'A
Dec
35 Va
1
Share
Nat City Lines
300
.
.'
31%
Oct
18%
50 ? Feb
'
30%
Apr
22
11
31
35%
8
20
25
Jun
Nov
105 Va
ft
Corp
Register
National
106 "
Aft
Oct
National
186 "%• 186%
*
21
Nov
Can
Cash
2,600
23 ..ft '; 23%
23%
106
*104'A
%
25% Feb
108% Mar
102 ft
20
18
preferred—-;
3,000
203A
16
Jan
56%
61
No par_5
Fibres
National
t
11,400
18 Va ft
A
Nov
39%
•
6
-ft .'.ft Vft ft ft
St
Aviation
National
700
163/4
203/a
20
Va Apr
Sep
69
8
Airlines
Automotive
5.200
34 I
18 Va
18%
105% Feb
46 % May
48
Feb
Corp
8,600
ft
13%
32%
18
2
Sep
Sep
44 •'<
73
Par
&
'
'
23% ; 24
105%-
*104
33
32%
18%r
20%
>
6
:
24% Jan
Co
37%
"
"
Jan
22% Feb
Apr
25 Va Jan
'
39 Va
44
31% Feb
May
30
1
8
ft
Apr
43
122
23%
20
Feb
?
71
Dec
4
-
Chatt
7,400
39
16
32
Sep
-Oct
102 %
56% Feb
ft
42
25
'
16
No par
com—.
Acme
.
12 'ft: ;
383/4
39%
14
'■
:
Nash-Kelvinator
26
12
13
f
Inc
National
187 'ft
*25%
12%
7
28
100
A
Co elass B—
Nashville
33
32%
32%
182
21
22% Feb
No par
new
260
29
*28
29
32%
.182
12%
■y.
fftft
29,300
153/4
15%
ft
23
33% Feb
-50 ft
; 1,800
ft
,
13 Va
15%
*25
:<
37
ft
15%
13%
15%;
37
14 Va
-
14%
12%
31%
39
39%.v
17%:
-
28%
14%
13 Va
28%
/
Shares
28
15
*180'A 185
123/4
.
28
13
*15
.
V
185
13
39
,
29%
31%
:
26
/
12%
14
*293/8
*1801/4
33%'
185
153/4
*28%
27%ft 27%
48% Jan
Jun
62 % Feb
-
EXCHANGE
18 3%
xl8%
:
14%
13 Va
15 Va
;. 29%"
32%
153/4
Z
13
•
16 5/8/'
A
*182
*25
14%
133/8
;
18%
16
NEW vork STOCK
$ per share
27; .27
28 Va
■
/ Mar
111
20% Jan
10
the Week
Feb. 28
Feb. 27
118
ft 107% Feb
ft
39
Jan
No par
Sales for
Friday '
Thursday
Feb. 26 V
Jun
Feb
—
STOCKS
Wednesday
4
Jan
5
Products'Corp
Corp..
SALE PRICES
r
Jan
20
pfd-100
4%% preferred
Murray Corp of America—
4%
preferred
Myers (F E) & Bros:
—
7,600
43%
'
113
Nov
50
& Co
Murphy Co (G C)
230
14%
*42
110%
May
13
97
—1
1
Wheel
Munsingwear
2,000
43%
14 Va vl45/a
Sep
Jan
ft 35% Jan
100'
preferred
$7
38%
17
55
47
pfd
(John)
Mullins
4,100
15'/a
38%'
Oct
45 Va
103
& Co.-—No par
Lines'Inc—110
Ward
cum
Mueller
109 Va
38
Dec
9%
4
97
14
No par
series
Moore-McCormack
200
57
ft 52
18%
93%
8
Jan
Feb
called.—__——
Montgomery
200
*14%
4
Feb
50
50
RR_
preferred
Preferred
410
16,700
26% ft>
22%
Feb
12
25
102 » Jan
21% Jan
Monarch Mach Tool/—L—__No par
Monsanto Chemical Co common-ft-5 >.
100
.18%
2
13
16
preferred^—
Mojud Hosiery Co Inc
May
112% May
No par
preferred series A
Mohawk Carpet Mills—
110%
14 V
-Tuesday-
Dec
Jan
Jan
7%
4,400
«f
NOV
70
NOV
103 %
Jan
Jan
—
Mo-Kan-Texas
*42"
LOW AND
Monday
45%
25
36
No par
1
Nft
Feb. 22
8
Feb
7
5
9,000
48 % May
38% May
204 Va
Jan
28
Co
2,900
*
Motor
•
Oct
Jan
40'A
•ftftft ft'':
Saturday
49% Feb
106 ft
112 Va Mar
Sep
195
105 Va
56 V:
56
27%
24%
6
7
—
*107%
373/4
-
35'A Jan
25
14%
14%
Apr
7
59% ft ft
*50
:
18%'
>
110% /
75
24
43% •;/
13%*42
••
Sep
14% Feb
'•
iff
14% ?' 14%
38%
48
-
26 ft
*53%
■";.:
-
22%
108
14%
Jun
2
13
16
>i
6%/ H
109%
18%
■
109% A
Feb
30%
63 Va Jan
Minn St P & SS M A vtc—„No par ■
10 5 Jan
Minn-Honeywell Regulator
—3
' 58% Jan
3.20%
conv
pfd series A
100
111:, Jan
Minn Min & Mfg_-L—--No par '
53'
Feb
Minn Moline Power Impl
1
9VsJan
V $6.50
preferred
No par *<104
Jan
Mission' Corp
10 "'"
30% Jan
24
•
*23%
2134
18%
•108"
•.
110 V >, 110 r: V
14%
43%
'
!
38%;
39%
43%
*56
19%r '-.
110
14%
*110%: 110%"
r
ft
*108
45 Va
Oct
4
21%
21%
'■
•
Sep
Sep
14 Va Jan
150
Feb
12%
•»
59%
•
Apr
ft 153% Feb
3,700
"*<
,
Jan
57%
15
••
>
r 58 Vi
115%
/ 116% r
-
60%
'
'
*118% 122
119
20%
10
32
•
57
%
•,
11%
Oct
Nov
4,000
•
:•
Dec
11%
T Jan
2,400
Jan
31
10
100
Products—
1st
Jan
46 Va May
/ft,' 8
Xl09
23
<
;
26%
Nov ft
30%
12'A Jan
46
*31
31%//
119
*111
7%
/
Minneap & St Louis Ry.'-,„Notpar;
cum
Apr
6
15
-ft
Oct
^
1,800
*
•
>- * 12 \
12
8%
Aug
16%
11
Jan
A18
Petroleum_i
Steel
Sep
526
27
Jan
No par
Co
Copper——:
Midland
10
22
Trans
Mid-Continent
3,300
Vft
>32
*45%
45%;v
57 hu, -58 '
<
114
32
X12,., /W.12 V4 >•
120 V V
•
U%
11%
*1121'
21%
12Va...-
55%
Jan
Jan
preferred.——No par
Machine
Miami
400
53
6% '?
45%
ft:
"12%
53.
.22%
45%..':-
31
35 Va
Min
17%
' Jan
33
50 Va Jan
10
Nov
30 Va May
21% Feb
34
190
27% Jan
_1
Metropolitan Edison 3.90%
6,200
-ft 39
13%
32
21%
k
61' v
r/6%;
*116:
1
2
26 Va Jan
No par
„_
Stores Co Ltd
cum
Mesta
700
•113% 115
53,% ;
V10%" 11%'":
*112 -w 115 'ft'./"-
22%.V
12%
26
•
4
3
Jan
44% Jan
•
Apr
Xl7Va
ft*
oct
■yft/3% Sep
13
101;
-18
^
Stores "Co
St
$3.50
,110
*59% '
a
53 Va
•114.^,'i-; .'
ft
16%
Ine.
Merck & Co Inci
1,300
300
13%
A
*113% 115/%."
.
A
54
-
39
Merch
400
ft.
109
-
Robbins
preferred.—
Mercantile
3,400
•'
43%
"12%
61
.115 V
190
*152 > 154
154
-
24%
*53%
2,600
,
58
34%
ft
12%
•
62%,
56
3,700
*"
'ft 101
15%
•
113/4
it
500
*
43
-
&
—
'
18%
108%
38 SA ;i-385/a
•
1
,8Va'Feb
Ill :
.
103% Jan 20
5
McQuay-Norris Mfg Co.—
Mead'Corp
4Vi% preferred.J
4%
2nd preferred——
Melville Shoe Corp
'.
Mengel Co
(The)
5% conv 1st preferred
•
21%
43%
157/a':"
•
61%
*53%"
'
57';
101
110
15%
•-
•;
44%
t:- *109
383^
20
44% Jan 25
f
_No par ~
McLellan
170
49
24
-
•41
,
.58
101%"
24%:
:
23%
ft 21
45%
ft
t
■
•
101%
15%/>
35%./:
6%
120% '>
115%: 115%
'
110
32 J
31%
56.
-•:.
44%'V"
21%
'
12%
*
58
:> 123
44
v
McKesson
2,500
18%
*112
46%
ft
32
57%
*118
49"ft
'233/4
xl3%*
57%-ft^
187
1
Co.—
1,800
"
103
103
48%.
23 %
101%
Jan
28% Jan
,
1
Co.
Pub
Jan
May
lllVa
Jun
8%
•
18
13% Feb
34% Feb
ft
t
53% Jan 16
30% Jan 22
•
1,100
ft
22
18%
10%
.
6%
12 Vb
103%
48%
18%
53%
r.
22%
.-46%
12% ft
-
29%
V,
ft
;
62% " 64%
*113%
32%:
•
103'/a
"
12%
11% "'
:
22
29%
/.
22
60
<
v.
114%
21%
48%
12Va
>
r
54%
6%
-ft
ft 23%
213/4
*37%
114%
32%
7%
23
S3 %
Electric
McGraw-Hill
'
48%/
2
30% Jan 24
14%Jan 16
100
Mclntyre Porcupine Mines$4
64 %
12%
:
1,400
105%
64 Va
34%
»>
13%
11 ->'■•••
*105%
21%
15%
•
900
A
ft"'; 3,900
66
44
:
ft'
40
213/4
*152
54%
105%
,
ff:
23%'-
*109
61
113%
32%'
6%
22%-
,
'
x39%
McGraw
600
ft
ft;.
66
*41%
•12%
113%
/<
'
■
103
<•
18'%
154 I
.,
<60 V
54%
32 %
.
35%
V 12 %
114 V? 114 ,:)//
i< ft 54%?,
v
29%
ft: 52
52
23% ■"24 !///
29
r 30 %
.
109
.
No par /ft 94
No par
10
No par
46
No par
xl09%
Corp
McCrory Stores Corpw
3 Va % conv preferred.
220
76%
65
17
7'% Jan
—5
McCall
1,000
2,600
>
ft:
36%
29 Va
21V4
39'A
12%
44% .ft
<; 107%
21%.
29% y
22
"22%
.
15%
•
10
*36%
40%..
*105%
"
44%
15%
39
23%
103
109:
39 %r
13%:
395/8 "
56%
44%
1113/4
'
•101'%
35%
61%
29%
56%
108%
100
44 %
36%
21S/8
-"67-
40
152
36%
29%
22%
1,500
33 % " 33 %
52%' '•53">'
*47
11%
Sep
Jun
160
•;
Dec
520
2
27% Feb
3% Jan 14 ft
11% Jan 25
29 Va Jan 22
No par
$3.40 cum pfd—
Maytag Co
$3 preferred
$6 1st cum preferred
97%
*107
v
29%
23%
23% ^
36 V
ft
152-
•
24% 330% '
i
V..'/
46
107
42
•
/
12% Jan
4
TOO
Stores
16 %
13%
V
10
No par
preferred
"$3.75
470
ft
46 Va
*111
32% / 32 3/4
107
105 Va' "
Dept
l
5VaFeb
1
Wks
Dec
Oct,
12% Sep!'
13
__
A
140
30
32% Feb
No par
No par
Co—l—
Alkali
15 % Feb
21VaFeb
17% Jan
,
25'A Jan .13
1
,
■
36% r
*105%
Co
preferred
May
3,300
ft
11%
29%"
r
7 %
10
ft
Elec
Mathieson
2.700
:
46%
.
39
'ft
39%
105% 1
'
•
45 —
•
45
Master
200
r
r
V
106
*97
11%
513/4
102%
-•
15%;.
.*35%*
30
/
453/4—
32% '
36%
X29
56%
.
44%
*45'A' 47.
*111
1113/4
107
*101%
f
j,
108%' 109%'
15 %»
52%
18%
18%
.--41% .42
*101-: 4.102%
a. 45
30% ;
21%
44
t *56%T' r57
453/4
32%
29%
192
106
>97%
11%
-
111
107
36%
.66
18% .ft 18%
45
'•
33% '
22%
68 V68v
*42%
46'
103
v
45%
106
:/
*97
11%
293/4
(Glenn L)
106%
ft 14% Feb
-100
Martin-Parry Corp__
Masonite Corp.'
25
i
25
42% May
Nov
14
No par
;
preferred
Martin
Oct
37%
16
100 ft
Co—
3,900
1,800
%23/4
*31%
*187
•
•
&
38%
7
12 Vs Jan
ft
5*
i
8
ft 27 ft'Jan
■
__1
6.25
prior pfd
13
108 Va Feb
26
Highest
$ per share
Sep
•
Jan
./ft:
Feb
32
.ft
share
41% Jan
8
;
10"
9
'
106
47
111
22 ft 22% :'3
>. 103% }
48%
48% -V
'
; 192
44%
«
97%
11%
107
23%
ft
104%
49 "3
49 4
45%/':.
*45%
323/4
29 % -.29%
*187
106
*97
111%
39%
ft
32%
.<
V,
187
Corp
6%
Field
4%%
10
Exploration
2,700
:
a57
57
.
*105%
24%''
32%.
30
187
52%'-
104'%
■
54 %•■';'56%
.
36%
105% '*■
24%'
31%:
H
54%"-
*30%
29%
.
29%
31%
22% * 22%:
r
f.
19
Oil
St Ry
Marshall
4,400
V
32%
18%
11%
32%
V 107
53
*105 V
.-
1095/a
323/4
18%
47
*4!J%
•'
107 ff
ft 36%
•
*109%
32%
45
*111
t.
18%
106
11 ■'.
331/4
Market
ft
5
Marathon Corp
Marine
Midland
320
32%
46
*45 %
111%
'•45%
•
;
2,400
6,100
,
18%
97%
11%
*45%
.
45%
97%
i: 33%
*109% 109s/a
Shirt
Maracaibo
Feb
•
$ per
ft 56% Feb
•
V 17% Jan 16
1 ft;; 14% Jan A 6
-
38% Jan
13 pl 140
10
—No par
Manhattan
500'
1,300
:
13
-1
Co
i
13
•-
Lowest
$ per share
Jane 2
107% Jan
,
50
Sugar
ft
323/4
33
pfd
Yea*1946
Highest
,
28
37% Jan
Bros
'
,
12%
43
Manatl
•
33%
106 ft 106
106 £ ft
*97 >
197 '-
-8
-v
140ft Jan
No par
No par
Co Inc—
ft 300
v
ft
26%
73/4
*12%
100
Inc
36% Feb
Mandel
'/
17%
30%
187-'
46%
263/8
7%-:"7%
12%
12 %>
'
'
-4%
.-10
2,100
v;.
32%
55%
32%.
30%'
197,'.:>
.
8
12%
ft'" 31
•
4Va','
Forbes
,
$ per share
Magma Copper—
Magnavox Co (The).
Mahoning Coal RR Co—-
3,100
14'/a > • ;
*133/4
Lowest
series A
100
Madison Square Garden.^—No par
2,400
.
109%
'.
*
27%
103/4
Trucks
4%%*
.520
*30
,
.
Macy (R H)
900
-
(
.
*109%
>
18%
v
4%;■
r
Mack
300
13% j. /■'
10%
14
ft
&
preferred
2.400
|
54 %
33%
45%'
293/4293A;
4 Va -'
4%
26 Va
263/4
*10%.. 10%
32%
,
19%
30%
.
30%'.
J
7%
33%
*187
*430
14
12 %
56%
33 —
55%
520
6%
!
205/8,:: 203/4
16%
16'/a
14 %
4%
109% 'it';
*31%
r
MacAndrews
3,700
ft',
Range Since January I
,
Par
j-
110
*13%"'
16Va
10%: ''v
30
.
19%
„
520 :
13'A
16Va
*430 '
10%
55%
.*32
13 V*
20 V»- -20%'
26%
33%
:
108 Va
14%
12%;:
109%
(
*108%
Range for Previous
STOCK
EXCHANGE;>>■ ft;Aft'*; '
300
/
;
13%;.
8
110ft
52
393/4:; 40
20-
4%
8
12'-
*
33%
153
52
V
163/4
27%
•
*145
39%
108 V2
t
•ft
ft
51% >52%
193/4
*430
30%
*4%'
27 Ve
153
367/a
39%
v
YORK
Shares
share
36%
16%
-v
13%
.ft 30%
•
$ per
NEW
the Week
Feb. 28
•
37%
*145
,
108%
13
^20.
10%
'
10%
*
13%
Feb. 27
$ per share
52%
39%
103%
19%
ft: i6%
17%
ft.
153
.
39 %
Sales for
Friday
•
STOCKS
.
Thursday
37%
51
:
108 %
19%
17Va
>
54%
40-:"
108%
*
38%
:
*145
13%
19%
EXCHANGE1
*37
153
39%
,
109 V
•
38%
-
*145'■
■"V 52%
40
'
*108%
'•
*37%
•
v
*145
*
$ per share
M. ft/ft"'
PRICES
Wednesday
/
Feb. 26 *
$ per shar^'i':>
Feb.25
$' pet share
share
HIGH SALE
Tuesday
Feb. 24"/
1% Jan
2
91% Feb
28% Jan
y
8
15% Feb
Feb
94% Jan
18
,2
29% Jan
17% Feb
U % Feb
75
10
11
13
18
•
ft
Sep
25 %
Dec
11%
Nov
2%
Feb
Sep
101% July
38
Apr
25
Jan
32
Jan
16 %
Dec
89
Nov
106'A Mar
24
21%
Oct
42 % May
10
14%
Nov
24% May
13
10V8
15
Feb
32%
Jan
10
24 Va Feb
17
Sep
18% Oct
16%
22
Sep
18% Feb
106% Jan 16
38
*• 104
Feb 13
A Feb 13
Dec
Dec
109% Aug
25% Nov
43% May
Nov
110% May
104 1
103%
1201-
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 3, 1947
NEW YORK STOCK RECORD
LOW AND
Saturday
Monday
Tuesday
Feb. U
Feb. 25
Feb. 22
: > ■
HIGH SALE PRICES
$ per share
$ per share
*10S '
*106
'A'
39
39
31
3iy2
*100
STOCK
*100
102%
19%
19%
19
20%
20%
35
89
89
18%
\
*33
*13%
*55
62
290
275
275
105%
105%
19%
42
42
19%
19%
20 %
19%
197/a '■
34%
33%
35%
34%
34% V
87%
87%
88%
88Va X x v.; 1,100
18%
17%
17%
>
23%
V
25
62
*260
'
12%
.
41%
-V
.X",
*250
106
252
242
122
122
122 ' X
31 %
31%
.
10 V4
31%
10
110
21
21%
X'
10%
20%
30%
X
12%
31%
X30%
10
10
19%
20%
122
101%
*101%
21%
21 %
42%
"
42%
31%
10V4
102%
20 %
110
20%
*108
21%
20%
North
17,500
:
•
4,800
20%
*101%
102%
19%
20%
21
101%
101%
20%
101%
13
95%
Oct
109 Va
Jun
13
21% Feb
4
18%
Nov
34%
Apr
16 V
46% Feb
10
36%
Oct
69 %
Jan
22% Feb
3
137/a
Oct
26
Sep-.
35% Jan
61% May
16
Jan
13
867/s Feb
:
13
32
•;
Jan
26
37
Jnn
99
Feb
"
79
Sep
20% Feb
16%
Dec
37%
25 Va Feb
21%
Oct
41% May
X60
Feb
11 :
R27/a Jan
53%
Oct
76
May
275
'Jun
325
Feb
1
290
Feb
20
275
15
106% Feb
28
102
3
13°/4 Feu
8
27
43
Jan
7
252
Feb
25
223
Nov
18 .'.
122 % Jan
4
119
Dec
29% Jan
33% Jan
13
16
10% Feb
25
115% Jan
22 Va Feb
7
2
102% Feb
17
16
21% Feb
99
Jan
17
Jan
53
Dec
111
Jan
288% Apr
129
Aug
Oct
9%
11
13
Oct
23%
17
Feb
17% Jan
10
31%
7
9% Jan
110
pfd $3.60 series
28% Feb
22
-10
1
Feb
113% Mar
40Va Jan
v
Jun
Dec
118% Feb
No par
Co
Power
135
Nov
11%
223% Jan
5
100:
100
50
10O
(Minn)
Ry
Pacific
States
13
11% Jan
V
Feb
103% Jan
50
Co
.
39%
Apr
16% Feb
117
May
16%
Oct
36
Jan
96%
21
Jan
Dec
18%
104% Nov
Nov
56 Vz
Jan
Northwestern
Telegraph
50
42 % Feb
24
45 Vz Jan
2
44
Oct
55%
Jan
Norwalk
Tire
&
Rubber
No par
11% Feb
26
13% Feb
11
9
Nov
18 Vz
600
Norwich
Pharmacal
2.50
16 Va Jan
13
xl8% Feb
6
*36%
37%
500
Ohio
35% Jan
2
Jan
10O
109 Vz Jan
13
111% Feb
No par
21 lA Jan
16
24% Jan
6
29
21% Jan
2
21
*42%
43
11%
*11%
12 Va
17%
11%
11%
17%
17%
17 %
17%
17%
17%
*17%
*37%
37%
37
37%
43
3
99% Jan
100
20%
43%
11%
*42
Jun
700
21%
42%
12%
43
Cum
150
101%
Apr
45
18% Jan
Light 3.90% pfd__100
American
Northern
50
Sep
No par
preferred
Northern Central Ry Co
20,300
Oct
27
13-
North American Aviation—.
.
Oct
30%
7
Feb
102
113
2
,
13
Noblitt-Sparks Industries
Norfolk & Western Ry
Adjust 4% non-cum pfd
10
37%
17%.
32 Va Feb
Jan
Shipbldg Corp part stk
Y
N
100
110
12%
*42
40% Jan
14
$ per share
Dec
No par
non-cum
N Y Power &
300
10%/
13
*12%
13
26% Jan
106
7
161/4 Jan
NY & Harlem RR Co
;
3,330
X
31%
Va
$5
30
.
247 Vz
10
*108
21%
41%
_244
*119
31%
10
111
XX?1/;
' XX' 1,500
127/a
*40%
247%
122 X
X
'100
.
? XXX X10:
106%
12%
Highest
$ per share
4OV4 Jan
100
Northern
101%
108 Vz Jan
—No par
York Dock
New
100
*
Y
Jan
$ per share
22
preferred series A
City Omnibus Corp
6%
N
1,200
-
X
290
106%
41%
242
*119
*108
~
110
106
*40%
248
121:
113 V2
Louis Co—
N Y Chic & St
700
v
6
.
No par
No par
100
Central
York
New
52,100
62
*250
X:
290
'
12%
4iy4
233%
120%
*56
Lowest
? 37% Jan
Corp
Mining
York Air Brake
\New
900;
18
23%
62
105%
12%
*40
25
..*56
290 V
X*105%
13
*
18%
*23%
234
10
89
4,000
■
108
Newport Industries-
30
19%
120%
31%
102% X ■XX
*100
19%
42
231
*110
102%
42
Par
■
4% pfd_100
10
1
4%%
preferred
100
Newport News Ship & Dry Dock—1
Newmont
1,500
19%
/Xv'X "•
Jersey Pr & Lt Co
New
108
19%
*56
105%
12%
41%
*100
Year 1946
Highest
$ per share
'
<■
12%
42 Vz
31% X XX 7,900
*23%
.
105 %
*41%
39 %
31,
*105
18%
26
13
39
31%
42 %
*33
i9%.;=
*23%
60%
*275
"•
39%
30%
86%
.V.-;
19%
60%
39
19
-vi
?. 89
.
*105
108
Lowest
/,:.;X;:..
EXCHANGE
'yx.x
Shares
$ per share
18%
35
XX. 88
'•
38
31%
,100
Range Since January 1
,
1
V XX
V
'
41
-■
...
26
*23%
30
.100
43
$ per share
'•;
the Week
?,?'/
108
*37%
X
7,/
42%
34%
CLOSED
31
197/a
20%
.
39%
44
*43
EXCHANGE
3C'%
102'/a
19 V2
v
*105
Feb. 28
Range for Previous
NEW YORK STOCK
Sales for
Friday
.
Feb. 27
$ per share
109
30%
•
Thursday
Feb. 2<»
$ per share
109
STOCKS
Wednesday
Inc
Airlines
Northwest
5,900
■'•x:
Co
19% May
.25
May
16%
Dec
9
30%
Sep
18
108%
Jun
19%
Feb
29% July
21
Sep
22%
Jun
*%'•
O
37%
*110
111
*110%
21
24
110%
110%
110%
110%
110 Vz
50
22%
22
22%
22%
22%
22%
21
22 Va
10,900
21
21
21
21
21
1,100
23%
6,300
%
22%
106 %
11%.
*105%
24%
12%
*116
117%
27%
32%
*25%
*160%
160 %
*25%
28
*88
92
74%
75
26%
*68
161%
*26
92
74%
30%
90
74%
116
27%
*26%
31%
162%
166%
>,-25
*88
74%
25
90
2,200
•
116
31%
161%
25
*88
76
12V4
31
1621%
25
117
90
106
12
*26
32
*160%
106
12%:?:
*116'%
27%
23%
107
11%
116
*25 X
23%
*105
11%
116
32%
160 %
23%
105%
11%
27%
31%
33
*20%
23
105
12
117%
*26
22%
107
12%
*117
•
22%
22%
106%
110%
37%
21
22%'
21
23%
111
*37
••
30
28%
>
32 Va
5,000
X
163
25
*88
6%
11%
ii%
11% XX X 1,000
16%
17%
17%
17%
66
67
36%
37
,75,%
20% Jan
& Elec 4%
Gas
&
18
21V8 Jan
28 Vz Jan
Co
Co
8
18 V8
Nov
36
Jun
Feb
17
99 %
Oct
Xll9%
Jan
4
10 %
Nov
v
107
118
17% Jan..
120
Feb
Feb
6
xll3
Sep
15
28% Feb
18
25
Dec
51% May
13
33% Feb
18
26
Oct
39%
159% Feb
10
163 Vz Jan
18
158
Sep
22 % Jan
2
28% Feb
8
19%
'
88
No par
Glass
Jan
?
13% Feb
13
114% Jan
37% Nov
112
25% Feb
16
-2.50
Mfg
38
13
100
Marine
Owens-Illinois
.6,600
20% Jan
101% Jan
/10% Jan
preferred
Outboard
Outlet
*11%
74
Co
pfd—20
Oliver Corp
No par
•
4%% convertible preferred—100
Omnibus Corp (The)
8
8% conv preferred A
10O
;j
Oppenheim Collins
10
No par
X Otis Elevator com
90
75%
;
Oil
Oklahoma
500 X
75%
X
Co
preferred
4.40%
Ohio
•
140
•
25
Edison
Feb
180% May
35
Dec
Jun
Jan
18
93
4
86%
Oct
111% May
73% Jan
16
79% Feb
8
69 Vz
Nov
100
11% Feb
12.50
26
12% Jan
13
Jan-
Apr
P
*11%
i
12
*17
■
18
*67%
jr%
X.
12
*16
70
11%
18
67
11%
X *16
18
64
65
-
67
:
*66
36%
41%
'?•
35%
37
41%
41%
42
41%
G2
42%
62
62
61%
62
61
62
X34 %
35
34%
35%
119%
119%
37%*
37%
122%
1.
/X
•
36
120%
121
166
I67
6
28%
28%
28
14%
13%
15%
*14%
X
49
49%
49
3%
39
33%
33%
32
^ 13%
13%
13%
13%
13%
13%
*13%
13%
78
38%
39%
38%
33 Va
33
•
10
*77
44%
13 Va
13%
9%
9%
*9%
10
23
25%
22%
35
35
35
115
115
*115
21%
25%
25
25%
44%
44
44
*43
52%
52
52
*51
100
\9&
i- *17% i 20
29%
,•
21%
*17%
30%
*105
*84%
*105
'87%
30%
84%
30%
*106%
9%
9%
•/■
56%
107
105%
Feb. 27
X54%
56%
56V4
56%
56%
39»/4
56%
40%
401/4
25%
x25
251/4
29
X28
28
119%
*117%
105 Va
14
29%
97
25 Va
28%
119%
106
14%
*96
106
14
106
14 Va
26%
97
96
96%
96
36
37 X
35%
36
.*108 Va
109%
109
56
i
19
34%
35
12%
*98
99
20 V8
20%
26
,*25%
196
196
38%
9%
>
9%
11%
11%
*113
r
l2Q
cfe
99
99
29
*27
29%
29%
31
91
*90
91
90%
90%
53V4
53%
•
53%
j
53%
;•••.
*17
19
*17
34
*34%
34%
*35
102
■
%
*105
106%
*106%
105
•
-u-.
12%
12
12%
99
98
98
20%
25%
•
■—
200
xl9%
24%
19%
—
*195
201
9%
9Va
9%
11
*113
•
19%
12,100
X X
11%
120
.
36%
*195
38
9%
11%
*113
100
X; > 9,400
X
5%
Peoria
&
Si
26
122%
6
168
Feb
8
164
Dec
Jan
17
7
Feb
13
5
21% Jan
160% Jun
181 Vz July
Oct
Jan
5 ?
129% Jan
2
11%
Feb
10
28% Feb
24
18 %
Nov
34%
Apr
Jan
14
7% Feb
13
5%
Oct
12%
Feb
11% Jan
16
l47/a Feb
21
Jan
14% Feb
5
16% Jan
24
50
6
!
X
5% Jan
Jan
70
Feb
7
79% Feb
11
15
:
Dec
27
Oct
20% Apr
37%
19
."'9Va Feb
,
11%
13
.
18
108% Feb
13
Oct
Jan
100
56%
56
—X
Apr
14%
Jan
90Va
Sep
105%
Apr
111
Dec
4% Dec
'
110
Oct
Apr
May
13
32% Jan
27%
Oct
39% July
Jan
17
53 % Jan
52
Nov
82
1
3 Vz Jan
13
4% Jan
3%
Sep
38% Feb
27
Jan
35 Vz
Jan
48 % May
26
Oct
35% Aug
Co-
26% Jan
'
2.50
X
45
29
43
Apr
7%
Jan
Feb
5
No par
12 Va Jan
15
14% Feb
12
Oct
22%
Jun
5
11% Jan
2
14
Feb
11 Va
Dec
247/e
Jan
81
Enterprises
34% Feb
No par
Co—
Pere
74
Feb
14
84
Jan
8
64%
Sep
No par
-
43% Feb
26
48% Feb
11
40 Va
Nov
57% Jun
1
12% Feb
11
15 Vz Jan
4
12%
Dec
45%
10
8% Jan
3
10% Feb
19
6%
Oct
16%
Feb
18% Jan
16
25% Feb
25
17%
Sep
30%
Jan
35
Feb
25
28 Vz
Feb
37% Aug
117
Jan
29
Jan
115% July
22
Jan
Airlines
Corp.
Corp—
Coke
Co
a
7
Corp—
Sand
No par
prior
5%
Jan
27%
20Va
Sep
Feb
26
267/aFeb
3
25
Sep
Feb
25
51% Jan
6
37%
Nov
51%
51
Feb
4
Jan
21
43
Jan
68
927/8 Jan
27
101% Feb
13
86% Nov
Jan
47%
44
115
5
X
100
Ry Co
>
—100
55
,/
Feb
Dec
May
Apr
preferred
Jan
2
Feb
3
14
Oct
51%
Jan
24% Jan
16
31 Vz Feb
15
21%
Sep
40 Vz
Jan
100
Ry Co
20% Feb
25
23 Vz Jan
16
16
Oct
36%
Jan
100
100
17
22
Feb
Jan
10
Oct
132
84
Feb
8
87*
Jan
10
75
Oct
109%
No par
29
Feb
28
34
Jan
4
28%
Sep
100
;
105
100
Co
Petroleum
110
6
24
10
preferred
2nd
Z
33%c
Marquette
Milk
.
X Dec
50
Co
5%
Pet
/
X : 29% Jan 18
100 X 115
Feb
6
No par
19% Jan 27
m
Eastern
105
Feb
5
107
Feb
6
105%
Sep
8% Jan
14
97/a Jan
2
8%
Dec
preferred
Corp
/
NEW
of
America
1
5
26
108
:
,
Jun
Jun
43 Vz Mar
Mar
109
14%
Apr
YORK
Range for Previous
STOCK
X
$6 preferred
Phila Electric Co
<$1
20
4,200
Philip
300
1
V
v
60
400
:
150
X
5,900
35%
600
107
30
12 Va
3,900
99%
19%
20'A
24
*195
preferred
3.60%
series
Phillips Jones
5%
Pillsbury
$4
Pitts
Mills
Coke
7%
5,400
Pitts
Plate
11,400
Pitts
3,900
7%
Co
Co
400
Pittsburgh
"
Pitts
&
Young
Ash
30 Va Feb
'
18
20 Va
98
Jan
24
89
43% Jan
18
33%
Sep
71
Jan
25
104 Vz
Dec
112
Jun
96%
Dec
106 Vz
109
16
Jan
7
33
Feb
100
No par
—
196
pr
Va
pfd
pfd
100
100
100
Jan
Jan
Jan
Sep
Aug
Oct
36
Jan
84
Dec
89
Nov
58% Jan
7
49
Feb
73 V*
Jan
18
Feb
1
16 Va
Dec
41
Jan
26
37
Feb
8
2
108
Feb
19
,
Feb
7
2
Dec
36
13% Jan
18
29%
Sep
102 Vz
Sep
110
Feb
123
Oct
136
May
7%
Sep
15%
Feb
Feb
6
99
Jan
28
89%
Dec
2
20% Jan
30
17%
Nov
16
26% Feb
10
xl6%
Dec
30
Feb
197
July
202
May
210
Mar
—
26
7V2 Jan
13
9% Jan
10
203
Jan
2
200
Nov
42% Feb
1
30
Sep
9% Feb
14
13
Feb
8
16
13
Jan
2
Jan
23
-70% Feb
71
Jan
17% Feb
200
7%
Dec
9%
Oct
106
26 % May
48%
Jan
14
Jan
22%
103
—
Jan
47
102
20%
'
Jan
Feb
Dec
Dec
'
37Vz Feb
14
19
19~Va
Oct
26
24
67
99% Feb
U%
Feb
Feb
200
Feb
——
18% Jan
No par
conv
West
&
1
26
20
Dec
18
51% Feb
10
Co
-
''
May
116
Dec
Feb
31
100
Bolt
ser
122
20
107
15% Feb
106
91
61
1st
July
7
100
5Vz %'
34
17
97
Jan
Dec;
29
1
Jan
27%
Jan
1
117%
30% May
Jan
10% Jan
May
May
76%
Sep
Jan
Co__No par
No par
!
24%
81
X
200
15%
3
80/
x48
:
2
98
—
-
6
22
class
1,380
200
26
preferred
66%
15 Vz
35'A Feb
—
70%
*175
5
100
65%
16%
'3
103%Jarv».
share
16% Feb
Jar*
Feb
118% Feb
16
B
70
200-
Jan
class
70%
5%
21
100
Apr
29% Jan 21
22
93% Jan
preferred
66%
*15 Vz
&
Dec
13
35%
27% Jan
13
25
Chemical
Steel
Sep
51%
109
4
12% Jan
No par
Glass
Pittsburgh
70'4
*175
&
Screw
11%
70 Va
16 Vz
Inc
Louis RR
preferred
70
200
St
preferred
Consolidation Coal
9%
105% Feb
5
conv
38%
116
1
No par
$5
70
*15%
&
29%
2
100
preferred
C
13
100
Pittsburgh Forgings Co
Pitts Ft Wayne & Chic
Ry
120
3
V.
No par
Hosiery
70
*175
preferred
Corp
Phillips
9%
ll'/z
26% Jan
105% Jan
2
58% Jan
25
100
preferred
Petroleum
39%
*113
Feb
-
cum
9%
11%
Ltd
Pitts
40
25
100
4%
38%
120
Co.
20
62% Jan
43% Feb
14
A
10
201
Jan
100
"•
*190
106,
Jan
Highest
$ per
share
15% Feb
:
17
100
3,000
<
16
Jan
Iron
$ per
'
No par
&
series
&
16
$ per share
16
53'A Jan
55
-
Coal
Morris
14 Va Jan
36% Jan
3
pfd
$ per share
•
Year 1946
Lowest
Highest
No par
com
2,000
24%
Vz
25
Corp
3%%
Pitts C
11%
1
No par
Phoenix
.
*105
*98
Read
'
No par
preferred
&
Philco
-
Par
preferred—_50
preferred
3.8%
Lowest
X?
com
4.4%
Phila
10,400
•XX
x
preference
7.2Q0
X 240
X
,
19%
201
Phelps-Dodge Corp
Philadelphia Co 6%
Range Since January 1
X
Pfeiffer Brewing Co—
Pfiier (Chas) & Co Inc
60%
16%
195
X
EXCHANGE
67
page
118 Vz Feb
164
No par
Cement
Pepsi-Cola
66%
16
Apr
1
preferred
68%
*175
48
1
Mines
Power & Light Coi
Pennsylvania RR
Pennsylvania Salt Mfg Co
Peoples Drug Stores Inc
1
Peoples G L & Coke (Chic)
67
16%
Inc
Penn
400
XX
'
109
25
*199
740
,0X0
'
9%
11%
12%
3,300
19
*106 %
"■
—
99 Vz
25
.
38%
120
—
12
25
*190
107
*98
37%
Ya
52%
19
39%
11
Oct
100
Co
C)
&
Glass
71
16%
Bee
100
36%
*113
*190
footnotes
*99
33
107%
20
Penn
69%
70%
For
100
*17
34%
*196
36%.
*99
51%
19
*192
96%
35%
91
24%
*192
1
XX
28%
96%
*108.%
*27
*98
28
c'i
1,500
<
36%
29%
12%
(J
Coal
Penn-Dixie
1,000
14
108%
90%
56%
*105
12%
Penn
Sales for
106
13%
108%
90%
*106 V4
*110
106
,
28%
? 96
117%
108%
*26%
*33
106
,
100
*17
29'/4
117%
108%
109
55
108 V4
251/4
*28
14%
35%
57%
25
106
14
28
x25%
97 X
90
28%
1
Transportation
the Week
421/4
57
119%
37%
*17
41
*103%
28%
*117%
37 »/8
.
41
57%
29%;
19
13
.
107%
25%
28%
*
15%
57%
55%
39% Feb
25
Shares
*15 y8
107%
89
1,200
V
15%
57%
14%
X-
Feb. 28
15%
107%
30
*26
16
No par
Proof
Mines
X'4%%
$ per share
151/4
57%
*99
Rust
Penney
200
•400
9%
Friday
Xl07%
100
Jun
28% Jan
40% Jan
Inc
&
Penn-Central
700
or
108%
9%
X
57%
•28%
*99
29
11107%
t per share
108%
X
700
86
2Q
Thursday
57%
105 %
Jun
67 Vz
104Vz Jan
STOCKS
108%
105%
14%
100
30,900
105
*83
9%
57 %
*117%
106
105
86 X
300
500
/
i
20
22
r
109 Va
117%
97%
22
9%
Wednesday
14%
58%
117%
.
200
22
107%
$ per share
41%
*27%
•>
53
29Va
*106%
Feb. 26
40%
28%
47%
Sep
HIGH SALE PRICES
15%
25
44 %
28%
29%
9%
*27%
■
44%
*51
29V4
107%
Feb. 25
25%
43,000
29%
*83
*29
42%
25%
32,100
24%
*18%
*82
58%
*108
Oct
54%
Line—No par
Consolidated
Parmelee
10
211%
*96
84%
300
24
20
*104
4,200
35
£7%
29
24%
21
53
105 %
41%
57%
*34
900
►115 X 116%
45
105
15
,
21%
24%
*21
58%
CLOSED
20%
$ per share
15%
7,300
*18%
107 Va
Feb. 24
•9,200
*96
17%
29%
Tuesday
$ per share
Tilford
Davis
Parker
36 Va
5
Ref
&
Penick & Ford
10
97%
*9%
Monday
Parke
Dec
18
11
100
Pictures
Utah
400
80
13%
*42%
17%
LOW AND
&
Mar
24 ?
43% Jan
62 Vz Jan
Corp—2%
Transp
Inc
Patino
44%
*51
X
*106%
9%
15 %
24%
20%
84%
Park
48
21
14
10
preferred
700
*9%
24'
24%
20%.
r
28%
109
31
107%
9%
X
* 30%
110
*106%
96%
21%
Cos
Park
2,100
&
Prod
Paramount
4,000
13%
36
20%
30
20%
X
13%
'■
13
/XX
Airways
East Pipe
conv
86 Vz Mar
27
No par
preferred
4%
,X 2,100
33%
4%<
Oil
Petrol
Paraffine
•
.
.
>43%
116%
24%
20%
29%
21 Vz
20%
24
98
•••,'
14
*35
53
21%
X. 500
XX
27%
44,100
:\
49 Va
500
;X
4
••/.;; XX 3,400
10
*115
46
20%
45%
„
23%
116%
44%
*98
EXCHANGE
43%
23
35
116%
52%
-
80
12%
37
Feb. 22
80
43%
%
9%
25
STOCK
*77
80
21
S per share
13
13%
*34
Saturday
13 Va
13
13
lOi/a
*115%
'
13%
1
25% July
-
45 %!
,23%
X.
32%
13
13%
Panhandle
39%
33%
44%
24
39
13%
13%
13 Va
79
13%
Panhandle
17,400
77%
•
3%
39
3,900
X? ,,X
40
XX
37% Feb
3
19%
Dec
Nov
10%
Jan
1
Corp
Corp
Car
American
•••
112
27 Va
49
3%
14%
13%
•X
I.
27%;
48%
3%
45%/
x
:
26%
48%
3%
32%
33%
79
77%
Consol'd
Motor
Pan-Amer
48 Va
*108%
49%
'
X
78
27%
3%
39%
Pan
Teleg
Western
Packard
x,x:
108
*48%
3%
40
14
•
26%
49
3%
39%
Pacific
:
15 Vz
8
112
*108%
Pacific Tin
Jan
Jan
Oct
12%
49
1
8
40% Feb
.
No par
No-par
Telep &
preferred
6%
8%
48
,
*75
112
Pacific
1,500
X
X
31,100
XX v 40,100
7
108
8%
7%
76
*108%
v
27%
48%
108%
*108
7%
76
112
47%
108 %
-7%
79
27
48%
*108
8%
*108%
28'%
x46%
108%
79
112
*14
640
•
24
Feb
Feb
100
Mills
20
19
73
60
Electric
&
18
16
Jan
100
Pacific
X» 3,900
13% Jan
50
non-cum—No par
25
Gas
Lighting Corp
28%
6%
13%
15%
7%
79%
45
28%
7
*14%
48
•'
28
6%
15%
*14
*108
/X 78
27%
'
preferred
Pacific
,X XX
5
10
No par
non-cum
Pacific
:
6%
6%
,
'/
168
6%
preferred
2nd
Inc
Co
3,600
119%
*166
6
13%
8%
3%
119 Va
168
6
6%
48%
49%
X
Fisheries
Coast
900
>
36%
13%
IO81/4
27%
*27'A
*166
6
1st
340
/
62
35%
60
Amer
Pacific
7,100
42%
7Va
8%
*108%
167%
5%
X
?X X/„
69
37%
42
*61%
14%
48%
*79
119%
*166
6Va
*36
42%
6%
108%
•
118%
"H 41%
;
13%
14%
16
X
*14%
X
27%
7%
14%
•
37
6%
7
X
36
?-
167%
6
X> 28%
>•■•*
36
124
*166
V
■■
36 %X
62
X.
•
Pacific
90
Jan
8
27
7
23
Oct
59
Nov
96
68%
12%
200
Dec
Oct
Nov
1207.
•-•"
Vz
Jun
May
92
34%
200
Feb
Feb
141
Jan
„vNov
;
{
Kumber 4573
Volume 165
THE COMMERCIAL & FINANCIAL CHRONICLE
LOW AND HIGH SALE PRICES
Monday
Saturday
'
Tuesday
Wednesday
Feb. 25
I per share
23%
22
23 %
*13
137/e
22 %
17%
17%
CLOSED
'
41%
64%
EXCHANGE
64%
29
100%
'■
109
118
14%
41-
41
62%
,
>■
63%
/ 118%
125
125
125%
114%
27%
/
35%
25
.>5,000
28
It A, 5,600
99%
i-r.-v"
35
24%
118%
117%
125
125
125
136%
136
136
114
114
114
136%
136
113
*112%
59%
x57%
58%
57%
58
58%
23%
21%
22%
22%
23%
22%
32%
109
33%
•22
109
33%
22%
*109
33%
*21%
109%
33%
22%
x109
33%
class
steel
4%%
1
21% Jan
13
No par
15% .Jan
14
_1
123/a7Tan
13
50
38% Jan
.No par
61 y4 Jan
B
Inc
Co
Car
preferred ser A
Procter & Gamble
Publicker
$4.75
Industries
Inc
of
Co
•21%
38
Dec
63%
Feb
53
Oct
71%
Apr
13
32% Jan
2
11
102% Feb
13
38% Jan
2
25% Feb
32
Dec
31
21
Nov
98 3/4
Sep
17%
67
41
30%
Jun
1093/4 Feb
28
103
'Sep
1153/4
Jan
1123/4 Jan
2
119% Jan
31
108
Sep
118% Jan
2
127
Feb
10
-_100
127
Jan
2
139% Feb
4
No par
X113
114% Feb
8
IK3/* Aug
119% Jun
112
Nov
u
Pub Ser El & Gas
pfd $5
Feb
26
13
61% Feb
3'
24% Jan
2
19%
126
(The)
preferred
Purity Bakeries Corp
conv
Quaker State
100
108
150
117%
Feb
69%
Feb
Jan
Jan
28% May
115% Jun
Feb
4
109 y4 Jan
17
107
Oct
31% Jan
No par
Oil Ref
Jan
139% May
47% Sep
13
22%
July
Oct
2
100
preferred
7% preferred
8% preferred
6%
5%
May
105% May
»
Jan
107
No par
51% Jan
1,300
22%
17
11
21% Jan
33%
*21%
Feb
No par
400
33%
Feb
No par
109%
33%
Feb
30
Pure Oil
*108%
*33%
Oct
27%
65% Jan
21% Jan 16
par
25
Oct
11% Nov
100
$5 preferred
'
109
43
28
Sep
Jun
13
Jan
97
•v
20
of N J com ..No
13
3
Feb
33% Jan 28
No par
Colorado
16
22
July
29'A Aug
14 Va
10
18% Feb
26 '•>. Jan
5
preferred
cum
Feb
24
:
Oct
Pullman Inc
•
22%
•21%
Pocahontas
Creek
313/s
Nov
.
7,100
22%
109
Pond
Poor & Co
Oct
12 Va
•
233/4 Feb 15
9,900
59
22%
•108%
;
19
(" 14 Va Jan 28
Pressed
t per share
20%
26
13
100
30
59
23%
13
5
12 Va Feb
490
59%
24% Feb
Highest
$ per share
21% Jan
57Q
23%
18% Jan 13
sha+e
5
Pub Serv Corp
; ■;
f per
Lowest
8
d - 500
-
$ per share
1
Year 1946
4
Highest
,
Plough Inc
8,800 ;
118
Range Since January 1
Lowest
(The)
Public Service
24%
109%
125
Co
2,000
109 %
Range for Previous
STOCK
Plymouth Oil Co
150
;■
YORK
.ytPar
/.•;
Plttston
200
63%
99%
100%
43%
109%
125%
X113
200
63
59
•
:
1,800
11,000
t
14%
^lie'iv/
118
136
17%
109
108% 109
-
23%
14%
35
100
>24%
500
1,600
*17
28%
24%
12%
22%
'
•40%
28
35%
rV.V'i 1,400
•22%
*
63%
35%
118
136%
23%
43
X24%
/•
*22
NEW
EXCHANGE
Shares-
22
12%
22%
62%
35%
25%
13
*41
28%
xl00% 100%/
109 iK.
•113%
22
171/4
14%
136%
■
137%
114%
•113%
16%
14%
36
108%
>
125
136%
161/4
100%
24%
118%
'<124%
*22%
16%
•13%
X28
35%
109
21%
64%
100
25%
•117%
*12%
21%
<
28%
36
24%
121/4
22%
15%
43 ;'v
63%
100%;
■*: 36
22%
17%
*41
29%
L
22
-
the Week
I per share
21%
14%
15%
t per share
22%
12%
Feb. 28
22%
-
23%
16%
15y8
'
22%
*22%
41%
>
13
22
23%
22
Sales for
Friday
.
Feb. 27
tper share
231/g
13 ;
23
*22 %
STOCK
\
Thursday
Feb. 26
$ per share
I per share
STOCKS
'
1
Feb. 24
Feb. 22
1205>
16
36% Feb
4
30
Sep
38%
19%
Feb
253/4 Aug
Corp——10
"
22ya Feb 21
23% Jan 27
Feb
R
n 9%
9%
9%
78%
78
%
78%
78'%
14%
15%
; v vi4%
14%
9%
93/8
■9%
-9%
•
78%
77%
78
14%
14%
14%
14%
'
104 %
105
104%
78
;
-
1043/4
105
105
38%
38%
38%
39
x37%
23 V*
233/8
22%
23
21%
37 Va
37%
37
37%
203/4
20%
21%
•41
42
•37
39
16%
•37
16%
13%
•106
•106
110%
15%
102
101
29
•28
•28%
•16%
16%
80
373/4
29
42
•37
27%
*16%
700
1,800
16%
*78
35%
*16%
*78%
4,800
;
*100
104
*100
29
27
28
28
82
*78%
36
105
*100
28%
*28%
8%
8%
"r
29
8%
8%
8%
8%
8%
7%
8
7%
7%
15%
15%
14%
15%
•14%
14%
14%
15
14%
293/4
30%
28%
293/4
29
28%
293/8
28% •29%
112%
1123/4
•112ya
113%
•112%
113%
•112%
114%
21%
22%
21%
213/4
21%
8%
;
7%
-
;•
8%
107
106%
28
107
*107 */ 108
107%
73/4
*?' 7%
8
*111%
Re Is
Reliance
35%
35
35%
115%
107
114
15
41%
42
343/8
34%
34
•114
35%
117
15
•106
Reo
41%
49%
14%
114%
114%-
42
-14%
343/4
V"34%
•
115
;• .A;
41%
413/4
413/8
41%
40%
41%
493/4
■•♦48%
493/4
*48 Va
493/4
270
*102%
103%
*102%
103%
•102%
103 %
3%%
«:■
•102%
•102%
103%
23%
15%
103%
23%
24
23%
X16
16 3/8
♦29
30
9%
9%
22%
223/4
55
55
253/4
26
22
^ 55
55
•
25%
25%
;
with
28%
v
23%
25%
"
Vfa
Richfield
♦54%
26%
25%
Feb. U
Feb. 25
Feb. 26
I per share
I per share
I per share
Feb. 22
$ per share
52%
50%
& per share.,
51
51V*:
30%
29%
30%
22%
22%
22%
23%
113%
113%
113%
113%
10%
10%
46
10%
10%
10%
10% v
10 y«
44%
42%
44 V
43%
44%
46
46
'46
45
45
44%
44%
100
*100
9
8%
■
•45%;:
•100
CLOSED
100
100%
•
22%
*113% 134%
22%
23%
14,500 r
*99%
16%
16%
*8%
8
9%
38
15%
15%
15
15
•14%
•
: 14%
15%
14%
14%
*107
'
;
80
16%
1,600
98%
*96 y4
98%
213/4
*24%
25
21
*49y4
25
8%
37%
38
14y8
15%
14%
14%
,
14%
/
\
991%
53%
•$08
1,100
1003/a
21%
108
46
16%
*49%
14%
14 Va
*107
108
44%
99%
15
14%;,
14%
3,500
18,700
♦99%
8%
14%
14% ;j::
14%
44%
16%
37%
37
10%
99% '
25
*7%
8% A
38%
14%
108
♦107
V ti
37%
37%
40
43 %
21%
X24%
25%
25
*96%
98%
i> 50
114%
10%
50%
20%
22%
50% -51
>26%
•26
*96%
98%
21%
♦114
100
100
99%
16%
*95
8%t
114
*99 Ve
23%
20,500:
22%.
16 %
52%
125%
Jan
26 Va
Dec
45 Va
Apr
3
14%
Nov
74
Dec
Jan
2
102
100
31% Feb
7
7% Jan 13
7
Dec
6y2 Jan
13
13
15% Feb
4
13%
Oct
25Va Jan
16
30% Feb 21
24%
Oct
100
lloy2 Jan
3
107%
Oct
118
No par
20% Jan
13
18
Sep
104
Jan
x32y2 Jan
3
1123/4 Feb 24
243/4 Feb 10
109
Feb
3
97
Sep
24%
Sep
*
100No par
100
114
1
B
3
13
39
Jan
2
26
Feb
124
Jan
28
105 Va
16% Feb
7
28
44% Feb
4
36 y4
1
3
43
Feb
6
100
3
19
25%
16%
31
9%
24%
16-
Jan
7% Jan
14
26
13
523/4 Jan
23y4Jan
•
16
>
*15
500
153%
32,300
3,200
14%
14y4
14%
500
1,000
8%
37%
*14%
108
108
13,400
V
25%
*7%
■:
Joseph. Lead.
-10
Ry CoStppm vtft—No par
5.%'
100
.
700
9,200
IW2
108
S;;v
>'*
20% May
44
6%
Oct
Oct
30%
Sep
65
21%
Oct
5%
34%
-
...No par
Seaboard
Oil
Inc
Sep
14
11
114
Co
8
Nov
18
2
53!
Nov
100
Aug
7
42.
Oct
61
July
*
100
4
;
k
13
18 Va Jan
*
> 110%
Dec
953/i
99% Feb
Jan
Jun
102% Nov
Dec
20
95% Feb
11% Jan
108
Jan
37%
42,
Sep
77%
Feb
7
23
Oct
39%
Apr
Nov
17 Va
Feb
i 49%
Apr
-
Jan
2
35 y4
Nov
leys Feb
8
10 Va
Nov
11
13 Va
Nov
16% Feb
•
16
6
6V4
3
7
39
2
Jan
;
Sep
15
Feb
16% Feb
2
; 14
17%
Feb
10% Feb
'*•
36
1
13
55
27
16
13% Jan
19
24% Feb
:
13
No.par
common
93/4
3
35% Jan
"
Mar
11% Feb
25
7% Jan
.
Dec
116
49% Jan
100% Jan
15
•
Dec
55% Jan
;
• 7,
24% Jan
No par
preferred
110 3/4
4
No par
1
$4.50
34% May
19
5
Servel
Nov
Feb
<
16
Seiberling
40
22.
13
Seeger Refrigerator Co
Rubber
2
Id
9
95% Feb
Co
&
Jaif
33
Jan
43% Jan
v
5
Roebuck
12%
Dec
23% Feb
16% Jan
Seagrave Corp
Sears
Dec
16
100
of Del
Co
11%
30 Va
16% Feb
100
A
May
%
96 V4 Jan
No par
series
64
2
9% Jan
5
Highest
$ per share
Sep
Jait
12%
32 y4
44% Jan 22
.198% Jan 25
pfd-100 d
pfd
cum
Jan
55% Jan
t
16
16
.
No par
cum
(The)_
45
40% Jan
•
'
$ per share
7'/a Jan
112
1.75
Corp
Seaboard Air Line vtc
preferred
Jun
May
Year 1946
Lowest
,
21% Jan
100
5
■
5%
Apr
Feb
13%
17
24% Jan
5
—
Co
Jun
Oct
40%
$ per share
15
48 % Jan
—
—
Co. 3.65%
38
Dec
Oct
Feb 28
Highest
v
$ per share
.
Pfd series A
Scranton Elec
Jun
50% July
108% Feb
Range for Previous
St L-San F
Scovill Mfg
Feb
46%
'
25
Range Since January 1
Lowest
Par
3.35%
21%
51%
37%
8%
240
Jan
Jan
28%
12%
Feb 10
Feb
3
*60
29
Apr
Feb
3
Jan
6
26% Feb 21
3
2iy4 Jan
STOCK
preferred
Savage Arms Corp
Schenley Distillers
Scott Paper
Co—
$3.40 cum pfd
Feb
45%
Nov
Feb
104
13
13% Jan
No par
Feb
136
Feb
50
2iya Jan
;
Feb
40%
Sep
Feb
x47y8Jan 22
101
Jan 20
100
Apr
17%
21%
Nov
16
40% Feb
10
24%
1
Sep
12%
12% Jan
5
Safeway Stores
~
31% May
110% Jan
;
EXCHANGE
St
Apr
12y2 Jan
series
YORK
Jun
34% July
Nov
7
May
50 Va
Oct
7%
Oct
105%
Oct
20
k
Feb
27% May
101
32 Va Mar
24% Jan 13
10
(The)
NEW
11,600
99%
22%
--2,4001
9%:
29%,
16%
•51%
9 %'
50%.
29:
*99%
98%
♦94%
Sep
20
50c
Shdteed
3Qyfe
114
100% ;:
v
Sales for
the Week
' 9
29%,
17%
17
76%
Feb
Ruppert, Jacob
22 %.
/,
,
1
99%
♦99%
>
■
30
22
'
45
9
28%
9%
.
16%
101
800
share
50%.
10%
43%
STOCK
EXCHANGE
S per
51%*
51%
•
112%
Dec
8
26
Feb. 28
:
9%
31%
9%
Sep
k
18
Ruberold
Friday
Feb. 27
52%
52%
>
Nov
99
•;/12%
1
STOCKS v
Thursday
Wednesday
Tuesday
Apr
15
8
11
9% Jan
8% Feb
Co.
LOW AND HIGH SALE PRICES
Monday
Safturday
31
-
Jan
84y4Feb
Oil
Co
Jan
40% Feb
600
11,300
r
46%
2
55%
55%
9%
Oct
16
900
9%
22%
36%
Jan
23
93/8
8
Jan
Corp
No par
Ritter Company
No par
Roan Antelope Copper Mines
Royal Typewriter
1
200
Feb
Jun
Jan
33
No par
3.60%
Mfg
33%
53 V2
76
10
Preferred
Rheem
Sep
Sep
1
Common
:
39
40
1
conv
2,400
28%
223/4
*22
"/.•
16
Nov
16%
18
25
warrants
conv
2,500
22%
15%
*25%
I
55
25%
29
9%
9%
21%
*53 Va
22%
15%
54%
9%
:
-
130
21%
9%
8%
22
1
15%
•28
22%
15%
29
23
-
15%
30
•28%
'
thd 23
16%
32%
10
1
preferred
Reynolds Spring
Reynolds (R J) Tob class
12,500
Apr
Feb
Feb
100
'
*
14
-
May
1123/4 Feb 28
29 % Feb 13
17% Feb
8
16
15% Jan
33
16 V4 Feb
2
series
49%
Sep
105
8
Jan
Dec
17 Va
18% Feb
Jan 24
25
Feb
32
2
38
13
Manufacturing Co ..No par
pfd
5%%
700
'•'•;•> ;
21
Jan
112%
10
38% Feb
36% Jan
87
Jan
Apr
44yaJan
3
Jan
19
96% Mar
28 V»
,
100% Dec
Feb 24
21%
Feb
12% Jan
Nov
Feb
41
19% Jan 13
42
7
25y4Jan
3
No par
Corp
prior pfd ser A
Revere Coper & Brass
5y4% preferred
,
Reynolds" Metals Co
2,200
A
14%
21
100
Motors, Inc
6%
90
•
115%
•14%
*48%
49%
*48%
14%
3
1st pfd
Republic Steel Corp
6,500
34%
115
rl4%
14%
35% Jan
Republic Aviation Corp
Republic Pictures
$1 conv preferred
'
14%
25
Co
Stores
Conv
200
107
13
Remington-Rand
57,200
'
•48%
&
105
3
Jan
Inc
(Robt)
Reliable
'
•115
Bros
Preferred
-
Jan
34% Jan
15
1,300
22%
22
103
?
■
113 y2
21%
-
(;v;
143/4
100
103/4Feb
13
No par
1
105
10,300
11,600
'
:
pfd
5
1,200
8%
Oct
100
4,100
104
Dec
15%
50c
20
363/4
76%
2
Real Silk Hosiery
Preferred
500
16 V*
16%
82
36%
7%
106%
non-cum
300
•>
4
153/4 Jan
Reeves
60
26%
80% Feb
12% Jan
50
1st preferred
50
2nd preferred—50
non-cum
4%
300
;;
1123/4
26%
16%
36
36%
104
28%
23
Co 33/4%
Manhattan
4%
100
143/8
83/a
223/4
Purina
9
8% Jan 13
75ya Jan 16"
•
1
Rayonler Inc
$2 preferred
Reading Company
A'""
173/8
103
27
82
16%
16%
37%
•100
.
Raybestos
108%
14%
103
IV
38
*107
14%
26
Ralston
'
38%
38
*98%
Radlo-Keith-Orpheum
280
8,900
20%
♦413/a
Xl4%
102
27%
*37%
20%
42
17%
♦107%' 110
17%
14%
•97
37%
20%
*16
110%
No par
1st preferred—No par
conv
T
37%
38
Corp of Amer—
$3.50
400
\
22%
20%
*413/8
14%
82
36%
29
37
21%
Radio
'
•78
103%
105
•36%
22
38
*16
■283/4
104%
38
20%
*106%
;
101
16%
80
37%
♦100
15
28,400
1,900
17,300
14%
105
21%
42
♦37
110%
14%
15%
102
38%
16%
14%
-I
/
78%
105
37%
20%
*41%
77%
*36
37%
22
37%
20%
42
•41%
;
9%v'
9%
1
>
110
Jan
25
Jan
36
12%
105
Jan
233/4 May
.
22% July
24%
Oct
Jan
1133/4 May
Dec
'
23%
23%
"23
35%
34
29%
28%
29
29 %
•81%
87
21
:
i
•20%
{
22%
22%
22%
23
32%
34
32=Ya
33%
28%;
27%
28%
28
>*80
22
.
1
87
20%
•80
87
20%
•80
81%
20%
81%
20%
,.
33%
28 %
>
35%
;<
23%
32%
23%
34
X20%
20%
>
5,500
Shamrock
3,300
Sharpe
&
84
100
$3.50
20%
/ 1,200
20
19%
19%
28%
£9%
28%
29
8%
8%
6%
39%
51
>
51
8%
6
-
283/a
29
*18%
20
-'•?
28%
28%
8%
8%
8%
8%
6ya
6
6%
6%
6%
38%
<38/8
38%
52
•50
52
39%
X37%
*49%
38
39
52
39
*50
>
19%
8%
8%
6%
5%
6%
39%
•
19%
29
29
8%
19%
19%
51%
•50
15%
15%
15%
15%
15%
15%
15%
153/4
15%
15%
70
69 Ve
68%
68 y2
69
69
69
69
20%
20%
69 Va
20
'> i
•22%
22%
22%
*22%
19
♦22%
18%
19
18 </a
18%
18%
18%
22%
22%
22%
*22%
900
22%
53
Shell
7,100
,v
1,300
Slmonds
Saw
Sinclair
Oil
$1.20
;
*52%
35%
35%
35%
*35%
35%
1,600
*99%
99%
99%
99%
9£%
99%
310
600
>.
19
77 ;
Jan
-
19
Jan
13
213/4 Feb
18
17%
Sep
18
Feb
5
Feb
3 %. %
cum
1—
No
Iron
31%
321/4
32%
14%
14%
14%
14%
14%
14%
14%
143/8
14%
14%
33,000
Socony Vacuum
Oil
4%
4%
4%
4%
4%
4%
4%
43/4
4%
4%
4,700
South
&
5,000
Co
7%
54%
A,
20%
20%
>
51%
51
51
7%
7%
*53%
543/4
21%
20%
52
•162
52%
;
51%
161%
163
.
162
34%
33%
27
26%
26%
45%
46
43%
45%
♦161
33%
46
73
*78
20%
■
46%
73%
72%
*78
83
20%
6%
42%
6%
20
6%
44 VA
43%
73%
*69%
83
20%
6%
*89%
53%
53%
1207.
-
.71 %
*12% >13%
page
26%
42%
70
13%
see
x26%
x423/a
97
53%
*78
19%
6 %
83
19%
6%
*78
19%
6%
12%
*12%
*89%
97
*89%
52%
53
52%
12%
433/a
1,300
40
Southern
263/4
2,100
1,900
71
'
20
6% ;
13%
97
52%
■V
42%
28,100
10,100
1,100
Southern
43
43%
703/4
•78
20
5%
83
20
Southern
Mobile
1,400
6%
3,200
*12%
13%
100
*89%
97
6%
52%
52%
Spalding
&
stk
33
Nov
56%
38%
Jan
61
Feb
Jun
May
15
Oct
20%
Jan
54
Jan
85%
Jun
13
14
Sep
27%
Feb
6 ' •> 233/4 Jan 29
48
Jan 14 : \ 58
Feb
7
39
Jan 23
35% Feb 26/
101 y4 Jan
7
99
Feb
4
21
Sep
24%
Apr
42
Oct
91
Jan
16
,
.
20% Feb
2
Jan;
22% Jan
,
/
Dec
108
July
29%
Sep
48
May
15 Va Jan
7
13%
Oct
18%
5y4 Feb
8
43/8
Sep
8% May
Nov
Nov
35% Jan
14% Feb 26
%Va Jan
55%,May
35% Nov
99
6
31% Feb 27
3
7% Feb
9
7Va
Dec
9
Feb 21
52 y4
Dec
53
7
56
Jan 18
170% Jan
9
20 3/4
Dec
22%
48 y2
Sep
59%
8% Jan
17
24
14
54
223/4 Jan
160
Feb
15
32
Jan
30
34 % Jan
Feb, 26
193
Jun
Dec
Feb
May
167
Dec
30
Sep
39% July
tr
24% Jan
8
S 28% Feb
22 y2
Jan
33% May
7.50
38 V*
Oct
Jun
16
47% Feb
70
39% Jan
16
50 y2 Jan
Sep
Jun
40% Jan
33
65
No par
64 y4
Oct
90%
Jun
16
77
77% Jan 21
73
Oct
96
Feb
20% Feb
16% Nov
30%
Apr
100
100
77
1
ctfs
68% Jan
18
'
Jan 22
-
& Bros Inc
Sparks Withington
Spear & Co
$5.50 preferred
Jan
*_No par
5V4 Jan
3
13
Feb
7% Feb
1
Spencer Kellogg M Sons^
■
11% Jan
2
14% Jan
No par
-
1,500
14%
No par
Co
preferred
Ohio
IA G)
17 y4 July
Oct
7
x_100
Railway
non-cum
Dec
5%
8
20 Va Jan
25
Jun
8
72% Jan
51
Edison__.
43%
273/4 Feb
16% Jan
No par
Southern Natural Gas Co
Pacific
,91% May
263/4 Apr
16 '
67% Jan
51% Jan
Greyhound Lines—_5
California
■»
16
30"
7.50
South Porto Rico Sugar
8% preferred
693/4
44%
83
513/4
34
Feb
39% May
Xl5% Jan 13 /
20
preferred
164
Jan
Jan
-50
Southeastern
333/4
34
46
:
par'
1
200
42%
26%
43%
26%
.
7
Feb 21
15
2,000
26%
33%
Jan
51
Inc
Co
203/4
5%
41
Platinum
53%
*161%
164
333/4
43
97
53%
*161%
33 ■%
8
Gold
Bl%
:
8
TypewriterJVo par
20%
51%
46
89%
*12%
-
20%
Corona
53
543/4
20%
51
i 164
333/4
333/4
*26%
-
7%
7%
*53%
17
6 3/4 Feb
100
South Carolina E & G Co
7%
7%
*53%
21
7%
54%
6
9% Feb
16
10
31%
7%
30% Jan
16
20
Corp
Sons Carpet
preferred
323A
21
14
7% Jan
No par
*31%
Am
28% Feb
15
&
22
/ 5% Jan
No par
32%
*53%
/
No par
Steel
32
&
;
5
Mines
32%
Smith
.
16
1
America
Steel
Apr
10
..No par
No par
32%
For footnotes
16
Feb
Jan
Co
preferred :
&
54%
35 Va
99%
&
Sloss-Sheffleld
O)
*52%
36 Va
*99 Va
79% Jan
82
Corp
(A
54%
36'/a
99 %
^
Skelly Oil Co
(A)
53
36%
*98
Jan
15 fc
of
Corp
Smith
56%
•36
Oct
23
Oil
Union
Smith
•54
Pen
Silver King Coalition
Simmons Co
30
54
*
A)
400
53
23 V*
6
21% Jan 13
1
Sheraton
100
18
33% Jan
New
3,300
6,500
6,000
pref ser A
G)
(Frank
(W
7,000
'
*■-
'
69
■
700
Oct'
Feb
27% Feb 27
Dohme
conv
Shattuck
17%
29
No par
1
Corp
32%
40%
2
No par
Gas
&
Steel
28
20%
Sharon
Sheaffer
♦19%
Oil
12,300
93% Jan
13
93% Jan
No par
47
Jan
14
55% Jan
lunitnt't.'
4
8
7
13
;
13% Jftn
5y2
Oct
11 y4
Nov
Sep
27
May
104
July
Sep
56
Dec
92
37
Monday, March 3, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
,1206
YORK STOCK RECORD
' /
STOCKS
LOW AND HIGH SALE PRICES
'
•
;
;
Feb.
Feb. 82 "
23%; 23%
23 Va
,22%
23%
15%
14%
15%
23%
15%
16'A
;
86'/a
■
♦
.
112
■'
33%
113
"
122
120
54%
40%
39%
40%
67
65V4
67
27% i
26% '• 27 Va
1
■'
27%
*
103 Va
'
104%
16%
16
•39
41
17%
17 Vi
•
18%
54%
40%
40
65'A
65%
26V2
26%
103%
103%
*41
17
18%
17%
5,200
21 Vi
2,400
15%
14%
3,700
28,400
7,800
108%
50
20%
20%
20%
21
21::
15%
21
21
21
21
15%
15%
153/a
15%
15%
23%
21%
22%
223/a
22%
22Vi
14%
v": 14%
22%
23%
14%
5%
•73%
9%
11%
12
22%
112%'
110
109%
21
45
45%
*15%
45%
36'/a
*
27 Va
12%
13V8
22%
22%
109
27 Va
28
9%
45V2
15V4
6'%
16'/4
*
13
13%
16%
35 3/4
353%
24%
24Va
'v 8 3/4 I
'
163/4
V
6%
16%
58%
59%
593/8:
133/4
13%
53 Va
.533/4
>
193/a
26%
...
193/4
193%;:.
58
58
-
171%
131/4
16%
13V4
58'A
♦15%
55%
♦105
12%
20
16%
X53
106
19
36,j
108'%
507/a
14
14
20'%
21%
X 19%
20%
18'/4
17%
17%
-
7'/4
r".
*
•//,:
14
63/4
37:
18%
183/4
.
107
19%
19%
49
50
50
133/4
13%
13%
13%
13%
19%
20%
21
20 »/4
17 Va
'
'
'
*17%
V.:"
73%
7Vi
;
♦1111/4
113
*1113/4
7
113
*
17
*16i/a
7:
:
36
•'45
20%
35%
37
45
20%
r,
36'%
35%
"
-"5,700
17'/a
•
7."
111.3/4
19 %..:••
*19
35%
;
35%
35
:
3,800
21
♦110
19%
;
6%;,
V-
111%
19%
101/4
34%
7
*110
m y4
Xl9
•
Va"1
18'A
6%
73/8
•
1111/4
M
*17 Va
-
•
20%
203/4
50%
193/4
49%
16,200
!>
-
20
.
2,300
r
35%
14,800
1
45
i:
preferred
$6
Truax-Traer
1
>
Sep
53%
16 Va
Oct
263/4 Aug
2
41%
Jan
63
1
I
28
24 Vi Jan
4
20%
Dec
104
'
13
Feb
17
25 Va Feb
16
♦102%
*102%
103'%
14%
•14
50
102%
V 14:/":,-.
48
115
*42'%
.
103%
14
,r..
50
15
46
t
*46'%
49
14%* .14%:// ,]/; 133/4
;•
45
X102%
*14 3/4
15
50
14%
143%
*48
(
500
15% Feb
3
12%
Nov
107% Jan
17
103%
Sep
7', % Feb
1
61%
Sep
78%
Jun
Apr
124 Va
Aug
; 122
10
117
.Feb 15
45 Va Jan
2
42%
Sep
14
May
56% Aug
13Va Feb
28
103/8
Oct
24
16
93/4 Feb
11
•
37% Ja,n
28
2
,.28% Feb
14
104
16
\
2,600
Twin
Coach
LOW AND HIGH SALE PRICES
Monday
Saturday
Tuesday
.
'
Feb. 26
Feb. 25
Sper share
$ per share
S per share
54%
54%
54
$ per share
55
14%
14%
113
100 V»
Va
108
100
100
I
CLOSED,
131%
36%
„
19%
19
32%
97%
98V4
7
113%
113%
113%
*102
22 Va
21%
129%
110%
126%
V 110
36%
36 Va
*36 Va
18%
Feb
17
14
13
13%
1,500
>
-11,200
-•
7% Jan
9.
13
17% Feb
*102
-
*Jan
22
13
Jan
16
13
60 y8 Feb
>
21%
;>
128 Va
XI26
111
*109
:
21%
*125
126%
Ill
-
*35%
36 Va
21%
22
~
Jan
Sep
603/4
211
Oct
32%
20 V8 Feb
21,
143/a
Oct
583/4 Feb
■
14
3
18
35
Sep
Union
Pacific
2,000
>
109'/4
36%
36^4
1,100
-
4%
•
RR
:
13 3/4
Sep
47
Sep
;
61'/2 July
Sep
'-■3
30'A May
17%
106
1* ■ 3
X 32
-18
18%
106%
22%
22%
17%
18%
-
106%
106
22
23%
23%
.
9,600 4
600
183/4
107
107
22%
16,500
23
267,900
%
5%
conv
United
!
Air
'
•
13% Feb
5 /
13
10
15
48
:•/ Oct
9'/a
14% Feb f" 5
21% Feb 21
16
Dec
11
30
20
16
7V4 Feb
3
14
39% Feu
1
8
6'/s'Jan
Jan
34
:
-18 3/fe Jan
-
693/s
Jun
Jun
137/a
Jan
68
Jan
24 y8
Apr
Oct
32
17'% Nov
203/4 Jan
6
2
1083/2 Feb
24
99i%
Nov
4
16 Va
Oct
38'%
Oct
_
3
213% Feb
51% Feb
13.
7
108'/4 Jan
,3
112% Feb
20
Jan
13
21'A Feb
20
!V>
■
Jan
V 217/a May
»
13
6
373/a
48
Jan
6
4 46 '/a
Nov
103
Feb
19
102'%
637/a May
Oct
16
% Feb 27
Jan
22% May
Sep
16
Feb
Mar
114
Sep
:
39
Dec
383/4 Jan
"Jan
71
12%
303% Jan
Jan
Jun
66'/i
33%
xl02
79
May
106'%
Jan
"
;12%
par
Jan
'Feb
16
16
11
11%
Oct
>
24
Apr
Apr
"
Jan
2
51'% Feb
18
433%
Dec
71%
12% Jan
15
153% Jan
29
11 »/a
Nov
26'/a Jan
45
50
:
-
Range for Previous
Year 1946
Range Since January I
.
" Lowest V
' i per share
/
■
52% Jan
13'% Feb
16
15
29
13
14
,_5
,
No par
25
.
'« 21
Jan
•
58% Feb
12
Nov
17
23
Jan
39
May
*88
Sep
125
J Apr
4
111
Jun
13
106
Feb
111
Oct
16
96
Dec
107%
Jun
7
' Feb
15
May
10
110
Oct
168%
-Feb
26
102'%
Oct
1201/4 Mar
10
: Feb
8
„
20
108
16
1/4 Feb
29
20% Nov
;
383/4 Feb
137
13
_______
Jan
Feb
22% Jan
3
16
Jan
115'%
Apr
Feb
111
21
23%
114
16
103'% Jan
25
105
'
;
share
803/4 May
Sep
101 % Jan
/
t/H'/a Jan 13 '
5
49
7
Highest
$ per
share
24
I
100
$ per
34i% Feb
153/4 Jan
125% Jan 16
>_10
t
100'/4 Feb
>
105
Jan
35'% Jan
100
No par
Lowest
f per share
27
25% Jan
89'/4'Jan
xll2'/4 Jan
105:
Feb
99 Ve Feb
.
-
Highest
•
.3
I.—No par
L——
26'%
Oct
5%
105
•>
Feb
112
i'Dec
par
;
Rights
.
par
No par
21% May
51% Oct
7 3/« Feb
InCi.__
>
1123/4
16
preferred
-'.183/4 Nov
.•
Oct
63/4 Jan
',17»/2
Feb
Jun
38% Oct
102
13
183/4 Jan
1023/4 Jan
;
•
13
Jan
r
Feb
17%
70
; 201/2
Oct
:,.14'/4 Oct
163/4 Feb
59 % Jan
1051/2- Feb
4
:
513/2 Jan
Co^____"'__7.__100 ^
Lines
:
Sep
601/4 Feb
:
>
.
„_1
United Aircraft Corp
'■
15
'
-15 % Feb
103
Sep
18.-
17% Feb 13;':
;
14
-
18
•
May
13
14
Car
Jun
65
211/2 Feb
3
preferred.:
non-cum
Union Tank
400
Jun
26% May
: .
591% Feb
:
3
,16,; Feb
Par
July
461/2
19% Feb
Co
18
9 3/2 Mar
17
15
■:
Jun
681/4 Aug
,
21
15% Jan
<
Jan
25%
'
27
Oct
California..
of
Feb
Dec
f
13
Sep
52
18
Jan
,191/4 May
Dec
535/a Feb
.
,
13
141/a Jan
seriesJ_—No par '
$3.50
Oil
Jan
6'A
14%
18 3/4
series—1
$3.70
Union
113/4
v
13'/a
/
-
167/s
7% Nov
6
."
109% Aug
Nov
14% Feb
56 3/4 Jan
__1
:
Preferred
-
4.900
-
126 »/4
-
109V4
36%
~50
•
Feb
Dec
'
STOCKS'
Preferred
99%
Jan
41
May
28% Feb
:
153/4 Jan is
Un El Co of Mo pfd $4.50 ser No par
150
108
*993/4
36 V4
7'
10'/a Jan
•Union Bag & Paper __i
'.—.No par
Union-Carbide & Carb—_J__No par
i
7,200
Feb
Nov
Nov
/
27
21% Jan
?
18%
106
21 Va
-
108
>•
V.* 99%. 100%
21%
24
114
♦102
108
100%
106:
%
*113%
13%
41 Va
:
Feb
41
NEW YORK STOCK
1
h
Sep
3
Underwood Corp
Union Asbestos Ruber
"
108 r
*99%
"
%
323/4
97%
100%
;•
107
23 !
32 7/a
127
110
•106%
13%
32%
«.
Aug
101
10% Feb
.
v
153% Jan
EXCHANGE
-1,900 4
54%
13%
.
*21%
131'/a
*
36%
54%
97%
14
*99%
22 Va
.'
55%
32
109
217/a
110
EXCHANGE
55%
V
97%
31%
V X96
114
*113%
*102 'J
U3 Va
*102
STOCK
Va'
:
i
Sfiares
%
14
14%
32%
97%' 100%
<
55
share]
I per shahre
113%
14%
32
32% : 32 7/a
99 %
55%
$ per
the Week
21
;38
22% Jan
Co
'.
*
Sales for
Feb. 28
Feb. 27
Feb. 24
Feb. 22
>
•
Friday,
Thursday
Wednesday
.
Sep
13
Jan
2
Jan
Apr
13 %
19%
6
27 Vi Jan
,
55 Vi
253/4
Jan
27
Jan
23
Jan
31
r
.
16
Oct
Nov
19 %
7
10
16
Apr
353A May
160
102
24 Va Feb
V
16
22%
102 Vi
173/4 Oct
46% Feb
Jan 16
16
73/0 Oct
;
26% Feb 17
,114" Feb 10
13
Jan
17
16
Cqrp
May
26
15
—
May
110
21
17»/2 Jan
preferred
No
prior pfd
No
Twin City Rapid Transit-u—No
5% conv prior pfd,
24 V4
_
Jan
50
l.u—L—No par
$4.50
Apr
3
No par
Corp
Feb
,
18
13% Jan
$1.50
140
•
15%
14%
V
?
38 % July
5
.
20th. Cen Fox Film
V
200
V
.
50
14%
100
103%
♦101%
14%
*48
49
*43
:
102%
14%
14
14
"..
*43
46
102 3%
23
233/4
Oct
13
"
*43
Jan
Oct
18 Va
21
11
__2
1
Aug
V26;
63/a May
39:
393/4 May
"14%
3
3'
213/4 Jan
13
May
^%
..
2
;■ Tri-Contlnental Corp
,
37
2
Jan
St'l—__No par
Williams
&
Jun
10
Jan
Jan
433/4 Jan
j.*
Transcont'l & West Air Inc
Transue
Jun
No par
Bearing
tTransamerica
Corp
400
Feb
56
Feb
6
—5
Timken Roller
5,300
•-
7
153/2 Jan
No par
Axle
July
25
11
Feb
30
Oct
11
Oct
Jan
10
Oil
preferred
Detroit
783/4 May
108%
Oct
Jan
,i_Nopar
Associated
Water
$3.75
"*.
Dec
.37% Nov
29
Feb
4
Tide
Nov
49
163/4 Jan
Tlmken
61%
59% Aug
493A May
18
2
340
Apr
Feb
*
103/4 Jan
4,900
19%
19%
Apr
149 %
100%
»43
11% Jan
$3.&0 cum preferred
135%
Feb
37 :
49
553% Jan
,
Oct
\Ctet
42 Va
r
20% Mar
17% Feb
_1
5,300
107
106%
-
.
v
70
;78
;
28
Jan
Dec
603/8 May
13 Va
jJan
56
Oct
>20%
9
Jan
105
!50
600
;:;v
18%
18%
18%
107
37
1,900
V
May
Apr
99V4
...»
102%
Jan
7V2
.
6%
55
98.% Dec
7
22%
Thompson Products cqm
No par
4%
preferred
;
,_^____100
Thompson-Starrett Co__
—No par
4,
A'
106
37
.
100
Nov
245/a
29
Jan
Thomas
700
•:
Mar
7
70% Jan
Third Avenue Transit Corp .No par
Steel Co
(The)—
,_1
Thompson (J R)'
25
;
May
116
Jan
34
100
preferred-^
Feb
29
113/4 Jan
common
55
Oct
j<
is
Jan V 2
Mfg Co__—
;_5
pfjd .—.—No par
conv
Feb
19% Feb
14%
No par
div
$2'/a
Sep
Jan
77/s
40
11 Va
19%
101%
20
..
15y8
33%
107%
;-Feb*19
Feb 10>
42
4
Feb
14% Jan
18% Jan
13V4Jan
107
Feb
70% Jan
118 , Jan
43
Apr
13
20
Glass
conv
Thermoid' Co
■
3,400
;
20VaJan
,
The Fair
6,100
-
.
54%
.,
; .48 3%.
133%
49% -50%,,,
13%
V
19%
20%
50'%
.
6%
107 Va
191/4
20%
r
106%
6%
*35%
V
16% 'f
*16
16%
300
150
<
21%
12'/4
21
>■
$2.40
3,000
~
13 V4
•
543%
*105 Ve
36
183/4
201/4
20
54
6%
107
107
107
21
♦1053/B
106
Vi
..353%
,
19
187/a
19 V8
108
6
3/4
53%
53%
*104
6%'
36.;
_
13%
•16
16'%
16 3/4
54
r
V
'■**"■
58
*57
57 V,
"
13%
13V4
133/8
133/4
57
12%
6'%
r:i
37
""
133%
58
Thatcher
270
«
(James)
Texas & Pacific Ry Co____
y
3,000
/
•
17%
.*16%
16 '/a
V- 16%
20%
63%
37
r
v
12'%
*105
106
6%
193/4
58 »/2
20%
•
~
19 Va
123/4
.
2,400
-
*57%
21%
;
53
18%
-
54
53
3,800
10,900
■
57%
v<
*16
19 Va
18%
,17
/
■
2,200
573%
12
213/4*/
■y
16%
*53 Vi
27%
,•
2,500
^
"
13 Va
*57
8,900
•>
28
18%
V
53 3%
52
54%
19
20
•/'
13'%
;
i
I6V2 Jan
Jan
Apr
109 Vi
'
102% Feb
Telautograph Corp
__5v
Tennessee Corp
Texas Co (The) 1
—25
Texas Gulf Producing
_1
Texas Gulf
Sulphur_______aNo par
Texas Pacific Coal & Oili
:i0
Texas Pacific Land Trust
.'_1
'
'
573%
*16%
583/4
V:
18'%, •18%
13 3%
59%
123/4
271/4
26%
52
.
163/4'
131/4
21'%
52%
183/4
18%
59%
♦161/2
12%
52
26»%
/
57%"
19%
57%'
57%
12%
53%
•
18
t; /
567/8
.18%
■
V
123/4
53
26'/4
19%
55'%
57
56%
191/2
12%;
12%
28'%
18%
2 8 3/8
28
-2,600
1,800
16 Vg
'
Talcott Inc
700
:
56%
53V4
•;
150
7,100
'--f
16 Va
*52'%
133%
.53%
6'A
56
,12 3%
593%
12%
53
13%
6
16%
163%
56
*
*13
•
57
16
573/4
153/4
x56
"'6,200
,
9 Va
63/a
6
6'%
■
28
9
131/a
13 Va:
133%
-"63%
r
1
103%
103%
93/a
"
6%
27 V2
273/4
104
•1033%
'
5
100
VSunray Oil Corp
:_1
Sunshine Biscuits Inc
___12.50
Sunshine Mining Co
10c :,
• Superheater Co (The) _——No par
Superior Oil of Calif______
.25 /
' Superior Steel Corp_
..."
Sutherland Paper Co_u_
10 .:
Sweets Co.of Amer (The)
4.16% :
Swift & Co,
__J.
25
Swift International Ltd
Sylvania Elec Prod's Inc__,"-No par
;
$4 preferred
__No par
Symington Gould Corp.
1.
200
•: 5,700
12,900
243/a
26 '/4
:
'
1143/4 Feb
15% Jan 13
45 V4 Feb 25
,_1
40%
39%
:84% Sep
2
58
Dec
,14 Va Nov
34%
36% Jan
.125
$ per share
:
,;18%
101% Jan 13;
i
Highest
$ per share
6
37% Jan
6
Jan 13
39
No par
Sterchi Bros S.urei Inc.
,
800
.
16
' I
■
Stewart-Warner Corp
5
Stokley-Van Camp Inc.,
—1
5% prior preferred
»
,20
'Stone & Webster _____
No par
Studebaker Corp (The)
1
Sun Chemical Corp
:
1
$4.50 series A preferred___)Vo par
Sun Oil Co
No par
•••
Class A pfd (4%^ cumj____100 :
*1,100
,:
35%
24
>
9Vs
8%
9%;
6'%
34%
104
103%
15'%
15V4
"
*15
27 Vi
27
13%
14
22%
*443/4
23%
103%
9 Va
9%
22%
46
•'
Sterling Drug Inc common
3%% preferred
.1,400
22
15 %
28
•
103%
•
-
111-
110
22
46
35 %
24
•108%
110
22
45%
23%
23%
103 Va
♦13%
12%
223/8
X34 %
36%
24%
103
12
r
Starrett Co (The) L S
.
38,200
4,700
.9,900
'3,900
42
211/4
'15%
16
36
'
9%
9Vt
4IV2
12
21%
36%
-
23%
9%
413/4
22
x44%
45%j
*15
16
•
9%
21
v
'21
23% :,23%
60
120
109
22%"
23
2,600
72%
120
403/4
40%
Xll%
V
11% '12
•
■ir
9Va
40 •"
40%
22% '
110
'.w.
'
40%
41'%
22%
72 %
1213/4
♦120
120
*
9
9%
9
9'/a
*
40 Va
120
120
120
121%
..
*107
73%
73%
74%
73%
r
*21 "v
4
108'%
*107
108'%
♦107
74%
73%
143/a
14%
14%
15
107
107
73 Va
*120
-
20%
21'/a
15%
107 Va
07
3,100
2OV2
20%
20%
23%
,
18%
15%
.
2,800
100
V4
18Va
22%
r
900
.104%
*103
1043%
18
/
'
'
200
45% (/ 46
46
45'%
*103
18 Vi
'"
h
■
17
*16 Vi
104%
•
42j
42
43
17
21
.
15%
-
-
•
45%
45%
*103
16
46
♦45
46 i.;
109Jan
34% Jan
;99 t Jan
,
20,800
-
8,800
"300
«
9,400
V
^ 400
104
15%
157/a
15%
*45
!
:
Standard G & E,Co $4 pref..No par s
28% Jan 16
$6 prior preferredJ+^JA-ANo par
V 98
Jan 13
$7 prior preierred_——No par ,
10.6
Jan 13
; Standard Oil
of Calif—No par .
53 Feb 26
Standard Oil of •Ind anaJ.-.„._—25
: .39% Feb 26
19
Standard Oil of New Jersey—25
64% Feb 3
Standard Oil of Ohio——
10 " 23% Jan 6
- 3%%
preferrfed series A.:
100 :. 101% Jan
13
V Standard Steel Spring
1
1 „ 12% Jan
4% conv preferred
50 ;
44 .Jan -r .2
V,
Year 1946
Lowest
>
Par
-1
V"
V
40%•.•"'.••#.-■'^6,100
65%
26%
16%.
18%
18%
54%
53
39%
42
46%
104%
19 Va
21 Va
21
•
45%
103
v
'64%
-
45%
*40%
17
*102%
47 Va
47
103
V1;
.
.
$3.50 cum preferred——;-_No pftr j,
t
23,000
500
2,800
-9,100
33
113
120
400
'
*103%
xl6%
41
41
*16%
'
■-26%
65%
27
*44%
32»/a
113
15%-16%
46
45
; lOOVa ' VV
'
53%
' 104
104
* 400
M80
t ■.? 8,800
*119
119%
40 Va
39%
36 Va
'
•<
120%
113
*112
'54
„
X26 Va
-16%
47
:
64%
-
104%
-16%
*46
-
■.
*103%
'
,
53
1
66%
.55>4
*100
33%
32%
-
.
112
35%
36%
100%
3,200
39 %
112
36%
-♦98%
V 230
17%
?
*36%
:
36%
100%
31%
32%
111% 111%
118 : 121
\
.55 Va
40%.
55 Va
112
♦111
Ill Va
36%
<
'
34
111%
111%
'
124
123
17
10,200
»■
85%
85%
17'A
<
38%;-38%
*98%
••
32%.",
34 Va
'
113
15%
.
Range Since January 1
Highest
Lowest
S per share
* Per share
23% Feb 25
19% Jan 13
3
17% Feb
7.
.13% Jan 15
4
90 % Feb
82 : Jan 16
5
18% Feb
16'/aJan
2
45% Jan
26
38% Feb 16
112% Feb 11
Sperry Corp (The)
Spiegel Inc
A—
-2
:V- Conv $4.50 preferred---No par:;
Square D Co—
,
1
-5 Squibb (E R) & Sons common—l ..
■;
$4 preferred
No pur I
.. Standard Brands,
Inc..-—'.No pa» v
>6,900
22%
15
86
38%!
111%
-
37%
99%"'
-99%''
L '100 Vs"
100
112 *
Va'
•''22%
-15%
86%
•17
17%'
38%
1
39%:
227/a
15%
86
16%
17%
•
*36
22%
r
.
36% ; 36%
CLOSED
•
x85%
'87%
*38%:
>
*'/
112
lllVa
STOCK
/
•
177/s
'
*38 Va \ 40
VEXCHANGE
87
17
'
87
17 Va
15%
•
j V";■
Shares
$ per share
t per share
■S per share
? '
the Week
Feb. 28
Feb. 27
.
Sper share
I per share
$ per share
Feb. 26
Feb. 25
'
-Thursday
Wednesday
Tuesday
Monday
Saturday
-r
Range for Previous
1
.
NEW YORK STOCK
'
EXCHANGE ;
Sales for
Friday
:
:
Feb
32
16'%
Jan
373/a
Nov
101
3
Jan
119
Dec
543/4
19'% Nov
25 Va Jan
Feb
42'%
Sep
Jan
Jan
ft Feb 13
.J
40
/
:
76%.
-
40
■
76%
•32
34
•
401
40%
40%
763/2
75%
_76'/3
31%
*30%
39%
39
40
•
*
393%
40%
:•
-
"
76
751/4
76%
*32 V.
33% J.. '
x31
32
76%
32
200
*
73/8
7%
*78
71
79%
78
3%
3%
51 %
*9%
78
3%
51Va
51V4
*9
10
6%
7 »/8
:
10
93i/a
14%
14%
40%
40%'-
49%
50
23%
18%
17'A
15
40 V4
40
49%
50
23%
18
V4
3%
51%
*9
-
*90%
93 Va
15
*77
3%
5i'/8
v
51%
231/4
*91%
7
79
*77
3%,,
7
,
;
51%
*9%
40
40 3,4
49
49%
23%
23%
18%
17%
41
413/a "
23V4
23V4
18
17%
•
1
V; 2,400
.
30c
preferred.!
conv.
Corp
.100
1
common
39
74
Jan
2
77'/4 Feb
8
8
46
..
.32
• 63/4 Jan 13
V 78' Feb 20
33% Jan 13
;
;> 33 'A: Feb
10
Feb
8% Feb
Feb 26
Jan 27
26% Jan 15
-
49V2
49%
2338
233/a
'
18%
17%
•
v/
18
>
62
'
.6%
78*
571/4 May
91'%
Sep
23 Vi, Oct
40
;
Apr
May
•; 171/4 Apr
Oct
89
Dec
Sep
Jan
10
4y8 Jan
31
;52'% Jan
29
.10 3/4 Feb
10
Dec
163/4 Aug
Jan
2
71'% Mar
1053% Aug
12% Nov
21%
Feb
Jan
83
7 Va
3'% Oct
173/4
18%
173/a
18 Vu
17
17%
18
181/4
18
10%
10%
10%
10
10%
io%
10%
10 V8
-
800
101/4
Dyewood Corp.
Preferred
^100
5
3,300
Engineering
Fruit
Fdy
Co_,___—
&
United Gas Improvement
United Merch & Mfrs Inc
■
'« 88
5
United
United
-
No par
Co__13%
1
com
2
'
8i% Jan 16
1
—-—1——i
United Electric Coal Cos
:
39,300
18
10%
..
9,700
49 V* Jan
13
"
95
Jan 14
Jan
Jan
22% Jan
16
8%
Feb
13
2
341/4 Dec
56
51
2
41»%
Oct
53% Aug
18%
Oct
16,
•
131% Jan 16 >
f
110
;
5%
8,500
-
preferred
U00
_■
United
Rexall
U
\ 20,800
Paperboard
United
•
Foreign Secur—_—No
Drug
'-107
Feb
19
10
12
Jan
16
2.50
Inc
10
Jan
13
567/a July
Oct
43% Jan
13
393/4 Jan 23
44% Jan 14
.
44
-
Jan
-24'3/4 Jan
6
12 V4 Oct
19 'A Feb
17
108 Vi Jan
30
104%
Oct
3% Feb
113/4 Feb
21
9%
8
9%
Sep
Oct
21'% Feb
13
-
108%
*108 Va
1091/4
$3 preference
1,900 4
233^
*1081/8
30
J
•
v.
IO71/2
108'/a
\
41% ' /
*41
49%
•
.
14
107 3/2
♦1071/2
Cigar-Whelan Stores
United
10
93 3/a
133%
1073/2
107%
No par
$3.50
v
42,500
United
*9 Va
93%
>.
13%
49
.•
51%
51
10
93%
13%
14V8
■>
100
■'
3%
513/4
*92
93%
131/4
>
United
17,400
!
79
*77
3%
1..No par
4: United-Carr Fast Corp...J..Nopar
'
10
/ *92
7V4
79
3%
7Va
7
Co
Biscuit
United
i
1,700
•
r'J:--
Carbon ,Co^
United
1,200
'
76
*30%
-
19
V
30% Apr
22
Aug
110
Jan
153/a July
18% May
; I
203/4
20 3/4
*105
19%
20%
18%
105
1
1051/a
105
16%
16
101 »/a
161/2
1023/4
103»/2
102
103
99
192
192
192
♦192
195
*190%
16%
*313/4
32'%
30
31%
29
92»%
92%
92%
92%
49V4
51
7%
footnotes
see
51
7%
31
page
5,300
101
73/2
■
30
7%
30%
.
48
7%
30
491/4
73/a
7 Vb
■
1
7 V8l
...
(
,
f
<
73/4
! ; 30%
-
'
S
&
$4.50
U
•
2,700
U
t
U
.
1,700
S
S
preferred
;
Freight Co
7%
40
2,900
f
S
1
900
-
4934
7V'4.,
30
2.100
80
921/4
49
50
V
31
*90
■'
*30
-
194
*29
91'A -91V4
49V4
;• 30V2-
•1921/4
31% i
*30
103
102
101
140
18%
18
173i
•192V. 195
92%
31
19
107
*105
105
16%
30
'92'%
50%
18 Va
19 Va
105
16 Va
105
161/4
For
18%
193/a
'
107
Gypsum Co
preferred
•
U
-
■
Hoffman
Mach Corp
preferred
Industrial Chemicals
S
;U S Leather Co,
P^rtic
&
conv.
1
„20
109
4 V4 %
1,900
par
No par
No par
5
100
No par
No par
cl
A—
No par
16'% Jan 16
3
106'
Jan
28
Jan
2
U 81/4 Feb
3
104% Jan
15
86i/4Jan
l6
1073/4 Feb
11
188
Jan
23
192
1 Feb
14
29
Feb
26
911/4 Feb 27
x41
7"
Jan
13
Jan, 13
253/8 Jan
3
TT—
13-
Oct
Nov
NOV
93
Sep
187'% "Dec
321/2 May
1093/4 July
29%
132
X205
Feb
May
Sep
33'% Jan
6
26
Feb
473/8
Feb
15
90
Sep
98% Aug
531/4 Feb
13
37%
Nov
62
94
8y8 Feb
8
31'% Feb
8
1207.
-
15'%
101
__
T—
6%
25
Apr
May
Sep
13%
Jan
Sep
44
Jan
Number 4573
165
•Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK RECORD
SALE PRICES
Monday
Saturday
stocks
Wednesday
iFeb. 26
Feb. 24
Feb. 22
Thursday
share
$ per
$ per share
183/4
183/4
18%
18%
*9%
93/4
*9%
93/4
43 %
%
-
43%
42%
72%
*71%
t per share
•
'.V *72
Xl7%
34
32%
*102
58
stock
48%
closed
49%
80
;
.57%
163
48
49%
i
80
t
74%
■U-v k"
23
22%
>47
483/4
55/,
J
55/a
22%
13
107
*105%
10'/8
*51
53%
22
9
*105
10%
*51
21%
9
92%
190
51
9
923/4
*188%
195
90%
163
56%
56
V
26 %
26%
91
90
90
u
161'
600
50
5i:
7,700
51
80 %
73%
80%
81
81,
75
733/4
74%
146 3/i
146 3/4
1453/4
s
146%
•
s
u
u s
300
:
1,800/
s
'
253/a Aug
ll'/a July
Nov
60% May
100
1013/4 Jan
3
102% Jan
15
tiq
48 3/4 Jan
16
60% Feb
11
100
147 % Jan
6
50
8
4
149% Feb
1
1,700
u
48 3/4
53/4
1,300
1% non-cum preferred
United Stockyards Corp.u;
11%
11%
11%
11%
10,800
United
4,800
United
*105
106%
93/4
10
$6
t
*51
53%
*51
53
300
21%
f:'20%
213%
*20 y4
21%
200
J
8%
8%
87/a
903/4
903/4
25%
26
*90
92%
195-
*188y4
26
92%
26
.8%
2,500
130
3
; Jan
8
Jan
23
Jan
27
8% Jan
1
__1
ico
Jan
-
Jan
20
1
Feb
Oct
65%
142
84%
Sep
89
Feb
Oct
x72
97%
Feb
Dec
8% Jan
13
166
Feb
Feb
19
20% Nov
29%
Jan
21
47
Nov
55 Va
Jun
3
Sep
934
Jan
20%
Apr
4%
21
7%
Oct
Jan
6
100%
Nov
10% Jan
30
7
Sep
11% July
17
41
Sep
54
106
52
4
2
Feb
22
3
Feb
7
18%
11% Feb 10
Jan
128
Dec
July
27 y4
Feb
22
Apr
8
Dec
Jan
14
99
Jan
2
91
Nov
110%
Jan
184%
Feb
4
190
Feb
200y2
Apr
49"
Jan
24
187
_1
X22
Jan
May
13
29%. Feb
3
25
Nov
100
Universal Pictures Co Inc
4%%
preferred
Feb
x90
,
No par
preferred
187
12 y4 Feb
14
47
f
Inc
Apr
5% Feb
13
,102
•7'
Inc
pfd__j
40%
Oct
80
483/4 Feb
46% Jan 27
2d pfd_5
non-c
Paper
conv
21% Jan
5
eferred
Wall
cum
1
Dec
Nov
"
25
No par
$4.20
Universal Laboratories
Universal Leaf Tob
l10
92
*90%
pi
No par
Universal-Cyclops-Steel Corp__-
170
195
conv
4%
1,700
90:%
>188%
Co
Jan
Apr
39%
106
Nov
144
28
84
Dec
Sep
48 v4
27
144
Sep
36%
100
11
Feb
22%
10%
Feb
Feb
53/4
106%
59
2
_
51
22%
9%
165
19
79 3/i Feb
*46%
>105
42% Jan
Feb
Jan
81
53%
93/4
73
39
8
22%
Sto**-*
13
16
48 3%
11%
Jan
16
5%
Tobacco
70
78% Jan
*46%
26
25%
Dec
35
68 y8 Jan
x22%
91
*90
9
5
_50
5%
s
Jan
17
303/4 Feb 26
22%'
:-■)
13%
9y2 Jan
44% Feb
common_^_no par
:
;
loo
Corp
Preferred
8
$ per share
7
1
Steel
Highest
S per share
3
Smelting Ref & Min_;
Preferred
ii
35,800
19% Feb
9y4Jan
Co__4
hon-cum 1st preferred
8%
|
22
38 y2 Jan
Rubber
s
16 y4 Jan
< per share
10
pfd series A
cum
Year 1946
Lowest
,__20
^,..10
preferred
Pipe St Foundry
Playing Card CP
Plywood Corp
3%%
15,100
161
47%
*188% 195
26 3/4
^
10
48%
9%
91
•
"
26%...
7,600
51%
*20%
9
*91
<
32%
103%
'
107
9%
53%
21
9%
*90%
ol90
10%
107
9%
*21%
5%
11%
*105
•
*47
53/4
11
10%
32
*102
*161
74 %
u
U S
I per share
for
1
483/4
22%
8%
5%
11%
4%%
i,'
1,400
/
32%
57
Range Since January 1
Highest
Lowest
u s Lines Co
5,500
103 %
56
146% 147 %
.
11%
*
72%
>
■>
:: *47
..
32%
18%
80%
*80
147%
93/4
*102
163
47%
753/4
146-%
148
33
*161
*80% >.80%
77%
75%
*146 %
30 3/4
1023/4 10234
55%
57%
163
1633/4
42%
72%
'•*71%
Range for Previous
stock
Shares
9%
*71%'
41
72%
32%
56%
*9%
*41%
72%
9 3/4
41%
18
york
exchange
;
v
42
*9%
1Q3%
.
58%
163 34
exchange
31
*102
:
103%
r
i
$ per share
18
X41%
,
72%
new
the Week
173/4
*9%
*71%
43 ;
'
Feb. 28
Sper share
17%
Sales for
Friday
Feb. 27
r
$ per share
82
Jan
14
9iy8 Feb
13
77%
Dec
18
Jan
17%
j
101
Apr
V
20
20
183/a
18%
*18%
18%
17%
18%
*37%
38%
37%
37%
36%
37
18%
*36
18%
18
38
*37
*94%
96
*94%
*96
99
*95%
*431/4
44%
20 V
86%
119%
97
*44%
17%
17%
V-17%
./We
1,200
36%
*36%
37%
500
37
37%
*94
96
.*90
*93%
98
*93
42%
*103
8%
104
7%
45
*44
38 3%
*90
*91
..
36
.
42-
83
2,900
700
103%
70
7%
7%
85
.
*90
97
44%
*44
45
*44
443/4
*140
155
>140
155
*140
155
*148
156
148
148
148
*36%
148
38
37
*140
155
*148
:
150
600
155
*148
150
41
17% Jan
16
20 3/4 Jan
33
11
39
div
100
7
Nov
39
Feb
15
15 y8
Oct
25%
Apr
13
35
Nov
58 va
Apr
2
15%
Sep
Feb
6
30
Oct
94% Feb
20
83%
Oct
113
13
91 y2
Nov
115
Feb
53
May
Jan
13
94
Jan
42
Feb
27
49
Jan
7
100
_n>o
94
5
Chemical
101
103% Feb
28
par'
Jan 20
6
Jan
13
100
69% Jan
14
,__100
119 y8 Jan
29
prefered
Preferred
Feb
100
Works
partic
Jan
18% Feb
90% Jan 23
pfd>_.100
Virginian Ry Co.
25
6%
preferred
25
Visking Corp (The) class a
5
Vulcan Detinning Co
100
800
37%
*140
6%
1,300
;
20
100
Va el & Pow $5 pref__
Va Iron Coal & Coke 5%
90
38
*36%
Va-Carolina
30
Feb
3
34% Jan
2.50
Ry
preferred
preferred
cum
22
16% Jan
10
Pac
Chemical
16
2.50
Co
&
non-cum
3%%
800
120 V;
97
38%
Shreve
Victor
2,900
85
*119%
No par
Inc
Co
Chemical
5%
42%
*90
38
Vlck
Vicks
103%
83
Raalte
Vertientes-Camaguey Sugar Co_6ya
700
42%
119% 119%
36%
Van
97
>
38
Vanadium Corp of Am
Van Norman Co
95
97
19;
36%
97
38
37%
37
*35%
95
18%
*103% 105
7%
7%
84%
*90
37
42
42%
7%
18%
353%
*119% 120
101
*37%
17%
83%
V
85%
120
45
38%
38%
,/' 600
18
103
85
45%
38%
20%
17a%
423/4
*95
*37%
*19%
36%
>
20%
99
*119%
97
*19%
96
73/4
86%
119%
19%
38
103
8%
8
19%
18%
423/4
104
*102%
•
20%
—:
89 y4 Feb
9 % Jan
28
913/4 Jan
36 y2
Dec
5%
108% Aug
Dec
Jan
12%
28
63%
Sep
5
117%
Dec
123%
Feb
97
Apr
May
Feb
121
21
51%
Sep
100
Jun
26%
105
99% July
Apr
80
Jan
Jan
15
45
Feb
21
40
Dec
53
37
Feb
3
40
Jan
17
37
Sep
45%
34
Jan
16
Feb
17
52
Apr
145
Jan
9
145
Jan
9
130
Oct
170
Mar
148
,,
24
40
Jan
6
150
Jan
2
145
Dec
178
May
56
38
32% Nov
Apr
July
Jan
W
*73%
75%
*73%
75
73%
73%
17%
17%
17%
17%
17
17
17%
35%
35%
35
35%
34%
35
*34%
*105
106 3/4
*105
1063/4
*105
*70
1063/4
*71 >•
35
17%
*105
*34%
1063/4
23%
24
23
23%
23%
23%
23%
123/4
12%
12%
11%
12%
11%
18%
18%
173/4
105%
105%
17%
173/4
26
263/8
26%
23
23 •'
-26%
37%
*26%
36%
26
6,600
12%
7,600
Walworth
175/a
17%
5,600
Ward
1053/4
140
5%%
10%
41
413/s
41%
26,100
Warner
86%
16%
87%
26
31%
26%
sv
32%
41%
26
86%
31'/a
♦25
25%
37
700
10%
10%
10%
1,500
42%
41%
42
2,800
87%
86%
87%
250
8,600
313/4
30%
*113%
111
1113/4
♦111
115
45 /:■'
42%
112 v
112
41
44%
112
*110%
115
313/a
313/4
*115%
116%
118%
118%
Ill
♦111
115%,
42
43
43
112
112
111%
112
43
43
Saturday
Feb. 29
,
Apr
111
22 y4 Jan
3
11% Jan
16
Jan
15
,15
Lt
5
15
Motor
Co
Tobacco
5
5
...I
Inc
5
Jan
Jan
2
24% Jan
7
3
13
25
100
Sep
Oct
233/4 Aug
50
Jan
39% Jan 30
18 y2
Jan
39
Dec
27
25%
Dec
35% Mar
Jan
31
Jan
13
253/4 Jan
6
13
22
23% Feb
20
Jan
8
41
7
27
16
Indies Sugar Corp
1
West Penn EJbotric class A—No par
1% preferred
100
29% Jan 13
3
110% Jan
116
118
6%
4vs%
Feb
90
34% Jan
9%
Friday
Thursday
Feb. 27
Sales for
Feb. 28
2
29
new
Sep
Jan
16 3A
Apr
43% July
89% Aug
pfd
& Pap Co
45
Apr
Feb
25
108
Sep
119
Aug
Feb
8
121% Jan
14
115
Jan
122%
Feb
100
preferred
the Week
vb
85
Feb
29%
47%
Sep
Sep
Sep
Sep
31%
4
343/4
109% Jan
3
1123/8Jan
14
106
Sep
117% Aug
100
preferred
West Penn Power 4%%
West va Pulp
Sep
20% Oct
31
Sep
4
42% Feb
16
West
2,900
50
Feb
123/4 Jan
9% Jan
Snowdrift
20
26% Feb 18
34% Jan 16
37% Jan
&
preferred
Jun
Nov
7
28
24% Jan
Oct
2qva
Oct
16%
l83/e Feb
16
Jan
Apr
22
Feb
13
21
jun
Mar
183/4 July
107% Feb
86% Feb 25
Oil
conv
9v4
Feb
:
293/8
xll% Mar
No par
$4
23% Nov
19% Feb
31
,
105
13 y2 Feb
106
223% Jan
5
Co
,
103 y« Jan 13
107
114% Jan
2
115% Feb
13
1133/4
Oct
No par
,100
—
38
Jan
16
45
Feb
24
323/4 Nov
ii93/4 May
53% Jun
110
Feb
3
113
Jan
27
111% Sep
116j/4 Apr
stocks
Wednesday
Feb, 26
Tuesday
/Monday
Feb.24
Feb. 22
6
Pictures
Gas
LOW AND HIGH SALE PRICES
/»'
104 Ve Jan
No par
Wesson
110
110% 110%
54
-No par
30
115%
115%
233/4
Dec
-No par
-
200
*115%
Bros
Webster
30
118%.
111
111%
1153/4
31%
116%
118
119
Oct
33%
Warren Fdy & Pipe
Warren Petroleum Corp
500
37
115%
15%
*1183/4
86
15%
11
Wayne Knitting Mills
Wayne Pump Co
25%
873/4
86%
Sep
25
36% Feb
100
Waukesha
42
>42
119
43%
*110%
22%
18
17% Jan
.No par
1
common
Washington
37%
>
Co
75% Feb
16
27
preferred
600
10%
10
116
*114%
22%'
Baking
14
Jan
.No par ;•
Co
800
/
,
25%
116
115
26
*363/4
37%
119
1113/4
114%
*
:* 26
'
118%
*111
36%,.
22%
10
32%
32
200
800
363/4
26%
*22%
116
118%
17
26
37%
'
*114%
16%
*25%
26
37%
22%
37
42%
87%
16%
:
26%
*25
10%
87
16%
,
Jan
17
33% Jan
-100
g & w
68
.No par
.No par
1053/a
.'
preferred. ._—100
Co
23%
23%"
17%
26
Walgreen
106%
>12%
105%
36%
600
'
38%
103/4
17%
105%
26%
26
10%
17%
105%
*22%
23
.38%
39%
*25%
27 \
23
26%
383/4.
16%
26
36%
38% '
38 %
*105
17%
16%
*26% .27
17%
»l83/8
106
Wabash rr 4%%
Waldorf System
4% preferred
Walker (Hiram)
123/8
*105 %
100
1,000
35
*105
238/8
12%
/'•
75
*17%
75
.17%
york
Range for Previous
stock
Range Since January 1
Highest
exchange
Year 1946
Lowest
Lowest
Highest
1
$ per share
$ per
9%
633%
9
9%
633/4
*7
7
9%
8 3%
60 %
9
62%
6%
• 6%
17%
155/a
15%
633%
62
63%
*153%
•
17%
*153%
>
63%
v
42
42
39
41%
373%
86%
86
86
86
22%
21%
22
20%
33%
34 %
26%
closed
27%
>
26%
—
16
*993%
105 "/a
36
36
100%
'21 ft
20%
87
21
*12
Class
26%
.-34%
-
*64%
*103
103
523%
34%
35
100% 100%
103%
*
1*64%
68
33
33
33
27%
26%
27
27%
16
16
15
153%
14%
15%
14%
15%
15%
90
90
*33
34
v
,*33/
•
i
■:
I
12%
14%
99
*973%
■
y
'.
1 i
-
>
*973%
-
165
:•
k 5oy4
y 65%
I
:
50%
*99
.r n ■
.
J
?
'
16%
41%
41%
4,200
White Sewing
90
*
:'
7%
20,300
11%
99
973%
98
98
98/
61%
*90 y4
99
18%
*142
51
'•
165
49%
63
92
99
99%
99%
?
»
9,800 i
300'
Oct
17% Jan
16
18%
11% Jan
18
Oil
"Wilson
&
Woolworth
(f w)
Worthington p St m (Del)
98%
98%
75%
*74%
76%
*74%
75 Va
>„ *74%
68 3%
69
-.68%
68%
*67%
69%
68%
15
15%
15%
14%
15%
40
39%
60
.
68%
16%
60
/
10
800
5,100-
Prior
-
-
Prior pfd 4'/*%
26%
Oct
41 %
Jun
23% Jan
28% Feb
13
21 y8
Nov
393/4 Jan
10
91
Dec
95
39
May
93
*
Jan
13
2
102% Jan 27
100
Feb
*
105% Feb
24
Feb
18
29% Nov
45 V*
10
98
Nov
107 y2
Jan
9
63
13
100
36
65
Jan
9
65
Jan
23
103
35% Jan
13
101
Jan
13
Deo
63 y4 Jun
101 / Feb
Jan 28
<
Jan
18
55 .« Jan
99 ;
98
-
Feb
44 y2 Feb / 7
101% Feb
.
Aug
Oct
36% Nov
90% Nov
24
r:
Jun
Jan
72
Jan
106
Jan
62% May
107% July
Jan
15
34
Feb
7
27 va
feb
44
233/4 Jan
16
29% Feb
8
213/4 Nov
44
i
:
13% Jan
14
17% Feb
1
11% Nov
81% Sep
233/a July
20
31
3
90
Feb
3
[ Jan 21
34
90
Feb
6% Jan 14
Feb
13
7% Feb
6
11
9% Jan
13
13% Feb
13% Jan
13
97% Jan 10
99
17
Co
•
Jan
3
19% Feb
9
2
53% Feb
Nov
12% Sep
95%
15 ya
8
Jan
18
Sep
Oct
105
36
12%
26 3/4
May
Jan
July
May
Jan
Jan
,21
July
101
July
213/4
Feb
142
10
43
10
46% Jan
Mar
160
Jun
34
Feb
52
May
43% Sep
62% May
Feb
1
Jan
16
68% Feb
13
47
Sep
74
100
90% Feb
21
94% Feb
13
84%
Sep
100
Apr
100
971
Feb
1
100
Feb
20
87 y2
103
May
No par
75% Feb
19
80
Feb
8
Sep
75 y4 Deo
No par
5
63 s/8 Jan
21
12'/a Jan
16
-
No par
series.
Wright Aeronautical-—Wrigley (wm) Jr (Del)-.:
Wyandotte Worsted Co
-10
Nov
53/4 Oct
Jan 28
pfd—100
series
conv
30
15% Jan 30
;
—
Pow co 6%
Co
pfd 4v2%
13
No par
1,900
"
35% Feb
1
8,800
'
93
Jan
30% Jan 22
23 Va
No par
50
63
32 v4
31
Iron
93
Apr
11% Oct
20
Motors
Co
Wisconsin el
Jun
53%
18
—5
Woodward
•
56 y2
101
Ofct
Jan
Co
Willys-Overland
32 3% Jan
,,
1
14 v Jan 31
No par
4,200
v 63
'
71
<
—
1,300
19%
y
15
preferred-
conv
Wilcox
165
15%
<
Mfccfr Corp
49%
64
92
50%
27
18
% Jan
1
51*:
*142
50%
62
93%
14
18
87% Feb
No par
Ino_—
$4.25 preferred
Wilson-Jones Co
.18%
r
52
11
42% Feb
32
(The 8 s)
51
18%
*•
,,
$4
2,100
14%
*
10
Motor
Prior preferred;
11%
18%
18% Feb
2
10
100
Jan
13
9
Feb
,
90% May
16
Jan
No par
35
Jan
5%
Jan
*
No par
:
57
$ per share
58
2
53
*69%
Feb
13
18% Feb
10
..
106
Aug
Feb
Oct
82 %
Apr
13 Va Dec
253/a
Jun
59%
U I:
f
68%
"
76%
*74
76 ': :•■
200
Mfg
14%
51%
preferred
steel Corp
prior pref
conv
3
Jan
79
*
—No par
6
7% Feb
Jan
14
49
Co„-
12
165
$5
White Dental
143%
51
100
75 Va Jan
/
Sep
Sep
Sep
-12.50
conv
Wheeling
34
7%
Corp—,12%
pfd series a
-,.-100
White
11%
50
100
7%
No par
Electric
3,300
14%
18%
-
.v
7%
*33
Brake
27%
14 y8
*142
653%
34
Air
16
,
11%
*97%
503%
92%
*33
7%
280
>*86 v
90V
cum
5%%
3,100
10%
19
62
34
100
v
41
100
14
,
-
99
92%
100
16 y4
'
•?
.50%
100
68%
"<
•)-f; :
12%
52
.*86
7
7%
143%
90
*33
V;
/
52
,/
76
34
:■
42
100
*86
165
94%
66
89
*142
52%
52 y4
*93
"
*18%
19%
,>18%
*142
1 I
I
*T
11%
c14%
7%
14%
;
?%
12 y8
//
*88
■
*323%
.34
*32a%
-
40
100
*—No pat
Wheeling & Lake Erie Ry__—100
*102
103
41
101
13
Westvaco Chlorine Prod$3.75 preferred
"
25
34
-100
-
27
Jan
3.80% cum pfd series b
Weston Elec Instrument--.
340
28%
*33
39%
42%
101%
2vi%
900
1,400
273%
41%
101%
•
;
34%
28%
43
1015%
'
I
/'
300
28%
103%
43
101
V
:
53%
103%
%< 42
100%
33%
33%
*103
Feb
6
b
Westinghouse
Westinghouse
360
105%
-
*
34%
68
103
7,600
24,600
100.% 100%
100%
*64%
68
100
105%
*51
34%
»10o
r
100
100
60
Western Union Teleg class A-No par
26
105%
non-cum
„_10
0,90$
263/^
*
7% Dec
21'/a
26%
99%
10 va Jan /4
Ry
,100
2nd preferred___100
-
*12
52%
13
35
26 3%
105
Jan
Western Pacifio rr Co com-No par
Preferred series a
.-100
33%
523%
4%
t per share
600
1,400
323/4
100
Maryland
Co
$ per share
1
:.
Auto- 8upply
Western
I per share
*
IT
105%
Western
-.400
;/
38
32%
105 y4
68
103
16%
38
33
*51
.
101
•64%
68 v
'
36
35
-
1003%
16%
*85
Western Air Lines Inc
.'1,900
1,300
7 >
ik
*85
*993%
-
53
53
613/4
*6%
.
Par
6,900
9
253%
v
100
105 y8
54
*100%
/v *64%
27y8
-
100
54
61 Ve
> 6%
16%
373%
I
Shares
32%
34%
1053%
99%
*105 y8
'
*12
*12 • :
323%
*12%
exchange
9
61%
-•••'
6%
21%
.*•—:v
$ per share
9%
€0
86
21%
9%
38%
86%
STOCK
t per share
I per share
I per share
share
38%
39%
39%
41%
.38%
39%
1,200
153/a
15%
15%
15%
.143/4
15%
15
15%
14%
15%
4,500
21%
x
v
22
21%
21%
X19%
21
20
20%
203/4
21
X67%
'70 y8
65
67%
66
71^8
71%
67 y8
65%
66%
2,300
16,200
20%
20%
203/4
20%
2,400
.
