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BUS.
I
MONDAY
ommetciaL an
'Reg. TJ.
Volume
New
Number 4365
161
•
."
<
RAILROAD
Life Insurance
February
Co., Washington, D., C.
business has
Placed
reached
now
shew
business
Price
American
■
INDUSTRIAL
-
Automobile
Insurance
INSURANCE
-
The
both
i
has
company
75,000
public
will
of
shares
&
Co.;
p.
by
stock
statement with the SEC for
$$4).
Offering price to the
The
underwriters
are
G.
H.
(par
amendment.
736.
158,
registration
a
common
filed
be
Walker
V.
filed
Kidder,
Peabody
Co.
&
Mi-f:?'
and
77:'.7'7;
Huff,
'
;.
Geyer &
-
• -
-
•
-1
-
market
the
on
Hecht.—
/
■
"There
welding
Corp.,
City,' Kan.—
Kansas
Issue
has registered with the SEC
company
shares of 60-cent
150,000
cumulative
convertible
preferred
at
commission.
writers'
underwriter.—V.
161,
stock
($10
shares
The
par).
to
are
with
$ll.375J
761.
p.
«
,
„
7^7'.^
7-77 7
i v7-'
v
New York Stock Exchange
Gross
railway
railway
from
Net
ry.
$1,103,790
794,329
828,167
414,811
Chicago
234,765
175,630
174,314
215,638
Cincinnati
■
1945—Month—1944 r"
13,040,169
1,104,649 y 1,033,831
280,845
273,600
3,290,445
828,858
8,588,765
8,918,081
249,456
256,237
3,145,750
3,154,169
__
$337,072
$342,075
$3,906,556
$4,432,341
stock—
189,082
189,082
2,268,986
2,268,986
$147,989
$152,99?
$1,637,570
$2,163,355
deducts—
income
Divs.
pfd.
on
Balance
-V.
—<
There
1015
^.1016
Feb.
on
16
approved
the
sale
water
of
Properties
properties
Alabama
to
for
Bessemer
tion
the
to sell
proposes
$1,050,000,
plus
adjustments,
the City of
Abbeyvilie for $47,000.
?
serving
system
system
distribution
water
serving
.,
1003
1003
1003
1003
Abbeyvilie
utilize part
retirement
the
and
and
Alabama
the
company.—V.
reduction
of
its
6%
cumulative
Trust
guilty
were
interest
which
he
of
Eastern
in
Association.—V.
Clearings
Federal
Railroad
Reserve
of
James
A.
Cables
Kennedy,
President.—V.
&
General
has
Attorney,
^
been
elected
161,
running to Aug. 10, 1946.—V. 161, p. 561.;
Net
from
Net
indicated
the
ry.
oper.
corporation
$4
The stock
share.
a
is
to
for the purpose.—V.
purchased from a $5,177
be
150,
7
■
$2,905,180
$3,000,455
719,562
1,014,928
1,292,953
664,083
It
211,640
420,483
576,500
353,111
plant.
income—
at
on
Commerce
Commission
has
set
hearings
beginning
Chicago May 22 on plans of reorganization for the road and
companies.
leased
The hearing will be conducted by Finance Examiner J. V.
Walsh.
Commission
The
in
opposition
have
been
before
the
to
filed
said
evidence
would
be
received
in
support of and
three separate plans of reorganization which already
concerning any other plans which may be filed
date.—V. 161, p^ 561.
and
hearing
is
that
announced
50
70-ton
Southern
this
40 ft. 8
..
7 7
ju*," -• •.•/£
;;
>•;
~';V ^
steel
'!'
'
*
,
Officials
of
the
American
Welding
closing—effective
Co.,
April
a
30,
Municipal Bonds
STREET
HAnover 2-2600
consolidated
$13,000,000,
the
still
V.
after
latter,
for
will
their
Members
45
NEW YORK 4, N. Y.
Bell
'
»7-
Teletype:
NY 1-573
Telephone
REctor 2-3600 .'
i
giving
effect
which
variety
shares,
/
to
Enka
the
sale
principal
the
account,
'
161, p. 874.
American
The
War
company
owned subsidiary,
1945—-of the, Carbondale
will
of
have
resources
conditioning
water
or
60%
,;\>.
Corp.,
of
132,000
the
stockholders,
of
the
Ashevilie,
;
■
C.—Army
N.
Department
was
workers,
seizure
of the
Ashevilie,
C.,
N.
plant
Enterprise 6015
,'
of the
authorized by President Roosevelt, who issued an Execu¬
7
of
the labor
plan, which employs 3,000
is impeding the war effort.
The
dispute at the
Banks, Corporations and Individuals have found
an
effective market place
for large
or
small
BLOCKS of SECURITIES
which
|
"
-7;
are
not
readily marketable.
INQUIRIES INVITED
HILL, THOMPSON & CO., INC.
Association
STREET, NEW YORK 0
'
Or¬
7
Executive Order said,
the
us
Security Dealers
13,
outstanding.—
.7
.-j;;:-
common
numbering
number
Order
Continuation
wholly
Philadelphia Telephone
,
wide
INCORPORATED
York
NASSAU
\
enterprise,
a
dered to Seize Plant—
RAILS
-•
New
includes
300,000
own
7:7 INDUSTRIALS
-..'*■
of
authorizing Secretary of War Stimson to take possession
of and operate the plant, which makes rayon cord for tires.
Kobbe, Gearhart & Company
30 BROAD
to
com¬
acquired
the
result
the
to
be utilized to re¬
acquisition of the
for
DEPARTMENT
Established 1022
will
the
„
Philadelphia, for advances to Cochrane and
subsidiary,
Faraday
Electric
Corp.,
of
additions to working capital.
of Its acquisitions, effected during February, company
the scope of Its operations considerably.
Cochrane's
also
and
broadened
shares
•
t
securities applicable
the
Upon the completion of the financing, the outstanding capitalization
consist of the
debentures and 500,000 shares of common stock.
tive
77.7^..v:77'
Subsidiary to Sell Carbondale Plant—
;
announce
sale of
will
,.
7': Frederick A. Stevenson, President, announces that H. V. Ennis has
been appointed Assistant to Vice-President, in which capacity he will
assist J. A. V. Scheckenbach, Vice-President in charge of manufac¬
turing.
the
the
.
-
ELECTRONICS
qAllen & Company
7,,;.
(Phila.)—-Registers With
and
power
plant apparatus and
accessories.
Faraday,
on
the other hand, places the company in the electrical field through
the media of signalling systems and devices and household appliances.
Of
Order—
will build at its St. Louis, Mo.,
triple hopper cars ordered by the
Appointed—
SPECIALIST IS
Telenhone:
fund
'•-/ .7
company
in
' '
RR.
New Official
FLORIDA & NEW JERSEY
MUNICIPAL
7 : ;
Co,
equipment
Plans May 2—
Interstate
to
approximately $3,255,000,
for outlays incident to
recently
Mich.,
exceeding
2246.
p.
-,".47
American Car & Foundry Co.—New
Donora
Hearing
The
its proximity to sources of important
consuming centers insures its development
made,
treasury
contribution
will notify holders of
its preferred stock by
March
10
of 4;he acceptance or
rejection of tenders of said stock
which
were
to
have been
made not later than Feb.
26 at not to
The
1942
$2,053,407
made for its Calco
located at Bound
the development of
Secretary.
at
Corp.,
another
As
1945
$2,792,550
railway
from
Net
railway—.—
and
proceeds from
Cochrane
has
•
Gross
now
132,000 common shares will be sold for the account
principal stockholders, including Eli I. Klelnman, President,
Doroshaw, Senior Vice-Pres.dent, and Johann S. Ackerman,
M.
imburse
Stock—
•
'
as
was
for
plans
remaining
pany,
1033
1033
(November)
American Beverage Corp.—Offers to Buy
appropriated
1943
1944
The
purchase
plant is
immediate
no
,77'y■.7,;.7
Vice-President
1944.1032
Class I
January War Costs
exceed
'
January—
Parkersburg.
of
W. Va., approxi¬
property is served
Marys,
public
certain
Jennis
Co.—Bank Loans Increased—
Alton RR.—Earnings-
St.
near
materials
of
1032
1944
Railways
The company
arranged July 10, 1944, and
United States
the
throughout
factories
Engineering
„
has informed the SEC that it has received additional
bank loans of $35,000,000, increasing the total borrowed to $75,000,000
under a bank credit agreement with 22 banks for the latter amount
well
as
305.
p.
Adrian,
Allis-Chalmers Mfg.
Co.—Buys Additional Land— '
Importana part of Calco Chemical Division's postwar program.—
the
Earnings for Sep¬
Non-Farm Real Estate Foreclosures in
Vice-'
a
Co.—
O..:;- 'v'-'Vy;
financing is being undertaken by the company, 77Philadelphia, Pa., maker of combustion, marine, hydraulic
handling equipment, it was disclosed Feb. 28 upon the
filing of a registration statement with the SEC covering $3,000,000
of 5%
15-year sinking fund debentures, due 1960, and 200,000 shares
($3 par) common stock.
/
To be underwritten by a nationwide banking
syndicate headed by
Van Alstyne, Noel & Co., the debentures and 68,000 shares of com¬
mon
stock will be offered
in behalf of American
engineering, while
1022
System
Gross and Net
tember
Radio, Inc.—New Vice-Pres.—
161, p. 458.
have been
materials
Initial
of
Banks
Member
Selected Income, Balance Sheet Items
All America
Although
N.
and
1022
——
Statement
Condition
457.
p.
Banks
Reserve
Appealed— 7
161,
Insurance
General
■:
year-old
Combined Condition Statement of Federal
that the officers and trustees of the
abuse of trust" in purchasing controlling
"gross
stock
SEC—
.—1022
1021
1022
Payable
Exchange Rates.
Foreign
found
Racing
capital
the
to
&
-
Ohio River
northeast
miles
property
V.
1022
The Course of Bank
acting in behalf of Gordon B. Hanlon,"
and other former trustees, on Feb. 24 filed an appeal with the Circuit
Court
of
Appeals
from
the decision of Federal Judge George C.
in
the
along
American
Notices
Dividends Declared and
business and properties
Aldred Investment Trust—Decision
Aviation
:
J.
an
Redemption Calls and Sinking Fund
is owned by Federal Water & Gas
in the consummation by Federal of
interests in
161, p. 561.
allocated
the
raw
Corporation and Investment News_977
group
Feb. 20 announced the purchase of approximately 800
on
land
16
be
a
State and City Bond Offerings and Sales—1034
all
to
American
'7;
operating 38
company,
of
be
Company
as
the sale of its Bessemer
will
Baltimore & Ohio RR.
officials state that this
Chemical
Division
whose
principal
by
Miscellaneous Features
contiguous
Attorney Hugh D. McLellan,
Sweeney
——
by
mately
the
water distribu¬
territory
General
of the funds from
of
sale
of its Abbeyvilie properties
preferred stock.
The capital stock of Alabama
Corp. The transactions are steps
its program for divestment of its
of
;
—
acres
amendment by
by
will
for
subscribed
not
supplied
Geyer & Hecht.
surplus.
American Cyanamid
This
registration statement
The new stock is
the basis of one share
a
par).
on
of this financing is to enable the company to
$1,000,000,
during
1945,
its' investment
in Its wholly
and Canada,
Brook,
presently outstanding first mortgage
bonds and utilize the balance of such proceeds and all proceeds from
fro
Averages
United States Treasury Bills
the
,
will
Alabama
properties
Bond
the
was
purpose
-subsidiary,
160, p. 1521,',
1020
Obligations of Governmental Agencies
to
shares
New
to be
$500,000
balance
the
owned
1018
held.
price
a
proceeds,
and
V.
i
at
headed by Huff,
primary
increase
towns of Brighton and Lipscomb to the City
City of Bessemer and the
of
77;
7
$1,097,000.
and
Stock
for
the
The
Transactions New York Stock Exchange.-.1003
Alabama Water Service Co.—Sale of Water
SEC
Of
1016
Markets
shares
offered
underwriters
account
1016
.......
Transactions New York Curb Exchange.
The
1,810
Pa.—Registers Stock
Feb.
on
three
publicly
of
1018
1019
Over-the-Counter
basis of 72.5%.
on a
65 firms,
100,000
each
for
1015
.——1016
Exchange.—.
Toronto Stock Exchange—Curb Section
161, p. 561.
by
24 filed with the SEC
shares of capital stock ($5
being initially offered to present stockholders
covering
Exchange
Stock
made
were
purchases
American Casualty Co., Reading,
Company
Exchange——..
Curb
Toronto
287
were
largest allotment, 75 the smallest.—V. 161, p. 665>
1015
Exchange.-——
Stock Exchange
■;
^
a
365 shares and allotments
1014
Exchange
St. Louis Stock Exchange—
Montreal
665.
p.
1014
—
Exchange—;—
Stock
161,
Radio
&
offered by
1013
Angeles Stock Exchange.
Montreal
Net
Cable
1013
-
Pittsburgh Stock Exchange
3,195,200
848,389
Stock
Philadelphia
10,858,744
deprec,—
for' taxes—
other
&
Int.
Los
1945—12 Mos.—1944
$2,734,600 $31,971,685 $30,558,536
$2,820,410
for
Stock
Milton, Pa., fully equipped with modern fusionthe management sees no further justification for
at
the Carbondale plant."—V.
1008
Exchange
Stock Exchange—
Detroit
Co.—Earnings-
expenses
Provision
Exchange—-.-
Cleveland Stock
revenue
plants
share with a commission of 30 cents. The issue
Lehman Brothers, was oversubscribed in the
elapsed time of 15 minutes.
Bids were received for 41,-
1004
Boston Stock Exchange
$1,840,026
period End. Jan. 31— "
Provision
Stock
-
fact
techniques,
$12%
993
(Bonds)
Exchange
<
561.
p.
Operating
1942
Curb
Baltimore
77
967.666
Alabama Power
Gross
1943 >#
!
•
$1,822,894
income
oper.
161.
1944
$2,178,009
from
Net
—V.
1945
•
Stock
York
New York
Alabama Great Southern RR.—Earnings—
January—
;
Page
-•■•
(Stocks).
t
New
•
Corp.—Special Offering—A
special offering of 30,000 shares of capital stock (par $1)
was made on the New York Stock Exchange Feb. 23 at
Stock and Bond Quotations
$1,375 a share representing the under¬
Reynolds & Co., New York, is
the principal
offered
-
,
forge-welded tank business remaining and very
containers as well as Morison furnaces,
that ACF owns one of the largest tank manu¬
no
the
American
be
said:
for forge-welded
with
maintaining
Registers With SEC—
The
being
outlook
small
facturing
This
:
further
"The
plant was originally built to produce forge-welded tank car
tanks, forge-welded containers and Morison furnaces, or forge-welded
fire tubes for Scotch-type boilers.
-
In
for sale.
announcement
The
combined
<
Manufacturing
Copy
a
MISCELLANEOUS
-
•
gain of $428,000 over
a
the first 20 days of February, ,1944.—*V. 161, p. 873.
Aireon
Cents
60
plant, disposal of all equipment and that the plant "itself will be placed
Co.—Registers With
SEC—
that
$3,200,000,
York, N. Y., Monday, March 5, 1945
PUBLIC UTILITY
•
"written" and
"placed" have risen well above the same figure for the first 20 days
of February, 1944.
As of Feb. 20, 1945, written business for the month
has topped $6,500,000, an increase of 36%, or $1,700,000 more than;
in the same period of 1944.
..." 77'..-77'-:
■■ -7"7
% 777;7
for
figures
Office
Corporation and Investment News
—February Gains Grow Larger— " ';
Latest
Pat.
€
-
General
Acacia Mutual
S.
Bell Teletype
New York 1-576
|
120 Broadway, New York 5, N. Y.
piiiiiqfipiqi^nniiiiiiiiiniiinniltiyumimiHillllllllllllllllUllllllllllllllllJIIIItlUiltniHlHHUHIIIiimilHlllilllllHUPIlUaiimilll
?
THE COMMERCIAL & FINANCIAL CHRONICLE
$78
plant
the
The War Labor Board on Feb. 16
arbitrate grievances with the union and
back to their jobs.—V, 155, p. 2090,
idle since Feb. 8.
had been
ordered
to
company
airected the workers to
go
and
Bankers Trust Co.
The
Co.
Gillies,
$1,900,000 4W.'o
a
wilt
$300,000
remaining
President, said.
Jr.,
paid
be
*
•
loan held by Adams Express
1
off
in
cash,
George
Monday, March 5, 1945
in
$22,869,350
1941;
American
Securities Co.—Annual Report—
European
in 1944; $136,095 959
$129,981,748 in 1942 and $124,571,781 in 1941.
fDeficit.
M.
American
increase of $1,419,840 (14.6% ) as compared with
and equal to $227.87 per share of preferred stock
outstanding preferred stock at its liquidating
value of $100 per share, to $17.61 per share of common stock.
The
comparable net asset value of the common stock at the close of *943
*ras $13.58
per share.
If all warrants entitling holders to purchase
20,500 shares of common stock at $12.50 per share had been exercised
on
Dec. 31.
1944, the net-asset value of the common stock on that
date would have been $17.33 per share.
In computing the net assets
to
$11,126,994,
the
1943
,
Internal
from
and
X4 323 275
the
value
the
$700,007
$3,752,938.
Largely reflecting
preferred stocks, the proportion of the total
the portfolio in utility securities had been reduced
to 52.06% as compafed with 72.3% at the close of
of
year-end
was
1943.
^
♦of
from
directly to the
securities.
is
It
the
the
"*
"*
of
Code
Revenue
year
reserve
%-- v
*
*
intention
present
Internal
American President
as
i
^
(
War
w
v
nounced.
The
©f
which
is
not
90%
of
its
least
tributions
would
of
amount
net
distributed,
taxable
be
also
Income
Account
for
Calendar
1944
It
equipment,
believed
is
of
the
Cash
dividends
IDivs.
rec.
dis¬
such
of
the
approved
$488,975
15,195
18,480
131,066
137,479
146,121
$897,619
$653,923
$641,649
$909,635
$745,034
Interest
debt...
bank
46,034
loan..
35,411
•Net
Divs.
39,367
25,722"
29,864
25,021
Toll
service
7,454
8,050
6,643
300,000
600,000
Fed.
stock.
319,050
141,800
Other
177,250
sales
Assets—U.
in
S. Treasury
preferred
banks,
$156,747;
Liabilities—Secured
$100,000;
$3 ,146;
Federal
accrued
31, 1944
$3,711,971;
accrued
bank
income
interest,
loan,
taxes
$15,662;
installment
accrued,
$5,411;
expense,
stocks,
payable
$62,976;
secured
Federal
1,
taxes
accrued,
(balance
1,
1946), $1,600,000; preferred stock (48,830 no par shares),
$4,883,000; common stock (354,500 no par shares), $354,500; options
warrants, $615;
capital surplus, $9,785,010; undistributed investment
1938,
(from
organization
to
June
1938,'<$2,061,595;
30,
Dec.
to
31,' 1944, $43,894), $2,105,490;
Dr$8,822,546; total, $10,077,602.—V.
securities,
frdm
net
losses
160,
p.
American Furniture Co., Inc.- -Annual
July
♦After
income
of $313,215
of
and
and
$57,043
depreciation
and
of
(net
of
$0.19
refund)
$53,579.
12
months
or
Furniture
less,
Telegraph
'*•;
'}\<g
Co.
Only)
1942
:
1:!.
\--i
inventories, $809,627; capital
Building, Inc. (at cost), $1,000;
maturing after 12 months, $20,966; deposit,
Co., $1,509; fixed assets (after reserve for
Federal
excess
profits tax, 1942, $5,751; post-war refund on Federal
profits tax, 1944, $26,218; deferred
charges, $13,190; total,
$65,778;
payroll
excess
balances,
deductions
for waf bonds, $827; payroll deductions for
withholding tax, $2,831;
Federal income and excess
profits taxes (after U. S. tax certificates of
$271,890), $53,825; State income taxes, $13,718; other
taxes, $11,124;
deferred credit (interest included In
mortgage notes receivable), $1717%
cumulative
preferred
stock,
$814,900;
stock
common
(454,500
shares, less 8,008 shares of treasury stock),
$446,492; surplus, $588,238;
total, $2,030,176.—V. 155, p. 396.
21,494,237
18,991,700
the
8,170,119
8,091,625
6,644,643
Dr946,035
Dr892,500
Dr919,000
5,249,643
A
Dr804,396
share of
a
new
stock as compared with
one-eighth
of a share
previously proposed.
As the number of shares to be allo¬
cated to
the debenture holders and common
shareholders is undis¬
turbed'the amendment would result In
the issue of 3,000 additional
shares, or 841,682 against 838,682
be
common
previously
make
slight alteration
£
in
the
contemplated.
percentages
of
new
This
common
received
will
stock
to
by the several groups of security holders.
amended plan provides that 87.78% of
the new common would
to the debenture holders, 11.27% to the
common stockholders and
The
€°
0.95 A
11.3
to
warrant
0.5
ana
r
holders.
of
American
reorganize
its
subsidiaries
on
Minneapolis be merged
American
Oas
Co.
now
has
before
Unddr
and
The
respectively.
American
a
a
of
proposal
the
percentages were 88.2%,
provides for the sale by
Minneapolis Gas Light Co
that
stock
one
under
disposed
the
all
for
the
also
basis
of
name
its
and
the
that
latter
American
and
Total
subsidiaries except Savannah
of the Savannah
properties is
sale
the
plan, American would take over the
properties of Minne¬
apolis Gas Light assume the latter's
mortgage debt and issue-its own
stock for Minneapolis
preferred on a share for share basis.
preferred
Pr0VICte® that Pai't of the
*
000
$lie772
Mm
i.
G.
000
Ohrstrom
be^considered
of
^
G.
proceeds of the sales of
t0 redUce MinneaPolis' debt to
L.
Ohrstrom
&
Co.
and
stock
prop-
$9,000,-
Harde
of
proposed plan which
at
common,
par $4.- -V.
161,
Trust
Co.
carrying
present
a
for
3c/o
a
run
rate
' ' "
which
will
Company has
outstanding
until
be
with the
Jan
used
to
$5,400,000
3V4%
loan
Bankers
1,
1954,
and
refinance the
held
Dec.
31
by
the
not
199,731,480
3,773,327
-
57,589.770
cash
Current
42,271,507
35,404,758
19,463,073
14,061,880
Unamortized debt
2,061,111
1,593,241
1,393,603
cash
7,807,812
and
18,079,000
18,585,000
18,776,000
tax... *41,998,000
*33.195,000
*40,068,000
10,123,337
9,905,178
8,973,867
18,765,218
23,865,323
27,598,719
29,871,164
169,759,381
149,049,318
159,599,787 160,390,342
4,135,680
5,166,469
6,853,372
9,668,134
expense
taxes,
8,209,729
directory
Df377,874
:
■
537,168.
51,223
22,987,149
192,777,656
187,582,749 209,349,902
22,375,167
(net).
120,791
124,911
_
debits
6,548,361,704 6,313,256,718
Liabilities—
Capital stock
(A.
Premiums
capital
on
Subsidiaries
Common
Funded
stock
1.938,943,200 1,879,720,200
298,139,237
274,401,428
stocks
held
stocks
Subsidiaries
Notes sold
& T.)___
T.
consolidated:
debt—(A.
by public..
held
T.
by
&
T.
88,589,000
•
C.
public
consolidated
income
163,165,614
168,530,764 + 163,033,894
186,974,735
171,897,507
168,478,336
168,181,146
168,181,146
18,731,893
52,428
+5,147,252
Dividends
26,462,272,
111,477,463
...
for
service
and
18,797.202
18,686,794
$9.00
$8.72
$9.09
After
deduction
$3,688,000
of
for
1943
the
1943
credits
debt.
excess
and
and
tBefore
unused
of
profits tax credits of $4,666,000
$4,452,000
profits
excess
for
$'2,507,000 of
reservation
of
tax
1942.
its
1942
$1,945,000,
credit,
such
Company
credit
the
in
used
through
reservation
the
being
surplus reserve, IDeficit.
System
Consolidating
the
Income
Statement,
Years
Ended
accounts of the American Tel. &
principal telephone subsidiaries)
1944
1943
Co.
986.853,887
Toll
its
Uncoil,
951,566,200
653,840,208
46.241,957
895,971,345
846.313,265
534,852,910
416,798,828
52,962,328
42,899,237
39,843,474
rev.
Dr3,415,902
Dr3,571,305
Dr4,460,276
Dr4,266,671
Total oper. rev.
1,769,704,577 1,648,077,060
298,559,949
275,802,767
maint.—
1,469,263,216 1,298,688,896
bonds
to
ated
almost
stock
into
indicates
the
sents
Prov.
127,896,786
116,921,993
104,591,305
14,979,161
14,581,633
14,221,243
23,861,159
20,473,875
21,349,717
23,475,832-
62,268,265
56,530,751
49,483,123
38,336,726
28,725,391
23,072,329
22,194,068.
17,468,618
15,129,304
23,714,931
exp.
18,269,907
24,863.224
20,950,462
11,120,922
14,370,623"
,
charged
construction
on
.Dr6,951,289
Cr8,902,821
Cr9,508,015
*372i935i917
*320,553,054
*230,840,309
215,924,525
226,754,695
216,017,382
8,861,783
_
Cr6 296 424
417,468,280
inc..
oper.
9,481,824
6,123,383
224,786,308
236,236,519
222,140,765
248,469.194
income
Total
inc.
of these
19,257,512
47,563,011
51,070,022
50,687,976
537,208
581,907
581,988
667,677
inc.;.
of
176,686,089
184,584,590
6,829,528
170,870,801
199,460,805
6,815,581
6,551,055
7,690.'lll
of
of
bonds
the
169,856,561
177,769,009
164,319,746
191,770,694
Am. Tel.
stk.
171,897,507
surp._
+2,040,946
Co.
the
over
168,478,336
'168,181,146
in
option,
the
the
rather
security
common
This clearly
of
$23
repre¬
than
itself,
pre¬
a
considered
section
125
the
of
the
payable at
Internal
under
the guise
of the security.
of
excess
the
amount
maturity
Revenue
This
the
of
not be
Thus, the
mav
Code.
Milf^Go.-—Earnings1944
earnings
•♦-Estimated.this
purpose
the
At
After
end
in
all
This
reserve.
1943
*$5,065,000
share
$6,098,074
$1.05
charges,
reserve
including
$1.42
$2,240,000 special
a
with $1,080,000 set
compares
con¬
aside
for
1943.
-of
1944,
the company
had
31,783
common
stockholders
11,107 preferred stockholders.—V. 160, p. 2066.
American Stores
Co.—January Sales Off 1.8 %—
January—
—V.
1945
1944
$19,866,095 $20,225,944
—
161, p. 458.
output of the electric properties of this company for the week
24, 1945, totaled 89,887,000 kwh., an increase of 5.8%
the output of 84,965,800 kwh. for the corresponding week of 1944.
over
Feb.
161,
p.
874.
;
.
Ann Arbor lilt.— -Earnings1945
1944
1943
1942
railway^—i
$468,141
$494,858
$427,855
$406,072
railway——
69,540
119,764
99,714
77,791
income—
30,986
59,653
51,843
37,886
from
$3,861,400
23,589,548
from
Net
ry.
—V.
oper.
161,
p.
562.
Equipment Corp.
—
Authorized- -Common
Stock
nancing Soon—
19,389,432
share
income
1942
in
Inc.—Output—
Power
168,181,146
9,290,673
,
Co.
outstg—
627,076
of
effective yield
amount
Amer.
Tel.
per
conversion
value
premium
fluctu¬
.
Net
Tel.
& Tel. Co. stk.
•Federal
the
so-called
opinion that
January—
Earns,
the
ail
amor¬
these bonds has
in order to exclude capital recovered
consolidated
Gross
applic.
Amer.
&
year
>.
public
stock
of
with quotations on
at any time, convertible.
are,
investment
Earnings per common
—V.
subs.
consol. held by
Tel.
price
American Water Works & Electric Co.,
chgs.
net
Tel.
company could not be
The new ruliag states:
accordance
bonds
American Rolling
48,340,712
Net inc. applic. to
on
the
calendar Years—
ending
Net inc.
difcon-
the
in
debt
oth. "fixed
stocks
in
Sales.
disc't & exp. &
Total
of
thus determine the
under
Month of
chgs.__
deductions—/
of
The
3%
15-year
229,211,682
-
bef.
fixed
Int.
option
the market
874.
and
Net
the
at
value
therefore
tingency
Taxes
Other
T.
referred to in your yetter is not deductible in computing
income for 1944 Federal income tax purposes."
ruling raises doubts as to whether the entire premium paid
purchases of Telephone 3s can be amortized to maturity.—V. 161,
Net
etc
gen.
Journal"%
&
amortizable
points
p.
accident,
Exps.
T.
not
44,463,143
and
r
Other
Street
A.
is
This
empl.
death,
is
amortized
16
Employees' sick¬
ness,
bond
basis
net
pensions
serv.
of
the conversion option.
This $23. therefore, is not a
premium such as would normally *be amortized out of gross
office
depts..
for
"Wall
price
of
196,401,075
____:
treas.
6,548,361,704 6,313,256,718
the Treasury states in a new ruling on the
Shearer, a New York law firm.
This ruling
to the same firm in which it was held
years,
the
for
independently
re¬
306,670,532
ruling
such
market
paid
236,935,531
General admin.,
the
price
call
substantially
335,413,283
Gen. & misc. exps.:
the
&
directly
which
that
interest earnings
96.921,028
13,538,554 "
from
purchase
and
price unless called.
two
true
rents.
&
call
nearly
of interest and
exps..
69.458,921
300,656,801
______
taken
the
callable
the
"For
252,581,023
Commercial
T.
Ruling—
previous
a
173,078,652
Traffic expenses-
Operating
is
Stewart
to
supersedes
186,515,933
200,764,183
&
purchase of the bonds,
question
269,346,654
—
T.
:
debentures
196.923,763
301,589,568
Deprec. & amort.
expense
A.
4,313,405
70,679,268
;
•
following
mium
Current
of
990,171
4,920,250
public____^-_„_
stock
to
between
tized
733,304,264
1,717,372,903
1,023,276
surplus.—.
ference
.
rev,.
oper.
The
6,151,497
1,882,844,252
reserves
reserved)^-
vertible
that
i
revenues
service
Miscell.
applicable
Total
of
and
S
-
Local service rev.
carried+
i
1941
1942
;
held .by
Debenture Tax
of
31
Dec.
Tel.
9,905,668
amortization
telephone plant....
applicable to stocks of subsidiaries
1944
amount
10,866,579
of
Unappropriated
retirement-
estimated
19,970,681
292.253.877
10,795,618
•
and
consolidated
1944;
42,740,930
18,516,734
credits
(surplus
78,681,986
344,285,959
Contributions
Surplus
*
share
per
:
accrued
Depreciation
18,686,794
$8.54
outstg.
$100)
31,982,214
44,040,404
accrued
liabilities
66.056,994
customers'
payable after close of year.
current
Surplus
617,568,000
"
33,288,902
billing
Other
18,793,589
19,389,432
declared
17,904,300
787,544,100
617,568,000
trustee of pension funds
to
88,588,009
17,904,300
728,321,100
Co.)
payable
Advance
Interest
107;305
13,129,880
ex¬
_____
Taxes
24,126,101 " 24,441,550
&
8,669,133
15,005,529
20,644,300
rents,
deferred
Accounts
rev.
48,183,178
15,372,728
of
Total
8,078,716
31,137,891
181,118,523
43,188,654
discount
14,939,486
201,109,303
supplies.
etc. ■_/
penses,
Other
taxes..
281,737,437
deposits.
Prepayments
21,294,079
65.221,753
389,295,168
receivables
and
575,000
55,787,121
investments
Material
Special
59,742,697
575,000
18,039,334
Cr644,267
24,999,457
not
therein
—
22,882,812
Cr618,990
203,035,887
25,801,322
consolidated
subsidiaries
—/
.
Temporary
$
9,109,010
Sinking funds
Cash
1943
5,512,395,054 5,387,789,748
7.080,936
„
investments
Deferred
227,794
a
Other
19,937,509
186,277,674
No. of shs.
nnndeyst00dl is neS°tiating
loan
to
$7,000,000
interest
'~L
*
Sheet,
_
invest,
U. -8. tax refund bonds.
Aro
loans.
of
exc.
25,649,2139
earnings-
Balance
Refinancing—
subsidiaries
in
28,506,486
458.
American International
Corp.—Plans
in
21,64.9,923
deductions../..
•Net
&
p.
Balance
property.-.,
majority-owned
22,793,688
19,255,743
of debt disct.
Dividends
Divs.
to
shares of
in
physical
147,053,884
Cr403,884
income....
expenses
to
?hfhea?ing°
ufTK SS8TSS b„5
22,567 shares
wm
Dudley
Consolidated
:—
34,300,381
—
net
Interest
Amort,
Amortiz.
company.
other
SEC.
62,762,757
190,955,368
$
199,441,190
previous
The plan
except
169,156,738
62,762,757
190,613,181
3,552,250,012 3,498,577,267 3,481,421,127
System
209,575,761
20,848,923
prof.
Accounting
voluntary
reorganization plan of the company be¬
fore the SEC are expected to be
completed shortly.
The company has
amended.its plan to provide for slightly better
treatment for warrant
holders.
Under the latest amendment, warrant holders
will receive
one-fifth of
186,553,570
62,762,757
181,725,241
_____
Assets—
17,312,916
jDrl,323,116
search
American Gas & Power Co.—Amends Plan—
on
1,458,967
205,063.533
reserves.
surplus
._Ji
consolidated
Cr463,755
revenue
devel.
Hearings
Total
Equities
$2,030,176.
credit
amort.
Investments
24,377,845
$7,110;
Liabilities—Accounts payable, $18,669; customers'
$13,603; accrued payroll and commissions,
and
$
exps.
Bell
on
7,060,297
70,742.385
3,533,587
reserve
Unappropriated
1941
,,
construct..
oper.
1944
post-war refund bonds
42,045,287
8,680,320
62,488,691
7,560,391
Telephone plant
Years
Exposition
mortgage notes receivable,
Liberty Mutual Insurance
depreciation of $901,333), $624,199;
Deprec,
Surplus
723,772
receivable,
in
Southern
42,279,433
15,526,282
70,629,364
accrued
deposits
in
$102,523; U. S. Government bonds; %%, due 1945
$400,000; accrued interest receivable on U. S. Government
bonds, $1,340; accounts receivable, $16,742; mortgage notes
maturing
798,584,900
pen¬
12,587,573
taxes
1943
cost),
stock,
787,544,100
43,578,907
of
credits
Bell
1,094,303
Assets—Cash,
(at
4,088,212
1,879,720,200 1,868,679,400
274,401,428
269,975,028
298,139,237
_
taxes
not
14,111,264
revenues
and
Financial Condition, Nov. 30,
of
stock...
_
payable
1857.
p.
1,233,272
non-oper.
$141,899
post-war
160,
10,991,275
income
(par
$0.18
,
after
has
transaction
1,125,484
miscell.
excess
Earned
$44,750 but before preferred dividends
dividends
common
Statement
taxes
the
ac¬
(net)
Report-
__
profits
excess
3,665,402
8,039.144 /
3,552,250,012 3,498,577,267 3,481,421,127
outstanding 1,938,943,200
trustee
and
Deferred
any
7,785,388
Surplus
No,
of
shares
*$137,323
but
on
1..
Miscell.
*
1
5,493,343
2,461,701
......
2,795,661
of
2641.
Years Ended Nov.
30—*1944
Earnings .after Federal taxes.;,
Earnings per common share..
1,
sales
on
Accounts
$10,788,890.
23,216,810
—
Interest
1945,
payable
June
income
7,583,722
2,390,740'
;
728,321,100
to
Preferred
$10,077,602,
June
other
loan
bank
$4,540,644;
total,
to
125,295,721
exps._
__—
Dividend
common
'
_
capital
payable
Interest
of
bonds and notes, $900,008; corporation bonds,
stocks,
Dividend
represents
employees'
chgd.
Net
$752,570;
cash
comm.
and
Exps.
securities.
Balance Sheet, Dec.
debits
and
on
fund
sion
to
174,723,847
expense..
for
Gen'l
on
6,458,750
cident, death St other
298,410
177,250
$547,332)
This
came
1943
maintenance..
benefits
293,475
(1944,
amounted
profits are payable
Calendar
&
229,051,859
Operating- rents
$798,862
losses
145,084,396
37,311,155
&
debt
sold
Notes
delay in
times running
settlement
issued
Funded
for
180,882,402
revs.
pensions
Employees' sickness
82,000
or
19,328,807
.
discount
——__
Premiums
an¬
198,610,965
service
$487,210
profits
for
revenues.
Traffic &
78,306
to
stated,
Telephone
revenues.
Depreciation
$500,961
regard
President
various
at
Department.—V.
Account
revs.__
oper.
oper.
Current
70,220
common
Grady
Treasury
revenues.—
License contract
pref, stock...!
on
by
Grady,
F.
claims
excess
•V(•'
$553,728
♦Without
or
1944
32.374
8,019
income
on
Div.
