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Tke
Financial
Reg. TJ. S. Pat. Office
Volume 163
Number 4469
New
General
4
RAILROAD
Aero Industries Corp., New Haven,
A.
PUBLIC UTILITY
64,198.2
Conn.—Expansion
of
L.
X.v
y,:
directors
share
stock,
1'
corporation
of
1,240
dividends
the
'at
has
amounting
California
Calif.-
of
to
$1,
Trust
2137?
in
prior
.
preferred stock,'one share;,?:
one additional
issuable solely in exchange forof business on
is
preferred
stock.-r-V.
162,
3186.
p.
,f> -v -
j
The
.
for
dividend
of
March
like
of
12cents
15
to
amount; was
The
of
*
fourth
operations
Italian
office
in
since
Milan,
.
Italy,'ion
Feb.
;
15,
the
>
stock
at
$12.50
30,
share
per
South
Issue
?: <
"
Waiter
A.
Bowers
succeeding
created
office
was
recently
elected
Vice
President? and
Treas¬
■
•
Arthur E. Welch,' who was elected to fill the
newly
Vice President in charge of
salesr;;,':.
to Aireon from the Lawrande Aeronautical Corp.,
of
,,,/, <x*r
M'X*
of
Alabama Great Southern RR
January—
Gross
,> '1946
rallway^^i
$1,245,867
railway—281,259
from
Net
ry.
—V.
income-,,
oper,
163,
Alabama Power
967,666'.'
234,765
175,630
X
for
31--
12,604,102
\
depreciation____„--l\---:^-^_2;
Interest
on
and
excess
profits
taxes
Amortization, of debt discount,
deductions ^--——~~
prem.
income '--1—
Toronto
91,232
2,268,986
reserve
x
'Balance
163,
$2,659,219
p.
Int.
.——,'-1189
Stock Exchange—Curb Section—11.91
—
'/•'
Averages.
/
v.
1946
.
railway—
railway
1Q44
1945
$2,436,110
$2(792,550
418,724
Net ry oper. income..*/,.
—V.163, p. 1021.
;V
211,640
1,014,928
.
$3,000,455
X 1,292,953
420,483
-
Willis
Deichler
to
|A;come
Mr.
the
Willis has
company
handled
first organized
was
Deichler, recently
had
been
Mr.
Smith
discharged
executive
was
assistant
;.X
the Army Air Forces as a colonel,
R. Smith, Chairman of the board.
relations.—V. 163, p. 646.
X
VX.
C.
American Crystal Sugar
New
shares
of
York
Stock
cumulative
Co.—Listing of Preferred Stk.
Exchange has authorized
the listing of 64,198
stock
($100 parr, upon
4'/a%
capital stock of the company consists of 64,358.2
of
6%
cumulative
first
preferred
stock
(par
$100),
all
of
,
.
>
new
before Feb.
U
or
retaining his
redeemable
and
:
holdings,
preferred
56,491
shares
into
the
of
v,;.
98,076
61,679
61,879
741,204
X. 750,214
jJ:'3,804
51,575
33,507
,1,145,096
1,244,096
14,063,226
■-321,532
14,065,321
advs.
23,737
26,806
83,442
85,898
154,430
A
661,509
637,512
140,767
1,689,209
1,689,209
836,196
10,378,211
10,399,927
87,741
•
X'X4.X
296,029
r
1,012,764
com-
1,042,645
•;■■
810,408
accordance
have
with
the
been
were certified by the War Department
effort.
war
as
neces¬
The
subsidiaries have net been
recording this
books, but, in addition to normal depreciation
they have been reserving amounts of net income
their
on
facilities,
resulting
the
in
have been
tax
the
reductions.
In
December
the
subsidiaries
amortization
periods as of Sept. 30, 1945 and
Consequently, the amounts of net in1945 have been
materially Increased and claims for
amortization.
filed
for
taxes overpaid
in prior years,
llncome de-
been
1945,
Property
he
was
Custodian James E. Markham
for public sale 90.5% of
on
offering
stock of
the corporation.
bids, on the 478,194
-
,
Feb.
the
27
announced
outstanding capi-
X
.
a.
■.
which
is
including 160 shares in the company's treasury, and 425,000
comrition stock (par $101 of which 364,017 shares are
issued,
including 51 shares in the company's treasury.
It is proposed to issue X
shares of
data
other
may
perti-
be obtained from that office.
Potash
ynder the tern\s of the^Trading With the Enemy Act.
by
Wintershall, A.
by Wintershall, A.^ Q., ^Germany,
_
^.
A. G., Germany,
and the estate of August Diehn.
Oct. 20, 1942,
on
The stock
and
the
jX.of $339,903
and $312,511; respectively,
over
1943.—V.
163,
185.
p.
preferred,
new
non-cumulative
American Re-Insurance Co.—Balance
non-
The
financial
is that
as
4
,</y
statement
of Dec.
31,
1945.
Sheet, Dec, 31—
published in the "Chronicle"
See V. 163, p. 1022.
.-X
American News Co.—Proposed Stock
of
Feb.
25
:
X
;
•
X Subject
held
on
to
approval
March
capital ^tock
13,
(no
'XMXX'::
FLORIDA & NEW JERSEY
a
par)
of
stockholders
two-for-one
by
the
the
at
split-up
distributors
as
Distribution—^
annual
will
be
soon
meeting
effected
as
to
in
practicable
be
the
of
J for Sale or Lease— ;'fHamilton, Ohio, property,
signed
to produce iron
ELECTRONICS
■?
Municipal Bonds
,
■
oAllen
&
ore
V,
with
sinter
facilities
to
be
costing $793,000 and
for charging blast,
used
■;■■-.,■
Compan y
Televhw
HAnover 2-2600
NEW YORK
Bell
Xxlx
XX;XX'Xf
RAILS
industrials
.v.,
...
ny
NEW YORK
STOCKS, INC.
-
DIVERSIFIED
'X,V'»VixXXX
PROSPECTUS ON REQUEST
'
INCORPORATED
4, N. Y.
Teletvne
'
| INVESTMENT: FEND
Kobbe, Gearhart & Company
'
80 BROAD STREET
,
^
Established 1922
■
; -
American Rolling Mill Co*—Government
Owned Plant
-v
DEPARTMENT
was
Salzdetfurth,
sales in 1944 amounted to $14,766,747 and net sales totaled
X; $9,465,070, the Custodian continued.The figures
represent increases
SPECIALIST IN
MUNICIPAL
,(•.
shares
issued,
4-
■,
.
m.,
were
XX'/, XX;X.,"; C:
-?
2,281,416
10,566,492
433,693
4,536
owned
:?j"Xf°r^el y .owne^
outstanding.. As a result of the redemption XX
conversions 17,825 shares of the old
preferred stock are now.out-'- ■X
standing.:;
1,701,473
11,470,895
Custodian vested the stock-in American
cumula-
company made the offer, which was exercisable on
and under which the holder had the
option of surren-
16
dering the stock for redemption, converting it
"782,778
1,950,584
:X 10,608
,
'XXX-'iX';V>rXX }X X Gross
rt'MlvAt the time the
or
2,281,416
t
charged with $933,556 for the 12 months ended
representing the tax reduction resulting from the re¬
tirement of part of the funded
debt of three
subsidiary companies in
.1945.—-V. 162, p,- 646.
? y
^
nent
6%
1,701,475
shares of stock will be received until
EST, March 27, 1946. by the Office of Alien
Property CusA todian, 120 Broadway, New York 5, N. Y;
a prospectus, questionnaire for prospective bidders, registration statement and
\i
•
,
"782,778
of
stocks
for
the
31,
19,
additional 6,550 shares have been, converted into
tive redeemable preferred
stock, share for share.
^
prior preferred
official notice of issuance and adequate distribution, in
exchange, share
for share, for its presently outstanding 6% cumulative
first preferred
stock ($100 par).
"X
x
":X'>' ;-X."
The present
Nov.
_
12.847,908
JO,566,492
3,669,317:
American Potash & Chemical
Corp.—Sale of Stock—
>"
•
,
• an
..
.-,
..
The
Since
_
13,172,371
11,470,895
1,458,491
,
income
and
ductions have
Dec.
1945, when the offer to stockholders became effective, the company has acquired 32,116 shares of the non-cumulative,
non-redeemable preferred stock for
redemption at $100 a share and
.
from
to
director of public
'
'
,
' 'X
•••?" X?X../.:'.XX;X
Airlines System's advertising since
in 1930 as American Airways.
Mr,
•
American
1,167,806
1,950,584
"410,179
reserved
refund
.
"
J
'
'
' t
American Ice Co.—Reduces Preferred Stock—
»
President-public relations.
•
inc.
to terminate
Sealed
■
1,481,887
subs, consol.;
accelerate
1196
-.Ay-..;
Vice
1,071,708
stdck
to
elected
■'
4
President-advertising, R. E. S.
President-administration, and Rex Smith as Vice
Vice
as
elected
3,373,421
com-
com.
tpe
Alien
been
'292,772
stocks;..
tin
in
■;A;equal
576,500
Airlines, Inc.—New Vice-Presidentshas
.281,118
;
.
Internal Revenue Code, some of
amortizing in their tax returns, over fiveperiods, amounts aggregating $22,130,878
representing the cost of
that
P,
376,899
"410,179
for
earned
these
on
tal
P.
} 1,265,476
11,598,331
consol.
amortization
.
American
25,935
135,046
of net inc.
Ascertain facilities which
v
1195
Federal Reserve System
49,016
51,479
9,255,920
7,215,939
.
deducts.
subsidiaries
year
.
1196
Combined Condition Statement of Federal
Reserve Banks __i.——
1196
Condition Statement of Member Banks of
1Q4t
$2,905,180-
719,562
172,259
A
299,281
,
'
-
.
from
from
4,206
'
Total
mon
1176
Clearings
600,589
24,940
X
stock..140,767-
Redemption Calls & Sinking Fund Notices_1196
Dividends Declared and Payable—
——1196
The Course of Bank
317,286
571,226
plant,
income ,;
Bal.
General Corporation and Investment News.1149
State and City Bond Offerings and Sales—.1205
Rights—
:
36,697,637
6,988,757
adjusts—
bonds
8,008,386
'
Miscellaneous Features
$3,422,150
the
January—
Net
25,617,570
Geri. taxes & exps. (net)
,-Intr. and misc. deducts. %•
f tFedferal
income taxes—
Divs. on pfd.
Foreign Exchange Rates.
Gross
2,226,354
v
.
1,481.887
pfd; stocks.—.' X ';
8,173
on
on
the
Exchange has received notice from the corpora¬
proposed offering to holders of common stock of record
close of business on Feb. 26, 1946, of
rights to subscribe for
the
11,256,392
debt...-
net
on
Other,
1,191,412
The New York Stock
at
25,300,285
X
^
14,169,059
'
sary
on
36,390,143
307,495
com.
"Loss,
893.
^Allied Stores Corp.—Ruling
that
Divs.
Transactions New York Stock
Exchange.r4ll76
Transactions New York Ctirb Exchange.—1176
2,268,986
.
2,202,416
23,938
elec.,
co. ir.
Divs.
——^-——1189
Exchange
bwcK uud joond
Appropriation to special property
tion
Stock
$4,613,562
■
11,239,053
17,339
__
above)
Inc. of
—
Over-the-Coufttet* Markets
$6,882,548
C$3,725,886
1,066,667
^
Balance
-V.
Toronto
$5,994,872 '
lC ,•*20,362
stocks. <r..
on
(as
,•
.
2,961,839
64,720
Dividends on.preferred stock
Stock Exchange
92,680 'P';". 92,680
and exp.
Other
10,o05,306
Undistrib.,. pet,
1188
—
Stock Exchange-—
—:
1192
Curb Exchange--—X—--1193
Montreal
2,473,805
■y
871,727
AMER. GAS & ELEC. CO.
1188
St. Louis
,
2,871,561
12,231,157
857,460
pfd. stocks—
subs,
-1187
Montreal
3,382,970
3,046*443
4,257,447
V'
long-term debt
7,951,594
12,419,721
and
Undistrib.
Philadelphia Stock Exchange———1189
Pittsburgh Stock Exchange————1189
13,040,169
3,462,057
33,908,140
earned
Divs.
,
1186 J
——1187
—
y'\'
292,597
3,013,967
acquisition adjustments
taxes
income
'•
.'X 1945
on
121,835.467 119,810,183
41,911,081
41,174,959
8,749,482
8,007,975
654,504
—.
of
mon
—.1186
Detroit Stock Exchange--Los Angeles Stock Exchange
:
1946
l,163,u32
3,692,808
$
688,717
tReservations
Divs.
——1186
———
Cincinnati $tock Exchange-!
Cleveland Stock Exchange j—_—
174,314
.
'
Federal
Net
x
828,167
,
10.466,233
$
1,193,029
income' L
int.
Bal.
Boston Stock Exchange
Chicago Stock Exchange—
1943
Co.—Earnings-
expenses
Provision
v;
$32,654,003 $31,971,685
Amortiz. of plant
General
1
Other
.5
—
New York Curb Exchange-—
Baltimore Stock Exchange
$1,840,026
794,329
revenue
Operating
; 'V
1944
,
$2,178.009, $1,822,894
103,597
12 Months Ended Jan,
Gross
:
,
,
New York Stock Exchange
(Stocks)
1165
New York Stock Exchange
(i4onas>4//44- Ai'i't
.
X/XX
646/
p.
1945
;
from
Net
Earnings—.
10,270,222
3,747,553
■:
404.726
acquisition
,<
vy
*
1945—12 Mos,—1944
1,173,083
funded
Amortiz,
i
Page
.
Gross
i Tnt. on
Quotations
~
Linden, N. J., where he WB3 Vice President and Treasurer.
Prior
to Joining Lawrance in
May,"1944, he had 15 years in executive and
✓administrative positions in Government service.—V.
163, p. 773. -W -*
xx
>:.V^
■
Mr,;* Bowers-goes
:
.
.
v
-v-V
$
taxes__
income
income
Other
*
the:, close
at
profits tax Cr8,252,107
income
taxes
Operating
In This
record
vote,
Subs.)—Earnings—
1,100,465
excess
■4 Other
of
■1944
$
Operation
-tFed.
and
Payment will be made
Spring Street, Los Angeles,
x
1945-Month
Maintenance
a
share;
per
share
stockholders
'
.Depreciation
1946,
each
the
Exchange, ^however, directs',, that the capital
"e>(" said distribution until further notice.™
-ftSUBS. CONSOL'D— ;
1 £PeratinS revenue __i
Federal
April
on
of
which
on
Period End. Dec. 3i-
.
end of the
European war,
•according to Ralph T. Reed, President.
The company resumed
opera-X
tions in Florence. -Naples and Rome
last year.—V. 163, p. 461,
»
holders
to
day
Stock
American Gas & Electric Co. (&
Co.—Opens 4th Office in Italy—.
resumed
company
..-opening its
made
v
»
American Express
New Official Electedurer,
share
the
York
.
m
per
holders
,
redemption
629
New
■
■?!,
^
s
/• v v 'stock be not quoted
American Engineering Co.,
Philadelphia—New Control ' v. 162, p. 3066.
Hayes Manufacturing .Corp. below,—V.
162, p. 777, -„
•
Corp.—Partial Redemption—
cents
Co.,
cash
$5
first
-
payable
preferred
15
4!/a%
6%
.
called
shares
cumulative
with
of
2—
distribution
15, last year.—V. 102, p;
The
-total
No.
quarterly
par
initial
An
Alreon Manufacturing
.
■
1.
a
Copy
a
MISCELLANEOUS
-
See
■i v
declared
common
March
Dec
on
the
on
record
have
of
together
share
one
INSURANCE
-
..
Aerovox Corp.—Dividend
The
INDUSTRIAL
-
shares
which
each
pany
The
v\
Price 60 Cents
Corporation and Investment News
Patterson, President, on Feb. 21 announced that this com¬
had acquired 49% of Servfcio Aereo Panini, a Mexican ooncem.
affiliation/ he said, will enable the latter ,;to/acquire converted
Douglas Skymasters for freight and passenger transport.
t >
York, N. Y., Monday, March 4, 1946
1-57s
Member a
New
York
X. 48 NASSAU
Security
Dealers
1
*;
AssociationX
5
HUGH
W.
^
X
STREET, NEW YORK 6
LONG
and
COMPANY
INCORPORATED
48 WALL STREET
Telephone
Philadelphia Telephone
REctor 2-3600
Enterprise 6015
,...
*
Bell Teletype
New York 1-576
634 SO. SPRING ST.
NEW YORK 5
LOS ANGELES 14
,
:
de-
fur
.
,
-V.
1945—3
Op®raSng Venues -i-
2,718,151
deplet
Property retir. &
Net
(net)-—
.other
Int. to public and
deductions (net
quisition
ROIptipo
■
.
■
42,939,172
381,856
the
that
system
575,563
23,024,119
21,748,079
6,138,860
Cr48,266
Gr48,266
construction of
Despite
5,861,087
1,401,246
4,459,841
Balance
divs.
public—
to
Balance
4,602,665
23,024,119
6,1547,944
16,198,498
16,676,175
-
retired
$20,000,000
3V4%
the
v
stock premium
$26,462,272
held
subsidiaries
per
4%
the
by
leaving
share,
31,
received
were
account.
$85,639,200 of these
Gash payments in the
1945.
conversions
such
upon
and
were
:
■
notes of the company's principal telephone
trustee of their pension funds at the begin-
ning of 1945, $21,-376,069 were retired during the war, leaving $5,036,203 tf ;:
r,outstanding. This compares with $140,000,000 outstanding at /the- end Wl;.of 1937,
'
,
.
At the close of 1945, outstanding debt obligations of the Bell Svstem
enterjmi^^um^Ove^^Phoiie ;/(
dall phases of Bell System
were $103,625,969 less than at tire beginning of the year, while capital
the system's ; Stock outstanding.' including premiums, had increased by $108,814,241. f/cy
The total invested
capital—long-term debt and stock equity—of the ■,:!/■/
f research organization, plays an essential part,?.: During Vie .war, Bell
Laboratories made outstanding contributions'/to/the development
oLg-j Bell System was $4,085,585,000,/ Debt obligations were $1,268,725,000, "?■$}'■
military communication equipment, radar and a variety of important
comprising 31.1% of the total, as compared with 33,5% at the end
weapons. -.;
WcaiJUiio.
Today, Laboratories ' scientists and technicians are again
xvua.y,
uauuiMuiK!!
;jvicjiwcii/b
anu
■ > >
0f 1944.;
Iv/i-V/kV//;/•;!'
-/vf.-'...-!-':/-ci.-y'-??--::-:.;
devoting (their skill and knowledge.to providing better communication pr
.
c.
„
.
' . . .
1 \
service for the American people'and they have many promising new
nno ot- tvf
f' ioH "} f eP^,one c°m"
this
In
an
***
♦Pfd.
Of
$140
outstanding on Dec.
$31,072,760
credited to the
the War.
21,796,345
5,597,847
6,138,860
1,536,195
\• •• '■
also, set new records In, 1945.
of
price
still
of
amount
plant,
much new
conversion
the
debentures
the load on long distance
facilities continued to be excessive.
The system is now engaged in the
largest intercity construction program in its- history and is introducing
new types of plant and new-operating methods for the purpose of
only
restoring; but bettering the service standards achieved before
16,185,372,
20,924,474
.
seryice
and long distance
toll
of
Use
29?;8231,075.924
Telegraph Co.
Telephone &
^"/During theconvertible 3% debentures American Te'ephone and Tele
year, $77,681,900 of the were converted into stock at
graph Co.'s
of the Bell
by the fact
install and
telephones than there were in air of France
put'in seryice more new
and Belgium together before the war.
39,785,054
43,748,477
4,146,904
5,812,821
,2
overair program >nd the capacity
communication servise may- be measured
expects in a matter ox months to make,
System to provide
—
10,578,587
England
-
„
^Thf 'scoJe^ofThe
39,403,198
809,305
405,987-.
of net income
res.
23,887,685
10,027,770
100,341
7,254,208
plant ac¬
adjusts——
of
Amortiz.
141,004,681,
55,965,60 /
18i400,907
■\ 9,951,381
10,478,246
13,473.016
income
Gross
yo,
2,924,387/ 10,364,820 .;' 11,720,371
-
13,105,535
367,481
revenues-—,
income
Misc.
2,582,793
approps.
oper.
Other
-
1*502^728
___r
T
Mos.—-1944
o2,8?4,843
13,907,440
5,139.445
2,444,543
13,624,440
taxes
reserve
m
frr A :.S $ .-w
34,894,06V 134,481.123
31533,647
Operating expenses
Federal taxes
-12
1945-
Mos.—1944
of accomplishment, the gain in
1945 alone was 560,000, by/far the
evidence
As
quarter of
-Earnings—
Light Co. (& Subs.)-
American Power &
Period End. Nov. 30—
*
the
646.
163, p.
Other
.
New
telephones in the last
(. mortgage,
bonds dpe in 1968 and ; sold $20,000,000 23/4%,. mortgage
»''•
highest* in any quarter
; bonds due In 1975.,' / /-' "V'-' V ' i-'
> ''
'
in
history.
Increases are currently/running at the rate of about
250,*000 a" month, or "3,000,000 a year, which" is more than twice the
-southern-Bell telephone & Telegraph Co. retired $45,000 000 3%%
largest -annual gain ever recorded.
This record-breaking pace, o( ;; debentures due in 1962 and sold $45,000,000 2%% debentures due fe'
installation work has already enabled the system to. prOYide sejyice to —ln i985.
, V
'
' i,
'h ueoeiuure® aue /;;
a
substantial proportion of the customers who nave been waitings a ;;
southwestern Bell Telephone:? Co.- retired two issues of mortgage - V ^
long time.
However, since the end of the war the volume ^of new
bonds—$30,000,000 3% bonds due in 1968 and $45,000,000 3'/2% bonds
orders for service has likewise broken all records,: so-that^ the total
due ini964—through the ^ale Qf $75,000,000 2%% debentures due
•
number of hejd applications for main service—including those just . - jn
-;;v- * :■;• ?-■..*...
r- v;'
added to the waiting list—is still very large.
By'the end of 4945, this ;
The Pacific Telephone & Telegraph Co! retired two issues of 3vA *vtotal had been reduced to 2,000,000 from the peak pf 2,170,000 reached^•
•
--w
'°
in September.
Steady reductions are expected each month, with the
emergency program continuing in full force, until' the last waiting i;
customer has been served and all telephones a.re ,onc;e: again installed ., 3,14/^ bohds, series "B," through .the use of treasury funds."
-*■
being offered for sale or lease by
War Assets Corporation.
!
'
,
iv/mi
This project was war-operated by the American Rolling Mill,
and open hearths is also
naces
Monday,' March 4, 1946
CHRONICLE
& FINANCIAL
THE COMMERCIAL
-
1150
'
'
""""
~
*
cost, Beii Telephone Laboratories,
service and to reduce its
.
,
.
/?
min.
to
applic.
Portion
22,270
11,621
31,879
45,596
4,437,571
4,591,044
.16,166,619
16,630,579
' interests -V—-—
develonments under wav.
equity of co. in inc.
of subsidiaries 4.^—^.
Net
-
-.,
Lt. Co.—
(as. above)4^437,571
American Pwr. &
v
Net
equity
Other income
'
Expenses -,698
Int. and other deducts, r
565,867
v
:
-
,
J.
.V
.
surplus
Balance
—-
requirements
i^quut
unearned.-
;+
or
1
V
,'\
1946, ,.
to $36.31 y4 per share on
Jan.
as
preferred stock and
163, P. 1022,
$6
•
service
/
mechanical
NOTE—For
order.
„.
JL2W-" Co- *»
in
stock
Co.
1941,
IS
The number of stockholders of record Increased bv. 15,884
Qn,
,r.
S £0,iS "V 1945 to a total of 683,-897 at the end of the year. Half of the stock'-
The averaee-wimher'
of shares ..held at the end Of 1945 was 29.5 with no stockholder
holders have held shares for 10 "veers or more
Of these amounts, $307407,000
of 645.100 stock; Holders less than
share of American ^ holding as much as */2 of 1% and the totalstockholders held of «ne to
five fhares numbered 203.600
100 share3 .each.
Holders of 100 shares or more each, including
amounted to $22.83, a
companies
insurance
and
manv
other
institutions
large
representing
Sr^SSlSaS^SSt^
by
excise.taxe, paid by: the mere of telephp™
.
the telephone companies and turned over to ^ Approximately 55.000 Bell Syetem employees own otoek in the
Aunroximatelv
flvstom pmninvwcin
Dudng the four war years ending with 1945, the totdl
ing
n.ii
the Bell System to the U. S. Treasury, including those
including those
.company.
the
'
_
^
taxes paid by
BELL SYSTEM INCOME STATEMENT, YEARS ENDED DEC. 31
.
collected from
collected from
(Consolidating the
amounted to more than two billion dollars.
customers,
tr\
serve
limit
provide
to
pnuill-
artrfif-innfll
nrnvirip
additional-equipbeing used:fo
emergency program to provide
waiting customers! existing facilities are
1
1
of -people even
service for the greatest number
-
-
S
•
service rev. 1,041,226,929 986,05^,887
-.j-^oll service. r,ev,r > 829,998,953 ^ 733,304,264
'Miscell. revenues-!,Yy 63,122,^95
52,962,328
,
„
_
.
5
alphabetical
alphabetical
Dr3,415,902
,
its-,
1943
1944
•
-
U
and
"
'
the American — - & Tel.. Cq.
Tel. - —
telephone subsidiaries)
1945
rn
the
'W
*
acc
'
accounts
prin
principal
SERVICE
the $5 prefer red,
it is not always
8
951,566,200
653,840,208
:/ 46.241,957
$
8f>5.97l,345
534,852,910
42,899,237
/Dr3,571,305
Dr4,460,276
452
Y..1,;J
i-V
/>
'
„r
In" addition "tcr the
to arrange companies in exact
However, they are always as nevr
position as possible.
iU
amounted to-$466,029,000 in 1945,
;
v
reasons
collected
are
ment to
possible
Telegraph
and
fcjddSS''certain
the
share
Arrearages
Net current aSSet» of the SyStcm
STO(
in 1945 Total taxes, which amounted to $lo.09toa
and^$360,138,000 in 1944 were payable
ment.
cents
the
wwe $zip»337»000^-.....
ac
.
-3nc!udmg' %
kS
i-
compared wkh $514,393,000 in 1944.
directors have declared a dividend of $1.50 per share- en
$6 preferred stock of no par value and a dividend of $1.25 per
on
the $5 preferred stock of no par value, both payable April 1 to
holders of record March 11.
The previous payments were 75
on the $6 stock and 62'/a cents on
the $5 stock cn Oct, 1, 1942., ' • .
amounted to $43.57*/2 per share on
at
1,
The
stock.—V.
^GovGTMtuotit obligations, $11,000,000 domand note of Western Electric, ■
cooperation
.
Bell i-:Tfelephone Laboratories,
the
(Telephone
Dividend—
Resumes
'Panics amounted to $445,769,000 at the end of 1945.,-Included m these ^
^hii^Hnn^tii'Eanr:L ^vestments of $272,045^00 in ■ ■
*
end
^i49i
°
cordial and effective
.Tf^ES
^
m
l'TaSen *SLithZ
•
—~
13,765,060 13,728,443
applicable to respective periods whether
run aiviaena
♦Full dividend
earned
.
339,179
3,939,720
3,929,457
.
437,57.4
2,305,623
•—
:
was
»•
-
in service at the
as coniDftred id
vear
in
of the United States.
all parts
'
'
taxes'13,050
income
for- the
oon
previous "yearSr'there
in
As
of
inrrpflst4
-on
16,810,819
16,667,661
4,641,092
87,204 "T:/ 416,008
:* 2,239,816
ly 563,603
246,777
50,565
4,586,072;
__^J.
Total
-501,042
;
.
'
.
22,445,500 Bell System telephones
were
1Q4C5
?ncreaseJo??33V700
16,630,579
y. 180,240
16,166,619
4,591,044
50,048
148,501
-.
—
There
!hf
'
.1,769,704,577 1V648,C77,060 1,469,263,216
328,345,890
298,55»9,949
"275,802,767
269,346,654
Current ma int.
or
13.2% ahove 1944.
Long distance conversations
Deprec. & amort. /
the Long Lines Department of the company increased
expense
:
205,179,332
200,000,000,/about 11.6% above 1944. Notwithstanding this
I American Superpower Corp.—Annual Report—
.
Traffic expenses.
403,275,843
i large increase in volume,
long distance calls were handled at almost
/
Commercial exps.
144,311,642 ;
the same average speed as in 1944.. Nearly 85%
were put through
During 1945 the number of shares of the corporation's first preferred
while the customer remained at the telephone and 95%; within less
(Operating rents.
16,526,834.
stock outstanding was reduced from 42,415 to 29,500—a -difference of.-;
This is not. up to. p.re-w^r standards and every.:., Gen & misc exus"
12,915 shares, made up of 12,103 shares purchased for cash and 812 :than 10 minutes. '
( effort is being made to improve it. : The speed of service on
shares received in exchange for Consolidated Edison Co. of New York,
General admin Inc., American Gas
& Electric Co., and Philadelphia Electric Co.
typewriter-exchange calls, which interconnect the typewritten word aS
devel & re!'
common .stocks!'./; ,v'"y-.y..' (-'C'''.
telephone calls do the spoken word,. was improved to 1.5 minutes, v
'
vS:
1,543,000,000,
handled
;
to
by
'*
nearly
,
200,764.183
"196,923,763
335.413,283
301,539,568
127,8Q6,786
116,921 003
186,515,933
'(236,935,531
1104.591,305
14,979,161
14,581,633
14,221,243
'
.
'
•
intends to acquire additional
of its preference stock,
themselves.
management
The
ferred
and
stocK
tunities
present
<
,
shares
.
INCOME. ACCOUNT,
.
dividends
Int. Oh U,
Int.
,
«.v
1,115
..
Expenses in issue and
transfer - of - stocks and-, %'
Profits
*
.
PLANT AND
(
13.460
'10,019
Cr290,256
33,534
Cr314,576
36,231
Dr338,385
tax
iv,
y
——
—*<r—rr-r-^
•
$94,251
' $626,963
$585,204
$1,794,252
surplus
the market
41,897,
41.961 ;•
36,451
; 1,000 '
/* Dividends of $4 per share ($190,565) were paid on the first preferred
stock during 1944, and $22 per share ($686,681), were paid in 1945.
BALANCE SHEET,
ASSETS—Investments
(market
value,
Dec.
31,
$18,527,834),
accrued
$22,782;
1945,
cash,
$158,198;: dividends receivable,
$15,250;
interesJt.on bonds, $3,495; accounts receivable (securities sold),
total, $ 10,3T3,423:/v'-_(-;Y';/7,^/;:((■/ "i/:- /;
LIABILITIES—Reserve
(other
taxes
the 1945 expendiand long (Jistance
4. / it; '
Total inc
,
In
215,924,525
8,861.783
under
the
(94 RR4
•
■
sharp"?
4
hn
<69-49R40n-
n«r)
k ,Wf-
/ year,
While Wat
year.
of many, of
'
^
still in short supply at the" end of 1945 and
Government 'control. J-C'<
Western Electric Co. delivered 1,075,000 telephones, of
the rate of production—over 10,000 telephone pei day—was
hierhest in the historv of the svstem.
"
216,017,382
P a^.383
,
Net inc. applic.
•
to
-
Amer.
tne
'
170 870 801
'
\
"
7021 469
%
6,551,055
6,815,581
6,829,528
mtn
a
rrts ^ri
a roo sob
/,uzi,4b3.
Tel.
177-057-840
169,856,561
177,769,009 ' 164,319,746
178,387,946
Divs. jei.Am. Tel. 1
on
&
Co. stk.
telephones
In addition to the
581,988
1" ; '
184 584 590
176 686 089
'
J ■
'
V 581,907
/'
^
184,079,309
-
a es, -ho pai), $3,438,40°, $6 p e_
226,754,695
9,481.8*4
537,208
486,131 •.
:
■
plant, were
1945,
c-" """ 10%
.417,468',280 372,935,917- -320,553,054-
con-sol. held by
public
throughout a -large part of the
Board restrictions governing the use
necessary
continue
20,950,462
po/? 404
257,057,273
oth. fi^ed chgs.
f-, =
.
these
■/
24,863,224
23-714-931
..
bef
materials were subseeLuentiy lifted, lead, antimony^ tin and crude rubber.
lall of whlchi/areimportant constituents,/of. ihe maj^rials^required jfor
'telephone
,
V 18.269,907 % 15.129,304
Dr26,652,262
Total net inc..
/ Net inc. apolic. to
.
stocks of sub*,
be
17,488.618
of equipment at
,
income),
than
Cr8,844.^^3
n,
etc., $14,343; reserve
3Pk
$6 first preferred stock
-
for
23,271,497
construction..
1945, .
Net oper, inc
Ex- ( Other fnc (pot).
:
to
/
A
Expenses"rh^L
t
.
investment in Bell System telephone plant at the end of . the year
totaled $5,702,057,000, ^n increase of $189,662,000 during 19^, YDeprer
iciatioii and amortization reserves were $2,p51;763,000, or 36% t of tne .
ant investment.^- - — s.
■> >:-v
j -f -..■
(plant Investment. • scarce materials, to.provide Ipr. war#eeds continued
---•
- •
•
- ~
•
« f
Conservation, of
Production
$10,113,698;
accident,
399,916^670
change plant construction, including installation
customers' premises, accounted for $165,000,000 Qf
fcures and $90,000,000 went into additional toll
/ circuits and-associated switching equipment. • I.
1945
DEC. 31,
ness.
ri^ath, etc,.x-.-%-J8,913.056 ■
FACILITIES
Total
and \
that date!/ !
difference between the sale or exchange price
value at Dec. 31. 1943 or cost if acquired after
:
Employees'
:
./cjf
all local .telephone
in pie-war years^
|
expenditures for new construction^ were $255,000,000 in
compared with $170,000,000 in 1944 and $154,000,000 in 1943..
27,152
21,935 ;
21,129
*Represents the
-
i
5,000
.
inc.
Were cleared on the day reported.
i" Sibcfi (telephones were being installed, in the latter
'-at sa faster rate than it was possible to increase the operating force,
there wa^ some reduction in the speed with which operators could
answer calls,
particularly in manual (non-dial) central offices. ! In
which grow handle about two-thirds .of
calls, service, has remained on the whole as good as
.
$539,083
-
sale of sees. '!,Crl,460,887
on
Total
•
,
$427,257
9,000
Fed.
-■
'■■■%
.
taxes,'ft/
Other
,,
,,
(
.
37,020
expenses
for
$518,463
.
1,348
619
* 5,987;20,000
40,597
35,736
rights,- legal exp. .etc..
other
,,,
"
>//i942
■
.
■
Prov.
,
$392,884
$426,237
Total (income
All
?
/
bonds
'
(
1943
$419,922
1944
$391,769
7,165
S. Gov." sees.
corporate
on
$419,072
—
1
YEARS ENDED DEC. 31
k;/'Y1945■}?;.."'>■
Cash
shares, of first pre¬
about the same as before the war.
as suitable oppor¬ ■k"Despite shortages and other handicaps during the
)lant troubles reported by-customers remained low in
% plai
171,897.507
168,478,336 V168,181,14R
'/
since Jan° * manufactured .by the "Western Electric Co., telephones were purchased
v
tl,330,106
12,040,946
9,290,673 ^ i3,861,400"
^4 884 shares—at
from other manufacturers to the extent available.
, > . ? P: Bal«ncfe. surb/.
treasury (4,884 ^ares-^t,,Addit|0ns _to ,o»e and long distance circuitstW'o 1945 •^ne.-/h-a,')f ihilhon . ^ No.-of & Tel. Co %/
toll
in
were the largest
shs. Amer./-/
•
ever made; in
year and amounted to
and
. Tel.
'?
«
*
• i.
.
'
' " » ■
$2.50 Accumulated Dividend—
/. -/;' /
■; \-9".;/:/!
/Mips, but even this was not sufficient to catch up With the 4con- %'^toekntitsHg:
20 -166 951
19 389 499
io 7q7 oo
locos W
•V
A dividend of $2.50 per share bn' account of accumulations hasEar»«. per sbare
' $8.93
' $8 89 ' ' $9.50 ' ' S8.TO %
declared on the $6 cumulative first preferred stock; payable March 30 :j
additional pircuit mLes were still needed to resort s rv ce ^ ,
♦Federal income. $iOR49« 0«5 in 1945 $102 «84 243 in 1Q44 ifct0'> 9R7«in, ]94.6., $173/627.P7«/in 1944.W*452,292 -»n 1rti3'
RR9
iLh0ioer$rMarSd3fandh June 3o" $750 each-'fep^ 29 $7 SO^'Tnd - The"1 coaxial cable network was substantially expanded. 7 This is; a '
D^' 31 $11.50
June 30, $1.50 each, Sept. 29, $7.50, and ^ fo^ ^ facility suitable for both telephone and' television transFollowing payment of the dividend just declared, arrearages on this & Jbissjob.;being f^ct, the coaxial .cable between New York and Washington Ip used experimentally by several television broadcasters on
is
#136^095,959 in, 1943 and $129,981,748 in 194$.j;..;. iDeficxt.-j^^/^^.c.A^.^
issue will amount to $9 per ,share.—V. 163, p. 646.
regularly scheduled daily basis.
By the end of 1945, 2,200 route '
-•
/. AMERICA^ T^lfphone
tft.EGRAPH CO t
'
CI
-
-
pw?)^6ftSM^OO^-^Dital^u-rplis^d^g^'i^'^aarn^^su^hw
$i
1944
1
502 210
nostf zjrAds
lfl'scost), Dr$fe03,l8 ,
1st W'eferred stoek ln treasury
total
,
$10 313 499
$ 0,313,423.-
-
^
;
.
,
.
97R.R75
-
»,
-
now
a
*
.
miles
American Telephone & Telegraph Co.
—•
61st Annual
the
As
nation
,
demands upon the Bell
sharply beyond even the
turned from war to peace,
telephone service increased
peak levels reached, in wartime. Accordingly, the-American
and Telegraph Co. and its associated companies furnis.hed
domestic and overseas communication service in 1945 than in any
for
System
/
had
been
manufactured
year; .circuits
were
Atlanta-Jacksonville .coaxial cable.
the
During
about
and
1.600 miles
;
,
BALANCE
shfft
nrr
operated
71
*
- .
11
'"^3
^ v'
-
I" ?
,^0994
2,614.840.621 2,62'» .368,232
4« S9R.404
46.O94.407
is
i Cash and deposits-/—
14,610 552
^30.078
13 1Q4.490
2«3 044 030
297 ""*£88
T«mp. cash investments/.^^
259.R7R074
route miles.* .
V
C'H-rent receivables b„/./.L.._„/.ii
10 nn<{ Rn?
23,795,776
20,902,154
Work
is
moving ahead steadily on an experimental radio relay
Material and sunulies
7,583,722
6,458,750
8,390,723
svstem between New York and Boston, of a type suitable for telephone
Unamortized
debt
disct.
and
or
television transmission and plans have recently been made for the
? "nq 740
expense.
'. 2.319.408
1,944,0.60
construction of a
similar .system betweep Chicago and Milwaukee. /
Other deferred debits
3.655,402
13,354,804
8,039,144
Prpsent indications are that radios relay
systems, as well as coaxial
cable and possibly other methods, will play an Important part in l/he
Total
3,601,077,881 3,552,250,012 3,498,577,267
extensions of Bell System facilities capable of carrying television .as j
LIABILITIES—
V
//'-:;-"";
wed as telephone service. '
■
-1'
•
'
c
i Stock Issued and outstanding,^ 2,016.695.100 1,93R.O43.900 1,87° 990.200
The Bell System is keenly a wars of the public's interest in tele¬
274Am. 428
298.139,237
339.269.679
;capital stock_,-,_
vision"'and expects to play an active role In bringing this new art to
Funded debt,,
787,544.100
728,321,100
650,639,200
the public, just as-it made possible nation-wide radio broadcasting by
«/M7
v 4r "c-b- n^rr :
.47^
providing the'wire' networks which, interconnect sound radio broad¬
Besides the coaxial cables mentioned above, other extensions of the
1,000 route miles.
These brought
toll cable network covered more than
previous
Telephone
more
coaxial cable
pver the /newly '
' ' ,
'
'
installed
' Work-was pushed ahead ■•„%qqBiTg
1
"•
,
1 *5
on the
trans-continental coaxial svstem and telephone service to Los
®
' /-ivAnge'cs over this, cable, which follows a southern^-.route,, is expected ' '^
in 1947.
/'/■ ,
. Other invests, (at cost).
Invests, in subs, fat co*t)___;._ 2,599..3(4.370
45.ffi4.940
Report—Extracts from the remarks of Walter S. Gifford,
-'
" /"
:../! %/'/.v;V
'
President, follow:
of
placed.
the total cable net work up to more than 35,000
•«
.
other year.
:
.
the system to produce great quantities
of electronic and communication equipment for the armed forces, the
entire organization swung into a program to give telephone service
with all possible speed to waiting customer's whose orders , have been
delayed by shortages of facilities caused by the war.
,.
■
This program is the first order o,f business and is being pushed with
the same energy that the Bell System organization exerted to provide
the communication services and combat equipment needed to help w^h
With
the end of demands on
the war.
the system,
frpm. large-scale production for the Army and Navy to
large-scale production for the telephone companies.
At the end: of
December, its annual production rate was approaching the highest
reached in any previous peacetime year.
Additional telephone equip¬
ment is also being obtained from other suppliers and from Govern¬
ment surplus and facilities no longer required 'in military establish- •
ments and war plants are being recovered for civilian uses,
kafge
installation forces are being Eteadily augmented and their work espe-"
clally organized to provide service in double-quick time.
The
Western Electric Cot, manufacturing branch of
reconverted
.
.
^
.
.
——
,
,
/
casting stations.,
;
j',]. BELL SYSTEM FINANCING
The year
operations
phone and
debentures
two
Deferred
wap.jpfirked by the exceptionally large amount of refunding
undertaken by Bell System companies.
American Tele¬
Telegraph Co. called for redemption its $175,000,000 Vkxjc:,of 1961 and its $160,000,000 314% debentures of 1966 and
2%%
$160,000,000 due in 1975.
sold
_
issues
of
debentures—$175,000,000
-
due
s ' • •
Accounts payable—
Interest and taxes accrued,—
in
1086 and*.
'rianwc.
and
amort,
Surplus VP.R?rvp_
Unappropriated
Total
1,
15,526,282.
53.817.734
70.629,364
19 *n9 pos
r'^dit.s
reserves,!
^^_
■surplps,',______
—-
cnn
33,885,532
7..660 901,,
r
8,680,320
62.488.691
9
*"9.687
294.877.967
205.063.533
IB* 5.6.3.,670
60,817 757
62.762.757
62.769.7.67
173,196,750
181,725.241
190.613. |8I
3,601,077,881 3,552,250,012 3,498,577,267
;
ItAifi CtW AV*MffM«b '<«< MtqMMf. ^
Volume
Number 4469
163;
,K--:i\'vl';>>
,
>$i •-vViv-v
'
-INCOME
-
Tn^-r,
ACCOUNT
Toll service
\'y-■'•--•
•>
:ii,;..-•.':-i"-■
'•
V-TTARfl
YEARS
n/iTTJMnAP
CALENDAR
FOR
vp'f Vv •>■'>*i\:'.
tTOMPANY
\ COM FAN x
-'been
ONLY)
1945
1944
•
line
v^v-V-;.
'.y.V ' '■"$
Miscellaneous
H'$>600,457.', 8,170,119 '; 8,091,626
revenues-
•^ iUncollectible-oper.
Dr622,071'
revs.-'
Total
maintenance
36,261,966
5
34,300,381
199,441,190
28,506,486
;
25,649,289
expense
Prov. for employees' service
pensions-
•
Employees' sickness,
'
-
v
3,163,924 '
•
*.
■
.
Cenl.
and
miscell.
y
Exps.
,
V'",
'I'
-
Net
—r
1 233 272
9,113,bo*
38,689,296. 24,377,845
Cr685,496
Cr463,755
18,079,000
18,585,000
557.505, an increase of $24,183 717
<>618,990
to
18,776,000
.
,
.
10in1QW,
.
„c
Dr377,87«
ioR977 K74
22,257,999
&3/,J.bb
,
—
124,911
;Net
income
24,126,101
;
Surplus
'
and
common
Net
The
'
1944
over
before
preferred
Federal
rimnnnfe'ri
taxps
dividends
B
share;
slock
B
■
$S
of
result
a
the
through
which
extra ^dividend.;of
an
19,389,432
20,166,251
share
v; payable
, ,7
55,14/,20-2
plam
continued
-
the
.
"■MM
the
0t,onav,in
release, of
tv»n
available
the
further
.18,686,794
$8,72
18.797,202
$9.00
-
continued
(basedi
to
annual,
.As a
jeportl'for; 1945,'; Mr-. Hill' mdde ^
..un.
—-..
that,: .while
current
t
•
production
an
excess
surplus
taxes
; -which
of
tax
profits
-
earned
excess
profits
and $588,146 in 194r4," with
by $15,678,072 in 1945
increases in net operating income
deductible from
were
amount .of
estimated
the
credit, such reservation
§ Provision for Federal
.tDeficit.
reserve.
$1,945,000,
reduced
was
corresponding
the" company's sales : volume. so farin- 1946
full weeks), both in
dollars and in quan¬
increase,
/
continued
to
show
substantial
increases
such
by
being
of
reason
but were in the
taxable income
{K
■
-
Sales,
of
5S?tort^t tod^ta«#VlStSS SWwiS IfStaSSS
wholly
Cost
•
■
-
+
owned
,
domestic- -stibsidlaries)'r';
§1944
$
less
stock
the date
1945
to
•
of
premiums
of
of
"
Likewise,
tax effects in that year.
eimilar
oueratina
nivs
^ L
profit
45 390 no a
$100
and
off-
tn4ma
mntai
Invests,
in
subs,
not
I:
consol—.
in
ed
owned
majority
"0. S. tax refund bonds
>
1.613.433
1,613,423
,
27,827,276
: 5,730,086
—
>
24,999,457
;
J
57,589,770 ?
59,742.697
i..-
575,000
55,787,121
v:
war
61,032
,
-
94«
50,716,605
:8,209,729
for
16,121,899
'15,372,728
15,005.529
Other deferred debits——
20,710,741
V-20,644,300
lri9Q'hBA
:
'
shares
(
...v
'Total?
,/*' WH
all
to'conform
Electric
Co.
to
shares
held
made
by
the
the
of
this
until
cdvidends
;to
company have been
its
liquidation
by
holding
provisions
stock
common
company.''
This
action
such
been
has
company system
of Section
11
of
plans, wi'l
■
,
i-v.
,OU(6,iOJ
19,902,189
1,968,600
on
w.
'
.
«6,U01 /(ji
22,534,201'
3,161,982
early
in
OP WATERWORKS BUSINESS
company
and
of
the
amount of open account
indebtedness owing by that
American. Waterworks
Holding Company will retire such
„T
44.0OU. iUj
22,339,793
.
,
'
Waterworks Holding
Company will amend its- charter OU as; to
so
LC.1,
for an authorized capital stock
consisting of 5,000,000 shares
stock (par $5) convert its
present 6,000 shares of common
stock
(no par); all of /which are owned
by American, into the
same number of shares of
common stock of
the par value of $5
per
share, and change the name of the
corporation' to such name -as
shall be determined
by its board of directors.
:
:v ;v
;
■
...
0
«
-**
MA«*V4*U
AUR
UUWI
common
/A\
„
3,-161,982 t
ri^'icc^co V;^'
14,566,458
;;
14,566,459,
;.
2,173,723
4,481,995
$3.69
^
of
*1TT
......
i.
J
1
»-r
V.
*
■
'
^
...0
——.....
amount<
t
■
'
I"
•
.ouuv
dixvi
4
'
JJAiva(.tjiy
Y^.iSfU! a"d at
se!1,Privately
trust bonds
r
Cash $15,000,000 10-year 3%
4,481,995
$4.32
.$3.74
and
(5)
4,611,352
OCA
collateral
their
for
lur
principal
,
debt
(6)
'.u^t -i$4.28
-
-
,
American
will
transfer
to
Waterworks
-
Holding Company Amer-
lean's Interest inv34 waterworks pi'bperties and the
4,471 shares
Preferred stock of; Community, nov^ owned; ftAmerican^'
retirement
6,765,557,026-6,548^361,704 6,313,256,718
Ho'lding Company will pay off at itr
principal
.accrued .interest .its present bank Joan of
$180,CO J.
-
4,481,987
.
Waterworks
f amount .and
.hp;;'
4,481,995
,
$1,860,000
n
4,805,760
-y.y.' ■■■,
,
corn-
post-war refund
-
PLAN I-SEOREGATION
~
,
surplus
(par
Earns, per sh.
♦After
ir
then
be
unpaid
this
STSLA
.......
19,697,066
commpn,; outstg.
$25)—
—*
'
«
Co.
not
may
^provide
-1——
250,000
possible
income—Y
Balance,
o,CD9,i4j
;
73,797
loss—.
Net
43,188,654
2,389,088
,
(3)
78,406
566,484
Material and supplies—-——--
stockholders
Electric
and
of
complete
that public hearings with
respect to the
the' Securities
and Exchange Comttiiss 04
before
to
-
65,263
receivables.
prepayments. of- rents, taxes,
directory expenses, etc
will
.
■
•
-
cr44t,,J48
Krr'Aol*
Unamorti. debt disct. 'and exp.
accrued
liabilities
for,- it
necessary
expected
1,986,222! ^
IS ,SM .25K
■'
Cj-434G27--(7r24fi
,161,982.
v
89,355
;
353,595
65,221,753
t
,
is
held
of
tProvision
*
.
•
other. .inv
575,000
^
plus
the
plans, this company wlli pay
all of its outstanding pre
the liquidation price of
thereof
$175,000 principal
'
.
the
sidiary companies in the American System and will
result in American
having outstanding 2,343,105 shares of common
stock, all of which
wi V be held by the pubUc.
;
v.
■
,
;
,c
1,941,047;;;; 1,966,282 ;i- (2) American will make a
capital contribution to Waterworks
Ilold3,616,7662'V 3,787,375 g ing Company '(now called American
Communities Company) of air of
421,4210iV* 603,507 >. the 5,000 shares of preferred stock of that
km 2i«
1,'653,218
4,483,779
345,187
2,131,171
Adj. applic.to.prioryrs.
applic. to
L# intere v, w
k
Minority interestReduction: in ; value ;of
Reduction;; in;
;
3,773,327
54,605,327 ?
—.——-
After
common
Penn
retire
N
.1
,
cash
-Current
-
25.801,322
:
49,422^938
;
-
•
cash
"Temporary
'.Special
com
investment
JP Afnerican will^pUrchaSe from West Penn Railways the 53 shares
of common stock of American owned by that company. Such purchase-will eliminate all holdings of American common ttock by. fub-
; ;
^
J S
|| -"--g-*
.
Other investments——
,"Sinking funds
: :
1
61.°08»220
233,367
1
5 ^87 T89 748
'
——-
.
:
054
"1
subs, not consol. in ^excess of
invest,
therein
v
^5
2
199,731,480
203,035,887
laa,xsuj.ujo.uo <
193,966,053
198,96d,uoj
-
•
..Equities
thl-
their
^-
"""
,356
H
be
West
AprlL
■
1,278,63^-1,475,495
269,522
.
De?r&ti°n
Depreciation
•
be
.
will
share
per
provided
its
will
Act.
It
nn"' g,' LIa
nno
6?'002,011
1,199,052-
•
.4o3,8T3-,
^
■
47 na, ncr
t'2on
1,391,529
—_
:
^ 7fi9 (Vifi ^^7
under the
to the holders
payment.
West-?,Penn
as
The
the
§1942
$
,047
\
of
^
§1943
The
taken
228,411 485,587,722 467,420,093 381,143,^84 V
g J,1'•Jjjt. income,.
Other income..
witji
and
other, charges-in connection
there ;is included in 1944, $588,146,
redemptions,-
.setting
e.en- and admIn- «»»•
•
$15,678,072, representing a portion of the items aboye referred ;
to offset their tax effect.
These items comprise princi-
$18,443,429
^debt
stockholders of
common
"
sufficient
T)allv
com¬
businesses
^ ^ ^Ml0lUxV
P **
the
,c
distribution, however,
discts., etc,- 557,557,505 533,373,788
529,422,104 442,152,203
sales, • selling,
:
of
Miscellaneous deductions from income include
•deductions irom income.
•
(Including
.
§1945
v
items
nature
*
,*
-
in
company
uo*u.ng
transportation
the opportunity of continuing
by paying
determined
the
over
.
"
intermediate
and
gas
action
filed
now
par, or 1«
ferred
CONSOLIDATED INCOME ACCOUNT FOR
CALENDAR YEARS
>
.
!
electric,
?ff its stock
outstanding debt'.and'
•
costs
on figures for seven
oi cigarettes,
tity
the
information
'
$8.54
$8.66
fBefore-reservation
unused
waterworks
tins
right
of
.
ta5
separata; holding
ox
be evidenced by transferable subscription warrants to te
distrib,
^ ^ the common stockholders. Subject to the obtaining of an
order of the securities and Exchange Commission coniO.oiJrig to the
,f.Requirements; of the Internal Revenue Code, in the opinion of counsel,
^ the, distribution under, the plans. of such warrants to. and thai*
distributing to
debt.
of
a
liquidation
waterworks business through the purchase of snares
of
..common .stock' of the new, waterworks holding compan>.
T.iis
March .1,. on. the common
With
J;
v
«
_$100)
of
segregation
System into
proposed
the
;1945,; the board, of
cents'^share on the
25
Un£ler the
f
filing prices' of cigarettes; throughout
directors, has;; voted
the
is
the ; pany will be afforded
I am gratified to report again that
company's -sales volume/ both in dollars and
in. units, was die
largcts in our history.
As . a result,; despite
increased'costs, and un-
v
It
•
l^ns to provide for such
■
;^"production .,which
the
eventual
the
and °l>er"
.,rV:
on
for
and for the
the segregation
of
program.
Such plans do aw provide
such
action
as
will be necessary
in order to comorxu to the
provisions of Section II of the Act
the holding company
system of The
West
Penn
Electric
Co.,. which
is
pany
y'■
-
limitations
provide
present. American
system,
jfor
$19697org
was
compJhy™ ComLn ^fcommoi
tm4tJ>a
common
a:;
filed
now
of
company
in
the
plans
properties
trough the greater part of 1945,
.
1073^'
iu/.juo
52,428
J8,731,893-
$6,747,718
14o. of shs. outstdg. (par
per
.Annual Report-
-------
1
Earned
oil
'fNotwxthstanding
.
petered ..-_t 178,367.948 171,897,507 168,478,336 W.18M46
Dividends
filing of voluntary plans, rather
awaiting the institution of compulsory
proceedings.
by the Commission as authorized by the Act.
v^onun^Ung on^l945^,9g^a^^^ Ws^teraccompanying
;
-?
President»,;states- ;
24,441,550
120, m
.Net income
share
per
.
(net)
expenses
reorganization
holding
requirements
than
.jMjg £***ufac^l S°ck
^ ftiipp es at D.c 31, 1945, amounted to $334,452,741.
:
-
109 777 656 -187 582 749
^2,987,149
121,099
deductions
Interets
/ Amort, of debt disct. and
*,
,
l
T° ^ net earnings-- 194,019,326 186,277,674 W?,777,6p6- 187,582,749
-r
1
•
•
,
sDrib,267,971 Drl,333,ll§
(net)
reopening of radiotelephone
program to connect the United
controlled.
,4,135,680.., 5,1^,46^, :6,^58,37-
interest-revenues,^;^ 4,591,394
WV.
WisceU, (ncn-oper.
1)er
31,137,891
27,598,719
*$3.69,
Por the pteyiou5 year
,
23,865,323
$16,771,000.
or
.
40,042,433
the
the
sales volume
S23.340.000 «41,99B,000 33.195.000 .<0,0 .Soo ,
10,053,635: 10,123,337-. 9,905,178
8,973,»b7
v,
of its
r
with
■T;
^
+1: Divid-encls .revenue,^^yl65,G53,470 159,599,787 160,390,342 149,049,318
r,
announces that
Berlin on Feb; '
company
The annual report of the^company and consolidated subsidiaries,
stockholders ,Feb,;; 28, discloses-th&t,iriM945: the company
>4reach6d a new record for
111'264
^^'iii'^?
19,255,743
,,
at
-
.
.
Files Plans With SEC—The board of
directors has caused
to be filed withrthe
Securities and Exchange Commis¬
sion certain plans
designed to effect a
m
Alabama Power -Co.
satisfactorily.-
American Water Works and
Electric Company, Inc.-—
,
Ad'
-
•'WVv
1 094 303
14
20,848,923
Cr403,884
20,216,000
income,^:
oper.
125 404
J
38^. 10 991 275
7/700,300
xu>yyJJ->^»2
construe—i-•
}:*$■ excess prof.
-Qjihcf. 10.XG<*■—
o4? 024
7 785
Federal income taxes—
chgd.
progressing
1151
power
Electrification
this trials-,
nmrrAMtriB #oHcfm»tA»il»
are
American Tobacco Co., Inc.-
exps.
y
ar«
1,593,241
ac-
S:death and other
A™"® rents^~~rr:-r,;
Operating vTn't;
.
Both trials
trials
rural
a
......
The
-
"'
•
System ,and Rural
cooperating in
163, p. 1022.
<
' 2,061,111'
2,795,661
"Roth
over
company system in order to comply with
of Section 11 of the
Puoiic Utility
service with
21, the
Holding Company Act of 1935.
The board believes that
f : States by. telephone with eight German cities in the American
Zone
such conformance can best
°f Occupation has been completed. Service with Frankfort and Munich
be obtained and the inter¬
V* ■; was opened on Jan. 10, and since then Heidelberg, Nuremberg,
ests of the
security holders best preserved and pro¬
Bremen,i,:
::#,Kassei'..and. Stuttgart have also been linkedto the
United States.— 1" tected
through the
24'236il20 22!793!688 21,649,923 19,937,509
expenser<>c Wr,RO-'«iQ
TrafTicTnd nomnu'expsif '28,'120,606 42,271,507 35,404,758 19,433,073
Depreciation
Depreciation
being conducted
Bell
are
»■
'
,v
—
233,896.054 229,051,859 209,575,761
revenues-
oper.
Current
is
Radiotelephone Service Opens With Berlin-
£>r919,000
;
teat
Ark.
engineers
Selma, -Ala.
Ala.
6,644,643
Dr946,035 ;:'Dr892,500
:—
public
Jonesboro,
near
ReJmo
License contract fevs,—25,335,861
■'
=
A
A similar -test -is under way jointly
with,the
r',r "
'J
200,581,807 198,610,965 180,982,402 174,7^3,847
23,216,810
21,494,237
18,991,700
revenues
*
.-.resumed.
>/ministration
:
v-i-v'Xf'V-;.; '."v. Wr? # % ^■••^.>7/^V'
't'
■/': ■.>'
THE COMMERCIAL & FINANCIAL
CHRONICLE
of
^;"-xiabilities—
Capital Stock (A. T. & T.)
I "Premiums
amend-
2,016,625,100 1,938,943,200 1,
-
capital stock—
on
329,269,678
such
298,139,237.;
as
....
Subsidiaries consolidated:
V'"'
j
to" it
Common stock held by public
Pref. Stocks held by public—
Subsidiaries
'
88,590,900
,
*
Eunded debt (A. T. & T. Co.).
?
f~
*
17,904,300
88,589,000
17,904,300
728,321,100
,
650,639,200 '
such
payment, (i)
debentures of
to
provide
for
the
pre-
and
Ohio
Cities
and
SSV™r"nt1SllwS 01 ^
--
Deferred credits
33,288.902
(iii)
Water
to
Corp. as set
adequate
reia'.n
S
-&«£■»*;
-
:
fo'SoS?
10.m^
9,90o,bfa8
the
V. 3.026^49
Mortgages, note* receiv.,
.
.292,253,877
XMgm
14,369,794
subscription warrants entitling
to
purchase from Waterworks
Holding Company a
2,343,105 shares of common stock of Waterworks
Holding
.^Company. The price at which shares of such
........
31,982,214
^
5
toOr.2,598399 ::W
•
be
5
10»«8|79 ;
>.
^
"88,955
—7
nrt,„n*
holders
total
of
common
purchased upon exercise of the warrants will
be
amendment to the plan.
\
y
v;
Assume the liabilities of Amprirnn rplntprt to tbo
an
989,323
stock
may
specified
-
?
,
Deprec. and amort.
-V Contributions
,
of
^
Vtntemt accrued
1;
making
payment of the publicly held
Community Water
Service Company as provided in
Step (11) of Plan 1, (ii) to provide
for the
cash payments to the holders of
the publicly held
consolidated
37.M6.38T
:
the
"Notes sold to trust, of pens. fds.
Accounts payable-^^»—m
'
aftelr
available
oMof.c
in
•'
oy
hoinn
,
,
Surplus applic.
"
*'
wplua
T.^fc
applic^tortk^orA"
T. (surplus reserved)—
Unappropriated surplus-—
0>x*0'0" ;
70,069,2*8
289,241,153
70,679,268
^
69,459;921
'■AAJCMi
300,656,801
.;
^ JprfVrnmeihnVteSUl:>'
^ trnS"^
trademarks, wiL°W^d
god'will,
es------:
" §n
Brands,
306,670,532
1,356',021
877,444
1,2.70,398
;
t--t
':y54;
,099,431
Waterworks Holding
^
Total
y;6,765,557,026 6,548,361,704 6
' Total
.
of
483; 509
'
«;;SSS'ta ^ A' X; & T- °°- df
■
'
v
*
488
'
r
; Preferred .stock';($100
UAByrjES-.
latest gan-
■
-
463 325 986
'
-
52,699,700
par
52,699,700
40,242,400
Qfin
78,354,800
831,250
90,958,000
97,251,000
.
Announces Rural Power Line Carrier System-
;•
The
comDanv
on
Feb.
27 announced that
a
I
:
Common stock
| f/0 bonds
rovalty-free license under
B
($25, par)
40,242,400
-.778,354,800
-
maturing Aug. 1,
J951
'
831,250
000
000
»-^-The8 development Tknown
the
'iover
^SSl'SZi
transmission
the
same
as
of
line
the
rural
power
line
carrierAccounts
:"Wth;'^ephfli»«;.$<mw|»a^«aWM^rtC.;
and
at the
be
same
time
is intended
J^dnyy
telephone^
;V.yy-:y-■
electric power
"Wires.
v-.;.
'
lines but
-
,U,
,
Rural
power
line carrier is
one
'
Independent Telephone Association, announcing this, Keith
,h
"Vice
President of A.
T,
S.
&
Deferred
;
States
•
,.1
..
from
a
central
office
frural customers,
of
a
telephone
company
to
the
including:service line eUstOmers."1
Development of rural power line carrier
■war.
Preliminary tests
was
premises of
its
undertaken prior to-the
idertaken
wer^ interrupted by the^
war
The Commercial and Financial Chronicle YRpc
tt
and
<a
have
new
i-.if-73,098,729
1274.7^:^ -.^yyvy,.-s Ih
•
iv,c
■
,
American
American
; The
the
,
Woftiew
woolen
directors
7%
y.--
and
t
\
) -i'
nenfroi
y
a:
201,526
71,130,129
«
'
20
declared
011
a
t
j
■
of
" able March aft to holders* of record March"
able March 20 to holders-of ««./)
5" Pavments
r-tiviuciivB
; in 1945 were as follows: March 15 and
June'1A «s? rarh*•
and
Dec
9A
24.
«t«
$8.
Arrearages,
.
after
.
0
-
;
,
..
giving
„
.
effect
clared, will amount to $58.50
per
-
x.
—
—JBB
i.
S2 each
** ftacn'
;•
to payment
.
.
of
^ 0613);
the
of
time
Waterworks
such
offer
to
share—V.-162," p,
'
.
the
.
j
made
I.;:
liquidation
preferred
tick)
-The. number
Commun ty a i
shares of cobunott
of
which
otherwise
of
bo
provided
stock -of
Holding
to
the,':pI»^Uv.^c^A-Vvt'.v*v.'■; 'V
;>~y
Waterworks Holding
Company will offer to\ the public
Ohio Cities the
privilege of exchang'ng She'r shares
shares, of common stock of
.
prie'erved;,%
Waterworks
market
the
such
value
cash
public
at
($120
the
time
preferred
of
•
the
of
so
Ohio
offer
Ohio
stockholders,
to
(10), Waterworks
shares
of
American
- j
its
on
Holding Co-*-c*h^ ha*'ing
is
made
Cities
of
Ohio
of shares of
be offered
Cities
will
subctantially e"nal
preferred nrrki which
Cities would ctherwi e b2
Ohio
of
liquidation
The pumber
Company
stock
such
share
per
receive? upon
_of. pref erred
of
"'S
Holding Compan' having
substantially equal
is
Community^would
the
upon
Flan
of
step. 14 of Plan I.
<:
V,-
stockholder -of:
Citie
common
as Provided -in
stock of Water-
>
in
be
exchange for each share
specified in an amendment
">
•
Holding Company will issue the aggregrte
common
stock
offered
to
subscription warrants" and
the
to
common
holders
>;:■
number
stockholders
of
publicly held
preferred stocks of Community and Ohio Cities in
exchange Tot their
of $2 per share
on;?^^ holdings.v;.Dne or-more of■ such offerings may be -u«de?wrltten-and
accumulations
paythe shares not issued under such warrants or exchange ofibTs will
dividend
account
at
receive
12
i.entitled, to
Co., Inc.r-r$2 Preferred
Dividend—
stock, par $100,
to
Step
for
a
.
954,563
•
stock
common
$22,709,030 inl 1
1944™;;-'to the,.pian.-;^;'v;;::':'i•?
on
un
this
Rpnf
Sent
bept'
-
dividend
be sold
te<up
19
12
ll-
"
$4
'
just de-
3066.
William.Dana Seibert. P-esident: William npwfDOffice) William B.Dana Company, Publishers 25 Park pi9Pfl
offices: 135 S. La Salle St., Chicago 3 Hi
(Telenhon^twice a week [everv Thursday
as second-class matter February 25
1942 at the
^
1 Drapers' Gardens, London, E. c England
Canada,' $27.50 per year; South and
aJP08,4 offlce at New York, N. Y., under the Act of March .1
NOTE: OR
rcooS 5. +
y
common
& stockholders.:of
^hyyi' h ,yyv;.
_
1
"ito
Feb.
on
preferred
of
—f—-r-——P';>i^"Vworks Holding
.
"y
* After depreciation of $24,108,003 in
1945
V V. 163, p.
'
*
:
105,154
each
entitling him to purchase one share
Holding Companv with respect to
Company so to be offered in ex-haaie for each
yshare of preferred stock of
Community will be specified in an amend-
,
1,916,250
v32,870,330
——483,509,488 463,325,986
be
far as Bell System" patents are involved and .td
sell,.it for use fn the
United States for the purpose of extending telephone service.
directly
954,596
distribution
warrant
Waterworks
~
^•':(9»
5,793,000
:
—
.yTotal 3i'—
,
.yshall
J,, in
790.496
27,438,695
such
a
cash-($135 per share of
Community
public preferred stockholders of
entitled
6,284,164
956,544
income
such
------Dri8,177,987Drl8,177,987
':
McHugh,
T., also stated that "at .the same time we
prepared to extend to manufacturers in this
country' a
pToyalty-free license to make such power line carrier apparatus in so
,,
-companies!
Surplus Treasury stock
;.-As soon as developments and. field1'trials now under
way have pro¬
gressed-sufficiently, the apparatus will be manufactured for the Bell
Telephone Companies by the Western ^Electric Co. and will also be
L available for sale to others through the Graybar Ele'ctric Co.
c
«i- v-'In a letter to Mr. W. C. Henry, President of the United
!
Minority interest
telephone
•
to,.subsidiary^^
of
the
1,226,367;^inent
5,819.238
etC.-^.r^
redeemed-_^l.--l^—
Debentures to-be-
a
of several methods the Bell System,is?.
£ perfecting for use in attaining its objective of extending
service to a million farm families
witl/in the next few years.'
•
-:
790,496
Provisioh for
advertising, taxes,
no
shares
market-value
a-
to
Waterworks
1.152,873.
payable—
; Acc0unts: payable
for
for
,
--
000
Preferred dividend
declared.
f>,-
stock
common
* each share of common stock of American held
by him.
.3
(8) Waterworks-Holding
Company will-offer to the public preferred
;
stockholders of
Community the privilege of exohangiig their shares
'
K
"-t
-
-
Cbmpari^ta^purch^'s]^
that company,;; Upon
American will receive
-
54,099,431
'
to underwriters or otherwise disposed of,
....
i
(ll.>
Waterworks Holding Company will deliver to
C-mrr-mitv, jn
r.eturn^for Community's promissory notes, the $169,SCO of
debentures
of Community held by Waterworks Holding
.
amount
w™
sufficient,
x" " »'
(Ke'neraTnewn"nA^o?"J^f
together
—z;
with
available
Compan* a-d
funds
of
cdsh m
Community,
—
I ,?erbei? D* 8elbert, Editor and Publisheradvertising iasuel with a statistical issue on Mondavi r*th£
<
^ Smith- Copyright 1946 by William B. Dana
ComS pftB2 heL
■
an
to
.
-
& FINANCIAL CHRONICLE
THE COMMERCIAL
principal amount and accrued interest, all of
of debentures of Community and to provide
the payments
Lv> ine public preferred stockholders of. Community
set
lorth
in Seep
12 of Plan I.
Community will letire all of
debentures.
.;Y'-''Y
/
redeem,
$2,5ou,5o0
LIABILITIES—
the
for
as
its
the
common
of
investments
Other
Contribution
have
public
respect
$120 in cash,
With
sain of
receive,
the
them
their
exchanged
not
will
the
fi)
liquidation
Capital- stock
Waterworks
II—LIQUIDATION
PLAN
1
the consummation
will proceed to liquidate its
Upon
(1)
..
and
of Plan I, American
affairs.
' . Y* ;. >> •
>
•
,
holders
the
of its
board
stock
150
$0.71
26, 1945
—^44
25, 1945———
4
149
0.35
0.15
148
0.35
0.15
26, 19454*.
0.35
0.15
NOTE—The
;
11 of the Act.
BALANCE
Y\
Y■ ASSETS—
,)
•
SHEET
AT
AS
from
Net
ry.
" ; 1
.
v!
t, /
VYPYV- Y':.5./-
Investments and advances:
*
'
•
subsidiary companies
Open account advances to subsidiary companies--—.——
Other security investments——4
——-
'
^
Total
vYYY -Y
■■■■'
for
,
.
Accounts
••
_—,
"*")
Total*—.
-r—-
—
FORMA
PRO
ENDED OCT.
31, 1945
.
s
»
\
f
r</>
,
'
>
,
'
I
^
;<
99,714
51,843
59,653
t
lU(•(
,
f.'j
:w
^
'■»•> j- '
•
Y
;.
Balance
Income
——4——
—
applic,
■■ ■
■■
—
—
amounted
1'
1944
v
\
y1
R,
*•
Holding Company and Subsidiary Companies)
ip
and
-
Receivables from U.
on
hand and
-
>
p.
reserves
—
Coast Line
Ry.
—•—
accounts receiv. incl. accrued rev. unbilled (after
for doubtful accounts receivable of $137,624)—
—
0
V.
charges
$5,349,065
$6,255,239
1,000,000
3,760,250
:
330,909
601,553
as
Y
of A. B.
RR.
& C.
Co.-
.
163,
Y Feb.
will
21
as
pacity.—V.
President
Vice
Insurance
continue
his
163,
years
Co.
and
Percy
of
trustee
a
Craig
G.
this
the'
with
895.
p.
service,
under
association
poippanies'
the
companies
an
;
•
retired
company
pension
in
Petrec,
recommend
President,
the
to
and
has announced
stockholders
two-for-one
''
''
-Y
Y
2,433,498
"
'
i ''
'.
1
'
.
,
Y
•
•
'
Y
•
•
~
r
„
.
voted
of the
,
1945
•
1944
'
$1,114,640
$945,827
673,256 r
497,761 •
Y 299,482 ^
279,004
,1946
$1,249,540
;" 799,632
183,036
1943
$798,378
468,773
,157,259
:
;
$141,902
$169,062
$172,346
Y
Dr5,752
Cr5,537
Cr6,678
Cr2,439
Dr478
$93,422
$128,512
$126,533
.
(net
:
for fxd.
—
„■»'Y.—
$237,823
debt-
45,031
iii®!#! 14
debt-on
$192,180
647.
to
has acquired
announcement
an
control of Republic Industries, Inc.*
to stockholders on Feb. 24Y It
made
leading
industries.Y Customers
transportation
and
agricultural
include
companies
the
In
'
Jacobs Aircraft Engine of Pottstown. Pa., manufacturer of engines
for "airplanes and automobiles as well as a new and improved line of
hydraulic
equipment
for
builders
of
farm
and
material-handling
'-Y.Y-
equipment,
•
including the machine, tool
Y
industry. '
Y:
Kermath
Manufacturing - Co.. of Detroit, Mich.,
for-the last 35
of the leading makers of marine engines including indus¬
trial and stationary engines.
':-Yy.
Y-YYY-YY;
Geometric Stamping Co. of Cleveland, Ohio, organized thirty years
ago. fabricates a line of specialty stampings, principally for the auto¬
years
one
trade
for
and
furnishes
stampings
for
equipment
office
as
well
washing machines and many other appliances.
Porcelain
Steels
of
Co.
Cleveland, Ohio, produces fabricated metal
products in demand by construction and other Industries.
The PermaJack Corp. of Cleveland, a wholly-owned subsidiary of Republic In¬
dustries, is a sales company which markets exclusively the products
of Porcelain Steels.
■■'
-Y'YvY-Y"
.
exclusive
contract,
the Industrial Hydraulic Corp* of
designs and distributes industrial hydraulic equip¬
ment manufactured by the Jacobs Aircraft Engine Co.
The Kermath
an
Palnesville,
Ohio,
Manufacturing,
Ltd.,
of
of,,Barium Steel Corp.
dustries, Inc.
v
'.■■■ ■
Other
producing and
Ohio,
Co.
Steel
Corp.
are
Tqronto, Canada, also comes under control
through their affiliation with Republic In¬
v .
Y
■'■
manufacturing companies controlled by the
.
the
Barium
Steel
&
Forge,
Inc.,
of Canton
Clyde Iron Works, of Duluth, Minn., the Erie Bolt & Nut
Erie, Pa., and Globe Forge, Inc., of Syracuse, N. Y.—V. 163,
the
of
> p- 647.
.Y;
Y
,
Bassett Furniture Industries, Inc.—Registers with
-*1
-
SFC
The company
on Feb. 26 filed a registration statement with the SEC
of common stock, par $5 per share.
The stock is to
purchased from W. {M. Bassett, President of the company, and is a
for 30,000 shares
be
revenues for the month of December, 1945, were $25,decrease of $4,435,050 as compared with December, 1944.
Qperating expenses for December,'1945, ' weke $42,212,789, an in¬
crease of $14<707<?73, which is the result of charging
into December
accounts $18,571.^5,, the remaining unamortized balance of defense
portion
projects costs,-h-iijg} made necessary under the law by reason of the
p.
a
Indus¬
country and
largest
this
v
authorized
Operating
367,152,
~
,
:•
ca¬
Baltimore & Ohio RR.—Earnings—
f-
it is hot atwayt
rtasona
Cr3,024
other
162, p. 3066.
-
%
the
Barium
are
s
':YY;-Y., YY Y
:..;r :.<Y - -ArY-^-Y ••v YY. Y
'
The companies now taken over by Barium through Republic Indus¬
tries include:
YYY:!Y':1'--YY YYY'Y:Y:.:Y.'Y
Y
Y
' v;
'Y..
the
change In the par value of each share to $10.
The
be¬
change
Cr2,374
and
A
split-up
The
>
$266,872
,
p.
abroad.
on
that the directors have
a
present common stock, a)f which 210,000 shares
and 178,200 shares outstanding, is of no par value.—V.
and a
,1
controls
trial,
Y
-
common
stock
counsel.
acquisition of Republic Industries the Barium Steel Corp.
ten
operating companies with two plants in Cleveland,
Ohio, and plants in Canton. Ohio. Duluth, Minn., Detroit, Mich., Erie,
Pa., Syracuse, N. Y., Pottsdown, Pa., and Toronto, Canada.
They
produce materials and equipment In demand by the automobile, air¬
plane, agricultural equipment, housing and construction companies,
plan.lw Ke
advisory
Ohio
.
With
!
/ Barker Bros. Corp.—To Split Up Stock—
■!. to
consulting
163, p. 895.
,
of
&
the fourth
motive
45
Baltimore
the
debt-YY-7~iiY-!
Under
than
of
has been General Counsel
who will continue his con¬
Br31,423
now
• i; •
y'y;Y'.,
Atlantic Mutual Insurance Co.—Trustee Retires—
more
and
acquisition made by Barium Steel in the last 18 months
under the corporation's policy for expanding in related and diversified
lines of industry.
■
Y
' '■ •
Y:-Y
;>Y'Y;Y:Y:YY:''-
^:y.Y!,':yYy.
After
-
income™.
according
is
$1,368,716
■.
its
as
1.—V.
who
1920.
Barium Steel Corp.—Announces Further Expansion—
Allen, President of the First National Bank of Orlando,
been elected a director to succeed the late L. A, - Bize.—
646.
Y
-Y-Y
> Y, : ■/ -i-Y'YY-YY : Y::"'■
has
$2,917,863
(net)
This corporation
1944 have been revised for comparative pur¬
,
Counsel
Cornwell,
possible,
discount
.funded
-V.
553,027
$987,262
655,929
$182,658,392
''
Net
4,333,496
$917,919
of operation
of
Amort,
E.
163, p.
$909,539
to arrange companies in exact alphabetical
However, they are always as near alphabetical
Income avail,
as
Fla.,
2,040,000
income
oper.
income
Other income
/
y'";
$2,248,828
—
income.—
and
results
421,372
21,000
-
-
1946 Y
*1945 YY ' *1944
$11,312,646 $14,609,088 $13,978,714
Y 9,063,818
9,260,023
7,723,475
—_i.—— -
for 1945
$456,491
410,094
H
Ry.
,
operating
to include
Linton
construct'n materials & supplies (at cost or less)—
801,753
Prepaid insurance, taxes, etc.—
——_4-—44—4 " ' 204,623
Unamortized debt discount and expense
——2,610.759
Unamor. commission* redemption prem. & exp. on cap, stock
175,003
Other, deferred charges-.
———.————
94,080
—
March
expenses——Y!:
oper,
Rent
,
Oper. &
Total
railroad
Ry. tax, accruals—:
author¬
"'''V/
RR.—Earnings—
Y
railway
j,
$478,445
.
Bangor & Aroostook RR.—Earnings—
",V
,
240,853
and others
the
Ry. oper.: revenues™^
financing
the
i*
Neil
10,033,672
with
effective on
position
.
New Director—
y
securities
—
J.
NOTE-—For mechanical
2635.
to the same interests some of its
shares of common stock of $2.50 par value.
that
General
and
John
director since
a
possible
stock will be held by the Aro
Centennial
S. Government-.
Special deposits with trustees
Customers
Govt,
U. S.
—
and
order.
„
Y
:v:Y
banks
cost)
President
succeed
1922
nection
shares of common
"Figures
plant and equipment..:
$160,914,311
Excess of cost of investm'ts in securities .of subs, over the
,4 •:
underlying book equity, as adjusted, of such subsidiaries—
4,407,614
Miscellaneous investments
—
86,295
(at
to
since
.
operating revenues
Net
Property,
Cash
R.
f
funded
stated
89,133
2,210,890
H. Burgess, Chairman of the Traffic Executive Association,
Territory,
and of the Trunk Line Association,
has been
1943
162,
$2,450,000.-i-i-V.
to
Equipment and joint facility rents--
BALANCE SHEET AS OF OCT. 31, 1945
ASSETS—
a/c Railroad Retirement Act™.__
Vice
elected
.
same
Net
$2,145,670
450,000
to com. stk. of Waterworks Hold. Co.—4 $1,695,670
FORMA CONSOLIDATED
(Waterworks
——i
fund, debt—
>
••
/
unfunded
Taxes
$6,979,370
31,950
; •••••••
deduction-of parent company—Int. on
inc.
Net
PRO
y-.ii''V
*"""
83,337 Y
2,234,201
$1,528,392
$$618,180
■■ YfY Y
on
Atlantic
$7,011,320
4,865,650
408,897
$3,828,415
—
on
Markey
poses
Total income
441,154
New Vice-President and General CounselEdwin
Y
———.l-Y————
deductions of subsidiaries—4.——————4
$3,419,518
$1,699,358
deductions
Int.
Operating expenses
Gross income
168,065
H
$1,258,204
—Y—
:
f$l,768,799 >$1,383,508 t$l,955,290
1,634,^48 ;
544,916
•
544,916
$1.08
$2.53
$3.58
-
Operating revenues
Operating income 4.-—4-——.■—————
Non-operating income —,
^
329,939
160,000
•
a/c RR. Unemployment Insurance Act- Y<
V"
Eastern
(& Sul>s.)-—EarningSr-1945
Month of January—
taxes——*
3,711,629
296,925 Y-,
....
Y
<
Int.
1,153,460
—.—
~
profits
excess
$7,629,151
1,588,956
;
...;
discloses that the
;—1,122,797
Federal normal and surtax_44^-4_—-i-..,-1,347,128
Other taxes ———————YY.'Y 2,596,046
Provision for depreciation and retirements
1,249,490
Amortization of property account adjustments—85,669
Federal
1943
as the Aro management,
;?
'Y/•
corporation's oil properties, acquired in 1944, are In Texas,
Oklahoma. Mississippi and Colorado.
On acreage in Texas and Okla¬
homa controlled jointly by Aro and Wichita River Oil Corp. 17 wells
have been completed so far.-—V. 162, p. 2810.. Y
12 MONTHS
,
$3,304,085
operations.—
-
Excise tax
$427,855
119,764
The
(Waterworks Holding Company and Subsidiary Companies) V •
Operating revenues —_4.-4i._———-——————$21,407,139
Operating expenses
-4——.—.—___ ... 6,873,177
Maintenance
1944
$494,858
1945
$468,141
69,540
30,986
stock in exchange for Aro's oil properties.
Equipment Corp., and accord¬
ing to Mr. Markey the company has no present intention of dispos¬
ing of it.
The management of the new company will be substantially
$43,478,669
——;———
r
CONSOLIDATED INCOME ACCOUNT,
expenses.
from
negotiating for the sale to a banking group of 30.000
new 4 Va %
cumulative preferred stock, par $50.
The com-
of this
All
"
"
'
1S46
1945
.Y—^ $25,526,217 $30,420,943
22,222,132
22,791,792
income
Tax
Is
of
500,000
"
,
Federal income
would strengthen the com¬
pany's capital structure and at the same time provide funds to cover
a.
part of
the cost of plant additions and improvements already
completed and the expansion program now under way at Bryan.
To effect the segregation of Aro's oil business a new company has
been formed under the name of Aro Oil & Gas Corp., which will issue
2,730
"
Y
1
,
>
'
refund,
ized-but unissued
•
takes of
1945 Federal income
in 1944.
,
Y
year
Y!"''iDeficitYvY:Y:YY!:.:' ':Yi ,Y Y iYY-YYY !YY'YYY!YYYYY: !YYY.Yyyy V:Y,YY;'!YY
also proposes to sell
Ypany
35,000
«
.
*'
,
l^ter, signed by J.. C. Markey, President,
shares
the
■
1
1
*
post-war
The
32,448
Other current liabilities—--j-—-———2,139
Capital stock (par $5) and paid-in surplus—
28,441,085
■Taxes 'accrued
1
,
j",he Corporation states in a letter to stockholders that it has >ar.r^hgedYfor new financing to provide funds for retirement of the
fpresently outstanding preferred stock and for plant expansion. The
';cbnipapyrr(glso has developed .plans for segregating its investment In
"0)1! lands, and leases in a newly formed company. .»
) ■'
$15,000,000
collateral trust bonds———————_
to subsidiary companies-'
——
payable to others
—————4——
10-year 3%
,
_
(The) Aro Equipment Corp.—Plans to Issue New Pre¬
ferred Stock and Additional Common Shares and to
^700
|>620
Accounts payable
20,914,438
revenues
Month of January—
LIABILITIES—
•
15,901,401
the-full
income
depreciation and
"company
■
"565,0.97
"4,089,641
.
YYY'
all income and excess profits taxes. Provi¬
sion lor all income and excess profits taxes, after deduction of post¬
war
refund, amounted to $4,400,000.
tAfter all1 charges, Including a
provision of $7,000,000 for excess profits and -normal income taxes.
JProvlsion for all income and excess profits taxes,
after deducting
$43,478,669
———
———
-
—
ft
—
Mr.
Y
1,120,177
27,355,058
7,741,295
»
———
"After
on
Y'YY.
1
.
'•"■u
)
1' 1
Earnings per share
3,679,-500
2,197
hand——
Accrued interest receivable from subsidiary companies——1
Accrued interest receivable from others——* 'Y,
Unamortized debt discount and .oxpense-™v
and
banks
in
income
oper.
'
.
...
profit
Shares outstanding
Securities and notes of
Cash
1,277,531
26,655,050
.Fixed charges
Net
1946
$468,453
* 73,903
Y
33,049
.
railway—
railway
Net
...w
•>
184,161
2,268,176
for
income
came
YY"!Y
..
362,748
2,215,038
EARNINGS FOR MONTH OF JANUARY
^Include—
Segregate Its Oil Business—
,
49,339,673
$2.50
Archer-Daniels-Midland Co.
;
(Waterworks Holding Company)
"•>yY;v. :•
6,790,888
43,833,982
January—'
Miscellaneous
0.50
•
''
.
Six Months Ended Dec. 31—
1945
31,
669,653
1,887,240
rents, ne°t
facility repts, net.—.
YTotal
RR.—Earnings—
—V. 163, p. 774.
•
'J?
•
OCT.
from
Net
mon
FORMA
the
January—
Y Gross
of Plan II
been
will
complete its dissolution and liquidation by distributing to its comstockholders, in final liquidation and in accordance with their
respective shares, all shares of common stock of West Penn Electric
then held by American.
This distribution, however, may not be made
until such action has been
taken as will be necessary in order to
conform the holding company system of West
Penn Electric to the
■
1,289,104
Total
Within a reasonable time after Steps 2 through 5
have
been
carried out and the liabilities of
American have
determined and liquidated or otherwise provided for, American
PRO
41,648,378
Net railway operating Income
is subject to any changes that may result
company's tax returns 1 by the Treasury De-
foregoing
audit-of
Ann Arbor
remaining
provisions of Section
;
partment.r—V. 162, p. 2634,
(6)
"•
final
from
American; and West Penn Electric will assume all
of American up to the amount of the capital contribution
made.
[The term West Penn Electric includes any corporation
Electric.]
"147
applied against basis of stock.
•To be
liabilities
reorganization of West Penn
.
——
Total, year 1945—Y—YL—
American as its board of directors shall
to be In excess of the amounts required
resulting from a
37,043,094
0.50
preferred stock.
by
2,407,628
1,217,587
against $28,909,468
revenue
Joint
0.50
Mar.
such amount of cash
determine from tmac
to time
to effect the liquida¬
tion of American, including the retirement of the debt and preferred
stock of American as provided in Steps 2 and 3 of Plan II.
Prior to
its
final liquidation, American will make a capital contribution to
West
Penn Electric of any cash then held by American,
all indebt¬
edness of West Penn Electric owned by it to American and all shares
of
stock of West
Penn Electric
(other than common stock) then
held
2,151,718
railway
"Railway tax accruals
$1.00
$0.29
20, 1945————,
June
West Penn Electric
will lend to
American
by
382,945
'Total
Sept.
will sell in such manner and at such price as its
of directors shall determine all of the 6,000 shares of common
vi Waterworks Holding Company owned by American..
(5)
held
r
Y 7,415,429
254,114
.4
tlncludes
^
Other
Sources
48,652,847
5,833,258
Equipment
Other
Earnings
Div. No.
'
19,683,602
"2,800,959
income..————.
as
100,124,282
64,711,672
"1,511,855
charges—
Net
Y
Dec.
American
(4)
so
Date Paid—-
■
all of its preferred stock, of which 199,868
shares are now outstanding with thd" public, by paying to the holdeis
thereof,
in full satisfaction
of their rights, the liquidation price
thereof, namely, $100 per share plus an amount equal to the accrued
and
unpaid dividends thereon to the date such payment is made
to
follows*'(-per share):
Paid from
the
American will retire
available
^
"Paid from
and
interest,
296,661,546 287,068,754
2,296,686
"
139,677
(net).-
Railway operating
Railway opiating
counsel, estimate that the distributions made during the year 1945
should be allocated as between "earnings" and "from other sources,"
as
'-'V
V 556,477
——_
,
'
its
f
27,505,516
deductions—.—
"Deficit,
matter with
after consideration of the
42,212,789
income.™
Month of
of this company,
*'^
'•
' $
1 ' ' '*
$
29,802,202 361,373,218 387,193,036
income-
oper.
$572,829,
1
officers
^
■'
•
/4" J,;1
<1.
'
■ 1
stated:
.
Misc.
Fixed
-
*
rents
income
Total
Moran, Secretary, in a 'notice to the stockholders on Feb. 21,
C. Earle
'
ry.
Other
1022.
♦
f '<
will pay and retire, at their principal amounts
its bank' loans which are now outstanding in
aggregate principal amount of $10,000,000.
■
f3)
163. p.
r
,
,
1945—12 Mos.—1944
1945-Month—1944
25,^67,152
\
expenses..—_
facil.
Net
'
% Anaconda Copper Mining Co.—Tax Status— /
will be dissolved
American
(2)
accrued
Feb.
]
revenues—'
oper,
Net
properties of this company for the
23, 1946.
totaled 78,645,000 xwh's, a decrease of
output of 89,887,000 kwli's for the corresponding
the
1945.—V.
1
?
The
AMERICAN
OP
1,449,340
of subsidiaries,
adjusted)
ias
'
^
.
oper.
Joint
electric
the
of
under
12.5%
week of
surplus
,'4
■
31 Vv-.
DEC.
ENDED
MONTHS
12
"16,845,637
tRy. tax accruals-^.—_-Crl4,585,800
Equip, rents (net).—287,008
surplus...._4__——j-4——$182,658,392
and
••'4;:44.;-,.
' ',44
AND
Net rev. from ry. oper.
10,751
Output of Electric Properties—
output
ended
week
will consist prin¬
Marion Water Co.
Community or Waterworks Holding Company
of the outstanding common stocks of The
and
The Ohio Cities
Water Co. ; y ^
cipally
Ry.
4——i—
construction....—.t^4——-4-4..
capital
earned
Power
Power
Company,
by
(par
MONTH
175,043
amounting to
$5,341,238, at Oct. 31, 1945, which, in accordance" with usual consolida¬
tion practice, has been eliminated in consolidation.
4
"Excludes
-
and
(ii) Community, or
and
554,705
4-4''• )
225,473
$5) and paid-in surplus—4— "28,441,085
liabilities,
Total
will receive, with respect to all mdebtedness and
stock of Ohio Cities held by it, all of the assets of Ohio Citiesi other
than the cash required to make the payments to the public pieferied
stockholders of Ohio Cities, and will assume any remaining obligations
and liabilities of Ohio Cities.
The assets of Ohio Cities so acquired
Holding
of
aid
!V-
v
Minority interests in com. stocks and surp, of subsidiaries—
liquidated. Upon such
preferred stockholders of Ohio Cities who
shares as provided in Step 9 ot Plan
to each share of preferred stock held by
dissolved
be
will
in
•
Ry.
—20,229,524
adjustments.^—.4—4—:
867,872
account
1945, after providing for all interest
\-c.
FOR
-i '-y;'1
••
44— -
..._-4—_
reserves
802,564
1,369,499
—__4—-4-j.
retirements.
and
of
179;489
4—„
4————
depreciation
for property
Reserve
debt..^
on
premium
credits
for
Reserves
—
12 months
times.
RESULTS
4 '
liabilities..—214,610
for construction.————44—
1.6
earned
36,042
_--_--fa„_--4-_t-44--4i;:v:
—
,
advances
Unamortized
Deferred
or
Cities
Ohio
(14)
deposits
Customers"
December, 1945, shows a deficit of $4,089,641.
for the
fixed
charges/ was $15,901,401, a decrease of $5,013,037, com¬
pared with the same period last year. •
:4,444
Fixed charges, including contingent interest for' the year 1945, were
l,i87,506
54 4
for
Net income
and
5,177,158
—4
——
preferred stocks of subsidiaries.—
on
Other current and accrued
Waterworks Holding Company, will deliver to
Ohio Cit.es, at return ior Ohio Cities' promissory notes, cashi in an
amount
sufficient, together with available funds of Jh^o pities,
to
provide for tne payments to the public prefeired stockholdeis of Oh o
Cities as set forth in Step 14 of Plan I.
Community,
(13)
-
income
Net
-577,940
pfd. stks. of subs., payable after Oct. 31, 1945
on
Customers"
Waterworks Holding Company will consist principally
(of water companies).
.
y., .;Y.;."YY^Y^Y:- .\'Y Y; Y!:-|'-''
by
acquired
so
decl.
Divs.
available for distribution to
Tne assets of Community
and (iii) nothing will be
stockholders of Community.
community,
parison of
15,000,000
_44
accrued
Dividends accrued
sum
of
accrued
Taxes
Interest
pl*n'J1 W1'' ^ecejye'
with
respect
to
each share of preferred stock held by tnem.
h
of *1-5 in cash,
(ii) Waterworks Holding Company will receive
with
respect to
all indebtedness and shares of preferred stock of
Community heid by it, all of the assets of Community other than
Hie
cusn
required
to
make the payments to its public preferred
stockholders, and will assume any remaining obligations and liabilities
provided in Step 8 pi
having been declared at an end.
This distorts any .com¬
the month for expenses and net income.
emergency
>''
10-year 3'> collat. trust bonds of Waterworks Holding Co._
Accounts payable (incl. accrued payrolls of $84,729) —44—44
fi)
exchangee u.eir snares as
not
4
■
...
of subsidiaries—
^
4^
4. $86,921,500
capital stock of subsidiaries-—w44'
19,213,100
Premium on preferred capital stocks of subsidiaries——
25,192
Long-term debt
Preferred
Community will be dissolved and liquidated.
Upon such liquida¬
the pu.odc preferred stockholders of Community who have
(12>
tion
their
at
remaining
Monday-, March 4, 1946
of the outstanding common stock of the company which is
by him.
.. V
price to the public is $30 per share.
Scott. Horner & Mason, Inc., Lynchburg, Va., and Kirchofer and
Arnold, Inp., Raleigh, N. C., are the principal underwriters.—V. 160
owned
.
The
1731.
,
Volume
Number 4469
THE COMMERCIAL & FINANCIAL CHRONICLE
iJLOO
Bayuk Cigars, Inc. (&
Sub§.)— Annual Report-
Brazilian Traction, Light & Power Co., Ltd.-
;
Years Ending Dec. 31—
Gross sales, less
Cost
/. * /"/://'.J 1945
1944
1943
discounts, etc.»_i_ $21,554,439 $21,256,952 $22,529,172
goods sold
I—-; 16,506,552
mcanmo
16,787,459
17,660,309
of
•Selling,
gen'l
&
admin, expenses,.-
2,218,627
'4-Gross
profit
income
Other
2,059,266
$2,701,451
75,506
56,714
$2,485,733
$2,758,165
;
88,455
.
Gross,
2,167,412
$2,410,227
$2,829,260
•Net
■
$2,917,715
'
76,000
795,500
t'.? 794,000
791,500
677,500
370,000
income
tFederal
Net
excess
profit
91,000
"4axes_^l.iv
•
Earnings
•Including)
bonuses
for
to
credits of
$62,160
W '■
refunds
and
of
of
1943
'■■ASSETS—
,U. S.
and
tin
employees,
1943,
for
renegotiation
BALANCE
•v /.
pr.
r
on
account
of
1945
tobacco
reserves)
(less
..-r.—i-v,
9,368,737
Joseph
56,507
657,037
14,599
85,337
2,003,227
S. Gov.
no
$46,324
accounts
and
in
in. 1945
65,727
domestic
$47,491
tAfter
In
1944
for
The
active,
//'
of
not: only
mestic
by
the
started
sales
corporations
for
mnny
Oct.
of
and
planes
said
and
by
of
now
our
field
wartime
employing some 4.200 workers.
Beech deliveries exceeded
those
was
Gaty.
In
of
the
"This
thus
which
growing demand
will
far
anticipate
our
of
no
difficulty
we
are
ganization
sx.fi
from
foreign
to
sources.
entire
?
J*
K
'tr-
}
.
^
V,»
,
build
them.
to. create
effort
the United
lease
of
a
corporation
•>
4
:
V
operated
ating
on
.
to
magnesium
foundry
2^
rental
of
of
by
-
Reconstruct'on
; Finance
Bendix Aviation
of
this
condition
$40,620.. An option
first nine months of
event
The
war
'
;
one-year
the
is
with
with
buy
period
be
the
plant
may
one-year period,
in
the
by
WAC.
to
v
area
and
to
or
J.,
is
the
the
for
approximately
72,000
square
$165,584
,♦
/://'://;/:v
is
-
and
not
,
corporation,
25
announced
Denebrink,
since 1922 with
the
The
by
interest.
expenditures
affi.iated
.
"no
New
York,
refunding
be
N.
is
General
Sales
oArmstrong
Ward fe Co. since
The
Mr.
Cork Co.
+-
....
will
5'
which
odd
1944
1943
j-o-o 75^
•237,356
•60,126
in
•174,206
of
1944. due
redemption
made
at
the
Aug; ;i,
on
ApVil
office
Of
sold
of
and
coru
and
in
made
therewith
judgment
juugmem,.
■
the
ti»c.
of
ui
other
-The
p.
647.
William
N.
p.
Freyer had
been
with
896.
April 1, next, one-half of
stock, plus the number of
full, said redemption of one-
and
yarn
of
and its
1945,
year
^
See Textiles,
and
rayon
United
^
dj
its
sale
and
countries.
and
its
In
the
of
fiscal
subsidiaries
the
Dividends
•Before
have
Operating
Operating
Federal
Other
1
the
output
1945
year
counts
:
finished
43,260
$106,416
3,009
'
!!•;'.>~;v *J' tA:^
,
'
k
5.
,
^
,'
r
-
♦
;.
■
$5,445,000
*
'
1946—Month—1945
1.946—12
$1,598,144
$1,547,388 $18,650.3o9 018,115,563
557,995
543,945
7,504,858
6,886,598
248,419
370,328
3,576,029
3.775,610
164,371
160,763
1,860,778
1,853,667
Mo:^T;1948
expenses——
.
—,—
,
125,000
revenues*..
income
(net)-—.
125,000
1,500,000
1,500,000
$502,359
oper.
$347,352
$4,208,704
$4,099,688'
income
4,709
!;
5,828
65,050
51,358
$353,180
$4,273,754
$4,151,046
.
etc.
$507,068
—.—,
charges—
—
•Based
$5
to
1^15,721
/■ 1,778,579
$2,458,033
$2,371,467
stocks—//.^'
•912,267
1,134.601
$1,236,866
$364,710
preferred
_•
$7 and $6 preferred
on
preferred stock
(L.
145,178:
$208,002
$1,545,766
applicable
Balance
142,358
_—-1-/
now
E.)
stocks previously outstanding and ou
outstanding.—V.
Carpenter &
163, p. 648//^%///' ////;%:?
Co., Wharton, N* J.-—Registers
with SEC
The
for
-
company 011 ",-u, 21 filed
Feb.
129,242
registration statement \
with the SEC
a
shares
of
common
stock, par SI.
$1.
Of the total,/50,000
total,
being sold by the company, nnd- the remaining 79.24? shares
ana the
79,24 ?
rp,,„
are
(hp
being sold by certain stockholders,
The price to' the public will
nnhiic -will
be filed by amendment.
,.■•*-,• -4 >•■-.,
shares
<
are
„
—
Of
,
the
proceeds to be received by the company from the sale of
50,000 sha.es a portion will be used for an addition to the Wharton
dye
horn: e
chase
and
and
the
installation
of
additional
facilities,
Burr & Co..
/
(
*
FOR
,
(& Sub.) —Earnings—
MONTH
OF
Sales
JANUARY,
1946
———
—
$252,266
Dr 4,455
1,199
$336,909
$270,137
.*
16,672
659
*55,500
42,000
98,000
158,500
91,000
•$117,919
$135,750
$123,637
$12,007,471
Profit
/;
-V. 146,
;
"
14,800
pur¬
:
Inc.." New York, Is named principal underwriter
4110.
EARNINGS
$326,564
the
Wharton
^
Earnings—
and
installation
of
a
new
solvent
recovery
process
lor the
plant and the moving of the present solvent facilities at the
Newark plant to Wharton. '
Any balance will be added to the company's general funds. ' v-:/■//'*/•[/".
*•■
v '
sales
Caterpillar Tractor) Co.
—
/;';I945 /•*:
ssigfooo
so.^au.uuu
/
revenues-..—.
Dividends
sales.-
42,000
)
;
*
-
Power & Light Co.-^Earnings
Net;' income
of
17,595
—
•
The
A 11C
above
auuvv
profit
profits tax provided
1
has' been computed
includes
in
in
a
of
recovery
portion
a
excess
.„<<
tho
the
vcar
year
1944.
1944.
The
amount
of
this
recovery
•
in
in
;; 480,386
the
of
accordance
carry-back" provisions
of the Internal Revenue Code,
which provide for a reduction of the
earlier years/higher taxes when current operations result in a loss
or
when
profit is abnormally low.
These provisions recognize that
excess
profits taxes previously computed for the war years were in
effect preliminary
estimates of the tax liability for the war period and
the
post-war year of reconversion and that final determination of
excess profits taxes can
only be made as the. results, of 19*6 ope-r>~
wit
wun
u<c
.
84,000
sale of
on
securities
SHEET,'
hand
in
on
and
$668,304/-life
accounts
$10,000),
product
21,450
$40,987
period-^.—
appropriation—
Interest,
instrumentalities)
consolidated net
$257,919
securities,of
6,369
/■>/•/';/ ■//
/ '•
the
1943
/
$55,524;'
5,299
267,339
11,801
1
\
taxes
.
Other
approx¬
1944
income
010
4,212
260,082
.
to
Dr4,908
——
ASSETS—Cash
ketable
A
'
•-/.* 9.623
office..—^.
.
.„/...
1944
83,'<02
$428,684
'
taxes.
serve
Net
country,
$245,233
BALANCE
/value),
1945
/
$336,361
n
premiums_^.^_
profit
•"
expense—Toronto
Property retirement/re-
—
sold
were
States
of
subsidiary,
85,904
Period End. Jan. 31—
used
1945
adjustments (met)
depreciation
*
$0.83
Canadian
*//•/:////'■■•■■
earnings.
Carolina
::6%'
p.
for
profit
$0.73
:; v
(gross)/ -:
each
by
'r
on
stock.
company's
>•09 '
corporation 'and its subsidiaries
82% was represented
investments-^^——
taxes
80,631
$512,014
share_^^„____^_„—
2939.^
vkI.X
approximately 12% by hosiery, approximately 5%
approximately 1% by commissions from dyeing
163, p. 896.
/
^%•/■/
income..
for
Net
common
a
'Ti'aflie.
of
in
this
in
—
operations/—.
Provision
387,026
62,552
and
subsidiaries
produced
mi
approximately
// Years End. Dec. 31—
Provision
210,046
58,059
$500,758
••
^153, p., 775.
Inc. below.—V. 163, p. 896.
insurance
248,302
—
profits taxes.
Canadian Pacific Railway—Traffic
Earnings-
combinations,
States;
Burlington Steel Co:> Ltd., Hamilton, Ont.
from
30,286
$1,189,717
".
excess
week Ended Feb. 21-
and
yarns,
year
taxes_^«
gen;
Pt
'
sub-
woven
of
sa'.c
Acquires Flint Properties—
Life
and
//-V.162;
subsidiaries
foreign
fininshing.—V.
Profit
14,250
Operating profit for
Hh-pctors.
is
directors;/.Is
w.
*
.yams,
its
corporation
products,
cotton
and
Total
men
corporation
total
3,214,493
$870,471
Capital expenditure
>(P)ani^Jf^J052
corporation
yarns
the
the
the consolidated net sales
Prior
Freyer,
in
yarns
the
(other than United
15 accounted for
approximately 40%
woven
3,292,588
^
Provision for
the
substantially: •" to
board
and
synthetic
4,560,074
$1,159,431
profits tax
production
Gross
the. manufacture
$8,933,998
*•••./'.?...••
:
Marketing charges
Operating eosts
y
,
customers
on
.
are
jonttmBlated
.
,,,
Austra'ia,
in
the
725
Income from
outstanding shares to be made
prb rata.
Payment will be
Irving Trust Co., 1 Wall
St.; New York, N. Y„ at the
$110 per share and
dividends to April
1, 1946.—V. 163, p. 647.
tire
the fiscal
by
Y.
Mr.
the
be
MD
synthetic
of
associated
and
in
irs
years
and .general
expenses
milled
ore
lAdmin.
Pnvnnro
to some extent, in the manufacture
fabrics from cotton yarns
•232,370
Co., Inc.—Partial
Redemption
shares
is
in
<;Q/)0 4-ri
distributing
Quarter Ended Dec. 31—
Tons
linn
Corporation
be
.
1944
656,245
4,507,436
Canadian Malartic Gold Mines Ltd.-Earnings—
.Metal
preferred stock, the corporation anticipates
may
also be financed in part through the
rayon,
from
ten
(& Subs.)—Earnings—
/./1945
H
163, p. 1023.
the
of
Presidents.
Both
Denebrink had been
company has called for
redemption
outstanding shares of its preferred
shares required to
redeem
made
of
of which
Vice
1940.—V.. 163,
&
from
and,,
past
products
castings
involved."—V. 163,
Manager,
elected
to.
SUBSIDIARIES
engaged
corporation
Of
Broadway,
that
the
imately
RR.—-Earnings-
the
of
:
resigned,
/.
(net).
per
has been
has
provision for depreciation of build¬
ings, machinery, equipment,
etc., in the respective amounts of $103,477
$109,255 for the three months ended Dec.
31, 1C45 and 1944.—
v.
<?
are
made in the United States,
corporation has recently made
relatively small invest¬
ments in weaving and
knitting plants in operation or under construetion in Canada, Cuba, Mexico,
Colombia and
,-L'
/
Payment will
enpendttures
"
fabrics
the
Bendix
,,
magnesium
1946
(Sidney) Blumenthal
rate
*
companies
AND
who
income_j.___
income
of Boston,
of Boston,
income—^—-—
income
excess
National Bank
Bank
Webster,
-.'%•//
..
machinery and equipment
,r
'/.v.
.-•
and
.
as,;. in the
in.: tne
yarns and
exclusive
inGovern-
Bigelow-Sanford Carpet Co.,
Inc.—New V.-Ps.—
C.
at
None
initially become part of the corpora¬
may be applied to any corporate
new
603,776
whose accounts are
included in' the
above
summary,
amounted
to
approximately 12% and 13% of the consolidated net income
for the
•three months ended Dec.
31, 1945 and 1944, respectively, and is stated
in U. S. dollars on
the" basis of Canadian official
exchange rates.
(2) The above
summary includes
,
such
n
$1,069,641
S.
615,157 shares ($5 par) common
/•'NOTES—(1) The net income of the
cumulative
soop
nylon,
although
Govern¬
$1,424,106,
required
of
/
Director of
-Products, have been
joined the
company in January.
half of the
will
as
Edwin
^';*6n
1.721,776 shs.
.
proceeds
approximately 110'
/
Montgomery
Net
•Net
r
,
.
-.1.
.
succeed
Net/ income„^„__^:
Bank
ahd',"6ei^l;al
and
the
as
are
of
-
production
outstanading ser'al
debentures, issue
Aug. 1, 1952. inch, have
been catled for
and
-
fabrics
of
during the.
21 months,
Bethlehem Steel Corp.-—Serial
Debentures Called—,ta.
of the
100
/
Federal
50,000 shs.
150,000 shs/
454,703
$884,433
surplus
2142.;
p.
credits
Federal
ajid from, combinations of
yarns and other yarns; the principal products include a
highly
diversified line oi women's and men's
wear
fabrics, household goods
/and hosiery; Corporation and
it$ subsidiaries are the largest producers
of
The
feet.
ul
the
162,
to
operating
'
•
603,298
ofo
Joy,41.3
—.
•
expenditures
as
cotton
~
feet.
director
a
administrative
■
Outstanding.
3.000,000 shs.
rtU.U.itAtWJUU.4
additional
of
sidiaries
i
square
^
G.
Inc.
new
such
knitted
an
„
made
$100)
(par
$6,000,000 for
CORPORATION
oper>s
minimum
—.
was
•<
/
.
and
150.0CO shs.-
advisable.
Bendix
lease
exercised
///>:v:;. 1945 :/ra'lway.^.^
$"fi9.R76 /
railway
•200,476
°421,036
income—
/,[ 58,412 ;-•236,106 /
•Deficit.—V. 163, p. 774.
It
**S*\;'Vv
"
to
Govern¬
currently
lot
renew
ooer.
at
I*
earned
thereby.-
i-iCost of goods
Advertising,*:selling,
250,000 shs.
(par $1)_—
the
the
minimum
of
to
.
of
shares
Corporation, a
The
plant was
guaranteed
be
from
1946, to
1, 1946,
l-
Authorized
$100)
.
N.
a
during the first
72,000
of
costing
continue
Bessemer & Lake Erie
All
W (A}
363,877
645,302
Canada Dry Ginger Ale, Inc.
>
inclusive)."
issue
v
•
of
property
floor
Equipment
expects
January—
Gross from
rv.
7
f '
1
tax
Three Months Ended Dec. 31—
Net sales__-_„__„
other securities of the corporation.
In this connection, the
corporation has under consideration, and has been
negotiating with
.«nderwritersr With, respect to, the proposed ;issue of
100,000: shares, of
its
authorized
second
preferred
stock.
Although such negotiations
have not been concluded, the corporation
expects to -issue such 100,000
in
nf
area
plant.—V. 163, p. 1022.
Net
59,
that
Assets
provides
a
renewed.
total
r.cmoved
Net
•
Registrar:
448,875
—:—
//
cotton
and
the
total floor
a
$708,536.
Bendix
the
(par
"■ • -**"3 ■
excess
<
consist*>
a
investment
building
will
to
and
priority right
War
.
ment's
at
lease
prooerty
building
cost
the
•
York.
stock__21i-
stock
stock
sale of
"
"
Teterboro,
sales
Corporation.
during the
a
at
net
the
by
corporation, during the first nine
months,
additional year at 37r. of
net sales with
i
preferred
Inasmuch
a
a
at
small scale.
lease is for. a
/ "The
of New
stock_______;
preferred
Ribbon.
on-Mils,
"
guaranteed-rental of $27,120,
subject to
ment
agencies, was announced Feb. 12
subsidiary
■|i
•
.
strong distributor or¬
abroad."—V. 162, p. 3P68.
States and
'
1
With
;
affected
v.
'
in
can
bending every
$2,646,410
—
gain carried
elected
the listing of 350,000
($100 par) which are issued
v
stock
purpose of
production, the company is
month alone—December—
$10,08o;
$3,095,295
/;./Roy A. Young, President of the Merchants
and former
President, of the Federal Reserve
of
of. lousinesses operating
businesses
in the textile, field,
Consistent/with its past pc
policy of enlarging its operations and for the
»Uy
increasing its earnings, the nnnwvofi/in: sillri its SUb?
corporation and
subsidiaries
have acquired during recent
months, from persons not affiliated; with
with
the corporation or any of its
<corporation
or. its subsidiaries,
the assets of, or a,subMuom.»1>v.gj
stantial stock interest in, profitable textile concerns at an
.aggregate
net cost of
approximately $4,000,000.
Such concerns were' DfSntiiiiqn
Burlington Mills, Ltd., a producer of rayon fabrics with its
[ principal
plant at Sherbrooke, Quebec, and the followin: Steele
Maniki^t^frig
(Plant No. 48), Phenix Mills,'Inc. (Plant No. 49)
Corp
do¬
supplied
Bendix Aviation
Corp.—Leases Gov't Owned Plantr—
Authorized
above
:
series
^
u
.
contemplates that
future for. acquisitions
one
>
.' in
•»
also
indicated
has
payable,
New Director—
.
ap-
for
both in
'v.-5',
be
peacetime
dollars
we
mind
the
preferred
J)IUA1111dtC1 ,y
proximately
financing the continued develop¬
program,
which
necessarily is going to cost
inventories of purchased
parts and raw mateHals, for payrolls, and for
new jigs, tools and
fixtures.
"We are
receiving inquiries from
every foreign country able * to
purchase- otir
products, which,'because of the
will be half
Beechcrait reputation
sold before
of
millions
:
r
made
Beech
delivered,
NOTE—No provision has been made for
renegotiation of profits under
the National Defense
Appropriation Act, as it is impossible to deter¬
mine at this time to
what extent,, if any, the
earnings as shown will
r,.'
-Listing of Preferred
1-
now
'
;
t
.
,
ment
Net
Such corporate purposes are
expected to include, among other things,
expenditures of approximately $8,000,000 in 1946 and 1947
pursuant
pursua "
to a program for additions and
improvements to plants and equipmei
Jants
equipment
Such program is
mci v
necessarily subject to such adjustments as may h«
suojeci,
»uU1
be
deemed
necessary < pr- desirable in the Tight of
;ary or; aesuf
future needs and de¬
velopments, but presently contemplatesv the expenditure of <
contemplates
approx¬
imately $2,000,000 fqr additions and improvements to
iuii.,._
plants and
described
is
$196,335;
yet
—$2,680,C75
-
————
Foreign income and
preferred
purposes
employresult. 'With larger Beech
incentive plan
workers.
payments to ouy
The aim is to
provide continuous
employment on an In¬
creasing srale. *
"We
Subsidiary—
-
charges
Net
PURPOSE—Net proceeds
tion's general funds and
prewar year 1940.
This
beginning production level alter
a
few
months
devoted to
As Increases in
production continue increased
our
V"*'\
w._———
Provision for Federal income
(par $100).
Common
reconversion.
ment
>''.VV.'!•
'-.1-1
Depletion
-CAPITALIZATION,• GIVING EFFECT TO PRESENT FINANCING
2nd
of
fcJa.Bii
Depreciation
""~v"
t
3 (-2 fic
,
Mr.
deliveries
executives—a
years—but also
the cessation
"Since
1,"
Other
-.;
...
Cumulative
,
which
/v...
has
preferred stock, 3.607/
163, p. 647.
i/vi Title of Issue—
Exceeding Output—
company's export department Is
many
distributor appointments
with
in
•/-
•
•;
„
mode
Presi¬
the
Niagara Electric Corp.
■
be¬
Europe, South Africa, and South
America.
Misr Airwork, besides
taking planes for Itself, has
been appointed to
sent the Beech
reprecompany in* Egypt.
;
'
"The corporation
/
is getting
away 'tor a very good start in its
fiscal year
new
.
-/;••//• •/•/'/'•
Vice
charge
Agent: Guaranty Trust Co
of the Manhattan Co.-'
:
■./>:
4%
-Sales
been elected
"
..
stock
doubtful
amortization
p. 2140.
not
Income
Total
Burlington Mills Corp.—Preferred Stock
^pffered—
Kidder, Peabody & Co. on Feb. 26 offered at $100 per
share and dividend
50,000 shares of V-k% preferred
183,000
and
materials
raw
depreciation
;
liabilities,
Balance
Other
Income
of
.
2,987,047
11,374,455
reserves
deprecation
have
and outstanding,—V.
and
delivery of commercial Beechcrafts
under way and
monthly production since
ing approximately
November, 1945, total
$2,500,000. this corporation has also
ply the demand from
begun to sup¬
abroad, John P. Gaty, Vice
General
President and
Manager, recently announced.
First
overseas
being made to the
deliveries are
Egyptian airlines
company known as Misr Airwork
by flying the planes
directly to Cairo from the Beech
ta. Kans." Sales have
plant at Wichi¬
also been
consummated in Hawaii and
Royal Dutch Airlines.
to the
exceedingly
750,000
;
183,000
production
well
ing
Brown
with
in
,
and
297,149
authored
New York Stock Exchange has authorized
shares
1,292,342
14,599
2,987,047
11,942,041
,
-
19,
/-
52,811
$3,924,712 in 1944.—V. 162,
Beech Aircraft
Corp.With
as
r V
•,
Walker
Stock
$17,377,290 $17,035,155
discounts.
1945 and
March
on
outstanding
has
g
$600,000
48,199
I,
$4,064,634
the
company
Transfer
•After
>
been
*'
// 530,901
bonds.
par)——^
C.
Buffalo
•
Total,
split
held
■International
'
$519,256
L
Capital stock (393,060
shs.,
Earned surplus
has
President
18,182
151,136
1,632.020
U.
...
Tjae
be
been named President of the
newly formed
Corp., foreign trade subsidiary.
He also is
New York District Manager of the
parent concern'.
-1
•
The
new
subsidiary will distribute abroad the
parent company's
products and those of two other manufacturing
subsidiaries, the S. M.
Jones Co., Toledo,
Ohio, and the Eclipse Lawn Mower Co.,
Prophetstown, 111..
The foreign trade unit will have
representation in
19
countries.—V, 163, p. 896.
•
''
pur. of
bas.s.
and Robert B.
who
Vice
'!
Buffalo
The
...
resetve
proposal to
.....
Buffalo Bolt Co.—Forms New
$17,377,290 $17,035,155
sundry accruals——
bonuses to executive
officers & empl. •••"
Prov. for Federal
& State
income taxes -and,
renegotiation refunds
.
a
meeting to
2387<i.
p.
/'
Allen,
r-.'(.'r;,"
1,556.049
.
of
respect
'
•
accrued
Years Ended Dec. 31—
/.■•'"'••'/' •
1943
1944
Revenue from
processing and selling metal ancl
metal products
-'
$13,443,980 $13,680,493
Production costs
q (>rq 48.1
lu,138.064
9,689,483
Selling, delivery, admin, and corporate taxes..
I,3ra,0j2
1,344,590
Stock Split—
on
company for 25 years, has been
of advertising.
Mr. Brown, who has been Director of
Advertising and Market Re¬
search
of the
company, joined Bristol-Myers in
1936 as advertising
manager,
becoming an Assistant Vice President three years later.—
V,, 163, p. 775.:
,
' n .
<
1,002,628
v'
amortization17,484
for
Contingency
Mr.
)/
60,236
1,870,089
L.
Employees' dep. for
31
112,5051.
Notes payable, banks
Accounts payable and
163,
annual
dents.'-,//'
$«,-
48,199
656,996
LIABILITIES—
Prov-
after
in
[or
provision
and
——-——•
retirement
41,279
-
Total
;
to approve
two-for-one
a
Joseph M. Allen
1,725,368
—
....
facilities (less
Patent rights, at
cost
Deferred charges
on
the
at
%
Provisio
L-i.3— '
-
.
Investment tn controlled
company..—
Miscellaneous investments
;
163,
Bristol-Myers Co.—Two New Vice-Presidents—
1945if or
also
9,779,388
7, >
crops
to
controlled company)—
stamps u--:
Cash 8c V. 8. Govt,
bonds held under
employees
bond purchase
plan
■tPlant
in
1,417,093
••;
Revenue
4.
capital charges.—V.
$3.35
1944
r 1945
,7
$1,648,653,1 $1,521,718
Treasury certificates of indebtedness.^.-.
receivable, trade
-i-—,—-
(including $750,000
asked
be
Assistant
DEC.
.
.
Advances
stockholders,
shares
refund.
SHEET,
vv7
V]
-
$65,727
1944
•Accounts
/
and
Briggs & Stratton Corp.-^To Vote
:
shares.—V
393,060
$3.17
.Inventories,
/
amortization
obligations
(after
$2,170,150.
payable
$187,647; taxes
payable
and
accrued,
$14,591;
dividend
$21,000; capital stock (140,000
shares, no par), $j40,000;
surplus, $116,521; refundable portion of taxes on
income,
profit and loss,
$683,972; total, $2,170,150.—V. 161, p. 1311.
:
$4.09
Cash
•
$2,648,716 $30,165,338 $30,770,130
/_—
—
assets
total,
Calumet & Hecla Consolidated
Copper Co.—Earnings
The
589,598
.
shown, less debt
$38,337 in 1944, and in 1945
CONSOLIDATED
./
.
amounts
provision
>
$1,318,865
786,128
393,060
1943, $52,810 In
officers
$57,520 in 1943 and
/■
•
in
executive
reversal
$1,245,733
786,129
renegotiation
510
:
$2,051,643
purchase
$5,062,o95 $65,150,898 $08,342,514
7
—
2,413,879
34,985,560
27,572,384
190.
p.
will
•',393.060
outstdg. (no par)_
comon
share———
per,
y.'.
$1,353,715
Dividends
Common shares
"
3,641,779
•Subject to depreciation,
563,200
Federal
-
$5,693,422
'
capital
LIABILITIES—Accounts
lroni oper.
earnings
$10,085;
$1,062,698),'$561,026;
1945—12 Mos.—1944
84,600
taxes-L^L---—
profits
1945 —Month—1944
expenses.^—
earns,
.Operating
•
^Balance before
Pennsylvania
corporate,net inc. tax
income,
-Earnings
(Expressed in United States Currency)
Period End. Dec. 31—
and
in
DEC,
bank;
1
amount
31,
investments
policies
scrap,
stocks
of
(cash'
raw-materials
$541,332;'refundable
combined
are
with
the
results of the
war
years.—V.
Catalin Corp. of America—Stock Placed
in
mar¬
surrender
receivable -(after--reserve- for.; -doubtful
$252,461;
tions*
162,
p.
1023.
$12,89(
1945
$81,419;
-insurance
84,000
84,000/
of
portion
and
of
ac-r
supplies,
taxes
on
on
Quarterly
Dividend Basis—
.
A
quarterly
the.common
March
5-<
10 cents
on
dividend
stock
Last
(par
of
10
$U
cents
payable
per
has^bpen
share
March
the companv paid
June 15.- V. 162, p. 1164.
year
20
20
to
cents
decl*>r«"l
holders
on
of
Dec.
on
record
20
and
1154
Central Ohio Light & Power Co,—$1.68
'pursuant
Dividend—
company has asked the SEC to approve its proposal to pay out
pf earned surplus a-dividend of $1.68 a share tflt holders, of 4ts common
'stock on or about March 15, according to an Associated Press*dispatch.
V.
2637,
162, p.
•
,
'
'
,
>
4
<
.
* 1
,
Cincinnati New Orleans
Wyer, Chief Executive Officer,-on Feb.- 23 announced that
;in line withxtt recent, order of-the- New Jersey Board of Public Utility
,X
,
.warrants
The
the
-
■
trains
'war
of
were
*with
that
out
ODT
"In
order,
line
the
annually
sloO.OOO
they
said:
Wyer
Mr,
the
trains
five
when
.
March,
in
—V.
with
service
period
PUC
4.
March
on
to
v
:'XX•X^xXx''1,xx XXX-1'
operated .at a loss of
discontinued in accordance
permission
to
order,
We
for
ask
"The
will
be
operated
.decided
order.
placing
pick
be
to
at
the
in
but
it
number
of
if
the .'order
feel
does
of
that
163,
Cincinnati
Month of
^
V'*
.,* •
January—
Net
•
,Non-operating
V.1
*
x:
(net)—v—
»'■
•\\
and
surtax
*'
stock
—V.
"
vjft' •1V\'v
'
4,
-
,
,
_*1
——
162, p, 3070.
;
Net
ry;
railway—
>■
$636,937
.
;■
x
:
railway-—
' 30,568
income—
*67,198
"■Deficit.—V. 163, p, 776.
"
:
subsidiaiy, Challenger
recently with, a sevens-passenger * transport plane* in ; inter¬
in Utah this week.,* ^
''
The parentr company, is also negotiating for an air route formerly
owned by Aereovias Azteca, which operated a passenger route from
Mexicali to Guatemala* and freight, lines between Mexicali and Guadalajara. '• '
\
It was further announced that two more oil leases comprising 150
six
months
sold
as
\
purchased-from
such
and
net
the
"proceeds,
Government
with
the
for
funds
Certain-teed
V
Products
which
Xing; Machines'-Ltd.,
which
Inc.,
'.X,
'
Jtl
XX-',
,
engaged
is
the
in
•
production of milling
patents
holds
and
licenses but is otherwise
which was organized
patent
in¬
are
ing stockholders.
Dillon, Read & Co., Inc., headsXthe uhderwritlng group.
in
properties of Cincinnati
Lathe and Tool
Co.,
a
non-affiliated corporation. • In addition, the
■'
-*•'■***»
. .ft
of : the; 'capital stock of ; Factory Power Co;,
$86,328
$59,448 X company .owns 58.6%
which
supplies on
a
cost
basis steam, hot water, compressed air
13,092
'13,092;
and
electric energy
to the plants of the company and Cincinnati
Lathe and Tool. Co. and to adjacent plants of three other companies,
$73,236
$46,356
all of which* are shareholders of Factory Power Co.
Cincinnati Milling
:
Machines Ltd., Cincinnati Milling and Grinding Machines, Inc., and
'v:Gincinnati Grinders Inc. are consolidated subsidiaries; Cincinnati Lathe
and Tool Cox and Factory Power Co. are unconsolidated.
active;
27,250 :
and
Lathe
Cincinnati
November,. 1945,
:
Tool
&
all
acquire
to
'
the
•
Co.,
,
physical
Colorado & Southern Ry.—EarningsJanuary—
Gross
.
$663,461
'29,144
! :
201,122
-;
X 106,142 v
in
cash,
tf>ire
■7
March
C
X
Columbus & Greenville
Authorized
.
,
.
Outstandings
Net from railway
;
Net" ry. oper. income...
—V. 163, p. 776.
,
eompany;
All
6%
'Y- t'
•
»'•'
•-.'
'
-
:Vi
V'/'si
'
Cham Belt Co.
V
j.
J.'V-J.SVfVjy*""''
not
profit
"" *
State
taxes
Approp.
additional
of
reserves
(
share—,.,,
common
501,440
$781,561
$859,870
.SLOfr
$1.61
is
—,
$1.76
/4-
provisions for depreciation.^ tAfter other income of $156,708
1946, $99,501 in 1945 and. $72,491 in 1944. $ After postwar credit." ■ v*
\
|V
BALANCE SHEET. Jan. 31,-1946
ASSETS-—Cash,
$2,990,618;
marketable
Government securities, $1,204,190;
securities,
including
376;
fixed
assets
SI;
(after
deferred
reserve,
charges,
$5,381,652),
$77,277;
$11,528,458.
LIABILITIES
accrual
$2,478,821;
other
after
tax
patterns
'
of
$4,374,058),
£len*°*°8 and continSencies, $1,386,722;
$1,530,697;
X
Month of January—
,
Gross
Gtner
railway
Net. operating
Net
income
taxes
funds
and
other
Balance
transferable
per
common
Declares
•
The
dend
75
paid
as
paid
previous
special
a
of
one
V.
163,
share
of
the
in
Pittston
usual
On
each
stock
of
40
shares
-
,
the
same
C.
a
O.
stock
Central
Broadway,
New
ceive
for
Hanover
bids
fund
gold
cient
to
interest
Bank
&
Y.(
will
York, N.
the
loan
it
to
certificates
exhaust
to April
sale
the
1.
sum
of
Trust
until
first
dated
of
p.
sinking
m.
mortgage
162, p.
fund
April
on
Oct.
trustee
2638.
to
X
70
1, 1946.'re¬
6% sinking
25-year
to an amount
1, 1923,
at prices not
$20,074,
1946.—V.
Co.,
2
exceed
.
X
suffi¬
101
;
.
and
v
E.
C.
Gross
Net
from
from
railway—
railway
1945
$504,083
$540,931
143,582
174,582
Ne£ rLoper' income,.-,
■—V.
163,
p.
77,214
776.
/
-
70,681
1944
$529,066 "
151,093
67,948
1943
$518 357
220,824
83,495
j
New
York stock
&
Southeastern
RR.—Listing—
Exchange has authorized the listing of $8,056,0,00 first and refunding mortgage
bonds, due Jan. 1, 1994, and $6,335 800 income mortgage
bonds, due Jan. 1, 1994, which have been issued
208,205,000
<
■■■
year.
9.7
10.3
11.2
; x
'
*"
'
10.7
V l
'
V
,
X.:-
» <•
I
v
,
^
'
{
V_
'
>
,
^
r
r
X X
x^xrx^xX
^
*
t*
*
Investm^it Co.* San, Francisco, Cal^—
Quarterly Dividend of 6 Cents—Directors and
Feb.
on
declared
19
a
quarterly dividend of 6 cents
on
March
after the- stockholders* meeting, the
S. Waldo Coleman, President; George
X;
4,918
t
5,082
&
&
Weld
Sons
McDonald
Reynolds
<fe
Co:J_.
■—*
&
Sons
HJ Walker
&
Co.
2,950 V
X
:
<-''Y
•.
:"X
:«X_X——i-:'.
r
Laird,
Benj.
The
Bartlett
The
Co.
of
X 1,722
:
1,722
*
1,722
:
1,778'
X...X; 1,722-
-
:
X
.
-
*
-
1,476
1,476 '
■
1,476
Robinson-Humphrey
Wagenseller
&
Durst,
V
Co.
Inc.—
-
xX
:
i""
'
'
"7
1,476
...
...
stock of parent
1,060,667
.;
1,191,412
";'X'.XXX •
rl
16,536,438 13,960,31;7
4
■
$3,981,372,
State
the 1946 and 1945 periods of $7,039,878.
respectively, equivalent to net
and Federal
excess
profits
income
reduction in Federal
taxes by reason: of
,
Preferred Dividend Declared Subject to
,
A
by
984'
?
984
..."
1,016
984
984
1,016
984
1
share on the corporation's $6 series preferred stock, payable,
to obtaining authority of the SEC on the 28th day after the
of the order of Commission permitting
the payment of such
dividend to stockholders of record at the close of business on the
14th day after the date of such order.
At Jan. 31, 1946, dividend
arrears
of ;$29.75 per share on' the outstanding shares of preferredstock (not including.fractional scrip) amount to $44,081,289.
subject
■xx-
'
984
1,016
.
date
». • :
1,476
" X- 984
1,016
California.*..—„_
,
$17;603,105 $15,151,729"
x__
X per
1,778
1,778'
1,016*
4
8,337,610
16,314,900
16,501,662
.
1,967
1,016
'
Inc.
—.—
——-
-
excess
.
2,033
Co.^X.^.XlxX.-^XX^JC^X^X 1,016
Evans & Co., Inc..——^__x
Cleveland Cprp..._T._^X'--»X-,-.X—
$
92,771,418 :.
22,040,630
,
2,033
1,524
A.
First
Mason-Hagan,
Pacific
&
$ *<■"
2,950
of regulatory commissions, but in the opinion of the companies and
XX1" 2.950 "
their
Independent accountants,
the taxes chargeable to operations
should not be reduced by such reduction in taxes as to do so results*
* 1,967
"
1,967
: X in overstating gross income by such amount. xX ■ •:
*
.x'":x'''.,Xx;,
:
1,967
.
XX' NOTE—On
Feb. 21,
1946, directors declared a dividend of $1.75 ;.
2,033
Lemon & Co,^.X.i.X—1,524
Bissell & Meeds.*.—
—_X_ - " 1,524
D.
1
costs incurred in refunding of securities. > Such special /
charges were heretofore classified as provision for taxes or provision
in lieu of taxes.
The reclassifications are to accor'd with requirements
2,950
3,050
1,524
& Co.——X.^.X——_
and
♦Includes special charges in
and
/
X 2,950 vX
Johnston,
Stillman, Maynard
'
-
1,524
Elworthy & Co.....—_'_X_.X
1
X deduction of
,
XX
1,778
•
Eichler & Co.—
Bateinan,
Y and
' '. 2,033
:
Co..'
Miller &
1945"'
\
^
corporation .—X.—^.-
2,950
3,050
Co._.i-.4^.Xx-:-i—
X---X..XX '
and Co.^„_xx.x^..-^.x-^*X^^™wXXX.
Brown
:
2,950
3,050
-
————
—
Balance, before divs. on pfd.
XX
X
2,950
••XX" 2,950
3,050
^
''X
V
Appropriation; to special property reserve.—--
3,050
Co'.-_:_._____-_
*v^
216,255,999 207,876,695
Net Income
3,050
&
Boettcher
Alex.
taxes
income
3,050
Inc.
'
expenses
•
.....XXX—X—™.—. • 92,688,830
for depreciation^.—'X—x-.x.
21,402,702
of plant acquisition adjustments—X.— X 9,148,555
3;050
1.
Co.._X._.l„'_„^_X.X~-
1
.
.-
4,918 ;
3,050
Weeks,.-...
&
4,918
5,082
Co.__.__.
&
•
'
General
'■
'.. X'
4,918
Subs.)—Earnings
1946
r"'
_—
Xx;:
4,918
X
profits taxes——25,689,639 y 21,078,899
•.interest "on long-term debt of subsidiaries.^XX-X.. 14,726,919
15,708,113
*
Amortization of debt discount, prem. and exp..;, - 7,799,964 -X 4,886,998
Dividends on preferred stock of subsidiaries.^.'< 10,143,^764>x 10,983,123
Other
deductions
—.— X;
550,858.x
603,276
'•
V:'.*"X 4,918
•
I1'
—"
revenue
Federal
XY 4.918 U X
•
'
t
Amortiz.
'
5,082
x
x
Provision
•
X'
'
>
^Operating
■
5,082
^
Co._____
X Equitable
Securities
Corp.___.,_-__™.™__i.™X
W. D." Gradison & Co..'
j
Clement
Chicago Terre Haute
•'
*
207,307,000
12 Months Ended Jan. 31—
Gross
xX
X;1:.- 4,918 ,X •
X-X'X 4,918
5,082
Noyes &
Rollins
Hayden,
'
;
lats
203,937,000
184,169,000
-
V
'
1946
'
% Decrease
202,468,000
182,910,000
Commonwealth & Southern Corp. (&
■
:
•
13,277
5,082
Langley & Co.w.
H.
G.
Chicago & Illinois Midland Ry.—Earnings—
January—
1945
182,814,000
'
1
<
-
:XXj
from
XX
5,082
Forgan & Co—
Hall & Co.,. Inc
Hornblower
■-
White,
.
T-u..
Webster Securities
Hemphill,
W.
.
period
corresponding
the
lWa.ifKijS;||
Immediately
Shareholders
13,723
;
:
^
'
Shares
Purchased
:X
from
Brothers'
Davis
H.
Harris,
—
>
Chesebrough Building Co.—Tenders Sought—
The
Paul
rate
held
' y
■
&
Glore,
'
;
/'
Company
Corp
'.A,-;,C;-Allyn -and Co.>-Incx.~i-^iw._^^XX-i:i
also
of
T
.
t
share
-
X:x
Purchased
Smith, Barney <fe Co._.
rate
•
.
is
-
'.
year: S. Waldo Coleman, Roy W. Cloud,
L. Eyre and Alan'Field:^XX
-X
'*
pay¬
last,
•'
•
,
the capita) stock, par $1, payable April l to holders of
14. v Payments last year were as follows: April 2, July
8 and Oct. 1, 6 cents each, * and Dec. 22. 35 cents.
The .following were reelected as directors to serve for the ensuing
5,082
Peabody ' 6c
Higginson
Lehman
divi-
the company
Pittston Co! at the
2,
4
This
8.
July
cash
X_
Co
Kidder,
$0.27
stock
common
from
decrease
',X
directors
The
"
5,082
Sachs &
Lee
■■
-
Dillon &• Co.
Stone
quarterly
value
par
March
common
for
the
$25
record
quarters.
dividend
1024.
p.
declared
on
•
,
x
■
Cbrp.i.,.._„^.___„_x
Harrlman Ripley & Co., Inc...^
$2,010 127
s
:
Goldman,
41,040^
$3,126,668
^
'
record
severally
.have
shares:
230,000
■
Eastman,
2,051,167
$0.41
19
per share
holders of
to
l
in
surplus
share
Feb.
on
cents
April
aggregating
X-;'-
Blyth & Co., Inc.
1 032 879
2,515,962
Regular Quarterly Dividend—
directors
of
able
to
below
named
""
Union: Securities
'
Earnings
underwriters
y -X'•
2,039,846
3,168,431
41,763
income——..
approp.
i
per
to purchase from the company and the selling shareholders
aggregate number of
common
shares set forth opposite their
respective names below,
074 252
•:
_____—
Sinking
'
UNbERWRITERS^—Th#
the
3,623',734
___
income-^.
—
,
Officers Elected—
subsidiary,
.'
—1,899,177
'
.
•.~,;-X':T946' X:
.
p.
Declares
agreed
reserve
I
,
'
Commonwealth
center-;
machines,
.
George E. Crothers, Edward
X
•■*"X -'■x','-'
X.X
following officers
of
X
X
X X
were
elected:
E. Crothers^ and y
The company has progressively expanded the number of its models X* Douglas R. Johnston, Vice-Presidents; Robert L. Cody, Secretary and
and types of products and at the present time produces about
180
Treasurer;
Alfred
A.
Hook, Chief Accounting Officer,
and II. K.
sizes of machines of 36 types, in addition to certain specially designed - stillman. Assistant Setyetary and Assistant Treasurer.-r-V, 162, p. 2815.
•
taxes____
milling
of
machines.
$16,526,305 $16,792,807
_____
income
country
•
'r
income
Federal
and
1946'•v'/''.:: 1945 -''C
.
,
this
'
:
*.
ZJ'ZmIT'
0
V.'lbJ,
is^ the largest manu»
X-• Shares xV-^
Chesapeake & Ohio Ry.—Earnings—
;•
•
.
,
capital and surplus, $8,-
163, p. 308.
~
,
<
in
producer
•
X
,
,
-
profits
excess
.
.
.
'
.
185,987,000
__
the fair cash value "thereof as
to be paid
-
•
.
;
February 16..,X—
February
9™
machines in the British Empire, manufactures
machine tools from the company's designs..
total;
$142,456;
,
(including income and
notes
611,040; total, $11,528,458.—V.
$494
-
9.7%
a
Week Ended—
automatic screw machines and turrei lathes."; The company's
which
is the
most
important "manufacturer
of
certain types
presses,
British
:
Current liabilities
deducting
assets,
.
..
leading
a
milling
U. S.
(after
notes and accounts receivable
reserve), $1,171,935; inventories, $2,968,784; other current assets
drawings.
.
'•
*
*
-
..••••■•••.
1943
$131,669
31,768
12,736
XPollowingXareXthe kilowatt-hour output totals of the past four weeks
and percentage comparisons with last year:
•
type
and external
centerless grinding machines,; cutter- and tool
grinding machines, surface broaching machines, and centerless lap¬
ping machines.
Certain other manufacturers, however, produce certain
sizes and type»-of such machines in
larger quantities than does the
company.
Moreover, the company does not produce such types of
machine
tools
as
planers, shapers,
boring mills, radial drills, drill
16After
in
'
showed
16
1,UI111U1CU
LJ.law
If it shall be determined that oULH U UJCG HUli. was
such objection W ao
such shareholder is entitled under Ohio law to have
made,
•--
—
f '
.
,
,
excluding
the fair cash value of his shares.
such shareholder that it disputes his legal
has advised
X
1944
$126,080
.26,519
10,975
1945
$173,515
45,921*
21,182
Electricity output of the Conimonwealtli Edison group of companies.'
sales to other electric utilities for the week ended Feb.
-
X facturer of machine tools in the United States on an over-all basis,
845,000
$500,626-
income
Earnings per
stock (par $25) of the' company
recapitalization on Dec. 28, 1945
'XX CHARACTER 0!F BUSINESS—Company, which
J6,621,944
14,070
•.Net
properly
3,370,457
-
357,840
facilities—,
emergency
<
Ry.—Earnings—
1
to object.
^.hls ishares appraised and
qpt (Pec; 27, -1945.
V
4
$10,684,784 $11,353,711
'
4,266,7873,859,468
2,573,253
t4,832,759
—227,484
' 365,996
—
of
Amortiz.
dj 1 x,
1844^
1945
—$7,940,059
tSelling, admin. & general expenses
inc. & excess profits taxes
Federal
1943
$1,050,295
416,962
257,301
Commonwealth Edison Co.—Weekly Output—
x
-
common,
the; company's
to
■ ■
as
company
right; so
1946
prior
'
'
incorporation, and has demanded
The
'
(& Subs.)—Earnings—
sales-
on
of
v"1
V;'v"y,!^
>'«
•
of 640 shares of
A holder
(converted,
'•
•'
„
shares will be out¬
common
■■
.
expressed by the terms of such recapitalization, into
5,760 common shares,
par
$10 per share, and 384 4%
cumulative
X preferred shares (par $100),Xhas objected to the action taken in
the adoption
on
Dec. 28,
1945, of the company's amended articles
,re¬
^
X>V'V!/T:~
12 Months Ended Jan. 31—
♦Gross
exchanged will 'be called for
.
outstanding
X
^
;
prior preference stock
demption.—V. 162, p. 2388.
•'
prior
the sale thereof, 850,000
upon
standing.
the
■
359,798
176,379
194G
$133,429
13,327'
709
January—
Gross from railway.,-,
.
'
U.
of
29.
143,234 X
46,374.
•
*
>.'4% cumul. preferred, shares (par $100)
60,000shs.
48,874.2 shs.
Common shares (par' $10)-^-^*——X-*
1,000,000 shs. ,*733,113' , shs,
"
.X f Does not include the 116,887 common shares tp be sold ; by the
-76,788
•
;
,
X
at Dee. 31, 1245:
CAPITALIZATION—As
.
158.609
»•
offering to holders of its outstanding 6%
is
1944
$1,250,231
438,667
229,340
1945
-
-
$939,128; $1,212,691
railway—
JfJet ry. oper.'income™
~V. 163, p. 1025.
*•'1943"
1944
$759,245
opportunity to exchange such stock on the basis
outstanding 4M>% prior preference stock, plus $7.50
for each 6% prior preference share held. This offer will ex-
share
one
1946
.
railway—;
from
Net from
-
*
.The corporation
preference stock
of
SEC—
registration statement with the SEC
a
75,000 shares are being feold to the underwriters by certain,
The. price to the public will be filed by amendment, X; /
X -The net proceeds .to be received by the company from the sale of xy
the 50,000 shares, together
with the net proceeds" from the sale of /
$2,000,000 15-year 'Zr/* sinking iund note, will be applied in part to
the prepayment of the company's
lft % 90-day promissory notes in XXx
the amount of $2,750,000.
The remainder of the net proceeds is to be
added to* the company's. general corporate* funds and may be applied
to capital expenditures on- company's property estimated to cost $2,400,000.
The proceeds from the remaining shares will go to the sell¬
grinding machines in England; Cincinnati Milling &
Machines, Inc..^ the sales organization; Cincinnati Grinders
Grinding
"
.
.,f
shares of capital stock, par $7.50.
Of. the tctal 50,000
being sold to the underwriters by the company;
The re¬
125,000
shares
machines: and
Corp.—Makes. New Exchange
:v'-.'
.
,
maining
wholly-owned subsidiaries of * the company are Cincinnati Mill-
The
,25,264
.
Feb. 20 filed
The company on
other
or
other
in the La Rosa
the-company
by
.$250,oqO.;pVx 163, p. 308.
Colonial Mills, Inc., N. Y. City—Registers with
•
unaffiliated sources;
of the company not
allocated to specific purposes, will be available for the general cor¬
porate purposes of the company and its subsidiaries. '
v
X
-estate
?
•acres
have ( been purchased
^Refugio^County^ T^as>X*or
1945, "at
15,
field,
state service
the 116,887 common
sale of
the
XX
owned
•operations
funds
company
v.
that it has organized a new
Airlines, Inc., which initiated
20 announced
corporation on Feb.
wholly
230,000
by the company will restore to the
expended for capital purposes during
follows:
(a)
$2,115,378 for the redemption
and
issued
'
105,790
826,789
Claude Neon Lights Co.—Forms New Subsidiary-^
The
110 plus dividends, of. the.. 18,972 shares of 6%?
cumulative preferred stock (par $100), and (b) approximately $400,000
for capital expenditures for
various machinery, equipment and real
123
•
-* 121,676
oper.
.Offer—
$2,217,723
987,
p.
.
•
570,199
stockholders.
1
-49,000
1945
$571,314 X
from
Net
'
1946
from
$2,241,197
142,290
488,742
xX
.
'
•
January—
Gross
113,832
$2,927,670
_xX-iX^-iX±.X'
dividends
,163,
Offered—
*
,
Central Vermont Ry.—Earnings-
;-
be
of the
Oct.
on
• 21,400
"
.
v'
to
the. past
*.,<.» f.««' f, »;■ ■ »> :•'<*%$:
$133,362
' 22,807
-
:•*
requirements--
Balance
.
Vtf'V.
1
•
Co.—Stock
Machine
PURPbSE—The net proceeds from
shares
.treasury
$158,135
x
—
dividend
"?*!.
-
■;
1
1
i'ncomeX
Net
•
.
^Preferred
'
•
—1—
_X
/'
r
Milling
offered, 113,113 shares are being sold by stock-i
.'holders of the company and 116,887 shares are being
sold by the-company. The issue has been oversubscribed.
$133,239
:
Dr96
■
-
*—
»
XX'
$158,231
profits tax———L'„
excess
X -Balance surplus __XXX_JX_—iVl.X
X
'
COMPANY—-Company was incorporated" Nov. 21, 1922, in Ohio', as
1946
1945.
'XSuccessor, to; a business established in 1884.; Company and its sub'; ' $429,272 X,' $403,424 X^idiaries' are
engaged in the manufacture and sale of machine tools
.xX
271,041 *
270,185
—
Federal normal
' :,v"
.
X^nd. related-machinery p,nd products..
.Deductions
Federal
\F;* '"n,i ,/xJ
—Lw'
income———
Gross
-.
•-
■ .
—
income—
income
J":-; 1 ''i-r.":*''*"vK•-*'"i*
•/
X
shares
Corp.—Earnings—
-
expenses
operating
alphabetical
alphabetical
in- exact
always as near
j ($10 par) common stock at $31 a share.X Of the
must be a
them if they
\y'
i
.
.
Operating revenues
Total operating
are
possible.
always
not
Securities. Corp. headed a nation-wide group of
banking houses that offered on Feb. 28 230,000 shares
897.
p.
Central Vermont Public Service
.
is
companies
However, they
as
it
reasons
: Union
five
the
•
■
mechanical
arrange
—V.
there
using
passengers
service."—V.
'V.j*'
452,800
special charged j$5,452,284 $2,832,170 x$2,219,155
X
Prov.-for general"contiiigencifes-j;-,2,475,267
589,616
British subsidiary provXlov develop. :X?X 48,336... X' X
X'.:'z~i:^YXY
Equity of minority interest—.,.,,—„
1,011 ;
1,356 a
1,43.1
; x
Net inconle before
Common
•vately—Paine, Webber, Jackson & Curtis* and Loewi &
have placed privately 5,000 shares of $2.50 cumular
tive preferred stock ($50 par).
This offering increases
the total amount of stock outstanding to 40,000 shares.
Proceeds are to be used largely for the retirement of all
•outstanding preferred stock of the La Crosse Telephone
.Co;—v, 161, p. 876.:
*s"
1
'
■/
-
•Preferred'dividends^^
■Co.
l\.•
'
■■
tax
XiX
1,074,571
2,198,185
252,000
,
profit
a
in
up
continued
to
position
W'X'V: •'"•/"•XXx X:.,x
- X-x.1 x. XXX
- X;x,'/-•/
X,\, ..."
- . .\v:v,*.V
Central Telephone Co. — Preferred Stock Placed Priare
■
82,629
1,081,994
4,818,110
profits tax—„—' *12,754,412
& excess profits tax
750,546
excess
283,254
$5,761,630
17,717
■
,
sufficient passengers to warrant their continuation.
Central does not expect that these five trains ever
Jersey
-
'
NOTE—-For
possible
•trains do not carry
X
'Federal
"British inc.
™
operate them for
reconsideration
a
$2,944,872
1,397,448
407,281
,
are
we
will
$9,267,704
———
1
•
'■
$5,478,375 j
404,773
y ' Total • income X—$20,506,113
Other, deductions ,._i,
467,095
'Federal normal inc.-tax and surta*' ' 1,081,775
1943
649.'
p.
were
were
whether
determine
.
.
the
these trains back
a substantial test
patronage warrants a permanent con¬
tinuation of them and further
action
with respect to xthese trains
;wll. ba governed by the result's of such operation.
This is in line
with
the
decision
of
the
PUC
on
Feb.
5,
1946, which granted us
'in
163,
at
1944,
Transportation, because. of
Defense
/'X"'X.X.x;X'..<
emergency.,/ •,
Pointing
about
of
discontinued
67
among
Office
the
1945
from railway—$2,295,543
from" railway——.
540,849
Net ry. oper. income™
302,368
'
/. X
1944
$3,023,432
$2,850,264
1,043,016 x 891,076
381,840
341,988
1946
' ^628,670S X
^\'.■-■'■» 1 >>.;<',x <:Y;
623,708
other income
Texas Pacific Ry.—Earnings
Net
j
a
fiVe
order
'
/
'
January—
Gross
five suburban trains would be restored, to; service on
substantial test period* to determine whether patronage
permanent continuation of I them. XXXxXX' *
XX XX
Commissioners
for
.
;;x
....
1943
.x ,'1944
,
1945-*Vx:x:
Gross sales less returns
—
$93,421,485 $51,302,432 $45,110,598
'Cost of products sold——.
—X—62,485,455
35,851,698 33,003,552 •
.
-
also applies'for authority to add to the list. $1,515,000 of first and ;
refunding mortgage bonds, .due Jan, 1, 1994, uporu notice of issuance.
Selling, admin. & general expenses" 11,053,624
6,587,802
—v. 158, p. 1240.
•
:i^.;y•■>vy.;^'■ ■?.1■■ ' w;■
;■ •
x;.
../ ■ ■ - x- v"X' x x xfyjy ■x,x*-;xx:yw?.uXYY U- Gross vprofit
-•
$19,882,405 $8,862,931
Central RR. of New Jersey—Service Increased---;' •>
William
March" 4
aforesaid
the
CONSOLIDATED INCOME STATEMENT, YEARS ENDED DEC. 31
plan of reorganization for Chicago, Milwaukee, St.
RR., the lessee and operator of the property securing
bonds, which is owned by the company.:. The 'company
the
to
Pacific
&
Paul
The
dividend
the
curities
on
the
preferred
Stock "of $1.75 per
SEC Approval
share was declared
directors on Feb. 21 subject, however, to an order of the
and Exchange Commission.
The payment is proposed to
Se¬
be
the Commission's order to the- holders
of preferred stock at the close of business on the 14th day after the_
date of such order.—V, 163, p.. 1025.
-,-'X •"
made 28 days after the date of
The
company
on
Jan.
2,
last,
paid
a
dividend of $1.50 per share
Volume
163 ;
^
triDution
Number
:
preferred
or
$1.25
stock,
while
share
per
THE COMMERCIAL & FINANCIAL CHRONICLE
4469
in
was
each
quarter
made.—V.
163,
during
1945
1025...
p.
of
works
the
ini'J
1945,
,
served
lor
the
energy of subsidiariesy
rrpnprfii
mismpss
general business pnnriit.inns of
conditions of
Feb. 21, 1946,V amounted to 231,-
ended
decrease of
36,813,775
The
Rbnw
show
to
week
as compared with 268.625,378
a
for
the
corresponding
163, p. 1025.
13.70%.—V.
or
week
in
;
xr w—
•
T
Butcher
—
f
&
_
_
Sherrerd.
—.
The
stock
"
.
are
no
the
of
sum
to
$135
and,
share
per
this
such
upon
in
into the
company
new
liquidation, for the
cash
to, the
public
li. iH/
UUW*
I
170,900,000 kwh.
of
5.7
'
*»«
%/f-p-vZ/ip!s T fy-v 'i''
J w vw**»
w M
.Pennsylvania
.
Co.
!.
y
K
for Insurances
Lives and
on
CAPITALIZATION AS
•
\ •
4%
.
'
($100 par)______
.
preferred shares
CommoA shares
($5
The shareholders
1946p-/''*■+<' 1:C~*
: v
'
Authorized
Outstanding
20,000 shs.
so
determined
would
be
(D)
-
20,000 shs.
100,000 shs.
'•••
its
ASSETS—
Utility
'
-
•
•
-
V
that
not
in
granted
on
* -
"
-
•
r
.
of
-
\
Philadelphia
Cash
"
h
a
Market Street Title &
The Colonial Trust
Co.
Bank
and
March
Trust
20,
1929
Co.
and
With the
i;
North
Co.,
Philadelphia
Trust
1, 1929, Chelten Title Co.
accepted the provisions of the
became constituent
companies.
Co.
2,201,557
and
(less
year.
'■
principal
and
a
Mr.
ern
21,799,343
20,225,295
>
Gibbons
interest
is
Insurance
the
22,298,282'.2,935,821
certain
on
and
which
Co.., which
received
stock
had
in
carried
on
title
a
insurance
result
of
Provident Title Co.
the
dissolution, all of the
transferred
were
delphia. including 8,701.4 shares
Prior to
-
1940 the
which
pany
policies
the
to
searches
for
titles
request
make
Provident
the
capital
predecessor company was
examined
at
mitted
of
to
of
other
then
issue
return
stock
the
of
basically
company.'; ' Other
service
a
settlement
Dividend
com¬
to, provide for
:
On
»
Jan.
became
be
1,
the
reinsurance
a
1940;
effective,
constituent
under
which
>
Ritz
Carlton
Hotel
Co —V.
163,
between
the
the
contituent
predecessor
a
service company and became
an operating
insurance policies to all
persons and made
ceased
Co.^which
ifespectiyeiy.
•
3,
all
1929, and Sept.
agreement
of
the shareholders
and
merger
of
\
:
shares
title plant, real estate and
Pennsylvania Title Insurance
of
1944,
24.
assets
take
for
an
the
equalizing
dividend
and
merger
of
investments).
Co.:
$304,800
consolidation)
so
as
exercised
to
option
a
Co.
take stock
-Title
its
title
plant,
incidental
7»nd
1
t
in
and- $277,000
the company.
Insurance Co.
to
its
furniture,
its
title
consolidation
was
from the
in
the
Other
books,
records
business.
The
of
and
for
to
agreement
of
the
as
/
total
—
underwriters
preferred
Redpath
and
-
Battles
'
*
12.50
1025/
Janney
A.
"•
E.
&
Unamortized
5.00^
lnc.-,
Inci!—*
Co.,
3.75.
.
deferred
(
,
of
New
York
has
ilAEiLiTifis—
bonds
■
.
plans
/Works
-
with the SEC designed
rind
Electric ! CO.,
interest? _^.!-
:/
and
Mortgage bonds
filed
accrued
matur.
Customers'> advances
,
certain
.
further the conformance of its
holding
company system to the requirements of Section 11 of the
Public
Utility-;!
.Holding Company Act of 1935.
.■
!■
This
;
Company
company
>agement
system
and
is
subsidiary company in
and its subsidiary companies
,
■
G.
^ / For
W.
a
operation
»that system.
(
to
.
Chapman,
,
with
.
-
the
other
u
President,
the
are
.
American
grouped
the
for
operation
plans
of
of
all
for
the
waterworks
the
retirement
I
companies
of
-•'.
I
the
will
be
continued
remaining debentures
of
and
The
this
3,009,810
;___!__
plant™
sented
!™___^
by
$605,275
2,188,890 shares..
in
1945
&
Power
In
charged
to
surplus
the
on
with-the
the
and New York
capital
$1,363,354
and
'V(B)
For
(2)
1945
will
of
stock
approximately
companies
(he
books
find
Inc.
by
*191,147
139,624,965
'6,116,604
-
-
v.
•
' >
J
129,043
4,180,956
199,995^,714
803,092
199,995,714
392,095,820
392,095,820
it
-use
balance
the
three
expense
end
to
$6,000,000'
in
York
P.
1944.
shares.
S.
tRepre,
vr
Commission,.
the
on
on
plant
acquisition adjustments ac¬
companies aggregating $52,356,632,
the
books
of
Brooklyn Edison- Co.,
Queens Electric Light & Power Co. aggregating
agreed
is
in
reduce
rates
of
the
companies
annually.
estimated
the
electric
that
the
consolidated
company
Federal
-
'
,*
*
S.
$2,177,352
400,951
404,861
$919,247
$1,772,491
72,580
94,193
$991,827
$1,866,684
$473,96665,650
gotiation
Provision
in
97,043'
107,748
respect of
99,668
603,441
254,298
1,335,666
rene¬
(net)
for
.:
$539,617
profits tax.:
Govt,
1943
/.
$1,320,198
458,260
Federal and State income taxes—
Due U.
•
•
$932,227
(net)
excess
1044
1945
—
Profit before renegotiation of war
"contracts and taxes on income-
Profit
109,836,868
$368,079 in
by 11,476,527
New
'
Louis—Earnings-
_______—.—
profit
income
St.
"
sales__v.^
expenses
Operating
Other
Co.,
166,992'
;
post-war
adjustments
100,600
100,140
York
of
profit on
Operating
70,895,920
100,140
its
and
income
tax
-.v.ft:/!;'';«■/;!/!
S
<
'
'
Manufacturing
Years Ended Nov." 30t—
Gross
for
subsidiary
return
an
'?■ V1;//
year.™-—™
$188,276
Dividends paid!
Earnings per capital share
^After
1944
deducting
•
_!, 1,181,476,336 1,061,220,101
the
company
connection
count
demand in the.field.of electronics.—V.
163, p. 1025.
688,006
and Queens Electric Light
Consolidated company, were
July 31, 1945. ?
'
' V
above-mentioned merger the companies (1)
Co., former, subsidiaries
into the Consolidated
merged
Plainfield, N. J.
^Federal
and
^Represented
NOTES—(A) Pursuant to order of
Brooklyn Edison Co!, Inc, and New
>
•
-
78,527,303
of
reserve
and its wholly-owned subsidiary, Con¬
operate two other plants in Providence, as
Bedford, Worcester and Brookline, Mass., and
company
of America,
factories in New
corporation reported sales of $19,851,745 for the fiscal
yaer
Sept. 30, 1945. It is announced
that, despite the cancellation of
Gevernment contracts, sales since the end of
the fiscal year have held
close to wartime levels.
This-has been due, it was
said, to many new
aplicatiOns for capacitors in the last five
yers, and to the growing?
9,517
:>!.-
/
?'■'
1,500,000
»!
The
Corp.
The
in
"After
a
factories.
as
South
214,921
3,865,337
2,726,613
1
U
g Total
;;
! v
2,736,113
•/"'I,- 54,462
and
par)™!
par)—™_™!!__
(no
Earned, surplus.
/i,-/f
management
for
tCommon stock
„"i
years
provide
Reserve
7,500,724
2,938,635
1,353,386
following Jan.
construction
credits.'-/—!__
depreciation of utility
reserve.!i___—^_____
Miscellaneous reserves
Contributions in aid of construction—
t$5 cumulative preferred stock
(no
mah-
subsidiary water companies
,
states:
for
deferred
5,903,795
6,075,223
!'
*
for
of
denser
125,000.000
'
liabilities
Injuries and damages
holding
this company has been faced with serious
financial
problems. These problems have become more
acute as the
maturity of
.Its $5,235,000 debentures approached.
During the latter part of 1945,it was necessary for this
company to sell four of its
subsidiary com- '
.panies in order to provide funds to pay the
$2,489,000 of 5.50%-gold debentures, Series B,- which were to mature on
March 1, 1946.
The
other issue of debentures,
namely $2,7.56,000 of 6% gold
debentures,?
Series A, will mature on Dec.
1, 1946. In addition, no dividends have!
been paid- on the $7 cumulative first
preferred stock of the
company,
since March 1, 1932,
and, at the present time, the
company has a ?
1 substantial deficit in its
surplus account.
/The plans filed by American
provide,.among other things! for the
seggregation of! the waterworks properties of
the present
American
System, including those controlled by this
company, into a separate •
holding company system where the present unified
many
: «• other
other
$132,835,000
2,759,440
payable
Payable' to subsidiary cbmpanies—
.
its program to expand production to meet the
increasingall types of capacitors, this
corporation has leased two
large plant at 55 Cromwell St., Providence, R. I., as of
April l..r This new manufacturing space,
comprising 26,000 square feet,
will be used as a
feeder, producing subassemblies for the company's'
floors
Curtis
8,052,152
!_^__!_
.
firsfc!mortgage - bonds,
*
17,633,056
Dividend
Current
St,421,73Of
125,000,000
!
company
Cornell-Dubilier Election Corp.—Leases New Plant—-
2,139,246
105,880'
$198,151,000
!\_
payrolls
Other
Inc,' has
;.
__!—
payftblA..,.—
!•!—■•
______!/_!!__'
"
'
to
are
opinion
and its independent accountants, the taxes
chargeable
to operations should not be reduced
by such reduction in taxes as to
do'""fed. results in everstating gross income by such amount.
.
!___-;^-w—1_—__—:
-
$3,653,706
ended
1,181,476,336 1,061,22(1,101
'
.
Water
$4,634,576
preferred
In line with
1,500,000
568,449
343,051
:T,422,392
Customers'"deposits!—__^!__/:_!_____i;____-
'
-
! 3,104,944
$7,078,525
3,424,819
or provision in lieu of
taxes.
The.reclassifications
with requirements of
regulatory commissions, but in the
the
demand
1,399,342-
2,685, lit
■
76,905
$7,739,520
'J-L
^Amortization of debt discount, premium and expense includes
special
well
__!!_!_
1,682,331
99,735
L
...
2,512,980
6,898,085
'
5,690,688
27/8%
series due 1975, are : now
being exchanged for temporary bonds at the City Bank Farmers Trust
Co.,* 22 William St., New York, N, y,—V. 163, p. 777.
;<
\
.
expense, less
11—_1—'
Accrued
*
Vdat^d--
;
Accrued
been'
par value /common stock.-
'
-
(
and
2,851,932
4,120,869
4,249,446
J—L._;—
Definitive
12,954,067
Accrued" "faxes
v-
!,j ;; Couimiinity^^ Water ServlcEvCo/ (Iilc.L ^
*:American
1,186,404
debits-^.--.
-
TOtAl !i'_!
Mortgage
.
dicount
4,922,154
.
'!
^-Definitive" Bonds
10,734,115
TT,976,315
.
'
100.00%
Hotel,'Inc.-—Registrar Appointed-^-
debt
X
2,000,000
1,097,577
on
"Balance
1,146,951
855,918'
22,000,000
17,957,927 !
asSPtr_
work in progrtss!!!/___l__
Other
.
3.75
■
163, p, 898.
v
>•
34,619,377
premiunt
Otkef
,
3.75
.
'
■
5.00
i/—
&" Co.__.___!
Ntasten & Co.!_!_
The Sterling - National - Bank & Trust Co.
designated registrar for 500,000 shares of- $1
"—V.
1,666,917"
40,790,790!;'.
from
Debentures
.
1,653,694
:_,-i!_—
:Pfepaid;!'insurariee>Tents,-'etri!:!!//L/!!/!!--/;;
\
-
profits taxes^
disct., prem..ffnd expense^_^_/,
deductions
accord
772,145
State of New York^.-^..^
accounts—_—
current
.Accounts
Commodore'
875,539
Cash deposited Tor, pa yment of.
mtge. bonds
Z
6.25
fund
Other
be
.«■r
excess
lbng-term debt.!:
of
•336,792,143
-
1945
:
charges in the 1946 and 1945 periods of $5,276,383 and
$1,118,926','
respectively, equivalent to net reduction in Federal income and excess
profits taxes "by reason of deduction'of costs incurred in
refunding of
securities.
Such special charges were heretofore
classified as provi¬
vj'^cr,
154,453,119
*
V
..
1946
:
debt
•^
^^75^41
>
898.
p.
sion for taxes
3,875,584
subsidiary companies-/!.
163,
—J.
:
of
,
'.
-643,235,006
•-'- 3,186,509
disposition:
^
for
Dividends
;
3,186,509
subsidiary companies.!.^.
Materialis ahd "'supplies! (inc-1. 'construction
materials); at ■ average/ cost'!;—_!!__/
the
to
v
held
property
—
Receivables
;
shares
in
incl.
U. S. Treasury -certificates of indebtedness.Accounts receivable
merger
—
Stroud & Co.;
12.50
Cov,
Smith, Barney &
Biddle, Whelen*.^ Co.
pv
of
other
or
/Commissioner,
Other
data
Auchlncloss, Parker is
17.50
12.50
163,
several
903,407,110
i
property,
.:»
/maturing: the following Jan-, l!.!.!/!!!/^!:
17.50%
&
Sherrerd.
Drexel & Co_!
Harrinian Ripley ' &
L-V.
the
number
*
physical
sale
Cash
:
follows:
Pierce,
Fenner & Beane—
Butcher
of
names
;
->'1944.: /
:
-
$2,267
macle for depre¬
'*
SEPARATELY)
1945
been
/,>;•
:■
.
expenses
on
-Other
158,824,113
,
(COMPANY
investments, at cost or less___Securities
deposited
with
the ; Industrial
approved by
UNDERWRITERS—The
DEC. 31
has
-■•!;
,
below.—V.
revenue—.;
income and
7,60o shares-owned by a subsidiary).
SRepreshares; in 1945 And 11,471,027^/-sharer in T944
Other
$174,189,
other
!/;
Co.—Earnings—
'■Amort,
(not incl.
11.476,527
Investments
did
and
company,
amount
$1,5^6
allowance
no
Corp.
Interest
1,323,687,070 1,409,919,908
/Utility plant
the shareholders of the predecessorcompany
and
of
Pennsylvania
Title
Insurance
Co.,
and
by
the'
Insurance Commissioner of
thq Commonwealth of
Pennsylvania.-
Merrill Lynch,
.
cash
reserve
fixtures,
insurance
several
percentages of
purchased by each are
/
in
2,111,370/
199,301,313
391,907,912-
89,801,828
20,333
$55,111
$61,622,108 $57,032,597
26,592,384- 27,801,973
depreciation-j-j^^j;-!!'/—^..^—
6,581,250
7,280,525
Amort, of plant
acquisition, adjustments.
2,466,478
2,910,642
General
taxes______^!_^.—'___—!__—3,280,454
3,228,893
Federal
i-V. v 2,484,312
...
392,095,820
//Capital'stock expense^//._>^i___^_,__i_u^
Company acquired from Pennsylvania
reinsurance
....
ASSETS—
liquidating dividend consisting principally of cash and
securities
having book values of
approximately $661,180 from the Pennsylvania
Title Insurance
/rot
.
20,172
Republic. Pictures
Provision
3,305,765
36T470
par)___L/(. 199,995,714
2,093
$75,444
$50,813
write-offs_/_-_—!__^—___.
12 Months Ended Jan. 31—
7,092,253
7
construction
■
on
180,225
$73,351
$70,985
>
expenditure-!
Operating
148,001,108
2,395,230!
BALANCE SHEET,
adjust the
their
214,613
3,636
Consumers Fower
GrosS
1,059,606
7", 122,945
-
;
1944
23,850
$253,575
$67,349
"
•
share¬
received
1,379-,428
(not-i»eh-5,500rshares"owned:'by:a subsidiary);
dated
The
(having
t
1,500,000'
reserve
of
See
.
6,037,018*
2,726,612
.
..J
in
1944
26,940
'$281,962
•/Consolidated Film Industries, Inc.—Merger, etc.—
4,941,907
1_
and
surplus
'sented ^ by
1929,
consolidation
18,824,241
&^335,754 I
>
'Mncluding plant acquisition adjustments and sirhilar items of ^
ap¬
proximately $10,200,000. tAfter reserves of $786,649 in 1945 and
$776,-'
823 in-1944. - tRepresented
by 2,188,890 shares in 1945 and 2,181,290
predecessor company received
of the company fof each share-
(including its
holders
Feb.
aid
in
Total
persons.-
19,
1945
>/;
Net' in dome. J
share of capital stock ($100
par)
of capital stock
($100 par) of the
predecessor company. The company
acquired from the predecessor
company all
its business and assets
•
Earned
to
the
one
construction
in subsidiaries
t$5 cumulative preferred stock
(no
i'Commort stock (no par)
.
.
the
1944,
for
Minority'- interest
.
to
15,
Dec.
on
;
Pursuant
March
were incorporated
advances
Contributions
1
...
.
Ltd.—Earnings—^
NOTE—In the above figures
ciation.—V. 162', "p. 2940.
8,907,196 V.
2,736,113
1,772,836
liabilitiesLwi___
which- issued
company
settlements for
Title
accrued
Injuries and, damages
Pennsylvania Title Insurance
Co., a predecessor, was incorporated
Dec.
22,. 1938,
by
agreement
of
merger
and
consolidation
dated
Nov. 10, 1938, between
Pennsylvania Title Insurartce^Co. and American
.
and
before
Capital
193,345,000
deferred/credits—^
1,103,368
for depredation of
utility plant.*-;. 1! 163,863,693
companies
company
V: •;-. •
provision for taxes...
/ Profit
6,237,265
Miscellaneous reserves'
.
1025.
p.
Total
$132,835,000
125,000,000
4,434,566
3,177,654
-
%
a
<
other
Reserve"
companies, and the other
'
reserve.
agreement
an
-
.
and
operation and provide
of
;
payable
current-
Customers'
per¬
certificates
!
...r
Mortgage bonds matur. the following Jan.
insurance
was
—L
taxes
_____
than
the investment
on
307,173.
1,697,523"
9,459,554
21,088,014
Customers'.; deposits
the constituent
companies, but it could
not issue title
insurance policies at the request of
anyone other than
the constituent
companies without their consent;-Until Jan.
1, 1938. the
only charges it was permitted to make
to constituent
companies were
/of two kinds; one to cover the actual cost of
v
v
■
94,884,000
-
interest
payrolls
by
of Phila¬
issued searches and title
constituent companies.
It
and
;
1,323,687,070 1,409,919,908-
mortgage bonds and debentures
Accrued
Co.
Trust
—:
Accrued
the
of City'Bank Farmers Trust
Co., North¬
Investing Co., East River Savings Bank and
City
Operating pfofit.—
Non-operating revenue.
3,310,006
1,451,544
payable
Accrued
owned
and
the
examinations
clients
assets
co.'s
Accounts
con¬
of
director
a
Co.,
Development and operating costs.
1,181,933
3,121,086
440,150
—.i
Subsid.
a
company.-
Quarter Ended Dec. 31ore milled__L_____
LIABILITIES—
v-
companies
-
••Total —ill
predecessor company.
On April 26,
1929, Commonwealth Title Insurance Co.
changed its corporate name
to Provident Title
Co., and that company was dissolved on June
18,V 7
1945.
As a
subsidiary
expenses
premium)__
Company's mortgage
bonds_™A_l!_——$198,151,000
Company's debentures
125,000,000
business,
the
of
«__w.
Commonwealth"
Title Insurance
■if,
„•••.<
-t
bonds
subsidiary
a
Coniaurum Minos,
r
exception of Provident Trust Co. of
Philadelphia, all of the
constituent Companies had
engaged in the title insurance business and
became shareholders in the
predecessor company.
Provident Trust Co.'
of
Philadelphia was a party to the March
20, 1929 agreement because,
of
its
ownership of all of the outstanding stock of
■
-
Tons
1,500,000
1,581,813
6,001,086
988,792
arid
•,
.
contingent liability the guaranty of payment
Douglas Gibbons, President of
Douglas Gibbons & Co., Inc., a real
estate firm, was on Feb. 26 elected a trustee of
Consolidated Edison;
2,224,248 7 Co. of New York, Inc.
He fills the vacancy caused last fall
by the
f-r death of George C. Meyer.
1,846,202'
20,948,921
2,502,532
Other work in progress™--™-™
Other deferred debits™
Ninth;
dated;/:
agreement
discount
and
company
wage
amounting to not more
the year 1945.
Additional wage increases
effective during the year
.1946.
Provision for the wage
applicable to the year 1945 was made in the accounts for
..
for
payment
of
mortgage
maturing the following Jan. I!-.!-..
Unamortized-: debt
company
/"/"Elects New Trustee-—
57,413,335
31,310,000
31,000,000
insurance, rents, etc.
and
the
basis.
the
1,181,447
'•
1,840,726 •'
46,324,244 r
Real, estate.'. taxes!/.—
Co.,
Trust
As of June
which
company
1946,
'
deposited
bonds
/
in--
was
amount
Jan.
17,
adjustment
.
Co.
the
individual
an
dated
7;
-._
.
$28,759,704).
the principal amount of
$81,174,000. The company also has
tingent commitment, to purchase
$13,710,000 principal amount
8,596,592
910,862
■
Corporated April 11,
1929, as the lesult of an agreement dated March
20. 1929. among Provident
Trust Co. of Philadelphia-and Continental-:
Equitable Title & Trust
Co., Industrial Trust Co.,. Integrity Trust
of
excess
agreement
outstanding debentures of
-
titles, liens and encumbrances.
v; The predecessor Commonwealth Title
utility
Federal
made
ih
$
5,719,264
5,308,288
is
an
(E) The company has
of
1,246,590,974
4,352,781
expense
of
consolidated
separately $30,310,000),
provide for depreciation
become
adjustment
•
™_*1, 174,495,158
—
Stock
been
depreciation
the
$2,300,000 applicable to
to
are
1944 .:-!■!
$
plant
Capital
Jan. 25, 1946, approved a recapitalization of
the/.*:' Other physical property, incl. property held
company consisting of the transfer of
$500,000 from paid-in surplus to
for sale or other disposition
/capital and the issuance of one
new preferred
share ($100 par) and / Other
investments, at cost or less—-—
five new common shares
($5 par) in exchange for each old share of
Securities
deposited
with
the
capital stock ($100
Industrial
par).
As a result of these
changes the Capital of
/
the company now is as
Commissioner/ State of New York
shown above.
<<
7
'"<••>
1 ■*:
7
. ■
- *
Other. fund. accou'nts_-_-<«_4-.__i--~—
'■£
\
COMPANY—Company began business April 1, 1944, having beeft in-,
.Cash;
corporated in
Pennsylvania March 31, 1944, pursuant to aft
agreement;';: tT. S. "treasury certificates of indebtedness.
of merger ahd
consolidation dated March
^Accounts receivable
15, 1944, between a prede¬
_—a!.—
cessor of the same name
and Pennsylvania Title Insurance
and
Co.; Com-' Materials
supplies
(incl. construction
7 pany is in the business of
insuring owners of real estate, mortgages
iftatefials)/. at average cost_/™^-™!___r
and others
interested in real estate from loss
6thef current assets.
by reason of defective
on
has
required to provide
Under
subsidiaries
than
•-
1945.'v
for
in
(company
present
■
■'
used
facilities
war
$35,880,000
charges in the accounts to
$31,009,704 (company separately
allowance
tax
;
■
deduction
of
v;as
with
No
,
V
of utility plant and amortization
$34,180,000
(company separately
for Federal excess
profits tax as
computations indicate no excess profits tax
liability. The
provision for Federal income taxes of the
company for 1945 represents
a
pro
rata part of the estimated
liability of the company and its'
subsidiary companies for the year 1945 on a consolidated basis.
Such
pro rata part is based on a
percentage which the company's iricome
tax, on an individual basis, bears to the
aggregate of the taxes of
all companies
computed on an individual basis.
Thfe amount of the
VA
CONSOLIDATED BALANCE SHEET, DEC. 31
i
100,000 shs.
-
par)
(C)
the
earnings figures for the three
Dec. 31, 1945 and 1944, were
given in the "Chronicle" of Feb. 4, 1946, page 649.
\
(V
Granting Annuities/
OF FEB. 18,
depreciation
approximately
aggregate
return
aggregating
'.Annual Statement—The
Preferred shares are exempt, in the opinion of counsel for
company, from the Pennsylvania four mills
personal property tax.- :
and twelve months-, ended
Transfer .agent, Provident
Trust Co. of Philadelphia.
Registrar, The V-
i'i.
the
■
;
the
tax
compared
kwh., compared with
week of last year, an increase
the, corresponding
for
w
for
of
and .amortization
income
company who have not exchanged their shares.
the common stockholders of this company will not
payment upon such liquidation.—V.
.162, p. 3070.
any
deduction
facilities
1944
plant
pay¬
preferred
this
plans,
entitled
4
,
trie
-
liquidation of
holding company
war
$28,490,000), compared with charges in the accounts to provide for
depreciation aggregating $34,508,933
(company separately $29,108,933).
For
/The company on Feb. 27 announced that System output of electricity
Wf UU
AUAVJI
(electricity-generated and- purchased) for the week ended Feb. 24,
1946,v amounting ** 185,600,000 1""u
to
kwh.; compared with 177,600,000 kwh.,
J"*
for the corresponding week of
1945,. an increase of. 4.5%.
Local dis-T
tribution <of electricity amounted to 180,700,000
;
$103 per share, y The offered
being sold for the account of stockholders
pThceeds accrue to the
company. y
; «
?
shares
and
of
holding company in exchange for
}r^
v••/":'
' Consolidated Edison Co. of New York,
Inc.—Output
;
—
\vas priced to the
public at
v
waterworks
new
.'
J
f
the
stockholders .of
Under
our issue of Feb. 25
offering of
20,000 4% preferred shares
(par $100) was made Feb. 20.
—
7
\
t»y a banking
group headed by Merrill Lynch,
Pierce,*!,
Fennel* & Bearie and
I
of
ment
of Philadelphia—Stock Of¬
fered— As mentioned
in
of
plan provides for the
waterworks
be
j Commonwealth Title Co.
I
stock
gtock.
outPut of electric
tn
tnis
aggregate
holding
public
comon
^eieWrnviLlc.i!owattJ,hour
lporation
corporation Adlust.ed
adjusted
Territory
with funds to be obtained in large part from the new water¬
company.
The plan also provides, for the offering to
preferred stockholders of tftis company of shares of the
company
dis-
a
i'Ty;/!:t!>
Weekly Output—
1155
BALANCE
Sssets—Cash
defense
$108,255;
bonds
XL.
on
deposit
trade
154,692
$1.45 /
$0.97 „l
-, '.
of
$56,473
AT
and on hand,
NOV.
193.365
50.85.
.
in
1943
\V/•:•■'•:>';••
SHEET AS
30,
$332,948;
and
$67,049
'■■-'.■;•'"•••
.
"UV S.
savings,
and
value
Treasury
(after
reserve
for
doubtful
accounts^ and discounts,
$9,500), $253,464; sundry accounts receivable, $8,574; inventories, $1,007,291; U. S. War Bonds, unissued
(at cost), $5,963; fixed assets
(net),
$407,557;
patents
and
deferred~jcharges, $38,252;
LIABILITIES—Accounts
balances,
trade-marks,
total,
amortized
to
date,
$4,985;
$2,858,832.
payable,
etc.,
$93,628;
$22,562;
customer's
credit
employees' war bond deductions, $2,429; accrued
etc., $21,182; Federal and State taxes on income,
$375,675; reserves (net), $156,201; capital stock (par $5), $1,000,000;
surplus, $1,221,700; Treasury stock (6,635 shares); /)r$34,545; total,
$2,858,832.—V. 161, p. 2555.
general taxes,
;
1945
$127,500)
current redemption value,/
notes at cost and accrued interest
(par
excess
profits tax refund bonds,
$81,960;
re¬
(maturity
S.
$606^000)$609,580;
ceivables,
/—•
credit
u,n~
'
-
-
154,692
—,
post-war
$280,637
wages,
?:!! TVA!)!--1 ,;' "T'"
s
Crowell-Collier Publishing Co,
One Stock
Proposes Two-for-'
—
"
;
Vice-Presidents—
Split-Up—Elects Two New
Dividend Increased—
If
stockholders for.
stock two-l'or-one.
an additional share of stock for each share held will be
about March 16 to stockholders of record of March 13.
Chenery, published cf CoLier's, and Edward Anthony, pub¬
directors
12
approved,
mailed
or
on
William
lisher
the
L.
on
Woman's
of
Home
share
the
on
25
special meeting of
a
Companion,
-A
stock,
new
holders
to
\
i
V*.; V.•;
1,
the
of
Chestnut
and
Sts.,
■
-Advertising
2,538,281
46,434,615
162,
i
2515.
p.
income
Fed.
(v-?/
&
tl,304,091
83,191
>;
'
J
-
.
Excess
ad¬
Balance
;
-
Res.
10,779,416
11,637,964
Dividends
49,343,307
3,000,000
1,600,000
43,917,466
1,956,802
61.722.723
2,160,200
2,160,200
6.008,724
2,160,200.
dividends
$2
.
4,50o,643 7:6,008,724
share —1-.
a
,
'
'Including
pur¬
with
f
<
United
The
be
sold
.
poration
cluded
the
in
The
aircraft
have
main
the
ground,
total floor
a
area
Accrued
$9,769,438
297,493
3,951,499
145,575
83,413
1,736,350
Federal
Other
taxes
1,135,644
989,206
78,647
75,348
918,189
—
Net
$152,318
$173,113
104,315
-
Depreciation
'
operating revs,--;
Other
'"
jut'-*)
income
'
47,987'*■
income
Interest
Other
$152,916
:
$174,173
obligations...,-
46,667
46,667
8,505
for
disability benefits
2,557,031
vV
$100,850
$119,001
;
7. 366,898
1945
37,262":
and
deducting
30,079,030
-
ry.
53 ,553,799
1940.—V.
162,
and
discounts,
deducting
§After
566.
p.
3,546
etc.,
income
Tanrsfers
..
;
from
7-
reserve
Balance
surplus
V_
Wi
Dividends
applica
to
order.
they
always
are
possible*
as
in
is
it
reasons
companies
arrange
However,
"'position
507,88ft'iOV6!i
Do
possible
(^
$1,550-,374'-fHC
■
mechanical
NOTE—-For
: 'KV-iS
inf
'
January-^Gross
Dallas Title & Guaranty
Company
Feb.
on
filed
21
Co.—Registers With SEC— vv
registration statement with
a
Vi?'V
!
rights to sub¬
scribe at $20 per share to the new stock at the rate of one share of
new for
each share held,.. The company reserves the right to sell any
unsubscribed stock at public or private sale at $20 per share.
' ,V
Of
the consideration to be received by the company, $10 a share
will
to
be
credited
and
account
The
account.
$10
share
a
will
increase
expected
capital
in
will
De Long Ilook
stockholders
stock
capital
Five
par.
163,
Feb.
Net
corporation
has rrened
163,
will
of 820
be
2,372
V
9,776
'
,
1945
397,973
233,001
,
$818,454
274,381
213,789
'
-
from
pr.r
issued
each ^hare
for
the
outstanding
of
The
to
the
on
Jan.
the
class A
of
class
and
A
five
the
on
Inc.—Opens New Branch—
new
that
branch
the
both payable April 1
distributions of 10 cents
class
stocks
B
1
and
stock
A
•
of
one
20
January—;V-;V'.-Vv
Gross
front
from
ry.
its
subsidiary,
in, Tuledo,
while
Decca
Distributing
Ohio, increasing the
total
the
1026.•
p.
—V.
163, p.
1945
cents
'
directors have
$3,524,060
1.372.531
860.129
entit!ed
309,597
•*:
422,649
l,lb3,951
497,761
stocks
649.
The
earnings
from
utility
'1946
Gross
loss
JPortion
funded
from
of
cost,
income
to
eral
—
$13,744,188 $12,239,677
thai)
taxes
—
(depreciation)
income
postwar
taxes.-
income
attributable
reserve,
adjustments,
fWhich
to
is
equal
such
800.000
company
the new
on
-
the
record
on
Feb.
on
$1.50
per
last year,
20,
011
the
declared
stock
of
Jan,
class
on
a
dividend of $1
With
SEC—■?
ters
The
filed
corporation
current appropria¬
provision
and
to
for accelerated
for all taxes
accruals
the
cost.—V.
reduction
163,
p.
in
1026.
Fed¬
.
(formerly
known
registration statement with
a
and
A
B
per
January,
Eastern
.
company
acquired
which
D.
all
of
operated
C„
and
the outstanding stock of 31 affiliated
chain of moving picture theatres in
a
throughout
Most
of
the
first
the
corporations
Washington,
Virginia.
The theatres cater to negroes ex¬
houses are "first run" neighborhood theatres,
showing
of
feature
pictures
in
their
respective
community.
Theatres
360
ing
seats.
with
111atic
the
the
group
features,"
stage "shows.
latest
screen,
safety controls.
size from 1,575 seats to
in types of programs presented, most show¬
in
range
They also vary
"single
presenting
in
a
few
The
booth
type
and
shqwing
"double
theatres-are
and
'
sound
j){
wi)L be
The
stock
a
The
features,"
and' one:
modern and are equipped
including auto-v
equipment,
<
1
-
.
(having
its principal
executive office
Conn.), was organized in Delaware
Co.,
at
in
of the property and assets of
(Conn.), under a plan of reorganization
acquired
.
,
liquidating
a
as
all
dividend.
dissolved.
.
Connecticut
company
in
1939,
The
Connecticut
company
..
after
having been engaged
in
in 1932,
^the business of consulting engineering since its organization
entered the field of manufacturing, commencing with a small
labor¬
developed a
such laboratory
largest installa¬
tions of industrial propeller type
mixers in the United States.
The
Connecticut company
discontinued consulting engineering in 1941,.
In
1940, the Connecticut company began experimental design and
development work on small pumps, principally for highly specialized
purposes.
Continuing this work throughout the war, it developed a
stirrer
atory
of
line
stirrer
wide
for
what
use
lamps,
The
general
continuing until
it had designed and
and mixing equipment ranging from
is believed by the company to be the
small pumps.
company developed,
in conjunction with The Re¬
Co.,
and manufactures a heat-dissipating unit
with radar and television transmitters, high pressure mercury
variety
The
search
and
stirring
to
of
Connecticut
Engineering
X-ray
tubes and other similar equipment.
intends to continue-to engage-in business of - the
heretofore conducted by the Connecticut company,
company
character
?
annum
Haven,
New
1946,
and
Engineering
stockholders
Of.
•
per
pursuant to which the company issued 218,297 shares of its common
stock' to the Connecticut company for such property and assets.
Sdcm'shares are to be distributed by the Connecticut company to its
C.-r-Regis-
the ("Lichtman Theatres") has
the SEC. pqvering 140,000 shares of
share.
preferred
of
30c
St.,
Elm
296
share
as
of
COMPANY—Company
received a
(par $1). - The s'tock is expected to be offered publicly
banking group headed by First Colony Corp.
?■
was incorporated in Delaware in February,
1946, and
common
later by
presenting
$6,481,730
Corp. of Washington, D.
Engineering Corp.—Stock
stock is entitled to receive cumulative
and is convertible at the option of the
holder
thereof into
two
share of common stock.
Such right of
conversion is protected against dilution.
(•
old
Theatres
figures do not include the; system inputs of any com-?
In both periods.—V." 163, p. 1027.
k
. '<
share
Each
one
District
••
above
dividends
share.
paid
Input—
2X,
priced publicly at $6.75 per
each
cents
a
2, this year,
>
•
Feb,
Units Offered—As
25 Amos Treat & Co. on
Feb. 21 offered 44,000 units? each consisting of one share #
of cumulative convertible preferred stock ($5 par) and
one
share of common stock (500 par). The units arq^/
Etc.—
50
and
With SEC—
mentioned in our issue of Feb.
participating
participating preferred stock, all
March 4.
The preferred stock is
amount
dividend
of
$5,
par
ended
week
Eastern
;
common
stock of $10 par value, which was reclassified in
share of class A and one share of class B common stock
being issued in exchange for each common share held,—V. 161, p. 1878.
April,
clusively.
•797,000
$7,908,404
....
for
449,082
800,000
^Operating? and maintenance charges,
and
on
290,250'
124,284
estate
employees' retire fundi
to redeem series F bonds
to
retirement
depreciation
*>ther
real
times
The preferred
dividend
stocks,
the $3
on
holders of
to
—
of
appropr.
'Restated.
tions
utility operations.
1,568,000
.
income....—$14,372,182 $12,529,928
and unfunded debt..
4,744.495
4,71)9,115
sales
3
three
initial
an
common
share
per
semi-annual
the
on
66.778,004
•" 3.r>2r>.ooo
.
627,995,
corporate
on
Additional
Net
from
V
67,550,396
income
Interest
Net
......
income
'1945
3,537,000
.
L
surtax
profits tax
Balance
Other
and
tax
to
B
65,410
31,556
-panies not appearing
operations....$84,831,584 $84,110,681
futility expenses
Normal
Excess
V-V-V?v
Subs.)—Earnings—
Jaitf 31—
,12 Months Ended
Gross
(&
$3
declared
and
A
combined.
regular
Detroit Edison Co.
of
payable April
646,282
766,816
class
new
the
The
on
„
dividend
1943
1944
.