21'
21 Ve
2o3/4
21 y4
20%
21
22
22%
22%
223/4
22
22%
22%
22%
9Va
93/4
93/4
9%
9%
9%
.:
9%
*Bid and asked prices;
no
sales on this day,
9%
tm receivership,
a
:.t
•
'
Mfg Co..
-
25
1
-
Young Spring & Wire
No par
Youngstown Sheet St Tube__No par
Youngstown Steel Door
No par
33
38% Feb 26
45
Jan
3
13 5/8 Jan
16% Feb
11
13 y4
13
61% July
\9%
Deferred delivery.
,
'22%
t .<
93/4
n New stock.
3,000
Zenith
Radio
2,400
Zonite
Products
sale.
Special sales,
; r Cash
>
s
Corp
Corp
_no par
1
wd When
Jan
(
35va
Jan
>
Sep
Nov
837/a May
,
Jan
ji
19'/a Deo
9
Sep
42% Jail
16
Feb
7
62 y8 Jan
16
72% Feb
18
57%
16% Jan
16
21% Feb
21
15
18 ya Jan
13
9 Va Jan
3
23% Feb 10
103/8 Jan 31
distributed.
x-Ex-dividends.
•
27 y4
17 y4 Jan
23-
! Oct
Nov
Oct
15%
31
'
!ri 22%
'
Yale St Towne
York Corp
y-Ex-rights.
143/4
Apr
V
1
1208
Daily, Weekly and Yearly
Stock*,
■;, Wetk Ended Feb. 28,1947
808,860
1,276,550
1,345,900
960,750
684,530
Holiday
$15,919,500
-
2,000
4,000
223,000
•'
1946
J
$8,000
1,180,000
U. 8. Government
<
Foreign
15,919,500
Railroad & Industrial.
$17,107,500
TotaL
1946
$224,000
271,175
-
■
.
$11,000
1,410,065
$155,000
9,000
59,000
4,000
181,000
243,000
5,000
5,000
i85,ooo
6,000
2,000
.
112,006
/
.j
*
'
■
218,795
—
i.—
TataL
.
$783,000
'r
$90,000 V
120,090
$11,000
,-
Week Ended Feb. 28
t
12,205,100
$1,689,600
16,655,100
193,048,600
$884,000
-
,
302,274,100
Jan. 1 to Feb. 28
1947
1947::..;, ; ; nsw • <
1,410,065
;
3,379,405
Domestic.
41,651,820
.•
\ ••
$2,115,000
$9,067,000
$18,785,000
-236,000
1,000
1,-170,000
92,000
$2,352,000
$783,000
Foreign government.
Foreign corporate—
SJ946
17,426,706
$10,329,000
,
90,000
»
*
11,000
>
'
2,870,000
103,000
,
$205,477,700 ^$320,618,800
$29,680,700
\
4
.''5
Total
.
Holiday
$144,000
172,000
180,000
175,000
356,520
"314,645
——
Stocks—No. of shares.
4
'
248,930
■
V
86,425,112
47,314,680
$120,500
1,887,000
27,673,200
•5,076,590
Stock*—No. of sharesBond*
1947
8,429,390
o
■.
1
Foreign >.
Corporate
Foreign
Government
•
Thursday
Frtday
i
$17,107,500
Bond* {Par Value)
;
..
Domettie
Jan. 1 to Feb. 28
Week Ended Feb. 28
,
,2,699,000
$3,000
$1,180,000
-1947
3,269,000
f
—
Monday
——
Tuesday—.——
Wednesday—,
,,
4,175,000
>
{Number
of
Share*)
Week Ended Feb. 28,1947
>
,
Saturday
$3,098,000
,3,866,500
$2,000
$323,000
-264,000
153,000
217,000
$2,773,000
3,602,500
4,022,000
3,050,000
2,472,000
5,076,590
Total.
Sale*
.
•
<
Bond
Bond*
Stock*
Total
Government
Bond*
flaturday.
MondayTuesday.
Wednesday
Thursday—
Friday
United State*
Bond*
and MisctL
Share*
Exchange
Daily, Weekly and Yearly;
Foreign
Railroad
r
Number ot
,
Monday, March 3, 1947
Transactions at the New York Cnrb
Stock Exchange
Transactions al the New York
•
.
THE COMMERCIAL & FINANCIAL CHRONICLE
TotaL
viu;«
$884,000
$21,758,000
Stock and Bond Averages
"
•
of representative stocks and bonds
Below are the daily closing averages
;
listed
the New York Stock Exchange as compiled by Dow, Jones & Co.
on
I.
*
-Bonds-
-Stock*:
10
io
•
30-
••
'Indus-
•
Date—
trials
February
February
February
Febraury
February
Holiday
51.42
51.10
50.30
50.77
;
-
February
65
First
'
Indus-'
•
Second
Grade
Ralls
10
Ralls
Holiday
-
Total
Utili¬
Grade
trials
8tocks 1
ties
roads
•<
10
Total
Utili¬
■Rail*
22
24——_*/ 181.40
25
179.31
26
177.22
27—178.91
28
176.90
;
19
20
-
■
40
ties v
•
37.36
65.74
104.67
112.17'
94.02
36.94
65.07
104.65
111.99
93.62
36.65 :
64.28
104.61
111.94
93.44
i
36.94 7
64.88
104.56
111.85
93.15
.107.30
104.21
111.89
93.35
107.34
104.30
36.81v
50.39
104.64
64.73
107.85
104.68
107.55
104.45
107.39
104.34,
.
.
•'If
;>•
; •,; <
J
Vt? »*•'
v"
•s; v 11
Bond Record
New York Stock
«»
FRIDAY
NOTICE—prices
the
week,
"and
are
-
YEARLY
Interest"—except for Income and defaulted bonds.
Cash and deferred delivery sales are disregarded in the week's range, unless they are the only transactions of
footnote in'the week in which they occur.
No account is taken of such sales in computing the range for the year.
and when outside of the regular weekly range
The
WEEKLY
-
Exchange
are shown in a
Italio letters in the column headed "Interest Period" indicate in each
case
the month when
the bonds mature.
^
v
f.i)
Figure* after decimal point represent en*
LOW AND
Saturday
Monday
Feb. 22
Low
,
Low
102.8
♦102.6
106.7
*106.5
106.7
108.20
*108.17
108.19
112.9
*112.4
112.6
•102.2
10Q.4
*102.2
Thursday
Feb. 26
102.8
*112.7
CLOSED
High
♦108.18
EXCHANGE
Low
•106.5
STOCK
Wednesday
Feb. 25
♦102.6
High
High...
Low
Feb. 27
Low
High
High
Low
102.8
*102.5
*102.6
102.8 >
*102.6
*106.5
106.7
*106.4
106.6
*106.4
108.19
*108.17
108.19
*112.6
112.8"
*112.8
112.10
102.4
*102.1
102.3
*102.1
102.3
*107.3
107.5
*107.3
107.5
*107.3
107.5
*112.23
112.25
*112.23
112.25
*112.23
112.25
v,-V.t
114.25
•102.20
102.22
••
Treasury
Treasury
Treasury
Treasury
*113.21
113.23
*113.21
*114.21
114.23
*114.23
114.25
*114.23
114.25
(
*114.26
102.22
*102.20
102.22
*102.20
102.22
'*102.20
102.22
*113.24
113.26
'
*104.11
104.13
*104.11
104.13
*104.10
104.12
*104.10
♦105.12
105.14
*105.11
105.13
*105.11
105.13
*105.11
105.13
*105.12
105.14
•105.4
105.6
*105.3
105.5
*105.4
105.6
*105.4
105.6
*105.6
105.8
104.12
*104.11
104.13
>
$V-'
•107.7
107.9
♦105.9
105.11
♦104.24
104.26
♦104.12
*107.5
104.14
107.7
*107.5
107.7"
*105.7
>•
105.9
*105.7
105.9
*104.23
104.25
*104.23
104.25
*107.6
107.8
*105.8
105.10
-*104.25
104.27
•
•
104.13
*104.12 104.14
*104.14
104.16
*104.17 104.19
104.11
*104.10 104.12
»*104.11
104.13
*104.14
104.16
*104.8
104.10
*104.11
104.13
104.8
*104.6
104.8
*
*104.4
104.6
*104.4
104.6
*104.4
104.6
♦102.29
102.31
♦102.29
102.31
*102.30
103
U
*105.25 105.27
104.6:
104.8
103
*102.29 102.31
105.22
*105.18
105.20
*105.18
♦103.31
104.1
♦103.31
104.1
*104
*107.17
107.19
*107.14
107.16
*107.14 107.16
*105.10 105.12
104.8
*104.9
*103.2
*105.31
106.1
*102.29 102.31
'
102,30
*105.18
105.20
104.2
•
102.31
103
105.20
,
103
*105.18
105.11
102.14
8,000
105.20
*104
104.2
*104.3
104.5
*107.14
107.16
*107.16
|
!
102.14
*102.12
*102.12
1 02.14
*102.12
;
*105.10 105.12
*105.10
105.12
*105.14
*102.12 102.14
*102.14
102,16
*102.17
102.14
*102.14
102.16
*102.17
102.19
*100.31 101.1 :
L' *100.31
*100.31
101.1
101.1
*101.3
101.5
*101.3
101.5
*101.3
101.5
*101.3
102.7
*102.4
102.6
*102.4
102.6
*102.3
102.5
*102.3
*102.3
102.5
*102.3
102.5
*102.3
102.5
*102.3
102.10
*102.7
102.9
*102.8
102.10
102.14
*102.12
102.14
*102.12
102.14
*102.13
101.5
\
102.5
*102.3
!
102.5 :
*102.8
102.10
*102.8
102.10
*102.12
102.14
*102.13
102.15
-
102.15
*102.13
102.15
*102.14
102.16
*102.14
102.19
*102.18 102.20
*102.18
102.20
*102.18
Treasury
Treasury
Treasury
Treasury
102.16
*102.17
102.20
102.15
♦102.23
102.25
*102.17 102.19
*102.23 102.25
*102.23
102.25
•102.31
103.1
*102.30 103
*102.31
1034
*102.27
102.29
*102.27 102.29
*102.28
102.30
*102.29 102.31
*102.30 103
*.
♦102.29
102.31
*105.16
105.18
*105.13
105.15
*100.31
101.1
*100.31
101.1
*101.3
101.5
*101.3
101.5
asked
price.
No
3
112.6
Feb
.
.1948-1961
102.6
Feb
4
102.6
Feb
-
.
Feb
sales
transacted
*102.24
• * *»*, < '
*105.13
105.15
*100.31
101.1*
102.26
*102.26
103.2
*103.1
103.3
102.30
*102.30
Treasury
Treasury
Treasury
Treasury
102.28
*103
*102.28
-
103
**
ib^3b^l"dl' *" M* 103' * * *
-*105.14
105.16
10*3.2
—
*105.15
105.17
*100.31
101.1
UC-
s
«■
—
.*101.344015;:: unoi.3; :JLftl;5:;:,*101;4r. 191.6
this
day.
a
-
Odd
*100.31
lot
-
101.1
transaction,
r
Registered
21
106.6
6
Feb
104.14
'
1946
Highest
104.27 May
July
21
1028.21 Feb
111.18
Feb
Jan
102.12
Dec
110.3
3
112.21 Aug
4
102.11
Dec'".
.1951-1954
107.5
Dec
109.22
Feb
113.12 Aug
115.23
Apr
113.3
Nov
'
Jun
115.26
4
.1956-1950
.
.
.1958-1963
113.3
.
.1960-1965
118.15 Mar
118.23
Feb
.
1948
.
1949-1953
106«
106
Apr
.
1950-1953
Apr
106.16 May
107.15
Jan
.
1952-1954
105.29 Aug
107.5
Jan
108.4
Jun
2Vis
.
2Vis
.
2 Vis
.
104.12 Feb 21
104.12 Feb
21
—1956-1958
—
Nov
108.4
1962-1967
1963-1968
2Vis
.June 1964-1969
2Vis
-Dec. 1964-1989
2Vis
Treasury
Treasury
Treasury
"Treasury
Treasury
102.5 -k
; *102.13
and
Feb
2Vis
2Vis
2Vis
2Vis
/
i
*100.30 101
101.5
*102.5
•Bid
4
112.6
Treasury 2 Vis
102.19
*102.12
*101.3
-
108.21 Feb
104.4
Jan!
aif
bond
.
-107.4
29
103
Jan
107.9
13
102.22
Jan
107.19 Apr,
Jan
APr
104.2
Jan
30
104.2
30
102.11 Jan
107.9
104.7
Jan
29
104.7
Jan
29
102.11 Jan
107.10 Apr
103.1
Jan
29
103.5
Jan
29
101.16
i
:
102.24 Jan
—1951-1963
'
.
1954^1956
^
105.17 Feb
103;| Jan 17
*
-.
1956-1959
6
106.15
Apr
109.15
Feb
101.15 Jan
10^. 16, Apr
106.15 Aug
•j; joejiSjAug
1952-1955
,
108.17 Aug
105.17 Feb
7
7
—June 1959-1962
—Dec. 1959-1962
2s
"104.22 Sep
l^.^Apr
102.5
Jan~~6
!,
102.5
Jan
6
Jan
101.4
Jan
fj Apr
Apr
mny Apr
,
102
6
.March 1948-1950
_
_
"HI"
Dec. 1948-1950
June 1949-1951
2s
102.8
•'
:::z:
Dec. 1949-1951
-
!
Dec
•
>v".
103.7
lp~£8j V'Bee
103.9
Jan
103.9
Sept. 1949-1951
.
2s
Apr
100.29
.1947
2s
Apr
Jan
106.28 Apr
—Sept. 1967-1972
—-Dec. 1967-1972
5 Jan
f'.i
'
IQT.22
Jan
March 1950-1952
2a
—
.
i.
Sept. 1950—1952
2s
2s
June 1952-1954
4
102.22 Feb
4
1951-1955
Treasury IVis
-Dec. 1952-1954
102.16
Oct
104.3
102.20
102.22 Feb
-1951-1953
2s
Treasury 2s L
Treasury 2s
Treasury IVis
transaction.
Nov
Jan
104.4
0
107.27 Apr
Apr
May
104.7
.1965-1970
__
'.:
104.15 Jan
2
103.29 Jan
14
.1966-1971
2s
2s
104.23 Feb
14
—June 1967-1972
,
2Vis
2 Vis
2s
Jun
105.22
104.23 Feb
.
105.16
102.14
*10d.3l 101.1 I
*102.12
106.6
Treasury 2Via".
Treasury 2 Vis
Treasury 2Vis
107.18
t'
♦102.12
•102.8
1949-1951
.
*105.9
102.22 Jan
1951-1955
2Via
Treasury
103.4
105.29
4
1955-1960
23As
2%s
Treasury
Treasury
Treasury
Treasury
Treasury
104.11
103.1
*105.27
*105.26 105.28
*104.6
*102.31
-
-r
♦105.20
102.30
104.31
*104.9
♦104.6
*05.30
107.11
105.12
*104.29
*104.11
♦104.10 104.12
*105.28
*107.9
*105.10
102.13 Feb
Year
„
Lowest
Highest
.»•
•
'
Range Since January 1
Lowest
1947-1999
2%s
23As
2V6s
2Vis
2Via
Treasury
Treasury
Treasury
Treasury
Treasury
114.28
*102.20
113.23
27/#s
2'As
Treasury
Treasury
Treasury
Treasury
Treasury
*107.3
107.5 V:
"*112.26 112.28
'
113.23
Range for Previous
STOCK
Treasury 4Vis
Treasury 3 Vis
Treasury 3s
106.6
*108.17
112.7
YORK
EXCHANGE
\
*102.2
102.4
NEW
Bonds($)
*112.5
112.26
♦114.23
/High
102.7
GOVERNMENT BONDS
the Week
*108.17 108.19
•
107.5
■?■• *113.21
ef a point.
82d
f
Sales for
Feb. 28
'
•112.24
112.24
Friday
'
v
♦107.3
♦113.22
mere
HIGH SALE PRICES
' Tuesday
Feb. 24
or
Oct
104.14
Mar
Jan
103.13 May
103.13 May
104.26
103.2
1
Jan 24
103.2
Jan
24
102.14 Nov
103.1
Jan
21
103.4
Jan
24
102.22 Nov
Feb
'104.29 Feb
1953-1955
1948
101.2
1950
101.4
Jan
Jan
29
6
10L2
101.4
j"an~29
101.14 May
Jan
101.3
6
Sep
10L31 Mar
*."■ 102.17 Mar
t
Volume 165
Number 4573
-
the commercial & financial chronicle
NEW YORK BOND RECORD
RANGE
Friday
BONDS
Last
Period
<
WEEK
FOR
ENDING
W".
-<***
Sale Price
or
-
•
Friday's
Bonds
Bid & Asked
Low
Sold
High
Range Since
January 1
:
No.
Low
110% 111%
110%
37
28
'
S
*
.
*
I.
v
114%
Cons
AChineae
Last
Period
Sale Price
3a
(Hukuang Ry)
.1960
of)—
i MS
J-D
Low
NY 1-1693
•21%
25
16%
23%
20%
•16
14%
•87•
22%
1574
J-J
90
A-O
60
Vn
A-O
•48
'
7*
1926—
1946
M-N
•48
1927...
1947
F-A
90
86 ya
90
-
1970
*
.
86%
..
1947
90
♦48
of
7s of
60%
48
5874
62%
—
527a
527a
97 y8
61 %
'
—
"
..
1952
J-D
95
95
96%
60
93%
1953
M-N
mmmm
96
96 y4
7
917/a
96%
——1951
7s
M-N
19
19%
22
19
20%
M-S
Sinking fund 5%s.
Teletype
High
~
—
(Republic of). 5s of 1914
1949
Bxternal loan 414s
.—1949
4%s external debt1977
.
January 1
No.
21
6%s
Cuba
Broadway, Now York
Range Since
Sold
i-
Bank
Copenhagen (City) 5s
25-year gold 4y»s
Wertheim & Co.
120
Bonds
High
_
A-O
Jan 1961
f A .bonds
s
Mtge
ACosta Rica (Rep of)
REctor 2-2300
Friday's
.
..Oct 1961
ASinking fund
ASinking fund
Members New York Stock
Exchange
or
Bid & Asked
.1
1927.
external
MS
.1951
5s.
1928.
of
A Colombia
Foreign Securities
7s
.1960
(Republic
A 6s of
A 6S
Munio
assented
Colombia
Tele phone
Week's Range
Friday
Interest
Low'
A7a
J-D
*
BONDS
York
Stock
Exchange
A Chilean
Corporate Stock
•
vt
r
Transit Unification Issue—
-1M0
'
New
High
New York City
3B
FEBRUARY
Week's Range
Interest
Exchange
Stock
York
New
1209
1
w;
J-J
•103%
„
F-A
1953
ACaeoheslovakla (Rep of) 8s ser A.1951
ASinking fund 8s- series B
—1952
Stamped assented (int reduced
104%
114 y8
"l
114% 114 %
*107
~
A-O
_
11'4 Va
104 7/a
115%
107 %
112%
115%
*107
.
104%
112 y8
1
•107% 111
A-O
104 Va
10
104 y4 104%
J-D
115
-
•
to
6%
extended
I ADenmark
Foreign Govt. A Municipal
Agricultural Mtge Bank (Colombia)—
AGtd sink fund 6s
AGtd sink fund 6s
•
Akershus
1968
M-3
.1943
.1945
ABxterial
'
f 7s series D__— .1945
1st series
.1957
t 7s
28%
25
28%
35
27%
Antwerp (City) external 5s
1958
35
24
10-year i%s
20-year 3Vis
f
t
(U S of)
>■;
99%
112%
1941
J-D
1978
J-D
:
♦57
1957
♦59
—
1979
A-O
—-i'■
J-D
1952
1978
68
J-D
60
(Int reduced to 3.375%)
1979
Bxternal $ bonds of 1944 (Plan B)~
3%a Series No. 1..
647a
J
•
:
rj...
'
62
64
'..Vv
,.
65%
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HARL MARKS &
:
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FOREIGN SECURITIES SPECIALISTS
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page
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s
i
see
~9%
82
2474
II
M-N
footnotes
o
FIRM TRADING
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1961
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For
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23
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1959
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i
2
.
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..
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1951
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s
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.—1977
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Panama (Republic)—
58
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f
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1957
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series.—
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27
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1955
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s
s
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1955
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s
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1940
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P-A
1948
lAAntlquU (Dept) coll 7s A
I960-'
Bxternal gold 5%a
1947
(King of Norway) 4s
to
Monday, March 3, 1947
FINANCIAL CHRONICLE
THE COMMERCIAL &
NEW YORK BOND RECORD
RANGE
Interest
BONDS
York
New
Period
Exchange
Stock
Friday
Last
January 1
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.
of
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33
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14
16%-17
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1965
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of 1937)—
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1960
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1960
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,
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26
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77
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15
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i A Mobile Div 1st gold 5s_...;
1946
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119
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1946
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1965
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60
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55
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113
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1956
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96
106
104%
3
"f"; -1'
J-D
Celotex Corp 3%s debs:
A Cent Branch U P 1st
gold 4s
1958
4-4y4-4%s extl readjustment
3%s extl readjustment
A4%s
65
10%
.
J-J
"
1123/4
1970
19$5
Carolina Clinch & Ohio 4s_^
6c Adir 1st gtd gold 4s
10
Af-N
1958
J-J
Central Illinois
Af-N
1962
1957
50
]'!;'>'
54
76 Va
A-0
1962
External readjustment.—.*—1979
External conversion
1979
3%-4yg 4 As extl conv
1978
(City)
55
"
86%
{
,
1
.
,
1962
*112
94
105
8 ~
*1065/a
A-O
Cart
.
/ 55
extl 7s___
fund
,
54"
2004
'
103
18
105% 105%
105%
J-D
*Octl969
5s
95%
105%
M-N
gold 4yas
Celanese Corp 3s
9
jy
f.-i
1978
67
54
1
64%
62
(Kingdom)—
a3%s-4-4%% ($ bonds
AWarsaw
*59%
M-S
1940
.AExternal sink fund
,
Guaranteed
;
**
1968
assented!
assented
34
64
mm**
62
1956
39
101%
68
Can Pac
54
A*tajguay (Republic) extl 8s
13
1
70
62
Sydney County Council 3%s—
I
31 Va
61
mmm0
t
"54""
Stamped pursuant to Plan A
(Int reduced to 3.5%)
gold
..
61
61
j-j
:_1976
*.*..1974
gold 4%s
Guaranteed gold 4y2s
.
42%
*34
7-j
j-j
7s
1st 3s
Guaranty gold 5S-,
j-J
Stamped pursuant to Plan A
(Int reduced to 2%)
Power
Guaranteed
95%
105
1960
Canada Southern cons gtd 5s A
Canadian National gold 4y2s
■>;
1950
A4%s
8
1955
5s gtd
Guaranteed
2012
A6s extl dollar loan
5s
Elec
101%
1952
Calif Oregon Power 3yas
397/a.
Stamped pursuant to Plan A
(Int reduced to 2.5%)
*.1999
(Prov of)
101% 102
High
327/a
;
—.
4s
*
AF-~N
1936
Stamped pursuant to Plan A
(Int reduced to 2.25%)
of deposit,
1st
*35
1957
A 7a extl water loan
Consolidated
•
■
*37
Af-N
1952
A8s external
;
*31
Stamped pursuant to Plan A
(Int reduced to 2.5%)——1999
A Silesia
Silesia
12
Low
39 ;■
*30%
*
2001
8s
Serbs Croats 6c Slovenes
A8s secured external
A 7s series B sec
extl
38
No.
32
38%
Terminal
Bush Term Bldgs
-2004
2.25%)
Stamped pursuant to Plan A
(Int reduced to 2%)
f
Range Since
January I
Sold
36%
A-O
1934
A Certificates
Bush
•
—1966
to Plan A
2.25%)—^.2004
1867
to Plan A
(Int reduced to 2.375%)
A6Vis extl secured s f
s
Bonds
High,
39
33
37
,
(City) 8s
Stamped pursuant to Plan A
IA Secured
Friday's
30%
*31
1968
lASan Paulo
(State)
or
Bid & Asked
'
'
IA San Paulo
Sale Price
Exchange
J A 1st &c Coll 5s
33%
40%
1999
Sniped pursuant to Plan A
(Int reduced to 2%)
external lostn of
Last
Period
Low
40%
♦37.;-
A-0
40%
33 y4
.1940
1921.
Stamped pursuant
(Int reduced to
A 78 municipal loan
Stamped pursuant
(Int reduced to
Stock
JBurllngton Cedar Rap 6c Nor—
Stamped pursuant to Plan A
(Int reduced to 2,5%)
Js external sink fund gold
A7s
York
High
Low
No.
High
New
Interest
.V>-:
BONDS
Range Since
Bonds
Friday's
Bid & Asked
or
Sale Price
Week's Range
Friday
Week's Range
: >!.
Low
extl loan
FEBRUARY 28
ENDING
(State of)—
Klo Grande do Sul
A8s
WEEK
FOR
*104'
104%
140%
142%
6
105%
107
105%
107%
106 %
:
107 Va
126 V#
.1989
J-J
*127
130
1989
J-J
a-0
124
43
124
1949
j-J
114% 114%
cons
41
45
128 Va
124
gold 4s
2d consol gold 4s
t A Chicago & Alton fcR ref 3s
and industrial companies
4
106
107"
rl07
103% 104
'•4
142% 142%
M-N
F-4
*
**
124
46
37
Chicago Burlington 6c Quincy RR—
Adams Express coll tr
gold 4s
Coll trust 4s Of 1907
Alabama
Af-S
1947
J-D
5100 y4100%
100%
100 M
1967
M-N
*104
104
104
1972
Southern 3y4s
Power 1st mtge 3%s
Alabama
J-J
Albany & Susquehanna RR 4Vis—1975
Alleghany 6c West 1st gtd 4s
1998
Allls-Chalmers Mfg
Am 6c
2s
104
t *99
H01%
.98%
*100% 101'/a
100%
101%
2030
Af-S
A-O
32
107% 1073/4
1073/4
conv
debentures
debentures
2%s
I
"
II '
conv
101
1013/4
J-J
Amer Tobacco Co deb
k
3s
1
1961
A Anglo-Chilean
Nitrate
104
105%
1967
Jan
4s
Adjustment gold
Stamped 4s
deb
Q-J
MM
1st
1995
4s
July 11995
-July 11995
Line
NOV
130
■
—
97%
M M
129
MM
116%
64% %
63%
64 Vi
66
57
64%
J-J
44-
43%
45%
101
38'
45 Va
J-J
97%
97%
98
Milw
St
116%
inc
conv
106 ."107%
106
109%
109 % 109%
105%
A Jan
1
35%
f
28 %
26
102%
.26
102% 103%
102%
4s
1995
to
*
due
2000
Ref 6c gen ser F (Int at
1* to
Sep 1 1946) due
1996
A-O
OdVi 100 Vi
.
due
Feb 11960
Pgh L E 6c W Va System— *
Ref gold 4s extended to
1951
S'west Dlv 1st M (Int at
3%%
to Jan 1 1947) due
1950
a"
:
A-0
4s stamped—
98% 100 '•
J-D
67%
J-D
67
V
v
70
V"
&
f
Stamped modified (interest
3% to May 1, 1947) due
footnotes
M 2%-4%s
2%-4%s..l
66
**
J-D
.!
..
67
59
13
.
80%
78 Vi
V! 53%
115
-53%!.!;!!/!
.49,
.72%
545
44
53
57.
.21%
.:
24
•48%
176
,
...
27%
102%
*98%.
99% 99%
"mm v
57%
2l3/4
318
.
,
,
i
104
99%
*102% 105.
.
J-D
100
mm
1
>
1994
*92
j-j
j-j
91
..
85
93%
80
92%
843/4
843/4
85
1963
j-j
106% 106%
106"
1063/4
1963
j-j
105
105
103
105
108%'*
106%
108%
105%
107 Va
r'
343/i
1952
j-j
108%
1962
4s_**
conv
Gulf
&
80
*
J-D
.*.*1994
M-S
106% 107 Vi
^1943'
A-O
1957«
58——1952
cons
V.
A-0
^ A Debentures 5s part paid—".
tA'Choctaw Ok
*
67
76
,•* «
>
tlAChilds Go deb 5s part paid
84%
\
■
63
*
63
-s,
73%
61
57Va
469
M-N
•
Cine Gas & Eleo 1st mtge 2%s
Cincinnati Union Terminal—
,34%
*
34%.34%
■„ 34
.
34%
Af-N
<
-
34 Vi
34
34 Va
75
76
71
;; 76%
:•*>
>^
.
59
93%
W
97
14
87%
13
J-J
95
95
39
91%
J-J-
97%
97%-
15
95%
J-J
99'%
99%
12
98%
1
Cleve Cln Chic
5s
98%
.
1;
'Cin Wab
St L
Div
Cleveland
6c
M
1970
1976
J-J
M-N
128% 128%
99
~
-
99
/•:
102% 102%
*102Vi 103
1967
MS
I1955
M-N
100% 100%
1961
A-O
*94 y4 106
i960
J-J
I960
/*—
88
M-N
F-A
100
Dlv
Elura
1st
42
101%
99
100 %
1st
103
103
'
100
s
s
^..1991
1990
J-J
Columbia
66
56%
66
Columbus & H V
42
:
•,
42
44
.
1950
F-A
1947
Af-N
1969
M-S
103% 103%
*106
&
104%
100%
lOl'/a
Conn Ry &
106%
107 %
J-J
101 Vi
101
103
t
Elec
100%
102%
Consolidated
103y4
102%
104
Consolidated
If-N
' ■
.r5,,
1023/^.1043/4
,
99
88
94 Va
109 VA
105 7/a
...
•\v
3
109%
108%
it,* 9
■;V-
*11;; 107%
108% 108%
4-6
A-0
16
"125
.
VF-4
,
;
*104
M-N
1973
...
'
%
106%
106
,..105% 106 Va
108%
107Vi
107
■
,
106
105
•
109
J07 Va
V4j 106%
V
:
-71
debs—1971
1st extl gold 4S..1948
El 3 Vis.
1970
1
.1955
1st mtge 3s series
L
—*—1977
L 1st 6c ref 4%S—*..1951
s
Cigar
f 3%s A.—1961
Corp
3Vis..
Edisoh "of New
debentures..—
3%s
debentures
1965
Yerk—
58%"
Af-N
58
M-S
*106%
63 Va
55
A-0
•
103
1053/a
106%
109
110 Va
Vi,/...
M-S
*110% 110%
F-A
Va
*114%
F-A
108% 109%
J-J
*108
F-A
*105% 106 Va
103
103 Va,
105%
108
103
103 %
100 %
A-0
,
1948
debentures
3%s
69
t
81 ;*
76 Vi
94%
108
3Vis
3Vis
at
1957
12
v:.!t,
97
/
76
106%
1st extl 4s
Conn River Powr
__
100% 100%
*107%
If-N
V
r/^2
Commonwealth Edison Co—
103%
'•
.
109
A-O
Columbus 6c Sou Ohio
Gas
Columbus 6c Tol
Af-N
104%""
98
"
96%
91%
109%
M-N
A-O
4Vis (stamped modified) --*-**..1980
96 %
^ "79
*.*—1977
f 5s series B gtd
f 4 Vis series C_1
877/a
79%
J-J
.
Colorado & Southern Ry—
104
a
112%
115
*105
J-D
1970
4s
3s
88%
-
65 Va
*
101%
1st
112%
88
97
J-D
J-J
Pittsburgh RR
:
Series C 3Vis gtd
*1948
deries D 3%s gtd-.—.
,
1950
Cleve Short Line 1st gtd 4Vis—1961
Cleve Union Term gtd 5%s——1972
;
i
87
j-d
1977
Cleveland 6c
♦100
104 %
104%
j-d
..1993
....
Series E
1st coll tr gold 4s
Elec
*113%
F-4
*****.1993
series B
^Ref 6c impt 4 Vis
'i 96
100
gold 4s***
General
"-
-
>
St Louis Ry—
6c
General
...
**^-.104% 105
*104% 104%..,
F-A
>•••!»
City Ice 6c Fuel 2%s debs ..**.*..1966
City Investing Co 4s debs__._..-..1061
86% .89
1959
v
A-O
1975
>
1st mtge «td 3%« series E..^.J969
1st mtge 2%a ser G
......1974
s
73%
49%.
96%
mtge 2%s
—1976
Buffalo Niagara El 1st
mtge 2%a. 1975
Buffalo Rochester &
Pgh Ry
For
l;i
86%
Gen
..
75
.95%
July 1970
L 1st 4s
1955
deb«mturea
MM
78%
1934
1951
ref
Chic 6c West Indiana
74
J-J
AInc mtge 4 Vis ser A
Bklyn Union Gas 6s series A
f-a
1951
gold 4s
Chicago Union Station—
1st mtge 3Vis series F
1st mtge 2%s ser G
.
70%
Af-N
Bklyn Edison cons M 3%s
Bklyn Union El 1st gold 5s
101 Va
23 Ve
101
63%
58
54%
A-0
•
-
67
1960
*
94%
94
81%
Af-S
1961
1st gold 4%s series JJ
1st mtge 4s series RR
83%
100 V*
*
...
1st 6c ref 4%s series D
119
F-A
Beneficial Indus
tABoston 6c N Y Air
101
lYtyVv.*/
A-O
Boston 6c Maine 1st 5s A C
1st M 5s series ec
78%
7
-
53%
Sold 3%s—
[emphis Dlv01st
;
:
35
'
70%
;i *79%
Af-S
1951
Loan 2Vis—
Bethlehem Steel Corp—
Cons mtge 2%s ser I
Cons mtge 2%s ser J
191
M-s
.
Beech Creek Extension 1st 3Vis
Bell Telephone of Pa 5s series C
(
95%
1951
Con ref 4s
t
74
1951
Toledo Cin Dlv ref 4s A
Bangor 6c Aroostook RR—
78% 80
101% 101%
.Af-N
deposit.
.
.
AConv
78%
,
Ref 6c gen ser D (int at
1%
Sep 1 1946)
883/4
64%
1952
103%
,,
-
82 3/4
56%
50".
of
IA Secured 4%s series A
>;
Ref 6c gen ser C (Int
at 1%%
to Dec 1 1946) due
99
175
A-0
1st
July 1943
84V4
60%
J-J
*1988
*
lARefunding gold 4s
Income
Stamped modified bonds—
1st mtge gold
(Int at 4% to
Oct 1 1946) due
July 1948
Ref 6c gen ser A (Int at 1
% to
Dec 1 1946) due
1995
83 Va
58
1
1989
Chicago Terre Haute & S'eastern Ry
Baltimore 6c Ohio RR—
1st mtge gold 4a
833/4
AConv gold 4Vis.
J
*.*1960
Chicago St L & New Orleans 5s
1951
41
25
J-J
r
59%
mm
106107
-
99
105%
Apr
2044
iric 4%s__Jan 11999
conv
105 Va
Apr
Apr
1 2019
Jan
97%
30
105% 105 7/a "
J-J
J-J
109%
39 Va
39
j-j
ser
B
7
■
v<
.
107%
J-D
J-J
85
'
.
1994
ser
A Certificates
106
1964
RR—
tJAChicago ^Railways 1st 5s stpd
'
25% partial redemption
1927
^Chicago Rock Island 6c Pacific Ry— »
119%
M-S
Ry 1st 48—1948
Second mortgage 4s
1948
Atlantic Refining 2%s debs
1968
6c Pac
4s ser A
AGeneral
Danville
Paul
Gen mtge 4Vis inc
116%
12
M -N
6c
140
J-3
Chicago & North Western Ry—
131%
1963
General unified 4%s A
88%
84%
138
56 Va
1st mtge
95 %
Atlantic Coast 1st cons 4s—July 1952
Atlantic
Af-N
47
4 %&
33
'•••">
106% 107
42%
,•35 Va
j-j
1985
j-j
mtge 4%s
2nd mtge
119
118
104
100%
983/4
Jan 12038
AGen inc
99
'1\ '
130%
*116%
V
1183/4
114%
102
80
Ry—
mortgage 3%s
1997
*
1st mtge 3s ser B
130%
1127/a
■-
99%
t
'
A-0
M-N
98%
*.
Af-N
106 ya
94
\
;
115
103% 103%
,
J-J
Chic
105%
105%
..
101
*95
■
F-4
1982
i'-V- >"'>
♦97% 100
X
104
15
104%
*114*
F-A
F-A
1970
1988
"\lr
1
Charlotte Air
26
105% 106
—1995
General
6c
119%
104 3/a
'
Atlanta
100 %
116-
A-0
Atchison Topeka & Santa Fe—
1
78%
933
A-O
Ann Arbor 1st gold 4s
|
127
1969
197T
1985
Chicago Ind 6c Sou 50-year 4s...*1956
103%
983/4
98 'A
116%
B
X Chicago Ind & Louisville Ry—
A 1st mtge 4s inc ser
A_.
...1983
A 2d mtge 4% inc ser A_.
.2003
103%
101%
116% 119%
98%
J-D
*—1962
3s
debentures
101
49
101% 102
1986
debentures
91
130%
101
series
114%
112 Va
133%
101%
F-A
4Vis
Chicago Gt West 1st 4s series A
.
129
7
A-0
108%
107%
1
,
129
1975
debentures
2%s
M-S
_____1980
2%s debentures
2%s
.'
1956
-
ref
Chicago & pastern 111 RR—
■'i AGen mtge inc (conv)
1st mtge 3%s ser B
Chicago 6c Erie 1st gold 5s
100
M-S
6c
1st & ref mtge 2%s
107 r
*105% 110
A-O
1956
debs
Foreign Pow deb 58
1st
1958
1st 6c ref mtge 3%s
>.
109%
107%
107% 107%
American Telephone 6c
Telegraph Co.
3s
100%
100%
100% 100%
1848
Great
General 4s
....
;
A-0
100% 100%
1956
A-0
102
J-J
104% 104%
.1958
102 Va
102
'
103 Va
103%
104%
102
,
Volume 165
Number 4573
f
;the commercial & financial chronicle
NEW YORK BOND RECORD
RANGE
Friday
BONDS
York
New
Interest
Stock< Exchange
or
Sale Price
A Debenture
4s
A Debenture
4s
1854
,,
1955
J-J
.
'
_—..1056
1st
Power
Consumers
Baking 3s debs
Crucible Steel-1st mtge 3VsS
Continental
1965
J-J
C-
104 Vi 105 Vi
-
J-J
/
'
M-N V
J-D
101 Vi
-
103 »A
51
.
_
j-n'/f'
1946
J-D
V
",' V
•
42 Vi
.
'
37 Vi
8
41 Va
106 V4
•: 103
Last
Week's Range
or Friday's
Period
Sale Price
Bid & Asked
Exchange
101
%
85 Va
44%
43 Va
12
86 Va
42 Vi
V— 8
-
5lVs
44%
44 Vi
•
44%
"J-D
95
87
-
44 Vi
-
•
:
44 Vi
1965
J-D
1965
Deere & Co. 2%s debs
extended—19 63
Delaware* .Lack Ac West RR Co—
'
>
N Y Lack & Western div
1st
/'
& ref
A income
,
Morris &
:
Coll
.
M 5s
C
ser
mtge
Delaware
Power
5 Alst
oonsol 4s
1936
;
108 Ve
t 5s
s
58%
I'.
"
'Yv
■
J-J
-
59'A;61%:
61%
'$*'
Gen & ref
•
63'/a
63 Va
V-D
j^r
59%
54 Va
—1965
A-0
10.7 J/a
1966
MS
106'A 106 Va
\
5%
-,a%.v 6;,y.;
.•
54'A
gold
1970
J-D
*65
J-D
!
101
J-J
M-N
21%
30
,
54 Va
51;
59%
54%
54 Vi
52
.
.
,
A-O
101
Jf-H
102'/a 102 Va
J-J
/
1
3
•:
101
59 Va
99%
101%
102 Vs
99% 103
101%
100 %
101 Va
? •'
104 Va
104
105
*104
103% 104'A
A-0
*104
J-J
*122
J-J
1961
J-J
unguaranteed—.—..—.1961
54
!
92 J/a
68 J/a
65
65
198
107
107
112'/a
J-J
102 Va 102 Vi
112 J/a
102 J/a 102 »/a
A-O
181% 185
180
185
A-O
104% 104%
1989
US
*112%
—
104%
105 V4
2%
2%
37/a
103'A 103 »/a
101%
103%
94%
100 >/4
122
1964
Kings County E1L & P 6s
Koppers Co 1st intge 3s
fAKreuger Si ToU 5s ctfs
109 »A
*„ LV
104'A
122
Va 126
104.
199*7
Plain
4Vis
65
103'A
104,
;; 107
J-J
—
104 J/a-
104%
1U4% 104%
A-0
■
108%
52%
1978
A-O
109 Va
101 Va
■!! ! 4VY
31%
58
.
*104
J-D
•
42
35%
103 Va
Kentucky Central gold 4s_.
;._1987
Kentucky & Ind Term 4VaS*
.*1961
Stamped
——
1961
18
105% 106 Va
93
..
103
103
104
103
A-o
Light 2%s
-
104 V
101
90%
91'A
*104% 104%
mtge 4s ser A
.*1975
Kansas City Terminal Ry 2%s—.1974
8 'A
•
107%
n
91'A
if-8
Kansas City Power &
108%
y
J-D
vJ-J
Kansas City Southern Ry 1st 3a._ 1950
"* 1st
•8V4
106'A
-
>
Kanawha Si Mich 1st gtd gold 4sl.19QO
;/ 537/a
m
i.
J901
>
21
:
.1059
66'/a
62%
93 :
34
105%
*
-l
r
52%
92'/a
J-J
f§ADul Sou Shore & Atl gold 5S—1937
26
65%
Va
107 Vs
>
108% 108%
Af-S
Duquesne Light 1st M 3s
1965
53
.1976
60 Vi
68
52%
Af-N
V 5
/.
-
108,! 108 J/4
J-D
4s
24 Ve
J-J
] Jones & Laughlin Steel 3V«ft—
W 68'A
-5J/I
'
:
39
107%
gold 43.1995
Detroit Term & Tunnel 4Vis
i.1961
Det Tol & Ironton RR 2% ser BL.1976
Dow Chemical 2,35s
1961
59
/-■ \t> 98
57%
£1995
& Mackinac 1st lien
ASecond
.
A-O
4J-J
i
98
55%
62
97%
109%
5 8'/a
'r'
"36
A-O
Gen & ref 3s series H
Detroit
•
1
•mm•
62%
108
73
..32
:"e'
5%
6 ^
1978
F
58
53%
.
11
65%
F-A
mtge 3%s series G
90
53
Y-v
27
'•!
S
Detroit Edison 4s series
i
101 J/a
97%
83
I/
"
/;21
"
64 Va
F-A
ARef & impt 5s series B
100'/a
'*
105
94 Ve
>
'
'
108 Va 108'/a-
6i v»-
1955
j
104
39
"
—;—
1
PS;;'- A Assented:.
,•
J-J
98%
19
■
1
,
'
"4
—
—
'57Va.
"•
60 ■.>
A-0
85. Va
I
^
95% -97
58 Va
'
98
9IV2
82 V4
99 Va
1001/a
.....1950
Jersey Central Pow Si St 2%S;
Af-N
gold 4VaS
1936
^Denver Si Rio Grande Western RR—
AGeneral
*103Va
f
Light 38——1973
'103% '104%
91'A
85 J/a
lv
A--, \r
Adjustment 6s series A__.July 1852
"James Frankl Sc Clear 1st 4ft—
12042
{AConsol
.•!
'
*88 »A
^Denver & Rio Grande RR—
>
10 'v
36
-
'
__
95%
M-N
?
■
V4 103 V4
104% 104%
1993
due
1—May
&
!
M-N
1973
Essex division-
tr 4-6s-
•' 103
A-O
Delaware & Hudson 4s
1
103 y4
,
Highr
23
1
*101% 104'/a
Alst gold 5s series C_—.—^-a1956
lAInternat Hydro El deb 6s
1944
Ink Rys Cent Amer 1st 5sB-. v.,. «1972
{.
A-0
Low
'
1952
Alst 5s series B.
W/.v
1678
January 1
No.
82 V»
100
J-J
'
i
Dayton Pr <Sc Lt 1st mtge 2%s
Dayton Union Ry 3V«s series B
Range Since
Sold
88%
82%
,
,
1970
Alst 6s series A_
A
92%
J-D
1963
.-1950
Indianapolis Union Ry Co—
r
Ref & imp 2V2s ser C
1986
^International Great Northern RR—
,>
62 Vs
43 Va
85Vi
J-D
-^1963
:
1st ref mtge 4s ser D_
.....
Illinois Terminal Ry 4s ser A
Ind 111 Si Iowa 1st gold 4ft ,,
48 Va
re-'
.v'y
...1963
1st Si ref 4 Vis series C_
"•
61
,
1st ref 5s series A
Joint
Va
International Tel & Tel 4VaS—_._1952
.
Bonds
High
<D1 Ccr.t and Chic St L As N O—
104
101 Vi
>
42 Vi
44^8
42
36Vi
4
5lVs''
85Vi
v
'
Interest
Stock
Low
43
y 104
Vi
10
; v 35
i
'
103 s
.
J-J
1946
York
High
35%
Jj:
■■
101 Vi 101 7/a ■:
*62
64Vi
-
V v,
,
;1952
.
Low
*2"'
*_..v;A42%
39 Vi .39 Vi
k'
—
1966
,
39'/a
105
1942
gACuba Northern Ry 1st 5%s
A Deposit receipts
ACuba RR 1st 5s gold
A Deposit
receipts.I-;... A7Vas ser. A deposit rets
A 6s ser B deposit rets
No.
New
*
'
-
28
BONDS
Range Since
January 1
Sold
High
39 Vi
M-S
.;
Bonds
:h
'
J-J
mtge 27/es__1975
FEBRUARY
Friday
Friday's
Bid & Asked
Low
jAConaol Ry non-conv deb 4a
ENDING
Week's Range
'Last
Period
WEEK
FOR
36'
,
107%
105%
y
;
y
J-D
Lake Sh & Mich Sou gold 3 Vis—.1997
1907
3VaS registered-
1:.,Y
i
'
2%
103%
J-D
98%
98 Va
98
99 >/a
DM
80
81 Va
80
88
A-0
*99
100'A
F-A
*100%
Lautaro Nitrate Co Ltd—
JIast Tenn Va & Ga Div 1st 5s
Ed El 111 (NY) 1st cons gold 5s
Elgin Joliet & East Ry 3 Vis
1995
*121
J-J
.*155
1970
'
Af-S
1965
*
stamped__l
M-N
A-O
1965
El Paso & S W 1st 5S
5s
..1956
A-O
•?
!
122
f-Y
105'/a
V.
•,7v'/
112
'Gen
mtge
series A_—2015
JT-J
1st
mtge 3 Vis
ser E
1964
A-0
cons
mtge 3%s
ser F_
1990
J-J
1st
cons
mtge 3Vis ser G
2000
J-J
1st
%'
cons
1st
cons
1953
Af-S
1971
75
M-S
Ohio
2s
Div
H
ser
1st
i
mtge 3ViS—
*92 Va
*105
i.1954
1st Si ref sink fund 5s—.
•a5s
75
102-
1>
f*
1
1974
94 Vs
92
lOff
1st & ref sink fund 5s—
i
102
93
5s
5s
stamped
100 J/4
105%
Lehigh Valley N Y 4>/aS ext
Lehigh Valley RR—
'I
•
" 87
86 Va
86 >/a
87
i * 83 Va
■
87
85
85'A
84%
87
71%
,
F-A
.1954
Leh Val Harbor Term gtd 5s
105 Va
"
86%
74%
69
76
80
75 J/a
82
94
100 J/4
—
Y-k
1974
—-
101
86%
86 Va
-1964
■
100%
100 J/4
86%
M
.1964
stamped_-v—i*—
81
101'A 101%
100%
*100% 102'A
.1954
stamped !__!
1st & ref sink fund 5s__.
92
,
■:
■
'•/•■Tr.
94
92
,
113
Y
-
i
44
79'A
103%
*102
105%
112 Va
112
".
1
,••'"/,/
4Vis
inc
6
•?
Erie Railroad Co—
•
105%
109 7/a
—
111% 112%
112
Alst mtge income reg1975
Lehigh Coal & Navigation Co—
S F mtge 3Vas ser A
..1970
Lehigh Valley Coal Co—»
>
121
120 Va
>/:
ikVT&A
*76
J-J
1950
Jf-N
40'A
■V/'fc 42 Va
42%
39 J/a
-45%
..37%
44 %
38%
Jf-N
4s stamped modified
.2003
4s registered:
—.——2003
4Vis stamped modified.^..—„2003
41%
35'A
*36
.
Firestone Tire & Rub 3s- deb—
^Florida East Coast 1st 4%8_.
1961
Alst & ref 5s series A*——
A Certificates of
v..
1974
deposit—.;
v
.
63
104%
102
•
-
'
64
y
36
105%
lOO »/a
-V
101
63
-
.
65
•
Francisco Sugar coll trust 6s
;
1956
^
'x-
*105Vs 105 y4
*ioi
-1959
VV105
105% 105%
•.
>
v v
r, /..
:
72%
65%
.
,
106
*
i
'//
••
j •i
4Vis registered
—
modified
*41 Va
200.1
1—5
i
:
ii-
:
iV"..
iV
r
*
' '
,
y
:■<
'■
■
?
Gas <fc Elec of
Berg Co cons 5s
1949
Realty & Utilities Corp—
General
A 4s conv Inc debs
1969
s.
Goodrich
(B F) Co 1st mtge 2%s.l965
Grays Point Term 1st gtd 5S
1947
Great Northern Ry Co—
♦102V8
J-D
105% 105%
—
M-S
.
Af-N
79
t
v70%
*101 Vi
J-D
22
J-J
128 Va
4VaS. series E^
Gen mtge 3VaS
Gen mtge 3%s
J-J
106
'
ADebentures ctfs
B.
106
16
102
1982
J-J
ig 89%
1961
J-J
Jf-fl
M-S
7
89
1969
103%
103% 103%
103% 103%
:
104
115%
115
115%
105 Va
104 J/a
105'%
107 Va 107 Va
107
107 Va
*107% 108%
107
108%
97
98 J/4
'fA-v
115
!
Va
8V4
13
i *60Va
81
8
J-J
*102 V4
J-J
.86
'
69 Va
;
68%
■
9
102 Va
97%
•
*103V«
Jf-K
!,
103'A 103 J/4
111% 111%
• —
*112
.
118
86 >/a
35
;/4
61 J/a
r~:.
j-D
105% 106 'A
*106
Jf-N
102
102
F-A
1951
M-S
1953
Jf-N
*
•
21
&
VaS
25%
.
102%
103 V4 107
94%
93 Va
109 J/a
93%
US
%v
55
A-O
Marie—
mtge 4%a inc ser A
Jan 1971
1st
Household Finance Corp 2%s
—1970
Hudson Coal 1st s f 5s series A—.1962
Hudson Co Gas 1st gold SSul..—.1949
Hudson St Manhattan 1st 5s' A—.1957
AAdj
income 5s
Feb 1957
J-J
y
56
49
102
102
80 "/■
80%
-
58 Va
•.
.58
;
18%
2lVa
•
11
2iJ/a
-
86 Va
,
109%
80 Ve
.61
112
,
86 Va
18%
'
I 89%
4
23 Va
A-O
..1973
1st
gold
:
^1951
J-J
*104Va
1951
J-J
*101%
Extended 1st gold 3 Vis^.__.^....1951
'1st
3s
Refunding
sterling..
gold 4s
4s_
1981
V
A-O
.1955
M-N
.——1952
99 Va
M-N
1955
M-N
1966
F-A
*.
1
Cairo Bridge gold 4s
Litchfield Div 1st gold
99%
98 Va
98,
■
"<
•• v,
99Va
102
96
100 %
-
78Va
108
84%
series A—...—;_.1955
Constr M 4VaS series B—
1955
Mourttain States Tel & Tel 2%s—1986
Mutual Fuel Gas 1st gtd 5s
1947
Constr
96
85%
82%
8 6 J/a
73%
77
73
82'/a
77'A
77 Va
77V4
85
32'A
35
32'A
39%
77'A
77%
80'A
77%
85
84 Va
:|y
77%
M-N
K-N
V-
.
80 '/a
27
25 Va
28 Va
21
84%
85
'
,':V
77 Vs
80%
77 Va
77%
77'A
80 J/4
77'A
77
77
M ,5s
32
74%
78
105%
106
>100% 100%
102
103
>103
J/4 103%
103
60
61%
57
70%
69
721/2
65
61%
68
99%
99%
M-S
F-A
'
77 Va
A-O
F-A
77 Va
77'A
106
;;
J-J
M-N
,•
M-N
-69%
64
M-N
99%
Jf-8
*—
M-N
.
105% 106/-
J-D
,
104Va
!
8
ext__.j.—1951
Si Co 3s debs„._—1958
Morris Si Essex 1st gtd 3V28.^
2000
'
88 "
80 Va
84
i.
r
Morrell. (John)
100 J/a
100 Va
102% 10
80%
;•«
Montreal Tramways 5s
101%
96%
>
98'
J-J
.—.1953
•> S-. y
gtd bold 4s—1991
Monongahela Ry 3'As series B
1960
*6S%
ulOOVa 101
i'i 97
99
.'
Refunding 5s
40-year 4%S_
..
5s series F
Moh'k Si Malone 1st
*101
Af-S
*1952
trust
Purchased lines 3Vis_vCollateral trust gold 4s
.
A-O
-
-
gold
Collateral
*
lOfy 104%
90
89
r
33%
'
Jf-8
v
4s
1st gold 3 Vis
95 J/4
77%
"; 75
%
■
J-J
58%
87%
88
■
.
Jf-8
^.£.^..1977
Alst & ref 5s series G
1978
A Conv gold 5 VaS
'—-_^.w.j—_1949
Alst & ref gold 5s series H
1980
Alst Si ref 5s series I
.1981
Alst Ss ref
1981
49
'
F-A
1965
A 1st Si ret 5a series Al
AGeneral 4s
Illinois Bell Telep 2%s series A
Illinois Central. RR—
94%
58
*88%
88%
'
J-J
4*';
97
97
89%s
'
J-J
■
56
84;
J-J
40-year 4s series', B—
...1962
Prior lien 4%s series •D_.i^-^__1978
A Cum adjust 5s series A
Jan 1967
^Missouri Pacific RR Co—
,•
95
55%
95
56
;
103 J/a
110 Va
87%
'"i
J-J
J-D
.
102%
109%
1
—
60%:
82
1397/s
89 Va
87
40;
82 Ve
v
*109'/a
M-N
A-O
100 Va
87%
M-N
F-A
&2
"16
139 Va 139 Va
139 Va
139 %
J-J
AGen mtge 4s inc ser A
.Jan 1991
Mo Kansas Si Texas 1st 4s
1990
; Missouri-Kansas-Texas RR—y'
Prior lien 5o series A
1962
,
100%- 101%
<-
'
J-J
J-D
3
101% 101%
26 J/a
110% 110%
J-J
impt
Minn St Paul & Sault Ste
Af-S
102
101
26
*100%
—
1979
4V2S series C—•
Michigan Cons-Gas 1st mtge 3Vis 1969
ti AMidland of N J 1st ext 5s_^., 1940
7
93
103%
103
103
A-O
Ref
*
93
103
1938
1st gold 3
72 Va
90%
*72 Va 100
4s_
Side El (Chic)
Michigan Central—
Jack Lans & Sag 3VaS
100 Ve' 101%
-
92%
92%
Jf-N
77%
102
101
101
*__
M-N
71 J/4
76%
76%
76%
1950
t§AMet West
101%
100
h
153
70 Va
y
J-D
Metrop Wat Sew & Drain 5V2S—
104
102%
84
<. '■
J-D
1966
1st mtge 3s
Metropolitan Edison 1st mtge 2%s 1974
'
101
:
:
104%
8G
V
*100V4 100%
Af-N
1955
97
97
Jf-8
Mead Corp
64
,8
**: 9
•101'/a 101%
101 Va
A-0
/ 62
^
104
104
A-0
...1980
2d gold 3s^
Div
r
A-O
A-0
1960
1954
coll 4s ser B
Manati Sugar 4s sink fund—Feb 1 1957
A Manila RR (Southern Lines) 4s_ 1959
99
'
Hackensack Water 1st mtge 2%S—1976
Hocking Valley Ry 1st 4VaS
1999
liAJHousatonic Ry cons gold 5s_—1937
104
103%
115
*105
w
F-A
1st mtge Si
91
97
98
Feb
1976
103%
MS
Maine Central RR 4Vis ser A
98Va
3
90
S8V2
2044
96 J/a
12
98
■
1st Si ref 3%s series D
.
1037/8
*99
Feb
mtge inc 4s ser B wi
Gulf States Utll 1st M 2%s
St Louis
104 J/4
2010
U; Gen
/
104%
101
97%
1959
*118
M-N
-106%
J-J
Gulf Mobile & Ohio 4s series B
1975
Gen mtge inc 5s series A———2018
h
■s
1
J-J
Greyhound Corp 3s debs
114'A 116
132
128%
106
J-J
.
128%
—
126% 129
2000
—
80
128 J/a
117%
5
103Va 104
128 Vi
103 Va
115%
131
10
132
:—1990
0_
mtge 2%s ser P
Gen mtge 2%s ser Q
Gen mtge 2V4S ser R
A Green
Bay & West deb ctfs A
.V
6
116% 116 V4
132
N
52%
74'/a
tt
*114% 116
:
Atl Knox & Cine Div 4s_
J-J
ser
.
103 Va
101% 101%
—
J-J
ser
102%
>
■
5Vis series B.——1952
5s series C
1973
General 4VaS series D
——1976
Gen
82/
77
5
102% 103
103
General
-1977
43.
46%
80
,
General
-.
:
!
50 Va
78 Va
*127%
■
A-O
A-O
—1963
Louisville Gas & Elec 3V2S:—.—1966
Louisville 81 Nashville RR—.
•
1st Si ref M 33/bs series F_
—2003
1st Si ref M 2%s ser G__
2003
debentures
3s
38
-
48 Va
/;
•
A-O
,
•
46
"
if-N
-2003
Lehigh Valley Terminal Ry ext 58-1951
Lexington Si Eastern Ry 1st 5s_j.
1965
Liggett & Myers Tobacco 54
-.1951
Little Miami gen 4s series A
—1963
Long Island unified 4s_.!
i_.
1949
Guaranteed ref gold 4s
—1949
4s stamped
.—1940
Lorillard (P) Co deb 5s__.—;
1951.
8s stamped
j
4
103 Ve
lA
63
100 Va
105
108
1950
J-D
*107%
—
3s
1951
LouisvUle Div & Term gold 3Vis_1953
Omaha/Div 1st gold 3s
1951
J-J
*99 Vs
—
100 Va
99 Va 100
98 Va
100
F-A
*96% 100
97
100
St Louis Div Si Term
1951
J-J
*97%
1951
J-J
*98Va:'--
1951
J-J
*101
1951
F-A
.101 Va lOl'/a
gold 3s
Gold 3 Vis.
Springfield Div
Western Lines
Registered
For
1st gold 3Vis
1st
gold 4s_^.
V
see
page
1213,
97
100 Va
97
Nashville Chattanooga & St Loulft—
1st mtge 3s
ser B
'101 Vi 101%
; J;99
101%
1900
2%s debs-1970
National Steel 1st X£tge 3S___—1965
lANaugatuck RR 1st gold 4s
,
.1954
National Dairy Products
__
*100% 103
;
footnotes
J-J
97'A
103 %
98
103% 1037/a
,105iA 105 Va
*100
101
97'A
99%
103%
104
105
106 Ve
101
101
THE
Monday, March 3, 1947
COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK BOND RECORD
RANGE
WEEK ENDING FEBRUARY 28
FOR
■■i'
■
Friday
BONDS
-
Stock
York
New
Interest
Last
Week's Range
or Friday's
Period
1
Exchange
Sale Price
Bid & Asked
Low
■v
High
Low
No.
5s
1946
V
J-D
England RR gtd 5s
1945
1946
1959
;
J-J
Consol
It A New
Gas
oons
t A Consol gtd 4s—
Ibw England Tel A Tel 5s A
lit gtd 4%s series B._
N J Mmction RR gtd 1st 4s
New Jersey P A L 1st mtge 3s
Jf-M
-
J-J
..
!,
series
of
A 1st
5s
A 1st
5%s
105%:
17
1998
75
lmpt 4%s series A
impt 5s series O
2013
.77
2013
78
Cent A Hud River 3%s
1997
13
A
3%s
Lake
of
RR
series
registered
Shore
coll
York
1st mtge 3s
3
,73%
..
:
,
E
ser
75
Pittsburgh
•NY A Harlem gold
102 % 103
1965
101%
103
102% 103%
„1951
102%
103%
105 %
105%
106%
*105
1948
*106
is
-109
*105%
1949
3%s__________2000
*106
A
2043
B
2043
West
series
4s
series
A
79%
ref
1st
&
ref
A
ref
mtge
—
—
Vft 103% 104%
103% 104%
9 : 12 S
103% 103%
1948
trust
6s
: ;T,<t
*103% 108
1
*10% 11% ;
9%
9% 104% 104% ;
99% 99%
•y-iry y^m
.-'- Vf «■(p.,
.
70%
4s
1957
A ref 4Vis series of 1927—1967
l A Harlem River A Port Chester—
41%
ADebenture
17
A 1st
1st 4s
I954
AN Y Ont A West ref 4s„.June
1992
A General 4s..
1955
N Y Power A Light 1st
102% 104%
1
6
5
103% 103%
9% 14%
9% 11%
103% 104%
99% 99%
'—
-
115% 115%
—
,
*103%
<
—
—
__
y
—
*—
*—
*118
117
124%
121%
118
—
120 '.121%
—
118
.
1
.
118
117%
Wy 119%
J-D
d-O
A-0
C
117% 1173%
118% 120
1023/s 102%
—
VVV:':
*103
—
J-D
J-D
•
1
,
,
-
i •ts-5
—
_«
102% 102%
—
'
„
105% 101
105. 105
100%
J-J
117% 125%
118% 127%
102
103%
5
21
1
>
*lv *105
...
!
14
6
r .
—
100% 101%
/
104% 105%
'104% 105
—
J-D
-
-
-
-
-
-
*
—
-
d-O
A-O
J-D
f-A
J-D
J-D
J-J
•
'
.
.
-
■
Jf-I
15%
.15%
15%
105%
Jf-4
*97.
I960
J -J
*109%
109%
109%
*108% 109%
108%
108%
♦160
162
164
103%
1979
2037
2037
8s—
Jf-I
'• J-J
J-D
75
Reading, Co 1st A ref 3%s ser D..19M
Revere Copper A Brass 3%s
1960
tIARio Grande West 1st gold 4S..1839
^2W^!<f4W
12%
10%
5
14
4%
5%
102%
102% 103%
mtge 2%s_1975
104%
A 1st
105
Gen
106% 107
A coll trust 4s A
cons
Rochester
75
-
Gas
1st 3%s
gold
1963
1st ref 5s
A
Elec
1949
Corp—
A
ref 4Vis
3s
48%
1949
11%
11%
1941
12%
12%
15%
Ref
A
Ref
'
A;
A
1996
al35%
series A
Coll
*—
1st
1st
mtge
109% >,
1997
1st
110
72%
1978
'
38
43%
132%
126%
:
—
73%
191
100%
99% 100%
r
L77
113%
109 %
Bt. Lawr A Adir
j
109%
1974
1978
3%a
1964
ii
:
71%
76
:
1
68
72%
i
95%
7
100 %
103
101% 102'/a
47
101%
101% 102%
81
100%
;
102%
1st
..
v
;
*102% 103%
103%
103% 103%
12
106% 106%
8
-
104 Va
1
104 Va
1
105%
106%
inc
I
Bt Paul Union
.
2029
y
1999
ctfs
Nor 1989
1959
gold 5s series A....1990
gold 4S-1968
1941
cons
Depot 3VaS B
1971
Scioto V A N E 1st gtd 4s
1st
JOgdensburg & Lake Champlain Rv—
Line RR Co—
mtge 4s
1969
;
ser A
•
.'19
15
<
•
II1974
105%
1978
100%
102%
!
101
102%
i
105%
106%
100
..1999
AGen mtge 4%s ser A
1935
v
71
Seagram (Jos E) & Sons 2%s debs 1966
95%
mtge
2%s
Oregon-Washington RR
3s
set
1976
a!Zi960
107%
.
Shell Union Oil 2%s debs
tf ASilesian-Am Corp coll tr 7s
1971
Skelly Oil 2%a.debs
Socony-Vacuum Oil 2%s
1965
103 %
1975
993/4
South A Nor Ala RR gtd 5s
1st
Oklahoma Gas A Electric 2%s..
1965
Southern
Faclfio
Gas A
1st A
...
Electric Co—
V
;
ref
mtge 3%s series I
1st A ref mtge 3s series J_—
1st A ref M
1st A
3s
ref M 3s
series
A^ref. 2%s
Tel A Tel
274s debentures
Paducah A 111 1st
gold
inc
Pennsylvania
Gtd
4s
109
107%
109%
102% 102%
102%
10234
104%
cons
s
f
5s_1949
Consol
4s
Cons
sterl
stpd
sinking
4%s
General
5s
General
4%s
ctfs
*106 3/4
—
1948
dollar
fund
series
May 1 1948
4%s
series
I960
A
1905
Il968
IIl981
B
series
Peoples Gaa
Peoria
A
3%s
L
A
D
ser
C
1984
1662
f"~
ret
"*1988
6a
1947
Eastern 4s ext
AInrome 4s
For
footnotes
1st mtge
i960
Apr 1990
see
page
1213.
2%s
1st mtge
f
64%
"
107%
108
104%
104%
105
106%
■
-f
:
■
104
104%
v
1966
E
1996
99
-
.109
97
J3.j
; 97
109
104%
107%
1
<
tTl027/8 103% .K/::l<r--
101%
.
101
97%
102%
96
5
4<,
97
-
973/4
!
y
105% 106Va /j: :
\
91
'
,,
91
853/4,.
93y»
124%
' ,124% 125 V.
Id3/*
y
"101% 1023%
cons
Spokane Internet 1st gold 4%s
119%
104
Standard Oil
103 %
Sunray Oil Corp 27/as debs
120%
109%
98
100
v-*
1,1
% 105% 106% If
9
103% 103%
1989
V..
2013
RO .'»■
'
98 Va
' 78
"9
1
-J'52
1:
--
94% |
-89% v
94%i|
,
101%'1103% !-i
113%. 116
1]
118% 120
;
115% 116% «
6i05Va .105%. •
;,
66
RR
*105% 106 Va
I.
91
85%
v .92V4
.
,
''62'"122%'128: •'!
V"
105y4105%
14
9
„
91
102%: 104%
47
105
*
98% ' :99 Va
118 Va
115% 117%
115%
1093/a
118 Va
109% 110 Va
109%
115%
101% 101%
101%
1033/4
deb 2%s
99
101%
*101% 102%
1966
101%
125%
109% 111%
(N J)
97%
98%
'101
101
75%. 75%
*35
97%
_
37%
,101%
65%
34
101
Terminal RR Aasn of 0t Louis—
Ref A Imp M 4s ser C
Ref A
107%
3s deb
107
127%
1073/4
24
128%
104%
128%
105 Va
106 %
1073/4
Texas A New Orleans RR—
*95%
n:39
*128
*1043/4 105 Va
imp 2%s series D
Texas Corp
1st
<'
A
ref
M
3%s
ser
1st
A
ref
M
3%s
ser
C
102
B
53
*
55 -j
105% %
122%
109% 111%
119 Va 119%
,fJ *116'-':
1971
102%
103%
121% 1213/4
95
96%
70 .'
:
20
1114% 115
—
1966
103% 103%
-
17
91
85%
92V4
r
...
1961
G
10ln>102%
V
'ft*,">93>''
97%
97 .-.
j
'v 58
101%
96%
973/8
—
>
gold 5S.....1994
Devel A gen 4s series A
1956
Devel A gen 6s
1956
Devel A gen 6%s
,1956
Mem Div 1st gold 5s
1996
St Louis Div 1st gold 4a
1951
ser
1st
Southwestern Bell Tel 2%s debs
A
53
4
92V*
2%s
103%
100V4
.
Stand OU of CaUf 2%s debs
102% 103%
r
|
\
56%'
1950
2%s series F
ser
99 Va
93
80
'
.
Co—
RR
98Ve
i
28 .V >102%
99 Va
—
-96%
'
-v
103%
109
..
1981
Pacific
83
.
99%
..
1969
Southern Ry
1905
mtge 4%s series E
Conv deb 3%s
vjtge
,1067/s 106%
Co—
66
99 Va
i
..
-103 ;
*126%
(Oregon Lines) A~_..1977
San Fran Term 1st 4s_
Southern
73
1994
1st mtge
4%s
'
;
98%
■
l.>
,
Co—
■:r ' Gold 4%s
1043/4 106%
I
1952
Gen
Gen
;
*
trust
4s
General
'-}■
Pacific
.1st mtge
RR—
gold
Gold
*104
1900
debentures
Pennsylvania
Southern
104
102% 102%
105% 1053/4
i
v 1st 4%s
?
1979
Southern Indiana Ry
i
99
:
1966
■
1085/s
107%
Pennsylvania Glass Sand 3%s
1960
Pennsylvania Power A Light Co—
1st mtge 3s
_!
1975
3s
107%
f
!
1093/4
107%
4VisI— -1955
debs
E
107
108
10734 1073/4
Co—
series
108%
107% 1073/4
,.1986
f
s
107
*1073/4
108%
107% 108 Va
ser P
iiV 198I
23/4s debs—
1985
Pennsylvania-Central Airliaes—
conv
*107
„
1977
Paterson A Passaic G A E
3%s
,,107
1971
ref M 3s series M
1st A ref mtge 3s ser N
Pacific
*1083/4
1970
1st A
•1st
Tel
2% debentures
Il974
"1979
L__
Tel A
3s debentures
v
1966
series K
Bell
1941
957/a
.
76Va
19% .19%
19%
95%
...
100%
68%
117*
74..;,.:
*18%
—
99%
48
.100 ...100'A
„
73
2016
IA Seaboard All Pla 6s A ctfs
1948
—.
tIASt P A K C Sh L gtd 4Vis
/
;
guaranteed 4s
Ohio Edison 1st mtge 3s
r
99 i<- 99
1997
St Paul A Duluth 1st
1
Seaboard Air
Alst
*—
*90 Va
1955
certificate*
bond
AGen A ref
i-
102 y$
bond
4s
867/a
1996
1996
§ Alst term & unifying 5s
I
'
4s
A 2d
.;»
104% 104%
1971
2nd mtge 4 Vis ser A
ISt Louis-Southwestern Ry—
102%
102%
A_
gold 5s
ser
1st
1st mtge 4s ser A
?
;..v
|
100%
101% 102 y4
102%
iT-.
2%s
stamped
2d gold 6s
0t L Rocky Mt A P 5a stpd
St. Louis-San Francisco Ry Co
>
128
109
21
flaguenay Power 3s
-
136%
126%
8
..
yi*70%A'72%
-
Co—
mtge 2%s
mtge
109
*107''
<
..
'
(Wise)
34
4%s
52%
108%
128
Jan 2047
trust 4%s
(Minn)
;
135
1974
2047
Power
39
135% 136
'
Il974
impt 4%s series A——2047
impt 5s series C
2047
impt 5s series D
2047
Northern States
38%
•
RR
20%
108%
2014
gold 4s
registered
Ref
~
—
1934
1966
•
•
*108% 109 Va
IIARutland
1946
A ref 5s_
4s
registered
Gen lien ry & Id gold 3s
j
*107%
«AR I Ark A Louis 1st 4%s
t ARut-Canadian 4s stpd
Northern Pacific Ry prior lien 4s.. 1997
,
*109 %
1967
1969
3%s series J
1943
5s
Norfolk Southern Ry Co—
A Gen
mtge 5s conv lnc
Norfolk & Western Ry 1st
Gen
1967
mtge
1940
gold
gen
mtge 3%s series H
mtge 3Vis series I
Gen
38%
1977
Gen
1937
5s
1st
♦•A N Y West A Bost 1st
4%s
Niagara Palls Power 3 Vis
North Central
38%
1937
4%s
gold
104
mtge 4Vis series D
Gen
IA 2d
t
.:v'i
43%
4%
1st cons gtd 4s__..1993
N Y Queens El Lt A Pow
3%s
1965
N Y Steam
5 A General
17
1980
—
:ji'.
107% ,"
F-d
1907
99 ,5-100%
107
J-J
18%
;
10%
N Y A Putnam
5 A Terminal
118
*■
73%
*103% 104
♦
;
103% 105%
Quaker Oats 2%» deb.
1940
J5AN Y Susq & W
1
103% 104%
29
1956
Corp
—
125
126%
106% 108
\
1955
ADebenture certificates 3%s
t A Collateral
.
—
26
..1956
AConv deb 6s
u
101% 103%
102%
mtge 3s
mtge 5s
1st
—
;\V
M
J-D
Jf-N
F-A
T-A
Jf-M
1977
t A Providence Terminal 4s
&
19
106%
■'
J-D
IWf
U-N
M-Jf
1964....
I960
—
1st
High
106
1954
ANon-conv deb 4s
'
lnc deb
3%s
1st M
Public Service El A Gas 3%s_
^1947
ANon-conv deb 3%8___
ANon-conv deb 4s
"•
5%
Pwr
t Aprovidence Securities 4s
1973
ANon-conv deb 3%s
Co
1st mortgage 3%s
,
110
*N Y New Haven A Hartford RR—
ANon-conv deb 4s..__
1947
;
1969
1974
1977
5s series B
gen
Potomac El
112%
•
•
1989
■
1st gen 5s series C
! 1st gen 4%s series D
-
78
1973
B
1st
£.
APittston
110
&
mtge 4%s series B
mtge 4 %s series C
1960
Pitts Young A Ash 1st 4s ser A.*~_1940
105%
105%
__
*107
„
1960
1960
I960
1st
107
1968
series
4s
1st
Low
1
,
1900
1st 4%s series A
Pitts & W Va
•'
107
,
2
1st mtge 4%s series B
101-
1
:
*126
—
106% 107%
V;
-
Coal—
Consolidation
Pitts Steel 1st mtge 4%s
97%
94
99%
99% 100%
1975
series
4s
Lack
,6
1980
B
ser
...
1970
3%s debentures
101%
97
>
-
■;
Pittsb Coke A Chem 1st mtge 3%s.l904
72%
72%
;
13
1980
ser P
1967
_1974
1981
-
Gen mtge 3%s ser E
/:■
74 Va
77 f
44
199$
E
N Y Gas El Lt H A Pow
gold 5s
Purchase money gold 4s
4 Vis
94
81%
No.
yy
106
—
W
J-J
Pgh Cine Chicago & St Louis RR—
• _>
Gen mtge 5s series A
1970
Gen mtge 5s series B
1978 %
98
93
91
1998
N Y Dock 1st gold 4s
N Y Edison 3%s series D
1st lien & ref 3%s series
Y
92 %
75%
1998
Connecting RR 2%s
Mtge
Mtge
82%
Chicago A St Louis—
'•'Ref mtge 3%s
N Y
81%
83%
1998
3 %a registered
95
75
1997
gold 3%s
Mich Cent coll gold 3%s__
"•.
95
.
,
Range Since
January 1
...
101% 102
1974
—.
Pgh Cine Chicago & St Louis Ry—
Cons gtd 3%s series E
1949
Cons gtd 4s series P
1953
Cons gtd 4s series G
1957
Cons gtd 4s series H
1960
Cons gtd 4%s series I
1963
Cons gtd 4%s series J
1964
97%
73%
1
deposit
4s
3%s registered
"
93 %
,
f.
Bonds
Sold *
'vv;'" V1', V"''"''V''
1st & ref 2%s
deposit
A
B
1st & ref 2%S
1981
of
series
High
106
J
—
M-9
„
1st & ref 2%s
:
/V J"1)
ISAPhilippine Ry 1st s I 4s
1937 ;,,
W
ACertificates of deposit
——
—
Phillips Petroleum 2%s deHs.
1 o«a
F-*
Pittsburg Bessemer & L Erie 2%s__ 1996
A
A
New
105
105%
' 106%
deposit
series
Central
Y
1047/b
19
Ref
N
103%
1954
Ref
;
105
109'
104%
108
'
6
1956
of
ACertificates
-N Y
N
"5
deposit
C
ACertificates
105%
105
J-J
105
P-A
1974
1980
& Wash RR Co—
5s
low
-
•
5%»
Marquette Ry 3%a ser D
General
Friday,
Week's Range
Last
or Friday's
Sale Price Bid & Asked
Interest
Period
v
General gold 4 %s series C-—-1977
Philadelphia Co coll tr 4%s——1961
Philadelphia Electric Co— /,;
Ist&ref2%s—
1971 V
1954
4%s series D
A 1st
109
r *103% 105
.105 Va
Y:
Exchange
Stock
.
,
,
Phlla Bait
deposit
of
series
ACertificates
.81%
109 y*
123% 124%
75
108%
1939
B
ACertificates
-
-
5s
84
80
14
(
Pere
Mexico Ry—
tANon-cum lnc 5s series A
ACertificates
•
109
...
1
"'J-J
A 1st
2
-106%
'.-120
Jf-S
1963
;tNew Orleans Texas A
12
F-A
1952
New Orleans Term 1st gtd 4s___—1953
'
...
106
23
108% 108%
—
J-D
1961
New Orleans Great Nor 5s A
N O A N E 1st ref A
imp 4%s
l,
;
J-J
.1986
1974
'"'3
106 "106 %
80% 80%
75
SS76
123% 124%
__
''"Vv
■/"
BONDS
York
Peoria A Pekin Union Ry
'
Newark
V':/
New
January 1
Sold
High
!V'?-;:T'v
Range Since
Bonds
97
102%
'983/4
s
:
■^Volume 165- Number 4573
THE COMMERCIAL & FINANCIAL CHRONICLE
i£y? CUr;
i.,i
1213
NEW YORK BOND RECORD
RANGE
Friday
BONDS
New
York
Interest
Last
Period
Exchange
Stock
or
Sale Price
.
FOR
WEEK
ENDING
FEBRUARY
28
Week's Range
Friday
Friday's
Bonds
Bid & Asked
BONDS
Range Since
January 1
Sold
New
York
Stock
Week's Range
Interest
Last
Period
Sale Trice
Exchange
or
Friday's
Bonds
Bid & Asked
Low
V
Texas &
Pacific
1st
gold 6s
2000
J-D—
1985
Gen & ref M 3%s ser K
J-J
.132
.
"
—
RR of New Orl 3%s_1974
Third Ave Ry 1st ref 4s
J-D
1960
AAdj income 5«
♦103%
J-J
99%
A-O
Jan i960
63%
Ifol & Ohio Cent ref & impt 3%s—1960
Trenton Gas & Eleo 1st gold 5s
1949
us
:'0i
V.'.'
99
...
MB
l >
102%
98%
59%
29
Baking Co
.(subordinated)
69
--104
101%
Co of Mo 3%s.
1st mtge & coll tr 2%s
•
Elev Ry
flAUnion
(Chic)
.1971
.1975
5s_.
Af-N
111 % 111%
A-O
103% 103 3A
10
111%
15
?
'—
98%
99
99 ':i
1970
A-O
106%
P-A
57%
Westchestelr Ltg 5s stpd gtd
Gen
101%
\
;
106
.*—
Low
28
High
96%
J9<
57%
*100%
.
Jonnary 1
No.
106%
57%
Q-Jf
F-A
.
103 %
25-year gold
30-year 5s
99
106
1
107%
Va
57
60
100%
V
101 Va
103
—
103
103
A-O
*29%
J-J
dfsentures.
.1970
104 3A 104%
~2
J-D
104%
71
102%
J-D
1966
J~J
5s
•113% 118
V
.107% 107 %
108 % 108%
A-O
106
113%
106 Va
107 Va
4
108V4r 109 Va
105 % 106
31
104%
106'%
101% 102
■
47
101 Va
103 Va
33
79%
87%
,76%
86%
Hay
jr-N ••
:113%
\ 4
i
84
85
1951
J-D
83
82%
84
Va
36
MS
82%
82%
83%
101
75
87
Westinghouse El & Mfg 2%s——-1951
M-JV
5
102
103
102%
105
103% 104'A
J-D
1967
1960
104%
.1945
.1967
—1950
3%s
Western Maryland 1st 4s
1953
Western Pacific 4%s inc ser A—2014
Western Union Telegrapn CoFunding & real estate 4%s
1950
112%
Union Oil of Calif 3s debs
mtge
West Penn Power 3%s series I
U
Union Electric
debs
■•'J
High
100
104
5%s
Af-N
Warren RR 1st ref gtd gold 3%S—2000
Washington Central Ry 1st 4s——194f
Washington Terminal 2%s ser A—1970
100'A
98
debentures. 3V4S-1970
conv
Ward
103
88
—
Walworth Co
104%
227-
101% 101%
Low
132
103
99%
,
High
130%
•—
*104%
101 Va
Low
27
99% 100%
62 %
66%
J-D
Trl-Continental Corp 2%s debs—1961
132
No.
103% 104%
.
Texas Pacific-Missouri—
Pac Tenn
High,
Range Since
Sold
•
■
104%
2%s
Union Pacific RR—
r
.
1st & land
27/8s
grant 4s
debentures
-1947
S
Rubber
2%s debs
1003S
1003i
F-A
Af-8
_1U66
mtge 2%s series C
United Biscuit 2%s debs
U
j.J
-1976
-1991
—.
Ref
A-O
lOOU
37
100 33
103'A
97%
ilf-N
100
1959
if-S
100
102%
13
103
100%
*
97
10
18
2
Gen
t
-
Cons
cons
g 4s series A
f 4s series B
s
1955
F-A
1957
*
M-N
•; Virginia Electric As Power Co—
1st & ref mtge 2%s ser E
cons
5s.
109
*103% 103%
MS
*100%
J-J
*109% 111
A-O
ser
109
Gen mtge
1st
" •;
4s inc
103
A-O
J-J
J-J
mtge 3 As
Apr
94
Jan 1991
B
Apr
91
F-A
B_
ser
105
2%s
1976
Public Service 3%s
Yonkers Elec Lt & Power 2%s
106%
100
105 VA
104 Va
105%
117%
117%
,
~2
104% 104%
*117%
100
104
i
105%
4
—
66%
76 V8
72 Va
106
—
I:
66%
66 Va
82 Va
66
I?"-
66
66
■':? 22
MM
69
66
22
2,
19%
23%
101
100%
101%
100%
100
\
100%
ioo
*20
1971
r
J-D
*100
J-J
.
■
*109
1976
J-J
106%
*100
Deferred
a
v
delivery sale not included la the -year** range,
Included In the year's range,
included
in
the
year's
n
d Rx-lnterect.
e Odd-let eale not
Under-the-rule sale not Included In the
year's range, r Caah eale
y Ex-coupon. "> •■-^Negotiability impaired by maturity. tTho price repreeented 1m the dollar
quotation pee 800unit of bonds.
Accrued Interest payable at the
exchange rata of (4J484.
^Companies reported as being in bankruptcy,
receivership, ar reorganised under Beetfen 77 of
the Bankruptcy Act, or securities assumed
by such companies.
"r ■>'
range,
pound
_1971
ser
if-S
^
JSAWisconsin Central 1st 4s
106
105%
<;
A——Jan 1981
ser
mtge inc 4%s
66 Va
*100'/a 101
1960
Wisconsin
70%
109
w
Gen
*106
101%
100 %
100
.,.105% 106 £
105 % 105%
Jf-N
M-J
M-5
1958
Power
9
19
28
71
1949
-
104%
"
68 Va
1992
A
1970
109
103%
4s
series
68%
Wilson & Co 1st mortgage 3s
Winston-Salem 8 B 1st 4s_
not
Wabash RR Cio^r*
2%s
Wisconsin Electric
Jlf-S
1958
j- Virginian Ry 3s
109
{
1975
Va Iron Coal & Coke 1st
gold 5s__1949
Va & Southwest 1st
(td 5s
2003
1st
109
M
102
102% 102%
72% 74 %
73
J-J
1949
ACertiflcates of deposit
S ASu & Du div & term 1st 4s—1936
ACertificates of deposit—
102%
'■
Vandalia RR
ref
MS
J-J
236L...
Wheeling Steel 3% series CT
100%
100%
&
102
2361
*
Wheeling & Lake Erie RR
103'A
100
'
102% 102%
1971
Registered
98%
102 %
debentures
West Shore 1st 4s guaranteed
106 %
97%
103
2%
10111
6
104% 105
1976
,
Universal Pictures 3%s debs—
34%
04
v
91
94
5
92%
90%
41
102% 102%
*6
94
84
..
9 2'/a
100%
'Friday's bid and asked prices; no sale# being traneaetod
during current week.
ABonde selling flat.
102%
NEW YORK CURB EXCHANGE
WEEKLY
AND
YEARLY
RECORD
NOTICE—Cash and deferred
delivery sales are disregarded In the week's range unless they are the
only transactions of the week, and whan
a footnote in the week
in which they occur.
No account la taken of such sales in
computing tha range for the year.
in
In
aetliug eutalda tha regular weekly range are shown
.
the
following extensive list we furnish a complete record of transactions on the New York Curb
Exchange for the week beginning on Saturday,
Feb. 22, and ending the present
Friday (Feb. 28). It is compiled from the daily reports of the Curb Exchange
itself, and is intended to include every security,
whether stock or
bond, in which any dealings have occurred during the current year.
'
Week's
Friday
STOCKS—
New
York
Curb
Range
of Prices
Par
ACF-Brill Motors warrants
Acme Aluminum
Alloys
Acme Wire Co common
Products
Inc.,
Supply Mfg class B—Agnew Surpass Shoe Stores-
Ainsworth
Mfg common——
Air
Investors'
Inc
Great
Power
Airlines
6%
Feb
Arkansas
5%
5%
15
,
Feb
5%
:
r
Feb
Co
common
A
B
'
Feb
Feb
12%
4%
Equipment Corp—
Ashland Oil & Refining Co
Associated
Jan
5%
Jan
Associated Laundries
9
Jan
Associated
•
1
6%
Jan
Atlanta Blrm &
10
85
Jan
88
Feb
Atlantic
75
'
•
106
Feb
108
Jan
Atlantic Coast Line
Atlas
Corp
Atlas
43/a
1,800
3%
Jan
4%
Jan
200
10%
Feb
11%
Jan
:
.4% ft
Gas
&
Electric——
-10
—
ji-Ji'
$2.50! convertible preferred
h American Hard Rubber
Co
preferred
Mpfor
Angerman
Products
Co
Anglo-Iranian
Am
23
;
,
25
Feb
Feb
Inc
•-71%
Feb
Jan
112%
Feb
105%
dep rets ord reg
Angostura-Wupperman
81
50%"
Coast RR Co
51
5%,
1%
'1%
.
T
;
'
-3
80
Jan
20%
Feb
Baldwin
Feb
7 %
,
Feb
24%
195%
3%
Jan
5
2%
Jan
180
70
20
1
—
>
3%
JaA\
83
;
.
Feb
Jan
Baldwin
Banco
51%
Feb
Jan
Barlow
5,600
43%
54%
Jan
1%
Feb ,;
v
Jan
I 1% Jan
23
'Feb
.
;
16%
3%
3%
39%
16%
39%
,•15%
Jan
Jan
43%
Jan
Beau-Brummel
112%
Feb
Beaunit
3% Feb
8,800
■.
47
•*•■■■
Inc
—
41
39%
19%
v.
x37%
Mills
(AS)
Ties
Inc
—
19%
Bellanca
Jan
Aircraft
51
Jan
Benson
&
Hedges
common
Jan
Jan
37%
Feb
Berkey &
22% Jan
24 V2
31%
Jan
Feb
Blckford's Inc common
16%
Jan
Birdsboro
4%
Feb
Blauner's
1
7
Jan
9
19 V8
Feb
44
Jan
1.200
30
17' :-Feb
s
>■14%
Jan
•
3%
Jan
500
il 15
Jan
200
...
*
Jan
4,800
40
,•
M+MM.
600
,
'■
'
'
7%
14
f:
'
MM.
.
6%
Feb
Jan
Jan
31%
200
i-;:
;
35
r
V
Jan
100
34
4,900
33
5,400
~1%
,
Jan
;•>:
1,150
Feb
Jan
1%
58
-2.50
•
common
5
"
1
Jan
35%
*
Feb
40O
.•
Feb
"16
Feb
27
Jan
■
35 Va' Feb
.'H
|
41%
4"■
r
47 Va
Jan
13
Feb
v
Feb
42%
Feb
40%
1,600
43%
40%
■'?.-ir
0
13
preferred
Gay Furniture
200
llVa
Jan
10%
Feb '
5%
Jan.4
'
400
;
"
8
11
18%
9%
Jan
7% aJn
Jan
6
y:
r,
Feb
y
19,700J
V
19
> 200
18 V2
6%
700
7 %
7
18
20%
22
21%
20%
27/a
19%
Steel Fdy &
new
Aeronautical
Bridgeport Gas Light Co
Bridgeport Oil Co
Brillo Mfg Co common.
A
1
*
*
21%
\
Feb
Jan
Feb
20%
Jan
23
Jan
•"
3%
'180%
Feb
23
Feb
35 V»
•
Feb
35%
Feb
2%
2%
1,100
9%
9%
Jan
3%
Jan
200
.
Feb
Jan
; } 7 \ i'.
23 ;
Jan
225
12
j.
»•
-
Jan
Feb
*
>
6,800
11 Va
3%
2%
Jan
Jan '
22
100''
V
Feb
Jan
19%
•:,■
177
10
10
2%'
56
20%
8 Va
60
22%
10%
Jan
24%
t'
11 Va
11%
Jan
"11% Feb
■V,
4
Jan
28
130
33"
4%
Jan
30%
100
46
Feb
55
Jan
10
126
Jan
131%
Jan
140
33
Feb
37
Feb
Dec
21
Jan
30%
-
■
21%
1,400
16%
17 Va
3,900
4»/a
4%
4,000
21
17
Jan
22%
<
48 Va
48
33
Jan
11%
35
■
55 Va
500
130
28
300
1,300
17%
12
'
8
28
•
i
Feb
Jan
35 Va
55%
'
Jan
7%
Jan
200
55%
••■^
Jan
3
■3%
'! '
19%
Jan
1,400
Va1
10%
•
7%
18 V»
100
3%
3
$3
Class
11
Mach Co com_*
common
Feb
Feb
'
15
25
'
178% 178 Va
19 Va
21%
2%
16%
1,700
18
x8
20%
'
.
•
X8
•
22%
Brewster
Jan
~5%
—III
Feb
Feb
.
1
—
Feb
Jan
;5
{ •
,35%
97/s
Feb
1%
63
Jan
7%
Jan
6%
Jan
800
~5%
Convertible
5%
23%
Jan
800
.
1
common
1
optional convertible preferred—*
(Philip) & Co Inc
1
Blumenthal (8) & Co
*
Bohack (HC) Co common—
•
7fe 1st preferred
100
Borne, Scrymser Co
25
Bourjois Inc
*
Brazilian Traction Lgt & Pwr
•
Breeze Corp common
1
m.
43,'.; Feb
43% Feb
»
Jan
19%
8,800
62
Jan'
7 Va
Jan
11%
1,000
•
14
12 Va
5
Blue Ridge Corp
"v!
3%
•
-100
13%
5%
"9%
Feb
Feb
y,;
1
Bell Tel of Canada
3%
32%
20%
37
4lVa
...30
1
Shoe Corp
Jan
49
250
42%
Jan
34%
43%
—1
com
15%.
m.
35%
...1
"
,
Feb
Feb
49
>,
231af >: 2,700
400
31%>v:
41%
Feb
32
35 Va
24%
1
& Co common
100
..
10,500
7
•
Bauman (L)
250,
17
62%
Jan
7
•
1
common
50%.,..,
16%
"9%
Jan
f
Basic .Refractories
18
:: 400
34% x36
2
Jan
5Va
-
Beck
v/i-.rp
Co
Corp
Seelig Mfg—
$1.20 convertible A common—
37%
'
..25
6%
55 Va
&
Ill;;i Jan
.—1
800
200
"7%
i:
Barium. Steel
7%
950
30va
Jan
Feb
'
30,800
15%
Feb
1%
11
,
33
shares
Feb
'
223/s
Jan
Jan
los Andes-
Jan
22
22%
Jan
10 %
-
7
MM*
•
5
—
Rubber
de
5%
40% i
-
,
:
59%
-25
Locomotive—
50%
20%
48
33
—
preferred
500
38%
■
1%
4%
'
11%
v
..
V '
"9
5%
1
Babcock As Wilcox Co
American
;
3,%
250
•
Feb
Feb
-*
47"
600
••-
>
/
Feb
V-
Jan
Jan
20%
;
1%'"-
'
10%
)'■'&
18
39%
u,3%
10% .Jan
.
Feb
jjl2
Jan
•r 14%'Feb
~8-Va
^6
Products
900
:•
1%
•
Jan
100V--
•
Feb
59 Va
8%
50
warrants
2,400
6J/a
40%T
43%
X46
8 %
pfd—100
1
Co
Voting Machine—
(BF) & Sons common—
preferred
Ayrshire Collieries Corp
20
4,300
700'
4 "■
50%
6V«
7%
Fisheries—..,
Avery
400
300
——
12
UT \1'
r
5%
10%
Jan
Jan
2,200
-
Feb
1,190
3%
3%
-
11%
11
Feb
•
10 %
-
700
Feb
Jan
102%
common
Oil Co Ltd—
Jan
19,700
i'i6o
: 10%
•
Automatic
300
4
8^.
.20
•
preferred
Post
3%
:Vi|
Chem class A—
American Thread 5% preferred
American Writing Paper commonAnchor
Coast
10%
10%
1%
Blum
&
American Republics
American Seal-Kap common
Amer: Superpower
Corp com
series
Jan
'r
189
180
180
4
V 20%
1
23%
20 '
23'
23%
49
-25
C.n
Class B
$6
400
r
..25
American Mfg Co common.
American Maracaibo Co
American Metal Products Co_
American Potash
5,200
.25
Laundry Mach
I' American Light & Trac common...
Ampr1f»«r*
78%
—l
} i i American
6%,
Jan
13
75
100
preferred
\h American General Corp common— 10o
{-"'•v $2 convertible preferred
—l i
*
25
7lVa
J
25
4%
Feb
8%
6
•>.
'
103 % 105%
73%
,105%
1
—1
Jan
V-
•
Vi
14
13
-•
of America
Plywood Corp
4% Jan
15
25
100
—
i
5%
10%
4%
Feb
114%
Jan
'111%
£1
& Tel class A
Tel
Automatic
••
*
:
5%
6%
.•>,-•
dep rects reg
Jan
10%
10%
;
~
5%
-•
Jan
xll2
50
1,800
f'••■•
*
High
10%
Jan
3,600
5
i'
7%
2,100
7%
10%
——2.50
J——1
Industries—
Electric
American
Feb
38
5%
500
88
4
Jan,
Aro
Feb
■
110%
100
Low
9%
■7%
non-voting———•
—10
2%
——
American Cyanamid Co common—10
u
American & Foreign Power warrants—
r« t. American Fork
& Hoe common
American
A
5,800
106
4%
*
:
preferred-—
Class
.
class
preferred
Range Since January 1
High
9%
113% 113%
*
common—
6f«
$3.75 common preferred
Class
6 fe
Gas
1,600
5%"
88
11
5
common—
Natural
Common
Jan
•
37/a
Jan
38
106
106
1
—
'
4
25
4
l'
common—
\ >,
3
-
Jan
100
7%
3
American Book Co
American Cities Power &
Light—
it
12 Va
200
3%
100
American Bantam Car Co
American Beverage
i
1,900
4
63/a
Inc_
Jan
Feb
>••■; 11%
2% Jan
12
7%
50 "
pfd
Aluminum Goods Mfg
'
Aluminum Industries common
Aluminium Ltd. common
V?
•
Feb
38
"3%
•
,
;u
9%
9%
•
Aluminum
i t
Feb
27
4
12
■■■"'■S
50c
Altorfer Bros Co
:'
12%
Jan
6,700
14%
.10
Alles & Fisher common
,;
Jan
23
38
C-4»
Allied Int'l Investing $3 conv
pfd
Allied Products (Mich) common
>
13%
-10
Southern—
4.20%
3% V
13%
III 2
Air-Way Electric Appliance
Alaska
9
20
400
Low
Apex-Elec Mfg Co new common
1
Appalachian Elec Pwr 4%% pfd—100
Argus Inc
1
-Arkansas Power & Light $7 preferred-*
(N J)—i
convertible preferred
Alabama
3%
mils
common
Alabama
1,800
10%
for Week
Range
of Prices V* Shares
Sale Price
Par
Jan
v-V'': »r
Convertible preferred
Aireon Mfg Corp common.
60c
5%
Sales
Week's
Last
Exchange
High
Jan
3
-1
New York Curb
4%
1
Aero
Air Associates
11 %
27
9%
28
Friday
Low
10%
10%
FEBRUARY
Range Since January i
300
27
1
ENDING
STOCKS—
Shares
4%
—1
—_
WEEK
for Week
High
4%
10
Adam Hat Stores Inc
Aeronautical
Low
4%
FOR
Sales
Last
Sale Price
Exchange
RANGE
~8
16'A
" Jan
Feb
Jan
Feb
17 Va
Jan
22%
-
Jan
Feb
20
Feb
4 Va
Jan
25
£
56 Va' Jan
'14%
*
Jan
26 Va
Jan
10 Va
Jan
100
—
.
8
100
-
22
22
Feb
22
Feb
33
Jan
36
Feb
24%
Jan
25
Jan
—
,
f
Monday, March 3, 1947
NEW YORK CURB EXCHANGE
RANGE
Friday
CKS—
Sale Price
Exchange
rb
New York
Briutfc
Ltd—
cetsneee
■..
-
-11
4%
4%
.10s
Feb
-17%
'
Co
8%
39 V
12%
1,000
Y 18%
19%
1%
6%
7,600
5%
100
12%
1 ■'
.2.50
Ac. Sullivan———
> 1%
•
(PH)
Devoe
Feb
Jan
Feb
26%
12%
2,600
18%
Jan
8,200
.'lVa
Jan
;
6%
-12%e
/ 80S
Corp
common.
13
13
19%
Divco
Feb
13
Jan
Jan
7
Jan
Corp
Co
Dobeckmun
13%
200
11%
Jan
12
15
u
4,500
Feb
Jan
15%
300 ?
6,700
Li
•
Ltd-
15%
75
Dominion Tar A Chem Co
14
—
75
12 V2
J
Jan
Jan
3% Jan
Feb
3%
80s
Voting trust certificates—
BOe
500
3%
3%
3%
Duke
;
Cables' At Wireless—
"
American dep rets 5% pfd———mmmmjL\
Calamba Sugar Estate-.— •
1
California Electric
Jan
"7%
Feb
'%
1,200
9Vo
Jan
10
Jan
V*
2,000
4
Jan
22%
22%
C
4%
Callite Tungsten Corp
Camden Fire Insurance-
5%
24% Jan
Jan
94
Feb
79
Jan
44
Jan
48
rFeb
'101
Jan
104
TFeb
125
16
Jan
89
Feb
22%
Jan
20
•
*
14
14
;
100
13%
Jan
'
400
14%
3%
3%
93
-7700
64%
575
42%
42%
50
?y4
67%
2%
70
7 » 900
,-V 175
60%
62 y8
"•225
49
50
.
13 y8
13 V*
300
12%
Jan
15
92"
6%
Canadian Industries Ltd—
62
prior preferred....
preferred
Malleable Iron.,
&
Co
—•
6,700
2%
Feb
3
38 V2
Jan
44
Feb
1,200
6%
Jan
10 V*
Feb
40
43%
25
115%
2%
2%
;
38%
44
44
9%
9
9%
1
30
lo
45%
•
common
•
1161/2
1
Carolina P & L $5 pfd
Carr-Consol Biscuit Co
16%
46
16%
17%
10%
10%
8%
87/a
Jan
116%
Feb
Feb
1,200
Feb
20
Casco
(J W)
Co' com
Products
Castle
(A M)
Catalin
3.50%
common
10%
Jan
41
41
—1
16
16
16%
5,400
95
95%
100
18%
of America
Power
19
100
Central Ohio Steel Products..
Pow
Central
Lt
Ac
4%
pfd
Chamberlln
Co
Co
Cities
Co
86
of
Feb
ll7/a
Feb
19%
Jan
23%
Jan
69
66
69%
310
66
Feb
79
Jan
21
21
100
18%
20
21
125
19
B
•
72
Jan
77%
Jan
157/a
Va
1%
1,600
130
60
•
,i
Jan
Jan
Fairchlld
23%
Feb
Jan
700
'15%
Jan
290
154
*'
Jan
153%
Jan
13
•
11%
400
32%
177
Feb
171
Feb
First
15
Feb
17%
.
10%
Feb1
11%
15 ya
Jan
19
Feb
3%
1,100
3%
Jan
37/a
Jan
3
3'/a
6,900
3
Jan
3%
Jan
14%
15 /■:
1,500
9%
Jan
42
42%
1,975
40 »/*
Jan
400
Colon
66%
Jan
15%
common
13%
Colonial
Colonial
Mills
Colt's
B
Corp common
Co—.
Petroleum
—
"
~3%
-
(ord reg)_£1
-5
—1
109
Jan
1107/a
Jan
9%
85%
(Md)
3
26%
Feb
34%
19%
-250
5%
common...
8%
Jan
11%
$8 preferred
Jan
19%
-5
Jan
41%
Feb
1,200
:
4%
Jan
X6
1,300
9%
Jan
11
Feb
>'
%
1
3,100
300
2,500
13%
4
2
12%
5%
3,900
Feb
18
Jan
12%
Feb
51 %
Jan
Jan
3»/4
90
Jan
Feb /
64-r
-,2% Jan
Jan
18
*
43 y2
Jan
40
'325
Feb
22%. Jan
i. 14
<2%- Feb
1,300
eommon
5%
20
2% Feb
,
Jan
Jan
2% Feb
'
Feb
10 V*
Jan
26%
Jan
31%
Feb
12%
Feb
14 ya
33%
Jan
38 y2
Feb
11
Jatt
12%
Feb
24%
Jan
29
Feb
78
Jan
78
Y Jan
9
Co.
At Co Inc.
1%
Jan
General
Feb
General
Jan
Feb
3% Jan
36
Jan
Feb
4%
Feb
40%
Feb
Jan
7%
Jan
25%
Jan
31%
Feb
1,800
10 ya
Jan
14%
Feb
600
8%
Jan
10%
Feb
5
Jan
6%
Feb
2
1,400
19%
'6
2,300
2%
500
350
Jan
16%
Jan
2%
20
Feb
Feb
5
Jan
6%. Feb
2 Vb
>'
Jan
2%
Feb
24%
25%
3,300
Jan
33
Feb
23 y4
Jan
26%
Jan
14
14%
100
12
Jan
107
Jan
Jan
6%
17
Jan
Jan
8
Feb
Jan
14%
Feb
10%
9%
2,600
102% 102%
30
<10
Jan
-s;
i
((;»/5
1
.100
:
6
6 Vb
3%
%
3%
4%
.1,900
"••'
Plywood
Y
700
8
57/a
2,100
5%
Feb
6Va
Jan
28'%
25
28 V*
Feb
32%
J&n
Feb
14
Jan
Preferred
\
8
8%
.3,400
:
"3%
*■*>■ r27.
100
.
53'%
4%
Jan
Feb
•
23
8%
Feb
3%
Feb
5%
24
Jan
28y2
Jan
' V
27 V*
Y*
" 2,100
95
3%
" 98 %
;
5%
: 6%
•
550'
— —-.
Co—
16
Harvester
Corp
2.80
Glen Alden Coal
Inc
1
1
(Adolf) Ino common.
Godchaux Sugars class A—
Class
:^i2-ya
—5
s
Gobel
22% X23%
16%
—•
Glenmore Distilleries class B
Globe-Union
>-#2%
t
-
■
,'12.
i
115 y4
4%
.1
17%
6%
Feb
12%
5'/a
V
Goodman
class
Inc
' '
WI%
Mines.
13 Vi
Feb
Feb
5%
Feb
•Y ..6iy2 Jan
32 r"^Ian:
'■•. '104
Feb;
.,
;
r
17.'. Jan
-
1041
1%
A
.10
.29
500
30%
104
'
1
10 f
8,200.:
103
>
Y
■<:.
1
$9%
11%
12%
■
Feb
Jan
•
Jan
Davidson
Brothers
Mills
ijn
Inc
1
Dayton Rubber Mfg class A
Dejay Stores
For
conv
common
footnotes
see
1217.
7%
36%
125
7%
400
35
toe
page
36
33
Jan
7%
~9% ~9%"L
"
400
8
Jan
Graham-Paige Motors $5
Grand Rapids Varnish
Gray Mfg Co
Great
%
Jan
8
Jan
Jan
35
n
37%
38
Jan
Jan
10Va
Feb
Atlantis
Ai
Pacific
conv
pfd
11% Feb
700
59% x60y4
150
58
14%
"11%
1,000
11/4' Jan.-
.151/8, Ja#;
6(2%, Jan
Jan
10%
5
Jan
? 200
14%
25
1
5
8
;,i3%
12%
13%
-
1
17%
9%
Jan
Feb
Feb
14
Feb
109
Jan
Feb
Feb
f
Tea—
Non-voting common stock.
7%
1st preferred
Jan
45% Jan/
•
Jan
:
Hosiery
Jan
Jan
•■4%
45%
,ll2%
Mfg eommon
Jah,
' Feb
18%'Jan
15%
.50
Gorham
25'
'•
-KrtCjjt'LlJ
Mfg Co.
29%
y
"■. 11%
•
Consolidated
17% W
.
l:
r
400
--57'
29
$4.50 prior preferred
Feb
Feb:
Feb'
4,000
--
.f
B
Goldfield
Jan
-'•16% Feb
2,700
iurf.900
i6yt/<
j
_
Jan
18%
400
-■
v_
115 /'Feb,
53%
r
j
Gleaner
Feb
22%
Jan
29%
Gladding McBean At Co
Jan
llOVij' Jan,
Jan
16
100
16
■■I
5V2; Feb
19%
53%
-
-
Feb
.,
98%
Jan
' 6,500
•<
21 y2
4 "
Jan
110%
20-
% Feb
95
Jan
113 V*
>'
V25
.Y
Jan
3%
92% .Jan
,
.
tip*
."Jan
"
•-sk^tIv*
—
106
.Jan
89 '
>"
Y 600
-Y 280
.3%
97 y2
19%
,
20
1.
Feb
Feb
4
500
24%
.95
* ~ 97%
200
9%
!
Gilchrist
9%
1,600
8%
3%
26.
.
preferred—* -7J;
Gold Mines-
Feb
8
;
104
8%
.10
—• -=r'—
common
Jan
13%
Georgia Powmr $e preferred.
$5 preferred—
:
(A C)
Feb '
Feb
3%
"104 '/a
5%
.
_1
*
Giant Yellowknlfe
7
Jan
TY/'
1
Corp
Public Service $6
Jan
3
102% Feb
28 V*
-
5%
1
25
.
—
Gorham
Davenport
if.
V .11% Feb
19% Feb
Jan
Feb
17
oommon
General Shareholdings Cbrp com
$6 convertible preferred
Gilbert
9,100
5%
19
r
Co
Flreprooflng common
General Outdoor Adv 6% pfd_
4%
14
10%
oommon.
Power
General
^
15%
14
'
Feb
3%
23%
5,200
Warranto
Jan
2%
10
5%
•
Jan
106%
—
"9%
Jan
3,000
dep rots ord reg
General Flnanee Corp common.
5% preferred aerlee A
Jan
13%
2.50
|
Jan
Jan
7%
Co.
stock
Corp
12%
125
•
Lighting Inc common
Curtis Mfg Co (Mo)
Feb
i 30
rV
(Geo A)
3%
2,200
.100
—....
eommon
Curtis
•
Store#
conv
12ya
...
200
4oy4
31
t-
Feb
30
25 Va
'Vsczr Y:
Feb
2%
Feb
28
Amer
Feb
.10
Sugar
Jan
12
23
Gen Electric Co Ltd—
Feb
15 V*
2%
common.
53%
Jan
500
preferred.
Gellman Mfg Co commc
General Alloys Co.
Den Builders Supply Corp
5%
conv pfd
Feb
1,100
4
9%
Crown
Feb
9%
2% Feb
2,800
10,300
5%
Jan
7%
5%
47%
850
v400
2%
•»
Feb
14
3%.
$3
Jan
%
29%
►
Fuller
Jan
8%
3%
30%
2
Jan
pfd
conv
Gatineau
—
10
4%%
Jan
13%
X38%
12%
^"2%
2%
Brewing.
Simon
Garrett
118%
5,500
10%
.
—
11
2/ff
Feb
Jan
7,800
50
ioy2
Jan
Jan
12
dep rote bearer.
Feb
Jan
18
~5%
12%
1
50
2%
47 V*
Jan
Jan
11%
.
10%
-
2
8%
1,500
voting.
(Peter)
Jan
116
19,100
~5%
%
—•
5% preferred
Cuban Tobacco
2
32
17
'
12
111
Jan
10
29
10%
13%
1
10%
Feb
Jan
Franklin
Jan
1,000
9%
26%
4
140
__
•
Jan
48 y2
Feb
43
Jan
io%
22%
Jan
21
83%
Jan
5%
Jan
45
20%
Feb
2%
:
16 y2
35
19%. Jan
Jan
78%
17
Feb
2,100
7
108%
lOo
1' "t"50
1
1
.10
Feb
26J/a
18% Jah
B
43
975
,
—
Feb
4%
Jan
Jan
3%
Jan
77%
2,200
Crown Cork International A.-
Atlantic
116%
Feb
34
■
Brewing Co.—.
Crdsley Motors Inc
Crowley Milner 8c CO..,
Cuban
1,100
2%
_•
Croft
Drug Co
1%
50
80
82%
So
—
American dep receipts
Crystal Oil Refining
200
1%
43
x9%
29
io%
^—
18%
Jan-
18
17
200
1,300
48
v.
Feb
Jan
2%
•
21
Feb
7%
.
Jan
10%
.
"
common...
Petrol
2J/a
Feb
80%
• :
Creole- Petroleum_—
Cent
Feb
9%
2%
1
preferred
-
1%
350
8iy»
—.1
Corroon 8c Reynolds
$1 pfd class A____
convertible
1,100
10%
5
•
Coro Ino common..—
Courtaulds Ltd—
Jan
10
lOo
,
Fdy 8c Machine Co
Jan
33%
109% 109 %
4
Steel
%
200
116
v*
19%
48
Feb
4,850
•
4%
26%
ord reg.
dep rets
Franklin
Feb
33,800
77%
116
4
22%
5%
1,400
18%
18%
/
130-
350
7:1,
6%
Fox
Feb
A
1%
1
Cooper Brewing Co—
«oppef Range Co
Cornucopia Gold Mines
Crown
Jan
34%
Corp
Fort Pitt Brewing
Feb
7
33%
1%
10
100
Cook Paint 66 Varnish Co
5*
25%
43
100
Consolidated Mining 8c Smelt Ltd
Consolidated Royalty Oil
32
1%
ia/4
•
4% preferred series C._—
Consolidated Gas Utilities
Cosden
35'/a
Jan
%
1
preferred
.
33%
79%
Textil®
Jan
5 Va
1,700
.
Continental
25%
7,300
Consol G E L P Bait common
Consol
Feb
7,000
10
Consolidated
11%
6%
to
series
Jan
35 %
1956_._i
1
Conn Gas 8e Coke Secur comraoa:;—«
(3 preferred
•
4V»%
9
31%
25
-*18%
-1
148
6
Feb
Feb
Class
Feb
14,500
31%
Jan;
148
;
Class A non-voting.
Feb
4%
11%
25
Community Public Service
Community Water Service.
Compo Shoe Machinery—(
ext
13%
10%
Commonwealth 8c Southern warrants-
Vtc
Jan
Jan
5%
Arms
--74
Ford Motor of Franco—
3J/a
7.80
Patent Fire
•74
Ford Motor of Canada—
9%
11%
l
Inc
Jan
Jan
Jan
Feb
Am
Feb
[ 200
13%
4%
Colorado Fuel 8c Iron warrants
17%
,-Jan
xl5
Ford Motor Co Ltd—
Feb
90
2,400
3%
Airlines
Feb
Jan
'
5f to $1 Stores*
Feb
44%
y
8% Jan
Development ordinary
J
Feb i
70%
pfd
(M H) Co—
Fishman
'
,
York
Amer
Coekshutt Plow Co
8%
707/a
div cum
$2
Jan
*00
'77%
'
9
67
5,400
Engine A Airplane.
Jany
200
84
Jan
Feb
.,•2,200
Fedders-Quigan Corp.
Fire Association (Phlla)
10%
'
.;
:
Jan
i44
21,700
Jan
50
Jan
■m57:"' -Jan
900
Falrchild Camera Ai Inst Co.
Feb
16%
Illuminating.
8%
72
61 ;
450
Faistaff Brewing.
Fansteel Metallurgical
3%
Cllnchfleld Coal Corp*
ClUb Alum Products Co.
Jan
16%
•~7*^6 %
\
1%
; v
10%
,
2%
74
145
7rj45
Line eommon.
148 /
Jan
Jan
.16%
—
Feb
2y«' Feb
Feb
125
5,700
Xl2%
42%
Jan
14 ya
35% Jan
.
Feb.
16%
16%
167% 170
170
8
7^73%
Jan
25
Jan
67%
"
Feb
24
17,300
common
Electric
25
14
Jan
30%
Clayton 6c Lambert Mfg
Cleveland
Jan
Jan
170 V* 172%
»
Ine
19
136
28%
Jan
21
75%. 75%
15%
15%
1%
1%
29%
Jan
400
24%
12
——10
Feb
4%
Eureka Pipe
23
134"
23%
•*7275
23%
21%
134
22 Va
Jan
...
23
Jan
Feb
3%
2,500
4'/a
-3%
Jan
97%
Feb
62
.
74
—
Equity Corp eommon
$3 convertible preferred
Esquire Ino
Eureka Corp Ltd
4V4
'Feb
3% Feb
91
350
v
1-5
Inc
1
Elgin National Watch Co common—15 I*25%
Elliott Co comlhon
10. t~T20Va
5% preferred
50
f'mOt ■
EmpireiDtateteA Etoetrlc 5% pfd—100
VI
Emsco Derrick- At Equipment
5
Feb
11%
Mining..
Co__*_i-,
Mfg
Claude Neon
Feb
Jan
•72%
pfd
$3.50
Electromaster
Jan
19
America.
Co^i
20
102
575
BB
Clark Controller
Jan
Jan
16%
200
18,300
1
City Auto Stamping..
City Ai Suburban Homes
Clarostat
;
11%
172%
preferred
Feb
100
1929
common
preferred
Feb
96%
20%
$6 preferred
80c
yl7%
Jan
11%
preferred
Service
Jan
19%
—100
common.
Consolidated
IChllds
14%
111/2
100
Charia
Corp common....,
Cherry-Burrell common
Chesebrough Mfg common
Chicago Rivet & Mach
Chief
Feb
100
preferred
Conv pfd opt div ser
Conv pfd opt div ser
Aircraft
43%
Jan
101
5
I Cent States Elec 0%
7% preferred
Cessna
6%
15%
Jan
72%
formerly $5
pfd formerly $6
Electric Power A Light 2d pfd
Option warranto
Electrographlo Corp
Jan
90
100
West Corp
& South
9
Jan
v,
8ya
$4.20
Co—
preferred
Central
| 7%
39
200
42
—10
& Co
Corp
Cent Maine
-
/)'
Electric Bond Ai Share commoi
Jan
Feb
.
Carter
;
Eastern Sugar
Jan
49
16%
100
_•
32%
10
2,600
—1
Jan
Jan
-"i
Corp
preferred seriee A
preferred series B
Associates—
$5 preferred
Easy Washing Machine B.
Jan
1,050
116% 116%
2%
w—.
common—.
CO
8tatee
Eastern
Capital City Products..
Carey Baxter & Kennedy Inc
Carman
'0::£4~
4%%
Jan
Eastern
Carnation
6%'
6
18%' Feb
Jan'
5%
700
15%
$6
15% Jan
•
voting
Canadian Marconi
V
15%
-
East Gas A Fuel Assoo common
.
Class
preferred
+* '
-
.
/Jan
Class A voting
7%
18%
Feb
20
preference
Canadian Industrial Alcohol—
non
V-i J..**-*'
'» 17%
♦
1 '/■ •>-•
-
♦
Canada Cement Co Ltd common
B
Co.
Dunlop Rubber Co Ltd—^
Am dep rote ord reg
Durham Hosiery class B common,,
Duro Test Corp eommon——
Duval Texas Buljmur
.
Feb
22%
50
Jan
17% Feb
$7
Feb
20
•
Canada Bread Co Ltd
SV»%
6%
9%
v4%
9%
Power.—.——.10
4 V\
33% Feb
71%
100
Harris
Power
19% Feb
"'•.
-
24y4 Jan
t
Draper Corp.
Cable Electric Products common
,
Jan
Dominion Textile Co Ltd.
Driver
19
Feb
C:; 20% Feb
-r--;
Jan
,
3,100
•
Feb
7% Jan
33%
Dominion Steel A Coal B:
.
16
13% Jan
3% Feb :
Jan
;
Co
Dominion Brldfb
•
17%; Feb
/
'-
Jan
14
Feb
-''3% Feb
6%
-
200
3%
/'"■
Jan
12%-Feb
Jan - V*'"37% Feb
-■•200
17%
3%
13V4
Jan
3
10%
'•
19%
•
16 y2
1
y.
•
27
-
J 300
18%
,:/19
xWS&
.
7%:-
18%
4 ' •■3% -
153
14%
2,200
•
•
'•
'•3,200
-..
.
36
14%
.1
class A..
3%
,
X7
Mv
V-r
Jan
35 %
7%
_i
common.
Domestic Credit Corp
.
"11%
■11%
v
Jti
common—
Jan
1%
*'
Jan ;
f.
Jan
400
13'
14%
-500 /
Feb
12%
3%
High
Feb
152
V
/
Jan f• * 12%
12
12%
Ltd—
Co
dep rets ord reff.
Am
Feb
25
—
Reynolds Class B.
Ac
Distillers
Low
10%
11%,. -1,400
;
■WAV/2
35 V2
Steel
Range Since January 1
-
High
.
1-3%
Diana Stores Corp com.
Feb
Jan
.
-
Burma Corp Am dep rets
Biscuit
•i
Feb
9
47
1
11%
.
'
Buckeye Pipe Liner—.
Bunker Bill
Feb
39
,
Ltd.—
21%
Jan
39
100
Detroit
Feb
,
}%y 4
Detroit Gray Iron Foundry—l
Detroit Mich Stove CO common
Jan
7 %
1,300
n%
Co
(EL)
Brack Silk Mills
15%
2,400
19
8
common
Feb
Feb
4%
-
Feb
Low
8
Derby Oil Co common.
Detroit Gasket A Mfg new com
,27%
-
■
*
Shares
11%
.100
2%
Feb
Feb
4
27
Distillers-
Forman
Rubber
Butler
20%
2%
Brown
Burry
Jan
for Week
.
A common.
8% debenture
Jan
\
2,300
B
Brown
Bruce
21%
»
Amor dep rcta ord- reg—
British Columbia Power class A
Class
Jan
19%
-100
20
20
20
/Sale
Par /
18
_£1
Price
;e
High
Low
Range
of Prices
,ast
1'
Curb Exchange
New York
Range Since January 1
High
Dexmlson Mfg class
dep rects ord bearerdep rots ord reg—
Am
Low
American Tobacco-
British
Am
Shares
of Prices
Par
RTonrd-.1
for Week
Sales
Week's
rP' Friday
Sales
Week's
Range
Last
■
28
WEEK ENDING FEBRUARY
FOR
105
107%
136
136 V*
150
,
100
Jan
30
135
'Feb
■
.100-
■
'138
Volume 165 " Number 4573
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB
Friday
STOCKS—
York
New
Curb
Northern Paper
Grocery Stores
Low
25
Products
42
Gypsum Lime St Alabastlne
Low
•"
<*3%
650
Jan
44%
Jan
Jan
15 ya
Jan
112%
Feb
114%
Feb
Feb
15%
Material
Feb
•
:
Week's
Last
Lionel
Co
Corp
.....
Brothers
—10
.-.t
—
Range Since January 1
High
Low
17%
24%
,
..
—•
common
Shares
17%
_
preferred. -25
Inc 6%
for Week
Low
—5
—
Llpton (Thos J)
Lit
......