37,339
30,241
on
JUxpenses
Mr.
the
(American
Total
$511,503
•Taxes paid and accrued
Federal income taxes..
income
20,148,460
227,273,688
—2,319,408
deferred
Stock
from the
the Gov¬
payment
acquired
stockholders.
insurance
15,669,978
259,838,974
supplies
Miscellaneous
1941
1942
11,355
income..
gross
funded
on
by
Income
Prov.
Total
Int.
hull
14,610,552
debt
Total
%./
the
to
and
$
23,795,776
expense
American Telephone & Telegraph Co.—Annual Report
Uncollectible
80,705
—
and
proceeds,
Miscellaneous
Years
$616,914
—
securities.
in
Interest
statement
a
Federal
no
been
from
cost).
receivables
Material
Other
cost)
investments...—
Unamortized
WSA payment, plus $7,500 for deferred repairs,
and
compensation.
Book value of
the nine
vessels,
spare
$500,000
and
accrued
were
arising
distribute
year.
1943
final
compensation
as
(at
%/:%;/
551,970,294
532,297,833
2,614,840,621 2,623,836,404 2,684,999,338
46,934,407
46,858,232
49,536,689
Liabilities—
in
Henry
$500,000
(at
1942
:
$
575,412,380
-
———
deposits
cash
Current
;
subs,
in
invests,
Temp,
1943
,
$
plant
and
Cash
on
1941.
income
according to
$14,814,830
parts
paid
1943»
*
1944
regardless
during the
share
per
Receives Payment
vessels
nine
charter,
obligations
to
$4,533,330,
the
for
'
June,
as
company"
and
year
cents
Ships—
$14,814,830
under
has
the
as
far
as
Additions
*
required to
stockholders
the
to
be
each
in
losses established
capital
.1
would
but
net. income
taxable
35
—
•'
payment,
th
while
.
WSA
with the year 1945.
As such the company would be relieved
liability for Federal income taxes except with respect to its net
Income
received
Administration
lost
or
starting
•at
has
company
Shipping
ernment
be taxed under
investment
"regulated
a
.
elect to
to
company
Lines, Ltd.
from Government for Nine
—
amounted to $547,332,
for possible losses on sales
sold during'the
securities
charged
was
of
par
13.
part
'
A
loss
Net
which
no
March
totaled
in Govern¬
$2,012,500 in
excluding
purchases,
1944
mainly
redemptions,
market
redemptions during
and
sales
of
cost
'obligations,
ment
at
security
dividend
a
1944
,
Assets—
Telephone
Co.—Declares Larger Dividend
declared
have
'
,
have
Johnston
R.
value common stock, payable April 2 to holders of record
Payments last year were as follows:
25 cents each on
April 1, July 1, Oct. 1 and Dec. 28; plus a special year-end dividend
of 30 cents on Dec. 28.—V. 161, p. 874.
,the
back
Revenue.
Proceeds
H.
Invests,
,
that net capital losses
established during 1944 exceeded the net taxable income for the year,
the management is of the opinion that dividends paid during
1944
will
not
constitute
taxable
income
to
stockholders.
However,
the
correctness of this opinion must be confirmed finally by the Bureau
of
Walters
H.
Chadbourne,
W.
Other
directors
The
Youngs, President, states in part:
accounts of the company indicate
the
Since
and John
Royce
H.
762.
p.
American Locomotive
The
no
company,
R. M.
replacing
an
year-end
deduction has been made for Federal income tax
on
unrealized
appreciation because the carry-over of capital losses
would have been sufficient to offset such profits if realized.
the
Alexander B.
directors,
Lester Watson.—V. 161,
and
and, after deducting the
of
Barrett,
D.
elected
in
Telephone & Telegraph Co. Balance Sheet, Dec. 31
,
Edmund
been
$141,156,961
,
New Directors Elected—
Valuing securities at market quotations, the net assets of company
applicable to its outstanding capital stock as of Dec. 31, 1944, amounted
other
and
1944;
18,797,202
18,686,794
$9.50
$8.79
$8.89
$102,684,243
$83,399,178
in
in
$133,452,222
1944;
1941;
in
$103,387,736
Federal
1943;
in
excess
$89,343,512
18,686,794
$10.26
1943;
$101,-.
profits $173,in
1942
and
on
shares
Convertible Preferred
Shares
Doubled—New Fi-
«
at the annual meeting to be
held March 8 will
proposal to increase the number of $2.50 par value common
stockholders
The
vote
New
a
to
1,000,000 from 500.000 and to
par value cumulative
The directors have
authorize 50,000 shares of
$50x
convertible preferred shares.
negotiated
with
certain
investment
bankers
on
.Volume 161
the
purchase
30,000
of
to
public
shares
stockholders
preferred
amined.
the
and
preferred
letter
will be
The
sale
offering
and
by J.
into
to
and
stock.
tmon
President.
at
common
not
net
according
of
to
Atlantic Coast Line Co. of Connecticut—Tenders—
a
The company on Feb. 28 announced
The initial series
price not, yet deter-
a
500
The
corporation, filed,
(par
$50),
and
25,000
Markey,
Feb.
£5,000
The
McCormick
the
public
will
price
&
Co..
-
transactions
Interest
in
These
of
ics
its
include
the
account
open
and
delivering to
The
•sory
note
in
l.ke
Associated
much
of
refunding
donate
to
proposes
the
Subsidiary—
Portsmouth
by
Associated
Electric
latter's
Portsmouth
to
as
indebtedness
account
open
Klees
•the
and
George
purchasers
is
the
cash,
$480,000
tion
is
note, of
exercised,
£$25,000
•stood
the
in
the
that
base
the
Service
$480,000
issuing
liromis-
of
at
purchasers
sale
during
do
its
the
the
of
Portsmouth
intend
sale
entitled
be
parent
the
fire,
Net
to
reduction
a
the
the
in
the
step
indemnity
operations
after
income
on
Jan.
in
the
development
The
burglary
Further
in
be
announced
steps
service
of
de¬
and theft
the devel¬
will
563.
p.
1944
ended
Feb.
-6,738,085
The
23,
•electric
$11,366,284
charges and
$9,332,427
334,029
365,332
taxes
Ohio RR.
jAccrued
amounted
the
for
to
the
over
Associated
1944—12 Mos.- -1.943
accrued
Accounts
•
for
29,225,892
387,193,036 358,142,152
31,354.497
Ry.
accruals—-
tax
rents
(net)
inc.—
48,652,847
46,457,959
614,750
7,415,429
7,044,370
173,066
2,407,628
1,888,002
1,217,587
from
*6,238,533
41,648.378
888,095
7,741,295
8,637,968
1,887,240
*5,350,438
49,389,673
60,805,437
184,161
income
deducts,
3,322,112
669,653
ry. oper.
income
Other
139,677
556,477
382,945
.(net)
facil,. rents
Net
138,324,496
kwh.,
Electric
&
an
week
Corp.
Electric
&
Gas
Inc.
last
502,907
1,120,177
2,035,995
inc.
16, 1945, amounted to 137,746,285 kwh., an increase of
3,650,783 kwh., or 2.7% over the corresponding week in 1944.—V. 161,
763.
52,167,469
Miscellaneous
Reserve
Electric
&
Corp.
"Deficit.—V.
$
'©per.
revs.—electric
$
$
117,121,078
107,235,656
32,505,297
13,159,807
4,192,290
3,374,460
Miscellaneous
its
The
5,790,452
5,654.930
1,578,532
1,579,296
137,228,030
126,050,393
38,276,119
33,133,732
60,710,348
54,921,178
17,498,893
15,472,499
9,417,297
8,327,711
2,778,198
2,271,542
13,180,199
12,253,908
3,583,318
3,161,792
10,312,453
8,802,481
2,722,504
2,269,566
12,511,616
oper.
revenues-
12,136,581
3,461,703
2,914,416
Operation
Maintenance*
Deprec.
of
and
84,
•Other
inc.
taxes
of
debenture
an
in
Operating
income
31,096.117
29,608,534
8,231,502
1,049,863
163,779
Jan.
the
income
30,658,397
by 565,032 shares, no par Value.
"("Cancelled Dec. 31,
55,332 shares;. Dec. 31, 1943, 55,332 shares.
lAfter U. S. Treas¬
ury
tax
savings
certificates
and
accrued
interest.
Dec.
31,
1944,
$803,470; Dec, 31,
1943, $1,203,820.
.§ After deducting reserves for
of
—subsidiaries 1
19,008,496
Balance
Tncome
i Gas
18,939,431
5,323,557
11,718,966
3,071,723
Electric
2,534,842
Corp.
stock.
'
•'
Y
"Balance
of
•■
813,333
'
■■
141,939
1,537,007
12,052,551
10,181,958
-Accepts Tenders Of $1,286,100
last, company
total
a
that it has
announced
ac¬
of $1,286,100
of
cost
directors
.
for
will be acquired
at a price up to but not
will
be
value
acquired
issue
at
will
be
at an average price
divided as follows:
of
74.6.
$141,512
75,
shares of
the
$25
liabilities—
tax
"Before deduction
•of
indebtedness
•cluded
1,
for
of
provision
earnings
of
5,605,000
The
for
other
indebtedness
on
Associated
Jersey
consider
on
and
Securities
will
Gas
Federal
Central
Light
&
Commission
the
22
names
of
Feb.
announced
nine
20
proposed
men
by
fxd.
468,773
388,877
279,004
157,259
98,609
5,752
Cr5,537
06,678
09,317
inc.-
$136,150
$174,599
$179,024
trustees
members
as
surviving
161,
of
the
initial
following
company
(net).
3,024
2,439
*478
the
board
of
directors
reorganization
to
govern
A.
$139,174
$177,038
$178,546
chgs
M.
Funds
that
Nov.
the
161,
also
are
available
125,
Santa
Fe
for
to
the
January—r :
operating revenues
.Railway
operating
-Railway
Other debits
"
and
' '
-
v
'
'
J
'
r
'
'
'
railway
298,758
income
of
stock
$4,828,082
is convertible
stock
is
into
compared
in
Atlanta Birmingham & Coast
'
January—
Ret
from
from
Ret
ry.
^-V.
J.
122,963
Cost
the
The
basis
stock
common
redeemable
'
H.
1943
$630,981
209,540
82,867
of
will
IV2
be
the
shares
'
of
redeemed
Manufacturers
their
&
gen.
1942
$423,300
88,598
Total
Other
for
March
stock
:
Un¬
21.
Trust
Co.,
revenues
Operating
expenses
Provision
for
29,878
fcr
and
Rent of equip,
3,700,000
—
4,250,000
,
569,975
519,661
The
Commercial
William
Dana
135
class mfftter
year;
etions
S.
and
Financial
Seibert,
February 25,
D.
U.
8.
Rlggs,
Chicago 3, 111. (Telephone:
1942,
income
1,763,039
84,552
84,021
$1,608,703
$2,820,699
82,623
97,964
$1,891,326
227,800
27,456
233,500
695,700
1,078,000
1,818,720
$512,953
$552,370
$840,332
tax.._
excess
profits
tax__
_
surplus
common
$2,918,662
.
.
35,331
224,280
1
200,000
$512,953
share——
wider
a
Lincolnwood
distribution
Patent
offered
will
involve
not
series
and
by
group
a
the
any
common
headed
by
1944
-Earnings—
1943
1942
1941
$63,454,259 $59,594,842 $55,736,382 $50,710,575
52,735,214
48,884,541
44,723,331
40,418,683
$10,719,045 $10,710,301
734,427
income
amortiz.
of
730,977
657,217
debt
long-term
on
3,731,505
Refundable
portion
3,744,321
3,688,342
3,646,202
$7,721,966
income
$7,539,808
$8,055,687
$7,302,907
of
profits tax____
excess
$11,013,051 $10,291,892
.
$11,453,471 $11,284,129 $11,744,028 $10,949,103
debt, etc.
Net
573,828
of
709,000
6,706,096
6,6~21~993
*$893,381
$640,591
$680,914
858,359
stk.
1,654,000
6,779,189
*$875,662
(par
1,755,000
6,842,628
851,151
842,102
832,492
$6 98
$6.95
$8.72
$8.77
outstdg.
$100)-;
Earnings
share____
per
"Deficit.
Sheet,
Land
Dec.
1944
Fixed Capital:
and
$
buildings,
at
cost
23,118,744
31
>,1943
1942
.YYf>'$>''
$ y.
22,949,156
22,769,37
Telephone plant and equipment— 212,898,155 206,696,084 202,559,88
General equipment
4,777,082
4,610,233
4,594,21
Investment securities
14,459,705
14,459,164
14,458,56
Cash
563,967
Temporary
cash
and
investments
&
of
2.513.15
4,105,625
4,477,72
subsidiaries—
281,500
308,000
assets.
6,056,472
5,581,380
4,118,000
2,363,000
other
portion
curr.
profits
exc,
tax
Prepayments
Discount
Disc. & prem.
Other
325,00
6,038,51
•
709,00
928,854
883,91
289,889
311,20
1,529,313
1,679,737
1.830.16
87,290
52,03
debt
bonds redeemed—
on
deferred
933,472
268,576
172,297
long-term
on
306,77
6,025,176
3,603.076
receivable from
receiv.
.714,684
7,642,761
supplies
debits
Total
——_____
280,418,502 270,802,890 261,829,515
stock
June
1,
1957,
sold
loan
Notes
payable
—
series D,
1,
trustee
to
of
$552,370
$640,332
328,420
329,940
$1.25
$1.36
$1.56
*After deducting at Dec. 31, 1944, a post-war credit of $77,300 cur¬
rently allowable as a debt retirement deduction, at Dec., 31, 1943, a
post-war credit of $120,000 currently allowable as a debt retirement
3'/j%
1947, 2%%
pen. fund
accrued
3,000,000
3,000.000
3,600,000
12,176,919
12,607,829
12,232,070
1,000,000
112,821
:
2,230,114
6,585,339
2,359,556
1,997,956
2,157,879
84,514,592
76,913,614
69,156,596
7,598,049
:
—
surplus
Capital surplus
Earned surplus
2,689,968
2,231,011
liab._
capital stock
on
107,884.
1,318,111
7,489.929
7,354,194
for
liabilities
credits
109,721
1,432,993
2,381,406
curr.
reserve
t
•
2,$45,926
5.670,227
2,336,617
4.118,000
^
2,363,000
109,000
2,428,913
Total
160,
7,500,000
25,000,000
1,477,016
payment
Depreciation
-V.
7,500,000
25,000,000
subsidiaries.
and
service
accrued
Reserved
7,500,000
25,0000,000
6,524,663
to
billing
payable & other
Deferred
30,000,000
(secured)—__——
telephone
Taxes
30,000,000
C, maturing
(less in treas.
—
mtge. bonds,
Bank
Accts.
84,210,200
maturing
ser.
Notes maturing Aug.
Advance
85,115,100
30,000,000
B,
5%
bonds
1969, 5%
1,
$7,000,000)
1st
85,835,900
par)
bonds ser.
mtge.
May
($100
debt:
mtge.
2,393,039
2,332,733
2,829,245
3,704,702
4,598,278
280,418,502 270,802,890 261,^29,515
p.
1395.
Office)
Business
of
.
stock
preferred
publicly
revenue.
gross
Notes
327.760
common
the
in
photographic supply
a
Incorporated.
income
non-oper.
Manager.
State 06131;
South and Central America, Spain, Mexico and Cuba, $29.50 per year; Great Britain, Continental Europe (except Spain), Asia, Australia and Africa,
in the rates of exchange, remittances for foreign subscriptions and advertisements must be made in New York funds.
of
initial
be
taxes, etc,__
Operating
Net
20,013,024
1,579,921
10.504
contingencies
Earnings per
and
William B. Dana Company, Publ lshers, 25 Park Place, New York 7, N. Y., REctor 2-9570.
Herbert D. Selbert, Editoi and Publisher;
Published
twice
a
week [every Thursday (general news and advertising issue)
with a statistical issue on Monday].
Other
1 Drapers' Gardens, London, E, C., England, c/o Edwards & Smith.
Copyright 1945 by William B. Dana Company. Reentered as secondat the post office at New York, N. Y., under the Act of March 3, .1879,
Subscriptions in United States and Possessions, $26.00 per year; in Dominion of Canada, $27.50 per
William
(Reg.
to
revenues
Oper. exp.,
$24,680,783
128,302
■
for
Balance,
$1,749,907
Chronicle
President;
La Salle St.,
obtain
"To
Bell Telephone Co. of Canada-
1942
1943
14,284,419
deductions
Dividends
161, p. 875. {
offices:
sale
The
expected
Premium
474.682
$1,339,260
said:
calendar Years—
1st
$1,318,655
—__y.—■
Federal
for
shares,
issued
Liabilities-
12,279,516
1,554,274
k
84,449
-
exps._
profit
Reserve
4,500,000
S956.127
and joint facilities—
This
financing."
are
Long-term
—
Net railway operating income
-V.
Net
be
production.
war
.
Telephone
1st
income
Provision
>
1945
1944
1943
—
$13,938,748 $13,355,914 $12,859,217
.—8,712,646
7,246,993
6,134,628
taxes
President,
conducted
are
The company is
in
45
$ j.,446,957
admin.
to
are
The
Howell
&
1942.
engaged
Harriman Ripley & Co,
Other
Operating
111.
31
and
_____
charges
"Provision
Month of January—
Bell
is
holdings,
company
Accts.
common
on
$15,236,895 $17,757,594
sales—.
Each of
new
stock it is contemplated that, along with the sale of tho
preferred stock by the company ,
certain persons and
estates owning substantial blocks of common stock will sell a part of
,
159, p. 2627.
1944
allowances
Operating profit
Coast Line RR.—Earnings—
Atlantic
and
McNabb,
Material
'
.
to and including March
up
at
Y.—V.
Other income
563.
p.
of
Selling,
RR.—Earnings—
29,456
31,135
income
25
common
Refund,
Depreciation
1944
$622,800
146,318
1945
$870,340
income-—
oper.
161,
*
railway——
railway
Federal
with
1944.—V.
-
Redeem Preferred Stock—
discounts
and
taxes,
taxes
•Gross
Sales, less returns,
shares
cumulative
Common
$3,974,760
$9,262,000
161, p. 563.
profits
profits
5
Belding Ileminway Co.—Earnings—
and
•excess
to
for
on
preferred.
Beaver St., New York, N.
206,371
January 1945 include $11,224,000 Federal income
•excess
prior
outstanding
take
common
share
converted
11,349,947
——
operating
"For month of
'
1
Years Ended Dec. 31—
Net
coupons
22,445,940
13,459,021
——-
all
pay
redemption at $27.50 a share the outpreferred stock.
It is expected that most preferred
advantage of their option to convert the preferred
$1.50
will
into
each
26,373,101
,
announces
to
directors have called
holders
1945
1944
$44,958,962 $37,977,018
expenses.-,
accruals..
tax
of
operations
Notes
Ry.)
Month of
Railway
and
$121,929
99.
p.
value.
par
into
the Defense Plant Corporation's
company's program is under¬
call for an addition to the plant and any proceeds not needed
purchase or the addition will be added to working capital.
Chicago,
Comparative Balance
Beaunit Mills, Inc.—To
stock
&
52,013
$126,533
Secretary,
*
/tanding
Colorado & Santa Fe Ry.
preferred
30,000
plant at
763.
p.
Harnwell,
15.—V.
The
Panhandle
48,526
$128,512
the
Atchison, Topeka & Santa Fe Ry.—Earnings—
(Includes Gulf,
45,752
income
$183,234
61,305'
$93,422
—
that -coupon No. 15 of the
6V2% first (closed) mortgage 20-year sinking fund bonds dated Oct. 15,
1934, is now payable upon presentation at any of the offices of the
Canadian Bank of Commerce designated on the face of the coupon.
Associated
the
of
of
1,705
y
Bay-Adelaide Garage, Ltd., Toronto-—Interest Payt.—
Oct.
106, 458.
p.
series
$181,529
*
ISystem.—V.
reclassified
are
Assets—
fExabove.
since
Co,
497,761
299,482
''Deficit.—V.
certificate
Corp.
shown
taxes
income
Power
than
Electric
&
673,256
_
oper.
income
Net
Directorate March 22—
Exchange
March
on
ry.
outstanding
500,000 shares,
initial
Shares
1,540,000
1,475,000
1942
$659,698
Inc. avail, for fxd. chgs.
1944.-
Hearing Date
it
interest
trustees
the
from
^Includes
of
5,980,000
—
1943
$798,378
1945
(net)
Increased, etc.—
Feb.
on
1,000,000 shares of $10
value to
par
shares
20,000
Int.,
1944
$945,827
exus
income
meeting
special
a
76.
$1,114,640
revs.™
oper.
Total
•^Amounts of reductions
in
oper.
Other
2,058,225
1944,
including
price up to but not including 75; $243,900
and $24,556 for $32,500 par value at a
a
of 75 but not including
excess
at
plant which was built in
debentures
Net
476,617
2,929,784
$39,821;
31,
the
manufacturer
interest
Rent
■
income—
1iAfter
1943.
1944,
Dec.
cumulative
Under
Main
10,
by
4s
par
.
trusteeship
'•/
,
in
$1,600,179
26 authorized
60,000
preferred
stock and an exchange of common
plan, which calls for the company's first publte
financing, the 60,000 shares of $100 par value preferred are to be
issuable in series, and authorized common stock changed from 20,000
of
30,509,481
Ry. tax accruals.
r
and
1944
Bell & Howell Co., Chicago—Stock
Stockholders
shares
disc,
4,586,266
12,865,884
_
in
accounts
and
notes:
Dec,
31,
$40,851, and reserve for discounts:
$17,830; Dec. 31, 1943, $21,497.—V. 160, p. 2290.
1943,
20,914,438
Bangor & Aroostook RR.—Income AccountRy.
Ry.
deducts.—Assoc.
&
and
i
_
$1,668,891
doubtful
for
31,
*6,229,803
acquired will be kept alive in the sinking fund and
accruing every six months will be applied by the trustee
for purchase of additional debentures.—V. 161, p. 458.
7,121,108
8,395,281
$7,089,839
"Represented
1944
Lincolnwood
77,192
31,874,380
1,341,092
2,022,92a
:
part of the proceeds used to purchase
Month of January—
Gross
Dr209,08l
2,208,113
$6,866,721
;
28,259,961
purchase
at
5s
debenture
The
"Total income deductions
5,693
200,000
1,341,092
•
58,769,442
of 79.8.
average
$325,200
the
7,043,916
778,264
__
income
*
1,757,200
£>r209,081
treasury_Y___
Total
Total
•Other
5,646
200,000
1,757,200
48,269,496
Co.-
expenditures of this
for $192,000 par value at
price in
taxes_
18,788
liabilities,
contingencies.-
27,355,058
The
for
plant
prop.,
equipment
Federal
7,447
14,324
allotment plan
;
surplus
the
offer
appropriated
The
Total
5,155
stock '
held
123,614
balance)
bonds
war
140,070
120,164
(credit
current
for
179,771
withheld
376,458
principal amount of its
$997,426.
;
the purpose is to be expended
as follows:
$587,458 for $736,400 par value of series A 5s and $409,968
for $549,700 par value of series A 4s.
Cash
28,179,975
14,316,500
Gas
145,089
profits taxes
*5,853.345
161, p. 876.
series A debentures
$
excess
*565,097
tenders for
cepted
11944—3 Mos.—1943
537,007
77,612
1,703,079
Baltimore Transit
Subs.)—Earnings
(&
11944—12 Mos.—1943
$1,000,000
466,725
2,268,176
—
income--:
Under
Associated Gas
$700,000
surplus
An
.
Debentures—
3P.
$7,089,339
etc.—.
withheld, under payroll
exployees'
stood
Feb.
Period End. Dec. 31—
fxd..
.
charges—
Net
that the
the week,
for
for
charges
year.
report
group
avail,
Fixed
the
1
$6,866,721
,
287,068,754 250,584,352
Equip,
the
week
increase of
for
Group
and
receivable
Amounts
Dec.
27,505,516
report that
Corp.
Electric
&
corresponding
Gas
the Associated
Electric
&
Gas
181,195
1
(trade);—_
wages,
income &
Fed.
depreciation
-Earnings—
1944- -Month—1943
29,802,202
Co.—Weekly Output—
Gas
Associated
5.1%,'
or.
of
output
Associated
the
1945
kwh.,
trustees
ended
the
of
160.680
677,133
181,285
_
1943
revs
Total
of
output
—;
________________________
payable
expenses,
;■resulting in
trustees
158,623
payable
tShares
exps
Misc.
The
239,594
Liabilities—
Notes
Earned
oper.
161, p. 763.
•electric
2,358,652
8,750
669,751
;
—
_____
"Common
Ry> oper.
Joint
Associated Gas & Electric
3,945
2,023,128
'
.y—
reserve
Company's application for an extension of time until April 28 to
•Complete the acquisition of Indiana Gas Utilities Company's assets and
liabilities has been granted by the SEC.
Indiana is to be dissolved.
776.662
1,519,131
3,946
.
'
charges
Accounts
Taxes
$
option.-
1943
$1,172,846
1,359,029
(trade)
receivable™
_*
assets
Total
with
area
burglary, robbery
2.
161,
seaboard
company.
of
insurance
casualty
months.—V.
Baltimore &
Ry.
receiv.
notes
•.
Goodwill
future.
second
forms
coming
eastern
the
all
complete
a
the
by.the
Period End. Dec. 31-
under-,
is
It
fcFixed
Accrued
,
of
and
inventories
assets
Deferred
Oper¬
Earnings per share on capital stock——.
$4.04
$4.44
Company is a closely held corporation,
L. M. Doolen is Treasurer.
stock,
If this op¬
acceptances
accounts
Investments in and advances to affil. companies
Other
/
company.
the
of
1944
2,177,834
theft
participating basis.
Years Ended Sept. 30—
Net sales
Neither of
but Mr.
stock.
exercise
to
which
Austin-Western Co., Aurora, III.—Earnings---
subsidiaries,
its
of
two
principal amount.
will
price of
purchasers
closing
in
31
$284,374
securities
&
notes
Capital
surplus so
(approximately $1,-
State.
the
cash
a
writes
now
began
of
conducted
marks
facilities
which
on
contemplated- in
announcement
opment
Extension Granted—
—-V.
expansion
and
rates
will be
present
insurance,
by
Co.,
policy
by
Government
Merchandise
Portsmouth,
or
and
Co.,
the
of
provided
are
standard
underwriting
and Arkansas Louisiana Gas Co.
date
Portsmouth
the
at
This
have the option under the agreement of sale to pur-
on
forms at
territorial
paid-in
York
New
Associated
with
Cities
Gas Corp.,
The purchasers
for
of
of
residents
affiliated
Arkansas Natural
-chase
Shaw,
H.
is
director
a
coverages
S.
Dec.
'.
Miscellaneous
Co.,
physical damage
Sheet,
indemnity
ations
050,000 at Oct. 31, 1944) as exceeds $480,000.
Associated will then sell all the outstanding stock of Portsmouth,
•Consisting of 4,0G0 shares of common stock (no par), for a base sale
in-ice of $100,000 in cash, subject
to closing adjustments,
to A. L.
Shaw
and
Balance
.
_i
11 Accounts,
has
partment,
proposed
U.
company
will
support
the
principle of operation
long been observed by the parent company in securing its
through brokers and agents and 'paying standard rates of
brokerage commission.
All policies will be written on National Stand¬
Co.
indebtedness to
>,•
recently organized casualty
Insurance
Co., has now completed
facilities and is ready
to begin operations
insurance
liability
collision
ard
the latter in payment therefor its five-year
principal amount, bearing 4% interest.
V, •'
business
Exchange Commission approved Feb. 17 a series
through which the company will dispose of its entire
whody owned natural gas subsidiary operating com¬
Gas
■> .■•'•,''
Cash
field,
according
to
an
announcement
made
on
The affiliate will write ad automobile forms including a com¬
27.
which
and
Portsmouth
Comparative
Assets—
161,
Affiliate Announces
—
Dec. 31, 1942, a post-war credit of $202,080, of which
currently allowable as a debt retirement deduction.
rejection
or
1945.—V.
2,
at
was
an
autombbile
bination
Company will use its share of proceeds to acquire and carry inven¬
tories, purchase machinery and other equipment, research and develop¬
161, p. 306.
■ »
Securities
acceptance
March
97£
deduction;
at
Mutual
s
Associated Electric Co.—Sale of
of
than
'
Indemnity
Atlantic
automobile
the
and
y
Notice
later
indebtedness
of
4*"
$200,000
accepted, tenders of $836,-
7v>\>;;>v• "v;>>•
Mutual
the
in
Kebbon,
Republic Co., Inc., and
Central
are
of
its
C.
by
30,COO by J.
be supplied
and
company
offering
ment.—V.
pany,
■>'
■.
Atlantic
affiliate
Feb.
underwriters
Principal
of
•;,■;>y
it had
certificates
Atlantic Mutual Insurance Co.
the SEC a registration ^state¬
shares, convertible series
shares
($2.50 par).
Of the latter
by
scud
The
5%
Complete Automobile Facilities—
amendment.
The
763.
preferred
common
being
are
President.
its
p.
with
19,
cumulative
30,000
of
average price of 116.235 per $100,
of tenders received was mailed not
-
covering
shares
amount
from
$500,000
Registers Common & Preferred—
ment
principal
com-,
than "$1,425,000
from the
less
than
less
not
series
initial
an
shares,
common
Markey,
expects
preferred
of
them
by
25.000
C.
convertible
company
the
of
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
$31.00 per year.
NOTE:
On account of the fluctu*
THE COMMERCIAL & FINANCIAL CHRONICLE
980
the authorized
to 90,000 shares.
corporation presently has outstanding cumulative convertible pref-
The
to
incorporation
of
increase
stock, without par value, from 60,000 shares
and
stock
erence
certificate
the
amend
to
common
stock.
common
...
.
..
QXrr,
Cullman
board of directors also
the
stock to its stockholders.
The offering
will be made to all stockholders of record at the close of business on
Feb. 27
1945.
The stockholders will be entitled to subscribe for one
share of stock for each two shares of stock they bold.
The offering
will be made at $25 per share.
~
"As
soon
after the registration
statement becomes effective
the
corporation will issue subscription warrants evidencing the right to
subscribe to the newly authorized common stock."of
authorized common
newly
corporation filed, Feb. 26, with the SEC a registration state¬
covering 60,000 shares of ($12.50 par) common stock to be sold
The
ment
ited
underwriters' discount is $1.50 a share.—V.
The
however,
116, p. 672.
Calumet & Ilecla Consolidated
'
York Curb Exchange has
of common stock (no
official notice of Issuance.—V. 161, P. 763.
Committee
The
par) upon
Erie RR.—Earnings-
Bessemer & Lake
1945
1944
1943
1942
$752,876
"421,036
$942,472
*237,356
$982,758
$887,791
*232,370
*213,700
*236,106
*60,126
*174,206
*174,604
January—
Net
railway
from
Gross
railway
from
Net ry.
__
Income.—''
oper.
161,
•Deficit.—'V.
Copper - Co.—Smaller
The
1965.
160, p.
emphasis
with
Co.,
Equipment
Petroleum
field
oil
and
refinery
on
drilling equipment,
Petroleum was founded in 1922 and now operates
stores in Bakersfield,
Castaic, Signal Hill, Rio Vista, Santa Fe
Canada Steamship Lines, Ltd.
principal warehouse of the two Bethlehem sub¬
continue in Vernon, Calif., with Petroleum Equipment
will
sidiaries
and
offices
General
its office
continuing
International
in
Francisco.—V.
San
160,
619.
p.
number
the
shares
such
of
retired
shares
the
and
shares has been announced.
of 11,877 preferred
this
at
This
to 17,975.
In De¬
purchase shares for redemption
the result of this offer.—
time
are
V. 151, p. 1564.
V.
or
161,
p.
$16.54
307.
711,684
on
Jan.
on
31,
1944.—
Month of January—
Operating
1945
$6,671,773
$6,832,132
5,541,205
488,303
256,989
26,899
545,829
247,408
33,824
$142,760
$463,866
122,417
108,195
expenses
—.
—
-
Equipment rents (Dr)__———
Joint facility rents (Dr)_——
Net railway
——
operating income
Other income
1944
...
income
$265,177
Total deductions
to
$572,061
.346,670
363,104
(rentals, interest, etc.),
income
*$81,493
—_
'Deficit,—V.
161, p.
$208,957
876.
Period End. Dec. 31—
of
,
1944—3 Mos.—1943
electricity
Other oper.
the
1944—12 Mos.—1943
Total oper. revenue— $15,401,054 $15,135,214 $59,507,866 $56,393,107
4,538,528
4,957,211
17,985,758
18,581,447
Operating
expenses
Maintenance
2,598,898
Fed.
income
tax
Est,/reduction
income
insurance
Insurance
7,209,705
10,003,466
Trust
*4,400,000
be
will
of
bonds
used
mated
at
taxes.
The
46,712
$2,786,086
$2,209,329
Sales of
of
•No
$3,289,148 $11,631,238 $11,150,920
576,160
2,433,504
2,376,268
—576,757
Net income
Sales
elec.
computations indicate
$2,712,988
492,880
for
made
no
15,
1949,
15,
thereafter at
1953,
thereafter
$9,197,734
$8,774,652
480,091
1957,
the
under
stockholders
stock
to
3,000,000
1,785,645
at
voted
from
26
to
approved
authorize
two-for-one
a
an
increase
of
split-up of the
common
shares
the
the
of
r^te
additional
one
share
for
each
share
now
held.
161, p. 764.
Total net
on
on
Dec.
assets, with securities
31,
This
31,
Dec.
1944.
1943.
Investments,
Reports-
with
annual
at
carried
net
were $4,027 237
assets of
cost
a
$3|l03!547
to
the
company
$3,288,213,
of
had a market value of $3,847,208 on Dec. 31
1944
and
by Guaranty Trust Co. of New York,
custodian, amounted
$185,365.
The net asset value of the shares on Dec. 31
1943
was
$14.39 per share; on Dec. 31,
1944, $16.78 per share.
cash
held
to
to
Outstanding shares on Dec. 31, 1944, totaled
239,916,' as compared
215,648 shares outstanding at the end of the preceding year an
increase
of
11%.
over
1
Income
these
the
for
Calendar
1944
Ltd.,
$158,368
$120,569
27,195
Income
19,247
15,429
Expenses
Prov,
for
Fed.
inc.
tax
4,792
3,091
$126,381
144,766
$98,232
$87,879
1941
$116,945
19,051
2,800
capital stock.-
Canadian
which
on
107,255
•Excluding security profits and losses.
Balance Sheet, Dec.
'
interest accrued,
$97,894
101,688
87,225
capital
$185,365; dividends
$9,955; total, $3,483,634.
a
surplus,
stock
corporation
($1
par),
$239,916;
$328,533;
total,
$3,483,534.—V.
capital
161,
Capital
debentures
of
in
the
balance
the
category of
sheet
(J. I.)
Co.,
Total
1945
of
asset
deprec.
1944
and
amortiz.
P.
in
included
investments at $4,177,979.
Since the end of the year
been acquired and company now owns a majority
capital of Brewing Corp. of America.
Con¬
outstanding share
sequently it is proposed in future to consolidate the accounts of Brew¬
ing Corp. of America with the accounts oT Canadian Breweries, Ltd.
During the year your company incorporated, as a wholly owned sub¬
Victory
waterfronts
Ltd., which has now nearly completed on the
plant to process soybeans and other oil bearing
Mills,
a
income
and
Post-war
Net
for
surplus, $2 899
160, p. 532?
14,810,457
§11,600,000
10,282,919
420,000
500,000
370,000
1,000,000
$2,420,457
$2,482,919
tax_
tax
reserve
_____
dividends
487,756
__
dividends
share
common
$25),
(par
issued
($100 par)
In
December
for
in exchange
one
post-war
$800,000
tax
ments
war
on
refund.
credit
tax
1942.
four
the
post-war
of
$25
par
old $100
par
stock.
contracts
and
is
for
1944
glncludes
is
and
shares
*$9.34
fOn 779,840
war
on
refund
for
contracts
liBefore
of
—$124,327
*$9.13
outstanding.
common
1943,
share
price adjustments
1„932,009
$414,725
•
t$1.89
193,752 old shares
675,237
1,355,380
$292,434
per
shares
650,342
1^357,364
Surplus
*On
118,300,000
credit
after
refund
tax
fiscal
of
deduct¬
and
year
provision
for
deducting
were
{Includes
after
$115,000
price
$370,000
adjust¬
post-war
$65,000.
Renegotiation
Renegotiation
has
not
the
year
It
is
been
ended
believed
material
the
on
of
contracts
war
completed,
Oct.
that
effect
and
31,
the
on
net
ir.
Assets—Cash
of
$14,985,289;
banks
Sheet,
on
contracts
reported
Oct.
at
Oct.
31,
31,
1943,
contracts
to
for
renegotiation.
will
for
31,
Oct.
war
subject
pot
1943
have
any
1944,
or
or
1944.
1944
ana
on
hand, $11,815,360; U. S. Treasury
(maturing not later than Sept. 1, 1945),
Canada
bonds
(maturing not later than
indebtedness
Dominion
war
position
Balance
certificates
of
ended
year
income
likewise
income
financial
the
net
is
renegotiation
company's
for
the
1944,
of
Mar.