$3,922,973- $4,453,801
ra'lway..$3,647,801
income
*
the
.
1943
$208,500
dividend
1945 on the class B stock,
eld class A stock of no par value outstanding prior to the
split-up received
a
total of 75 cents per share.—V.
163,
t
V
v ,,.
2Vi> for 1
The
Corp.—Earnings—
1946
.
lway
ra
oper;
made
were
"
1
„
,
income.^.
oper.
1044
$253,900
69,211
18,598
-
.
quarterly dividend of 10
a
1945
$221,000
52,062
2,560
1946
.$253,300
75,183
24,641
.
per
900.
p.
Delaware & Hudson RR.
Net
cents
par value,
no
Quarterly
on
20
the company also paid a year-end
class
new
,
9,
cents
which date
stock.
B
March
of
dividend
quarterly
a
stock, par $12.50, and
record
on
cents
40
declared
share on the class B stock,
2, last,
class
have
directors
on.
holders
of
Vv;V:;::'vK:'."V;.-;
Co., Inc.—Dividend Rates Increased
Di Giorgi Fruit Corp.—Initial Dividends,
Net
411,641
163, p: 650,
Dcvoe & Raynolds
.
1946, the System Inputs of client
operating companies of Ebasco Services Inc., whicli are subsidiaries
of
American Power & Light Co.,
Electric Power & Light Corp. and
National Power & light Co., as compared
with the corresponding
week during 1345, were as follows
(thousands of kilowatt-hours): .
'
7',-■
Decrease.
1946
li)45
Amount
Pet."
Operating Subsidiaries of— :
170.870
171,246
376
...
10.2
American Power & Light Co.-_
74,263
91,995
17,732
19.3
Electric Power & Light Corp.„
National Power & Light Co._„
97,170
106,056
8,880 . ' " ?.8.4
For
.
$368,868
/501,453
$908,132
423,997
195,447
8939,759
,
V 1943
1944,
-
railway^--,.-.
Ebasco Services Inc.—Weekly
RR.^—Earnings—
,1946
.
^
income—_
oper.
-
584
V A total of 15 cents per share was paid in
announces
a
*
railway....
railway
from
ry.
cents per
authorized
11,000 shares of $100
increase in
an
>V.V
Decca Records,
The
35.—V.
approved
650.
-Corp.,
to
20
shares
shares
p.
16,241
22,831
front
Gross
—V.
Eye Co.—Stock Increased—
&
on
to t'5,000
new
stock.—V.
;
650.
January—, -
share
The
7.378
to
company
-permitted.
$71,932
6,755
i_
~
,
$79; 177:
$77,206
33,546
income.
oper.
163, p.
M943'#
1244
;
•846,590
The, corporation, on Feb. 19 filed with the SEC" a registration state¬
covering 51,000 shares cf common stock.
Public offering oi this
stock is expected to be made later by First Colony Corp.
' ' " ;
Corporation; is one of the leading manufacturers of capacitors, com¬
monly known as condensers.
The company specializes In the minia¬
ture type for use in
fluorescent lighting equipment, hearing aid de¬
vices, geophysical exploration apparatus, radio and electronic devices.
V sHV?
.
19u : C'. •
'1,018,850
ment
$103,598
Detroit Toledo & Ironton
:
to
as
1946
-
railway—.
Net
credited
be
ry.
—V.
write policies ; of title insurance larger in
any
particu.ar policy from the maximum amount now
No underwriters named.
the
amount
capital
surplus
paid-in
permit
to
from
Net
the SEC for
25,000 shares of capital .stock, par $10 per share. .;••••'
The company has granted holders of its capital stock
Net
r
\
railway,-.
'1,043,961
Dumont Electric Corp.—Registers
.
r
from
ry.
-
bB.fi 0oil I
(iO()r;Detroilj & Mackinac Ry.—Earnings—
'833.131
:
rail way
from
from
Net
alphabetical
near
as
"
$141,389:
—V, 163, p. 650.
:
XLm. '•
$148,423
•976.192
Pacific Ry«—-Earnings-
Duluth Winnipeg &
always
not
1943
1944
.
>
.
January—
alphabetical
exact
—
income
Ry.—Earnings—
1945
$138,158
'993,774
$3,-
Net
.gi>
$125,231
$1,562,446
stocks392,419
preferred
'
161,936
'
$138,281
to
5-
V
'
.
6,230?
37,431
**.7,17.:
_
railway
oper.
* 1946 .
$133,718
'841,448
•905,536.
redmeption on April 1, next, at 105 and
interest, $600,000 of first mortgage 3l/a#
bonds due 0:t. 1, 1962.
Payment w 11 be made at the office of J. P. Morgan & Co. Incorpo¬
rated, sinking fund agent, 23 Wall St., New York, N. Y.—V. 163, p. 650.
diii>>
$1,443,134
\
There have ;been called for
V
,
Inquiries-^
to its declaration as surplus.—V, 162, p. 2640.
Partial Redemption—
common
1945.
of $1,408,876
advances
■
railway
from
from
30 ,079.080
snares
163, p. 309.
•Deficit.'
tAfter^ deducting estimated
cash
for
reserves
$5,498,794.
in
141,199
984,167
$2,654,130 ;. $1,631,090
Net
-_$195,S45,047$191.842,654
$1,266,760
225,000:
.
1,255.445
for depreciation of $181,221 in 1945 and $154,133 lii
reserve
Net
7 000,000
10 ,000,000
31 ,000,000
58,537,495
L—1
r
1944,
64,000
•
225,000
141,199
January—1:
Gross
9 750,000
7,000,000
'Represented by 3,007,988 shares no par.'
refund of $2,900,000.
t7,000 preferred
197,694;
'
;
-—
^Duluth Missabe & Iron Range
2, 461,412
.
10.000.000
1
shares.. HAfter
397,000
VffV
31,000,000
par)
surplus
Total
-
-2-
60,734
91,381
■
—
——
week of January, prior
31,.149,021
•
560,000
$1,400,510
$8 ,351,972
10,000,000
1—
($20
$1)
(par
income
on
1,225
177,337
'
Inquiries have1 been received by War Assets Corporation concerning
the
possible sale or lease of two buildings comprising a part, of
the
above company's
plant at Long Beach,' Calif, it was announced
on
P'eb.
11.
The property was offered for sale or lease in the last
obsolescence
and
rehabilitation
and
taxes
10,462
144,302
366766
credit
Douglas Aircraft Co^ Inc.—WAC Receives
Gross
Net
18,000
f)',-Js*'
:
balances.——
and other expenses..
taxes
stock
1944.—V.
.
111.516,783
19,500,000^
8,177.852
of war con.
reneg.
declines
stock
10,707
75,243
19,100
•;
surplus
•After
590,422.:
570,659V
540,050 VVV 540.050
-
*
.2
stock
$2,040,396
$2,035,753
V 560,000
;
$5,766,097
_
s v
^
tax
'5,399
mtge. bonds
deducs._w7
on
int. .&
;
price
•Common
$2,027,756 i; $2,029,689
1,060
qy8'!
? 465,830
879,361
deposits
prov.
,
Total"
v;
191,528';
other " insurance
and
Contingencies
Earned
?
336,061
(20 year)
death and
future
losses
3,751.715
147,428
Lu
147,428
and sundry
and
Preferred
1
Gross
life
905,385
8U.664 ?'
—_
taxes
•
418,946
;•
C;
Capital surplus-
„__$195,245,0478191 ,842,654
inventories
War
1,782,989
373,842
55,516
I;,
935,572
;
761,158
savings
and
Pensions
536,038
,
Federal
for
Common
profits taxes
owned—at. cost.—.
payable Dec. 1.
Funded debt.
$9,407,800
3,700,531
'$789,786
expenses—-.
$197,309
-
234,274
life insurance policy—
deposits and
wages,
Provision
Earned
7___
stocks
assets
taxes
Poss.ble
$774,942
revenues.:;,—
—
Accrued
;
686,708
payable
Dividends
in
42.719,916
charges
Employees'
1945—12 Mos.—1944
1945—Month—1944
Period End. Dec. 31—
135,722
(trade)
payable
Customers'
18,837,160,
38,485,(399
617,507
,
credits—Excess
Accounts
was
■
Operating
.
•*1944
1945
»
-
(iS $851,950
(bank)—'—.-------■
payable
Accounts
3.690.991?';
1,907,145
10,686,097:
-
:
Group
Operating
:
.
^ ''V
notes_,„_^—
of
$0.68
'
SHEET, OCT. 31
receivabie-^--^-,^^—^.1?
4^—i
value
56,250
'
Notes
21,582,445
Total
Co.—Earnings—-
Dallas Power & Light
notes
surrender
Cash
24,435,939
bonds'?**.
investments
Deferred
Corp.
is
for sale or
lease, the
announced Feb. 11.
Located on a site of
Corporation
of
which
Ky.,
45,720,130
-
71 .*,^7.7
MisceL'antous
operated
War Assets
I3IV2 acres
assembly, administration and other,;buildings
of 1,071,718 square feet.—V. 162, p. 1886.
at Louisville,
plant
assembly
Wright
Curtiss
Accounts, and
$154,034
-
cost-plus-fixed-fee war contracts...,
on
hand——
on
States Treasury
LIABILITIES—
equipment—23,827,535
in subsid. not consol. (net)_.7*.__
358,073
^Company's capital
The purchaser is said to be one-of the largest manufacturers'.of
pharmaceutical and biological products in the country. >):*
by
banks and
in
Inventories
1944
$78,617,892
and
Post-war
removed.
being
is
and
transaction
securities---
Government
Canada
of
^Investment
Other
the above corporation man¬
for#the Army Air Forces,
subject to the pri-<:
Government agencies, the War Assets Cor¬
Feb, 19;» Machinery in the plant is not in¬
right of Federal
announced on
ority
fees
V,:f
ASSETS—
,
Cash
SHEET
1945
Inventories
& Co. for $2,500,000 cash,
Eli Lilly
to
BALANCE
,
and-accounts -receivable
liNotes
at Indianapolis, Ind., where
electric controllable
propellers
plant
ufactured
:
-
States
Dominion
Sold—
Curtiss--Wright Corp.-^-Gov't Operated Plant
will
on
$68,163,997
Property
-
56,250
$0.60
1945 and $444,247
Cash
of approxi¬
soon
aggregate cost
an
$675,000.
It is proposed to acquire additional trucks as
prices and delivery schedules are established.—V. 161, p; 460,-
«b
earned
$317,358 in
CONSOLIDATED
at
panel-, trucks
1-ton
600
for
7 ASSETS—
purchase of 150 1-ton panel'trucks at a cost of $1,500 each and
has also placed orders, subject to price approval, for the purchase of an
mately
$135,439
,
454,122
457,171:
'Property, plant and equipment (at cost)—,r»
9,852
7,431
in 1944 and $519,275 in 1943
Dies, tools and patterns, less amortization—.,
:
1
i:
for
possible future ' price declines and obsolescence
in inventories,
"Patents
10,488
tlncludes $1,225,270 provisions for contingencies.
13,994
((Including $147,428
Prepaid taxes, insurance, etc'.——..^
in both years
applicable to preferred and common stock reacquired.HReduction of reserves for doubtful receivables/ returns, - and allow- •
; -.Total$2,654,130
$2,654,130 $1,631,030
ances, etc. 77777;:7: ■' ■ - ■.•'■'•'7-7-.•?•••-. ■
^■.
i?77;v.
firm commitment for
a
$383,778
112,500
—$1.70
,
share
and
costs
$184,034
30,000
______
BALANCE
1945 and $14,214,171 in 1944 for costs in- *
cost-plus-fixed-fee contracts, tlncludes pro--:
in
$959,287
and fees
vision
*
.
1944
share
common
126,000
.
Cr40,000
:
'Including
49,343.307'
;
$3.15
58,537,495
53,553,799
$2.10777
$2:87.
Oct. 31,
surplus,
per
$310,034
—
tranfd. back„_
reconv.
57 512 231
J——-—
stock,
§Farned
Earned
the
additional
1,569
;;
$95,439
$383,778
Earnings per common
against
United
the leasing of
subsidiary consists in
has entered into
Corp.
Finance
Equipment
64.000
-w——
Reserve against reconversion
33,300,000
192,559
b5.204 238
Common
'■
principal business of the
trucks to the parent concern. •
$159,439
148,000
8,650,439
_—53,553,799
surplus
credit
Pre (erred
new
the SEC.
The
$308,465
.;783
249,000
•
profits tax
21,600,000
211,291
Total
v
Finance Corp., Chicago, a subsidiary, proposes to
trucks, according to ^ registration -statement filed
1,100
5,074
income.
income taxes..
for Federal
Prov,
7——107,477
—
earned
liSurplus
Oo.—Unit Plans Large Purchase—
Curtiss Candy
Equipment
249,052
$158,636.
?; $780,778
(net ).
Profit before taxes on
Balance
Net
curred
chase
i'
$775,704
_
32,590,70-7: 45,130,?23
less post1
.
•_—7,950.000
taxes,
taxes
income
Previous
plant to be constructed at Sharon Hills, Pa., a suburb of Phila¬
delphia
will be one of the most modern printing plants in the world.
The iirst issue
of "Holiday" consists of 126 pages, practically all^
color.—V.
profit
Miscell. Income
Curtis
in
—
Operating
ago,
Mr,
issue,
and
con.
& ex.
credits
war
far
has been sold out for 1946, well in
Fuller added.
He said that the
"Holiday"
first
2,587,940
"
to
for
the
of
vance
814,428
war
inc.
Dom,
Other
;
,
.
of
Renego.
7
Expectations—
the company's new magazine, "Holiday," have
exceeded expectations, having passed the anticipated level months
Walter D. Fuller. President,
recently announced.
Subscriptions
(1,088,163
-
16,707,916
before1 taxes
income
Net
Co., trustee,
Trust
at the Girard
Philadelphia, Pa.
J
Magazine Subscriptions Exceed
New
$3,145,457
1,045,172
229,576
43,010,432
885,902
32,673,898
1,320,487
Incom§ charges
outstanding
$4,594,000
703,420
17,522,344
income '•'
Gross
'x.
have been called for
..Payment will be made
1955,
interest.
Broad
a
Philadelphia—Calls Debentures
15-year 3% debentures due Oct.^.;
redemption on April 1. next, at par and
Curtis Publishing Co.,
All
■
30,882,315
' 441,033
,
1——
income
Other
cons._
$1,433,404
sales
Cost of products
March
of
quarterly dividends of 50 cents
iu each quarter.—V, 163, p. 463.
paid
.
by directors, payable on
13;
In 1945, the company
share plus extras of 25 cents
stores not
retail
from
Profit
ordered
was
record
of
15,760,824
profit from sales
Net
stock, or 45 cents
1943
1944'
1945
$3,566,369
sold.,—2,445,686
Selling and shipping, etc., expenses
344,979
5,181,424
«■
-:
■
,
YEARS ENDED OCT. 31
ACCOUNT,
v-'>/:;?:-OA ■'
'Net
10,336,560
Feb. 20 approved a two-for-one split-up of the
for one additional share for each share
1 to registered shareholders at the close of
on
March
INCOME
-
10,339,506
mailed
were
business Feb. 20.
137,742,796'171.161,672 188 ,145,917
,275,025
96,278,665 115,454,640 127
679,036
In,363,804
14,488,156 12
—
sold
Snipping, sell, adimn. 61 gen. txp._
Prov. for doubtful rCceiv. returns &
allow, and casii tiiS. on sales
of goods
Vice-Presidents of
elected
were
share on the old common
a
held
$
Certificates
stock.
capital
1943
7 $
.■■■:
■
fCc-St
Corp.—Stock Split-Up Approved—
[';■ The stockholders
-.1944
1945
31—
Ended Oct.
Hivco
-
•
STATEMENT
CONSOLIDATED ' INCOME
.
Sales
split the common
to
'■
dividend of SO cents
March
called
26
proposal
a
company.
A
a
Feb.
on
act
to
.
1
-,
The
.
March
'
Years
v;-
Co.—Annual Report—
Deere &
>
js
Monday,: March 4, 1946
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1156
,
1 •
Volume
Number 4469
163
THE COMMERCIAL & FINANCIAL
CHRONICLE
4.
■J
,'1)1
with such changes
,••(•/.' conditions..
//;/
.V
PURPOSE—The
•
.
,
v".'
•
from- post-war
result
may
developments
\.;/' (\
the
24,248
■,«;,
.i
and
'
less
than
51%
of
ij.w.sucni>lant- facilities
SALES
AND
V
*■
the .company,; the
Connecticut
earnings for the past lour years
year
by
will approximate $165/000.
EARNINGS—The
'
Vr&:
constructed
are
thereof, including land,
:
y
1942'
,
$252,264
1944.
><■"
''
''
.
months ended Sept.
—
30)-.,—,—
i1' ''■
convert,
Common
'
'M(:
v}::v.y yv;,1.
■■-,v,,
„
*Of
pref. -stock
stock
the
(50c
($5
par)
authorized
par)-.__
but
unissued
*400,000 shs.
•
•
The
.
-'N
V
?•"; 44,000
for
the
shares
conversion
of
no
Outstanding
44,000 shs.
—V.
common
-
This;
compares
share
$421,000
pany's
!'
^
-
'
■
•
adjusted
in
Lincoln,
Neb.
balance
The
.
>'
with
earned
represented
net profits of $897,645 or $1.76 a com--,
the previous fiscal year.
Of the 1945 profits,
gain (net of taxes) from the sale of the com¬
plant and other facilities no longer required.
sheet
of
as
Nov.
30,
1945,
30,
1944, balance sheet.
•
'
,
"
-
Mr.
Munn
reported
stockholders
to
5%
and
debentures
which
dividends
will
be
the
on
outstanding
which
April
preferred
from
in
appear
redeemed
27,330
showed
V
that
the
15;
stock
to
'*
" •
•
'
♦;
;•
have
declared
stock,
both
The.last
-
and
after
778.
p.
the
on
giving
per
share
on
dividend
of
$1,75
per
share
on
payable
$6
stock
to
1
issues
on
to
holders
July l,
and
K
to
35
were
of
Net
record;
cents
decrease
a
1
.//
>
during
declarations,
$76.90
the
on
Net
■
paid the-
and
21,934
balance
reduced
by
sheet
fund;
$3,174,314
before
—V.
$3,185,000
45,800
Engine
$2,727,314
707,085
38,200
from
•
In
of
at
Union,, N.
reduced
"accordance
to
working
87,900.
pfd.
The
President's proclamation,; the company
as of Sept.
30, 1945, the period of amortization
$5,200,000
expended for
war: emergency
facilities
the
Certificates
58,700
the
plant
Ranger
1925,
electric
War Assets
Corp. announced Feb. 20.
used during the war for the
production
was
inverted
in-line
aircraft
engines
and
and
Necessity." The result of this elec¬
was to charge off the unamortized balance of emergency facilities
of Sept. 30, 1945, in the amount of
applies
1940
the
to
to
current
and
year
inclusive.
1944,
Because
$1,191,267
of
this
tions,
Federal tax and renegotiation
company in the amount- of $988,000.
is
of
which
applicable
to
$723,302
the
charge to prior years*
refunds
by
V Period:End. Jan.
the
•Operating
The charge to the current year
has the effect of materially reducing-.the
tax-p&yat>^ for the period,
the report stated.
No prevision has
tiation
The
for
1945
It
made: for
is
believed
has not reached an
Adjustment Board for the
company
Price
Therefore
the
reductions,
submitted
tiation
of
amount
cannot. be
is
and
for
the report
the
f4nal.
for,
net
Additional
of
income
data
has
Net
<
Beach
purchased
been
for
YEARS
ENDED
,
i.
NOV.
c*
*Cost 7)f goods Sold—.I—.
t-
of
rubber,
lt7—L—r
1—1 '17,
.
Interest
Interest
r
775,36 3
$20,852
6,165
8,156
121,530
>
„•
accrls
res,
66,707
5r/e debentures
165,545
interest and sundry
;A" 38,451
Loss on machinery and
equipment discarded..*
11,278
Provision for Federal income taxes
378,006 '
Federal excess profits taxes..
218,006
on
refund of
excess
profits taxes—......
,
Net
■
income carried to surplus
Preferred dividends paid or declared
Common dividends paid
y<, ■%
Earnings
per common
$187,707
■
683
,
.
,
*
"Including
loss
17,423
$227,712/
income.
$897 645*
&
91;276
ll
*
r
.
$19,883
$150,229
112,507
accepted
and billed,
Wp(v»hip-fr«a«
claims
for
(affpr
rp.prvp'
refund
of
Federal,
wSriS
;
ulaS
r-
$4,257,097), $629,066; patents and licenses under patents (after reserve
for amortization of $35,577),
$13,642; deferred charges to operations,
.
•
$450,105; total, $15,707,441.
LIABILITIES—Accounts
payable—trade,
$191,309;
payroll
deduc¬
$3,583; dividend payable Jan. 2, 1946—on
preferred '
stock, $15,9,18; accrued Federal taxes on income for years ended Nov.
130, 1943 and' 1944, $214,471; accrued Federal Income taxes for
tions—withheld,
1927
1924
and
communities
and
1929,
of
its
electric,
water and
Palm
the
respectively,
ice
been
the
were
901.
p.
name., of the underwriter,
«?barp<! wni
Th? ?nisZ?e$ I00'?,00 ^ew share! Wl11 hp mprvPH fnr i„n„ri,.p
^ reserved f°r issuance
upw
.
PPf$v
PDRPOSE^lof/ the
Terry' President of the
common
stock
of
the
preferred
and
received
the
stock
City
Bank
of
cumulative
Bonds
Co.L.I
&
:X,5Q0
;
f
300
York
'
Agent—
has
and
been
v
appointed
transfer
stocks—'V.~ 162,
common
.7;'-
-
"
on Feb. 23.
prior
Jan.
to
conversion
convertible into conpnon at $18 per share of
1, 1949, at $20 per share on and after Jan.
1, 1949
1, 1951, and at $22 per share after Jan.
each
in
presented.
1,
case
The
offeredJis
owned
J.
by
On
December
to
be
calculated
preferred stock
on
basis
a
be
may
of
for
at
any
Redemption
pYus
accrued
>
A
^ nnn Anrt
Sale of $1,000,000 Notes
1951.
$25
redeemed
;
Privately—Contemporaneous-
,
plus
on any semi-annual
amount and accrued
premium of 4% of face amount if such
prepayment
is made in 1946, such premium
decreasing thereafter >/4% per annum,
>■ Although the notes will not be secured, the loan agreement will contain
/
certain covenants and agreements of the company, including (but not
limited to) restrictions on the right of the company (and in certain
:: instances any subsidiary thereof) to create, assume or suffer to exist
mortgages or liens on their property with certain exceptions.
7/
■
Transfer Agent, Continental Illinois National Bank & Trust Co. of
L.
Chicago.
'•
,
'
a
Registrar, American National Bank
HISTORY AND
BUSINESS—Company
&
Trust
Co,
of
Chicago,
incorporated July 1, 1913,
was
1945,
*n ^^ *0 enga^ in the ?°^ated
Y
year
a--•.business. Company has no subsidiaries. paperboard shipping container
the company sold to an
v-.--...
;.•>
institutional investor $1,400,000
; |v ended
Nov. 30, 1945, $596,000; accrued wages, commissions, miscel«£
The principal business of the
company is the manufacture and sale
first mortgage
J a neo us taxes,
interest^ rent, etc.,
bonds, 3^4% series due "1975, for anOf corrugated shipping containers made out of
$465,709; renegotiation provision
corrugated container
3 for the fiscal
*
—
•
..
20,
.
,
.
'
year 1943
(net), $1,617,530; other liabilities (see contra
for cash'reserves), $2,241,169;
15-year 5% sinking fund debentures due
Jan.\15, 1959 (authorized to be called for redemption on April
15,Q
','■'1946 at 103%), $3,185,000; reserve for general
contingencies, $500,000;
affffreffate
congidpratinn
71
.6%.
/
cumulative
convertible
preferred
stock
(par
t'
$50),
$1*096,700;;.
common stock (par
$1), $458,153; capital surp. (from stock conversions,
purchases and issues), $929,708; earned surplus,
$3,969,679; appropriated
surplus (reserves for sinking funds for preferred
stock, $136,880, and
■/'for debentures, $85,631), $222,512;
total, $15,707,441.
<■'"
NOTE—Accrued
liabilities of $2,241,169 include the
following items;
Accrued royalties and claims,
$2,196,146; employees' war bonds, $4,359;
'3= Federal withholding tax, $31,750; and special deposits, $8,914 V
) 'i /.3
Calls Debentures—V
:
'>
The
its
corporation has called
i
-iy^.y
nf
<R1
414.000
outstanding 15-year 5%
at 103 and interest.
Payment will be made at the Guaranty
Co.
of
New
York, trustee,
140 Broadway,
New York,
N.
Y.
j
.
bonds
j.
I.,.
,
;
,
■
for
the
purpose
of
enlarging
electric
generating plant and the installation of
Diesel unit rated at 1,000
horsepower.
'
'.'[i1
Authorized
pfd. stock
Stock
tCommon stock (par $5)
if not
exercised
The
price,
purchase
denced
ment
or
thereof
warrants
before
will
with accrued
surrender
of
on
corporation
interest
to
the
will
April
redeem
15,
said
to
become
on
will
become
1946.
15,
or
void
thereby will terminate uoon
the debentures to which
debentures
•
1946,
after
and
Such
the
prior
they\re
at
the
upon
March
-
full
redemption
presentation
15,
1946.
and
Stock
purchase rights
redeTiption and
attached.—V. 163,
p.
cum.
evi¬
pay¬
651*
/
"Unlimited
($100 par)—
7
•:
each
its
share of
On
71,550
Dec.
24,
shares
common
common
1945,
of
stock.
stock
company
was
$On
strawboard
one-half
which
for
are
(largely
its
own
utilized
in
for
its
and
use
the
own
the
use)
balance
manufacture
of
containers.
are
manufactured by
the
company
at four plants
linerboard
an
aggregate
at
a
of
the
com¬
which
is
corrugating material, is manufactured
by the company, located at Vincennes, Ind., and jute
mill leased by the company, located at Hartford
City,
as
CAPITALIZATION, GIVING EFFECT TO PRESENT FINANCING
Authorized
t6,000 shs,
notes———-,/
15-year 3Va%
4%%
value
-
All of these plants are owned by
that houses the Rochester plant,
the building
Strawboard, for use
owned
•
Ind.
•" 7- "'i
;
of
the par value of .its outstan<4ing
;
except
mill
71,550 shs.
,
Dec.
from
a
Rochester, N,- Y.
$1,400,000
71,550 shs.
24, 1945, the par
reduced froip $10 to $5.
reduced
common,, stock
at
3
.
"Subject to the terms of the indenture of mortgage of the company
1, 1942, and the supplement to such indenture of mortgage
dated Dec. 1, 1945.
tissued by the company on Dec, 28, 1945, as a
on
pany
new
dated Sept.
dividend
and
leased.
a
'
111.,
Outstanding
6,000 shs.
void
..
debentures
April
trustee
of
the
(about
both of
i-
(estimated at $30,000)
its present Fernandina
bonds, 3 V4% series due 1975
to
manufactufes
-
4%%
annexed
also
The balance of the proceeds from the sale of the
r aving an aggregate capacity on the
five-day week, of approximately 1,328,000,000 square feet of boaid per
is to be utilized
by ^tke company together
*
* located at
'
■
■
'
annum,
Hartford'"City, find.; McKees Rocks, Pa.; Chicago,
with the necessary general funds
,
First mtge.
warrants
and jute linerboard
1962.
CAPITALIZATION AS AT PRESENT CONSTITUTED
redemption on April 15, 1946, all of
sinking fund debentures, due Jan. 15,
board. / It
y
u
bonds, the ; for sale to others.),
company utilized $1,350,400 for retirement of its
$1,280,corrugated shipping
000 first mortgage
bonds, 4% sinking fund series due .£! Corrugated bcxes
Trust
purchase
Of
rn<=h
i
^
for
1959,
in
1
total proceeds received from the
u
sale Of such
new
•
600
Broome & Cd._*
The notes may be prepaid in whole or in part
interest payment date on 30 days' notice at face
the company for
approximately
shares of preferred stock from the
Privately
New
preferred
balance to be due Jbeb* 1,1961,
also owns all of the present
April 1945 Mr. Terry purchased
-
of
;
Wheejef
Stockton
evidenced by 15-year 3%% notes payable in semiannual installments of 3.85% of the,principal amount
thereof during the
19« to 1960, inclusive, the
V. pn
Fur& Co. fur
dividend in December 1945.:
All of the proceeds
preferred stock will be received by Mr.
Terry and
the company will not realize
any of the proceeds of such sale.
3;
Sale
-
sale of the stock the company will borrow
'r.
$1,000,000 from four insurance companies. The loans are
company as a stock
from the sale of the
;
number
''
Humphrey
v''
Robinson
Leedy,
.
Con-
"vv. '
(CST),
share
r
.
In
6,000
the
Co.
.
and unpaid dividends.
Snl
nn
on
all of the then existing capital stock of
$1,135,000 end
and
time at $27 per share plus accrued and
unpaid dividends.
may be made through the
sinking fund at'$26 per" share
who
company,
service
t,oh;of them, respeo-
■
before Jan.
interest,
,
company.
The
.
2941,.vv".
each
162, p. 1767
nnrl
ana 9tnplr+nn Broome
btOCkton Rmnmp
,
.••;_.-Na"?eT7
1,800 /
& Co.,
:
the
Such
offering of
6»000 shares^ of 43/4% cumulative preferred stock (par
$100) was made Feb. 8 at $103 and accrued dividends by
a banking group headed
by Starkweather & Co., Clement
Evans & Co., Inc., The
Robinson-Humphrey Co.,
_
Power
ice
■
1,800
National
common
Leedy, Whfplpr oc GO.
Wneeier Rr Pn
ther details follow:
acquired
States
and
,
The preferred stock is
PrnnncpH
con onn
and
com)«any
Pensacola, Fla.
1934, respectively.
d.e-
inujju&eu
<.?,?!*'
Worth
and
properties
—-
Beach.
distribution
Lake
holders
—
years 1942 and
$521,406;pther receivables (net of reserve), $83,748;
due from employees, $925; terminated
contracts—estimated recovery
value, $82,057; inventories (at cost), $1,929,518; cash reserved for
nrnpv
nnnmrips
,«Pp
other liabilities
gyya,
(see mnrro.
contra), $2,241,169; sinking fund for preferred
s ock
stock, $136 881
$136,881; sinking fund iov debentures $85 632
sinking
for debentures, $85,632; property, plant
Dronertv
'and equipment (after reserves for depreciation and
^
amortization of
1
2oLcoents
to
Florida Public Utilities Co.
Preferred Stock Offered
As mentioned in our issue of Feb. 11
an
profits taxes foi
excess
In
;V7 ly with the
NOV. 30, 1945
$2,353,275;
I Inoi
1943,(estimated),
i
November
tb ^UbS^ribe fOr ORe additional CQmmQR $hare audi7
oi$. owe preferred share for each five shares of common held.
each were made on JUI1£ 1
Stockholders' rights to purchase these shares
expired
at 12
has
of
afiiiscRa.
utility properties in West
in
adjacent
,
,
nJvtip
three
Wayne Corrugated Paper
Co.—Stocks Offered—
Offering of the unsubscribed portion
(14,741 of 44,072
shares) of 4V2% cumulative convertible
preferred stock
| (par $25) and (9,122 of 44,072 shares) of common stock
(par $14)) was made Feb. 26
by E. H. Rollins & Sons,
Inc.
The preferred stock is
priced at $25 per share,.plus
dividends,'and the common at $16.50.
rait* \
offered shares represent the balaftde1; ribt ! sub:-; •
scribed for by common
stockholders whp, were (giveurn.
p. 651.
ncimc
and
com-
to
■
7 Fort
:
$138,302
119,126
any dafce which the Sectors may choose.—V.
76
;
claims
2,607
The (stockholders: will vote March 12 on
approving a proposal to
change the authorized common stock from 100,006 shares of $25
par
to 1,506,000 shares of $2.50
par, on a proposed 10-for-l stock split-up
and on changing the name of'the corporation to Firth Sterling Steel
454,297
BALANCE SHEET,
gas
made
the
_
Evans
noon
in
23
furnished
76,000
,
Firth Sterling Steel Co.—Stock
Split-Up and Change
in
Marianna
In
■
'$20,515;
£is5'Wfi?
..
$1.79
:
,
1,484
p.=
$216,908
-
76,000 :
6,333
208
and Dec. 15, last year.—v, u?i,
19,126
245,547
272,441
1,953,384
Crl95,338
89^581
163,
The
—
$923,109 for 1945 and $3,209,292 for 1944 on
inventories liquidated or otherwise
disposed of.
$ Revised figures.
excess
sold
originally formed for the purpose of
acquiring and
Food Machinery
Corp.—Transfer
$199,485
40,006
iv
$26,424*
V
6,333
150,812
$893 648
share
is
the
communities
v.,
utility properties in Key West
were
disposed of in 1938 and
of
In
is
195,743
'
$27,017
*
-
,
,
_
$3,642,946
299,329
Discount,
Postwar
.y.
.
"
V.
104,985
208,971
.$25,741
"
*'
.
$1,232,156
731,9 43
23,223
■
A,
Inc.—
See Hayes Manufacturing Corp. below.—V. 161, p. 878.
y'.
4,
Federal Screw Works
Places Stock on Quarterly
Dividend Basis—
5!861T61
$1,004,749
bank loans_wlvi.r
^
1925.
gas
Ice
electricity
:
to
.properties
; Cxement
y-w:
:1,862,796
,629
on
and Marianna.
also" furnished to 10
small
^
4 regular quarterly dividend of 12V2 cents per share
ciared on the sommon stock, par $1, payable March is
(
name
Fernandina
is
Starkweather & Co.—~x__
$1,293,571
jn
14, 1924, and reincorporated
was
adopted on Oct.
corporate
the city of Blountstown.
Fernandina area
I DNDERVrarTEBS^Th.
of aha™
Faraday Electric Corp., Adrian, Mich.—New Control
$37,893,544
14,767,536
26,912,203
-J-
incorporated
was
to certain otner neaiby
neo
1946—12 Mos.—1945
74,147
-
charges^ii—/.
y/163,
o na llnwa ni-oc
V.S ,'i
tOO
and allowances—$20,425,534
Selling,; general and; administrative expenses
; 2,952,823
Depreciation, apd. amortization*—1,700,426
t
,
»
(net)i
Dividends declared
30
for terminated contr.,
loci'ra+nrnc
les^i 'discounts;-returns
.r
28,50.0
BUSINESS—Company
communities.
parts for
Tj1® c.onllJ?any and its constituent companies were controlled by
Packard- ^ solldated.y; Electric & Gas Co. from 1926 to
April 24, 1945.
■Vi'.uv.
41944
*
$87,591
28,500
.
electric
*
for
parts
$131,267
11,742
23,090
revenues.^.
Balance
Interest
Net
incl.'billings
Gross sales,
'!"■
oper.
Retirement
by the Board.
Clearance of -renegoended Hov. 30, 1944, has been received,
FOR
$109,772
28,500
present
was
in
the
agent * for
-v
review
ACCOUNT
$107,661
f!n
82,071
vNon-oper. income
tax
concluded.
INCOME
58,477
34,928
28,500
in
was
acquisition
system extended
F.arnincjc—
Co.—Earnings-
$137,755
>
-
Taxes
no
provided
48.122
63,426
39,892
$109,663
AND
service
Such
|
f
item, made Of
1946—Month—1945
Operation
payments under renego¬
payment will be required.
agreement with the War Contracts
fiscal year ended
Nov. 30,
1943
$1,617,530
year
1
possible
that
considered
under
fiscal
31—
revenues*.,.-,
Maintenance
,
,
been
since
48,418
65,426
56,336
/
o^errjd ^oefc tp ;^dmroha,ed;by
s
Wni-lrs
Fall River Gas Works
;
years
opera¬
recoverable
are
47,983
65,426
.
The
iv The company
which
fcr"KSS ofTthov'and h0„,eh„id
SSfi
of
$1,914,569,
2,223
$194,190
operating the then existing
$110,990-
Corp.—Government-
tion
as
4,939
$256,544
stock
munities.
In the
other communities.
>■
force
terminate
Government
1,805
$260,962
Southern
the
agencies,
with
$191,967
1.938
,
2^
service is furnished
and. terminal tw^ve property
768
to
approximately
under
i
v
3,159
elected
;
•
operations
66,735
$251,605
"
s°id at- wholesale to
Owned Plant Sold—
w
"
y,
all
8ur,^OJ
70,494
47,753
,
taxes.
x
trated
e
$259,157
taxes-
Substantially all
^ ?• i
73,460
the Palm Beach Gas Co.
cn Feb.
as
29,
Palm
Airplane
74,170
Beach,
$169,690
$127,546
37,332
bO.oxJ
.
company is a public utility
operating wholly within the State
Florida.
Gas manufactured
by the company is distributed in Palm
Lake Worth and West Palm
Beach.
Electric, water and ice
of
129,755
■
•
37,621
.
.The
702,560
■.
$215,446
410.453
$279,178
,
ORGANIZATION
April
1946—9 Mos.—1945fc
);.;/
$56,229
&
81,o34
requirement
present
area
162. p. 2491.
Fairchild
75,752
82,4^1
income-,,_,v
.on
1943
current
preferred shares
received, clear-,
85,324
$277,240
(net
prof,
Annual div.
v
,
$67,855
Net' profit
1942
$801,787
529,802
Fed-
deductions
Florida
284,261,
Mos.—1945
$113,655
$94,429
taxes
1943
$913,735
473,503
revenues...
excess
Net
_
$2,819,597
>-
469,401
1946—3
Prov. for Fed. taxes,,.
v
company
and
arrears
the
sinking
at
profit
EARNINGS
—Calendar Years-
-
Corp.—Earnings—
Period End. Jan. 31—
.
OF
—-—
$1,019,805
income
Income
stock.
$6
1944'
.
255,093vj^ 979,508
*30,034
Buffet
company's
"
oper.
Total
will
•J,
'^Exchange
*
the
,/v
outstanding $600,000
capital surplus.
As
capital surplus account
of
$1,085,900
566,745
/
Federal income
3945
$1,846,311
"Deficit.—V. 163, p. 779.
in
\
1945
railway,,,,
Net,from railway__^,2-;
Net ry. oper. income—
than
Other Income
the
on
y
.
1946
-
from
other
v
now
out
1944
eral income
havA'declared an initial
quarterly dividend of 13'%
share on./the 55c cumulative convertible
preferred stock, par
March/i to holdets of record Feb. 28.—-V. 163, p. 463.
January—
<-
the
the
SUMMARY
Maintenance
Prov. for retirements..;'
Elgin Joliet & Eastern Ry.—Earnings—
Gross
of
paid
12 Mos. End.
Operation
directors
per
all
was
,
FORMA
1932.:/.
the -current
stock
v
.
April
those
aggregate
stock
common
the-,
on
$7
stock
transaction,
Operating revenues.J__li
the
effect
,
the
on
$1.50
a
payments
cents
30
$89.31%
of
of
Oct, 31,'45
Taxes,
dividend
value
par
dividend
K V
'\/,
A
common
This
such
PRO
Corp.—-Resumes Dividend— •*,,•
a
its
on
of
and
$1. payable
had also Inade possible the redemption of the entire
outstanding issue
of
p.-3191.•/'- f
and
to
163,
I'The
'.
-
inventory of $5,188,916, an increase in unreserved cash of $1,522,610,
the elimination of $4,500,000 bank loans and lan increase of $3,167,063
in net working capital to a total of:
$9,046,427, as compared with the
Nov.
-
systems
,.v/•,.
in
reduced to $198,879.
expanding its-,
Electronic Corn/of America—Initial
Dividend—
,
Report--^ /
Net
wion
v;
was
In
lighting
:.V'
Fed.
1
»
plant
the
profits for the fiscal year ended Nov. 30, 1945, were $893,648
adjustments and taxes, equivalent after allowance for preferred
jtV dividends to $1.79 a share on. 458,153 outstanding shares of $1 par
; common - stock,
John R. Munn, President, announced' on' -Feb.' 21*.;-
•
162,
stock
Arrearages,
after
.4
the
use
automobile
y,.y
preferred
$7
amount
cents
.
of
preferred
15.
stock
$7
"" 262,297 shs.
Elastic Stop Nut Corp/ oL America—Annual
:
$6
par
reserved
are
plans to
r
expense.—V.
par
no
-
stock, 88,000 shares are
company's preferred stock and
fpr issuance under the terms of options
which may be acquired by Amos Treat & Co.-r-V.
163, p. 1027.
;
,
reserved
V
Co.
manufacture
......
directors
March
44,000 shs.
-
—ii;
,
•; 21,080 y,y.
,
.;
.
Electric Power, & Light
<
19,945
.S
reduction
which
stock.
result
a
; :
21.064
€61,591
,
CAPITALIZATION—Giving effect to present financing;
-,vA
■'vyv..-. y:y\:yfyyy;;-.yy Authorized
Cum.
-
10,850
528,600
'
•
•
—
703,677
"Loss.
■
'
-i—•—
(9
1945}
-
Motor's
-
—
1945
■'
Auto-Lite
the
fcr
V
*$8,120
v-:' ':y375,620
'
dividend
preferred
Machinery; and
equipment which cost
the
Government. approxi- V
mately $1,189,000 has been purchased by General Motors
Corp., DelcoRemy Division,, and is being removed
from
the plant
at Generai,;:
and '
sales
net
Electric
facilities
equipment.
-/y ■,';■■■ 4. y.,y y
company's
of
■
The
cost"
set forth below:,y'<;■
/v.,.../
t Net Sales
Net Income
are
The
$357,750,
$357,250 wa3 credited to capital surplus accouii,
which, added to the then
existing capital surplus of $441,629, made aft
aggregate oft $798,879,
On Dec. 28. 1945, the.
company distributed as
a
1
outstanding common stock ofThe Special Equipment Corp. at 50 cents a share.
It is estimated that,
.
$357,750.
Authorized
lease
of
the
Government-owned war plant at Kings
Mills, Ohio, to the above corporation for a five-year
period at $50,000-'
annual rental, subject to priority
right of Federal Government
agen-'>
cies, was announced Feb. lg) by the War Assets
Corporation.
The plant,
constructed in 1942, was operated
by the General Mo¬
tors Corp., Delco-Remy
Division, during the war."v " •
"
•;
•
of
shares
Electric Auto-Lite Co.—Leases Gov't Plant—
s
r:
"(Approximately
proceeds
$244,9501 will be used
^ by the company for its general corporate purposes and Jor the acquis,,.
sition by purchase, construction, lease or otherwise, of plant facilities
for the continuation of its operations and for the purchase of not
v
•
as
net
$715,500-Aq
cumul.
Common
:
/»3.85%
annually
conv.
stock
of
pfd.
(par
the
$1,000,000
stk.d<par $25)
$10)_
—
44,072 shs.
Outstanding
*$1,000,000
: ;
400,000 shs.
principal amount of the notes will be
1949-1960, inclusive, and the balance on Feb. 1,
44,072 shs.
264,432 shs.
due
semi¬
1961.
IpoTE—On Feb. 6, 1946, the stockholders approved an amendment to
the articles of incorporation increasing the authorized
capital stock
to 44,072 shares of cumulative convertible preferred stock
(par $25),
and 400,000
shares-of common stock (par $10). 61,212 shares of
.
}'
stock
reserved
be
will
issuance upon
for
last• mentioned
conversion of the;
net
working
to
Famines
Georgia Southern &-Florida Rv
decline to
may-,
®
--January—
1946
1945
1944 ' .,v
fl'om railway'..,$483,523
$5*90,995 '$551,070
.;^Jet from •■Tailway>:«^r;hv\':v,/;.,;134,779-255,762 " 215,880
to
•
...
...
'
''Q" .VeV'-
maximum of
such
of
stock and common stock now offered will
$1,663,124 and a minimum of $1,674,980. $1,500,000.
proceeds (any balance of such net proceeds to be added
capital), together ■ with $1,000,000 to be borrowed 'con-;
preferred
the
of
sale
be a
institutions
lending
the
loan
loan
such
•
the
agreements
1943
to Gap- in certain events;,. If Gair should- not,make'-,V',!; .- t • ;v/
•<
$547,998"
the Mill Company, then the Mill Company would have
,
266,166
to raise the necessary funds from some other source, and Gair and
the
Company
have
agreed between' themselves to take all steps
.,
Net ry, oper. income-^i.il'1' 57,665 V:$; 10,1957f-'V: 59,080
;
88,338
necessary to cause the Mill Company to carry out the contemplated
—V.T63, p. 1027.
p'rn^:
Mill : program, .-hx-s,
'i*-'..
y\ .•• ='!; '•/ \'F //•'£-'•••'' >V*-V
i Gair proposes to lend to the Mill Company the $4,000,000 arid to
Giant* Yellowknifc Gold Mines, Ltd.—Registers With
take
therefore a 20-year promissory note.
The note would become
due
in installments, v The note would be subject to prepayment in
the
make
1
>. >
;
PURPOSE—Company estimates that the net proceeds (exclusive of
accrued dividends-on the preferred stock) to be received by it from
shares of preferred stock;
,14,072
Monday, March 4, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
;38
:
:ife
,
will be used to purchase 25,000 shares of
The company on Feb.- 21 filed a registration statement with" the".
class B common stock (par $100) of Gair Santee Corp., the name ,"
ho
,uon.oH
Of,,ifVippjinprhoarti uom
icaueu M»e •
whole or'in part, upon
SEC fot 81,249 common shares,
$1 par, Canadian.
The shares are
"
p
of which is to be changed to Sout era Paperboard ,Corp. (called the. ..
be
Southern
P- •
6
ta'
Company, at principal amount and accrued interest. and . a
being offered to residents of the United States and Canada by Toronto
r "■
Mill Company), which proposes to construct-and operate a paperboard|
me
mS c
at
Mines Finance Ltd.
These shares are part of a recent offering of anmill.
The other shares of the Mill
»t
be
55,000 shares of class A %■ successively would be issued -V. / ■"■' and secured bv an indenture dated
'vC:"---'; '■
The note thereafter.
under
aggregate of 525,000 shares offered by the company in Canada to its ,
the
completion of the financing will
—
own shareholders at a price of $5 (Canadian) per share.
April 1, 1946, from the Mill Company to Gair which would constitute
common
stock (par $100), which will be bought for $5,500,000 and;
a
first mortgage
*««.
upon
substantially all the property w the Mill
of
Inc., which latter company is engaged
"3
The offering price is $5.10 (Canadian) per share, or the United
; fi
iireJ, ine.ucfmg stock bt any
rr**°
.■•'Vriv TAwinfihu wAm vrtBrnor)
gtates equivalent.
Toronto: Mines Finance Ltd. intends to offer 44,195
in the business of fabricating and
^ Company nowthe Mill , or haTWtbffoY* o/irtfji-h I : ,'ivi
owned Compa nyhereafter acqui
shareholders
subsidiary of
'i*?'".- ■•'v'• 'F>*tei'••• *•: of such shares in blocks of not less than five shares to khareliold«lrs
and competes, to a limited extent,
with the company
of Frobisher Exploration Co., Ltd., of record Dec. 15, 1945, as resident
Gair
proposes,
upon receipt of the aforesaid note and
indenture
owner of the class A common - stock, will be able to elect a substantial,
UUC
U4WMW
*.
,
in the United,states in the approximate ratio of one share for ;.:
a
collateral trust
from
the Mill Company to pledg?'*'lhcm 1 under
majority of the directors of the Mill Company and the company,
every
15 shares of Frobisher then owned by them, and to share-* ;!
indenture dated April
1, 1946, from Gair to Old Colony Trust Co:,,
the owner of th«f class B common stock, will be abl& only to elects a
—Gair and.
holders of Ventures, Limited, of record Dec. 15, 1945, as resident in
as trustee, as security for certain notes proposed to be /Issued by Gair._
minority of directors of the Mill Company.
Consequently,
the United States, in the approximate ratio of one share for every 20 •'
not the company will be in a position to control the Mill Company.,
Upon completion of the present proposed financing by the Mill
shares of ..Ventures then owned by them.
The balance of the shares
-•
/ AGREEMENT BETWEEN'THE COMPANY AND GAIR ■
' -v., Company, its.capitalization• would be as follows: ' ;v*-■>- ,. ;
Will be offered in Canada and the United States to'such persons as
currently
by
the company
certain-conditions, at the :option of the Mill
premium,
until April I,;i952, such premium decreasing,, per annum -
cSanf t^rUsffiS
.
,
.
1
•«
selling/corragated^shipp^
•
-
-
.
--
\J X '
UWUCi
as
_
and'Gair have
company
The
,.
1946.* Said agreement
following general, effect
15,
Jan:
entered into an agreement,, dated
contains; among otners, provisions
C. Outstanding
Authorized
...
$4,000,000
promissory, qote..
20-year
Toronto
V.,fe j $4,000,000 vv^f
■
Mines'Finance Ltd.. may
who
determine,
may
Tnclude officers
"
of the company.)* *
and employees
55,000.shs;.;:
55,000 shs
Class A .common stock (par $100)__._
'i'.&'k'WvJ.
,'.36,666Shs.
Class B common stock (par $100)_
The Mill Company will have authorized capital stock consisting -of
55,000 shares of class A common 'stock (par $100), and 36,666 shares
'"■STATEMENTS OF INCOME
of
class B
common stock (par $100).:- Gair will own the 55,COO *;
Dec. 29, '45 Dec.
Years Ended—
authorized shares of clas4 A common stock at a cost of $3,500,000.. .
Company will purchase 25,000 shares of such* class B' common stockfor
.$2,500,000, and will have an option exercisable at any time.;Gross sales, tess discts., returns rite -'$10 149 4q7 vwiRiilft
within five years after the commencement of operation by 'the' Mill
Cost of goods sold
'
Company to purchase all or any part of the remaining 11,666 author--v- Selling, gen.-and
$1,660,217
$1,325,692
ized
shares of class B vcommon stock, the Option price per share
B
76,684.
60,556
during the first" and second years to be $100 and during the third.
-Net profit from bnerotions '
fourth and fifth years to be the larger of (1) $100 or (2) the fair'.''other income
_
~~T
si
oni
nnR oas
Value per share of the stock as determined by the company and Gair
„
~
or," in case they: cannot agree, as determined by some disinterested
Total income
" _
st vip oai •• «t ioc
to the
r
i.
■
$8,524,123;
6,650,555
635,425
^^
admln^xVs"7"^-^ 685,447 & 'ZHdai '
««nin. exps
- 644,484
'
—
.
vis
person appointed by
and the company to
Gair and the company.
inconie deductions"
. .
The obligations of -Gair
purchase such stock
of certain financing an
a commitment satisfactory to Gair
loan.
The company and Gair each agree
,
,
«1-mi isft.
$1,301,356
:
795
has
it
that
fixed
as
the closing date
1946, as may be mutually agreed
proposes to construct a paperboard
than April 1,
Mill Company
The
*
of Montreal Trust
4
plan which"
through
the
proposed
,
manuiacturer of light
will be
v
used
purchase' of additional plant facilities for approxl-'
for
mately $250,000, retirement of a $960,COG RFC loan and for working
Capital -and other expenses of the issue. Globe has firm purchase or-«.
,
-
Co., New York
stock,-
_
FiiriiJarMArital TiiveRffifR
Ttm
* iuiu<uih;u»<m anvcsiuis, iul.-, — —at $io per'share of all
holders. A registration statement covering the new
niPd With the SEC in a few davs '
*
Iss^ S to be
to be
The directors on Feb. 20 declared a quarterly dividend No. 49 of
22 cents per share, 'year' were as 15 to stockholders15, June 15 and
of record March
Payments last payable March follows: March
'
"
*
Bank
pointed transfer agent for the common
on
of
cents
"bleaching unit") and & Sept. 15 22 cen
that the Mill
p., 9Q2. * V ■' •'
nf n,0 mm
»
with facilities for bleaching, and/or improving processes
wood pulp manufacture (hereinafter called'the
also to erect a box shop.
The agreement' contemplates
use
in the erection of the mill
Company will raise $12,000,000 for —
;
and the installation of the initial, machine, and to provide
capital and a necessary minimum acreage of timberlands;
$12 000,000 $8,000,000 will, be provided through-the purchase
of the- Mili Company by the company and by Gair1 as
and
that the remaining $4,000,GOO will be borrowed by
Company on such basis as its board of directors many deem
machine
23 approved a recapitalization
(The)' Fresnillo Co.—Transfer Agent—
March 1, 1946, or such
Upon.^ -;
mill with an
initial installation of a 450-ton (i. e„ having a daily capacity Of 450
tons of kraft container board)
Fourdrinier container'board machine,
the shore of that part of the. Santee-Cooper Project known as
Lake Marion (in South Carolina) or on the* Savannah River at such
time and place as may be determined by the >oard of directors of
+
the Mill Company. Later, it is proposed to add to said mill: another
later
The
^
-
*85,000
-
not
Feb.
planes for personal use to undertake a major, post-war public iinanclng program.
The estimated $1,275,000 net proceeds from the preferred offering
059.
17,481
28,717085
that it will' notstate Income taxes
on
Kennedy, President, stated that
preferred offering'Globe will become the first
16,763
121,853
^ 35,258* t. » 15,836
stockholders
,
,
completion by them
obtaining
The
($10 par» 5'/2^ cnovcrtible
preferred stock w- common %vwvn»4WJLUVi«' UU ■ a pro -I tt WV-. basis at $9
to
stockholders on R
J, U. rata UttftllJM U
f,—
•
'
,
.—
.
-- -share.
John
paves the way for offering 150,CO0 shares
.
v
«•»
•
Stock-4/£ "
—
■
-
-
)rp.—-Plans to Issue $1,500,000 PreCorp
"
$1,238,145
63,211
'
_
Globe Aircraft
Globe-TJnioil, Inc.—To Offer Stock Publicly—
163,
and Dec. 24, a year-end of Sl.65.-V.
each,
The stockholders have approved an adjustment of the company's
.
woiking
Gabriel CouiDBllV—Listinff of AdditicnflT Pgtyi Sharpy
capitalization to authorize 400,000 **"* ""**
that, of said
mpany Ldbiing OI /laaixionai vQm. pfiareS eaCh, €, O. Wanvig, President, anm
of shares
The New York Stock Exchange has authorized the listing of ,72,000
- The company manufacture$'.:s:st0»„^
• ?;«•
above-stated; additional common shares (par $1) upon -official.notice of issuance
tronie component parts, spark plugs, and roller skates at its main
the ; Mill ;; as may be required from; time to.'time to be-issued upon
in . */ru«r0«irx,«
»
advisable. version of 120,000 5% cumulative convertible preferred
Such loan may be made to the Mill. Company by Gair secured by $ ®l0)- mRkfnp'the total »Pplied
371,129 common shares.
P- 902.
o .
_n,
,
mortgage or lien oh the Mi.l Company's mill and on the "stocks, of
lien may
1.
; • ' L,It has become knewn thnt during the war period the- company was
all
subsidiaries of. fhe Mill. Company, which, mortgage or
(Robert) Gair Co., Inc.—Listing of Additional Coin- g The printing of a complete radio circuit midget radio proximity fuse.
instrumental in-the development -of a on a small ceramic base was
'
on
..
,
collateral for a loan tn it, provided
to 1
that a default in
to Gair shall not be a deiault in
said loan to the Mill Company or in the mortgage or lieri securing;;
the same, ..(The company is informed that Gair proposes to, make
loan
to. the Mili
Company.)
All or part of the. tunberiands
owned',or hereafter acquired by the Mill Company may ba held
owned by another corporation or other corporations, all of the stock
of which will be owned by the Mill Company.'- Tne parties agree that
the Mill Company will not itself or through any subsidiary acquire
pledged by Gair
be
part df the
iny
such loan
any sucn loan
as
bv^bj4',
i«in/a:>i^nV>c,f'!aT*rfa' ,i«
woodlands "ando
timberlands
of,-the initial machine
mon
nf
in excess, of
il.<! npfris fnr
its needs for i.h#> operation
the onfirafcloiT.
and the bleaching unit.
-
thJ■ ioiiowing
foitoSin^
effMteueci.
^
pruzer antnmohii.=<j whrMi noai-t,, ii'mrinruZ
FriaSr' will henun *?n
v «
General instrument Corp.—New V.-Pres. OI Unit—
;
other customers of the
to
as,
take
specified
more
above,
piration date of Jan^ 30 the company^lold; 9,956; additibnair shares to
the public at market, aggregating $1.314.0"0. The four remaining •.
registered shares wore lemcved from registration. See also V. 163,
p. 1027,
fail at any time to make or supply, or the
company shall be unable
and fail to take or use", any board , under
the .contract,
neither, party shall be liable to the other for such
■failure.
r ' ' '
••
''
■
' v"
shall* be
unable
and
-
.
MORTGAGE—It is ccn'templated that the Mill Company will borrow $4,000,000, and Gair has
agreed to lend it such,money subject, ■ however, to certain conditions
including the prior consummation of a borrowing of $10,000,000 by
Gair which Gair proposes' to effect about April 1,- 1946. under certain
agreements with two lending iftstitutions.
Under the terms of the
PROPOSED
MILLL, COMPANY NOTE AND
....
I'
.
■
*
Gross'from railway,___ $2,4<7,000
1
:
0Deficit.—-V.income—
ry. oper. 163, C52. 140,184
^
r"
" r
f
-
,
>
—
4ebt.i.Uy.ii.;.ii'
Other deductions.—
.
on
3,693,332
6,472,867
3,611,545
/
„
Gross
.
Crl 16,608
197,537
67,932
.Provision
$2,201,035
1
.Federal
plant
1,813,456
Gross
Expenditures Planned—
A
$10,500,000
construction
and
,v'modernization .progaram for
-
by
"
290,645
69,482
taxes..——1L
income
income
—
$1,230,789
$2,050,472
.
—:—
long-term debt—
172,516
T—
t
Cr2,522
Cr55,843
20,382
preferred
on
stock......
$1,860,075
66,156
$1,115,161
$1,793,919
"
income
Net
Dividends
1-3,992
-
Cr2,501
;
$1,049,005
1,337,257
652,291
$456,662
$396,714
66,156
as
part cf the modernization program, according,to Mr. Mitchell.
Eleven,
trolley coach lines will be established this year and more-in 1947:.
Balance
*
new
trolley coaches will be equipped with ak-conditionr
/ ;•'*
In
addition to 83 miles of trolley coach installation scheduled for
completion for. this year, more than 1.000 miles of power trans¬
mission lines will be erected:-- A-new trolley coach garage and four
T>«w e}«ctric nub-stations to supplv power for the taransj& system will
also be constructed.—V. 163, p. 779.
Thirty of the
;ing units.
48,000
272,462
303,315
transit
electrical services in Atlanta, Ga.,
was recently
announced
E.. Mitchell. -President,
About
140 trackless trolley coaches will be purchased in
1946
and
!■
241.000
48,000
adjustments...—
deductions
-Other
V
254.000
:_r..
acquisition
'
$4,352,675
2,259,778
^ $4,538,725
expenses
for depreciation
Interest cn
'-A" 1945
""
1946
''General taxes
$4,877,149
$2,636,131
^
* '
-
Amortiz., of
-2,676,064
,
p
revenue
Operating
•W,
-•
' 12 Months Ended Jan. -31—1
Amortization of premium on debt
v.
697,507
Grayson-Robinsori Stbres^^^ Inc.—Dividend Increased--r
Gulf Power*Co.-—Earnings—)
3.656,864
$5,362,195
2,676.064
preferred stock.i....
Balance
,,
Crll6.«r8
r;;
income____.__..____._.*___
Dividends
870.276
'
each made on June 8, Sept, 15 and Dec. 15, last year.- An extra of 10
tents Was also paid on Dec. 15, 1946.—V. 163, p. 1027;
2,637,450
3,491,172
6,003,814
2,396,308
profits taxes_-_i.'-.'
Interest :on long-term debt
Amortization of premium on
Net
$2,807,C00
788,425
490,837
692,167
446,601
.
,
<f.\ The directors on Feb*.:27 -declared a-quarterly dividend of 25 cents ;
per share on the* common stock, payable April 1 to holders of record
'March 20, .'This compares w-th quarterly distributions of 10 cents
4,859,7504,777,333
I
excess
$3,051,000
:
1
1<»43 ''
.
General
Federal income and
: JO44
$3,001,000
494c;
b, ,
w
—Earnings—
p;
•
•
w ,
^
Grand Trunk Western RR.. ) >;■:
January— .-.
V'
'
If fpr any month the company desires: to pur"
output and gives
the Mill Company
has
tonnage available, the company shall have the right
to
purchase such additional tonnage.
All Shipments shall be in
accordance with the company's written specifications f.o.b. the Mill
Company's mill or point of shipment, with freight allowed to the
-company to .the point to which shipped, but limited to points in the
United
States
east of the Mississippi River and any other places
without the United States where freight would not be greater than
the maximum charge
in the United States east of the Mississippi
River.
Subject to OPA and other applicable governmental regulations,
-if any, the price of kraft container board shall be the market price
generally prevailing at the date of shipment for similar kraft board
delivered to plants located in the same territory as the plants to
.which shipment is made.
If in consequence of any delay or failure
from
causes
beyond the control of either party,, the Mill Company
notice
additional
*
* i
revenue_.i—$50r624,924 $43,650,118
24,147,996 :23.255,010
Operating expenses....^..—......
Provision for depreciation..—
Amort, of plant
acquisition adjustments-.-.--
its specified percentage of the
thereof to the Mill Company, .and,
than
certain
'
Gross
company,
•chase
'
,
k-tcckhclders of record^ Jari. 7, 1946 subscribed for 5,COO rbares of
capital stock (no pan at $100 per share for a tatal of $500,000. In
addition. 40 additional shares were soldtotal round cut full sham:, at
to of $5,600. After the ex$125 per toare plus $15 dividend, or a
,
X' 12 Months Ended Jan, 31-
the same wh-ereilpon the Mill Company will so notify
and in the event that the company is not so notified
shall continue to be obligated to take its full share of the output
it
.
availability of such tonnage who may
>
>*
Graham Newman Corp.-Sale of Stock—
General Public Utilities Corp.—^Weekly Output—
The electric output of this corporation, for the week .ended Feb. 22v
;r>"
*
:GeOlffia & 1' lor.da RR.—Operating Revenues—
'
Production of the new
l «!
r.azer wm Degin in April.—v. 163, p. 651.
1246. amounted to; 120,628,137 kwh„ a decrease of 4,4§7,069 kwh., or
^ frQm the corresponding week of 1945.-V.163 p. 1027. *
"
provisions suosianuauy
.1
acquired ,in iuart
present stockholders; f
y
,
elect
will be
rd
-
-
to
notify
.
J5 and Sept 18 80 cents each of $1.25 per share on the *$5 'cumu75 cents
aividend and Dec 21
, The usual quarterly rro
dividend of $1.25* per declared, payable March
share* on the $5 cumi
:,
iative preferred stock rro par value, was also 1027.
par 8.—V. was also declared navable Marc
March value
163. p.
30 to holders of reco-* *" * " " - 'v *
-• • -
agrees:.to sell.tp, the company^ a?d the company
" , r*mntivai Wrntnani f*nm ' JXaw'xt'"TTm'f
purchase from the Mill Company, kraft container board
• »
quantities and on.)the terms-and conditions: feet forth in said
,, The corporation on Feb.
13 announced the election of Monte Cohen
contract.
The term of the contract commences on that- date. when as • a director " and rVice - President and Treasurer* of- its recently'*
the initial machine shall be completed and is in operation and pro-.;;>-:acquiroci subsidiary, the F. W. Sickles Co.
Mr. Cohen Joined Sickles
ducing kraft container board and continues for a period oL 20 years,
in 1929 as Prcduction Manager and Chief Engineer.—V. 163, p. 9C2'.
and may be continued
for further periods of five years by written "
-O. •••„;
V','agreement between the parties to be made at least six months prior
..
_ x; - - •
to the expiration date of said 20-year period or any
such five-year
-period, provided that at such time company owns 25,000 shares of
Period— -v ' \
, —Wk. End. Feb; 14-^ ;iJan, 1 to Feb. 14
class B. common stock of
the Mill Company or other securities of " ,
, 1946
1945
•• 1946 ' •: * 1945 ■'
$46,625 ' : $278,625.
• $291,980
Operating revenues..— ' ;' $46,375
the latter issued in exchange therefor.
Company shall purchase 40%
of the output of the initial machine.
If in any month the company
^y.;i63, p. 1027.
does not desire to take its full
share of said output, it slvall give
vv V' •:
notice thereof to the Mill Company and the Mill Company may then
.' Georgia'Power Co.
the
was
• Ths "directors on Feb ?6 declared & dividend of 75
oh the common stock no par" value payable March*?2 to holrfers c
record March 8. Payments in 1945* were as follows: March 21 June
AUC inawiuci y. «*iu c4uih»»««v. "» uie uuu.ujngs is. not invujvcu rr
the sale and Will be removed at Government expense.—V. 163,. p. 651.
eetween the compant and the
proposes to enter into a - contract with
wntaining ambhg others-:-provisions substantially
,
This- iv.se
<B^F*) G(»drich*Cn>--*75~Cent CommtJin Dividend—^
.
a
^ s«cei
cost of +v,°
The. Mill Company
agrees
In the
revolutionary .technic.
Scome erSiv5UCn *slatsment under "the
•
and, remode'ed
The plant includes a building constructed in 1893
,
Company
"
.
in 1924 and a new building erected in 1941-42 with a totaL floor
area of 311,646 square feet. The rental to be paid represents tin 8%:
return on the fair, value of the plant, estimated at $1,531,857. Actual
amounted to $1,543,651.
-
agreement
Comoanv
tne
to
General Electric Co.—Leases Gov't Owned Plant—
-
The plant operated by the above company at Campbell "Avenue and
Olean St., Schenectady, N. Y., for the manufacture of raido equipment
will be leased to the-company for a five year period, at an anmml
rental of $122,550, the War Assets Corporation, a subsidiary of .the
Reconstruction Finance. Corporation,' announced- Eeb. 11. ^ « • „ ' "
,
party
kra.lt
which
may elect to take all or a portion of that share itself.
When and as
the
Mill Company" completes the
bleaching unit (as to which
plans have as yet been made) the company will have an
any
time up to the:, time when such - unit goes into operation
purchase up to 40%, and Gair will have a like option to purchu—
up to 60% * of the output thereof :at, such -price- and oh; such terms,
not less favorable than those of ,other customers, as may be agreed
COMPANY
of. a
from
parties to
Mill
means
head-
purchased by Gair and 40t)-v by the company, each of said
enter
into
an
agreement with the Mill Company.
If either
does
not desire to purchase for any month fits -full share of
container board it shall give notice-thereof to the other party
toe
by
accomplished
;
h
annual production of the initial .machine when fully
broken-in and Operating will be approximately 135,000 tons per year
of kraft container board.; Gair and the company will purchase the
initial machine's entire output of kraft container board, 60^ to be
MILL
.
.
_
.
,
-The f estimated!
""pboposed
..
Stock
—-————
Non-recurring
amount
....
new
.
Balance
.-..above
as
it
non-recurring
/"■Equivalent to
of cost
—v.
would* have
been
item..—
except
for
reduction in Federal taxes due to the amortization
applicable to the war emergency period.
of emergency facilities
163,. p.
780.
-t;
.
•
"•
•'
X
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4469
163
;
Gulf Mobile & Ohio RR.—Earnings—
;
Gross
Net
from
Net
ry.
—V.
Y://Y'
from
•.'*
•
railway
railway-;.-Y/Y
$2,972,6222
699,007
256,601
income
oper.
1944
$2,926,246
901,088
1945
1946
-►
$2,845,353
■
.917,208
312,953
,
',
1943
March
•
•
"L January—
,
Y 347,806
will
first
be
become
effective,
purchase of the
a
mortgage
filed
the
filed
21
company
^to invite sealed bids
proposes
Y /
company
mission
;
stock and.
Note,
Engraving
Moves Executive and Sales
York
St.,
which
company,
since
State,
has
1
Printing
&
Co.—
Adams
In
St.
new
its
to
bank
note
work,
ments
of
the
Securities
"The removal of
trict
for
was
Other
officers
board;
and
and
convenience
of
the
of
Lewis,
President;
O.
Staunton, Vice
Brody, Comptroller,—V,
P.
L.
President
p.
:f
jfhe
directors
share
per
March
June 26.
cents each;
30
1945
26,
were
use
-
bring
revenues--—
$73,208
48,985
Y
2,496
"Taxes
to
Plant
'.
and
26
2,347
—
3
$714,661
oper.
10,342
33,963 '/
v
1,963
v
A.
prove a valuable supplement to in¬
bank manual which will soon be
B.
A.
of
to
buy
Guggenhime
the
&
1
U..
fruit
firm
in
Excess"
—V.
had
sales
type product
Inc.,
into
according
from
to
the
the
its
and
since
stock
Dried
family.
application,
sales
proceeds
A
cash
*
Hunt's
of
the
"
pay
-Founded
tion;
in
Hunt
1890,
Foods,
the present management.
were
$9,848,943
against
;
of
$33,000,000.
basis
of
the
dried
fruit
/
interest
-•
over
rev,
i
!j'• V
'-<-Y
■■'/Balance,
$12,707
——————
accruals-
res.
,:/:/;;
$10,670
1944
35,000
...
*35,000
v
and
paid
$118.8.79
$123,710
2,916/
2,916
about
its
so
$2,319,177
$6.50
in
per
management
the
fiscal
the
Gross
income
Net
$9,791
$7,753
$88,710
V//47
.45
569
514
$9,743
$7,708
$88,141
$83,364
income
Dividends
—V.
declared^X^
in
.
excess
14,
of
$1,20
71,253
excess profits faxes.
«
^':r".'"v-f''
i**•"•
•
OTHER
•
to an
its
made
director
or
.
p.
of
61,425
(■ ■W
163» p. 652. "
application
would
-
■■■
share
per
has
been
each
ACQUISITION
$1,000
the
6/».
bond
gold
End. Dec. 31—
U.
S.
District Court
1946,
of
the
cumulative
Taxes
bonds,
rowings,
and
possible-acquisition
other
of
—Z—■
the
359,910
earn
quarter
0,1
amount
was
Y
for
bonds
of
the
Southern
ka.wn
-of
sum
as
-v;Y'Y/-
Net
res.
'
'.Y-:
;-
'
-v-
188,745
139,291
110,000
100,000
$28,123
$404,568
$378,865
3,719
173
2)r9,287
$31,841
$404,741
$369,578
8,614
103,331
106,821
$23,228
$301,411
$262,758
8,333
'
;
8,626
$22,865
-
.
requirements, J.P.S. Co., Ltd.—
J.P.S. Co., Ltd
-Y_
paid,
781/
p.
732,262
131,081
:
-
income—
dividends
$1,539,163
203,967
17,802
income-2YYYYY'"$31,*90
Com.
'
21,429
-
9,167
deductions-^—-/ Y
dividends
1945—12 Mos.—1944
$1,603,755
760,150
65,076
3,055
aqcrls,,
"
•>
160,
(& Subs.)—Earnings—
$140,763
22,943 Y
:
.
—V.163,
.
,«
125,2/3
111,860
$1,300
•
,
•
•
.,,/
.
91,300
.
.
•
./
outstanding
short-term
businesses
Novem-
series
$147,074
—2——
Retirement
/
■
•
Can
\a-ancy
last
there will be paid the
issue
'/ 1945—Month—1944
revenues—iY.
Pref.
all
declared
:
of
Jamaica Public Service Ltd.
from
.
POSSIBLE
Co.,
t ie
\
v.
Maintenance
.
SEC, include:
redemption of
preferred stock, reduction of current
&
fill
Gulf Ry.—Final Distribu¬
&
Operation84,377;/:/
/
bring
materially
to
Blytn
to
Blyth & Co.
tie.--v.
1402,.
Yz Period
// /other purposes--->for4Which;;-41i6'.-aew-.Hunt's
of
director
A, due Oct. 1, 1951, upi>:i
at the Maryland Trust
Co., corporate tinsSts., Baltimore, Md.
This payment will be
a final
distribution among the holders of said b ndj and ho
further. payments on said bends will be ma
as.
other
,v
reputa-
;
'
287
$32,933
Director, Etc.—
1,
order
mortgage 25-year
28, -1945.
Hunt U / -Gross
profits taxes in^ 1945 a Income
«
•
y.
$31,090
of
as
June.
Florida, dated Jan. 30,
for
Feb.
benefit
to
company
$83,879 r the elimination of
:
charges—,—
Interest
ended
year
share
common
expects
"
9,353
•..;
/
,
Hetirem't
■
190
$41,117
$110,285. / Hunt's expected sales for the current fiscal year above $41,000,000. vf / Utility oper.
Income-/.yY $27,033
Net profits, before provision
for Federal income taxes, in the fiscal
Other income
8,593
.(net)
4,457
Y year ended Feb; • 28, T943, • were $375,333. They were $1,351,997 in
10,582
85,114
9,355
/ presentation of such bond
tee
Calvert and Redwood
earnings- under
line
of
outstanding
$79.64
,/
Sales in the fiscal year ended Feb. 28, 1943,
estimated
sales-, for
the
fiscal -year
now
Addition
18.336
85,100
v;:
.
9,142
■
1204.,/ ;;
dividend
/. District
Y:YV:-Y
of
and
int.
the death of Mansel P. Griffith
Operating
product quality as the
has enjoyed rising sales
Inc.,
debenture
expenditure
Pursuant
Guggenhime dried fruit business con-/
"acquisition of Califor-nia Conserving Co.,
specialty food line, which was through a
with
on
15,342
85,100
debenture
on
tion to Bondholders—
Norton Gim<m; ^Chairman'; of
HHttnt,!' fold:" stockholders when they
approved the California Conserving Co. merger, that Hunt then planned
1
14,666
debentures
Jacksonville, Gainesville
com-
FOR CALIFORNIA CONSERVING
1645
CHB
$90,757-
; -
the
of
$78,897
8,762
to
$1,000,000
.
'
,
5,829
$67,942
investmentsY
W-Y/—151
p.
-March
on
facilities
*
4,544
Feb. 1, 1946, payable 30 cents
Sept. 3 and Dec. 2, 1946,. A lik 5
//paid each quarter during 1945.—V.
162, p. 879.
;•/!'"' '
:$r
to
8.445
$93,69(1'
—
shares
'
fruits
proposes
the Guggenhime option, and an additional
capital for the new Hunt dried fruit division.
with
161,
ber.
the
policy the
Hunt
SEC
-
3,594
R°y
Shurtleff, Vies Fresident and
Francisco, Calif., - has been elected a
•
for taxes
products.
1943
5,876
—-
Iron Fireman
IVIfff. Co.—-New
-in
MANAGEMENT
food
1944
$82,797
——
5%
of
caused by
NEW
specialty
on
exchange
payments
•
UNDER
•
was
meeting
1945
before provisions
1945
$70,223
of. San
"1946,'
10,
.23
Corp., Quebec—Report-
withholding
^
from
S. inc. tax
;V,
YYYYv
''
S.
..
Feb.
Share
'YYY- Y
invest. income__
on
revenue
Interest
v
:vl>
April
their
Canadian
Expenditures
•
until
and
Net
;
West's
Co.
&
investments
taxes paid
U. S. exchange
-..
preference
of
one
S.
from
Com-
/further expansion.
112,941'
$113,127
662.
U.
improvements at Hayward, Oakdale and Moun¬
"Calif.," it'is estimated "in the application, will take an
$500,000 While improvements
at other Hunt plants
will
processors
•
29,1-57
.
117,925
.
$10,008 h
$10,744
revenues—/
Jlon-oper; income (net) i
dried
of $544,438
:Y"
..
EXPANDS
new
Furchase; for
•
Y 424,236
•
shares
•/....Yf..Y'Y^V
49-year-old
profit
a
$1,500,090
.View,
trasts
/
$676,621
'
449,645
Exchange
under
and
ending
Net
a
working
tain
1946—12 Mos.—1945
$67,812
45,113
10,982
.
processors,
added .chiefly
Foods,
up
for
holders
to
March
Y:
1946—Month—1945
--1——-
Maintenance
The
and
has
mitments
i.
and Dec. 22, 30 cents.—
cents,
20
follows-
as
Revenue
Issue to
arid
new
option
an
apricots.
HUNT
additional
Haverhill Gas Light Co.—Earnings—
Period End. Jan. 31—
Operating
Operation
Francisco.
Y: Hunt
■r;
"V. 162, p. 2642.
,f:
fruit
V
Sept.
175,000
r--
Payments in
It^. will
the
equipment
Investment Bond
■■-
Buy
,YY;'■'
Securities
of this, option, which runs
Guggenhime stockholders at
$8,103,862
would
disr;
{
stock, .par $5, payable March 26
common
12.
in
farm
on
Years Ended Dec. 31^—'
Y
■
shares .to
acquired
dried
Smaller Quarterly Dividend !$,require $200,000 more.
declared a quarterly dividend of 25 '.cents
Y * ^TOCK GIVEN
Feb. 26
on
the
on
of record
just
and
by
company
/^YYYYYYY/Y^Y-YyY/YY,YYY/:Y?Y^
Ilarrisburg Steel Corp.
Stock
Y':y
the
''
'
he pointed out.
•
McLendon/ Chairman of
and Secretary;
Phineas
280.
New
issue
to
•
March
annually
.Y
Expansion has been, a definite policy of Hunt -Foods,
Inc.,
of the present management in 1943,
Under such a
McKee' Robison, Treasurer,,and Jerome
148,
contained
financing to the 13,000 country banks
to guide them in
making this type of installment loan.—V. 163, p. 465.
•
before
or
$1,000,000
entry,
i
clientele,
are:
Vice
has
largest
Y.Y
require¬
the: financial
Foods
peaches,
San
equipped
now
formation
distributed
Hill, Jr., President.—Vv 163,
asked
common
non-recurring losses.
Mr. Mattson s&jd.
sales/offices•• to
its
of
company
McDaniel
is
company
Exchange Commission,
its Executive
the
the
statement printing under the
Plans
—
27
permission
and
approved
-
addition
on
Y,'Y,
Feb.
on
125,000
Acquisition
and
name
same
N.
to do corporate and registration
the
under " the
sales of farm- equipment.
,
■.
,
expand
figs,
incorporated under the laws of New
executive and sales offices at 68 Wall
Y., Philip T., Mattson, President, announced on
company's principal offices heretofore have been in
Y.,'\where its plant will continue ^to be located at 142
*
'
'
N.
..v.'.,
1159
Francisco,, packers principally of dried and evaporated prunes, raisins,
V
Offices—Y./YY
operated
for
Hunt
The
Brooklyn,
payment
■.
.
:
it. was
opened
York,
19.
has
when
1884
New
Feb.
for
Y:-
Yr
•
to
and
..
This
charter
called
acquire a new dTied fruit diviredeem all outstanding 6% preferred stock and to
improve
its food packing facilities at Hay ward,
Calif., and other
Y plant locations; and for other corporate purposes.
;-
V sion,
oldest
Bank
George A.
://
Foods, Inc.
s
for the
bonds/.
mortgage bends, series A 3V« %'.tV. 163, p. 71..
.The
.
proceeds are to be applied toward the payment of the prin¬
premium and interest due on redemption of $14,350,000. first
Hamilton
according to
•
Guggenhime Dried Friut Firm—
alter
The net
cipal,
*
Hunt
registration statement with the
bonds due March 1, 1976.
The-
by amendment./
v*.:>■ TY'*'-'Y Y
the registration statement shall have
practicable
as
1946-48,
l,
Co.—Registers with SEC—
Feb.
on
$15,000,000
rate
stocks
L
1028.
>
soon
preferred
.
May
company
for
As
cumulative
•
p.
SEC
6'Y
■
Hackensack Water
interest
of
Y To Redeem, $3,000,000 Bank Loan—
$3,190,644
1,235,926 Y
The company will pay off out oi
treasury cash
4S6.606 V. 31 its entire $3,000,000 temporary bank loan, due
163, p. 652.
The
shares
904
and
bor¬
Jeffei'scn Lake Sulphur Co., Inc.—New President—
;;Y
companies
4
..The
Stockholders at their annual
Hunt's -'-expansion program into the general food field. "" ' "■
Two Acquisitions--Y .'Yin With the
meeting held on Feb. 14 elected
added reservoir of working capital, Hunt shares
oiit- Z Roger J. Barba, B. S. D'Antoni, Adolphe D'Aquin, S. J. T.
Hardy,
!
Corporation has arranged to acquire the business and assets
standing, after the proposed new issue, would
; Sydney G. Keller, Charles
total' 272,390 shares
Koen, Dr. Jos. C. Menendez, -Joseph Mullen^
of two companies which will round out its production lines consider-:! 1 of
cumulative- preference
August W. Nolde,- W.. B. Sirera and
stock, and 448,237 Vz common shares.—;
Eugene H. Walet, Jr., as directors
iably, R. W. Clark, President, announced on Feb. 28. V These com¬ ../ V. 163, ;p/ 903.1> Y..-:>
of-tne company for the
/
ensuing year,
v;Y
■
,
panies are American Engineering CO., Philadelphia, and its subsid¬
The directors, at a
/;■" v!'.///".:'--'" //.!.. -/I...■_ /v'/!-/•- /
meeting held the same day/elected the following
iary, the Faraday Electric Corp., of Adrian, Mich., which together
officers:
Adolphe D'Aquin, Chairman of the board;
Eugene H. Walet,
have total assets-of about $3,250,600.
RR.«-Earnings Gf System-L
' ■ A
Their purchase will be con-;! J.
Jr., President; S. J. T.
Hardy/Vice-President; Roger J. fearb-t, Treas: Month.of
jsummated
ianuary-rrY
/
through an exchange of securities.
1946
Control of
the two
51945
urer; chas. J. Ferry,
Secretary; L. L: Lassalle, Controller, and W. J.
Railway operating revenues
companies has rested with Chicago interests to which Hayes will issue
$16,321,220 $20,917,381
Thomas, Jr., Assistant Secretary. ./Y."
•'
;
Y
mot to exceed 215,003 shares of its $2 par common stock' now held
Railway qperating expehses-_'_--r--rr-«-----T--— .13,018,292 > 13,900,095 > / Joseph
Mullen, President of the company since 1941, requested the
din Hayes' .treasury,'*Mr. Clark said.»
*
'*
board not to return him to the
j
'
- '
f
office of President as tther business
Since
V-J Day the Hayes'corporation
Net/re venue" from railway operations^-.—-4-—
$3,302,928
has expanded its facilities
$7,017,286
•affairs Would not permit him to
give sufficient attention to the affairs
and has resumed the manufacture of automotive and related equip¬
'Railway 1 ta*<-acqrualsY/--Y-i--YY^Y_W4.-J4v*.; ; 1,801,601 v 4.400,898
of the
company..
He will continue, however, as a director.—V.
162,
Equipment and, joint facility Tents
ment. including truck and passenger car bodies and cabs for com¬
159,058 ;;
139,492
p. 2944,
• /■-"■;•
»■< ;<■■
;
Hayes ,3\Hg. Corp.«-«Announces
The
..
•
/"Ulinofe-Central
' '-••v
"
•
-
,
mercial
purposes?'also
the production
of
refrigerator and
deep freez¬
Among recent contracts arc
-orders lor metal assemblies lor Kaiser-Frazer cars, bodies for the-new
ing'cabinets and household goods parts.
"Willys-Overland
tional
station
ordersi from
.
wagons and iight delivery trucks,
International Harvester Co, .for truck
-
«tc.
Besides its plant at
—V.
162. p. 2818.
■/°After
providing for Federal ihcorae -and
Ship Island RR.
Stock—
The
Y/y'-'Y^yYy Y:'V.Y
stockholders
proposal
aa.
shares
€00,000
will
vote
increase
to
to
provide
at
their
annual
authorized
the
for
financing
of
a
Y
•
meeting
stock
common
on
March
7
!
■
-
v.
'/./ //■! //■'■/*'. .■'/!/!./•
.
.■
Karl 'F! Bader,; formerly/ Assistant Secretary and Assistant
urer,rha*s'been elected'SecretaryY-V. 163. p.* 652."
"
/
■
"
Indiana "Harbor "Belt
plant.—V.
•
Hercules Powder Co., Inc.—-50-Cent Common Dividend
f
The
•
directors
the
on
common
'
March
14.
Feb.
on
stock,
27
no
declared
payable
par,
Payments in 1945
'
dividend
a
were
as
March
follows:
of
25
50
cents
holders -of
to
March
record
24, June 25 and
45ept. 25, 50 cents each; and Dec. 21, a yeafc-end of $1.—V. 163, p. 803.
1,220,918
Home Insurance Co., New York—Annual Report—
.
1945
Y *s
deficit
Miscellaneous
Total
fixed
deductions
from
'-exceeded
caSh
of
the
hand
on
anad
Government
bonds
■/
Y $114,636
Income.
3,i4i
charges-
unearned
Y 41,953
—V. .163,
of
Cash
the
in -charge -of
Government
in
earlier,
year
;
at
"Kehneth'K.
year's end amounted to $21,252,662.
Holdings of United
bonds increased to
$43,311,100 from $34,764,718 a
and investments in all other bonds and stocks totaled
$93,759,025, compared with $76,426,405 at the end of 1944. '
-Y
"Total liabilities except capital,
amounted to $87,136,742, in which
States
included
were
the
for
reserve
.
In
tained
by the industry in 1945
Tise
in
in
the
material
report
that
replacement
the
general
Was
costs
reflected,
which
as
well
as
to
other
at
in
fire
least in part,
v
and
interest.
of
to
property
debentures
1946, and are due Jan. 1, 1966.
Proceeds from this debenture sale
was
are
dated
Jan.
,
applied to retirement
,
1,
Y/.
s
.357,-
the
of
senior
V
.
elected
board
162,
p.
of
/■
General
1284.
President.
with
\
.v.;
•
time
for
>
.
Boynton
Electric
He
associated
representative
./
;
•
Will
the
President
South
on
by -farmers
In
"tional
company
were
arranged to
substantial
a
of
.
a
'■
•
and
dealers
for
-
"
-
the
Plan
.
as
owned
merger.
and
on
immediately
<
.,
stock
corporation; except,
surviving corporation
the holder of any
>
of Jo"17
*h-Tl be entitled
Joy
and
as
im¬
133, p. £04..
$4,780,849
$3,437,517
$6,219,820
-6,947.7'17
4,40','721
291,678
258,415
413,038
$409,920
$l,2n.235
$1,384 001
18,534
23.5C3
$428,454
$1,254.3 "5
on
Y-!
income
^Aftef
Of
•
4"4,079,251
L
—
'
(ihcl. sale of Scrap)—
L.
ti
"■
1
1
\
15,212
:
Y
;
paid
on
y'
pfd. stock-
1944
*
.
-.
for Local
135,000
^O.Ooo
-
for post-war refund and $93.4"!
(estimated),
of
$341,705
67,500
in
tlncludes Mexican taxes
:
•
/-'
1°43
on
/-■
for
income
'' '
-•
in
tax
accounts
banks
and
'/
series
on
cost
receivable
(nett,
hand,
and
$364,5"9:
accrued
$448,408;
tY'ted
Stales
interest, $50,025;
sued—
arenunts
re-
'ceivable,-. $9,780;
•/'.
inventories (net), $583,738; sundr- ascouhts receivdeposits, $5,825; United States Government
fat cost),
$5,000; cash surrender value of life insurance, $59,85"; corporate; stocks
and bonds (after reserve of $4,250), $1,796; plant end
able
and
iafter
reserve
'
for
depreciation
of
$1,148,891),
$517,762;
preprd'l
$7,260; total, $2,054,052,/• •
expenses,
•
LIABILITIES—Accounts
payable (trade), $65,"636: a~comts payable
(sundry), $14,007;
accrued
expenses,
$49,628; diviGeu-"! dte laved on
preferred stock, $22,500; due to United States Oove-—n"mt
irenegoTiatib'n refuhd" for year
1944){ $105,045; reserve feb Federal
Bank
agreements
financing
19,896
$32«T49
BALANCE SHEET, ' DEC, 31, 1945
notes,
customers*
9,025
*8r'n ">9'>
9,154
"
$130,756
'/•
•
;//y/v-Y:;
/Treasury
banker,"
G.2,9
17,698
YYYY/_lYi/
$90,000 in
$882Y'"'
$1.40\P13
taxes__-//_Y/Y-/-~Y!/:::i:65,000,.v;;Y191.50q/":.//';l3'(;,CO()i
ASSETS—Cash
portion
-••
of written
satisfactory
Manti-
•
debt retirement credit
Cooperating with banks, Internabooklet for nationwide distribution
bankers. ^ This booklet, entitled ""A Practical
Financing of Installment Sales," suggests forms
bankers
Sullivan
common
completed contracts—
Y Cash dividends
revival
of
Purchase Plan whereby
fail due-at approximately the
•
,
td
•
Net
.
substantial
which
furtherance of its policy
Harvester has published
between
on
Total* income
V'!
they sold their major crops, r The company has not-.
Withdrawn this cooperation' in financing times sales when the dealer
requests it,..
of
the
Joy
Federal excess profits taxfes
——/ 211,000
-State income.taxes-^_Y-^_w—fc---// 4,000
:
equipment, motor
by-this company as a
to finance such sales is the local
has financed
sales of its dealers under an Income
payments
date?
years the
of
to
.
believe that the logical man
many
rehd.
Other expenses
Federal income
-
'
following hpon resumption of full-scale industrial production.
■-,.'.
.■
• / .•;
- /- -, •
P. W. Jehks, Vice President in
charge of merchandising services, said:
''This company is'a
manufacturing and selling organization.
We
For
stock
completed
contracts Y___///__—Y_—Y—
Sell., administration and gen. exp„
in
America
sales
...
distributed
or
-'
!,//:
and
a
the/shares of stock of the
shares
-Profit
*,.!.
tractors
.-.
Joint pian
in-the
Other income
and
of installment sales of the company's
(farm
a
be
Co.—Develops Credit Plan—
financing
of
held
Y. Bill
com¬
:i
through dealers
refrigeration)! has
terms
.
was
of
...
>
the
Kansas City Structural Steel Co.—Annual
Report—
Y" Y
/v/:..;--..
1945 :■
l'?44 ::L/- .1943
companies
all
1
sold
of
-Cost.of bills.rendered
Vice
relationships
of
none
apportioned
the common
Calendar Years—
$167,147
Y-i'-Y' :.
appointment,_ Mr.
plan forJoc&l bank
the time
"
of
of
.
of
The
$159,730
^
and
been developed
guide for bankers and dealers in
anticipation of
Texas—Sale of Debentures Pri¬
vately—The sale of the $9,500,000 20-year
2.85% sinking
'ifund debentures (see V.
163, p. 1028) was made pri-.
vately to Northwestern Mutual Life Insurance Co. at
99%
the?new
trucks,
by the
continue
/
Oil Co.
been
International Harvester
A
losses, he. said.
Expressing
jji;» warning note, it was pointed out that policyholders, to their own
detriment, largely have failed to
..keep their insurance coverage up
An line with the increasing values.—V.
163, 'p, 193.
Y/Y/
•
Houston
has
this company's
will be the
f
products
sus¬
applies
to;
/
President,
losses
may be expected to
1946.
This factor
;*o have considerable effect throughout
automobile
Increase
Boyntoit
Mexico City ~>-V.
.
out
"
and
Chairman
unearned
discussing the outlook for the future, Harold V.
Smith,
Europe,
Prior
premiums mentioned above;
$17,528,837 reserve for losses, and $4,299,218 reserve for taxes.
Surplus
regards policyholders increased to $85,066,859 from
$68,910,481
reported a year eqrlier..
-
Y
pany's business there...
v®s
"ponits
".
Y^'
/
/;
International General Electric Co., IncY-New
V.-Pres.
high level of $172,203,602, compared with $147,045,440 at the end
1944, a record at that time. Y'.•;/■//-•/ YyYY -LY/YY'L!/ • YL:/
new
,
p; 904.." '
YY.
pursuant to
mediately prior to the effective date of the merger.—V.
3,121
33.809 Y
r
'
Net deficit 4.u*iY.YY,
premium reserve of $62,085,749,
-extremly liquid condition of the company. ;■ LY/Y ////
''Y-^'-Y/YYY
: Y- The
report disclosed total admitted assets oh Dec. 31,! 1945, at a!
$l)v! all
total of not exceeding
surviving corporation is to be apportioned or distributed to
/'/ the holder of such shares of the common stock of Ladel on
3,970
$130,217
of
$64,563,762
reflecting the!
issued
nbfc
(par
surviving. corporation the same number of shares as
74,100
by them respectively iq, Joy on the effective dote of the
merger..
121,736
;
-YY/- ■■
• Y
-YYYY'/Y'
Y.. As Joy is the owner of all the issued and outstanding shares of the
cRpltal stock of Ladel none of the shares of the caTt-l -took of the
$134,187
3,647
-YY-/Y/Y//-/YY
•
total
be
hold
Was
161,118
.
to
$61,652
$118,283 /'
:
..
•
The
to
shares
t
Balance
be
to
are
1,315,210 -/-.prior to the effective date of the
82.851
rentsY_yY_.Yi
fetockY-Y
the Tilting ;oT
stock
common
basis of xbnverting the shares of t'12
capital stock
/ x»f Sullivan into shares of the capital stock of the surviving corpo¬
ration are as follows:
Each share of common stock 6? Sullivan out• standing, - and not owned
by it er held in its treasury, on the effective
-date of ,the merger and all
rights in respect thereof shall forthwith
011
the effective date be converted -into- and
exchange-hie
for
IV4
shares of the common stock of
the
$1,376,802
$1,346,604
operating defY-2".
Other, income--/-,4/ .:/■ /.■■/ -/■/"•• ./.;///
Reflecting a year of unusual activity, the annual report of this
'companay, for the year 1945 shows net premiums written of $74,559,€48, a new high record in the history of the company.
It compares
"With the previous peak of $71,422,544 reported at the end of 1944.
authorized
of
surviving
ket tailway
"!
Y
shares
y,however, 'that'
x
1946
$125,686
Railway, tax accruals_^__^.4_
Equipment and joint facility
has
shares
are
The holders
'
■
/
share
per
Exchange
additional
The manne'.: and
/ i
RR.—Earnings-—
Month of danuary—
J
Railway .operating revenues
Railway operating expenses_____^______j.
*
•
/
••
merger, providing for the merger of Sullivan Machinery-Co. and
L&del Conveyor &
Mfanufacturing Co., with and into Joy Manufac--
/
Treas¬
^
'•
.*
-
.
■■
-
Stock
■A turing
Co. as the surviving! corporation-.
Iradel Convc or As
'•!' facturing Co. is a wholly owned subsidiary of the
company.
Illlti©isC;^ow«r ;:Co.«~^(ew "SedretaTy^1 >
.
/>/
;
.
/./Y/Y5///l/Y'Y';'!/Y-///;Y;'■'/;/ ///:*:..-'■ Yi
,!///1;
York
140,384
ft of
.
^
which
The
j:R*e-
profits taxes.
-
New
authorized but unissued, making a
■673,486 shares applied for,»
<
v
'
•
Both earnings Statements given in the ^Chronicle" of
Feb."25, 1946,
those for the. month 'and 12. months ended Dee.
31/YVJ 163,. p.
1028.;
to
bottling
new
The
//exceeding
are
on
400,000
from
excess
t
'
%
1,028,224
-
/ $502,617 \$l,585i023
^"
stated to include-Gulf &
Adrian, Mich., a plant is operated at Boston.
-/--
■■
loy Manufacturing Co.—Listing of Common
.
of
Heidelberg Brewing Co., Covington, Ky.—To Increase
'
,966,024
;
*Net income
Y
'
.
Z;/;/;'-///' /■/;iY///;/!'/'■■'•/;/•///.■// /!// Y;/::V-://Yr;''-/;/,! /////-»■;v
income
Fixed ^charges
and/
machinery parts. '
American Engineering manufactures electric hoists, stokers,- hydrau¬
lic pumps and motors, transmissions, marine and deck auxiliaries and
operates two plants in Philadelphia.
Faraday is a consolidation of
.-Schwarze Electric Co. and Stanley & Patterson ahd is known
primarily
s.s a
producer of electric signal systems, electric horns, bells, chimes,
•
railway operating
$1,342,269 - $2,476,896
■income;Y4/----Y—;• 132,116- / .-t 143,164 ;
Miscellaneous-deductions
,,
•,
5,744
6.813 /;/■
addi¬
and
Net
,
•Other
time
■
•:/
-
r.
,■
»
t
-
w
;
t
i.
j
....
-
••
.
'
1
'
-
■
•
V.
161,
>p. 906.,
Ry.—Earnings—
City Southern
Kansas
Month
January—
of
Railway
operating
S3 245 473'
12
Months Ended Dec. 31—
I®**
"•«»
125'000
*
'
■
•
.
i.
••
■
Marathon
income
/
163,
-V.
Inc.—New Director—
been elected a director to fill the vacancy
has
Anderson
O.
CrMr^Anderson ^"has** been^ a^ociated*' with
V.
163.
held
and has
465.
years
14
p.
.
1
*
' '52 Weeks Ended-
'
Railway
'44 Jan. 1, "44 j
lneti""--
taxes on income
Federal
for
•Prov.
■
Nef
income
if?'
22'94o'ao?
surplus
Total
20'98^'noa
3,673,178
3,673,178
dividends •__!
Common
Months Ended Dec. 31—
.
Earnings per common
Federal
"Includes
1945,
taxes:
profits
excess
for debt retirements of $768,000);
(less credit of $517,000 for debt, retirement).
(less credit
680,000
'
Net
*1945
"
■
Federal
»
•
"735;
;j-i.
to)
•»!
•.
•
24,739
$2,457,312
common
162,
987.
p.
■
$2,470,637
900,570
' 300,948
$1,269,119
$1,255,795
end of period
•Preliminary.—V.
900,568
300,948
;
'
Louisville Gas & ^Electric Co. (Ky.)
vv-V;,;
revenues
-
Operation—-*-.!
——
—
—
Maintenance
—
Depreciation
38,471
taxes)—,1,202,933.: 1,250,468
—-—1,190,500
1,190,801
taxes.—] 2,111,700 * 2,937,807
—1116,100
121,861
(other than income
Taxes
Federal
Federal
excess
taxes——
income
profits
taxes
income
State
>1
Net
income.
operating
Other .'income
./
——
-
—
—
..."
»:
'
.i 1
'Gross1 income
•
~
Net' income
Balanoe
—-——„1,656,036
——
1J
~
$4,436,025
1,663,394
$4,458,525
——.
-
deductions
Income
*'
'<
^
V,\-V
'
1
'
>
-
"
840,038
15,398
Divs,-
on
5S«>
Divs.
on
5%
common ;
>
100,000
pfd. stock (par $25)
976,013
stock_i-s~—---T.-»-.—1,550,763.
.-natural gas rights——
Loss on sale of physical property——
—
Miscellaneous debits
—.—
——*
'
0
*;
'•
''
' ' "" ' •' ''1
h
(''..AV"-'1"'"'1;1 '
Balance surplus end of period
——
Loss-on sale. j>t
V
^
*
1
"Preliminary.-
■
-
•
*y
285,715
4,700
r l 1
-
~ 1 r
100,000
976,013
1,550,763
101,604
j
I II 1 I
..
I"
$840,038
$740,734
1
.13,386
•
.1
to operate a com¬
of passengers, mail
find cargo among various cities.
The company will service the cities
of Quito, Guayaquil, Esmeraldas, Bahia, Manta, Salinas, Loja, Cuenca,
Riobamba, Machala, Puerto Bolivar, Ambato, Latacunga, Ibarra, Tulcan, Duale, Babahoyo, Vinces and Quevedo.
^
Net
from
Net
ry.
—V.
railway
oper.
163,
p.
1945
$404,772
59,633
39,636
1946
$442,243
114,032
railway
—
77,265
income
781.
•
.
24,158,000
Feb. 23/ 1946,
kwh. for the
decrease of 17.3# .-7V. 163, p. 1029.
.
1943
/■$437,301
124,301
81,784
Corp.—Meeting Postponed—
i
March 20 on the
company's proposed plan of recapitalization. ./The vote was postponed
tb that date because the preferred stock of tire proper record date at
the Feb. 25 meeting was insufficient, to thfci'fextent of about 13,500
stockholders
The
will
vote
at
a
special meeting
No'difficulty is'-anticipated in obtaining
for the
March meeting.
Company
substantial majority of common stock at the Feb. 25
shares, or 6%, for a quorum.
the
necessary
preferred
W; Moffett has
subsidiary,
In
port
votes
spokesmen said a
session favored the plan.—V. 163, p. 654,
their
to
G.
.
Gross
1945
$6,453,214
from
ry.
railway_^__
1,387,468
income___
643,288
640,449
"276,810
1,676,036
679,558
railway
oper.
"Deficit.—V. 163, ,pu:654.
'
The
company
was
announced
on
Feb.
■
1943
$6,876,298
2,172,079
..
983,492
.
.
v
of a 4,500-barrel-per-day
Dorado, Ark., for the manufacture of
and other petroleum products, it
oils,
19.—V,
163, p.
654.
'
'
"
positions,
new
both
Spackman,
D.
Co.—V,. 163,
Moffett
Mr.
Vice
President
and
in
Mr.
charge
906. \
p.
,
Curtiss will re-'
of operations of
'
cents;
11
INCOME ACCOUNT, YEARS ENDED
'
"
•
'
1
'
:
'
JUNE 30
.1944
1945
■-
Profit after proV/tor depredatidhi
Prov. for Federal income and excess
*
possible,
as
-
!
/
/
Athens,
stock
If
,«J
;ir
/
;
Shares of
Earnings
;
stock
(no par).
share..—
.w
post-war refund of
$35,000'in
1943.
excess
-31,330
•<*.*■' $4,63
profits tax
^'
-//••V,/-
'1943
such
($5 par)
$221,754
2,098
^
93,990
'J' 93.990
/■
$125,666
31,330
$7.01of $65,000 in 1944 and
$160,196
31,330
$8.11
y
■
.>.
BALANCE SHEET, JUNE 30, 1945
advance
payment
received
on
sales
contract,
Cr$150,000;
$79,219; in¬
vestments in capital stock of wholly-owned subsidiary companies, $6,000 cash surrender value of insurance on life of an officer, $7,397;
land buildings,
machinery and equipment, $1,733,080; patents and
goodwill,
$J;
deferred- charges, $27,059;. total, $4,412,015.... t-J '-■»
trade
*
,
Offered—As
men¬
made Feb. 21 by a bank¬
was
being sold for
O
,-
«
v
•
effect to present financing:
stock
Outstanding
5,000 shs.
5,000 shs.
,.*300,000 shs. •224,2244'a shs.
reserved for Issuance upon the exercise
shares
the treasury,
,
consisted of 5,000 shares
capitalization
(par
14,
share
RESULTS FROM
*
,
1943
Net sales, inc. rent. Inc.
of
•5
OPERATIONS
—Years ended Aug. 31—
\
<
'
>
3 Mos. End.
1945
1944
*
Nov
$3,293,256
$3,340,961
$3,637,535
.1,742,791
sales
Sell., adm. &
1,752,207
1,910,158
1,153,072
exp.
gen.
Operating profit
1,236,994;
397,393
Income, net,—^
Total
'45
30
8886,629
'
485.585
!^J5^5g^|i|33a695
351,760,; -,v<412»104jyiib:
;
3,870
,
income
Federal
72,349
b^2,933
.HJOftyj-itrsi 9,157^t».-
excess
$401,263
income
Federal
'0/.
tax
Divs.
on
pfd.
Divs.
on
com.
1569,416
$363,468/'hi $421,881 xs
36,827
277,500
22,200
13,600
7,500
i:^tl,500 .CDI
40,500
272,700
prof.- tax
■/
»; /;-y/v
Net Income
238,500
,
—T
$91,736
$84,468 *
stock
29,984
30,000
30,000
stk.
20,101
23,135 !
23,134
j/U; •Debit.
HISTORY Si BUSINESS—Company was Incorporated In Ohio in 1906
McBee Binder Co. Name changed to McBee Co. in 1932. Company
wholly owned Canadian subsidiary McBee Binder Co., Ltd., are
now
engaged in the manufacture and marketing by sale or lease of
special office equipment and machines, filing and housing equipment
for
accounting
all
of
due
which
record
subseauent
to
.
June
30,
1946,
,
$1,106,350; accrued payroll,
taxes, commissions, and sundry expenses, $300,370; payroll and other
taxes withheld, $51,090; employees' war bond payroll deductions, $9,067; provision for Federal taxes on income, $164,750; reserve for de¬
preciation of buildings^ machinery and equipment, $934,029; reserve for
contingencies, $150,000/comrhon.stock (31,330 shares no par), $834,201; surplus $862J"9; total, $4,412,015.—V. 162. p. 3 771.
forms
and
used
are
in
records,
the
and
fields
of
specialized
accounting,
keeping. The products of the
printed products,
statistics and genr
marketed t>y its
are
company
own
sales organization. It does not distribute
any
of its products
through dealers, except in countries outside the United States.'
Originally the company manufactured and market only the McBee
binding machine and supplies used in connection therewith. At the
time
its
or
in
advance
introduction,
this
machine
represented
important
an
the
method of preserving records and
keeping«,them avail¬
reference. It enables the user to bind records in sturdy
volumes quickly and
economically in his own office. A policy of placing
for ready
able
these
binding machines with large corporations on a type of lease
arrangement was inaugurated with the result that the machines have
created a steady flow of business in the supplies used in the binding
operation.
out
in
this
arrangements
and
replace
ordinary usage,
notice.
Over
and
of
2,500
provide
parts
in
a
most
since
the
primarily
fees
and
and
1945
were
short
of
the
to create a volume
rentals for tfre fiscal
$5,326, $5,966
originally introduced
were
time
their
major
the
use
in
in
the
and
or
on
the
in
now
service
machines
either party
fees
hands
received
relies
company
worn
reason¬
of
from
upon
the
supply business. The total
ended August 31, 1943,
years
and
became
railroads
of
will
company
drills)
these machine are
considered the rents
source
such
that
(except
terminable by
are
Company has never
as
being significant,
users.
of
Such
machines
the
and
(quoted
receivable
•
changed into 10 shares of $5
*410,000
banks and on hand, $50,593; marketable securities
market value, $256,161), $188,983; note receivable
(trade), $31,688; accts, receivable (trade), $542,401; misc. accts. receiv¬
able, $3,138; refundable Fed. excess profits tax, $91,640; lnventorfes,
cost
it is not always
1945, the authorized capital stock was increased,
of
issued
$50
par
value common stock was
par value common stock, resulting in the
capitalization shown above,
v
each
and
machines
'i :
ASSETS—Cash in
—at
cents,
12
Ohio—Stock
authorized
1945
stockholders Dec.
1944
93,990
$51,337
stock
on
March
$100), all of which were outstanding, and
20,000 shares of common stock (par $50), of which 15,422 shares were
outstanding and 57 shares held in treasury. Pursuant to action of the
$631,754
$254,186
/ $145,327
.t.Ai
common
per
follows:
as
York Trust Co., New York and Cleveland
Cleveland, O. Registrars, Guaranty Trust Co., of New York
first preferred
$937,186
>•
/ti Surplus
"Less
common
'
share
ppr
March 20 next, to
on
were
New
agents,
Nov. 30,
machines
Net profit——_i———_
Dividends paid,
Inc.—9-Cent
cents
issue of Feb, 25 offering of 98,000 shares
our
Exclusive of 50,000
At
683,000
$295,327
Dividends paid, preferred stock
'
20,
reasons
warrants and 577 shares held In
of
of
CM-
Sept.
1945
preferred stock (par $100)—
stock (par. $5)
—
,
Magor Car Corp.—Annual Report—'«
.
LIABILITIES—Accounts payable (trade),
v
..
will-soon start construction
Catalytic cracking tuMt-i at El
high-octane gasoline^furnace
.
,
Lion Oil Co.—To Build New Unit—
.<•
J
1944
$7,425,836
from
Net
Net
a;
1946
$5,618,797
Co.,
1st
able
notes
Lehigh Valley RR.—Earnings—
January—
Co.
Lukens Steel
$1,800,818;
„
to
Steel
Lukens
,
^
Lehigh Valley Coal
Personnel—
resigned as President of By-Products Steel Corp.,
become General Manager-fabrication of Lukens Steel
Co., and C. L. Huston, Jr., has resigned as President of Lukenweld,
Inc., another subsidiary, to become executive assistant to the Presi¬
dent of Lukens Steel Co.
Robert W. Wolcott, President of Lukens,
also has been elected President as well as Chairman of the board of
both By-Products and Lukenweld.
Lester M. Curtiss, who has been
General Superintendent of Lukens, has been appointed General Man¬
ager-steel plants (open hearth, plate mills, and supporting shops) of
R.
a
Fund,
of19
Authorized
6%
eral
Steel Co.—Changes in
profit taxes.—150,000
1944
$483,912
155,077
90,688
; ;
and its
corresponding week last year, a
Lehigh & New England RR.—Earnings—
from
Payments in
Common
' 1
output of this company for the Week ended
kwh,, as compared with 29,225,000
Electric
totaled
commencement of
acquire all.,
balance* of
parts and maintenance equip¬
the corporation was granted a concession
airline in Ecuador for the transportation
January—
Trust
as
for
mercial
Gross
Transfer
-
„
Weekly Output—
;
proceeds will be used for spare
ment and the remainder will be added to working capital.
The
company
was organized
in Delaware in April, 1945.
Under
a decree of
the President of the Republic of Ecuador, dated July 14,
1945,
the
of
common
$3,581,804
cumul.
Divs/ on
operations.
The company proposes, so far as possible, to
needed equipment from U. S. Government surplus.
The
the
payment
company.
The balance of 28,00Qvshares is
the account of certain stockholders.
■«
/
—v-
$3,657,925
w—^—--—u-w----v-curiiul. pfd, stock (par $100)^^..*
Inc.—Registers With SEC—
personnel
the
v
com-£ :>
After >
in
ing group headed by Burr & Co., Inc., and associates.
The stock was priced at $7.50 per share. > Of the total
number of shares offered, 70,000 are being sold by the
Cost
$2,772,631
809,173
$2,802,489
—
surplus beginning of period__^_-—i.-- ;
received on deposit in closed bank—
Total surplus
filed with the Securities and Exchange Com¬
mission a prospectus covering 99,166 shares of common stock (par $1).
The stock is expected to be offered publicly later by Willis E. Burnside & Co.
■.
ii-'' :?
/'i:the sale of the common shares will be used
for
Proceeds
from
and
28.
20.
Co.,
common
Other
has
equipment
of
.
Lukens
of
McBee
tioned in
$3,990,565
445,460
$4,095,189
363,336
,
acquisition
Feb.
•
■
Y^, (Jay M. Fetters, former Export Sales Manager, has been named Man¬
lier of Foreign Development.
" "
.
~
A. D. Dennis, Secretary-Treasurer, on Feb. 19, stated:
/.-Vy-'V','.'
"The strike in the company's plant which has been going on since
Nov. 16. 1945, was terminated on Feb. 15.
Maintenance men are now
preparing the plant for operations and production on a two-shift, 48hour week basis will be resumed as rapidly as possible.?/ A substantial 1
amount of steel is on hand and it is believed that shortage of mate¬
rials will not be a serious problem."
j
"
:
The regular quarterly dividend of 20 cents per share on the com¬
mon
stock has been declared, payable March 30, 1946, to holders of
record March 19, 1946.—V. 162, p. 2273.
the
payable
of
direc-
of
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
position
of
^
and
tures
*1945
^ 1944 V
$20,236,939 $20,122,723
8,260,718 , 7.662,165
:
1,388,313 ; 1,097,585
1,833,000
1,833,000
of contractual capital expend!limited-term investments——38,486
Amortization
Second
dividend
a
NOTE—For mechanical
order.
^
Vice-President and General
effective March l;v;
He recently
of Tyson Bearing
Corju ibf Mw#illon, Ohio, which became..^effective on /Feb, 28, .1946.
,S. L. Myera, who was Vice-President and General Sales Manager, •
has been elected Vice-President and Export Sales'Manager/
company
and
common
Subs.)^-Earns.
(&
31—
12 Months Ended Dec.
Operating
Dividend
and a director of this company,
tendered his resignation as President
The
declared
CAPITALIZATION—Giving
Manager
'A' Latin American Airways,
dividend,
a&d Central National Bank of Cleveland, O.
Oalvin has been elected Executive
R.
value
par
board
72,000
120 .'4/•:
-v
•,
dividends-^—~
dividends———,
common
B
Balance surplus
La^laht-Choate Mfg. Co., Inc.—New Officials, etc,:/
Sales
the
and Dec. 24. 15
plus a special of 20 cents from capital gains.—V. 163, p.-1030.:
39,909
5,975.
^ -
tax accruals-—-—
prior years'
A
par) $33,671,163, p. 1029. .g
1
10%
a
the
of
payable from investment income
June
-,fpossible
\
-
(
.
Total—-
v
•
shares
I
have
record
t
;
Co._-.___^_!—162,920
Class
CONSOLIDATED BALANCE
$46,000; common stock (1,836,589 shares no
earned surplus, $19,269,787; total, $83,095,023.—V.
.
$1,188,072" $1,22^162
period--—; -1,269,119
1,061,815
surplus beginning of
sale of investments: in Madison Light.
of
cents;
12
cents,
-
——
on
Class
1943, $5,170,000
(par $100),
two
•
1944
b
expenses.^-,—58,4^1
3,125
Income taxes
r—**
.
\ 80,000
—
Adjustment of
„
,>
20,
$1,329,609? $1,339,047
——1
income
Power
&
-v
.
administrative
and
Balance
SHEET, DEC. 29, 1945 ' ' /
>
'
ASSETS—Cash on band and demand deposits, $19,737,033; notes and
accounts receivable, less allowance for losses, $2,946,536; inventories
of merchandise, at lower cost or market, $42,867,852; store and gen¬
eral supplies, $883,902; .prepaid insurance, rent and taxes, $413,540;;,
stocks, bonds, mortgage notes, etc., less allowance for losses, $94,541;
investment
in
subsidiary insurance company not consolidated, at
cost, $995,500; land, $1,188,919; buildings, machinery and equipment
and
automotive equipment,
etc., at cost
(after allowance for de¬
preciation
and obsolescence of $23,552,693), $13,355,216;
deferred
charges to .future operations, $611,984; total, $83,095,023.
■'/■"/■
LIABILITIES—Ac'counts
payable,
$11,530,972;
accrued expenses,
$4,284,481; provision for Federal taxes, current and prior years, $11,684,319; dividends payable, $13,430; reserves for contingencies, $2,000,600; reserve for risks not" .'covered by insurance policies, $544,299; 6%
first .preferred stock (par $100), $50,000 ;
7% second preferred stock
'
.
and
$220,653
■
(other'than income taxes«
Provision for
17,305,791 ,15,840/814
...
$2.80. .
$2.72
$7,573,000; 1944, $7,-
19,269,787
share—J
$3.07
earned surplus ———^-
Balance,
the
of
^Investors
,
directors
the capital stock
.
revenues
General
3,024
eno'?™
3,673,178
3,024
3'?2®
3,024 /,/•.,
3.220
pfd. stock.—
first
on
Dividends on 2nd pfd. stock
The
holders
v
Miscellaneous:- credits,
Dividends
Approved
^
stockholders,
meeting of
declaration of
split-up
78,690
>
Louisville Gas & Electric Co. (Del.)— Earnings—,
Taxes
15,840,814 14,511,008
17,305,791
Shares
March 4 to holders of record as oi thai date.
on
two-for-one
Dividend—
/
5,009,228
5,144,399
5,643,418
.
Tl^US Sed ^ius7—Z——
stock for
their
the
47.714
11,262
66,827
163, p. 654.
Profit
:
426,600
—
—
operating income—$154,663
raftway
Net
12,440,787
289,559
7,142,000
14,827,801
221,402
9,462,000
: Cr369,539
10,002,408
-
of
.'?/!
:
of
..■-■rjrh
the
at
special
the
Massachusetts
$1,742,985
958,067
rents (ne.t)_-«-w*.—i—-t—-ja 52,539
Joint facility rents (netj_—
;___!._T^—6.833
—V.
nllsle "IsO.'lM "IS. MO '
15,276,287
income
1945
- ;
Equipment
Total
Total
director
-
52,000
—
Otlfbr railway tax accruals.,
{2
interest Daid
1946
expenses
taxes
income
Federal
382,626,365 376,272,134 355,084,173
sSSarrci^anyi::: ' "
and
stobk( dividend, there will be 880,000 shares of $6.25 par value
stock outstanding.—V. 163, p. 907.
»
t *".•'.I• ♦.
$1,061,746
728,884
revenues!
operating
operating
Railway
457,332,640 448,381,416 422,427,610
C°transpo^mtion^expensesU_1!__—-
exchange
.^ock
the
Month of January—
past
1937.—
.
Dec. 29, '45 Dec. 30,
.
: Net sales
President
.
Co.—Earrings—
& Baking
Kroger Grocery
,
i
,
stockholders
announced
mon
Louisiana & Arkansas Ry* Co.—Earnings—
the company for the
of Vice President since
office
the
Vice
a
share.
per
Following
(G. R.) Kinney Co.,
C
to
entitled
781.
p.
and
York,
Corp.—Split-Up
common
...$6.25
$4,953,051
$5,322,193
;
State'
special meeting held on Feb. 21 ^
approved the increase in the number of shares from 400,000 to 1,300,^!v i
OCT) and a two-for-one split-up of the common st^jfc,
As a result of
this action, holders of common stock of the par value of $12.50 are
The
tors
.■
•
New
of
the
Noyes Co., Inc.,. real estate./,/--j-
'
$547,265
Net
•
,
F.
Society of
Apparaisal
10% Stock Dividend Declared—,
345,716 ;:;;4/'373,;143;::
3,705,363
3,838,725
6,046,083
6,334,000
.•
is
Board
the
of
re-elected to the post in January this
of the Board of Governors of the Real
1944,
,
$15,419,355 $15,498,920
:
Depreciation, depletion and amortization______
•Provisions for Federal income taxes-.,
—
\
653.
163, p.
Z
Income
Gross
Interest 'charges
77
4,/ r
$423,522
—1—
operating income—
railwav
Net
—V.
r-.
facility
*
President
having been
also a member
He
year.
$15.,213,857 $15,331,682
205,498
/167,237
Operating income
years,
is
York,
/ Charles
/ vfc
many
a
-!
New
Estate
.
1945
•
.
Other income credits
'
$192 259
$?08 637
operating income
rents (net)——,——~———
rants (net)--^-——
—
Railway
Equipment
of
purchased, »oper.
'
'Joint
.
for
prominent figure in New York City real
has been elected a member of the beard of
Crawford,
Crawford
Mr.
revenuesJi^iii.-^i/!i/:^V-i---—$29,270,371 $29,223,764
exp., maintf and taxe$j.i
14,056,514 13,892,082
operating
Gross
$1'™n'nnn
railway operations———
Federal income taxes-.. -—
Other railway tax accruals.—
-——-—from
revenue
estate
J.
directors.
<
'
Jro 931
«o
Gas
Net
Edward
:.'][:),0}y-
'•-/■'■'.••Lone Star Gas Co.' (& Subs.)—Earnings—
V
Manhattan Life Insurance Co.—New Director—
:
_
revenues^.-—*2.250,931.
expenses--—^-T—z.ujq.qi*
operating
Railway
j.
of, 62Vs
dividend
A
.V V/.
;
1
■ v
centF'per share has been declared on the no par
value common stock, payable March 29 to holders of record March 11.
In 1945, the company paid four quarterly dividends of 37 Va cents each,
plus a year-end dividend of 75 cents per; share ;on< Dec. 21.—-V.163,
common
1318.
p.
$287,792;
income,
on
$750,000;
$100),
.■
Cement Corp.—62^-Cent Dividend—
Lone Star
6% Cumulative preferred stock (par
stock (7,447 shares no par value)* nil; sur¬
plus (earned since date of reorganization, March 1, 1935, $856,599,
after- deficit at 'such date of $97,455)/ $759,144;
total, $2,054,052.—
taxes
state
Monday, March 4, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
$6,457
railroad
standard
United
respectiveiy>. Such
accounting
practice
on
offices,
the part
Their
States.
use
has
extended to many other large commercial enterprises, and various
governmental agencies and departments.
/
<
Although these binding machine operations still provide the com¬
pany with a substantial volume of business, they now constitute only
a
minor
portion of the company's total production. Other major
now
-
.
products have been added and the present production of the company
widely diversified.
,•
is
PURPOSE—Company intends to apply the net proceeds to be re¬
ceived by it from the sale of the shares of common
stock to the
acquisition of additional plant facilities and to the procurement of
additional manufacturing equipment. The management estimates that
minimum of 40,000 additional square feet of floor space is required
additional production facilities, and that additional manufacturing
equipment Is necessary, in order to meet current and anticipated de¬
mands for its products.
v
!■ •"
a
for
.
WARRANTS—Company
warrants
for
warrants
the
has
purchase of
authorized
the
issuance
of
registered
may
50,000 shares of common- stock. Such
be exercised, in whole or in part, at $8.50 per share
of common stock at any time up to and including Feb., 10, 1948 and
thereafter at the price of $9.50 per share of common stock at any
time
up
Such
to and including Feb.
16,
1950.
,t
,
warants
are
being purchased for investment by the under¬
by certain key personnel of the company and may bq
transferred by such underwriters only to partners or to officers, di¬
rectors
or
stockholders of the underwriters, and members of theii;
imediate families, and their heirs and legatees, and such warrants
writers
may
and
be transferred
by
such
key
personnel
only
to
members
of
the
virv*vwpywttu!&x\
m^tto&mitatst
Volume 163
Number 4469*
Immediate families
all
of
whom
of
such
to
agree
take
key personnel, and their heirs and legatees,,
such
UNDERWRITERS—The
spective
number
of
purchased by each
:
/
the
of
/
■
stock
and
Monitor
■»
the
Company
Co., Inc
y
Stroud & Co., Inc.—
-r,1
Warrants to be
i,;
Co.,
.
7,855 '
\
-v
'
4,000 :,
,
'
;'.
'
8,575
—„
y ••/"-. 8,575''
,'••/
1,140
Inc.
Company
3,425
19,645
10,000-
Dempsey & Co.
Hirsclv &,
A, M. Kidder & Co._
M. • M. - Freeman
&
,
Stockholders
./-
'
V
3,425-
1,560
2,860
v
Co.____
2,860
975
1,430
Granting
650
machines
-
McCampbell
& Co.,.
lnc.~Earniiigs--^
Years Ended—
.*-V
income_„_.i„_:.
Oper. ex p., int., dcprec.
Dec. 31,'45
$2,193,687
Total
and Federal
Net
y
tax——_
profit
'
•"
1,947,154 /
SALEiS
£>,1
yardage
Total
___
charges
unfilled orders at year-
end, -^*.1
$173,135,:
$221,381
•
-
v
..
receivable, less
tax
12,194,171
Incorporation
•.
15,626,533
(new),
payable
accrued
interest, $1,462; Federal
$200,000; capital stock ($100
par),
to
mills
and
-
'
•
V
«.
jot ..record/March
6.
Quarterly distributions
fe-The usual
quarterly
dividend
of
35
INCOME
each
stock
were
distributed
of..
Feb.
{
1
*
>je
Gross
; -
Other
on
.
New
profit
normal,
excess
official
notice
1945
of
Oper.
exp.
and
$1,466,720
1,032,696
deprec.
--1
Net
avail.
lot
1
finari-
■■■
32,017'
1
■1
"
■
A',;.'
.
.-
»■
■
<
Dividends
and
tax
surtax_^y
^34,024
$306,183
on
1946,'tjii'
R.rrr-V.
The
,1§2,000
163,01>a,ra)2.
'■
on
also
.
the
adjustment
00
QOil.m
v.
" •'
■
#
,
$2,110,453
i—
Miscellaneous,
i
Hundreds
of
$6.19
at
770,000
in
processes
every
other
Co.—New Develop¬
The new
which
Term
will
accounts
control
in
Mr. Morley, will extend the
instrumentation can be put,
receivable
(net)...—
and
speedier
,
'
tronic
Instruments
to
indebtedness due within
Reserve
for
new
Paid-in
p.
Minneapolis StA Paul
January—
.
Gross from
Net
;;
output
—V.
163,
i'l.
available
for
record
March
1.
rallway_y•
'1946
$1,923,609
income„_^.y.___w___y_
p.
782. :v;
*18 733
Mississippi Power
v
i'. %
elected
Co.—Earnings—
1946
27.'
1945
i
■
$5,943,403
of
Federal
■
depieciation-__^^L,.„1.-J._i.w»-___-
plant
acquisition
income
taxes_!.^____«^y
y
Amortization
of
premium
on
582,137
: 320,593
-145,240
'*•/*
Cr4,298
:
.
/
Cr4,336
$745,726
$661,963'
120,594
163,
p.
237,673
$424,290
782.
directors
on,
Feb
-26
authorized
the
payment
on>•
April
•
of*
1
*
Of
the
interest
■','*'
j
5% on-the
autstonding.-adjustment mortgage -bonds*
ior the. period'ended June: 30f 1938.—V.
163y;p; 782;( y
1 ;* ''jv.r f ■ n >t*' -yyi't *.
*•- yy: y'v • t **.*■■
like
Chief
dividend
a
$5,
par
amount
of
...
,v:..
fr.
x-ft ft -!.
the
;
assistant
„tjo
(Inc.)—To
•
*yr
A
;
Purchase
■
Leased
■
Corporation,
Feb.
12.
the
and
value
the
fair
The
built
•
of
The
$139,000.
of
,The
'
with
and
will
be
value
sales
plant,
-
buildings
cost
'
building,
plant
fair
the
ago
and
actual
an
$387,537.
years
land
are
estimated
with
value
at
main
18
sale
an
equipment
estimated
announced
"
in
$241,863
of
of
with
price
floor
a
and
used
for
of
area
rehabilitated
in
and
and
estimated
return,
which is
equipment,
62,000
'
1
■■■
v
feet,
square
manufacture
cents
March
paid
per
to
hold¬
27,
June
29
March
on
659^
National Ice
share
^
of
all
Kelvinator
yy:
>'•
in
charge
:*;y*,f
of
the
secure
Feb.
on
States
which
-1--:*x.,v
it
t
v
■
51
1
y,A'.-y ■y^/'.,v.r':y-' %:y:'*.::
of
';
"y
Storage Co.—Plans Financing—4
bends
mortgage
from
the
past
10
amounting
by
147. p.
by
it
has
$136,887
The
shaves
425.
non-residents
years
to
trustees.,-
hank
interest.—V.
held
are
the
over
coupons,
the
to
loan
y'v.yy y
.Report-r-George W. Mason, President, states:
that
the
on
holds
these
of
and
payments
$100,000 paid
been:
engineering,/
announced
-y
-
company
tax
Division," has
President
was
types
has applied to the California Railroad Commission
for
authority to deliver to Anglo-California National Bank of San
Farancisco $2,700,COO five-year 3%%
notes to pay off its $2,694,569
outstanding first mortgage 6% bonds. The company states that more
The
/
,
Cold
&
,
:,v:''
'
'
1944-45.
the
■
cost
machinery
an
a' 100%
represents
machinery
actual
an
$248,537
$463,392
y'
batteries.—v. 141, p. 759.
.-^//yyV/:: ■.*/:
United
corporation
annually,
decreased
to
year
ended
adjustment
of
the
income
to
company* proposes
various companies
in
in
t:y
.
of
made
addition
to
Offered—An
underwriting group headed by Laird, Bissell & Meeds on
Feb. 26 offered 123,460 shares of capital stock (par
$1),
at $16 per share.
The sale will mark the first distribu¬
cut, back
Production,
dollar
which
volume
an.annual
rate
at
rate
of
of
tion to the public of the
corporation's stock. The shares
being sold for the account of a group of selling stock¬
holders, most members of which were relatives of the
late Emanual Gerli, founder of the nationally known
silk firm of E. Gerli & Co., Inc. With the public sale of
$133,-
to nothing
in August.^,
this
are
downward-(ti'end,
same
.
previous
Net
year.
for
was
not
profPs
$1,245,000
sales
1944.
is
and
for
.
the
the
year
were
;•.>;
wholly
-y
attributable
burden
of
initial
v.-r
year
of,
recovery.*
Co.
.:'~;y/.'-y*.//"'yy
<:■
-
V *'
------- .
—
:■
****"
'
*'
T1""*
"
i
')
•
fPa;),
Co., Inc.
war
•
*:;'yyy
,
y/
BUSINESS—Company
AND
the
under
1936,
New
solidated* were
.
,
16,
of
name
V-
,
organized
was
National
Fabrics
in
Delaware
Corp.
bring
to
together into one company the assets of certain silk manufacturing,
companies previously acquired by E. Ger'i and Co., Inc., in connection
with its-business as a dealer in raw silk.
The companies thus- corf-,
war
.
'
HISTORY
reconversion.
tax
;
'
March
comparably because of the carry-back
Act/which permits a certain equalizing
Under this provision a prior
included" in: current net profit.
V_;
pany.
■
contract-
war
decreased
taxel
was
to
Gerli familv will own in the ag¬
gregate about 37% of the outstanding stock of the com¬
$183,050,533
iy1;.;\yy
production, every effort was made to
goods at "the lowest" possible prices to the Government;
and in all" cases delivered
prices were substantially less than original
contract prices: ' Because "the
Corporation:/placed'pfofit^ in a position'
/
' -,
* '-.
'
/ /|. -.1
*, y "i-.
■*. >*■ *.i-'
1 "'••(.'..■
(
the 123,460 shares, the
1945, the corporation's net profit
$2,492,639, as compared with $3,065,290
The
as
•
a
»
company
"
Silk
Falls,
started
R.
I,,
of
Co,
'
•
•
manufacturer
Central
Bedford
National Weaving
(Va.)i
-
Mills,
(R.
("Mass.),
Inc.
I.), "and
'A
Allentown
Ruena Vista
Silk
Throwmg
.,04—'
-
bv -continuing the 'busmesii of its predecessors
piece goods and rtbbonS,: .with .pl^n^s • -at
silk
Lebanon
*..v
and
-4
Allentowny: Pay and
»•
•
"•
,
'■
'
w
National Mallinson Fabrics Corp.—Stock
Sept. 30,
was
•
the late Presideht, "sincer
"
Co.
1
thnny$1,400,000
the
of
y
fiscal
profit
deliver
*
.
as
•
fair
cbnts* per' share
12V2
payable
was
;-/y-y y;-./;
:y
Ry^-N®w Bresi^
^11?^
:
*td ,f
656.
p.
H
Included
*
Engineer,
Throughtout the period of
represent tohe^' full-'
at
company
v ■'•**
stock,
y The
decrease in profits
cutbacks
and
cancellation
of
J-
year's
voted
A
provision'of^ the'Revenue
President, effective March l.
:v-"
Morfa, Chairman -cf- the Board, said the coupons bear
datesApril 1, .1938, and Oct.. 1/ 1938,
respectively* *snd
R."'
.
ylf/tacm
15,718,637
/
July, and tapered off virtually
income naturally followed
excess
the
to
»a"
■
'
.'
729,800
750,391
dividend of 25
a
gross
tax
the
Net
two.coupons:.on .the adjustment- mortgage
bonds;^They" also approved'
the appointment of L. M.
Stuart, of Denison, Texas, to be'Assistant
"
21
4.
President
againjst $274,436,333
The
y
The
yy■
For
for
Missouri-Kansas-Texas RR.—Interest "Authorized— y;'
Of
While
after
•
>
'
.
.
served
Carbon
.
1
the year.closed on a note of
high expectancy for the future.
As it
ended,
the
plants of the corporation
were
being made
ready for
peacetime production and some feeder and
assembly lines were already;
moving, y'-,/ .y.'--y \y.; ■
Cr27,124
'
-V.
March
in
:
stock-
>
f'S'
}t
1
> 1,1
1v ♦ i' rf
'41 11 ' "f" f*,i
\b-,
'l.;v
dry battery plant operated by this company at Charlotte, N.
C,;
will
be sold to the lessee for
$38/,537, subject to the orioritv. right
of
Federal
Government
agencies,
the
War
Assets
Corporation,
a
subsidiary
of
the
Reconstruction
Finance
''•■/ :*
Feb.
on
000.000
$625,132
preferred
total,,.*$78,99?,L46.
.<
•
i
1
*
.y/:;
$265,000,000
y
on
Balance
>
1,729 800
sharply and was finally terminated abruptly.
the beginning of the year was
running at the
■
Dividends
'
659.
p.
.
S'^Hn'ckwordii^Has*5 beetf. hhmbd'rPr^Sidcnt, ahA
^itz^i^jtf Hall,; :yy^ :.yy y '
'
around
Crl2,884
$20,546,596;
-
,
277,251
274,877
debt.y
warrqj>tv;
Plant—
payable March 12 to holders of
This compares with.65 cents
paid on Dec. 12, last,
June 15. or a total of $1 per share in the
year 1945,-r-
$907,753
$1,003,420
fi"e-vear
,
-405,766-
673,515
reconversion
$820,154;; notes
000.000
stock,
common
y.' _'
Annual
business,
838,000
Tne
1945 fiscal year, which saw the end of the
war
and
the
resumption, of .peacetime activity, was one of
uncertainty and sudden
change.
Military production
first
tapered off,
then
was
582,598"
•
1,453,406
i Gross income
Interest on long-term debt___
•
3,144,555
419,417
adjustments™^.
taxes
'
for
reserves
9,000 ,000
on
Feb; 21' declai'ed
Philipp,
Vice
$1,158,381;
re-establishment of civilian
banks. $14,000,000; reserve for
National
'
Kelvinatgr Division, George W. Mason,
2,421,986
for
Amortiz.
L;-A.
-
.
2,000 000
.'
Sept. 28 and Dee. 28, last
yearly,;.163,: P;
Dr.
,
Provision
on
value
New Vice-President—
*445,169
(estimated),
and
to
163,
•
of
outstanding capital
record
cost-plus-fixed-fee
subsidiaries, $6,583;contracts" (terminated)
485,704 ♦
ifV.
i">* $6,116,983»
"General
of
ers
29.
608,714
*45,931
I'/
p-M * V.!'' V/*
(
1944
:
64,101
directors
the
$2,308,512
$1,777,549:
-''yyy..V:
i
The
unconsolidated
62,133
and conting._j._—
.A—
•
,
from
1,750 ,391
--'
on
balance- of
664,852
'
.yyv 12 Months;Elided* Jan..:31—yy ^iysy:,/viy;.*:
;
or
on
-Earns^
RR,
1945
150.913
oper.
delivery
V* 162, p. 2646.
:
state
income
on
.
on
and 35 cents on
' 1
securities,
58 059
$37,571,699 $36,573,242
$10 par
1945
923 444
current)—
i—
The directors
the
fees- oh
• Mr. Hackwor'th? fiM
October, 1939.—V, 163,
;
10j,879
Nash-Kelvinator Corp.—Declares 12 V2-Cent Dividend
& ISault Ste; Marie
.'-.A?;.y'/yfylyy;•.K
.
^Deficit.—V. 163,
y
be
521,297
Muskogee Co.—Declares 25-Cent Dividend—
on
30,
■
and
and
elec¬
new
SEPT.
ceed,thc,hite
907.
p.
SHEET
$10,987,553;," United States Government
interest
(after/deducting unexpended
;Na$IiViIIev Chattanooga & St; Louis
year
(not
Totaiyy/.—
y
from
Net ry.
•
will
782.
•1
$1, 6n5,541
404, 115 1'
2,145,804
accrued
costs
plants
^ "W*;"
$1,887 608
surplus
surplus*
;
i
v
include
company
one
plus
payable
y—V,
uses
eliminate
developments
137,879
;
3,828,755
2,145,799
of
17,010 ,986
postwar adjusts,
:
The
260,242;
2,145,794-
'
frigerators, $1,642,581; reserve for operating
requirements, $9,121; for
contingencies. $1,000,000; - capital, stock (par $5),
$21.455»5fr'hr<r/.total
surplus,
$6,438,441; earned
surplus,
825,400
103, 879
2,700 418
...
lags In manufacturing and processing
heretofore caused by waits for
temperature changes and ■ other physical
problems. Manufacturing
processes once subject
to interruptions can
be
continuous, a'ccording to Mr. Morley. >
,<
■
The new
instruments, parts and accessories, it was said, will in¬
clude numerous available
variations tailored to a
specific industry or
process.
384,331
.
4.%% preferred stock (par $100)—.
Cominon stock; (480,500 shares, no par)
now
about April 1.—V.
163,
of
f
11 792,788
.
cost
taxes
166,500
12 476,124
tax..
collected^—
Mortgages and instalment notes
particu.arly
obtaining higher qualitv control. Economies
will also result* it was
added.
/'•:
The deve.opments announced
by Brown
i;, 3,065,2904,115,551
reconversion
,
1944
.291,031
profits
excess
preferred stock._u-_
on
-Earned
developments, according to
electronic
2,492,639
2,145,793
$10,126,053; inventories, $5,938,609; refunds of Federal
excess
profits v
taxes of
prior-years
(estimated),., $1,871,499; investments and other -'
assets, $4,313,223;
land, $1,472,033; buildings, equipment,
and
dies(afterpreserves for depreciation -of
;$11,990,172), $12,351,039; cash
and
securities appropriated
for
plant expansion, $7,500,000; patents
and good
will, $2; prepaid taxes, insurance,
advertising, and other ex¬
penses,
$526,463; total,. $78,997,146. y.-;y
y;y;y.V:..y'y:
LIABILITIES—Notes payable to banks
(current), $2,000,000; accounts
payable, .$9,480,096;
accrued
expenses," $446,226; Federal and
$37,571,699 $36,573,242
Dividend
'
to
1,905,000
plants. ;tlncludes $750,000
automotive and-.refrigerator
inventories; $40,835 for
paidy.$150,000 for provision for
postAwar reconversion of.
unbilled
$9 ,790,220
11,912,967
—
Federal
etc..y_^.^_J—
Taxes; withheldor
the
field
$5,310,000
Cr478,347
$6,133,168; accounts receivable
?
t
-
Accrued, liabilities /
industrial
practically
1,680,000
amounts
appropriated for plant, expansion; included with
property,
plant, and equipment
$7,500.000),:$17,673,508; United States War Sav¬
ings Bonds for sale to employees; $97,408;
accounts-receivable, including billings on cost-plus-fixed-fee contracts iafter,
reserve of $41,250)
$4.96 y
,
1945
,
LIABILITIES— y
"
payable, incl. liability for merchandise
in:transit
-
chemical, metal, food,
be favorably affected
by the introduction this month of a series of new
developments in
industrial
electronic
control
instruments,
it- is
announced
by
L.
Morton Morley, Vice President in
charge of sales of Brown Instrument
Co., Philadelphia industrial division of
Minneapolis-Honeywell Regu¬
lator Co,
and
95,758
+940,835
1,380,000
yrs.
y( ACSETS—Cash,
427,516
1,441.500
;
BALANCE SHEET DEC. 31 '
Total
April 1,
bends, series
'
petroleum
taxcs_—.
prior
48,753
"600,000
1,650,000
14,410,000
85,000
.
Accounts
Ac
of
145,692
"450,000
taxes
CONSOLIDATED BALANCE
$17,0.10,986 $15, 718,637)
—.»
-
y:
Prepaid expenses,
;
Mirnieapo^-Honeywell Regulator
136,173
'.A".: -'
inc.
profits
:
.
postwar reffind of $770,100.
—
ments
427,516
1,681,750
v
—
,
on
mortgage
..
145,378
•
102,485
State
interest
364,815
,
hand and demand deposits.-—— $10,036,489
If.: 8.: Government securities—.
2,220,655
Merchandise -inventories * j.—,—'
112,850,315
(
<>♦'
rA-y
deductions
<fc
1,657,500
on
Postwar refund, of
payment
:•
stock-
CQN^6LIDATED.
Cash,
$3,314,098
authorized
war¬
rights
plants, y tAfter, credit of $490,000 in. 1944
and $590,000 in 1943 for i
post-war refund.y_i!Resulting from carry-back
of'.(estimated)' unused
excess
profits credit. *. §lncludes portion- of reserve for
reconversion
expenses returned to income;
equal to * reconversion costs: *($2^234;389>rl
included in costs and
expenses for the year, less applicable reductlonin
Federal taxes
($1,854,543), "$379*846,
yV
.y:
41,214:
$2,810,250
718.637/ 14,777,403
preferred-stocks
common
•.ASSETS--;
-
,
.4% %
deducting
After
RR.—To Pay Interest—
directors
8,595,725
y /Provision for
post-war
for revaluation of
"$3,401,615
surplus: DCc;; 31-^
Earned per: common share.,.
•;
'.i 168,iliffri interest
i
•
-
10,975,958
1,114,366
Net profit
—..1
Dividends paid
133,365
-
1,627,000:
and.conting,.
t Earned
—
<The direcfedfjf:hhve authorized the
payment of 2# interest on April;
1, 1946, and'iav,fe interest on Oct.
1, 1946, on the adjustment mortgage
bonds—series—A;-
10,835,349
on
refrigerators
contract
HRecovcry
idz# 6,950.000 y *6,930,900
-.^i——
Propert yand equipment
MidlanOihty
fees
5-year
on
Excess
322,313
-
348.000 yy-
postwar sidjusts.
on
Dividends
r
,,
.
6,952.604
1,643,121
v
Crl.245,000
$19,120,252 $17,587,653
~
'
cial" charges -V———V. 163, p.'$53;,
890,7 i5
v
•t...A—*2
of
Fed.
858*113*.
■
•
126,519'
Previous yearned f su rplus....^
$1,138,827 $14,094,840 $11,439,562
832,644
10,780,742
9,329,100;
■■■
.
commit,
for
Other
1944
859,506-y
375,OOd'v"
taxesll—
for
Net Hncome
; *
1945—11 Mos.—1944
oper,
1,118,638
944,208
•
Sundry income deducts.
$12,488,615 $12,533,464
r
\
vHExpressed- in Canadian currency)
^ period End: Nov; 30— '
1945—Month—1944
from
6,076,108
10,085.243
repurchased
listing of 1,922,000
—/
—
profits vtax___i__^_.
-income
Provision
icompAnyVhisv
Mexican Light & Power
Co., tta. (& Subs.)—Earns
earns,
&
Prov.
improve-
income
Federal
•«
charter amendaccepted by the stockholders at their annual •
meeting on.
13, 1946 and approved, as
required by the Superintendent of."
Insurance *>£) the; State of New York
on Feb. 16," 1946.—V.,
159, p. 111. *
-A
Gross
profit
.loans
y
^i^i^iAiy^^AiiLyi»;^:$12;362,096v$l2: ,400,099
income %net).
Federal
-J
York—
T
bldg.
Feb.
\t!k
6,073,553
9,716,711
2,515,504
income
Total
Int.
26;
^•-menb duly
i
8,134,757
and
639,095
Cost
-
Total
y
-
*
69,032,703
9,489,355
k
$95,905,410 $88,936,595
82,276,792
75,314,857
expense's_y!_—^
ments, ,ete.-
State
of
announced :prv^Feb/ 26* tbatHhls:
naine Jot::this
been changed to
Metropolitan Fire Reassurance Co. by
-
82,061,475
168,777,567
,
*
■
$,
184.936.362
expenses-
Other
27.
Feb.
on
stock of record
common
Employees'. retirement 'pIaiii Cpntribution--y.__".
Interest,paidror; accruedr--^lJr-—-Li—., •
5
were
-y/yy
*
.».-■» ,,
Co.
$
183,050,533 274,436,333
172,922,083 250,584,865
sold_
ACCOUNT, YEARS ENDED DEC, 31
Cost of goods sold and operating
Provision for
deprec, of bldgs.;
,
Reassurance
.
>
per share on-the $4 cumulative
also declared, tpayable^
April- 15
p» 907. >.s ^
*
See-,Metropolitan' Fire Reassurance'.Co;, below..
Meti-opoUtan Fire
Changes' Name—'
common
upon
hold¬
to
15
cents
MctropoIltanr Fire Assurancc Co;^-New Name—
.
Articles
reclassification
and. split of A each ,of the
presently issued and:'
Outstanding 480,500 shares of common stock (no par) into four shares
of common stock (par- $1), and the issuance of shares on that
basis,
of '45J cents'
>
$t
$
30
1942
.
-
pu^erred jrtockv, no par: value. 1 was
;t»;h|alder$-of ^cord April :j^V;;163,
•
of
1943
§1,876,409
goods
vOperating profit
the
*
";:i
i
of
>
CONSOLIDATED
Common Dividend
;,The.ttirector8 on Feb. 2? declared; a quarterly dividend
?\ Per ■share on the common stock, par $18, payable March
ers
of
Sales
Inc.-r-Larger
7.
^iiiade Ph thia-iAsufe in* 1945.
•
,
;
McKesson & Robbins,
shares
The New York Stock Exchange has authorized the
shares of common stock
(par $1)
per share,
others,
$1,996,530;/
taxes, $43,515; reserves,
State
»
-
sales
ranty
and
that
>
Listing of; Additional Common Stock-—
$2,000,000; earned surplus, $323,455;
-
the
years
fact
Government
earnings.
1944
$
no par value, then
represent the kame number of shares :of'common
$1 par value, and pursuant to which certificates for
of
1946.-
refund
total, -$4,564,962.*—V. 161/ p, 990.
Cost
to
the
•
1946, to holders of each share of
.
,
Net
63,969
on
additional
-
cost
LIABILITIES—Accounts
y,;/
89,227
49,175
1945
Selling, advertising
will
three
10,792,571
on
post-war
61,988
40,089 '
y
previous
the
30,
not
were
its
1943
...
all
1945.
believed
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED SEPT.
46,262
- -
Feb. 26 filfed an amendment
whereby the common stock (old), of
stock
of excess
profits tax,»• $23,362; h
(Graniteville Co., 49,500 shares),
$1;-Q30,325; total,
.$4,564,962.";/"*,; /-ya yay---y:. •/•/.. ,y.*- c/y.yy .//v-v--:-.
at
■
of
in
Sept.
is
year
from
for
unneccesary
portion
any
tne
for
satisfaction
it
refund
for
completed
great
made
$228,389
Murphy Co.-NStock Distribution—
outstanding
notes
$204,484;
investment
'
1944
$226,398
■
58,051'
contracts
war
been
derives
policies have
the refund of
for
working capital in preparation for reconversion. The loan
repayable at the rate of $2,000,000 a year,
beginning Jan. 31, 194G.
Nash automobile shipments were made
from Kenosha late in
October.
Kelvinator and Leonard appliance
production began within
45
days of the war's end, and first shipments were made in
early
October.
The Corporation
confidently looks forward to the day when
it will have an annual
production of 250,000 automobiles and 1,100,000
home appliances.
1945
65,144
inccme.
•The. company
hand, $633,514; customers' accounts
interest, $1,923,276; notes receivable, $750,000;
(after applied to offset tax liability of
unearned
ioo, ;«Jvreaiury
railway—.—
oper.
on
provision
ended
First
163, p. 782.
(G. C.)
-r-.
BALANCE SHEET, DEC. 31, 1945
$291,000),
increase
admin,
..." y ■/,
in banks and
from
ry.
—V.
been
corporation
require
$202,876
r
yet
requirements,
1.4%
to
which
is
DATA
1M77.6I6
,
ASSETS—Cash
Net
Net
2,412,390
the
wartime
Ay,
1946
$242,153 '
not
1941
Corporation at the close of the fiscal year had
completely
all
loans
under
its
$75,000,000 VT bank credit agreement.
December, 1944, the corporation arranged a
long-term, low-interest
loan
of
$16,000,000 for' expansion of plants and facilities and to
products including fans, clocks, irons,
Monitor is owned by its 60 distributors, ;:iy
y; January—
Gross from railway-
1945 Vr. : 1944
,/yy 1943
1942 ,5AA..
187,579,574 212,305,557 219,015,725 231,609,849
$52,039,818 $54,681,585 $52,142,542 $54,011,727
L
Total
2,068,137
$189,002,
no
has
production
in
year-
In
RR.—Earnings-
Jan. 2,'43
$2,633,770
2,142,331'
$246,533
—,
Jan. 1,'44
$2,241,272
'
:
•
Montour
Dec. 30,'44
$2,331,332
war
sales
retired
group of smaller
a
of
of
The
of
the agreement,
the bank group consisting of
Co., The Pennsylvania Co, for Insurance on Lives and
Annuities, and the First National Bank, all of Philadelphia,
percolators.
3.8%
but
to
terms
and
fulfillment
from
fiscal
and
Trust
and
toasters
•
to
renegotiation
the
its
■:•*
■:
on
for
1945,
will give credit commitments to 25 appliance manufacturers who will
produce all of Monitor's equipment. The appliances will be sold through
60 established distributors and some 5,000 household equipment dealers.
...
Monitor's products will include refrigerators, vacuum cleaners, airconditioning units, radios, heaters, r home freezers, washers, Ironing
-./:
1.300
2,145
3,570
Allen C.
Ewing & Co.,
Du Bosque &
..•.'A
the
Provident
A.
1,300
•
7,140
5,355
r-V. 163, p. 1031,
,
M
secondary
dropped
profit
filed,
to be required, .since
profits
excessive.
Renegotiation has
MacCoy,
Logan
Under
v.
1,820 '
"1,560
;
net
Data
distributors.
15,835
*
decidely
Arranges
'
President of the Provident Trust Co. of Phila¬
delphia, last month confirmed the establishment by a group of Phila¬
delphia banks of a credit of $4,5GO,000 for the manufacture of a new
line
of household
appliances.
This credit has been made available
under a special agreement with the Monitor Equipment
Corp. of New
York, its manufacturing sources and its nationwide organization of
W.
be
'<-yI-»"-V'.V' purchased .■ purchased y/y purchased
"i'".:vr.";from yy-yy ; from y/;
■ from
Burr &
'»
*
1161
re¬
to
warrants
Shares to be
Equipment Corp. of New York
$4,500,000 Bank Credit—
and
y /
.
,
Shares to be
.
investment.
underwriters
common
follows:
as
for
warrants
names
shares 'of
are
THE COMMERCIAL & FINANCIAL CHRONICLE
Vista4
Buena
:
•
'
"
A*
:
v.'; #:#•'0:X'jt###?z
•■■■'A
1162
Monday, March 4, 1946
FINANCIAL CHRONICLE
THE COMMERCIAL &
cific Gas for each 100 shares of North American.
The dividend i$
in 1938 the company # standing 194.482V2 shares and 38,063y2- shares,/respectively, cu - s payable April l to holders of-record March 4.—See V. 163, p. 908
standing./, One share of new common stock will be issued in exchange- ,,
began withdrawing from the manufacturing business and concentrating
for each class A and class B
cQinmony shar^ ;,,outstanding,—V. 16J>
1 Northeastern Water Co*—35-Cent Common Dividend—/
,
on the converting field,
at the same time shifting its products front #
p.-74. .v/#/v.-••••.#..
1
' • '>
siik to rayon.
By 1940 the company had disposed of all its mania- .'
The directors on Feb. 27 declared a dividend of 35 cents-per share"#
factoring iaeilities except some vacant plant properties and its. Buena
on
the common! stock, par, $1, payable March 11 to holders of recordNew England Gas & Electric Association—Output-— , s ;
Vista
plant, which had been changed, meanwhile* from the mauu-.#
March 6.
This compares with 25 cents paid on May 1, last year. <'
\ ■ s#! .
lacture t»i si.k goods to the manufacture of rayon fabrics.
For the week ended Feb.. 22, the Association reports electric output #, v,
The directprs also declared-the regular quarterl-r dividend of $1 per
,
/
Early in 1940 the company acquired the stock, of what is now its;,# of 12,159,924 kwh.
This is a decrease of 867,946 kwh,/or 6.66% beshare '(for the quarter;ending,-March 31,- 1946)- pn the ;$4 prior -pjre- #
principal subsidiary, Mallinson Fabrics Corp. ; This company had been
low production of 13,027,870 kwh for the corresponding week a year f
ferred stock, no par value, payable June 1 to holdfers of record May 15.
organized on May 29, 1936, by EL Gerli & Co., Inc., to take over the |
—V. 163. P. 316.
/•/■#■/-'-. •"/-::: #/;///•-.# //
trademarks, and: goodwill of B. R. Mallinson <St Co., Inc., which was in
^Gas ouput for the Feb. 22 week is reported air 182,401,000 cu._ ft.» / •t-'0.>•# ■.■:/./:"/■'•//// /'/-'■' "•> /.'/':>■/ 1 :' -K
:■//-///
the
process of reorganization under Section 7TB of
the Bankruptcy
an increase
of 17,609,000 cu. ft.v or 10.69% above production of 164,Northern States Power Co* (pel.)—Weekly Output—
Apt.
From 1936 to 194o Mallinson Fabrics Corp. "was a converted of & 792,000! cuv ft, in the corresponding week a year^"ago.-—V; 163,#]^ TOji. /
both silk and rayon fabrics, but since 1940 it has been primarily a
Electric output, of this company for/the/week ended-Feb., 23,. 1946.
converter of rayon fabrics.
Another important development was the
:
/New England Po^er Associatlon-^We^kly,Output-—
/ / totaled 48>094,000 kwh., as compared with 46,795,000 kwh. for the.
change, in 1939 in the companyV management#
During that year#!;
corresponding week last year, an increase of 2.8%.—V. 163, p. 1032,
/ This Association reports number of kilowatt hours / available for the.
Charles L.
Gerli, who had previously been, a Vice-President of the #
week ended Feb. 23, 1946 as 61,211,531 compared with 65,489,341 for #
company, was made president of both the company and of Mallinson >
Northrop Aircraft, Inc.—New Plant for Unit-the week ended Feb. 24, 1945, a decrease of 6.53%#///##:•
Fabrics- Corp. and Jackson. EL Spears and Jacques Maisch,* were elected #
The comparable figure for the week ended Feb.- 16,
1946 was-62,#It is announced that ground* has/beeh'broken.at Pomona, Cs'U., for
as
Vice-Presidents of both
companies.
Since that time these men 806,385, a decrease of 5.81% under the. corresponding week last .year. 4, a mew $1,000,000 plant in which Salisbury. Motors, Inc.,>.a ..wholly..
have been the principal executive officers of these, companies.
Under
—V. 163, p. 783.
///';
##;/
owned subsidiary, will begin manufacturing this Spring.
# .
T,
}
H ,
*, #/ '«//•//
the new management the sales offices and shipping departments of
Plans call for completion of the modern one-story structure, about#
both
companies were
consolidated on the same premies,
thereby
Newt England Public Service Co—Declares First Full «. 60,000 feet in area initially, by April 15.
■/- '.
/
/!,/./;-"
effecting substantial economies.
'/
//Salisbury Motors will manufacture the Salisbury "600",/six-horse'-#/,#■
Since 1940 there have been no significant changes in the company's
Quarterly Dividend ton Prior - Lien- Stocfc'Since 1&32—■ . #
power engine, an automatic clutch and transmission of new design,
business or business methods.
Under the present management the ;;
/The directors on Feb. 21 declared the full quarterly dividend .Wi ¬
the Salisbury
"85" two-wheeled sports roadster, which is a stream-company and its subsidiary,
Mallinson Fabrics Corp., have continued >
the prior lien preferred stocks payable on March 15,
1946, to stock¬
lined variation of the famous Salisbury motor scooter, and a special
as converters in identical lines, of business and in view of the increasholders of record of Feb.- 28,
1946.
This, dividend is applicable as
"turtfet truck" designed for industrial materials-moving use. .
.
,
,
ing trade acceptance of the Mallinson name, the name of the parent
follows:
Three-quarters of the amount of said dividend to the quarter
/For the next several months,
production will be concentrated on
company was changed on Dec. 22,
1945, from National Fabrics Corp.
ended Dec.
15, 1935, and/one-quarter thereof to the quarter ended # tbft Salisbury, vpb-wev package" a combination of the. Salisbury engine,
to the present style, National Mallinson. Fabrics-Corp. —
v# £ p.
clutch and transmission/ and the only such' .combination now offered# ,
The company had no
war business as such.
During the war its# March 15, 1936, being the first quarters for which dividends are m
arrears.
Checks for the dividend will be mailed March 14, 194b, to
/pi* the market, according to the announcement.
Component parte of
products continued to be sold for -. the most part-for- their normal #
stockholders of record of Feb. 28, 1946, on the following basis:
$1.50
the "power package" also jyill be marketed separately.—V./163, p. 75.
peacetime uses.
The yard and dollar syolume of sales to the United #
per share on the prior lien
preferred stock, $6 dividend series, and
States Government, in each of the last five years is as follows: 1941,
.//#//////?:-; ';•/;/#/;:/•'//<;;//'- /-,■ -.■:/■'//#;■/.//'/
none;
1942/1943, 363,537 yards, $160,109;
1944/1945, 58,574 -yards*#* $1.75 per share on: the "prior lien preferred, stock, $7 dividend srnes.
Ohio Cities Water Corp.—To Be Dissolved—
This is the first time a full quarterly dividend has been paid" on
$23,530.. The principal effect of the. war on the business of the com-//
the prior lien stock since March 15, 1932. .' .
American Water Works and Electric Co., Inc., a parent company of
'
pany was
the virtual elimination of silk fabrics from the company's
Distx'ibutions of $1.31 V4 per share on .the $7 prior lien preferred
tbis company, has filed certain plans with the Securities and Exchange
products and its Concentration/on rdyon fabrics,stock, and of $1.12% per share on the $8 prior .lien preferred stock
Commission designed, to further the ronform^nce of' its; Iiolding com«» *.
CAPITALIZATION—By ' appropriate corporate* action
the " company
/were/made in each quarter during 1945.—V. 163, p. 1031.
pany system to the requirements of Section 11 of the Public Utility / has recently amended' its certificate- of incorporation to-: change-'its:j/■ // ■/- i
# '':.////■^ ;//;'/''i-/,:
/:/ ■■ '/ / :■■ ■•// /-/■./':""
■!
Holding Company Act of 1933.
authorised capital stock to 500,000 shares all of the same class (par -•■/
This, company / is a subsidiary company in the American holding; v
New Orleans & Northeastern RR.-—Earnings— ?
51), to reclassify each share of old $40 par value preferred stock into Z
company system and Its two subsidiary .companies- are grouped for'
SVi shares of new $1 par value capital stock,, and to reclassify each
January—
1946
1945
1944
1943
management and operation with the other subsidiary water companies '
share of old $1 par value common stock into 15% shares of" new $1
Gross from railway——
$746,502, $1,235,698 $1,018,606 $1,154,253
of that system. *
par value common stock.
At the same time the capital of the. com¬
Net from railway-:!./# /
295,014
653,424
376,420
650,5|9
.The. plana filed provide, among other, things, for the segregation of
pany was reduced from $734,360 tq $215,160 and" the difference
of
Net ry. oper. income
the waterworks properties of the present American System, including.;
105,038
155,050
71,630
111,769
$319,203 was transferred1 to capital surplus./•#-" :
. ,*«#•
—V. 163, p. 656. "
*
'
those /controlled by this company, into a separate holding7 company
/ After giving effect to the- foregoing amendment and reclassification,
/1* 11" "
'
>y "v *
• #■» '
' Vj#. .'*•_« b, '■ j v
b V11 fr.
r
*>/r 1 r f\L
• ■ '
'/ •
t
system.
They also provide for /the offering to the public preferred
the capitalization of the company is as follows:
stockholders of this company of shares* of the common stock of the
Newport Industries, Inc.^-Dividend Increased—
Authorized ; • ' Outstanding
/new
waterworks holding company in exchange for shares of the
A dividend of 30 cents per share has been declared on the common
Capital stock (par $1)
500,000 shs.
215,160 shs.
preferred stock of this company.
/,:•/
stock, par $1, payable March 19 to% holders of record March 12.
In
The transfer agent for the capital stock of the company is Manu-:
; The plan provides for the liquidation of this company into the nevr
each quarter during 1945, a distribution of 20 cents per share was
/facturers
Trust. Co., New
York/ and the registrar is Commercial
waterworks holding company and, upon such liquidation, for the pay¬
made.—V. 163, p. 1031.
/
's ment of
National Bank and Trust Co. of New York,
tj^e sum of $120 per share in cash to the public preferred
stockholders of this company who have not exchanged their shares#
DIVIDENDS—It is the intention of the board of directors to declare
New York Central RR.—Earnings—
—V.162, p. 3078.
"
"
Va
quarterly dividend of 25 cents per share, payable on or about April
These
Va.
not successful and
operations were
,
'-
,
.
.
t
•
■
.
■
■
-
v
v
1
v
■
.
.
'
...
.
(Including All Leased
has |
with
the year ending-May 31, 1942./Dividends paid by the company to-the#
holders of its old preferred and common stocks adjusted
to reflect#
1946.
30,
Company- paid
old
their, reclassification
'
into
has
been
share,
follows:
as
54
1943,
dividends
no
1942./ Company
to
fiscal
49
v
1
,■
«
revenues—
Net revenue from railway,
$51,112,139 $53,446,676
—
'
Smith, Barney & Co.:*—
.
18,000
Hornbldwer & Weeks..:..
17,000
.17,000#
.10,000
Van
Alstyne, Noel & Co#
Paul H.
R. S.
Davis & Co.—
Dickson
&
Co., Inc.
1,358,767;
$2,465,281
/
10,000
•> .# :
-
;
-
#/
,
-
,
of
Selling,
goods
sold——
-
944,084
423,781
hiM
'
!>VrGross profit.^.
/
■
/ ;-V- V'#■
Olherv income.:---,:-.-.
income..—..^
Interest- paid
$525,759
;
.54,453/
21,342
Fed. normal income tax
and
Fed.
'.
.,
surtax—*
j
$1,287,,798
19,961
$1,121,352
55,799
/
29,913:
-
#'•
-
v
112,000
•
prof, tax (net)
202,000
755,000
charge—2.U2
-
100,000
#
■
"Net
-
•Net
profit——.
Preferred
$202,416/
dividends:#:.
dividends..—
—
/
to a nominal' value of
improvements.—-V. 163, p. 315.
//♦Write-down
leasehold
//'
;
///
■■/'
'
■
furniture
and
*
-
is
This
telephones -serving' farmers/ and
York1
rate.—V,
and
■
-
St., Cincinnati, it was announced on March
President,
K-D Lamp Co. is a wholly-owned
/
Ended Nov. 30—
'
1944
:
1943
J
Z-
,
*
/> $9,843,423 $10,041,807 $11,837,268
;
354,319
387,973
429,294'/
246,844
V.
49,579 '■>•■
49,579Earnings per share.-^..._.__:._._:;#
$1.44
$7.88
$8.72
On Sept.
14, 1945 company's capital structure was changed by a',
5 for
1
split-up of the outstanding shares and a corresponding re¬
Net. sales
—
Net profit after
Common
<
1945
c
outstanding..^
daction of the par value
of shares
•The
834.59
shares
a
of
share
computed
on
company,
and
a
the new
/
quick
net
share
BALANCE
-ASSETS—Cash,
tories
at
as
$458,665;
Nov.
asset
30,
•
-
value
:#::-/•#'../
basis.
SHEET,
accounts
NOV,
30,
receivable
<
-/## j-'v.;
„
struction
insurance
89,217,675.—V.
162,
p.
Joint
•
/Otjaer
$121,466;
.
held
stockholders, at
a
special meeting
operating
income
...
/;.
;
.
,
:'/ '- /■■#:
(Ganada)—Stock Increased—
Increasing the authorized
each,, to 3,000,000 shares
.
company
:
i-.
>•
offering hava been
•
^
and paid for.under this
'
\';v
r#/
.
;
.
:
.
*
••
•■
#
.
$6,126,177-
\
.
Interest
on
funded
$2,318,624
176,136
173,989
debt
.
Net
.
——$3,276,699 f $2,142,488
income
Sinking
and
funds—appropriations.#87,986
appropriations
reserve
/ ;
59,862
300,000
Balance of income..____#.—$3,188,713 " $1,782,626
—V. 163, p. 657.
.
.
.;#, -/.// #//•/• /#/..
North American Co.—Stock Dividend.
The
Securities
and
Exchange
Commission
has
Approved—
cleared
the
.
dividend
Report-r-
skies' of the Company for the fiscal year end
Oct. 31, 1945, '
to $58,554,020. This compares with combined, net sales of
$66,403,142 for the preceding 12 months period, which include net
sales of $43,321,896 for the company and $23,081,246 for the Cleveland
Tractor Co., the assets and business of which were acquired by the #/# #5';
company at the close of its 1944 fiscal year..###:
amounted
Br6,519 £
$2,085,442
.
.233,181.
Oliver, Corp*—Annual
V Net
$1,388,829
Cr703,132
$3,450,688
*
.—L——**/_!.
value
,■■'
Subscriptions/will be received by Toronto Share/Trahsfer-- Co., Ltd.,
Bay Street Toronto, Ont.; Canada, transfer,agent./ Payment for
subscribed for must be made in full with the subscription.
.#
The underwriters are#to be' granted an > option / on" an additional
200,00ft shares or any part thereof at $1 per share for a period ex¬
tending 3» days after the expirationuof .the rights, .
/
if the option is exercised the total amount of money placed in the
cqrapany / treasury will ,be ; $987,878,
leaving ■ 436,366 shares in the
/ 4,737,348
$3,177,040
■ 273,648
income..—#
:
income
Miscellaneous
on
March 18. will vote upon a proposal to change the ncL
class A and class B common stock into, one class of stock
to be
known as common stock without par value (250,000 shares to
be authorized.
Of the authorized 200,000 shares of'class A common
stock
and 50,000 shares of class B common stock,
there are out¬
be
dispatch
virtually.
areas.—V. 120,, p. .212; V. 119^ p. 2Q73.
■..//.
..# \V. :. ... /. ' #/£
•• .'
•
.
1516.
.The class A and class B common
railway
Gross
.
;
par
on a# bid of $2,651,110,
an Associated.; Press
properties Included more than ,100,000 acres in
shares
facility; rents (net)———,v 13rl6,411 /#'/:
Net
'
Neptune Meter Co.—Proposed Reclassification of Shs.
to
/#
302
$12,057,181. $13,901,888
expenses—7,264,200 / » 7,775,711
Railway operating income*——$2,269,893
Equipment rents - (net)—_•
Cr923,558
(net), $839,215; inven¬
accrued expenses, $126,■507;
reserves
for
Federal
income
taxes," $271,63.4;
other reserves,
567,504; reserve for contingencies,
$76,315; capital stock
($20 par),.
84,936,880; earned surplus, $3,273,372; capital surplus, $343,938; total,
payable,
a
,/
;
;#
LIABILITIES—Accounts
r
of
,
-..1945
,
includes*
25
scribe for: ai whole share..
// The share? not taken up
'underwritten#.
•
#
*
//■
refunds
$9,217,675.
•
'
Net*,railway, operating revenues—$4,792,981
Railway tax / accruals—"*.
—*.-1
:
•
2,523,088
/
'1945
(estimated), $197,035; real estate and con-"
(after reserve for depreciation of $3,925,026)„ $3,429,955;
prepaid,
$68,137;
other
prepaid
items,
$12,912;
total,
tax
1946
„J
expense
a
(including supplies), $2,377,019; investments, $1,564,061;- life
(cash surrender value),. $28,578;
treasury stock, $42,097;/
profits
of January—
operating
insurance
excess
,
operating revenues——.
Railway
book value of
of $19.83 a share, both
had
Month
Railway
and
premium
proposes to offer, in Canada/787,878 of Its-unissued,
shareholders of the ! company/.at $1 per : share nnj the
basis of one new share for each two shares of capital stock held by
sharehloders of record, at .the. close of business-on March 12. 1946.
The
right to subscribe expires at the close of business on April 1,
1946.
Warrants to subscribe for fractions of shares will not be issued.
In case the number -of shares -held, by any- shareholder is not a -mul¬
tiple t>f two. then instead of being given the right to subscribe for a
fraction of a share, such shareholder, shall be given the right to sub-
..
v.-•':#/'/;.'"/■>• '#/'/; '/-•/;,
1945,
■
.
past/'—V. 163,
Z
.
Norfolk & Western Ry. Co.—Earnings-1-
share from $100 to $20. The total number
a
outstanding is 246,844 shares,
now
and 1032.
was
.
The
Electric'Corp.'
Announcing the purchase, Mr. Seubert said: 1
" • /
"#f> *
"Acquisition of this large propert y will enable K-D to' carry out an
extensive expansion program which has been under consideration for
some
time and it is expected a substantial increase in personnel will
follow.
Our engineers are already working out details connected with
moving operations to the new plant where the enlarged facilities will
pp, 783, 908
$2,173,957
this company to Texas Gulf Producing; Co*,/
Bradley Petroleum/ Corp.t Wellsvllle, N. Y.* was.
by officials of the companies.
The sale, which,
divestment order of the Securities and Exchange Com¬
Feb.
shares to the
•
permit greater production than has been possible in the
all chgs. & credits#
shares
1,273,545
$2,880,359
/
The shareholders will vote 1 March; 8 on
.capital stock froip v2,000,0Q0 shares,; par $1
of the same par value.
1 by John A. Seubert,
subsidiary of Triumph
which in turn is owned by Noma
/ Industries, Inc.,
$3,447?502/
993,117
Rights tp Subscribe—-
.
To Provide for an expansion program, K-D;Lamp Co.,/Cincinnati,'/
manufacturers of original'and replacement automotive-lighting
equipment and accessories, in a cash transaction has: acquired a plant
with more than 140,000 square feet of factory space at 1910-1916 Elm
.
Years
.
$3,873,476
Supply Co.—Stock Sold—
Osiska Lake Mines» Ltd.
Ohio,
,
.
'
,
,
The
"
Corp.—Unit Acquires Larger Plant—
Noma Electric
Gas
■J Naumkeag Steam Cotton Co.—Annual Report—
1031.
p.
.
and
-
-
Pipeline Co. of America—Sells Bonds
Privately^—The company has placed: privately with in¬
surance
companies through Dillon, Read & Co., Inc.,#
$25,000,000 first mortgage pipeline and collateral trust'
bonds, 2.60% series, due 1963.
Proceeds of the issue,
together with other funds were used to pay off outstanding indebtedness.—V. 163, p. 1031.##// ;
; V; ' ' #■
Natural
163,
manpower
as
——
and
on
mission,
materials become available, the
expects to add telephones in rural areas at an • even faster
1946,
discount,
debt
of
stock
Tex.,
states.
110,000.
to
During
3,056,437
398,998
Alt ol the larger producing
.
State
all
of
resulted from
other/'-rural
•
telephones in rural areas in New;
company's total
the
hrings
$265,817
116,160
fixtures
-
Sale
announced
by this company during 1945, it was recently
the greatest rural growth, for any year and
added
were
Growth—
Telephone Co.—Record Rural
i,915,702
140,761
—
*
Ohio Fuel
$579,921
•
:■/:
than/ 8,100 new
MO)re
residents
59,280
47,520
$265,827
—-
/
announced.
$262,182
1,336,656"
-,614,921
35,00tt'
349,798
83,971
—
163, p. 656,
......
148,200
appropriations
company
Common
#
-
accounting requirements of the SEC, but in the opinion* of -the com¬
pany and its independent accountants, the taxes; chargeable to opera¬
tion should not be reduced by such reduction in-taxes# as-to do so
results in overstating gross Income by such amount.—V. 163, p. 783.
Houston,
677,397
47,609
RR.—Earnings—
income——#*-;—577,477
-
transferable to surplus,
Balance
—V.
122,338
$325,272
47,520
•
.
operating
New York
841,946
*,t
>
,
..
/
-—
*
♦Amortization
1946 fc
1945
——
$5,754,292 • $7,825,545
income-/180;000
347,000
railway taxes—1.————.————— '
327,367
420,845
Sinking funds and other
• ■
116,099
\
special charges in the 1946 and 1945 periods of $1,558»1$5 and,<$2,729,*
112, respectively, equivalent to net' reduction in Federal and State
income and Federal excess/profits/taxes by re$son>of;;deduction of
costs incurred in refunding of securities.
Such special charges were
heretofore classified as provision for taxes or provision in lieu of
taxes.
The reclassifications are to accord with recently promulgated
—.—
Net-income—--
/
•
exc.
♦Special
$188,868
$158,021
%
income*/——-!—-:—
Other
898,250
851,823
' /"-//:'
##h;
$1,090,765
30,587
$1,224,298
,
«.
Subsidiary)
and expense——
preferred stock—
on
vl Balance
Federal'
•
Total
Chicago. & St. Louis
New York,
Month of January—
f Gross
8,356,626
$1,233,273
' 54,525
$1,169,845
$481,422
■
44,337
**'
-
Income-—————*—!**!
Net
Dividends
;
$586,436
$$1,067,426
inc. and excess profits taxes—.,
♦Includes Fed.
/„..#//;^r::-^:v;;-/
gep^and. admin.
expenses
*-*
W
/OS-Lit# -/>/.;//'"
/.
8,250,420
9,060,921
# 4,333,674
V
—-
♦Amort, of debt disc., prem.
J Deficit,—V. 163, p. 657.
1945
1944
1943
/.
• .
.■ •
.....//### • .
$5,238,876 $11,174,849 $10,381,942 $10,299,214
#atc.
1
^
Ended Jan. 3t—
Other, deductions—
,
s Mos. End< i": -l-—Years Ended May 31
•Gross sales;less discts.,
Cost
ifet income after fixed, charges^————
1
'
,
;/
>
•
.148,570
3,476,242.
—1^8,230,
'3,432,757
Miscellaneous deductions—
vTotal vfixed charges-—I,—:—
Nov. 3Q,'45
.
.<
-
$4,211,248
./
■/#.
123,460
■*•
.
l";
,
revenue—*—**—**-*:*•**—*—**«
-
.
1,743,967
$2,533,561
'
Total income
3,000
CONSOLIDATED INCOME STATEMENT
*
—.——
—*■—1.535,020
Other income
8,000
5,000
Inc.
\v/>"
'
t,
.
2,070,980
income.*—,—$998,541
Net railway-, operating
r
,
White & Co.:##:*—_* k.*#'• 5,000
Hendricks & Eastwood,
.
A r,
,
1946
1945
$35,267,991 $35,999,84^
Operating expenses
14,467,559 14,127,282
Provision for depreciation——
3,377,964
3,365,030.
Aniort. of plant acquisition adjustments!.-*-—
1,906,867
1,831,202:.
General taxes—
#
*
2,867,550
2,851,717
Federal incomqiapd excess profits taxes——
4,402.738
3,676*977
Interest on.; long-term debt*—
2,315,374
3,244,691
$4,253,496 $4,43t,462
rents
Equipment and Joint facility
Shares
_
Schirmer, Atherton & Co.
TOvOOO
Stein Bros/ & Boyce Corp.
•
;' Tifft Brothers.:.
20,46(1:
Vu Months
Gross
$8367,723'
$6,610,804
operations
accruals
/♦Railway; tax
•/. UNDERWRITERS—The names of the several underwriters and the
aggregate numbers of shares which each has/agreed to purchase from.
the selling shareholders, are as follows:
,,
,///.,
£
Shares
,#•?' J
(Including Pennsylvania Power Co., a
44,478,953
*44,501,335
—
'
,Laird, Bissell & Meeds.—.
' "#
——
'
!#Z#Z#Z/;
«
operating
Railway
#
f
Ohio Edisan Co.—Earnings—
Railway operating expenses—
stock of the company
ended May 31, 1942, 12 cents per
cents# 1945/ 901 tents; paid Jan. 7,
year
1,
Lines)
Month of January—
present, capital
the
cents;: 1944,
•■1946, .48 cents.
prior
preferred stock continuously- beginning
paid dividends on its
.
/
The
decrease
in
net
sales
thus
shown
was
entirely in special war
products. For the 1945 fiscal year, sales by the company of. war
products and regular products subject to renegotiation, amounted to
/' approximately $20,800,000, or 36%
of the total. For the 12 months
ended Oct. 31, 1944, sales subject to renegotiation were approximately
53% of the. combined sales of the company and Cleveland Tractor Co.
Net profit for the year ended Oct. 31, 1945, amounted to $1,675,687,
"equivalent to $1.63 per share on the common stock, after annual divi¬
dend requirements of $369,000 on the 4>/2%
cumulative .convertible
preferred stcok.
##■-
-
''■
■#../,
/
/##.
.#
#
profit of the company for its 1944 fiscal yeaf was, $l,735,140w
and the net profit of Cleveland Tractor Co. was $580,390 for the 12
'/months ended Oct." 31, 1944, immediately preceding the merger of its-,
business with that of the company. :
Under the provisions of the Internal Revenue Code, the company
The
net
•
declared
Gas
&
by
this
Electric
company
Co.
on
common
its common stock, payable in' Pacific
stock at the rate of one share of Pa¬
has
elected
to
recompute amortization of emergency
facilities on the
.#",
......
i.«»^i^iljjBi-»riTiffil»3i<K»w^-t>^^^-»-»^^!a=':'t
^vwaOMawctwareewocra
,Volume
,
163
Number 4469
-
■
~C*ftC»W3H«S3R!artr«
THE COMMERCIAL & FINANCIAL CHRONICLE
S
.
.n'.v'', ••
;
•
...
.
I
.
:
•
•"
.
•'
•
1161
■
basis of
a
shortened period in lieu of the 60-month pei'iod on which
amortization was computed in
prior years. The portion of the accel¬
erated amortization
applicable to the 1945 fiscal year is included in
■
cost
of
sales
for
Pacific Telephone & Telegraph Co. (& Subs.)
<
•'
COMPARATIVE
1945
Years Ended Dec. 31-^
Tractor
Co.
refunds
required
to
up
Oct.
and
31,
the
effect
'
of
taken
was
over
negotiable
business in that year were not
provision for refund has been
made.
no
The cancellation
lowed shortly
claims
completed,
the
and
the
of
after
Total
and
Depreciation
Traffic
Commercial
Operating
General
not
the
on
■■
company
imposed
or -interferred
any unusual
regular pro-
with
.-r>^
YEARS
tNDED/OCT, 31'
'
'1945
a——
Cost of
sales,
sell.
&
gen.
1943
•
$3,429,808
til,899
r'
| .' Balance before taxes on
income-:$3,104,687
Federal normal tax
and.
surtax,™.!;
1,100,000
Federal
excess profits tax
245,000
Other
incqme taxes a
84,000
—
-
per
comon
•Including
944
and
?^44 a°d
in 1944.
ities
.•
985,514
656,000
$2.63
..
^
.
in
cost
reserves)
term,
claims
—
under
war
—
Investments,
etc,
Patents,
28,214,142
24,733,851
25,596,865
Cr217,748
Crl52,325
goodwill—
1,008,119
:
1,773,460
*
948,995
Crll,871
Cr9,728
Cr9,728
21,190,110
480,953
stock—•
4,920,000
total
provision
in
1945,
4,920,000
15,998,125
15,382,812
$6.78
!_
$6.61
.!
g
4,920,000
15,382,812 ??
shohld
..
these
have
latter
been
••
.....
amounts
accounted
clared
reduced
1
V•/
*
lj *
"■
and
taxes,
^
Telephone plant—.1—
678,550,991 651,669,679
Miscellaneous physical property-A-;-.A*AAi.A^—302,859
193,811
"cn
Other investments.
!_1^—...
1,149.532
) 1,163,306
Sinking funds——a__——
325,000
—
....
the
presently outstanding
preferred
stock.
of 80.000
shares of
The
,
it
intended
chase
——
8,000 shares are
reserved
—V. 162, p. 3196.
for
available for
common
sale
to
stock.
an
payment
^
v..
piurfiO'K.
■•'>')•;
■
19,460
shares—
$23.25 per
ents,
!
development; etc.,
gen.
Interest
share.
oper.
exp.
L*
and
$
exps
12,655,683
*43,964
T6^942
642,500
.
losses
.
,599,042
1,625,993
L
V,vV'.
—
a
Total
—
tax
foreign income taxesRenegotiation refund -for 1942—_
Net profit for year
Cash dividends
paid
Earnings
•
*
24,579,862
£3,709.942
24,457,253
915,362
26,047
25,622
order.
of
$3.30
mechanical
it
reasons
is
not
*•
1945
receivable
(net)—a.a
cbst^AA.;—^
assets,
at cost
Property, at cost, less depreciation
Licenses, patents and goodwill—Deferred charges
—___
—
!: Total
v.
A2-r—
Accrued
Accrued
as
Accrued
Reserves
Capital
for
Total
-V.
accrued
and
other
State
taxes-
taxes^lA-,AAAA-——a_a-._--a-._
furnaces, etc.———
par)—1.A——a
:
$3:56
to be
IU
ipt" ]«VIC11CU
from
Issued
M~
per share and
to reduce the
100,000
shares
.v.,w •'
to
s'--."'
of the stockholders ,„in hp held on March
will be lipid on
that the company's charter will be amended
of
the
be
underwritten
27
to
new
invpstinent
bankers
headed
CO. and Coggeshall & Hicks.—V. 162, p. 2187.
v.;>»,
'
.aboo?)''
23,020,965
Corp.
Udylite
below.—V.
CAPITAL: CHANGES—At
biucMiyiuci o
stockholders
the
the
authorized
163,
annual
an
ou»tv».vvM
In
stockholders
common
*
*
14,965,855
440,000
15,0000,000
10,130,779
10,124,782
4,765,060
39,180,303
to
delivery
iSOndNov.,
of
38,926,958
519,621 >
finance
to
the
bring about
capacity,
657.
p.
meeting
..
Report-
held March
the
„
12,
6,451,704
3,010,831
of), record
as
of
the
close
of
463,686
20,497,654
2,302,625
an
the
1945
2,012,808
33,265,050
10,698,150
—
program,- which
was
of 50,000,000 feet of gas Per
issued and sold during May 1945,
first lien 2%% bonds, ser es
5,^
p.-467.
'
promissory
the
notes
maturing
in
150,ooo
A,
and
at
certain
of
debt
122,749,671 111,404,315
the
Is
.
w*
v.
and
intention
all
of
was
reduced
the
its
-
-
.
payable.
and
interest ^ates
the
maturities
obligations.
and
At Dec. -31, 1945,
consisted of Ihe following:
the
the
directors
future
they
-
at
■
%'
1
——
with
of
^
others
would
arbitrator,
final
over-all
limit
.
purchase
prices
to the
such
advantageous
e
between
submitted
be
to
i."
Hon." George
George
the
A.
Chancery Court of Delaware,
fund as a maximum to cover
the
to
or
of the
of 20 '/<>
;X ''vcV'v.V>
Vice-Chancellor of Delaware
1945, approving
*' '•
'•
•.'. •'•.•
•
) .• ••-.
handed down his opinion on Aug.
the agreement of settlement.
The few shareholders
had
opposed the! settlement appealed from the order of the
Court to the- Supreme Court of Delaware, and the appeal
argued in that Court on Dec. 3, 1945.
A deoision is expected
at any time.
*'•
J
■. - ■ ■/
.. ■,V
..
While the action in Delaware is the most important litigation with
•who
Chancery
-was
,
,
-
respect to
.n
the
has been made in the con¬
progress
settlement
proposed
Cjhd>F£6$«G'
"
:• 8,250,000
2%%, due May 1, 1965 ($400,000 due Sept. 1,•
V
1946 through operation of sinking fund)
—a—
10,000,000
Promissory notes, maturing in instalments Dec. 15, 1946
f
to 1955 ($600,000 instalment due Dec.
15, 1946)——
16,000,000
deem
may
as
-
and
as
an
The
9,
-
$12,000,000
times,
» • v>.._ —
Welsh
of
♦
continue
to
such
\
LITIGATION—-Considerable
Attorneys
long-term
.
•
D,
the
as
_
First Mortgage and: First Lien Bonds— - '
'
•
1
■1
Series B, 3%, due Nov.
1, I960———
Series C, 3%, due Jan. 1, 1962 ($500,000 due July 1-, 1946,
through operation of sinkihg fund)—-—
Series
in
this corporation and
11C
The JLT Viuimj
Pennsylvania RR. and its directors and their estates under which
—w- nnv
in
'the
Railroad Company
would: pay $15,000,000 to Pennroad __ full
$I5,uuu,uuu
w
a v....——
•settlement. -Stockholders were advised under date of March 19, 1945,
that if the settlement Is consummated,
the question of money due
of
in_vpnr
dividend
senior
$46,250,000
;
o.
of
board
the
amounts
(corporation;
shares
of
shares
such
in
_
,
stk. Dec. 31, 1945 $49,602,672
from
additional
;of
year
I'
Philadelphia
per
-
^om
instalments
—
42,182,131
the
Annuities,.
share4 of common "Stock -outstanding Dec.
the above,- was $8.55 compared with
$8.03 at Dec. 31, 1944.'
" ;
Corporation acquired 331,100 shares of its own common stock during
1945, at a total cost of ,$2,364,915, or an average of $7.14 per share
.'including commission.
The shares outstanding in the hands of the
•public have thus been reduced to 5,800,000 at Dec. 31/ 1945.
It
construction
increase
company
assei-value
determined
The, net
,
tended
16,143,004
oranmig
Granting
,
31,' 1945,
10-year 93/,% debentures due June 15, 1953,
2%% dentures
aggregating $10,000,000.'*
'
.
u
.
!
These various changes in the
company's capital structure have ex¬
..1,392,605
870,126
ana
and
Net value of assets applicable to com._
„
business
'
on
Dec. .15,-from
series
5.246,881
Lives
on
Total assets at; value Dec. 31, 1945—.,—
—
$55,712,009
Total liabilities Dec. -31, .1045 -1—a-a2—2_--a—2a^^_—-1a
6,109,337
"
*>on
:
1945,
1946 to Dec. 15, 1955.
The. rate of
interest on. such notes ranged from Vl2% to
2%.
The proceeds from
the sale of
these 10-year promissory notes were used for the re¬
UClli)JtlUU
demption w*. all of the $6,250,000 first mortgage and first lien bonds,
of
,
and
Coa
of l in¬
certificate
27, -1945; the company, borrowed. $16,000,060
banks
six
each
587,899
4,097,523
the Pennsylvania
Jersey & Seashore RR. Co., the United New Jersey RR. &
the Pennsylvania Fire Insurance Co., the Pennsylvania Co.
summation
-
Pennsylvania RR„
directorates
shares then outstanding.
In addition there were profits on sales
• securities of
$838,207 credited to earned surplus in 1945, as com¬
pared with $572,459 so credited in 1944; the balance In earned surplus
"at December 31, 1945, was $3,075,448.
There was no change in capital
surplus, which stands at $39,657,234.•
:
•;$1Q,000,000; of first mortgage, and
.due May 1* .1965
•it.
At a
special meeting of the stockholders held July 6,; 1945, the
(stockholder? authorized the retirement of the outstanding 5.60%
■cumulative preferred stock and authorized a new issue of
preferred
9,574,496
11,137,295
6,062,582
-
important
The^ net income of the corporation from investments for 1945, after
;
,
the
of
of
expenses and taxes,
was $1,562,989
as compared with $1,636,215 In 1944, a decrease of $73,226. In each year such net,income
to approximately 27c a share
on
the respective number
1945^.V
order
designed
—:
5,00,000
50U0UU
The
■March 22,
in
Boards
number
a
.of
;
^
holds
.deducting
corporation which, doubled the number of shares of common stocx
stock
outstanding. The*additional shares-were distributed on April 2, 1945,
to
-
also
amounted
tne
the
^:% ■:' 1944 "
33,265,050
——.—.—a_a__——10,698,150
——_a_—44,322,928
_________A—-_-—„A_'
163,
the_main
Pennroad Corp.—Annual Report—
'
t
expenses
rebuilding
Paid-in surplus <wi
Earned surplus —:
$i-preferred
1)1
of
in
outstanding
.Contributionship, for the Insurance of Houses from. Loss by Fire, and
.the. Bell Telephone Co. of Pennsylvania. He also Is a trustee of the
Drexel Institute of Technology.—V. 163, p. 784.
possible.
Panhandle Eastern Pipe Line Co.—Annual
—a—1,330,602
stock' ($12.50
now
.../■■
Insurances
of
122,749,671 111,404,315
bonuses———_a___a__w_—
sales
declared
Federal
stock
^
the
West
for
.
w**
and
thereby will be used
expected
issuance
.•
on
Shepard H. Spies has been elected to the board of directors to fill
occasioned by the resignation of Frederick Miller.—V. 162,
3079.
•
"
See
2,661,204
■$>,*$
4,396,453
—
and
property,
Dividend
i
payable
wages
{i
nv
meeting
Roberts
Parker*WoIverine Co.—Consolidation Ratified—
LIABILITIES—
Accounts
the
Canal Co;,
always
companies in exact alphabetical
However, they are always as near alphabetical
arrange
while
.
pUr-
eacn
,
the vacancy
p.
5,322,408
equity suit,
AO!,:.
on
Investments and other
to
.
stock, for
,
1
Inventories,' atf
-
common
„
701,183,163
Panhandle Producing: & Refining Co., Inc.—New Dir;
and
proceeds from settlement
of
m4-4b_
accounts
"i-.-.'.lrVxVMnra
stockholders
common
of
Penn Mutual Life Insurance Co.-—New
.