Sales
Range
of Prices
,
Sale Prioe
Exchange
Par
Line
39%
100
Curb
High
15%
114'/2 114%
stocks—
New York
Range Since January 1
13
Gulf States Utilities $4.40 pfd—100
28
Friday
,.>»
Shares
25c
common
FEBRUARY
for Week
High
41 y8
EXCHANGE
ENDING
Sales
Range'
of Prices
par
,
Great
Week's
Last
Sale Price
Exchange
WEEK
FOR
RANGE
1215
24%
1,500
16
24
Jan
30
..
9%
—
High
-
Jan
100
...
10
300
26%
Feb
Jan
32%
Jan
Jan
8%
■
Feb
18
>
11%
Feb
•■.•«<*'
Loblaw
H
Hall
Lamp Co
Hamilton
•
Bridge
Hammermill
Hartford
Co
Ltd
•
Paper
Hazeltine
Corp.*
■
33
Dept Stores
Hecla Mining Co
Helena
Rubinstein
Class
A
Heller
.
Co
5%%
4%
preferred
Henry Holt & Co common
Heyden Chemical common
300
7%
Jan
9
400
>-600
15
Jan
Jan
12%
5,500
12%
Jan
13%
1
preferred
(R)
St Co class A
10
21%
Jan
25
16
Hollinger Consolidated G M
K Horder's
Hormel
*—1
15 %
13%
Jan
105
107
Jan
83
y8
8%
Jan
15%
10,800
27%
Feb
x35%
Feb
-1^25%
•
Hardart
&
Hardart common-
preferred—
——
Oil -it
Lock
&
25
$2.25
preferred
Com
stk
Huyler's
•
60
60
£53%
£60%
31
*#1%
26%
common———
1st
preferred—-a.
Hydro-Electric Securities
'46%
1.,,.;
—
1
—
5
40
A
Exploration
6%
'
,
6%
.1,
I50
Dividend arrear ctfs
Illinois Zinc Co common-
Z*
—
Communication
Co
I.t'
Ireland
40
181
v
-Jan
43
115%
Feb
Jan
•
58 V*
_
„
Shovel
-
1
32%
Feb
Memphis
7%
Feb
"
Jan
9%
Feb
Menasco
Feb
Merritt
v
28%
'
45
Jan
Jan
15
7%
Jan
,
St
Co
...
Natural Gas
10%
Feb
Messabl
Feb
Metal
Jan
> 3%
Feb
49%
* Jan'
Iron
Pow
&
6%
7%
preferred
Insurance Co of
5."
America
Jan
31
Feb
v-:_
.
'•••.
•
;
Cigar
Machine—
International
Metal
——
•
International
Petroleum
Registered
'£>>•'
1
International
Products.*:
Safety
International
■y
Utilities
Mfg
Chute.,
Feb
20%
Jan
Feb
12%
Class B
106 % 108"%
r
97%
6%
Oil
$2
Jan
•
Jan
14%
Co
dividend
Co
common
64
Midwest
Class
A
&
•21%
109%
Feb
Mid-West
99%
Feb
Miller
106
Jan
110
Feb
93
Jan
100
Jan
.
14%
Feb
58%
Jan
28
Feb
'K.
15%
>.
3
12
;
'
Jftn
4%%
21
21%
Kidde
1,600
-
5%
,;
\
Kirkland Lake
!
Klein
21
22%
7,400
6%
300
4%
11,600
10% "13%
Feb
5Vs
Jan
12%
Jan
•
,
.
6,000
30
s'A
Jan
22%
Feb
>
f
/
^
.
'
..
7%>
!*
V
8%
v
6
Feb
Jan
Mountain
Jan
22%
21%
•
7'/a
6%
10%
•
: •>
18
Feb
1
States Power
Corp
St
of
Lane Wells Co
_21%
100
-
^
24
—1
t
19% Jan-
■
,
26
-
,
,
—
Jan-^j.
Jan "w-
9
Feb
Feb
,65 ^*
140
61
1,100
13%
5,000
4'A
Jan
£1%
.24%
For
footnotes
Feb
19%
Jan
400
1,600
1,700
3%
Jan
4 Vb
Jan
17,500
18%
Jan
24%
Feb
75
7%
Jan
10 Va
Feb
29%
150
27%
Jan
29%
Feb
33
500
29
Jan
33
4
300
28%
31%
>
Feb
3%
1,700
Jan
4%
Feb
12%
•
13%
17
Jan
13 Va
Feb
17
Feb
.
17%
Jan
3
3 Va '
2,000
3 r Jan
3%
Feb
8%
2,300
8%
Jan
9%
Feb
36%
36%
8%
--
*:'/■>
10%
4%
Jan
105
Jan
28
Jan
28%
Jan
9
—
Jan
11
Feb
3%
Jan
Jan
15 Va
Jan
900
1,200
12 "/a
190
185%
Feb
17%
Feb
•
22 Vi
36%
1,750
37%.
v
Feb
Jan
Jan
3%
21%
5%
4J/a
3
1,700
185% 187%
—
10
Jan
14%
13%
185'A
22 V2
Feb
105
mm
1,700
5
3
3 Vb
13'/a
£;£>••
—
9%
9%
4%
'
Feb
Feb
8%
600
'
•.
mm
38
35%
150
36%
8%
mm
«
>/ 16%
150
.
8%
8%
189
,36% Feb
175
Jan
22%
Feb
39
Jan
-
5y8
5%
-5%
1,600
5
Jan
5%
Jan
,.
2%
2%
9. •'
2%
3,200
2%
Jan
2%
Jan
9%
1,200
9ya
Feb
34'/a
400
9
33%
34
24
24
21%
21%
24
400
22%
>
Jan
30
Jan
1
Feb
134
Feb
138%
Feb
21%
Jan
24%
Feb
16 Va
Jan
24
Feb
Feb
12 y4
Jan
Jan
15%
J
950
•
xll
600
12
8%
;>!<
80
138%
138
»-
•
t
9%, £-9%
16%'-' 17
35
7%
2,400
8,800
V-
-j
Delaware
14
14%
7%
13%
500
•200
—
1
54%
National
Jan
15%
15%
1
-
Nelson
12%
Feb
see
page
1217,
w_i
Jan
19%
Feb
'
Feb
23
Jan
Jan
10%
Jan
18
Jan
14%
Jan
15%
1,100
6%
Jan
9%
200
15%
Jan
16%
13%
8
(Herman)
14
14
60
Jan
7
Feb
3%
Jan
4%
Feb
42
14
45
fjan
Jan'
15_%
Jan
12%
14%
:
14
12%
•
4,200
>
?•£ 800
,12%, Jan
Jan
17
>14 % Feb
Jan
Jan
18
35
34%
35 Va
700
34%
Feb
39%
Jan
13%
13%
14
600
11%
Jan
14
Feb
24
Feb
24
Feb4
14%
Jan
2%
Feb
14
.
1%
"■:
—...*
Jan
Jan*'
200
3%
Feb
10%
13%
"""*
--
.,..1%
2,500
mm
13%
..
10%
1,100
4-
4Va
mm
—.
8
1%
3%
3%
3,100
14%
13%
1%
1 V
6
Corp
Feb
Associates
Jan
>13
**
9%
13
Feb
Jan
10%
Jan
Jan
9%
Jan
8'A
5% Jan
,16%
Feb/-
75
—
;
Jan
*
preferred
preferred
—
•
England Tel Si Tel
—100
New Haven Clock St Watch Co——•
6 %
9 Va
9
•
—.100
conv
Jersey
Park
preferred
20
—25
Zinc
St
Arizona Land—.....
..1
—..1
•
Mining Co—
90
675
88
Jan
94
Jan
28 V4
New Process Co common
109
111
Jan
,31%
Jan
270
109
Feb
120%
'.«•
6%
7 Va
600
14
14 Vs
300
14
"A 61
63%
6%
6%
14
Feb
N Y
Feb *
N
Jan
34
Jan
Jan
30
Y
Auction Co
common
—•
City Omnibus warrants
Y
Y
......
—10
Honduras Rosario
St
fr
8%
Jan
Jan
15%
Jan
67%
'•
55/B
-
Jan
3,100
61
Feb
5%
6
5,000
4
Jan
6%
Feb
1%
61%
2
2,300
1%
Feb
2%
Jan
—
—
—
#
r%
10%
9%
10%
>■
82
300
Jan
19%
10%
Jan
Feb
Jan
1>A
Feb
5
Feb
Jan
47%
Jan
Feb
21%
Jan
2,275
350
35
20
£
82
8%
1%
43%
1%
41
43%
.—10
Merchandise
Jan
Feb
•
Feb
N
>
111%
88%
88%
$2
New
200
19%
Jan
N
15%
Feb
16
Feb
100
6%
Feb
7
Jan
N Y Water Service 6%
300
10%
Feb
12
Jan
Niagara Hudson Power common
5% 1st preferred
Jan
~i% "1%
2,400
1%
Jan
24%
1,300
23%
Jan
26
Feb
5%
*to
Radio....*——30o
New England Power
Feb
26
44
:
24%
11%
-
Feb
Feb
Union
200
10%
42%
—
15%
10 %
42
•••.
—
12.50
N Y Shipbuilding Corp—
Founders
shares
15%
"
L_5
Ltd
Neptune Meter common
Nesle Le Mur Co class A
Jan
100
Car
Transit
6% .X-6%
„_5
25
inc—
Steel
Feb
34
V 27%-'27%
>
1,200
11,100
2
Feb
6
Jan
8%9"
15%
4
•
com
17%
1
1A
-16% Jan
-
Codker
National
6%
"»/
G)
Pressure
Jan
9i"-
1,400
2,500
6%
.>-••'3%
National Mfg St Stores common—1
National Rubber Machinery
69
*
12%
14%
*
Fabrics..——1 > '
National
25%
20
-v
200
7%7-*-7%
5
;
Mallinson
National
National Tunnel St Mines common
Jan
24
200
6%
6%
3%
—•
Feb
1% Jan
,
100
800
*
>
1
preferred—...—...——21
New Mexico
1
•
15%
14%
15
Bellas Hess common—.1
Feb
Jan
;Jan
17%
20
20
1
Machine
Development
(R
Feb '
16
17%
Xll
87%
Jan
^5%
1%
_5
Ltd
preferred
Oil
Feb
14%
1,500 -
10%
common
Corp new common
Inc common
National
>
*
Tourneau
Co
111%
109 - 'Jan
10"
,
..
Lanston Monotype Machine
La Salle Ext
University
Lefcourt Realty common
Leonard
12%
Jan
12%
>3
—•
1%
National Fuel Gas—
26V*
Jan
iOO'
,-80%
■
1
Class B
Le
Jan
11%
12%
N
Eeb
-
24%
1%
Langerdorf United Bakeries class A _•
'
Prior
10%
V.
Feb
»
10%. 10%
10 "A
1
common
,
Jan
4
common—* 'N
Nachman
9%
73%
5r
-
.10
;
Co—
Mines
:
Feb
2%
3%
Jan
Feb < > 125%
160
63;
'■ 5 '/a
1
Foundry
Lamson
Feb
10%
Jan
Jan
k-'wS'h^V
15%*^f6%
63
-
•
Laclede-Christy Clay Prod.
Lakey
6%
Jan
Feb
New
Lake Shore
Jan
2%
Jan
Feb
V-.V''
100
V"' v*
80
1
Ltd
>
5%
9
Feb
Jan
3%
18,800
111% 111%
111%
1
;
1
Jan
1,100
"
24%
....—1
7%
-
i
' '
Jan
50
2,200
3%
—
1%
Jan
6%
v
12%>42%
<
100
.—100
'
Jan
6%
>
2,300
23 VB
>
National Breweries common....—
> *•'
pfd B
Co common
...
.
.
Jan
„
—....1
...—1
Mountain City Copper common
5o
Mountain Producers
....—10
New
.
\ Feb
6"%
3%
t
A
•
Light Heat $r Power....—..*
Moody Investors paiilo pfd-..—..—*
Morris Plan Corp of America——.lOo
/4%*
.
5
49
100
'
6%
Feb
4%
*
m<m
16
32%
•
Utilities.
Dakota
National
•
common-.
Kobacksi1 Stores
1
Jan
Jan
123%
^«_100
Brewing
Jan
2%
'
Montgomery Ward
Jan
*1%
17
;
Z~
'
?:26y.'"26
5
5nott CQrP
V Knieger
>?;
11%
to.—
Montreal
Jan
Feb
Jan
26
.
Kleinert ,(I B) Rubber Co—
i
7
110%
X 2,000
5
11
■>:-
-.100
—
Public Service common—
15%
>> 1%
6%
——R.
M Co
Jan
Jan
10%
—
Jan
5% Jan
200
Feb
6
9%
*
Feb
7%
,
G
"5%
23%
50
pfd
Montana
Jan
19%
1,000
•
5%
Feb
29
1%
200
£6%
L
Feb
23
*'3%
'
12%
D
(D Emil)
i.
Jan
18%
-
110
4%
17
preferred
&
P
15%
r
;_100
King Seeley Corp
Kingston Products
Kirby Petroleum
1
£
1
15%
,f- 67% Feb
•
preferred
preferred
>
mm
16%
Mountain States Tel & Tel——.100
21
_l
Kings Co Lighting 7%
v:
—
—60s
common
Jan
11%
v
100
1% M%
.
•
(Walter) Ac Co
4%%
:ii
1,100
V. 17
Feb
3%
Jan
Jan
13%
Jan
3
1,600
>
%;;sssr-
6%
,•
4%
pfd
Kimberly-Clark Corp—
2%
15%
■»
ll %
•
Refineries
conv
Missouri
Jan
'#}
1
Corp
Kennedy's Inc
Key Co common
t
3,200
6%
Illoo
Molybdenum
Corp..—.
Monogram Pictures common
Monroe Loan Society A
12%
4,400
12%
21
;;;-;:7
•v
1,000
3%
7
2%
—•
Mining Corp of Canada
K
i.
5%
6%
2%
>
Co
Wohl Co
Namm's
Kansas Gfts St Elec 7*
Kawneer Co
Jan
"9%
——
13 Va
i
1,500
25
1% ^1%
—1
preferred
Kokenge Co..*
Kaicer-Frazer
33%
Jan
10%
common
13%
7,400
300
3% >
>
.
25
>
lVa
<
19%
1,200
14%
; •
,
Feb
V
'
Jefferson Lake Sulphur Co
Jim Brown Stores common
Julian
29%
31
5
Piping 8s Supply com
Feb
Jan
900
14
>
14
12
1
—
900
4%
•
shares
Abrasive.—
Oil
Muskogee
Glass
Feb";
4
1
—.
Murray Ohio Mfg Co
Muskegon Piston Ring..
Jeannette
11%
>
Products—•
non-cum
Midwest
Feb
c
Corp common
Corp $1 conv pfd
Steel
Jan
20%
105%
40
900
20%
14%
>;
1
:*■*■■■
t
v
West
94
60
.
;;'>:
•
'-'0;;. >• >>
Jan
10%
m'1' -T
1
—
Middle
Mid-West
13%
•
•
**
'>.•
9%
•
/
Midvale
3%
voting trust ctfs—*
Italian Superpower A
1.
>'
1
Fireman
Irving Air
«*—
__5
-
800
43
6%
—10
Midland
30
13%
•
*
common
Feb
17%
.2.50
Jan
Feb
■
—__10
preferred
45
1
...
Jan
Feb
'ei%
61%
•
Royalty
Jan
tm mm
18%
14
Xl9%
—
*
Razor B_—
Interstate Power $7
Iron
shs
„
Feb
39%
preferred
64
14 y8
96
•
coupon
shares
International
Investors
A
21%
-25o
Jan
Jan
95 Vt
97
50
Industries
Jan
—
Jan
Jan
109% 109%
Feb
13%
*3
Middle States Petroleum class A V t 0-1
11%
94
10
International Hydro-Electric—
Preferred $3.50 series—
Feb
3,300
225
19%
,
Minnesota
International
Feb
2%
17%
41%
..100
■
Micromatio Hone Corp..
v
17
mi*
•j
(•:
North
Jan
10%
Jan
20%
30
♦
Corp
Participating
11%
r
Lt 4% pfd—_100
preferred
—100
100
Service
4%
Jan
1%
Jan
30%
16%
•-
Jan
8%
600
'
Co
Textile
100
700
Jan
Jan
)Z
-
^14% >
55
17
43
.1
...
1,600
14%
Jan
1.800
1
Mfg Co
Chapman St Scott
>13%
13%
Jan
Jan
2,800
2
:i-10%
67%
;
4%
20%
19% X19%
.1
I
_•
A preferred
51%
27%
1,600
•
Feb
Feb
18%
——
.
.'£*
2%
17%
500
19%
10%
common
6 Va %
Jan
40
;
''
1,100
10%
1%
•
Dredging
Warrants
-3%
900
Feb
4%
II—•
—
Feb
45
'
>
2%
18
1%
to.
•
Feb
47%
10%
"62%
Jan
19%
Feb
>
•
*
20
common
Mead Johnson
Feb
61
Jan
-
2%
17%
"9%
•
Corp commgn
preferred
$2.50
Jan
33%
Jan
25
■
113
Jan
1.
£1
■—.i—
Indianapolis
Indiana
Feb
.11
McCord
Power
13% ^3%
14%
:
14%
Feb
15%
.
Feb
•
1,100
1,000
•62%
V
Jan
500
—.
•
.->'
13%
11%
111
19
52%
Co
Massey Harris
600
18%
——
12,800
2%
17%
Feb
•>-"
29%730'/B
'
14%
18%
Feb
6
—...
Jan
Marconi Internat Marine
Feb
Midland
—-
-
Jan
82%
Xl3%
1
-'
125
•••••
Imperial Chemical IndustriesAm dep rets regis
fx
Imperial Oil (Can) coupon
•
Registered
*
Imperial Tobacco of Canada.——Is
Imperial Tobacco of Great Britain St
90
Feb
18%
Mass Utilities Association v t 0
29
■
20
.
Feb
73
13%
Jan
100
l7%-yi7ya
I
preferred
conv
80
Mapes Consolidated Mfg Co.
Feb
84
(The B)
Preferred
'
30%
62%
250
375
*
1
.....
Feb
v
700
40
-■4
•
—
81
76%
.1
,
,
■'Zir '
common
~~1% Jan
'Jan
73
74
Michigan Steel Tube
Michigan Sugar Co..
Co
1
80%
dep
dep
Michigan Bumper Corp
Illinois Power
Jan
6,300
10%* Feb
'
.
100
:■
^50-
*
Hygrade Food Products
'
9%-a«%
49'/2
;
,11%
39%
>
.
400
..
12%£l3%
•
10r l.Feb
27%
113 V*
100
•
••
£57%
46%
>
—
1,600
Jan
400
7% "-*7%
-
•
;>
•
Jan.
•
****»._•
-
purch warrants
■7%
.1
10%
1
Jan
we
2,500
5
.*
10
-
180
2,700
31%
32
ctfs ol
B otfs of
Land
McWilliams
5
i—t.
Janr >
Jan
•4
—
common
10%
7%
"
37
10
42
v
Hussmann-Ligonler Co
<
—
Refining
Fibre Corp
Mfg Co
Jan
23%
30
(Harvey)
Humble
Hummel-Ross
19%
Sugar optional warranU.
Mangel Stores common
Marion
Ml
181
■
Hubbell
■;
•9%
l-5%
150
,
100
.
68
'
•
>•-—
—-
16%i Jan
i:
j■
Baking Co
&
Jan
3,100
Manatl
''<&£m
mm
•
Horn
Hurd
1,750
2,400
600
25
r
9%
19%
M
Feb
6
•
^
& Co common..*^
Jan
18%
Jan
400
78% *83%
x9%.;lip...
•
1,400
18%
Jan
*•
6
Feb
9
-10
Feb
Jan
83%
4^^"*
•»
Jan
11%
40
12% £14"
•
Inc
(Geo A)
Horn
6%
9%
.
Holly Stores Inc.Holophane Co common
Jan
26
Jan
100
*
-
Jan
29
Jam
Jan
27%^-33%
79%
5
..
Co
Louisiana Power ft Light $0 pfd
Feb
Manischewitz
Hoe
7%
9
31
24'A
150
—1
common....!.
Lynch Corp
"
400
•
30%
.
1
25%
Feb
175
12%,-12%
.
preferred A
Louisiana
17% Feb
10
15%-16
13-
7%
9%
24%
Jan
Jan
Feb
105% 106
l
*
—5
Longlnes-Wittnauer Watch
Long Island Lighting Co—
Common ctfs of dep
Feb
|ll %
•
t
§3% Feb
4%
23 % <,24
100
Feb
70% Feb
5A
Feb
Jan
23 %
—
Feb
34%
Jan'
10%
2
ww
8%
Jan
4
X16% iv.17%
100
Jan
3%
•
w
30%
700
12% >13%
—
w
31
29
Lone Star Gas Corp
Feb
1,200
13%
_
common-.
preferred
"
_25o
*'.
7%
700
63%— >'i;- 10
12%
4V'4^-4%
'».•
,U...*.—5
-
Jan
3%£.3%
8%18%
;
3%
9
200
,;34
63%
~4%
400
7%
-•<
33
.
——•
common
Hearn
7%
■A>
10
Light
25
Hartford Rayon voting trust ctfs
1
Harvard Brewing Co
1
Hat Corp of America B non-vot com__l
A
Logansport Distilling Co
impart
Electric
class
B
Locke Steel Chain
tfj'
s •
;
Groceterias
Class
44%
Jan
1% Jan
29
Jan
-5%
2d
Class
B
1
preferred-.
optional warrants
55
1
100
......100,
-
60
'
300
10% Jan
240
11%
11
.—100
pfd
51
9'A
13%
F*b
Jan
63
Feb
Jan
10%
Jan
10
28,100
118%
118% 120
825
115
Jan
124
Jan
111% *
111% 114%
200
111
Jan
117%
Jan
2,800
1
Jan
1%
Jan
9%
1%
/
9%'
"
1%
1 Vb
*
"S'-Sara. nr«iB>w.Tr:i.CTtaw
Monday, March 3, 1947
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK CURB EXCHANGE
RANGE
FOR
WEEK
ENDING
FEBRUARY
28
STOCKS—
York
New
Cable
Rome
Art
Ronson
Curb
Exchange
Corp common
Works
Metal
Roosevelt Field Inc
Root
Petroleum
Co
>
Rotary Electric Steel Co
Royalite Oil Co Ltd
—
Russeks Fifth Ave common—
Ryan_Aeronautical Co—:
Consolidated Petroleum.
Ryerson k Haynes common—
Ryan
St.
Lawrence
Class
St.
Corp Ltd
pref..
A $2
—
conv
Regis Paper common—:
Salt Dome Oil Co
Samson
•
SchifT
Ogden Corp
Ohio
Brass
Ohio
Power
Oklahoma
Old
PoindOxter
Gas
new
Oliver United Filters
lnc common
Co
common:
;
Segal liOCk & Hardware-
..
——
B
Selby Shoe Co———
—
Securities
——
Selected Industries Ino
Convertible
—
stock
common—
1
—
$5.50 prior stock
Allotment certificates—
Semler (R B) Inc—
Sentinel
Pacific Can Co
—•
Pacific Power & Light 7%
Pacific Public Service
11%
.25-
common—
Pacific Gas k Elec 6% 1st
pfd
5Va % 1st preferred
Pacific Lighting $5 preferred
41
11%
.
•:.!
!_•
■'
114%
pfd—— 10fr
-
-
11%
Tubes
—
common
—
—
Shattuck Denn Mining
Shawinigan Water k Power
Slieller Mfg Co——
103y2104%
11 114% 115
12 - A 12%
"A
——
Corp
Seton Leather common—
.'41%
41
n'
25 '
Radio
,
Sentry Safety Control
Serrick Corp class B
$1.30 1st preferred-
Page-Hersey
...
Manufacturing—
Steel
Securities Corp General—
Seeman Bros Inc.——:
O'okiep Copper Co Ltd Amer shares.
Overseas
...
common—;
Scullin
com.
Distillery—
Omar Inc..
Co
Scovili
common
preferred-
Natural
Corp common
Schulte, (D A)
common
Co class B
4ya%
United
Savoy Oil Co__,
sayre & Fisher Brick Co
Sherwin-Williams
4%
common—.—
preferred
common:
—.
Sherwin-Williams of Canada——
Pan American
Airways warrants—
Pantepec Oil of Venezuela Am shs.
Paramount Motors Corp
...
:v 3
^
,
>X
v
-
v
2%
10% C xioy4
Parker Pen Co
.8
Parkersburg Rig k Reel—
Patchogue Plymouth Mills
.1 "
-;
•
>
,
45%A
16% •' 17Va-'-
40%
39
—
72 ;
3%
11
7,800
,
72
•• 741/a
'
Simmons-Boardman Publications—
Jan
$3 convertible preferred
Simplicity Pattern common.
Singer Manufacturing Co
i.._
Singer Manufacturing Co Ltd—
Jan
51%
Feb
28
5%
Jan
8%
Jan
3%
Jan
4%
Feb
Smith
112%
Jan
113%
Feb
Solar Aircraft Co.
Jan
5%
Jan
Solar
class A com
11%
69
Jan
*
7%
Jan
9y8
preferred
(Howard)
50%
Pharis Tire & Rubber
Jan
55%
Feb
,12'/a
Feb
13%
Feb
.i—
217/a
Feb
5%
21
Jan
6%
Governor common.
Pinchln Johnson Ltd Am shs——
Pioneer Gold Mines Ltd
—
/
'<•
com
r
Polaris
common—
Mining Co
6% 1st preferred
...
Inc
common
'.
i
:
—
of Colorado—
preferred—
7%
1st preferred
Puget Sound Power k Light—
$5 prior preferred
10
■V10
—
108%
Jan
109
Jan
;114% Feb
A *116
Jan
500
common
107
V
125
13% Jan
200
—
10%
Jan
>,
A
30% Feb
I
14%
11%
Feb
Feb
k Co
common..
(J B)
29% Feb
,v, 7%
Feb
——
5%
17 ya
—
(Hugo) Corp
Stop k Shop Inc
Stroock (S) k Co common
2% Jan
Feb
32
...
—
Inc..
Swan Finch Oil Corp—
common.
6% preferred
Quebec Power Co
Taggart Corp common
Tampa Electric Co common..—
—..
Technicolor
Radlo-Kelth-Orpheum option warrants.
Railway * Light Securities
vr
Voting common
10
Railway k Utility Investment A—-—I
Rath Packing Co common
10
,
;
Raymond Concrete Pile common——•
$3 convertible preferred
•
Raytheon Manufacturing common...50o
Texas Power k
Textron
Amer
Engineering——8
Amer
—.1
(Texas Corp)
vtc__
Rochester Gas k Elec 4%
Iloeser & Pendleton Ino
pfd F
Rolls Royce Ltd—
•'
Am dep rets for ord
reg
For
footnotes
see
1
page
100
•
-
■
.>
'
£1
1217.
...
Security Trust Co Ltd—
dep rets ord regis
dep rets def reg
Todd Shipyards Corp
Toledo Edison 6% preferred—
7%
—
—
common..—..
Roofing Inc
Realty & Construction.
k
Rib Grande
Valley Gas Co—
Co
Tivoli1 Brewing Co
Tobacco k Allied Stocks
Tobacco
Richmond Radiator..
pfd...
i
Tishman
•
Rice Stix Dry Goods
Richfield Oil Corp warrants
Light 7%
Inc
Thew Shovel
Tilo
common....—
Oil k Land Co
Texon
Co
Reliance Electric
Inc
preferred
...—.—
Tonopah Mining of Nevada
Trans Lux Corp
Tri-Continental
Trunz
convertible preferred
95
100
105%
100
—1
1%
-
97
K'
1%
1%
4y8
2%
—
95
105% 106
.
A;
240
95:. t
Feb
:
! 60
in.s%
Jan
60
110V4
Jan
Jan
112% 114%
—1
warrants
Inc
Tung-Sol Lamp Works
80c
Jan
16
——
Corp
Sun Ray Drug Co
Superior Portland Cement,
Superior Tool & Die Co
•
Feb
13% Feb
Co common
Sunbeam
,
Reed Roller Bit
Feb
77%
27% Feb
(A)
Stinnes
110% Jan
Feb
35% Jan
;
Oats
Corp——i.
Stein
Stetson
v
250
Puget Sound Pulp & Timber—...
Pyrene Manufacturing—
J.
■
■
Quaker
12% Feb
A;.4% ,F.eb
9% Feb
—
B_.
Sterling Aluminum Products
Sterling Brewers Inc
Sterling Engine Co
Sterling Inc
i
1st
Co
(The)
Feb
3% Feb
130
Feb
Steel Co of Canada
B_.
Providence Gas
Pyle-National
Co
class
Feb
4
—.
Products
Tube
Starrett
Pressed Metals of America
Producers Corp of Nevada
6%
13% Feb
32
Preferred
Standard
Feb
4% Jan
20% Jan
(Ky)
Standard
Jan
36;
Dredging Corp common.
Oil
Jan
25 y4
Standard Power & Light
Common class B
Mining—
Public Service
2% Jan
Standard
Pratt k Lambert Co
Prosperity Co class
SV» Feb
9
$1.00 convertible preferred
Standard Forgings Corp
j.
Prentice-Hall
' ,:Feb
23% Feb
Co
——
common...
Premier Gold
Feb
Feb
8
Southern Pipe Line——
Standard
—
Powdrell k Alexander common
Power Oorp of Canada
■
32%
31%
—
Brewing Co
Standard Cap k Seal common..—
Convertible preferred
'•t'.nliu,- •'
f
Feb
43
preferred series C
Standard
RR
.
—
Spencer Shoe Corp
Stahl-Meyer Inc
Pittsburgh k Lake Erie
Pittsburgh Metallurgical commonPleasant Valley Wine Co.
.
common
:
Pitney-Bowes Inc
Pneumatic Scale
;7 <•; *Jan
33% Feb35ya Feb
original preferred
preferrd B
5% %
.Feb
.9.
—
Southwest Pa Pipe Line
Southern California Edison—
Southland Royalty
Riper Aircraft Corp
y
Feb
8 %
3% Jan
Soss Manufacturing common
South Coast Corp common.
—
com
Pierce
Pitts Bess ALE
15% Jan
—
Feb
South Penn Oil
Philadelphia Co common
Phillips Packing Co
Paper Mills—...-
Manufacturing Co
Sonotone Corp
Jan
Jan
39%
Co
dep rets ord regis—.—
3.90%
Jan
41 %
——
Amer
Sioux City Gas & Elec Co—
Feb
"•
4%
64
Pep Boys (The)
Pepperell Mfg Co
Jan
%, Jan
7% Feb
'
Penn Water k Power Co
Circle
Jan
Jan
47
Light 4ya%
—
common
,26%
pfd__-Penn Traffic Co————
Perfect
Breweries "Ltd—_1
15
36%
200
.
&
Silex Co
Jan
59%
550
' A 60
Pennroad Corp common..:
Penn-Dlxle Cement warrants
Penn Power
Sick's
Feb
xl0%
11
Peninsular Telephone common
$1 cum preferred—
Penn Gas k Elec
Jan
2
54,500
.
——
—
4%
2%
2%
-
1,700
1%
"
1,400
3%
4,500
.
Jan
2ya
Jan
30 V4
Jan
,5%
Jan
10%
Jan
Feb
'
-jK
vk\
;)':/!
.
."r
,
■'% "ry, \
■
,
'■ f;'
NEW YORK CURB
-'
RANGE
yNew
STOCKS—
r
y
York
Curb
FEBRUARY
Range
Sale Price
of Prices
Range Slnee January 1
Corp
Feb
8%
V.'
Union Stock Yards of Omaha
United Aircraft Products cobi
i.
i
9
6%
•
i
<
■y:' 10
common
Corp warrants..*.*-,
United Elastic Corp.
United Gas Corp commonj
United Light & Railways—
*3
14%
Jan
24%
Jan
290
Jan
118
Feb
28
69
69 ;
.
common
>
—
70%
46%
14
-
14-
/
Feb
67Va Feb
71
Jan
47
Co class B_
19%
,
19%
21%-
11% Jan
300
U S
Graphite common
U S
and International Securities.,
.< 3
1st preferred with warrants.
87
87
88
17
16%
1,400
14%
Feb
23%
17%
$5
v
U 8 Radiator
common
U S Rubber Reclaiming
United Stores
H
*
Feb
Feb
*
2$00 'ffi:
3% .V,
3!^
;
89
;v:._
4%
—
—
Utah Power & Light common
•
—
—
'%£{", 26% 26%
Jan
213/4
•
(July 1941 coupon)
Power
1959
24
..1952
J-J
..1968
4%
2*2%
1,600
21%
Venezuelan
—1
V 5%
6%
.200
2%
2%
—5
Petroleum
Venezuela Syndicate Inc.
Vogt
Manufacturing.
11%
124
120
•
_
12%
125
13
—
1
Gas
1967
1948
J-J
1947
M-S
Gas
5s_—
isZZIII——IHIT—ZIi950
Ohio Power 1st mtge 3%s
Jan
Jan
12%
126
Jan
12
13%
$2
mm
24%
Watch
Co
Aircraft
Corp
Texas
Utilities
$6
5
Coal
Brothers
5%
preferred
;
6%
.
series
17%
P
Portland
& L
16
17%
I—l
16%
:';y, '■!
—
8*
y
20%
20
y>
20
10%
10%
300
—
.1
--
y
..
~3 Va
t.y3:3|;*
-
Writing Paper 6s
Appalachian Eleo Power 3%s
Appalachian Power deb 6s
,
»
■
6,400
or
w
1961
1970
J-J
1957
1960
series C
Q-F
_.
lAOehtral States Electrio 5s
Low
102
•
Penn Electric
West
.—1948
A5%s
106
1964
y"
J-J
M-S
;
81%
•
170
167
82%
■
'80%
;
J-D
,
.
105
102%
.Jan 1966
Conv deb 5s
1950
:
—1958
A-O
1969
_
67%
V'-.y 104%
M-Q
ConsOJ Gas El Lt b Pwr (Bait)—
U
\
t'
106
.
.
104
159
166%
,
105
1
105
2
120
3s—1965
M-S
(Calif)
1970
i
106%
lOO'A
106
120%
99%
99%
32
106%
107%
2
106%
107%
104'
104
107 Va
108
101
IOC % 107
A-O
103
107% 107%
—
J-J
1970
F-A
■
.,
■■
,,1989
$104
107%
__
107% 107 va
M-N
1950
—
A-O
y'
y
■
.•...1946/
'
A-O
:
1949
y
—
■
50
""45%
--
7
J-D
»
45%
v/v/':,..- ;,./■•
.
:
Jf-N
V
MS
M
111
8
103%
s
y
J-D
—2030
111
J-D
7 s*''.
".1 :.'V
104%
110%
l"y'
—
68 Va
.
72%
13 i-
-
1959
F-A
•.
109Va
j
118% 119/
115VarH9
i:;y
103% 103%
—
110
105'%" 106%
.
~3>'-
'
■
•65«-', '72%
*
6
$106% 108
118%
111%
hi
;V
..
109% 109%
A-O
1960
debentures
f
104%
103
17
'■
"
1964
5s
106%
■
.
1954
5s
104 y8
105%
8
103 Va 103 Va
103%
47%
104%
y.i
103% 104
•;V'
"v.
—
;
47%
36
5
10
105% 105%
—•
y;yf;
2022
3%s
109
39
104% 104%
V
>
89%
:
.
$45%
J-J
'-y
103
105% 106
106
♦
J-J
1946
y-
103
-
1968
if.
1;
115%
167..;':
''
110%
104%
/
-
106
101%
76
77
57%
85
ALima City
i
86% yi
68
Maranhao stamped
103%
t
Mortgage Bank of Bogota—
103y4
104%
:i.
•;% -40
105 %
106%
1947
I A7s (issue of Oct. 1927)
1947
AMortgage Bank of Chile 6s——1931
Mortgage Bank of Denmark 5s..—1972
9
A-O
$104% 105%
1954
A-O
$119
108%
104%
A7s
105%
106
,
y.:-'".
,r—
120%
—
119%
119%
stamped
Interest
M-N
May
-yi'"-"*•
■'
•'
65%
65
10
60%
16
.
27%
77
78
76%
25%
•
;.<
%:;/'■
$93
•
-,y
y
76%
22
26% "!
92% 1' 96
■ If-.
89
977/a
25
$31%
M-N
J-D
$31
25
92
"
29
15
M-Vt
$52
reduced
52
<'
52
53
i:
j.
_
95
96,> 96
J-D
31%
J
52
$21%
J-D
>.
30%
$52
A-O
,•
..
32
%'
98 %
2yaS_.
2%.
6%s
to
2008
.
J-J
4%
J-J
31%
4%-
4%
J-D
35
31%
v
2012
1919
1921
•
4%
':35
35
35
US
4%
4%
2
31
31%
4%
56
:
28
6
4 Va
6
68%
'
A
1st
mtge 4s ser B
Sattern Gas
b
Fuel
b
Finland Residential
RR
;
r"
•v.,.;--
•
3%s
1965
J-J
1956
M-S
5s
34%
31
••
[■
106
$__
.
'
36%
■
'•No
3
106
106
US
—1961
Elm Ira Water Lt
■-*' I
124
104
106
A
'
—
++ 00
58
76
00 t-
$50
.
83
ser
6s
series
ser
1948
J-D
"*55
"
t
1950
3%s.
GUantanamo b Western 6s
Hygrade Food 8s
A
A_
B
1963
J-D
1958
J-J
r
•*
■■
' *
*
$105% 105%"
J-J
1
$106%
-
•
C8
68
—Jan 1949
A-O
$107%
—Jan 1949
A-O
$103%
r'.
■
—.
—
1
68
106
.65,
•
following
a
106%
68-u-
107%
Deferred
delivery
sale,
d Ex-interest,
'
asked prices; no sale,
being traded flat.
JReported in receivership.
Abbrevlations used
tire; "conv,"
e Odd-lot
Under-the-rule sale. r Cash sale, x Ex-divldend. j
cash sale was transacted during the current week:
N.
war.
M
being transacted during
/
above-"cod/' certificates of
"ww,"
omnibus
Y. City omnibus war
aomnt w«*.
,/
M
deposit.
non-voting stock. Tie.
with warrants; "xw," without warrants.
convertible; "M," mortgage; "n-v,
"wi." when Issued;
sale. f Ex-dlstributlon.
n
rants, Feb. 26 at V*.
A Bonds
1043/
107%
—
_.
value,
$ Friday's bid and
.
General Rayon Co 6s
Grand Trunk West 4s
Green Mountain Power
par
Ex-stock dividend,
The
Mtge Bank—
5s stamped
g
—
^united-
voting
:1
High
•
A5%s
1993
January 1
Low
..
96
$13%
u-s
\
stamped (Plan A)
ARussian Government
1993
•••:'
..
Range Since
y
No.
..
$21
,y
(Plan A)
Interest reduced to
Rio de Janeiro
•
A
\
-
(issue of May 1927)
Parana
$94
J-J
...—1951
AMedellin 7s
•
25%
25%
f.
;V
F-A
2ya8_.....2008
102%
107%
104 Va
J-D
Sold
(Plan A)
Interest reduced to
stamped
v
$76%
*
M-N
1952
6%s stamped 1958*
(Peru)
102%
1
J-J
Bonds
High
Low
t76%
A-O
Danzig Port b Waterways—
AExternal 6%s stamped
v
104% 104%
•
Bid & Asked
Agricultural Mortgage Bank (Col)—
A20^ear 7s
April 1946
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1
1948
Danish 5%s
1955
Extended 5s
1953
105
108% 108% 1
J-J
1
Week's Range
or Friday's.
Sale Price
.
1
-
—
Last
Period
Friday
Curb Exchange
26
/ 105% 106
J-D
:
Interest
BONDS
New York
104
104%
1981
4%s
9
■
82
83% i104
152
64% 68:
104% 105 ; /
,18
15
102% 102%.
104
-
]
82Va
(Bait City)—
ser
conv
-
,
Delaware Lack b Western RR—
Lackawanna of N J Division—
mtge 4s
102%
Foreign Governments & Municipalities
165;,
167
110
26
1960
1976
1st ref 2%s series R
1
;
•
114
165
2
114% 115
,
M-S
1st
$102% 103
—$163% 168
120
4s
Penn Traction
6s
106%
;
20
104% 105
F-A v*.;,;
,
J-D
M-N
v
Western Newspaper Union—
108%
"
1
105%
105% 107%
105
3'As
debs
income
High
106%
36
'$112% 113
Cities Service 5s_
,
105%
105% 105%
102
103
—
f AChicago Rys 5s ctfs (part paid).1927
Gen mtge
105% 105%
105%
J-D
120
Light Co-
West
103
105%
$166
J-D
Consolidated Gas
&
January 1
102%
"167
Q-J
1
107%
110%
114%
167
1970
mtge 3s 8er P
1st ret mtge 2%s ser Q
107%
3% Feb
$105% 106,
M-N
1962
ref
$108% 109
$100
3% 8-.:
119%
104
——'
,
Boston Edison 2%s
1st
78
108
A-O
stamped
Range Since
No.
102% 103
104
104%
J-D
1998
B.
; Debenture 5s
Debenture 5s
Power
A 5s
Jan
109%
//■:
J-J
Blckford's Inc 6%s
'
10%
118%
102%.
1964
Oi^fUElectrlo 3%s
Bethlehem Steel 6s._
•
104%
77
108
A-O
~
Telephone of Canada—
—...
103 y8
78
Jf-S
Eleo 3%a
b
Wash Water Power
Feb
$107% 107%
M-N
5s
78
1
Feb
Sold
High
110% 110%
1955
Registered
109
106%
14% Jan
:>H
$118% 120
Assoc T b T deb 5%s A
series
107%
106
;-
•
1107% 108%
A-O
Feb
Bonds
Friday's
$101%
J-D
2024
8
J-J
J-J
i
.
21J Jan
Bid & Asked
Sale Price
Period
1953
1st M 5s
9%
Week's Range
Last
Interest
4%s
Bell
7
j
16%
>
Feb
Feb
106
Waldorf-Astoria Hotel—
Feb
...
■
9%
—€1
Amer
Atlantic
10
13%
Jan
108 %
i- Jan
'
102%
i": 103% 103%
78
1959
Utah
Feb
Feb i'U>y
"
13
400
•,
104
102%
,
Jan
21%
*
:
J-D
United Light b Railways (Maine)—
1952
6s series A
Jan
ny';' 15%
Jan
'-
6
16
Low
Electric
Jan
.,8%
y
V*v Jan
107
'.t
..
y''i
•
15%
5s
New York Curb Exchange
Associated
Gas
United Light b Power Co—
1st lien & cons 5%s
2OV2 Jan
*Jan
102 y4
102%
108% 108%
A-O
Edison
United Electrio N J
Feb
19%
12% Jan-
U-v-'c-
■
•''■
/
;.7
yy
550
15%
Friday
BOKDS:
Jan
19Va
y
107%
5
:;-/i
American
.
Jan
17%
Feb
100%
101%
-
..
$105
1971
Gas
Toledo Edison
Jan
2"?
Feb
13%
900
21%
14%
m,
2
Woolworth
;
17%
250
.
800'
—100
Woodley
■'.'V
V-•
A 7-4s 2nd
Feb
18
Jan
99%
107%
18
..
101% 102
1952
(Hugo) Corp—
A7-4s 3d stamped
Btlnnes (Hugoj Industries—
Jan
31%
23% Jan
<: 13% Jan
21
y
P-A
Stinnes
f Feb
33 V2
y
99% 100 VA
y
...1951
Spalding (A G) 8s
AStarrett Corp inc 5s..
Jan
117
Jan
•
100%
100%
'
Feb*
8%
8V2
Feb
103%
,,
<
mtge 3s
Southwestern
Feb
12%
15%
1st
Feb
111%
V
-
Feb
Feb
100
-7%.
Cement—i,— .—10
Inc
Petroleum
(F W) Ltd—
deposit receipts
6% preference
Wright ■ Hargreaves Ltd
Feb
,.2% Feb
/Feb
-
58%
104%
y
103%
9%9%'^
—1952
—
Southern Counties Gas
'.,/•
Jan
50
'
100
y
15%
pfd
A
Feb
12%
■:
103
•99%
108%
J-J
-
Debenture 6s series A
25
4%%
Industries
18%
17% ■
103%
ye
55
"99%
J-J
1949
Lt b Pwr 6s B
inc mtge 3s
California
Feb
18
17%
102
7
A-O
perpetual certificates
California
Jan
30
50
18%
•
w w
Wisconsin
I
8
v'8Va
475
17%
107
8
..
$102%
A-O
<
Sinking fund deb 4s
Public: Service of New Jersey—
Southern
27
•-
Jan
30%
31%
110%
105%
'
—1964
Jan
5%
Jan
117
1
Winnipeg Etec common
Vtoodall
;
.
1-
common-
Wolverine
'.yy
30
29%
31%
28%
Willson Products Inc———.
Wilson
1,800
117,'. 117
10
Co
6%
111
.20
&
/.I.-700
111%
110
58%
$107%
4Va6 B——*1059
(Can)
Corp
13%
••
Jan
2
•
900
8 Va
.
—10
Whitman (Wm) & Co
Wichita River Oil Corp
0)
;
3,850
11%
8
10%
11
•
100
: 101%
Feb
112
«y8% Jan
♦
Weyenberg Shoe Mfg.
(R
/
8Va
2%
111%
-
2
J-J
3%
•
Feb
21
•
1
111
102% 103
1968
1st mtge 3%S—
Jan
Jan
ll2
i
42%
10
J-D
Power b Light 5s
:1958
Park Lexington 1st mtge 3s
—1964
Pennsylvania Water b Power 3%s.l964
Feb
3^i Jan
--1,300
-7%
1.25
-
preferred
Westmoreland Inc
Williams
i
33%
5
99% 100 V#
J-T
Pacific
Feb
.
3%
14
■>V 12 Va Jan
mm
400
2%
West Virginia Coal & Coke—
5
Western Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com
Westmoreland
11
l
Wentworth Manufacturing
West
26
10%
10%
-7%
...
Ward Baking Co warrants—1!—
Warner
1,800
;4%
pfd
cum
300
~5Va
'
Waitt & Bond Inc
Waltham
13%
4%
Wagner Baking voting trust ctfs
1% preferred—
4 3Va
•
94
,100% 100 Va
A-O
1971
Southern
200
78
102%
..
$103
99%
M-N
1st mtge 3s—w—j
;
Feb
6%
;
Jan
I
1948
5s
A5%s series A (90% redeemed)_1948
y
5%s
-
10
$103% 103%
1961
England Power Assn
San Joaquin
Soullln Steel
-
;
99%
42%
58
Af-N
Debenture 5%s
...1954
N V b Westchester Ltg 4s
—1—2004
North Continental Utility Corp—
»
,_i
3%
38
43
$102% 103%
J-D
deb
'
3Va
40
33
1
y
111% 111%
M-3
Eng Gas b El Assn 5s
Cony
W
Aircraft Co—
41%
F-A
Queens Borough Gas & Electrio-*
Waco
41
*37
_.
..86%
$105
A-O
New
22%
2% Feb
100
38
Jan
5% Jan
1,300-
13
38%
" 32% .38%
1
105% 105%
—1959
New England Power 3%s
4%
Jan
105
80
.
$110
—1963
to
Light 4%s
New Amsterdam
Feb
Jan-:
2,400
-
42%
S5
Feb
27%
Jan
9%
6,200
-•
86
..
J-J
-2022
Public Service Co of Colorado—
12%
37
34%
,
,
99% 100
J-J
Power
.—1
37
100
J-J
-1970
Milwaukee
3% Feb
-Jan'
2,400
Vaispar Corp common—
'$4- convertible preferred—
41
j
J^J
3%S
•
108 %
,1
33
37
37
J-J
..1957
5s
Extended at 4%
Feb
5
2% Jan
4%
4%
21%
.
100
.1952
Feb
23
common
107%
2
42
$38
High
103%
104%
t
J * *dm'
$38
37
Feb
-
18%
-
Insurance——
Universal Products Co
Utah-Idaho Sugar..
Low
102%
104
6
'•
..1966
Feb
3%
••
Jan
3%
common-.-
\
Jan
Jan
14%
1,300
17%
Jan
2%
82
;„1.
Universal Consolidated Oil—*—..
Universal
500
v-."75
-
Range Since
January 1
18
38%
V*.*,
Jan
Jan
15%
2% t' 3 %
:
103%
104%
38
F-A
-1963
New
U S Foil
"
No.
Jan
19%
80
Sold
$106% 107%,
1957
coupon)
McCord Corp deb 4%s
Midland Valley RR—
Feb
12%
1941
Power & Light 3%s
Kentucky Utilities 4s
Feb
3%
45%
1,875
46%
r
46%
293%
10
v
»•.
Jan
290
200
y
103
1955
.1957
—
Kansas
Feb
1% Jan
20
2%
1041 coup)
Electrio Power 3%s
Kansas Gas Electric 6s
Jan
;
Bonds
High
104
J-D
Altalian Superpower 6s
Feb
28
80
293%
2%
—
Specialties
28
290
Sharing
Preferred
United
' 28
"
100
103
M-N
1956
Kansas
1
10% prefeired-^j^,..——,2*..,-i.
United Shoe Machinery common.
■
Feb
101
28
Range
Friday's
or
Bid & Asked
F-A
.1070
Debenture 6s....—.
Jan
Feb
J-J-
.1963
series P—_
Interstate
Jan
27%
(Aug
A7s
Feb
17%
•
A7s
A 7s
if Jan
42%
.1950
series C
A6%s (Dec 1
series E
v
Jan
29
38% Feb
1,400
Amer dep rets ord regis..
RR b Canal
Profit
7%
Jan
7,700
United NJ
United
Feb
5s....,
ref 5s
b
A 7s
/
Feb
61
95
Ltd—'
Co
Feb
Jan
28%
AO %8
Jan
1,800
participating .preferred—
preferred ;——2i.ll
Molasses
9%
;6%
U Jan
*.
New
Sale Price
International Power Sec-
Feb
19,100
United Milk 'Products——
United
11%
Service
lien
Indianapolis P b L 3%s.
Feb
Jan
5
100
-
United
3%
Jan
56%
5,300
1st
Feb
14
Jan
400
.
Union Investment Co
United Chemicals
Jan
3%
2,900
„.
.
11%
1,200
„
Indiana
High
2,800
Realization
Last
Period
Low
" Shares
Udyllte Corp
Unexcelled Chemicals Corp
Union Gas of Canada
Week's
Interest
s.
Exchange
for Week
.
*
*
Friday
New York Curb
Sales
Low
Ulen
"
28
BONDS.
Week's.
.Last
Exchange
1217
EXCHANGE
ENDING
WEEK
FOR
U
Friday
..
J
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4573
Volume 165
'•
"cum."
ctxmula-
trust certificates;
"N^
-7
FEBRUARY 28
ENDING
WEEK
FOR
Last
Range
for Week
Sale Price
of Prioes
Shares
Low
Par
*
Corporation
Arundel
Preferred
100
1
vtc
Assoc com v t 0
Eastern Sugars
New
i
Kiuei"
«
45
;-A
Feb
9%
Jan
44 %
Jan
Jan
40%
29
46%
45
Feb
Jan
Chicago Corp
.—1975
Transit Co 4s
-
90%
90
—
$3,000
87
90%
Jan
2
50c
11
Club
Alum
Exchange
Last
Range
of Prioes
Shares
Low
Par
High
•\V
Range Since January 1
Low
t
Electric Household
Agri Chemical Co
American
•
Refining common—100
American Sugar
St
7%
Jan
50%
39%
41%
37%
41%
Feb
17
40%
18%
345
16%
Jan
19 y4
Jan
102
1,491
66%
64
66%
X125
125
Feb
45%
Hecla
&
919 A
57 y* Feb
33
33%
115
33
Feb
35
35
36%
540
3.5
Feb
6%
6%
150
6
Jan
9
•
100
5
10
6%
9
9
60
7
37%
10
50
8
28
155
15%
28
29
28'%
28
7%
14%
9
7%
Jan
28
,
5%
SS Lines Inc
Eastern
Engineers Public Service
First National Stores
18
Jan
Jan
Jan
-
30
Jan
8%
Gilchrist
31%
Feb
Isle
Loew's Boston Theatres
Maine Central RR comnmn
5 Jo
!
preferred
Rac'g
29%
Feb
991/4
Feb
124%
Jan
37
105
35
Feb
47
Jan
Jan
22
Jan
4%
Jan
Jan
9
335
2OV4
235
28'A
Jan
30
139
30 y8
Jan
32%
53 y8
Jan
59%
Jan
782
38
5
15%
Jan
40
Feb
18
Reece
29Va
Jan
531
612
8%
200
6
Btone
&
2%
Feb
101/4
Jan
3
Union
Jan
51%
120
16
Jan
17
Feb
6
Jan
7%
Feb
30
Jan
32%
Feb
6%
280
100
Feb
31 y2
Jan
8%
100
23
Feb
25
Feb
900
30 %
33 %
Jan
35
35
12
12%
3%
8%
35
11%
9y»
Jan
3%
10
600
.
Jan
Jan
Feb
Jan
39
Feb
13%
Feb
Jan
3%
'A; 750
Jan
4%
22%
22
23%
2,650
16% -Jan
23%
Feb
25
22%
25%
1,000
19%
Jan
25 y2
Feb
14%
14%
14%
2,000
13%
Feb
16r
Jan
10%
11%
Feb
10%
11%
31
31
1%
V,
350
I;
9% Jan
(
27
50
..
.
35 J
30%
Feb
32%
Jan
31
;
51
Jan
60%
Feb
355
19%
17%
Jan
14%
Jan
19%
Jan
67c
Feb
106%
Feb
121
Jan
25*
105
3
475
I
98% Jan
109
Feb
1,400
1%
1%
Jan
20
250
18
Jan
19%
19%
550
I 18
Jan
9%
9%
24%
21 %
1,250
30%
32
66
68
20
Jan
10% Feb
24%
Feb
22%
Feb
t.
a
27%
110
64
Jan
34
70
Feb
Jan a A
15%
16%
350
4
27%
300
23%
700
15%
16%
250
15%
100
19
7% Feb
r.24% Jan
22%
3%'
4%
15 %
9%
9%
9%
5
6%
♦
600
A. A
•
Feb
Feb
Feb
18'
Jan
Feb
24%
Jan
Feb
Jan a
6%
-
;l:
.
Jan
15
■'
■-
;
'15y4 Feb ;
7%
29
Feb
10%
Feb
Co
common
1
23%
23%
100
20 ya
Jan'
>24%
Feb
common
•
37%
38%
Jan
38%
Feb
17%
17%-
1,300
110
26 y4
5
17%
Jan
18
Jan
28%
Jan
39%
25%
1,932
23%
Feb
26%
30O
3 %
Feb
4%
Feb
245
12%
Feb
1%
Feb
1%
Jan
13% Jan
15 %
Feb
17%
Feb
1%
20
490
115
15%
14
14% Jan
34
25
23%
24%
13 %
12%
13%
9%
16%
16
16%
550 A.
15%
19%
19%
350
16%
Jan
59%
60
400
56
Jan
64 y8
common
vtc
preferred
10
100
39%
Jan
43 y2
Standard
♦
American Car
26
Feb
29
Feb
| 850
24
Jan
26%
Feb
30
175
Jan
270
148
Jan
180
Jan
•23
59%
10
common
20
29 y2
Jan
34%
Feb
24
Feb A
30
Jan
20
Jan
24%
Feb
Jan
13%
Feb
Jan
'16%
Feb
3,500
.
.
27%
42
28%
•
common
25%
26%
,
100
184
171% 173
2%
Manufacturing
Prefect
Potter
Circle
Co
100
(The)
24%
ou
•
common
54
1
-
-
5%
'
t.
190
-
Feb
Fruit
United
6%
Shoe
Oo
Rath
Packing common
Sangamo
Elec
Co
Jan
10%
37
Jan
50
7
Feb
99
Feb
Feb
•
Serrick Corp class B common
Shellmar Prod Corp common
1
37%
70
35%
Jan
37% Feb
46
25
43%
Feb
46
Jan
30%
100
28%
Jan
30%
Feb
Society Brand Clothes
48%
50%
2,694
44%
Jan
51 %
Jan
Spiegel
10%
10%
11
120
10%
Jan
11%
26%
preferred
69
70%
600
67
Jan
71
Jan
46
46%
210
45% Jan
46%
Feb
U S Rubber
—10
Warren
New
Westinghouse
Electric Corp.
50%
48%
Jan
60%
Sinclair Oil
Corp
28%
37%
20
40j/2
5%
100
5%
Feb
28%
Jan
32
25
Jan
30
Feb
38%
Feb
12'A
Jan
30
29
11%
•
27
27
♦
—
15%
100
450
55'
Jan
38%
1,700
35%
5%
v
Jan
11%
500
8%
Jan
27%
.15%
43%
Jan
50%
a
Feb
Stewart-Warner
17%
97
16%
Jan
17%
71
71
75
61%
Jan
71%
17
17
300
17
Feb
17
397
23%
Jan
28%
Storkline
Feb
27%
Feb
26
28%
Jan
9%
Jan
Feb
Jan
17%
Feb
Feb
4%
Jan
26 y*
Jan
15%
Jan
300
7%
Jan
800
13%
600
Sunbeam
3%
Chicago Stock Exchange
_
STOCKS—
Abbott Laboratories
common
—♦
Advanced Alum Castings
Ball Bearing
common
—5
I
.
76%
7
Aetna
Allied Laboratories
—
•
common
American Tel & Tel Co capital
Armour
A
Co
Asbestos Mfg
.100
common.
Co
0
common
Belden
Mfg
Co
Bruce
For
Co
Sons
(E
L)
footnotes
see
76%
76%
6%
7
6%
21
.1
—1
Co
II
page'1226.
Jan
39%
Feb
18%
19
200
18%
Jan
: 19%
21
300
19 %
Jan
30%
3iya
350
29%
20%
21
400
20
35%
200
35
Jan
1,650
24
18%
Range Since January 1
Low
350
'r'b-y
76% Feb
5%
Jan
;
'
High
:bb
76%
-
Bankshares
Woodall Indust
Yates-Amer
21
35%
x35
29
29
-
common
common—
Mach
cap
550
9%
Jan
11%
Feb
450
18%
Feb
19%
Jan
170% 172%
700
170%
Jan
174%
Feb
American Radiator & St Ban eom.
American
Rolling Mill
Jan
15%
Feb
Anaconda
Feb
3%
30%
a
Jan
33
Feb
Jan
22%
Feb
37% Jan
,
32
•
12%
74 ;v
27ya
19%
20
12%
8,400
•
75%
25%
26%
♦
30%
Jan
8,200
3
2,050
13
2%
13%
800
11
Jan
13%
5%
5%
900
4
Jan
5%
Feb
6%
7
6% Jan
7%
400
;
69 y8
Jan
24
1,900
5
19%
450
12%
12%
Jan
550
10%
Jan
11%
■
300
a
"
19%
15%
150
33
Jan
37
Feb ' i-
Jan
Alleghany
Corp
4%
Copper Mining
I
Continental
3%
Jan
13%
Jan
1^%
Feb
,
'
"
;i2% Feb
•
14 Va
;
Jan
700
Jan
41%
41 '/a
33 y4
Jan
j.-
10%
Curtiss-Wrlght
Farnsworth
6
Television & Radio.
19
Jan-
21
Feb
General
100
13%
Jan
14%
Feb
"•*
Graham-Paige Motors
Electric
Co
550
14
Jan
17%
350
11%
Jan
13%
Feb
Laclede Gas
300
45
Jan
49
Feb
Nash-Kelvinator
43
43
250
41%
Feb
40
Jan
41
;50
New York Central
100
40
Feb
45
Jan
North American Co
5%
8
37%
37%
4%
4%
-8
18%
_•
19%
18%
19%
U%
ii%
11%
Light
Ooip
RR capital
-4
.10
0
500
11
-
41%
9%
Jan
(6
1,000
5%
,4!) '
20%
Jan
.,:!!%
Jan
100
7%
Jan
500
35'A
1,550
37/a
12%
>
Jan
8
37%
5
?
>
•
Feb
'41% Feb
•' v! A.}
»
.Jan
300
Feb
12%
47%
11
•
5% Feb
Feb
17
r
Jan
37 y2
—
100
«.■
18% Jan
11
Motors
750
16%
700
16%
—
-SO
Columbia Gas & Electric—
14%
%
"4%
15%
•
10
Certain-teed Products
21
.
Feb
Feb
'23%
Jan-
250
.
Feb
13
11
15%
79%
28%
Jan
l
Feb
2,300
Feb
U Jeb
Feb
33
15% ,16
•
2
r%
Feb
15%
1
12 %
lis
X22
Feb
Feb
Stocks—
45%
*
Feb
19
t.
AA-<
Unlisted
18%
34%
Feb
42
Feb
11%
13%
13%
:
Transp capital—
Feb
7%
Wisconsin
*
2
common
Lines
'V;
5
25 ;
i
w
-5
I
10
700
•
common
Westlnghouse Elec & Mfg com
Wieboldt Stores Inc common
A..
200
(The)
Air
Tool
18%
14%
15%
200
40%
5
capital stock—.
.10
_
11%
39%
10
11%
34
capital
common
Shares
High
X12%
5%
-3
common.
(E J)
of Prices
2%
—3
common
Berghoff Brewing Corp:..
Binks Mfg Co capital
Borg (George W> Corp
(
Borg-Warner Corp common.
Brach &
15
—4
common.
Aviation Corp (Delaware).
Bastian-Blessing Co
170%
1
Athey Products capitalAutomatic Washer
18%
■„
'I 11%
4
■
common
U 8 Steel common
for Week
Low
1
common
Machine
Co
Rights
--1 «.'• Sales
Range
gale Prioe
Par
A
10
Corp common
&
United
_
Furniture
Sundstrand
Trane
Week's
15%
3%
1
Feb
Swift
Friday
Last
Corp
v\15
*
Jan
17%
a;aa
Feb
Jan
16%
550
400
15%
vq
9
2
common
Dredging common
Standard Forgtngs common
Standard Oil (Ind) capital
Feb
17
26%
Inc
1
common
Standard
Feb
205
A
162
~~n
*—•
.—I*
Il2%
Co
common
!
57%
49V8
50%
•
System Inc
(S D)
55%
-50
U S Smelting Ref & Min com
Waldorf
v,
46%
.—25
—
Feb
24%
Feb
69
25
Jan
Jan
110
2,100
28%
♦
49%
.2.50
common.
Feb
Feb
9%
25%
54'
27%
37%
10
common
Sears Roebuck & Co capital
30%
Inc
ri
Jan
Feb
46
——
Drug
Machinery
A
Feb
-
20
101
24%
7%
•
100
A
7%
101
<'■
4
20% Feb
700
2,100
45
7
-■
20%
10
.
9%
39
.
•A
...
21%
x8%
8%
25
,—6
capital
(The) Co
186
21%
1
common
I.
Feb
150
•
500
200
4,000
■
United
/
Feb
41%
1
X
preferred
Pennsylvania RR
Feb
3%
15%
Hart Inc
33
24
23%
33%
—•
common-
Products
capital
Corp
Parker Pen Co (The)
common
Peabody Coal Co class B com
Feb
14
West
37%
I—5
United Carr Fastener Corp—
United-Rexall
U
Jan
Jan
Jan v
9%
<
Feb
10
Feb
23
50
A
6%^ Jan
Feb'
a-8% Jan
100 A\
:: fifoo
10%
1
Jan
25
,
13%
950.'
26
17%
•
29 y2
Jan
10%
700
*6%.
26
,10%
—7
A
Feb '
3%
400
12%
•
15 y4
22
1
Feb
Feb
6%
27
4%
Jan
Feb
100
"22
•'
21 V Feb
A.
Feb
27
19
Feb
I.Feb
20
.
450
6%
6%
>4
Feb
20 y4
750
Vi'.i
14%
common
9%
200
20
31
9%
20%
10%
6%
312
1%
♦
16*.
100
Oak
Jan
37%
15%
Jan
Bancorp common
Northwest Util pr lien pfd
1% preferred
Feb
40c
14%
15%
13%
Nunn Bush Shoe common
283
100
12%
250
,—♦
Northwest
Feb
21
19%
50c
23%
1
15%
9%
& Chem
prior
North
3%
—
31%
V.
Jan
Feb
Jan
—1
common
Printing
65
Jan
29 y8
19%
1
—.
McNeil & Libuy
Jan
7%
300
.
19%
100
Ext Unlv common
Salle
Ldboy
9%
700
8%
20
—10
Inc common
preferred
52
800
61%
Feb
30%
8
1
Montgomery Ward & Co——
Feb
X34%
24%
59%
8%
29%
3'
capital
Stores
A
National
Jan
70
1%
60%
50
8%
.i
58%
1%
8%
25
Modine Mfg common (new)
30%
111%
Class
$1
Jan
109
•
.—
100
Feb
Feb
32
16
Miller &
Feb
45
104
*
10
Drill
Jan
♦
Mkuuifl
"
Webster Inc—
Twist
9y8
85
103
*
Feb
618
30%
■
Co
Marshall Field & Co
17
18%
25
Torrington Co
23%
1
Parts
Motor
Mickelberry's Food
17%
V
111%
50
Assn
600
1
Lincoln
Jan
32
.
56%
•
Machine
Folding
Bhawmut
Jan
I;\a»
30%
56%
*
100
2.50
Corp
Reece
'
70% Jan
50
Jan
50c
Pennsylvania RR
Quincy Mining Co
7
30.%
•
Lindsay Lt
Feb
15%
47%
30%
19%
Pacific Mills common
3,350
1
Line Material common
35 y«
30%
16%
—
Mining
Butte
North
8%
Jan
22"%
Leath & Co
44.15 Feb
25
3
17
43.58 Feb
1,225
8%
Inc.
preferred
Feb
91
10
common
Kellogg Switchboard common
England Gas & Elec Assn—
5%%
13%
24%
•
Werner
-
Jan
X45%
National Service Cos
New England Tei & Tel
Feb
,♦
common.
Katz Drug Co common
Jan
32%
44.15
common
& Dk
Spencer Bartlett common
La
21%
30
57%
W)
Dr
Brewing Co G capital
Jim Brown
Jan
115
29%
47%
Nash-Kelvinator
New
95
50
15%
*
Assn
75
20
36%
*
Mergenthaler Linotype
Narragansett
37%
——100
Alkali Works
Mathieson
12%
200
Interstate Power $6 preferred-
Jan
67
95
44.15
•
—25
100
Copper
Feb
118
54%
1
15
Royale Copper
63
31%
57
*
_•
Hathaway Baking common
Kennecott
400
Feb
15
Illinois Central RR common—
'
•
Gillette Safety Razor Co
Feb
13%
84
(new)—
Indiana Steel Prod common!
21
—
27
98%
1
•
Indep Pneum Tool
29%
31
•
Co
Feb
8%
common
(H
Illinois Brick
Feb
Jan
95
1
Eiectnc
General
Feb
26%
65
8%
10
common
Hupp Corp common—
Feb
?y8
6
*
1
_
Jan
9%
Jan
31%
common
Hein
35
Corp
General Capital
24%
Jan
400
1
Hibb
Feb
23%
75
Co
Helleman
Feb
9
n%
A
115
i;
—
118
•
common
Employers Group Assoc
63
Jan
24%
common
Inc
Harnischfeger Corp
Feb
42
63%
Bros
Lakes
Great
192
30
63
_
100
100
100
pfd series A
preferred B
preferred adjustment
Jan
8
100
AA
96%
1%
Brewing common
Safety Razor common
Gossard
39% Feb
8
Jan
15%
,
Gas & Fuel Associates—•
•
preferred
100
Eastern Mass Street Ry—
Common
—100
1st
1,200
8%
8%
10
Inc
Hammond Instrument Co common
a
Jan
10
6%
6%
20
350
36
Feb
11% Feb
0
Co
Refrigerator Co
Goldblatt
69% Jan
33%
■
Feb
Eastern
6%
Jan
83
31%
1
0
15
Gillette
Jan
50 %
100
100
„
Jan
"7%
*
Corp
Gibson
135
Feb
100
100
Service
7%
160
10
Drive Auto
(Peter)
3,000
A A
29%
20
sh vtc A
America
General Finance Corp
General Motors Corp
Maine
Personal Prop Trust——
Boston & Providence RR
of
Mills
Four-Wheel
Fox
Feb
Jan
46%
Boston
Calumet
27%
485
127%
prior
Cities
43%
659
46%
Herald
Boston
Feb
44%
40%
42%
46%
Traveler Corp
RR*—
preferred
5% class A 1st pfd stamped
8% class B 1st pfd stamped
10% class D 1st pfd stamped
Boston
Feb
Feb
125%
Elevated Ry
Boston
44%
174 %
•
Edison
Boston
Jan
Jan
100
RR
Albany
&
Boston
40%
169 %
•
100
—28
Inc
& Son
Bird
35
1,675
,
170 % 172%
Jan
Jan
2%
'
'
——50
Woolen
Anaconda Copper
American
42%
38%
43
42%
42%
170%
—10u
lw & Tei
American
120
41%
Jan
42
Feb
27
8%
—5
National Watch
Elgin
High
i"iuur
A
20
Jan
2
65
♦
common
common
Util
Feb
38
83
5
Dodge Mfg Corp common new
Domestic Credit Corp class A
for Week
Sale Price
STOCKS—
xl6%
50
98%
10
(Ulie) Co Inc
Consumers Co com par
Sales
Week's
Products Co
Feb
12%
Chicago «fc Southern Air Lines—— •
Chicago Towel Co com capital
*
Commonwealth Edison
23%
26%
*
Chicago Milw St Paul & Pac pfd—100
Coleman
Jan
65
Chioago Elec Mfg class A pfd
Feb
Feb
21%
750
7%
I 8
II
Feb
21
1,750
11%
22
23
5
———-•
—
16%
Jan
200
-2%
7%
*
common
Jan
19%
,
41
,,
11%
%
10%
100
;
17%
41
Corp common
Cities Service Co common—
Friday
xl6%
2
High
1,300
22%
41
Chrysler
Boston Stock
17'
1
Light pfd
Convertible preferred
21%
10
Range Since January 1
Lou)
16%
20%
common—1
common
Cherry Burrell Corp common
Bonds—
Baltimore
(A M)
States Power &
Central
Jan
Jan
43
42
j
Jan
44
Co
&
14%
AAA
-
Shares
High
20
10
Central Illinois Secur Corp
Central S W Util common
Jan
Feb
—
common
Low
16%
1
12%
Carr-Consolidated Biscuit common
Castle
13 % Feb
160"" Jan
Jan
Jan
40
100
.
25%
Brothers
Butler
,
Feb
Jan
26%
97
44%
44
20
National Bank
Western
40
27%
44'A
11%
154
27
-
•
500
40
.
7
37%
400
.
159'A
27%
40
_sn
Guar
v
13 %
13%
.—2
Amsterdam .Casualty
23
275
38
High
V
a
Par
Ring common—
Burton-Dixie Corp
Feb
23%
95
7%
37%
157
20
10
Deposit Co
Fidelity & Guarantee Fire Corp
&
Fidelity
Low
24
7%
37%
Range Since January 1
High
23'A
.
v t c——-—
common
Co
iiMiibH
ban
Piston
Burd
")■/1
for Week
of Prices
• ;■ Sale Price
stocks—
•
•VIf
Sales
Week's
Last
STOCKS—
v
Sales
Week's
Range
Friday
Baltimore Stook Exchange
Friday
Monday, March 3, 1947.
EXCHANGES
OTHER STOCK
RANGE
1
CHRONICLE
THE COMMERCIAL & FINANCIAL
1218
r
Feb
6%' "Feb
8%
Jan
Jan
39%
Feb
Jan
5%
Feb
-
.
300
5%
Jan
19%
400
15%
Jan
19%
Feb
Feb
20ya
400
17
Jan
22%
Feb
G
30% Jan
6%
33% Jan
.
Volume 165 * Number-4573
THE COMMERCIAL & FINANCIAL CHRONICLE
,'-fc
OTHER STOCK
RANGE
Week's
Friday
Range
Pan
Motor
Shares
Low
Amer
Paramount
Pictures
Inc
Oil
Co
26%
28 Vs
1
27%
28%
of America common
Standard
Steel
On lied
&
Co
Jan
Jan
30%
Feb
Jan
24 y4
Feb
8%
14%
14%
10%
15%
30%
14%
Feb
15 V*
70
Jan
Chicago Stock Exchange
Jan
Feb
Detroit Stock Exchange
Feb
New York Curb Associate
Exchange
Feb
Jan
Members
New York Stock
Feb
Jan
65
20O
Jan
25%
1,000
65%
Jan
13
200'
1,000
16
16%
30O
13%
Jan
17
22
22%
200
21
Jan
24%
9
9%
1,400
7%
Jan
9%
Jan
4%
Jan
300
13%
Jan
/
Telephone: Randolph 5530
Feb
3%
14%
DETROIT
Building
Feb
914
Ford
,
Feb
22 y2
14%
*
common
26%
21%
65
1
1
*
Corp
Wilson
31
25
400
14%
WATLING, LERCHEN & CO.
Feb
14% Feb
100
28% v~. 30%
1
Corp common
Sunray Oil Corp
7%
Jan
100
28%
,22% 7
29
14 %
High
1
Jan
11%
500
•;
9%i* 9V2
15
6
300
14%
.25
Spring
Studebaker
1,600
15%
1
•
Oil Co Inc..
ofN J.
Oil
28%
"
Radlo-Kelth-Orpheum
Republio Steel Corp common
Standard
7
22%
common.
Socony Vacuum
Low
14%
com
__
(Thei
Radio Corp
13%
33%
new
Pepsi-Cola Co
Pure
6%
2%
Airways Corp
28
Range Since January 1
High
•
Car
FEBRUARY
for Week
of Prices
Par
Packard
EXCHANCES
ENDING
Sales
.
Last
Sale Price
STOCKS—
WEEK
FOR
1219
* Jan
15
Detroit Stock
Exchange
Week's
Friday
Cincinnati Stock
Friday
,
Exchange
Last
Range
for Week
of Prices
Shares
Par
American
Laundrv
American
Products
mm
1
Brewing
Champion
N
Gas
O &
65
32%
75
3%
Jan
6%
298
bva
!
Jan
4 y4
Jan
24%
24%
Brown
37%
Feb
:4%
Feb
7
28
1
24V^
Feb
Davidson
P
Feb
Detroit
Feb
Detroit Gray Iron common
18%
14
18%
Feb
-21%
Jan
Detroit-Michigan
29%
344
27%
Jan
>,! 29%
Feb
Detroit
10
107%
Jan
86
13%
14%
97%
97
13%
—50
Stock
Union
*
Yard.
12%
Feb
110
„io
Gibson Art'
Electromaster, Inc
86
Feb
88
Jan
14%
Feb
Federal
98 y4
465 I
96% Feb
99%
Jan
Frankenmuth
13%
432
13%
Jan
14
Jan
Friars
58
»*
Miami
Little
special
Lunkenheimer
&
Motors
30
32 y2
169
24
Jan
32%
Feb
Gerity Michigan Die Casting
Goebel Brewing
65%
■
<67
5ya
16
^
92
65
6
Jan
5
383
40
5%
41
Jan
69
Jan
5%
230
57%
17
26
16%
223
26
42%
Jan
49
52 ya
Jan
17
Jan
61%
Jan
Houdaille-Hershey
Feb
27%
Jan
Lock
Kinsel
Jan
49
Feb
Masco
Jan
52%
Feb
Cities
28%
30%
32
33
Jan
32
23%
Jan
10
37%
Jan
2,435
3%
Jan
220
12 ye
4 m
4%
13
13%
6%
Jan
27 y4
Jan
Jan 1
"
3%
Feb
121/4
y
;
Feb
21
Jan
14%
5
Jan
2
Jan,;
8
Jan
8
Feb
9%
Jan
Jan
65%
Feb
8
Feb
6%
Feb
11%
Feb
59%
60%
7%
7y8
7%
2,610
6%
6%
715
•11%
11%
100
10 •/«
Jan
470
19
Jan
21
Feb
200
16
Jan
18%
Jan
7
8
mm mm
:»
■T."*
0
150
!!
8
19%
100
607 !•' !
20
17
2%
L
5
Prod
52%
6
18%
>;•
Jan
"
Products
Feb
18%
100
16%
Jan
-
7%
7%
250
7%
Feb
:
2y8
2ya
100'
2
Jank
6'/a
u<u
6%
100
Jan
Feb
9%
Jan
6
5%
2%
.
18%
Feb
20 Va
Feb
9
T
,
Feb
2%
,
Feb
6%
Feb
2 y4
2 '/4
1,200
2»/4
Jan
2%
Jan
lVa
1%
8,483
1%
Jan
1%
Feb
4y8
4y8
300
4'/«
Feb
4%
Feb
21%
21%
21%
180
21 Va
Jan
23 y4
Feb
14%
14
14%
500
11%
Jan
15
Feb
1,137
2%
Jan
i;
common.
i
common
Abrasive
Feb
216
t* 550
2%
*
Oil
Feb
5
—
Screw
Feb
4%
2%
6%
1%
common
*
common
III—II10
Murray Corp
National Stamping
Feb
31%
.
'
••--.Vy
,
207
32
;
—10
35%
Jan
17s,a
—-i'vv
McClanahan
33%
11%
500
Feb
Jap
3
60%
5
...
LaSalle Wines
41%
Motor
10
165
5%
25 y4
;
5
i
Mfg.
&
49%
-
Rolling Mill1—
Service
—-—1
11% 1
21
Jan
j
Drug
Mid-West
American
200
20
f\
■
Car
Motor
"93';
'
-
700
3,444
3%
13%
Feb
65%
Hurd
Feb
17%
Hudson
19
V.
Feb
8
'
Jan
57%
Feb
26
542
65
49
51
5%
27%
iVk
*
io
Hall Lamp common
Feb
50%
Jan
57%
:
16
Jan
46%
12
16%
62%
•
-re..
Jan
Feb
Jan
14%
50
47%
57%
II50
Unlisted—
7%
11%
__
Hoskins Mfg common
16
•
46%
63%
•
;——
;
...
123
7%
fmmm
Finance
General
16%
*
Gamble
S Printing—
(Preferred
Feb
10 y4
20
common
General
Feb
26
1
U
Inc
Feb
57%
*
—
Wood
12%
^c
.—
Magnavox
'
v
50
-
Procter
i.
——.......
Jan
101%
Jan
1
24%
<16
2%
Jan
26%
1
Jan
40%
—
...
Truck
Brewing
Jan
1
Kroger
Motor
Ale
20
i'V.-Vv
<*
__.il
Kahn
Jan
9
3%
*
11%
-1
2»/4
:
5%
1
—
100
♦'
Feb
88
27
Jan
13%
10
24%
*
12%
100
10
7%
1
12
—
Jan
228
1
—
23%
65%
__
Hatfield
Hobart class
Stove
Steel Corp
32%
.—.
Feb
IIV2
690
5
12
•
*
Formica vL-_
common
23%
——
-
Edison
861
Gar
*
Drug
Eagle-Picher
Jan
5%
2%
2% J
10
20
26%
86
3%
Jan
101% 101%
mrnrnm
10
50
Jan
13%
Feb
■.
100
■■
Feb
86
20
...
—
High
2%
4
"
r.
12%
Bros
36
110
600
'
23%
28%
140
5
12%
1
40
no
iv;v:
-Lorn
2%
,
4%
■
1
25
28%
..100
'
***»
5
!
...
26
18%
.8^50
""Cincinnati Telephone
Dow
McLaren
Chrysler Corp
Crowley, Milner
50
*
-W-
2%
2%
.
Range Since January 1
High
Jan
Feb
Low
1
common
50
preferred
Street
Cincinnati
High
26
common
Gas.
T
24%
new
...
Cincinnati
Baldwin Rubber
Low
!
?
1
Electric
Detroit & Cleveland Navigation
Fibre
&
Churngold
Cincinnati
High
6%
Shares
1
Allen
"..
Range Since January 1
35J/4
_
Paper
Cuiciiuiaci
j!,!!
4%
mm
6%
»
i
Aeronautical Products
34%
;
*
Carthage Mills
C
v,
—2i
Machinery
bttieranK
Burger
Low
for Week
of Prices
Par
Sale Price
STOCKS—
Range
Sale Price
STOCKS—
Sales
Week's
Sales
Last
3y8'
2%
2:
m'y
'
6% Feb
'
'
3%
Feb
•
City
V;
Ice & Fuel—
Gas
''rtiumbia
10% "li%>, ;
59% .61%
.
10fs
4—_—-—
Motors
General
ny»
•6'S
—
30
Jan
407
10%
Feb
138
■
51%
Jan
32 y8
Feb
12%
i.
Jan
Packard
Brands
Standard
Roller
Timken
36%
*- i
—
_.
34%
Feb
Park
37%
Jan
Parke, Davis
50%
Jan
100
•..37.- r
49%
49%
49%
*
Bearing
87
45%
Motor
65
Feb
"
Jan
;
Car
Peninsular
Rickel
Rlvpr
Metal
(HW)
Raisin
.1—
Products
V"v'1 ';7
;
STOCKS—
■'4
"'
«
:
Par
*
Akron Brass Mfg.
;
!
50c
Alleghany. Corp { Un)——1
American
Products
Home
Tel
i
—
al70%al72%
*
_
Clark Controller!
Cliffs
(Cleveland
Cliffs
Iron
pid
!
>.
—
Consol Natural
Gas
,
(Un)
16%
a
;
—
a
-
100
Jan
Jan
13%
Jan
28%
134
5%
Feb
7%
16%
30%
15
Mfg
7
34 y8
174%
»
32%
19
103
Gabriel
Co
62
Jan
73
General
Motors
General
Tire
Goodrich
,
Rubber Co—.—i,
&
(B F)
25%
Jan
29%
Feb
Bandini
Goodyear Tire & Rubber common
Gray
Drug
Stores.——,-,
Great Lakes Towing com
Bros
Hanna
48
Feb
54%
Jan
Barker
Feb
3,948
106
a54% a547%
-
75
-
72
10
48%
-
Jan
Jan
75
Feb
57
68
V Feb
28,
28
150
18%
Jan
29%
59%.
250
54%
Jan
61
Petroleum
Bros
Rayon
Interlake
al4% al4%
50
12%
Jan
17%
Jaeger Machine old
New
*
•
■:
35%
Jan
39%
51%
Jan
.;V '■< '
Kelley
Island
Lime
&
5
-r
•
.
33%
a36% a36%
20
a68% a71%,
a58y8 a61%
—
81
61
118
0%
Jan
60%
.Metropolitan Paving Brick
: National
Jan
100
20
Jan
23
National
N Y
Tile
:
&
Central RR
Mfg
(Un)
Ohio
iOhio
27%
Jan
28 %
,
.
36
110
32%
31%
Jan
R
RteH
44
22
l(
common
World Publishing
Ypungstown Sheet
Younxstown Steel
&
Tube.,
Door
lUn)
Jan
Feb
12
14%
1,145
14
Jan
18%
Feb
Jan
2%
Feb
2
.
Feb
Jan
2
Jan
2%
Jan
7;
Sales
Week's
for Week
Shares
Range Since January 1
3%
916
l
6
Corp
Jan
25
22%
Jan
27
80
50
Jan
51
Feb
75c
1,200
70c
Feb
90c
Jan
6'/a
70c \
'6
70c
825
5
Jan
8%
7%
7%
9
•
4%
6%
200
2%
Jan
2%
7%
Jan
9%
6,965
ey2
Jan
V
8%
Feb
Feb
1,495
2%.:. 2%
8%
High
ay8
51
51
50
Consolidated
Low
High
a27y8 a27y8
•
common
1
Oil
•
13%
14
♦
28%
28%
Packing
Corp ' common
Investment Corp
Feb
Feb
Feb
13
Feb
14%
Jan
16
Fuel &
Iron
3%
a
I
Feb
Dresser
45%
Feb
Electrical
Feb
Emdco
Derrick &
Oil
16%
12% Jan
600
688
9
62
Feb
8%
2,780
6%
a28%
i12
Jan
25
-
62%
8%
Jan
190
27%
1,365
3%
Jan
19% a20%
95
30
Jan
3%
16
31%
4%
22
Jan
36
Jan
Feb
Jan
Jan
28%
Jan
397
20
Jan
25
Feb
100
18%
Feb
20%
Jan
Jan
101%
—
!■
Industries
—
535
495
70
29
7,060
26%
Feb
34%
Feb
21%
720
20
Feb
23%
Jan
aG8%
120
a—
19%
65
14
14%
852
io
11
1,100
1.55
1.65
6,500
8
8%
450
14
14
320
19%
y
Co. Ltd diss A
1.60
Farnsworth Tele & Radio Corp...
class "A"
10%
60%
*
30%
24
Feb
26%
Feb
V 26
.'U 30 y*
104
38
24%
Paint Corp
common
Jan
Jan
Holly
a57%
8%
Jan
10%
Feb
25 ya
Jan
30%
Feb
Foods
1.15
—1
6%:
Motor Car Corp.
Inc
common..
Jade
QiL Co
Jan
54%
13 y«
Jan
16y4
28%
Jan'
Lane
68 Vb
Jan
79%
Feb
Lockheed
12%
12 Ye
Jan
27
Feb
—
—
■:
26%
28
50%
12%
27
*
27
:;
62%
Jan
a20% a20%
16%
Jan
,
.
....
,
Feb
Feb
,
—
a_
21%
Feb
21%
Feb
14
Feb
15%
8%
Jan
11
1.50
Jan
2.05
7%
Jan
9y«
Feb
Jan
14%
Jan
13
Feb
Feb
Jan
50
9%
Jan
10
Jan
61%
1,138
52%
Jan
65
Feb
150
2iy4
Jan
28
Feb
31%
130
30
Jan
34
Feb
a57% a58%
155
54
Jan
55%
Feb
316
82
Jan
97%
Feb
Jan
Wells
12% Feb
Jan
! 34
>,72% Feb
j,-..21% Feb
_—
Los
Petroleum
Oil
Menasco
Co
►
■
~"
15%
...lOo
1
Co~
Company..
25
25
.—1
a6%
Jan
1.35
150
16
Jan
20 Y*
Feb
510
23%
Jan
29
Jan
1,400
;
60
1.10
6%
Feb
;
160
92 %c
1.00
3,850
65c
Jan
18
1,200
18
Feb
82 %c
—
1,756
6%
Jan
9%
135
15 y$
Jan
16%
160
5,350
1.25
Jan
19%
80
17%
Jan
19
Jan
265
145
a
42
900
80c 82
2%
49
J
8%
260
.
7%
3
1,620
52%
3,400
260
75c
2%
49C
Jan
Jan
Feb
Feb
1.00 Feb
22
15%
7%l
15%
al9
Investment Co.—... ...100
Petroleum
■
I
Company
Manufacturing
Merchants
'
1
;
Aircraft Corp
Angeles
Mascot
.....1
1.
Co..
1,25
18(%
.
18
95c
7.10c
....
Kaiser-Frazer Corp
92%
1.10
a6%
—10c
Feb
Jan
'
1
Intercoast Petroleum Corp
23%
211
Feb
Hunt
50
14%
16 y4
20
26%
18%
Development Co
Motor Car Company—
382
54%:; 54%
Jan
Feb
60%
92%
Hudson
Hupp
'
a
al0% alO%
Feb
a9%"i1a9%
Feb
13 y8
31%
a
common
Hancock Oil Co class A common
Feb
Jan
! 353
91 Vz
20
26 Va
(The)
Corporation
*
*
Jan
30%.,30%
a
a68% a71%
a
...
Gladding McBean & Co
Goodyear Tire & Rubber Co com
Jan
a65% a71%
£!*•
101
19%
26 y4
i
General
35%
a24V8 a24%
Feb
20%
28%
'
•
Feb
25
90
29%
16%
98»/4
Equipment Co..
General Motors Corp
21%
%
y
19
•<15%
Fltzsimmons Stores
a73% ft76%
27
com
Corp.;
Garrett
50
14%
-
al9%
:
Products
Jan
30
—'
•
a 19%
Douglas Aircraft Company Inc—
Feb
a22 %a22
29
.
18%
Jan
24
.
>'777
new
Inc
'
Feb
a37%a37%
„
Corp
of America,
Creameries
24%
18%
20
Feb
a34%;a34%
—
*•
*
13%
100
24 y4
24
100
•.
common
Preferred
22
Feb
10%
3%
^ :
*
1,295
-
'
1
6
Chrysler Corp
45
■■■«
Jan
62%
7%
8%
—^
_v
200
Range
•
36%
>
Jan
22
125
a28
10
(Un).
Ulchek Tool
v
Feb
.
7
13%
Jan
Jan
34 Vi
55
15 =
7<:7>
common
21
7
Jan
510
2%
3%
Chica
Lincoln
17
Jan
I
1
Colorado
Feb
108
Feb
62%
*
Ohio
28%
10%
•
of
135
62%
*
•
(Un)
Rubber
Standard Oil
105
22
1
.*
J50
"Richman Bros
Seiberling
11
a41% a43%
4 34 35%
7-77
'•>%:< •
•!.A!
Radio Corp of Amer (Un)—.
Republic Steel
75
105
—
8
.
Sargent
Pennsylvania RR (Un)
^
T 30
22
*
(Un).
.'Patterson
4
'
of Prices
2
Central
Feb
44
-*
_
Edison__.
Oil
.
♦
1
-—•
,;phio Brass class B
2%
__1
Certain-Teed Products Corp
Feb
183
30
—!
'.v!
,—*—4 .<?'■■
Acme
2%
Broadway Dept Store new common
Feb
53
22
28%
105
—;
;
*
—
17
2%
California
Feb
22
-!
10
class B
:
13%
16%
Low
Berkey & Gay Furniture Co...
Feb
1%
Jan
28%
•
—*
100
*
Trans
Sessions
(A G)
Jan >:■'
6 Va
11 '/4
'
r
):■
V
.
ILamson &
McKeC
*
!>
800
13
'
17
.4.
4
Blue Diamond Corp
65% Feb
0
common
Feb
Feb
Feb
62
34
com——
18%
151
269
Sale Price
preferred
Bxeter
...
4%
Jan
Angeles Stock Exchange
Oil Co
Basin
Feb
90
Steamship
(Un)
com.
Company
Corp
^Bkrnnart-Morrow
Feb
a61% a61%
—*
—*
pfd
4%%
(M A)
Industrial
Jan
200
'
13%
Par
Feb
59%
—
a37% a37%
5
com
;
STOCKS—
Consolidated Steel
Halle
*
4
Feb
13%
10
,
•
27 V*
26%
*
common
«
—1
Feb
115%
1
*
i
(Un)
Jan
Jan
Last
95
10
(Un),
Electric
6'/2
13
;
Friday
Jan
Bolsa
General
19%
8Va
9%
100
4%
Jan
8%
Jan
135
550
6%
^ !
mm mm
Feb
Jan
75
;
? '
mm mm
Feb
Jan
111% 114
—
,
Jan
':
Feb
7%
3,005
9%
19%
^
^
1
!.
Los
93
a50% a50%
(Un)—25
...
—
Feb
Jan
15%
,
common
Feb
111
—1,
*
.Firestone Tire & Rubber com
4%
7% Feb
Feb
10%
35
-J
„
Jan
4
Jan
Feb
Jan
385
*
—
—
Rubber—
Faultless
4
77
Electric Controller
Jan
4%
Jan
7
a73% a75%
i
*
(Un)——1
—
5
15
41%
A:
.
■
Wayne* Screw Products new
Feb
4%%
Eaton
common
<•
1 !
Feb
Jan
170
60
6%
16
Radiator
S
Warner Aircraft
101
98
98 Vt.
111%
•
pfd_:
4%%
Graphite Bronze
Corp
5%
3%
50
20
a32
a32
—
r
1
...
111
Elec
Cleveland
4
-
a97%
a9%
1
■.
■
^ 80
U
High
i-;■...
City Ice & Fuel
Cleveland
4V4 75
7!
:
Low
,
—100
-i
.
5%
al5
■
,
(Un)__i
com
Apex Electric Mfg common
:
5%
.
v__
Range Since January 1
'
15%
15 %
a28%a29%
(Un)
Tel
&
.
--
5
Coach & Body_—_i__:
American
« ;
High
6%
Feb
"7 " 3%
210
13
4%
:
A7 400
8%
8
9%
—
1
Brewing
Udylite
United Shirt Distributors—
_
Shares
of Prices
-
Low
-
.....—I.B
Timken-Detroit Axle
Tivoli
> for Week
Range
1
4
13
mm
Jan"
Feb
39
'
' Week's ;,■#? Sales
'.
Last
-
' Sale Price
•;
; v '
American
Friday
v-
•
!
4
v"
9%
1
com.
230
3%
8%
_
6
5%
500
/
39
4
•
,f
,
common
Standard Tube class B
Cleveland Stock Exchange
"3%
-i
10
new
5%
39
2
Papnr
Mfg
•
Co
Scotten-Dillon
Sheller
5%
0
__
250
6%
6%
'mm*
"IIIIIIIIi s
Chemical Co
1.60
95c
3%
60c
Feb
Feb
Jan
Feb
Jan
Feb
Jan
Jan
Jan
>
OTHER STOCK
RANGE
EXCHANGES
WEEK ENDING
FOR
Monday, March 3, 1947
CHRONICLE
COMMERCIAL & FINANCIAL
THE
20
FEBRUARY 28
Friday
V"''y STOCKS—
FAIRMAN & CO.
Btudebaker
Swift
&
Texas
'
1
.
'
:
.
Listed
Gulf Sulphur
Co
—
,
Rights
United Corporation
100 '
Last
Range
Sale Price
of Prices
Shares
..
Low
Jan
250
57%
Jan
60
Feb
145
51 Va
Jan
51 Va
Jan
315
18% Feb
149
93 Va
—
10
Co
Union Tei
4%
46
5
22%
253
Jan
Jan
a__
Feb
%
3%
23%
Feb
Jan
13
Feb
4%
Jan-
Jan
a57% a57%
20
-59
Feb
59
Feb
17% 17%
a21Va a21%
„
—
12% }
1
10
20
—
175
Feb
93%
.
Jan
a__
237
v
3%
-
25%
200
15
Jan
18%
Feb
Jan
23
Feb
28%
Feb
26 V4
11%
50
—
—
—
17%
35
24% Jan
543
27
12%
50
-
9%
400
Jan
Feb
Feb
50
305
13%
50
Feb
High
Low
High
,!
3
3%
__
•
2*
A—
Willys-Overland Motors Inc
Woolworth Company (F W)
Range Since January 1
—
,
*
—
Westinghouse Elec & Mfjr Co
for Week
Par
37%
il
(Del)
Warner Bros Pictures Inc
Western
STOCKS—
Feb
—
U S Rubber Co
Sales
Week's
Friday
Jan
35%
19
a97% alOO
al28Vaal31%
a217/8 a23%
—
—,—10
Inc
Air Lines
United
ANGELES 14 — TRinily 4121
West 7th Street — LOS
2IO
if
SCHWABACHER & CO., SAN FRANCISCO
YORK
•
Railroad Co
Union Pacific
Direct Privet# Wires to
-
19%
15
19
—
Union Carbide de Carbon Corp
ALLEN & C0.f NEW
1,266
a56%
a59
a52% a53V»
—
.
10
Tide Water Assoc Oil
High
22%
21%
i
..
..
a56 Va
25
*
Company
Texas
Unlisted Issues
—
■
•
..'
.
25
Company
Low
High
a35% a35%
1
Corp
Range Since January 1
Shares
FACILITIES
Stock Exchange
Member Los Angeles
Low
Par
BROKERAGE
AND
for Week
Range '
of Prices
Sale Price*
COMPLETE INVESTMENT
Sales
Week's
.
Last
(i.
Jan
5
Jan
1
Monogram Pictures Corp
Diablo Oil Mining & Devel Co_ —1
5
100
95c
1.00
Feb
1.15
Jan
14%
14 %
1,950
200,
95c
1
14
Feb
14%
Jan
18c
20c
4,400
12c
Jan
22c
Feb
9
9
280
5
Mt
National
City Lines
Pacific
1
1st
-5%
1st
Jan
62Vac
2.05
Feb
300
2.05
85,340
.15 Va
15 Va
600
14
Jan
41%
417/8
292
41
Feb
40
32%
common
a41Va a41'/a
—25
a33% a33%
■v..', -14
a52% a52%
a607/a a62%
e
<
15%
Feb
Jan
41%
Feb
Jan
33
Jan
55
Jan
62%
29
Richfield
Oil
•
Corp
Roebuck
5
Budd
Feb
29
Feb
Chrysler
11%
Feb
Cooper
Jan
16 Va
Feb
54
314
21%
Jan
35%
Jan
39
61
54
Jan
-
Co common
—
Light
Solar Aircraft Company—
—
34
33%
*
6%
21 Va
21%
49 Va
41%
* ;
—10
Feb ',
11%
29%
Feb
16% Jan
13% Jan
Jan
34%
•
Feb
1%
•
150
prefered class B
5 Va % preferred class C
California
So
Standard
6%
Gas
Pacific
Southern
21%
Sunray Oil Corp—
States
Steel
9%
de
Jan
9%
Jan
19%
15%
Jan
5
20 %
Jan
20%
Feb
22 Va
Jan
11%
Feb-
22 Va
21%
981
Jan
10
Jan
1,539
107/a
25V4-"!
26
Alaska Juneau Gold
Co-!
26%
*
Preferred
3%
common—
17
preferred
United Gas Improvement-
Jan
10
8%; Jan
.13%
Westmoreland
Jan
Inc
—10
Coal
—
Unlisted
1.35
1.30
1.35
5%
;; 800
8c
8c
■*; 8c
1,000
16%
——25c
Rad
&
San
Stan
Corp
•
Cos.—A
American Tel & Tel Co
American
Viscose
16 Va
525
115
6%
Jan
Refining.; CO
Aviation Corporation
12c
Jan
14
Jan
16%
Feb
Aviation
Bethlehem
58
Feb
58
Feb
Jan
171
2
.40 %
490
38
40%.
■
Ji5%
1%
Jan ft
.
Jan
•■.ftY 4%
3% Jan
..
4V4
Feb ft
Feb.;
452
49%
Jan
51%
Jan
9901'
..
22%
i;
23%
18%
29%
30
:
V!
>
Jan
24%
Jan
18% Feb
1-116
18%
Feb
Feb
32%
Jan ?!
29 Va
60
25
6%
r
•
41%
Feb
Jan
15 V8
Feb
Blaw-Knox
97
Jan
Clark
Feb
36
Feb
Columbia Gas
.
Steel
Corp
Pacific
5
Tractor
——
—!
Electric
Gas &
Commercial
Solvents
Aircraft
-
13%
1
Jan
45
46 Va
Jan
46%
270
12%
Jan
15% Feb
20 %
Jan
42%
Lone
Jan
Gaa
bear
Mountain
—
50
...
»Feb
63
24
32
.
&
Oil
Gas
Pitts
8crew
&
Bolt
31 Va
Jan
,31%
Feb
Oil
Co
3%
Jan
3%
Jan
Jan
16%
Jan
United Engineering
9% Jan
<12%
Feb
United States Glass
j
&
Renner
Foods
_e
Nickel
International Tel &
Kennecott
30%
Jan
31%
Feb
520
5%
Jan
6%
Feb
60
19
Jan
18%
50
16%
Jan
37%
525
36
Jan
39%
Co
of
42%
*
42%
274
42%
Feb
42%
Jan
64%
4%
-
a
70
a69 Va a69%
4%
4%
a44%
13
;
Canada.
a
Co
250;
-
15%
Copper Corp
Feb
16%
9%
1%
350
1
211
64
9%
64
64
37%
39 Va
Va
9Va
«
:
16%
Loew's Inc
McKesson
York
Central
American
Oil
13
Jan
36
300
14
Jan
17%
Packard
45%
Feb
45%
95
39%
Jan
60 Va
442
57
Jan
19%
Car
16%
9%
Jan
22 %
•
l
•
,•
•
v
10%
31
32%
.1
22%
178
22%
Jan
22%
Southern
Standard
&
Oil Co
Webster
54%
Jan
60%
•
85
/22%
Jan
24
252
8%
Jan
10%
footnotes
v
Jan
30%
Jan
35%
Feb
26
I 27%
258
23%
Jan
28%
Feb
*
■»
v
•
page
'
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1871
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*
St. Louis Stock
Last
Feb
935
25Va
Jan
30%
Feb
15%
Jan
130
47
Feb
47
49
a__
STOCKS—
Feb
14%
Feb
American Inv common
39%
Feb
41%
Jan
Century Electric Co
65 V4
232
65 %
Feb
68
Feb
80
15%
Feb
15% Feb
65 V4
r
'
Range
Sales
for Week
of Prices
Shares
Brown
a__
Week's
Par
80
a36%
Exchange
Sale Price
Friday
415
a40 a40%
65%
Feb
35
162
26 Va
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Chicago Stock Exch.
al5% al5%
25
Inc
sea
-■
30%
.
For
Jan
14%
a43% a45%
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Feb
36%
225
34%
Feb
9%
Bt.
York
Feb
a23 a23V4
6
14%
..25
/
36%
32%
Members
New
Feb
189
24
28%
.
-
36%
Jan
26%
L '
'
a 3 6%
(Ind)
(N
30%
Feb
a57% a59Va
Brands Inc
Co
Jan
24
a58%
Railway Co
Standard
7%
26%
675
210
.IB
Feb
14%
Feb
Feb
1,250
-
Y
Feb
9%
Republio Steel Corp.
Bocony-Vacuum Oil Co
16
,?
33
300 North 4th
Feb
Feb
25
27%
Radio Corp of America.
Jan
Edward D. Jones & Co.
Feb
Jan
31
7%
*
Feb
13%
St. Louis Listed and Unlisted Securities
Feb
150
28%
—•
Feb?
16
•••■
Jan
62%
110
26%
Pullman Incorporated
Pure Oil Company
Oil
42 %
Y.
825
6%
<
Feb
40%
Jan
14% Feb
Jan
20
Co
24 Vs
Standard
25%
31
-50
17%
12%
Feb
alOVa alO%
.10
..1
Stone
Jan
60 Va
10%
Jan
Company
Motor
Jan
40% Feb
100
Feb
9%
alOV4
Pennsylvania Railroad Co.
12%
60
100
ft
14%
Feb
200
:■
a39% a39%
Paramount Pictures Inc...
Jan;
Jan
23%
\
-II
20c
14%
Jan
22%
Co
Jan
Jan
14%
•I
Janft-
147
e
RR
Aviation Inc.
American
Feb?
ftr.Y 2
10c
14%
-"5% Feb
11%
411
Il8
& Robblns Inc
Montgomery Ward & Co, ln<;.
Jan
Feb
9%
Jan
33%
v
10%
10%
a24%
Jan
—-•—1
voting
a—
f,a24% a25%
.
!
67
?
1% Jan
.
14%
•
Jan,
10% Feb
1% Feb ?
52
40%
14%
Feb
Jan ft
16%
42%
Jan
7%
10,300
-
16%
-
40%
1
common
15c
-
Feb
;
37% Jan
loo
1%
10c
15c
ft
280
;
9%
r.
,
8V4 Jan
275
1%
1.
1
5
& Foundry—
.
■
19%
Jan
250
1,210
1,120
Established
Libby, McNeill & Libby
Feb
24%
Y,
Jan
a—
165
15%
45 Va
20
;
Jan
3%
..
50
13'
45%
15%
18;
,
Jan
14%
19
16
i—1
....
17%
18%
'
64%
700
v
44%
a33% a34%
Tel^Corp^
Jan
Feb
Jan
?
a69%
—1
30
Feb
42%
37%
._*•
Corp.
Goodrich (B F) Co
Graham-Paige Motors Corp—
Great Northern Ry Co pfd
Inter lake Iron Corp
International
705
6
5%
'
-1
Jan
2%
21% Feb
100
New
37%
.,
Light Corp—.
General Electric Co
General
6
100
22
trust ctfs
Vanadium Alloys Steel
*
Westinghouse Air Brake
•
Westinghouse Electric Corp com__12%
a—
al8%
31 y4
.1
—
Power
a—
al9% al9%
-5
Class A
Electric
123
a37% a39%
31 31%
15% Jan
1%
9
Standard Steel Springs—
15%
.5
(Del)
Crown Zellerbach Corp—..
Curtiss-Wright Corp
25
9%
Ban Toy Mining.
67
Feb *
12
Jan
273
—5
Corp.
120
810
27%
"30
15%
To
Feb
1,250
.
Feb
"18
*
Pittsburgh Plate Glass
Jan
al6% al6%
Jan
Va Jan
30
,
18%
.10
Corp
—————
Common v t c
Continental
;1
2
18
v'
?'
21%
Pittsburgh Brewing preferred
Feb
,
Flreproofing
Ohio
Feb
63
Jan
National
24%
i2:;
:
11%
17% Jan
Feb
Feb
'
'
Jan
12
3%
100
48%
20
Jan
10%
2V4
.10
Jan
10%.'
10
504
2V4 "
—10
Fuel Supply
Feb
:
100
11%
Refractories——
11%
al6%
■11%
Jan
42 Va
Harbison Walker
24%
3%'
...
20%
129
31%-
11%
ft.
—10
100
31%
1,
Corp—,
Continental Motors Corp
—
Steel
.310
25
18%
11 Va
.
ft,
—«
Corp—»— —11
Commercial
11%
11
a28%
18%
11 Va
■' 10%
18%
—*
Electric
a23% a24%
11%
Corp——•
*
<,
29,
29
65
V
St
Oil
Follansbee
Jan
96
Jan
ft
—*
Candy—
Yftft" 40
,fti;
High
Low
41%
150
%
39% Feb
92
y
13%
a59% a 59%
Feb
24
Jan
37% Jan
325
-
a46% a47%
13%
75
455
94%
a43% a43%
—10,
Commonwealth Edison Company
Commonwealth & Southern Corp.
Vultee
a46%
Corp
•ft?
a21Va a21%
__
19
310
23%
94%
—
25
•
Railway Co
Cities Service Co
Columbia
ft
a43Va,
15
Borg-Warner Corp
Caterpillar
■
5
Borden Company
Canadian
22%
a36% a37%
a37%
5
—*
—
Range Since January 1
Shares
47 Va
44 Va
44 Va
—
Co
L)
(D
Continental
7% Feb
;
•
Allegheny Ludlum Steel
Jan
6% Jan
for Week
f.tyjs. !,;.■?? Low J High
■
13
260
6%
Par
■
36
110
14%
—
Sales
Week's
Range
of Prices
,
Last
Jan
a—
Jan
Friday
Sale Price
STOCKS—
97
2,000
a89 &93t%
a35% a35%
15
a90%
«
173
a—
13
Works vtc
Corp
Boemg Airplane Company
Ohio
Feb
Pittsburgh Slock Exchange
Devonian
Baldwin Locomotive
North
Feb
1%
Jan
•3^
Jan
74%
Jan
Jan
8c
638
40%
100
25
3
(Tlie)i.
.
—
,,
50
5
% & S P R* Qp
Atlantic
North
49
<•'
1% Feb
.
1,792
23
30
—20
;
-
'.437
51%
Feb ft
I 21% Feb
Feb
1.35
.1.00 Feb
a517/a &517/a
al70% al72 V4
al70%
100
Copper Mining Co_—
Armour & Co (111)
a55% a56%j,
■—!
—14
Corp..
Anaconda
New
Jan
128
r
Feb ft
30 Va
Jan
18 Va
23%
Stocks—
American Smelting & Refining
,
/
%
:
51
51
$3
44 Va
71
Feb
106%
Jan
124
Jan y
29%
'
■
Jan
21
55
4% .,4%
3%
3%
4%
25
——.
United Corp
U
—25
Transit Invest Corp common.
27%
-
Jan
19%
1%
::.!%
1%
26%
194
■■
Jan fv
Jan "?
9 V4
Feb
-
74%
...
51%
Jan
389
457/a
72%
•
ft,
Feb 7
Feb
%
613
y
44%
72%
■
Feb
Jan
27
•
104% Jan
;
7%
22 Va
'
Jan
24%
Feb y
Jan l
,,1 %
T
J
,
Jan
44 Va
Feb
Jan V
V;';/12
Feb
:' /7
>
231
■%
5%
23%
830
>:
21 Va"
44%
~e
Tonopah Mining
Jan,;
Jan
8
a5%
a5%
10
Mining Co
G & S Mining Co__—— 1
Cons Chollar
Cons
common
—
Jan
20
-r
135
65%
39%
Jan
Jan
—
:
6,438
29%
20%
.50
:
55
vy-
28%
26
Va
28
Jan
1%
•
25%
105% 106%
3
Jan
24%
8,877
8%;
,
27%
28%
Westmoreland
Jan
;
Co
Sun Oil
Feb
17
8
244"!
9 Va
9%
—
<.
79 Vs
Jan
24%
950?
V*
26
a 16%
al6%
;
•
70%
627
76%
v
,!
50%
Stocks-
Zenda Gold Mining
Bendix
*
Scott Paper
Feb
Jan
10 %
10
Reading
Feb
12%
13%
21%
8
24%
25
lioo
Philco Corp common
44%-
44 Va
•
Jan,
10%
■
2,051
-
Feb
30
76%
Kamp's (H D)
Mining
Atoft
7%
1,008-
:
';
1,923
—*
Corp
47
;! 58
14
13%
21%
25
—
...
preference common—
3.8ft preferred .—
Feb
Jan
53% Feb
41
430
,a20% a20%
Bakers Inc——*"
Western Air Lines Inc.——
—1
Amer
Feb
al7%ar7%
5
Universal Cons Oil Co—
Van
39
1,093
54%
9 >9%
13%
United-Rexall Drug Inc
United
37% Jan
10 V4
of California
Union Oil
Philadelphia Electric Co common-
\
53 %
53%
—t—50c
Transcon & Western Air Inc
Feb
25
43 V»
42
42
Corporation-——»———2
Transamerica
Pep Boy's
32
a38%a38%
—
1
.—
Inc
Textron
Feb
Jan
Jan
51%
,
7,408
25%
—1
32%
30%
'
21%
23%
Pennsylvania Salt Manufacturing- ..10
Jan
31% Jan
771
.v,-:
20%
1
24
.50 S
Si
•
—.—*
Calif—.
& Light
Power
997
31%
31 Vs
31%
25
pfd A-
Company
Oil Co of
25
25
:
11%
32
Penna
Pennsylvania RR
Feb
24%
110
6% .'! 7%
6%
Pennroad Corp
Feb
12%
47
35
1%
,
V
21% Feb
178
•
Feb
6
Jan
* •
1,652
27 Va
y 1.05 Jan
1,312-
.61%
10%
"105%
Jan
8%
220
60
Motors
5
1,082
26%
Jan
11%
Jan
21'/a
11%
Jan
32%
11%
.
Feb
86%
435
60%
15%
'
;
15
■i-'ioo
27 Va
85c
34 Va
31%
1
Ltd com—25
southern Calif Edison Co
Jan
5%
-
•
1,350
415
11%
452
5
Jan
-y
157/a
15%
Feb
732
.;
Lenigh Coal <te Navigation
National Pr & Lt ex-distribution
General
i
15%
ejf
i-
24%
11 Va
'
Sinclair Oil Corp
Jan
10%
i!.. 5%
Feb •
19
10%
*
—13 Va
Battery—
Stprage
28 Va
1; 174%
Feb
Jan
96% 100%
—5
1:
—
Jan
100
13"14%
13%
High
25%
170%
23%
Brothers common
Jan
:
Pub
Co
22%
:
__
!•: !
i
Corp
Brewing
Electric
-13
.
Gimbel
11c
,14c
Low
113
1499
26%
26%
170% 172%
1170 % >
Range Since January 1
High'
Jan
Jan
55%
'7,500-
95
' ' t "
v
29 %
110
13c
92%
I'
Curtis
23% Feb
563
12c
1
Signal Petroleum Co Calif
Jan
54
-
■
a29 a29% 4
v
a29
—25c
6%
100
vtc
—
Delaware Power &
Feb
23
•
37%
—15
Corp„
Trading
V'
Low
26%
Co
Jan
:?7
**
.100 L-
It Tel.
Tel
American
14
231
Shares
—
Baldwin Locom Wks
Feb
37%
23
23
*
: "III30
Security Co—.—
Shell Union Oil Corp——
Sierra
i
V
for Week
....
9
26%
5,800 •;
a6%
a6
1
Co—
&
11 %
al5% al6 V4
al5%
common
Ryan Aeronautical Co
Safeway Stores Inc
Sears
107/a
300
29
10%
•
Republic Petroleum Co common.. 'IIIII
Stores
American
"
Puget Sound Pulp & Timber Co.. ftft?
Range
of Prices
Par
Feb
Jan
Sales
Week's
Last
Sale Price
STOCKS—
Jan
61
275
Feb
42
<
51%
1
„1(>
Pacific Lighting Corp common
1.10
40 ;
..25
Co—
30c
Friday
Feb
Jan
40
1.45
15 Va
preferred
preferred
Pacific Indemnity
9%
40
1
& Elec
Jan
7%
<1.85
1
Products—-
Gas
6%
20c
1
Oceanic Oil Co_
Pacific Clay
Philadelphia Stock Exchange
**
Corporation Ltd-!——.
Northrop Aircraft Inc
Occidental Petroleum Corp
Nordon
Clinton
Shoe
common—
common
Low
1
1
Coca-Cola Bottling
common
1
13
34%
10
common
High
13
—15
Industries
I
34%
.9
i.ft
9
Range Since January
Low
...
Jan
100
12%
70
34%
Jan
975
7 Va
Jan
13%
Jan
36 %
Jan
Feb
ft 9
37%
'Jan
30%
36%
.
1
High
.
37%
525
36% Feb
28%-
30
185
25
.
1226.
s '
Feb
Feb
Number 4573
165
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
1221
OTHER STOCK
RANGE
^
Friday
Week's
Last
STOCKS—
':4':44:.4''4 V1;--V
gg,
Brewing
common
General
Electric
common
General
Motors
General
Shoe
Houston
Oil
common
High
1
(Un)
Jan
24 %
y;:;' v"."i4':.
Richfield
Jan
Corp
ft- Jan
3b %
Feo
6 5 3,4
Roos
Feb
Bros
& W
S
San
Monarch
Meyer Elanke
Midwest
1st
St
Sterling
Sux,
"A"
Serv
&
Wagner
Electric
com
17ft
141
141
Tide
Feb
Transamerica
Jan
Union Oil
Feb
141
Feb
22
.32
141
Feb
Union
10
10 ft
1
28 ft
29
27ft
Jan
5
new
29ft
Feb
15
15 ft
15
Jan
18
Jan
15
common
Co
Feb
ouc
common—
Puller
—5
__
of
49
9ft
51
Feb
42
10ft
Jan
Friday
r
Air
Oil
Atlas
Imp Diesel Engine
3%
5%
5%
540
5ft
35 ft
1,733
33%
Jan
9ft
9%
9%
1,208
Art
Tile
class
■
Packing
14
a53ft
a53% a54% '
a59%
a59% a61%
100
*
2ft
Machinery Corp
25
100
r.-
,
•
'• 't
1j )>-
a31%
i
Galland
Linen
General
Motors
General
Paint Corp
i-Cum
ssrrvice
Corp
Jan
Jan
22
Jan
21%
Jan
23 ft
Jan
hi
Feb
.....10
_
1
Hale
Hawaiian
Stores
I;
Jan
Jan
Jan
63
Jan
Steel
Calif
Canadian
Pacific
17%
Feb
Cities Service
Jan
29%
31%
107
6% Feb
Co
29
Jan
Jan
108
Jan
Commercial
Feb
123
Jan
Commonwealth
Columbia
32% Jan
■
8% Jan
10
a29%
—i,
*
Edison
Co
of
22 'A
Feb
7ft
Jan
85ft
Feb
6%
7
350
6%
5%,
59ft
61%
Cons Natural Gas Co——-—
;p:*.y
15
Co
Publishing
Co
26 ft
540
22%
22%
5% .:
750
4%
Jan
5%
Jan
65%
Feb
Goodyear Tire
28 ft
Feb
23
Jan
Gt
22%
8
30
Jan
.
Jan
a33ft
a34
310
a27%
a27% a27%
50
33%
27
35 Va
19%
19%
19%
535
*
al8%
Foods
Inc common
6.66%
Hutchinson Sugar Plantation—.
15
Idaho Power Co——_
——20
24ft
24ft
25%
597
11
11
11
20
10
50
37%
Jan
Feb
al8% al8%
37 ft
Nor Ry
.
29
Nickel
Kennecott
Jan
44
Feb
18%
Jan
20
Feb
Loew's
United
Filters
Jan
22
26
all
10
'
Jan
54%
Jan
11%
v:;-124
24
24
'.•170
3%
1,702
28%
28%
454
a49% a50 Va
102'/2
26
Matson
Jan
20ft
Feb
M J & M &
Jan
29
Jan
Montgomery Ward & Co
Feb
11
102 ft
a
11
Jan
Jan
.11%
Feb
24%
Jan
3Va Jan
27% Jan
3%
Jan.;
24
.
'
29%
Jan
Feb
a—
76
12%
9% Jan
'■
Feb
39
Feb
3.9
Feb
10%
Jan
12
'v Feb
Feb
37%
1.10
Jan
1.45
Feb
6%
Jan
9%
Feb
32%
;26
35
:
,
32%
27
118
200
35ft
Central
Y
North
32
ft Jan
26
120
34ft Jan
Feb
35
30
Jan
10
Jan
Jan
37%
V'
a44% a46%
V'
4
55
a
39 ft
Feb
56 ft
16
Jan
35%
187 >
200
60%
5%
Feb.
8ft
Jan
Jant;
Feb
Feb
._
6
3ft
33%
33%
33%
Feb
36 VW
Jan-
15
15
15
150
14ft
Jan
17%
Feb
a45 a47%
331
46 Va
Jan
49%
23'A
Jan
25%
Feb
47
Jan
49 Va
Feb,
24"
Jan
26 ft
Feb
a47%
24%
;
6%-
it 5
300
<2,995
i
Feb
^2.80
315
25%
24%
& •%*•{
33%
165
} 4}
3 ft< .Feb
Jan
Feb i
'
25%
25
1
5
25
635
21c
20c
20c
———*
a49
a49
a49
"/
2,900
18
Jan
23
Feb
627
56
Jan
64
Feb-
a587/a a62%
aeO'/a
RR
—
American
410
15ft
Jan
19 V$
Feb
409
16'ft
Jan
22Va
Feb,
637
16%
Jan
22
10 Vb
165
9%
Jan
10%
Feb
31ft
31ft
332
31
Jan
32%
Feb
20%
20%
175
18
Jan
22%
Feb
179
a—
390
5
21
21
20
19'A
20
1
10%
10ft
10
31 ft
100
20%
*
Pacific Railway
Northern
18 ft
21
a22 Va
*
*
North American Co common..
■:>' Jan
18 Va
18 ft
5
capital
Aviation
cap
;;
Feb
Ohio
Oil
Olaa
Sugar' CO—...
Jan
17%
Feb
Jan
37
Feb
Packard
Jan
Pan
15
Feb
Paramount
14
Feb
16%
16%
415
14%
35%
35%
.145
31%
3
3
3
1,800
rvv3/;;
Jen
15
15
650
12%
13
825
v
.
a22 a22%
Feb
Co
common
3%
Feb
5%
5%
5
16
16
%'
18ft
—
a—
*
18%
2,451
120
119
120
37
*
7
6%
7'A
595
2.50
14
13 ft
14%
1,230
1
a27ft
a27%
a27>/2
Pennsylvania RR Co-'—————50
24'A
24%, 24%
i a29
a40%
a28ft a29%
————100
Preferred
Motor
American
Co
common
Airways
Pictures common—
.
P.
—
5%
Jan
7%
130
28 Va
24 V4
Feb
128
25 ft
30%
Jan
682
Jan
Feb
Feb
15
Jan
Feb
Feb
120
11%
Feb
Jan
'
12%
al3% al3% '
12
11%
12%
11%
10
14
Jan
11%
3,720
Feb
14ft Jan
12ft Feb
Jan
13
13
13
50
10%
Jan
14
Feb
73
54
72%
Feb
78ft
Feb
Pullman Inc cap
33fto
Pepsi Cola Co—
Phelps Dodge Corp
72%
10
29
29
.
29%
233
29
30%
Fpb
*
31
31
31
225
30%
Jan
31
Feb
11%
11%
11%
210
11%
Jan
13'
Jan
12
.,12
100
11%
Jan
12 ft
25
——a587/8
Pure Oil Co common
Jan
Class B—.—1——*
Pacific Amer Fisheries common
5
Corp of
*!
:
9%
a28%
17 A
*
America—
23
■.
v
5
a40% a41%
1
192
a57 a58%
115
'
>■
377/s
54 ft
V
26 ft
30
42%
Jan
23%
340
21%
Jan
9 V2
Oft
257
8%
Feb
Feb
Feb
Jan
M.i-
55%
Jan
23%
'■
Jan
23
'
Feb
10%
Feb
a28Ve
a30
257
25%
Jan
30%
Feb
17%
18%
419
17
Jan
18%
Feb
Jan
Phcific
Can
Co
com—
6%
*
common
—
1st preferred—
1st preferred
5%
1st
'
12
all%
5
42
all% all%
.