1, 1948), $450,450; notes and accounts receivable (after reserve
$500,000),
$4,944,287;
inventories
(after
reserve
of
$3,000,000),
$18,456,902; post-war excess profits tax refund bonds and credits
of
(estimated), $1,350,000; miscellaneous assets, $13,291; common stock
(3,776 shares held for sale to employees), $33,957; land, buildings,
plant and equipment
(after
reserve
for
depreciation, amortization,
and
accruing
renewals
of
devices,
362;
etc., $1,044,423;
total, $65,795,722.
$13,759,162), $12,494,401; patents, designs,
deferred charges to future operations, $207,-
share
accident
with
the
acquisition
of
the
shares
capital of the company was increased during
shares
preference
and
15,731
of
the
the
Canadian
by 54,997
year
199;
ments
refund
shares.
common
1944
1942
1943
1941
$5,019,926
$3,339,322
$2,610,389
114,273
49,466
53,441
55,266
$3,388,788
$2,663,829
$1,845,337
99,574
106,797
124,083
156,821
Provision
for
Prov.
Dominion
for
&
537,493
deprec.—
538,947
541,536
*1,886,000
1,194,000
491,805
in¬
*3,168,600
626,000
"
interests
Minority
Net
profit
Divs. on preference shs.
,$1,271,285
625,788
refundable portion of
$334,500 in 1943.
and
43,932
$864,267
571,482
hand
on
tax
$570,570
of
490,284
$641,050
in
containers
and
Sheet,
Oct. 31,
banks, $1,133,471;
value
not
in
1944
040,
of
replacement
$4,226,391; prepaid expenses, $73,341; refundable portion of ex¬
cess profits tax, $1,131,723;
deferred charges, $366,233; land, building,
plant equipment (after reserves for depreciation of $4,474,228), $8,777,626; sundry properties and investments including interest in affil¬
and
subsidiary
of
stock
erence
the
Gibbs
tributor
in
the
Board,
states;
A,
Co.
M.
of
Milwaukee,
This
Castle
new
&
Co.
which
is
acquisition
and
should
the
largest steel dis¬
will
be
operated
to be
prove
a
as
a
valuable
asset.
Income Account for Calendar Years
from
Excess
operations
in
prov.
$2,217,494
34,854
prior
37,279
Total
War
47,796
for
years
income
100,000
$2,254,773
63,403
$1,782,118
62,326
135,041
42,750
100,000
3~0~5~673
$2,835,051
i
of
$1,634,323
______
Depreciation
Renegotiation
1942
1943
$2,800,197
income
doubtful receivables
orders
war
contingencies
55,728
75,000
Federal
income
taxes
•Excess
profits
tax
Net
profit
Dividends
Earnings
taxes
Steel
Wisconsin.
subsidiary of
1943, $883,915; total, $22,818,075.
profits
excess
of
assessment with respect to 1943 sales totaled $115,has been paid, but is subject to final approval
290,000
298,960
1,671,417
1,247,469
762,890
$601,267
$602,191
$557,827
360,000
360,000
384,000
$2.51
$2.51
company
accrued
liabilities, $1,485,133; in¬
payments thereon, $2,140,202; notes payable (secured), $1,657,007;
sundry secured accounts,
$142,286;
debentures—secured by first mortgage, $4,800,000; inven¬
tory reserve, $404,596; $3.40 cumulative sinking fund convertible pref¬
and
Chairman
amount
by the Washington office of the Ordnance Department. In our opinion,
the reserve for renegotiation for the year 1944 is adequate.
Effective Jan. 1, 1945, we purchased for cash all of the
capital stock
payable and
Liabilities—Accounts
come
Simpson,
which
Miscellaneous
investments mainly
the brewing indus¬
excess
profits ,tax
1944
cost,
company
excess
1944
estimated
at
B.
Net renegotiation
try, $4,757,360; accounts and bills receivable (less reserve for doubtful
accounts), $422,541; stocks of beer and supplies valued on the basis of
cost
post-war
(A. M.) Castle & Co.—Annual Report—
W.
Profit
in
and
profits
excess
Consolidated Balance
Assets—Cash
32,878
$777,564
522,196
"
v
for
reserve
$1,790,071
profs.
excess
$100,000;
(per contra), $1,350,000; 7% cumulative preferred stock
$9,290,000; common stock ($25 par), $19,496,000; capital
surplus, $3,196,751; earned surplus, $9,999,886; total, $65,795,722.—
V. 159, p. 2299.
Consolidated Income Ac.count, Years Ended Oct. 31
income
liability,
credit
$100),
(par
accrued
(229,997
shares,
nonpar), $6,406,384; common shares
(•750,000 shares, no par), $1,308,306; capital surplus, $1,737,065; dis¬
tributable surplus, $2,737,097; total, $22,818,075.—V.
161; p. 876.
the
for
year
paid
share
per
•After deducting
less
post-war credit
.
$2.32
.
.Balance Sheet, Dec. 31
Assets-
1944
Cash
U.
S.
1943
$1,209,366
securities, at cost
with life insurance companies
Deposits
$634,204
1,250,000
Govt,
Canadian Celanese Ltd.-i-Extra
directors
per
share
the
common
of
and
stock,
12.
declared
quarterly
Like
both
amounts
Cash
Distribution, Etc.—
extra
an
dividend
value,
par
of
dividend
payable
March
paid in
were
cents
25
of
25
share
per
31
to
Cash
cents
on
holders
31
of 57
1,955,344
deposits
dividend of $1.75 per share and
per share have been declared
holders
of
share
preferred
record
paid
on
which compares
paid in 1943.—V. 160,
with
a
per
year,
p.
stock,,
March
was
par
12.
the
A
partici¬
a
the
on
7%
$100,
both
payable
participating dividend
senior
issue
participating
on
March
distribution
of
31,
94
value
A
special
the
of
earned
initially
a
insurance
profits
301,912
taxes
336,473
meeting
of
the
shareholders
has been
called
for
Feb.
26
of ratifying the issuance of not exceeding $1,000,000
debentures or other securities.
The directors propose to
issue $600,000 of these securities.
to
shareholders
outlining
the
-
287,486
200,156
12,847
at
1,029,184
$6,694,629
$761,200
cost
19,368
1,031,276
$7,215,528
payable
for Fed.
{Prov.
Provision for
Provision
and
income
accrued
and
liabilities
exc.
profits
renegotiation of war orders
for
war
stock
taxes.
,
$573,320
225,000
228,248
120,000
contingencies—,.
(par
Paid-in
purpose
letter
life
$10)_
2,400,000
surplus
surplus
100,000
75,000
2,400,000
199,397
199,397
3,434,931
3,193,664
$7,215,528
:
$6,694,629
Financing—
bonds,
In
of
excess
Liabilities—
Accounts
Earned
for
of
refund
Prepaid expenses
tPlant and equipment,
Capital
2179. V'?;
accounts
$2 933*
11400,000
—
surrender
Post-war
100,875
1,060,254
1,407,758
each quarter during
cents
participating
to
cents
-
Total
quarterly
regular
cumulative
53
no
27
1943.
pating dividend
March
Feb.
the usual
and
March
record
1944
on
•Receivables
990,189
1,683,465
Canadian Converters Co., Ltd.—Plans
794*
12,787,554
f9.135.000
915,000
prof.
tax
Liabilities—Accounts payable, $3,308,469; accrued liabilities, $1,821,reserve for Federal and other taxes on income and price adjust¬
on war contracts,
$12,282,818; reserve for post-war adjustments,
$1,000,000; reserve for contingencies, $3,950,000; reserve for industrial
by-products of the breweries.
connection
In
Dec. 30, 1944,
exchange
10,300,467
600,000
excess
profits
to
profit
Earn,
1942
v
$9,676,718
14,828,045
$2,137,554
&
Canadian
excess
Preferred
1943
$14,415,580
12,790,334
brewing companies the purchase of shares of Brewing Corp. of Amer¬
ica and the financing of the Victory Mills project, the outstanding
seeds and
cents
and
$5,453,000
$12,414,759
income
State
$200,000.
and
1944
$5,445,000
Profit before taxes—
Walker-
Ltd.,
Earnings-
Case Co.—Earnings-
after
,
further shares have
the
$5,023,000
876.
p.
esti¬
are
Report—E.
amount
current
a
as
1944
28,073,000
$3,854,000
working capital of the company stood at $5,188,477 against
in
48,879
*29,738
28,714,000
during the year of all the
Brewing
the
*95,501
Years Ended Oct. 31—
Profit
tax
the
*93,663
1945
provision for
764.
Limited—Annual
of
1942
$233,500
*47,307
_
first
called
$2,000,000 of 4V2 % serial debentures, due 1958 to
which left the outstanding debenture debt at $4,800,000,
retirement
carried
last
31, 1944
JiSSPStt'***!0? own capital 8tock Purchased, $3,061; accounts
ratal'J stock of
receipt of Si prfovision „for taxes' $5>864; dividends payable utfon
predecessor
capital
been
During the year the company substantially increased its interest in
capital stock of Brewing Corp. of America, Cleveland, O.
The
shares of this corporation which were owned at the end of the year
of
-at Tragwe c?stA(market value at
™ bank,
$3'288'213' cash
receivable and
have
the
The
•Net income
Divs.
investment
and British
depreciation and income
new issue will amount
to
sheet reflects the acquisition
share
1943
$105,200
earnings
Federal
legal
ended Dec. 31, 1944,
year
1944
*39,496
$32,568,000 $33,096,000
revenue
-V.
$4,002,207 at the end of the previous year.
The
1942'
$106,108
31,
liquid
proposed
$157,800
Canadian Pacific Railway Co.—Traffic
redeemed
acquisitions
the
The net
Years
1943
Oct.
the
if re¬
102
if
company's outstanding 5%
Co.,
interest,
charge on the
Breweries
1962 were sold,
after
'
Account
of
strong
of
2630.
expenses
transferred
bond
interest
acquired since Oct. 31,
quotations,
total
159, p.
as
This
Week Ended Feb. 14—
not consolidated
(less re¬
serves), $1,045,473; premium paid on purchase of shares of subsidiaries
at market
compares
and
proceeds
161, p. 876.
Traffic
at
Taylor, Chairman, states.
iated
Bulock Fund, Ltd.—Annual
condition
$785,517.
the
1945
additional
excess
profits tax as preliminary
profits tax liability.—V. 160, p. 1964.
present 1,200,000.
The new shares, directors
will be delivered March 15 to stockholders of record March 8
decided,
V,
Feb.
on
and
Net
-V.
and also the outstanding first mort¬
for the
before
•After
1,904,406
Burlington Mills Corp.—Stock Split-Up Approved—
The
101
at
consisting of shares of other companies engaged in
common
thereafter
in
Federal
excess
Flood states.—V.
of
by
revenues
Operating
amended.
as
Elevator
company
$3,600,000
Canadian
Electricity (000 Omitted)
(kwh.)__
allowance
Gross
Coupon
$5,134,198
$3,244,190 $11,421,339 $10,971,801
44,958
209,899
179,119
unprecedented
an
Canadian National Ry.—Earnings-
as
come
—___
capital
augmented
Month of January—
Common
840,000
______
$2,739,374
working
further
_
to
___
be
January-—
15
the first year which amount will decrease each year by
the serial bonds mature. Earnings of the company since
incorporation in 1913 were sufficient in every year before interest
charges, depreciation and income taxes to service the interest charges
$297,500
$14,000
Other
Non-operating income—
income
excepted).
Montreal, trustee.
these bonds will be a
refund
to
Kingston
Interest
Gross
March
1955,
registered
companies
*6,775,000
300,000
Income deductions
(March
Co.,
counsel,
9,699,282
charges
Operating income
March
15,
Companies Act, 1932,
Proceeds
6,015,300
4,424,791
(est.)_
due
of
mortgage bonds due Jan. 2,
4,350,277
in Fed.
tax
surplus
7,647,598
2,718,233
Taxes
959,637
1,549,385
2,506,021
Depreciation
Territory
before
or
March
Montreal
opinion
Toronto
$14,851,409 $14,166,807 $56,700,757 $52,205,009
549,645
968,407
2,807,109
4,188,098
revenues—.
on
before
or
sidiary,
Brooklyn Edison Co., Inc.—Income Statement—
Sales
on
before
or
on
$400,000.
In
of
Net
(Yukon
interest
maturity, in each case with accrued interest to date of re¬
demption.
Purchasable by the company from time to time, whether
or
not in order of maturity.
On March 15, 1956, there will be pro¬
vided for the 12-year 3'/2% bonds a sinking fund payment amounting
are
Total
be
at any branch of the
and Bixel Brewing & Malting Co., Ltd., which pur¬
chases have considerably added to the company's productive capacity
and to the stability of the industry in Ontario.
To finance in part
5,756,822
revenues
Operating
Principal and
money of Canada
ville Brewery, Ltd.,
RR.—January Earnings—
will
take
To
from railway
$151,600
Net from railway..*52,696
Net ry. oper. income—.
*102,480
•Deficit.—V. 161, p. 564.
to
The balance
Taxes
redeemed
if redeemed
prior
outstanding
Boston & Maine
the period immediately
in
there
in excellent financial
net
a
will
ing
shares
common
if
104
at
deemed
equivalent to $18.62 a Share on 746,567 common shares, against $11,768,462
1945.
in denominations of $500, $1,000 and authorized multiples there¬
registerable as to principal only. Redeemable in part in order of
maturity or in whole at option of company at any time on 30 days'
reports as of Jan. 31, 1945, net assets of $13,900,965,
The company
.
15,
and serial maturities on the new issue.—V. 161. p.
Boston Fund, Inc.—Asset Value—
Flood,
Gross
bonds
redemption.
Earnings of the
outstanding
the company made an offer to
cember
Bonds Offered—The
—
for
Blue Ribbon Corp., Ltd.—Reduces Capitalization—
reduces
March
8ept. 15) payable in lawful
company's bankers in Canada
gage
Redemption
dated
are
and
for
Calif.
Mr.
hostilities
Canadian National Lines in New England—Earnings—
recently placed privately with Canadian banks
an issue of
$4,000,000 1st mortgage 3Vz% serial bonds,
series A, due $400,000 annually March 15, 1946 to March
15, 1955, both inclusive. In addition an issue of $4,500,000 12-year 3J/2% bonds series A, due March 15, 1957 was*
publicly offered in the Canadian market at 99 and inter¬
est to yield 3.60% by Wood Gundy Corp., Ltd. and Nesbitt, Thomson & Co., Ltd.
field
Springs, Taft and Ventura,
is
company
bond issue, Mr.
«
company
103
(Calif.) dispatch, has
San Francisco
states
of
company's products.
Payments of 20 cents per share were made in each quarter during 1944.
—V.
notice
Co.—Acquisitions—
according to a
company,
opinion,
cessation
the
showed
position
of,
acquired all stock of Petroleum Equipment Co. and Petroleum Equip¬
ment
International, both
California corporations.
Operations will
continue under these names.
The Bethlehem company plans to expand
the
for
advantage of this op¬
portunity, it was deemed wise to provide the company with additional
working capital which can be obtained at low rates of interest, s.
1944,
dividend of 10 cents per share has been declared on the $5 par
value common stock, payable March 19 to holders of record March 5.
A
Carson Flood, President, states that demands for the
continues at a high level, that production is lim¬
shortage of labor and raw materials, which conditions,
gradually correcting themselves.
board's
demand
Dividend— *
Bonds
563.
p.
Steel
Bethlehem
This
the New
of
Listing
on
the listing of 30,000 additional shares
approved
are
the
following
a
Additional Stock Listed—
only by
In
will be offered at $16.50 a share by Paul H. Davis & Co.
The shares
H.
company's products
by Oliver M. Burton, Chairman.
„
corporation has filed a registration statement with the SEC,
said, "and subject to that statement becoming effective,
voted on Feb. 20 to offer the 30,000 shares
"The
Mr.
financing,
Burton-Dixie Corp., Chicago—Registers Stock—
Hedges—Stock Increased—Rights—
Benson &
Joseph F. Cullman Jr., Pres., announces that at a special meeting of
stockholders
held on Feb. 20 approval was given to the proposal
Monday, March 5, 1945
purpose
of
the
proposed
Total
•After
of $120,000 in both years.
tAfter reserves for de¬
$902,085; 1943, $846,216.
{After U. S. Treasury tax
$2,000,000; 1943, $1,500,000.
ilFor purchase of capital
reserves
preciation—1944,
notes—1944,
stock
of
Gibbs
Steel
Co.—V.
161, p. 667.
•
Volume
Central
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
161
Electric
Co.—Acquisition Approved—
Gas
&
See Continental Gas & Electric Co.—V. 160, p.
2291.
of
$2,545,568; reserve for inventories and contingencies,
deferred income, $1,326; capital and surplus, $8,462,188;
$12,803,020.—V. 161, p. 204.
;
'
total,
-t
of Common Dividends—
Ernest
R.
Acker,
stockholders,
the
"On
President,
said
basis
in
23,
21.48%
present information,
common
of common dividends
paid during 1S44 appear to be nohtaxable for Federal income tax pur¬
poses.
This determination has been reached under the provisions of
Section 115 of the Internal Revenue Code pursuant to which portions
be considered distributions out of capital, t
the company as carried on its books of account has
continuously been more than sufficient to cover current dividend pay¬
ments.
Such surplus at Dec. 31, 1944, was $1,372,868.
of
dividends
paid
may
"The surplus of
and subject to review by the-United
'
who received dividends on
common stock in
any of the years 1940 through 1943, we report that
the Treasury Department has not informed us of any final determi¬
nation with respect to the nontaxable percentage of dividends paid in
those- years.
Several instances have been reported to us, in which
the Treasury Department has approved refunds to stockholders for
the year 1940 on the basis of 11 cents per share being nontaxable.
The company has no knowledge of any refunds having been approved
for the years 1941 through 1943; and, since the company has certain
unsettled issues with the Treasury Department relating to those years,
an
early determination as to the nontaxable percentage of dividends
in those years does not seem probable."—V. 159, p. 1443.
"The
\.
Calendar Years—
Net
after
V v":
,
;
'
loss
provision for excess profits tax.
from
Net
the
information
stockholders
of
(Including
$2.84
Calendar Years—
Local
$0.10
.
Month of January—
income
Federal income
Other
and
railway
t$60,950
$0.56
operating
.excess
Total
Net
income—..
—
—
1945
:
Sinking funds and other
,
revenue
Deprec.
___
549,160
amortization
Operating
128,500
expenses
&
Provision
for
426,361
386,852
3,574,511
3,299,888
$192,713
53,040
$186,295
$2,052,372
636,198
$2,093,013
taxes
Broadway,
bids for
loan
deductions
other
&
Net. income
53,077
,
1,033,879
2,515,962
.2,051,167
$133,218
$1,416,174
the
April
$2,285,125
$0.27
$0.30
stock—
41,800
501,607
501,606
.$97,878
$914,567,
$91,418
-
$942,468
-V. 161, p. 667.
from
ry.
J.,
.
delphia
turned
Riper,
down
Attorney
an
p.
from
Net
from
distribution
with
the
SEC
nancing
subsidiary,
year
Provision
a
declaration
covering
the
Under
underwriters
resale
to
the
merger
of
merger
R. W. Jackson, President, stated that
a
that the number of directors of
notified
were
Balance
'
assets
152,702
1
.
673,265
assets
Total
Due
61,000
payable
the
Federal
Vh%
state
&
415,405
Sheet, Jan. 31,
1945
(
$142 487; post-war
refund and other assets,
income
but
not
due
1,099,711
898,339
3,953,034
■
———
payable
3,852,178
after close of year.
^
—
72,756
398,931
513,767
513,767
10,912
5,596
16,533,236
—____
reserve
18,198,502
19,635
17,253
4,446,058
4,136,920
;—___—$59,725,901 $57,582,545
159,
837.
p.
Service
company
addition
Co.—To
to
of
19
permitted
any
Increase
filed
Investments in
Subs.
application
an
Del.,
rule U 3 B-15
by
the Holding
under
Com¬
;
.
Subsidiaries
v Co.
Feb.
on
to
Act.
pany
included
Arkansas
are:
Cities Service
Oil
Co.
of
Oil
Fuel
Cities
Co.,
Cities Service
Pa.,
Service Oil
Capital
—-
—
&
Fuel
Co.,
Empire
Pipeline
Co.,
Oil Co.,
Richfield
Ltd.,
Oil
Corp.,
Gas Corp., Sixty Wall Tower, Inc., Sixty Wall Street, Chese¬
brough Building Co., Texoma Natural Gas* Co., Cities Service Defense
Cities Service Refining Corp., Cities Service Transportation &
/
Oil
Corp.,
Tampico-Texas Petrol¬
and
^
Changes in Personnel—
Burl
ston
,
Sinclair Panama
Co.,
Corp.-
eum
S.
Weger
has
Watson
Treasurer
as
succeeds
Cities
been
Mr.
Vice-President,
a
Christian
G.
Christian
Controller.
as
&
Ernest
Secretary.
as
All
for many years.—V.
Service Power
-
,
elected
Erie
and
Service organization
Cities
361,000
861,589
1,433,321
1,469,954
356,549
522,308
—
debentures
1,890,000
462,932
:
fund
1,730,905
1,090,944
3,883,052
1,730,905
1,090,944
3,437,093
—•
surplus
...
—
—
surplus
Total
Gas
Natural
$13,152,548 $11,204,292
1
...
"•After deducting tak notfes amounting to $1,204,680.—V,
161, p. 459
The
the
SEC
Feb.
on
16
shall
company
extended
have
been
161, p.
John¬
H.
Chester
E.
with
108.
the
;
Light Co.- -Delay on Divest-
dispose
March
to
its
of
entire
15
1945
1944
1943
1942
railway— $19,325,826 $18,523,213 $16,206,387 $12,983,550
from railway
6,059,730
6,489,249
6,319,114
4,247,342
the
time
interests
in
within
its
which
subsidiary,
City Light & Traction Co., to Missouri Public Service Co.
The sale was authorized by the Commission on Aug. 1, 1944,
subject
its being consummated within 60 days.
The Commission has since
granted extensions of time in order to permit the purchaser to obtain
the
necessary
authorizations from
regulatory agencies
other
than
the SEC.—V. 161, p. 667.
to
Claude Neon Lights, Inc.—Extension—
The
Securities
issuance
further
of
and
Exchange Commission
order
an
extending
to
the
under
April 25,
on
Investment
1945,
from the Act, pending final decision by
p. 876.
22 announced the
Feb.
Company
the temporary
Act
of
1940
exemption of com¬
the Commission.—V. 161,
pany
■■
January—
Gross
Net
from
Clayton & Lambert Mfg. Co.—Increases Dividend—
—
income—
2,538,535'
2,940,188
3,581,014
.
3,004,388.
■
Michael L. Igoe at Chicago on Feb. 23 signed an
confirming the reorganization plan of the road.
number of details must be settled before the final consummation
Federal
Judge
directors
The
share
on
record
the
Feb.
have
declared
stock,
common
March 7, June
quarterly
a
dividend
of
of
cents
20
each
cents
25
9 .to
payable March
$4,
par
Distributions
28.
per
Jiolders of
were *
made
on
10, Sept. 9 and Dec. 8, last year.—V. 160, p. i2539.
order
A
of
the plan.
Judge Igoe has set March 12 as the date for a hearing to
question of whether the $10,400,000 RFC loan is to be
cash or in securities of the reorganized company and to
petition filed bv one bondholder group objecting the pay¬
the
in
a
of preferred dividends without court approval.
Appointment of
reorganization managers is also slated to come up for discussion at
that time.—V. 161, p. 565.
Cluett, Peabody & Co., Inc.—Earnings—
Calendar Years—
Sales
Net
Chicago Rapid Transit Co.—Orders Cars—
trustees
The
■-——
$867,076
ing
by
the
of
this
company
have contracted with the Pullmanthe St. Louis Car Co. for budd¬
Manufacturing Co. and
company of
a two-car train for elevated and subway
The Federal Court has authorized an expenditure of $400,000
each
surface.
for
Car
two
trains.—V.
155,
p.
2364.
Chicago Surface Lines—Hearing on Purchase Plan—
:
'
L. Igoe has leceived the city's pian to pur¬
properties of the Chicago Surface Lines and Chicago Rapid
which was approved by the City Council, and has. set
March 16 as a date for a hearing on objections to the plan.
The hear¬
ing date coincides svith that set for consideration of the trustee's pri-;
vate plan of reorganization; which-is now before the Illinois Commerce
Commission for aproval.—V. 161, p. 764.
Federal
chase
Judge Michael
the
Transit
Co,
1944
—
•Earnings
•On
per
677,844
common
Thomas
"In
A.
the
__••
share—
shares.—V.
160,
—
p.
725.
'•
1,941.253
$2.51
<■;/
'■
104?
$34,332,720
r
2,292,310
;
$3.03
-
•'''
Co.—Greensboro, N. C.—Changes Year—
O'Hara,
President,
in
a
letter
dated
past stockholders have been furnished
pany's
tax
J
$32,059,971
—
profit after charges and taxes
Colonial Ice
3,849,086
$952,835; total, $12,803,$20.
deposits—
with the SEC for
increase the aggregate amount of its investments in se¬
curities of, and advances to, certain of ,its subsidiaries, at its discre¬
tion, to the extent of $12,000,000.
Such investments are to be in
876,612
493,883
sinking
Capital stock
3,049,664
$375,000; other current liabilities,
and excess profits tax accrual (less U. S. tax notes
Visibilities—Uank loan (VT loan),
billing and customers'
authority
45,492
*520,225
taxes,
liabilities
current
consider
U. S. Government securities, $678,801;
accounts receivable (less reserve), $1,673,541; inventories,
other current assets, $413,137; fixed assets (less reserve of
$2 608,040; patterns and drawings, $1; deferred charges,
$30,221,600 $30,221,600
—
capital stock
on
Cities
1,291,190
1,711,804
$.454,941
843,614
—
—
Reserves
$1.61
$1.76
.J*1'!?
tAfter other income of $99,501
in 1944, and $66,992 in 1943.
{After post-war credit.
Balance
302,556
$59,725,901 $57,582,545
0
stock
accrued
The
com¬
2,116,612
—
customers
Accrued
1943
$2,777,371;
328,494
ment Granted—
loans
Other
Earnings per common share—
"After provisions for depreciation,
Assets—Cash
Taxes
$13,152,548 $11,204,292
—
—
Standard
1945, $72,491
!
Total
ment
$859,870
supplies—
1,349,338
v
904,691
—V.
Liabilities-
301,025
$781,561
13,407
4,108,000
—1,512,288
301,765
*
350,103
...
————
Chemical
Government |sequrities_._i.i.._w--....^w
S.
Other
$8,066,851
income
1,369,127
15,243
426,209
substan¬
Dec. 29, '44 Dec. 31, '43
$3,304,518
$1,708,845
_
Fixed
36,683
__——
1,473,233
5,358,000
investments—
of telephone plant—
Unappropriated surplus
Sheet
X691,963,
Receivables,
2,271,252
Inventories; __i4,681,269
Deferred charg6s .__^._j_-_i—' 377,577
vU.
116,300
reserves.;—845,000
1943
Corp.,
Assets—Cash
1942
501,440
and
C
1944
$50,715,269 $50,111,624
Empire
Mr.
$599,711
$10,684,784 $11,353,711
3,859,468
3,370,457
6,621,944
4,832,759
1944,
Cities Service Gas Co., Natural Gas Pipeline Co. of America, Penn-York
Court Confirms Reorganization Plan— v
1944
'
Contributions
$1.74
Chicago Milwaukee St Paul & Pacific RR.—Earnings—
76,788
in
to $7,885,-
,has been increased from 13 to 14.
Mr. Jackson, President of the
is being proposed for the additional director.
This will come
the annual shareholders meeting in March.
It will be recalled
Jackson was elected President of the company in December, 1944,
Net ry. oper.
365.996
of additional
including
year
outstanding fashion stores in
consider
taxes
$4 913 261)
the
having formerly been the .Merchandising Vice-President.
204.
1945
profit on sales....,———
tSelling, admin. & general expenses
{Federal inc. & excess profits taxes
and
$1.85
-
$9,081
$198,700
before
sold to redeem the
% bonds, series B,
158,609
of
{Deficit.
company,
fi-.
106,142
cash
Deferred credits
$605,758
announced
was
are
sold to reimburse the treas¬
1943 '
{$72,493
credit
•
Dividend declared,
liabilities of $4,482,416, or a ratio of 2.27.
that company retail store plans provide for domi¬
the popular price field. Stores
to be located in towns under 100,000 in population.
It
Vermont
$759,245
201,122
31—
•Gross
$3 556 807-
1
pany
$663,461
$363,630
Advance
against current
(& Subs.)—Earnings—
Chain Belt Co.
12 Months Ended Jan.
notes
—$705,594
share
$5,684,365.
nant and
repaid
in
surplus..
company's net working capital increased in
Earned
1944
1945
Gross from railway
$571,314
Net from railway—:—
"29,144
Net ry. oper. income--..
*121,676
•Deficit.—-V. 161, p. 564.
January—
$307,336
47,316
2,596,950
—__72,756
Notes sold to trustee of pension fund—______
790,995
company's expanded operations and post-war plans.
assets amounted to $11,949,003 including $4,996,481 in cash
U. S. Government securities, against current liabilities of $4,063,762, or a ratio of 2.94.
Last year current assets were $10,166,787
Central Vermont Ry .^-Earnings—
Net
$601,200
Cr81,057
76,500
$2,653,346
42,920
2,387,506
Liabilities—
part of this increase was provided by the sale of $2,000,000 3Va%
due serially to Jan. 15, 1959, which was in contemplation
an
1966, at 105 and int.—V. 161, p.
$2,457,286
38,587
2,055,069
45,584
Deferred charges
1,500,198
898,998
from
,
Approp.
,
$2,357,933
2,055,069
receivable
Material
84,864
of
for capital expenditures.
The bonds would be
entire $6,976,000 of outstanding first mortgage 3 V2
$2,407,989
___
stock
——
Accounts
Current
Central Vermont would issue and sell to
public 40.000 shares (no par) common
series D, due Feb. 1, 1975,
Central Vermont said the stock would be
State
earned
to
Serial
ury
in
,
20,264
117,835
fix.
plant and other investments..
Temporary
and
-
int.
due
2,054,978
1,413,734
_
profits tax
46,042
118,947
Working funds—_____
of
Vermont Utilities/into Central Vermont would be in
order issued by the Commission on Dec. 29. 1944.
Under the merger Central Vermont would
assume liability upon the
$138,000 of first mortgage bonds, due in 1967, of Vermont Utilities,
all of which are proposed to be redeemed at the call price of 106 and
The
compliance with
$2,750,917
34,062
117,574 1
debentures
the
and
$2,430,838
520,052
Comparative Consolidated Balance Sheet, Dec. 31
182,392
,
tial
has filed
transactions involving a
and
$2,540,798
: 108,832
Cash
for year
—.i,.
$641,244
adjustments.-—Cr93,850
for contingencies__.__._p_i—29,500
Earnings per
$6,967,000 first mortgage bonds,
bear interest at not more than 3%.
stock
to
-
plan
proposed
for
two
Vermont
Central
of
program
Utilities into its parent.
$2,469,859
1,147,990
»
—_
Depreciation
Accounts
Inc.,
1,045,891
•After
deducting excess profits tax
$180,800 in 1943 and $112,700 in 1942.
1942
$501,850
Net profit
Prior
Bank
Vermont Utilities,
1,061,311
Accounts payable and other current liabilities..
Financing to Merge Subsidiaryand its
for
common
2,083,308
1943
$518,357
.
Operating profits'
New
Central Vermont Public Service Corp.—Proposes
on
Common
Utilities Co. in Dalhart;
All water properties of Public Service Co. of Oklahoma;
All natural gas properties of Public Service Co. of Oklahoma
save
those used to provide fuel for electric generating pur¬
poses;
'
The water properties.of Southwestern Gas & Electric Co.;
Gas & Electric Co.
The SEC provided, however,
that with respect to Peoples Ice Co.
and the ice properties of Southwestern Gas & Electric, the order shall
become effective on the 30th day following the date of the order.
In
ruling on retainable properties, the Commission said:
"Central Power's Pleasanton (Tex.) properties may be retained as
a part of its integrated system and its ice
business retained in all but
the "Big Bend."—V. 161, p. 308.
avail
deductions
Premium
properties of West Texas Utilities Co.;
Peoples Ice Co., and
ice properties of Southwestern
1,089,800
1,354,100
46,962
charges
Dec. 29,'44 Dec;31,'43
The ice properties of West Texas
Corporation
1944
$529,066
*
Shareholders
The
$5,856,449
1,350,000
*1,014,300
$5,484,850
*1,627,200
1,099,900
operating income
Sales —: $42,223,447' $36,494,008
.
All
$6,611,898
Income balance
241
(3)
$6,712,159
deducs.^ from inc.
Income
ex¬
Chicago Mail Order Co. (&. Subs.)—Annual Report—
Co.—Retention of Four
(4)
(7)
1945
$540,931
excess
966,330
Assets—
railway
and
1,112,987
taxes
Total
^
(9)
3,233,698
83,495
retain four
system, the
(2) West Vernon Sewer Co.;
(8)
to
interest
220,824
.
(61
2,533,651
67,948
major electric utility subsidiaries as a
SEC announced Feb. 16.
They are the
Public Service Co. of Oklahoma, Southwestern Gas & Electric Co., West
Texas Utilities Co. and Central Power & Light Co., operating in Texas,
Oklahoma, Arkansas and Louisiana.
The SEC, however, ordered that Central shall cease to own or con¬
trol, directly or indirectly, and shall dispose of^'all its direct or indi¬
rect interest in
V'.
V '
(1) The water properties of Central Power & Light Co., and all
non-utility operations in the Big Bend District;
;
(5)
and
151,093
Subsidiaries—
water
sufficient
101 y2
70,681
The
may
amount
exceed
174,582
by the State of New Jersey to
Fake.—V. 161, p. 667.
Central & South West Utilities
integrated
an
to
receive
26
sinking fund gold
railway....—
Income
32,510
1,234,522
1,354,100
*1,788,300
taxes.—_
profits taxes.
local and social
Misc.
161, p. 565.
Balance
Company
March
on
Net ry. oper. income—
—V.
588,892
37,740
*
1,268,580
609,249
43,619
1,416,848
exps—
operating revs—
Interest
3,699,712
income—
564.
January—
Gross
application
stay the proceedings before Judge
single
to
,
General of New Jersey, had sought
dismissal of the
road's suit on the ground that the State was im¬
mune
from suit in U. S. District Court without the State's consent.
Judge Fake's ruling has upheld a recommendation by Special Master
Augustus C. Studer, Jr., that the railroad's action should not be dis¬
missed.
On Feb. 9 the U. S. 3rd Circuit Court of Appeals at Phila¬
Van
D.
oper.
161.
1,364,840
643,096
Other income
70
1523.
p.
1,463,609
35,518
misc.
income
Net
trustee,
railway
'Year Ended;
and Appeals.
Walter
p.m.
fund
Chicago & Illinois Midland Ry.-—Earnings—
Fake ruled Feb. 23 in United States District Court
that the Federal Court has jurisdiction to deter¬
mine, without the consent of the State of New Jersey, the amount
of taxes owed the State by the Central.
The road's trustees petitioned the court last August to uphold the
New Jersey railroad tax compromise acts of 1941 and 1942 in so far
as
they applied to the Central, although the acts had been declared
unconstitutional by the State's highest tribunal, the Court of Errors
L.
N.
1923,
2
25-year 6%
at prices not
160,
523,940
712,696
exc.
Total
Suit Against State—
Newark,
until
sinking
1945 '
1944
1943
1942
$21,313,959 $19,497,576 $15,108,175 $10,977,977
railway—.—
10,148,699
8,811,667
6,606,092
3,683,144
from
Net
—V.
Judge Guy
Co.,
Wins Point in Tax
Central RR. Co. of New Jersey
and
Fed.
January—
Net
Balance
1945.—V.
Trust
will
1,
426,480
1,703,520
rents
Fed.
Chicago Burlington & Quincy RR.—Earnings—
Gross
at
1,
Oct.
$25,387,
1941
1,218,045
501,570
$14,614,494 $13,830,793 $12,668,823 $11,918,380
2,262,828
2,096,533
1,997,403
1,968,548
1,770,925
1,737,515
1,690,154
1,628,669
expenses
State,
first mortgage
of
dated
of
sum
it
to
1942
1,387,910
43,020
$2,010,127
Gen.
Divs.
$1,444,075
41,800
f
the sale
1943
2,035,029
revenues.
Operating
2,328,145
41,040
&
Y.,
N.
revenues
Commercial expenses—
1,017,436
2,809,746
648,938
_
$3 39,678
—
___
stock
pfd.
on
■
to
York,
New
certificates,
haust
income
Gross
Bank
Hanover
Central
1944
2,506,317
335,430
maintenance..
Traffic
Chesebrough Building Co.—Tenders Sought—v
The
Co.—Earnings
Co.)
$11,775,957 $11,371,701 $10,759,374 $10,203,866
Depreciation expenses—
security
$1,162,734 $12,506,459 $11,679,128
461,087
5,337,576 * 4,749,728
1,536,500
1,542,000
128,500
$1,296,739
■
Telephone
oper.
Current
1943
and loss—-—
to profit
402,231
oper.
Net
transferable
Balance
670,469
407,281
$14,617,704 $13,833,210 $12,671,225 $11,923,481
revenues.
3,210
2,417
2,402
5,101
Total
of income...
approp.