9,478,297
$3.06
manufacturing plants
-a-a,
Notes and
share
one
Insurance Co.
to
position
•
20,846
8,135,356
5,322,408.
2,661,204
2,661.204
hand—
Time deposits, with insurance
companies^_____
C. S. Treasury
s.
notes, tax sertes, due 1944-45—
series,
•
is
r
the
61,180
CONSOLIDATED BALANCE
SHEETj DEC. 31
Cash in banks and
-
the
.
t
The offerings will
xne
oiieinigo
wu,
by Morgan Stanley
27,978,076
785,409
>
depreciation
-
16,110,564
41,719,486
734.816.281
NOTE-—For
28r289,804
25,372,615
28,763,486
1,580.950
1,663,137
1,409,363
4.343.800
4,338,100
4.387,400
13,545,200 £11,216,400 £13,406.400
6.653,010
Dec. 31-
£Inclu<Jes $2,872,128
ASSETS—
due—
a—
possible
651,512
amortization
leased equipment:
1945, $3,107,170; 1944,
$3,701,420 and 1945, $3,712,791. ȣ After deduction of credits
for debt retirement
of $1,323,000
in 1943, and post-war .refund of
$1,245,600 in-1944 and
$166,600 in
3943.
)
2,896,855
serves
.7,431
•
19,183
8,793,807
at
of
b
rights, to
preferred stock and that the new
board of directors, which will then be elected, will make the call Of'
£he $1.40 preferred stock effective.
May 15, the first dividend date
Mr.
.
share—.
per
rVl "Including
extend
eompany
preferred
annual
permit
,
of
it
and
•
and
No. of shares outstand.
the
80,000 sxmrea
shares
The
7,795,881
-V. 163. p. 1032.
—
profits
..
.
1,590,903
1,746
•
rV " '•'•/ '•••
V
y
Total income
1——
Payts. to service retirement
trust—
Federal income tax and
.surtax
excess
i/jr
u
by a new
stock
to
opportunity
A Isaac W. Roberts, President of the National Association of Mutual
Savings Banks^ and President and Manager of The Philadelphia Savings
*riK*pp
Fund Society,' has been elected a trustee nf the Penn Mutual Life
of
liabilities not
^,-'^20,543.
588,500
:
Federal
24,300,000
40,104
"19,686
——
^
State
stock
aww
an
|hereafterA;':%fc.v!!^
42,745,543
11,866,729
!
Net profit
Other Income
•'/'V"//":v'\
'■
54,568,01)0
the
e
'
39,374,097
accounts.—^
debentures retired-...
Premium on-:
Sundry expenses
be \offered
Unappropriated^ surplus—9,624,594
.-..1943
$
37,584,383
12,293,371
Management bonus ...——.——a
Cash discount on
sales—
; Provision for.
doubtful
=
this
Hll»
•:
10,315
42,259,393
Unamortized premium on funded debt (net)™
1,415,046
220,424
Other- deferred credits..
—a
129,238
162,054
Depreciation and amortization reserves
235,825,149 214,931,648
Contributions of^telephone plant———————
—„—
178,435
131,086,759 135,210,244
129,386,861
revs.—
debentures.
Other interest
:
value $1.40 divi-
par
dividend preferred
issued- may b» exercised
in
tnc
purcnast;
shares at a price expected to be around $30
sh
,iount
amount
TotaMimded
Accrued
168,671,142 174,584,341 172,132,405
on
ahd admin,
$25
replace
$1
,
Mfg. profit and net
oper.
Belling,
of
to
value
shares will
par
"
to
funds
funds'-. obtained
82,000,000
-
1944
fh$
the
e
82,000,000
.
at
1945
Net sales,,
royalties, oefce., oper. revs.
>pQ§toOt sale&i(royalties
paid, pat-.
intended
whe)
when
i
Am
Advances from Am. Tel. & Tel. CO/---——
ll.yUU.UUU
Notes sold tot trustee of pension, fund—
\:r. Advance billings for service and customers' de¬
posits
1a_——:
;—...
a—
3,206,798
Accounts payable and other current liabilities24,212,425
Matured long-term .debtL:.^-.^.—!._—_iUA^.AA_,'
3,535,861
cash'
CONSOLIDATED INCOME
STATEMENT, YEARS ENDED DEC. 31
.-•*-
;hts
rights
246,125,000 246,125,000
Preferred stock'(par $100).
Otveus-lilinois Glass Co.—Annual
Report—
,vi:
.
of t
common
mmon
tommdn stoclTf'^par $100).——.—aL..
'
tl945,
officer
of
!
'
from
ares'
LIABlLITIES?r-
$46,510,897 $50,914,291
or
<• a.
-
—
is not
$75,627;
for new preferred stock on a share
Ip addition to the new preferred shares to be issued.
share basis.
is
is
$25
of preferred
80% of their'holdings
exchange
tor.
shares
100,000
It
owners
——
—
31, 1945,
acquisition of
charges,
-
unpaid, $140,000; State, local and miscellaneous Federal
Federal inoome and excesi profits taxes, $2,019,433;
issue
—
Oct.
f
dend
.
at
deferred
} Stockholders are being informed of the company's intention to call
.
—
on
other
$386,703;
——
•$5,758,882
$113,220;
—
—
dividends
1945
ferred Stockholders—'
.
—
Total
covered
•
•
•
.
;
Peninsular Telephone Co.—Common Stockholders to.
Receive Rights—Exchange Offer to be Made to Pre¬
—
———
.
facilities
...
$46,510,891 $50,914,291;
LIABILITIES—
Accounts payable and
accrued expenses
Dividend declared on
$4,784,774 $4,844,275-V Cash
——
3,266,886
3,698,896
common stock
Special deposits.———a'aa
Provision for renegotiation
401,245
3,947,499
.422,128
of war
contracts—
Provision for taxes on
—L—
Working funds.AAA—_a.Ia_!.^!!!!»._^-a_—.. 185,826
126,3655,538!674income
Res. for con. under
Notes receivable___—A——
1,611,571
'
330
426.
4,328,340'
war
con., postwar adj. etc.
Accounts receivable
Other reserves
1,500,000
29,216,533
24,880,513,
1,500,000r
equivalent to reduction in
1942
Inc. taxes,
Material and supplies—
:
7,505,472
6,083,231
resulting from losses on Can. sub.)
4Va% cumulative
1,200,000
Prepayments
!
4,498,439
4,473,753
1,209,000.
preferred stock (par
$100)
Common stock
8,200,000
Post-war refunds, of. exepss* profits t|»xes-x_._.—.'
8,200,000
2,823,879
.'
(822,093 no par)
17,406,588
Pisqpuht oni;:capital stock-.:.—
'
•Surplus—Paid-in'
4,817,811' ■¥ 4,817,811
17,402,922
Other deferred charges——a..!
! 384,499'
Earned surplus
3,564.621
-_I.aL_a—'. •! 1,493,967'
3.564.621,
8,263,098
t,Treasury common stock
7.758.8T82
;■ Total
Dr42l,Q00
Ur423,423
..334,816,281 701,183,163
—
......
the
of
ail
:
interest, $234,454; long-term debt called for redemption (inch!; premium and interest), $1,481,471; ncn-current prior years' Federal
income.and .excess, profits
taxes, $1,805,503; other deferred liabilities,
$7,262; reserve for depreciation, depletion and amortization of property,
plant and equipment, $22,410,030; reserve for
contingencies, $846,171;
reserve
for
injuries and damages, $260,000; contributions in aid of,
construction, $105,454; total, $127,630,156.—V. 163, p. 467.
1944
^
of
a;;.
BALANCE SHEET, DEC. 31,
amortization,
accrued
31*
1945
7,688,760
!
LIABILITIES—Common stock (1,620,000 shares, no par), $20,250,000;
paid-in surplus, $280,000; earned
surplus since Dec. 31, 1935, $16,036,728; 4% vcumulative preferred stock
(par $100), $14,000,000; long¬
-term
debt,
$46,250,000; accounts payable, $1,116,947; dividends de¬
to offset such, tax reductions were charged to miscellaneous
deductions from income and. the residue was charged to surplus.
CONSOLIDATED BALANCE SHEET, DEC.
1945
,
,
sufficient
^ ASSETS
§£
of
process
Portions of those items
710,174,
in
icou„u,(
l total, $127,630,156.' ^:^.
as
through debt retirement.
profits taxes by $3,241,947 in that year.
||i§
-
construction program.
taxesjor^
income
$5,250,000; .accounts receivable
(after reserve of $158,173),
$2,473,815; materials and supplies at average cost, $1,522,371; prepaid
accounts, $196,709; capital stock expense, $51,580; rate case expense in
were,'
for
1945 expansion
income
,
gations,
lor
,
JPremiums and expenses incident to debt retirements in-1945
•
company's
Federal
ASSETS—Property, plant and equipment (at original cost), $113,304,476; gas sales and purchase contracts, in process of amortization,
$337,619; other Intangibles, $256,902; cash in banks and working,
funds, $2,25B,278; special deposits, $1,791,559; U. S. Government obli¬
$6.69.
for 1944 and
for 19M arm $764,255
companies consider that
and
the
for
in,^taxable
necessity,
for-employees'r^service $5,044,012 am°UIlled t0{
pensions
for 1944 and
for
i943, o
-I'.f'.p.
provision
reduction
•
.
net
election to claim amortization
by the certificate of
$6,428,199
expenses
•
21,382,012
preferred stock_.__.__
common
on
credits^and all of their 1943 credits
excess
——
—
15,000
.
255,667
the
tThe provisions for. excess, profits taxes for 1944 and 1943 are after
of the total excess profits tax credits of
$2,646,212 and
$2,332,400, respectively.
The companies used $207,934 of their 1944
18,168,495
355,680
1
816" 150
dividends—!.
4%
cumul.'pfd. stock
The
1,654,450
21,600,502
Commission.) The
2,985,905
1,969,393
r
790,104
preferred
estimated cost of
y 1,773,460
'989,638
(net)
-
in fact,
operating
SUCh.'!;>':-.
A'
*900,901-
55>^4
8,545,013
B
Treasury Department, it is estimated that this retroactive amendment
may have the effect of reducing Federal taxes for the
year 1943 by as
as $400,000.
v :
tCompany has a certificate of necessity dated Feb. 16, 1945, issued
by the War Production Board, covering
approximately $2,800,000 of the
16,132,671
-a—_Cr493,l74
fund.* debt
Ann
1944
332,457
equipment, net —-———
designs, trade-marks and
$4,340,620
much
$709,912
which amounts'$732,480 in 1945, $709,912
4,580,000
'
Plant and
+io'l22 815
U0.J2MS
deduction
——
$6,204,523
$5,075,253
3,240,000
2,430.000
1,618,417
"After post-war refunds. ' tProvision for income
and excess profits
taxes for the year 1943 does not
give effect to retroactive relief granted
by the Revenue Act of 1943, enacted Feb.
25, 1944, from excess profits
taxes on income attributable to
excess output.
Pending review by the
1943 were char8ed to miscellaneous deductions from income in accord
v«ducti^#ahce wi^h accountin8 requirements of the Federal Communications
720,721.
4,102,357
1,586,992
734,634
$7,676,005
a---————-
5.60%' preferred stock
Common dividends
in '
$792 051
6,891,086
——-——
on
tfi 957 045
$b,HO(,uaD
$6,575,638 $13,554,982
cost
contr.
Inventories
Prepaid expenses and
deferred "charges—
Total
"The
335,196
(>
1945
con.
income
Dividends
'$5,26
1945
1,006,563
income
Class
19,322,357
17,006,004
1,705,880
920,662
839.490
-
21,765,853
4,492,143
Net
SHEET, OCT. 31
-aa—.Ua—
8, Government
obligations,
Dominion of Canada
bonds, at
Trade. receivables (after
&
23,647,765
^Earned per common share—c.
:f
973,613
on
from income
64,660
983,979
—
U.
on
Dividends
Net
-«*•<*'>•»
6,150
$1.63
COMPARABLE BALANCE
Recelv.
'■
+Aft""
1943. tAfter credit nf $83,000 for doh?
of tfl-jnnn fnr debt reduction
fAfter
deducting accelerated amortization of
emergency facil¬
prior years
($169,267) less applicable Federal tax reduction.
for
Cash
;',V-
$1,735,140 .$1,761,593
802.633
ASSETS—
.
'
•
Provisions of $1,319,349
hok
$804,806 in
Dividends
934,659
17,825,790
Release of prem. on
.1,200,OOQ*
t750,000
87.619 f
802.471
———
..
13,695,081
1,088,735
Si'SS'S} *10,331,354
taxes—
taxeit—10,268,844 +in,^7'354
"Misc. deductions
$3,026,193 '
369,000
share
'
15,956,952
Interest
$1,675,637
———
—
a_—
—
44,183,826
oafi.503
24,096,503'
38,531,377
pn funded debt-—
Other., interest_^_A_—,—
99,685 '
.
$7,211,086
deductions!
oa
24,685,674
and social security-—:1————
v
Dividends
outstanding
Earnings
':
128,465
.
$3,558,273
unA
revenues
,
Other income_1a;—
$2,926,507
1
T-rr--
Common dividends
Common shares
Net operating
/"y Net operating Jncome__T——.
$3,092,788
a—
$8,649,618
.
£25,269,438
*
•
i:: Profit for the
year
Preferred dividends
exps.—-
revenue-
•
Federal excess profits taxes—.—_
Other taxes, principally State, local
,
'
$58,554,020 $43,321,896 $30,864,080
55,461,232
39,892,088
27,937,572
exp.
i Profits from
operations,
Other. lntome
(net) a_
:
1944
operating
interest
——-
I
-
sales
expenses——_—aaaa_
rents...—I—a—-a-
,
and misc.
Federal income
INCOME ACCOUNT,
Net
,
•Net
Total
19,024,713
1,370,571
expenses—
1943
.
—
25,852,283
54,516,005
expense—
1944
revenues..—_
$24,002,101 $23,791,354 $17,940,334
7,505,605
6,469,345
5,177,105
Maintenance
—a-----——1,146,158
1,033,536
586,327
Deprec., deplet. and amortization—
3,345,089
3,159,742
2,856,627
Amort, of gas sales .& purch contrs.
354,911
340,258
343,373
State, local and misc. Fed. taxes_w
1,000,720
1,006,599
851,649
Federal income taxes—
12,000,000
11,925,000
2,745,788
•Federal excess profits tax (net)—.
tl, 125,000
1,825,000
1943
1
*
222,163,042 204,489,764
^ 563,000 : • 507,000
711,774
_
immediately and has progressed at a rapid pace. The
agencies involved have been
cooperative, fair and efficient,
result that the
cancellations have
financial, burden,
duction.
*
«
*£870,038 22W00.042 203«J,4
-
with
>.
249,581,862
Total operating revenue.
hirrent maintenance——.
Current maintenance
accordingly
company's uncompleted war, contracts fol¬
Day. Work on the settlement of termination
began
1944
operating
Operation
131,179,676 120,712,144 114,032,056
39,735,931. 94,965,334
109,735,931. "94,965,334
85,144,663
8,666,255 • 6,485,565
5,313,045
revenues—
STATEMENT, YEARS ENDED DEC. 31
1945
Total
.'•.•#
1945
•,
revenues
Government
the
CONSOLIDATED INCOME
Report
STATEMENT
t'r.-'
revenues,--—
Uncollectible operating
the
V-J
;'
'
'
service
Miscellaneous
net
'
service;
Total
Although
company.
excessive
INCOME
established
reserves
by the
Local
renegotiation for the 1945 fiscal year is not
presently
in the opinion of the
company the profits from its re-
determinable,
•
1944 has been
did not exceed
paid
therefor when its business
'•>;,•
""""
The renegotiation of
profits of the^ company on war. contracts for<!
the year ended Oct.
31, 1944, has been completed and no refund was
require^. The renegotiation of the profits' on war contracts of Cleveland «.
•
:v
CONSOLIDATED
=
Court
of
the settlement, a suit also is pending in the U. S. Circuit
Appeals for the Third Circuit to enjoin the carrying out
agreement (the complaining shareholders in this case
•of the settlement
having lost
\
It
is
in
also of
shareholders
is
the
District
interest
to
pending
Court
note
the District of
for
that
against
an
the
action
Railroad
by
Delaware).
Pennsylvania
Company
and
RR.
this
'
Monday,-March 4, 1946
CHRONICLE
COMMERCIAL ft FINANCIAL
THE
H64
(COMPANY ONLY)
'ALANCE SHEET, DEC. 31
'
the Pennsylvania RR. from consummating the
settlement on the ground taat the settlement U unfair to Pennsyl- .
vania
RR.
shareholders.
This case also was lost by the piaintin
in the lower court and now is on appeal to_ the U. S. Ciicuit Court
of Appeals for the Third Circuit.
v'-'X1. X XX.
'
.
General
taxes—
——
Extraord? legal exps.-—
income
Federal
income
"Net
Dividends
—
Earnings
2,229
v
$1,934,728
1,634,325
Accrued
A. bonds-see
S.
of
common
163;-
v.r
317.,
Pi'
x :
,
Years Ended
Harbor
Corp
Power
Interchange pow.
Other
from
Water
X—X:
(net)L
exps
oper.
Int.
income
debt
of
Amort.
1,100,024
1,040,810
$2,613,215
.442,167 >.S 424,253
$2,576,843
•ff'412,549
$3,037,468
$2,989,392
;
693,834
,
354,225
687,058
y 'A;
680,449
.27,979
700,524
163,288
12,262
,
$2,225,980
$2,114,698
$5 cum. pfd.
X_XX——XX'
on
common
stock
1,719,392
for the year-
$460,694
;
$332,213
$287,841
Earnings
$4.66
share on
stock-—
'
$5.07
.
profits' taxes-
securities
—r,
'..l-——
___—
Int.
—
deposittsftii
!—
I
661.214
—
stock
stock i____
Refunding and collat. 3(4%
Accounts payable X---,—
{Preferred
accrued
Taxes
Depreciation
Other
Earned
surplus
Total
:
:
sales
nur"
revenues.
,
Federal
X
191,588
28,939
265,293
"174,671
•
154,855
656,000
656,000
$4.67
$5.62
share-^—
per
Other
*
*
service—
customers'
;•
:
3
In
sales
gas
cess
ONLY)
1943
1942 V
$36,533,187 $39,283,087
oper'.. revenues!—
$11,072,394
—
purchased from—
Pipeline Co;-of America___-—__
Other companies—
produced——
Gas
Operation
,-J
'
|
*v
'
,
,;
(l1
r
.
.
<?. '
762,150
$1,306,299
income
Gross
income
—'
T
$1,576,061
709,400
share
'
——
earnings on capital stock—:-
—
(Including Subsidiary Companies).
'
.)
"V^"-
Investments
„
Cash
profits
tax
3,697,222
3,902,344
2,042,754
4,362,935
——
{Accounts,
U.
S.
S.
receivable—
supplies
—
i_LX—'
I
Treasury bills—.—
Treasury notes
—
3,456,017
1,913,008
20,632,196
ki
7
r; r
Accounts payable
Accrued
interest—
Long-term
Dividends
ma¬
(par $100)
226,875
l.on* *»R3
*566,622
656,000
328,702
656,000
380,501
14,161,223
L
$3,767,160
$5.38
and
,
'
$4.51
cancellation
_—__
38,020,1991,433,970
t_—„L200.000
pensions
Capital
94,487
of
■
surplus—*—y————t...'
53,562
155,272
36,973,876
1,327,735
1,200,000
"
*53,562
....XXu.—14,596,499
13,296,109
200,926,653
197,202,128
non-callable
Total
656,000
$6.02
bonds.
+After reserve
for uncollectible accounts.
231.
ject to refund.-rV. 163, p.
N,
*
.
,
:
,
180,108
1,747,179
1,350,000
415,963
:
11,053
801
600,000
774,539
269,282
11,128
91,942
19,314
2,846
——_—»—
Total
—
——————X_—$11,373,797 $10,042,581
p
"
LIABILITIES—
'
" '
' ;
convertible preferred stk. ($25 par)
$2,080,025
—_7
stock ($1 par)—.;_X_X—
'
62.520X
—
Class B common stock ($1 par)-——83,201
2,229,978
Common stock
(new—278,747 shs„ $8 pan
-—X-
Cumulative
Class
1st
A common
mtge.
bonds, 5% series
1961
payable ——
(Texas Public Ser-
3,695,750
194,110
Customers' deposits —;———_——/—X——
284,711
Taxes
accrued
U—-»
465,594
Interest accruedX
48,892
Other current and accrued liabilities-————'
15.033
Deferred credits
—-—- . /
60,654
Co.),
vice
Accounts
——
_.—
Reserves:
■
Depreciation of utility plant—X1
Utility plant acquisition adjustments
Uncollectible accounts
.X—
1,414,012
640.396
——-
.Capital surplus.
Earned
surplus
:
Total
,
J
33,305
6(108
186.647
> i ;; -48.252
.-.ij-tX
——532,854
L~——-X———-X—-X—a'-. 1,521,733
Injuries and damages—XX
Adjustment of assets acquired in reorganb—
Reorganization and recapitalization .expenses
{Credit deposits, held sub¬
,
25,000
180,108
11,053
: r
801
6?«
receivable—XX-X-^v-—:11,128,
Materials and supplies.^.-—
, %t;
91,942
Prepayments
L_—:—XX
19,314
Deferred debits
2,846
\
•
1
25,000
interest
Accrued
at
$7,640,605
,
Accounts
"Pro formed
(
,
par)—XX—
no
cash deposits———X—_—i——24.539
receivable
(—* '
269,282
Special
1945
as
$7,640,605
note, due Jan. 1, 19G1——
Accrued Interest receivable- (contra,
Miscellaneous investments, at cost or less—^—
Cash in banks and on hand__X—A—/ V:
U. S. Government securities (at costA
$3,948,925
656,000
$5.74
656,000
656,000
■—
for
1
acquisition
liabilities
reserves
Earned surplus—
of public—
Earnings per share——£
16,852,878
X——i—148,065
Reserve
CTT.759,721
$2,963,094
*
——
reserve
Miscellaneous
ex¬
65,600,000
61,000,000
'502,864
—•
Depreciation
93,634
.
86,959
taxes
current
;V".
i p4o qrs
——■—"
payable—
Miscellaneous
in connec. with
,
—
{Customers' gas service.^.:
Accrued
174,155
■■■.'■?
65,600.000
debt———l—.59,606,000
1,071,438
2,443,548
■
<250 shares,
stock
1st mortgage
200,926,653 197,202,128
————
■'
Capital-stock
$6,661,115
income—- $3,532,053
AT DEC. 31.
(including intangibles)———
wholly owned subsidiary (at cost):
Public Service Farm Co.—
Capital
'
X
$5,438,872
1,222,242
164,935
Investm't in
.
':■? LIABILITIES—
258,607178,877
year————$1,521,733
Dec. 31,'45 Dec. 31.'45
plant
X Texas
10,150,000
-5,420,000
1,413,885
(at
Totals——
1,164,152
8,333
-
—
as at'.'
5,887,187
3,535,536
1,864.629
5,812,056
——l
3,786,061
1,396,000
6,962,990
profits tax—___
h
post-war
cost)_———Xi—' -i—
Prepaid taxes, insurance, etc.——
1—; 1,392,127
—
1944
refund—1,308.995
Special deposits
-—-i———575,563
- 189,077
Deferred charges—V .
66,793
117,233
Excess
2,799,996
bonds—
-
liquidation of California' P." S.' Co.—
ASSETS—
L..
;
2,836,697
22,206
.
159,302,040 159,542,523
7,776,851 • 7,773,063
2,826,313
2,430,455
in haiuis
j
;.v
U.
2,058,153
on
Light and. powct" Co. and Wholly Owned Subsidiary (Texas
Publffc Service Co,)]
'
\
)/;
V "
Consol. 0* "Consoi. .:
t Peoples
Utility
'
,
,
*$
'ASSETS—
Plant, property and equipment—.—--s.——
■
208,159
surplus beginning, of year—i
■rS
$917,276
' x $1.39
^ ) CONSOLIDATED , BALANCE SHEET, DEC. 31
;
.
..
$349,249
X—X-i
Income^
V Balance surplus end of
;
■
662,591
$866,661
$1.33
deductions^—
income————
Net
VriU •'!((' f
i UUP i
$557,408
CONSOLIDATED BALANCE SHEET AS
$1,579,867
—
.
deductions
269,660
Materials and
'$5,313,317
•
$1,310,207
269,762
-
r——
'
;
3,
Additional gain
.2,048,615
..'.I—
——-X
income—
income.
ifi—:4H98^374
I
—X_!i'.''-"v $50l',722
income.*—X-X-—-.Li—55,686
Earned
.
750,320
■—
Operating
Net
382,907
1,403,766.
—
-
'
*
'
Zurtax__XiXI-.i;XiLXwXS--Xl'^»wCi245;000
901,818
395,087
profits tax—
Other
adjustment-__^XUl/l-----,.i1'>l'
acquisition
and
normal tax
'('Gross Income/--.
901,810
miscellaneous Federal taxes—
Federal income tax——:
Excess
————A_———XliX- ^2;Tl3,«20 s
—
——i——;———
32M64
—
local; and
State,
20,176'..
^22,539 ■
Operating' income
.1,940,122
707,519
117,227
H
365,637
1.286.703
$4,902,63(j)~ $4,824,248
1,149,208
1,173,899
52,390
————
Federal
2,616,282
*.
Depreciation
$2,620,464'■
MaintenanceX»*.X-XiXX-):fvXr*^X^r'^)-X«XX^l^li?A*l0 .<196,192
"Depreciation
9.'^- ,4b'D846:-;':
2,554,268:
324,294
.'
432,404
•
'.
* *
^
f
;
..
•
,
Total
1945
and Wholly Owned Subsidiary '(Texks
Co.
Power
Water:
"Operation
$10,969,423
.
—
—
Maintenance
9r250,743
1,712,500
and
—X~X-
Income
2,384,989
417,369
519,001
1,054,413
cancelled—
"
85,811,662'
34,723,070
$10,941,361 $10,852,950
131,033
v 116,472
———
1,166,526
5,261,500
Light
YEAR ENDED DEC. 31,
Electric
224,726,988 226,765,162
i.u.
8,813,460
$6,384,755
from
"
'
rendered service in connection. with the corporate,
systera;^^:4ncluding; the plan 'of^reorganization, - This,
has been entirely satisfactory and no change is con-
General taxes
Natural Gas
10,040,687
2,464,110
"Arising
is now
'
-
8,473,793
Miseell.Mneume deducts.
Net
'
.
utility operating companies In the Peoples' system
subject) to cancellation on 30 days' notice by) either
,J Ice
Gas
•
$5,998,147
Shares of stk.
COMPANY—Company
'
2,143,957
Fed.
of
120 days! but not •')
the new common
Public service Co.)J
Other,
6,146,295
(& Subs.)—An¬
^
}
,
purpose
Texas,
Operating revenues;
107,053,675 106,230.430
——
sales revenue.,
service revenues————
gas
Other gas
171,382
23,536
80,872
1
$6,051,843
in
;
Gas.
1944
H, 130,531
1,460,743
income——
of
w
the
of
[Peoples
$6.10
'.
—-
—
—
therms
,
Total
8,463,859
257,254
debt-
issuance
,,
*
farm
Amortization of plant
456,714
income——
"Reduction
„
OF DIRECTORS—For the
CONSOLIDATED INCOME STATEMENT,
656.000
;;
80,502,323
37,170,990
:
1,303,664
2,879,782
income———
Expense
,
'
-
'
has
arrangement
QUARTERS ENDED DEC. 31
3,788,765
to
and
affairs
*.
utilities—U—:
gas
Total
miscell.
int.
public
contracts
cancellation of non-callable bonds.
STATEMENT,
7,158,644
1,453,700
and
'
656^000
$5.47
public
Interruptible service—^.
-
turity ot> bonds reacq.
and
the
under
"""w4
$3,685,888 ) $4,002,602
$3,064,877.
Deferred credits--—
Prem.
its
hands
in
9,485,462
——
long-term
<
and warehouse for the storage of rice in
• The
company is required by the order of V
approving the plan to dispose of its LaGrange properties,,
interest in
the farm busines-s, but may retain subsurface:'''
rice
a
County,
SEC
209,277
87,623
209,277
^
**
1945.
$51,717,660 $51,333,754
492,623
*
6,767,400
on
V'*, ''Jit v*
7,104,499
1,133,597
taxes—
Gross
Int.
\
<
company
party
;
$3,587,908
stk.
of
General
—
$39,832,553
taxes—
Operating
Other
the
-
•
Gas sales in therms;.
172,187
:
$38,685,763 $37,638,031 $37,014,279
profits taxes-
Excess
,
,
and
and
'
13,137
549,466
;
income
'
•
.
BUSINESS OF THE
AND
operating
vised
Arising from acquisition and
;
34,131
481,092
526,761
—
Staie, local and
Federal
transmittal.,
NEW BOARD
OF
93,634
Crl,759,72l
CONSOLIDATED .INCOME
{Represented by 21,493
1945
1944
$38,159,003 $37,145,408
produced——,
Operation
1
174,155
2,690,769 -
^
deauets
'
6.643.611
Maint^no-n^e
Depreciation
22,206
:;y'1945
4d
•
stock.
"
Per
■
'
service revs,_
oper.
't
<
preferred' stock S16 in cash
share of
'
each
'
stockholders upon the following
-r
**
" ' 1
f
effect to the redistribution of voting power, a stockholders'
to elect a new board of directors
in accordance with the
Jefferson
ex-
companies-
'
revenue.——
gas
Total
Gaa
par).
(no
INCOME ACCOUNT (COMPANY
r
Other
—
—————
Years End. Dec. 31—
Gas
18,652''
78,245
6,298,329
•
.
429,843
nual Report—■
>
engaged in the business of purchasing, disselling natural gas in
Austin, Galveston and Port
Arthur, Texas, and five communities adjacent' ;to Port Arthur.
It
also manufactures
and sells ice, distributes electric energy at retail
and furnishes water in the City of La Grange, Texas.
It also owns
Texas
Public
Service
Farm
Co.,
a
Texas corporation, owning
and
141,330
203,793
Peoples Gas Light & Coke Co.
(The)
of
6nn. 331
——_—_—
shares
(no par).—V. 162, p. 2398.
shares
Fed.
Income
Net
Earnings
308,000
———
by
in
inc.
Shares
1,523,446
debt_^——
on
_r—
tRcpresented
of
common
new
..v,
Vs of a share of new, common1 stcclc.;
tribuiing
3,700.000
308,000
^ 8,976,358
;——
' 243,964.
retirement
for
common
templated.
'
169,722
liabilities-.
annuities
accrued
Reserve
and
<<
holders
PROPERTY
an
$7,164,366
bonds__k.
of
subsid.
Miscell.
1,650,956
:
—.
__—
bonds
interest on
Accrued
:
$6,151,576
1,012,790
2,058,153
117,227'
—
of "intangibles
Amortiz.
795,318
456,714"
reserve
,
$6,686,372
2,614.147
371.438
i-i.,,--X,"——1,439,674
due within yean:
Unamortized premium
new
in connection with
Total
*'>
——
-
—
970,163
;
2,641,560
2,203,107
,;',y: cess profits tax—a
$10,868,313 $10,868,313
—-.——;—)
2,130,896 ?; 2.130,896
trust bonds,——i 20,525,000 20,731,000
Dividends"payable
Long-term debt
meeting
$51,717,660 $51,333,754
long-term debt———,——
on
.
$6,464,762;
$6,202,475
issuance
''
LIABILITIES—
accrued
:—
income
"Reduction
expense—X'v'—- K>;'43,610
and
discount
Total X——
Biterest
1,036,904
long-term debtmatur-
on
Exp.
5,165,842
'
!
tiovernmfent"securities-—-——————
4,000,000
and dividends receivable
—157,964
Prepayments iX-i—
—L———L-L——''JX 61,668
Other deferrecP^iargesj——r ){:
18,899
tCommon
of
procedure provided in the plan will be held within
less than 60 days alter the distribution of 75% of
■
Interest
debt
v
Prem. and int. to
$38,727,611
U. S.
Unamortized
; :
;
t'
the holders of each share of class A common stock
(ortrust ; certificates'therefor)
and each share of class B coffi-'
giving
1944
„
393,553
5,265,842
627,267
1,707,462
———?-
—
Account's receivable
Cash Jj-J.
Jl'-——^
Special
1945
$38,823,790
——
suuolies
and
>
To
operating
SHEET, DEC. 31,-^^-y\+^V,
^
accounts
Eavestmeht
$5,716,208
$5,401,465
1,063,297
$5,165,570
income-
,.
v;
assets—
Materials
Jan. 1, 1936.
Company
whereby its name is
plan provides that cash and cercommon stock
of the company shall be
*
panted by the fetter of^
,,
Other income—
$4.92
.
!
CONSOLIDATED BALANCE
Property
of
as
incorporation
r—
$399,123
$4.77
of
;
•
j>er
common
dated
mortgage
certificate
preferred
*
ELECTION
operl revenues- $44,157,007 $43,088,396 $42,782,323 $44,881,517
14,121,398
12,086,689
11,805,581
purchased——— .,11,294,351
663,861
1,460,743
1,133,597 \ 1,054,413
produced—
9.018,176
9,355,131
8,036,083 •8,700,165
Opcration
i\.
1,311,537
1,189,931
1,331,912
1,155,0.93
Maintenance
3,004,736
3,026,914
3,052,253 * 3,008,580
Depreciation
State, local and miscell.
4,031,370
3,809,301
3,874,302 ' 3,876,967
Federal taxes-.
;
1,309,680 :.v 2,161; 161
1,620,939
1,507,512
Federal income
taxes-4,417,703
5.389,022
7,001,305
7,163,519
Excess
•
Balance
of
its
Holder of the present preferred stock/ class A common stock (or.
.therefor)'; and .class B common stock may obtain the cash
and/or new common stock to which they are entitled under the plan
by the surrender of their certificates to Pennsylvania Co. for Insur¬
ances
on
Lives and Granting (Annuities, Philadelphia 1, Pa., accom-
1,719,392
:
the
has
v.t.c.
Total
»
yiv'
of
Delaware,
i
356,652'
182,366
to
<
ymon stock
1942
$43,974,807
481,682
550,057
499,078
as
shares
for
shares of
((2)
Gas
107,465
107)465
1,719,392
107,465
1,719,392
107,465
526,987
>
of
DISTRIBUTION—The
OF
1.
3
and
$42,118,373
subsid.
by non-utility
of
on
$43,630,020 $42,589,318
w
5
orders
with
District
the
delivery,
Texas Public Service Co.,
and1 its capital stocks have
reclassified into 278,748 shares of common stock (par $8),.
voting
1943
for
ready
to
S?Vtl)'-To the
197,037,878 193,608,376
Sub-
1944
dated
ameded
distributed
tCredit deposits held
for
1935 ;
com¬
common
now
accordance
in
Court
Company Act of
stock of the
Holding
new
are
5%
indenture
...basis^
(INCL. SUBSIDIARY COS.)
V"
-
and
plan
assumed
tificates
13,077,348
sales
from
profit,
Gross
Cr 1,210
:
18,602
$2,159,070
V;-, V 1945
revs—
P'i; ity bonds—
1
/
"
$2,287,551
Stock
the
27
property
BASIS
482,885
$3,100,844
Cr 1,134
Crl40
42,048
revenues
Other gas service
Operating
$2,617,959
V
163,394
163,502
Cr280
incomexX—XX
of name Texas '
amended plan :
change
by
and assets of its subsidiary, Texas Public 1
all its liabilities, including $3,695,750 first
series, due Jan. 1,
1961, by a supplemental
,.yv y; >;■
of Jan. 1, 1945, supplementing and modifying the
the
also
been
'
ACCOUNT
INCOME
CONSOLIDATED
416,919
.
■
32,776
XX X,-;.);:X
'
53,562
14.337,774
—_
for uncollectible accounts,
reserve
Gross
$2,042,545
V
^
Consummation of the >
Feb.
on
Utility
the
District
S.
bonds,
changed
Gas
1,243,699
317,249 It1 ■1|: 334,126
$2,600,378
<fc exps. (net)charged to constr.
Misc.
inc.
deducts.——
Divs.
$6,904,824
287,688
570,874
prem.
Divs.
i
—
has
U.
*
1,462,923
Int.
Net'
i
CY933.507
debtdisct.,
long-term
1,152,477
1,200,000
53,562
Years End. Dec. 31—
,
1049
1,453,212
572,365
■
574,245
—
that
cash
the
under
and
existing
•
Cr623,867
i
income—
on
--Earns."
305,328
1,211,694
taxes
Gross
1,258,813
1,200,000
Operating
1,149,158
Cr501,766
1,325,250
568,805
t
Operatingi ncome x—
Other
reserves—xx^~—--X—L—_
pensions-—-Xxx—XxxX-
surplus
Earned
f
1,206,366
1,568.634
profits tax-x-X
Other
Subs.)
$6,643,075
"
Deprecia tionXXLJX-*/
Federal income and ex¬
cess.
reserveXX—XxlXlX'XXX
34,545,407
.surplus—x—X-XXlXxXX-xx
Capital
304.%'-
1.214,554
Cr8l2,134
—
(now
company
Public
the
and
all
indenture
155,272
jeet to refund.
,'x... ,,vx;
$7,148,669
346,365
359,838
■
the
announces
Co.,
mortgage
380,501
35.416,273
the
and
acquired
13,784,781
148,065
of
11(e)
effective
Service
656,000
656,000
,—X—
XL*
229 taxes
ig43
1,231,772
—
16|, p. 3079.
REORGANIZATION—Company,
1,239,106
537,047
328,702
for
"After
—
purchased
Safe
x.
,v.,
1944
$7,051,676
;
Co.)
distributable
SEC
"
502,864
.taxes——XX—X-Xw_-X——.,
current liabilities--.
•
Reserve
$39,657 234,
Power Co. (&
1945 ■'-7.
Dec. 31—
Operating
Power
;
.
Pennsylvania Water &
Maintenance
.allow,,;
of 2,500000 sharM
total, $47,627,625.
1,-1939, $3,075,448; cost
stock held in treasury, Br$9,514,394,
surplus since Jan.
earned
86,959
1,525,916
serviceXX-*—-X
gas
Miscellaneous
$9,250; total; $47,627,625..
payable <$5,000,000 ofX*hi®Jh,Jre45s^g"fa3^J
contra), $6,000,000;, interest payable, $5
accrued,
$94,813;' taxes withheld on salaries
$9,295; common stock (par $1), $8.300,000;: capital surplus
U.
Service
became
61,000,000
U. ; 226,875
t
of $29,651),
LIABILITIES—Notes
of
management
Section
65,600,000
59,606,000
Miscellaneous
n,
and fi*Jures (after
65,600,000
16.376,949
ICustomers'
Depreciation
1945.
DEC. 31,
$71,970; furniture
accrued income,
as
Peoples Light and Power Co. dated as of Nov. 15, 1944, as amended;;?:*
filed
with
the
Securities
and
Exchange Commission
pursuant
to
pany
-
Dividend payable—.—
S'gg0.'
for-depreciation
were
each; and Dec. 27,;
20 cents
of
10,150,000
vX,
' ;
payable
interest—XL
Accounts
Accrued
(demand deposits in banks and: on ha"f ^
securities of subsidiaries, $31,958,547; other ^vestments
000,000 U. S. A. bonds pledged under notes Payable-'
C;rffprflllow. :
594 398;
V-
Long-term
'Deferred' efeditsXX—XXlX~-%X--XX»~
to'.earned surplus:
$11,0 9.
ASSETS—Cash
ance
The
Public
1,412,104
1,388.963
Capital stock ($100 par)—a———a——,.—
$0.25
$0,27
SHEET
BALANCE
GENERAL
LIABILITIES—
$1,717,104
1,700,000
$0.30
$1,636,215
1,547,125
securities credited
$486,984; 1943, $330,708, 1942,
$559,696; 1944,
Payments last year
1.
Amended Plan of Reorganization—
1,842.612
5,420,000
X—— 197,037,878 193,608,376
xxt
Total
1
'
sale of
of profit on
notes
U. S. Treasury tax
X
9,562
146,377
27,319
148,091
$0,27
share—-
per
"Exclusive
1945,
,
1.891,608
<■
.V
1,021
4,069
? 12,487
15,625
.161,290 X 185,087
101,069
/'X:
6,815
211,057
229,303
March
12 .and Sept. 12,
in arrears.—V.
'
M
$1,562,989
2,907,772
— —X
expenses
$2,227,825
$2,351,830
$1,969,793
taxes,
are
Light & Power Co.
? Peoples
3,118,436
3,118,969
X—i—X.
prepaid expenses
X———_X—.•
record
of
June
12,
Dividends
113,549
5,511,988
.
20,382.196
ooligations—
ins. and other
holders
March
cents.
25
of
to
12
follows:
188.899
66,207
5,420.830
supplies—-XL—Xa—-X—X—
Treasury
S.
U.
Prepaid
12,135
3,094
201,018
36,927
73,610
other than inc.-
Taxes,
578,103
532,735
398,337
5~?5~399
;;
:receiva-y-.--——'
"Accounts
March
1,308,995
cnarges_-.^__-.ir.,_-.,^i-T-,?-i-,_.._-i-4,»r.-.-.T.,;
r
on Feb. 26 declared a dividend of 20 cents per share '
accumulations on the Glass A stock, par $5, payable J
corporation
account
oh
9,957,864
9,917,246.
—X".
Cash
;
The
$
154,583,928
154,336,460
—_
deposits—-———XX——'
Deferred
$1,649,721
——X.
refund
prolits tax post-war
Excess
Corp.-*-Accumulated Dividendr-
Petroleum & Trading
-1944
'.s?
property and equipment
Plant,
Special
1943
1945
,
Investments', X:—X— x—-X-x-.*-s*X.X-Xrr»~-'
Materials and
$1,889,774
paid
assets—.. .;v
1942
$1,819,095
$1,571,455
228,523
income
Total
1944
1945 i
$1,661,251
.
,
received —X<Interest from
bonds &
other
accounts .—X--"
Dividends
L
,X
•
.
CALENDAR YEARS
FOR
ACCOUNT
INCOME
Interest
/.
to enjoin
corporation,
to give effect to
3,695,750
194,110
2J4.711
465,594
X 48,892
15,033
60,653
1,414.012
640,396
33,305
6,108
48~252
■556,538 <uU
'349,249 •:»t(
$11,373,797 $10,042,581
consummation of plan.—V. ,162, p. 2648.
————'
(Continued on page 1201)
b
i»a
•
■ -
Volume
Number 4469
163
THE COMMERCIAL & FINANCIAL CHRONICLE
Stock and Bond Sales
f
v.-':;:D AILY
NOTIOI-CtMi and delariwo dauvary
'•
'
'
WEEKLY
YEARLY
-
unless they are the only transactions ot the
day. No
:
'''
;
*
—
New York Stock Exchange
«»
-
in the day* »nge,
mim mn disregarded
—
1165
ac&nnt
is
taken of
snob
sales
in
eompnting
tne
range
for
tbe
year.
—
-
United States Government Securities
Below
furnish
the New York Stock
on
daily record of the transactions in Treasury and Home Owners' Loan coupon bonds
Figures after decimal point represent one or more 32d of a point.
/
week.
we
a
Dally Record of U. 8. Bond Prices
Treasury
4 Vis,
Feb. 28
,
Feb, 25
v
Feb. 20
Feb. 27
Feb. 28
Mar. 1
Daily Record of
(High
{ Low
1947-53
D.
8.
Bond
Prices
Crr».utj
Sept.,
•
100.2
Low
100.2
[Close
■
-•
100.2
Total
sales tn 51,000 units—
V
2VaS, Dec.,
5
-
■;•:*
Vis, 1946-49
0-y
Low
;;V
-J
——
•;. \y.vi ■
2V4s, 1951-53
Close
;
—
•
~
■»
1 LOW!'-.,
;
,:ii
fer
f Hlgn
■
»
4; ;X4
Holiday
:
j
Low
(Close
»'•
.
vW
'
;
r:>.::::
Close
P::,
'
■
\
r:-:v •/•-■/•
-y'
v*-
(Hlgh^
/ 2ViSt June,
1959-62._..i^.i—I Low V
'
"
[Close
.
Low
i'h
IV.'-V :
v
[Close
Total sales in ai.onn.iiinite:/
■:
High j
»%s, 1955-60-
...
.
aYc5'1956-59^.—....^.^;^. {. U«
'<*'"•
;
>•
_t
-
—
yp;,;
Low
units
*'•'••;
wt\
ii•■■W&iy fHlgb
[Close
Total sales In 51,000 units
-
5
*
6
Total sale«;ln JhOOO:
\ Low
44*4;Av
A
h
»-
>
^(High"
3s, 1951-55—
]
8
w"'-— "
■
;
$Vilj 1954-56—
44;v'A 4'X.4:4 ;x,; ,44
; * Total sales tn 41.00C units———
»y2
;
[Close i. '■•-.«
(close
Total sales In 51,000
| Low
I Close
3s, 1946-48.
aaa-aAa
•
IA
—
105.2
105.2
•
{ Low
-i'y
-jUV
105.2
104,21"
104.24
^1 Hign <;
IVis, 1952-55.,^.,;,—
.
{CloseHoliday
•••.
Total sales In $1,000 units
104.24
104.21
104.24
:
.•
yW.
104.24
104.31
.
I HigO
,
SVfaS, 1949-52—
i
[Close
'*?■■■'Total sales in 51.000 units
•
"* 4
4
—
yy-'
Total sales In S1.000 units—
Mar. 1
104.31
Total sales In $1,000 units
>!
Feb. 28
109.8
104.31
Feb. 27
109.8
(High
1 Low
1967-1972—:
;; '• '
;
:
Feb. 26
10.9.8
units
v:
,
High
3
Exchange during the current
Feb. 25
iClOoc
1967-72
Total sales In 51.000
-
(High
3Vis, 1946-56
Feb. 23
Higb
( Low
i
2l/aS,
[Close
Total sales in 11,000 units—
4
Exchange
the New York Stock
on
,
^ ^V;v..'
^
^
:.... I
,
.
Total
sales in $1,000 units—.
(Hlgn
3 Vis,
W&tt
J Low
[Close
1948-51-
«.;•
'
•
v'44
—.
103.6
103.6
[Close*
*
\
103.6
t i;/ivi"- 44,'44;
f Hign^:; 44:
•" " ---':•' •:
\ Low 44- •-A4.1-. rv-;
4'-4v:
L ••:!"
•
•[Close
tS;tTotaleaiea In .$100$ toitsi4-14L:4 i'4J,:&„■ 'y 44' >- v,
§4^4 ;v4 :-v.A.
'-v-4 a:->> t flignt v—;44
V'.-' ' '2s, Ma rich 1948-501.4—
[ Low" s
;
;?
25.
"
•:
—
444''4'
1
^
:■■■''■
Hy:-"
4,
"•
2s, ,1947_._—
^
(Close
•
:
A 44 '• TotaL sales in $1,000 units.^4.i..^'
r High
j Low
.
^
—r
•(High 4'
•
*.,,4
4
.
•
:'+i2
;
—
;;2Vis;:pec., 1959-19624.^^^.4f Low
,:
'
Total sales In <1,000 units
I%S, 1951-54—
Total sales In $1,009 units—
...
-i
v
.
4*4 Total sales In 51,000 units
Yi?
V^:
•
AW
—
"4A
(Hlgn V.
—
——i Low
—
C: ■■■■<X ?Vr ■:::/■■
A'A A;?*
?"' '
[CloSS J:-%
■
.-'V";"Tdtat sates in 51,000! units—-;
CS;V00
iVis, 1956-59
—
...
;
'
•
'
-
-4.4,
2V4s<
sales In
4~4
Is.
Vis,
.[ Low
[Close
[Close
1956-58.-
.•I Low
[Close
Total sales In $1,000 units
Is,
•
Sept.,
1950-1952-
.
.
it,.
...
106.19
13
2s, Dec,,
<
t
,
■'4
•
'
Is
(Close
■
.
,1%5
IClose
'
«
' >
sales In $1,000 units.
s-
.
'.
,
i
;
■
.
*
Low
i
:4V
,
f High
104.29
104.21
104.24
104.23
104.21
104.24
104.25
[Close
104.29
104.21
104.24
104.23
'0
4
1 <•:?:
9
♦Odd
Monday
Feb. 25
$ per
'■-}
share
•
A " 4;
$ per
90
.
y-0
HIGH
Feb. 26
,
92' "•%
116;.
88 V4
*
4
111 %
88 %
Wednesday
Feb. 27
-.4
113
90%
15
16
15%
15%
33%
30%
33
19%
s
20
20
I
*47
53
*47
35%
*35 V4
36
16%
17 3
50
...
32
21
5334
♦132
4
10%
6V2
50
51%
7%
135
•
;
■
"
9%
6%
55 Va
57%
7034
69
70 Va
4458
401
42
,
a
*21
21
192
188 Va
195
—t.
.4;
.4
,,
...
—
4
...
...
—
„
-
-
4
21%
24 V4
2,800
Acme Steel Co
Adams
400
Express
Adams-Millis Corp..
;
1,600
Address-Mutigr Corp
4
6,700
Admiral
35V4
-
17%
52 V2
;
135
33%
34
25
'
34%
34%
17%
52
17 V4
5134
34%
;•
-
52 %
134
10%
934
7 Va
6%
41 Va
112
21%
•>.
•'
*71%
42
*106 V4
58
V*
193
24%
34
,
21 Va';
193
134
•
-
24%';
34% 4
:
10,200
10
—
Alaska
Allegheny
58
9.800
5Vi%
73%
1,200
$2.50 prior
42
21%
Reduction
22,500
8.900
;
i.'V.-
;
21 Va
194
25
34%
35 Va
2^..
900
194
25
Feb
25
30 l'i Feb
26
19 '/b Feb
26
Pat
44 V'4 Jan
.4
-
,,
■
2.200
1,500
4,200
15
Feb
1
19
.
38
60 V4
111V4
Feb
18
60
A
88
Jan
Apr"'
9%
Jan
25 Via
Apr
35
41 Vi Jan
28
22 Va
Apr
34% Nov
20 V b Feb
1
17
Dec
21%
Dec
Feb
1
38%
Jan
56
Dec
Mar
1
98 V4
Jan
122
Dec
Jan;
16
Feb
26
pat
50
Feb
25
58
L22
Jan
9
134
,
12 Va Feb
6
6V4
28
2%
Jan
IOC
52 V4 Jan
69 V4 Jan
28
34%
Jan
preferred-No pat
Alghny Lud Btl Corp
No pat
Alleg A West Ry 6% gtd
—10C
Allen Industries Inc
__]
68 Va Jan
82
Jan
28
56
'
Jan
8V4 Jan
Allied
war
Chemical Sc
Allied Kid Co—
Allied Mills Co Inc
Dye..
38
Jan
48 3/4 Feb
6
22 Va
Jan
L05
Jan
25
108
Feb
18
91
Jan
21 Va Feb
27
25
Jan
30
13 Va
Jan
pat
L85 Va Jan
2
210
Jan
17.
22% Jan
7
20
V2 Jan
No pat
28
153V4 Mar
15%
4.
9% Nov
6Va
Dec
60% Jun
Jan
f
No
Dec
3
32
conv
Dec
47%
Jan
5V4 Jan
pf A with $30
Dec
21%
13 Va Mar
Dec
32%
8% Jan
Min
Jun
Dec
17%
18
]
Gold
Corp
NOV
29
It
Juneau
115
114
Jan
Jan
57
10C
No
-
24
10
.
Highest
Sper share
24% Feb
1
Inc
Jan
Jan
,i
$ per share
99Va Feb 45
116
128
2
1C
Alabama & Vicksburg Ry^
78.600
112
No
Corp.
7
*106%
•
Air
4
19
Jan;
•
10 Va
41 Va
-I
'
82 V2 Jan
LllVa Feb
.12
Year 1945
S per shar&i
share
1
Co
9,600
9%
41%
No pat
2.5C
S per
Lowest
Highest
>0;.-
10
Motors
32 %
6%
21%
25
33
ACF-Brill
52%
*133 Va
110
191
7,900
Par
No pat
lot
20 3 a
:
59 V4
191
Abbott Laboratories
4% preferred
Abraham & Straus
32%
74
191%
16%
10
Range for Previous
Range Since January 1
\4 Lowest
V:;4"^;
:;
.•
20%
17
-
7%
106 V4
•
4-
*46%
73
24
1176.
16%
:•■■"v.- 20
•
0/yr>;0
*'
32%
57%
35 V'4
—
STOCK
52%
7234
251'2
footnotes see page
115-
1,100
114%
YORK
20%
583/4
34
For
[Close
EXCHANGE
v
32%
72
24 Va
'■'fafa
v
16%
34%
;
10
41V4
*
112
*20%
22 Va
95% "
94%
*112
♦110
57%
.
41V4
*106 V4
112
'
135
9%
6%
58 V2
*106 V4
93
Shares
NEW
X:
20
■
y- A-
the Week
Sper share
113 4
*46%
.
51%
93b
69%
"
16%
17 %
6
3,a
32%
35%
*132%
56
■
•
'
20%
51
16%
*132
135
9%
1
—
-
JRegistered bond transaction.
STOCKS
Sales for
Mar. 1
115
16 Va
53 -A-
34%
16
4
91%
113
*110
163a
1534
50
r
Friday
Feb. 28
$ per share
116
4934
;'•'•;
i
HlVi
♦110V4'
lot sales
.'■-'O-
4 Thursday
92% 4
4.111%
116
20
4
.
4
$ per share
*■
34%
"***'
4
—
/High
>
STOCK RECORD
'
PRICES
'
*112
"5-
31%
y
SALE
'
;
$ per share
share
♦111% 113'"',A.
116
AND
Tuesday
,
—,
4-
1
NEW YORK
t
■
.
' 4,.;-4^:.v:
•104.30
7
LOW
Feb. 28
:
—
i—{.Low
'
104.30
sales in $1,000 units
Saturday
l
(104.30
104.27
—
■
• •
;
:
Total sales in $1,000 units
,
•( Low
4
l%s, 1950—fa...
1
[Close
..
.
—
•:0'0:i.00
—
[Close
.
444
in $1,000 units
2MiS, June 1967-72
Total
4*
,
../High'
1948^n——4———-[ Low
v
sales
—
—
■
Total sales In $1,000 units
(High
2VzS, 1866-71
>
,
/High
1953-55..——————{. Low
J.
""
IClose '
Total sales la $1,000 units———
(High
{ Low
1965-70
Total
[Close
-
,
In $1,000 units
r
.4.
.
-
•
Total
...
—
1952-54—Low;
J
{ Low
'
2V4.S
_
Total sales In $1,000 units..-»
v;-
H
^00^00
-
(High"
•:
Low
•
—.
'
fHlgh
■t„
...
Total sales in $1,000 units
.
[Close
2%8, Dec., 1964-1969
; 4
•
Holiday
—
'
Total sales In $1,000 units
Total sales
_
44\ (High
2s, June, 1952-54—-j Low
[Close
106.19
106.19
(High
(
*4*
/
r
(Close
Total sales to- $1,000, units
[Close
Total sales In $1,000 units—— v
■w.
y.00^-j...
(High
1951-53—{ tow
.
—\ Low
■
-Mk.
'
Total sales In $1,000 units———
»~r
I Close
Total sales In $1,000 units——
Holiday
; .fHigb..;'•
'
^
[Close :; 'c
■
■.
(High
1 tow
2s, 1951-1983-
.
2%a,:1962^7——W-——--4 I**
'
2 Vis, June, 1964-1969
•
__•_000
High4.
[Close
,
-
4»f~.
%r
:0
Total sales In $1,000 units
-—
,
Total sales In $1,000 units-—-.
0:0*y-y:y
X. .A'V X A4X44 A , f High
v
*
—
f lnw;,4:..4.4:';ii4-4v-v
,
„
—
[CloSS
2Vbs, 1963-1968—
'
"
f-
4.—.
r
v.
4'
•
.
4
.4 v
f
Low
~—
^4
4-
■
"•4
■
(High
| Low
>:■)
4
.Total. sales In: $1,000 unitai«i.4.JL^.;' Ai4/ *44;'>ii4v:v-
.
Close
„
Vi
0,y
44
-y0> ' v ; 4^4 f Hlgb^
■8»; March, 1950-1952—LoiT^
000}.' 'y
;:•■'
(Close.";
Total sales in $1,000 units.
i
0
r
0
"High
2 Via,
•
;>
4—] Low
[Close
•>;1 '4*i'
■
Total sales In $1,000 units.
,
4.
'
limits.
2M^l?52-54bfa—W—A—,i
'4- ■;V
|Hi»h';
■
'
Close
:
n
Cr
;
,;
k v44;: Total sales in $1,000 units:
»v
v-•::?.!,••'''.■ ?'4-. vA'.v
' •'' •>'••"';•
•' f High •*!.
2s, Dec., 1949-1951[ Low
Low
3%»,1950r52——
IClose
^
.-i.:-
fHlgb
;
•
^••;"-v
$1,000 units
4 : ;2s, Sept., 1949-1951
THigh
Total sates In $1,000
tn
••>:•;•
,-yy
Total sales in 11,000 units.
; 2 V4s, 1949-5W-WW--
■
,
[ Low
^ v4.4'
»v4' ■*& Total sales
1948.
...
s.- -4
] Low^ •••*:.4-:4>; '
■
fu-\0Wy
Total sales In $1,000 units.
fHlgb
2
s.
Hlgt.
I
vv
ly*:0:2s, June, 1949-1951
Close
A
$1,000 units..
•
1948-50-
■
Low
1960-65..--——A—'.
'
Dec.
•••4.;4 .pv-!''.4c-4:'.r
•'
(close
■f.i-.y.y44"-Total Sales In $1,000 ■uiflts44.^..i
i,"
\ ■. c vv
f riignvs.—;•
High
2 Vis,
^''4,4
•
"A
'
Cx"4•-4[Close■'
Total sales in
Lowv ;vW
[Close A —
$1,000 units— kAnAAn—.
4X4-4 4'4/A.X:44
Total
(High
,
.;'•
74
'
42 V4
108.
25 ya
194
Dec
Dec
Dec
Dec
Dec
Jan
24y«
Deo
27% Aug
36%
Deo
RECORD
NEW YORK STOCK
Monday
Tuesday
Feb.25
Saturday
Feb.26
Feb. 23
$ per
51 %
107%
50%
122
33 >
*106%
47%
>
'■-!*56
' >•'
33
*57
133
"'
40%
41'/2.
39%
40
72
■•■
76
71%
73%
36%
33
35 1
79%
*77
34%
"
*78
Z2
.
.
79%
52
*132
'.
51
*132
134
13
——
52
134
15
13
14%
93%
93%
>
60
> 36%.
>
25
14%
203
203%
> 202 y2
203%
v
61
60%
37%
>
,<
141
142%
xl42%
142 %
x25
65
•62
27
*26 %
;
108
*107%
63
•
67
*63
-•r
>
)
I
70
f> 49
51%
49%
>18 7'
18%
49
*107
107%
10%
11%
10%
14%
,•
57 / •'
:
98
12%
713%.
13%
12%
49%
49%
49%
35%
37%
17
—
t
;f>!
-
,
16%
.
>•
r:.-vY
=
97
28 %
48
49
;
179%
48.
48 '
*165%
•
33%
50'
51.
i.
49
■?
42
41%
29%
29%
33%
33%
>. 33%
33 %
51
-
51
•>51 %
51%
,
155
*153%
*153%
rs ;
7
50 %
>?
51 Va
*50%.
7 x51% 7:51%
50%
50%
:
'
>
008.0
' >
Feb. 25
$ per
186
S per
share
191
-
Feb. 26
,
83
162
162
136
188
189
!
83
83
:
82%
82%
t
162%
161%
162%
24%
24>/4
24%
83
82
83%
162%
162
23%
;
.
81%
81%
24
24%
*
64
105
12
81%
8iy8
ii
43%
*81
,
441
46
53%
138
421/a
82%
13
85
[ *81
9
>
>
;
>
116
*113%
47'%
22%
*21%
8%
8V2
8'^
620
•
28%
28%
18,000
142
12%
13 Vb
14 %
13
13%
14
125
'•■'.
126
137%
137%
54 %
•:
127
135
24
20%
47%
44
96
101
■
117
71%
69
67%
89%
116%
86%
35 y4
34
33%
55
55 3*2
112
14%
,•.13%
>
6%
->■
y 55% Jan
9
Jan >7
12% Jan
28
5
23
Mar
48
69
s
70
70
69
39%
'80
87
"35%
8
70
4
9
of III—..——1
preferred——.—^ ..*.50
12V2 Feb
25
2
7%
26
11
48%
80%
79~%
79%
123
125
123
*28'/a
28
114
..
.31%
16
114
\
16
114
125%
*28%
16%
*111
*105%
.200
>> '30
107;
99%
♦116
118
"69%
9;200
70%
39
600
87
'>/■'' 100
36
"
36%'
118
25%
118
13,500
25%
118y2
770
25%
8,700
1
79%
126
30%
16%
115
79%
124
*27
16%
29
16%
*111
115
32
31%
31%
30%
31%
32
32
12%
123a
12 3
12
12%
12%
12%
70
72%
70
Dec
Dec
Jan
103
NOV
*15
44% Jan
15
26
108
21
San'y...U»Nd
41% Feb
2
20% Feb
8
11% Mar
34% Feb
41% Feb
6
24'/a
Feb
5
130%
Jaa
26
145
■
24
73
Feb
13
86 '/2 Jan
2
10% Jan
3
20% Jan
24
2%
Jan
2
2
112y4 Feb
6
8.0%
Jan
> 104% Dec
101
Jan
28
.54% Jan
95% Dec
17% Jan
3
23
Feb IS
11% Jaii
Feb
6
,97-y4 Jan
88% Jan
; 27% Jan
> 86%
14
9
33% Feb
Feb
26
177
19%
30%
Jan
99
Oct
Jan
38
Dec
17%
Jan
31%
Nov
32
Aug
44%
NOV
.40% Jan
68%
Dec
•
18%
6
Feb
14
181% Jan
15
164%
50'/2 Feb
6
41%
Apr
Jan
,8
>0% Jan
4
>50% Feb .4
27% Jan
2
>33
160
100
>100
No par
164
$4
27%
Jan
43%
Dec
17%
Jan
29
Dec
Feb
J.6
22%
Jan
31
Dec
6
41
Aug
'•> 60
Dec
Jan
151
Dec
Jan
'
Jan
8
155% Feb
21
47% Jan
8
x51% Feb
28
29%
;
53% Nov
Range for Previous
I per snare
•
Feb
92% Jan
17
195
25
158% Jan
,.—.100
Inc.—..—.10
Jan
24%
43% Mar
preferred
Jan
150^** Jan
25
25
15% Jan
29
81% Feb
18
57
3
Jan
3
3
>
9
Jan
79
4
51% Feb
28
60 Va Jan
28
60%
40
Feb
112
Feb
43% Jan
18 y2 Jan
8
114 > Feb
48% Feb
7% Jan
8
4
3
30% Jan
6
> Feb
Jun
Nov
57%
Dec
45
Dec
113
> Dec
r
49% Nov
38% July
'
23% Nov
;9% Nov
12% Aug
4»/8
31
15% Feb
83
49
109 'July
21
-27% Jan
/
Jan
24J/2
24% Feb : 8
>10% Feb
140
Dec
> 11% Dec /
Jan
>38% Jan
20
7
3
*
f 31% Dec
29% Jan :
10
Jan
-
Archer-Daniels-Midland .——No par
Armour & Co of Illinois
—5
$6 conv prior preferred—-No par
7
7%
■
6 fo
.
1st
7% Id
73
73
74
'■
5
Jan>
•;
■
5%
Austin
$5
2.600
1.400
Jan
2
Feb
26
$2.25
conv
1
100
:
Y
67% Feb
Jan
37
*
"84% Jan
4
33% Feb
25
115% Jan
—No
139%
Nov
Mar
81
Jan
ii>
43
Feb
89
Feb
18
40% Jan
|
b
28
26 Y
y
3/
14
Y 123
Jan
76%
101
12'
16
48 Vb
71%
31/;:
26
28% Jan
29
14%
57
Feb
4
55%
Feb
26
97%
120
32
Feb
25% Jan
•'
par
15.
Feb
.
3
lb
20% Jan
14
Jan
11
37% Jan
'14% Feb
3
9% Jan
59% Jan
Feb
3
,
29
83 Va Feb
2
16
.
120
Sep
Apr
Jan
Feb
60
Jan
Jan
18%
d-
10 y2
Dec i";
113% Nov
Jan
113
lb
126
13
26% Jan
5c
(Tbe»
18
32
12
15% Feb 21
108
Jan
133 % Jan
52%
108% Mar >
Jan
30 % July
110
>
Jan
>33% Feb
25
79
par
110% Jan
Feb
par
100
—No
> Feb 13
21;": 120 V4 Jan
26
105 %. Dec
24% Feb
55
—No
preferred
Jan
45
26
5
TV»i
ill
Feb
100
>
Nov '
96
*
Dec
Dec
48
140
3
115% Feb
19%
;
Jan
Jari
Jan
100
Dec
113
105
108
Nov
x29%
>18
8
55
Jan
108
6
15
—
of
10.
/
Nov '■
NOV >
Feb. 16
Feb
Jan
preferred
Corp
;
139% Feb
100
Co.
A"i»t.mn
52
3
50
Nichols
.
2
131% Jan
—
prior A
Autocar
15
18
44
Atlas Tack Corp
220
25% Feb
par
1
pref series A_.
Powder./.
800
./ 11% Jan
27
Refining
conv
9
100
preferred
6%
27% Jan
,
Feb
preferred-
Atlas; Corp—
Feb 26
24
Dec
141.
59% Nov
106% Nov
Jan
Topel a & Santa Fe_.
preferred.
Atlantic Coast Line RR—
Atl G & W I SS Lines—
conv
13
48
5%
4%
112% Feb
133
Atch
Atlantic
60% Jan
2
No par
preferred—
5% 'non-cum
26
:
127%
>'.42% July
51 % Feb
100
15
Jan
; 102% Mar
111 ;/Mar>
107% Jan
145
.—
6%
.
r
30% Oct
23%. Sep
>
Feb ••/ 9
..-100
preferred.
preferred—.—.
Co —
Assoc Investment
5 %
107,400
Goods™
Dry
10
Jan
4
—5
.No
Corp
lssoctated
132
143
—No par
Constable Corp—
Artloom
136
No par
Co
preferred
Arnold
122% Jan
100
preferred
Cork
Armstrong
$3.75
12% Jan
Nov
112.
100 Yo Mar
14
51
26% Dec"
Jan
Jan
9
6
v
8%
69% Jan
5% Mar
43 % Jan
>
»
>
49% Feb
12.50
—No par
—;
9
; 9% Jan
—25
Corp
llOVs Feb
128
1>
preferred
15
27
29% Jan
...100
i
Lead A Smelt—
16
27 % Jan
Feb
104
\[
UV/2 Mar:../
116%. Sep;,.
120 y8 Jan
25
Jan J8
•
69% Dec
22% Feb
120
,
Dec
13% Mar
7i% Jan 10
61% Feb 26
—14
Wks &
Oct
Dec
14
Jan
23
23% Feb 26
———...100
preferred—.
91%
145% Jan>
■
Dec
90
161%
65% Jan
'
170% Jan 30
2
196% Nov
Jan
65
17
93'/a Jan
157
6
26
80% Feb
.
$ per share
4 per share
■
80% Feb 28
185% Feb 28
.100
25
Highest
r;Lowest
Highest
% per share
Lowest.
1^45
tear
Jan"«r*t
Pan»e Since
STOCK
YORK
Co.—.—21%
Andes Copper Mining.
20
A P W Paper Co Inc..——
8 ! >
Atlas
100
Aug
17
128%
147
50% Nov
Feb
153
31
Jan
■
36
49% Feb 26
.
"
58% Feb
2
28% Jan
Jan
Dec
181
Jan
2
170
Dec
75
47% Jan
25 /
Dec
Mar
184
Jan
73% Jan 29
,
Dec
13%' Nov
-/
>? 15%
>50% Feb 28
No par
Refining
Feb
100
26
61
100
Co
6
>40% Feb
5
Feb
27
Jan
Jan
176
14
186
39% Jan /5
.———-^.———100
preferred
Feb
>36% Feb
3
35% Jan
41 y2
"
95% Feb 26
/
-No par
-
Dec.
Nov
142% May
Jan
No par
Co
Seating
Nov
19%
39 »/4
)
140
182
—10
Mill
Nov
Jan
par
.—.100-
Rolling
123
41
»
/ Mar
34% Feb 25
Feb 25
Oct
-
41% Dec
■
Jan
17
Dec"
14% Oct
54
..
Jan
3
No par
—
Stand
Water
230
125 y4"
12
74
109
,
Jan
118% Jan
& Metais—
preferred
.Type Foundries
530
80%
30%
.70
3,600
39
*80
13
"
800
'
31%
1176.
Dec
.14%
25
35% Feb
100
Anderson, Clayton &
190
52%
300
81
58
6% Jan
115% Jan, 15
No par
——
—
Jan
Dec
10% Dec
,
Apr
13% Jan
>51
Nov
.
56 y4
68% Jan
'h
Nbv
109% Dec
,
Jan
49 y2 Feb
'
25%
16
35%
140
137%
97%
>
*38%
35%
34%
34%
-■
100
118 > 118
87
*80
86%
52%
38%
37%
38
Mar
.
38% Jan
15% Feb
Anchor Hock Glass
400/
135
*47'
106%
98%
118%
>
135
137%
137%
106%
98
118%
134
137%
*46
108
97
98
134
137%
116%
*110
116
91
Jun
8'/a Nov.:,
»40
Jan
47
0%
.
Anaconda Copper Mining
50
Anaconda Wire & Cable——No par
7,200
134
43 y4
.
Jan
21
-
-
Dec
xl 17%
Jan
20%
43% Jan 30
Feb
6;
113
"
'Dec
19% NOV.
■
Jan
96
9
Feb,
Jan
:
Jun
"•
9%
/
Jan
2%
:
103% Feb
$5 prior conv
4,100
25%
*15%
16,
•
46%
117%
28
1,000
21%
117%
*123
page
29
26
Preferred
67,200
25
X25'/2
79
72% ? 74
Jan
21
Amer ZIdc
*
:
12
footnotes see
10%
27
20% Jan 23
•43% Feb 11
47% Feb
Elec—..No par
> $6 1st preferred
:.
No par
American Woolen..'
...—No par
Am
> 130
55%
>2,900
112'>>J
54
*109
:
;
46
.
Y
57
Jan
12% Feb
American; Viscose Corp
.
139
'
53%
112
31
For
3
3%
99% Jan
Spmatra Tobacco..
Amer
1,200
>
132%
137
137%
'
53%
•108
*
"i4
*130
131
137%
>> >
"
15%
13%
25%
55 h
85
3i y4
*28
15
109%
•
5
28% :
25
"106%
69
■
*28%
117%
124
123
>11%
Feb
> 27% Dec
30% Jan
No par
Telep & Teleg Co
Tobacco
Common class B
19
% >700
900
,y>8%r. s.M: >
,0>
24%
55 it
27%
X82%
23
8
Amer
18%
28%
117%
118
25%
32
Jan
> 17% Feb
American
3,000
20%
48
.
■
118%
117%
•>•37%'
37
37
*82
58
25
far - •
20
;
45%
49
;
,
'
,
45%
136
108 '
21%
'
47%
*47,
.
24%
133
.138
108
47%
21 y4
134-134
117
Jan
33% Jan
107% Feb
-
4,100
♦113% 115«%
115
45%
135
49
41
21
135
*106%
40%
40%
24%
137%
98
18%
105% Apr
124%
EXCHANGE
810
46%
135
52 Va
>
22
137%
*106%
Dec
22
NEW
36,50(5
50%
24%
*24
21
44%
„
46%
50%
20%
it
24
22
45%
*• 129
111
*108
24
V
53
51%
111
21%
*50
69
^ ':'4:i;>>|; ".V-''ii>;■>■■>"
100
52 y2
>> 9
>
129
136
136
52%
*108%
112 %
44%
Dec
16
Jan
1
Preferred
17,100
■
*
82'
28
.V
14%
-
*126y2
•••
135
53%
*23%
1
69,
28
Jan
113
Stove
900
127/a
*81
>;
5,600
46%
40
28%
28 y4
*108
Nov
11% Jan
non-cum
> 5%
:.i
-43%
*138
>
4,100
49 y2
"
*113%
vf,
9"
_
29 %
125%
/
48% t; >47%
/
19%
22 y2
481/4
29
53%
29%
109 Feb
11
Oct
Jan
32% Jan
>
Dec
149
13%
Feb
American Sugar
13,1001,600
6.000
45%
"
52%
42 y2
4iy2
v
V4
46
22%
: 8%
41
114
.
46 '
52%
*21%
48%
22 %
•
45%
51%
114
116
>
70
42
156%
112% Mar
9
Jan 18
>14%
No par
Stores—.Ncr par
Am
37,600
105%
43
133
12 Va
■
.
44
136 %
44%
;>■>
*81
' • 45%
51%
40%
43%
42
*114
>29% Jan
Jan
10
Shares
1
24%
104 y2
"
'•'
•
'
<7
3
>6% Jan
American
9,300
64%
23% :
105
104%
12%. 13-
•.
85
44
47%
>
25
14
Jan
•
52
Dec
155% Jan
Jan
Week
1
120%
*118
24%
23%
104
*136%
12%
•
63%
64%
120%
24% >
104
137%
135
63
*118
63
120%
23%
-
108
40%
>
13%
62%
•
*118
120%
22%- 24%
12%
'44%
Nov
>••
Jan
STOCKS
189-%. 191%
82
160
„
23%
61%
44%
40%
161
*118
7
110
134
82 V2
share
>127
Jan
63
F
the
Mar. I-
Jan
27
110
1
24%
105
81%
„
:•;
S per
$ per share
191
.
81%
23%
120%
22 %•
190
,
81 :'
161
66%
64%*118
share
:
$ per snare
80%
7
25%
234 8
Feb. 28
80%
82
81
'•
185 V4-187
■
81
Feb. 27
.
....
8
>37->
1
Steel Foundries
Sales for
-•Friday >•
Thursday
96
1
112
m
Wednesaay
Tuesday
5
10
Feb
Feb
18
ti—No par
Dec
Feb
.
20
1
Tiling
Oct
Dec
67%
Jan
•
48
Smelting & Refg——No par
6%
Dec
199
,••*.
>40%'Jan
132
;
2
,
39
3
\
Me.A
LOW AND HIGH SALE PRICES
/
5
*
20
3
Ship Building .Co
Amer
1,700
"
10
Feb
35
24% Jan
American
29%
32% : 32% >
*29 y4
155
121% Jan
105% Jan
American Snuff
>
42%
41%,
■:.;•
26
10
Locomotlve^
American
Amer
> 15.700
1,700
•• >
700.
51%
oi% :.
2,400
155
155
> ?
100
42%
29 %
:
Monday
.
*165%. 175
175
*165%
48
16
17
112 »/a
26
In Preferred,
380
> ,600
,
70% Jan
Feb
v
3
conv prelerrea^..!.——10U
American Safety Razor—
18.50
/ Amer
10,200
62%.
;
Jan
> 59
•> 4%%.
1,270/
; •
•
•
178%
48"
:
r
50 y2.
183%
Jan
-10% Aug
1
Feb
American
2,180 /
2,700
1,900
•
Feb
21
Jan
Preferred
;
> 47.500
27%
62%
%:
48
U *47
38
.178%
28%
51%
'
;>
62%
179
Y
38
89%
Feb
17% Feb
Jan
Am Had &
20
98
15
207
50
Products.*—1
preferred
$5
;
•
156%
*153
>56%
175
X41%
32%-
.
49%.
52%
51%.
*152
*165y8
23
32
:
48
V, 48
28%
30%
30
47%
*177
i
.
>82,600
f
30%
••27%'
50 %
V
50 %
61%
:
62%
179
^
28%
f
21%
186
97%
•
37%
28 V»
>.49%
178 %
.
*165% 175 >
40%" 42%
45
*32%.
179
48
175
41%
178 :
50%
y61%
62%
61
65%
178%
28%
H »
%
>62%
37 y4
49%
v
48%>
9,100
30%
>97%
37 Va
i 10,400
21%
4184
30%
:
28
36%
.27 y2
,
97
36%
Y •;*-36 ■ '
>//v 27
>48%
Va>
28VB
.1
..6*
30
97%
1,520
99%
98%
106% Jan
10
■
61,500
110%
109
186
31
•
v
21%
21%
*181
;
:
i6y4
100
30%
Y
30%
95%
37
/>>>:>/>> >37;>
|
21%.
186
20
80
:
110 V2
98
96%
28%
■/
;
:
145
15%
16%
25
ly Co—No par
No par
Amer Metals Co Ltd———par ;
6% preferred..
.——100
/ American News Co.il— >i>Ni> par
/ Amer Power & Light——.—.No par.
$6 preferred
No par
3,800
81
109
;
98
21
145
25
Feb
Oct
135
Oct
98
Mach
Amer
4,700
35
t
Feb
Amer Macb & P
8,000
•
?
18%
79%
35%
15%.
106%
*181
184%
184%
>
97 V2
96%
.
>
21
39
18%
> *34%
>♦142%
18%
x80
16%
90 %
119
37
*142%
1
.
80
100
90%
31Y4
;>>>'•:• 29%.
145
79
.15%
100
20%
188
5?
»-» 00
i
,>
21%
'/
15%
89 y4
35 %/
*142%
>
80
98 %
•
94
20 Va
r
>
».
103
98
89%
35%
145
14%
*118
13
'
Dec
55%
196% Jan
64
Lines Inc
preferred
7%
23%
Mar
128
55
conr
American
25,200
x41
25
10
Internat Corp
5%
100
36
18%
.
450
16
Jan
Jun
80
132 -
American Invest Co
900
50
36%
36l/2
35
17% v.
1,200
*
12%
119
35%
17%
Y
37
*118
35%
x35
13%
r
12 %
,449 %
50%
36%
:..
119
*118
.35
:
49%
I 50
.50
36%^ 37
/
"17%
34%
>*142%
142%
81%>
,79%
80 >
14%
:
//
;
•
119
17'/a
36
H rN <N
>.:.>>••:./>,
...
18
35
;•>/
36
34% :. 36
36%
34%
-•
49%
;
13%
>
57% Feb
136
Dec
>41% Dec
21
6% non-cum
Amer
94%
-'
Ice—.:———No par
preferred
J0Q
American.
>
200
v
>15% Aug
14
Jan
30
<
27
preferred—
conv
American Home
7,200
15%
105
6%
y
200
3,900
•103
12%
*12
12%
57%
Jan
24% Jan
SS Co
Hide & Leather
American
69%
137% Feb
American Hawaiian
1,400
s
$6
Jan
Jan
28
Feb
87 2d
•
20%
103
50 V Jan
preferred—No par
preferred Ai—-No par
preferred—-No pat.
67
y
y
'i 10,800
102 %
C
15%
Y
103
>13% >13%
13%;
„
*12
102
15%
15%
103
50%
,11%
*56 %
100
99
50%
7
V
59
*56%
/
*103
> 13%,
; i,
300
10%
49%
10% >11%
15%
15%
'.103
900
*107 > 111
9
7
21% Jan
Power—No par
Amer & Foreign
*
100
98%
12%
*118
118
^
..
,
*12
57
56
,
13 >
35%
118
7X49%
11%
7
*99% >102 Y
7 12%
•^VV i'.vy,-n
•50%
15%
14%
>
16
102
>
50
'
.
> 11%
•
*99y2
107%
.
> 5,900
34%
34 Va
7
109%
*106 Y
10%
49
;> 98 Y
v103
100
34%
34%
107%
>*54
59
*54%
115
..
35 7
•34%'
t 32,600
Jan
150 '
stamped
Encaustic
American Export
5,600
42 y4
2
<100
European Sees
Amer
800
7
41
%
11%
115 »
American
6,400
>
19
40%
10%
.'■10%
116 > 118 7:.';
40%
10%
115
415
;>
109
7
X40
i
9%
7> 9%
•17 >
18 7
-
Amer
9
134% Feb 21
Sugar
Co
Distilling
•11,100
53%
51%
-9% 7
18
;
>11%
35
.
-
49
.50 ,7
s
-
115
33%
36%
107%
19
39 % 740
39%
114%
i
118
35
>..9%:
9%
•
9%
*18 i
v.
10% >10%
11%
10%
115
18
•
39
40%
39%
49%
'
50
9% >9%
10
9
18
>7
49% >■51
Jan
78
jpreferred^-—-,-lQQ
6%, l$t
,
Dec
30
—No par
Crystal
American
1,000
'
50%
26
preferred—>.-.^—-—^50
> 4%%
•
27
.
*107
Dec
,43
10
>41.
7
No par
Inc
Colortvpe Co
American
D?c
161
Jan >
17
>81%. Jan 28
Feb1
•~33-v Feb
100
American Chicle-
1,600
71
Aug
43% May
Jan
:!f.;86% Jan
71
No par
preferred—
conv
11% Dec
45% Jan
71
Sep
35/
Jan
3%
„
Dec
Jan
23
1
140
1
preferred———.100 J
Cable
&
Jan
93
& Fdy
non-cum
Dec
113%
Jan
153 % Jan
Mar 1
1
—
Chain
5%
360
■
7%
Am
108
27
y
27%
107%
107
:;i
:144»
*25% 726%
144
25%
26 ;
,
>
700
140
>
7,300
'
Dec
56 %
' '• t " '
& Radio Corp
American Car
26
39
100
Preferred
>,
Feb
Dec
104%
Jan
11% Jan 17
26
55
48'/8
Dec
38 Vb
.,
36% Mar
128% Feb-25
Can___^—
American
'if 4,000
•j
:
140
37%
9% Feb
1
50
\
•
Amer Cable
320
,Y
122
>140.
*l?8 Y
i
0
'
5>
31% Jan
>
|
i'1'
preferred
5%%
24,900
»
28
1 6 % conv preferred—
Amerada Petroleum Corp
20
>4,200
60%
60 y8
122
>-37 W-
37%
140
27
109
,
122
*120%
37%
26%
i
94 y2
203
7- 26
>61 [4
••>'■■■•
14%
.93%
139%
65 -
> 26
*107%
108%
107%
14%
84 %
140
25%
*60%
64
: 27>
27
14%
123%
139%
/>
26
*62
Y
Y
V
94
36%
/;/'
138
25
140%
137%
138
*135
138 %
*135
o
>
*120%
W:
36%
> 36
r o
3,000
*13#/2 134
133
133
Y; 60% "61
7
125
124 7
-
37
.
24
Feb
No par
Agricultural ChemicaUVo par
American Airlines
—5
nmnican Banx Note
10
6 %
preferred
50
American Bosch Corp
—1
Am Brake Shoe Co
———No par
9,300
51%
14%
•
203
61%
59
>
63%
126%
24
51, '
58% Jan
146
Jan
102%
15
107% Feb
25
4m*t
4. dm
•
-
24%
51%
95%
14
94
207
79%'
*78
79
23%
: :
900
1.500
;
50%
132
132
:•
'
*78
Portland Cum
'/' '
f
' ' '
' < ! ' y/ '
Amalgam Leather Co Inc
100
3
47% Feb
106
—No par
preferred—
conv
Alpha
/'/>
•'•'
104% Jan
119
20%
6
15
29
Jan
55
'
45% Feb 26
v;
—100
Highest
$ per share
$ per share
'
$ per share
No par
9,500
34%
34%
"
No par
4,100
75
••"35. ••/••>
34%
'
*203
206
126
:
J"
96%
93
206
74 %• /
52
51%
51
73%
74%
''
34 % * 35
*78 '
79%
24%
25
73%
24
23%
25
23%
.
•
40 Y>
4%
3,000
138
>39% >
39
40
40%/
40%
>
66
*136%
> 135
135
Par
Aiua-oiittimers
17,600
•
36%
•59
*57% :. '66 »
133
-
preferred
4%
Year 1945
Lowest
Highest
...
> $ per share
Stores Corp_;
Allied
300
;
fl%:':;10%>
9%
9%
65
9%
55
> 36%
36
34%
•
Lowest
EXCHANGE ;•■■
>
'17,500
;
120%'
rl20
121%
:
•
48%
48%
'
35
50%
105%
49 y»
119
121%
33
:
9%
9 Va
55 .V/
132 ;,4
128%
„
119%
49%
105%
50
•V-K/;/>
>■:'
•
Range Since January 1
NEW YORK STOCK
Shares
V
$ per shfire
106%
48%
>
the Week
Mar. I
X
.
share
48%
49%
48%
120%
»
130 '/■ 132
66
■
*105%
49
*105%
32%
10%
9%
w—
47%
share*
J per
51%
106%
per
49%
106%:
48%
119%
119 V2
i
share
45%
106%
48 %
33
$ per
share
$ per
share
Feb. 28
Feb. 27
Friday
•••/;
Thursday
Wednesday
>">Y
Sales for
Range for Previous
STOCKS
/
PRICES
HIGH SALE
AND
LOW
Monday, March 4, 1946
CHRONICLE
COMMERCIAL & FINANCIAL
THE
6
Jan
Jan
77
Jan
14%
Jan
5y4
Jan
58%
Dec
Dec
83%
Nov
.
Dec
45
•;
83% Nov
42%
120,'
Dec
'V
Nov
27 Ya
Dec
58-
Jan
94%
Dec
130-
27%
20%
131
29•
10%
63
Dec
Dec-
Dec
Nov1
Dec
Dec
Dec
tyhe 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4469
NEW YORK STOCK RECORD
AND
LOW
-
Saturday
>
Feb. 33
fv:S
per
'•fe
Monday >
Tuesday
share'
;;
shaft
$ per
SALE
PRICES
V s
Feb. 27
$ per share
Thursday
/>,>
$ per share
STOCKS
■
Wednesday >/>.
--
i Feb. 26
Feb, 25
;
HIGH
Friday
»
Feb. 28 >
Sales for
NEW
the Week
$ per share
$ per share
.
•
,
Mar. .1 ;>
.iy:
YORK
.
Range for Previous
STOCK
Range Since January 1
EXCHANGE
Lowest
Shares
3/ear 1945
Highest
-
'per share
Lowest
$ per share
^;
Highest
-
J per share
$ per share
'V •■/ySy-:
32
34% /:
#/>• 23
•
40%
1
25%
%\.
21
'20%
22%
241/4 >>
33%
42%
44%
32 %
110
'
•
132
*128
19
30%
28
111.
111
35%
38
23%
24%
98%
101%
160
29i%
98%
36%
*109
.
■'
98%
991%
161
>
35%
37%
25%'
28%
25%
32
29
42
•42'
66
*
*30
68
;
42
•
*111
64
113
"
34%
v
-
62".v::
>170
.
48%
>
25'A
11,500
27,600
I
48
,
.
t:
;
1
*170
>
:r
-
r »«>
V
8%
55%
28
v-
47%
291%.
36%
46%
-
9
-
.
?54%
112
56%/
41%
42
35%
32
35%
*34
.
: 108:/ 108
-
43
i
'.!
35%
>
'
110
>>35%
;*34
>108
32%
2,500
:
20
;
'
*
Brown
—100
:
179
>
2.50
-__Wo
No
:nar
Shoe
Co
Inc
l~—No
par
Jan
30
Dec
17
351%
Dec
>22% Aug
17
Aug
Feb
18-
77%! Jan
-
65
;
127
iBrunfi-Balke-Collenderys.il_2Vo
28%
Jan
29
72%
48
>
23
Jan
38
Dec
>13%
Jan
251/8
Dec
*8
20y4
Jan
32'A
46% Jan
23
181/2
Jan
>42%
Dec
112
Dec
113
Jan
6
Jan
Dec
>
15
35% Feb
xl08V2 Mar
>33% Jan 28
17 'A
49J/a
109
Feb
28
>
95
68
'Jan
12
>
52%
Apr
40% Feb
18
*
24% July
1901/2 Jan
14
73Jan
54%'Jan
56
•
9
114
: 6
Jan
17
-
-78
36'%
Dec
40'A
Apr
>>.
8
\
9
;
34% "Jan
•'
Jan; 21-
85
.
Feb
16
47 •'•
>
16
351/2 Jan
4
Dec
Nov
59%
'
15
39% Jan
Dec
•36
35%' Dec
106
•'•:
21
•
>
Jan
23%
-Dec
112
July
Jan
Nov
-
357/e Nov
15
108 \ Feb
26
Dec
19%
52'A
'
14
•
371/2- Dec
•/• 80
10% Mar
4oy4 Mar
15
Feb
Feb-21
Nov
37% Mar
28
>44% Feb
112:,
59 y2
Jan
•
Nov
.10%- Jun
42'A Jan
n
9
•
Dec
-
55
Y>17% Mar
!•>'
Jan
Dec
191
Y 45% Oct
Apr
5 y4
Dec
109
Apr
■>62
Dec
>67%. Dec
Jan
33%
•
Dec
34%
Feb
•
4
Feb
Nov
16
>11% Jan 23
>
Dec
155
41% Feb
25
82
Dec
98%
30 7-8 Feb
•
351/8 Feb- 26
par/
'
Jan
25
108
Dec
19%
6l
'•
3iy4 Feb' 26
•
,
Dec
16*
Apr
Jan
IIQ1/2 Jan/
Nov
35
109 %
Nov
14f
.•
.,331/2 Jan110 1
new__—i___15,
29%'
Y
Dec
63
16% Feb 26 / >29% Feb
46V4 Feb' 26 :
531/2 Jan
53 : Feb 13.1:
591/2 Feb
par
24%.
Jan
Feb
72
par
Dec
47%
162
,3
2778 Mar
y..l5
No
Dec
-
136
17*
8% Feb
v
42
May
Aug
Sep
18
7
1 Jan
,541/4
5
L
12%
Dec
17'/a
-
,
Jan
103%
Jan
Jan
,28% Jan
4 4 V4 Feb;26
(assented) >.190
Ino
12%
■113% Jan
36% Jan. >7
Corp-l_y.yyyy.i__5
Airways
Apr
28
Dec
110
40'A Jan
>
26
Mar
Nov
55%
•
Jan
1
Feb
60 :
Dec
47
32% Feb
-
2
44% Jan;
S3.60 preferred
900
58
:
-1
Feb
24%
-
Aug
•
-
.
2,000
170
t
60'
Bristol-Myers Co New____l_
2.50'
3%% preferred_i-_____I-___ilOO'
Brooklyn Union Gas
No par
300
110
'>> 32% -"32%
" Jan
104% Jan
par
(The)
Bridgeport Brass Co_i
Briggs Manufacturing
Brlggs & Stratton_
-1.000
i
115
32% >32%
Feb: 26
26% Feb- 26
,
r-i
-
2 3'A Jan
38% Jan/3
2
109% Jan
commons
/Brewing Corp. of America
'
32%
Co
Branlff
100
6,500
*
26
2
par
Boston & Maine RR
12,500
343%- t
-
>112
'
*108
33
V
.
X57%.;,581/2
y
115
•
"48
47%
55%
V
>
No
_9%
35
114
15
pat
100
pBower^ Roller Bearing Co___
.7,000
' 17 "
'16%
•48
*112
28'A *
;743/„ V
*68%
;'
17%
43
3
&• Bias8y.,-__i«_5
preferred
Borden
200
27
Dec
Dec
25
Dec
23% Feb
Dec
54
-
Jan
X106
14
_5
class A_„
Borg-Warner
1,500
55%
-27%
78 yy
46%.
32
33%
i.8%
55%
.
^ 38%'
28
112
.31%
36%
8%
,55%
Aluminum
Ami Co
Bond Stores Inc
?
36
5
26
No
Dec
42
-
28
Jan
Feb
Class
6,100
7
Feb
5
29
Bohn
9,900
67'A Feb
7 :?v -1401/4 Feb
Jan.
/
Jun
52 'A
Jan
107% Feb
■3
33% Jan
5
Jan
110
'
21
4'/2%
50%
4
Jan
Bon
4,500
{48%
C3i/a
2
31'A Jan
22"
Feb 20
?
23
-81
-
14% Aug
17
63% Feb. 27
190
49%
41%;
.40%
•38
>
18
22%
220
47%
v
55%
.
37%
39% Feb
47
Bigelow-Sanf Carp Inc___^>_lVo par I;
Black & Decker Mfg Co_.
No> pat
par
2
4
149% Jan
Boeing Airplane Co_^____;
270
.
25% Feb
4'
...
Jan
>>93%
par
Jun
Nov
Jan
Jan
28
-
1"
Bloomlngdale Brothers
;
1,900
:
60'%
*175
9%
-
*53%
109
60
48
*70
-
14,500
64
109
•
•50--;
491/4
.
'
-
y
'
y
190
'
vi-17'y
46%
/
37%
*170'
55%
74%
33
32%
109
•
x37'%
-»
8%
*54%
'
17%
47%
114
31%
*62 'A
par
Blumenthal & Co preferred
'28%
r
74%
I
62%'
-
No
Bliss & Laughlin Inc^__
120
112
28%
16%
2-
'
Dec
28%
44%
Dec
Blaw-Knox
1
-1,400
43
,: *111%
•
60'%
471/4
16%
'41%
'
30%
*41
'
28%
60%
►
49'A
.»
I
'
190 :/
46%
48%
47
;
7/
108 vi: 108-
r
190
*53%
56%
?.
52%
10
51
—
3,300
27,900
,
*170
.
43
109
-
60%
38%
8%
27'A
30
Loan-.
Bethlehem Steel iDel)_yy.
5A'0
/
\7 %; preferred—
1,600
38
26%
y_»«-.
.
Best/Foods -yy_yyyyy
,
1,600
67%
38
62%
:
^
60%
37%
49%
>112
.
103
•
29%
*41
;-v
61%
47%
40%
;
108
66'%
Aviation™.
•*
■■;
27i%
*1111/4' 112
62
.**
36%. / 36%
--28%.. y::28>"><
62
107
44%
54%
i
'28
81
>
'
112
*1111/4
.
27%
17%-
16%
:
42%
37%
29
>74%
*
301%:
37%
V
54.%*
i
!
> *60%
49%
■
,,
*41
*
161'/a
23
21
Best & Co
26%
36i%
27%
*2?
61%
50%
.45%
••
Beneficial Indus
2,800
Bendix
•
55% Jan
35% Jan 28
25 V8 Jan. "•:3>; •33% Jan 251
108% Jan '•■4112
Jan
6r :
Co.^
3,700
29i%
35%
26%
/
Howell
37%
-.,v: 98% 100'%
•
-.•65 ••"•..•••
-
&
6,000
9 >
26% Jan /•3;>
'preferred_-iJ-«;ii__
30%
161%
65
64%'
30%
112
»' 107'
&
62
38%
190 4; i
37%
63%
Bell
1,000
y
52
25
24%
100
,
43
60
107*
107
>••>•
'
64
36
26%
•
67%
26%
•
*111
*'
28%
61
;
27%
111
28
19% Feb.
v
35%
-
Mar
-
Jan
Feb
127
---
66
9
Jan
'
>14%
,_i
4
1
54
/ 39% Jan
Corp„_.
Feb
49% Jan
2
56% <jTan;
1
'84
-
-
•
Jan
104
-20
30
291/4 Aug
17% Jan
1061/2 Jan
par
_100
Jan
25; ■: Jan :9
3
21% Jan
Belding-Heminway
Aircraft
Jan
38%
26
40% Jan
Corp
Bell
12%
Jan-
20% Jan
RR_
4,800
25
53
29
No
preferred
Beech-Nut Packing Co
37%
/
V
-
Creek
Jan
.,"'.,1
,
No
4%%
19%
par
'
Creamery
3,100 h
,
1 'l
preferred:
Aircraft
Beech
Corp
24% Aug
11% Jan
25
38
,
>
Inc
51%
30%
160
-
■
.10 >
Works
Shoe
Beech
100
28%
*27
'
$4.25
par
50 ?
-
16
•46% Jan
37% Feb
'
,
(
Co
Cigars
Beatrice
/'/Beck
22,200
20
*109
37'A
24%
24%
23%
161
200
42
27%
.
y
r
s
30'A Jan
3
75
-10
.No
20
20% Feb
.100
^
:
26'
39'A Jan
—50
1_
preferred
Oil
Iron
311/8 Feb
22% Feb
preferred
Barnsdall
•
10
132
*28%
30 y4
600
231/4
19%
521/4
36%
.
.58%
22%
5 %
4'A %
Bath
*40
:
'
-
30
Bayuk
*120
/>
30'
■
"'■>•'
Hi
■-
-
Conv
,700
107
>
51%
52y4:';
30V4 >
98'A
159% 160
27%
37% * '
ni.-y
>
110
29%
; 28%
:
36%
.
42
-
>
L—13
-100
Barber Asphalt Oorp
///Barker- Brothers_i
13,800
106
20-
>19%
»■
3,100
12,900 k
58%
132
"129
-
*
'-•
.
-110
22"%
*39%
:
.
19%
30
23 %
95%
42
:>
44% > 44'% i:
59
Works-
Ohioy__
preferred
Bangor & Aroostook--
2,600 :>•
.
.'54Va. ^
'
Locomotive
Baltimore &
23'A •.,23'% '
34% .>351/4 /
v
107%
-
22%
-
132
51%
22
...
'
161
.
■
*109
30%
•30%
//25>> 36%
31%
23%
19%
27%
/
.52
30%
,
v'V
27 Vb'
*109
.
,
29
w
28%
51%
,
*39%
*128
19%
27
28
*109%
•
%
107
900
280
v;
>54'A
110
*i09'A
106
22
■'
*56
59
110
105
135
\i
20%
27
:
58%
*109'A
.
;
y
-521/4
44%
:-
Baldwin
6,400 •.,;•*.• 4%
i?76% *
76%
54%
*44
,.
;'
104
20%
21% f
*39%
43
42
>
.
-
-
*
20%27%
•
,21%
>52%
/•
23%:: 23%
59
*104
»
22%
42
44
-
i;
■
39 >•; ' 39%
.
34% > 36
;
*1091/4 110
104'
20%
:
>21%
77 y'V
s>54
34%
59
59
58%
132
43
.
2iii
•
/;
41%..-42
39 ; -('■ 39'%
:>K 51 y< ■?• 52%
-I;
v
-
.
-
23
36%
75
•
55
22%
321/4 /33"::-i:
.
I' 42
y 20% f?
46%
*54%
40%
-
.
38
45%
55
104
'
77'
i '27%
55
•'>*109'A
41
20%
79
40%
33
24% v
,
77
77
:
% 23%
20%
46%> 50
*
y 32'/a
24'A
>
39
y
327/a
22%
>/40Va
%
42
.
31%
/
-
21
•37% Jan
'
*
11*
40
•
Nov
'
19%
*125
.
"18%
21%
> 126
22%
20%
?
39?
38
*
22 ?
95%/
21%
41
22%
.
'.
94
V;
35
"
-'38%
"
94
28-
•..;>.
>108
-
111 /
>
\28%
>108?
V
104V4
/.
'
/
31%
84
-26%
106%
30%
111
7%
27%
84-
31%
.29%
-
30
7
iogy8
>8%
29%
__..l
30%
c
>
35
5
:
f
preferred>_
Copper
&
:_10
^_i_
-
451/4 Feb
2
3
,
109
...
.
LOW
AXD
IIIGII
SALE TRICES
Monday"
Tuesday
Wednesday
Feb, £3
Feb. 25
Feb. 26
$ per share
t per share
i
■
Feb. 23
i per share
<
Thursday
>.-
$ per share
>
Friday
Mar, 1
Sales for
;
<
NEW
<the Week
t per share
YQRK
>>■ Shares
Par
41%
.
42
56
7%
6%
6%
11%
10%
10%
*30
32%
.
42%
*55
30%
43%
,127
>
-*55
6%
1074
31%
311/z
*43
125
29
6
16
Lowest
20%
19%
19%
19%
62%
62%.
62%
62%
17%
*55'A
■
.
/
*68
'
72
•
56 %.
■
,
8%
9
42%. ;44%
179 %
'
41%
r
180?
67%
-
s%:
-179
68%
43%
*
>/•
100
2,500
4,200
'43%
>175
■; 67
;
56'/4
8%
43
179
.
66
>:>
8%
;
11,800
74
50
400
>
2814
*69
4,600
180
68%
ji
11
"cmv:' V
"I.V
;>
Capital
i
$3 preferred A—
Carolina Clinch; &
r:
.68%
360
4,100
Lowest
$ per share '
0•: ">y
:■«
:v';:
i.
>
class
A—1
Ry
Feb
Nov
:
.
.
Highest
•$ per share
Jan
Sep
1»A Jan
6'A Apr
20
Mar
>>■31/, Jan
1133/a
>
s
;
47
Feb
' Jan
; 10% Jan
;
481/2
..
20 'A
Jan
Dec
,72
,
Nov
21
.Dec
•
.
___-10:
Ohio
39
Dec
521%
>:>
62% Feb-26
par
101%
Oct
Dec
£■'
27%
3
•28
•
Dec
>
7y8
$ per share
25
19% Jan
110
#.
:.
r
1:*'(<&*>'*
•
Administration
25
27%
Jan
-Jan.
Nov
Nov
81 >; Nov
.)
Range fdr Previous,,
>>>/>:/ Year 1945 ••/>>>>/
i.
7
Feb
151/a
95
,
22'A Mar
Highest
le'AMar -. I
.
21
*
Jan
=57 ;
Jan
7
Jan
24
5374 Feb
.
9
'
320
:
47
28 Va
71
56%,
8%
Ry__
,'y
Cannon .Mllls_y^y____y_. No
40
133
*4514
28
55 y*
:'
*i32y4'
48-
*68
56%
1,400
56
132
•
261/4
.
17
56%
132
*45
27%'? 29%
16%
8% Jan
Dec
7>: ; 87 ;> Aug
.
4Jan 29 f
41% Feb 26
124% Mar l •>
53% Jan
4>
Canadian Tacific
/
Id
%
X30
I
17%
7
145/a
:",'3%- J anv -■ ■ 7 / >
-
>
2oy8;
62%
17%*
*$5%.
56%
131% 132;
Jan
Dec
>20%
105% July
3%. Jan
2
54
Zinc-Lead
Jan
Calumet & Hecla Cons Copper
5
Campbell W & C Fdy
No par
19%
17%
39
.4
Dec
111%
Jan
■'
,
,
39%
Oct
Sep
13%
3
9% Jan
'36
Canada Dry Ginger Ale common—5
$4.25 preferred
No par
Canada Southern Ry Co_;
_yJL00;
44
62%
•
Packing—par
105
Dec
37V2
•7'A Mar
*35i/8 Feb
109/ Jan
$p$rshdre
preferred.
Callahan
124% 124%>
:>/ 51 >;
54 y..
59%
V
5%
10%
42 Va
125.
59%
6%
30%
mm
1
California
56
*55%
6%
10%
*125
42%
Dec
247*8
59'A Mar
•32% Jan
;
40%
*55'4
Dec
427/a
>77%: Aug
i
>
>•39%
8
Range Since January I
'
Jan
9
109% Jan
29Yz Feb "20;/
STOCK
EXCHANGE*.
18%
9 >
>
JanV 3i
24% Jan! 3
99'A Jan
2
-
STOCKS
Feb. 27
$ pet share
-
29
:
Saturday
Jan
94% Jan
,'••' Jan 24'
6
22'%
14
•15% Jan
•
2
Oct
-
7911/4 Jan
:
Jan-10
109
fi
Jan
Dec
r-
Jan
:
14
Jan
■20
.
97
10
16
46% Jan
4
25
Nov
25%
■■/
74%. Jan
29
45
Feb
Dec
128
-
Jan
30'A Aug
•?: 20% Apr
45% Jan
;/
25% Jan4' 4
100-
Zinc
4
20%
Jan
10 '/a
'6
75% Jan
Byera Co; (A M>__ul^y«u«rJNo -pary
Participating preferred—
100
Byron Jackson Coy.i_,^_i_yo pgr
>
;
4%%
120
:
•99% Jan
26 '
38 % Jan
90
Jan > 2
>.28Va Feb
,•10% Feb'25
preferred__100
common—.:
3 ;
-
12% Mar
;26% Jan >9
3
Feb
3.6% Feb
^100
■
Bldg 7%
Bros
*2 *
26
108% Jan
J
23 l/a Feb
130 ?
Feb•25 >
V38
—No par
;
preferred
Butte
1 >
30 Vi
Inc,___
Terminal-
-Butler
r
107
Co.
Jan'-
30% Jan'
'
Bush
•»
29%
107i
21 % Feb
/
/Bush Term
27%:. w-
.'8%
•
106% 107
>31 '-31'%
,
-
*108%
.8%
29--
>
1
84
27%
•
93-
V>
yyWo par
Watch
2?
25
v
par
Burroughs Adding Mach
.
6%
84
-27%
8y«
31
_^_No
Jan-'
:'20y8 Feb
Burlington Mills Corp common-!—1
A%■ preferred* _j>y,.>iorf\
n!'
12%,T/l2% !'lv>
*108'%: 111
28%
103%
29%
j
17%5 *18
84%
•:
271/4
8
r
105
103%
-
*1081%
8%
29%
>108%';!llII/a
l^i/4
12'%"
>91-94
••92/.'"
26%
.
:
Bullard Co
Bulova
40% >41 -v- W>
*108% 111'%
—17%—18^
17%
84%
26
8%'.
8
!"
>
if
'
120
'
par
No par
Wheel—
1 Buffalo Forge Co„__;
1
>18% Jan;/3;>
_100
No
-
12
92%
,84r.
*
~
•-
Budd
35lA
36'%36%:
-40% / 40% —•"•39% -40% •
'108%
'•
:
y_5:
preferred
(ii G)
V $5 preferred
23%
35 y4
,>
40%
■
•
7%
>Budd
96- !
,
/
Bucyrus-Erle; Co_li___yi__-
:>
22'A
-
23'/a
'
39»/4
v
;:
125 > ?
■
-
95-
•
'
% 36%
39
'92
'• ?
•
20
**
21%
•
94%
23
*33%
-y:35y
85
26%
■
>
84%
■
121-
21%
40 /■
41% >
41
40%
*108% 111% Y >108% 111%
••'•.V-16%
16%: 18%
17'A
10%
.11%
12%
12%
"v
19%
*125
*33 £
37
37%
•
19%
-
-
20%
22% ,* 25f ;: & y
;
19%.;
126
95
•'
95% V 97%
*34
•.•
*125
55'A Feb^28
•126% Jan
2
—J00
Carpenter
Steel.; Coi_yy—__
8::
Carrier Corp ?
—10 /
,/>; 41/2% preferred
50
'pf Preferred 4% series-/—y__—50 "
Carriers & General
Corp—
y____l
134
46'A1 Jan 51
.
26'A Feb
26
70% Jan
t>'Cdse;(j I). co_y>y—_iy.—___25,>
Preferred >_
:100:
>
Caterpillar TractoEyyy.iyUV'o par./
•
4.
26
34
3
55y2 Feb
66
-Jani.3-:
'Feb
26
11
-
52
,
56
Mar
21 >.
Oct
.135
Jan;
32
30
Jan
Mar
116%
81% Jan 28
-
8'A Feb 19
41% Feb :26
175.
-Jan
2
Nov
49
Dec
33%
Nov
„
Jan
i
59% Aug
-..821/2 -Nov
Feb
60
10% Jan
Jan
77
>
5'A
Jan
Jan
.35%
>
47% Jan
183
Jan
L 43%
Jan
,175
Dec
Jan
-
71
NOV
66 V2
Dec
>152
47%
10
Dec
Dec
-
56
60
56
107%'
107 %>
;•
*107%" 107%.
; : >157
158 i
158%: 158 Va
59-
60
21
-
-
»IO714
21%
•
26%
27
21 y4
>21%
26%
11%
116'A'
"19%
V37?> 38 ' '
*115
26 "
*115
■; .is "•■
*27%
>
;.yi7
37%
158
,
26%
21
a
*115
18%
38
>38 %
30
29%
p
29'A
*28%
43 3A
,44%
43 au
16%
17%
*109%
110-
17%
119
•
38
:
.18'/a
.*110
.
2674
xy : ro,4oo
-
;21?
-
267/a
"12
27%
8,400-
11%
>.*115?;. ; 1161/4
<
>;.s 18%
s
18%
*38
39
;
;
^
32%
44%
18%
12,300
>:t- 130
.tCent RR of New Jersey
Central Violeta Sugar Co_.
Century Ribbon Mills
19,700
18%
'•
/
18'/a
112%: {-->110%
115
No par
Foundry Co__
1
Central Hudson G & E Corp.No par
Central 111 Lt' 4%% preferred—100
i
100.
Y/:
6%
'Feb 25
66
>371/8'
'A 'Jan 15
107 y8 Mar
1
109 »/2 Jan
14
155
2
1611/2'Jan
3
Feb
16
y 21%-Feb
i6
Jan
3
;
2
> 251/2 Feb
26
Y 10% Feb 26
> 11
Feb
26
112
'Jan
7
>.17.1/4 Jan
29
29
Jan
127>
;>*. 14%
Y 18'A
Apr
>
•:>
16
4'A
11 y8
109%
jan
3
23% Jan
17
25
>42% Feb
16
24
No par
42'A Feb
26
1
14% Jan
3
Products
prior preferred——
.109-'
100
Feb
25
29 '/a Jan
7
v
Nov
29
.
Jan
24
Jan
Dec
Jan
20'/8
Jun
Jan
13% Jan
Feb
i
110
>159
Jan
13% Feb
116
2874 Jan
37
?
Jan
;; 104% May
15
par
No
Cerro de Pasco Copper
Certain-teed
: 56
No par' > 22'A Jan
_20 i
20% Jan
Central
500
•; i 43%
44i/a
>
700
30%
;>•
~
preferred
:——;
Central Agulrre Assoc
/
1,000
'
30
lNo par
—No par
100/
ii
5%
'A 4,200
•-••;
2d preferred
Celotex Corp
t
2,080
-;. 11%
>
7%
19,500
-
Celanese Corp of AmerAi
$4,73 1st preferred—
Y
"
12'A
;
38%
.»
.17%
110
-
?
.18%
44
150
,21
12
116%
38%:
400
158%
.
•26%
■
12%
.
*27%
9,600
1071/8
*158
v
26% V
*17%
>
591%
107'/a
.
:i
21'/a.
u%
VI16'A
42%
;
"
•;;
11'/a
11%. vll%
*115
58%
27%/ ;
*18'
iw"
v
11%
116%
,
157
.
411 ">
17%;;
>
109
10%,
'"j 17%
,
18%
100
L
V
30
45
42%
s
593a
107% 107%
158
26%
'/12-y
10%
11%, y;>n
10%
58
107'4
1571/2
25%
21'/»
2714
24%
25%
25
*
'
.57:'
"•>«; 36%
48'A-
*109
*92
110
>
.
*•
95 >V
*36
4
45
>
36%
108%
*91
36%
45
*'441/4
110
95
v
110
V
95
110'/a
95
>
H'19>
*17%
58%
55%
14
14'4
13%
14Va
13%
14%:
23%
25
23%
24
24
24
19
,
12%
18%
,
18%
57%
>56.1/4
13%
12%
13%
30%.
31
30
30%
34
36 Va
31%
34
29%:
72%For
footnotes
,
45%.;
57'A
'
■-:>
see
31%
75','a
page
1176.
13%
18%;-"
58
*92 ••>:
*18
.
•
23 »/2
.'
24
13%
133A
35%
>•
„
.
29%
;30'4
351/4;
.
28%
70%
30%
72%
30'A
71%
31'A
73%
*44%
451%
>•
.>,'110%
19
14'/a
31
381/4
', 30%
*. y.
71%
.
>
v
'
23%
'.T35
-
•
c
-
-
;
;
150
>
C
; 5,800
:
13%
Chain Belt Co
tJVo par
Champion Pap A Fib Co
No par
>
Mar
40
Jan
32%
Dec
51'A Jan
33
Jan
50%
Dec
20% Feb
119% Jan
16
7
Jan
> 16%
Dec
10
■108
Nov
J^an
31
Feb
4
"'3 2,400
73%
1
;
12,900
preferred
u—.-No
4.
Class
-180
Chicago Great West RR Co.:
/
5%
preferred—
Ohlcaa"
>
.
Chic
Mail
Milw St
Series A
Order
PI
P
Co
vtc
preferred—
.—50
-50
51'A Jan
15
26
114 >Jan
17
Feb
19
111
Feb
27
21
i-NO par
100 :
>
>108% Oct
2
Oct
Dec
Nov
Jan
y8 Jan
107%
,23
47% Mar
15%
Sep
•112
"
>
33
55
-
>
Dec
Dec
Oct
28
Jan"
58%
Jun
:
:
2
2
Jan
'3
26
29
Jan
14
2
16
18% Jan 23
9% Jan
•
Jan
28%
41
Jan 11
•
Jan
20 'A Jan
,
;
63% Feb
Jan :.5
31% Feb
:
"21'A Mar
=108 »/2 Feb
par\
40 :
A
'
;
-
3.400
>31,100
i:
$4.50
43
26
45'
Nov
10%
16
34
Feb
;
Checker Cab Mfg—
c 95
1
8
18%
/Chesapeake Corp of Va—
-*-5-,;
^ f" 547/8
/ Chesapeake & Ohio Ry—i
25
9%
;
Chic & East 111 RR Co—No par
9,500
'
f\
30%
■
100
300
^P,200
10,000
301/4
..•XI-V3014
72%
y
;
.
351/2
;••
73%
1
23%
•
307/»
r
14
14
%'30
;t
300
/:■•■
19
57%
; 13'/a
,
'■or\
1,500
JC
98
*17%
>"
>••'
■
y 56%
'•
v
110% VV'-y.
4*92
>,
56%. ,58 Va
>>13%'
14
>/a>'
34
>>>. 38%
98
•,
;
30%
>•
38 i:
37%
*44i%
45'%
*110% 112 :
37%
Dec
Nov
115% Feb
\i20 % Jun
"
35
i 47'A
Dec
21% -Sep
31 V8 Dec
-11%
Y 13%
;>/10%-Apr
25
25»A
26 'A Jan
28
17'A Jan
25
v*
83% Feb
16
;
43
Jan
ey8 Mar
5%
i
28'% Feb
26
38% Jan
29
69% Jan
3
82% Jan
28
24
Jan
-
Jan
24%
Oct
66'/a
Oct
Jun
12%
Jun
•v.
iJan
15%
8
*12%
34'A Jun
.
.
•
•
27
Dec
33
74
Nov
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1168
Monday, March 4, 1946
- ■;.'■
,
.
NEW YORK STOCK RECORD
'
Feb. 23
$ per
$ per
share
$ per
share
-Feb. 26
;
Feb. 25
37
70%
74%
70%
30%
33%
•:-58-/::,.
•64
20%
19%
20
13%
3 2
51%
49
33%
.
77
79
"77
22 %
19%
61
230
•200
112
*106
112
Ul%
•111%
112
-
111%
•56'%
*107%
48%
48%
*112% 114
Xv:V 49 %
is y8
52
ii
19%
19%
19%
21%
22 y8
21%
22
35%
*35%
r
:'
X
23
'
22
35% -36/:/.
*35
-
"
32
*31
30
r
33
30%
*29%
41
.
,
*•'-//*•
'
•
i
42
:X.'/
116
26
21%
YY
3%'
4'A
Y// 124% 125 -
3%
104%
104%
104%';
39
38%
26 % /V.
26
26'A
26%
27
115
32%
31
31%
31%
46%
46%
48
48
33%
32%
39%
39%
38%
9%
34%
8%
v >
33
•
38%
-
-
32%
*48%,
32%
*40
40l/a
32%.
4- 32 y«
7*40%
8%
109
16%
17%
45 %
45»a
45%
27%
/Y 27%
30%
130%
,
32%
29%
32%
29%
44-7';:46.
27
.
Y 30 *A
s
40%
Y
39
41%
42 y8
'110%
15%
15%:
56
56'A
16
15%
55%
55%
■■55%
18%
20
19%
20%
:
36%
35%
36%
35%
36%
49
53%
.
.51 '
25%
-25%
54%,
56%
*52
55
'
'
..
3,300
25%
55
54
19%
20
57
"-.'-.54
-->54/'
-
"55
19%
19%
20
56%
*56 »A
57
x56
22%
23%
24
24%
X22%
62%
63
6i y8
63%
62
62
33%
:://
...
34%
:/ 33%
106
106
iw;
-
65
64% I
202% 203 X/
;/ 63%
203
/•X'
7-
11%
6
'
56
,
>
36%
*105%
20
24
3,900
61%
35 V*
36
5,600
105%
130
64%
105%
106
620
62%
6,100
65 Ye
63%
'
203%
203%
204%
10%
10%
10%
10%
7,600
6'A
6%
-6%
6%
7,700
64%
-
400
205
Feb. 25
Feb. 23
$ per
$ per share
Mar, 1
r
38%
,
40
40
112
32
M
•108
32%
/
38
38%
49%
/
38
51%
53
51%
51%
51%
51"%
51% >51%
51
51
30%
32%
30% -31
30%
31%
108%
108
123
123
45%
;
48%
|
122
45%
39
40%
22%
24%
f*
39%
/.■'
-
20%
37
50
75'A
74
9Vz
10%
29%
*130'A
35%
./
*x/' 9%
30%
.
44%
39%
460
24- ;
24%
>165
'i 41%
A
5%
39%
'< 37%
49%
22%
21
>: 143%
75%
75%
75%
40%
9%
10 /
9%
30%
30%
35%
/•
134
•
21%
*143
,
•
21% :'X
31
Z 1,700
•
"
68,800
/
,
8,000
Class
A
m
No par
No par
No par
1.
—1
pfd
100
Inc——No pat
■
r
-*
Cushman's Sons Inc 1%
"
35%
35%
I,
1
preferreduPrior preferred.——-Curtlss-Wrlght
$7
■
137
*125
36
Cuneo
-
Cunningham Drug
Curtis Pub Co (The)
25,100
140':
10
9%
Press Inc
500
/
144
75%
30%
135
x35%
■
75%
31
30%
*125
>-
35%
35%
11
Jan 11
"
5,100
•
Cutler-Hammer
"
I
Z'Z:':'
/.
23
23%
24%
26
24
25
25
*111%
113
23%
23%
111%
113
*111%
:
23%
24%
25%
24%
25 "
111%
*111%
XZ,
r
.
113
46%
48 */8
45%
46%
46%
46%
45%
*39%
40%
39%
39%
*39%
39%
39%
39%-
35
32%
32%
33
33%
34%
34%.
X43%
44%
42
43%
43%
44
44
12%
13 %
12%
13
12%
13%
26%
26%
26%
26%
26%
77
77
26%
77-'
77
30
32%
29%
30%
30%
42%
*42%
35
42%
*46%
29
For
footnotes
see
X.
42%
43,
48',/
■■'
29%
page
1176.
*46%
28
53%
53%
53
55%
f.
•
•
*77
54
77%
53
.
'
24%
24%
1,300
*23%
24%
2,900
111
X;>"
46%X/:X.
53%
Nov
Apr
41% Sep
53% Oct
35% Jan
155
Apr
Dec
183
May
59% Dec
Oct
72
130
Nov
/ 50% Jan
14
31%
Feb
4~9
Dec
107% Feb
26
101%
Oct
106
Dec
Feb
16
56
116% Jan
17
110
23% Jan
29
14
24% Feb
53%
111%
*
54
54%
46%
40
/
47%
:
=."70
v
1,900
17,500
40
•700
*33%
34%
•X
44%:--
43%
43%
.3,400
12%
13%'
13%.
13%
14,600 r
26%
26% X r'+-:
26%
26%
*77
r
31%
31%
80
Yv
*78
32
32%
43%
*42%
44
-41%
48
46%
46%
*46%
48
*46%
28%
28%
28%
28%
29
'
7,700
-
80
32%
43
700
so
'3,900
X
■
500
47%
'100
28%
1,800
Corp, N Y
Davison Chemical Corp (The)Dayton Pow & Lt 4V»% pfd
Davega Stores
Decca
/■
14 ;
28%
Jan
14
Jan
29
31
47
Jan
28
31
14
Jan
24 U
4
6%
partie-
100
Nov
50
Mar
%
Jun
50%
.
Nov
Jan
110 »A
Nov
107*% Oct
20
84
Jan
29
;:36
Nov
41%
Oct
8
26
Dec
28
Dec
Jan
.
16
39
Jan
118% Jan
12
110
Dec
25% Jan
11
'56
.
Feb
6
29
3% Mar
6
487 Feb
24%
106
115
45
4
26 :
»
15% Jan
45% Dec
35% Dec
48% Feb
26% Apr
8% Jan
6
15
17%
Dec
109%
Dec
50
Sep
113
93% July
.
37%
/
■
24
Jan
4#
18:
29
59 *A Oct
Jan
2ft
'
4
30% Feb
16
,
*
28%
Jan
Jan
19
16
12 %.
Jan
31
49%
Jan
56
O 57
Jan
16% Aug
27% Jan 1ft
67% Jan 21
38% Jan
30
29
12Va Jan
53%
38%
Jun
182%
Jan
6
28
Oct
71
i'
X
Oct
Dec
108
Oct
199
Dec
13
Dec
Jan
,7% Dec
3% Jan
7% Jan 2ft :
Dec
64%
.
58% Jan
.
Jun
26%
,
101% Aug
Mar -1
19% Dec
.
52% Mar
11;
Dec
55% Nov
47% Feb
23% Feb
Nov
.44% Nov
29% Jan
7
61% Feb
Dec ./
43
8% Jan
29% July
41% Jan 14 i
Dec;
17% Dec
10% Apr,
8
Jan
.
.
Jan
.
63
5
Jan
3,
Feb 26
Jan
v
Deo
45
115
Feb'X40% Nov
108'A'Jan
106% July
10
718% Feb
40% Deo
25% Jan
17% Aug
12
113% Jan
2
Dec
22
'
•
;
7
Nov
Jan
28
109% Jan
Jan: 21.
34 *A
109 *A May
Sep
17 y* Jan
Feb'15"
Jan
7% Dec
.
Jan
11% July,
26 26' r/.38//Jarix/9/
47
Jan
8.'
26
>
Nov;
31%
7
5
33% Jan 17
4'
NOV
,
39% Oct
19% Jan 16
18
.48
50
6
Feb
:
109% Jan 28
X
.34 y8 Nov
29% Jan
19
-
Dec
26% Mar'
10% Feb
36
124%
28% Jan.
722^ Jan
10
Jan
46% Jan
Dec
4'A Nov
Jan
37 'Jan 17
7
Dec
25%
Jan
-
35% Jan
55
53% Sep
118%
♦
15% Aug
.1
4% Feb
132
Feb
<
26
1
11% Dec
Jan
30% Feb
41v
Jan
!
Year 1945
X, Lowest >
Highest
Range Since January 1
Lowest
Highest.
.
■
$ per share
tper share
25%
44 Feb 16
109% Feb 25
35% Jan 14
26
2
28
-,
1
-39*AFeb
62
37
Feb
21
110% Feb r 5
3 /• 130 Feb 16
28 / 54% Feb 16 /
Feb 25
106
;
35%
_
30%
NOV
NoV
52% NOV
Jan
1U
Jan
Aug
Dec
124
Oct
87%
Dec
53
112
Dev
25
114% Feb 16
Dec
Jun
X. 59% Dec
Jan
106%
Dec
34%
41
Nov
20%
8
Jan
49%
Jan 14
54% Feb t 6
35
43% Dec
108%
Jan
28% Mar
•
3
26
27
3
tper share
Jan
99 y8 Aug
24
Nov
.
46*A Jan 8
16
Mar
287/a Jan. 10 ;; 145% Jan
165 ./ Jan * 8/ : 25% Jan
39*AFeb 26 Z 50% Jan 14 v 99% Dec
99% Jan 2 . ;.104 Feb 15
29% Apr
35 Jan 3
;. 44
Jan 30
28
Jan
48% Feb 7 / 56 Jan 2
9
Mar
20% Feb 26 X 26 Jan 24
122% Apr
142 Jan 21
146% Feb * 5 X 59% Jan
73 Jan 17
76% Feb 15 j .
5% Aug
>.v:^7% Jan,;. 2
12% Feb 4$$ 18% Jan
f
27
Jan v 3
34 /b Feb 4
118
Sep
X*l29% Jan 30 - 129% Jan 30 if. »25% Apr
»''l'y'jivl
33% Feb 26
43 Jan 29 ^.
38
Feb 26
22% Feb 26
160 Jan 5
•vX 42 ;z; Dec
29
Dec
X150
Sep
51% Nov
102
Nov
51
Sep
/ 56
/: 24%
Dec
Oct
Oct
154
75%
Oct
Nov
:/•/ 9
30%
Oct
Oct
125
37%
Dec/
28
Dec
■
• t'<
"X/
>
23
Feb
'-';
Feb
19
111,
.■45
Mar
1
Jan
2
42%' Jan
5
11
37% Jan
4
30% Jan
*
Dec
-16 *A
Jan
28
113 i Jan
7
108 */a
Sep
114
Feb
16
"
58
Feb
4 >■"
,
33
<
39% Mar
34'/2 Aug
4
22 _.Aug
34% Jan
26
50% Jan
29
.12% Feb
26
16'A Jan
16-
25
Jan
3
75
Jan
14
27% Feb
18
?
21
77
25
■'
67 '
33%
Jan
40% Jan
43% Jan
,
28
Feb
Jun
16%
Jun
25%
Jan
Jan
-
28
Dec
57%
•
4
Feb
Dec
47% May.
"40% Dec
77/a Mar
■
Dec
Nov
r
-
,
4
49%
Jan
5 '
40% Feb
37% Feb
•
18 -
50% Feb
Feb
42
A '
27%
28% Feb X 4
29
26
24
No par
preferred———23
fin
-„3*
nop
Jun
46%
Mar
106% Feb
23
26
26
.70
1
Hudson:—
Delaware Lack to Western
-50
Detroit Edison
20
Detroit Hillsdale b 8 W RR Co—160
Devoe b Raynolds A new——12.50
Delaware to
Diamond Match.
46%
Jan
90'A
16
110% Feb
205
No par
20
-10
100
b Co
Preferred
Delsel-Wemmer-Gllbert
t
28
50% Jun
25% Jan
47'
Jan
18% Dec
Jan
Jan
38
2
5
1
Records Inc_
Deere
.
Nov
39
4"
Jan
Aug
28
Jan 18
41
3
199
Dec
115 /
16
105% Feb 5
63!/2Feb 26
\
50%
34% Jan
•
24%
•24
"
Jan
140
Feb
67
Jan 21
109
100
30
100
5
Stores Inc—2,50
300
38%
49%
X
10%
200
No par
100
Sugar————10
preferred .Li
Cudahy Packing Co
4%% preferred
3,000
No par
3
No par
No par
preferred—
Cuban-American
10,000
104
*37%
75%
♦128
140
;
22%
143
x".
16
200
34%
Jan
preferred——100
1%
*48%
38%
*48%
>
preferred
Cuba RR 6%
X
*103%
104
—
Crucible Steel of Amer__
900
■.v
Zellerbach Corp
$4 2nd
7,400
38%
;
48
.v.'
29%
28%
33%
37%
■
21%
75 A-
Jan
3
Feb
107% Jan
31% Feb
38 Jan
49% Feb
51 Feb
29
Jan
107
Jan
115 Jan
/
43% Feb
No par
preferred
$4.20 preferred
1,000
110%
38%
41
/
43%
-
•
$2
390
110%
46
110
143% 143%
9%
*130*A
140
125-
48
142
142
74 *A
125
*103%
38%
•37
/
21%
20%
22%
125
38
104
/
68%
Jan
Jun
*
4
5
20
v 38
No par
Cork & Seal-;
Crown
Crown
10,100
109
--24V-'/ 25
42
*103%
103%
37
♦46
143 %
142
109
*165
41%
: Oct
Nov
$ per share
2
(The)
Cream of Wheat Corp
Crosley Corp (The)
'
103%
39
50'A
50
24%
40%
39%
42%
38
23
•165
:
31%
31%
108*%
110
:/
38
38%
23%
22%
104
*102
39
38
115
Jan
44
109
"
*
common.——--25
preferred
.100
3%%
900
52
*51
31%
43*%
46'A
110% 110'/a
•165
May
59
10Va Feb 26
'. 5% Feb 26
Co
Crane
2,300
52%
52
51%
52
31%
•122%
122
45%
■; ■',
46
109
Dec
105
109%
60% Jan
52
Jan 14
22 JA Feb' 26
6iy8Feb 26
33yaFeb 20
Par
1,900
1,700
38
108%
i/
109 >/
♦108
122%
'
109
110%
*165
7
108%
122
109
•
*51%
*50%
51 %
108
205
89
Range for Previous
EXCHANGE
:,
400
32%
X38
38%
38
38%
38%
38
v
.
STQCK,
NEW YORK
9.300
112
*31%
31%
31%
32
Y
39%
*108
112'://
*107%
'
39%
40%
40
40%
112
31%
32%
Dec
170
156*
25% Feb 26
54 Feb 2
■ 17 % Jan
3
—
—1
Corp——i——ni
Coty Inc
Coty Internat
Shares.
$ per share
$ per share
$ per share
>108
72%
Jan
Feb 25
40
.
-
the Week
41%
Jun
Nov
53%
2
9
3
26
25
1
20
26
llO'AJan
Continental Steel Corp—No^ pat,
Sales for
Feb. 28
109%
39%
108
32
Friday
Feb. 27
$ per share
share
Dec
25
Jan
49
STOCKS
Thursday
Feb. 20
•
9%
5
40% Feb 26
.
No par
at
3,800
57
24
7
20
-
;
$3 pjrlor preferred—.—No par Copperweld Steel 'Co—X———.5;f
Conv pref 5% series——.50
Cornell-Dublller Electric Corp
1
Corn Exch Bank Trust Co——20 •.
Corning Glass Works common
5
>3%f* preferred—;
100 /
Corn Products Refining—.
-25
Preferred
-——100
120
\Cy,i
19%
19%
61 %
36%
Inc
$3.75 preferred
,
;
Wednesday
Tuesday
Monday /
/ Dec
110%
4
32y8Feb 26
Continental Diamond; Flbrs——:15 .
Continental Insurance
10
54
Continental Motors
1
17%
Continental Oil of Del
9 X 35%
LOW AND HIGH SALE PRICES
•
Saturday
30
68%
105-
100
44% Feb
38 V2 Feb 26
'booperyBesseme? Corp—No par
10%
'6
Aug
Jan
/ 6 % Jan
102
1,500
55
.
*56%
f
22%
61%
7
3
65
204
10%
5%
Jan
Dec
58
Nov
107% Feb 25:
1.^00
,6%
64%
*203
10% :
10 y8
6%
10 %
106
♦105%
7
68
203
.
/34%' 36%:
105% 105%
34-',
:
*54
•.
xi9%.; 19%
19%
*56%
25
*56%
23%
V,
.
26%
55
20%
140y4
93%
57 y« Jan
'32'A Feb 26
...9
19 ■
Gas
25% :)0i,8
25%
.25%
"25%
25%
{
44,600
'
25%
Jaii X
106%
,
36V2 ootj
55
oil
*52%
-
300
4.500
,20%
20%
Cx36-V
36%
29
par
No par
Continental Can
13,900
,
.n*/*,
Natural
5.-,IX. $5.50 preferred
300
57% or*
56
20%
,
36
52
/
52
20
'
,
7,500
7:7/ 7-
112%
15%
5,500
■
41% "3.7
40%
'260
•
106
3112%
16
15%
21
7 "
340 y4
-,f//
13'A
£: 15%
112% /
19%
52%
-3,700
2,800
,13%
pa*
16% Feb
42% Jan
Consolidated Vultee Aircraft
1
v 26% Feb
7 $1 25 conv pfd
No par 7/ 29% Feb
Consol RR of Cuba 8% pfd
10O ; / 38
Feb
Consumers Pow $4.50 .pfd:
No par
£ 112% Jan
Container Corp of America
20
37
Jan
Continental Baking Co
No par
12% Feb
-24,300
39%
*103%
•
42%
41%
113%
56%
,
28%
,40
13%
104%
104%
"
;35%
.
40
13
-
par
preferred—No par
Consol Laundries.-Corp—
Consolidated
,
39%
/-7-4
: '■' i,.; $5
U: 5,000
113%
/
39
mi
16%.
57%
15%
28
;;
113%'-
*110%
41%
113%
Jan
42%
18
193/B Feb 26
7 2% Jan
2
7.1123 , Jan
2
31
Feb 26
7 7 42% Jan
2
Consol Coppermines Corp__
S
Consol Edison of N Y——No par-
2,200
•
j
103% 103%
104
♦112%
113%
13%
13%
12%
•102%
43
41%
,39'A
41%
38%
102
102
113%
:///
X
•'
91%
Dec
Dec
NOV
:
10
i
i
47
46
28%
38%
31%
mxv3%
-113% -113%
14
13
f
27%
28% /
Consolidated Cigar—
.
900
17%
17%
.
*.-%f 113 Va~113%
$->/. 41%
42%
•'
■
400
24,800
;
108% 108%
17%
45% "46
17%
'
38
39
38 i
39
38M»
;
;
:
\44
26%
Jan/
24
5
Feb 19
112
par
No par ;
No. par 7
Congoleum-Nalrn Inc
.26,800
33%
1.
16%
17%
Jan
Jan'
66% Feb
Jan
47
100-
-$3.60 preferred
Commercial Solvents.
'
3,300
•
^
33%
107% 108
*107%
17
-
9»A
■32%
-
107% 108
107% 108
M '"l7 Y'
•
48%
33 lA
Commercial Credit—.——.10.
•
—No
Commonwealth b Southern—No.
221,900 /
7 ,s6 preferred series
No
;
5,100
Commonwealth Edison Co
43,300
Conde Nast Pub Inc
No
.500
:
0, 31%
x33%
33%
32%
16
29%
Dec
100% Jan
42'A Feb 26
104% Feb 4
.
•
S
9
8%
X
8%
:
31%
.
.
100
: 124%
124
48%
39%
34%.
-39%
Dec
Jan *:
__
>
.
6,300
4
3%
/
126%
31%
33%
/•X://: 8%
•;
*48%
31%
50%
32%
64
;
108% Jan
178 'A Jan 11
62
Jan 23
453/4 Jan
112
Feb
16% Jon
21% Feb
35% Feb
30
Mar
:29% Feb
40'A Feb
x40 "./Feb
No par
9% Jan
' Columbia Gas & Elec
v..preferred series - A—U-i.-■ 100 /: 109 'Jan
>
5%
preferred -:
100
102% Jan
37
Feb
* Columbian Carbon Co. (new)_No par
Columbia Pictures New——.-/- '
24% Feb
y
16,100
20%.
20%
4
124%
<M-
127
124%
3iy.
3,000
.vV.,'
50
20%
60
V
1,300
,
118
3%
48
33
50
*114
20'A
20%
•Z'F: 3%
.
50
115
49%
49%
116 1
20%
4
>
38%
*112
% 124%
124
104%
39
20%
19%
110
38% /
•49%
-
1,100
110
26
,
120,800
11%
11%
37%
XX
51
*111%
1
42
*41
110'A
104%
1041%
105%
Oct
Jan
74%
10
Coca-Cola Co
^
42 'A
41%
42 'A
-
-
110
:
noy8
*110
110
37%
,
116i
>1$%
30%
*29
11%
'
•'
30%
11%
51%
*111
36
T
30%
41%
,
•:
22
*29
11%
'
49-
21%
&& 30
41%
47%
26%
",'XX 25%
'y*. ji;
i9»A
31%
11%
37
24%
.
-
36
42
,
59%
15%
113% Jan
v
-
114
21%
42
110"
38 Va
31 Va
,
50
*34%
21%
11%
'*104
104% 104%
,
•48%
*30%
41 %
X
110
110
V
Jan
54
100
•
*34%
-
41%
11
Dec
49
8
,
•
18%
41%
12%
'
109
19%
41%
'
11
■
114
40%
41%
Dec
37%
19%
Jan
(The)^^^—-lifo par.
•f
390
/
Class A
—
~~No par
VrCoca-Cola International Corp No par
No par
s.loo.' Colgate-Palmoiive-Peet—
: 140
$3.50 preferred „j—No par
No par
2,000 * Collins ez Alkman
5%
conv
preferred
100
Colo Fuel & Iron Corp new—No par .v
14,000
5% cum conv preferred
20
4,800
Colorado & Southern^—
100
120
430
4% non-cum 1st preferred—100 20 *
4% non-cum 2nd preferred
100
Columbia Br'd Sys Inc cl A
2.50 ;
'■*/ 2,600
7 Class B
2.50 , .
500
--
45%,
45
*112%
-/
*40%
42%
41*%
*, Y
65.'
64%
66
Jan
54
108
105
Jan
2
ill1/* Jan 31
Clev Graph Bronze Co (The)
1
57% Jan < 2
5% preferred
100- .; 107
Jan 26
Clev & Pitts RR Co 1% gtd
50 7 99% Jan 7 3
Special gtd 4% stocfcJ
50
56% Feb 19
Climax Molybdenum
No par
37% Jan
4
Cluett Peabody & Co
No par
50 Va Feb 26
Preferred ........^..^.^....100
152% Jan " 2
300
-
*107%
19 VB
30%
*29
49
*112%
-
32
31
189
iSi
44%
49
36%
32%
4,600
V
...
49%
114
39 »A
*182
*107% 109
109
♦112%
7,800
158
1
'10
/
*1185
44
43%
107%
;
-.
53%
52%
*1185
44%
43
42%
,107%
;
100
■
Jun
Jan
Jan
>-n-
*1185
*1185
109'
38%'
65
64%
103
*155
185%
185%
64%
'
49
.
'
64%
64 Va
/
38%
158 V
,
»;
$6%* ,56'A "
52%
.
*155
158
185 /: 185
185
•
"52.
51%
51%
*155
*100%
*•
58'/
1,000
64 Vz
108%
*106%
103 /
,38%
39
38%
38%
51%'
64%
*112% 114
18%
19%
J '
•56%
Y
158
Y: i85
46%
43%
::
4.
58
65
*io7ya
■
*100%
50%
*1185
X'-v-:.
'y-*/ y..;, x
103
37%
190/
.
T'
*100%
*155
158
*185
64%
YvVv/'; XX"
103
53
•154
'
*100%
40
%
52
,
*106%
49%
25%
17
par
Ilium $4.50 pfd——No
El
Highest
$ per share
$ per share
$ per share
share
43% Jan
preferred
5%
Clev
130
112%
*61
v62.//'
108% Z
x61
108%
58
V/'/r;/ 10
112
*111%
112%
112%
;
•108
*56%
1,800
60%
*106
60
60
"
..
108%
58
•56'A
'111% 112
61
108% '
10
3,300
V
205
*190
*106
112
205
•108
108%
100%
•108
X 100 Vs
38
58%
64
61%
r:0p0.i
•106
*
60
5""?/"'-
per
■-
2,400
21%
60%
*192
205
12,300
,
108%
20%
61'
60%
61%
60%
29,900
v
74 /
*107
20%
20%
20%
205
205
•106
*106
;
;
.
160
34;- /
33%
*72
108%
3,400
>
52% v;
50%
72%:
20'A
21%
59
123
■
900
•
V
118
/'
33%
72%
108%
— 44
'500
.
-r
/
^
13%
120%
/-■
33
74
♦106
no
•200
52
33
74
60
21
X60
51
,
;
Year 1945
i__No par
37
Feb 26
76% Feb 16
100
69'A Jan 4
6
37% Jan
LNo pur 77/30% Feb: 25
v59 % Jan 11
No par
,
56
Jan /3
.167% Jan 17
No par , ,: 63'A Jan .'; 4
2
25 'A Jan
No.
20% Feb 26 37
16
Chickasha Cotton Oil
10 v. 19% Jan
7, ■ ;22% Feb
8
15" Jan
tChllds Co
No par ,
12% Jan 21
18
Chile Copper Co—,
29:,
42' Jan
8 "■ 749% Feb
141
Jan 30
Chrysler Corp
9
117 Vs Feb 26 :
Feb v? 1
Clnn G & E Co pfd 4%
series—100 >/> 114
Feb
l;./ 114
C I T Financial Corp.——No par
48% Feb :25;>,: 756% Jan 15
35% Feb 15
City Ice ft Fuel—
—No par / 28Vi Jan
4
86% Feb
1
City Investing Co
;—No par
esVa Jan
3
107
Jan 11
5ya% preferred
100
1 104
Jan 3
24% Jan
8
City Stores
5
19'/a Feb 26
71% Jan 18
Clark Equipment.
No par
59
Feb 26
205
Feb 27
C. C. C. & St. Louis Ry. Co
100
205
Feb 27
240
.
'.I/..
*113%
i'
123
118
33
!
77
.
•106
10G%
106%
33
:
•>*43
'..43-
:
-50'A
118
50%
50%
32
48%
32%
'
43
:119%
*113%
122%
'/ *113%
118
'
wi
Chicago fneuinat looi-^.
>-$3 conv preferred—
Pr pf ($2.50) cum div
Chicago. Yellow CaD—
200
22
13y8
*.
Lowest
V
EXCHANGE
Lowest
Highest
preferred
7 5%
X'":/ 3,900
,
Range for Previous
Range Since January 1
" Z;
:
Chicago & Northwest'n w
12,100
,4,500
X *20% ' 21%
13%
YORK
Par400 $
'
65 %
*20%.
22
'13%
Y
I
58
65
*2oy8
...
,
44. X
v":;
120%
122%
117 %
•113%
116
*113%
*42
43
43
45 Va
126%
v;
20%
20%
13
»A
i:7 7':
Shares
74JA
32%,
4*56
65
20%
4-&v:i20%-;r 20%i
32
;
•64
.65
12%
33
58
.,///
39%
38%:,
t 73
74% X
-
*55
56%:
-
20%
12%
12%
.
•.
;
20%
20%
44
33
:
2 PA
20
.'
33
•64
21%
.120
72%
56*%
...65
%
72%
32 V\
32 VB
"56
57 :;
65%
57
'65
72
•
39%
"
72
„
Sales for
the Week
$ per share
39%
38-40
38%
31%
■■
;,
'
'
/.I
39 J/4
37%
/
$ per share
share
$ per
share
'
Feb. 28
NEW
Friday
Mar. 1
Thursday
•
..'A.;//:.STOCK
STOCKS
/..
Tuesday
"'Monday
Saturday
PRICES
Wednesday
Xf/"X/ Feb. 27
SALE
HIGH
AND
LOW
Dec
75
Sep
Deo
3
35% Jan
28
25% * Dec
3
•
29%
44% Feb
8
33
Aug
457/8
Nov
49% Feb
4
40%
Jan
48
Nov
34*A Jan
14
16% .Jan
35
Dec
15
26-
)
Number 4469
THE COMMERCIAL & FINANCIAL CHRONICLE
-:;V
.
•
"
'
•
•
I.
*
I
l
••
•
•
•
'
r
'
'
•
"
•
f
•
**
•'
I
•
n
■
NEW YORK STOCK RECORD
LOW
Monday
•4;" Feb. 25
PRICES
v"
Friday
Thursday
Feb. 27
Feb. 28
Sper share
$ per
.»
:
Sales for
•V; Mar. 1 >■ .y
86
105%
86% <87%
105%
♦105
X87%
107
88%
*105%
88
*105%
110
: 1
:;-i"■'
4.700
HO'/g
v
200
4
■
Distil
1
*-
29
>•27%
26%
27%-
91 %
95 Va
"x40'/2
40%
53%
,
-
-■•
' 53Va
' 26% r
*113%
'»
41
41
'53%
53%
41
'
53%
*
28%
53%
26%
-
r
-
110%
-v.* 110%
25%
--
*
f '44
% 190
: 130
-
129
116
J * 20%
1
!
X;>:
101 !4 107 %
'33 Va
19%
221
230
'
197% 197%
•
63y3
114
12%
•"'■
'26.
'
Cthaa
V
AX
21
24 >4
'
6
154
'
„
155
-
140
-
-
.
143%
52%
/
-
-24%-26%
'
28% , 31% XX •
X
'•"82
80
109
106
107-
>105
yXnOTX'.
X
iiy
19%
,
26%'
26%
"55
4£>>55*XX
*107%- lOfr'/a-
^105 v
-
M07
10%
lO'/a
9%
9y«
66%
67%
29-
30
16
17% X
f
63%
'T-
X
-
108
%
fir
22%
23%
22%.
>
;X
-
48
49'
*27
:
14%
54
58
29
31 %
65%
66 v.
72
64%
69%
108
64%
72
v* 65i% > preierredj
:
Erie Rft
.
108 Va
56%
56%
36
16%
17%
47
47
1
84
Fairbanks
4,000
"
i
Co
No
74%
".
17%
79%
41
41%
42 •'
73
74
40
27%
28%
•147
28
31%
148
29%
27%
>15%'
6,000 X;
Federal
9,500
152
-17""^
.-
"•
•
18
*79
;
6,800
*79
81%
41%
43
75%
75
39 XX
;&6l%
■
170
Motor Truck
31%
:
*
147
75%
75%
'
1,800
Food
39
39
39
X;,XXX.
2,800
28
*27
31%
*30%
XV31%:XXi;X:;X
2,300
150
150
28
*147
150
1
Jan
40
62
24
Feb
108
r
16
15
Feb
-
•
81
Sep
2
106 Va Jan
-
-Dec
107 V*
Dec
28
37
Dec
Jan
106
100%
:
Jan
Sep
Sep
July
July
July
108
2Q%
86-
Feb
•
'195 >7' Jan
i
.<>
X
21
110
Jan
>■
29
30
65% Jan
13
10% Jan
28
75
Xj&H
20V»
Dec
Jan
28%
Dec
Jan
62V» Nov
6
Jan
28
35% Jan
23
13% Jan
9
13
1-fo Feb
26% Jan
10
17
2
112 V'2 Feb
13
Dec
X-
Nov
'36%
Nov
104
>
16
20
9Va
XJan
•
26
42%
X'x;
Jan
25 V«
Jan
>
65
20'%
Dec
Jan
26 v4
Dec
Mar
>12% Mar
,;;■•/
4
54% Feb
7
25%
Jan
llOVa
X,Xv 42%
Dec
26
32 V2 Jan
10
23 Va
Jan
32%
Nov
> 18 V» Jan
14
9%
Jan
18
Dec
28 V,
Jan
XXX 59%
Jan
107%
41% Jan
Feb
26
v50% Feb.,;26
•
"Nov
••
15ya
26
106
Jun
Dec
=92-
42%
Feb
26
4% Nov
>11% Jan
r
22V* Feb
:
109
>;
May
-86
14
*;32% Jan
.3
9
101
17
X 22J/a Jan
26
26
8% Jan
Mar f l-.
•
Dec
100 Va
15% Feb
.
Nov
27 V*
Mar
103
Jan
X108 XFeb: 7
28% Feb 26
Jan
Jan
•34
5
25
Feb
70
3
Feb
7
'~'QA% Jan v-9
21
Feb
9
16
"64
50.
29 '
109% Jan
34%
21% July
7
80% Jan
*
103
Dec
Apr
Nov
Apr
5
42 Va
Jan
X.
Jan
Nov
70%
•
105%
X
Feb
Oct
63% .Dec
Jan
53% Mar
17
26
110% Mar
60 r'% Oct
..
49 Va
49%
50 y.
50
51
37
38%
37 %
38
10,100
Nov
53
Oct
16%
Dec
18%
Dec
107
?"t;l6% Jan- ; 3
.;41
Jarr 11;
X
18% Jan
50
...
14
Feb
Feb. 27
Thursday
-t}
2
21% Feb 16^
67% Jan
4
86
Feb
2
47%
Jan
33% Jan
2
■§ 48
Feb
13
15%
Jan X
72% Feb 26
'77
Jan
59 Vi
10
:
9.
t per share
f per share
$ per share
75
Dec
Aug
80%
Jun
Jan
44 Va
Dec
Jan
43 Va
Dec
27
Dec
y
'-
iO
37% Feb
49% Jan 17
26 y3 Jan
9,
28
9
25
Jan
2
35% Jan 28
14
Apr
pfd—100
142
Jan
19
Mar
X, 47
Feb
26
NEW
25
:
-
par
26
34% Jan
STOCK
VOKii
Jun
35»/a
27
the Week
Dec
13%
6% Mar
;
25
Sales for
Mar. 1
:
X-XMXX Dec
'11 Va Jan
-
Friday
Feb. 28
.
30% Feb
•150
Feb
X 146 XX May
28
J18
28
34
Jan
51%
45 Va Jan
4 '•-,;
Lowest
Shares
■•'•
Feb
29
35
Deo
36
S per share
Lowest
Highest
:
Nov
Dec
.
Range for Previous
Year 1945
Ranee Since January 1
EXCHANGE
■
55% Jan
STOCKS
Wednesday
Feb. 26
Dec
111%
Jan
23%
18
100
Machinery Corp..
PRICES
Tuesday
Jan
,59% Jan 15.
1
F'k'tt Simon & Co Inc 7%
2,700
37%
38%
July.
41
41% Feb 16
115
2
26
Feb
wreeoort Sulphur Co.—10
Fruehauf Trailer Co new——1
40
49
36%
$ per share
::;20y» Mar
85% Feb
111
....10
Corp
:
6% prior preferred.
Francisco Sugar COXiXi,iXX-No'
110
49%
$ per share
&
-.••I 37 Va Feb
:
.
Jan
*:
Foster-Wheeler
%X
357/8
>>v
Jan
68 ya
r "14% Feb
Food Fair Stores Inc
47
Feb. 25
29V3
h ,'; 93 '
•110% Jan
1
Follansbee Steel Corp
....
5% conv preferrtd.i....
4,000
35
Monday
21% Aug
•
Feb: 26
-
No par
J.
43% >44 :mmM
"
51%
SALE
Oct
2
30 % Feb
Jan
No par
a*
Corp
31
-
37%
HIGH
48%
4
preferred...^..^.100
28
-
49
AND
34%, Mar
12%
17% Feb
...8
'
35%
LOW
Dec
H:
Jan
:
42
28
147
-Dec
55 %
28
52% Feb
y
15
:
Federated Dept Sfres-lV-
40%
30
158
146
23 '/a Jan
•
2
' 56%
74
*26%
Jan
Jan
Aug
i
54% Feb
80%
39%
■-
43 Va
"1
.108
J18%
82
37%
"
103
^
28
v
17%
40
148
45-
X 72%
-<
109
24
30
34'4 Feb
39%
•75%
6 :
6
<
19% Dec
,5% Jan
110% Jan
16%
41%
30
16%
Dec
?
,
f
23% Jan
;
46%
w :
*42%
ii
>:^'6l%-JanX:Si7
par
No par
Enamel
Dec
7%
Va Feb
Traction
15%
Ferro
Dec
24»A
•
—
conv
71
Jan
4% Aug
3% Jan
-
2
L
!
Federal-Mogul. Corp_.____,
4'/4%
:
31
3Va Jan.
,
Rights
&
Jan
14
.
55
>
7-
105% Jan
4
Dec
17 -Jan.3
a
Federal Mill & Smelt Co
220
25
Jan
I
;
55Va
108
!>- Feb
.-
Dec
13
56 V» Jan
:
;;5
4
&
170% Feb
-3 "' 157 V3 Feb
26
Dec
112
42%
28
7 104% Jam 10
Noipatt
$6 preferred
';
>
800
600
26 y8 Jan
5
-
39 Vb
Aug
May
8 'At
5
4
32
24
106
24
2
"104
?
Dec
25
7% Jan
3
Jan
109%
28
80 Va Feb
Feb; 25
-;,
Oct
Sep
July
Feb
27% Feb
' Jan
Jun
104
16% Jan
114
j
7
Feb
Dec
-
66'/a
10
3
Jan
200
Jan
28
21
Jan
229
Jan
Nov
49
Feb
26 i X
Jan
Dec
Dec
35%
July
185-X
39% Jan
3
19% Jan
75
170
21%
134
32% Feb
110
4
-
Jan
'24
"
Federal Light
-r
9
11
'
20
Farnsworth Televis'n & Rad Corp.l
X-
Feb
'106 ^Jan
Corp..
Morse
Jan
71
>46% Jart'; 2
'
Exchange Buffet Corp..
•
; Feb
199
26
11
;
IW
Cleaneri.
Co
ExJCell-O
y
256
8
Feb
^:94<
'
1,600
26
28
Oct
"
si v4
40%
*27 y2
17
43%
28
114
46
16%
?
18%
82
*111%
44
42%
16%
39 VB,
111'/a
Feb
Jan
Feb
67% Jan
37
X'
Jan
X
-
56%
35% X
42
Jan
Jan
18'/»
61
34%
111%
13
*39%
38 V3 Feb
2
X66
56
«
24 Va Jan
123% Jan
192%
83
:
.•
24,600
201,300
Jan
5
13
r
No >par-
common.—
Products
155
26
Feb
30 V» Jan
62
71
38%
46%
Mar
i.111% Jan
108 Va
58%
112
Feb
117
6% Dref series A
Evans
:
(
2,100
35%
45
129
Oct
t
Bldg
Eureka 'Vacuum
,
.
2.000
3,400
:
2.9%
54%
111%
Jan
113
f. 4,300. .Z Fajardo Sug Co of Pr Rico
*48
*107
125%
5
108% Jan
^i-?";-r::Erie-dp Pitts rr co
4,900
X 2,500
;
,
8
;
Nopar
No'par
i
Dec
2
215
50
c
.
Dec
34%
.
Jan
65%
69 Va
108
108
.
.-A-.
x
>27%
"
56%
108
29%
t
16 Va
'
' ,%
113
x27Va
15%w'.
15%
29
64%
73 Va
108
.*46'/a
Corp
Dec
30%
Aug
Feb
;
^
r
113
Mar
116% Feb
Co..*..^.j.4- >*>24%
44ir
.'JEqnltable Office
?
900 v,v
23%
23
V48
*1.07
9%
^-
_,
Dec
Jun
132
5% Feb
15 preferred..
r
34,200 ':.
-
..
,/.»
.
*110%
55
108
28%
x
23%
27%
9%"
'
'
27; 100 -
:
65 Va
113
*26%
^
cSl'/a
,
i__
<
Oct
33%
204
f191
'<t;Sy-^'176:yv^>'$6rDreiefiett-i^*^LL-iu^;UiNo(paf"y
-
12
20 V*
111%
4
^^8
preffTr^d
,■
,
Engineer* < Public Service
190
"
(
*
•%-*" 17,200
yr
220
-28'/a
*111%
15% X
:."54%XX
50%
»-9V4>
rVa
26%
*107
*
54;.
28
48
26
16%
107% 107%
--*9%
.
.22%.
108 -,<'
<
27%-.27%.;;4<' ;;27Vao.'.-27 Va.
m54s>■.-54
"
15%,>
113
108
29
28
•19% F6b
,3
flaw
Johnson
nnaicou
"70
Xl8%v 19 % ■:-
*64
46%
28
14%
••/.•< v,.»
-•>;18%:.Afl8
-
23%
*111%
%•£;
i^83%^--V84v^>v's>' v- 83%^ 83% <
V*90% > >95 •Svi^!*90.%957 (#;
16%
% XX. %' <
•'.
lllVa 113,
10
- :35
Jan
Jan
>38%,Jan
'98
Emerson Radio & Phonograph__;_S '
,
35
115
>31
28
Dec
115
Apr
3
shares
-Erherson Electric Mfg
•
-
>
vlOS^vvi 105.«^>
108
4 iEl Paid-,>Naturwt
27
2
33% Feb
tThe»
Am
17
.
Dec
167%
Jan
'8
-
<•.
1,500
4»/a XX ;4%>XXXfe>4%^!''4%>:
18.%- - 18%
i 18 Va
18%
-
;'29X-XX
15-Tg
'
v
9%
v
107 %
Ind
Jan
llOVa
Jan
: L
......100
Boat.^_.
Mub
122%
7
Oct
Nov
100%
Mar
15
•
Dec
29%
>29 %
114
1
new
'65
.
Jan
Electric Power & Lights..
2,400
.
-
com
,
.:
181% Feb 26
128% Jan 17
100
,
Inc
Jan
Jdn
"Jan
No par
X 17%
IT preierrea«i^;^..i^.*.^.No
(148%
pais
*•; 1,500
i-Jg;
$6 preferred .l—
.j,
No pat: ' ; 137 ;
2.300
Electric Storage Battery
Nu par ; ■A. 50%
n
>i«r£&il0^ne, <<xI09>Xl10:
65
28
;
"9%
^9% '/
34,600
; -
Auio-Llte
Electric
ElccA
;
-.25%- 25%:
6,200
•
30%^31 - ; ''■■I -i> 6,000
-->78V
81
/
200"
• V 106
k
*105.-""106
'> 109,v"V - J'109 '
109 '
x4%X*-4%,-: :* ^4-%-"^--4%>'
17% ; 18!% * ,•'•• 18'4 .'18%
A
X
-
163
•
rr-'34%>. 35%„
105-'
il08X
•
28 •
•
28•
.
- 26%
•26% .26%
26%
• ^26%
>.27 % "
-56-,
■;:'52%
->3f-'k^52%';A54%4,:>r>:r54^^.f-54%;''
•9 V,
-9%
.
*78 -••' !r8l-';-v
81
108%
#98*4&
19% ^ .. 17% 18%
.19%r\t -:".-'17%-.'' .18% n V;v 18%>.18%■''5'
'•',-18 18
•
,
"X'25.%~-X 25 %•>:•'• :
^>30%- 30%. -
%-X34Vpy35X?X'
105
;
.
•50V,- 517/a
83%- -83%7>-:r^i83.^7l(83r>^>^"i;83%v;64^:
rr
•y.
*78
*107
'-•
107% 107%"
...
V r->:'-4%
,18Vs
*
\
109
*.34.'.
"7,000
'■? 10,100
,
EJectrio
16
56
.
18
22%
25
4Va% preferred —^.^...u»..100
<;< Elastic Stop Nut Co.....
1
r
6
101 % Feb
47 « Mar
15
30
l«
Stores
Feb
29% Feb
33% Jan
No par
•
V.v 6,500
5,100
;
•*V53%:-*52%"4*<
.
80-
.
'
.
6%
21%
147:;: 149
;
52
52%
-
.
*108
107
>
51
25
;
161
140
51%
.
;
Bros
31
25
108 V* Feb
St Co_—20
4%% prefeired
-Ekco Products Co_.___
50
:
;
13%
i6 V» 4
Edison
10
71%
24%
*
1,600
>4
$ 21%
>
60;
3.500
.114
13
•;
-
Dec
56% Jan 31
116% Feb
Eastern Stainless Steel Corp
9
- Eastman Kodak Co—
No par
*> 6?t> cumf prefer,100
-Eaton Manufacturing Co
4
2,100
71..
155
140
-
<
;'32.-, i't;35-v105
X- 155
"
>
Mar
50
4-'
169% Jan
Co..
109
3
3
Eastern Amines lno^«-
2,400
%
t
>
34'4
*112
13%
Eagle-Plcher
-
1,200
Ys 110
-34-
-.'114^":'
x
13%
.
>
3,000»
)
.
31
*109
-
,
25%.• v>25%";25%"''
>29% >••> *<« >30
30%
24%
-34
4,600 ■ y
•
-62
31
>'5%~ 6 >4'
; >20% 21%
51-
28'/a
32/
*108
";
-
52
*50%
*112
>
,
; 198
62
;
69%-'71%
x24% > 24% :
7140
50%
-
33%
'«
i"
?25
.*194
p
31%
110
"110
X
,
-
5%.
6}V '
19%" -20%
140
53Va
52%
50y,
/
>69% '
23%x? 24 % X
152'/a' 155-
•
'31%
-
34
*112
114
13'4, 14
,
13%
*
31»/a
34
•
•
x31
,
*109 Vi' 110
114
'
-
•; '
21%
Jan
17'% Mar
15
26
pat;.-.
1st pfd
Dec
105
5
Jan
1—i
(EIJ
♦4.80 preferred—..
Daqueano Light 5*
98
14
.143 % Feb
..
S per share
Jan
50% Jan
>>-114
Highest
■
$ per share
38
109% Feb
Jan
-
29
18
90% Jan 21
.
U100V
No
DU P de Nemours
30
32% X,
-225
v
:-
Jan
50c25y8 Feb
conv preferred—
'Drnihiu. 'International—
Duplan Corp
■
700,-
r
.
-N
106
•32Me
j.
62
62''
.
103
25y3 Jan
par
Industries.^
3%%
>•><6,100
130
21
..
Dresser
3,000
*>;<900
,
.No
25
26
25
No par
common.
'
600
" >
115
'
10514
% 225
196:>96
;
-
63%
,
21%
32%
$ per share
52V3Feb
<
pur
14 preferred series A__._._No par
-,14,400
V a
Lowest
Feb
39
S
No
Feb
105% Feb
m—No pur
Douglar Aircraft—
.
187
130
107
32'4
223
^
224
199
63%
-34
12%
-•>
6%
22 ,i
•
-
.67%
,
25 %
,
■
19%.
199
,
21
105%
-
33
220 Va
199
.*112
13%
72'/a.
*31%
64%
—100
Lia_._.
Dow Chemical Co
100
83
Previous
Year 1945
Highest
,
>
$ per share
—No pur
A_
Mineo
1,300
-
k::
33
-.L
r. 185
Dome
3,800
v
111%
zfMti+y •i-2.7,
&■: 33
-32%
»Lowest,
par
Doehler-JaTvls Corp
9,600
»
115%
iumv*
186
:
Par
No
5% preferred
Dixie Cup Co common
10,900
t
>
25'4 4>26%'
115 -
105 "r 106
"
28%
*114
'
26
r
20%
'
,
29 ; ; 31*109% 110
.
>32%
184"-— "184%
221WtAX
'•
33%
114
63%
X'
*
•-
•
34%
33%
V
104
63%
: :29% ',3.1%
•109 Mi 110 >
♦113%" 115%
129
,32%
-215
'"*196
-
63'/a
150
110% r'" Xl 10 '4 110%
.-26y2
r-26%'- 26%
183%
20%
'
31
•
28
•115
101
..
33'/#
'
•
>•'
2,300
100
\26% >27%
>
94-y:
94;
:" 150 - 150%
95'r
-
26- .25%-*
"
;
"-93
yy-;:, ',32 %•.. 32 %•
* >115
-
22
%
183
^iao
: >129
•
4115%
181 %
•
•'
>150 ;
*1137/a .115%
25%
31 % & 3,1
183
92% J''93 %;.;
25%
"-
*110%
r
4""28'4
? 29
28 >4
Si '26%' *'--'-2 7 '4.»
116'
25 V8
44-^25%
;v
-
-' ,92%
143 %--146%147 (.'• 148-r >'
v
>
tfx
'28%
25%
•91
Range for
Range Since January 1
"•
Corp-Seagr's Ltd-
-
28
••
<;•>'>.
—
40
>52%-i.' 52%
STOCK
'■
"
■
54-.
YORK
EXCHANGE
'
%
86
•
NEW
'.\4;
V" Shares
$ per share v
share ■'
4
the 'Week
"
•83%
i;r?
40 ?•'
53%
STOCKS
•J-Wednesday
$ per share
107
>39 Va
.
SALE
■
^Tuesday
-
87'4
'105
HIGH
■y*Feb. 2«
•-
$ per share
>83
AND
3 per
$ per share
Highest
-
share
t per. share
"-x''A''A':1''v-/x;l' 1/•'
■$: ..x;x.xx>x:::;;'..xx
X
13.
•
14
12%
9% ;vX .';?•-■'••• 8%
Xxx9:xx
20
20
20 : X
l'
r%
23
*24%
X75-X;
:x<>. XX
X.
-
25 "
14%
15%
X
<X
41 X:xX
40%
■
83 Va
83%
109:
62
64
12%
12% ^
13
'
*145
'
1, >
39-'
46%
>
45 X .<-'
45%-X
*129%
X:
-
X
XX
-.
<*
34%
,
9%
28
42
■
■
—
_
12%
v
.
,
.-'-v. X
;
x -•
*175 '■•
46% X
52 -X'XX X
130
X 124
34%.
39
40 y* x
X
26%
28
> p
vX
V
20%
X '>'*59%
-•«-•-
-
A
60
'
34% X,
12%
XX.X
*47%
;
51% -52
19%
40 %
•41
144
-Xf:
-..-X
.->9%
-.9%.-
27%
28 V21A
3
15% Feb
11% Jan
Wood
AO
29
250
5 % %
Inc.
<
22
Jah
20 y» Jan
2
$■: 1%
Feb
26
% Feb 13
•<
75
Feb
12% Jan
1
:—50
Dec
Jan
10%
Dec
19%
Nov
29%
Nov
16
i 14% Apr
15
Jan
28
18
16% Mar
28%
66%
Feb
86 X
Dec
7%
Jan
14%
Dec
-,<51%
,
Dec
65% Feb
Jan
18
Nov
58
Dec
51
-35% Jan
78
16:
Jan
24
.23
Jan
40'A
Nov
101
54% Jan
-8
50
preferred—
12 Va
Jan
Jan
4'%
29
16% Feb
3
Jan
29% Jan
27
6%
<
*
28
85
; Feb
x23% Jan
20
....
Industries
conv
-
<<
par
No par
1
16
26
,19
'———-.
4Va% conv-preferred..
G&ylord Container Corp^—
3,500
10,000
'•>;46%
•..
..
Jan
24
X 58
Jan
80 y2
Dec
XX 52
5%
v
46% "
46% '
>133
'142 %
1,000
>'
f>
}
71%
28
X I2 V,
Jatt
•24%
Dec
—
■
-
7%
7%
\
108 X Jan
14
68% Jan
28
14 x, Jan
15
261
Feb
26
Feb
411 %
No par
33% Jan
27
160%
,:.17%
Jan
2
25
,;35% Feb
100.
171 X, Jan
2
Feb
26
preieired——:
r
45
No par,
3
180
14%
Dec
Jan
185%
Jan
Dec
27%
Dec
Mar
15
Dec
Jan
-38%
Nov
Jan
145%
114%
153
Feb
172
Octv
May
'
37%
Jan
49%
40
Feb
56
•
Oct
Oct
36
27% Mar
Feb
52
Dec
Dec
Jan
19
152 V2 Jan
32% Feb
139
109%
-61%
6
8
44% Feb
par•
par.
100
General Electric Co^i^
8%
10
No
;
-
Feb
188
26
No
preferred:
Cigar InC:
49
Apr
Jan
104%
>
27% Jan
X15% Jan
; Jan 28
1
'23% Mar
102
par
1—5
A___i
cum
General
:
19 Va Jan
5
Feb
X12%
5
*—No
Bronze
26
60
8
Baking
preferred—:..^.—
ClaS?
240'
1,900
4.800
•<
General
General
2,500
90
129
v
20 %
£
*34% "
77,200
:
•-
20%
35%
5%
fX,
18%
41 '/< ;x.^x>40
-i
' *
r 41
»9%-
'If
Uttin-f
;
■■
—
■
■ -
--—No
common.
X>
$5
<
par
--
_100
L—
preferred;
'preferred'
par
t
>
..100
.j.
,
common—No
Gen
Precision Equip
Corp.:—No par-,
0«n
p»»hHp
:
1,300
42,500
70
6,800
i
Gen
Public
Se'*\'1oe_-..
Utilities
■
Corp..
Gen
Railway Signal
6?,
preferred...,
Gen Realty & Utilities...
General
Refractories...—
par
4% Feb
18%
39
142^4
> • 7V2
26V2
.
No par
-—.100
.10c
No par
Jan
-
123 >:
4
8
Sep
•1.
43 %
-
Aug
X 52% Aug
Mar
Aug
127
X? 114%
Nov
fl34
Oct
123
'
Dec
14
30
62
Jan
Feb
5
ff'; 125
May
130
Mar
23% Jan
29
10
Jan
23
Dec
3
122 %
Jan
36 Va
Dec
1%
Jan
7%
Dec
46_l/s
Dec
777/s
Dec
'
40% Jan
14
7% Jan
15
'
22 Va Jan
<
;
47% Jan
144-
X
,
24, ;
15
Feb
27
3
113% Feb
8
Feb 26
33% Jan
15
Jan
•
X,
^
80% Jan
26
Feb 13;
Feb 26
Feb 27
Feb
6
Jan
132
4
-33% Feb 26
10''
5
51
135% Jan
130
Feb '4
122
Jan 14
70 y8 Feb 26
20'/a Jan
Outdoor Adv
56 Va Feb
49*% Feb 20
43
Feb 20
par
1,300
•
-
10" :
,' :xl28
...No
Gen
: -26.500
27%
Mills
preferred
conv
No
Corn...
General Motors Corp.—
600A
1,900
10
■-
;
Foods
6,800
<
19Vi i
-U»wtifKt*A'42 Va
28VtfjyuM 327%
1
5%
5%
,
3%%
73% f
'
129
(■
.*9%^ 10■*??£&
27%
X
17 Va Feb
107% Feb
100
Transportation..—
CorpGeneral Cable Corp....
<
19%
•
-$8
General
5,600
;>
-X
X124
5%
40%
150 "
Investors-X.....——1
preferred
Amer
General
1,200
I
52
"
•
'*119
20%
34%- i
34%
> '•
'•
-42.E55
X 132
72% }
19
Amer
Gen
'
X129>.
*20%
.
7,300
s47%'
124
.
3,100
A
132
71
-129
>
180
Gen
$4.50
X
12%
*175
X'-46%
46
*119
5%
1
preferred
Gar
1,300
43%'
•X? :*82 % > 83 XI
•
;5%
19
.142%
9%.;
>.
•72% -X-
34%
>"X
176
■■
X, *130
x.:x:
130
X 20 Va
19%
9
•
-60%
46%
.
46%
130
.
5%.
%3
-
■
rights
Gameweil Co (The)L_^
Gardner-Denver Co.
10
21,900
->.
46%
71%
18%
Common
800
14%
>
(Robert)
l
preferred——...20
6*
1,400;..
;
&
80
14%;
'
12%>: 12%
176
X*129
>
.*141
10
31%
20%.
-
22%
24 Va
.,
*119
72%
33%
.
;
S:
••
V-;"»72
:
14%
86
.
'. 46 V2
A:
130%
20%
22%
17%.
17%
••t. i7y4< • 17%'
*107% I09X XX '*107% 109
/
X69%--. 6lXXvv •I 'S, 61% " 61%:
51
'
*
70%
43/4
20 Va X
40 xx
:
128%
,
6»/a
:
.-*141 X"
V'
'V;
35%,:,.
5%
19
r-
>
2,400
10 Va Jan
8% Feb
1
(The) common
flair Co inc
'
xXi;
12%
51%,-
*119r; 124
20% x-
>
*■> *24
-24
>-"X- X *175
130
Gabriel Co
62,500
187%
•/
46
.
•-•
42V* X42%,Xx "-5-X42 Va
X *82
>
"
130%
20%
V
44% '•-•46
4,500
.
20%
188 tXX
*186 "188
:
*186
X'188' X
X24">X: ;Xx23%
23% U X' t- 23%.'
23%v
12%.
.;.:.12%
12 %X-' XX<12% X 12%X
-37--' -" 'X;' 37%37%
X*37% ^8
;-X. 37%"37%
145%. n ■•145% 145%
A;145%X146U<X; ->•146
,146 -<
32% XX X>:•'-. 32%
33%
33%-; 33%" '• X *33-v- 33VfX
176
X 50%
*129
XX;
75
,
130%
V
32%
-
132
*119X1 124
72
;
12^8
<11% X; X
•
■•48%-:';XXX45^
52
r
i
61%
■
24%
*175
i
18
109
188
"
.'X&t v iV. 36
50%
-
*186'
33% mni-
X"; 176
x
.
>59 Va
X
'90:
"*17%
-j
80
14Va
41
*80
12%'
147^^^143^
(
33%
*175
12%
'
14%
; XXX 39 Va
x
17%
13%
; 9%
20 Va
60,900
*72
X 60 x
60
'
109
>•
X
V-. X.24y4.f. 24%;X:
•80
'
*107%
61% X- X H 61
*107%
•' 60
,
-^v :;.;n%
•,
•
"82
76
■
•
?9%X
.iV/Xp'V' ." V
2 4% X24%
14%
i
-•--.•-' :
<40%
.<24%X?<XX'-24XX
11
38
•
•
186%-;
186%
V' '24 %
'59
720%;
20%
a-.
Xl3%
,
:X
'
14%- 3 X
80
X. :17%
'
>'•'17 y»
*107%
:
'•
13%
X 9%
.
22; •' .22% -X X ,:22%X X.22% X'X
.
■*
,
•
38%
•;
•'
:
>
78
V 57%
61
-'
xl3%
X.,-; 9%
.
20
!:.!f ^ ^'
22VaX
13%
60
v
9%.
20
-24%
:
*72%
.
13%
9 VA
':%
:
22%
24:
.
75
13%
9y«,
20
xxx-r%x
23
i
>:
13%
-
28%
123
-
3%
21
Jan
•
Feb
140
Jan
•
Jan
87/a
34
Oct
Dec
"■ Dec
<
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday,. March 4, 1946
NEW YORK STOCK RECORD
LOW
*
AND
Monday
Feb. 20
Feb. 23
$ per
$ per share
share
35%
34%
121%
33
,
"
377/a
367/a
39
36%
*108
111 /:
121
*110
113 *
37%
*108
•
29
29
39%
29%
■•';&te£'.l04% 104% / *}05-
105
44%
39%
104%
104%
-41% o
40%
36%
38%
:
42
*103
:
39%
39
*54
6
%
*148%
151
*150
37%
69%
70
*104%
'
37%
71 Vi
72%
72
106%
106
28
4/.;
103
Jan
39% Feb
2:
•
Feb' 16
,106
.
-
Feb
13
-
49% Feb
-
26
15
Jan1 9/
118
33
Jan?/)9
104
400
45% Jan
1
4
6
*
105% Jan 25 *
36% Jan
3
54% Feb
18
Feb 16
45 :
5 '
56% Feb
106%
*
60%
«
61%
38
61%
62
s:io9%
110
110
109
33%
38%
13
38%
12% : 13%
38 /
:
Feb
72%
106%
61%
60%
26
Jan
151
37%
71%
109
110
*148%
151
46
111
•
7%
37%
107
*105
64 %
60
109%
''.''6%
7%
3:':'
40% Jan
26
37% Feb
7,600
100
57
377/a
71%
107
*148%
151
36%
38%
7%
7%
6%
7%
fv:;
>
22
110 ; Mar
22% Jan
%40?
11,500
-
130% Jan 10;*?
19
Jan
2:4
39% Feb
—
4,300
*400
"
-43
^104%.
/.
27
103
/•', 20,100
105%
42%
104%
39%
-
"
29%
*105
105%
42%
43%
*,
\
29%
*103 ':: 104V2 gr *103
39%
40
•
39%
?-' 42%
.
v
.
40%
Feb
/ 36% Feb
1,000
110%
$ per share
36% Feb
6,200
Highest
.v
share
Jan' 14
29
119
,820
111
110
1 $ per
3,300
///
37
"S'39%
29%
29%'
36%:'!
*108
111%
P Lowest
v
•
122 V2
37.
Range Since January 1
STOCK
YORK
EXCHANGE
Shares
*-
37%-, 37%
39%
*110%
.
hhate.
36%
111:
40%
*110%
per
*120
37%
37
111%
'40
,
'
104%
/
40-
104
:
.
ill-
105
106
*105
•>
39
:
•
"'28%
31
28%
'37
-j$
.
123
37%
37://:///,: 37
111
;
*108
•'•
NEW
Sales for
...Vj the Week
34%
34%
121
37%
37%
111
::J 37%
40%
38%
*110%
$ pet1 share
' 34%
38
*108
jjFeb. 28
share
per
Friday
;Mar. 1
Thursday
'
119
37%
39
■
,34%
-
121%
37%
$
-
34
,
120
123
Feb. 27
STOCKS:' £*£■#
r
Wednesday
'■
',
$ per share
.
PRICES
SALE
Tuesday
Feb. 25
Saturday
HIGH
13%
:
'
100%
39V4- *39%
.13%
13%
r9?'9%'. </:9%
*31 Va
:
33
22%
22%
31%
-
*32%
.•1U
18%
:
55
.
?•:
1
70,
79%
79%
32%
.31%
111 A
*109
/ 42%
43 *
10%
10%
93
-93
23%
.
247/a
23%
24%
106%
27
x23%
24%
*106%
•.
108 %
24/a
:
29%
\
39
39%
37
37%
13%
14*
13%
XI11%
111%
*111%
108%
*106%
108%
103%
14%
15%
34%
.
15%;/
13% *
34%
*102
:
13%
14
131
108
86%
*186 •■.:
34
*84%
*186
—
/ 32%
123%
*135'/a
33'/;}
32%
*123%
125
136 %
136%
85%
—
138%
131
..
27%
33
33%
30%
60%
*29 V3
*24%
NOV
' Dec
Dec
33%
25%
25%
...
28%
*28%
29%
53%
55%
25 %
24
*59%
31%
24%
52%
'11%/
21
88
*87
87%'
24%.
50%
63
24
51%
rO
87% NOV
;'/HV
11%
23 Vi Jun
8%
34
a
9%
LOW AND HIGH SALE PRICES
Tuesday
Feb. 23
Feb. 25
Feb. 20
S per share
$ per share
$ per share
40
40
33%
.40%
35
72%
$ per share
*72%
*93
■
98
32
^31%
*96
13%
13%
27%
...27%
27%
17-%
17%
17%
73%
73%
107/
73
106 Vi
106%
135
131%
134
103 //.
100% 103
*170
10 74
46%
108%
21%
48
11%
*46
108%
48
12
10%
11 %
16 y4
17%
15%
16%
46%
11%
11%
16%
16%
199
90%
11
;
.139
139
9% /
41%
41%
113%
113%
20
58
46%
110
20%
58
•
110
58
9%
.
113%
21%
110%
Vf
59
199 %
44%
45%
*150'
199%
*150
300
*142
*182
175
44%
45
24%
26%
25%
26%
26 Va
26
26%
24%
:
44
*153
footnotes sSe
page
1176.
37%
.
39 %
-1°0
95y*
1
8%
No par
36%
100
Co
15
5% conv preferred—'—
;_100
Inter Rys of Cent Am——No par
5% preferred
100
International Salt
No par
International Shoe
—No par
Silver
—I——50
100
preferred
Telep & Teleg
ctfs
405/2
Interstate
25Vst
25%
Intertype
44%
Island Creek Coal
Dept Stores-
Corp
preferred
10%
29%
No
No
No
No
par
par
par
par
1
*
138
Feb
Mar
19% Feb
106% Jan
-55% Jan
1
.
%122
r
25?'.}/ 25%
2
3
Jan
3
Jan
Jan
Jan
19% Jan
—
~
39% Jan
J03 / Sep
14;/. 104% Jan
13
.166
Feb
6
82
Jan
6
11% Mar
26 :.■/> 8% Jan
14
37% Jan
110/ Feb:26
.
104% Jan
13% Feb 16
6% Mar
20% Feb
2
8% Mar
20
148 / Feb
26%.r 48% Jan
2i:
Jan
Jan
.
—
.
10;
18
25
18
.
215 / Feb
5
43% Jan
175
Jan
Jan
Jan
107
Jan
/144% Jan
170
Feb
120% Feb
22% Feb
11% Jan
54% Jan
6
2
74%
1
178 %
Jan
3
5 14 V4 Jan 28%
2%
Feb 20':-/* 33% Jan 114 " 17
Jan 30
98% Jan ^7:,i:
75%
Feb 26 ./
11% Feb
5'.$ % 5%
Jan
3
' 42% Feb % 5'.%.. 28%
40% Feb
112
Jan 23
Jan
9
Jan.28
V 100% Feb 198 % Mar
87% Feb 26
5
——
1
Jan 30
19 0 % Jan
25
Paper
Foreign share
195.
class A
<
Intern'l
46% Mar
& Chem
preferred
43%
153
No par
International Mining Corp.
24%
153
3
-10°
44%
155
14
13% Jan
.
9
9% Jan
——No par
Int Nickel of Canada
7%
Feb 13
Feb 20
107% Jan
Preferred
International
170
100
100
International Harvester
4%
7
7
Machines new__No par
Min
4
Jan
131% Feb 26
2
—No par
Interlake Iron-,
International
>'
24%
37
16%
65% Jan
106
10% Jan
Preferred
42%
175
26%
16%
20
.'—1
No par
Corp
Rubber
Intercont'l
par
28% Feb 25
: 17% Feb
17% Jan
preferred
Int Hydro-Elec Sys
*166
24%
11%
4%%
International
*147
175
Interchemical
:
140
-
40%
19%
'
=
r
38%
Feb 25
20
Insuranshar^s Ctfs Inc_~
47
11%
112%
109
Co
110
98%
.
x37%
*135
11
Steel
30%
30 %
*97
9
Inspiration Cons Copper
Int Business
198
2—No
Inland
11%
:
13
/
V 29%
19%
47%
:
72%
18%
7
15
98
;
i-per share
Jan 14
37%
16Vb
'32%
22%
84%
Feb 26
Co——:—5
No par
S A—Industrial Rayon
No par
$4.50 preferred A—
No pa*
lngersoli-Rand__—
—No par
6 % preferred
100
,19%/
-
Jan
RR
113%
*10%
*108%
88%
38%
19%
48
197%
8%
'
111
110
;?
198
37%
132%
11%
*109
11%
45%
132%
19%
*10%
47
110
109%
75%:
8
92
Industria Electrica De Mex,
106%
85
32
Indianapolis Power & Lt
17%
17%
45% Jan
26
100
Qtfs series A—
Terminal
Illinois
43% Feb
26
72% Feb
1000
4%
lines
RR See
28 V4
75'
102%
19%
13%
38% Jan 21-
100
Lowest
per, share
33 ya Feb
20
100
Leased
*•
/
*106%
*170
101
19%
33
28 y4
133
*170
18%
*10%
11
*106
132%
170
101%
v' 19
14
97%
*31%
13%
13
Central RR Co
preferred series A
Illinois
96
$
t per share
Idaho Power Co
:33
26%
107
EXCHANGE
.Jan
Jan
.
—-
Mar
J an
Jan
Jan
Jan
Jan
Jan
6^/129
Feb
2%r; 19% Jan
22r 84% Jan
29
• v
9% Mar
115% Jan 28 %/, .79
Mar
60% Jan 25 v ! 41% July
? 49% Jan 30
39 / Feb
204
Jan 15
92
Jan
137%
24% Feb
26
24% Feb
26
37
Feb
.
26'
31% Feb
31% Feb
46% Jan
41
Jan
3
29
46
148
Jan
"3
'155
24% Feb
26
Jan
Feb.
Previous
Year 1945
Range Since January 1.
Lowest
Highest
STOCK
YORK
Shares
6%
17%
.71 y*133
the Week
$ per share
$ per share
74
96
32
Mar. I
Feb.28
■»
NEW
Sales for
40%
35%
34
/74%:
Friday
'Thursday
Wednesday
; » Feb. 27 "
Range for
STOCKS
'
'
*106%
May
9% Dec
Monday
Saturday
Dec
36%
38%
30
Dec
8%
..
37 %
Dec
Dec
23%
54
51%
IP/a
Dec
109% July
.24%
.
Nov
29%
31% i>0
112
Nov
60% Jun
35
25% Dec
,s
57% fu
,
*110
.
28%
For
24%
•31
10%
■
,
32%
87%
19%
55%
*56'/a
23%
:
,
60
113
*110
/
29%
54%
'
Dec
63% NOV
26% Nov
59%.
'
Nov
32 %
34%
30
59%
25
32
27.%
34%
30%
59
90
138
138
*26%
Dec
Dec
July
138
84
136%
26%
:
39%
115%
137%
*79V4
Aug
189
33%
*135%
Dec
92 ¥4 Nov
123%
138%
Dec
103%
.191
33%
Dec
35
35%
123%
Dec
Dec
:
134% NOV
108 %
*186
33%
125
136%
14
*84%/v'85%;,
85
*82
15
*34%
Nov
104%
16%
' 14%
108
Dec
14
14
103 Va
130
34%
108
43%
39
•
13%
131
34%
35»/4
-
Dec
Apr
155
*102%
102%,
Jan
29%
25%
25%
38%
14
14
110%
*156
14%
109
135
.135
>■'.
38%
14
102%
127
34%
120
32%
,
14
13%
*84%
*186 ////-/':
*1131
i",
15%
*108:
108
..
103
15
124
34% ;
108
■
14
.13%
122/124
35%
108
86c
■
v
12%:
126 %
122
108
86
103%
14%
14%
13
*38
37%s 38
.
-26%
*•158
/
"
*102
;,
25%
25%
•156
Dec
121
11-2%
*106%
13%
103%
23%
113%
108%
25%
*156
;
39
jua
43% Nov
27% Dec
t
*106%
,
25% :
.
/
*156
30
*111%
111% 111%
*111% 111%
106%
29
24%
36
28%
23
31
177
*62
*34%
23
57%
30%
*174%
23%
114
18%
2
2
15
16 V
9
Jan 17
Apr
18%
18%
17%
19%
Jan
Jan
Jan
Jan
Aug
Jan
36
145
-
Highest
$ per share
.Volume 163
dumber 4-169
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK
LOW
Monday v"
Saturday
*
....
Feb. US
.Feb. 25
>
1$ per sharje
•
,/| per sjiare»
AND
J?1"
SALE1 PRICES
HIGH
Tuesday
Wednesday
Feb. 2(5 ; :
■
$, per, share
STOCKS
V;-Friday
^Thursday
SU 7;7. Feb. 28
Feb. 27
$ per share
i
_
STOCK RECORD
'
Sales for
NEW
the Week
$ per share;
$ per share
,
-
Mar. 1
YORK
Range for Previous
STOCK
Range Since January 1
EXCHANGE v/yi
Shares
i
Highest
$ per share
Par
1945
Xear
Lowest
$ per share
Highest
Lowest
$ per share
$ per share
Cy
it
c.
...
19
21
50
■7/,
•y
51
*110 ¥2
tkki
140;
•
.
;*125
4
i5o
' 150
102%
'•C
;729
38
283/4
29
Ill
142
143
12.900
¥4.
:
Jacobs!
1,700
y
4
2,200
.
•
22
31%
30
30 ¥4
25
25%
4y ¥a
51 ;
37
y-
37
*34
77
22
*
7
•
60
,
35
31%
47
25 ¥4
26
4
51%
53 ¥2
'•
29%
4;
.-.
:-583/4
'
583/4
•31%
23%
26%
22%
23 ¥2
x52¥a
53%
52 ¥2
53%
37
*335/a
*33%
Class
11,700
/
61
29,900
■'
88
:
:
—
62
15%
16
86%
87
V
88
35 ¥2"
r
60%
16%
i
16
y
62%
37 ¥4
■
36%
7
iP-fif :
37%
*15
17
•
*36 ¥4
7
*14
46
463/4
48%
87
36
110 ¥8
35%
47%
,y
110*
4;4 37 4
4
*16 ¥4
•
•
37%*
36 Va
37%
-
110
36 ¥4
16
15
15
*15
16
463/4
*45
463/4
*45 ¥2
48
49
'•7%:.
48
49
38%
6,100
;
.
,
f
363/4
*15
46
48 ¥4
•
1,300
<t
230
:
3,500
-
15%
.46%
48 Va
1
'
£y*:
•100
(S H)
Laclede
Ligfht
Gas
50
Co
par
Bryant /—ML
4% % Preferred
No
par
Jan
13
Jan
31 %
34
Jan
67
Dec
18%
Jan
38
Dec
22%
Jan
35%
Dec
Dec^
Dec
Nov
29% Feb
65
34% Jan
29
Jan
9
18 %
Jan
31
58% Feb
6
'35%
Jan
>51
30
3
Jan
30
22% Mar
35
68% Jan
14,
38%
Jan
67
Dec
18% Jan
29
8%
Jan
19
Nov
93% Feb
4
38
3
s-^vv
26
:
86% Feb 26
34% Feb
15
28
107
Aug
39% Jan
107% Feb 7 6
31
26
Mar
7
15
Feb 27
Apr
17%
Oct
Jan
3
7 48% Feb
15,
35% July
X49 %
Nov
3
49% Feb
16
37
Jan
50%
Oct
9% Jan
24
6% Jan
18% Jan
2
Jan
14
31%
Jan
48 ¥4
Dec
6
24%
Sep
39 ¥2
Dec
6
54%
Oct
63%
Dec
16'
47
Jan
72
28
12
Jan
17 ¥a
Dec
44
Dec
17 ¥2
Jun
5 ¥»
Dec
5
79
Feb
65
Feb
26
73
Feb
1£>
Jan
3
57
6%
56%
57 %
Preferred
50%
50%
Lehman
27%
Lehn & Fink Prod Corp
33
Lerner Stores Corp
conv-preferred^^ii^-i^O;/
ctfs
'
X27%
32%
63
63%
of
3
46
29 %
Jan
Jan
3
17 % Jan
28
6%
Jan
4% Jan
7
5% Jan
15
2J/a Mar
Feb
16
39% Jan
12
.•
49% Jan
3
56■% Feb 27
5
26% Jan
9
30% Feb
26
20
Libbey Owens Ford OlassLliy}0 par
Libby McNeill & Libby-»
7
Life Savers Corp new
5
33
89
89
Liggett St Myers Tobacco^
25
88
53
89%
90%
90
54
.