21
25
8%
9Vi
42
2,78t
41
41ft
38%
38%
38%
11%
2,300
41ft
41
v
25
preferred—
-
Oft
25
25
5ft%
,
.
Republic Steel Corp common
*
Riverside Cement Co A——'——*
'
—5
—
Pacific Coast Aggregates
Pacific G & E Co
—
■
33%
33%
886
'
33%
Jan
12 Vs
Jan
•n40%
39%
35%
240
175
9%
Feb
Jan
Jan
42ft
;
41%
So
Feb
Feb
33%
Feb
Oil
Cal
6%
-
•'
Ed
Ltd
—
Pac
Lighting Corp
*
Pac Tel & Tel
Paraffine
Co's
common
& Realty
Incorp
Preferred
republic
—
—
361
105
110
100
_*
—
Co
12%
656
27V4
27%
253
113 ft 122 ft
77%
77 Va
a53'/a»
7.50
•
12%
119%
—*
preferred-—_100
r,
•
89
;
/
33
35
—
62
Jan
Standard
Jan
105
Feb
Studcbaker
)2%
13%
118ft
Feb
Rheem Manufacturing Co
footnotes
fee
page
1226.
790
15%
Feb
16ft
Jan
14 ft
655
14%
Feb
15%
Feb
25
33%
33%
34 ft
31/a
a31 /a
31%
32 ft
931'/a a31ft
*
R30 A
a36'A a36%
25
65 A
—_1
—25
22 /a
a36 A
--.-----23
Swift
Co
Inc
of
——
N J
Corp common
&
Co
cap
Aircraft Corp common
Jan
268
70
Jan
78
Feb
United Corp of Delaware
57
Feb
57%
Feb
Utah-Idaho Sugar Co common
342
" ';
33
23
29'/2
1,665
89
91
25
32
129
:> 89;
■
Feb
Vica
Feb
Warner Bros Pictures
93
V
Feb
20%
Feb
Jan
Westates
22
22
23%
326
21%
Jan
25" Feb
25
37%
37%
37%
585
35%
Jan
38
1
10%
10%
11
200
10
Jan
22%
22%
23ft
909-
21ft
Jan
'
34ft
Feb
627
33
Jan
628
31ft
Jan
32%
Feb
30%
Jan
31%
Feb
"■'■'15'55
a—
a..
•
622
23%
}
65 V4
Feb
69 %
Jan
500
65%
22%
Jan
18%
Jan
24%
Feb
25
;
a
a—
—-
11%
25ft
Feb
Feb
Feb
Company
~5
1
—5
common
Petroleum
common—
Preferred
18 ft
3'r*
4%
85
18'A
Jan
19%
Jan
3%
'200
3%
Jan
4ft
Jan
4%
1,500
4%
Jan
4%
Jan
4
Jan
3%
4ft
:
2.25
2.25
2.25
100
1.75.
Feb
5
18 /»
16%
17
587
15
Jan
1
38c
38c
38c
1,570
30c
Jan
f
3%
'4ft
1,123
—25
*
Westinghouse Electric Corp com—12 ft
Wooiworth (F W) common
10
Western Union
a
.
al7% al93'8
1
35
Jan
25 ft
65'A,
a36% a36 %
18ft
Feb
United
*
For
Jan
28%
Feb
Feb
1
common
Oil
Jan
103%
27%
30
15%
14%
' *185
'
a53%a56%
33
2S%
77%
Brands
en ft
'
1
common
Petroleum
62
104
12ft
common—
Ravonier
62
104
27V4
Phillips Petroleum Co capital—
Pig'n Whistle Conv prior pfd
Fuget Sound P & T common
Railway Eq
62
*
common
,—
Pac Pub Ser common
1st preferred
18 ft
15%
14 A
5%%; preferred
Standard
y $5 dividend
18 ft
J5%
capital
common
preferred
Jan
1 18ft
*
15
Corp
Oil
21 v'
__———*
Shasta Water Co com—
Sinclair
Soconv-Vacuum
ft
-—-———25
Jan
Feb
Jan
38 Vs
■
1.
Feb
32
<
Jan
Jan
15%
1,073
4%
6ft Feb
Feb
17ft, Jan
15
Feb
25 V2
2.95
Feb
35%
50
e'A
Jan
5% Feb
111"
a57% a61Va
4%
Jan
23ft
6%
36ft
16%
360
37 ft
5%
670
488
3%
,
10%
_5
10>/4
al9ftA19M?
al5al5%
37%
.
229
%
al5
a57V4
4%
a44%
20
10%
10%
N
•
•
6
25 ft
6
*
1
M Cons
Nash-Kelvinator Corp
National Distillers Prod
Feb
1,600
YY
6
24"
<
5'%
Feb
4,806
"
Navigation Co
17
8ft
al3%
.
Jan
.
Jan
79
vr
50
*
*
—-*
*
—,
Bancorporation
73
A
53
401
1
*
common
100
class
Jan
Feb
*
Canada
Co
23 ft
1.40
,
Inc
Marine
Radio
Oliver
45q
14Va
29
Corp———1
Copper Corp
^—100
corn.
Febt
Feb
Jan
10% al0%
Pacific Portland Cement common—;—10
North American Invest
Jan
30c
.
Feb
1
5ft %
preferred——
North "American Oil Cons
19 V*
112Vb
12Va
al0% all%
——>——1
Holly Oil Co
Feb
1.25
15
Feb
175
a37% a39ft
cumulative pfd——*
non
International
7%
/»-!■^
Morrison Knudsen——^.-.——^-10
National Auto Fibres common
3
National City Lines,
—————1
Natomas Companv
•
Feb
950
•
•;:v
13%
a
*
Jan
40%
.
10
a36% a36%
8
y
Feb
al0%
& Rubber common
Idaho Maryland Mines
25%
al9ft
1
-—
5%
.
111% Jan
Jan
Jan
7
Menasco Mfg Co common
18%
16
al0%
6
General Electric Co
Jan
22%
—1
——
a—
'.23
'
35%
103
Jan.
20
Marchant Calcul Machine
a—
250
a38V4
Graham-Paige Motors common..
a33%
Magna vox Co
Jan
Jan
*
Jan
Feb
,
Feb
Feb
2%
Jan
Feb
1
Curtiss-Wright Corp ——————-1
Dominguez Oil Co—-——
—-10
Jan
33
35
Feb
16ft
38'A
4%
—-—5
Jan
31
1,
24%
Jan
Jan
2ft
52
3ft
all
a50ft
15
common
52%
102
Libby McNeil & Libby
Lockheed Aircraft Corp
Jaa
14%
^v.^''
common
20
148
-
a32ft a32ft
26;
*
24
Electric Bond & Share Co———5 %
1.511
26 ft
* 1
19%
;
Jan
Feb
5ft
10
Feb
V 35
f-
102 ft 102 ft
3V2
' 28%;
Dumbarton Bridge——
•) 'i-
26 ft
,
7%
19%
a50% a51%
a28% a 30%
v
*
Y—*
N
(Del)
25
y
*
Southern
&
Corp
102
.
35c
13%
102 ft
Solvents —a.—.———*
Oil
,184
30c
35c
96 ft
48
112 Va 112 Va
13%
a50%
Feb
Jan
3,341
19
..
Jan
'
4ft 1
19
Feb
14%
6 Va
50
•
.
Feb
43 ft
41%
Jan
94
,
105
(
Feb
Feb
13 Va
277
a2Va
4%
19
25
25
Gas & Elec
Motors
22ft
-
—100
Curtis
420
—
a2ft
a—
39
40
152
15%.,
a35% a383/8
com——"'
common
Continental
41%
—
1-5%
;
112ft
Continental
8 'ft
85ft
56
a22 a23%
15 %
a—
140
a20% a22%
Jan
8ft
105
a955/a a95%
Jan
41ft
Class B
Feb
a6%
4%
a20%
23
85
Leslie Salt Co—
a6%
a95%
46ft
22ft
32%
Feb
17
'
117
' £5ft
60ft
•
Feb
Feb
V:
Jan
545
1
5
—2ft
Railway
Chesapeake & Ohio RR
'
j"V'V/;"V
t-/
Jan
57 ft
14%
a2ft
Pacific
105ft
269
f
5%
16%
Jan
174%
335
1
City of Paris Co 1st pfd
33
;r>;
Jan
Feb
\ 842
*
Trading Corp
23 ft
Jan
102% 102ft
a;
3%
13
14
'
Jan
43 ft
pfd 1927—100
Jan
41ft
\
Feb
56%
a893A a92%
a37%
common
Feb
6 ft
Honolulu
.
29
172%
41ft
14
a6%
5
15ft
847
;
Jan
Feb
28
11%
49
40%
-■'[..
Feb
33
Lapgendorf United Bak, A—-—
Jan
"•
a.._
1,189
40 Va
..
14
100
common.
Calif Oregon. Power 6%
Feb
1.25
a51% a52%
42%
40Vs
5
Boeing Airplane common
Bunker Hill & Sullivan
Feb
a36%
a51%
•
Jan
26%
IXL Mining Co———12
Kaiser-Frazer Corp common
—I
a56%
50
Blair & Co Inc capital—
Jan
27
*
258
al70%
Berkey & Gay Furniture Co
30%
24%-
Co
23 ft
'Lu#'
Jan
Feb
9ft
565
15%
15%
a55% a58%
al70V8al72%
Corp
Bethlehem
15ft
Honolulu Oil Corp capital——*
i)
Ohio RR
&
Aviation
Feb
105
Jan
412
Hunt
Jan
34 Va
Jan
'
.
Peo
i"/8
330
Jan
21 Va
a—
958
•
Copper Mining
& Co (111) common
Feb
28
23%
Hudson- Motor Car
4%
16%
100
& Tel Co
Feb
1.10
Feb
102%
Plantation Co
4%
15 %
a22 ft
*
—
Jan
29 Va
33
15 ft
15 ft
Baltimore
23Vi
■
240
Jan
*
Pine Co Ltd-——
Jan
3
175 "
a85% a85%
4%
•
*
Baldwin Locomotive common———13
458
**
21%
Feb
1,980
•-*
21%
Jan
10
—
lift
Jan
320
30
30
_*
;j
Jan
38
■
Feb
31
100
Cor^boMmon^^Ll—..1
12
32%
880
Feb
10>/8
4
Feb
,
Jan
2
Inc—
320
32'A
American Power. & Light—
American Radiator & Std San
Jan
637
26 ft
Unlisted Securities—
Alleghany
37ft
47
Jan
200
Inter Tel & Tel Co common
Bros
320
32%
55
26ft
7
320
32 %
Jan
27ft
•
100
28
30%
103
24 ft
105
28
4
—
Feb
30 %
3,356
c- OO
1,200
Jan
9
22ft
10 ft
37%
a90%
27
8 ft85ft
10'/a
37 ft
28
230
29
10 ft
37 ft
——25
Preferred
Jan
13% Jan
1,645
Jan
100
20
Feb
■A
69
411
180
46%
25 ft r
9%
20
28
25ft.
9ft
21
46 ft
25 ft
Atchison Topeka & Santa Fe
100
Aviation Corp of Del,-.-,——-—3
26ft
28ft
2,251
9ft
Consolidated
46 ft
9.868
21%
37ft
•
306
r%
76%
•r
Jan
Feb
27
105
117 119ft
23 ft
A
Feb
86ft
150
a32
23 ft
73%
Jan
57c
17
,
23ft
74%
46 %
59
771
10
Greyhound Corp common.!!.
Jan
20%
11
——100
preferred
20 Vs
Feb
880
18%
a85%
107
k
preferred--!——j———*."
22%
2nd preferred—-————i..*-.* : a32ft
Conv
4%.
Feb
22
14
27
Golden State Co Ltd common_
32
21%
Armour
9Va
common
Jan
1
6%
*
100
IS ft : 16 ft .100
119%
.
'''C'-'f/
common
29ft
110
15 ft
Feb
26ft
common
Feb
121
50
20%
6%
20%
10
-
58
>
22%
common
RR
37 ft
" Oft
" 16ft.
1
2y2
•-
Feb
Jan
54
1,800
15ft
a31ft
37 Va
—•
v'V"
■
Jan
53
Jan
5%
•
v"
105
Jan
Jan
5
Foster & Kleiser common-..
*
105
a29ft a29ft
.
'
20
1,583
a30
13 ft
American Viscose Corp com————14
American Woolen Co com————*
_5
common
Jan
110
54 V?.
pfd——100
Bendix
a29ft
Emporium Cap well Co common
*
Ewa Plantation-Co Cap—
i—20Farnsworth Tele & Radio common
1.
Food
20%
110
Co
,
«
—
Feb
21ft
27%
15
1
Pacific
,:Jan
6Vb
13 ft' Jan
;
16
»
preferred —-i—-T*
Dorado
47
Jan
18%
Anaconda
785
—5
31%
Preferred• 107
El
Jan
20%
.
22
Feb
29ft
1.
Feb
40 ft
540
917
5
100
97
Co—
Oil Works
104
800
1,605
Feb
29
Mfg
Feb
45%
6.056
7%
29
27 ft
—
102
102
44
1
36
Feb
97
B common
5
>
Feb
27ft
15ft
Doernbecher
9
102
a22% a23%
14
25%
9ft
Di Giorgio Fruit Corp A common
Feb
19
Jan
45 ft
Zellerbach Corp common-:
52%
53
Jan
60
common—
Jan
22
Sugar common
Tel
210
Cons Chem lnd A-——
,
*
Consolidated Coppermines_r—5
Cons Vultee Air Corp common———1
2nd
14
97
Inc
42
Jan
13%
Smelting & Refining
9ft
27ft
15ft
of Amer
25
200
5
Creameries
1,730
a29%
6ft
5ft
14
Indies
American
45ft
Edison
Jan
21%
10
American
9ft
Columbia Broadcast System B
30
18%
Oil-—
Jan
45ft
Colorado Fuel & iron common—
Jan
51
21%
*
305
preferred——__——_i_25
Crown
84
7ft
5 ft
——50
Commonwealth
29
r&
Jan
9ft
Coast Counties G & E-—
Feb
211
47 ft
h
53
*
4%
45ft
Mining Co common
Chrysler Corporation common—
38 ft
21%
-12 ft
—
Feb
4ft
*
common
20c
Jan
110
_
Consolidated
v
5
—
Eureka
"First
15
7ft
5ft
Jan
9ft Feb
228
Feb
350
a22ft a23%
*
Preferred
Central
7ft
2%
common—*
Corp
Caterpillar Tractor Co
'
4%
a22ft
A
300
231
4ft
*
Calif Cotton Mills capital
California Ink Co.capital
California
230
4ft
.1
com
3%
230
*
Co
Jan
35 ft
•
High
Jan
34
2
Cement
California
Low
35
;
23ft
16c
491
10
_
Corp
...
Dept Stores
Range Since January 1
High
3%
2.50
Sugar capital
Calaveras
Shares.
Low
Bank of California N. A.—100
Calamba
for Week:
5%
Bishop Oil Co—
Byron Jackson Co
Feb
74,800
Yellow Cab Co common
10
Bank
269
17c
17C
...25
_
common
Western
-20
Mng Co__
Feb
22 Va
a37Vs a38Vs
a28% a29Va
17c
Feb
West
,_50c
Gold
Jan
13%
Western
of Prices
Sale Price
Par
National
19 ft
a30
common.
California
Lines
Rights
Sales
Range
.■
STOCKS—
Juneau
Jan
•
_
_
_
U S Steel Corp common
Exchange
Week's
444 44:4:4 iiMi*■'''
Calif
18%
44
V
'V',,.'-:
Cal
Equipment Co common—
Agricultural Co—
Wells Fargo Bank & U T—
San Francisco Stock
Alaska
225
102
Victor
Anglo
Jan
19
a22ft
1
Waialua
Mfg Corp-
19
22 ft
48 Va
Corp
of
Co
Sugar
United
Jan
51
Water Ass'd
Universal
Aireon
47
•
Co
Corp Cap
Jan
—100
common
Jan
Feb
25
com
Standard Oil
Super Mold
*
com—
—
Aluminum
naer
Feb
Feb
42 J/a
a29
Sperry Corp common
Spring Valley Co Ltd.
Pacific
16
,
330
a37%
common
Southern
High
Jan
43%
vi.v
*
_
Soundview Pulp Co common
Preferred
Jan
20
—_———*
preferred
Pub
Oil
.14%
43
22 ft
_10 pesos
Feb
—4
.-—1*
Cement
Low
189
19
Mining
Feb
com—5
common—
common
Louis
Union
•'I'':
Range Sine© January 1
High
15%" 15%
43%
•
5
common
Jan
common-
Portland
Rice-Stix
Jan
if'
Piping & supply
Missouri
Mauricio
Shell
Hydraulic Pressed Brick common—100
Knapp
1
common——
Sears, Roebuck & Co capital
Laclede-Christy Clay Products
Laclede Gas Light common
Laclede
Steel
common
L010
15%
common...
Fine Foods Inc—J—
.>»
(Un)
canoe
Shares
Par
" r'S''ft-v'Oil
for Week
of Prices
'
common
tuumuaCiunaJ
Sales
Range
Sale Price
STOCKS—
Safeway Stores Inc
Huttig S & D
Week's
Last
Range Since January 1
_I
common
28
Friday
Shares
(.Un)
common
FEBRUARY
for Week
of Prices
Loin
/Far
Falstaff
EXCHANGES
ENDING
Sales
Range
Sale Price
WEEK
FOR
Telegraph A
26/4
30
,r
3%
Jan
18%
#
Feb
50c
Jan
4%
J^n
Feb
a20% a21%
17
17 Va
Jan
23
26*4
26%
616
"23ft
Jan
28 ft
Feb
50
£0%
342
Jan
52'A
Jan
50
/.
,
Monday, March 3,1947
COMMERCIAL & FINANCIAL CHRONICLE
THE
1222
CANADIAN LISTED/MARKETS
"WEEK ENDING FEBRUARY 28
RANGE' FOR'
Week's
Last
Range
of Prices
Shares
Low
Par
•
Abltlbl Power & Paper com—
$1.50
preferred
20%
39%
22%
23
105
...»
26
26
*
•
"
'
4%%
97
100
Corp
•
<
21
'
Provincial
" Feb
Feb
30%
187
399
Jan
22 Mr'
22%■
2,689—
22% Jan
22 %
5
4%
9,475
"5%
Products.
British' Columbia Power Corp A
Class B
•
Bruck Silk
•-
27%
•/
31
3%
'
29 ' 4
2%
2Vs
5
Canada
•/;
Y
1,281
common.
21%
3y4
30 y4
30%
19%
Jan
30
•
Paper
$1.30
preferred
Canada Forgings clasSs,A.
Canada Northern Power Corp
Canada Steamship common
5% preferred—-
30%
100
_
25%
27
25
205
27
5%
Feb
Breweries
Canadian Breweries common
Tuckett
.«
11
Bronze
Canadian
Cannerfe
Ltd
JarK
11 Mr
49 ;/ Jan
Weston
26%
3,105 /
25 %
Jan
27
Feb
J
(Geo)
Class A
Class
14j/4'
480
18% r.
275,
66
67
Vi;
16
V:,->
B
16
100/
4~2>8
*
35 y$
30%
32
I
17%
18
Canadian Pacific
Cockshutt Plow
Coal
17%
Feb;
I8V2
13
43
525
41%
Jan
48
40
7Y
preferred
.25
-
II35
*
—
11
30%
*
-
39 %
ioo
Dominion 8teel h Coal class B.
-
Vr 15%
25
Dominion Stores'Ltd—
<
Jan/
16'/8
>
Jan
11
Feb
32
.
Preferred
:
Donnacona
•
common
pfd^__
:
;
/
18%
253/4
Jan /
25
Jan'
Eddy Paper conv. class A
Electrolux Corporation'
Enamel :& Heating Prod
*
Famous Players' Canad Corp
20
27%
5%'
Power
common
'
Feb
18
Jan-t
11%
P
Class
17%
Feb
19%
24 y
Jan
26
18%
870
150
18 Mr-
5y8;.
*
'
■
•
28
100
—
Hudson Bay Mining & Smeltihg.
B
Imperial Oil Ltd
•
Imperial Tobacco of Candida
1
"'
'
250
i
Feb
'
Jan,
8
9%
.
Jan
27
£i 1 •'
53%
14
143/4
6,461
12%
Jan
15%
8
/
8
5,055
*
975
/
Ms
26
26
International Nickel of Canada
•
35
34%
451/8
:
523/4
33
34
/ 26
International Paper common—
International Petroleum Co Ltd
International Power! common—
International
Utilities
Corp
'V
IB
->/■'
13Mi
/•
8
51
50
15 y4
•
15
•
15%
Public Service Ltd com
Preferred
Labatt
(John)
Lake of
the
_*
8l/8
34%
Feb
sugar
55
Jan Y
44•
123/4
12
Jan
Limited..;
Woods
•
•
common..
Preferred
Lang
Laura
Secord
Lewip Brothers
•
26
/'
100 V-
Sons .Ltd (John^A)—
&
•
•
3
—
40
34
;
34
..
34
172
•
172
15
450
'
-1
11% Jan/
138 %
Feb
13
Feb*
10 '
Y
26 y8
Co Ltd 7%
36
Jan
172
.Feb
21%
213/4
125 "
20
Jan
21
375
20 y2
Jan
m
16
t
"Y
16 Vz
,
"
2,295""
15
Jan
173
/
>•
/
?
,16%
...
com..
Massey-Harris
*
•
6
^
24 %
Mitchell (Robert)'
Montreal
Cottons
Preferred
•
common.
-
—
Montreal Telegraph
Montreal Tramways.:
Murphy
Paint
Co
Feb
Jans'
Feb Y
1226.
14
23%
22%
24
20
';
Industries
II •.''./•V./
'
:
'
6
Jan/
21%
Feb /
Jan
271/8
Feb
20
Feb*
120 " '
17
465
,
.
343/8
240
12
International Inv Tr
Marconi
Canadian
-
.—
79 r
39
39
50
23
23
45
46
48
48
1,795
25
/
7%
preferred
31
Westinghouse
-
>
750
57
13%
jjg
25
13%
125'
25%
26'%
1,706 1
25
25
801
7,100
85;
170
78 y2
10
10 <
280
9%
Catelli Food
Products 5%
Preferred
Commercial
Ltd
Alcohols
24
FebY
Dominion
Jan
47%
24
Jan
22%
Feb
57 Mi
Feb
63
Jan
20
112r
.112%. Jan:
Jan
110
25
17%
15
109%
25
13 Mi
Feb
23 y2
Jan
•
'
125
27%
y
•28
34%
100
258
2
16%
470
25
2^8<
16
16
24%
•24%;
Y
185
Feb
65
65
4%
23/4
/
2%
Domin Oilcloth 8s Linoleum
Dominion
Square
Jan
Dominion
Woollens
Jan
Eastern
Jan
3
Feb
12
64
Jan
3% Feb
225
2%
3,260
2
13%
25
12
85
30 Va
28
5ou
26
140
105
138
3%
3%
3%
/ 4,650
v
46
46
15%
15%
35c
35c
50
52
59
4%
4%
220
7
7'/8
50
;
i
■
163/4
17%
18%
18'/8
19%
10
Steel
Ltd—*
Ltd
Ltd
48
Jan
49
Jan
Esmond Mills Ltd
13
Jan
14
Feb
Fairchild
23%
Jan
26%
Feb
Fanny Farmer Candy Shops Inc
25
Jan
26
Jan
Aircraft
,
__
18%
preferred—
Ltd—
'
5
46
200
'
/:/;
•
Feb)
15%
Jan-'.
Feb Y
'
Feb
65c
Feb"
Feb Y".::
52
II
Jan y
4% Feb/
Feb
;:
7Va
Jan
40c "
Feb:
16%
Feb:/
17%
Jan;
1
15%
Jan
17%
Feb
Jan/
19%
Feb?
1
17%
Jan
10
Feb
18%
Feb/
35c
Y
-
<
8%
18
V Jan;
75
4%
201
4iy2
|j
It
Feb.
||t
Ir
1
1!
1
Feb?
I 'i
Jan*
48"
Jan v
1
Feb'1
Feb*
Jan-'
5%
40%
150
37%
Jan1''
40%
40
325
35
Feb
40
14%
17%
t
Feb
39
•
14%
325
13%
Jan
15
17%
19%
4,345
17
Jan
20
Feb
11%
25
10%
Jani
12
21
Feb*'*
21%
L
Jan
11%
/
21 Mi
21%
21%
80
5
2%
2%
2%
275
1
58%
58
58%
88
20
"
40
/:
•
*
'*
5
46
•
& Worsteds
Products
"
•
460
10 ;••/'
Jan
3%
4
175
10,942
154
6%
85
-
'
50
Jan
47
Jan
35c
44
■;
17%
"
•
,
"
Feb
Feb
32
a
Jan *
15y8
5'
100c
••
40c '•**' 40c Y.A
16%'
»
=■>
,
42%
68 I
"
Feb
14
30%
V
Jan
Feb
Feb
2%/ Jan/
3Mi
'Jan*;
3%
Feb/
Feb/
,
43/4
v
Jan
28
69
f'.
Feb
30%
Feb:
Jan
189
Jan
13%
P2b
27
>
Feb/
JanT.
16%
Jan
331
.*•:
"
34%
Jan
-189
^
2%
/V
21
15
138
♦
Co.
Jan:
270
Jan
138
•
Corp
Feb/
'
,30
Y
Feb
16
-
30%
•
Ltd
110
14
Feb
,
4%
2%
3
1
*
•
34%
258
1,065
186
10
Engineering Works
Feb
17%
Feb
13%
17%
13%
4
_•
David & Frere Limitee B
Feb
50
Feb/
20%
85
18%
22%
*5
Jan
107
1,396
34%
•
Preferred
Jan
peb
:
A'""'-- I
2.50
Feb
Feb
10%
57%
*17%
•
5
Jan
23
92
109% 109%
•
common.—*
Preferred
"Feb
Jan
22%
"111%
112'
100
Consolidated Div Sec A—
Feb
5%
Jan
Jan
2
—
Jan
Jan ;/■
106
Feb
Feb
>
171
21
__
Claude Neon General Advt Ltd com—*
40%
443/4
.64
57%
22%
Consolidated Textile common
40
14
106% 106%
Ltd.
* 1
pfd—,—15 '
Feb
Jan
5
Jan
.
8%
Feb
4%
82
'Jan
17% Feb
27
J
Jan *,■
..
4%
Co
Jan
-
53.
160
10
*
Feb
50
Feb
100
,
14
19%
-, ; ;
83
*
36 Mr
19
27,943
21%
/>,Y
.
Feb
Jan
3
y
Feb
4%
*
Ltd com
cumulative preferred
Feb ;/
Jan
Feb
Jan
8
.
Feb
12»/4
Jan V:
2%
Feb
•
170
15
:";:Y 2".
,
/,
Feb
7%
100
'
25%
100
62
■
6 Ma-Feb;
Jan
11%
25
160 •>
12%
Feb
650
-■'k'
.'High**
Feb
50
62
Ltd com—*
Company
Jan. /
40%
70
50
3/4
6%
1,398
8
•. ••
10% Feb
Jan./,
168
16.
•./■.
5%r F^b/r-t
155
20'
8
i. P
jl
/*Jan'/i/Yil2% Feb
113/4
25
3
I
litJaii/ /
8
3
12% /
100
Consolidated Lithograph Mfg—
Consolidated Paper- Corp Ltd—
Jan
50% Feb
'
35
168
160
Jan v
18%
-
i-P*I
10
25
7
I160I
25%
62
"
common
Donnacona Paper Co
46
5
»
/
23%:
193/4
II
II
Jan
550
50
'
6
8,036
36%
•
__25
page
13
•
*
see
19%/
36%
-
.'25 ''."
-
40%
*
...
26
40%
common
Drug & Chem conv pfd—
National Steel Car Corp.
Niagara Wire Weaving i
21%
243/4
II
100
Natl
footnotes
%.
40 '
Preferred
For
35
100
common
National Breweries
'
100
Montreal Light Heat & Power Cons
Montreal Locomotive Works—
;
21
v
•
Breweries
/
19%
McColI-Frontenac Oil
Molson's
V
21
6
200
W
•
"V
•
Preferred
MacKinnon Structural Steel
50
6%
2%
26
•
Canadian
Febt
213/4
21'
12%
/
100
16
pfd_____100
Canadian Western Lumber Co.—:
Feb
Feb
21
' /
Feb
Jan
21
-
138y4
33%
/
Jan
Range Since January 1
465
11% :
12%
;2y8
.■/, >
High
10%
7
..y-* '
Canadian Silk Products..——
13%
25
685 Y
Y
Feb
2l*/2
Y
•
...
13
Jan
Low
5%
•
50
5%
/Jan
46
% Jan /
50
Shares
168
'
*
pfd.100 Y
Canadian Pwr & Pap Inv
Feb
16%
Feb
Jan
38 Mi
> ./Sales-/..
160
•
preferred
1
Canadian Ingersol Rand Co Ltd^
Jan
14 y8
6%
100
Vinegars Ltd
Canadian
Jan
351 "
pfd
Malting Co
Feb
445
5,605
25
Jan
12%
Canadian Gen Investments Ltd—
26
44
12%
Jan
Jan-
for Week
10
Canadian General Electric Co Ltd
Feb
•
Dominion
&
'J:y'" ■'
37%
16
138% 138%".
25 %
26
Y
__
39
1
Canadian Dredge & Dock Co Ltd
Canadian Fairbanks-Morse Co Ltd
Jan
42
121/4
*
100
—
Feb
Jan
38 '*
Range
Low
1
Canadian Vickers Ltd common
Jamaica
27
loo/-
—
Canada Starch
Jan
12%
'/•
42
Feb
Jan
23 y2
of Frices
100 y
Company common—
Canada
Feb
•
Jan
15
■/;/
Jan
27
•
50
f
Week's
*
*
Canada Packers Ltd class B__
48%
4,182
■
.
Feb
23
Feb
50U ' $3,000"
50
•
Ltd
Canada North Pr Corp Ltd 1%
25 y4
/
Ltd...
American
Calgary Power Co Ltd 6%
34 y2
300
4,483
Jan
30% Jan?
205
'
•
38
•
Oil Co
Can
.
22
Feb:
-
1,058
24%
5
Dist.
•
Canada
Feb
sy8
24%
28
•
100
100
* .</
of Vancouver—
&
Canada
Feb
Feb
34
"
/
*
Butterfly Hosiery Co Ltd
Feb
29%
45%
*
u
24%
*/■/
—
& Millen Ltd A
Brown
Feb
Jan
150
151/4
Feb
.
Jan
Jan
15
29
25 y4
11%'
Preferred
Feb
16 y2
53
r
Industrial Acceptance Corp com—
International Bronze common.
com
108%
40y2
15 y4
•
"
v
1,001
53
Feb
Feb
17 Va
38
'
J an
Jan
Feb
15%
1,377
I
5%
18 y4
423/4
%
38'A
Jan
41%
53
38 V.
26%
"38:,"/V
British Columbia P & P Co Ltd Com..l
18% Feb-
Jan
106
1,155
28%
'
45/a
10
8%
28
390
British Columbia Packers class B
Feb
14
A
common.5
...■_
Brand
Brewers
-Jan'
42%
—
•
2
,-r—
Belding-Corticelli Ltd common—
7 % preferred
i
/—1
Belgium Glove & Hosiery common
Jan
lloy4
17% Feb*
780
15%
8%
,
20%
?ar
Limited
Preferred
17% Feb
/ Feb
700
*
21
109
60
is y4
15%
Y
200
110 /
106% 106 Mr
15 Vi
•
Howard Smith Paper common
Preferred
19 Va
25 Mr*
is
106 %
•
Bridge1
Preferred
I8y4
■
100
Gypsum, Lime & Alabastlne
Hamilton
-
,
23
4%
•
—
27
Sale Price
Bathurst Power1 & Paper class B
Jan
General Bakeries
22
100
21%
/
„.
Auto Fabrics Co. Ltd. CI A pfd
Jan
11
18%
Feb
99 y2
38
Feb
21%
465
Light Heat & Power—
;
—^,..^—'——1940;
Steels
Atlas
British
16%
109
16%
Jan
Jan
Jan
245
notes
'/•
Feb
275
109
Jan
Feb
27%
27
Acme Glove Works LtdY_.-«/...-~*.--~.*
Feb
300
s i8'/2
•
26
31
Jan
/ 22%
22
Last
Jan
18%
11
18%
100
General Steel Wares
Pi e ferred
184%
105
•
Jan y/
17
985
17%: n%>
__
Feb
81
Jan
97%
27
21%
■:>
Friday
Y Feb
100
171/2
*
preferred'—
60
..
:
•
20'/a Feb
•
Foundation Co of Canada
Jan
Jan y
36Mr
25
29
Feb
Feb
Canadian Funds
Feb
555"'
11
3,346
41
10
Montreal Curb Market
Feb
/ 26
__
•
37%"
37 '
.
/•/:, 29
Vb
13
165
295
22
10
—
Feb,
20%'20%;'
1
16%
99%
Feb
Jan
185
Jan
29
15%
10
3%
•
Feb
.
Jan *
;*
182
.Feb
103% Jan
10
18 Mi'
75
24
125
Feb
81%
89
Jan
9
1,375
Feb
Feb
182Mi
,/110
-
Jan
91/8
Jan
40
20
10
25%
18 y2
104
Feb
595
Jan
Bonds—i
Jani
28J/4
-'.
160
■
104%'
18%
;
9% '
31
Feb
Feb
/ Feb
99%
Y.
-10
'.-Montreal'
Feb
'
i 267/a
Jan
Jan"
/ 253/4 Jan//;:
92
104 /
18 y2
•
:
14 y8
13%
Y:/YY/:/:>-:
Jan
38
325
.
'/ 99%
«
182 r/ 184
>104
100
.87
79
86
10
—
Rovai
Jan<
42
13%
15
855
.97
-
—_/_100
—
Paper 4Va%
Dryden Paper J
Gatineau
97
1
,
147
/
25%
Jan
275
40
•
;■
Jan
10
-
Dominion Textile
Feb
Feb
8 3/4
Y185
243/4
37
Y Feb
Jan
33
;
:
39% Feb
?6 y Jan
26 H
2,847
26
17%
103Y
79%
/
Jan
40
9% ?/•
104
16%
10
..Jan?
19
•
Feb
31
185-rr
27 y4
25»/4
Feb
134
Jan
:
2,200
18%
;
Jan
75
99Mi
STOCKS—
26
27%
100: —
30%
78
28 3/4
Feb
Feb
34
Jartrn.
13
747
13%
80;Z£fce*»Y
Feb
10
«
26 Y>
28
„
.
15
455.
'..Y-'m/
75
16
15%
•
•,.
Dominion Tar & Chemical common..." // < 28
Vtc
Feb
23%
13%
4,048
.
14
.30%
Yv.
—
Feh
r
24%•
9%:
10
.
Jan*
Feb
-
13%
37 ;;
200
38
«
31
•
Jan1"
40
38
Feb
44%
.
Febt
48"
Jan
32 y2
31
39%
r
—
••/■
Jan*
3iys
31
__
?'
100
Preferred
11-/:
30%'
•
16 Ms
15%
10 VB
«
116
Jan
14
9% Jan;
36 y2 Jan
3,735
Feb
Jan?
125.;
15 /'
*
common..—
17
106
441
40
25
•
•
common
Toronto
Feb
1,183
87
Jan
Feb
33
86
Y
93/a.t
100
:
—
Nova Scotia
Feb
4,785
17 %
35»/4
35
30% Jan
■;
11%
13%,:
16%
16 %
45
20
48
r31
"26./- Feb
15
Bank*
Montreal
Feb
43
Jan
89%
Jan
42
15%
14%
Jan
12%
Y
Jan
V
-
I
Jan
84%
31
_i__
Limited
Imperial
Jan
1,759
T
Jan
20%
Feb
105
183
*
•
Canadienne
Jan
37
325
14%'
!
17
Feb
105
9%
/
40
preferred——y.——25 ;
Commerce
Jan
15%
Feb
1,173
•,
Preferred
16 Mr
Jan
30%
48
Dominion Foundries & steel
Dominion Glass common."
■Y
Jan V;
13%
14 y4 •:
common...—
—i
14%
75...
13 Mi
Dominion Dairies
Preferred
/
6%
Y
Feb
38%
Y Jan
87% /
Sief&f Co...
Distillers' Seagrams
Dominion Bridge
Feb
13%
...
Dominion
14%
■/ 14
14
13%
/' 87%
—8.
Davis'Leather Co Ltd Class A
Class B
42%
43
—•
omumers
v
Jan/,-;
86
JIB YY 14
Railway
—-
SpnsolldatedGlass.. & Smelting—,
Mining
Crown- Cork &
Jan
385
/
14
Feb
17
/
35
Janu ;///
26
•
Feb
Jan
67%
255
14%
30%
«*—.
14%
19%
>
565
.14%
"
—
Canadian Locomotive
Canadian Oils common
'v
Feb'
40
20
37
Zellers
Jan
/
Jan
Jan
r
16
375
.
Jan
<v 5
Jan
1:
18%
58
-
25
42%-'
42/-
35%
•
/
756
44
!
Jan
;•
13
13%
18%
•
Canadian Foreign Investment.Canadian Ind Alcohol commoh
25
14
20
Canadian Cottons common
42
66'A
* '
Canadian Car St Foundry common
Canadian Celanese common—.
Canadian Converters* A pfd—.
=
Worts new com
&
commons
Winnipeg Electric common
.
25
Feb
215
60
43%;
/
•/ 25
16
19%
825'
'
33
-104
•
Walker Gooderham
Jan v
25
Feb
75
79
86
•
Cotton..'
Wabasso
17 V* Feb
4T%
43
Feb
15/
:
18%
"
9%
104//
*
165
25
Feb
613/4
330
13 y4
100
United Steel Cory
48 %
43'"'
15
Jan/; I '/'
'
15
24
25/
1
Jan
*
common..
Jan >'
54%
125.% 1273/a
y
79
preferred..
14%
•
common
125%
• '/
—
Tobacco
Preferred
Canadian
11 Mr
41
33
•
181..,
ti,
Jan
976
40
.109 }
—
26
26
•
38
Jan
-
13%
13%
common
preferred
16%
Y
/
Jan
33
26
24%
Preferred
Feb
Feb /
v^27--"Feb
Feb1"
Jan
103y8
16
S
13%
48 y2
50
':
Feb
::
17
(
Feb
Jan : ••'v.
,11%
•
common—
16%
1
-
-
1
Feb
31
Feb
86;
105
16
Steel co of Canada common
31%
Jan
10
25
10
10
*
• :
"
1023/s
6%
1,089
Y
16%- s Y;
26..
Vtc
23% Jan
-
Feb
-Jf:
H
34
-■
20
105
105
100
preferred—
btanaard Chemlcais
18%
-
Jan
/183
2,375
-
133/4
16
15 '
5
10
280u
-
•
61'
■
*
19%
*
Mills common..
Southam Press Co
32%
Jan
820
257
38
12%
16
Shawinigan Water & Power
Jan
Jan
16
-
3,360
■•'i
32
■.57
10%'
Jan'
29y4'
Jan
/
17% '
21
•;
21
15"
+
36
;60
c
Tooke Brothers
Cement
Jan
13
:■
Transport
Feb
Jan
Feb
78%
>38 ^
;:
Co
Lawrence
Sicks
Feb
> Feb
29
'
5
Jan
29
Y
Jan >■•
"
Jan
4%
2%
27
St
Feb
23
231k
75
25
17%
.
3% Feb v
-
125-
28%'
27% 27%
30 1:: 31%
*
Building Produots class A
Bulolo Gold Dredging —
,
86
15
Feb
-
23%.
20% Jan
22 %
53
Jan
—
Feb
23%
191
4%
32
•—25
Regent Knitting preferred...
»■
Rolland1 Paper ' common
^—
-100
Saguenay Powfer preferred—
St Lawrence Corporation common.
A preferred
.50
Feb
98
Jan "
350
1023/8 1023/a
4>---
Quebec Power—
Feb
9%
Jans
22%
Mills.——,
27%
'Jan
93
6
•
Jan
-
204 -/ Feb
Jan '-
27
1,040
189% 190%
189%
—
Columbia'Forest
235
365
"
23%'
21%
21%
British Amer Bank Note Co
British
8%
River
Powell
Feb
29%
26%'Jah"
•
57
28%
28
/
.100
St Lawrence Flour
Bathurst Power & Paper class A_.
Bell Telephone-100
Brazilian Trac-Light r ft Power-
a
97
97
-
28 Va
30a
1
9
193 ;
6
Page-Hersey Tubes
Power Corp of Canada.
Price Bros & Cp Ltd common
103
180
Rwys__
Preferred
•
35
-
Jan';
Feb /
Jan'
101
23"-
•1
26%
9
9
convertible preferred
Asbestos
26%
26%
pfd—28
commons.
195
Feb
22%
•
40—
>
106
Jan
5
Light Heat & Power com.. 100 t"?
Jan
:
183
*
Ottawa
23
32
■
765
-
101"
195
—
'
27
>
1015-
25
'
28
,
Electric
Jan '
Jan
///,'■• HiVh
Feb.
/Jan
92
86/
Ottawa Car Aircraft
Jan
'
\
Low
463/8
1,480
49 Mr
183
*
Ottawa
41
105
/,
29
>29
,
100
Feb
22 "
35 \ <
35 '
1,
Jan
■
Range Since January 1
Shares
High
47%
49 Mi1.
29/
/Feb
22
19%' Jan '
-
860
105
'
21%
Janp:
1
•/••
High
>Y
37 Mr
/A
275
23 ' Y
35/
100 VI
Ltd
> 5,215
■-v.
'
:io(L
Steel -common
Corp
«
-
Aluminum Co of Canada 4%#
Argus
-
18%
3,161-
21%
39%
*
Preferred
Aluminium
20%
19
-.20
prior preferred.
—
Acadia-Atlantic Sugar A
5%
preferred.:.—...
a—
Agnew-Surpass Shoe common.
Algoma
Low
21 '/a
..20'
$2.50
Low
"■
...
Preferred
Range Sine® January 1
High
19 V2
;
Ogilvie Flour Mills common Y
for Week
Sale Price
STOCKS—
Mines Ltd
Noranda
Sales
'
for Week
Range
of Prices
Par
Canadian Funds
Friday
s.
Cast
Safe Price
STOCKS—
Sales
Week's
Friday
Montreal Stock Exchange
2%1 Jan
53
Jan
•
:
3y8
61
Jan ':
\
1^
Jan /
I
Jan
1
Jan
.
I
*
Number 4573
165
Volume
THE COMMERCIAL &
FINANCIAL CHRONICLE
.
1223
CANADIAN * LISTED MARKETS
RANGE
Friday
Week's
:5>-East
STOCKS—
Par
Federal
6'/a
Grain Co class
red pfd
Fleet
Mfg
Ford
Halifax
Insurance
Like
St
John
Power
4,325
22
990
52
55
2,170
-
50
29
31
325
-
24
75
90
75 W
.10
Hubbard Felt Co Ltd A
preferred
Hydro-Electric Sec Corp
Inter-City Baking Co Ltd.r
Jfimbert (Alfred)
47/3
—
&
80
*
80 '
91
Lowney (Walter M) Co Ltd—•
90
MacLaren Power & Paper Co
•
Tel Ltd
&
Ltd
Co
McColl-Frontenac
Melchers
Oil
Distilleries
com
Montreal
1st
Paper
Co
Ltd
Ndclear
Crush
Reliance
Grain
Southmount
Thrift
United
13 %
Jan
29%
23
72
*
Co.
70
12%
Jan
9%
Feb
Grain
Co
Hotel
12%
325
12
200
18%
110
58
'
24%
'10
70
5%
400
19% -19%
10
«
32c
24,661
17
17%
151
.100
'
12
*
214
*
-147/a
Feb
.
13
1
Alger
Arno
Mines
1
,
S^.l
Ltd
Astoria Quebec Mines Ltd
1
Band-Ore
Base
(1937)
Gold
Ltd
Mines
Ltd
Red Lake
Gold
Beaulieu
Yellowknife
Bonville
Gold
Bouscadillac
Gold
60
32
Jan
126
33c
Jan
17%
Jan
15
(
14(4
Jan :'
Ltd—
Ltd
J-M
v.
Jack
Lake
Mines
Joliet-Quebec
Feb
11c
Jan
Jan
1.50
Feb
1,500
5c
Feb
7c
22c
9,500
18C
Jan
30c
6,500
27c
Feb
24,500
20c
Rowan
Shore
Jan
I
28c
Jan
39c
Jan
"
18 (4 c
Feb
25 (4c
Jan
21
135
18-ya
"1.47
1,000
1.37
Feb
1.60
1.25
Feb
1.25
3,100
70c
1,200,
"
3,000
13c
Jan
.
;
«
10c
2.507
70c
13c
Mines
r
>-•
1414c
"
Feb
Feb
11%
Feb ;
:
1
:
1
Ltd-—
Mines
Dredging
1
—_-.
4
t
4
1
Omega
Gold
-
Cadillac
Pato Cons Gold
Gold
r,
.
Pickle
Consolidated
Ltd
Crow
Pioneer. Gold
Pitt
Gold
Gold
Mines
Mines
of
1
Mining
Red Crest.Gold Mines Ltd
Regcourt Gold
:
.
■
1
&
Toronto:
15c
Jan
19c
2.65
Feb
15c
•
4.35
.
4
*
4.80 T
70c "
13,800
68c
70c
17c
18c
2.45
2.53
*
3,050
10c
11c
t
:11c
13c
8c
Feb
-
Jan
Feb
23C- Feb
20%c
,
Feb;
3.95* Feb-
9c
Jan;
Jan
77c
Feb-
Jan
11c
Jan
24C'
Jan
3 4 (4C
Feb
5.35
Feb
2.10
50c
4,034
Jan
65c
-
Feb
68c., Feb
.,
3,184.:
78c
'
Jan
16c
Feb
2.30 Jan
..
50,000 :
Jan
10c •" Feb
'
7cV Jan
Gas
Co
Ltd
Homestead Oil & Gas
Royalite Oil Co Ltd
Ltd
_
For footnotes
1
;
-
- see
i
—
page
1226.
C
•
v
1
_«
i
X
Bear
18c
Feb
2.80
5c
55c }
^
■-
56c
3.30--3.40
/'
5c
18 (4
■<
5 (4 c
"
-
~:
2,200
300
35,300
Jan
Feb '
A
33,000
57c
Feb
58c
57c
62c
4.45
i
4.70
t
2,300"
12(4 '12(4
•
5%
•-
23c
t
15C.
6% :
22C
38%
12c
Radium
S /
*
45
1
:
42c t
>.
6% :
85c
6
Feb
7%
<
555
85c
Jan
Jan
45%
Feb
34c
191
Jan
41
•
25
Jan
54c*/ Feb
Jan
8.00
186
9.50
Jan
19
150
220
46c
14,500
33V2C
Jan
1.34
85,000
88c
Jan
28c
54,710
12%
25
17 Va
22
18o
36
59
70
-v-
Jan
-
v12
90
12'/a
4
-
Feb
Feb
4%
Feb
;/ 55c
Feb <
1.34
Feb':
Jan
•
,
21%
28c
Feb
Jan
14%
Jan 5
22 Va
Feb
Jan
12 Va
Feb
14
Jan ?
55 Va
•
Feb
59
Feb
Jan
28c
206
26(40
Jan
:
40c
44c
22,470
32c
Jan
44c
Feb
-
14c
11c
15c
42,250 —
11c
Feb
17c
Jan-
12 (4
12%
12%
815
2%
2%
3 Va
10,900
22 (4
22 Va
22%
2,735
22
152
152
50
152
16
16
20
16
23c
25c
4,500
26
3%
8
'
A
*
Light Si Pwr
• '
com
100
—
Distillers
i
5
23c
Columbia
•
4
class A-
•
Oil
'*
"
24
152
17
Feb
20'/2C
Jan
30c
Feb
1,209
25%
Feb
27
Jan
3,495
3%
Feb
8
200
29
29%
2%
3
200
20c,
24c
43c
43c '
1 I
Mlnest:
27
Ankerite
•
Mines
—•
Class B
Feb"
7 VaC h
25
———•
230.
2.20
1
12c
12c
13c ^
30c
33c
3.05
200
30c«
14
preferred
50
-
•
1
Cement,common
Preferred
20/
.1
*
:
45
—•
"
38%
17%
50
.
*f:
B
Canadian
Bank
Breweries common
•
Canadian
Canners
16%
48(4
78
1st preferred
Conv preferred
Car
&
20
24
20%
r
6Vs
72%
Feb
23%
Jan
Jan
3 J;
,Jan;
45
Feb
Feb
8
57 Va
Feb
62
12
Jan
-
Jan
>
38; f
Jan
40
Jan;
Jan
17%
Jan
Jan
200-;
188
Jan
•
Jan
47
Feb-
49%
;
206
75
75
Feb
65
20 Va
Feb
23%
Feb-
Jan
23
Jan
1
1,410
22
26
"
26%
>
2.450
25
'
25
'
360
24
22%
27 Va
165
24(4 *
14 '14'A
;
.,520
1
Jan>
'
Jan
26%
Feb
v
Jan
26
Jan
..
26 Va
Feb
29%
.
24
Jan
26
13
Jan
15
Feb
Feb
..720
18 Va Z
.87
285
„
14c
Jan 1
Feb'
Class A
Canadian
18(4'
55c
Feb
2.94
Jan
3.45
5c
Jnn
7c
75c
JanFeb
Feb '
common
Dredge
Food
66
67%
43
42
<
Jan
Jan
;*■
28
Produets- common
•
Industrial
Class B
Alcohol
com
14'/a
•
A..'
19%
14(4
14%
>
Jan
19%
59
Jan
67%
45
;
18 Va
35
43
27
•
A
Canadian
67%
—
Preferred
Class
18 Va
•
100
Celanese
41/
Jan
43
22
Jan
30
Feb
14 Va
Feb
15%
Jan
19
Jan
20
Jan
14%
Jan
16%
Jan
125
115
19%
20
200
14'/a
15
595
.
Feb
1
Jan
14
*
14
14
135
13 Va
Jan
16
Jan
31
31
32
107
31
Feb
37%
Jan
"
18(4
15
14(4
Jan
19(4
Feb'
Canadian
Locomotive
*
*
Feb?
Feb
17
20(4/
80
22
24
Jan
Jan
<
7
24
24
Feb
Jan
-
26'/a
Feb
Jan
<;
26%
•
common
49 Va
78'
26 ?
-
*
Fdry
16%
48
v
Jan
14
*
226
<
40c " Feb/
3.50
17;
150
33
Feb
Feb 1
10% Feb
>
200.t
39 T
2.40
Jan
45
•
160
200»
X
22%
10
Commerce
common
*
Feb
14
*
17%c
Jan
30
les
.
£17 Va ;
195
16
20%
• r
of
59 '»
Jan
71
10
10%
38
17 Va
:
195 V
• *
common
class A
•;
57 Va
Jan
19%
so¬
8-',
10%
100
Preferred
45
Jan
Feb
5 Vb
430
30(4 y
8
57(4
.——
Canada Permanent Mortgage.
Steamship
30%
45
——'
Canada Packers class A
Wire
30%
15%
33c
2.30
465
:
Jan
Jan
24c
45
21/
Jan
1.70
200
,
29
12'/a
5,160
72%
•4,'
21
,
100
6%
72%
21
*
—;
Canada Northern Power-;:Class B
6
Jan
Feb
10c/Jan
6,975
t
Feb
12 y
13 Va
„
13,800
II,100
2.90" 3.10 i
7 VaC
Jan
24c
,
35
a
Jan
25
15,100
2.35.
Feb
5c
105
14 Va
Feb?
4.75
Jan
11'/a
8,000
25
-33C;J
-V.
32'A
4.20
15
1
Feb
Jan
12
—1'
Feb
29%
485
14
Lake
1.55
Feb
Jan
26c
.—
Jan
Jan
1.25
20,525
%
27%
>
?
14
48 VaC
Feb
v
4
*
27c
Jan
50c
14
common
Jan
<
35c
12
1 b
Flon
15c•
Jan
28c
Bousquet Gold-—
Feb
Jan
32
•
Jan
3 Ve
20c
41c
6o
29%
20c
32c >
7c
Feb*:
Jan
1,900
25,100
4.50:-
28c
3?C.
30%
Feb
9
27,950
4.20
30%
4%
'
37C
*
B
,
■
Jan
26
50
*
A
Machinery
Malting-
Feb
40c
•
I,100/-
•
Foundries
Jan
2%
22,050-
28c
*
28
235
1.55
,
•
Hill
1.40
'
1
Products—
Canada
•
7'/a'Jan
535
<
27
1.50-
-
27
4.50
1
Red Lake Mines-
Red
Jan
Feb
29
•
Canadian Gold
Flin
Feb
3 Ve
Jan
2%
•
Porcupine Mines, Ltd.
Linen
13 Vb
Feb
4'A
'
class
2%
Feb
25%4
<■
*
Gold
11% Jan
;
'
25%
Power
Dominion
14c
162,800-
Jan
19c
v,
Jan
191
Jan
19
4 Va
'
Feb
66c
50
■
65,700
22.
'
Class B
Canadian
10
,
Feb
40c
Forest
C/lSiSS
Feb
24c
Columbia
.Canada
23%
*
British Columbia Packers "B"*
Canada
Jan
46c
58/
Oil
Canada
Feb
21
45,900
45
/12(4
•.
'
Mines...^
American
B
20%
23c
26c
Red Lake Minea.>...M...WM_l
Class
Feb
1.20
*
Brewis
Caldwell
20%
>
37c
*
class
Co
18c
1
Millen
&
Jan
8.75
37c
1
1
Mines Ltd—
Buffalo
Jan
7%c
550
5
6%
4(4
if
50
Gold
1
Jan
40
22
189
—
common
Boycon Pershing
Bralorne Mines,
British
39%
200
4(4
1
preferred—
&
Jan
Jan
20%
1.25
1
Bonetal Gold
Brewers
37%
12%
Mines
Preferred
&
Feb ;
Jan
■
38
-
589,950
18%
.
•
Corp
27
40c
189
*
Feb w
'
19c
Jan
8.75
ion
—
26c
Jan
18c
45-:
1
20VaC Jan
Feb
Feb 1
25'/a
90
76c:-
84c'.
r
6%
12c
21%
6%-<
-—
Feb
Feb-r
1,468
50
20%
21%
Jan
5.00
12%
5,700-
38%
38 Va
Bevcourt Gold
Bldgood Klrkland
A
18,000.?
38%
i
Ribbon
15c
Feb 1
Jan
5'/a
-
Feb-1
>
Jan
12
975
23c
14c:
27
4.30
330
Feb 1
Feb
; 76c
Quebec
Gold
12 Va
35C
_*
Yellowknife
Berwick
•
Jan >
;r
39c
*
Bell Telephone of Canada
Bertram & Sons class A
Jan
9%
Jan
10
—I,
dc
-
2HC-
27
A
4
Exploration
Canadian
55c
3 40
64,440
750
10 (•
class
B
Canadian
Home Oil Co Ltd
Jan '
1.03
25,250-
Canadian
3,000
II
"i
3.25
18C
10c
•
28,350..
/ 2,800
Feb
65cr Feb
17c
26(4
Beatty Bros class A_:
Feb
Feb"
18c
-
.
6,500
30c
60c 6OV2C v
12c'
Class
Canada
Feb
5.50
50c
12c <Jan i
1,70024,100
21c
Feb
Feb
Feb
Feb
15%
Jan
Canada Bread commohto——*
Jan
3.95
1,000
9c
11c
26%.;
'
j
.'
Calmont Oils
Feb
13c,- Feb
55,500
77c
-
12c
Jan
20O
1
1
class
Bathurst- Power
Campbell
Jan
2.05
3.00
16,000
23c
c,-'
-10c
.
Innes
Callinan
Feb
Jan
4.90
Jan
•
9^
!
l,44^Feb
Feb
50a
Feb
9 VaC
14
14,500
'
15,800
1
Scotia
Calgary Si Edmonton—
T:?-:>T;?0;Feb
..
74c
20,700
11c
14 (4
/
.
Stocks
Oil
Nova
•>
Jan
43c
Feb
13c - Jah-
.,
100 r;
16c
-
19c
26c
1
1
2,000
100.
73c.
__
\
_1
.
Jan '*
*,
10
Canada
; 4,700")
3.25
1814
1
■;
Jan
1.93
100
15c-
73c
,
V:
15c
'3.95 5 3.95
.
__
r
-
'
12C
.
50c
9Cf
1
Villbona Gold Mines Ltd
Westville Mines
Feb V;
1.70 Feb
500
57
»
Jan :
40d-
.
3.25:
20c
>
:
2,100
50c
„
«
50c
,
Feb
1.02
7,975
'5.10:5.30
„
1
Ltd
4.80
12c
5,500
12c*
14c*.
'
„
j
Sullivan Cons Mines Ltd-
Gaspe
-
5.30
,
—1
stadacona Mines 1944 Ltd
Standard Gold Mines Ltd
-12c,
_*
-
Rochette Gold Mines Ltd
Mines
Slscoe Gold Mines Ltd
of
Calder
*4r*..-Feb:
1.14
,
1,500
42c
Feb
3.75 Feb
56(4
.,
Feb-'
30c
30c
6%
—
of
Burns
Feb
3.50
Feb
97Va
Feb
..
30c
Feb
4.00 Feb
V.
2.45
1.28
3,55
88c
•
9c
4.65
Burlington Steel
;
'
——
—
Oil
Mines
Building
Feb
22c
Feb
200.
1,000
2.20
1
l
100
4300,..
2,000
15c
40C
Gold. Mines——1
Santiago Mines
Sherritt-Gordon
75c
10c
12(4
Consolidated Mines
Buffalo
Feb
-
Jan
Jan
.
22c..
*
Buffalo
33(4c> Jan
Feb
...
.
13C
:i Jan
2.10
'
Feb
I8V2C
28c
—-—1
Bruck Silk Mills
,
Feb
Jan
Jan\>'
1.10
13C
m
i
1.14
1.7(T-1.75 *
1 > 1414c
—-
•
15c
12<r
v
1.17 I
1.14
2.30
.
B. C._——1
Mines-.,
Quebec Yellowknife
Quemont
400
2,800
91
9 V4
28c
-—*
Buffadison
Feb
5c
90c
Feb
60
10,500
Feb
28c
—1
Mines
Bank
Bunker
*
13%
97
23c
8'A
X
Montreal
Broulan
Feb
13 (4C
Feb
24c
25.,
100
d56 '
1.75
Mines—-___1
Ltd-.—
'
3.50
1.151
■
....
—
——_1 Ti
'
•
Mines
Dredging-Ltd—
Pay-Master
...
1
—
'
Pandora
v
1
Ltd
Mines-
■-•:/
■
•
Mines—-ao
Mines
1.17?
.
*
1
4.15
d56
28c
Feb *
13c
.
'11,500.:-
?
.4 *
3.50
1 V
Normetal Mining
Corp
Gold
16c t
•3.10
•--4V
.
j.
Ltdai
New Calumet Mines
Ltd-*——a
New LouVre Mines Ltd-
Gold
/
"
5 cv—
O'Brien
•
B
British
;
-V
2,500
*
1.25 I
2.90
1
Norpick
•
Jan
Jan
70c
100
>
25c
13c A
\
—
•'
15(4
1.25
:
,
1
>
'
43c
8(4c Jan
..
3,200
13c *
-
*:
24c
Madsen Red Lake Gold Mines
Cons
*'
154/4
Mclntyre-Porcupine
Nechi
Gold
of
Jan1
95c
Jan
3 (4 c
23,600
' 72c
Feb
Jan
24c
.
6,200
9c 1014c £"
•
1.92
40c
10%
970 1"
5c
Jan
75c ?Jan
5,500
»
27c •; 28c
4 Va c
1
.
Macaohald
97
Feb
FebV
35c
Jan
390
1
British
92c
,
Feb
13c
9(4
18V46
13c
—
British
16c
Jan
91c
lO'/aC lO'/ac
v
9%c
23c
87c
lC14c
•
Jail
Jan '
10,300
70c
Feb
14( 4
Fabrics class A
Preferred
Feb
Feb
6V2C
Jan
10c
'
Auraaque Gold Mmes
Feb
6.10
90c
79 %c
2,100
38c
88c
1
a-
L
97'
A.
—
Brazilian Traction
Jan
95c
37c
Feb
22c
Jan
Jan
27,100 -1
36c
'
lie
6,600
1.73
22
Jan
3.30
4,000
152,400
ST%c 91 !4c
7vac 8v4c
1.40
19c
70C
53c
500
8(4
10'Ac
class
Brand
Feb
22c
4,150
10c
12%
BObJo
Jan
400
4.00
13c-" Feb
65c
11%
Blue
2,000
20c
6Vac Jan
-
Jan
11%
Class
Jan
18,500
Jan/
Jan
Feb
12c
10c
21 (4 c
Jan ?
1.25
9.25
1.30
Jan
38c
Feb (
Feb
-
Feb
Jan
60c
8(4
Gold—
Biltmore Hats common
60C
llVaC
-
__1
Lingman Lake Gold Mines Ltd——
Lingside Gold Mines
Louvicourt Goldfields
Macassa Mines Ltd
65c
8.70
Jan
Jan
25c
1
Ltd.*
44c
:
■
32c
27c
1
(1S45)'Mines Ltd
Mines
23c
Feb
37c
1
_
Feb-;
Jan
'
Lake
9c 103/aC
9'Ac
76c
Class B
1.35
'
Lake
\
'
2,500
3.75
85c
.
^
Jan
1
Ltd—
8c
"
Feb
1.05
10c
27c
Feb
15c
37 %c
1
Ltd;,
Mines
10c
49c
•
8c
1
a
Mines
Kerr Addison Gold
5lc
6,600
1.55
1
Consolidated Gold Mines Ltd
10c .' Feb
Jan
24c
1.25 <
*
12c
,
1
Hollinger Consolidated Gold
Hudson-Rand Gold Mines Ltd-.
Jan
8c"■: Feb
70c
1
-
8c
40c
„
51,400
1
—
i1%c4Si£
19c
-
„
1
:
Mines
Mines
•
10 (4c
14,400
Belleterre
55c
1
*
Mines
1.20
:
Beaulieu
36c
3.8O '
,
1
.
Jan;
Feb
1.45
1
;.
1814c 2014c
1.25
,
1
Ltd
Feb
21
jl
—
7c
15c
__
__
1
(1945)
8.70
10 (4 c
33c
Feb '*
5c
53c
15c-
1
Ltd
31 (4c
35c
54c
,
Jan t
1.48
?
•
Gold
Gold
600
"
1
Heva
8c
.•
Formaque Gold Mines Ltd
Goldbeam
1,000
21c
Found Lake Gold-.
Goldvue
2,500
10c
27c
God's
Lake
2,500
45c
10c
22c-
1
Mines
Mines
10c
41c
20c
—
Fontana
9V4c
30c
1
Mines
<
t
1
30c
Bates &
1.49
12c
5c
5
Ltd
Gold
3,000
12,600
Jan
Feb
1.51
(4c
Bank
35a
1.42
Central Cadillac Gold Mines___1
Sullivan
33,600
12c
1.90
18c
31
Bankfield
7,700
22c
Exploration
Eldona
17
1.23
Feb
17c
Bagamac
10,000
1
Cournor Mining V;
Denison Nickel Mines
*.*01
8.70
1.10
1.43
23 Vac
Feb4
35c 3934c
,
1
Cortez
Mines
8.70,
12,443
-
Feb
Feb
Jan
23c / Jan -
1
Duquesne Mines
Duvay Gold Mines
Jan
——.—-—100 ,(
Hardware
Feb,
2(4
31c
1
Consol
Donalda
Jan
1.55
-.
Feb
^-1
Mines
Mines
15c
97c
Mines
Class
Feb
Feb
—
Feb-
27%
Feb
Jan
Jan
Feb
205
Jan
7c
Auto
1514c 1714c
-
Jan
26
17c
Aunor
-
193
565
28,550
Feo
30c
30c
135
26% /
193 199 Va
?,<
Feb
?
17(4c
r
Jan
17cl8(4c
10
3(4c Jan
Feb
102
17 (4 c
21
Feb
30
Feb
2,000
Atlas
Yellowknife Mines
Aubelle Mines Ltd 4.—
i
9% Feb
,500
—
Ltd—n_„_—1
2,500
8c
i".
1
Cartier-Malartic Gold Mines Ltd___
Centremaque Gold Mines Ltd
Century Mining Corp Ltd
Dome
Ashdown
Feb
24c
Jan
101
Astoria Quebec Mines—
Jan
1.30 Jan
21
10
Athona
1,000
30c
„
1
4c
•>
1714c 1714c
—
—
17c
Ltd
Buffadison Gold
Cheskirk
,
Mines Ltd_\__l
Mines
3,000
38c
Mines Ltd
Mines
29c
4c
*
«,
Beatrice
28c
1
Metals
2,100
4c
1
Mines
?1.37
„
—-
Athona
1.35
—
945
/
1.43
Base MetalSA«--—.*--; 17 (4 c
Yellowknife Gold
Gold Mines Ltd—-
(?'?
12,025
common
Ashley Gold Mining,
Jan
Mining Stocks
Akaitcho
Feb
27
18c
Arntfield/Mining
Jan
Jan
Feb
1.50
32c
101
26%
.
1
Feb
Jan
13
Jan
Jan
Jan
1.40
u-.——1
-
—
Jan f,
21(4
1.90 Jan
i1* to 0
20C
•
45,600
17c
Armistice Gold
112(4
Feb
7,300
30c I
1.30
Arjon TreKTTviines-
12(4
Jan
1.40
*
-
7
7(4
Feb
25%
193,- i
1
Feb *
17
200
H
13
Feb
35 1
Feb :
24c
100
2Va
2Va
'
Feb
Va
8c
Jan
101
*.
Bank
:
23
Jan
1.37
Mines
Feb
120
Jan
6c
32
1.50
a
Argus Corp Ltd
Preferred
22
Jan'
10
15 !
29c
Area
191/4
200
22
120
1
Anglo-Rouyn Mines
101/8
/
25%
!
.
Anglo-Huronian
5%
200
10
f? 122
122
Jan
26%
...
.
Atlas Steel
8(4
28c
Feb
41'
17c
Mmes
Oil
Aquarius Porcupine
Feb
2±k
15
1.30
22
Jan
"".100
Apex Consolidated Resources
Jan
73
Canadian
Feb
Jan
55
690
-
Feb
Jan
37%
'
1,500
35 '
21(4
18%
260
■
High
Feb
•
•
Larder
-
Ansley Gold
Jan
108(4
9%
-
5%
1914
19
10
58
24%
9%
22
31c
Ltd—.
110
/
"
7c
'
29c
18
6,480
:
23%
35
-
■
♦
•
Feb
"111
•
Jan
75
I
common
141/4
Jan
21%
'
Va
7c
'
1.40:
Feb
73
-
Feb
-
20%
1
*
Ltd
104
/:::
»■
1
29%
'
Jan
856
35
39%
»'• 22
»
•;****>
23
17 /
Feb
1,800
111
23%
»•
-
100
Feb
21
Feb
20
Ltd
Securities/Limited
Windsor
291/a
21V8
145
*
Western
72
12%
100
Ltd
;
10
20%
*
'
pfd
125
14/14%
—
*
——:
10
.:
9% ;9%
•
Invest.
Stores
Jan
29%
4,508
21% a
Jan
17
17
m
common..
Aluminium Ltd common
Aluminum of Can pref__
Anglo
Jan
110
Co-Ltd
Sangamo Co Ltd:
104
Steel
Amalgamated
Feb
1,595
Sugar
American Yellowknife
Feb
7(4
*
Southern Can Pow 6%
Jan
j
Feb
31%
14%
19%
Low
il
20%
20%
'
Preferred
Feb
20%
•
Feb
14
Service Stores
Jan
Jan
102(4
-
14%
Jan
-
19
21%
Range Since January 1
High
39%
Surpass
Algoma
Jan
Jan
*
Quebec Pulp & Paper 7% red pfd—100
Quebec Tel & Power Corp cl A_;
*
Rand
20
411/4
6%
23
Corp of Can 6% cum 1st pfd_20
hon-cum part' 2nd pfd
__50
6Tc
Jan
131/2
18%
~~
.
_*
Ltd
20
13%-'
-20 t
-
Oil
&
Shares
Low
com.
Alger Gold Mines
Jan
Jan
305
com
Enterprises Ltd
Orange
Feb I
30%
28%
Gas
for Week
Feb"
12%
225
72
Pauls Service Stores
Feb
92
14
17
*
Royal Hotel Co Ltd
80
12%
40
new
Akaitcho Yellow Knife.—.
Jan
Jan
14
preferred
Acacua-Atianuo
Acme
Agnew
Jan
m
20
Royal Rice Mills Ltd
Scotia Light & Power
'Power
18%
30
:
.
;
•j
Feb
Feb
•
Paper
$2.50 preferred
4% Feb
7%
*
Mount
Nova
930
103
19 %
28
Jan
30(4
16
31%
Jan,
Feb
$1.50
Par
•
A
Sales
Range
of Prices
Sale Price
"•
•
,
Abltibl Power
Feb
90
-
v
Feb
77
13%
14
5
com
Refrig & Storage
Corporation
Mount
20%
34
Week's
'
Last
Feb
12% Feb
550
103
55*
Jan
9(4
394
14%
31%
,31V2
41%
20%
pid__—20
preferred
Moore
41
14%
common—__10
6 % 'h
Ontario
preferred
2nd
4114
10
&
125
4% 'pfd—.—100
Limited com_L
*
Preferred
Minnesota
50
12%
Friday
STOCKS-
Feb
22% Feb
.76 / peb
600
12%
12l/a
*
Massey-Harris
15
12
4%
Jan
3%
>
91
Jan
Jan
• :
Canadian Funds
Feb
18(4
•
30%
Toronto Sidck Exchange
Feb}
28
75.-
12
<
•
*
Maple Leaf Milling Co Ltd
80
30%
-1
-
200
4
129
63% Jan
100
28 1
<
4(4
20
25
28
4
*
Tsoblaw Groceterias Co Ltd class B.—*'
Maritime Tel
19%
*
Paper
Inc
19%
-100
28
High
8
Feb
127
21
,
*
Co
10
4y4
52
•
;
127
v..
:
-
Feb
21
1
preferred
50
4%
Canada class A—*
Companies
LOW
8
•
127
—
FEBRUARY
Range Since January 1
High
8
♦.
Great Lakes Paper Co Ltd
A
Shares
Low
100
Aircraft-:
ENDING
for Week
_s
—
&
Motor Co of
Fraser
A
WEEK
Sales
Range
of Prices
Sale Price
.
FOR
I
LISTED MARKETS
CANADIAN
■V
RANGE
WEEK
FOR
ENDING FEBRUARY 28
Canadian Malartic
Oils
Canadian
cum-—'
t.—
Pacific Railway
Canadian
Tire Corp—^.
Trethewey
Castle
Central
Porcupine
Central
Mines
uoid
29
30
104'/a
10
Jan
2.20
Jan
Hard
Harding .Carpet;
1,400
9,060
2.05
2.00
2.14
22c
21 Vac
22c
Jan
26c
Jan
16c
Jan
24c
8
Jan
11%
Jan
55c
Jan
1,600
23c
20c
25c
3.95
3.80
3.95
Harker Gold
Mines
Headway Red Lake
Jan
Heath
Jan
Hedley
Feb
Heva
4.30
Feb
Jan
61c
Gold
53c
51c
60c
32,600
10c 10 Vac
17,000
10c
Feb
14 V2C
10c
13c
Feb
19c
Feb
Hiehridge
Jan
3.45
Feb
Highwood-Sarcee
18c
500
3.05
3.20
3.25
7.940
common
—
Lake
*
22'A
22'A
8
10%
10'A
11
3.40
11c
5'Ac
59c
3.30
lie
5'Ac
58c
3.45
12c
5%c
64c
32c
.34,500
Yellowknife
Jan
Womer
Jan
7%
Jan
Homestead
1.56
Jan
Hosco
*
*
Consolidated Beattie
1
Consolidated Central Cadillac Mines—1
1.49
Jan
20
19 Va
20
270
17'A
Jan
96c
65c
Jan
Hudson
80c
53,950
Feb
95c
6,500
50c
Jan
61c
Hugh
56c
Feb
54c
84
Jan
5
1,280
Hunts
88
Jan
86
89%
87
170
168
171
119
168
—
—
Smelting
&
Mining
100
-
Imperial
Cosmos
Mills
Crowsliore
Gold
Patrie.a
Leather
Class B
21%
Feb
30'A
30
29 Va
Jan
16%
,...75
.
32c
36c
5,100
29c
Jan
38c
42c
8.450
37c
Feb
55c
1.25
1.21
1.25
105
5
1.35
19,750
Bank
10
Oil
•
Imperial Tobacco of Canada ordinary_S
4%%
Jan
A 28c
Feb
Jan
15C'
Feb
Jan
31
13%
Feb
70
13 Va
13%
315
11%
Jan
2.21
2.38
3,000
1.63
18 VaC
21V2C
129,650
72c
67c
77c
.64,300
55c
1
Red Lake
Detta
Dickenson
1.46
1.38
1.55
21,700
'1.38
84c
90c
11,100
;
Red Lake
1
Diversified
A
Dominion
Coal
1'90
Jan
10%
Feb
11
30%
30 'A
30 V4
30
30
Feb
32
13
20
13'
Feb
14
'Feb
35
40-
30 Va
31l/a
320
30
Jan
33 Va
9%
95/4
9%
325
8
Jan
9%
400
25
Feb
27 Va
25
25
*
105
10
104'/a
Jan
105
1,435
13 Va
Jan
18
26
405
25%
Feb
27
28 Va
25
26
Jan
28 Va
25 Vb
Jan
27
1.15
Feb
19c 22 Vbc
61,800
1Ri/iC
Feb
43c
16,200
39'Ac
Feb
57c
10c
Sol
7'AC
4,025
8'Ac *
5c
t
1
2.30
2.05
2.37
15,200
2.00
3.90
3.75
4.25
23,450
3.30
425
10'A
Jan
85
20'A
U'A
11
11
;
20'A>
20'A
'
14'A
15
115
14'A
20 »A
20'A
..,.280
20'/4
1.10
1.25
47,550
1.06
Jan
•
69c
1
74,600
25c
22 'A
—25
13%
English
—
-
'
.
67c
Jan
2,100
74c
22'Ac
72c
1
#
Ccrp
•
Famous
i
Preferred
22c
Kirkland
Class
Fleet
25
14
Ford
_
«
1
90c
.
v
Jan
35c
r
Gold
Jan
Feb
25%
12%
Jan
14%
Jan
Jan
—
Giant
59'A
:•
7%
8
2.445
128
52%
V
303
8%C
v„;
67
9%
134
Jan
7'Ac
15
,
Feb
119
3,200
2
Jan
7%
V
2,410
/%'
Gold
lie
Jan
10
Feb
7
170
12:3A
Feb
2
150
11%
\ / 2
U10
13%
Jan
4'A
4%
7,090
4
Jan
5
63
63
10
37
Jan
63
21
22
24%32c
31c
19%
class
Gold
Jan
Jan
Lake
uou
8,200
99'A
Jan
'A
6,125
—
Goldcrest
•
*w^
Gold
Eagle
Ooldhawk
Goldvue
1
Feb
17
315
Tire
Feb
-
Graham
-i
Bousquet
Lake-
Class
A
For
Feb V;
29%
see
P-
page
1226.
26
:
Jan
Jan
6.20
Feb
Jan
61c
:, Feb
61c
260,550
67c
67c
500
67c
Feb
86c
Jan
1 Oc
9c
10c
9,000
8c
Jan
16c
Jan
25c
25c
15
2Rc
15%
7.000
24c
Jan
33c
Jan
J 5'A
2,635
J3 5/P
jnn
16
Feb
Feb
1.25
Jan
'
1.03
„
1.15
8,125
3.65
1.08
1.03
3.70
V 300
3.65
Feb
4.50
Jan
6.00
2,423
5.70
Feb
6.50
Jan
19%
Jan
21%
Feb
V 5.80
5.90
21%
125
36c37'Ac
19.200
35c
Jan
50c
Jan
10c
11c
40,600
]Oc
Feb
3 7c
Jan
20 Va
3%c
21'A
Jan
-21'A
Feb
Jan
4 -'A c
Feb
21V2
V
3fic
l0'/2c
21'A
-
20
7.95
3c
1.000
3'Ac
„
'
Feb
1.25
5,400
; k:
Vfeb
9
n?3c .,.Jan
24cV Feb
e;7oo
Jan
1.40
'M
Feb
9
75
■;
24q 26%c
1.30 Feb
1.24
1.16
1.25
57,300
1.08
Feb
2.21
2.05
2.95
9,000
1.85
Jan
32%
V
32
32%
280
32
Jan
30
30%
520
30
Jan
2.99
3.15
32c
25c
7.100
30c
Feb
30c
7,900
21c
Jan
28c
—
2.40
3.iQ
Jan
Jan
31'A
,
Feb
3.60
Jan
Feb
,
Feb
33%
,
Jan
2.61
3,960
•V- 4.00
;
19
Jan
Jan
Jan
-
!
Marcus
Massay-Harris
18'A
6.60
Jan
h-*
Jan
Feb
Feb
2.25
Jan
00 ►-»
2.30
36,000
82
25
80
14%
-
7.850
4'Ac
2.06
3'Ac
425
14
80
.Tan
B
Feb
3c
Feb
2.45
Jan
1.98
Jan
52c
Jan
40c
Jan
3.95
Jan
3.30
4.000
Jan
19
Jan
17%
7,225
44c
2.24
14%
85
Feb
V4c
Jan
J an
Feb
Feb
Feb
Red
McLellan
Gold
5.V5
4,800
14'Ac
40,200
4c
Jan
9c
Feb
1.73
380,919
57c
Jan
1.92
4.000
18c
Jan
22c
Jan
20c
Feb
27c
Jan
Mercury
3.880
Jan1,
12c
10.500
9%
Jan
15c
Feb
21%
12.724
18%
Jan
21%
Feb
31'A
32
1,940
-28'%
JanC
32' •<?' Feb
-
,Xr,V
19
10'A
V
10%
30
82c
49 c
Jan
11
Jhn;
27'A; Feb
Jan
Vf 23%
10^ »/2
Jan
6'Ac
Jan
10'Ac
Jan
59'A
Feb
94c
■
Jan
:]04
'
56
.1,035
85c
76c
Feb
v
Jan
10'A
25
9c
'55
4 Vic
1
419
'•
17%
1,000
9c
—-1
V-
,,;.,210
102% 102%
56
•
150
25 Va
24%
25%
1
McWatters Gold
5,000
8c
1.15
21,300
76c
Feb
Feb
•.sjatt
Feb
21c
Jan
Jan
21
*
5
Lake
McKenzie
17,919
6c
6C
85o
31%
*
*
-
17 c
500
1.00
19
Oil, common
Preferred
6.60
Feb
Feb
8c
96c
11c
_•*
McDougall Segur
;
Mclntyre Porcupine Mines
16c
V
21
-
preferred %
class A
Grain
MeColl; Frnntenac
14Tb
Jan
11'Ac
•
20
common
Feb
(L>
.U
8c
8c
1.00
1
Gold
Jah
'2d
3.70
42c
3%c
Martin-McNeely Mines
Jan
107
3.50
42c
*
1
1
Feb
17%
Jan
3.65
——
Milling
Jan
V*—19%
105
500
*
—
Feb
300
15
15,816
.
Feb
4.10
4.85
39c
Jan
20c
65.300
1
Eastern
Leaf
100
106,
33c
2.16
] RJ R U,
1
Gold
Maralgo Mines
3.25
Mines
Gold
Lake
Maple
18'A
17'Ac 19'Ac
36c 39 %c
2.50
51c
13c,
9,500
2.85
Feb
Jan
18,500
36c
Feb
37.478
,2.50
Feb
64c
20c
23c
Jan
Jan
3.30
Modern
74c
Jan
18 %c
Jan
35c
Jan
43c
Jan
11c
Feb
*
i—
Oil
&
Class A
8c
9'Ac
2 3A
:i.
2%
9.00
15%
21'A
21%
32,000
15c
^
Feb
Feb
4%c
Feb
62c sJin
20c.-Feb
Jan
17%
Feb
19
6c
Feb
4 Jan
lie
Feb]
600
-J
2'A
Jan
3%
Jan
4,652
9.50
15%
9.25
21'A
i
Tool
*
Works
—100
Monarch Knitting common
113
108
15
105
Feb
65
54
Feb
5 5'A
Jan
Montreal Light F«at
660
11%
Jan
11%
Jan
9.00
Jan
10.50
Jap;
140
13
Jan
15%
Feb
50
20
Jan
21%
.
-
Feb
Jan
21
75
20%
Feb
21%
Feb
8,000
11c
Feb
16c
Feb
1,051
24
Jan
34 %
Feb
Mosher
1,059
63
Jan
78%
Feb
Mylamaque
Moneta
Moore
17
& Power
preferred.
Lac,
Mines
375
65c
2,800
22'A
24
12,464
20
19%
21%
3.375
•.
100
1
1
——
*
Jan
9
Feb
17
Feb
18
Jan
55c
Jan
72C-.
Feb;
19
Feb
19 3/
Feb
22%
Feb
Jan
73'A
Feb
7%
>•
23%
*
Corp common
Long
17%
60c
17%
9
*
Porcupine
Class A
245
83A
—
1
*
Montreal Locomotive
73'A
200
.
•
Modern
11%
76
3,100
9c
*
3c
48c
18
2%
•
54'A
16c':
4
18c
*
common
54
30%
52c
.*
Gas
Corp
11%
29 Vh
•
17%
^
Container
48c
17c
17c
;
500
23.345
43Ac
4%c
;
Feb
4%c
Gold
Lake
Brick
Mining
Feb
Mills
Mid-Continent
Jan
Feb
——
Red
McMarmac
Jan
51c
6,600
y
50c
12 %c
65,440
12c
.
19c
Jan
5.50
•5,355
106
common
Jan
24%
19.810
Maple Leaf Gardens
19%-
20%-
preferred
Feb
16c
Feb
McBrine
15.800
1
Feb
GO
5,500
4.25
Malartic Gold Fields..:
McCabe
311,400
■
Jan
1.69
^1,875
26
5.80
4.10
Manitoba &
Jan
40c
11%
23,345
1.62
16c 17'/?c
'
•
1,05
*
A—
(H R>
Jan
100
'
'•
/
Jan;
4.00
Feb
Jan
9%c
_
A__
1.50
25%
5.55
1.33
3.65
Feb
5%
8c
A
<ocV"l"t*,s
Feb
4.00
Consolidated
110%
36c
«
——
11 -npr
85c
12%
2,675
A 4 00
Red
Feb
8'Ac
-1
50
class
Jan
Jan
1
!
Magnet
Jan
12 %c 14 %c
common
Jan
J an
34c
55c
1,100
*
1
4%
38c
Grafton & Co class
0
52c
_
Preferred
^iroon
42c
2,500
;
87c
MacMillan
109%
20c
36c
Minp«
Goodyear
Jan
20.500
1
1.50
2.79
*
_
Jan
Feb
34c
32c
5c
17 %c
1
—
Gocdfish Minir.g
26'A Jan
25
25c
5.95
21c
1
.
Jan
45
Feb
70
1
J
Mines
.
37,900
85c
28c
500
18
DC
Porcupine
Goldora Mines
Jan
24c
1.95
5
6.60
1
Mines
95c
Jan
46c
2.10
110
19%
16c
_
Manitou
Feb
26
31 'An
Milton
Golden
70c
13 %c
1
21c 21 %c
1
Mines
Golden Arrow
Jan
20c
<
J
18%
105%
—
.
—
Gold
9c
•
Lake
Feb
38c
Jan
'
rvPdjile Min*
Jan
,
—...1
26
•-
Feb
2.90
99
70
3.00
18'A
Ltd
Mines
7c
76c
•
17%
1.54
_
2,000
27,900
9c
MacLeod-Cocxshutt Gold Mines
Macfie Red
,v
109%
•.•••
Mines—
—
Feb
Gold
Mines
22%
Feb
29c
25
Jan
24
2,173
2.90
~
;
'
*
_
Gold-
Lake-Porcupine
Glenora
55c
•
:
—
Mines
4%
•'
____
Yellowknife
Gillies
common
„
Jan;
2.90
30'Ac
24c
Yellowknife
MacDonald
'
17%
"
Wares
-
Feb
18.500
42c
Mines...
Gold
Lundward
Macassa
•
Products Mfg class A.^Steel
4%c
1
Mines
Louvicourt Goldfields
Feb
32c
_
General
Preferred
19c
Feb
•
1,635
19'A
9%
2.97
•
Bakeries
General
Feb
Feb
99'A
General
..
Jan
13c
3'Ac
500
lAp 1.3?
1.25 V 1.34
—lvV;V'AJAvV
9
9
—
Class B
Feb
24%
m
common,
4,500
v
48c
1
Gold Mines Ltd—
Groceterias
Loblaw
2.75
12%
preferred
Power
Jan
15c
4c
■
Feb
1
Gold
Little Long Lac
5.50
21
*
preferred
15c
Feb
55c
—3
Preferred
5%
Jan
Jan
24c
fTinvmon'Lake
Feb T
193A
8 VaC
0
Exploration
Gatineau
90c
8c
•
Feb
4%
—
———Li-i.
(A J)
Probisher
Jan
9,400
,37c
Gold
Lexlndln
Feb
•'
*
A
class
48c
12c
21,100
*
■;
Candy—
Gold Mines, Ltd
Leitch
Jan
V; 10
_
&
Co
5,800
31,550
40c
t
—*■
Levy Bros.
Feb
1.36
20'A
:■(
:
Mines..
"U"
Secord
2.45
119
—
Francoeur
Frelman
:
«
Canada
cf
Feb
37c
——1
Lebel Oro Mines
4.ZU
■V
7'A'
0
Foundation
16%
14 Vb
v
13
*
17%
2
Aircraft
Fleury-Bissell preferred
Jan
Jan
Jan
Jan1
38c
5.65
•»
3,178
57
8'Ac
A
Mfg
Jan
37%
34'A
14
lGc
L&ng & Sons
r-2,755
119
..
3L-.
104%
Jan
103
.
1
—
Gold
5.05
58%
»
_
___
10
2,886
1
...
Mining
2.60
^cOliimon
common
Feb
39c
38c
13%
—1
*
Gold—.
Madsen
Fittings Ltd
Jan
85c
62c
35c
4V 1.62
1
Mines
Lamaque
Laura
Feb
15
s
Feb
100
23%
18%
18%
—
Products
Fibre
..
24c
Jan
29% Jan A
120
V
Feb
Jan A;
85c
-
1
Mines
Wasa
Luz
Larder
Feb
Jan
20'A
X
Lake
4.65
4.70
*
Fanny Parmer Candy Shops
Federal Grain common
Federal
v
—
Players
81c
30 V2
Feb
15%
-
?8c
LaDaska Mine*
Jan
12
Shore
2.45
1
.—
Nickel
Falconbridge
2,700
73c
34c;
1
Ltd_l
Rowan
Lynx
Eureka
35c
1
Mines
Fortune
La
-
Jan
1.20
4.75
•
Jan
20%
*
—
*«.—
Jan
2.45
Feb
*
Mines
24c
Jan
1
Electric c'ass A
Equitable Life Ins ——
20c
25
•
Gold
Lake
Jan
1.58
•
Jan
1
Mines
Gold
11.000
13%
1
———
Mining & Exploration
Lake
Feb
39 %c
'
El
22c
" 117c
17c
—
i.....l
Townsite
Lake
Jan
Jan
1.35
_
Gold
Eldona
1.62
16,075
49,800
1.50 T
1.23
39 %c
...
A
1,560
Jan
Jan
15
Jan
70c
■
1
....
Lake Dufault Mines
Jan / ;
Jan
Jan
1.36
—
clars
15 '
Jan
'1.26
7%c
Mines
13%
715
14%
14'A
19 %c
—1
•
Mines
Eastern-Steel
Feb
30
Feb
12%
13%
44c > 50c
70c
1
Mines
Gate
Lake"
Laeuerre
Feb
26
26
14'A
Gold
(John)
Labrador
Feb
50
Labatt
Jan
26
1
(vnuca
Eastern ■ Theafcroti' JL-41
Easy 'Washing Machine.
27
8'/2c
—
Feb
1.32
Viines
300
Feb
21%
Jan'
5,780
13'Ac
4c
,
49c
1
..A.—.
Golden
Kirkland
Feb
15%
28 Va
15 Va
10§
15 Va
26
..100
—25
*
♦
1.36
RnlUvnn
20'A
Jan
1
10c
—
,
1 V
* V'
—1
U
Gold
Gold
Kirkland-Hudson
Feb
Mining Co
Malarnt
10
100
Jan
12%
115
57c
15c
,
1
„.
—
Kerr-Addison
Feb
*
Fact
10'Ac
1
-
Kirkland
Jan
Donalda Mines
Paper
29
29
30%
23.50
Ease
S'
Jan
'
*
—_
Gold
Jan
:r:
103 V2 103%
34 V2 35%
15 15%
35
15
60c
1
J
.....
Kelwren
Feb
common..
Amphi Mines
Feb
12A
107%
V Jan
29
B—
13c
9c
40
21%
79c
1
—r—1
——
Quebec
Kenville
Jan
13
Dominion Woolens
Elder
Feb
14 V2
10
1
Stores
Preferred
Eddy
Jan
132
—
class
18,400
29 V?
*
yrand
Jan
v 70
:
,
10c
12
-115
-
20c '
1
—
Mines
Kirkland
& Steel
Malting
Dominion
fact
29 Va
*
11
—
Dominion Tar common
uuvav
Feb
15%
.—
Steel
uuquesr.e
Jan
27
2,780
28
10%
common
Magnesium
Preferred
,
21 Va
27
—*
preferred
Dominion
,
20
Feb
.40
1,025
\
27 " 28
14 14%
15 15%
—
•
3
Mines
Kelvinator
Feb
22
35
Dominion Foundry
Dominion
Jan
-
15 Va
common
Dominion Fabr.cs
Dominion
Jan
Jollet
Feb
1.34
Jan
1.12
Gold
Jellicoe
Jan
18%
21
27
45%
21%
—
,
»
Mining...
Jack Waite Mining
Jan
98c
19 Va
16 Va
Preferred
-"•-2nd
1.70
Feb
—25
preferred
Dairies
Dominion
13,150
*
Bank
Feb
Jan
1
Petroleum
Jacola Mines,.——.—
Feb
85c
Jan
16
950
1.30
10
Ltd
Mines
Dome
Dominion
17 Vb
Feb
14,200
47c
21c
100
Uranium
Jacknife
Feb
26c,
Vr;
Jan
70c
1.18
1.23
1
Mining
64c
Jan
__
*
A
class
—
International
Feb
2.45
Jan
Jan
9c
16 Vi
—*
common—
&eugiatua
uiomiern
Metals
preferred
International
'noon
Discovery Yellowknife
Feb
"*
Jan
2,100
31
1
Mines
International
8c
14,200
13c
,
Feb
Jan
36c
-14
15'A
...
l
Lake
Inspiration Mining & Devel-—
17c
22c
10c
30 Va
30 Va
•
13'/a
-*
2.35
1 •*.
19'Ac
1
•
Indian
Feb
30%
18 Vac
10c
*
7c
5c
46c
9c
12
115
—
International Nickel Co common.
1
A
Jan
14,000
—
Imperial
Jan
.1.43
Jan
1.00
—
Jan
105
Jan
103
105
1.30
1.50
Feb
1.18
7,000
105
1.35
i
—
Imperial
Jan
...
Nickel
Denison
1.58
Jan
92c
115
100
100
common
paid
14c
141,550
9c
12
1
0
.
—
1
Jan
Feb
Jan
:*27'A. Jan
13,821
37c
—
class
Delnite Mines
1.27
2lVa
•
;
class A
& Erie
Huron
35c
.
Davies Petroleum
Bay Mining & Smelting
Ltd
Jan
3.50'Feb
Jan
2.76
10c
4,200
Jan
11%
Feb
10'A
6,545
18c
39c - 41c
41% 42 V2
41c
42'A
2
Mines
Malartic
20%
19
1.
—
Mines
Gold
Howey
Jan
175
Feb
..
1
..—..100
1
Mines.
D'Aragon Mines
Davis
1.00
Oil
Gold
'
42c
——
Trust
Crown
Feb
21
Jan
Mines
Croinor Pershing
35c
:
—1
Mining
Cournor
Crestaurum
V
*
0
1
;
1.15
1.15
Conwest Exploration
Corrugated Box common
21
2,590
43c
•
J
_1
1
Jan
Gas
Feb
Home
1.35
Consumers
Feb
23%
Hollinger Consolidated Gold Mines
.260,
6%
•Consolidated
16c
Jan
Hinde & Dauche
25c
.
Feb:i
Jan
Feb
29VaC
Jan
8c
26,000
Feb
;
Feb
1.40
96c
Feb
Feb
...
35c
Feb
12c
7
7.400
.
10,100
51c
49c
Feb
128,500
15
46c
Feb
Jan
Jan
22'A
Feb
1.49
15c
Feb
1.11
Feb
,
21 %c
,70c
Feb
!
Jan
Jan
26c
12,300
Feb
17c
Jan
1.04
10c
1,500
14c
15c
11%
Jan
17c
V
17,000
92c
■
14'Ac Jan
6
60
Bakeries
Jan
12
1,050
Mines
Jan
10c
80
7
Coniaurum
Jan
65c
50
Oil
Feb
18
17
5,300
29c
12c
12c
9'A
■
Feb
Jan i
890
1.24
84c
Jan
Feb
50c
10
'•
9,400
,
5.50
13,290
21,000
1.15
Jan
4%c Feb
V"
Jan
8
615
'
v
Jan
1
5.00
6V4
1.49
Consolidated
4c"
14 Va
6%
—
17,200
V 350
13 >/4
13 V4
1.41
National
Conduits
10c
25
7
Mines
Yellowknife
Colomac
Feb
6'Ac
Feb
17c
13c
13c
*
Oil
19%
32,000
26c
*
Mining
Feb
Ale 17%c
1.34
15c
>
88c
Feb
19%
(1.23
I 10c
1.18
1
.
9%
6V4
*
*'
1
1
1
—
WW..
2.90
Gold
Feb
' 11
'
10c
1
Jan
9'A
1
10^
1
—
Mascot
.1
—.
17
»<
———A:
Jan
33c
3.80
'16%
17
-55c ; 60c
5°c
—^r^\lc
ZI——1
17VaC
A—-1
1-34
A-,—.—-.
1
10c
Mines
Harrlcana Gold
79VaC Jan
50c
18c
rtuft
;
Jan
20c
3,202
Gold
i
(
Jan
Feb
20
8%
8'A,
s
—1
—
Mines
Hasaga Mines
189,200
1
Gold
Rock
57c
15'A
50
5.25
5.10
vV
:
Jan
1,455
6VaC 7'/aC
4c 4%c
Feb
25
60c
—1
Feb
20c
.7,100
11,500
8%
Willans
WUvfl-OlJUtt
1.96
1.35
59c
Dunlop
Cochrane
Feb
Jan
1.25
Oils
Cochenour
1.25
1.40
2.70
High
42c
9%
19%
9 Va
19%
7c
-4%c
5.25
Halcrow Swayze
Feb
26 Va
Jan
10
1,350
20c 22Vac
4a
Malartic——!
Coastal
3.00 Feb
26 Va
15'A. -15%
—
Jan
25 Va
26
2.90
8%
Chimo Gold Mines
—1.
Preferred
12.900
—
———1
Halliwell Gold
1
Hallnor Gold
——1
Hamilton Bridge -.-—^——
—•,,
Hamilton Cotton——i——,
—*
26
22c
.
*
—*
common.
53c
15 Va
—
8%
——•
Brass
Hahn
Jan
105
Jan
25 Va
2.85
,
1
Mines—
Coin
29
~1
—
Chesterville Mines
Citalam
Jan
Wines—-—*
Research
Cheskirk
104
26
1
——
Centremaque Gold
Chateau-Gai
Chemical
Jan
2.85
1
1
—
Patricia
13
104 Va
*
-----———;—1
Gold
Cariboo
2,788
29
Wirebound Box class A
Canadian
490
14%
Va
Low
High
49VaC
,;50c
Gypsum, Lime & Alabastine L.t,:.-:--"
15%
18 Va
14
.100
preferred
Utilities
Canadian
18
17%
14
—25
Canadian
Feb
Jan
Feb
87c
Gunnar Gold
Range Since January 1
Shares
Low
'
'
1
Feb
Jan
17
Par
High v *.
Sales
for Week
of Prices
Sale Price
STOCKS—
January 1
Vr
72c
11,125
80c
75c
is
—
—
Low
High
Low
Par
Range Since
Shares
of Prices
Sale Price
STOCKS—
Week's
.Range
Friday
Last
for Week
Range
<
*
~
•
Last
Sales
Week's
Friday
Monday, March 3, 1947
CHRONICLE
FINANCIAL
THE COMMERCIAL &
1224
69'A
24-
e
-A
;Fcb
72%
71%
73
262
290
290
290
7
21c
21c
3,000
21c
Jan
25c
30c
33c
9,200
29c
Jan
37c- Jan
21c
—^
a
290
Feb
290
Feb
Jan
c
t;T
Z.*■
'Z1' ZZ /"Z/Zv,'\v■'
V
•<
■.
ZZ'V/
/
VfOZ.-
'
r
-frj.?,
Number 4573
165
Volume
f
\
A'
THE COMMERCIAL & FINANCIAL'
CHRONICLE
1225
CANADIAN
V;;.,;
•
.
•■■■///\'j-Z'•'
Friday
National
.
Drug & Chemicat pfd
National Grocers
insZ
ZZZ-ZS0
National Hosiery
Class B_
National
Sewer
National
Steel
Mills class A
*
"
7Z..v
'
Shares
Range Since January 1
./>' Low
High
13%
Iv.Vi'Vii's
13
10
•
High
Jan
14
v
Jan
17 Va
Jan
19 Vt
Jan
29
Jan
30
Feb
Stadacona
12 Va
220
11%
Jan
13
Jan
9%
33
26
'
26V4
/•v
8V2
10
10
Jan
Jan
29
Feb
33
Jan
26'/a
:
Feb
Negus Mines
ZZ
New
Marlon
2.05
2.20
6,025
v
7c
8 Vac
24,500
'
1.14
1.15
1,100
52c
59c
69,900
"Z 37c
—1
8%c
8c
8 Vac
2,000
1
13 Vac
13c
14c
11,000
9>/ac
9%c
9V2C
10,200
8c
1.85
1.86
250
1.85
Feb
2.12
^
1
—_
A_1
Mines
/.j.
-.1,15;
Gold
Newnorth Gold Mines—
Nib
Z
*
Bidlamaque
Calumet
___i
54c
_
New
Yellow knife
___/
Nicholson Mines
Niplssing Mines
5
-
Noranda Mines
49 Z2
_•
1.99
Feb
2.25
Feb
12V2C
Jan
Feb
1.45
65c
Feb
8c
Jan
8%c
Feb
13c
Feb
17c
Jan
Jan
13c
class
A—.—
Jan
'
2.02
/ Steel
Co
of Canada common
Preferred
■
__:
—
.
Norgold
Malartic
48
491/2
2,295
46 Va
Feb
Jan
Stuart
60c
1
Mines
Normetal
Mining
Norpick Gold Mines
•
•
_
70c
42,900
60c
Feb
83c
Jan
Sudbury Contact
7c
6,000
6c
Feb
9c
Jan
54
Oil
h
Northland
preferred
Norzone
;
Jan
Surf
i
Inlet
40c
43c
19,000
40c
Feb
44c
Feb
15c
21,100
12c
Jan
:,;l6c
71c
2,280
66c
Jan
78c
Feb
Taku
27c
7,700
24c
Jan
/.,34c
Jan
ZZZZZZZZZl
55c
8c
8 Vac
4,500
6
487
43c
55c
171,700
7c a Feb
i
10c
40c
6V»
Feb
/.
Jan
76c
/
Jan
Teck-Hughes
1
Oils
2 45
2.20
2.45
19,750
1,85 Jan
«
—•
i'7n
1.68
1.72
38,000
1.30
51c
51c
500
:40c
Jan
65c
Feb
18c
18c
3,300
18c
Feb
21c
J.an
•
_
Gold
O'Lcary. Malartic w—Z—ZZZZZ-_ZZIZZI*
Omega Gold Mines
ZZZ—Zl
I8c
12c
15c
35,700
•12c
1.72
Feb
12c
12c
1,100
9c
Jan
20 V2
12c
Z 2.67 Feb
Jan
21%
895
18%
Jan
r
Orange Crush
Orenada
j
20c
ZZ
common
Gold
Mines
ZZ
ZZZ
21%
•
1
lie
3,500
14c
Jan
40,700
58c
Jan
70c
68,050
Jan
61c
68c
21,600
Jan
6
6
725
7c
8V2C
6,000
65c
1
17c2
1.70
l
Zip
Osulake
Mines
_Z_ZZIZZZ~ZZ~_*
Ottawa Car
Pacalta Oils
«
___
Petroleum
Page Hersey
Pamour Porcupine Mines
Lt~dZZZZZZ
59c
13c
:Pen-Rey Gold Mines
Perron
Photo
Gold
Pickle
Crow
Gold
ZZZZZZ.ZZZZZ.
Pioneer Gold
Mines of
_
B
C
Jan
10c
5c
500
3c
Jan
55c
37,650
50c
Jan
20c
Jan
22c
5,720
26
45
lie
56c
29c
Feb
19c
1.14
26'/a
Feb
Jan
2,500
10c
Jan
17c
8,955
2.82
Jan
4'in
3.95
4.20
1,940
3.45
J an,
'29 % c
29c
30c
9,500
Feb
41c
40c
42c
8,500
37C
Jan
38
36
•38
4,225
33%
Jan
38
1.67 Feb
1 44
1.40
1.55
15,675
83c
Jan
1.40
1.50
6,000
71c
Jan
1.60
Feb
;Z ~"
12'/a
13
100
12
Feb
15
Feb
1 24
1.17
1.25
Metals '—/
Preston
East Dome
^
14%:/
•
1
49'A
Jan
54
365
9%
Jan
3,950
1.65
Jan
1.92 Jan
Hi/a
700
12%
Feb
14 Va Jan
3,000
12c
Feb
20c
10
common
13 '/a
137/a
375
13
Jan
14
54»/»
54%
150
54'/a
Jan
55
85c.
Jan
1.15
500
95c
6,550
88c
Feb
1.20
95c
98c
5,600
90c
Jan
1.14
*
■
.
18
17%
19 Vt
8,009
17% Feb
1 68
1.65
1.68
1,700
75c
71c
80c
294,600
3.50
3.75
800
14c
14c
15c
11,400
41C
45c
23,290
36c
Jan
Jan
15c
4ic
47c
38
40
33
Feb
38
22
22
25
19'/a Jan
22
26c
43 »/4
43 Vi
35
40
13
13 V2
-85
8
18%
Jan
43c
20
/Jan
Jan
65c
Jan
18
Jan
60c
Feb
20
Feb
'
500
1.20
6,020
Jan
22c
800
;
1.40
Jan
11%
Jan
30c
Jan
■
Jan
12
Jan
175
50
170
Jan
12 A
185
12
Jan
12%
Jan
116%
Jan
20 Ac
11,150
25c
.
111
Jan
.
Jan
18C
Jan
30c
Feb
103%
66 .;,.
.
.
175
Jan
103%
Feb
Feb
93c
98c
8,550
91c
Jan
1.10
15
15
50
13%
Jan
16
Feb
9%
9%
665
Zy'9%
Feb
10%
Feb
2,600,v
S
15c
Jan
21c
Jan
30
30
10
30
Feb
30
Feb
19
20 /4
445
19
Feb
21
Feb
?n
47
48%
75
.46%
Jan
7
49%
7 /8
265
5%
Jan
8%
10c
llO
6%c
Jan
9»/a
1
9%
2.55
•
10V«
1
4,320 j.
10-
2.45
1,365
Feb
Jan
/'A 11V.
y.10
Jan
12
Feb
16c
Jan
22c
Jan
10c
Feb
18c
Jan
4.40
Jan
5,300
2^
3,000
1
t
j
<•«»
49c
4-™
3,279
%.
1,710
49c
15c
25
25
25
00 ,2
^
^0^4
™
1
13 Ac
13,2c
1
19c
18c
Jan
Feb
15c
Feb
23c
Jan
23%
Jan
27
35
1,250
.-36%
>
28
10
26
Feb
Feb
*
105
38%
Feb
Feb
36
Jan
Jan
39%
Jan '
Feb
31
Feb
108
Feb
Jan
14c
12,200
13%c
Feb
18c
22c
•
Jan
26
2,345
^
Jan
49c
65
31
--
4.95
•
110
m
Jan
Jan
945
.
2.65
22c
750
—/e
37%
24
177,100
1BC
41c
l5c
100
10
2.37
1,821
•
*
Jan
Feb
9,639
*
-J
0
9
Feb
Feb
12c
J.00
v
—
common
Feb
Robertson Mfg common
*
Robinson Cotton —.ZZZL—«
45c
15,200
15c
Jan
29c
13'A
4,000
:
Jan
16%
Feb
98%
Jan
99%
Jan
13 %c
55
-
Jan
Jan
Feb
17c
Feb
Feb
•
Feb
Jan
Jan
Feb
36
12%
.
^
103 A 103
•
WoolrCombing "ZZZZZZZZ-ZZ-ZZ
Jan
•
Jan
7,209'
Jan
95c
12
205
/
Feb
95c
88c
l
50
37,600
18
1.38
Jan
_ZZ_ZZ_ 1 £■'
—ZZZZZZ.IZZZ1',
Quebec Gold
6%
10,750
Feb
40
Flour
Preferred
Feb
Feb
—
———*
Wiltsey-Coghlan Mines
/Winchester Larder
Jan
6
Sz/zdy:;
35n
Geo
54
7
————*
Preferred
28
Jan,
/
Jan
14
Weston
Feb
53'A
—
UlaSS
12'/a Feb
1.75
26
I9
sr
Feb
54
I2V2
12c 12 Vic
1 71
Jan
Jan
1.40
--
*
50
Products
Western Grocers common
Jan
1.00
82c
3.65
9%
—————*
Mines
Jan
2.75
Feb
96'c
25
Malartic
30c
Jan
Feb
1
Consolidated
Jan
2.25
116% 11(3%
—
*
23c
Feb
1.35
—
Westeel
Jan
12
L.
Mines
10
1.40
Feb
54
ZZZ... IZ...1
ZZZZZZZ~~1"
Mines
2,850
1.16
.
1.69
100
Pressed
West
Jan
3.25
'
Wekusko
2.85
8,610
*
'Wnite-Amulet Mines, ltd——
(Walker-a & W
Jan
Jan
171
Villbona Gold
Jan
Jan
2.25
Feb
12 A
23c
100
—•
Vicour Mines
F#b
38c
41c
10c
C
•
4.25
Jan" £
27c
25c
1.35
;
—
1
"A"
19%
390
•
23c
—
50
Class B
Jan
30
1111
*
Steel—
Upper Canada Mines.,
Feb
Feb
3.45
v
-i§
11%
100
Ventures, Ltd
3.25 Jan
2.65
Jan
,
1.35
—
•
common
United
v
Feb
15c
class
Jan
2.02
1.35
*
—
United Oils
Jan
3.30
3.30
;
—
26c
new
Class B
'r:
Jan
Jan
375
12%
.
Untf?<r Corp class A
1.31 Feb
Jan
26
12%
—
3.45
—1
Fuel"
Jan
89%
21 Vac
Feb
'
65c
United
83
Feb
500
51c
Uiiion.Minlng—
Feb,;
Feb
Jan
15,050
r
6%
,
5V2c Jan
'
6'A
58c
Union Gas Co
Feb
15c
1
Premier Trust
6%
47c
23V2C Jan
Jan
Jan
86
10,250
59c
Mines
-
100,600
1.25
-5
•
^
L_
Mica
Jan
17c
.—ZZZZZZZZZZZZZi
Corp
Premier -Gold
Purdy
Purity
/ 11c
6,100
3.10
1
Voting trust certificates
Proprietary
8,000
15,500
11c
15c
•
/
5
Transcontinental Resources
Twin City common
1.70 Jan
3 20
Zl®
_
54
Oil———
Toronto Mortgage
Towagmac Exploration
/Traders Finance preferred
Jan
Feb
1.06
19
28
—
Feb
1
1•
26
53 Va
50
—
Feb
1.20
Jan
19c
26
\
Powell Rouyn common
Power
1.40
16c
19c
25
1
65c
33'/a
•
Jan
l
Mines
Porcupine Peninsula
Porcupine Reef
1...
Powell River
Jan
31
17,455
1.22
igc
1
_■>
Piccadilly Porcupine
50c
84c / Jan
210
7%
10%
8%c
90c
—
1
Toronto Iron Works A
Feb
50c
55c
>
Mines
Engravers
9c
17c
llr
ZZ.ZZZZZZZl
Paymaster Cons Mines
Jan
79 ;
9,177
90c
90c
•
com
Toronto General Trust
Feb
Feb
Jan
22c
2.60
,
26c
Tip Top Tailers——z——
Feb
6
10'Ac
1
Malartic
75c
2.45
;
2.55
*
>' Tombill
Gold
Feb
6c
3,700
•
~
4% Feb
55c
4 VaC
1
Partanen
1.62
131}"
17 iic
1
Parfcec Malartic
32 Va
1.43
1.50
1,200
60c
1.08
31V2
1 60
ZZl
Paramaque Mines
,
95c
32
•
Pandora Cadillac
;
R.
—ZZZ'~~~'~~~~"""'~i
ZZ Z
1
ZZZZZZ
*
Pacific Eastern
Pacific
62c
Feb
lbc
1,000
23c
Mines
Elevators
Jan
23
600
8VaC*
50c
Toronto
Feb
8
100
25c
8%c
2.41
2.26. Jan
1
Oslsko
;
19%
25c
-
1
Thurbois
18VaC Feb
17c
67c
19V2
—
10
/ Texas Canadian
Jan
1.87.
15>/2C
Orlac Red Lake Mines
Lake
13,640
Thompson-Lund Mark Gold
Mines-—**
Feb
Feb
23
2.50
25c
Feb
14c
:
2.35
245
Jan
104
-
Jan
6%
7,000
2.50
—
Carson
Gold
6
Jan
t
9'A
Jan
Jan
88c
190
18c
1
Toburn Gold
Omnitrans Exploration
80
87%
2.50
•
&
10
50
Feb
Jan
78c
19% Jan
18,500t
18c
Jan
0%
30
50o
common
Taylor Pearson
Preferred
Feb
95c
—
„
River Gold
(G)
Preferred
'
—:1
Sylvanite Gold Mines
Jan
;7
10%
Feb
102
100
86V2
—
_
-
5V2
7
90c
2.37
1
Mines
Tamblyn
5%
22
10Va
•
10.
'
'
«%
225
7Va
79
1
Consol
68c
*
L
Feb
69c
g%c
Gold Mines
Okalta
2.05
/
12c
(1940)__ZZZZZZZZZZZl
i.Z I
Ogama-Rockland
Jan
70c
v
common
Rouyn Mines
O'Brien
1.70
10,146
25c
»
_
Mines
1.80
Cons
42c
I"™
Mines—
Gold
North Star Oil
1.70
ttuxlivan
:
13c
i'
Northern. Canada
Inca
1 go
__
Norseman Mines
North
63c
4,999
..
.
87
Jan
6V2C
1
Mines
1.25
18c
*
•
Sturgeon River Gold
Norbenite
18 Va
80
25
Rock Iron Mines
oteep
Jan
Jan
9Va
7%
94c
*
Steeloy Mining Corp
.
9%
High
17%
97c
103 Va 103 l/a
22
/.7
10%
'
1
Low
440
70c
•/;
—*
Jan
Jan
68c
—
Radio
Range Since January 1
4,700
1.18
'
•
103 '/a
*
ni Stanley Brock A
Starratt Olson Co„
Jan
7c
1.10
1.10
—
-
New
18 Va'
6b'c
—
;V;: Preferred'
Standard
'
Shares
High
i 18%
1.15
(1944)
—*
Standard Chemical common—
•
Preferred
———100
Btandaro Paving common—
*
Feb
23
10 ;V
540
Mines
18%
.*
Springer Sturgeon
10
for Week
low
•
-—
75
Sales
Range
of Prices
ZZAZtZZz;:"'Par
30
9%
Week's
Last
Sale Price
Southam vCo
18%
■'/v
.Friday
/•.■■•'%/
•
STOCKS—
"30
33
26
•
•
■
12
12%
«
A
28
18%
:
__
•
class
Car
Low
13%
•
common
Preferred
of Prices
;_5
MARKETS
FEBRUARY
'(■:/.i',%/•v/z
for Week
Range
I stocks- /Sf;#/v:;<s,Kic.
V//
Par ".."A -.
LISTED
FOR WEEK ENDING
Sales
Week's
'
RANGE
Quebec
Manitou
Queenston Gold Mines
Quemont Mining
:
Reeves Macdonald
95c
1
—■
Regcourt Gold
Renabie Mines
"
1
X
Reno Gold
X
_
—_
—ZZZZZZZl
Richmac Gold
(1936)
Riverside Silk
class A
>
Class B
—
38
.
Little
•
common
Class A
ZZ
7
*
Robinson,
•r
'
•
18%
18%
~*X s
Roche Long Lac
Rochette Gold
1.30
7c
1.68
80c
Jan
2.20
3.75
Jan
.
8
18%
Feb
19
1,500
8Vac
12c
Feb
10c
12,000
10c
Feb
46c
51,780
35c
Jan
Roxaha Oils Co
m
g4C
71c
1.00
112,900
49c
Jan
To
; 24 Vis
24 V*
24%
2,550
23%
Jan
1
50c
45c
Bt Lawrence Corp common-..
Class
12%
X
100
Ryanor Mining
105
100
I
Band River Gold
j
ZZZZZl
.—Z*
Mines
Bcythes & Co
common
Senator Rouyn Ltd
1
Bhawinigan Water & Paper
Shawkey Mines (1945)
4.10
K";;
8c
21 Vac
,i:
Winnipeg Brewery class
Sheep Creek Gold
1
8herritt-Gordon Gold Mines
V. T.
common
aZ
25
Feb
Par
Feb
Andian
Feb
Jan
14 V2
Jan
20
12c
12c
1,000
105
105
55
71c
Feb
13
855
40 'A
42 Va
160
128
85
Feb
106
Feb
Jan
14
Feb
44%
Feb
Canadian
36V2
Jan
129 •>.:•' Feb
Jan
4.05
Feb
7c
13%
50
53c
57C
24Va
3,038
;
19,300
460
/
:
'
:>
13% Feb
50c
Canadian
Jan
Coast
14
Jan
48
Jan
64
Feb
5
160
Jan
169%
163
—
163
,/
Feb
Feb
•
22 '/a
21 %
22 Va
475
20'A
Jan
22%
Feb
common
15%
Jan
—
Marconi
Vickers
•
Lumber
260
13'/a
Feb
24%
725
20
Jan,
2%
2'A
—
139
28
S.
*
,
.
—
/
18 Ve
-
-
'46
13'A
33
—
2,900 y/
28
3%
400
s
Oil
•
—
DeHavilland
Jan
Disher
Jan
4.30
4.00
4.80
514,131
2.06
Jan
5.35
Feb
Dominion Bridge ;
Dominion Textile common
•
14
1,110
13 Va
Jan ;
14%
Feb
135
12%
Jan
13%
Feb
Donnaconna
•
10%
Feb
Aircraft
25
Steel
4
Paper
Dryden Paper
ZZZIZZ'Zl
53c
46c
4Cc
Jan
Silverwood Dairies class A
ZZ.ZZZZZ*
11%
11%
12
690
11 Va
Jan ;-
8V2
8%
1,253
6%
29 ia
29
29%
245
29
Feb
32
25%
26
712
25%
Feb
28%
Jan
Pend Oreille
105
106
155
104 V4
Jan
58c
63c
15,152
48c
Jan
45c
49c
11,200
41 Va
Jan
3%
y
47
;
Feb
Jan
2.40
Jan
19%
Feb
33
Feb
52c
Feb
Jan
y
32c
Jan %
13 A Jan
310
-
"
.—
18
—
35 Va
f
98
10
18%
37
,y,99
50
25
:
Feb
3%
v
3 A Feb
.
940
32 A
?./•••/,;,2092
.J:?.-}*-r
18 A
190
\Vy
,
•
2.65
; 2.53
2.75
4,500
24%
24V*
25
230
50%
52%
/8
Jan
Feb
.
Jan
37
100
Feb
"
Feb
,
19%
'tan
18%
"J
2.73
1.90 Jan
Feb
Feb
Feb
Jan
l J>l
Jan
Jan
""
35%
———*
—
3%
L75 Feb
3,085
,
3%./// 3%'/3%-r
•
Foothills Oil & Gas
Silknit Ltd common
Silver Miller
Jan
Jan
17 A Jan
5
43c.. 45c
25
25
-
Jan
32
152
30
;
^671
33
3 /
Jan
43
400
19
Feb
Feb
<
35
1.75;^;
25% Feb
26
35-
-.46
r
2%
.
139
100
140
1.75,
-
Consolidated Paper
———*
Consolidated Press class A
*
2%
\,
3%
—
/
5
-
13%
24
^
100
Western
13%
—
—•
common
•
24%
•
•
Jan
;Z;
540
Feb
1.65
8.70 Jan
Feb
62
5%
13%
•"/17
31
88%
42c
700
Jan
Jan
Feb
V-
Feb
27
Jan
Jan
9.75
19
95
4%
Jan
18]A
High
Feb
77%
1.30
9.50
y
13
29
450
11%
18 V*
Low
50
60Va
62
*
Industries
Westinghouse
Copper
^Dalhousie
Range Since January 1
L;
240
235
9.50
e
19
5
2,500
ZZZ_ZZZZZZZZZZl.
High
85%
35c
13V4
/
82
1.50
13
Feb
47/8
121/4
137/a
Feb
83
12
"""
16c
15%
28
—
1
32c
♦
Jan
Jan
100
1.44
31c
Jan
Jan
19
,
Jan
Jan
Low
\-
com—*
Z"
6,500
3.40
26c
10c
Shares
—100
*
Canadian
Jan
64c
.
Pap
Preferred
Jan
25'A
Jan
23'/a Jan
&
Vinegars
Canadian
10c
Jan
' 9c
4.50
Canada
*,
25c
Jan
19c
;
Pulp
Dominion Sugar
Canadian
4,800
4.25
-
24 Va
55c
Feb
117
Jan
for Week
•
common
&
12c
9,000
8c
Canada
,13
Feb
12V2C Feb
20c 2IV2C
4.05
Co
Jan
9V2
[25% Jan
:>
14
Sales
Range
—
Preferred
12
105
Jan
,^n
•
■
of Prices
*
Preferred
Feb
Jan
National
Asbestos Corp
British Columbia
Jan
40c
*
••
Week's
Last
1.44
~
Bigma Mines
1.03
800
Sale Price
STOCKS—
•
50c
1
_
C.
58c
20c
.1,700
10 '*
4
3.05
6,800/
23c
; Canadian Funds
Friday
Z_Zl
Shea's
't.
4
13%
•
Sicks' Breweries
770
125 Va
ZZ
A
Sannorm
12%
121/4
12
__
*»
8t Lawrence Paper preferred
Ban Antonio Gold Mines Ltd
145
40,700
.
12VbC
10
24%
Exchange-Curb Section
.
Brown
*
Saguenay Power preferred
19
60c
18
Toronto Stock
Feb
,
22c
--
Feb
40c
™
*
Jan
Feb
11c
Rush Lake Gold Mine
Russell Industries common
——
Feb
14
Feb
46c
—
23c
12c
50
6,210
3.^0
Feb
150
11c
—J
25^ ^
3.10
Feb
180
10c 12 Vac
—
'
Feb
12'/a
% 7
.
Royal Banc
Royalite Oil
Feb
43%
vJan
Rouyn Merger Gold Mine*
~~1
Yeilorex Mines
Ymir Yankee Girl
York Knitting common
21% Jan
Jan
55c
*
5v -Wright Hargreaves Mines—,
3.20
5
Class B—
01/
"
Simpson's Ltd class A
1
Class B
Preferred
XOO
Z
Blscoe Gold Mines
'
Bladen Malartic Mines
For
footnotes
see
page
1
1226.
x
sun
53c
150
,55,600
Feb
18% Feb
53c
Feb
12%
Jan
87/s
.
Jan
Feb
Steel
*
_
/
International Paper common
Minnesota & Ontario Paper
V,
•
18%
50
18%
Oil Selections
*
5%c
5%c
1
3.00
2.90
3.00
*
30c
29c
30c
1
10%o
1
1.35
-
—
Feb
Southmount
68c
Feb
Temiskaming Mining
54
Feb
Yukon
106
V
Haves
Investment
Consolidated
—
19
5%c
10c 11%C
1-35
1-35
.