Earnings per share on common
—V. 161, p. 564.
1,397,448
341,988
——_—_—„
Uncoil,
_j $16,792,807 $17,500,422
profits taxes.—___
2,039,846
3,422,780
——
1Q49
$1,963,189
Nil
X
income
1943
$2,944,872
Citizens
,
revenues.
Miscellaneous
$11,705
-
{Profit.—V. 160, p. 2539.
-
taxes——:
Net
1945—12 Mos.—1944
1945—Month—1944
Period End. Jan. 31—
Gross
:
service
Toll service revenues—
31
Central Illinois Light Co.—Earnings—
Divs.
oper, income.r.
161, p. 565.
"
1944
$2,850,264
891,076
$3,023,432
1,043,016
381,840
railway——
Cincinnati & Suburban Bell Telephone
10,136
$11,330
108,361
Chesapeake & Ohio Ry. Co.—January Earnings—
Gross
1945
railway—__
ry.
—V.
Treasury
"For
Int.
from
Net
———————
11
$65,374
____
share—_
per
Gross
■'
$21,466
$308,393
108,361
Nil
——
Earnings
..
1942
'
228,942
•
outstanding....'
108,361
share___—
$1.20
Earnings for Quarter Ended Dec.
per
-v-v;-
•No
111
1
$130,369
shares
Earnings
Net
1
'
1943
$537,335
93,441
______
profit
Common
;
$223,810
0
Net
,
(& Subs.)—Earns.
1944
:
expenses....
tax
•Income
computation is tentative
Department.
States
.,V
.
.
;
the
to
letter
a
in ' part:
of
•
Checker Cab Manufacturing Corp.
-
Feb.
January—
.
Corp.—Non-Taxability
Central Hudson Gas & Electric
Cincinnati New Orleans & Texas Pacific Ry.—Earns.-
$5,820,260),
$1,418,939;
Feb.
20,
said:
reports of-this com¬
operations for each calendar year.
Because
rates, Federal Income and excess profits taxes
of increases in
have become a
comoany has used
substantial
part of this company's expense.
The
the fiscal year ended May 31 for tax purposes, with the result that
earnings figures for that particular 12 months' period are the only
ones accurately reflecting income tax expense.
|
"Under these circumstances the board of directors has changed the
fiscal year for audit and annual report purposes to one ending May 31,
to coincide with the income tax fiscal year.
It has also. taken the
related step of changing the annual meeting date from the second
Thursday in April to the third Thursdav in September., (Therefore,
stockholders
but
will
will
instead
not receive financial statements, as
receive
a
report
as
of
Mav
31.
of Dec*
1945,
auditing of the company's books as of that date."—V.
31,. 1944,
following'the
160, p. 2644.
j
982
THE COMMERCIAL & FINANCIAL CHRONICLE
Colorado Fuel & Iron Co.—To Retire 5%
Proceeds
of
Sales
Bonds from
Per, End. Dec. 31
Loan—
Bank
of
the
April
1,
1970,
and
par
Bank
have
interest.
of
York
outstanding 5% income
been called for redemption
the
N.
Payment
of
City
will
be
at
made
York, corporate trustee,
New
(kwh.)
<cu.
11 Broad St.„ New
Y.
amount
The
of
New
York; Bank of America,
Marine
8,658.554,847
9,038,101*077
40,360,298,300
Co.
Trust
Federal
in
been
4,798,084,000
income
for
made
indicate
tax
Federal
no
15,938,723,000
due
to
excess
profits
excess
Income
group
a
surplus
profits
tax
Steam customers at Dec.
Consolidated
14,873,145,000
items.
tax
Buffalo; the New York Trust Co.; First Na¬
tional
Bank
of
Denver; the Denver National
Bank; Colorado Na¬
tional Bank; and the First National Bank of Pueblo.—V. 161, p. 765.
of
Sales
161,
oper.
oper.
Steam
Income
—
January—
Gross
from
Net
from
Net
ry.
—V.
$1,212,691
—
176,379
1943
$38,984,199
11,552,300
10,502,929
9,662,672
1,089,184
1,018,940
917,528
777,959-
$51,555,439
revs.
revs
122,290,488
8,775,030
8.763,194
34,599,519
421,285
5,860,343
2,610,117
41,427.255- 43,436,381
164,048,538
74,431,504
5,526,358
4,313,046
4,607,959
7)540.963
7,605,458
8.805,847
7,184,912
$8,714,669
$8,847,380
$9,505,030
$8,791,732
656,968
635,181
786,754
463,548
$9,371,637
158,106,932
72,572,579
5,941,468
33,206,327
1,790,353
gas„——
Colorado
Net
from
from
Net ry.
&
Wyoming
1942
$
$154,825
$161,719
—
Taxes
Operating
income.
23,149
!
18,950,000
25,642,101
5.600,000
5,500,000
inc.
taxes
Int.
Columbus & Greenville Ry.—Earningsfrom
1943
1942
$126,080
26,519
$131,669
31,768
10,975
12,736
$112,977
20,676
9,659
railway
45,921
21,182
income
565,
Commercial Credit Co.
volume
Net
sales
of
Earnings
premiums
income
net
available
for
per
Preferred
15,303,384
Common
10,414,964
39,699,506
9,520,811
10,546,240
81,350
567,494
consolidated
"The
$
and
surtax.—V.
operations--—
share
(CU.
cumul,
preferred
6,357,340
$2.79
indicate
$3.17
•
The
Week Ended—
kwh.
J
—
202,890,000
17
Feb.
T
194,941,000
202,468,000
207,307,000
Federal
excess
share
record
the
on
March
20 declared
a
stock, par $1, payable
Distributions of five cents
14.
5.3
April
each
2
Commonwealth &
Southern
Corp.
$
Gross revenue
Operating
Prov.
to
holders
made
were
of
for
1,987,217
taxes,—
Divs.
pfd.
stock
subsidiaries
Other
The
000
Under
able
79,232,779
kilowatt
corporation
«n
has
the
for
207,600,000
:
Bank
&
solidated
928,214
10,983,123
11,673,319
2,096,968.
98,092
1,364,992
1,184,337
11,523,446
the
sale
due
to
Feb.
it
of
1,
hour
output
to
of
show
electric
general
week ended Feb.
22,
the
"Net
on
231
Feb.
20,
15-year first mort¬
1950,
to
up
the
preferred stock
l>y the board of directors on Feb. 20,
per
share
bonds
were
assumed
declared
liquidation.
from
the
The
within
sale
subsidiaries.—V.
of
the
2 % %
premium
Gales
gas
Total
•_
4,628.196
revenues—714,164
oper.
Operating
revenues.
expenses
Maintenance
1—_
(& Subs.)
27,749,494
7,507,385
34,009.704
14,133,943
'f"*?8—'
17,209,906
48.693.062
161,
At
■
■
—
2,100 000
"
-
at
in 1932.
the
last
are
three
inc.
—
11,412,619 -13.398,677
(net)—
28,853
Dr97,285
48,058,612
60,417
would
call
of
years
24
the
107
of Cuba
(& Subs.)—Earns.—
1944
Railroads
oh
Other
-
___
long-term
of
int.,
debt disc,
amort,
and
48,119,029
Cuba
$1,191,351
(Parent
$1,581,278
Company
16,471,764
exp.
189,963
1,217.336
1
&
chgd,
Min. iht.
to
187,835
construct.
$638,000
year
accrued
to
classified
writing
off
retired.
1943
$3,597
Dividends
on
Dividends
on
25,246
55,209
cost"
principal
amount
amount
series
bonds
O
as
of
Dec.
31,
directions
30,374,720
30,357 683
Federal
company
Power
series
cumul.
common
10,907 825
10 912 575
18]353]643
redeemed
were
by
amounts
in
has
of
also
the matter
but
the
the
a
third
report
common
has
not
item
as
relating
property
to
is
"original
utility property with,
been
informed
of
any
1,113.252
$1.70
security
interest
1,
to
holders.
payment
Nov.
l,
interest
pay
of
$105
per
and
1942,
in
Nov,
of
excess
3%
$1,000
1,
bond.
1944,
No
.
..
time
it
no
interest
1944, period because of expenses for replace¬
announced
was
accumulation
an
of
will
company
;
■
$394,405
of
bonds,
have
out¬
1945—Month—1944
1945—12 Mos.—1944
$5,767,807
$5,385,001
2,342,579
1,970,761
27,801,973
566,804
822,090
9,066,049
7,082,277
1,722,186
—
deprec.
1,441,535
8,324,870
16,149,510
$57,032,597 $57,961,347
22,189,248
and
taxes
income
$1,136,238
$1,150,614 $11,839,704 $12,540,312
398,177
4,761,179
4,710,463
354,717
ot^jer deducts^
income
.
pfd.
161,
$781,521
.
stock
$752,437
$7,078,525
285,389
3,424,819
3,424,818
$467,048
$3,653,706
84,405,032
285,389
$7,829,849
•
$496,133
108.
p.
Continental-Diamond
The
directors
the
on
capital
3.
and June
Kilowatthours Sold:
Commercial
way
street and
lighting)
Industrial
;
(incl.
1943
281,679,398
,
(incl.
269,211,557
4.6
350,763,677
4.6
and
2,011,848,514
_
customers at Dec.
Gas
1,959,284,415
2.7
2,579,259,649
3.1
333,373
329,296
31—
Sales
Cubic Feet Sold:
Commercial
and
1.2 %
Customers
1944
——
(incl,
street
lighting)
1943
10,519,624,400 10,316,360,200
%
Inc.*
2.0
2,506,473,800
2,396,237,400
4.6
4,325,154,600
Industrial
1
at Dec. 31—.
were
dividend
March
of
13
follows:
as
10
to
cents
share
per
holders
March
of
*13,
record
20
cents,
12, Sept, 11 and Dec. 18, 10 cents each.—V. 160, p. 2400.
compared
$9,494,254
in
for
in
1943.
1944
Consolidated
income
and
ventory
price
$2.12
share
with
a
1943
net
also
net
a
sales
and
record
new
profits
decline
on
or
taxes
other
operating
and
2,853,971
income
and
on
increase
reserve
$1.81
or
profits
increase
in
President,
of
revenues
compared
with
$174,-
with $125,613.-
$6,044,985 after provision
a
shares
common
excess
the
and
to
and
contingencies.
earnings of ,$5,169,962,
for
the
profits amounted
excess
commenting
"This
from
Total
were
1943.
a
of
They
$1,000,000
were
outstanding
common
for
for
in¬
equivalent
and
share,
after
pro¬
taxes.
the
to
compare
\
volume
of
sales,
Carle
C,
stated:
was
partly due to the expanding operations
resulting
acquisitions during 1944 and in the
preceding recent years."
added
that approximately 20%
of
the company's
1944 "output
represented by the manufacture of
special, war products.
In addi¬
a
substantial part of its
regular products is going to meet mili¬
tary, lend-lease and other Governmental
requirements.
*
"The management has under
consideration plans for the
pub'ic sale
of
150,000 shares of its authorized but
presently unissued preferred
stock (no par
which, if consummated, should produce
approximately
$15,000,000 of additional funds.
The management believes th^t
this
financing is advisable urider present favorable
conditions, and that
the additional capital so
provided will enable the companv to com¬
plete its plans for expansion and improvement of
its facilities when
conditions permit," Mr.
Conway stated.
The
company has
completed renegotiation under the War Profits
Control Act for the year ended Dec.
was
3,832,859,700
12.8
17,351,252,800 16,545,457,300
4.9
31,
The
refund
to
acquisitions
in
Gas customers
year
Company and wholly owned subsidiaries today reported for the
year
Dec. 31,
1944, the largest consolidated profits before taxes in
history of the company, the total being $15,644,985,
without
Total
Co.—10-Cent Dividend—a
payable
tion.
2,660,419,428
——
Total
$5.
ended
He
366,891,516
,
last
Fibre
declared
21
par
the
% Inc.
high¬
;
railroads
Payments
Conway, Chairman
1944
Feb.
on
stock,
Continental Can Co., Inc.—Annual Report-—
In
and Customers
1,091,465
$1.70
the Nov.
for
on
vision
by that Commission.
Electric Sales
/
Balance
Earned per common share.
&
—V.
call
authorization,
and
18 353 643
preferred slock
stock
Int.
March
O
subject to review by regulatory
plant account as "Utility Plant
Commission,
•Residential
$5
to
prior
to
expenses
for
Gross
1944,
filed
determinations of its electric and
action
64,976
8,818,005
total
a
months
revenue
Provision
1942
$3,256"
1,053,630
12,806
out
Balance
Commission's
proportionate
The
Cr231,386
7,170,053
Net income
New
—
'
Feb.
on
repairs.
Operating
Interest.
the
__
in inc. & divs.
1969,.
Consoli¬
Consumers Power Co.—Earnings—\
665
Electric
miscellaneous
Int.
1,
The
and 2%
non-cumulative
income interest bonds and
3,179,205 shares ($1 par) capital stock.
Bondholders will receive 1,611,844 shares of the
stock, or 80%, with
the
balance going to holders of the old
preferred stock.—V. 158.
p. 2043.
337,505
17,559,174
of
June
Only)
$109,028 of
its utility
$229,934 as "Capital Stock Expense" and $15,893,663
"Utility Plant Acquisition Adjustments."
The company has com¬
pletely written off the first two of the above named items and is
the
sent
available
same
1942
48,804,077
4,263,178
and
as
122|412
13,301,392
due
,
160, p. 2644,
authorities,
48 681 665
4,070,773
for
the
Adjustments,"
"
11,441,472
debt
3%
$12,000,000;
been
Prov.
1943
1944
and taxes.—V.
principal
and
Utilities)
Gross income
P
1976,
With
the delivery of
new
securities, the
standing $2,944,000 first mortgage 3% fixed
Con¬
■
Int.
series
1,
City
-
Period End. Jan. 31—
$736,864
Consolidated
Residential
Operating income
Non-oper.
$6,892,800;
being furnished
314%
first
mortgage bonds due June 15, 1968, were retired through
operation of the sinking fund.
In December, 1944, an additional
company
28.865 300
~~
due Jan.
amortization
117 075 000
—Crl,020,000
shareholders),
deposited in the sinking fund for the retirement
plus an additional $21,000 from moneys previously held.
765.
p.
Railroads
47,882,097
„—14.880,000
taxes (est.)
income
$24,448,000;
committee
letter
a
were
paid
has
concluded.
$2,716,000
19,259 473
11,479,233
1968,
Baltimore
make
refunding
76,159,942 288,158,280 274,967 145
31,516,800 112,667,408 113,203 610
6.527,174
B
preferred
to the letter, interest at the rate of 3%
per annum will
paid for the 2% years from May 1,
1942, to Nov. 1, 1944, plus
income interest at the rate of 2% for
May 1 and Nov, 1, 1943, anci
•May 1, 1944.
six
investigation of the rates charged by the company for service supplied
by it.
Formal; hearings were begun on June 6 and have not
as:-yet."
60,225,984 227,658,561 217 902,341
10,631,408
41,913,215
40,107,239
4,625,245
15,857,707
14,450,072
677,305
2,728,797
2,507,493
9,373,262
—
Adjustment.
)
73,997,698
28,618,641
Depreciation
(Fed.
10,603,537
—
steam
oper,
1,677
hel<?
series
4%
be
the
Cohn, Chairman and President, in the annual report for
Feb. 8„ stated in part .as follows:
May 23, 1944, the Maryland P. S. Commission instituted an
Pursuant
of
Other
by
stock,
23 delivered securities >of the
company in exchange for bonds of Union Rock Co. and
Consumers
&
Gravel Co.,
Inc., and preferred stock of the old
company,
will
premium pay¬
payment
$3,888
During
1944—12 Mos.—1943
held
preferred
$22,292,100;
debits.
value,
par
on
On
the
1944—3 Mos.—1943
deferred
$157,037; first refunding mortgage sinking
3'A %••, due Dec. 1, 1971, $20,844,000; series O
N
Issued—
This
Charles M.
1944,,
—Earnings—
58,051,801
4'/2%
shareholders),
S100;
reorganization
earnings
,
Gales of
The
During
$119,350.
loss
been
electricity
$100,001;
Consolidated Rock Products Co., Los
Angeles
Securities
Net
.
of
of
investments,
declared,
$1,381,311;
matured
interest,
$174,422;
taxes
$3,441,257;
interest
accrued,
$211,169;
other
current
and
liabilities, $522,283; deferred credits, $1,024,585; reserves for
Consolidated Gas Electric Light & Power Co. of Bal¬
subject, however, to an order of
SEC.
The payment is
proposed to be made 28 days after the date
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.
161,
f). 876. , '
'<
-
Gales
$4,967,998;
depreciation
and
amortization
of
utility
plant,
$35,555,668;
other
reserves,
$3,004,688; contributions in aid of construction,
$903,136;
surplus, $12,234,551; total, $199,602,110.—V. 161, p. 565.
1944,
the
Consolidated Edison Co. of New
York, Inc.
Gas
25,
Feb.
by Consolidated
remption of Southern Cities bonds
"After charges
of
Period End. Dec, 31—
supplies,
dividends
timore—Annual Report—
was
and
stock.
series
100
exceed
on
plan to retire all the $4,774,Company's series A 5%
first lien .and
1958, at principal amount plus accrued
income
"Net
Preferred Stock—
$1.25
subsid.)
general mortgage 4 Va %bonds, due
April 1, 1954, $6,100,000; indebtedness due to the
Mayor and City
Council
of
Laurel, Maryland,. $7,500:
accounts
payable,
$1,992,789;
Divs.
of
capital
on
amoflnt
an
the company's
Quarters Ended Dec. 31—
energy of subsidiaries
business conditions of
i
on
(par
bonds:
Gross
1945 amounted to 268,625,-
in
materials
$39,414,812;
series Q 2%%,
was
due
Cities
Consolidated
12,323,221
corresponding week
owned
According
trustee,
Co.,
.
their holders will not receive
the
proceeds
Earnings
adjusted
C
according to
Trust
of $23,017, at prices not to
accepted bonds ceased to accrue
Utilities
bonds,
voluntary
Funds for
23,108,348
16,420,794
Declares $1.25 per Share
on
with
sum
on
approved
Cities
additional
57,935,812
compared with 256,164,033 for
Increase of 12,461,345 or 4.86%.
dividend
National
bids
1078. 4
p.
the plan,
15,798,023
as
A
output of elec¬
week ended Feb.
Chicago, 111., until the close of business
receive
trust
upon
an
49,389,861
1,329,768
wholly
a
%
1944
(1,167,397 shares without
6,962
Co.
new
Quarters Ended Dec. 31—
weekly
this
System
announced that system output of electricity
Illinois
Southern
1,338,593
49,614
,
territory served for the
378
SEC
5,492,009
872,697
income
The
that
.
Interest
Southern
5,970,934
-
by
dated
765,
exhaust
160,
interest.
Weekly Output—
of
to
collateral
from
—
held
series
premium
of
deductions
Net
stock,
stock
shareholders),
$100;
ments
$
26,045,834
to
interest.
1,297,026
on
preliminary computations
allow¬
on
•
Interest
16,768
(par
fund
announced
28
Feb. 21
Co.,
31,
cash and working funds, $3,311,$4,772,000; special deposits, $1,606,receivable, $4,213,773; interest nncg
notes
$183,520;
$7,000,000;
cumulative income bonds
1945.—V.
of
for
2,192,655
as
tNo
liability.'
14.1%,.
161, p.
offered
6%
and
Subs.)—Earns.
92,771,418
and
receivable.
Gas
Dec.
$173,970,985;
investments,
rents
Liabilities—Common
accrued,
company on
Counties
sinking funds, $50,732; other
$337,003; total, $199,602,110.
accrued
sufficient
i
amortization
Provision
tax
items.
Consolidated Electric & Gas Co.—To Retire Bonds—
$
7,292,851
and
surplus
corresponding week of last year, a decrease of 14.5%.
of electricity
amounted to 170,900,000 kwh., com¬
199,000,000 kwh. for the corresponding week of last year,
Continental
1945,
18,526,750 207,876,695 202,791,261
8,294,599
—_
deprec.
to
profits tax
excess
Feb.
on
La Salle St.,
gage
1945—12 Mos—1944
$
19,801,855
expenses
for
(&
1945—Month—1944
due
Consolidated Cement Corp.—Tenders—
•
April 1, July 1, Oct. 2 and Dec. 21, last year.—V. 160, p. 428,
Period End. Jan. 31—
accounts,
Rock
quarterly dividend of six cents
capital
tax
the
15.3%.—V,
Commonwealth Investment Co., San Francisco, Cal.—
Dividend—
per
temporary cash
dividends
8,856,814,300 35,151,000,200 33,856,806,600
1,7
2.4
.
Maryland
Sheet,
$62,267;
other
current
and
accrued
assets,
$25,000;
investment in Safe Harbor Water Power
Corp. capital stock, $6,000,000;
5,895,152,583
(electricity generated and purchased) for the week ended Feb. 18. 1945,.
to 184,200,000 kwh., compared with 218,600,000 kwh. for
corresponding week of 1944, a decrease of 15.7%.
Local distribu¬
tion of electricity amounted to
176,100,000 kwh., compared with 208,100,000 kwh. for the corresponding week ol last year, a decrease of
6-Cent
Feb.
-12 Months—1943
5,289,184,141
Output—
The
on
1944
1,802,481,232
income
profits
The
Assets—Utility plant,
the
4.1
199,065,000
199,204,000
198,897,000
Federal
South
directors
$4.64
Balance
amounting
—V, 161, p. 876.
The
$1,219,837
$4.20
with
The
% Incr.
203,936,000
——
—
3
$696,740
$4.34
distribution
decrease
a
1944
in
for
no
for
pared
Output—
1945
10_—2_—
1944—3 Months—1943
company
Local
showed a 4.1%
increase over the corresponding period in 1944.
Fol¬
lowing are the kilowatthour output totals of the past four weeks and
24
$865,141
$4.33
885;
10,944,450
Gas
tricity (electricity generated and purchased! for the
25, 1945, amounting to 177,600,000 kwh., compared
..
percentage comparisons with last year:
Feb.
10,944,450
Electricity and
8,847,147,500
Electric
Electricity output of the Commonwealth Edison group of companies,
excluding sales to other electric utilities, for the week ended Feb. 24,
Feb.
8850,824
3*A%, due June 15,
the receivables
Commonwealth Edison Co.—Weekly
Feb.
1,278,917
4,202,629
(Including
29,914,492
stock
$6,701,383
1,278,917
4,202,629
by
ft.)—
made
ance
6,486,487
5,672,795
308.
p.
29,611,201
$6,178,286
1,278,917
4,202,629
Cr231,386
7,818,929
$6,346,687
1,278,917
prepayments,
of
1,182,072,010
—
"Reduction
7,182,563
————
volume of
161,
$6,332,370
Consolidated
Sales of gas
financing depart¬
ment and factoring subsidiaries.
IGross insurance premiums, prior to
reinsurance, of the, insurance underwriting subsidiaries.
JAfter pro¬
viding reserves for renegotiation, excess profits tax, and normal income
tax
1.590,000
4,202.629
499,221
7,607,463
$5
on
(kwh.)
469,682,898 476,860,009
17,943,608
17.096,608
subsidiaries—_—
77,430,064
85,683,928
from
gross
res.
divs
&
,
~8~l"l64
102,003
Balance for the year.
Earns, per sh. on com._
40,728,567
2,514,685
•
______
divs
■
dividends———————
common
pen.
income
25,425,183
14,376,347
Sales of elec.
1943
$
manufacturing
(Consolidated
Net
Net)
25,323,159
76,775
and exp.
Per. End1. Dec. 31
1944
receivables
of
134,601
6,609,809
2,349,048
income—
Dividends
Subs.)—Earnings—
(&
.
insurance
158,326
Approp. to
946;
Net
:
Calendar Years—
•Gross
2,472,732
deductions——
Other
3,805,155
Sales
(Gross
$9,255,279
2,421,495
600.000
1,000,000
_
10,033,286
—
long-term debt
int., amortiz. of
'
.
$10,2.91,783
2,401,273
500,000
3,493,039
Int. chgd. to construe.,
19^44
$173,515
railway-—
$9,482,561
2,380,941
res.
Approp. to post-war
6,540,247
income,
miscellaneous
1945
January—
Net from
'
Crl.400,000
on
Other
debt disc,
Gross
<est.)_
—
income.
Int. and amort, on bonds
15,650,000
25,702,128
Gross income;
31,533
565.
Net ry. oper.
—V. 161, p.
11,408,144
3,957,000
66,525
28,748.
73,835
23,910
14,900,672
Gross
$146,305
67,797
3,501,125
8,181,514
Non-operating
57,780
income
p.
4,973,500
6.437,000
7,585,526
——
tFed.
1942
$147,137
railway
21,186,933
Depreciation
Operating income
1943
1944
17,290,982
Taxes
Ry.—Earnings-
1945
cper.
revenue—
"Adjustment
railway- A-.
161,
—V.
oper.
1941
1942
$35,938,999 $32,662,834
$47,359,456 $43,103,465
29,576,242
24,735.534
22,518,363
31,351,529
expenses
Depreciation
123,588,676
expenses
Maintenance
$702,395
176,208
81,273
Account for Calendar Years
$54,048,631
oper.
oper.
Operating
1944—12 Mos.—1943
S
34,251,902
Operating
565.
p.
January—
Gross
1943
$1,050,295
416,962
257,301
$1,250,231
438,667
229,340
359,798
.—
income
oper.
161,
1944
1945
railway
railway
8.3
% Inc.
12,003,573
.
Other income
Total
2.9
803
$40,949,873
revs.—
revs.
heat,
Total
Only)
1944—3 Mos.-—1943
Other oper, revenues-
Colorado & Southern Ry.—Earnings—
1943
931,734,800
870
31
765.
p.
30,861,872
electricity
of
Gas
preliminary
as
$
Sales
Electric
allow¬
tNo
liability.—V.
Statement .(Company
Period End. Dec. 31—
National Trust & Savings Association;
of
1944
959,050,400
1944
4,570,364,000
has
computations
of banks for a
10-year loan, the proceeds of which will be used to redeem the bonds.
Banks participating in this loan are:
The Marine Midland Trust Co.
the
ft.)—
"Reduction
ance
*
has made arrangements with
2,651,019,437
and Customers
■V
Pounds sold—.—
'
\
10,484,138,500 10,529,033,200 42,080,774,000
.
(lbS.)
company
'
.
Sales of steam
may at their option at any time prior to April 1, 1945,
and
surrender
said
bonds and
will receive the principal
thereof, plus accrued interest to date of presentation and
surrender.
Steam Heating Sales
1944—12 Months—1943
>>
2,057,542,282
—
Sales of gas
Holders
present
'
,
mortgage bonds due
on
April 1, next, at
The Chase National
$11,035,200
Monday, March 5, 1945
Electricity. Gas and Steam
1944—3 Months—1943
Sales of elec.
All
of
262,296
v
-
260,297
0.8
January,
1944
&
Cork
of
Co.
the
1943,
resulting
in
clearance
Government.
referred
of the
to
stock
by
of
Wilmington, Del.,
Mr.
Conway included the purchase
Bond Mfg. Corn., Inc.. now Bond
'--own
as
well
as
the
following acquisitions,
Volume
either
stock
Mono
Service
Co.;
Number
161
or
acquisitions
Reynoids
mentioned
Division
Can
Plastic
Co., "and
Drum
Cameron
purchased
were
Owens-Illinois Can Co.;
of the Reynolds Spring
Machinery Co.
All the'
the past year:
during
assets,
Co.;
Keystone
THE COMMERCIAL &
4365
1944
•Gross
sales
of
&
exps
Sell.,
profit
& admin,
26,112,627
9,155,619
operating
adv.,
gen.
exps
Net
363,136
income-—-
operating
105,065
12,193,601
sales,
240,186
:
17,340,035
of
sales
on
capital
Interest
&
Interest
10^600,624
'
12,768,288
516.914
106,-988
178,580
124,967
601,786
assets-
-,
on'3%. debentures
exchange paid
58,010
149,263
1,028,872
accrd.
or
Prov.
.
941,372 '
income
and
(Fed.,
State
Total
profits taxes
-
Loss
.
surplus,
r,
!
sale
from
5,052,955
20,861,869
Cash
divs.
Written
paid
off
Earned
com. stock-properties
on
of
cost
2,853,953
2,853,953
6,206,945
Note—Depreciation provided
above on
operating properties
and
equipment amounted to $3,849,195 in 1942 and $3,894,941 in
1943,
and $4,678,956 in 1944.
•
and
Notes
hand
demand
and
per
and
Inventories
—
tracts
(per
U.
with
S.
Govt,
war
Deposits
mutual
with
tProperty,
Prepaid
and deferred
expenses
1,756,097
Cuba
Past
I
service
premium
payable)
Accrued
payrolls,
int.,
taxes,
with
identified
etc.———.
U.
S.
i
tract, per contra —,
Reserves for inventory price
Reserve
Prem.
for
Govt,
3,693,530
on
less expenses
3% sinking fund
Common
stock
Capital
694,719
35,000,000
—!
57,079,420
19,462,758
—21,647,480
($20
par)
surplus
Earned
surplus
:
Total
—
159,772,737
•Net
161,
and
401,122
$3.46
for
of
prior
Dec.
$650,000;
$5,279,300;
income
$10,723,955 $13,670,11G
•
877.
p.
be used to
improvements and additions,
H
Sachs
Goldman,
Cost
stock
held
1945
Net
ry.
The
underwriters.
details
patents,
Gross
the
of
underwriting
will
be
by
supplied
insurance,
Electric
&
capital
of
program
incl.
Ironton
&
XX
to
capital
and
in
dividends
$4,681,820;
treasury,
1943
1942
$818,454
$820,551
423,997
501,453
411,641
412,049
274,381
213,789
225,739
ry.
233,001
161, p. 565.
•
Co.—Sale
Unit
of
(Dr)$3,057;
Gross
by
■
,
sidiary
Utility
•—V.
161,
#
i
'•
•'
Stock
after
Electric,
Iowa-Nebraska
of
it
the
acquires
Light,
will
is
sales,
Cost of
1943
1942
$315,989
$296,093
Net
less
goods
on
,
1943
62,865
of
dissolve
to
it.
p.
$878,960
Year End.
on
Year End.
Dec. 27, '41
6,463,884
244,562
211,918
1942.
273,241
307,979
330,087
sidiaries
40,956
$1,399,369
4,725,410
$367,007
1
'
30,185
*592,077*';
$824,439
329,776
year-..
$574,747
$695,673
$494,663
$276,099
earned "surplus
2,726,288
2,634,988
2,425,401
2,279,544
$3,301,035
$3,330,661
$2,920,064
$2,555,643
122,076
310,415
'58,856
130,242
___
$1,287,750
•824,622
-
inc.,
serv.
excess
of
profit for.
Previous
Pref.
8'/o
Prem.
paid
,
Loss
divs.—
cum.
div.
&
divs.
cum.
$397,192
121,093
paid-in surplus.,
Continental
Light
will
is
Gas
in Fed.
Earned
of the sale by Continental Gas.—V.
inc.
Nov
profit
creased to
value
holding
common
(at
and
The
all
its
declare
company
in
the
the
consisting
State
of
goodwill,
class
of
equal
B
York
proceeds
stock
certificates
Central
of
Hanover
Shares
of
stock
capital
2,000,000
directors
common
March
9.
shares
the
of
The
par
of
Bank
its
stock
&
be
may
exchanged,
have
stock,
declared
$1,
par
during
of
transfer
Co.,
1944.—V.
dividend
a
share
for
WCre liquidated ai®- of the' close
retired
70
agent,
cents
160,
of
20
class
A .common
stock
stock five for one.
class B
share
per
per
A
the
common
1.
V. 161, p.
A
on
stock,
like
Electric
Feb.
on
special
par
$1,
amount
was
Dividend—
a
.of
and
$1,734,000;
supplies
Gross
law,
$100,000;
payable March 10 to holders of record
paid in each quarter during 1944.*—
and
refunding
interest.
Chicago
3,
1944,
mortgage
Pavment
111.—V.
154,
will
p.
serial
be
242.
bonds
made
at
dated
the
Sept.
Trust
1,J; 1945, $15,000
1941, at par
Co. of Chicago,
1,
stock
of
Divco
(after
Nov.
SO,
charges,
ad¬
convertible
T/r
165
agent,
and
and
other
Admin.,
selling,
shares,
for
par),
no
$2,928,677;
April
1,
next,
preferred
Broadway,
two-for-one
common
split-up
stock
shares of
$1
of
common
500,000
to
par
value.
shares
At
total,
shares
540
stock
at
York,
New
called
stock
of
$110
N.
Y.
March
changing
cents
there
are
par
to
12
—V.
railway-
Net profit
Earnings per
•Based
on
Revenue
161,
income
the
1943
1942
$4,453,801
$3,524,060
$3,119,558
646,282
1,372,531
'860.129
826,710
1,163,951
497,761
553,978
877.
p.
1945
January—
Gross
from
Net
from
Net
ry.
1943
advertising,
•
19U
1943
$451,994
$351,621
385,504
306,361
$66,490
$45^60
1,449
282
$5,633,925
and
and
$561,849;
tion
of
taxes,
in
29 15"?
6)973
$162,695),
insurance
$22,802
$0.33
surtax rate
surplus,
160,
529,456
1,545,315
1,493,518
$0.0*
provided in
as
have
banks
Sheet, Jan. 3J,
been
charged
to
and
notes
plant
and
other
hand,
$582,542;
accounts
inventories
$452,022;
and
on
and
equipment
dies,
items,
tools
U.
receivable
(after
$141,199;
of
(after
and
$33,322;
S.
Government
(after
reserve
of
reserve
of
$12,154),
reserve
for
deprecia¬
patterns,
patents,
$9,435;
at
prepaid
nominal
value,
:
$1,733,796.
p.
cost
1945
earned
surplus,
accrued payrolls
and
withholding taxes, $27,156;
(par $1), $225,000; capital
$1,069,954;
total,
309.
$1,733,796.—
•
v
011 the
New York Stock Exchange Feb. 28 at $2^/2 a
share, with a commission of 40 cents. The stock offered
by Lehman Bros., was oversubscribed in the elapsed
time of 15 minutes.
and allotments
income—
•156,543
569,932
617,733
481,950
Bids
were
were
made
on
received for 50,295 shares
a basis of 67.8%.
There
251
purchases by 67 firms; 2,610 was the largest
allotment, 25 the smallest.—V. 161, p. 668.
Donner
1,305,102
161, p. 565.
40%
■
other expenses, $28,549; geneial, excise and
income taxes, $100,963; capital stock
V.
$10,460
$0.10
of
->
amortization
material
property,
total,
28 768
*15)201
-XX?-.:.
$45,324;
$49,301;
and
c
<
expense.
Assets—Cash
$1,000),
!
71,847
——___
normal
'
$46,587
*57,191
,
tax—
$85,787
share
combined
law.
seccurities,
$5,247,492
...
•Deficit—V.
1 327
'
$66,772
service
_
Note—Depreciation
sales
1942
$6,432,914
railway
oper.
RR.—Earnings—
1944
$5,618,774
railway....
$12,944,747.
Dome Mines, Ltd.—Special
Offering—A special offer¬
ing of 32,400 shares of capital stock (no par) was made
309,597
-
par),
no
$1 258 491:
par),
no
$214,826'
,
value,
$3,922,973
railway—i—
oper.
1944
liabil-
expen¬
preferred
outstand¬
Corp.—Earnings—
1945
5%
$213,377
:
Federal
for
by
50
present
$566 105:
$453,173;
A stock < 123,000 shares,
(178,750 shares,
.
and general expenses^..
Provision for Federal Income
$1;
of stockholders has been
'on Dee"
taxes,
$18,962;
of
of
$12,944,747.
payable
other
accruals,
1945
°r°f Profit Income
——
authorities,
Payment will be made at the Chemical Bank
redemption
total,
334,978' Capital surplus< $789,910; total,
Miscellaneous
(of which $1,132,105
stock),
cumulative
$4,577,-
543,632
Income
reserve
was
shar©
per
inventories,
,$757,009
Total
state
(100,240
on
cents
Corp.—Earnings—
$664,739;
sundry mort¬
(after
th©
1944
reserve for plant consolidation
class B
2293
stock,
split
for
1944
charges, $40,932),
years
2182.
p.
64
$318,841;
State,
income,
compensation
3 Months Ended Jan, 31—
re¬
and
and
and receivables (less reserves
(after reserves for depreciation
'•d$2'709'40^'f
common stock
74fi^
cumulative preferred
earned surplus
preferred
Federal
fE ?!?Z ye?ri $3?-334''
$3,837,746,
and
pa,yable' 8832,434; dividends
$113,214,
commissions,
—v"ei60Urp
stock
income
securi¬
Govt,
308.
corporation has called for redemption on March
first
S.
claims
$55,303;
7%
stock
has called for redemption
meeting
from
from
ry.
(Mich.)—Bonds Called—
A
A
net
products,
cost)
(at
Delaware Lackawanna & Western
of
and
tax,
equipment
common
retirement
January-
Net
Reparatrix
class
The
$253,490, $2,011,992;
i
were
Convent Mary
The
U.
receivable
accounts,
$3,534,022;
deferred charges,
$134,969;
organization expenses, $1; total, $7,666,153.
Delaware & Hudson RR.