70%
90%
U
4c
54%
.
62%
>
7 61%.
30%
*
29%
38%
39
7
38%
*115
117%
35%
35%
Loews
66
y
39
68
Lone
26y8
'63%'
LOW
Saturday
AND
HIGH
SALE
Tuesday
Wednesday
Feb. 25
Feb. 20
$ per share
$ per share
Dec
26
28
78
Jan
-,
Thursday
Friday
Mar. 1
the Week
'
Dec
Oct
Dec
103% Jan 24'
78
Jan
4
201% Feb
27
181
Jan
198
60
Feb
7
32
Mar
50
Dec
88
Jan
9,
47%
Jan
84 3/4
Dec
66
Feb
41%
Jan
69
Feb
26
58
Jan
2
27% Feb
-•34%
,
26
Jffn
Jan
35
3
Feb
116
26
19%
Jan
29 lA
Jan
40
19%
14
15%
18%
Oct
Jan
Dec
74
Oct
Jan
190
Dec
Nov
68
Dec
7 20
Dec
13% Aug
Range for
Previous
•• •,
-
iptvs/vYear 1945
Range Since January 1
Lowest
7 Lowest
..-r
X32% Nov
7 31
Mar
52
6
14!
Dec
66V0
32%
Jan
23%
17
72% Feb
37 ¥a
Dec
Jan
166
195% Jan
30% Jan
7
40%- Feb
vS31% Jan
Nashville—.-..50;
'742 ¥4
Jan
50
21'
32% Jan
Jan
25% Aug
.
! 87% Jan
*
-.
39% Feb /: 4
.
Dec
Nov
14
363/4
72
Feb
24
31% Jan 28-•
:
10,
: EXCHANGE
Dec
60
,
118% Feb 21,
'Spcft
r,:r''■-V. yJ:
1
Oct
/
29 '
Jan
43 % Jan
No par
No par
:
13
45% Jan
NEW YORK STOCK
.
.
1
101
Steel Co—
Sales for
Feb.28
1
h
Dec
33 Va
/
Feb
STOCKS
Feb. 27
13 ¥4
33
25
Co
PRICES
Monday
Feb. 23
Jan
6
21
3
Biscuit
Louisville
Lukens
7%
14% Feb
No par
(P)
23%
51%
74% Jan 28
1% preferred__l—
...—100
'Louisville Gas & El A.—.*.iVo par
64
23 J/4
Jan
Nov
37% Jan
Jan
Inc
Lorillard
Dec
68
3
.
28%
NOV
35 ¥»
89% Mar
—100
Long Bell Lumber A
186%
*28%
27 ¥4
Jan-,
194V2 Jan
No par
Star Cement Corp
Loose-Wiles
26%
186
Jan
17'A
3
47
Lockheed Aircraft Corp
25% ' 26%
75%
76
Dec
20Vs
16
100
1013/4
-No par
Liquid Carbonic Corp
2Vz% Preferred
38%
543/4
Jan
'
No par
No par
:
Lion Oil Refining Co
117 7.
Jan
11% Jan
No par
Lmtc Belt Co
30.
38%
36%
25
L
Lima Locomotive Wks
62
60
100
Series B
Preferred
Lily Tulip Cup Corp
71%.,. 71%
28%
*115
; y
54%
71--
60
-
200% 201,
201 %
Jan
15/
36% Feb
62% Feb^26
13
33%
Dec
35%
1
Jan
29
;
Oct
18
59% Jan
(new) ...No par
16'
59% Mar
49% Feb
50
12%
201 %
Feb
60
33
7
17% Jan
l
deposit
(The)
Corp
Dec
73/4
Apr
59
48% Feb
61% Jan
55%
4%
7
4
_8
'
•
43% Jan
Lee Rubber & TiibL
4%
8%
<i
29,-
37 f Jan
Lehigh Coal(«ST Navigation Co.
10
Lehigh Portland Cement—
25
Lehigh Valley RR
50
Lehigh Valley Coal....lMMMMJVo par
13%
Nov
35%
44
15%
42
Mar
112
441/2 Jan
67
4%
Dec
40%
Aug
8
Dec
96%
72% May
Jan
110% Jan
;--42
26
*65
12%
Mar
Dec
124
4
1
Jan
32% Jan
'
9
16
2 6 % Feb
28
22% Mar
48
y
Jan
f 40 V4 Feb
Feb 25
73
41
Dec
31%
Jan
20
*66
15
Nov
30 ¥4 May
117
_4
(Thie)
Lambert Co
Lane
139
3
15% Feb 26
___*.1
Jan
Jan
15
A33% Jan
yL—,
7
29
..L
& Cfc—-£-*...«»No par
91 ¥4
193/a
'
10;
34% Jan
.
Kress
Dec
32% Jan
60% Feb
Kroger Grocery & Rik—.—No par
105
122% Jan
par
1,500
Dec
Mar
79
io
*
3,600
Jan
27 ¥a
7
Dec
Nov
46 3/4
26
57
1
140
26
35 *• Feb 27
21% Feb 26
v.
49
Jan
Jan
W
10
Sep
Nov
116
90
4
Feb
160
Dec
137 ¥2
/
61
6
31 ¥2 Jan
v
-—..No par
53% Feb
•
Jan
109
2
NOV
145
Jan
31
25
,
t Jan ,v:3
28% Feb
...1
No
Kresge (S g)
Kresge Dept Stores
42%
41
f/.
1
*
v
114% May
118¥4 Aug
15;
Feb
107 ¥< Feb
8
,1
conv ci A
•
3
115 ¥2 Feb
150
Nov
7 "47
25 % Feb
1
1
2
25
100
B
s
Jan
Feb
119
par
V/4% % fpreferreda^^^i^srlllO
7%
4 48%
')
14
257/a Jan
new—*
Kimberly-Clark Corp
Kinney (a R)
,$5 prior preferred
Koppers Co Inc
180
110
46
46
--47>
A
35%
-
500
.
87
110
.
.
441777;
86%
f:877-77
110 /
36 ¥4
.4
61
16 ¥4
*86%
110
35%
44:
16%
••
,
36%
"
110
,
*59
,
417. 7
*16%*
*86%
•
35%
34%
77110% 110%
i 01
61
& Co
16
58-% Jan
126
Kennecott. Copper
No par
Keystone Steel & Wire Co—No par
'■
62%'
.
(Julius)
Kelsey Hayes Wh'l
37
*59
.
Kayser
1,300
>
preferred
non-cum
Kaufmann Dept Stores
,4,000
31%
4%
.
,600
t
141 ¥2 Jan
3
100% Jan
10
No
101
14
407/a Jan
No par
City Southern
2
26
!
Jan
109% Aug
Feb
Dec
22%
Nov
4.
Jan
114
1
Kan City P & L of ser B
Kansas
*400
36%
32
:
Kalamazoo Stove St Furn_
_•__,
5,800
Feb
=
31 f
Feb
150
J.00
Mfg Co
154
19 ¥2
343/4
17
Jan
: Jan
55
No par
100
.
52
112
135;
12>/a
Joy
..
7
138
i.__100'
1,900
"r
23
23
.
No par
.
Johnson.,
7 24 ¥2 Jan
26
46 ¥4 Jan 73:7
109% Jan 31
2nd preferred ser A
100
& Chicago RR stamped__100
Joliet
200
26 54
*34 ¥4
23
&
18 ¥2 Feb
pur
100
3,400
y
u/
26%
36
7
29%
*120
r
26s/a ,/•74,:
29%
36 ¥2
*33%
44-y
U-—'
1
..ivo
„
Jones & Laughlin Steel
5% pref series A
7
5 % pref series B conv—;
600
T35:.g:
27%, 27% j:pj0
V
*58 ¥4 ', 60
x22
31%
••y
■
•343/4
>
23
¥a
-
263/a
102
*132
"
28
*120
7:
26%
35
'
•
137
>
20
43,200
c
1
;
inc*
preferred
Johnson
4%
:
45 ¥4
X102
103
500
•77
160
v.
X44¥4
v
*29 Va' .30
7*"
>
¥2
*57
36%
21%
52%.
26
*
77/
30
*120
60
*56%
273/a
*34
'
„7,*134
.27
27%
29
'
45%
y;-:
:
116
*130:
160
-
M48/b
*101 ¥2
135
*115
.
56
*
% %
Johns Manville Cprp
3%% preferred
125
•54
(P L) Co
Tea Oo
yewei
70
143
*130
•
56
*130
-:
102 %
.
27
26
7.*35:->-
49
•
*110%
•v
7*115>' 116
'
45 ¥2
135
v
27
25 ¥4
¥4
253%
V
134
23 ¥t
31 Va
f.
"
160
*102
*120
k
57
.
36%
►
7
•7y-j7*'
57
.
„
134
27%
••..7,21%
;w..U.
20%
49
=
136
*129
*130
■!y-:457!
102
X26%
,
30%
25%
•
Xl411/2
''
lit:
.*54
57 ¥2
116>
'
45%
102
27%
*119
•
•■:7
142
> 136
*115 :
160
.43 ¥4
134
'
26
i
*110%
-V-
*55
,
lift-!-/;
104
*131
•*■•»•
.
v'
20%
49 ¥4
:iii:cft
*129
56
<
*130
7
44 ¥« >47%
'4
140
136
56
*115
■
XX
139 ¥*
i.
;
¥4;
116
—
111
*125
'20¥a
20¥2
'
50%
•
58
*1.15
;
203/4
>
50%
138
•;
136
.
.56
:i
•
^50?7#
110% 110%
.143:.
1
yt
49
111
20
20 ¥4
18%
,
4
t per 'share
$ per share
Highest
Highest
"
$ per share
yv
;
$ per share
8 per share
y
$ per share
Shares
Far
$ per-
share
$ per share
M
36%
36%
*35 ¥a
36%
7 7
36 77
36
37
37
y
•
f
36
MaeAndrews
693/4
36
6% preferred—..—^.—100
Mack Trucks Inc—.No par
'
*157
*157
mw
*157
*157
*157
"
-J
66%
■
>
68
7745%
47
*110
'
A
4:774713:%
;
.^74—
12%
,
21 Va
37% 7 38% 77
6 Va
36%
67/a
9 Va
10 3/6
-
"
36%
.
6¥a
13%
7
*20%
7--
77:7:7'17y7
.
''
17%','
39
'
41 ¥4
*112
-'r^-.-Vv
•—
—^
4"*''
*
-
35
37% 7
37%-:,
*36 ¥2
63/4
*37
V,
'
-
55
r
116
56
;77 407
4 24%
.
*111 ¥2
'
9%
17%
173/8
24%
-55%
42
42%
116
*111 ¥2
40%:
25
13%
;
v-
-
4— 4
4
—*
-15: -•/
*48 ¥4
-
77— 7 ;
9,700
2934
*-
-
7
*195
51%
52%
-
yy.yfi yi %7
-
116
59%
33%
55%
34%
113%
35
.35
106
6,600
'
24
Masonite
Master
% * 29 ¥2
30
5,900
Mathieson
•
74:448'7;
'53%
52
Hi
*115
-5,ioo
•
111
72%
'
>110%
7 15
32
47
23%
110% ;
'
1176.
45%
51%
33%
*44
71
52ya
*109;
w.,
24
24%
73 %
*103%
44%
; 25
21%,;
44%
53
53%
111
109%
.
15%
15%
15% i '-: •""15'/2
15%
32%.
32
32%.,:: 1 32
33
Feb
34
•17
Mar
t 25%
Jun
16 ¥2
6
1,600
21 y6
107
4,900
,
4(1
370
1,100
3,500
L.V-:
40
M 600
46
53%
54%
2,200
xl08%
108'/a
60
15%
■
—
32%
15%
32%
11,100
6,300
Corp;
;
:—No
Alkali
14
Jan
32 ¥2
Dec
15
24
: Jan
$4
1
1
Co
preferred
•
McQuay-Norris
Mfg.
100
Co—.—_—10
Mead
Corp
preferred series A.^
$5.5(r-pfd ser B, w w
Melville Shoe Corp,..
$6
Mengel Co (The)
» 5 %
conv 1st preferred
Merch
Mesta
& Min Trans
Machine
Metropolitan
518
No par
Stores
Co
Co
Feb.
No par
No par
No par
1
1.,"
50
No par
5
Feb
29% Feb
62% Jan
-:-45
::
Jan
34% Jan
196
Jan
1'
50
Jan
28
Jan
1097/b Jan
30;
116% Jan
65
•
Feb
41% Jan
Jan
106
23% Jan
24
.
Jun
Mar
Jan
Jan
63 ¥2
Dec
48
Nov
33 ¥2
Dec
195
16
69
Jan
Dec
109 ¥2
Nov
83/4
Jan
16 3/8
Dec
Jan
55
Oct
Aug
>114
Sep
110
Jan
55 ¥2
Dec
193/4 Jan
32 3/4
Dec
Nor
27¥4
30 ¥4
53
Feb
4
:
43
Jan
36
Dec
52
Jan
70 ¥2
Dec
24
v;
Jan
193/4
.
10
2
Apr
Sep
41%
Dec
109 ¥4
Nov
164
10
107% Feb
13
3
30% Jan
28
13 ¥a
Jan
27
1093/4
Jan
119
17%
Jan
Feb
2
29% Jan
17
120
17
Feb
25
-
May
53 ¥2
Sep
403%
15
Feb
38
26
.Jan
116
243/4
30
41% Jan
1
Oct
Dec
34 ¥2 July
16
22
Dec
463A
104 ¥2
21
14
'•>,111
Jan
176¥2
,
15
37% Jan
Sep
22 ¥4 Aug
62% Feb 14
4
•
9% Mar
30-
2
33% Mar
31 % Jan
Feb
42%
27%
;
51% Jan 10 ;
116
Jan
40
10
29
10
Jan
Jan
¥4
217/a
29
16
Dec
.18%
109
2
6 !
Jan
Dec
Apr
18
14
Jan
Dec
77/a
11%
15 ¥2
4
23
59
397/a
Jan
7 3/8 Mar
3%
28
111
v
19% Feb
26
26% Jan
28
12% Mar
104 Vz Jan
17
107% Jan
21
98%
.30 ¥a
25
Dec
Dec
Dec
Dec
Oct
Jan
109%
Oct
r
Jan
31
107% Jan
19
94
Jan
108%
43 ?
Feb
25
51 ■' Jan
16
35
Jan
473/4
Dec
29
Jan
16
14 ¥4 Mar
29%
Nov
87
Jan
16
54%
87 ¥2
Nov
49% Feb
15
33¥a Mar
103
23
Feb
26
70
Feb
26
38
Jan
2
51 Va Feb
26
S- 60%
11:
Edison 3.90% pfd—100
108% Jan
5
1*2% Jan
3
10
31% Feb
26
Miami
Copper
Mid-Continent Petroleum
20% Jan
45% Feb
Wks
preferred
McLellan
Jan
11% Feb'
>
par
No par
Oct.
7% May
14
8
1
Co
Dec
Nov
25
44% Jan
No par
Corp.,
Elec
Nov
16% Jan
—
McKesson & Robbins Inc
5 %
25%
Co
525
Dec
Dec
Nov
26% Jan
112
Mclntyre Porcupine Mines—
1,900
46
tt
109%
31%
1-
52
110 ¥2
Dec
May
153/a
^.—100
1
McGraw-Hill Pub Co
100
y>
.
24%
.14%
27
' \ ;i05
1051%
44%
t 43%
; 5 23% •24
72
V *70
54
52 77
Jan
425
par
McGraw Elec Co—
4,800
108
•
46
-
170;
1,400'
N2,400
120
9
*105
105%
72
••'X
x
•;
; 20%
-
107
*44%
x
;i
-
*114
25
23%
*70
45
*109%
:■.
27
■
20
21%
k
t *105
27
.
Jan
106%
20 !
Feb
46
^
!
...-•.
McCrory Stores Corp
1
3% % conv. preferred——_w_100
2,500
34%
108%
*105
46
745 7/
,7
•
65%
25
72
10
Feb
j-
155
Jan
31'A
Jan
"
287/b Feb
5
McCall Corp
2,900
48
27
-38
,
1,900
34%
34%
47%
-
y
-
:
114%
33%
65%
*113
105
.
*70-:
-
111
26
■
105
46
44%
"
20%
21%
*l03»/2- 107,
105
70
I
53%
page
•
23
v
16
v.
*44
72%
*44%.'
52
46%
24%
•
?
48%
-
2
Maytag Co
No par
$3 preferred
i———.No par
66 1st cum preferred—-.
No par
•200
35%
65%
:yx-
26%
120
X24%
,
59
*105
108%
26%
X
65
7,300
v10
48
•
*105
20%
107
66 /J--''-.
133/4
.117
114.
y
*113
•
y
*115
34
46%
'24%
19%
105
'
13 ¥2
*47 ¥2 4507
35
65
%
108%
*103%
•
,
160
.
*58
77 34%
45%
120
117
7735
i:
25%', 26
,24
21%
.
.66
*105
105
■
65
niiyy
48"
■*112%
34%
•110%
107%
43
j.
35
13%
29% Jan
x22% Feb 25
.No par
1% preferred
i
100
May Department .Stores——
_5
5
$3.75
preferred
—No par
*195
1io3/47 7-
34%
„
34
44%
25%
20
104%
see
47%
26% 1
,
23%
footnotes
...
.
122
V107
.
y-->
117
Martin-Parry
4,600 i
2,500
*55%
•
35
113%
33%
.
''
106
f 26,
*112 ■£■
.
.
57
33
-67
"43%'-
:
*115
113%
36 "
,
33%
66
:
14 y4
50
*47%
•
116
%>7
58
:
77 13%
133/i
48
116
>113%
For
13 ¥4
111
L--N0
—l...
(Glenn L)
5534
53%
110%
17
Martin
preferred
35
y
A
52
113 7/7
*1103/4
-
11,400
AV*%
34%
30%
*195
51%
51
18
L——-4
Marshall Field & Coj
553/4
'
30
25
2434
v
36¥2
29%
110%
48 ¥2
♦115
870
•
40%
;
35%
20
108% Jan
Exploration^...—»I
Marine Midland Corp__
5
Market St Ry 6% prior pfd^
100
116 7
40%
•
774:7:65%. .56
36
44% Feb
100
39
Jan
473/4
147
11-
76% Jan 30
Maracaibo Oil
23,700
■
-
Manhattan Shirt
3,500
9%
17%
y
35
'
50%
40 ¥a
25 ¥4
74754.%?
~
29%
7110
40%
.
34%
*195
4%/ 4";
*110%,112%
■
24¥a
.
28 ¥2
'JSi
-•
52 ¥2
41%
*111 ¥2
39%
34 %
i
30%
*195
,
42
400
•
6s/a
42%
17 ¥a"
41
7-.
17% 7
38
-
6%
10
934
17 ¥4
116
52%
>
,
7.7:7
.41%
moo
Jan
157
5
No per
No par
10
50
Manatl Sugar Co—-.^..^.^.1
Mandel Bros:
——No par
•28% Jan
42% Jan 22
27
;
*
6%
6 ¥2
10
9%
.
23 ¥4
'
58%
29
yyyyyyy
17'.
38%
37
'
i
9%
6,000
213/s
■' Feb
26
Magma Copper————
Mahoning Coal RR Co
'
24
4f % 57%""
yy >
-
•
*111
40
23
•
.17
39 ¥4
•
116
38%
47-v-*;4
7
¥4
•
•
6%
'
9
10,100
36
154% Jan
65% Feb
Madison Square Garden
.26%
530
,
13 ¥2 ••13%
21%
*203/a
73577
«
25%
*410
ForbesJ.—^—-.15
ft
Macy (R H) Co Inc
4% % pfd series A
112
*34
•
530
13%
J.3%
.21 ¥4
*36 ¥2
6 ¥4
25%
'
47%
*110
34%
24 ¥2
'/
*410
*20 ¥2
21%
fe
*47 ¥t
112 7-7
*33 ¥2
25
530
12%
*20 ¥2
'
69
48%
*110
34%
24%
*400
69
47%
111%
*32%
23%
530
68
46%
*110
35
*490
13%
21 Va
L
/
7 -'46 y.
112
23
530
67
66 ¥4
45 ¥4
'
*32%
24 ¥a
*490
,
66%
*110
353/4
X22%
7
45
111%
*33 ¥4
'
65 ¥4
in
Jan
9
Jan
17
18% Feb
16
Jan
15
37'
.
v
Jan
45 ¥2 May
Jan
56
106% May
111
37
7 ¥2
Jan
253/4. Aug
Dec
Jun
143/4 Nov
36
Dec
Monday, March 4, 1946
CHRONICLE
THE COMMERCIAL & FINANCIAL
NEW YORK STOCK RECORD
LOW
Saturday
Monday
,
SALE
HIGH
AND
Tuesday
Feb. 23
Feb. 25
$ per share
S per share
■
*•'.
•
%
•
.
.
160
w,.
r'Uw
•''.■'.-U- '
'•
■
86
86
55%
114
,'
•
——
.
113 Va
113%
•107%
110%
*110
V'
v
114
''''
45
—
123
;
—--
7
v
21%;
55%:;.':
/ V *108
*107%
110%
115
*110
115
4.000
t
4,200
112 :>7V
7
'y
;>;>i07% 110%
"110
V'
115
'
.
—
+
£
7*4477',44%:
45
14%
44
13%
15
v.yi
127
7
14%
43%
•
43%
14 Vb
.'7
>'7>
14% V 15•;
14 %•'.:'
;.i,
4oo
»
Minn. Min
17,700
V.
*124
30
29%
:
14
13
38%
41 ,.;v
47
48
45%
45%
37
38
37
13%
37
-
200
13%
i
13%
40%
Mission
118
*46%
-
1,300
37%
2,200
Mojud
1,600
Monarch
4,100
Monsanto
18,400
29%
....■
25
50
;-.u/
48%
51
50
'
..
Inc
Co
Hosiery
48%
*140
7
;v
?Y; ; —. ;■■■
7
80
80%
26%
58%
28%
28
•
'
:
-;-w—
„
i
112
:
16%
17
•105 V#
47
•46%
*47 7
47% '7
155Y
*150
153
51
•
—
7,'"A; %• >' 'LL
—
17
17
:
*105j/b
107-
*47
«
■.
19%: '
-■
''y ':s
112
S
•
18%
18%
17%
-
■'
40,
,
„J Si-;--
Y77
18%
18
i
:?": 52%
i'v
23
701
21%
48%:
'
63
.34
36%
*
27%
30
17
i8%
23%
25
—
:
•
—
v
....
—
y:^us7
22 Vb
Nashville
*200
"
•
•>"7"
17%
17%
17%
23%
24 %
23%
27
28
28
26
31%
30%
.
27%
7
—
17%
•.
19%
37
""
41
25'/a
7
18'A
17%
'
<
26%;
"YfVl8%
—,s
Y
"37%
..
19%
Jun
16 Ve
Jan
Jan
23
49%
Jun
51% Jan
15
52 Va
Dec
34%
Dec
52
•
25
Feb
27
2
44% Feb
6
43% Jan
29
116
Jan
106
Jan
8
111
29
116
Feb
26
113
July
119
Apr
111:
Feb
19
106% July
113
7 Jun
83% Feb
16
47% Jan
76
Dec
24%
> 61
Dec
1
72% Jan
3
Jan
3
:-;
54% Jan
Va Feb
2
62
Jan
29
53%
Jan
15
41
34% Jan
16
21%
56
126
28% Feb
26
33% Feb
25
58% Feb
18 VB
18%
18%
38%
39
38%
39%
37%
39%
40%
41%
*12 A
12 Va
39%
43%
38%
41%
40
42%
:7
19
*18%
19
39%
19
24%
24Va
25-
19
18%
18 Va*
Ay 24%:
25%.:
..24:," >25% 7 >. 24%
.
:'Y: 18%
'
42%
:
c
;
45.
*12 A
.
1
y
'
—
12 Va'
,
67
65 Va
;
*55
•'"• 25%
'.
.
6b Vb
: :
>:
.67:
*12^
67 Va
68 Vb
;407y
39%
165
10
Feb
16
41% Mar
1
68%
70%
25%
26%
109% Jun
2
Jan
25% Jan
15
100
1
52% Jan
16
Louis
St.
22
26
50
Jan
3
61
Jan
18
Co
Biscuit
Feb
39
-
5
2 >:
34% Jan
20% Jan
15
28% Jan
29
33% Jan
5
4
10
Corp
-
64
————————1 Fibres Inc———-i-1
30
34% Jan
k
15^
26%
201
Jan
31
No par
31
Jan
29
Nat
*105%
>
200
-
—
.
35
198%
167%
167%
23%
23 Va
33'/a
■
'
,37%
33
34
54
—
'
54
.
51%
53
.
—
•
82
■/;
•
80J/e;
82%
30% ';.:Y
29%
30 ':
*
i>"/4
'26%
27Ve
:
17%
18 % ' ;;
•;
54 >
*52%
54%
,/• 10
10%:; ■pi 10 '=V.
- 82 Vt
;.:7;81Y¥S81%'-'
31%
;Yfc-30»:;30%
55
.
20%
.
' ?
*7
104%
.26%
27
L6%-
27%
17%
104 7
105 Va
27%
17%
■
30%
30%
31
'
104 7/8
17%
"
•
21%
80%
;
V'
13%
13%
13%
13%
13%
.
-
27%
•
30
22% Feb
Feb
26
13
V
No par
■r? 9% Feb
25
12% Jan
15
25
80 % Feb
26
91% Feb
No par
-10
40
29% Feb
25
199%
Dec
167
Nov
16% JafT
26
29% Jan
~——100
101% Jan
if 29
National Supply
$2
Steel
National
18
Nat
13%
N
Pa
preierred
conv
29%
(The)
preferred
4% %
Jan
18
3
32
Jan
106
Jan 7
65,.
Apr
22% Aug
•
26% July
102%
Nov
10"%
Jan
1
% Mar
26% Jan
19
16% Feb
26
20»A Feb
11
13% Feb
26
15
Feb
2
Co—.:.—
Tea
Range for
■
LOW
Saturday
Monday
Feb. 23
S per
Feb. 25
share
29%
108%
111
•110%
Feb. 28
!3l
:
29%
28%
55
*53
*106 V
:
34
24%
'A
109
109
110%
110%
40%:
•
30%
Y.;l?6.:%%;27%'
>110%
26%
54'>>
56
in
111%
111% A.
31%.
32
-Vy
■
27%-^28%^
■A
;
)
57%
•••••'
59%
28*
;
20%
t
28%";.'t
27%
'
46%
r
47%
121
t
46-,
120
124%
36
r
36
>"■; 26
>
62
.25%
l
Y
111
4
45%
266
A
•••;.
-25
t :
}■!>
.
28'%
'
47%
-
lie
28%
112%
114.
>
45%.;
48%
14
14
i;
*112%
~
29%
47%
267
270;
•124
30%
>•14%
48
116
v;
30%
29%
V
30%
112% '
.47%
*112%
A. 51%
52 Va
16VB
16%
*56%
18 Vb
51%-
15%.
58
56 -j
,
18%
f
•
-18
r
'
.
r.i
49
56%
A
7
51 Va
52
"0.
52%
16%
•7
15%
i6%;
ic%
-j .18% .-'f
A *56
57%
'18%
v.19
18'/a
57
Va,?;
•18%
!
■:,
i
..
*
'
■
109
19%
—
:
29
27%
113%
15 Vb
16 Vb
16%
119 Vb
-
111%
20%
■;
29%
*112%
•
115%
t:*i09
20%
*109%
21 %
20%
Y
'
111%-
*110
21%
7
117%
29%
113%
16
118
27%
119 Ve 4
29%
113%
V
28
117%
28%
;'
i
114
•
16%
Y
117%
'
15%
7-117
29 Va
28 "A
114
i
IGVbY
115
•21 %'
'29%
115
>116
.
28
28
29%
-
29
-100
pfd—
Co——
,
20 V
Jan
Jan
53 7
121''
277
3
Jan
246
.'r 111
>'
113
28'/a Feb
36
Jan
11
Jan
3
56 Va Jan
25
21
114
A
Va Feb
par
-——
'112% Jan
45
•
——
-50-
2.80
Feb
;
7.
Feb
;
49
.50
Telegraph;
28*
-
7
,r/55% Jan
JU
:
urn ■■Feb 26
*8
j
57%
19%
'.117%
'
32 %
—
•—....
'
—
—
For
34%
173 V2.
.
173%
*30%
—
>
•
31%
*95
81%
footnotes
see
29
105
*94
84%
page
v4
*172%
Si'/a
1176.
3;> %
174
30 :.
:
.
33%
*172%
30
105
84
30
*94
84
33%
34%
176
"173%
"
*30
34%
176
31%
98
,
*95
99
84
84
85
v
28%
>
33%
*173'/a
30
"94
,.v
Y
83%
t
31%
Dec
'15%
Dec
Jan
•
46
38%
Jan
63 Va
Dec
57
:*
Jan
Nov
15
Dec
> 57%. Nov
Mar
mm*
1)
Dec
116% Mar
July
Apr
6%
}t*OV2
Dec
112
Jan
Dec
Jan
> 21%
107%
Jan
112
16 Vb
Aug
23%
Dec
24 Va
Jan
34%
Dec
Jdif
-
Ohio on
10,300,
240
.
i
.
34%
1
,»
'
85 7
500
3,000
8%
v
i
,
V '■ A._
V
-
Co
^«..r.«-TlHpn1f
-
1
No par '
c,
Olss*
Cn
:
.
^
*
Jan
19 y
•
9
~
34% Jan
26'
26
xll9% Jan
.
Jan
120
2
27% Feb
17% Jan
:
26
Feb
1514:.
18
11
106%
Jan
11 Vb
Jan
«...
32% Jan
Y
39% Feb
3 2'A Feb
25
166
Jan
2
28
Jan
2
34
Jan
30
100
Feb
89
Jan
91
75
:
Jan •7
173% Feb
.
.
.
10.
2
25;
l
119
Nov
18% \Dec
Jan
l^)ec
Jan
107
13%
34%
Nov
23Va
36%
Jan
18
74
Jan
30.
58
32%
Jm
-:i
£
Jan
.
-95
Dec
Dec
168
; Jan
155
?°Vr
Jan. 25,
Oct
XL18%
■
——
Mfg
23
27
115
■
No par
1O0.
2.50i
preferred
Outboard Marine &
Outlet
•
J
.112 rJan
:
,
10
—
U.:
Otis Elevator
10
30
*'
;
Oppenheim Collins
\ 8,300
178'
8%
27% Feb
1J 3 Va Feb
15Vb Feb
convertible preferred—100
(The).
—
8
conv preferred A
100
.
1.500
15
26
*
.
Omnibus Corp
,
150
;
19% Feb
Co
4% %
6,200
29,
111% Jan
pfd
100;
-——NO par
Oliver Corp. ————-—-No par
Co 4.40%
Ohio Edison
29.400
%*
lie
PS
30
Nov
26% Mar
3
in
18 '/a Jan
,'V
13% Jan, 7
110
Nov
126%
Janv
9%
165%.
V.17%
11
*
•
par
50%
258 Va
Aug
19%
v
Oct
Jan
118
35 Vb Jan
Jan
Dec
Jan
37%
219
Feb
Oct
i
24% Mar
18
Feb
:
*16%
13'A Jan
410
< Nov
: Nov
no
Jan
125% Feb
Jan
.29 Vb Feb
,
17
28% Feb
2
19'A Jan
?9
65
19
45'/a Feb 25
39% Nov
•;
20
Jan
:
Jun
:
15
Feb
r
.100
75'A
16
Dec
Jun
148 7
29
:.28
Oct
58%
35%
17-
Jan
»
134 v
62
•
-50
Jan
37% Feb
59
26
111% Feb
5;
—1
$5 pfd.
Norwich Pharmacal Co—-—
16%
V
29
Dec
38Va
38%
27%
2.7%; Dec
%
16;
-
—10
Aviation—
Preferred
"
117 v.:
Nov
47%
.47%. Dec
Ay
18
35% Jan
325
;
•
Airlines
Northwestern
69% Jan
7
:
non-cum
26 7
26
Feb 19
xl07Va Jan 14
325
Norwalk Tire & Rubber——~ No par: V
v>'•
28
.
Nov
i
Ul%-
21%
...
»
y t
gl6% Aug
Feb
-
57
v
7
.
.100
States Pow
Northwest
17%
•
'
31
113%
••
111 %
19%
21%
15 Va
—
*109
111%
V H
Aug
18% Jan
6
.
,
.32
8
9
27
Ry_——
Northern Pacific Ry
Northern
V-56%
56%
18,' *•> 18%
»
Jan
,36% Jan
.
Dec
37
37
109
.109
110
110
v Oct
105%
' 49% Feb
• ■
26T
26 ;
24 Va Feb
;
'
*56
.
100
Dec
81%
61%
108 Va
108 % Mar
;
Dec
35-
4 (. t 29% Feb
4 (
26
21
—8
Northern Central Ry
52%
.
30
Feb
.46
:120
3.90 c/c pfd—100
Western
Adjust 4%
48%
51 Va
27% Feb
Industries—
North American
30%
48
51 :.-
8
lll% Jan
35 Va Jan
RR Co„—l.~
North American Co
V-113%114
15%
:
16
&
Feb
.54
SLipblag Corp part stk——1
Norfolk
-
115
29%
Y
Noblitt-Spar.ks
-31%
'
51%
N
'
yl'4%"
<
17
109% Jan
No par
No par
-AO
preferred
N Y Power & Light
124%
X30%
116
112%
48%
.-124'/a
"14"%*'
*112%
275
Feb
17::
17 v
No par
Dock—
i $5 non-cum
N Y & Harlem
47'A
269 Va
York
New
v
25%
•
>
r
Jan
103
-
Feb
Feb
29
100
6% preferred series A.—j
Corp
N Y City Omnibus
27% A
110
Central
York
N Y Chlo & St. Louis Co
|>
;/--25%
31%
:
,
30
29
10.
Jan
40% Feb
%
No par
No par
100
New York Air Brake—
New
.
47%
126%:
A
Va'!
112%
112%
V
48
•••■
268
?v
36-
Va
i
108
"
14
Jan
.
108
•
123
109%
V
*124V2- 126%
30 Va
29%
;
r
30
v* 112%
*46
.
110
48
5,400
r
•% Jan
.24% Jan
*55 Ay-61%-:
*250324; ?
v
26%
265%
;v
l4Va,".
; *112%
30%
-112%
-!
r
-iyi
<
If
pock—1
Newport Industries
t—
Newpurt News Ship & Dry
5,700
:49%
-
*24
V
„•
-
110% Jan
1%
29%
123
y
*109
110'A
'
vl3%-
116
*112%
62
324
*45%'
125%
30%
-
*55
"250
J:
.A':,-'
36
26
26
25% y|
269
29 Va
24%
26
-29
28%
*47
.
•
36%
110
••-,
48% A
62
»
90
56,56
.
.123
36
340
*55
*265
?
123
36
24 Va"
AvA,.
46'A
.125
•
:VA
15%-
62
: y,
264
125%.
31%
29%-
.14%
=
110%
45%
269
\
V
-325-
110%
A
45%
125 %
-
27
•■;.
36
29% #
48%
-J
123
35%
25
•240
110%
49
123
57
28%
29 >A
■'*: ■v
/-
57
:'~56-v
;
gr 47
A
*52
>340
'
56
428%
47 1
*22
26%
*55
•*250
r
•
121;
.
35 %:
A
:
32.- A 32
*28%
-
4
$ per share
$ per $1
,v 28% Dec
28%
...v
15% Mar
Jan
64
.
Highest
High
share
40% Jan
5
i > Jan
32v Jan
New
J)
(J
t per
32% Jan 30
26
54
Previous
Year 1945
Lowest
S per share
3
.3
Feb
106% Feb
[%
;—
1
serial preferred—100
conv
No par
3%% preferred
;
100
New Jersey Pr & Lt Co 4% pfd_10O
Newmont Mining Corp
10
y;;- 2,900
"
-
4%%
Newberry Co
50
.
27%
27
111
--llOVa 110%
26% Jan
1% Jan
Corp—————————No par
Neisner Bros Inc
A'
40
800
43
X42
■
?31%;
Nehl
300
■
g per share
Par
4,100
*
-
35%
*108%
v
c
55
107
>34%
;
•108%
30
1
;
EXCHANGE
Shares
share
*106
35%
*110%
43
v
;
'
r:
111
42:
;•
30
26
;
•108%
;V
41
30
.29
35
35 ;
■ :
"}§
r
t
*53
-
•106?; 107
7*34%
the Week
29%
56
•54
.
.107-
Mar. 1
Range Since January 1
Lowest
Highest
NEW YORK STOCK
Sales for
; .$ per
29 "Va
29 Va '
•
vi
.
g per share
$ per share
'
54
106'/a
Friday
Thursday
'
v?l:
43
.29%
Feb. 27
'A/;.;
29'A
.
54
106 Va
111%
';.42Vb
v
PRICES
Wednesday
'
28%
-
57%
107% 107%34% : 35
r*
SALE
ehare^ti A
'per
30
r.,-.56 :•
HIGH
|A,:' Feb. 2G
'$ per share
t
AND
Tuesday
Jan
15
.
2-;
,-iO
Jan
7% Jan
29
24
Jan
33
2
25
Fibre
Co——.No pat
Vulcanized
a to mas
21
11
34% Jan
19% Feb
Corp
National
National Sugar Ref Co—
Dec
Sep
24-
Jan
Dec
Jun
37%
Jan
Sep
4
741% Feb
Nov
26%
177
18 :
National Power & Ll.—;
20 Va
54%
108
152
1
68
31%
113%.
Jan
24
19
3
30 Va
.
Jan
26
Co_
82 %
17%.
13%
13%
13%
Mar
170
30% Jan
14)6 %
17%
Jan
201
51% Feb
; J 29 %
28% ;:
Jan
37
29
4
30%
,
35%
,
13 Yr Jan
30
Jan 28
108% Jan, 24 y xl01% Aug
National Oil Products
*105Va
"
105 Va
17%
A
'
b
11% May
14-
National Linen Service Corp.—.—1
Nat Mali «fe St'l Cast Co—JVo por
.
20
'
20%
Jan
20% July
-
67% Jan 29
conv
31%
yy 82 'A-
31%
Jan
24%
16
.84% Jan
Apr
13
:
20
56%
'
10
83
;
19%'
•
•
20
'
•„
Jan
12% Feb
10%
*53
10% 7 Y
12% Mar
34%
24
*33%
;Y
31%
14
48% Feb
,
:
30%
A 104%
104%:
V
.
21
30
30%
30%
Y
•: 104%
.
-34, ,./«;>
.
"
.21
197/«
.
*
86
29%
;
'
10 : •
9%
"
■V-
—
7,-,';
;
10%4
23%
34
-
s
*
9%
.
106Va
23%
23%
29
•
No par
.1
preferred
No par
National. Lead Co————-10
;w.7 % preferred Ay—100
A; 0% preierred B_-—100,
$4.50
170
;;K:247'>:24%:
34 7-j:
Yv' >--? 34
5
45% Jan
National Gypsum Co
35
:
13% Jan
21% Feb
No par
Distillers Products
^
30% Jan
Nat Enam & Stamning_
100
14,700.
198%
•168
167%
25%
T05Va
106 %
34%
200
23'/a
*167%
■
■
__
—
33'A
198%
36%
33
199%
:
6105%
106 %
preferred
Oct
A 20% Jan
S''
No par
No par
-10
Dairy Products.
6%
'
^105% 106%:
23 % Mar
181%
100
National Dept Stores
.17,800
>58%
26%
.
Dee
28
Nat
6,500
J
69%
Dec
150
Nov
17% Feb
43
;
58'A
6i%
•55
27%
jV
43
1
114'A Jan
2
109% Nov
Jan
X82% Fe&
16
11,100
41%
:
AO
Deo
22
21% Jan
12%
y 69
7:
;
60
.
12%
*12
18%
97 Va Mar
6
-1
'
41%
•
Jan
6
National Cylinder G is Co
6,700
Dec
16
National Can Corpl——————-10
Nat Cash Register
—No par
National Container
1
7,000
47%
Feb
2,600
39%
Oct
Jan
Feb
3
5,800
18%
28 Vb
38
32%
Jan
Nat Bond & Share Corp
29
33%
51
20
26
26
38% Jan
142
Jan
Dec
Dec
Jan
109 % Feb
16% Feb
105 Vb Feb
Dec
: E4
31%
15
Mar
Dec
23% Mar
6
Jan
40
Dec
Mar
53
preferred
7%
21
9%
25 Va Feb
109% Feb
<
48%
Aviation
National
18
> 29
T
48% Mar
44
Jun
116
Mar
22
Dec
116
140'A Feb
1
111% Mar
112
Dec
Jan
117
Sep
79%
36
2
Jan
v
Jan
25%
13
National
: 18%
18%
7
38% Y
"
38- •
■
—
Acme
Nat Automotive
'
s-7?;
7
16%
15
National Battery Co__
7 205
•27%
29
*27%
Jan
Feb
29%
32 Va
31%
*200
Dec
5%
2
————50
24 %
:
Dec
37
.
P
.
>>:
200 :
200
27%
28%
?
32 %
31%
v.
200
200
28%
:
124
Jan
National Airlines
17%
17%
24
Jan
22 %
15
Co
National
29%
29 Va
23%
..
205
*27%
34
29
109%
55% Feb
&
Chatt
35%
yi
34%
1
2
Mar
34% Jan
Corp——————8
Nash-Kelvlnator
28%
:
26
Bro———No par
Myers (F E) ft
13% Deo
7Vb Mar
30
preferred J
48~
17%
7
32Vb'
31%
;
'
;
28%
27%
28
28
:
—
—.' ;■
';
200
•
4%
?
Jan
America
Murray Corp of
•
Dec
8
29 Va Jan
100
10
preferred
4% %
Mar
'17% Jnn 24
Feb
-I:
'New
:
2,000
v
64 Va
*61%
;
2,200
-160
'18,200
114
112
32% Jan
preferred
47%
•
33%
33 '/a ::34
:7
w"
Y
200
Oct]
fi '
21%
48 ;.
■
'
•
Y
*:
,7
.18%
51%; 52%
'
52%
63
'
22
48
■
52%
■
%3:^'
*60%
'» I-"
21%
20%
48% Y7 7 *47%
*47%
52
51%
52%
61
63
21%
;
—
52%
:
*61
-
7''
:
51
V
112
17%
'
I
'
•
41%
112
18%
•
;
f
VvV^-.
200
,
108
108% Aug;
128
3
38 Va Feb
Co—1.
class B_.
1
;
No par
Munslngwear Inc
No par
Murphy Co (G C)
No par
$7
14
16
16% Feb
13
x45
115% Dec
14
3
Jan
13
Dec
; 58% Oct
May
Jan
;
:
112 :
1
29% Feb
119
26%
13
Aug
42% Mar
109 ;
Jan
112
4
14
Mullins Mfg Co
7l:;7>77;. 50
16
49% Jan
Feb
Corp———5
'ti.W
«•;>;*.»
15
116
Jan
Mueller:' Brass
,6,500
.
48
155
■
112
•111% 112
112
Motor Wheel
29
Jan
6
No par
--No par
& Co.
Motor Products Corp
1,900
,
'
'
v
(John)
Morrell
Feb
pfd._-.i-—*50
cum
2,000
28%
50%
48
/•:
'
*
107
17%
105%
B
series
4,700
28
28%
5i
51'
51%
105%
*
18%
$2.50
100
'
:!j Y A—A:v':
3,400
7s';Y;..;7'
48 '/a
48%
29
Yf.19,900
i:
.
25
Jan
>;56% Jan
26
110 ?
preferred series C
Montgomery Ward & Co
Moore-McCormack Lines Inc—10
$4
i
.,
112
10
No par
No par
No par
No par
Chemical Co
Preferred
140
340
*56%
"*
'
7
28%
28.
M-. 16%
■
145
*140
>
113%
106
.
48%
29
49%
17%
*46%
160
113%
v
105'A
■
107
48
26
No par
Tool
Mach
preferred ser A
$4.50
620
7' f
49
16%
105%
18%
17
*105%
.
777
26%
81% '
26 Va
"7V 58 Va
*46%
■
•
A—: Y iA—'
7
106
79 %\
28%
$
29
'
•7?
26lA
50
28
•
111%
111 N
Y *57
59
*46%
;■
i
7,
138
111%
116
25% >7
*56%
.
287b
28%
30
137
115%
Y
25%
'
28
25%
36%
114
110%
111% 7:
77
7:7,:;-
*46%
v
_
2
.: Oct
112
100
—-20
2.50
1%
s
'
58%
?
29%
111%
36%
137
*111
116
*115%
'y
77.
*56%
:.d
50
>■'' 26
——
75%
,'Yv;':
59'
' '
24%
27%
25.7v
A *56
•
116
115
*112
112, r'
•111
79%
76%
:<y
114
116
111 ?Y:':
.7
\
:
*115
l,V
Mar
75
No par
Mo-Kan-Texas RR
13.000
preferred series A—
Mohawk Carpet Mills
x37
'■*.
35'A
136 Va
137
135%
134%
114
114
*110%
:
-V,V, t 'A;.'.;- .■,;1/
160
Mar
———-10:
Corp
47%
46%
36%
351/4
36%
*35 Va
36
35%
; 132%
136%
'114
.—"
Y
35%
134
Jan
53
11% Jan
'
34
137
9
51% Feb
preferred-,---——No par
$6.50
2,900
31% 7
40'A
46
36 %
36%
35%
•y:
13%
46
128
31 VB
■;
41
■:
45
128
4 31
1S%
41%
x45
77
ini
Y
40
14%
417
13%
40%
*124
31% 7. Y:..31.:
.: 30 :.
J
•
Dec
9
Feb
20% Feb
"
C •124:-
*121
7s
31"
35
Feb
1
Impl
9
63%
Jan
93
43% Mar
Power
$ per share
$ per share
v
163
Jan
Mfg_--w-—u—No par
&
Moline
Minn
62 Va Jan
Feb 26
50
70
_3
100
100
100
:
>±4
$ per share
156% Jan, 24
100
1st preferred
cum
Minn-Honeywell Regulator
4% conv pfd series B
4%% preferred series C—
% 4 % preferred series D
30
Highest
$ per share
Minneapolis & St Louis Ry—No par
Minn St P & SS M A vtc—No par
200
21%
112
8%
Highest
Lowest
Lowest
No par
Steel Products
Midland
140
Year 1945
Range Since January 1
-
■
Pat
2,600
83%
83%
•
55
110%
7 7
Y-
s:s;7-Y7
54%
.
'112
*43%
44
13 Va
.
53%
115,
"*110
?. "■
52
22..:.
; 21
*107%
114
38%
\
Y
•
'
:>7
123
•
29%
; ;
;;
!'"i
Shares
162
.
21%
*112
115
15%
f
A*;-
„
7"
52
iY;; *160
NEW YORK STOCK
EXCHANGE
^
i
the Week
$ per share
YyY
51%
;161 7
*83'/b
85
53%
57
llOVa
•111
45
13%
••
:
.
86
*82
52% Y
*107%
,;. v
50
160
; 21%
21%:
•:VY. 52
Y
$ per share
51%
Sales for
.
Mar. 1
Feb. 28
•
160%
160
86
20%
23
51%
27
.
50%
••
160%
*82
20'/a
'
51
160%
'
Feb
$ per share
$ per share.
7
•
,
?
.
'Y
:
;•>'"
'
:
50
162
'■
'
"
Feb. 26
53%
51%
•
.
■■
Friday;
Thursday
Wednesday
7
'
Range for Previous
STOCKS
PRICES
Nov
•: Dec
79%
Dec
'Volume' 163, Number 4469
THE COMMERCIAL & FINANCIAL
CHRONICLE
NEW YORK STOCK
LOW
Saturday
/■
Monday
Feb. 23
17%
22%
*16 Va
79
V
°36
39
"
74
147
:
>;
16%.
21 Va >•>21%
•
17.%
41%
42%
59
>>> 59
58
.146
*
9%
k
,
/>
74
.12 z '
•
A 146
177
«.145
179
•
9%
%>> .:9Vi
*24":
20%
22 %
17%
'
44%
.->•
...
-<
♦110
17.
17
47%
•110
76
80
; >
>>.63% >• 67%
'■V' -62% V 65
6'.4
6%1'V
;
14
75
55% •
25.'
>
36 Va
26%/>
24%'
/
42%
43%
•
fxl
41%
>-
34
'•95%
92
32%
10%
93 Va
111%
27 Va
28%
-
'
d
120 >
48
40
107 Va
*125
r:
*39%
110
14%
io% ;
14%
;
•'
69
;'•
*110%
28% v:
28%
v
15%
X27%
"120
51%
'
42%
-
•
108 Va
27.
*125
50%:
d 32Va
130
30 'k
31%
110
V
51'A
30
-
273
32%
109
,
fet
109
•125 ;
135 >•■:/, '.•
12%
*125
;
14
102%
104
22%
23%
26%
28%
135
12%
*
>
*125
14
102 V2
104
;'
104
23%
31 Va
132%
13%
51Va..^;,
23
25%
26
•>26%' 26%
*206 ,:>■■
.'•206
42%
40%
11%
12%
;:v 84;:,
41 Va
11 Va
19
85%
18 3
'■*
a
■
•,
140
853i
87%
85%
85'/a
29 y*
26 Va
27
,
■
*85
29 Va
♦197
*197
22%
24
*29
30
28%
22
22%
35%
35%
21%
22 Va
25
60
¥
22
22
36
36
21%
22%
22
26 Va
23
25%
60 i
58,'
58
64 !;s:
65%
62
110%
111
121%
122
133%
134%
•145%
1
:
23
60 »8
34
.
145 Va
*116;
62%
.
110%
";•■••'• 133
116%
116%
•,:. 20
,
''
25
22%
110%
34 Va
33
LOW
Monday
Saturday
Feb. 23
Feb. 25
•;,'
$ per share
112%
121Va
15%
16%
134%
147%
17%
29%
22%
22%
112
*44
,
>
112
*112
\ 22 '
■?>
44%
41
>;■;
22%
24%
37%
37% '
37 Va
29
29%
28
50.
50
22%
62
-;w-
;
23%
24%
*1101a
112%
50
43% > 43% .li
;i
100 v*
*30
V
121%
116
^
•'•!
>■:•
99
;/'•■•
•::>>'' •i::',
37%
d
*47
30 ' >
51
36 V8
"
104 e
.
•':>"
28%
;
17%
18%
,>>
15 V2
For
footnotes
17%
19%
page
•
1176.
19
*112
42%
*42%
23 .•'•■ >>» ':■;•• 24
Corp
114
124:
134%
50
'
*42
»
62
No par
25%
1738
18%
15%
>
>'
C
50
30
35
34%
"
r
'
25%
5
19
Jan >
111
Dec
17 Va
-
-Dec
t
30 Va
Nov-:
Jun
33%
-
Dec
Dec
i
113
Apr
-
;
24%
Dec
Nov
;
\
37% Mar
49
•
Nov
Feb
18
30%
Jan
46
Jan
15
69
Jan
96%
Nov
25
43 Va
Nov
40V'a Jan
11
38%
Nov
3634 Jan
17
-
96
14%
Jan
21
;
July
'19%
Jan
92%
:
63,
Mar <' 1
Feb
16
42 Va Feb
>
•
-
Dec
-
119%
Nov
116%
Jun
41%
1
Jun
Jan
Jan
26
43%
Dec
18
:
•:
Apr
>108% Feb
28
105%
Nov
108
i A
8
Jan
13
3
Jan
5
Feb
16% Feb
•
;
1
;
•«
*Mar
>
Dec
15%
-
Nov
Dec
:V 71%
18
106 Va
Jan
21 Va
Jan
25
Jan V
31
;
Jan -30
.
117 >
19
19 Va Feb
Jan
28
28
36
107%
14%
Jan
Jan
8
127 Va Jan
29
125
X ■VAi-
Jan
10
49
> 30
•
Feb
25
59
Jan
15
Feb
27
41 (K Jan
11
11
Jan
35% Jan J5
110
Feb
7
25
Louis
105
•
RR__*____100;,j
Co__No
paH,:pn\0%Jan
2
f .No par:j ;t>;1021A Feb
Coal
Mar
124
44V'av Jan
25
Cp4-«wt*nVFo2i%..^an
15%
106
-
118% Aug
Feb""8
•V
16 ?
Feb
Dec
37%
Nov
108%
;.?•! 126
Feb
Sep
11%
Dec
85%
Jan
20%
Dec
23%
Nov
15% Jan
25%
Dec
28
Feb
8
,206
Jan
48% Jan
28
190,
15
<
.Jan
30
30
Dec
35
8 Va Mar
25% Jan
7,
•!
Dec
59%
•
i
.
Sep
•Apr
34% -Dec
Sep
V
Dec
•
-113
;> Jan
-
111
Apr
Nov
447/a
74
Sep
'
Nov
19%
•
56% July
•
29%
>
Nov
122
31% Mar
71
27
-
.
Oct
29%
JL2% Aug
109 »A Jan
•
Dec
115
-
Aug
5
17
Jan
>
Dec
40%
Jan
57
36%
Jan
30
47
Feb 26
-±-NQ par* a 106V8 Jan 12
£
Consolidation
9 % Jan
19% Aug
25
22
,121% Feb
7
25% Feb
:
:
30% Jan
r'
27
v-
:
76% Jan
26
42'A Feb
10
Feb -16
117 Va Jan
•
•
26
-
6
41% Jan
43
:.
27
15% Feb
105 'A Feb
.
No par
5
l
Chemical
&
24 %(
106
29%
44Va
51
'»
-
■'>••
24%
'
29'A
29% •:
Va
,
Dec
-:
100
^
26
35%
26%
%
>1
600
>'
-
200
100
26
\.V
53
35%
*
10
V-
160
31%
53
1 ■i
1.000
1.100
36
102
27
103
.'
27V4
18%
18
>16%
17 Va
16 Va
17
16%
16%
20%
19%
20%
19
20
19%
20
18%
,7.500
112 Vav
102
.31%
>
3
;
.68
34% Jan 18
21
Jun
8
30 Va Jan
5
21% Feb
26
25% Jan
No par
32 '/a Jan
21
39% Feb
No par
;V&£21% Feb
26
26
30
1
23
Feb
—50
58
Feb
62
Feb 26
26
3
29 % Jan
9
115% Jan
10
Feb
7
126
Jan
3
136% Jan
143% Jan -7
114'A Jan 23
26 ;
150
Jan
■v
YORK
STOCK
Jan
17
117% Feb
15
Radio-Keith-Orp"
$2
18Va
19
; >
v.
500
9.900
'."•••'■"■
'
•
100
3,100
r\ 17.600
87
V' Feb
Xl48%
Nov
Oct
I
Dec
May
112%
Nov
106
4
19
;•
23%
Lowest
Sper share
10% Jan
78% Jan
>> 90 Va
Oct
3
21% Jan
28
U>7% Mar
18%
Dec
10
112% Feb
11
103
6
£v33
16
Mar
& 25
1
34%
26 Va Jan
50
Feb
33% Feb
Jan
43
5
100
(Robt) & Co 1st pfd
Reliable Stores Corp
Reliance Mfg Co
Remington-Rand
with warrants
Inc
55.400
Republic Aviation Corp
Republic Pictures
15.900
„,$1
preferred—
100
No par
-
18
23'A Feb 27
19%
4
Jan
46% Jan
9
52
_
28% Jan
19%
111
4
49% Feb
•
July
Aug
Feb
50
Dec
19
28
50
Reis
Highest
$ per share
28
38% Feb
50
Nov
Jan
Jan
2nd preferred
Hosiery
35
Range for Previous
»v- >.x Year 1945 1
21% Jan
1st preferred
Preferred
Jan
92% Jan
3
>43
Jan
Jan
43%
38%
iDec
Dec
Dec
Nor
Jun
29% Mar
Mar
50%
Dec
Jan
46%
Dec
11% Jan
28%
Dec
36%
14
106'/a Jan
4
112% Feb
4
102%
Oct
137
Jun
Feb
26
125 Va Jan
17
69 Va
July
143
Dec
27% Jan
7
99
31% Mar
>' 60
17
1
Jan
31%
Dec
Feb
1
22% Jan
44%
Dec
39% Feb
7
22 Va
Jan
36%
Dec
Feb
8
99%
Jan
26
31% Jan
15
15% Jan
15% Jan
7% Aug
10
40 Va Jan
2
1
33Va Jan
22
25
101% Jan
2
—1
25% Feb
1
105
7
21 % Feb
16
50c
15
Feb
21
17% Feb
25
10
19
Feb
21
21% Feb
21
v
v
:
Oct
24%
17
t per share
!:
Jan
Jan
10
29
38% Feb
1
118
65%
37
non-cum
conv
Jan
47% Jan
25
Jan
non-cum
Motors.
Nov
112%
n
,
Dec
138
41
4%
Reo
126
Jan
No par
1
>4%
Preferred
Jan
121%
x
Feb
7
*
'
Va Nov
110
Highest
'
15 Va Jan
109 Va Jan
Dec
27% NOV
115% Dec
Jan
113
2
>15% Feb: 26
pfd—.100
preferred
Real Silk
Jan
22%
—.1
Reading Company
-
Mar
II
Radio Corp of Amer
No par
$3.50 conv 1st preferred—No par
Ralston Purina
66
•
23% Jan
Jan 30
Lowest
Raybestos Manhattan
Rayonier Ino
Dec
102%
15
8 per share
*um
Co 3% %,
Dec
26%
33 Va
V
106 Va
2 >':•
Range Since January 1
EXCHANGE
25%
17•
18
j. 69% Jan
19% Feb 26
32% Jan
Jan
55
%
28
132
>109
Dec
Jan
4
i
.120
—rj—Nn par
Dec
27%
24 %
.
17
,23'/» Jan
109
Feb
59 Va Feb
30%
V
Dec
i8
70
Jan
19
-100
(fh*>
63% Feb
>
Jun
22
16% "Jan
16
■
Jun
12 V*
;
U:
39 % Feb
33% Feb
No par
—No par
conv.,
Feb
Jun
Jun
•
43%
198
27% Dec
17% Jan
18
27% Feb
Oct
69%
91
Feb >
12% Jan
10
•
■
49 Va Mar
29
A—
r
Jan
26% Jan
Inc
117%
99
;
28
ser
Mar
18
28 Va Jan
preferred
Dec
30
3
;
Dec
15%
Feb
18% Jan
Pocahontas
12%
?
93
Dec
Jan
Jan
91 Va' Jan
:
:•>; 44%
6Va
27
1
—....
Dec
205% July
8Va
Feb
26
class B
NEW
39%
-.141
26'A Feb
preferred
r
X'2,600
'4.000
-
44%
*25
'*111
104 Va
,
-•"
50
#42
r'
7
^
(The).^
-
51
*102
38%
>1 50
3
30% -i
35
;
23%
112% >
30%
93.700
,
■
37%
50
■
16%
91
23 5 a
•>
•••
Jan
Jan
198
v
65'A Jan:
•
Shares
v>-/ » > • 800
19%: d
56:.300
*112 >
112 Vav
>
150
44" > 44
4 > 500
>>
37%
Va
99%
;>
,16Va
44Va
123
83% Jan
Serv
Sales for
>19%
:
V-
14
22% Feb 16.
..—.—.7%
the Week
18 V2
16%
.
•*>
23
STOCKS
Friday
it; •"•■•;90'-'>
1
19%;::
112% 4
23 5 a
23%
36
102%
26 V4
16% V>.
90
37%
..nil
51
-
11% Aug
28
:
May
49%
,
preferred.i.—._w—.100
Purity Bakeries Corp
No par
tper share
*50
*43%
'•■:>
44%
103 Va
>•102%
••
.72
.
Jan
; > 12% Feb
■
4
In6il_——;•—25., :•'-30%
& St
Coke
5%
Mar. 1
29
: - >
112Va
35%
25 Va
Il2%
*42%
24%
»49
;4 •:
19 Va
44 ,■••>
*110 »A
>> >
103
16 Va
23%
>•■
51
21
' 37Vb Feb
;
.—100
.r
Mills
Pure Oil
110%
34 %
■>> 90
112%
30
30
Jan
: 51% Jan
:
-
13
.
.1
46 Va
52
•:'«
Jan
-118
iv.
5:
•
Pub Ser El & Gas pfd $5
Pullman Inc
20 Va
20%.
Feb. 28
19%
23V4
102 Va
Feb
V14
—
62'/a
*107%
Thursday
16%
91
•
102 Va
>
Jan
^ 35%
-100
preferred'
8%
*115 :;'7 116
,
$ per, share
37%
28% >29
>
38
107
10V2 Jan
3
Corp of N J
No par
$5 preferred—,..——
—No par
6% preferred—.100
/ > 7% preferred
100
147 %
34
>>'37%-
111
193A
21%
see
34 Va
>. *102
26
16
•
Dec
Dec
98
.
Dec
Aug
•121
•
•
24'A Mar
20%
4
•
.
.
•33 VA
14
5
30
17%
-
16
88V2 Jan
'
397/a NOV
-
24
111% Jan
2nd preferred—^100
Dec
5Va JDec
J
.
...
30
i
Milk Co.——___—..No par
July
73 %
Jan
•>
;.
110
,
46
26
■
Dec
47% Feb
26
;_100
•
27VaJan
>
26
PRICES
*90
.
Jan
27
•
2
-
Feb
26 'A Feb
pud
123 Va
x61 Va
$ per share
>
32
26
Feb
43
—100
Dec
i ..57%. Dec
;
Oct
21%
9
115
-
26
32 Va Feb
26%
147
116
,
Wednesday >
: Feb. 27
>->;
23%
Feb
41% Feb
Procter St Gamble
w
—No par
Public Service Co of Colorado—..20
134 Va
337/a
50%
16% Feb
30% Jan
•
4%%
63;
134%
33%
:>;• >44
111
•
31
50
•102
113
44
*23%
-^5
26
;
—
Oct
14%
6% Mar-
9
_100 ; V
preferred-
111
1
45% Jan
x40
^__5
35
%
113 %
19%
Va
57% Feb
26
22
•'
34%
*107%
38
25
24% Feb
,
•
25%
:•'
147%
HOVa
>29%
59
Feb
% 28 Va Feb 25
> 110
Jan 12
50
Pressed Steel Car Co
•
■
*107%
112%
27
4
13Va Jan
—10
Plymouth Oil Co
59 Va
63
•>:
75% Feb
Jan
33%c >;.
Pond Creek
25 Va
20%
187'a.d>>
xl8
2
Poor & Co
25%
20 Va
15%
•
29
36 Va Feb
C0—-No par
Jan;
14
67
*'
-.21%
Feb 16
Feb
24% Jan
l
20
Plough Inc
22
*58%
61-
90 >•■'•
18
34 ;
29%
Nov
x80%
Oct
Jan
2%. Jan
.
19 Va Jan
'•
Jan
Pitts
*35,7:7 •35'/a
X116
15%
19%
«3
►
26-
51
7 '
RR_
Feb
20% Jan
'
89% Feb
PIttston Co.
*27 Va
60%
90
*90 V* >92
283a Jan>44-
V
.10
J
Quaker State Oil Ret Oorp
>
18
Pittsburgn Forglngs Co——<1:23Va Jap.
3
Pitts Ft Wayne & Chic Ry
1QQh>i ,-»w
■fh-1 %. preferred.
-+.J—s*
100 :V 203 ■ Jan 14
Pitts Plate Glass Co_,
S'-n
10t]> ..^40; j^Feb 26
Pitts Screw & Bolt
_—^No parV/V 10%Jan .,?>
Pittsburgh Steel Co
No: par -%?-l4V2 Jan .3
22%
*112%
121%
134
SALE
.
*198
34%
X25%
•
146%
$ per share
29
1
C.1% preferred class B.
-100
*$■■.$% preferred clasa A—
—100.
•'
6%% 1st ser conv pr pfd—...100
Pittsburgh & West Va
_^_100
Pitts Young & Ash pfd...—
^100
86%'
62%
35
134 Va
HIGH
7% Jan
39% Feb
vi >13%
No par
S5 conv preferred-
;
;
•
63%
146
AND
:
25%
26
112%
Tuesday
Feb. 26
Light
7
3
Sep
27 Va Mar
'32%
Dec
.
x39%
Jan
106%
2
4% Jan
No par
Cofp.
23
16
Jan
Dec
20
Apr
4% Mar
56
71% Feb
70
=
Jan
106%
.
8
? >35Va Jan
.
100
St
.
>
Feb
109% Jan
3
9
£■ 34% Feb
Pitts
12.500r
2.400
*58%
59%:
25%
33%
r
*26 "
22%
''
20 Va
#19%
>*107% 111
_>
new
10
Feb
100
Pitts C
84 Ve
22%
.
26
62%
S
Co
Airlines
preferred
Power
$4
130;
*120
116%
59 Va
21
C)
lo
52'A Jan
par - r'
&
Glass Sand Corp—;
Pllisbury
•
3,900
.
11%
"**35
.
22%
;
34%
^■'•:
(J
8
14'A Jan
83
57
;
1.
par
2.50
No
preferred—
Phillips Petroleum:—^
Pnoenix1 Hosiery—...
10
x13
*28
36
;
11%
22%
28'A
*58%
63
111
112 Va
120% 121 Va
147%
share
85 VA
22 »A
35
24%
J
26
Ford—,—
7%
•
1,200,
25 Va
84%
85%
26%
*197
'
34 V*
35
25%
No
preferred
Phillips Jones Corp_
-
800
„
22
*130
36
:
Mines
110% Feb
19
26
108Va Jan
.
1 iJ-
Consolidated
4
10% Feb
75Va Feb
,,
j_l
">■
13 Va
22%
18 VA
27'A
25
V
8,200
,
*102Va
"
W. 35
$ per
'
28'A
21%
•(';
Utah
Inc_
Inc.
4%
'
41%
,
86%
$5
22%
29
preferred—;
Pictures
Tilford
108Va Jan
1.
No par
100
Philip Morris & Co Ltd^
>
*125
'Q
*197
19%
141
*197
Va
*4
*206 Va
12%
18%
85%
:
100
Inc
■
3
5
—
27%
v"'
Cos
conv
&
Hhilco
.
> 1,000 V
;
41%
'
,;
22
■■
29%
'
*206%
;•
42'A
141
83%
,
13%
18
_
50v
•195
41%
,;ll%
:
11%
16 Va
*134
>
*206
''ir*,"-
40
150
*135
*195
&\:-
■'-•m.
7:'
*109
13%
10
Feb
4,4%-preferrco
J00
Phila-& Read Coal &. Iron_—i— 1
*
2,300 ;
rv-.VyV.*'
*25% *26'A
'
*195
,
69.800
.*
;
v
103
>22%
•
*195
6,000
.
.
31%
135
Dec
Vl Jan
-
-11,900
:.!• 7 32%
32 %\
*
150-
.
50%
110
103
x
*125
;V31%:y.
*109
104
-■
x22Va
•
;
17
•125
>■••"' 13 %
135
13%
.
'
22%
.
31 v»
31%
110 >•:>
•109
9.500'
1
45 V*
28
V
10.800
108%
"
790'
100
v
39 Va
47%1
i"
^ 31 Vi
,
-
153a
,
7:
130
7T; 50 3 i
•.
..<■
27%
108 Va
'
Dec
49
Feb
Phelps-Dodge Corp
25
36VaJan21
Philadelphia Co 6% preferred——50:
* 69
Feb 26
|i; $6 preferred—_—
No par
>111'/, Feb 27
Phila Electric Co. com—L_ii.No
par^ >27Va Feb 25
:'.|;,$1 preference com^—____No pan -; 27 % Feb 25
16,600
.
119
28
5'A
Aug
19
Pfeiffef Brewing Co—
No par
Plizejr (Cnas) & Co Inc_—1
6.600 ;
:
*111%
28%;fr
*125
M
50%
32 Va
30%
*109
113
.•28%;-v¥:
*26
Jun
10
32%
Jan
26
Petroleum Corp of Americu
2,200
73%
120*
45%
107%
25%
.
125
49%
36 '
107
•
28
175
Mar
16 >A
'
'
,
39
"
6
Dec
Jan
lBfrV'a
16
U
Dec
149%
17
->4%%
10-
' "
38
39'A
,
25
Va Jan
Oct
75 Va
Jan
37% Jan
Pet
3,400'-
*14 Va
•",7iV
u
46%
Feb
11 Va Feb
31
38'A Mar
121 %
12
5%
100*
,
4
1
Dec
Nov
X60%
"
::';14%-^?
'33
No par
Feb
179
3
*
Pere Marquette Ry Co_
5% prior preferred—!
'
•
3
26
42
Jan
81
Dec
46
Jan'
48
—100
2,200'
*107V'a
15%
16%'
n? 39 -:;7i •40% -
'
*
X27%
J28%
•:
.;•••;...118 ••'•:•• U9%15%
16%
X38% 40
38%
■;?
108%
li '/4
Jan
24Va Feb
Jan
.
34 V8
15
152 Va Feb
28
8% Jan
.
24
24
Pepsi-Cola- Co
-
.
*39Vaf
171
2
Feb
—I
Peoria
.
•
Jan-
-144
x
1
% Jan
64% Feb
26
Peoples Drug Stores inc.^i
Peoples G L &• Coke (Chic)
& Eastern Ry Co—
-
700
>
•f-»'9T%*
71
•
-
45
4
Feb
Mar
29
r-ennsylvauia,
38.700
1J700''
1,700
27%:
120 Va"
71 Va' 7 "p."727"
;;-73%-.'^;
y ^v"28;;
119%
108
14%
;
•
40% Jan
58
—It,
Pennsylvania Salt Mfg Co
'
34%
;;
.41
108 Va
>;> >:■. 111%- 111%
28
125 '
•
.
Nov
'
Jan
Penn
.
700
37
Nov
89%
44
16% Mar
Penn
600
95 Va
.
23'A
19
160
Coke Corp^
Penn-Dixie. Cement Co new
2,500 V
.:''X4'6'-"V-
22%
Jan
45 VA Mar
10
Penn-Central
27,000 •>
•
Jan
11 Va
15
Jan
»Jan
"A-5%
8,400
13%
22
85
12% Feb
Penney
'
.
16
19% Jan
27
Penn Coal
900 <
'
Va
!
v
a
.>.247a Feb
26
Penlck A;
•
2
19
34'/a Jan
.
<
par
Parmelee Transportation:
_N0 par
Patino Mines & Enterprises—.
10
500!
7,500 f
32
4314
36
•
7,000
:';25%4
V; 40 Va
95
'
'
'
113
26
"
36
-'"•■'"37% 1 38% *t"f.-*:37%'
L
;
,38%
38%
i;';; 38 %
;
27% -.28%
107%
95
.
10% -11
'
47
.
$ per share
26
100
Parke Davis & Coj-
7.400
:
23%
4a :•'
*46 •-
•:
•'•*"*!'V"
~
37%;
28
*32%
*
"
15%
108 *
:
4
No
Parker Rust Proof Co__
3,200
*113
41 rv
39
••40%
r
70
119%
%
••<
Highest
$ per share
10%,Feb 26
Park
8,800.
.
39
*29-
23%
'
15%
16%
;>37%.>40>
:46%
49
'
1
38%
.♦111%
YB 27%
28%
27%
S per share
20% Feb
Paramount
5k100i..
•
*
14%
69
-
>•
2a^a
25%
! 34%' ; 35% .":->f'34% :i435%;
27%
27% t
28
27,/a
117%' 118' ^ " ;119 - 120
94 l/a ' ;V'v' 95 -5
'.94%
•
97 V4 *
;
-
40 Va
37
m 35%37%
73
Lowest
2%
Park
<
^
1,700
14% V 14% V
•30%:
?-•
•95'
*36
n
14%
39 Va
40t%
•
41-
f
i
VA 2,800>
30Va V
23%
38%'
•15 %V
23%
*"■'-'43%; •43%
43% *
X40
36VaH\
>
'
»
110
10%
38%'
vrvr-25 rx
1
14%
36'/a
37%
Xear 1945
'
•'
Feb
,77
,
__25
preferred..
Paraffine
24,500'
;
*73% >75%
53 Va
52%
•..■■■
53%
-.-,"15
6%
*
95
'*107%
11%
14%
53
:
6 Va'
,u.23%;
V"113-
:
;
•51
44,500
•&M 2,800
'-14'a; •• "14 Va
.
6%
4%
30
-v
I4V2'-'
76
>V :r-Vft:38%"
23% r.
•45%
'■
27,
f
♦107%- 110
49
"•
25 Va
42%
^
'
118
1
-
Highest
Pan-Amer Petrol A Transp
5
Panhandle Ea^t Pipe Line—No par
y. > 1,700 vj
>'65
'736 Va
:
x?:
30
*74%-
'
34
26%
d; 117-.
i 40%
»37Va
X
-36%
-31%-. -—29%'
22%
.:
.
34 Va
;
'
96%
'
*
36 Va
30
15%
•29
42; f/
:
1
28%
s
Jan
>16% Feb
'
.
No par
4%
preferred
19,600-77 Panhandle Prod. & ltet.—
,V
77 ■!%;
Electric—
Pan American Airways
Corp
4,200
66Va.;
"•:.;
:
&
Lighting Corp
Packard Motor Car_.
?
,
10
Pacific Tin Consol'd Corp
Pacific Western Oil Corp
•
62,000 j, *
700 .
f
'
*
f
65
:
-23%" ;* 23%
*
117
28
66
o%
*14—
••
'IS-Vi39
•
25
>
.47% ; 47%
34%
36% •;
27 »
•
M 91%
40
116%
108
66"
-
<
101,300
•ii-/:.7
76 Va
Pacific
i 10,900
VWV-;- 400 "
113
10%
x
'•
*110
'-•64-V''
53 %
38
•
42 Va
41% V. >•*40%
;
■
•52' '''
.
22%
51
120
<
•113
22
93%
*91%"
:'v35t,;
111%
79
64V'a.—
64%
75%
•,y*-,:i5
♦113
|
23%
"41%
>
.
:
26
'
'••••>•
-
f'
JWa. *31%
<
22%
71%
11V*
"70%
•65%
,46
Pacific Gas
"18
—•
Pacific Mills——
Pacific Telep & Teleg
•
270
17% V
46%
•110%
•110
&
14%': 14%
14%
22%
17%
'..
113
"10%.
v
>"
77 Va
-22% Vy 23 %
..
38
\- ^.•♦14%
28% y
28%:
d.
22 Va
.-•
1
;y-;^2io,?
;•:''••■■
26
-
2,400
1,100
?;
179
'
-
53 Va
,51%
,
39
14%; i 13%
Lowest
1st preferred non-cum._i._No par-.
2nd preferred non-cum
No par
;:
10.200
£
"
•
»V< .'•••93kv:
22%
110 Va
•
75%
-
&
;;>>V
,11 • \ 0-ll%v:
"
'
74
'_>37%
*113
•
;.6% ^ ;• 6%"
36% "•wvV.SSVa
V:-V30"'- 130 *"'•
36%
••'
*25
•
-•
22 Va
43%' V
6°
■
'--v,
-51'
v
"6%
>>.' 13% :..14%
21%'•>23
23% V
I
.'74';.'.
•
-
'•
25%
7;V: 19% MlVa
'
30Va V
"
;22
:
Range Since January 1
1
Paclllc Amer Fisheries Inc
Pacific Coast Co.,
'•
< 1.140;
144.-: i .144 Va
,9Va
V
*/=
75
;178
17Va ,.;7L>17Va.,.18
46 Va
45 Va
46 Va
i
.64%.
.';;..vv',64%
62%
'•'
9%
24 %
/:
>
60
179
•;-v,.-
113
.
"75
j 61% •.'.64'>
"40
44
74 Va
144
•
♦110
,
!^:036vr
•-35%
-
x45 Va
•75%
60%
144
*177 7
v;^li:%;..•'•11V4-
:,-.
x-i'v 370
85 frW.
■,/43 1/:
f.
•110
*U0
v,
&&30.%r
.II-
.
75 Va
•110;
■
6OV2
22%
'
>.
113 >
10% *11% f" „- -10%
v/
Range for Previous
oTOCK
$ per share
1.800
22% v
'
*17
>;
44% -45%
'.
:17%;.
42
.74-,.'..
,
11
22%-
•:,••••
17%
.
42% I
:
60
.
25
•
113
AOitft.
EXCHANGE
'
•
9%
;
10%
'
;
NEW
Shares
22 Va
i
•
•A *79
•
42 V2
42 Va
178
10%
*11.
41%
;. x73
•145 V>.i
v-
177%
23% >? '■>;
21%
•
v.'V;
.
••-
84
"82 r*-
:•
73
*
24'/a
26%
Sales for
the Week
$ per share
22 Va
.',7:
60
73
>>
82
-
>V 8%
ft 24%
"25;
Friday
Mar. 1
17
22*-
<39 Va •41%
&;> 42% i 42%
82
10%
•;.,
16 Va-
21 Va
39
>
/..
$ per share
38 Va
179
9
$ per share
82
>
: 148
178^
21 Va
•
STOCKS
Feb. 28
-..*72%
4j%,
60 >;>
74.
••
Thursday
'
16%
-
.
RECORD
PRICES
Feb. 27
;
$ per share
-17%
"'22-,
>59%
SALE
WeanCsaay
Feb. 20
;
$ per share
.42
HIGH
Tuesday
-i
Feb. 25
y
$ per share
AND
102% Aug
29
Dec
18%
Dec
,
COMMERCIAL & FINANCIAL
THE
NEW YORK STOCK
■■
PRICES
HIGH SALE
AND
LOW
Saturday
Monday
Tuesday
Wednesday
Feb. 26
Feb. 27
Feb. 23
Feb. 25
$ per
$ per
share
33%
112 Va
19%
114%
,
20%
21.
19%
109
109
•32%
-
"33% ''
33
•
.
108
.
X
25 y«
23%
37%
38%
.37%
44' "
108%
108%
;
44
24%
22%
23%
14%
•
10%
11%
11%
11%
*27
27%
26%
26%
26%
4o y2-
45%
21
45%
27%
44%
27 %
27
28%
27
26%
47".
44
45 -V-" ::
27%
26%
27
26
113%:.;..
113%
15
x55
109
40 A
109
*107%
109%
32%
33%
70%
13%
''
yA
A
357/a
104 i
32 «
22%
*74%
75
71%
28 Va
29%
27%
U%
13%.A':
'46. :'J
43ya
17%
,56
22
f.
57%.
24
21
24 /
*23%
y
75
;
35
-
53
>y
'
is y4
*
6
13
34% Jan
1
9
57%
22%
V
44
V
.—.-5
Ruppert,' Jacob,_——
19%
*23 y4
24
.
58
.
33
Mar
X:21X
Sep
*
34 /-Dec
18%
23
23%
A* 23%
179
•176
34
34%
.
52*% >53%
>
82 y2
82
,
96
;
34%., y
83
.
y
>
21%:?.;
.95%
-
63
;
.
i
34
34
v
114'%, ~
114%
42%
*114
114%
115
128
125
>
-
/A 37-
42%
37%
64%
65%
X22%
22%
65%
62%
22%
22%
22%
22%
*107%
108 V2
107%
*107%
22^8
20%
21%
21%
217/a
43
43
41
41
42
42
107% 'M
66'
-.
22%
5
A',42 A
\
;.-.
47
-A-/
•45
106
NOV
42%
42%
42%
42 y4
42%
109 y8
*107'/a
109 Va
107 '/a
109 Yb
20%
20%
20%
21%
20%
21 %
32%
29%
30%
31%
30%
31% A
22%
22 %
.22%
22%
22%
18%
19'/«
26%
28
.
*
25%
*22 y*
;A 18%
A; 27'/a
17%
20
*
29%.
18%;
;
*123
64
66 y2
12^.
;
;
17%
31
*115%
r;
122
119
42%
40
h-
40
38 V2
29'/a
43
39%
37
A;A:
109
109
13%
14%
-v
41
38
39%
32% X
'
38 %
yy
33
37%
•108%
13%
42
*40%
-v
%
•
5
-13%
119 . A"
40%;;;4l%::r
n
42
X40%
,
'i4
36%
13%
38
37%
:
38
:S 35%
16%
'
•108%
110%
13%
13%
36%
37
109
13%
.
13%."
y
LOW
Monday
Feb. 26
Feb. 25
A
$ per share
12%
Xl0%
"17%
AND
$ per
Feb. 27
♦
12% A
12%
11
11
13%
12%
11%
17%
109%
/
A" 11
17%
17%
109 %
18 %
52%
110
52
55
•
53
Friday
y Feb. 28
.
the Week
13%
x: .13%
13%
13%
11%
11'/a
11%
*10%
18
17%
109 7/a
*109»/a
109%
52%
53'/4
x53 y2
18
18%
«V. *109%
}
I per shhre
$ per share
13%
11
.
109%
53%
A
.1.000
vA: 1.800
10
10
10%
10%
10%
10
50%
51
49%
50
50%
50%
50%
50%
22%
23%
22%
23
23%
24%
23%
23%
*23%
23%
17%
18%
17%
18%
18%
18%
18%
18%
9%
-
18%.
*44
45%
45
45%
42
44
44%
45
333i
37
33%
35
35%
36%
35%
36
60%
60%
60%
60%
60 y4
61
60
60
*16%
17%
16%
"
*103
see
104%
page
1176.
*103
16%
104%
*16%
103
17%
103
45%
*103
36
.
1.7%
*17
,
1Q5
18%
45%,
v,
37%
61
61%
Taleott tnc
?
•140
5.600
-
3.800 *
6.700
;'
.
.,.3.800:
A"
450
17
4-17
200
*103
105
10
j
;
*
.Lowest -
-
$ pet share *
-9 'Si 11% Jan 25 >:
I
3 per share
16
•
Texas k Pacific Ry Co_
.
1
Thatcher
Mfg Co
$3.60 conv
preferred
The Fair
6%
preferred
X
—100
Na par
No par
Na par
.100
'
16% Jan
A 42
Feb
27
Jan
59 Vz Jan
lGVs Jan
103
Feb
Feb
Jan
Feb
Jan
9
15
; 6
.
12
Jan 17
Feb 6
Feb 4
Jan 16
3 ' : 21% Feb : 1
26 *51%'Jan 17
7
37'/2Mar;l
-7
64y2 Jan 28
19
18V2 Feb 11
27
105 Jan 10
Range for
Previous
-:
Year lt)45
1 \A
Highest
V 10% Feb 20
.13
Tennessee Corp
y
17 Jan "4 : 19/s
Tennessee Gas & Trans 5% pfd_100
*. 108% Feb
1. lliy2
Texas Oo (The)
*1—
28 '
52
Feb 26;y' 62
Texas Gulf Producing™
-1 •
9% Jan 3
11%
Texas Gulf Sulphurs™
No par
48
Jan 3
53%
Texas Pacific Coal & Oil
10
22% Feb 25
29 Vb
—8
Corp
Texas Pacific Land Trust
8.800
1.200
(James)-y,
Telautograph
17.700 5
10%
49
10%
' Range Since January
;
Par
2,000'
X-
54 VA
51
9%
YORK
Shares
18
*io9y8
54
STOCK
EXCHANGE -
NEW
Sales for
Mar. I
Thursday
$ per sharp
share
'
*109'%
STOCKS
HIGH SALE PRICES
Wednesday
Tuesday
Dec
45%
•43
;
37%'
109
24%
'
,33%
33%
....
.71
41
33%
33%
14%
•
Dec
Dec
40
-
A
Dec
137
>
42
40%
;
v
-
• •;
''
33
30
■;
Nov
25% Dec
.
20%
•40%
«
33%
109
19%
1115% 118
40y2
46
46
X37%
8%
29%*
29%-30%
> 118 '
39
33
•108V4
109
y
73 %
127% Mar
9% Dec
124
,8
,
19%
X?.9%
29%
38 y2
A 5
32%
36%
V
•123
.
;
66%
'
|
18% Dec
109
Dec
107%
107%
-66%
-
8%
8
40%
40
41
38%
32%
124
*123
19%'
119
*40%
39
A- 42
18%
*118
40
40
124
,18 '
17%
-66.
'
*
5
Nov-',*
33%'Dec
106%
*65
7% •> 8-;5
-
:(
'
X
■
18
106%
66 y2
29%,
,
17%
,
106%
65%
*123
Oct
1
'
i
-
28%
106%
42%
y
20 ya
27%
Dec
22
-24
.22 %
19%
65%
119
:
22 %
28%
17%
17
17%
v;
20
108%
•
29
y
t
27%
,
17% ; 18%
19%
29'/a
n/19%::
,
.123
123
•
5 7%
8»/a A
'
8% ^
"8
16% 5
*106%
106% ,106%
65%
xuxxm
Dec
28V*
.
•
%
i
Oct
42
42%
A
1
Deo
•107%
43% A
107..
21
J
Oct
168
"Nov.
A 20%Dec
*
22 %>:'
vA
>107
Nov
•
21% X
21
f
,
Dec
68%
•; 27 '
*107% 108%
,
555 '
t
Dec
44%
22% 5
1087/a
20%
i
vi
^49%/Dec/^;
65%
.
Dec
39 Vg
38%
64%
■
116
126% 129%
43
43%
65
-
121
134%
;
39
114
126%
43%
38 a/A y
42%
39%
.
115% Aug
33% Nov
44% .5.
.
37%'
*113V2
127~
44% '
43
*112% 116 5
36%-
36%
38%
117 y*
30
Dec
49%
•
116
*114
•
'
42%
41%
45%
116
38-
For footnotes
•
yy-
61%
yy
115
AA 43 Va
V
Oct
•
42%
ii7y«
Feb. 23
-
59,
'
23
•93%
127
$ per share
-
48
Apr
11%
33%
*80
;'V
66 Va
i;
/;
Dec
NOV ";
.
12%
18%
23
23
-
•95
>A 93%
34%
Saturday
Dec
29%
-•
20%
41%
96%
*114
■
50% Feb
Nov/.
12%
y
A16
20%
>' 43:
;
18%
56%
/
96
22%
42
2
31
58%
20%
*114%
Jan
18%
-
A;
43%
*41
41%
83%
•93%
43%
35
29% Jan
Jan
16% Jan 1
A 6%, Aug-,
44% .A
51%
35%
62%
9
:
31
44%
,
50%
*15
i7A.y
34
26 >/4 Feb
10%
.
11
26
82
,
41%
;
X57%
34%
;
'44%
.
58%
81
96
12%
44
12%
X26
11%
12%
100
13% Feb
71%.
30%
.
25%
19%
22
,41%
A
A
35
•
*93
96
*93%
,
81 V.
V
y.
83%:;
A
>
*69 Va
55%
58% ;
16
32% Jan
26
Dec;;
26%. -Dec
-
23
21%
25
49%
21'/a
17% Jan
26
f
-
82
*79
33%
56 y4
-11%
20
Feb
14
26
Oct
106
25%
25%,
,
176%
176 %
26
*93%
Feb
10% Feb
por yAntelope Copper Mines™.™
Dec
46% NOV
•
16% Mar
28 A Feb
26
40
34%
"31%'A
54% y
y 53%
56 >Ar
Ar 83%
99% Sep
20% Feb
,—No par
Typewriter—
1
Ruberold Co iThe).™.:—No pa*
•
22% Feb
Company
Royal
3,900;
37 ye Mar
25
117%
-23% -Dec A'-
31%
.35%
25 y8
-
30%
,
12
.
I
Roan
29
Jan
6%
182
A-'34 »/4
25%
70
29
18%
23%
Ritter
Jan
108% Feb
:
102%
22%
43%
,
Richfield Oil Oorp_^_
-
Jan
M
:y:i,
15%
15%
7%
54%
*176 :
.
75 A
'
33%
*102%
34.
82
'
56%
'C
;
Jan
r47
19
104% Jan
v"
X
Mfg
Jan
31%
43"
26%
25%
25%
103
*78%
12%
23%
76
>
32%
31
23%
^
36%
16%
21
*34%
79
35 y2
22 %
23%
A15%
6% X
,
:
*41%:
43%
is *:.y; % 18
56%
56%
•41%
-18%
55%
•
rtneem
98
A 14%
t
v
DecV:
112%
70
44%
"
►112>/8
73%
43%
44
41%
XX
*—uA
10 ; A
Preferred 3.60% series™_100
16
16
18
:>•
2
Oct
Nov
-
37
:•
Feb
.136
3
Jan
-38y8 Feb
Conrunon
Jan
20%
112%
x22y2
28%
,
1
j.
•110
Jan v
28% Feb
2
Jan
113% Jan
vmA-yi 20%
A; 37 %
class B—^-10
24%
Jan i
14%
20%
>:AA25:>:'"V
,
15y8
41%
33%
22%
*70
.74%
A. 28
28 y»f
12 Vb
12 y,Ay>
:
f;. 11%
*41% >42 \'A
18
22
-.87%
15
27%
14%
•: 40%
*102
82
3
A 45% Jan
■32%
15
>
: j
25%
24%
-
22
20%
•
103
11%
;
7
1
70% ,70%
27%
41%
A A >>24 AA
34%
32%
82
80
31%
:27%
•112%
24%
23%
•>
*101%
24%
23%
•80
*80 f22
i20%
15
HOV2 Jan
31% Jan
'
Nov
531/a
20% i 207/a
112%
'
103
A; 102
26%
24%
15112%
.
23%
31.' a 33?:y>r
24'/4 :
23%
20%
-
-26Va Jan
11
115
109%
14%
•40%
4
26
..IOC
A.
ii Brass
5%%:
share
A; 33% Dec
109
107 V2
►107%
40%
:
% 40'/a
% 20 Va
,
*112% 113
112 Va. 112 y8
"
71
•
Jan
15% s-i5>y
109%
53%
'
15
14%
40%
20 Va
21% A
27
69
Jan
113%
-32
30%
X27 %
■
19%
102 y2
107%
109;%
*107%' 109%
,
27
16
29
19% Feb
J
900
407/a Feb
113 Va Jan
A
2
•27Y4
5:5
55
*107%
71
*69%
®
14%
39%
'./■>:
42
.
.,
26 v2
26%
V
15%
v
26%
109%
54%
>
>29% Jan
No par
Highest
$ per
$ per share'
I per share
tper share
par i \
Lowest
v Highest
>
107% Jan
2.400
■
Lowest
xX'xX-'x''
V-A 5
Year1946
Range Since January 1
*
,
110% Jan
:7.8C0 A
v
«
59%
59
*16
106%
y
32%
32%
70%
20 %
:
*107%
109
% 109
28
26%
15 !:A
,
57
34
V
■A 104
109
•54%
11% %'Cv
113 Vt
27
113%
15%
16
105 %
,
72
33
72:,
26%
*113ys
.'S&>VA.A
y
109%
*108%
26%
■i 113%
y 15%
15%
107
54 '
*107%
55%
109
59%.-
25 ya
*113
"
14%
100%
>
•
*107%
.
'
16%
108%
:
•103%
.59%
.59
59 %
■
'
113%
113
v
.
25%
V'■* 24%
,/
45%
: '27
"
59%
59
:.
59%
8.600
7C
,
^
Range for Previous
;
.
No par X.
1.9G0
XiX.
26%
44%
11
11%
,
1.700
-
27% W'' ;A.
"'
V
11
26%
A
*27
v
11%
26%
I
27
-
26%
47
;
16
27
10%
!
150
16%
16
15%
*26
26%
25%
.'23%- 24 X
15%
27
26' -V-
28
59
;
108% !
EXCHANGE .;;,v
■
Reynolds Spring—
Reynolds (R J) To^
-14,800
•
A]A
'-44
,
*108
23% ' ' 24
•' 24%--r,-"
15%
23%
14%
27
:A
44
•
14 V* .' 15%
23 y4
39
.
3.900
23% '
39% :
23%
.
108%
•107%
5.800
yno
118% A
118%
•
5
Revere Copper
-
38%
•43 Va
A
*43 Va
24
.
33% H
-A
33
•
■
•
,
preferred;—wl00 V
Reynolds Metals Co—
^Nq par
)
5 % % conv preferred—..
100 A-
.
250
-
-
'
6 % conv prior pfd ger
i
14.600
'
XX.
108
V
£
.
Reoubllc Steel Corp
•300
"A.;
207/a
20
21%
STOCKS
w.
A-';5,5...// ' '
V
81.100
-
;
112% 112%'
*112% 113
19% 21%
.109
J109
■■ 108 Va 108%
33
■' 34 % -34
34 %■' -■•:■•
•119
121
.: *118% 121
24%
24%:^;>
23%
24 ';:XX
;
37% , 38% ;/>:
38% . A39 ; A:'A
44
44
44
44
107% 107%
107% 107% /
113 >:XX;.
•
24
Shares
•?..
34
33%
iX-.rX
\the Week
X':X
$ per share
$ per share
Xf{:
34
'
.20%
J
34
117
-H7
119
33
•112%
109: '
•108
■
36%
34
118
X
31%
112%
35%
32%
*112
$ per share
-
$ per share
-
shate
Mar. 1
Feb. 28
RECORD
'
A A NEW YORK STOCK
•
Sales for
A. Friday
Thursday
_■
CHRONICLE
Lowest
r
Highest
;r'
*'$ jpefshb/rext
per
shar*
7%
Jan
A
-'7%
Jan
>'11%
Jan
& 13% Dec
A 19% Dec
..
110
105% July
A;
48% 'Jan
6% Jan-A
36%
Jan
18 Yu
Aug
13%
14
62'
A 10%
;
Dec
Oct
Dec
Dec
t
51% NOV
Nov
31%
Jan
20%
Jun
30% 'Jan
55%
14% Mar
31%
Nov
Dec
44% Mar
8%
Apr*
x93% July
61 %
18%
104
Dec
Dee <
Oct
j
•
Volume 163 7, Number 4469
/the commercial & financial chronicle
new york stock
record
'
LOW
Saturday
,JFeb,23_
$
,,
sJiare
per
Monday
Feb. 25 ;
14%
>>> Feb.
63
■713
14%
-
♦
57'/4
'.55%
109%
53
109%
;
■
63
'54
54
111
y
$ per share
,
1
Sales for
-
the Week
15%
61-
61
13Ms
13%;
13
13%
NEW
:./y,
••
;
•:
•
'j •»
Range Since January 1
Lowest. ' y
Highest
;
*
>
*t
i
Pat
Thermoid Co common—.
10. 7 ; $2Va, div conv- preferred
6.000
■
Range for Previous
jevW- ofOCK
EXCHANGE
Shares
t,:
15%
y.:''
".$ per share
1
13% Jan
50
;
4.900
/
'
Jap
8
12
Feb
17% Feb
20
:
16
.
17
Jan
53
Feb
15%
53% July
64%
10'/a Aug
15V8 Mar
13,
Feb 416
19%
Dec
4
19
Jan
28
68'/a Jan
28
.
109
26
Feb -14
$ per share
9% Mar
'
70
15% Jan
8
;
Highest
$ per share
,
:
HMo
near
Lowest
5" per share
5
60
Third Avenue Transit
Corp..JVo par
;*17%CSi^^iV 300. V Thompson (J
__i
,25
^54 y4
2,800
Thompson Products com
No par
A108%: ■1117 7 *'108% Til fV- \ vj,:. 10
';
4% -preferred'
—/.lOO
*17% 4.17% -7, ;vr *17'/4
x54 y4
54'%
54
55%
*109% 111
y,
64
*60
'M17
17
.
15%.'.:i/.y
Z 14%
./
stocks
Friday
Mar/1
■
Feb. 28
...
$ per share
15%
•
f
Thursday
,
,13% V 13%..
/■
>17 vr
*109%
;
*61
-
14%
17
i
:,$ per sihate
14%
" 63
13'A
17%;'
PRICES
Wednesday
Feb. %1 }
-y
'
ZM
26-
15
<•60
i
13%
.
*17
SALE
per share
15%
*60.
HIGH
Tuesday
■
$ ppr share
K
AND
112
Jan
Jan
12
103/4
55
v —-
19
•
11%
54
19%
11%
11%
113/4
■7.
-11%
:
,
ll3/4
.9.500
"
54
18%
llVs
:
553/4
-
19%
553/4
183/4
•55%'
19%
*553/»
57 y8
19 VB
19%
57
'
I
19%
193/4
VT11 "v
400
111J/4
:
y.<
,
"—
'
.
Hi
.
"
111
42%
111
42%
42%
110%
45 y2:
■;
58
'
yji
7—
«•':
.
k
--'V
60
57'
17%
18%
16%
56%
60%
28%
>79%
283/a
...
*1113/4
.
113%
16%
L_
49%
—
61%
64%
*145
*106
>
*145
.
112'/2
69
iieva
39%
112
34
32%
13 y8
26
•:
22%
45
July
66 V2
Nov
Oct
112%
"
26
114
30,
X31
29%
12%
12%
18%
19%
46%
112%
1151/4
49
109
.10%
J/a
7 77 "
47
47
Nov
4Ve
Jan
9%
*34%
:
'
,
49%
,
29
*109
110 J/2
10
10%
-
109
10%.
United
47 Vi.
United
26 % 7/v
54% Feb
6
16% Jan7
par
39% Jan
49% Jan
3
.105% Jan
16
*;
par
I io% >/
24%
v
■
14 y8 Jan
67%
4
25
*237/a.
5
'
.108
.
.
>7
3
172
C- 50
Jan
3
.60
*204—
30
7...T-
No par
l—No par
No par
11
53%
r11
53%
62
-
54
No
*38%
X52
63
63Va»
42
43
6%
65
6%
66
112 % Feb
25
115% Feb
5
25
115% Jan
17
Feb
25
106
23J/8 Feb
26
106
73%
73%
86.
86
82%,
72%
"
83%
'
26
Feb
144'/2 Feb
25
par
50
;
—20
7
par
Feb
26
86'
Feb
26
35% Feb
14% Feb
1
liy8 Jan
.
24
r
,
2
Jan
12
;
,
72%
.
88%>
88 %
81% >82%
"'5c27%
27% /'
'X51%
51%
7%
7%
8%
T/a
8%
15%
16'/a
*118%
14%
15%
*117
120%
120'/a
8%'
8%
15%.
*118%
21
21%
15%
16%
791/4
80%
8
*118% 120
22'
21%
16%
16%
X79%: ;81 i /
97. .j
97
$6
79
38 V2
Jan
503/4
15%
Jan
2934
Dec
16% Jan
28
"■'77<9%
Jan
143/4
Jun
85
17
Jan
88%
Jun
12% Jan 7 2
73 Va Jan
7
■.
" T6% Jan
3
46 % Feb
25
'lloy4 Jan
Co.__13% 7y 7:,* 23% Jan
7
3
28
*
21% Feb
u.
26
Feb
Saturday
Monday
Tuesday
Feb. 25
Feb. 26
Feb. 23
$ per
$ per share
HIGH
share
SALE
97
-
97
32%
7 11%
Jan
Jan
21
7 103%
Oct 7:7.
Mar^l
20;.
$ per
'
V
76..
io%yTio%
10
85
122
10%
'
Z i2i
:•?:
90
.
49
49-
-
43
*160
.
43%
170
*172." Z 190 T
80%
18%
7 7*80%
80%
19 yy; 7.;/v^l9/,.:
84
19%
39
40% 7
40%
*108
109 7"
101
/
21
105%
•-
15%
•;
16%
,15%
footnotes
see
21
108%
101%
21
*108%
7x
*21
12% ,13
109%
35%
41 „•/
37%- ;
38 Vz<
38%
"s
7
38%
38 %
41
84
—9
%
v
7 % Jan
8%
..1
^^.Na par.
-——.No
par
49
Jan
Inc———1
Dec
67
> Nov
84
19%'"
'
'/I'
:;90v.
49%
49%
3 % c'o
>
1.400
'".*'172
> 82
k
i82'Z
:
400
6
71 52-;i
Jan
72
Jan.
.
14
93/4 Jan
20% Jan
23
128
...
vioi
153/4
16%
2iy8 121%.
16 Va tl63/4r
13%
13%
13%
106 y4
106%
106
Dec
..>?5
Dec
25
81
Feb
25
39
110% Jan
10
f: 75%
200'
Mar
497b Jan
5%
y
1
70
4%
38%
i.37%
'
41
*38'/2
•7
38 5/8
41%;
280
Pow
Walworth
Ward
2
'
Co
21%
Jan
343/4
Mar
22%
Dec
32
Jan
50%
Nov
10
13 ya
Apr
28
483/4 May
86% Mar
7;
13
:•
12
'2
112
Feb
Jan
16
115
Feb
15
90 y2
Jan
44 y4 Jan
18
24 y4
Jan
120
Jan
1
-
107
9
:
29
99% Jan
28
25
122
Jan
„82
Dec
24%
,
Dec
■>
71
Nov
;>
104
Dec
i
1(3
Dec
45 %
Dec
1
Mar
12% Jan
3
5
>"/j7>
Highest
$ per share
3% Mar
591%
8Va
Dec
Jan
81
Dec
Sep
118
2
124
Nov
-T
•
80.;
Jan
21
iJan
2
57
Jan
83
Dec
47
Feb
26
51% Feb
18
45%
Jan
55
Nov
28
4%%
39% Jan 7 4
45 % Jan
30/
36 y2
Jan
43%
Nov
100
165
Jan
18
—^-100
172
.Feb
2
preferred——100
No
G & W
preferred
165 '•'■ Jan
18
175
Jan
15-
Feb
21'
120
145
'18
Jan
Jan
2
86'
22
39
-
20% Feb
42% Feb
165
173
Dec
...
f Sep"
V.
r
'
Dec
64
78
Nov
6
135/a
Jan
20
Dec
4
30%
Jan
42
Dec
Feb
18
1093/4 Feb
par
98
Feb
26
117% Jan
14
No par
20
Jan
3
21% Feb
21
No
13
No
i
Mar
Mar:
.
'
'"75 ?.■ Jan -3
par
No par
100
(Hiram j
Div redeem
8
26
Mar
Dec
29
preferred
Walker
6.500
90 7y Jan
Feb
Jan
6% Jan
48 y2
Year 1..45
$ per share
Feb
107
'
Range fo( Previous
Jan
77% Jan
&
Jan
Mar
Lowest
4
;:
El
Jan
233/4 Aug
28
39
.
Jan
178
10
23% Feb
v
Dec
>121%
Jan
16% Feb
> 37% Feb 26
;16%
Jan
16
>55
Jan
>243,4 Jan
100
No
Dec
98%
2
par
_l
Vulcan DetinDing Co—
Preferred
1.600
19.COO
,106
Chemical
Waldorf System
Walgreen Co
4,400
113%'
preferred
Dec
8%
77
3
110
Nov
50 3/4
24
26
>
32
.
Jan
Jan
66
Oct
Dec
Nov
.
$ per share
21
89
853/4
160
.';/4.
Jan
z
4% Jan.
Highest
104
Dec
27% Feb
46% Jan
,
Oct
176 "7 Oct
77l/8
,,
28
.*;183/4 Feb
/
v
23% Aug
46
Sep,
52% Jan 14,
-
25
div partic preferred——100
'Wabash RR
2,900
101
cum
5
llif wiiii
2,200
103%
100
Virginian Ry Co
i" 6% preferred^
-
19'/a >19%
preferred
$5 pref—
100
Va Iron Coal & Coke 5% pfd—100
!^t;
iv
6%
Va
60
500,
102%
37%
700
non-cum
Va-Carollna
7.900
.*43%
■109'/2
/ *39
5%
Victor Chemical Works
7'*160,
108 y2
'
—8
100
10
10%
*108%
211/4.
Vick Chemical Co
Dec
73%
Jan
Range Since January 1
30
7 y4
U 51% Jan
■
144'/a
$ per share
-10
Vicks Shreve & Pac Ry-
500
;10 :
5,40%
*21
Vertientes-Camaguey Sugar Co_6%
RaalteCo Inc———
Dec
2V4 Mar
■
6
Lowest
1.600
*83% ,;85
*121
7122 ;
;
.
Vanadium Corp of
No par
Van Norman Co————2.50
—
*78
STOCK
Par
1.900
;r.no%
YORK
EXCHANGE
48%
-'
3
Feb
39
57
>
Jan/;:
8
Jan
15
v
Jan
Jan::.'
26
..
Dec
Jun
Jan
Feb
29% Jan
Dec
Jun
135%
31
94% Feb
-
<
preferred-/T.—"188
39
16%
11 '/2
46
Z 58%
:
Dec
77 27%
6
26
8% Jan
1.7
Dec
Dec
12%
.
11
25
Inc.
7% Feb
70%
55%
77
30% Mar ¥ >
77%; Jan /•' >
9 % Jan ' ■ c
35
Dec
Dec
Nov
Jan
Feb
25
Laboratories
5
10
89
3
145/8 Feb
,
•
16
Feb
■
Nov
115%
Jan
97% Feb
,
.
' \/.
Feb
y
11
.
34%
,/160~ i-Feb. T6
"3'
;
•
29
50V4 Jan
"
,
115
Jan
6 3% Mar
I61
28
Jan
84% Feb
27% Feb, 19
" 50
Jan
4.
•
Jan
743/8 Jan
Jan 22
Jan .21
50
38%
2
Jan
187
8-
'79% Jan
154
•
Van
J 79
h
40%.
V4
13%
-
14
29
18% Feb
7...
3
71J/4 Jan
—1
No
5
-
>Jan
-
13%
Dec
107%. Nov
V
'
70';
7
Feb 26
,
V
1.300
t21%>
41
109 %
16%
106%
*38%
46
21%
13%
107%
*80%
19
106%
3914
1176.
"
i
19
o 102
16
5106%
page
'100
'
155/a
107%
363/4
For
98
21-
13% .,13%
107
*39
108%
*40
/
'.
■;«
Jan
IT.
.-'■
Dec
13%
26%
16% Apr
77
8":
11"
""
60
7
;
26
.5% Jan
65
173
—29
,'<g\ :■ *.l'
2.800
•
7>r •85'^
121
40 3/4
preferred..
Feb
Feb
NEW
4.700
4.0*
,-40%
:107.' 107 7,
107
*78 '
83
41
.-100
Shares
*111%
40%
40%.
*106Va
85%:' 86
21%
*110
'
*106% TOT
!
^33
773/4
*106
*
7-; 5J.% Feb ^5
J*-';80% Jan "12
Feb
the Week
20
120%
49% ,49%
*110%
19
Jan
44
7
6% Mar
18
Feb
33
•'
2'i5 >712%
117
Sales for
.
share*
M 32 3/4
.
"
213%
40%
120% Feb
204
■
2 7
7.7 21
~
Friday "
48%
83
10
1
—No par
Universal Picture® Co
$ per sh&re
•:
7;
20
—
Nov
16
7
-
112
108
26
Jan: 11
,
Dec
29
;
7
52
Oct
106 Va
29% Febi-,2.
"r
Oct
Mar
Feb
•A
Dec
Nov
.
25
,
23
V.
Feb 26 "
,
Jan
t' 22;
2:
STOCKS
$ per share
*121
3
v 36% Jan
7? ;,,13% Jan
—
Universal Leaf. Tob
-
200
,
Thursday
Feb. 28;
Feb. 27
'
133/4
6
31
4
Jan
Feb
Feb.
•
'
17 Va. Dec
52 y*
120.
13y8 Jan
•
Feb '
108
7:
89% Mar
Jan
3
—10,. -,!t t!107/8 Jan
preferred
PRICES
Wednesday'*"
$ per share
7
10% May
33% Jan
•
Jan,29
110
26
Jan
*
28
Jan
58% Feb
ij.
Jan > 4
.106
23
No par
20
16
56
v
66
•
Feb
23
No par "
Pref<erred
"41% ' 41%
LOW AND
Jan
118
5
;
—
I
Nov
16
par
-
Nov
30
Stov^kyards Corp—
Universal
-80%
Dec
Nov
5
Jan
Co——
i"t
conv
Dec
31% Feb
—^——'—50
?
'
25%
7-7
Jan
Dec
;
'
13'
36
54
Universal-Cyclops Steel Corp—1
"21%
?15% *:l6%/y;,
>
.
200
v r
July
1% Jan
7
82
"
,?
73/4 July
./ 22 >
Dec
r'
7
United Stores class A
120
*197
-
Dec
40
114
3
Foundry
non-cum
•
United
16%
22
.
8y8
b
Dec
200%
;
47'/a Jan
U S Tobacco Co--.—par /
'
'J'"'
Jan
25Va Jan
No par
1
Preferred
159 V4 159%
Dec
*
29
.1
'If.
62%" Dec
-—5
1
U S Steel Corp.
Preferred
.
159%
27%
38%
120
Jan
"
18
7% Jan
\
/
Nov
22% Mar
26% Feb., 21
t,
4 Va Jan ; 3
.
•
Nov
•
45%
109 3/4 May ,
•75. 66 •' Jan
: 26% Feb •
-
:
2
Feb
151
H
Dec
112%' Dec
Sep
118
5
73
$U S Realty .fy Inapt
1
—No par U S Rubber Co^-——-10 ;
•8% non-cum 1st preferred
100 ■'
U'S Smelting Ref & Min——'
50
.
I
.
Jan
*
'
Aug
31%
15
115
730
■
25
104
7
•
9
r.: 41% Jan
Jan
2T%
Aug
9
Jan
Jan
1\6
Jan
29
1
18
179
110'% Jan 23
;
Jan
'
J
7-
117%
Jan
1003/4
9
54% Jan
13
33'/4 Feb
119
26
par 7
109%
27
37% Jan. 28
42
—100
Improvement
U S Playing Card
50—
,27%
Feb
42% Jan,
.111% Feb
7
Apr
/'y 20% Jan
168% Feb," 7
118
Oct
26%
;lll3/4July
15
31% Feb 20
-■
xll0%
102%' Dec
Feb.25
27% Jan
37y2 Feb 26
,
Jan
No par
U S Plywood Corp
.
Oct
;112y4 Feb
*
10
Partic & conv cl A—
6%
77
Jan
2
18 Lines
65%
65%
180
*180
Dec
Dec
Jan
24
——
^Preferred
44
25%
58 3%
par
Engineering & Fdy
U S Pipe &
52%
Jan
78J/2
""70
59% Feb 28
Jan
U S Industrial Chemicals
NO'par^Z bl
Jan
3
59% Feb
U S Leather Co^_—i—iLl——No
par
13% Jan
10% Jan;. 3.;
.63%
44
183
159'/a
'
"
Oct
; ,14%
26
39-:
*62
6%
183
62%
42
16
112% Jan
No
Dec
Dec
U
—100
;
16
146
15
—jyp par
No
Jan
Sep
5
Jan
Jan
9%
29
27.%
Dec
14%
Feb
.77
Dec
56
106%
.112%
r
Feb
140 % Jap
No
30
109% Jan
25
—7,
45%
•
May
3
26
,-100;
preferred
26% Mar
26
199
54%
Dec
Dec
17
34 % Mar
102
Jan
1% preferred—100
15%
16%
*11% ,12.
52% ; 52%'
11%
52%
's
,
10%
112%
Feb
.
U S Hoffman Mach Corp———6
7^ 75%%
conv
preferred———;_;//30
,ll%nii%
;
Jan
10% Mar
Jan„'28
,
;,
16%
11%
' v-
53%
*11% "12
.
38
y
16
-r_-
Dec
Jan
Jan
98% Feb
No par
■
U S Gypsum Co
*30% "'30%
Dec
Jan
69
;
"
*204
r:.;
30%
Nov
52
Mar
;
^ i 23
No par
U S Freight Co
*112? 112% •
i
59% -62
53%
36
.
107%
103
6
26% Jan
U S & Foreign Secur—No par
77;.: $4.50 preferred' —-1——No par
-
106% oos'/rv
23%' £23%.m~y i
24%. •
113% 113%
24%
Sep
Apr
5
/
Febt .'4
18% Jan
Jan
:V>
24%
*106
29
106% Jan' 10
147
.United Merch &. Mfrs Inc conu_—L/148
5 %
preferred
100
109
United Faperboard—'
10
10
110
10%
3
par
preferred—
Gas
101
4
Z_100
United Fruit Co———l
•/:/
>-;(«o%^5oyi5^/;.
*109
112% Jan..
20% Feb
—
>28
j
2
50
,—
preferred
conv
Jan
111% Jan
United Dyewood Corp————i ,7
Preferred
-100
United Electric Coal Cos
——5
..
51
10%
18%
l
$3 preferred
United Drug Co
1121/4 7112%
109
26
7
s
12% Jan
pfd
Prior preferred
United; Corporation—,
6
26 «/4
s
9
United-Carr Fast Corp__i
No par
Cigar-Whelan Stores
30c
79"
;v.
10
71
United
50
*47 Yb
9
25
28
No Par
United Carbon Co_-!_
,<
19% '.'19%" " '
47%
112%
25%
> 49%
49%
5%
,
*75
19%
f
.
21% Jan;
56% Feb
100
'/
29%
12% 412%
77
47
..
26
100
>.
,
32
; 5.%.
50
lG'/a Feb
3
No
United Biscuit Co—
f
25% : 25% ' *
•
34 Va- Jan
15
5% conv preferred---—•
United Air Lines Inc
.
.13% -.13%
>
29
i; 4l/a %
.
'
77%
*
20
50% Jan
66% Jan
'
Dnite4 Aircraft Corp,^^_——^—ft
35%
*76%
*31
Feb
26
'9y8Jan
•
prior
non-cum
Dec
26
33% Feb-
No
Union; Tank qarn
)
;
44%
*145155
<
4%
Jun
25
Feb
No par
•.
Union Oil of California
Union Pacific RR Co
,
61%
Jan
42% Feb
No par
Union El Co of Mo $5 pfd
r
Preferred $4.50 seriesV Preferrd $3.70 series—j.
•
,
112
Jan
16%
f
Union Bag & Paper,
Union Carbide & Carb
•y
.
3
Dec
31
5.7
5
No
Corp
preferred
Underwood Corp
" "■
Jan <
29
Jap
Twin Coach Co
4.900
i
22% Jan,10
Jan
9
;
Fox Film
conv
26
108
No par
-
2nd preferred
5%
£
-32%.
44%
,
12%
112
25%
48
11
32%
..
.29
19
:0
1
r
38% 539
,
.
*75
19
1UV4 113
;
y
'
18%
'
€
*148% 150
30.16% *117
5%> 6 7;
50%
;
-
••
23% "• 23%
:
y
26'/a
28%
13%
75
27%
12%
28%
12%
.24%
23%
77%
*25%
—
,
"5
*106%
;y<
:14'/a
26 y4
—-
.
*
113
112%
33%
13
,12%
114
*107% 112
76
'
(.
24'-%«
103%:
*113
li2
*107%
28%
253/4,
.114
53.'A
<70
24"
r 102%
'
•,75:
49%
*75
70-
:
67Q
,
68
1
'
24%
103%
34%
*34%
53/4
48 V4fc>
22% ^•23- is. 7: 7
56
*112%: .115
146
50'/4
109
21%
44%
.
:
'
55%
114
43%
*145
5%
'
175
56--.7/'-: 'i
29
26
2
$4.50- prior ptd
Twin City Rapid Transit
100
i,9oqr
i 13% Jan
2
.
Feb
18% Feb
10
No par
\
$1.50
4,900
7
.
>
54
10
Corp
*•*,
,
20th C'en
54,300
22
7
;V 32%/ 32%
49%
77:77/24%'
^55%
..
:,.38%„39t
6%
.
16
<
T75 f
*145
55%
38%
7
66 Vz
/ 108
;7 16
*145
'16
7149
*117% 120
50%
50
Truax-Traer
2.500
8% Jan
<
par
TrJ-Contlnental Corp
/ $6 preferred
1.300i
v
53%
,*106
1C8
*106
112
7
12%
26
,5s/s
175
,
,
34%
30
.
.7,
\i7V2'
65 3/8
>65%;'
■
16
149
112
*1073/4
31%
.
54.100
52%
<,
112% 112%
44
.73
7-700
.
par
<
Transamerlca Corp
Transcoat'l & West Air Ipc
Transue,& Williams St'l
3,800
>
111%
17'/a
y
148
79
.
10
•
par
N<
preferred
Tlmken Detroit Axle
Tlmken Roller Bearing
6.2oa
'
23%
42
36
12%
,
65
<
,
24%
•33%
111%
.7
111%
523/4;.
:
*106
16 %
•
.7.55%
20%
;
21%,-
*142
*107%
75-
.
*145
•'55%
65 %
106
:
*16.
118%
31%
7; 145
33%
!
7
106
.
37%
32%
44
7
163/4
146
*117
1I6j/2
<
42%
63
*106
23%
145
64
52f
52%.
*113
142%
*112
::
7
113
25
3».
111% ■'•> 77
xlOl
149
*m
3
29%
>9%
69%
24
77
51%
■
*112% 112%
106
59
29%
7.
,
*17% ,,173/4
24-,
142
31%
17%;
10
111%
'99%
113
112%
106
111%,/ f.:
23%
'
112%
112%
9%,
98%
24%,
"
29%
6.000
3,900
'17%
NO
a
Tide Water Associated Oil
$3.75 preferred
510;
>;
:
cum
Co
"
Xl63/4
175
55%
20%
104%
17'/o
59
/
:60
29 %
:
>
.'
:
42%
^
59% •59 y2
7
17%
;>.;■ 59 y4.
59% J. 60
423/a
58 y2*
17 %
111%
108
16%
,
70%
23%
58
28% -(29%::.
9% i: 10 '.-V
V,
■50%
61%
-
v
22%
99
17%
'
56%
: 70
•583/4
$3.50
y*
49
175
21
.
•
17
56
•
>:
10
,111% 111%
16%
17%
7.
108
165/a
__
:
51%
**105%:
—
28
110% -110%
423/4
42%
■■
43
>
57%
17 y*
59
9%
111%
42s/a
7
.
17%
57/;/
10%/,
17%
—
'
583/4
.
28
.
*111
■n'
12.100
'
—
Thompson-Starrett
Dec
.106 %
29
'
'
11
•
—
Dec
108
1
105
Aug
61% Mar
'
19
Sep
110%
Sep
110
Dec
20%
Feb
Jan
3
is y2 Feb
16
8 3/4
Jan
14%
Dec
Baking Co_
1
12% Feb
26
15 y8 Jan
14
83/4
Oct
16%
Dec
preferred
100
103 V* Jan
3
107% Feb
20
913/4
Oct
105%
39% Feb
25
13
Mar
3 >3.4
Dec
50
16
29%
50
Dec
5%%
47,100
Warner
100
'Warren
Bros
:
Pictures
Fdy & Pipe
par
5
No
par
31
'
Jan
3
38% Feb
26
Jan
Apr
Dec
;
f.
/
Monday, March 4, 1946
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1176
Range for Previous
STOCKS
Tuesday
Feb. 25
*
20
Mar. 1
30%
-
.
20
20%
32 Va
32%
32%
30
30
31
41
4lS ' 41
37
Va
87%
119
110%
*110%
111
118%
*118'A
119
118 Va
119
111%
111
110%
111
110%
118
118%
118 Va
118%
40%
35 V*
36 %
118%
*114
114
37%
37
28
28
27
27%
27
27
57%
59
57
57
57%
C57%
10%
10%
10%
10%
10
V
28%
9%
25
26 £*
*25
"t
^
34%
36
*92%
94%
34%
35
34%
34
47
29
34%
'i'.C. *2 7
:r> 34%
40
41
42
41%
41%;;
*41
39
38%
73
40%
40%
42 Va
43 %
48%
101
29
29
36
>:•
39
f
:U5%
363A
37%
38%
16
16
7>
33%
21
20
16%
99 Va
19%
19%
19%
19%
*142
♦142
20%
21%
:
14.800
;>
53%
52 -V»
51%
51%
96
*93'A
95%
*93%
94%
95 ; Ai
96
X95
*95
>
98
28
30
30'A
*76.
31
::.':■••
96%
v;
44%
44%
22 Vt
30 %
30
30
:£
•
-
44%
23
30
62%
.25% *-.27
>.':
26
7
/•
.
and asked
•Bid
35%
7
11%
prices; no sales on
>
; • 29%. ^29 ft r
:
30
63 V*
26%
X25%
'
'
S:
a:'
44
13 %
12%
13 Va
a Deferred
30%
■3,300
if
^
*
fWm)
4
Jan
14
26
40% Jan
29
i
33% Feb
25
39%
Jan
30
45
Jan
,
V
Feb
103% Jan
5
Jan
31
72
7 ; Jan
11
107%
26
19
Jan
3
>:
58% Feb
16
98% Jan
21
V
104% Feb
14
27% Feb
26
-32
Jan
35% Feb
26
•;•.
Jan
-19% Jan
30
95
Jan
24
35
*
:
15% Jan
1
7
Feb
:
26
85
'44 •••:
:
87%
Jan
30
21%
26'A
12%
if i2%
■
f
Jan
17
Jan
29
i2% Jan
29
>
16% Feb
26
26% Jan
16
16% Mar
5
10% Jan
:
par
99% Jan
17
19% Jan
7
20
•
*
26
19% Feb
•
•
7;
21% Feb
7
f
34
Feb
26
40% Jan
50% Feb
26
59
Jan
29
Feb
26
65
Jan
9
91% Jan
'
40%
•>
Jan
18
No pa*
78% Feb
27
9
106 " Feb
Jan
38
Jan
73
Jan
•
Foreign
Bonds
Government
*
Cash sale,
Bonds
Sales
49% Jan
30
27% Jan
31
Va
Jan
35% Jan
17
19%
Jan
31%
Dec
26
74% Feb
5
39 %
Jan
70%
Dec
Jan
2
Jan
29
35% Feb
26
10% Jan
3
25
.No par
.2
a
31
■
13% Feb
5,012,000
293,000
4,000
4,620,000
>.
915,725
3,998,500
f $120,500
it $1,887,000
i,02i,685
Mar
27'/». Sep
34% July
44% Dec
5% Jan
12% Dec
20
6
Exchange
509,685
—
f 3,379,405
,
'(••' '1
'■'•
*
'I"
* f
1
...
,
is46
1945
,
$120,500
1945
.
$1,281,400
$1,689,600
2,574,300
16,655,100
22,974,100
27,673,200
302,274,100
532,637,100
$556,892,600
•*' • * ■
,■
,
\
f
%
'
TotaL
-Bonds—
——l-i
-Stocks-—:
.
10
Total 1
20
II
Indus¬
Rail¬
Utili¬
65
trials
road*
ties
Stocks
30
;
DateI
-
•
/;
February 23——
February 25—.—
February 28
March 1
—
:L
the total,
10
Bank of New York
Bankers Trust
Chase
National
33 Va
44*
432
13u
50%
135
112 %
116 %
48%
Trust 20
41%
Bank—i_l.Ai._15
10
Grads
Grade
Utili¬
trials
Ralls
Rails
ties
Bonds
106.46
119.05
101.66
110.12
109.32
Continental Bank
;•>. 40
31%
Co.—10
100
;—10
43%
47
Chemical Bank & Trust
49
47%
21
61
50%
22 Va
63 %
Commercial National Bank ft
Ai-20
Trust1—_10
Exchange Bank & Trhst_20
Trust
Co
ft
106.34
119.09
101.41
110.00
109.21
Corn
106.31
119.11
101.73
,109,61
109.19
—50
62.23
38.93
71.49
106.28
118.98
101.68
109.75
109.17
Empire Trust
Fiduciary Trust
118
42
123
45
62.22
39.01
71.36
106.33
118.94
101.69
109.68
109.16
First National Bank
-100 1,830
1,890
189.42
.
.
$4,549^000 *$21,758,000 $46,731,000
Banks & Trust Ces.
Ask
100
of the Manhattan
Bank
Central Hanover Bank &
Total
Bid
Par
"P tP-P
69.81
190.09
$18,785,000' $30,934,000
2,870,000 ■ ' 15,624,000
103,000
173,000
'
''
Feb. 21,
>H * -' '»■]
^■
_
y-
$441,000,
1 ' 1
1
$2,065,000.
71.20
.
12,000
volume for last
37.97
62.04
1945
24,293,225
*41,651,820
week was as follows:
Feb. 16, 713,095; Feb. 18, 899,365, Feb.
19, 931,675; Feb. 20, 1,009,280; .
712,365; the total for the week being, 4,265,780 shares.
■
^
" " *
1
The
actual volume for bonds should have read:
Feb. 16, $263,000; Feb. 18, $542,000; Feb. 19, $420,000; Feb. 20, $399,000, and Feb. 21,
actual
38.94
60.53
189.06
10
Becond
$3,345,000
2,192,000
1,000
i
$2,352,000
—-
—
Brooklyn Trust
Holiday
-70.25
38.01
61.02
First
i
♦NOTE—'The
Indus¬
Holiday
186.02
February 26
February 27
187.23
.>':
10
-•
236,000
;
Bid
Par
closing averages of representative stocks and bondi
Stock Exchange as compiled by Dow, Jones & Co.
March 1
1946
4 stocks:
New York City
- '.,v'k.
Below are the daily
!•
v
Foreign corporate
and
Stock And Bond Averages
2,807,630
$2,115,000
—' ;r,
Foreign government
w.
$320,618,800
.
Bonds
Domestic
$56,966,300
403,000
Jan. 1 to
1045
3,379,405
.
54,207,500
$29,680,700
616,000
579,000
f
Btocks—No. of shares.
75,461,036
86,425,112
$184,500
$402,000
352,000
' $2,352,000
$1,000
$236,000
$2,115,000
■'
"?'
—:
"
19,000
.
Total
' *
-
>
$1,000"
J,
—* 1
13,000
13,000^. :
*
' -
#r «
$29,680,700
Jan. 1 to March 1
8,881,986
•"
Bonds {Par Value) *«
Foreiyn Corporate
1
,
603,000.
566,000
384,000
'
375,000
Friday.
f
Foreign Domestic
Government.
Holiday '1
$297,000 ;
$104,000
"
265,000 .
;
87,000
,
557,310
—
Thursday,.
4,358,500
25,000
V
Wednesday.,
'•„
\
."
! of
—
Tuesday^^i.i^—.—i-i*.
5,309,000
4,807,000
'
44,000
143,000
335,000
$27,673,200
8iOCk$,"
Shares)
—:
Monday
1,887,000
listed on the New York
Oct
24%
y Ex-rights.
Daily, Weekly and
Saturday-
7,215,000
Bonis
h
47%-Dec
*32% Jan
7 13
42% Jan 15
x-Ex-dividends.
wd When distributed.
Special sales,
Week Ended March i, 1946
y
$7,991,200
1948
.
Dec
62% Feb
.
Bond
Bonds
and Miscel.
8,429,390
'...*. ":
Oct
23%
-
26
4
(Number
Week Ended March 1
.'
Nov
84
26
1946
j.
Nov
110
A
Jan
Week Ended March 1
.*
Nov
100 V*
*
-
21% Feb
28
t
'
Dec
Nov
•
43% Feb
1
V
22,000
TotaL
Nov
•
53%
70
100
*
69% Mar
>13
Jan
28
37
*
h",
4
J8
Co
Total ft.
United States
$25,500
industrial
U
Jan
j. 80
4
82% Feb 18
Dec
22
20 Va Jan
•
Zonlte Product* Corp.
t■
Railroad ft
Jun
19%* Nov
138% Dec
Jan
79
Jan*24
98
Feb1
91
.4-
501,000
Government
Dec
...
26%
*
Jan
38
:
94% Feb 3 5
7
937;
No par
'Dell
Jr
12
Jan
22% Jan
14
10
No par
100
•
-
13% Jan
128
50
Jun
100% Feb 21
'
10
-
-
*
6% Mar
Dec
'35-v" Oct'
,v
1
Total———.
J.
30
-
Jan
Dec
18
94
H 8% Jan
26
Feb
Dec
47 Va
Feb
10
Oct
31%
•
Z.
18.30Q
delivery, n New Stock.
$615,000
Foreign
103
-
Jan
83%
Jan
47%-Dec
Jan >*;
28
>
Feb
107%
•
X33% Jan
No par
Zenith Radio Corp.
4.800
6,692.000
Stocks—No. of shares
78
•
101% Aug
31% Jan
*
Dec
Dec
105%
Jan
16
Jan
r~
Dec
43
,7 Oct
64
Feb
45
50% May
••45%
Feb
100
Oct
Dec
37-% May
30% July
27 Va
Oct
.38%
37% May
11
*
U. S.
27% July
28
42
105% Jan
70
35
29
■£
Jun
56-
Jan
Jan
9
40
Aug
26 %
106
28
37% Feb
Jun
*.
43 Va
,
48% Feb
25
41% Feb
v
Dec
Va
92
i. 31 Va Aug
12 Va
12.50
Corp
T'
i
36
■
$7,350,700
8,429,390
Feb
32%
Young Spring ft Wire
No par
Youngstown Sheet & Tube—No par
Youngstown Steel Door—No par
19,000
.
822,170
Total
V 96%
No Par
Wyandotte Worsted Co
3.500
v
1,174,980
Friday
30% Jan
7 64% Jan
4
14
Ti 54%
20
Tale ft Towne Mfg.
1,395,640
Thursday—
July
Feb
2
Ry——100
Co
York
2,646,650
Tuesday
Wednesday-
Jun
57 Va
56
7 33% Feb
No vary
No
8.000
2,389,950
Monday.
37%
15
pfd 4%% series
4%% Conv series—.100
Wrieler
500
Holiday
Saturday
14
Feb
Transactions at the New York Curb
Railroad
a
Jan
■f 13%
26
No par
.
Shares
4%
17
45% Feb
Corp—12%
Exchange
Daily, Weekly and Yearly
Number of
16
31% Jan
87% Jan
Dec
Dec
61
am—-
Transactions at the NewYorkStock
March 1,1946
3
Dec
3%
Jan
Feb
Prior pfd
A->4
Week Ended
Jan
Dec
32%
32% Jan
26
Dec
16
13% Jan
'<
26
Feb
Nov
-
115
Jan
3
■.
-
40
22% Mar
106
9
Jan-
23% Mar
v
5
62% Feb
2
47
100
Co
1.100
63 ' f
64%* 5
26
7 ,;„*25% ,26%
36%
—:—mn—
Stocks,
35
9% Feb
A.No par
Wright Aeronautical
-2,900
64
36%
V.'M
if
115
25
:
44
;
7
Jan 1
100
;
23%
30%
V
"
37%
tin receivership,
thl* day.
57
Motors
44
22%
77
12
______
7 : Prior
7:
90
78%'-'.'/i'
78%
78%
;
36
37%
11%
10
Worthington P & M (Del)
100
:
37%
12%
x
Feb
5
Woolworth (F W)
t'D-! 700
<"
;-•>.> i
11%
30
43% Feb
115
25
27
Woodward Iron Co
800
2,200
96Va
96%
98
'if
37%
7 2
Jan
*
44%
X30
64
26
f
'
*94
23% i 23%
63
63%
25%
•
Feb
11
v.".
22%
30%
26
1
87% Feb
.
-
Va
-7;'"
'
44
23
-'Pf
30%
■
*30*
43 Va
30
*95
"•93%
.
22
35'A Feb
112% Jan 1
100
.
Wisconsin El Pow Co 6% pfd—100
12.300
51%
95
v..
21%
51%
95
95 7
78%.
7-
44
52
X51%
78%
118%
preferred
$4.25
ff
f:";-
;
35%
78%
Sep
Co
Wilson-Jones
600
*142
53
OH
Wilcox
400
V
19%
35%
78%
79%
19 |
• .:••>:•;
•17%
19%
53%
95
113%
'
100%
"*100
19%
*142
947/a
18
'41% Feb
-
9
Jan; 31
16%
•V
10
Wilson & Co Inc
35%
94%
•
Willys-Overland
51%
*94%
•
16.900
>?>•• 17%
17% ;
100
*19%
22%
35%
<
44
-
21%
•
2.500
52
96 V.?
96
119% Feb
conv preferred
Prior preferred
300
10%
35
97
10
110
1>
34% y'm
51%
*h- 50
117% Jan
Mach Corp
10%
*34%
54
•
-.17%
7 100
7
Dec
100
.——Nonpar;
34%
51%
*94%
78%
'21%
19%
112
$4
7
70
90
*85
34%
*93'A
•29
■ra:
?>•
*142
vff••;
,52%
95
i
17%
Jan
-
34
|
55
r
White Sewing
*85
100
101
White Motor Co
3,100
15%
505/8
>> 35
51%
6.200
15%A ,'•;
10%
•>
700
•
39
34%
*19%
23
11
preferred
conv
>'V
89
*99%
;/•
Oct
Jan
113% Feb
100
No par
;
$5 conv prior pref
No pan
White Dental Mfg (The 8 8)
20
5%%
y-'f 38%
*10%
17%
.16%
99 Va
17%
100
*
118%
Elec
16
'•34%
35
113%
Jan
No par
38%
10%
88
p *34%
v
Jan
109%
A_1
series
16
21
10 V*
28%
100%
6
Ry
Wheeling & Lake Erie
350
102 »A
28%
10
Wheeling Steel Corp
10,000
49%''
Maryland
$3.75 preferred
'20
"
Jan
'122% Feb
Instrument
Westvaco Chlorine Prod
fiffif■■••'•'•>' 30
106
101%
>
*85
85 W
33%
10%
,
10
85
>
-
75
.
47%
•
•
29
-7- 38%
15%
22%
16%
102%
*28%
35 Va
10%
100
102%
28
20 %
••
101%
>28 %
'
48%
101%
10
,
46%
15%
-
35
100 Vai
48%
47%
f'
1
*70"'
*101
106
*101
28%
87%
87
*33%
48-be
*
75
*70
;>•
27%
16%
'
75
106
'
■>,
'
'-f
*70
*101
100
r
.
46
•:•
''*>
53
100%
•
70
105%
Nov
3
4
Preferred
40
37
7,2
Jan
Inc
Westinghouse Electric
1.700
Nov
Jan
non-cum
Weston
Nov
89%
36
Westinghouse Air Brake
1.080
38%
Apr
112
Class B
y
•
i.5oo
107
*105
107
-
36,500
*
•»
41% i''
40%
40
7
.
—-
Jan
115% Jan
Supply Co
Western Union Teleg class
:8,100
34% ;->• v,'.
a;',' 34 %
40%
42
*105
106
70
•
108
34%
34%
40
fV
•
-
40%
'
•70
*106%
v
41%
:7
107
107
106
106
-
40
39%
.
-
29
•27 v:.:
Dec
24
84 >/a
3
14
-
Lines,
Preferred
900
*;'
';<■»'•>: 16.800
95
34%
40%
'
107
95 V
46%
34%
34%
38%
38%
*106
95
47%
47 7 '
'7734%
33 Va
2.600
."16%
Jan
2nd preferred
100
Western Pacific RR Co com—No par
4%
■
7794%
29 <y
*27%
'
49 ftp
,
6
46% >47 %
40
*
46
•
•
33%
41
43
>>
29
*26 Va
35%
40
25%
400
48
45 Va
33%
V
5.400
25%
49
■
10%
49%
46%
V
60
10 Va
25%;
93
'
60'
10%
48%
48'
■
Western
59%'
v
10%
25%
92 Va
48%
Auto
48%
49%
29
Air
Western
28%
93%
45%
Western
1.800
Dec
May
87
No par
preferred
3.20O
Dec
47
33 Va Jan
No par
1
Va Pulp & Pap Co
4%%
28
48%
:
West
28
.
*25%
48%
*27
59
28
25
:•-,
93 %
"
V,
120
80
Dec
Jan
26
pfd
Power 4%%
Penn
115
30%
*
33%
*
100
100
2.100
:
37%
37 V*
31
-
_No par
West
'
118Va
118
6%
230
>
110%
47% Jan
Nov
32
Jan
Mar
13% Feb
preferred
preferred
*114
115
115
210
-VA
20
5
class A—No par
West Penii Electric
7%
24'A
16
f 21%
14% Aug
5
34% Feb
25
Corp-
Indies Sugar
West
80
•
117%
*110%
37%
37
114
200
--
11,300
114
117
118 7. 118%
■
114
■
114
i
•'
39
-
114
114
114
1
33% Feb
Feb
preferred
$4 conv
22% Feb
9
40
Inc
Tobacco
OH ft Snowdrift
Wesson
24
26
'•
1
Webster
-
Highest
$ per share
$ per share
28% Feb
Wayne Pump Co
2.000
Lowest
1
$ per share
share
Jan
30
4,400
t-•
;
•90
38%
38%
38%
38%
114%
•>"
119
38%
'"7
89
*87%
38%
V-114%
38%
119
119
14
;.;f :
Vear 1945
Highest
18% Jan
5
Corp
Waukesha Motor Co
1,500
••
$ per
Lt Co__—No par
5
Washington Gas
2.500
37
*87%
•
EXCHANGE
Petroleum
Warren
500
41%
13%'
35%
35%
.
31
*35%
-13% ,14%
-
36
35%
:"^87%
42
*41
Lowest
Par
1.200
i
33%
30 Va
*41 %
30%
114
365/8
114
114 %
114
89
*87Va
39 %
20Va
33 Va
33
X30%
V14 Va
>.14
:
14
89%
20 Va
20%
33
"P-'-p:
V/.7'
Range Since January 1
STOCK
XOrtiv
Shares
$ per share
share
'
35
14%
36
.13%
•:•;•; 34%
13%
37
*20%
20 Va
28 Va
40
*87'/a
$ per
40
32
40
$ per share
32 %
■
NEW
the Week
19%
20%
32%
32%
-
Feb. 28
share
$ per
$per share
share
Friday
Feb. 20
Feb. 23
$ per
Thursday
Sales for
Wednesday
Feb. 27
Monday
Saturday
PRICES
HIGH SALE
AND
LOW
-
Pulton
100
190
Manufactures Trust Co
Public Nat'l Bank ft
Trust—17%
United States Trust,
49
60%
327
,
44%
110
44%
89
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23 V*
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Volume 163
THE COMMERCIAL & FINANCIAL
Number 4469
Bond
((»
FRIDAY
V/-.,, NOTICE—Prices
the
WEEKLY
YEARLYzZZZZZ i/Z/-/
■
interest"—except for income and defaulted bonds. Cash and deferred delivery sales
and when outside of the regular weekly range are shown In a footnote In the week in which they occur.
week,
The italic letters in the column headed "Interest Period" Indicate In each case the month when
RANGE
BONDS
York
Stock
Friday
Interest V
Exchange
D.
S.
*h»
WEEK
hands
ENDING
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Friday's
or
Sale Price
No
| '
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January 1;
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MARCH
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1949
1955 1960
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'
Teletype N. Y. 1-971
Z
21%
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,
1946
Monday, March 4,
THE COMMERCIAL & FINANCIAL CHRONICLE
1178
BOND RECORD
'v/v ;':f\
Z
•'
1
range for week ending march i
f
'
1
"
M
1
'
1
" "
"
1
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v-
.■
—ZL—
**********
banks, institutions, lawyers, executors and
To dealers,
individuals,
offer our services for quotations on
we
OVER-THE-COUNTER SECURITIES
H. D. KNOX & CO.!
27 State St., Boston 9
Telephone: Capitol 8950
Teletype: BS 169
Broadway, New York 4
11
Digby 4-1388
Teletype; NY 1-86
Telephone:
ESTABLISHED
BONDS
York
New
Stock
■
■
,.
-Period
,
-
Friday
v
Interest
Exchange
Last
-
Week's Range
or Friday's
Bid & Asked
Sale Price
v
•
V 611 Broadway
4
Low
High,
AAssentlng 4s of
AAssented
to
Sold
No.
Range Since
AAssented
to
Low
Minus
a
to
external
reduced
(Int
New
(State)— :
Wales
South
external
f
s
External
fund
sink
sink fund extl
4s
101 y8
103%
1956
105 y4105 %
'103%
107 ^
1965
104 % 104%
1037/8
106%
103%
106%
,
4Vis:
loan___
(State of)
1967
,
Stamped pursuant to Plan A
(Int reduced to 2.125%)
external 7s
tRep of)
'
101%
General
—
External sink fund
A
a 4
gold 8s
V2 s assented
'
Alegre (City of) 8s—
Porto
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Ref & gen ser U
>
—.1961
-
Qu
Beneficial
A6s
(Int
municipal, loan
(City)
Paulo
8s
Stamped puisuant to Plan A
(Int reduced to 2.375%)—2001
8s—_
(State)
A 8s
series II
4%s series JJ
/
3%
,,
§Alst & coll 5s
A Certificates
;\
extl water loan
r
reduced
5 A Secured
Consolidated
—
5s
f
s
to
Calif Oregon
1
reduced
3.5% )
to
a
8s
1940
a
7s
series B
__
extl
sec
ASilesla
(Prov of)
A4%8 assented-.
^
54
.1952
—-1955
External
External
A
Power
Power
3%-4y8-4ft
*108%
123
:
124% 125'A
117
117'/4
109
107%
—
123
107%
118%
125
122
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f'
!
116%
118
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117%
119
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122%
123%
122% 123%
121
123%
*118
•
115% 115%
114%
116y2
101% 101%
101J/2
102%
118%
108%
118%
108%
100%
;
105%
117
,1965
Clinch ft. Ohio 4s
& Adir
1st
gtd gold 4s
Corp 3s debs_——
ACent Branch U P 1st gold 4s
1979
ICeDtral of Georgia Ry—
Celanese
conversion
t
1978
extl conv
readjustment
external 7s
1978
1984
1958
1958
A 1st
mtge 5s__
I AConsol gold 5s
1981
:_1965
1948
!
r.
Nov 1945
•
1945
:
series .B—
1959
series C__L——-,1959
ARef & gen 5'/2s
ARcf & gen 5s
AChatt Div pur money
»
A Mobile
Div
gold 4s—1951
,1946
1st gold 5s—
Railroad and Industrial Companies
tAbitibi Power & Paper—
Central
;
stamped
1953
Adams Express coll tr gold 4s_——1948
series
A
Coll trust 4s of 1907
1947
i
10-year deb 4y4s stamped
Great Southern 3y«s
Alabama
1948
1967
107
108
__
tACent New Eng
tACentral of N J gen
*103
101% 101%
*104% 108
104%
105%
103%
101%
101%
105%
105%
1
A5s
A 4s
1st gtd 4s,
registered
AGeneral
1960
.-1961
gold 5s_——1987
1987,
Light 3Vis
108%
103
*104%
Illinois
105%
4s
———
44'A
3y2s
Albany Perfor Wrap Pap 6s
Power
1st
mtge
-1972
108 Va 108%
3948
101% 101%
101
assented—
1948
101
Albany & Susquehanna RR 3yas
1946
1975
100% 100%
warrants
Ji
mtge 4y2s
footnotes
see
page
1181
116
-
116
107
108%
Central
N
Y Power
1987
101%
102%
Central Pacific
101
105
•4'
99% 100%
114
116
.
Guaranteed
3s_,—,—.—1974
1st ref
gold
gtd gold 4s_1949
5s
—1960
1st & ref series A
i:
<(4%*>. to Aug 1 1949)—
1974
60 Va
39%
50 >/2
——1987
registered
61%
42%
.
For
.
4s—u.1949
1979
readjustment
(City)
Cart
1937)—
A4%s assented
Gen
104% 107 y*
of deposit
Certificates
Carolina
1964
bonds of
($
4-4%-4%s extl
with
/
108%
*107% 109
-1968
3%s-
3%s—1974
Carolina Central 1st gtd
1960
3%s extl readjustment
6s
100%
98
5
9
cons'gtd 5s A,—) 962
Canadian National gold 4VaS—u—1957
Guaranteed gold 5s
—Oct 1969
<
Guaranteed gold 5s
——,—1970
Guaranteed gold 4%s_
-1955
Guaranteed gold 4y2s—,——1958
Guaranteed gold 4%s_——
.,1951
Canadian Northern Ry deb 6y2s—1946
Can Pac Ry 4% 'deb stk perpetual
1955
AExternal sink fund 6s
Arabama
105
(Republic) extl 8s——,1948
3%s-4-4ys%
§ A5s
55
104
'
—-I960
gtd
57
48%
63
108
-,1958
1958
extl 7s__
AExternal sink fund 6s
•
1962
1962
8ydney (City) s f 5y2s_—
AWarsaw
1
1978
(Kingdom)—
secured external
Uruguay
106 y*
105%
105% 106 '
Canada Soucnern
2%)——2012
7s
Elec
California
1968
Serbs Croats & Slovenes
A
K
;
.107%
.107
106
1999
Stamped pursuant to Plan A
.
106;
v
—1934
—•
Bush Term Bldgs 5s
1999
•
(Int
—
106 y8
105%
107%
1956
dollar loan
(Int
85
—
10511 10511
*107
,
81. ;
104% 105%
104% 104%
*106%
deposit———
of
Bosh Terminal 1st 4s
!
Stamped pursuant to Plan A
,
•
76%
due.——1957
to May 1,1947)
fBurllngtOn Cedar Rap ft Nor—
(Int reduced to 2.25%)—2004
extl
;
106%
104
76%
75%
79%
77%
76%
Stamped pursuant to Plan A
A 68
106%
100%
.!■•/.!
■
100% 102
1950
external
Stamped pursuant to Plan A
(Int reduced to 2.5% )
A 7s
5s
108%
106%
106 Va
,
1936
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(Int reduced to 2.5% )„.
M
105%;
107%
♦io6V2 107
Stamped pursuant to Plan A
(Int. reduced to 2%),;
..2012
|ASan Paulo
102%
104% 105%
—1955
1957
A6%s extl secured s f
—
*108
kf Gen tntge. 8: f 3y2s—f
:i-1969
j
4s s f debentures——
—-1969
Buffalo Niagara 'El 1st mtge 2%s_1975
Buffalo Rochester ft Pgh Ry— Stamped
modified (interest at
1952
—
102%
1970
I
1st 5s A C———1967
Bklyn Edison cons M 3'/is-.———1966
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 6s series A_
1947
1967
Stamped pursuant to Plan A
'
(Int reduced to 2.25%)—..2004
Santa Pe external sink fund 4s
1964
SASan
101 %
*102'/a
1956
101%
102
"
>
132%
130%
132%
*101% 102
1961
RR—..——I960
f.Alnc ratge 4V26 ser A——July 1970
t.A Boston & N Y Air L 1st 4s
1955
1966
—
132
5s series C-.—1960
ser
y»
♦106% 107
1st
Stamped pursuant to Plan A
(Int reduced to 2.25%),
2004
A 7»
;
2%s
mtge
,1st gold
reduced
external loan of 1926—-,
A 7s
'i
101'/a 191
1951
3%s
\
101%
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/:1st mtge 48 series
pursuant to Plan A ■' 'Vg;
to 2%)_«
2012
Stamped
i
100
Indus Loan 2y4s———1950
Boston & Maine
to Plan A • H:
(Int reduced to 2.5% )
1999
external sink fund gold
1968
pursuant
83%
101% 102%
103'/* 103%
•
/; /'*■
,1951
debentures
Cons
__1948
'
Stamped
2%s
94
101% 102 y8
1951
Bethlehem Steel Corp—
(State of)—
extl loan of 1921
A 8s
'
95%
80y4
,—1959
.
—
Bell Telephone of Pa
1953
pursuant
Grande do Sul
Rio
93%
91%
:
2000
Beech Creek Extension 1st
2001
to Plan A
7
(Int reduced to 2%)—
2012
Stamped
(int at 1 % to
stamped
4s
96%
97% 100
ser
Con ref 4s
1946
8s
92%
.
1947
(City of)
Janeiro
Stamped pursuant to Plan A
(Int reduced to 2.375%)
AExternal sec
6%s
102% 103%
'
due,——^,1995
f Toledo Cin Div ref 4s A
Bangor ft Aroostook RR— /
7%s_—1952
•
ARJo
.
1948'
Pgh L E ft W Va System—
I
Ref gold 4s"extended to
1951
S'west Div 1st M (int at 3%%
to Jan 1 1947) due
1950
2001
Queensland. (State) extl 6s
44
38%
35
F (int at 1% to
Sep 1 1946) due
1996
A Conv due
Feb 11960
Ref & gen
«—,1966
APrague (City of Greater)
117%
42%
1948
Sep 1 1946) -due
{
Stamped pursuant to Plan A (Int reduced to 2.25%)
2006
r
107
112
113%
(int at 1% to
.
due
1995
C (int at 1%%
^
to Dec 1 1946)
1963
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(Int reduced to 2.375%)—
1946)
1
Ref ft gen ser
-
a
104 «/a
109%
pitge
Dec
f-;
_1950 !
:
125% 128%
128% 128%
1984
A
124
124
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Ref & gen ser A
.•
.
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A4%s assented
1968
•
.
gold- (Int- at; 4%' to
! '
Oct 1 1946) due—--—July 1948
;
,
s
1958 :
,
4V2s
unified
1st mtge gpld 4s.L-w-July
Stamped modified bonds-f¬
ist
1940
gold 6s
of)
.
107
131% 139'A
137% 138 %
137%
M-N
103%
105%
106% 106%
—
95
92%
100
Baltimore ft Ohio RR—
\'
»_1961
(Rep
Nov
A*0
106%
99%
42
42
1960
Loan extl s f 6s 2d ser
106%
.95
103% 103%
105%
105%
106
95
95
107%
103%
106% 107
Second mortgage 4s—,——1948
102%
1959
s
loan extl s f 6s 1st ser
A4Vas assented
July 1 1995
July 1 1995
Atlantic & Danville Ry 1st 4s
100
2008
A Nat
SAPoland
US
103%
104% 105
106%
107%
103
1st mortgage 3%s
——,-1963
Atlantic Coast 1st cons 4si
July 1952
;■
a Nat
A-0
106%
105
153%
143V4
106% 107%,
—
991/2
*105%
L-1947
7s
103%
r! 99%
A-O
V ; 107%
102%
107% 108%
107% 108
143% 149
Nor 1st gold 5s—,
—1946
Charlotte Air Line Ry-*»!
&
&
Atlanta
F-Av
A-0
io7%
147%
High
100%
*1011/4 —
1994/
Ext sec ref 3%s series B-.
—
♦101 y*
1963
Stamped assented 5s.
Stamp mod 3 VAs ext to
A Peru
*102%
extl s f 5s ser A_1963
(Rep)
A
APernambuco
*101%
1970
:1959
(City) sink fund 4%s——
A Panama
104 y6104%
1963
Municipal Bunk extl s f 5s
Oslo
Atl Knox
101% .103
103% 103%
1957
„
4%s
(Kingdom of)
Norway
102% 103
——1958
«
5s
-
1964
Fe—
•
—-i,599b
Adjustment gold 4s
Stamped '4s———
1959
.
Low
.
'-.7
Q-J
General ■ 4s—i——L
1952
External s f 5s
Co
i.
<Jan
Atchison Topeka & Santa
2008
7s
(City)
&
-JV-S
January 1
Sold
No.
High
';
Since
Range
Bonds
Friday's
Lot#
■
■US
1998
4s
(111)—
mtge 3V4S series E,
1st
■
1969
-
1st gold
Arbor
Armour
.
,.1959
A
series
A6s
Ann
.
or
Bid & Asked
'
A-0
Nitrate deb——196«
A Anglo-Chilean
k-rvkk
Stamped pursuant to Plan A
(Int reduced to 2.125%)
AMontevideo
debentures
3s
—1958
ASec external s I 6y2s_--_____.
.
debentures,——1980
2% debentures.:
————-,,1975
Amer Tobacco Co jdeb 3s_
1962
2.125% )—-2008
to
conv
v2%s
•
f 6y28
s
3s
agree
Stamped pursuant to Plan A
1998
2030
Telephone & Telegraph Co.—
debentures-.
i,—-.—,..1956
American
:
1933
1942,
5,
Last
Sale Price
7.
agree
1913 assent
Nov.
Week's Range
Interest
Exchange
Alleghany & West 1st gtd 4s
Am & Foreign Pow deb. 5s
agree
1942,
(State)—
oeraes
Sec
:!v
5.
Stock
York
High
1945
Nov.
8 a Treasury 6s of
AA6sented
1942,
1910
Friday
-v.
Period
New
January 1
—1954
1904
Nov. 5,
AAssentlng 4s of
BONDS
•
Bonds
Mexico—(Continued)—
•vV
.
Telephone—Digby 4-4938
1926
__
•,
■
105 Va 106
56
52
%
107
108 y4
108%
107%
108% 109
108%
106
107
110
105
106%
Volume 163
Number
4469
THE COMMERCIAL &
FINANCIAL CHRONICLE
1179
NEW YORK BOND RECORD
RANGE
BONDS
New
York
Stock
i
Friday
Week's Range
or Friday's
Interest
Last
Period
Exchange
Sale Price
S A Central
RR
&
ENDING
MARCH
1
BONDS
Bonds
Range Since
Sold
Bid & Asked
Low
WEEK
FOR
Low 1
No.
High
New
York
Stock
Friday
Last
Period
Sale Price
Low
redemption)_C1942
Champion Paper St Fibre deb 38—1965/
Oiieaapeane <st Ohio Ky—
General gold.4%s_
net
&
imyt mtge 3
Ref & impt M
3%s
Potts Creek Br 1st
''
t
2d consol gol<
L
&
ref mtge
mtge
1977
F-A
-1997
J-J
lif-N
A—1988
k
4%s„Jan 1
;
a Certificates of
5s
1071%
86%
90%
S3%
■
68%
.
"it
70
A-O
95%
•!
74 V2
m-n
37%
j-d
.
Union
••
1951
-...1951
j-d
d'
;
1st 5s
*106%
102
62%
-.69%
/.V
v
1960
*
mtge 3%s series F
96%
i
§ADebentures 5s part paid
*•
■.
•
ser G
Chic St St Louis
?
—1977
coll tr gold 4s
Elec Ilium 3s
1990
s
s
116
1972
106% *
107%
.1961
Commonwealth Edison Co—
Conv debs 3%s
mtge 3s series L__.
1977
Conn Ry ft L 1st ft ref 4%s—_ .1951
Conn River Power s f 3%a A
.1961
/Consolidated Edison of New York3Vis
debentures-
3% 8
debentures
debentures^———
.1958
a-0
4s
A Debenture
Consumers
'
A Deposit
A7%s
A 6s
Curtis
A
ser
;
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1955
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1965
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ref 3s series H
1966
1970
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A Second gold 4s
.1995
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.1961
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1955
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86
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85
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91
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-1955
James Frankl ft Clear lst 4s
ft
—1959
—1961
Laugblin Steel 3y*s
ny*
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98
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92
92
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1
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105 372
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100
>
101%
103%
105
106
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98
103%
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107%
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of
110y4
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117
51
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82%
•
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;
deposit
—
;
unguaranteed
-
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19.75
A-0
1974
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1987
1
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107%
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1950
1997
1997
81
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82%
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107
103%
104%
104%
122
105%
122
122
65%
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108%
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1997
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1964
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Lake Sh St Mich Sou gold 3%s
3%s registered
."
J-J
;
1961
1961
122
J-J
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:
1961
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tAKreuger ft Toll 5s ctfs.:
103% 104%
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J-J
i'
1961
107
107
104%
83%
82%
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—
Kentucky Central gold 4sJ
Kentucky ft Ind Term 4y2s
Stamped
—-
A-O
•
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Kansas City Southern Ry lst 3s
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Kansas City Terminal Ry 2%s
4%s
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13
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119
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1937
see
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footnotes
: 3
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1962
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1951
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1951
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143
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1968
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.
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7
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1978
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1955
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,
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•
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1951
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1963
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1951
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34
48
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1951
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•
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8
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1952
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J-J
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mtge 2"%s—1975
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1955
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1942
*
1990
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:
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A
N
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107
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116
1954
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1937
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Columbus ft Tol 1st extl 4s
.1058
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gold 5s_
1949
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.1957
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«\
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—
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5s.
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108
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1981
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1948
1973
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f 4%s series C__
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97
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,
H
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"
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92 %
1970
Cleveland ft Pittsburgh RR—^
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:
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J
1991
-
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90
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.
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ser
ser
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1993
Cin Wab ft M Div 1st 4s
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.
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1973
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,
1974 :
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ills
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1952
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1969
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i
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1975
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,
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J07
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'
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ctfs A...
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B
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84
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x
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1957
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no
1962
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.
/ Gen
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1952
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m-s
1969
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-
107;
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102
105%:
1963
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ft.-l>-' 1
inc
—
105% 105%
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I
m-n
Berg Co cons 5s
1949
Realty & Utilities Cprp—
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107 Vi
-
103%
21
—
131
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81
100
,
100
105% 105%:
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m-s
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mtge 2%s_1965
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1947
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38%
105%
I—.'
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--
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—
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.
72%
28
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Dec 11960
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1974
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1934
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;
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64
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ft Elec of
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.;..'
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.
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V
131
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1961
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r
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%
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partial redemption
1927
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103
102
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127
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1990
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105
101%
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157
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Erie Railroad
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1994
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4%s conv inc ser B.
___Jan l 2044/
conv
•:
J-J
Chic Milw St Paul & Pac RR—
1st mtge 4s ser A
82%
M-N
1st ft gen 5s series A
1966
ii
A 1st & gen 6s series B_i._.May 1966
Chicago Ind & Sou 50-year 4a
_1958
mtge
il%
61%
m-n
1990
Empire Gas St Fuel 3%s
105% 106
■
101% 102 Va
83
1985
.1982
_Jan 1 2038
4%s_
5s stamped
Ohio
A
2nd
107%.;"..
;
*.
102 y«
1956
1950
1970
135%
"
inc. (conv)_
inc mtge
105 j/2
tCntcago Ind ft Louisville Ry-—■
ARefundmg 6s ser A
1947
'•
A
Refunding gold 5s series B—1947
A
Refunding 4s series C_„^...1947
'
104%
135
Dlv 1st 58lst c°ns
gold 5s
4uto-Lite 2'/is debs
Jcliet & East
Ry 3%g—
El Paso & s W
lst 5s
'
■-
135 >/4 135'%
.118% 118%
118% 118%
118%
F-A
1970
111 RR—
'1st mtge 3%s ser B
Chicago ft Erie 1st gold 5s
Chicago Gt West 1st 4s series
A Gen
F-A
1985
27/as
Chicago St Eastern
A Gen
Elg
58 y*
1
1st & ref 4%iS series B
let & ref mtge 3i/8Sj_—i—
1st
105%
107%
*125Va
General 4s_
'
file
105
105 '/ 105'/2
AChlcago & Alto
"•
558LT,re,?n Va & Qa
148 %
*100%
P
Chicago Burlington & Quincy RR—
:
105'%
144
105 %
•V/ tt 61 A Div 1st
5
103%
% 148 V*
105 %
January 1
4 E
49%
48%
Range Since
Sold
No.
High
Banking Co—
\partial
stamp
Bonds
Bid & Asked
High.
'
os
Week's Range
or Friday's
Interest
Exchange
January 1
'
*
_
107
5%
106
-
4%
.
107
5%
..'.119
106%
106%
3
49%
54
24
1041/4
106
'.
•
..
J-D
J-D
115% 115'%
lin
1151%
"112 J/2 113
108
113
commercial
the
13j8q
& financial chronicle
YORK BOND RECORD
NEW
;
MARCH 1
WEEK ENDING
FOR
RANGE
:
Interest '
Exchange
Stock
income
mtge
Co.—v
&
stamped
5s
ref sink fund
&
1st
5s__
■
4s
deb
deb
-
3'/as
;
deb 4s—1955
ANon-conv deb 4s,
————1956
ADebeniure certificates 3%s
1958
X.' AConv deb 6s—
1948
{ACollateral trust 68———1940
"
.97% <97%
97%
F-A;
101%
99%
93%
97%
'
F-A
;
*93%
•
94
—
93%
%'
93
F-A
82%
84
1950
J-J
88%
90
80
;
94
-
93:
:!v
■
88%
•
ADebeniure
!
;
98
.
:
'%,t
'
1st
52%
M-N
2003
2003
2003
—2f>03
2003
modified
4'As registered
5s stamped modified
56%
1965
1951
Liggett & Myers Tobacco 5a
Little Miami gen 4s series A
1962
Long Island unified 4»
i——-1949
Guaranteed rtf gola 4s
—-1949
4s
stamped———
———-1949
'
50
M-~N
.
debentures
I
72%
77; 9
65%
78
75
211
72%
83 .'{■
.79
92
M-N
3-D
••47%-
50
•^76/7'
75
111 -7
;
12'/a
r
Power &
N
69
N Y Queens El Lt & Pow
62%
N Y
62%
66%
60
73%
:
St^am
1965
1963
3%s
1st 3%s_.
Corp
tSAN Y SUSq & W 1st ref 5s—1937
jA2d gold 4%s
1937
|.A General gold 5s
1940
ATerminal 1st gold 5s
1943
HAN. Y West & Bost lst 4%S—19*6
Niagara Falls Power 3%s_
—--I960
84
A-0
86
136 %
133% 133%
118% 118%
A-0:
133%
ii8% 120
7;
>ii8.
Noffolk Southern Ry co—
-
M-S
107 7
107%
•
M-S
107%l07%';
106V8
107% 7
m-s
107 % 107%
106%
107%'
.;
87%
34%
50
.153
.71%
81
109%
111
111
13
■
P-A
5s series A—-1969
3%s———1968
>
■ j
1st & ref M 3%s series P
2003
1st & ref M 2%s ser G——
2003
St Louis Div 2u gold 3s
—
1980
Atl Knox A Cine Div 4s__
1955
Nashville RR—
; nsy*
118%
v
104 Vz 105 1
J-J
M
'112
A-O
103
M-S
-
105
.
106
"
105%
-
102%
105
4
105%
107 Va
45
: .,105%
108%
161
41
3 v
46%
30%
29
—
r*130%
.
.
42
"91% .;.
7
'
.
v
.105%
98
1st
RR 4%s
Central
Maine
1st
coll 4s
&
mtge
1960
A
Ber
90%
1 1957
1959
Metropolitan Edison 1st mtge 2%s.l974
MLetrop Wat Sew Si Drain 5%s„.—1950
fSAMetr West Side El (Chic) 4s_. 1938
Sugar
24
33
VIOV/s
110%
93
105%
105
106%
MiCiiigau
'
Jack
*
103 %
■
-
-
-
107% 108 "
1952
gold 3%s
Ref & impfc 4%s series C
105% 107
.—1979
92
-
112%
110%
1st mtge 3%s_1969
5s
—1940
Michigan Cons Gas
97
-
3-3
.
102%
106%
106%
4^,'-7; •:* 107%;':-";^
X f:, 7
; ;;
.•
M-S
1974
1st mtge. 2%s__
—
1975
Oklahoma Gas & Electric 2%s:
,il975
Oregon RR & Nav con gold 4s
_1946
Ore Short Line lst cons gold 58—1946
Guaranteed stpd cons 5s_
-1946
Oregon-Washingtpn RR 3s ser A—1960
;
1951
3 %s
Champlain Ry—
—1948
guaranteed 4s_
A lst
.
Ohio Edison" lst mtge 3s__
26% 728%.
5
28%
28%
tOgdensburg & Lake
15 ffftl05%- 107.%'.
101% 103 %
y8107%
Central—
Lans & Sag
! 1st
:
85
*65 y8
107
107%
-
1051B 106
—
:':M-8-
,-196e
3Va«—
mtge
02%
*103%
—
110%
'P 107
108
92 >
90%
7
lst
F-A
A-0
7
108%
10515
88
102%
86
102
1954
B_:
ser
4s sink fund- .Feb
A Manila RR (Southern Lines) 4s
M&uati
2%S—-1975
mtge
(Wise)
'863,4
———.-^—19.74 ;f
mtge 2%s—
.1st
88.%
"
Northern States Power Co—
•',
94%.
,p
82
rl—
67
105
122
t
109% 110%
109% 110 >i
-
127%
115%
;,.:7 85%
5
92%;
132
120
45
■
106% 107% "
,
109%
-Jk
138%
132
—
90%
71
140
135%
,7138'/a
*107% 107%
!
103%:
59'%
v
5
120% 120%
•
:.v
108%
100%
38
-124-% 125%
125
49
108
7
-i
7—140; 'Ho:-.,
*137%
-
Af-S
98%
32%
758..
101% 102%
66 %
67%
,
67%
32%
,
97
45»/«49"
*108
42
39%
■■■;<
,
*98% 100
A
1974
Jf-S
lien 4s„1997 ' v
Q-J
registered—
——1997
Q-J /
Gen lien ry & Id gold 3s——Jan 2047
Q-F
; % 3s registered———.i*—.,2047
Q-A
I ' Ref & inut 4%s series A,^—2047
J-J
Ref At impt 5s series C—2047
*J-J
/ Ref & impt 5s series D—, J-J
VCdll trust 4%s———v—-1975 7 ' "M-S
>•:
70
40
30%
•
75 fx
;-'V;;.:68
68
7
7
'4s
118% 119'
"
4
,
105'/a 105%
•30%
*•
105
90%
"
106% 106 V*
,V-i
k
100%'104%
8615
25
•:
'68
A-O
7
1974
& ref 5s
gen
15%
106Va
;
Northern Pacific Ry prior
113 %s
103%
Central
11%
.
'
105% 106%
89%
89%
105%
"J-J '
A-0
'
■
102 7'a
79
7
.Gen. & .ret 4 %s series
•
7
'
107;7/a-
110%
•117-% '
If-N
•
112 Vz
A-0
fe
104
7
*106% 101 Vz
M-S
North
106'A
105
105% 106 y*
A-O
-
118%' 120 7
nsv*
•
1st 'mtge. 4%s series A——.—1998
AGen mtge 5s conv inc— — .2014
Norfolk & Western Ry lst gold 4s. 1998
;
,
26 V3
21%
.101
23'/a
11%
.
"
93
44
10
22
106%
Af-S
f
A-O
7 7 M-N *
* J-J
J-J
F-A
F-A
Af-N
e„ '•
J-J
; M-S
'
.7; 759
v
77%
"
111
23 V8
•
M-N
Louisville Gas & Elec
&
•
68
89%
J-D
52
;
55%
64
.
A-0 '
1951
1963
Lorlllard (P) Co deb 5s
Louisville
75
67%
77%
Af-N
54%
60 Va
*53%
N. Y
50
50
56
M-N
65
—
1st
78
17
:
46
M-S
Light lst mtge 2%s_1975
Y & Putnam 1st cons gtd 4s
1993
51%
.
•
5s_195i
Lehigh Valley Terminal Ry ext
Lex & Eastern 1st 50-yr 5s gtd
Ark
67%
77%
I05o
West
4s—
>
3s
27
J;-?,'
1954
.^General
75%
73%
71
A-O
f
75
62.
65
73%
68
J-J'
.
77%
65%
■
stamped
Louisiana- &
74 v;
67%
72%
ref"4sl—June" 1992
4s
Ont~&
tAN Y
9414
73%
{AHarlenO River & Port Chester—
87,: •;
.
>67%
Af-N
7I
High
Low
>68
J-J
1957
4s__
January 1
70%
J-J
4%s series of 1927—1967
A 1st & ref
Sold ,'T
No.
High
%.7Low
■
Af-S
M-S
A-O
——1947
1947
—1954
3'/2s
ANon-conv
106
100%
101%
1954
.
4 Vzs
deb
'
ext
Valley N Y 4%e
Leuign Valiey RR—
4s stamped
modified
4s registered,—.
Lenigh
ANon-couv
"/ANon-conv
; F-A: ■
::
Range Since
Bonds
Bid & Asked
"
Hartford RR—
fN Y New Haven Si
ANon-conv
104%
gtd 5s
Val Harbor Term
High
Last
Sale Price
■/""
ff Low
No.
:~A-°
—1974
stamped
5s
Leh
1954
-1964
1964
—1974
stamped
ref s'nk fund 5s
; 5s
-
1970
•■7;>y;./::' '-V:
1954
mtge
1st
January 1
*■
Coal & Navigation
3%s ser
Lehign Vaiiey-coal Co—
i 1st &
ref sink fund 5s
F
Interest ; :
Exchange
Stock
York
Period
66
66
Deo
1973
reg
Lehigh
S
Sold
High
Low
'
.
Co Ltd—
Lautaru Nitrate
A 1st
7
or
New
Range Since
Bonds
Friday's
Bid & Asked
Last
Sale Price
Period
'
Week's Range
Friday
■
Week's Range
% or Friday's
Friday
,
BOM'
York
New
*
.
—
'.
A-O
.
.
>
A-0
105
106
*
ioi%;io4%:
100% 101
101
101%
v;, ioi f ,101%
100% 100%
2
101.. 101 %
101 .101 %;
105
105%
7,,
7
—
23%
x
*104% 105
3-D
27
108%
101%
14
*105% 105%
F-A
J-J
"J-J
107%
36
r
108
f
24%::
108%:
23%
.;'
5
-
97
107%
.105
,
.
f§ AMidland of N J 1st ext
mtge 4%s inc
/-lst
;7
*7*w
v'
'•
v
;
-
General
A
v'
,
Si
ref 5s series F
&
ref
AConv
5s
gold
G—
series
5%s
gold 5s series H
A lst
&
ref
A 1st
&
;9T
90%
-
•
•
91
93
94
;
101
33
'
13%
93-
.
ref 5s series I
1st gold 8s_
,-1846
Electric Co—
lst
rel mtge 3%s series I——1966
< lst A
rel mtge 3s series J—->.---1970
.1st Si ref M 3s series K_
1971 7
Pacific
x
~.
-98%
104%- 113 %
M-a
95 %
debs
1985 f
f gold 4%s-—-195a
'
Tel 2%s
&
& 111 lst s
< 46%"
437;~"46%
37
95 %
103
95l%7'98
Jif-N
95 Va
102%
>6% V;
A-0
96"%
F-A
ci~
.
A;
U-8
lst gtd
89%
77%
83%
77%
j-r>
106% 106%
gtd 5i——1947
M-N
*,_
T & T 3%s
States
85
79
85
lst
85
;r
-
74%
70%
86"
70
,70%
-
—
101>/3
10
M-N
series
106%
102%' 103
M-N
4%« senes B
93
'
;
ioo:.
-U
M-N
3-D%
5s
M
Fuel Gaa
*101%
J'J
1955
M
Constr
Mutual
106
—1955
1968
A
Constr
Mountain
91
F-A
gold 4s
-1991
Monongahela Ry 3%s series B—1968
Mo-treal Tramways 5s ext_:
1951
Morrell (John) Si Co 3s debs__.
1958
Morns & Essex lst gtd 3%s—i
-2000
& Malone
*
,
77%'
I
?;
4%s
General
"
■
•
Ohatt
Si
bieei
iNa.iOuai
L
B*
National Dairy
*107%
-
Consol
{ANew
England
A
J
108
1st ref & imp 4%s
1952
lst
gtd 4s
I-'
104
103%:
114%
'
126%
General
108
Philadelphia
106%
108
i
107%
111
107%
Phila
108%
111
110
5s
series A
of
83% ;
-V-
—...
a
Certificates
A 1st
a
5s
A 1st
a
of
4%s
series
5%s
a
7
;i 6
77 7.1:7:
96
"7;7 94%
94%;
84
*
0t
97
F-A
1958
7
,
97
.
94%
89%
.
"
•
A-0
1954
-
-
y
ZZ
98
96%
17
98%
96%
95%
•
N
Central RR 4s
Y
Ref
&
Kef
N
of
&
imot
Hud
Shore coll
97 Va
1997
gold 3%s_
1998
3%s
registered
York
3%s
Ref mtge
series
1998
100%
7; 111%
J-J
J-J
r
F-A
^
96%
>95%
.;
F-A
I
W?
101
j
-
98
96%
100;
vy
1975
1980
314s ser E
J-D
7/
106%
104%
G
107%
107
j
Series I
t.
Series
,
A
12
95
100
90
95
77,
" 94
95
t;
43
92%
96
''
91
-
'
'
Y
Connecting RR 278s ser B_„1975
1st
c*
\
Dock
N
Y
Edison
lst
N
N
lien
gold
J
•.
7
89 7
92
»7
5
106%
107
'
104% 104%
•7 > i
104%
lst
^
106% 106%
105%
&
ref
Pitts"
1st
V:.
Harlem
3%s series E
4s
1st
Pitts
Mtge
4s
Lack &
West
*
*105% 106%
J-D
*110% 111
footnotes
105%
110%
V
108% 108 Va
107
series
A
see
page
J
108
118%
J -J
115%
J-J
*118%
iU
'
gen
lst
gen
mtge
106%
117
89 %
t
70
89%
"J:
*107
70
5
.
94
83
v
M
106%
■■■•
__
20
104% 105%
107%
105-% 106%
90% •/'"V- 23
70
90%
.
111%
105%
1'
105% 105%
7.7
135'/b
107%
:7
41
7.
106%
104'/*
105%;
'*138%
3
134
134
106% 106%
107% 107 V»
106 %
108%
'6
104%
107%
16
104 Va
107
10614 106%
.
16
106 % 106%
106%
4
104%
107
3
103'/a
105
105%
105%
104
104
__
-
;
>105% 106%
M-S
721%
20 7
26
22%
21 Vs
*25x;/ v,.7::";
*105
F-A
*116%
21
105%
117%
121%
*106%
J-D
26
104%
105%
F-A
1962
—1974
5s
series C
Co 5%
El
Pwr
x
.
115%'
.118%
t
lst &
1973
M-N
9095% .'
M-N
97%:_L03%
lst
-
.1972
—-—,.2037
ref mtge 3s
ref- mtge 5s
A
tat
A. ref
mtffe
Rs
'J.
—-
2037
<
J-D
103%
137%
1391a
134%
•100%
100%
100%
104 7
105% 105%
7 5
103% 103%
i
105%
106
2
103%
105%
7
98 Va
102
100% 100%
2
98%
102'/*
ibiy2
9
98 Va
102
101
*
F-A
105
127 %
105
99
'
102
•-
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J-D
M-N
V,
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J-D
M-S
109
100 Va 100%
A-O
J-J
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78
103% 103'/a
A-O
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3
5
>
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-
.
7
J-D
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M-N
.
127%
133 y»
v: v
y.;:y
105% 105%
A-O
J-J
"y
5
128"
139 % 139%
139%
A-O
F-A
<
-f-r?':
\
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J-D
-*117%
.
100
2
100
106
Va 106 Va
^
—1988
—
*127
J-J
lst
Public Service El & Gas 3V4s
128-
J-J
mortgage 3%s__—_——
1977
{AProvidence Securities 4s_,\
1957
tAProvidehce Terminal 4s——1956
■
F-A
J-D
—1977
1964
M 3%,s_——-1966
inc deb
1st
*121% 123 %
*115'/8
M-N
—1970 .
1975 7 '
1975
—1965
.
M-N
F-A
4%»1—
5s series B_
4%s series D
—
J
135%
109%
J-J
"
U'J
139%
128%
108
M-N
-1950
mtge 4%v series B—,
^-1950
Ai W Va lst 4%s series A
1958
mtga 4 %s series B_,
1959 ;.
mtge 4%s series C——
1960
Young A Ash lst 4s ser A—194S
Potomac
118%
*115%
1st
,
.st
109
*110
-,4.
'
106
M-N
guaranteed 4s
1960
cons 4%s
——1963
cons guaranteed 4%s__1964
Steel
.iPlttston
iioy»
M-N
F-S
1181.
V
<
1973
4s
series B.
For
106%
A-O
2000
series B
Y
104 Vz
103%
2043
3%s
series A
4 %s
105%
103%
1966
103%
2043
gold
Mtge
N
101%
103% 103%
7104
A-0
Gas El Lt H Si Pow gold 5s
-1948
Purchase money gold 4s-.
—-1949
&
105%
104 7 104%
193%
F-A
Y
Y
A-O
'.951
1965
4s
3%s series D
134
153
M-N
cons
Pittsburgh
t
3%s debentures ,r_l—:
Pitts
1
lst
N
133
J-D
3%s_1964
Consolidation .jCoal—
114'/a
7 13
.
128%
127%
20
132% 134
F-A
1949 f
1953
1957
4s
'V;:-;: Gen mtge 5s series A
Gen mtge 5s series B,
Gen mtge 3%s ser E--1I
Pittsb Coke & Chem lst mtge
91
94 Va
f"A
J-J
102%
7
Louis—
D
98 %
100'/*
,,.
132%
J-J
Louis—
gold
guaranteed gold
4s guaranteed
F
,-lr.
99%
96%
y 7 '95%
99
124%
77.133%
58
137 Va
>
133%
J-J
debs——1964:
E 3%s gtd
-^Series H
84
98 -V .:98
'
Jf-S
7:
deposit
Aeries
102%
167
45
130 V8
„
39
128%
137
•
1962
1963
1937
lst s f 4s—
of
Seriis
■
.7"
620
•
7127
106% 1
J27'
'
3s
Pittsburgh Cine Chi At St
.
98>/a>
204
97%
111% 113%:
*98
.77
98
:>7 vM-
100% 101%
F-A
1998
1998
;
«t
Chicago A
mtge
'V
1997
registered
Mich Cent coll gold 3%s
Ref
.
97 V4
a-o
3%s
New
•
A-O
3%s
River
—
—2013
C_
series
>•
.
F-A':r>
1998
registered
3%s
Lake
5s
—
2013
A
series
impt 4%s series A
Cent &
Y
deposit—
127%
137
F-A
'
■
100
96
94%
•
J-D
3-D
7:
106%
9
t 129% 130Va
F-A
!1974
1977
4%s——1961
ref 2%s
1971
^—1967
1974
Phillips Petroleum 2%s
;.,x
ACertificates
M
7 ACertificates
deposit
A
ref
{jAPhilippine Ry
ya
■m 92% 101-Va
6
'96:777
96
:P-A
•V*
D
series
&
107
:7'V: ■:.7"3*4
206% 107
?' 106 % 106%
4
129%
'
tr
&
iSeries
deposit
of
98
97
«...
1958
of
Certificates
A 1st
deposit
C__
series
Certificates
97%
A-0
1954
B
series
40
i
86
84%
7-:5^>5>*8l%
a-o
,
'
5s
lst
Electric
106%
106% 106%
Apr
-
113
105% 105%
A-O
gold 4s—
•
deposit—,
A 1st
coll
Co
Philip Morris Ltd deb
3s debentures
^1938
Inc
ACertilicates
A-0
M-S
series C
4%s
gold
2%s
lst and ref 2%s
lst
{New Orleans Te? as & Mexico Ry—
SANon-cum
111%
A-O
ext
Phila.Balt & Wash 1st
General 5s series B
118
*107% 108
1953
Eastern 4s
&
107%
108
1983
Peoria
125%
,.
112% ,125%
J-J
5s————1947
—1960
Alnccme 4s—————Apr 1990
Peoria & Pekin Union Ry 5%s
1974
Pere Marquette Ry 3%s ser D
1980
'
105%
105
115 % 117
J-J
P-—————1985
mtge 3 V«s ser
118
110
1974
Orleans Term
108
-97%
*118
Nor 5s A_
Gen
Peoples Gas L At C ref
.
111%
*
125% 126%
1986
P & L lst mtge 3s
O & N E
New
103
*109
Orleans Great
99%
104
103
112% 113.
-1961
gtd 4%s series B
RR gtd 1st 4s__
New
107%
W-
104
1945
1945
Junction
New Jersey
N
—
—
England Tel & Tel 5s A——1952
1st
N
gtd 5s__v
RR
Consol gtd 4s
New
106%
V
[104% 107%
24
105%
1948
Gas cons 5s_—.,
Newark
105 %
105
105%
105%:
105
105% 105%
105%
1954
tANg'igatuck RR lst gold 4s
103
105%
105%
105
-,1978
A
series
4s
Products 2%s debs_.197o
1st mtge 3S—
—1965
111
->■
A-O
1984 >5
3%s———.—.——-—1952
deb
Conv
*
M-N
series E
mtge 4%s
Gen
111%
107%
;
*112%
M-N
—1968
——1981
series B
General 4%s series D
5s
107 Va
15
__
A-0
>
fund 4%s——1960 :■
series A
1965 :|i
Cons sinking
109%
General
Nash
>
debentures--——,—,—1965
f
s
110%
20
112% 117
115%
Af-NT
J-D
■
Pennsylvania RR—
:Ccnsoi gold 43—1948
4s sterl stpd dollar
—May 11948
107%
106%
3s
18
.*105%
M-S
•
Moh'k
110%
107%
M-a
'
■
*106%
J-J
109%
108%
'
107%
107J
M-N
:fe
Panhandle East F L 3s B
—I960
; Paterson & Passaic G A E cons 58-1949
it Pennsylvania-Central Airlines-—''
3%s conv inc debs
,1960
Pennsylvania Co—
Gtd 4s series E trust ctfs
1959
Pennsylvania Glass Sand 3%s—
1960
Pennsylvania Power & Light Co.—
'1st mtge 3s—*
1975
■,
Vw >
'>107%
6
111% 111%': "
110
110
111%
109 y8
r':"4
109% 109%
109% 109%
,
3-D
•
3-D
Faducah
103
109%
100%
__
107Va 107% !
i'i-L
J-D
Pacific -Tel
•;
103
95 %
;
lst &
64%
M-N
-
J-D
J-D
y.
102%
M-8
1975
—1977
-1978
._1949
1980
1981
J-D
1st Si ref M 3s series
100%
108 Va
>108%
3-D
-1974 >7
M——1979 1
ref .mtge '3s ser N—^u-—-1977 '
V:'* 1st As ref M, 3s series
:
95%
54%
'
<fe
"
I
F-A
Gas
*100% 100%
3-D
; Pacific Coast Co
7
96%
90%
164
105% 112
110%
1965
4s
A 1st
A lst
,
*;
;.;:;>:y.y
A
A 1st & ref 5s series
100%
96
:'-•'.'•ir-i?
v1
{Missouri Pacific RR Co—
y
96
97
.90% V
4u-year 4s series B
1962
Prior lien 4%s series D___
1978
A Cum adjust 5s series A—Jan 1987
/;■
95%
&
,
-1962
lien 5s series A
Prior
84
32
1071
1st 4s———1990
Missouri-Kansas-Texas RR—
■v.x,:
106 y#
101%
:*87-■77%-
1991
mtge 4s inc ser A—Jan
A Gen
Mo Kansas & Texas
;
51
A__Jan 1971
ser
)-U'■"
:-X■ 'p!:
St Paul & Sault Ste Marie—
Minn
V-i': 113
45
43
*106
1
-
:
106
32
17
106'/a
•45
-
i n'A
13
108% 108 Va
162% 162 Va
10
>111%
*108
'
.
109%:
1
:
109
111%
108%
110%
160
162 y2
250
250
■
THE .COMMERCIAL &■FINANCIAL CHRONICLE
Number 4469
.Volume 163
YORK BOND RECORD
NEW
RANGE
****
New
*. VA
BON I> 8
Interest
Exchange
Stock
York
: Friday
-
MARCH
Range Since
Sold
Bid & Asked
Low
No.
High
New
York
107 Va
Revere Copper it Brass 3%s_..
T96U
t§ARio Grande West 1st gold 4s_.1939
103
104
-107%
/
A 1st
Rochester
Gen
■
&
cons
for 1945)
coll trust 4s
Gas
Elec
it
A
! Gen
1977
Ark
It
Louis
Transmission—
1965
St
01
imp M 4s
&
108%
*109% 110%
1949
IA Rut-Canadian 4s stpd
tfARutland RR 4%s stamped
\*19
64%
«'
19%
:
'
1941
22%
21%
74
18%
.2019 /
Bt
Jos it
Grand
Bt Lawr
2d
Bt
gold
6s
L Rocky
tSt
Island
& Adir: 1st
Louis
;
A Prior
.1985i.;'
gold 5s
37/8S
of
107%
108%
104%
105%
J-J
3 05 Va
•106%
106% 107%
3%s__1974:
Orl
New
149
104% 105'/a
J-D
gold 5s
'
lien
93%
61%
100
99%
101%
of
61%
195Q
•J-J;
A
.1978
,
_
Af-S
;•
_
51%
104 Va
*100%
*109%
110
110
*104
105%
106%
llO'/a
112%
U
J-J-
65
ACtfs of dep
ACtfs of dep
<,.
v
Seaboard
1st
v.
Line
4s
mtge
V Gen
v
Air
A-O
4s.:
: io5%
122
Oil". 2%s
'
$ 100%
F-A
..1965
>
•
Southern
:
1st
Southern
,
4
"
1st
Ry
Mem
Div
Rt
Louis
1st
1*t
Southwestern
OIL of
Standard
107%
Af-S
105%
75%
Calif
104%
*114% '
'
103%
106%
■/
*115%
2%s
mtge
&
Coke
1.1975
E
ser
105% 105%
103 %
104
110% 111%
110%
111V2
*111%: 111%
lot
106%
113
gold 5s__1949
*103%
>..2003
i 1958
^
'ii
"
ser
A-O
6
/
*Ir.
V-
f'
,
22
A-O
106%
106 % 107
*:
90
1950
A-O
31V
104
1st, go:a
3%s
1974
Oil N J d»b 3s
*107%
...1950
.1967
-
8
'' 103 Va
**;.'
*
y
101% "103%
107
123%
y
102 Va
115%
126%
*>
sr
"*
yA
v
135%
108 %
107%;
.
-'''"i
v
L
a
103
105%
106% 106%
U-N;
flwlft St Co 2%s debs
1961
M-N
L 86'
103% 104 VH
J-D
1"
:*105%* t
105
105 *
,s.. -
67%
Co
&
Af-N
'
:
2
104% 105 y4
104%
109
104 % 105 %
104
108
I*.
104%
;
106
t-
;
.
V.
yi-N
194X
of
'
>
,;4-)-/.
!
*
90%
106%
109 Ve 110
106% 107-
"
A-O
105
;
*U8
J-J
»
..
,
117%
Deferred
49%
48
?{i:
108
c'i
36 Va
A-O
107
J-J
.1971
sale not included
delivery
89
87%
,84%
?;V 37 %
Af-N
1936
Certificates Df
Public Service 3%s
117%
83%
-deposit.!.^..!!.
1st 4s
108
105%
'■!
87
85
103%
103%
106%
104%
%
■
~i:
•:
J-J
,
91
y
105
•
94 Va
87' A
*103% 104% '
'Af-'S
*-
90
.
91%
88%
87%
.
105%
102%
*103 Vb 103%
:
3s__.jr_1950,
1st. 4s...—I.. 198^ j,
S B
104%, 108%
% 105% 106%
m
1st mortgage
109
>
109%
y
d Ex-interest,
e Odd-lot sale not
Included in the year's range, r Cash sale
the year's
In
range,
*
y
105Va
receivership,
tCompanies reported as being in bankruptcy,
the Bankruptcy Act, or
107%
105%
104%
1950
Central 1st 4s
116%
v
...
pound unit, of bonds.
;
;
106%
.
r.
106
^Negotiability impaired by maturity.
tThe price represented is the dollar quotation per 200-;
Accrued interest payable at the exchange rate of $4.8484,
107 i:
J-D
110 "
1■
; 106 -107 Va
Included in the year's range, - n Under-the-rule sale not
not included in the year's range,
y Ex-coupon.
*"-v'
107 Va
106%
deposit..*.........
Wisconsin Elec Power 3%s
.,..1968
128
116%
1063'b
':;;
104
"May
A—2014
Af-S
Wisconsin
103
110%
J-D
JASu A Du div A term
63%
1950
ser
•.•
ACertiflcates
145
105%
1959
inc
Wcstlnghouse El A Mfg 2%s...r,.195],,'
West Shore 1st 4s guaranteed
.,.2361:
; Registered
.,.23«IL'V
106%
2
.—.1961
4%s
Telegraph Cc—
&, real estate 4VaS
tAWisconsin
106 %
"5
Oil Corp 3% debs
Superior Oil 3%s aebs
A-O
1952
1st'4s
30-year,
Wllson
106%
107%
A
16
108%
Wheeling A Lake Erie RR 4s_l.»^T194®,
; Gen & ref M 2%s series A___~_1992;
105%
*
107
v
68 Vs
"
'
105 y4:
60% ;
66'A
107
J-J
series I_—1966
:'; 25-year .gold
107s/#
122%
...
•
FT A/
.
A..1970
Union
Funding
:io6%
117%
1
108% 108%
Apr
1960
Sunray
Facific
Western
iii%
104%
A
4
135% 135%
106% 107
M-N
4%s
debs
Marylahd
Western
3;
105
103%
19'
122% 123%
*
"110%
.;
%
110%
Western
78
136%
-
10
119% 121
J-J
P 64
108 Va
ser
Ltg os &tpd gtd
3%8
;
mtge
West Penn Power 3%s
"
143% 143% %
j-j
:i''
107%
.
103%
104
A-O
107:
27
••
iV\
>•:./'
67
f
67
110 %
-
102%
18 ' -*
'•
«.»•
143%
t996
^
108
*103%
if
F-A
Wheeling Steel 3% series C—^._:.197(r
104
1985
107"
Af-S
IO6V2
106 VB
J-J-
A-O
'
A-O
b___^1955
ref gtd
106% 108%
io4^
—
J-J
1951
1st
Winston-Salem
-
debs
3y4s^
106 %
2711 1102
1950
4s
RR
102 J/a
us
.104
/
135
104'/a
1994
2%s debs
Petroleum
100%
101 %•* -
101
97 Va
72
•
A-O
*
106'A
*106
log'/«
31
89 :
IOIVb 102%
,
'
,.1955
•_
104%
*117
105% 107%
*106%
J-J
4s
93
.35
f
J-D
Gen
^-v
v
1st mtge
101
97
22
104 5/o 105%
'
10 *■
■
96%
95 Va
F-A
.1971
B_,
ser
Baking Co 5%s
Westcnesier
v
c
103% 104 %
■J-J-S
1961
3JAs
mtge
A
100
100
*
J-D
25 %
;|6^*W5%io7%;
104 "" 105%
,
Apr
Apr.:
J
*104
102
106% 107%
.