23/a
5,onn'"i7
990
^
3,000 ^
11
Jan
30
Feb
55% Jan
Jan
21
Jan
6c
4%C Feb
2,310
2.90 Feb
2,20
23c
8,000
lOo
5,2oO
•.
'.
Feb
Feb
3.40 Jan
30c
Jan
Feb
12c
Jan
1.45
Jan
THE COMMERCIAL & FINANCIAL. CHRONICLE
1226
.Monday, March 3, I947
OVER-THE-COUNTER MARKETS
.
Quotations
for Friday, -Feb.'
28
•
tt
Investing Companies
•: ?
aeronautical
Amerex
1
4.61
Shares
35 y2
4.05
3,05
»
7%
{
Axe-Houghton Fund Inc..
—
Axe-Houghton FundB——
Beneficial Corp
——1
.
7.67
i
?
*
i?
Blair &
r
Bona
Loomis
'Loomls
Investors
Trust
Investors
2d
•
) Mutual1: Invest
19.81
30.47
1
Nation-Wide
*
"<»»
.
Fund Inc
•
Industrial Fund, Inc.
Fidelity
t<
Mutual Trust Fund
First
t
1.99
i-
.10
4%s
/Income
•
l
43.23
7,79
5,33
u
6.91
(
("Aetna
Aetna Casual A Surety.
>7.67
(-
Aetna
4.18
4.71
4
5173
e•*
4.52
u
..3.74
/
■
Agriculture
shares
—
Building shares—
——
(
7.31
t American
7,73
9.67
0 American
t American
Surety
10.33
1Automobile
M
General bond shares
8.21
Industrial Machinery shares—
7.14
Institutional bond shares
9.98
i
—.
Low Price Shares
Mining shares—.
shares
—
f
-
4.57
Tobacco
>'«
t
/
8.93
#
/
9.02
,
8.23
/v,
/ 12 <44
; 11.35
...
_
&
Trading
;
Fire
4.97
23%
North
32
35
•
Fire Assn of Phila
1.73
1.77
23.43
25.19
Bond
jv Series'
series
6.52
/, «,
56
162
54
57
■'<
32%
20%
48%.
50%
Newark—-
/
General Reinsurance Corp..
Gibraltar Fire A. Marine
Fire
.10
-0
■>. 6:
—*#110
(NY)
—
> Hartford
/•"*'#'
,..'••8 I
:
38 /;
97a
•Revere
(Texas)
(Paul)
10
Fire
88
Firo
U 8
27%
U S Fire—l—
107%
111%
10
4 Hartford Bteamboiler
Inspect..lQ
39%
30%
32%
114%
30
v;. /32%
c.,,
600
.615
Fidelity A Ouaranty Co._2 ■»': 44
-—4 'i
U S Guarantee
42%
55%
110
•y
—*100
30
25%
shares.—..
1.00
—10
,?
52
t-H
Westchester Fire—
15.41
if America—ill
(Invest'Management Fund Inc.l
28/06
30.50
V Investment Go
?
,
;
* 35
Series
b-2
13:84
14.15
29.50
25,85
28.31
17.46
19.16
9,39
——.
B-3
10.32
—
Series
B-4
—
—
"
8.56
9.36
23.29
$
C
'*D
18.20
2.01
6.85
'
•
Recent
19.86
i
7.80
Series. 1955
2.91
Bid
1
>
:
U 8 El Lt A Pwr Shares A
*1966
88%
90%
;
21%
American Airlines Ss..
Calif Elec Power 3s
i.1976
105%
1053/4
(Okla)-2%s_.*.1975
Scranton-Spg Brook 2%S£^1976
Sioux City Gas A El 2%s_.iLJ1975<
El
Paso
Electric 2 %s
'//
'1976
102%
103 %
100%
101'
1970
1033/4
104%
.Tenn Gas A Transm 2a/4S—1966
Texas Power A Light 23/4S-1975
Ai(
Bid
Par
«
I Fulton
,360 *
%
100
345
42%
100%
Utah ?ow- A Lt 2%s
42%
>
a. -44
%
Morgan (J P) Ac Co Inc
National ity Bank
3ft
PA
1718%
Continental Bank & Trust—10
tCorn
Exchange Bank Ac Trust-20
(•Empire* Trust'
-i50
(Federation Bank. As Trust. ,.7. .10
58
94
,
60
98
.
22
24
-
(
Fiduciary Trust ;
————.10
38 '
v 41
'First National-Bank
1001,540 11 1,580
r.
*
-1
v
\
•
—25
49
52
.20
56
100
12%
States Trust
58
243
(<♦
249
40%
&
101%
1043/8
N Y
■
1063/4
Ohio
1975
103%
103%
23/4s_il977
102 y8
1023/4
1976
102%
103
Pennsylvania Electric 2%s_*197fl
(•Philadelphia El Co-2%s
.1981
•(■Philadelphia El Pow 2%s„1975
102%
103
1033/8
103 5/a
102
102%
/
Pgh Bessemer'A L E 27/8S.il996
V
665
Federal Land Bank Bonds—,,
.
;; 1 %s Oct 1, f 1950-1948
•„ ,iy4l
May 1, 1952-1950
1 %s Jan. 1, 1953-1951
2%» Feb. 1, 1955-1953
r
100.10
100.12
99.12
99,16
100.2
i
Federal Home Loan Banks—
".iy4S Apr: 15*, 1948
103.6
100.6
j
-
Bid
;
t Ask
:;
100.3
Other Jasuet
Panama Canal 8s
1981
103.10
126
-
?•
Far
El
•
Public
Oil
•
(Cair" $3.75
—•
Willys Overland 4 % %
m
,,103%
;
62%
10
-15%
:
:•
■
.,■■•■•-; ,■
^'.Treasury bills—
( Mar.
6, 1947
rMar. 13, 1947
;>i.Mari>20, 1947
Mar. 27, 1947
^
'Apr.. 3, 1947L...—
#127%
■' ■.£•*■*•*>'-ivXiVi
Treasury Rills
•>:
r:.t>
.Ask
Bid
17, 1947
1, b0,375,
-,{
t ;Apr. 24, 1947
b0<375
>May 1-,-1947.—,b0.375 ,
May 8, 1947__—b0.375 C
May 15,1947
*-.* „.b0.375 (.
:V Apr.
•
/
•■■■
Rates quoted are for discount at purchase
Bid
.100
State
Union
b0.375
b0.375
.
;
0.28%
0.33%
b0.375
0.33%
b0.375
0134%
b0.375,
«v
Aprkv40, 194V-.—
0.34%
Ask
0.35%
0.35%
v
0:33%
b0.375
-
-
•
a
402 /
•>! 695
Obligations Of ; Governmenlal Agencies
>
1023/4
102%
101
.
v
k—
.
Ask
...1976
78
-12 4*14%
•r
/
402%
100
109
5 <110%:
& Gas 33/4%—100
983/8
997/s
Service'3.90% 1/100 '102%
103
Pennsylvania Electric 3.70%. 100
■?.'102;/v ;M03>
Public ^erv- (Ind)"" 3.50%—100
,>96
: v< 97%
Ruppert, (Jacob) 4%%—,100 403%:
•405
Scrantop- Electric 3.35%__/_100 1 96%
(.98%
Scrantori Spg Brook '4;10%:_100
.105 t
:i(io3%
105%
106
'Ohio Public Service 2%s
•
'
Monongahela Power 4.40%
104%
2%s
101%
"102
.102%
_
—
98%
11965
*1975
United States
BM
r. 1/
Preferred Stocks—
*
\
Ti.
102%
104
1
<
o-
.103%
105
.1976
J1976f
Ry 3%s_1980
Gas
T*
TTt.l.
,
.:,i023/4
•44
74
:
El
■104%
-
-
,,102
102%
102%
;'
r.98y2
•42
100
N Y State
a-
42%
\S
<•••95%
Power
99%
/1976
Monongahela Power 3s
18
1,800
Public Nat'l Bank Ac Trust_17ya
Sterling National
25
United
304
17
25
Title Guarantee Ac Trust
<
Montana
100 1,750
New York Trust
/
195
295
Lawyers Trust
(•> Manufacturers Trust
Co
-30%
Ask
180
10
\
Kans Okla A Gulf
200
f'
104 %
Commercial National Bank Ac
*TVtinf
'^«1
-
Laclede Gas Lt 3%s
—100
—100
,100
125
:•
Trust
Grace National
...Guaranty Trust
Irving Trust
Kings County Trust
/;44%
120
Central Hanover Bank As Trust20 • 101 %
Chase National Bank
w'37%
Bid
'v. -Pm-
«/28
100
Brooklyn Trust
?
*■"'
Iowa Pub Serv 2%8
Kansas City PAL 23/4s
>
•
Bank of New Turk
Bankers Trust
—10
"
:'J niinois Power Co 2%s
City Ranks & Trust Cos.
Bank of the Manhattan Co.—'10 *-.26'A
10
2%s
Public Serv
2%s__<1972
Firestone Tire & Rub
Gatineau Power 3s
■
-Bid
Portland Gas A Coke 3y8S_1976*"101
i
2.95
'
New York
Ask
Bonds-
a
3.43
1
.
Series. 1956
•.
Security Issues
1
2.59
North Amer Trust shares—
i
Chemlcal Bank A Trust
;
.
37%
Unit Type Trusts-
-
Independence Trust Bhares
>U Series
'
83
7.20
21,30
1
Diversified Trustee Shares—
28.17
Keystone custrtian Funds—
Series B-l
—
•
i
46
,^55'f-
1.11
14.07
,
i
75
52%
s
*10
•Travelers
28%
25
.
72
Security. New Haven
,10
Springfield Fire A Marine.__.20
10
,30 1
Q,
,
10
/ Standard Accident
.0
L
27 i-}
,
.10
Marine——12%
93c
84C
Bank Group shares
(Stock and Bond Group shares.
(Insurance Group
,
■
'
Wellington Fund
11.49
10:49
■<i.
_
;
95 R
:
.
35%
»
i "
1/57 /
-
..9
24
American
Hanover
8%
15
—15
/",2nd preferred
Great
84
# 105
21.25
6.58
>'
.0
Republic
23.54
19.44
.Union Preferred Stock Fund
0
Globe A Republic
/
:
10
/Globe A Rutgers Fire com
7.14
-90c
*
91
Seaboard Surety
18%
50.00
22.83
*
,
Reinsurance Corp
30
47.00
80c
54
Providence* Washington
St Paul Fire A
88c /
25%
'
Franklin
,i
0
:
-v
23%
f
; 80c
A—— ;v
B
Series
Fund
51
155
Glens Falls Fire
Corp—
Trusteed Industry Shares
200
23%
-6%,
.
10
Preferred Accident
•
14%
/State Street Investment
28■
>%5o a ?
133/4
101
Phoenix
70
20
f
/
•
,#12/."
;
-10
31%
67
21% 1
12.48
26
79
Indemnity Co
13%
105:99
53 >
6%
>165 >
,,
£*90
5
CO
'155
1
-.—19.50
^Pacific'
5 *,
of
30%
;
s
53/s
0
29%
—10
Fidelity A Deposit oflMA
50
:.li
..10
r
#28%
0
2.00
•Northern;,/.
54%
10
•
<,10, ■l 47%
River
Pacific
Employees Group
Employers Reinsurance
;
85%
i:,30>
e
*_S
Northeastern
•
23%
—*10 'A:. -'25
7 Firemen's
3.87
11.54
1
Casualty
20%
52%
JO
£0
New Hampshire lire
New York Fire
•79
•
55:
1 '28
2
New Brunswick
16.65
A;
<103.89
10c
6%
102%-
•
Utilities
•Standard
(Detroit)—10
67
76-
39
•
81
*10 ;
98%
—2 %
Sovereign Investors
6.23
95c
Casualty
18%
10-
:i
,1 '13%
J 53
\
National Liberty...
National Union Fire—
New Amsterdam
r Fireman's Fd of San Fran. £—10
2%
K
Selected. Amer Shares
National
22%
—0
'>99%
35
Firo" K Y——..4
30
20
lOo
Mfrs
78
•
j: 96
:
Ask
16 y4
v..22
12%
—8
National Fire
v
/Federal
> 8.15
Pomeroy
Union
Institutional Securities Ltd—
Aviation Group shares
6.16
•
7.19
5.62
Union Common Stock Fund B
v
12.96
6.56
—
Bcudder, Stevens As Clark
Fund,' Inc
Tr Income
0
/<'..'
ii Crum A Forster Inc
11.83
,,
3.52
Tobacco shares..
Incorporated Investors
9.27
;
15.48
5.66
'
8.46
3choellkopf Hutton and
5.20
75c
-■
r
> 5.10
Foundation Fund Ino
Common
10c
/,
1
5.21
»4
Camden
j
'
.
i 11.89
1
4,69
'Huron;. Holding XJorp-*
■'
63
Connecticut General Life..—,10*
Continental Casualty
—
0
Republic Invest' Fund
4.79
-
/
•'■'■
•
1
73
City> of New York
Railroad equipment.
Steel
*
2.97
5:74
v
&
:
i..
39
-
5%'
-25
c
Putnam' (Geo)- Fund
shares..
sharea.
■•••
2%
—-10
Shippers
tl
Oils
7.02
Steel shares
UtiUtv
10.76
<
(
r.11.04
Public Utility
/♦Railroad
Merch
<59%
36
10,85
Petroleum
Equipment shares—
:
9.82
—
8.49
2.72
stock
•
-'28:
" ;
21%
57%
10.07
•
6.20
Railroad Bond shares—
RK
v.9.27
6.46
5.85
6.47
.Railroad
i! Beston :
9.94
5.39
•'
t Bankers &
13.34
7.99
9.17
Merchandise shares.
v
Petroleum
12.85
;•
:
7.75
7.37
—
'•i'
*
,ti
stock
10.45
Baltimore American
9.54
12.17
Insurance
•
'Bid
265/4
J,!14%:-
Prior", preferred
Convertible preferred
"
Merchandising
•10.48
7.83
—
—
20%
■30
19%
—10/
—20
——.10
—
Machinery
8.90
shares—
16%
.45
common..**! ;uU%
'Massacnusetts Bonding
Merchant Fire Assur
13.99
11.73
'(
"C
,12 y8
19%
28
10
Reserve
11:33
U.
—
-
i 8.38
/■Investing
'13 Va
>18%
"10%,;
i.2%
•
—10
'Maryland' Casualty
•34%
11%
Fire
Clnsur Co of North America—.10
; Jersey Insurance of N Y—...20
22%
16%'
.Par,
—I
.'Homestead
77
;;
"
i
Administered
.
32
—--8
Re-Insurance
12.77
7.44
5.71
Fully
66
43
,:Home
•47
74
—4
Casualty
1
10.34
r
Speculative
Electrical equipment
*
-
11.22
10.35
Electrical Equipment
Food shares.
441
55
20%
American Equitable—
——fl
American Fidelity A Casualty.I
;• 9.43
——-
Cl.emlcal
•f
6.65
•'
32 '
Companies
85%
45
'v
—10
i. American of Newark
7.89
8.82
Bank. Btbck
9.54
6.86
Chemical shares
a
.
6.13
8.80
—
'
14%
/Preferred
^
82%
—_10
Automobile
r. fAmerican
,'10.93
7.20
-
Aviation
7.82
6:74
——
29
'62
Ask
52%
—i:25
Alliance
American
J
6:26
)'.16.31
■a,9.97
....
Life
American
1
.4.16
5.64
15.21
r?
Building supply
^Business
Equipment
6.14
7.21
•
—-100
preferred
JDenver Ac Rlo-Grande* oom—'
>8.92
4,4.07
/
'•
■ao
Agricultural
',8.08
vJ6;99
..1
Bid
.—10
i:
Diversified Investment Fund—
shares
91'A
Insurance
7.70
4.82
scries
A Diversified
Automobile < shares
63
Par
'
Group Securities—
Aviation
1993
11.06
7.10
New fork Stocks Ino—
'46.48
/Agricultural
61
89 y4
-2018
.
1st 3-4s income
15.28
10.23
.
Stock series
•-
6,69
General Investors Trust
6 %
-15i44
14.23
1
'New England Fuhd„>
<15134
5.80
u
.Common
-
8.84
<14.13
Corp
Automobile
I4';0o
it
■
.Chicago Rock Island At Paclfio—
■'
—
Selected series
6.38
■-
,'. X)Stocks, —>'
12.22
Low priced stock common——
*
2.18
■5.74
.
-
86-v '
'
0
General Capital Corp
(
82
-2019
■#Bid;-:;'4:^Ask;
•
..
108
>28.01
Preferred stock scries
> '42
Fundamental 'Investors Inc..—2
Fundamental Trust sharesvA—2
r
Ino
Low priced bond series
v
'26,04
39
10
First Boston Corp
A
104%
49.30
8.07
Income "series.
■16,45
Financial
f
l:
Fund
Industrial- stock
1
'26.82
15.38
24*19
1
—
•'■■'■
-1994
Securities-—
^speculative series
25.12
1
.3 Balanced Fund
<* Stock
Fund
Ask
?•.
Denver At Rio Grande—
>
6.08
25.91
„
J
1
Bond:Berles
r
irn
Howard—
.Eaton A
Bid
National Security Series—
-
:
•J
11.30
1
Fund
shares
National Investors
32.76
—.-1
14.20
15.36
, 3,080
*" Christiana Securities com-—100 2,980
155
150
7 Preferred
———100
6.45
5.93
u Commonwealth Invest——...—l
•17:49
16.17
r. Delaware
Fund
-A
> 7,95
7.00
t Diver Trustee Shs ."D"—*_2.50
1.63
1.48
Dividend Shares
2Be
-
Balanced
-
5,15
<
wuvuiivm
L
-lOfl
Mass
*Mass
4.45
^
*;.ConF Income 4%s.
13.39
5.46
5.48
^Common
104/57
18.07
'vV' /
Manhattan Bond Fund Inc—
22.35
1
:
103.78
Sayles Mutual Fund
•
Sayles Second Fund—10 •{,48.31
19.29
.-1
Century Shares Trust
Chemical Fund—
.
.......
t
Fund.
20.67
0
Fund Ltd
lnv
Canadian
,
J.4.93
17184
Broad Street Invest Co Inc
Bullock
Fund Ltd..
fr
-Series'* 8-4.
-
Knickerbocker
5
100:39
lnv Trof America—
Fund Inc
12.18
6%
'
4
1
Co
Boston
r
57/s
.
1st 4s
•';(
29.00
S-8.
17.57
16.16
—
Chicago Rock Island At Pacific—
H 16,16
.Series
*
&.29
n i
26.40
■<14.70
^
8%
a
-24.41
Bonds
'••20.77
f;-Series/ 8-2.
•
9;82
.*
'18.92
1.22.23
Series, S-l.
r
4;44
'
Foreign Investing.lOo
reri Standard Oil shares—
American
r
(When, as and If issued)
Series K-fi
i
5.05
33'/a
10
1
Holding Corp
•
Reorganization Rails
Ask
.Series. K-l
6.81
6.21
AV*
Securities.
American Business
{
Bid
;. V
Affiliated Fund Inc.
,
Far
Ask
,
Funds—
Mutual
t
Bid
Far
/"'♦May 22,-1947—b0.375
■V• May 29,
t:
0.35%
0.35%
0.35%
0,35 %
1947-————_[,b0.375-
<:
i
;< t
■V'i
Quotations For U. S. Treasury Notos
*
'
figures after decimal point
Maturity—
IMarch 15, 1947
tSapt. 15. 1947
tsepi 15, 19*7
tSept. 15, 1948
Int. Bate
Bid
Ask
IV* %> 100
1%*
100.10
1%%'. 100.6
100.25
one
or
more
100.7
t%8 April 1, 1047
i'*%s June L 1947
100.26
;
100/12
.
SYaS July 1, 1947
v
■:/.
>■
32ds of a point
A Odd
Maturity—
T Dollar Pries 100 Plus
Certificates of Indebtedness—
Bid
,rA*k
100.1
t%S Aug. 1, 1947
! t%S Sept. 1,-1947
r,t%S
t
Oct.
1,
1947
*%S Nov. 1, 1947
V/aS Dec. 1, 1947
t%S Jan. 1, 1948
t%s Feb. 1, 1948
t%s Mar. 1, 1948
>
/
>•
,.,0121
,
.0169
.0131
.0205
.0177 -> ;0244
.0226
.0309
*0255
.0149
i:
,
.0355
.0300
.0281
.0097
.0246
.0113
.0279
.0130
.0313
.0147
.0344
(not
included
In >year's
range).^ b Bid' .yield
;
*
<..0184
lot sale
■
•<:M
price.- d Deferred
delivery,. Sales
(not included in. year's range)/' « Ex-interest/ J Flat
price., k Removed tq Stock: Exchange, >r Cash
Bales (not included ip year's range). t Ex stock dividend.
(Un) Unlisted issue., w d When delivered.'
W1 When issued,
x Ex-dividend,
;< ■> i t.
y Ex-rights.
:/• :
"
4•- - - r: - • 'v-
'
*No par
dividend.
value.-4In default,
tThese bonds
'•
>
are,
.
subject to
all Federal
taxes.'
4Ex-liquidayng
Volume
165 Y Number 4573
THE COMMERCIAL. & FINANCIAL CHRONICLE
:•
Y-Y-. llfcf-JBlifcHtJi
THE COURSE OF BANK CLEARINGS
^
J ;-:•<
Bank
clearings this week will show
Preliminary figures compiled by
cities of the
based
us,
increase
an
compared with
a
year
week
ended
$14,989,406,125'against:$12,557,950,826
'
summary for the week follows:
YYvY''Y: *
f4:
for
the
in
week
same
ended Friday.of .25,9%.
,
1946.
1947
1946
500,465,821
3,185,655
766,000,000
•635,000,000
397,608,195
362,743,518
+
213,923,393
+ 30.5
9.6
287,308,000
198,949,100
184,831,664
YYY ..V Y■'
142,388,725
+ 21.5
$8,073,763,706
2,420,016,732
2,-282,769,705
yy
cities, five days.
.+
.
1,603,379
1,473,190
1,372,011
Y
—.
5,080,238
4,198,900
+ 21.0
3,025,600
3,6b8,700
'
809,499,817
685,838,217
+ 18.0
603,448,577
556,602,391
.
Federal
Reserve
District—Cleveland—
+ 13.5
$14,989,406,125 $12,557,950,826
Saturday and the Saturday figures
20,989,100
able to give final and- complete
For that week there
+ 19.4
much
as
Federal
Reserve
decrease of
week
23.7
3,044,873
2,711,685
214,907,322
+
1.1
232,067,785
228,502,741
657,570,089
,
573,698,364
+
14.6
579,411,428 t:
541,388,363
apolis YReserve District of 11.7%, Lin the Kansas
1,493,658
6,329,000
+34.7
82,658,094
+ 29.1
1,903,222
located and from this it
1.5
143,612,119
49.360,769
+ 27.1
.,38,083,775
30,614,720
343,154,522
305,508,153
+ 12,3
272,323,477
236,973,423
16,434,718
54,203,490
44,413,359
Y37.895.067
161,000,000
148,300,000
--i——J--.-
3,071,736
2d New
York-^:.---^.— 12
3d Philadelphia ;
4th: Cleveland ■
4,681,220
.improvement
809,499,817
"
7
573,698,364
;
17
"
752,451,531
652,700,507
4
"
450,712,108
330,125.032
+
1**
10th; Kahsaf > Citj*-——— < 10 • ■ *'
291,184,373
260,763,964
392,176,877
328,939,349
7th. Chicago
8th St.
9th
——
Louis
Minneapolis
11th Dallas
Sanr
12th
500,899,490.
—v
6
"
10
"
-
-
Francisco
;
J230.445.251
Indiana—Fort
4,413,922
;
v
'
-
j:i!
151,053 Y
198,586
86,976,098
91,233,455
I;
81,536,023
412,269,362
+ 367,059,895
930,824
6,570,930
+ 36.8
;
5,698,417
+15.3
Y
5,766,841
Wayne
3,502,582
+ 64.6
681,593
4,031,101
38,745,000
3,070,368
+ 33.1
2,830,881
+ 37.6
Terre
:*i 10,848,952
46,461,977
YY 3,237,444
Y Y 9,544,482
+ 13.7
20,230,176
u
Haute
Wisconsin—Milwaukee
Iowa—Cedar Rapids
Y Des Moines
lm ■%
Y Sioux City-.
Illinois—Bloomlngton
:o
Chicago
•3,000,632
2,715,203
25,545,000
:
23,658,000 L;
3,551,603 Y-
%
3,507,693
7,386,965! j':
,Y
10,247,897
+18.5
2,277,840
+ 42.1
:'
1,833.660
15,715,876
+ 28.7
■v
12,131,104
13,899,854
9,486,551
+ 31.3
6,560,426
6,827,403
762,401
582,939,946
518,335,015
1,694,436
2,148,829
Peoria
5,132,933
3,252,362 U.
,
39,202,030
'■YY- 759,628
+r
^Decatur
'■J.
v
7,574,491
Y
6,353,323
—
0.4
1,945,080 if1
534,247
+ 12.5
+
504,029
467,113,997
- *■■;
+ 26.8
•
27,097,701
31,490,100
438,692,205
?•' ■V 1,628,990
+19.2
:f
+
1,430,697'
5,964,381
5,370,158 ! ;
1,977,099
1,881,233
'
3,286,274
2,654,408
+ 23.8
2,564,703
1,775,304
+ 44.5
.2,062,042
.752,451,531
652,700,507
+ 15.3
582,777,092
_
!•
665,000
621,717
5,037,655
3,518,452
+ 31.3
29,115,000
3,895,383
12,459,032
South Bend
v
Eighth Federal Reserve District—St. Lcnis—
Lcuis—
Missouri—St.
4,507,727,873
,556,602,391
!
1,655,763'}
f:
545,666,189
579,411,428
V"".'...
104,356,380
Y 7-7,677,173
81,178,331
+ 28.6 Yvi+ -78,446,119
59,846,796
+ 29.8
..,..999,905
+ 37.9
450,712,108
——
188,100,000
1,378,555
.
—.
Tennessee--Memphis
Illinois—Qulncy
"236,973,423*
42.1'
267;300,000
Kentucky—Louisville
541,388,363
272,323,477
Louis.
330,125,032
+ 36.5
+ 31.3
A
3,057,608
+
172,400,000
■-
-
45,680,263
%*
1,000,308
Y
150,700,000
Y
^'60,399,326;;
J" 3|,325,901 If
.
fc'
Y
869,000
"
412,269,362
173,236,380
276,710,092
Ninth
249,294,227
Y 177,287,168
264,301,619
(4 cities)
Federal
—
297,526,690
249,294,227
545,666,189
297,526,690
Total
367,059,895
582,777,092
36.5
+ 11.7
+19.2
Reserve
District—Minneapolis—
Minnesota—Duluth
6,035,719
4,596,210
Minneapolis
199,093,874
192,007,349
3.7
120,705,409
St.
,.67,945,392
50,166,995
+ 35.4
43,489,621
42,299,062,1
3,797,710
1,925,619
+ 50.0
2.970.096
3,384,042 i
5
Paul
154,216,256
122,444,933
North
Dakota—Fargo—
l! 5,696,893
11.8
481,125,605
433,045,481
South
Dakota—Aberdeen
/
+
2,865,043!r
•
-.+ 22.1
534,109,097
•i 4,645,645
435,063,760
Y Indianapolis
+
$
15.1
+
188,717,093
597,387,240
;
,
4-15.3
435,063,760
55,692,060
336,160,417
5,481,482,770
4-12.3
41
,
V
1 603,4481,577
,
+14.6
305,508,153
10*
6th Atlanta
i-
60,545,236
1944
f?*
Y 406,793,413
—12.0
%18.0
-343,154,522
1,533,137
49,409,341 :
96,677,966
-
,Rockford
•4 $
%
685,838,217
1945
>
0.1
+
6,475,930,580
.
;657,570,089 V;
.
6
Dec.
•.
283.018
1,644,717'
500,899,490
Total, (17 cities).
Inc. or
$ >:>$
297,170
v
—
2,086,094
i
2,600,572
+
118,160,201
I
.
2,806,453
+ 45.7
1.329.097
*
1,255,753
,
*
Montana—Billings
1
r.TQUl -i—
111 Cities
41,150,713,527
Outside New York City-—l———
11,197,413,379
5,647,767,517
0.4
—
9,725,3,71;93Q„
2,219,312
3,997,860,643.
1,768,700
+ 25.5
7,386,730
—
vY^elena,^—.
8,333,901,191.
4,412,990,281
'
6,501,381
+ 13.6
1,383,987
:
.
1,140,600
4,131,679,'
4,351,350
.
j'
———___
Y Yv'H '■
We
„
Vm-
add
now
+
4,909,171,633 ..+15;0
,
Total: (.?,Cities)
"Y
Nebraska—Fremont
Ended Feb.
VY
-
■
,
.
,
1946
X947
Y
,
$
*
First Federal Reserve District—Boston—
Portland
^
y
'
1945
Inc. or
$ J'
Dec. %
;.
1944
i
3,286,111
-
-
3,454,298
36.5,178,146
-
Massachusetts—Boston
373,942,044
} * 797,782
827,259
4.9
—
—
2,807,708
3,004,711
2.3
359,333,905
River-
1,545,976
^Lowell
/Hew
294,406,521
+
31.0
Y, 867,138
8pringfield
403,090
9.9
536,454
1,219,581
+ 24.8
1,076,784
St.
.'+ 26.9
3,920,435
3,586,045
21.4
2,618,883
13,071,045
11,207,045
New Haven
I
4,110,305
2,974,889
18,051,874
15,155,899
7,197,031
'6,476,364
+ 11.1
5,718,655
r
18,068,200
14,697,600
+ 22.9
15,509,900
11,855,500
534,724
599,282
,
Island—Providence
—
-
New: Hampshire—Manchester
Joseph
»
Pueblo
—
+
798,535
+
19.0
.
Reserve
227,938
3,589,426
72,304,347;:
3,195,806.;
n.
6,337,006
+ 20.5
6,520,082;.
187,524,102
170,015,697
+ 34.0
>,5.289,892
—14.2
859,872
882.455
7.9
850,585
767,114
328,939,349
+19.2
276,^lO,092
Y" 264,301,619
8,217,226
1,495,151
1,071,361
+
j
6,478,754
f,
426,393,327
.
426,019,260
+
0.1
406,793,413
Galveston
>
+ 22.0
3,578.893
+ 21.7
127,855,000
14,327,695
+ 28.8
12.884.690
4,194,000
2,367,157
■
6,792,965
(6 Cities)
Total
4,045,094
159,224,000
18,448,530
.
-
Y Wichita Falls
336,160,41^
4,934,599
193,708,000
Dallas
230,445,251
3,142,000
+ 22.5
.
-
6,045,876
yY 188,717,096
.
2,009,471
2,685,000
100,979,100
11,200,717
V
2,688,200
1,588,302
:
+ 33.5
Y 1,932,431
Y
.1,384,197;
5,624,371
+ 12.4
+22.1 y
4,183,348
154,216,256
122,444,933
y.v
-
8econd
Hew
i
Federal Reserve
District—New
York—Albany
Bingham ton
:
;
1,380,018
.
/1,449,943
Syracuse
+ 25.6
61,484,993
63,506,497
963,379 ;
+ 39.2
Y
>
Oregon—Portland
Utah—Salt
1,110,386
1,129,262"!
973,701
—12.5
5,312,381,649
,.,4,336,040,548
12,011,369
+ 13.0
11,307,628
10,255,673
Y: 8,071,077
•
+ 35.8
5,306,747
9,532,719
I
Y
New
Jersey
11,363,167
+ 20.0
511,836
-
13,639,230
407,892
+ 25.5
32,274,139
(12 cities)
5,266,958
26,337,184
43,872,118
yVYY
40,695,577
-
+ 22.5
+
::
391,354
25,201,744
23,087,268
38,192,373
7.8
6,475,930,580
—12.0
•
r
■
YO'
•
"
i-'
*
.
3;.'Y-
75,231,129'
.,90,209,639
79.711,744
+
13.2
90.872,694
2,742,974
+
9.0
2,259,367
1,821,003.
—■
88,462,409
64,744,267
+
36.6
65,561,702
70,996,799
City
<27,667,273
32.328,077
+ 16.5
,25,016,463
23,498,351
7,998,873
,6,233.907
5,382,128
Beach
Pasadena
8,116,596
—
10,174,413
1.5
4,751,127
+ 15.8
270,134.000-
11,322,015
343,422,461
Barbara
Stockton
325,880.340
+
54
8,736,504
3,311,957
Francisco
Jose
,
3,383,753
237,875,000
6,500,492
+
34.4
2,489,523
+ 33.0
1,861,746
1,471,607
8,353,590
San
San
v
36,163,736
5,481,482,770
4,507,727,873
Total
6,212,956
+ 34.5
5,055.044
3,501,984.
597,387,240
534,109.097
11,150,713,527
(10 cities)-.
11,197.413,379
5,647,767,517
.4,909,171,633
'
Grand Total (111 cities)
Outside
New
York-.
—
.
"
5,698,838,902 "
r>;
5,439,049
3,943.840.
7,151,356
258,164
Y
Lake
California—Long
-
Santa
5,943,343
Francisco—
2,990,627
:
6,288,241,746
•
District—San
Washington—Seattle
Y 765,247'
+ 10.9
•;; 1,041,747,
'
Jersey—Montclair
Northern
.
Federal Reserve
..1,206,168
>
Newark
| "-Total
YY*
22,5.51,857
.1,400,259
13,567,687
a
Connecticut—Stamford
Hew
YY 53,773,836
14,580,356-
48.6
+
5,502,946,010
j
Y Rochester
r.
67,514,067
1.068,352
:
;
;
York.
—64.8
33,771,322
■I
| Jamestown
I New
Twelfth
11,873,310
| Buffalo
j Rhnira
York-
.....i; 2,051,083
-
.
' [;■'
■•'V'-
District—Dallas—
Texas-+-Au$tln.
Fort worth
.
•-
Federal
Eleventh
r
:
950,580
(12 cities)
+ 39.4
+ 30.6
215,762,870
259,926,887
31,008,872
1,283,300
1,156,370
.^392,176,877
——
Louisiana—Shreveport
Total
4,501,034
6,056,518
V
7,912,174
Total. <10 pities)
6,236,660
,
Yi; .6,275,000
City
;
220,879
319,560
2,263,609
'.+19.1
417*830;
5,214,577
Oonnectlcut-+Hartford,
3,765,643
69,166,312
2,344,312
252,808
963,079
+
Y-Y 3,610,652
!■
+ 17.9
+ 13.7
Wichita
Colorado—Colorado Springs
792,076
552,796
—
..
4,636,448
86,544,239
«
':-Y
0.8
'
1,522,146
—
Bedford—
;. Worcester >
Rhode
1,180,040
+
98,407,000
-
Missouri—Kansas
—
-Fall
Omaha
Kansas—Topeka
—19.3
1,506,615
+ 29.2
377,024
Lincoln i..—.—.
$
$
•
1,215,238
————
_
173,236,380
v:v+''
277,478
380,193
5,468,564
Y
Hastings
—
Maine—Bangor
177,287,168
358,517
22
.
;
+11.7
^Tenth Federal Reserve District—Kansas City—
:
Week
(i;Clearings..at—
260,763,964
;
detailed statement showing the figures for each pity for the
week ended Feb. 22 for four years:
■
291,184,373
Y-" ^Y-Y :YvYYYYY>YY;YY-
our
V
..
Ibj..
' !: Y
51,371,314
-
City^Reserve District the increase
426.019,260
1,818,358
61,442,563
59,624,652
4,053,183
75,315,834
66,473,786
127,300,000
Reserve, District—Chicago-
-
CLEARINGS
V;
--
5,698,838,902
-
—.10
f>th. Richmond -.
$
-
426,393,327
2,749,922
2,643,570
—
?-j::
/)■•«■;
9,810,147' i':'
35,128,118. Y
13,834,768
Springfield
■
,
12,702,607
'
%
..
3.2
181,100,000
—
Seventh Federal
'"v
'
•
;y
Total (10 cities)————
„
11.8%.
.12 Cities
+
—
Reserve District—Atlanta—
Michigan—Ann Arbor
Grand
Rapids
Lansing
a? falling
In the following we furnish a summary by Federal Reserve Districts:
Districts
2,307,829
2,425,424
163,241,208
Louisiana—New Orleans
19.2%; in the Dallas- Reserve District 22.1 %, and; in the San >Fyancisco Reserve
Federal Reserve
4,554,000
69,559,639
1,914,026
129,341,802
2,502,857
Mississippi—Vicksburg
District of 36.5%, and the Minne¬
1946
6,523,000
..80,436,143
62,745,164
Mobile
-
J.
160.728,780
-
(6 cities)—
Federal
,
989,236
1,360,611
+ 27.4
8,527,000
Columbia—Washington-
Macon.
hap
gairi 0^15.5% ^^ Sh Louis Reserve
of
Augusta
Philadelphia Reserve District of 18.0%. .In the Cleveland Reserve
1st .Boston
'
District—Richmond—
Florida—Jacksonville
Alabama—Birmingham
District the totals are larger by 14.6% in the Richmond Reserve; District by 12.3 %
and in the Atlanta Reserve District by 15.1%. The Chicago- Reserve TDistrict
1947
1,913,075
2,748,379
+ 54.5
+
We group the cities accord¬
are
,
;
13,897,400
+ 26.8
-
16,338,600
5,334,291
Nashville
15.0%, the bank
©ff of 12.0% j but in the Boston Reserve District the totals register an
SUMMARY OF BANK
99,840,535
168,868,078, !<
217,253,966
Georgia—Atlanta
preyious-ythe week
jappearsjthat. in the JNew York District ^including this city) the • totals record
.'IX
Week Ended Feb. 22
195,583,474
3,202,364
Tennessee+rKnoxvllle
0.4%, the aggregate of clear¬
loss of 12.5%.
ing to the; Federal Reserve Districts in which they
•
3,213,649
3,714,076
128,355,441
19.6
+
106,747,499
Sixth
apear
the week
.as
present further below,
Outside of this city there was a gain of
a
33.0
+
16,558,400
-
Total
has to be estimated^
cases
we
results' of the
was a
clearings at this center having recorded
Is
.
4,947,376
Virginia—Huntington
District
ings, for the whole country haying amounted to $11,150,713,527 against $11,197,413,379
a
M
6,599,393
Maryland—Baltimore
not available at time of going to press.
are
In. the elaborate detailed statement, however, which
to its credit
«*• M.
+ 26.0
4,131,274
127,188,657
202,376,056
Virginia—Norfolk
+ 20.6
2,201,417,415
is^ue of next week. We cannot furnish them today, in
©f 0.1% and in the
—
.
5,494,655
.a
South Carolina—Charleston
$10,356,533,411
Accordingly,.in.the above the last day of the week in all
.
1,193,682
5.7
+ 60.1
+ 47.7
1,773,095
160,285,000
West
$.0
2,498,234,354
week in 1946.
2,178,124
1,626,140
242,000,599
Fifth
+.24.7
Complete, and .exact details for the week covered by the foregoing will
same
!
1,182,782'-
—,
,
:Total (7 cities)Y
$12,491,171,771
Total all cities for week.
in the
:
543,000,000
+ 37.5
173,038,335
cities, one day
ended Feb. 22.
2,554,616
1,448,148
.
t4,873,915
Richmond
are
+ 18.0
1,672,393
Youngstown
Pennsylvania—Pittsburgh
+ 30.9
260,393,380
$10,071,155,039
we
1,597,461
3,003,073
;
922,790
'1,607,650
+
t7,199,365
'.Mansfield
+ 18.4
254,070,570
Baltimore
|
589.000,000
1,992,553
Columbus
.
340,186,000
Pittsburgh
chds
+ 17.8
+ 24.7
Cleveland
,
+ 19.9
179,000,000
.,
-
Cleveland
;our
1,712,496
670,000,000
/
779,000
77.0
Cincinnati
+ 20.6
233,600,000
'.f San Francisco
v
+ 32.4
3,544,442
J
Ohio—Canton
256,518,955
.
j * St. Louis
iri
1,799,675
420,294
1,215,860
1,219,063
-2,603,787
Fourth
+ 25.6
.
Total all
564,699
York
+ 25.9
Philadelphia
All
,747,553
-
%
$5,369,153,485
628,671,032
' :
*
473,583
•
+ 19.6
789,000,000
;,Total (lQ cities)
$6,761,063,572
Other cities, five days
1944
:
$
+ 43.4
651,335
r,-
Delaware—Wilmington
New Jersey—rTrenton
I
.
1945
>
;
894.434
623,839
Wilkes-Barre
<
.
Dec. %
778,762
-
Scranton
ji
YY
22
or
-
Philadelphia
Reading
*
Week Ended March 1—
Kansas City
Y $
Inc.
fi-5:. " Y'- Y} ^'YY A YY-" YYYY-Y'
Clearings—Returns by Telegraph
fY New York
.
Y
.
Chester
Our comparative
'
?
1946
: y v- ■;.. 1947
,
Lancaster
'
gain for the week
a
Week ,Ended Feb.
.
-
-41
Bethlehem
preliminary
Atthis center-there is
u»
■' -■ v ■'
Pennsylvania—Altoona
for all cities of the United States from which it is
possible to obtain weekly clearings
be 19.4% above those for the
corresponding week last year. Our
total stands at
■
Third Federal Reserve District—-Philadelphia—
ago.
Saturday, Mar. 1, clearings
will
;
$
"
telegraphic advices from the chief
upon,
country, indicate that for the
Y
1227
•Estimated.
tNot included
in totals,
481,125,605
+11.8
—
0.4
+ 15.0
,
433,045,481:
9.725.371.930
8.333.90U91V;
4,412,990.281
3,997.860,643
#\
Monday, March 3, 1947;
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1228
PARTIAL REDEMPTION
and Issue—
V
Company
Foreign Exchange Rates
the Federal Reserve Bank is now cer¬
rate for cable transfers in the differentu.cp^toe^,of.,^
of the Tariff Act of 1930,
requirements of Section 522
Pursuant to the
Secretary of the Treasury the buying
give below a record for the week just passed:
tifying daily to the
We
world.
FEB.
<
Argentina, peso—
'
'
.
•
Australia, pound
'
■
••.'
:
•-
;>"
'
,
.251247°
;
.022805
.022809
.022804
,054404
.054404
1
683.
7
1072
940
1.000000
1.000000
1.000000
.951250
.949687
.569800°
.569800°
.569800*
.0200GQ
.020062
.020060
Abitibi Power
.020060
Aluminum
.208658
.208658
.208658
4.027421
Holiday
England, pound sterling
France (Metropolitan) franc—
India (British), rupee
4.027421
4.027343
4.027421
.008408
.008408
.301504
.301504
.301554
.205735
.205735
.377893
.377893
.377893
.377893
1.000000
1.000000
1.000000
1.000000
.948750
.948958
.947291
.947500
.205726
Mexico, peso
.377893
Netherlands, guilder
:
•
•.
t
.
Newfoundland, dollar—
1.000000
Official
.948358
Free
3.222000
3.222000
3.222000
.201612
.201612
.201612
.040501
Feb,
.201612
3.222000
.201612
Holiday
3.222000
pound
Norway, krone
.040501
.040501
.040501
.091324
.091324
.091324
.278221
.278221
1
22,
.040501
Portugal, escudo
.233629
.233629
4.007500
■
•
4.007500
V
.650300°
.562620°
Noncontrolled
.658300°
.562620°
.562620°
,
.659300°
.658300°
.562620°
V;
Holdings
1947
fund
Redemption
F.
for
794.877
Total
19.085,057
reserves
337.710
cash
+
488,561
+
49,464
+
1,036,125
—i"
26
994
355
loans
Industrial
+
—
12,510
15.805
12,174
+
^
15.675,115
+
53,895
7,185,784
+
34.000
Notes
429,300
+
38.000
Bonds
753.390
Certificates
+
2,568.883
360,427
943,400
—
credited to domestic banks increased
125.895/'
24,043,589
+
securities
24.436.832
:1
+
.Due
F.
from
R.
foreign
121.248
banks—
other
of
notes
Uncollected
102
banks
2,500.674
Items
Bank
premises
32,269
'Other
assets
49.010
J,
2,547
—
'-i
—200,460
47
—
+
member banks follows:
DIVIDENDS
Dividends
paid. Further details and rec¬
ord of past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
declared.
The dividends announced this week are:
Increase (+) or
Feb. 19,
Assets—
Since
Name of Company
1946
1947
16,793
184
—
—
31
:;■; +
13,066
1,612
+
-
Total
+ 463,240
assets
+2,467,457
10,648
■++■•
Liabilities—
Federal Reserve
notes
,24,$10.008
22,009
+; .185.704
bank—reserve
acct.
15,781,157
+
11,501
+ v 225,696
Treasurer—gen.
acct,
2,371.785
485,257
+
13,424
+
71,021
732,983
+
498,079
brokers and
chasing or carrying:
Loans
-
U.
-Member
S.
..Foreign
Other
%
Total
deposits
—
availability items
liabs., incl. accrued divs.
Total
+ 594,025
"»
liabilities
+ 1,786,856
—111.667
+
405,892
1,262
+
1,683
12.382
+
45,809.813
+ 461,611
,190.708
180
+2,380,140
(Surplus
Surplus
(Section
•Other
capital
•'f.
+
439,823
13b)
+
27,455
accounts
+
35.103
1,449
+
—
10,260
81,468
27
684
+
+
874
11
415
obligations..
Government
S.
53
.
Other
286
—
33
+
+
7
+
496
+
15
+
32
398
4.527
1,116
—
8.367
1—
42
4,849
305
19
_
14
9,924
168
41
—
80
.—
610
banks
37
+
53
+
2,087
188
—
Total liabilities & cap. accts.
of
46,562,902
.
+
463,240
+2,467,457
gold certificate re¬
deposit and F. R.
note liabilities
•Contingent
adjusted
38,758
purchased
Interbank
for
43.7Tt
0.6%
+
0.4%
bills
on
foreign
Domestic
cor¬
make
Indus-
to
'294
+
8.841
Interbank
8.189
loans
1,071
+
34°
+
21°
8,922
+
910
+
'—
14,441
61
1,315
+
27°
214
demand
8,841
122
+
6,542
during
and
1,172
+
93
,
49
—
83
7%
&
Allied
Laboratories
U.
S.
Gov't
accounts,
week
18,996
(Revised figures pre-
V
vious
week
12,855)
Condition Statement of Member Banks
figures revised
weekly reporting member
banks of the Federal Reserve
System in 101 leading
cities shows the following
principal changes for the week
ended Feb.
United
J9:
States
with
$357,000,000
Federal
Reserve
Banks,
Felt
American
Co.,
preferred
6%
7%
preferred
in
declined
New York City and increased $12,000,000
the Chicago
District; the net decrease at all reporting
member
in
banks
dealers for
was
$25,000,000.
purchasing
United States
or
Loans
to
brokers
and
carrying securities other than
Government securities increased
$21,000,-
000 in New York
City and $53,000,000 at all reporting
member banks,
JfHoldings of Treasury bills
Mew York
"
increased $139,000,000 in
City, and $93,000,000 at all
reporting member
including
those
stocks
called
for
American
Optical
American
Power &
$6
preferred
under
sinking
fund
5%
provisions.
The date indicates the redemption or last date for mak¬
ing tenders, and the page number gives the location in
which the details
were
given in the "Chronicle."
NOTICES
OF
Company and Issue—
Aroostook Valley RR.,
Date
Page
'
II
934
1st mortgage 5s (now 6s) due
Heller (Walter E.) & Co.. 5V2%
Safety
Snuff
6%
1947,
as
extended
__Mar
3
,
806
685
939
943
4- 1
4- 1
3-14
3-13
3-l~
r
10c
35c
.
iqqar.)_____„
$5 pfd.
Light,
+
-■
(accum.).
Razor
(quar.)..
'
^
Mills, 7%
(quar.)
preferred (quar.)
Copper Mining
Co.,
Oil,
Gas
(quar.)
Corp.—
(quar.)..
—
—
H.)
(J.
Hardware
A
&
Charlotte
Atlas Imperial
Series
Autocar
A
Aiv
(s-a)
Allied
Co.
(Joseph)
(Del.)
4%
(irreg.)
&
U0c
3-31
Co.
common
Inc..
quar
Manufacturing Co., com.
preferred (quar.)..
RR.
3-6
3V 6
■
4- 1|
3- 1
115c
$4.50
.
50c
30c
50c
15C
_
3-10
2-20
■
3-31
3-25
3-15
4- 1
3-31
3-17
3-10
3-1
3-14
: 3-15
(quar.)._.
(quar.)
25c
6-11
6-2
25c
Sons,
Industries,
4 Vi %
Creek
„——.
(quar.)—..
pfd.
;
Furniture
Bastian-Blessing
Beech
3-31
56V4C
i.__
(quar.)
Common
3-10
3-10
3-17
3-17
„
(quar.)
Products,
Mfg.
,
3-14
3-12
3-31
3-26
Diesel Engine—
preferred
Company
Bancroft
Bates
Line Ry
3- 2-21
.-.X.
15c
12V2C..
Ltd.—
Co.,
(quar.)
Atlanta
ie
3-15
t20c
>
Extra
Ashdown
"
■
...1
Corp
Ltd.
Corp.,
pfd.
common—...
(quar.)
Constable
Asbestos
6r/c
(quar.)
Natural
3-10
4- 1
3-13
3- 1
4- 1 <
3-28
3-31
3-31
+
....
Tobacco
Tobacco
preferred
3-15
3-10
30c
$1
$1.75
$1.50
50c
25c
53c
—.
;
(quar.)
preferred
f
25c
50c
$1.50
$1.12Vi
,
(quar.)...^
common.—,.
Insurance—
Sumatra
Tissue
1
1
1
1
3-20 v ' 3-10;.
4-15
3-14
4-15 , 3-21
4-1
3-6
4- 1
3-6
''X. $1.25
(quar.)
American States
.
4444-
$1.75
40c
$1.25
$1.50
Lines—
Co.,
preferred
Bassett
preferred stock
Mar 24
Corp., 5% debentures, due 1962
...Mar
5
Peoples Brewing Co. of Trenton, 1st mtge. 4s, due 1953_Mar 3
LaSalle-Wacker
2-25
3- 5
3-21
_
:
Co.
President
American
Axelson
1st and ref. mtge. 4lis, due 1961_Apr
3-1
2-28
-3-15
4- 1
common—
preferred (quar.)
American Rolling Mill, 4V2%
pfd.
Avon
Berkshire Street Ry.—
3-15
v;
(monthly)
Co.,
Automatic Fire Alarm
<
TENDER
J.
3-28
3-14
4- 1
3-11
4- 1 V 3-11
4- 1 ;• 3-20
$1.25
—
non-cum.
4 V* %
redemption,
40c
(accum.)
Class
called
50c
—10c
~
75c
$1.50
—
(accum.)
(quar.)
(quar.)
Anderson-Pritchaid
list of corporate bonds, notes,
a
common
3-20
(Del.)—». v
(quar.)
Products
Locomotive
Arnold
and
4- 1
3-20
Corp.—
common
Home
6%
Below will be found
3-11
3- 7
.3-14
-■
preferred
American
Arkansas
preferred
|al, industrial, and agricultural loans
$32,000,000
and
demand deposits adjusted.
in
4- 1
common.,.....--
Securities
Electric
participating
American
Redemption Galls and Sinking Fond
>
:
pfd. (quar.)75c
conv.
(quar.).
J.)
2-28
3-31
preferred (quar.)_
—75c
Casualty Co.; (quar.)'
—
15c
American District Telegraph Co.—
30c
•
3-15 ■
3-4
3-15 ;
3-4
3-20 X 3- 9
25c
.
6%
American
3-15
'.>3-19
•
40c
$1.50
—
Anaconda
Decreases of $201,000,000 in holdings of
Government obligations,-$168,000,000 in
20c
25c
$1.25
American
American
The condition statement of
■
V
Co.,
4-10
>3-10
*
—_ —
——
Note
3-31
4- 1
—
(accum.)
_
Bank
5
—
(quar.)_
Quarterly
American
York District).
(New
(quar.)
American Agricultural Chemical Co.
American
-
(quar.)„_
Dye
Amalgamated Leather, 6%
(Indianapolis)
12
-•
——
preferred
Allegheny Ludlum Steel
Chemical
Co.—
quar.)
preferred
Steel,
Alan Wood
American
deposit accounts except
'
"Feb.
Bearing
(increased
5% ' convertible
American
banks
Borrowings
Debits
lo
+
•:■
deposits:
Foreign banks
respondents-
357°
_
10.526
1,992
combined—
liability
•Commitments
trial
Demand deposits
Time deposits
to
serves
Roller
&
American
4,438
Liabilities-
(Ratio
Ball
Aetna
(N.
26,928
Banks
vault
Balances with domestic
590
+
93
233
—;
3,374
Federal Reserve
—
29
+
>
3,096
securities
in
3
2,328
certificates of indebtedness
Treasury notes
U. 6. bonds (Including guaranteed
obligations)
Cash
1,575
_
112
bills
with
4
1,621
Treasury
Reserve
••
432
loans
Treasury
(initial) > '
Addressograph-Multigraph Corp. (increased)
+
Aerial Products, Inc. (resumedi—
—
Ltd., new com.
+ 3-* 1
3- 7
3-31
50c
30c
t25c
50c
10c
.i— '
—
Works,
Allied
:
553
obligations
securities
Real estate loans
Other
paid in
(Section 7)>
3,262
+
•
-
——
Glove
Common
i
Loans to banks
19,371.182
2,176.241
25
—
pur¬
securities
Other
310,925
Capital Accounts—
•Capital
U.
295,393
—
Deferred
•Other
+
for
Other loans for purchasing or carrying:
+ 1,545,628
—
"dealers
Government
8.
Other
Deposits:
U.
to
Extra
Acme
Payable of Rec.
Share
(quar.).————i
Laboratories
Abbott
-
-
55,116
Holier*
Whan
Per
'
■■
Feb. 20,
Feb. 12,
1947
'
and investments—total
( Loans—total
Commercial, industrial, and agricultural
■t Loans
announced, but
show the dividends previously
we
which have not yet been
.
Decrease (—)
988
16,685
v
we
which
of dollars)
25,781
—
In the
grouped in two separate tables.
are
bring together all the dividends announced the
current weeK. Then we follow with a second table in
first
and in¬
-—
*
<
(In millions
407.436
—
2,045
+
V •'
gold debenture bonds, series A. due 2022
July 1
Public Service Co., 1st mortgage 5s, due 1961
Mar 15
Wisconsin Hydro Electric Co., 1st mtge. 5s, due 1947—Apr
1
of the assets and liabilities of reporting
summary
8
—
^
Light Co.—
815
815
6%
in the Chicago District.
creased $46,000,000
1.083,133
—-
•'
NT -f
1,071.554
+
+ 175,714
and
loans
Total
&
1072
Mar 15
Apr
I
Apr
1
Dairies, Ltd., 40-cent preference stock
Ice Co., 1st mtge. 4s, dated 1935
Power
Texas
1072
__Mar 20
Mar 20
Apr
1
Mar 8
__Mar 12
Texas
City
New York
$49,000,000 at all reporting member banks,
and
A
Total U. S. Govt, securities—
—
Southern United
$61,000,000.
$87,000,000 in
declined
193,502
—
——
Silverwocd
York
District. Time de¬
posits increased $15,000,000 in the Philadelphia District
and $34,000,000 at all reporting member banks. Deposits
595
—
94S
52822
>
preferred stock—
———
preferred stock—
_—
North La Salle Corp., 1st mtge. 5s, due 1962
City and $107,000,000 in the Chicago
Borrowings
Bills
Public
cumulative
principal decreases being $120,000,000 in New
the
securities:
Govt,
72960
districts,
deposits adjusted declined in most
Demand
1,023,615
+
1,561 >
+
392,249
advances
and
Discounts
XL 8.
ctf.
gold
+
R.
notes
Other
+ 487,000
210
72287
000,000 and $19,000,000, respectively.
1946
,••••'.
18,290,180
certificates
Gold
Feb. 27,
1947
'
Assets—
Since
Deer.
or
Feb. 19,
72548
Mar 13
Segal Lock & Hardware Co.—
$2.50 and 7%
preferred stocks—.
and $233,000,000
at all reporting member banks.
Holdings of Treasury
notes and United States Government bonds declined $42,-
L-*-
—Incr.
Feb. 26.
in the Chicago District.
certificates of indebtedness de¬
Treasury
93j
1063
Anytime
1947
due
bonds, series B,
Service Co.— .■
Philadelphia & Western Ry., 1st mortgage 5s
Schulco Co., Inc., guaranteed 6%
bonds, issue A_:
$168,000,000 in New York City
clined
Reserve Banks Combined
thousands of dollars)
of
525
935
72142
r
———,
cumulative
1140
"Nominal rate.
Gas Corp.—
stock
Utilities, Inc.—
6%
ref.
&
Northwestern
.562620°
7%
banks, and declined $40,000,000
1061
6%
preferred
lien
1st
6%
Statement of Condition of the 12 Federal
Page
1st mtge. 5s, due 1965_Apr
1
preferred stock
Mar 24
6%
New York State Electric &
5.10%
.658300°
Date
of America,
Northern New York
Uruguay, peso—
Controlled
725
.
.233629
4.007500
.233629
4.007500
.233629
4.007500
pound-
.278221
.278221
.278221
Switzerland, franc
•
.091324
.091324
Spain, peseta
Sweden, krona
8
I
Apr
1
Butte
Anytime
Canadian Breweries, Ltd., serial debs., due 1947-1962__Mar 15
Colonial Ice Co., $7 preferred stock
-,__Apr
1
Cornell Wood Products Co., 6% preferred stock
—Mar 31
Great Northern Ry.—
4V2% gen. mtge. gold bonds, series E, due 1977
July 1
Harborside Warehouse Co., Inc., income bonds due 1973_Mar 12
International Telephone & Telegraph Corp.—
4 Vi %
debenture bends, due 1952
July
1
Nebraska Rower Co.—
6% debenture bonds, series A, due 2022
Sep
1
New York Edison Co., Inc.—
'
1st lien & ref. mtge. 3V4% bonds, series D, due 1965_Apr
1
1st lien & ref. mtge. 3V4% bonds, series E, due 1966_Apr
1
,301523
.205726
.008408
1
22,
724
preferred stock
Electric & Power Co., 1st mtge. 5s, due 1951
.008408
*
•:
.301504
1072
& Paper Co., Ltd.,
Co.
Bush Terminal Co.,
.205726
Feb.
.008408
942
1
CALLED
ISSUE
ENTIRE
Company and Issue—
.208658
.208658
4.027421
1
.950000
.569800°
.020060
Chechoslovakia, koruna
.054404
1.000000
-
■
.569800°
Denmark, krone
,.022801
,.
.951250
.
.951481
Colombia, peso
3.209120
3.209120
1
22,
.251247°
.251247°
3.209120
1.000000
(In
-Apr
25
1st
Oregon-Washington RR. & Navigation Co.—
—Apr
Refunding mortgage 3s, series A, due 1960
Royal Crown Bottling Co., of Louisville, Ky., pfd. stock -Apr
St. Joseph Light & Power Co., 1st mtge. 2%s, due 1976 .Apr
Toronto Housing Co., Ltd.—
Apr
1st mortgage 5s, series A, due 1953
...
...
United Gas Corp., 1st mtge. & collat. trust 3s, due 1962 Apr
"■
,
r
.297733°
.054404
Feb.
022791
.054404
Official
$
.297733*
.251247°
/,
ft
-Mar
stock, series A
Oklahoma Natural Gas Co., 1st mtge. 27/es, due 1961_.._Apr
Feb. 27
Feb. 26
3.209120
7o
.1070)
preferred stock——-—;-May
convertible
Co.,
Mengel
.297733°
.297733°
,
•
Holiday
—
Union of South Africa,
Hygrade Food Products Corp.—
1st & ref. mtge. conv. 6s, ser. A and B, due 1949.—
Feb.25
70
■
1
,
j
$
251247°'
New Zealand,
■
,
70
>
Co., gen. & ref. mtge. 7s
-Mar 15
Firestone Tire 8: Rubber Co., 4 Vi %
preferred stock—_Mar 17
Goldblatt Bros., Inc., $2.50 convertible preferred stock-Apr
l
$
3.209120
Free
>
Feb. 24
Feb. 22
297733°
Official—
Canada, dollar—
'
{
Duquesne Natural Gas
,
;
H3137
1
1
..-Apr
—....
Monsanto Chemical Co., preference
Feb. 21
.Belgian, franc
Brazil, cruzeiro
, .
4Vis, series C
1st mortgage
New York
Buying Rate for Cable Transfers In
Value in United States Money
Unit
Paga
—I.Apr
mortgage 5s, series B__,
1st
UNDER TARIFF ACT OF X930
21,
Noon
Country and Monetary
L
,
FEDERAL RESERVE BANK TO TREASURY
1947 TO FEB; 27, 1947, INCLUSIVE
RATES CERTIFIED BY
EXCHANGE
FOREIGN
Date
Terminals, Ltd.— 1 ' .
5% 1st mortgage debenture stock & bonds, due 1959_Mar 15
Cleveland Union Terminals Co.—
= ;■ 'v-'-jt'
1st mortgage 5Vis, series A__.
,
+*
..Apr
1
Algoma Central
6- ,1
6"
25c
40c
50c
3- 1
4- 1
3-28
4- 1
2-24
3-14
3- 7j
4-1
3-7
$1.12Vi
^
..I
50c
«»
3- '
Volume-165
Nilmber 4573
•
THE COMMERCIAL & FINANCIAL CHRONICLE
When
Per
■*$'" NameaJH&mpany*
'A,
Belgium GloVe. & .Hosiery Co.
Share
•
of- Canada,
V1
Ltd.,icnbw>xan>
57ov' preferred';
'
'
i
Holders
Electric
•
4-
1
*25C
4-
1
3-14
25C
3-
1
2-13
*$2
4-15
3-15
10c
3-15
2-28
*15ft
T
,
$rMfgt_-------_________
Bell Telephone; Co. of Canada: (quar.)
Benton Harbor. Malleable.lnduatries—„_„_w
Black Si Decker, Mfg..,.Co.. (quar.)
Black Sivalls ABryson, 4%% pfd. (quar.)_
common (quar.)
_-A
-ui«jjjl.;.
Botany tWorsted -Mills,«class A~
—_
$1.25.preferred (quar.)—
__
Brager-Eisenberg.A inc. vc!j(quar.)
—
Brand & Millen, class A (initial quar.)
Brazilian Traction Light.& Power Co., Ltd.—
6% -preferred ,;(quar,
Bridgeport Brass Co., common (increased) __
[ : 5 % % convertible preferred (quar.) _______
Belknap Hardware
3-14
'
'
6%
$6 preferred
3-
20c
4-15
3-31
25c
3-31
3-21
Common
4-
1
3-21
3-10
3-3
3-1
31%c
a;.',
50c
:
3c
i$i.5o;
4-
1
3-14
$1.37% 1
3-31
3-14
3-15
3-1
30 c
'
*25c
-
shares; held) /'
I iByers
1
3-10
3-1
2-28
2-26
12 %C
3-12
2-28
$1
3-10
3-
1
4-15
4-
1
3-10*"
V;
■Irregular,_-J--;-.-----T--———/—;—..—"
[ -Campbell < Wyant &; Cannon Foundry Co.—_
| Canadian/Car
Foundry Co., Ltd.— ,AY",;
3-15
3-
25c
3-15
3-
ioc;
3-20
3-
3-21
3-10
6
—
5-22
A 4-29
*50c
t$ 1.75
4-
,
(3-26
-
'
4-15
2-25
3-15
2-25
*20c
Cos.^Ltd., Common (quar.)___
3-15
7;:-
t$2
*$1.25
A5%. preferred A(quar <) A;__AJ jAa:_A1A/AAA::. '
Capital City
Capital CityProductsj-y__-A____________25c
I Capwell SuIliVan & Purth Oak, com. (iriitfal)
t'S 10c
<' .Preferred V E(qiiar.')/f
^5—_
37 %c
[■
4-
•:
4-1
3-4
3-15
3-
3-
2-26
1
1
"
1
5-15
1
8-15
12-1
11-15
25c
.3-27
/ 25c
$1.18%
3-31
.
.
,
4-
1
3-12
-
4-
$ 1.75
*
3-7
17
3-12
-:
35c
(quar.)
3-21
15o
| Central/Investment.Corp, (quar.) __________
3-12
:
3-14
?
3-
3-
I Chicago Dock & Canal
«
1
2-20
3-
i
2-25
A 3-15
35c
Street Railway (quar.)__
—i :"
50c
City Ice & Fuel (qua r.)
^
'
25c
"Clayton & Lambert *Mfg,_^_—___u__^—
Cleveland -Graphite Bronze,* com. (increased) 7! V 75c
5 % \ ''preferred (quar.) ___:
$1.25
—
Clorox r Chemical Co. * (quar.)
35c
50c
Cluett Peabody & ,Co.;. common (interim)
i 7% preferred/(quar.) j__'________-/-__--$1.75
_ _ _ _
Plow
Fuel
3-13
;
(stOCl? dividend) _1_ 7
Commercial Alcohols,; Ltd.,- conimon -(quar.) >•>
2
.5-
3
1
11-
I
3-31
4-15
50c
3-31
90c
3-31
-
■$3
Co.
u»evoo :aj
4-
5- 1
1;
4-1
3-
5
4-
3-
5
3-
5
$1.18%
25c
Coal
1
class
.
6
3-25
3-
lA
Hercules
Powder
Hinde &
3-14
4-1
$i
3-25
'
Hoskins
Hotels
'A3- 5-;,
v
15c
4-1
3-14
3-1
2-20
4-1
3-20
A
>
''
3-31
3-
30c
4-1
4-
1
3-17
3-
1
2-25
3-28
3-14
5-1
5-
1
* 25c
4-
4'•
3-
1
1
$1.75
4-
1
'
:
y
3-31
4-
8-7
1
3-14
25c
3-31
3-
a-10
:
3-28
;
A
3-31
4-
2
3-10
4-2
3-10
4- 2 A
'
3-
1
3-29
4-..1
.
4-
1
'■
-3-15
3-15;
3-26
3-
I
3-15
3-
A
1
4-
3-
8
1
4-1
3-8
3-31
3-17
350
3-25
3-10,
50c
,
3-31
3-3
*25c
25C
4- 1
2-28
3-19
3-10
(increased)
—r-
4%
'
3
,
Fuel Associates—
4
/2
5°
to
Eastern
Edison
v
prior
Class
Malleable
Electric
_—_____—
-
Iron,
(Thomas A.),
_i.—
Inc.,
class
A
-
-
______
B
® Paso
Electric
El Paso
(quar. )
(accum.)
(Texas),
$4.50 pfd.
Natural Gas, 4.10^ pfd,
Auto-Lite
(quar.)
$1.12%
$1
4-1
3-14
4-1
3-14
50c
3-10
2-28
20c
3-15
3-
7
20cv
preferred
preferred
3U15
3-
7
$1. 12%;
.K1
3-14
7
Ltd.—
3-
*6C
3-31
50C
3-20
,
5-1
25C
3-10
3-
3n-1
2-18
(qua^!lj';$l. 02%; A
Co.
—
75c
,
.4-
1
Electric Bond;&
Share, $6*pfd. stamped-^ $70.40%,... 3- 6
$3
preferred, i stamped_-._Jx._7iLj.7-.JiLA.J] - A' $70.3* ' / 3- 6
3J
7
/
40C
1
Investment
Co,
3-20
v
3-10
3-1
A
Investors ' Selective
3-15
3-
4,
4t15
.4-
3-13
A
3-
1
$1
4-1
7%
3-
$1.25 A
25o;
4-1
x
3-12
4-
3-12
350
1
3-
3-12
3-
1
1
4-'
2-21
"3-17
4-
3-17
75C ;
3-1
2-21
50c
4-
3-14
3-1*
; ;
15c
1
4-
4-15
.
,
5t
7%C '•
3-31.
2%C
3-31
3-21
4^15
4-, 4
$1.75
3-1
2-23
*12%C
4-1
3-18
250
3-20
3-10"
50c
4-15
3-25>
4-
3- 7
,
3-2X
.
1,
.
3-15
A 4-15
4-1
,
A 3-1*
4-1
3-1*
3-25
3-1*
4-
3-2J '
1
3-16
30c
3-28
$1.18%
4-2
3-17
25c
3-20
3-18
50C
4-
3-20
1
37%C
750
4-15
3-31
3-28
3-15 •'
25c
—
3-27
3-17 •'
4-1
(quar.)
(increased)—
3-11
3-
50C
—
2-15
1
4-15
3-
7
1
,
7
1
4-
—
3-
4-
..
3-
7
(quar.)————
2-2*
3-22
3-
3-31
3-25
Accident
&
Tenn.)
Securities
Insurance
Research
&
Co.—
':
'3-15
series
8*
2-28^,
3-15
2-28
4-
1
4-
1
3-1T,
3-18.
4-
Industrial fetosck ceries_~
—J
National Sugar Refining—
National Supply,
$2 preferred (accum.)-—
4%%
preferred <^uar.) j
••—
National Tea Co., 4%% preferred (quar.)—
Newark Telephone Co.
(Ohio) (quar.)__—
Newport Industrie^, Inc., com. (increased) _
4%%
preferred (quar.)
Nerw Method Laundry, 6% % pfd. (accum.) _
New York City Omnibus Corp.——
Nineteen Hundred Corp., class B—
North Star Oil, Ltd.,- 7% pfd.
(accum.) —
Texas
A'
Corp.—>
1
3-18
-5-5'
5-15
3-10
2-28
3-25
"'
3-1*
4-
3-20
I,
3-20
,
A
.
2-21
3-28
;
.'A®
3-1*
"
'
3-10
3^ 5
4-
1
3-
4-
CO
1
3-17
;
;.
(
8
J£",'
5pC
3-15
3- 5.
75c
(quar.)——.
—
& Guaranty Co.—
Reduced
quarterly
J—
Ohio Edison Co., common—;
j.—;
4.40%
preferred (quar.) J—Ohio Seamless Tube Co., common (irreg.) —
$1.75 prior preference (quar.) __jj__—
Title
3-20
$1.81%
—-J-.-J-f-'.
2-25
2-20*
A
■
Insurance
6-30
,
9-30
9-20
$1.25
12-30
12-20
3-
37 %C
60c
-
1
2-20
3-15
3-31
3-31
3-20
35c
4-1
4-15
A 3-17
*37 %c
3-31
3-7
*$1.25
3-31
3-"7
3-25
3-10
3-15
Pacific
1
40C
American
Paramount
Paraffine
(quar.) _J
;
„—.
7c
15c
3-12
Perfex
3-15
Perron
2-28
Pioneer
3-10
Pittsburgh'Bessemer &
4-
1
Corporation
—
Gold Mines, Ltd. (quar.)_—
Suspender Co. (quar.)
Lake Erie RR.
1;
4-
4-
3-8
1
3-1
3-13
3-
3-21
3-
'
3
5c
5.
3-
20c
4
50c
4-
5
2-22
1
: 3-15
1
3-15
*35C
4-1
3-15
3-17
3-31
3-11
75c
3-27
3-8
$1
4-15
4-1
30c
3-28
3-18
50C
4-
1
3-15
35c
4- I
3-14
1
3-14
4-1
3-10
'
A
4-
$1.25
30c
20C
20ca
*2c
3-10
3-15
.
$1.50
2-23
1
,.,2-28
,4-
$1.12%
A'
*3
.
3-15
V4" 1
3-10
.
.
12-28,
3.^7.
;3 ?:*■
3-31
30C,
(s-a)-*
V
3-1
3-12
50c
!
7'" '.
3-15
3-20
-
Inc., common—j._i———
I
7
3-15
1
50c
3-20
4-
1
7
3-20 4''.
4-
15C
—
4-1
3-
„
3-15
4-15
:
32c
3-
3-29
25c
(quar.).—
2-28.
*$1
$1.25
quar.) —
3-14*
75c
43%c
Cos.,
'
2-28
$1.25
-^J—
Inc.
3-15
$1.50
■„
(quar.)__——
4-
3-14
$1
Co.
3-29
3-14
3-28
50c
shares
Pictures,
'
4-1
IOC
4%
'
3-28
50c
>
1
3-15
'
*$1.25
Parmelee
3-13
3-13
3-1*
(quar,)-—
preferred (quar.)—i.——
Transportation (quar.)——
*;■
Telephone Co. (quar.)—j——
Pennsylvania Glass Sand Corp.—
Common
(increased quar.) —:
—5%
preferred (quar.)_———
—■
Pennsylvania Power 81 Light Co., common—_
4V2 % preferred (quar,)—,_A_—
,
Peoples Telephone Corp., common . (quar.)—
4%%
preferred
—---7:7-7-*
Perfe-ct Circle Corp., new common (initial)-
4l 1 '
3-14
4-
*18%C
*37 %0
Peninsular
1
3-15
3-31
$2
y-——
m.
Page-Hersey Tubes, Ltd, (increased
Pantepec Oil Co, (Venezuela) —
3-15
4-
3-24
25c
.
$1.
'
Gamble Robinson
Extra
3-14
4-
20c
v
Pacific,Indemnity Co.
2-28
3-31
3-10,
Paauhau Sugar Flantation Co,_——-i—-.
Pacific Coast Aggregates
(quar.)
3-31
4-2
4- 1
*$3.75
3-20
;
3-5
4-
of America-
(quar.)_____
Oppenheim Collins & Co. (qu4r.) j.____—-—
O'Sullivan Rubber Corp., common ,(quar.)_—
'A 5% preferred .(quar,)—
Otis Elevator Co., 6% preferred, (quar.) —_
Ottawa: Electric Railway (increased quar.)*
Ox Fibre Brush Co., Inc. (irreg.) —
6-20
$1.25
3-1*
common—-.
Ontario Loan &. Debenture Co.
'3-19.1
3-29,
$1.25 ;
1
3-15
43%c
quarterly
Corp.,
3-10,
3-31
6O0
75c
$1.10
preferred (quar.)—
Oneida, Ltd., common (quar.)
6% preferred (quar.)—__j——_-
.
Fund
(quar.)
6-15
'
8%
4
———
pfd,
3-15
7-1
250
3-1
Increased
3
3-14
——'
—
■
7
Omnibus
2-20
15C
37 %C
of America———
Irving Trust Co. (N. Y.)
$1.75
A 600
3-31
3-1(8
3-1(8
;
3-25
$1
International Silver Co.,
3-
3^31
3-
3-20
31%C
^
f;
3^15
250
Co.
Old Line Life Insurance Co.
7%C
;
Ltd.—*•
——
1
100
•
1
4-10
4-
66 %C
iquar.)
(quar.)
3-15
1
4-1*
Life
Oakland
3-12
46c
Salt Co—
3-10
4-
,
(initial) ___
(quar.)_—
.preferred ■
No-Sag Spring Go.
4-18
3-27
Co.—
preferred
4-1
400
(quar.)
6%
3-10
300
(quar.)
—.—L—.—
7
4%
preferred
(quar.) ——
—,
International Paper Co., common (quar.)—.
$4
2-28
400
,
$2 non-cum. class A., (quar.)--.—
5%
convertible preferred (quar.)— — --
International
3-15
5-1
North
3
45C
■
Common I
•
3-llJ.
*$1.25
3-31
.
5iast iSugan Loaf
Coal______—
3-15*
4-1
3-20
'1
—
Telephone, (reduced)—
preferred
3-11
50C
•$2'
of Canada, Ltd.—-
Manufacturing Co.—u
Statler Co.
(irreg.)—
Cement
3-29
3-31
7
Income
'
2-20
A
2-2T
87 %0
3-
;(Nashville,
2-20
3-1
81
3-10
3- 5
National. Malleable & Steel Castings Co.—National, Oil Products—
3-1*
%C
3-15
3-10
3-31
National
A
3- 9
3- *
3-15
.
3-15
$1.75
25c
Biscuit
National
■■
1
3
1
3-15
4-15
3-10
4- 1
3-
4-
(increased)
National Casualty Co. (Detroit)
(quar.)
National Lead Co., common (quar.)________
777 6 % preferred B (quar.)
—
Ty"
3-20
2-28
2-28
3-14
National Cash Register
3-11.
V'-.v3r-'7
;'
y
National Breweries, Ltd., common (quar.)
7% preferred (quar.)
5-16 y
6-2,
f
7
3-10
4-
:
preferred
National
2-28
2-28
3-15
3-14
National Alfalfa Dehydrating & Milling Co.—
,
5%
3-31
3-15
1
3-31
Nachman
3- 6
/
preferred
Myers
,
3-18
3-15
4-1
4-
3-22
62 %C
(F. E.), & Brother (quar.)
Corp. (irreg,) ___.—
Nashua Mfg. Co., 2nd preferred (quar,)
2-28
A
Inspiration Consolidated Copper——.
A:* *$6'
Ingram & Bell,.Ltd,,: 6% preferred (annual)
*750
Inter-City Baking. Ltd. (quar.)—
25c
Interlake Steamship Co.—-.——---•*International Metal Industries, Ltd.-—
*40c
Common class A (quar.) —*---—-——
4%i preferred (quar.)— _L—ja—:.,—,*$1.12/a
International Minerals & Chemical-
3-10
3-13
Co.
1
3-15
;
3-31
43
,
3-14
50C
—
3-7
2-28
*$3.50
Murphy (G. C.) Co., 4%% pfd.
Murray Corp. of America, com. (resumed) __
4% preferred <quar.) __A-J_Jy/J-__A—
Mutual System, 6% preferred (quar.)
3-15
7
(quar.)—————
Industrial Acceptance Corp.,
j,,
3- 3
'
4-
A
y
!
3-15 !
75c
1
3-12
Works
Mueller Brass Co., new, common
3-21
3-28
150
Locomotive
$2.50
3-20
2-20
1
5-
*20C
(quar.)._______
*48c
Montreal Telegraph Co. (quar.)
Moore Drop Forging, com. (increased quar.) ,.;A: A 15c
A4%.% convertible preferred (quar.)—- 59 3/10C
50c
Moore-McCormack Lines, common (quar.)__
A 3-12
1
25C
1
3-
1
4-1 '
93 %c
-
Imperial Life- Assurance Co. of Canadar—
.
(Toronto) (quar.) ——-li*———v-—1.
Indianapolis Power & Light, common (quar.)
1
4-1
"
1
3-15
3-31
Gas
3-10
4-
2-21
1
3-31
A
A; 3-25
4-
3-2 8
3-
10c
Montreal
8
2-28
3-31
25c
3-17
A4-
3-31
*
3-17
y
3-17
300
1
1
1
$u«y4
4-
y.
2-28
4-
87%C
4-1
,2.5c. A- A?4-,.!,
'■
Illinois Bell
"
—
-
Ideal
3-31'
4-15
75c
Inc.—
'preferred'1 Iquar.) LL.—L'J:_J ;
preferred (quar.)_———-7-Lw—
5% preferred Hquar.)jj——J—7-.LJ7,J.
Hydraulic Press Mfg., 6% conv. pfd, (quar.)y
3-17
15c
12 %C
*250
1
3-10*
$2.50
5%
57
'
*43c
4-
1
5
250
Water
Milwaukee
$2.50
'V'A5%
3-14
3-15
'*25c
4-15
Class
1
1
3-
t$l
(quar.)
Gompany___.______-__—____—
Midwest Piping & ;SUpply———
Miller Mfg. Co., common (increased quar.)__
Av\7 '-Extra;
8
25C
,Houdaille-Hershey Corp.— ,
7
ryi,
$2.25 convertible preferred
(quar.)
Howell Electric Motors (quar.) ———
Hubbeli (Harvey), Inc.
(quar.)_
Hudson Pulp & Paper, 5 % pfd. A (quar.) —
Hutchinson Sugar Plantation Co. (quar.)—-
,
_
3-
3-
3-
*$1.75
Light, 7% pfd. A (quar.)
Modern Tool Worfs, Ltd. (initial)
Modine Manufacturing Co. (quar.)
—
Mohawk Rubber yCo,—/
$1A
Huttig Sash & Door, commoft
rH-r5% preferred (quar.)_———x.*——
3-20.
-3-12
25c
25c
3-15
2-28
3-15
17 %0
Brothers
Middlesex
,
3-15
20c
Ra-ynolds Co., class A (quar.) ___—
Class,. B (quar.)—
(quar.)
—
'
Doehiett-Jarvis»Corp. - (quar.) ___r—
4J«minion: Dairies,: Ltd;—
" u.A7) 5% non-cum. preferred
(quar.)_____—__::
^omiaioa-TaRfcchemical Ltd., com. (quar.)
c
common'vo*in» trust certificates (quar.)
7 *1' PEeferredi
'quar.)
Orapeo* corporation
(qua).)-—/—
«*esse»{
Industries, Inc., 3%%'pfd, (quar.)_
3-22
25c
_aLj.L_y_JLL------Lr'j.Homestake Mining Co. (increased)—Horder's,
Inc.
(quar.) —.—
Reduced'
3-10
'A A
2-19
200
—-
Quarterly' _—'-————
(A.) & Sons, Inc. (quar.)
Hollinger Consolidated Gold Mines,
$1.50
(quar,).——7—
preferred
Hinde & Dauch Paper Co.
•3-7
1
3-14
1
4-1
25C
/Hollander
3-13
4-1
4-
3-31
1
—-—-
Midvale
250
A/;
7
60c
4-»' 1
3-14
4*
3-10
5c
_-_r-
Petroleum Co
3-15
4-
5C
Michigan Steel Tube Products——_
;:
3-14 A
4-
-_L-___L_—
Refineries
Michaels
3-15
>3-
$50
:■
3-1&
$3.50 preferred (quar.)— _________
Meyer-Blanke Co. (quar.)
Michigan Consolidated Ga
4% %
preferred
(quar.L._.
3-17
1
3-31
34%C
,
PaLCh Paper Co
3-24
10C
1
4-
3-31
*5C
Hein-Werner Motor Parts
7
2-18
3-
12 %C
4-
•
,
preferred A (accum.)i_————-—
Co., common
—
3-
3-25
A7
3-29
3-
————
Publications,
2-25
7%
A 3-15 ;
—
Consulidated
3-17
10 c
4-25
4-15 A
$1.75
2-2&
4-
Distilling Corp., common.
A- Common ——.A————————
Merck & Company, com. fincreased quar.)
3-31
A
A
B
2-23
4-
Merchants.
4-30
LL-- ———Li
3-15
3-20
A
3-31
4-15
preferred (quar.)
Hanson-Van Winkle-Munning, (irreg.)
1
3-20*
y
9-15
4-22
3-29
Helme (George W.)
4-1
- --
6-16
10^-1
4-30
(quar.)
(quar.) ^_Lj__L_y_
3-15
1
1
4-25
common
3-15
42 %C
—
■itoJir
Printing
F.)
1
4-
3-
550
———-—
1
3-15,
3-15
y3-15
40c,
4-
50c
vpuiMfcli .Texas t Sulphur
(W.
7%
87 %C
h
12%c
4%
;2-18 *
aa;-
1
4-
A 250
Co.—L—————
Distilleries,
4-
4-1
' 7 A
1
3-15
*12%c
Malting, common
(quar,)——~—___
4-
.'A;'A $1
(quar.)
common—
20c
Special
Hearst
55c
Wixie jceCfdam
Pbwer,tCo-»
3-15
________________
Harrisburg Steel Corp. (quar.)
Hathaway Mfg. Co. (quar.)
2-25
Inteimational ,Bridge_i____——
Sfceel- Corp.
3-31
'
3-
2-28'
3-31
A
J
Rubber, common (quar.)
preferred (quar.)
!
10c
7;
2-28
Alden
Special);
40c
I £*a''oik > Gray Iron Foundry (resumed)-^—.
i
7
Group No. 1 Oil Corp. (quar.)
—
Oil Corp. (qua?.) ——————————
25c
(s-a)
common
Tire &
:
3-
3-15
A' 3-10
$1.50
(initial)
Dejay stores,' Inc.: (quar,)
'
3-27
3-20
____
$1.25
(quar.)v___izl_——
j Dempster MiltMfg.
&
preferred
'.-■A1 Extra
Jp. W. G.' Cigar Corpl; (irreg.)
jpaniels;.^ Fisher NStores^_-^^^—_
*
50c
'
pfd.V(quar,) 1777
.(increased qua):.) 7—-Crowell-Collier Publishing Co. (qukr.) /TilCrown r zeJlerbachu Corp.__^^———-Curtis- Publishing (Co.— ■ W. 7/ 7/V,
7■
$4 prior -preferred (additional)
.
7A
50c
Ar
Cottrell (C. B.) & Sons,:6%Crane- Co.v' common
preferred
5
3-
-
_____
Day ton & Michigan RR.
3-
4-
Hall
$4
Mills
S-Extra; ;A7/' $4
i
___L
Haloid Company,
^CSonsolidated Gas Electric? Light .& Power Co.—
?. A
90c
V (Bait.), common (quar.).
,
74% %fpreferred series B. (quar.)
:: $1.12%
7:7- $1
/4% preferred series C (quar.)
Continental-Diamond; Fibre (resumed)
'-7 V;v ,25c
,
3-15
3-27
7% preferred (quar.)
Gree-ning (B.) Wire, Ltd. (quar.) —
Griesedieck Western Brewery Co.—
Ay ; 5%% preferred (quar.)
—-——
•
3-10 A
3-15
,
5- 1'
-:r
•
Continental-United "Industries
5
l
-
—
(quar.)
-
5
3-
■
y.;
A 3-31
S5C
3-
3-15
75c
Gulf
.
Continental
*
4-24'
9
4-15
;——
3-15
62 %c
Inc.
2-29
4-
Lindsay Light & Chemical, 7% pfd. (quar.)_
Lipe Rollway Corp., $1 conV. pfd. (quar.)
Loews (Marcus) Theatres, Ltd., com, (quar.)
7% preferred (quar.)
_____
—
London Canadian Investment Corp.—
5% preferred (accum.) __A___L___L-L—
L6ne Star Cement Corp.
(quar.)
Longhorn Portland Cement, (irreg.) ________
Lord & Taylor (quar,)____i
L___^_______''
Mackinson Structural Steel Co., Ltd.—
5%
preferred (quar.)..——
Macy (R. H.) & Co.J
jwiJiiJ-i
Marsh (M.)
& Son, Inc.——
Mastic Asphalt Corp. (Irreg,)—
Mathieson. Alkali Works, common—__——
"7%
preferred
(quar.)
—
McKesson & Robbins, Inc., common (quar.)j,
$4 preferred (quar.)
.J
.
^
2-2*
4-
Lincoln
8
7-
3-10 ;
3-28
*5c
V
Southorn. -Corp., /(Del.)—
$6 preferred (accum.)
(payment* is pro7 - posed; to- be> made »28. days -after. 'SEC
77 order; to* holders of record- at- the close
of business on, the 14th
day after the
vi.74. date, of such order).—.
Consolidated/Edison; Co, ot N. Y.,- Inc.-— *,;
5% .prederred
3-18
'
6-
v-
Commonwealth.
x
A
'
1
5-
3-
.
3-11
3-25
4-
3-18
3-20
.
3-15:
$10c
•
(Louisville,. Ky.). (quar*)
3
3- 3
12-
.
3.60% p "preferred
(quar.)
Commonwealth Life: Insurance—
£
A:
2Va%
Columbia Pictures Corp.
-
"
3-25
150
'.(quar7l.--
3-
3-13
3-25
$3
Baltimore—
Holder^
payable of Ree.
Share
....
»
.
4-
Leonard
.
5
*25c
—
& ;Irbn_-.___—
8% v preferred tquat.)
Commercial Credit Co.,•/comn»h
3-
* 25c
Co.v Ltd.' (s-a.)/
v"
Semi-annual
3-10
3-12
___
Colorado
3-1'
,3-31;
_ _ _ _ _ _
,
Cockshutt
2-25
.
Cincinnati
4-10
7%c
(quar.)
40C
Glens Falls Insurance Co. (W. Y.)
(quar.) —
Globe Wernicke Co,, 7%
$1.75
preferred (quar.) Gold & Stock Telegraph
$1.50
(qhar.)
—
Goodrich-HB. F.) Co.,"*Cwti\mon———
$l
> ;
A ; $5
$1.25
preferred (quar.)
Goodyear Tire & Rubber Co. of Canada, Ltd.—
Quarterly ■—i—L__—— L-;i—
;Aj; A *$1
20c
Gordon Oil Co., class B (quar.)—
$1
Gorton-Pew
Fisheries
(quar.)
—
A
A 15c
Great Lakes Engineering Works (irreg.)
Great West Saddlery Co., Ltd.—-7
*750
6% 1st preferred (quar.)___—
*75c
:i,'X6% 2nd preferred (quar.)
30c
Great Western Sugar, common—
3-15
$2
.*7
Extra
4-15
A
5
3-15
Glon
$1
i—,___
(quar.)
3-
3-
1
3
A 4- 1
'3- 1
■7-i 45c
%
Co.
Glenmore
7 $1.50
(quar.)_——
(N. Y.)i (quar.)
3-19
3-10
——-
5
'
6% participating-preferred
2-21
3-31
,
7/
«
8
3-15
_
6-
^7%C:
8
3-
1
i
—__
3-
4-1 a
4-
—
3-20
3-10
v
;A
30c
(Robert) ©o„ 6 % preferred (quar.) —
Gait Brass Co., Ltd.—
*$1.50
—,—25o
Galveston Houston Co. (quar.)
Ar $1.50
Gannett Co., class B conv. preferred (quar.)
Garfinckel (Julius) S: -Co., common (quar.)
A 37 %c
34%C
>
5%%
preferred (quar.)
28 %c
AA 4% %
preferred (quar.)
30C
Gary Railways, Inc. (Indiana)
75c
Gemmtr Mfg, Co., $3 preferred A (quar.)—A
General Bottlers, Inc.
i'A'A;'; 15c
(resumed)——
«.
AA: 1%C
General Box Co. (quar.)
—A
5c
General Finance Corp. (quar.)
,7
7
General Mills, Inc., 5% preferred (quar.) __ [7 v; $1.25;
:i
General Paint Corp., $1 preferred (quar.) __ Ay,,25c
AV
$1 convertible 2nd preferred (quar.) —A; A7? 25c
A
General Precision Equipment—
EC
.250
A
7;
Gillette Safety Razor, $5 preferred (quar.) _ 'A | $1.25
3'20
9-
■
Chemical Bank &.Trust Co.
6
3-13
4-
$2.20
5-1
,
1
37Vac
Preferred';V '(quar.).«;
Preferred -'(quarO^^^ii/lll^i'^-C—i.1•
Carey Baxter & • Kennedy (initial) —
" V/ 7!
Formerly? lmown;: as ; Southern Phosphate.
Celanese Corp. of/America,/ commbn_____ ___
$4.75 1st,pxefeMe.d«Hqimr.)i____^j/--2____
I
7% 2nd preferred* (quar.)
Charleston' Transit—
8
3-
4-3
Gair
'37 Vic
Preferred /
..
Chamberlain . Co. of /America
3-
3-15
3-15
3-31»
3-15
'
A a tinnreferredHfahar)-A:AAHA'AiW':
8 ^preferred H(qharj):i_wJA—i7—7777-
3-15
National
Froedtert .Grain
115c
'
(quar.)
Canadian-Oil
'
_
4-1
3-31
*15c
B
250
12 %C
"A $2.50
7
(s-a)
■
A 3-12
4-15
7*200
Class
3-15
/
25c
Corp., common—
—
37 %C
6% prior preferred (quar.)
—_—
A 37%c
Ay". 6%. prior preferred (quar.)
—
37 %C v
6% prior preferred (quar.)-..—.2——.—
Foundation Co, of Canada, Ltd, (quar.)_
6 ;*35c
V *50c
Fiaser Companies, Ltd. (quar.)_—
1 Extra
'ii% t$t
3-12
1
4-30
ti7%c
(quar.)_
Motor-Lamp Co., Ltd.—
4-
Poster-Wheeler
A 3-12
3-31
3-31
•
Canadian "rConvertCTs Co;^ Ltd.—: 'HA'AvV 'AAAy
IA
Class A:rJ(quar.)_t--t____-___-__-__
*18%C
____
Canadifta
2-27
7
.
;
Ltd.
3-10
Foothills Gil & Gas, Ltd,- (interim)Fort Wayne Corrugated Paper—
4-29
5-22
•' *43%C
Celanese,^td.V:;pommOn (quar.) w
! Canadian General Investment,
25C
Fund
Foote-Burt
'
Canadian'
2-27
(initial quar.)
Florida Public Utilities Co., common - (quar.)
A 4% % preferred (quar.) _________________
*20c
.
I) $1.75 ipreferred/; (quar.) I__j.__________-__
; 7% ? 2nd ^preferred', (quar.)
3-10
$3
at
America
(quar.)
Fleetwood-Airflow,
t 25C
A
—_______—
(quar4)__—^—___
Class iA
50C
J
'•A
!■
,
25C
(San
T
50c
A
a
Common .(quar;)^
3-17
3-20
1
•"<
;VA
preference A (quar.)—*
x$1.75
xl%%
preferred B (quar,)________7________
xlV*%
preferred C (quar.)
5% preference D (quar.)
Jeannette Glass Co., common (quar.)
500
7% preferred (quar.)
$1.75
Joseph & Feiss Co. (quar.)
A 250
L.L.L
Joslyn Mfg. & Supply, o% pfd. (quar.)__^__
$1.50
Kekaha
...
15C
Sugar, Ltd
37 %o
Kelsey-Hayes Wheel, class A (quar.)_L—v—A
25C
Kennecott Copper. Corp. (quar.)
250
Special.
—._L_»*L
$3.50
Keyes Fibre, $6 preferred (accum.)
1%C
Kinney Coastal Oil Co.__
—:Lw
Kirkland Lake Gold Mines, Ltd. (s-a) ______
*10
Kleinert (I. B.)
25o
Rubber
_________
250
Leath & Company, common (quai.\)__
62 %0
$2.50 preferred
(quar.)__
$2
Lehigh & Wilkcs-Barre Corp. (quar.) J___.—
250
Lehn & Fink Products (reduced)
3-20
1
Indemnity-Co.—
Fiancisco), (quar.)-^___
Stores, Inc. (quar.)
Special '
n
First
.
| (Calumet & Hecla Consolidated Copper* Co.—
j
1
4-
(quar.)
B
Fireman's
5-
/
1 5%' preferred.;(quar.)
i
1
50C
Cqmmon CUhSreased. quar.)—_—
A
3-
of
Co.
Class A
r- Class
$1.75
y
4-
Finance
Finance
3-10
iC. I. T.
[
1
20
_
Financial Corp.; (quar.)
(California Pacific ^Utilities—
$1.25
—
5
3-
$1.50
<
3-
3-15
4-
*c-.——________
(A.; M.) -Co.," 7%_; pfd.. (quar.)
17%C
■
,
Ltd.?-*
5%
50c
__L____.-_._-,
;
j
7%
3-11
62 %0
:
Compahlf
Public Service,
,7%
3-10
A 3-11
1
—_—
1
IOC
Buffalo BOlt Co. (quar.)
iBurgessV Battery -Co. ;(irreg.)—_______
v
* Stock
dividend l S(one share of Biirgess-
|
•-
Corp., common (quar.)____ .7.7 350
56%c
J 4 % % preferred (quar.)
Fear (Fred)
50c
& Co. (quar.)_
Federal Motor Truck_-____-._______._
10c A
Fenton United Cleaning. & Dyeing
Co.—„ 7
A/..; $i
Common (quar.) J—
;iLij
7% preferred (quar.)
7.
$1.75
20o
Fidelity Fund, Inc. (quar.)
30C
Fiduciary Trust Co. of N. Y. (quar.)
Family
$1.50
each
;
1
3-14
«
for
B
preferred (quar.)
Empire Steel Corp
Eureka-Williams Corp.
European Si North American Railway
1
.
common
1
4-
Jamaica
4-
5%
3-31
Bristol Brass Corp. : (quar.) ____________—
jBtitish-American Oil, Ltd. - (quar.) _________
Brooke (E. & G.) iTbn (quar.)
yBrown it Btaarpe Mfg. •(quar.)___________T__ A
Co/
Alloys Corp.—
L________L________—__
Elliott
3
yy-A 25c
.
■■
4-
8%
4-
3-31
$1.75
$1.50
(accum.)
(quar.)
preferred (s-ii)
CO., 5 % preferred "(quar.)________7
Emerson Drug Co., common A—
3-12
3-12
1
Manning
$1.50
(quar.)
$7 rpfd:
3-31
&
Common
3-31
3-10
100
When
Per
Name of
Payable of Ree..
Share
v
(accum/)
Electro Refractories
50c
,
*
prior preferred
Electric Power & Light,
$1.06%
■
|
J
,
Ferties, Inc., 6bmfhon (quar1.) _iii_
Holder*
When
per
Name o} Company
Payable o/ Bee.
•iRt:
i229>
3-15
750
4-
1
3-15
-
When
Holdere
Payable of Rec.
Per
Name of
Share
Company
Increased quarterly
Porter
(H. K.)
5%
<
Co.,
preferred
(quar.)
Prentiss-Wabers
Preston
East
Providence
Public
Dome
Ltd.
Mines,
Service
Public
7%
1
3-20
4-15
3-15
25C
3-28
3-
50C
4-
—.
(increased)-
Co.
Whitin
Colorado-—
of
Co
Bit
1
3-15
Wieboldt
4-
1
3-15
$4.25
41%C
4-
1
3-15
6%
Stoker
Common
50C
2-28
2-20
75C
4-10
3-12
$1.50
5-31
5-
Wisconsin
37»/2C
3-12
2-28
93 %C
4-
1
3-10
:
1
3-
'
3-15
3-
1
50C
4-10
3-20
25C
3-30
3-17
1
3-10
6-20
6-10
Youngstown
10C
3-15
3-
1
Zonite
10c
3-20
3-
Extra
t.
4%
I*
4-
t62,/2C
4-
1
3-20
IOC
3-
5
2-21
25C
3-28
3-
6
25C
3-28
3-
6
30c
4-
1
3-
3-25
'
_*
—-
Ruud Manufacturing
%
*..,,
i.
3-
15C
7
—
—
,
25c
15c
Door
Corp
3-17
3-20
3-
1
Name 0}
3-11
2-24
1
4-
1
3-
5
5%
3-
3
2-25
Acme
3-
3-15
25C
4-
3-
>.
Co
3-
1
Alabama
Power Co.,
3-15
3-10
Alabama
&
12V2C
3-15
3-10
Alexander
50C
"■ ■'
< 3-15
Common
$1.50
Co.—
Finance
(increased
preferred
3-12
3-
3-31
4-10
3-31
Alpha
25c
4-10
3-31?
Aluminum
*
12y2C
3-10
3-
'
:
*
*
5%%
i
convertible preferred
;
$1.20
preferred
Smith
&
(quar.)—
;, v
(quar,)—.
Smith
Aluminum
.
3-15
;12'/2C
3-31
3-15
30C
3-31
;
:79»/2C
3-8
Aluminium
3-31
,*.-.
1
3-14
11
3-
i
3
3-20
1
3-10
2
3-
8iy4c
3-
5
V: 25C
common
—
vr
?
50c
56 %c
(quar.)
?
2-20
3-10 :
4-1
*
3-13*
2-21
3-
il 2- 7
3- 3'
5
4-
3-20
3-31
1
3-25
•
50C
7::r.4-.
50C
$2
2-28
4-2
2-28
'
$1.25
4-
1
50c
3-
3
;
3-10
3- 3
4-
40C
$60c
2-20
-
,
2-20
50C? i- 3' 3-20
'
s-
1
i
3-8
3-12
*
'
2-5,
5-20
.
4-21
'i 5-20
4-21
62 %c
25c
' :% 3'
3-15'
$25C ?■•;""'3-15
; "J2-15
4-
Is
1
Is
4"
2-20'
4»7
2-26
'
& 4- 7:
2-26
4-
7
2-26
7.;?.
2-26
7:v.?Xff"
*_—i———~——4—
receipts for 5%
3-14.
3-31
60c
—
t.??-
V 3-12
'4-10 '
20 c
7
—
3-20
$1.50
'
,
pfd.
2%%
bearer ,(s-E)
1
«*■ •iw——u——X'J.' - 'i
deposit receipts for 5% preferred
registered (s-a)
—-—*_*_——**
'
Class
A; ;
(s-a)—*,*———~——
,4-
2%%*/
British cmumbia- PackerSj?'Ltd;^'r^^:v-';;;-;.:-;^.;,'-
t
.
i.**;
2-28
3-31
American
V;
3-15
20c 7
3-15
25c
37 Vic
—-———*
/ American / deposit
3-10
:
2-13
3-1
,
deposit receipts registered (finals
.v.feijite'rmr
2-15
1
*:
American
3-24
^?$,R38g;
**_:
•
4-
;
3-14
Corp7
Interim
3*
7, 2-17*
3-10
-
3-15
73-15 7
$37Vic :
—
2-28^
3-15
$12 Vic
2-28
3- 3 ?v
50C
Bristol-Myers Co., common: (Interim) 4__—*:
93%c ' ? "4-15- ; 4-1
preferred (quar.)
—__
/ American
Brake Shoe Co., com. (increased). V1 ?f * 50c
3-20
:.V 2-11
3-7
3-31
50c
Brooklyn Borough Gas Co.-, common——;
7 4-15'
3-31
4-30
90c 4
.1;
5'A%
t 3-20 !•'■>■! Brown -Bhoe Co., $3.60 preferred (quar.)__4:;
preferred
(quar.)*.—
"$1.31 Vi
American Can, 7% preferred (quar.)*;
4- 1
$1.75
»3-15 ? 3-1
3-13*; Bruttawjpk-Balke-Collender Co., common*— ;:-V'sV'25c
v
American Chain & Cable, common (quar.)**
35c
3-15
?
•v .3- 5
3-28,
$5 preferred (quar*) *__*_—4_*^*i_—* ■{ > V $1.251-:"
;
3-15
3- 5'?
2-18
6% preferred
3-15
•20c
(quar.)
.-*.
*___*
$1.25
:■'.Ruclreye'ypipe-Xine
14.^4.4*4*44*;
American
Chicle -r Co.
3-15? >l 3-- 1;.'4- "IS /; 2-i7'
$1
(quar.)__**
?*_***.
Bucyrus-Erie ?Co., common (increased) 4*— CXV25C'"'
American Cigarette
3-15 »■''< 3- 1^
4-1
>11
Cigar, common**^— ;? \ ,$1.28
preferred :;(quar:)
■< • $1.75 r
'v":v7%
3-31^
QVtr preferred (quar.) **_*—?;7
3-15'
r
Bunker Hill & Sullivan Mining- ft Concen•
f1.50
?
American-Cities Power & Light Corp.—? • • • v ?.•"
2-4
'.,•?
trating, (quar.) 7/_4*-i-4«_--^-424*.
—
12 Vic' v 3- 3
•2-4'
$2.75 class A
(opt. div.7 series) of 1938
3r 3
<
"Extra: '444^-;*iv.4-^_*-4—'-4*-,i• «*12%C '
'v..
3-10
(quar.)
Payable in cash or
Burkart <F.) 'Mfg: t56^:77---4__:„^*«--^' ?•' -.'V25C^ of 'a
>
2-17;
Share of class B stock
?
4- 1
68 %C
;
3-10
-4- 1
3-10'
Burlington Steel, (Ltd. (quar;)'4^-4>1i.4_'4*i— tr'v
American Colortype Co. (increased).
3-15
30C ;
2-28
3-10 .;r'l-31?
Burroughs Adding Machine- (quar.K—-4.—*4"15c ;
25c x''
4-1
3-14
: 3- 4
Americap Cyanamid- Co., common (quar.)*
VRushvTerminal ■?Bldgs., '7 % >pfd.;;i(accum;)r444:
$1^25 v7, ;,;4-: 1 '
•"
I X
5%
.v 12 vic
preferred (quar.)
j.
3- 4'•.?•?
Bush; Terminal Co.; common—_—*—_^—* ; .:? ?• 35c? ; =3*'-'3 •,;2-l*'
American Export Lines
3-13 ■,i 2-28
30c
6%? .preferred (quar.) _444r_-_4i4444u-_*_-4.4V'',v'7; $1.501 : ;,.'4- l ,
V.American Factors, Ltd.****.3-15 •'
3- l'
2-28.
;
30C
Butler Water .Co.f 7%
preferred (quar.)4*4 -•$D75i •J.3-15-'7
3-10
,
Ltd.
4-
4~
3- 1
10c
(increased)
& Sons
(E. J.)
3-12
3- 5
20c
Corp.: (quar.)*—— v
Bearing
•
3-15
It 4 '
-
3- 6
1
$1.50-
Brewing Corp. of America* (quar.)*—
7
Briggs & Stratton Corp. (quar.)
——4
British American Bank Note,
Ltd. (quar.)*
British-American Tobacco Co., Ltd.—
American deposit receipts ordinary (final)
'
—
;
2- a'
3-15
$30c
8
3-
40C
quar.)
American Aggregates
American
30C
Ir- 25c v
(quar.)—;;
(quar.)*
>
4-
30c
.?:?; 3-15'
3-14
50C
*
Goods Mfg. Co.
Industries, Inc. (quar.)
2-20
:
-
America,
1
4-15
133/4Cr
Iron—
of
Co.
3-24
10C
Arch
Corp., 5% pfd'.
(irreg.)1
Co.
(quar.)',^7$lvJ5,'.
■
3- 3
•
v
,
?
,
2-20
•3%%
.
.2-17'
..
'•
•
(Alsop) Paint & Varnish Co.—
preferred
(quar.) J——
(Howard) Paper, Mills, Ltd.— k:
7 %
■»
Steel
3-31
Inc.—«*'___**_4—————-*
Brewers & Distillers of Vancouver, Ltd.—
v
-"?' Annual '(Increased)*^4444*1141*4^44--.;:
4-
^73?: $3
Roller
Breeze
4-
$1.05
;
common
preferred
Cement——*
Portland
Aluminum
3-
$1.50
(quar.)
2-28
3-10
IOC
-
Co.,
$3.75 preferred (initial
6%r preferred (special)
1
3-20
1
4-
$1.25
(quar.)
Corp.
Mfg.
convertible
4-10
37»/2C
—
Sloss-Sheffield
3>A%
30C
—
common
Products
._
quar.)—*—
Simplicity Pattern Co.,
15c
(increased) —
(quar.)*—;—*4;
Co.—
Tobacco
Brothers
3-21
3" 3
$1."
3-15
—
Allis-Chalmers
(quar.).*—
$1 preferred B (quar.)
Selby Shoe Co. (quar.) __****_**
Shaffer Stores Co., 5% preferred (quar.)
Shakespeare Co., common (quar.)**—
Shenango Valley Water, 6% pfd. (quar.)
.
Allied
5
?■:?■•-,?
A
preferred
3-21
1
10c
-V
Spencer***—**——
&
Bower
2-23
3-31
4-
'
2-20
3-12 7
(Watertown,
2-20
3-15
2-20
v4r 1
(quar.)—
Co.
BopcJ Stores^ Inc./ (quar.)l——
Borg (George W.)' Corp. (quar:)—
Boston & Albany RR. Co.-*——
14
Boston Elevated Railway (quar.)*———.—
Bostdn Real Estate Trust—————.—-—
.
3-10
1$1.25
(J.
N. Y.)
(quar.)—
4.20% preferred (quar.),;
Vicksburg Ry Co. (s-a)—,*
& Baldwin
(quar.)*..
4-1
•v;(v 75c;
e? 20C JjD
*——
D.) Mfg. Co. (quar.)_**__**——
Agricultural Insurance Co.—
1
1
1
preferred
Steel
2-10
4- I
«—
Holder•
125c
•
3-3
'
(quar.)****.——
convertible
Brach
(quar.)*
2-19
$1.50
'
Corp1.^ common*
• 6%
preferred (quar.)
Bohn Aluminum & Brass
;
Sugar Refineries, Ltd.—
participating
(quar.)
2-19
3-3
$1.75
.nrrtrtX
Electric, common—_* V
4.2% preferred (initial)*—
Birmingham Gas Co., common*—
Birmingham Water Works,. 6% pfd. (quar.)
Blackhawk Brewing Co.
(quar.)*,
——
Blaw-Knox Company (increased quar.)
Bliss (E: W.) Co., $2.25 conv. pfd.
(quar.)*
Bliss & Laughlin, Inc., common
5% convertible preferred (quar.)-—____
Payable 0/ Rec.
Share
preference
12y2C
.*—
,,J'
A
Adams
■
Wi~HiTmsI~lIIc~.~IIIIIIIIII*IIIIIIIII
&
Seaboard
Steel
Mfg.
5%
Bit does not include divi¬
these being given in the
.'k.Ur^v',:-v7'
'-H,
Company
Acadia-Atlantic
2-1$
3- 8
$1.25
50c
■ ■ nil
Birmingham
3- 6
3-10
When
3- 3
3- 3
(quar.)
Bingham Stamping Co., com.
weeks and not yet paid.
The
announced this week,
preceding table. ?:
4-18
\ 50c
,
jj_u_
preferred
preferred
Billings
give the dividend! announced In prevloui
we
60c
r >
,***,
'
ta,
1
.
'•/; '$1
•
Scott
—
conv.
(quar.)
convertible
Bibb
2-20
,:
*
3-31
7%
,
3- 1
7c
2-28
2-28
I,28'.
4" 3- 7?:??
3-15
3-14
Bethlehem
3- 3
2-25
»
.
interest
dends
20c
**
.
(quar.)———
:'« '•'
Extra
»
Below
«1.06
(irreg.)—*
class A (quar.)
50c
Works, common (quar.)—*?
4%% preferred A (quar.)
$0, 296875
Sarnia Bridge Co., .Ltd.. (s-a)
25c
Co.
Steel
Products
Class
San Jose Water
Lock
Trust—
beneficial
$10C
1
5-
$2
Hedges,
BXt-rfl'
;.y.i*'
3-10
1
4-
$1
-
.*
Schlage
1
3-10 '
250
Safety Car Heating & Lighting (quar.)
Safeway Steel Products (increased)—
Saguenay Power CO.„ Ltd.—
i .4%%
preferred : (quar.)
St. Helens Pulp & Paper
St. Louis Public Service,
3-10
3- 1
4-
50c
3- 1;
«- -
rer
——
—
4-^1
3- 5-
4-1
'
3-20
v
1
50c
$5
;
4-
25c
&••
Corp.**
Aviation
Benson
-
.4- 1
3-15'
2-28
1
pref, (quar.)*^*
Bendix
v.; Common
; 3-20
3-15
„
..
.
Berghoff
6
50C
;
.—
(quar.)_
J
3-20
f50c
__
(quar.)——
(irreg.)'——
Co.
>
1
4-13-15
4
*1
t$1.50;
$$1.75
(quar.).*
Co.
Packing
4•I''
Brewing Corp. (quar.)*——
Berkshire Fine Spinning Associates, Inc.—
3-15
3-21,
3-7
3- 7
.•
Bloch
__——
(The)
of
Ties^ (quar.)—
:
convertible preferred
Ruberoid
■
$50c
12 Vic
Belding-Corticelli, • Ltd., common (quar.)—.*
7% preferred (quar.)
Belleterre Quebec Mines, Ltd
(s-a)
—
5
4-
25C"
_
preferred (quar.)
Mfg.
Co.—
Rome Cable Corp., common
..
Investment
Certificates
12'/2C
(quar.)—
Rockwell
.
World
)
$2.50
s
Power—
Brummell
3- 3 ?
3-31
4-.1
4-1
4- 1
3- 1
•:-4- 1
$50c
;
Beech-Nut
preferred (quar.)
—.** ?. $1.12^
3-15 ,.,(. 2-28^;
Wood (Alan) Steel-Co.— s:».<•
?■
?:
'■v, (See Alan Wood Steel Co.)
;V-. "Vv'-.
.f;.1
V^
Woodv/ard & Lothrop, common (quar.)
'■>'■
50c
5 3-28
3-17
7%
preferred
(quar.)__
$1.75
3-28
3-17(
Woolf Brothers, Inc., 4y2% preferred (quar.)
56y«c t\ \ 3- 1 ( 2-20
1
250
/
Michigan
(quarr.)
3-10
4Vi %
3-15
2'^C
Corp,
(quar.)
—
—
(quar.)
—i
*——**
Winn & Lovett Grocery (quar.)**i_*.
Wisconsin Co.,
4,/2% preferred (quar.)
(quar.)
River Raisin Paper Co.
(irreg.)
Robertson
(P.
L.)
Mfg. Co., Ltd.—
t:
(quar.)
V
-
A
•
Beau
,
Ltd.
Wilsil,
5
'
Riley
preferred
30c
$1.06Vi
?
^ 75c
125c
25c
$1.12 Vi
_
3-15
3-15.
v
s
Name of Company
Beatty--Brothers, Ltd., class
Class B
(quar.) —
3-10
(quar.)*—.* ;.•
common
(quar.)—
3-
**_,
Republic Pictures Corp.—
1 $1
convertible preferred
Republic Petroleum Co
Inc.,
Stores,
preferred
'
4- 1,^
'45c
*
(quar.)
3-15
V
4-1
—-
$1.75
Quaker Oats Co., common" (irreg.)
s
6% preferred (quar.).****;.****—*—
Ralston Purina CO., common (quar.) ..-—.*_•
3%.%
preferred
(quar.) i—
Rand's
(Pittsburgh) -(quar.)*—*
Rapid Electrotype (quar.)_*_<——_—:—
Reading Co., 4% 2nd preferred (quar.)
Roller
4-
50c
common
Works
Machine
58V3C
(monthly)
...6 7o
(monthly) r——
y 5%
(monthly)—-—
"
Publication Corp., 7%
1st preferred (quar.) '
Quaker City Fire & Marine* Insurance Co.—
CoTp,,
V
i
4- 1
1
25c
convertible prior preferred (quar.)*—r" $1.25
$5
2-28
3-15
40C
::
—
—
-
Wheeling Steel
preferred
preferred
preferred
Reed
7
3-20
1
25c
51
Snowdrift—'——i",
&
-
3-31>
20c
—
Water, 6'A preferred (quar.)*
,
$1.50
Weston
(George), Ltd. (quar.)
t20c
WeyerhaeuseT Timber Co
" ( 50c
Wheeler Osgood Co., common (quar.)
"
15c
50c convertible preferred (quar.)
: 12Vic
Wheeling & Lake Erie Railway**;
75e
Co.—
Hampshire)
(New
4-
—
L__*
Service
25c
$iy2c
(irreg.)
Inc.
Payable of Rec.
Share
7
Westmoreland
3-15
(quar.) —
(N. Y.)—
National Bank ft Trust,, Co.
Public
1
,
(quar.)
Washington Insurance
Quarterly
4-
;
■*,
3-20
Extra
62y2c
__**—
_
Products
Wesson
4-10
15c
(quar.)
common
Company
Oil
7
3-
4-21
15c
•'
__*_
c?er 1 rPen, Holiert
Payable of nec*
Share
-
Name of
Wellington Fund,
Pittsburgh Screw & Bolt Corp.—
Holdere
When
Per
...
Martday,'March 3, 1947
CHRONICLE
THE COMMERCIAL & FINANCIAL
1230
3-
87 V5»C
*
2-20
1
,
■
,
•
i>.. Common
t25c
*
4%
;
Southern & Atlantic Telegraph Co.
Southwestern Electric Service Co.
mon
k
*
for
mon
.
.
dividend.
held
each
five
shares
3-31
Studebaker
3-15
3-
$1.25
4-1
•
com-'7
,
•?:
25c
■
Extra
*—
:
(quar.)
*•*,
Co,
$1
preferred
.4%%
preferred
Time, Inc.
Top
Title
Tailors.
v;
3-21
4-
1
3-15
4-
(quar.)—.—*
4-
Union
Terminal
,3-
40c
$1.50
.
$40c
$15C
pricr
"A"—
Cold
Trusteed
3-
5
3-1
1
3-15
4-
3
1
1
2-15
I-- ;
4-1
3-17
1
V
3-15
2-15 ?
3-
3-
1
3-10
Inc.—
Bond
Fund
A
19c
3-20
Bond
Fund
B*—
17c
3-20
3-10
5C
3-20
3-10
Bond
Fund
Union
Preferred
Union
i
Common
Stock
Stock
Union Twist Drill Co.
United
,**_*
Chemicals,
,_**_
1**1
Fund-*
28C
3-10
3-20
3-28
3-21
'
8/t000ths of a share of Westvaco Chlorine
Products
common
for
each
share
of
<
-
United Chemicals
United
Fuel
Gas
United
Merchants
United
U
Corp.*
Pacific
Extra
U.
S.
(quar )
Insurance
(quar.)
Extra
"
Vulcan
Wagner
,f
?
Waldorf
Wayne
Mold
&
conv.
pfd.
Power, $5 pfd.
Iron
Corp. (increased)
System, Inc. (quar.)
*
Products, (ouar.r
(s-a)
3-
6
2-27
&
Standard
Steel
$3
pfd.
Foundries
Stores
I
Sugar
*
$4.25
preferred
Western
53 Vic
Atlantic
2-17
Atlas
•P-$1
75c
?.
;:'7
Co.
Atlas
Powder
3-14
3-10
Athey
4-
?3-
2
4-
3-14
1-
7
3-14
3-31
•
7
Co.
3-
3
83%c
3-28
3-15
$1.50
s; 3-
'
5c
3-15
2-28
3-15
2-28
3-15
3-
1
3-20
3-
7
4-
3-20
1
75C
3-20
3-
25c
4-
3-14
4-
1
1
5
3-12
7%
3
1-31
3-12
3-15
3-20
2-28
2-13
2-21
*.
3-10
2-26
25c
3-10
2-28
4%
(quar.)
25c
40c
Trust
Co.
$1.75
Barnsdall
Oil
Co.
4-
2-18
2-28
2-28
44
1
2-28
4-
1
2-23
4-1
2-28
$75C
4— 1
2-2»
7-1
7
4-
Boxes,
$$2
;(Wm.X
Company
$75c
____
3-14
1
3-
4-1
3-1
1'
.,3-22
?34L5
1
.".'4—
,
:.'2-26:
?im4 3- lr
5
3- 4
1' W3-1®
3-12
3-24
25c
•■;?"'$4V
3-
.
4-*"
40C
(J. X)..? Company^ common*——_—l—
4- 1
7% ^-preferred (quar.) ___4_4_*444---_-4_4 ? .'-'•$1.75 V
J 3-20
Catalin Corp of Arrierlca (quar.)*4____—_ :
,4 loc
4- 1
75c J
Carthage Mills, Inc., common Jirreg.) *___* ;
:
6%
preferred A (quar.)*-.44*4*4**__4**?; ? $150 r. -4* 1
i4- 1
60c
6% preferred B (quar.)*
4oc ? .'3-15
Central Cold Storage Co._4_____44_-____—_
: I
v
Central Coal ft Coke Corp.—
'
4% preferred certificates of beneficial in.
J
3-14.13-14
:'
terest
Central
Central
;
Steel
»4.15 %
3-10
4-
1
3-17:
&
com.
3-15
2-28
3-15
3-
Chesebrough Mfg. Co.
3-31
3-20
Extra
:
3-
2-14
Chestnut
3-15
3-
Chicago Mill-& Lumber
25c
3-15
2-28
1
4-
$1.04
3-
1
('vi3-l®:
Hi - 2-28
3-14
1
3-15
15c
HiH
RR.
Chicago Rivet &
4-
•
3- 1
(quar.)***^*,
•
__i_i*i**
4-
1
4-
li
;sq3-'8
1
3'
i
:
4?
3-
3-25
3-25
—l1—:—
Co* (quar.)
_\*r
Machine Co. (increased)
~
3-20
T
3-10 •.2-15'
;;
f
(quar.)
__'*i
10c
8
•3-21
"1
Products—
15c
1
.3-15
27C
,,
25c
,
3-20
75C 'I'
(quar.)
J 25c
7
v!) 3-31
'
—
—
5
$2c
7
•2-15
■I-. 3-20
7 3-31
15c
*
4% % prior pref. (quar.y
"
Champion Paper ft Fibre, com. (increased)—
? $4.50
preferred
(quar.)
Chesapeake & Ohio Railway Co. (quar.)****
.
$1.12%
W(re Co., 6% pfd. (quar.)*,:
Service,
preferred (quar.)
Ribbon Mills (quar.)
Certain-teed
(quar.)__4
Mines, Ltd.*____
Central Vermont Public
Century
25c
pfd.
Co.****—4_____**?—
Paper
Patricia Gold
4
3-
Light, 4V2%
13-15
4- 1
$1
^
Illinois
3-10
1
V
"
'
Central
4-1
1
J3-14
•
1
4-
3-17r
? 3- »
•
.
44-
2-24
J?: 3- I;
,4-1
.
s
5-31;;
3-15
f
3-31
,
$50c
;
,
(initial)___——-
(annual)
V
;
1
3-27
$75c
.
—*444?'?
;
/ ?'?'
Ltd.—
;
'
^4—
v
•
$25C I
Co., Ltd. (quar.)* ?
Rand Co.—
25c
*_*III_*I
3-15
$30C
?
?