Net
dividend
to
business
preferred
Treasury certificates of indebtedcost, $781,212; accounts and notes
P^.SalfeS,
of sales
2467.
500,000
of 20 cents per share
a
outstanding
stock.
Cost
ing 142,952 shares of 50 cents par value stock.—-V. 161, p. 109.
„
Corp.—20-Cent
13 declared
Its
class
fVl savlngs bonds(after reserves
Si
$247,034
accounts
profits
excess
and
dividends.
Co.,
authorized
30 to holders of record
share were made in each
1524.
p.
per* share
the
on
J?nqnin?,SCieida^Q«US,<in^Stments
ll
fiki
^ssetsJ
$1,973,651), l'ooSo
$2,242,973, deferred
Jan. 1,'44
Dejay Stores, Inc.—Plans Stock Split-Up—
Broad¬
Rate Increased
cents
all
Liabilities—Accounts payable (trade), $140,975;
March
payable
15
plant
160,
outstanding
p.
$5.03
selling and general expenses, and
$143,958 in 1943 and $160,331 in
profits taxes,
tlncluding the sub-
nr>«SS!!tf7"CaSh' $2-928.294; U. S.
the new par value of $10 per share,
Trust
Motors Corp.—Dividends
Distributions
directors
March
;v:::XX-.:.X -X^;*X
■
J944
30,
trade
ingredients,
compensation
in
company
Trust
151 863
$3.44
1944,
in
1943
in
&2,340,670),
$106),
per 'share and
The exchange is not obligatory.—V. 161, p. 460.
Cornell-Dubilier
The
$2,425,401
$168,975
$16,898
;
hand, $1,719,922;
on
Sundry
Federal
trademarks
—V; 158,
„
on
and
and
Davenport Hosiery Mills, Inc.—Partial Redemption—
from
153,894
shipping,
in
Balance
&
capital
of
Dec.
Customers'
$110,356;
flour,
of
$7,666,153.—V.
In¬
from
the
$2,634,988
1944
1944
$160,804
Sheet,
and
$1,050,000;
workmen's
effect
Continental
quarter
in
charges—
banks
property,
(par
45,959
301,750
stocks
company
ditures (less cuirent
for
sys¬
146,686
44,662
$1.67
and
$150,883
common
to $3:19
the
on
the
B
riifm-M
Liabilities—Accounts payable and accrued expenses, $523,554; reserve
Federal taxes on income, $879,925; contingency reserve under New
United
York.
New
New York, N. Y.
The
$55,303
gages receivable, $250,088; statutory deposits with
share,
per
for certificates of stock of
the
at
way,
the
increased
21
in
refund
depreciation
instead of $2.50 per share, as heretofore,
increase has been approved by the Superintendent of Insur¬
Present
share,
Feb.
on
$20,000,000,
to
the
of
of
$851,200; capital surplus. $648,797;
of
Value
all
$11,356;
$135,397;
and
company
after
$7,112),
post-war
$10 Per Share—
$10
such
ance
$2,928,677 ' $2,726,288
tax of $553,034 in
refund
•
V
! VXX
■
Earnings for 12 Weeks Ended
cost),
of
vances,
160, pp. 2293, 2540.
Co.—Par
Insurance
stockholders
of
84,146
profits
post-war
Assets—Cash
ties
144,500
147,662
44,688
1942°'
30
210,366
324,267
Balance
public
$909,021
137,868
liability for excess
Wadsworth, Howland & Co., Inc., and Peaslee-Gaulbert Painfr
.changed
1
1,
tax
370,000
$668,223
share
flDurlng: 1944
.
wages,
618,225
—
excess
(after
appropriated
Continental
35,000.000
"'31,768
non-
surplus
•Includes
.
intermediate
an
Light & Railways and United Light & Power Co. holding
tem,
The Commission reserved jurisdiction over use of
The
218,514
pref.—
8%
on
Cr237 34<4
226,000^
136,381
152,480
—
arrearage
disposal of
on
l'436
t371,000
tNo
97?
operating property
.
426
100 313
$642,234
per
receivable
-
7%
J1942
Crl59,217
Cr5M32
taxes
Balance, Sheet,
Net
Ap¬
latter.
etc.—
profits
—
class A
depreciation
•
——
•
735
Including warehousing,
7,555,478
$783,483
Profit.
of
liEarnings
$13,783,395 $12,098,306
53,168
1
104,868
common
273,236
4,891,893
.
&
B
Shares
7,640,840
Dr56,762
-
30
$840^609 "$1,143
$961,802
stock—
exp.,-
co.
Nov.
'1943
—
A
280,680
repairs
Ended
ptc.
preferred
218,216
&
Years
income
sales,
Class
53 Wks. End.
Jan. 2, '43
v.
'-,-•*
$20,743,322 $17,309,387 $16,366,686
19,781,520
16,468,778
15,223,260
sold
purch.,
inc.
8,339,195
expenses-
returns
Class
Jan. 1, '44
v
1
,»
> '
Inc.—Earnings—
Account,
Dividend01?"16
Year. End.
116.05*
75,208
••
;
> '
'
$1,288,441
2756.
4,498,345
serve
shares
parent of the
Iowa-Nebraska
66,114
,
Income
1942
Sons, Inc.—Earnings—
Prov. for Fed, inc.-taxes
Continental Gas, prior to the sale, a cash dividend of $465,000
pay. to
out
and
259 382
;
:u~—
Discts.
1944
$1,234,582
161,
purchasing company, however,
proposes
immediately to acquire
the properties and assets of Iowa Nebraska Light, to assume all
liabilities
242,224
v
operating
Discounts
4,378,230
Net
operating
an
33.684
become
1942
$432 865
243,320
Devoe & Raynolds Co.,
total,
Dec. 30,'44
.
1943
$403,374
224.634
,
'
*1944
$430,767
565*
p.
Jr
RR.—Earnings—
1945
$410,352
railway..—
Net from railway
Net ry oper. Income-.
1944
Int., disc. & sund. rets,
4
Continental Gas.
Central Electric
not a subsidiary of any company.
of
and
Central
v
.
'
,
from
Gross
$1,456,131
approved
SEC
-
deduct
..1844*.
$14,672,452 $13,920,244
assoc.
Reduct.
amendment.—V.
'
1944
$968,868
railway
oper. income.—
Detroit & Toledo Shore Line
surplus,
payment of
chgs.
Feb. 21 sale of the outstanding securities of the
Iowa-Nebraska Light & Power Co. by the Continental to the Central
Electric & Gas Co.
for $4,325,000.
Iowa-Nebraska Light is a sub¬
The
RR.—Earnings—
1945
January—
(200,648
operating .profit.
Net
permit.
proved—
X
s
.
$908,132
Nbt
$360,-
stock
common
.$583,308
respectively).
Gas
6,446
from
—V.
$3,965,088),
•
charges and taxes.—V. 160,
and
1943
Continental
9,776
-
railway.—.
from
Net
de¬
$1;
charges.—V. 160, p. 2645.
Selling, gen'l, etc.,
3C8.
p.
14,580
2 372
584
.
January—
$1,047,480;
RR.—Earnings—
Total
finance in part a
when circumstances
1942
$66,428
16,241
565.
p.
1943
$79,177
7,378
income—.
oper.
161,
1944
$71,982
6,755
Consolidated
X-XV
Depreciation
and Lehman Brothers are the principal
offering
price,
dividend rate and
other
Co.
public
&
Ry.—Earnings$77,206
Detroit Toledo
(at cost),
$157,444
Maintenance
Feb. 23 filed
will
4.810,161
$8,859,955
X'v
railway
railway
from
—V.
arising
year
Railways—Earnings-
(net)
Pref.
with the SEC a registration statement
covering the issuance and sale of 150,000 shares of cumulative pre-,
ferr.ed stock (no par), net proceeds from the sale of which will be
added to the company's general funds initially.
It is anticipated that
they
4,799,115
$5,924,840
•
later
....
U
of
Dec. 30, '44
Registers Preferred With SEC^—
on
$10,483,663 $13,594,620
240,292
*75,496
_
income
from
Net
31, 1944
initial
as
extent
profit
Sales
quoted on New York and London Stock Exchanges,
tAfter
of $36,994,020 in 1944 and $33,290,245 in 1943;
>
company
3,600,000
11,230,000
1943.
compensation
(restricted
common
r
depreciation
The
3,519,000
—3,099,000
,
January—
Gross
5%
152,257,779
—
corporate
(net)
Federal
:
•Stocks
of
and
taxes
Cuba
715,846
35,000,000
57,079,420
19,462,758
24,663,393
—
tax
securities
Quarters Ended Dec. 31—
1,494,205
__
debentures:
1944
6l)484)955
66,598,651
surtax—__
$762,610
$2.54
Sheet,
1945
$83,700,314 $89 909 575
tax——
Interest
258,575
2,605,057 *
1,300,073
——
etc..
service, annuity prems.——^
sale of 3'A sinking fund debentures,
past
'/
(& Subs.)—Earnings—
income
V.
$508,661
excess
U. S. Govt,
the
to
Northern
eon-
—
decline,
129,829
6414,000
401,122
profit
•After
175,000
6,894,654
175,000
12,515,969
—
war
Balanee
surplus
3,908,871
8,203,788
—___
Liabilities
Net
7,737
350,000
—
operating
currently
< est.
Gross
152,257,779
—
annuity
.and
miscellaneous
Interest
50,000
_______
properties—
share,,—
value),
par
earned
Cushman's
payable
of
Quarters Ended Dec. 31—
Liabilities—
Accounts
40,028
$15,561,534.—V. 160, p. 1860.
870,312
159,772,737
-
33,749
exp.
taxes,—
contingencies,
shares
447,267
533,289
64,381,152
assets
—
tax
profits
Other
exps.
3,527,369
276,419
621,312
70.852,113
—
126 192
Income from utility operations..—
,»
69,237
for
for
no
87
•After
Total
141,536
inventories, $4,617,324;
miscellaneous
buildings, machinery and equipment (after
reserves
of
of
•Net
companies
equipment-
Normal
$863,031;
cost
94,396
3,939,728
insurance
and
plant
112,076
$1,266,637
share)—
per
Consolidated
receivable,
indenture
258,575
—
•Security
Other
deb.
other
profit credit carryback
excess
reserves
shares
con-
contra)-—i.
investments (at cost)
security
investments
of
G4J946
$900,146
37,243,629
17,110
identified
Assets
892;
17,737,536
interest
Accrued
91,217
income....
oper.
161, p. 565.
18,169,582
23,192,810
receivable-.——____
accounts
■
8,994,672
5,123,090
cost)
(at
169,727
Ending Jan. 31—
?Gross earnings from utility operations
.•Utility expenses.,.
476,343
„
—
($2
common
unused
$282,304
105,643
$1,125,101
—
dividends—
$1,000,000;
$
9,466,995
deposits at banks-
Government sees,
439,193
$835,200
amort,
income
1942
$296,155
92,632
12 Months
payable (trade), $690,447; wages, salaries and
commissions,
$587,994;
interest
on
debentures, $3,750;
State,
local
and other general taxes, $243,331;
reserve
for Federal income taxes,
$434,459;
10-year 3% sinking fund debentures, due May 15,
1949,
1943
44,527,062
Canadian
and
1943
$300,942
69,131
railway
Detroit & Mackinac
debenture
$
on
U. S.
1,184,850
_
dismantlement
dividends
$1,632,598;
1944
Assets—
Cash
ry.
—V.
.1944
$269,947
railway—..
Liabilities—Accounts
31
Comparative Consolidated Balance Sheet, Dec.
;
from
Net
re¬
1945
from
Net
com¬
19,477,784
1,294,573
investments, $41,160; land,
reserve
for depreciation
of $9,066,302), $7,408,835;
ferred charges, $29,246; total,'.$15,561,534.
,
'
----W-
rehabilitation-and
oi
Ry.—Earnings—
January—
Gross
1943
19,905,100
expenses—
-
.
22,347,383
$1.77
31
Dec.
depreciation—
*
—
21,647,480
24,663,393
Earnings per common share
$2.12
$1.81
•Less discounts, returns and allowances.
• ;:
surplus,
general
Assets—Cash, $1,554,457;
25,914,825,
3,567,441
27,517,346
30,708,378
-
1944
depreciation
>After deducting claim for refund of
,
i —800,000
5,169,963
22.347,383
6,044,985
The
$22,474,066 $22,264,078
profit_J.'_i—
accounts
Total
of
and
for. Federal
Earnings
" X
-
•
24,663,393
1
31,
Detroit Edison Co.
selling
for
Preferred
2,500,000
900,000
1,000,000
surplus
Jan.
no
Dec.
Account for Calendar Years
'
debentures
on
on
Net
price decline
earned
to
3,500,000
(Fed.
contingencies
Balance
Earned
3,424,291
4,913,000
inventory
for
other
that
-
ended
Government.
preparatory to operating Indianapolis plant—
added to operating reserve—
Common
:
S.
income..—
Provision
;
-
year
11,852,955
3,687,000
excess
foreign
Approp.
or
taxes
foreign)
for
,9.494.254
15,644,985
—
for
and
.
Prov.
Income
exclusive
for
Provision
Profit
U.
the
Other "Income
290,368
income
loss
to
determined
(Excess
Interest
Total
Net
refunded
been
fiscal
the
'X Profit from operations..,..:.-..—
188,751''
375,936
366,157
.455,795
interest——-—
and
income
of
Provision
.309,750
9,994,281
investments
&
securs.
on
be
has
1
Administrative,
Dividends & int.; received or- accrd.
Other
should
it
during
sales
Cost
17,839,093
5,335,742
.16,593,872
Prov..for doubtful notes & account
Denver & Salt Lake
'
realized
Year Ended Dec. 31—
•
983
Corp.—Annual Report-
renegotiation,
were
Consolidated
123,119,130
105,280,037
16,002,793
5,903,448
CHRONICLE
pany states it knows of no reason to anticipate that the results of
negotiation for 1944 will materially affect the figures given below.
s
Net
Gross
Steel
of
profits
which
1943,
1942
s
174,337,505 125,613,665
148,224,878 109,610,871
operating revenues-
goods soid & oper.
1943
$
result-
a
excessive
income Account for Calendar Years
Consolidated
Cost
As
X-X."''X^XXXOX
cash.
for
"Continental
FINANCIAL
The
of
Estates, Inc.—Exemption Sought—
"company has asked
the
entered
Public
into
a
Utility
SEC to exempt it from all proVlslonstCompany Act of 1935.
Company ha»
Engineers Public Service Co. (which see>
the
Holding
contract
with
THE COMMERCIAL & FINANCIAL CHRONICLE
984
to
Electric & Power Co.
<G*J
Donner
created
Estates
William
by
International
because
hold,
the
with
securities
trusts
of
"do
not
s
much
as
for
trusts
August.
own, control or
outstanding voting
of the
January—
Gross
Net
from
from
Net ry.
railway-—
$138,158
*993,774
railway
income
oper.
♦Deficit.
*1,043,961
to
of
have
been
for
called
the
at
office
redemption
J.
of
P.
April
on
$600,000
next,
1,
$3
Net
of
stock
for
from
Net
1943
161,
$340,775
$288,659
$303,365
26,838
72,965
49,683
4,511
income—
share
of
25
cents
dividend
^3,908
51,292
21,972
a
been
from
Net
ry.
—V.
1945
from
Net
railway
credit
a
agreement
in
the
income
161,
2,560
estimated
an
1942
$182,100
A.
A.
G.
No
tors'
Other officers
the
31,556
20,026
on'^-or
dated
consolidated
for
Depreciation
1944
-
income
and
income
before
be
notes
Munn
said
maintained
and
taxes
Net
and
believes
company
239,959
1944, providing
in the amount of
7,
before
State
$3,119,725
1,108,729
1,108,729
prior pref. stk.
taxes
profit
retund
payable
1943
that
6% pfd. stock
order
loss
and
All
of
Extended
the
1944
fiscal
from
sales
net
year
of
$1,964,643
of
was
1934."
ended
Feb.
however,
The
during 1944
Light
&
Co.,
as
were
compared
with
the
-
Operating Subsidiaries of—
Power
&
corresponding
Light
■:: ■
"
1945
Much
are
Co.—
1944
176,995
Amount
176,902
93
95,689
*3,694
*3.9
102,628
Total
started.
were
and
3,428
1945
Light Co
Light Corp.—
1944
174,259
3.3
Amount
175,996
income,
in
now
precludes
*V 5 V:..
the
last
annual
to
tion Program
involves
the
on
ceitain
regarded
report
meet
the
financial
abnormal.
as
attention
for
current
risks
The
which
in
calendar
year—
eleven
fiscal
Gross
Unfilled
orders
orders
available
Cancellations
and
Unfilled
orders
sustain
maintain
a
varying
advert
adverse
current
problem
other
has
and
of
war
of
war
war
Inventories
mitments,
for
which
received
the
taken
products
f P/°
ESNA
which
It
the
is
prosecution
working
together
haS
the
to
to
$1,142,705
been
to
This
the
of
war
management-
n0
in
the
aPPreciable
products
at
the
to
purchase
approximately
com¬
end
was
$19,000 000
reduced
of
the
year
amounted
items approximately $2,028
approximately $3,600,000,
to
000
and
the
onScTa'x^^rtSrand^S700'000 ln the ,o™ -•»*»«»
obSrved lronf£the ttS'g:enle-Wi fr0m JUnC t0 Dec" 1944' m«">e
1944
August,
October,
1,604,000
1944
September,
should
$2,141,000
1944
—
1944
emphasized
$1,707,000
1944
1.264,000
1944
1,818,000
2,042,000
that
the
receivable
Other
adjustments
entered
shown
during
below,
a
it
given
$4,622,479
$5,441,107
1,556,175
1,731,367
6,435,125
7,396,917
$1.26
$4.30
$4.55
advances
385,561
& Lt.
Co.
4%%
1st
mtge.,
1965—
companies
25,000.000
19,500,000
securs.
251 942
"
charges
(prepayments)
stock
(no
par)
stock
($5
21,570,000
;
1,787,713
taxes
(appropriated
from
capital surplus)—
contracts
(est.
to
and
500,687,016 537,231,037
$2,103,773
The
Post-war
refund
Accounts
receivable
of
Federal
taxes
(foreign)
its
69,405
451
2,309,921
291,667
Deferred charges to
a
Liabilities—-v
Notes
;
„
payable under
Accounts
payable
1
/
•
•
Accrued
Federal
wages,
taxes
on
taxes, rent, etc.
6%
general
cumulative
Common
(par
1944
stock
and
a
(par
$50)—
1,366,500
1,602,800
458,153
453,479
832,666
■.
in
$1,953,000,
2,504,612
-
307,695
of
$116,700
in
gross
and
JAfter
1943.
in
1944
and
amortization
reserves
for
$329,724
of
in
$2,793,372
amortization
1943.
in
of
provision
estimated
for
tAfter
1944
and
$32,843
^Includes renegotiation provision
renegotiation
decide it
ah
use
or
stock
the
by
SEC
to
appropriate
the right
reserved
preparing
and
expects
to
file
with
the
SEC
in
the
a
company to
court approval.
It is presently contemplated that a
the $44,000,000 of cash, together with
certain securities,
to accomplish such
retirement.
for
of
sum
of
authorized
stock,
is
stock.
From
302,555
and
as
$6,448,035, •pr £n
may
is
of
its
shares
aggregate
22,
of
1944,
advise
at
the
purpose
the
date
that
you
intends
company
deem
for
unspent
to
the
September,
shares
86,700
it
Jan.
remains
This
expended,
$44,000,000
preferred
on
there
$1,296,280.
amount
the
$23,575,031
to
of
this
of
when
if
and
such
use
in the purchase of
date the company has
necessary
$6
1941, to
preferred
its
$5
stock
preferred
at
a
p.
cost
at
stock
qost of $30,023,066.—-V. 161,
cost
309,
of
.
of
:
El Paso Electric Co. (Del.)—Ceases to
Be Holding Co.
SEC
holding
on
Feb.
company
effect.—V.
160,
26
ruled
and
p.
that
ordered
2756.
this
that
has
registration
company
its
ceased
cease
to
to
be
be
a
in
"
Elgin Joliet & Eastern
Ry.—Earnings—
January—
from railway
Net from
railway
1945
•
•
Gross
1944
1943
1S42
$3,174,314
$2,819,597
$2,727,314
$2,680 484
979,508
707,085
702,560
961 587
469,401
284,261
129,755
509,543
Net ry. oper. income—
.—V. 161, p. 566,
Emerson Electric Manufacturing Co.
Stock Placed
Privately—Van Alstyne, Noel & Co. announces that the
registration; statement with regard to the 42,360 shares
—
of common stock
with
$24,291,808 $33,317,538
——
1943.
and
3,047,837
*.
of
6,212
1,500,000
340,941
depreciation
$29,581
—
.
1,500,000
a
:.
reserve
3,430,000
^
a
surplus.:
Appropriated surplus
for
141,871
901,121
pfd.
$1)
Earned
♦After
46,287
112,836
;/■
—
surplus—
Total
2,121,763
—
contingencies
conv.
stock
Capital
1,126,057
§3,025,000
40,604
income—
for
it might
to
preferred
right
11,040,082
3,038,976
withholding tax
15-year 5% sinking fund debs., due Jan. 15, '59
its
the
__
893,695
claims
time
any
authorized
of
reor¬
Share
holdings
proceeds, in whole or in part, in connection
plans for the accomplishment cf the same
or
future
amounts
the
The
1,609,015
111,072,000
Federal
Deferred
"•*
'
$7,000,000
21,674
2,561,000
income
misc.
comm.,
used
the
purchased
182,103
•
of
latter
its
.12,273
997,317
provision
Accrued royalties and
Employees' war bonds
Reserve
be
part
8,672
4,405,841
15,757
$4,500,000
——
Payroll deductions—withheld
Renegotiation
request
part
letter
633,000
3,449,875
^.
loan
V
(trade)
is
near
acquiring preferred
.
v
is
to
&
its
.then
will
$24,291,808 $33,317,538
—
subject
all
'
this
operations--r-r-__:_^_^__»;»;, ,,3.$6.,359:
.U-A.
such
plan
company
make
1,606
9,070,173
-
of
use
at
& Share
retirement
Bond
of
with Commission approval,
jcompany,
other
large
2,576
83,230
1,005,920
—
the
market,
Electric
settlement
for approval
244,045
.
Bond
in
approving the plan of
which
full
Public
3,201,571
tProperty, plant and equipment
JPatents and licenses under- patents--——:.:.
System,
sum
open
the SEC
under
in
cash
plan for the retirement at one time of all of
outstanding preferred stock under Section 11
(e)
of
the
Utility Holding Company Act.
This section of the Act provides
of such a plan by the
SEC, and upon the latter's applica¬
tion, at the company's request, for the
approval and enforcement
thereof by a Federal Court.
It
is the intention of the
21,723
5,171,932
1,483,000
7,118,434
(est.)
Corp.,
in
authorization
apply for
reasonably
90,280
—
Gas
this
the
The
any
Gas
objective.
Of
contra)—.
United
of
in
so.
with
489,404
—
do
1943
313,578
Sinking fund for preferred stock—.
Sinking fund for debentures
Total
to
9,035,000
-—
all
$44,000,000
United
part
purchase
to
-,
of
terminate its
a
value)
the
any
inventories.
1944
reserve)- —'
Retire
58,853,304
Outstanding Preferred Stocks—
stockholders, Curtis E. Calder, Chair¬
George G. Walker, President, state:
received
in
128,300:
1,828,123
recovery
Co.
$1,964,314
30
—
322.38o!312
letter to the
a
man
$4.05
excess
'
taxes
32 023
323,174,001
35,345,584
„—
415,245
—
of
4]893!982
1,720
~
Under the terms of the order of
—
of
3,399,333
4[893!982
credits
surplus
surplus
Plans
$1,964,314
454,297
accepted and billed
(net
144 *?oq
1,73W67
Total
(trade).
:
200
•?=; 700
1,556,115
declared
Deferred
94,944,700
250
1
Reserves
Cr4,299,000
91,276
*
26,251,788
Others
Dividends
5,800,000
——
—.
.
24,599,700
85,970,000
26,251,788
par)
payable:
Associate companies
Earned
$1,122,044
,
200
38,347
500,687,016 537,231,037
preferred
131,893
,
5',767
96,547
—
par)
to
sale of
397 616
22',500
200
(110
709,000
$990,151
on
1,690,000
391,136,111 405,672,265
22,681,583
lo!289i>585
30,067,729
3,584,516
assets
stock
Capital
—
relating
3,040 621
1,690,000
1
miscellaneous
preferred
2,279,000
10,040,000
Cr229,000 Crl,004,000
taxes
19,500,000
103,284
„—
and
50,000
5,037,120
1953
companies
current
'
5,037,120
warrants:
Services, Inc.
27 925 000
100,000
companies
option
35,000,000
j
Inc.
Liabilities—
147,364
$1.98
claims
(see
§
30,000,000
Corp,
$5
$4,036,965 $13,263,327
'714,814
53,014
Treasury notes
receivable
1943
(ledger
Total
$3,651,404 $13,115,964
—
S.
31
g
and
Accounts
employees———————6,711
liabilities
$1,711,081
and
amounts
Other
Deferred
$6
(for taxes)—
U.
on
accounts
Reserve
£e6pect £° the. cancellations
be
1944
November,
December,
2,180,000
1943
506,371
share
receivable—
Accrued
,x
inventory
$1,512,798
applie.
whether
Co., Inc
and
Common
Cash reserved:
be
during 'the
of inventories not immediately
or sales- with the result that inventories and
amounted
July,
accrued
Inventories
shares
of
changes
capital.
with
amounted
of
adjusted
thGre
$6;90.0'000 and ordnance
inventories
June,
Treasury notes
Claims for refund
$5,000,000
appear
280,299
693.352
Services,
Associate
$4,592,944
S.
.Due'from^
constantly
company
incident
an
attention
been
SL. L bpgl"m"? of the fiscal year.
vfmaSi product:°n and by liquidation
commitments for
time,
successful
constant
have
company's
hand,
ESNA
must
2,489,467
272,268
836,189
Others
2,068,704
—
—
common
•
contractors.
attend
the
commitments
on
on
we
given
any
production
PffPPfWith your rGSUlt that
the
effect
production
at
may,
1,714,434
66,997
213,019
in banks, on demand
Temporary cash investments, short-term
Accrued interest
receivable:
154,369
surplus
'
♦Accounts
37,000,000
quantity of orders.
major
conditions
problem
inventories
which
to
dividends
Contract termination
$42 000 000
'
623,043
71,108
190,878
Cash
December.
30
-
Assets—
Interest
15,00(L000
cancellations—
340,361
taxes—
Gas
Ebasco
operations
282,000
adjustments
carried
per
U.
32,000,000
year
flow
even
the
many
of
inventory
to
is
end
an
an
unrelated
This
income
Other
received
$8,904,225
securities
System
890,809
Balance Sheet, November
$57 000,000
adjustments
business available after
Deliveries made to customers
appreciably
expanded
347,756
•
profits
.
Notes
to
business
Total
This
amounted
year
Stocks
——
Cash
$25,000,000
$7,445,370
United Gas P. S. Co. 6%
debs.,
Cuban Elec. Co. 6%
ciebs., 1948
—1,168,669
taxes—
tax
dividends
;•;<
ESNA
on
$2,415,857
divs.
Ebasco
our
962,508
■••Including 1944 loss of $3,209,292
7,118,433
company's business
follows:
62^047
$1,745,052
"
The
678,743
——___■—
for
Common
backlog at the beginning of the fiscal'
during the
been
of
Inventories
732,834
2,131,252
71,677
1944
ganization
Net
Preferred
(at year end)
;■ $304,111
1,923,763
2,292,367
value):
Notes and accounts receivable:
American & Foreign Power
in
1,788,039
provision—
years
Earnings
——
received
income
credit
Terminated
Total
with
the
as
Nov.
of Federal income and excess profits
applying to renegotiation provision.^—
prior
expansion obviously
circumstances are not
these
725,640
15,556
—
Assets—
Such
5,879,364
or
totaled
year
To
Net
2,272,431
figures the picture of
the fiscal year 1944 is
Ended
—
excess
renegotiation
725,640
28,386
periods,
Investment
In
9,070,173
round
has
—--———
taxes.
of
$6,710,926
Comparative Balance Sheet, Dec.
with
substantial.
curtailment
income
taxes
Net
1,673,908
year
year
be
accounts
—Jt—
profits
$5,081,326
Reduction
Produc¬
2,543,801
fiscal
to
—
refund
$1,674,661
declared or undeclared
Earn, per combined
pref.
of
industrial
i-i,—
excess
224,739
$991,026
——$1.06
stock
Accrued
expansion
War
112,058
fiscal
products in
.
the
1,186,624
months.
1944
New
to
National
the
Years
deductions—
Federal
127,084
income
to
"
year
1943
In
directed
the
Working Capital
(at year end)
$329,745
year__
1941
Pfd,
pre¬
and
line
1944
income
57,023
interest
United
continues
in
Account,
Federal
233,650
28,721
com¬
Income
Net
Exchange
brought in
been
cancellations
to
lag
income
Total
following
-
calendar
1940
of
needs.
Net
1942
has
operating losses from August through
been eliminated, however, and profitable
profit
233,650
Other—System
orders
subject
doubtful
877,500
58,413
taxes
healthy.
necessary
has
2,176,266
expenses
Commission
accurate
were
1944—12 Mos.—1943
877,500
income
of statements filed
the
Income
219,375
system
shares
Securities
Co.—Quarterly ReportStatement of
"
income
production, any
The company's financial condition,
tentative.
be
Income
comparison over a period of
of net working capital with inventories
demonstrates this point:
years,
1939
was
requirements
basis of
rate
total
recent
219,375
& Light
Other
view.
Balance,
Other
Stop Nut Corp. of America—Annual Report—
President, and John F. Casey, Chairman,
production
in
$3,198,771
Total
the SEC.
dominates
1.0
John R. Munn,
in
be
to
expenses
Post-war
of
will
halted
988,334
Federal
before
the securities
in
before
filed
statements
Depreciation and amortization——-
90,521
95,793
5.5
Power & Light Co
100,619
105,403
4,784
4.5
The above figures do not include the
system inputs of any companies
not
appearing in both periods.—V. 161, p. 766.
stats-
present
volume
been
Bonds:
incoming
caused
expense
Other
Pet.
1,737
5,272
National
Elastic
the
and
hearing
and general expenses
Engineering and research expenses.
•—Decrease
&
if the
the
year
have
year
536,667
dividends
Other
are
and common stock.
and accuracy
Administrative
-Thousands of Kilowatt-Hours-
Operating Subs, of—
Power
and
direc¬
230,000
the SEC starting Dec. 15,
required to testify before
J-
0.1
91,995
&
next
$2,854,756
Electric Co.—
Total
less discounts, returns and allow.-- $37,893,545 $42,072,250
♦Cost of goods sold
26,912,203
22,462,769
Royalties on sales——.
921,865
1,213,421
Selling and advertising expenses—
1,810,113
1,312,088
Pet.
166,056
of
The
Provision
Power
preferred
the
$303,183
Power
Other
Gross sales,
^Decrease.
Electric
the
situation
war
Income
—Increase-
v
Corp.—
Week Ended Feb. 15—
American
the
rapidly and
fiscal
last
1944—3 Mos —1943
Co.
This
cumulative convertible
by
1933
final
regulations of
business
week
Light Co.—
Electric Power & Light
National Power &
of
follows:
as
last
manu¬
$454,517
were
inventory situation
would
volume
operations
22,
-Thousands of Kilowatt-Hours-
American
of
and
view,
continues
reduced.
1945 the System inputs of client oper¬
ating companies of Ebasco Services Inc., which are subsidiaries of
American Power & Light Co., Electric Power &
Light Corp. and Na¬
Power
the
as
forecast made
Services Inc.—Weekly Input—
week
of
58,413
Cuban
Texas
1945.—Ed.]
the
with
Act
15th
company's
long
volume
tional
6%
*
Gas
Texas Pwr.
As
<•
the
had
161, p. 309.
—
anticipated requirements.
the
109.
For
1,
Conclusion—Our
Power Co.—Bonds Called—
"adequacy
Securities
March
the
the
to
as
I The
$5.38
In
company's
sinking fund debentures,
hearings were held
officers and directors
the
to
held
the
public
many
Commission
the
$2,010,996
$5.25
—_—
Oregon Light &
Ebasco
charge
at
includes
taxes.
$37,893,545,
lifted Dec. 23, 1944, and trading
resumed on Dec. 27, 1944.
and
pursuant
outstanding refunding and first collateral mortgage 5%
gold bonds, series B, have been called for redemption on July 1, 1945,at
104 and
interest.
Payment will be made at the First Wisconsin
Trust
Co., trustee, 735 North Water St., Milwaukee, Wis.—V. 161,
p.
in
company, said
be considered
coming in
present
panies
statement
ol
was
company
1944,
of
15-year 5%
conformance
Eastern
are
the
Corp.Am. & Foreign Power
Co., Inc.
the Government.
$5,800,000 before
renegotiation proceedings
resulting
transactions
Act
dividends
on
the
ordered
Period End. Dec. 31—.
Interest:
and
stock,
The
the
573,599
$3,073,372
Earned per share of
—V. 161, p. 878.
ferred
2,343,894
expense
Dividend requirements on
counter
5,149,772
2,245,595
income
Balance
1943
5,046,996
5,438,097
—
-
discount
Vice-President
would
Electric Bond & Share
Exchange Commission—Nov. 29, 1944, the SEC issued
an
order suspending trading in the common stock of the
company on
the New York Stock Exchange and
requested suspension in over-the-
4,568,855
depletion—
Interest
Debt
he
suicide
•
orders
through
Cutbacks
months, be said.—V.
United
paid to
1943
renegotiation
taxes, of $3,322,151,
renegotiation,
$15,565,878 $16,233,986
.
profits
excess
committed
re-elected.
of
dividend
Comparative
Jan.
1943
renegotiation
proceedings
were
instituted
pending, but the final results are not now determinable.
The
Associates—Earnings—
12 Months Ended Dec. 31—
Prov.
President, which office
Hedlund
T.
a
were
Secretary
common
Other
Total
elected
was
Prangley,
$30,000,000.
$3,038,976, shown on our balance
for accrued royalties and claims," represents
reserved
made
was
Securities
Eastern Gas & Fuel
elected
was
William
meeting March' 28.
Mr.
is
23
since
Hofmann
probably
Feb.
on
filled
■'
facturing.
common
1944.
Thereafter,
still
566.
p.
par)
preferred
a
amount of
implements should
war
on
estimate
1943
$208,500
1944
$253,900
69,211
18,598
$221,000
railway.-—52,062
oper.
convertible
declared
of $15,000,000,
presently outstanding.
are
"cash
as
used
Ry.—Earnings-
& Pacific
January—
Gross
cumulative
The last quarterly payment of
share was made on Sept. 11,
has
Renegotiation—Company's
Duluth Winnipeg
6%
F.
year
provision not only for 1944 but for several prior years.
Payment of
the royalties has been withheld
by order of the Royalty Adjustment
Board of the Army Air Forces,
pending a decision as to whether some
part of the royalties due the licensor for products of the company
566.
p.
Munn
temporarily
29.' "
a
1942
$304,943
railway---
oper.
ry.
—V.
sheet
1944
railway
John R.
272,000
- v
•
revolving credit
a
$2,500,000
Ry.—Earnings—
1945
from
John R. Munn Becomes President—
127,000
_____
made during the past fiscal
equal to $1 a share of common stock ($1
a
Financing—Under
Morgan
Duluth South Shore & Atlantic
Gross
1944
payments
$545,572,
and
Royalties—Cash
January
1944
December,
paid, or provided for by the company, amount
tcf approximately $2,859,000 for the fiscal year ended Nov. 30, ,1944,
equivalent to $6.24 per share of outstanding common stock.
bonds due 1962 at 105.
Payment
& Co. Incorporated, sink¬
ing fund agent, 23 Wall St., New York, N. Y.—V. 161, p. 566.
made
($5,800,000, less estimated reduction in taxes thereby,
$4,728,000),
$1,072,000; total, $3,025,000. - ^Renegotiation provision for 1943.
$691,000
\/Taxes—Total taxes
-
outstanding first mortgage 3Va%
will be
during that
—
since
*668,082
♦1,249,771
;
$600,000 Bonds Called—
There
Monday, March 5, 1945
:l':
1944
by the board of directors
that payment.
The dividend on the 6'/o cumulative convertible
preferred stock due for the quarter ended Dec. 31, 1944, has not as yet
beeir declared.
$123,065
*846,590
entered
November,
,
.1,825,000
—-j.
par) outstanding.
dividend
common
.
'
,
stock
1942
*833,131
orders
:r:'
741,000
Diviaends—Dividend
amounted
$141,389
the
October,
1,536,000
:
1944
stock ($50
1943
to
Nov.
Ry.—Earnings—
1944
$148,423
*976,192
*1,018,850
1945
apply
-v
1944
outstanding
Duluth Missabe & Iron Range
not
$2,072,000
September,
company."
utility
do
-
June, 1944
July, 1944
and
51c
as
main
.
adviser
his family and for the
is seeking exemption
of
members
Foundation
the
in
month:•
•
investment
as
individually or collectively
vote,
public
any
and
Research
to
power
acted
it
Donner
Cancer
*
*
that
said
month
Engineers in the Savannah
purchase for $3,387,500 the stock held by
for
year
1943
(par $4) of the company filed Feb. 19
be'withdrawn.