*
'
107%
5s
2%s
/ 103%
F-A
73%
lOff1''
103% V 103
••
Public Service
internal
.bpobiuue
Stand
F-A
103%
—
sold
.
30
40
**
^
ni%m%
J-J
...1986
gold
Div
110
Q-Af
105% j
M-N
gold 5s
Southwestern Bell Tel
104%
107 Va
.104% -105%
Washington Terminal 2%s
90%
19%
*129V2
A-O
Co—
6%s
gen
105%
103%
gold 3%s._2000
Washington Central Ry 1st 4s_.
1948. : *
"
&
102%
'"9
•
.
•
103% 104.8
.1957
1991
Warren
104
M-S
Devel it gen 4s series A
.Devel it gen 8s
Devel
10
*n04%107%8*
if-S
(subordinated) .^wlL...i^r^;i.,1970,
104%
1950
A-
cons
* 1073.b 107%
1958
series A
B
mtge 4s inc ser A
Warren
•110*:-
102%
105%
J-J
^.^..^......1986
C—.*,* ,x|<>9(*
*V 3%s- series
;.A:it-Q.(**
.:.
1981
Ward
105
A:
Af-N
1ft 4s
RR
25%:
J 104% 104%;
J-J.
.1968
ser
81%
81%
r
108
.2969
Pacific
69%
70
106'A
1981
series
ref
Coal
Walworth Co
-
—
mtge 2%s
3%s
'
'75%
1985
Fran Term
;
1*
w
80
.*105
1977
--
Gold 4 %s
San
g 4s
series
Jan
1st
103% 103%"
J-J *
F-A
■
;.194t
—
Gold 4%s
&
Iron
AGen
106% 106%
,
J-J
1961
,
if;':
_L
104
99% 101%
85"
24
.
M-N
1964
(Oregon Lines) A
* Gold 4%s
?
101
83
...
debs
Co-
A,
II.. .1959
AGen mtge inc 4%s ser B__Jan
.80%
8
1979
Pacuic
69
14 Y. r
....
2%s; debs
1st 4%s
A-O
1990.
: .1955
w
*103 .%
104
58
*
105% 105v4 •*
yWab»sti;RR''iCb-^::::¥?^
*60%
110
«*. 2%s debentures
•
55
;
debentures
Boutnern
1st
,61
;vi
*3.,* ;
Socony-Vacuura.Oll 3s debs
-.1964
8outh & Nor Ala RR gtd 5s
-.—1963
Southern Bell Tel & Tel Co— *,
3s
55
5
Co—
2%s sinking fund debentures
tlA8llesJan-A*n,Corp coll tr 7s
Oil
:
104%
'*
*
;
f
8kelly
cons
f 4a
s
Virginian Ry 3s
118 * 129%
*51,' *61%
;
All Fla 6s A ctfs.. !
1938
(Joseph E) & Sons 3%S-1965
Union
Shell
122
2
tASeahoard
Seagram
y,:'
Va & Southwest 1st gtd 5s
1st cons 58
*'' V '
105%
105
A wi
ser
*
63%
8132% 132%
-1933 ?
wi
A
ser
mtge 4%s
Cons
Va
j*106Vb
,-*.132'/a
U-N
L—1941
deposit
RR
*105%:
J-J
106%
103%
'8*?. 2
Virginia Electric & Power Co—
102
* 54%
72
(Chemical Sank)
of
;
>
•
J-D
:
104
> 103% 103%
■
F-A
(Guaranty Trust).
ACertiflcates
.
Bank)
A
\ t8AAtL& Birro 1st gtd
?'
1
'' '
'-"T
'
•—••..>*34%- •*;
8 i.
(Chemical
series
f
99
;*■
J-D
*
.1947
**'
112
,
t
;
H2
r
•>
•
i
Vandalia RR
97
A-O
6s
,
'
119
93
ACertiflcate of deposit
;
lARelunding
;
.195®
A Ctfs of dep (N Y Trust)..
cons
'
112'
-•**A-
'•»
52%.
86* *91*
,
.1967
Universal Pictures 3%8 debs
77%.
523A;-
v
*115
2
A-O
Alst
-46'
:-5*
V
',**
':
'
'tf.
1
-? - •'< *
*feY.:* *. • .7- * ;.f, •
V viA-a;**,
;* J-J
*
,*J .1945
1
■'
€ a-o
.1970
RR—
100 Va
Af-S
"*
.1975
grant 4« -
61 %
104'/a
100%
<*103
103
F-A
"3%sJ_l. .1971-
2%s_.
Ref mtge 3s series B
United Biscuit 3.Va& decs
78%y
-7
U-N
.1950
dep
68
J-J
J-J
Ry—
gold stamped
ACtfs of
Pacific
11st A land
45%
.
HASt P & K C Sh L gtd 4%s.._.l941
fit Paul Union Depot 3%s B
i
1971
Bcloto V & N E.lst gtd 4s_.
....1989
i..,
«Uniou
"
73
64%
.
deposit^
A 2d 4s lnc bond ctfs
....Nov 1989
JAlst term it unifying 5s
.1952
A Gen it ref
gold 5s series A
1990
Bt Paul it Duluth 1st cons gold 4s_1968
Line
of Mo
tr
2%s debentures
;;^y
' '73%'
60
J-J
r-
;;
I,
97%
101% 101%
coll
&
'
^Certificates of deposit atpd
A-Is
—
*98
M
93%
88 Vb
58%
J-D
.I960
•flAUnlon Elev Ry (Chic) 5s
f Union Oil of Calif 3s debs
'
A-0
5s series B
Air
*91...
1st
»A'.
98
J-J.
tSt Louis-Southwestern Ry—
*. 1;
1st 4s
bond certificates.i_„._Li98l
ISeaboard
102
95
.1958
A-
; ACons M 4%s series
;
102 »A
102% 102'A
;
105%
92
J-D
1949
"3% debs
*104%
A-O
-
^UhloiL'Electric 'Cd
105%
152%
106
J-J
.i960
"
,
..,..1950
Of" deposit.:
J,
ACerUficates
-
J-J
103%
;
108
142 Va
103%
104%
.147
104%
-
1st xef 4s
Tri-Continental porp
134%
107% 107%
105
139
•
106%
J-D
.1985
Pacific-Missouri—
RR
129%
V
105%
AJ-N
_2UOO
E
ser
105
104
.
A-O
:
^__1968
1st
M
Ry
A-O
j.
Aboa
Trenton Gas A Elec 1st
24
;
■
.1990
ser
Certificates
103% 104
J".t
-1998
& P 5s stpd.
Francisco Ry
A Prior lien 4s
A-O
_1947
4s
gold 5s
—
Mt
San
t
A
1st
1968
High
*136
a.
M 4%a
January 1
Low
;
Baguenay PwrLtd 1st
Range Since
Sold
No.
High,
*104% 105%
J-J
.
,
20%
21%
67%-
65%
Bonds
Friday's
-
C
ser
a Ad) income 5s
Jan 1960
Tol & Ohio Cent ref A impt 3%s_.1960
Toronto Ham & Buff 1st gold 4s_.1946
109 %
'
ref
Pac Tenn
108%
1934
or
Bid it Asked
Af-N
Louis—
ja
Pacific
&
Third- Ave
108%
1969
4%s__
Sale Price
•
line 3s
debentures.
Gen
,
'*108
1987
:
j
1st
87%
*125%
.1967
:
mtge 3 Vis series J
«AR I
3s
Texas
115
Texas
mtge 3%s series H
mtge 3%s series I
&
Assn
coiupaujr
-
mtge 4%s series D
Gen
.
78%
1949
Corp—
Gen
&
Texas,
108
(4.7*
RR
Ref & imp 27As series D
Saratoga RR Co—
mtge
Gas
mtge pipe
Ref
A*Q
due_1975
Gen
Last
Period
105'A
1st
v
Week's Range
Interest
Low
Tennessee
Rensselaer it
V
-
Terminal
>1951
Friday
v
Exchange
High
■■
104%
4a
Stock
January 1
Oa
Reading Co Jersey Cent coll
1
■"A:;BONDS
Bonds
Friday's
or
Sale Price
'•* Low
Quaker
ENDING
Week's Range
Last
s
<
Period
WEEK
FOR
reorganized under Section 77 of
■
-r
'
.y
or
securities"assumed by such companies.
)
,
sales being transacted during current week.
A Bonds
104%.: 106
..
f
•Friday's bid and asked prices; no
*
selling flat.
„
>
,
'
,
SliliiilsNEW:: YORKCURB::: EXCHANGE 118*111*1
WEEKLY
,
NOTICE—Cash
in
;
a
footnote
deferred
and
in
the
week
in
delivery sales
disregarded In
are
which they occur.
No account is
In the following extensive list we furnish a
Feb. 25 and ending the present Friday (March
*
AND
YEARLY
RECORD
the week's range unless they are the only transactions
taken of such sales In computing the
range for the
complete record
of
4
•>
-
'
1
weekly range*Sare shown
*-
•
*■
*v
■
transactions on the New York Curb Exchange for the week beginning on Monday
Feb. 23 being an extra holiday on the Exchange).
It is compiled from the daily
RANGE
FOR
WEEK
ENDING
MARCH
dealings have occurred during the
bond, in which any
,V
/
or
.
„
"
and when selling outside the regular
1
the
1, 1946.)
(Saturday,
reports of the Curb Exchange itself, and is intended, to include every
security, whether stock
current year.
,
• \
-
the week,
of
year.
,,
,
'v
*
1
1
,
'
•
stocks
*
V*
New
York Curb
,
ACF-Brill
,
,
A
7
Class
Air
Investors
Convertible
llreon
.
60c
8
1
9
common
preferred
Air-Way
Electric
Appliance...,
'"5%
1,400
*'••16%
900
5%
•
11%
Feb
30 Va
Jan
13%
Jan
Aluminum
Goods
22%
Jan
Aluminum
Industries
7%
Feb
Aluminium
Jan
Jan
'
•19
j,
Fisher common
4,500
:
15%'
$3 conv
Products ;(Mich)
7%
*,lan
Jan
23%
5%
Feb
Co commnri
118
5%
American
40,
59%
Feb
17 %
Jan
*nr>tnote<'
"
n
nprpp
HRr«.
23
110
..
t250
llOVa
.
Jan
..
.150
"
118
22%
Jan
American
7%
Feb
110
/
..
128 Va
Jan
..
.
.
.
13%
.
;
40
60
220
.100
,
''
.10
50
.'•*900.
Central
Jan
Convertible
133%
Jan
Class
116Va
Jan
119%
109%
Jan
class
&
.""• 40
48
14
Jan
Feb
'
*
Feb
Feb
Jan
.".25%
Feb
21
c
Jan
26
Jan
116%
Jan
146%
Feb
111-
.
Jan
.110-
Feb
4%
Jan
58%
Feb
65
Jan
16%
Feb
22'A
Jan
Jan
Jan
*■'
14%
48
Jan*
-—25
American
10
Foreign Power warrants-
Cyanamld Co
&
Jan,
American
Fork
American
Gas
Jan
* 50
97/R
'h6lV Feb'
14
52%
25
A
c
&
A
4%#:, preferred
;
...
Hoe
common
common.——•
...—--10
Electric
I—.—100
X50%
3%
49
.
50%
Jan
54%
Jan
47%
Jan
51%
Jan
;r-
110
•
.,
..ight—
A
American
1,300
60
16 Va .19
—1
Mfg
Power
5%
4%
58%
Feb
Jan
-1
......—100
Co..
Cities
9%
•"
107
]2%
121
24
2,050
:
76%
Jan
100
.
High
Low
63 Vb
115 Vb
8.000
350
.
144%
138
common
Book
American
Feb
*
Fov
25
''V;*: 22%
common..
Beverage common
17%
.132%
13%
r.
A
25
Mfg
preferred.
13%
1.300
108% 109
...•
Ltd
A
64 %
*
70
117% 118
69 V4
118 '
Range Since January 1
:•;*
■
Feb
Feb
6V0
%
common
preferred
1,000
8%
130
pfd_._-*
la
,\u0%
19.100
20
.
•
J
Aluminum Co
/
American
•
Int'l Investing
15
Shares
v
5%
50
pref-'red.
Altorfer. Bros
14,300
for Week
of Prices
Himh
Jan-.;
Jan'
8:21% Mar
7%
17%
8ouf.hern
Great
V'hed
Pebi;
Sales
r
Range
Price*
Sale
High
*
10
Power Co. $7 preferred
Allied
400
-
20%
.
13%
preferred
Alabama
Alles Ac
—-3%
18%
16%
19%
—
27%
1,500
21%
6%
...
.
900
.1 >
20
6%
21%
—50c
Alabama
$6
6%
Sli' Low
K'l'jg
.
m
Mfg Corp:
convertible
*
•*:'
Exchange
Range Since January 1
-
9 Va
* 28
28
7%
*.
V
Curb
Week's
V Friday
** Last
STOCKS—
York
New
Shares
High
9
21%
1
(N J)
Low
..
6%
1
Inc
Vf
•
28
5
—
B
Associates
*.
10
cuminuu—
Ainswojth Mfg common;
..Air
for Week
i
i
Supply Mfg class A
Aero
Sales
Range
of Prices
Far
Motors warrants
V ire cu
D F CO
Acme
Friday
Exchange
.
:
Week's
Last
Sale Price
;
54 >
50%
.''450
9,800
;
10
47%
.
Jan
1%
Jan
:
Jan
55%
7% Jan
;.
4,800
21,000
Jan
5%
Jan
Jan
22
21%
23%
1,250
21 Va
Feb
26 Va
41VB
40% : 42'A
9,500
x40%
Feb
45%
100
110%
Jan
112 Va
111% 112%
-
Feb
"
V : 500
7%, 10
848%. 52' 3%.
3%
900,
5%
113
Jan
Jan
THE COMMERCIAL & FINANCIAL
NEW YORK CURB
FOR
RANGE
-
New
stocks—
■
York
Curb
Week's
Exchange
convertible
Low
lOo
preferred
1
49 ./&>::X48%
>
53%
-.v;
A'
$2.50 convertible preferred
American Hard Rubber Co
American Laundry Mach
25
20
41
American Light ft Trac
6%
preferred
25
26'A
American
Mfg
American
Maracaibo
Co
1
common
Potash
American
common
Chemical
$6
York
7%
Jan
Central Pow
Jan
Central
-.32%
Jan.
fiCent States Elec 6%
24
'-Jan"
;
Jan
4%
Feb
.5%
41
Jan
•46%
«52
i:;» 425
Feb
56
West
Utilities
15%
Jan
20%
Feb
8%
Jan
11
Feb
2%
Jan
119%
Jan
—
,
f 2,100
50'A
55
7
12%
2,700
6%
9
Jan
10%
13%
1,900
9%
Jan
13%
14%
900
13%
Feb
18
Jan
;<
,
43
Jan,
*
f'-.-r
7/v
5%
•;>
..
5%
7%
Feb
Feb
Chief
Feb
Cities Service
$6
_•
•
6
10
<
>10%
12
Jan
7
5%
7'7
23
10 Va
Feb
2,000
5%
Feb
17,400
.
5%
10%
Jan
112%
7
7
:
Jan
/ 23 %
700
22
11%
3,200
11
Feb
11
9%
—
12%
..1
2%
10%
9%
12%
...1
,———1
Automatic
13%;
81
50
81
22
40
%
44
3%
156
26%
29%
10
Jan
Jan
11
Feb
Colon
Feb
153
Club
77 9
25%
24%
777,'14%
.3%
11%
Ayrshire Collieries Corp
v
Jan
11%
24
Jan
27%
Feb
14 % Mar
18%
Jan
8%
17
Jan
10 y2
Jan
Feb*
22 ya
Jan
8%
9%
17%
Jan
Jan
—
25 Va
Feb
27 y2
*200
35%
Co—
■9
Ce
34
26%
Jan
37%
9V*
•
common
Iron
&
Fire
wrnte
V t
•
Feb
c
Conn
Consolidated
Biscuit
4%
1%
——•
Baldwin
Rubber
Banco de
los
American
Barium
Co
$1.20
4,400
A
common
Inc
—jB
common
.
v
;
—1
1,900
> 3,400
/
28 v: 29
40%
——•
V
5%
20%
>21% Jan
13
28
r*
/*
23%
57/a.
-5%
f
40 %
Jan
6,
Jan
19%
Jan
721%
13
Feb
"
450
20% >
14
""2,100
56
5%.
55 ? 56
,
32.VU
45
"
fe
175
30
""450
Feb
.
.
.
21%
21%
23%
25
—
25
Jan
Crown
Feb
Crown
Cork; International* A;
,—,•■
6%
Jan
Crown
Drug Co
Feb
756%
Jan
Jan
A 39%
Jan7
Feb
Jan
Jan
;
*
3,300
23%
*
57%
7
7
Jan
"%
(Md).'.
convertible
217/»
preferred
Jan
20
*
~
Cuban
Jan
Curtis
Lighting Inc
26
Jan
Curtis Mfg Co
27 Va
31%
77 5%.
-
m
6%
76%
Feb
117
Jan
21
34
Feb
25
Jan
Jan
A
12
10%
54
1
Brown Rubber Co* common.
Bruce (EL) Co common
12
4,300
31
■"wJ
31
700
52%
56%
"9
9J/2
10 Va
7;
14
12VaO
25c
Jan
12
Jan
33
Feb
*
Jan
68%
Jan
Feb
8%
Jan
12 V*
Jan
100
41 Va
Jan
45
Jan
.
18
14%
2,600
2iy2
3y8
69,500
K9W
8%
10%
13,600
7-r >7 >••7
8
v
3,800
2%
3
*
Jan 77
3,200
19%
—
common
4%
*3,200
/
43
7
2.50
Burma
8
19'A
Feb
Jan
15%
Jan/A;
23
2% Feb
Jan
'7/477
8%
Feb
12%
8
100
.7oV*v V"''«.*>
Voting trust certificates
Feb
8%
Cement Co
6%%
Co,
Feb
Jan-
Feb
preferred
Industrial
Canadian
A
Class B
-
—
City
Carman
&
A
convertible...
P &
400
12%
11%
4,000
7:
777
"*
15%
6%
'
14
4
:V
3%
33
Castle
(AM)
24 Va
4% 7
j-
9y2 Feb
Feb
Feb ;
Jan
Jan
6%
,
43/-;
10% Feb
1 J.
25 % Mar1
'2,600
Jan :
Jan
13
Jan
33%
7
Jan
5 >/8
Feb
20%
Jan
Jan
Jan
•
14>A Feb
2,900
8%
,
:
8:
30%
'• 7%
18
4Vn
.
'
-V aOOO-." -
31
30
20%
Feb
'32% Jan
5%' Jan
Jan
•*
>58
Feb
38%
Jan
v..
50o
common
Feb
Jan
13% Feb
20
Feb
Mich
Detroit
1%
Stove
1
1
40
4
^404
10
Jaw :V.
24%
Feb
8%
7.77'%:
Jan
'712% Feb
77
W
37
Divco
'
38
41%
69
——
70%
;.
common—
Domestic Industries class A com—
1
Dominion Bridge Co Ltd—..——*
Dominion Steel ft Coal B
20
Dominion
Tar
Chem
Ltd
Corp
Co
6%/7 7%7
7 500
.
.
22,500 7
7; v-
713 % '7 ; 12% '713^7
Feb
Jan
15% Feb
V
s.; ;.*t:
:*,
83%
Jan
84%
Feb
84%
•
10
Dunlop Rubber Co Ltd—
Jan
41 Va
.
12%. Feb
——
•
,
8%
7J>»7>40 7 Jan
•
—
87
5% .Jan
2 4Q0
Feb
45
29% Jan
77; 65
Feb'
*
Textile Co Ltd
&
«
400,
'
"
Co
.24% Feb
22%, Feb
...
Corporation
Dobeckmun
Feb 7
Feb
; 19% Jan
*
rets ord reg
dep
37%
41%
32% Mar;
;
Jan
.
Feb
791%
Jan
58%
—103
103
Feb
98 Va
Jan
10
25
Jan
10%
Jan
7 Feb
6% Jan
19 !A
Jan
65
Feb
103 %
Feb
*
-7;' 10%
>pt:,;.;7778%
9%
Jan
Duval Texas Sulphur
•
'>
Jan
Am
dep rets ord reg
Hosiery class B common
11%
Feb
15%
/
10%
18
15]/s
100
18 Va
.
200
9'A
15%
1,700
1,300.
16
;
14%
10%
Feb
16 »A
Jan
Feb
Jan
16
7
Jan
Jan:;'.
—J
East
Gas ft Fuel Assoo
6%
common.
Feb >
13 %
Jan
see
24%
3%
•
7%
7,900
20
1
54%
12%
12%
40
10
page
1186.
!
Feb
Jan
52%
117
—
_
19
';
200
18%
20
800
37
37
•50
Feb
20%
Jan
Eastern
Malleable
Jan
Eastern
States
4%
Jan
Jan
35
7 V.
Jan
34
Jan
27%
Feb
59J/2
Jan,,
$7
100% 102%
prior preferred.
preferred
16%
:
Feb
30
200
*
•
•
4%%
..
65
39%
Iron
6
Jan
7'7
Jan
8
25
4%
72
70%
71%
51
52
3,500
v
1
A
125-
1,475
104%
97 Va
Jan
v
65
Feb
/ '/
39%
Feb
70'A
Feb.
Feb
51
'■
42%
Feb
Jan
Jan
5
Jan
7 80
Feb
3 *%- Jan
70 V*
80
Jan
,
■-7
79
Feb
56%
Jan
Sugar Associates—
$5
Easy
Washing
51%
preferred
12
11%.
12%
2,400
19%
21%
63,800
*
—*
75%
75
75%
77
76
77
Jan
Economy Grocery Stores.
14
Jan
Elflct.ric
18%
Feb
22%
Jan
$3.50
41
Feb
$4.20 pfd. formerly $6
pfd
ft Shar*
formerly
575
20%
$5
H'
14%
Jan
29%
Jan
25%
Jan
——
r
1,000
:
'
800
11%
Feb
25
B.
117
Jan
Bond
."
common.—$
Machine
Jan
12%
,.34ya Jan
2,475'
70'A
preferred series A.
$6 preferred series B
Eastern
39 %■
3%
Corp
.225
73
'
21% Jani
Feb i.
Jan,
Jan
'.-if
17%
-17%
Ltd—
13 Va
'
Am
7
:
r
20%
4%
34%;
40
Feb
170
11.,'. Feb/
10%
ioy4
Jan
Jan
178
23%/ Jan.
6%
,:■•; 32.%
;i:.i7%
'
"
32%
Feb
Jan
37%- Jan
Jan>
15
Feb
145
12%,
5%
■
10%
10
—
Diana Stores Corp
Co
> 5%
■
:13% Jan,
>140
Jan.
157
>" 24% '24%;
> 21 >
21
10
common
common—
preferred
Distillers
i'-V '713;; : Jan
t;.:
1457.:
7711/v
"
1
20
Co
ir¬
is
25%
Jan;.
145
Steel Products
Co
Feb
36%
145
Gray Iron Foundry
Detroit
21
$
14
>.14 >
i
55
Jan
23%
37
13
8
common
preferred
De Vilbiss
50.
,
21
*
1
25
15%
50
v,
V. Jan
: 36%
250V 16% Feb
..
Jan
8%
Jail
,
8%
50
,l
9% Jan
*
Jan
30% Jan.
350
.
10
17
Jan
;
-
i_
•
33%
16%
Jan
55
7100
Feb
18%
6%
29 %
- 4%
200:-
29%;
10
._*
2,100
3,800
25
•
-
31%
£1'
Feb
Jan
200
8,200
33
53%
;-r"
pfd
com
& Co
footnotes
Jan
32%
•
Products
Co
•
Duro Test Corp common
4%
300
•
'
L $5
107V
i
8,800">7
/>
19%
.
I 37 >
Gasket & Mtg
Detroit
6%
17
13%
0m
common
(J W)
'
137/8
Feb
•ff.-
class A
Carter
6
10%
~-
7%
:'Jan
;3^100-^,-3%>Jart
'
17
" •*" 29% '
I
4 Va
;
Jan
Feb
8%
r
Jan
10%
>
3,000
9%
voting
Casco
For
.A.., ,7
Feb
—
■—
Carolina
4
4%
Alcohol-
•
Co
9
'
16>A
7%
-
—
Durham
..
Products
Co
4% Feb
500
Feb
3-%
46»A
,v4%: Jan;
; 37 Vi Feb
>;
100
.
-4%^
15>/2
15'/e
I
UJ.
Driver Harris Co
24'A
common
Class B
Carnation
2,000
4%
11%
10%
^
1,600
'
12%
Canadian Marconi
Capital
8%
'•}
.
V4Va
5%:
4%.
7
•
voting
non
i-y-
Ltd
Ltd
.'3%
26
2JB0
2.50
Derby OU & Rsf Corp—
Detroit
Draper
77/7 ;"i'
Insurance
Canada
Class
pfd
Power
Corp
4%
4'A
—
Wireless—
Fire
1*7'^;
C
5
10%
25% > 27 •>
—
5
Ouke Power Co
Cable Electrio Products common.
14%
Jan
^00
Jan
30%'jan
6»/a Feb
'
-90
•
*. 5% •7,400
-38
f 25
-
19%
' 7%
.;
—Zio
^10
common
Dominion
Bread
'
$6 prior preferred.—.
8% debenture
Jan
102%
43
Corp Am dep rets
Burry Biscuit Corp
Feb
27
I
r-i O
Buckeye Pipe Line—.,
7%. Jap
Jan
31
Mills Ltd.
Sullivan
Class
Dejay Stores
24% Jan
Feb
3%
1,175
31
4,500
•'
ip%
Davenport Hosiery Mills—
Dayton Rubber Mfg new com.
Jan
Feb
Feb
Jan
25 y2
~4%
111%
Feb
Jan
Feb
%
6%
2,300
6%
.4%
•
-.38
Feb
Feb-
7
6>/a
'a%
,—*■"•
(Mo)——;
Dennison Mfg class A
•
110% Jan
306
Feb
12%
Feb
31
22%
-lOfl
47
33
25 y#. Janr
;?5%, Jan
—A
26Va
3,700 >11%
46 y»
:
' 103' -'105
5%
■
Jan
Feb
Feb
—
preferred
Tungsten
6%
Jan
23%
$5 prior preferred
Camden
45
- ■
•
Atlantic Sugar.
Tobacco common..
33
.77," 3%
Canada
;
28
^28
•
Jan
65
■
Jan
4ye
8
'
0
Crystal Oil Refining common—
$6 preferred—
34
' 34'
Jan
9%.Jan;
9% Jan
120 \
•
-
Feb
6%
'<2V*
A
—
.8
^8 V
common....—
150
Feb
1,700
31
Brown Fence & Wire common
Callite
.
28o
.250
Petrol
•
13%
Jan
Jan
4% Jan
-
12%
12%
29%
.-jt- ■
29%
17,200
<
5%,
.
48%
21% Mar
Ltd—
Electrie
111% lll%-
111%
Jan
£83%
Jan '77,
Jan
,
Feb
45
lOo '
27
5
Brown Forman Distillers..
California
3,300
3,300'
■ii!,-*-'
•5p
..
——
—,
B
&
1,100
5,900*:
5,900-
9%
26
,
'£■>::
5^.
Cent
7
28%
27
—1
;—
9»A Jan
71%/ Jan
;
900
6
24%
7> :7>91
Feb
22
11V4:
Jan
14Q
■V
1,600 >
2,100
38%
10%
•
»
Cuban
American dep rets 5%
Calamba Sugar • Estate
,5%
,
Jan
39
Amer dep rets ord reg
British Columbia Power class
Cables
;
A
--*
...
;
4,300
'
5%
Feb 77
82
a—•.•J/'"' 36
•
convertible preferred—
,
Jan
;7112,
I: .American dep receipts (ord.reg)—J1
JtJ
Creole Petroleum—
H-JI
; *25%
———5
Croft Brewing Co_
•
.1
^1'4
Crosley Motors Inc.
*
—•
16
Crowley Milner & Co.——.—— 1
...1
15%
..
25 y2
700
48
v
Feb
55
"700
36>,:
Feb
Feb
r' Jan
44%
Jan
5%
26,600
•"
16%
7 5
Jan r
Jan A
108%
23%
17,600 ?
27%^
'
3%
44%
16%
60
7
__
v!:
Feb
9
23%
*
Jan
-13%'
Courtaulds- Ltd—- ,&>•>*
Jan
Jan
6%
100
dep rects ord bearer
dep rets ord reg—
H)
>34%
Mar
A
v
Jan
7 118%
—1
~~1
preferred A^_
Cosden .Petroleum;
Feb
:■4
—
lOo,
.106,
p.—
Fdy & Machine Co
Reynolds..
Jan
Jan
1
—
ft
17%
/'
:
115%
$«
Feb
Feb
A.
(P
•
Cor; '/on
Feb
9%
4%
British American Oil Co
British American Tobacco-
Butler
25%
173 7
7
Jan
Jan
*
37%
35%' 39%"'' -T
27%
—
ft
6%
,165
240
"
20
14
—1
Aeronautical
Bunker Hill
Feb
5%;"; 20,700
4%
-•
—
Inc.
Silk
Jan
75
Jan
40% Feb
,
130
—
i
1
Bridgeport Gas Light Co
Bridgeport Oil Co.
Brillo Mfg Co common—
Bruck
17%
Jan
>
40
70
40% /
Jan
50
200
1
Feb
...**.%
Jan
1,400
w*;
14
10
100%
Jan
37%
3%
' Feb*
48
Jan
2,200
Utilities
Textile
Inc
-
Jan
Jan
1
400
Coro
12%
100
Range Co.—
Cornucopia pold Mines
Feb
'6%
43' y Jan
f
—*
Cook Paint & Varnish Co.:—
Jan
Feb
Feb
16% Jan
Jan
'aV
.
100
1,200
Copper
20
Jan/
.ili,
Feb
125
-Feb'
;
97
900
Jan
Feb
9
Brazilian Traction Lgt ft Pwr
Breeze Corp common......
A
12
Jan
Borne Scrymser Co
Class
21%
Jan
15
52,000
Mining ft Smelt Ltd
8
Retail Stores—.—..—1
Consolidated Royalty Oil
;
L10
.10
7
-
:
37
■
•7'A Jan
39% Jan
227,200
—100
Steel* Corp
Co.
Jan
49
88
9%
Feb
27%
2,500
Continental Gas ft Electric Co1%
prior preferred
17
1st preferred
Class
Feb
125
common
Celanese
15
—*
Blue Ridge Corp common
—I
$3 optional convertible
preferred—J*
Blumenthal (S) ft Co
Bohack (H C) Co common
—•
British
Jan
8%
—...
Am
Continental
19% Feb
Bickfords Inc common..
1
Birdsboro Steel Fdy ft Mach Co
com—*
(Am
Consolidated
Jan
—..100
—
Berkey ft Gay Furniture....
Class
Jan
11
.
7-"4%/Feb'. ?;/;
777 570
Consolidated
"
Benson ft Hedges common
Convertible preferred
Brewster
20
1
,4
Aircraft common——.—.—1
Bell Tel of Canada—.——
100
Bourjois
Jan
Jan
%
Bellanca
7%
Feb
8 ye
1
Beaunit Mills Inc common
Beck (A S)> Shoe Corp—...—
(E W)
Jan
42%
Consol
convertible
Basic Refractories
Blauner's
49%
Jan
15%
.
*
y Baumann (L)
common—
7% 1st preferred
Beau Brummel Ties
Bliss
39% Feb
41%
.
Andes—
shares
Corp
Seelig Mfg—
ft
43
10%
common
Steel
Barlow
39%
30
•
■■
13,200
Consolidated
preferred
•
>
:
'
Gas
>
Jan. '
Feb
9
7% Jan
•
200
*
—
preferred series C
;
Jan
•
'
series B preferred.—.
Consolidated
Jan
12% Feb
19%' Jan-
35%
3,800
—1
Co
17l/2
Feb
:
1946
Consol G E L P Bait common
4 %%
Jan
32
60 '
;
3,100*
28
<3ae & Coks Secur common
preferred ————
$3
/
Jan
145
Jan
>>44'•//'Feb' »>
'
(new)—
Arms
extended to
Feb
14%
'
,
400
Development ordinary—
Airlines
—•11^———1
Fuel
1 r.c
Feb
/
.J
I
*
150 '
>
Jan
34%
UJanV
26% Feb > ;
7% Jqn.
■
•
500
35%
Jan
';>.;■:
-/
Feb
165
Feb
..
Jan
4
lT'A Feb
•
7 1,050
nmnv/i
Jan
17%
Feb
140
200
Coal Corp—
*
100
Industries Inc..————1
48
Jan
140
16,200
7%
Feb
.V-
Jan
26%
600
.
160
Jan
150
;
;c
'• Jan v
1,400' >X14%
%
Community- Public: Services.—......25
Community Water Service—
—1
Compo Shoe Machinery—
|
Jan
34
__
12
.
—
1
16
;ii%
Columbia Gas ft 'Electric-* *
?
1
5% preference
:
100
Commonwealth ft Southern warrants..
16% Jan
91
Feb.
8
15%
-
17
;#i.-
25
Feb
X14 Via
V/a
Colorado
Jan
26
14%
:
12 Va
9%
*
...—,
Utensil
Feb
Feb
;
Jan
2-'A
10
£17% 717%
;
44 ;^
471/3
Aluminum
/■.
22 y4
40
2,900
140% 140%
.——.—10
Co
; ■' \
S '
»•' '
Cockshutt Plow
-<Jan
22
Jan
:;-- T5
25,000
Colonial
Jan
Feb
.—•
Cllnchfield
13%
29
Feb
142
80
-•
Clinton
Jan
/
13%
Neon
Feb
10% Feb
19,600
151
Feb
Feb
Jan
Jan
16 Va
225
15 %
2%
-
Feb
49%
49 %
'■■ >17
1,050
'-v'
15 Va
*
Feb
■,
144
fs
20 Va
200.
.
..
48
-d
•
6%
550
-
13% Jan
Jan.;
>5 Jan
36
200
21%
Jan
37
37
.
Jan>7:;
106.
.
550, "fy
12,200
26%; 29 .i<
Jan
.81
8%
>
—..8
Babcock ft Wilcox Co—
Baldwin Locomotive—
Jan
1
Feb X'.i 117 Va Feb
10%
-
1
1
Colt's Patent
—.
preferred
21%
JaiT*-
-18
1,050
>7 18%
20%
—100
Lights Inc.——.
Clayton ft Lambert Mfg
Cleveland Electric Illuminating
Jan
Coast RR Co pfd—100
Voting Machine
Avery (B F) ft Sons common
21%
-17
h'JS
140
Controller
27%
■
10% Jari
"5% "3%
3%
;•/
Claude
Jan
11
115 y2
Feb
Clark
Jan.;'
v
7%
,
>
,i
•
Corp.
>
8%
preferred
Jan
14 y4
Feb
P,900
30
11
115-,/v
22
11%
7,700
f
Feb
Jan'
115%
6%
:
10%
115
I
Products
Jan
130
-
5
—
Jan
4,150
.1
preferred B.
$6 preferred
City Auto Stamping
City ft Suburban Homes
Jan
6%
60
5%
5%
10%
;
-'7
class A
19%
42 y2
112% 113%
7? 11 Va
77'/ 53A
2.50
Fisheries
common
120
28,300
:.
—5
Consolidated
Feb
16%
Jan
106%
200
,,,.
12%
/
—.——.10
common
-
t 117%
-r"
s—.—-1
Mining
JChilds Co preferred
_r
17% Feb
1*V 18%
11%
48%
Chesebrough Mfg
28
Chicago Flexible Shaft Co common—,*
Chicago Rivet ft Mach
:
,.^.4
15%
"
112'A
—1
,
5%
1,300
•
100
*
Atlantic Coast Line Co
Atlas Corp warrants
common—
12y2
;
>18%
45
Corp
>13%
•'f;120.->vJanv-'
$105% Feb
138
Cherry-Burrell
59% Feb
'
;•
8,700
.
105% 105%
;>:12
preferred—100
Cnaris
Jan
' Feb
121
Jan
4,700
3 V*
15,
>.V—
50C
—
Cessna Aircraft Co common.,
Chamberlin Co of America
Range Since January 1
Low
High
>
High
..
preferred
100
pfd opt dlv ser—J
!_100
Conv pfd opt div ser 29——100
Jan
Shares
13%
105%
Conv
Jan -.':
5,500
,100
pid„100
& Lt 4%
South
7fo
Feb-;
•••;.
14%
Proaucts.——1
pfd
-100
46
27J/4
ft
pfd
Power
Steel
for Week
Low
;7>
of America.—1
Jan
6'A
10'A
Associated Electric Industries—
American dep rects reg
£1
Associated Laundries of America..—_.*
6%
Ohio
Corp
Sales
Range
60c
1
Equipment Corp
Ashland Oil &
Refining Co
Plywood
New
Central
;/ 12%
£1
Aro
Atlas
Maine Power
Central
Feb V
•1,100
82,000
67A A
Arkansas Power ft Light $7
preferred.*
Automatic
Central
Feb
33%
/
reg
Arkansas Natural Gas common...
Common class A non-voting
6%
preferred
Coast
Jan
54
Jan
12%
1
Apex-Elec Mfg Co- common—.
4 Va % pfd
Atlantic
49 ya
Jan
20
100
18 /a
—
•
Angostura-Wupperman
&
53
16%
53'A
5
.
Atlanta Birm
Mar
Feb
24%
1,700
2%
common
Appalachian Elec Pwr
Argus Inc
43
52
18
>
..2
Associated Tel & Tel
41
Pat
CataJin
Jan
Week's
of Prices
-
Sale Price
.
:y
15%
> 28% Jan
3,200
18,800
»-
9%
preferred
Fence
dep rets ord
43
—
•
Angerman Co Inc common
Anglo-Iranian Oil Co Ltd—
Am
5/4
•
Writing Paper
Anchor Post
29%
2
preferred..,—
American- Thread 5%
24
4,800
22 A
4/2
10c
$6 series preferred
American
28%
>•
—10
Seal-Kap common
Superpower Corp com
1st
26 /4
21%
-5
•
:
American
Amer
52
1,250
>43%
25%
—-AA.*'
—1
•
&
47
75
250
■v:
■
30
>>-.41
High.
Jan
275
49%
53/4
29 Va
29'A Nv
25;.,
Co
Republics.,
Low
14
t.
'
25
-
American Meter Co
American
29 Va
J
-
:-.V
Range Since January 1
700
15
.
STOCKS >•;.
/^^^^Friday
New York Curb Exchange
Last
Hioh
14%
15
1
fj
Shares
of Prices
Par
American General Corp common
$2
for Week
East
Sale Price
Monday, March 4, 1946
EXCHANGE
ENDING MARCH
Sales
®®n.ge
....Friday
WEEK
CHRONICLE
Jan
18%
Jan
72
Jan
75%
Feb
75%
Jan
78%
Jan
>:
..
.
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4469
1183
NEW YORK CURB EXCHANGE
FOR WEEK ENDING
BANGE
■:
STOCKS
Friday
Week's
*•*
Curb
U«t
Range
Sale Price
New York
of Prices
Exchange
vrX;:
P«r
Elecitile Power & tight 2d pfd
Low
145
1
New
Shares
Friday
145
150
85/a" ,10
Low
",6,200
A
High
Feb
139
155
Week's
Sales
L»«t
l
Feb
Range
Sale Price
of Prices
York Curb fiekufi
Range Since January 1
-A;■ ]
•
V
STOCKS
for Week
High
139
MARCH
Sales
Par
Illinois
■
zinc
Co
Low
27%
fer Week
Shares
Low
28%
750
7%
100
14
1414%
14%
...
A.26V*
7%
—
Range Since January 1
High
14%.
25
High
;
Jan
32%
7%
Jan
7%
Feb
'
Option
warrants..
Elec'trogr&phic
.1
Corp
$3
10c
preferred
1
..
.
1
Pipe Line
Eversbarp Inc
55
,'
common.
new common.
6%
*57
"24%
51"
1,200
:i3%
/. ;4
3%
4
26,700
53 V* ?
51% A 53
"
1,000
'---A
.16%' 17%
1,000
,3iOV5i 31
f•' 1 250
;
51%
" 48 ; '"'51% ; V 4,700
49%
Jan
14%
Jan
30'A
X41%
"51%-
51%' 52
,»
'' '
'
.
-
'
■
•
-
■
•
Imperial
Feb"-/
111%
<
"
Jan
*
_•
...
Tobacco
Ireland
Feb'
15 r
J1
of
I
Britain
Great
56
Jan
22
Feb
321/4
Feb
Insurance
Jan
59%
7%
•
Metallurgical..
♦
Jan
34%
Fedders-Quigan Corp
Federal
Fire
1
(Phila)
Am
Ford
Motor of
; Class A
Class
Co
Ford
Amer
Fox
l-VA.
15%
68
rets
Co
bearer.
Feb
&
29%
107
Feb
35
Power $7
5% Jan
6%
200
8%
500
8%
Feb
150
27 Vt
Jan
Investors
Royalty
Malt
7%
co
Feb
Jan
28%
Jan
Feb:
A.21V-:
Fireproofing
15%
Jan
23
Jan
6%
44%
400
30
Jan
/ 49
Jan
7%
125
.
30%
-125
50
Feb
34%
100%
Feb
131
10%X13%
10
8%
13,900
10%
•
7%
10 Vb
Jan
13%
-■
4,800
Jan
14%
97
Jan
Feb
14% Jan
7%
Feb
9%
6ft
Service
$6 preferred
stock.
A
15,400
4%
Jan
650
36%
Feb
39%
500
31
Feb
37% .Jan
7%
38%
33
•
.
3%
..
30
'.'v 11%
•vA
28%
Jan
3%
Feb
Feb
26
Jan
32
11
47^
Feb
13%
Jan
Jan
8%
Jan
1,900
3%
7'A Mar
Jan
2%
22,000
■
Jan
2%
2,000
1
Jan
Seeley Corp
Products.
Kiiby Petroleum.
King
29%
Feb
Klein
Jan
Kleinert
Jan-
Knott Corp common..
Jan
Kobacker Stores new common—
7%
5
"
9%
Jan
6%
Jan
Kresge Dept Stores—
4ft convertible 1st preferred—
110
7%
100
7%
50
Feb
104
33%
111%
550
Feb
Jan
110
32
125
Feb'
310
112% 112%
•
16%
Jan
2,200
V
Jan
21A
27
27
100
.
Jan
Jan
27%
Jan
Jan
18 y2
Jan
19
Feb
j-f. J '-.yr\
■
21%
23%
1,400
21%
900
8%
1,450
8
,.
111
IN «00
<5
Jan
Jan
9%
Feb
Feb
15%
Jan
29%
,
Jan
19%
114%
^
21
Jan
Jan
79
Feb
A 24%
Feb
.
19% Feb
900
Jan
89
Jan
76
30
114%
Jan
86
79
'
8%
5,400
7%
Jan
9V2
Feb
10%
10
10%
3,200
8%
Jan
11%
Feb
.1
2%
2
2TV
36,300
1%
Jan
2%
Feb
34
35%
400
Jan
37%
Jan
31
Feb
29
Feb
33%
Jan
12
Jan
16%
Feb
100
Jan
7%
*
29
.10
23
29
14%
15%
29
/
16% A ( 6,400
100
,
,
Feb
103 1
Jan
Jan
43%
16
13%
500
16%
.
Jan
16%
Feb
Feb
23%
L
Feb/;
Jan
*
30
,4^
1
Co
Jan
55 %
Feb
23 y* Feb
25%
Jan
22 >A
1,300
'-'A
77
8%
Emil) Co common
(I B) Rubber Co.
Brewing
Krueger
23
27
6%
11%
Feb
123
x
Jan
Jan'4
iig]
(D
■
.1
>
115
!
Feb '
19%
—
112%
19
Kingston
109
53;
*
Jan
.100
109
,11% Jan
5%
.107
.''".-••W-A/
•
21%
.1
10
104
110%
x26
.•.*** ""A V."
A'".
.1
2,800
•
Jan
60
,
111
"***'
100
100
100
1
Kirkland Lake G M Co Ltd
13%
*
common
Feb
Jan
Mar
Feb
'
Feb
Feb
*
•
18%
33%
108
Jan
•
109%
121 Va
111% 112
.
27%
12 y8
104%
V;
105%
•
..
106
Jan
17
400
.
20
•
'Jan':'/v%
117% 117%
•
1,400
.
106% 107%
19%
11%
12%
4,000
13%
Lakey Foundry & Machine.
Lamson Corp of Delaware.
Jan*
Feb
21%
Lake Shore Mines Ltd.
12
13 %:
2,100
11
Jan
15%
Feb
17%
18%
1,100
"17%
Feb
20%
Jan
^
*
21%
19%
6,600
14
8% Janr
;v
,
Feb
'
Class
Corp.
Coal
IJO
22%
A
22
"1%;
Mfg
Inc
22
5,000
69
Jan
37
37
3%
65
Jan AA
69
36% Feb
100
30
•
2%; .3%'
69,700
103:
!
Co.
48%
u%* 12
j*
"»
300
51% -52
Feb
Feb
4
51
Jan
Jan
52
Graham-Paige Motors $5
pfd
conv
25
Gray Mfg Co—
&
Stores
Tea?—
71
Jan
47%
Jan
13%
Jan
Jan
1,100
1,500
11%
Feb
17%
Feb
23 y8
31%
Jan
37%
Lionel
Jan
'21%
Feb
5,300 :
yy
19
27
'58%
31%
/.
2fl
A
Class
114
113
135%"
•
135% 137%
40%
■
A Greenfield Tap ft Die
•
Grocery Stores Products common._25t
A Gulf State Utilities $4.40 pfd-.,
100
Gypsum Lime & Alabastine
•
.
115
325
19
' 20%
14
yr 14%
'
",14%
-114%-
2,200
"
39%
Feb
17%
S
*'
Jan
500
13%
113%
Feb
J'i'"
14 lA
Jan
,
Jan
Jan 7
15%
116
Jan
14 % Jap
Bridge
Hammermlll
Co
Paper.
Hartford Electric
Hartford
15
16
700
9%
1,300
36%
.10
9%
38%
600
Light—
Rayon voting trust etft—1
Brewing Co
^
■■ ■■■•■*••
1
,
Hat Corp of America B non-vot com—1
Hazeltine Corp...
Hearn
Dept Stores
Hecla
Mining Co—
14% Jan
common...
«%•
5%
10%
36%
Feb
41%
Jan-;
Jan;
72%
Feb
22
5,300
1,500
10%
Feb
14%
Jan
Maroohi Internat Marine
Communication Co Ltd
1,000
21%
Jan
26%
Feb
16
15%
16%
V 900
16%
15y4
17%
8,100
Feb
/15%
7%
Class A
Feb
19%
15%
Feb
i 19 %
40
a
Feb 7
common.
16%
Jan
preferred w w
.100
Henry Holt & Co common.
—1
20
107% 108%
20
22 ;
yi
30
450
Feb
Feb
si 7
Feb
111
107%
20
Feb
;
Feb
Jan
-
,
common
2.6$
& Co class A__
Inc!
(Geo A)
Hnrn As Hardart
69%
$
Xl5%
•
M
26 %i:
65
46%
1,800
;71'
15%
26%
Baking Co-.^—
Feb
*700
22!/4
29
1
52 A
Jan
Jan
•80
Jan
Jan
"17%
31
Feb
Feb
20%
,42-140
39%
•
r
37%
42
~
80
„
140%
50
40/:-
425
100
Corp—
Jan.
65
13%
900
Jan
22%
McCord
■:
Corp
Jan
44 y2
Jan
140
Feb
140%
Feb
3 7%. Feb
43%
115
34%
32 %
.
/; 1,300
"32%
600
30%
7,100
35 %
48%
/Jan
115
Feb
'Jan
39 y2
Jan
...
McWilliams
Dredging————
(Harvey) Inc...
l
& Refining
Fibre Corp....
Hussmann Ligonier Co
$2.25 preferred
—
Com stk purch warrants—_
31
30%.
32%
54.
Oil
52%.
55
Feb
33 %
Memphis Natural Gas
Mercantile
Merritt
55
Feb
Stores
11%
800
*11%
Feb
25
100
25
Feb
47%.
47%
15%
16
>.
.
»
.
Huyler's common—.
12%
25
9%
——
1st
preferred
Electric Securities
Hygrade Food jproducts.
8%
45%
'6%
Hydro
5%
28
■:
9%
48
6%
28%
V 125
45 y2
Jan
200
15 V\
Jan
14
Jan
30%
48
,
117%
Jan
Jan
Jan
2,900
8
Jan
10%
Feb
400
43
Jan
50".
Jan
400
5
Jan
7%
Feb
1,200
22'A
Jan
32
Feb
6%ft
-
conv
Textile Corp
Participating preferred
For
footnotes
see
page
1186.
32%
68%
71
2,800
1,100
68%
Feb
75
Jan
19
18%
19
3,700
18%
Jan'
19%
Jan
31
Feb
35 y2
Jan
27
Jan
Feb
27%
Feb
25
,
26%
26
Feb
26
'25%
15%
Jan
-
17%
450
9,400
2y»
Jan
300
96%
Feb
450
92%
10%
10%
7,300
10 ya
A
Jan
:
44%
98 Va
12%
Feb
Jan
,115% Feb
Feb
51
Jan
38
900
47
Jan
V
Feb
Jan
3% Feb
107% Jan
Feb
/.3/AV; 3%
Feb
30
19%
Feb
67,900
-
94%
-
14%
3%
Middle
West
18%
42
15
16%
15%
42
18%
18
25%
;
,
900
Mid-West
5ft
25
u
17%
Feb
Jan
94%
Jan
15%
Feb
22%
Jan
42
Jan
45
Jan
18%
2,200
•5'16 %
Jan
20
26%
3,300
25
Feb
30%
Jan
Jan
10
Jan
23%
1,800
19
21
3,400
8%
97/a
21%
Feb
..
25%
Feb
Jan
'-ijA--4%
12 y2
12%
:'A l9%
Jan
Jan
110
Jan
18,200
6%
Jan
11%
10%
700
9%
Jan
12 V*
Jan
Jan
60
Jan
59J/a
59%
4%
Jan
12'/a
A19
10%
8%
14
26%
Jan
109 y2
7%
Feb
8%
9%
59 Va
8%
15 A
v
8'A
3,200
8%
21%
"
58
•10
8%
1,300
15%
5
550
10,800
500
7%
*
14
4%
11%
Jan
Feb
9%
Feb
17%
Jan
Jan
5%
Jan
137/a
Jan
Feb
Jan
3%
24 Va
13
20%
2,700
19
Feb
24%
Feb
15%
16-"
400
15%
Feb
18
Jan
3%
3%
24%
5,500
3%
Jan
27,200
20 %
Jan
25%
Feb
15
Jan
16
Jan
19
22%
4!/a
Feb
Co
&
Supply
Co
■
11%
\
1
1
common
—50
-*
preferred
Mining Corp of Canada
Minnesota P As L 5ft
pfd
—
4
100
;
5%
31%
—
-
9%
34
40
6%
11
7%
113A
150
32%
Jan
35
Jan
750
36'A
Jan
47
Feb
1,700
6%
Feb
9'A
Jan
11
Feb
12 y2
Jan
33
V,
*
50
10
33
38%
——•
dividend shares
common
Refineries
conv
Jan
,
Piping
Wohl
Jan
13%
375
85/a
•
common
Abrasive
Oil
Feb
Jan
4%
4,200
20%
;—^
5
Corp
non-cum
Co
6 Vi
19y8
Feb
18%
43%
Steel Products—
$2
Feb
Jan
3%
6%
v
3,900
227/a
,
Corp $2 conv preferred—*
Oil
Midland
Mid^ale
40% Jan
Jan
__
1
Midland
'
Jan
Jan
12%
800
15%
3%
1
c..
48
26
100
6%
6%:
Middle States Petroleum class A v t c.l
Class B v t
Feb
Jan
r
—
10
Preferred
36
500
94 y2
j
*
25c
15
1
2.50
•
...
8V2 Jan
6% Feb
2,400
40
100 A
Micromatic Hone Corp
A
6%
26
15%
3%
16 Va
—
Michigan Bumper Corp.
Michigan Steel Tube
Miller
70
preferred
Dividend arrear ctfs.
26
96% 100
,
.y
1
Metal
Midwest
31
-
Feb
25
•
16%
•
A preferred—
Mid-West
32
27
•
Feb
•
Scott
Messabi Iron Co
Midwest
Illinois Power Co common.
30%
Jan
•
40%
J-5
common
common—.
Chapman &
// Warrants
Jan
Jan
A
6%
1 /
Michigan Sugar Co
Hubbell
Hummel-Ross
Feb
12
"
Jan
-
30
36
•
*
common-
$2.50 preferred
Jan
40%
'
*
•
preferred
40
3,400
16
'»
*
& Co common.—*
& Hardart common
Stores
44%
10
Hollinger Consolidated G
Holophane Co common
800
2,700
92%
,
4
.
Mead Johnson At Co
Heyden Chemical
Jan
30%
—
£1
—*
Mass Utilities Association v t 01
Massey Harris common.
•
McColl-Frontenac Oil Co 6ft pfd—100
Jan
26%
30
fissi
>4
Feb /
Jan
15
2
•
Jan
44%
15%
Co
Jan A
7% Jan ■://
;
A
111%
Marion Steam Shovel
••
5% Mar
Feb
Feb
10%
warrantsMangel Stores common
1
Manischewitz (The B) Co
—•
Mapes Consolidated Mfg Co—. -,
. .*
4,400
'/;/6
22
23%
16%
Manatl Sugar optional
6%
.25#
—
Feb
12 '/«•
•
—•
Rubinstein—
11%
"6%
v
5%
.i2ya
1,400
12 A:- 14%
:3%'
Feb
Jan
24%
■
Jan
v
M
17%
8%
68%
Ltd.
Feb
26%
100
H
CO——A—
Lamp
Hamilton
3%
50
v
2%
19,000
,:
93%
Common
7ft
Jan
Jan
Xy
17%
0
Feb
41
Feb
25%
—10
82%
Jan
Jan
26
A
Jan
Feb
Jan
21
22
,£L
13%
ctfs of dep.
preferred A ctfs of dep—.
6ft preferred B ctf6 of dep.;—
Louisiana Land At ExplorationLouisiana Power ft Light $6 pfd.
Lynch Corp common—
«...
A
45
21%
Jan
10
li4%;ll'4%
Long Island Lighting Co—
11%
Jan
42
*
6
Lone Star Gas Corp common-
9%
73
100
3%
47%
-
27
B
140
Jan
Jan
1,500
21%
A—
118% Feh
135% Mar
1,150
39% -42
2oyv
110
140
Feb
21 y8
500
46
30%
23
•
Locke Steel Chain
iflfl
18%
Feb
10
21%
preferred—25
Class
Groceterias
Jan
19
80
2%
3%
10
;
Lit Brothers common
Loblaw
80
mm
Corp
Feb
34
Jan
10%
300 i
37%
(R G) Ino
Lipton (Thos J> Inc 6ft
,
stock..
Paper
' 17%
:
<ZiVa
.1
Pacific
Non-voting common
7 ft
1st preferred
Great Northern
12%
18
150
2,200
40%
11%
*
Grayson-Robinson
Atlantic
37%
1
Rapids Varnish
"
X59% x60 >-
..
•
400
V->'
20
9%; 10%
85
31
25
>
15%
-y
:»
Line Material Coj
Feb
Jan
Le Tourneau
'
iff
common
1
preferredpreferred
Leonard Oil Development
Prior
Jan
19
*
Convertible
Jan
50
14,
%
5
:
Monotype Machine.
Lefcourt Realty common
Jan
Jan
;.11%
30
;
.44
Jan
34
15
B
Class
Lanston
Feb
105
Jan
2%
;
34
Langendorf United Bakeries class A—*
24% Jan
8% Feb
,
C 17%
1
Wells Co common
Lane
25% Fefb
Jan
6%
50
104% 105
Mines.
class A._
Mfg
8%
Jan
21%
'
preferred
Gorham
2,200
7,100
23
7%.
69
*
Consolidated
Goodman
24%
X22%
22%
,
B
Gorham
5 %
Jan
110'A 111
*
Co
As
Kimberly-Clark Corp—
4% % preferred
Kings Co Lighting 7ft pfd B
5ft preferred D
Feb
20
*
com
preferred
Harvester
Goldfield
Humble
13%
'
Feb
Feb
12%
W£ $4.50 prior preferred
Howard
Jan
A 2,500
25%
107%
"5
17%
24%
•
Alden
5%
10%
11
—.—I
10%
1,800
1
_
Gobel (Adolf) Inc common.
Godchaux Sugars class
Horn
12
2%
111
*
—
Ino.
Jan
104% 104%
...100
Co
Gleaner
Hormel
Jan
preferred—100
9%
24% x26%
/.
Horder's
Jan
24%
axiA; 2%
28%
9
24%
pfd
Jan .'
,12% Jan 1"''
3,900
1,050
.
Plywood Corp
Co
Co
Key Co common
Kidde (Walter)
Feb
Jan
17%
15%
10
9%
Gladding McBean As Co
(R)
24%
Jan
31
'■
K
Feb
10
1,900
9
14
1
Preferred
Hoe
25%
Jan
19%
5%
k
Jan
Kawneer
«
preferred
S%%
Feb
19%
A.:v;\ 200
Feb
Kennedy's
10
Geoigia Power $6 prafwiwd-
Heller
21
9,700
20'/a
11
3
...
-—100
100
—
*
preferred
preferred
Julian & Kokenge Co
Feb
Feb
125
950;
14
*
Shareholdings Corp
Helena
1,000
21%
20 y8
29
Jersey Central Pwr & Lt 6% ft pfd__100
Feb
96
common
Outdoor Adv
convertible
Harvard
22
20
11%
Jeannette 'Glass Co.—
Feb
97
Rayon
Sail
Jan
Jan
19%
common
Public
Great
68%
3
Ken-Rad Tube & Lamp
General
'
33%
7
—
—
11%
Xl2%'
General
X. Grand
Feb
Jan
37%
«■■
A
1,600
preferred.
ueneral
$3
Jan
Jan
11%
—
3,600
*
Glen
112
9% Jan
Co Ltd—
(AC)
Jan
60
k* A
...1
-
13%
30% ' 321/3
common.
cower
Gilchrist
94
26
trust otls—*
20%
'1
Amer dep rets ord reg_.
$5
Feb
350
500
20%
1
,
—
Italian Superpower
;f •'
_
42%
General Finance Corp common
Gilbert
Jan
1,800
^
12%
Co
XX 5% preferred series A
'•;¥ Warrants
V $6
103
62%
• •';•••
191/4
common.—
preferred
Mfg Co common
General Alloys Co.
■ ■ -
General
101
Jan
28%
•
preferred
Irving Air Chute
Jan
33
5%
^•neral
116
Jan
60
.18
12 1/4
Gellman
General
Jan
90
92%
114
40
28'A
10
Products
Interstate
G
Gen Electric
130
28
•
Kansas Gas & Eleo 7ft
.
50
100
100%
105% 108
22
•
shs.
International Safety Razor B
Utilities Corp com
Jan
8%
stock
convertible
uauneau
115
94
110
—
coupon
19%
Grain
Garrett Corp
Jan
30% Jan
1
International
Jan
61/4
.DistiUing—ZT.
(Geo A)
*ft
14%
-•
A
shares
International
Feb
8%
Feb
31%
300
Jan
28% Jan
28%
Co
Warrants
70%: Feb
X311/2 x311/2
.1.21
Stores
conv
32
12%
100
60
Iron Fireman Mfg voting
25%
2,100
5,700
13%
114
series
Investment
Registered
Feb
17%
-
;
$3.50
International Petroleum
Jan
29
Ai
Jan
;
7% Mar
4,200
271/8':
29
Brewing Co
Brewing
JDICWUlg
Franklin
$3
67
Jan
France—
Franklin
?
7% " 8%
25%
•
-
n
(Peter)
)
Fuller
35 ;
Jan
25
110
Jan
15%
International Minerals and Chemicals—
Feb
Jan
;a;:V84;/A
Jan
11%
7,500
A;17 .*!
7%
1 JTCbCl
Froedtert
Feb
Preferred
international Metal Industries
Canada—
of
dep
Fort Pitt
8%
115
26%
•
34% Mar
350
13%
voting.
Motor
66%
1,850
35
..
15%
Jan
29
95
of North America—.10
International
Feb
Feb
/
nnn-Vntfrng
B
Feb
67
^'■
dep. rets brd
2^.
14%
^ ."
if
Ford Motor Co Ltd—
,
78
600
67
Compress & Warehouse Co—28
Association
34%
17%
Jan
575
<
23
66%. •, 74%
New common
Jan
;
106
22
Jan
5%
A 60,600
101X
22
13%
3,200:-;
AA7A
104
1
-
Fansteel
17%
15%
Jan
13%
Jan
4%
'
*
16%
Engine ft Airplane...
$2.50 conv pfd
;
Falstaff Brewing,
13%
300
13
International Cigar Machine.
International Hydro Electric—
Palrchlld Camera A Inst Oo.
5,800
14%
29
Indianapolis P b L 5%% preferred.100
Indiana Service 6ft preferred
100
7% preferred—..—
.—100
Jan;
.;
Fairchild
Jan
li
£1
.-.-OA—i.
—
Jan
3%
t
-
Feb
Feb
53
Jan,
109
;"
'13% -14
Feb.,
62
Jan
'
:
:
Jan
39%
■
Jan
9,800
275
Jan.
24%
Jan'/
50
1,325 ?
31 : * 36V*
Imperial Chemical IndustriesAm dep rets regis.
Imperial OH (Can) coupon.
Registered
Imperial Tobacco of Canada—
12%
;
rvl9 Yt Feb
* 500
•
Jan
:■ '
100
•
Equipment
common...
Esquire Inc
Eureka
*57
.50
pfd
ft
convertible
.
.10 :-V 33:
5% : preferred
Equity Corp
.
TVJi;--''.,-.;- • i9%/2o.:
.It
Empire District Electric 5ft
Derrick
;9%'
'
Elgin National Watcli Co.
Elliott Co common.
Emsco
''
-
Jan
39%
2,200
"5'A
X5%
5,800
5
Jan
29%
33
2,200
24%
Jan
•
73
Jan
105
~8%
10%
4,500
r
8%
107
6
36y8
Feb
Jan
Feb
Feb
Jan
11%
Jan
Feb
107 y2
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 4, 1946
NEW YORK CURB EXCHANGE
RANGE
STOCKS
FOR
MARCH 1
WEEK ENDING
Sales
v
Range
for Week
of Prices
Shares
Sale Price
Range Since January 1
Low
'
Sales
<
Range
for Week
•f Prices
Shares
#4»#<
York Curb Exchsags
New
Week's
■J. Friday
v.,stocks
Last
Sale Price
Exchange
York Curb
New
Week's
Friday
Low
High
Range Since January 1
High
High
'
20,
.—I
Corp—...——.—
,—i
Monogram Pictures common—**...
Monroe Loan Society A.——*-. —ri
Jan
15
Missouri Public Bervi"® common-^-.
Molybdenum
Jan
% Jan
:
Jan
Feb
Jan
Polaris Mining Co.—..
Feb
Powdrell
:
•
6
-
Jan
>14
Jan
Jan
Utilities new
Montgomery Ward A—*
,**-*-.
Montreal Light Heat ft Power—...
Moody Investors partic pfd——.
.10c
Morris Plan Corp of America——.
—5c
Mountain City Copper common—,
Montana Dakota
202
Jan
Jan
46%
>
23%
Feb
5'/a
9%
-10
4%
8%
9%
Jan
Feb
Prentice-Hall
8'/a
Feb
10%
Jan
Pressed
Feb
Producers
Inc
30%
150
28 %
Jan
32
Jan
152
Feb
50
/
51
2%'
,
17
Prosperity Co class B
26%
200
26%
Feb
28%
Jan
Providence
19%
800
18
Feb
20
Feb
:W,
15%
800
14%
Feb
17
Jan
17
V
.
2%*
2%
•
..;-Z'
L-,'
Gas—..
•
,
10
23% Jan:
•
Bellas Bess common-.-.——.———1
*—*
.———23
4.1 Vn Mar'
preferred
—
21 %
500
.—*
National Fuel Gas....*—
1st
;
12.50
1
Radio——*»30o
28%
Jan
Feb
19%
Jan
6%
26
Feb
Quebec
15%
Feb
Jan
y 4%
,
Jan
Jan
.,
84%
22
H2
Jan
^ 19
Feb
84%
Feb
•
38
.
43%
—
30%' 3F ' ,~
H 75 - - 77% >
tX
;
New Idea Inc. common———.
New-Jersey 7inc_—
—.—
New- Mexico ft Arizona Land*.—*...
7%
'
-
~
-
—
.
-
8%
127
700
<
>
2,400
-
.31
Feb
700-- •tv-30%
"
72*
"
«--''81%- Feb
'
8%
Jam
N
9%
Auction Co common..—
N- Y
■>.;
Y City"Omnibus warrants——
*.
10%
'.;*;;v5£
-
56.57
Y Merchandise
SY ft Ronduras Rosar^o.
S T Shipbuilding Corp^
£33:
>
.
7
;
j:\ "--8%-Jsin^':
:v:,'
Lil.'—j','.
110
87
*.^'28^
700
•«*«-J7 0
89
9%^
common.——!
:
:
2%
'
600
ii%
1
Corp B—
-1
Mines..————.——8
Electric.—————.1
28%
:••• "* 8,%
Class
B
common..
HB',
Northern Indiana Pub Serv 5%
20
7V2
20
<
r
Jan
■ytv
Ohio
Iw
49 y2
120
c-
.
1,800
9fe&?£
i.;ioo:
10%
1
—...»
.
Ohio
B
55
18
h
1st pfd—
:
12%
34 H^Marv
>rJan-
20
Jan
30
:
Royalite Oil Co Lta
.v:-6%
-
Feb"
8% Feb". yk 11% Jan;.
>
20
Feb
19%
Feb <
8% Feb
.5%
Jan
7%
•
22% Jan
..
3 10% Feb
>;
Feb
6
.
Jan-.
>19% Jan
_
v
Jan
40
lt>%- Jan:
—3%
Ryan Aeronautical Co..—_
Ryan- Consolidated Petroleum
Ryerson ft Haynes eommon
8
<
Jan
:
•Vvk: 9%; Feb
Feb
'
Feb
:
4
Jan
Jan
Jan
55%
Jan
Schulte
67
Feb
10%
: y 34
110
Feb
■
;,i' 13% Jail
;
Feb
39
;v'l
Jan
common
,
34%
Jan
114%
Feb
117
117
116%
Feb
110% 112
110%
Jan
42
Bros Inc
Jan
>: V Convertible
Jan
:
1
12%
Jan
18%
Jan
.
prior
stock——
(R
Inc.—.
ben try
Saiety
21 y
Jan
9%
Jan
Feb
;
!i.v 25%
Jan
Jan
-27
22
28
3%
Jan
98>
8
Jan
100
103
Feb
8%
10
Jan
>
Feb
Jan
29
11% Feb
,
5%
Jan
Jan
,
14%
«
Feb
108% Mar
.
Jan
12%
Jan
Feb
16%
Jan
3% Feb
Serrick Corp class B——————1
Seton Leather common.
Feb
35% Feb
Jan
23
.?•
7%
Jan
26%
Jan
Jan
7
Feb
-
—»«J
Coiurox——
Jan
179
Feb
5%
1
Sentinel Radio Corp common
Jan
;;1I3//Jan/
Jan
15
*
—
46%
.
.
21%
stock..——28
B)
Feb
6%
Allotment certificates-^———Semler
Feb
• v
150
17%
•
$5.50
Feb
10'A Jan
4% Jan
?S 9% Feb
Jan
162
Selby Shoe Co_
—
•
Selected Industries Inc common.—^-1
15%
43%
—
—
.
.
Feb
9%
52
•
$
"Jan
Segal Lock ft Hardware.
1
Seiberling Rubber common——.—.*
37%
42%
40
11 j
y
1
*
Seeman
>:
Jah
s Mar
118
h;i:; Convertible preferred—-—.28
Scovill
Manufacturing^—
—...25
Scran ton Elec $6 pf«i^_
—,——.*
Scrantan Spring Brook Water Servico—
S6 preferred——.——
*
Scullin Steel Co common
*
Jan
Jan
42% Jan
v' 6% Jan
1
(D A) common
Feb
3%
>■
8
•
Co———
&
Jan
11%
Feb
8%
United Corp common—.—1
Samson
105% Feb
8
Jan
9
33%
Feb <
9% Feb
Regis Paper common
8
Salt Dome Oil Co—1
St
Feb
21%
;
i: 26
—.50
pref
Class A $2 couv
12% Feb
10
-
\
Feb
Jan.
'W-'.45
5,200
Feb
1
Securities
Overseas
■
-5% Feb1,
Russeks Fifth Ave
•
Omar Inc.———
-
25% Jan.;--.:
•..•(Jan-
•
22
v
Petroleum Co—.—
Savoy Oil
Schiff Co
115%
36%
15
Oliver United Filters B
Feb
20% Jan; /
VOi. 4.L
i ;■
Feb
.
54%
Jan
45,%
;
500
Feb
115
ICO
—.100
Natural Gas common...
109 %
v<*i
22
—8 :
k 3%
common..—..*
preferred
" 4% Jan,
>
Jan
; ^54v-;^
■
,,108% Jan
875
67Acyr: 11,400
C34-,.,: 3m^:
preferred...—.100
Public Service 1%
6 V 1st
Oklahoma
49 ;;< Jan ,v.>
Jan
;
55
f
Jan
104
F5»%
146
Feb
52
Feb
6% Jan
8
a
Co class
Brass
Jan
34%..Jan.;c*,.
<
——ft
Securities Corp General
Ohio Power 4%%
Feb
Jan
28%
<
v
/ 16 % Feb
>:•
Rotary Electric Steel Co.
Jan
35
Feb
Jan
105% Jan
"
Si.20'convertible preferred
5% Feb"'
10%
Feb
49% Jan vi,
V 7
19%. OS ■J2.800
53.:>
—25
Ogden Corp «nmmnn
:
23
18
is
:.',Jan--;y"<-13%-Feb-' *
8'
.
'
Feb
;•
134
200
no..: uoorgl. TL.75
pfd—100
Northrop Aircraft Inc
Novadei-Agene Corp
25% Feb
i-i 34- ;-:Feb
'ib'
Art Metal-Works.
Ronson
Feb
v
; 28%: Feb,
Ul
Northern Natural Gas
13
23%
Roosevelt Field Inc.—..
Root
26% Feb
•
<
i Am dep rets for ord reg
Jan
107
?
Jari
3%
400
54
10%
>-,yr. &J%
....—.1
Northern States Power class A—;
Feb
19%
—.—-—*'P>
Inc
Rome Cable Corp -common
4-"3% Feb
.
17% Feb
225
51%
■
8
RR Co_————*—50
Penn
'
';
12% Feb
Jan ;7
18%
.
Jan
Jan
2%-> Jan *r
pfd F.-'_^100
Gas ft* Elec 4%
Roeser ft Pendleton
Feb
44,700
:
51 f ;VH : I
49%
%52y
._5Q
Utility Securities
—*
Northern Central Texas Oil—:—.——5
North
Rochester
Rolls Royce Ltd-^*' v
Feb
95
*•.-
Jan
v. 105
5,200
10%
50%
American
Airlines
*
Jan
9,300
-
-
3'»»/a -Fe b t>.*?. 37 %• . Jan.
,
RibGrandrVaUeyQas Cft-v■.$.b.,,.;,.,
'
/
.
Jan
.
123%
; -
:15%Jam
"
prior preferred
Northeast
30% 7,
138 4
135..
•
—
:'
Jan
-1%: J&a
,
~3% W4%-'
111
-
;71t.:: Jan rf
••
,
19%
% 26/
Jan
116
••
16.0Q0
ft Power common—1
preferred—
North American Rayon class A—**-—1•
6%
-
x35' 4 Feb
/.
112
: 3,400
ii y»- u%
.
$6
1
/
.
Feb
8y» Jan
117
Jan
10
2%
.
85%
2,200
114%114%
North Amer Light
North
.17%
•
^•64%-.: Jam .••;,>
*
7 109... Feh."
58,400
Nineteen Hundred
;
Feb i
Jan
18%
y
n- ■ -
—-140
10%
120% 122
preiCrred ——
100
-—100
5% 2d preferred.
Class B optional warrants;;
Niagara Share Corp class B com.—5
4%% conv pfd_—...—..*—*—100
Niles-Bement-Pond ——*—————*
ist
Noma
,
x.
24%
109
23
>20
500
•
11%- Jan.;
'
17ya Feb
56
150<
.34wy;'
23
shares.—1
$5.10 pfd.108
N Y Water Service 67# pfd
..—100
Founders
Nipissing
-
•
rf
250
100
350
16%
•'
1
Radiator..
Richmond
.
,
N Y State Electric ft Gas
Niagara Hudson Power
•
■'V:'"hi-.
V'1
23
21
16
preferred
Power Co—
Richfield Oil Corp; - warranteil-—J—j
7;i
"500
16%
v'
Feb
Jarr
54 % Feb ,4y:: :.#-54%.-' Feb
"
—-
23
>20%
■ri
Raymond Concrete Pile common—.* v
-\9& convertible preferred.
—• 4;
Raytheon•Manufacturing common.-50e
Reed Roller Bit Co.
---• </
Reliance Electric & Engineering———$. t-s
Rice Stix Dry Goods.—i
-7"yi
Jan
32
6,900;. ,..v.^7.% ,Jan >7
>
—
Jan
133%
4 49%
^
Jan*
Jan
Jan
•.
.■
Feb
38
•
Jan
Railway ft 'Light ■■■BecuriUe»^^M^:^;
Voting common
.—
10
Railway ft Utility Investment' A.
1
Rath Packing Co* common—
10
common.
12'/a Jan
7 7- 94% Jan
230
■
110%
Radio-Keith-Orpheam option warranto:
Jan
12%
29% Feb
128
Jan
Feb
Feb
'
10%
900
89%
•
f127
112
108%
50
Quaker Oats common.
24% Feb
Feb
118%
600
'
108% Jan
.i
Feb;
275
v
Jan
Feb
Feb
Feb
14.
-19
700
16%
10% Jan
111%
■0^10:
109
Feb
Feb
Feb
Jan
13% Mar
>. 300
^10%: 11%
Co—————.*.
New1 Process Co common.
21%
.
19% ;19%>
; 15
17%
109
3
Jan
106%
50
>
f'j-
109
2%
Jan
24%
108%
20
i
Jan
Jan
17%
Feb
7%
Corp..
Neptune Meter class A—
Nestle Le Mur Co class A
New England Power Associates—
6% preferred———
—
$2 preferred.
New England Tel. ft Tel——.
Feb
Jan
20% Jan
Feb
Jan
3y»
(Herman)
Haven Clock
Feb
43
.-
Jan
7;; 22 V\ Jan
Nebraska Power 7* preferred.
New
7
14%
*
National Transit——...
National Tunnel ft Mines common
Union
3%
85
14 y2
100
>
111% 111%
—
Pyle-National Co common
Pyrene Manufacturing.
Jan
18
,
National Steel Car Ltd
National
: ;
10
2,100
io
r
107% 107%
1st preferred...
14%
—1
National Mfg & Stores common
National Ruober Machinery
Nelson
28%
5% Jan
National Breweries common..
7%
Jan
Jan
■;
15
25,300
.
14%: 15%
:> i" '.V;
preferred————
67#
Lightgo prior preferred—
Puget Sound Pulp ft Timber..
National City Lines common
Jan
2%
82
1,300
Puget Sound Power ft
N&tioiiftl
Feb
44
38,600
> v::j'; ' 10
16%'
2%
V-
Corp of Nevada—.
1%
Nachman COrp
53
450
2%
85;::. 85 ' '/•
Public Service of Colorado—
14%
—
f
•/ ••••
America-
29%
•'
Muskogee Co common
Feb
.'—:
•
of
Metals
26%
■
'•
/
2{J
18
-"-
Feb
:C
common-
144 %
30%
—
Mfg Co_—-——
Muskegon Piston Ring—
.
Murray Ohio
it
Premier Gold Mining—
57/«
Jan
14%
100 '
■
Pratt ft Lambert Co
10%
<i
•
10%
35
?
51
Jan
Feb
Jan
Jan
6,600
preferred-^i*--i-.i-.^-i-r-100
67#' 1st
4
10,700
2,500
50
(
Feb
27%
3,800
of Canada—
Power Corp
7% Jan
/:4r<<?25^
Alexander-
ft
8
4%
Producers-—
:
Mountain States Power common100
Mountain States Tel ft Tel——.
Mountain
"
;
Jan
10%
:
400
Pleasant Valley Wine Co—.
Pneumatic ScalS common—
32%
20%
v
'
Pacific
Can Co eommon
Pacific Gas ft Elec 8%
1st pfd..
43
28
5%%
1st preferred.—.
.25
Lighting $5 preferred...— »
Pacific Power ft Light 1% pfd—.100
Public
$1.30
1st
Service
-
—
12%
14
43%
42
■/
Jan
Shattuck
-
Jan
Sherwin- Williams
116% 116%
113%
Jan
preferred.—.———
Sherwin-Williams of Canada:—
Slck's Breweries Ltd, *-———-*
»
12%
11%
Jan
Pan
American
common—:
Pantepec Oil of Venezuela
*Nr«n»o»lnr
.*
27
Airways warrants—
Motor#
Parker Pen Co
Am shs—
4
Co
aiaereourg
new
Rig
——_j...—.—.5
"39%
y
•
Feb
25%
'
™
$1.48
Telephone
preferred
Jan
50%
—
t^nnroad Corn common..———
51%
48%
28%
8%
28
Jan
8;
Penn-Dixie Cement warrants..—
17
Pennsylvania Edison Co $5 series pfd.
$2.80 series preferred..
}
51% Feb
21%
Feb,
Penn
Power
Penn
A
com.
6%:
113% 114 5 7
Traffic Co—
Penn
&
Light 4 '/2 % pfd—
8%
Water ft Powfcr Co——
Peppereli
Mfg Co
hew
81
28%
15%
25.
——
pfd
Packing Co
Pierce Govantor
—
common.
Pinchln: Johnson Ltd
Pioneer .Gold
Mines
Piper Aircraft .Corp
Pitney-Bowes Inc..
Pitts BesS
ft L, E
„
Arc Shs
Lt<i__
com
——
i.
-1
■.
.50
page
10.
1186.
Z"5% ; ~5%
12
11%
1.3%
.50
Pittsburgh. Metallurgical.
see
5%
■
Zai!
RRl.'
footnotes
V'
115
Soufti
Jan
<
Southern
:
50
1,100
17%
Jan
Jan
21% Jan
20% Jan
975
28%
Peb
15%
.25
Feb
13
■'
',75%
45
J
.
=75%
25%
_
12 y2
1,400
25
77%
f
7%
»
•
'
Jan
32%
<
.
Feb
Jan
17%
Jan
30% Jan.
Feb
6% Feb
Jan ;
.••13—Jan-
•r>',«45/'.' Feb,'1,
,,1,140'' >"-73'% Jan
.3,150- •r—24y2;Jan
23%
15 y4
•
Feb
,-78% Feb
5.000
6%
16,100
13%
1,600
12%
4
1
10
Standard Dredging Corp common1.——1
$1.60 convertible preferred
—-20 j
Standard .Oil 7fKv.> .u**——***——^lf t
^
Jan
•
Jan
108
Feb
j 23'/a Feb
'"<•
15%
Jan
7% Feb
14%
Jan
Jan
7%
700
<7%
Feb
10%
Jan
57v34%
56 Vi
58 Va
-1,200
56%
Feb
62
Jan '
34
34%
*.
200
31%
Jan
>34% Mar
•"51
v
*
8%
~
:
49%
32
40
Feb
44
•
1,000
Jan
31%
Jan
32%
Feb
30V2
48%
31%
Jan
31%
Jan
150
11
t
>
"
11
Feb
>10 %
Feb
-14 %
\
Feb
1
1,500
*'
24%
,
,
7
1,900.
-
34%
•
39%i
7%
27
24% X25%
:
-
100
,.,6,700.
18 %
,L-
.
«
Feb
.
Jan
,12
Jan
16
,
I'eb
3%
.
Jan..'
24% Jan.,
.24%'Feb,.
Feb
43%. Jan
.
33% Feb "
800
4,100
Feb
2% Jan:
7,400
39
-
Jan
.13 %
jau
v2
Jan
14%
\
9% Feb
300
3%
35%
6%
"27. ,•
7%
**'..
1,300
10%
34%
37%;
'.
15
2%
•39
:
11
12%" 13%.
3
-
10%
•9%
v —
150
Jan
400
300
/ 11%
14%
10 V*
'
Standard Cap ft Seal common
Convertible preferred———
.
:
,
7% Jan
Feb
Jan >
5
Feb
Jan :
8%:
-
5%
Spencer 8hoe COrp
——*
Stahi-Meyer Inc—:—.———^
<
Standard Brewing Co—
—*-2.78
r1"-'47f Man<
;
13%
5%
12%
374
-17% Jan >
11% Jan
12%
Pipe Line—,—....—10
Southland Royalty Co—$
•
8,500
6%
12%
Southern
14% Jan
:
Pa Pipe Line—*.
California Edison—
22%
Jan >
Feb
13%
common
Oil*—*——*•
20%
•
6%
Jan
"
11,000
13%45
30?
"*5%
7,500
21
original preferred—*.
preferred B—
5%% preferred series C————28
Southern New England Telephone—lOO
Southern Phosphate Co—.—
-10
86% Jan
62
Penn
Southwest
Jan
9% Feb
Jan '
300
7%
Feb
>
>48 y-Jah
.10,1 Feb
Mar
.106
Co—**—-
Corp'———-———
Manufacturing .common—.
South Coast COrp
Feb<:V>-
£400
6%
...*—.
112
>27%
Feb
Jan
319
Sonotone
Jah
47%
4
Manufacturing
Solar
Jan
—
Pittsburgh ft Lake Erie...
For
29%
16
25%
Aircraft -Co—.
Bolar
Jan:
40%
;
common
Phila Electric Power 57#
•
18%
Jan
78%
,
Feb
14%
Pharls Tire ft Rubber
Pnillips
47%
Jan
7%
54
17%
113 »/2
.
preferred—.
3.90% preferred-*—.-——-U—.
Smith (Howard > Paper Mills—
Boss
f9
;
.
81%
54
47%
common..
Penect Circle Co—
Philadelphia Co
8%
convertible
54% Jan
'7 52% Feb
6% Feb
6%
-
84 h; Jan
'
Cas ft Elec class
29
9 r
17 v.'; Feb
<81
$3
•
;
8 4: Jan •>
18%
'"fcl.r.83
19:
-10% Jan
21% Feb
151
;;
Jan >
48
common.**—;—_—..-*.
Singer Manufacturing Co Ltd—
Amer dep rets ord regis—.
Sioux City Gas & Elec Co—
•:
Jan
28%
common—.
A^—
Jan
25%
Singer Manufacturing Co—*—.
M
'
Peninsular
110%
Simplicity Pattern common.**^.—
Feb
61%
'
Keei..
6i
Plymouth Mills
1
Feb
4'' 15
:
Jan.;
Simmons-Boardman publications—
/
Feb-"
10% "Jan
Corp.———,1
■
f
Patchogue
Jan
9%
130
common.——.
47c
Jan
26%
11%
-'
.
19% Jan
Shawinig'in Water ft Power..—
Jan."
Feb
8
8
Mining
38%
105%
,
Silex
Page-Hersey Tubes/new
Denn
41%
;
106.
—_2C*
preferred.—.
Jan <
106%
41
Pacific
Pacific
ii'hij-'-.Vv,
>•
13%
,44%
Jan
<8%Feb
;
27% Feb
i.
?6
.
Jan.,
(Volume 163
Number 4469
■
*
.
*
" *
THE COMMERCIAL & FINANCIAL CHRONICLE
*
'
NEW YORK CURB
RANGE
K Si/i-v
■
'
Friday
Interest
New York Curb Exchange
*
Last
Low
1185
EXCHANGE
WEEK ENDING
MARCH
1
/
Range
Friday's
or
of Prices
Sale Price
ji-V:jV
Week's
FOR
f,.v
•
Bonds
.
Shares
Range Since
New
Friday
Yorx
curb
Exchange
LOW
High
Week's Range
Interest
Last
Period
Range Since January 1
Sale Price
or
.
Low
'
Standard Power & Llght-...-.L»~~-~-l
,:k
Common class B
Kv
Preferred
Standard
Starrett
(T|e) Corpi/.
/
39,100
5%
3%.Jan
Jan
7
Jan
Feb
160
American Gas Si Electric Co.—
2%s s f debs
138
19%
2%
3%
76,100
7%
8%
3,300
10%
12%
5,700
600
...
23%
.18% Feb
1%
;
Jan
6%
iy-
4%
Jan
3V'2S
Jan
s
Jan
f
debs
s
3%s
Amer
Feb,
9%
Jan
7%
.
;
f
Co of Canada
Stein
(A)
Sterchl
& Co
Bros
^7 frmk
: 75
•
common
Stores
36
sterling Aluminum Products
Sterling Brewers Inc
's %
1
;,
200
,26.?; I
•("V 3%
Appalachian
7 Vb
7%
12'A
13%
•
19 Vi
19%
20
Corp
8
Stroock (S) 6c Co common.M.«.MW*
3%
(J B)
Stlnnes
(Hugo)
Co
common
41 Vi
Swan Finch Oil
Corp
36%
18
38
1
Jan
Elec
10
4%s
Feb
1st
M
5s
series
8%
Jan
Jan
14%
Jan
19% Mar
25
Feb
Jan
Boston
41%
v
r
3
■>
.32
1,950
3%
Feb./;
Jan
.
V; 44.%
42
5s
Jan
■
34
—
|
38
28
250
Jan
series
Jan
•
-
26%
26Vi Jan
1,750
II
34%
A5%s
15%
Feb
,$106
•"■■-y
110
J-J
103 Va
104%
J-D
103
«nnimnTi
Tampa Electric Co
_
,
109%
33Va
1962
Textron Inc
Service
deb
Tbew Shovel
Co
Jan
Tobacco
10934
110%*
15
H t—< 00
5
117%
119%
113
!
J-J
115
105
1966
II
107% 107%
'i
99 I.
100%
>/ 88
69%
:
88
108
398
-104
67%
MS
10
104
.v
80%
594
70%
V.
/ 194
106% 106%
-
F-A
104
103% 104 Va
A-O
105%
105
1053/4 i:::
5s—.——1969
A-O
106%
106%
106.%.'*
66%
-104%
75 J
.
73
106%
'1103% 104%
19
.
104
104 V
82
1
■
i-IVl 2
•
iflsa
105
106%
105 ya
106%
l;0 5
ser Q
;
(Bait City)—
Gas
$108% 109%
$108 % 110 ; lf;(iXvV-'
P——1969
ser
1st ref mtge 2%s
1976
$107% 108%
Gen mtge 4VaS—1954
.
v
123
•
■107%
123
109%
:>io7%, 107%
.•»*»■■■-.•
105
V'
1
1083/4
126
| 1123
Delaware Lackawanna & Western RR—
Feb
Lackawanna of N J Division—
1st mtge 4s ser A—*—*..1993:.
1st- mtge 4s- sfer B
1993
common........
Eastern Gas & Fuel 3%s
Product
Allied
105
108
—1950
....
5s
lst.xef mtge 3s
;
Roofing Inc
Tlshman Realty & Construction..
&
104
103%
107%
■
Tllo
Tobacco
101%
7
$113%
9% Feb
20
124
.
J-D
1948
5s
5s—
Consolidated
119% Jan
.v^..
...
,
123
3%
109% 110
A-O
1970
;
—
Conv
Feb
104%
109'/a .111%
1
'
2%s
Debenture
Feb
2
23
22
103%
»—« H t- em
M-9
W-9 /TFeb:
,
common
Technicolor Inc common
Texas Power & Light 7% pfd
Texon Oil & Land Cow—-i—
;
105 Va
106%
101 %
3
Q-F
Consul Gas El Lt it Pt (Bait)—
3 Vis series N— —971
Taggart Corp
llOVa
104%
.5
..>
104% 105
M-N
1998
M-S
'"
102%
107'/a 107 Va
m-s
.——.1954
-
High
*"
106 %
'
V
123% 123'A
.M-S
/ r
'
_>
!,..
106%
101 Va 101%-
■■•-j
A-O
§ A Chic a go Rys 5s ctfs (part
paid)_1927
Jan
14% Jan >
29%
$10470 105'/a
-
.-"VI
1957
C
Edison
Cities
27%
V;
1964
Jan
38%
Jan
Low
102
«
—
J-J.;*</■■ i 110%
195S
Bethlehem Steel 6s
Blckford's Inc 6%s
1,400
J<r
i860
Jan
12
2,500
3%
.
h
1953
B
7
5,000
-
Range Since
January 1
Sold
No,
■
Telephone of Canada—
7,300
/
$100 %
J-D
2024
Elec
Bonds
High
'
>
1970
Debenture
Stocks
76% 5
..'
81%
39 Vi
105%
107
$128% 129
128%
128%
106
107
•
107
..
Finland Residential Mtge BankIs stamped
^.1961
$88
106
106
49%
95
Gatineau Power
dep reca def jog..—.—
72
45
107
43
107
—1956
77
73
4314
1965
Elmira Water Lt & RR bs^..
Exports
Tobacco Security Trust Co Ltd—
Amer dep rets ord regis______
Amer
Pow
3%s
Bell
J-J
M-S
Assoc T & T aeb 5%s A
Atlantic City Elec 3'As
Feb
Feb
30%
1
Feb
8
.
29
Jan
30%
».—•
—
....
,
500
1960
1961
IA Central States Electric 5s
Sullivan Machlnery...:...^....^........*
..Sun- Ray. Drug.
Superior- Portland Cement, Inc—
Common
14/ 3
•;,:.76.::; Feb
Jan
2,700
7Va
12%
8tetson
Jan
24
,
10
1
1
—
,
29
600
't;
2
Appalachian Pow deb 6s.—
J 72% Jam::
50.
26%
25
1
Sterling Engine Co
Sterling Inc
37
25'A
.Fiji¬
1
common
/
deos
Writing Paper 6s
Associated
Steel
1950
—
18%
11%
6%
Jan
3%
.2,000
</■■■/ 220
314 ffi
„
1
*
,
18%
;
——1
class B,JZZZ--———1
TJube
4%
.4%
5%.
138 /146/:-
v
8
—1
Co
^
•
—•
Products
:
5%"
.140
.——*
Standard Silver Lead
Standard
*-5%
■
Friday's
Bid & Asked
High
;.-v.
Todd Shipyards Corp.....^.....
Toledo Edison 6% preferred
7%
preferred
Tonopah Mining of Nevada
Trans Lux
.•
Xl24%
120,/eXl24%
3%
_____
:
Trunz
•
7%
45%
Inc_
■
-.j..-
■
4%
107%
108%
$104% 108
105
105%
$101%;
101%
102%
45 %7
20
-*T
'
It
West
Hygrade Food 6a
4»A % 5
:—...
&
6s
series
Illinois
1st
Power
& ref
..
Gas
of
Union
Investment Co
10
:
Canada
v-
;
Chemicals
United
corp
Gas
4,200
I/-.:
;:%-
8
i
59
12
Feb
3'A
Jan
9 Vi
Feb ,1
9Vi
200
.8%
400
7%
Jan
20
24%
59
•
6,000
Jan
common.
•
•
8%
Corp
IVi <h 2
1%
*;
j
•
Jan
29%
"r
I t-
-in
34%
15
16
300
"
1
r:" 15%
7
27
%
«
:
-v- Jan
25 Vi
1949
$104%
106%
106%
ik--:/' ;v:i
5s
'4
38%
% 1'' 47
Jan
$105
3%s.
Amer
100
C
1941
1941
—108
Preferred
28
United Specialties common..
U S Foil Co class B_
S
3%
Graphite
'
80
47%
1941
j-5
.1952
J-J
.v.
-
'
-
18 Va
;:
is
5%
%
Jan
:
18%
Feb
V
18% Jan
i
27%
1,650
17 V*
Jan
46%
8,100
21%
16
20%
v
•
783/4
60
900
16
21
5%
6
84
'
;
,
v
,
91
94%
1,125
12%
15%
4,200
12%
4%
.1970011
U
Rubber
S
Reclaiming
%
United Wallpaper,
"fiOO
Inc
Universal
Insurance
—
__
Consolidated
Universal
43A
Oil—
0^:v:;
2
11%
—10
Utah-laaho
Utah
11%
'<•-!
Co———
37
6s
New
'22
Gas Light 4%s
Power
II160
Utility Equities common
: ■■
Amsterdam
.I
.
Gas
Jan
3,900
21
1,700
102
—
36
22%
^■4 '*
102
100
.
Feb
100
7V
2
24%
1
5 w
Feb
104
5s
Venezuelan
Vogt
■'¥>
—
,
T
72%
72%
A5 Vis series A
Power
1st
mtge
3a
1st
Feb
Ohio
preferred.
I
3 Vis
7
preferrftd
,
Va
Western
Coal
&
30
6%
5s
:X"t
i
__g
Coke
13%
95^
^1334
-—.10
"
1
Products
1
Cement
Woodall Industries Inc
American
65i
(F W)
For
Hargreaves
footnotes
I8V4
4
1121%
114
100
100%
100%
receipts
10:
27%
27
25
:
1,800
1st
104%
4
107% 108%
103 Vi 103%
V;
47
9
101
103% 104%
—
A-O
F-A
loss
F-A
1964
J-J
1977
M-N
1979
Af-N
,
1
5%s
105
3
108
1
$107%
J-J
(Can)
ua3%
>'
89
10%
Jan
16%
37
45
V
■;
Feb
/10%
■«
/
.
c
131/^
9%
10%
16%
10%
8s /
•
Harbor Water
Feb
f
Jan
24% Feb
!Southern Counties
•
*3 st
16'A
/
17%
Jan
Southwestern
29
Jan
Spalding
(A G)
Standard
Gas
Indiana
Feb
16%
Jan
Conv
8%
Jan
11%
Jan
Debenture
17 Vz
Jan
Debenture
14%
Jan
15%
•
pageN-1186.
"5%
't,
Feb
■
"5
,"534
23,400
Jan
23
167 •
—
•
6s
105% 107
170%
6s
gold
17\\ Mar
7
Feb
7
4%
Jan
6%
Feb
Feb
4
$100
..
,
..
993/4
.
107% 108
...
-
104% iii%:
125
125%
.
$103
..
7;
V106% 107
100%
107 %
V
/•!i 1.3
108%
105%
107
(Calif)—
&
Elec
St
1994
3 Vis
5s_.,
M-N
104% 105
.104%
4>
Electric—Iv.:;
May 1948
"
,
101% 102%
-
:
•
48
-v'
.f 104
100%
105
103
A-O
lOOTa
1003'8 101
100 Va
101%
1-951
F-A
101%
ioi3/8 101%
32
101
102
1966
J-D
104
}04% 104V2
19
1033/4
104%
—
Dec
debentures^
&
102%
A-O
May 1948
stamped
Power
1970
—1989
(stamped)
6s
104% 105
A-O
A-O
6s_,
,
Ltd
Gas
6s
900
170 V's
$125%
,
M-S
Ry 2%s
Gas
12%
-
106% 107%
101% 104
1971
southern
900
Jan
J-D
mtge 3s
Feb
Feb
10%
>
1
$l06Va 107%
Af-S
1963
Gas
Jan
600
170
a
J^D
1952
—1951
1951
1970
Edison
California
31
11%
._
3s
California
Southern
22%
.
170 V
3 Vis
Southern
Feb
16
;
103
105% 106%
6
•
101% 101%
..
A-O
1979
Jan
55
.
4%s
Joaquin Lt & Pwr 6s 5
Estate 6s
Scullin Steel inc mtge 3s
Jan
100
3.
106!A 106%
M-N
1952
San
Btandard
17 %
J-D
certificates
'fASchulte Real
18
16 %
101
106
New Jersey—
A
300
'•
(
J-D
...1949
Feb
;
19
39*4 Jan
24
Bafe
Feb
r 155
Feb
Feb
series
525
;
1964
perpetual
5 Vis
Jan
114
Jan
-
16%
107% 113
-.
Feb
Jan
:40
24
61%
Feb
33%
105% 108
305% 108%
—
of Colorado—
mtge 3%s
6%
106
87
108
Queens Borough Gas & Electric—
Jan
Jan
-140
Jan
•
1959
—
81
104
•
»7<8%- Jan
100
28-
4%s B
$101%
106%
104% 107%
.
—
107% 108
107%
103% 106%
.
9
" 105
108
104%
8
104%
$10514
—
107 3/<
46%
107
6
108
'A
105
106
104% 105
105
^
F-A
1950
stamped extended
46
17
■83-85
•i
/
.,101
101% 103%
—
104
/
104V*
;
J-J
1972
—■
;99
103% 105%
106% 106%
>«■
$107% 109
J-D
:
~98%: 101
•
20
$106%
102% 102%
1962
-
98% 100%
'
11
107 Vi 107 Vi
Zv-V;.:.. ■;/>;
".'U.
82
100%
107% 107%
4s
Power
Public Service of
8% Jan
Feb
..113... Jaa
150
24
12%
_
£i
see
..
,39
J/,
y'y
100 Vi 100%
V
I.1Q71
Sinking fund deb 4s
I
Jan
s
24
_
....
-
-,.;:45%
Ltd—
deposit
preference
Wright
I
•
2 /
1
Woodley Petroleum
Woolworth
24V4
42-
Feb
72%
108%
A-O
1970
20
Inc
Portland
i!
50
24%,
.
v~<;-
,
6,200
30
114
-
Winnipeg Elec common B
Wolverine
1414
331/,
i63i»
v.
Jan
.
..5%
.
f
1 :
Willson
2,100
r
Whitman
10
joVi
140—
33%
Weyenberg Shoe Mfg
Wichita River Oil Corp
Williams (R C) & Co
Jan
..6% Feb.
k,
140
20
(Wm & Co
Feb
800 ri;ipM49'
L.
Maryland Ryt% 1st pfd..l0fl
Stationery com
.♦
Westmoreland Coal—
9%
23%
30
500
2,900
52
ga/4
fl
Inc___u_.
6% Jan
19% Feb
,
70%
107%
115
$46%
■
250
5%
Western Tablet &
Westmoreland
500
•6%
Baking Co warrants
Knitting Mills
Wentworth Manufacturing
1.2s
West Texas Utilities $6 preferred*
West
1,300
114
•
class B
Ward
g
21
j
Waitt & Bond class A
Wayne
19 Vi
>
107
J-J
.
Public Service Co
71%21
103% 106%
106%
1968
mtge 3 Vis
lily.
Elec
100%
M
,r,„
(part paid)—.
Public Service
Power Corp
*t<t»
:
2
Portland Gas & Coke Co—*
cn
;.■
' ri
Wagner Baking voting trust ctfs ext..*
106%
114
J-J
Pennsylvania Water & Power 3%s_1964
Petroleum
Manufacturing
Waco Aircraft
105%
.
7 '
$103
108
99% 100%.
M-~N
Elec & Gas 3%s
Philadelphia
,V
115%
2.'
106 Vi 106 Vi
—
A-O
Park Lexington 1st mtge 3s__
Penn Central Lt & Pwr 4 V2S
•1st
5s
r
>: 115%
1
T.^K109-v-''yllO-..;
106% 106%
—
>■»
M-N
Y
Ohio
Tatapar Corp eommon^^.
convertiole
55%
107
109% 109%
..
M-S
Pacific. Power & Light 5«
$4
51
106%
.
107 Vi 107 Vi
1;'
M-N
.........
& Westchester Ltg 4s
North Continental Utility Corp—
Jan
5%
Jan
N
Feb
Jan
deb
N Y State
Feb
43%
p(
Jan-'
98%
iyiy
M-S
^-1---
n
5s
...
Jap
5% Jan
$104% 108
WiU'
•
..
J-D
New England Power 3Vis
New England Power Assn 5s__.
Debenture 5Vis
Jan
23%
28
100
4%
85.50 priority stock—
12'A
Feb
12,500
vi
M-S
4Vis
series;• A;
Conv
Jan
Jan
6%
21
7%
"
22
_
95%
.
New Eng Gas & El Assn 5s
5% Feb
Jan
9
Feb
24%
■ -v
37%
5%
*
Light common
-
102%
103% 103%
1
•
A-O
Feb
•
Feb
5
200
■£&
Sugar
Power &
1,500
6,400
20,800
23
22
.
Universal Products
6%
>10%
c
10
—r
5%
5
...
United Stores common
12
60
100%
—
115% 115%
1:
;ir*A
.
Feb
V; V'v. *7
&
JW
J-D
Feb
52Vi
63
•
Feb
17
«—
J^D
A%s...-_.LiLli
Nebraska
Jan
95%
89% Jan
13%
U 8 Radiator common—..—.
I
106% 106%
106%
M-S
Milwaukee
Jan
7%
Jan
94%
Jan
17%
: '
44
97%
60
47%
50
"
65-
48
-I- 48
i-
1969
."8
Feb
23
95'A
$48
MS
Midland Valley RR-—
;'K c.
Extended at A% to.......
Jan
48 3/4
Mar >
3%
6,000
I
101% 102
97%
■
J-J
McCord Corp deb
Jan
12% Jan
1,725
48%
183 i,
•:V;i6I5b
.1968
Light 3%s
Kentucky Utilities 4s
9% Feb
284
;Jan
•
-
...
—
—
.1957
5s
6s_
59%
49
coupon)—. .1952
Superpower 0s
;
:
¥'
55
65
("48
__
J-J
Kansas Electric Power 3%s.,i.L.„ .1966*'
Kansas Gas & Electric 6s
JjLS. .2022 •'
Feb
Jan
$50
50
.
'
■■Vi ■'■.,
Jan
-Jan
&y. 3%
•2,200
81'/a'
47%
■1
19%
8 ■/
1st preferred with warrants. mmmJt
$5
80%
] |
...
common
~3% S'-
W. 3%
56
.1957
coupon)
Jersey Cent Pow & Lt 3%s.~-_._.
Jan
11% Feb
1.
and International Securities.
U S
■-
284
1 :
'
Profit
10 %
56;
$50
V' "**'>W'~
105'A
107% 107%
—
F-A
.1952
Power
Debenture
$50
.1957
106
103 7/s
105
.1955
coup)
F
(July
A Italian
.1959
1
E
(Aug
Interstate
Jan
KA 0 0
8% Jan
—250
Sharing
preferred
10 |
United Shoe Machinery common.
25
U
20
dep rets ord regis
United NJ RR & Canal
United
e
%
100
103%
103 *i
106
107% 107%
Kansas Power &
100
106
103 Vi 103%
1963
Jan
Jan
100
-
106
1950
L
(Dec
series
A7s
Jan.
18Vi
31%
%
Feb
A7s
a
Jan
2%
Feb
15
-
24,400
■■Jii
participating preferred
32
3,100
25% 128
Jan
•:
Jan
30
Jan
WrX&
61,600
32
—
Jfli
common
106
5s
series
series
A7s
Feb
'63 ' (
:.
Feb
30
—■
warrants—
105%
5%s series B——... 1957
A6%s
v
:? r:A7s
75
f 104%
Jan
Service
-A6%s
;
Jan
'i ; 11 Vi
Feb
23
13 Vi
5;75
Hnternational Power See—
Jan
5%. Jan
•
Feb
59
23
13%
4,100
* 8'A
8
59
24%
4%.
10% % I 5,400
"
United Light & Railways
United Milk Products
$3
8%
1...
United Elastic Corp
United
9%
a /.
IIIIIlOO
Products
United
y
10
»
Union Stk Yds of Omaha
Aircraft
13%
;''%.4%
4%
..
Union
United
H 12
12%
'
Corp
,,73
Co—
Indianapolis P &
Manufacturing Co..
$50
i.
A~~...—Jan 1949
ser
1st lien & ref
Realization
1958
v
11%
15%
Indiana
Ulen
6s
B__
25
V
15%
Udyllte Corp—
1953
8%
42
•
preferred
Unexcelled
v
$61>A
1950
Grocery Store Prod 6s
4
3%
8%
warrants
convertible
1948
$108 Ve 109
Guantanamo
Corp...........
Tri-Continental
80c
A General
Rayon Co 6s ser A
/ Grand Trunk West 4s
Green Mountain Pow 3%-.——.1963
Trans western Oil Co
Tung-Sol Lamp Works
3%s A-——1969
Light
1
1957
103 Va
103 % 103 Va
25
103
1033/4
F-A
103V2
103 % 103%
32
103
104
1950
AStarrett Corp
F-A
1957
;
6a
inc 5s
Btinn&i (Hugo) Corp«m.„..
A7-4s 3d stamped'
Va.
VI■■..■„ 34
A-O
94
2
78
96
1940
J-J
49
—r
42
48
94
,„•'>
..
$42%
THE COMMERCIAL &
EXCHANGE
NEW YORK CURB
/RANGE
WEEK ENDING MAjRCH 1
FOR
■gggroteu.rsrmm
rsda
FINANCIAL CHRONICLE
#►
....
E;,; ;'/;:■//
BONDS
Interest
Curb Exchange
York
New
,
Period
Week's Range,
or Friday's
'Bid & Asked
Low
High
Friday
Last
Sale Price
— --
3%s
Edison
Toledo
.1946
N
J-J
Sold
Period
J-D
—
United
Electrio
United
Light & Power Co—
Railways (Maine)
-
.1952
A—i
series
6s
A-0
.1959
& cons 5%s
1st lien
United Light &
„
Low
F-A
-
105%
107%
108
lip
48
Danzig;
Af-N
$114% 116
—
v-;1"'".
114%
■
J-J
80 •
$108% 110%
M-N
}:;
$108%
—
108
$123%
—
122
5S——197$
1233/4
—
107% 109
■*
101% 102
101%
F-A
;r' A5%#
Foreign Governments & Municipalities
Government
<%
Interest.
New York Curb Exchange
Last
Period
Sale Price
-
v
Bonds
January 1
No.
Low
High
78%
7b$4
High
Low
.
x
Deferred delivery «t!s% d Ex-tat«re*t. 1044-tol mm.
ft
Ex-dlvldend.
$Friday's bid and asked prices; no
Range Since
Sold
Friday's
or
Bid & Asked
sale,
Cash
191#
,.—.1921
•No par v#l»e. ^
r
2%———201S
6%s
—...
?
Week's Range
'
Friday
9*''
m--
M-S
2008
stamped (Plan A)
reduced "to
interest
ARussian
BONDS
U
J-D
Rio de Janeiro
Western Newspaper Union—, »
6s conv s f debentures————1959.
i /a
A-O
J-D
Mortgage Ba rik of Denmark
Parana stamped (Plan A)
Interest reduced- to
108%
50%
M-N
1947
1947
—1931
:74-81
' 78%
•
,
—
J-D
5s——.
Traction
Penn
West
—
—
A-O'
-——2030
-I960
West Penn Electric 5s—
•
J-D
1964
Water Power 3%s
Wash
M-S
1954
debs
income
A5s
at/.;
stamped
Mortgage Bank of Bogota—
A7s (issue of May 1927)
A7s (issue of Oct. 1927)
116-
54
V 'i: ' / /. -u-; «,
(Plan A)
Interest reduced to 2yss
2008
•AMedellin
7a stampea
——19&1
,
$27%
■
M-S
6%s stamped,195e
(Peru)
AMortgage Bank of Chile 6s
Waldorf-Astoria. Hotel—
jk
J
V'.';;.
«#
f-A
1952
6%s stamped-
V'S-;-."--
Maranhao
108.% 109%
•
——1953
5s—
AExternal
'
.2028
.
Sid * A«k*d)
Port St Waterways-*.■/■'
ALima City
105%, 106
108% 108 ye
-
—
CoDebenture 6s series A
Utah Power & Light
V
i
M-N
5%s————————195b
Danish
Extended
41%,
1
105% 105 y4
—
**##<#
L
High
1
109%
$108
Sal# frln
*
f tiHkav'a '
##
January 1
No.
42
42.
105% 105%
—
.1948
—
4s__.
J
A-0
.1968
2nd stamped
A 7-4s
last
Range Since
V
Industries—
(Hugo)
Stinnes
Interest
Exchange
Curb
York
New
Bonds
Week
Friday
liiP/BO NDS;
,
sale# being transacted dmbsf amtum «ttt%
traded flat.
ABonds being
SReported in receivership.
\
dividend of $22.50, plu« stock distribution.
nsed above—"coa," certificates 01 #eposit. .*<•
HEx liquidating cash
Agricultural Mortgage Bank (Col)—
A 20-year
7s
April 1940
A 20-year 7s___
—Jan 1947
Bogota (see Mortgage Bank of) /•
ACauca Valley. 7s
1948
$80
$80
—
$26
J-D
—
30%
</
Abbreviations
-
27%
26%
.
"lU"
"M," mortgage; "n-v," non-voting
tlve; "conv," convertible;
//"wfc:Wheii:k!su!Bd;;^ww/?/wltb- warraatajwamedft
.
OTHER STOCK EXCHANGES
RANGE
FOR
WEEK ENDING
MARCH 1
STOCKS-.
Baltimore Stock Exchange
Last
of Prices
Sale Price
I
' »T O OKS
v-'/Zv":
Range
•
.
Preferred v t'
Mathicson
Range Since January 1
1,245
5Yz
426
500
28
168
Jan,
28
' 30
30
—20
Jan
4% Feb
■
Vernon-Woodbury Mills—
.•Common
6.75%
Fidelity & Guar—
B
100
33
102% Jan
Feb
50
Feb
Old
t
Pacific Mills
Colony RR
10%
70C
Feb
90c
525
473/8
Ja#
t
52% Feb
42%
Jan
23
Bl>nri»—
/•
5s
Jan
7
:
Feb
,44
1_
!,
■
?% <5
y vis
;
'
:
7iW
'it,
,/.»«
4
W
yyu^
Folding
i ■■•4
3!»
'$
——
-
-1
l»»*
*
■
-•
m.
20%
41%
y#^\
yy./
.
'-f
%'
#
»
f
3**
•4"
1
1
yy|%y
li%
:/4i%
'
-
It
%
$
■
3%
vV/3%
i
17%
19%
'% itfm.
3",
'«
y- '"ii
,/'//■
; $ #•*"*#
17
3%
3%
pfd—
Webster Inc
;v/ "
16%
Machine
RR 1%.
Rutland
41
I a**#
44
4%
—.
Mach
Button. Hole
v
|pfA%
74%
Torrington Co
,yy/j'|
»•#
f
y,y?
yy:$.2!,»
- %
.
•
'
■
41
Union Twist Drill—,
Si%
United Drug
(subordinated )-
20-yr debentures
4%
*'
_
3U*
11 ^.4
■
:
Reece
Stone &
Vernon-Woodbury Mills Inc—
Mt
;
if
j 10%:
41%
——1975
A—
■
1% ..■4%"
...
Pennsylvania RR
Quipcy Mining Co
Reece
Transit Co 4s——1975
scries
>
«r.
;
m
m
*
1%
Shawmut Association
Baltimore
W
1%,
kW'f.'0*$ 1>yy
130
.
■
■
*.
yytty:
*
1
127%
—.
Mining,,^,^^-.-
;
Jan
37
215 '
—20
National Bank——
Western
Butte
ilk %
20%
& Elec Assn—
New England Tel St Tel.—A™.,,.*
1
;73%;:
;-:2o%
■
1%
,,
SS y*
r'-ft
'
'
—25c
—50
American Oil Co—
North
Jan
21
Jan
16%
,
39
pfd—100
Amsterdam Casualty-—,——,—2
New
U
———,20
—
prior
cum
58
22
Inc
73%
21%
Cos
Service
New England Gas
: • 5 M> %
preferred
North
Mt
Assn
Nash-Kelvinator
National
Feb
175
Rac'g
Narragansett
28'/a Jan
6
Jan
34
Jan
Feb
22
100
C——100
25
73%
Mergenthaler Llnotyp4....fty,,,%».
■
it
}xtm
||;F4 %
29%
Alkali Works,,
High
Low
26%
4%
5 Vz
§*!##
.
High
-•
253/2
__
„•
—•
"Fidelity & Deposit Co—
Low
'
High
Low
Par
Arundel Corporation —;
—
v t c
Bait Transit Co common v t c
W«t »
Friday
Bales
for Week
Shares
Week's
Friday
/ 6
Boston Stock
Exchange
(
Sales.
Week'#
Friday
i:;/ % %
Waldorf System Iuc—
Warren (S D) Co—U
.
Westinghouse Electric Corp,—
%%
'■
.
■
/yy:'i
*•
ft'
f
yy'./Ti®
y:
3^%
itv•it- 33-%
.
J -ft (J
/:;■/«*'
^ *■ %
;
%
i/yyy ts y
49%
'
,
yy..
I »4
;r| b
«•>##,.<
,
...
■4 -I.'
A
; :/ §4%-.
's «s
71%
'
V
4^ '*
■
1'
Tf.
'"ft
%•••*
64%'
S
72%
Min com
1 5 i"
47%
47%
preferred
,)>
*i-;i '•*■
;
'
#1 '•*
60
U S Rubber
U S Smelting- Ref &
•5.(8%
41%
2#% 5)9 "ft
111% 115%
U 2%
f. United Fruit Co__
:
United Shoe Mach common
.?«««■
•'
U3
*
"
I'M*
#
\ yyy.*-ii
■
*
Last
8TOGKS—>
'
,\V
i,
-
<'s' & '.v*
u
V\ '
■
Rang#
for Week
Sale Price
of Prices
Shares
Par
" * 1
American
Woolen
Anaconda
39%
40%
50
__
5iya
185% 191%
188%
40%
Copper
—.——50
*/■--'
39% Feb
50
Feb
185% Feb
30%/Jan
43% Jan
210
2,554
,
280
47
1.250
45%
58%
195%,
56%,
51%
Jan
23% Feb
136
Jan
44% Jan.
80
Feb
37
Feb
97
44%
43 y8
—
High.
Low
High
Low
om,
;—*
Agri Chem Co corn———100
American Sugar Refining—
—<-10y
American Tel St Tel..
American
Range Since January 1
24
Jan
146
Feb
49 Ya Jan
.82% Jan
Feb
FebJan
Feb
Kwt'l
•*«**
Uit
guar*
far BNmH
Sal# Erie#
«f n**m
Friday
•
Bird & Son Inc———••
Boston
Edison
.
Boston
Common
;1%
V
"
81%
" isy2
/
100
RR——--^100
17%
17
Cities
878
100
1.012
330
22
18
.
622 '
STOCKS—
66
50
10%
io3/8
<
11
363
35.43 35.43
_
26%
-
—-,,,,-25
.25
is/a
,,
1%
Advanced Alum Castings
20% Jan
Allied Laboratories common-—-
21
Jan
22%, Jan
AJlis Chalmers Mfg C04,
American Tel & Tel Co capital—.
23
25
20
66
1%
Jan
8% Jan
34.86 Jan
100
144.
29% '
56
4
Jan
Jan
Jan
Feb
Armour
Feb
Jan
Aviation Corp
12%
37.91
34%
3
...
26% Feb
1% Mar
50
.
Jan
Feb
Aetna
Gas
&
Fuel
prior preferred
preferred
100
6%
——.
6%
6%
5%
1st preferred series
preferred class B
pfd adjustment
Eastern
Public
National
First
General
;
—100
Feb
;?o 1
Feb-
79%
Jan
6%
Feb
7%
Jan
145
103%
Feb
115
JaA
50
;
—
;V.V.Pf'tS'
,
Bearing
ft
Gillette Safety Razor Co——„omm
Class
Bakeries
class
30% Jan
20
160
20
43%
43%..:
35%
54%
;
Feb
.
28 3/8
31%,
54%
Maine
1
5%
vy: 2%
,-.--19
6%
%
7%
7%
13
»
t*
$ "#W.
"ft
>-if.
94
-v/:,
14
*
t km
?""»
ft
1
i,
*
*4
im,
■;
1%
I
% ft wjl-
^
11
4* ■*%
20
5
common
3'.»%
—•
10
5
Co. common,
Co common—
Aviation Corp common-
r
15%
12%
37
22%
21%
51%
si •*
15%
11%
21
22
23
Corp
Binks Mfg Co capital
T—
Bliss & Laugblin Inc common—.
Brewing
3®%
Feb
Feb
Jan
Borg (George W), Corp—^
Borg-Warner; Corp common-.
25
Jan
Brown Fence &
•>:.46-
Feb
,it-
393/4
Feb
,
Wire-^-
,
;
r10
.
i,"
1
—5
fling common——
—1
Burton-Dixie Corp
——1?%
Butler Brothers ——1
10
Common
Bruce Co
11%
2.126
Feb
64%
" >:
(E L) common——;
Feb
51%
Feb
—
(A M) common
Central Illinois Pub Serv $6 pfd.
/•\v?65c O'::10%
900
-M-.
V%-
14
1% Jan
3
1.050
Feb
'] ',:v
3.
Jan
100
;
/
52%
20% S
/;
■■
48
.
Feb
Central
4%
Jan
'
Jan
:>'18%
Jan
775
•
/
76J
11% Jan
12%
52
133/4
750
50
53%
165 - —50
■*:
Jan
■
Feb
Central S W UtU common-^—,—
58%
Feb
Prior
V, 22'/2
Feb
Pr^erred
111 Secur
•:"'i4
"56%
lien
Corp common-
preferred
14
23%
23%
2«
36%
-10
Feb
Central
Cherry Burrell Corp. common
States Pr & Lt pfd-.;
-ft
t 5 Ml
'.
*%
,
ft; %
h
#
f:'5 ft,
4Wa#-
24%
-go#
.17%
'•*
57.%
36%
%%
■
a
107
4%
-_Il
-50#
12!'.
:
31%
X.1%
110
193%
190
1 M%
2a.
%
■
ml
%
.
.ISftftr
ft
5
4.
at
It
A*l«
ft
♦ft-%
Ws-
124%
IT
IT
'tm
10t%
4
107%
t-
Jan
.J
43%
13%
•'
11
41%
43
14%
*#%
11
12
33% Feb
22% Jan
389
1
25/0
4
49'/8
20
/
—„25
;
17%
40%
18%
—,5
"
Central RR common—— —100
preferred
—-/:/■ ;■//: 3%
—•
Kennecott
LoeiTk
sN«4.-
>
{
IIO'
■
35
Jan
44%
275
46% Si
10%
T
Copper——
Copper
Boston Theatres.—
22 V
M
4%
25%
Mfg
Berghoff
I'
■
i
:
49
131
Feb
32%
230
57%
44%
57%
"
ft
B
13
Burd Piston
29%
f-*'
115
1
1
40%. Jan
25
•
/
"ft
"1
315
32%
:
/%■
A—
Royale
Isle
13%
tDeJawore)—f—
Seelig class A
Barlow &
.
"ft
:---—
Castle & Co
Hathaway
IS'%
2V
/';V4#
Associates Invest Co common
Bastian-Blessing
'/
12%'e-vian
Mfg Co common
Asbestos
ft>•«»■
10
11
common—
& Co common
'
,
»
—
32%.
20
•3 --;
j.;
Electric-
,128
31
•
■
130
124
ft
Service,,—
Stores
103%
IOO
6%
103% X106%
•—.i-1'1/"-/
130
100
Employers Group Assoc
Jan
common
:
'
1UO C?i
A__.
ft
Engineers
6V2
99
100
If,72/:/
100
Lines Inc common,.
SS
100%
„-,100
Eastern Mass Street Ry common.
h-
100% 102 3/4
17%
Athey Products capital
Automatic Washer common—
Bendix
Associates—
4%%
Corp
Ball
Belden
Eastern
JVtgft
Low
Adams
10% Feb
91
Jan
Feb
Jan
.
////• If ;:: 1%- V'./
(J D) Mfg common.
43% Jan
Jan
Jan
16
Jan
14
Jan
20% Jan
17
Feb '
100
570
-
64
•
———10 .?•
10
Service
22
17
„.
83
^5%
17%
19
18%
17
8%
6?
14%
13%
19
8%
80
15%
-
„
———5
Hecla_—————5
———1
Century Shares; Trust———-——1;
.Cliff Mfnlng Co,
375
39
8%
__
"
&
Calumet
378
?
Admiral
—_—,,100
100
nped-—100
8% class B 1st pfd stamped100
v
7 %' class C 1st pfd stamped,——100
aped—,,,100
/ 10%
class D 1st pfd stamped
imped--—100
100
Boston Personal Prop Trust—;
1st—— •
'
82
39
—_ _————,,,
Boston, A? Providence
3.201
46%
80
37
»
^
preierred,
——^.ruu
preferred!——,100
_100
prior
Stamped
443/4
82
"
class A 1st
5%
20
269
144
45%
■
RR—
>
——100
stamped ———_,r,10Q
Boston, At -Maine
*138
138
Elevated Ry
—,——100
fL——$00
orp———•
Herald Traveler Corp
•
Boston
23 %
23%
__
RR—,f .—^,,^—100
,„r—100
——*.25
;
—.—.—
Boston At Albany
»'*
ft
■'
My*"
'
For
footnotes see
page
1194.
THE COMMERCIAL & FINANCIAL
CHRONICLE
Monday, March, 4, 1946
NEW YORK CURB EXCHANGE
RANGE
FOR
1"' ?
WEER ENDING MARCH
'
BONDS
Week's Range
Friday
BONDS
Interest
Exchange
Curb
Last
Period
York
New
Sale Price
Bonds
Bid & Asked
High
Industries— "??■???
2nd stamped
,—-——1940
8tinnes
anuary
No.
A7-4s
United
Electric
United
J
N
:f; 42
"
•
Danish' 5 % s__
*3108
1949.
4s
Light & Power Co—
A
105% 107%
108
j^.%
Light & Railways (Maine)
108%
v
105%. 106
108% 108%
1952
Utah Power & Light
Debenture
>
$114% 116
2022
A
*
•
Water
West
Electric
Penn
West
lie'
114%
6s
f
s
_1960
5s
74
108
—
$123%
„
1
109
108%
122
32 '£
21% '22%
'
7s
,
V^'
$36
1951;
stamped—
(
$35
Mortgage Bank of Bogota—
A7s (issue of May 1927)
??'>
--
33%
35
■
'j •'
1947 :■
—
50%
1947
50%
$23%
50%
$50
1931
(issue of Oct.. 1927)
50%
SO'/#
30
50%
20%
23 %
•
106%
.1973
94
94
-2008
$37
39
2012
Mortgage Bank of Denmark 5s.
Parana stamped (Plan A)
\
Interest reduced to 2%s—
$37
92
S-;
'- •:
96
37%
??.'■''?/•■
37%
37
38
123%
101%
—
A)
Rio de Janeiro stamped (Plan
101% 102
101%
——1959
24
81
107%
$108 %
..2030
debentures
$21%
stamped {Plan A)., Interest reduced to 2%s—.— 2008
A7s
Union—
Newspaper
conv
80
$108% 110%
;
1964
5s
Traction
Penn
Western
>—78%
1954
3%s
Power
94
28
V}V
.
AMortgage Bank of Chile 6s—
dibs
income
A5s
96
90%
34
Maranhad
Waldorf-Astoria Hotel—
Wash
High
94
109%
Co-
series
6s
Low
17
:
y'
—
A
series
6s
$27%
AExternal 6%s stamped
ALima City (Peru) 6%s stamped
•AMedellin
United
92
—■—
Port & Waterways—
Danzig
v
January 1
"No.?-??
96
91
Range Since
Sold
High
$95
'
5s
;iv.
110
105*005%
1959
1st lien & cons 5%s
Extended
Bonds
Friday's
or
Bid & Asked
Low
48
41%
42.
105 % i05%
,—1960
3%s
Edison
Last
Sale Price
1
High,
ow
Week's Range
Interest
Period
(Hugo)
Toledo
,
Since
ange
Sold
Friday
•
Exchange
Curb
York
New
Friday's
or
4,1
'
reduced
Interest
Foreign Governments & Municipalities
—
•No par
„o Deferred delivery, sale.
value.
39
;
9%
9%
19l9v.
6%s
1921
A5%8
f
2%__
to
Government
ARussian
n
119,
9%
14%
88
9%
14
e Odd-lot sale.
d Ex-lnterest.
.
10%
10%
n Under-the-rule
iale
'
sale,
Cash
Week's Range
Friday
BONDS
Ex-dividend.
x
(Friday's bid and asked prices; no sales being transacted during current week.
Bonds
Range Since
Sold
January 1
A Bonds
No.
Low
High
SReported in receivership.
78%
78%
Last
Interest.
Period '
Exchange
Curb
York
Bid & Asked
Low,
New
Friday's
or
Sale Price
High
,
$80
__
J
$80
;
$26
26%
30%
27%
,
I
used above—"cod," certificates
Abbreviations
.
II
"
liquidating cash dividend Qf $22.50, plus stock distribution.
!IEx
Agricultural Mortgage Bank (Col)—
A20-year
7s__
l—April 1940:
A 20-year
7s_—
Jan 1947
Bogota isee Mortgage Bank of)
ACauca Valley.7s—
.—1948
being traded flat,
$Jve; "conv," (convertible;
"cons," consolidated; "cum," cumula*
or deposit;
mortgage;?Vn-y,'!?nbn?votin$ stock; 4,v t Q^^ Ybting t^ust certifloatesi
without warrants.J
>"W V* when Issued; *'ww,M with warrants;,
OTHER STOCK EXCHANGES
RANGE FOR WEER ENDING MARCH 1
>
last
Baltimore Stock
Week's
Friday?
Range
of Prices
Shares
f^§Si;.P«r
f; '•
Bait Transit Co
Preferred
t c
v
common
4%
4%
426
28
500
170
%:■
'170
22
Jan
28%
Feb
Feb
6
Jan
34
.
Jan
■
168
1175?:
Jan
58
100
39
16%
100
Jan
21
Feb
Jan
American
U
Oil
Co—«.——
Fidelity & Guar
£3
Bnnrft-
Butte
—
34% Jam
25% Jan
flm:
525.
47% ;Jau^
,
495
4,200
650
127%
130
1%
Old Colony
1%
127%
Feb
320
112.
-
-
475
1%
127s
Mining
133%
Jan
932
2% Feb
11% Feb
185
80% Feb
11.965
10%
Pacific'Mills
11% ;
72%
74%
41%
——
Jan
Pennsylvania
Jan
Quipcy. Mining C
52%
Feb
23
'
■■
Cos
England Gas & Elec Assn5%% preferred
90c ;
Feb
70c
National Bank.
Western
Service
37
33
50
High
29 % Feb
20% Feb
60
230
230.
44
Jan
102%
215 "
2
25c
50
Casualty
Amsterdam
23
Inc..
Assn
Nash-Kelvinator
New England Tel & Tel
.
New
22%
20%
Narragansett Rac'g
National
Feb
"
North
75%
20%
Low
30
73%
)3%
,
—20
L
pfd
6.75% cum prior
v, '{-I "y, • V: ?/■•
' r ?'
29%
!9%'
High
Jan
25
Range Since January 1
High
Works—
North
*
Vernon-WoOdbury Mills—
Common
5%
30
Alkali
New
"Fidelity & Deposit Co_———20
;Mt
Low
245
26%
"28
100
Skies
Mergenthaler Linotype.—
Mathieson
Range Since January 1
High
25%
—•
t c
v
Low
•
Arundel Corporation
Shares
Week'*
?
Low
oto
for Week
Sale Price
STOCK»?'.??'
'
for Week
of Prices
Friday
V Sales
Last
■?;.■
Rang*
Sale Price
Exchange
RR
Feb
?
Mach
Button, Hole
Reece
16
Reece
42% Jan
Feb
Folding Machine
Rutland RR n% pfdJ
;
'
3%
47%
1.868
5%
Feb
1.090
6%
Feb
209
-
17%
Jan
17
3%
4
1.000
Jan
3%
600
3%
Feb
17
18%
686
19%
Feb
18%
20%
41Va
1.219
75
23%
Jan
41%
41
43%
200
3%
—
Shawmut Association
"*
4%
-
|
8tone
Baltimore
5s
Mt
1978
Transit Co 4s
Vernon-Woodbury Mills Inc—
Union'
(subordinated).
20-yr debentures
4%
Inc
Webster
&
Torrington Co
-1975
A
scries
i——.
Drill
Twist
„
United
Drug Inc—'
United
Fruit
United
Shoe Mach
.
common
—.
46%
64%
66%
com.
•71%
73%
Waldorf System Inc———.
Warren (S D) Co————.—„
•18%
preferred
6%
U S
Exchange
Week's
Sales
Range
for Week
of Prices
Shares
Last
Sale Price
STOCKS—
•'
.''
"
American
Par
'■ f
08
—L.:
•
Agri Chem Co com
39%
Sugar Refining——100
American Tel & Tel
100
American
'
American
Copper
LOW'"0i
58%
185%
Feb
280
30%
Jan
56% Jan
.1,250
43%
Jan,'
5I7/s Feb
23%
Feb
24
Jan
146
:
43%
47
23%
23% v
Chicago Stock: Exchange
1
& Son Inc
Bird
—•
Boston & Albany
Boston
RR
^
-100
———————————————25
Edison
.
Boston
Elevated
Boston
Herald
Boston
&
—100
•
Ry
Traveler
Corp
X138
144
v.'-
:
80
82
37.?;
.
39
20
136
269
3.201
46%.
RR—
Maine
V,,
:'v;
:
44%
Jan
378
,??>
80
37
Feb
Last
Feb
?
<82%; Jan
43*4
Jan
Adams
(J D) Mfg
Admiral
Corp
-
stamped
Common
7%
.
prior
5%
.
100
—-
class A 1st preferred
preierred-
81%
80
15%
15%
class C
10%
B
1st
15%
1st pfd stamped
class D 1st
Personal
•;?
19
—100
100
17
is
Jan
Aetna
20%
Jan
Jan
21
Jan
Allis Chalmers Mfg C04——{■
Jan
22%
American Tel St,
23
Jan
Jan
;'.?r
;
Ajrmour
25
Jan
Asbestos
14
100
20%
,
Jan
17
?
Feb'
Jan
Bearing
Ball
&
Co
common
RR——100
Providence
65
64
66
10%
11
35.43
35.43
:
50
,
&
——5
Heel a
10%
—1
Trust
Shares
363
Cities- Service
10
26%
29%
Cliff
25
1%
1%
34.86
50
Mining Co
cpmn?Q.n
26%
Jan
Jan
V-
Feb? ??
1% Mar
preferred
6%
Eastern
^
Masi Street Ry
1st
6%
preferred class B___
pfd. adjustment
5%
Eastern
SS
Lines
series
Inc
A—
Public
100
Feb
12% Feb
37,91 Jan
Aviation Corp
34%
Barlow
3
Jan
Feb
Service^,-
73
;
103% Feb
70
79%
6%
6%
Feb
103%
Feb
124
115
130
—
■
—
7%
11,5
32%
20
43%
43%
40%
35%
32%
Feb
National
————*
Stores
-' 57'/a
54'%
"
44%
29%
28%
31%
^afffcy Razor Co_.
Brewing
Mfg
Co
.
AClass
B
—T———•
-Isle
Royale Copper
—15
Kennecott Copper
•
Loew's Boston Theatres____—^^_™_25
Bakeries
class
10%
2%
Brown Fence &, Wire—
5%
Central RR
common-—
100
preferred
For
footnotes
100
see
page
1194,
4
49%
—.—-.
t
Fiston
48
?
.
200
..
200
77/»
12%
Jan
•
5%
15%
Jan
49
7%
:49
Feb
15%
Feb
64%
Feb
44%
Feb
51%
FCb
Butler
22%
Jan
33%
1
—.--5
L. 500%::
20%
37 '?
23%
.51%
8%
Jan
14%
Feb
Jan
21%
Jan
Feb
■
.
34%
Jan
38%
22%
Feb
? 26%
?
51% Mar
300:
„
?
?:
14%
Feb
20%
Jan
29,
Feb
20d
300
157/a
22%
2,450
300
19%
^2,500
46% ? .};■
IT
12
41% ' 43 %
12
43;
200
:
.
14
Jan
Central
Illinois Pub
common
£erv $6 pfd.
Jan
3
Feb
Jan
Central 111 S^cur Corp
4%
Feb
775
48
Jan
Central s w utjj common-^,,;—
58%
Feb
Prior
Jan
,22%
Feb
14/: %■?
'17%
27%
■
Feb
76
13%
750
52
50
165*
18%
"11% Jan
50
Jan
Feb
Jan
'35% Feb
15%
Jari
'22
Feb
Feb
55
Jan
9%
Jan
12
Mar
23%
24%.
650
? '
•
41%
Feb
45%
Jan
10%
300
56% Jan
lien
23.%
26
27%
—10
36%
36%
*
Preferred
T4
20 Va
12%
Jan
57% Jan
46 Va
;•
1,150
:■?; 450 ?■,:
13%
—10
Brothers
1%
20
Jan
Feb
9%
100
.
|30 %
46.%
-1
.12%
3
'
Feb
19%
?.
.
Jan
16%
27%
Jo,n
Jan
32
Jan
Feb
Feb
Feb
19%
?
Burton-Dixie Corp
10%
Feb
Feb
7
1,050
.2,900
21
,
Jan
A
29
.
Jan
193%
16% ..800
15%
I.1-5: v '
56%
Feb
-100
; 13
Feb
Feb
6,500
'?
14%, Feb
•"25
185%
-
3,100 ??
14%
49
; 17%
Ring commonn--v
Jan
900
:
48
-51%
i
Bruce Co (E L) common.-,..
54"%
13%
53%
Feb"
22%
'
—1 v?
1,050
52%
19%
36%
—L—1
Common
Feb
275
65
2%
3%
—
Maine
11%
? 10%
20?
—5
Corp,
Castle & Co ( A M)
Hathaway
?!
Borg CGeorgq W), Corp—
Borg-.Warner, Corp common
Feb
39%
Jan
Jan
700
1,300
7%
^10
—,
capital
13%
13%
1»1
common^
Binks
389
46%
Gillette
' ~
5
Corp common^—
2.126
57%
General.- Electric
Co
Feb
22%
n
9 ; •;?
Bliss 81 Laughlin Ino common—
Burd
First
8
common
common
10
15%
HII4
Jan
Jan
32%
Bergboff
Co
Jan
1,550
6% ? 67/a
Jan
30% Jan
20
Aviation
20%
19%
13.
Seelig class A common
Mfg
Feb
49
iDeJaware)—
Bastian-Blessing
Feb
16
(185% 189%
'
8s
19%
2,300
Feb
Jan
31
20
«
•
—l
72
6%
_100
—
99
100% 102%
103% xl06%
-1U0
-100
common—^
Employers Group Assoc.,
Engineers
73
——100
common
6%
preferred
100%
?
^—
Athey Products capital
;
Bendix
100
Zioo
High
17% Jan
20
12%
:
Associates Invest Co common-.
Belden
Eastern Gas & Fuel Associates—
•4%% prior preferred
11%
Mfg Co common
20?Jan
66
-
56. ,.i, Jan..
> 8%
"?:?•; 100
v?:?.; 144
rio
.;. 48
Tel Co capltal^l-
Automatic Washer
Calumet
-Century
17%
i
'
Boston
16
•
Range Since January 1
Low
:,19V :
Allied Laboratories common.—
13%
622
91
Jan
570
22
Advanced Alum Castings
S
Shares
Hioh
1
—-
Jan
..
330
18%
22
Trust
.
10% Feb
.
5
common—
16
1.012
? ?.
Low
~
common-
14%
100
.of Prices
19
-
6?
878
-
17%
17%
17
pfd stamped
Prop
17
100
pfd stamped-—
8% Feb
19
>
83
100
100
class
7%
;
8%
—rou
Stamped
8%
Boston
8%
~
for Week
Range
<
Sale Price
STOCKS—
Jan
Sales
? Week's
Friday
Jan
49%
Feb
375
?
.-v
723
Feb'
2,554
44% K
75
50% >'>•-110.'
35%
Feb
195%
51%
40%
110
19
45% Jan
'
185% 191%
?
49%
33%
130-
"246
•
High.
39% Feb
50 .? Feb
210
—•
——
Smelting? Ref & Min
?"
Range Since January 1
>•: '
97
.
—50
Woolen
Anaconda
-
40%
50
-
Westinghouse Electric Corp
;
High
550
47%
———.
562
81%
U S Rubber
Friday
*
80
.
Boston Stock
160
28% 29%
111% 115%
Co
43% Jan
common-
107%
.107;
4
us.
12%
,11%
107%
-» 4%,
12%
119
preferred———
193%
—•
Centra} States Pv 8t Lt pfd-i.—
:::-5
Cherry Burrell Corp, common
>13?
kij4;:
124
19Qj
193%
-? 13:
■
'*0*
21
300
,
%
r
.
....
Feb
4'
Feb
"v "
10% Jan
t
2,310
-115
184
.
:?
-
Feb
Jan
.
r
5%
Feb
13%
■
2,800
,
41% Feb
"*113
Jan
Jan
xl07
360
ii
Mj Jan
33%
50
>
22%' Jan
25
800
.
170
13-
-
..
Jan
124%
Feb
196
Feb
13
Mar
16% Jan
lou.V. 20
Jan
'■» 22' .7 Feb
20
Volume 163
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4469
1187
OTHER STOCK EXCHANGES
."•-RANGE FOR WEEK ENDING MARCH
Friday
Last
STOCKS—
Chicago Corp common—
IV;, Convertible preferred.,*—
•>''
'.Chicago Elec Mfg ''class A' pfd——.*
Chicago-Flexible ShMt -common—
?f Chicago Towel Co conv preferred—i*
Common capital
w^'_* >
7
.
'•••
•
42
Co
oervice
82
...
Feb
;
,
48%
;
82
267/8. Feb
Unlisted Stocks— .'
,./
Jan
Jan
Jan
.79
900;;
Feb
117 '
34% Feb
>
•
com,,
;* Coleman (The)
Go Inc—
Commonwealth Edison common
Consolidated Biscuit
Consumers
Crane
Cudahy Packing Co—
' 4ya% cumulative pfd
.
1
17 ;
'
.
Bethlehem
40
9% Mar
'•
„
39%
100-
:-,'25r-
100
78%
40%
10%
11
36%
36%
.20%
21%
1,600
44%
47%
1,700
—
•
21%
50
,•:
Corp
(Glenn L)
'47',//;
/C'.,
*
Corp
Cohn
&
com—_j—10
Inc
100 V"
23
26%
Jan
Pullman Incorporated
Jan
Deere
-
&
common,'
Co
10":
_■*
—
Domestic
;•!
Industries Inc
class
:£ Eddy Paper Corp (The )_i—!
A
11"
Feb
16
Feb
28%" Feb
30
Feb
4,650-:
5%! Jan
*
15
Fits
Simons ,&
Deck
Flour
Co
Miiis
oi
Jan
65%
'28%
10%
v
General
Motors
General
•
75
'
Jan
10
1
common.
Corp
common
Adv
common
16%
10
-a*
Outdoor
Retngerator Co
Gillette
Safety
Razor
(H
Co
W)
•
Heileman
Werner 'Motor
Hibb
Spencer
Horders, Inc
25
1
Parts
Brick Go
•c
Steel
-1,660
capital—
59
20%
—
22%
57%
20%
>7: ■'
•
-/V
•23'A
31
19 Vz
^
20
17%
22%
,34:
Q
35
6% preferred
13%-
27%
33%
€
Jan
Feb
Feb
20%
120
Feb
Jan
:/39%
Feb
6
/
16
12%'
.
1?%
'
U1% /
55%
-
100
12.%
•6%
Jan
•40
55 y4
55%
110% my4
.
-
8%
Jan
55%
Miller. At
7
10%
11%
Jan
Inc
Jan
>14%
14%
19
Feb
12%
Feb
15
Feb
::
—
16% Jaif
;
45
Chemical
Monroe
v39 %
21
1
,C
1
/.Muskegon Mot
Co
National
Jan
14%
;!
common
.
preferred,,,—0
Cooker
7
Feb
Common—.2
Jan.-
Car
20
21
Feb
23%
,»
common
62%
29%
/
.
,./■>/
62%
Feb
69 Va
Jan
27%
Feb
34
Jan
66%
/;/
—
Jan
72%
Jan
comraah^4^--~T
Nor West Util 1% preferred
*—100
NUnn Rush Shoe- common———2 %
28
135
>25// .25%:
Jan
'
11%
12%
170 /;
27
11
5,100
13
10%
2,556
•/ Jarf
14
,:>
12%
:.
Jan
111%
Jan
.1
60
109
Feb
Feb
16
Jan
5%
23
Jan
5
Feb
200
•
109
Jan
14
;
Feb
6%
Feb
115
110
•/ Jan /'/
Feb
Jan
15% V.-.H' 481
14
Jan
17
92
182
89%
Feb
95
Feb
12%
480
12'A
Feb
13%
Feb
38%
50
38%
Feb
38%
Feb
16
15
Jan
>16 /
Feb
12
Jan
108
/-Jan
•
12
>-'■
20
—>-**
110
V>
98
—
Jan
101
•
>
Feb
37
>
•;.
Jan
61
Feb
"4%
v
Feb
13 Va
v
Jan
Feb
5iya
Jan
447/a
v
Jan
49%
Feb
i'/:
-
7% ;./>/;• 112
31
Feb
24%
48%
.165
%
Jan
110
Jan
Jan
Jan
12%
4% Feb
11%
.125
...
.
:
Jan
57'
/
119
30
*•';*/'*&-[
,
29 Va
33 >• •>:;
48%
7
Jan
.;
Feb
80 >A
70
51
119
—
19%
46
V,v%v. V',
gtd—_
>
uy4 ;./>./.' 20.7
>47%
■
>; >/>
4%
u%
49%
,:•:>>.>:—
—;
>7 ;• 15
7 135 r'
58
4%
..
•'
:
.
375
30
58
'mi.**
>'
12%
29%
•;
•'{
10
6 %
95 Va
f-i\
/
16
w. M.
V
Jan
41%
38%
—
>■
Miami
1%
23%
12 »A
Yards.
——
*
■
/••
^14
19% >21%
•
Feb
'
>114
109
—
■
Jan
7 41%
225
37/a
%
High
21%
177
14
14
6
Low
8
-
114
Range Since January 1
--v
43
110
>-»
>>.:
23%
15%
6
Jan
8
'•,/>>>•:.' 19 ?:-• .,118% Jan
28 Va Jan
95
598
61%
Feb
■
120
;
34%
••
Feb
Jan
Jan
:!
60
250
Feb
250%
Feb
■?<
300
29
Feb
>30%
Feb
.J."
840
v
—"
Feb
70%
6% Jan
>
>62% Jfan-
8% Feb
67% Feb
32% Jan.
American Rolling Mill
Ice & Fuel
Jan
Columbia Gas
30%
■■■■■,
28%
31% "
33
Feb
Jan
52
Feb
Jan
13%
Feb
27% Jan
33% » > >94
•28%
27%
291/s
11%
:
10%
12 M»
635
>15%
15%
50
70
76%
/,*.**
;
,
Crosley Motor?
Feb
—
General Motors
Pare Oil—
Feb
%
42%
:S0
12
.
Bank
City
Jan
.
High
41%
•
preferred
Standard
common.
Shares
Feb
23% Jan
300
Sales
for Week
of Prices
89%
Stock
Cities Service'
32 V
>Jan
Exchange
Range
.
' Jan
v: 16 y2
Bancorp
Mfg
Feb
36%
Feb
/jKDBlWted--' >>;:>;Z/:>.
53% Feb
^orth
Oafc
40%
0
,
Preferred
'
'
300
Jan
Jan
■
Week's
..
——
Western
■
40
50
;1 worth west
100
19
'
Jan
'/>
Feb
common—
/
/ /•36—Feb
/32% -Jan
41%
Corp
/
Rlayiiig £ard————*u
US Printing^-***-.—,*—,*«
Feb
10
Illinois
30
.'/
Feb
1,600
S
Jan
55%
'
MV* Feb
9%
18%
'
Standard common^
Northern
Jan
15%
Class B-—**
Feb
16V2
:'.•'
/. National
American
23%
35%
2,200
Procter &> Gamble—.—..
6% preferred
Randall class r A-——.
Feb
,-25%
Jan
16% Mar
Spec class A,,/——
Pressure
Feb
7
Last
P—..
Union
'•J' ^
/ 23% Feb
.:
V.v:
{
20
—
*i*—i
Little
7.\s.V
46
Jan
5%
10
l
Co
Feb
/•V2-0%/Jatt';:.'-;.
common
Brewing
900
16%
27%
*50
.
Crank—',
Lunkenheimer
49% Feb
47
Feb
'
Feb
VjV
T.
Art
Leonard
Jan
Jan
&
Kroger■'Tr-
Feb
Feb "•• /
v
O
1st
Jan
13
com,
$1 prior preferred
Z". Minneapolis
21
Feb
14
%•
*;
Ball
Kahn
Feb
'12
/''•>, j''1'.
l,
Hatfield
Feb
24%
v/ >49%
Jan i
-
N
Gibson
Feb
•
Gorp capital,'^,
Ha rt
67
62%
,**!
—
Formica Insulation
Feb
111%
7%/Jari
46
•
Prod
Feb
Feb
_
Early Ss Daniel
Feb
,1
common
Food
71
59%
Sale Price
,—.
Eagle-Picher
Feb
13
Feb
110
-20
Mar
16% Feb
Jan
100
10
Field
West
58% Jan
100
— -
25
*
200
3%
Dow Drug
Preferred
'
M'ddle
_*
64
59%
20
*
''
14%. Jan,
•
1,250
'
8%"
8%
'
9
/
Jan
19
7% preferred
Marsnali
Jan
62%
59%
■
23%
Crosley Corp •—>
Crystal Tissue
44% Jan
•
•
Jan
35
Machinery.
-•*,
/
Cincinnati
Feb
16%
•
,
f McWilllams Drtdging -Co/common,,,^
Ma pes Consol Mfg capital
—*
/ Mickelberry's
25%
Feb
Cincinnati Btreec
Cincinnati Telephone
Jan
Jan
"Vv-
,
Cincinnati
-
;*
—
Lincoln
r
Feb
27%
Cincinnati Gas & Elec pfd
Feb
10%
Laundry
Churngold
Jan
13'"
■
:-•
:Co';i'commoife—
Lindsay
vf
I";
—100
LIbby McNeil & Libby common
Printing Co common;,
Light & Chemical com.,
'
22%
r
'V
Feb
:
Unlv common,———5
Ext
21%
1,300
American-Products/
JBurger Brewing
Jan
Jan
34
650
1,000
-
9
15
Switchboard .common——
•
Tube & Lamp com A__—
Kentucky Util jr cum preferred.L_T_,5o
&
1,700
30
Industries
American
Jan
:60
33
200
—
37
8
J
Kellogg
Salle
Aluminum
Jan
Feb
17 y4
1,100
16 y*
——i-w—>:
Cumulative -preferred
Jan
22 y4
Low
Jan
8% Feb
750
18
•/3A.>/
Ken-Rad
La
21%
27%
32
STOCKS
Feb :
23%
Jan
•>'31
50
8%
8%
—1
■Kata, Drug
Leatb
Jan
24%
Jan
Jan
vV:v('f
?
44
32% Feb
29
%' Jan
16
300
i
Jan
55%
200
-
31
-
:>
400 >
,330
.
25
.7/7/
--
—10
common—1
-Warrants
20%
Feb
Friday
"
Prod
Feb
Jan
38%
Cincinnati Stock
'
common—>,'*—100
lndep Pneum Tool vtc new^
*
Indiana
22
.
20%
100
.21
.*
Illinois Central RR
;
25
20
21
59
Hubbell
Illinois
25
21%
,8
25
Houdaille-Hershey common—,
i—*
Harvey Inc common-;
,5
ttupp Motors common (new ),aI——.i
'
Feb
13%
*
U S Rubber Co common,
25% Jan
10
Bartlett-/common
(iommon^L
Feb
51%
100
20'A
>
20%
brewing Co G capital
Hein
'
12%
Feb
,100
•
common
Feb
26
common—
Harnischfeger Corp bdmmon,,.
?
Jan
45%
V
15%
*_•
Jan
14%
common.—___ 1
common,—*
Great Lakes D <& D common,—,—,*
;
Feb
23%
Goldblatt Bros Inc common,,,,—
Uossard
Jan
7%
1,100
48
38%
—
79% Feb
""
Gibson
common
Feb
mc
Corp
106
Jan
&
Auto
Finance
-General
Jan
94%
■..
...
Feb
110
Feb
48%
1,950
*•:
denerni; Candy -class
•/
.'i
KP/a : Z 2,400
23
51% Feb
Jan
Feb
27
Jan
Jan..,
104
Feb
5
18
43%
>'
16%
*■-'
—
Standard Brands common
Standard Oil of N J
Rt.udebaker Corp common
Jan
16%
■
Feb
18
(The)
42%
Feb
Feb
—
of America common
Republic Steel Corp
Feb
61
22
America
Radio Corp
>
Feb
•
Connell Dredgd
Drive
8%
;
21%-Jan
90
5
common,,
Four-Wheel
50
52 V*
Electric
>
Feb
13 Va
100 ?
r
.1
Household UtilCorpii
Elgin Nat Watch Co__—
>
Dec
46%
350
Dodge Mfg Corp common new,
10
Doehler-Jarvis Corp —>•/*—_>.Z.^ZA4iZSJ
:'
12 %
22%
—,
.
Pure Oil Co
.
Timken
F eb
72%
:.
:'495
20%
20%
Jan
33%
27%' Feb
7
34%
Feb
14
Jan
9%
Jan
15% Feb
>
-
82
42%
35
58%
Bearing-
287/8
79
41%
--'VsKV
Brands
Roller
845
>
58%"
•70
•
Feb
20%
§
Feb
•§
Jan
80
Feb
Feb
19 Va
Feb
41%
>58%
Feb
23%
Jan
48%
Feb
65%
V
Jan
'
•
f
:
Goal^o
Pe^hodv
•■'
Pennsylvania
,
class
RR
Poor
Co
&
capital—^
50
class
Bl————-—.*
Pressed Steel Car
>
-Process Corp ■( The) -«common,i._'_-.__'iL',*/
:.J
Packing' common
Rath
8%
;
..
6%
..."
,
47%
96'
'25
Feb
Feb
Feb
Mar
9%
Feb
V/
/ 29%
Feb
25%
Feb
6% Feb
®°:
.33%
•2i
',21 " Feb
21
100"
30.
250
29
2,900 '
36
s
.
Jan
;•
//';
,>
•■"//
V
.'/
Addresso-Multlgraph
Electric
Co common.
Sears Roebuck & Go capital—_.
Sangamo
Serrick
;
•
Sinclair Oil
South
Leui's
:■
r*
.1'
'•>•'
Strand-Co
Corp
Lathe
41%
.
-
11°
.10 '
" 600
>
Jan,. ,31
a
9%
>
Feb
Akron Brass Mfg
Jan
Jan: >
Jan
Allegheny
.'17
7
17%
"■■/•;350^
>1,500
■
iT
,17%
Jan
17%
18%
33%
34
200
21
22%
300
21 ?- Feb
•
Dredge—/
4
capital
38
--ISO
37% Feb
>;
•;
•
,
,38%-
,
20%
B
45
>
'
»
common
—1
Jan
Cleveland
liffs
Jan
Corp
Standard Oil of Ind capital,
.
10
Sterling Brewers Inc-common,
26%
18%
20%
—«{
Corp capital
Trane Co
(The) common
o
25
25
6
208 South La Salle Street Corp com—*
Uiikm Carbide & Carbtih capital
United
Light & Rye w i_.
20%
X38
39
,
V,
'
;
/
I
44%
K'9%
■
:
Jan
18%
Feb
.>
53%
Feb
•/;' /"
Jan
Detroit &
Feb
,.'v
/ Jan
22
61
53%
26
27
52
53
100
A
>>
>
300
-
,
-
;
170
53% Feb
,,il2%
Wleboldt Stores
Inc common,
Cumulative rprior
Wisconsin
cl 01% 101
Pi
23%
81
87
40% ;
Woodall; Induut
For
footnotes
page
33
33
105
105
•
17
•
<
see
35%
•
common
com
33%
*■
preferred
Bankshares
1194.
Navigation
v
;.
s
'
Rubber
25%
Jan
30
■
p'51% Jan
Jan
54%
Jan
Gabriel
General
Co
10iya
100
Feb
600
25%
Feb
1,700
797/a
Jan
'
777.260 '-
/ 39 % Jan
409% Jan
34%
Electric
:
/
Jan
16
17%
16»A
C" 1,500
50
20
850
200
33%
V
Feb
33
104%
17
16
39%
Glidden
•.,:
7
BVt
Jan
185'A
Feb
(Un)
—
28%
Jan
35%
Feb
•• •'
Feb
102%
Jan
57%
Jan
30
27
Rubber common.
al9
.
/■"• a7I
72
50
40
8%
34%
Feb
./: 27
48
8%
50
30
Jan
//
9%
Jan
37
Jan
Jan
•106
Jan
19
'
17%
Jan
Jan
Jan
Co
(Un)
Jan.
23 Ve
Jan
31
Jan
28%
Jan
Jan
10%
Jan
:
"
80% Jan,
al3%al3%
15%
Feb
396
45
Jan
52
Feb
a71 y« a75
5
50
a45% a48ya
„
345
71%
Feb
80%
Jan
60
37%
Feb
45'A
Jan
110
36%
Jan
45
Feb
a38% a40%
...
*
.
{
Drug Stores,—.
Halle Bros common—
Rayon (Un)
Inte'.'kke Iron (Un)
Interlake
Steamship
,
%
"
7/
.*
——*
*
*
40
a69% a72%
>
35%
;
.
•/
—:
al6%
45
t
100
68
Feb
79%
Feb
14
58%
Jan
71%
Jan
24 Va
448
22 Va
Jan
26
Jan
35%
23%
5
—
40
a607/e a61%
*
Industrial
Feb
68
Jan
66
;/; 35
Feb
Feb
/ Feb
Jan
>.>,*65
;>/17
50
a72%
Jan
Feb
Jan
50
Jan
66
24
74
°>
80 '
«
Ai
318'SIr.
67
Jan
26%
..671
'
al9;•'>:
30
■
—10
-
Feb
96
65
30
25
—• ■■■'
-
195
395
8%
a
—.
.—,!.V/:
/
_<1
,
Goodrich
(B F) common...
Goodyear Tire & dtubber common
'/Gray
Jan
Feb
&
Feb
Jan
Feb
42
Motors
9
5%
135
QQ
07
(UN).'—^,,1
General Tire
Jan
97 Yt
:"
Jan
180
a43% a46ys
v
-w
*
"7.
-j
Jan
125
'••:
1
,27
—
5
—
:t' ;; ;/:>'-V.'
tigh
41%
a74 % a74 V\
Qft
27%
15
(7'r^-%.• i.v
(Un)
•
■.
—
•
:
;>
212
a7
a60% a64 %
-Jan
~
Common
;iv,..
/
„■
Gas
-u"
■>
Jan
8%
'
Natural
Cleveland
RR
Faultless
Jan
61
Erie
96
5
Electric Controller—
>
26% Mar
•
•
Bookbinding
Consolidated
LOW
32
a32y8 a33%
>:•'
1
common,-
.y*...'•••*•
21
850
8% Feb
" "
preferred
Bronze .(UN)
Range Since January 1
80
189% 191
.
Firestone Tire & Rubber. (UN)—
53%
25%
•
Walgreen Co common..'.
Westinghouse Elec & .Mfg—•
Jan
•;27% Fob
/: 8% -Jan
*
1,300
V/
Tj
;•:'• General
,*
—
—
.AOL,
100
40%
U S Steel common
•
900
'-9%
26%
6
1,800
-37% ,39%
9Va
-9%
26%
Texas
<
7%
—jl
wandstrand Machine Tool common
v
38%
IVa
—10
Storkline Fur Corp common
Swift & Co capital—,
7,% '
Shares
8%
a6%
*
Graphite
for Week
High
8%
*
Cliffs Iron
leveland
8ales
;
a35% a35 %
,
*
City Ice & Fuel
Commercial
-
(UN) i
-
Corp
'
■
'Low
American Tel & Tel—
Jan
37%: Jan
25 % Jan
•
coipmon
:,/•■ ''
Brewing Corp of America,.,
Feb
31%
*
5
capital
12%
Range
of Prices
/ 30% Jan^
;
Feb
2
works
45;
tV-/!-4'
'f:
,X
>;
common
Nat. Stackyards
Standard
;1
,4^-
Bend
Spiegel, Inc
vV:":
V
%
39%
Corp class B common
/ Signode Steel
;
>29
,
Exchange
Week's
Last
Sale Price
JTOCK8—
Jail
27;
-
"
Raytheon Mfg Co common—__
Friday
>
8Vi. Jan
30% Mar
490
Cleveland Stock
Jan
7%;jan; >
200
30% ,32 V*
—
•
200
24%
Feb
"Feb
.
22%
200
7
8%
25%
6%
"90
11% Feb
118% Feb
<!
Jan
Jan
41%
200
25%
.
23
1,600
22%
22%
-
.1
common—
43%
108%
50
96
-
9% Feb..
,.
530/
/
24%
41%
'•95
common——'——1
f
116
24%
100
(Tbe>
Co
112
A——JtO
Peoples Gas Lt & Coke capital
Potter
9%
——LlOO.
Switch
Elec
Penn
.
cJass«Hcom,j——
6% preferred
•
i
81% Feb
38%
,,
■
(Alf)
36%
.
45%
common,
.
Decker
—
9%
•
common
Co
High
Feb
40% Feb
common
New York Central
RR capital
Paramount Pictures Inc
■£
78%
100
Co**
Nash-Kelvinator
Martin
Low
78%
,
Iron
rVj
Range Since January
High
—I ^/:
>:
i
Jan
104
104
Corp
General Electric
Interlake
Jain
42 J/2
Low
—
Steel
;
;.r47"i"Mar
Jan
;
com
uurtiss-Wright
Jan
Jan
Feb
45 T"Jan-t
;. 30
251/2
...35%
Feb
Feb
17
950
;
/ 40 />
'
Jan
18%
,31V*
•
a
r
.
(new),,
20
47'":": 47'.".:': ••'••••"'.
25
£.
200
31'Ac 32% ;,r jO,500
pfd——,50
common..—
7%
400
9%
18%. 20
,
25
common
Co. Vtc-partic
Co
"; 8%
5.
—*
Top & Sanfa Fe Ry
..' -.1 •/
Shares
.»
Mining
Atch
4
/ Club Aluminum Hdten Co
*■
'
.
*
American Radiator St St San
com
Anaconda Copper
v
:.
*5
32
Feb
40
115Jan
for Week
*
Yates-American Machine, capital
Zenith Radio
Corp common
*
(
.'65.
Jan
:
,
:
Sales
Sanfa
of Prices
/'. Sale Price 1
>
Wrigley (Wm Jr) Co capital—,
Feb
27%
.
i
50
SB1/*
:
80
—150
v
•>—:.io;/
82>■,
'26%
,10
common,
29
42 Vr.
117
.
59
550
■
—:
8%
24,750
64'/2
"27%
—
Cities
f
62%
:
Par
Low
High
8% 19%
117
0TOCK8—
/ Range Since January 1
Shares
Week's
Last
for Week
'y of Prices
Low
Friday
Safes
Week's'
t >> Range
Sale Price
1
'
209
31
Jan
36%
Feb
a71%a7sy8
175
65V2
Jan
84 ya
Jan
al6%
150
13%
Jan
20
y4
Feb
125
41
Jan
45%
Feb
34%
45
a
16%
45
""
THE COMMERCIAL & FINANCIAL CHRONICLE
1188
;
Monday, March. 4, 1946
OTHER STOCK EXCHANGES
///'/*/
v...
Week's
for Week
of Prices
Shares
•
Last
Sale Price /
STOCKS-
.
Low
Machine — ___.
& Laughlln-
Jaeger
Jones
L & T
Island
Kelley
£
*
30%
■
■
70
*
18
Metropolitan Paving Brick
- *"•>
295 v'*:
>
18
120
14%
17%
Jan
17%
Feb
Jan
47'
16%
4"'-
19
t
4'
■
//
39 '*-
Feb
7%
,
f ' '? //
'■
National
■
Acme
(Un);
N Y Central RR
Member Los
Oil
Ohio
Packer
.
Pennsylvania RR
_____50
—
5
Radio Corp
Electric. & Eng——5
Reliance
Republic
Ricbman
<Un)
Steel
Bros
■■■i.r' Direct Private Wire»
Ohio
Thompson Products Inc
Youngstown Sheet &
*
~2
(UN)———*
35
24
Jan /
/ 27
Feb
41%
85
•
4T%
Feb
i
>
y
-
34%
Jan "
40 "8
1
60 "•
Jan;
22
Feb".
64%
'
'
:
—
26 Va
Jan
68%
/. 34%
t
Feb
Jan
4%
5s8
62 M»
Feb
25
145
Jan
74%
:
.•••• ''
.
"
.
'
Range Since January 1»,
48
335
100
/ a40%
'
"41 "
140
141
..
—810.
599
25.5
19%
19
21%
21%
•36
39%
;r,
•
A'.
•
Jan
v/.-Y».:.V,4:%
/• J';-: v
r,
Creameries
,
of
America.
-
Co_——1—1*
:
/ >'/v."
1
..""-e
Farnsworth Television &; Radio—
.•
;/;ilember»'
•
:.
Exchango
/*./ New.;York Curb Associate
;■";■://
'1
-T
/Detroit Stock Exchange
21%
Fitzsimmons
General
Chicago Stock. Exchange"
-
-•
..
V Gen
,,
Motors
Paint
class
Stores
Corp
.
f.v'-:>;4
Hancock
Holly
Oil
Jade
Exchange
p; Friday
>'/Range-.-
Sale Price
4
f'A"
Consolidated
Detroit
1
&
.————.1,
*
*
———-5
———5
•
15%
4%
• y
Oil
Edison
Gray
Iron—,
Detroit
Steel
Range Since January 1
;:Low
15 Va
,;
/ 4
1,110
'
17% Feb
1.42V
*.
common
18%
Feb
/■ 23
100
r-X
loVs
15%
Feb
17
Northrop Aircraft,
General
1
II'
Finance
General Motors
Goebel
—
Z/i
-10
/J '•,c i-
■..
1
18%
•'/>;
Clay
Pacific
6VC
Gas
Pacific
Kresge (S S) common
25r
FebFeb
Republic
7%
1.705
16% Feb
'
80
.£/■/
2.05
60c 67% c
1.80
//V12
43
Feb ,"
Feb
12
v
43 %
;
:'vv;;
Feb
59
JanJan
Jan
10 Va
Jan
Oil
——1
Corp
Feb
Feb
Inc.——
Stores.
25% Jan
18%
Feb
27%
260
;
29%
Feb
34
Jan
Sierra
/18%
8%
900
8
Jan
8%
550
7%
Jan
3%
3%
1.550
3Vs
Jan
36 y*
314
,/35:;.
Jan
4%
3 Va
6.210
3%
Jan
5
Jan
16.867
2%
Feb
3%
Jan
vim A
Jan
7
Feb
5%
(H W)
3.565
;/
55c
—
Trading
Oil
:/
16%
59
•
.
Jan
63 Va
Feb-
27% Jan
Feb
Jan
Feb
27% Feb
,
8%
5.976
7
// /
Feb
30%
Feb
55c
Jan
16%
3.735
14 V* Feb.
3%
500
8%
700
26
288
62
25
53% Jan
a28V4 a28 V*
50
31%
Jan /
10c
Jan
20c
10c
1
12c /
10c
20c
23c
8
2534
Feb
21V4
Aircraft
10%
6%
6
/►: /
5
'
•
"7%
"
10
/
12
7%
12
/l;
12
Mfg new common—
1
>
900
;
25
10
Feb
27%
7%
•/
5
Feb
6%
Jan
11%
412
/ 12
Feb
470
6%
Jan
1.040
/;/
:.
Feb
Feb
32%
Feb
7
^
6%
Jan
Feb
8%
Feb
13%
>
Feb
Feb
65
Feb
33%
Jan
/
14c, Feb
2.433
1.421
25c
Jan
Feb
20%
Jan
Feb
23%
Feb
39 V2
Jan
33%
31% /.
30%
30%
822
30%
41%
41%
125
41% Feb
6%
•
34
Pacific
standard
Oil
Sunray
Oil
Taylor
Milling
Jan
.•/• 13%. Feb,,.
.9%.Feb.,
9% Jan
41 •;
•
•
—
2
Consolidated
Universal
/-
30%
18
-
Western
Air
Co—
Oil
a59Vs a59y*
—
10
23
Ffeb
49%
Jan
9% Jan
Jan
30% Feb
16% Feb
21%
Jan
27V.
Jan
/: 2
—
23 Va
3.601
24
35%
35%
_
1st pfd—*
35 Va
•,/„»*/
Inc
Lines
-
/ 65 Va
/;
"
30
125
8.808
;
24%
23%
23%
—-1
& Fixtures
.
;
Feb
25
,
"15 '
75c
1,400/
Jan
Feb
35% Mar
35% Mar
.
33%
75c
75C
'■
Feb
i
21
800
a267a a26%
"
i'
Cement pfd—
Portland
Yosemite
Feb
7% Feb
675
"
Weber Showcase
Feb
42 %
Feb
Jan
Z.;42/ : Jan
/ 42
,'Jan|
Feb
56
925
2.8I6 ;;
32%
31%
/
//'VT.'.'V
25
California
of
17%
5
West Air Inc
;
Oil
8%
16%
s:; s
Corp
Transcontinental &
41
248
■;
44
Jan
s
Corporation
Transamerica
41
59%
7%
43%
1
Corp./
i;
56
V:'1
42%
30%
Company
Calif
of
Co
•
25
class '.A——
preferred
Bouthern
Jan
6%
Feb
.
8V2
8
■/'
Jan
Feb
31 %
Union
550
v
4%
Feb
34%
...
25
31%;
preferred class B
30%
preferred class C„___—
.VVZl /;.
Southern Calif Gas Co 6ci pfd__ -.25;/
7% Jan
39
v
Jan
3.2C2
7%
12 %
8%
:
1
5 V*
12%
-
12%
Jan
5%
2,100
-
Jan
29;; Jan
1.050
30
Jan
5%
36
r
Jan
117% Jan
33% Feb
31% Feb
150
21
Co——
Southern Calif Edison Co Ltd
Jan
211
'Jan
65c
17%
2.019
21
/
••
21
/ 5,800
18%
21
//••
54
:/
3%/Feb
23.000
17%
21c
_•
Corn
■
Z; 5%%
Jan
17%
1.150
36%
10% Feb
Jan
51
20
/
Jan
29
1.150
11
6%
36%
/ 29
.__2
B common
Jan
43%
Feb
8
__
—25c
(C'al )—
Solar
39.Jan
100
-
Simplicity Patt common
Feb
16%
1.500
.w-
—* ■/'
—*.15
Corp
Feb
4'
51%
14'/4
"""30
Signal Petroleum Co
Jan
9%
100
>
17%
10%
6%
—1
—
Tube
29
.
.
36%
•
Co—___—
Scotten-Dillcn
29
-17%
'•/ 1£
common
River Raisin Paper
Standard
6V8
:
•
-.11
Sheller
2%
_
—♦
Rlckel
4
17%
Peninsular Metal Products
Jan
2.70
62
1
——
Security Company
Shell Union Oil Corp
10
10%
55c
16%
Ryan Aeronautical Co————
Feb
r
9 V*
'
55c
15% Jan
Jan
;■
Wolverine
Jan
75c
'
Jan
13%
423,4
ICO
Warrants
23
1
Packard Motor Car.—.——
Parker
37c
25%
//
common
17%
3
common—
Davis
Feb
1.50 Jan
...
\13-'Jan1
:
460
27%
Jan
55c
10% Jan
44%
6
1.000
51%
9%
i
;•
4%
1
Park Chemical Co common
Parke,
8%
Feb
712
■
43
59
jr.-
common— —1
—
790
~3%
———
Corp
Jan
1.50 Feb
•"12;"-' Feb
200
43%
43:
;
.
.
Co
210
7%
—
Casting————.
Die
Motor Wheel
Murray
202
Jan/
6%
Michigan
1.50 Jan
.
/•42%"Jan
>
3%
Oil
18%
-10
McClanahan Oil common
; Jan;
20% Jan
•/1.45 Jan
16.782
,
273'a
*-
pfd
2.C5
60c
*200
al3% al3%
43%
■
1st
Co
Petroleum
preferred
Ranch
Richfield
Jan
8%
6% Jan
"
782
Rice
24
_
1
—
Products
Screw
Masco
30c
11% Feb
25
common
8
1.00
25
;
Service
Public
Sinclair
—
.
—10
common
common—
preferred
Pacific Lighting Ccrp
27%
8%
;
1
Drug
Corp
Eiec
&
1st
36%
Hurd Lock & Mfg—
Kinsel
6%
37c
Products
17%
w—
Kingston Products
1.55 Feb
Feb *
Feb
1.05 Jan
—1.:
—
23
li%
.2%
Car——,—,
Motor
Hudson
Co
Pacific Finance
Feb
Feb
"
4
'/ Jan
/ 71% Feb
2,300
13%
7
Bearing——.——— .10
Hoskins Mfg common
37%
200
^ Inc.——1:
Pacific
Oil
Safeway
Hoover Ball &
1.15
1.25
37%
V;
a200V2 a200'/a
1
1®
Co
Feb
22v\
Jan
13
208
75
12%
—
18%
100
,
14% :V:
14%
71 Va
6%
1
Brewing
Graham-Paige common—
"IB V'4
;'/'//(•
•
common
1-13
37 V2
•17%
6% Feb
*>
Mfg class B
:
20c
20c
; 118
Corporation,. Ltd—,-4—1,
/ 5 % c'(
Gemmer
10% Jan
1.05 Jan
1.50
20c
1
100
Jan
39% Feb
17%
'■I
10c
—
Co
Oceanic
Jan -i'.r
32
1.05
1
Jan
"
a8»/a
Jan
18%
1.90
f
.
a
Corp4/££4--444^Il:
& Dev.. Co
!
1
Mng
Nordon
30% Feb
Ale v————4——
Friar's
1.46
351
1
/
•
*91 Va Jan
84
-10c
—
Petroleum
;
'
*'
r
Occidental Petroleum: Corp—1———-1
7
Jan
64%'Jan
.
—
a27%
Manufacturing Co
<
27% Feb'4;
1
Brewing
//
Feb
; Feb
t,
•
Jan
;/$7%
v'.;26
31
.
Zi
9V*
v.: -:;
Mogul. * 44____.*4—i——5;
Motor Truck common.—_—*
■
Frankenmuth
;
;
Jan
■
23%
,10
Investment
i'Mt Diablo Oil,
Jan;
Feb
5
2
——_
Feb
19%
135%
118%
10
20
Corp.*
Federal
/
350
965
118% 120
18% 21%
Jan
10c
Monogram- Pictures
Jan>
5 f
.
•
i7j{ Mar
•
Co____—_-4J—--,_1'
4 Merchants
Feb
19
Jan
3% Jan
2.245
4%
.
7%
.
f
!> V:V .Av'
Menasco
r
ffffh'
..
4% Jan
Feb
Feb/
v/27%
Co;
Company
Petroleum Co.-
Mascpt Oil
f
%
:
;
Co
»/;.■.%:
r
3,500
18
V»
Detroit
t
Shares
6%
17V*.. 18%
——„—uo •
10
Navigation
Cleve
79%
95c;- Mar'
.370
16 ;
•
Lockheed Aircraft Corp
•
^
——
Detroit
Federal
16%
:
5%
Milner
Crowley,
;
/ 16%, Feb.,;;/
.v
a370
*
Petroleum Corp
Los" Angeles
High
Low
6%
ie__i__.
Machine—1__
Paper
31
.Feb
26% Feb
:;''-25%: Feb'/4
16%
95c
*
/t/t
com—
common.—
Motor Car Co
Lincoln
V
for Week
of Prices
Par
1
Sales
Week's
Last
McLaren
Feb
Feb
4
j
-
*
Lane-Wells
Burroughs Adding
Chrysler Corp
24
>
.
Co
Development
Hudson
;;
Intercoast
Brown,
//
Jan
33%
1.05
v.
Jan
Feb
*
1
Tivoli
i
Brewing '
6
"
1
Udylite Co
Investment
United
Shirt Distributors
Warner
Wayne
commop
/
v*,"
'
'
fi—
'
9V»
1
Aircraft common
4
Screw Products
.
:;
6
6%:/
750
12
700
8
9%
100
8
9% Feb
13
1
;.
Jan
;f
Jan
13% Jan
Jan
8%
Jan
Mining Stocks—
Alaska
Juneau
6%
10 %
8.920
4%
10% Jan
Jan
1.300'.-
9
Jan
,
6%, Jan
12
■"
"
Jan
1
'
^ it.
Angeles Stock Exchange
(Mid
Cardinal
Amer
Rad
American
Bandlnl
Barker
Petroleum
Bros
1
Co
Corp
Barnhart-Morrow
Diamond
Sales
Range
for Week
American
of Prices
Shares
Low
4
Corp
f"75
5%
Range Since January 1
Low
High
4%
3.340
100
80
2.400
5%
300
6%
7y8
1.745
5%
5%
3.955
.
4
42
High
Feb
6%
Jan
53
Chica
For
Oil
Corp
footnotes
see
page
1194.
Atlantic
Feb
Aviation
7,000
12c
Jan
15c
19c
3.000
15c
Feb
12c
Jan/'/
18c
—
;
i
14c
2.25
8c
6C
M; 16C
21%
;
'
5,500
2.15
J 6c
12.000
18c
20 %
8.100
Z
/■; 100 .//;■:
Jan
/ /
/
17% Jan
;//
20c^Tan
2.60 Jan
v
Feb
Jan
v
14c.
Feb
19ck&.Feb
'
2.2o
__
*
21%
a62%
14
50
a64%
6
14
Corp
Corp
100
25
3
Co
Refining
Co
Corporation
1.00
8c
Jan
24c Jan
Jan
6
Jan
6%
Feb
■7%
Jan
Bendix
6%
Jan
Bethlehem Steel Corp—
23
Feb
145
1,027
a61% a66%
,
186% Feb
Feb
125
44%
46%
14
43%
720
13
2.221
a97% al01%
235
46%
194%
12%
109
Jan
Jan
Jan
51
15%
109
Feb
Feb
Jan
'
a35
a36V4
115
34 Va
Feb
36%
11%
12%
1.387
9%
Jan
14 y4
Feb
32%
a36%
Feb
34
596
32%
Feb
38%
Jan
98
Feb
Feb
5
1.270
a62 a63%
r 186% 186 %
Co
Copper Mining Co
Co (HI)
A T & S F Ry
Jan
&
Feb
75c
'
Bolsa
& Tel
Viscose
Anaconda
70
15c
12C
1
—1
25c
25c
12Vi Feb
8% Jan f'--
"
alO
15c
•■.
Refining Co—*
100
San
Stan
«Se
Tel
Armour &
/ a9%'
—
Stocks—
Smelting
American
a51% a51%
common
Consolidated
Berkey & Gay Furniture Co—___
Blue
Week's
Sale Price
—
—10c
Co
Mng
Imperial Development Co LtdZenda Gold Mining Co
:
Last
Par
Co—-—10
10c
Mines Co
Gold
Friday
STOCKS—
Mng
Cons Chollar G & S Mng Co
].
...... '
.
■ ,
--
Unlisted
Los
Gold
Mammoth Cons Mng Co-
Black
Calumet
5%
M 9%
.
101/4
Feb
1.395;
8%
12% / -112%
*
Union
i
Jan
45%
■t
: >
1.000;...
44.30%-Janr/4
22% Feb "
1.715
16
Corp; common——4.—--..4*
Hupp Motor Car Corp
—
Feb
.10
common....
Hunt Foods Inc common
Detroit Stock
•
—
,
.-1
A_4~.——.1
/ Goodyear Tire ds Rubber Co
DETROIT
•
1/
5
/.Gladding, McBean & Co—_4—;
...
.1
Kuoner
Jan
Feb
4,23%
34%. Jan /;;•
"
!
/• 25.%
—
l?Vi
; 95c
.,:
r-*
'.Rights 4—-yi._44-4i—4-
-
/ 4'
Telephone: Randolph 5530
iiajuwin
Jan
/
>9%
:■
>
—-
176
a91%
—•
—50c
(new)
Electrical Products Corp
_4
4 Exeter Oil Co, Ltd class A___________1
Watling, Lerchen & Co.
—
"/ 45
iiTV^Jau
u
122
—1?
Inq—r,
/ Farmers & Merchants ^lat'l Bank—.100
Allen Electric
/ -31%; Feb
i»*%"4^.;.
s
••
.4
Jan / '
(129 % .Feb, "4 ;133% Feb
,
1.805
%
=
/•;c*S%4:Jani4i'4
„
"
:T ^
High
.54-. .Jan
'
Dresser Industries
Ford Building
Loig
./■
■;
Jan .'f
114
112
v
--—4—^-4—.
DouglasAircraft
New York Stock
>rJan
31% Feb
V
a 42%.
8%.
8%,
a 118% al25V«
/
preferrecLl'-T-._^-i_'_!-._£42or;'
i.
z$r
No*/.' /
'
-•'•i'ivf'"j:'-."-'
i
■:
Consolidated Steel Corp
■Preferred-
Feb
31
l,
•:.i!
T-4~
Colorado Fuel ,& : ,ii;on4ne^^44^-l-4^;.r
.
—
Low
.
5f«. conv
Jan
.
High
,Corp commou-—
Central Investment Corp/i-100
Cessna*,Aircraft 'Pp-44——-~4—-~4l
Chrysler; Corp..
_5
'
Feb'.
Jan
29
V-
4
•••(
Feb 4'
23%
'>
•
Skates
i California Packing
%
-182
25%
r.
,
Jan-// ;"-'97-%
79%
: 200
627/a
Feb
54; r Feb •>.
-
971.
,5
-jA-jj*-.
TRtnity 4121
—
for Week
t .*
'V
^ '.'V'"*1*
•' ' "V •'**.
/ Broadway Dept Stores Inc, common—*.
i
Byron Jackson Co_—_——,—
Feb
Z
it
v
Jan
•4 22%
,
,495-v
31.... 32%
^
■Rale*
Range
«f Prices
Friday
Jan
Feb-' ^
16%'Feb
Week'*
Sale Price'
4/'/STOCKS—
-■>
l
:
West 7th Street—: LOS ANGELES 14
2lO
■<
Feb
19
.
"51%; Feb
/r.J 9&r"
%
—V':4%..
to
lssues^
SCNWABACHEI t CO., SAN FRANCISCO
Last
'
■
29s*
433 ?
17%
85a/4
5
Feb •
263a
>
778
39
80%
-
16"
4
14-
a537/8 a54y«
./
—
a
Unlfste^
_
Jan
480
32 L
4
Feb
a22 Vt a22%
j
;
Tube common—*
Youngstown Steel Door
/
51%;; 53
.t
Refining & Chemical
33 %
Usted
Jan
353
•
»353*
14%
a
'f
__
Works
Iron
Dorn
Van
Warren
Feb
23
a26Ts a26%
.
(Un)
Steel
S
43%
a32
——«-*
—10
39%
Feb
ALLEM * CO., REW YORK /
Jan
Jan >.•*■
19%
al5'/2 al6s/a-
/.
.v
-
-■
—.——
35%
34%
100
26
41 %
/
-
—
-
3eiberling Rubber
Standard
Oil
of
U
24 y2
.—
,
£.;27%i Feb
*35
33 %
%
* 24
•
•
»
13
a 21Va
33%
———
••
Jan-v 4
120
'
al9J4
Corp
Jan-
6%
222
a30V*:, ;.ur:
a36 Vx a36 »/2
V
-
-
Sargent
323a
:
65""
600 /
TV*
a28
*
(Un)
Patterson
.
6%
I
Angeles Stock Exchange
.
'
a34 Vb ,a35 y«
-* AA-'
—
Brass class B—
Ohio
"
,
Mfg1-.——,.
Tile A
National
*
w——
v
/
Jan
■
.
''
-
FACILITIES
*
Feb
*
Jan
BROKERAGE
AND
t
Feb
"
Jan
'
FAIRMAN & CO.
60 "
Jan
Feb
i 40
y;
Feb
,4'v
Jan
-
56
25
'
53%
COMPLETE INVESTMENT
Jan
V
Jan'
15V'a
150
56
.46V8
High'-j
32
Jan * 4
"40%
925""*
15
56
;:.-45^
45 %
: frft
16y4
15
—• ///*•/
(A G) class B___—
Portland Cement
McKee
/
108
•
15%
—1° // —/;
& Sessions—
Lamson
Medusa
a44% a45%
—:—~J/-/'— ;-:
-*
—.
Low
v/
-: /•*
31
•
Range Since January 1
v
High
31
—.
RANGE FOR WEEK ENDING MARCH 1
Sales
Range
Friday
Baldwin
Locomotive Works
Aviation
Corp
vtc
13
5
*
a51% a53y2
105
98%
840
"
98
112% Feb
Volume 163;
Number 4469
THE
llif
COMMERCIAL & FINANCIAL CHRONICLE
/ OTHER STOCK EXCHANGES
y■■;•///;/////'.
Friday
Week's
Shares
Sale Price
:://,/
Borden
Far
Company
————————
borg-Warner Corp
Canadian
a49%
Service
Columbia
20 /r
...
&
•
&.
Corp
Southern
&
'
Goodrich
(B F)
Low
10
a
32
275
31%
7,993
2%
common
Paper
__
27%
\
a
it/--' '''
common...:
66 3a
21
47 %
1.414
46%
Feb
50%
a 68%
50 y»
166
50 >/4
a
:'v
11 ya
Jan
•V'.
Great
Motors
69%
: / 1.590
Corp
Corp
Northern
Interlake
Ry
Corp
Iron
International
Co
13%
—
12%
•
pfd
a54% a55%
Nickel
Co
of
•I6V4 .16%
Canada
Feb
22
preferred
International/Tel & Tel Corp.... "II*
50 %
Jfl3%
./'V^Ve*, Kennecott
BW fl %$->'j
/ /
,
j|"/'A!'>' '£\$l
50
26
.
Jan
*
■'
,
Loew's.
Robbins,
7
New
York
Centra]
American
North
Oil
Feb
31 y2
Feb '
Jan-
55 Va
Feb
200
50%
13%
•12%
a80 %
a
75% a81%
27%
Mountain
80 /
•
Car Co
/35%*Jan /
Jan
16%
34
Feb
34%' Jan
,22%
19% Feb
360
.
Pictures, Inc..
Pennsylvania Railroad Co
'
—
10%
67%
67%
43%
43%
37%
39%
—50
Phelps Dodge Corp.—;
—— —25
*
Pullman Inc
——Z——
Oil
PUre
Corp of
Republic Steel
,
vv
i'J
-C
Seaboard
America
HI*
i \r,A,
1
f
•
\
■'
33%
a27y«
Brands,
Co
a
Oil
Co
(N
...
-
Feb
36 VB
Jan
:,./;, 44%
1.556
Feb
v'-"-
Feb.
47%
17%
Jan
■
4*7"%
Feb
43%
Jan
65% Feb
/■:'. 6&%
Jan
18%
18%
150
18%
Feb
a27%
a29
355
30%
Feb
337
38%
Jan
350
53%
Feb
19Vb
Feb /
,
a2^
'
38
?
-
a37% a39%
53 y4
a50%
J. '='•
IlOO
130
,
19 VB
lCO'/z 100'/a
al42% al49Va
a32%
•
/
Jan
33%
1
5'/2
Feb
58%
Feb
Z#'-
%
a
46
356
20%
53
./'
.
'
'
York
New
tow
.
11.
2
—-——fl
21%
;
.
■.
-
35%
North
4th
:: /195%
255
31%
33%
,
^88
Feb^v
I
II
I
/
447
20%
21%
185
*
begins
on
•—
53
22%
10
> 8%:
•
43%
■
>£': ATOCK8—. \
*
Abitibi
6%
"7%
<'
*
.
,
*
r
Power & Paper common
preterred '.——
preferred '—^—
Acadia-Atlantic
Sugar
Preferred
Oil
Alberta
At
common.
v\
Shoe
common...
Gas—
Pacific
pur
»
100
100
•
*
——
Agnew-Surpass
A J ax
^
...»
l
Consolidated.*..—_._i
footnotes
see
page
1194.
Feb
Feb
46
Jan
40
p
Jan
//' 39%
'
Jan
>713.
50%
Week's
.Friday//
J/
,
Jan
s"
,
■55%
Jan
Laclede
22%
7%
44
.42
4,545
Feb
Feb
V
Jan
22 %
41l/4
:
•
20
-
27%
■
27%
—v
28%
.
II
'•
17
23%, "
/
I
:
'
Jan
.
/:
9%
Jan
47 Va
,
St
Feb
/
46
Feb
Jan
Feb
/
F«b. -2: !,
Canadian
and
ends
Funds
■
Week's
of Prices,
:
'
Feb /
121v
Feb
32%
,V'V
'V(;
Low
i%y£97
High
7
97
182
the
on
current
Friday,-March
Shares
LOW
7
-.1,160.
Vu
.
176
High
•
~
t
9'/b
Jan
Jan
/" ':
355
Jan
Feb
24
Feb
//' 49
Feb
-
Jan
••
•
J»n/ :
114
/" Jan
125
23
Feb
•85
56
Jan
40
35%
Jan
20
Jan
10%
8%;.Jan.:/)
33
Jan
50
32% Jan
50
Mar
23
24
555
23
105
:
105
175
105
/
Feb
115
<
26
Feb
68
-
Feb
25
27
20
25
Feb
6%
6%
Pub
Jan
Feb
25 Va
190
Serv cl A
l>
.
Feb
32
Jan
8
> Jan
//;:
47%
Jan
52%
Jan
25
50
17%
-»/20v
Feb
25%
Feb
35%
*
com——.1
-z/z.50
-
60
24%
Jan/
150
35%
20
Feb
21
Jan
80
65
Jan
82
Feb
100
32
Feb
32 :Z Feb
28% Feb
36%
•
20
20%/
77%
78
*•
32
32
25%
26 y4
•
-
.>
180
•
Jan Z >
?
i \
///;,Bonds— ///;///
St Louis Piib Serv
25-yr
f
v
/'
'
29
Jan
-
18Vb
225
Jan' ;'
Feb
46%
'
,
Jan
*
Jan
185
"•'••-■32
538
-
lb
common
' 23
Feb
Feb
Z/ Jan
/:/ 30'
Feb
30
:
••
y4.
5
common.
18%
Jan
Jan
28% Feb
15
30
-
26%- 27
-
146 /
28%
28
1724
-480-•
26
2814
-'25
—/
common
'rS-O,
Feb
105
/
6% Jan
25
50%
25
30
44
Feb
/
119
Mar
;
••
'•
40
Feb
49
Feb
'
(■
conv.
inc.-.1964
•
119
119
119
1
$400
125%
Feb
MARKETS
march
' 50
28
„
1,500/.
i
f,/
Sales
-Friday
Week's '
Sale Price
of Prlees
. .
for Week
%
v
"
:
>"./
'
'
:
Mines—./
<
Range Since
Shares
Low
Low-
Low■ 'High-
Per
-
42c
39c
i;-i-
•
1.58
15c
Steel
20
Aluminium
.<
42c
38c
33,000
20
60
*
102 ~
Z
102
Feb
20
January 1
•
High
54c
//;
Jan
26
Feb
100
10
Jan
/ Jan /
103
Jah
164
of
Canada
pfd
Oil-—-,
Feb
Anglo Huronian
Anglo-Rouyn Mines—..—L.
Ansley
Mines—_/j
PorcuDine Gold—
Gold
Feb
Aquarius
Jan
Area
Mines
129 %
'410
"160
160
—.—100
/107Vi
/
"30c
28!ic
i:/;/1-08
•',/ 1.05
———* :/?/•'"•■
——1
1.40
1.35
1.60
12,600
18c
65c
22c
:„/ 13,600
21c
23c
-—1
Yellowknife
Canadian
154
•
common
Angio
Feb
sfftri?/
Ltd
Aluminum
American
Jantit.iM 1.99
»•.
—
^'_100
—
Jan
Jan>^,i?:32;
......25c
common...,
Feb
24
24.810
ending
Jan
182%
106
'^-*c
:
100%
Jan
Jan
15c
-10
,'
•
Feb
'
Jan
Jan
1.98
Jan
•
Goods common——*
/Preferred
Feb
93
25
<•:/'
20%
•v
48
13%
9»/4 •Feb
'
1.)
Range Since January 1
103 %
15c
170
725
Sterling Aluminum common..—I
1
Stix, Baor & Fuller common.....—.10
Algoma
70
1.90
50
-
1,215
30
Louis
Alger Gold
21%. ?2%
Vi
48 '/4
High
.