—.—
*
(this payment clears all arrears)*
4-21
$L
(quar.)
Refractories, Inc
:
Bayuk Cigars, Inc. (quar.)
3-10
45c
(N.
Y.)„ (quar.)
Asphalt Corp.
(quar.)
Barber-Ellis Co. of Canada,. Ltd.
(quar.)
Barber (W. H.)
Co. (quar.)
Earcalo Mfg. Co.
(s-a)
Basic
$1.25
preferred (quar.)
preferred A (quar.)
Barber
1
4-1
;
1
50c
1st
Bankers
3-20
3-20
4-
r
Case
3-17
?: 3-10
37'Ac
Bangor & Aroostook RR., 5% pfd. (quar.)*
Bangor Hydro-Electric Co.,. com. (quar.)*
$i;
Carter
,
3
3-
3-15
15C
$1.06%
2-
,
1
2-28
Inc.
4-15
A
Central
Foods,
2-15
4-25
.
3-12
;
-
Corp.**
>
3-15
.
40c
;
Co
Products
3- I
3-14
3-15
*
2-24 ?
$1
(quar. )____*
3-20
4- ,1;
-?4-:;ljf 13-14'/
$18%C
Ltd., com. (quar.)*
A
(quar.)***.
Investment, Corp., Ltd.—
Carr-Consolidated; Biscuit
3-15
4--1
$41'
.
6-27
2-28
.
3-14
1
1*
2-28*
7
3-5
3-20
$37 Vic 4
(quar.)*—*:-——*—___*_—44'
Carolina Telephone ft Telegraph (quar.)*4_* 7 ??; , $2 .;•'
15C
Carpenter; (L. E.)\ ft Co. (quar.)
?,
4"". 50C
Carpenter Steel? Ca. ? (interim) _4*__
Class
6-27
-
3-10
$1.50
3
-'
!?. 7- 7
,-4f.i?;
•
1
class
Wirebound
Class A
2-28*
4-15
:
Canadian
3-20?
3-
3-14
■
3-5
4- 1
4-
4
(quar.)*.**—
Canadian Pacific Railway Co.*
3-17
l.->
3-28
;
;
,.,
Canadian .Ingersol
5*
40C
Refining
—
General. Electric
Canadian
3-20
$1
12Vic
1
1
37 Vic
Corporation
3-10
s-4-
$1.
$1.50
$1.75
Coast Line RR
2-17
•
Foreign
Quarterly
2-15
4-15
$2.25
Gas
com.
(quar.)
convertible
Canadian
2-28:
1
1
4-
,;>•
(quar.)*****
Armour & Co., $6 prior pfd.
(accum.)
*
Armstrong Cork Co., common (increased)**
$3.75
preferred' (quar.)*
Ashland Oil & Refining, common
(quar.)
*
•4Yt%
preferred- (quar.)
Atchison Topeka & Sante Fe
Ry., common*
Atlantic
4-
$2.25
Anheuser-Busch, Inc. (quar.)__****:
;_**.
Apex Smelting Co. (increased quar.).*
6-
3-15
$1.75
(s-a)
,
1
*f::*
'$750 4'
$1
2-21
2-21?
7-
2-28
2-20
3
'
$50c
(quar.)
;
(quar.)*>, :'4; $15c (?
$$1.75
^
Ltd.j registered
Permanent
6% '.. preferred
1
3-31
50C
*
2
3-15
2%C
3-1
3-
3.
Mortgage Corp.—
.?:
>
7X $$2
(Toronto),; (quar.)
4*
Canadian Breweries, Ltd. (quar.) ***^
444? ;$37Vic
Canadian Cottons, Ltd., common (quar.)***
$45c
3-31
$1.13
pfd.„ (quar.)*
(quar.)*—
pfd. (quar.)
American Vitrified Products,
pfd. (quar.)
American Woolen Co.^ common
(Irreg.)
7%- preferred (quar.)
$4 prior convertible preferred (quar.)
Amoskeag Company, common (s-a)
2-27
1
10c
3-15
(quar.)
preferred
Canada
12- 5-
!
3-15
:
> 35c
Refining, 7%
4-
3-15
$1.25
6
9-15
A
Canadian Food Prodacts,
:
3-
'
6
9-
'.7%
5
6-
12-15
37yac
(partic.)—H
4-
<
3-
6-16
I
$1.75
*
Co
3-15
15C
3-15
>
IOC
50C
,
Northerxi Power Ltd.,
5
Sanitary
B/G
$3
Malting Co.,
Canada
37yac
1
(quar.)**
_
Electric
Screw
3-13
10c
Canada
$1.75
3-
(accum.)
Class
2-20
3-
$1.75
2-28
3-10
■
$37Vic
3-31
3-15
$1.75
"v7
3-17
.
&
*
$17 Vic
IIII"IIIII
Virginia Electric
6
50c
(quar )
*
6%
3-
$8.75
Corp.**..-****111111*.—*
Corp.,
3-11 :
3-13
$2
I
Veeder-Root, Inc.
Boat
3-10
1
12 Vie
__*
(quar.)~
Upressdt Metal Cap, 8% preferred
Utah Oil Refining Co.
(quar )
Ventnor
1
4-
$1.50
''*!
***11111
Freight——*******
Match
4-
25C
•
'
Inc.
1
$75c
—
«—'._*u**.
Drug,
3-
30c
quar.).
U. S. Trust Co. (N. Y.)
United Steel Corp., Ltd.
Universal
3-14
•;
Inc.—
—
United-Rexall
held
20c
Mfrs.,
.
American
Arkansas
*
&
(increased
Extra
•
stock
Investments, Ltd.
United
Common
common
2-28
4-15
2-28
25c
(quar.)
—
dividend")—™"
(stock
3-10n
,
•:;'-2-27*'?
8
3-1$
3-10
500■
1st
3-15
;
■
—
3-10
50c
(quar..)—.****_,
Inc.
3-20
lie
-
Fund—*
3-
1
4Vi%
':y:*l :?■)
.
C
"X 3- 3
3-10
,m
2-21
?
•
—
3-
4-
97 Vic
American Telephone & Telegraph
American Thermos Bottle, 4'/4%
2-28
Union
Union
3-
20c
*
■
Chemical, class A (quar.)
American Service Co..
American
6
..Union
(
4-15 •;:?
i
1
Life, /Insurance— ;vi ?
Co., Ltd.—
preferred
(quar.) ***—»*—*** ,J$1.12Vi
5%
class B (quar.) ____4
$62Vic /
Canada Cement Co., Ltd.—;
•. r
s. '
•
$32 Vic
.$1J0 preference :(quar.)*.
Canada Crushed Stone, Ltd. (quar.)___**—* ?;
$ioc
15c ?;
Canada Dry Ginger Ale, common
$4.25
preferred
(quar.)*—.4—
$1.06%;
Canada Foundrie3:& Forgings, Ltd.-?*?,'
? 4?
••
4-25
,*4-
?4-,;l_7
.3-1®
;
Canada Bread
r
10c
3-
$1-
common
common
American
*
2-28 7
3- 8
3-15
3-20
V444V4^-44*44*-w—44**^*—y.y -V.50C
Camden ' Forge Ca.^-.common:..(quar.);4*44444,.-;?.??:^•,(- 15c
5 Vi % preferred (quar.) _^-*-«.***—-4---J4 ??: 34%c
3-15
50c
(quar.)**
Radiator
Corp.,
3-14
(guar,.) 4*>. *■ ■* **..*•v-v
States
'
1
15a?
50c.
7:50c.-'
.
K's;
Extna
2-27-
3-25
,
•
—;
'(Semi-annually'. 4*4_***-^*4*-*^-*-^--*l4-.::.
7 %:
IOC
(quar.)*
American
3-14
1
3-
50c
'
(quar.)****
preferred
R
California-Water./Service
Oalifornia-Westera.
2-24
1
3-12
v,
f 2c
,
(quar.)**.:
preferred
•Class
■
?\'??;.v 25c
*
(increased)
7%
3-14
3-
(s-a)
Co.
preferred
75C
2c
(quar.)****.
A
& Foundry,
(quar.)*'.
American Potash &
,
(quar.)
Co;
4-
(s-a)*-*^'.?^;..? 'tSciii;
Mills*******—__**4*—*— 4 p
California Ink
:
;:;rv:.;'?..Jiv'
?.7%
3
4-
•
^?75c
'
2-22
4-
500
..
2-28
3-
i'
Co
(bi-monthly)
Paper Goods Co.," 7% pfd.
American
7%
3-10
'
3
Inc. v: (monthly)
class
Machine
News
4-
Corp^. Ltd.
California?; Cotton •
• •
3-8,
3-31
$1.18%
•
Co.—
preferred
American
Oalgary ft Edmonton
2-18
3-311
•3r20
V7'- $3
?,V->? 50c J'v
.i
—
SS.
American Meter Co.
.
*****
Funds,
1
;
L
.v
v,
(quar.)**
(quar.)*
non-cum
3.90%
4-15
Leather Co.— r.y-:: 'i
&
Locker
American
3-10
25c
(quar.)*
Storage—
preferred
$1.50
?
??
2-28
-
vJ-,
Laundry Machinery Co.—;
American
I
.
**___*
(quar.) i^_*_.
Hydraulics
American
5
3-10
3-12
$1.50
?
;
__
4%
6
3-10
3-31
3-10
.***_*
,■
3-
Building Co.—
Co., com.
v
3-15
$1.12Vi
V.-
3-14
3-31
"Class A (quar.)*
7 ' ?
$15c
Torrington Electric Light Co. (quar.)*******
62 %C
Traders Finance
Corp., Ltd.—
?,'. 4%%
preferred
(quar.)*,
$$1.12%
Light & Power
Mart
American Insurance Co. (Newark, N. J.)
Extra
Y.y
Bros., Ltd. (interim)*———
Toronto Iron Works, Ltd., com. (quar.).
Union
3-
;
1
? 3-31
?
$7%C
Tooke
Shares
4-
3-15
50c
,
***
(Los Angeles)**
Corp.**—_**___**___
Gas Electric
3-15
"
-
Hide
preferred
American
3-20
3-20
?
$1.06%
*
Tucson
6%
"
:
2-18:
y-
3-11
45C ■7/'
$1.75
(increased)
com.
3-11
$1.50"
(accum.)*
?—
Co.,
_.*___—
preferred
3-15
4-1
$1.12%
& Trust Co.
Trans-Canada
1
3-30
50C:
**__
Co. (San Francisco);—
preferred (accum.)
Shipyards
3-21
pfd.
(quar.) I--.*i.-V*_*_i.___*—
Furniture
preferred
American
1,
31 Vic
(quar.)
Ltd.
I
Hoe
$6
American Gas & Electric
3-15
1
25c
(quar.)
B
$6
&
preferred
American
4-
20C
**,*-—*;.**'**—«***
Title Insurance
.
4 Vi %
Fork
•
4-
_*,,
Guaranty
$7.50
Todd
American
3-10 7
I
Foreign Co.,
preferred
(accum.)
$7
>
&
American-Hawaiian
*_*___**
common—.
preferred A
4%%
(quar.)
3-20
,
.
8
'•'?■
25c
(increased quar.)**
Thrifty Drug Stores,
.
3-
1
-
—
—
American
4% %
35c
___.*—_—**___***_***,*_
convertible
Thermoid
>
2-28
4-
4-
25C
? ?
Products
Co.**—*_*****—_**? S-;;.,-: 20c
Telluride Power Co., 7% preferred (quar.).*, ••,, $1.75
Textron,
Inc.,
common
?._*_.*
25C
Tip
?
3-10.,
;;
3-12
-
;
Tecumseh
>
3-31
3-19
?:
;
3-17 v
3-29
"?"V,
'
3-17
3-31
35c
*.v
Tool
Taylor Instrument Cos.
.
-
4-1
__*__*,
*
5%
2-28
•
3-14 -
__*
l"
4-15 "
3-15
3-31
Machine
-
.
•
old
(quar.) J*—*—**
Superior Steel Corp.*^**—
Sylvania Electric Products, Inc.— 7
Common
(Increased)
*_*_***■**__***
t $4
preferred (quar.)
1
......
25c
Sundstrand
.
5
—
4-15
_*
,
.
3-15
t,
—
Corporation
5
Corporation "*__*:.*—*****
Sunbeam
*
3-15
1
33c
Sprague Electric Co.. (quar.)*——
~2Cc
;
: $1.13
Springfield Fire & Marine Insurance (quar.)
,'
20c
Square
"D" Co.—
Stanley Works '..*
.*i_
*;
50cr
*?•:
Sterling Motor Truck (irreg.
'25C
Stromberg-Carlson Co., 4% conv. pfd. (quar.)
50c
.
3-
4-
*
com-'
new
of
3-31
62 Vac
/
(s-a)—,
Eight shares of
3-31
4-21
; 31'Ac
(s-a)_
Southwestern Gas & Electric, 5% pfd. (quar.)
Southwestern Public,. Service Co.— ^
> Stock
4-30
f50c.
(quar.), 1—
preferred (quar.)———*
Sonotone Corp., $1.25 conv. pfd. A (quar.)
...
4?
3-31
2-20
3-15-
3-15
2-25
3-
4
Number 4573
Volume 165
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
Navie of Company *
/,/?
\
When
Share
Holders
■Quarterly
Name of
,
J
Company
•:
3-15
3-
3-15
Eddy Paper Co., Ltd., class A (quar.)
Common (irreg.)
,4,
Edison Brothers Stores, common (quar.)
4y«% participating preferred (quar.)____
2-24
$1.75
4-
I
1
2-24
El
Dorado
El Paso
Oil
3-15
t$ i
3-31
3-15
3-12
2-28
Harbison-Walker
Gas
3-20
6%
preferred (quar.)
Harrison-Wholesale Co. (quar.)
$1.25
6-
2
5-15
Electric
Boat
$1,25
9-
2
8-15
Electric
3-31
3-14
Electrolux
"X15c'
3-14
3-
Eleven
$1.75
5-15
5-10
$1.75
8-15
8-
(quar.)i_
Co
3-19
3-
60c
*
3-31
3-12
4-
preferred (quar.)
,
—
7%
1st preferred; (quar.') _—
7%
1st preferred (quar.)—
_
'Vfc 2nd preferred (S-a) ——————__
Clark Equipment Co.,' common.J
5% preferred (quar.)—
_
Cleveland' Electric Illuminating
1st
7%
$1.75
(quar.)
3-15
:.-;.r $1.25
3-15
Colgate-Palmolive-Peet
Harshaw Chemical
Co., common
Hartman Tobacco,
$4 prior pfd.
2-24
4-
1
3-
5
4-
1
3-
5
■■/,
3-20
'25o
31 Vic
2-17
2-13
3-
*
53 VaC
3-12
3-31
1
.preferred'^
Dentists Supply Co.. (N.
■
;^i' :7%
preferred
1%
Denver
Goods,
Dry
Di Giorgio
4-
3-31
2
2
6%
8-1
-2
3-10 2
i 3-
'
3-21
3'•
3-15
22
B-
1
17 VaC
12- I
3-15
$1
'
3- 1
3-31
;
4-
1
3-19
Y
2
7- 12
2
3-13
15C
4- 1
56V.C
Co.———
4-15 2
4-
3-
$8
3-15
2
3-20
7
3-15
3-15
.
3-10.
2-28
250
3-15
2-
10c
3-20
3-10
$25c
Builders
1
2-10- 1
10-
1
12-23
<
5%
5-5
5
y;
11-5
11-151
2-28
3-15
New
Yi
2-21
2- 3-17
8-15
?
1
6-20
2
3-
5
2-20
■*2
-3-15
Class
.
8-15
7-
Class
2-24
If: 25C
3-21
2
62y2c
tf-i;
;•
4-
3-
1
.
B
Class B
Class
Gisholt
B
5
(quar.)——
(quar.)
Xquar.)
'3-10
Corp.
(quar.)
^
$25c
8-
-
'■ Extra
<*%%
8-15
2-15
4-
■;
"425C 22 4- 1
•
Driver-Harris
C0.1
(E.. I.)
Common
y2 %
1
: 4-15
4-15
'"'44: 1
4-15
4-
.
Bradstreet, Inc.,
preferred
3-12
3-14
50c
—
2-24
2-20
1
3-20
-
4-
$1.12 V2
(quar.)
1st preferred (quar.) .2
Plastic^ & Chemicals, Inc. (quar.)...
Dutton (C. H.) Co._l___
1.
®agle Picher .Co.
(quar.).
Eastern Massachusetts Street
X,, 4-15
3-15
3-15
2-25
3-
7
2-21
3-10
$1.25
iJurez
2-17
15C
-
5c
30c
Railway—
;
*,
•*
6%
;
1st< preferred A
par
and
no
par
value
$2
par and
no
par
no
par
6%
preferred
Co.j2com.
(quar.)
5-
..
4-
2
:
2
7
,10-
2
9-20
4-1^ 3-20
_
$1.75. IX- 4-71
quar.)(
$1.50
<
-
3-
5
3-
-
4-1
5 X.
:
—
•
/
.
'
.
"v
'
1
4-
7
4-
7
j7;
preference
6%
3-12
8-
25c
3-12
3-
A
B
25c
4-
1
3-10
Johns-Manville
3-10
Jewel
(quarj
$1.50
4-
1
$1.25
4-
1 v
$1.50
4-
1
3-15
3-20
Y- 3- 5
3-29
3-15
5-30
$1.12 Va
r
25c
:
15c
mm
***> f*,"
•n
2-26
3
4-
3
2-26
3-20
3-10
4-
1
3-12
50c
3-12
2-28
16 VaO
3-10
3-
4-15
3-15
$37 Vac
4-15
3-15
$1.50
3-10
2-21
30c
3-10
2-28
4-15
3-15
3-24
2-18
3-20
2-18
4-
1
3-10
3-31
3-15
$1.25
_____
r
$1
$10.50
-
50c
:
$1.25
_
1
,
30c
3-15
3-
/X $750
4-15
3-15
25c
1
2-28
3-15
93%C
3-15
2-28
25c
3-15
3-
30C
3-12
2-24
30c
6-
2
6-10;
9-
2
(increased)__
Co.
(quar.)__
;
30c
—____
'■!
8-
1
9
30c
(resumed)
12-
1
11-10
25C
4-
1
8-21,
3-10
2-28
4-
1
2-28
x$1.75
4-
1
2-28
Xl3/4%
4-
1
2-28
xl Va %
4-
1
2-28
V* %
4-
1
2-28
50c
3-10
2-20
$1.25
3-28
3-14
35c
3-10
2-20
60c
3-20
3-
30c
7
$17c
(quar.) _______________
(quar.)—
xl
_______
Company,
;
: 3-15
(quar.)__—
common
Inc.—
common
'
X/:";/7;i;'
Y
(quar.)_—
6
4-17
1
$1.06 Va
;_
Corp.
5-
■-■■■
(quar.)
3-10
3- r
3-15
2-27
75c
;
7/
5%
1
3-15
Kalamazoo
7-
1
6-14
9-15
Vegetable
Kawneer
Company
1
3-15
7-1
6-14
Kendall
9-15
Kern
2-1*
Kerr-McGee Oil
10-
1
3-
1
25C
3-14
3-20
County
preferred
1
$1.20
1
Industries—
3-
1
3-12*
Kilburn
1
3-12*
Kimberly-Clark Corp., common (increased)4% convertible 2nd preferred (quar.)___4%% preferred (quar.)__—
King-Seeley Corp., common
—
5%
convertible preferred
(quar.)—__—
Kinney (G. R.) Co., common
Kinney Mfg. Co., $6 non-cum. pfd. (quar.)_
Klein (D. Emil)
Co., Inc. (quar.)_
Kresge (S. S.) Co. (Increased)
Kroger Co., .6% lst preferred (quar.)
6%
1st preferred
(quar.)
_____
6%
1st preferred
(quar.)—
7% 2nd preferred (quar.).
7%
2nd preferred
(quar.) MM Mt «•> U —mm a* mm i*. ■■m m m
7% 2nd preferred (quar.)
x//.;
1
3-10
$1.
3-18
2-17
$1.25
3-15
2-17
$12VaC
3-15
2-15
,$12 VaC
3-15
2-15
8-15
2-15
75C ;
3-15
3-
25c
3-15
2-28
4-
15c
10c
1
/>
3-20
2-20
3-14
;
1
;
4-
$$3.50
'
3- 4
I
3
3-20
3-
50c
3-
5
2-25
;
50c
$1.06 Va
4-
1
3-11
4-
1
3-11
75c
4-
1
3-16
25c
3-20
2-28
10c
—
3-15
4-
1
$1.25
4-
1
$1.50
4-
1
3-20
3-15
3- 4
30c
$1.10
1
3-18
S
$20c
6-
$20c
9-
—
1
5-
1
1
11-
3-17
15c
3-15
'
I
3-
3
3-
5
3-15
$1
2-28
3-15
25c
'7-
2-28
$1.12 Va
4-
1
3-10
$1.06Vi
4-
1
3-10
25c
1
.
La Plante-Choate Mfg.
La key
3-10
2-19
15c
3-10
2-25
*
'
'
t.
■
3-15
Foundry
Lake
Shore
Mines,
preferred
$2.50
Lanett
Landis
'
2-20
2-28
3-15
2-28
$2.50
(H.
1
4-
$1.12 Va
I
3-12
1
20c
4-
2-28
3-15
25c
1
3-25
25C
3-12
3-12
v
3-15
3-10
3-15
3-10
25c
4-
1
3-20
50c
3-12
2-18
1
3-15
$1.50
'7
4-
$1.50
$1.50
7-
6-18
$1.50
10-
9-15
5-
4-15
'
$1.75
•
$1.75
r
8-
7-15
11-
$1.75
10-15
3-31
3-10
4-
7
3-24
$$1.50
4-
1
3-21
3-15
2-15
$6 preferred (s-a)
5
3-15
3-
62 VaC
4-
1
3-21,
$3
5-
1
4-30
___
—
Co.,
(quar.)—
—:
—I—__
Co,
(quar.)"
preferred
(quar.)
Company
(quar.)
$1
3-14
2-25
3-14
2-25
5-15
5-
5
8-15
8-
5
11-15
11-
5
.3-15
2-26
5c
•X.
(quar.)
' nit — —-Tn-r-— — —^
50C
25c
i-rr-tTT-f^T**1-^^1*1"*^"— —'
25C
25c
.nm
Machine
D.)
1
4-
15c
—
(quar.j"
Extra
4-
$1
$18C
Lang (J." A.)~&~ Sons, Ltd.
Langley's Ltd., 7% conv. pref. (accum.)—7%
convertible preference (accum.)
7%
convertible preference
(accum.)—
>
7%
convertible preference
(accum.)
Leath & Company, common (quar.)
Lee
2-27
3-10
$4
35c
25c
-n.M
Lane-Wells
8
15c
<quar.)_
Bleachery St Dye Works
Ext 1*8/
2-25
3-15
15c
(quar.)_
(quar.)
(M. H.), Inc.,
3-18
3-19
Lamson & Sessions Co., common
Lamston
3-
1
50c
Co._—
Ltd.
3-31
4-
25c
Machine-..
&
5
3-10
$1.12 Va
——-
Lake St. John Power & Paper, Ltd.
1
8-
12- 1
25C
Lamp Co—
(quar.)"--
Quarterly
(Canada) —
2-28
1
X.- 30c
4-
3-28
3-
4-
:
3-20
3-15
■/'
7 7
4-
3-31
3-15
Y
Mills
1
50C
Keystone
3-10
6
2-28
3-15
30c
30c
3-28
6
3-
■3-
7 3-10
$1.12 Va
(quar.)_
convertible preferred (quar.)
Steel St Wire (quar.)
3-
■
3-
1
15C
—
—.—._
______
__—
4J/a%
Land Co
Company,
3-
•k
(quar.)
50c
/
V
30c
7
3-15
75c
44-
Y
12 VaC
Parchment
Co., common (quar.)
preferred (quar.)
$4.50
50c
$1.25^
Katz Drug
1
v
•
—
Joslyn Mfg. & Supply, common________-_—
Joy Manufacturing Co. (quar.)__—.—
4-
•
10c
(s-a)
Laughlin Steel, common
preferred (quar.)
&
Jones
4-
50C
—————
(quar.)...
4-
21c
(quar.)
preferred
10-
/"
Y.v.'.
■
2-18
2-18
5-27
21V4C
—
3-31
common
Lake
Tea
4%%
1
*X
2-18
3-31
7. Va %
(quar.)
(Del.)
Sulphur Co.,
preferred (s-a)
7%
k:'
1
3-31
Johnson & Johnson
preferred
Jefferson
!
$20c
—
Co.,
Jamaica Water Supply,
$5
3-15
35c
—
3- 5
,
'
3-15
4-
>
Jaeger Machine Co., new common (initial)
Jamaica Public Service, Ltd., com. (quar.)__
3-15
——z—<—-■——
convertible
1
v
5-1
30C
preferred (quar.) ——
Hammermill Paper Co., 4%% pfd. (quar.)_
4(4% preferred (quar.)—
Hammermill Paper, common
(quar.)..—
Hammond Instrument Co.- (quar.)
4%
3-20
4-
$37 VaC
Manufacturing
6-15
Hamilton Watch Co., common—
6-20
25c
.
.
/> 7-
M.)
Fireman
5-21
$20C
(C.
3-20
3-31
k: 4 Vi %
Quarterly
:
Quarterly
Quarterly
Irving Air Chute Co.
6-12
Hale Brothers Stores, Inc.* (quar.)
3-20
7
.
7
1
25c
_
25c
2
4-15
25c
(quar.)
(increased
9-
12-
;
1
Hall
(quar.)_
value (quar.)
$1
preferred (quar.)_._
»«tmari Kodak
■*
12-15
2
Iron
25c
15c
(increased)
——
GreyhouRd Corp. (Del.), common (irreg.) —
4Vi% prelerred (quar.)
Griesedieck Western Brewery Co., common.,
Grinnell Corp. (irreg.)
——-Grucn Watch
(quar.)
—
Guantanamo Sugar Co., $5 preferred (quar.)
Gulf Power Co., .$6 preferred (quar.).—_
Gulf States Utilities, $4.40 pfd.
(quar.)—_
'Quarterly
Quarterly
(quar.)..
(quar.)
2-18
Paper
Gypsum Lime & Alabastine
1
6-
9-15
$1.50
$6.50
value
$2 par and
,
3-
6-16
$1.50
il" lst Preferred
$2
^
$1.50
B (accum.)
7*?™° Racing Association, Inc.—
m
"*
3-15
$1.50
(quar.)
lst preferred A (quar.)
1st preferred A
(quar.)
lst Preferred A (quar.).
3-31
3%
Utilities
creference
;Y
-
Planting Co.
Association
preference C
preference D
—-
Northern
Service
preferred
Southern
3-12
Company, class A
Lakes
Public
$3.75
Iowa
$1.50 f.
—
Accumulated
Great
Iowa
>
25c
(s-a)
Quarterly
Great
20c
5
$50c
4% pfd. (s-a)
Interstate Bakeries Corp., $5 pfd. (accum.)
Intertype Corporation (increased)
Investment Foundation, Ltd.—
6% convertible pref. (quar.)_____
5%
(quar.).—
Oo
8
$1.50
—
Inter-Ocean Securities,
1%
15C
Great Britain & Canada Investment Corp.—
4-10
3-10
$1.12 V2
(quar.)
2-23
4-25
$2
...
common
2-20
•
.
•
...
*•
3-20
Mfg.
7
2-
t40c
2-13
1
3-10
$1.25 / V, 5- 1
X
5-1
93%c
150
* W**
2-
3-10
4-
(quar.)
(liquidating) ____
Co.; of Canada, Ltd.—
Nickel
3-20
4;
75c
/;:YX15C
——• mm***
3-10
50c
60c
$75c
Quarterly
7%
$1.75
(quar.)
Graupner (Robert),.6% preferred (quar.)—Great American Indemnity Co. (N. Y.) —
*
1
3-10
4-
iquar.)
International
2-26
5
$50C
B
Grafton ,ft
i
■■•"" 3-21
4- lY".
k Gorham
•7
'
,:;2 75C
2_._.
....
Duquesne Light, 5%
6%
Class
2-20
certificates
3-12
3-
2-14
;'
.
—-
common
3-20
3-10
Harvester Co. (increased quar.)
Realization—
5-10
Y'i-v 15c
Extra
7
6-15
de. Nemours & Co.-—
(interim)
.
2
2
50 preferred; (quar.)
4
3-
*
1
75c
•
-
,
3-
Company,
3-
3-31
Match
trust
6-24
r'
Goodyear Tire St Rubber, common (quar.;—
nk $5 convertible preferred (qu v.)
Gordon Maokay Stores, Ltd, <_*./ 9 A (quar.)
5
3-14
(quar.)....... t$lV 12%
Co., common (quar.).....
A
(quar.).__
2222 $1 ;
Dow
;Drug Co., 7% (preferred (quar.)
'_r 2'" $1.75 2
Drackett Co>. 4%' preferred (quar.)
7 '
50C
_i—
Brcwrys, Ltdr U. B. A., Inc. - (resumed) ..... '2'22 10c
•*£
3-
1
4-15
224* ;12
y $4:
preferred
Pont
Y-
'
,
convertibles preferred
Dow Chemical
«u
6-30
3-17
Voting
8
3-20
90c
$$1
...
(Ont.)
preferred
3-15
56 Vic
preferred (quar.),..——
—
Goebel Brewing Co*--,",(quar. 7.^7, 5C
XY.,"
5c
$1
Golden State Co„ Ltd. (quar.y..
—
3-31
$31.75
$50c
Glidden
3- 1
20c
Business Machines (quar.)___
Cigar Machinery Co.
3-15
4y2%
6-30
•
1
>'■
'
8- 1
;
$32yao
(s-a)
1
r 5-1
'$$1.25
(quar.)
3-31
Z
t>
$$1.25
preferred
1
1
iri 3" 8
3-31
participating
50o
•
2-28
5-
$$1.25
Donnacona Paper Co., common
3-
8-10
2
$25c
preferred
^7%
a*.
3-10
15c
'•'"'15c
2-21
3-27
(interim)
250
'
(quar.)
Co.
4-10
$1.12 Va
i.
25c
(quar.)
(quar.) ...:—
& MaTine Insurance
Machine
5-15
3-15
4-
$10c
25C
*
■
Gleaner Harvester
;;■
3-21
3-25
31V.C
(quar.)
Gibraltar Fire
';
•
Brewing Co., class A
A
7
3
2-21
/
Y.Y:;:■■■>::' '-Y'v-.;
(S. A.), preferred (s-a)—
i Class A
Y'.;'
3- 3
YY 3-
1
Railway
Genessee
■f
2-28
8-25
2
4-
$2
—
.yjyS;
(initial quar.)—,
3-15
4-10
(s-a)
15c
(quar.)
common
Gerrard
2-28
3-152
'223-112'
1
20O
Signal Co., common——
6%
preferred fquar.)
Georgia Power Co*,. $5 preferred (quar.)
$6
preferred
(quar.)—
—«
Gerber Products Co., common (quar.)—
;
4y2%
preferred (quar.)_—_—
22,4- 1
8-
4-
1
8- I
3-15
62 Vac
1
3-
3-15
25c
68%0
—
Phoenix Corp.—
General
General
8-25
(quat.).
(quar.)
Dominion Stores, Ltd. (increased quar ). 2..
Dominion Textile Co^ Ltd., -com. (quar,)..
'
4-1
—...—4."
preferred
6%
12-23
500
preferred
ha-5%
1
$$1.37
'
p;$> Common
4-
3-
>
Supply
Common
I
7-
1
$$1.25
—
f
-4-
1
1
1
5-15
;
International
,
3-
3-12
$1.06 Va
...
(quar.)
preference
International
1
7
$1
V:
International
1
2-15
—
Motors, common (irreg.)
$5 preferred (quar.).
8- 1
:YY-'Yr$3.75 preferred (quar.)
—
2-26
General Outdoor Advertising, common..—
'
7.
K-:''
58-
2-28
50o
Extra
6%
1
yVy-y.
Co.—
(quar.)
Breweries
International
3-31
5-15
8-15
3-14
General
3
3-
4- 1
}
4-15
3- 3
—
3-11
:
4-
50c
1
3-21
,25c
,
convertible
5%
'
3-20
2
:2
3-
.
$1.06V4
preferred (quar.)
Corp.—
preferred (quar.)
General Candy Corp.
(quar.)
General Cigar Co., common
General Finance Corp., 5% pfd. A (s-a)
General Fireproofing Co., common (quar.)_
7%
preferred (quar.)
—
3
Park
Common
;
Corporation
General
7
3-
■
1
g
2-27
$1
Indianapolis Bond & Share Corp.
Indianapolis Water Co.—
/ <' ,7'
5% preferred series A (quar.)
Industrial Rayon Corp.
(quar.)
Industrial Silica, 6%!% pfd.
(accum.)
International Bronze Powders, Ltd.—
3-21
I
IOC
—
5
3-31
3-14
iS;
4-
10c
Company
Steel
4-15
3-
7
jX/i":; BOnUS
1
—
,
6-18
V4-
4-21
1
'
2-15
XX3- lk'
110
l'_l'._
E.) -Co., 'common-..--.—
preferred' (quar.)
Gatineau Power Co., com.
6-18
7- 1
2
$1
$1.50
"
3-15
,
convertible
————
3-18
4-25
$3
Imperial Tobacco of Great Britain & Ireland—
X /
Ordinary
(final)
3-20
Sixth
3-28
...
preferred
6%
'
(quar,)———
(Increased quar.).
S%
preferred
(quar.) j—
5'/a %
preferred (quar.) j.i_———————
Gaylord Container Corp., common (quar.)_
5y2% preferred (quar.)
—...
General American Transportation Corp——
General Baking Co., $8 preferred (quar.)
General Bronze Corp. (quar.)..:—
—
3-14
8-18
12'/2C
,.'■
3- 3
3-15
4-1
Garrett
•
2250
(quar.) i
30c
10C
62 Vac
12%0
Gabriel
'
'3-17
3-31
35c
com.
3- 5-k
3-20
West
Corp
preferred
Interim
2-28
3-20
3-29
Quarterly
Fullerton OH Co.,
••
4-15
4-252
•
Fruit,* class A
Dobeckmun Company
Boernbecher Mfg. '(quar.)
Dominion Malting Co., Ltd.,
1
3-10
25C
2-21* Y-YGabriel
3-15 -1
2
8-15
■.r-
3-
3-15
,
'
•
25c
25c
Imperial Tobacco Co. of Canadu, Ltd.~~
/Ordinary (final)
i
1
3-10
-M 50c
...
3-
25c
Steel—
Investors'
3-10
•'
3-15
(R.
Oil
Electrochemical
6%
;
8-6
*
2-20
50C
2-28
$15c
4(4%
Hyde
11-20
25C
>
8-20
,
:
2-21
17 VaC
Friedman1Louls)RealtyCpfp*,.(quar.)
;
1
3-312'
.',,■ 4-- 1
75c
X
5-20
-
$15c
3-10
Y
1
;
* .•
3-15
,
50c
•
3-15
25C
(annual)
Huron & Erie Mortgage
Extra
:—.—
8
"X 4- 1
4%%
3-20
-
3-15
5-15
...
3-
20c
Four-Twelve
:
3-31
3-17
,f
2-25
87 VaO
Fuhston
3-31
V.
v
2-28
j_„l
Kleiser Co.—';r
Fundamental
:
2-28
;
500
S
Y
3-25
6-
Frontier '"Industries • —l—j—'.d-.—
1
3-12
Y
$1.12%
.....
3-20
3-15
'■17VaC
America.Ltr—
Fostorla >Pressed
1
4-15
■:2
3-31
2
2-28
prior;;preferred;;,(quaf.-
Foster &
34%C
25c
Company, common
preferred (quar.)__
Lighting & Power (quar.)
Hudson Bay Mining & Smelting, Ltd. (quar.)
Humble Oil & Refining
i
Hummel-Ross Fibre, 6% preferred
Humphreys Mfg. Co
common
(quar.)
"
$1.75
(quar.)
Cc.
(quar.)....^^^*.-.....^
(quar.)
Y
-
'•
3-11
of
Co., Ltd.
Houston
*
8-15*
8-
Mills
2-25
Hoover
7
25c
Iac;f common (quar.)
preferred '.;tquar.)___,
YFbrt** Wayne 'CorrugatM^PapferYCo.--^
4%%
preferred
.
preferred
8-12
3- 5
':(s*al_.: ;:// 40C
tquar.j
Co;
3-15
.
.4(4%
30C X
Corp.....—...—,,
$2.50
-
'2-25*
3-10
'2 $1.75
partic. preferred (s-a)
Dlsston (H.) & Sons,-Inc, (quar.) ._li
Distillers Corp.-Seagrams, Ltd. (quar.)..—
Dixie Cup Co,, common
A
Florence Stove
3-14*
3-15 2
2'
$1
:
3-10
8-13
Florida-Power Corp. ^quar.ll.J——i—
Flour
4- 1.2
3-29. 2
y
3-15
2-28
Food Fair Stores,
$1.75
$3
Class
a
•
10-15
(accum;)
,
223-142
3-31
11- 1
7.4-' 1
Corp.i——:
3-28-
,
3-15
7-15
7
i
$$9.25 *
Co.t—__—: /X: 75c
Smelting
& •Gatf
2-28
3-14
4-1
25C
1
Water
Enamel
;
'
2
vY 4-15
1
75C
Stores, 7% pfii; .(quar.)
preferred (quar.)__—_—
; 7% * prelerred .Lquar.j
'
Flintkote Co., common {increased)—
-v$4 preferred ' (ijuar.)
3-12
3-28
i
Corp.-.———
Co; *of ^Canada—
7%
;
0- T
V
1
$1
:
Fitzsimmons
8- «:
•
.
3-31
5-
50c Y
Y
Lld.jZs%^%.1)fd.
3-
2-15-
25c
$5c
Hooker
'
Federal
5.
3-15
1
Fire .Insurance
Federal OrathYCo:;
Federal Mining. &
7
8-20
*]k-1
2
3-
.
1
350
Class; B'
'
-
3-15
3-15
(quar.)_
common
3-14*
1
25c
.
8-
(irreg.) r_
3- 1
4-1
2
50c
.
50c"
Mogul
>Y'";Federal
3.
$1.75
4>/2%
8
6-10
4-
30c
Extra
-Quarterly
2;
250
—
Dewey & Almy Chemical..:
Diamond Alkali Co. (quarr)i____
Diana Stores Corp.
(quar.).
'
Honolulu
First Bank'Stock Corp.
.250.
preferred
Oil
3-
3-31
.
4quar,)__k...u^^^-.^^«
.
3-15
Federal
3-10
^
3-31
(quar.)
Devonian
4-
9-1.0,
$25c
2v
preferred
5%
$2.50
2
50c
preferred
-15%
Home OU
3-15
-
Detroit-Michigan Btove Co^-~
5%
3-15
Ferro
$25c
;
preferred quar.)
preferred (quar.)
7%
3-31
6-10
30c
2:
,
(quar.)
37yac
2
750
-'preferred-;/(quar.)'^wv--'-^!^fe-^^4':'
':7%
3- 8
•
5
3-20
6-27
25c
1946
3-22
9-15
$i.i2ya
..
3-10
3-
7
1
4-
50c
Hollingsworth & Whitney,
$4 preferred (quar.)
.Quarterly
:
Faultless -Rubber Qo.
-
2-27
3-15
25C
i
2
Y*)—^
3
3-10-
2
1-30
6-15
$1.25
;
■:
3-
2
4-
3-
2-27
3-15
$1.75
(quar.)
Hudson Co. (quar.).....^.
Delaware &
3-14
3-15
$1.25 i
1
Inc.
3-14
m
i
$L73
—
Fund,
3-15
1
3-22
J3
e
Chemical Corp.
(quar.)
Decca Records, Inc (quar.)
Deep Rock Oil Corp...
4-
v
3-12
:
3-15
$2
-
Davison
3-31
4-
25c
.
3-11:
4-r4
'4-: I- X
$1.25-
I
4-15
$20c
V
3-27-
10c
...
Delaware
2-21
'
Drug Co. .■ (s-a)
___
Cruolble Steel Co.,- 5% preferred (quar.)....
Crum & Forster,-8% preferred (quar.)
"
*>&£■
Cuban-American Sugar rv,
Co.-
Extra
.
5-1
_
■
3-31
cuse, N. Y.) (quar.)
Fashion Park, Inc. (quar.)
..
3-10 :-v .2-14.
■
Curtlss Candy Co., $4.50 partic. pfd. (quar.)
Curtis Publishing Co., $4 prior pfd. ,(quar.)
Cutler-Hammer, Inc.
Davenport Hosiery Mills (irreg.)
•
David & Frere, Ltd., qlass A (quar.)
11-15
6C
Ltd. (quar.) *
2-28
3-15
...
Fanny Farmer Can<^ Shops, Inc. (quar.)__
Farmers & Traders Life Insurance Co. (Syra-
2-21
3-7
,
t
7%
preferred (quar.)i—
Cuban Atlantic Sugar,; 5 % preferred (quar.)
'■■if 5%
preferred (quar.)_
Cunningham Drug Stores, Inc. (quar.).
(quar.)
Co.
Famous Players Canadian Corp.,
'
•
1%
8-15
1
4-15
15c
(quar.)_*r._
3-15
$1
75c
Glass Co. (quar.)
Corp.
Mining Co
Heileman
(G.) Brewing
Hendry (C. J.) Co., 5Va% preferred (quar.).
Hewitt-Robins, Inc.
(quar.)
Heywood-Wakefield Co., common (irreg.)
Hibbard, Spencer, Bartlett & Co.—
Monthly
Monthly
Hoe (R.) & Company, class A—
7A dividend payable on the class A (to be
paid upon completion of consolidation
of
Pittsburgh Lithograph Press
Corp.
into
Hoe
&
Co.)
for
the
quarterly
period commencing to accrue Oct. 15,
5-16
8-30
127
'
25C
Printing
25c
(quar.)
(quar.)
Hazel-Atlas
2-28
5-31
v'-Y 30c
_
2-28
America
$5c
•
2-~6
r
3-7
,
j
30c
;
(Thef"ZZZZIZ3™2:ZZZZZZIZZ2ZZ!ZZZ
'
1
3-15
j
'
3-10
$1.25
$1.25
$1.25
.__
of
Hecla
$0o
(quar.)___
2-28
Hazeltine
1
v
—
*
1
3-
2c
3-20
4-
.
Crown
8
3-
3-15
'
Textile
Fabfen
3- 8
4-
■
___
3-
3-15
'$1
(quar.)
-Exchange Buffet Corp.
Fair
__
3-24
2-28
Co.—
*
preferred
■
Corp.
28c
1"
2-28
■
"
"
5%
^
7
Haytian
15c
(quar.)
common
i
Extra
3-10
y
3-15
26c
—
.
~
*Eversharp"r Inc.,
~
(increased)
5%
V/
■
Co., 5% preferred
preferred (quar.)
preferred (quar.)
4-
3-10
$3 non-cum. preference (quar.)
state tax.
Railroad
6%
•
''
87(4c
$3.50 preferred tquarj—..—
Colonial Ice Co., 6% preferred B (quar.)___ .
$1.50
-$7: preferred (final!.——vc.,,
$1.75
Colonial Steamship Lines,. Ltd..—
-t$5
Columbia Broadcasting System, Inc.
i Class
A (irreg.)
!b0o
500
, Class
B .(irreg,):..'..—
Columbian Carbon Co. - (quar.)
ii.
40c
Commercial Shearing & Stamping.....
20c
Commonwealth Edison Co, ;.(quar,)._
V;v 35C
6c
Commonwealth Investment Co. (Del,)- (quar J
Community Public; Seryipe Co., .(quar.)
50c
Cpmpo Shoe.. Machinery (guarj:..„,..._... '% i2Vac
Conde Nast Publications (quar.)—:
25c
Confederation Life Assn. (Toronto) (quar.).
$$1.50.
Y/: Quarterly ^
v.———... fa, $$1.50
Quarterly
$$1.59
25 c
Congoleum-I?airn;i Jnc; (qua*,
Connecticut Light & Power! Co, (quar.),
77/
75c
Connohio, Inc.
j;/
lOo
Consolidated Bakeries of Canada, Ltd.— X
Quarterly
_________
:t25o
Consolidated' Cigar Corp, (quar.)
50c
Consolidated Edison Co, of N. Y., Inc...
>.•' 40c
Consolidated-Gas Utilities Corp. (quar.)
i2y2c
Consolidated Lithograph Mfg., Ltd..,.....i:!
-$19c
Consumers Power, $4.50 pfd.-;/(quar,!__LZlf $i.?19Va
Continental Assurance;Co.< (Chicago)
(quar.) ::pii 30c
Continental Can Co., common (Interim).
V 25c
r $3,75
preferred
(quar.),_
V: 93%c
Continental. Gil Co. ■(Del.)
XYV 50c
Continental Steel Corp. (increased).
25c,
Copperweld. Steel Co';, common (quar,)
20c
,5% convertible preferred (quar.)
X 62 yac
Cornell-Diihilier'Electric, common...*
~
•
20c
i $5.25
series: A preferred; (quar.)
U
'jXY $1.31 Va
CorneB Wood Products, 6%/preferred.-._u- «
$1.50
Coronet Phosphate Co. (irreg.)
< $1.50
Cosden Petroleum Corp.,'5% pfd. (accum.)_
62Vfec
Crane Co., 3%% preferred (quar.)
•; *93%c
Creameries of America, Inc.
(quar. )■ _______
>f 35c
Crown Cork & Seal Co., $2 pfd. (quar.)_„I" * 50c
-
Erie
2-26
Y/
50c
Corp. (quar.)
Coast Counties Gas & Elec.—
'■5%
1st preferred (quar,)
Coleman Company, Inc.* com.
f4V«%
preferred (qiiar.)_
vania
4-21
3-10
5c
8-20
Payable after deduction nf *7 y2c Pennsyl-
3
$1.50
3- 3
■V
2-15
12 VaC
1
,
2-26
$1.12 Va
—
Coal
Clinchiield
75c
.—
(quar.)__—;
preferred
$4.50
11-10
$1.75 2-16-48 2-10-48
7-1
6-20
•V
_j_
Empire District Electric Co., com. (quar.)___
Erie Coach Co.
(quar.)
Erie & Pittsburgh RR. Co.—
'
;
I;
1% guaranteed (quar.)
<
9
$3.50
-
—
X\ Common
11-15
Park
3-
3- 3
Extra
$8.25
(interim)
'
3-12
_
Refractories—
3-20
,
XXX $1
(irreg.)
Place, Co., inc. (Irreg.)
Elgin National Watch Co. (quar.)
3
1
(irreg.)
common
40c
1.06 Va
(M. A.) Company,
$4.25 preferred (quar.)
40C
25c
Mfg.
Hanna
3-14
'
Corp.
1
50c
Co,; common
Controller &
2%%
4-
$1.06(4
Worxs
Natural
2-15
Payable of Ree.
Share
$25c
-•
Holders
When
Per
Name of Company
,
37y2c
■'
___
3-20
3-14
75c
Holders
Payable of Rec.
Share
.
______
30c
$37
—
Securities Co.,'* -common (irreg.)
\1% preferred (quar.);—.
;—
Chrysler Corporation
_—
Cincinnati New Orleans & Texas Pacific Ry<—
5% preferred (quar.)
—
5% preferred (quar.)—.
-yCinzano, Ltd., 5Va% preferred (s-a)-L—i__ *
City Auto Stamping Co. (quar.)
City of Paris Dry Goods—
A. /XX
7%
1st preferred (quar.)
Christiana
When
Per
Payable of Rec.
Shore Si South Bend RR.—
Chicago South
1231'
3-15
2-26
1
3-10
$25C
4-
$75c
3-11
$75c
6-11
3-
4
6-
4;
$750
'
9-11
9-
4
$750
*' 12-11
12-
4
25C
4-
1
62VaC" Y
4-
1
3-15
25c
3-
5
2-20
3-
5
2-20
.
3-15
$1.50
*
w
1232
Per
f
Name of Company
s.
Leslie
Salt
Co.
When
Share
I^egare Co., Ltd., 6%
$$2
(accum.).
Name
3-15
2-10
3-15
2-24
(quar.j
National
Electric
$25c
4-30
3-30
7-31
6-30
1
t25c
10-31
9-30
$25c
1-31-48
12-31
50c
3-10
2-28
25c
3-28
3-18
12V2c
3-15
3-
15c
3-10
2-21
1
3-11
....
...
—
__
„
—
-
.
37»/2C
__________
Lincoln National Life Insurance Co." (Ind.)
Quarterly 1
:_4—-,
Quarterly
Lincoln
Corp.
iidttle
Miami
8%
Inc.
Angeles
3-12
Henderson
i Common
&
2-28
3-12
2-28
4-
2-15
National
$1
3-10
1-24
3-10
2-24
$1
3-31
3-21
4-
1
3-22
(monthly)
&
JLowenstein
4%%
(M.)
A
Co.—
;
Extra
R.)
_
(reduced)
Export
i
preferred
A
Marshall Field
Master
Electric
Mathews
,
25c
3-10
25c
-
3-15
3-15
12»/2o
20c
4-
1
4-
1
Thermit
"
3-
6c
3-20
$37V2c
3-15
$621/2 c
7%
$50c
3-15
2-15
Z; 62i/2c
3-28
3-18
preferred
3-31
3-14
3-31
4-
I
3-14
Midland Oil Corp.,
;
$1
4%%
preferred
Milliron's (D. J.)
•; 2-28
3
Minneapolis
Valley
Common
5%
B
(initial)
preferred
Mission
Appliance
3-15
3-
5-15
3-
7
3-
6
Ontario
3-12
3-31
3-
4-
,
35c
3-. 6
;
1
3-10
;:
6
3-
3-31
Mojud
.V
.
'5%
i
Otter
1
4-
50c
Hosiery
Co.,
preferred
1/
3-
.
.
Monarch
/
1
Palace
3-15
,.
2-28
Life
4-
1
1
"3-11
1
3-17
4-
1
3-15
3-15
3-10
$1
Penn
1
$3.50
35c
3-10
2-24
4-15
3-20
-
(Wm.
R.)-
Dry Goods
1
3-20
3-15
2-28
3-15
2-28
3-
2-25
4-
1
Mfg.
4-
1
3-21
3-15
$25c
4y.%
3-15
2-15
4-
3-15
3-
3-1Q
2-24
3-30
3-10
2-21
3-3
2-15
4-
1
3-15
6-
1
5-16
9-
1
8-19
25c
30c
3-
1
3-10
3-
3
1
3-15
75c
3-31
3-13
25c
•'
3-12
3-
10c
25c
37y2c
'
25c
$1
quar.jl
3-15
4-
3-15
3-
1
3
3-28
3-
4-
3-14
1
3-15
3-
4-
3- 7
4-
1
3-15
3-10
2-21
37V2C
3-12
2-28
50C
4-
3-14
50c
3-13
2-20
15c
3-15
2-21
4-
1
3-14
4-
1
3-14
/
-
$1.25
$1.75
1
•
4%%^ pfdr (initial quar.)^:
'
.
-
-
1
2-25
-
3-
3-31
3-14
:
'
$50c
$5
$1
U5c
3-22
2-15
$i2yac
3-10
1-31
4-15
1
:
-
1 :
•
1
2-14
3-10
3-15
/'/
(quar.)
4-
1
.
„
3-14
3-10
2-25
/
5-
1
4-25
3-15
2-28
3-15
2-28
3-14::
2-28
50c
&
4- 1
;
:
...
Co.
Inc.
(quar.).^___
-
St.
Germantown
Scranton-Spring Brook
3-29
3-21
/
4-
1
3-11
Seaboard
4-
1
3-11
Sears
4-
1
3-11
Extra
Power
•'
3-10
6%
non-cum
3-
3-28
3-11
15C
4-10 i
...
40c
;
3-10
i
3-12
^9
2-28
) 3-28
-
.
3-10
.
4-
4-
1
3-
1
3-31
3-
4
2-20
3-12
4-
1
4-
1
3-14
15c
3-12
2-15
$1
3-12
3-12
3-25
3-10
12yac
3-14
3-7
$1
4-
4-18
3-31
5c
4-18
3-31
25c
3-26
3-
62y2c
(quar.)..
(quar.)...
4-15
50c
3-24
3-17
62y2c
(quar.)..
1
3-24
2-15
.
preferred
.
3-17
3-
3
25c
Ltd.—
3-17
3-
-.
$75c
,
4-15
-
-
3-20
4-15
3-20
4-18
4-30
3-10
3-10
2-21
:
2-21
&
(r,':.[
4-
1
$7c
5
i:
Mi**
/:v:3f:5
75c
6-30
6-14
75c
12-20
12-13
25c
—
3-15
2-28
45C
Water
Service
2-26*
5-
1
4-18*
60c
—
3-12
85c
3-14
2-26
Co.—-
(quar.)
25c
25C
y
,
—
,
4-
31 y^O V
V41%0
•
;/
3-10
3-10
,-'.3-15.^:.>3- 3
*«$1.13 l /
15c ;
„
'/
.
1
$1.254t,i:-/f3-15
1
'
-
3-5
3-1
2-13
m 3-15
>
4C\i 25c
1
4.
,15c:
—
(increased quar.J
3-11
$1.02%
...
3- 5
3-15 ./
3-15
3-15
17yac
(quar.)...—
Co.
$4.50
,.
v.
'
v
.
23c C'J
.25C
t4--L/,,"C.,'3-lS
3-1
3-11
3*13**18*29;
r.:2-25
^:J(3-15 *
'H'2^.25
preferred
Corp.
preferred
Breweries,
(increased
$20c H'A&r
_—
Ltd.
-
-Extra
Class
B
-
(quar.).
—;
Extra
,
partic.
Silverwood
5%
preference
Western
preferred
Simmons
Dairies,
Simonds
Sdw
&
Steel
Ltd.,^41/2%
25c
Extra,..
.
3-15 *
:^f s(-i5 ^jjti
'J9J3-
:t50d-1
f -3J15'
J- 3-"*
4-
1
3-31
$20c
4-
1
3-3$
$20c
4-
1
$$1.25
^
—_
7
■■
4- 1
25c .Ot 3-12 I
60c-*^'3-15 7
Co: (irreg.)
preferred (quariyL'L.: $$1.12"%?
//I/I—'.'
3-15
3-14
$1.50
.HI.—..
"
$30c
Singer Mfg, Co./((quar.)
,,
50c
—
(quar.)
)13- J
3- 1
,3- I
SOQuT S-15 f>
50c;
3-15 2
Ltd.—
Company
/Simpson's,
»
;
....
Signal Royalties Co., class A (quar.)..
Silknit, Ltd., 5%
preferred (quar.).—.
Silverwood Dairies, Ltd., class A (s-a)
:
Class B (initial)
40c
ID*-}®
s
(quar.)
Signal Oil & Gas, class A (quar.).—....
/
1
$$1.75£nr .4v 1 hi 3-1®
$15c )vj r>3-31|
J 2-28
50c In 3-15? <J 3- 1
(quar.)
3
.
$$1.50
(quar.)
7%
3-17
3-15
2-21
-yj'i
(quar.'$1.12% Ur.-4~ I t. *
quar.)_i.__u'' i ^ 50cf
3-31"
Shattuck
(Frank G.)
Co.
(quar.)
25C M><)3^21^
Bhelles,' Mfg; Corp: (increased)
;
x
.:-..10c b 8-14
Shellmar Products,
common
(quar.)
: 25C or:4- 1 1^ 3*13
:>« ,4%% ; preferred
(nuar.).^..:::^.:.:^^/, 59%c:v413-31
Sherwin Williams Co. of Canada, Ltd.—
7*
25c
2-28
3-14
4-
(quar.)
(increased)
(Del.)
Common "'(quar.)
2-28
25c
3-10
•3-15
'3-10
$1.283
...
Co.
Roebuck
Steel
Sick's
2-21
35c
-
Oil
Inc.,
3-15
50c
•
Co.
preferred
Class B
2-28
933/4C
pfd.
(quar.).
partic. preferred
.(
2-28
37y2c
.
4-, 1
-
Uf3rl5
Norristown
quar.)
;
4.10%
Servel,
2-28
'
3-20
Associates,
...
Sharon
3-1
V 3-31
3- 8
4-15
2-24
7-2-24
1
3- 3
3-20
v
./
(quar.)
Corp., com. (quar.)
preferred A / (quar.)
Segal Lock & Hardware Co., $2.50 preferred
Seeman Brothers, Inc.
(quar.)..—
Seiberling Rubber, 5% pfd. A (quar.)..^—:
4%%
preferred (quar.)...
Scmler (R. B.), Inc. (reduced quar.)
Serrick Corp., class A (quar.)—
,
2-21
3-12
A
$$2.50 n :<4-l&' j// 3-21'
w
,:,/
r
3
-
.
25c
......
1st
3-12
10c
Corp of Canada,
6%
'
50c->
•.-
(Hartford)
(quar.)_
(increased quar.)
Inc.
2-28
-2-28
r
25c
Co.
preferred
>
30c
j. ^
&
3-10
Lace
Common
2-21
-
3- 8
3
3-
25c1 -A
Securities Acceptance
40c
-
50c
preferred., (quar.)
2-24
;
3-14
3- 1
50c
:
/—,1/
(quar.)
common
3-21
$1.50
Alexander,
Company
3-15
3-10
3-14
3-15
$$1.50
....-
4-15
.
3-14
'
...—....——..———...—....
Scranton
$1.25
■
Loan
Semi-annual
3-21
$1.50
Company
&
(s^),
Remedial
4-15
/
(quar.)..
—
2nd
Ltd.
$3.40
-
,
$2.50
Francisco
San
4
2-14
3-15;
50c
.—.
—
preferred A (initial)..
Mines, Ltd. (s-a)
$1
$1
15c
;
1 :•
4-
25c
(quar.)——
2-24
;
1
4-1
f
12 %C '
-
Antonio Gold
Scott Paper Co.,
20c
Pitney-Bowes, Inc.
Pittsburg Brewing Co., $3.50 pfd. (accum.)
Pittsburgh Consolidation Coal (quar.)__^
Pittsburgh Forgings Co.
Pittsburgh Metallurgical Co. (quar.)
'
Pillsbury Mills, Inc., $4 preferred (quar.)
Plymouth Cordage Co., common (quar.)
Employees Special Stock (quar.)...
;>
Plymouth Oil Co. (auar.)—:
Potter
1st
4.40%
San
3-
.
-
4-
—
Paper Mills Co., Ltd.
preferred
(accum.)
St. Regie Paper—,
•//'i'.:'.//
3-15
.
3-3
Lawrence
1
r: -
preferred
1st
1——
1
25c
(quar.)
Corp., 5%
:—.
4-
^
3-10
A
•
preferred (quar.)—
Lead Co. (quar.)———
4-
■■
Co.-.,..:______.__
(quar,).
Corp., common (increased
3%% preferred A (quar.).
Polaroid
Joseph
40c
..
3-14
1:
Foods, Inc.—
Fine
conv.
Extra
3-15
•
common-,
Insurance
W.
Schiff
(quar.)...^:-^^::^.:
Philco
Phoenix
4%
3.15
25c
(quar.)
preference
&
r
St.
1
(quar.)
2-26
3-15 ' & 3- 1..
4-
$1.25
——
Works
17y2c
common
3-1
3-26
37 %c "..A
••
—
v ,4-
—:,//
Rubber
preferred
Metal
$1.25
(quar.)
Co.
Art
$1
•
3-12
/•
■•£ $1.25
;
6%
'
3-5
•
(Jacob), 4V2% preferred (quar.)—_ K $1.12%
37 %c
Manufacturing Co. (quar.)...—;—.
v>;: loe
Ryan Aeronautical Co. (quar.)—.—
..
Ryerson & Haynes, Inc. (initial)/...—-:/:•; 15c
S.
v..;./:,/.
...
/ 3- 1
3-15
Russell
75c
/
9-15
3-10
**
Ruppert
2-28
....
10c
...
1
20c
•v
>.
Brothers, Inc. (quar.)
Royal Crown Bottling Co. of Louisville— /
6%
participating preferred (quar.)——
3-10
3-14
20c
_____
preferred (quar.)
Co.__:_
Ronson
3-1/
15c
a
10-
$1.25
(quar.)_ $$i.06y4
$$i.06y»
pfd.
Roos
2-21*
4-1
\Va%
Romec Pump
3-15
i
Paper Co., Ltd.,
4 Va %
2-28
3-31
-
6-14
50c
—
Rolland
4-1/
10c
25c
(quar.)—
common
preferred
(quar.)
prior preference (quar.)___..—
series A preferred (quar.)
5%
2-14
15c
A /
5%
".«,5%
4-
$$1.25 \
•
1
"
•-
3-31
,1
3-15
7-
v50c
-
9-15
1-
50C
••;.
•
6-14
/
4-
•'
25C
-
—
Corp.
3-15
1
> 10- 1,
$1'/
Silk
Rockwood & Co.,
4-
r
'
\ 4-15
5-
Co.
Oil
7-
$1.75
rr'''
_
4-15
v
4-1
-
/ $1.75
-■'•/. $1.75
(quar.)
(quar.)...———I—
A
J
$1.75
(increased quar.).——_
Mills, class ,B__—
$2 partic. preferred A (quar.)
Robertson (H. H.) Co. fquar.)
.
3-1
5-15
15c
Philadelphia
1
1
3-15
5-15
*
&
preferred
Richfield
35c
com.
$4
Richardson
3-Q0:
.'.in...!-".,.!!:,'"
.....
(quar.)
.(quar.)
Co.,
Exploration,
Powdrell
3-10
4-2 1
(quar.
Riegel Textile Corp., common
3-10
:
3-10
2-25'
v
5-1
■
$1.75
:
2nd preferred (quar.)
2nd preferred (quar.)
7%
-
$1.75
2nd preferred (quar.)..
7 %
7
preferred
1st
v'• 3-15
:
50c
•
7%
3-10
3-31
125c/
_
Philadelphia Electric Co., common„.Ji.,
4
75c
3-31
:
Dry Goods, common (quar.)..— 'V.
1st preferred
(quar.)—
1st preferred
(quar.).a:.—__... i
7%
2-24
$$1.75"
Co.—
Company
Company
Company,
Tire
RR.
quar.).
1
30c:
Brothers,
7%
7%
1
$1
(quar.)
Ltd
Phelps Dodge Corp.
Extra'
Philadelphia Co., $6
3-15
30c
•
1
3-
$25c
•
v
•
pfd
3
3-
3-31
;
$1.50
Paul,
Pharis
1
$2
$1.75
(quar.)
3-
4-15
30C
Extra
1
1
25c
i.
'
3-15
:
30C
.
1
$2-
4-
25c
1
/ '^50
common
Telephone
Petroleum
2-15
3-15
59 %c
"•
'1
35c
—
——
Rice-Stix
3-
preferred (quar.)$1.06^ :
2nd preferred (quar.)
$1.06y4
Inc..:
/
30c
4y»%
5-10
4-
1
2-28
'
1
3-15
•
25c
quar.>w--_^:^^
Line—
Pfizer• (Charles)
(quar.)
(increased)
4-
10c"
(Initial
6
J44c
87Vbc
(quar.)
(quar.)
2-10
3-
3-14
/
3-
2
3-15
4-1 /
3-10
3-15
y
-.
(resumed)
4-1
6-
30c
(quar.)—
■
.
4
:
(quar.)
1
15c
—
3-
.'
•
4-
40c
$15c
1
$1.75
National Drug & Chemical
Co., common
2-15
Ltd,-*: /
Petroleum & Trading Corp.—
$1.25 partic. class A (accum.)....
Pfeiffer Brewing Co.
__L
$1.5Q
,
»
Co.
—.......w...
Milk
Peter
1
15c
(increased
3
3-25
y
3-20
$l3c
,
.
6%
1
2-
15c
(quar.)
preferred (quar.)
Extra
Pet
5
lc
Co.,
3-
3-10
j
3-
(quar.)——'
(quar.)—
common
2-20
3-20
15c
^—
1
$1.62'/a
Muskogee Co.
inc.,
„$4,.preferred A ,(quar.)
j National
Container Corp.
3-10
v 65c
>
(quar.)
com.
4-
87y2C
(s-a)
3
30c
(quar.),
4-
'
3-10
1
America—
Owl Stores,
Riverside
3-15
;
Straus-Duparquet
25c
3-
3-10
10C
25c
$1.25
—
2-28
4-
$1.25
(quar.)—
*
60c
,
...
62V2C
(s-a)
Muskegon Piston Ring Co
National City Lines,
Ford,
Permutit
"A
2-28
Co.——_
Corp.
&
Pepsi-Cola
2-28
$7
Nathan
:
••••
3
$$1.25
preferred
(quar.)
$7 preferred
'nuar.)__^.
Muncle Water Works, 8%
preferred
Munson Line, new common
(initial
$1.
Peoples Drug Stores, Inc. (quar.)
Peoples Gas Light & Coke (quar.)
3-15
1
115c
Mullins Manufacturing Corp.—
Common class B >(irreg.)—
Nash-Kelvinator
3-
4-
3-
—
I
Inc.
3-10
V
:
Mining & Development—
Quarterly
Namm's,
7
3-27
———
Murray-Ohio
4-
20c
(J. P.) & Company (quar.)
Paper Mills, common (quar.)
preferred
(quar.)
—_I—
Motor Wheel Corp.
(quar.)—
r.
Oil
2-25
t25c
4% %
Diablo
1
8
IVaC
"Morris
Mount
3-
3-
25C
(quar.)
Morgan
7-21
....—_—
(Minn.)—;
Electric Switch
$5
8
3-15
3-12
62V2c
Montreal Cottons, Ltd;, common
f
7%
preferred
(quar.)„
Moore
3-
$1.50
___—
A
1
Common
50c
(quar.)
Chemical. $3.25 preferred
2-28
8-
$1.20 preferred class A-.:;(quar.);
30c
3-153- 1
Penney (J. C.) Company ..(quar.)
50c
3-31 i
3-7
x
Pennsylvania-Dixie Cement
25c
3-10
2-28
Pennsylvania Salt Mfg. Co.._:
30c
"3-15
"3- 3
Pennsylvania State Water, $7 pfd. (quar,)_
50c
V 3-31
3- 7
Pennsylvania Water & Power Co.—
■■ r/
2-15
$25c
/'
preferred
Monsanto
V
3-15
15c
(Mass.)
2-28
3-20
$3.50
(quar.)
Co.,
preferred
Peninsular
1
Chemical
f
4-
$1.25
Equipment, 5% pfd. (quar.)
Co., common u—
3-20
$4.50'.
$4.i2ya
;;
Eastern"Pipe
(increased)
Mfg.
Penick
4-
3-
preferred
■
dividend)
Company
(initial)..
(S. C.) & Co., 40c pfd.
Paton
50C
—
3- 3
75c
Car
preferred
Parker
3-11
4-
(quar.)
Insurance
Auto
Monroe
4%
.
20c
•
2-28
3-15
'
——
Pantasote
56y4c
3-15
50c
■
3-24
1
2-28
$1.18%
•
.
2-13
1
share
-
2-27
4-
50c
Co.
Co.
Corparation
Common
3-14
:
•
50c
———
5
3-10
:
1,
60c
Corp.___^i_,_—1: 10c
Motor
Panhandle
> 3-14
lr.
4-
J
(quar.)__
Monroe
'
2-13
3-10
5%
1st
Reeves
2-14
Mills
Packard
2-20
4-
.
40c
common
3-
3-15
3-10
(increased)
Radio
Pacific
5
3-12*
f
3-
'i
7.
25c
———
Brewery. Ltd.: (quar.)
Monarch Knitting, Ltd., common
5%
preference (quar.)^_
3-15
:$3
Co.___-:
Power
Common
3-21
3-31
80c
25c
Molson's
'
Tail
7%
______
Carpet Mills
Mfg.
Oxford
97 %C
2-28
;
4- 1
3- 3
$1.18%
3- 3*
Inc." (quar.^.:i...—ij..—•
4-;l
y
25c 1
j/--\Regent Knitting Mills, Ltd.—
6- 1
-$40c
8" V
$1.60 non-cum. preferred
(quar.)..——.
9- 2
$40c
8-t
$1.60 non-cum.' preferred (quar,)^.-.—^ >
vi
25c
3-28
Reliance Electric & Engineering, common...
3-18
'
".'
5- 1
52Vac
4-18
$2.10 convertible preferred (quar.)—v
3-15
?Reliance Grain, Ltd., 4 % preferred v(quar.)U" > $ $$!'
2-28
-if
Reliance Manufacturing (ill,)—^
3 y2 % conv. preferred (quar.
87%c
3-12
>.
435c
3- 7
Remington Rand, Inc., common—....—
1
;
4-; 1-/ 3* t'
$1.12%
$4.50 preferred (quar.)....
—.....
Repiiblic Investors Fund—
.
•
•
- '
rt-n.-M' ISO''*'-. 5- 1
6%
4-15
preferred A (quar.)..i.i:i:—
5- 1
4-15
/•/■•M5C
v* : 6% preferred B (quar.)
4-25 :
-fiOc
4-15'
Republic Natural Gas Co. (s-a):..—
3-10'
12%o»
" 3-20
Republic Petroleum Co. com
/ 3-10
25c
4- 3
Republic Steel Corp., common——
25c- / 4- 2 A :/ 3-10
Extra
■:! $1.50
4- 1
3-10
6% convertible preference A (quar.)_i—.
iA »v a; ».
Revere Copper & Brass, Inc.— .
4-10
:
5 Ia%
$1.31% / 5- i
preferred (quar.).—.r...
Red
6
$50c
——
Orange Crush, Ltd.: (initial)
Ottawa Light Heat & Power Co.,
; Common
(quar.)
5%
preferred
(quar.) J—
3-17
62 %c
Corp
B
Service
Steel Products, Ltd.,
preferred
(quar.)
7%
25c
_
Class
2-
V
—;
Inc., common...
preferred (quar.)
6%
Ontario
4-30
3-31
3-12
Mississippi Power Co., $6 preferred (quar.)_
Missouri-Kansas Pipe Line, common
(irreg.)
Mohawk
2-28
4-
50c
3
„—
(quar.)—
3-15
—
Particlpating convertible preferred
25c
_
1
3-10
4-1
(quar.)
1
$2
Paper Co. (initial)
Canning Co.— \
2-28
$50c
each
(quar.)
Raybestos-Manhattan, Inc. —
Rayonier, Inc., $2 preferred (quar.).—
Reading Co., 4% non-cum. 1st pfd. (quar.).
Real Silk Hosiery Mills, Inc., com. (quar.)..
: 6%
prior preferred (quar.)
—
'7%
preferred (quar.)—
3-15
15c
3-
•>,
Ontario
1
4-
—
5
•
3-31
One-fortieth
for
Packing Co
Rath
3-13
3-15
....
3-
___________
&
5
Ontario Beauty Supply Co., Ltd.-
________
Minnesota
Co
Omar,
25c
2-28
$1.75
—
,
common
preferred
Rqdio-Keith-Orpheum
2-20
$25c
—
1
50c
.____/
3-
4-1.
3-31
—
of
Corp
$3.50
Cement—
-
3-19
$1.75
Common (increased)
Minneapolis, St. Paul & Sault Ste. Marie
RR. Co. (irreg.)
Minnesota Mining & Mfg. Co.—>
Minnesota
Pharmacal
Water
Minneapolis-Honeywell Regulator Co.—
%
Portland
3-
_____
—
1
4-
v
Old Town Ribbon & Carbon (cash
25c
(quar.)
Brewing Co..
4-
3-10
l;t,
4-
$1.25
4"
3-10
50c
Co.'——.—
30c
____
1
50C
-
Match: Co.i..
•
(quar.)—,.
4-
2-14
3-15
v
Quaker State Oil Refining Corp.
3-10
3-31
$1.44ya.
(quar.)
l-x.
Ohio
3-
3-11
60c
(quar.)
Co.,
2-14
3-31
•
Service.—:
1
preference—W-i.
Reclaiming—,.
Co.
Gas
Ohio
'
:
Oil
—
Gas
5
__
Midwest Rubber
Natural
Preferred
3-15
$1.75
$2 non cumulative preferred
,8%
preferred
(quar.)
*
Liberties
3-
—
conv.
Pure
$1
■;
4-
______
Midland Steel Products—
5
—
75c
(quar.)
2-
of
preferred
$4.75
Co.,
Corp.—
25c
——
preferred
3
3-
,400
Electric
&
$1
—
Inc.
15c
Insurance
3-14
87c
———__
Pullman,
50C
(quar.)
Manufacturing Co.: (quar.)
Ogilvie Flour Mills, Ltd., common (quar.)
Ohio Confection Co., common (quar.)
'
_
3
Oak
75c'
_
3-
shares held
Nu-Enamel Corp.:
Nutrine Candy Co.
35c
_____
___
3-15
$2.50
River
Norwich
'
—
2-28
share
a
2-14,
2-14,
-
2-28
V
3-15
of
2-28
/■' /
3-15
50C
—
Quarterly
2-25
71/2C
Gas
—
dividend).
(stock
Common
3-14
Radio
—
/
.
Gas—
&
Publicker Industries, Inc.—
3-15
2-18
$1.25
'
(quar.)
Electric
Service
1
93 %C
Penn
2-28
:
-
Co. of Oklahoma—
preferred
3-28
$1
—
(accum.)
Northwestern States
2-28
3-10
-
4-15
3-12
—2—*
Public
50c
15c
(accum.)___
—1—
RR., 7% guaranteed (s-a)
RR.
(quar.)
;—
Indiana
3-15
preferred (quar.)
7%
preferred (quar.)
Co., com. (stock dividend)—
preferred
50c
4-
—
100
3-15
20c
Railway, common (quar.)
for each
3-15
——
$5
:
(reduced)-
Pacific
3-15
20c
Car..Ck>rp>»*
of
3-31
$2
3-15
1
4-15
3- 5
—■
2-28
3-10
'
4-
4- 5
3-15
4-15
35c
4%
3- 6
,
;
3-: 5
25C
$1.75
$1.25
Public
3
•
25c
(quar.)
50c
,
3-26
$37y2c
—
preferred
Northern
3-15
(quar.)
com.
3-
>3-13
of New Jersey—
Corp.
Public Service
3-15
1
Carolina
Northern
45C
Metropolitan Edison Co.—
i
3.90%
preferred
(quar.)
Miami
Copper Co.
(increased)
Michigan Sugar Co., 6% pfd. (accum.)_
Mickeiberry's Food Products common (quar.)
$2.40
•
6%
Northern
7
371/2C
,
.
25c
Corp.,
(quar.)
1
4-
North
3-15
: v-
—
4-
North
:
Co.
7-31
15c
North
3-20
.:
B
Machine
7-31
8-15
'
r'y '
3-20
3-17
Miners
Linotype
8-15
$1
Co.V
25c
$1.25
(quar.)
(increased)
25c
American Investment
5y2%
5*
3-31
share
common
3^ 1
-
.
North
"; 3-31
75c
—
,
'
4-15
Stores
Mergenthaler
$1.25
62yac
(increased quar.) „i,-r—
convertible preferred (quar.)
One
,
2-27
3;
$1,061/4
Inc
;
(interim)*.™
__.
3-15
;
—;
American
North American
3-14 "
!
Co., common (quar.):
(quar.)
Transportation (quar.)
Merchants Refrigerating Co., class A
(quar.)
,
$2
2-27
,
2-28
___
&
3-15
v
3-10
; :
—
1
Common
4
3-31
Mercantile Acceptance Corp of California—
preferred 5%
series (quar.)__:
>
1st preferred 6% • series (quar.)
Metal
2-
40c
r
preferred
preferred
4-
25c
3-13
3-10
•
7%
3-15
(quar.)__.
Ltd.
Extra —'
North
2-25
j.
../lst
Mesta
3-20
3-15
McGraw-Hill
Class
2-22
3- 5
.
...
Mines.
Norfolk & Western
3-20
3-31
60c '
—
__
&
3-15
-25c
V
•
(quar.)_
McGrath-St. Paul Co., 30c. preferred (quar.)
7%
1
,
2-22
4-1
preferred (quar.)
preferred (quar.)
$5 preferred
(quar.)
6% preferred (monthly)
6% preferred (monthly).
—
—
;
of Jtec
1
56 >/4 c
:
Service
4-
8 "Jo
6
2-24
4-
Niagara Lower Arch Bridge Co., Ltd. (quar.)
Niagara Wire Weaving Co., Ltd. (quar.)v—
200
f:i Common (Increased quar.)
Mercantile
Common
3-
$1.25
3-15
3-31
;
25c
.
.
Merchants
3- 3
1
3-15
$i.i2ya
3-14
Noranda
125c
•
Oil Co.,
Ltd. (interim)—
Corp., $2.50 preferred (quar.)
McCrory Stores Corp.—
(
1
4-
$1.75
.—.——
Niles-Bement-Pond
w
McColl-Frontenac
Mengel
4-
60c
—
B
preferred
Public
3
10c
Newport Electric Corp.— *
3%%
preferred
(quar.)^
1
1
'
——
Publishing
(The)
Company
3-
$15c
1-31
"
convertible
1.
$37y2c
8-1
1
^
McCord
$3.50
4-
"
8-
25c
(quar.)
Extra
5%
—
3-
tioc
pref.-s-a)
(quar.)
Co. (quar.)—.
-™__
Co.
Conveyor
7
3-1*
3-
tlOc
(Glenn L.) Co. (quar.)
Massachusetts Investors 2nd Fund,
Massey-Harris Co., Ltd., com.
$1.25 convertible redeemable
Class
3-17
$15c
4-15
;
V. *2c
(quar.):____
pfd.
2-17
1
,
3-15
(quar.)
& Co., Wa%
2-10*
4-
(quar.)
3-14
—
Martin
Corp.
25c
___________
common
Steel
$1.50
,,
(R. C.)
Company
Mallory (P. R.) & Co.—
Mangel Stores Corp. (quar.)_—
_L_——
Mapes Consolidated Mfg. Co. (quar.)—„—
Marine
Magnesium Products-:—^
.u:
Corp.,
3-10
3-10
50c:
Terminals Corp.__
Corporation
Holder.
3-15
$3c
Proprietary Mines, Ltd. (interim)
Prosperity Co., class A.
45c
3-28
U2'/2c
Mahon
Basket
Co.
River
20C
_
8-15'
$1.07
_
'
10-20
8-15
88c
(quar.) _______r_;
______
10-30
3-12
$4
$2.50
Macwhyte Company (quar.);
—___—x
Magma Copper Co.* (increased quar.)___
Magna vox
Co.,
(quar.) ———_L—
Magor Car 'Corp.—___
Market
3-
3-11
w,
1
„
(quar.)
Ltd.
(H.
1
3-15
:l
—
__________
—
7
3-29
(quar.)—„
Co., Ltd. (quar.)
Ludlow Manufacturing & Sales Co.
(quar.)_
Lyon Metal Products, Inc. (quar.)_____
Macmillan
3-
15c
._
Co.
(W. M.)
Macassa Mines,
1
12V2C
—
Sons—
preferred
Lowney
3-11
4-
$1.75
——
(quar.)_____
(s-a)
RR.
2c
Brothers, Inc. (quar.)
Nestle-Le Mur Co., class A (accum.)
New Bedford Storage Warehouse
(quar.)
New England Telephone & Telegraph—
Reduced
quarterly
New Hampshire Fire Insurance—
Increased quarterly
u
New Jersey Power & Light, 4%
pfd. (quar.)
New Jersey Zinc Co
New York State Electric & Gas Corp.—
5.10% preferred
;
Newberry (J. J.) Co. (increased)
Newmont Mining Corp. .(increased)——
2-14
4-
25c
'
—
preferred
Nashville
3-31
25c
Ry.
7-22
Neisner
"
Louis
St.
1
—
3-10
37V2C
(interim)
(s-a)
non-cum
Louisville
:
1
$2
&
8-
Radiator
National
$2.50
50c
Exploration
2C
Machinery Co. (quar.)
National-Standard
Co.
(quar.)_
National Steel Car, Ltd. (quar.)
2-28
J
„
Lines—
Transit
Louisville
$1
National
10-25
Nehi
<P.j Co., common
preferred (quar.)
4-21
—
7-26
•
87V2c
(s-a)_
(quar.)
J
Co. (increased quar.)
Land
-•
1
3-12
(quar.)
Louisiana
J
1
25c
_
__
Star Gas
5%
8-
11-
-
37V2C
____:
Lorillard
■7%
4-25
*
Loew's,
Los
1
1
Co.—
preferred
1
National Rubber
(quar.)
Original capital
Special guaranteed (quar.)
Lock Joint Pipe Co., common
5-
Cylinder Gas, common (quar,)
Rational Dairy Products Corp. (quar.)j
(quar.)
National Grocers Co., Ltd., common (quar.)
$1.50 preference
—
National Hosiery Mills, Ltd. (quar.)
—
National Lead Co., 7% pfd. A (quar.)
—
National Linen Service Corp., com. (quar.)—
4V2 %
preferred (quar.)_—
National Paper & Type Co., 5% pfd. (s-a)
f
5%
preferred (s-a)
National Pressure Cooker Co. (increased)
—
(quar.):
Corp. of Texas, $5 pfd.
RE.
2c
*
—
7% prior preferred
Linen Service
5-
25C
(Wash., D. C.)
(quar.)
prior preferred
3-
25c
Common
6%
3-15
25C
________
Service
Welding Machine—
National Fire Insurance
—
-
.
Quarterly
4-
$1.75
When
Payable
$30c
Co., Ltd. (quar.).———-—
Pratt & Lambert, Inc. (increased)
—
Pressed Steel Ca^ Co., '4 y2% pfd. (quar.) — -t
Powell
National
1
'
.
,
(
(quar.)
Common
.
Per
Name 0] Company
Payable of Rec.
Share
'
(quar.)
Common
$25c
Brothers, Ltd. (quar.)_
Quarterly
r
Quarterly
:
—"
Quarterly
LlbBey-Owens-Ford Glass Co. (increased)
Liberty Aircraft Products Corp. (quar.)
Liberty Fabrics (N. Y.)
'
Life & Casualty Insurance Co. of Tennessee—
Quarterly
Liggett & Myers Tobacco, 7% pfd. (quar.).
Lily-Tulip Cup Corp
'
,
(quar.)
Common-
-
.
of Company ,;
Share
When*" Holier a
Per
Holdere
Payable of Rec.
40c
preferred
Lewis
Lone
Monday, March 3, 1947
[THE COMMERCIAL & FINANCIAL' CHRONICLE
3-14
$1.50
J'
2-28
2-28
2-20
2-15*
2-21
2-21
'i,"'„'"v
•
Number. 4573
Volume' 165
Per
U-*u
Jiame of Company,
When
Share
Skilsaw,-Inc: (quar.)------—
-Smith (Alexander) & Sons Carpet Co.-—"*
V. common (increased quar.)
Socony-Vacuum Oil Co.—
—
South Carolina Electric & Gas—
,7,
Payable of Ifct*
3-12
45c
,
Kolder$.
Name of
2-28 ;
'
35c
3-10
25c
2-10
3-15
2-14*
"
>
5%
preferred (quar.)—
62 Vic
—
California Edison Co., Ltd.—
t 6%
preferred B.(quar.)_
,—-—
Southern California Power NCo. lauar.)—
Southern Canada Power Co.—
;
(quar.)
Common
Southern Union Gas
"j
"
preferred
4*4 %
3-20
37y2c
3-12
3-
$1
3-24
3-3*
75c
,3-15
•
—
$1.25
—-
$1.25
Increased quarterly
2-15
5-15
8-15
15C
3-15
,3-15
33-
5%
4-15
4-11
:
I
3-
6O0
3-10
3-
3-10
2-28
3-10
25c
3-12
5-
36'Ac
V'i-
1
3
3-
50c
2-21
i">.
3-15
•:
3-15
87VaO
3-10
5
2-14
'}■
2^28
v
Extra-
Co.
—
:15c
^--7--------——•———-—
.
r'Extra
Wholesale
Phosphate
•'>;
2-28
,2-287
3-31
(quar.)
Mfg. Co
Stearns
sterchi
10c".
——
(increased, qua):.)
Ltd.
(quar.),—.—
Stix Baer & Fuller (quar.),
J3tokely-Van Camp,* common—„y
6%
prior preferred (quar.)—
ifitrawbridge & Clothier, $5 preferred (quar.)
.•Sun Oil Co.
(quar.)
Sunshine Mining Co,- (quar.) ______________
.Super-Cold Corp. * (quar.)—
.'Sutherland Paper Co. (increased)
Swan-Finch OilCorp. (irreg.)—__________
.'Swift & Company
(quar.)
;
SSylvanite Gold Mines, Ltd., common
$ 15c
•v
_____
3-15
3-10
:
2-28
1
2-28
-4s
.4- 1
.
4-
25c
17o
Goodwill
4-
$1.25
it
250
3-
.
3-10
.
25c
"
1
40c
3-
1
,
2-17
3-1
Tacony-Palmyra
250
2-15*
(resumed),——
Corp.
Bridge,
common—
•V-M:
Class A
(quar.)
(James) Inc., common
3-31
75c.
3-15
Baking Corp.,
5-
1
3-17
15c
4-
lfv
4%% preferred (quar.)
Telephone Bond & Share Co.—
it 7% 1st preferred (accum.),
4-
1
.
4
v
—
: / '350
.
Y.
,
3-15
:
Tennessee
25c
Corporation (quar.)
50c
Company (quar.)
—;
;
Texas Gulf Producing Co
200
50c
Texas Gulf Sulphur (quar.)
tit'-,.
25C
U Extra' r: ^
——.—
Texas & Pacific Ry., common (irreg.),,,,,,
$1
$1.25
V' 5% non-cum. preferred
Texas Public Service Co.
: 25c
(Del.) (quar.),—
Texas Southeastern Gas.——i.
'•:■■: 10c
2-26
"
3-
3-25
—
-4-1
Texas
5
2-28
3^ 8
:.i
2-28
3-15
'
2-24
3-15
—
_____
2-28
%
3-31
3-14
3-13
-
3-15
"
3-
8
7
Pictures
3-10
4-15
plane's
Martin
3-15
3- 8
Pioneer
corrections
only
airplane
more-
two
function
it
as
throughout
approaches ait
radio
beams
witto-
to
runway,
have been purchased by this»
than $500,000, K. R.
Ferguson, Vioe-
a
human pilot can detect a diversion of the air¬
will be installed on fleets of Boeing Stratocruisers and.
transports now being built for Northwest Airlines.
The equipment is the PB-10 automatic
pilot, made by the Eclipse-
division
3-15
3-
3-31
airplanes for
3-31
3-15
3-20
4-19
5
Northwest
the Bendlx Aviation
;3«- 7" ;
4- I
.
3-15
4-18
4-18
3-31
3-15
2-15
$1
3-15
2-15
,!
3-31
1
3-19
4-
1
3-19
Operating
3-10
2-10
Uncollectible
.50c
"
6,046,705
Cr964,357
55,671,650
9,189,748
12,486,425r
$816,605
$7,318,820
2-11
444,54ff
270,888
7,009,519
$7,631,849
6,642,943
3- 7
-rV, 165, p. 341,
2-
3-13
2-11
3-13
,7
'VtiiT
7
$2.50
6-
$1.25
6- 2
3-31
3-
3-15
1
3-
4-
1
3-49
8-15
;7
8-12
5-15
'
50c
,
$50c
3-15
25c
Service
common
stock, $3
Ohio Associated Telephone
1
Period End. Dec. 31—
Agent-f-
165, p. 1072.
$258,688,.
1946—12 Mos.—1945
$1,880,449
$1,295,48&
$114,641
244
134
$258,444
$114,507
$1,878,485
7 200,480
102,411
1,376,551
818,429
32,592
14,347
231,289
289,779
$25,372
*$2,251
*8,392
$270,645
$185,72T
173,734
117,125
?
1,964
»
1,560
"
3-15
3-15
par value.—V.
Co.—Earnings-
; 1946—Month—1945
Operating revenues
Uncollectible oper, rev.,
2-25
1
Co.—Transfer
The Chase National Bank of the City of New York has been
appointed
5
4-1
4-
>725c 7
^7;
f
43,067,959
,
Public
transfer agent of the
$$1.75.7
5,279,217
;'"AW '
2-25
4-
rev..
Northwestern
5-15
150
2
oper.
Net
X.;
250
1946—12 Mos.—1945
$541,319
3-15
u
1946—Month—1945
revenues
operating income"
Net after charges
$30o
7
Period End. Dec. 31—
i/.
7
$5,898,953 $72,180,218 $63,186,233
2-17
4-3
7|7
754,645
2-17
37%C..
2696.
p.
$6,575,181
3-15
(quar.)
7"!
Operating revenues _T"
Operating expenses
Operating taxes
1
3-15
4-
,
$5,911,197 $72,290,905 $63,268,64fr
12,244 '
110,687
82,4Ifr
3-12
.•
.
autopilots in operation on ito
PB-10's, being all-electronic, and having:
perform all of the present tasks of the*
$6,588,054
•12,873
$1
40o
Corp.
hydraulic
Northwestern Bell Telephone Co.—Earnings—
4-
:
had
The
7such systems incorporated.—V. 165,
25c
$20c
has
years.
hydraulic
2-27
$1
10
functions.
4- 9
,
Airlines
controls, will
autopilots, and in addition will have their own enlarged,
They are so constructed, it is explained that as flight
control
features
are
further developed
and
other
improved
flight,
techniques are demonstrated to be acceptable, the PB-10 can hayer
3-10
;
'
50c
(quar.)
of
coordinated
!
•:
Operating
revenues
22%c
3- 6
2-20
Operating
expenses
$1.12%
4-1
3-15
Operating
taxes
S- $
*
$1,293,926
2-20
$1.50
Net operating income,
(one share of Golden State
Y'K
3-
5
Y.
Net
2-20
after
charges-,,,.,
7"'Deficit.—V. 165,
$1.25
4-
1
7-
7,934
p. 577.
3-18
$1.25
(quar.)
6-18
4-10
3-26
250
3-15
2-15
50o
Brake
1
50c
;
Air
not
an
before
4-15
7'
'
airport
of.
of
intersection of
3-0-3
•L'7 $1.50
Westinghouse
the
cost
a
which
control
an
path,
7-15
r
■
Newly Developed
President, engineering and planning, announced on Feb. 17.
•
The newly developed automatic system, more sensitive to
changes to
airplane's attitude than any human pilot, and capable of makingr.
1
$4.50
..
of
at
8-1
':.
7 5%
preferred
.7. Common
feet
5-
,7;K7 $1
Brothers
Installs
the
50c
& W., Ltd.
(quar.)
Stock dividend
l."7/
3-
3-20
$$l
Co., Ltd., for each 50 shares held)
Western Tablet & Stationery Corp.—
,v';
5%
preferred (quar.)
2-28
<
1
8
:**7;.;.
;
W—
'V
3-14
.
4-
$1.75
G.
Mills
few
a
$1.75
25o
Pump Co
Wellington Fire Insurance Co. (s-a)
Products, Ltd. (extra),,,!
West Virginia Pulp & Paper (quar.)
:, .Special:
West Virginia Water Service
Co., common,,
$4.50 preferred (quar.)
*
;
Western Condensing Co.
(initial),,
"3-15
,
a
1
Westeel
...<
3- 1
ln
3-15
V*
Inc.
pilots
flight but can continue
airport and guide it down
3-
Wayne
i,
3-20
6-20
750
preferred (quar.)
Waukesha Motor Co. (quar.
3-15
*—~———
(quar.)™,—
•
1
3-
(quar
(Hiram)
automatic
1
$1.50
common
Airlines,
All-electronic
7-
4-1
$6
3-15
$1.25
56y4C
V? $5 preferred
Talcott
3-31
1
75c
,
Northwest
4-
-
-
; i3y4o
77:13'Ac
T $1.50
(s-a)*
7 shares of Minnesota.
7
common, 0.7 of a share of Minnesota.
; '
preferred, amounting to $7,308,441.
Automatic System—
12- 1
;
3-15
Common
,W
12-10
-
*
Washington Railway & Electric—
5%
preferred (s-a)
L„
/
5% preferred (quar.),,,,,
i
Washington Water Power Co.—
:
2-17
4-1
t2c
1
Amulet
Warner
ft:
2-28
'$20 ^
9-
1
62 Vic
'
tSymington-Gould
9-10
'
Corp.
shares of Minnesota.*
6.3 shares of Minnesota*.
7
.
2
Station.,*,
Building
'
preferred,
cumulative preferred,
totaled
37ViO
"
th»
Electric output of this company for the week ended
Feb. 22, 1947,
55,741,000 kwh., as compared with 48,103,000 kwh. for tho
corresponding week last year, an increase of 15.9%.—V. 165, p. 1072.
;
37VaO
'
re¬
of
Weekly Output— -v.ivY.'yV.'
1
6-
.3-
50c
^ Extra ' !
■.
2-28
4-
3-
6-10
$2.50
I
States
be
stockholders
arrears on the Delaware
corporation
Ltd. (quar.)
Co., common,
preferred
(annual),,^
Wamsutta
2-24
S
3-14
•
3-10
i
Walker
2-25
3-15
500
—
7
3-31,:. ;3- 1
10c
^
1
3-15 !«'J
'■
10c
1
3
3-10
$2.50
Mines, Ltd. (Irreg.)
Waitt & Bond, Inc., $2 pfd. ^initial
quar.),
Walgreen Co., common (quar.)
4%
preferred (quar.)
„
2-14
15C
Cotton Co.,
preferred
Waite
3-20
,
3-10
3-
*
Wagner
3-20
.
1.7.:
;/■
12-22
3-20
15C
i,___
Northern
corporation,
to
,
1-2-48
$9c
the
of
Delaware
would be eliminated
by payment in cash by the Delaware company out
its net assets of
$2,450,000 and a dividend of $4,900,000 to be paid
to Delaware by Minnesota7
' "
777
'
6-20
25c
$1.75
Extra
3-17
3rl2
25o
—
P Common bearer
3-31
*
250
.,
-
:
$1
Detinnlng Co., common,,
(quar.)
'
1
7-1
$1.75
preferred
The
4*/a%
■
■
$1.75
1
the
be distributed
of
9-20
:
Wabash Railroad
4-
250
Brothers,
5
2-25
3-21
■
10-1
7-y7v.
(monthly)
(monthly),,
B
Wacker-Wells
Stores
Bros.
Btedman
1%
& ;'7 Acid
3-
7
by
cumulative
of 6%
shares
common
,
62%C
(s-a)
A
Vulcan
3-5
3-10
3-
share of 7%
.Dividend
.
62y2C
preferred (quar.).
Wabasso
'600
3-
4-1
4-1
each
each share
™r-j&ch share of class B
'
1
subsidiary.
a
the
owned
For each share of class A
common,
;
3-15
3-
62 %C
(quar.)
;WJR
3-5
.4- t;*
For
2-27
1
3-12
$i
Corp., $4.50 preferred (accum.),
$3 prior preferred (quar.),,,,,
•"
'
Works
preferred
Class
r;
3-15
■
;
62 %0
Vulcan
3-15
•
,
j
■
4-15
'
$3iy4c
$3iy4c
i—!——1—
Standard
2-28
25c
93%o
______—__
(participating convertible preferred (s-a),
i
2-10
; -• 3-15
35c
*
(Ohio), common—_,,
preferred A (quar.)
Standard Pavings & Materials, Ltd.—
33A%
2-15
3-10
37»/20!
Standard Oil Co.
.
3-15
3-12
Vv 4-
15o
i
(quar.),
Class
'
65C
40c
$1.12%
that
all
8,102,736 shares to
corporation as follows:
For
1
(Delaware),
(Minn.),
into
Delaware
3
4-
30C
"5% preferred (s-a)
Viking Pump Co.____,__
-Virginian Railway (quar.)
6%
preferred (quar.)
;.'V 6% preferred (quar.)
iVisking Corporation—
2-21
i *
'
(quar.)
(Indiana) (quar.)
Standard Oil Co. (Ky.) (quar.)
7
3-
4-15
Co.
provides
Co.
3-, 3
;
3-15
7
Plan
classified
7
$1.75
preferred
Common
^,
; 4-15
3-20
.
•...-■2-
3-15
50c
Freeze, Inc., (quar.)
Quarterly
Viceroy Mfg. Co., Ltd. (irreg.)
Vicksburg Shreveport & Pacific Railway Co.—
2-26
3-
$1
40C
94C
"
Standard Oil
.
„
Velvet
1
2-28
"
3-10
,
Power
The
Power
50C
7%
2-15
3-15
2-24
*
433Ac
••
Vapor Car Heating Co., common
7% preferred (quar.)„,i
5
37 %c
,
—!*—
37V2C
Oil of California
,
Standard. Gas & Electric Co. has asked the SEC to
approve *
plan for the liquidation and dissolution of the
Northern
States
-
1%
$1.12 y2
.
(quar.)
5-19
"
(quar.)
Steel
7%
3-15
$1.50
—
Squibb (E. R.) & Sons, common
-1
$4 preferred (quar.) —
Staley (A. E.) Mfg. Co., common (increased)
'/.• $3.75 preferred (quar.),,;—
Standard Accident Insurance (quar.)
Standard Brands, Inc.—
Common '(increased
quarterly,-—
$3.50 preferred (quar.)
Standard
.
substitute
2-17
9
30c
Light_,__„
Vanadium-Alloys
„
35c
(quar.)
;
,,,,
50c
—.—.
'•
»u
Northern States Power Co.
(Del.)—Plan Changed—
The
2-17
.3-10
6-
$i
prior preferred (quar.),.
piror preferred -(quar.)
5%
5
3-
i
:
;>•
3- 3
$2
v
56»AC
v 5% prior preferred (quar.)
Van Norman Co.,,,,,,
1
3-15
&
*3-10
-
,7.11 $2
Wallpaper, Inc., 4% preferred (quar.)
Power
When
Holdert
Payable of Rec.
-
(Dallas)—
Sparks-Withington Co., 6% pfd.
Spencer Kellogg & Sons, Inc.—■
.
3-15
9-15
preferred
.
(Utloa Knitting Co., common
(quar.)
5% prior preferred (quar.)
2-15
$1.06V4
———-——
Spiegel, Inc., $4.50 preferred
Spindale Mills, Inc.,.
•Utah
,
'
Quarterly
3
6-16
-
$1.25
Co., common (qufir.),-
Insurance Co.
Life
Southwestern
t.
1233
Y
Per
Share
*;<»:> $1
Universal Products Co, (irreg.)
.vUpson Company, 4Vi% preferred (quar.)
Upson-Walton Co. (quar.)
i
4-18
4-15
,V;,
non-cum.
United
'5-15
•
7%
j
$$1.50
$250
YY
Company
S. Rubber Co., common .(irreg.)
preferred (quar.)
v':.8%
prereired
(quar.)
U. S. Spring &
Bumper—
4Vi% conv. preferred (quar.)
U. S. Steel
Corp., common.,.
U. S. Tobacco Co., common
4-18
,
(quar.) _—
Co. (increased)
;
Southland Royalty
2-20
(quar.),,,,/
preferred
non-cum.
3-15
;5-15
*
<
5%
3-20
25c
6%,
'
1
37 Vic
i~T
participating preferred (quar.} _
Southern. Natural Gas Co-. (quar.),,„
Southern Pacific Co. (quar.) _—
Southern Railway Co., common (quar.)
5% non-cum. preferred (quar.),
6% non-cum. preferred (quar.)
V
4-
"
Southern
.
*"v4
THE COMMERCIAL & FINANCIAL
CHRONICLE
3-10
Ohio Bell Telephone
.Period End. Dec. 31—
Co.—Earnings-
1946—Month—1945
1946—12 Mos.—1945
•
Texon
Oil
&
Land
Co.
(quar.)
10c
—.
3-11
3-20.V
.
'
Weston Electric Instrument
"
Thew
3-15
Shovel
$1.75
Co., 7% preferred (quar.) —
35c
Co., common (increased)
$1.06'A.
preferred (quar.)
! 25c
Thompson Products, Inc.,„ common
4%" preferred (quar.)
—- :v.,$i
Tide Water Power. Co. (initial)
:15o
(quar.),,,—
:
25C
Tilo Roofing Co.
(quar.)—
——;50o
Timken Roller Bearing Co.
(quar.)
Tobacco Securities Trust Co., Ltd.—
...
American deposit receipts ordinary
12%%
American deposit receipts deferred
11%%
2C
Tom Bell Royalty Co.——i
25c
Transue & Williams Steel Forging Corp
Travelers, insurance Co. (Hartford) (quar.),
$4
Trinity Universal Insurance Co. (Dallas) —
'/
25c
t' Quarterly
25c
Quarterly
3-21
Thomas Steel
4»A %
;
5
:
3-
i:t
3- 6
,
3-15
,3-15
73- 1
7
:
3-15
,
3-
2-28
2-25
3-
,Y:';3- 5
*3-24
:,2-14
3-24
''
3-31
:
—
3-10
11-15
25c
'Truax-Traer
I> Extra
Coal
(increased
quarj
!
.
——
,
35c
i
.,
_,
Tuckett Tobacco
50C
,
Y
8- 9
>
(quar.)—
$4.50 prior preferred (quar.)—
Twin Disc Clutch Co. (quar.)——
208 South La Salle Street Corp. (quar.)
Tudor City Seventh Unit, Inc.—
> 6%
preferred (accum.)
Underwood Corp.
:
"Union Bag & Paper (increased
quar.),,,
Union Asbestos & Rubber (quar.)
Union Carbide & Carbon Corp.
(increased)
Union Oil of California, $3.75 pfd. A (quar.)
Union Pacific RR., common (quar.) —_—
37y2C
$Li2ya
.3-15
3-31
7
3-31
pfd.
$1.50
convertible
preferred
Y
3-31
3- 8
3-
8
3-
w
3-25
4-
62%C
3
Wrigle-y
"
500
Elastic
preferred
£ 5% preferred
jr
—--
,:
.
common
'U.
30c
3-10
4-
$1.75
.
common
(s-a)—
—
1
3-
Playing Card Co.
"9. S. Potash Co..
rrrr.Tr
—
4-
1
4-
1
3-12
4-
15C
3-12
•
tPayable
7'
2-21
$250 7
4-10
3-24
35%
3-
7
1-31
3- 7
7 7 4-1
2-24
20%
7
Stock—
2-28
"3- 7
■
books
50c
3-20
7
for
funds,
5
sion
3-20
1
4-19
7-31
7-31
4-1
20c
tPayable in U. S. funds, less
3-
3-17
3-15
3-10
2-24
50c
3-
4
3-
1
2-
,
;
deductible
4
2-
'Operating
3
,
Net
;
55c
4-
1
3-12
f
4-
1
1
6-16
4-
1
2-24
4-
1
;
the
source.
Non¬
;
$2
-which
Power
West
3-
3
$3 ;
3-
3
2-27
*
3-
3
2-27
3-15
3-
1
3-31
3-
8
50c
3-15
2-14
3-10
2-28
1
6-19
22 Vic
7-
£
3-20
2-28*
"
6-20
5-31*
40c-3-
9-20
8-30*
40c
40c
The
4
2-27
3-
4-
1
4-
1
3-15
25c
3-15
3-
1
Feb.
25
made
/
West's
soon
V. 163, p. 3295.
application
as
*
p;
42,069'
13,462,210
11,727,616
revenues,,
$
12,797,478
153,086,219
144,666,93®
11,768,716
129,977,436
100,881,67®
840,942 Cr2,827,376
income
'
153,596,914 145,066,035
47,197
510.695
*
399.099.
893,652
3,856,138
3,312,348
2,783,447
11,664,667
27,131,97®
16,653,28'*
11,444,116
20,219,417
20,880,972
341.
&
Transport. Co.—To Issues
stockholders
will
in
ap
advanced stage.—V. 165, p. 577.
'
/
,
'Y
■•
'
The
public an amended dissolution plan in
distribute common stock of Wisconsin
A
directors
like
have
amount
112.
p.
Y 'Y;'
a
dividend equivalent to 32 cents per
payable March 17 to holders of record Feb*.
paid on March 1 and Aug. 31, 1946.—V. 165*
declared
was
'
Y": '
'V
'■
Y
■
YY'".
■
,
Y'
!
that
the
company
would
be
_
.T
the
18,
common
Payments last year were as
75
.
Pennsylvania Glass Sand Corp.—Dividend Increased—
The directors on Feb. 25 declared a quarterly dividend* of 35
on the common stock and the usual quarterly dividetid
_
share
the 5% cumulative preferred
to holders of record March 14, 1947.
-per
1
practicable after the effective date of the plan.*—
Y"
tho directors declared a dividend of 75 cents per share*
stock, payable March 14 to holders of record Feb. 28.
follows: March 14, June 14 and Sept. 14f*
cents each; and Dec. 14, $2.25.—V. 164, p. 2696.
On Feb.
-
,
stated
;
Penick & Ford, Ltd., Inc.—75-Cent Dividend—
7%
also
'
share on the capital stock,
28.
on
dissolved as
*
j'.';"
•.
1946—12 Mos.—1945
: <
12,844,675
to
other stockholders.
North
r
rev.,
_
of
be
Light
of the company's
i
:
Panjepec Oil Co. of Venezuela, C.. A.^-Distribution—
Co.-—Changes in Plan—
proposes
13,504,279
taxes
operating
"the
to
i
prior lien preferred would receive 10 V2
shares of common of Wisconsin, and an amount of cash equivalent to a
.dividend rate of 7% from Dec. 31, 1946. Holders of 7% preferred stock
would receive 10 shares of Wisconsin common and cash equivalent to a
7% dividend from last Dec. 31.
r;
Under the amendment plan, Middle West as owner of all of North
West's $6 cumulative preferred and common stock, would receive all
f assets of North West that are not
required for the proposed distribution
Holders
3-15
$1
on
company
oper.
$
v
expenses
165,
which
Co. io its stockholders, other than its parent, Middle
Utilities Co., instead of cash as proposed in North West's original
&
723.
p.
will vote March 18 on, approving an* authorized
120,000 shares of 4% cumulative preferred stock, par $25*
be exchanged for certain oil producing properties whicfi
the company plans to acquire.
Details of the proposed acquisition,,
it is stated, have not been completed, but negotiations are understood
•
program.
;*to
50C
SEC
the
165,
New Preferred Stock in Exchange for Properties—
,
2-24
*
3-25
|
-
140,000 shares of stock.—V.
Pan American Petroleum
•
/
Canadian non-residents' tax.
/(Continued from page 1196)
North West Utilities
'Ar
.
'.(v,
at
British Income tax.
Investment News
3-17
7-
■
after charges
-V.
General Corporation and
'
V
1946—Month—1945
'
'
revenues
Operating
issue
2-21
along with
'
1
Operating
7
3-11
'
7
■
2-21
3-
•
,
23
Uncollectible
2-27
3-
'
1
operating
7
250
for
t;
Dec.
on
this dividend.
15%
,.
Period End. Dec. 31—
3-15
20C
;:
Less
Invitation
Pacific Telephone & Telegraph Co.—Earnings—
3-15
4-30
"
37 Vic 7
—
a
Co.—Public
The Standard Gas & Electric Co. has decided to postpone its proposed
of 750,000 shares of Oklahoma Gas & Electric Co. common
stock which were registered with the Securities and Exchange Commis¬
5
4- 2
.
37yao 7
tax
Electric
&
Standard Gas Postpones Stock Offering—
.
*
12 Vic
——-
closed
Gas
3-. 5
4-
25c
—
33-
3-20
7 '25o 7
& Wire (resumel),-;,
7 77
$1 7
(increased),.
$6C
Gold, Ltd. (interim) —
not
J,',;, 849,094 ^13,533,397,,* 9,618,065-
Company is inviting written proposals for the purchase from it of
140,000 shares of common stock (par $20).
Such proposals will b»
received by the company at Room 1117, 231 South LaSalle
Stl, Chicago*
1-31
73-20
$1.12 */a 7
(quar.)_„_—___
Canadian
$1,001,324 $13,707,850.$10,057,929-
1,111,625
4, Illinois, up to 10:30 a.m. CST, on March 4.
$1.12 */a
*
15"%.: resident tax 7*%..
$1,125,946
offering
Jamaica Income tax.
In
tax
"
Proposals for the Purchase of 140,000 Shares of ComMUtt
3-15
3-31
25c
;S;
2
$50c
7
Oklahoma
2-28
25c
2-28
25c
(quar.)
—1^——
(quar.)
'Transfer
1
50c
Extra
:
2-17
$3.50
Co
(s-a)
4
2-28
2 5C
■-
■;7.
—
Co.,^
1,086,615
p7341.\:V7V^;K;
1-15
Net
30%
xLess
$6,809,559 $85,987,288 $78,461,685
4,271,818
58,791,771
47,947,239
1,536,417
13,487,667
20,456,52»
5,389,457
taxes .7!—,
7
Spring
A.)
Consolidated
Zeigler Coal & Coke
2-28
;
3-10
25c
S. Pipe & Foundry Co. (quar.)
Quarterly
Quarterly
^
S.
3-15
$1.25
tJ. S. Leather
Co., non-cum. class A
Lines Co. (N. J.), common.
preferred
3-15
50c
"U. S.
-
.3-10
$1.25
"tT. S. Graphite Co
4*/2%
25c
$1.25
Specialities Co
_U. S. Guarantee
3-15
$7,602,018
expenses
Net: after charges
.
(quar.)
United States Envelope Co.,
£.v * special
y
7% preferred (s-a),_
4-30
$6,822,389 $86,183,583 $78,588,139
12,830
196,295 ;
126,454
16,312
reM-
V'' Net operating income"
;
'
$1.75
$3 participating preferred
^United
$1.50
%
Youngstown Sheet & Tube
'
—
United Milk Products
Co.,
2-28
Company—.7v-7;.':' •7."77
Corporation
(L.
Young
3
75c
—
(quar.)
3-17
oper.
revenues,,"
Operating
Operating
Operating
3
3r
$1.25
United Illuminating Co._„—
United Merchants 8c Manufacturers—
b}'5% preferred (quar.)
:
3-
6%
.Yukon
2-20
1
4-1
Cab
resident
United Electric Coal Cos. (quar.) —
—
United Engineering & Foundry, common—
7%
2-28
20C
-
■
.
3-10
I
.
(quar.)
Corp
1
3-10
20o
$1.12 Vi
.77
convertible preferred (quar.)
convertible preferred (quar.)
vYolande
3-10
1
3-10
:
>
3-18*
•
3-17
4-
4-
$1.50
United Carr Fastener Corp. (quar.)———^
United Dyewood Corp., 7% pfd. (accum.).
United
4-
—
(quar.)
(Wm.)
Yellow
2-26 i
4-2
$2
,
.
—
v*
$i V*
933Ao
'
-—,
,
3-31
17 %c
*■
.
£'5% preferred
3-21
—V. 165,
Jr., Co. (monthly)
Yates-American Machine Co.,!
-
3-20
3-15
50c
.
(s-a)
—
4-1
$1.06 */4
*—
3-14
.
1
$i
.
'Union Sugar Co^..(quar.)—_
Union Wire Rope Corp.—!
"United Artists Theatre Circuit—
$1.121/a
...i
Combing Corp. of Canada, Ltd. (quar.)
Wool worth (F. W.) & Co., Ltd.—
Ordinary (final)
:
:
Ordinary bond ;
7,-. Wright-Hargreaves Mines, Ltd.,—,,,,,
Worthington Pump & Machinery Corp.—
77*
Common
(increased)
4'/2% conv. prior preferred (quar.
4Va% prior preferred (quar.),,
——,
6%
.
_.—
preferred
3-10
$7,618,330
revenues
Uncollectible
3-10
Wool
'
50c
.
,
5%
3-24
3-14
Woodall Industries, Inc.,
common
Woods Manufacturing Co., Ltd. (quar.)
Woodward Governor Co.
(quar.)
.
£
250
—
Y
75C
•
ji
2-28
2-28
4-15
(quar.)
7%
Co., Ltd.,
Twentieth Century-Fox Film Corp.—
Common (quar.)
5-10
11-10
,
,3-10
3-10
$$1.75
preferred (1897)
Operating
2-24
15C
2-21
8-15
,
Co.—
Power
Wisconsin Power & Light—
7 4Va% preferred (quar.)
7 Wiser Oil Co. (quar.)
2-28
5-15
——
.6%
Electric
*
100
C* 7';
3-15
:
3-12
-
Wisconsin
Y>13.Y
i 12-14
Co
Willys-Overland Motors, Inc.—
;7 7,;v;.y
7i $4.50 conv. preferred series A (quar.),,
Wilson & Company, $4.25 preferred (quar.),
Wilson Products, Inc.
(reduced)
1
4
c" ,3-15
r
Motor
Will & Baumer Candle—
J 3- 4
—
,
White
(increased)
.
share on
Previously, the company paid regular Quarterly
share on the coipmon stock,—the lrst one on
p. 3148.
w
per
cents per
of $1.25
stock, both payable Apritv
on
dividends of W
Jan. 1»
fpnt*
cen^
$
vV J
/
/
i
1944
1945
1940
For
1943
Operating revenues —
Operating expenses—-
$858,992
1,040,519
$401,825
1,004,126
$4,156,130
4,182,714
{$181,527
{$602,301
{$26,584
Cr86,148 * Cr230,455
20,578
$341,552
184,645
58,414
51,107
207,656
190,623
income
{$153,793
{$422,953
{$254,818
—
10,529
10,212
40,446
Net
$4,256,899
3,915,347
Net rev. from ry. oper.
.
the
sales
Cost
of
Ended
Years
Dec.
31—
777
7'
1946
,
4—
Selling, admin, and general expenses..
—
Gross
Other
income
Total
income
Other
—
,
Total
income
deduct,
fixed
Total
{$143,264
{$412,741
{$214,372
1,970
—
from
1,087
49,021
56,173
charges—
»
income
excess
225,149
•Incl.
Net
$463,449
$447,557
308,300
292,399
106,444
164,
oper.
expenses...
oper.
k
to
and
including
the
2,
Jan.
plan
original
Other
Ordinary
initial quarterly dividend of 20 cents
an
stock, payable April
capital
par
1947.
1636.
.
77
■
■
.
Net
Net
—V.
■7/7.':"77 7TY7
i.
mechanical
it
reasons
is
not
possible.
inc.
CO;
38,798
40,591
$581,727
$2,491,443
$6,789,725
"
"
.
"
$95,759 "
Br21,758
,■140,026
$559,969
$2,631,469
$6,756,431
:'77
1947
•
120,496
■
17,9517
7
10,043
■
77
$78,410
Crl,850
"
,
$534,155 ' $2,742,937
7 382,293 ' 1,073,000
by
7/:7
f
.
Meade
the
Brunet,
RCA
y'7'
.*.
Named-
Corp.
Corp, as distributor
America was announced
of
Vice-President
RCA
of
Division.;
—
and
in
its branches in Italy.—V.
164, p. 2325.
t
''
'V
.77777.7;y7
Pittsburgh & Lake Erie RR.—Earnings—
1
Month
Railway
Railway
Net
77777'Y ;/7:7;
of January—
operating
operating
corporation on Feb.
stock
underlying
of
the
expenses
{1946
$2,101,012
25
announced
the
scrip
full
that the
certificates
'paid off.—V.
>
for
shares
Its ]
of
fractional
21,427
Net
most
Miscellaneous
Total
fixed
deductions
income.
from
charges
$11,969
Crl5,540
l.*
3,543
.
tion
Y
•Includes Federal income taxes.
{Deficit.
{Figures restated
etc.—V.
taxes,
165,
Gross
from
to
from
front
Net
Net ry.
1947
railway
8,425
*3,592
-
income...
•Deficit.—V.
165,
Pittsburg &
p.
944.
Gross
Net
from
from
-
railway—
Net ry. oper. income..
—Y. 163, p. 216.
•,
1944
$118,564
1,653
$9,597,179
.2,316,780
Y,
$143,260
$116,358
Shoe
in
shares
Board
41,813
21,357
23,245
Co.—1946
—.
$8,530,436
1,794,819
income
mon
1945
,
on
Net
t~V.
$6,218,982
4,919,279
of
the
$1
of
* *
1,092,332
Feb.
on
29 and
CftCil*
'•.■'7'
income
$1,300,033
467,198
;; $832,835
7
due
The
New
ex-interest
be
dealt
York
the
highest
2%
in
on
"Flat,"
Exchange directed
March
and
1,
to
1947;
be
that
1947, and subsequent coupons.—V.
1,
1947,
164,
that
the
delivery
a
p.
in
the
bonds
bonds
shall
settlement
must
carry
&
be
quoted
continue
of
the
to
Exchange
Sept.
1,
Corp.—Output—
output of the operating companies served by this
corpora¬
week ended Feb. 22,
1947, totaled 227,547,000 kwh
as
compared with 175,573,000 kwh. for the
corresponding week last year
an increase of 29.6%.—V.
165, p. 1110.
1
for
Net
r-'
20
declared
dividend
a
•'
'
'
of
25
cents per
"
the
,
*
.
■
-
•
directors
Feb.
on
of
*
v-
/
stock
Co.,
also
was
-
expenses
r
from
amount
of
cents per share on the $2.10
declared, payable May 1 to holders
AyyY'/-;
to
Chicago, 111.—Sold Five Million
.
,
,
..
'
.
,•
^
^
4
oce
goo4
'
/
.
"
^
-
1946—12 Mos.—1945
$5,049,072
4,913,14T
4,686,329
408,941-
>
- -
$17,312
deficit-/
ry. oper.
Other income
charges
;7:
TDeficit.
,-
165,
:v
2,135
7
$84,942
-
/
*'■•*
'
1,199
^3,430
,
982.
:,!
v
,27.633
-y. 31,804 y
:
14,304
5,460
401,151
$115,483
-
on
117,521
135,943
7778,3l2i
33,420
$74,416
$219,498
$277,404
11,479
tlncludes interest accrued
p.
331,384
.
>' 184,127 '
--
' $43,314
■7iv: "
3,527
Net deficit
•r-Vj
■■' 7? 9,638
Y"
*
328,059
$1,810
"
36,380
24,023
1,794
'
{Fixed
$162,743
$206,303
*$41,059
38,397
401,153
$005,709 7
r
outstanding,
$639,073
bonds,Ytinp^^
$
,-a
;
St. Joseph Light & Power Co.—Partial Redemptionhave been called for
redemption on April J, nex{, for accounl
There
;
of the sinking fund, $37,000 of first
mortgage 2%% bonds due 1976 a®
2%%»
due
a
<«♦*.
AS
102%- arid Interest.'
Payirient will be made at the Harris Trust &
h
Savings
P..
-o—,.
Bank,
2447.,;'' *'■ -•'
"
X—X-
s:
'
A.
1
;
...
tti
'
..
163
West
115
Monroe St.
r.■, -•■
-,■
f
-
•
.
trustee,
/
(YV
■
and practices.
Works—Earnings—
Operating
Operation
;,-7
revenues
1
■
i
u.
;
on
for
7.7-7:
income."—Y-i;
depreciation
"-v...,:,.
1—
;
profit
249,350
"34,199
,' :93,87T
?
131,880
96,911
$468,687
r:.
7,590
$453,709
Non-operating income
.
$1,074,905
'
111,383
96,000
04,543
—
7
1945
1946
312,751
57,069
7
taxes /_
Federal' taxes
Provision
'
m
$l,235i45T
—_~I—,
"
Maintenance
General
'77.;
;
(net)
r'
Y.
10,785
_
*
■
7
(
barometer that points to
pens were manufactured by hand and
was
cents per shar*
50
-U-
;;;
,
This reached only the
top bracket class in
QfiWftrtioiieii£.Sele+ 1*1
of
$367,882 ) $5,119,450
r
405,878 r
,
7 12 Months Ended Dec. 31—
holdings in three small subsidiaries
merchandising policies
JS reSnS
$423,188
______
San Jose Water
a complete revision
We have been trying
money^61^ & g°°d p6n Can be made t0 8611
_"Our first
dividend
a
.
,
a
.
above.~^V7 165, p. 579.
ry.
Misc. deduc. from inc.—
165, p. 944.
precedent is the sudden revival
pen business," Milton Reynolds, Chairman of the
board
an¬
on Feb.
21, as he left by plane today for
inspection of his
.|
"
"It may be that this is
7
■
1946—Month—1945
'
Y 7; operations
S Net
-
& Light Co.,
Plant),.
'
corporate and trustees' accounts)
revenues
revenue
—
'
xJ'c?m,?letely ""seasonal and without
the ball
nounced
declared
25
Railway tax accruals-Equip, rents (net Dr)__
Joint-facility (net Cr)__
share
J'
:
Pens in Eight Days—
Jraris
assets exceeding
current
.y•,
'
Pen
showed
end
year
Co.—Merger im ALeyanc^f-7Y
&
:
e
according to an application filed with
:
^epublic would dispose of its stock ownership in Mauch Chunk
Heat, Power & Electric Light Co., Renovo Edison
Light, Heat & Power
Renovo Heating Co. in
Exchange for 29,330 shares of Penn¬
sylvania Power's common stocks—V.
164, p.. 2963. * '
.* /'
•
;
; y
Reynolds
the
at
1945
on
the>-common stock,'
semi-annually instead of
paid-
$4,900,000 and
exceeded
$16,000,000.*r-V,, 165, p. 724.
Period End. Dec. 31—
payments
.