The stock has been
SEC will
placed privately as an investment and the
contemplated
purchase group has been dissolved.
The stock is issued
and
in
1942,
the
A
Feb.
outstanding and does not represent
registration
19.
The
statement
shares
are
new
covering the issue was fi'ed
being sold by Emily L. Parker
financing.
with
and
the
St.
SEC
Louis
Volume
Union
Trust
who,
prior
Co.,
trustees
as
such
to
THE COMMERCIAL &
Number 4365
161
the
under
will
92,360
owned
sale,
of
snares
Herbert L. Parker,
of common stock.- v
Listing of Capital Stock—
The
New
shares
Stock Exchange
York
of
capital stock (par
Standing.—V. 161, p. 878.
.
_
which
of
all
.
Engineers Public Service Co.—Contracts to Sell Stock
Donald
C.
President,
Barnes,
been entered
the
as
>
Feb. 24 announced that a contract
and Donner Estates, Inc.,
on
The
acting for and on behalf of International
Foundation
and
of
Wilmington
Trust Co.,
and
Research
Delaware
William
Trust
H.
securities
Co.,
Dcnner
under certain
trusts created by
family, for the sale of all the
Power Co.
owned by Engineers,
trustees
as
members
or
his
of
Electric
Savannah
of
&
preferred or debenture stock, series A,
and
133,146 shares of common stock, under which Engineers would
receive $3,387,500 in cash,
subject to the adjustments provided for
under the terms of the contract.
The sale is subject, among other
namely,
shares
5,500
first
of
things, to the obtaining of the requisite approvals from the SEC
the Georgia Public Service Commission.
-The Engineers company was ordered by the SEC to dispose of
subsidiary in its order of Sept. 16,
Erie
from
Net
ry.
—V.
161, p.
:
of
804,644
after
Net
Net
year
action
The
thirds
of
Earnings
capital
$68,871,
shares..
share
per
For the
$9,526,308
2,913,480
1,462,147
1944
$192,550
61,685
$128,831
241,919
$0.53
$130,865
240,919
$0,54
:
requires
vote.—V.
28
or
for
cents per share, compared with $76,244,
the like quarter of 1944.—V, 161, p. 461.
The
authorized,
of
which
to
company's
charter
and
a
railway
railway—'
income—
oper.
ry.
of
1942
$1,333,483
1,157,75 1
773,309
916,993
671,604
Commission's orders of
1945,
Florida
requiring
Sept.
7,
1943,
by July 14,
Jan.
192,695
1944,
and
160, p.
Provision
1943
1944
$2,927
58,700
$110,989
$66,786
$0.45
$0.27
shares.
$2,927
$0.01
for taxes
increase
an
800,000
President,
said
structure
Net profit after taxes..
Earnings per share on 244,554 shs.
the
For
v
ended Jan.
quarter
of
$56,229.
12
cents
cents
23
or
share.—V.
a
31,
1945,
share,
a
160,
reports a net profit
with $30,150 in 1944, or
compared
on
the New
V.
,
160.
$126,433
65,032
Operation
104,985
195,743
$1,192,011
712,441
96,640
188,190
$28,710
184
74,147
Maintenance
$1,232,156
8,510
24,183
$131,267
revenues
$199,485
17,423
$194,740
15,945
8,156
Taxes
23,223
Net
$25,741
revenues
oper.
Non-oper income
(net).
683
731,943
Gross
$26,424
6,333
$28,893
6,333
$216,908
76,000
$210,685
176,000
income
$20,090
$22,560
charges
208
332
$140,908
2,607
$134,685
3,126
from
Net
from
Net
ry.
—V.
reserve
Gross
Interest
accru,—
income
Net
$19,883
Dividends
p.
$138,302
112,508
$22,228
declared
—V.
161.
possible
15,
possible
Earn,
$131,559
105,890
1945
stock
approved
A.
ment
1944
The
to 1,500,000
disposition of the
the
but
the
Paul
share..
$681,834
1,403,997
$0.48
$0.52
President,
board of directors.
addition
In
his
to
Farnsworth
with
Secretary
as
organization was formed.
duties, he will continue in charge of the com¬
1939,
new
when
the
legal
department.
present
Nicholas also announced the appoint¬
Secretary.—V. 160, p, 2402.
Mr.
Barr as Assistant
Fred A.
ment of
Fashion-Craft Mfrs., Ltd.—Notes Offered—An issue of
$600,000 1st mortgage (4-4y2%) notes (reimbursable in
series in 1 to 14 years) was recently, offered in the Cana¬
dian market by Interprovincial Credit Ltd., Montreal, at
Dated
and
Dec.
1,
$150,000
$450,000
1944,
the
notes
maturing
4J/2%
are
Principal and
of
Maturing Dec.
4%
are
maturing
interest
(June
1
1,
from
1945, to Dec. 1,
Dec.
from
1,
Of the
1958.
Dec.
to
1,
1951,
1951, to Dec. 1, 1943.
payable at all branches
Dec.
and Dec.
1945,
1,
1)
company's bank in Montreal, Quebec and Victoriaville.
Coupon
denominations of $100, $500 and $1,000, with provision for
in
registration as to principal only.
Redeemable in v/hole or in part, at
the company's option, on any interest payment date, upon at least
60
days' previous notice, at the price of $102 up to and including
maturity, at $101, with accrued
interest in each case.
Trustee, Sun Trust. Ltd., Montreal.
In the opinion of counsel, these notes constitute a legal investment
for insurance companies, registered under the Canadian and British
Insurance Companies Act
(1932) and amendments.
Dec.
1950,
1,
and
31
the
declared
29.
and
Federal Mining
The
directors
on
Smelting Co.—75-Cent Dividend—
&
Feb.
19
declared
dividend
a
of
75 cents
per
share
to holders of record
March 1.
Payments in 1944 were as follows: March 20, June 20 and
Sept. 20, 50 cents each; and Dec. 20, $2.—V. 160, p. 2295.
the
common
stock,
par
payable March
$2,
Terry
President
Trippe,
and
General
—
New Director,
of
Manager
Airways System, has been elected a director.
William M. Temmink has been elected a Vice-President,
the
Pan-
American
Wright
Shaw
an
as
The
Morrison,
weeks
Harry
1943
stock
"
directors
$673,021"
$981,574
535,391
434,515
Feb.
31,
211,755.
148,061
will
dividend
a
of
25
ex-dividend
sell
cents
50
April
payable
declared
21
share on the capital stock,
March
1.
-
Payments
161,
the
adoption
of
a
the
fifth
,
of
Feb.
on
increased
21
the
capital stock
from
$3,-
$15,000,000, consisting of 1,500,000 shares of the par value
of
$10 per share, instead of
increase has been approved
the State of New
York.
$2.50 per share, as heretofore, and such
by the Superintendent of Insurance of
„
-
,
■
,
exchanged, share for
share, for certificates of stock of the new par value of $10 per share,/
Present, certificates
at
the
way,
Central
of
Hanover
New York, N. Y.
capital
Bank
&
stock
may
be
Trust Co., transfer agent,
70 Broad¬
The exchange is not obligatory.—V. 161, p. 461.
stated
30,
G. Chemie."
i.e.,
-
,
.005 -share
50%
of
paid
Feb.
on
last
for
the
fiscal
Bread
year
the
continues
to
be
the
company's
year.
Income Statement
>
52 Weeks Ended
Dec. 25, '43 Dec. 26, '42 Dec. 27, '41
$70,055,879 $61,741,708 $50,809,198 $42,067,39145,190,591
39,085,206
30,899,619
24,981,144
sold
$4,812,348
holders
to
\ :15,760,717
18,230,071
$4,426,431
for
19,978
12,688
$4,832,326
$4,439,119
$4,152,434
$1,806,02$
*2,210,000
1,615,000
630,000
500,000
250,000
$2,287,434
$1,176,025
-680,744
$1,729,119
680,744
683,804
941,877
941,877
947,218
690,284:
710,414
$0.71
—
est.
Fed.
for
conting...
$0.66
$1.01
$0.31
$1,805,761
264
inc.
*3,040,000
of
Profit
record
for
Preferred
Canada, on
Common
Earns,
the
cash
•
J
—
$1,792,326
year__
divs.—
•
dividends
per
share-
com.
»:
includes
excess profits taxes of $1,800,000 in
1944 and $855,000 in
(after post-war refund of $179,000 and $95,000 respectively).
1943
Comparative Balance Sheet
.
Assets—
U.
1
S.
____
Treasury notes,
Trade
at cost
receivable
$7,340,229
1,405,000
;
2,465,000
1,356,660
„
.
15,214,117
—
15,629,666
322,741
_
etc.__.
352,071
1
refund of Fed/excess profits
Total
1,274,702%
4,202,182
4,276,466
,
names,
Post-war
'
Dec. 25, '43'
$7,613,335
_
tProperty, plant and equipment
Deferred charges
as
:
Dec. 30, '44
,
Accounts
were
15,280,486
$4,148,862
%
3,572
income™
income
Provision
—
(less return
Inventories
year
sales
net
$70,056,000 as compared
of 52' weeks.
This
increase since 1939, when net
were
fiscal
yearly
$39,047,000.
that
1944,
20,052,940
quarterly dividend of 22 cents
the
class
value
—V.
160,
will
authorized
stock
A
vote
March
capitalization
to
14
shares
300,000
on
from
—____
j,
274,000
tax
95,000
$31,522,320 $30,298,853
—
of $1
Accts.
par
pay., accru. payrolls & other accr. exps.
Accrued taxes (other than Fed. income taxes)-
proposal to
of no par
value common stock.
approving
a
Dividend
shares
300,000
Gair
for
'
ties
At
the
annual
asked
to
trust
eral
made
for
for
Co.,
the
an
fund
issue of $5,000,000
bonds, due 1961,
immediate
sale
of
at
first mortgage and collat¬
Arrangements have been
The directors
one
have
conditions.
plan of recapitalization under which,
under certain
year
approved a
up to
March 26, 1945, the holders of $2,272,150 income notes may
exchange them for stock of the company on the basis of five shares
of 6% preferred stock and five shares of common stock for each $100
value of the notes.
par
Consolidated Earnings
for
Years
1943
1944
Provision
taxes
Federal
for
income
&
$2,921,398
:«
—
profit
Earnings per
—V.
161,
2,005,298
share
2,177,318
$916,100
$0.61
-
—
common
$3,241,804
profits
excess
$1,064,486
$0.74
310.
p.
_
tAfter
$15,059,618
in
An
f90,775
quarterly dividend of 25 cents per share has been declared on the
stock, par $5, payable March 15 to holders of record March 5.
quarter during 1944 the company paid a regular dividend of
121/2 cents per share and an extra of 12J/2 cents per share.—V. 160,
Payable in
dividend
a
common
writing to
1945,
shall
his
be
stock
A
the
the
cents
per
share on
the corporation
treasurer of
50 %
paid
on
stock of
A.
G.
(I.
G.
Chemie),
share
common
B
on
ten-year
a
to
the
(2)
deducting proportionate amounts of
period for Federal tax purposes.
not
for
reserve
estimated
common
each share
I.
G.
common
shall
Switzerland,
shall
be
stock of I. G.
of common
Chemie
and
B stock,
.0015 share
Chemie, and in lieu of 10
.0005 share of the fully paid-
of the 50%
paid common stock
G. Chemie.
of
to
such
A
total
cost
payment
of
I. G. Chemie
such fractions
are
will
not
be
of
cost
on
past service
annuities.
income would have been approxi¬
$36,000
been
for
and
greater in 1944 and $400,000 greater in 1943 had it
losses on sales of idle properties charged to the reserve
for
forward
Provision
$1,347,140
in
General
unused
an
and
for
1944
used
of
the
$1,425,598
profits
year
and
in
credit
1943.
for
loss
1943.—V.
from
on
a
pridr
retirements
160, p.
1967.
/
year
was
V
Bottlers, Inc., Chicago—Merger Approved—
on
Peerless
Peerless common
Feb.
27
Bottlers,
Bottlers, Inc.,
and
excess
in
depreciation
and
stockholders
General
Iowa
net
Provisions for Federal taxes
mately
stock
signify in
not later than March 19,
Basle,
As fractional shares of common stock
available, stockholders otherwise entitled
v
the
who
per
in lieu of $1 on each share of common A stock .005 share of
fully paid common stock of I. G. Chemie and .015 shares of the.
cents
of I.
10
$1
election to take, in lieu of the cash dividend to which he
entitled, stock of Internationale Gesellschaft fuer Chernlsche
Unternehmungen
paid
and
of
value.
par
was
made from earned
the estimated net cost of past
from
result
gives the
declared
19
no
(approximately one-fifth of the total cost) was made during
the year
1944 and charged to the reserve.
A reduction in Federal
excess profits tax of $189,000
applicable to the year 1944 as thd result
of such payment, has not been deducted in
the provision for Federal
taxes charged to income of the current
year but has been credited
of
Stock—
Feb.
of
$1,150,000
cover
cost
company
on
to
annuities
net
The
directors
of
will
2542.
or
$31,522,320 $30,298,853
$75,000 in 1944 and $70,000
6f $15,854,845 in 1944 and
under the
retirement plan
adopted July 1, 1944.
has been computed by deducting from a total cost of
the estimated reduction in Federal taxes on income' which
each
The
shares
reserve
Dr880,000
$2,300,000,
The
carried
A
General Aniline & Film Corp.—Dividends
a
-
______
of
depreciation
appropriation
surplus during 1944 for
service
for
7,973,995
8,485,937
Dr880,000
7,505,642
doubtful accounts
1943.
Notes—(1)
.
for
reserves
750,000
9,077,500
9,077,500
__
1—
reserve
(3)
p.
750,000
stock—
7,973,995
surplus
therefor
Gaylord Container Corp.—25-Cent Dividend—
In
893,375
preferred
($5 par)—
1943.
235,470
$445,625
Ended Dec. 31
—L
income before taxes
Net
stock
*After
In
over
,
non-callable
Total
of
2,366,447
past service annui-
Capital stock reacquired and held in treasury.
the
time within
any
cost of
648,323
3,164,923
taxes.
plan
contingencies
for
Earned
these bonds to provide
contemplated redemption on April 1, 1945, at 105 and
interest, of the $3,305,300 6% income notes due 1972.
Arrangements
have also been made for the sale of the remaining $2,000,000 bonds
$3,000,000
net
Federal Income
$1,641,181
500,583
235,470
retirement
cumulative
Common
1945, stockholders will
meeting to be held March ^22,
approve
sinking
f$8
est.
under
$2,300,832
stock—
common
Reserve
Inc.—Refunding Proposed—Ex¬
change Offer Made to Holders of 6% Income Notes—
Earnings—
be
on
for estimated
Reserve
(Robert)
payable
Reserve
2542.
p.
the
stockholders
I.
exercised,
Dec. 30, '44
payable March 15 to holders of
a
par $2,
payable March 29 to holders of record Feb. 26.
Pursuant
to
the resolution,
any stockholder
The
Swiss
share for
per
in Montreal,
by the board of directors.—V. 161, p. 566.
750,000 to
be
preceding
consecutive
to
during
goods
Total
35-cent
a
annuity plan for the company's officers and employees as recommended
Fidelity-Phenix Fire Insurance Co. of New York—Par
of Shares Increased to $10 per Share—
on
stock
francs bid
although sales of cake, sweet rolls, and specialty items
Miscellaneous
566.
p.
stockholders
The
change
retirement
Value
that
310 Swiss
paid
Liabilities—
Cash
ratified
20
160
50%
Chemie plus .015 share of
for each $1 of dividend are
Dec.
the
222,223
269,505
/
■';%
Feb:
on
advice
were
the
G.
Profit
1942
Gabriel Co.—To Change Capitalization—
Y.
Secretaries,
on
I.
President,
ended
for
and allow.)
follows:
April 15,
July 15 and Oct. 16, 22 cents each, and Dec. 23, 54 cents.
It
was
announced
that beginning with the current payment it is
expected that quarterly dividends will be paid in March, June, Septem¬
ber and December instead of April, July, October and December, as
Assistant Treasurer, and Edward J. Gorman and William E,
Assistant
stockholders
right may
expenses
20
Fidelity & Deposit Co. of Maryland
unpaid,
Switzerland,
566.
p.
common
Juan
cable
stock
been
now
Exchange
161,
amounted
Cost
*
Net
on
L.
53
Gross sales
quarterly dividend,
thus
per annum basis, this having
been
the first payment on a common stock of this company sinceOct. 1, 1929.
Subsequent dividends have been at the same rate until
the current declaration.—V. 160, p, 2071,
7%
per
Chemie
G.
53 Weeks
before
thereafter,
Zurich,
for
and
francs
Consolidated
$1,242,070
'
116,115
July 25, 1944, the company paid
establishing dividends on a $1.40
funds
100 and interest.
issue
the
Period—
1944
249,025
'
March
ended
I.
I. G. Chemie
somewhat.
asked prices (converted to dollars at the official rate>
the said stock on the Zurich Stock
$61,742,000
Prov.
have
of
which has
the
present dividend in stock of
stock of
461.
p.
-
pany's
all of
on
asked,
Swiss
of
of
1945.—V.
increased
capital
566.
quarter
On
that
announced
22
Mr. Martin has been
since
Counsel
and
class
of
Ry.—Earnings-
$1,191,252
•
income—
heretofore.—V.
Feb.
on
traded
francs
250
which
stock
each
sales
Davies,
L.
company's
-
railway—
p.
March
the appoint¬
Edwin
M. Martin
as
Vice-President
and Secretary of the
had been confirmed at the regular February meeting of the
of
at
common
major product,
was
1945
directors
record
$741,854
1,411,997
rengotiation..
Nicholas,
company
take their
rates
marked
700,000
to
in
28
*
New Vice-President—
E.
Swiss
deducting
year
Feb.
on
from
changes
/
railway
161,
The
•
outstanding
per
320
in excess of the
Fundamental Investors, Inc.—22-Cent Dividend— ;
for
is
The corporation has received
the quotations for the fully paid
Cash
Net profit after estimated taxes and reserve
Chemie
G.
taxes
Farnsworth Television & Radio Corp.—Earnings—
Shares
to
common
of
566.
9 Months Ended Jan. 31—
investment
another
The
admitted to listing and registration
Exchange at the opening of business Feb. 19.—
(par $1)
;
oper.
March
Retire,
after
above
Fraser Companies, Ltd.—Increase in Dividend—
,
Balance
principal
of common B stock,
Property Custodian.
I.
with
held
forthcoming as
shares authorized,
Fort Worth & Denver City
January—
Operating
meeting
1945—12 Mos.—1944
1945—Month—1944
1940.
General Baking Co.—Annual Report—
was
of
York Curb
1079.
p.
the
Deliv., sell., adv. & adm.
Fall River Gas Works Co.—Income Statement—
Period End. Jan. 31—
annual
common
details
The common- stock
a
& Film Corp.
Such Investment is claimed by
comprised 455,624 shares of common A stock
have
shares
and
fully- paid
2542.
"be considered in the next 30 days.—V. 161,
may
of
step in disposing of the corporation's sole European *
investment," George W. Burpee.(^President, said "the directors have
again determined to grant the stockholders, who already have art
Indirect ownership in> this investment, the option to
acquire the direct
ownership of a part thereof by the exercise of the right described
Fort Pitt Brewing Co.—Listed—
company
2542.
p.
the
at
announcement
additional
sub¬
a
payment
165 Swiss francs asked.
"As
.
the authorized common
in
No
that
Aniline
of
1945,
bid
George
$94,601
27,815
$169,689
_
the
Corp.—To Acquire Gas Properties—
See Florida Power Corp.
stockholders
to
Exchange.
15,
and
Jan.
stated
the Alien
stock
were,
Properties—
11,
1945.—V.
Prior
1,
to
2,050,000
15,
Florida Utilities
The
1945
before taxes..
report
General
Stock
divest itself of certain specified assets, in¬
to
after its organization had
Chemie.
stock
Chemie
The
a
cluding the gas properties,
G.
Chemie,
vested in
subsidiary of General Gas & Electric Corp.,
applied to the SEC for authority to sell for a base price of $1,210,000
all of its real estate,
physical facilities, rights, privileges and local
franchises relating to the manufacture, distribution and transmission
of gas in the Cities of Orlando, Winter Park, Sanford, Orange City,
Maitland and Deland, all in the State of Florida, to Florida Utilities
Corp.
The proposed sale is for the purpose of effecting compliance withthe
I.
of
in
G.
317,113
Florida Power Corp.—To Sell Certain
Exchange Buffet Co.—Earnings—
Period Ended Jan. 31—
G.
and
1943
$2,504,573
Food Machinery Corp.-^-Stock Increased—
Net profit
I.
common
I.
1944
^
,
in
company
as disclosed
by its annual report for the year
Is the most recent report received
by the corporation.
consists
Feb.
corporation,
1945, the stockholder
his dividend in stock
so that the investment of the corporation presently
56,300 shares of fully paid and 11,412 shares of 50% paid
of I. G. Chemie which, on the basis of the
report re¬
ferred to above, represents 31.8% of the common stock
capital of that
company (see V. 160, p. 1735).
•
161, p. 878.
The
;;
19,
receive
payment of a dividend on Dec.
1, 1944, the corporation dis¬
tributed to stockholders 17,188 shares of the 50%
paid common stock
two-
$3,076,006
1,539,917
to
In
This
1,275,526
desires
1944, this investment consisted of 56,300 shares
paid and 28,600 shares of 50%
paid common stock which
constituted 36.2%
of the paid-in common stock
capital of
fully
together
Ry.—Earnings—
1945
$3,001,459
•
;
from
from
Dec.
on
of
75,000
only
he
cash.
investment
dividend
which
in
that
corporation has since shortly
stantial
that
stock be
treasurer
entitled
is
"
cents
32
or
I. G.
was
January—
March
on
Chemie, the corporation will pay the full dividend to which he
24, 1945.
.
Florida East Coast
the close of business
the
767.
p.
quarter ended Jan. 31, 1945. company reports a net profit of
share
March
The proceeds would be used for redempcumulative preferred and outstanding 15ba.ance to be added
to
working capital.
amendments
161,
$80 per share of fully paid
paid common stock of I. G.
•*
advises
francs
1945
profits taxes-(net)_
excess
profit
Number
per
and
meeting
by
rate of
$40 per share of 50%
•
Unless
Tile-Tex Corp.
have, voted. to recommend .to. stockholders at the
to be held March 28 tnat an issue of 100,000 shares
outstanding $4.50
3"
debentures, the
—V,
$541,647
412,816
expenses...,
income
Federal
directors
and
of
close of business
of
Net
Co.—Earnings—
6 Months Ended Jan. 31—
the
of
as
cumulative preferred
presently to be issued,
tion
this
566.
Eureka Vacuum Cleaner
of
York Stock
$4
are
1942
4,425,575
1,635,305
3.750,650
1,234,459
2,405,501
income
stock
Chemie.
underwriting.
no
-
?
/
1943
v
$11,861,218 $12,904,467 $11,681,967
railway
railway
oper.
par)
stock
outstanding
22
Preferred Issue Proposed—
The
Gross
■
1944
1945
from
Gross
Net
the
.
Feb.
(no
company stated that it has been advised that shares issued to
of Tile-Tex under the exchange agreement may be sold
annual
and
1942.—V. 161, p. 309.
RR.—Earnings—
January—
stock
common
exchange, for all
be
be effected
Net
•
of
Exchange at prevailing market
prices.
Should the shares be sold otherwise, the company said that a
post-effective amendment will be filed.
The exchange of stock is to
representative of and
Cancer
in
will
with the SEC,
which it proposes-
registration statement
a
shares
by the holders on the New
this company
between
into
offer
to
filed
62,800
stockholders
„
of Savannah, Subsidiary—
has
paid in cash in lieu thereof at the
Co.—Registers Common Shares—
company
There
issued and out-
are
985
common
The
covering
the listing of 400,000.
has authorized
$5),
Flintkote
FINANCIAL CHRONICLE
common
stock held.
consolidated company
Missouri.
approved
a
merger
with
and into
this
Inc., on the basis of one shtere of
stock in exchange for each 2Vi shares
This consolidation, it was announced,
four major bottling plants in Illinois,
f
'.
Annual
Report for 1944—A. Hardgrave, President, in
company's annual report on Feb. 6 said, in pairt, as
follows:
*
%
the
Consolidated
net income for the year ended Dec. 31, 1944, amounted
after all charges, including Federal income taxes. i After
payment of preferred stock dividends for the year amounting- to
$27,234 the balance
accruing to the common shares amounted to
$78,787, or 71.4 cents per share on the 110,390 shares outstanding on-
to
$106,021
the
Dee.
31,
For the previous year the net income, after Federal
preferred stock dividends, amounted to 94 cents per share on
1944.
taxes and
98,040 shares of common stock outtsandlng on Dec. 31, 1943;
Case sales of beverages by the company's subsidiaries, nameljy,
Pepsi-Cola
Bottling
Co. > of
The
Chicago/and Spring; Field: Bottlers* Inc.,
& FINANCIAL CHRONICLE
THE COMMERCIAL
986
being
1944
ended
an
April 6.
on
18,000
no-par value common stock, payable April 25 to
March 9.
Previously, the company paid regular divi¬
quarter.
dividend, Charles E.
stock on a $1.60
share annual basis.
Since earnings of the company last year, he
continued, exceeded $1.60 per common share "it was perfectly reason¬
per
able
to
pass
going
are
the increase to stockholders."
hopeful that the 1944 rate
on
Wilson
Mr.
maintained
of
was
the
in
along
current
He
year.
the
said
would
earnings
"Net
basis
same
in
as
Reference
the
In
made
was
10,000 shares
report to the sale of
1943
the
of
at
company
a
Purchase
The
resolution
to
the board
of
Chicago its 600 shares of 7%
preferred stock out¬
standing were called for redemption at par and accrued dividends
on Jan
20
1943.
On that date 408'a shaies oi this stock were out-,
standing in the hands of the public.
Th* company has since pur¬
chased at par 600 shares of new $100 par value 5% preferred stock
of
the
on
31
Dec.
its
in
Selling,
trative
Net
1942
$2,969,775
2,408,709
363,078
Definitive
Other income
Guaranty
15,661
normal
Federal
$220,707
of
4,646
while
Co.,
149
Broadway,
York,
New
Y.—V.
N.
Florida
Period—
r---
-Week End. Feb. 21—
1945
Operating
1944
844,275
revenues
$48,050
1945
161,
1945
Deprev.
y
___
67,400
Divs.
on
tain
$293,464
If
United
under
the
1945—12 Mos.—1.944
solidated
Balance
the
for
income
$106,021
$144,002
329,593
229,504
$527,867
$449,094
$373,506
beginning of the year..
at
Total
—
dividends
Preferred
$119,501
421,846
year
paid
(55
1,066,869
11,166,436
12,850,167
COO,000
296,126
303,082
3,608,188
3,800,563
$408,234
$399,892
$4,877,149
$5,998,885
223,005
223,005
2,676,064
2,676,064
161,
$185,22.9
567.
p.
$2,201,085*
$176,887
$3,322,821
of
paid
<20
share)
a
Net
emits
27,291
27,248
27,234
dividends
from
ry.
—V.
1942
$319,103
266,166
79,963
tributed
59,080
88,338
36,025
567.
p.
'After
The
post-war credit of $3,240 in 1943 and $27,700 in
carryback credit, aiter reduction of post-war credit of
Surplus Account
The
the
1°44
Balance
Jan.
at
1__„_
Additions—Excess
sale
of
of
oi
stock
stock,
the
into
126,800
end
at
$775,652
accrued
is
■K
share.
$105
(at cost,
doubtful
for
Federal
leceivables
profits
lor
will and
of
tax
plant,
$2,500), $47,659;
(estimatedi,
credit against
refund
and
31,
1914
the
indebted¬
of
bonds
at
refund
receivable
reserve
value
of
$25,975),
(trade
creditors),
ferred
1948,
stock
earned
of
stock
common
$13,000;
minority
stockholders'
interest
about
$1,793,161,—V.
155,
50
to
Federal
4%
net
and
sales.
This
also
profits
taxes,
$8.75
to
excess
l'rom
U.
S.
share
per
in
of
1943
cents
share
per
on
Annual
—
of
expenses
dropped
Consolidated
(&
Income
Account
for
Calendar
credit
in
$875,000
stock.
To
and
$1,669,132.
indebtedness
1944
Net
profit
taxes.._____*_
after
paid
$173,294
159,682
159,885
Balance
surplus
$22,478
Consolidated
Assets—Cash
Balance
Sheet
As
of
will
a
31,
excess-profits
of
and
receivables
equipment,
$489,837),
and
$70,621;
advances,
$7,424;
for
income
$100,000;
Other
accounts
which
total
pay
is
tax.
excess-profits taxes,
social security and withholding
taxes, $30,070; sundry pay¬
and deposits,
$9,886; accrued liabilities, $35,954; capital stock
(par $5), $732,500; paid in surplus, $204,183; earned
surplus, $310,674;
cost of stock
held in
treasury (27,917 shares), Dr$72,656; total, $1,699,176,—V. 158, p. 2252.
'
**
General Electric
v
'
'
'«
•'
*
*
'
after
Post-war
'Net
Earnings
'.1944
for
avai able
per
common
results
ol
purposes
tion
for
that
Shipments
for
the
more
for
share
customers
successive
The
year,
1944
fewjer emp.oyeesj on the average,
before provision for Federal
greater
grea er,
in
loid
l.,44
the
in
1944
to
production
than
in
1943,
same
percentage
but
of
its
.
u
'a
C00 resulted
ties
at
There
the
t
from
close
were
$1,353,000,000,
and
as
a
of
from
in
change
in
sales
basis of valuation
2'Jo
basis
that
company
of
any
has
the
the
refund
requested
Ended
Nov.
for
was
From
of
marketable
$2,978,384
2,109,688
1941
*
424,112
353.487
412,177
$723,471
$838,899
41,655
25,802
earlier ^ nUmber and an increase of 2'^
$765,126/
9,253'
»
478,976
$389,719
33^88
.
$864,701
$423,307
till,564
> 5,815
129,643
•
54,848
56,675
31
securi¬
1944
a
over the number a year
wi.l
of
excess
be
the
of
$3,000,005-; pro¬
participation by
any
its subsidiaries
and
in
company
in
any
of
excess
distributed
basis:
the partici¬
participant in • the
among
Each
be
paid
officers
to
computed
the
on
and
employees
basis
of
United
>
,
of
as
Jan.
1,
1945.—V.
160,
2295:
p.
RR.—Earnings—
1944
1942
1943
$3,001,000
$2,809,000
$2,389,000
788.425
890.276
457.839
446,601
4yG.8j7
697,507
244,814
Inc.^—10-Cent Dividend—
dividend
a
payable
of
10
March
paid
was
in
cents
31
each
share on
per
holders
to
oi'
the
record
during
quarter
will
d.sbursed
oniv
to
capital stock.—V.
160,
p!
Utilities
ho dais
of
t
Amer¬
Plan
with
ore.
1234.
Co.—Files
Amended
the
will
its
Co.
in
holders
which
from
29.842%
the
which
1942,
to
first
with
Sept.
of the common
cash
in
Ohio
Gas,
and
payment
Lakes
Great
1,
summarized
$308,588
complete
of
May
be
may
distribute
subsidiaries,
principal amount of
distributed
Lakes
a
proposed
of
Gas
the
thereon
lien
fellows:
as
70.158%
and
Light & Ccke
satisfaction of
collateral
of
Co.
.
trust
the
gold
unpaid accumulated inter¬
$526,273.
stock of Ohio and Rochelle will
30,
1244,
aggregates
the holders of
the 150,780 outstanding shares of-Great
by voting trust certificates). Under
allocation each bondholder of Great Lakes in exchange
amounting to $376.79 per bond as of Sept. 30, 1944, will
to
stock
common
(represented
proposed
for
claim
a
$193
receive
Lakes'
share
of
the
and
the
shares
16
stock
capital
stock
common
of
stock
cash
in
shares
eight
wi.l
capital
stock
of
of
of
receive
for
Ohio
the capital stock of Ohio and
Rochelle; the holders of Great
each
and
share
.03572
of
stock
such
.07143
the
capital
of
shares
Rochelle.
of
Prior
the distribution
to
the
the
of
stock
Rochelle,
of
but after
ob¬
approval of the Illinois Commerce Commission,
the properties of Paxton Gas Co., a subsidiary
of Great Lakes, on the basis of the estimated original cost thereof,
and
will acquire the
current assets (except cash) of Paxton, which
will thereupon be dissolved; Rochelle will amend its articLs of incorpo¬
express
will
reclassify its outstanding 600 shares ($100 par) capital stock
into
taxes---con-
875,000
507,000
407,000
145,000
•
100,000
50,000
18,045 shares
credit
$142,198
$166,495
$217,644
17,664
21,446
22,545
35,540
50,000
50,000
50,000
15,000
__
.
of
ness
and
post-war
refund,
1
.
Condensed
(-Including
Balance
$106,756
war
Sheet
work
special
in¬
during 1942."
1943
._
J
_r___
_
___
Ohio
will
and
issue
Co.
of
Sept.
of
1944.
30,
stock
the
sell
of
Ohio,
after
but
ob¬
the
at
the Ohio Public Utilities Commission,
private sale to Massachusetts Mutual Life
at
principal
thereof
amount
dated Aug.
series A 4%
1.
$325,000
1944,
of
20-year
will amend
and
incorporation to reclassify its outstanding 1,901 shares of
capital stock into 36,090 shares of capital stock (par $10)
its property account at original cost as estimated
The proceeds from such sale will
be trans¬
par)
will
the
ferred
as
distribution
mortgage bonds,
($100
and
both
the
to
the express approval of
its articles of
reclassify
management.
to
Lakes
Great
debtedness
Great
to
will
Lakes
in
of
payment
Lakes
contribute
the
to
equal
an
Ohio's
on
amount
of
Ohio's
in¬
first
capital
mortgage 6%
bonds and
of Ohio all of the remain¬
ing indebtedness owed by Ohio to Great Lakes, amounted to $1,474,640
as
of Sept. 30.
1944. '
$3,123,293
223,455
425,023
(net)
4,014
charges
-
18.325
,
138,878
456,458
-
(4)
ing
Lakes
4,659
11,094
(5)
will
Following
cash,
if
will
the distribution,
any,
to Ohio and
dissolved.
be
Distribution
be
made
upon
of
cash
as
and
surrender
of
Liabilities—•
Current
'
Preferred
post-war conversion and
stock
stock
$2,151,451
order to enforce and carry out
200,000
100.000
252,350
302,150
500.000
500,000
(6)
-
__
for
$3,736,382
certificates for common stock to
by G^eat Lakes.
$2,198,017
-
_____•
rehabilita.
844.128
682,781
$3,994,495
$3,736,382
ed
As
plan,
soon
Great
as
practicable
Lakes
will
Lakes will donate its remain¬
Great
soon
as
practicable
thereafter Great
,
$3,994,495
Total
the
new
Great
a
stocks
Lakes'
of
Ohio
bonds
and
and
Rochelle
voting
trust
distributing agent to be- designated
after
the
issuance
by
the
court
of
an
the terms and provisions of the amend¬
notify
the holders of
its
bonds
and
voting
trust certificates that the rights of the holders thereof cease to exist
except that thereafter the holders thereof shall be entitled, upon sur¬
render of such bonds and voting trust certificates, to receive the cash
and/or
Total
its prop¬
.
Deferred
Surplus
1944
cash,
in
Prior
Great
30
$3,323,678
'
r
___
assets
Reserve
Nov,
will reclassify
capital stock and
par)
$187,843 owed by Paxton to Great Lakes (assumed by Rochelle)
$9,145
taining
by
for
($10
accounts at original cost as estimated by the management.
Ro¬
chelle will also receive a capital contribution from Great I.akes in the
total amount of $196,988 as of Sept. 30, 1944, consisting of indebted¬
Insurance
50,000
$221,024
___.
dividends
to
acquire
erty
(3)
(net)
Common
Dec
to
Rochelle
1242
«
was
volume.
its sub¬
be dis¬
and
equal to that proportion of the fund
annual remuneration from the company
than payments made under the profit-
declared
Lakes
Rochelle
and
&
dividends
Other
post-war
8%
only '5rk
be
remuneration
amount
Great
taining
30
3,638,719
62,274
Comparative
Patents
1944.
within
$4,889,795
rehabilita.
Fixed
5%
approximately $3,500,-
company on
&
Assets—
income of $17,123,000 in
than in 1943, of which
234.732 stockholders of the
Adjustment'
that " excessive
the
on
appear
Years
53,682-----
Current
year.
income
sales
by
in
there
profits
following
slock,
transactions
be
1943
$1,311,980
Fed.- inc.
a
level
or
made
was
preceding
income
income
increase
and
not
ventory adjustment resulting from conversion to
renegotia¬
record
sha.l
company
shall
effective
Inc.,
capital stock
oi
that
so
like
(1)
the
1943,
69,095
Surplus
$1.56
after
new
ih°nthe company's total
than in
Sal/LS the coml)any
nnn
a
record
the
on
and
$1,242,885
post-war
Preferred
"Alter
at
were
amounting
taxes
for
44 923 000
renegotiation
the
in
excess,
amount
692.167
The
the
first
6
to
1943,
in
Prov.