Z
Jan
230
25:
com
STOCKS—
••
104% 105%
30
8
9%
common
Scruggs-V-B Inc
LISTED
/■"////,/i.- /,1 :■/:r////
■...
22,315
*
182 -t:
.
Feb
50
105
common.
Cement
Dry
'/•/
/////■
■
8
93.
.
Blanke
Wagner Electric
Jan
for Week
/
12%
675
II
Sales
Range;
Sale Price
•
q
?'■ >'-i
>
common.—.—.
Securities Investment
30% Feb.
31 ' i. Jan
Z28 %
.
Portland
Rice-Stix
Jan
27%
<
'/
Feb
27 l/a
12%
q
common——*;
'■//■
:*
Landis Machine
Mo
12%. Jan
Mar.
2 la'/a
802
I
41
20 /
3,031
119% 120
.
-
6,142
►
28%
-
735
.
/' 28%
12 Vi
17 .Jan
9% Feb,
'150
*
./ Jan
Steel
,
Jan
17%
14% Feb
Range Since January 1
/:V/;/Lp» ;'///;.■
High
-C/' / /•/ ■' / ;
Laclede-^Christy Clay Prod com—zJ!
'
61%
Shoe
/ ••■,/ v^
Jan
Feb/: z '<80%
Feb
12
•//.
:
•.
7600
Sales
/ Shares
1
GriesedieckrWestem. Brew common.
Johnson-S-S
Jan
70%
1,592
CEntra)
Bell Teletj-pe SL 593
for Week
Range
/<ef Prices
/'/Preferred//:—.—100
Jan
:/
Jnn
)*'
-7*v
,.v
.2614
.
40%
15%
z
Low
Hyde Park Brewing common..—
10
Hydraulic Pressed Brick common—100
80
13%
210
10% ».
442
8% * v 7,694
Co.
'
Huttig s & D common—..———.5
Preferred
——10Q
24%
"f>
For
Feb
:_100
—
common
A
1,723
41 ,"
41"
20
-
Friday,
1.$•%'*': /
33%
/ ":" *
5
Jan
'
; x
Feb
Phone
lo
Jan
75%
Last
■:
//Z 24%
.
#
40%
•
41%
.
Friday
N
33%
&
—1
Feb
,140%
Jan
^" U
;
/
Feb
1,860
23 Va
14%
12%
9%
7%
22%
.
!■——1
'
Jan
8%
867
...1
28% Feb /
,
117% Feb
20%
Jan/
Toronto Slock Exchange
week's compilation
/,
>
Jan
Feb /.
■M
'
91
,
Feb
857
Jan
CANADIAN
'
Jan
5%
41%
-
-.1
38%
-
Feb
380
-
—i
Electric pfd—.
Falstaff Brewing
/•../:/r,/—..//.range for week
(This
18%
Feb
60c
<
.
'
Sale Price
26 V4
83% Jan' /
30
22%<
.23% \
70%
__
•
,
Ill
Jan
2%
Jan
320
Chicago Board of Trade
Electric Co
Emerson
1>V/'Y:Z>Z:/•■■'■>■•>»
'
45c
116
...
Feb
40%
—-
-—SO
Philadelphia Electric Cocommon——• /
.$1. preference, common—.
r
>4.4%'preferred
100
Phila Elec Power 8%„pfd
—25,
'
Feb
Jan
Feb
/// 2
/ ,//■ 270/
.
/
St., St. Louis 2, Missouri
<
Bottling common—1
Columbia Brewing common—iw/Dr. Pepper common——.
High
185%
51%
72%
__
/Penna Salt Manufacturing.
'
/8%/.
80
48%
14 Vb
:
Feb
Established 1871
Bank Bldg. Equipment common_w/.i—.3
Burkhart Mfg
f
Low
1,433
22%
--
.10
Pennsylvania RR--.———————60
■v.t'1
Jan //'
Feb
105
•
33%
12%
For
Range Since January!
32%
117% 126%
,?"% 23
—
,
-
21%
35%
"=.
Century
Jan
20Va
-21%
-fc.————-• /
Lights
Feb
67
29,650
42%
/
Meyer
Power &
6%
Jan
40Vi
;
300
■
55c
8%
Clinton Industries common.—
27%
21%
—
cemmon, w—.•
Lehigh Coal & Navigation
•
Lehigh .Val'ey RR—--——.50'/
National Power. & Light..
.———*
Pennroad; Corp. — ■■/ ii.—^
Penna
2 '
45c
common......——1|
325
88
13%
/Electric Storage .Battery—'.
*
78
41V2
-
/ i&noiHW
30 Va
31%
32Va
-
/Delaware '.PowerLight-*-—
•.
68
Jan
4%
■
St. Louis Stock Exchange
-
Jahi
"jart:
r
.
2,000
2%
Feb
Ja'nj
39%"
185ya 191%
Budd IE Oi Mfg Co Common.—__
Budd Wheel Co————
-* c
23%
•
6V4
1
Coca-Cola
JJtgh.
23%
—
'Baldwin LocomoMvft Works » t13
Bankers Securities Corp pfd——50
-——,—.
Jan
/'
; •
1% Mar
10
Tork Curb Exchange Associate
/sit# 'Feb;
::
for Week
of Prices /. • Shares
188%
Motors
9'/2
1,630,
: m
,
;/ U 451
Stock
Chicago 8tock Exch.
'■
Feb
Sale Price
T*l.It
Gimbel' Brother*
Jan
'-1%
42%
Exchange
St. Louis Stock Exchange ''
>
Jan
Feb
250
Jan
38%
•
Feb
22
Ranee
Far
/ General
6%
:/'8
33 Va
300
'Z'Z/iZ/ZV Friday /.//Week'*.-,; Z:; Sale*///
—
Jan
96%
Feb
35 Vb
50% a55Va
20%
.
Jan
31%
75
560
a33% a35%
%:■# 22
——1•
-
12%
12 Va
Members
New
Jan
?Hy 7Va
80% Feb
413 *
46
46
834^8
STOCKS—»
Pub Co
Feb
Jan
Jan
"'
'
•
36%
^
Jan
107
2.795
Last
Curtis
28 VB
19%
10%
40%
t.
.-/■/
.
51 Vi
Jan
4%
2.330
86%
Feb
36
159
a35% a38y4
a38%
SC-'-I'
/':V 42 %
870
%
Philadelphia Stock Exchange
Chrysler Corp
Feb
Jan
——*
,
American Inv common
American
24:Vs
15%
877
12'%
Feb
100 %
ZZZR- ZrfrlX 'J.-
■
-
.
145
392
.
Edward D. Jones
iVi Jan
'
6
80%
—
,
Feb
100 %
116
Va a66ya
a 65
■}?
•
—•
Stores
Feb
Jan
9'/a
11%
6
Last
American
fy
Feb
17%
*
STOCKS—
.
8 Vb
Jan'
39%
-
,
.
379
.
a32% a32y8
5'%
-
IIIo
12%
Westinghouse Elec & Mfg Co..
1
Willys-Overland Motors, Inc.——
Woolworth Company 4F Wi— —10
Z/;/'//■■■-
325
10
vtc
Jan
34
St. Louis Listed and Unlisted Securities
23
/
-
240
/' 44% :/42% "44%;
10
Bros Pictures Inc——
A
19%
;
Corp
53%
a50%. a51%
..10
(Del.)
U S Rubber Company———.——
U S Steel Corp
————
Feb
Jan ;;
38 /;
—
28
Feb
25'/a
j
/'''Uvv
■
10
20
985
+
Inc...
Jan
Feb
26% /
68
com
25
•.
15%
Jan
30
'
520
/■//> —'
Co
8%
It*.
Westinghouse ■ Air Brake..—
Westinghouse Electric Corp
/
100
/
7
l__—t.--.:—»1
common
9%* Jan
Feb
15%
66
v
Co
30
110
16
Springs
'
Carbon
Tel
Feb
38
——
>,t
Railroad
Union
39%
Jan
87
_•
Vanadium Alloys Steel——
1.431
26% s27x/8
40 y4
Steel
United States Glass
Jan
65%
Corporation
Western
Standard
Feb
25
United Aircraft Corp. ——./Z.-ZZ—/.5
Warner
31
•:
—
Texas Gulf Sulphur Co
Tide Water Assoc Oil
United
1.958
25%
Feb
48'%
31
,
11%
,,,,,,.1
18%
.
Jan
962
28
High
Jan
22'/a
24%
-
..San Toy Mining-—
.
—25
,
J)
Swift & Co-.—
/■ •//■//■ /■/
,/•/■;: /
Co —i.—
Lines,
33%
53% a53 Va
Texas
&
Feb
V
37Va
515
■
12 Va
»_5
.*
23%
■
27%
•
—
Range Since January 1
'
—
Webster, Inc.
Studebaker Corp
Air
Feb
a42Vs a42'/8
a
lnc.i
&
Carbide
Feb
15^4
39%
15%
•
(Ind)
Standard
Pacific
20%
2.048
*
Railway Co—
Oil
United
710
16y2
Feb
225
■
Feb;,;
42%
95
20%
Feb
Feb
25V4
/
16%
—10
Renner Co':—«—l:
y>ir'
31%
'
-15
standard
Union
//:// 47
15%
V
CO tnew).—
Standard
Union
Jan
Feb
20%
\k
*
Supply———
National Fireproofiag Corp
Ohio, Oil &' Gas_—
i;Pittsburgh Plato Glass new——
Pittsburgh Screw & Bolt Corp
Feb
v,i">»c
*
aocony-Vnrunm Oil Co
Stone
•
16%
Oil Co of Del—.—.
bear*Roebuck
Southern
'V>i5'V
Refractories
Fuel
Preferred :
Feb
70
43
/
395
12%
Jan
37^8
670
,
Jan
■
Walker
Pittsburgh Brewing common
'
—•
Corp
10%
464 /
a59% a61%
#
Co———————
Radio
•
Harbison
Jan
60 V*
2.460
11V2
67%
1
58%
28 Va
Jan
Low
42%
Jan
-14%
136
11
Paramount
;
Feb
250
19%
Jan
Jan
High
25%.
LoneSiarGas_^/-.i.—..«lo'-
13% al5%
19%
8
a
8ale«
41%.
8%
Feb
::
47 =
22 V
;
Jan
/■
Feb
Jan
23%
42
Shares
28
Feb
Feb
4%
7 Vb
for Week
Brewing
14%
27%
Jan
Jan
981
.
Range
.
50
"'/••'•/473-/.
20
Feb
4%
3%
4
of Prices
t,Kr I,
iff '
^ H \ \ 1 (>- ^ */
vV''1
Pitt Brewing^-/.—/w/l
^
Fort
39
<
>'
Jan
Feb
202
Z
25%
Jan
:
24 y4
Week's
.T——_^w,r..—iO
Jan
Jan
26 V«
11 Vb
Jan/
76%
vZ/1
2,035
Last
•
common
11%
a29 a31 »/4
a
a31%
*
Co—
Motor
.
Electric
47
.
Packard
Duquesne
&
33%
,617
•
Inc_._._ HIi
Co.—.———/ -10
Gas
660
1.255
-
36
34%
a451/8 a48>/8
6'.8
50%
Low
120
•
*■
24%
'
Devonian Oil
363
-
■/*>■
RR
Aviation
American
Ohio
13
35%
a47%
Inc
Montgomery Ward & Co, Inc
North
Feb
52 Vi
*
&
Columbia
41%
25 y4
Feb
49%
•;:-:\r42%/>'
———•
Co
Feb
»
Inc
McKesson
Blaw-Knox
'
Libby, McNeill & Libby
Ludlum Steel—
13%
25%
■
Jan
4%
24 Va
,
/
:
For
Allegheny
Jan
52%
•
73 Va
Jan
200
Sale Price
STOCKS—
20%
:
Copper Corp./——»
Feb
3%
538
■—■.■>//;/
'.v
Feb
i5ya
-/
,
64%
3%
Pittsburgh Stock Exchange
^Felr
Jan
25%
122
6638
3%
Friday
51%
/.
39 Vb
,
58 Va
5%
.
-
:.
470 '
Jan
2% /.v.. / 439
4V'a / 4%
1,152
VV",
»
T
,
430
38%
38%
52%
••••';
—
-90
.
206
Vi
2%
•
United Gas Improvement
Westmoreland Inc
■
•
Feb
55
common...
common
"
115
13%
a
'
Corp
Jan
33 V3
65
'
uraham-Paige
46 %
Jan
/•/"— •/:
Feb
Feb
'160
Feb'
27%
Feb
22%
Feb
// :■
37"2
258
/_/•■';
121/8
Feb
21
Mining
Invest
High
365
2.3% .<;/>
54%
•
•
Range Since January 1
Low
40
Feb
33%
Jan
19%
S3
Jan
mi
31%
Jah
8
27 Vi
140
19%
21
/Jn
<
•
'406
'•
1
'/•'
•
United
'Feb:;//
Jan -b
23%
'i
—
Jari
30%
100
1.527
30%
neck
Shares
28%
.Preferred
;
Feb:/
Feb
32%
Jan
18%
625
.-25/"
-V
10%
9%
29%
46%
*
Jan
22%
Feb
:///"
for
)
High
37 %
2y%
_
Oil
Transit
32%
■".r.
Jan
385
,:
v7-'.
13%
-M
Feb
4 Va
19%
K i
Feb
/
40
Co
Tonopah
33 VB
Jan/
27%
*
Co..
Scott
Sun
V;•
•'
ioy4
a
Corp
Feb
Feb
20%
Sale*
Kange
of Prices
Fat
Corp
Reading
Jan
Feb
21%
:
5:/:
a36% a36V'4
;a30%
5
Light Corp
Jan.
f
47
,/
■:
m> —
820
20%
'
General Electric Co
Foods
■
22%
Feb
•
26%
326
:a30'/8 a31%
•C
General
a
20%
836%
Co___—//./
Feb
45
31%
3%
1
'■//;
Share
/•
-
'118
11%
a20%
"4
/':/
1
.
19
■
70
54.
Jan
27%
•
Corp
52%
1.130
-
,
27%
11
1
l
Electric Power
Phllco
<
mmmmmr'
-
355/
1
a67% a68%
•
A
&
.v
20
26 %
Curtiss-Wriglit Corp
Bond
a 48%
19
.
Vultee Aircraft: -Corp——
Class
/
'
i 68%
Company- II25
Continental Motors Corp
Continental Oil Co / Del)
Crown Zellerbach Corp.—...J——
Electric
'
*
.
Corp—*.....
Edison
Commonwealth
Cons
Electric
Solvents
Commonwealth
212
.;/
-
■
a42% a42;»'8
Co.—~
Gas
Commercial
844 Va
Week'a
Laal
f/'i' i //: 1 Sale Price
'
(J
Cities
J?
y •...
STOCKS—
//•/;/Hiph/ '
'
Low
/
-
Friday
•••
•
Range Since January I
High
a47% 850%
■
a48
———
Pacific
Railway Co.
I)«Co—..——-—i
Caterpillar Tractor Co___
r_
Case
Low
/
///;
,/;•//.•
.■
.
STOCKS—
f
1
Sales
of Prices
WEEK ENDING MARCH
RANGE FOR
••
1
—*
107
—---1;,r- /
1—1 /
74c
1, *r
22c - ;
11%C
,
106
155
Vi 108%
*
?
:
28,250
12c .://•■>•: 610
75c
25c
25,500
32c
1.16 '/
'-/
.
1.05
103bC
1.35
Jan
Feb
Feb
Jan
Feb
18c
Feb
5.200
63c
11,000
19c
/
"•
/
109
33c
1.36
13c
1.95
Feb
Feb
Feb
Jan
Feb
Jan
30c
Jan
Jan
85c
Jan
Jan
24'% C
Feb
Monday, March 4, 1946
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1190
CANADIAN LISTED MARKETS
WEEK
FOR
RANGE
ENDING MARCH 1
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Friday
'
■
WeekV
Friday
for Week
of Prices
Sale Frlee
Shares
4%%
9%
Jan
98%
410
2,998
101
Feb
Mining
13,100
33c, Feb
55c
12,200
78c
Jan
95C
Jan
45c
48c
27,400
44c
Jan
62c
Jan
12%
12%
545
'*
Mines.
Mines
•
68C
70c
■
.
77c
•
Feb
123/4
Jan
ft
Jan
20c
>
Feb
63,600
37c
45C
45c
42c
45c
1.35
1.30
Jan,
9,400
40c
•*
49c
Jan
Base Metals
:
1
Jan
Mar
75c
39c
9,550:.
Jan
1.55
7.25
17c
515
21%
Jan
350
33% Mar
343/4
320
33
7,300
;s
Jan
25%
Feb
35
Jan
25%
Feb
343/4
Jan
Feb
20c
13,000
20
100
Jan
27c
Feb
22
Jan
-
B
-.Class
1.40
1.30
1.42
65,000
1.30 Feb
1.64
Jan
1.52
1.40
1.53
22,700
1.49 Feb
1.76
Feb
:■
43
River
39
Jan
45
31
Jan
37
75c
85c
114,600
45C
Jan
88c
;
15%
53c
6,297
32,204
75c
1.40
1.50
1.08
1.03 *1.15 -
'•
53
'
Feb
1.45
Bonville
30
30
100
30
Feb
36
8,550
70c
Jan
92c
—
X
31c
34c
49,000
31c
Feb
15
15%
230
14
Feb
13
137/s
75
12
Jan
1.67
1.15
43%
Jan
1,140
1.65
■:
56
Jan
60
Jan
30c
60
60
27C
166,300
35c
33c
38c
21,760
33c
Feb
2ie
Feb
,30c
15c
29%
14
3.300
2.40
6,000
9C
13,500
36,275
91%
97%
1,270
91%
Feb
85C
88c
5,000
77c
28%
29%
1,360
28»/a Feb
26
1,840
24% Jan
14%
14%
25
13%
Jan
14
Jan
:
.
27c
Mar
39c
Jan
23c
2,200
27C
30c
7,200
':
2,724
17
Feb
27%
130
27
Feb
27%
26
273/4
9,577
26
Feb
30%
Jan
14%
685
13%
Jan
14% Feb
5
17%
Packers
Columbia
British
Class
B
•
class A
British Columbia Power
_
_
Canadian
Buffalo
Red
Gold
Jan
37c
12,315
35c
Jan
45c
48c
94,550
40c
Jan
97c
32
32
7%c
'8C
8%c
17,320
*
13%
t3
tf
22
:
•
———;
—-
22
Mar
12
Feb
270
30c
38c
2.30
2.50
11,225
38 %C
35c
40C
13,000
:-L_—
Campbell Red Lake
44c
8%
common——
2.95
%preferred
_50
17% •:
143
106%
Jan
/ Feb
14% Jan
108
.
^
•
18%
16
106%
■
Feb
Canada' Packers
59
45
56
Jan
62
50
12
Jan
14%
38
39%
225
Class
B
:
————
20%
19
21%
1^60
193
195
28
20
19%
21
945
51
»
,
51%
635
36
Permanent
Mortgage———100
Canada
Steamship
common—
Preferred
-
——*
50
-
88%
Canada Wire class A
Class
B
-
——
*
_
Canadian Bakeries common
Bank
Canadian
Commerce
k
Rights
;
i
Canners common:.
Canadian
Car
23%
40
25
50
26
—
,
$1,75
.
Canadian Dredge
Canadian Food Products
: '
♦
27
*
common
13
Industrial
Alcohol
A__*
com
Jan
17%
Feb
20%
Feb
23
Feb
64:
345
59%
Jan
68
Feb
.
.
42%
43
J30
40%
Jan
43
Jan
265
24 %'
Jan
29
*26%
27%
12%
13
preferred
16
.-100
—
230
8,300
1.20
17%
1,565
170
16%
Canadian Oils——-a,——
Old
1.15
1.20
3,710
36
33
,/■■■/,,•V
600:
18%
Canadian Locomotive
Canadian Malartic
1,240
'
20%
17%
,.V
170
25
:
Jan:/'*
15
Jan
19% Jan
21;
17% Feb
22
Jan
33
Feb
39%
Feb
1.35 Feb
1.10
Jan
13%
Jan
18
170
Feb
Wirebound
Gold
Castle
Patricia
Centremaque
Gai
1
.:
Mines.'.
Gold
-.1
25%
Jan
29%
2.80
Feb
1.90
2,600
1.75 Jan
Wines.J———-I——
0
•
Mines
..1
Coastal Oils
2.55
2.60
Cocksnutt
Gold
Plow
2.76
9,425
2.10 Feb
2.55 Mar
3.00
Jan
36c
40c
35,700
30c
Jan
47c
10,700
36c
Feb
50c
Jan
Jan^
16
•
-
73c
i
11
75c
•
.
25
6,000
7%
43c
9,800
1.70
525
1.30
Jan
30c
39,500
25c
Jan
29c
30c
1,760
29c
Feb
4.10
4.75
25,575
4.10
Feb
17%
510
15%
Feb
15%
Co.
1.90
Jan
1.35
25c
v
1.80
1.30
26 %c
44Vac Jan
Jan
1.70
1.30
4.60
Mines
11
2.14
Jan
Feb
£ 1.90 Jan
v
Lake
Commoil
Ltd
Coniaurum
For
73c
78c
12,700
70c
Jan
1.00
75c
1.00
25,100
75c
Feb
32c
32c
2,000
30c
Jan
2.35
2.61
6,800
2.00 Jan
___*
__
•
Mines
footnotes
78c
1
Mines
see
page
2.60
1194.
»
Feb
9c
Feb
9c
11c
22,000
2.76
3.00
11,475
4.50
13%
1.15
1.12
1.20
1.25
1.05
1.25
12
13
: ■
4.50 Feb
111 Feb
1.38 Jart
1.00 Jan
1.45 Jan
2,265
6.00
5.50
1,323
7%
7%
8%
3,429
108
110
105
19c
8,140
-
"
17 %C
17 %c
6
6
39
33,000
7% Feb
32% Jan
Jan
32
Jan
56c
Feb
75c
Jan
4.15 Jan
6,270
5.55 Feb
16%
1,015
14
Jan
109% 110%
65
105
Jan
16% Feb
110% Feb
110%
15
108
Jan
110V2
18%
19%
655
7.60
8.00
3.00
3.05
6,748
016
20c
22c
20,600
18c
Jan
25c
152,500
12c
Jan
22c
Feb
Jan
88c
Jan
Feb
15%
110
110%
^----.—^—100
-19%.
common--—*
7.85
Mines.——1
22c
16C
13c
14 %C
Feb
26% Feb
18% Feb
8.70 Feb
7.55 Jan
3.15
Jan
2.65
60c
69c
28,250
34c
38c
,21.900
28c
Feh
39C
87c
152,800
59c
Feb
Feb
59 %c
87c
77c
25C
Jan
16c
18c
16,600
9c
Jan
1.Q7
1.15
20,600
90c
Jan
65c
39,900
28,000
14,626
6,000
53c
Jan
30c
Feb
,
1.15
1.30 Feb
•'
59c,
32c
30c
32c
2.30
2.20
2.36
23C
22c
9%C
8c
22c
10c
106
110
56%
56%
127
Jan
Jan
Jan
10c
Jan
.
common—
*
Jan
15C
Jan
26C
Jan
1,400
15% Jan
34
Feb
Ealcrow Swayzer
:
:
52%
13
55
Jan
34
Feb
42
Jan
11% Jan
55
Feb
14
Feb
630
160
V
50c
.
57c
13,650
49c
Feb
2,235
14%
Feb
17
14c
17,200
13c
Feb
7c
Jan
4.70
Jan
13c
%C
23,100
5.00
5.75
400
10%
10%
18%
18%
7c. :.
.
0
7
7c
12% Feb
18%
Jan
19%
Feb
11%
Feb
14%
Jan
1.01
Feb
1.24 Jan
31c
Jan
35c
Jan
2.70 Jan
v
1.01
1.10
23,030
25C
25c
27c
18,800
20c
Jan
25c
28C, 4
14.900
25c
Feb
1.04
..
2.20
2.36
Jan
Jan
6.00 Feb
50
26 %c
.-1
18c
850
y
'"Vi '•'••;•/"
Harricana Gold
'
2.20 Feb
6,214
I Hasaga Mines ——————
;::v'...
£1
24C
7,000
24c
Feb
■4 45C
48c
4,000
43c
Jan
i
2.90
2.50
3.00
29,800
..1
54c
5Qc
57c
90,300
47c
Feb
Jan
Jan
3.60 Jan
63c Jan
9c
Headway Red Lake
Gold Mines
10c
4,000
9c
Feb
14 %c Jan
Gold——i———1
—
Hedley Mascot
Cadillac
—
——
Heva
Highwood Scarcee Oil
—
24c
Hollinger Consolidated
Home Oil-
Gold Mines
5 ^
ZZ--ZZZZiU
Yellowknifer
Homestead Oil & Gas
Homer
Hosco
1
1
Smelting—
1
Hugh Malartic Mines
v.:'-#"
.
•
•>'.£!
Jan
Huron
18%
Jan
20%
&
Erie
<*
27c
22
23
17
17%
18%
300
■
>4,275 ii
08
30c
69<r
2.50 Feb
I
22
Feb
25%
15
Jan
19%
3.30
Feb
4.40
3.30
26C
'be
24,300
25c
Jan
-.35c.
Jan
16,200
7%c Mar
10c
7%c
8%c
Jan
64c
33,800
60c
Feb
74c
Jan
60c
32,622
44c
Jan
Feb
52C
58c
73c
57c
42
995
37%
Jan
Feb
41%
40%
45%
20c
Jan
30c
Jan
48
Jan
104
Feb
62c
"
22c
22C
21c
19,200
,
;i:v.
WZpZ 5V
103
•.:r „41
95
19%
19%
loo
17
27
28
585
157/a
15V8
16%
\ 15
14%
15
Feb
31
103
40
40
common———100
paid ——i——
2.75
Feb
V v
-V'
*V *
Imperial Bank
Imperial Oil
Imperial Tobacco of Canada
Preferred
vlj-r "5^ ...V
/•';>
10
—"
ordinary_5
:
£1
Jan
3.35
*
;
Jan
Feb
27 %c
8c
Gold Mlnes-1.
Howey Gold Mines.
Hudson Bay Mining &
:
_
Dauch
5.00
Jan
% Feb
10c
:
9V» Jan
375
;
12%.
11%
12
_*
Feb
60c
15%
14 c
—-----1
-1
Mines..—————1
-1
Mines
1
Hard Rock Gold Mines—
Jan
15
14%
53c
0
—
—W——
43
391
1
14
5.00
Harding. Carpet———.:—.
Harker Gold
30%
13
Feb
694
50
.15%
Mines.'————^-1
.1
Cotton
::
f
52
.J*
1
Gold Mines—
Hallnor Mines Ltd
Halliwell
Hamilton
■
-1
Alabastine——
S3
27%
0
Saddlery com
30%
50
::
52
..
*
Gold Mines Ltd
28
:: 28%
*
L-
Hunts Ltd class A
Jan
Feb
115 : Jan
56% Feb
53%
5,000
20C
17C
Feb
106
230
.54%
79c
40VbC
:/ : 2.65 Jan
Jan
35c
Jan
2.00
7c
26c
106
*
vtc
Paper
Feb
Jan
Feb
57C
63c
--———————5u
1
Jan
1.05
Jan
35C
i
1
——
Jan
30
185.
5.35
:
Jan
24c
5% Jan
28
Feb
1,870
31%
56c63%c
Jan
Jan
119
Jan
17c
535
28
5.00
Jan
9%
Jan
5%
90
31%
63c
Jan
60
1
31%
6
50
>
48% Jan
28%
*
*
6.35 Feb
Jan
42
160 ;
49
—————-—1 ■
36c
1.23
Feb
13
Jan
10
5.50 Feb
58%
Mines————1
35c
35c
! Jan
15
Feb
11%
6,460
31,100
Jan
'
3.50 Jan
152,740
50'
<
Jan
13c
3.35
Jan.
2.70
127,500
4.15
11%
1.60 Jan
v
Jan
II
19%
Jan
'
—j
__
Yellowknife
62c
52
Mining
i.V
Colomac
Jan
4.30
Jan
11
38C
Feb
38C
29c
__
Willans
Feb
45,000
60c
Lakes
Hinde- &
—1
Citralam Malartic Mines
Cochenour
4
;
Chesterville Larder Lake Gold Mines —1
Chromium
4,475
36c
Research
Chemical
60
2,100
23%
40c
Mines
Gold
29
3.60
21%
22
*
Boxes
Central Porcupine Mines
Chateau
24% Feb
27
3.35
.25
Ry
Quartz
Trethewey
Central
21% Jan.
27
3.40
1.78
Pacific
Canadian
•60c
■
1
Heath
Cariboo
Jan
54c
lie
'
Canadian
46c
1.20 Feb
46
Jan
Jan
150
Feb
—1
Jan
12
32c
Hoo
Hamilton Bridge
Jan1
20,200
16%c
Gypsum Lime &
Jan
21%
22
310
24,300
36c
—*
preferred
Gunnar
23% Jan
1,520
1.49
33c
Jan
1.85 Jan
1.29 Feb
Bousquet—~
Great West
Jan
2,215
1.20
17%
Jan
13
55
Preferred
26% Jan
23
23
20
18%
24
44,400
49
Common
.
18%
•
A
Class
Canadian
—
Vtc
Feb
61%
64
•
common
■
70c
1,40
2.88
• t.
Great
Feb
Jan
..25
Graham
Jan
28 »/4
•
Preferred
:..
Feb
17%
,
preferred —————loo
12
22J/2
.
21%
•
22
Celanese
Canadian
Feb
22% Jan
440
26%
Jan
25c
175
23^
22%
26
r
20% Feb
74,205
22%
& Fdry common
Jan
9
17,871
-
28
18% Jan
•
Class A
Jan
Jan
1.29
——l "■■■
Goodyear Tire & Rubber common-.50
Feb
.
1.35
5.65
class A
Gold
Goodfish Mining
Feb
89
26
1,925
20%
20
preferred
Conv: preferred
~
120
22
221/4
«
1st
Canadian
10%
21
22
__
—
52
84
40
®
Breweries common
Cenadian
115
28
10%
i ft•:
.
88%
Jan
47% Jan
1,178
Mines-^.--^--——------_1
1
Goldora Mines
Feb
23
16%
.
Golden Manitou
Jan
109%
50
15%
———
Gate
Golden
,
—
*
.
_
88
25%
196 c;
Jan
17% Jan
,
1,145
30% Feb
111
Jan
110% 110%
15%
f££:/•''v.'
21% Feb
17% Jan
178
■
V
25
23
25
110 >/8
C warrants
.
Canada
25
7,143
925
1
Golden Arrow Mines—.
40% Feb
Jan '
.
48
15%
22%
16%
Goldhawk
Feb
.
Feb
common—————*
;
100
Gold Eagle
Jan
13
39%
class A
Feb
23
Power
Goldcrest
Jan
58%
58%
*
—
24
22%
God's Lake Mlnes Ltd
——*
Gold ale Mine ——————
Feb
12%
Malting—1—
Canada. Northern Power—
Jan
——~•
—
5%
.
"""
Canada
Feb
21
46
:
14%
Lake-Porcupine Gold—---—-—l
Glenora Gold ————————1
Jan
111
'
!-100
Canada Cycle & Motor preferred
16%
Gillies
Mar
80
145
Jan
131
Feb
Jan
——.
—„
Giant Yellowknife
9% Jan
39...
Jan
13%
21%
13%
22 %
48
5.20
■■
iMC/!'; •
3.30 Feb
75
1,784
144
100
Feb
45
50
-25
preferred
5%%. preferred
Oeneral Steel Wares
Jqn
2.40 Jan
25
80
78
.
16%
17%
*
common
Preferred
25 Va
Exploration —————*
•-
Jan
51c:
Feb
6%
Feb
Gatineau
*
Feb
.v.v Y-
250
/v/ 9
8%
'
265
Frobisher
Feb
2.15 Jan
6,400
3.00
2.75
2.75
1—1
23
Francoeur Gold
Jan
32%
-Vy-•
.
Feb
21 %
—1
Foundation Co '
Jan,
Jan
:
15
—..—
Ford Co of Canada
Jan
26
15
Feb
35c
7% Jan
—.
—
Nickel
Fleet Aircraft
Feb
28
10
38c
955
12
Kirkland Mining..._
Federal
Feb
30c
23,900
32
2.45
-
*
preferred-
Calmont Oils
*.;'•£/ •
Vn. v-v-v;-
25
112
v
133/4
Preferred
Jan
15
Jan
23
12%
32
t
t|
•13
22
12
12%
—*
1
Farmer Candy ShopsFederal Grain common
Feb
9c
Jan
4c
11%
57C
Fanny
Mar
32
Jan
23%
1,775
10%
Jan
6.10
Jan
12%
Players.
Famous
1.58 Feb
1.20 Jan
42c
30
Calgary & Edmonton
Cement
72c
35c
_
Bousquet Gold
Canada
Feb
1.50
♦
Bread
61c
15,400
8,390
39
33C
—— .
Falconbridge
Jan
Jan
9.25
0
t.
1st
5
55c
1.35
.
Linen
Feb
Jan
8.00
•:
31V4 Jan
Mine's———.I'
Equitable Life
Feb
4
40c
—*
Steel '
Class B
Canada
65C
/
43C
!i—
Burns & Co class A
Caldwell
61c
31%
Jan
28
215 "
83,800
13,900
4Va
47c
36c
0
Mines
Building Products-—-——-—
Burlington
Feb
1.40
Lake Mines.
Bunker Hill
Jan
50
8.55
0.
--Si
Buffalo Ankerite Gold Mines
Buflalo
28%
Jan
645
4
40c
45 %C
61c
-1
Gold Mines.
Buffadlson
■
...1
Porcupine Mines, Ltd
Broulan
■:
Feb
38
30%
29%
•,v>.
•
26
730
47/
45
29%
_
_
Oil
Dominion
W49f
1,828
27%
26
27
•
common-
1,040
1.41
Gold Mines
Eldona
•
British American Oil—.
Jan
34
1
Gold'
15'/2
15
Eastern Steel new common—
Elder
Jan
27
^ 15% Jan
14
Co.
Crest
East Sullivan
32% Feb
31%
Mines—.
Oil
"
East Malartic Mines
Jan
26%
14
•
Jan
94c
50
Gold .MineS—
East Amphi
East
18% Feb
17
27
•
Distillers
&
22c
28c
50c s Jan
Jan
113
34
Chemical common—*
Preferred.—---100
common^———*
Donalda Mines
1
1
Mining
1.90 Jan
Jan
1.55
-
3.05 Feb
10 %c Feb
Jan
25
Dominion Woollens
Duvay ,Gold
:
1.85 Feb
: 6c
tlan'
,
1.79
9c'
—
Dominion Tar &
Duquesne
Feb
,
1.65
29%
•
*
-———
Feb
Jan
2.65
Jan
16
Jan
245
31%
Jan
185
16
:
85c
1
—,
-————-——*
Dominion Stores
Feb
...
Feb
■.
20%c
15c
<95
Investors pfd—50
Dominion Steel class B—25
Feb
60
17%
Cordage
Feb
Feb
3
31%
9c
Scottish
Dominion
Jan
23c
Brazilian Traction Light & Pwr com.
-
1.75
"
common
Dominion Malting common
Jan
21c
;17
26c
*
Jan
55
Jan
53
15%
2.50
Mines—-—!
Magnesium
Dominion
14% Feb
22 %c
Ltd—
pfd
Mines,
Dominion
Jan
45c
34c
•
Feb
1.40 Feb
86c f Jan
"
15%
Mines
86c
Feb'
-1,480
*
10
preferred25 ■
Fabrics common—
*
Foundries & Steel com—.—*
Dominion
Jan
Gold Mines.
Feb
ai
15%
Dominion Coal
Jan
83C
_
Boycon Pershing Gold
Feb
70c
41,350
.2%
|Jt1
Dominion .Bank
Jan
79c
50
Mar
32
Mar
40
2
i-
•
2%
,
28 V»
13
Jan
67c
67c
1.45
Feb
1.95
Jan
53d
Ltd-——-——--——*
Dome M ines
Jan
1.15
.1
Mines
Gold
Brewers
Jan
8,000
1.25
13%
..1
Bonetal
Brantford
1,100
15
1.15
Hats
Bralorne
;:
14%
1
Bobjo Mines Ltd
■4
190
66c
Feb
175
15c
Mining
Diversified
Feb
192
'Jah
181
478 j
192
190
191%
—_5
:;/ Preferred—..
Coin
13
31%
53c
*
Seagrams
Distillers
Feb
Blue Ribbon common--..-—-
'
10%
30%
74c
A
Dickenson Red Lake
Feb
r
—-—i—
Bidgood Kirkland Gold---
V
8
110
13
30%.
———1 ■
Mines—«—l
Denison Nickel
Feb
30
———
BevcourtGold
Biltmore
260
38
43
83c
Canada-—100
^
1
Mines
1
45
36
'■
—4
X
Bertram & Sons.——
■
Jan
————
Delnite Mines
Jan
19
%c 21 %c
20
21c
24c
■'
343/4
Quebec Mines
Belleteire
•
1.20
Petroleum.
Davies
Feb
58c
Mar
38c
32%
.
'
Bell Telephone of
.
73,500
Cub Aircraft
■
Feb
33%
25%
'33%
—*■'
Yellowknife
Beaulieu
4%
1.80
Feb
Jan
'24%
17%c 19% c
V 19C
1
1
Class B
Calder
1.43
-
Exploration & Radium
Ltd
Beatty Bros class A
Beattie Gold Mines
British
1.70
Pershing Mines—,
Davis Leather class
55,100
42c
38c
.
19%
Bear
Berens
Jan
'
1.23
4.50
54,000
6.70
Bathurst Power class A---—
•' v
•,
' V -V:.' ••••• V'.S.y'&V#'■1>-•
Jan
156%
1
Crowshore Patricia Gold—1
Crow's Nest Pass Coal;
———-100
Feb
55C
i
Jan
60c
191,610
1.40
6.05
32c
-v
75c
65c
73c
'
-
6.30
1
-10
10
10
-—«.*
Toronto
of
Bank
.78
239
Crestaurum Mines'—-—
Croinor
44c
-1
Mines
Consolidated Mines
Montreal-—
Bank of Nova ScotiaBagamac
Bankfield
2,226
175
Jan
87c
12c
•
Bank of
80
170
Corrugated Box .common,
——*
Cosmos Imperial Mills,*—-<—:
Cournor Mining—;
—1
Feb
tin 3%
:
52c
4,000
128,000;
18c
14c
••
X
X
X
—X
1
Mines
Yellowknife
Aubelle Mines Ltd
Atlas
81%
Jan
85c
45C
X
Mines
Geld
37C
78c
12%
1
'/■
;
:
■
Aumaque Gold
33c
84%
—-100
————•
Conwest Exploration
Jan
Feb
19
91%
173%
(Toronto)
Consumers Gas
3% Feb
1.99 Jan
.
High
Lout
.16% Jan
410
18%
18
18%
Consolidated Bakeries
.————-—•
Consolidated Mining & Smelting
5
Jan
80c
—J
1
Ashdown Hardware
Aunor
Jan
2,000
-
12
Range Since January 1
-
High
Low
Par
High
34 %c
J
Mines
-1
Ashley Gold
Astoria Quebec Mines
Athona
/.
v27/a.
2%
2%
Armistice Gold
Arntfield
Low
99% 100%
•
Range Since January 1
-
9%
9
•
100
STOCKS—
—
Gold
Arjon
"Z100
preference
conv
Warrants
High
Zow
Par.
Argus Corp Ltd common.—.
■
Range
Last
STOCKS—
Sales
-
8
■
8%
■:
Jan
10,104
15%
Feb
2,950
13%
Jan
65
7%
Jan
n--
"
,
26
■
Feb
30
Feb
?:/■. 17%
16
8%
Jan
Jan
Jan
Volume
163
Number 4469
;
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
Friday
;
f;
Week's
last
57c
1.30
International Coal & Coke.—iX
International Metals class A
■
Preferred
;
.
31
120
International Nickel Co
International
Internation
common..
Petroleum
1
TTr8n<"tn
.41%
22%
jao
■37/
39
: 30r 31 V*
105% 105%
41
"43
„
..jLl—l—.
52,300
560
10,600
y
)1
5,500
580
10
\
-3,070
Island Mountain Mines
«
22%. 23%
13,305
1,46
Mining
1.46* 1.60
21,200
2.15
2.15
.
MARCH
1
;
Friday
2.20
2,600
Week's
Range
50c
STOCKS
Sale Price
High
1*4 ;
80c
Jan
Ontario
Jan
9y4
14
Feb
OrangeCrush preferred
1.20 Jan
-
'
Feb
1.65 Jan '
Steel
Orenada
common
Gold
for Week
ef Prices
Last
Range Since January 1
Low
61c
13j13%
—.
Inspiration Min & Devel.
>
Shares
High
50c
ENDING
for Week
of Prices
Low
Indian RedyLakeL—i—...
Inglis (John )_
LISTED MARKETS
WEEK
:4;
Range
Sale Price
STOCKS
FOR
Shares
Low
24Va
Sales
Range Since January 1
Low
High
23
24%
90
21
Jan
14%
30.
14%
High
26
Feb
15
Feb
Feb
2.45
33c
—
14'/a
2.26
\
38c
;•••<■
Mines
34
Jan
39
Feb
;
Orlac Red Lake
30
Feb
-32%
' 105%
Jan
|
•Osisko
Feb
..£
i
102%
Jan
-40%- Jan-1.40
47 -
Feb.
Jan
22
27%
Jan
Jan
1.90
Jan
2.30
Feb
1.42 Feb
Lake
Pacalta
Page
V;-,f;>
i
Oils
-Pacific
I
Mines
.
:
Petroleum
Hersey
•/> Jk
(new)
T-^'-vI. •' '.»•••
..
"..
•
•
;'}
>,v.•;«
■
;y:
Jacknife Gold
Jack Waite
Mines.
33c
31c
35c
29,500
31c
Mar
.llll.
34c
33c
37c
6,500
30c
Jan
Jacola Mines
Jason
M
Mines
.i.——
Consolidated' Gold
Joliet
7c
' 7c
54c
,
51c
61c
6,633
5%c Jan '
46,155400,;.L.Jail
'
40c
Feb
40c
Feb
'
Porcupine Mines
i
Quebec
Pantepec
Jan
65c!:-";vFeb. '■
9c
I.
Kelvinator
Co
.1
—L.
24%c
.1
96 %c
Gold
I Pen-Ray Gold Mines.
Peoples
Credit
Perron
Gold
32c
Picadilly
Porcupine
Pickle-Crow
Kirkland Hudson
Gold
29
%'c
36c
15.600
9
9
9
1.60
1.55
1,76
i 1300
15.950
Securities
Mines
Canada.
Kerr-Addison Gold Mines.
11%
20c 24%c
Malartic
Paymaster Cons Mines Ltd
—
of
Mines
Malartic
Partanen
11%
L.
Journal Pub Ottawa.-.
Kayrand Mining
Oils LJ__.
Paramaque
Mines.
_i
Ltd.
Pandora Cadillac
Parbec
Jellicoe
J
7c
Mines
•
Pamour
Gold
Mines.
Mines
Pioneer Gold Mines of B C—
-<•-*
* /£; ,\\
v 1,■ -} r'^ ' '
Kirkland
Lake
Kirkland
Townsite
,
'
Labatfc (John)
Labrador
—
Porcupine Peninsular
Porcupine Reef Gold Mines
Powell River -'
-—I—.—
Mining
Lake
of
Woods
Luz
Powell- Rouyn
,
A'.-.'
'
Laura secord Candy-. ....
Mines
X
a-
Prospectors Airways
Mines^..
Purity Flour Mills
...
'
-O
'.if
72c
ii..
-
Milk
Quinte
Little Long* Lac Gold Mines Ltd.
Lofalaw Groceterias class A—..
—
Products—.^.
Reeves-Macdonald
Class "B"
-1
1.20
1.20
1.45
1.410
35c
33c
37c
15.600
-1
—
13%c
13%o
14c
2,900
69c
41.200
18c
8.400
Regcourt Gold Mines..——.
Lynx
Reno Gold
Goldfields
Lundward
Gold
Richmac
Mines...
Yellowknife
-
Gold
Mines
-1
69c
62C
I
-.V.'v.v
r
Gold-
Macassa
-1
-1
27c
25c
27c
,1
60c
53c
64c
60c
32q
7Vac
62c
■
17c
17c
Jan
Jan
Jan
Feb.
:6,
149,500
Mines
Gold
Rouyn Merger Gold Mines——
Mines
'
-V "..'-M-
Roche LongLaC————
Rochette
MacDonald
Feb
53
Queenston Gold Mines——.,
Quemont Mining
-
Lingman Lake Gold Mines.—..
Louvicourt
Feb
^14'/a Mar
,
Quebec Gold
Quebec Manltou
Jan
22 %c
common.
Preferred
■"
.......
...
>
Mines..
Purdy Mica
Leirch Gold Mines, Ltd-.——
Lexinden Gold >—.Ll.—.
tKVJ''*''
;
Dome
Proprietary Mines
_
Oro
East
Preston
fh
—
Pressed Metals.
Mines..
Lang ^Sons—__..i—
Lapa Cadillac
Lapaska Mines
i.——.
Lebel
Corporation
Premier Gold Mining Co-
Lamaque Gold Mines
r;'-Vy.4
Gold—
Voting trust certificatesPower
common
fi Preferred L_„_,1—_
La
„
Exploration.
&
Lake Dufault Mines Ltd«-L—.
Lake Fortune Gold Mines..!...
Lake Shore Mines, Ltd.
—,
14%c Feb
25c
Feb
51C
Jan
13.300,
'''
■>
MacLeoa-Cocxsnutt Goia Muiea.
Roxana Oils Co.
Madsen
Lake
Red
Gold
Royal Bank
Royalite Oil
Mines.
Magnet Consolidated Gold
1.22
1.15
1.22
30,350
r 24Va
23 V2
24%s
22%
1.445.
—
22
80c
20
22
,
265
„
Jan
Jart
Feb
Fields
Gold
Maiartlc
-•
■W
—
—
Rush Lake Gold Mine
Manitoba & Eastern
Russell Industries
—
common
Ryanor Mining
Maple Leaf Gardens common
— mm — mm m~mrn. *mm.
Preferred
Maple Leaf Milling Co
)Saginaw Power preferred..
common.
Maralgo Gold—...
......
94
..Jan
•V 'v^
i-'
'i'r)
'
I*?'
San Antonio Gold Mines Ltd
'Sand: River Gold
Martin-McNeely Mines
Massey-narrls
Feb
■Jan
'-r-
Rouyn Gold.
Feb
9%
37
St Ljawrence Paper preferred...
—
Marcus Gold—
Marlon
105%
Lawrence Corp common——
Class A preferred...
—
St
———
.Sannorm Mines
common———...
fi Preferred;
Senator
McBrine
(L)
Rouyn, Ltd.......—
Shawlnigan
^
Shawkey
Sheep Creek
i
& Co preferred—
McColl Frontenac Oil
Preferred
McDougall Segurs
McKenzie
Red
McLellan
Gold
Pherrltt-Gordon
——
Sicks*
Mclntyre Porcupine Mines™—
Lake Mines
Mines.
common
Voting trust
-
,
Brewery
Jf-
Sigma Mines
—
Silknit Ltd
McMarmac
Red
McWatters
Gold
Gold
Lake
35c
Mines
Feb
50c
26 %c
Mercury Mills
Jan
36c
17%
L—
Jan
19%
Feb
common
Silverwoods
Jan
Dairies
new
:
Simpsons Ltd class A new.
Feb
Class B. new
Mid-Continental
Oil &
Gas
13% c 15 y2
Mining Corp
Model
Oils
Modern
10%c
25 %C
22c
38
42
42
Preferred
Jan
12 %c Jan
10%c ll%c
22c
_______
Containers common
17c
c
V
Knitting
Preferred
a
Feb
Malartic
Bladen
South
—.—
-
Springer
--All-*
Class A.
Class B
Mosher
Vv
hL
Sturgeon
—
•
Stadacona
Mines
Standard Chemical
common.
•
Rights
5% preferred
—
■
—
—
Long Lac————..
Standard
National Grocers
common——
•
.
..
Petroleum
Southam Co
porcupine
fA*i'
■
End
Mines
(N)
new——....
Montreal Light Heat 6s Power—
Moore Corp common..
..
...,
Jan
New preferred
Monet
v.
new
Siscoe Gold Mines
Slater
Monarch
common.
Preferred
Paving
common..
Preferred
Standard Radio
National Sewer class A..—..
Starratt Olson Co..——...
National Steel Car
Stedman
Negus Mines
New
New
Nib
——————
Bidlarhaque
•
—
a....—...T
Calumet Mines
Yellowknife
Nicholson
47c
70c
——..
of Canada common—..
,
Preferred'
21c
Steeloy Mining Corp
Steep Rock Iron Mines——
25c
4.70
——
—
Malartic Mines.-,!
Norgold Mines
1
Normetal Mining Cori» Ltd——.
64%C67%C
Mines
preferred____.i-.L___.
Jan
,1.05
Jan
? "12c
13c
14 %c
Feb
Sudbury Contact
1.40
1.70
2.08
Feb
Sullivan
Mines
Northern Canada
Oil
72%
88c
88c
—.
45c
Sturgeon River Gold—
Surf
Norseman
Northland
i.
Sterling Trust
Stuart
Noranda Mines
No.rbenite
—.....
80c
25c
4.40
Nipissing Mines
Brothers...——
8teel Co
2.90
43c
23c
—
Mines
2.30
Cons
Inlet
20c
3.25
Mines.-
Consol
>1.00 Feb
Gold
4.10»Feb
Sylvanite Gold Mines
Mines
Taku River Gold Mines———.
Tamblyn
Northern Empire Mines ——;
North Inca Gold—...
(G)
common
Teck-Hughes Gold Mines
—
North
Star Oil
Thompson-Lund Mark Gold Mi aes.
Okalta
Gold
Oils
Mines—*—
:
2.85'Feb
—
55c
Feb
Toburn
Toronto
Gold Mines—
Omnitrans Exploration
Omega
For
footnotes
see
/22c
Jan
22c "'Jan
page
1194.
22
Tip Top Tailors—
Feb
28c:
O'Leary Malartic Mines
66c
85 %'c
Thurbois Mines
O'Brien
Gold
:
'
1.95
Feb
—
Elevators
Preferred
Toronto
Jan
Jan
Jan
Mortgage .—-l_————.
36
Jan
52
Jan
104%
Jan
Monday; March 4, 1946.
FINANCIAL CHRONICLE
THE COMMERCIAL &
CANADIAN LISTED MARKETS
*
-
f
Last
,
Range
Sale Price
Exploration
Traders' Finance
Twin
28C
'
preferred—
City Rapid Transit
;
,■:
30C
16%
r
-
Low
-IVS
"
26c
,•
75
17,700
,36
16
-39c
Feb
1.30
Feb
Bell
Jan
Bralorne
1.80
Jan ;k
-
Jan
104
*
Bathurst Power & Paper class A
Jan
Trac Light
Brazilian
,
(Jhlon Gas Co——
Union Mining
Class B
£—
50;
B__—
Oils
-
Feb
■
.
••••
14V2C
Steel
;
;
Jan
13%
'
-
c
Feb
3.98
—
Upper Canada Mines Ltd.
' ;V.
«.
.
.
»
•
■
,
■
»•
Vermilata
Oils'
Mines
Vlllbona
—
Jan
.
Feb
..li
30% Jan
"<
23% Feb
27
;
4
Jan
,
>.
<
Jan ;
Feb :-r,
; Jan
31V4 Feb
V..;,'Jan
•
r
23% Jan
32 ;Mar
24% Feb
Jan
-.-vr:u/»' ii,
inn
100 ;
.
171/4 r 16 % 17%
:'
26
—
—*
.
14
14
2.728
291
26%
18
75
20
20
—
Preferred
145: .."::v,:
144% * 144
—.
Canada Iron Foundries
:
• ,19
26"/a -Feb•
20%
Canada Porgings class A
—
192;.
r
/>.,
22
20
.
Vicour
Jan
% Eeb:
22% Jan
23% Jan,
common
.«
'■;£
Ventures, Ltd.
210
i«-u«
•,;»'-*4 \
•*
i;
/
•
»•••
'
-v
17
1.155:8601
30
4%
4
4
-
Canada Cement
Preferred
Jan
;
30
Building Products class A
Bulolo Gold Dredging
Feb
9
» 7,668
19'A- Feb
,81%
.
High
Low
27%
23%
26%
23%
—
;
Range Since January 1
.
1.790
300
100
26%
*
*
Shares
19
20'/a
191
192
17% 17 '/a
23%
;
—.
Eiuck Silk Mills
United Fuel class "A".
United
*
& Power
British Columbia Pr Corp A
,
United Corp class A—
Class B
United
20 Va
191%
British Amer Bank Note Co
—
Class
*
£i—~
Ltd
Mines
fur Week *
High
Low
100
Telephone
20% Feb
•
Range V
of Prices
.>
•
,
Sales • : :
Week's
.
l
iPar,
High
■
Feb
103
19
ir
v
Sale Price
STOCKS—
Range Since January 1
4,400
104
1.50 5 ;;
v '1.40
16%
common—
High
104
•
1.46
1
—;
Friday
:.i'< Ltmt
Shares
27c
•
.
transcontinental Resources-
-.*>
for Week
totO
[
Towagmac
1
ENDING MARCH
>•;
of Prices
:
.
Sales
FOR WEEK
RANGE
>
vveek's 'i4''
^
i'jiushy
40
357
,
:
Gold
Mines
Ltd
Northern
Canada
Waite-Amulet Mines, Ltd
Walker-Gooderham & Worts
Power Corp
Canada Steamship common
5% preferred —
—
com—
Preferred-
Canadian Breweries common
Rights
Wasa
West
Lake Gold Mines—
Canadian
Malartic
Westeel
Bronze
Canadian Car &
common
Foundry common-
Products
Canadian Celanese common
Western
Grocers
u
Westons
165
Ltd
common
28
167
180
180
——
,.
*
common
Preferred1
180
27%
Preferred
Preferred
—
class A—.
Canadian Converters
Class B
28%
.
Canadian Cottons common
108 108%
—;
Preferred
Wiltsey-Coghlan Mines
Winnipeg Electric common.
!
.v.'**
Va
i-t
Gold
Class
Mines-—.—i.
pz
*
v."-
•„
W
*
,
i
>
-
Combing
Wright Hargream Mines—
I
n£
-
,
1
B
:.
4
■■
;
";Yellorex
Ymir
.
Canadian Locomotive
"'Canadian Oils
.
Canadian Pacific; Railway.-..;
\
''
.
Investment
Foreign
'
Wool
4
'
'
.
Canadian Ind Alcohol common
t
Winora
v
-
-
Canadian
Preferred
('.It
—
1———
Mines
Yankee Girl
Cockshutt Plow
-
j V-
York Knitting
Consolidated Mining &
common
Consumers Glass
•,
Smelting
.
Davis Leather Co Ltd class A_
i;.
Class B
.
Distillers Seagrams common-
Dominion Bridge
^
Dominion
Coal
Dominion
Dairies
preferred
common
Preferred
;
Toronto Stock
•
Exchange-Curb Sactioi
•1''
■
(This' week's
compilation
begins
Canadisa
Friday r
Andian
National
Asbestos
Low
.
.,
50
21
Jan
23
30%
Feb
35.
Jar
415
58% Mar
6
&
Dominion Sugar——!.9
Canadian
Western
26
1!
—
Lumber
Dominion
Textiles
Donnacona
Gatineau
Power
common
31
32
1
11%
1
Gypsum, Lime & Alabastine———
iGei.eral/Steel Wares common
4
;
500
17
5,741
50C
2.10 Jan
,
2,600
14%
4.00 Jan
15% Feb
18%
..Preferred
f
Jan
85c
7
Jan
14% Mar
16%
Jan
17%
5
Feb
20
43
750
39% Feb
45
91%
95
135
92
Jan
95
Feb
15
Feb
18
Jan
17
17
25
1.95
4,400
25
34
370
46
48%
90
124% 124%
20
5 1.75»
.......
—-——100
iangley's preferred-!————100
Minnesota & Ontario Paper..
.8
57
-
57
1.75 Jan
Jan
45
Feb
124%
56
5"—
39
m
■"
Oreille
4,400
r
Feb ;
\
31
32
Jan
111
111
iQ
42
•i
common.
Stop & Shop
198
i
Temiskanung
52
50
.
5.00 Feb
2%
17,500
13c
;
58%
Feb
25c
5
Mining—.
Feb
28c
.
Feb
17% Jan
15%
16%
15
14%
15
v
■
33c.
'
-:'f
53% Jan
53 ya
Jan
22%
23%
133 Va
Jan
47%
49
42
27%
42%
.
257/b
30
31
157
,f 157
Lauras Secord
.
Legare
Ltd
^
pfd—
Massey-Harris
"i
•»
•
Montreal Stock
Caaadian
:
\'
3lt££@
Exchange
' '
*
'
week's
compilation
begins
on
Friday,
Feb.
22,
and
ends
'-'W'
' stocks—. -? X:
Last
Par
Acadia
5%
and
Atlantic
Sugar A
preferred
Acme Glove
22%
~ioo
•
Works Ltd com
Agnew-Surpass Shoe
Preferred
corn.
——
22
(i{
29
116
—
116
•
-»
22V*
-v.'.;
"
29
,
116
Jan
H'/a Jan
14%
29
29
Jan
•
■
'115
115
-
Zly
>
High
Sigh
-
24
:
Jan
'
106%
Steel
17
Preferred
-
Aluminium
Ltd
Amalgamated
Anglo Can
•
Electric
Corp
100
pfd
4%%-
31
Jan
116 '
Feb
_
z.~.
108%
18
50
Warrants—'—*————^—
Corp
L_.
—
page
153
>
!
Feb
26
Feb
Feb
102%
!!;92a
Feb
103'
130
20
157
21
.
Jan
160
108
108%
Jan
108%
106
62
V;
V'
"
V;.'
«
'
Preferred
Ontario
1194.
.
9%!
i
)—4 o o
100%
18
18
55
•
56%
56%
9
100
100%
17%
60
Feb
Ottawa
>
520
2%
4>; 32
:
2%
30
2%
32
1.895
3.546
•: 20
Feb
•
•
—
Light, Heat & Power.
Preferred
Feb
12
Feb
Jan
Page-Hersev
101
Feb
Penmans
1
56% Mar
Feb
98%
>
■
•
Jan
common—
Ottawa Electric Rwys
9
....
2.350
froaueta
Aircraft—
Car
55
47
10
—.——
Steel
Jan
! Feb
"
_
common————
convertible preferred,
t.
see
o««;
265
.
.
.
y.:\
National Steel Car Corp...
Niagara Wire Weaving
Noranda Mine3 Ltd-.—.
'"t •••''
Ogilvie Flour Mills common
Ottawa
Tel Co pfd
For footnotes
21%
102% 102%
Corp
Asbestos
21
—.—
Alymmum Co. of Canada
Argus
21%
-
•
:
V, Feb
•
common
v
? '
Feb
-r-
Algoma
Montreal Lignt Heat- 5s Power Cons.
j
>■ ~v;
' y.
Montreal Loan & Mortgage——..
National Breweries common.—
„
Jan
'
103
20
,20
20
A,,
20% Jan
:
100
LOW
£o®
BreweVies.^iiw.^.—ii.*-;
Cottons commons-—.
Montreal Telegraph ___——
Montreal Tramways
Range SinceJanuary 1
40.!:
40
16%
r
■
555
105
16%
0
common
'
'
March' 1.)
March I.)
'
Shares
High
105
Friday,
iriday,
or uwk
for Week
of Prices
Low
current
4
Ral~
Sales
Range
Sale Price
the
on
Week's
!
*
Mitchell (Robert)
Montreal
-
——
McColl-Frontenac Oil;
Molson's
O--
Fund*;
^
(This
:
■
-
:——
—
2
Jan
3Va
Feb
30
Feb
;35%
Jan
Ltd
Tubes- -
-r-
common-—-.—
Preferred
Placer Development
—-—
—
•
810
150
6.920
Jan
55%
14%' 14%
——.
-
"
Jan
■":
'
Feb
45
48.
122% 122 Va
Lang & Sons Ltd John A—
•
;
?
15"% Feb, :,'i
8% Feb
38%
25
(John)
Lake of the Woods Milling common.
Preferred
——————i.
Feb
lj
Jan
45% Feb
Jamaica Public Serv Ltd com
Jan
3% Jan
Mar
112%
42%
41
Labatt
Bros
Southmount Investments
Feb
"
International Utilities Corp
2.60 Feb
12%
33
9%
—
'
Preferred
—
International Petroleum Co Ltd,,*.
International Power common:—...,.
Mar
24
|
11
.14 %
15%
International Paper common——,
57
18% Feb
4100
.
Jan
* Jan"
X
107 %
15l/a
Intercolonial Coal preferred———.
International Bronze common—
Preferred ——...—
International Nickel of Canada com.
f
133
20%v JPefr
•
19%
107%
.
32
g
—
'
,
53% Jan
Feb
;
17% Feb
18%
107
Industrial Acceptance Corp com——.
Jan
j
,
:
2.15 Jan
23%
;
S
:
Preferred
Jan
15%
*,
;
;-:k'
Imperial Tobacco of Canada commof
Feb
40
—
■.it.
—
Imperial Oil Ltd—
40c
70
19%
107%
Feb.
llOVs Feb
111
Feb
110% 111
**
Hudson Bay Mining,
Feb
17%
»4.—
V;>
.
Hawajfth "Bridge:
:
IfowajrdSmith Paper common—
16%
16%
HOV'a
110
110
1
preferred
'
60
15%
16%
preferred
-
2.60
13
International: Paper common..—.—15
Price
48
32
Preferred
I
16
—
Preferred
17%
48
11%
Players Canadian Corp
Foundation Co of Canada
5% %
60
Hayes Steel4,.4..
Pend
18
48
Famous
5%
2.60
common.
Foothills Oil & Gas
wjrfi
i
3.40
50c
—
;
Corporation
English Electric class B_
<
Dominion Bridge"
Paper
•
——
deHavilland Aircraft —
Disher vSteel preferred.J
-.—.1
t
■;
4y8'
3.10
——
■
|
16
M.H
...
.Canadian Westinghouse iiUJ
Coast Copper:
Consolidated Paper .i—.
DalhoUsie Oil
1
:
■—
—
27
14%
Marconi
'(Jai
22%
Vinegars
Canadian
60 ;
.
93%
22
—
6%
90
®
■
-h ;'V
.
Electrolux
171
100
Canada
..
i-jrfg 'f
60
,.
MiUs—-.-4--^
Canada
Dryden
Jar
600
60
170
trust
Preferred
22
.
class B-;
Ltd
Dominion Textile common
High
•.
y
32
——100-,v
common——rTV,- -;
* &
Preferred
;
•
22
—
Silk
Voting
58%
58%
56
& Coal
Preferred
31%
__
Columbia Pulp St Paper com_£* '
Preferred
——
Co'
High
Steel
Stores
Dominion Tar & Chemical common-
Range 8ince January 1
;32
-
British
Bruck
Friday, March 1.)
58%
—
Corp
Atlas Steels
Brown
current
Sales
Shares
Low
Low
,
•
the
on
for Week
of Prices
Sale Price
Par '
,
Dominion
Dominion
-
Week's
BmngO-
Last
STOCKS—
Dominion Glass common
.
Fsada
Friday;. Feb.: 23, and; ends
on
.
Dominion Foundries & Steel
5
Jan
|
\Volume 163 '; Number 4469 / Z
THE COMMERCIAL & FINANCIAL
CHRONICLE
119(3
—i
CANADIAN
LISTED
MARKETS
'
/
•
=//;/
f
;/•/£/•>////'//////■
Week's
Friday
^
//Ziyiy/iyy
,5%
preferred,
,»>/{.
\
'J
i.'V(r
/
.
Paper
Preferred
Lawrence Corporation
preferred
St
Lawrence
105%
•
'
5
„
...
_r
-
.....
,.-r-
106
Feb
60
103%
Jan
38
:
38%
109
Jan
Ford Motor
105%
Feb
Jan
.
9%
Sec
36%
24%
4.992
,
Jan
39
Feb
150
Feb
Feb
94
Ltd
(A.
Jan
24% Feb
42% :
Jan
37%
655
;;,26%;
2.000
25
Halifax
29
Jan'
Preferred
Zellers Ltd common—T
5% preferred ..........
preferred
-
1.75
Feb
Lowneja Co Ltd
81%
175
11
Jan
86
Jan
87
8%
25
175
Jan
109
Feb
205
22 Ya
28%
565
27
25
150
24
13%
1414
13%
14%
99
90
99
92
95
Jan
yj
37
38
160
34
Jan
Jan
38
m,mumm
■
'
'■A
V ' %
x.
•
> - '
Nova Scotia L 6s P 6%
r •
/
V
»
S'VS
1 \
\
Jan
22%
Feb
22%
Feb
28
28
28
25
Jan
100
28
Mar
Grain
Ltd
Co
pfd
Jan
26%
25%
Feb
33%. Jan
35
Jan
20
24% Feb
Jan
•
'■
'; ":
49% Feb
V
V
''
:
^
Mining Stocks
/"■
Frida
1.535
93
Jan
15
177
Jan
Bathurst Power & Paper class
97
182
0
Jail
13%
5%
440
14%
240
;
13%
preferred—18%
182
18%
18%
Brown Company common—...—...
1:.
5% Feb
7
13% Mar
52
27
Preferred
26%
27%
1.000
50
46
50
275
6%
6
Jan
Elder
19
Feb
pfd— .100
Sugar
Canada North P Corp Ltd 7% pfd- *100
Canada Packers class B—.........
Canada
7%
&
Dominion
25
:
Ltd
111%
21
12
12
.100
120
Canada Wire 6s Cable 6%% pfd... ,100
Canadian Car & Fdry class A
..20
Canadian
1.163
70
class
I>
12
/
111
2
27
28
5,075
13%
25
205
'I
17
202
Canada Ingersol Rand Co_—
—.100
.—.100
Canadian Western Lumber Co
2
Co
;.y
•>
;
v",:
:
!1Z;
Catelli Food
Products Ltd
1
common—_•
Chateau-Gai Wines Ltd
•
.r<
Claude Neon
General Adv
2%
16
'
.13%
117
424
16%
60
14
/■—Z;/
17%
17%"'
10
-
10
100.
2.50
7
1.00
7%
1.00
1.00
200
18
17%
,18
122
•
16%
15%
17
18.106
•
Consolidated Paper Corp Ltd
Cub Aircraft Corp Ltd
2%
2%
2%
365 ;■
r
1.00 Jan
15%
15%
1.85
Dominion
Engineering Works Ltd..
Dominion Malting Co Ltd—
see
Co.
page
Ltd..
1194.
•
20
•
48
22%
^
—
6%
48
49%
•i
150
45
Jan
,/ Feb
300
Z
24% Jan
Jan;
14'%
29
Feb
Jan
17%
Jan
48
Feb
49
Feb
25
,5
Jan
is; 16%
Feb
25
.Jan
.
■'
=, ' '
v
27
275
32
IV
29% Jan
12% Feb
Jan
V
9o
%c
12,900
390
44c
670
74C
,.--.7c<
24.800
-
-,
ll%c
Feb
87c
Jan
49c
22,000
•
62c
•
Jan
25c
Feb
39 %o
;
/
74c
Jan
Feb
Feb
Mar
25c
46c
46c
12,500/
1,100
Feb
57c
Feb
23c
23c
1.000
21o/Feb
30c
Jan
14c
14c
15c
3.500
14c
17c
Jan
30c
lie
10 %c 11 %c
—*
Mines
481.700
48c
4.000
40c
42c
69.400
60c
29%
57c
44c
60c
10.000
44c
57c
//f:
41%c
66c
33.074
34c
Jan
29
29%
Feb
10c
13c
,Mar
Jan
490
Jan
35c
Jan
43c
Feb
60o
Jan
72c
Feb
Jan
32
Feb
200
1.30 Feb
1.85
1.47
1.000
1.43
Jan
1.47
Feb
4.20
5.00
51.650
3.55
Jan
4*35
Jan
1.12
1.15
/1.500
1.12
Feb
1.10
4.30
.1.30
1.47
,
1
■.
1.20
1.20
3,200
1.35
1.05 Jan
33c
39c
4,000
33c
Feb
80c
1.00
8,000
80c
Jan
54c
54C
54c
5,600
41c
Jan
1.70
1.70
1.80
1.755
23c
27c
1,500
23c
Feb
35c
j
Jan
; !
Jan.
8lc
71,600
73c
Feb
83c
Feb
4.500
50c
Feb
63c
Jan
18
1.665
15%
Jan
19%
Feb
9c
Jan
i
1.10 Feb
'ii\
6c
7c
2.615
6c
Feb
92C
1.00
76.400
61c
Jan
2.07
1.81
2.24
8.50
8.50
22J/a
1.05
Jan
2.24
100
8.00
Jan
11
Jan
22%
Feb
26%
Feb
28c
Feb
43c
Jan
23%
.
165
1
1.35
1.26
37C
1.40;
*
2.95
2.95
100
1
1.59
1.60
2.100
5.15
5.80
20,125
1
5.20
148,400
9.200 /
4.60
72
72
70
37C
3.000
1.50
1.65
6.200
28c
28C
*31C
24.000r
3.00
2.90
3.10
4.600
_•
27c
40C
1.25
26C
29c
.1
31c
II
27c
_1
290
33c
19C
28c
Jan
24c
24c
2,021
26C
Jan
1.25
1.000
31c
24c
6.25
15,800
2.000
•-
Feb
Jan
7.50 Jan
37c
Jan
Feb
Feb
Feb
Feb
Feb
1.65
75 y4
35c
.
;
Feb
2.90 Feb
8,500
,
19c
.
27c
1.075
1.25
.1
Jan
Feb
3.35
Feb
1.00 Jan
24,050
6.45
26c
40c
.
34c
1,000
35c
6.40
II
_1
,
1.41
Jan
1.45 Jan,
72
1.65
.1
;f 1.17 Feb
2.55
34C
;
37C
;
321.350
8.50
23%
1
Veilowknife—
2.05
51c
6c
—
Gold
1
1.25
62c
63c
1.85
1.80
1.90
.1
....
:4.25'
63c
.1
—
1.10
95c
1.20
1.25
1.20
1.30
1.25
Mines
Mines
Mines
Ltd
Ltd
Stadacona Mines 1944 Ltd
Standard Gold Mines
...
Jan
Mar
2.07
31c
Feb
Jan.
3.85
Jan
29c / Jan
46c
Feb
7.30
1.85
37c;
Jan
23c
Feb
38c
Jan
Jan
Jan
Jan
40c
15c
260
Feb
Oil
2% Feb
.
;-k
Stocks
21 %
23%
,■',.■'275
21%
Feb '
•24%
Feb
40%
41
246
38%
Jan
41
Jan
v
28.230
24.767
30,600 3?
/:
Jan
1.67 Jan
95c
Jan
.
Jan
1.01
29c
Jan
Jan
1.49
Jan
Feb
30c
20.950
1.00
2.200
96c
Feb
37C
38c
3,500
25c
Feb
1
Jan
Jan.
3.50
1.00
3.65
1.45
29c
2.80
1.54 Jan
64c
Feb
99 %c
Jan
42c
3.50
1.00
42c
Jan
Feb
Feb
Jan
/:....'/■.;"
•n*.*.
Co
4.000
/
60c
6,000
/' 3.00
Calgary & Edmonton- Corp, Ltd——.*1 /
Oil
1.25 Feb
1.000
-
/
30c
.
Jan
•
3.10
Sullivan Cons Mines Ltd
Surf Inlet Cons Gold—
Villbona Gold Mines
Ltd--
*
/'/—
Homestead Oil & Gas Ltd_
Pacalta Oil Co Ltd——
1
7%c
Royalite Oil Co Ltd
*
—
*
/
Feb
17
98c
—.1
Mines—i.————
54c
75c
17%
1
Long Lac Gold Mines Ltd
Jan
Jan
1.00 Jan
1.70 Feb
1
Ltd—
49c
<
/
5ic
76c
1
Mike? Ltd
Jan
Jan
1.45
33C
1.00
32c
U945)
:
Jan
49c
Feb
37c
50
29%
Jan
33c
1,30
I
i'/vj
35C
Gold
Jan/:
66c
33c
3,000
1
Slscoe
1.50 Jan
J6tt"
\.y 8c
V
/ 68c 74
29c
Mining & Explor Co Ltd—1
Senator-Rouyn Ltd
Feb
18%
t
120
'
Mines Ltd
Sherritt-Gordon
Jan
8%
Feb
i
12%
Jan
Mar
23c,
.—I4
Mines—
Shore
Shawkey
Mar
.
Feb
10
12/12%
73C
Mines—
Lake
Quebec
Jan
18
Jan
-
Red Crest Gold Mines Ltd
Rochette Gold Mines
Feb
75
Jan
>i
Feb
30
50
.
:■'V
44c
,
Home
V.'iW
Jan
3.350
48
14V2
Jan
8
Jan
25c
50
;
41
109%
Feb
90c
Feb \
25
<
15
48
•4'v-8<y
Pitt
16% Jan
Feb
A—.—•
1.
1
1
—
Feb
Jan
5
25 ' 25%
13%
=■'
Cadallic Gold Mines Ltd.
Cons Gold Dredging Ltd
Perron Gold Mines Ltd
i
-
1.350
Feb
14 >/« Mar
f:-\C
Pato
Feb
19
//I / 5/ '5%
5
footnotes
3.80
62
Feb
5%
115
26
Mines. Ltd——.1,
Pandora
Jan
Jan
60
11
21
3.852
12
.1
O'Brien Gold Mines Ltd—
Omnitrans Exploration
14% Feb
75
Preferred
For
3y4
Jan
60
*
Jan
•18% Jan
Jan
60
common.
Feb
*
Feb
7
150
120
27c
.
■
Feb
hy•••.'//•,
12
Mclntyre-Porcupine Mines Ltd—.—5
Feb
16%
„
56
i
7% Mar
25c
■
•
New Louvre.—
—u.
^'
Normetal Mining Corp Ltd—
—*
•Norseman' Mines ——————j
.1- *t;
5% Jan
55c
class
& Linoleum
63%
119%
50
/ Mar
33 / Mar
119%
—.1
Macdonald Mines Ltd.
Feb
9
65 c
Preferred
Div. Sec
180
100
65c
J an
'/•'/:/
112
Feb
'
•
i.....—.1„-
Louvicourt Goldfields
206% Feb
Feb
17
30
30
12
Little
Feb
Jan
1
25
30
Lingman Lake Gold Mines Ltd
Jan
18
Jan
57
Feb
12
Feb
Ling side Gold Mines
Jan
14%
12%
25
I
Mar
29 y4
Feb
—.100
Commercial Alcohols Ltd
Dom Oilcloth
'
Mines
Gold
Labrador
23% Feb
Jan
2.95
108
r
Gold Mines Ltd—1
Consolidated Gold
Lake
ill.
;■
340
•
Ltd
JoJiet-Quebec Mines Ltd.
Mar
98
190
102
U"
J-M
Jack
Mar
Jan
1.75
17.350
/•'siry
13
'ft
12
Jan
13%
.
2.044
;
•113 119%
3.05
3.30
3.15
'-mmm
970
14
90
130
ZZ
'
Mines
——1
Heva Cadillac Gold Mines Ltd
1
Feb
120
Feb
100
4%
21,, 100
/4%
1,475/
100
:
62
icom.^.—•
Preferred
Consolidated
4%
Jan
307
8
'
Goldvue
/•(■/-
35
6y2
14
178
1
'f' rl :T'.; Z'
62
4%
2%
—
60
•
Cassidy's Limited
-
4%
Canadian Pow & Pap Inv Ltd com—*
5% preferred -.
Canadian Vickers Ltd common
•
7%' preferred
;l
6%
100
-
Canadian Marconi Company—.......1
15% Jan
Jan
270 -/■ 163
f 180
62
•
22
Mar
21% Feb
25;
Jan v"';
12% Jan
;
109
,Jan
351/4
680
Hollinger Consolidated Gold
111% Mar
290
'206
180
Jan
Feb •:
106% Feb
■
Feb
Jan
Jan
11
33
Goldora Mines Ltd—.1
29% Feb
11% Jan
1.700
46
7%
15
Mining....—.—^..—..—..5
Goldbeam
Feb
Mar
120
300
23%
16%
•
6% Feb
100
120
22
.100
Canadian Int'I Inv Trust Ltd
-/ 5%
preferred—
•
21
111
27
B
—
.
109
225
•
J,'
25
22
Canadian General Investments Ltd—•
Canadian Industries Ltd
Canadian Westinghouse
108
13%
Dredge & Dock Co Ltd—
preferred
Feb
111
.
Canadian Food Products
7%
106
22
120
preferred..
Jan
35
26%
111% uiy4
Zioo'
28% Jan
,734
25
common™
Jan
Jan
86
106
.......
Starch Co
26%
7.065
,25
Feb
76%
If:' 16%
Jan
175/
"
Fontana Mines (1945) Ltd.——1;,
Formaque Gold MUies Ltd.—.——1
Found Lake Gold——;
14% Feb
38
.
Gold
Eldona
.50
Mar
7% Jan
95% Feb
93
106
Calgary Power Co Ltd 6&
6%
90
.iOO
/
110
55
—
Duquesne Mines Co Ltd———.-—!
/EastSullivan Mines.~.
1
15% Feb
18% Feb
13
Jan
75
1$
Ltd..—5
145
i
;/'//
Donalda Mines Ltd..
Feb
•
Canada
"
112
14%
..
Limited....———wl
Dome Mines Ltd-—-
100% Jan
'
5%
/
S
V
55
25c
—
CfOurnor
XlHijgti
Jan
182
ill
'
__
Gold, Mines.r-r._..—..1
Mining Corp Ltd
^
.1
JdoAtury
Range SinceJanuaryl
Low
93%
97
14V, •
109 109'%
Ltd.Z—•
Central Cadillac Gold Mines Ltd
9.710
J
33
'Gentremaque
7
8
'u
23 %
Jan
13%
—
(1937) Ltd...——
'Gartier-Malartic
'Sales
High
1101 '
Jan
Feb
70%
U% Jan
7%
;Ltd...._Z——.i*
Bpuscadillac Gold
..Bang*.'--' for Week
Low
ySIx
14%
100
,V'' ='H
■
Beatrice Red Lake Gold—.
Beaucoyrt Gold Mines
Canadian Funds
8
^
55
—•
S,'C
Bonvifte Gold Mines
Shares
Jan
49% Feb
t
Montreal Curb Market
Week's ^
,XS
112
-
United Corporations class B....—.Z.* '
'United Distillers of Canada Ltd——•
United Fuel Inv class A
i—./
United Securities, Limited—
—100
Aubelle Mines
of Prices
»
,
Feb
Athona Mines
Par
,
*
^
i
76
*
Southern Canada Power 6%
pfd
Southmbunt Invest. ,Co. Ltd..—.—
29% Feb
current
Jan
11%
18;
.
;v'f ■•
NC
Sangamo Co, Ltd
Sarnia Bridge Co, Ltd———
90
the
265
__
1st pfd
100
part 2nd pfd.—,—
50
Purity Flour MiUs Co Ltd
1——10
Feb
16%
lilt
18
Corp of Can. 6%
■•■U 6%
Feb
19% Jan
/Friday/
6 805
74
16
Jan.
1,200
Sale Price
20%
73
__
Jan
106'/a
Jan
17%
100
1,000
on
Jan
is
14%
/• 8
Feb
.21%
'
Feb
35
15% Feb
_
,
Jan
17%
/
Feb
26%
/'
Friday. Feb. 22, and ends
104%
455
1J257
__
„
j
Feb
20%
$7,000
235
,9
8
22
49%
106
16%
|
Feb
Jan
44
Jan
9
j
Jan
28%
:
Feb
15%
Mar
Vv, 15 ~
Jan
14 %
28%
109
26%
2.530
105
34
^80
1 551
30
20
Reliance
24%
836
Feb
250
Feb
23%
i5»/2/
i
Jan
12%
Feb
109
Jan
24%
391/,
141^
28%
28 %
13
8%
30
10
870
/]
Feb
Feb
65
V
Jan
15
Feb
109
29
164
25
14
)
13
8% Jan
Nuclear-EnterpriseS8
Jan
1.465
28'/a
60
Power
Feb
34
325
Mar
52%
Jan
14% Feb
■:•
=1302
13
/
Mar /
52%
Feb
Arno Mines
Van
no
100
200
Feb
28%
:
-11
13
52%
14%
25%
28
20'
Feb
30
10
49%
of
33
11-
Feb
30
35
11
•
—
Distillers
;
10%
130
:
Jan
Astoria Quebec Mines
&
Jan
''■"■'//'Z
•
Jan
/
Brewers
16%
30
9
^.100
pfd
50
25%
British American Oil Co Ltd
British Columbia Packers Ltd
|
11%
Feb
21%
'
Montreal Power notes—
5%
\
28
34
Belgium Glove & Hosiery com—....
Feb
23
.
._//
dbltlbl/Fowev ft Paper common..—^.;*
6%
cumulative preferred
100
% 1% Preferred.—100
19%
io5
Paper Co
5
Moore Corporation Ltd
Mount Royal Hotel Co Ltd....—.*
28%
25
P"
|
16% Jan
16%'
Quebec Pulp & Paper 7% red pfd—100
Quebec Tel & Power Corp. A————*
34
STOCKS—
Feb
" g6
" "
3a y2
Preferred^—10
& Ontario
BONDS—
on
32%
19
65
_
Products Corp Ltd—.:
*
Windsor Hotel Ltd
:—*
begins
'29y* Feb
1,28%
■
.100
28
" 20
22
pfd
28%
:<
..
1.037
6%
Westeel
(This week's compilation
\
150
60
30
Minnesota
Jan
127%
Jan
1Q
.
Feb
31
h
Melchers Distilleries Ltd common....*
Jan.
77
25
,
20 %
10%
—
McColl-Frontenac Oil
Feb
16% Feb
74% Jan
338
25»/a
,
60
Feb
65
Maule Leaf
13% Feb
Jan
16
255
116
33
Jan
165
W'^m;
77
Jan
31
10/260
16%
10%
.,1;,
;
Jan
20
52%
14%
,
MacLaren Power & Paper Co.—•
Milling Co Ltd common
•
Massey-Harris Co Ltd 5% pfd
100
Feb
IOO
:
Lake St John
Feb
84
12%
176
•
79
96
33
175
II
_io
53
13
*
—
/F
Feb
448
84
87
86
*
'
4495
; 20
Feb
33
,-.,,,,..,'10
Imperial—
Montreal
11
101%
Jan
j
30
^
'
80
Mar
/
Feb
" 60
ZZ
,
Journal Publishing Co, of Ottawa Ltd.*
8,983
75c
Jan
17%
11V2
_
/,
1.15
100%
)
32%
Jan
,
19
101 %
75c
101
Feb
15
Feb
20
10
...
28%
lii
Feb
8
v
29y4
„■
—
Paper & Power...—'
Lambert (Alfred) Inc
........1'
Loblaw Groceterias Co Ltd class B
*
110
1ft
common
Jan
58%
Jan
23
'"
Feb
5%
Jan
5%
^■■■/^■:615 *
15
14%
Jan
54
53
jf/
Jan
76
—10
...
/, i 56 ^
Jan
.87 '
•
.
•
16
28
-.V.
-v.-.
_
J.^
16
75c
—25 '
—,
15
Jan
...ZZ;
Canadienne
30
29
Feb
22%
.
s 28 V2
- /ah 15
•
pfd——100
Feb
4%
975
14%
22%
./■
,
11%
-■'—'/
4%/'560 Z
6%
265
'
j
6
5.175
.'
Feb
./>
15%
20
22
12
185
6
12%
Jan
18%
470
j
Feb
22
35
■
;/>^
pfd———.50
conv
•
85
—
6%
Feb
"
15%
19%
<
•
,,
.
/J
Feb
18%
57%
11%
•
cntnmnn
class A
red
Co
17%
Feb
55
Paints (Can) Ltd A
*
preferred
...20
Investment Foundation Ltd com
.*
/
an
/
Jan
106
100
Winnipeg Electric
4%
Jan
15Te
12 %
•/',
i
13%
f
19
ZZ
—ZZ
..
22
12
High
.
,
555
2.585
55
•
Insurance
Low
:
16V*
17 %
22
'
Range Since January 1
High
■
•
International
Feb
45
Jan
102%
10
100
15 Vo
Jan
'
26 %
15J/a
Jan.
21%
23%
♦
.
6%
Low
Z
4V2
12V*
.
•
.
common
fic.nt.la.
of Canada
Power
Freiman
V-
Shares
II ^
•
livi
—*
Ltd
Dominion
Co
Jan.
83
33
845
" \
26V*
.100
com
.5
Ltd
/Fraser Companies
Jan
36%
Ltd
..
for Week
of Prices
•
i6y8
Candy—:
Aircraft
.Sales
Range
15%
•
Week'a
,V,.
' ■■'/;■■•.;
•
12%
Aircraft
Farmer
Fleet
150
,85
;
86%
"
.......
/
CflmmftTM
Fairchild
/ Fanny
Jan
Feb
8
,
; 30 r
330
150
106
25
,
......
Walker Gooderham & Worts
•Royal
15
41
*'
,
Nova
'Jan
18%
24
-
Vlau Biscuit
common—.....,....—...*
v
21
Feb
2.275
i
East Kootenay Power 7
pfd..—..100/, /■ :; 2./.
Eastern Steel Products Ltd new com—*
Feb
Jan
17
83
Canada-common.—81 Va
—
6%
18
17%
108
150
rir—_»
„
Brothers
Tucketfc Tobacco preferred.
United Steel Corp
—v:.-—~
Preferred
Weston (Geo)
15% Jan
31
I/'Z'/IlZ/Z;! Par
— —
Jan>
/Feb
770
85
•
Friday
Last
Sale Price
Donnacona Paper Co Ltd
Jan
530
30
" Z'':
■:
Woollens
5%
commnn
Tooke
Wllsils
ly
100
Wabasso Cotton
17%
427
17%
105% 105%
8
8%
38
100
% preferred—.———109
Preferred
102
dominion
Great Lakes Paper v t c
Z'
com————1*
Standard Chemicals common—.*
Rights .;•■
...........
Steel Co of
61
100% Jan
10
'"'■///Z.Z-
.
33% Jan
17
:•
17
8
31
Southami Press Co
...I.....
*
Southern Canada Power—.
—.*
'
5.060
T- Feb
' Feb
STOCKS—
Foreign
50
.
14
55
'
20%
17
•>
——100 '
preferred
High
765
•:
58
106
/Preferred,
.
'
ZZ"-
& Power
->i
;
Jan
ioiy8101%
100
Paper
Sicks' Breweries
Simpsons class B
:
;
...100 '
.
St
Shawinigan Water
551/2
• ./:
Low
30
2.010
31V*
20
common
Mills
High
14^--- 15
20 Vi
g/
—
Lawrence Flour
Preferred
*
'■
;
■■--//Vi•/■'//"•''■
■
Range Since January 1
v»Z« j** /]v'\
./——.A
—
A
14%,
^57 Vi
-w.,*-
„;
common....
-
Saguenay Power preferred
St
•' ■
// •'•••'
Shares /
'
30
■
*—.17
Quebec-' Power V-
Rolland
—-.100
j
,,}
■!,
^ m, '/>
—
v
Provincial Transport
*
.
MARCP 1
Sales
of Prices
Low
31
—,
ENDING
for Week
Range
I;
Sale Price
Powell River .Co—
Power Corp of Canada
:
Price Bros 6s Co Ltd common.
WEEK
..
Last
STOCKS—
RANGE FOR
/ ;"
"'
20%
,
/
2v40
2.40
2.40/2.40
7%c
;
200
2.30
Jan
220
2.40
Feb
8%C
42.000
14J/aC 14 lie
1-000
'20ya
22
185
7% Mar
11c
Jan
20 y» Mar
2.90
Feb
4.40
Jan
10c
Jan
16c
Jan
25 y4
Jan
.,
''
•
1194
—
.
...
•
'
t'
.
-•
-
THE COMMERCIAL & FINANCIAL CHRONICLE
•
|S|
■
Monday, March 4, 1946
COUNTER MARKETS
RANGE
FDR,WEEK
ENDING'MARCHr 1'V '
For
ialists
«
}• a \*
in
;
,
»*•?)
I:
•>■
:C: ;V
-
'
? '
v , *T
• '
r
v
Quotations on Real Estate Bonds
••
Shaskan & Co.
;
-THE-COUNTER SECURITIES
Members New York Stock Exchange
Markets
;*• )}/& '
*
'
■
Members New Yoi k Curb
'' \ ,r'
,
'*:-*•
v:j!
-!'
Tel; DIgby 4-4950
■'
fn|T
I
II
Direct Wires io
CHICAGO
Association
PHILADELPHIA
—
Reorganization Rails
,
"•••*
.
10-06
6.49
4.96
11.75
7%
18.46
1
Axe-Houghton Fund Inc
.'lAxe •'Houghtoh'Pund'
Bond
Inv
Boston
of
Tr
41.62
Inc
8
Co Inc.—5
Fund Ltd———«**—1
Fund
Knickerbocker
Common
Century Shares Trust
Securities com—100 2,850
Preferred
———100
146
Christiana
Commonwealth Invest.*———1
'
'
•
'x
'
Stock
•'/
.
26.73
>
*
*
%
4*
/,
17.80
*■v''
,'v1" ,i\'j' s»
\
•
27.42
Selected series
29.52
X 2.41
8.09
•
32.99
6.41
Fidelity - Fund - Inc——..———*
Financial Industrial Fund, Inc.
First Mutual Trust Fund..—8
Fundamental Investors Inc—
2
Fundamental Trust shares A—2
2.65
8.99
36.15
7.35
46.30
General Capital Corp..—..J—*
General Investors Trust...
.-1
Group Securities—
Building shares
Chemical
Food shares
Fully Administered shares—
•>.'• General bond shares*—*—
9.39
16.20
17.79
11.33
12.45
10.04
11.04
*————«****
Mining shares—,
6.37
6.77
•
v
.
6.01
6.61
5.06
5.57
Foundation Fund Inc
;
10c
Income
Common
7.57
Standard Utilities
.
Northeastern
Northern
21%
,
35
New
37
York
6%
m
•.v
?:-
—10
Crum & Forster Inc
■
18.31
112.37
58
32%
14%
16%
2.50
26%
28
8%
9%
95
92
12.50
—
Pacific
Fire
20
106
102%
Indemnity Co
10
10
95
0
65%
62%
*.—.—.—**,
Preferred Accident—..*—,
1.04
250'
A..—'1
0
58
>
61
:
.Providence-Washington
<
Republic
(Texas)
(Paul) Fire
17%
24%
v
(NY)— —a
Reinsurance Corp
69
111%
16%
•
•'
26
™.
77
80 &
54%
57%-
21%;
59.,
Springfield Fire & Marine —25
0
Globe & Rutgers Fire com.._15
2nd preferred —————15
10%
11%
Standard Accident
46 d
Travelers-
American—.*—***^—5
—.—10
U 8
134%
/
39%
36%
100-
Fidelity & Guaranty Co—5
.1
38%
36%
130
.
10
665
650
47%
.
49%
:62 v"
4
59
us Guarantee—..
—15
87
Westchester Fire
35%
30%
125%
10
Security New Haven
100%-
34%
10
-2.60
38%
(Indiana) 3%s.. .1975
108%
U S Fire
96c
1.19
16.48
of America—.10
32.52
35.34
910
•
41
1.16
25.75
21.76
23.79
9.55
10.45
10.60
11.59
25.64
28.03
20.22
22.05
Diversified Trustee Shares-
Investors Fund C—————1
16.42
16.80
—.—2.50
Independence Trust Shares—*
18.25
shares
shares
Unit Type Trusts^—
Keystone CustcMan Funds—
Series
B-1-——.
29.00
30.38
Series
B-2
28.45
? 31.16
Series
1
B-3
20.44
22.43
D
.
:
Bid
^
>
Bonds—
Cent
Vt
Erie
FOR NEW YORK CITY BANKS & TRUST
3%s—1974
1974
& Lt
Birmingham Electric 3s
California Water 3%s
1
Series 1950
U S El Lt & Pwr Shares A
Pub
Arkansas- Pow
North Amer Trust shares—
Series 1955.—————1
Pub
Serv
Pwr 3s
Lt &
Conn
ser
1953
:
Houston Lt & Pow
COS.—See Page 1176
1975
1975
K—1980
2%s
RR 2s
kans
2%s——1974
109
106
/
::
0.90%
3s
May
1,
1J/2S Oct
2V4s
Feb.
*;
1956-1946...
1950-1948
1,
*
100.14
Monongahela Power 3s——1975
000:0*0 BMW Ask
27/8S->—.—1975 "
*
:
b0.90
104%
105%'
Power &
Pacific
Western
105%
:
Lt
<te
105
102 %'
1077/s
1975
Tel 3s
108%-'
104
:
105%
•
105%
Narragansett
Elec. 3s
1974
109%
Elec 3%S
1975
106%
.'••
.
.100
107%
103%
Power 4.40%. -100
Potomac Edison $3.60—
111%
112%
Pow
& Lt 4%
—
Monongahela
v
104 Mr
-
Ruppert
105%
105
"Par-
Preferred Stocks-
Central
109
.100
108%
(Jacob) 4%%
E 3.90%—. .loo xio6%
Sioux City G &
Union Oil (Cal)
.110%
107%
0.80%^
106%
Light 2%s. .1975
1986
2 7/8S—
Union
■
Portland Gen
>
AprU. 15, 1946—-
106
U S Conversion 3s..
ioii96
1953-1951—
108%
Power
105%
105 %>
y
—* Xi07.
$3.75
105 '/2
.109%.
.
'
._
108
'
,
Other Issues
101%
105%
1, 1955-1953
iy2s Jan. 1,
100.12
•' 101 »/4
105%
Mountain States Power 3s_. 1975
Federal Home Loan Banks—
Federal Land Bank Bonds—
103
108
Montana
102%
.1975
——
& El 2%s
Pacific 27/eS
104
Okla & Gulf Ry 3%s.l980
Lt- 3%s_._
1965
Minnesota Pow;& Lt 3%s__ 1975
Obligations Of Governmental Agencies
.1986
Texas
'108%
108
104 :
3%s
Texas Elec Service 2%s
111%
103
108 Vi
106
104%
.1975
Southern
105%:;
1013,4
■
109%
.1975
Reading ,Co
112%/
105
j
A«k
.
Sioux City Gas
106%
>
Serv
Public Serv (Okla) 2%s—. .1975
109%
?
111%
Laclede Gas
/•
^
.
32%
130
.
Insurance Group shares—.
.
:
.12%
40%
Great
26
«-10/
19%
96%
32%
24,
Seaboard Surety
56%
41
8%
e%
30%
^
St Paul Fire & Marine—
•
37%
Globe & Republic
.
.ia
-*.10
Revere
0
—
15%
«44 >")
176
66
107%
'
Gibraltar Fire
99
14%
—
Reinsurance Corp new 10
& Marine
10
General
,Glens Falls Fire.T
Hanover
24.97
SeriesSeries C—
——
Union Common Stock Fund B—
Union Preferred Stock Fund^—
Wellington Fund—1—1
69%
65%
O
10
Fire
Hartford Fire
Trusteed Industry Shares
Union Bond Fund series
Stock and Bond Group shares*
Investment Co
33 V4
,
',53%
.———0
Fire
River
,' Phoenix:
44%
170
.
98c^
**10
Fire Assn of Phila
15.48
61
-
Fireman's Fd of San Fran—10
Firemen's of Newark.'.6
5.10
•
-
1.90
32.26
43"
*
Franklin
iv 89c
10c
Corp—*
1.85
'
Bank Group
-
7%
208
•198
Pacific
13.27
11.44
18
19.99
1.06
1.32
18.08
Aviation Group
.
60%
U&
>
A Mb ** iiM* <m a»-«*
* state Street Investment
30.00
—.—
Incorporated investors—*—.—0
■vVi'i-0 A-• - ■■lAr''-Institutional Securities Ltd—
North
23%
23%
-.10
8.82
17.03
_1
4.64
1
?
Fund, Inc
*
—*——«*—••- '■ 110.15
14.20
Selected Amer Shares——2%
7.48
Sovereign Investors
1
Tobacco shares
'
25
k->
**—**
•
F«l«al—
Fund
(Geo)
8teei shares.———.——
>'
51
77
10.41
& Trading..—
7.29
6.88
30%
New Hampshire Fire
7%
'
74
8.91
6.63
'
New Brunswick
V0
10.14
,,,
stock, shares—*—
—
85%
6%
Boston new common
58%
Republic Invest Fund
i.'
31%
82%
74%
Bankers & Shippers
12.65
Bcudder, Stevens Ss Clark
shares
New Amsterdam Casualty——
20
'
; %
8.02
'
Railroad equipment-———*—
6.57
Utility
National Liberty
National Union Fire
9.22
Railroad —I
4.27
—
49
11.51
5.97
—
69
75%
46
Employees Group..—.—**
—10
Employers Reinsurance
V- ■
3.87 rV
Railroad
30
"
72%
10
'
MPtqia
Putnam
5%
:
28
13.49
Equipment shares—,^..
:—
'
MonarclF:Fire*4
Casualty (Detrolt)..10
66
Connecticut General Life
16.87
Petroleum
•:7-
'
'
101
33%
' WS:'0;
31%
0
National
Continental Casualty
15.36
lm«»gi
96%
12%
Merch IS Mfrs- Flro; N
I1
' V •• "i - -r
jt- .-A•*'
18
23%
Baltimore American.—.—
&
42
36%
12.20
12.28
*: mi«
7.45
,
12.08
.
107
National Fire
—.20
Surety
AiitnmnhU*
17%.
.
38%
21%
17.28
15.74
Merchandising
7.01
Petroleum
—. r
Machinery
.
11.86
,
*
Casualty.
Bonding
Merchant Fire Assur
22%
:
15%
106
33%
0 -.10;.
,
,
American
20%
10
Re-Insurance
American
:
■:
33
16%
Massacnusetts
<
'
;— -3%:
Newark
American of
11.10
Merchandise shares—f 10.97
t
8.25,
:
Diversified Speculative
Electrical equipment——
Insurance stock
....
c
s-0,
1Q.48
10.14
11.19
shares
13%
City of New York___
1
BB
12V4
Camden Fire—
10i60
12.05
Railroad Bond shares
25%
.
^31%;
....P
Fire—.—*——10
............
Maryland
35%
13%
4
16.11
9.73
9.23
10.67
Institutional bond shares.*—
12%
23%
15.51
6.91
Investing i—*———■,1, 40.80
Low Price Shares.*———•,
4 9.05
r
Automobile
American
stock.—
33
50
25 r
Alliance———^.10
Casualty
5
0
Equitable—*—.
American Fidelity & Casualty.0
17.76
8.54
20
,23.:
47.
10
American
6.03
7.45
Insur Co of North America
American
> 5.39
16.87
Homestead
93%
American
10.73
4.86
57%
90
American
11.58
f 9.54
;
9.72:
Home
„2B
Life————.
14.67
8.85,
Industrial Machinery shares—
•
i 6.92
58 >>■
..10
>————*
■
11.07
7.74
13.92
.
6.28.
—,—_——
f 9.03
5.44
-
"
Ask
Bid
Far
Hartford Steamboller Inspect._10
55%
55V2
::io
Agricultural
10.51
8.12
15.11
i Chemical
•
62
Companies
Ask
B14
Jersey Insurance of N Y.
Aetna
j
•' Aetna
10.54
•
26
60
Z
•
96
Aetna Casual & Surety.
14.15
8.72
24
ui-n-ni0— ——
„
•
Insurance
>
Par
7.05
9.46
:9.94 - i^'Business^^'Equipment^^«i*--«---
A 7.04
>12.68
...
Electrical Equipment.
■/'
10.08
a
.—-
shares
-i-
11.540W Diversified Investment Fund-
:
% 10.51
shares—
8.30
6.17
Building supply.—.
.
1^-r Agr IcuHural^sheres^^^^^Vv u':9.05
M:
Automobile shares*————*•
(4 7.93
Aviation
7.55
13.76
....
—
■
Aviation
6.53
,•
j
12.80
Agriculture:——.U.—.—'
Automobile
>
—
6.21
11,84
'X-^T
>;
—...
'
.
St^uis & San Francisco com--
103
86
101
84
50-year 4s_.
]; Income 75-year 4%s
16.56
w-
;
;
New York Stocks Ine—
'
,
102
72
fe¬
17.84
15.43
6.38
-
82
,
35
70
Denver d: Rio Grande corn-
Preferied-■■■•
80
33
...
■.
10.39
16.32
Fund--———I
New England
-•••.
V
/ 48-;fe
:
7GJ
-100
*
16.83
stock series
-
\-
31.71
15.65
Speculative series
*Bank
■
9.45
29.49
series
preferred stock series
■
/
-u
ist
^
55.20
Low priced bond series——...
Low priced stock common—.
28.57
Fund————I
,,
80
100
Francisco—
San
*
7.89
Industrial stock series———-
16.65
—1
Fund
Balanced
w ^
j
Louis &
v>.
46
5% preferred
.
1993
1st 3-4s Income——
St
....
COramott'
106
99
104
97
.
Chicago Rock Island & Pacific—
\
~
——r—20i8
4%s
Income
«
-
*r.
-
Stocks—
121.30
54.10
Income
Eaton St Howard—
[}
7:18
..ICO
...
...
Denver & Hio-Grande*1^
8.82
7.95
,
118.87
1.88
|
16.45
Fund—
-
rr
Shares.....—-_..25o
Dividend
'
23.51
21.75
1.71
Delaware Fund.—**——.——1
.
7.04
1*
19.41
14.96
Mass Investors Trust..
1
Mass Investors 2d Fund
—1
Mutual Invest Fund Inc.—*10
Nation-Wide Securities— '
Balanced shares .-—
—National Investors Corp—**$
National Security Series-^; Bond seMes—*—AAL /
2,950
153
6.48
*
33.59
17.65
Manhattan Bond Fund Inc—
4.90
37.69
14.57
4.20
•
35.05
Chemical Fund—-—~16.46
Fund Ltd——1
Inv
Canadian
32.04
30.58
84
-
-
102
86
100'
Chicago Rock Island & Pacific—
v'iilst4s—
1994
Conv Income 4»/aS——2019
'
Loomis Sayles Mutual Fund—*
Loomis Sayles Second Fund—10
25.89
23.87
29.13
Series ;S-4——.
:
12.51
21.76
Series K-l——.
Series K-2—. —...
Series S-l
Series S-2_———«
Series S-3
,45.33 •"
24,28
22.16'
•
11.38
B-4—.————■—fe
Scries
111.31
'106.86
24.08
,
41.93
America
Broad Street Invest
Bullock
11.03
5 7.10
5.43
12.75
8%
19.85
38.71
.1
Affiliated Fund Inc—.U%
American Business Shares
—1
American Foreign Investing.lOC
Assoc'ted Standard Oil shares—
Aeronautical Securities
"+
(Cont,
Keystone Custodian Funds
Mutual Funds—
Ask
Bid
Per
iA
Ask
Bid
-WWW^
■
'
Indianapolis & Louisville—
1st 4s
——1983
2nd' 4Vas
-—**—2003
■WM''
and if Issued)
as
Bid W Ask:.-•
Chic
Investing Companies
Bid
(When,
;
::
Bonds—
Per
Bell Teletype NY 1-953
:
1-1287 & 1-1288
Teie. NY
Members New York Security Dealers
1926
Established
-
120 Broadway. New York
Phone: REctor 2-8700
_
W mi) JKr
<
Place, New York 5, N. Y.
40 Exchange
ISSUES
ACTIVE
Exchange
'i
W i':
louj
Panama Canal 3s__
...1947
102.8
1981
133 %
—
-
-
134%
United States Treasury Bills
Quotations For U. S. Treasury Notes
Figures after decimal point represent one or more
Int. Rate
Maturity— '
tMar 15.
1946...
1
1946-
tDec ,15.
—
%
1%%
tMar 15 1947...
1%%
tSept. 15,
tSept. 15,
tSept. 15.
1%%
1947.
.
Bid
100.1
Certificates
100.19
100.15
100.16
1946
t%S May 1, 1946
t%srJune 1, 1946
"t.09% July 1, 1946
t%s Aug 1, 1946
f/aS Sept. I, 1946
t%s Oct. 1, 1946
~t7/as Nov. 1, 1946
t7/aS Dec. 1, 1946
t7/aS Jan. 1, 1947
$7/aS Feb. 1, 1947
t7/as March 1, 1947__
101.1.
101.2
100.23
101.23
1947.
.1%%
100.22
1948.
1%%
101.22
of Indebtedness—
100
100.18
Treasury bllla—
Bid
March 7,
Ask x
April
1,
'
I
.0441; .0518
.0630
.0726
X0668 •: .0766
.0750 :f.0849
.0845 r .0969
V .0808
.0906
.0831
.0946
.0819
.0950
.0848
.0996
.0862 ...1026
.0952
.1134
.0936
.1133
1940.,
March 28,
April 4.
1946
April 11,
a
to
0.28%
bO.375
0.33%'
b0.375
0.33% r?
——
.
_
x
b0.375 0.33%
b0.375 0.34%
b0.375
1946—.—i;—...
0.34%,
;
)
;
April 18, 1946—*—.—
(April 25, 1946
.May 2,1 1946—
—
May 9, 1946..:
—
May 16, 1946
—
;May 23> 1946
tin default.
Bid
0.35%>
bO.375
0.35%
bO.375
0.35%
~
b0.375
v; b0.375
b0.373
May 31, 1946
0.35%'
0.35% '
0.35
J+\"
e Ex-interest, f Flat price. sale—not included in range for year,
Ex-rights.
., v.
tThese bonds are subject te all Federal taxes.
"•••Ask';
b0.375 0.34%
bO.375
/
d Deferred delivery.,
Exchange. < t Canadian market.
sCash
(Utt? Unlisted Issue; * x Ex-dlvldend.
y
*No par"Value,
discount'at purchase
...
Odd lot sales. ' b Yield price,
Stock
dividend.
for
Ask
b0.375
1946
1946-,
<.
.
—
1946—
March 14,
j
Bid 1
.■>
March 21,
,
t%s
Rates quoted are
/
Dollar Price 100 Pink
Maturity—
Ask
v
32ds of a point
•
*
%7
c
-,)
■
k Removed
t Ex-stock
^000
;
|
.
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
4469
* Number
163
1195
Week Ended Feb.
fTHE COURSE OF BANK CLEARINGS
total
a
Scranton-^—
Week Ending
1945
1946
-
2.1;
500,465,821
465,170,473
+
583,000,000
+
8.1
,
'
——
+
178,324,854
+ 20.0
164,800,000
+
3.2;
.
»
——
2.5
280,334,000
+
238,434,631
201,326,492
143,027,059
$8,073,485,572...
1,609,051,385
2,036,625,942
4,131,274
3,714,076
127,188,657
128,355,441
195,583,474)!+
Total
-
$12,126,466,577 $11,609,903,780
0.1
—
For
+16.5
3,044,873
+75.2
2,711,685
2,563,696
232,067,785
7.4
228,502,741
218,215,945
579,411,428
1,493,6*58
Virginia—Huntington
:
515,154,048
,
9.8
.+
926,417
989,236
3.0
4,554,000
5,512,000
+
2.8
69,559,639
63,796,270
+
6,523,000
—
5.1
,V 1,914,026
1,679,073
+ 13.7
129,341,802
131,476,058
+ 29.6
30,614,720
29,733,170
(6 cities)--.--,^—305,508,153
272,323,477
+12.2
236,973,423
233,122,988
2,307,829.;
,
New
Philadelphia.
Cleveland
Richmond
7
—
——-4*—---&
Atlanta:"
t.m
Chicago
10:
——,-.17
4
Louis——
7
Minneapolis
10
0
10th Kansas City
llth Dallas
Outside New
34,364,361
8.6
127,300,000
110,900,000
+
.
35,128,118
+
5.7
1,644,717
2,086,094
2,114,244
1,533,137
49,409,341
37,047,144
v.,
+ 10.6
+ 19.6
1,725,062
37,662,309
1.5
55,692,060
A 4,645,645
—12.8
:A; 4,413,922
283,018
198,588
+ 42.5
151,053
166,563
86,976,098
91,233,455
4.5
: 81,536,023
72,621,090
435,063,760
_
Seventh Federal Reserve
412,269,362
+
5.5
367,059,895
308,535,733
+
9.6
60,545,236
—
—
4,553,446
v
621,717
681,593
5,698,417
lL'.
y.l1m
& 3,518,452
••'•
3,07),368
29,115,000
Indianapolis.—,
SouthBend-^
"
"
**
**'
Dec.
+
685,838,217
9,554,482
10,247,897
•
39,202,030
31,490,100
•
Wisconsin—Milwaukee
'
Iowa—Cedar Rapids
Des Moines
—
6,560,426
534,247
467,113,997
1,628,990
+ 11.0
Decatur-.
Peoria
v<- ••
—
.
•,
:
.
,
-
>.■:
■
-n,'694,436
(17 Pities)
3,993,755t603
556,602,391
+544,405)263
1.0
541,388,363
515,154^048
+ 12.2
272,323,477
305,508,153..
236,973,423
'
'•
•
'
■
'
•
•
'
•
^
;
\
..
.
'
Missouri—St. Louis—
Kentucky—Louisville,-—
Tennessee—Memphis
Illinois—Quincy—
5.5
^67,059)895
+12.0
545,666,189
297,526,890
+11.0
249,294,227
245,805,560
260,763,964
177,287,168
+ 47.1
173,236,380
153,493,793
276,710 092
+
18.9
264,301,619
252,673,459
+
328,939,349^
188,717,096
154,216,256
+ 22.4
122,444,933
--.1,655,763
■
1,721,523
r'l,724,573
•:
-
+12.0-
517,805,609
545,666,189 r
V
'
9.1
148,800,000
150,700,000
172,400,000
78,446,119.
+
3.5
60,399,326
57,000,000
59,846^796
45,680,263
+
31.0
31,325*901
V 39,196,560
999,905
1,000,308
0.0
869>b0
—330,125,032
297,526,690
-
...
481,125,605
+ 11.0
433.045,481
+
—
+11.0
809,000
249,294,227
:.
245,805,560
-•
11,197,412,203
9,725,371,930
8,333,901,191
7,618,469,623
4,412,990,281
+
South
Dakota—Aberdeen—
Montana—Billings--
,
$
$
1
1,255,753
*:•
1,768,700
1,383,987
+ 27.8
1,140,600
4,351,350
+ 49.4
4,131,679
*177,287,168
+ 47.1
•
260,763,964
V -'s/'H/
Feb. 23
Nebraska—Fremont
1943
1944..
Dec. %
;
'•
"
District—Boston-
V
.
•$.
'■
V1*
3,454,298
;
; +
—
373,942,044'
fieassadhusetts—Boston
359,333,905
,
827,259'
•
4.1
+
'
'
—*
|
6.2
7
792,076
.;/ -.LOWeU—'
New: Bedford-——————-r-.-''
536,454
417,830
1,213,581
3,920.435
+13.3,
1,076,784
4,110,305
—
Omaha—
Wichita.
1,047,497
1,046,325
i
3,639,820
St. Josephs
-
153,493,793
-
;
'
:
303,214
';
/:
3,589,426
,
•
72,304,347
+ 23.7
+ 92.0
63,756,842
•
>
3,195,806
3,539,255
5
2,487,284
4.4
6,520,082
Z. " 6,122,793
+ 15.1
170,015,697
168,826,773
—
+
862,891
882,455
+ 73.9
859,872 :
850,585
5,913.772
6,478,754 :
+ 55.3 t
5,239,892
/ V
1,071,361
227,938
+ 23.1
6,337,006
1,495,151
Pueblo
206,365
220,879
+ 18.0
187,524,102
8,217,226
:i
Colorado—Colorado Springs.
'
173,236,380
9.8
+
;
319,560/
3,765,643
69,166,312
2,344,312
215,76:2,870
City
J
'./• '";.1•v. -
,''''p.'f.
252,808
277,478
377,024
4,636,448
4,501,034
6,056,518
_
——
Missouri—Kansas
'
V
86,544,239
j
-
Kansas—Topeka_
859,217;
7
——
.
285,389
'
"
V:
503,090
,
:
3,156,629
294,406,521
.
+ 36.1
867,138
1,180,040.
*•+•
•VLvTAVA':;
886,214
3,004,711
+ 23.0
2,807,708
•
88.9
'
Hastings
•
797; 782
1,$06,615-
3,005,920
City—
-
Lincoln__»».
$
.
Maine—Bangor-------------------
36,331,887
3,384,042 ;
+ 44.9
sas
1946,
:
+ 27.8
■
the
23 for four years:
Inc. or
3,310,074
105,112,270
1,329,097
■
Total (7 cities)
1945
42,299,062
•: 6,501,381
—
Helena.—
2,865,043
118,160,201
'
2,970,096
1,925,619
»
—
50:3
+ 59.1
+15.4
+
3,057,608
120,705,409
43,489,621
3,771,594,825
3,997,860,643
11.2
+
District—Minneapolis—
4,596,210
Minneapolis—,.—-^
v;V 192,007,349
.Sfa+Paufc,—ww+.v
50,166,995
North Dakota—Fargo
3,797,710
413,428,833
15I1
Ninth Federal Reserve
Minnesota—Duliith,-
•110,426,229
534,108,757
detailed statement showing the figures for each city for
Fall River
'Mi 4,962,652
i V#:; 1,881,233 -5'
517,805,609
330,
:
Week Ended
Portland
6.5
+ 34.3
188,100,000
81,178.331
:
Total (4 cities)———;
308,535,733
+
582,777,092
652,700^07
1v:
Federal Reserve
+
1,389,498
'
+
Clearings at—
450,928
1,430,697
5,370,158
233,122,988
•
412,969,362
"i 435,063,760
**'
"
"
"
°
-
407,719,524
Eighth Federal Reserve District—St. Louis—
329,862,505
4,507,727,873
+ 13.7
573,698,364,—J 579,411,428
6,407,413
,
-504,029
438,692,205
—13.9
582,777,092
652,700,507
——
'.v
*
336,160,417
—
13,606,889
6,827,403
4.0-
1,977,099
'1,744,840
13,899,854
;
+
'2,062,042
1,773,304'
L.:
+ 29.5;
5,964,381
6,353,323 ■'
^
•
8,573,337
29,932,901
1,945,080-.-.
+ 42.7
Chicago—>;?'<518;335,015
3,321,429
|
27,097,701
'+44^
762,401
.26,174,000
3,551,603
7,386,965
+ 24.1.
15,715,876
2,553,810
2,700,539
23,658,000 •'
^
+ 24.5
v 9,486.551
•
>
t
4,188,137
2,715,203
■
;
6.9;.
—
1,835,660
: 12,131,104
2,277,840
Sioux City—
Illinois—Bloomington
1943
+ 18.1
\5,431,482,770
\ 603,448,577
+ 14.0
—19.3
i
Terre Haute—:
:?
2.3-
+
3,507,693
633,616
<
3,252,362 +
-
Vi
4.7
'
-
10
add our
week ended Feb.
3,000,632
25,545,000
665,000
5,132,933
,,V
0.5
—
2,830,881
——
$
c/o
+ 13.1
5,037,655
3,502,582
——.
Lansing
Indiana—Fort Wayne
•/,=
$
6,475,929,744
York Clty^
now
District—Chicago-
—
Springfield—-
1944
Inc. or
406,793,413
S
426,013,260V
—————111 cities
Total
7,381,514
9,810,147
+ 17.2
4,053,183
—
Michigan—Ann Arbor
Grand Rapids
Minneapolis
totals are larger
4,909,170*437
—
—
12th Ban Francisco——•'
2,600,572
8.2
—
51,371,314
;
61,442,563
Total (10 cities)—
■
■
12 cities
York—12
—10
2d
3d
//6th
2,749,922
—
——1,818,358
Louisiana—New Orleans-,-
Federal Reserve Districts:
1945
1946
j
——
!; 4th
13,834,768:
37,895,067
148,300,000
Rockford——• '2,654,408
District*
Reserve
lit Boston
■:} gth
12,702,607
44,413,359'
:■
..
Mobile-,——
V
Total
>
.
38,083,775
••
v
541,388,363
;
143,612,119
>
Mississippi—Vicksburg
the San Franflsco Reserve
Dallas Reserve District by 22.4% and in
f i' Week Ended Feb. 23—
!
1.0
1,360,611
Alabamar—Birmingham—59,624,652
against $9,725,371,930
In the Kansas City Reserve District the
47.1%.
following we furnish a summary by
In the
:
1,836,507
1,913,075
49,360,769
Columbia—Washington,
Macon—
District by 11.0%.
tv' First
—
80,436,143
———
Florida—Jacksonville—;
■
We
; +19.1
2,748,379
573,698,364
Augusta—.
all cases has to be estimated.
statement, however, which .we present further below,
12.0%', in the St. Louis Reserve District of 11.0% and in the
by 18.9%, in the
:
16,338,600
13,097,400
Georgia—Atlanta-—161,000,000
results of -the week previous—the week
that week there'was an increase of 15:1%, the aggregate of clear-
Reserve District of
9th
94,900,858
181,338,988
13,848,300
+ 214,907,322
+ Nashville
^improvement of 18.1%, in the Boston Reserve District of 4.7% and ifl the Philadel[iphia Reserve District of 13.7%. The Cleveland Reserve Districts suffers a loss of
1.0%, but the Richmond Reserve District enjoys a gain of 12.2% and the Atlanta
Reserve District of 5.5%.
In the Chicago Reserve District the totals show an expan¬
:
99,840,535
188,868,078
Sixth Federal Reserve District—Atlanta-
they are* located and from this
that in the New York District (including this .city) the totals register an
it appears
8th St.
2,449,754
3,213,649
0.9
3.5
5,334,291
Tennessee—Knoxville-
according to the Federal Reserve Districts in which
■
+11.2
—
3,202,364
(7 cities)
Total
4.5
+
Outside of this city there was a gain of 11.2%, the bank
clearings at this center having recorded an increase of 18.4%. We group the cities
5
544,405,263
week in 1945.
same
*ederal
4,229,000
16,558,400
.
District of
foregoing will appear
week
ings for the whole country having amounted to $11,197,412,203
'.
„
—6,329,000
82,658,094
Bouth Carolina—Charleston
:
2,425,424
Maryland—Baltimore—
163,241,208
able to give the final and complete
ended Feb. 23.
*
.
'
Richmond—
the Saturday figures are not available at time of going to press.
In the elaborate detailed
,
:
-
Virginia*-—Norfolk
+ 26.6
We cannot furnish them today, in as much as the
issue of next week.
sion of
1,665,927
I
Fifth Federal Reserve District—Richmond-
0.4
-
Accordingly, in the above the last.day of the week in
•
556,602,391
■
"Estimated.
>
ends Saturday and
'
+ 13.7
1,388,200
3,668,700
1603,448,577
1,235,286
8.2
-
—$10,105,389,648,. $9,682,336,957 • + 4.4
~
—
2,021,077,929
1,927,366,823, + _4.9
days
Complete and exact details for the week covered by the
•
10.4
+ 38.8
—16.6'
//
—$8,063,763,706
cities, five days—.
Total all cities for week
♦;
+
3,025,600
Pennsylvania—Pittsburgh
142,388,725
-
All cities, one day—:
i
1,473,190
4,198,900
,
,
Youngs town
,
184.831,664
———-
Ten cities, five days—:—,.——-——
;
+ 10.6
202,376,056
West
Jin the
+ 17.6
1,603,379
'Mansfield
s
198,949,100;
-,287,308,000
j
Bftltlmord—w—
,
2,554,616
1,773,095
—' 7•;. 1,626,140
Columbus
334,564,868
213,923,393
^4%
Cleveland—
we are
3,531,993
—3,003,073
Cleveland
8.4
.
179,000,COO
.
1,393,573
529,000,000
1,182,782
2,178,124
Cincinnati
7.6
"630,000,000
-
San Francisco.
our
1,448,148
543,000,000
0.6
—
1,193,682
1,372,011
Ohio—Canton—
.
362,743,518
in
5.1
13.8
1,607,650
Fourth Federal Reserve District—Cleveland—
$5,369,153,485. "$5,484,503,195;
Kansas City
■
+
1,712,496
589,000,000
'
Philadelphia
Total all cities, iive
1,185,305
479,848
\
Chicago.
Other
•'
1,215,860
922,790
(10 Cities)—r 685,838,217
Total
March 2—
Pittsburgh-.—
'
+
1,799,675
670,000,000
—
296,131
420,294
—27.5
by Telegraph
New Yprk.^«;«».—1*—
•
1943
$
—46:6
779,000
1,597,461
■+• Fork-—•
New Jersey—Trenton—
loss for the week ended
Clearings—Returns
1,219,063
564,699
'
Wilkes-Barre—
the week follows:
summary for
•
against $11,609,903,780 for the same week in 1945.
Friday of 2.1 %. Our comparative
stands at $12,126,466,577
At this center there is
1944
+ 31.7
623,839
l'65lt335
vi'c +
Lancaster
'
473^583
*
' :
f Phtladelphlft—
Reading
:
Our preliminary
week last year.
above, those for the corresponding
23
or
7';.'iv'.
Chester
'
will be 4.5%
Inc.
Dec. %■
$
Third Federal Reserve District—Philadelphia-
Bethlehem
it is possible to obtain weekly clearings
for all cities of the United States from which
'? $ '■?: "A:
Pennsylvania—Altoona^—^.—^.^^.,
chief
indicate that for the week ended Saturday,.: March 2, clearings
Preliminary figures compiled'by us, based upon telegraphic advices from the
cities ol the country,
1945
1946
-v-
+
increase compared with a year ago.
clearings this week will show an
Bank
>lV
^
26.0/ •/// / 767,114
:
-
V -654,270
343,840
963,079
Total (10 cities)—
835,018
3,586,045
264,301,619
+ 18.9
+18.9
276,710,092
328,939,349
252,673,459
3,862,501
■
——
.
t
Springfield—
t
?%. Worcester!^-—
15,155,899
14,697,600
i Rhode-
New;
>
Isiand-fprpyldence--------Hampshire—Manchester:.--/.**,
Total
(12
2,618,883
+
13.6
.2,263,609
2,187,314
+
15.9
/ll,207,045
/ 12,467,202
+ 13:2
6,236,660'
5,415,570
5.2
11,855,500
14,018,300
r
-
,6,476,364' '•> ,5*718,655
Near:.' Haven———.——
■'
•
4.6
13,071,045
>2,974,889;.
'] Connecticut—Hartford—,———
+
15,509,900
«
,
—
798,535".
426,019,260
cities)-
534,724
7 406,793,413
+ 49.3
New
pislrlet—New
Fork—
Fork—
Fork—Albany--—*
.
1,380,018
53,773,000
' 963,379
^1:^^10------.---—--^---------—''
A .Elmira----—-—
^
.
1'
,
Connecticut—Stamford
——
Northern
Total
1,400,259
61,484,993
7765,247
^
+ 131.6
—
(12
—•
New
;---+
cities)
.,
„
^
-
22,551,857
1
x
+
26,475,253.
:
1,206,168
;
•7:
981,372
71:
1,129,262
+18.4:7 4,336,040,548
+
6.2
+
12.0
.
10,255,673
■;7.
5,265,958
•
.
26,337184
r
..
9,532,719
;
+
391,354
+
25,201,744
40,695,577
38,192,373
6.475,929,744
5,431,482,770
,
19.27"
4.2
■+*•4.57.
+
6.6
+18.1
; s
>
1,588,302
5,624,371
154,216,256
1,932,431
(6 Cities)—
6,045,876
188,717,096
*
':r;t
79,71^744
"7
San
8,116,596^
Francisco
v
;
—
■
-*-12.3
i
7:
9,068,106'.:
5,816,321
San Jose
Santa
20.6 *
+19.5
+33.7
/ +
•7/
5,954,596
Total
230,956
23,087,268
7; 20,907,758 /
7 36,163,73®).
25,006,745
3,993,755,603
/
(10 cities)
Grand Total
Outside
:v''
New
—
(111 cities)
York.
"Estimated.
T...„ —
.1
]' ;• : ,6,212,956.
"■
534,108,757
;
/
5,439,049
1,861,746
5,055,044
481,125,605
.
<'
1,384,197
4,183,348 *•'
r-
75,231,129
v
1,821,003
70,996,799
23,498,351
11,322,015
3,383,753
237,875,000
> r 3,943,840
V 1,471,607
'•
2,093,685
88,966,658
10,839,528
^,957,000
1,066,581
"4,502,776
110,426,229
122,444,933
+ 21.4
—20.2
+13.3
?'•' 270,134,000
2,489,523
—.
—
>
1.2
+29.2
4,751,127
325,880,000
6,500,492
——
Barbara.:
Stockton..
;
—
10,174,413
5,382,128
;
.
,
2,259,367
65,561,702
25.016,463
32*.328,077
'
\
/—
Pasadena
+22.4
90,872,694
•
-2,742,974
California—Long Beach.
2,009,471
100,979,100
11,200,717
2,688,200
1
64,744,267
Utah—Salt Lake City
+13.0
+ 24 5
+11.2
+17,0
+21.7
+ 7.5
'•
»
^
-
3,578,893
127,855,000
12,884,690
:
2,685,000
3,142,008
■
Yakima
;
i
'
:
1151)356
4,507,727,873
.
14,327,695
Oregon—.Portland
■ ■
895,439
3,846,874,798
7 7;
258,164
;
>
159,224,000
y
,v---
''
7
,
'
f--r-.u
Washington—Seattle—-i—.
914,663
50,629,594
•1,110,386
25.9
937,701. .Vll.l
/
.
—_
Wichita Falls--
Total
7/"
„
Twelfth Federal Reserve District—San Francisco-—
63,506,497
—12.$
5,306,747
407,892
.
Louisiana—Shreveport—
;
11,307,628
.
Jersey.—'
/
1.4
5,943,343
11,363,167
,
Jersey—Montclair—
Newark
-
14,580,356
12,011,369
A
New
-
'7.
—-
Galveston
■
•
4,045,094
Fort Worth—
329,862,505
7
5,312,381,649
;—:—
Dallas
77-7v'^7:'V77l;c7-.
1,041,747
New"
Texas—Austin
V
440,944
.
-
,288,241,746
Rochester
-
.
Jamestown---r-^—-.-——
599,282
336,160)417
..
33,771,322.
.Blnghamtonl—;
/
//A
7
-
4.7
+
;J77-7fe:''
Second Federal Reserve
Eleventh Federal Reserve District—Dallas—f
;
;
'
v
•
/ v
87,629,932
1,582,062;
:. 65,478,930
22,837,688
,
'
.9,573,488
.
2,555,223
215,361,999
3,638,770
1,262,185
3,501,984
3,508,556
+11.0
433,045,481
413,428,833
,:+22.9
11,197,412,203
9,725,371,930
+15.1
8,333,901,191
7,618,469,623
^4,909,170,457
4,412,990,281
+11.2
3,997,860^43
3,771,594,825
Monday,* March 4, 1946
CHRONICLE
COMMERCIAL & FINANCIAL
THE
1196
,«...Company- and
of 1930, the Feder.. Reserve Bank is now cer¬
buying rate for cable transfers in the different countries of the
passed:
\ %
J' v
H
the Tariff Act
requirements of Section 522 of
tifying daily to the Secretary of the Treasury the
world
We ffive below a record for the week just
WOTl%oI^ EXCHANGE
^ " 193<> +tj
""
CERTXE^BV
RATES
Page
•
908
mtge, 27/sS due 1961—Apr
1
Oregon-Washington RR. & Navigation Co.— ■ - '+/v7':V..v +*•••'•
;;
Refunding mtge. 3
bonds, series A, due 1960__.__Apr
1
Saguenay Power Co.,' Ltd. 1st mtge. -4Va's,*]ser. A '& B:_Apr - 1 '
Scullin Steel Co., income bonds due 1951:™w™_,...__Apr
1
Southern Natural Gas Co.—■
^
''
■,,,' ;■+.
1st mortgage pipe line bonds, 3 (4 % series, due 1956_Apr
1
Sun Chemical Corp. $4.50 preferred stock, series A.,—Mar
4
.Terminal Refrigerating & Warehousing Corp,—
,
' 1
V
1st. mtge. 4Vis, due 1948
—
l™™lL™™LApr %
Foreign Exchange Rates
Pursuant to the
-^Date-
Issue—■
Natural Gas Co.,. 1st
Oklahoma
1032
1034
1034
947
695
,
Unit
Country and Monetary
-i
■■
Argentina, peso—;
.297733*
v
.022845
Brazil, cruzeiro—
Official
.022845
.022845
.060602*
* •'
"
,
..
'
'v
.
.060602*
.051802*
-.051802*
y\;
•TV
.909090
Holiday
.905625
.
peso
**.*
1'
Denmark, krone.
———•-—-
.
Mexico, •
Netherlands,
4.033750-
.301215'
.379324
.379324
.
Zealand, pound™.—
Controlled
'
$
\
.238520*
•
.
4.Q05000
4Vn% gen. mtge.
4.005000 ;
t
.638300*
.56290Q*
"Nominal rate,
*
.,
York City.
12 Federal
Reserve Banks Combined
Statement of Condition of the
of dollars)
(In thousands
Feb. 27,
notes
.
*
gold ctf. reserves™.
■ i.——.'
Discounts "and advances——
: Total
Other ■ cash
securities:
XXXXXXX
++Bills
+1 Certificates
"
Notes,
4.—^.™-.--^-'
:~x.X^XXX-X*XXm;:
Bonds
Total loans and
„
,,
Bank
•
110
•
'?
.
+
27
'
1,949
v,
—
33,257
65,695
*—'
,w
.
+
:■>
—
1,140
*
1,035
—
24,124,304
*
Member
bank—reserve acct.
U. S. Treasurer—gen. acct..
'
826,157.
780,650
Other
422,058
Total
deposits
Deferred availability items
Other liubs., incl. accrd. divs™
Total
+ 65,355
15,555,461
..
Foreign
,
-
+1,327,003
+ 365,973
—114,292
— 27,832
—
4,121
+
—
1,770,349
10,694
*
+
Capital paid in
....
Surplus (Section 7)_....._™,
Surplus (Section 13b
Other capital accounts
Total liabilities & cap. accts._
of
serves
note
2,085
■
Commitments
make
Government deposits.
-124,580
+ 3.553,710
306
180,448
+•"
1,219
to
♦Feb.
130,202
+
297
demand deposit accounts except
interbank. and U. 8. Gov't accounts,
16,882
during week
...mm:
13,941
+
27,428
24
+
106
+
16
If
—.
2,858
5,121
345
—
,
;
-:3i'.'
-
13 figures
8
2476.
+
39,541
—
-122,098
.2%
+
+
88
1,900
banks in 101 leading cities shows
41
+5,314
Utica
+
1,178
deposits ad¬
deposits credited
000,000 in loans and $145,000,000 in demand
justed, and a decrease of $147,000,000 in
10
+
Commercial, industrial, and agricultural loans in¬
creased $22,000,000 in New York City, $9,000,000 in the
San Francisco District, and $25,000,000 at all reporting
member banks.
Loans for purchasing or
curities increased $38,000,000.
,
..
carrying se¬
r
Holdings of Treasury certificates of indebtedness in¬
creased $64,000,000 in New York City, $22,000,000 in the
San Francisco District, and $106,000,000 at all reporting
member banks.
Holdings of Treasury notes increased
$24,000,000.
Holdings of United States Government
bonds declined $59,000,000 in New York City and $16,000,000 at all reporting member banks, and increased
$44,000,000 in the San Francisco District.
Demand deposits adjusted increased $106,000,000 in
;;
+
City, $22,000,000 in the Dallas
District,' and
banks. Time de¬
posits increased $35,000,000 and United States Govern¬
ment deposits increased $41,000,000. ■
:
$145,000,000 at all reporting member
declined in nearly '
Dividends
!
company
declared.
■
in our "General Corporation
Department" in the week when
name
*
,
,
The dividends
*
r
,
+:y'+v\
-v+v+'+i
Name of Company
'
,
6o2
315
§2822
* i
\
§2822
Anytime
1946
Payable
40c
ldc
§2824
redemption
xxyxx
Company and IssiJe—
•
'
Date
Page
Aireon
Mfg, Corp., preferred stock
Apr *30
*
Blumenthal (Sidney) & Co., Inc., 7 % preferred stock__Apr
1
: *
Buycrus-Erie Co., preferred stock
Apr 1
§2636
Cleveland Union Terminals Co.—
;, +v':1st mortgage 5V2% bonds, series A
Apr • 1
68
"1st mortgage 5% bonds, series B
—Apr 1 :•••+.68
1st mortgage 4 Vz% bonds, series C_1
;
Apr 1
.
68
Any time
bonds due 1947—,
,.V':.•
V"-/v;y:
partial
^
6% debentures, due
Duluth, Missabe & Iron Range Ry.—
1st
mortgage 3V?s due 1962———
—
Hygrade Food Products Corp.-^» +.;vv..
Commercial Discount Co.,
1st
and
series
ref. mtge. conv.
due 1949
6%
1947——Apr
*
,r'~—Apr
bonds, series A ahd
B.
Massey-Harris Co., Ltd.; 1st
3-30
&
Baldwin,
Ltd.
mtge; 4Vis,, due
Apr
649
1
4- 1
3-15
+
4-10
3-20
3-1.
3-15
3-
1
.
. ..
•
652
1954——Mar;*; «;; ,781
8
.1 ;■
4-' 1
3-30
,3-11
+
4-1
3-20
50c
3-15
3-: 4
$1.50
"3-20
2»2C
(quar.) —
(quar.)*:—
Aluminum
pfd. (accum.) + t$1.25 '
75c
Amalgamated Leather, 6% conv. pfd. (quar.)
American Agricultural Chemical (quar.)
XwQ + 30c
American Bank Note, common
X*--~-•*< +/ 25c
& Dye Corp.j
Co. of Canada. 5%,
Chemical
3-8
tA
5-
3
'
;
4* Jl
3t28
3-21
>
+
3-14
3-12
1;
3-12
/A- 1 ,
preferred (quar.)
X- —
5^-+ 4-1
3-15,
American Bakeries Co.
(quar.)
XXX.
<+3-14
$1.75 + 4- 1
American Can Co., 7%
preferred (quar.)„
:
3-15 it A 3- 5
50c
American Chain & Cable, common....XXXi
3- 5
3-15
j $1.25
5 %
preferred (quar.) ———
v
American Druggist Fire Insurance (Cine.)—
6''Y
■
+
Annual
American Export
Felt
American
•
6%
Texas)
American
.
Lines, Inc. (quar.)
Co.,
preferred
American
6%
I
8
4-15
400
Allegheny Ludl^aA Steel Corp..——____
Allen Electric fiTEquipment Co. (quar.).
Allied
3-;
;
+3-30
$1
preferred (quar*)——.—'
,r
20c
Mfg. Co. <quar.
25c
Addressograph-Multigraph Corp. (quar.)—.
12V3C
Aero vox;
Corp.
(quar.) +
$3
Alabama & Vicksburg Ry. Co.. (s-a)—
X
4%
Adams (J. D.)
Alexander
0/ Rec.
+3^8*
3-30
-
& Grand Island Ry.—
,
Holier*
When
Share
Abbott Laboratories, common, (quar.) ——X "
7
Extra y X-XXXXx±XXXXXrX'±XX'
'
-. ,
announced this week are:
:.r^■
Industrial and Miscellaneous Companies
/J; 'yv;
Per
/
947
mortgage 4%
In the
all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
which have not yet been paid.
Further details and rec¬
ord of past dividend payments in many cases are given
under the
-
1st
697
tables.
grouped in two separate
are
and Investment News
TENDER
•
823
30
DIVIDENDS
%
Aroostook Valley RR., 4V2& sterling bonds due
Chesebrough Building Co.—
1 . ,
v*
-, \
'
1st mtge. 25-yr. 6%
gold loan ctfs.-——^-.——-—Apr
-xx XX
Heller (Walter E.) & Co., 5\k%
preferred stock——Mar 22
Mount Hope biidge Corp., 1st mtge. 5s, due 1969
Mar 15 /
1350 Broadway Realty Corp. (Herald Square Bldg. i-—.
:" X
7 X^-'
1st mtge leasehold s. f. bonds due 1948—
:•
Mar 5 ...
Oregon RR. & Navigation Co.—
4% consol. mortgage bonds due 1946
—Any time
St. Joseph
1038
;
/
26
—
Date «+ Page
1961.—Apr 12
. "774'-
Oregon Short Line RR.—
,
Consol. 1st mtge. 5% bonds due
1
1
;vl
279
53
—
1
to domestic banks.
Deposits credited to domestic banks
.
OF
1036
Rnitting Co., 5 % class A preferred stock—.....Apr -1
tin. Volume 16L
Sin Volume 162.
v
NOTICES
822
'
first we bring together
Company and Issue—
:
12490
•Announcement In this issue,
—147
list of corporate bonds, notes,
stocks called for redemption,
Including those called under sinking fund provisions.
The ddte 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."
the following principal
Increases of $107,-
1038
-
+ 1,661
common
changes for the week ended Feb. 20:
320
cumul. Inc. bonds
35
Below will be found a
reporting member
1035
12862
,
,
+
+
§1930^
1958^....—Apr:Mr
United Air Lines, Inc.,
Notices
Condition Statement of Member Banks
The condition statement of weekly
-due
34-year 3debenture bonds due Oct. 1, 1970—Apr
35-year 3^^ debenture bonds due May 1, 1971—.May
4Vz 'h? cumul,:conv,; pfd,; stock^^Apr
Universal Laboratories, Inc., preferred stock
—
Mar
1,052
+
•
1
1*
145
revised (New York District).
4.4%
43.3%
Apr
+
Redemption Calls and Sinking Fond
+ 3,661,840
JJun
stock
821
Union Pacific RR.—
263
41,276
44,095,445
3, -due i964
$7 pfd.
gold debentures bonds, series A, due 2022
July 1, '47
Toronto Elevators, Ltd.* 5%% preference stock.——i—^Mar ,7
139
34
660
1034
1
Q%
564
—106
Corp.,
Texas Power & Light Co.—
460
31*
+
820
l5
J954^.:—-J——Apr
Taylor-Wharton Iron & Steel Co.—
Collat.^ trust (now 1st mtge.) 7l/a%
—1,224
+
820
7
Works, 5% preferred stock
—.May 15
Syracuse Gas Co., 1st mtge 5% bonds due 1946—
Any time
Tampa Gas Co.; 8% and 1%
preferred stocks———Apr I
Borrowings
Debits
358.355
+
—
820
V
Stanley
929
—
Steamship
&
Fruit
Standard
9.
453
'
preferred > and
,
10,094
12
—
78
''
+
51678
•
Mar- 7
——
—-
i Southwestern. 'Bell .Telephone Co..— +
1st & ref. mtge: 3% % bonds, series
indus¬
trial loans
New York
9,616
16,433
Foreign banks
1,647
to
7
3,415
10,004
573
2,275
37,687
Interbank deposits:
"
Domestic banks^-«,«^.»u.^^.^.^.—
gold certificate redeposit and F. R.
combined
J 27,226
.
adjusted—
to
liabilities
7,945
I
U. S.
279,831
15
+
12.894
deposits
Capital Accounts-
Ratio
■
Time
+1,314,797
17,461
-
+
.
1034'
Corp., gen. lien colldt. trust
* .
1954—J-——-——Mar 71st mtge 33+s, ser. 3, due 1986-May ; l|
due;
bonds
Southern Pacific RR.,
97
.+
.Jf; 1,514
—
Demand deposits
32,962
80,890
-
Llabnitles—
411,146
561
17,534.326
43,489,673
liabilities.
'
,'+ ;.
+ 22
80
Obligations guaranteed by U. S. Government
Other securities
-1:Reserve with Federal Reserve Banks
—
Cash in vault
Balances with domestic banks.—.*
+1.961,997'
26,790
—
"
+
1,125
certificates of Indebtedness—
';'
34-
:.+
784
'819
Southeastern Gas & Water
+1,216
.465
945
'784
preferred • stock-;.—..Apr • 1
■
" iu
- * "•
Seattle Gas Co.X^XXXXX-XX/
1st, & ref. mtge. 5s,- series A, due
"
29
—
25:
2,128
a, 738
Treasury notes
+.:X!abUities-T"«;';y;J..;|;^+":S;;;y;^
:-5;
701
903
52187
preferred-stocks.—May
9% cumulative preferred stock
—
Mar 15
Co.-Jersey-Gentral, coll. trust 4s 4ue 1951i—AprV l
Southeastern Ice
-591
+
34
+
1,558
—'
O. S. bonds
Deposits:
7,386
§2822
784
Corp,; 1st mtge: 5Va's; due 1954-u—Mac
;r Schulte tl). A,),' Inc.» preferred stock--i—;-^i.-v-t;---iMar
:
; + 1,073
,
banks.
Other loans
ITeasury bills
3.661.840
25
467
§2822
7% >nd-6'V
Co.,
Republic-Drill & Tool Co., cony, ^
"Royal Palm Ice Co.—
v
•;; 1st: mtge. . 6$ due: 1952-'
3,488
+
53078
'
(not preferred^ 3% bonds due 1948^._:_Apr
York RR.;v3% mtge,. ••
1967-^-——XXXX~,~XdXXX-~~~X±~~Apt
Edison
income
+
Treasury
+
-122,098
44.095,445
Federal Reserve notes.
+
Other securities,
Loans to
Reading
+ 107
.
781
5151S
mtge.
Rand's,
*
15,181
Investments—total.
Real estate loans
208,649
1945
-
*j|
9,429
Other loans for purchasing or causing t
vii U. S. Government obligations.!
73,171
+
4946
-1st
•
Potomac
+
Other securities—
>X.::Xx;'.r 6.
XX
6,884
109,878
2.093,203
Total assets * i,
185,180
3,532.716
(—) Sines
fFeb. 21,
*239^
.
147,029
and
633
_„Apr;^l
>iZ4&--XXXXXX-XXXXXXX»X±XhVt:-'
due
bonds
-
bonds. due
68,182
industrial,, and agricultural
loans
.XX^.X-.-^X^X-^—mmXmX.
Loans to brokers and dealers for pur¬
chasing or carrying:
U. S. Government obligations—.
10,003'"' ,7+3,589,803
23,353,699
—
—
+
$
Loans—total
Commercial,
187,021
—
45,303
.22,972,035
Loans
2,629,071
+
—
6,000
—
^ +.*.v.+
f'-L. i-i'i.-').
..+ Assets-— :iifir
+1,275,846
48.000
—
;;.!i. -jXi-
2,212
-+
.
8,697
+
-■
"
premises
Feb. 13.
905
,
Philadelphia; NewtownNew.
At-'-.-
Increase (+)
1946
59,299
946,892"
items
Other assets
1,539
13,106,232
7,546.211
1,372.700
of other banks
notes
165
89,141
+
27,465
+
'
+•
reporting
i |$l?
Decrease
296,743
—
5,962
4,783 -
+
i
_
banks.:™.
R.
Uncollected
..
380,073
securities..
foreign
from
Due
F.
dollars)
(In million* of
I6L557*
"
12,043
+
18,048.932 •
353,515 ';
+.+++—
++, :'+++ ++++I ++++'+++
Total U; S. Govfc securities ;
'
,
and liabilities- of
Feb. 20,
v
loans
Industrial
U. S.: Govt,
.
'782,367
mx^X-XXX—•:
—
and" $53,000,000 at
^
•
1«;
———Apr "
.
;
due 1946
—Anytime
;
1st lien & ref. 6% bonds, series B. due 1947.
—Anytime
Oregon-Washington Water Service Co.— ' ^
,i
•*:' 1st mtge,; 5s, series A, due 1957—LX"X'j!-XX~XX-!Apr 9
Pacific Telephone & /Telegraph. Co.-*- V . . 1.
< J
'/
"
Ref. mortgage ZY*% bonds, series B, due 1966Apr 1
i'Pennsylvania-Sugar Co.; 4'* debentures due 1952:^i_-:July 1
/Philadelphia & Chester Valley RR., pfd. 1st' mtge., 4% -
•-
458,300
•
+v: 18,005
17,266,565
certificates -XXXXXXX:.
Redemption fund for F. R.
of - the. assets
member banks follows: y
A summary,-
*
1027
Northern New York Utilities, . Inc.*—. i
1st lien & ref. 7fi>?bonds, series A,
City,
$29,000,000 Jn New, York
778
51513
Inc;, class .A stock—
.^-i.-w-Aprv 1
Corp+oiiAmerica—!
J " rt' .V".:,'1
Collateral gold notes, series of 1929 due April, 1946_Apr
1
Niagara, Lockport & Ontario Power Co.-^.
1st mtge. and ref. 5% bonds, series A, due 1955i
w-Apr -1
Niagara/ Share Corp;, 4%% preferred stocks.-'—«-.—*>Mar 7
■
-
-
...
$23,000,000 in the Cleveland Distri<rt,
all reporting member banks.* >
1945;
1946
1946
Assets— :+++ :++;!'i%++
"Gold
Feb. 28,
Feb. 20,
-
Borrowings declined
o
Morris Plan
$47,000,000 in New
including a decrease of
all districts,
"
::
I Lyonw-Magnus,
.
,
-
•
.562900*
,;
63
1026
'
United Bakeries, Inc.—,
8%' preferred' stock
Langendorf
.658300*
.562900*
v.
462
1025
,
Kresge Department Stores, Ihc.
4% convertible 1st preferred stack—_
.233626
.233626
776
>
debentures"due^ 19fl5iii:ji!^Mar 28*
+
. ;•
;+
gold bonds^ series E, due 1977—July 1, '47
Great Northern Ry.—
.238520
.238520
1025
15
18
9
; •
.
.
'-,658300*
.562900*"
i-l;
■
775
of America—
-debentures^:.;— X XXXVX szizi - X XX2 Apf'TS -
"
.040501 .091324 ;
*
NiaicontroUed^-w.^^.^^.^.--.———
/-
:
>'
'
.658300*11
.562900*
—.
-
v"
462
1023
cumul. conv. preferred stock-——Mar 14
4^2%
Eversharp, Inc.—
'4Va^ convertible income
.202020
.091324
Corp.,
15-yea r- '5 (•<- /
3.227000 +
.040501*
4.065000
stock—
Elastic Stop Nut Corp.
;
■
,233626 '
v
"4.005000
'
-•
.202020
.238520-
r
.233628
.658300*
.904375
'
.091324
'
'
4.005000
*
.202020
'
.091324
.238520
.909090 ;
.909090
.904583
'
f
52142
'Y.'vi
v,: ,
,
_Mar 5
Co.—
prior preferred
774.
1022
i'Xj.'-iiW']
preferred stock__Mar 15
prior pref. stock-Apr
1
Curtis Publishing Co.,v 3'*
debentures due 1955—i.
Apr
1
Davenport Hosiery Mills, Inc., 7%i conv: pfd. stock—Apr
1
Dominion Tar & Chemical Co., Ltd., 5Yst%. pref. stock™Apr
1
.377893.-
/
3.227000
.903125
3.227000
Page
•V+646'
Compo Shoe Machinery Corp., conv.
Continental Gas & Electric Corp., 7%
.205800
.379324
,
'
.040501
.233629.
.301215
.040501
.202020
:
.091324
f'i
Switzerland, frqnc^-----—.—
Onion of South Africa, - pound———«-+-<-
"
'
.040501
Spain, peseta:—-,-,..-.---.-—
Sweden, krona-*.—-—-—;+.——
,
1
,008410
,205800
-
.
.909090
■
3,227000
.202020
krone_i.ir._-—~XXXXxX.X^±-X
Uruguay, peso—.
'
.379324
.903125
3.22-7000
'^Portugal, escudOi->-w^-^.^.v>^r^"^-^-~---*'"2r'
.
%909096^
.
4.033750
V"
.301215
.205800
,
*
Date
Chicago-United Artists Theatre Corp.—
1st mortgage 6V4% leasehold bonds_!
___Mar
Columbia Pictures Corp., $2.75 preferred stock—„_—_Mar
Commonwealth Edison Co., 3Vi% debs., due 1958—Mar
?v
.208766
;008410
.
* '
,
Power
convertible
-
Carrier
.569800*
'
.208766
:
«v
International Investment Trust, Ltd.—
.
J'-'Zy?
1st collat. trust bonds, series A—„'™_——Apr
1
5%
% y'v, .906875
4.033759
,r:
.301215
<
•
\ Free.———XXX—i-.™.-.-—
New
'S
iv
5Y4'/c
.909090
.569800*'
{
'
'
.909090
Holiday.
.903125
Norway,
;
"
.008410
.
.205816
guilder*.-..*^.:.:.-—
Newfoundland, dollar—
.
;
'!'* 'I, f
~
Canadian
.907031
v V:
4.033750
,
,051802*
.909090
.569800*
•
.008410
.301215
.205816
,
.%
-Vvj;
ENTIRE ISSUES CALLED
.
Electric
California
.060602*
,051802*
'
.208766
.008410
England, pound sterling,
_
—
France (Metropolitan) franc.-.——'—i—~—-India' «BritishL rupee*..^.
-.w-,—
■
,
.060602*
.905625
i
.208766
4.033750
■
'
.569800*
;
.208766
:
.
.
:
.022845
.022845
,
.909090
.909090
.905625
:
.569800*
Colombia,
3.214113
'
<
Official
.
'•*
Aliis-Chalmers Mfg. Co.,' 4% conv. preferred stock—__Mar 4
Armour & Co., 4,/2</<i
income debentures due 1975———Mar 4
Atlas Corp., preferred stock————.—-Apr
1
Bethlehem Steel Corp., serial debentures, due 1946-1952_Apr
1
Butte Electric «& Power Co., 1st mtge. 5s due 1951
Any time
li
.251247*
;
v,
,
Canada, dollar—
;
3.214113
.060602*
.051802*
—~
•—
—
Belgium, franc.*..—
•
;
/
";)■■ *"
Company and Issue—
$
1297733*
.251247*
.251247*
3.214113
"3.214113
Australia, pound
*
Feb. >28
'
,
$'" n:"
.297733*
"
3.214113
/
•
.297733*
.251247*
.251247*
.—.1—
■:. Official
Feb. 27
•
'
-
'
,
,
'S'' ^
.297733*
.
J\' I,
V
Feb. 26
$
■:+++++
'?,*:-v+i +•■++- +
'
;
Feb. 25
Feb. 23
Feb.22
New York
In United States
- value
.
„
Cable Transfers In
Money
Buying Rate for
Noon
■
Ice
Co.,
preferred new
7%
preferred (quar.)
Optical Co, (quar,)—...
1
3-'5 *
*+•»'
:
3-
5
4-
1
4-
;
1
3-15
4-15
$1.50
—
Locker Co., Class A (quar.)L
American Locomotive Co., common—..—
American
3-
3-15
1
4-
25C
6%
American
■
+
$1.50
XX~X
preferred
(initial)
—
2-12
3-15
.1
Co. .Houston-.v
;*'
3-13
50c
$1.50
Insurance
...
1
50c
(quar.)
General
(quar.)
3-
$2.50
—X^
common
4-15
50c
3- 8~
2-28
35c
4-
1
4-
1
y
$1.75'
..... ..
/
»
■
3-13*
3-13*
4- 1^
-r: 2,1 j-
t »
3-15
When.
H older t
Payable'
of Reo.
Pet
7/.
American Power & Light, $5
$6 preferred
(accum.
American President Lines—
Saicty Razor Corp.
American
Screw
American
(quar.)______
Co™™
7%
preferred
Bottle
Co.—*
;
>"
•
-
Co.
Constable
'M
1
1;
4-
4-
$1.75
7; 4-
3-
3-30
3-15
Duke
2-28
2-18
T/v
4-1
3-
'1$2
64 preferred (quar.)
Breeze .Corporations^-
3-
•'
1
3-20 7
3-12
r
4-25
4-15
4-
1
3-20
4-
1
3-20
4-
3-11
3-
3-30
3-15
America Clas3 B
'
7
•
shares
20
54
partic.
54
12 %c
3-20:
3-
Byrndun
415C'
4-
1
4-
1
3-15
Class
B
shares
4/ $3
.
stock
common
for
each
Calgary & Edmonton Corp.,
California
Calumet
Canada
Water
Service
•V
Florida
B
(s-a)—
7
^
$3.50
3-25
7
3
4-
9
! ■'
4 50c /
4-16
50c
4-
;
3-
1
1
3-
1
<441
3-
1
-
3-15
3-
1
|
3-15
3-1
3-15
3-1
3-15
4-
$1.50'Class-A:faccunn)»^i^^^^wv.- ^^37%e'
t
J:
■ l
5%%
3- 5
.
'•
Coat-
Chemical
15c
4-
i4
3-
9
3-15
3-
Bookbinding
Co
1
3-15
7
3-
3-14
4:
4-
3-
im
Great
1
3-12
3-
v-v
'v',
-
3-
2
4 3-20
3-30
3-20
3-25 <'
3-15
3-25
3-11
1
1
u-1
53 Vac
3-12
2-28
25C
3-10
2-28
3-18
5-
90c
3-
3-30
6c
'4-
1
^
7}
Hawaiian
3-15
7V
2-28
4 $5 preferred
of Baltimore,
^Common
$2.75
:
Inc.^—
Stores,
(increased)
15c
■/;3-15
5-
1
1
4
preferred/ (quar.)
pfd. (qUaJ».)__L
—
Continental
Air
.4 68%C
4-
$1.12%
4.'4-
1
7/4-
1
Co
10c
l',/
5 '/
3-18
3-
3-25
-
3-
4
14
Inc.
Cottrell
Crane
i
—
(C.-B.)
3-12
8
Creameries of
Amer.
Inc.
Crucible Steel
Co.; 54
(increased
quar.)
—__
(increased quar.)__/
pfd.
(quar.)
25C
25C 4
3-15
90C
3-25
3-30
3-15
$1.25
Chemical
•
3-9
'
3-
3-15 - .4.333-15
I2V2C
4-25-
$1
t3-15 >
$2
4-
$1
3-15
34%c
3-30
25c
68%C
i
4
:
3-15
•
-
•'
75c
25c
(quar.)
3-15
3-15
3-
4}
75c
Co.
3-20
3-20
2-18
4-15
2
3-
Consolidated
2
3-
9
4-
1
3-15
4 3- 4
3-11
4_
25C
™
v
4-
1
75c
4-
1
7 3-30
4
3-30
3-15
525c
7 '•>•"'!!!
8
a
pfd. (quar.)
4
4-
preferred
(quar.)
3-25
(quar. 1
preferred
(quar.)—^____^_4________4
(quar.)w__^-_-^-^.4_i-^_^_
^i_i._4_i_
V
2-26 J
3-
2
33-
4
1
1
International
2-22
International Minerals & Chemical—
4-2
3-16
-4-
37VaC
2
3-16
International Salt Co.
3-11
International Silver,
:
■
■" 25c ■;
-4-
1
3-15
3-15
;:3-
1:
Co.
4;
(quar.)__-_-_i-^_4-_-r___^
3-25
5
15C
preferred
'-4
3-,6
4-4V.
2-25
3-5
3-21
'
2-18
3-1
3-1
2-18
3-7
$1
.2-28
,
$1.62Va
2-20
.
3-15
Co.,
3-15
3-15
4-;'.h #3-20 K;
50c
—*
'
4/7^75(44
Co.; commonLL.—-^--
3-1.4.
$1
$1.25
ria-c
;■
:
4-
3-
1
3-
Nationnl
43-
4-
1.77 3-16
1:7 :42r2577'74;
.7: 3-18 44:4 ■
1 7[
3-18 4777
,
43*154447
'••. 2-20 :477:
4-15
3-25
1
3-21
2-14
47 74
3-15
4',
.3-29
4- 1.4
30c
f
'
75c
9
Industrial
4-
3-
m
4-15
2-28
3-15
25c
7
3- 7 "■
7 :7:3-2944:474;V
4-1
25c
7
2-28
50c
3-
9
$1.25
3-
9 4
2-28 47'4,
'
5-
$1.50
1
3-29
30c
(increased) _•«—
Corp.
(initial)____
3- 8 4
'7 4-15
3-20
3-30
12 VaC
$1.25
1
35c
2-15
4
3-
3-2Q'
\
"•
3-30
3-26
$6
4- '14
4
4-
7 ^ 25c
—.
7
;
7'77.:
2-28
3-15
.1,
I2e
3-15
12c
.
;
4 V2
3-. 9
4; 2-28
3-15
3-30
v
3-19
K
7 3-19
7
-
/
2-28
5
"
2-23
,
4___^__4_4__l;4_-:
pfd.
(quar.
3-14
3-30
6-29)
$1.25
9-30
9-20
12-30
12-20
3-25
3-15
$1.25 :
40c
1,3-20
1
4 2-15
$1.50
3-30
3-19
$1.50
3-
2-15
37 Vac
3-
4-
4
•
30c
1
4-
2
3-15
3-
.3-25
3-
4-15
$1
'
3-16
3-29
.%
50c
4-
74-
1
7 3-15
7
,n
3-15
1175c
3-15
$1.75
;
..
737 %C 7
4 3-15
4 4-
Northeastern:' Water,
;
;
$4 preferred
Mills,
preferred
6'7
common
—_
common
47
;•
5%
Spring
Co.
(quar.)
4/
Class
B
Co.,
class
(increased)
A
3-
5
3-
8
3-21
,
:4
3-12 7
3-31
3-20
■
2-28
•
2-28;»
'7. 3-
6
1
,5-15
3-15
'77:3- I
3-1
^l'-?54
,3-15
3-1
$1.25 '
3-
1
2-20
'
/
Wi____4__
iquar;)
preferred
No-Sag
(Wise.)— 7.
2-287
3-15
7;
$1.50
(quar.)——-,-—
States Power
6-
$1
25c
(quar.)—.r
'7f/;7^: preferred (quar.) 44—4*4474'44744
Northern
3-11
:
3- 9
1
7 3-20
7777,35C7V
4—7.^r^_:4—4;■
(quar.")
Northern- Paper
$4.26 V4
(accum.)
I
3-18
2-28
3-30
25c
.
/7>5%%."preferred
:
i 4
7 3-20
•••'
Ohio'Brass
4-15
3-15
$1.50
"
$1
.
•
^
3-7
3-14
3-18 I
4- 1
Jersey Power & Light,;4% pfd. (quar.)
3-28
75c
York City Omnibus Corp.—
----3-19
30c
Newnort Industries, cunmon (increased).,—
$1.06'A > ^4- 1
f; 4 V*% preferred .(initial quar.)
7 7 30c ' *H- 1
vNicholson File Co.' (quar.) ——4—4—14——'
North American, Investment-^ " 7 ' 7
7,.
:7$4.C5!:: 3-20
.'/6%4 preferred. :(accum.)!4"47/44-44-i.i4_—,
3-15
1
$1.75
-4.7-'
$7
8
777.65c; 7; 4,
7
pilor lien <accum,)-—,
prior lien (accum,)__4——
.New Haven Clock Co.^4—4444—
New Idea. Inc.- (quar.
$6
:
New
5
25c
77
•;'(
.
New
3-30
1
4-15
.SOc
L
Investment Foundatioil. Ltd.-1- "
4
6% convertible pref. (quar.)____-_4<__
■
7:6-19
'
7
1
7
74;;15C77; 3-14
7/7/35c.'4 .4-'l."'
74:.7,:,$174 4 4- 14'
$1.12%
'«preferred(quar..$1.12 /z
Service—*
4-
;7$1.58l
Corp.
New England .Public
3-30 ;
3-
Delaware,-Ino
_
(quar.)
National Sugar Refining Co.
iquar.)_—
National Supply Co., $2 pfd. (accum.)™—
,3-20
3-20
prefcred
National Steel
3-11
■7 3-
3-11
$1.25
t$3.75
National Shirt Shops of
,
8
3-20
'
'
3-15
4-lev
series-——;—
stock
'
777:4
3-15 4 773- 5
3-4
3-29 7
7
$50c
Co.
Cooker Co
3-15
3-28
25c
common (quar.)
—orpfpvreri (onar,)_4__44/4;.—:
Petroleum
3-20
3-127743-714474
'250
;
;44
-.74 3-15
2-28
4-
$1,25 ;
(quar.) 44
>
3-28,y
3-25.
3-15
25c
Co..
National Pressure
9
3-
1
1:7
4-15
62 VaC
National .Securities, Series—
Income
series ^4-'^—4^/-
2-25
44- i'i
1
4-
4-15
25c
12 Vac
:t;pnn7«qH-4j.
3-20
4-
;:30c
i$1.37Vt
(quar.).._
6
3rt)225n I'l'SftS-iacr.'O
3^8.:
"
(quar/)—_4_477____,4«_44a—
'
.
W. 20c 4
(quar,)—
■
3-19
...
s.3ftilmnv£rj3
u
3rjii ba?" ih'ibUil
25 c
Ltd., common
.v
13 *4$ 1 tor
oh
4-15)iaof[4h
$1.75
pfd. A (quar.)____
4r.-; li
3-29
15c
(.quai4i-4___7444——
National Oil Products
ji
V
(quar.)_^__4-_4'
3-8
4%
:
4-15
^ 20c
—•
3-15*
3-15
45c
477:47 $17
:4 ?5c
preferred (quar.)———
Corp./common (quar.
National Lead
3-14
$1.25
7
-
(quar.)___:
3-30
r
8-30
11-29
44c
4
4'
!
":7 7"$1
Corp.
(quar.)—__r
Dejay' Stores, Inc.' (increased)'•—^
Delaware Fund, Inc. (quar,)_—/—
Railways, Inc.___
Consolidated Copper
; s3-ll
-
5-29
5-31
8-31
; 11-30
7
3-29
(quar.)__i,™—
National Casualty Co, (Detroit) (quar.)
National Discount Corp. (quar.)—
_____
5%* prexerred '■iquar.)_444-j-i-£-4-77-4_44-.;
3-
56%c '
'
_
preferred
15c
87% c
(quar.)
National Breweries; -Ltd., common
3-12
4
5 %
Harvester
2-27
7
National Cash Register Co,
3-30
$1.12'/2
25e
■
11
2-18
2-28
43%C
3-29
3-12
3-15
Manufacturing ,Co.^,_;i_4_^^i^!_ '■ 4/4 25c
Co.
(increased) 444
4 60c
Inspiration
common
2-25
3-15
Statler
Indianapolis
.
3-
7
1
6
"
Imperial Life Assurance (Canada) tquar.)_
Indianapolis Power & Light (quar.)7__-_^_i-
i!
: 4_-
Nosh-Kplvinator Corn.
3-12
$1"
3-11
3*
$1.
3-11
8
•
3-1
3-30
•
"
M 62 %C
3-15
5-15
4'3-^'l-:4
$1.75
3-
3-15
3-30
■
3-20
3-15
5c.
25c
2-28
"
1
1
4-15
•
8
3-20
4-15
43%c
Manufacturing Co. (quar,)
Muskogee Company (irreg.)
—
Myers KF, E.) & Bro; Co.—r-v--Nachman Corp." (quar,)
3-
4"
•
_;_ii_;44
Hydraulic Press Mfg., 6% conv. pfd. (quar.)
Bell Telephone„-_~_______4_.
:_^^4
Illinois Municipal Water, 6% pfd (quar.)
\
3-15
3-
Rubber
$5 • preferred.
3-154 4
25c
3-
7
$62 VaC
4
4
3-18
':75c- 7
t25c
Murray Ohio
50c
(quar.)____
$2.25
3-16
-
$2.50 convertible
1
3-26
50c
1
common...
preferred
preferred
Motor Finance
J 10c
-
(quaT.)___
3-15
1
43%c
3-11
;
20c
4
4
3-
4-
43 %c
Mines_7_____^_
(quar.)
/
7
3-20
50c
^
x
6-
$2.50
-
Allison Co., $5
3-
r
4-
Moore-McCormack Lines, common
b-20
$1.75
—
Gold
4
4-
40C
10% "• :7' 3-
,
9
4-
•
3-5*
$1.25
■■w
50c,
Molybdenum Corp. of America (quar.)——
12Vac
Monroe Loan Society, 5Va%
pfd. (quar.)
34%c
Montgomery Ward & Co., Inc., com, (quar.)
7. 50c
$7 Class A \quar.)—' . $1,75
Montreal Telegraph- Co. (quar.-4—™
V $48c
Moore Corp., 6% preferred (resumed)——
?$1.50
3-30
4-
30c
j
4_4_
3-15
3-5
3-15
(qiiar.________
Co.—
Containers,
5Va%
Mohawk
]
Parts_^^i_.,_4l.i4!4!_t.i»;
(quar. 1
3-29
77; 3-15
Co., Class B„__
(quar,)____-,w___44_-,—
preferred
Modern
; 3-20
10c
Publications, Inc.—
^
;
8
1
(quar.)__
(Accum,)
3-
:
1
'
•
3-12
6
20c
*
-
■
1
3-
7 4- 2
4-
7
3- '4
■
25c
:
Valley Canning
4" 3- 8
3-
; t$1.75
'
,/44': 25c
Mining & Manufacturing Co
5%
4-
30C
3-11
3-20
40c
'
Minnesota
3-27
;
2-25
3-11
3-29
35C
Minnesota
2-25
3-30
■'
2-25
9
43 %c
Co.—
Milwaukee Gas Light, 7%
3-30
25c
9
:
'
"Minneapolis• Brewing
§ 3-13
1
3-22
;25c
(s-aJ-
Co.
(quar.)
Ltd. (quar.) _!
8
75c
quar.)
Co.
3-8
33-
$12VaC
;
pfd.
(quar.)
Convertible Class/A
2-28
1
Co.
;Midvale-
$1.25
(quar.)—_
3-15
$2 7
'-
(quar,)
Millbr Manufacturing
3-
If V.*;. V-
3-
$2.50
3-13
preferred Series 1940
5
3-15
'
2-23
3-12
7
7 62 %c
(quat.)_—v
3-5
=
; 3-20
40c
—
(increased
Insurance
3-15
50c
;
Ltd.
,4 4-1
25c
,
Co.,
Co
Powder
8
3-15
25c
1
1
3-27
,
3-
4-1
'
4—^
Co..
6%
3-22
4*; 1
■
34-
6% pfd. (quar.) '4 $1.50
7
$1.50
(quar.
$1.50
$6 prior preefrred (quar.)—.
Mickelberry's Food Products—•
;
60c
$2.40 preferred *-( quar.)—u_4__—-_4__—,
/:■:•/ 45c
Midland Utilities Coifr (initial
'3-/:4
4^:
25C 4
2-28
,
40C
Corp.,
Michigan Public berv.
3-19
3-30
Corp.-__-_-___—__
H.): Packing Co.—
;;;
'
(H.
3-12
.
#3-30
$1
________—
Linotype
5.preferr#4
1
3-4
25c
Stores
CO.,
3-15
3-
Oil
3-12
1
4-
V: 4^1
50c
-i*7 ■r-
(quar.)
(quar.)
(quar.)
preferred
Mever
3-15
$1.25
—
8%
Messer
3-15
1'
J22c
Corp.
Hat
Merrimack
3-1
3-30
3-1
17 %c
7%
Mergenthaler
4;3-7;
•:
3-29
3-12
50c
'.) 74-4
3-19
;
;
-;;4-;i
Asphalt
1
1
5-
.
(irreg.)^-ir:: 774470 c-::
Fund
2nd
Investors
$4
preferred
Medford Corp.
2-23
4
i
22c
-7§
3-
3-15
-
-preferred (quar.)
preferred (quar)
__v^
H'/o preferred (quar.)
McCord Corp., $2.50 preferred
;; 2-23
30c.
_
s-''
1%
„
v
3-20
3-15
.
_
•
3-15
1
4-
$1.75
3-
*50c
-5% preferred (quar.
HvdS^Park Breweries (irreg.)_____
4
525c
Corp.- (quar.
Dayton Malleable^ Iron (ouar.
Dayton .&'• Michigan' RR. Co., com. (s-at—■_
84
preferred
(quar.) -_v--/------w/-™
Deisel-Wemmer-Gllbert
3-30
1
p77:"$i7i'
_
3-6
May
McEwen Kaiser Co.
McClatchy Newspapers, 7 %
3-
40 c
5%, preferred
3-13
-David As Frere, itdM Class* A f quar.)—4,' Extra ' j-T—
■
2-27
'•7>4;
3-
;
5%
84;
■/:/■•■'
:
9
3-15
3- 5
3-15
Li:—4—4--4-^—4-< :'
Fire
Mastic
4-18 4 4 3-30
12»/2C
,v
Illinois
Publishing Co.—
Davidson
3-
:7:-
(quar.
$4 prior preferred (additional) —
Dan River Cotton Mills———g.
<
4
3-20>:
4- 1
4 $1.50
74; 25c 4 : >3-25
Co.,' .(quar.)^----.-—
Crosley Corp. (quar.)/
Crowell-Collier Pub. Co.
Curtis
pfd. (quar.)
Sons, 64
'7 4 $14;,
/
2-28
3-
3-15
"
Coro,
3-15
$2
Massey-Harrls Co., Ltd., common (initial).
$1.25 conv. preferred
(s-a)4—-—
5
3-15
Ijif
3-15 >;
(Harvey) Inc. (quar.)____4__^_4.44 44: 40c
Humphreys Manufacturing Co., common... 4 ■: 20c V1
v
6% preferred <quar.)_^_u4i.i.!_^_4_^i4^_'
$1.50
Hutchinson Sugar Plantation Co. (quar.)„._
15c
Huttig Sash <te Door Co., common (quar.)_4
30c
3-15 v
3-
4-
Hubbell
' 43-15 4
/
4-
3-15 4
common—..———™!"
—4-'r":
Fisheries
Houdaille-Hershey
3-15
15c '
Fibre
(quar.)_
preferred
(S-a)
Instrument
Co.,
4V2','r
Hotels
Lines—
Diamond
:
Hoskins
3-15
-
Consumers Power. $4.50
Continental
:
25c
3-20
■
3-15
Equipment Corp.
Insurance
Massachusetts
3-15
3- 5
(quar.)—4—4
Coal' Co.—
preferred
I'M-
Hoover
(44-- I//,
3-9
1 4
3-15
—
common
5%
preferred' A
Hooven &
3-15
_____
34c
■— _4—.
_
3- 8
3-20
4-
12V2C
(quar.)
(increased)
Hellingsworth & Whitney
(George W.) Co., common
3-29
4-
$ 20c
3-26
25c
Holme
3- 1
$1.25
/
2-28
;t35c
—
—
Electric
Hollinger
90C
■
(quar.)
Indiana (quar.)
Hollander (A.) & Sons, Jnc.
common
Consolidated Retail
;
Inc.,
Consolidated
Hercules
(quar.)—1
(quar.)
Consolidated Press, Ltd., Class A—
w
4—4—_4,
—
—_c_
(quar.)
,
,
3-15
3-15
25c
(quar.)-——£—1-/^4^-
Co.,
Hein-Werner Motor
$1.75.
Consolidated Gas Electric Light & Power Co.
4
2-28
^—4___4444—.
(quar.)
7
3-15
■
3-18
v-3- 5'
%c;
37%c
Manufacturing
Hathaway
5
3-14
1
3-30'/
ioc;
Harrisburg Gas Co., 7% preferred (quar.)__
Harrisburg Steel Corp. (irreg.)
Hearst
Compo Shoe Machinery, vtc. (quar.)—
Consolidated Edison Co. of New York, Inc.—
>.
Ltd.
Inc.
Investors,
Eastern
Hammond
c
-
& 6
,
43- 5;
3-30
50c
(accum.)
5
3- 9
2-20
!
"'
1
4-
Payment is proposed to be made 28 days
after the date of the SEC order to holders
at the close of business on the 14th day
after the date of such order.
4
$1.75
preferred (quar.)
—4——<4
50c
Greeili(D.): Co;44—^444—4——444444—4444—S;
25C
Greene Canahaea Copper^i————^^
Greening (B.) Wire, new common (quar.) —V
$5c
Grinnell .Corpi,:——w-44——4 ji—
2uc
Griesedieck Western Brewery—*'
,
.
,
5WVc
cortv. ; preferred
(guar.-)4_^_x.i—:/'• 34%c
Grhen Watch (quar.)
25c,V
Hall (W. F.) Printing Co. (quar.)___
25C •'
(Kentucky)—
pid.
$6
1
3-18
I'm
•
South.,
1
3-15
_________
15c
Co—Ltd.—^
$7" preferred (quar.)____—_4^_v_4—__
:,
2
-3-12
H
15c
&
4-
2-27 4
>4250;
Great. Western Sugar Co., common—--—— 4
2-28
1
■
Commonwealth
9
30c
Great Lakes Power
4
3-18
3-14
6-
Commercial Credit Co., common (quar.),—.
3.604 preferred (quar.)—.——_—
Commonwealth Investment (Del.)—.
/
9
3-
j——
Brewing Co. of Mich.
Grayson-Robinson
4-
>
■Quarterly
3-
1.4
12 Vac
Mills
"iGpssett.
12-
j.—
Commonwealth Life Insur. Co.
1 4
4-
preferred /(quar.)—
Gorton-Pew
125c
Co., Inc.; 4% 4 ;pfd. (quar.fcwJi.^- >
$a
-
3-20
525c
Semi-annual
Coleman
4-
(quar.)
$5
3-15
4-1
$1.75
»
Commercial
20c
5
junior preferred
Goodrich (B. P.) Co.,
50c
-
•
4-
7':45C
______
25c
Globe & Rutgers Fire Insurance Go.—
3r30
3-5
20c
3-20
7
3-15
3- 8
(quar.)__
3-11
30c
(quaf4i-iW^i—
Cluett Peabody & Co., Inc., common—
74
preferred (quar.)
Cockshutt Plow Co., Ltd, (s-a)i,-;
2-28
i
,3-11
——
A pfd.
class
3-30
25c
(increased)
Corp.-^.^wv-^-w^-^^"
Co;
Falls
Glens
1,4/ 43-11
3-4
n
—
4.44a,'i;'v7
50c
-
3-11
3-5
:;•••, ■7,
Special' (quar.) - 4^444?.44444_-4_4~!'_4_,^
$4.30 original stock- 4i_—i4——
Loew's,
Inc. •(quar.)______i_—___;*__^___/
Lone Star Cement Corp. (increased)
Los Angeles Shipbuilding & Dry Dock-—4 ''
4 "Initial
:4—44-44—4-_4i444i_*
Lowney (Walter M.) Co. (quar.)
Macy (Rv H.) & Co. (quar.) —_u—_
Magor' Car Corp!.^—
Mahon' (R;C,) /'Co.»
4_i^-^
Mangel. Stores 'Corp.—-—
r—.
Marathon Corp., new common (stock tiiv.)
Marion Reserve Power Co., $5 pfd. (quar.)
Marsh (M.) & Sons, Ltd. (quar.)_—
Martirt /tGlenh L.) !Co.4quar.)ii4A,-.ii^t;
3-22
3-16 >
(increased)
(quar.)_
Canada,
Precision
General
4_
I
3-13
4-1
12
d.
Mill
Little Miami RR. Co.^*-
15c
Class A common--—
3-1
2-28
65c
„—___
"
Clorox
4-
'
—
Glen, Alden
$1.25
>
3-15
15C
37%C
.
3-15
i
Corp., $1 preferred (quar.i
$1 conv. 2nd preferred
(quar.)—
General
Phoenix Corp..; common———— ^
3- 4
30e
(quar.)
54
preferred (quar.)—Cleveland Hobbing Machine Co.
Clinchfield
1
15c
of
Power
3-20
45c
'
Clark .Controller Co—i— u—i—
Cleveland Graphite Bronze, common
1
4
7
2-28
4-
5a
Paint
?
'
3-11
3-11 /
Angeles)
Corp.. (quar.)
preferred
1
—
/;■
3-15
1
4-
3-30
T
2-28
50c
Mills,
4-
„_
s
1
__w_■
,3-30.
50c
35c
Chicago Flexible Shaft Co. (quar.)—
15c
Chicago Mail Order Co. (quar.)
Chicago South Shore & South Bend RR.—"
30c
'Quarterly
35c
Cincinnati Street Railway Co. (quar.)——■:
15c
City Auto Stamping Co. (quar.)——___—
$1.37%
City Investing Co., 5 % 4 preferred <quar.)_
:
3-
,
'
(quar.)_
5
10c
•
37V2c
Y.
N.
(Los
Brewing
Luxe
De
'
>
,
3-15
100% 4
General
3-15
;
3-15
1
3-11
37V2c
General
3-20
______
2-28
3-
:.77.;
'
2-28
:
1 /
■
*3-15
10c
3-15
3-15
3-11
50c
(quar.)
(Robert) Co., 6% preferred
Garfinckel (Julius) & Co., com.
4
V
3-30,
'30C/
7 2-12
40c
Central.£<$(1 Storage (quar.)
t3c
,Central;^Rajtricia Gold Mines. Ltd. (quar.)—
15c
Central *;Paper
Co., lnc.—!_—__
; Certainteed,Products, 4% 4 prior pfd. (quar.)
$1.12%
'
$1.50
•;V ' '64 prior pref. (quar.)
——i—
(quar.).—
Chemical Bank & Trust Co. (N. Y.i
8
4-
15C
4.'
2
3-
9 "
3-
3-15
2c
(quar.)—i!74747_4__.
(quar.)
B-4
3-
25c
•
4-
•
Gair
3-23
•
1
50c
1
4-1
—
4-
12 V2C
Gemmer
15c
——
3-11
3-11
$1.25
class A
:
3-11
20c
Klng-Seeley Corp., common (quar.) i__——:
25C
5%
conv.
preferred (quar.) __„_^_4_i___',
$1.50
Kinney Mfg. Co., $6 non-cum. pfd. )quar,;)
Kirkland Lake Gold Mining (s-a)——4—.
7: .$2C
Kleinert
:25c.
(I. B.)
Rubber Co.40c
Koppers Co., Inc.,
common
(quar.)
4%%
preferred (quar.)
i4-;_i4_'—4^-4 0:1 $1.18%
La Piant-Choate Manufacturing Co., Inc.—
20c
Quarterly '
-'•'•4
25c
Laclede-Christy Clay Products Co
'
31c
Leland Electric, 5% conv. preferred (quar,,)
:::: $1.75
Liggett 8f Myers Tobacco, 7% pfd. (quar.)
3-15
25c
Container Corp., common (quar.)_
preferred (quar,)——4
—4——-—*
Mfg. $3 partic. pfd. A—quar.)
3-
1
13 %c
3-30
?38c
04*
12V2c
5V2%
$2
Co.
2-25
4-
___
Gaylord
& Telegraph Co. (quar.)
Charleston-Transit
3-15
(quar.)——
of
Co.,
Co.
-(Peter)
Fundamental
3-15
America (quar.)
3-30
,7; 3- 7
$1.75
Corp,
Corp.!—
Wheeler
Gatineau
3-30
of
3-15
Series
$1.50
Ltd./ (quar.)—
Frink: ^Corp./' common—.
; 5%
preferred (annual)
Fuller (George A.)
4 %: conv; pfd. (quar,)—" ';
1
$1.25
Catalin Corp.
1
S-l
Kilburn
.
3-30
■Fraseiv 'Co.;
3-9
25c
4
,
—
i
Gas
Stores
Kleiser
„
telephone
4-
50c
,
&
Power
Extra
4
General Electric Co. (quar.)_—i$2
Canadian Wirebound Boxes-—
-4,
."->■
Carolina
3-15
(increased)
Co.
Fox De Luxe Brewing Co. of
<
4-1
4-
i25c !
Class B(quaf,)4—.!!_™iii.—
46%%! preferred Hquar.).i^.iw-—■—-s---.v-it$Ii62%c
,
3-2
25c
Trust Co.
Avenue
Extra
—
Fox
J-ni
Capital City Products (quar. 1
4 Capital Wire Cloth & Manufacturing Co., Ltd.6
$1.50 convertible preferred,-—
Carey (Philip) Manufacturing Co.—
,; c. Common (quar.)"
75% ; pre(er)rqd-;;(quar.)-^^n-U-3»i-«-.-.-t..
Fox
9«
425 c
v
conv.
Series
$1.50
Extra
3-11
1
3-16
5c
$75c
Canadian
4
1">
$5c
_™__.__
$1.50
1
(quar.)
CapwelJ
Foundation
7
3-23
Ltd
1
1
•
(quar.)
Keystone Custodian Funds<—
1
4-1
i Foote-Burti1 Co./.—
3-25
$1.50
Canada Wire & Cable Co., Ltd., CI. A (quar.)
r
3-25
20
Se Hecla Cons. Copper—
Packers, Ltd;, Class A (s-a)
Class
•
Water
Foster
(quar.)___—
4-
25c
-
preferred B (quar.)—
Metallurgical
(stock
dividend)-.
Foster &
C. I. T. Financial Corp, (quar.).
4-1
$1.75
Ferro' Enamel:', Cprp.
3-25
$2.50
preferred (s-a)—
>•# $7 2nd preferred (s-a)———
3-31
75c
common_i___—
Fear -(Fred)"
Fifth
held___—______
Byrndun Corp.
B
Fiduciary
partic.
4r
4-
471
:7.7450c-'
Company 4_;44-___44-/;__-4____.
Kekaha Sugar Co.
;4__—__-_-^44^_4_:
Kelsey-Hayes Wheel— '
3-31
1
"4 4-
75c
$5 preferred
3-U
$1.50
Kawneer
'
7
4-15
7
$1
7
5
4-15
75C
St Co. (quar.)
/Federal ^ Motor Truck 4 Co.iv——di———
Federal
Screw Works
(quar.)______
pfd. Class A (stock dividend).
share
of
Hat
Corp.
of America
One
"
Class
Federal
(s-a).„___
5-
t$1.25
4$1.25
(quar.)—_«i__-—
Sulphur Co.
(quar.)v____
Texas
$1:50
3-11
$1.50
held—______
Corp.
6-30
Fansteel
■
9
partic.
preferred"*Class A
1
sty 1 preferred «fquai;)——d—--4
2-20
3-15
stock for each
common
8-
,
Byrndun
;
Co.,
(quar,)—
Family Finance Corp., common
$1.50 preferred A (quar.)
4
3-
3-15
3-28
6% pfd. (quar. )_______
Corp., common and Class A (stock
4b dividend). One share of Hat Corp. of
4
Exoloii. Company
!
75c
Bush terminal Co..
t20c
Eureka-Williams'' Corp. -r?
1
Ewa
Plantation
Co.—_———i—
1
37 %c
Co,, Inc. (quar.)
Burd Piston Ring Co. (quar.)
Burlington Steel Co., Ltd. (quar.)
1
preferred
Emporium
3-15
50c
Bristol Brass Corp.-,(quar.)-__v-™™™-Bulova Watch
5-
•"Ex-Oell-O :>Corpi-:"':
3-15
1
35c
-
7'
,
1
3-
40c
-
4 $20c
—
prior
preferred-—i-i---------/--,
;• 6 % ■ preferred
7,77 75c 7?
(accum.)
■
44 $1
Eddy Paper Corp. (increased)——™—
25c
Electric Boat.^Co.
^
—
'
3-30
m.50
i
"
3-
3-30
$7r -preferred (accum.) —
Electronic Corp. of Amer.—
.
,
*
55c
conv.
preferred '(initial
quar.)
Emerson Drug,
class A (quar.)—
7
•_•
3-15
3-15
2-28
1
$1.75
Joseph & Felss' Co.__w_—
4-—J_4
Manuiacturing Co. (quar.i
Kansas-Nebraska Natural Gas, common™,
& Lamson Machine
1
4-
$1.37%
Justrite
3-11
/Electric Ferries, 6% prior preferred (quar.)
Electric Power & Light, $6 pfd.
(accum.)__
,v
3-20
/;
3-29
8
3-23 4
4-
50c
Bridgeport Ga.s Light (quar;)__4_—
Briggs & Stratton* Corp.—-
:•
1- '7
14 :7
$175
$1.12%
(Sidney), 74 preferred (quar.)
Co., 4%%
pfd. (quar.)_____
Brager-Eisenberg Co. (quar.-)_____i
Brazilian Traction Light Ac Power Co., Ltd.*-*-
4
3-29
/
$1.12%
$1.12!/a
n
Blumenthal
•
3*15
4-
*
Bobbs-Merrtll
/
;
7
3-15
4-15
22 %c
Bloomlngdale Bros.; Inc. (quar.)__—___—
Payable on stock not called for redemption.
4
3-
4-15 4
(quar.)_—:——
Corp.
'
Jones
3-
3 4
____
4-
15c
(ouar..>_——_—'
4
3
3-1
1
3-15
37 %C
■
"
(quar.) _>—4_r™T:_444->.4.
(quar.)
___.
4-
>
25c
preferred
preferred
4-
7
143C7
Sugar Loaf Coal Co.__—
Eastern Gas & Fuel Associates—
3-15
m
;f: 4-
' !4
40c'
■
7'"
East
3-15
75C 4-
.-
7
•■7:4'25C;-,:
;
(quar.)___
Malting
Power
Duval
5
'
75c '
____
Di-aper
"
-50c'
1
2-23
1
4-
tSOc": 7:4-
'
6% preferred (quar.)—
Black & Decker Mfg. Co. (quar.)—
:0
t50c
i^™__4-
,
11
4-:T;
$1.37%
Bell Telephone of Canada (quar.
Bessemer Limestone & Cement (quar.)™—
•
1
4-1-4 4
• ■e-
-
1
3-
•
Beech Creek RR. Co.: (quar.)
7
3-15
4-
■
"
74 4- 3 74! 3-
.7 6 '/>
:4; T/o
6
,
4-
.
25C
_
of Reo.
1
'
■
(increased)-^--—t-i.------.---— /
4-
$3
>
2-20
3-15
.
$5.50 preferred (quar.)______
Beatty Bros., Ltd., Clasr A (inter^m)_™.._
1
3-13
2-28
50c
—
3-1
$1.12%
Light, 4%% preferred (quar.)_
30c
Fire Alarm (quar.j _a-4_! _44_.;_!
Manufacturing Co (quar.)—
!___,.7:4,10c
.: 7? $1.25
Balfour Building, Inc., vtc. (quar.)—
$1.25
Bangor & Aroostook RR.. $5 pfd. (quar.)
Barber Asphalt Corp. (quar.)
25C
Bassett Furniture Industries (irreg.)i-—^
25c
'40C
Bastian-Blessing Co., common (quar.);.-
B
3-20
/'■ 3-
(quar.)
Co. (irreg.)
Ltd., 5% pfd.
2-28
50c
•77'
o._^.
Co., common
(quar.)
Common
(quar.)
_i—
5'k
preferred
(quar.)
———4.-—
Dow
Chemical Co.; common
(quar.)
$4 preferred A (quar.)
3-25
12 VaC
4-20
(participating)
Corp.
Mfg.
Dairies,
Dominion
Dominion
1
(initial)
preferred
Doernbecher
•
3-20
'•25c4 •/ 3-15
___
Doehler-Jarvis
5®
r
3-15
4-
$1.75
Irving Trvfst Co. (N. Y.) (quar.)
jersey central Power & Lig*it—
5 Va 'M
preferred (quar.)_^___—__—___—.
Holdera
'
73-15
$1
$1.50
^
9
2-28®
3-15
'
4 3-11
25c
'
4 3-
3-15
47-'
Phila. (quar.)__:«.
Cbfp.. of
preferred
Irving Air Chute Cq^ (increased)™-—™
lrvmg uohnj ttnoe, 6V preierred (quar.).
5
3-
25c
When
Payable
7'/«
3-9
•
$1.06%-7
$1.06Vt
(initial)___________-i__
participating
$3
9
3-20
3-29
Atlanta Gas
,4/ Class
3-
$2
Corp.—
Class .B
3-
1
'■'& 25c
—
7
preferred (quar.)
Di Giorgio Fruit, class A
12-21'
50c
(quar.)
Chemical
Almy
B
;
$4,26
;
3-20
1
3-
4
Axelson
4
3-11
•
Investment
3- 5
1
25c
77
44-
.
Iowi^Power & Light Co., 6% preferred-
3-15
<
10c
Name of Company
.
2-20
3r25
20c
-
v:7 ;'-4:
3-11
;
3-1-
25c
4
Oil Co.
&
Class
7
(increased)^—
B
Dewey
3-15
■;
4-
$1.75
$1.50
Automatic
\
3-15
1
B 3-30
87 %c
(quar.)_____—_
Devonian
:'4:\~?/.\4'V4-'',:7.7
•
(quar.)
Apex Elec. Manufacturing Co., com. (quar.)
.' 7%
prior preferred (quar.)™!™™—
Apex Smelting
3-22
3-30
$2.50
; American Tissue Mills, 7% pid. (quar.)——
American Tobacco Co., G% pid. (quar.)„__
American Woolen Co., 7#
pfd. (accum.
Anaconda Copper Mining €0. (quar.)______
Arnold
Class
■4 4-
477' $1
(accum.)
::
4-15
50c
•
9
50c
Per
Share
H older»
l ot Reo.
3-30
$1.25
\
(irreg.)__
Detroit & Cleveland Navigationw___i__;L__-_«
Detroit Steel Corp. '(quar.)--/^//-—
Devoe & Raynolds, Class A
(increased)
3-15
$1'
7
Dempster Mill Maniuacturir.g Co.