The company plans to sell its
of all known
ETectric
sheet
Railway oper.
Railway * open
the
in
in
,•
be
December
of
against current liabilities of $7,300,000 leaving a working
as
over
-S^7"(Includes
Engineering Co.- -25-Cent Com-
April 18, 1947.—V.
Pennsylvania Power
-
1331.
Public Utility Engineering & Service
of
;
will
mouth
company of shipments in excess of $5,500,000 per month,
the material shortages can be overcome.
77*7 77;
as
Gross
1, 1947, on the first mortgage 4% 50-year
is being paid at the Second National Bank, New
?^racts made beginning March
tion
those
over
The^usual quarterly dividend of 52M,
March
Stock
the
y/Y-YIyY'''
Curb—i-yy
'
.
convertible' preferred
Providence Terminal Co.—Interest Payment—
interest
The
Sales
Co.- and
gold bonds, due 1956,
Haven, Conn.
Feb. 24, said:
Rutland RR.-^Income Statement—
«
164, p. 3296.
The
$9,419,992
2,888,149
1,047,507
28 to stockholders of record March
payments were made on'thiS' issuei
June 29, 25 cents each; and Oct. 5 and
Dec. 28, 15 cents
'
in
330
450,066
.
on
the capital stock, payable March 25 to holders of record March 10.
7 Last year, the following payments were made: y March' 25 and June
25, 25 cents each; Sept. .25, 50 cents; and Dec. 20, & year-ena
of $1.—V. 165, p; 816/
;;:v7y;7;:'
the Exchange.
Electric
Dividend—
of record
$728,758
deductions
per share on the
hlarch 5 to holders of record Feb.
Jan. .2,. last, as compared with 6'A cents
on
on
the New York. Curb Exchange of
575,000
par common stock was approved on Jan
19 by the
of Governors
$1,299,703
$1,178,824
...——
and other
:1
-
-
$9,205,045
2,333,025
761,106
Republic Service Corp.—To Sell Units—
Gross
Net interest
,
tL Inih® 1946, the following
March
-7660
—i
.
thf,Sommon stock' Payable March
$7,403,401
6,225,237
Distribution—
10 cents
*(The) Ruber0id Cd.—To.Pay 50-Cent Dividend-r-
7
-
«'
$1,176,164
—.
*
;
;
1946, amounting to $10,000,000 -were
history, and represented a 38%rgain
Reliance
-Earnings—
——.
'
* *'
Of the shares listed, 475,100 are
outstanding and 99,900 are reserved for issuance against excercise of
warrants.
The shares will be admitted to
dealings at a date to be
announced later.—V.
165, p. 342. Y "
'
■
$134,435
30,266
:1946
paid
See Froedtert dfain & Malting Co.; Inc.,1
1946
1,063,080
the
balance
7) -Rockwood
1
0
' !•/.> 49,322
39,759
deductions
revenue
*
-
'
To Be Listed
;
Net operating revenues
Other income (net)...
395.
p;
*
...
or
capital
The admission to listing on
1944
revenues
operating
income—
14,911
1945
12 Mbnths Ended Dec. 31J
Total
railway
The directors
Portland Gas & Coke Co.Operating
1947
totaling 60 cents last year,
quarterly, it was announced.
1046
$137,793
71,331
54,931
dividend of
company's divisions broke all previous shipment records.
after the most careful study for the elimination of duplica¬
doubtful orders, is. well in excess of $40,000,000.
New facilities
$23,800,000
165, p.. 724, S
Sales
777-7.7 7y7; /77 7.j7
y7 7
1947
railway-.—
y
railway—..,;^
company's
Shawmut RR.—Earnings—
January-
.
/
•
1945
-
$90,462 "
$99,945
5,722
7: • 3,175
*7,661
*16,993
$68,767
railway
oper.
1948
307,375
the.
soon
The
y
outstanding bank loans to
15, 1947 the total amount was
V-V'
i;~
-'iV - ...-X
''
the company reported. ' ......y
The cotnpany'A annual ■ dividend
January—
as
Increased 38%—To Pay
Future Dividends
Semi-Annually, Instead of Quarterly
Pittsburg, Shawmut & Northern RR.—Earnings—
Gross
^
oper.
Regal
$23,701
award and changes in
wage
ry.
—V.
*$10,680
$245,156
—
include
-
from
Net
724.
p.
a
Rockwell, Chairman,
shipments
of
assure
had
.
..
January—*
3,808
•
$400,011 7
i—
income
Net
|
*—,
1946,
Reading Co.—Earnings—
Net
income
"208,504
Backlog,
'
24,434
$458,030
54,476
_
Total
13,
See Standard Stoker Co., Inc. below.—V. 162,
v;
{$12,465
$436,6031
'
456,128
.
greatly restricted our output and extended the time required for
building and equipping the new facilities for which several million
dollars
were
appropriated.
Nevertheless,
the
earnings
trend was
sharply upward for the year, and the linal quarter earnings exceeded
80 cents per share on the common stock.
j:-.; /y■7777^7';
shares
Read Machinery Co., Inc.—Merger Proposed—*
—
railway operating income
Other income
;
—7-
Sept.
$l,100,00Cv As of Jan.
151, p. 3251.
;
•
v.
of
as
2,539,492
{$438,480
$373,290
railway operations———a"
485,025 7' 190,276
•Railway tax accruals
y:
548,338 </
Equipment and joint facility rents (Cr).—
616,291
Net
company
amount of
the
1947
—•—
308,322
J
The approximate earnings for the year ended Dec. 31, 1946, exceeded
$3,000,000,YequaL to approximately $1.70 per share on the common
stock outstanding at Dec.. 31, 1946.;. This compares with net earnings
of slightly over $1,000,000 equal to 67 cents per-share for the year
ended Nov. 30, 1945. 7
•
Reconversion and' strikes in the steel,
coal and copper industries
City,
The
from
revenue
Willard F.
.
1
Ralston Steel Car Co.—Bank Loan Retired—*
7v§777;"'
$2,968,496
2,595,206
revenues
1944
$3,352,947
Yl,840,434
y
after which time any unclaimed portion of the proceeds
may become
part of the corporation's general funds.—V. 165, p. 1110.
"
;
corresponding week of 1946.—V. 165,
7'7
•
"
a share, were sold by The Chase National
of New York, transfer agent, 11 Broad St., New
the expiration of the exchange privilege on Dec. 31,
1946.
such scrip certificates must claim their pro rata
shares of the proceeds, which amounted to 58'Vs cents for each
l/24th
of a share, at the office of the transfer
agent before March 19, 1940,
1947, amounted to 141,149,000 kwh., an increase of 13,-
7 777;7-. y-7/.:
■,
"
per shard on March 5, June 5 and Sept. 5,: 1946..
•
,
{-'.
A dividend of 25 cents per share, v;as paid on Jan. 4, 1946, on the
old no par Value stock which was subsequently split-up on the basis
of four new shares for each no par share held.
;Y
•
1109.
'
$2.50, .payable
par
A like amount was
21.
in denominations of 24t.hs of
The electTic output of this company and its subsidiaries for the week
p.
" 1945
(
The
common
Philadelphia Electric Co.—Weekly Output—
;
w
724.,. Y V
p.
stock
common
upon
Holders of
396,000 kwh., or 10.5%, over the
724,378
i. The directors have declared
*
4
'
$2,434,800
$2,958,807'
"
995,201"" 1,303,328
Rockwell Manufacturing Co.-10-Cent
7
on
-y '
After March 19, 1948—
always
165,
1946
$2,217,795
..
1
Managing
•
.
-
-
—V.
PoUmac RR.—Earnings
&
1947"
from
railway.
Net from
railway-—'Net ry. oper. income—
^
*
International
International
Gross
Biondo, formerly European Sales Manager of the RCA Inter¬
national Division, has been elected President- of the Telonda Inter- >•
national Corp., which has headquarters in New York and branches
in Rome and Milan, Italy. During the past 20 years,-Mr. Biondo was
associated with the RCA organization in research engineering and ex¬
port sales work.
v.
v..,./...■ ■'■ '!>v• •_>!..vv-v v./
Dr. Alessandro Banfi, formerly Chief Engineer of the Italian Broad¬
casting Company, has been named Technical Director of Telonda and
head of
July i and Oct. 1, 1947 to holders of record
Sept. 15*. 1947, respec.tiy.ely,— V. 165, p. 982.
January—
$1,815,625
y v:-j: yv. .7,;
j
'
4,841,333
s.
$1,669,937
$151,862
165
;
IvRicIiiiiQiid, Fredericksburg
$80,260
anriouncement said.—V.
the
y'-,
year, payable April f,
March 15, June 14 and
G. A.
;
high,
each
128,578
transfer.
surplus
578.
of
in -1946 closely
approached
and, based upon current
operations,
year;
a-new
The directora on. Feb.15 declared Yhr'ec qHai'terly .diViclends of
$17$
on
the first, and second preferred stocks for the balance of the
164,110
,
$6,656,958
.
■
Rheem-Australia
war
reach
Rice-Stlx Dry Goods Co;—Declares Three Dividends—
$6,621,426
302,825
v
should
135,005
534,789 i?
.
169,769 T r17,906
inc... ;•;/
...
net
p.
139,931'
Yf
,
$2,510,973
$542,018
$108,248
(Cr).
of
the peak
1945,
sales
1110.
P.
;:7:i
10,449
Manufacturing
Pty.
Sales
and'Brisbane.
York, N. Y.,
ended Feb. 22,
andr Broken-Hill
Ltd., Australia's basic steel producer, is
presently operating two plants in-Sydney as well, as plants in Mclbourna
Dr33,294
$118,697
-
(chgs.)_
earned
21
Bank
■
.
Initial production, scheduled for early fall, will be confined to
6.
gallbn pails, the entire output of which will be taken by the petroleum
industry.
ordi¬
income
165,
Febt
However, they
as
v,
—
Because of the current shortage of sheet steel, production
probably be far below demands for this product.
Plans call tor
equipment to make a full )ine of steel drums and' pails to be added at
a later date.'
' ;
V "
Rheem-Australia, which- is jointly owned by Rheem.
Dr22,145 ■-
...
income
Director
companies in exact alphabetical
are always as near alphabetical
'■ 77:," : 7
arrange
164,
'
■
7,492,634
$6,535,959
253,766
Radio-Keitli-Orpheimi Corp.—Scrip Certificates Void
NOTE—For
position
'
$2,450,852
Radio Corp. of America—Distributor in. Italy
L'Hommedieu? Vice-President and a director of Johnson &
has been appointed President of Personal Products Corp. of
Mill town, N. J., and Chicago, 111., a. subsidiary.
He assumed his new
duties on March 1.-—V. 164, p. 1088.
to
77/7; v'".1 ';7
77777-
1 •
10,773,396
Appointment of the Telonda
Italy of all products of Radio
V777V:7yy-;
'
Phi)
Rheem, President, on Feb. 25 announced that Rheem-Australla'
Pty. Ltd, Australian affiliate; has acquired a 15-acre site in
Fremantle
Largest port in western Australia, and will erect immediately a
plant to
manufacture steel shipping containers. ?. ..
. .
Y
non-
from
from
to
Johnson,
order.
in
pens
Rheem Mfg. Co.—Affiliate to Erect Plant
1946—12 Mos.—1945
22,938
income
Deduct,
Personal Products Corp.—New President—
possible
Co.
931,629
ordinary income.
Extraord.
"V.v Paige D.
.
Ray
$542,929
>■'
...
ordinary income
Extraord.
value each, four shares of the new stock
of no par value stock held.—
to 650,000 shares of $2.50 par
w77N
^
well
a
/V., 77
Ri S.
;
Net
approved by
reorganization,
of
income,
nary income
.
p.
Jacobs,
'
SUn
994,978
-
inc.—
income
Deductions
was
164,
$1.34
those cf
Gross
,
being issued in exchange for each share
V.
Mel
.
The
days.
$117,904
-
15 to
no
This plan was later abandoned.
*
subsequently voted to change the name of The Perfect Circle
Co. to Perfect Circle Corp., and- to change the authorized capital stock
It
$2.58
$1,474,558 $13,224,248 $14,028,593
$1,112,882
V communication
par capital stock of
unlisted trading privileges
old
communic.
Operating
•
held.
Co.
by
field.
two
will
the stockholders
Of The Perfect Circle Co. on
Sept. 19, 1946, had provided for the
formation of two
corporations, viz: Perfect- Circle Corp., with an
authorized capital of 650,000 shares of $2 par value common stock
to engage in the business carried on by The Perfect Circle Co.; and
Cartonic Corp.,
with an authorized capital of 162,500 shares of $2
par value common stock to produce
and distribute other products
allied to the automotive supply field. It also- provided for the issuance
of four shares of Perfect Circle Corp. stock and one share of Cartonic
Corp. stock in exchange for each share of stock of The Perfect Circle
The
In
'
Y
revenues
Net
Corp. below.—-V. 164, p. 1636.
1947,
1,
2963.:
p.
$1,244,608
,
1946—Month—1945
revenues—_
Listing—
The Perfect
Circle Co. was removed from
on the New
York Curb Exchange and the new $2.50 par capital stock admitted
to dealings in its stead under the new corporate name, Perfect Circle
Corp.
On that date four shares of the new stock were issued by the
transfer agent in exchange for each share of the old issue held.
The old no par capital stock received 50 cents per share each quarter
March
made
was
drug
100,000
1
463
$2,395,149'
!
share
per
Total
per share on the new $2.50
holders of record March 7.
On
pens
the chain
.
have declared
directors
YAP
207
company—/—
,
day and reordered another 100,000. In w
have been ordered^ ^
" 777 "51
"This is a world's record for the "purchase of any kind of
writtw
instrument in this price bracket in this period.".•
77
7 8
Present
production of
Reynolds
is about 100,000 daily—v
1,166,600
—.—_.
350,000
some
delphia sold 56,000 in one
than a week,'fiv.e million
,
of
deduction
(after
profit
oper.
Perfect Circle Corp.—Initial Dividend—Listing—
The
tax
Period End. Deo. 31—
2447.
p.
Perfect Circle
See
2,373,618
;
90,800
730,775
;
1,569,350
surtax
credit)...
Total
Perfect Circle Co.—Stock Removed from
«
117,450.
RCA Communications, Inc.—Earnings—
income
(Cr)
{Deficit.—V.
sold
164,, p. 2448.: '3..T.^
$193,087
165,600
Federal
taxes
and
Minority int, in income of subs,
196,598
$201,407
—
,;"--7"Macy's
1,865,133;
,t
.
5,694
—V.
deficit
in
$5,606,865
,
profits
refund
,
-*>;"We expected to "put from $2,000,000 to $2,500,000 in advertising!
our new line this January to sell let $1.69 and
$2.69 a ciL
•-'back of
■"'
knee of
depletion-
tax...
Federal
Earnings
Net
and
income
Federal
$9,205
8,036
inc.
.—...
income
postwar
Misc.
—
——...
Depreciation
State
$33,716
42,921
——
$5,509; 383
97,482
$5,947,291
profit
$5,717,517
\ 229,773
"'distributor
Equip, and Joint facility
rents
—7
ry.; oper.
the^ best
v
.
•Railway tax accruals—
Net
be
family at $3.85.
$31,997,690 $31,169,104
21,616,496
21,750,606
3,983,225
4,523,506
of intercompany sales)-—-.Y.—
(excl.
sales....
we decided that the cheapest writing
instrum
writing instrument and so we put out thp p„ ,n{
' • 7
x
i1•
"Meanwhile, we were having new machinery' created and invent'a'1
new methods developed.
We had hired chemists from all over thp !??
to develop a writing fluid.".{hat would function with a millimeter u ?
should
"
7^1945
-
".At Christmas time
f
Quaker State Oil Refining Corp. (& Subs.)—Earnings
Peoria & Eastern Ry.—Earnings—
Period End. Dec. 31—
Monday, March 3,
1947
CHRONICLE
THE COMMERCIAL & FINANCIAL
1234
were
sold for $12.50.
we made
_
an
un-
WaS mad6 " the mlddle of the summer
before
deductions
Deductions
;
Dividends
Balance
101,902...
$476.283
256,203
$362,592 -',
a';. 35,626
$220,080
35,626
$464,495
7
a
Net income
for the smallest
the luxury field.
bracket slumped off,
Balance
on
L_—Y " Y
—
preferred stcrck
available
.
;
for
common
7;
stock
BALANCE SHEET DEC.
—7
31,
$326,966
1940
r
;^
"t
$184,453
.
,77'7
"*ASSETS—Plant, property, rights, franchises, etc. '(after reserve for
depreciation of' $1,238,014),, $7,124,813; sinking fund deposits, $25,000;
unexpended cash advanced by depositors for construction under lin&
extension
agreements,
$80,900;
cash
and
working funds, $230,542;
accounts
receivable—less
reserve,
$103,132;
materials
and
supplied
Volume 165 ■' Number 4573
$184,413;, prepaid ^accounts.
THE COMMERCIAL & FINANCIAL
CHRONICLE
$61,113;
miscellaneous
and
total, $7,810,172../
charges,, $258;
deferred
*
;
*>'V v'
CONDENSED INCOME
•
Opers^ of
Receivers
X
deposits,"$3,403; consumers' extension deposits, $340,413;
sumers' meter
$61,437;
unamortized
premium
Oper.
'»
debt
on
expense^,$92,929; 4%%: cumulative preferred stock (par $25),
$75.0,000; oolnmon stock (par $25), $2,002,175; capital surplus, $131,994;
earned, stirplds, $545,242; total, $7,8lu,i.'<2.;~
and
j
tv
headed by Dean Witter & Co. was awarded 30,000 shares
stock on.Feb. 25. on their bid of $42,139 a share.
-;.-V
A syndicate
of common
165,
$4^.50, contingent Upon approval by regulatory bodies.—
982. j;1y...' v.
\?y:
p.
General
Corp.
.
has
A
been
\
Santa Rosa Mining Co., Keeler, Calif.—Files with SEC
Feb. 18 filed a letter of notification with the SEC
for 98,000 shares of common, to be offered at $2 a share. The shares
are to be sold through President and proceeds will be used for develop¬
ment purposes and tor working capital.—V. 165, p. 579.
income and
&
retired with assured income
been
have
There
125
employees
12,244,342
12,264 shares through
cumulative
stock
•...„\
The
proceeds
these
of
mainly to retirement
due
2,904,726
3,181,218
sales
Feb.
on
were
1,
applied
by
Seaboard
*
Finance
1947, of the $2,960,000 5%
Co.
debentures
3,209,280
19,695,884
18,906,720
4,621,221
2,875,924
■^u®'
6,084,220
Co.
ex-
1955, and the $768,750 4.88% subordinated
to
terms
of
has
the
Seaboard
the
agreement
privilege
of
with
The
taking
Mutual
down
3,457,612
2,651,686
6,109,298
2,603,929
1,555,115
4,159,044
3,244,741
14,048,763
11,125,533
730,449
301,592
1,032.041
1,181,868
11,534,471
3,546,333
15,080,804
12,307,401
35,946 Crl,170,431
-A-■/■''t«''
'/ /,
6,705 preference shares of Money Corp.
a former subsidiary of
National Money Corp., which
represented $134,100 of the minority Interest shown on the
Sept. 30, 1946, balance sheet, were redeemed at
The
4,572,891
10,804,022
note due Jan.
Life Insurance
$1,500,000 additional
during 1947.
4,621,221
preferred
balance of $750,000 was taken
by Investors Syndicate.
32,624,727
2,932,340
41,449,751
2,532,064
7,451,542
A
Financing
Subject
taxes, Cr
joint
net
ry.
Income
3,044,046
facility
debit
income
oper.
r1 Puer, «hare on Jaru 2- 1947. As a result of this call and mergers
subsidiary companies affected during the 12 months ended Dec.
31,
1946, all minority interests In Seaboard subsidiaries have been elim¬
from
investm'ts
other
inated.
sources
CONSOLIDATED INCOME
Schenley Distillers Corp.—Security Plan for Employees
.
1,011,071
1,114,494
series
of
Net
and
-
1,520,993
from ry. oper.
rev.
rents,
on
,
3,158,295
45,727,290
2,066,724
cess profits
Other taxes
Equip.
J"
company
Net
Federal
elected a director.—V.
The
28,182,954
19,589,338
to
i on
5,342,-263
18,519,304
increased by
were
attached
—
The management reports the sale
Dec. 31, 1946, of $4,250,000 of 4% subordinated notes
due Dec. 15, 1951.
Of the total $3,500,000 was purchased
by The Mutual Life Insurance Co. of New
York, with
The First Boston
Corp. handling the transaction.
The
1,851,538
112,403,393 130,210,498
1,327,628
18,198,301
27,528,989
—
2,260,565
New
.
Vice-President of Central National
151, p. "2792. -
Ross,
Arthur
Transportation
/Miscellaneous
y[A:-~y'<(;Ayy-y]yy:.i: :y'/ y y yyy
1,736,410
4,152,462
8,202,540
outstanding
warrants
share owned.
$
82,701,067
38,055,065
700,265
11,383,798
/ 1,830,667
{
83,676,915
21,062,299
1,775,307
795,291
Corp,, Ltd.—New Director—
St. Lawrence
•
equip.-
Traffic
'
•
of
/which entitle holders to purchase at any time to and including Aug. 1:
*^48, one share of common stock at $12,25 a share for each preferred
Receivers
$
1,542,599
struct.
&
of
■
67,749,707 ; 44,653,686
11,171,194
7,348,110
revenues.
way
Maintenance
.
,the shares at
v.
of
$
7,283,854
Common shares
exercise
1945
Opers. of
Year
34,331,677
,
Total oper.
Maint.
that the winning bidders expect to publicly reoffer
is'understood
It
„
1
Other
$
13,778,445
V>; 980,016
1,036,145
2,609,863
Express
y-
•
Total for
SALRR.Co.
49,345.238
'
Mail
■
Stock Awarded— y-y.y^yy^-ySy
.
1'
revs.—Freight
Passenger ;
•
<
Opers. of
1235
YEARS
-U946-
LIABILITIES—First mortgage 3 ■%' bopds,; series B, due Nov. 1,"1975,
$3,474,000;- accounts
payable,''$134,764;
accrued
interest,
$17,370;
•accrued
taxes,$253,476; 'accrued preferred dividends, $2,969; concontributions' for, extensions;
ACCOUNT FOR CALENDAR
Total
of this
Misc.
its subsidiaries, and 11,000 others are currently cov¬
by an average of more than $5,000 life insurance under the
company's comprehensive Retirement and Benefit Plan, it was disclosed
hast week in a booklet-report to all employees. of Schenley and its
/affiliates.
'
" L -11
»
'
'
'" '
The booklet reports that life insurance issued to employees under
the Plan totaled more than $58,000,000 up to the close of the last
fiscal year, Aug. 31, 1946.
In addition, it is pointed out, employees
and their iamilies received approximately $367,000 in medical, surgical,
hospital, sickness and accident benefits during the year and, in the
income
deduct,
from
inc. Crl,-206,377
corporation and
ered
Income
available
ACCOUNT, YEARS ENDED
SEPT.
30
'
./V/.,.,,.. V.',1
1946
Int., discts. earned, commissions on insur., etc.
$4,900,361
Income from Subsidiary Net
Consolidated: ,,, ;
./;;,
;'/
Equity in net income
59 642
1945
$3,410,680
,
.
for
»
"
—
fixed
Total
charges
fixed
12,740,848
13,955,986
16,251,235
9,263,355
662,496
14,618,482
19,545,774
*1,215,138
charges
3,510,387
2,847,891
Interest
income
Hi,'i3i
,
Total
Inc.
trust
created
in
to
1943
finance
retirement
income
at
states:
has
to
Retirement and
Jthe
1
x
'
*
1
i
\
Benefit
r
,
f Maint.
for
Maint.
•Deficit.
will
continue
entirely
...
Road
319.,/
at their annual
*
in
in
;
'
upon a proposal to split-up the outstanding stock on a four-for- /
basisa'i•», ;■ ■ <
.t.;.;-;...../
/ 5/i1 - ■»-•».• .•>•/.• iM*- v';//
The directors have, declared., a dividend of .50 cents per share; pay-
March
12
cents
each
of 50
stockholders
to
and
record .March
of
Three
5.
—,
„
funds—
affiliated
other
—
companies
companies
ft:
•
,wrt-
vv.'i1
v'
.
Bank &
cash investments
(U.
S.
Govt,
obligations)
dividends
i
stock
stock
Common
York, 46 Wall
*
liabilities—
1946
profit Alter all .charges and taxes
par)
^ cwnmon shares—
■ .share-/--^—
®J,000
Earned, jper
the
current
close
of.
liabilities
1946,
were
•
current assets amounted
$1,754,625.
The excess of
.
Deferred liabilities
497,000
;Maintenance
.•»
to
interest
and
demand
:v
$11,801,497 and
957,534
5,829,557
187,829
8,186,293
■ reserves,
otlwr Unadjusted:, credits-i-.ii-t--«.
of
in
*
subsidiary
%
;
the new company for ^he* last 'live
operations under the receivership which
.Was in effebt for the first seven months of that year. /
*
,
.
severally with
.
other carriers, of the securities and obligations enumerated below:
Jacksonville Terminal Co. ref. & extension mortgage bonds,-v ^
of
//V/series C
.—----—
••
J
~--
-Notes
payable
terms of not
-
—
-
than
more
President,
on
//
.•/.Looking towdrd
the future, it;is stated that the board of directors
a program, which will involve expenditures of approxi¬
mately $11,000,000 for the installation of additional automatic signals
«t various
locations over the 4,156 miles of road operated by the
company. New equipment Is estimated to cost $15,500,000. -1....' s
The report states that-the Smith is expected, in the next decade
«.v
has authorized,
The
year.
•
;
payment
capital
subordinated
ment
^;7l? total for'1945..
—
Company: also'
of
Aug.
—
assumed equipment obligations
l,
1946
in principal
Total ^securities'issued
carry
out- the
(or
to
! }
outstanding
amount of
authorized
$185,000,000
——
:
issued
be
13,063,000
to .' '
;
;
plan); and assumed—$198,063,000
total
principal amount of bonds of ..the old company-and its
exchangeable for securities pf- the .company under-the
reorganization plan is $150,791,000, of . which $148,026,900, or 98% tad been deposited for exchange as of a rfeceht date.
subsidiaries
.
be
of
made
in
;
U
to
before Jan.
808
774,970
138,162
69,510
Investors
1948
subordinated debs.,
fund
•
•
Campbell
——»
payable
387,570
95,455
.
130,007
.1,
768,750
,
.
a
«
;/-? -1/
gain
-
of 44.6%
nT
Canadian
on
2,960,000
/ 444,741
—
Exchange
3,000.000
248,301
768,696
Minority Interests in Subsidiaries Consolidated:
Money Corp. (Ohio)—preferred stock (6,705
shares at stated value of $20 per share)
Seaboard Finanee Corp. (Delaware).
134,100
6,174
8,326
1,960,000
1,960,000
3,59.3
—
outstdg., 70,000
no-par shares at stated value of $28
Pfd. stock, series B
share)
a
(issued and outstdg., 30,425
a sh.)
no-par shares at stated value of $19.25
Common stock (par $1 a share)
.Capital
Earned surplus
'
^ «■» w*—.
Total
U-——
•After
for
reserves
t50,000 shares
Ltd.
585,681
779,544
(stated
sidiary).
losses
(100%)
—
———-———
of
$756,096 in
of-common
at applicable
net
1,286,277
160,602
$40,679,952 $17,176,967
and $463,051 in 1945.
Campbell Finance Corp.,
1946
stock
of
value
asset
592,908
3,423,452
432,308
surplus
based
books
on
of
the
sub¬
I After
reserves for depreciation and amortization of $148,$124,570 in 1945.
§Over equity in net assets thereof
as shown by books of subsidiaries at dates of
acquisition (unamortized
portion).
Iflncluding Federal income taxes of $684,800 in 1946 and
$482,268 In 1945.—V. 165, p. 342.
' /.
'
in
-
j
1946 and
,
,
Finance
___
-
to
stock
note
or
4,575
197,757;
—■
Seaboard Finance Co. of California
Pfd. stock, series A/(issued and
The (rollcwing loan
,t_.
.
,
Total
/
companies were acquired by this company during
/the"1946 fiscal year: Active Loan Co. in November, 1945; Campbell
v
-
-
V
——v
-•—
of
$7,610,000
1,240,000
515,617
/; 767,159
redemption of preferred stock of
Corp. (Delaware)—
additional
acquisition
323
Corp., Ltd. (sold as described below); in March, 1946; Central
; Finance 'Co.
in November, 1945; Home Finance Co. in
November,
4o experience
jthe greatest industrial activity in its history,, accom1945; .'National Money Corp. (51%
of voting shares purchased) in
paniejq by incteased diversification in its agricultural-productipm "?^t^|;March;>/|946; and Par-Associates, Inc. (engaged In installment sales
/i On. Aiig.
1.4j94(?,- upon the consummation of the plan of reorganizecontract business) in March, 1946.
'
tion,, company commenced operations'of the properties formerly owned
On Dec. 31, 1946, Campbell Finance Corp., Ltd., was sold at a net
by the Seaboard Air Line Ry.: and Its leased line subsidiaries. Under ^
estimated to be $700,000 after all charges, including taxes, subthe
reorganization plan, the company ha3 issued or authorized the /. Ject to final determination when audited figures of Campbell are availissuance "of the following securities:
:
'pS,',". UV
/'"-This profit on the nine months' investment was equal to 90
Frefcrned stock <150,000 shares, par $ 100) —$15,000,000
Common stock. (850,000 shares, no par value) (at $100)_L / -85,000,000
Pirn mort^aee bonds
/ 32 500 000
0age, bonds
General mortgage" (income) bonds—
i————52,500,000
maturity
months):
—
r,
:./a;
The.twaiber of• Jofttts- made, in 1946 was 177,4C5,
*• " '1f7r",rK
bver the
•
$40,679,952 $17,176,968
due Aug. 1, 1955
Deferred inc. (unearned int., finance chgs., etc.)
Unrealized gain arising from conversion adjust¬
Thomp¬
comp^ny?®"dbila'r volume of loan§ made in the United States in
fis^^eaV/totiiled $55,075,320, an increase of 62.4% over the
~
.
460,150
352,068
;
,
3,000,000
>'4.88%
the 1946
-
(having
accrued—.
Finance Corp., Ltd
/Other current liabilities
Jan. 20 said in part:
$33,920i€7B
Od tne preceding
! '/ -/$33320y67» aggregate iid'the preceumg
akjb;been .similarly charged;
1,512,619
414,970
—
Finance
^
■
gages has
99,905
$23,403,875
on
210,000
were
.company's contributed surplus account for' the full year 1946. Interest
referable to the first seven mbnths*on the new company's /two- mort-
9
Dividends payable
;<■ Dealers' reserve
;
32,544
v
1,298,505
321,306
.1
'
;
Others
tlTaxes payable and
Amount due
Estimated
Net income for the fiscal year ended Sept. 30, 1946, after providing
greater by $975,848 than in
.1945, total operating revenues declined $17,807,105 below the previous
for Federal taxes and minority interests, amounted to $1,002,607. This
year.
The principal item of this decrease was in passenger revenues
was
equal after preferred dividends to $1.13 a share on the 779,544
and is. attributed to^the lessening of warborn. travel and the return
common shares outstanding as of Sept. 30, 1946.
Based on the 687,086
jftf competitive forms of passenger ./transportation,
average common shares outstanding during the year 1946 net income
The report states that Increases in wages granted in 1946 added
was equal to $1.28 a share.
4
//
; /
.approximately $10,600,000 to operating costs for.that year, including
/ Net income in the 1945 fiscal year totaled $329,601, or 56 cents a
approximately $600,000 of retirement, and unemployment payroll taxes.
share on the 592,908.common shares outstanding as of Sept. 30, 1945.
On* the 384,820 average common shares outstanding during the year
Operating expenses were also substantially increased by greater cost
■of fuel and other material and supplies. >
•:;
- /■-V>'f-i-i945, 'net income was equal to 86 cents
a share. /•/"
/
"
; / ""
i
The report shows that the net-income of the company during the >
After Issuance of series B cumulative preferred stock on May 31,
five months from Aug. -1,
1946, the -date the v hew company took .V>>i94e (See below)' dividend payments were made on that issue on the
over the
properties of the old company,- to Dec. 31, 1946, was $1,813,-;// basifitof 25'dents a share per quarter.
Four regular quarterly dividends
429 alter deducting five months interest on the. new company's first
were paid on the series A preferred stock.
mortgage and general mortgage bonds but before deductions for capital' /; ? Common dividend'payments in the 1946 fiscal year totaled 85 cents
.fund account and sinking funds on t^ two beforementioned mortgages v a share/and distributions-now are being made at the annual rate of
which, with the permission of the ICC, have been charged against the
; $i a share;
Payments totaled 45 cents a share in 1945.
1946
consol.
>
Seaboard Finance Co.—Annual Report—W, A.
son,
history.
—_r
Unsecured
—
Syndicate, due on
10-year sinking
time: year in-the Seaboard's
While freight revenues for
not
12,859,337
—
5%
board, and Legh r. Powell, jr., President, states that the total oper-. /
ating revenues of $112,403,393 for 1946 were the largest of any peace
subsid.
companies
195,000
——
Z~~a
Tampa-Union Station-Co/first mortgage bonds—*
-
....
of
$3,372 «63
2,189,000
: Banks
3,013,110
_
stock
LIABILITIES—
/Notes
1,228,941
;
v-
1945
v
6,143,081
C
73,642
———ii—i. Ty..y,
Total
-
30
25,207,600
—
—
capita]
Deferred charges
1,417,432
surplus
f $0.56
$3,519,2^0
-
———„—
Other receivables
6,265,855
858,737
eurrent: assets over/y Surplus appropriated
The-company^ has issued to stockholders and security owhers a brief
report- covering • operation
months of
1946 and also
The
—
2,401,121
paid-in
;
*,
sept.
SHEET,
tlnvest.
.—
1
-
_
•
BALANCE
deposits——
subsidiary not consolidated—Campbeii
Corp., Ltd—,
i
Seaboard
as
41.231
*$1.13
tProperty and equipment (at cost)
fExcess of cost of acquisition of capital stocks"
——
accrued-———
234,661
-
1946
hand
on
Finance
85.060,000
-$229,404,425
•
630 960
•Instalment
1,815,016
/
95,083
10,142
'1—
32,500,000
——^
V
1,306,886
3,004, W5
—
Unmatured
,s $329,601
notes & contracts receivable
(net)
Deposit with Industrial Acceptance Corp., Ltd.,
on
purchase of • capital
stock of Campbell
Finance Corp., Ltd
12,243,000
1945
1,638
$1,002,607
^
surplus
52,500,000
.
Calendar Years-^--
.
earned
14,236
on
Due from
payable
At
to
2,953
15,303
/ ASSETS—
Cash
$15,000,000
-
commo
5,
carried
CONSOLIDATED
23,595,332
8,349,794
Street,
•Net
income
*Based
,
no
93,236
,/
-v•/-."■■r
—
(850,000 shares,
v
V.V.Vk
779,544 shares outstanding at Sept. 30, 1946.
tBased on
592,908 shares outstanding at Sept. 30, 1945.
^Including provision for
excess
profits taxes of $47,854 in 1946 and $.167,455 in 1945.
11,614,406
First/mortgage bonds, series A-:-—;
were
—.w—
stock (most
com.
paid on class A stock
Earnings per common share
-
-
(par $100)—
applic. to
Dividends
404,425
U
September, 1945)
Dividends paid on preferred
stock, series
Dividends paid on preferred
stock, series
Dividends paid on common stock-—
——
.
of New
Co.
Net
/
,
in
earns,
com.
stock
was
exchanged
for
stock of the company in
September, 1945)
Other subsidiaries
2,818,886
supplies/.
Equity in
iof the
•.
11,203,977
—
Preferred
Trust
$438,711
Other current assets-—'fe,
Deferred■ .assets,*,/ 109,067
Unadjusted -debits1,076,065
| H Silex Co.—Transfer AgentCommercial- National
457,576
$1,020,864
2,503,404
year-end dividend of $1.50 were paid in 1946,
a
■—V.-162, p.: 1520.
•v;The
——
:
and
87,648
income
on
667,067
-
$288,521,067
Cr77,043,465
Cr6,321
——Cr57,512,562
Cr23„698,142
17,879,717
8,186,293
—4,021,077
7,785,830
Additional estimated amounts receivable for assets acquired
at foreclosure sale and unsold assets in hands of Receiv.
meeting to be held this month will
241,365
thereoftaxes
pfd, stocks
1
<•
-
-
property_—u.
Cash :
vote
able
—„
-
:
reserve
Miscellaneous physical
Material
Williams, Inc.—-Plans Stock Split-Up—
———
Maintenance funds
<
assets
for Federal
Seaboard Finance Corp. (Del.):
Divs. on pfd. stocks (the
/
.
amortization—R&E
Investments
364,570
(est.)—
DEC. 31, 1946
t
depreciation—R&E
Investments
425,857
;
recoveries)
of cost of acquisition of
subsidiary companies over
of
redeemed
«
Accrued
,.
1,847,177
432,402
Net Inc. before deduction of
minority interests
Portion of Net Inc. Applic. to
13,331,572
ahd, equipment property-
Temporary
Scott
2,728,999
(less
2,498,583
./
exp
Minority Interests:
,
Capital and other
Co.," trustee, 50 Broadway, New York,»N. Y.—V. 163, p.
The stockholders
1,168,274
receivables
excess
stocks
debenture disc,
!, "7,707,255
1,560,725
.
of
on
equity in net
1,289,339
Accrued
corporation has called for redemption on March 12,
1947,
all Of its outstanding guaranteed 6%- bonds, issue A, dated July
1,
1938, at .100 and interest Payment will be made at the Uuderwriters
of
SProvislon
546,251
Acquisition adjustment
Donations and grants..:
/-The
Trust
for losses
ASSETS—
>
amortiz.
fv Amortiz.
.
Investments:
,
Inc—Callsjt Guaranteed 6% Bonds—/
and
\
:
743,088
,
to provide such income lor the remainder of their lives
without cost to them."—V. 165,,p. 254,
*; v
'
Schulco Co^
expenses-.;
Int.
and
~$3,410,686
.—$5,071,134
Operating and general and adminis.
'
*'
CONDENSED BALANCE SHEET,
been
income
■
capital
T
■■
of way & struc.
of equipment-
'
providing retired employees with.steady monthly or
serai-monthly incomes, over and above Federal Security Benefits, and
.
459,384 *10,472,058
re-
chgs. incl.
-above aw as follows'!
Plan,- the
'
*
.
1,632,753 *10,282,419
1,173,369
189,639
1,813,428
*1,354,044
—
no
Referring specifically
4,It
income
tirement
..
booklet
1,034,463
138,906 '■
Deprpc., amort, and
cost to the employees, themselves.
Since the fund
was
established, the Schenley corporation has ^contributed a grand
tptaii of; $8,966,851 .to assure steady income for workers after they have
retired from1 regular employment, i
:
,r
/ *
*1
i y
employees,
'
fund
chgs,
Prov.
Net
period, a total of $223,973 was paid to beneficiaries of employees
covered by the company's life insurance
In
the same
12-month span, the company
contributed $2,750,000
the
fixed
Contingent charges
same
to
after
/cents a share on the 781,348 common shares outstanding on Dec. 31
last. The Pr°f|t was brought about in part by an uP^ard revision in
the value of the Canadian dollar in July.
It is not included in the
-
Income statement for the
!'4' shown
as
fiscal year ended Sept.
ntu)-recurrent Income
In
30, 1946, but will be
the statement for the first quarter
three months ended Dec. 31, .1946.
The majority stock of the loan companies acquired and installment
notes receivable purchased by the company In the 1946 fiscal year
v)
Solar Aircraft Co.—Dividend Action Deferred—
The
r
in
company
April
a
announced
decision on
si
on
Feb.
further
were
./ for
exchanged,
173,400
shares
of
subject to a minority interest recorded at $134,100,
of Seaboard Finance Co. common stock, 30.425
6hares
Seaboard
series
B
$1
cumulative
preferred
stock
and
$1,-
cash.
'~ "
To aid in financing its expanding business volume the company last
242,736
in
sold to Investors Syndicate of Minneapolis, a subordinated' note for $768,750 carrying interest of 4.88% per annum, and
year
due
issued and
Jan. 1,
1948.
that
dividend
it
will
the
on
action was taken it was stated, because of
scheduled during March for several projects.
defer
common
«
until
early
stock.'.This
heavy cash requirements
quarterly dividends of 15 cents each had been paid up to
15, 1946. The company has paid a total of 45 cents
in the current fiscal year ending on April 30, as against
cents in the preceding fiscal year.—V. 163, p. 947.
Regular
and including Dec.
per
60
share
Southern Bell Telephone & Telegraph
1946—Month—1945
Period End. Dec. 31—
$
the 1947 fiscal year—the
of
25
Operating
revenues
—
Operating expenses
Net
Net
—V.
taxes
operating
p.
255.
22,830
338,208
249,048
13,647,761
12,168,660
244,981
12,594,878
155,550,901
142,691,259
900,665
11,615,932
1,234,120
2,647,493
14,004,940
19,560.614
886,527
862,320
10,442,329
11,524,61.7
'
*
$
12,617,708 155,889,109 142,940,307
income
after charges
165,
$
13,700,567
52,806
Operating revenues
Uncollectible oper. rev._
Operating
Co.—Earnings—
1946—12 Mos.—1945
-
9,046,720 129.930,029 100,868,407
22,262,238
$1,402,189
528,538
128,578
514,886
449,956
276,389
489,065
7 $15,858
$4,251
$61,566
i $22,905
74,134
flbiterest, deprec. & div.-
—1
—V. 165, p. 579.
Surplus
-
Act of
|
{
297,199
-
#
'r
1
1935.
3,-1947
$24,311,117
for
*
i0«
increase of 65%.
an
Upon completion of the sale of the securities, capitalization
of a funded debt of $1,213,500; ^36,000 shares of 75-cenb;
-
As of Sept. 1, 1942, the
company acquired from various affiliated and non-affiliated interests
the greater portion of the properties which it presently owns.
These
acquisitions were made pursuant to a plan of integration and sim¬
plification in accordance with the Public Utility Holding Company
$1,238,315
112,555
68,404
'122,051
maintenance-
&
^Taxes
31, 1946, totaling $40,237,612 compared with
.
:
Dec.
BUSINESS—Company * was incorporated Aug.
17,■>
as Roswell Public Service Co.
Name subsequently
changed to Southwestern Public Service Co.
$307,261
$348,827
130,257
earnings
dross
OlHSr.
AND
1921 in New Mexico
1947—4 MOS.t-1946
1947—Month—1946
'•
COMPANY
Ltd.—Earnings—
Southern Canada Power Co.
Uerlod End. Jan. 31—
•SV.W
Monday,; March
THE COMMERCIAL & FINANCIAL CHRONICLE
•1236
wii
.
Cumiii?+St ^
jferred stock (no oar), and: 199;8Q0^sharesi($l'par)
preferred stock fno par), and. 199.800isharesa$i'nnrv —abvt
common
stocl^
1
Earnings for Calendar .Years—
1946
—
the generation, transmission,
Practically all of the com¬
pany's electric energy is produced in its own plants.
,
•
v
The
present
territory comprises principally
the region generally
known as the "Texas Panhandle," extending north into the so-called
"Oklahoma Panhandle," and extending south in Texas to embrace the
greater part of the so-called "South Plains" region.
It includes the
Pecos Valley
region in sOfirtheastern New Mexico, a relatively small
area in east
central New Mexico, the City of Santa Rosa in central
New Mexico and part of one county in southwestern Kansas.
1
y,
'
The electric properties comprise a fully interconnected system ex-,,
cept for the small communities of Santa Rosa, N. M., and McLean
.
•
;
V
101,
The company is engaged principally in
distribution and sale of electric energy.
/.
,
'•
1i VA
Colorado Power Co.—Weekly Output—
Southern
-
output of this company for the week ended Feb.
kwh. as compared with 2,102,000 kwh. for
Electric
•totaled
■>'
2,511,000
22, 1947,
the cor-
19.5%—V. 165, p. 1110.
•aresponding week last year, an increase of
'
Co.—Earnings-
Southern New England Telephone
period End. Dec. 31—
1946—12 Mos.—1945
$3,072,241 $37,332,671 $32,980,520
Cr36,831
48,146
48,169
1946—Month—1945
,
Operating revenues
Uncollectible oper. rev._
$3,302,007
^,753
*
Tfcxline
an(j
The
'
Operating revenues
•Operating expenses
•Operating taxes
Wet
•
operating
after
"®fct
—V.
$3,297,254
$3,035,410 $37,284,525 $32,932,351
2,587,185
2,256,151 29,437,267 22,993,449
322,455 Crl,088,003
3,614,398 - 4,589,091
__
——
charges
165, p. 983.
'
■
company
in
'
January—
a^ct
from
•
COMMON
1944
$40,023,740
6,996|218
11,015,21811,959,650
2,973,227: . 2,953,189 •; 3,646,334
19471946
1945
railway^*- $33,483,512 $33,126,687 $40,454,801
>:7,466,116
railwav_l-
from
2,653,727
£fet ry. oper. income-—
Transportation System Earnings—
The
(which
of
include
(par
stock
held
the
taxes
record
of
fBtate, county and city taxes
Mederril taxes
——.—
taxes
Miscellaneous
—
.
1,552~715
(net)-..—————
.Joint facility rents (net)—,
;
Equipment
1,496,643
———
....—
—_——
rents
shall
to
I
■xionoperating income items.
De
"5..
dends
outstanding debt, or other
/':A/ V- "-i'S•••''■
:/..,
at
fV
-i
Arizona.
Engineers.—V.
principal
stock
set
opposite
their
respective
'"'"'.'-v'
('}*'*
r
';,
Sons
.—
1,200
v
165,
500
-
Chross
Xfet
from
.
railway.
from
'* 1947
railway
met ry. oper.
—
income
°
Period—
1946
" 925
1947
Clross
earnings
—V. 165, p. 1110.
1946
'
1947
.'•*.':/ /V
'./
•
• ■/
Milwaukee
Period End. Dec. 31—
•Operating revenues
Uncollectible oper.
1946—Month—1945
'
$335,250
500
rev._
&
i-,,
Securities
Union
Securities
H. Walker &
G.
$3,173,848
$2,738,197
6,600 *
8,400
Corp.—
Co._
—V.
.0
Co.,
this
of
10,126
income—
■/
—
*
$243,915
$3,167,248
183,880
.1 36,657
$334,750
222,212
49,295
2,266,778
$2,729,797
1,849,294
518,357
-381,786
Net
$63,243
income
-Uet after charges...—.
—V.
165,
p.
$23,378
4,123
$362,146
,160,736
$518,684
44,084
operating
300,576
Net
Public
Southwestern
Service
,
>
April 10.—V. 165, p. 243.
24
3%
notes
the
payment
25, warrants to subscribe for 64,438
stock, or at the rate of one
anew share
for each 10 shares held.
The subscription
price is $34.50 per share. The rights expire (4 p.m.
EST) March 7, 1947.
;
The
of
common
Sank
&
to
the
Sank
\
subscription warrants, holders thereof must
prior to the time of expiration, to Continental
of New York; Boatmen's National Bank, St. Louis;
Trust Co.
Dallas, Texas,
stoy subscription price.
Boatmen's
The
National
Continental
3.90%
The
Trust
warrant agents,
&
of
St.
Trust
preferred
Continental
National
Mo.,
Bank
cumulative
as
Bank
Bank
&
Louis,
Co.
stock
of
(par
Trust
Co.
in each case
Mo.,
$100
of
agent, and
is registrar for the
share). — "
•
York
New
per
New
accompanied
transfer
is
York
and
Boatmen's
Bank of St. Louis,
Mo., are transfer agents, and Empire
New York, and Mississippi Valley Trust Co., St. Louis,
registrars for the common stock. -
net proceeds, together with other funds of the comwill be available for the construction of additions and improve¬
ments to the properties of the
company,
to reimburse its treasury
€or funds expended for such purposes and to repay a bank loan of
<61,000,000
«t Dallas,
in February 1947 from Mercantile National Bank
the purpose of meeting current requirements in
connection with the company's construction program.
Texas,
for
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
Authorized
1st mtge. bonds, 2%
%
1st mtge. bonds, 27/8%
©erial
notes,
1.30%
*>
series due 1971,
series due 1972.
to
2.60%
due
Outstanding
$20,000,000
«
to
1956,
March
incl.,
25
3.70%
cum.
4.15%
cum.
3.90%
cum.
Common
Public Utilities
has
approved
Trade
type
(vitamin
notes
of
like
a
which
amount
come
of
charged Feb.
Fleischmann's
to
an
14
that
-
Robert
,
would
drain
that
might
have
'
V
.
of
.
the
body
"very
"/
thiamin
obtained from
of
•*.
■
■
'
•iv
<
j
.•
,
,
other
f
.
t
foods.
Co.—Earnings—
1946—Month—1945
v
*" *'
'
Operating revenues
Uncollectible oper. rev-
15,022.147
Operating revenues
Operating expenses
operating taxes
14,961,375
14,549,113
12,706,934
9,893,335
and
$170,000
each
60,772
$2,500,000
(par $100u
preferred stock (par $100).
(par $1)_
j
^r-i?
jvestors686
Net
Net
operating income
charges-.:.—
after
22,410 shs.
50,000 shs.
42,590 shs.
20,000 shs.
20,000 shs.
1,250,000 shs.
1708,808 shs.
C
1946—12 Mos.—1945
$
4 '^
"' ' '
14,567,670 181,227,993 167,599 708
18,557
337,354
244,575
1,291,748 Crl,436,258
180,890,639 167 355,133
134,809,689 106,519,773
23,386,269
36,812,311
962,693
6,092,036
22,694,681
24,023,049
685,471
1,385,684
19,944,896
16,429,820
debentures, due Oct. 1, 1985, are now ready
issuance
in
exchange for outstanding temporary debentures at
Guaranty Trust Co. of New York, 140 Broadway, New York, N. Y.
—V. 165, p. 983.
*
™
708,808 shares
are
V- T
\v
outstanding)
would
be
1,134,093
shares
.
,
Buy
14
Feb.
an-;
recommended;
Attorney General approved it.
according to an Associated
25,
Texas
Eastern
still
must
obtain
[This approvalPress dispatch,,
certificate of
a
submitted
<
by
the
Texas
Eastern
corporation
higher'
was
than the second best bid, that offered by Claude A.
Associates, Austin, Texas.
"—•"This offer," Mr. Littlejohn said, "will bring the Federal Govern¬
ment $77,000,000 more than it would have received had the highest
and
cash
of
bid
submitted to WAA in July : been accepted."
exceeds by $7,458,800 the combined sales
Velasco (Texas) chemical plant (pur¬
for $35,155,000); the South Chicago
(111.) steel plant (bought by Republic Steel Corp., for $35,000,000)?
and the three Pennsylvania steel facilities located at Braddock, Duquesne and Homestead
(purchased by the United States Steel Corp.,.
for $65,013,000).
//,..' .//.'
•!/■/' /
The Texas Eastern Transmission
Corp. proposal was submitted by
E. Holley Poe. New York, N.
Y.
The bid is as follows: Big Inch,
$77,002,326; Little Big Inch, $66,324,674; total $143,127,000. Listed asofficers of the corporation are George R.
Brown.-Houston, 'Texas,.
Chairman of the board; E. Holley Pos, President;* Charles I. Francis,.
Houston, Texas,
Vice-President
and
General
Counsel; < Herbert J*Frenzley,, Houston, Texas, Secretary-Treasurer; and Hildlng Carlson,
New York, N. Y., Assistant
Secretary and Assistant • Treasurer.
.
Directors of the corporation are George R. Brown, E. Holley
Pp®*Herman Brown, E. DeGolyer and Charles I. Francis.
Registered' hold*-ers
of more than 5%. of the outstanding common stock are Herman'
Brown, George R. Brown, E. DeGOlyer, F. I. Andrews,^E. Holley Poe^
R. H. Hargrove, Charles I. Francis and C., Douglas Dillon,;'
,X^-vLtX
The corporation has a commitment from the Manufacturing Trusc
Co., New York, N. Y., to lend the corporation $4,000,000 in which'
the City National Bank, Houston.
Texas, will participate to the-; extent
of $500,000.
•'■•■ ■
•• ■
■: ■•--•••
•
V
; ''; '
.
The
$66,000,000
proposed
sale
price
prices received by WAA for the
chased by Dow Chemical Co.,
Dillon
Read
and
Co., Inc., has studied the corporation's pl£)ns fox
financing of these properties as gas transmission linescurrently available with respect to such ifacfors as
conversion to gas transmission service and construction1 of the
cost
on
of
necessary
Standard Factors Corp. — Securities Offered
Sills,
Minton & Co. and associates offered to the
public Feb. 26,
—
offered at par plus
k
bid
Based
were sold on Jar1, 10» 1947 t0 three institutional in-
r
..
.
to
the permanent
$250,000 4%% 15-year convertible subordinated deben¬
tures, due Dec. 31, 1960, and 60,000 shares of ($1 par)
?f certaln shares due to the expiration on
S^rofr
I
r g
exchan8e outstanding scrip certificates
innSLi! number of shares of common stock to be outstanding
ffi
ono^
0
e exchan8e (assuming that prior thereto the
lull
.
Corp.—Offers
12,127,000
Williams
the
aggregate principal amount thereof may be issued at any
subject to further restrictions contained in the mortgage.
n
was
Transmission
the
Feb.
that
for
2,335,000
45,000 shs.
preferred stock
stock
,™
until
on
added
•
The
by
Definitive 40-year 23^%
"
1957 to 1961, incl.__
preferred stock (par $100)
from
__
that it has completed arrange¬
York, N. Y., for a credit agree¬
be borrowed for a period of.
negotiated with -the assistance of
may
public convenience and necessity from the Federal Power Commission.!
serious
■
.
Period End. Dec. 31—
arrangement
.
„
Southwestern Bell Telephone
.
|
„
.
M.
Littlejohn War' Assets Administrator, on
that the WAA Real Property Review Board had
received
was
which
^'Continued eating of the product will result in depletion of the
body's thiamin to an extent which may have very serious consequences."—V. 165, p. 579.
-
'
'
«
Youngstown,; Ohio—Bank
Co. * of
to $1,500,000
up
Eastern
consummated
use
asserted
amounts
-
,
Registration Statem'fe
Inch and Little Big Inch Pipe Lines be sold to the abovecorporation
for
$143,127,000
for the
transmission
of 'gas
to the*
metropolitan area of the Eastern-Seaboard. *
"
*
^
Mr. Littlejohn pointed out that the sale of the lines could not be;
that Fleischmann's Yeast does not cure
adolescent pimples, as advertised.
. (
The
F.T.C.
complaint was filed against Standard Brands, Inc.,
makers of Fleischmann's yeast. It was supplemental to a 1943 com¬
plaint accusing the company of misrepresenting the values of its
product..
/■,
—//
...
/.
■[' -v'v.
•■;'■, /The new complaint said that yeast cakes
produced under a formula
in use from 1938 to 1944, and from 1946 to date "will
not only con¬
tribute no thiamin to the body but will result in
depriving the body of
considerable
'
...
.
the Big
that
due
continued
yeast
extent
.
also
The
years.
nounced
'L'"- v'.'U'''
1;
Commission
B-l)
which
under
Texas
the
Definitive Debentures Ready—
,
*The mortgage securing the bonds
provides that bonds may be issued
Eeri®s sub3ect to the limitation
that not in excess of
*
Department of
13,500,000
$165,000 each March 25 from 19*48 to
7 :>
10
for-approval of an issue of $200,000 five-year
April 1, 1952. The proceeds are to be applied to
outstandinf
109,319)
"Big" and "Little" Inch pipe Lines—Dillon, Read & Co.*.
Inc., to Handle Financing—
'
7.,
obtained
>
V
Federal
The F.T.C.
,
PURPOSE—The
C
of
.
Goldman, Sachs & Co., New York, N. Y.—V.-158, p 1384.
Co.,
are
jpany,
4i"
1944: ii
company
mature
'
*
•
•
,
exercise
at
23,590
consequences.".:
same,
^Continental Illinois National Bank & Trust Co., Chicago; or Mercantile
to
current
a
thiamin
.
order
*10,939
■
$170,654
43,361
16,177
Standard Brands, Inc.—FTC Files Complaint—
dstock of record Feb.
In
10,996
April 16, 1947.—V. 159, p. 220.
share and accrued dividends.
The company has forwarded to holders of its common
^surrender
68,714
.;
Massachusetts
petition of the
.gper
;
1945
$181,565
26,564
-
67,85T
;
'
an
Strouss-Hirshberg
ment
1946
165, p. 725."
The
A group of underwriters headed by Dillon, Read & Co.
Inc., on Feb. 26 offered to the public a new issue of
20,000 shares of 3.90% preferred stock (par $100) at $102
Additional shares of
income
oper.
'
by Norman H. Stone,
'
$103,688
v
i;./1: *53,493
'
• .y
-
-1945 •
* ' 1944
$478,385 ; ' ;$383,090
152,270
' 187,857."
3,053
^
company on Feb. 25 announced
ments with the Irving Trust. Co., New
39,242
-
plan
Credit Agreement—
RR. —Earnings—/
1947
railway
railway
a
.
amendment to the registration statement was announced
president. Manufacturers of corrugated
was started
'as- a partnership in 1926.
/■ ';•; '■
vz >,* f.O
'+;
Total of 250,000 shares of common stock is to be offered, according to
the
amended
registration statement filed with the SEC, including;
100,000 for the account of the company and 150,000 for members of
the Stone family and trusts, with public offering March 5 to be madeby a national underwriting group; headed by Hornblower & Weeks. /
Proceeds of the company financing will be used to retire a bank loaa.
and debentures which will leave the company free of debt and witfc
capitalization consisting solely of common-stock. rMambers of the
Stone family and trusts will retain -150,000 of the 700,000 shares-to bet
outstanding,
>, Sales totaled $9,832,739 for 1946, compared with $7,771,877 for 1945,
The Stone organization has operated at a profit in each year since itsorganization.—V. 164, p. 2326.
.
i
i
''
3,000
/
Machinery Co.„
company
drawn
Springfield Gas Light Co.—Notes Approved—
Offered—
Co.—Stocks
ry.
—V.
853.
from
from
of the Read
on Feb. 20 filed a letter of notification with the SEC
shares of common stock (par $l),.to be issued in exchange
for 15,000 shares of common stock of Pearson Co., Inc., on basis ofi
two Sterling shares for one share of Pearson. The offer will be with¬
f
$153,794
January—
Gross
Net
International
Spokane
;/
" 51,965
165, p. 725.
The
Operating revenues
Operating expenses.
Operating taxes —.
and
.
3,000
/
.
Inc.—Consolidation Proposed—
company
v.
3,000
r
;
•
v
3,000
O
925
'
,v;;v'"
165, p. 983.
■
2,250
925
—
White, Weld & Co
'
925
.
-
/
1,600"
,
i
Sterling Inc., New York—Files with SEC—
Filing of
3,000
925
security¬
containers, the company has been privately owned since it
3,550
700
'
-—
various
,J
for 30,000
Feb.
! 2,250
925
Corp
among :the
/
Stone Container Corp.—Amends
3,000
\
700
'
—
assets
''v~. ./'•'■ "XX v;.'',''-1947:/,.,^'.:',";T946
railway—/ /;> $276,091 vV.,* $250,095
oper.
ry.
The
2,250
500
/V.
remaing
railway——>
*Deficit.—V.
;•
//
3,000'
.1,100,:u
fi
from
from
Net
f
.
.2,250
;.V/ 925
iJj.
—
Webster
J
925
...
Spencer Trask & Co.-—
1946—12 Mos.—1945
$244,615
700
——
Co
Smith, Barney & Co
Co.—Earnings—
Net
.2,250
700
Shields & Co
Stone
Southwestern Associated Telephone
_
700
Riter & Co.__
' /-l//
/ ;
925
,.700
Rauscher, Pierce & Co. Inc
' 1946
$5,429,024 $34,110,218 $34,034,195
$5,367,206
^
The
Jan. 1 to Feb. 14
Week End. Feb. 14
3,000
3,000
3,000
,
925
!
January—
Gross
1,000 '
-
Hemphill, Noyes & Co
Kidder, Peabody & Co
W. C. Langley & Co.—
Lee Higginson Corp
1945
'1944
$19,069,385 $18,093,163 $22,519,462 $21,072,791
4,211,934
5,139,347 ; 8,751,802
8,431,229
1,771,322
2,656,690
2,578,525
2,665,996
January—
*
p.,/"
Staten Island Rapid Transit Ry J—Earnings—
;
•r."
1,600
325
Eastman, Dillon
Co.———T
Goldman, • Sachs & Co.———
Harrlman Ripley & Co,, Inc.
of
Gas. '
Stoker
stockholders
The
2,250 C:
.
3,000
,
Ry.—Earnings—
Standard
.
as
" '925
;
allocation
for
3,850
700
-
stock-
; .-."a
-.v/v
Standard
who
are
Electric Co
common
Inc., at special meetings to be held this month,'; will vote upon
to consolidate the two companies.—Vi 165, p. 579. ' • '
'
•
,
C.
Rollins &
names
• *
'.
-•
&
This plan is expected to be ready in about 60 days.—V. 164, p. 3420.
v
v-''•
—Number of Shares—
^" Preferred
Common
2,000
; 6,338
-
:
Southern
plan
a
y;•'
underwriters
'••
■
Gas
future
Oreeoc
The directors authorized the
X
purchase the respective numbers of shares
and not exceeding the respective numbers of
stock
common
the
of
Oklahoma
California
140,000 additional shares of
.•
holders of
upon
to time.
existing from time
names
Allyn & Co., Inc.——..—
Blyth & Co., Inc.-w—
Central Republic Co. (Inc.).
Dewar, Robertson & Pancoast—
'/■// //:;;
-
H.
A.
the Journal of Economic Geology
research societies. He is former
Metallurgic
and
Mining
and 853.
1110
$pp.
of
conditions
preferred
of
.
E.
Institute
American
of
authorize
to
voted
to sell directly
common
provide funds for carrying out that company's extensive construction1
,
Dillon, Read & Co., Inc.
the American Association of Petroleum Geologists and the
"^President of
V'
issued
be
to
per year assuming that
1,134,093 shares of com¬
outstanding after such excha/ige.
Payment of divi¬
must necessarily depend upon the judgment of
directors in the light of future earnings, cash require¬
'
-
•
new
shares
Golyer,
Mr. De Golyer is Associate Editor of
sand a member of many scientific and
shares
additional
the
employment of .Stone &;Webster Servlce^
Samuel Hartt of Chicago to appraise the system's assets
>.
This appraisal is to form the basis of a plan.to be filed with the
SEC*
to set aside certain assets for paying off the bank loan and
to.formulate
stock capital of an amount equivalent
rate
and other
follows:
internationally known geologist of Dallas,
Texas, has been elected a director of the company, to fill a vacancy
•caused by the recent death of Walter Douglas .of New York and Phoenix,
De
Lee
.
transfer
are
such
UNDERWRITERS—The
have severally agreed to
of
Golyer Elected a Director—
Everette
the
authorized
$1,587,730
stock
mon
ments
provision for interest charges on
five shares of comrecord date.
In cori-
has
of
near
Corp. and J.
be
lent
•:
♦Before
of
also
directors
program.
i
paid at the annual rate of $1.40 per share or 35 cents per
and that dividends at the new rate shall first apply to the
quarterly dividend payable June 1, 1947. Such annual rate is equiva¬
$4,401,698
$3,539,273
to
of
quarter,
the- board
operating income—
•Net railway
,
■
stocks of
and of Mountain States Power Co/V * >
Co.
ia
•'>/
21 decided to offer for sale in the
holdings
company's
Fower
exchange which, assuming that prior thereto 708,808 shares are
outstanding,. would be 425,285.
;
The board of directors has also adopted a policy that regular divi¬
dends on the company's common stock outstanding after such exchange
1,405,754
121,912
150,794
—
the
The
of such
as
directors
Companies—
(which see)
'
trust
The directors on Feb.
April 15, 1947
eight shares
on>
now' offered
Voting
Standard Gas & Electric Co.—Plans Sale-of Stock
Two
such
720,935
1,199,070
1,647,301
Cr79,986
1,220,584
1,241,706
————-
Theodore
H.3/Silberg
is; the
sole
voting
certificates will be exchanged for outstanding
shares of common.—V. 165, p. 852;
-;. v •• '. ••
uin§!
/
in exchange for each
of
board
,
^Federal retirement
.
debentures.
subordinated
more,
holders
to
.
trustee.
POLICY
issuance
business
of
close
the-common
(par $1)
$1)
therewith
the
at
the
authorized
has
record
from earned surplus to common
to one dollar for each of the
$9,835,956 $10,034,234
634,240
617,550
railway operations
Net revenue from
Unemployment insurance taxes——————
company on Feb. 19,
filed a registration statement with tw
covering • voting ttust certificates for 199,800 shares
($i nS;
plus an indeterminate number of shares as may be used from,
time to time upon conversiori of $913,500 of 4%% 15-year
convertihS
The
•
or
u
Registered—
SEC
territory,
1,000
DIVIDEND
AND
EXCHANGE
directors
of
stock
stock
nection
1947
$42,212,890 $41,964,351
32,376,934 31,930,117
—-—
——
of
'•
.< • v<
Trust Certificates
common
in the three months ended Nov. 30, 1946.
STOCK
of
would
common
mon
: •
,
SRailway operating revenues—
3Railway operating expenses
board
common'stock
1946
Month of January—
1940 population
a
•.,•"
its present
in
energy,
.*■
,
-
being Amarillo; 9 such communities in New Mexico, of
which the principal city is Roswell; and 3 such communities in Okla¬
homa.
The present population of the present territory is estimated
by the company at approximately 500,000.
Of the electric operating
revenues of the company
approximately 17.8% was derived from the
Amarillo service
area
in
the fiscal year ended Aug. 31,
1946 arid
approximately 17.25%
«ross
electric
with
Texas,
t
common share--l./_r__--r_i_ll___
per
Voting
largest
Co.—Earnings of Company Only—
Southern Pacific
with
serves
communities
the
$5,349,811
2,690,927
$4,232,860
3,339,188
$1,867,262
292,117
$387,614
325,153
income
24
;A r^
Tcx&s ** '',lk*
Earned
.
common
stock.
The debentures
were
accrued
interest and the common stock at $5.25
per
Proceeds from the sale of the securities will be
used for additional working capital.
^
share.
In
a
recent
Theodore H.
statement preliminary to the company's annual
report,
Silbert, President, reported purchases for the year ended
turn,
data
extensions
Dillon
Read
that,
can
subject
to
to
has
'develops substantially
in
markets,
advised
accord
satisfactory
supply,
market
conditions,
required
funds
the
be obtained.
•
[See also "Big" and "Little" Inch Pipe Lines in V.
165r p.
.''
<8jnd re¬
expenses
revenues,
corporation that If the*/project
with such data, it is their opinio
the
'"
'J
'
Texas Gulf Sulphur
The directors have declared
•
Co.—^Extra
an
extra
■
•'
,
.
Dividend^—y
dividend of*25^knts
,
935.—£<M
«•
p€^sha**«
and the regular
quarterly dividend of 50 cents per share on the capita^
stock, both payable March 15 to holders of record Feb. 28. Trie com*
last year, in addition 4d paying four quarterly Idividends,
cents each paid the
following extras: OriJune 15 and Sept. 16, 25
pany
each; and
on
Dec. 16, 50 cents.—V. 164, p. 2964.
Mf
of ov
cent*s
^
Nuiiiber %
4573
6lutrfe J 165
aas
4
—*-
Service Co.—Earnings—
Texas Electric
Period End; Dec..'31-— 1 X;'1948—Month—1945
perating revenues
erating. expenses
ederal
income,
$1*275,388
—
r
_i»
'
'Twentieth Century-Fox Film Corp.—Dividends—
1946—12 Mos.- -1945
/
'
$1,199,693 $14,887,413 $14,836,236
U 576,131
6,733,608 - 6,302,844
686,288
The
directors
share
per
dividend
,
excess
of
37%
profits,
.
Federal
eta,
.taxes
v.*.* 171,492
—
172,500
750,000
made
in
cents
2,208,868
43,334
$174,758
3,654,588
Cr2,612,349
;
77,589
V
$1,083,621
$4,160,498
629
1,151
38,638
$175,387
$1,084,772
$4,199,136
881,727
3,294,496
$110,738
$851,874
stock for period__
$3,317,409
$2,572,103
375,678
375,678
25
$5,866,599
232,898
,
~—
►
>/■
total
a
1946,
the
last
shareholders
received
year
Sept. 30 and an extra of 75 cents on Dec.
on
of
common
for
$4
the
year,
—
•
etc., deductions
et int.,
64,640;
165,
——
■^Extraordinary
r
non-recurring
benefits
tax
from
participation
worth
H.
and from
Texhs Power &
1947—Month—1946
with
$1,567,718
*74.1 M9
Operating revenues .:—:J
Operating expenses ——
'
the
taxes
jFederal
622,517
O
74,036
retir.
"
:
icc
cm
December deliveries
ice
In
794,830
over
916,527
848,957
its
n
January,
20-year
increased 25%
the
December
•,'•'.•■
and
November.
over
company delivered 135
more
than any other
$425,474
history.
-
•
„
.'
•
.
'
■•71,708
$7,068,796
$4,919,227
:
" $344,626
.Pref. stock dividend requirements for the period
income
Net
725.
165, p.
-V.
$322,458
————'.J
-
■
.
r.
,
_
.
,.
.Texas Utilities Co.—To Amend
SEC
The
4 "authorized
Feb.
$3,649,066
«
865,050
865,050
.
The
*
of
a
intercity
deluxe
coach
highway
••:'•)).••),'■•
is
now
';
otherwise dls-:
company
;•
.....
of
The reclassification
to facilitate the sale of 15%
iin
with
accordance
;stock
pending
C
t'----v
shares held by American
The
of the stock of Texas Utilities by American
,
this
V
have
11,850,000
debentures, series A
11 cents.
United
were
subsidiaries,
its Mexican subsidiary, con¬
including a 2,400-mile rout«>
which operations
hav<k
exclusive of
miles,
system,
route
Honolulu
and
flights
Scheduled
•
over
within
directors
have
declared
interest
of
scribed—The
payable
Transcontinental & Western Air, Inc.—Frye Resigns—
Feb.
21
in
served
aggregate of 62 cities.
<6*
its commercial operations, the
an
addition
to
•
.
-
.
ovprcicp
exercise
the
of
Areata
project
Jan.
on
corporation's efforts to
31, 1947.
expand its services have been hampered
mail
air
affecting earnings.
adversely
at present
are
pay
FINANCING
CAPITALIZATION, GIVING EFFECT TO PRESENT
Outstanding:
Authorized
loah-4-.——J
Term bank
——j- $28,000,000
12,000,000
debentures, series A—
12,000,000
stock ($100 par)——
t94,968
preferred stock (convertible
prior to 1957)
y.vj,
20-year 3%%
made in 1948, see V, 164, p. 2964.
Cum.
preferred
4%%
,
cum.
...
speculation
of
about
94,773 shs.
^
the controlling
stockholders
"board
of
directors.
Until then,
to
City
'
,
-
,,
.
.
* * •
.
San
Francisco to New
Bombay,
York
half way
and
Life Insurance Co. and Mutual
around the
reference
to
Paul
"I
or
as
member of
a
"decision
because
•trolling
stockholder
•operation
of
I
its
its
in
not
am
with
directors;-1,have
of
president of
as
arrived
the
to
routes."
issued
is
i
no
ras recent
i
reports stated.-It
for
also said that
was
^
iotcrd; of
-nsit
the
designed
1
at this
intention of
international
that Hughes Tool Co. felt
recent report
a
division
of
TWA
should
be
disposed of
V
because
*£• was
responsible for the carrier's serious financial plight was "without
<~aiy basis ofdact and is contrary to the opinion held."
Concerning the new program to be suggested to stock¬
holders; the'Hughes company stated:
■
-
■
3
®
.
A basic step-in the new program involves the election on April 24 of
new board iol
directors, probably of 11 or 12 members, to replace the
24.
-Vv
:
/v
Present! board: of
Following tfces
■*he
bowd
•
election
tot manage
formerly chairman
of
board,
new
executive
commitee
Leslie,
Washington
Chairman;
sion
offices in
New
functioning
officers.
Palmer
offices
executive
company will remain
is
in
York
Bradley
have
Kansas
in
management
a
been
City, Mo.,
and
John A. Ceilings.
The
Headquarters of the
closed.
with the international divi¬
City.
Leslie
formerly was with the Mellon banking interests in Pitts¬
Bradley is a senior partner of a prominent law firm in
Houston, Texas.
Mr. Collings,
currently serving as acting Executive
Vice-President of TWA, is its Vice-President in charge of transporta¬
burgh.
USE
-•-<'•••
capacity
This committee is composed of
Mr.
tion.]—v. 165,
p.
mi.
•
-
>
at
then
the
owned
rate
reserved
shares
100,000
Ui unsubscribed preferred stock to be purchased by
UHBUUWUUCU giiciTu
VA
B S
fnllnwn!
respectively are as follows;
ages
resnppHvplv
for,
percent-
each of; them
a
^
'
Inc.
Blyth & Co., Inc.Hornblower
of
as
"
Br.sworth, Sullivan & Co—
1.70
6.50
First
6.50
Hayden,
3.90
—
The Illinois Co.
expended
subsequent
:
'
1.70
Miller & Co.—
,-
v
Smith, Barney & Co,_
3.90
Drexel
3.60
Watling, Lerchen & Co.—,
Merrill
—,
McDonald & Co
Lynch, Pierce,
&
Fenner
&
3.90
Beane__-——
Co
Whiting, Weeks & Stubbs_
—<_
Schwabacher
3.60
J. Barth & Co
2.75
Glore, Fdrgan & Co.——
Lee Higginson Corp.——
2.75
Farwell, Chapman & Co.—,
2.75
Folger, Nolan Inc.—*;—
Carl
M.
Co.
.
—
VV
1.30
,
1.30 /•
1.30 ',
1.30
2.10
1.70
—
1945
Calendar Years
1944
f
i
,
■
,
"
5,415,319
——
2,305,947
10,742,709
1,895,657
130,484
$18,760,101.
6,316,211
218,690
2,063,323
587,073
Freight
Trans-Pacific
Other
9,474,149
1,770,911
Mail
6,466,895
96,798
oper.—
(net)—*
510,840
4,416,702
48,331,657
$35,629,965 $27,650,5452,419,411
1,386,317
1,045,943
29,216,503 22,827,558
19,379,8lf
$5,462,004
$7,711,876 $11,416,090
$58,210,363 $39,347,790
Total
Depreciation
„——-
expenses
Gross
Net
*.—
profit
under
inc.
Govt,
Prov.
U.
for
.
'
442,439
41,652
259,456
351,660
Dr904,000
Dr465,000
99,483
£>r410,000
1,641
TG,22?
$7,605,815 $11,359,391
4,744,400
$7,683,450
3,480,174
500,000
1,000,000
$6,114,991
$3,2O3.2'#0
,
of Mex.
losses
consolidated
income
$7,224,785-
S.
contracts
sub.—not
Other
:
'•
>
$43,873,367 $27,437,210 $22,772,909
Passenger
Express
-i
1943
.x"-'
Domestic operations
Other
•
,
w
;;
INCOME
CONSOLIDATED
Sept. 30,'46
•"
)
)
.
12 Mos. End.
Operating revenues—
—,
Julien Collins & Co.———: J, .90
Hemphill, Fenton &
/)
\
V
Campbell Inc.—.90
Kirkpatrick-Pettis Co.7—*.
.90
Kuhn, Loeb & Co._„___—
6.75
2.752.10
OF
SUMMARY
: :
.,r
1.30
1.30
—
The Milwaukee Co.*
2.75
—
(Inc.).
Kebbon, McCormick & Co.
Bacon, Whipple & Co.——
Harris, Hall & Co.
■>;/
Co—*—,
&
Clark & Co.—
Merrill, Turben & Co.—
-i—
White, Weld & Co.,—
W.
E.
&
Loeb, Rhoades
•
1.40
3.60
Witter & Co,_
Curtis
Dean
V;!
1.70
1.70
Dominick & Dominick——
105,673
*
is to be
■
Net
Prov.
Prov.
$4,705,329
income
for
income
taxes.
postwar
for
3,402,000
2,271,000
re¬
.
adjustments
that'approximately $20,340,000 will be expended
by the end of 1948 for construction of new ground facilities^
The
,
foregoing amounts are exclusive of $1,505,000 proposed to be expended u
for increased ground facilities for Lineas Aereas, Mexicanas, S. A., the
^r-V- loo.
is
v
Michigan Corp—; ,.1.70
of
1.70
A'-' i ™
Pacific Co. of California—
1.70
Pacific Northwest Co
1.70
Lehman Brothers
entire net proceeds of the 4>/2% preferred
be .nbt less than $8,987,240 nor more than
prior to Jan. 1, 1949.
Expenditures proposed to be made
to Nov. 20, 1946 and prior to Jan. 1, 1949 consist of
approximately $26,217,00 for progress and final payments on aircraft
including-engines, radio equipment and accessories during 1947, and
approximately $20,308,000 for similar purposes during 1948.
In addi¬
expended
it
9.20
and
OF PROCEEDS—The
(estimated 'to
approximately $85,165,000, of which $15,212,000 had been
of Nov. 30, 1946, and of which approximately $69,953,000
tion
1.70
;
Weeks—Z;
&
centagc*
Co.——
Boettcher
——
—
Wf,,
•<:
centages
Harriman Ripley & Co.,
1
/:-z; ■;/Per-
Per-
of
$9,176,786) will be available for general corporate purposes.
It is
anticipated that a substantial portion of such net proceeds may be
temporarily invested in securities of the U. S. Government.
.
The corporation's proposed expansion program involves expenditures:
will not continue in administrative capaciMr. Frye and Mr. Talman, however,
new
not
interest
stock
.-now-board members.
-?en^"1Sr the* erection of
V.
A-
July
time
>
offifcers will be chosen by
Ptobabli" continue in consulting capacities.
•_™n-
'
for the ensuing year, T. B. Wilson,
Jack Frye President, and E. Lee Tal-
board,
5nan,;Seniob Vice-President,
are
the
the airline
of the
,
,
Leslie, Chairman of the executive committee of the airline's
directors, said that
corporation
thereunder'
by the corporation.
Such notes are to..
1V2% per annum.
,
The corporation has agreed to pay commitment fees at the,rate of
JA of 1% per annumu on the average daily amount of the commit¬
ment unused prior to July 1, 1948.
/
:
/vv
J
.f.
The credit agreement provides that the respective banks,
which arft,-.
parties thereto, will, on Juiy 1, 1948, make term loans to the cor- *
poration in'the amount of and in payment of the balance then
remaining unpaid on notes evidencing borrowings under the revolving
credit, subject to delivery of a certificate, signed by an officer of the
corporation, to the effect that,the corporation is not in default under
the credit agreemeht.
Loan? so made on July 1, 1948, will be evidenced
by notes bearing that date and payable in 20 equal consecutive Quarterannual instalments, the first of which shsfll mature on Oct. 1, 1948.
Such notes are to bear interest at the rate of 2% per annum.
bear
to
~
.
before
equipment
of man-
program
new
a
credit agree- ;
New York,
has entered into a
group
on a revolving basis at any time or times .
1, 1948 not to exceed an aggregate of $28,000,000
at
any
one
outstanding.
Each such borrowing shall be evi¬
denced by notes, dated the day the borrowing is made, and payable
on
July I, 1948.
It is a condition of each borrowing that, upon
completion thereof, the aggregate amount then owing by /the cor¬
poration on loans undejc the credit agreement will not exceed 75%
of
the sum of
(1) ; the depreciated value of flight equipment then
owned by the corporation, and
(2) cash deposits or advances there¬
tofore made on account- of contracts covering the purchase of flight.:
strengthen its financial status and to
implement refinancing plans would be presented to stockholders within
faffew.days.*
i
TWA
as
company
of banks for which National City Bank,
agent. " The credit agreement provides that the
borrow
or
on
••separating the transcontinental and international division of the airline,
«agement
acting
may
the policies of the confinancing of TWA and the
'< -)) ;.r-
statement that it had
a
a
"
agreement with
respect
world-wide
The Hughes Tool Co.
board
with
ment
.
on his resignation's President said:
have decided that I will not stand for re-election
TWA
,
Paine, Webber, Jackson &
TERM BANK LOAN—The
E.
Mr. Frye
b.
Life Insurance Company
of New York.
Richter, Vice-President
'
■))
First indication of the shake-up in the management came two weeks
f&go with the resignation of T. B. Wilson as Chairman of the board and
•tiead of the international division.:.
;
:
v:
agreed to sell, at 100, plus
\
The statement made no
bin. charge of operations.
.
{Includes
redeemed.
were
UNDERWRITERS—The names of the underwriters and the
^
inter- ;
rest from Feb. 1, 1947, $12,000,000 20-year 3V2% deben¬
tures, Series A. Harriman Ripley & Co., Inc., acted as
agent of the corporation in connection with the sale of
the debentures.
The purchasers are the Metropolitan
April 24 and the creation of a new
on
'
^
shares
conversion of management stock, and 2,817 shares reserved for futur®
sale to officers and employees. Also includes 379,092 shares reserved
for converslon of w!o preferred stock.
■
) * ■••'•■ V;."'■".-•.••;■
*
;
V?' +
^
such
741
Privately—Under date of Feb. 11,s..-
which the corporation
executive committee will manage the airline. Its system
an
'stretches from
'■World
Kansas
ol
r0
. M
above.
tOf the orginally authorized 200,000 share*
preferred stock 105,032 were issued in a series designated
preferred stock."
Prior to Sept. 30, 1946, 104,29*
shares were converted into common stock and the remainir#
cumulative
"4i/2%
1947, the corporation entered into separate agreements
with two insurance companies, under the provisions of
rumors
stockholder with respecL-to the financing of TWA."
new officers will be named following a meeting
in
-
39,150 shs.
1
-His successor and Other
«<of
,
,
•"<•
100,000 shs.
.
description
;>*See
.
par)——.
($10
1,848,087 shs.
t2,500,000 shs.
par)———-
($10
stock
of cumulative
Ripley & lo.,
iithc!*1V- H84ri^T
Sale of Debentures
& Mr, Frye said on Feb.'"21, that he had decided not to stand for re¬
flection as President "because I am not in agreement with the policies
'■of
1
stock
Common
Management
including 6 235 shares
and those subscribed fn•
for by them, were sold. , « ,
44
:
»
.
-
that
."Messrs. Frye and Hughes were at odds over proposed refinancing of the
■company.. Recently the Hughes interest advanced a $10,000,000 loan.
weeks
followed
warrants
by the underwriters headed by Harnman
nSenior Vice-President in charge of transportation, came in a statement
•from the Hughes Tool. Co. of Houston, Texas, owner Of 46 7* of the
fine's outstanding stock)^'. <v"
'v
development
Inc.—Preferred Stock Oversub¬
new shares of 4J/2% cumulative
subscription^
.
inability to secure flight equipment as rapidly as desired, unavail¬
ability of construction materials and the time required for training
additional personnel.
Higher operating costs, a decreasing passenger
load
factor, lower fares and shipping rates, and the reduction to
~
r»f cnhcrrintinn
OI
a
,
by
.
managerial shake-up that brought the resignation of
■Jack Frye, President since
1934.
v>;
Announcement
of
his
resignation
and
that of E.
Lee Talman,
The
94,773
>•
corporation has been
Armed Forces
of the United States,
including flights across the Pacific Ocean fo*
the
Air Transport
Command,
and management of
a
landing aids
experiment station at Areata, Calif. Corporation terminated such transPacific operations in January 1947 and withdrew from the operation,
preferred stock (par $100) recently offered to common
stockholders on a pro-rata basis, have either been sub¬
scribed for or sold, it was announced Feb. 26.
•
'
A total of 83,089 shares were subscribed fbr through
According to an Associated Press dispatch from Kansas City, Mo., the
jttoward Hughes interests assumed complete control of this corporation
on
Lines,
Air
United
)
April
the Third Avenue Ry. Co. adjustment
3, 1947, at the rate of l>/4% on
'.jncome bonds.—V. 165, p. £54.
I
instalment
an
&f
States, "as
United
the
totaled 164,782 airplane miles daily.
1946 corporation's transcontinental
1,
.
Third Avenue Transit Corp.—Interest Payment—•
The
<
\
certificated
begun.
&
Transport Corp. and
Air Transport, Inc., NtvTransport, and Varney Air
engaged in the perfoimance of various operations for the
;
%
Incorporated in Delawa^r» ;
Lines Transport Corp,"
Boeing
Air
Pacific
the
1
Air
Aircraft
including
Inc.,
Francisco
1946
Dec.
In
2,500,000
•
115.
165, p.
of -United
name
been
Transport,
San
1,
routes
Inc.—Distributions—* ;
of dividend payments
record
For
—V.
declared
its
10,079
yet
stockhoders of record March
Stock Fund,
mon
for the purpose of providing
are
28,000,000
route connects th® "
Atlantic Coast cities of Boston, New York, Newark, Philadelphia, and ;
Washington, D. C., with the Pacific Coast cities of Oakland, San
Francisco, Portland, Seattle,. Spokane and Vancouver via such point*
among others, as Cleveland, Detroit, Chicago, Omaha, Denver, and SaHt
Lake City. On the Pacific Coast, the corporation's routes extend fro»
Vancouver, B. C. ■ to San Diego, Calif.; via 24 intermediate point*
including such cities as Seattle, Portland, Sacramento, San.Fran- ■
cisco, Oakland, and Los Angeles.
As of Dec. 1, 1946 the corporation'* ,
following dividends, all payable
10: On Union Bond Fund A,
19 cents; on Union Bond Fund B,
17 cents; on Union Bond Fund C, 5
cents; on Union Preferred Stock Fund, 28 cents; and on Union Com¬
directors
-The
March 20 to
for authorized but unissued
•capital stock in connection with possible future financing, and to in¬
sure apropriate flexibility in future management.—V. 165, p.
U5.VJ
stated,
as
•
? Union Trusteed Funds,
;
in order
plan for the retirement of American's preferred
Commission.
The remaining amendents, it'
a
before
of
On
$3,242,547
2,050,000
——
companies
of
between
$4,311,705
1,069,158
$3,336,178
taxes—
the
has
Inc.
corporation's
Dec.
$4,162,499
826,321
all sources——
'Includes Federal income
-^•V. 165, p. 98'4.
5
is proposed
21,086,000
—
BUSINESS—Company was
under
Air
sists
Lines)—Earnings—
—
)
its stockholders shall be applicable to the company
the holders of a majority of shares of the outstanding
y.v'-vl-
8,987,240
preferred
loan:.
20-year 3!/2%
Lines,
»"•;
or
■upon the vote of
from
bank
term
1934
ecessors
\The
<
)>(e) To provide that statutes passed in the future affecting the rights
.-stock.
from
income
Net
;fpose of all or an essential portion of its property upon the vote of a
^majority of the board of directors and a majority of the aggregate
-.-number of shares outstanding and entitled to voteA*
of the
' Total income
Fixed, and ottier. charges—
,
■
or
of
tional
v
authorize the corporation to sell, exchange
To
$69,953,000
corporation
certain
in
not
Union Pacific RR, (& Leased
(O To authorize .the board, of ..directors to sell, exchange or other¬
wise dispose of any property not essential to the conduct of its corporate
; (d)
to
engaged in the air transportation at
persons, property and mail since Dec. 28,
1934.
Various of its cor¬
porate predecessors began operations as early as 1926.
Among pred¬
,
.•>';••'■ V;;-
15,212,000
1946
1,
Dec.
$69,923,240
20,
The
-
business.
from
stock offered
depreciation from Dec. 1, 1946 to Dec. 31,1948
HISTORY AND
July
•
:*•//..-
expended
Total
.Tower-&.LightVCo.,-'to 4;000f000 shares of common stock (no par) but
(Excluding offsetting accounts between the companies)
~
'
-without ansy ehance in the aggregate stated value, the 4,000,000 shares ';
Month of January—
'
/
;
„
1947
'i 1946
•to Be issued to-American in exchange for its presently held shares of
Railway operating revenues
$31,412,909 $31,526,034
'Texas Utilities.,V";v* '* V
•V"w'
Railway operating expenses
—
23,083,435 22,490,042
Texas milities further p?oposes to.aniend its charter in the following
.a-espects:
Z
^
,,
.
;; Net revenue from railway operations___i-.—. v $8,329,474
$9,635,992
; (a) To increase its authorized capital,stock to 40,000,000 shares (no
«Taxes
' 4,225,235
4,340,484
-jar) j.Tj-V -•', /;->?,V.
Equipment and joint facility rents (net)- 1,053,751
820,347
•! (b) To provide for preemptive rights to stockholders with respect to
any
offering- of. common-; stock",, orsecurity convertible into common
Net income from transportation operations-$3,050,438 $3,875,161
•stock;.'for money,-'other,than with,.respect to a public offering of such
Income from investments and other sources— * 1,112,011
436,544
•shares.
be
.
Within a few months a pilot model of the Super Twin, seating 58
passengers and the nation's largest urban type motor coach, will be
completed, the company said.—V. 165, p. 256. ftv; v
u
to
company
model
pilot
operation.
\
to
proceeds
net
Proceeds of
goals
Equipment
ft...;'"') >■':-/V/':"
sq.
'
v
.
Charter—
the
$85,165,000
-
1946—
1949
1,
Proceeds
engines, is adequate to triple the company's prewar volume of busines."
Total floor area of the Kent and Buffalo plants now exceeds 500,000
$3,135,981
amend
its
charter'to change1 its-presently authorized and outstanding 2,001,000shares of common stoek~'( no par), all'of which are owned by American
im
to Nov. 30,
•
1,270,161'y■. 3,932,815
,
,
,
22,517,000
425,000
3,767,000
-
of funds:
Estimated
Arnot
month.
4,698
1.--;
proposed
Minimum
capacity for building coaches, in addition to the capacity of a
wholly-owned subsidiary plant for manufacturing Fageol Twin Coach
116,442
are
$58,456,000
—
-
———
Jan,
Sources
-
$6,997,088
>
$461,068
:
103,514 "
charges^'
etc.,
'
$425,972
Gross income-
funds
————
amounts expended
Balance
Plant
interest,
which
'
equipment
Ttoal
Less
•
.
6,412
Dr218
program.
facilities—.
communications
.
$4,912,815
1,200,000
4,222
.
$461,286
' 498
\
such
for
.0
Miscellaneous purposes
coaches, a further increase
monthly period during the
.
Net operating revenue ,"
ground
Ground
commented, ^however, that January output fell short of
due to work stoppages in the last few days of the
delivered in January was valued at more than
$2,000,000
' ' ■
"
About 1947 schedules Mr. Arnot says, "We fully expect productiqn to
continue upward until a monthly output of 250 coaches is attained.
1,425,000
Mr.
production
Other income
available
proposed expenditures and the sources from
to be obtained are stated as follows:
> ■
New
(
During the last quarter of 1946, production and deliveries climbed
sharply. November deliveries showed an increase of 57% over October.
;
7,512,156
401
Amort, of limited-term
investments
than $30,000,000
beginning of January exceeded $32,000,000, representing 2550 motor
2,258,421
100,000
266
approp.
res.
AKA
8,454,165
72,477
125,000
taxes
Other
Prop,
—
AOO Kin
203,007
more
be
wer*
require*
will be
'
$1,459,688 $17,971,150 $17,357,729
741,512
201,430
avnoncpc
V
totaling
1947
.
coaches.
1947—12 Mos.—1946
s
in
company
which
borrowings
bank
Proposed expenditures;
;; New
flight equipment;
company, with plants at Kent, Ohio, and Buffalo, N. Y., has
scheduled 2190 urban type motor coaches for delivery this year.
Unfilled orders on the company's books for urban type coaches at
Light Co.—Earnings—*
Period End. Jan. 31—
this
"
estimates.
current
short-term
expected
The
consolidated Federal income and excess profits tax returns
refinancing by the company.—V. 165, p. 344.
)
;t
parent in
by
exceed
certain
repaid out of funds to
of public transportation equipment were predicted on Feb. 21 by
Arnot, Vice-President in charge of sales.
'
C.
has
subsequent to Dec. 1, 1946 in anticipation of payments
the corporation's expansion program.
Such borrowings
by
Twin Coach Co.—Production and Deliveries Rise—
Deliveries
Net income
ividends applicable to pfd.
should
program
Corporation
The
income
Gross
:
ce?££
made
);■...
344.j.'--,.,•:
p.
"
making
against $2.50 paid in 1945.—V.
as
pansion
extra
an
23,
,
*
to
insurance companies of $12,000,000 20-year 3»/4% debentures, series A
due Feb. 1, 1967.
It is possible that future financing, either of apublic or private nature, may be resorted to if the costs of the ex¬
usual
-
$5,828,273
'
38,326
*
tber income
912,880
860,000
243,747
Cr824,729
*76~350
revenues—
oper.
924,439
stock.,both, payable March 31 to holders of record March, 9.
quarterly dividend of $1.12,/2 per share on the outstanding
prior preferred stock was also declared, payable March 15 to holders
of record March 3.''"
'• V." '
'-**
•-••"•- » '" V «:•>" '••
In addition to four regular quarterly distributions of 75 cents each
The
.Special deduction ——
roperty, etc., taxes—
rop. retire, res. appros.
Net
/
v.assets?" rom* tVwlo'oMOO hanV Zl
ferred
of
.
corporation's Mexican subsidiary, and $1,583,000 proposed to'tie ex^In ^ddiUor^to * l?e Drocefris^x^^Tin&nci'ne funds for
the foregoing purposes will be available ?rom depreciation' accrued
between Dec,^1
1946 andDeo
31
1948Ln SSfc SKenrknd othS
-
Feb. 20 declared a quarterly dividend of 75 cents
outstanding common stock and the regular quarterly
cents per share on the outstanding convertmle pre-
on
the
on
estimated
/
i
>
P-
-,
$2,434,329
$4,203,815
'
L
,
(
1238
United Aircraft Products, Inc.—Omits Dividend—
The
cash
corporation
for
On
Feb.
on
expedition
the board
program,
a dividend
i
and
directors
of
this
of
last,
a
"in
that
to
order
Ventnor
of
conserve
the
company's new products
decided against declaration of
has
on the new
The
old
stock
quarterly dividend of 12i/2
Resigns
ation
share on
of
the
John
company's
W.
board.
Hubbard
resigned
7,V
as
'
(The) United Corp. (Del.)—Bought 78,500 of Its Pref¬
Stock in Six Months—
Feb.
New
York
The
:
,
that during
20, 1947, it has expended
the
7
15
The corporation announces
the six month
period ended
Period End. Jan. 31
! &
Profit
from
Depletion,
I
1947—3 Mos.—1946
operations*
and
$502,845
deprec.*'
Wabash
and
Federal
Gross
from
from
Net
from
Net
from
Net
ry.
18,450
23,967
95,763
railway
110,600
207,200
January—
Gross
$187,154
$192,490
$470,296
$0.34
$0.35
$0.85
Net
$413,881
$0.75
;
from
from
ry.
319,600
1
income
—
2836
and
pp.
At
1
John J.
if
&
with
this
retired
Traffic Vice-President after 39
it
was
announced
7/,
•'United
;V:
;
tr>
Redemption—
to
for
tNet earnings
Common
Earned
It.-
'
:
.
mz
outstanding—
*Of
which
of profits
$5,883,000
the
from
was
sale
of
operating
securities
erty.
tIncluding capital gains
$1,342,729
tAfter depreciation,
of
$736,648
fft
at
Co.,
assets
such
U.
and
a
S.
The
suit
petition
in
of
and
West
Coast;
violate
the
y:
,7
.
Other
,
the
sale
of
greatly
of
the
fabricating
Steel Corp., on the ground
Sherman Anti-Trust Act.
purchase
rolled
steel
reduced
"eliminate
would
products. It
between
U.
S.
Steel
ties
&
also
1,
1947.
of
Provision
Foreign
for
payable
on
business
April
on
of
that
and
31,
April
Net
per
;
1947, >
18,
on
*
March
Profit
statement
The shares
Other
L
sub-
in
manufacturing and selling fabricated
in
Arizona, California,Idaho, Louisiana, Montana,
Mexico, Oregon, Texas, Utah and Washington.
•■.'?' United States District Judge Richard
ion Feb. 25 fixed March 14 for
a
S.
the
on
will
be
Inc.
with
Loss
added
to
Consolidated
tions
«?:•
lijt
is
fabricating plants
and
San
the West
on
Its
Government's suit.
principal fabricating
Francisco.
Coast
of
field
other U. S. Steel subsidiary.
active competitive situation now
on the Pacific
this
business,
any
Net
treasury
c
v
funds.—■■■*■■
U.
Coast, with some
would not be changed
ji
place
Such
crease
•
transaction.
Consolidated. '
of
an
acquisition of
the steel making
Consolidated
produce
^,
this
the
47
2,012,095
5,563,841
has
sale
U.
huge
no
owned.
,;
•
<
per
of
3,003,285
1,040,035
1250,632
Steel
making
for
'
•
the
facilities
/.
in¬
not
V:,-
y
Steel
S.
•
wartime
continued
■
J 'p
t;
-
for
result
;
71
^
in
operation
Western
is
the
on
of
users
for
U.
West
S.
Steel
Coast,
A
to
in
engage
ing
business
the
tural
was
logical
steel
future
to
for
to
way
be
serve
step
it
a
of
source
supply
accomplishing this
fabricating business
carried
-;V
on
>
4
'
The
some
'
$11,518,882
4* > 92,584
at
Geneva,
$8,427,400
outlet
for
thus
plates and
help
to
struc¬
Insure
-:
$8,783,940
into
business
of
Consolidated.,
k
contract
a
$6,183,905
A
meeting
scheduled to be held
p. 854.
••
the
purchase
subject
of
the
March 3,
on
to
i1j
•
i)«-
k
The directors
§4,300,000
$4,367,362
$2,368,565
$0.93
$1.17
1
1947.
Feb.
on
21
Payments
Van Norman
? "a
income
Common
declared
last
a
year
were
as
In
Earned
per
*
ana
V
1
:i
$0.63
;
1945,
March
10
15
and
on
issued
for
three
share*——
;
II—"
S1267M4
p.
240,000
$1.24
directors
payable
cents
per
10
cents
to
holders
of
share
per
share
a
is
record
from
special
14,
ordinary
realized this
net
1947. Of
income
from
net
government
.
V
■
>il
7)
fund, starting
of consolidated net'
$50,000 or 20%
stockholders
principal
net
of
for
the.-company,; who' constitute its
officers;
executive
sales
1946
*
amounted
to
$9,258,453,
■
.
.
r
.,
and net
-■
furnishing
sponsors
$767,638
providing
-*-
will
of
an
be
that
■
.
additional
and
$860,544.
local
;
,
10.
Last
Feb.
19
declared
payable
^
distributions
of
dividend
a
March
disbursed
was
14
2
cents
10
of
•
;
per share
record March
14, last.
cents
10
holders
of
and
to
Jan.
on
Vv
>
Feb,
each
on
on
Jan.
15,
made
were
15, May 15, June 15, Aug. 15 and Nov.
cents, for the year 1946.—V. 164, p. 3338.
70
-
Dividend—
March
of
making
•
\
Following' his .release
share paid
per
from
on
to. the
each
the
by
followed
was
Prior
a
two-for-onc
March
on
164,
the
■
Army
,
Lieutenant Colonel, Mr.
»tf«iwp*rVttv of
a
as
<■">
.
14
new
and
payment
the
June
1.4,
old
of
$2.50 par
'
Worsted
7
stock on Dec. 12, last,
15 cents on Uec. Jostock received
1946, and 50 cents on Sept.
$1.25 par value
year-end
split-up,
p. v 3338. * *
Wyandotte
The
^
s
7
;
-
Me.—Registers
Waterville,
Co.,
v
7 7
,
registration statement, for 92,038
(par $5). Stock will be sold through regmar
channels, without underwriting, over vthe yNew^York Stock
Exchange at "the best prices obtainable." Stofck is being sold oy.
five stockholders.—V.
164, p. 466. ,
^ -be''.'
7
7
•;
:>r..::
company on Feb.
of common stock
shares
26
filed
a
market
and
«
-
Yale
&
000,000
Manufacturing Co.—To' Borrow $10,Insurance Firms—W. Gibson i Carey,7
Towne
From
President, on Feb. 25 announced that this company4 has
arranged to borrow $10,000,000 to provide for ;additionai
working capital and for plant expansion. • .Metropolitan
Life Insurance Co. and The Mutual Life Insurance-?
po¬
of New York
;
......
stock,
amount
year,
15,
total
a.
Feb.
on
common
like
A
cents
this
The Federal program covers
only smaller airports, those designated by
Civil, Aeronautics Administration as Class
1, 2 and 3 and does not
include construction on the
$40,000,000 Los Angeles Airport where
the
directors
the
on
With SEC—
state
-
/
.
-
1947—26 Wks —1946
WJR, The Goodwill Station, Inc—25-Cent Quar. Div.—
'
Federal
or
1768.
p,
Up 25.9%—
,>
$18,333,984 $14,565,205 $31,371,905 $24,373,505'
The directors have voted a
quarterly dividend of 25 cents per share,
payable March 7 to holders of record Feb. 27./) This compares with 3ii
984.
$1,628,182 with the
amount
—_i—**i_
'
1946.—'V>:
Vice-
par)
York,
New
,
realized
James,
Corp.,
Will ^ Baimier Candle Co., Inc.—lO-Cent
-
.
-
"Jimmy"
N
filed
are financing the loan on notes maturing
May 1, 1967, at a 2%% interest rate, he said, jThe com¬
pany will take $5,000,000 immediately, and the additional
$5,000,000 in the fall.
'f
,
.
...
Mr.
Carey explained the need for additional working capital by
pointing out that the company's volume of business is currently douo
that
which
Canada
existed
and
industrial
trucks
appliance
field
whiclv
—V.
is
164,
Just
p.
before
the
England.
The company's
and
with
in.
war
'
products
are
scales.
an
starting
2196.
In
its
plants in the
,
addition,
automatic
in
its
'
•,
;
United Stares
,
,
locks, builders' hardware, pumps,
electric
newly
organized
7
J101?,,'
entering ■ the trai
the manufacture
Buffalo, N. Y. P*a
it is
iron,
-
'
,
■
.■ >:i;
'
,
«)<.(
.
sinking
a
Carpenter was appointed Dean of the Law School
of;the^University^J
St. Louis.. He. will maintain his new office in the company s Chicago
headquarters. V. 165, p. 111V«
,
\
t
/,1..
year, amount to approxi¬
the sale of certain public
p.
Sales
—V. 164,
7'
March
dividend
Sales
; "
declared the 69th consecutive quarterly dividend
capital stock. This dividend of 20 cents per share
31
represents
profits. These profits,
Government
f
:
have
EugenW. Hynes, Chairman of the board, on Feb. 20 announced that
V. Carpenter has been elected Secretary to succeed William
F. MoKee, who will continue as Treasurer. ; " '
7 *
have
the
on
March
President of operations.
The total cost of improvements
f°/ ^946. in.clude the earnings of the Morse Twist Drill
April^6- 1946- the
ot acquisition of that
Tufst nl'm'x
m' J e ,comhine<l Pr0«' "I Van Norman
iL? Machine f0^ the complete year 1946 was
tin!
"
Per Sl,are °a the ,stock now outstanding-
lb
,
retire bank loans and for
to
used
will
Interest rate will be filed by-amendment.
common-stock are being sold for the account of"
shares of
principal
cents
The first year's Federal Aid Airport Program calls for contraction
or
improvement of ten airports in cities on Western Air Lines
8,500-mile
system, it was announced last week by C. N.
$296,520
$2.97
■[
Richard
?
-
Western Air Lines,
Infc.—Improvements Planned—
1945
3Go'ooo
\
company on Feb."; 19,
for 250,000 shares
($1
which
7
■
165,
ig46
2298.
p.
■V Wilson Brothers,
Co.—Earnings—
*$1,070 025
a secondary
offering*
(par $1) at $17% per
stock
purposes.
They
fiscal year, equal to
company's
The
approved a four-for-one split of the
par value common stock.
New certifi¬
shares in addition to each share held,
,
/
charges and taxes
outstanding™™—
■
;
14 effected
common
'Period End. Jan. 25—\.v 1947—13 Wks.—1946
1946^:; H/i:
mately 39 cents per share and resulted from
utility holding cpmpany preferreds which had appreciated to near their
estimated
work out values;
and other equities that seemed
^amply
priced in view of present estimated earnings and
appreciation possibil¬
ities, the corporation announced.
Wellington Fund shares will be ex-'
dividend at, 4 p.m.
(EST)
March 11, 1947.
v: ^
In 1946, the
following distributions were made: March 30, June 29
and Sept. 30, 20 cents
each; and Dec. 27, 70 cents (the latter being
payable in cash or stock, at the holder's option).—V.
total of $1.50 per
a
Feb.
on
Wieboldt Stores, Ibc.—Current Sales
$0.52.
-
p.,im.,7kv7;;.;;H7';?7' :77-=;77->;:'-.vy-
distribution,
Jv
Morse
v! 165?
follows:
50,000
four
Street
Dr7,174
Wellington Fund, Inc.—To Pay 20-Cent Dividend—
The
dividend of 50 cents per share on
March 15 to holders of record
after all
shares
L™.
V
165,
securities
Calendar Years—
Net
nv
24
no
is
.'
Sept. .15, 50. cents each; and Dec.
31, $1.
share was disbursed.—V.
1G4, p. 3003.
i- <7
13,945,000
$1,981,7304
4,400,000
250,000
m
9,084
*4,825,000
i
excess
distribution
fabricating assets and
the stockholders of
by
the outstanding capital stock, payable
March
\
a
registration, statement with the
capital stock.. Underwriter;-Broad
proceeds, will be used for investment.
The company was incorporated Feb. TO, 1947."
•/ ? «
* l
26,630
8,069
Feb.
.
Universal Match Corp.—50-Cent Distribution— "k
^
I •'%'
the
^
V
The
108,509
■
*—*
101,387 shares of
—v.
stockholders of Consolidated was
1947, to act on this matter.—V. 165,
.
r'H,
of
approval
134,021
'
-
158,
the" 1S47
SEC
7,637
—
be
had
for
Consolidated,
income
727.
p.
X 'i.",
.
1946 • V.'1945 1
.1944
$3,982,282 ? $4,821,152
$4,177,091
1,378,877
2,030,029); ;<l(t796,2l4
v
678,251
; 591,716
554,329
'
404,432
Whitehall
$7,229,279
operation of the Geneva plant.
entered
'
2,600
■
■
$7,203,829
—
stockholders
will
the
Negotiations with Consolidated for such a
purchase were commenced
f last October. Last December Columbia Steel announced that it
i.a-
,956,492
Income-^Iter taxes ta $762,547.—V."
164.,p. ,1332.
$6,928,499
$5,889,832 ?
300.780 •vi; 294,073 •;
.
cates
months ago that its fabricatseemed to U. S. Steel to
and
Co.—Earnings—■ \
1947
railway™*
railway
directors-and
3,524
-
v
356,540
;■&' $11,611,466
fixed
company's
purchase
a
essential
an
"2,696
"Whitens Auto Stores, Inc.—Registers with SEC-^
The
CrlfiVJ
(S. D.) Warren
Co.—Split-Up Ratified—
for'many
i
.•.
S. Steel
secure
produced
steel
has
Such
sale.
as
toward
the
which
years in other parts of the country.
be
ii
and
years
natural
activity
an
Consolidated informed U.
>
the
over
steel.
229,936
$375,053
earnings,, whichever is larger.
LIABILITIES—Dividend payable, $2,775,822? accounts
payable, $4,464,538;
amounts
withheld
and
collected
for
Federal
Government,-'
$2,337,665; accrued liabilities, $8,844,867;
royalties and participations
payable,
$1,913,587; reserve for Federal income taxes (less U. - S.
Treasury Notes of $11,248,707),
$11,273,370; mortgages and contractual obligations
maturing within one year, $662,033; owing tp affiliated*
companies, $117,476; advance payments for
film, deposits, etc., $722,201; current liabilities of subsidiaries
operating in foreign territories
(including
$402,500
guaranteed
by
Warner
Bros.
Pictures, - Inc.),'
$6,579,562; debt maturing after one year, $23,255,560; deferred
credits,
$1,893,375; reserve for contingencies,
$5,377,026; interest of minority
stockholders .in capital and
surplus of subsidiary companies, $304,672;
capital stock (par $5),
$37,010,900; capital surplus, $39,466,631; earned
surplus, $45,502,510; total, $192,501,795.—V.
164, p. 1332.
reason
does
RR.
2,750 shares of
with
$19,566,158; U. S. Government bonds, at cost or
redemption value, $2,430,128; accounts and notes
receivable, $2,870,725;
production and royalty advances,
$1,551,766; inventories, $47,922,370;V
current and
working assets of subsidiaries operating in foreign ter-.
ritories, $3,884,282; investments in
affiliated
companies, $9,080,683;
fixed assets,
$99,812,818; other assets, $5,382,865; total, $192,501,795*
.•
*
not
simple
and
228,300
.
1,144,934'
579,025
A.4';.480,801,ri
CONSOLIDATED BALANCE
SHEET, NOV. 30,
engaged in
would
$604,989
$437,456
:;;777.--
.Proceeds of the debentures will be
17,094,764 4
-ASSETS—Cash,
by the
merely take
,
165,
the
:,
share*—
com.
*,-
shipbuilding program on the Pacific Coast. Geneva's %
capacity to manufacture plates and structural steel is in excess
of any
-likely post-war needs for these products in the Far West.
Upon
acquiring the Geneva plant, it became U. S. Steel's
responsibility to
seek means to utilize so
far
as. possible
these excessive plate and
structural steel capacities}
and thus permit the Geneva plant to be
M*-
\i
'
way
would
31,089
;
The bompany on Feb. 25 filed a
registration statement Vith the BEC,
covering $1,000,000 of 12-year debentures and 50,000 shares of.common
stock (paj $1). The proposed public
offering will he made by an under¬
writing group headed by First Colony Corp.
' •
profits tax of $3,825,000, atter credit for debt retire¬
ments, $162,000 and postwar refund $236,000.
tOther than amounts lnv
respect of studio properties charged to film costs,
tAfter allowing for;;
credit
on
debt
retirement, $120,000 and postwar refund, $210,OGO.
§ Includes, excess profits tax of
$1,500,000.
V
purchased from the government its large
steel mill at Geneva, Utah. This was a
war facility, built
by the gov¬
ernment to provide plates
and structural steel for the government's
V
:
concerns
Steel
; '
'
Consolidated
cf
-
June,
has
now
substantial
any
;
steel.
Last
Steel
:
v
W6V«nberg Shoe Mfg. Co.—Secondary Offering—The
_
150,000 •»
net
u-
;*Ineludes
substance; today
between Consolidated
different
in
assets
steel
no
S.
Pacific
share.—V.
6,698,598
.
1,274,757
17,791,388
"4- *971,477
140,652 ;i
profit*—.
Earn,
ac¬
any
or
Columbia
capacity of U. S.
that.
IV
of
of
$573,900
>•;
—__—
i: •• v\
ry.,oper.
of
and
income;—
on
Net
opera¬
the character of those
i
Wisconsin Co.
*
Subs.)—Earnings—bX.
(&
20,302,210
959,282
.
:
Federal income taxes
'C-.*. •'
existing in the steel fabricating
The
consummation
®
and
by Consolidated. There is no competition
.between Consolidated arid Columbia
Steel,
the
1
fabricator of steel;
a
Angeles
13,500
$642,547
23,209
$665,756
—*—;
I*;i—-——
geheral^corporate
*
Minority interest
competition.
Los
at
are
from
from
—V.
'
/ 6,941,994,
2,384,084
20,407,990
■
;;
-;r
—-—
Include account amortissation
165, p. 727. ~
Net
:
t.,
*
assets
.
•|w
56,083
...
12,221
7
——
income
Gross
the
'46 Dec. 1/ '45 Nov. 25* '44; Now 27. ',43
8,500,407
*
*
income
Total
,4
-
Benjamin F. Fairless, President of United States Steel
Corp., on Feb. 24 made the following statement:
> In
the Judgment of ourselves
and our counsel, this proposed
quisition would not result in a substantial
suppression of
$531,317
45,886
;7-
'
'
;
Rodney at Wilmington, Del.,
hearing
*
January—
•
.
the number
are
I
expense
—
$608 382
*
-V.
$43,911,297 $39,053,991 $33,093,321 $34,413,961
loss
$906,317
375,000
726.
roy-
*
<
;
-
'
Dr)__i—________—
(net
Fixed charges
»
f
I
income
The
com¬
its
rents
Gross^ income
and V;
1946.-—V. 165, p.
19,
registration
a
.
Nov, 30,
adjust.,
$1,118,882
pre¬
March
close
the
conting.—
exch.
exchange
$2,695,874
1,789,557
2,262,079
,
railway operating income.™-—
Other
>
depreciation
expense
_—*—*i_*_
1946
>
earned
on
facility
Net
.
royal¬
property
Interest
,
gen.
&
'
—:
revenue*****.
'
$3,380,961
—
>.
dividend
full
been
business
Joint
purchase warrants which expire April 1,
at $12.50 a common share during first
1, and $15 a share during the last five
made in cash or by tender of 5!/2% cumula-
participations.
and
tAmort.
that"
Consolidated
New
stock,
substantial
adds
operating
I
|
1.
v
'' '7
1947
:
510,000
stock
costS-i-
inch
r
,
April
.
film
costs,
Oper.
V-
of
"
r
•
priced
Payment may be
stock.
Proceeds
income, rents,
alties, etc.—*
' y ;
•
subsidiary,
Net
bonds, series
B, had been
preferred stock to
of
common.
preferred
Film
'
a
planes
Operating income
Equipment rents (Cr)____
had
the
on
close
at
filed
24,
13 Weeks Ended—
income.
*
,
of
be
on
apd declared a dividend of $1
paid
Warner Bros. Pictures,
prop¬
profit
on
Columbia Will Violate ;
:V
Consolidated
that
the
be
products
Nebraska,
of
would
charges
would
sidiaries
steel
Steel's
business
purchase
competition"
r
tive
to
beginning
V. 165, p. 727.
Attorney General Clark on Feb. 24 announced the filing of a suit 7
Wilmington, Del.,-i to enjoin the proposed acquisition by Columbia <
Steel
I
by
exercise
are
years
years.
Corp.—Attorney General Holds
of Consolidated
Anti-Trust Laws—
V-,
[
for
Amortiz.
Steel
1947,
291,487¥2 shares ($1 par)
and
four
•-.
$1.51,;,
and
operating
'
States
Acquisition
T*
and
vessels
1944
2,862,566
746,841
consisted " ;
$624,000
out-dated
165, p. 725.
United
%
and
'
interest and Federal taxes
.
—V.
profit
and
1956,
1945
$4.82
*
the
at
record
were
Feb.
on
set
its
$7,686,229
2,630,269
705,344
Baking Co., New York—Registers with SEC-^
company
than ;
spent
Western Maryland Ry.—Earnings—
Western
Ward
*$6,507,000 t$2,079,377
1,327,400
1,282,568
—
——
share--————.
per
'
stock
share
per
common
of
1947. Like amounts
The
I.y7:1 :y;
/
1946
_:
—
shares
-
.
18,
outstanding
when
of January—
Operating revenues
•Operating expenses
;
1945
$7,663,656
614,360
preferred
record
shareholders
be
•
$4.50
of
April
on
the
on
reserved
United States Lines Co. (&
Subs.)—Earnings—
Calendar Years—
/1946
$6,184,693
1,483,652
general
the
on
payment of
common
3.1,
\
share
per
payable
SEC for
*
the
on
December— ;
;'!,v Month
>
/
general
shareholders
share
Corp.—Partial
redemption on April 1, 1947, through
operation of the sinking fund, $1,995,000 of first mortgage and collateral trust bonds, 3% series due 1962, at 100 and interest. Payment
will be made at the Guaranty Trust Co. of New
York, corporate trustee,
140 Broadway, New York, N. Y.—V.
164, p. 2736.
^ ''j:
V-7'
\
Gas
The corporation has called
JANUARY
and Dividends Declared—
interest
the
$4.50
ferred
':>
,
"
1947
$7,527,018
2,144,623
911,198
-
OF
fRevlsed figures.
authorized
164,
v
1947,
h
.
the
and
of
years ''
19.—V.
Feb.
on
'•
v
MONTH
94,701,127
95,520,547
36,455,911" 41,164,687
9,277,432
11,777,668
mortgage 4% income
mortgage 4JA% income bonds, series
earned and authorized payment thereof in full on
April
At the same meeting, the board determined that the
as
company,
p. 3003.
91,077,915
a
that
2060.
Kelleher has
service
of
FOR
income
oper.
3.770,713
999,496
meeting of the directors held on Feb. 20, 1947, the results of
operation for the year 1946 were considered and the board declared
United Fruit Co.—Official Retires—
t/'-
8,666,113
1
railway
♦Deficit.
A,
"I '
^
share
25,533,041
6,682,347
railway
Interest
per
80,766,674
15,196,075
_
railway___
income—
more
■■
■
will
year's record for cargo during the month of
transported more than 800,000 pounds of
mail, express and freight over its 47-city system, it was announced
by,
Arthur C. Smith, Manager of cargo.
"
*
' °
\
The "airmail figure of 402,866 pounds marked a 25% increase over
the
poundage for November, 1946.
Air express reached a high of 236,549
pounds and air freight totaled 162,945 pounds.—V. 165, p. 854.
$7,971,040
$7,616,328
2,973,422
i, 1,009,832
444,295
oper.
'
$330,700
(
647,424
'•
in
corporation
December
/
.
-<J
■!,
reveals
on
Record
.The
$6,468,633
♦3,644,048
RESULTS
21,148
75,800
A
ex¬
Net
.
to
of,
1943
1944
1,692,560
railway
Income—
funds
.
1945
$7,441,627
ry; oper.
Net
profits taxes*™
Earnings
—V. 164,
amounting
to holders
77
7
11946
From Jan. 1—
Mos.—1946
$1,197,235
438,077
445,702
4,529
37,741
2,291
—
and
cess
»
1292.
Earnings—
railway
Net
misc.
(net)
income
RR,
$1,256,702
218,859
20,273
income
deductions
'
p.
December—
1947—6
$548,207
201,168
Interest
Misc.
163,
preferred stock,
payable March 15
declared,
the
scheduled
Set
Gross
(*V
the
on
was
.
Stock
United Electric Coal Cos. (& Subs.)—Earnings—
H
dividend
1.—V.
the
■
initial expenditure of
overall
-
....
of
3^1947
buildings; $1,138,882 on miscellaneous items,
for
airport construction
and, improvements are*
Huron, Hot Springs, Spearfish, Brookings, S. Dak.,; Grand
Junction'
Colo.; St. George, Utah; Mankato, Minneapolis-St. Paul, Minn. ;
In the lists of airports to be constructed or improved
during fiscal
1948', 30 more Western Air cities are included; Los Angeles, El Centra •
Palm Springs, San
Bernardino, San Diego, Oakland, San Francisco*
Calif.^Denver, Colo.; Yuma, Ariz.; Idaho Falls, Pocatello, Idaho; Butte'
Cut Bank, Helena,
Great Falls, Lewiston, Mont.; Alliance, Chadron'
Neb.; Las Vegas, Nev.; Rapid City, Huron, Pierre, S. Dak.; Cedar
City'
Logan, Ogden, Richfield, Salt Lake City, Utah; Casper,
Sheridan',
Cheyenne, Wyoi
it.
of
.,.
ah
total
making
-
$158,600
Cities
Hano, purchased Mr. Hubbard's
&
share,
per
March
total sum of $3,780,584, to purchase on
a
Exchange and Philadelphia Stock Exchange 78,500
shares of its $3 cumulative preference stock.
Of the number of shares
purchased, 200 have been acquired since Nov. 20, 1946, the date of the
last
report.
The corporation's authority to purchase shares of its
preference stock, which was granted by an order of the Securities and
Exchange Commission dated Aug. 9, 1946 issued under the Public
Utility Holding Company Act, expired on Feb. 20, 1947.—V. 165 p. 984.
h)
by..
semi-annual
cents
record
.■
Chairman
and
director
a
#
syndicate, through Newburger
holdings of the company's stock.
is
breakdown
A
land:
work.
war
Air
$2,000,000.
4
special
A
erence
Sells
and
meeting of the directors was held on Feb. 25, at which
time
Arno Apell,
President, announced that production during the
month of February had attained the
highest daily record since termin¬
cents per share was
quarterly dividends of 25 cents per
March 15, June 15 and Sept. 16, 1946.—V. 164, p. 1916.
Western
Since End
Holdings—Pre¬
Corp.—Production^ Highest
War—Chairman
A
stock outstanding following two-for-one stock split-up.
received
Boat
Monday, Match
ferred Dividends Declared—
time."
16,
Dec.
announced
20
completion
at
paid
!b
'
.