Common
those
the
company
the
.
est
4.128,106
profit
profits
version
year.
billed
excess
1943
$1.76
for
are
of
then
$3,051,000
Lakes
bonds;
Price
advised
1942
However*,
1944
amortiz
for
5,323.000
...
be
thh t'i*. i 'end
claims
$5,205,065
income
"Prov.
*
/,
The
capital
A
to
8,446,732
sold
& adm. exp._
&
50,846,000
____
15.
In.
usual.
Statement
deductions
7,123.000
dividends....
Income
income
Deprec.
$57,969,000 $50,246,000
are
after specific provision
comparison the 1943 figures
fourth
than
•'
1944
charges and taxes....:.—
adjustments and contingencies.
income
as
the
income.__
par
cash.
$10,113,729
gods
Total
Other
Co.—Preliminary Earnings—1
Calendar Years—
Net
does
$2,-
463.
p.
increased
in
were
and
ables
'
it
1944.
year
profits
has
years
amended,
as
years
con¬
exceed
ration
of
Sell., gen.
$277,943;
1
the
sales
Cost
Operating
(unsecured),
Federal
for
the
the
however,
then the amount to
10%
of the first $2,^
the
of
1945
a
post-war
1944
been*requested bv the
The
year.
Commission
528
these
V
Net
post-war
$1,699,176.
payable—bank
required
fiscal
during
Law
of
Comparative
prepaid expenses, $39,680; ma¬
building, etc. (after reserve for depre¬
total,
Public
profit
each
Maritime
notes,
$32,132;
land,
$204,837;
Liabilities—Notes
(trade),
tax,
S.
of
realized
renegotiation of«1944
1944
inventories,
miscellaneous
refund
v
of
end
If,
subsidiaries
*lxfa %
and
year,
profits
net
subsidiary
directors have
(2)
Dec.
on
$365,331;
be
U.
not
were
meaning
$1.46
hand and in banks, $186,780; U. S. bonds and
trade accounts receivable (less reserve), $631,399;
payable
the
of
proiits
$13,612
$1.54
...
share
per
$231,592;
Board
allowable
Earnings
chinery
ciation,
1943
$182,363.
___;
......—
the
at
cer¬
hearing for March 8 to consider the amended
plan filed by the company, covering various transactions designed to
complete the liquidation and dissolution of the company.
...
has
contracts
war
for
amount
railway
Industries,
.
after
to
.
corporation
Dividends
on
net
event
no
011
an
The SEC has ordered
in
surpassing- all
profits before and after
Renegotiation
»
Renegotiation of profits
Years
in
and its
,
The remaining
■>
.
Subs.)—Earnings—
the plan.
SEC—
from
1944 the corporation held $800.,000
indebtedness
the holdings in certificates-of
stockholders will
established
its subsidiaries.
Re¬
resulted
in
common
ol Nov. 30,
as
certificates
December
$507,000
the
be
and
1944.,
Perron:
who still hold common sto-'k of Connecticut Telephone &
Electric Corp.
should
present
the certificates therefor promptly to
Th • Rcgi .a ar & Transfer Co.,
15 Exchange Place, Jersey Cit', N. J.,
lor exchange into shares of capita! stock of Great American Industries,
nearly double the previous
were
administrative
sales but
in
in
in any year,
Great American Industries,
March
r
income
obligations of $995,686
of
and
of
not only
increased
equivalent
pre¬
only
records,
of $10,113,729
general
The
:
and
first $2,000,000 of such consolidated net
$1,000,000 of such consolidated net profits,
her
oper.
161,
lO-cent
$1,000,000.
General Candy Corp.
ry.
The
:
.
,
-
refund,
1511.
p.
7%
previous
subsidiary, $40,850; preferred stock ($1 par), $49,513;
($1 par), $110,390; paid-in surplus, $775,652;
total,
of
Corp., Kokomo, Ind.
sales
net
selling,
taxes.
authorized
surplus, $500,633;
while
rubber
Ky.,
the
railway
Great
Consolidated
year,
accrued
!'/>•
in
1969.
p.
plan
receive
plan shall
Net
port—
(oilier
and
160,
Louisville,
a
par,
payable March 20 to holders of record
of
40
cents
per share
were
mad? in each
1944.—V.
iioiger
■
dividend
a
of
determined
so
or
from
—V.
point
$100
be
'
declared
no
and
company and its subsidiaries,
(but after Canadian taxes on
profits
any
employees of the
Canadian
from
preferred stock
the $6
price of
net
in
consolidated
Inc.,
v/ages,
1947
will
463.
p.
proiits
net
next
that
the
ican
$27,216;
$90,871;
one-half
Co.—Larger Dividend Declared—
Globe-American
(after depreciation), $1,173,629; good¬
prepaid expenses, $18,867; total, $1,793,161.
payable
have
stock,
call
161,
in
participants shall be
dollars.
Gross
ac-'
and
share
a
declining
the call price
t
Distributions
quarter during
than Federal taxes on Income), $22,289; accrued salaries
$4,336; interest accrued, $54; accrued Federal income taxes,
$58,750; customers' deposits en bottles and cases, $127,223; mortgage
notes payable, 5%, due in three annual
instalments on Jan. 1, 1946,
and
The
i
$103
at
1947,
the
of
company
January—
1942
on
$21,000; inventories, $224,470;
excess profits taxes (including
face
1.
callable
30,
after which
V.
also
be
to
April
1952,
dividends.
See
directors
common
March
equipment
franchises, $1;
Liabilitise—Accounts
taxes
Dec,
notes and certificates
tax
post-war
proiits
excess
property,
Sheet,
tax
is
before
Glen Alden Coal
$499,896
$648,852
plus accrued interest), $43,617; receivables (after
excess
receivable
Balance
U. S.
a
.
The
Consolidated
stock
or
\
20
year.
Assets—Cash, $236,702;
on
share and
common
issued
of
preferred
the
10%
the plan.
in
Net
dividends
tires
operation
March 5,
income
Grand Trunk Western
on
annually until April 30,
the
of
aggregate
subsidiaries
(other
its
the
rate
$4.50
crued
600
148,936
United
making
in
in
the company
on
consolidated
and
the
in
The
the outstanding
preferred stock will be paid at
for the quarter, ending on April 30.
Thereafter divi¬
will be cumulative at the,-annual rate of $4.50 a share on the
The
$1
the
for
879.
p.
profits
taxes
the
the
of
his
States,
shares.
new
value of the
par
shares
dividend
present
dends
proceeds
common
over
common
Balance
$499,296
par
converted
stock
$499,896
the par value thereof
value of preferred
over
par,
Excess
the
of
1942
$648,852
;
1943
in
company
manufacturing operation
rubber
the participants in
be
of
of
amount
pants
a
shares.
'Paid-in
-
Miami
of
$3,000,000
shall
shall
and
special meeting held on Feb. 28 approved the
plan to exchange the $6 cumulative preferred stock for $4.50 cumula¬
tive preferred stock at the rate of 1 present share for 1 l/20th new
$2,000.
ness
at
unit
world.
sharing plan) bears to the total of such aggregate annual remunera¬
tion, paid by the company and its subsidiaries to all of the partici¬
•
stockholders
the
profit-sharing plan
consolidated
however,
pants
of
$329,593
$421,846
deducting
tDue: to
1942.
$500,633
of
to be held on
a
net
among
the
officers
plan
Gimbel Brothers, Inc.—Preferred Stock Reclassified—
end of year
Balance at
in
less than $3,000,000,
7'/2%
5%
which
16,622
______
—_
1943
$547,998
215,880
income—
oper.
161,
1944
$551,070
$590,995"
the
Co., Inc.—Profit-Sharing Plan—
that
profits
are
exceed
profits,
The
70,195
railway
railway.-:
in
$5,000,000.
255,762
1945
from
Net
unit
synthetic
consolidated
that
event
the
January—
Gross
manufacturing
its kind
the
distributed
vided,
,
Georgia Southern & Florida Ry.—Earnings—
cents
share)
a
Common
net
1,038,459
be
and
—V,
tube
approximately 200,000 pounds
before
distributed among
249,600
CV19.000
size
work
taking into consideration any amounts to be •dis¬
plan, in any year amount to $650,000, then 10% of
amount of such consolidated net profits, shall be the fund to be
taxes-—
'
construction
Frasche said.
used
employees
States
and
tributed
portion
Net
and
consolidated
the
483,500
stock-
be
produces
proposal
000,000, but
pfd.
on
will
Hosiery
officers
a
19,742,001
5,350,323
Balance
and
plants of
designed
principally
tire plants are now
the annual meeting
At
sidiaries
60,800
29,160
tire
produce
manufacturing
company
also
23,255,010
5,743,333
income
The
it will
and
operates two large synthetic rubber plants in
Neches, Texas, and it is expected that man-made
1,964,661
468,167
for
etc.,
Int.,
military type and
a
1943
company
Gotham
$4,202,672 $48,650,118 $47,741,938
2,116,453
in
modem
mcst
fourth
these units
deductions..
Provision
Net
58,350
15th
the
vote
1944
$272,300
1945—Month—1944
amortization
expenses
&
of
were
late
1944.
the
subsidiary in Ohio.—V. 161,
1944
1945
$48,600
$4,342,772
revenue
opera¬
Miami, Okla., the iirst of its
factory manager, said that the
Ohio,
California, and a fifth tire factory, comparable in size
will be built and operated lor the Government in Alabama.
Port
before
Period End. Jan. 31—
oi
operation
Other
The
and
$341,514
Jan. 1 to Feb. 14
879.
p.
placed in
at
and
5
product daily, Mr.
the
and
to Miami,
a
$331,755
•
1944
$44,150
revenues
profits
'
—Jan; 1 to Feb. 21—
Week Ended Feb. 14
Operating
in¬
profits tax...
tReiundable portion of 1942 excess
proiits tax
is
.company
Ry.—Operating Revenues—
$5.72
exccess
Pennsylvania,
from
&
Frasche,
spring of
one
lull
finished
tubes.
161,
laotory
W.
authorized
was
the
be
in
This
4.882
'■Excess
in
to
When
463.
p.
and
that (he company has
26
lire
J.
produced Jan.
were
factory
is said
stock
preferred
its
161,
Feb.
on
State.
income)
$459,284
6,227
(estimated)
surtax
purchasing
arrears.—V.
meeting on
which
restriction
Georgia Power Co.—Earnings—
23,782
$151,598
and
tax
come
22,719
—
____
for
Provisions
Trust
Georgia
—V.
$435,502
$197,988
$135,937
_...
charges
annual
the
year
110.
Gross
income
Gross
Income
the
at
one
$7.31
income
urgently needed.
started
vote
for
15-year 3% debentures due Dec. 1, 1959, are now ready
in exchange for outstanding
temporary' debentures at
delivery
the
310.435
sale;!——.
on
company
from
the issue are in
for
adminis¬
expenses
pfrciit
will
waive
tires
This
General Shoe Corp.—Definitive Debentures Ready-
2,427,766
n—
and
to
$3,173,703
2,320,739
441,815
goods sold.
distribution,
of
1943
52,898,491
sales
Cost
Permission
Federal
9,524,706
contingencies,-
$6,500,0^,0
new
that
State;;
Operating
1944
Net
to
Period—
Ended
Corp.- -Seeks
Shares—
stockholders
resolution
a
dividends
"subsidiary.
Chicago
the
on
prohibits
of
Co.
Bottling
5
Service
Preferred
Pepsi-Cola
directors of The
ot
Its
preferred
March
p.
^Pursuant
Public
General
private sale at a net price oi
$12.50 per share.
At the time this sale was consummated the pur¬
chaser of the cstock was given the right and option, to purchase an
additional 10,000 shares oi common stock or any part thereol on or
before June 15. 1944. at a net price of $12.50 per share.
On June 13
the holder of the option purchased 2,000 shares at $12.50 net and, in
consideration of this purchase, the company granted an option to pur¬
chase 6.000 shares prior to Jan. 1, 1945. and an additional 2,000 shares
on or before June'lS, 1945, in each case at a price of $12.50 per share
On Dec. 30,
1944, in accordance with the option contract, the 6,000
shares were purchased and $75,000 paid therefor.
The balance sheet
as of
Dec. 31, 1944, reflects the issuance oi this additional common
stock
common
$7.64
including
for
announced
was
tion
first
of
charges,
reserve
-
238.784,372
Opens Factory in Oklahoma—
It
company's
/
share.
common
all
and
g ^
$ '
374,408,710
11,584,501
12,015,842
per
"After
taxes
;
:./• -i.f-^1942
1943
419,294,119
profit
Earnings
be
operations
1944.—V. 161,
sales
Net
kind
approximately the
on
767.
p.
1944
$
the
Wilson,
square
$21,000.
(&Subs;)-wEarnings-~
Calendar Years—
of 40 cents
the
on
record
of
(B. F.)Goodrich Co.
quarterly dividend
a
Commenting on the increase in the common
President, stated that this action place's
■
.
Chicago
the
year
approximately
share
per
holders
declared
23
Feb.
on
dends of 35 cents each
subsidiary purchased a garage con¬
feet near its South Side pmnt
ate 63rd Sueet at a cost of
This garage is to be used for
housing company-owned delivery trucks and also to provide much
needed storage space lor bottles, cases and other operating supplies.
Dividends on the pteferrcd stock at the rate of 13% cents per share
have been paid quarterly.
The directors felt. Justified in continuing a
conservative
policy of withholding dividends on the common stock
the
During
taining
directors
The
inadequate supply of cases, shortage of labor
during the hot weather months, and a seven-week strike of the PepsiCola distributors in ihe Chicago area which occurred on Feb. 18 and
during
Dividend—
Increases Quarterly
operating in Springfield and Joplin, Mo., decieased 4.17% as compared
with the calendar year of 1943. the principal factors affecting
^sales
Monday, March 5, 1945
share of
new
stock distributable
amended plan.—-V. 159, pp. 1447,
1973.
in respect thereof
%
under
the
.
if
Volume
THE COMMERCIAL &
Number 4365
161
and
Purchase Bonds—
Great Northern Ry.—Offers to
for
First
the
that
all* tenders
than
the
19,
City
the
of
Bank
Gulf
■
.
the
sale
Gavin
Mr.
as
company's
in
including series
bonds
tion
161.
with
161-,
Gross
retirement of other issues,
toward
went
December,
Co.
stock.
the
short
the
cf 1944
year
>
of Geomet-ic (not included in Greenfield statement due
period
it
operation
in
was
as
subsidiary)
a
I ife
Mutual
Co.
Insurance
to
ceeds
will
sinking
used
be
for
Condensed
Years Ended
Dec.
Selling,
from
ry.
"
1944
$3,964,952
New
York
on
Other
1943
Gross
income
refund
lor
-Prov. lor Fed.
Prov.
for
1,670,859
31,634
sell
31,310
$3,112,938
450,12 7
profit
66 'preferred
$1.50
1,560.000
2,020,000
lOD.utiO
200,000
114,582
16,737
dividends..
to
1943
_
deducting
and
72,965
refund
post-war
$34,000 in
$75,000
of
in
1944,
§1944
reserve)
stock
!!!
charges
—
Post-war refund of excess
1943
inc.
S.
Govt,
&
214,000
Dotes
prior
for
of
-
Due
$1,658,503
161.
On
Aug.
with
300,072
1.18 ,500
2.126,531
for
Prov.
Provision
1944
;_
administrative expenses—
general contingencies
Cost of
$5,201,734
604.742
$5,166,657
514.978
1.108,263
400,050
1,022,337
460,000
41.424
14,580
10,589
20.901
17,535
342.060
2,554
225,000
2,318,000
2,530,060
72.195
Cr234,209
119.0"0
Cr262,200
,
exchange adjustment
Miscellaneous deductions
normal
Federal
excess
income
Canadian
and
Post-war
and
tax
suitax
Adjustment
p.
taxes
income
refund
State
on
'<
"After
cost
class
on
share
per
on
$577,152
for
Net
profit
class B .stock
stk.
com.
O t.
the
1944
deducting
I
receivables
•fixtures,
•(pledged
stocks
less
cn
and
$1,062,201;
note
U.
Canadian
S.
payable
U.
to
Government
exchange),
S.
bank),
and
accounts
50,432
42,085
34,786
?470,895
$607,523
"360,086
$483,125
$472,585
$518,888
$535,030
110,122
203,338
201,738
110,122
226,955
110.122
226,955
254,172
refund
252.172
$1.44
252,172
$1.62
252,172
$1.68
years' taxes.
in 1942...
(After
of
$3,457
for
prior
1943 and $13,000
Balance
Sheet
Dec.
81,
1944
company
receivable
Liabilities—Notes
accrued
Operating
expenses
1944—Month—1943
payable.
Net
rev.
lrom
.tr&nspt.
Revs., other than trans.
(after reserve
accounts payable, $779,871;
Canaaian and State taxes on income
$1,200,000:
in
Net
revs,
$518,229
$6,304,253
$5,494,851
374,500
318,050
3,962,377
3,204,369
$200,179
1,954
•Deductions
oper._
$151,291
$202,134
136,194
from
Net
—V.
revenue
1 73,217
—$15,098
161, P- 311.
$165,
was
$2,341,876
24,861
$2,366,736
2,077,439
$28,917
$289,298
oqsted
elected
which
in
*
stock¬
"controlled
dissipated"
assets.
"navy
Vice-Presidents,
16,
$2,290,482
18,595
$2,30.9,077
2,057,137
$251,640
and
compared
The
with
in
size
$156
balance
in
of
in
16,
the
0:1
books
outstanding
at
during
:
to
the
shares
stockholders,
share
the
to
surplus
or
held
will
1943,
the
$162
end
each
,
,
of
of
the
for
it
is
.
Net
128
income
voted
held
expected
Income
will
1945,
will
that
that the
Income
about
Account
for
Minority
Net
interest*in
415)024
$7,624,434
2,361.735
2,033,320
574 234
458|210
earnings'of subsid.
dividends
per
12.315
below
900,000
and
$50,200
Notes—The
excess
credit
accounts
for
claimed,
1943.
income
for
by
The
the
for
to
the
has
year
corporation's
the
on
market
$419,457,
or
consolidated
realized loss
Federal
and
rate
excess
profits
$567,000
refund
of
in
taxes
1943
$69,910
file
based
1942
The
cla'm
on
estimated
recorded
refund
on
in
its
the
of
(see
1844
for
the
unused
of
excess
profits
to
jie
credit'
to
refund
by
in
1943.
year
excess
the
accounts
excess
recorded
refund
of
Federal
unused
been
for
amount
in
its
has
income
similar
a
for
based
claim
on
1944.
proportion
for
of
the
Canadian
the
years
net
Income
ended Dec.
currency
to
U.
of
31,
S.
the
1944
Canad'an
and
1943
dollars generally
exchange for 1944 "and at the averages ofnhe
rates of exchange for
1943)
amounts to $522,506 and
approximately 11.03%
and 8.59%, respectively, of the
net
v
?
cVm
a
1941
which
$567,000
year
conversion' of
off;cial
year
1943,
been
subsidiary included above
(based
of
1944
post-war
fled
the
of
1944.
year
the
$5.51
s
has
for
expects
paid
for
year
credit
a
$300,000,
for
in
//V!!;!;
tax paid
the
portion
$300,000
credit
corporation
credit
of
corporation
profits
profits
2,890*024
$5.31
refundable
tAfter
in
900J300
2,890 024
^.™——_
share
prior -years
1.
1.755
$4,881:345
co,___.
—
common
deducting
for
; 238,158
:
(net)
taxes—
profits
dividends
Earnings
free
surtax
18'.305
$7,642(,789
216 431
&
excess
'
36,695
$4,735,688
Common
"After
^
10.397.136
$7,900,403
____________
income
Preferred
Years
136,007
d—
pa
each
1945.
$7,863,708
normal
and
for
27,
9,741.142
receivable
!
interest
income
number
*
1944
1943
$17,740,857 $18.436 644
__!ro—•
Federal
for
•(Dominion
shares
March
Calendar
operations™—__________
_____________
charges,
"Provisions
common
the
no
additional
or
credits
income
stockholders
increase
involve
two
on
notes
to
change in the
recommendation is adopted by
this
holders
to
12,
division
but
60,986,021
recommend
March
This
If
124
to
from operations
income
Gross
83,595,447
80,944,917
63.944,907
64,666,640
.
instalment
on
Balance
110
directors
mailed
from
losses
five
115
Operating'expenses
Prov.
year
past
the
Per Customer During Year
$128
$75,503,193
•
,
1942.
71.750,016
accounts.
be
income
in
Average
86,394,489
2,212,167,
Consolidated
Gross
the
loan
average
62,224,995
meeting to be
three for one.
split
$156,-
but
Balance Due
-
Aggregate
$81,569,984
1945,
annupl
be
common
follows:
as
1943,
*
520,597
capital
-
part
amounting
than
'
receivable
been:
Jan.
oifsted
r,
stated
loans
636,935
the
.the
the
was
1459.
p.
more
less.
1941.
notes
average
profits tax
1944—12 Mos.—1943
$523,500
$149,000
2,291
16
officials
and
stockholders,
947,727
4%-
1%
was
Number
stock
at
...
made
Feb.
on
was
;
V
bonds, at cost,
.
elected
of Loans
The
deferred charges, $92,083; total, $12,404,913.
taxes, $111,450; Federal,
1944
note
Transit Co., Ltd.—Earnings—
iranspt.
'
which
-Outstanding at End of Year
the
Gross rev. from
three
McCune,
largest
,
of
Co.—Partial Redemption—
of
tion, $25,647; goodwill, $1;
loans
lent
650,047
„
has called for redemption on
Honolulu Rapid
litigation
was
Mr.
made
company
675,279
at
(at cost), $1,750,and other expenses,
profits tax, $49,000: furniture and
April 1. next. $80,000 of
first mortgage -5%
sinking fund gold bonds due Oct. 1. 1958, at 105
and interest.
Payment will be made at ihe Central Hanover Bank &
Trust Co., 70 Broadway, New York, N. Y.—V. 159, p. 936.
The
1941
of Canada
of
paid
and alter
$50T00), $1,935,467; inventories, $3,914,165; investments and otner
assets, $781,102; properties-, plants and eouipment (after reserves for
depreciation of $3,670,469), $3,428,145; patents, at cost, less amortiza¬
amount
have
Cn
t
the
.
540,486
$103,337;
Helvetia Coal Mining
Feb.
on
board
(unsecured).
payable
etc..
held
new
a
wasted
who
and
President,
the
1944_
U. S. Treasury securities
of excess
total, $21,561,645.
Treasurer.—
as
Corp.—Annual Report—
1942—
(net), $16,060,209; prepaid interest
employees,
Finance
The
the
of
one
1944
$167
Other
tax
Dominion
$166,103;
60,394
postwar refund
$2;
Hansen
Jr.,
Year
$9,915,000; notJS payable to
sinking fund payment required in
1945 on 4%
debentures, $65,000; accounts payable, $1,362,379; accrued
interest, miscellaneous taxes, etc.. $111,173; provision for Federal taxes
011
income, $487,350; serial notes (maturing $600,000 annually 19491953; interest at rates of 2*/*''•
to 3% >, $3,000,000; 4%> debentures,
-'•aeries A, $635,000; deferred income (unearned discounts, etc.), $254,600;
minority, interest in capital stock of subsidiary company (approximately
$119,500 subject to repurchase by subsidiary), $251,566; 5(2%
cumula¬
tive
preferred slock
(par $100),
$2,750,000; common stock (254,172
share' $2 par),
$508,344; paid-in surplus, $135,033; earned surplus,
$1,976,863; total, $21,561,645.—V. 160, p. 2543.*
savings notes, at cort
$1,000,000; domestic corporation
Treasury
65,743
133,199
Period End. Dec. 31—
Assets—Cash,
80,031
— —
421,000
$3,580.85)2;
liabilities—Notes
officers,
for
Balance Sheet, Oct. 31,
Consolidated
105,103
Mr.
are
Henderson,
Customer
932.054
811,472
265,590
$1.38
*
Secre¬
Officers, Etc.—
(Chicago "Tribune".)—V. 157,
in
,
$121,542;
the *ame general basis as used for prior years.
;
and
and
Consolidated
Assets-—Cash,
$3.53
—
E.
made
Years
103,417
—_
and
T
with
and
director
1943
$2)
been
operating facilities for several months,
110
new
a
Pelerkin
number
277,233
of $30,000 in
post-war refund
the years ended Oct. 31, 1942,
31, 1943, have been c<ncluderi.
Provision has been made in
statement for estimated refund icr the year 1944 computed
proceedings
I par
share.
per
"Alter
332;800
$4.56
B.
public.
—
dividends
Common
officers
During
'♦
above—'
on
!
its
continue
has
President, said the
would "do everything in its power to salvage something
corporation's assets" for its stockholders.
The other new
board
078,822.
of
Preferred' dividends
from
will
who
comptroller,
meeting
them
corporation
has had
Household
re¬
1
inc.
annual
replaced
the
Haas,
out of the
years
—.
Fed.
T.
President.
1941
profits taxes—
and
Ready,
Vice-President
as
changes were an aftermath of court,
charged the executive committee ol'
Daniel
$2,007,731
:
corporation
Board
Zoline, Secretary and Treasurer.
and
inc.
the
A.
officers.
company
and
—I—
in
the
at
and
dominated
new
and
144,047
plan
of
the
of
Frank
are Erling J. Hansen, Henry D. Macfarlane, William
Cureton,
Thornton C. McCune, Joseph T. Zoline, and Thomas Cline.
The,other
conditions.
308,000
int.
President
Chairman
officer.
directors
1942
791,424
1
$1,210,938
contracts having been terminated.
,
$2,350,662
900.814
been elected
chief executive
stockholders
different
warrants, resulting in
stock and providing addi¬
given the privilege of
Calendar
24,846
-
Howard Aircraft Corp.—New
The
were
for
has
as
sitting directors
$-177,877
.
provision for estimated lenegotiation refund in 1944
Note—Renegotiation
and
1
The
1943
adopt, of retire.
excess
products sold.
ol
upon
—
A -stock.™
Cr 1,366
332,800
"!
dividends
Earnings
Cr55,776
years" (net)"-—r
for prior
Not ~>rotit
Cash
—
tax___—„!
profits
.act
1
40.676
Corp.—Changes in Personnel—
has been
who
Boomer,
.
5,796
.
,
Nullc, formerly Secretary and Treasurer,
tary,
ancl Ford
M.
Thudson,
formerly
V. 161, p. 767.
>
$2,165,987
expenses—
subsidiary
Prov.
1943
2,756
expense
stock
;
^
2,417'-
43,774 '
_
••
199,945-
Manager of the present Waldorf-Astoria since its opening Oct. 1, 1931,
has been elected President; Maurice Newton, Vice-President; Augustus
collecting,
doubtful
annuity
103.911
Canadian
Federal
to
purchase
preferred
old
Statement
Income
paid
Minority
$5,062,746
Charge resulting lrom settlement of renegotia¬
tion proceedings for prior years
Interest
7%
the
—
^
13,888-
40,676
_____
2543.
p.
inception,
J
(& Subs.)-—Earnings-
depreciation
lor
1940
Lucius
preferred stock
stock was offered to the general
new
ceivables
Interest
by U. S. Government
1944.
(After deducing reserve
and $706,666 in 1544.
$ After
$5,036,484
Selling, general and
the
gen.
administr.
—
165,250
for
of
5 >2%
8,554
13,888
for
160,
and
merchandise
consumer
construction,—
surplus
holders
$2,317,380
factoring,
000;
ProVisf.h
war
?1,344
32,855
8,783
for
advances
Hotel Waldorf-Astoria
,
of
stock
common
Holders
—
Acquisition,
1.756.912
,
by
988
878
23,980
——26,595.
accrued
-
20,628"^v
Total——!—$1,225,219
**
•
issued $2,750,000,
company
$1,645,125
of
capital.
Income
/Shs.
income
of
manufacture
quantities
limited
Consolidated
389,021
500,000
3,212,305
*
■
influenced
directly
be
companies,——:
——
surplqs
—V.
always
not
1944
income
Total
to
the
on
non-detachable
1,576,438
Years Ended Oct. 31-
Other
President states:
1944,
elimination
Earnings
sales
16,
2,226,000
the
advances
secure
Greif Bros. Cooperate Corp.
*Net
only
300,000
879.
p.
:
turnover.
deducting U. S. Treasury tax notes of $1,010,500 in 1943 and $831,750
in
1944.
SIncluding
wholly owned subsidiary, Geometric Tool Co.,
acquired in Decemoer, If44.
'Represented b-/ 22,551 shares $6 pre¬
ferred (both years), 13,573 shares (1943, 12,600 shares) $1.50 preferred
and 153,512 share; (1943, 146,35.9 shares) common stock, all of no
par.—-V,
is
J?
14,835
deposits
accrued
Capital
instalment paper have been
available for purchase.
Volume of transactions again exceeded any
previous year,
but they were largely short in term and rapid in
equipment,
exchange before
$9,191,171 $10,339,402
to
1943 and $30,341 in
of $510,247 in
1943
in
it
'
>
payable
Earned
Heller & Co.—Annual Report—
restrictions
to
185,340
193,984
900.000
3,242,304
58,050
—
restricted
lor, amortization
reasons
$1,210,938^2
$1,225,219
*
*
,
Contribution? In aid of construction—5,796
,
750
mechanical
1,888,
retirement!—————..215,905
Reserve for uncollectible accounts
—3,109 <
no
Light
The
continued
tional
_
-
—
cash
on
arrange
Heller,
199,848.
—
subsidiary
-
"Includes
_
adjustments-
post-war
&
Surplus
Total
share
Haverhill's
and
«est-
pan—
(no
stock
taxes
tuxes.
_
coatings.
TCapitJ stock
Preferred
E.
Operations
$150,223
229,181
year
profits
exc,
payable to bank
Reserve
of
Walter
$165,511
332,339
97,219
contracts-.
profits
excess
$Prav. for Fed. inc. &
sales
on
thereon
interest
&
of
!
•
71
3,402
339,000
Reserve
per
17,618j/-
23
.
$500,000
Customers'
payable
shores.
(Walter E.)
162,091
2,251,998
471,843
41,600
1
Fed.
for
accrued
cents
15,141
*
.
————__
,™_™™
—,
2,434
327,000
Customers'
Dividend—
15
5,000
442
'
.
22,981!,,'',
23,886
-
companies
supplies—!—___
Payables to associated
14.
Power
to
198,745
•—
r
and
—
—
associated
$500,000
Takes
of
56,797
5,000
($50 par)—..—.l—w*™—!—-—
Ray
35,905
-
etc
Prov.
7,976
new
237,608
2,538,212
275,42)
'68,479
(est.i
payable to bank
U.
39,383
40.725
asked
14.98%
of
from
debits
Accounts
1.491,152
Liabilities-—
Accounts payable
Advances from
79,599
companies in exact alphabetical
ortier.
However, they are always as near alphabetical
position as possible.
.
taxes
7,284
"25,261
Associates, parent of North Boston
stock, is entitled to subscribe for
public stockholders holding about
31.64%
of the stock may subscribe for 8,224 additional shares.
The
application said Haverhill may request permission from the Massachu, etts Department of Public Utilities to sell any unsubscribed shares
to North Boston.—V. 161, p. 669.
$9,191,171 $10,339,402
Accrued
$160,714
51,118
March
additional
1,998,193
insurance
of
value
profits tax
Total
payroll,
$282,396
669.
NOTE—For
437,919
.—
Property, plant and equipment (less reserves)--
Accrued
$179,411
6,135
tEmergency plant facilities-
Dotes
$236,378
dividend
8,332
55,522
—
mortgage; "4s—————w—..—u—..
-First
Propeities.
owner
$3,708,520
1.629,918
Inventories
surrender
1942
stock,
has
possible
1,851,818
—
Other current assets
Cash
1943
a
——18,701
'
——
investments——
receivable
Capital stock
(Mass.) Electric Co.—Would Sell 26,000 Shs.
SEC
funds.,™—™_
Liabilities—
1944
declared
1943
$1,095,816,:/.
$322,743
1.8,030
have
£
1944
Prepayments
in
$180,000
$2,103,747
-
-
<less
receivable
special
Ma-terials
l;;i2.
Assets—
Deferred
$396,714
;
filing consolidated returns.
from
$1,103,101
—A—'
The
♦Cash
Treasury
$31,046
1945
p.
common
the
.Comparative Condensed Balance Sheet, Dec. 31
Accounts
66,156
$40,326
savings
.
Accounts
$388,899
66,156
•.
,
161,
Massachusetts
and
145,72)
_
$462,870
5,513
under
before
$510,828
137.313
20,580
36,495
-
....
dividends
-Allor
$442,811
125,525
18,198
$422,751
preferred dividends
Common
$36,559
5,513
-
purchase warrants.
The $650,000 proceeds will be applied
$800,000
indebtedness
to
its
parent,
North Boston
North Boston,'holder of 53.33%
of Haverhill's
stock, is entitled to receive warrants for 13.886 additional shares.
The company's plan to issue and sell to stockholders an additional
26,000 shares ($25 par)- capital slock will be considered at a hearing
330.409
__
Miscell.
ihe SEC to approve its plan to issue and
stockholders 26,000 additional shares ($25 par) to be offered at
3,896
Net
170,159
income
company
Lighting
2.130.000
2,291,000
200,000
prof. lax.
exc.
$33,450
_
tax
plant
Temporary cash
Haverhill's
to
$5,462,237.
-—
post-\v*ur adj.
inc. &
115.628
railway--
oper.
The
1.4.14,869
.
14,458
Utility
$559,058
March 15 to holders of record
March 5.
Payments in 1944 were as follows:
March 17, June 15 and
Sept. 5, 10 cents each and Dec. 15, 45 cents.—V. 160, p. 1969.
$5,430,927
239,720
renegotiation
coatings. &
$46,943
_____j.
Total—!_.—*
v
.
Haverhill
$3,081,304
•
to
14,518
...
Comparative Balance Sheet, Bee.' 81
961,589
$578,498
$45,839
-
railway-
value
par-
1942
$2,322,470
—
deductions
Prov.
■
-
directors
The
$6,925,797
$4,752,162
1,683,724
income
Other
14,071
—•
—_
_
Assets-—
Interest
a*
$2,281,228
expenses
sales.
from
1,215,399
Hamilton Watch Co.—Larger
for borrowing
19451
of
41.242
adnr.
&
gen.
profit
113,173
$51,017
14,781
;
"Deficit.—V.
par
Net
155,254
Statement
Income
31—
Gross profit from sales
278,250
669.
p.
from
Net
needs.
post-war
2,053,524
289,000
$60,620
!
161,
Gross
for the entire
fund
Comparative
$47,974
Federal
$3,852,421
2,269,778
24,000
-
stock—.!:.
January—
note due Jan. 1, 1960.
The note provides
for the repayment? of $55,000 on each Jan. 1, commencing 1946.
Pro¬
15-year 3Vz'<■
$4,352,675
197.917
taxes
pld,
Net
Arrangements have just been completed (Feb. 20,
The
$386,106
25,000
-
Gulf & Ship Island RR.—Earnings—
1944.
from
5,585
;A_—$61,014
1945—12 Mos,—-1944
177,615
income
on
—V.
1944 renegotiation proceedings were concluded with respect
1943 business, and resulted in the determination that no re.unci was
due the U. S. Government.
It is too early
for such proceedings for
$1,000 OCO
for
income
^Includes
1944
$418,489
________
Balance
During
year
.
$42,389
5,412
—
deductions
Deferred
to
the
Net
-1945—Month
other deductions
&
Divs.
$75.003, "alter all charges.
was
17,087. i.
$55,602
*
dross income
Receivable
$658,094.
Net profit
253,147
Report—
Die Corp.—Annual
investment,
'
496,606
income—net
Income
income
HaVcn,
now
347,806
11.58A
17,199
,
Utility operating income!
"Other
Cafch
a
small issue of the preferred which has been held by some
employees of Geometric for a number of years.
Corporation's
in Geometric, including all costs of acquisition, amounts to
the
&
Provision
corporation acquired control of Geometric
Conn., through the purchase of its common
owns
all the outstanding stock of- Geometric
1°44,
New
Greenfield
except
of
of
—
26,653
22,206
accruals
reserve
10,562
23,542
!
——
563,210
amoit.™—_
Net
In
1942
$2,034,027
1,235,926
expenses
Int.
Tool
1943
$3,190,644
901,088
567.
p.
revenue
Gross
&
1944
$2,926,246
312,953
Deprec.
567.
Greenfield Tap
6,557
"
Operating
However, a large number of G
Into sfck, making available funds for applica¬
of the issues for which tenders now are sought.
retirement
P.
1945
917,208
Gulf .Power Co.—Earnings—
convertibles.
4 %
!__!—„_
taxes
Retirement
$2,972,622
PeriJd End. Jan. 31—
avails^e from
Proceeds from the sale
fall.
last
program
funds
ry.
—V.
of bonds pur¬
retirement
proposes
invitation
tpndev
bonds
new
G.
converted
were
toward
Northern
the
o''
161,383
—_'V_—
1943
and will be paid for upon such
agree
inancing
re
of '$100,000,000
•-V.