4-15
-,50c
.
•3-
'When
Payable
7';
Delaware Power & Light Co., 4% pfd. (quar.)
9
3-11
■
3-20:
4
$1.12%
Ship
American Thermos
ti 4- 1
1
'
Building Co.„._—
American Superpower, $6 1st pid.
-
Per
3-11
$1.25
American Rolling Mill Co., 4 V2 % pid. (quar.)
American
4-
25c
,,
preferred (quar.)____—
non-cum.
3-30
$1.25
Inc._™4_r_!!
pid. (accum.)-!
3-
Share
Nameof Company
,
.
$1.50
American Machine & Metals,
5Vo
Share 4;
Name o^Company
'
t
1197
THE COMMERCIAL & FINANCIAL CHRONICLE
iVolume 163%'Niimber 4469
.
/'
7
n___4______ 747 m
7 50c '
(increased)'-!;-!-
3-15
3-5
3-23
3-8
3-23
3-8
'
50c
1198
THE COMMERCIAL & FINANCIAL CHRONICLE
Monday, March 4, 1946
^
When
Per
('
Share
Finance,
5%
4%%
preferred
4-
preferred
Common
Old
Water
Line
Steel
—
;
-
Co.
preferred
(Minn.),
' \
dividend
Ox Fibre Brush
Co., Inc.
Paauhau
Plantation
Sugar
Aggregates, Inc.
Pacific Coast
Indemnity
Extra
>
—
Paraffine
5%
Co., Ltd. (s-a)—(quar,)——
Co.
;
(quar.i—
Patchogue-Plymouth
3-15
U.
3-15
:3-12
4-
3-
;
1
3-15
1
1
4-
1
1
—
3-15
50c
4-
1
3- 8
/
$2c
3-30
2-28
20s
3-12
3-1
Wabash
Railroad
3-8 •:
4 y2 %
Wagner
1
1
4-15
5-
1
4-15
Electric Corp.
(quar.)
Waldorf System, Inc. (quar.)——
Welch Grape Juice, conv. 2nd pfd.
30c
3-30
3-15
3-12
2-25
3-12
2-28
4-
1
2
3-11
3-15
3-
12%C
3-30
3-11
62 %C
3-25
3-20
White
62 %c
,
;
3-25
3-20
Whitin
3-15
Wieboldt
56 %c
Price
common
Wheeling Steel
8
1st preferred
7%
■
5-
1
4-
1
3-
4-1
3-20
50c
3-25
3-15"
.! $1.75
3-15
3-
4-
(quar.)——,—
3-15
$1.75
,
50c
Quaker Oats Co., common
-44, *
preferred : (quar.
'
Raytheon Manufacturing Co.—
preferred
(quar.)
5-31
Rochester Button Co.
Russeks
Co.
52 Vic
50c
Public
Service, class
"CClass UBI (quar.)——
St. Regis Paper Co.,
n
•
$2.50 'prior
37 %c
A
(quar.)
pfd.
(quar.)
5 %
(quar.)
25c
preferred
class
$2.50
Selby
A
preferred
Co.
(quar.)
3-15
i
i
,v
414 %
Gas
preferred
7
3-14
2-26
3-15
3-
4-1
Studebaker Corp.
Class
$5
3-2
Air
5%
preferred
3-15
3-1
2-14
V
3-30
2-14
Allied
Laboratories,
4-
3-16
Allied
Products Corp.
common.
-
preferred
3-
$3.75
Time,
A
$1.75
preferred
Co.—
(quar.).,
3-1
Axle
Co.
Toronto
Class
General
Iron
A
Trailmobile
$2.25 preferred
common
4-
1
3-15
5
3-20
5614c
4-
1
3-16
3-15
3-
3-29
5
11
3-10
12 %C
4-
1
4-11
3-16
$25c
4-
$10c
3-15
3-30
3- 9
25c
3-15
2-25
$1.50
1
2-15
4-
1
37 %C
v
15c
1
I
3-15
4-
1
3-15
;.
3-
1 V
3*15
3-1
4-1
3-
1
3-15
3-
1
British
3-31
3-23
Brooke
4-1
3-15
3-
8
2-28
$1.50
4-
1
$1.75
i*——,
.;
4-
3-
31-88
4-
3-11.
12%c
•
.
mm
3-25
.
3-^1
>
IE.
&
7%
35c
Bunker
3-15
4-
50c
: 4-
Hill
&
Iron
1
3- 9
3-20
3- «
4-1
3- 9
$1.50
3-30
3-30
-4-19
6-20
5-20
t20C
62 %C
<
;
4-19
3-11
■"■ ''
$ 2-25
>
J
'
4-1
?
2-15
•
Ltd
■
.
.
,
2-26
"■
H-
''^'lOd
2-26
^*,'5';
1
/
2-26
2-26 -V
c
8%
1-23
3- 8!
$$1
3-15
2-28
lOe
3-15
2-28
$1.02
4-30
120c
3-15
:25C
V.
2-15
4-
>
:-3 *l'rl
1
2-21
3-15
20O
'
4-19
:
3-15
•
$1.25
15C
4-
1
4-
1
3-8
3-11
2-28
3-30
>
3* 8
$1.75
3-6
-
.
(quar.)—
12 %C
-4--*
Mining &
600
•
Concen-
3-
$4'
pfd;
Extra
12 %c
3-
1-29
3t 4 ;.'
121/2c
—
Burroughs Adding Machine Co
Bush Terminal Bldgs., 7'/o pfd.
3-14*
,4-8
9
2-15
)
1-29
4
2-20
1
3-11
1
3-
4-1
2-15 ^
3-15
3-1'
93c
3- 5
$5c
4-16
3-
35c
2-20
California Pacific Utilities,
(quar.)___
15C
4-
1
3-21 "r.
$1
3-15
3-1
(quar.)—.
—
California Elec. Power Co., commob (qua*.)
15C
$1.25
3-15
3-
—--—-—^.-4—^4^4—444-4
50o
$1.50
3-30
3-15
Co
2
A
(opt.
stock
or
div.
series)
Extra
preferred
cash—
56Vic
6%
pfd.
(quar.)
preferred
preferred
4- 1
4-
1
$1.50
(quar.)—
4-
1 i)
Electric, common
preferred
(quar.)—..
3- 9 j
2-22
3-20
3-
3-4
Canada Cycle &
Motor Co., Ltd.—
■5 rw 1st: preferred (quar.)
Canada Foundries & Forging, Ltd.—
$$1.25
3-30
3-15
$37 Vie
3-15
3-1
$500
3-15
2-15
$150
: 4-25
$$1.75
$$2
4-15
3-20
-
1
3-15
>
$25c
4-1
2-28
American Hawaiian SS. Co
American Hide & Leather—
convertible
preferred
3-15
12-31-
3-15
2-28
2-20
Machinery
—
4.
Co-
m
i
t
10c
Paper
(bi-monthly)
Goods, 7% pfd.
American
Public
Service
Radiator
pfd.
Standard
4-
■>
,
"
2-28
f
3-15
2-21
3-12
3-
35c
;
Canadian
3- l"!
3-11
> 3-11
50c
?
v
2
(quar.)_
$1.75;
3-15
3-
(accum.)
$4.75
10c
3-20
2-28
3-30
3-15
4-19
3-15
Sanitary.. 'M
—
American Seal-Kap Corp. of Del
American Service Co., $3 pfd. participating
Stamping Co. (irreg.)
s s
64c
12%c
/
-t
.
;;
3-30
t
t.
"'6-
7- 1
;
5
(irreg.)
,
3-16
P.'i%
3-30
50c
Carpenter Steel (interim)
Corp., 4%% preferred...——.——
(Wm.i Co. (annual)—
...
6
fo
TJo
Mills, common..
preferred A (quar.).
preferred B (quar.)
(J.
I.)
Co.,
preferred
Central
,:
750
Bag
Central
Coal &
&
3-
1
3-
3-8
4
'v-1
'
$4
50c
3-5
4-
3-15
:
jJk
——
——
4-
.3-15
60C
4-
;;; 3-15
40c
1
Burlap Co
Corp., 4Jo
Coke
1
2-25)
3-14
•■
———.—
common
(quar.)
1
;3-
1
Co.—
Carter
Case
1
3-20'
3-
$30c
Carrier
6%
>
4-
;-v: $45c
—
Carthage
2-15
15c
Pacific Railway
Ordinary
(increased)
(quar.)
2-21
25c
preferred
6%
$$l.
.
Canadian Cottons; Ltd., common
3-1
1
1'
CelanesW-Ltd^-
,
3-1
20c
%
$£;
Co.
4- i
1
3-10
'
Ltd.
Mortgfge\(quar.)
Canadian
2
R,
Common
(quar.L^W
7'Jo preferred lqrtfar.)\_
Permanent
4-
.
Breweries, Ltd.
5
50c
—
Mill
Insur.
A-.. (quar.>*44—/-^
******4—«
Malting Co., Ltti. (quar.)
;
Canadian
3-2
3-14
1
Canada
8
3-14
25c
(quar.)
& Foundry
Co., Inc.—
Rolling
3-
1
Life
Funding rights (year end)
(quar.).
j
7%
;Class
States
Canada Northern Power Corp.,
2-18
75c
•
(Newark, N. J.) (s-a)__
&
.
2-18
s
75c
-.
Machine
News
3-14
2*28
.
...—
Laundry
;•
3-4;
3-15
4-
':v3* r'l ;-,:
3-20
1
3-11
$1.18%
2-15*
3-15
4- 2
9
3-11
40c
2-28
3-1
,
3-
$1.50
(quar.)_
3-15
i-.;-: 2-26
Canada
—
25C
3-15
California-Western
,
(accum.).J—;
&
-
3-15
30c
.
Co,, Jnc.-—
2-2R
3-12
3,
25c
12%e
(quar.)__
common
v
3- 8
3-15
3-1
3-15
3-15
3- '5
3-20
45c
(increased)
com.
3-15
50c
3-
1
25c
(quar.)
Crystal Sugar,
Factors, Ltd.
4-
68%C
.
3**9
50C
£0e
25c
Campbell Wyant & Cannon Foundry
25c
Canada Bread Co., Ltd., 4pfd. (quar.) $$1.12%
5% class B (quar,)
■
$62%c
Canada Cement, Ltd., 6% % pfd. (accum.).. $$1,62%
Canada Crushed Stone, Ltd. (quar.)—......
$10c
share
^
:
Mills (quar.)
(quar.)
preferred
5%
3-15
4
$1.75
4
Arch
4-
2- 1>
■
3-6
75C
___
Butler Water
4-
10c i
—
(accum.)
(increased)—
Bush Terminal Co.
3-11
25C
—
4
3-
American
♦
"
,s
$500:
Co.
Sullivan
>
3-19
2-28
4-
$1.25
25C
American
1
'
Cotton
Gas
3-18
4-
$2
Ink Co.
M i
3-1
4- 1
3-30
40c
trating Co.^—.......—.,
3-9
3-12
■'
(increased)-.
Packers
preferred
'■
3-12
$3.50
(Vancouver)—
Buffalo Bplt (quar.
Bullard Company
1-29
4- 1
.7(final),.,—-**—4[)t
O.)
.
'
50c
v-.
2
9-
3-
——
Columbia
•
3-20
3-30
$1.75
'A----44-——4-4-^44:
Bank Note Co.,
bearer
3-20
3-30
$1.50
Co., Inc. $3.60 pfd. (initial).^
Brack " Silk .Mills, Lt d.
Brunswick-Balke-Collender Co., com. (quar.)
$5 preferred (quar.-)i.
.~—4±
Buckeye Pipe Line Co—
ULJH UO-JUA >v
Bucyrus-Erie Co., common
W.r
2-28
3-30
37 %c
Brown Shoe
4-1
3-1
2-11
37 %C
'
4* 1
.
3-15
3-11
35c
registered (interim)
Ordinary registered (final)—.—.——W
registered
5% preferred bearer (s-a)——-™
British Celanese, Ltd.-*American deposit receipts (final)—..
;
;
5c
25c
V
Quarterly.' —-———*4—
TODacco Co., uvu.—
Tobacco v/u., Ltd
Ordinary
Ordinary
3- i
3*15
15c
'
————
American
;
J2-ll; ''
2-21
4-
common.
Distillers
&
4
1
4-
iiliU
Bearing Co
& Sons (quar.)—:
J.)
3-
$1.50
;rican
British-American
3-15
.
3-15
.,
British
a
3-
1
41.75
-
.
■
2-15
60C
Eytra. 4--—
Brewing Corp. of America (quar.) 44
Bristol-Myers Corp.3%% participating preferred (quar.).,—
.
2-15
4-
—
4-15
(quar.)^
Annual 44--,—
20c
American
4-
$17%C
v
California
American
12%c
Brewers
of Reo.
'
American
4-
(E.
2-28
2-28
California
American Meter
$$1.12%
Inc.r
1
■
$1.75
pfd.
•
2-28
1,3* 5-'*"
4-1 s
conv.
Brandon Corp.,' class
;
faydble
40C
American
(annual)-—
Stores,
V2 7c
3-28
,
1
4-
;
•
;
3-15
1
4-
$$i
preferred (quar.) ———*
Borg-Warner Corp.
Boston & Albany RR.
—
Boston Elevated Ry.
(quar.)—
4
Boldert
Wnen
31 ViC
(quar.)
2-28
0
$$1,75;
2-21
$6
■;
(initial)
——
Bond
;
2-20
common—-—
Cement
Extra.
;
9
2-20
American
Tropic Aire. Inc., 6% conv. pfd. (quar.)—22%C
Tuckett Tobacco, Ltd., 7%
pfd. (quar.)—$$1.75
3-
4-
$1
2- 8 ;
American
(quar.)—
3-20
(quar.)
—
2-19
1
Co.
3-15»
6%
——i.__
3-16
2-12
3-
Packing
5
4%%
——
4
————-
Birmingham Water Works Co.—
<6% - preferred (quar--4
Blackhawk Brewing Co
Blaw-Knox
Co.
»—————:
.4*4
Bliss & Laughlin, Inc., common___
8% convertible preferred (quar.)—
Bloch Tobacco Co., 6% preferred (quar.)—
Blummenthal (Sidney) & Co., 7% preferred
Bohack (H.
1st pfd. (accum.)——
3-16
3-1
12 %c
American & Foreign Power
„
3-15
$i
(quar.)
Birmingham Electric, $6
$7 preferred (quar.)„
4
3-12
3-11
(initial)
Co.,'
>
3-28
of
American Insurance
Traders Finance Corp.; Ltd.—
4»/2% preferred (initial)—
3-15
3-15
3-11
(quar.)
common
3-
40c
$25c
——,
Insurance Co.
Works,
3-1
3-28
'::
$$1.12 y2
Tip Top Tailors, Ltd. (quar.)
Todd Shipyards Corp
Tooke Brothers. Ltd. (interim)
Toronto
3-21
3-15
$7
(accum.)
—
$1.75
American Fork & Hoe, common...—. 25c
Inc.
Timken-Detroit
.
3-25
3*30
;
Corp.
3-
American
3-15
10c
3-1
3-15
American
8
—
(quar.)——
Oil
1
$$1.25
(quar.)
Cyanamid Co.,
5% preferred (quar.)
8
3-
3-15
^
2-28
10c
.
Ties
9
2-15
—-
3-21
3-11
$25C
Mining Co. (resumed),
American
3- 6
$20c
$62'/2c
Associated
4-
Bruramel
•
^
3-11
3-15
Co.,-7% preferred (quar.)
-5Vtfe convertible prior preferred—
Calgary & Edmonton Corp., Ltd. (s-a)
4V2%
3-16
62y2c
3-21
■;v;r4-::i:"
Share
American Colortype Co., com. (increased)^
3-14
$1.25
—
(quar.)
4-1
Conipames
(quar.)
of class B
3-14
3-11
3-
•
Co.
$2.75 'Class
3-15
4-
4-
■
3- 9
—
Works
Iron
I
20O
—
American Cities Power & Light Corp.—
■■.■3-:l"-
75c
75c
(quar.)
2-23
10c
—
3-
2-18
$12%C
$12%c
r''
—
Cigarette & Cigar, common (quar.)
6 % preferred (quar^)444--*.4—*44-*-
:
3- 4
30c
-
8
1
75c
American
3-14
■
-45C
1
4-
$1.75
Beldlng-Corticelli, Ltd., common (quar.)—
preferred" (quar.)——.—1--—-4*--*—Belgium Glove & Hosiery, Ltd.—
Common (initial)
—
preferred (quar.)———*————
Belleterre Quebec Mines (interim)—
Bendix Aviation Corp.
Berghoff Brewing Corp.
Bethlehem • Steel Corp.,
common-,7%
preferred
(quar.)—-
3-11
$
American Casualty (Reading Pa.)
American Chicle Co. (quar.)
25c
$1.50
;
■'.-. ffe
3- 8
3-
^
200
—--
3-
1
"4-
American
37 %c
9
3-25
$1.06%
3-15
iWAc
—
4-
25c
45C
—
:
''4-' l
$1.25
4- 1
3-1
4-
2-28
2-26
3-9
3-4
1
3-20
25c
15c
(quar.)
3-15
3-15
I
8-11
3-
3-
1
3-20
4-1
3-20
1
4-
;
75c
Beech-Nut
4-
4-
25c
'•''■25C>
—
3-20
3-15
•
2-21
1
1
$1.25
3-15
4-
3-
(q$ar.)
37'/2C
3-15
3- 4*
3-20
2-13
3-15
3-15
1
3-18 ;
3-13
50c
-
„
3-11
$1
20c
3-25
■4-
2-11
3-30
Beau
30c
Manufacturing Co., 4%
Portland
Aluminum
3-12
4
Bath
—
Inc.,—
1
Bayuk Cigars, Inc.. (increased)—.
50C..
25c
.
3-15
3-15,
3-15
$1
$25c
Basic Refractories
44 ml,-
3-
Jl.OG1/*
* 10c
4------4l44*
Co.
3-15
4
4-
$1.50
25c
.
'
—.
(^uar.)-
3-15
$1.0614
(quar.)
Water
Alpha
3-30 •■.■;; 3-15
3-15
2%C
Extra'.—
Common
3-20
3-20
3-30
15c
1
iay2c
—^—44
Thrifty Drug Stores, common—..———.* I.'
K
4-15
4-15
15C
25c
—4.
Power, $6 preferred
preferred (quar.).
$%. preferred (quar.)
3-29
1
;—
4-
-
$7
Alaska Juneau Gold
3-15
4- 1
(quar.)
3-
$50C
pfd.
Telluride Power Co., 7%
preferred
Texas Southeastern Gas Co.-
4%%
Inc.
3- 5
8
99V4C
4-1
50C
America, Common (quar.)
preferred (quar.) —r—$1.50
Aluminum Goods Manufacturing (quar.)—
20c
Aluminum Industries, Inc. (quar.)
15c
Aluminum, Ltd., common———
$$2
444
—
Tide
Associates.
3- 8
37y2c
Taggart Corp., $2.50 preferred
(qtiar.) ——4.
Tamblyn (G.) Ltd., common (quar.)
Preferred
•
4- 1
34 %C
-J—-—
■
3-15
(quar.)—
(quar.L——
2-15
oil
•
''■'. 2-15
,4-1
^ 44*'
Barnsdall
4 ■3-ii
25c
(quar.)
Alabama
(s-a)—__———Jr,——■■
Bridge,
A
3-15
2-28
;
£Xtra
/
3-15
3-30
' '•20e:; ;
/
——
3-20
$1.13
3": 4
■
1
6-22
$1.50
;
''■
—
Roller Bearing,
&
Allis-Chalmers
Ltd.
Tacony-Palmyra
,
3-11
81.25
.'■
5
$1.25
(increased)
2-28
20c
25c
preferred (quar,)^r——
62 %C r:
-Aetna Casualty & Surety ■' Co.————*
Aetna Life Insurance Co. (quar.)
300
—.—,T
Aetna Standard Engineering Co.—
25c
■7; Common (quar.)
444^.44444.
,
y/c preferred (quar.)—
$1.25
Agnew-Surpass Shoe Stores, Ltd.—
7%
preferred ( quar.)——
:
i tn.w
Agricultural Insurance (Watertown, N. Y.)—
"75c
Quarterly —
4~*~'
4-1
——
8
3-30
3-20
4-
3-
7-
:
1
Co.
Inc.
6-22
3-15
3-8
Bangor Hydro-Electric Co.—
8%
preferred
(quar.)
7 % preferred (quar.) —
——.
Bankers Trust Co.
(N. Y.) (increased) eem'
Barber-Ellis Co. of Canada (quar.)--—
5
3-30"
4-19
convertible
40c
(quar.)
/_
(irreg. s-a)—J.
44 Superior Steel Coirp. (quar.)——-i.-—
Sunset Oils,
6
Ball
63c
-_i„__—
Strawbridge & Clothier,
Sunset McKee Co.
3-11
.
5 %
,
$40C
Southwestern Gas & Elec., 5 %
pfd. (quar.)
Springfield Fire & Marine Insur. Co.
(quar.)
Stedman Bros., Ltd.
(quar.)
Extra
Aetna
3-11
,2-20
75C
(quar.)
Co., common
(Initial, quar.)
B/G Foods,
,3-15
7- 5
4-
(quar.)—
pfd.
/ :
l
4- 1
10c
—
,5C
Southern Pacific Co.
Union
6
25c
Southern California Edison—
5%
original preferred
(quar.)
5V2V0 preferred series C (quar.)
(initial)
•y
4-19
50c
——
——
4
:4preferred
Southern
3-
3-
—
■
1
3- 1
Common
i..
3-
3-
——
3-
3-20
?:
25c.
Acadia Atlantic Sugar Refineries, Ltd.—
Common (quar.) -.-———"—-.
5%
preferred (quar.)———
Acme Steel Co.
(quar.)
Adam Hat Stores, Inc., common;
Preferred' (quar.),
Aero Supply Mfg. Co., class A (quar.)—
3-1
4--1:
3-15
5
3-5
$2.25
—--i.
Line RR.—
Powder
3-20
2-21
3-20
3-15
Automobile Insurance Co. (Hartford)
3-1
.3-15
$4.50
name of Company
2-23
Ma4: 1
:
3-
Atlas
1
3- 5
•
25C
——
6%
*
3-15
750
—
(quar.)
common
3-15
8-11
$L25
:■•' Fer
3- 6
Paper Co., Inc.-—
(quar^)-;
1
——$1.12%
(quar.) ■—
25c
Southern & Atlantic Telegraph Co., Ltd.
(s-a)
62 %c
.
Inc.,
8
"
Industrial and Miscellaneous
i2y2c
South Penn Oil Co. (quar.)Southern Advance Bag &
;i;
1
3-15
(irreg.)—
3-8
-'
5
4-1
—.
3-
Brach
2-25
3c
(quar.)——
1
1
Bower Roller
9
$1.25
Ltd—
Sloan & Zook Co.
Sonotone Corp.
\
$1.50
.
Breweries,
4-
4-
4-
L
f.^3-''l>.
■
4-15
mm
Refining, 4%%* pfd.
Ccast
3-13
$2
(quar.)
-
3-
/:
Refinihg Co; (quar.)—.
Atlas Corp., common (s-a
6% preferred
4444-*-
5
3-
3-
12 %c
(quar.)
$2.50
&
5*;
■'•■■■
75C
(quar.)
Gas,
.
5* '
3-
.
50c
Atlantic
;
2
3-
>
preferred
conv.
Shoe
Sick's
3-
50C
Seiberling Rubber—-
3-\ 3 ;
Atlantic
M 3- 5
.
3-15
.296
—-
3-15
.
3-11
50c
;
.
7C
—
2-28
62 %C
Scranton Lace Co.---—
Seeman Brothers, Inc.-—-———
5%,
0
4-
25C
—
1
preceding table.
$1.25
Jose Water Works, common
(quar.)
A3A% :preferred Class A (quar.)
i
Schlage Lock Cov (quar.)
Schmidt Brewing* Co.—.
Scranton Electric Co., $6
pfd. (quar.)
12-
3-11
4-15
25c
San
12-10
4-19
3-25
;
10c
'i
$1.75
Common
;V
$1
—
1
t
$1.37%
—
prior preferred (accum.)^
Cork Co., common .(inteBfti.)
conv.
Ashland Oil
Below we give the dividends announced in previous
weeks and not yet paid.
The list does not include divi¬
dends announced this week, these being given in the
50C
—
8-
$6
Armstrong
3-19
3-11
:=
,
25c
;
2nd
3-12
—
—.
8-10
—
3-21
1
3-23
;
$1.75
—
3-15
3-15.
Fifth
Louis
1
4-
7 Vic
Avenue,
Inc.
(extra)---44:h
Safety Car Heating & Lighting Co., Inc.—•
Quarterly
444
Safway Steel Products, Inc. (quar.)
St.
5-
•
i 25C
—44J-.
1
:
3-29
—
(quar.)
444-
Stores.
1
5- 1
4-11
v
25c
25c
Co.
(irreg.)
Riegal Paper Corp. (quar.)
'
River Raisin Paper Co.—
Robertson (H. Hr) Co. (quar.)—.—
1
*
50c
(quar.)
$1.75:
6-
Industries, Inc.Woodley Petroleum Co. (quar.)
10c
Woodward & Lothrop,; common (quar.)—-50c
7% preferred (quar.)—————
$1.75
Woolf Brothers. CI. B partic. pfd. (annual)
$1.20
4%% preferred (quar.)_!
56 Vie
Zonite Products Corp.——-—_— M
15c
3-12
;
4-1
preferred
7
3-1
4-10
Richardson
Ruberoid
3-15
75c
,
$1
1
$1.50
2nd preferred (quar.)
Reliance Electric &
Engineering Co. (quar.)_
New preferred (initial
quar.)
■».
Republic Pictures,
-
—
■Reading Co.,
3- 1
—
Works
Woodall
•
$2.40
Machine
Wilcox Oil Co———
Winn & Lovett Grocery Co
3-1
3-22
.
f6'k
>
.
25C
■
3-
9
(quar.)
common
prior preferred
Co—------
Motor
$4.25 preferred (quar,)
6%> preferred (quar.)
; 4-10,
41'AC
original preferred (quar.)
'Pullman,
$$1.50
Corp.,
convertible
$5
3-12
■'"■;'4*.' I ;''':
t $1.37%
—-
—
(quar.)
(N. Y.)—
(quar.)
7%
:
i
Corp.,
4- 1
45c
—
Pressed Steel Car, 4Vi% pfd. A (initial
quar.)
9
6-10
25c
preferred
i
25c SV':
Armour & Co.,-(111.)—
3-
■;
20C
—
12 ViC
3-15
Arkansas Natural
25C
Oil & Snowdrift Co., Inc. (quar.)—_
Texas Utilities Co., $6 pfd.
(quar.)
Virginia Pulp & Paper
Western Department Stores (init)al quar.)_
Western Exploration Co
'—
Weyerhaeuser Timber Co..
3-11
4-
6%
3-1
$2.50
West
:
3-15
;■;;:
$1
West
$1
1-fe-
3-
Wesson
$1
•
3-15
50c
—
4-1
5-
$1.75
4-
2-16
3-
/
3-13
25c
:
*
4-' 1
4- 2
■
$2.25
(accum.)
$5 preferred (quar.)
Arizona Power Co., $3.75 preferred
Arkansas Fuel Oil Co.-—
9
$1.75
common-—:
90e
__
Bros.,& Co., Ltd., common
5%% preferred (quar.)
,
„
Providence Washington Insurance Co.
Co.,
4-15
'
3-
4- 1
——
preferred
4-
V
3-30
10c
(irreg.)—,-
-preferred7 (s-a) ——,—
Victor Equipment Co., common (quar.)—_
Victor Products Corp., common
$1 conv. preferred
(quar.)
Virginia Electric & Power—
$5 preferred (quar.)
3-15
4-
Co.
5%
3-15
i2%c
Joints
.
3-15
1
Universal
S.
—
3-15
<4-
$1
3- 6
$8.75
3-15
50c
3- 6
3-27
—-
•;
Publication
quar.) J———
U.
37%c
3-6
3-13
Y.)—
(initial
Upressit Metal Cap Corp.—
•V..W'v"
8%
preferred iquar.)
4
li:
Vapor Car Heating Co., Inc., common
7%
preferred
(quar)
:
,7%
preferred
(quar.)—1
AJi—
7%,• preferred;. (quar.)—
7%
preferred
(quar.)-——
Viceroy Manufacturing Co.
(interim)
Vicksburg Shreveport & Pacific Ry Co.—
Common (s-a)
7
—
Public National Bank & Trust Co.
Increased quarterly
(N.
common
3-6
$1.75
(quar.)
Lambert—
Trust Co.
S.
New
2-23
3-
i
3-13
.
V
—
~
'
25c
Amoskeag Co., common (s-a)
$4.50 preferred (s-a)
Ampco Metal, Inc. (year-end)
Anheuser-Busch, Inc.
(quar.)Arizona Edison Co., Inc., common (quar.)^
9
50c
3- 4
fiMm
3-
3-9
.
25c
5
4-
3-20
Extra
3-9
30c
\
■
3-22
4-
3-20
pfd.
*■''!'
2-28
:
-':' ''4- 2 ;!
$1.75
—
-
3-20
'
-
(quar.)—
1
4
$5.50 pfd.
Founders
Co., 7%
Wringer Co
Woolen
3-15
25c
(quar.)_
Telegraph
Type
American
3-20
30C
''4- K
4- 1.
25c
Pittsburgh Metallurgical Co., new (initial)
Pittsburgh Thrift Corp. (quar.)—
1——
Polaroid Corp., 5%
preferred (quar.)—U$2.50 preferred (quar.)
1
&
(qpar.)
common
2-28
20c
3-9
3-20
*
&
American Thermometer,
American
'
3-15
—
Pratt
Extra
:
1
Pittsburgh Brewing Co., $3.50 pfd. (accum.)
Pittsburgh Consol. Coal Co. (initial quar.)Pittsburgh Fort Wayne & Chicago Ry.—
preferred
United Merchants & Mfrs.,
4
Telephone
Of Reo,
3-28
$1.75
—'144^—
9
25c
;v
Fund
3-10
4-
Extra.-
Holdera
Payable
•r':'' -$2.
W: 50c
Stores
American
3-1
3-
6c
:
Fund
United Specialties Co. —a——U. S. Guarantee Co,—————,—
3-
3-11
3-20
8C
Stock
4-15
4-
A
4
When
Share
'
preferred
American
4-15
$1.25
(accum.^
Philadelphia Electric-Power, 8% pfd. (quar.)
Philip Morris it Co., common (quar.)———
.4%
preferred
(quar,)————
3.60 % preferred/(initial quar.)„.—«,
Pierce Governor Co., Inc
7%
3-
3-18
4-15
:
4
3-
15C
5-15
3-11
—
3-
1
19C
Common Stock
3-28
,
—
Class
Union
$1
—
$1.25
2-28
3-15
Mills
1
0—
Preferred
$1
Corp.—1
Pennsylvania Glass Sand Corp., com. (quar.)
57c preferred (quar.)
—444--Pennsylvania Power & Light Co., common—
•:
4%%
preferred (quar.)———:—44
Pennsylvania Sugar Co., 5%, pfd. (quar.)
Perfect >Circle Co. (quar.)———
Perron Gold Mines, Ltd.
(quar.)
Petroleum & Trading Corp.—
>
Fund
Union
1
—
4v.: 4-
23c
6-15
50c
.r.-
Companies, Inc., common (quar.)-
preferred
Union
"Union Bond
3-15
2-28
"50c
—
3-15
Bond
25c
v
1
$2
50c
Terminals
Pacific
4-
:
1
■
Co.
(quar.)——(qusr.):
:
American Sugar Refining Co
American Sumatra Tobacco (quar.)_
47%
3- 8
Fund A
Bond Fund 'B
Union
'
v-
3-15
$1.50
(quar.)
common
(s-a)
3-15
15c
(quar.)
American
8
10c
5c
25c
Co._——i.
Pacific Coast
Pacific RR. Co.,
preferred
3-15
4-
8
3-
Union
3-15
\ 3-30
v
(quar.)
> 50c
—$1.06V5»
444$1.12%
com.
(quar.)
series
(quar.)—
$4.50
3-30
9
10c
.
.-"I
9
3-
$25c
J$1.75
(quar.)___
common
3-
25c
$2
18%c
-3714c
.
1
-
(quar.)
Power
-———
4-
3-30
$1.50
—-
3-
3-29
Union Sugar Co. (quar.)
Trusteed Funds, Inc.—
3-15
1
15c
.
„
Products,
preferred
$4.25
Union
10c
(quar.)
preferred (quar.)
Onomea Sugar Co.—
Tail
3-29
44
3-8
3-29
37y2c
$1.12%
—
47»
(quar.)—
common
6%
Otter
30c
(quar.)——4
common
Ltd.,
7%
3-20
quar..)-
3-29
or.?/50
convertible
3-15
America—
.;
(quar.)-__-
preferred
Ontario
of
——
8 %
4
Co.
'/< 4 *'-4
American Steamship
-
EXtra
43 %c
—
(increased
04}name-of Company
of Re0.
(quar.)-—
American Steel Foundries (quar.)
''
20c
common...^.^.i..—
Oneida,
•
$4
Per
HotAeit
Payable
75c
'
preferred (quai.)—»
;
$4.50 prior preferred (quar.)—
Union Investment" Co. ^
——
i
—4-4.
(quar.)
Co.
Insurance
preferred
Omnibus Corp.,
3-11
2-28
4-
25C
quar.:)
Service
6%
l
4-15
$1.25
$1.50
preferred
Life
Quarterly
Omar, Inc.,
'
(quar.)
/
When
Fer
Share
/
name of Company
;
Twentieth Century-Fox.Film—
Common (increased
quar.X.,
3-11
Co.—
(reduced
prior
------
44- 4*4
Ohio
Match
Co.__
Ohio Seamless Tube
Ohio
.
n
of Lee.
1
'
prior
'"$1.75
(quar.)
H olden
Payable
$1.12%
Name of Company
.
Ohio
4-
$1.75
4-
$1.50
■-
3-12
3-12
30C
preferred-.
3-15
3- 5
$1
3-15
..'2-15
■
Volume 103
■■■&■
if.
,
Number 4469
*''
'V,--
//'/'' Z Wix i
■/
1199
THE COMMERCIAL & FINANCIAL CHRONICLE
: '
When
V.v
•
Holdert
Name ot Company
Share
•
„$6preferre(itaccum.)-r
oJ Reo.
When
Holdert
Payable
ot Ret.
,
Pennsylvania
6%' 'pre ferred: (aeeurm )i
Central & South v West Utilities Co.-—
* ;<//;
;
prior c initial prefevjed ~4accumv)_:.__to_
$1.50
3-15
$5.14
■■■, x'■
.
>-"#7
prior
initial
-3-20
2-20
:
.$•: 4.15%
6%
Public
preferred
pfd.
America
'Extra'
Mfg.
2-20-
3-11
__;_•_
40a
..
5-
•'
-is
25c
3-30.
3-8
M- ■;
73c
4-. 1
75c
3- 4
2-20
$1.25
,14- t
3-20
Chicago Daily News, Inc., 5% pfd. (quar.>__
Chicago Great Western Railway Co.— :;
:
'
preferred
62JAc
(accum.)
Cotton
Christiana
Oil
common
T%\ preferred (quar.)
Chrysler Corporation
Texai Paeifio
Cincinnati >Now Orleans; «Se
5% preferred (quar.)
:■
^preferred
$1.73
______
'
First
3-14
2-25
9-
$1.25
8-15
2
40c
3-15
3- 9
3-31
75c
$1.25
3-15
Clark Equipment Co., oommon (quar.)___—
8%
preferred (quaf.)_._i>w—
Cleveland Electric Illuminating Co., com.-.-..
2-26
50c
.
$4.50
(quar.)__^
Quarries Co. (quar.)..
Clorox Chemical Co. (increased)
-
4-
25c
.
_.
2-28
5%
preferred
Colgate-Palmoiive-Peet Co., $3.50 pfd. (quar.)
t^npreferred
3-25
3-15
3-20
3-8
2-21
40C'
3-
10c
4-4
Columbia Gas & Electric Corp.Columbia Pictures Corp.— $2.75
convertible* preferred
(final )'^.w
•
2-21
8?
3-
9
;
Quarterly
Quarterly-
Gabriel;; COt
.
0-15
9-10
General
12-15
12-10
General
Bakeries
Consolidated
Biscuit Co.
Consolidated
Cigar Corp.
(Canada)
3-15
3-
1
3-15
2-25
4-
|i4- 1
3w 5
3-
$20c
25c
'
;
5
^-400'^
3-15
2-
nm
3-15
3-1
30c
3-29
3-15 v
25C
•
3-15
2-25*
(InterimLy;
$1.62%
common. —
I
93 %c
3-15
3-
3-15
2-21*
50c
—
•.
^
5C
•
4-25
1
-
;(,quar.)
$1.75
Curtis
Publishing Co.—
,?;5iU i
i
(quar.)_—
Bound Brook
RR.
(quar.)
(quar.).——.
7-10
.3.-4"
3- 9
:3K2
2-26
3.-15
3- 2
v.;.'
a-
8
75c
9-
3
20c
3-11
2-28
3-15,
a-1
t $1.25
5- 1
4-1$
/
_—
.
25c
3-26 Z
62 %C
3-11
$20c
3-15
$93c
(quar.).^_.
$$1.25
4-
$$1.75
1
preferredCCquar.)
Co,
(quar.)
4-
4-
/
;
-
3,-
-
93%c
■■
Mkeh preferred, (quar.)
——i—:
DwPont (E. L),deNemours & Co.—
3-12
$1.12%
preferred
•-
Economy
Grocery
Investment.
Bros.
Stores
Stores,
'
4(4%participating
•Electric
Et Paso Electric
El
Paso
Natural
H
Park
Place
1;
1
•,
2-25.
.
3-20
2-25
Co.
5-
1
5-
Power Co.,
Gulf
1
conv.
3-20
3-20
3-20
3-20
;
•/
:
,
-
3-15
2-28
3-15
2-28
3-15. ;,^/-2-28.;,/
,
:
(quar.)_i
,
.
Hammermill Paper Co.,
4%%
2-25
9
2-26
5
s
6%
preferred
4-
1
/
4-
1
.
-;3M-'1
3-12
•
2-28
(initial).—.
25 c V •/
(quar.).....
3-15
$1.06%/ /:■ 4- 1;,;
V--
75c
•■://
75c/;
:
;
4-
1
a-ao
3-
common
8
3-20-
Refractories
:.i
5-
1
4-24
8-
1
7-25
8-1
7-2#
2-28
3-30
■
Common
3-11
Common
3-11
Lane-Wells
3-13
>'
1
Le
$1.25
7-1
6-25
10-; 1
9-25
$50
3-29
;; 3- 7
3-15
(increased)
$2.50 preferred (quar.)—,-.
Lee (H. D.) Co., Inc. (quar
$1.25
4-
1
25c
2-
5
25c
4-
T
4-
1
3-
$1.50
4-
1
3-15
15c
$1
•
.
3-
4
3-15
25c
;;
3-
1
3-15'-
3-
1
3-11:
'
■
25c
3-9,,
3-
1
3-12
9
3- 4
(quar.)
25c
4-6
,,
1
3-15-
3-
3-15
3- 5
3-22
Haverty Furniture Cos., Inc., com. (quar.)__
/ / 25c
(quar.)
4-
25c
2-15
"'3-22
3-15
;1
>■' "3 rA
3-15
25c
3-15
/1
250,
3-15
Hibbard
i5c?;
Co.
(quar.
25c
(G.)
Spencer Bartlett & Co.
Monthly
;
Dauch
Paper Co.,
Cqmmon
Holophane
Holt
$1
$1 class A
(quar.)__
A
50c
,
;
$1 class A (quar.)—
;;
(resumed^—______
3-15
Homestake Mining
Honolulu
Honolulu
3-6
.
3-
3-
3-12
.
'••/••
6-
1
9-
1/-
25c
*12- 1.
25c-
.
;
3-20
v
1
1
5-21
3-25
'
.
3-15 '
3-
1
^
11-21
/
3-15
2-28
.,
3- 9
,2-25
25c.
—__
Co,—
$4.25 preferred (quar,)—
Houston
4250
Corp.
Plantation
/.
Sir. Increased
Maple Leaf
Gardens,
3-15
15c
3-11
3-
1
3-28
3-
2
Light & Power (quar.)___________
Hudson Bay Mining & Smelting Co., Ltd.—
3-
2-20
$1.06%
90c :
$50c
•
9
3-11
2-
8
3- L
31%©;; '/% 4*!l;;i;y;
12%©
3-15
15c
3- 9
37VaC
3-15
5- 1
8- 1
11- 1
3-12
.
3-12
3-12
•4-1.
^
,
3-11
'
2-22
,3-1
3-15
4-25
7-26
10-26
2-28
2-28
2-28
3-22
2-15
3- 1;;
2-1
3- 2
3-15
3-13
3-15
4-1
3-15
+3c
'
3-15
3-1
,,v
3-21
3- t>
4- 4
75© ,^ ^-10
25c : - 3-15
3-1,
.
_
(quar.)
•
—.——
—
—_
•
$$1.25
25©
$1.25
12 %c
20c
Co.—
—
Ltd.
2-28
2-22
•'
—
quarterly
(initial)—
.
3-15
2-28
3- 9
2-23
3^ 9 ;; 2?23
3-15
2-26
3-9
2-25
"
60c
$50c
'
4-1
3-15
r'
3-7
3-1
$1.50^ 2-18
2- 7
$1.06%
3-31
3-15
25c
3-10
2-15
/-,35c
3-9
2-23
McCrory Stores Corp., common (quar,)—' •// 25c
3-29
3-14
Extra
.
" tx»325o;/)>/:;3-29/.v' 3-14
3Va%
conv. preferred
(initial)——
79c
4- 1
3-14
McGraw-Hill Publishing Co. (increased)—
25c
3-12
3- 1
(quar.)————_
-•Marshall Field & Co., 4%% pfd. (quar.)—
Masonite Corp.,
common
(quar.)
/.Master Electric Co. (quar)—_—
———
Marion
.
——
,
Magazine Repeating Razor, common
$5
preferred (quar.)_—
Magma Copper Co
2-20
3-14
3-15
3-11
25c
Mallory (P. R.) & Co.. Inc
> Mapes Consolidated Manufacturing
3-15
2-20
3- 5
<
(Fort
(irreg.)
8-21
Hooker Electrochemical Co.—
250-;;
f /'28e;
Co.
Oil
(quar.)—;*
Insurance
3-15
3- 5
*
•i-i.
3-30
25c
/
'■
1
3-19
,4-16
25c
(quar.)—_
3-
.
i'
2-25
/'
2-25
?-2-28
4-26
50c*;
—
3-15:
'<.3-29
63c
____________
(increased.)
Company
.3-11
.
'
15c
$4 conv.. pfd
—
(Henry) & Co.,
class
75c
(monthly)
—______
35c
40©
25c
—;
Lyon Lumber Co
——
Lyon Metal Products (quar.)
Macassa Mines, Ltd. (quar.)_;
MacKinnon Structural Steel, Ltd.—
5% preferred (quar.)_
J J2FIS
Brewing Co—T__—___4,
Corpw (quar.)
Heywood-Wakefield Co., common (irregular)
Mining
Hewitt Rubber
2-15 a"
5
Common
"3-15*
4«*
:
25c
/
'2-15*/
2-25 /
$1.25
(initial)
common
1
1 >.
2-25
37 %c
$1.50
3-^2
Quarterly
>
30c
Quarterly —
—;
30 c
Quarterly
——
—,30c
Lincoln Service Corp., common (quar.)—.—
25©
7% prior preferred (quar.)-————-87%c
6%. participating preferred (quar.)—
37va©
Lock Joint Pipe, 8% preefrred (quar.)—
4 $2,.,
Lone Star: Gas Co.. (increased),—
—*
.
20©
Louisiana Land & Exploration
(quar.)10c
Louisville & Nashville RR. (quar.)
88c
Ludlow Manufacturing & Sales Co; (quar.)_
$1.50
Lunkenheimer Co.. 6%%
preferred (quar.)
$1.62%
2-20
4-> 1
-
$1.50 ' S: 4-20
(quar.)
3-
4- 1
Lily Tulip, Cup Corp,
Lincoln National Life
4-
25c
$1.2159
(quar.)——
Libby-Owens-Ford Glass—_—
Liberty Aircraft Products—
$1.25 preferred (quar.)
—
Liberty Fabrics of New York-—
Life & Casualty Insurance (Tenn.) (quar.) —
2-28
——
3-12
4- 1
4- 1
to—50c
—
Leslie Salt Co.
8
^-15
.
62%c
25c.
•
—
Lehn & Fink Products (quar.)—
3w 8
Co.—
preference
3-31
;
Extra
common
1-31
;
3-15;
$1.10
Co.
Leath & Co.,
3-20
:
..
pfd._
(initial)—
3-25
4-1
Hecla
Roi
4- 1
$1
new
(quar.)__
$1.25
75C
Corp.,
Co.
4»;5
7-5
10- 5
2-20
2-28
25o
25c
' ' $1
—
Langendorf United Bakeries, Inc., 6%
r
(quar.)____
common
preference
non-cum.
——
•/V-———
Manufacturing Co.
-
3-21
75c
Lanett Bleachery & Dye Works—————
4-
2-15
3- 4
;
7c
25c
2-28
1
//"4-:T:a
v
8-15
11-15
3-15
3-14
25c
S3 3-30
4-
3.-15
4-15
2-15
.
2-20
50c
i
(quar.)
10c
'
-
4-24
$1.12%/
60c
$1.12%
/
1
v " 2-19
Kresge (S. S.) Co
—
: ■ 300 ; ^3-12
Kroger Grocery & Baking Co.-~
' •*
6% 1st preferred (quar.)
—___
$1.50
4- 1
7% 2nd preferred (quar.)
-r*
$1.75
5- 1
La France Industries, 6%
pfd. (accum.)—
$1.50
3-15
Lake Shore* Mines, Ltd. (quar.)—
$20c
3-15.
Lamson & Sessions Co., common_,_»_-^_«». ; ':
'25c ; : 3-15
$2.50 preferred (quar.)
; 62%C ; ; 4-1
Landis Machine Co., common
25c
5-15
2-18
5-
—
$3
Hinde &
;/
.
6-28
$1.06%
v;
,
2-26
3-
,
3-15
,
35c
»
3-15
1
1
3-15
$75c
(quar.)
12-21
1
-
1
4-
3-11
*/$75c
■
Hazeltine
4-
;; 3-15
4-
,
v
3-29
$1.25
6-20
3-20
4-
1
3-29
——'n.-
9-20
3-15
1
-_i.—_____
6-29
'
4-
4-
.3-14
"
SOC
(quar.).
preferred
2-25
$6
3-20
3-30
3-20
30C
AVavo preferred (Initial
Hanna (M. A.) Co., common^__^—
3-li
$1.50.,
.
1
10c
preferred (quar.)
Tobacco, $4 pr.
12-
4-
_
Chemical Co.,
3-30
/
35C
•
preferred
$6
Harshaw
V.3-'T-
;
30c
(quar.)
(quar.)___
(Dallas)
Hartman
25c
(quar.)——
preferred (quar.).
preferred (quar.)
1st preferred (quar.)
1st
,
•
-4-1
9.09%
.
Co., $5 pfd.
Co.
Insurance
4-10
$$1.20
(quar.)—
1
:,
,
Gulf Oil Corporation (quar.X_
Heileman
—..ji—
4-
50c
(irreg.)__
'
$1.50
...
Class A
Gulf
2-26
jtrrttim-)'
English Electric Co.. of Canada, Ltd.—
non-cum.
Brewery
3-15
$1.50
Elgin National Watch (quar.)
Empire District Electric Co., com.
$3
Western
9-30,
(quir.)__^/..
(initial).
1
:''"3-27:.
$1.25
"
$1.50.
(Texas), $4.50 pfdr(quar.)_
Gas Co. (quar.
Co.
4-
$$l
$62 %c
.____
4-25
$1.50
—
Controller & Mfg.;
4-1
30c
;
-
$1.50
Electric Auto»»Lite
3-12
-
50c
i";
$1.50
preferred
1
50c
•
preferred • (quar'v )_•/_/._
Hawaiian Pineapple Co./ Ltd——
Hazel-Atlas Glass Co. (quar.)
—
com.
r
•
;.
3-15
20c
Trusf ••■(irreg.
new
4-1
4-1
,
.
9
5-
5c
,
•4-14
'
(quar.)..
Economic
Edison
:
50c
Eastman Kodak Co.; common
3-
40c
(quar.)
20c
^■'.6% 1st preferred (quar.)...—
....
I
"6% 1st pfd, (quar.) (clears all arrears)—
v
4- 1
4- 1
'
•
j
.
quar.)
—
;
56 %c
.
Massachusetts Street, Ry.—
Eastern
5-25
30c
25C
$1.25
East Sugar Loaf Coal_——
•i
33-
;
3-14
$1.12%
...
(quar.) —:
(quar.)
•
Tubes^—
Steel
Harbison-Walker
,$4.50 preferred (quar.).w————
Duquesne Light Co., • 5% 1st pfd. (quar.)..
Inc.
.
.
3-11
75c
preferred
4%
4-
$1.25
Magnesia Talc Co.,
Quarterly
Quarterly
Quarterly
.—:
,
-
$1.62%
$1.75
:/'/;/
'
$1,18
$1.10
$1.01
(resumed)
-
4-1 i
$1.25
$4.40 preferred (quar.)—
—
Hale? Bros. Stores,' Inew (quar.)
Hamilton s Watch
Co^ common—.
3-22
3-1Q
(interim)——
Eastern
•
6-25
30c
States Utilities—
3-21
3-15
60c
50C
-
;
3-15
$1.75
——_
Quarterly
5
3-15
1
-
—
(increased
:
3- 9
3- 8
3-11
3-* l
15c
$1.50
common
»"
,
3-15
' 25c
/
2-17
1
60©
common
Cq.„—.i<
3-12
4-15
'■J? • 25ft;
■
2-28
4-15
$1.75
■
—
Driver-Harris
Pitcher
1
1
.4- -1:/
25c
Corp.__—
Guantanamcx Sugar
.3- 9
,
1
4-
/
-
"
Eagle
1
25c
common
Griggs* Cooper & Co.—'
•
•
5 %.: 1st preferred < (quar.)
5%. 1st preferred (quar.),,
5% 1st preferred (quar.)
Group No.; 1 Oil Corpv (quar.)
a- 1
4-1
25c
/
Dresser Industries, Inc.—
&" Chemical
4-
44-
;
20c
••
8,-12
,
,
preferred
Plastics
(quar.)__
Cq., common
—
lednvertible^ preferred (quax*.)_——
Griesedieck
.2-21
Dominion Stares, Ltd. (quar.)—
Dominion Tar & Chemical, 5%% preferred-
Durez
2-28
•
4-1
3-30
3-30
3-15.
50c
50c
$1.25
25©
3-14
* 2-26
6-10
5-10
9-3
8-10
3- 1 if
; 12- 2
11- 9
3-15
x 4^1
-2-28
3-8
4c 1
2-28 3- I
4-1 / 2-28
5% preference C (quar.)
3- 1 i
xiy4%
4- 1.
2-28
5% preference D (quar.)
—xiy4% V
4* 1
2-28
/3-T-;
3-23
Jamaica Water Supply Co., com.
(quar.)—
50c
3- 9
2-20.
3- 9
$5 preferred (quar.)
$li25
3-30 ; 3-15 '
3- 1
Jefferson Lake Sulphur Co., Inc., common—
15c
3-15 > 2-21
3r 5
7% preferred (s-a)
•
35c
3-11
2-28
Jewel Tea Co., Inc., common (increased)—
35c
^-20
3* 6
2-14
4%% preferred (quar.)—
$1.06'A
5- 1
4-17
5-10
Johnson & Johnson (s-a)
—
;
-, 10©
y 3-15
2-28
5-10
Johns-Manville
Corp.
75©
3-11 '■*,
3- 2
2-27
Jones & Laughlin Steel Corp., com. (quar.)
60c
4- 5
3- 4
3-20
5% preferred A (quar.)_»
$1.25 .
4-t /y
;?
5% preferred B (quar.)
2-14 %
,
.
$1.25
4- I
3-4
4- 8
Joslyn Mfg. & Supply, common
1
%
75c ? 3-15 , ; 3» I
2-25
6% preferred (quar.,
$1.50 ' 3-15 ' 3-1
3-11
Joy Manufacturing Co. (quar.)____—;
20c •; 3-9
2-27
3-11
Kalamazoo Vegetable Parchment. (quar,)
■
15c
3-15
3- 4
3-11
|Kansas City Power & Light Co,—
'
3-15
$6 preferred B (quar.)
- ' $1.50
v4-;t •3*14.
Katz Drug Co., common
4-20 ;
-,--'^:T2%©
3-15 , • 2-28
4-20
$4.50 preferred (quar.)
$1.12Va '
4- 1 x3-15
3-15
Kayser (Julius) & Ca. (irreg.)—
20c
3-15;i//m 3--1
3-15
Kellogg (Spencer) & Sons, Inc. (quar.45c"
3- 9
2-16
Kennecott Copper Corp. (quar.)—___—25c v 5-3® '
3- 5
3-1
3-15
Special
25c
3-30
3- 1
Kern County Land Co. (irregular)
3- 1
;
/
50c
3- 9
2-23
3-13*
Keystone Steel & Wire (quar.)
30c
3-15
2-28
3-13*
Kimberly-Clark Corp., common (quar.)—
37%c
4- ir v 3-12
3- 2
..
Extra
-12%© ' • ;'4-» 1 v y-3-12.;
3- 9
4% Vo preferred (quar.$1.12%
- 4>3-12
3-29
Kinney Coastal Oil Co
l%o -1 3<16 *<•* 2-27
Klein (D. EmU) Co. (quar.)—
25c
l rA3-20
2-15
Quarterly
——_
25c
j<7-<ql 0.: .6-20
3- 1
Quarterly
'25c
Lot/ 9-20' .
3- 1
f ■' Quarterly
;
/:■"• 25c * i >12^3 ^ »-12- ^2 ,.
2-15
Kresge Department Stores—
"
^
,
3- 1;.
$4 convertible 1st preferred$l'.y;-'4^
2-15
-
4-1
$$1.37
.
6.
t5SViQ
(s-a)
,.
3-30
-
/'.?
30c
Common (quar.)
<
30o
Common (quar.)
30o
Common
(quar.)
30c
Jamaica Public Service, Ltd., com. (quar.)$17o
7%/preference A (quar,x$1.75
7% preference B (quar.)
xl%%
r
1
4-
•3-20
$2
1%C
Great West Saddlery,. 6%; 1st pfd, (quar.)
6 % 2nd;preferred^ (quar. >___
Greyhound Corp.,: OQmmon (quar.) i.
4 Va.%
preferred ; (quar.
.5r- 6.
8-15,
3-
——
Common
3*d5
20c
10c
—
6-4#
50C
—
Class A (quar.),.^.^—--.-w..—
Dobeckmun Company
•
,
10c
■
(quar.)_
Harvester
:
Extra
•
3h 1
3-30
:
50c /
,
Bradstreet, Inc.,
30c
62 %C
Great American Indemnity (N. Y;)—
y.:
/'^60<S,::-
Corp.-Seagcams, com. (quar.)....
preferred
(quar,) —.....*.
Cup Co.,. common..^———...
&
2-21*
2-28
'<•
convertible preferred (quar.)
Corp. (quar.)
Common
9-16
:-.>3--4,'
;
5- 1
62 %c
$$1.25
Extra
3-20
30c
Distillers
Dun
3-15
1
25c
Quarterly
3-13
-v
12%c
.
;>'vi.-:,-,:/
...——
(quar.) —
Dow Drug Co., 7% preferred (quar.)^.:
Dravo Corp., 4% preferred (initial quar.)
3-11
3-11
_
(quar.
Graniteville Co.
10-1Q
Sir.
,•
....„
V?%
>
...,50c
.
Detroit Harvester
Detroit. International Bridge (irreg.)—,—
Detroit-Michigan Stove Co.—
A%. preferred;^quar,'
common
10-
6-15
1
'
(quar-.>___—_——
4
GaodaU~Sahford,%Inc4; $5 preferred (qua^);:;
Gorham
Manufacturing Co.
(quar.)—
Grace National Bank (N. Y. > (stock div.)iw
Grand Union' Co._i_.—
______1
1
..
35c
'
S%
4-ia
.
25c
...
Co.,
7-
37 %c
'TTSodyearsTife 8s Rubber^ common-——_i-4w;:
Goodyear Tire & Rubber Co.- of Canada—^
Common?* (increased; quar;>—
3- 2
4-
$1.75
.—.-25c;
25c
Textile
•
____/
7% preferred (accum.)--6%% preferred (accum.)
6% preferred (accum.)
Iron Fireman Manufacturing Co.—-v
3-15
1
4-/1
37 %c
____
3i— 8
3-14
30c
,
Decker (Alfred) & €o$n (qusir^)--^—
Dominion
4-
"37%c
Brewing Co.> (quar.K^-_-.
Goodman Manufacturing Co.
(irreg.)—
6-18
preferred
Dixie.
3-15
Goebel
3-18
::\7%
prior- preferrd (quar.)
Cutler-Hammer, Inc. (irregular)—.—
Davenport Hosiery Mills, Inc., 7% pfd.
Globe
3-15
1
4-
$4
4%%
3-1
3-30
•
,
$1.75
&%
$1.50
30c
S40C '
Securities—
(s-a)„_-
$7
Iowa Southern Utilities Co.—
./. 2-25
,
Glidden
J'1
% 7- 1
$2
tiquar.)
j-H
3-15
3-15
Machinery Corp., (quar.)'
of Canada, Ltd.— '
$6.50
2-25
3-15
■
4-15
3-15.
$L28f
_
preferred
pfd.
3-15
i',4- 1
—
,
> ?. 7%
Co,,....
Diamond Match Co., 6% partic.
Diana Stores Corp. (quar.)
$37%c
Corp.—
quar.)
Public Service—
Common
3-20
15c
25c
3-15
3-1
3-30
,
Alkali
5%
3-1
-
62 %C
—
.
Diamond
4-1
Gleaner
3-10
20©
.
3->l
$1.31%
-: $L-.-
-
(quar.)—
3-15
■
.3-15
3-10
62 %c
Phosphate
preferred
$1
9-
■
4- 1
20c?
Crown Drug Co. (s-a)——;——
Crown Overall Mfg.—
v, V
j
6%
prior preferred
(accum.)—
—
Crum & Forster 8% preferred (quar.)
Cnban Amerlcan^ugar Co.— I;
5%
Iowa
3-
3-15
\4-.:l.r
r
$1.75
p $3.25 preferred /(quar.)
&
2-28
4-15
4-15
(quar.)
Intertype
3-22
3^;4
-
Delaware
3-21
2-25
4-15
3-15*
3-25
_____—,
2)elaware & Hudson Co.
11-20
3-11
3-13
4- 1
40c
Tel. Co., 6%% pfd, (quar.)..;
1% par tic. preferred (quar.)..
Copperweld Steel, common.
#% convertible preferred (quar.)..-.—_
i QuarterlyDeep Rock Oil Corp.
preferred
International Paper Co.,
4- 1
Outdoor
250.
Advertising, common
25c
General Railway Signal Co., com. (quar,)__ ■ ■
$1.50
6% preferred (quar..)__^__
1
40c
General Telephone Corp., common (quar.) —.
62 %C
$2.50 preferred '(quar.y__^____i.-_^——25c
Genesee Brewery
(Rochester), Class A
Class' B
._4—I—
_:
$1.25
Georgia Power Co., ; $5 preferred ,(qpar.)__
$1.50
$6 preferred (quar.)
21 %c
Gerber Products Co., common (quar.
$1.12%
4%.% preferred (quar.)_—
993Ac,
-
Co.,. 3%%, preferred (quar.)—
Cork & Seal, $2 preferred
(quar.)
preferred
pr^Bferred
3-31
Nickel Co,
preferred
12- 1
General/ Motors Corp.,, common_______rt—
$5
3-15
3- 1
2-28
•'
Continental
Electric Corp.,
•'
4%
15c
————
Co.,
3-15
2%c
;
;
International-Ocean
5-20
$1.50
General
.
Cornell-Dubilier
8
7%
.
',. Quarterly:
Continental Can Cq.; Inc.; conk
t« $3,75
preferred (quar.)...—
Continental Oil Co.
(Del.).
'
■
3- 1
3-15
$6
(quar.)
Quarterly,
3-20
8-20
•
6% preferred B (s-a)
3-15
(initial
I
Bronze-Corp.
(quar.)__________
Candy Corp. (quar.)— ___________
General /Fireproofing
3-30
3-31
4- 1
3-30
3- 9
3-14
Bronze
International Cigar
17%C
17%c
General Finance Corp.—
5% preferred A (s-a)*__—
3-23
;
SCO
_
3-30
^V6-'Lr
,
75c
3-12
$$1.25
50c
$1.12%
$1.62%
$20c
common
(quar.)
participating
New
5
f-Sv;;;
General Cigar Co., common • (quar.)_—
1
6%
2-21
(quar.)___
$8 preferred
(quarl)
Co.*
Box
General
3-15
3-
17 %C
.
(quar.);U_—
:
Co.,
Baking
General
50c
(quar.)
__
preferred
5% Vo
62%c
(increased
quar.)..
(quar.)
Consolidated Edison Co. (N. Y.)
(quar.)____
Consolidated Gas Utilities Corp. (increased)
Continental Assurance Co. /Chicago)—
-
;
3-15
3-11.
$1.75
^
(quar.)
General American Transportation
$$1.50
Consolidated
Crown
^ preferred
3-10
$1.75
75c
—___
6-10
25c
2-13
—
—
6-15
__
Orane
Power,;5
•
3-15
Congoleum-Nairn, Inc.
(quar.)
Community Public Service (quar.)■_„___
Compo Shoe Machinery $2.50 preferred—
Conn (G, C.) Ltd., 7% prior preferred-.
Connecticut Light & Power (increased)
;
Coronet
Corporation
3-11
4- 1
shares, class A
Powders, Ltd.—-
Group
Common
,
__—»
Garrett
Gatineau
Quarterly
Quarterly
3-15
Bank
International
$1.18%
Galveston-Houston Co. (quar.)
4-5
$$1.50
-
" 15c
75c
$$1.50
———
2-13
6%' preferred
$$1.50
.u
_________
3-15
$6
2-25
Confederation Life Association (Toronto)—
:
5
Utility—
3*11
J
35o"
5
3-
;
5-1
35c
Co.
1
3-
International
Foster-Wheeler Corp.r 6% pfd. (quar.)__—
6% preferred: (quar.)____
6% preferred (quar.)-——,4—
Freeport Sulphur Co, (quar.)——
Fulton Iron Works Co., 6% non-cum. pfd.__
3-18
25J/sC
new (quar.).iZ__-:_
(quar.) ________
Co.*
Edison
3- 6
3-30
-4-15
40c
3-20
Institutional Securities—
3-
3-10
________
87 %c
18c
:
.
Industrial Silica Corp., 6%
pfd. (accum.)_
Ingram & Bell, 6% preferred (annual)"
40c
;
2-25
3-29
'/."
1
3-12
3-10
—
2- 5
2- 5
3-14
3-14
50c
$1.25
(quar.)
A
International Business Machine
Fitzsimmons-Stores/Ltd.--•
7Vo preferred (quar.)
7% preferred (quar.)
—
7% preferred (quar.)
—
Flambeau Paper Co., 8% preferred (quar.)_
Flintkote Co., common, (quar.)—_ —
$4 preferred; (quar.) ______
—
Public
Rayon Corp.,
preferred
2rl2
2-12
3-30
'2%%
7%%
;
(quar.)
preferred
2-12
S-30
'3-30
$15c
3%
3-
:
Fran¬
(Chicago)—
Society
Pawners
$10c
3-20
3-22
15c
4% % preferred (initial quar.) ______
Food Fair Stores, common (quar.)
$2.50 preferred (quar.)——
Foremost Dairies, Inc., common
$$1.75
Columbia Broadcasting System, Inc., Class A
v
Glass B
Commonwealth
State
$4.50
3-11
___________
Florida
5
3-15
31V4C
(quar.)
Columbian ,Carbon
(San
Co.
(s-a)—
3-
Coast Counties Gas & Electrie-r*
.
(quar.)_——
Stock Corp.
Industrial
3-16
3-30
50c
.
3-15
%
3-15
30c
-
Ltd.—
(s-a)
convertible
8-16
>;
3-30
50c
____
3-15
$1.12%
preferred
Cleveland
•
/:
5%
3-15
30c
at Bait., cl. A (quar.)
Bank
'■§
1
;■
—,
.
-
2- 9
3-19
3-11
4-1
$$1
(quar.)
Canada,
preferred Series A (quar.)_
Industrial Acceptance Corp., Ltd.—
,/•;■
i—:
I? Quarterly,
cisco
First
■'5-15;';
$1.25
(quar.yj^,^-:
Co.
(increased)
City Ice & Fuel
3-20
i
—-
_
4-
25c
'
3- 6
2-25
4-1
3-
3-15
;///4-;;t./
/sz.75©/
(quar.)
I,.!
50c
t-i O O
(stock dividend)
Indemnity
Fund
Firemen's
4-15
v
1
/•
(quar.)
B
Class
,3-15
;
;
$2.50
&
of Amer.
Finance Co.
3-22
2-25
\ 37%c
(quar.)
Corp.
of
5%
——.
—
75c
Co.,
3-15
f 3-30
:
Extra
$22
25c
(quar.)-
Securities
4-15
,3-15
20c
1
37 %c
Fenton United Cleaning & Dyeing Co. (quar.)
3-14
; 3-29
$1.25..
•■
Mining
-'
Federal-Mogul Corp.
V.
Chicago & North Western Ry., 5'/# pfd. A
Chicago Rivet & Machine___to__________;___
Chickasha
*
& Welder
Machine
Fedaral
Federal
3-14
/, 3-
25c
%
3-14
3-15
.——v—*
Co.—.A—
Federal -Bake Shops (quar.)_
3- 8
Co.
Holder•
of Reo.
Penable
Share
'
Imperial Tobacco of Great Britain
& Ireland, ordinary shares
Ordinary
shares
(final)
Independent Pneupatic Tool
Indianapolis Bond & Share Corp
Indianapolis Water Co.—
//"x---"//;.;
3-14
10c
Quarterly
Preference
11-15
10c
(quar.).—--^——
Buffet Corp. (quar.)
'
i—.—--—
3- 8
i(quar..
(quar.)
/
& Obi© Ryv
Chestnut Hill RR. Co.
*;
Mortgage
'
(Interim)
(final)
Common
8-16
-
4-
Faultless- Rubber.
4-12*
1
30c
;
9-1
25c
Farmer Candy Shops (quar.)—
Farmers & Traders Life Insurance, Syracuse
'
Refining Co.
Tobacco
Common
v 5-17
: 12-1
/
4-15
%■: 4-15
20c
Fanny
2-20
3-30.
(quar.)—-
Co.
preferred
Special
<
3-13
$1.12Va
Extra-
Chesapeake
5%'
3-11"
25c
''
3-
2-28
25c
v
Chesebrough
1 v:
3-15
3-n
/
■;
Exchange
&
Erie
&
Huron
1
$1.25
$1.25
.Extra
.5%
3-15
156-;..
(quar.>_
'
$4.50 preferred (quar"KTL_
Chase National Bank Ojuar.)
t:.i
.
15C
(quar.)
Champion paper & Fibre Co;, com.
■
v.
3- 9
6-
$1.25
—.
preferred A_(quar.)___:.———
Eversharp, Inc., common (quar.)
—v
$5
2-28
4-
$1,04
-
of
v
m 27c
common
(quar.)
Century Ribbon Mills; Inc...-^—.
Chamberlin Co.
2-28
3-20
3-15
75c
(quar.
Service,
A (quar.).
(quar.)-.—.1-^——
$5 preferred A
'
:, 2-28
3- 3
;
be
Oil
.
Erie Railroad (Co., $5 pfd.
2-2R
-
3-20;.
(accum.),,-—-
preferred
Central Steel & Wire,
Central Vermont
■
i
Name ot Company
Humble
Imperial
deducted.
,
.../; $6
,<■
87 %c
RR; (quar.)—
State tax of 7%c must
Erie & Pittsburgh
2-20
3>-ia
$1.50
;;
Share
Name ofCompany
.
$L12V*
/
-—-*•—
-
Payable
When
rer
■
P.er
"
Central Illinois Light 4 % % preferred (quar.)
Central IUinois Public-Service Co.—
•
Name of Company
Corporation, common (increased)—_— 4
S6 preferred A (quar.)
A™.,-™,,,$5.50
(quar.)
$1.50
I'lercnants
&
Miners. Transportation
&
2-15
3-12
Co.-—
Convertible
Products,
Steel
Midland
(quar.)
common
/
—
—.J
(quar.)
3-11
Philco
2-28
iy*2<:
2-28
1
3-20
4-
S
3- 9 :y
57c
Mass.)
V
' /
*3-15
3-6
4-
2-22
4-
$25c
$$1.75
1
$$1.25
6
3-15
3-
1
bf%c'
4-
1
3-
4
$4.50
$2.25
6-1
Preston
Products
Car,
Co.
Co.
4-
I
3-15
2-15
$31 %c- £.; 3-16
2-28
$$1.75.
87a
3-
30c
3-
/
4-
3-15
Southwestern Life Insurance Co.
2-15
3
Y'Y'YY
$1.75
6- 1
3-15
(quar;)
$1.75
6- I
5-15
9-1
$1.75
(quar.)
i
' if ru '
Works-Co.—_
$2o
8% ■ preferred
(quar.)
Murphy (G. C.) Co., 4%% preferred (quar.)__ $1.18%
Muskegon Piston Ring Co.—-"—1—•':2T)c
$7. /preferred
*
8-15.-,
National
City
National
3-15
National
Grocers
$1.50
Ltd.,
Co.,
-,v.'35c
4-15
3-20
$30c
3-15
2-19
20c
3-19
3-
National
Service
Linen
2c
preferred
5%
National
3-
1
1
3-
1
3-15
1
$1.25
8-15
lc
•
Co.
4-
2oc
/
2-25
3-15
$1.75
■
25c*
/■
50c
-
2-28
3-
5-
•
New
(initial
Newmont
50 c
:
3* 8
4-
t
'
25c
37 %c
Mining Corp.——
class A
3-15
84c
pfd,.
Corp.,
3-16
3-
$1.75;
$2
$25c
50c
(quar.)
5-15
5-
$1.75
8-
—
,
3-10
3-15
Corp.
(quar.)
£3- 9
3-11
Y
North
shares
100
North
iKyy
.
—
—
"$1
Pennsylvania RR/ (quar,)
River
North
Noi'th
Insurance Co.
Texas
Gas
Northern
Natural
Gas
;
-
3-
'
hoc
(increased)
,
4
3-
$1.25
Norwalk
Tire
Rubber
&
Co.,
7% preferred (quar.)
Norwich
60c
Sugar Co.
Ohio
Flour
Oklahoma
2% C \
Otis
Elevator
6%
5 'k
Light
5c/r>
2-20
3-15
«
4
Y
Y 2-20
&
y£3- 1
1
com;
(quar.
3-20
$$1.25 ;
(quar.)
common
(quai
)
(s-a),.;,—
40c
Ltd.
(quar.)
$311/4 c
.
common
preferred
,
Texas
3-
1
8
Texon Oil & Land
3- 5
5-
1
4-15
5-
$
4-15
4- 2
Y.Y
.3-9
,
(quar.»__
Pictures. Inc. (quar.),,.
—
/■/.// :
:/
.
Ltd.
Peninsular Telephone
(quar.)
.
——v—t—,//;./
Y.25r,
2
Y:
3-15
4-
2
:
3-15
(quar.l
90C
(quar.)
<s
$1.75
"7-
1
6-15
$1.75
10-
1
9-15
$1.75
10- 1
9-15
Twin
3-15
3-1
208
$1.751
I 2-28
•2-18
3-
5
3-
4
2-19
3-20
Union
4-
$1.25
1
3-20
.
Union Wire Rope
3-12
33-
3-30
1
3-15
2-15
..
L-
3-10
4-
'
3" ^
2-21
(quar.)
.
8
3-1/
Scott $s
/
3-4
f
£ 6-30
6-15
!
12-31
12-14
4-
-
Oil
of
6
Roebuck
Sears
Co,
(quar.)__.
5-
'
1
/
5-1
-V
3-14
2-28
3-15
8
Class
2-11
3-
YY
2-28
(/
2-28
Sharon
4-
Servel. Inc, $4.50 preferred (quar.$1.12V2
5-10Nv 4-!o
3- ft
Xlr28
3-14" ,'£3- 1
Steel
•
Corp,
common
(quae.)
25c
conv.' preferred'(quar.)
(Frank
Shattuck
Sherwin
Williams
34:
>•
t
7*.
»
»
'7
y: /;•/;
B;
1,
Ltd,
SHverwood
■
-
(s-a)
-
pyy $20c-
3-
Graphite Co
Leather, $4 non-cum. class
U; S. Pipe
Foundry/(quar.) —
1
3-
4
Extra
Uv S.
U.
Card
2-28
2-28
,
i-'
;
—-
A^_-,_,--
•7%; non-cum.
Universal
£•••/.•
Match
Corp.———_ii-s.lt
a////£'/;;;•
%££/vi'':'i
5-31*
8-31*
11-30*
•
4-
3-16
l/.v
1
50c
$2
2
■
-
;
3-11
3-11
;
.
6-10 •3-
30c
§
50c
•15
;
3- 1 ;
V.
2-%8
,
y. 2-18 >
5-2 0 ?
;
2-
8
_
3-15 V
3-15
;
3-16
3-15.;
43 %c
v
2-15
9-20
12-20
4-
50c
/
3- 1
:
' : 2
SI
common^,-,.,;,./:
3-20
:
3-15
50C
(quar.)——"
preferred .(quar
6-15
;
6-20
40c'
(quar.),l-—
preferred (quar.)_
——JL.
1st.
-
^
3-20
I
3-15
1
3-15
•
-
40c
Potash. Co.j_—
Sr Tobacco.
1
7-
4-10
_
40C
1st preferred
8%Ui
•
$2.50
,c
50c
w-—'■
S.; Rubber; Co,- common '
3-15
4-
—
g-g
,
3-15
4-
..
..
3-15f
4-
4-
53c
;58y3C^
Co,,; (quar,)
——
United States Steel Corp,
9
3-12
'
40c
87c-
4
3-1:
-
,
/;
8
/ 3-
•
4-* r
4-
1
3-
1
3-15
v
-
,4^10
V.
3-15
5«c
preferred (quar.?50c
Dairies^ Ltd1,; common (accum.) ;/i,/$3uc)
preference
.5-
3-15
,.
57c
participating
3-16
4-
•
40c
3-16
3-21
Co. (quar.)^_i-^w__ /£^-25c
(CanadaH com. Tquar.) ^£ ;.-.:$15c
(quar.); $$1.75
Signal Oil & Gas Co, class
50c
..Class
•'
3-
4_
prior
Quarterly ■
Quarterly
u. S. Playing
2-22
.2-22.
4-
*
Quarterly£/
'
3-12
1
4-1
G.)
♦*•19
—r-—.
—
S.
U.
33-
&0c
U., S.
'
2-19'-
2-23 V
9
rr—
preferred (monthly)———
17„ prior preferred (monthly)
-c
United Merchants & Manufacturers, Inc.
5f/0 preferred (quar.)
57c preferred (quar.)
United New Jersey KR. & Canal Co. (quar.)
2-25
2-25
3-30
:17c. preferred
Silknit.
1
2-21;
3-11
3-
5QC
Foundry Co.—
——-—
_
$,1.25
—.—
—
1
3-10 ■;
3-15
10c.
w--,-.»
7
3-1
■
3-15
4-19*■
3-
3-14
'
'
H
Company-^-•?)
:V \f
4-19*-
/■ 3-15
25c
;
-/
Railways (Dell—
preferred .(monthly)—
6.367c
2-28
8
3-
--r
United Light &
'
•
shaie
United Illuminating
6%
3-15
1
3-11
West-
3-15 ;
2-26*
1
;,
T/o
*3-20
'
2-28
3-
4-
' c
JUC
—
2-19
3-11
25c
Securities Corp General, common (quar.)__
' 10c S; 4- 1
4- 1
57" preferred Class A (quar.)__
31'Ac
3-11
.Semler (R. B.), Inc. (quar.)
2"c
Serrick Corp.; class A_____^_—23c3-15
&
iZn
—.
2-28
3-12'
50c
'
3-15
,
(quar.)
?
3-15
preferved. < quar.—————
United Fuel Investments, Ltd.—
6% class A preferred (quar.)
—
K 3-30
45c
3- 9
3-20
93 Ac
•'
United Engineering &
9
3-
3-1
_
dividend, 8/lOO^th^shSre of
Chlorine common tor each
_—
*
3-14*
3-20 '
3-18
,fB
—
pfd. (quar.)
(quar.)—
Chenilcals, Inc.-*-
Common
3-15
;
10c
-
:
3-20
3-30
4-2
'
3-30
$1.87%
(quar.)
3-14
1
4-
4-1
3-15
25c
Board
Del.
3-1,
3-25
rkL
50c
"/L
3-6
25c
50%
Williams, Inc..
Seaboard
3-15
W/»c
———•-
Elastic Corp.———
United Electric Coal Cos.--—
75c
preferred————
5
——
Corp. (quar.)—
United
75c
,110c
(6-a)__
I
(irregular—
(quar.)^
5
2-28
Corp.—
quar.)
Co.
Carbon
vaco
held
/
Mines, Ltd.—-
Inc.,
5
3-
3-11
,#£
Circuit, Inc.
preferred (quar.)
—
Stock
50c
A.)
9
3-
3-15
(initial
common
united
1
Wall
common
United-Carr Fastener/(quar.)———
2-28
/, 3-15
37 %c
57c
United
:
1
V
'
9
4*
.
$4.5o; preferred (quar.)
$1.12%
$4 preferred (quar.)$t
$5
,(quar.)__V—1_^
1
•/ 3-
25c
25c
.
Paper, common
11-
3-15
^
—
United Artists Theatre
50c
Assn.
11-15
—
Union Oil Co. of California, $3.75
New
i
5-10
8-10
toe
& Rubber (quar.)—
2-20
2-25
8-15
& Paper Corp.
Carbide & Carbon
3- 5
3-15
r
Union Asbestos
•
(quar.)
Loan
2-25
3-11
(quar.)™———-—-
30c
Remedial
2-15
,
—
(quar.)
100
s-a
»/«
'
Union Bag
1
5
(D.
Co,
2-20
2-15
4-18
W kJi
Under\%>od Corp. (quar.)..,—--——
4-
Bridge Co, Ltd
u
(stock dividend)—
(initial )___i_.___;
Schumaker
Scott
Coal
Disc Clutch
20c
Co
3-8
4-18
,
5-15
(quar.)—
South La Salle Street
2-21
6V4C *
,?/
: '
£L
preferred
5 % 7"
$1.25
*
'
2-25
*4
(quar.)—
Truax-Traer
1
3-15
*
—
preferred
1
2-15
,^
(quar.)
common
33-
5
3-7
•
Ltd.--
——
3i;3-
fi-i5/
M$-
(quar.)—
Company,
57c
10(5,
3-15
: 75c
Trlon
3-
Francisco
Schulte
5-25
3-1/
3-29 yy 3-
„
Quarterly
Quarterly.
,
3-15
too
ord.> reg; (interim.)
def. reg. (interim.)—
Ltd.—
Co.
2-1
V' 3-1
3*29
tlT
rets.
Insurance
2-2
,
—
Trinity Universal Insurance (Dallas) (quar.)
3-15
1
.
dep.
preferred
5%%
2-22
4-
_______
—-
<acciim.)—-yjy
Elevators,
Travelers
'
3-18
lc
American
2-21
'
3-15
3-25.
$t
100^
American dep. rets.
3-U
3-15
(quar.)——
Securities Trust Co,
Toronto
£ $1.75
Semi-annual
New
4-10
4-1
25c
;
Company
Electric
4-
common
l-yXt 50c £4- 1 5'y 3-15
Switch,- class"A" (quar.)_,_e_,
,30c
/ 3-15 Y, 3" 1
Pennsv'.vania ; Edison;. $5 pfd; (quar.)--^,'—
$1.25 £ 4-1..,1.3-11
$2.80 preferred
.70c /
4-1
.3-11
(quar.)J—
0
4-
/
4- t
61
50c
$ lc
Corp, vtc.—
5--
:
Gold
preferred
$7.50
Tobacco
$1.31%
12 %C
60C
—
Bearing Co. (quarj——f
Tilo Roofing Co.; Inc.—
Title Guaranty Co. .(San Francisco)?^
Y3- 9
>50,;.,
3-
3»
3- 9
Roller
Timken
2-2
3-25
4- I
; •
15C
preferred <quar.)_.
7%
3-15
25c
50c
Thompson Products. Inc., common
47c preferred (quar,)—
■
-
35C
—-—
Co.,—
Company
'
05c
Sulphur Co. (quar.)_—_
Hydro-Electric, $3.50 pfd. (accum,)—
Thermoid
3-11
Sarnia
6•
4- 1
4.
62 %c' /
)
Interim.
Common
8
Lead
Increased
San
2-20
3-15
,
.
8
3-
4-15
Antonio
*
:
*!£
10c
Gulf
3-
50c
Schiff
2-19
6-15
:
Manufacturing Co, Ltd, com. (quar.);?•//' $$1
T-/c
preferred (quar.)—
$$1.75
Paymaster'Consolidated Mines, Ltd.—
.
Texas
(quar.)——J—
Gulf Producing
Texas
2*28
$1.75
Co.
l3c
—
Texas Co.
25c
2-28
5-31
-JS2.50
;
Pa ton
Penn
1
•
1
4-
75C
Line,
Ford,
1
8-
Manistee Lumber Co
&
3-1
3-20 YY 2-19
;'-4- 1? Y
2-20
$15C
40c
Cement
5-
11- 2
25c
Manufacturing
Joseph
San
2-26
5-1 /•• 3-30
$1.50
;
.
St.
3-5
3-15
20C
:
Power,
8
3-15
$35C
common,—,———,
(quar.»
Manufacturing Co,
&
3-15
15c
(quar.)———
Manufacturing
Ruud
Saginaw
3-15
A
&
Panhandle
Peerless
:/ 3-15
15C
Russell
3-15
—
(quar.)-^-
Mines
1AA
1
2-15
2-
(quar.)™—
Gold
*
Telautograph Corp. -—
-(James), Ilic, common (quar.)—,
4V2 7o
preferred, (quar.) —
Tappan Stovo
——
Telautograph Corp.——
—
Telephone Bond Si Share Co.—_
77c 2nd preferred (accum.)———
——
Tennessee Corp.
(quar.)——
3-15
Inc.
^
-^----~-T-*----
Talcott
4-
-•
1
Co.
&
Sylvanite
2-25:
3-25
$1.12%
4
Penick
4-
13%c
2-19
$1.75
$2.50 cl.
quar.
(quar.)
Thew Shovel.
Metajl Works, Inc.—
Brothers,
3-15
15C
.
Incie^
::
Swift
.
6-15
Increased
Pan
4%
iv 80c'
:
—
Rubinstein (Helena), class A (quar.)
Ruppert (Jacob) Co, common
47i7c
preferred (quar.)
4-
15c
.
(quar.)—
57"
• 20U> y
.
••
37 %c
preferred
(quar.)
prior preference (quar.)
3-11
,
15c
—
Mills
Paramount
3-1
3-15
(quar.)__
preferred
-
Sunshine Mining. Co.;(quar.)^_——.—T—-—
Sutherland Paper Co. (quar.).,
—
1
Ronson Art
3-15
Pagft^Hersey Tubes,
Sun Oil Co.
1
Roos
50c
preferred
Pacific
1
3-
3-21
(accum.)
preferred
Pacolet
i"
—
common
Co,
Heat
3-
3-15
2-16
4-
Co,
3- 1
3-15
37 %c
4-
3-15
1
25c
preferred
Ottawa
3-15
10c.
—
4-
7-1
2-4
Electric, Tic pfd. (quar.
Ltd, 70c conv. pref. (s-a)
Gas
Orange Crush,
'\Vi.
15c
30c
(quar.)
Confection
3-12
&
r-
^
^
;
..
——
Sterling Aluminumr PTOducts.,—------—-*
-
1
$1.75
2-90
y
9
3-1
87 %c
(irreg.)
common
Mills,
3-
-
2-28
3-12
—————rr--~r
-——
Commoir,
8
1
Romec Pump Co.™—
;/ 3- 1
25c
:
,
Manufacturing Co.,
Ogilvie
3-
bOc
—
-—
Sterling. Motor Truck-; (stack dividend))—,—■
Stokely-Van Camp, Inc;—
57c
prior preference; (quar.)——r
Sullivan Machinery- Co. (reduced)/-/-—^-—
4-
•
$$1.50
common
preferred, (quar.)—,
Oahu
Oak
Corp.,
f 3-2$
/'
1
3-15
,
3-25'
93%c
^2/.——j—.
(quar.)
Pharmacal Co.
Nu-Enamel
"1
3-11
65c
Greyhound Lines, Inc.—
<quar.)
—
Northwestern Utilities, Ltd., Q'/e pfd. (quar.)
$3.75 preferred
57"
'
Northland
>
-
25c
Robertshaw Thermostat, pfd. (quar.)
Rockwell Mfg., new common (initial quar.)_
Rockwood & Co, common (quar.)
2Y
/,;
£4-1/!
25c
Liberties
3-
3- 9
.
£:/"/ 23C
(quar.).
Co.—
Northern
4-1
2nd
Riley Stoker Corp,
./
Pacific Gas & Elec¬
each
for
Common,
(quar.).
2nd preferred
17c
'
1
lyiyyyyij:
share
one
common
17c
2-13
3-
»3'«c'
—-
—
conv.
Common
4-15
-4-
93 J,tc
Co, common
(quar.)
»0C
25c
—
preferred:—-,---——---—Standard Wholesale Phosphate & Acla
Sterchl Bros. Stores,, Inc., common—
partic.
2-28
3-15
$f.25
1st preferred (quar.)___—
2nd preferred (quar.)—_
17c
2-13
3- 9
$3
Car
1st preferred
17c
2-15
30c
__
common
3-20
4-
$1
$1.12%
(quar.)
(quar.)
preferred
1st
17c
2-28
American Co.-r-
tric
2-28
1
•
$1.18%
(quar.)___2
Oil
7%
/
1
1
American
3-29
preferred.-A
3%%
(quar.)—.
(quar.)-
Standard Paving. &• Materials, Ltd>—
Dry Goods Co.—
Rice-Stix
1
11-
Quarterly,
2-28
37%n
preferred (quar.)
Manufacturing
Ranch
Rice
3-6
8-14
North
3-29
conv.
Rheera
11-15
American
2-15
2-15
12%c /
'
m
50c
.Extra
3-15
3-15
$1.25
(quar.)
Reynolds"(R. J.) Tobacco, 3.60% pfd.
1
■'
3-7
50c
Class A (quar.J
•;
$50c
Niagara Lower Arch Bridge Co., Ltd. (quar.)
Noranda Mines,
;
' $$1
Ltd. (interim),—
Norfolk & Western Railway Co. (quar l—— lif $2.50
■
Standard Oil of California
10c
2-20
50c
.
/
North
Standard Oil Co. (Ky.) (quar.)—-——25c
Standard Oil Co. (Ohio) common
25c
-
■
•
preferred (irreg.) —;
...
Fund, Inc.—
67c preferred Class A (quar.)
67" preferred Class B (quar,)
—
Republic;Steel'Corp-, common^-—"
:
67a prior, preferred A Cquar,)^- •m—'v
Revere Copper & Brass, Inc.—
5 V-4 7c
preferred " (quar.)
:r'rr
Reymer & Brothers, Inc.—__lvu—';
3-12
1
4-
45C
——
Class: A (quar.,)—
■
Standard Oil Co. (Indiana)
2-15.
Republic Investors
Co,—
Nineteen Hundred Corp.,
"/'
3-15
2*15
3-15
2-21
:
-4
.
quar.)
Share
4-15
3-15
3-14
*
2-
^—•——
50c
-
Republic Drill Si Tool Co.—
3-30
owe
(quar.)
$1.25
2-23
55c
40c
Standard Fruit it Steamship Corp.—
4*-1
Y
^
>
5
2-28
2-28
3-15
$1.50
—
4%'A conv.
Niagara Wire Weaving (quar.)_.
Niagara
Standard-Coosa-Thatcher
4-
$7 preferred
$4.50
preferred
(quar.)
Reo
Motors,
Inc.——
Y 3-15
4-
15c
(accum.),,,
& Tel. (quar.)
'^J&u^.eased ? quarterly..
fYW/.Jet-sey Zinc, Co
NdWoerry. (J. J.)
2-8
4-15
3-12
6
1
3-15
25C
Y/jE^g^a'inpsI^e,iFire. Insurance—
Y'
3- 8
3-9
3-15
x
5-15
12%C
A
EiiglSnflV^gl.
3-15
37%c
NeStle-Le 'Mur Co.—
$2. partic. ,£la?s
3-20
3*12
/-./:35c
6
3-25
4-
'
63 %c
.
iTeisperjBros.rf lnc. (quar.) —r—'
.
1
1
4-15
—
(quar.).
pfd.
i.,
7-31
3-15
'
(quar.)_.
4%%
Corporation
1
4-
—_2,.
Machinery, (quar.)
National Tea,Co.,
Nehi
4-
3-15
?;
'■/'-/
Corp.-—,,—,,—,
Standard
i
$37 %c
/
(S-ai
Rubber
National
10-22
1
$15C
National Paper & Type Co.—.
National Petroleum
£ 7-22
•
4-
(quar.)
com.
1
8-
10-30
2c
50c
2-24
Standard
5
i 3-14
50c
Reading Co, 47c 1st preferred (quar.)——15c
J 3-15
Real Silk Hosiery Mills, Inc., common
5 7o prior preferred A :v(quafcju,
$1.25 / y4- l
4- 1
$1.75
17"
preferred (quar.)
—_______—___
Regent Knitting Mills—
6$40c
$1.60 non-cum. preferred (quar.)—_____
9$40c «
$1.60 non-cum. preferred (quar/)
12
$40c •;
$1.60 non-cum. preferred (quar.)____^___
Reliance Grain Co, Ltd, 6Va% pfd. (quar.)_ $$1.62% <
3-15
Y;
30c Yg4- 1
Remington- Rand, Inc.» common (quar.)...
/. 5%- Ml 4- 1
Stock dividend
4-20'
tt
071/
4-
(Pittsburgh)- ..common——aui—L
Rayonier, Inc,.$2
3-15
—*"
$5c
.Packing Co._—'
Raybestos-Manhattan Co.
(quar.)I__l,_—_
2-18
3-11
•
■-,«!/■
—-
(quar.)-
Common
4-15
■
$1.12%
$1.25
Rath
9*-.
—
——.
4-
,
common
Corp.,
2-
2c
(quar.),___,_
Coi,",7% pfd, A (quar.)——
Lead
4
(Dallas)
-—---—
15c
.
Ext ra
'
.'2-15
--------
Accident Insurance (Detroit)—
Quarterly
—
Standard Brands, Inc., common (quar.),,.
$4.50 preferred
(quar.)
Standard Chemical Co, Ltd., 5% pfd. (quar.)
______
•
preference
National
i3» 2
3-11
1
$75c
(quar.)__,
8 7c, preferred,
(quar.)—
Rapid, Electrotypev(quar.).,,—
-
'4
1
3-
—■—
Royalty
Spiegel, Inc., $4.50 conv. pfd. (quar.)
Squibb (E. R.) & Sons—
New, common (initial),—
—
$4 preferred (quar.),—
Staley (A. E.) Mfg., $5 preferred
3-20
(quar.)———
preferred
Rand's
/
8
3-
;3^^8£
20c;
(quar.)_
Insurance (Hartford)
National Fire
.
3-15
1
4-15
Container
Cylinder Gas (Del.) (quar.)
National Dairy Products (quar. I—,
National Electric Welding (quar.)
Quarterly
^'Quarterly ■
,
3-22
>
National
3%%
3-13
; 3(Ut ; h
Co./commoxi ^tiar^iw^i^
25c !?,
Lines (quar. )^.~.1
•J.. 25C £
Corp. (Del.)_„_
'
National Biscuit
'
2
4-
4-
3-
,3-15
3-15
:
Ralstdix.Purina Co.r commoii
1
3-30
$25c
(s-a),
Utilities, Ltd.* com.
Nanaimo-Duncan
3-
,
Pipe
Quarterly
4-15
Muncie Water
3-15
1
Southern
1
$$1.50
preferred (quar.)_—
_
7% preferred (quar,),—
Public Service-Co.. of Ok la, 47c pfd. (quar.)J
Publicker Industries $4.75 preferred (quar.)
Puget Sound "Power & Light Go.—
$5 prior/preferred (quar.)ai—
Pure Oil Co, 5% conv.-pfd. (quar.>___—
Quaker State OiL Refining (quar.)_.
3-29 /•'/ 3-15
(quar.)—-—
Line Co.(reduced)
5-
$5
40c
(quar.)
$3C
Public Service Electric <fe Gas Co.—
2-20
9
preferred
5%
6-1
preferred (monthly)
preferred (quar.)
preferred (quar.)__—
77c
3-15 //,-;.3-L
$2
:
5"
J.ii
-
Southland
of N. J, $5 pid. (quar.)
Public service Corp.
67c
common
3-15
1
JS
+$i^u
:j;
(quar.)
—
(quar.)————
3-20
preferred (monthly)—it
67c
3-15
2-15
Co.
Co,
£3--; T;7
3-23
*
.
3J
■
25C
Prosperity Co, Inc., 5% preferred
Public Service Corp, of N. J.-i-f
•
Gas
Railway
preferred
5%- preferred
5%
■'
Ltd
Mines,
Proprietary
3-15
3-JL5-
Natural
Southern
3-
(quar.)
5-10
,
Southern
1
4-
3-15
1
^
* p
(increaseQ;
2-20
4
4-15
4-
"./.25c;;
.
(quar.).
5-10
$$1
Greyhound Lines
4-10
(quar.)—
Dome Mines
East
67o
3-28
reg.______
(quar.)
1
(quar.)——
-
ord.
Ltd,
Insurance
I
lc
preferred
Co,
Accident
4-
$1.25
'
,
$1.50
(quar,),_T
6-
■
preferred
$7
Inc.
$3
'
.
River
preferred B (quar,),————
Canada Powers com. (quar.)——
partic. preferred (quar.),——--- —
Southern
15C
preferred—
15c
p Mueller Brass. Co. (quar.)--——
Mullins Manufacturing—a $7
2-28
•/
10c
Prentiss-Wabers
5-10
$4
,
1
3-12
preferred
$1.75
Alexandei',
Pressed Steel
,
1
(quar.>
&
»
■
(quar;)^———
Southern California Edison Co, Ltd.—
1
3-
4-
k21
::4
—
8V0
1
3-
3-
0 7
l>c
(quar.)
com.
25c
1st
Powell
6-
•
3-
.
3-11
■
(quar.)—ld/J?
com.
(interim)—
|i
Corp,
67o
1
3-31
.
3-14
4 it
i ;?
Rico Sugar,
Porto
15
«,15
J
(quar.),—
preferred A
55c conv.
South
Co.
62 %C
(quar.)
67c
Edison Co,
Preferred
/$4.50
.
Manufacturing
2-25
2-21
3-31
25c
of Canada, Ltd.—
>
preferred (quai\)
%non-cum. partic. pfd. (quar.)___
6 7c
2-22
4-1-46
$$1.25
preierred A (s-a
preferred B (s-a,'_,
preferred C (s-a)—-——
Montana-Dakota Utilities, common—,
5% preferred (quar.):
—,
Montreal Cottons, Ltd., common (quar.) —
."•1% preferred (quar.
—
Montreal Loan & Mortgage, Co. (quar.) —_
Morgan (J; P.) - & Co—.—
rrMotor Wheel Corp.- (quar.)
MoUnt Diablo Oil Mining'& Development Co.
Solar
'
1
$2.50
(quar,)-
Power Corp
$2.25
.
3-12
£
3-
$1
Extra'
1
3-27
62 %c
-62%c
(quai.),;.—
V
Aircraft
4-
750
(quar.)
Chocolate
&
preferred
Powdrell
4
$1.25
: (S-a)
Chemical Co.. $3.50 pid.
Monsanto Chemical Co.-r-
Solar
0) Reo.
*
,
_
2-21
1
$1.50
is-a)
preferred
Tin
2-28
3-11 /•■ -3*
'2»c f
Nut
Potomac
Monarch Life
Monroe
Lake Erie RR.
&
Plymouth Oil Co. (quar.)
Porter (H. K.) Co, Inc., commoner
2-28
'
..—-
Planter
3-15
c
—,
preference (quar.)—,——.
Insurance (Springfield,
2-16
W* -;l£
3-15
/
50c
(quar.)——
Piusouigh Bessemer
8
Iron—
3-11
Southern
Co. (quar.)
;
Pillsbury Mills, Inc., $4 preferred (quar.')
9
3-15
$1.50
Brewery,
8.Y
8
3-
Pittsburgh Forgings Co.
25 c
74
3-
1 :/
3-
£
$1
Corp.
o°c
191/
+lM
preferred (quar.)
Socony-Vacuum Oil Co, Inc.—-—-—
4-
—
3-
Y
1
4-1
£•;;/'25c/i
Ltd. (quar.)——
Monarch Knitting Co., Ltd., 7% pref. (quar.)
5%
4-
50C
50c, ;£ 4-
,(quar.)__
common
4-
—„
(Irreg.)—
preferred
&
-
.
$1.20
Philadelphia, Germantown & Norristown RR.
preference
$1
_
Company.
Sloss-Sheffield Steel
3-11
.
2-28
1
preferred
$6 preferred (quar.)—,———
Philadelphia Electric Co., com. (quar.)
3-15
•
5'jo
4
3-
3-20
.
|/fojud Hosiery Cot/ common (increased),^
3-11
3- 8
40c
$1.25
—.
$1.50
30c
25c
yyt 20c
Corp. (quar.),,,———
Philadelphia Co, $5 preferred (quar.)——
5c
$6 preferred (quar.)——
Mohawk Carpet Mills (quar.).—
Molson's
2-18
1
1
3-11
(iiT6^.
B
Ol&ss
Phelps-Dodge
1
2-28
Minneapolis & St. Loyis Ry.-——
Missouri-Kansas Pipe Line Co., com. (irreg.)
Mississippi Power,
3-
/;4--1"
■
3-16
.
3-13°
8%
.Common
3-
3-20
3-15
13-22
;
(q.uar.)
Steel.Co,
&
/;
(quar.)— $$1-12 /a
Singer Manufacturing Co. (quar,)-,
Extra.'——-—r—r-.-—— ——
>>-.n
Skilsaw, Inc. (quar.)
———
400
3-22
3-30
Saw
Simpson's, Ltd, 4%%
3-22
3-11
2-15
3-11
4
Western Dairies—
:preferred
Bimmons
4-15
common
5%
Simonds
4-15
$l'
.
Co,
37 %c
(quar.)_;
__——
preferred ■■(quar.)'-,———;
Minneapolis-Honeywell Regulator Co.—
40c.'
•
(The)
Milk
3-29
shares
dividend
$2
3-
/ 4
25c
;
'
-:r';£
(quar.)—
preferred
1
$1
15c
Sugar, 6£
preferred (accum.)__
Mid-West Reiineries, Inc., common (quar.).
Michigan
3-15
4-
"
3-15
1
3-29
Permutit
Pet
/ / 97 %c
/
1
4-
Company (quar.)15c
(quar.)i____
25c '// 4-/1
4- 1
Va "M preferred (quar.) —--J—___—
• $1.06V4
4- 1.
4V< 7o
2nd preferred (quar.)$1.06 V*
3-9
Peter Paul, Inc.
(duar.)—,—
;
'
50cr
3-29
Pteiffer Erewing Co._iM,——25c
3- 7
Pfizer '(Charles) & Co. (increased)—25c
3-25
.
pfd, (quar.)
/
2-28
4-
$1.25
Silverwood
Holder*
",'i When,
Payable
Per,
Share
Name of Company
.
3-11
3-15
,30c
$1.
•,
Extra—
3-25
1
4-
./'4-T:
c
.
2-28
3-30
"
$1.12%/'
$1.31%
(quar.)—---————r
$1.31%
Merritt-Chapman & Scott Corp,—
$1.62%
*6%% preferred A (quar.)————i
62 %c
Itesta Machine: Co.
(quar.)
-i—...*
£ /
35c
Metal & Thermit Corp., common
(quar.) —
$1.75
:7%
preferred
(quar,)
'•/
15C
Metals
Disintegrating;' Co..————
25C
Meteor Motor Car Co. (quar.)—
Metropolitan .Edison, 3.90%
Miami Copper Co. (s-a)
3-
3-29
'
preferred
.
8*
3-30
50c
25C
Co., Inc., common (quar.)_
—
preferred (q u a r-™,—-—
4% %
,2-15
3-30
Quarterly
5V4%>
'
.
3-1
Co.
Merck
1
3-
,
$1.37%
____™,,-_™--
of Reo
Payable
Share
(initial)—/' V, 35c
./
y; ,?ry
Name of Company
Penney (J.'c!) Co, new common
Pennsyivania Salt Maoufacturing_i_:
Pennsylvania Water & Power, com. (quar.),
$5 preferred (quar.)————
Peoples Drug Stores, Inc.
—
Peoples Gas Light & Coke Co.——
—
2-19
8
10c
preferred B
Mengel
3-
20c
Mead
'''1:1,y ■■■:
,'v.
Hoiaert
Wtien
Holdert
When
Payable :y of Reo.
Share
:
?
,
P'i
Per
•
•••■v-
1946
Monday, March 4,
FINANCIAL CHRONICLE
THE COMMERCIAL &
1200
"i
;
3* 4
f
3-v 4
,
,2-28,
i
r
I
t
(Volume 163'
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4469
Per
Products
Co
(1
—
Universal
Laboratories, $2.50 pfd.
Upson-Walton Co.
5%
prior
preferred
prior
preferred
4-
4-'l '/
3-21
7-
6-20
Norman
25c
—
B
3-10
3-
4-20
4-10
■7
4-
tl5c '
$!
2-15
'
Other
2- 8
3-15
2-
3-15
50c.
income
Miscellaneous
3-
Income
5
1
5-15
°Includes Fed. Inc.
6-
1
5-15
{Deficit.—V.
4-
1
3- 1
4-
1
/I 3-19
8-15
8-12
common
4
2-21
from
3-
45c
4-1
1
3-20
2-15
Governor
25c
1
.
Common
30c
3-11
2-28
$1.06 »/4
4-1
3-18
4-
..
x
Less
3-
25c
Is 9d
7
fj
■ny
)<;■;
37 ViC
3-20
3-
3-15
3-1
3-
3-15
$1.12 Vi
4-1
{5c
,
.
1
25o
I-?; su
3-
$1.12 Vi
3-15
—V.
2-28
50c
3-15
2-J»A
25c
:/3-i5
25C
3-11
*
'■ \
,
3-
Gross
of
.
Net
/
:
'
Balance
:
201,117'
$495,718
-
regulatory commissions, but in the opinion of the company and its
independent accountants,
the taxes chargeable to operations should
be reduced by such reduction in taxes as to do so results in
Fed.
1946
$3,752,547
Net
Net
taxes
98,769
/axes——212,912
operating
income
—;.—,—^
income
215,750
•,
155,105
——
Sinking funds and other appropriations——
v,;'•
v.•
to surplus———
'
.
1
$113,438
V. 163. P.
7
M
.
r
-
p.
■■
1033.
6.1%
Is
at
16,
approximately
$4.60
amortization of
war
sh-.re
■
N,-'i
1
.
•-
>7 '
week
of
1940.—V.
1G3;,
Due
.nd
otiiui'
-
•..•77'-
..
the
to
—-'$3,352,832
140,560
released
report
This
amounted
common
year,
/
'
Feb.
\
■■
•
.
amounted to
$279,503,615 com14.4%, 7- 7777;
decrease of
1945, RCA personnel
77
numbered 32,985,
representing
being employed
are
tiie
return.
145
..7 *•
,
corporation's 215,000
its
divisions
ahd
Division, RCA Laboratories Division, RCA
Division, National Broadcasting Company, RCA Com¬
Inc., Radiomarine Corp. of America and RCA Insti.
<
.
$57,446,901
total earned
31,
at
the
1945, ^amounted to
close
of
increase; of $5,393,040
over
$62,108,118.
777V77.--.7
1944.
surplus at Dec. 31,
Pointing out1 that
.
have returned'
they
7
as
Victor
Working capital 'at Dec.
The
$3,493,392
it
Brigadier General
$10,263,291 in 1944,
dividends were equivalent
preferred
sources
a
by
$11,317..P68,
was disclosed
with
compares
,
stock,
27
••
to
1,818
.
1945,
earned surplus
amounted
to
at the end
com%
$49,038,127,
of 1944.
the
pi-imary objective of RCA throughout the war
contribute in every possible way to final
victory for the
^United Nations, Chairman James G. Harbord and President David
7 Sarnoff, speaking for the board of directors, reported in a joint
;
V-
years
was
to
to
stockholders
corporation has been
mstruments
and by
?
7 dependability."^-;
•
to
that
"serve
since V-J Day the chief aim of the
the world at peace by producing radio
operating
.
7
,
5.ONS?L^PATE]l5
services
:7
unsurpassed
hi
quality, and
-7.
'.
,
to
the volume
operating
meet
of
loans,
/•_" '■ 7.'.
^
.
7
:
-
7-
.
'
and
company,
|
Qther
other
investments——
r™*1, gross incomeof goods
Cost
sell,
and
admin,
of
244,31^,196
277,
tom
~~_I
patents
tax
excess
and
1,783,989
4,960,200
24,987,700
5,969,000
income—
11,317,068
surplus at begin, of year—
effect of change in, method of
inventory valuation__>——_—-.—
Total
■
-
over
*
..
s
under
the
of
name
was'
Louis
all of
the
stores
are
and
to
where
the
the
it
on
Dividends
934,46!
3,671,931
on
Surplus
Earnings
1643*61
first
B
on
Dividends
preferred
stock
3,152,800
3,152,80
2,7Tl~ 123
/ 2,771,05
49,038,127
43,645.087
$0.51.
41,605,65
$0,5)
stock
—
—
per
3,152,801
2,77~l"228
preferred stock
common
common
^Difference
.1
share.
between book
$0.59
'
—
value: and,
amount received. •
and RKO.securities.
,1945-.
Cash
Notes
City, from which the business
first
store
was
opened
in
April,
"
1944.
Nine
1946
it
Common
7
dividend
cumu.
stock
;
,
pref. stk.
(par 50c)——
PURPOSE—The proceeds
will be
purposes of
r
r
.
Other
Reserve
207,500 shs.
the company.'-7
;
- ;7;
^7: -77-'7'7-: ; ; "7"-v -V' r,
present Intention ; of the' compan^^s^^^se approximately
$200,000 of the proceeds from this tttfancing to pay the cost of
of
additional
operation
of which
operation
were
Earned
stores,
and
-.for the repayment of bank loans in the
amount
used by the company for working
business in donnection with
of ' its
of
the
•Total
»After
-
$125,000, proceeds
capital in
the normal
servicing
of
its
rehabilitation,
in
1945.
surplus
3,599,000
——
5,441,301
—
par
including the cost of leasehold im¬
fixtures, inventory and working capital for
of said stores. Approximately $125,000 will be utilized
furniture
788,200
33,542,480
•
788,200
—
83.50 cum, 1st pfd. stock
(900,824 no par
Common stock
(13,881,016 no
..
The
29,475,143
taxes~/\ 22,548,031 ^'41,150,141
2,771,228 sr 2,771,123
•r;'
55,000,000
etc.——
3,666,345
4,589,008
—
post-war
159,663,84 8 232,664,244
—
Inc. & excess profits
dividends" payable———
dividends payable
for
3,345,312
1,895,438
1
—v-*—!
Reserve for contingencies
General reserve
——
available for the general corporate
27,792,244
'4,592,265
2,298,766
4.--^
liabilities
3,330,225
31(713(845
I-
Total 4-.;
Common
.
5,469,923
3,189,487
Provision for Fed.
65,000 shs.
201,609
178,765
-
tax
___U_li7
Preferred
42,177,789
52,366,526
37,560,704
beyond
—.
LIABILITIES—
Accounts payable and accruals
7Outstanding
.
advances
tPatents
and
Authorized
207,500 shs.
and
35,910,400
38,116,956
market)—
or
maturing
60,174,778
8,539,374
(less reserves).
cost
receivable
Deferred charges —iiL-
is
65,000 shs,
7.
'
(par $5)
accts.
$ .;:7
33,473,686
•Plant and equipment—
CAPITALIZATION—Giving effect to present financing:
;.7-7-7r;7
receivable
(at the lower of
and
Investment
JetyeJry,
'
anil
:
one year
(less reserves)—
Post-war refund of excess
profits
stores rwere in
additional .stores
by Jan. 31, 1945. Up to Feb. 0, 1946, ten
were
opened, and two others were acquired by purchase,
planned that seven more will be opened between Feb.
1,
May 31, 1946, making 28 stors in all.
account
Notes
.
,
hand
Inventories
stores
costume
on
anticip. notes and Govt, bonds, at cost
and
1944
$
in banks and
U. S. tax
:
inspects, warehouses, and ships all
directly operates the New York
wholly owned subsidiaries, separately
bags,
<
(Corporation and Domestic Subsidiaries)
ASSETS—
Company
are
■;
s
CONSOLIDATED BALANCE SHEET, DEC. 31
■.
i
tConsistir
$118,687, being difference between book value (cost) and amour
on
sale of RKO securities and $525,000
being provision fc
Federal income taxes in connection with
sale of Blue Network Co., Int
received
name
operated.
29,72
of
'Incorporated itf Delaware;
Schwartz Stores Corp.,
the
1945 to conform to the
49,137,42!
of
charges—,
Dividends
buys,
stores.
stores
.
,
53,240,942
B pfd. shs. purch. and retired™
Goodwill written off—a,—7—
Other
rights expired Feb. 22.
presently offered to the general public 29,214
unit, on which the underwriters will be entitled
BUSINESS—-Company
&
*5,619,48
54,962,155
stated value
10,192,45:
33,325,48!
1,372,000
—
_I—L
surplus——.;
cost
10,263,291
41,605,651
43,645,087
Blue Network Co., Inc., sale——
7^f,943,53S
5,921,50(
20,202,50<
1,580,000 7
9,762,000
Earned
Excess of
825,d6o^,Ulh8^5!00(
900,000
484,408
profits tax
.
,2p3/6 l2n 7 5,100,J
3,436,000
surtax——
Prov. for post-war rehabilitation
Net
40 250
1,62^^6.,'J,^169'i52.
oper.,
expenses-
-__7—___u.^77
Federal normal
.Net
'
/
326,421^l3^4i3$,36a
3,317,943
Amortization
Federal
40,250
1,091,264
Depreciation
Interest--'.-.;
$
293,325.5616
279,503,615
sold,. general
devel
1943. '
$
324,754,1^0
from
'•
2,000
1944
$
—1:
:—:— 278,327,902
foreign subsidiaries—
84,449
inc., incl. int. and divs.
;
-
Divs.
is
per
"
From/ operations
7
expenses,
•
1945
,
Gross income—
operating deficit of $20,000.—
•
?NC0ME ACCOUNT FOR dikLENDAR YEARS (,
/(Including Domestic Subsidiaries)
7,
Stockholders
company.
which
The
the
1945
1945
of
RCA
<
for which the company
received aggregate
$39,985 and the underwriters received commissions
there
1944
provements,
charges for
adjuetments.
annual
corporation and others
pared with
7
\V
decrease in
the
to
sportswear,
underwear,
hosiery, beachwear,
furs, etc., all in the medium price range,
:
share
per
covers the .|J)45 operations of RCA and
,IT
:■
'
-7
sell women's arid children's wear, which includes'
women's
and children's coats and suits as well as
silk, wool and cottoii dresses,
.
alter substantial
facilities
('■'(.
♦7'"
C,"
having been changed on March 31,
opening
per
»
hnits,
of
$11.25
managed,
7 The
$341,058
/
accelerated
•'
In
corporation
President.
31,
munications,
tutes, Inc,
'
;
with an underwriting discount of 90c
undewrite7??'W«a result of this offei-ing, stockholders
$6,152.
office,
while
incorporated.;
341,058
this corpora¬
175,824,000 kwh., as
stockholders,
1945
at $11.25 -p^r unit,
merchandise
419,398
Phillips Petroleum Co.—Earnings Show Gain—
(The company's preliminary estimate of earnings for the year
-Indicate
J,"* 1
—
The company's main office is in N. Y.
1945
7
from the corresponding
7'7-l •'./7.,,".
•
counsel
the
HISTORY
Philadelphia Electric.Co.—Weekly Output— J
•]
output for the company and its subsidiaries for the week
ended Feb. 23. 1946 amounted t& 127,753,000 kwh„ a decrea.se of 8,or
Dec.
from
4,101
paid by the
■
The electric
wh.t
264,000 kwh.
of
$1.50 per unit. If all of the units are sold, the under¬
writing discount will aggregate $43,821, and the total proceeds to the
company
will be $284,837, before deduction of the expenses to be
60c
>
and
proceeds
Feb.
4
.
30,
—
v'
the
cents
receive
to
first mortgage 3%%
1033.
''
;•
j
26th
statement
7
--•
unit to
units
bonds, series D, due March 1, 1980,
ore now
available at ihe Bankers Trust Co., trustee, 16 Wall St.,
New York 15, N. Y., for delivery in exchange for temporary bonds.Definitive
5
—
operation
('Definitive 3%% Bonds Ready—V
.
-
•
Accordingly,
1
-
;
-
aggregating
161,668
224,204
Output—
by
subsidiaries:
12 MONTHS ENDED NOV.
—
of
58.8
International
$1,088,559
company
cash
41,667
vJ
$42,023
served
totaled
The annual report, which is
being mailed to
4
?
•
RCA
the
3198.
pi
purchased
'
Balance transferable
f
7
the
$4,438,150
companies
Feb.'2371946,
earn^rig5 after payment of
to
-
%
per
under
—- —- -—--
$5,147
employees died in the service of their country..
5V2%
purchased 4,400 units for $49,500, which was at the rate of $11.25
unit, without any underwriting discount or commission being paid
by the company therefor.
'
7A prior offering was also made of 31,600
units to stockholders of
Ry.—Earnings—
and Canadian income and exc. prof,
Other railway
of
share
a
of
name
—-——
of
per
■
operating
an
privilege of
$22,279 and the underwriters received aggregate underwriting
discounts of $1,485. Louis Schwartz, president of the company, also
overstating gross income by such amount.—V, 162, p. 2648,
Month of January—
18,780
increase of
10,072 over the total at the end of 1939, the last
year
before national defense activities were
reflected in employment figures.
From 1940 through
1945, a total of 8,559 RCA employees joined the
armed services of the United
States.
More than
Subs.)—Earnings-^-;
during
,-v •
ceeds
$428,652
not
income
•
-
210,000
stock——————
the
ended
Pared with $326,421,913 In 1944,
units to employees,
offering being at $10.40 per unit, with an underwriting discount
to the
underwriters of 65c per unit. Pursuant to these offerings,
Mr. Reich purchased 1,400 units and the employees purchased 885
units, as a result of which the company received aggregate cash pro¬
{Special charges in the. 1946 and 1945 periods of $320,215 and $56,849,
respectively, equivalenCUo the reduction in Federal excess profits and
income taxes by Reason of deduction of costs incurred in re¬
funding of securities.
In%ccordance with generally accepted account¬
ing principles, this special dharge was heretofore classified as provision
for taxes.
The reclassifications are to accord with requirements of
.
exchange
to
Sarnoff,
i
-
83,873
54,000
7,335
week
'
each
State
Gross
the
preferred
of Contributions
director
1,345,252
$638,652
—
3,457
'
4,657
p."318."""""
163,
to 51.2 cents per share.
Total gross income from all
to
Offered—Offering of the
unsubscribed portion of 40,000 shares of 600 cumulative
dividend preferred stock (par $5) and 40,000 shares of
common stock
(par 500 per share) was made Feb. 26
by an underwriting group headed by First Colonjr Corp.
and Childs,; Jeffries & Thorndike, Inc.
The stock is
being offered in units, each consisting of one share of
preferred stock and one share of .common stock, at
$11.25 per unit.
Boston underwriters, include Clayton
Securities Corp, and Minot, Kendall & Co., Inc.
Company made pidor offerings of 2,000 units to Edwin M. Reich,
299,251
adjustments
494
taxes
the
777
NOTE—Amortization of debt discount, premium and expense includes
Pere. Marquette
and
par,
income
V. 162,
$1,083,111
Income
Dividends on preferred
terminate
to
1945 were insufficient
with the result that the year showed ah
3,872,196
552,000
360,541
344,400
355,370
54,000
9,328
———
and expense
...—
voted
income ———
earnings
.
$696,835
deductions
.<*
tificates
.
..
$1,459,933
long-terra debtdebt disc't, prem.
Amortiz. of plant acquisition
Other
1,079,955
t
income
on
$5
the annual Teport for 1945'. Henry L. de Forest, President,- states
demand for loans, which began to fall in 1939, continues to
that
•
1945 $7,213,100
,
Federal income and excess profits taxes—.—-
Amortiz.
of
Princess Shops, Inc.-r-Stock
3,798,949
Provision for depreciation.—552,000
General taxes
336,921
Interest
shares
decline, though at a slower rate.
In 1945 the Society made 181,500
loans, amounting to $10,214,OOOi as compared with 243,400 ^Ioans,
amounting to $13,425,000, in - the preceding year.
The Society now
operates exclusively on surplus and reserves, having repaid all Ger-
-
---—-——
——
to ,300,000
the
111
163, p. 819.
In
1
3- 4
;v
.
,
1946
$7,227,758
—-—
8,113
$64,260
—_Z.
income
output of
earnings
David
approved a two-fdr-one split-up of the
increase the authorized common stock
(The) Provident Loan Society of New York—-Report
,.\i.
...
Ended Jan. 31—
15,694
$10,298
V
the
equivalent-
preferred stock on March 30, it was announced
time holders of these shares have the right
share of class B 7% preferred stock for one share
>-
1
Pennsylvania Power Co.- -Earnings—
Operating expenses
\
.
Net
•
3-20
i]
revenue
for
Net
7
^
:
,
that
to
one
5%
A
Gross
General Corporation and
Investment News
12 Months
$129,838
7
:
Total income deductions—2,494,833
2-21
4-1
3-15
25c
v
:./
Radio Corporation of America-—Annual
Report—
operating revenues—^—----- $13,531,716
10,178,884
f,
7
1
(Continued from page 1165)
Gross
$106,076
;
Total non-operating income.———'
: ai'i.
f
Feb. 25
on
Operating income
1-31
3-7,
Jamaica Income tax.
478,086
$56,147-
$193,866 !
,
an
—*• -
fii-
class
1-31
{Payable In U. S. funds, less 15% Canadian non-residents' tax.
-e.
"
Total expenses
{Payable in Canadian funds, tax deductible at the source.
Non¬
resident tax -15% president tax. 7%.
a Less British income tax.
•
exchange
Total
2-21
•
$1.12 Vi
—i,--
.f;i
profits taxes—
excess
INCOME STATEMENT FOR
ir
.■
and
Potomac Edison Co. (&
2-28
7
3-
6d
———-
189,144
with 199,621,000 kwh. for the
corresponding week last
decrease of n.9%.~v.
163, p. 1033,
7.!,77V.:„- ;-; -7V
stock and foui'-tenths
prior preferred stock.—V. 162, p. 2952.
■
,'Transfer books not closed for this dividend,
i
$173,108 '
;-;7--.7;-7;^:^;;. 7
■
p. 658.
have
Up
of
2-28
3-30
{50c
26.
to
,"n.
(quar.)
30ft
-V;
a
proposal to
shares of $10 par
directors
Feb.
on
4-15
v
3-15*
$1.12 Vi
prior preferred (quar.) ——
4V2% conv. prior preferred (quar.)
Wright-Hargreaves Mines, Ltd. (quar.)
Wrigley (Wm.) Jr., Co. (monthly).——
Voung (L. A.) Spring & Wire (quar,)—
4'/a ft preferred (initial quar.)
—.—
Youngstown Sheet & Tube Co. (quar.)
Youngstown Steel Door (quar.)—
Zeigler Coal & Coke ——
.
4-30
$1.50
4Vift
-
charges
stock,
150,000
The
3-18
—' •
113
$534,233
ad-
compared
holders of class B 7%
3-20
4-1
—
Wool worth (P. W.) & po„ Ltd.—
Ordinary
(final)
Ordinary bonus
Worthlngton Pump & Machinery—
3,390
Pittsburgh Steel Co.—Sets Exchange Deadline—
2-25
3-11
$1.50
Co
and
—
—
161, p. 2791, V.
As
4-
$1.25
Wisconsin Electric Power—
Woodward
3,809
u—
—
change each $10 par share into two shares of $5 par.—-V. 163, p. ,784.
3-15
3-15
$1.12 Vi
163,
stockholders
$1.75
<Woods(Manufacturing Co., Ltd. (quar.)
warehouse, general
selling expenses
and
income
tion
$197,256
Pittsburgh Metallurgical Co., Inc.—Stock Split-up—
The
$1.06 Va
75c
——_
and
income
Electric
$176,917
chargesl——
2-23
2-15
—
$534,120
•v;
r-—
-
2-28
——
$183,747
/•'Y'.
Public Utility Engineerinff & Service
Corp
87,278
-i--
fixed
income after fixed
3-15
.
40c
—
for
$284,534
"
22,097
a
"
(quar.)
$199,014
:
income..—
■
.7v,777-.'',' ,-7n .7-./:7'i:>•
25c
Wheeling & Lake Erie Ry. (quar.).
Whitaker Paper Co. (increased quar.)
Willson Products
(quar,),.
Wilson it Co., $4.25 preferred (quar.)
preferred
from
■
Total fixed charges,-—.;
Net
50c.
(quar,)^-„—
(quar.)
Western Electric Instrument—
-16%
available
6-
$1.50
preferred (quar.)_
Wellington Fire Insurance Co. (s-a)
West Virginia Water Service, common——$4.50 preferred (quar.)
——
Western Tablet & Stationery Corp.—
••5% preferred (quar.)
Westinghouse Air Brake Co
,
-V.
28,380
...
3- 5
:'/V-4-/A;;/
$2.50
•
Welch Grape Juice, 4'Aft
•) Wisconsin Power & Light—
4Vi ft preferred (initial quar.)
Net
$250,154
,
24,434
—.
deductions
,:;.v
.2-12 '
3-15 /
.
$1.25
preferred (quar.—
preferred (semi-annual)
881,842
,.$183,747
deductions
Provision for Federal
J
I
sales
Income
313,651"
$174,580
—
—_—__—
8
3-15'
50c
$1.25
Washington Water Power, $6 pfd, (quar,).^
i
income—
Total income
U
50c
order
income
Total
Cr452,708
railway operating
30,' '45
$1,415,962
-Loss $5,396
Other
2,379,819
•
Railway
tax
accruals.——^276,241
Equipment and joint facility rents
Cr616,292
Net
Nov.
359,507
~
2-15
v
3-15
{$1
.4
goods sold
minlstrative,
$117,297
8
10 Mos. End,
Jan. 31, '45
$2,497,116
$$165,471
Washington Railway & Electric Co/—
Co.
railway operations———
5
7
;
{25C
Co., common (quar.)~~~~
preferred (quar.)-^--—
(quar.)
2-
8
3-15
'
revenues_______——$2,101,012
from
revenue
•>
-
Year Ended
:
the
1945
'
■»
2-16
3-12
40c
777 '■
7 7,'
>
be
fronts,
and
STATEMENT
2-16
3-
,
Net
3-16
1
3-15
5
7' ■ '..7
■
INCOME
will
store
space
.
CONSOLIDATED
9
3-15
50c
of
by
7
1946
..
proceeds
Selhng
Total
Railway operating expenses_»__.__^r_—2,266,483
3-20
{$1
Cost
Distribution
3-15
,,
the
of
additional
$543,255
Pittsburgh & Lake Erie RR.—Earnings—
Month of January—
balance
including alteration of
for
departments.
7'
7;.
The
provide
7-77777:
-
Period—
.
$1.50
Ware Shoals Mfg.
Pump
<
Railway operating
50c
Waukesha Motor Co.
completed
3-10
S
7r-.',':
:
Profit—mail
that
3-15
——
Wayne
-
new
to
as
;•
according to the announcement,
tne
building piogram wm be
expected
mid-year.
3-11 5
time,
same
is
4-15
—
5%
$300,000 expan-
a
7-15
Mines, Ltd. (interim)
Walgreen Co., common (quar.)-,.
4%
preferred
(quar.)
Walker <H.) Gooderham & Worts, Ltd.—
Common (guar.)
:
——
$1 preferred (quar.)——
Wamsutta Mills (quar.)
5ft.
plans for
of
stores.
new
existing stores,
so
COMPARATIVE
manufacture
1
—
stores
Allegany,
13V^c
—
Pictures
the
Port
1
..........
Brothers
for
its
at
8-
Waite Amulet
►5ft
facilities
material,
and
modernize
enlarging
Facilities—
$1.75
(monthly)
Detinning Co., common
7% preferred (quar.)
Wabasso Cotton, Ltd. (quar.)......
Wacker Wells Bldg.
(s-a)_,_
Warner
announced
26
13 Vic
Vulcan
u
existing
the
It
% 3- 1 "
3-21
of
Feb.
on
5!
37 Vic
>
Extra
';
37 Vic
^
Class
3-15
2 '62 VaC
to
at
3-11
25c
stores
used' to
-M-;,'- V.■ 7;77'7.-.■ •K..;' v..
■
of Foamglas,
a
glass
Pa., plant. ■■.77.;:-Y-'7
of a new plant to house a melting furnace will begin
soon
as
weather conditions permit,
Additional buildings designed
house batch handling and cullet crushing equipment will be erected
as
2-25
3-20
.
.[
■
Construction
v;
2-20
;';
8
corporation
insulation
!
2-25
7
3-;:7
30c
.
3-
Virginian 'Railway (quar.)
^
6% preferred (quar,)'
—
6% preferred (quar.)
VIsking Corp./ class A (monthly)
.
sion
.
9-20
1
3-
-\$1,
/
(quar.)
(quar.)
Company
Viking Pump Co.—;
;
1
'
__
Van
1
62 ViC 4 1:; 10-
'7L.n"7v7 '■
creation
The
,
$1.25
preferred (quar.)i.-™;_™;__._...L
Common
(quar.)
Utlca & Mohawk Cotton Mills (initial)——
existing
is
7; Pittsburgh Corning Corp.—To Expand
2-20
,
62 Vic
/j
prior
Van Dorn Iron Works Co.
1
the year 1944 were $4.26 per. shafei "The company's an¬
scheduled for release to stockholders March 20.—V.
report
163, P. 945.
.
1
3-
3-15
62VaC
(quar,)_>
5%
■'i
$1.50
nual
1
j"? 3-
3-12
15C
V:
3-
3-11
.
Earnings for
u/ Reo.
3-14
62j/2C
(quar.)—
(quar.)J....
5%
Payable
40C
Utah-Home Fire Insurance (Salt Lake City)
Utica Knitting Co., 5 % class A preferred..—
Holden
When
;
Share
Name of Company 7■
.
Universal
1201
shs.)
shares)
3,400,431
5,441,301
'14,574,441 ■14,574,441
j27,762,032
27,762,032
49,038,127
43,645,087
r-™———(.l———^^59,663,848
232,664,244
——————
depreciation
reserves
fAfter amortization
of
$53.430,891'.'in,;!l944
reserve
900,365 in 1945.—V,'163, p. 945.
of
-
$10,187,432
and
in
$53,361,224
1944 and t'.1
-
THE COMMERCIAL & FINANCIAL CHRONICLE
1202
Charges
Total
507,847
38,248,694
?7,452,904
25,241,868 267,356,387
1,634,569 ' 16,749,118
:
38,453,647 442,394,101 407,928,942
expenses-—
Operating
Express taxes —1,638,681 \
Int.
& disc.. on funded
<
Other deductions—--
'
64,710
revenue!-.
8,982,955
1
$410,948
'J:' 92,944
126,772
;
:
income
and
liabilities
in
foi)mgn' territories
--2,425,911
-.768,874
cumulative income debentures—
—
transp;
::
■"Payments
v-
—
privileges.—V. 163,
and Other carriers—express
rail
to
J
p. 820.
Jjj j/ ////J
1'
909,332
;
■
$16,324,471
Amort,
of
plant
contingencies—--
& other
Post-war
1943
$9-746,160
'"7,414,000'
750,000
7,095,000
1,000,000
.■
The
$1,677,465 $1,651,160
628,100 ■ -■ 628,100
v 62.67
$2.63
deducting $713,300 post-war refund in 1944 and $679,000 in
profit
Net
Number
—
capital shares————share ——>
.—,
of
per
•>After
1943.—V. 162, p. 3080.
$1,533,969
628,100
$2.44
J
years, the War Assets Corp. announced on Feb. 20.
company expects to use the plant in producing ex¬
aluminum products and anticipates giving
employment to about:
truded
:'Vj
450 persons,
j:
.
reproduction cost of
'
The
-
1,092,332
/ H
"Net ry. nper. Income
—V, 163, p. 945.
-;
.
<
^
i
'
/.,
t
*'
'
/ '
\
W
"
^ jr
1943
1944
$9,205,045
J 2,333,025
761,106
'
'
railway
from
Net
railway
from
1945
1946
$8,530,436
1,794,819
January—
'
'
/
v
»
>,
' V-.'
rental
v
\
~
300,000 shares ($1 par) common
stock by Van Alstyne, Noel & Co. and Cohu & Torrey.
The stock was priced at $6 a share.
\
<
•
Coincident with the offering to the public, the com¬
made
ten
is offering, also at $6 a share, 25,000 shares of com¬
stocky without: underwriting, directly to certain
officers, employees and others associated with the com¬
pany
on
directors
Feb.
on
office
and
common
v
■
-
vi?'/!/
'
1
(The)
The
'
,
>
March
to
has
1943,
1
*
stock, no par value,
Payments in 1945
9.
95, 25
cents each;
the
aforesaid
Railway—Listing of Bonds—
plan
of
reorganization
RR., the lessee
bonds,
which
Net
series due
1956.
'
elected
been
dividend
a
of
25
payable
March
Joint facil. rents
Miscell.
were
follows:
as
to
25,
■
taxes
♦Before
Hanover
31,930,117.
35,914,029
>
v
'
Cr79,986
Cr55,666
1,405,754
1,971.682
67,800
'121,912
•
income»-v^^x.«^;$4,40I^$:J$4,071;709:j
provision for interest charges on outstanding debt, or other
January—
-<
/Gross from railway
.
J
;
,
/
- p
v
;
36,380;
j
.y^63, ;p.: 694.;.:;^; -.J.
,$5,086,697
4,753,306
Declares
directors
pn,508
/
¥$76,533 ;
■
8,072
'"/;/riI,479/'
J.• V,'.!V\<
.
1,822
*$219,498
;
117,521
135,943
•
;'iJ45,135:Cr32,998
•nh $3,851
f $82,057
charges
*$70,283
33,426J ; : 33,430;
V
1
$115,483
*$237,920
401,153
-
ficit.—V, 163, p. 820,
quarterly dividend
a
of
$1
per
•
S3/4%)3Bond«^J ^
mortgage 3%%
mteyy
honds> series, B, due
Jan.
1, 1986, have been called for redemption on May 1, mext, At !03V*
and interest, with funds immediately available for payment of the full
redemption price and accrued interest to May 1, 1946,
$81,946
the
at the office of
N. Y.—V. 163, p. 1035.
165 Broadway, New York,
company,
/ 401,135
$639,073
8103,713
"!;;"*-J^c?udes''-lntarfekt"ratc^ea--'Ott:^ut$'ilandto^:l»oh^
of. the, outstanding first
AH
..
7.168
-
declared
Southern pacific RR.*~Cails
■
85,263
.,
21
19, June 18 and Sept; 17, I945r—V. 163. p. 594
.
>
Feb.
on
the outstanding capital stock, no par value, payable March
to holders of record March 4.
A like amount was disbursed on
Dec. 17, last, as against payments of 75 cents each, made on March
25
317,403
81,816 '
Cr27,633'
■■
//f /-1J
$1 Dividend—
share on
$333,391
'
'7,412
1946'
1945 1 '
1944
•
1943
'
$33,126,687 $40,454,801 $40,023,740 $33,006,955,
6,996,218
11,015,218
11,959,650
11,630,087 :
2,973,227
2,953,189
3,646,334
5,576,066^
-
-
railway—
Net: ry. oper. income—a
1945—12 Mos —1944
$162,743
30,951 / J; 328,058
1 *.
from
•Net
*$39,678
02,135;
deficit—JLLjLJl,
J Net
be made at the Central
—————
—-
nonoperating income items.
c—
.
v
Co.—Transportation System—Earns.
*Net railway operating
of
>
4,886,329
4$84,942
14,364
•
.
m
fixed
0
.
■
;\'Federai/retirement;taxes!i!!!'-^!w—-!^^!!!"'JJ/720,935/,:J:B;724,042;j
State;: county and city taxes*.—4—!!- ^ ■ 3,199,070; r 1,269,280,!
Federal taxes
jl,647,301
8,350,762 T
a
June
-
$5^49,072
9,638
avail, for fixed
charges ...ww
W—i'v;
Total
;
Net revenue; f^om railway ®peratioas-^-i^^!i. $10,t)34,234 $15,088,079,
Unemployment insurance taxes—J 617,550
668,471
—
*
.
!,
—
Income
■
JV'.J;.;
St.
Month of January-^*!
■■*/•
$946/'1945';H,;;^
Railway operating revenues——
$41,964,351 $51,002,109" "
and Dec. 22, a year-end of 50 cents*—
407/411
(net).
income-
C; J
T
'
■
Equipment rents (net)
Joint fadlRy rerits
holders
March
$367,733
•/./
deductions
j.r
,
,
oper.
'
'
■
Railway operating expenses———————_i—
The
Other income—
.
The,merger, and Consolidation having been effected, the. only sub¬
sidiary (affiliated) companies: will be Consolidated Molded Products
Corp. and its subsidiary, Consolidated Plastics, Inc., now subsidiaries
of Consolidated Film Industries, Inc. and the various "Republic" sub¬
sidiaries now subsidiaries of Republic Pictures Corp.
All of the afore¬
mentioned subsidiaries are now 100% owned by, the constituent com-
Net ry.
Milwaukee,
■
cents' per Uhare
25
$$41,'059
Ry. tax accruals—
Equipment rents
(net)
J
Chicago^
.
Miscellaneous
$367,882
408,941
operations
such common stock on notice of con¬
into common stock on the basis of one
tor each one share of such preferred
stock
the total number of shares of stock
applied, for: 400,000 shares of preferred stock and 2,218?664 shares
common Stock.
"
'
"
'
.
■
V
Payment will
Southern Pacific
from ry.
revenue
for
and operator of the property securing
by Chicago, Terre Haute and
owned
Bank & Trust Co., corporate trustee, 70 Broadway, New York. N. YJ~
% 163, p/:232./;///. .' v'/J-;''- — v:
' y
^
; : j ;/
.
-
1945—Month—1944v
revenues
Ry. oper. expenses—
J
is
<)F^pMPANY:;GNL?/;/;^:
Period End. Dec. 31-
Ry. oper.
$597,012
and
3>4 %
-
..
declared
26
412,296
;■
The company has -called for redemption on April X, 1946,
I02t5»
interest. $108,000 of first mortgage pipe line sinking fund bonds,
:
*
'
"
additional shares of
preferred stock
stock
so
converted,
making
•
■
;.
Feb,
on
$1,009,308 :
412,296
-
(Includes Corporate and Trustees' Accounts)
of '-such-common
,
-
Rutland RR.—Report of Trustees—
version Of the
-
•
Ruberoid €o.—To Pay 25-Cent Dividend—
400,000
share
can
4,248
York Stock Exchange has authorized the
listing of $7,287 mortgage bonds, due Jan. 1, 1994, which have been issued
V. 162, p. 2686.
Setay Co. Inc.; the constituent corporation which is to:
consolidation); with further authority to add to the list
by
the
•
■;.
-
capital
end Sept.
"6
•*
•
Exchange has authorized the listing of 400,000
cumulative preferred stock (par $10), and T,818,664 shares
of common stock (par 50 cents) on official notice of issuance pur¬
suant
to the terms of a certificate of consolidation of Consolidated
Film Industries; Inc. and Republic Pictures Corp. into Setay Co. Inc.,
thereafter to be'known as Republic Pictures Corp.
(the new name
survive
Corp.
over 36 acres. ' The foundry has 26,085 square
and the mill building, an area 246,360 square feet.
laboratory building has a floor area of 9,717 square
personnel building an area of 1,245 square feet.—V. 163,
directors
the
on
rh-res of $1
assumed
exceeding
Assets
first
.
...;
The New York Stock
•
War
s
1 772
;
Southern Natural Gas Co.—Fartial Redemption—
addi¬
$280,000,
if
be deducted
area,
director.-*-V. -163, p. 660,
Republic Pictures Corp.—Listing of Stock—
.
•
property/not
of
;
252,450
1..' $1,074,784
stock!-—J
of the value
12%
the-firstrtwo/years of: the lease.
October,
29 to holders of record March 19.
A
in each quarter during 1945.—V. 163,
above.—V. 163, p. 318.
of
252,450
1,772
J
—
Southeastern Railway.—-V. 93, p. 1464.
obtained
equipment
annual basis
1,829,861
$1,267,779.,
•
$662,488
Pacific
provided that the cost of any
William E. Curran. a Vice President in charge of; all
mahafacturiiig
activities for the company since
Republic Industries, Inc.—Control Acquiredsee Barium Steel Corp.
an
Rheem Manufacturing Co.-^-New Director—
'?AAAA(^:AAi"A' A.;A*AAr,. i''y.AuyAb ^
./:x';'v '/AA
•
the
to
approval
j
163, p. 659.
preferred
Paul and
„
record
\;
tin
is also
expense-
v
93,600 '
...614,221:;
163, p. 821.
the
and
the
86,400
1,829,085
■>——
on
pursuant
slightly
floor
long-term debt
debt discount and
-
1945.
$7,617,215
3,158,924
; 652,828
The New
0C0
•
declared an initial quarterly dividend of
stock, payable March
distribution was made
equal to 4% of the net sales of all
with
a
guaranteed
annual minimum
>
P. 318.
E2V2 cents per share on the new $2.10 convertible preferred stock,
payable May l to holders of record April 19.
•J;/.:/—" / // ;/_</
■/;
The directors also declared a dividend of 25 cents per share on the
similar
prior
It
^
of
of
feet,
Engineering Co.—Initial Dividend
23
site
a
feet
Midland Ymst bb;!bf New York has been appointed
transfer agent fcr 575,000 shares of common $1 par and for 100,000
The
notice.
The
Marine
Reliance Electric &
the
adjustments——
on
of
Southern Indiana
j V The property -consists of seven buildings and 'other minor; structures
*
Jshares common stock purchase> warrants.—V.
-V.
Reynolds company is granted an option to buy all, but not
part, of the plant and may! cancel the lease at the end of the; sec-;
ond year or at the end of
any succeeding year upon 90 days writ¬
,
mon
The
with
1946 ;
..
Balance
two
Corp. will be
The
.
pany.
first
the rentals ;during
-from
•
profits taxes
excess
rental
a
plant
the
of the property rented.
tions
or
improvement
•
offering of
the
for
the
$140,000
War Assets
The^ rental of any additional machinery and
r
ing on
in
by
the land and
provides
made
of
from War Assets
Offered—Initial public financ¬
behalf of the company was undertaken Feb. 28
Regal Shoe Co.-—Stock
with
and
•
£o.4-£arnings—
^
deductions.—w—U——-i—u.—24,110
Dividends
/J-..'":U-
years; $250,000 the third year and
$350,000 the fourth year.
Rental for the fifth year will be 8 % of the
apparaised reproduction cost of the land and buildings, and 12% of
the appraised reproduction cost of the
machinery and equipment.
1,360,914
'
lease
products
$9,419,992 $9,104,099
2,888,149 £ 2,802,881
1,047,507
acquisition
// Net. income
Corp; report that the present
buildings is $2,133,177.
Alter allow¬
ance
for depreciation War Assets
Corp. estimates that the fair value
of land and buildings is
$1,964,531 and that the fair value of ma¬
chinery and equipment on the premises is $2,500,000.
>•
:
Appraisers, retained
,
Reading Co.—Earnings-
Gross
^st year,;a decrease,of 1.0%,-r-V. 163, p; 1D35.
income!—'$1,353,118
Interest
Amort,
»Other
P?Jiocl
Reynolds
<
'
■
./Gross
extrusion
plant formerly operated by Extruded Met;. als, .Inc., at Grand Rapids, Mich., will be leased to the Reynolds Met¬
als Co., subject to the
priority right of Federal Government agencies,
>
Earnings
aluminum
compared
as
::General/taxes.J^..^—.^iJ-—^i.!—'J':c625,006;
Federal income
1944
$9,841,465
^ j;>
for the week ended Feb. 23; 1946,4
with 2,124,000 kwh.: for the
company
kwh.,
Reynolds Metals Co.—To Lease Michigan Plant—
1945
$4,643,969
2,660,000
;
450,000
■
v/jj' J
$7,746,482
:;Operatihg expenses..——-3,164,828'
Provision; for depreciation^—688,044
Raybestos-Manhattan, Inc. (& Subs.)—Earnings—
Calendar Years—
Profit before Federal taxes, etc.——.
Fed. income & excess profits taxes
'''J JJh
revenue
-V.
^
-J,.:, jf'; J J-Lv
12 Months EndedvJan. 3L—!
Gross
1,710,234
—
Totar—yi——
162, p. 3199.
"
Southern Indiana Gas & Electric
4,000,000
(par $10)—
(par 50 cents >—t;-—
Surplus balance of merged companies
\Common stock
'11,440,997 156,839,1.45 152,969,070
2,102,000
correspqnding week
79,664
5,200,000
—
\ $1 cumulative convertible preferred stock
:*Rail
2824.
p;
Electric output of this
totaled
32,007,
Deposits by foreign and other distributors to secure fulfillment of contracts—-L—J-—'"
4%
•
.
JK.—
rj
..
.
162,
^Southern ColoradoJPower; Co^Weekijr Output-^
;
—
112, 821.—V,
pp,
: 567,784
excess
contracts
war
_y„3L
liabilities
Current
.
^
1,240,491
380,951
•
.
„
Accrued
requirements of regulatory' commissions, but in the " opinion of the
company and its independent accountants, the taxes
chargeable to ;
operations shbuld not be reduced by such reduction in taxes as to do v
so
results in overstating gross
income
by such amount.—V. 163.4
.
,
Inc!!--!i;!———
profits taxes and prov. for renegotiation off
237,806,437
15,531,993
105,858-1,284,861
30,355
164,590
./ 109,444
debt—
j:.I; i.j/ ;:/
'
* 1
payable?
Associated* Motion Picture auuusa-ies,
„.
.
& inc.
revenues
J.j-'-.
.
Notes and accrued interest
-
,
$
>.• '
'
$
•* ,/J
Bank —
—
Trade
_——
—
38,074,231 437,365.735 403,602,167 J;,J
Accounts payable, trB,de—:-yJ!__i.—
379,416
5,028,366
4,326,775
Accrued taxes, incl. estimated Federal
37,740,847
inc..
&
•
1945—12 Mos.—1944
1945—Month—1944
for transport-
Other revenues
LIABILITIES—
Subs.)—Earnings—
Railway Express Agency, Inc. (&
Period End. Dec. 31—
Monday, 'March 4, 1946
Southern
$319,189
Ry^Earnings—
-
,
v
.
-
**,
1946 u
' ' 1945
! " 1944
51943 . 1
$18,093,163 $22;519,462 $21,072,791 $19,277,012
Net from railway—!,—
5,139,347
8,751,802
8,431,229
8.862,456
JNet xy; oper. income!^
2,656,690
2,578,525
2,665,996 / 2,636,530^
January— ;
but unpaid!,:$De«
Gross
from
^
.
"
railway
.
OF
EFFECT
In
the
brief,
of
agreement
provide that:
BASIS
AND
MERGER
CONVERSION
OF
and certificate
merger
Sears, Roebuck & Co.—Further Decentralization—
of consolidation
Plans
~
tions
(1.) The constituent companies will be merged and consolidated into
and all of their property and assets will be transferred to the conJsolidated corporation,
'
—
>
for
of
completed
corporation
will
for their present
Consolidated
shares- upon
Industries,
Film
the
Inct
following
(a)
basis;
-y
vy*
share
each
Pot
income
stock
<b)
of
debentures
and
For
of
1
share
common
Five
stock
of
the
of
%
of
■
,
,
,
of
consolidated
the
*
,
PRO FORMA
„
.
corporation
Ohio
-
will
1
„
CONSOLIDATED BALANACE
y.
and
S-
of
certificates
indebtedness,,
cost
at
—
See
,
and accrued interest receiv¬
receivable, trade (after reserves of
—^-1——
w '.
Inter-company notes and accrued interest receivable, $334,805, and accounts receivable, $37,587, not eliminated due.
and
accounts
: :' $176,614)'
to different
Inventories
balance sheet dates'
-t__——„
Current assets in foreign
Deposits-
-y—
—,
territories (after
reserve
$23,421) X
—i—
■
Cash surrender value of life insurance-—.
Investment
in
and
advances
■,
—
;
1,353,.
Gross
v
Interest
-
*
v
348,165
" 11,241
199,471
-
' 507,620
' 190,200
5 ; 728,432
859,017
370,516
111,430
15,670
income..—^
on
■
Jr.. ' J.;v
'.v
'
■
/
J
'■
'
•
731,423
,938,918
•
•'
13%
•
'
:/
647,171
168,678
;
y
of the: issuer is; $0
retire the; 46,977
not being offered In exchange to holders Of cumu-re¬
stock, $5 Series, will be added to the conrp^ny^s/
(1
'
\\\
*
'.*
-*/■
•
GIVING EFFECT TO PRESENT FINANCING
sinking fund -debentures, due -May "
n$5,000,000.
stock—w^—!»—t /
*
150,000shs,^
$5,000,000 «-i'/
';;*
Series —il
;
50,000 shs. J
50,000 Shs.
Common stock —————
(1,000,000 shs.;/
423,253 shs. /':
/
On Feb. 7, 1946, the certificate of incorporation of the company J
was amended so as (a)
to confine the authorized shares of cumulative J
'
,
45,146
$473,579
157,152
.
$524,'758^'.J;-$316,427
respectively, equivalent to the reduction in Federal excess profits tax
by reason of deduction of costs incurred in refunding of securities'.
accordanoe with generally
accepted accounting principles*; such
special. charges were heretofore classified as provision for taxes or
provision in lieu of taxes.
The reclassifications are tq accord with
'
'/
l; 1959
Cumulative preference
$3.75
preferred stock of all series to 46,977 shares of cumulative preferred
stock, $5 Series,, and "(b) to authorize-the issue of 150,000 ahares of J
cumulative preference stock, issuable in series; provided, In. effect. ;
that until all ®f the shares of cumulative preferred stock, $5 Series, /
shall have- been. irrevocably Called
for final" redemption/ and the
moneys required for such redemption 'deposited,.^such, shares shall /
rank prior in all respects to shares of cumulative preference Stock.,;
The board of directors, by resolution adopted Feb. 7, 1946, established J;
a
series
of cumulative
preference stock designated "as cumulative^
preference stock, $3.75 Series, arid consisting of 50,000 shares, all of
which are offered hereunder.
-/,
•.•■■;/••.:
•/' -v -./ •■■ • • ■• ■ - - :■
On Feb. 7, 1946, the Certificate bf Incorporation of the company J
-
In
$16,324,471
/'yJ-J'* V
preferred
CAPITALIZATION,
NOTE—Amortization of debt discount; premium and
expense includes
special charges in the-1946 and 1945 periods®! $111,430 and $133,334,
1
■
,
Balahce
•
purpose
shares of the company's cumulative preferred stock, $5 J
Unexchanged shares will be called for redemption March 29 at
525,437
/
—
/
lative
110,950
J
^
——
Tota
FURPOSEr-The chief
s
$524,758
preferred stock-.
,
stock $3.75 Series,
■
Net
Dividends
/
plus $137% for each share exchanged.
'general funds.
%ncomte————'"$1,022,374; $1,334,574
Other deductions—.,.—.
/
^J
$105 per share and^dividend,;■
%
;/ Proceeds from the sale of the 3,023 shares of cumulative preference
$8,093,989
4,452,687
on
27,943
preferred stock
on a share for e/
The offer expired/;
February 20.
Pursuant to the exchange offer, 40,313 shares were
taken in exchange. The 6,664 shares not taken in exchange, together /
with 3,023, shares not offered by the company in exchange,
were >
severally purchased by the underwriters and have been sold.
/
share basis,
1945
■'
23,59016,177
163, p. 822.
outstanding
1946
-
1943^
3135,693
'
"... 43J61:J,v $7,977
88,714
26,564
10,937
; J The company offered 46,877 shares of $3.75 series
in exchange for outstanding $5 series preferred stock
1176.
long-term -debt^-—
—,
Amort, of debt disct., prem. and
expense
V
r
372,192
——
f-.y.y.' i;
•
,,
to
——
/v ;
;
$7,996,403
4,688,761
-
Provision for depreciation—
Amort., of plant acquisition adjustments—
Genera) taxes
—
Federal income and excess
profits taxes
1,026,325
subsidiary and affiliated
companies, not consolidated——.
167,872
Mortgage receivable and other assets.
38,569
Properties; plants, studio and equipment <after reserves
lor depreciation of $1,753,654)-^.—3,061,425
Prepaid expenses and. deferred charges———.
108,190
Goodwill, etc.
.
.
railway——— ./
oper. income-—
'
(A. E.) Staley Manufacturing Co.—Stock Sold—Smith,
Barney & Co. and The First Boston Corp.. announce the
sale of 9,687 shares of cumulative preference stock, $3.75
series (no par).
*
^
;
/
Republic Pictures Corp. above.—Y. 162, p.
Operating
———7,645,658
____—
Montana, Nevada and Ariftona.—V. 163, p. ,946.
ry.
—V.
South Carolina Power
Co.—Earnings—
Trade acceptances, notes, loans
able
Net
and
12 Months Ended Jan. 31—
Gross revenue-
$1,992,140
.
-
$5,409,267' $7*572,526 $39,039,801 $53,576,116
from
Series.
and /
V
1945
1946
1945
1943
■
Cftrhlngs-w^^-.
'
Setay Co., Inc.—Merger, etc.—
-
Treasury
*1T:'
-
.
/Net
SHEET
Cash In banks and on hand----———;
-accrued interest
territory
company.
made on the
western
effect to the merger on the basis of present holdings
assuming 100% exchange of securities pursuant to the merger] ;/
/-■ ASSETS—
Southern
the
Washington, D. C.
The Southern territory includes
the
Virginia, Tennessee, North Carolina, Georgia; south Carolina,
Alabama, Mississippi, Louisiana and eastern Arkansas,
The
/Pacific Coast territory, which is headed by H. W, Kingsley, a VicePresident,
includes
Washington,
Oregon,
California,
Utah,
Idaho,
be
'
heads
Florida,
t After giving
U.
an
,
Setay and no securities
issued in respect;thereof.
1930,
States of
Setay Company Inc.: For each share of Setay capital stock,
shares of common stock of the consolidated corporation,
y
; >
(3) Republic Pictures Corp.: Republic is a 100% owned subsidiary
of
-
•
Grosa
.
Practically ail decisions affecting that territory
ground.
The experience gained on
the Pacific
the present step.
: t
'
v
t
• #
:
The Eastern territory includes the New
England States, New York,
Pennsylvania, New Jersey, West Virginia, Delaware, Maryland, eastern
■
(2)
6ya
func¬
111., were recently
established an Eastern ter¬
ago the Pacific Coast territory of the company Was set
administrative unit inder Arthur S. Barrows, now President
the
were
share
one
administrative
Chicago,
Coast has led to
corporation;
consolidated
Consolidated common stock,
the consolidated corporation.
the
of
years
as
of
-
of
of $1 cumulative convertible preferred
share of
stock
common
■-'
and
shares
2
each
company
Bears organization since
up
consolidated $2 cumulative participating preferred stock and all rights
in respect thereof, including all rights ih respect of dividends accrued
and unpaid thereon 13/100 of $100 principal amount of $4 cumulative
-
in
with headquarters, in Atlanta.
<3) Stockholders of Consolidated Film'Industries, Inc. and of Setay
Inc. will receive securities of the consolidated corporation in
(1)
office
Jan. 1 to Feb. 21 J
-
of.
Co.
exchange
decentralization
Week Ended Feb. 21
and a ^Southern : territory headed^by-; Vice-Presidents.
,*
1 ;
Hattersley, Operating Vice-President of the company since
Spokane International RR,—Earnings—
1939, with a service of 21 years with Sears, heads the Eastern ter¬
ritory with headquarters in Philadelphia.
/. January^' '
"
1946
'
1945"
*' 1944 /,
Jackson F. Moore, VicePresident in charge of the
Gross from railway—
company's Chicago stores, and a member
$103,688
$181,565
-$170,654
have an initial authorized
capitalization consisting of 600,000 shares of $1 cumulative' convertible
preferred stock (par $10), and 2,750,000 shares of common stock (par
50 cents), and will
also be authorized to issue $5,200,000 of 4%
cumulative income ^debentures, due: June \30, 1965... ^>.
The consolidated
(2)
further
company's head
and on Feb. 1 the
ritory
.
v
the
the
,
Feriod—
11.j~
.
'
r
\
l.-
'■
f""1;/
'•
? .-■"J;
'J
'•«>
i
■)•.••■■J ■■-••,1 J-i
■: V
M
h
sryv;:.-£87,*f • Vf*WJf-*■'V'
Volume 163
also
wax
common
'
the' authorized
starch
number
oi
shares
of
to holders of record March
to 1,000,000.
v;,:fr'1
if
BUSINESS—Upon incorporation as A. E. Staley Manu¬
Nov;
on
had
,
cents
engaged
brand
in
packaging :and
"Cream Corn
name
in
vicinity since 1898. In 1909 the company purchased corn - proces¬
sing facilities in Decatur, 111., and in 1912 moved its major operations
to that '.location.^The principal business of the company is the
wet-milling processing
.of.-corn, and the,sale and distribution of products therefrom, such as
various types of 'starches,: unmixed corn syrups, table
syrups,"package
starches;;gluten feed, germ meal; crude and refined corn
and; the:
processing of soybeans and the sale and distribution of products there¬
from, such as; soybean oil;; soybean grits, soybean Oilmeal, soy flour
and soy sauce. Company also merchandises cash grain, soybeans, and
^Certain products; thereof;; the ; sales; of ;Which-* have notexceeded-; 2 %
:
Of consolidated net* sales in any. of, the last five calendar years. - ' -•
The domestic weit
milling corn industry consists of 9 active pro-:
cessors. Company is the second
largest and accounts for approximately
15% of the industry's grind. There are many
soybean processors, most
of whom are believed to be
small. Figures are not Available indicating
size
of
the
processors
the
or
company's
,«
The
the
s
FOR
Gross, sales
1944
Total income
Other deductions
$6,619,013
$6,789,453
153,229
1,381,866
893,000
990,000
5,544,750
Post-war ref. of excess
prf. tax____
Cr554,475
O., Myers,'
Common
'
ASSETS^ash
ba
Total
taxes————
423,253
Total
$2,334,818
■
tlon
and
short-term^
p.
198,906
assist
shares
to
stockholders
either
of
stock
preferred
round
$63,232
N.
Y.,
to
handle
these
Profit
163,
Misc.
$104,166
—
Net
$172,351
hbtesv $l^,l50;obcl;
•<
"
Period End. Jan. 31—
•Consol.
net
Common
$192,346
'
*
Subs.)
$91,554
a
charge
of
75
cents
p. 823.
by
of
the
Securities
the
Public
Cos.—Earnings1946—6 MoS.—1945
$739,727
218.859
226,544
$1,197,235
$1,524,682
438,077
2,292
1,246
23,967
Cr31,410
110,600
308,800
319,600
$192,490
$234,548
$413,881 '
$0.35
$0.43
451,091
y--- 2,413
21,148
(net)__
Ex«
Hold¬
,
deprec.____
deducts.
and
Utility
:/
4,530
,v
Cr33,194
626,400
-
$477,972
$0.75
$0.88
R. Pemberton, Director of Finances of the
University of
Pennsylvania, has been elected a member of the board.—V. 163,
p. 356.
?,
'
.
United Merchants &
The
1946—9 Mos.—1945
$968,195
$927,546
489,450
482,150
489,450
482,150
$0.78
$0,64
$1;95
directors
share
per
$315,302
and
Feb.
on
the
Manufacturers, Inc.—Extra
declared
21
an
extra
dividend
of
Div.
30
cents
usual
quarterly dividend of 30 cents per share on
the common stock, both
payable March 13 to holders of record March
6.
An extra of like amount was disbursed
on June 13, last
year.
■
$1.89
share_—
at
163,
Henry
Earnings—
1946—3 Mos.—1945
shares
shares
additional
United Gas Improvement Co.—New Director-
1944
$387,906
profit___^
Earnings per
1035,,-
1945
$216,338
Truax-Traer Co. <&
V.
and
Net. income y_;_y
Earned per com. share
—V. 162. p. 2992.
.
1946
loss
—V. 162, p. 3121,
fractional
purchase
1946—-3 Mos.—1945
________
Thompson-Starrett Co., Inc. (& Subs.)—Earnings—
31—
&
171,093
other
9 Months Ended Jan.
sell
to
$548,207
Fed. income and excess
■profits taxes
*$1,258
1036.
p.
to
or
operations^
__
•Loss.—V.
the
.
from
Interest
•
assets,
for deprecia-*
deferred charges,
with
preferred
holdings,
arrangements Ivive
Co., Inc.,. 63 Wall Street, New
transactions
transaction,"; See also
United Electirc Coal
4,224
171,391
———.
—
0.09
.
their
made^with Harriman Ripley
Period End. Jan. 31-
*$5,482
3,993
__
income
—
out
This proposal already has been
approved
change Commission pursuant to Section 7
ing Company Act.—V. 163, p. 948.
198,233
—
k
accounts payable, $2,232,764; accrued
liabilities, $756,799; provision for
employees' retirement annuities,
$170,009; Federal taxes on income,
$5,279,227; debenture sinking fund payment due
April 30, 1948,: $225,000; 15-year 3% sinking fund debentures
due May l, 1959," $4,775,000;
cumulative preferred, $5 series.
$4,697,700; common stock ($10 par),
$4,232,530; earned surplus, $12,434,947;
total, $47,953,967.—V, 163,
■
;
*
loss
0.19
directors will submit for the
approval of the stockholders at
annual meeting to be held
April 10, 1946, a proposal to amend
certificate of incorporation so as to
reduce the number of author¬
ized
shares of
preference stock from
5,000,000 shares t6 1,214,700.
^shares (the total number of shares of $3 cumulative preference stock
presently outstanding) and reduce the number
of authorized
shares
of. common stock from
24,000,000 shares to 18,261,551 shares (the
total number of shares of
common
stock
presently outstanding plus
the
number
held
subject
to
outstanding- option warrants)*.
The
proposed amendment also
contemplates the reclassification of such
authorized shares of preference
stock from no par value stock
(stated
value $5 per share) to
$5 per share par value
stock, and a reclassi¬
fication of the authorized
shares of common stock
from no par value
stock (stated value
$1 per share) to $i per share
par value stock.
1945
$67,225
Total
0.64
...
0.08
;
the
$1,661,104
1,468,353
740,693.
.
^ABlLniES^btes payable;to Ijanksi
non-operating
(INCL. SUB. CO.)
$11,488,105;
1946
1,554,124
;
—
234,885
depoMt,
amortization of $13,563,195),
$483;672; total, $47,953,967.
income.
operating
Total deductions
subsidiaries, $44,312; investments and
$326,144; property, plant, and equipment (after
reserves
_
;
0.05
0.30
the
AND BUS OPERATIONS
——
0.50
■
'
*
0.05
•'
0.14
(The) United Corp.—To
Reclassify Shares—
•
expenses
1.00
0.20
0.07
0.14
'
The
L.:—$1,816,262
revenues
0.17
0.07
162, p. 1400,
Corp.—Earnings of System—
RAILWAY
0.07
>
conversion
on
for each such
said to be contemplated at present.—V. 156,
are
order Jto
Deplet.
423,253
from
York,
Month of January—
Total operating
Total operating
in transit, and on hand, $2,935,549;
accounts
receivable, $2,732,149; inventories, $28,847,194; refundable
portion of excess profits
taxes, $1,096,839; investments in and accounts
receivable
changes
INCLUDING
.5,508,000
234,885
____
been
2046.
Third Avenue Transit
307,981
234,885
dividends
"'In
20, announced the sale of this
in the Flint Manufacturing
Co.
holdings
0.10
•
-./-p
_
fractional
N.
said
NO further
p.
942,000
$1,888,586
BALANCE SHEETS, DEC. 31, 1945
Feb.
on
stock
$0.07
corporation in an advertisement says in connection
for redemption on April 1 of its
4Va% convertible
stock:
Name, Etc—
above,—V.
>.
•
0.20
0.21
received
2520.
p.
Gastonia.
■
$2,460,579
dividends
President,
majority
He
Total
Preferred
The
Gastonia,
$9,092,799
2,810,000
Cr281,000
above.—V. 162,
20
calling
"
<
'
•
Peoples Light & Power Co.
77,297
_i—__
«
Texas Public Service Co.—New
$9,015,501
170,439
$8,497,084
*
i«-*»
Fuel Supply Co.
20 (extra)-
,•
0.20
1.
;,.i
$0.18
United Air Lines, Inc.—Re Fractional
Shares—
Texas Gulf Producing Co.—Acquisition
•HSfee-jOhio
'
.
1
Com. Shs.
$0.10
0.18
<
0.21
The
Pfd. Shs.
—V. 163, p. 112.
be made at the First Na;■
0.24
Shs?
"C"
$0,22
0.90
for redemption on April 1, next, all of its
preferred stock and 7%
preferred stock,
share and dividends and the latter issue at
per
"B" Shs.
$0.23
0.21
Dec.
Myers also .announced another transaction whereby Textiles,
Inc.; traded; the Priscilla Mill in Bast Gastonia, fN- Pb tOvthe Aber*;
foyle Manufacturing Co. for their three Hanover plants in South
>-
80,778
Normal tax and surtax..
$110
_
See
20-—
20—:
Sept.
'
'
20
Sept,
"A" Shs.
■
,
Sept, :20 (extra)-
Mr.
1945
$8,410,306
$8,416,306
credits
Mar,
June
C., to Burlington Mills Corp., at a price of $35 a
that the new owners' will take over March 5.
An
offer is reported to have been made to the
minority stockholders of
the Flint company, which operates two plants.
4,012,747
and
shares, and 6 cents on Union Common Stock Fund shares.
following payments were made during 1945; - '
1
'
> Date Paid—
has called
shares of b%
at
_
-
income
'
'
-
company
share.
dfs. returns, etc.__ $66,571,659 $69,444,652 $78,134,190
Cost of products sold
54,157,267
58,432,111
65,105,941
Selling, admin, and gen. exp
3,998,085
4,393,527
Other
Fund
received
March
161, p. 1138.
of
less
'Operating profit
s-
-1
,
former
A.
CALENDAR YEARS
1943
,
<
company's
(Including Subsidiary)
5
follows:
as
also
Textiles, Inc.—Sells Flint Holdings—
sales, approximately 43% were from the
division, 33% from the soybean processing division,
23% from the oil refining division and 1% from
grain merchandising.
Corresponding average figures for the five years 1941-45 were 45%,
34%, 20% and 1%,. respectively,
CONSOLIDATED INCOME STATEMENT
and
stock
1203
position.
processing
^
1S45,
$105 per sham and dividends.
Payment Will
tional Bank of,Tampa,>Tampa, Fla.-r-V;
.
1
'
,
outstanding
However, company is the oldest processor in the United States and be¬
lieves it is one of the
largest, if not the largest in the industry.
Of the company's 1945 net
com
A
Tampa Gas Co.—To Redeem Preferred Stocks—
,
relative
/
•
-
the
30
class
share- during
per
paid the fol¬
Sept. 29,c 50
company
June
The
cents.
75
the
stock;
common
29,
,
1
-
either
Dec.
$1.75
.
Baltimore
and
,
the
on
and
of
Last year,
14.
21, 20
cents; June 30. 30 cents; Sept. 29, 50
cents, and Dec, 29, 75 cents.
The usual quarterly dividend of
$1.25 per share on the 5% pre?
ferred stock, par,. $100, was also
declared, payable May l to holders:
of record March 16.—V.. 163,"
p. 695,
merchandising
Starch'1
each,
total
a
Stafey -Manufacturing Co.^ which "firm ,; and
been
under the
dividends
lowing
,
12,- 1906, In Delaware, the company acquired the
of the
assets
predecessor
corn
tdincrease
THE COMMERCIAL & FINANCIAL CHRONICLE
Stock from 750,000
HISTORY
its
Number 4469
.;
amended
facturing Co.
business and
'
?">'V£5v.".
•'
New Official Elected—
^After charges including Federal income and excess
profits taxes.-1V. 162, p. 2992.
...
Standard
Milling Co.—Securities Offered—Stone &
Webster Securities Corp. headed a
group of underwriters
which
Tri-Continental Corp.—Registers with SEC—
Feb. 26 offered to the public
$2,500,000 15-year
3Vz% sinking fund debentures, due Feb.
1, 1961, and
357,500 shares of common stock (par $1). The debentures
were offered at 103 and
interest, to yield 3.25% to ma*
turity and the common stock at $12.50
per; share.
The
on
Cheraicbl
Bank
transfer agent for the
&
Trust
common
Co.
has
stock.—V.
been
appointed
New
Gardiner Hawkins will join this
corporation in
on April 1,-it
was announced on Feb. 25.
Mr. Hawkins entered the textile,
business ih
Mills of Greenville, S. O.
He
The
corporatioiffMhas
cbVeriiCg
a
The
Securities
Corp.
is
named
a
the
as
principal
underwriter.
of the contemplated issue is to redeem the fcompany's
presently: cutstaiiding 3 Va % > debentures which are outstanding in like
amount and which are callable on 30 days' notice at 104.
Diferlng terms and redemption provisions will be supplied by later
York
purpose
•
amendment to
163, p. 469.
the
registration statement.—V. 163,
Staten
Island'R^p)d
Gross
from' t,ailway^_f5°
Net'from ThUWayi^v—
"
Net
v,i
;
Transit Ry.—Earnings—
(>
•"
1946
$478,385
3,053
152,270
*53,493
67,857
.
A
50%
increase
Mark
The
Frederick
Hiebert,
work
$323,657
148,967:
82,749
Stearns
Increases
Vice
was
Ifment.—V. 163.
p.
^tol^)y-Vail
:
:
enzyme division in
&
Co.
Division,
Stearns
President
carried
on
and
General
under
the
the plant of tite cor¬
according to Dr. J.
Manager.
supervision
of
947,.,.
.a new
J.
y
one
a foreign government and
negotiation,
subsidiary, which is being organized under Indiana
Jaws, will have its principal oliice in Indianapolis with
omiu^es in
Washington, D, CL, and Oakland," California.
\
Jri additloh; to ^Handling the export business Of Stokqly-Van Car
Inc.; it will also handle the export sales of the company's .Canadian'
^subsidiary, StokCly-Van Camp of Canada, Ltd., Essex, Ontarib,s which
,
:
.
new
are
quarterly
preferred
of
I
current
restrictions
are
lifted.
The
•
^export
corporation will also act as agent for ether food companies,
|Mr. Stokeiy said, and will purchase and sell foods for export for its
lown account,—V, 163.
p.
The
stockholders at
p.
four
to
regular
common
*'
t
"yA,?f-Vf
y
This
i-V
the lattef^-Vy
1035.
'
to
as
,
mtinue to serve
::
V;.
\
V
as
-.- ■-■
''' '
Union Asbestos & Rubber Co,
o
'
—
■
''
163;;
INCOME
•Railway
Offered—Offering of
59,750 shares of class A Stock (par $1) was made Feb. 28
by Edward R. Parker Co.j Inc., at $5 a share. The off err¬
ing includes 3,000 shares already issued and outstanding.
from railway operations
Equipment and-Joint- facility
rents
Other
Total
Net
;
Tacbny-Palmyra Bridge Fo.^—Distributions—^
The
.
directors
on
Feb.
19
declared
dividends, of
the. .common, and. class. A stocks of no
par
75
cents:
Net
income
Income from
from transportation
operations—
$13^143,840
charges.,-.-.—.
i—
,
value, payable-': March 30
8,362
v
■
508,031
$185,952
3,497
$285,562
11,274
282,457
$114,999
381,292
$280,778
4,783
5,897
40,164
,
<
$393,929
315,301
profit
$100,197
$189,449
5,406
1
4,255
207,357
;
113,836
.
$4,311,705'
1,069,158
$72,798
Authorized
Common stock
837,998
$2,844,205
$4,012,464
1,137,597
Net
income
from
all
S0Urces__i
will
receive
"A"
pfd. stock
stock
(no par)
(par 10 cents 1
the
common
1,168,259
$3,242,547
-—:
$71,358
underwriter
net
proceeds
amounting
to
of
exercises
the
Minn.
(2)
sale
$562,500
follows: (1) $100,000 to
used to purchase premises
Outstanding
5,000 shs.
500,000 shs.«
—
as
$100,000
West, St. Paul,
4,950 shs.
tlncludes Fed. income and
excess
facil.
r
$13,133
profits taxes
2,500,000
his option
.of
in full company
the 150,000 shares of
intends to use the
company
reimburse
known
its
treasury for the
3200
Como
Avenue,
Approximately $25,000 for moving
expenses
as
1945
Union Trusteed Funds,
,
The directors have declared
Bond
on
March
20
Fund A
Union
to
shares;
Bond
Inc.—Declares ^Dividends—
the following quarterly
stockholders of
Fund
19
C
record March 9;
cents on Union
shares;
25
23
Bond Fund B
cents
on
Union
—V., 162, p. 2688.
7,500,000
NOTE—Operating expenses for January, 1946, do not include any
accrual for possible retroactive wage increases.—V. 163, p. 1036. Sr:;;.:
dividends, pay*
cents
on
Union
shares, 8 cents
Preferred
Stock
•
and
capital.
•
^
,
$920,569
-
;
500,000 shs.
moving from the site of its present operations to its new site;
(3) The remainder of said proceeds will be added to working,
$2,874,867
1946
•Includes charges for amort, of defense
.
$1,668,212
1,100,967
in
able
on
518,221
$388,031
expenses
proceeds
^
income
Fixed apd other
1.816,373
$470,465*
incotrie :
$7 cumulative
9,461.637
$3,875,161
436,544
investments and other Sources—
2,574,220
527,334
:—
PURPOSE—-If the
,
each
'
1942
'
$2,605,184
$462,102
profit
'
,
'
CAPITALIZATION GIVING EFFECT TO SALE OF STOCK
The
corporation has' organized a Sales arid Technical Division' to
,handle its - "Ceglin'* textile Finishes, ^::and in line with Its^custbinary
•sales policy on other products, will sell
directly to the trade in the
future.
Up until the present time Aridye, Corp. and Aqua-Sec Corp.
have been acting as sales agents for these finishes.
■
;
The corporation will maintain a technical staff to assist
.manufac
turers on'application procedure,
and under the new marketing arrrartgeraent salesmen- and/ technical men • will, operate -as ? a' unit, with*
offices at 122 E. 42nd St., New York
17,; N. Y.—V. 162, p. 3238. •
'
income
Total
31
,
'
$3,480,474
.
Other
OCT.
1943
-
1945
$9,035,992
4,340,484
820,347
(net)
sold——
$3,7-84,316
2,794,879
Operating profit
$31,526,034 $39,778,0$1
22,490,042 26,63^,211:
tTaxes
Total
Sylvania Industrial Corp.—To Sell "Ceglin" Direct—,
.
ENDED
1944
'
Sell., adm. & gen. *exps.
Lines)—Earnings—
:
YEARS
1945
.
<less: ■ dis-
counts, etc.)
Listing of Common
operating revenues—
operating expenses.™^
safes
Cost of goods
1946
STATEMENT,
.
.
.
The New York Stock Exchange has authorized the
listing of 475,376
(common shares (par $S), ail of which are issued.—V. 163, p. 233.
Railway
-
,
-y'v
■
Month of January—
plants,..; War .industries, Army and Navy training tamps
bases and for ships.
Today company has a complete line of products proved and ready
Gross
Frank Bownes who
its President and Treasurer.—V.
162, p. 3239.
'
%
the
'
Conn.<iBJ£Ke. company was established in 1909 by
-
acquire
,
Co. is engaged in the manufacture and
distribution of
varnishes.
It has a plant at Chelsea and maintains
at Portland, Me., Boston,
Lynn, Springfield and Worcester,
well as in PawtuckA, R. I., and Hartford and New Haven,
branches
Mass.,
to
serve. the
postwar market.
The postwar line includes blowers,
washers, coils, heaters, arid Grilles, which are known .as the "tools
of air conditioning," and these products are
usually sold as units to
be installed in a
system -(designed by architect-engirieers, engineering
firms specializing in the design of
air conditioning systems, or to
large ndustries.
Bownes
and
option
and
.
The
paints
an
plane engine
0"
company has acquired the Frank BoWnes Co, of Chelsea,
and will operate it in conjunction with Paint Engineers, Inc.,
wholly owned subsidiary, which manufactures industrial and specifi¬
cation paints^^ apd varnishes.
:
:
Net revenue
Surgitube Products Corp.—Stock
$4.50
(Excluding offsetting accounts between the companies)
special meeting held on Feb. 2i approved the
this. Company and' LadeL Conveyor
Manufacturing Co.
of
the
with
The nature of the business is the manufacture
and sale of a line
of cooling, heating, ventilating, air
conditioning and related equipment.
During the war company has largely been engaged'in essential work
for war industries,;
providing equipment; for munition factories, air¬
T
Inc.—Acquisition—^
Union Facific RR. (and Leased
name
last
on
corporation,
remaining 25%
of
the then issued and outstanding common stock.
This option was
exercised on April 20, 1938, and on
May, 1, 1933, the present Delaware
corporation took over the net assets of the predecessor Minnesota
corporation, and the Minnesota corporation was thereupon dissolved.
a
822,
Coy under the
sota
quarterly distributions
year, the company
stock
J
corporation, incorporated Nov. 24, 1937, as of that date
acquired all of the then issued and outstanding preferred stock, and
75% of the then issued and outstanding common stock of
the Minne¬
Mass.,
a
.merger- of
ipsrith ^oy Manufacturing
the
Unexcelled Mfg. Co.,
Sullivan Machinery Co.—Merger Approved—
:
t
governmental
on
(par, 10tf) ^aC
speculation. ^
l^Q Broadway;'
a
Delaware
piior preferred stocx, no par vaiue, was also declared,
payable March 15 to holders of record March 8.—V. 162, .p 3121.
This will include shipments from the
subsidiary to the British Empire, which are expected to be
when
addition
made
as
founded-lix 1933' !by
predecessor, United States Air Conditioning Corp. (Minn;), which "
primarily engaged in the manufacture and sale of fans and blowers
designed lor the ventilating and cooling of theatres.
The present ;
cumulative
.^ operates three plants in Canada.
iA.Canadian
In
8.
each
20, 1945, paid an extra dividend of 50 cents.
regular quarterly dividend of $1.12 Va per share
*
its
Feb.
on
Dec.
The
in the process of
export
»
yAsubstantial
March
cents
50
on
wholly-owned subsidiary- Stbkely-
large contract already has been signed with
The
$1.22
amounting to $332,509 hi
The stock is offered
Registrar and transfer agent, Corporation Trust
Co.,
New York, and 15 Exchange
Place, Jersey City, N. J,
HISTORY AND BUSINESS—The business was
21- declared a quarterly cash dividend of 75
share on the common stock, no par value, and the usual
dividend of .37lh cents per share on the $1.50 convertible
stock, no par value, both payable March 29 to holders of
per
.'9
that
:
directors
cents
(Damp, Inc.—Forms Export. Unit—
T^ls corporation is forming
.that others
y
*$1.40
—.
for preferred dividends
163, p. 822.
$4.50 per share.
1944
$1,056,429
Dividend—
The
record
William
Van Camp Export Corp., to handle foreign orders for the
parent; com1ipany's .line of food products, it was announced on Feb. 26.
•
At the same time; W. B. Stokeiy, Jr., President, disclosed
v
1945^1945
$1,318,468
Century-Fox Film Corp.—Increases Com¬
Twentieth
mon
JBoegley, Vice President in charge of plant operations.
Improvements
Include installation of ft modern counter-current
evaporator; neftr
tanks, pumps and transfer lines in stainless steel, and other equip-
:
•After providing
Digestive
production of pepsin, pancreatin, peptones and
replacement therapy has been accomplished by mod¬
bile salts used in
Calendar Years—
Earnings after All charges
Earmings per common share
.
,
in
ernization of'rthe rdigestive
poration's
1943
;
Judson
United States Air Conditioning Corp.—Common Stock
F. Breen,
New York, on Feb,. 27
Offered 150,000 shares of 'common stock
1945 and $199,302 in 1944.—V.
Sterling Drug, Inc. Enzyme Production 50%-
:
$383,090
187,857
109,319
"Deficit.—V. 163, p. 822.
V
,
Tubize Rayon Corp,—Earnings Rose? iri
■
"L
1944
$250,055
bperr income,;^
ry.
-1945
the
Offered—George
A
January-^*m.
at
.
1036.
p.
capacity
,
1931
joined Deering Milliken :ln 1937 and
became VioesPxesident of the company two
years later. * l
•.
-i.'r
In ..October, 1944,
Mr. Hawkins, on leave from Deering
%lilliken; >
became textile pricing executive for the OP A
in Washington,
Subse- ,
quently, he served as Secretary-Treasurer of the
Rayon Yarn Producers
Group.—V. 163, p. 948.
registration statement
issue of $7y360,000 of 2%.% - debentures due March i,
new
Union
1961.
thef SEC
filed v.with
executive
an
United States Rubber Co.—New
■
v-
a
The
company' announced
new
synthetic
buildings,
product,
of
on
Feb.
19
.
,
-
.
Product-4
that chemists
have
developed
rubber floor mat for theatres, hotel
lobbies, office
elevators,:, apartment houses and other floors.
This new
it was said, matches the quality of prew#r mats made out
natural rubber.-
/"
<
To Expand Facilities of Naugatuck Chemical
Division
To transform the: knowledge of chemicals
gained during wartinia
THE COMMERCIAL &
1204
.
■';/,/ /: .,,;r
iTi
fhrpducts
into
than
more
quality
increased
of
wui
$2 000000
be
Nauga.tuck
'■•:•
%•:*?>.",/ •/•.V'-w.
-
of
applications;
The
of
aeilOS Annually
.
all
which
of
are
This
1946.
laboratory and a
a
r.ew
pilot plant which, when completed, will increase laboratory and
pilot plant facilities at the chemical division by more than 50%.
Supplementing the laboratories now in operation at the Naugatuck
V
Ground
April for a
in
be broken
will
modern
new,
plant
t-vo
and
chemicals
Simultaneously with this new laboratory
development facilities will be enlarged.
plastics.
pansion,
process
scheduled
Also
in
construction
start
to
April
are
plant
a
Month of
rubber.
reclaimed
•
163,
'
-
revenues
railway
operating
expenses;
of
rubber
production
"'v
He has been Treasurer
office.
He
also
is
aRoruals/,;//■
tax
1,
since June
\
</
;
,
facility rents
accrued
dividends
Eankers
Total
for redemption on March 30, 1946,. all of
per share, plus
be made at the
of preferred stock at $52.50
March 31, 1946.
Payment will
Trust
Holders
prior
and
redemption
the
to
will
date
fixed
the
receive
v
.
♦Income
from
income—^.
due
full
\V
\
-"..'v
I
'
for
v
„
i'
/X*
V
T»
f*'\
"Vf
,
* o
1
-
" s\
i
',
-
shares
230,000
standing.—V. 162, p. 2521,
'
v"'"
J
Utica
e,
'
of
are
J,f* A
*
presently
\X,V
-h <
■' '(
~ ,-Ss
r
'
1
l
We are'Justly proud of
-
though
even
An
"
The stockholders on Feb.
shares to
the shares
*
A'dividend
,
Feb.
of
results
of
the
year's operations,
.
to
deducting
Federal
dividends of $1 each
Aug; 25 and Nov. 26, 1945.—'V. 156, p. 116(1.
Vick Chemical Co.
Net
share
cap.
per
1945
1944
/
/
;
taxes omTncome-i—6,500,000
dollar
$1,690,126
$2.75
of
$2.48/
of
sales
for
and
the
considerably below
10
past
1.34 cents per dollar
for
our
Net
years.
and foreign income and excess
profits taxes, charged against income for the 6 mos. ended Dec. 31,1945
total
$2,696,434.
'period.—V. 163,
J
•
i
•
.
*
"
•
with $2,831,646
compared
the
1944
' \ '
"
.'V
*~x,
v
i
'i'-.C
'
'V'
•
\
hogs.
The .New York Stock
3
Exchange .has authorized
■'
-
'
-
p. 697.
subsidies.
earnings
After
Visking Corp.—Listing of Class A Common Stock—
,
Nqw York Stock Exchange has authorized the listing of 549.000
shares of Class A common stock (par $5), now issued and outstanding,
i—v.: 163, p. 469.;
January—
Gross
Net
Net ry.
A
1946
1945
'$6,184,693 ■/ $7,663,656
.1,483,652/ .2,630,269
income—- ;.
614,360
705,344
railway,—
railway
oper.
,1943
$7,142,966
2,862,566
746,841
866,997
•
At
series
had
and
A,
been
1946.
At
the
interest
the
earned
the
cn
general
and
in
thereof
full
April
on
nated
of
ferred
1946,
to
shareholders
at
record
19,
21,:. 1944,
and
April 23,
on
the
at
1943.—V.
cn
March
dividend
a
payable
on
close
of
business
made on
were
business
of
declared
stock,
recotd
Similar distributions
1946.
and
common
of
close
the
1946,
outstanding
shareholders
common
'30,
of
April
on
the
on
163, p.
of
April
April 20,
697.
$1
•
War
Assets
Corporation,
Corporation,
announced
Finance
subsidiary
a
on-Feb.
,
,
at Los Angeles,
of
The
cafeteria
cost
of
building,
the
.estimated
The
fair
plant
of
with
land
and
value, is
will
manufacturing
i p.
Government
consists
be
two
a
floor
area
of
a,
factory
64,005
building
square
feet.
and
/
-
V
Cost
the/
of
of
activities
of
the
company's
Operating
Other
adjoining
plant
V
January—
'
r >
/
'
.
Int.
—__>_?/«
$2,695,874
1,789,557
expenses
operating
'/
______—
Operating
$3,108,287
1,965,625
$1,142,662
375,000
—__
income
Net
railway
605,000
$531,317
——
of
operating
income.,—
$585,824
31,089
31,605
$604,989
'
—
$617,429
229,936
Net income
>■.,
"Include
.
account
and. $85,243: in
amortization
of
defense;
creases
Prov.
for
that
retired
outstanding
1945
stock
$4.25
' $375,053
.
to
mechanical
the
preferred
stock
stock,
the
and
common
-
;/
use
the
—
A.
Oi'
;
/;
-1
■/
<30
anticipation of
50 Broadway,
/
International Division—
market in the
vastly; expanding
a
export fleldt,
international division with headquarters
an
New York,
according
Y.,
N.
President.
to S. E. Lauer,
James
C. Tweedell,
who has been Export Manager since 1935 and
Acting General Sales Manager during the war-pefciod, is now Manager
of the new division,—V. 163, p. 949.
\
Youngstown Sheet & Tube Co, (& Subs.)—Earningscalendar Years—
1945
Interest
funded
on
normal
excess
JReduction
Oct. 30/45
([Restoration
debt
3,044,853
/
3,126,000
5,604,000
prortts tax—
2,180,128
5,525,000
4,992,000
3,800,000
tax_,
5,850,000
(13,408,000
contingencies
$7,944,922
/1,675,008
$8,037,442
1,675,008
$4.31
2,326,397
Cr600,000
Profit for year
$7,512,250
Common shares outstanding———_
1,675,008
Earnings per common share——_ /:/•• $3.99
$4.25
♦After deducting charges for
and
sion
7,635,956
other:
and
________
income
to income of portion of / %//'•■ ■"Z//v"
for
reserve
1,880,467
3,247,305
1943
1944
in Federal income taxes Cr2,904,000
,
30,636,201' 28,130,156
-
.♦Profit from operations—$33,340,748 $34,429,347 $41,963,798
/Prov. for deplet. of minerals and for
12,929,298
13,199,959
deprec. of plants and equipment, §16,802,498
Federal
19,573,019
■
of
/ 1,961,797
for
maintenance and repairs of plants, etc.,
in 1944 and $1,650,000 in 1943 provi¬
giving effect to post-war credit and
credit for debt retirement. ■ / /
,.; /
- •
,
^/
after
for
deducting $1,600,000
contingencies.
(After
,
687,787%;/ 284,398
/
;.,j;
.,
consum¬
422,182,673 477,143,000 481,739,294
269,725
'
1945
1944
$1,757,602 $1,579,48S / $1,711,377
.317,262
283,871 Z
403,234
165,^19/^ 1U,047f; t 162,616
? /'
■
n
raUway
Federal
,
12,530,929
{
"•
■
<
1442.
p.
at
stock.
Oct. 28/44
3,244,666
*
<
near
as
alway*
alphabetical
alphabetical
exact
1946
this corporation has formed
the
fiscal year/ the
been elimi-
.
:
Pa.—
III, Vice President, has been named President.
A. P. McFarland, of Lisbon Falls, Me., has been named Vice President.—V. 162*;
In
50,698
at
ACCOUNT
27/45
/
in
always
are
.it- it"not
reasons
companies
arrange
However, they
much
have
The transactions
11,800,654
funded debt_,
U.
excess
5
(Due
to
of emergency facilities
amortization
accelerated
applicable
16,995
'•
years
and
'«
•
777,304
289,393
years.-—V. 162, p. 2689,
;/%
r-
foreign
i-xx,oo2
income
.
profits taxes
>
•
Yukon Consolidated Gold Corp.,
%.
lb^.^3
v
.o
/.
Prev.
earned
surplus
til,750,000
74,110
78,470
»8,600,000
66,609
7,353,791
27,119,243
7,403,182
21,655,063
36,258,010
34,473,034
29,058,245
2,908.512
1,501,518
London,
Adjust, prior years
l]76li901
Eng._.
—_v
—.
$347,754
Earnings
t" u
per
common
year_______
share—_____
McLeod, Secretary, on
season
343~lll
32,704,326
/ /
$1.64
IIIIH
..
—
31,221,408
/
$2.71
—
27 119,243
' $2.73
'After deducting :estimated debt/retirement credit <of $700,000.
«
tOver;
Ltd.—No Debt—
part:
11 said in
Feb.
<
*.
of 1945 gold production of $917,000 was
.
The year was marked by the retirement of
company
negligible
has
amount.
no
debts
the
with
Liquid reserves
proximately $1,000,000.—V.
/;
H290.265
.
surplus end of
E.
1,93^002
TExcess of cost
'
,
realized from
the operations of Dredges Nos. 3 (Klondyke River), 7 (Quartz Creek)
and 11 (Hunker Creek). Stripping was carried on at Nos. 1, 8 (Middle
Sulphur)
and 10
(Dominion
Creek), and;. one thawing plant was
operated, at No. 11.
/
/
The
—__i_
?1VS" u1)/6 TCUni' pfd'——
Earn,
C.
For the
% 5,036,602
31,221,408
earnings—
.
r
,
4,930,265
Minority int. in net income of subs,
'
•
,
738,900
9,198
1,569,735
deductions
S.
in-
wage
"
287,293
V
prior years. §Includes $3,486,636 accelerated amortization of emerg¬
ency facilities applicable to prior years.
f[To cover approximate effect
of accelerating amortization of emergency facilities applicable to prior
17,920,354
619 911
433,099
i/
retroactive
20,260,806
597,986
—;
for prior
269,675
projects: $2,600 in 1946
;
:
/
,
// ' , /"
1945.—V. 163, p. 698./ ; / V ,M/. /
Co,, Philadelphia,
Approved—
George H. Vlles, pf South Paris, Me., who has been President for
past year, has been named Chairman of the board, and Oliver
;
/
some
S
'
$
'
$
468,638,536 532.561,322 532,430,127
'
#
,
of
Drl4,599
$573,900
-
income
charges
,
__________
Leaseholds,
Fixed
.<■
■
debt—
Miscellaneous
Cr62,761
Drl3,500
-
$537,662
Cr56,083
(net).
income
Gross
V'."
income___________
Total
Other
therefore,
exps.» incl.
interest
2 Portion
Net
Equipment rents
facility rents
the
admin, expenses— % 28,739,750
and amortization—
1,940,518
on
1945
$906,317
revenue_^
—
Joint
Oct.
and ambrt. on
and
Net
Taxes
on
INCOME
Total inebme
Premium
1946
163,
v: /*.
to
137 "
'
-
;
the
have had the effect of increas¬
to 41 cents per share
income—
.