THE COMMERCIAL & FINANCIAL CHRONICLE
"li
(,<.
■
}'})()
I
,T
-
i
'?
J'
u')}_
,
city*
*{
-~rr,/s.•; rr>
f$(
i,,
A v- -fr. /»
_
!
i.
v?'
i
<
*Oi*'
V.
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4573
Volume 165
''
T^p^TO/T^Ot? CTHT
1239
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
bids
ALABAMA
until
10.30
on
March,
$90,000 school
bonds, to bear not exceeding 5%
Birmingham), Ala.
v'v;.
interest.
Dated
May
15,
1947. J
Bond Offering — C, M. Pinson,
Denom. $1,000.
These bonds are
President of the County Commis¬ due
$5,000 from May 15, 1948 to
sion, will sell at public auction at 1965.
Principal and interest pay¬
10 a.m. on March 5, the following
able
at the County1 Treasurer's
refunding bonds totaling $395,000: office. The
approving opinion of
$340,000 court house, jail and road Orrick, Dahlquist,
Neff, Brown &
.bonds.
Dated April 1, 1947.
Herrington, of San Franciso, will
Due $20,000 April 1, 1950 to
be furnished the successful bid¬
i.
>
1966.
...
,
der.
house,. jail
court
55,000
road
Due
May
Dated
bonds.
1947.
'
%
to 1960.
and
1,
$5,000 May 1, 1950
/.
\
the rate of
interest.AH bonds will be sold
*
/
Bidders may
A certified
the
amount
Chairman
Thorndike, Palmer &
Storey,
Dodge, of Boston. A deposit of 2%
is required of all bidders.
II'>&J^?^ARKANSAS
Hot
Springe, Ark,.
Bonds Voted?—An issue of $10,-
^construction
000:,i airport
18.4
Feb.
election
the
at
carried
bonds
held
on
£
i
-
Searcy, Ark.
'T/.:
Bond Election—The issuance of
$31,000 airport improvement bonds
the
voters
for approval at an election
sched¬
will
submitted
be
to
uled for March 1L
CALIFORNIA
:
t
Alameda Copnty, Decoto Sch. Dist.
'V
~
(P. O. Oakland), Cctlif. i ■'
£5 Bond Sale—The $72,000 school
bonds
for
offered
sale
on
.
Feb.
25—v. 165, p. 1112—were
to
Moulton
H.
R.
&
awarded
Co., of Los
15, 1947.
These bonds
are
due April 15, from* 1951
to
1970, inclusive. The next highest
Angeles.
April
Dated
payable
to
the
was
National
the Bank of
County, Live Oak Ele¬
mentary Sch. Dist. (P. O.
Santa Cruz), Calif, •
.
Trust
&
Asso¬
Savings
will
receive
bids! until
sealed
March 7, for the purchase of000
sewer
$50,-
bonds.
2
p.m..
*
Works District No.
-K
*
22
(P. O.
Los
Bond
Angeles), Calif.
Sale—The $12,000 water
.
bonds offered for sale
on
25
Feb.
165, p. 1112—were awarded
Jones, Cosgrove & Co., of Pasadent,' as 3s, at a price of 100.116,
,—v.
to
[a
of about 2.99%.
Dated
June
1, 1946.
These bonds are
due $500 from June 1,
1950 to
1973, inclusive. The next highest
basis
:jbidder
& *Co.,
price of 100.95. '
was
,3y4s, at
a
Redfield
for
> V
The
"
Santa Clara County, Gilroy
■
School District (P. O. ,;^v?
San Jose), Calif.
Presents
Stanislaus
tary
legal opinion of Or¬
provement program.
are
Collins, Colo.
Offering —
J.
Morris
Elowell, Commissioner of Finance,
sealed
receive
until
bids
March 13, for the pur¬
p.m. on
chase of $250,000 sewage disposal
Dlant- refunding
bonds/ Dated
March
due
1,
1948
These bonds are
1, as follows: $10,000
1949, $11,000 in 1950
1947.
March
and
Offering—C.
C.
Eastin,
purchase of $150,000 school
nomination
$1,000. These bonds
as follows: $7,000 in
1948 to 1957, and $8,000 in 1958
to
1967.
Principal; and interest
(A-O)
payable at
the County
April 1,
check
office.
for
2%
of
bonds
payable to
the
Board
of
due
are
April
1,
Interest
1947.
called.
ceases
New
Note
Britain,
Offering
—
Conn.
W.
J.
sealed
and
Judd,
Taxation, will receive sealed
c/o New Britain National
as
11:30 p.m.
March
March
on
1947. Pay¬
The
due June 16,
are
able in New York or Boston.
Thorndike, Palmer & Dodge, of
Boston, will be furnished. Signa¬
tures will be certified by the New1
Britain National Bank.
Delivery
on or
about March 7, in New
York
desired.
if
Boston,
or
Authorized
is
said
—
to
i
Bonds Voted
—•
It
City
ap-*
"
attraction
development.
Hillsborough County, Plant City }
Special Road and Bridge Dist.
(P. O. Tampa), Fla.
Bond Sale — The $68,000 SBA
10
,
series of 1947,
fered for sale
refunding bonds of¬
on Feb. 18—v. 165,
..
r
be
received
until
10:30
a.m.
on
March 17, by J. B. McLees, Coun¬
ty eierk^fof the purchase of $20,-
vpoo school,; bonds., Interest rate
Ids not
were
—
Union Security &
.
on
Feb.
18
728—rwere awarded to 1, 1956. The next highest biddef
John Nuveen & Co., of Chicago, was the Florida National Bank,
at a price of 100.052, a net interest Jacksonville, and Clyde C. Pierce
cost
of
about
1.614%, on the Corp., jointly, for 1.80s, at a price
—v<
S°n Diego), Calif..
^
Bond Offering—Sealed bids will
(P, O
•
bonds offered for sale
^ San Diego County, Jacumba
School District (P.
855
p.
Yolo County Sch. Diets.
is reported
165,
as
follows:
$70,00(
l&s, due from Feb. 1, 1948 to
1954, and $30,000 as l%s, due on
as
payable J-D,
Denomination $1,000. Dated June
Feb.
1, in 1955
payable F-A.
of
said
bonds
i
ILLINOIS
Barrington Community
ac¬
Trust
Bond
to 1957.; Interes
Legality
Under
Con¬
and surrender.
Interest
called.
date
ceases
\
.
Bonds
the
County
gerald),
Voted—It
voters
V
(P.
Ga.
Bonds Voted—At
is
at
a
gave
-
*
voters
that
recent election.
•
following
a
{
recent elec-?
said
are
to
have
Bridge Commission, III.
Call
Ray Williams,
of
the
Cairo
Bridge
Cairo
stated
a
Sale—The
the
Bond
—
Chairman
Commission, has advised that the
$100,000 2%% toll bridge revenue
refunding bonds, dated March 1,
1941, maturing April 1, 1956, are
for payment on April 1.
called
2%
Payment of the principal amount
of
said bonds, together with a
premium of 2%. will be made on
totaling $1,350,000, offered
surrender of said bonds in negoti¬
on Feb. 25, were awarded
able form, accompanied by Oct. 1,
at auction to a syndicate com^
posed of the Chase National Bank 1947, an(* subsequent coupons at
the Chemical Bank & Trust Co.,
of New York, the Harris Trust &
New
York.
Coupons
maturing
Savings Bank, of Chicago, Blyth
1, 1947, will be paid on
& Co., of New York, the Trust April
and
surrender
of
Co., of Georgia, of Atlanta, John¬ presentation
such coupons.
Interest ceases on
son, Lane, Space & Co., of Savan¬
bonds
for sale
nah, the Citizens & Southern Na¬
tional Bank, of Atlanta, and Var-
date
called.
nedoe, Chisholm & Co., of Savan¬
nah, at a price of 99.61, a basis of
about 2.03%:
sanitary sewer bonds.
Jan.. 1, as follows: $34,000 in 1949 to 1963, and $35,-
$1,000,000
Due
;
in 1964 to
000
1977.
lows:
$5,000 in 1949 to 1972,
$6,000 in 1973 to 1977.
150,000 administrative and jail
building bonds. Due Jan. 1,
O as follows: $6,000 in 1949 to
1963,
•
,*v.
and
$5,000
in
Fox
1954
to
1977.
50,000 library bonds. Due Jan. 1,
as follows:
$2,000 in 1949 to
and
$1,000
in
1970
to
1977.
Denomination
$1,000.: The next highest bidders
were
a
syndicate headed by the
National City Bank, New York, at
price of 99.603.
Bonds Offered for Investment—
reoffered
the
public subscrip¬
tion at prices to yield from 0.85%
to 2.10%, according to maturity.
The
above
purchasers
bonds for
| Principal and interest (J-J) pay[ able at the First National Bank of
is
bonds
been ratified by the
Killdeer Sch. Dist. No. 97
(P. O.
Prospect), III.
Bonds Voted
—
The issuance of
$100,000 construction bonds is said
to
have been
approved by the
voters at a recent election.
.
Mounds, III.
Bonds
Authorized
—
The
City
Council is said to have passed an
ordinance calling for the issuance
of
$35,000
sewage
water
works
bonds.
No.
Bonds Sold
000
on
and
revenue
Newton Community
Dated Jan. 1, 1947.
a
The issuance of
voters at a recent election.
-
1969,
have
said to
—
construction
$150,000
O,
Lake), III.
Bonds Voted
Mount
150,000 court house improvement
bonds.
Due Jan. 1, as fol-
Mt
Fox Lake Sch. Dist. No. 114 (P.
.
-
/
approved the issuance of $125,000*
building bonds.
Fitz-
O.
heavy margin
of approval to a proposal calling
for the issuance of $75,000 hospi¬
tal purchase and equipment bonds
—
>
:
of
issuance
(P. O. Benton), III.
on
,
GE0RGIA
Hill
Ben
>
„
Voted—The
Bonds
tion
for the
Additional Bond Sale—The fol¬
High Sch. Dist. (P. O.
Barrington), III.
}
and
Jacksonville, Fla.
;
reoffered
bonds for
general sub¬
scription at prices to yield from
0.85% to 2.20%, according to ma¬
turity.
after redemptiosi date
or
bidders
successful
above
Co., New York
$940,000 construction bonds is said
City,
or
the
Atlantic National
to have
been
approved by the
Bank, West Palm Beach. Coupons
voters at a recent election.
<
maturing April 1, 1947, and prior
will
be paid upon
Benton Consol. Sch. Dist. No. 47
presentation
of 100.272.
sideration—Legislation providing
proposed issuance of $15,-*
000,000
municipal
light: plant
yl, :1947.,(Due $2,000 from June 1, lowing school bonds aggregating bonds has been submitted to Cald¬
: 1948 to 1957v inclusive..
Principal $73,000, offered for sale at the well, Marshall, Trimball & Mit
and interest
payable at the Coun-i same time
v. 165, p. 728—were
chell, of New York, for approval.
; ty Treasurer's office. The approv¬ purchased by Weeden & Co., of
\
'
Kissimmee, Fla.
ing opinion of Orrick, Dahlquist, San Francisco, as 2y2s:
Certificate Sale — The $153,000
Brown
&
Herrington,
of
2% utilities revenue certificates
ySan Francisco, will be furnished. $48,000 Cacheville Elem. Sch. Dist offered for sale on Feb. 24—v. 165,
bonds at a price of 101,472, a
w
certifiecl check for 3% of the
basis of about 2.35%. Due on p. 1112—were awarded to Leedy,
k°n(?s bid for, - payable to the
Wheeler & Co., of Orlando, at a
v Chairman of the
Feb. 1, in 1948 to 1967, incl.
Board of Superprice of 90.66, a basis of about
>1 Visors, is required; '
1
25,000 Esparto Elem. Sch.' Dist
2.905%. Dated June 1, 1946. De¬
bonds at a price of 102.32, a
San Diego
nomination $1,000. These certifi¬
County, South Bay
basis of about 2.21%. Due on
Union Sch. Dist. (P. O.
cates
are
due
June
1, in 1947
/ ✓
Feb. 1, in 1948 to 1962, incl.
San Diego), Calif.
through 1966. The next highest
B°nd Offering — J. B. McLees,
Dated Feb. 1,
1947.
Interest bidder was B. J. Van Ingen & Co.,
County Clerk, will receive sealed payable F-A.
at a price of 88.39.
•
to. exceed 5%,
the
1, 1944. Denomina¬
Due April 1, 1969 and
surrender
p.
bonds divided
on
the
of
Payment of said bonds will be
made
These
follows:
as
Bonds Offered for Investment—
The
Oct.
Bond
awarded to the
Investment Co.,
of Tampa, as l%s, at a price of
Woodland), Calif.
that the issuance of $365,000 Con¬
'y Bond Sale—The $100,000 Wash¬ 100.022, a basis of about 1.747%;
struction bonds was ratified ,:by
ington * Elementary
Sch. " Dist. Dated April 1, 1947. Denom. $1,the. voters at a recent election.. J i
000.
These bonds are due April
vS„:;
.
Dated
1,
Trust
Co.
of
Atlanta, and asso¬
by
Georgia,
of 5%.
tion $1,000.
1970.
Jan.
ciates.
(P. O.
Decatur), Ga.
have
City Bank, of
Northern Trust Co., of
due
are
mitted
DeKalb County
The
a
by Reed, Hoyt & Wash¬
burn, of New York. Second best
bid was an offer of 98.31, sub¬
.
Bonds
25, were
syndicate composed
proved
-
Lauderdale, Fla.
Commission
Feb.
on
$40,000 in 1948 to 1952, and $42,000 in 1953 to 1977. Legality ap¬
Call—It is stated by W.
Hilsabeck, Chairman of the
Board of Commissioners, that re¬
funding bonds of 1944, Nos. 3811
to 4100, and 4451 to 4500, aggre¬
gating $340,000,
are
called for
payment on April 1, at par and
accrued interest and a premium
FLORIDA
Fort
at
sale
Denomination $1,000.
1947.
bonds
Bond
Storey,
of
opinion
approving
for
National
the
New York,
was
P.
v
re
purchase of $150,000 school
bonds.
u
Denomination
purchaser. These
suit
may
notes
The Clerk of
Supervisors will
bids until
It
Everglades
Drainage District (P. O.
West Palm Beach), Fla.
f
Midland
ist
ceive
sale."
companied by all Oct. 1, 1947, and
subsequent coupons, at the Marine
President of the Board of Finance
(P. O. Modesto), Calif.
—
of
Palm Beach County,
on
CONNECTICUT
Stanislaus County, Ceres Sch. Dist
of
the time
of
inclusive. •>*■.
-
proved the issuance of $6,500,000
revenue bonds to pay for a tour¬
Bond Offering
awarded to
sold, and fixed by resolution
adopted by the city commis¬
2%
$1,250,000
offered
Chicago, Robinson-Humphrey Co.,
of Atlanta, Merrill Lynch, Pierce,
memory of deputy court clerks. Fenner & Beane, of New York,; '
Revenues of the city-owned light Braun,
Bosworth
&
Co.,
Inc.,
and water plant were pledged for Clement A. Evans & Co., and J.
retirement
of
the
certificates, H. Hilsman & Co., both of At¬
which are to maturq in varying lanta, at a price of 98.32, a basis
amounts between 1951 and 1961, of
about 2.11%.
Dated Jan. 1,
1
quired.
the Board
>
the first such provision in a bond
validation
proceedings
in
the
date
on
Sale—The
auction
1952, optional on and after April
bid
the Chairman of
Supervisors, is re¬
for,
bonds
County, County Sch. Dist.
O. Decatur), Ga.
Bond
public
at
State,
(P.
interest
mined at the time the certificates
sion
the
,
bonds
to
These
exempt in
school
certified
A
the
DeKalb
anticipation notes.
bonds, to bear not exceeding 5%
interest. Dated April 1, 1947, De¬
Treasurer's
The
Tax
Georgia.
rate, the
petition set forth, is to be "deter¬
5, for the purchase of $300,000 tax
School District (P. O.
Modesto), Calif.
Bond
of
Coupon bonds, registerboth principal and in¬
to
as
terest.
This
—
a new
to be
Fort
will
Provision
type provision
in their recent petition to validate
$1,750,000 in light and water certi¬
ficates.
Ceres Element Bank, until
County,
New
city inserted
$23,000,000 Water Department ex¬
pansion bonds, to be used in con¬
nection with
a
$30,000,000 im¬
bids
for the
'r
be
able
Petition
Validation
(PST),
rick, Dahlquist, Neff, Brown &
Herrington, of San Francisco, ap¬
proving the validity of the bonds,
will be furnished to the purchaser
without charge. The cost of print¬
ing the bonds will be borne by the
district. A $2,000 certified check,
payable to the County Treasurer,
must accompany the bid.
are
■Los Angeles County, County Water
re-,
—
for the
Clerk
is
will
voters
Certificate
1953, $12,000 in 1954 to 1957,
$13,000 in 1958 to 1961, $14,000 in
on March 7, by H. E. Miller, Coun¬
1962 to 1965, and $15,000 in 1966
ty Clerk, for the purchase of $75,- and
1967. The approving opinion
000 coupon school bonds.
Inter¬
of Myles F. Tallmadge, of Denver,
est rate is hotio exceed 5%, pay¬
will be furnished.
A
certified
able J-D.
Denomination $1,000.
check for $5,000, is required.
Dated Dec. 15, 1946. Due $5,000
■./"V Pueblo, Colo.
fromDec.15, 1947 to 1961* in¬
Bond Call
All outstanding
clusive. Rate of interest to be in
multiples of
of 1%. Bidders 3%% sewage disposal plant bonds,will be permitted to bid different being Nos. 1 to 280, amounting to
rates of interest and to split rates, $280,000, are called for payment
on April 1, at par plus<eccrued in
irrespective of the maturities of
said bonds. Principal and interest terest, at the First National Bank,
Denver.
Dated
April
1,
1937.
payable at the__County Treasurer's
until
received
County Clerk, will receive sealed
bids until
2 p.m. on March 10,
•V! Areata, Calif.
Bond Offering—The City
V
the
.
in
Bond Offering—Sealed bids will
be
America
ciation, San Francisco.
that
asked at the city election in May
to
pass
on
the
issuance
of
4
L
Denomination $1,000.
bidder
Bond Election Pending—It
ported
Atlanta.
Lakeland, Fla.
(City and County), Colo.
Bond
Santa Cruz
office.
.
bid,
Denver
3% of
of the Board of Super¬
visors, is required.
subject to the approving opinion
of
check for
.
name
COLORADO
a.m.
for the purchase of
Jefferson County (P. O.
High Sch. Dist,
127, III.
—
An issue of $350,-
building bonds was awarded
Feb. 15, to the Northern
Trust
Co., of Chicago, and the Merchantile-Commerce Bank & Trust Co.,
of
St.
Louis,
jointly, as 2s,
at a
price of 101.25, a basis of about
1.86%.
; Dated
Feb.
15,
1947.
Denom. $1,000.
These bonds are
due Jan. 1, as follows: $10,000 in
1949, $20,000 in
1950 to 1953, $25/
000
in
in
1954
1964.
to
Merchants
at a dis¬
count of 0.64%.
Dated March 1,
1947," Denomination $5,000. These
River and Godfrey Town¬ for a vote at an election to be
held on April l, u ^
ships, Union Sch. Dist. No. 120
/'" 7 ,V \
(P. O. Wood River), III.
Scott City, Kan.
Bonds Voted — The issuance of
Bonds Sold — An issue of $55,$15,000 construction bonds is said
000
sanitary
sewer
extension
to
have been approved by the
bonds was purchased recently by
voters at a recent election.
payable at the Northern Trust Go.,
Chicago. Legality to be approved
toy Chapman & Cutler, of Chicago.
to.: the
awarded
was
Wood
1963, and $10,000
and interest
Principal
Monday, March 3, 1947
CHRONICLE
THE COMMERCIAL & FINANCIAL
-1240
notes
due March 1,
are
.Bonds
Purchased—An
issue
$950,000 construction and site
(State of)
Airport Bond Bill Passes—The
pur¬
cost
of
State
Legislature has passed and
to
sent
the
Governor
for
signa¬
ture a bill empowering cities to
issue airport bonds, according to
Indianapolis advices.
V•;.■/'y /
2.31%.
Pinckneyville Community High
Sch. Dist. No. 101, III.
Co., Inc., of Wichita,
of
cost
1.60%, as follows: $30,000
maturing $6,000 Feb. 1, 1948 to
1952, as iy2s, and $25,000 matur¬
ing $5,000 Feb. 1, 1953 to 1957, as
l3/is. Interest payable F-A.
Bond
000
Details
Sale
street
Louis, and
Chapman & Cutler, of Chicago.
III.
Bond and Certificate Sale—The
2y2%
revenue
cert¬
,•
ificates of indebtedness and bonds
to
i
March
a.m. on
election
be
may
the
at
Boston.
.
/,
County (P. O.
price of par:
;1
>
$104,000 electric light plant and
V-.L. system certificates.
"... v
a
■
,
15,000 refunding bonds.
$104,000
electric
and
system certificates. Due $2,000
Jan. and July 1,1948 to 1951,
-
;/>;/
1
000
■?.
Jan.
and
>ment
prior
to
'
and
par
the
accrued
inverse
maturity,
interest,
order
of
,
at
in
and
relief of 1947 bonds.. In¬
is
rate
not
to
exceed
4%,
each
bidder.
000.
15,000 refunding bonds. Due $3,000 July 1,1967 and $4,000 Jan.
and July 1,.1968 and Jan. 1,
v
4
1969. Callable
.
;
.
•
.•
conditional bids
for
and
numbers, at
par
interest.
1947. Denomina¬
tion
$1,000. Principal and interest
payable at the First State Bank of
3Eted Bud
at the First National
or
Bank of Red Bud. The bonds will
be sold subject to the
approval of
Charles
&
Trauernicht, of St.
Louis, whose fee for the market
opinion on the transcript of legal
proceedings will be paid by the
purchasers of the bonds and cer¬
tificates.
the
The
City
printing
other
expenses.
certificates
will pay for
the bonds and
of
Delivery
and
made
without
chesers.
'
-
-
bonds
cost
of
the
will
to
delivery within 10 days after
the
Garner
Bond Election—The issuance of
submitted to the voters at
Grundy County (P. O.
Grundy Center), Iowa
-
was
—
An issue of
improvement
purchased
by
the
Rushville
State
Bank.
These
bonds were authorized at the elec¬
tion held on Feb. 18.
!
y
v"
'
■
Sullivan, III;
Bonds
; V
.
Authorized
The City
Commission is said to have
passed
an
ordinance calling for the is
suance
—
of
margin.
Dist.
Community High
No.
306
(P.
O.
authorized
on
Feb. 15.
at
an
|
J":
;
Iowa \
Offering
\
//-V//.
bids until 10
Gladys
—
the
a.m.
election
Co.,"
the
*
above
Feb.
bonds.
These
due
are
Nov.
4,
next
highest bidder
ton-Waltham Bank
was
v
1947. The
the New-
Trust
&
due
are
L*
1956
to
1961,
1962. ;Bidders to
interest.
ject to
and
$4,000
in
the rate of
name
Bonds will be sold sub¬
the
the bonds
are
election
held
approved at
on
Jan.
27.
Shenandoah, Iowa
j
i
»
City
Offering — L. L. Hunter.
Clerk, will receive sealed
bids until 7:30
p.m.
March
on
the purchase of
equipment bonds.
$11,000
10,
fire
:•;
>
Sioux City Sch. Dist. (P. O.
Sioux City), Iowa
y
Bonds Voted
reported
It
—
that- the
bonds offered for sale
is
|
M
'
officially
$600,000
National
awarded
Bank
the
of
1947.
con¬
struction bonds
were approved
by
wide margin at the election held
on Feb. 17.
-'i,- ^
Madison), Minn. /
/Bond
$10,000
are
on
at
a
I/', /'V;,.
Salem, MaSS. ,V
Note t Sale
The
—
a
>V^ Jf'C
$1,000,000
York,
000
for
1965.
The
Interest
next
pay¬
highest bid¬
Russell &
was
Long, for $99,000 2%s, $53,000 2V2s, and
$48,000
zy<*i at a price of 103.10.
*
LOUISIANA
v
T
Lake Charles), La.
Bopd Election—It is stated by
the
Secretary-Treasurer of the
Police Jury that an election will
be held on March
18, to have the
voters
pass
of
the
on
is¬
proposed
$650,000 drainage
con¬
struction bonds.
"^v
White Castle, La.
Note Sale—An issue of
anticipation notes
sale
awarded
Bank
sale
Feb.
on
856—were
20—v.
awarded
Arnold, of New Orleans,
165,
to
of
as
3s:
.
Due
15,000
drainage system bonds.
Denoms. $1,000 and $500. These
bonds are due from Dec..
1, 1948
to 1977.
The next highest bidder
'the: / Equitable
was
Securities
Corp./ for $40,000 3s, and $40,000
Second
Feb.
National
rate
a
Nov.
on
1.90s,
was
1948
of
Sale
recently,
awarded
to
National
Bank,
Merchants
.
issue
$150,000
1947.
at
Oct.
Sale—The
al
Bank
0.592%,
.
1958
Dated
1967, will be callable on
Feb. 1, 1957.-;
;
O.
St. Cloud, Minn..'
Bond
tem¬
These notes
The
next
are
25,
due Nov.
highest bidder
Haberkorn/ City
Dated
14, 1947.
MASSACHUSETTS
.
idated School
Bond
$150,000
An
—
construction
be submitted
County (P. O. Salem),
District, Iowa
Election
to
Essex
to the
be held
issue
bonds
will
voters at the
on
March
Mass.
'
of
Note Sale—The $900,000 tax an¬
ticipation notes offered for sale
on
Feb. 25—v.
awarded
to
165,
the
p.
1113—were
Gloucester
,rv-
KANSASji
Bend, Kan.
Bond /Election
of
s—
$143,517 storm
tion
bonds
is
The
*' f
issuance
sewer .construe
slated
to
come
up
j
sealed
26
the
for
mortgage
Na¬
bonds
revenue
1961.'*'
These notqs are due Nov. 10, 1947.
An
issue "of
$50,000
industrial
farm
sale
loan
on
notes
also
Feb. 25—v.
offered
165,
p.
for
1113
bids
are
due
until
of
bonds.
$7,000
election
in
held
check
/
6ti »Ffebl4^'>;A
for
'$2,500, 'isr re¬
-
St. Louis,
Thomas
purchase
1947.;r>Th,ese bonds
Park,\Mtnn.i
S.
March
the
$70,000
of
Joseph
the
following
certificates and orders amounting
These
1952
purchase
—
to
to
$110,000, not exceeding 3% in¬
terest:
^
^ '■
$6,000 street improvement
Bond
George
Call
L.
—
It
is
;
Justad,
Village Clerk, will receive Sedled
bids until 8 p.m./on 1 March 3 £ov
Bond Offering
/
;,t
Royal Oak, Mich.
n>,
-
Worsham,; Village Attorney, will
receive
will 1 re¬
$10,000 in '1949 !^oJT959»
$15,000 in 1960/ Approved at
quired.
Newberry, Mich.
Offering
Jan/1,
certified
MICHIGAN
Bond
Bank, of Gloucester, at a
discount of 0.614%, Dated Feb.
25, 1947: *' Denomination $1Q,000.
10
tional
Great
'
>
and
3V2S.
Independent Consol¬
Clerk,
the
Second National Bank, Boston, at
rate of 0.649 %.
/ /.. * :■ 0
/
!
Center
V«:x
Andrew r J.
due
are
the
a
/
—
$125,000 park improvement bonds^
to bear not exceeding 2% interest.
1947.
was
Offering
ceive sealed bids until. AO a.m. on
March
18,/for the purchase
discount
a
Feb.
to
-
$900,000
Boston, at
Co., of Minneapolis,
$210,000 2s, maturing
2J/2s, maturing Feb. 1, $20,000
1958, and $30,000 in 1959 to
1967. Interest payable F-A. Dated
Feb. 1, 1947.
Bonds maturing in
25—v. 165, p. 1113—were
awarded to the Merchants Nation¬
of
was
the Alli¬
in
Feb.
of
by
000
15,
loan notes offered for sale
on
recently
1, $20,000 in 1949 to 1951,
$30,000 in 1952 to 1956; and $290,-
The only other bidder was
National Bank, Boston,
Note
An,
Feb.
rate of 0.60%.
Worcester; County. (P.
Worcester), Mass.
certificates
revenue
follows:
as
First
a
;—
public-utility
son-Williams
the
,
Nov.
and
1957, are callable
$500,000
purchased
a
on
of ;
fund
of
rate of 0.584%. Dated
Feb. 20, 1947. These notes are due
Boston, at
a
Litchfield, Minn.
—
were
Co., of Minneapolis, as
price of par.
Dated
1, 1947. Due $15,000 Feb. 1,
to 1957.
Certificates matur-*
at
Utility Certificates Sold
loan notes offered for sale
porary
&
Feb. 1, 1950.
on
a
State
a
in. 1953 to
ing
12,-1947.
Winthrop, Mass.
The $300,000 tem¬
Note
porary
,
by
Williams
offered
and
Runner-up in the bidding was the
Merchants National Bank, Boston,
offering a rate of 0.61%, plus $1.00
premium.
;
&
$49,000 street bonds.
16,000 sidewalk bonds.
the
26
Boston,v> (at
0.589%.
p.
Weil
to
on/Feb.
.
$500,000
was-
An
syndicate composed of
Co., Juran & Moody,
both of St. Paul, and the Allisonly
S
>>
.
Kalman
the
Bond / Sale —
The/following
bonds aggregating $80,000, offered
for
*1
Weymouth, Mass.
v
?
—
issue of $150,000 electric revenue
certificates was purchased recent¬
21, 1947 and due $500,on Nov.
6, and Dec. 5,
Calcasieu Parish (P. O.
;
a
each
tax
and
awarded to
Co., of New PpVpPj:: Lakefield, Minn.
discount of 0.58%.
Utility Certificates Sold
were
Trust
1947,
000 in
1963,? and-$17,000
at
21,
Dated Feb.
1954, $12,000 in 1955
to 1957, $13,000 in 1958 and
1959;
and $88,000 2V2s, maturing Feb.
1, $13,000 .in ,1960 and 1961, $14,1962 and
Feb.
the rate of
name
Principal and interest
payable at any" suitable bank or
trust company designated by the
purchaser. The approving opinion
of Dorsey, Colman, Barker, Scott
& Barber, of Minneapolis, will be
furnished the purchaser. A $1,000
certified check, •• payable to the
District, must accompany the bid*
of
rate
a
to
are
interest.
the National Shaw-
were
0.723%, and Leavitt & Co., at
rate of 0.765%,
;
;,<
■
on
and
F-A.
bids
1953, and $4,900 in 1954.
on and after July 1, 1951.
Bidders
$500,000 on Nov. 7, and
Nov. 14, 1947. The next highest
Bank,/Boston, at
to
Callable
due
bidders
;
1948
$50,000, $25,000,
$5,000.
These notes
and
on
1964
Sealed
—
for the purchase of
$46,900 refunding bonds. Denom.
$1,000, one for $900. Dated March
1, 1947. Due on July 1; $7,000 in
Dated Feb. 24,
Bankers
able
Offering
District Clerk,
Denoms.
the
in
.ON.eu <r.
uD
will be received until 7:35 p.m. on
March r 10, by M.' A. Anderson,
Merchants
Boston,
discount of 0.72%,
the
to
to
sale
1953
Indep,^'
Parle CopMy.
<%& sch.
;
temporary loan notes offered for
suance
the
approving opinion of
Stipp, Perry, Bannister, Carpen¬
ter
&
Ahlers, of Des Moines.
These
Winchester, Ky.
o/'v..,"-' >
$200,000 sewer
Bond Co., of Louisville,
price of 103.75, a net interest
cost of about 2.07%, as follows:
for $112,000 2V4s, maturing Feb.
1, $5,000 in 1949, $7,000 in 1950,
$9,000 in 1951, and 1952, $10,000
1; 19471
Nov.
1, as
follows: $2,000 in
1948, $5,000 in
1949, $6,000 in 1950 to 1955, $7,000
in
awarded
were
mut
a
in
" '-
;
L<tc Qui
Co.,
Bankers
> ,7
Dated March
bonds
Interest
called.
17,, 'were
purchase of $89,000 construc¬
tion
Louisville.
Sale—The
March 1, for
on
Fidelity Bank &
date
on
revenue
der
Weede, Secretary of the Board of
Education,
will
receive
sealed
.chased recently as
iy4s,„by QuaL
&
Co., of Davenport. These bonds
lield
substantial
a
t
.
•/"':/
;.
election
Fulton), III.
-
recent
a
approved the
$200,000
Memorial
bonds,,by
•;
County
at
Hclstein Independent Sch.'
Dist.,
Bonds Sold—An issue of
$190,; 006 construction bonds was pur-
•
that
voters
of
issuance/
•
Whiteside County
Sch.
the
The
—
states
Hospital
$30,000 street improve
ment bonds.
•
Voted
Bond
road
bid.
Bank, of Boston, at
at
elec¬
an
tion scheduled for March 10.
Bonds
Citizens
Bond
$80,000 construction bonds will be
for
Bonds Purchased
$70,000 *2 V2%
bonds
Indep. Sch. Dist. (P. O.
Treasurer
the
ceases
be
Illinois
that
-
$124,000, are called for payment on
April 1. Said bonds are payable
Garner), Iowa
pur-
Schuyler Coun'y (P. O. Rushville),
has : announced
at
voted
a discount of
0.484%. Dated Feb. 28, 1947. These
awarded to the National Rockland
—
Trust
IOWA
/
■
con¬
The bonds will be ready
Bond
Jan.
1,
be
were
notes
on
—
$1,-
date of sale.
Jan. 1, 1952,
accrued
-Dated
will
These bonds
,
County's 3%% road and bridge
March 1, 1947.
Due
refunding bonds of April 1, 1942,
June and Dec. 1, 1948.Nos.
207
to
330, amounting to
on
sidered.
or on any interest payment
date thereafter in the inverse
order of their
-'
on
Pulaski
21/2%,
Principal and interest
payable
at the
First National
Bank, Crosby. A $500 certified
check,
payable .to the Village
Treasurer,' must/ accompany the
! Waltham, at a rate of 0.535%.
date called.
on
Dated
$5,Q00
election
Act.
V
Denomination
their
Villages
Trust
March
Nicholson, Village
Feb. 11.
on
New Bedford; Mass.
County (P. O.
~
Note
Sale
The
$1,000,000
Somerset), Ky. ,/;?///H/h/
Bond Call
W. L. Knuckles, temporary loan notes offered for
sale on Feb. 24—v. 165, p. 1113—
Jr., State Local Finance Officer,
terest
numbers, on any interest paydate, as provided by Ark,V tide 36, Chapter 24 of the
Cities
&
L.
purchase of $20,equipment bonds. In¬
street
inclusive.
loan notes offered for sale
Feb. 25—v. 165, p. 11.13—were
000 poor
ment
Revised
Bank
> -
payable A-O. Denomination $1,000. Dated April 1, 1947. Due $2,000 from April 1, 1949 to
1958,
porary
Co., Chicago. Denom. $500. Inter¬
$4,000
July 1,
:5
1965 and 1966, and
$4,000 on
■PP: Jan. 1, 1967. Callable for pay-
1,
National
H.
terest rate is not to exceed
/
est ceases
$2,000 Jan. and $3,000 on July
1, 1952 to 1959, $3,000 Jan.
and July 1, 1960 to
1964, $3,-
>V-
Illinois
■
Clerk, for the
000
Note
10, by Lonnie J. Thomas, County
No
light plant
April
on
called for payment
at the Continental
are
by
II,
East Cambridge), Mass.
Sale—The $600,000 tem¬
;
,
Bond Offering—Sealed bids will
'
■/
.
Middlesex
scheduled for April l,»..
be received until 8 p.m. on
of
Bank
will
at an
"
Payable
National
bonds
Crosby, Minn.
Gray, Best,
inspected.
First
issuance of
construction
submitted to the voters
be
Coolidge & Rugg, and all legal
papers incident to this issue will
be filed with said bank, where
they
District (P. 0.
Minn.
Bond Election—The
genuineness and validity by The
First
National Bank of Boston,
under advice of Ropes,
School
Brainerd),
$100,000
Auditor, for the purchase of $10,r
totaling $119,000, offered for sale payable J-D, Rate to be in mul¬
jrecently, were awarded to Rein- tiples of y4 of 1% and not more
Jholdt & Gardner, of St, .Louis, than one rate shall be
named by
at
$3,500,
>.
Bond Offering—Sealed bids will
.
be received until 10
Red Bud,
following
Indiana
on
MINNESOTA
Due on Nov. 7, 1947. The
notes will be authenticated as to
,
St.
ceases
called.
Brainerd
5, 1947.
—
of
Interest
payment.
date
Dated March
$25,000 and $10,000.
bonds
Crummer
Co.,
improvement
-
"Trauernicht,
*
delivered
'
Detroit Trust Co., Detroit
the
for
/ //
Due Oct
Said bonds should be
County Treasurer, until noon on
for the purchase of $500,000 tax anticipation notes at dis¬
count.;
Denominations
$50,000,
Indianapolis School City, Ind. / awarded to the
Note
Sale—The
$600,000 tem¬ Inc., of Wichita, at a price of
Bonds Purchased—An issue of
porary loan notes offered for sale 100.054—v. 165, p. 856—were sold
$275,000 construction bonds was
on
Feb. 25—v. 165, p. 112—were as follows: $10,000 maturing $2,purchased recently by Quail &
purchased by a syndicate com¬ 000 Feb. 1, 1948 to 1952, as lV2s,
Co., of Davenport; at a price of
posed of the Union Trust Co., and $15,000 maturing $3,000 Feb.
par,
as
follows:
$51,000
l%s, Fletcher Trust
Co., Indiana Trust 1, 1953 to 1956, as l%s.
imaturing Dec. 1, $3,000 in 1947
Co., American National Bank, In¬
1949, $5,000 in 1950 and 1951,
KENTUCKY
diana
National
Bank,
and
the
and $16,000 in 1952 and 1953: and
Merchants National Bank, all of
Letcher County (P.O. /.v./ /
$205,000 2s, maturing Dec. 1, $17,Indianapolis, at a rate of 0.75%.
Whitesburg), Ky.
•/:
<000 in
1954 to
1956, $18,000 in Dated March
1, 1947. These notes
Bond Call
W. L. Knuckles,
1957 to 1959, $19,000 in 1960 and
are due June
30, 1947. No other Jr., State Local Finance Officer,
1961, $20,000 in 1965. Dated Oct.
bid was received, according to the
has
announced
that
the
above
I, 1946. Denom. $1,000. Principal
Business Director of the Board of
County's 4V2% refunding bonds
and interest payable at the First
School Commissioners,
v
:
■
of April, 1940, Nos.' 259, 277, 286,
National
Bank,
Pinckneyville.
Pike County (P. O. Petersburg), ; 287, 288, 289 and 303, amounting
Legality approved by Charles &
■
Sept. 15, 1944.
1974.
I,
to
Senecal,
P.
Leo
by
are
March 5,
The $25,-
—
received
be
$20,000,
accrued interest!//
par and
Dated
1948.
Hampden County (P. O. Spring¬
field), Mass.
Note Offering—Sealed bids will
price of 100.054, a net interest
at a
Indiana
chase bonds has been purchased
subject to the election on March
3, by G. H. Walker & Co., of St.
Louis, and Associates, at a net in¬
terest
the Crummer
INDIANA
of
of
called for payment on April
1, at
.
Olncy Township High Sch. Dist.
No. 76 (P. O. Olney) III.
.
amount
the
to
>
National Bank/of Salem,
*.
stated
by
Nampa, Director of
Finance, that the city's 1944 re¬
funding bonds, Nos. 1974 to 1993,
.
bonds.
1, 1947.
Due
-T;'. $2,000/March 1, 1948 to 1950.
104,000 certificates of indebtedness.' Dated March 15, 1947*
Dated
,
March
;
Due
March
15,
as
follows.
THE COMMERCIAL & FINANCIAL CHRONICLE
165 " Number 4573
Volume
$10,000 in: 1949 ,to 1958, and
t
,V:, ;.$4,000
works; revenue
bonds! Bpe June 1, as follows:
A
i Denomination $1,000. The Vil¬
lage will furnish the opinion of
Coleman, Barker, Scott
of Minneapolis. ^
'
Dorsey,
$25,OOOx. water
:
in 1959.>^;.:^
,r.
;
i
& Barber,
Independent Sch. Dist.
Shakopee
in 1970, $1,000 in 1971, and
$1,500 in 1972.";w
25,000 water works bonds. Due
-
.
1, Minn.
No.
f Bond Sale—The $294,000 build¬
offered for sale on Feb.
21—v. 165, p. 986—were awarded
to a syndicate
composed of the
Northwestern .National
Bank,
Piper, Jaffray & Hopwood, Alli¬
son-Williams Co., J. M. Dain &
Co., all of Minneapolis, and Kalman & Co., of St. Paul,, as 1.80s,
.at a price of 100.301, a basis of
*
-
;
:
1, as follows: $1,000 in
1951, $1,500 in 1952, $1,000 in
1953 to 1963, $1,500 in 1964,
$1,000 in 1965, $1,500 in 1966,
$1,000 in 1967, $1,500 in 1968,
Dated March 1,
J947. Denomination $1,000. These
.bonds are due march 1, in 1950
to 1966.
The next highest bidder
was the syndicate headed by the
Pirst National Bank, St. Paul, for
1.77%.
June
for sale
to
1947.
Denom.
Principal and interest pay¬
$500.
able at Iuka
Bidders to
1,
Feb.
on
25,
were
Wachob-Bender
the
Omaha;
awarded
Corp., of
the rate of inter¬
—
857—were
p.
v':''
v""
'
awarded
to
Point
Lyell,
.
.
_
.
•
-
approving opinion bf Rogers
Sim, of Point Pleasant Beady,
&
that the bonds
valid and gen¬
are
eral obligations of the Mayor ancfc
Council,
will
furnished the
A
certified
be
bidder.;
successful
check for 2% of the bonds bid for*
payable
Borough,
the
to
on
the
pur-
before 60 days
-from
be
or
made
to
ordinance calling for
of
Louisville, Miss. Offering—H. C. Earhart,
Clerk,
that at the
on
on
Watchung School District (P. Ol''
R. D. 2, Plainfield), N. J.
Bond
Offering—Frank J. Mill-"
District
er,
sealed bids
March
on
enue
coupon
an
"election scheduled for March 4.
Louis.
interest.
bonds
to
1948
due $4,000
are
in
of
1%.
of interest to
Rate
1977.
be
multiple of Vs
Principal and
a
^proposed issuance of
nicipal
natural
gas
line' construction
ippcitx
at the Plainfield
Plainfield.
The
approving opinion of Vandewater;
Sykes & Heckler, of New York,
payable
(J-J)
National
the
that
Bank,
bonds
valid and le¬
are
gally binding general obligationsof the Board of Education, will be
furnished the successful bidder. A
check
certified
Offering—L.
h
purchase
jof
(
March
$10,000
•
Bond
system
bonds.,.
-
fv,
.
i
Bond
W. R. Nettles,
receive sealed
*
,
k.'
•
the
reoffered
above bonds for public sub¬
bidders
successful
scription at prices to yield from
0.75% to 1.70% for the maturities
ranging from 1949 to 1972,
priced at from 100 for the
maturity down to 98 for the
maturity. ♦.
,
,
Bids
Other
was
an
—
<
YORK
Central Hanover Bank & Trust Co.,
New
Portfolio
the
offering
awarded
Second best bid
To
as
Awarded
19,
Feb.
on
—
At
the >53
and municipal bonds'
$3,247,000
were
follows:
Scott,
offer of 101.1499 for 1%%
York
Bonds
and
1973 lots of State
1982 aggregating
,
.
Horner & Mason, of
bonds,
headed by the
->
*
—
In
con¬
call on Feb,. 19,
funding warrants, it is
at
warrants
: ,r
—
(P. O. Millburn), N. J.
held
V;/;/
on
bonds totaling
The
the
Voted—At
Feb.
10,
the
election
following
$350,000, were ap¬
proved by the voters, which gave
each proposal heavy margin" of
Council has passed an or¬
dinance authorizing the issuance
victory : $140,000 Glenwood
of $75,000
School
Mountain School
City
refunding gas revenue
'
bonds.
!
<
7 i :
;
construction;
$118,000.; f S o u t h
construction, and
$92,000 athletic field
/
••••
i
.
j
i
*
Bond Award Given
'
,
Reluctantly
bonds."
,
To the
Robinson-Humphrey Co.,
of Atlanta:
.^
..'r
—120.23 :
To the First Boston Corp.:
:
Lot No. 4
——.^._129.20
pressed by these bids," according Lot No. 11
149.51!
to Robert C. Hendrickson, State
1
No.
Lot
syndicate offered a
The Morgan
No.
Lot
Treasurer.
Lot
No.
Lot
No.
12_.r^a——-102.09
128.80 O
21
133.67;
13
for bonds
To F. S. Moseley & Co., of New
of l3/4%, the high¬
,York:
est of five bids submitted, .v; ;: •
Lot No. 6
111.08
The State had hoped for an in¬
To the Northern Trust Co., of
terest rate of no more than Wz%,
Mr.
Hendrickson stated, but he Chicago:
premium
with
a
of
$191,985
coupon
-
Mittburn Township Sch. Dist.
Bonds
—
Lee, N. J. «>' •:
Purchased
purchased
$36,075
78.66. y-Tli •/,
-
■!.: ■/
Passed
Ordinance
Fort
bonds.
also for 1% %
deferred for sev¬
eral hours acceptance of the high
bid because they were not "im¬
is
Hastings, Neb.
-bids until
April 1, for the follow¬
ing bonds amounting to $50,000:
;4v 1
:
NEW
>
Bonds Offered for Investment—
—State officials
Josiah M. Hewitt; Treas¬
urer of the Board of Liquidation
for the Borough, that the Board
Contemplated—
V NEBRASKA
Tishomingo, Miss.'
Clerk, will
'
The
stated by
IK'mj
-
•
of interest
being considered for April 7,. on
the issuance of $110,000 sewage
par value of the bonds,
Payable to the County, is required.
—
required.
,
u-
nection with the
Land
reported that an election
It is
'^f A of 1%. A certified check for
of the
Bond Offering
>. i
Election
-n
Warrants
Harlem, Mont.
multiple
a
■:
awarded
highest bidder was the State
Commission.
- r '07
'
ture.
of St. Paul, and
Associates.
Dated July 1,
1947.
Denomination
$1,000.
The next
-1967. Bidders to name
rate of Interest in
Bond Sale—The
21—v. 165, p. 586—were
bonds: 1 These^bonds are
'due $206 in» 1948 to
1952, and $600
IS 1953
the
in de¬
in default on
reports that these bonds will
be offered for sale in the near fu¬
to Kalman & Co.,
Shelton/
will
receive
-school
city is
He
$825,000 build¬
ing bonds offered for sale on Feb.
B.
Chancery, j Clerk,
;sealed bids until
10/a.m. on
4, for the
of
—
Ripley), Miss.
Bond
The
>
the
;,
$2,400, pay¬
Education*
for
Board
-
Deer,: Lodge County Sch) Dist,. jNo.
10 (P. O. Anaconda), Mont,
bonds.
Dist.
is
the
to
-
MONTANA
^County, Chaly-Beate SpeConsolidaed Sch.
able
.
'
$450,000 mu¬
transmission
revenue
1/2Q>
interest
or
—
-sin election is scheduled for March
on
Jan. 1,
These
from Jan. 1,
Dated
Denomination $1,000.
1947.
-
~
Bond Election—It is stated that
11, to have the voters pass
regis¬
or
,
bonds
ly by George K. Baum & Co., Inc.,
of Kansas City. < Dated Nov. 1,
1946.
L e g a 1 i t y • approved
by
Charles ' & / Trauernicht,
of St.
Bond Election—The issuance of
^$100,000 county hospital bonds will
'';
fault.
issue of $100,-
semi-annual water rev¬
was purchased recent¬
000 2V2%
(EST),'
p.m.
bonds, to bear not exceed¬
3%
ing
8
6, for the purchase of
$120,000 school
tered
receive-
will
Clerk,
until
Lynchburg, and the Peoples Na¬
submitted by a* syndicate
^ Charlottesville^
Bankers Trust Co. tional Bankf
$1,322,123.44 of principal and $1,- of New York, Smith, Barney & jointly:
[' ' ] '
- *
/
.
"
246,978.74 of interest.
Co., and the Harris Trust & Sav¬ Lot No. 2
132.76F
ings Bank of Chicago. Third high Lot No. 3—-117.281!.
East Rutherford, N.J.
was
a group
headed by the Na¬ Lot No. 5—.....
105.77J
Bonds Voted—It is stated by the tional
City Bank, the Chase Na¬ Lot No. 17
114.611,
Secretary of the Board of Educa¬ tional Bank, and the First Nation¬
Lot No. 38
124.661
tion that at a recent election the al Bank, all of New York, with
Lot No. 39
141.391
voters approved the issuance of a bid of 100.889 for
l3/4s.;;. The Lot No. 41
126.74
$35,000 athletic field improvement Lehman Bros, syndicate followed Lot No. 44—.—.—142.371.
bonds.
\
V
k
'
this bid with its offer of 100.669, Lot No. 49
142.481
and interest due on bonds
Sullivan, Mo.
ville), Miss.
Oxford, Miss.
report
cial
regular election to be
Bonds Sold—An
Oktibbeha County (P. O. Stark-
Town
T
March 7, the voters
Dec.
10, 1946.
submitted to the voters at
-vi..-
;
will
be called upon to pass on the is¬ 31, 1946, the City of Brigantine is
suance of $10,000,000 school con¬
the only municipality in New Jer¬
struction bonds.
sey reported as having principal
held
will
-voted at the election held
_
:
reported
is
Election—It
Bond
receive sealed
rbids until 7:30 p.m. on March 11,
-dor the purchase of $30,000 school
/building bonds. These bonds were
A
(P. O.
'
Reported in Default—In
on the-current finan¬
position of counties and mu¬
nicipalities of New Jersey, Walter
R.
Darby, Director of Taxation
and Finance,
Division of Local
Government, states that, as of Dec.
his
Sch. Dist.
St, Louis), Mo.
Bond
I
Brigantine, N. J.
Bonds
by the voters last November.
St. Louis
fully
for
exchangeable
tions,
JERSEY
re¬
registered bonds.
$100,000
squired.
be
NEW
the issuance
water works bonds,
part of the $250,000 issue approved
»,date of sale, in Pascagoula, with¬
out cost to the purchaser. A cer¬
tified check for $320, payable to
tthe Board of Supervisors, is re-
tCity
an
is
quired.
—
will
"
4 r
,
al Bank of Point Pleasant Beach..
—
{bonds
V
The
■■
»chaser
V
.
Borough Clerk, will receive
(EST),
on
March 6, for the purchase of
$22,000 series A, Capital Improve¬
ment, coupon or registered bonds*
to bear not exceeding 2% inter¬
est.
Dated March
1, 1947.
De¬
nomination. $1,000/ These bonds*
are due March
1, as follows: $5,000 in 1948 to 1951, and $2,000 in
1952. Principal and interest pay¬
able at the Ocean County Nation¬
.
,
passed
v:
" "
1
sealed bids until 7:30 p.m.
t
,
•'*'
' '
Bond Offering—William I. Cur-
by J. P. Morgan &
Co., Inc., of New York, Drexel &
Co., of Philadelphia, Shields &
Co., of New York, and consisting
of Glore, Forgan & Co., of New
Bonds to be
Garland
'
Pleasant, N. J.
ran,
dicate headed
validated by G.
38,000 water extension bonds, as
31/4S, at a price of 100.50.
State's Bond At¬
20,000 aviation field bonds, as York, Fidelity Union Trust Co., of
torney and the Chancery Court of
Newark, Bear, Stearns & Co., Bo>
23/4s, at a price of par.
:$194,000 as l3As, and $100,000 as Tishomingo County. A certified
land, Saffin & Co., Coffin & Burr,
check for 2 % of the amount bid,
The next highest bidder was
:2s, at a price of 100.50.
all / of
New
York, f. Schoellkopf,
is required..'
Greenway & Co., for $20,000 3V4S,
v ,
Hutton & Pomeroy,
MISSISSIPPI
of Buffalo,
at a price of 100.375, for $38,000
Union Separate Sch. Dist.
Hornblower & Weeks, Laidlaw &
(P. O.
Gulf port, Miss.
3%s, at a price of 101.052, for $20,Union), Miss.
Co., Bramhall, Barbour & Co., A..
Bond Sale Details—The $300,000
Bonds .Voted—The issuance of 000, 2%s, at a price of par.
G. Becker & Co., all of New York,
(bonds awarded to the
Hancock
Otis & Co., of New York, Trust
$100,000 building bonds is said to
NEVADA
Dank, of Gulfport, at a net in¬ have been approved by the voters
Co., of Georgia, of Atlanta, Com¬
terest cost:of 2.16%—v.
165, p. at a recent election.
Clark County Sch. Dists. (P. O.
merce
Union Bank, of Nashville,
1113—were sold at a price of par,
Las Vegas), Nev.
C. F. Childs & Co., of Chicago,
follows:
*as
$235,000
maturing
Bond
Sale
Cancelled — The Wm. E. Pollock & Co., Lodbell &
MISSOURI
.March X, $24,000 in 1948 to 1952,
award last July of $1,500,000 bonds Co., J. G. White & Co., all of New
Fayette, Mp.
.$lT;06jCt itf ,1953 to 1957, $12,000 in
to a syndicate headed by the Bank York, Yarnall & Co., of Philadel¬
Bond Election—The issuance of
.1958 to 1962, as 2s, and $65,000
of America National Trust & Sav¬ phia, .William
Blair & Co., of
the following bonds totaling $40,miaturing $13,000 from March 1,
ings Association, of San Francisco, Chicago, Gregory & Son, Donald
000, will be submitted to the vot¬
1963 to 1967, as 2V4S. Interest pay¬
as 1.95s—vr 164, p.' 472—was not
MacKinnon & Co., Minsch, Monell
able :M-S, All of said bonds will ers at an election on March 4:
consummated, as the syndicate, on & Co., all of New York, Schmidt,
jbear an additional % % interest $20,0Q0 airport, and $20,000 park
advice of counsel, withdrew its Poole & Co., of Philadelphia, Rand
improvement bonds.
!.!
from the date of issue to March
bid. It is expected that the Coun¬ & Co., of New York, J. C. Brad¬
i, 1948.
;
Iron County, Ironton Consolidated ty will reoffer the bonds again ford & Co., of Nashville, Hirsch
Sch. Dist. No. 3 (P.
some time this year. The total in¬
& Co., of New York, National City
;
Jackson County, Van Cleave Con;
cludes $950,006 County Education¬ Bank of Cleveland, Seasongood &
Ironton), Mo,"
solidated Sch. ■■ Dist. (?, O, \
Bond Sale—The $58,000 school al District No. 2 bonds, and $550,- Mayer, of Cincinnati, Vostal, Hall
\ Pascagoula), Miss. % Bond
Offering — Fred Taylor, bonds offered for sale on Feb. 20, 000 Las Vegas Grammar School & Co., of New York, and Blewer,
were awarded to the Iron County
Heitner & Glynn, of St. Louis, as
District No. 12 bonds.
'Clerk of the Board of Supervisors,
13/4s, at a price of 101.2799, a basis
will receive sealed bids until 2 Security Bank, of Ironton, and the
Arcadia Valley Bank, of Arcadia,
NEW HAMPSHIRE
of about 1.661%:
i
i
A>.m. on March 3, for the purchase
<of $16,000
school bonds.Dated jointly, as 2s, at a price of par.
$7,400,000 series E, Act of 1930,
Nashua, N. H.
„t
The next
JVlarch 1, 1947. Denomination $1,- Interest payable M-S.
highway improvement bonds.
Note Sale
The $200,000 tem¬
Dated Jan. 1, 1947. Due Jan.
(000. These bonds are due $1,000 highest bidder was the Commerce
Trust Co., Kansas City, for $55,- porary loan notes offered for sale
from March 1, 1948 to 1963. Bid¬
1, from 1949 to 1982, incl.
000 2s, and $3,000 l3/4s, at a price on Feb. 25, were awarded to the
ders to name the rate of interest.
7,600,000 series A, Act of 1946,
of par. Additional printing costs Nashua Trust Co., at a discount of
emergency
housing
bonds.
Principal and interest payable at
Dated
Feb.
25,
1947.
and fiscal agents fees entailed in 0.645%.
Dated Jan. 1, 1947. Due Jan.
ithe Guaranty Trust Co., of New
Denoms.
$25,000
and
$10,000.
latter bid would more than offset
"York City. The District will fur¬
1, from 1949 to 1962, incl.
These notes are due Dec. 2, 1947.
bish the legal opinion of Charles the lower net interest cost.
Interest payable J-J. Prin. and
The
next
highest
bidder
was
Trauernicht, of St. Louis, and
Poplar Bluff, Mo.
Salomon Bros. & Hutzler, at a int. payable at the First-Mechan¬
*pay for the printing and valida¬
ics
National
Bank
of Trenton.
Bonds
Authorized
The
City rate of 0.67%.
tion of the bonds.
Delivery of
Coupon bonds in $1,000 denomina¬
Council is said to have
est.
'
' 'i 1
•',l',
'
!"•
syn¬
a
in railroad taxes.
creases
Sale
The 1 following
aggregating $15,000,000, of¬
fered for sale on Feb. 25—v. 165,
Bond
bonds
$20,000 water extension bonds, as
3y4s, at a price of 100.50.
Guaranty Bank, Iuka.
name
payments
ft-*...
4s reported that
Bond Sale—The following bonds
amounting to $78,000 and offered
$1,000 in 1969, $1,500 in 1970,
$1,000 in 1971, and $1,500 in
Dated
tion of about $4,500,000 of interest
N.J (P. O.
Moorestown), N.
—
June
!
ing bonds
.about
Bonds Sold—It
in 1968, $1,000 in 1969, $1,500
;;
Moorestown Fire DiJ.
•
,:^ FHley), Neb.
on
delinquent second
Bond Sale Details—The Secre¬ Class railroad property taxes. The
tary of the Board of Fire Com¬ money will go to municipalities in
$12,000 building bonds were pur¬
chased
recently ' by the Filley missioners reports now that the which such property is located
$7,000 2% fire truck and equip¬ Jersey City will "get the lion's
Bank; as 2s. ."v
ment bonds sold to the Burlington share, $2,359,144.
' ;
Scotts Bluff County Sch. Dist7
County Trust Co.,' of Moorestown
Mr. Driscoll said he hoped the
No. 81 (P. O. Gering), Neb.
—v.
165, p. 986—were purchased money would be used primarily
Bond
Election
An
issue of by the said bank at par, and ma¬
for basic education needs, refer*$20,000 construction bonds will be ture on Dec. 15, as follows: $1,ring particularly to a $2,400, mini^
submitted to the voters at the 000 in 1948, and $3,000 in 1949 and
mum
salary for school teachers.
election to be held on March 10. 1950.
Interest payable J-D.
Any balance, he said, should bo¬
used
to
reduce
anticipated in¬
New Jersey (State of)
-X''"
Valentine, Neb.
y'-r ■
$1,500 in 1952,
Id 1963, $1,500
in 1965, $i,5Q0
in 1967, $1,50(3
$1,000 in 19^1,
$1,000 in 1953
in 1964, $1,000
in. 1966, $1,000
Filley Sch. Dist. (P.O.
r
^
1241
.
conceded that a
of
forthcoming
$200,000,000 issue
Michigan bonus
an adverse effect
Jersey's position.
Lot
No.
Lot
No.
bonds had had
on
New
State Distributes Rail Tax
to Local
from
Fund
-reported
Alfred, E.
distribu-
Trentpp on Feb. 25
follows* — Governor,
Driscoll today ordered
Lot
w
a''
h-tii»-•'
v~
<.
No.
To
New
8
Struthers & Co., of
-V' !>
--———107.20
& Co., of
Graham, Parsons
York:
Lot No.
•
t
Wood,
To
New York:
Units—A news dispatch
as
7—103.1 £
——103.55»
43—,
,
;.
:
157 27
9
J-
!!;.'■*
THE COMMERCIAL & FINANCIAL
1242
& Co., of
To Bacon, Stevenson
Hew York:
,-102.445
Lot No. '24-.,—,,———-101.524
Lot No. 25,
--—-110.991
Lot No.
.
Fidelity Union Trust Co.,
both of New¬
To the
J. S. Rippel & Co.,
I
.«
ark, and Campbell, Phelps & Co.,
of New York, jointly:
%:
.
<}h
Lot No. 28—
Smith,
To
Caldwell County (P. O.
of
North Carolina
Co.,
&
Barney
New York:
•<(A
Lot No.
¥
.1 L
.103.224
—106.40
Lot
No.
16
Lot
No,
23—--—,108.135
40-——--—-112.297
Lot No. 42
105.366
Lot No. 46——————103.114
Lot No. 53———107.449
Lot No.
Chi¬
To John Nuveen & Co., of
cago:
Lot No. 18
,-129.219
—
To Shields & Co.,
of New York,
of
and the Commerce Union Bank,
Nashville, jointly:
Lot No.
113.23
111.04
19
Lot
27
No.
To
J, Van Ingen & Co., of
B.
New York:
fit
■
Tfo
•nr-iT-
Lenoir),
$300,000 school
building bonds offered for sale on
165, p. 1114 — were
syndicate composed
of R. S, Dickson & Co., of Char¬
Feb.
25—v.
awarded to
a
a
net interest cost of 2.1437%.
jointly:
144.775
No. 29—
Lot
Tp the First National Bank, of
;
Chicago:
-—103.058
Lot No. 30
A
No.
31
Lot No.
126.02
32
Lot
5
-i
To F. W. Craigie & Co., of Rich¬
Lot
Ira
Haupt &
Co.,
York:
ft:
nj'
Lot No. 34-
U0.712
-
Co., of Wilson:
To
fllvi
T
IK:
fi:
Sale—The
Bond
to be
payable July 1, 1950, the re¬
Goldman,
an
No.
105.34
36
fat-
t'Vf':
Lot
■5ifi
No.
To
Vostal, Hall & Co., and LobCo., both of New York,
jointly:
dell
ill
&
Lot
No.
—115.76
50—
To the National City Bank,
Lot No. 51
i
To
110.427
—
Wm.
Pollock
E.
&
Co., of
New York:
1
i-;i
———-119.10
Glen Cove, Af.
M-S.
—
v.
165,
p.
Y.
1114
/
—
were
awarded to the South Shore Trust
Co., of Rockville Centre, as 1.10s,
at a price of 100.01, a basis of
about
0.995%.
Dated March 1,
1947.
Denoms. $1,000 and $500.
These bonds are due March 1, in
'
1948
through 1952. The next high¬
est bidder
for
was
1.20s, at
a
R. D. White & Co
price of 100.111.
Bond
•
New
York
Bond Sale—The following bonds
on
Feb. 21—v.
165,
p.
987—were
awarded to the Lincoln National
Bank & Trust CoM of
Syracuse.
$12,000 building bonds,
Due
$800
from
to 1962.
Jan.
&
as
1,
2.40s.
1948
at
election
an
25:
Channel
scheduled
$650,000
,
•*"
City Sch. Dist., Ohio
Offering—W.
V.'
<
Drake,
so
said bonds in negotiable form
accompanied by all Oct. l
1947, and subsequent coupons
the Guaranty Trust
Co.;
New York City. Coupons maturing ApriM, 1947, and prior
at
:
-
will
be paid upon presenta¬
tion and surrender.
River
Black
construction
for
and
im¬
provement; $500,000 War Memori¬
al; $250,000 Central Police and
Fire Stations, and $100,000 swim¬
ming pool bonds.
date called.
cease on
Prairie Local Sch. Dist. (P. O.
¬
Columbus), Ohio,
Bond Sale Details—The $231,000
building bonds awarded to J, A.
White & Co., of Cincinnati—v.
165,
p. 987—were sold as 2s, at a price
of 102.112, a basis of abdut 1.80%.
Interest payable. J-D.
1, 1947. These bonds
and Dec.
Dated Jan.
are
due June
1,1948 to 1971, inclusive.
Sherrodsville, Ohio ;
Lynchburg Local Sch. Diet.,, Ohio
Bond Sale Details—The $5,000
Bond Sale—The $107,500 school
municipal building and fire truck
bonds: offered for sale
Feb. 24
on
■v.
bonds awarded
Feb. 7, to the
of Scio—v. 165,
p. 987—were sold as 3s, at a price
of 102.00, a basis of about 2.637%,
The
next
highest
bidder was
Cummings Bank Co., Carrollton,
for 3s, at a price of par.
Scio
Bank
;
on
Co.,
The Plains Local Sch.
Bond -Offering—C.
Dist., Ohio
McCul-
J.
lough, Clerk of the Board of Edu¬
cation, will receive sealed bids
Maumee, Ohio
until noon on March 15, for the
Bond Offering—O. E. Charles,
purchase of $21,000 3% building
City Clerk, will receive sealed bonds. Dated Jan.
1, 1947. De¬
bids until noon on March 17, for
nomination $1,000.
These bonds
the purchase of $132,000 2 % water
are due Dec. 1, as follows: $2,000
main bonds. Dated April 1, 1947.
in
1948 to 1956, and
$3,000 in
Denomination $1,000. These bonds
1957. Bidders may bid for a dif¬
are due, Oct. 1, as follows: $4,000
ferent rate of interest in a muK
in 1948
to
1965, and $5,000 in tiple of V4 of 1%, A certified check
1966 to 1977. Bidders may bid for
for $210,000, payable to the Board
V
a
different rate of interest in mul¬
■
.
Wallace, N. C.
Sale—The
$82,000 water,
and street im¬
provement bonds offered for sale
on Feb. 25—v. 165, p. 1114—were
awarded to Fox, Reusch & Co.,
and Browning & Co., both of Cin¬
sewer
jointly,
at
a
price
certified
check
for
2%
the
of
amount bid is required.
;
Concord Local Sch. Dist. (P. O.
Rt. 2, Winchester), Ohio
of
100.009, a net interest cost basis
Bond Offering—Ralph Walker,
2.885%, as follows: for $57,Clerk of the Board of Education,
000 maturing Feb.
1, $2,000 in
will receive sealed bids until noon
1950 to 1960, $3,000 in 1961, and
on March 5, for the purchase of
1962, $4,000 in 1963, $5,000 in
1964 to 1968, as 3s, and $25,000 $10,000 construction bonds. Dated
Feb. 15, 1947. Denomination $1,maturing $5,000 from Feb. 1, 1969
These bonds are due $1,000
to 1973, as 2%s, Interest payable 000.
F-A. Dated Feb. 1,1947. Denomi¬ Dec. 15,1948 to 1957, Bidders n\ay
nation $1,000. The next highest bid for a different rate of interest
bidder was R. S. Dickson & Co.; in multple of y4 of 1%. Principal
Vance Securities Corp., Greens¬ and interest ^payable at the Farm¬
ers
& Traders
National; Bank,
boro, J. Lee Peeler & Co., and
Branch Banking & Trust Co., Wil¬ Hillsboro. These bonds were au¬
thorized
for $67,000 3V4s, and $15,000
3s, at a price of par, a net in¬
NORTH DAKOTA
#
i.1
check for 1%
600 road construction bonds
Bonds
car-
'
on
of the amount bid
Authorized
—
The
City
Bond
Offering—I.
and. oral bids until
These bonds
noon on
March
due
are
$400 March
and Sept. 1, 1948 to 1952s Bidders
may bid for a different rate of
interest in
a
A certified
multiple of 34 of 1%.
check for $100, pay-r
able to the Village Treasurer, is
required. These bonds were orig¬
inally offered for sale on Feb. 11,
but all bids received were re-
i
Ohio State Bridge Commission, *
i •/.
Ohio • ^ AA
Bond Call—Ray Palmer, Secre¬
tary-Treasurer of the State Bridge
Commission, has announced that
the following bridge revenue re¬
funding bonds are called for pay¬
ment
on
April 1:
V;
in
1948
These
to
1970, inclusive.
bonds
were
sold
as
2s,
price of 101.183, a basis of
about
1.89 %.
Interest; payable
at
a
M-N.
'
y.
•'
Vermilion-On-The-Lake, Ohio
Bond
kinson,
ceive
Hos-
Offering —Patricia
Village
sealed
Clerk,
bids
until
will
noon
re¬
on
of $4,000 3%
fire department bonds.
Dated March 1, 1947. Denomina¬
tion $400. These bonds are due
March 6, for the purchase
$400 Oct. 1, 1948 tp 1957.'Bidders
may bid for a different j^ate of in¬
terest in a multiple' of Vi ot !%•
These
bonds
were
authorized at
the election held on.Dqe,
10,1941).
A certified check for
to the
$4<J, payable
Village/ is required,
j i:
)
Vienna Township Local Sch. Dist*
(P. O. Brookfield), Ohio Bond
Offering—Ralph
Bcott,
$115,000 13A%, Steubenville-Weir- Clerk of the Board of Education,
ton bridge bonds. Dated Sept. will Teceiye sealed hlds until noon
:1, 1940.' Due Oct. 1, 1950, and on March 15, for .the -purchase of
redeemable
Payment
amount
for a $15,000
street resurfacing bond issue.
Weldon.
11, for the purchase of $4,000 2%
fire
equipment
bonds.
Dated
March 1, 1947. Denomination $400.
ordinance
calling
E.
Village Clerk, will receive sealed
Council Is said to have passed an
i
-
held
Dover, Ohio
ried at/the election held on Jan.
•
election
payable to the Board of Education
is required.
\
Bonds Voted—An issue of $5,-
V
the
10,
1946.
The
approving
opinion of Peck, Shaffer & Wil¬
liams, of Cincinnati, will be fur¬
nished the purchaser. A certified
Brandenburg Township (P. 0.
Great Bend), W Dak.
21.
at
Dec.
terest cost of about 3.185%.
totaling $17,000, offered for sale
ers
bonds
called for
redemptjon, will be made on or after
April 1, 1947, on surrender of
Frank,
City Auditor, states that the fol¬
lowing bonds aggregating $1,500,000, will be submitted to the vot¬
:/i
;
called.
Bond
R.
sur-
of Education, is required.
Clerk-Treasurer of the Board of
'
tiples of V4 of 1%. Principal and
Education, will receive sealed bids
interest
(A-O) payable at the
v.,';' Tiffin,' Ohio
until noon (EST) on March 18,
State Savings Bank Co., Maumee.
Bonds
Authorized — The
City
for the purchase of $1,200,000 2%
These bonds were voted at the Council is said to have authorized
school coupon bonds. Dated April
election held on Nov. 5, 1946. A the issuance of $70,000 swimming
1,
1947.
Denomination
$1,000.
certified check fot 1% of the par pool bonds, voted at. the 1944 No¬
These bonds are due $60,000 April
value of the bonds, payable to the vember general election.
^
1, 1949 to 1968. Bidders may bid
'
;
r >
for a different rate of interest in Village, is required.
Tuscarawas Local Sch. Dist. (P. O.
a multiple of y4 of 1%.
McKean School District (P. O. •
Principal
Coshocton), Ohio
and interest payable at the Chase
Bond Sale—The $90,000 build¬
Newark), Ohio -■ '
National Bank, New York.
Bond
Election t-An issue of ing bonds offered for sale on Feb.
Le¬
gality to be approved by bidder's $15,000 building bonds will be 18—v. 165, p. 858—were awarded
attorney
at .bidder's
to the voters at the to John B. Joyce & Co., of Co¬
expense. submitted
Award of the bonds shall be made election to be held on March 18.
lumbus, according to the Clerk of
at a regular meeting of the Board
the Board of Education.
Dated
Millersport, Ohio
'
at 4:30 p.m., of the same day. A
March 1, 1947. Due on Nov. 1,
son,
Salina, Lyncourt Fire District,
«-v
Bank
.
Columbus
of
Bond Sale — The $50,500 ap¬
paratus bonds offered for sale on
Feb. 25
Hanover
Election—Earl
paid
and
%
Interest shall
Lorain, Ohio
yl
■
Bond
-
21, 1946,
ditor, that $31,00d 2% recreation
and
equipment purchase bonds
will be purchased at par by the
City Sinking Fund. Dated March
1, 1947. Due on Sept. 1, as fol¬
lows: $7,000 in 1948, and $6,000 in
1949
to
1952.
Interest payable
Co., New York* City, for
payment. Interest ceases on date
cinnati,
Lot No. 52
Central
Dec.
on
'
■
.
Trust
of sanitary
Cleveland:
if
the
'
presentation
.1936.
Isphording, of Cincinnati, as 2%s,
at a price of 100.88, a basis of
about 2>42%. Dated March 1,1947.
Due on Nov. 1, in 1948 to 1972, in¬
clusive:
Interest
payable M-N.
Second best bidder was Braun,
Bosworth
Co., Inc., offering
■
coupons at the
Due Oct. il,
1956, opl
"f;A tional April 1, 1937. Payment
of principal; amount of
said
*
.
sai!i
25,006
33^\%
Pomeroy - Mason
bridge bonds. Dated Oct. l
165, p. 858—were
Van Lahr, Doll &
100.819 for 2i/2s.
win
of
York, or at the State
Treasurer's office,
Columbus
Coupons maturing April i'
render.
18—v.
to
subsequent
upon
will
165,Vp. 1115—were awarded
to the Farmers Exchange Bank, of
were awarded to the First Cleve¬
land Corp., of Cleveland, as l%s, Lynchburg, as l%s, at a price of
Dated Feb. 15, 1947.
De¬
at a price of 100.58, a basis of, par.
nominations, one for $500, others
about
1.66%,
Interest
payable
$1,000 each. These bonds are due
J-D.
'
from Dec. 15, 1948 to 1969. The
next highest bidder was Strana¬
Cincinnati, Ohio
Bond
Disposal
Report—It
is han, Harris & Co., Inc., for 2s,
stated by Henry Urner,, City Au¬ at a price of 102.448.
Town Clerk, has announced that
the
Town's
general
refunding
at
130.84
47——
<
offered for sale
bonds, Nos. 10-19, amounting to
$10,000, are called for payment
Bank, of St. Louis:
on April 1.
Dated April 1, 1938,
Lot No. 37
—104.58
Denomination $1,000. These bonds
To
Stranahan, Harris & Co., are due
April 1, 1968. Holders
Inc., of Toledo:
should present their bonds to¬
Lot No. 45-—
107.435
gether with Oct. 1, 1947, and sub¬
To the First Southwest Co., of sequent interest coupons attached,
Dallas:
'
Sale—The $25,000 water
improvement and extension bonds
•
r iv
calling for the is¬
$25,000 park improve¬
Canfield, Ohio
National
Boatmen's
the
To
of
•
awarded
March
Campbell, Ohio
ordinance
Feb.
___
Bond
,
,y
2%
101.16
.2 %. 100.66
:.:yy
\>y
2Vz%
100.60
_
Bonds
Authorized — The
City
Council is said to have approved
—
m
I
7
v
New York:
Lot
?, ~t
County Drain District No.
(P. O. Greenville), N. C.
mainder of princpal annually with
Trust curtailment of 10% of the princi¬
pal each year thereafter.
——T,146.011
Plymouth, N. C.
Sachs & Co., of
Bond
Call—W.
A.
Roebuck,
Lot Np. 35
'
Pitt
To the Branch Banking &
•Ht
V
school
$1,000,000
of
$30,000
5%
drainage bonds offered on Feb. 22
v, 165, p. 987—were sold at a
106.076
of New price of par. Interest payable J-J.
The first installment of principal
No. 33
To
ssuance
104.75
mond:
4b
U
jhe Clerk of the Board of County*
Commissioners that an election
will be held on March 25, in order
;o
have the voters pass on the
York: bonds.
To Barr Bros. & Co., New
;
'■lyy;-
^
on
amount,
after April
or
surrender
1947, and prior will be
•;
construction bonds
on
New
;
Bond Election—The issuance of
$150,000
on
Chemical Bank- & Trust
Co
y/■ f.yr';J
-
ment bonds.
It is stated by
—
and
v,
(i®. O. Johnstown), Ohio
k
premium of 1%
bonds in negotiable form J?
companied by all Oct. l, mr
:
p.
Stranahan, Harris &
Co., Inc. —U
Seasongood & Mayer
Walter, Woody &
Heimerdinger
1947,
-
Johnstown-Monroe Local Sch. Dist.
2%s—v.
as
■
a
principal
be made
District's
be submitted to the voters at an
857—were sold at a price
of par, in the denomination of election to be held on March 18.
$1,000, and mature $2,000 Jan. 1,
Keene Local Sch. Dist. (P. O.
1948 to 1952. Interest payable J-J.
T A'A
Keene), Ohio
Bond
Sale—The $65,000 2V2%
<°h,°
building bonds offered for sale
165,
ville), N. C.
Bond Election
r
,
Columbus County (P. O. White-
land. >■
.
National
First
Bank of Jamestown,
suance
To the Harris Trust & Savings
Bank, of Chicago, and the First
National
Bank,
of
Portland,
revenue
the
to
with
er
such
Bond Call—The above
•
awarded
Sch* Dist.,
delinquent tax bonds Nos. 89 to
114, issued on March 1, 1942, ma¬
turing March 1, 1951 and 1952, are
called for payment on March 1, at
the Cleveland Trust Co., Cleve¬
$10,000
bonds
lotte, the Vance Securities Corp.,
Greensboro, J. Lee Peeler &
Co., Inc., of Durham, and the
Bloomingsburg Local Sch. Diet.
Branch Banking & Trust Co., of
(P. O... Bloomingsburg), Ohio
Wilson, at a price of 100.041, a
Other Bids—The $45,000 build¬
net interest cost of about 2.14%,
ing bonds awarded Feb. 8 to J. A.
as
follows: for $65,000 maturing
White & Co., of Cincinnati, as ltes,
Feb. 1, $5,000 in 1950 to 1952, $8,at a price of 100.64, a basis of
000 in 1953, $9,000 in 1954, $11,000
about 1.413%, as previously noted
in 1955 to 1957, as 3s, $44,000
in v. 165, p. 987—were also bid for
maturing $11,000 Feb. 1, 1958 to as
follows;
1961 as VAs, $83,000 maturing Feb.
Bidder
Int. Rate Bate Bid
1, $11,000 in 1962, $12,000 in 1963 Browning & Co.!
I
1%%
100.78
to 1968, as 2s, and $108,000 matur¬ Ryan, Sutherland & Co.___
1%%
100.70
of
111.87
20—
control
garbage
:
ing $12,000 Feb. 1, 1969 to 1977,
as
2^48.
Interest payable F-A.
To Weeden & Co., of New York; Dated Feb.
1,1947. Denom. $1,000.
Lot No. 22
——121.82
Thev next highest bidder was the
First Securities Corp., Durham,
Lot No. 48—
120.53
Campbell,
Phelps & Co.,
To H. D. White & Co;, of New and
York: V:.-,;-;■;y- .;
//' y jointly, for $180,000 as 2s, and
$120,000 as 2y4s, at a price of par,
Lot No. 26
111.029
Lot No.
.
Bond Sale Details—The
Bond Sale-The
15
Jamestown, N. Dak.
V
NORTH CAROLINA
Monday, March 3, 1947
East Cleveland City
Ohio
Fessenden, N. Dak
* -y:
5,000 equipment bonds, as 1.70s.
Bonds
Voted — The
following
Due $1,000 from Jan, 31,1948
water bonds totaling $185,000 were
tp 1952.
; ;
Dated Jan. 31,1947. Interest pay¬ approved at the election held on
Feb. 17:
$147,000 revenue, and
able J-J. The next highest bidder
$38,000 general obligation bonds.
Was the First Trust & Deposit Co.,
These bonds will be placed* on
Syracuse, for $12,000 as 2.70s, and
the market as soon as possible,
for $5,000 as 2s.
^,
—138.512
130.112
14
Lot No.
w-
CHRONICLE
called for
April
of
of
.
the
1, = 1941.
principal
said 5 bonds
so
redemption, togeth
$80,000 school bonds, not exceed¬
ing 4% interest. Dated Jan. * L
1947. ^Denominations
$500.
t
$1»000
These bonds- are due
and
$l,50tr
.AT*..
•■Hv
"S 1,.;
V;
■4T
.
-
•
\
'
:
•
ft
-
ft;"
■
•
>
»'
i'1*.
.'/-v
•
•
i.14
:>•
i'M-
THE COMMERCIAL & FINANCIAL CHRONICLE
Volume -165 '* Number 4573
'V-1 '
LA-i'
:'J!
1243
r
,4>v
an/
y-x:~-:viU ii.' AUoona, Pa* ' J*■■**> (V Sapulpa, Okla.
$2,000 Nuvft ; 1* 1943 to
ft
Bond Sale Details—In connee$1,500 May, and Nov. I,
? Bond Offering — W, H. Baird,
tion with": the report in v.
165, aty Clerk, will, receive sealed
1970. > Bidders may bid for a dif¬
11
a.m.
ferent rate of interest in multi¬ p. :858—of the award of $300,000 bids until
(EST,
on
water system and fire department March
ples- of - V4 V of l%<n A certified
12, forv the purchase of
bonds to Crummer Co., Inci, of
check for -$8Q0> payable to the
$450,000 refunding and improveBoard of Education,.is.required. Wichita^ and E. M. Qohessy,) of ment coupon bonds. Dated March
May ,
1969, and
Weisenherg Township Sch:: Dist.
(P* 0. New Tripoli, R. No. J),
ft.;, ft:.-- ft\■/. i Pennsylvania v;(i, '"'"'ft
*
,
,
Oklahoma
t
Cityjointly, at a net 15,: 1947. ' Denomination $1,000.
WesUrviUe Schaol District, Qhio cost; basis of about 2.40%, the
[These bonds are due $45,000 from
V other Bids—The $250,000 build¬ following further details relative
| March 15, 1949 to 1958. Bidders to
ing : bonds
awarded Feb. 10 to to the sale are available:ftft ft
II name the rate of interest in mulSweney,
Gartwright & >Go4 4of $108,000 2s. Cue
$18,000 on Feb. | bples of Vs of 1%.» The bonds
Columbus, as l%s, at a price of
are subject to the
15 from 1950 to 1955 incluapproving opin-.
101.76, a basis of about 1.59%, as
ion of Townsend, Elliott & Munsiveft
previously noted in v, 165, p. 987
192,000 2V2s. Due Feb, 15: $18,-1 son, of Philadelphia. A certified
also bid for as follows:
-L-were
.
'■
>
V/' '.V
■ •
v
• Int. Rate
Rate Bid
Bosworth & Co., Inc.
1%%
100 925
j, A. White &
13A%
100.811
Ohio Co., of ColumbusLi—
1%%
100,724
Field, Richards & Co.—1%%
100.638
Halsey, Stuart & Co._,
1%%
100.632
Stranahan," Harris &
ft' ...
-V
Bidder
ft:
.
•
nnrt
Co'.r:Inciji-2J~Pahey, Clark *& Co,ici.u4--a
2%v
>•
2%
2%
Weil, Roth & Irving Co.—
The
,
award
water
102.181
102.034
100.87 '
ior«
I check for 2%
of the bonds,,
+«• iack
000, from 1956 to 1965 inclusive, and $12,000 in 1966.
■
Braun,
consisted
system
due
I
from
"j01?}
of
.'ft °hia
will receive sealed bids until noon
on March : 17, fort the purchase of
Stonewall
$60,006 4% building bonds. Dated
Aoril • 1,;: 1947, \ Denom.ft. $1,000.,
These bonds are,- due $2,000 on
May and.Nov.il, in 1948 to 1960,
andft $4 006ft on May and Nov. 1,
1961. Bidders, may bid for a dif¬
water
sale
works
on
bonds
I,
Bonds Soid^-It is stated by the
'
offered
were
for
on
to the First National Bank of La-
May
„
Canfiejdj.^
qo
i
J
^an
-
i
xhe bonds
follows:
as
issue ft of
>
$12,000 2V2S. Due $3,006
$250,000 construction bonds will
be
resubmitted
voters
the
to
the election to be held
bonds
These
11.-
at the
from
at
1950
18,000 2s.
Mareh
on
failed
ft from
to
carry
to
1953
Due $3,000
1954
to
be
inclusive.
1959
approved
to
as
Townsend, Elliott
Philadelphia.
Jan. 1
on
payable from
are
un¬
limited ad valorem taxes and will
on Jan. 1
inclusive.
legality
&
(
^
OKLAHOMA
\
.
.
•
Ada, Okla,
4-
;
ft Bond Sale—The
'' ""*
;
—
ftftfti966.
$37,000 construction bonds will be
ft
bonds offered for sale
Bonds Sold:—An issue of
Feb. 24,
on
awarded to C. Edgar Honnold; of Oklahoma City, at a price
submitted
Temple School District, Okla.
$50,000 airport
to
the
voters
$14,5001 election to; be held
on
the
at
March 4.
were
of
100.01, a net interest cost of
about 1.39%, as follows; For $35 000 maturing, $7,000 in 1950 to
1954, as lVgs, and $15,000 matur¬
ing $7,000 in 1955, and $8,000 in
1956, as ft 1
ft The next highest
bidder
at
R,"J. Edwards,
price of 10Q.Q05.ft
ft
a
Inc.,
was
s
Co.,
at
;
ft
.
Independent ConsolidatedSch. Disi% Nd,B
ft.ft,
(P. O. Amorita), Okla,
,V
ft Bonds SoldTT-rAn .issue of $6,000
bonds offered for sale
1946,
sold
were
Oct, 22,
on
to
recently
Farmers Exchange Bank of
okee, as Is, at a price of
Bonds Voted—At
tion the
voters
said
Trust!K„i
.
Bonds
*
„
ft®
I
-
Sold—An issue of
$106,light extension bonds
offered for sale
June 4* 1946,
awarded
the
to
-
March 3, at the office of Portser,
Gregg
tionil
Small-Mil-
Co., and C. Edgar
both of Oklahoma
h5)
|
bonds. Dated
in
multiples of
of
1%.
issue
Mount Pleasant.
These bonds will
be
subject to the approval of the
authorizing proceedings by the
'
of $15,-
Department of Internal Affairs,
approved the issuance of $40,000
The Township will furnish the
water system extension bonds
by
opinion of Burgwin, Churchill &
a wide
margin.ft
at a price of 100.262, a basis of Ruffin,
of Pittsburgh, that the
about 2.91%. Dated JanAl; 1947:1 boids are valid general obliga; "ft:
GrandfteldSeh, Dist.,. Okla, ?
4 Price Paid—The $220,000 buildi Denomination $1,000. These bonds Ltions of the Township. A certified
mg bonds awarded on Feb.-4 to are due $3,000 from Jan. 1, 1948 check for $2,000, payable to the
the First State
..
Bank, of Grand- to 1952. -.' Legality approved by Township, is required.
000
impt. bonds was purchased
recently by the United States National Bank, of Portland, as l%s,
.
field,: at
.
a
;
net
interest
1 62%—v.
at
a
165,ftp, 858—were sold
price of par.
ft ft--ft: ft ft ft'-
»-\VvV,.'"fy i'
'* ■''«
:
" '1
'
■
*'
-
"^ftPond Offering—The
receiveft
sealed
0^5^* iJP* jfor
^40,000, water
>
until
the purchase
of
works system bonds.
iQPryor Cfiek Schi Dist,f Oklal
fronds Sold—Frank Hairft Clerk
of
the Board of
Education, has adft
vised^ that
building
issue
art,
of
$28,000
and renair bonds offered
28, 1946, was sold
recently to the American National
'*
Pryor,
as
l%s.
ftr,*?011?8 S°W—The
ottered
for
sale
on
$15,000 bonds
Dec.
3,
1946,
jyf
ein-
Were
piirnVmnA^i
bessy,
of Oklahoma
City, as 3^s,
at a price
described
were
BeUe
originally offered for
Nov. 26,
on
1946.ft: ..../ft-ft--'
T?
of nar- ftrhp^e bonds
as
^ter..\york?
000
follows;
are
$to 000
extension, and $5,-
fire equipment bonds,
ft-
These bonds are
are
These bonds
part of the $400,000 issue offor sale on Sept. 23, 1946,
fered
for
was
which
the
rejected.,
only bid received
ft ft
.
-1
,
and
water
plants, "ft "ftftftft"'ft :
1
1
.
softening
"ft-ft" ftv" ■"
" ft
Another would permit engineer¬
ing fees and
plan drafting
the total
in
ured
other
expenses
in
included
in
be
to
which
cost
be fig¬
may
special assessments,
-•,ft'ftft.
TENNESSEE
Dyershurg, Tenn.
Bond
Bills
Introduced
—
Three
bills have been introduced in the
General Assembly to authorize an
issue
of
$650,000 water works,
electric- light
'
and
sewer
Gallatin,
Lancaster, S. C.
(P. O.
yernBn)t />„, /
| Borough Council is said to have
passed an ordinance calling for
the issuance of $30,000 4% certificates
of
indebtedness,
Sinking
Fund of 1947.
Dated Feb.
28,
11947.
Due
on
-
Tenn.
following bonds amounting to
$225,000 are being offered by F.
W. Craigie & Co., of
Richmond,
for public subscription:
;
ls/4%
refunding
bonds.
Due $15,000 from Jan. X, 1948
to 1959.
•
;
:
be
Offering—Sealed bids will
received
until
1:30
p.m.
on
March
12, by R. L. Neal, City
Recorder,v for the purchase of
$50,000 water works improvement
bonds.
Interest rate is not to
ex¬
Due
1947.
The
$180,000
Bond
45,000 2% refunding bonds. Due
$15,000 from Jan. 1, 1960 to
1962,
Dated Jan. 1, 1947.; Denomination
$1,000. Principal and interest
on March 1; $4,000 in
1957, and $10,000 in 1958.
multiples of
1948 to
Interest rate to be in
y4
of
1%.
awarded
The
to
bonds
will
be
responsible bidder
offering to take them at the low¬
est rate of
a
interest, at
price not
a
less than par and accrued interest
to date of delivery from March 1,
1947.
The purchaser will be re¬
quired to pay the printing costs
and legal opinion and to deposit
certified check equal to 2% of
Nov. 1, 1947.
A
the face value of the bonds.
pay¬
•
able at the Central Hanover Bank
& Trust Co.,
New York.
Said
bonds, in the opinion of counsel,
are valid and general
obligations
of the City. Legality approved
by
Huger Sinkler, of Charleston.
Rockwood, Tenn.
Sale—The
Bond
$300,000 series
B, electric system revenue bonds
offered for sale on Feb. 21—v. 165,
p. 988—were awarded to a syndi¬
cate composed of the Cumberland
Securities
SOUTH
DAKOTA
&
Corp., J. C. Bradford
both of Nashville, C. H.
&
Co., of Jackson, and
Co.,
Little
Elk Point, S. Dak.
Davidson
& Co., of Knoxville, at
price of 100.003, a net interest
of about 2.46%, as follows:
for sale on Feb. 25, were awarded
for
$272,000 maturing June
1,
to O. D. Hansen, of Elk Point, as
$22,000 in 1948, $23,000 in 1949,
2s, at a price of par. The next
and 1950, $24,000 in 1951 to 1953,
highest bidder was Fred Gefke &
$25,000 in 1954, $26,000 in 1955
Co., for 2y4s, at a price of 101.261.
and 1956, $27,000 in 1957, $28,000
in 1958, as 2y2s, and $28,000 ma¬
Flandreau, S, Dak, ■
Bond Sale Details—An issue of turing June 1, 1959,' as 2y2s. In¬
$80,000 electric system improve¬ terest payable J-D. Dated Dec. 1,
ment bonds awarded last Decem¬
1946.
Denomination $1,000.
The
ber to Fred Gefke & Co., of Sioux next highest bidder was John NuFalls—v. 164, p. 3200—were sold veen & Co., Nashville Securities
as
iy2s, are dated Dec. 1, 1946, Co., Fidelity Bankers Trust Co.,
and mature Dec.
Hermitage
Securities
Co.,
1, as follows: and
$15,000 in 1947 to 1951, and $1,- Nashville,
jointly,
for
$300,000
Bond
tric
Sale—The
plant
in
are
callable
1952
date.
to
or
,
Said
1956.
at
offered
bonds
revenue
000
interest I
$107,000 elec¬
interest
any
cost
bonds
,2y2s, at
accrued
and
par
a
interest
price of 100.147,
a
of
cost
paying
about
Trenton, Tenn.
.
Bonds Voted—At
South Dakota
Proposed
(State of)
Legislation
tion
Would
Strengthen Municipal Assessment
Bonds—A
series
bills recently
of
introduced
in the State legisla¬
designed to enhance the
marketability of local special as¬
ture
the
voters
One
the
of
law
bonds
in
the
bills
of
ft
would
permitting
lieu
ft
v
amend
issuance
assessment
of
cer¬
tificates to include "the total cost
said
to
have
water, street and sewerage
tem improvement bonds.
sys¬
TEXAS
Burkhurnet, Texas
sessment bonds and to improve
machinery for collection of spe¬
assessments.
recent elec¬
a
are
approved the issuance of $75,000
are
cial
a net
2.47%.
Bond Call—R. A.
Wiggins, City
Treasurer, states that 4% refund¬
ing bonds, Series of 1936, to the
amount of $308,971 par value, are
being called for payment at par
and accrued interest on April I.
of the improvement" and provide
Dated
for
1, 1966, optional on any interest
payment
date, Payable at the
a
general
there is
fund
a
tax
levy
if
ever
deficiency in the special
set up for the re¬
which is
Central
1,
Due
1936.
Bank
Hanover
New
York
City,
on
&
Oct.
Trust
at the
American National Bank, Austin.
Co.,
tirement of the bonds.
Oct.
or
a
due $5,000 from
1, 1948 to 1967.
"
,
4%, payable M-S. Denomi¬
nation
$1,000.
Dated March
1,
•
Nov.
>1 I
..
ceed
SOUTH CAROLINA
•
_
Roosevelt, Okla. ft,
"ft'
sale
.
for sale
on Oct.
Bank of
.
»
■
plant bonds.
; Under a companion bill it would
gond Offering — The Borough
be made mandatory for the coun¬
Secretary will receive bids until
ft
7:30 p.m. on March 25, for the ty treasurer to collect the special
assessment tax in the same man¬
Yamhill County Sch. Dist. No. 401 purchase
of $65,000 street im¬
ner as a general ad valorem tax.
provement coupon bonds. Dated
(P. O. Amity), Ore.
Another of the group of muni¬
ft Bonds Voted—An issue of $215,-! April 1, 1947, Denomination $1,000, These bonds are due $5,000 cipal bills provides that reserve
000 construction bonds was rati¬
funds would be
deducted from
in 1949 to 196L Principal and in¬
fied at; the election held on Feb.
the total cost of a construction
terest payable at the First Na¬
TSftftftft'''.ft 'ft.;-ft.ft'-:ftftvft'ift> J; 'ftftft'ft-ft
ft
tional Bank, Belle Vernon. These project, if the total should exceed
the debt limit. - ft
bonds were apnroved at the elec¬
ftft
PENMSYLVAN! A
ftft
Other bills would permit com¬
tion held on Nov. 5, 1946.
Le¬
ft ■ft";-''.':, ft
bined bond issues for water and
r Aliquippa, Pa.
-ftft-.,;:
gality
approved
by
Burgwin,
Bonds Sold—An issue of $100,-1 Churchin'&
Ruffinftof Piltsburgft light utilities, and ■ sewer and
000
public improvement bonds A certified check for $1,300, is waterworks improvements. Sena¬
tor J.
G. Barger
was purchased last November, by
of Aberdeen,
required.
who explained the bills, said the
Singer, Deane^&
Schibner, of
intent "is to strengthen the bonds
Pittsburgh, as l%s. Interest payOlyphant, Pa.
able M-N.
Dated Nov. 1, 1946.
| Certificates Authorized — The and make them more desirable as
at
for
Portland,
price of 100.175.
City Clerk
bids
ler, of Portland. >The next highest I
bidderwas
the
First-'Nations |
Bank,
ft" "ft'v•'
■'
Martbufy Okla^fy
>
;I eUeBht„N
i
y.rnon
Teal, Winfree, McCuUoclv & am-
cost (; of
bonds
follows:
Principal and interest payable at
the Mount Pleasant State Bank,
.District, Ore.
Sold—An
coupon
$2,000 in 1948 to
1954
and $3,000 in 1955 to 1966.
Adders to name the rate of in¬
as
terest
Beaverton 'Rural Fire Protection
Bonds
funding
March 15, 1947. Denomination $1,q00. These bonds are due March
OREGON
have
& McConnell, First NaBank : Building,; Green?-
burg, Pa., for the purchase of $50,-
Honnold,|000
City, jointly, as
follows:
$60,000 maturing $5,000
July 1, 1949 to 1961, as l%s, and
$46,000 maturing July 1, $5,000 in
1962 to 1968, and $6,000 in 1969,
as 2s.- Interest payable J-J.
Cher¬
par.'
to
![ m» unt
as
nar
000 electric
recent elec¬
a
are
&
City,
,
.
Dawson*. Okla*
.,
'
the
Bank
nrice of
burn
Alfalfa County
National
Oklahoma
Bond Offering—Charles Welty,
V t* - ;.
f
''. I Township Secretary, will receive
;ft- ^: Tonkawa, y«*av-ft i:ftr -11sealed bids until 2 p.mi (EST); on
a
.■.
of
v/as
;
.
the First
«
;ft::;. vftftftft';'.ft street,
funding and refunding bonds is
being offered for sale by Kline,
Lynch & Co., of Cincinnati. These
ft.
1^ $1^)00
Little Britain Township District
;ih 1960; $3,000 from 1961 to ft. ft:ft (P. O. Quarryville), Paft,
1965 inclusive, and $2,000 in
Bond
Election
An
issue
of
;;
"ft'-ft'''
Winton, Pa.
•ft
by
of
Munson
^^0 2%s. DueftJanv
:
November, /1946, election.:
trict, is required,
Bonds Offered for Investment—
"" '
'
check for
2% of the
bonds, payable to the School Dis¬
,
I Borough,1 > Secretary that $20,000
6f $20,006 l^eneral
Obligati0n improvement
nds
awarded
Feb, 19
Okla
Bonds Sold—An issue
Eagles Mere, Pa,
.
v
certified
these bonds will be of-
13,.i 1946, was pur-|^
.
,c
inntr«
chased by Calvert &
pnnH
Olrlohnmn
Pitv
payable M-S«
SCCpQQ
Oklahoma City, as. A6 af f1 IfltGTCSt
4s,,at;l price ^ bid
offer by E. H. Roilins & Sons, of 100.559 for 2s.
ferent rate of interest in a multi¬
Temple, Okla.
* ftftft
" IThe borids are dated March 1,
Bond Sale7 Details^-The ft $50,ple of xk of 1%, These bonds were
j 1947. Denomination $1,000. Due
voted at the election held on Nov. 000 water works extensiepTshd 1 $1,000 on March 1 from 1949 to
5,1946. A certified check for $600, improvement bonds reported sold 1968 inclusive; callable at par and
payable -to the Board, of Educa¬ in v. 165, p. 262—were purchased I accrued interest on March 1, 1958,
tion, is required,
^
" v; _v ft\*f by C. E. Durgee^ Of Charleston, I or on any subsequent interest
III., at a price of 100.01 Ift a net ] payment date. Coupon in form,
Xenia Townshio Local Sch. Dist.
interest cost basis of about 2.47%, I register$ble as to principal only
;
*
(P. O. Xenia), Ohio
ft Bond ' Election—An
A
'
filtration
Bonds Publicly Offered—An is¬
of $140,000
3%% judgment
$600,000 funding, improvement
equipment bonds. It is ex-
I
proved by Chapman 85 Cutler of
Chicago.- * .
1
if,
Clerk of the Board of Education,
(EST)
15, for the purchase of
$42,000 school coupon bonds, to
bear, not exceeding 2y2% interest.
Dated April 1, 1947.
Denomina¬
tion $1,000. These bonds are due
$2,000 from April 1, 1949 to 1969.
fiscal agency of the
Stafcelfered for sale before April 1. '.ft-'
New York City.
Legality ap-\-ft
ft'ft'-'ft
-ft-'ft-'
ftft-ft .'ft/:^
in
Bond Offering—James T. Smith,
noon
March
on
and
j)ayabJ^Jpee|^^j1;at
the
at
Offering—Frank J. BittDistrict Secretary, will re¬
■
sue
Pa.
inclusive, and -$&O^ Jftr Bonds Authorized — The City
^onds. -^Councilvis said to have passed a
5°
incluswe.sAMiesblutton calling for the issuance
noSP
?°°
Denomination $1,000,
cipal and interest (F-A)
"ft Willaughby f Townshio Local
Bethlehem,
'
.
Bond
ner,
ceive sealed bids until
payable to the City
$250,0001 Treasurer, is required
of
bonds,
of the face amount
i"
V
investments"
ft-
more
tutes
sewer
a
Irrigation District No.
detail what consti¬
improvement and
that special assess¬
waterworks
so
ments may
include septic plants,
1,
Texas
Call
Bond
—
H.
S.
Ridgeway,
District
Manager, has announced
that the above District's refund¬
ing
bonds, series of 1945, Nos.
and 970 to 980, amount¬
940 to 953,
ing to $25,000, are called for pay¬
ment on April 1, at par and ac¬
crued interest at the American
National Bank & Trust Co., Chi¬
cago.
Dated
nomination
are
due
Oct.
$1,000.
1,
1945.
These
De¬
bonds
April 1, 1970.
Floyadada, Texas
...ft
Bond Sale Details—The $25,000
park bonds
awarded recently to
of Texas, of
Crummer & Co., Inc.,
i
The bills include two which ex¬
plain in
Dona
Dallas, as 3s—v. 165, p. 988—were
sold at a price of par, and mature
$5,0001 m 1947
$1,000 in 1959^0 1971^
and $1,500 in 1972 to 1975.
April 1, as follows:
to
1958,
*u:
THE COMMERCIAL &.EINANCIAL
,i
1244
CHRONICLE
of municipal bonds $200,000 mortgage revenue bonds
Pershing, was purchased recently by, HarBosworth, Dick & Dawson;' attor¬ ley, Haydon; & Co., of Madison.
Bonds Offered for Investment—
These bonds are described as fol¬
The Ranson-Davidson Co., Inc., is neys of Denver. This digest, which
the
McAllen),
issuance
has
Indep. Sch. Dist. (P. O.
Texas
McAllen
b£en prepared by
,
carries the title "Rocky Mountain lows: $100,000 water works, and
and 3%
$100,000 sewage treatment plant
schoolhouse coupon bonds, Series Municipal Bond Buyers' Guide,"
includes also a summary of the bonds. These bonds were author¬
of 1947, for public subscription.
ized at the election held on April
revenue bond laws of the same
Denomination $1,000. Dated Feb.
group of States. The Guide carries 2, 1946.
I, 1947. Due on Feb. 1, in 1948
a notation indicating that it is re¬
to 1971; bonds due from Feb. 1,
Beloit, Wis.
vised through the legislative ses¬
1963 through .Feb. 1, 1971, being
Bond Offering—It is stated by
sions of 1945.
The Legislatures
optional at par and accrued in¬
of all of these States are meeting R. H. Calland, City Clerk, that he
terest on and after Feb. 1, 1962.
again this year. The Guide in¬ will receive both sealed and oral
Principal and interest (F-A) pay¬
cludes an index for quick refer- bids until March 17, at 7:30 p.m.,
able at the office of the State
purchase of $1,600,000
ence
to the statutory provisions for the
Treasurer, Austin. Legal opinions
Interest
covering the issuance of various school building bonds.
by the State Attorney General,
rate is not to exceed 2%, payable
types of bonds in the eight States
and
by McCall, Parkhurst
&
M-S. Rate to be in multiples of
in the Rocky Mountain group.
Crowe, of Dallas.
% or 1/10th of 1%, and no bid
VIRGINIA
shall specify more than one rate
UNITED STATES
of interest, which shall apply to
iWinchester, Va.
2%
$600,000
•offering
,
United States
of Municipal
Prices / Available—The broad up¬
sweep of tax-exempt State and
local government bonds in the pe¬
riod 1933-1945 and the subsequent
price readjustment in 1946 are
strikingly portrayed in the annual
municipal price and yield survey
Just released: by the Chemical
Annual S u r v,e y
,
Bank
mow
Trust
&
Co.
The
survey,
in its 30th year, lists year-
end prices and
200
yields of more than
tax-exempt issues, including
•one
or
bonds of each State
more
for
Monday;mrch3,l94j
registration
as
Dated Feb715, 1947.
to principal.
Due, on Feb.
1048 to 1972. Principal arid
15, in
interest (F-A 15) payable in
000 in 1956. *
2,2U,0W2%% refunding
bona,:
Due NoY.i l; as
follows* ai
law¬
Canada in the City
Legal opinion by
Clarke, Swabey, McLean & Ross.
The proceeds of these debentures
are
to be applied for hospitals,
ful money of
of
Toronto.
127.^^1957, and
Due Nov.
waterworks
sewers,
pavements and other pur-*
poses.
\
.oy..
in
York, Ont. ":
1,
in
1973.
a
■
syndicate headed by the Do¬
minion Securities Corp., Ltd.^
and
Bell, Gouinlock & Co., Ltd., is
offering $8,881,000 214, 2% and
3% debentures for public sub¬
scription at prices to yield from
2.75% to 3.00%, according to ma¬
turity.
Coupon
debentures ; in
the denomination ,of $1,000.,with
provision' for registration ; as to
principal.
Dated April 1, 1947.
Due on April 1, in 1948 to 1973.
Principal and interest (A-O) pay¬
.
' T®,
11
Debentures Offered tt>
Publics
Bonds Offered for Investment—
A
;
::
,
.
$l,084f(JS
refunding bond?
as, follows*
$i
1959, $506,000 t
1961, $1,213,000 in 1962, $2!
675,000 in 1969, $7,904,0001
1970, $7,713,000 ih 1971 $5
007,000 in 1972 and $1416000
077,000
'
installations,
parks,
3%
27,511,000
The
debentures
fered
in
are
being
0?
concurrently with the sale
Canada
of $31^48,000 of
new
debentures payable in
Dominion
funds. Both issues represent
the
third and last step in the refund¬
ing of all obligations issued under
the
1944
reorganization.
Two
previous offerings were made in
Jones,
considered for less than all of the
Canada in I.September, ■ 1946 and
City Auditor, will receive Sealed
bonds of said issue. Denomina¬
Panuary, last., /
*
bids until noon (EST), on March
tion $1,000. Dated March 1, 1947.
The United States debentures
are
11, for the purchase of $650,000 Due on March
1; $70,000 in 1948
priced at 100% for the nearer
series of 1947, water, sewer and
to 1051, $75,000, 1952 to 1955, $80,able in lawful money of Canada maturities to 99% for the more
disposal coupon bonds, to bear
000, 1956 to 1959, $85,000, 1960 to
not exceeding 2% interest. Dated
in the City of Toronto.
Legal distant due .dates plus accrued in¬
1963, and $90,000 in 1964 to 1967.
At these
March 15,1947. Denomination $1,opinion by Daly, Thistle, Judson terest in; each, case.
Principal and interest payable at
000. These bonds are due March
& McTaggart.
The proceeds of prices, yields range from 1.25 to
the City Treasurer's office. The
the issue of these debentures are 3.065%.
15, as follows: $40,000 in 1948 to
approving opinion of Chapman &
Proceeds from both the new
to be applied toward the redemp¬
1952; $35,000 in 1953 to 1957; $30,Cutler of Chicago, will be fur¬
000 in 1958 to 1962, and $25,000 in
tion of existing debentures of the Canadian and United States issues
nished. A $20,000 certified check,
1963 to 1967. Rkte of interest to
together with additional necessary
municipality.
payable to the City Treasurer,
funds to be supplied by the
be in multiples of 1/10th or %
city
must accompany the bid.
;
will be applied to the redemption;
of
1 %.
Principal and interest
"]J QUEBEC. ■;
on May
1 of $78,036,213, (U. S.>
(M-S) i payable at the Chemical ■:
J'
v.;:
WYOMING
Bank & Trust Co., New York City.
:f;,;Hull; Que.
" ■<;
V:,; and $26,805,000 (Canadian) de¬
Evanston, Wyo.
bentures dated May 1, 1944.
Bonds will be delivered to the
Bonds Purchased—An issue of
The
Canadian
Bond Offering—Leland G. Rex,
tranche
was
purchaser as soon after March 20,
$55,000 3% city bonds was pur¬
as is possible.
The successful bid¬ Town Clerk, will receive Sealed chased recently by the Caisse awarded by the city authorities to
der will
be
furnished: without bids until 5 p.m. March 3, for pur¬
Credit. Inter-Provinciale, Ltd. It
Populaire Notre Dame, of Hull,
cost, the opinion of Wood, King chase of $60,000 semi-annual, sew¬ at a price of 100.68, a basis of is estimated that through the sale
& Dawson, of New York City, er bonds, not exceeding 6% in¬
of
these
new
refunding issues
about 2.95%. These bonds are due
Montreal will effect a net saving
stating that the bonds are valid terest. A certified check for 5% Nov. 1, 1947 to 1976.
and
of more than $22,000,000 over the
binding general obligations of the amount of the bonds bid
Montreal, Que.
of the city. These bonds were ap¬ for, is required.
life of the new bonds against the
'
,
Offering
Bond
—
the
J.W.
entire issue.
bid will be
No
,
,
,
Jhaving debt publicly outstanding
and at least one city, county or
public authority in each State.
During the period; covered by
the survey, many long-term is¬
sues such as
City of Hew York
4%s 1981, City of Cleveland 5%s
1964, Detroit 4%s I960, Little
Bock
4s 1950 and Birmingham
4%s 1957, among others, are seen
to have ranged in price upwards
of 50 to 60 points in reflection of
the
improvement in individual
credit positions during this time;
bighest quality issues, such as
New York State 3y4s 1960, City of
Atlanta 4%s 1956 and City of New
Haven 4%s 1951 registered price
increases up to nearly 35 points.
Based on an average of all bonds
of from
10 to
included
in
25 .years
the
maturity
prices
lose from 90% in December 1933
to a high of 134% in December
1945 and declined to a final 1946
figure of 129. Yields, moving in¬
survey,
versely to price,
in
December
•
1.47%
a
rose from 5.29%
1933 to a low of
in December
1945
and to
final 1946 yield basis of 1.79%.
In an added tabulation; the sur¬
vey
traces the market perform¬
of 20 selected issues rep¬
ances
resenting a geographical crossaection of the entire country and
presents year-end average prices
and yields for this group.
De¬
spite a shortening of average
maturity of these issues from 21%
the
at
years
beginning
of
the
period to 8% years at the 1946
year-end, average prices showed
an
appreciation of 28 points over
December 1933 price levels. 1
The
tabulation
is
now
dis¬
'
,
proved
Dec.
at
election
the
10, 1946.
held
Bonds Offered for Investment—
on
Laramie
A certified check
No. 1
for 2% of the face amount of the
County School District
(P, O. Cheyenne), Wyo,
Bond Sale—The
bonds, payable to the City Treas¬
urer, is required.
$300,000 build¬
{ (P. O.
a
Seattle), Wash.'
Bond Sale—The $195,000 school
bonds offered for sale
on
Jan.
7
165, p. 120—were awarded to
syndicate composed of the Pa¬
cific Northwest Co., Bramhall &
v.
been
basis
of
about
1.385%.
Dated
May 1, 1945. Denomination $1,000.
These bonds mature Jan, 1, in
1953 to 1956, inclusive. The next
highest bidder was Halsey, Stuart
& Co., and Sidlo, Simons, Roberts
& Co., jointly, for 1.40s, at a price
Stein, Foster & Marshall and the of 100.1066.
National Bank of Commerce, all
The American National Bank, of
of Seattle, as 2s, at a price of
Cheyenne, Casper National Bank,
100.08, a basis of about 1.981%. of
Casper, the First National Bank,
Dated Jan, 1, 1947. Denomination
of Laramie, and Coughlin & Co.,
$1,000. These bonds are due Jan. of
Denver, were associated with
1, in 1949 through 1962. The next the above
named in the purchase
highest bidder was the First Na¬ of the bonds.
tional Bank, Portland, and Wm.
P. Harper & Son & Co., jointly,
Wyoming (State of)
for
$195,000 2s, at a price of
Municipal War Memorial Local
100.029, •
Financing Approved—The State
Legislature is said to have given
Klickitat County, Goldendale
final approval to a bill to permit
Sch. Dist. No. R-404 (P. O.
cities in Wyoming to issue bonds
Goldendale), Wash.
for the erection of war memorials.
Bond
Offering — The County
Treasurer will receive sealed bids
CANADA
a wide group of banks,
companies, and other
investors throughout the country,
In addition to constituting a valu¬
able reference work, it also pro¬
vides a ready means for distin¬
guishing differences in market
performance among various types
of municipal credits and is ex¬
tensively used for this purpose.
Lee Higginson Corp., Mer¬
Lynch,
Pierce, Fenner
&
Beane, Paine, Webber, Jackson &
Curtis, and White, Weld & Co.,
Co.,
rill
PINE
■
The
Board
declared
Per
STREET, NEW YORK, N. Y
a
share
of Directors has"1 this
day
dividend of twenty-five cents
on
the
Common
Company, payable March
stockholders of record
tHtsiness March 3, 1947.
^
Checks
Trust
•M.Y.,
will
he
at
the
of
the
1947,
to
of
by
close
New
Bankers
York
bonds
Bonds Purchased—An issue of
$150,000 2%% and 3%% improve¬
ment
Feb.
bonds
purchased om
was
3, by Grenier, Ruel &
Co.,.
Boulanger, Ltd.r
$1,083,000 1 y4%.refunding bonds. both of Quebec, jointly, at a price?
of 99.56.
These bonds are due
Due Oct. 15, 1947.
and
all of New York:
3,649,000 1 % % refunding
Due Oct. 15, 1948,
1,451,000 1%% refunding
Due Oct. 15, 1949.
1,683,000 2% refunding
Due Oct. 15, 1950.
4,345,000 2 V8% refunding
Due Oct. 15, 1951.
5,347,000 2%% refunding
Garneau,
bonds. Nov. 1, 1947 to 1966.
^
Ste. Therese School Commission,
bonds.
Quebec
_
Bonds Sold—An issue of
bonds. 3%
was
bonds.
school bonds
6, at a price
semi-annual,
sold
of par.
on
$18,00C'
Feb.
■
•
are
due
Interest
payable A-O.
Weldon
■"
.
Cenire, Que.
Bonds Sold—An issue of
3%
improvement
semi-annual,
bonds
was
price of
sold
■
$45,00C-3
on
Feb. 6, at at
par.
Saskatchewan
(Province of)
Public—-
Debentures Offered to
An issue of $5,000,000
3% sinking
offered,
by the Dominion Securities Corp.*
Ltd., Wood, Gundy & ; Co., Ltd.*
and A.
E, Ames
&. Co., Ltd.*
priced at 98.75 and accrued in¬
fund debentures is being
,
terest, to yield 3.10 %; for general
investment.
Coupon .debentures
will be issued in
the
denomina¬
tions of $1,000 and $500
and will
provision for, registration
principal.
To be dated
March 1,
1947.
To mature on
March 1, 1963. Principal and in'
terest (M-S)
payable in lawful
money " of, Canada
in
Toronto-P
Montreal," Saint John, Winnipeg
Regina or Vancouver, at the op¬
carry
as
to
March
These
cently to a syndicate headed by
Ltd., and the Royal Securities the Credit Interprovincial, Ltd., tion of the holder. These deben¬
Corp.;*Ltd., are offering $8,931,000 of Montreal, at a price of 99.19, tures will be non-callable. Lega*
2, 2%ji2% and 2%% serial deben¬ an average basis of about 3.02%.
opinion -by Daly, Thistle, Judson
tures for -public* subscription at These
debentures are described as & - McTaggart.
The,' authorizing
1948
bonds
to
1972.
-
are
No
due
Jan.
other
v'
WISCONSIN
...
rv
.
■
bid
1, in
was
according to the Town
Clerk.
15,
H. G. SMITH, Treasurer
February 20, 1947.
\
These
■
.
Co., of Seattle, as 3s, at a price
98.00, a basis of about 3.185%,
Interest payable J-J. Dated Jan.
1,
1947.
Denomination
$1,000.
1, 1948 to 1967.
of
received
mailed
Co., 16 Wall St.,
Transfer Agent.
Stock
12,
99.087.
&
,
.
insurance
ELECTRIC BOAT COMPANY
which would have
Currency
Issue,
debentures
'
amounting to $77,81 f,000, are be¬ funded.,'
;
The new debentures are redeem¬
ing Offered for public subscription
by a syndicate composed of the able at the option of the city at
First
Boston
Corp.,
Harriman principal amount plus accrued in¬
Ripley & Co., Inc., Smith, Barney terest and a premium of % % for
& Co., Halsey, Stuart & Co., Do¬ each year remaining between the
minion
Securities Corjf., Wood, date of redemption and the ma¬
Gundy & Co., A. E. Ames & Co., turity date but not exceeding 2%
McLeod, Young, Weir, Inc., Blyth in any case.
&
Co., Lazard, Freres & Co.,
Purchase Price—The debentures
Goldman, Sachs & Co., Kidder, were sold to the First Bostofc
Peabody & Co., Salomon Bros. & Corp. and Associates at a price
Hutzler, Stone & Webster Securi¬ of 98.553, a net interest cost of
ties Corp., Union. Securities Corp.,
3.02%.
Eastman, Dillion & Co., Hemphill,
Riviere Du Loup, Que. r
Noyes & Co., W. C. Langley &
until 10 a.m. on March 15, for the
purchase of $112,000 school bonds,
bonds.
to bear not exceeding 3% interest.
Due Oct. 15, 1952.
BRITISH COLUMBIA
Dated March 1, 1947. Denomina¬
2,527,000 2V2 % refunding bonds.
Chilli wack Township, B. C.,
tion $1,000. These bonds are due
Due Oct. 15, 1953.
Bonds Purchased—An issue of
March 1, as follows:
$5,000 in
1,315,000 2%% refunding bonds.
$100,000 2V2%
township bonds
1949 to 1954; $6,000 in 1955 to
Due Oct. 15, 1954.
was
purchased
on
Feb.
1, by
1963, and $7,000 in 1964 to 1967.
5,548,000 2% % refunding bonds.
McMahon & Burns, Ltd., of Van¬
Principal and interest payable at
;
Due Oct. 15, 1055*
the County Treasurers office or couver, at a price of 102.216, a
5,637,000 2% % refunding bonds.
at the fiscal agency of the State basis of about 1.74%. These bonds
Due Oct. 15, 1956.
Digest Prepared of Municipal
are due March
15, 1948 to 1952.
m New York
City. Legality ap¬
Bond Laws of Rocky Mountain
45,199,000 3% refunding bonds.
proved, by Preston, Thorgrimson;
Due Oct. 15, as follows: $5,Group States—A digest of the
ONTARIO
Horowitz & Turner, of Seattle.1 A
statutes of the States of
693,000 in 1957, $5,833,000 in
Arizona,
certified
check for 5%
Leaside, Ont.
of the
Colorado, Idaho, Montana, Neva¬
1958, $5,937,000 in 1959, $780,Bonds Purchased—An. issue of
amount bid, is required. \
000
in
da, New Mexico, Utah and Wy¬
1960,
$6,073,000
in
$570,000
2-2%%
improvement
oming insofar as they relate to
1961, $6,130,000 in 1962, $5,Wapato, Wash.
bonds was purchased oh Feb. 3
842,000 in 1963, $2,881,000 in
Bond Sale—The $250,000 water by
Wood, Gundy & Co., of To¬
1964, $1,007,000 in 1965, $4,revenue
bonds offered for sale ronto, and the Bank of Nova
DIVIDEND NOTICE
Sco¬
448,000 in 1966, and $575,000,
on Feb. 24—y. 165, p. 988—were
tia, of Halifax, jointly, at a price
in 1967. Dated Feb, 15, 1947.
purchased by Harold H. Huston of
tributed to
33
amount
payable in principal and in¬
terest on the obligations to be. re¬
.
ing bonds offered for sale on Feb.
25—v. 165, p. 732—were awarded
WASHINGTON
to
the ; Stockgrowers
National
Bank, of Cheyenne, and Associ¬
King County, Highline Public Sch.
ates, as 1.40s, at a price of 100.108,
Dist. No. 40
•
total
The following 1947 United States
?
•
Amherst, Wis.
Toronfoj, Ont.
Bonds Offered for Investment—
The Dominion Securities
Corp.,
Debenture
Sale
—
An
issue
of
$31,948,000 Canadian Currency is¬
sue,
debentures
was
awarded
re¬
prices- to
follows:
2.64%,
$2,226,000 2%% refunding bonds.
yield from
2.60
to
according
to
maturity.
Bonds Sold—The Village Clerk
Coupon debentures in the denomihas announced that an issue of nation of
$1,000, with provision
Due
Order-in-Council will
Nov.
1,
as
follows:
$1,-
123,000 in 1955, and. $1,103,-
provide f°r
annual, sinking fund of a sum
equal to 2%
of
the
principal
amount of .this issue.
:
"
an
.
@FedFRASER