Moses,
in imoroving its capital
company
stock
and
Depreciation
levels.—V.
'
Insurance
York Corp.—Forms
of
of
divert
to
of common
fiscal year
freight-—
gen.
floor
<
Worymbo Mlfft Co., Rath, Me.—New President, Etc.—
Actual
Co.—Earnings—
revenues
♦Operating
the
oper,
^
right of all companies to
//:
required
was
cancellation
us
preferred
Taxes; other than incomei-.«_i.__;_«;
Other
Western Maryland Ry.
Operating
end
shares
additional shares
.
sales and
inbound
.
a
buildings totalled $275,776 and the present
$248,741.'/ '''-v, -• •>'
to supplement the
showcase and fixture
,
of
the
250,000
'
■
five
on
Insurance
—Y. 163, p. 823.
used
2260.
Month
115,818
'
Selling,
Agencies.
buildings,
Since
year.
issue of
Sales and oper. revenues
Calif.,-t othe lessee for $225,000, subject to the priority/
Federal
plant
new
Years Ended—
,
space
''
Net ry. oper. income——
(Including domestic and foreign subsidiaries)
Reconstruction
authorization
Fire
interest charges1 i_
•/sale of the aircraft components'plant operated by the Weber Company/
right
of
.
.
Penn
Net from.
-
We,
peace.
the
and
$6 preferred
CONSOLIDATED
Plant^-
the
of
11
time of
problems,
outstanding shares of $6
a
amount equivalent
.
Weber Showcase & Fixture Co.—To Buy
The
/
'
the recorded value of capital stock approximately $3,040,000 and
reducing earned surplus by approximately $4,300,000.
The various
steps taken during and subsequent to the fiscal year will reduce the
annual
preferred
stock
dividend
requirements by $868,000,
or
an
30;
of
f
Wisconsin' Central Ry.-rr-Eammgs—
ing
per
1
/ January—"
•Gross from /railway
Federal ;
in
or
April
on
.
the
March
on
1945,
7
1946,
19,
•
..
*
principally due
without, commen¬
of
per
payable
share
products -in
reconversion
after the end of
mated
the same meeting,
$4.50
for
as
Government Owned
period by the Willys Overland Motors, inc.,
a
single building on 6(4 acres of land. It
feet
position-as possible,
was
type of processing
same
approximately $1,260,000 of company funds.
the board determined that the full dividend
share on the preferred .stock had also been earned and
authorized payment of $4.50 per share on the
preferred stock to pre¬
•;
essentially the
324,783 shares of
of
by
issuance
1.
.////Ss/X
-
the
of
remaining
general mortgage 4% income bonds,
4(4%
income bonds, series B,
payment
however,
contracts has
merely enabled
products into civilian channels.
our
beginning
mortgage
authorized
earnings,
The company has made substantial progress
structure.
During the fiscal year 1945 the
of
that
of
more
shares
meeting of the board of directors held on Feb. 21/ 1946, the
operation for the year 1945 were considered and the board.-,
a
net
.-
'
declared
major
3,042,839
,
.
in
,
Government
no
163,
in
/;/'//%
Government
$7,686,229
Interest and Dividends Voted—
results
the
have
' ./
from
from
slaughtered
considering
war
par);.
sharp reduction/
a
animals
of
,
During the
for
RR.—Earnings—
1944
^y
caused
weight
for,previous
/
Wabash
was
dressed
-
,
war
within
NOTE—For
taxes, the net refund due for that year was rela¬
tively unimportant.
Provision has been piad* for possible renegotia¬
tion for 1945 on the same general basis as the
settlements concluded
,P The
no
'
_
costs and higher livestock prices
in
ceiling prices for our products,
;
shares
$118,064,338.—V.
Assets
square
possible
December, 1945, an agreement was reached with the Government
covering renegotiation of war contracts for the calendar year 1944.
.
:
order.
In
.
:
-
The
reduction
increases
surate
the listing of 40,000
cumulative preferred shares (par $100).-—V. 163,
The
higher wage
.;to
.V Victor Chemical Works—Listing of Preferred Shares
housed
is
///••.■
1.07 cents per
earnings per dollar
in 1944 amounted to.
Federally inspected meat packing plants in 1945 was approximately
less* than in the previous year, and the reduction was greatest
in
v*."'.- v.'■
' "
processed.
(2,001,163
total,
several
average
20%
.
,
livestock
all
corresponding
„
'
'
in
697.
p.
in
$32,704,326;
Commissioner and
Comptroller General, re¬
use the five-year installment plan
companies had in force in the State of Georgia find
had been approved during 1945 by Mr. Parker's predecessor.
'/ Z V: ',H/ , ... ■•
/ ; - >•. ''
*7,156,702
of sales.
'f,''Our"decline iri the volume of- sales
State
Federal,
stock
common
provided for in 1945.
or
earnings for 1945 were equivalent to only
sales
applicable
"last-in, first-out," $398,561;
production
War
467,000
the
♦After taxes, depreciation and other charges.
NOTE—Provision
parts
the
Georgia
voked
11,750^000
5,036,602
paid
wage increases
.
The,net
1942
-
$1,867,795
Federal, subsidies
of
of
The company has received the approval of the Georgia
Department
write five-year fire insurance business on the annual renewal plan,
new
11,536,602 ♦18.9C6.702
:
1943
$2,622,054
$1,866,564
' ;'' •
$3.86 '
$2.75
___/
profit
Earns,
foreign
income—
(& Subs.) —Earnings—
6 Mos. End. Dec. 31—'
♦Net
and
income
on
Federal and foreign
stock of no par value received
common
basis
charging 100%" of the premium year rate for the first year and 80%
for the
next
four succeeding
years,
It was announced Feb. 27 by
Wm. D. Corbett, Vice-President.
<•../.,-••
Earlier last month, effective as of Feb:. 26, 1946, Homer C.
Parker,
1944
468,638,536 532,561,322
before
taxes
♦Adjusted for retroactive
•
plant
which
Feb. 15, May 15,
oil
sales
Income
cents per
30
by
Operated during the
the
20.
The old
;
•
share was declared by the directors on
of thq increased number of shares, payable March 7 to holders
the basis
of
Net
•
class without
same
respect
on
were
1945
outstanding, on a basis of .four-to-one.
cost
Government $3,520,000,
lease
or.
contains
-- '
to increase the number of author¬
par value and to split
13 voted
260.000 of the
now
aircraft
Federal
'
ized
at
plant in Toledo, Ohio/ that cost the
is being placed on the market for sale
Corporation, a subsidiary of the Recon¬
struction Finance Corporation, the
agency designated by the Surplus
Property Administration to dispose of Government-owned industrial
properties in the interest of reconversion and continuous employment;
♦
;f
briefly summarized and com¬
pared with those of the preceding year, were as follows:
Mills, Inc.—Stock Split-up
Approved—-To Pay 30 Cents on New Shares-r-
valued
5-^Year Annual Renewal Plan
The
/.'
Plant for Sale
pany.
r
/
?
our
records
new
/
\
$10,022,595; accounts payable,
$10,451,455; accrued general and so¬
Willys-Overland /Motors, Inc.
or Lease—..
Nv
-yS-M
Edward Eos?
—
'
'V
.
banks,
inventories, $2,500,000; reserve
contingencies, $3,150,000; minority stockholders' equity in subsid¬
consolidated, $1,079,215; $6 cumulative preferred stock (274,085
accomplishments in the fiscal year 1945,.
P« 358.
not established in sales or earnings./;;
In addition to our particpation in the war effort, we made substantial
Wm.
/progress in many, directions in' building for the future of .the com¬
/
;
:
'
.
&
Co., Inc.—Annual Report
Wilson, President, states in part:
out¬
,
'
Mohawk Cotton
&
stock
common
Wilson
$1,003,660;. credit in
no
par), $19,177,503;
$18,400,855; earned surplus,
company
Approximately
1958,
inventories
shares
823.
k./' lZ'J
•'4
V
to
P* 234.
$604,077
$607,797
;
^
,
•
.
payable
iaries
;
contingent charges, i.e., capital fund, interest
mortgage 4^2%
income bonds, sinking fund
and other corporate purposes.—Y.
163, p.
/
'
V,*-.
charges—
*
general
on
r
amortization), $233,668; properties held
values) $419,978; deferred charges,
mortgage bonds. 3% "Scries, due April 1, 1958 (after
sinking fund
payment due April 1, 1946 of $1,003,660). $16,719,340; reserve for re-:
placement of basic "last-in, first-out"
$660,749
7,959
48^712
47,046
fixed
X
^
requirements
intends to use its own funds to redeem the preferred
stock, each share of which may. be converted into five shares of
common stock up to and including March 25, 1946.
•
The company has no funded debt nor bank loans outstanding and
after
redemption of the preferred stock will only have outstanding
ios common stock, which is listed on the New York Stock Exchange."
23,276
for
realizable
first
86,752
$678,119
:
reserve
estimated
for United States and foreign
on
income (after U. S; Treasury tax
notes, plus accrued interest
$9,959,813), $540,912; dividend payable Nov. 1, 1945, $411,004; sink¬
ing fund requirement in respect oi first mortgage bonds, 3% Series:"-,
$573,997
charges
after
♦Amount available
;
-
for redemption
redemption price
and including March 31,. 1946.
dividends to
accrued
The
to
Co., 16 Wall St., New York, N. Y.
preferred stock who present their shares
of
171', 465
$638,569
Z)r)_i.-
(net
income_L_
operating
(after
(at
taxes
108,523 V
39,550
railway
/Total income
/'Miscellaneous deductions
;
fcr
reserve
of
director and officer
a
163, p. 696.
(aftor
including payrolls,, interest,, etc.,
security taxes, $1,504,912; reserve
$749,261
175,264
$810,034
/ Other income
1927,
receivable
cial
108,293
l,076i649"
."350,000
•
sale
lor
Net
;
S. Government securities at cost, plus
refund
LIABILITIES—Notes
$2,042,726
' 97,120
rVH'"7,v...;;.
called
The-corporation has
outstanding shares
its
for
His elevation
Universal Laboratories, Inc.-—Calls Preferred Stock—
/
'
income__I_/L—
operating
Equipment and joint
k"
'
;
replacement
to
the corporation and
0-'a
J
OCT. 27, 1945
and
leaseholds
2,764,423*^■/;■ 2,926,357
^
railway tax accruals
Railway
-
t
Steel Corp.—Official Promoted—,
Edwards has been appointed Vice-President.
nearly 47 years of continuous service with
will continue to hold that
Ali other
'
\\
income
this
•";.. :l/f.\ ;•/•./.
accounts
$845,334; total, $118,064,338;
$4,969,083
$4,133,294
■
Railway
taxes
of Federal taxes due from U. S. Government,
arising
of "last-in, first-out" inventories,
$1,610,243; small
equipment,, long-term receivables, etc., $581,515; land, $10,/ /
072,249; buildings, machinery, cars, delivery equipment, etc. (after re¬
serves
for depreciation and amortization of
$25,572,431), $44,121,101; /'
1945
Net revenue fi'om
railway operations________ " $1,368,871
Railway payroll tax accruals
*
111,717
^
of several subsidiaries of the corporation.—V.
T
production
m
predecessor companies.
and
the
for
and .will'attain. full
v
'
States
Gordon L.
follows
its
plants
new
completed
948.
p.
V
/ "'
United
■
Two
been
have
'
operating
Total
for the manufacture
cf small
to house service de¬
partments, such as purchasing, traffic, industrial relations and safety.
Currently under construction is a new plant
which will provide
increased capacity for the production and handling of dispersions of
spring.—V.
$1,920,478;
tools
1946
railway
of
chemicals
January—■
Total
the
$1,569,735 in Federal
$2
CONSOLIDATED SYSTEM .'INCOME STATEMENT
rubber chemicals, another plant
volume products,
and a new building
production
to
Western Pacific RR. Co.—January Earnings—
ex¬
for
interest,
of
BALANCE SHEET,
ASSETS—Cash, $12,883,682; U
/accrued
(Including Sacramento Northeim Ry/and Tidewater Southern Ry..Co.)
the
in
reduction
doubtful
accounts of $187,884),
$18,230,583; inventories, $36,118,669;
annually on the old stock, on which $1.50 C; advance to affiliated company not consolidated (covered by net cur-»
paid during the last iiscal yeqr.—V. 163, p. 234.
' •- -• /rent assets), $175,000; miscellaneous investments (at cpst, less reserve)1
equivalent
was
installations
new
research
CONSOLIDATED
from
company's General Laboratories at Passaic, N. J.; these
will
provide
greatly improved facilities for
fields of
natural
ruober, synthetic
rubber,
organic
and the
is
share
estimated
an
income attributable .thereto,;
on
'
.
less
years,
$924,087;
"
•
/a cents per share.
to
([Retroactive
prior
voted'to call its 6% convertible pre1 »' *26-50 "» and tUvMends rf 1
The corporation on Feb. 20
'*•
for the production
tAfter deducting estimated post-war excess profits
$295,000
and
debt
retirement; credit
of
$720,000.
the' resulting reduction r in Federal taxes on income.
wage-increases, estimated at $1,860,000,
applicable to
of
§ Equivalent
/./'V ;;f.;1,/• i:?,
^. ^;y.
,
retired.
tax; refund,
/;,%/%:%//::/
the same time.-.the common stock, recently split two-for-one,
includes the construction of eight new-%/was placed on a $1 annual basis with the declaration of a dividend
expected ; to be in. operation beiore the
of 25 cents per share, payable April 1 to holders of record March 20.
program
securities
''
,/,
a „ni1„n,.
.
expansion
buildings
end
agricultural^ chemi^ls;
-d
,
,
Monday, March 4, 1946
,
< Western Department Stores Corp.—To Redeem Pre-
with almost Unlimited industrial and commercial
°
and to further general scientific research.".:*
••./•..
•.///'• At
plastics
new
.
ferred Stock—Split-up Shares to Receive $1 in Divi-
■
t®.Q_ lubber chem^
i^1'*
STlMSS5&
civilian use, • '
industrial- and
for
fP®"^toue3J®nnouneeKn Feb. 21
FehC012i
it was announced on
Chemical division,
by Herbert E. Smith, President. /
."This new plant vexpansipn/-!
•pany's
/
,
FINANCIAL CHRONICLE
at
all outstanding debentures.
of current items of
of the year were ap¬
exception
the
end
ljj>5, p. 195.
' : •
Zonite Products Corp.—To Pay 15-Cent
Dividend—
A dividend of 15 cents per share has been declared on the common
stock, par $1, payable March 20 to holders of record March 9.. In the
months.
years,
the company has been
In 1945, dividends of 2f cents
and
20,*—W.
past
few
Dec.
162,
p.
2521.
*
t
V
making
each
payments
were
paid
/ r///.'vv
each six
on June 29
/% <•' •*«
;
Volume
163
Number 4469
THE COMMERCIAL & FINANCIAL CHRONICLE
State and
V'
1205
City Department
B9ND PROPOSALS AND NEGOTIATIONS
'
ALABAMA
'
'
-
{WW
•
ARKANSAS
hi-
r,'j
i"
■
1
■
.
Birmingham, Ala.
I////
Bond Offering Details—In Conwith • the
offering
on
.
Notice
March
12
of
the
'
V
Los
,;■}'? *. £»"•».-'
''
(State of)
/ Bond
'
' j Errett, Auditor of the
Department
Payment— of
Water
and
Interest
Power,
-
school
1941
that payment of the follow¬
has
an¬
tric
plant refunding revenue, issue
ing items will be made at its of¬ of 1946 bonds
may be delivered at
fices, 123 South LaSalle St., Chi¬ the option of the bidder either at
cago 90: interest coupon due April the office of Bond Counsel
for the
1, 1946; $2,070,000 serial bonds
Department,
W o,od,
Hoffman,
due on that date, also $1,000,000
King & Dawson, 48 Wall Street,
term bonds (Nos. R3001 to R4000
New York, or at the office of the
inclusive) due on April 1, 1972,
Secretary of the Board of Water
vises that the bonds which mature
on
and after April
1, 1957, are
subject to redemption in whole, or
in part, in the inverse order of
Sacramento, Cal.
Angeles, Cal. /:///%'
Details — Clyde
Other
Offering
Halsey; Stuart & Co., Inc., are nounced that the
proposals to be
advising holders of the $127,688,- received until March 5 for the
000 highway refunding bonds of
purchase of the $19,750,000 elec¬
building
coupon bonds amounting to $3,120,000 —v. 163, p. 950 —C. E.
Armstrong, City Comptroller, ad¬
v
Of
■
/' >;/>
.<
Arkansas
neetion
:
': *»*'
1
Bids
$2,680,000
improvement of 1945,
municipal
series A bonds awarded
to
Feb. 19
on
syndicate/headed
a
by
Harris Trust
&
Chicago, at
price of 101.16,
a
the
Savings Bank, of
a
net
interest cost of
000
4s,
$925,000 as
as
0.917%, for $540,$1,215,000 as 3/4S, and
Is—v.
also received the
Bidder
;
163, p. 1079—
following bids:
Price
"
Bid
,
their
numbers,
on
interest
any
,
payment date
on or after
April 1,
payment of the par
value thereof and accrued inter¬
19.56,/
upon
est, plus1;
premium
a
and
called
strong,\
City
nounces
Arm¬
E.
'Recommend
an¬
money • is now on
with
the
city's
New
fiscal agent, the Chemical
on
1
The Post-War'
Feb.
bond
-
tee
York
place of
reception in Los Angeles at or be¬
the City Council that an election
be called to submit to the voters
Bank & Trust
Co., 165 Broadway,
N. Y., for
the, purpose of paying
the principal and full amount of
•
livered at the designated
Election -i*-
Advisory Commit¬ fore the hour of
deposit
■
and Power Commissioners, Mu¬
nicipal Water and Power Build¬
ing, 207 South Broadway, Los
Angeles, Calif. *
Sealed proposals must be de¬
Berkeley, Cal.
that
Comptroller,
redemption
1
CALIFORNIA
by the bonds called.
Debt Dedemption—C.
-
^.";vv":"■ Vvv:
equal to six
months' interest at the rate borne
>
for
April 1 next.
on
issue
an
unpaid
interest
coupons: on
various outstanding bonds
aggre¬
gating $1,127,000 and maturing on
April 1, 1946 and later dates up to
and
including Oct. 1, 1946.
of the bonds
ers
are
Hold¬
requested to
promptly forward them
above-mentioned paying
to
the
agency
for immediate payment.
'
Florence, Ala.
Bond Sale—The
following series
of 1945, refunding bonds amount¬
ing to $1,241,000 and offered for
sale
Feb.
on
25—v.
163, p. 950—
syndicate com¬
posed of Shields & Co., of New
York, Mullaney, Ross ,& Co., of
Chicago, H. V. Sattley & Co., of
Detroit, Robinson-Humphrey Co.,
were awarded to a
of Atlanta, J, M; Dain
Minneapolis,
Municipal
'Investment
& Co., of
Bond &
Co.,
of
Memphis;
Alvis, of New Or¬
Kingsbury &
leans, Bullington-Schas & Co., of
Memphis, and the W. R. Stephens
"Investment Co., of Little Rock, as
l%s, at
price of 97.545,
a
15, from 1946 to 1970.
268,000 school bonds. Due Dec,
15, from 1946 to 1970. :
144,000 water works/ extension
bonds.
'1
-h
:
' ° V
V-.Vv
to
l"; 3 ■ 1
County, San Pablo
1966.
The
the
next
Due
Dec.
15,
from
1946 to 1970.
Voted
An
—
issue
of
disposal
plant
bonds
amounting to $4,000,000 was fa¬
vorably voted at the election held
sewage
on
Feb. 5.
Los
'
>
Angeles County, Garvey School
District (P. O. Los Angeles), Cal.
Other Bids—The $140,000 school
bonds awarded on Feb. 13 to the
highest
American
5.
Angeles County County Sanir
Bonds
ings Association, of San Francisco,
at a net interest cost of 1.334%.
Dated Mar. 1,1946. Denom. $1,000.
These bonds are due $10,000 in
was
(EST),
p.m.
tation Dist. No. 203 (P, O.
Los Angeles), Cal.
'
p. 824—was awarded to the Bank
of America National Trust & Sav¬
to
March
on
Los:
•
bonds amounting to $200,000 and
offered for sale on Feb. 18—v. 163,
1947
(PST),
designated place of re¬
in New York City at or
a.m.
before the hour of 1
Sch. Dist. (P. O. Martinez), Cal.
Bond Sale—An issue of school
bidder
10
the
ception
bonds
*«
at
or
Bank
Trust
of America National Trust
&
Savings Association, of San
Co., San Francisco, at a net inter¬
Francisco; as l%s,' at a price of
est cost of 1.398%.
101.806, a basis of about 1.33%
-—v. 163, p. 950—also received the
El Centra, Cal,
Plans Early Sale—The following following bids:
Price
bonds amounting to $375,000 that
carried at the ; election held
on
Jan.
Bidder
Heller,
probably be placed
the market about March 1:
on
Co.,
Youngberg, and.
Barret, Fitch & Co.,
VI jointly
••
•
•
>
Blyth
&
Wm.i R.
Co.,
&
Bond
civic
district, presently outstand¬
ing in the amount of $34,200,000
Co.,
Co.,
-
and
4
-
Jointly—
VAs rU
,
Election
center
An
—
bonds
$300,000 will be submitted to the[
voters
and due
at the election to
be
Dean Witter &
bonds.
Due
improvement
c
Dec.
15,
1946 to
1970.
Dated
ination
bidder
Dec.
15, 1945.
Denom¬
$1,000. The next highest
Co.,
■
and
Equitable Securities Corp.;
*
jointly;
;
For $2,680,000, Is w
-100.036
(Net interest cost .996%.)
San Mated County, Sequoia Vnion
High School Dist. (P. O. 'V//
Los Angeles), Cal.
/>/ /./:•--
.
con¬
struction bonds amounting to $1,-
be submitted [to the
500,000 will
on
the election
at
March
to
heid
be
19.
City),
Voted—The
*°Boids
'|pnd$
amounting
held, !wem!favorab(ly
Cal.
following
$1,750,000
to
voted at the elec¬
•
.
"
the Commerce
was
Union
Bank, Nashville,'Cumberland Se¬
ttles Corp., NaShville,
Watr
kinsT~Morrow & Co., Hendrix &
Mayers, M. A. Saunders & Co.,
; Cadey & Co.. M. B.Vick & Co.,
McDougal & Condon, and Jack M.
Bass & Co., jointly, for l%s, at a
price of 97.41. Other bidders Were
as follows:..
/
r
'
.
Bidder--
.
Price
.
v
■
8
Commerce, Uniori Bank.
'/"Nashville,
Shields &
t
and
:
.
-
Rate
'
-
Bid
•
,
Associates.^.% 2<fc
Co., and Associates
and Associates...
Marx & Co.,
100.33
2% '
99.327
2%
99.25
<
i
in the various counties / in
the district, which
include San
Francisco, Marin, Sonoma, Napa
ham), Ala.
erty
?
Warrant
Offering
Details
—
,i
March
15, of the $3,000,000, not
exceeding 2% school warrants, re¬
port of which appeared in
1079,
v.
163,
are advised that all
having stated
maturities subsequent to the expiration
p.
;
In
on
we
warrants
of the
the
10th year
redeemable
are
^County
at the
year
after their date,
at
Board
the
of
option
Education
expiration of the said 10th
or
on
accrued
interest payment
any
date subsequent
thereto, at
interest
and
a
par
borne
plus
premium
equal to 12 months' interest
rate
of
at the
by the warrants.
for sale
—were
of
San
Feb.
18—v. 163, p. 824
awarded to Weeden & Co.,
on
Francisco, at
a
price
of
(except a small part), Mendocino
100.041, a net interest cost of
(excluding the large but sparsely
as
follows:
for
$9,000
settled lumber areas);/ and Del 1.38%,
Norte.
While the ad valorem maturing $3,000 Mar. 1, 1949 to
1951
as
XV2S, $30,000 maturing
taxing power will proBably never
March 1, $4,000 in 1952 to
1956,
have to be exercised, the bond
house says,. consideration of the $5,000 in 1957 and 1958 as iy4s,
and
$21,000 maturing March 1,
District
as
a
municipal y credit
$5,000 in 1959 to 1961, and $6,000
shows how valuable
•
this
Referring
to
extra
in
would
be, if needed.
Operations of the
,
1962
1V2S. Interest M-S. /
as
"
An issue of Indio School District
bonds amounting to $235,000 and
in the recent fiscal year, the
also offered
study states as follows:
span
'[connection with the offering
Colo.
1944.
County Sch. Dists. (P. O.
Riverside), Cal.
Bond
Sale—The $60,000 Mid¬
land SchObTDtstrict bonds offered
unlimited ad valorem taxing pow¬
er on all real aiid
personal prop¬
protection
Jefferson County (P. O. Birmtng*
election' in
.// "The fiscal
1945
decisive
was a
tory
of
ended June 30,
year
the
one
Golden
in the his¬
Gate
Bridge.
Traffic in that year stood at 4,783,-
645, producing,1 ait present tolls,
of
revenue
a
$2,730,7fL [[With the
additional
$40,000
received
in
non-operating income,-this is a
sufficient
annual
ing with present
all
expenses
bonds.
1945,
that
day,
without
cash
the
reserves
bond
life
on
start¬
to meet
of
the
July
payments
1,
due
nearly $1,550,000,
counting the tWo special
were
reserves
General
and
over
Cash
after
revenue,
reserves,
Fund
maintained
for
self-insurance,"
•/V
in
the
depreciation
/;'%%//,:■
v;
'V;\.
'v'
Feb.
on
1946.
issue
is
highest bidders
Bidder
i
March
were
The
as
Co.,
1,
follows:
Ca.,
$235,000,
-
-*
University of Colorado (P. O.
Boulder), Colo.
f- Bond Offering — D. W. Bray,
Secretary
on
Board
of
receive
will
sealed
of
bids
Regents,
until
11
March 15 for the purchase
$2,950,000 not to exceed 2xk%
revenue
v
dormitory build¬
bonds. Dated May 1,
coupon
Interest
$1,000.
M-N.
Denomina¬
Due $22,000
Nov.
1,
$59,000 Nov. 1, 1959, $60,000 May
$60.000,;iy>s _l„_^iO().03
Weeden &
the
1956.
Bids
lished
by
to
These bonds
the
be
the
■
;ly2s -.__.^il00.44
of
pub¬
Regents.
issued for
be
to
are
over
forms
on
Board
of
purpose
the
money
raising funds
for
the erection and furnishing of ad¬
ditional dormitories and refector¬
ies and service building connected
therewith; at
the
University
of
Colorado, and for the purpose of
refunding an outstanding ./issue,
aggregating $400,000, of The Re¬
of the
Man's
rado
University of Colo¬
Dormitory Building
Refunding/ bonds, dated
1941/
The
to
successful
the
Regents
Nov.
1,
furnish
will
bidder
the
ap¬
proving
legal opinion of Dines,
Dines & Holmes, of Denver.
Any;
bidder may condition his accept¬
ance of delivery of the bonds up¬
on the additional approving opin¬
ion of any other bond attorney of
his selection; such additional opin¬
ion, however, to-be obtained at
the expense of the bidder.
These
bonds are to be special obligations
of The Regents of the University
of Colorado, a body corporate un¬
der
the
Constitution
and
laws
of
the State of Colorado, payable out
of the fund to be derived from the
be
erected
and
other
with
the
buildings to
raised
funds
from these bonds and the.net in-:
of
come
the /
men's
dormitory
building erected with the proceeds
of the bonds refunded by the Re¬
funding bonds described above,
supplemented with the net income
of the women's dormitory and re¬
fectory after payment of the out¬
standing Women's Dormitory Re¬
funding bonds dated Jan. 1, 1937,
fund
such
to
be
known
"The
as
University of Colorado Dormitory
Building Fund," but without lia¬
bility or obligation,
otherwise.
The net income, as described, will
be pledged by the Regents to the
payment of .these bonds with the
under
interest
thereon
ture
be executed
to
inden¬
an
with
a
cor¬
porate trustee in Denver, Colo., to
be selected by the Regents.
En¬
close
a
certified check for
$50,009,
payable to The Board of Regents.
CONNECTICUT
New
London, Conn.
$300,000
Note Sale Details—The
tax notes sold
on
Feb. 7
at
a
dis-
1, 1960, $61,000 May and "count of 0.47%—v. 163, p. 950—
$62,000 Nov. 1, 1961, $62,000 May were sold to the First National
Bank of Boston.
and $63,000 Nov. 1, 1962. $64,000
These notes are
and Nov.
'
,
disposal plant bonds amount¬
ing to $30,000 will be submitted
to the voters at the election to
be held on April 2.
1949, $25,000 May and $27,000
Nov. 1, 1950, $28,000 May and $37,000 Nov. 1, 1951, $38,000 May and
$50,000 Nov. 1, 1952, $50,000 May
and $52,000 Nov. 1, 1953, $52,000
May and $53,000 Nov. 1, 1954,
$53,000 May and $54,000 Nov. 1,
1955, $54,000 May and $55,000 Nov.
1, 1956, $56,000 May and $57,000
Nov. 1, 1957, $57,000 May and $58.000 Nov. 1, 1958, $58,000 May and
next
the
bid,
provides
of
refectories
sew¬
1,
Price Bid
..
Wm;-R. Staats
For
dated
Jan. 25.
1948, $23,000 May and $25,000 Nov.
M-S.
Denom. ; $1,000.
to
erage
tion
1V2S, and $50,000 maturing $10,000
1, 1962 to 1966 as l^s. In¬
The
upon
,
net income of the dormitories and
1946.
March
Each
on
Littleton, Colo.
/ Bond Election—An issue of
ing
Association, of San Francisco, at
a
price of 100.157, a net interest
cost
of11 1.39%,
as
follows:
for
$185,000 maturing March 1, $10,000
in 1 1948, $15,000 in
1949 to
1957, $10,000 in 1958 to 1961 as
terest
election held
interest
Savings
con-^
amounting
$75,000 was favorably voted at the
of
18—v. 163, p.
bonds
struction
a.m.
824—was awarded to the Bank of
America National Trust &
For
■
Bonds Voted—An issued of
Riverside
responsible
cost
gents
I Redwood
made
lowest
the
entire life of the issue./ Where
interest and
bid
price are the
same, the award will be made to
the one who specifies the lowest
call premium on bonds called lor
redemption on or prior to May 1,
total
a
cured by revenues derived from
the operations of the
facility, the
bonds are further secured by an
maturities.
be
i.e., the
which interest and bid price
one
Co.,
Chicago,
JBraun, Bosworth & Co.; Inc.,
V
will
considered,
Northern Trust
-
pub 1 i
accrued interest to
It is permissible
specify different rates of inter¬
highest
'
/ 605,0.00
required to name the low¬
est for different
on
called
are
award
serially until July 1,1972,
April 9.
tion held on.Feb. 26:
splendid example of the soRedwood City, Cal.
Ijyn J 600,000 Bedwood City Elemen"double-barrelled
secur¬
Plans Bond Offering — R. S.
tary School District bonds.
ity," it is stated by Heller, Bruce
Dodge;- City Treasurer, has an¬ '1,150,000 San Mateo Elementary
& Co., of San Francisco and New
nounced [that an issue of $200,000
School District bonds.
I •); \t
l'7n
,>"r
r'.
;t'
York, in a study just issued and public works bonds is Scheduled 'J-h'y
devoted to past financial opera¬
COLORADO i
to be sold on March 20.
These
tions of the bridge and future
Denver County, Alameda Sch.
bonds are part of the $998,000 is¬
prospects. In addition to being se¬ sue authorized at the
Dist. No. 52 (P. O. Denver),
November
are
not
than par and
to
Amefican Trust Co.,
•San Francisco,
of
amounting to
or
of
date of delivery.
San-Mfateo County Sch. Dist. (P. O.
issue
prior to May 1,
to exceed 1%
thereafter.
Bid¬
on
bonds called
•
voters
.
100.148
May
est interest rate in multiples of
of 1%./ No bid may be for less
Commerce Union Bank,
Nashville, and
'
WylE/Hutton & Co.;
jointly,
For $2,680,000, Is
100.16
(Net interest cost .9846% .)
Blyth & Co;, -
Bond Election—An issue of
10Q.253
after, and
1956, and
ders
Hemphill, Noyes & Co.,
Eldredge & Co.,
,
Monterey Park, Cal.
>
the
'I Va
premium of
a
1, 1951, of not to exceed lx/2% on
bonds called for redemption there¬
on
C; J. Devine & Co.,
Bid'
101.002
■
Staats
Redfield
York,
-
,T /
-
..
.
interest, plus
for redemption on or prior to
*
Chemical Bank & Trust Co.;
New
lb66, $70,000 May and $71,000
1, 1967, $71,000 May and
$72,000 Nov. 1, 1968, $73,000 May
and $74,000 Nov. 1, 1969, $74,000
May and $75,000 Nov. 1, 1970,
$75,000 May and $76,000 Nov. 1,
1971, and $276,000 May 1, 1972.
Subject, however, to call and re¬
demption, at the option of the
Regents, in inverse order of ma¬
turity, on any interest payment
date after not less than 30 days'
published notice at par and ac¬
1,
Nov.
not to exceed 2% on bonds called
Is
—100.049
(Net interest cost .97%,)
-
$67,000 May and $68,000 Nov. 1,
1965, $68,000 May and $69,000 Nov.
crued
c;
,,
For $2,680,000,
and
Weeden &
Golden Gate Bridge and Highway
District, Cat.
of
&
Rate
Kemp & Co.,
-Jointly
:_V~
,
$140,000 water system bonds.'
235,000 storm sewer system bonds
Study Prepared—Bonds
Bruce
w
Thomas
will
29
J
_
Stone &
•
above
$224,000 general bonds. Due Dec.
.
of
Contra Costa
basis
a
of about 1.956%:
recommended
improvement
amounting to $2,911,000.
•'
all
13
Glore, Forgan & Co.,
John Nuveen & Co.,
"
Kalman & Co.,
,
Cruttenden & Co.;
$66,000 Nov. 1, 1964,
000 May and
.
,
The
—
May and $65,000 Nov. 1, 1963, $65,-
due
on
May 17, 1946.
i.1
1206
The
THE COMMERCIAL & FINANCIAL CHRONICLE
Travelers Insurance Company
(P. O. Hartford), Conn.
Portfolio Offering — The
pany
is asking for sealed
georgia
Monday, March 4, 1946
Chicago Sch. Dist.
but
No.
North
tioned. Said bonds, shall be the di¬
64, III.
Bonds Voted—Art issue of
Georgia (State of)
otherwise
shall
be
uncondi¬
con¬
rect obligation of the City payable
Supreme Court Rules 011 New
struction
bonds
amounting ' to out of unlimited ad valorem taxes
Constitution—Validity of the new
to be levied and collected on all
(EST) on March 14 State
$210,000 was favorably voted at
constitution, ratified in a
for
the purchase of 26 lots of
the election held on Feb. 9.
y: ■ of the taxable property within
special election last August, was
bonds of various States and mu¬
said
City.
Enclose
a
certified
upheld Feb. 20 by the State Su¬ Orange Township (P. O. Martins¬
check for 2% of the bonds, pay¬
nicipalities having an aggregate
preme Court in decisions involv¬
ville), III.
able to the City,
par value of $9,947,000.
ing 1 school
bond
elections
in
Bonds Voted—An issue of road
Clinch and Walker counties.
.k
Rush County (P. O. Rushville),
improvement
and.
machinery
In the case of W. E. Wheeler
bonds, amounting
Indiana
florida
to $6,000 was
against the Board of Education, favorably voted at the election
Bond Sale—An issue at county
Apalachicola, Fla.
County Commissioners and Tax held on Jan. 29.
hospital bonds amounting to $390,Seeks Partial Refunding — The
Collectors of Clinch County, the
000 and offered for sale on Feb. 26
Pleasant Hill Township (A £)<
City Council recently requested
-~v.. 163, p. 1079—was awarded to
high court held: (1) The new con¬
the' Circuit Court for permission
:07.cv; Pleasant Hill), III.
stitution is not an amendment to
'to refund $167,000 of an original
Bonds Voted—An issue of $15,- the Northern Trust Co., of Chi¬
the old constitution but is a com¬
cago, and the Indianapolis Bond
-issue of $187,000 5% sewer and
000 road improvement bonds was
& Share
pletely revised or new document;
Corp., of Indianapolis,
water bonds of 1938.
favorably voted at the election
(2) it is a valid new constitution; held on Feb. 12.
jointly, as Is, at a price of 101.16,
"
k
Duval County (P. O. Jacksonville),
a
basis of about 0.88%* rDated
(3) it does not abolish local school
Florida
districts or local school trustees,
March
indiana
1,
1946.
Denomination
To
Issue
Certificates
The neither does it
change or alter the
$1,000.. ; These bonds are due on
Brazil School City, Ind. k;k
County Board of Commissioners status of laws with reference to
July and Jan. 1, from 1947 to 1964.
Bond Offering—Don P. Carpen¬
on Feb. 12, approved a proposal to
local school bonds.
Other bidders for
until
com¬
Thompson Sch. Dist., Iowa
construction
bids
of
amounting
bonds
r
~
issue
Defeated—An
Bonds
to /
■
$6,000 was defeated at the election
noon
held
recently. #
J?-r? ,:v-:'v;
^ •?'<
School
Iowa
District,
Sale—The
Bond
7
■
Buffalo Consolidated
Titonka
,
..
,
.
build-.
$50,000
,
ing bonds offered for sale on Feb:
26—v.. 163, p. 825—were awarded
to the .Titonka Savings Bank, as
iy4s,.at a price of 101.00, a basis
,
u,
of
1.154%.
Dated
■.
National
Moines
Feb.
due
are
&
Bank
Trust.
for 1^4s,
Co.; Des Moines,
price of 100.97.
at
£t.
^
-
.
fr
1,
Nov.
on
The next;
IOwa-Des,
L from 1947 to 1965,;
highest
bidder
was
.
.
about
1946. These bonds
y
-
kansas
—
•
1% bonds, were
-
construct
immediately a $500,000
the present County
addition
Court
House
and
finance
to
the
project by the issuance of certif¬
icates
ble
:
*
*.
^
.
redeema¬
5-year period.
^
Homestead, Fla.
* Bond
•;
indebtedness
of
over a
Call
E.
R.
—
Edwards,
City
Clerk, has announced that
outstanding 2%-5% series of
1937, refunding bonds of the issue
of $980,000, dated Oct. 1, 1937, are
called tot payment on April 1.
Denominations
$1,000 and $500.
all
These
mature
bonds
1967 and
Oct.
on
1,
numbered from 1 to
are
1,000. Said >bonds will be paid on
presentation on or after April 1,
1946, with all unmatured interest
coupons attached, at the Irving
Trust Co., New York City.
Inter¬
est
ceases
on
date called.
.
Fla,§M||||
Key West,
Bond
Call—Roy Hamlin,-; City
Clerk, calls for payment on April
1, 31/4, 3%, 33/4, 4 and 4y4%, elec¬
tric
bonds
revenue
Nos.
35
to
1,500,I amounting to : $1,466,000.
Dated April 1,1943. Denomination
$1,000.
These bonds are due on
April 1, 1947 to 1973. Payment of
principal and required interest
premium will be made upon pre¬
.the
of
sentation
bonds
accom
panied by all interest 3 coupons
maturing on and after Oct. 1,
1946, at La Salle National Bank,
Chicago, or Miami Beach First
National Bank, Miami Beach. In¬
terest
ceases
on
date called.
-
high
Miami Beach,
V*
bonds; amounting
to
were defeated at the election held
Feb.
26, due to the lack
majority that participated:
on
of
$500,000 auditorium bo
;
750,000 hospital bon
600,000 Firestone estate purchase
?
-bonds.
'i
provement of 1946 bonds, not ex¬
ceeding
21/2%
interest. ; Dated
March 1, 1946. Denomination $500.
Due $5,000 Jan. 1, 1952, Jan. and
rate shall be named
!
Election
Bond
bidder
District
Beach
to
School
bonds.
—
interest
their
No.
41
50,000
;
bonds.
Seville
bonds.
■
District
1,
,
Williston, Fla.
7— Belle Lyman,
City
Clerk, has announced a that the
City has drawn by lot and calls
for payment on April 15, at par
and accrued interest, the follow¬
ing
refunding
bonds
of
1942,
amounting to $12,000:
•:
:*^$11,000 series A, bonds Nos. 32, 41,
43, 53, 61, 64, 88, 89, 90, 96
and 108. Denomination $1,000.
500 series B, bonds Nos.
nomination
mitted
<
date called.
the
bonds
-
Election—An
issue
gymnasium and equipment bonds
amounting to $40,000 will be sub¬
to
the?
to
election to be held m
an
These bonds car*1
future.
near
ried at the November election in
1945, but were declared illegal due'
to a technicality in the publication
of the election notice.
'
* »■
,
5f. Francis,
;
Kan.-
•
Bonds Voted—An issue of air-;
v
port bonds amounting to $25,000.
favorably voted at the elee-.
was
tion held on Jan. 2.
Wakefield School District, Kan*
Bonds to Be Issued—An issue of-
of
an
election held recently.
of
mitted to the voters at the election
voters
on
■
City.
kentucky
Estill County (P. O. Irvine),
Bond
Redemption — W.
an
for
ceive
1%
sealed bids until 2 p.
as
bonds
Chicago. The
Controller shall be author¬
funds
deliver
as
2V2S, and $230,000
2%s. Denomination $1,000.
funds
Plan
as
not
Approved
construction
of
to
be
in
terest cost to
termined
City, to be de¬
by computing the total
on
maturities
the
all the bonds to their
and
deducting
there¬
from the premium
bid, if any. No
bid for less than the
par value of
such bonds plus accrued interest
144, III.
to date of
the election to be held
rate named in the bid will be
provement
160,000
Mar. 8:
and
sidered.
im¬
the
bonds.
construction
lA
has submitted his bid in ac¬
cordance with the notice of sale.
The highest bidder will
be, the
one who offers the lowest
net in¬
following
bonds amounting to $170,000
ceases
on
March It.
Laurel, la.
Bond, Election—An issue of mu¬
nicipal y w a t e r works bonds
amounting to $9,800 will be sub¬
mitted to the voters at the election
$14,000 fire
bonds,
multiples of
con¬
Bids
may be subject to
legality of the issue' as deter¬
mined
bonds.
delivery at the interest
by
the
bidder^
attorney,
con¬
bonds
amounting
to
$300,000 will be submitted to the
voters at the election to be held
to be held on March 11..
coupon
who
Election—The
purchase
struction
,
Pottawattamie
County (P.
Council Bluffs), Iowa
:
Election-^An
Bond
0. \;
of
jail
construction
bonds
amounting to $300,000 will be sub¬
mitted to the voters at the pri¬
mary
election
to
be
held on
June 3.
<
Bond
works
1
\
Rhodes, Iowa
,
Sale -^The
bonds
offered
>
Feb. 26, were awarded to
bourne
Savings-Bank,
sale
bidder was the
-
Court
that,
•
all & outstanding
and bridge
1940, dated
Co., Chicago, with April 1, 1946,'
all
and
subsequent interest
eour
Interest ceases on
attached.
date called.
^Holders of the road and bridge
bonds, issues dated July I, 1922,
April 1, 1924, and April 15, 1925,
advised
available
that
funds
the office
at
will be
of W. L.
the above-described issues due on;
April 1,1946, -aftd any date priorv
thereto, and all interest coupons
and interest accruals due thereon..
paid' V
to April;
No interest shall accrue or be
on
the bonds subsequent
1,1946.;
t
The bonds,
v
-
s>
together with ap¬
purtenant interest: coupons, s may
be presented for payment to the
Finance
Local
Frankfort
on
and
Officer
after
:
)
>
t
f
!
f
at
through
regular banking channels. ^ • In-.
terest accrued subsequent to the
maturity dates of past due bonds*
will be paid to April 1, 1946, at
the contract'rate of 5%v " "
•
1946,
either
directly
v;
1J
April
y
or
^Letcher
;
'
•
County (P. O. Whites*
Vv
Bond
burg), Ky.
Offering
—
p
Astor Collins*
f.h
County Clerk, will receive, sealed*
bids
until
11
a.m.
on
March
12-
for the
purchase of 2y2'% road and;
bridge refunding of 1946- bonds,
amounting to $651,000. v:<
Dated April 1,
,
1946. Denomina¬
$1,000. Due April 1, 1986. Op¬
tional for redemption at par plusaccrued interest on April 1, as fol¬
lows: $15,000 in 1947 to 1951, $20,-'
tion
Selma School District, la.
Bond
Election
—
An
issue
of
construction
bonds
amounting to $10,000 will be sub-
gymnasium
mited to the voters at the election
to be held
on
March 11.
000 in 1952 to
to
1965,
1961, $25,000 in 1962'
and $276,000 in 1966.;
These bonds
are
to be sold for not
.
'"
3
1
Knuckles, Jr., State Local Finance
Oficer, Frankfort, Ky., ori Aptil
1, 1946, for payment of the prin¬
cipal of all outstanding bonds of
the Mel¬
i, 1947 to 1958.
Sparks & Co.
•
April 1, 1940, are called for pay-1
ment on April L at par and ac¬
crued interest, ai^the Continental^ ■;
Illinois National Bank & Trust.
on
of Mel¬
bourne. Dated May/1, 1946.
De¬
nomination $500. These bonds are
due $500 on Nov.
The next highest
,
Astqr Collins,
Clerks j has an- ;
,
$6,000 water
for
(A (X Whites*
—-
2y2% and 3% road
refunding bonds of
State
issue
county
qualified bidder
-
,
Normal Elementary Sch. Dist.
site
k Bond Election—Art issue Of
—
exceeding 2% interest. ; De¬
$500. Due $500 June
15, 1947 to 1960. Rate of
interest
$ 10,000
Iowa
k
the First National Bank, Martins¬
Said bonds shall be award¬
ed to the highest
Feb. 5.
on
City Independent Sch. Dist.,
ville.
improvement bonds amounting to
$25,000 was favorably voted at the
2%
A ' '
Principal and interest payable at
Bonds Voted—An issue of road
No.
1
.
1%, and not more than one rate
should be named by each bidder.
Gray Township (P. O. Grayville), III.
Bond
'
of
super¬
..
on
Offering
interest
The
—
a
highway.
election held
heeded.
County
rtounced
are
Iowa
on.
burg), Ky.
Bonds Oalled
pons
con¬
March 11.
nomination
Advisory Com¬
mittee has approved the plan in¬
volving the issuance
of
bonds
amounting to $70,000,000 to fi¬
nance
on
to sell and
in parcels
and Dec,
Highway
-
are
or
warrants
11 for the purchase of
County (P. O. Chicago), III.
Bond
needed,
fighting equipment
:
Bond Election—An issue' of
bonds
amounting
to
$100,000 will, be submitted to the
voters at the. election to be held
Ray Thomas,
City Clerk-Treasurer, will receive
sealed bids until 2 p.m. on March
of
$425,000 refunding bonds was pur¬
chased on Jan. 25 by the Edward
Benjamin Co.,
of Chicago, for
Cook
are
said
Bond
issue
Fayette Consolidated, Sch. Dist.f
struction
Martinsville, Ind,
City, III.
Purchased—An
as
!
election to be held
at the
in his
discretion to sell and
deliver all of said warrants at one
and deliver same in
parcels
is¬
Approved—An
Calumet
Dated
;
Letcher County,
on
March 11.
on
time
improvement
an¬
Estherville School District, la.
voters
on
National Bank, East
amounting to $20,000 has been ap¬
proved.
Bonds
re¬
m.
one
City
m.
ceases
'
struction
bonds
amounting
to
$219,000 will be submitted to'the
rate shall be named by
each bidder! Payable at the First
Illinois
Issue
|
Chicago, Ind.
interest.
than
4 p.
Interest
1, 1941.
date. Called.
Bond Election—An issue of con¬
March: 14,
1946.
These warrants are due oil
or before Dec.
21, 1946. Not more
r .
Brushy Township (P. O. Harco),
road
$2,000, payable to the
March 8 for the purchase of $100,000 time warrants, not exceeding
Township (P* O,
Ipava), III.
Bonds to Be Issued-kThe road
improvement bonds amounting to
$10,000 will be issued as a result
of
certified
a
nowski, City Controller, will
Bernadotte
Bond
Enclose
Warrant Offering—B. A. Boch-
;elec-<
April
Oct.
March 1 for the
purchase of airport bonds amount¬
ing to $25,000. 1
No conditional bids will be
East
at
March 25.
■::0 -. Eagle Grove, Idi'-:
Bond Offering—It has been
until
check
$160,00Qjvfill &ej$ubrj
the
on
nounced that bids will be received
will be submitted to the voters at
Bank, Gainesville. Interest
on
of
and
deducting
premium bid, if
No bid for less than the par
considered.
be held
construction ^ jp, ofi.d ,-sj
to
$500.
000.
all
on
School City.
tion to be held
500 series
The bonds should be presented
for payment at the First National
Bond
der at the expense of the School
Aurora, ttt^-% 1k;*VS' *■
Election—AnJssue of in-;
amounting to
11. De¬
C, bonds Nos. 3, 6, 11,
24 and 32. Denom. $100.
City, to be de¬
the total
maturities
illinois
*■;? •:.
Call
Branson Consolidated Sch. Dist.,
Iowa
by computing
the
resubmitted
be
may
Voters at
construction bonds amounting to
$100,000 will be issued as a result'
iowa
one
be furnished to the successful bid¬
April 6,,
on
Super
Bond
The
the
Within said School City, The ap¬
proving opinion of Ross, McCord,
Ice & Miller, of Indianapolis, will
1
School
be
therefrom k the
of
issue
An
voters at the election to
$195,000
100,000 Seabreeze School District
will
cost to the School
termined
-
amounting
-
who offers the lowest net interest
construction and
equipment ""bondsamounting % to
$100,000 will be submitted to the
On Feb. 12 the Board of Public
Instruction took steps to issue the
following
bonds
$650,000:
$500,006 Daytona
qualified fbidder
with the notice of sale.
ance
county hospital
mainVbonds.
School Districts
(P- O- Daytona Beach), Fla.
-
awarded
be
Bank,
Chicago
—^—100.93
Halsey, Stuart & Co. -.—100.68
City Securities Corp.,
Indianapolis
100.52
Harris Trust & Savings
Bank, Chicago -.-——100.439
John Nuveen & Co., and
Raffensperger, Hughes &
Co., jointly
,—10.38
by each bid¬
will
highest
highest
ized
Volusia County
bonds
-.101.00,
-
First National
whose bid is submitted in accord¬
Weiser), Ida.
sue
'
the
to
400,000 land purchase bonds.
and water
The
der.
Price Bid
Local Banks
1, 1953 to 1955, and $5,000
Jan, and $4,500 July 1, 1956. Rate
of interest to be in multiples of y4
of 1 %, and not more than, one
of the election held on Feb. 6.
300,000 parking areas bonds.
400,000 water stolage reservoir
Bidder
A. G. Becker & Co., and
C. F. Childs & Co., jointly.101.133
July
Washington County (Pi O.
ciner ator
following
$2,950,000
sealed bids until 7 p. m. on March
7 for the purchase of $44,500 im¬
000
>
$556,-
of bonds amounting to
sue
follows:
as
.
,
Fid.
Bonds Defeated—The
School
Ky.
1^*
Knuckles, Jr.^ State Local Finance
to be held on March 11.
any.
Officer, has announced that the
value Of said bonds will be con¬
Clarion, la.
rule
on
the
new
constitution. sidered.
3*/2% road and bridge refunding
The bonds are the direct
Therefore, the
Supreme Court obligations of the School City, ; Bond Election -7- An issue of bonds, Nos. 57 to 61, amounting '
must
act,
Justice
Lee
Wyatt payable out of unlimited ad valor¬ $50,000 veterans' memorial hospi¬ to $5,000 are called for redemp^:
tal bonds will be submitted to the tion on
stated.
-April 1, at the Chase Na- •
em taxes1 to be levied and collect¬
voters at the election to be held tiortal Bank, New York, Dated
ed on all of the taxable property
idaho
Bond
V
the Board of
will
receive
Secretary of
Trustees,
ter,
State tribunal af¬
firmed Judge Will R. Smith, of
the Alapaha Circuit, in upholding
a bond issue by the Fargo School
District in Clinch County, voted
on July 25, and validated on Aug.
7, a week before the new consti¬
tution was proclaimed on Aug. 13.
The ruling was made to apply to
the
cases
of
Bird
against the
Walker County Board of Educa¬
tion, and McKown against the
Walker County Board of. Educa¬
tion, involving a bond issue, by
the LaFayette School District.
| The court also held that, despite
salary increases granted its mem¬
bers by the new constitution, it
still had the right to pass on the
measure.
Superior Court judges
also received pay increases, it wa»
pointed out, thus being disqual¬
ified equally with the Supreme
justices, so there is no court in
the State technically qualified to
The
;
to
Lawrence, Kan.
■ '<■
Bond Election Planned—An is*
:uq|.
/,) :•
:
Volume-163
Number 4469
less than par.;
_
! entire
issue
[Said bonds
THE COMMERCIAL & FINANCIAL CHRONICLE
Only bids for the
will
be
to
are
considered.
be
sold
sub-
ject to the principal of and the
interest On said bonds
notbeing
subject to Federal or
Kentucky
..
.
;
ad valorem or income
taxation on
the date
of their
delivery to the
"successful purchaser
to
and
the
approving opinion of Wood¬
ward^ Dawson, Hobson & Fulton;
Louisville, being given as to
their legality. > The County will
.furnish said opinion and
"printed
of
.
bond forms.
Enclose
check for $5,000;
;
certified
a
'
Louisville-Jefferson County, Ky.
Sewer District Proposed—A bill
introduced; in the legislature on
'Feb. 18 by State Senator Vincent
J. Hargadoh, of
Louisville, author-1
lizes the City,-of Louisville and
*
-
Jefferson
County
to
■joint metropolitan
establish
a
dis¬
trict, which would be empowered
to issue revenue bonds in
connec¬
tion with the
sewerage
carrying out of its
functions.
(EST)
a.m.
,
on
the purchase of
$1,dis¬
suit
Bonds
Sale
The
—
able
count
of
Bank of
1946.
These notes
for
National
Shawmut
Boston, and will be ready
delivery on or about March 6;
The notes will
to genuine-?
ness and validity by the National
Shawmut Bank, of Boston, under
advice of Ropes, Gray, Best, Cool¬
idge & Rugg, of Boston.
be
authenticated
as
Offered
bidders
bids
March
on
1
for
the
purchase of water coupon bonds
amounting
to
$160,000.
Dated
March 1, 1946. Denomination $1,' These
bonds
due
are
on
$6,000 in-1947
1956, and $5,000 in 1957 to 1976.
Principal and interest payable at
the
National
Boston.
Shawmut
The bonds
Bidder
Bank- of
under the supervision of and au¬
thenticated as to genuineness by
due
on
*
.
five
days.
scribe
election held
for
Certificate
the
County (P. O. Wor¬
cester), Mass.
Board
of
securities
should
offered,
will
163,
®
tne
"??a.rd
®ducation
reserves
opinion of the Board are most fa¬
vorable to the
District, and to
±e.t additional
sufficient
pur-
securities
.
Sale
Minn.
—
The
$25,000
Nat'l
Bank
of
Minneapolis,
for
givinfi
right to waive any irregulari¬
ties in said tenders; to accept the
tender or tenders which in the
i
513—were awarded to the
p.
First
de-
$m^7ioVailable fbr this cal1 is
.
con-»
1%% emergency debt certificates
offered for sale on Jan, 31-r-V,
a
premium of $165.
Dated
Feb. 1, 1946.
Denom. $1,000. Due
on Feb.
Ip947..
Traverse County (P. O.
Wheaton),
^sequent the District. The
coupons attached
be sold to
the
Worcester
Tenders
School
(P. O.
Feb. 11.
on
Robbinsdale,
series number and series letter.
Tenders should state the sum for
which the bond with April 1, 1946
Trust
Co.,
of
at 0.359%
discount.
Due Nov. 14, 1946.
Among other
bids
were:
Granite
Trust
Co.*
Quincy, 0.375%; Day Trust Co.;
Boston, 0.378%; Second National
Bank of Boston, 0.369%.
The
March 27
Indep.
96
struction bonds amounting to $71,000 was favorably voted at the
1935.
County
—
on
County
Franklin), Minn.
ira^ AnJ bonds dated firm for
°ct- 1,
Offerings should be
;
Rate
awarded recently to
Offering
in the
Bonds Voted—An issue of
purchase of series A, issue of 1935
-0.40%
•
Brookline,
Note
.(EST)
p.m.
Note Sale—An issue of $400,000
Norfolk
maintained
was
District No.
cation, has announced that he will
receive sealed tenders until 7:30
———————0.42%
was
Renville
on
Tenders Wanted—E. G. Sluyter,
of the Board of Edu¬
Weymouth, Mass.
notes
Co., Detroit,
which date interest
Dated Oct. 1, 1935, These
Secretary
Nov;
,
-
State
amounted
$200,058,177.29, of which $104,-
on
bonds mature Oct. 1, 1965.
14,
•
1,
ceases.
Na¬
Feb.
follows:,
-
prepared
are
are
the
permanent school funds.
a' dis¬
Day Trust Co., Boston_:
Nationa Shawmut Bank,
Boston
Shields,- Town Treasurer, received
sealed
were as
Francis
W.
—.
Dated
of
date
to
April
The next highest bidder
was
the Second National Bank,
Boston, at a rate of 0.386%. Other
Lee; Mass.
Bonds
Merchants
tional Bank of Boston at
0.38%.
December
412,347.73
the Detroit Trust
14, 1946.
the
at
the
Investments
the
on
^Unnnnlng boJ1,ds' for payment at
amoun*ing to
are called
-amounting to $300,000 and
offered, for. sale on Feb. 14 were
to
King.
$23,000
notes
awarded
Mich.
G., Sluyter,
tion, has announced that series A,
temporary
1
Called—E.
Secretary of the Board of Educa¬
of
Watertown, Mass.
Note
purchaser.
These notes are due on Nov. 8[
1946.
Issued in anticipation
of
revenue for the year of 1946. Pay¬
March 1, as follows:
works and electric
light revenue
bonds offered for sale on Feb. 25
—v. 163,
p. 825—were awarded to
the New Iberia National
Bank, of
by
Bank; of
of Storey,
Boston.
000,000 temporary notes, at a
count. Dated March 6, 1946.
De¬
:,v to
advice
under
Oak Sch. Dist.,
Royal
validity
Boston,
11
4 for
to
Abbeville, La.
Bond Sale—The
$130,000 water
and
Shawmut
Thorndike,. Palmer & Dodge,
until
March
000.
LOUISIANA
National
bids
1946, at said bank.
;
genuineness
the
Offering-r-Eugene J. Cote,
City Treasurer, will receive sealed
nomination
final
to
Fall River, Mass.
Note
1207
Bond
County
sealed
Offering—R. L. Johnson,
Auditor,
will
receive
bids
until
1:30
part,
on
March 7 for the purchase of
$44,000 Judicial Ditch No.
11, drain¬
age
coupon
2%
interest.
bonds, not exceeding
Dated Feb. 1, 1946.
Denomination $1,000. Due Dec. 1,
as follows: $2,000 in
1947, and $3,000 in
1948
to
1961.
Rate
of
in¬
to exhaust the amount terest to be in multiples of onewill re¬
money available for this pur¬ tenth or y4 of 1%.
No split rate
the National Shawmut Bank of ceive sealed bids until noon (EST)
pose op March 7, 1946.
New Iberia.
Dated April 1, 1946.
bidding. I; Principal • and interest
Boston; their legality will be ap¬ on March 1 for the purchase of
Denomination $1,000. These bonds
payable at any suitable bank or
proved
by
Storey,
Thorndike, $650,000 temporary notes, at a
•are due
aiPak Township, Mich.
trust company designated by the
$13,000 on March 1, 1947 Palmer &
No Tenders—Sarah E.
Dated March 5, 1946,
Dodge, of Boston, whose discount.
Bradford,
to 1956. The next highest bidder
purchaser. Approving legal opin¬
$50,000,
$25,000, Township Clerk, has announced
opinion will be filed with said Denominations
ion of Dorsey,
was Scharff & Jones.
Colman, Barker,
bank where they may be in¬ $10,000 and $5,000.
These notes
^ tanders were received on Scott & Barber, of Minneapolis, as
are due on Nov. 14, 1946,
Issued rep. 27 in connection with the
Calcasieu Parish School District
spected.
well as printed bonds to be fur¬
in anticipation of taxes for the
(P. O. Lake Charles), La.
S +
series D, refunding bonds nished without cost to purchaser.
Melrose, Mass.
year
of
1946.
Payable at the dated Oct. 1, 1936. These bonds
Bond Election—An issue of Dis¬
Note Offering—S. Homer ButIn the opinion of counsel these
Worcester
County Trust Co., mature on Dec. 1, 1948.
trict No. 29 bonds
amounting to trick, City Treasurer,, will receive
bonds are direct and general ob¬
Worcester, the National Shawmut
$100,000, not exceeding 4% inter¬ sealed
bids until 11 a.m. on March Bank of
Troy, Avon, Bloomfield and Pon- ligations of the County, payable
est will be submitted to
Boston, or the Chase Na¬
the voters 5 for the
tiac Townships, Fractional
purchase of $400,000 tional Bank of New York. Deliv¬
primarily from assessments, and
at the election held on March
11. revenue
Sch. Dist. No. 10, Mich.
the full .faith, credit and
notes,
at
a
discount. ery will be made on or about
taxing
H. A. Norton,
Secretary of the Dated March 6, 1946. Denomina¬
M.
C.
Beach, powers will be pledged to their
March 5, 1946, at the Worcester
Parish Scnool
Board, also advises tion $25,000.
School Director, calls for payment
Due $100,000 Oct. County Trust
payment. ; Enclose
a
certified
that the State Bond and Tax
Co., Worcester, or
25, $200,000 Nov. 8 and $100,000 the National Shawmut Bank of at par and accrued interest at the check for $880, payable to the
Board has granted
permission to Dec. 17,1946. Issued in anticipa¬
District Trust Co., of Detroit, reBoston.
Said notes will be au¬
■County Treasurer;
v'
vote the issue of School No. 30
tion of revenue for the year 1946. thenticated
as to genuineness and
bonds amounting to
37' dated March Wilkin Count) (P. O. Brecken*
$260,000.
Payable at the Merchants National 'validity
by^the Worcester County i
~ridge), Minn.I*:^■
i
t
^ bond, Is due on. March y^ * v
Bank of Boston, or at the Central Trust
Franklin, La.
Bond Offering—Elmer Ander¬
Co., under advice of Ropes,
Bond Issue Approved—Ah
Hanover Bank & Trust Co., of
called
on
issue
Gray, Best, Coolidge & Rugg, of
son, County Auditor, will receive
New York, ancl will be delivered Boston.
of paving
and
drainage bonds
sealed
bids
until
10:30
a.m.
on
MINNESOTA
amounting to $325,000 was ap¬ at the Merchants National Bank
March 7 for the purchase of $40,of Boston for Boston funds.
The
MICHIGAN
proved recently by the city.
000 Judicial Ditch No. 11, drain¬
Albany, Minn.
County
Commissioners
-
iU?QQogT?i?n^No'
,
erest ceases
Lincoln
Parish School Districts
,
(P. O. Rust on), La.
Bond
Elections—An
issue
of
bonds amounting to $145,000 will
be submitted to the voters
lows:
as
fol¬
On March 5
Merchants National Bank of Bos¬
ton will certify that .the notes are
issued by virtue and in pursuance
of
District
No. 3 bonds.
Oakdale, La.
^
Sale—The $160,000 public
improvement bonds ($80,000 se¬
ries A and $80,000 series
B) of¬
fered on Feb. 27—v.
163, p. 705
--were
awarded to
Barrow, Leary
& Co., of Shreveport, and Associates.
Dated
March 1 from 1948 to 1966
on
March
inclusive.
$80,000
series
lows:
•
as
follows:
A,
waterworks
Due March 1, as fol-
bonds.
>
1
recently .sold at a
0.39%, as reported
in
v.
163,
purchased in
$50,000 each by the
Second National Bank of Boston,
and the Day & Trust Co., of Bos¬
1080
p.
*
were
—
of
ton.
Norfolk Coutity (P.
Mass.
O. Dedham),
Note
ceive sealed bids until 11 a.m.
March 5 for the purchase of
$4,000 in
1948
to 1962,
and $5,000 in 1963 to 1966.
80,000 series B, sewer bonds. Due
March 1, as follows: $4,000" in
1948 to 1962, and
$5,000 in
1963 to 1966.
000
temporary notes, at
a
on
discount.
Dated March 5, 1946.
Denomina¬
tions $50,000, $25,000 and
$10,000.
These notes are due! on Nov. 8,
1946.
Issued! in anticipation of
taxes for the current
year,
Pay¬
able at the First National Bank of
Boston and will be ready for de¬
livery on or about March 6, 1946,
at said bank
against
payment in
.
Boston funds.
MARYLAND
authenticated'
Frederick, Md.
Bond Offering—H. V.
Gittenger,
Mayor,
until
of
will
March
receive
13
for
sealed
the
bids
purchase
$60,000 airport bonds.
■i-.'*'-
Williamsburg, Md.
Bond Election Planned—A bond
election may be held on March 19
to submit to the voters
of $350,000 water bonds.
an
issue
,
Boston, Mass.
000
notes
offered
Feb.
validity by the First National
Bank of
Boston, under the advice
Ropes," Gray,- Best, Coolidge &
Rugg, of Boston.
Peabody, Mass.
Note Offering—Patrick M. Cahill, City Treasurer, will receive
sealed
on
bids
March
until
1
for
11
the
$300,000 Nov. 8,
$5,000,-
000
28
ticipation of
awarded to Halsey, Stuart
will be
genuineness
of
Due
Note Sale—The issue of
to
a.m.t(EST)
purchase
of
$500,000 temporary notes, at a dis¬
count, Dated March 4, 1946. De¬
nominations
to
suit
purchaser.
MASSACHUSETTS
1
and
The notes
as
was
& Co.,
Nov.
1946.
29, 1946.
and
Issued
$200,in
an¬
for the year
the
National
revenue
Payable
at
Inc., New York, the only bidder, Shawmut
Bank, of Boston, and
a rate of
0.54%, plus a premium will be ready for
delivery on or
$76. ; Dated March 4, 1946 and about March
4, 1946, at said bank.
due Oct. 15, 1946.
The notes
at
of
and
Bond
Shelby Township Frac-
tionalSch. Dist. No. 2 (R. F.: D^\
No. 3, Box 572, Rochester,
Mich)l
Michigan
Tenders
Wanted
Held—An
issue
,^0dds<f amounting to $10,000
wa^
submitted to the voters at the
£Sl,lh6!cl
bond^'are to
Frank
—
Election
,of
2" used 28- a mu¬
These
be Feb' for
will be authenticated
as
nicipal liquor store.
Clay County Indep. Sch. Dist. No.
until
v
March
of
refunding
purchase
15
for
the
bonds
of
1937.
Ferndale
Sch.
Dist., Mich.
Elizabeth Beasley,
Secretary of the Board of Edu¬
cation, has announced that all
outstanding issue of 1935, series A
and B bonds, dated Oct.
1, 1935,
are called for payment on
April 1,
at the Detroit Trust
Co., Detroit.
Bond
These
Call
—
bonds
mature
on
Oct.
1962, subject to redemption at
and accrued interest
est payment
on
date.
date called.
Ferndale
Sch.
on
any
Interest
1,
par
inter¬
ceases
Dist., Mich;
Bond Sale—The issue of
$110,000 refunding bonds of 1946 of¬
fered Feb. 26 was awarded to an
account composed of H. V. Sattley
& Co., and McDonald-Moore &
age
(T- O. Dilworth), Minn.
Sale—The $44,000 fund¬
bonds offered recently at pub¬
lic auction, were awarded to E. J.
Prescott & Co., of Minneapolis, as
at a price of 100.104, a basis
of 1.732%. The next highest bid¬
der was Kalman & Co., for l3/4s
at a price of 100.102.
'
Dated-Jan. 1, 1946. Denomina¬
tion $1,000.
Due Jan. 1, as fol¬
lows: $2,000 in 1948 to 1955, $4,000
lm 1956 and 1957, and $5,000 in
19o8 to
1961.
Bonds maturing
after 1954 are subject to redemp¬
tion on said date and on any in¬
terest
paying
date
thereafter.
Principal and interest payable at
any suitable bank or trust com¬
pany designated by the purchaser.
The approving opinion of Dorsey,
Colman, Barker, Scott & Barber,
of Minneapolis, will be furnished
the purchaser,
Bond
ing
coupon
12% interest.
bonds, not exceeding
Dated Feb. 1, 1946.
Denomination $1,000. Due Dec. 1,
as follows:
$2,000 in 1947 to 1951,
and
$3,000 in 1952 to i961. Rate
to be in multiples of
one-tenth or y4 of 1%. No split
rate bidding.
No bids for less
than par.
Principal and interest
payable at any suitable bank or
trust company designated by the
purchaser. Approving legal opin¬
ion of Dorsey, Colman, Barker,
Scott & Barber, of Minneapolis, as
interest
of
Guthrie, Clerk of the Board of
Education, will receive sealed
tenders
notes
discount of
$450,-
The bonds mature
.
which has
Offering—Ralph D.Pettin1, 1946 and gell, County Treasurer, will re¬
due
-
of
Milford, Mass.
$100,000
amounts
; Bond
*
the1' validity
Purchaser—The
No. 6 bonds.
90,000 Simsboro School
order of the Board of Alder¬
approved by Ropes, Gray,
Best, Coolidge & Rugg, of Boston.
$55,000 Choudrant School District
On March 19
an
men,
been
Avon
date
well
as printed bonds will be fur¬
nished without cost to purchaser.
In
the
bonds
opinion of counsel. these
direct and general ob¬
ligations of the County, payable
primarily from assessments, and
the full faith, credit and taxing
powers will be pledged to their
payment.
Enclose
a
certified
check for $800, payable to the
County Treasurer.
are
MISSISSIPPI
Louisville, Miss.
Bond
Sale
\
Details—The
(
$225,-
000 industrial
plant bonds award¬
Co., both of Detroit, jointly, at par
ed on Feb. 5 to C. H. Little & Co.,
plus a premium of $41.80, equal to
of Jackson —v, 163, p.
1080 —
100.037, a net interest cost of about
were sold as 3s, at a price of par.
Goodhue
County Independent
1.061%, as follows:
Dated Feb. 1, 1946. These bonds
School District No. 11 (P.
$10,000 2s. Due April 1, 1952.
mature on Jan. 1, as follows: $9,100,000 Is. Due $25,000 on April
000 in! 1947 to 1951, $10,000 in
i»
Cannon Falls), Minn.
Bonds Voted—An issue of eon1 from 1953 to 1956 incl.
1952 to 1956, $12,000 in 1957 to
Second high bid of 100.1 for
b°nds
amounting
to
$60,1961, and $14,000 in 1962 to 1966. , ,
000 iy4s and $50,000 Is, or a net $125,000 was favorably voted at
Denomination $1,000.
Issued un-^cost
of
1.062%, was made by the election held on Feb. 21. The der the provisions of Chapter 241
bonds will be placed on the marPaine, Webber, Jackson & Curtis.
of the Laws of Mississippi, 1944.;
ket immediately. Due in 25 years.
Nankin Township Sch. Dist. No.
Mississippi (State of)
.7f
% Would
Amend
School
Bond
Minnesota (State of)
Michigan
Bond Call —John
R. Stinson,
District Secretary, calls for pay¬
ment
Debt
duced
Reduced—The
its
outstanding
State
total-
re¬
of
April 1, at par and ac¬ bonds and certificates of indebt¬
interest, refunding bonds edness by $2,452,024.52 during the
to 8, 11, 12 and 20, dated
period from June 30, 1945, to Dec.
April 1, 1938. These bonds mature 30, 1945, the figure for the latter
on April
1, 1968 and are callable date being $72,411,543.11.
This
on
any interest date upbn 30 days' includes $34,107,200 of debt payon
Election
visions
Law
of
—
Under
the
pro¬
bill
recently intro¬
duced in the Legislature by Rep¬
a
crued
resentative Hilton Waits of Wash¬
Nos. 4
ington
notice. Said bonds should be pre¬
sented to the place of payment
$oa,304,343.11 from
designated
nue
Interest
therein
ceases on
for
payment.
date called.
$38e304r'u1?iiPrfOperty ta-xes reve¬
and
special
port
according to the re¬
State Auditor Stafford
sources,
of
County,
municipalities
would be permitted to issue bonds
for
by
school
a
purposes if approved
majority of the votes cast in
election. Under existing stat¬
ute, such issues must be approved
by a majority of qualified elec¬
an
tors.
,
Voted—An
of
issue
the Public Authorities Law
1, 1945.
lation
community recrea¬
will be submit¬
the .voters at the April
of $150,000
Sept.,
County with signa¬
by the Strafford
guaranted
Author¬
issue is contained in
Laws, Chapter 39, Section
amended by Chapter 185,
dustrial plant bonds amounting to
sue
$150,000
tion center bonds
ity for the
ted
Public
voted
favorably
was
the election held
No
19.
Feb.
on
at
date
of
been
'v
specified
has
sale
given.
Tupelo, Miss.
Election
Bond
V'y|^y';yf'
V
/
'
issue
An
—
industrial
$200,000
of
County
v
Correction—In
Sale
1%
and serial bonds, will be the
unlimited tax road bonds
a
are
bonds
sold to Stern Bros. & Co., of
advised
Bros.
the
that
&
and
not
to
Louis
and
jail bonds amounting to $1,-
650,000
and
Feb.: 20
—v.
awarded to
a
Bank, Harris
are
due
•1966.
Feb.
on
1, from
Other bidders
•lows:
;
,n>''
J-
These
Blair &
Shelby, Mont,
Sons,
Graham, Parsons & Co., and
Lobdell & Co., jointly.,.
101.233
Halsey, Stuart & Co., v
;
mitted
•
-
First
/
National
Minneapolis,
-
.
,
,
Glore, Forgan & Co.,
F. S. Moseley &Co.,
Stroud & Co., and
Reinholdt &
:
Laidlaw
&
_ _
"
'
.
Bank,
Nashville,
"
J.' C. Bradford & Co.,
Buckley Bros.,
| " r
•
-
''
-
■:
'
City;
Gen¬
existing
statutes do not. permit
villages to issue bonds for airport
The opinion was issued
at the request of the State De¬
partment of Aeronautics.
purposes.
_
•
...
Osceola
School
District,
Neb.
Bonds Voted—An issue of audi¬
.
J. P.
Morgan & Co., Inc., and i? w?'
Dick & Merle-Smith, .'
1
-•
jointly —____100.659
,
-
Phelps, Fenn & Co., f./*
R. W. Pressprich & Co.,
torium gymnasium bonds amount¬
ing to $90,000
was
favorably voted
at the election held
on
Feb.
}
funding- bonds
.
1
163,
.
p.
Robert
These
*'
sold recently
—
V;
952—were awarded to the
Schweser
bonds
Chemical Bank & Trust Co.,
New York, '
Co., of Omaha.
$1,000' on
mature
Tr°nton, Neb..
:
Securities
Corp.,
Co.,
W. E. Hutton & Co.,
Commerce Trust Co.,
Kansas City, and
Baum, Bernheimer Co.,
^
Nuveen
Bonds
Sold—An
&
v-y:-y.
of air¬
issue
port
bonds
amounting to $10,000
authorized at the general election
held on Nov. :6, has been sold. ; :
.
_
Bankers Trust
,
y:
City Bank,
HAMPSHIRE
(P. O.
Hampshire
County
New
Note
New York, and
.
Strafford
100.519
_—
Co.,
York,
National
re*
holders from
type and char*
Offering
—
Dover),
ders were
follows:
as
/
Bidder
I
Francis
Tilney
&
duPont
tax
the
contract
bonds and
in
to
pur¬
case
be
returned.
The
successful
&
100.269
1%
1%
1.20^
Co...^»
100.22
.100.31
1.20',.
100.22H
Sherwood & Co., jointly—
1.20$
Chas. E.
1.20%
k
Rollins
—
Sons..
Childg & Co.,
F.
Geo. B. Gibbons &'
Co.,
VA'/c
Inc.
New
issue of
an
ing
revenue
bills amount¬
sold at a
Dated Feb. 21, 1946.
$25,000,000
to
April 16
and
water
exten¬
sewer
sions and the auditorium until
a
memorial,
of
>
Cleveland
County (P. O. Shelby)%
North Carolina
'
Other Bids—The $400,000 hos*
pital bonds awarded on Feb. 12 to
syndicate headed by the Mercantfle-Commerce Bank & Trust
a
Co., of St. Louis, at a price of
100,002, a net interest cost of
1.038%, for $45,000 as 3s, and
$355,000 as Is—v. 163, p. 953—also
received the following bids:
Price Bid
Bidder
Fox, Reusch & Co.,
Hamilton & Co.,
Browning & CoM and
Ryan, Sutherland & Co.,
jointly,
1
,
,
For $75,000,
;
$325,000,
2%s, and
Is
100.00$
——
(Net interest cost 1.085%.)
R. S, Dickson. &
Co., and
Braun, Bosworth & Co-,
Inc., jointly,
and
$340,000, Is
100.001
(Net interest cost 1.097%.)
rate of 0.50%,
-;
.For
$60,000, 4s, and ^
$340,000, Is
—-100.00
(Net interest cost 1.097%.)
was
Kirchofer & Arnold;
For
1946.
$212,000, Is ————100.116
opinion of Hawkins, Delafield &
Wood, of N. Y., that the bonds are
ments
^valid and legally binding obliga¬
Chase
of
the
District.
These
are
trust
Apnl 26
The participating banks and
companies and their allot¬
follows:
are as
National
Bank, ;/
'•
!New York.-:L-._A--U$4,560,000
Nafibndl City Bank,;
'
,
New
Local
Tax
Higher—Tax
Collection
Continue
New York
and
Finance.
The
report
shows that the percentage of cur¬
levies
rent
has
shown
the
a
in
each
continuous
earlier
year
increase
period.
;;r
-
V '
Paterson, N. J.
rj Vv'y-.
Bond
Feb.
Ordinance
14
passed
the
collected
the
on
—
On
Finance
calling for
the
refunding
of
amounting
Bond
of
to
Dist., N. J.
Exchange
Details—The
$79,000 refunding bonds exchanged
with original holders—V. 163, p.
514—was expected through Butch¬
er &
Sherrerd, of Philadelphia, as
are
3%s, bea$* date
1,710,000
Co.,
New York -A-
1,625,000
Trust Co.,
New York- 1,550,000
Chemical Bank
& Trust
1,225,000
Co., New York
First National Bank,
y
New York
-
:
jl—- r- -
Irving Trust Co., '
New York ^2II
_
-" 1,050,000
_
1,050,000
•
Public
Jackson, County Treasurer, will
receive sealed bids until noon on
$175,000 tax anticipation notes.
Dated
March 7, 1946.
Due Dec. 23, 1946.
1
350,000
New York_
Marine Midland Trust
/:
/
250,000
Co., New York
Commercial National Bank
& Trust
f
225,000
Co., New York
Brooklyn Trust Co.200,000
United States Trust Co.,
New York
150,000
Continental Bank & Trust
Co., New
York;1
000
Details—The
100,000
Trust
bonds
sold
pri¬
vately last December—v. '162, • p.
3126"-7were awarded to Peters,
Writer,,'- &
Christensea,
and
Boettchj^; & Co., both of Denver,
Court, jointly^! aLa price oLpar as fol¬
by the Clerk of Court lows: $38,000 as l%s, $40,000 as
Co., New York
Co., Asheville, jointly,
For $328,000, HAs, and
$72,000, Is
___.__100.059
(Net interest cost 1.175%.)
-
Trust Co.
York
of Georgia,; :
Atlanta, and
•
F. W, Craigie & Co.,
;
I
.*
■
jointly,.
.
For $75,000, 3s,
$159,000, Is, and
.
,
.
.
*
,
r
.
:
$166,000, HAs
-100.62
(Net interest cost 1.196%.) \
C.
F. Childs &
jointly,
50,000
-
.
.
,
-
-
Co., New York-——
1
-
Wachovia Bank & Trust
Curtis, and
50,000
Federation Bank & Trust
New
>
75,000 Paine, Webber, Jackson &
Title Guarantee & Trust
plant and distribution
revenue
Michigan Corp.,
and
Co.,
Jan. 30, a
Payable at the Strafford National
Bank, Dover.
This note will be
power
system
Halsey, Stuart & Co.,
For $75,000, 4s, and
$325,000, Is —
-100.039
(Net interest cost 1.143%,)
125,000
New York
$225,-
...
$35,000, 6s, and
$345,000, Is
-100.02
(Net interest cost 1.139%.)
For
100,000
Kings County Trust Co._
Farmington, N» Mex.
Sale
jointly,.
Avenue Bank,
New York
Fulton
Bond
McDaniel Lewis & Co.,
First of
National Bank &
Trust Co.,
New York
MEXICO
Blyth 8c Co., and
-
Empire Trust Co.,;)
•
For $75,000, 4s, and
$325,000, Is
__.100.23
(Net interest cost 1.126%.)
;:i
Harris Trust & Savings
Co., New York ______ 1,000,000
Bank, Chicago,
& Co. Inc—;
750,000
For $75,000, 4V4s, and
New York Trust Co.____
725,000 5-;
$325,000, Is
—100.079
Corn Exchange Bank
.;;
(Net interest cost 1.151%.)
Trust Co., New York_
625,000
John Nuveen & Co.,
Bank of New York___—
350,000
Denom.
„
i
:
Campbell, Phelps & Co.,
jointly,
J. P. Morgan
Fifth
NEW
Bank,
-
Bank of The Manhattan
of Oct. 15, 1945, and mature $3,000
in 1946, and $4,000 in 1947 to 1965.
$1,000.
Nashville, and
Central Hanover Bank &
$690,000.
Sch.
They
Co.,
Manufacturers Trust
ordinance
issuance
bonds
Passed
Board
3,190,000
Bankers Trust
collections
by local
municipalities were higher in 1945
than in any preceding year 1938.
the figures for the two years be¬
ing 91.43% and 73.99%, respec¬
tively, it is stated in a report just
issued by Walter R. Darby, Direc¬
tor of the Department of Taxa¬
tion
3,865,000
Guaranty Trust Co.,
New York
Jersey (State of)
,
:
(Net interest cost 1,12%.)
;
New York
$188,000, l%s, and
Commerce Union
registered
!
An
jointly,
Joseph, City
Comptroller, has announced: that
Bills Sold—Lazarus
siding Justice of Superior
10 0.3 4
—
amounting to $5,974,354 to
finance
York, N.Y.
Edward D. Jones & Co.,
_
election may be held on
'
<
Planned
Equitable Securities Corp.,
Stranahan, Harris & Co.,
ifc Inc.j and
100.143
McDonald-Moore & Co.,
'-•
Bridge Authority
/"
O '. Pav-hkeennie), N. Y. •J-Debt
Increase
PmoosedOn
_ _——_
Election
Bond
and
Weigold & Co.—
issued by the County Commission¬
ers with the approval of the Pre¬
j o i n 11 y
Charlotte, N. C,
100.18
100.15
C.
Co
Braun, Bosworth & Co.,
Inc., jointly
100.42
Smith, Barney & Co., I
Goldman, Sachs & Co.,
Wisconsin Co., Milwaukee,
Illinois Co., Chicago, and
b
CAROLINA
NORTH
These bills ar'e due on
W.
March 5 for the purchase of
.
;v
For $60,000, 4s,
100.309
law,
such
& €o._
Co.„
Johnson
BriceBid
Rate
.
1.20%
.
Charles
as
a
1956, inclusive. Other bid¬
1947 to
by the terms
income
deposit accompanying his bid
agents.
NEW
-"
New
Under
T uckerton
•
•
tions
chase the
Nov. 1, 1947 to 1956.
-__1_100.56
-jointly
Federal
any
since
Paxtnn, Neb.
y.?
Purchaser—The $10,000 2% re¬
Schoellkopf, Hutton &
Pomeroy,
Cruttenden & Co.,
'
"
Barret, Fitch & Co., and '
Dempsey-Tegeler &
jointly
Attorney
Central
Mineola
of
price of 100.06, a basis
of about 0.889%. Dated March 1,
on
eral Ei-win A. Jones has ruled that
McDougal & Condon, and
»
Stix & Co., jointly.______100.8088
Mellon Securities Corp.,
..Pittsburgh,
Union Securities Corp.,
New York,
Harris, Hall & Co., and
Bleur, Heitner & Glynn,
;
•;;?jointly
-.—-^1100.715
Equitable
by; private
Wachob-Bender
Barred—Assistant
^'
'
bidder will be furnished with the
Nebraska (State of) .
j.
'Village
Airport
Bond
Issues
;
^
the
to
NationalBank
.
Co.,
Commerce Union
John
of the bonds the income
the bonds authorized at the elec*
purchased
awarded
—were
H.
March.5 !by the tidn held on Feb. 13, by a vote
Enclose a certified
Corp.; of Omaha:! of 193 to 10.
$14,000 aviation field bonds.
V check for $3,000, payable to the
'
District.
25,000 auditorium bonds. .:
100.88|
vi
.
•
$6,650
bus bonds awarcied to Feb. 15 to
the Merchants National Bank, of
Whitehall—v. 163, p. 1081—were
sold as lVaS, at a price of. 100.22,
a
basis of about 1.42%,
Dated
E.
tions
were
Gardner,'
...
$8,200,000.
Details—The
D. White &
lowing bonds amounting in $39,000;
_
amounting to not more than
bonds
New York
R.
will
;
Purchased
YORK
(P. Oi Hartford),
■>
Sale
Bond
H.
the
Netf
Imperial,
accrued to
Clerk has announced/that fche&ol-
•
jointly
Hastings, Neb«?':
Bonds
Dist. No. 1
■
bidder may, at his
election, be relieved of his obliga¬
tion to be held on April. 2./>
101.106
pay
The
must
also
pay
an
equal to the interest on
,
the successful
'.
;
•
,
ac¬
offering to
highest price.
the
acter shall be taxable
y
.
Bank,
"St. Paul, and
Martin, Burns & Corbett,
jointly
of
least amount, then
bonds of the same
nicipal
swimming
pool
bonds
■
;
amounting to $75,000 will be sub¬
J
s'. .%■ mitted to the voters at the elec¬
First National
issue
of
:.
;;
.
Argyle,
the event that prior to the deliv¬
Bond Election—An issue of mu¬
,
the
amount
bidder
eeived
'
..-V"
Bank,
'
additional
of
issuance
the
bonds
are
Granville, Hebbon and Fort Ann, Central Sch.
Hartford,
R.
ery
NEBRASKA
y
for
to submit to the voters an issue of
payment of the purchase price. In
•;
^
;
NEW
the date of
of
"
least
bidders offer to
same
the
amount
elec¬
,
for
accept
the
more
purchaser
y/v
tion to be held on March 2.
;
bonds
original
part
of -an:
$100,000. ; ;,
construe*
tion of a toll bridge across the
Hudson River at or near Kingston,
interest ;; ceases.
These
1946. Denomination $1,000. These
bonds are due on March 1, from
or
therefor
8, 1945.
at the
the voters
to
$1,000.
0.90s, at
to
munity recreation center bonds
amounting tcr $150,000 will be sub¬
K. fi. Rollins &
Stifel, Nicolaus & Co.,
First National Bank;
VMemphis.
'
Mullaaey, Ross & Co.,
bid
cept the
Bond Election—An issue of com¬
.
considered
be
offering, to
the bonds
Bid
^or 1% Bonds
Co., Inc.,
issue.
District Clerk.
000, payable to the
:l!'
two
10
certified check for $1,-
a
Gallup),
bonds, the bonds to be accepted
being those first maturing, and if
the bonds authorized at
are
Enclose
Price
,
full
of
date
and
amount
serial,
or
in
the election held on Dec.
;y:;'y'C;:^
■
the
from
years
fol-
as
amortization
redeemable
be
These
1953 to
were
yV
whether
will
(P. O.
the
the -:Kingston*
Rhinecliff Ferry, for the
*
become
1947, and the sum of $3,300 will
become payable on the same day
each year thereafter until all of
such bonds are paid.
The bonds,
bonds
Bidder
•
will
generally, and providing for
gally acceptable5 proposal; ■ Each
proposal must state the amount Jan. 15, 1946.
These bonds are
bid for the bonds,; which shall be due $1,330 on Jan. 15 from 1947
not less than
$120,000 or more to 1951 incl.
than $151,000.
As between legally
Mineola, N.Y.
acceptable
proposals
specifying
Bond
Sale—The $47,000 gen¬
the
same
rate
of interest, the
bonds will be sold to the bidder eral improvement bonds offered
for sale on Feb. 26—v. 163, p. 1081
complying with the terms of sale
of the said serial bonds
payable on June 1,
of $2,300
Bank, Madison.
will
proposal
which specifies a rate higher than
the lowest rate stated in any le¬
installments
semiannual
Denom.
above
the
to
establishment v of
which:; date*
on
all of the bonds.
for
same
Fijpt National
No
cept the first bond which will be
in the amount of $2,300, the sum
syndicate composed
$1,000.
the
issued and sold they will be
in the amount of $3,300 each, ex¬
Trust
&
Savings Bank,
Paine,
•Webber, Jackson, & Curtis, all of
•Chicago, Boatmen's National Bank,
Mississippi Valley Trust Co., both
of St. Louis, and the Milwaukee
'Co.; of Milwaukee, as Is, at a
price of 101.359, a basis of about
0.896%. Dated Feb. 1, 1946. De¬
nomination
determine
may
are
offered for sale: on
163, p. 706—were
of the First National
be the
PrincipM and interest payable at
uuring a period of 20 years from
the date of issue. If serial bonds
house
court
in
able
Missouri
Sale—The
trustees
purchase of construc¬
or
registered bonds
coupon
1946.
Denomination $1,000.
Due
$10,000 March 1, 1947 to 1961. Rate
of interest to be in a multiple of
Va or one-tenth of 1%, and must
upon
at the time of sale, both
principal and interest to be pay¬
County (P. O. Clayton),
■
Bond
sec¬
on
optional
Davis, County
Treasurer, has announced that the
5%
highway and bridge bonds,
Nos. 81 to 85 dated April 1, 1924,
are called for payment on April 1,
amounting to $150,000, not exceed¬
ing 6% interest.
Dated March 1,
bond 5 or
single
one
of
board
plated in the above named issue.
St.
into
are
the
for
11
tion
divided into several bonds, as the
Stein
Boyce; of Louisville, as
City,
of
issue may be
entire
sold the
put
Kansas
bonds
amortization
If
and
now
were
Wittreich, District Clerk, will receive
sealed bids until 8 p.m. on March
board.
issued
school
the
of
choice
ond
price of 100.85, a basis of
about 0.68%—V. 163, p. 952—we
at
0
choice
tion bonds will be the first
(P,
t Bond Offering—Charles G.
6% interest.
June 1, 1946. Amortiza¬
Dated
con¬
nection with the sale of the $250,000
P.
purchase
NEW JERSEY
Township Sch Dist.
O. Chatham), N. J.
"
due
are
1966,
vNew Mexico
C hat ham
exceeding
not
000,
burg), Mo.
Bond
'
to
McKinley County
,
,
These bonds
1, 1947
Sept. 1, 1955.
Bond Call—T. T.
Sfeli-":
building bonds amounting to $65,-
Warrens-
O.
(P.
the
for
23
March
as
Laws of 1933.
Strauss, District Clerk, will re¬
ceive sealed bids until 1 p.m. on
MISSOURI
Johnson
j. ■ j:
,,y
(P. O. Polscn), Mont.
Bond
Offering — Kathryn
will be submitted to the voters at
8,
MONTANA
"
:
bonds
plant
•"r<..
County Sch. Dist. No. 23 yi
Lake
the election to be held on Mar. 4.
>
to
election.
amend
in re*
Authority,
introduced to the Senate to
2s, $78,000 as 2V2s, and $69,000 as
2%s. Interest M-S.
Dated Sept.
tures
Bond Election
in¬
Strafford
National Bank, of Dover.
for
Springfield, Mo.
Planned—An is¬
Newton, Miss.
Bonds
-
Monday, March 4, 194Q
THE COMMERCIAL & FINANCIAL CHRONICLE
1208
H
50,000
State
bil (S. Int. No. 839) w.qs
For
;v '
\
v>l'
Co.,
.'
$400,000,
.
100.14
l^sl
CNet interest cost' 1.23%.)
First National
Bank,
r --^
Morganton,
Is, and
HAs
For $75,000,
$325,000,
;
'i
;
, -
-100.018-
(Net interest cost 1.231%.)
\ ;
v
[Volume 163
Number 4469
Scott, Horner & Mason, \ n
and ■1
7• 7 7\':7.7'77'''
THE
bonds are[' due on April
1, 1968.
'h Holders should present their bonds
together with Oct. 1,1946 and sub-*
(
7
.Goldman, Sachs
&. j o
intly|
■■
& Co., 7■'•■■■*
For
7S>7 ■
7
1
Trust
First
called.
Bank,
Co.,' New
payment.
'77,,
Shelby, ':7 7
For $129,000,
Is,
;
:
"7 $128,000, 114s, and
$143,000, 1V2S ——I—100.944
(Net interest cost 1.271%.)
000
and
ed
offered
to
of
Dickson
&
Co.,
Curtis
of
163, p. 953
syndicate
composed of Fox, Reusch & Co.;
of Cincinnati,
Ryan, Sutherland &
Co., of Toledo, Peoples National
Bank, C. F. Cassell & Co., both of
a
l%s.
as
i;
l%s.
•
'
For
| bonds
.
■■
|
l
Is.
as
170,000
Interest M-S.
b 11
p u
bonds.*
For
nance
Fox,
$20,00(f maturing I
$5 000 March
1
1949 to
1952,
5s; $138,000 maturing March
1, $5,000 in 1953, $6,000 in
1954, $7,000 in 1955, $12,000
as
in
1956
|
to
1965, as IV4S, and
maturing
March
1,
Is.| Interest M-S.
$12,000
1966 as
following
refunding
amounting to $92,000
•
o
bonds
for payment on April 1,
Chase National Bank, New York
City:
,
Passed
p.,
an
—
were
ordi¬
awarded
$295, equal to
basis
of
a
about
Dec.
Bradford,
price of 101.052,
1.116%, Dated
$86,000 6s, and $614,000 Is, at a
price of par, a net interest cost of
B[
s. Dickson. & Co.,
John Nuveen & Co.,^
<v„
v
NORTH
I
DAKOTA
Greensboro jointly '
For $65 00Q 4s
$299 000
Is and $336 000" 1 %s-aiil00.00
(Net interest cost 12449% )
.Bank, Chicago, and
nnn
'
<SS« nnn
Kinston,
bonds
Voted
1
l.
N.
—
?
|at
the election held on Feb. 28.
Dated April
15, 1946. These bonds
are due in 1948 to 1966.
"
following
tion held
;
c
,
A. * w
Williston Sch. Dist., N. Dak. '
street
M nnn
435,000 nnwer plant improvement II
power nlant imDrovement
7
Donas*
r
I
65,000 water plant bonds.
50,000 sewer extension bonds..
7
school
tion
Election—An
construction
bonds
issue
and
^irst
Williston
at
State
—
a
v.
and
the
both of
118 —. were
Bank,
163,
p.
price of 101, a basis of
Denomination $1,-
about 1.145%.
of
000.
These bonds are due
$10,000
on
Jan. 1, from l^47 to 1951
inelusive.
4
"
J ;
'
1
-
renova¬
amounting to $6,000,-
at the election to be held
on
'g:*lOHIO
v
April
;•
Plymouth N. C.
Call—M.
W. '
Spruill,
Town
Clerk, has announced that •
the
general
refunding
bonds,
amounting to $9,000 and numbering from 1 to 9. are called for
payment on April 1. Dated April
1,' 1938. Denom. ! $1,000. These
*
\
i
.
-
'
-
^
-V
'
'
'
•
1 r
«
.
.were
-
,
Alliance, Ohio
Bond Sale—An issue
of $40,000
East
Main
Street
improvement
bonds offered for
sale on Feb. 21
—V. 163, p. 827—was
awarded to
Braun, Bosworth & Co.,
Is, at
about
1946.
bonds
and
'
1
.
Inc.,
a
due
$2,000
'
v
*
'
*
March
on
Sept. 1,1947 to 1956.
.)•*..
f
as
price of 100.807, a basis of
0.855%.
Dated March 1,
Denom.
$1,000.
These
are
5
1, 1951, or on any interesi;
date thereafter at
par and
the legal depository of the City.
Payment of these bonds is secured
by a mortgage on all the
property of said light and
power
generating plant
and
distributing
system and the
revenues derived
therefrom
and
onall; additions
extensions thereto,
including
a franchise. A trustee
shall be selected by the
City and by the purchaser of the bonds by
agreement.
Bonds; are issued in accordance
,
and
with
OK^dinance No.
111, 1^46.
17 passed Fete*,
Notice is given that
there
a
mortgage on said prop¬
erty securing
outstanding bonds of
-
Bond
recently
to
accrued
interest.
Principal and
interest payable at the
office of
is noW
O00 will be submitted to the voters
16.
$50,000
Bank.
.
American
sold
Mecklenburg County (P. O. Char¬
lotte), N. C.
'Bond
revenue
only
P/2%;. series: of 1946, refunding
bonds awarded on Dec. 31 to
the
improvement
bonds.
i"
A 'l4
.
Bond Sale Details—The
Feb. 19:
on
;
,
amounting
to
$1,685,000
favorably voted at the elec¬
7$1,135,000
light
$i,ooo.
These
bonds 'are
due
$5,000 March and
Sept. 1, 1951 to
I960, and may, at the option of the
City be called in inverse order on
to $345.000' not exceeding 4% in- March
terest was submitted to the voters paying
ion 079
C.
The
mortgage
,
Bond Ordinance
Passed—An
dinance
or¬
was
passed recently by
the Village Council
calling for the
issuance of the fire
apparatus pur¬
chase .bonds
amounting to $5,000,
that
carried
at
the
November
election iir 1945.
4
,v,;
•
;
'
/)! >
.
k;
'J
library bonds
7
until
1
The next
*
j
•
•
1
the par value of
$160,000, that the
bonds offered- for
sale will be
secured
by
a
second
mortgage on
utility and subject to prior
lien thereon
securing the payment
the
of
the
first bond
proving opinion
&
issue.
of
The
ap¬
Peck, Shaffer
Williams, of Cincinnati; "will
be
furnished the purchaser at the ex¬
pense of the City.
These *bonds
are
part of
an
authorized; issue of
$300,09Q..
7,
-
noon
purchase
1Q4|:)
of
11
$25,000
4%
motor
Dated
hnnHc
bids
for- the
Dec.
1,
dim
bonds are due 4:^00(1
$5,000
Dec. 1, 1947 to 1951.
Bidders may
bid for a different
rate of inter¬
est in a
multiple of V4 of 1%. No
conditional bids.
The approving
opinion of Peck, Shaffer & Wil¬
liams, of Cincinnati, will be fur¬
nished the purchaser at his cost.
Enclose
certified check for 5%
a
of the bid.
^
1
!
Ohio
(State of)
Market Unchanged—J. A. White
&
Co., Cincinnati,' reported under
date of Feb.
27, as follows: ,7 7 ;
For the first time this
year, our
indices of the market for Ohio
municipal bonds did
week.
Prices
not rise this
have
held
steady during the week
indices
all
are
for
at
ago,
20
our
unchanged today
week
a
about
and
yields
of
Ohio
bonds, 1.02%
grade names and
1.30% for lower grades.
for
10
high
/, ;•
Ohio
State
Bridge Commission
7
(P. O. Columbus), Ohio
\ J
Bond
Call—Ray Palm,er, Secrertary-Treasurer of the State Bridge
Commission, has announced that
various
numbered
bonds
nue
amounts
in
stated
for payment
bridge
the
on
reve¬
aggregate
below
called
are
April 1:
[ .7,
$40,000 3^% Pomeroy - Mason
7:
bridge bonds. Dated Oct. 1,
Due Oct. 1, 1956, and
[7 redeemable April,
1, 1937, or
on any interest payment date
thereafter. Payment of the
of
;>.)
sub¬
(
mitted) to th§ voters at
thei elec¬
tion to be held next
November.
7/;
principal
77
bonds
after
Euclid, Ohio
Bond Offering—W. A.
Abbott,
City Auditor, will receive sealed
to
sealed
March
bonds.
Thpcip
:
Lyle, City
receive
on
equipment
bonds
,,
:
•
|||: 1936.
issue
7
7.'
amount¬
v^-V: Norwood, Ohio
Bond Offering—G. E.
Auditor, will
Edgerton ]Sch. Dist., Ohio
-(oBorid h Election—An
ahiounting to $150,00 will be
^DaiSriS'tiPnom
North Dakota
29375% V:
vol
/o.)
power
election to be
future.
.7
Library
ing to $250,000.
1.16%
an
near
Bond
from
Tpwnship Sch- Dist. (P. O.
Coalton), Ohio
Newark, Ohio
Election—The
«Board has been advised
that it may
submit to the voters at
the pri¬
mary election to be held in
May,
an issue of
1
Ryan, Sutherland; & bids until
noon on March 1 for
Co., of Toledo, as Is, at a
the
price purchase of
of 100.289, a basis of about
$66,000 4% public im¬
0.94%.
Bond Election Held—An issue
of construction bonds amounting
1*
^'
t 50.M0 (gpfib&silui)ni
i; rh auditorium
I;, 84.00
Bryan,' Ohio
Bond Sale r—The electric
awarded
.
Valley City Special Sch. Diet.,
<6190 nnn
tfpt interest rnit'
Set
|(Net tnfprpd- cost
>•
>
louis,
*
V/r
Cumberland, QJiio
116U4
Jil) 4
■
May 7.
1950, and $7,000 in 1951 to 1956,
7
will
be
of
made
said
on
April 1,71946,
or
;
tiable form, accompanied
by
all April 1, 1946, and subse■
if, quent coupons, at the Guaranty Trust Co., New York.
-
i
Coupons
maturing
April 1,
be paid
the
presentation and
surrender of such coupons.
§;7 1946, and prior will
3?
Bidders
may bid for a different
interest in a multiple of
lk bf 1%. The
approving opinion
amount
on surrender of said bonds in nego¬
.........
^CTnViC"(^0nsteLou^a
•nfritlv
are
Bond Election—An issue of water
works improvement
bonds
provement
amounting to $150,000 will be sub- The next highest
special
assessment
bidder was Strabonds. Dated March
mitted to the voters at the election 1 nahan, Harris & Co.,
1,1946; Due
Inc., for i.lOs, Dec.
1, as follows: $6,000 in 1947
to be held on April 1.
'
Harris Trust & Savings
were
va%
bonds amounting to
$100,000 and
offered " for "sale
..
voters at the
to be held on
;
262.00
7
and
Vancp Securities Corp..
Bonds
company
of
»
First of Michigan Corp.,
j
R?an suthw£nd°&pany"" 11/4%
be accom-'
I panied by proper instruments
I assignment and transfer.
Price Bid
wi
I
the
These
held iri the
$290.00
usu^V courre,!.^clv^registe^dL^^-—^S^J^
bond, surrendered must
"
Bidder
16
J- A-white & company_t7i^«
l^e presented for payment ihlhe
[provident savings Bank &
1.1999%., Other bidd?rs^ere,as
follows;
may
to
to the voters at
,
thereof,
:
ing to $25,000 may be submitted
Denomination $1,are due $1,000
on May and
Nov. 1, from 1947 to
1960
inclusive, j' These
are, the
bonds
•
Co.,: jointly, for
a
Bond Election
Planned—Ah is¬
sue of
construction bonds amount¬
,
&
"
.i
County (P. O. Carrollton),
-
7as
premium-of
.
Stroud
,rit
Coal
wo™
and
t?
Enclose
Bond
Election—An
issue
of
$116,000 grand stand bonds will
be
Min-
1, 1946. Denomina¬
13,000 school bonds.
$1,000. The next highest bidr
All dated April
1, 1935.
Due
ders were Blyth &
Co., Kalman I April 1, iy«5t>. 4 Bonas presented Hbrids o.riginaHy>ffered on Jan. 7,
Bonds preseniea
ounus
f
iJieacutcu|f
& Co., and McDaniel Lewis Sc
aii
Hirio rananro^
all
hiric
Co., must be accompanied by all courciected
jointly, for $26,000 3Mjs, $338,000 pons for interest
Other bidders were as
accruing after i®}.®
.< V1??; eiaaers were as
IS, and $336,000 lV4s, at a price of April
1, 1946. Coupons for inter\
100.014,
net
interest: cost > of est payable on.
Int
PreApril 1, 1946, may [ Bidder
Rate
mium
1.183%, Scott, Horner & Mason, be
attached to the bonds for payment, or, if detached from the
bonds by the holders
Stat-
—
Clear Creek
Township Local Sch.
Dist. (P. O.
l,v 1945.
These
to
:
amounting to
$1,900,000 will be submitted1 to
the voters at the
primary election
to be held on
amount¬
Stoutsville), Ohio
Brothers,, of
000.
1935
year
tho bonds that
failed to
carry at the November
issue of water
a
a
tion
An
—
Byesville, Ohio
Offering
Guy W.
May 7,
_
I
Dated March
•
Bond Election—An
issue of con¬
struction bonds
amounting to $88,000 will be
w a
total of$700Hon"
resubmitted to the
g ^ * P* $/UU,UUU.
f)-) voters at the election to be held
Bradford Local Sch.
on March 5.
Dist., Ohio
These bonds failed to
Bond j Sale—The
lm$28,000
carry at the November election
in
provement bonds offered for sale
recently
,
/
'
Planned
primary election
An
*r
permits the issimnrelater
nich
$25,000 street improvement bonds.
16,000 public improvement bonds.
28,000 general municipal bonds
10,000 street, water and sewer
bonds.
-
■
issue of
Carroll
will
IT/Jfb°nds ,amoun7
® $450,000 was passed recent-
called
at the I
are
Bucyrus, Ohio
submitted
7;
calling for
y
•
$50,000.
:
,
deadline. !
multiple nf ia Of i of
Of 4
1%.
certified check for
Ohio
Barherton, Ohio
|S
I the
improvement)
c
7
Ordinance
matunng March 1, $8,000 in I
1953, $15,000 in 1954 and 1955,
520,000 in ,1956 to 1965.. as a, net ihterest cost of
1.931%,, ,
1 Vis, and $260,000 maturing I
Bonds Called — Carl
Spencer, I
$20,000 March 1, 1966 to 1978, Town
Clerk, has announced that1
nrvn
Dist.,
May 7.
Lakewood School
District, Ohio
Bond Election
An issue of
construction bonds
Par
.
Village Clerk, will receive
sealed bids until noon
on March 7
for the purchase of
$5,000 3% fire
apparatus bonds.
Dated Dec.
1,
1945. Denomination
$1,000. These
bonds are due
$1,000 on Dec. 1,
1947 to 1951. Bidders
may bid for
a
different rate of interest
in a
be submitted to
the voters at the
be held next Novem-
b
,1%
mnltiniA
Sch.
amounting to $150,000
be.r'
after
Election
Bond
election to
Interest M-S.
100.427
leer,
amounting to $2,250
Archbold
to $10,500 will be
submitted to the
at the
primary election to
be held on
voters
100.026
improvement bonds
ing to $400,0001
'
Bond Election
Planned—An is¬
sue '■ of
gymnasium - auditorium
Interest M-S.
was
received
—100.58
be
iW'b"
lVa%
Co
street
submitted;-to the voters
primary election to be held
May 7. "t
on
highest
Reusch & Co.,
Browning & Co.,and Hamilton &
ininfw
fnr
^^4 nun
Co., jointly, for $34,uuu 4<?
4s, and
ana
$49,000 l%s, at a price of 100.001,
bidder
Bosworih & Co..
&
amounting
may be called this
to submit to the
voters an
1.100.06
r.
100.759
—
"Bid
at the
Dated March 1, 1946. Denomin¬
ation
$1,000. & The next
$530,000 water bonds. For $32,000
i
maturing
$8,000
March
1,
.1949 to 1952, as 5s, $238,000
z
'
v
_———
100.085
IVa',v
&
Co..._
of Bryan (for
$20,000)
,/
Bond Election—An
issue of fire
truck bonds
will
&
Bid
Citizens National Bank
Alvordton, Ohio
.
net interest cost of 1.1792%:
Pohl
Heimerdinger ——100.43
$12,000
,r maturing
$1,000
March 11,
1947 to 1958, as 2s, and
$1,000
1
maturing March 1, 1959, as
Charlottesville, and Browning &
Co.; of Cincinnati, and Hamilton &
Co., of Chester, at price of 100.002,
—
Inc.
and
13,000 school bonds.
White
Braun,
Walter, Woody &
1952, $5,000 in 1953,
i $6,000 in 1954,
$1,000 in 1955,
$2,000 in 1956, $3,000 in 1957,
$4,000 in 1958, as 2s, and $21,000 maturing March 1,
$5,000
in 1959, $7,000 in
1960, $4,000
in 1961, and
$5,000 in 1962,
Feb. 26—v.
A.
-.100.37
.
114 Bonds
Stranahan, Harris & Co.y7'777 ■'"i;''
For
Harris
Co., Inc.
"J.
Kunkle Sch. Dist., Ohio
Bond Election—An
issue of ga¬
rage construction bonds
Rate
•
Rate
1.10%
Stranahan,
follows:
Price Bid
For
$49,000 maturing March
1, $4,000
in 1947, $5,000 in 1948 and
1949, $6,000 in 1950, $4,000 in
amounting to $700,000 and offered
'mo
S.
"
Ryan, Sutherland & Co..—.100.18
Fox, Reusch & Co.————100.13
Bond
Paine, Webber, Jackson & '■ 7:777; election
Feb.
on
as
•
J. A. White & Co.
1.883%.
following bonds
-
sale
$70,000 general bonds.
Hickojry, N, C.
a
for
were
Int..
L Bidder
For 1% Bonds
Hayden, Miller & Co._.—.100.55
Provident Saving Bank &
Trust Co., Cincinnati
100.42
date
on
1082—were award¬
p.
R.
1951
to
for
Charlotte,,, and McDaniel Lewis &
Co., of Greensboro, jointly, at a
price of 100.007, a net interest cost
.
awarded
ceases
Hayden, Mil¬
at a price of
7,..7:,
Is,
Other bidders
Sale—The
26—v. 163,
Branch' Banking & Trust
Co., Wilson, and
[Vance Securities Corp.,
Greensboro, jointly,
'77/777:
For $75,000, 314s, and
$325,000, Is
100.00
(Net interest cost 2.785%.)
on
Interest
City,
was
Co., for
Bidder
funding bonds amounting to $83,-
Durham,
—were
York
&
100.55.
Spencer, N. C,•>
following re-r
Bond
First Securities Corp.,
for sale
ler
/;7!777v7.:;'777';';7
■
Bond Sale—The
highest bidder
sequent interest coupons attached
at the Central Hanover Bank
&
$75,000, 6s, and ; i <
$325,000, Is —..J-.
101.002
(Net interest cost 1,244.
5
National
COMMERCIAL & FINANCIAL
CHRONICLE
upon
rate of
115,000 2% Sandusky Bay Bridge
of
P
Peck, Shaffer & Williams of
Cincinnati, will be furnished the
purchaser.
check
Enclose
for
$660,
a
*
certified
payable
to
the
City^Mf®
Bonds
)■; redeemable Oct. 1, 1940,
|7 principal
/
bonds
so
amount
called
of
for
tion, will be made oh
i) April 1, 1946,
said
redempor
after
surrender of
on
said bonds in negotiable
form,
accompanied! by all April .1,
1946, and subsequent coupons,
1969 bonds at
a price of
99.708, as
result of the call for
tenders on
Feb. 18, of
refunding bonds dated
Jan. 1, 1939,
' • '
a
,
or 011
interest payment date
thereafter.
Payment of the
any
Cleveland), Ohio
Purchased—The village
$15,000 2-5% issue of
Dated Feb.
1, 1940. Due Oct. 1, 1948, and
f;
7
Fairview (P. O.
purchased
refunding bonds.
at the Chemical Bank & Trust
)7
,
Co.,
New
York, or at the
Treasurer's office, Columbus.
Coupons
maturing
^7 State
Franklin, Ohio
Bonds Voted-r—An issue of
gutter
and
sewer
ing to $150,000
ed
at
the
vember.
bonds
was
election
7 7
April 1, 1946, and prior thereto, will be paid upon the pre¬
street,
amount¬
sentation
favorably vot¬
held
last
.
\-
Township Local Sch. Dist.
(P. O. Mercerville), Ohio
S >
Sale
The
—
$31,000
con¬
struction bonds offered for sale
Feb. 18
v.
163,
—
awarded
to
the
on
706 — were
Commercial &
p.
Savings Bank, of Gallipolis, at a
price Of 105.93. Dated
May 1,
1947
These
to
bidder
Brink,
100.32.
,
,
7
,
of
'
<
1%% Steubenville-Weirbridge refunding bonds.
Dated Sept. 1, 1940. Due Oct.
1, 1950, and redeemable April
1, 1941, or on any interest
payment date thereafter. Payton
Bond
1946.
surrender
.
75,000
Guy an
7'
and
) such coupons.
No¬
bonds
1962.
was1
,
The
the
Gallipolis,
-
-due
are
next
:n
highest
i;;
ment of the
of
said
principal amount
bonds
redemption
so
called
together
for
with
a
premium of 1% of* such prin¬
cipal amount, will be made
on
or
after April 1,
1946, on
of said bonds in
First
National
surrender
at
price
negotiable form, accompanied
by all April 1, 1946, and rub-
a
J.*..;7-,*
of
T
THE COMMERCIAL & FINANCIAL CHRONICLE
1210
Chemical
in 1956.
Co.,
'
York,
or
in 1950 to 1956.
maturing April
f946, and prior thereto, will
Coupons
The bonds will be
Prese"ta^.n
cou-
and
Inferesi
accrue
selvn
Bonds Voted—An issue of con¬
'
O'lio
River Sch. Dist.,
Rocky
Bond
McAlester Sch. Dist., Okla.
1
-
•
Mildred Jos- struction
District Clerk - Treasurer, $200,000
Offering
• 1
•
.
.April 1, 1946.
amounting y to
bonds
•
—
was
favorably voted at
the election held on Feb. 12.
sealed
bids un
R n m
on March 14 for the purMedford, Okla.
chase
of $960,000
Bond
Election—The following
bonds. Dated April 1, 1946
ue
bonds amounting to $79,000 will
'receive
will
3%gboildnig
Jonhnafion^OOOnDueDec.i,^
$4Z,UUU
follows.
"interest
of
1%. Said
la
I multiple
in
election to be held on
$31,000 water system bonds.
48,000 community building
of % of
Okfuskee
from
bonds are Payable
the
March 12:
be submitted to the voters at
Rid-
196i Ml
in 1964 to
and $41,000
.'/■
<
County
Bond Election
bonds.
O.
(P.
Oke-
Planned—An is¬
bridge construction bonds
amounting to $200,000 will be sub¬
mitted to the voters at an election
of
sue
taken un er
have been
be held
to
#rfes a wffl
Skiatook,' Okla.
^
sw'-SSaa
proving °Pimon
check for
WW
si Bond
Sale
Waynoka, Okla.
^ Bond
$74,000
Re^f &954^wefe sdd'aTl%s,
?
y i
These
1
Oct
$3,000 i"
1975, and $4,000 m 1976
to
1968
1961 to 1967,
and 1977.,
inverse
will
offered for sale on Feb. 18.)
OREGON
maturity. .*
Bond
■
-.J
Offering—Edwin K.Pot
-Bond
,
will receive sealed
rierk
SdsuntUnoon
Byrne,
Township Sch. Dist.
(P. O. R. D. No. 6, PittsllAAAvrt'-y: burgh). Pa.
Bond Sale—The $120,000 coupon
163,
bonds
Offering
Secretary
—
of
of
wealth,
all
District
assumes
such
vided
bid
offered
27—V.
Feb.
1, 1946 and due $6,-
March 1 from 1947 to 1966
Second
iy4s
bid
of
made
by
high
was
Singer,
Deane & Scribner,
E. H. Rollins & Sons, jointly.
and
Charles D.
the
State
on
ing bonds offered for saleon Feb. to be constructed from the sale of
20 were awarded to the J. E. E1®1
the bonds, and (c) by a compul¬
sol Bond Co, of Oklahoma, at a sory student building fee.
The
nrice of par, a net interest cost of total available annual net income
1 43%, as follows: for
to service the bonds is estimated
$18,000^maturning $3,000 in 1951 ta 1956 as conservatively
to
b en$10,628.
liAs, $12,000 maturing $3,000 m Bonds may be redeemed by the
and
next
$5,000 in 1965 as IVeS.
The
highest bidder was -Calvert
for $42,000 lV2s, and
at any
prior to the delivery of the
legislation which
$5,000 IV4S.
•
^after.APri1 i, 1950, in accord¬
with terms stated in the
ance
:
/
Bond Election—An issue of $10,-
-'dOO
water
system
ThP
impr°vem^J
f
01
bonds, not exceeding 5% .interest
will be submitted to the voters at
the election to be held on
4. These bonds are due in
s
.
Bond
Town
; The
bonds will be
delivered in Portland, either to
the purchaser or his designated
|
Butler, Okla. ;
but
R°n nr ^n°Ut April
1946-'
?r Wl11 make the award
bonds on March 12, 1946
4u
the
the
right to reject
any or all proposals received. The'
approving legal opinion of Chap¬
man & Cutler of Chicago, will be
March
20 years.
Leedey, Okla.
•
Offering — Russell vale,
reserves
furnished the successful bidder. A
prospectus and further informa¬
Clerk, will receive sealed tion may be obtained from H. A.
p.monMarch 4 for Bork, Comptroller, Oregon State
purchase of the following Board
of
Higher
Education,
bids until 2
the
bonds amounting to $10,U0U.,
.
:
Eugene. Enclose a certified check
$6,500 water works extension and for $3,000, payable to the Departimprovement bonds. Due $1,- ment of Higher Education.
j: v';
$500,000, not
exceeding 3% interest—v. 163,
are
advised
p.
as'-follows:
1, 1946. Denomination
$1,000. Due April 1, as follows:
$13,000 in 1948 to 1950, $14,000 in
1951 and 1952, $15,000 in 1953 and
1954, $16,000 in 1955 and 1956,
$17,000 in 1957 and 1958, $18,000
in 1959 and 1960, $19,000 in 1961
and 1962, $20,000 in 1963 and 1964,
$21,000 in 1965 to 1967, $20,000 in
1968 to 1974, and $10,000 in 1975
and 1976. Subject to redemption
at any time after April 1, 1961.
(12V3-163/4-year optional-average.)
The rate of interest to be paid
shall be determined by the ac¬
ceptance of a bid for the bonds,
submitted in accordance with the
notice
of sale
and
fixed
shall be
Resolution of Council imme¬
diately prior to the award of the
contract by the said Council to
the highest and best bidder there¬
for, so as to procure the sale of
by
by the repeal or ,omis¬
t j
rlv'C)/:
est
cost
may
to
the .City.
includes
which
character
a
State.
desire
It is
under¬
to
handle
the
program.
SOUTH CAROLINA
these
Chesterfield County (P.O. Chest~
erfield), S. C.
bonds, will, at the election of the
purchaser, relieve the purchaser
from his obligations
under the
Rivers, County Treasurer, has
terms of the contract of sale and
nounced that the sale of the
entitle the purchaser to the return
000
of the amount
(
Bond Sale Postponed—John
R.
an¬
$200,-
refunding bonds scheduled for
22, has been indefinitely
postponed by order of the County
deposited with the
March
and interest payable
Bank, Shen¬
bid. Principal
at the Union National
Sinking Fund Commissioners.
andoah. The opinion of Frank J.
SOUTH
be furnished, to the
successful bidder; any additional
legal opinion which may be re¬
quired must be paid for by the
Toole, will
These
bidder.
successful
bonds
purchaser only if and after the
proceedings authorizing - the is¬
have
thereof
suance
been
Huron, S. D.
ap¬
the
$43,000
payable
bonds,
the
to
issue
of
bonds was defeated
at the election hqld on Feb. 19>,
lacking the necessary favorable
of the face amount
check for 2%
Defeated—An
Bonds
proved by the Department of In¬
ternal Affairs. Enclose a certified
of
OAKOTA
Aberdeen, S. D.
Bond Election Planned—An is¬
sue of paving bonds amounting to
$70,000 may be submitted to the
voters at an election to be held,
this Spring.
will be sold and delivered to the
sewer
majority of votes.
District Treasurer.
•
•
bonds
The
be registered as to principal
only and the full faith and credit
City is pledged for their
of -the
with
payment
interest
and
the
taxes assumed. The bonds will be
sold
delivered
and
v
to
the
pur¬
chaser only if and after the pro¬
Penn Township Sch. Dist. (P'>
Wilkinsburg), Pa. '■
'
'
0.
<
.
>
Bond Election—An issue of con¬
bonds
struction
amounting
to
$700,000 will be submitted to the
voters at the primary election to
be held on May 7,
Sunbury, Pa.
$82,000
Sale—The
Bond
p.
TENNESSEE
park,
and flood control bonds of¬
sewer
fered for sale
on
r;
Feb. 25—v. 163,
827—were awarded to A. Web¬
1966.
was
Dated March 1,
The
100.659.
follows:
Rate
Bidder
Offering—P. J. Brennan,
13/4, 1%, 2, 2V8, m> 2%, 2V2,,2%,
23/4; 27/s or 3% coupon refunding
bonds amounting to $46,000. Dated
April 15, 1946. Denomination $1,000.
Due Oct.
15, as follows:
$2,000 in 1947 to 1957, and $3,000
in
1958 to
1965. Bids will be
re¬
ent rates of interest will be
only. The bonds and the interest
thereon will be payable without
deduction for ahy tax or taxes,
-
except
succession
i *■
or
inheritance
Humboldt, Tenn.
Geo.
E.
G.
H.
Applegate, jointly
1%
& Sons
1%
Rollins
Halsey, Stuaft & Co.J„_
l'/eft
Schmidt, Poole & Co
.AV*f/o
Joseph Lincoln Ray,
Sunbury
W. H, Newbold's Son & Co.
'
issue
of
in¬
plant bonds amounting to
$120,000 was favorably voted at
100.57
100.43
the election held on Feb.
100.415
101.220
-
.Tenn.
1V*%
100.51
1V4%
100.119
Thornburg (P. O. Pittsburgh), Pa.
100.575,
a
Dated Feb.
These
basis of about 0.881%.
1, 1946. Denom. $1,000.
bonds
due
are
1, 1947 to 1956.
follows:
19.
Weakley County (P. O. Dresden),
•/ Bond Sale—The $10,000 general
obligation bonds offered for sale
on
Feb. 11—v. 163, p. 707—were
awarded to Fauset, Steele & Co.,
of Pittsburgh, as Is,' at a price of
Feb.
Voted—An
Bonds
dustrial
and
;
Bond
*
M.
Edwards, County Court Clerk, will
,
Offering
Charles
<
receive sealed bids until 2 p.m. on
March 6 for the purchase of $425,000 series of
v :
':A»
Price Bid
p|
1945, electric revenile
bonds, not exceeding 2% interest.
1, 1945/ Denomination
$1 000. Due Dec. 1 as follows: $10-
Dated Dec.
in
000
1948
and
in
1949, $15,000
1950 and 1951, $20,000 in 1952 and
$1,000$on 1953,
$25,000 in 1954> and 1955,
Other bid¬ $30,000 in 1956 and 1957, $35,000
•Az/AA/;.;-For 1% Bonds -Afyy]
Phillips, Schmertz & Coi- -100.064
;
in
1958, $40,000 in 1959 to 1962,
$30,000 in 1963. Bonds num¬
bered 11 to 425, inclusive,
are.op-g
and
tional in inverse numerical order
Dec.
1; 1948, and on any inter-g
date thereafter at par
plus accrued interest plus a pre¬
mium per bond of $2.50 per year ,
Moore, Leonard & Lynch_._100.183
or fraction thereof intervening beFor 1^% Bonds
ween the redemption date and the
E. H. Rollins & Sons
100.569 stated maturity date of the bond.
Glover & MacQregor100.048 Bidders are requested to name a
For
1JA% Bonds, / :v
.
;
Singer, Deane & Scribner_101.78 h
S; K. Cunningham & Co.__100.615
on
est payment
rate
RHODE
;
ISLAND
>
Bill Would
,
j
x.
Establish Agency—
Rep. Charles L.
or
rates of interest in multi¬
ples of V4 of 1%. The bonds will
Island Bridge
Southern Rhode
Authority, R. I. [
con¬
sidered. Registered as to principal
at the election held omMarch 26.
100.581
Phillips, Schmertz & Co.,
ceived
only for the entire issue
and at only one rate of interest,
and no bid combining two differ¬
plant bonds amounting to $150,000 will be submitted to the voters
Bid i
*
Co.,
Hemphill, Noyes & Co., and
&
Bidder V-
DistrictJ Secretary,
will receive
sealed bids until 8 p.m. on April
11 for the purchase of 1V2, l5/8»
as
water
Price
Blair
Dyersburg, Tenn.
Election -r An issue of
works and electric power
Bond
of
were
for
ders were as
* Bond
price
'
Inc.,
and
bonds are due $3,000 on
July 1, 1946 and Jati/ahd July 1,
1947 to Jan. 1, 1956. Interest J-J.
highest
Ripley &
Is, at a
Other bidders
Co,.
FoX,
to
These
next
Harriman,
awarded
of
Memphis, jointly, as Is, at a
of 100.04, a basis of about 0.99%.
1946.
to
were
Reusch & Co.,
of/Cincinnati^
Herman
Bensdorf
&
Co.,
Lynch,Vof Pittsburgh, jointly," as
Is, at a price of 100.8155, a basis
1947
light
water bonds offered for sale,
recently,
Dougherty & Co., of Phila¬
delphia, and Moore, Leonard &
bidder
Covington, Tenn.
Bond Sale—The
$60,000
and
ster
V'A Shenandoah Sch. Dist., Pa.
Walsh, Newport
be
awarded", to
bidder
whose
the
bid
responsible
results
lowest interest cost to the
in
the
County
without the consideration of pre¬
miums except in the case of bids
Democrat, recently introduced a
otherwise resulting In identical Mbill in the legislature providing
for establishment of the
above terest cost.
■1.1:
-f'-iyy
■
Art'i':1} AA"
the
otherwise, financing aspects of the
Federal income tax
a
the interest on bonds of a class or
said bonds at the least inter¬
i
■
to
subjects to
■,
i
revert
sion of exemptions or
Higher Education
*fly 1 A161".?1 payment date on
prospectus.
given
a
4, of the various issues of coupon
1
& Canfield,
bond's
reveune
bonds amounting to
•
or
Presi¬
indicated
gggg
Board of
Sheffield,
project. - Upon • retirement of the
indebtedness, the' facilities would
Denomination $1,000. These
bonds are due on March 1, from
State
P.
issued in connection with
of
of about 0.813%.
V/4S'0a^d+$ IkS
1961 to 1964
William
stood that financial interests have
-
as
Cowey, Chairman
in terms,
^'multiples ofV!
1960
F.
Newport Chamber of Com¬
Transportation Committee,
Bond Offering Details—In con¬
nection with the offering on Mar.
ceedings authorizing the issuance
dormitory build- i j
of such bonds have been approved
addition bonds. A ;Theo,bonds*
by the Department of Internal
snail have semi-annual:principali
Affairs, as required by Article III
be
of 1%. These retirements over a 25-year period,: of the
"Municipal Borrowing Act
are the bonds author ized at the the dates and amounts of which
of 1941, where such approval is
general election on Nov. 6,_19
• can be obtained from the pros¬
required.
These bonds are payable from un
pectus. Issued pursuant to Oregon
New Castle, Pa.
limited taxes.
No bids for less
V£mP\led Laws Annotated, Title
Bond Sale Postponed—The sale
than par and accrued
int?r^s^*u HI, Chapter 41, as amended by
Vip received
The approving opin- Oregon Laws, 1945, ■ Chapter 93, of the following bonds amount¬
ion of Pech, Shaffer & Whams and also Oregon Compiled Laws ing to $500,000, not exceeding 3%
Of Cincinnati, - will be furnished Annotated, Title III, Chapter 36, interest
has
been
postponed.
the purchaser. No conditional bids
Article 3, as amended by Oregon Originally
scheduled for March
will be received. Enclose a c§rtiLaws, 1945, Chapter 92.
Both 4, the bonds will be reoffered in
«ed check for 1% ofthebonds principal and interest are payable the latter part of March:
bid for, payable to the Board or at the office of the State Treas¬
$230,000 sewer system bonds.
Education.
urer, Salem. Bond service will be
235,000 city building bonds.
secured by a pledge of the follow¬
20,000
highway
improvement
Oklahoma
ing: (a) The net income, from an
bonds.
Broken Arrow Sch. Oist.,
existing women's dormitory, (b)
15,000 park improvement bonds.
Bond Sale—The $47,000 build, the net income from the addition
to
Felix
quired to retire the
the taxing limitations imposed
mg
maturing $3,000 m
petiti-
a
ty would be required to levy tolls
necessary to obtain the funds re¬
pay*
chase of $150,000
1957
and
able from ad valorem taxes with¬
districts
the/
Ferry
dent of the Chamber. The authori¬
face amount of the is¬
school
and
Newport
bonds of Federal
■n
♦
sion*
the
thereof," the amount of pre¬
offered, if any, over and
upon
Mt. V
ing the signatures of A. G. Hart¬
ley Ward, Chairman of the James¬
town-Newport Bridge
Commis¬
mium
by. law
Bridge
and
State Planning Board and
merce
in
the
tion urging its approval and bear¬
which shall be deter¬
obligations will be
of
Co. Accompanying the bill was;a
resolution of approval from the
of the
These
a
the'"v Jamestown-
Saunderstown
Jamestown
of the
this class. The enactment,
the
March 8 for.the Board of Higher Education, will
1 chase of $118,000 : building receive sealed bids at the Benson
bonds not exceeding 3% interest. Hotel Portland, Ore., until 4 p.m.
Dated' March !, 1946 Denomma- (PST) on March 9 • for the^ pur¬
•
Bridge,
account of such bonds during
time
New Castle, Pa.
operation
and
mined by deducting from the total
amount of interest to *be paid on
sue.
connectidn
ition
issue at the lowest interest cost to
life
in
of
Newport- \i
Bridge, and the acquis- i
Hope
than
not less
is
to take the whole amount
above the
on
agrees
and accrued interest. The
highest responsible bidder shall
be the one who/ having complied
with the conditions of sale, offers
Dated March
101.361 'for
and
construction
Jamestown
the
to
taxes
The bonds will be sold to the
highest; responsible bidder, pro¬
the District,
000
which
bonds
revenue
with
pay.
1083 — were awarded to
Fauset, Steele & Co., and S. K.
Cunningham & Co., both of Pitts¬
burgh, jointly, as lV4S, :at par plus
a premium of $1,819.20, equal to
101.516, a basis of about 1.07%.
p.
inclusive.
sue
future law of the Common¬
par
Jefferson
school
or
authority and authorizing it to is¬
.
Eastern Oregon College of EducaS
tion (P. O. Corvallis), Ore^A
ItharonvillcLocal
-V
/the
{These are the bonds originally
Said bonds are ca
order of TOaturujr «n
about 2.11%
to
amount bid.
«n,ny9rvri~
L^is.of
awarded
be
offering the lowest rate
of interest and agreeing to pay par
and accrued interest. ; Enclose a
certified check for 2%
of the
follows: $1,500 in 1948
«R2 000
in 1951 to 1960,
in
S2 500
in
bonds
as
iQc'n
.
Clerk,
594. Dated Feb. 1,
bidder
bonds
mature on
nrk-e of 94
iQ4fi
Offering—Nelson J. Parks,
will receive sealed
bids until 8 p. m. on March 4 for
the purchase of electric light and
power plant bonds amounting to
$85,000.;, Due $7,000 in 1949 to
1960, and $1,000 in 1961.
The
Town
De!ail^The
of
system purchase bonds
amounting to $75,000 was defeated
at the election held on Feb 21.
J;
next
at the
Dated April
issue
Defeated—An
electric
Board of Educa
payable to the
%
* i.
tion.
En-
bidder
the voters
to
regular meeting.
515—we
Bonds
.
sometime in the near
future.
,
is¬
sue
of
water
supply
bonds
amounting to $325,000 will be sub¬
Okla.Q,'0^m
mah),
•
ent
interest.
accrued
said bonds shall certified check
from and after amount bid.
on
to
cease
Enclose a
for- 2% of the
y.
Election Planned—An
Bond
lowest rate of mitted
and agreeing to pay par
interest
and
...
awarded to the
bidder offering the
paid upon the
surrender of: such
be
assessed
Township (P*.0.
Large), Pa,
.
or hereafter levied or
thereon under any pres¬
taxes, now
Jefferson
-3,500 sewer extension and improvement bonds.
Due $500
at the btaie
Treasurer's office, Columbus.
New
'
PENNSYLVANIA
1950 to 1955, and $500
000 in
the
coupons,
a t
Bank & Trust
sequent
Monday, March 4, 1946
>
■
>
i
■
r
;
•!
■
->■
'
Vs{
■
L'.
t
:
iii
Volume
-Number 4469
163
THE COMMERCIAL & FINANCIAL CHRONICLE
t To theexter# of $25,000 these
are : being - issued
for the
purpose of refunding a part of the
bonds originally issued for • the
acquisition of the County's electric
$25,000 park improvement bonds.
Due
$1,000 Feb., 1, : 1947 to
fconds•;■
-y 1971.
'
-
*
•
«
1
,
Bonds
\
120,000 street improvement bonds.
Due Feb.
Hood County (P. O.
Texas
.
2 V2 %
Granbury),
$17,000 in 1966 to 1968, and
:
$18,000 in 1969 to 1971,
25,000 water treating and soft¬
3
Approved —An issue of
and
2^4%
road
bonds
ening system bonds. Due $1,000 March 1, 1947 to 1071.
Dated March 1, 1946.
1, as follows: $1,000
amounting to $100,000 was favor¬
System, The remainder of the is* fin 1947, $3,000 in 1948 to 1950,. ably approved by the Attorneysue is being issued for the
;
$4,000 in 1951 to 1954, $5,000 General.
purpose
in 1955 to 1962, and $6,000 in;
of making additions and exten*
Hunt County Road District No. 1
1963 to 1971. - •
•
' • i
sions to said system. Bonds num- j
(P. O. Greenville), Tex.
•bered' 401 to 425, inclusive, are', 20,000 water works bonds. Due
Bonds Approved — An issue of
$1,000 Feb. 1, 1947 to 1966. yl
payable from the net revenues of j
road bonds amounting to $10,000
ihe County's electric system on a
125,00 seWer bonds. Due Feb. 1, as was
approved recently by the At¬
: follows: $1,000 in 1947, $4,000
•parity with $194,000 outstanding
torney-General.
in 1948 to 1952, $5,000 in 1953
bonds dated Dec. 1, 1938. The re~*
V
to 1962, and $6,000 in 1963 to
Houston, Tex.
maining bonds - of this issue are
1971. t.-y
Bond Offering—Roy B. Oakes,
" /• .yy.y: '
subordinate to such outstanding
20,000 city hall bonds. Due $1,000 City Controller, will receive sealed
"•bonds in the application of such
bids until 10 a.m. on March 13 for
Feb. 1, 1947 to 1966.
•revenues. Additional parity bonds
the purchase of various purposes
Dated
Feb.
may be issued in the future under
1,
1946.
Denom.1
the restrictions provided in the
$1,000. These bonds are part of coupon bonds amounting to $2,resolution authorizing the bonds. the $350,000 issue authorized at 550,000, not exceeding 3% inter¬
-..'•
1211
r;
•
•
.
Mercedes, Tex.
Bonds
■
.
•
.
'
Approved
(Net interest cost 1.53%.)
Quitaque, Tex.
Call
Leon Middleton,
Clerk, has announced that
the above City has exercised its
option to call for payment on
April 1, all outstanding A% series
Bond
The
—*
Moroney, Beissner & Co.,
jointly,
,
For $1,280,000, l3/4s, and
$520,000, iy4s
.-M00.20
Attor¬
ney-General
recently
approved
following bonds amounting to
$325,000, that carried at the elec¬
the
tion held
on Dec.
13, 1945:
$275,000 water works bonds.
50,000 sewer bonds.
—
City
of
19.37, refunding bonds
original issue of $66,000,
Oct. 1, 1937.
of
an
dated
These bonds mature
•
•
The County
will supply the up-,
proving opinion of Chapman &
Cutler, of Chicago. The right is
reserved to reject any and all bids.;
'No bids will be accepted for less
'than par and accrued interest. A
good faith deposit in the amount
of $8,500. shall be made by each
bidder in the form of a certified
check payable to the order ox the
the election held on
est.
Nov, 17, 1945.
:
}
gymnasium
^
•,
..
1
^
<
-j.',
^
sriV.
r-i
\ \i
v
"
inal
j
'
of construction
to
bid for
PurchasecU-An
Bonds
issue
■
of
building
improvement
b o n ds
Amounting to $125,000. was pur¬
chased on Feb. 15 by the First of
Texa$ Co., of San Antonio, as "2%s;
| These bonds are part of the $250,r OOO bonds authorized at the elec¬
'
on
Purchased—An issue
of
improvement bonds amount¬
ing to $25,000 was purchased recently by Crummer & Co., of Dal¬
las, as follows; $9,000 maturing in
1946 to 1955 as 2V2s, and $16,000
•maturing in 1956 to 1965 as 2%s.
: Dated Oct.
15, 1945f Legality ap*
proved by W. P. Dumas, of Dal-
»
•
'|as.
Cleveland.
Texas
the
Bid
Contest Bond Election—An injunction suit will be heard at the
February term of the District
(Court, contesting an election on an
Issue: of city bonds amounting to
; $120,000.
Cooke County (P. O. Gainesville).
to
1
v
•
Fort
Worth,
For,$100,000, 1V2S (noncallable)
100.75'
t
.
For
$100,000, IV2S (call¬
able) —
->.-.-._.>...i0045
(Net interest cost 1.4625%.)
Corpus Christi Independent Sch.
000p000Dis t+::Texasip:':Ph00M0
.
.
;
Bonds Voted—The construction
and. site purchase bonds amount-
'
ing tp $3,000,000 were favorably
Voted at the election held on-Feb.
•
"
23. Of the above issue, $2,500,000
were
sold subject to the election.
Dallas County (P. O. Dallas), Tex.
:
§
Bond Offering-r-Chas. A. Tpsch,
?; County V
Auditor,
will.
v
| sealed bids until 10
receive
a. m. on
March
7 for the purchase of hospital s/ej ries of 1946 bonds amounting to
,r $300,000.
These bonds are dated
April 10, 1946y
,
v:
•
{
Electro, Tex,
'
Bonds Voted —; The following
bonds amounting to $18.0,000. were
favorably voted at the election
held on Feb. 16:
;
1
r
•
'
y
Mclntyre
held
■
36,000
Franklin County
■
~
:
Bond
Election
;
issue of county hospital bonds
amounting to $50,000.
Galena Park,
V
Bonds
'
;
Texas
Purchased—The follow-*
to $3.10,000
purchased recently by R. V.
ing bonds amounting
were
Christie & Co.,
at
a
about
price of
7.;..
&
'
of Houston, gs 3^5,
100.454, a basis of
3.456%:
Due March 1, as fol*
$1,000 in 1947 to I960,
V and $2,000 in 1961 to 1971.
r
800,000 public building audito^rium
Coliseum, bonds
Due
-
1947, $10,000 in 1948 to 1952,
$11,000 in 1953 to 1957, $12,000 in 1958 to 1961, $13,000 in
1962 to 1065, $14,000 in 1966
to 1969, and $15,000 in 1970
.
*
.
.
.•
*r
±
'
.
I;
Harlingen, Texas
;
and offered for sale on
19—v.
163,
p.
516—were
B.
V. Christie
&
i
1, 1946.
Denom.
$1,000.
These bonds are due
$5,000 in 1947
to 1069. The next
highest bidder
was
Ranson-Davidson Co., at a
net interest cost of 2.49%.
1957 to 1971.
,
.
90,000 sewer extension bonds.
Pue March 1, as follows: $3,000 in 1947 to 1957, $4,000 in
1958 to 1970, and $5,000 in
-
;
Co.,
of-Houston, and Associates, at a
net interest cost of 2.417%, Dated
March
1961, $14,000 in
1964, $15,000 in 1965
tp (T968, and $16,000 in 1969
to 1971.
65,000 street lighting bonds. Due
March 1, as follows: $2,000
in 1947 to 1956, and $3,000 in
to
t
$575,000
awarded to
000 in 1958 to
1962
Bond Sale—The various purpose
tax supported bonds amounting to
Feb.
.
'
;
.
street
improvement
bonds. Due March 1, as fol¬
lows;
$10,000 in 1947 and
1948, $11,000 in 1949 to 1953,
$12,000 in 1954 to 1957, $13,-
on
Pr'i* .;
..;'•
to
$100,000 was ap¬
proved recently by the AttorneyGeneral.
Petersburg Indep. Sch. Disf., Tex.
Bonds Purchased—Ah issue of
$75,000 214% and 2%% series of
1945, school house bonds was pur¬
chased recently by Crummer &
Co.,
of
Dallas. Ly Dated
Nov.
15,
1945.
Legality approved by W. P,
Dumas, of Dallas.
and
Breakwater
bonds
of¬
cate
on
composed
of Halsey, Stuart
Merchantile-Commerce
Trust Co., of St. Louis,
Stranahan, Harris & Co., Inc., of
Toledo, First National Bank,, of
&
Co.,
Bank
and
par
date called.
'Raymondville, Texas
Bond
Election
Planned
—
The
City Commissioners recently ad¬
vised that they plan to call an
election in the
future to sub¬
near
mit to the voters
an
and
revenue
sewage V
issue of water
bonds
amounting to $300,000.
Reeves County Water Imp. Dist.
No. 1 (P. O. Balmorhea), Tex.
Bond Election—An issue of irri¬
gation bonds amounting to $124,,
000 will be submitted to the voters
at
the
March
election
in
2,
to
'
San
be
held
connection
Government grant
Bond
Bond Sale—The $1,800,000 Sea*
wall
oh
ceases
Port Arthur, Jex.
v
Said bonds
at
interest at the Guaranty
Trust Co., New York City. Interest
on
with
a
of $255,600.
Antonio, Tex.
Election
Planned
The
—
Cjty Council has been requested
call an election on April 9 to
submit to the voters the following
bonds amounting to $5,510,000:
to
$3,000,000 sanitary sewage system
improvement and extension
:'-7
&
'
bonds.
v
•
1,000,000 sewage treatment plant
bonds.
1,000,000 storm sewers bonds. f':
85,000 traffic signals bonds.
Bank, of Fort Worth, Dittmar &
400,000 fire alarm equipment
Co., of San Antonio, and A. W.
Snyder & Co., of Houston, at a V'".
bonds.
•,
price of 100.021, a net interest
25,000 street markers bonds; .■
cost of 1.286%, as follows:
For
San Benito, Tex
$461,000 maturing May 15, $1,000
in 1947, $2,000 in
Bonds Purchased—An issue of
1948, $3,000 in
1949, $146,000 in 1951, $153,000 in water revenue bonds amounting
1952, $156,000 in 1953, as lV2s, and to $300,000 was purchased recent¬
$1,339,000 maturing May 15, $158,- ly by the Kelley-Brown Invest¬
ment Co., of Dallas.
000c inii* 1954,
*
$161,000 in 1955,
Memphis,
Fort
Worth
National
...
$164,000 ift-1956, $167,000 in 1957,
$169,000 in 1958, $171,000 in 1959,
$197,00Q/!in 1960, and $152,000 in
1961, hs l^S:
Dated Ma^ch 15, 1946. Interest
M-N. 'The next highest bidder
''000^-00 00^
r
*'V"
•'
0 San Diego, Tex.
Bonds
Approved—The
\
1971.
365,000
•••
:
water
bonds.
lows:
in
system
extension
Due March ,1,<as
fol¬
$11,000 in 1947, $12,000
1948
to
1951,
'$13,000
in
follow¬
ing bonds amounting to $125,000
were approved
recently by the At¬
torney-General:
/
•
y-Vf
$40,000 sewer bonds,
.
2
85,000 water bonds.
•/
{
-
Sealy Independent School District*
Texas
plBond
;/,• y:
-
•
Offering — Vernon Mad¬
den,
Superintendent
will
receive
of
Schools,
until. 8
March 12 for the purchase
$100,000 school house bonds,
sealed
bids
p.m. on
of
not
exceeding £•:* 3%
interest.
April 15, 1946. Denomina¬
tions $1,000 and $500. Due April
jointly,
15, : as follows: $500 in 1947 to
For $1,800,000 1V2S, at a
price of 1949, $1,000 in 1950 to
1954, $1,500
100.15, net interest cost 1.485%.
in 1955 to
1957, $1,000 in 1958,
Other bidders were as follows;
$4,000 in 1959 to 1962, $4,500 in
Bidder
Price Bid 1963 to
1966, $5,000 in 1967 to
John Nuveen & Co.,
1970, $5,500 in 1971 to 1974, and
Barcus, Kindred'& Co,, - * :
$6,000 in 1975 and 1976, Principal
E. H. Rollins & Sons,
and interest payable at a place
C. F. ChUds & Co.,
'
preferred by the purchaser. These
Stern Bros. & Co.,
bonds were authorized at the elec¬
ftotan, Moseley &
tion held on Feb. 2. It is the in¬
Moreland,
'
v
*tention of the Board of Trustees
Chas. B. White & Co.,'
to sell the bonds at the lowest in¬
J. Wylie Harris & Co., and
terest cost that will bring a price
R. N. Eddleman &
Co.,
of
approximately, but not less
jointly,
than, par and accrued interest.
For $944,000,
l%s,
'
1
J Bidders are required to name a
$336,000, 1V2S, and
rate or combination of two rates
$520,000, iy4s
100.019 with their bid which is nearest^
(Net interest cost 1.497%.)
par and accrued interest. Any rate
or rates
named must be in multi¬
Paine, Webber, Jackson
& Curtis,
ples of l/» of 1%. Alternate pro¬
Braun, Bosworth & Co., Inc.,
posals will be considered on bonds
with option of redemption 5 years
Commerce Trust Co.,
Kansas City,
after their date. The District will
furnish the printed bonds, a copy
Dewar, Robersfpn Sc
£00
of the proceedings, the approving
Pancoast,
>
Fox, Reusch & Co.,
/
opinion of Gibson & Gibson, of
Rauscher,. Pierce & Co.,
. *,
Austin, or of Chapman & Cutler,
E. J. Roe & Co.,
of Chicago, and will deliver the
R. J. Edwards, Inc.,
bonds to the bank designated by
' v.,
-
Dated
Small-Milburn Co.,
■
.
.
,
■
,
First
National
Trust
Bank
&
Co., Oklahoma City,
1955, $14,000 in 1956 Louis B. Henry Investments,
to
1959, $15,000 in 1960 to
Dallas,
1962, $16,000 in 1963 to 1965, McDougal & Condon, and
1952
to
,
1
.
:
-
325,000
•
.
and 1971.
v
:
h
Cutler, of Chicago.
**
Ordered **- The
Commissioners Court has ordered
an election to submit to the voters
an
man
improvement
March 1, as follows: $9,000 in
prescribed by law. Le¬
gality approved by Messrs. Chap¬
(P. O. Mount
airport
bonds.
the limits
Vernon), Texas
amounting
redeemed
accrued
_
Minneapolis, and
lows:
.
against ail taxable
located therein within
!
;
City National Bank & Trust
1971.
levied
property
f
'
.
Feb. 16, will constitute direct
an<j
general obligations of the District,
and are payable from ad valorem
taxes
•")
22,000 fire equipment bonds. Due
Co., Kansas City;
'
$1,000 March 1, 1947 to 1968.1 Ranson-Davidson, Co.,
64,000 park bonds. Due March First National Bank,
1, as follows; $2,000 in 1947
St. Paul,
to 1957, and $.3,0.00 in J958 to
First National Bank,
-
election
building
1962 to 1971.
1963, $1,000 in 1964, $8,000
in 1965, $17,000 in 1966; $14,000 in
1967 rand 1968, $25,000 in- 1969,
$30,000 in 1970,- $31,000 in 1971,
$32,000 in 1972, $33,000 in 1973
and
1974, and $34,000 in 1975.
Principal and interest payable at
the National Bank of Commerce,
vof San Antonio.--These bonds, au¬
the
1
lows: $3rOCO In 1947 to <1958,
$4,000 jn 1950 to 1971,
;
60,000 equipment storage and Wasi^;^^;;:^
garage building bonds.
Due C, J. Devine
Co.,
March 1, as follows: $2,000 in Hemphill, Noyes & Co.,
1047 to 1961, Ah4 $3,000 in Coffin & Burr,
000 in
at
Y)
station
Due March 1, as fol*
and
son,
thorized
police
,
bonds reported
163, p. 1084—were pur¬
chased as 2 V2 s ^ by a syndicate
composed of Dewar, Roberston &
*
?
''
v.
and " Robert
t
Feb. 26—v, 163,
p. 1084—were awarded to a syndi¬
Lubbock, Tex.
bonds.
.
r
$94,000 refunding bonds.,,
%■ 41,000 improvement bonds.
% 45,000 light plant bonds.
'
County (P. Q, Corpus
fered for sale
in 1962 to 1971.
Roche & Co., of Austin, ian<|
the Ranson-Davidson Co., jointly.
Interest A^O.
D.ated March 10,
1946. Denom.' $1,000. These bonds
are due on
April 10, as follows;
$1,000 in 1947, $3,000 in 1948,
$1,000 : in 1949, $4,000 in 1950,
$3,000 in 1951, $4,000 in 1952,
$1,000 in 1953, $7,000 ir\ 1954,
$4,000 in 1955, $5,000 in a 1956 to
1958, $7,000 in 1959, $5,000 in 1960,
$7,000 in 1961, $5,000 in 1962, $11,i-
.
,f ;.,
Bonds Approved—An issue of
IVz %
r o a d
refunding
bonds
up
88,000
construction
highway bonds amounting tp
% $8.5,000 was approved at the olec*
tion held on Feb; 13.
"
:
•
_
ar¬
$60,000 fire station building bonds.
Due March 1, as follows: $2,*
000 in 1947 to 1961, and $3,00Q
Harlandale Indep. Sch. Dist,
;
(P. O, San Antonio), Tex.
Bond Sate Details—The $350,000
For
awarded to a syndicate com*
posed of Braun, BosWorth & Co.;
Inc., Stranahan, Harris & Co., both
of Toledo; Crummer & Co., Dallas;
City National Bank & Trust Co.,
and Stern Bros. & Co., both of
Kansas City; Fahey, Clark & Co.,
Cleveland; Boettcher & Co., Den¬
ver, and C. R. Woolsey & Co.,"of
Lubbock, as 1 ^ s, at a price of
100.186, a net interest cost of about
1.486%. Sale consisted of the fol
lowing issues:
For $100,000, 1 %s (noncallable)
L...-_.Jl00.ll
(Net interest cost 123%.) ;
J
sold'in
holders,
were
callable)
100.175
(Net interest eost 1.218%.)
(Net interest cost 1.3636%.)
of
Bond Sale-—The $1,500,000 bonds
offered Feb. 28—v. 163, p. 828-
$100,000, 1V4s (non-
Fort Worth National Bank.
date called.
be
]
Christi), Tex.
These bonds
*
Co., both of San Antonio, Emer^-
of
ceases on
take
IV4S (call¬
Bond Issue Approved^~An issue
.
f:
Nueces
25,
these bonds at the
Capital National Bank, Austin.
able)
100.212
(Net interest eost 1.211%.)
;
Pancoast
Texas
v
to
of
park
$60,000 and
amounting to
rangements have also been made
.
(
•'
Nov.
convenience
■
For
1
numbered
$1,000 each.
on
Interest
•
.
.
'
'/■.
1, $1,000 in 1937
to 1949, and $2,000 in 1950 to 1955.
'• '
$100)000,
Dallas,
sewer
•
V
Price
issue
mature
Texas Bank & Trust Co.,
Jan. 5.
Caldwell, Texas V
Bonds
follows:
of:Dallas
For
•
tion held
as
Bidders
.
Denom.
a
Columbian Securities Corp.;
Brownsville Sch. Diat., Texas
,
V?
*'
County (P. O. Benjamin),
^mounting to; $25,000, are called
for payment on April 1, at par and
accrued ; interest,
at the Central
Hanover Bank & Trust Co., New
York City, v Dated Nov. 1, 1936.
Co.; of Dallas;
price of 100.102, a net interest
cost of 1.1086%,' for $80,000 - as
i^s, and $20,000 as Is, were also
bonds amounting
$125,000 was approved by the
Attorney-General.
*
issue
shall
bauki
JT,
to
Gregg County Sabine Community
Sch* Dist. No. 4 (P. O. Glade- I
at
Bond Issue Approved—An issue
1
r
Sold—An
authorized at the election held on
Feb. 15, has been sold to a local
of
amounting
bonds
Dallas Union Trust
Tex.
"
>Ci
r
bonds
Bond Call^-W. F. Snody, County
Treasurer, has announced that all
$12,0.00 was approved at the elec^ outstanding: 4% bridge refunding
bonds, series of 1936, of an orig¬
tion held on Feb. 2.
Approved—An* issue
water), Texas
TEXAS
Knox
Bonds
Texas
Bonds
Other Bids—The $100,000 school
bonds awarded on Feb. 5 to the
Indep. Sch. Dist.,
X'P! ^
u
Gober Independent Sch. Dist.,
•County Trustee.
Brookshire
* -
serially through 1977.
Nacogdoches, Tex.
the
purchaser without cost to him.
anticipated that delivery can
It is
be
effected
sooner.
for
by
Enclose
May
a
1,
1946,
certified
or
check
$2,000, payable to the District.
Slaton Indep.
amounting
bonds
struction
con¬
to
w-/ v.-;-
Biyth & Co.,
VIRGINIA
Sch. Dist., Tex.
'Bonds Voted—An issue of
was favorably voted
the election held on Jan. 26.
at
$125,000
■
Stephens County (P. O. Brecken
ridge), Texas
bonds
amounting to $75,000
submitted to the voters at
election to be held on
will
the
March 6.
Sch.
(P. O. Blewett),
County Community
Uvalde
Dist. No. 75
Texas
amount¬
$14,000 was approved reby the Attorney-General. ;
2y4% construction bonds
to
cently
ing
Issued—The $30,000
Bonds to Be
construction
gymnasium
Texi
bonds
;
result of the
election held recently.
'
will
issued
be
a
as
County (P. O. Kermit),
V <■ T exas y'/'h'-ki
Bond Election—An issue of hos¬
Winkler
pital bonds amounting to $375,000
will be submitted to the voter at
the
election • to
be
held'V on
March 16.
1/
""
King County Sch. Dist. No. 1 (P. O.
,;.vSeattle), Wash.
Bond Election—An issue
/■/•;>./''*>'• V;
issue v of
Purchased—An
Bonds
construction reve¬
to $35,000
was purchased recently by Barcus,
Kindred & Co., of, Austin, as 33/4s,
at a price of par.
Interest F-A.
Dated Feb. 15, 1946. These bonds
are
due on Feb. 15, as follows:
$160,000 in 1948 and $2,000 in
1949 to 1965,'redeemable after 5
years authorized at $50,000.
;
water
nue
system
'
VERMONT fe
Rutland, Vt.
Bond Sale—The following bonds
amounting to $85,000 and offered
for sale on Feb. 15—v. 163, p. 828
—were awarded to Laidlaw & Co.,
-
York, as 3/4S, at a price of
100.04, as basis of about 0.745%: ;
of New
$25,000 airport bonds. Due $5,000
on Feb.
1, from 1951 to 1955
1
.
inclusive.':
60,000 airport construction bonds.
Due $6,000 on Feb. 1, from
'
1951 to 1960.
Dated
tion
Feb.
i
1, 1946. Denomina¬
Interest A-O.v Other
$1,000.
bidders were
;
follows:
as
Bidder
:
;
;.
■■
1% Bonds
First of Michigan Corp
Rutland Trust Co._l
____101.05
bonds
Monroe Sch.
Dist. (P. O. Everett), Wash.
• "
______100.372
Inc.
&
___100.333
100.14
Burr
John Adams Browne Corp.,
Burlington
.
__:
bonds
amounting
Bonds
voters at the election to be held
March 2.
■
\
.
-
-
WEST
To
:
revenue
Feb.
19—v.
awarded to
of
water
bonds offered for sale
on
Halsey, Stuart & Co., First of
Michigan
Corp.,
New .York,
of
Mullaney, Ross & Co., pf Chicago,
Murphey,
Favre • &; Co., > of
Spokane, and Badgeley, Frederick,
Rogers & Morford, Inc., of Seattle,
at a price of 100.1632, a net inter¬
est cost of 1.15603%, as follows:
for $557,000 maturing $35,000 July
1, 1955, $45,000 Jan., and $54,000
July 1, 1956, $65,000 Jan., and
$66,000 July 1, 1957, $67,000 Jan.,
and $72,000 July 1, 1958, $75,000
Jan., and $78,000 July 1, 1959, as
l3/4s, and $228,000 maturing $84,000 Jan., and $86,000 July, 1,M960,
and $58,000 Jan. 1,
1961?..as Is.
Interest J-J.
Dated
$1,000.
follows:
;
;
■
5•
...
Jan.
1, 1946yt /Denom.
Other bidders - were as
,
*
-
.
on
..
.
J1JS
West
p.
Co.,
•
$785,000,
;
•,
1.20s
(non-
•
:;
____100.079
callable)
2VzS, and
$705,000, 1.10s (callable) 100.166
(Net interest cost 1.197%.)
<
>
,
y
W. E. Hutton 8c
»
$120,600,
following will he payable
office:
at our
were
as
1?3 South LaSalU
Street, CHICAGO 90,
•
ILLINOIS
$1,009
Jm I.
Other bidders
t«$-\
Mr
c4v hm
947%
8c Co.,
B. J.
is|
Thff
in tfcw
urn
fue
suf'fic'taLiil
...
Phelps, Fenn &
A. E.
%
.
M*v, IH*
>•
No."859-of
of
m
$12,50
twenty-five
par
cents
($.25)
Capital
value
per
Stock,
Company/ Dividend
•y i JOHN
February
19,
1946
W.
Disbursing
WISCONSIN
share
payable
»
-
t
v,
h*
ittWf
j iftmi
-
L>r
Hsiiy
Election—An issue of w-f
school addition Lord* ■; %
b h
amounting to $1,000,000 mil be now
submitted to the voters st tr**
election to be held on April 2.
' tma,
Bond
Agent.
Secretary.
■
ty
cational
HAMILTON,
?
nts*
?
;
4/'(
Co.,
Madison, Wis.
March 20j 1946 to stockholders of record 12:00
o'clock nooh, March 9,
1946.
Checks
will
be
mailed
by
Irving
Trust
hll
'"t
t*
—10*.4®
Corp., and
Masten & Co., jointly J J
NO. 859
'
Directors has declared dividend
th#
A
McCormick 3c Co.,,
Co., jointly
lM\
3T,
hm
and
-fel
...draws
and
Stuart & Co..
Widmann 8c
#»|
_
Sachs 8c Co.,
Van Ingen & Co.,
Kebbon,
tiifVi
^
h«m>sr®
jointly
DIVIDEND
'
1979.
h-m.
BOMESTAKE MINING COMPANY
of
'id
IXQZ2SX »
Goldman,
DIVIDEND NOTICE
41
tct
First of Michigan
The Board
Paying Agent
Am
follows:
Halsey
For $160,000, 3s, $320,000,
April 1, 1946#
HALSEY, STUART & CO. INC.
safe mi
|
■
a-rfed
%
Chicago
y
i&wl
Dated Jsn
Denomination
jointly
National Bank,
Craigie & Co., jointly,
if
Uw. Ldy
he
First
$1,000,000 Term Bonds (Nos. R3001 to R4000 inch) due
on
ut
bonds are due on
Young, Moore
'
cdfer
tm
*»r Ice Bid
Northern Trust Co., Chicago,
Braun, Bosworth 8c Co., Inc.,
%s, and $520,000, Is
100.136
(Net interest cost .9933%.)
1972, called for redemption
1.038%.J
and
and
$2,070,000 Serial Bonds due April 1,1946
%
Bidder
Mercantile-Commerce Bank
F. W.
_
—
bonds offered for
from 1948 to
Co.,
|:
0T
Sale—The $800,00$ !%%
1946.
These
100.139
—
rfei
At#/
TW.
jointly, at a price of
basis of about 1.11%.
.
' J
fnr
163, p. 70S —were
awarded to Blair 8c Co., Inc, and
John Nuveen & Co., of Chicago,
1,
I
26 —v.
Feb.
,
;i
titt.m
(P. O. Fmrhetthwth
West Virginia
& Trust Co., St. Louis,
Equitable Securities Corp,,
due April 1,1946
C
Wood County
school
^
rummr*
8c Co.,
(Net interest cost
Bond
\ :
(Net interest cost .988%.)
F. S. Moseley &
ttfumUr'g
h9
Ripley 8c Co,* Inc,
& Co., and
$880,000, Is
$120,000, 4s, $360,000,
jointly,
For $1,000,000, Is
Highway Refunding Bonds of 1941
J00 033
1.023% J
$120,000, 4s, and
For
||
*.m
and
jointly,
y
;
Thnmt'ii
f-y
Bacon, Stevenson
Smith, Barney & Co.,
R. W. Pressprich & Co.,'
J. C. Bradford 8c Co., and
Young, Moore & Co.,. •/.:y
■
%
Co,
Co., jointly,
$880,000, Is
Estabrook
Weeks,
fl
1.022%,)
Nashville, and
Co., jointly, ^
For $200,000, 2s, $400,000,
34s, and $400,000, Is
100.046
(Net interest cost .9518%.)
Hornblower &
ifen.«^4i
I %m mt:<m
Union Bank,
Commerce
Harriman
tlnion Securities Corp.,
.
New York,
L. F. Rothschild & Co., y'lyy.
Hemphill, Noyes & Co.,
:
R. D. White 8c Co., and
a
New York,
.
State of Arkansas
} pticet.
im*4
Chemical Bank 8c Trust
,
$127,688,000 \
| i.2 ttw
mm*
Cruttenden &
\y
I AweUit,
I
8c Co.,
(Net interest cost
I
\
It#,feet#
$280,000, 3is, and
Co., Inc.,
W. H. Newbold's Son & Co.,
,
ill
Iwt tWi April
f
$520,000, Is
Geo. B. Gibbons &
jointly,
»is, and
(Net interest cost
and
\
;
■'a 'Saftfii 'St 1
$200,000, 3s,
For
For
A. E. Masten & Co.,
tAf
Wi
pi$ I
m>4 mm\t\
par
Inc., jointly,
Price Bid
C;»
f.j
UK
wvwxwm
F*
and
Bank, Chicago, and
n
t
f|•.
Co.,
Braun, Bosworth
$1,000,000 road bonds, at the same
price and rates. Other bidders
,
|jf
■
C AMI
Chicago,
The
syndicate
did not exercise its
option to purchase an additional
follows:
rfawrli 'fev
Harris Irust 8c Savings
Dated
M-N.
4k
the
(Net interest cost 1.012%.!
May 1, 1945. Denom. $1,000.
as
itA'i
Pit
thek
Northern Trust Co.,
Co., Eastman, Dillon & Co., Otis
Co., all of New York, H. M,
Co., of Chicago, and
Fox, Reusch & Co., of Cincinnati,
at a price of 100.038, a net interest
cost of 0.8882%, as follows: for
$160,000 maturing $40,000 May 1,
1950 to 1963 as %s, and $280,000
maturing $40,000 May 1, 1964 to
were
2tv
$160,000, 4s,
$360,000,
Byllesby &
Interest
Apr: if
$480,000, Is
K/
Co.,
jointly,
and
&
Is.
>#i»
utb**nzp!Ǥ at it*
York,
For
&
as
i.
Stroud & Co., jointly*
road
of
956—were awarded to a syndi¬
composed of Graham, Parsons
1970
I th#
$40,000,
New
Feb. 20-*-v. 163,
on
a
msmmaf.
.100 »
—
Guaranty Trust
cate
feUoV-
John C. Clark & Co.,
To Holders of
April 1,
s
$40,000, V/2s, and
$920,000, Is ...
;
Interest coupons
at.*#*
No tokte fat
C. J. Devine 8c Co.,
bonds amounting to $1,000,000
offered for sale
leara
(Net interest cost 1.0108% J
Virginia (State of)
Sale—An dssue
Bond
Price Bid
Halsey, Stuart & Co., and
-it Halsey, Stuart & Co.,
Associates,
*
y'1
*
*
' :*• Phelps, Fenn & Co.,
For $557,000, iy4s, and^l vl#' ■ Blair & Co., Inc.,
Stroud &
For
issued to pay
will be
Jan. 29
Bidders
)
.
City
l*
ItT.i.a
w
abk,!
Stranahan, Harris At Co., Inc*
John Nuveen & Co.,
B. J. Van I igen & Co., and
Coffin 8c Burr, jointly.
3/4S, and $520,000, ls___.100.003
(Net interest cost .97%.)
The
\
and
Boyee,
(Net interest cost 1.0092% J
part of the cost. >:y;':.y
a
163, p.
828—were
syndicate composed
a
The
—
m% $.:
mi mm
Shields 8t Co.
Council has approved a*
For
t
imi.
$360,000, ^is, and
$480,000, Is
VIRGINIA
Bonds
Issue
ttti,
m
m
jointly,
For $160,000, 4»,
$3,500,000
flood
wall
project,
for
which
bonds amounting to $300,000 au¬
\ thorized in an ordinance passed
on
*
Taconia, Wash.
Bond Sale—The $785,000
For $80,000,
Lyons & Shafto __________100.79
W. E. Hutton & Co.
>100.409
R. S. Dickson At Co.*
Parkersburg, W. Va.
i
to
(Net interest cost 1.194%,)
For 114 %
$^4
sm4 vmm.
Stein Bros. &
non-callable i__ii___100.03'
or
$420,000 will be submitted to the
For
.
$.U
Goldman, Sachs & Co.,
(Net interest cost 1.3066%.)
Bond Election—An issue of con¬
struction
•:'/ Sheridan, Bogan Co., and
Ripley & Co.,
Tyler & Co.
Coffin
I
due in 3 to 20 years.
are
Snohomish County,
Donald MacKinnon &
E. H. Rollins & Sons____„100.822
|W
pi
Feres & Co.,
Lazard
y
•
If j
m
km
.
101.11
'% $228,000, is (callable) __100.051
101.065 (Net interest cost 1.1647%.)
Halsey, Stuart & Co
,V*.
-
Vtl[
d-r*
$160,000, 4s, $320,000
,100.073
8As, and $520,000, Is
(Net interest cost 14)039% J
.
/
___100.09
,l$]
jfAi*!
ki AS
#f7
For
(Net interest cost 1.248%.)
Shields & Co.-,
ifim
%■*
York,
jointly,
.
non-callable)
or
<|
i
1'##$
I
Hannahs, Ballin & Lee, and
Scott, Horner & Mason,
$785,000, IVis (call-
able
Co.,
Bear, Stearns St Co.,
Francis I. duPont & Co.,
Marshall, and
acquirement,
construction,
and
Atkinson-Jones & Co.,
equipment purchase bonds
; jointly,
amounting to $10,000,000 will be
For $35,000, 3s, and A
submitted
to the s voters
at the
$750,000, iy4s (callable
election held on March 12. These :
Bidder
Price Bid
/•
For
Harriman
of site
amounting
bonds
;
Foster &
.
Wuitman, Tex.
New
ton, Tacoma, jointly,
For
)wn
» Tv* ti
Glore, Forgan 8t Co.,
First of Michigan Corp.,
.
y
tSXK^i f t*
$1,000,000, Is
reed»•,
___—
,
of.*
trie
(Net interest cost .99% J
non-callable)
100.05
involved and the
(Net interest cost 1.215%.)
bonds would be retired from rev¬
Blair & Co., Inc.,
enues of the facilities erected. The
measure now goes to
the House E. H. Rollins & Sons, and '. r
for its consideration.
;
; National Bank of Washingbe
not
^
Valley Mills Indep. Sch. Dist.,
For
Pomeroy, and
of
program
a
would
Approved —An issue of
Bonds
jointly,
Bankers Trust
improve¬
Grande 8c Co., jointly,
ments and enlargements estimated
For $265,000, l%s, and
;;
to involve approximately $600,000.
$520,000, Is (callable or.
The general credit of the State
launch
will
Moore, Leonard & Lynch,
Phelps, Fenn & Co., '£:y
bill,
Schoellkopf, Hutton &
permit the Commission to
would
i*J
1
f%#<m4
E. H. Rollins & Sons, and
..
.
The
System.
Park
State
wviji
Corp.,
Pittsburgh,
Laurence M. Marks & Co
the
to
improvement
liquidating
of road
Bond Election—An issue
Mellon Securities
4
Seattle-Fir st. National
Virginia (State of)
Bank, Seattle,
Park Revenue Bonds Authorized Richards &
Blum, and
r
—On Feb. 21 the State Senate ap¬ Bramhall &
Stein, jointly,
For $785,000, iy4s (call¬
proved unanimously a bill author¬
izing the State Conservation Com¬
able or non-callable)
100.43
mission to issue bonds for self(Net interest cost 1.214%.)
.,,
be
CHRONICLE
THE COMMERCIAL & FINANCIAL
1212
PS
I
Slaton Indep. Sch. Dist,,
VIRGINIA
Tex.
"Bonds Voted—An issue of con¬
$125,000
favorably voted
was
—On Feb. 21 the State
'}
the election held on Jan. 26.
proved unanimously a bill author¬
izing the State Conservation Com¬
mission to issue bonds for self-
Stephens County (P. O. Breckenridge), Texas
Bond Election—An issue of
on
Sch.
Issued—The $30,000
construction, ' bonds
gymnasium
result of the
election held recently./
< ~
be issued
will
Winkler
as
County
//■."■ J
a
Kermit),
O.
(P.
Texas
J-J
Bond Election—An issue of hos¬
pital bonds amounting to $375,000
will be submitted to the voter at
held
be
to
election
the
March 16.
on
Purchased—An issue; of
system construction reve¬
bonds amounting to $35,000
bonds
purchased recently by Barcus,
Co., of, Austin, as 3%s,
at a price of par.
Interest F-A.
Dated Feb. 15, 1946. These bonds
are
due on Feb. 15, as follows:
in 1948 :; and $2,000 in
1965,'redeemable after 5
authorized at $50,000.
<
to
.
VERMONT
A- Ay
/
bonds
amounting
to
voters at the election to be held on
>'
V
* ,Rutland, Vt.
Bond Sale—The following
,
••; y iy y J
Tacoma, Wash.
Bond
Sale—The
revenue
Feb.
\'1 J
*-
-
$785,000 water
bonds offered for sale
19—v.
awarded to
amounting to $85,000 and offered
on Feb. 15—v. 163, p. 828
for sale
awarded to Laidlaw & Co.,
—were
of New
100.04,
as %s, at a price of
basis of about 0.745%:
York,
as
$25,000 airport bonds. Due $5,000
on Feb.
1, from 1951 to 1955
inclusive.
■T-.y:..
60,000 airport construction bonds.
Due $6,000 on Feb. 1, from
>■
J 1951 to■ I960.
Dated
tion
.
Feb.
$1,000.
Interest A-O.
bidders were as follows:
,:
Other
a
price of 100.1632,
cost
on
1.15603%, as follows:
for $557,000 maturing $35,000 July
1, 1955, $45,000 Jan., and $54,000
July 1, 1956, $65,000 Jan., and
$66,000 July 1, 1957, $67,000 Jan.,
and $72,000 July 1, 1958, $75,000
Jan., and $78,000 July 1, 1959, as
13/4S, and $228,000 maturing $84,000 Jan., and $86,000 July 1, 1960,
and $58,000 Jan. 1, 1961,:. as Is.
Interest J-J.
Dated
J
i
1% Bonds
First of Michigan
t
$1,000.
1, 1946; { y Denoro.
Other bidders • were as
follows:
J
-
-,
:i.
Corp.___101.il
Rutland Trust Co._.
;>
101.05
E. H. Rollins & Sons.
;
100.822
Price
Tyler & Co.
&
___100.333
Burlington
For
Corp.,
,
-
Lyons & Shafto
~
$228,000, Is (callable) __100.051
(Net interest cost 1.1647%.)
;
Stroud & Co.,:?
Co.,
lows:
$16,000 in 1947 and 1948, '
$17,000 in 1949 to 1950, $18,000 inJ:';'
1951, $19,000 in 1952 and 1953,
V
Francis I. duPont & Co.,
$20,000 in 1954, $21,000 in 1955,
<
Hannahs, Ballin & Lee, and
$22,000 in 1956, $23,000 in 1957,
■ :
Scott, Horner & Mason,
$24,000 in 1958, $25,000 in 1959
jointly,
:
;
and. 1960, $26,000 in 1961 and 1962,
For $160,000, 4s, $320,000,
$27,000 in 1963, $28,000 in 1964 and
%s, and $520,000, ls____100.073 1965, $29,000 in 1966, $30,000 in
1967, $31,000 in 1968, $32,000 in
(Net interest cost 1.0039%.)
:
"1969 and 1970, $33,000 in 1971 and
Lazard Feres & Co.,
1972, $34,000 in 1973 and 1974, and
Goldman, Sachs & Co.,
"
"
$35,000 in 1975 and 1976. Redeem.> '
Ra S: Dickson & Co., and
able 20 years after date of issu¬
Stein Bros. & Boyce,
ance.;
Principal and interest pay*
jointly,, '
able, at the City Treasurer's office.
J For
$160,000, 4s,
100.79
W. E. Hutton & Co. __-____100.409
,
•
Sheridan, Bogan Co., and
Co.,
jointly, \
•; •
• For $785,000, 1.20s' (non- v/'JJ'l'_
100.079
(Net interest cost 1.194%.)
J
For $80,000,
2&s, and
' .'v
$705,000, 1.10s (callable) 100.166
(Net interest cost 1.197%.)
J
,
.
.
'**1
J
'
,,
:
Shields & Co.
(Net interest cost 1.3066%.)
Stranahan, Harris & Co., Inc.,
WEST
B. J. Van Iigen & Co., and
| Coffin &
Burr, jointly,
>intly,
City
For $40,000, y4s '
>,
"V
Council has approved a* $3,500,000
$40,000, 3V2S, and
flood
wall
project,
for' which
$920,000, Is
100.00
bonds amounting to $300,000 au¬
(Net interest cost 1.0108%.)
thorized in an ordinance passed
Bonds
Jan.
on
will
29
Sale—An
Bond
of)
offered for sale
on
road
of
issue
For
$1,000,000 and
Feb. 20-»-v. 163,
composed of Graham, Parsons
Co., Eastman, Dillon & Co., Otis
Co., all of New York, H. Ml
Byllesby & Co., of Chicago, and
Northern Trust Co.,
Chicago,
&
Interest
were as
Other
rates.
W. E. Hutton &
bidders
A. E. Masten & Co
$127,688,000 '
.
ti-,-
Slate of Arkansas
Highway Refunding Bonds of 1941
;
yi
following will he payable
officei
at our
% $880,000, Is _
100.065
Co., jointly,^.
2s, $400,000, <
" (Net interest cost 1.038%.)
%s, and $400,000, ls___.100.046 Wood County (P. 0* Parkersburg),
(Net interest cost .9518%.)
West Virginia
Cruttenden &
For $200,000,
school
of 110.2255, a
Dated Jan.
1,
1946. ; Denomination
$1,000.
These bonds are due on Jan. 1,
from 1948 to 1979.
Other bidders
basis of about
were as
$2,070,000 Serial Bonds due Apnl 1, 1946
•
Braun,
and
100.139
on
•
:.
Craigie & Co., jointly,
"
;
Kebbon,
For $160,000, 3s,
$320,000,
s/4s, and $520,000, Is ____100.136
(Net interest cost .9933%.)
Paying Agent
123
South
LaSalle
Street,
CHICAGO 90,
•
;
ILLINOIS
No.
859
of
cents
($.25)
per
$12.50
March 20.
Co., jointly
Phelps, Fenn &
Company,
,
February
Dividend
JOHN
19,; 1946
W.
Disbursing
Agent.
HAMILTON,
»
j
t.
^
cational
Co.,
;
;
:
;
—107.46
-
.
;
Corp., and
.)■'
addition bonds
$1,000,000 will be
to the voters at the
be held on April 2.
election to
to
'''1
/>/<
"not /
were
,
City of Montreal," Mr. As-
selin said.
The executive committee chair¬
added
that
the
refunding
project has not been dropped, but
man
that the committee will seek better terms—either in
%
:
,
higher prices
United
3V4%
States
from
ran
those
and
in
iy4%
Canada
to
from
H/2 % to 3 V2 %.
Mr.
Asselin
disclosed
98.75
the
on
that
an
issue
total
the
offer of
from
a
syndicate of eighty-five financial
houses -headed
by a Cleveland
firm.
The
offer,, however, was
contingent on the approval by the
Securities and
Exchange Commis¬
for sufficient
time for considera¬
■
/
refunding of approximately
$200,000,000 was carried out in
May, 1944.
J :
in
feel
the
Asselin
pear
we
have
of
rate
said.
been
our
generous
coupons," Mr,
"There
doesn't
ap¬
to be any sound reason for
the disparity of 1.17 in price of¬
fered
for the
American
bonds,
especially
when,
years
our
ago,
United
States
less
than
two
bonds sold in the
at
price of 98 5
which is higher than both
prices
offered after material im¬
a
now
provement in ,our financial
tion."
f
.
posi*
.
1;
lower interest rates than plan¬
ned.
Contemplated rates in the
or
A
Co., jointly_105.82
school
amounting
98.4651
tion of the bid.
Election—An issue of vo¬
submitted
Secretary,
•••.;,
£
_
Madison, Wis.
Bond
offer of
of the
,
transac-
27, which, he said, did not allow
,,
WISCONSIN
>
par
cate's
"I
share
value Capital Stock,
payable
1946 to stockholders of record 12:00
O'clock coon, March 9, 1946.
>
Checks: vsill
be
mailed
by
Irving
Trust
of
the
an
fairly representative of the credit
and
Widmann &
from
sion in the United States by Feb.
McCormick & Co.,.
Directors has declared dividend
twenty-five
.
inQAcA
108.056
A. E. Masten &
HOMESTAKE MINING COMPANY
DIVIDEND NO. 859
The Board of
HALSEY, STUART & CO. INC.
& Co.,
First of Michigan
DIVIDEND NOTICE
April 1, 1946.
J ;j
\
.
■:.
Young, Moore
Bank, ;• /
Chicago and ; J" /-v'
Halsey, Stuart & Co.,
jointly
Goldman, Sachs & Co.,
B. J. Van Ingen & Co.,
;
$1,000,000 Term Bonds (Nos. R3001 to R4000 incl.) due
1972, called for redemption
Bosworth & Co., Inc.,
First National
•_
authorized
city has since received
jointly
•
-"/
f
-
April 1,
follows:
;Bidder J Jv ? vV, > !
Price Bid
Northern Trust Co., Chicago,
;
Mercantile-Commerce Bank
....
1.11%.
,
jointly,
For $1,000,000, Is
(Net interest cost .988%,)
and
26—v.
jointly, at a price
„
F. W.
bonds
163,ip. 708 —were
awarded to Blair & Co., Inc., and
John Nuveen & Co., of Chicago,
Feb.
tJnion Securities Corp.,
New York,
L. F. Rothschild & Co.,.
Hemphill, Noyes & Co.,
R. D. White & Co; aiid
Hornblower & Weeks, - 1
Co.,
1SA%
offered for sale on
Sale—The $800,000
Bona
Co., St. Louis,: ^13
Equitable Securities Corp,,
due April 1,1946
$120,000, 4s, and
For
.
visualized
prices specified in a re-.,
funding by-law passed this week.
Through the by-law, the city
contemplated flotation of an $85,-1
980,000
refunding issue in; the,
United Statds and a $70,500,000
'
refunding issue in Cahada.
Finance officials calculated that mi¬
nimum prices at which the City; ' '
$8,500,000
saving for Montreal by 1975.
The American Syndicate's bid of
97.2955 and the Canadian syndi-
jointly,
-
& Trust
Interest coupons
Co., jointly,
iiiii®!
Smith, Barney & Co.,
R. W. Pressprich & Co.,
J. C. Bradford & Co., and
Young, Moore & Co.,
jointly,
\
.
Than
more
Council
Co.,
;.
offered
•
tion would result in
and
F. S. Moseley &
The
Bank,
^
Geo. B. Gibbons & Co., Inc.,
O.
minimum
$120,600* 6Vz&j and
$880,000, is
_.100.053
(Net interest cost 1.028%.)
Price
Bidders
000
Nashville, and
follows:
Halsey, Stuart & Co.,
Phelps, Fenn & Co.,
Blair & Co., Inc.,
100.13
1.022%.)
New York,
Commerce Union
VfA; jJW-:-
.
by an - American
and a Canadian syndicate for re¬
spective portions of a proposed
;
$156,480,000 refunding bond issue,
1
despite apparent J realization by J'Sfe
the city of approximately $1,250,-"
Chemical Bank & Trust Co.,
$1,000,000 road bonds, at the same
^
^
Montreal, Ore.-.;-';-'
Rejects Refunding Bids—J.
prices
$200,000, 3s,
$280,000, %s, and
The
syndicate did not exercise its,
option to purchase an additional
•;
/
ma*
22 the committee had turned down
For
$520,000, is
(Net interest cost
$7,500,000. These bonds will
ture on 'April 15,1948;
chairman of Montreal's 2
Executive Committee, said on Feb, J f
Bank, Chicago, and
M-N. * Dated
-
,
April 15,
interest, 3%
amounting
on
Asselin*
"
Braun, Bosworth & Co.,
Inc., jointly,
May 1, 1945. Denom. $1,000.
price l arid
.
•
v
,
Harris Trust & Savings
Fox, Reusch & Co.j of Cincinnati!
at a price of 100.038, a net interest
cost of 0.8882%, as follows: for
$160,000 maturing $40,000 May 1,
1950 to 1963 as %s, and $280,000
maturing $40,000 May 1, 1964 to
Is.
' '
....
&
as
jointly.
$160,000, 4S,
$360,000, %s, and ^
J >
$480,000, Is ———
100.042
(Net interest cost 1.012%.)
cate
1970
.
at par: and accrued
debentures of 1939
956—were awarded to a syndi¬
p.
ONTARIO
Ontario (Province of )
Bond Redemption —The above
Province will redeem
bonds amounting to
^
..
C. J. Devine & Co., and
West Virginia f (State
y
of the par value of
Stroud & Co.*
'
Jj'.'v
certified
a
CANADA
7
New York,
part of the cost.
a
$120,000, 4s, $360,000,
S/4S, and $520,000, ls____100.003
of
check for 5%
Guaranty. Trust Co.,
issued to pay
be
Enclose
the bonds.
The
—
April 24, •; 1945." The " approving
opinion / of Pershing, Bosworth,
Dick & Dawson, of Denver, Willi
be furnished.
Parkersburg, W. Va.
Issue
To
(Net interest cost .97%.)
'
\'4i
John Nuveen Sc. Co.,
VIRGINIA
-/
crued interest. These are the bonds J
authorized at ;the election held on
_—
>
100.03'
non-callable
No bids for less than par and ac-J.--
4
$360,000, %s, and
$480,000, ls
100.79
(Net interest cost 1.0092%.)
For
To Holders
*
•
■„
callable) J.
r
J
,
-■
,
■
Bear., Stearns & Co.,
100.09
___
W. Mr Newbold's Son &
John C. Clark &
...
*-»- —~—-
1U% Bonds
V*
.
100.14
Burr
John Adams Browne
non-callable)
of water system ex¬
and improvement bonds
'
amounting to $775,000, not ex¬
ceeding 3% interest. Dated April'
1, 1946. ; Denom.: $1,000.
These ,
;
:
bonds are. due on April l, as fol-:\.vjr::J
First, of Michigan Corp.,-
(Net interest cost 1.248%.)
Bid
Halsey, Stuart & Co., and '/
Donald MacKinnon &
Harriman Ripley & Co.;/,;:
'
'
Inc.
v
100.372
Coffin
Co.,
* ' *»
J;yj 'J
Glore, Forgan & Co.,
to Jo
r For $557,000, l%s, and
Halsey, Stuart & Co.____J_101.065
'.v; //
n'
Jan.
Associates,*
For
net inter¬
a
of
Bidder
Price Bid
-
a
est
'
.
or
Shields & Co/,
163,
p.
828—were
syndicate composed
Halsey, Stuart & Co., First of
Michigan Corp., of New York,
Mullaney, Ross & Co., of Chicago,
Murphey,
Favre v &
Co.,
of
Spokane, and Badgeley, Frederick,
|
^
1, 1946. Denomina¬
Bidder
"
Washing¬
of
Bank
$785,000, H4s (call- /
able
of
at
bonds
the purchase
tension
$1,000,000, Is _-___100.081
(Net interest cost .99%.)
.,
Ma rch 2..1? J?J J'..'
Rogers & Morford, Inc., of Seattle,
^
For
or
$420,000 will be submitted to the
Kindred &
$100,000
:
'
For
1
due in 3 to 20 years.
are
Snohomish County, Monroe Sch. \
J
Dist. (P. O. Everett), Wash. J f
was
years
'
,
Marshall, and.
acquirement,
construction,
and
equipment purchase bonds Atkinson-Jones & Co.,
..: jointly,J
amounting to $10,000,000 will be
For $35,000, 3s, and
submitted
to
the voters at the
$750,000, iy4S (callable
election held on March 12. These
"
1949
jointly,
Foster &
Bond Election—An issue of con¬
[
water
nue
•
.
Wuitman, Tex.
Bonds
(Net interest cost 1.214%,)-
National
-U
King County Sch. Dist. No. 1 (P. O.
Seattle), Wash.
■ '::k
J Bond Election—An issue of site
struction
*
vv-yJ
or.non-callable)_-__100.43
ton, Tacoma, jointly,
Valley Mills Indep. Sch. Dist., Tex.
,/V
Moore, Leonard &
i
.
Bankers Trust
for its consideration.
Laramie, Wyo.
Bond Offering — F. J. Collican,
City Clerk, will receive sealed
bids until 8 p.m. on March 19 for
jp'
Bramhall & Stein, jointly,
For $785,000, iy4s (call-
V1.;New .York,
WASHINGTON
Bonds to Be
/ J-J/'
!
Bank, Seattle,
Richards & Blum, and
,
amount¬
ing to $14,000 was approved re-cently by the Attorney-General j/
2Vi% construction bonds
WYOMING
^
-'..y
Marks & Co.,;
E. H. Rollins & Sons, and
Laurence M
.
issue of
'
Corp.,,
'..-'.'Pittsburgh,
'%z, > j *
Phelps, Fenn & Co.,
J
v
*
Park
System.
The bill,
Schoellkopf, Hutton &
J,; '
permit the Commission to
;iPomeroy, and
.
/ JT;
launch
a
program of
improve¬
Grande & Co.^ jointly,
ments and enlargements estimated
For $265,000, ls/4s, and
to involve approximately $600,000.
$520,000, Is (callable or.
The general credit of the State
non-callable) ___100.05
would not be involved and the
(Net interest cost 1.215%.)
;:;J
bonds would be retired from rev¬
Blair & Co., Inc.,
J !
enues of the facilities erected. The
measure now
goes to the House E. H. Rollins & Sons, and
Texas
Approved —An
Bonds
!•
Seattle-First. National
would
(P. O. Blewett),
Dist. No. 75
Mellon Securities
Biyth & Co.,
able
Monday, March 4, 1946
State
March 6.
County Community
Uvalde
to the
improvement
liquidating
road
amounting to $75,000 will
be submitted to the voters at the
bonds
election to be held
Bonds Authorized
Senate ap¬
Park Revenue
at
A
;
(State of)
Virginia
amounting vto
bonds
struction
;
CHRONICLE
THE COMMERCIAL & FINANCIAL
1212
'I
@FedFRASER