Greet
result
a
General
$269,659
160.146
—
Maintenance
"
"
railway™
dper. income
from
Net
surrender.
chased
revenues
Operation
total,
$4,133,765;
Mofeileh&Ohi^'RIL—Earning^
January-—, ;"
from railways
Gross
tender must be surrendered to
March 28, 1945, or such later
upon,
earned- surplus,
1944
$285,250
...
Federal income taxes—
will be mailed not later
before
or
on
may
.$2,491,113;
par)
no
$12,404,913.--rV, 160, p. 2737.
Net
company
Operating
general contingencies. $1,450,000; reserves for
capital stock (64,000 class A shares and 54,000
$584,905;
shares,
B
lor
reserves
insurance,
ciass
reject
right to accept or
of any tender.
rejection.of tenders
or
*
Hoosier Gas Corp.—Income Statement—
12 Mos. End. Dec. 31—r
$1,700,000),
$144,665;
Gavin
Mr.
provision for current renegotiation refund (estimated) (after U. S.
tax savings notes purchased and held for payment of taxes
$1,509,144;
payable
to
unconsolidated
subsidiaries,
of
1945.
National
the
as
York.
New
of
the
reserves
company
part
any
of* four
company
accepted pursuant to anv-;uch
First
date
Bank
accepiance
March
Bonds
the
or
of
this
to
National
emphasized
Notice
sale
987
Treasury
different series of "its
general mortgage bonds were invited on Feb. 24 by P. J." Gavin,
President,
'
*
~
Issues
involved
by the
invitation to tender sale on or prior to
March 14,
1945, include series B 5'.'2S, C 5s. D 4l,aS, and E 4M>s.
Holders are requested to submit their tenders to the company's agent,
Tenders
FINANCIAL CHRONICLE
of
income
for
those
years.
The
adjustments
.
of"un- -v
arising from conversion of Canadian assets and liabilities
THE COMMERCIAL & FINANCIAL CHRONICLE
988
at-Dec.
31,
1944
1943
and
Canadian
for
reserves
credited to the
for other con¬
been charged or
fluctuations and
have
exchange
Consolidated
Sheet,
Balance
'
Assets—
U.
tlnstalment
and
employees'
Fed.
223,800
Income
receivables,
Other
26,982
567,000
70,689
Prov.
77,792
367,420
f®*3??
tax
etc
equipment, and improvements
J Office furniture,
Notes
payable
—
'
and
capital
for
Bank
loans
8,000,000
1946
31,
exchange fluctuations
and for other contingencies
Reserve for contributions to employees' savings
fund
retirement
interest
Preferred
stock
"Common
subsidiary
in
$100)
(par
:—-—
;
and
$25
at
each
Capital surplus
surplus
Dec.
31,
——
—
...
Total
tAfter
1943.
and
1944
in
for
reserves
$774,370 in
Note—All
Canadian
18,062,650
496,803
14,166,843
amortization
involving
restrictions
161,
Net
X,'yr
7_"v
'
Both
foreign exchange are
and control.
Based on
dollars at the official
:!:.V
i
•
•
'
.
expense,
etc.
Income, taxes
other
All
3,105,818
income
Dividends
Earnings
•;ti
and
$818,308
$1,292,856
foreign)
331,902
614,689
C...
Depreciation
Net
S.
(exclusive
Fed.
depletion)
808,325
bills,
$2,103,021;
lire
insurance
charges to operations, $44,379; other assets,
fund,
29,
the
final
Operating income........
Non-operating income
$2,414,948
income
To Pay 2% % Interest
directors
half
second
only
and
$1,000
,
of
have
bond
1944.
delayed
by. a
over-accrual
voted
on
payment
income
of
New
of $17.50
1,198,550
distribution,
$159,037
April 1 next, of
5%("bonds, for the
it was stated, is made possible
resulting from the over-assessment
City public utility taxes for the years
$1,000 bond
made
was
last
1
Oct.
on
by
Railway
operatlhg
expenses
Net railway operating income
income
:
•Net income
—...
"Aft^r providing for Federal
Earnings
January—
Net
from
from
income and
of
Company
$1,564,763
/excess
the
of
been
p.
A.
elected
.
President
to
Manager
succeed
the
in
charge
Illinois Terminal
January—
Net ry. oper.
161,
p.
them,
by
trust
and
the
public holders of 7%
of 7% refunding bonds
and
the
Chase
National
Bank,
agreement
the
distributing
agent
and
New
dated
York,
outstanding.
are
Dec.
sub-distributing
The
has
court
6; 1932,
agent-all
authorized
also
agent
and sub-distributing agent to accept from the
outstanding certificates of deposit issued by said
in
lieu
of
the
bonds
collateral
trust
bonds
the
represented
and
7%
debentures
Commonwealth
by
Chicago.
.
;•
deposit for 6%
of certificates of
National
Central
of
by
Bank
Hanover
certificates
the
Northern
should
Bank
of
&
late
John
L.
Beven.
V.
said
Co.
their
Co.
or
$694,575
expenses
income
should
their
certificates
Interest
Other
trust
their
surrender
expense
for
Reserve
for
Net
$737,478
and
allotments
Bids
certificates
oversubscribed in
were
received for
on
basis
a
of
were 31 purchases by 13
firms; 850 was
allotment, 5 the smallest.—V. 160, p. 2184.
Corp.
—
404,249
313,149
on
138,729
112,463 V' *
125,676
568.
50,000
1,258
12,500
$173,270
stock
preferred
37,500
Sheet,
deposit and
on
31,
80,000
1944
hand, $625,590; customers' receiva¬
inventories,
$1,505,700;
miscellaneous
on
$815,367;
reserves,
Aug.
37,500
80,000
stock
receivables
(less
reserve),
$61,607; investments in subsidiary com¬
$551,028;
Hayden Island
Amusement Co.—stock
(fully re¬
and secured advances, $50,000; cash surrender value of life
panies,
served)
insurance,
phia
$207,847;
advance
by
secured
second
mortgage—Philadel¬
$50,000; stocks and bonds (cost), $20,251, plant and
(depreciated
cost),
$668,283;
deferred
charges,
$77,099;
and trademarks, $1,000;
total, $4,633,773.
property,
equipment
patents
Liabilities—Notes
ble,
$363,693;
$140,344;
etc.,
gations,
for
earned
payable
salesmen's
Federal
$26,724;
other
surplus,
state
for
$1,258;
stock
common
(bank),
$250,000;
balances,
and
reserve
purposes,
$750,000;
trade
$252,734;
income
accounts
paya¬
payroll taxes,
$654,394; other obli¬
wages,
taxes,
post-war contingencies, $150,000; reserve
cumulative preferred stock ($100 par),
par), $200,000; capital surplus, $618,845;
5%
($1
$1,225,782;
total
$4,633,773.—V.
160,
628.
p.
Joy Manufacturing Co.—Director to Sell Stock—
Adams
Express
and
Co.
International Corp.
American
.
to
purchase 17,500 shares and 7,500 shares, respectively, of the Joy com¬
pany's common stock at $22 a share from Chess Lamberton. a di¬
rector.
This application will be considered by the Securities and Ex¬
change Commission at a hearing March
12,
the Associated Press
reported.—V. 16J; p. 768.
New
sales
propose,
~
Inc.-U-Annual Report-—.
Tea Co.,
Jewel
records
established
were
by
departments
operating
all
during.1944—each, had the highest -total -sales inits history.—
removal, of
The
- *
-
many; items from rationing in' 1944 and some
merchandising .supply were helpful to store sales.
Increased
quantities of general household merchandise
and t coffee
added
to
route
sales.~:; Increased
consumer
purchasing power also
contributed materially, to company sales results.
*
improvement, in
Enlarged production,
increased
field
of
more
from
packed
than
double
for
the
that of
U.
Quartermaster
S.
Corps
in
1944
1943.
Renegotiation
-,
-
for the U. S. Quartermaster Corps,
manufacturing activities.
The quantity
primarily
income
gross
rations
Board
yet
have
*
Subs.
preliminary meetings
earnings
on
with
is
basis
no
for
estimating
the
contracts
war
what
the
Price
1943
in
\
be.
may
Adjustment
but
is
it
Consequently,
Adjustment
Price
not
Board
finally say about war contract profits for the year 1944.
the
of
opinion
with
these
the
stock
postwar
has
U.
the earnings during
company
S.
Quartermaster
because
refund.
been
made
contracts.
war
the
of
Corps
1944
not
are
from
excessive.
war
If
earnings were completely eliminated the effect on net
the year would be not more than 8 cents per share
for
common
10%
of
to
possible to determine what the final result
In
all
been
relative
ments Which
of
the
excess
Accordingly,
for
possible
Present
no
refunds
reserves
seem
profits
tax
rate
95%
of
less
provision
from earnings in
resulting from renegotiation
adequate to meet any adjust¬
might be required.
Comparative Income Account, 62 Weeks Ended
Dec. 30, '44
Retail
$56,899,845
Interest
and
and
other
Jan. 1, '44
$52,212,105
1,428,540
881,950
78,406
sales
110,553
sales___
miscell.
Federal
Feb.
23
Telephone
announced
,
of
H.
new
C.
&
Roemer,
Radio
Corp.,
realignment
a
heads
of
who
the
radio
had
been
manufacturing
a
of
its
and
executives
general
in
affiliate,
Wages,
salaries
Social
security
the
charge
of
Contribution
Products
income
(net)
Maintenance
direction
of
the
radio
division.—V.
161,
p.
464.
issue
$1,100,000;
$500,000;
has
A.
been
C.
Farwell,
&
Co.,
Chapman
&
as
follows:
$500,000;
Co.,
H.
Central
$200,000,
and
M.
Byllesby &
Net
proceeds
to be
.,
1
277,139
retirement
plus
services and
Doubtful
rents_„
36^235
40,314,196
424,181
and
repairs
accounts
Federal
local and
541,079
-
297,333
charged
to
operations
on
other
income
228,241
Federal
189,549
,
taxes
177,844
1,149,677
1,358,964
305,386
l,llo'796
$1,392,581
taxes
all
211,794
115,827
43,049,845
estates
Republic
Stern
Co.,
received
by the
company-from the
bonds, with other corporate funds, will be used to redeem
Inc.,
Brothers
sale
on
or
of
Net
earnings
Preferred
Common
—
dividends
$1,155,833
205,102
&
the
about
Balance, surplus
Earnings per common
/•
share
"Earnings for, 1943 benefited to the
per
common
207,526
v
780,690
dividends
Co.,
Co., $200,000.
•
bonuses
taxes
Jewel
Corp.—Registers with SEC—
underwritten
Allyn
and
$58,406,791 $53,204,608
10,151,695
9,123,204
Depreciation
State,
Interstate Bakeries
to
revenues
purchased
Estimated
assumes
and
and
manufacturing
Vice-President
sales
plants, has been made Executive Vice-President.
T.
M.
Douglas, Vice-President, has been placed in charge of operations in
the telephone, radio and general
manufacturing divisions, and E. N.
222 589
'
432,000
$168,156
on common
there
160, p. 2296.
made
were
tax.
purposes
Dividends
bles—less
68,841
506,000
50,000
profits
excess
profit
There
divisions.
$618 265
.>
415,755
68,155
income &
other
707
of
bonds
Federal's
1942'
income—119,595
state
,
18,438
167
post-war contingencies
Dividends
1944
The
1943
20,572,
.
....
and
Reserve
of
shares
$755,756
;
Depreciation
Federal
earnings
was
61,181
$814,308
expenses
There
collateral
on
appointment
RR.—Earnings—
1944
69,030
income
Total
Co.
6%
1943
1,356,732
was
•
>
Corporation has filed a registration statement with the SEC covering
$2,500,000 first mortgage 414% bonds, due March 1, 1962.
$915,366
1944
$745,278
Total
161,
$990,175
Aug. 31—
1,870,316
Inland
Trust
&
.
surrender
for
$424,893
Knitting Mills, Portland, Ore.—Earnings—
collateral trust bonds issued
Trust
deposit
Trust
.
of
surrender
may
Bank
163,692
$344,356
__
and
has
1945
from
railway
Net from railway
—V.
held
collateral
initial distribution of $66.75
an
International Telephone & Telegraph
.1942
of operations,
179,040
768.
p.
Wendell
General
587,297
other
Officials—
taxes.—
$17,975,035 $17,769,602 $17,023,399 $11,940,238
6,099,380
6,163,988
5,825,677
3,126,615
income...
2,125,411
2,124,493
2,821,983
1,692,349
Johnston,
&
expense
Operating
contracts
The
1943
&
4,268,156
Wholesale
$1,423,94?
profits
669. ~
Gross
Feb.
on
receive
1,099,033
New President—
Wayne
to
under
6%
the largest
$2,522,976
railway
railway..
Net ry. oper.
Light Corp., and
by the United States
Illinois, eastern division,
15, 1945.
-
Y., distributing agent, and First National Bank,
St., Chicago 90, 111., sub-distributing agent.
the
Chase
7,835
Only
1944
of
deposit to First National Bank of Chicago.—V.
on
1945
District
effective
refunding bonds of
31.9%.
•
556,322
;
discount
...
Assets—Cash
&
confirmed
Co.,
the elapsed time of 15 minutes.
Crl02,972
1,025,408
debt
39,622
$1,175,882
$6,319,462
Lynch, Pierce, Fenner & Beane,
6,879
chgs.
45,034
$1,079,717
4,984,836
the New York Stock Exchange Feb.
27, with a
commission of 55 cents. The
stock, offered by Merrill
$2,426,883
$2,590,171
other fix.
Power
depositaries
to
*
&
480,000
$1,136,260
$7,600,430
made
414,537
6.808
480,000
...
Interchemical Corp.-—Special Offering—A special of¬
fering of 2,500 shares of common stock (no par) was
1944
$2,458,866
Crl38,U3
fixed charges—.:
Inland
350,000
559,231
588,264
Cost of sales
may
4,098,444
deductions
"Int., rent for leased railroads
Gross
$637,382
of
7%
issued
of
125,385
Other
of
the public holders of the 6%
ordered
depositaries
Holders
the
4,381,917
Equipment and joint facility rents (net Dr)
for
$589,807
$529,554
Co.,
thereof
deposit to
$20,681,003 $20,358,321
13,714,835
13,418,457
Railway tax accruals
has
Trust
Holders
140.
1945
...
2,306,042
292,700
217,500
,
$1,034,684
bonds..
on
of
161,
Sales
68,815
Power
bonds
First. National Bank'of
payment,
revenues
available
504,875
^bonds or debentures to either Central-Hanover
KR.—-Earnings of System—
operating
Income
504,875
Cr24,528
York 15, N.
Holders
and
payable
income
'
"
504,875
66,260
Inland, which, together with all unpaid interest coupons
thereto, have -been turned over to the distributing agent
or
sub-distributing agent by the depositary issuing said certificate of
deposit, accompanied by the proper form of
letter of transmittal signed
by the holder of said bonds, debentures or certificates of deposit.
1,273,440
$289,070
___
adjustment
York
Railway
Miscellaneous
$1,211,071
appertaining
credit
per
Month-of January—
$1,070,154
entitled
Inland
distributing
bonds
>
adjustment income issue for the first half of 1944.—V. 161, p.
Illinois Central
$1,100,689
948,660
payments will be made only upon the surrender to
the distributing* agent or
sub-distributing agent of the bonds or deben¬
tures mentioned above,; with all
unpaid interest coupons appertaining
thereto, or certificates of- deposit representing 6 %
collateral trust
1,657,341
\
2,456,959
taxes...
tax.,...;
retirements..
income
-V.
Distributions and
1933-1942.
A
878,525
depositaries for said bonds
certificates of deposit.
Income Bonds—
on
a
the
This
.
1,036,045
989,732
Northern
plan,
are
of
of
over
said
the
$2,771,744
1,614,045
ing in the hands of the public, at 5%—
per
1,123,275
1,061,995
became
the
Dearborn
turn
by
.
•
adjustment income bonds outstand-
Deficit—..—I.—..—
The
$3,038,257
the 6%
holders
112,037
$2,523,525
Income charges; exefc of interest on adjustment
income^bonds.-
„$25
$3,095,932
collateral trust bonds of Inland, deposited with said deposi¬
taries under said agreement and for which certificates of
deposit issued
$2,659,707
108,577
the
1944,
court
Northern
6,633,721
:
$4,831,533
1942
complete
New
South
The
$9,293,428
6,896,229
operating revenue
Operating expenses and taxes
1 Q4*t
$5,070,107
income
Net
Commonwealth
and
way,
38
Jr..
$9,311,177
Gross
for
&
the public holders
Light & Power Co. are entitled to receive as a
payment, $30 for each $100 principal amount of
said debenturse and bonds held by them.
All cash distributions and payments required to be made under the
plan with
respect to publicly held bonds and debentures of both
debtors will be made by Central Hanover Bank <fe Trust
Co., 70 Broad¬
of
of
1943
income
profits
2297.
p.
Co.—Earnings—
earnings
Other
1943
$3,285,959
$562,101
&
Light
$100
to
on
Gas
504,875
76,991
for
to
debentures
<
par), $2,309,500; earned surplus, $17,147,358; capital
total, $21,076,582,—V. 160, p. 1863.
1944
160,
&
Jantzen
American
1,149,022
reorganization
Court
each
for
$231,704;
Calendar Years—
above.—V.
operating earnings
Interest
Approved—
1,143,170
divs...
of
Pursuant
jU Hudson & Manhattan RR.—Earnings—
Interest
$29,366
880.
bonds of Inland
Liabilities—Payroll, vouchers, etc., $432,364; U. S. and foreign taxes,
$189,687; insurance reserves, $613,113; miscellaneous reserves, $287,567;
Gross
for
p.
plan
Dec.
on
.deferred
$23,168; mining property,
'timber, plant, buildings and machinery, at cost (after reserve for plant
(depreciation of $10,584,338), $11,910,903; total, $21,076,582.
($5
Other
$1,143,967
avail,
District
$3,399,310; notes and accounts receivable (from metals sold), $1,213,203;
accounts receivable,
$82,583; metals on hand, $72,490; inventories of
supplies, $615,038;
investment
in Dominion
of
Canada
bonds
and
capital stock
2,764
1944
1945
Ownership
42,460
of
subsidiaries
$3,436,158
Commonwealth
Consolidated Balance Sheet, Dec. 31, 1944
♦surplus, $96,991;
3,121
called for redemption
Indiana General Serv¬
The bonds will be redeemed March 15 at 105 Vz
Irving Trust Co., New York.—V. 160, p. 2647.
charges
161,
at
Bank
1944
Balance
Assets—Cash, $1,380,785; U, S. Treasury notes and certificates of
indebtedness, at cost (less premium amortization plus accrued interest),
Treasury
Co.
deductions
deductions
The
$2.80
4
Electric
&
taxes
Net
"$167,147
operating
were
Federal
excess
Provision
12.
income
Bal.
-V.
1,385,925
$1.77
.
share
1.
Feb.
local taxes
and
its
1946,
1,
National
Co.—New
Power
&
Southern Utilities
and
.Other
Inland Power & Light Corp.—Plan Effective—
of
paid
per
State
Amort,
deprec
or
all of
next,
April
985.
operating revenues
Operating expenses and maintenance
6,035
maint. & retire¬
Interest
$3,020,681
537,931
775,799
414,095
taxes
p.
1,
and
The First
12 Months Ended Dec. 31—
$74,590
income
charges
revenue
Net
4,249,688
-
296,119
(U.
$68,555
Indianapolis Water Co.—Earnings—
1943
$2,061,019
April
on
1945,
at
Total
568.
p.
12 Mos. End. Jan. 31—
$9,302,517 $11,769,866
4,135,680
4,499,497
Income
1,
Operating profit
Other
All
120,070
*
•
1944
expense
Operating
...
"$134,187
from
fixed
161,
at
Oct.
be
made
Years Ended
interest
due
will
1944
$1,463,243
1,154,764
119,854
had outstanding.
ment
revenue
Marketing
1945
$1,376,862
1,315,210
74,103
121,736
•-
,
Following the merger, Indiana & Michigan
the entire $6,500,000 first mortgage bonds which
and
for redemption
notes
Payment
Continental Gas
Iowa
33,809
after
companies
Oper.,
Years Ended Dec. 31—
Operating
See
RR.—Earnings—
Electric Co.
ice
serial
trustee, Chicago, 111.—V. 160,
Chicago,
3,970
on
common
30 days' notice at 106%
on
—To
The merger of Indiana General Service Co. into Indiana & Michigan
Electric Co, approved by state and Federal regulatory authorities, was
Co.—Earnings—
Operating
Belt
deductions
income
4%
interest.
Iowa-Nebraska Light
Be Dissolved—
Effective—
Indiana & Michigan Electric Co.—Merger
respectively, at Dec, 31, 1943,
I
of
161, p. 768.
charges
"Deficit.—V,
$729,097
of
fixed
Gross
Ilowe Sound
$0.63
and
Net
311.
p.
par
...
Miscellaneous
exchange at Dec, 31, 1944, and at the free market rate of
exchange at Dec. 31, 1943, the current assets, current liabilities, and
the corporation's proportion of earned surplus since acquisition
(less
unrealized
exchange loss) of the Canadian subsidiary amounted to
$8,806,326, $1,462,378, and $2,456,617, respectively, at Dec. 31, 1944
—V.
income
subject to redemption
*:
,.
railway operating income
Total
of
and $7,130,779, $1,648,288, and $1,979,156,
outstanding
100,940
$0.14
Harbor
consummated
transactions
$64,122
"$130,217
conversion of Canadian currency to United States
rate
463.
p.
be
has called
company
$14,305
100,940
.
Indiana & Michigan Electric Co.—V,
Other
1943.
Canadiali Government
subject to
161.
share, and 305,442 shares ($1 par)
JJ J
per
Iowa Electric Co.—Calls 4% Serial Notes—
2,110
contingencies
!
shares
for redemptions made on or before March 1, 1950, and at prices rang¬
ing down to par for bonds redeemed after March 1, 1961.
The company is engaged in the manufacture and wholesale distribu¬
tion of bread, cake and other bakery products.—V. 160, p. 2647.
8,000
for
reserve
income
Net
$66,910,301 $65,638,176
and
stated value $10
Federal
of
depreciation
72,122
outstanding funded debt and capi¬
$500,000 4%% sinking fund debentures, due
of $5 cumulative preferred stock (no
bonds, the
of
67,503%
for
reserve
operating revenues
operating expenses
tax accruals
Equipment and joint facility rents.
19,734
18,000,000
465,394
10,674,018
—
board
$12,195
&
Month of January—.
directors on Dec. 20, 1944 the stated
value of common stock issued and
outstanding was increased from
$25 to $30 a share by a net charge against earned surplus of $3,612,530.
tAfter reserve for losses of $6,453,240 in 1944 and $6*335,735 in
of the
action
"By
10,477
taxes
income
on
Railway
Railway
Railway
—
21,675,180
——
-
—
consist
Stock.
1944
1943
—
Earned
taxes
in
Indiana
(722,506 shares
par value
no
stated value of $30 each at Dec. 31,
a
750,000
133,911
18,000,000
company
Federal
before
Indiana General Service Co.—Merger
919,805
955,919
„
stock of
at
—V.
Canadian
Minority
$82,599
4,742
outstanding
Earnings per share
255,033
8,000,000
March
$16,937
operations.
Shares
3,079,922
947,506
152,433
maturing
for
Reserves
1957;
1,
these
to
will
March
The
See
-------
addition
talization
par)
(net)
Fed.
"Reduction
300,320
311,770
taxes-—
3,224,045
———_—947,506
:
charges
income
Net
$1,387,560
stock
payable
Miscellaneous
36,002
com¬
-
470,227
$1,626,125
Notes
payable
to
employees,
officers,
and
others, pursuant to. thrift plan..
Federal and Dominion income, excess profits,
Dividends
contingent
(incl.
exp.
reserve)
contingencies
$66,916,301 $65,636,176
-
banks—
to
general
profit from
Net
7 Total
II Liabilities—''U7
34,298
18,573
In
The bonds will
Net
—
profits
excess
954,915
and
paid (est.)
Post-war refunds of Canadian excess profits tax
of
1,043,561
20,565
expenses
pensation
Victory
notes
receivable
accounts
Refunds
1943
$1,092,089
55,889,260
cost)—
advances
Admin.
33,297
867,000
141,049
cost!
Canada
of
bonds'(at
Loan
■■
Dominion
in
Investment
^Travel
-
(at
receivable--
notes
1943
$5,405,823
2,924,000
1944
$5,581,117
1,410,000
58,213,400
225,225
-
securities
Government
S.
*
'
-
Cash
Selling
12, 1945, at 105% and accrued interest, $2,500,000 outstanding
(closed) mortgage 5% refunding bonds due June 1, 1958.
v
first
1944
$1,115,361
81
Dec.
•
April
-Earnings—
(& Subs.)-
Illinois Zinc Co.
Quarters Ended Dec. 31—
tingencies carried in the accounts of the parent corporation.
Monday, March 5, 1945
641^016
'
$406,789
'I
$307,291
$2.12
extent of
$272,370
"$1.69
or
share due to carry-back claims for refund in that
48
cents
amount
;
Volume
for
excess
are
profits taxes paid in
D
series
Three
—'Comparative Balance Sheet
Marketable
Accounts
hand.,..
on
securities
.
;
-
les3
receivable,
.
—
—-
.
-——
assets'
Deferred
—-
charges
Good
will
Federal,
and
State
other
losses
.
—
(no
($100
stock
pari
surplus
in
__
(at
treasury
1
\DrI
cost)
The
<
shares
the
of
ing
January—---^/
Gross from railway
Net
ry.
1945
181,769-
161,
p.
-
76,860
income
568. :.
oper.
.-•••
.
-/ •
•
,
1942
to
call,
by
call
to
chase
V.
meeting on
a
bonds
the
of
First
:
.
conducted
under
for employes'
for
The
-
■
v-
its
1943
;
Gain
loss)
(or
216,306
11
i-
17,737,893
Provision
1,488,901
April
at
refund
102V2 .and
1
income
Federal
for
for Federal excess
Post-war
fund requirements.—
'
,1,.
*'••$".'?•*"
"x"'
-
t'r
' """f- **■
•
'*
'
*1
5,'n
' f
a
78,242
2,600,000
" " "" 1 "" "1 "■
■ HI
Kelley Island Lime & Transport Co.—Earnings—
5,518,585
18,173,061
25,231,222
1943
$163,450
$0.53
$93,465
$0.30
?After
Net
—
for Federal
provision
profits of wholly-owned
income
,
23,691,646
3,762,678
432,383
3,762,678
432,378
share
per
company's
parent
the
of
on
Premium
ferred
Earned
subsidiary, Lakeside 8r, Marblehead RR.,
for
provision
paid
Divs.
stock,
compared
to
Balance
the parent company were
to $39,135 in 1943.
For the railroad, tax
provision was $38,534 in 1944, compared to $10,179 in 1943.
The
combined
1944
provisions are $120,890. equivalent to 39 cents per
share of the parent company's stock, compared to 1943 provision of
$39,314, equivalent to 16 cents per share.—V. 156, p. 783.
1944, compared
$82,356 for
Assets—
•
Govt,
Sundry
Both
fund.
speculative bond
(Fixtures
and
in
§Land
equipment, at
distributions are payable March 15 to
Goodwill,
Accounts
1,890,000
(Ont.) Elevator Co., Ltd.—Bonds Called—
Kingston
270,723
4,721,099
9,235,695
31,023,862
1
1.
of
the. Royal Bank of Canada in Montreal.Toronto, Winnipeg, or Van¬
couver, Canada, or at its agency, 68 William St.-, New• York, N. Y., or
bonds,
next,
•in
England. •$'-•
>*
" •
„
. ■* p;
'
■
Vs..
company is prepared ,to anticipate redemption of said bonds,
after March 15,
1945, and prior to May 1, 1945, at the New
London,
The
or
on
York
the Royal Bank of Canada by payment in U. S. funds
plus accrued interest to date of payment.—V. 130,
V-VV VVv.',:. o". ,,: . . ... -
agendy of
at
the rate of
p.
4062.
102,
Co.,. IlHV-trEarnibgS-T'
1943
1942
1941
$834,981
$636,786
profit from sales.
412,008
407,568
363.842
.
$427,413
$272,944
$206,704
23,134
18,085
16,945
$325,665
$450,547
$291,029
$223,648
78,227
79,922
33,067
_____—__
against income
Charges
Fed.
inc.
Sc
Net
,
$134,074
for year__
dividends
Common
-
-
>r
94,301
•Redeemed
ing
per
0After depreciation
and
1941.
in
$5,638
'
^
900
900
on
Liabilities—Notes
255
86,308.*
,
88,257
86.720
$43,091
;
$81,186
$28,696
from
Gross
from
Net
ry.
82,731
87,845
$1.47
$1.34
of $12,938 in 1944, $8,570 in 1943, $5,296 in 1942,
tYear ended Dec. 30.
V
/"■/ v-V
79,731
$1.61
v
81.531
$1.62
Balance
Sheet, Dec. 30,
1914
-
hand and
payable, $903,350; accounts payable, $229,437; Fed¬
$116,164; other taxes and expenses
retroactive wage adjustments, $112,004;
for con¬
accounts payable,
wholly-owned subsidiary, $13,626; reserve
tingencies, $165,000; common stock (79.731 shares, no par),
earned surplus, $551,056; total, $3,087,275.—V. 159, p. 1864.
Laclede Gas Light
$996,637;
Co.—To Sell $22,000,000 Securities
Feb. 16 filed with the SEC 319,000,000 first mort¬
gage bonds
due Feb. 1, 1965, and $3,000,000 debentures, due serially
from March
1, 1948, to March 1, 1955,
Proceeds from sale of the
bonds and debentures,
together with treasury cash and funds to be
company
received
on
sale pf electric properties and from Ogden Corp., will
Laclede in redemption of debt aggregating $32,246,000.
The
to be refunded include:
Refunding and extension mortgage
from
be used by
securities
5Vr
bonds
lateral
and
continue
to
temporary
a
file a petition for
will continue until
usually
requires
15
stay
to
rehearing
a
or
the court files
days.—V.
deter¬
until
161,
p.
give the SEC
to appeal the
its mandate, a
465.
1
1942 J.
1944
1943
$262,458
$136,509
$120,202
10,721
8,116
11,783
$144,625
$131,984
52,590
34,806
28,206
1,800
1,000
1,376
:
____
income
Fed.
estim.
taxes
$218,789220,508
•
$42.48
paid
share—
per
shares
170,055
______
1943, and
— v—
:
Assets, Liabilities
of
$108,819— $102,402
103,009
101,684
$89.39
$77.95
j
1944; 41,313 shares Dec. 31,
31,
Dec.
shares Dec, 31, j 1942.y
Statement
the
shs.)
13,238,243
:
'
•
-
at
Net Assets, Dec.
and
(carried
quotations
average
31,
cost.
$6,286,580
on
1944
t».
the books of
—
1.
Accrued' interest
250,000
250,000
—♦9,119,761
48,511,253
48,511,253
20,316,356
19,496,590
,
fund
in bank
Dividends, -receivable
2,841,699
1112,863,047
at market
Securities,
-
•
receivable—'
Total———-
$7,079,208
127,440
21,680
1,864
$7,230,192
—_
Liabilities—
state taxes—
Reserve for estimated Federal &
4
,
§,075
'
1944, equivalent to $42.48 pey share
for
170,055 outstanding shares
1
1
:_L
-V. 159, p. 2297.
v:." • ' Net
(After
1944.
1944
assets, Dec. 31,
reserve
depreciation
for
of
NOTE—For
1943.
possible
and $7,612,028
order.
mechanical
reasone
it. is
to arrange companies its exact
However, they are always as near
position
riv
$7,224,117
not
alwaya
alphabetical
alphabetical
possible.
as
1944
1943
$39,099
'68,615
"89,293
/
$41,476
•eS.SM
railway.—
"81,218
income..^
s.'«
161, p. 568.
■.
*
$39,538
•65,373
"82,245
See
1942
$36,538
"64,881
"84,338
1945
railway.—^.
oper.
Los Angeles
& Ishpeming RR.—Earnings—
The
Pacific Co.—Redemption of Bonds™
below.—V.
Pacific Electric Ry.
-
161, p. 569.
(P.J Lorillard Co.—Earningsconsolidated Income
Account for Calendar Years
1944
.
result
the
after
of
allowing
due
to
the
with
April
refunding
1.
$9,246,000 at 100:
series C bonds, due
1945,
5 '/2%
first mortgage col¬
Feb. 1, 1953, $17,-
Gross
Renegotiation—
reports
for
full
payment
$2,185,759
net
of
.
1942
1943
^
f
1941
:
or
—
83,832^7
A'
91,914,786 " 77,509,717
511,909
;/479,9H.
„
107,551,003
471,093
463,933
Depreciation
war contracts,
in comparison
previously reported.—
123,790,406 117,331,986 100,526^158;
sold/ sell;,
admin, exp. 112,585,398
and
gen.
—_
renegotiation
of
$4.58
or
$2,242,760
sales
Cost tit goods
that net profit for 1943 was reduced, as
renegotiation, by only $57,000.
Net profit for that year,
corporation
a
$4.71
of
share,
common
a
share
" 9,317,050 ' 8.Q99.463; : 5,843,059
96,939
44,759
' 15,359
income
10,733,914
137,166
profit
10,871,080
9,413,989
8,144,222
988,649
1,018,750
734,286
taxes
Cr46,360
2,025,899
4,253,382
41,660
48.450
2,181,500
2,409,774
183,154
interest—
——-
profit-'—
Operating
Other
160, p. 2648.
Total
Leeds
Lippincott
&
Co.
of
City,
Atlantic
N.
J.—
..j'3:
Tenders—
.
accrued, including provision for
The
14,
in
V
•Deficit.—V.
V.
income, payable 1945,
on
;
(R. G.) Le Tourneau, Inc.—1943
:
in banks. $114,914; U. 8. Treasury cer¬
tificates of indebtedness (due 1945), $85,000; notes and trade accept¬
ances
receivable. $10,169: accounts receivable, trade (less reserve for
discounts of $6,893), $340,419; inventories, $2,045,291); duty advanced
on
Havana tobacco 4n bond, $236,732; inventories of boxes, labels and
revenue
stamps,
$47,483;
investments*. $25,934; fixed assets (after
reserves
for
depreciation
and amortization of $166,770), $112,857;
deferred assets, $68,477; total, $3,087,275.
*
Assets—Cash
taxes
•On
shares—_
Dr 1,912,431
■ 2>rl 18,517
Drll8,517
1944 and $10,505,066 in
Lake Superior
trustee,.' Camden/ N. V,; will up to find in¬
cluding April 7, 1945, receive bids for the sale to it of outstanding
3VuVr bonds dated Jan. 1, 1937, to an amount sufficient to exhaust
the sum of $13,116, at prices not to exceed par and interest to and
including April 13, 1945.—V. 159, p. 843.
The
eral
Dec.
on
$7,783,241
January—
$116,316
$54,093
par)
share__.__
(no
plan
$273,179
(After reserve for amor¬
in 1943.
SAfter reserve
for depreciation of $8,400,609 in
1944 and $7,508,729 in 1943. fAfter
deducting $4,100,000 U. S. tax savings notes.—V. 161, p. 769.
of
amounted
Earnings
to
stay
Income—
assets
•Net
53,471
$132,248
* 79^981
surplus
com.
outstand¬
Balance,
Shares
"
the
$87,663,281 $93,865,651
$10,883,613 in
53,862
202,877
dividends
Preferred
64,481
•
$167,749
113,364
—
profit
2-to-l
a
profits
exc.
taxes
taxes__
Total
Net
income
Gross
in
23,
Feb.
consummation of
Net V Income
Cash
shares of rcapital stock reacquired:
preferred stock—191,114
Common stock—5,900 shares
383,242
$292,597
profit from sales
Other income
.
to
$589,945
Sell., adm. & gen. exps.
•Net
.
11944
$704,605
Years End. Dec- 31—
Gross
profits
excess
Special
tization
Kldk
Emil)
(D.
&
surplus
of
Cost
'fv
.
„
income
for post-war
Earned
affirmed
Appeals
restrain
to
agreed
which
Dividends
$1,228,570
1,210,483
$1,510,359
862,236
3,468,547
adjustments_.___.
Special preferred stock (par $10)_
Com. stock without par value (2,357,574
1950, have been called for redemption on May
interest.
Payment will be made at any branch
and
102
proposal
a
Assets*-.
Fed.
for
Prov.
1,
May
due
at
I
salaries,
Reserve
first mortgage sinking fund gold
the outstanding 6'/V 20-year
of
approving
duties with respect to it, save only an inquiry whether
is to be revoked, which the SEC concedes it may not
The
for
Prov.
_L__ $87,663,281 $93,865,651
payable—trade creditors
payable—merchandise in transit
expenses, taxes, etc.
(includ¬
Accounts
on
no
court
Deductions
429,065
3,190,000
Liabilities-
Accrued
of
Total
1
—
Court
Interest:
259,517
leaseholds, etc
______
29
Michigan, affirmed the lower court's ruling, observing
has presently no regulatory or supervisory control over
of
opportunity
37,981
Total
March
vote
20,341,355
ing taxes withheld)
All
14,385,575
788,562
4,201,385
8,583,445
30,698,153
total payment on
the
-
for
Loomis-Sayles Mutual Fund, Inc.—Earnings-
(est.)
at cost
buildings owned in fee_____*
and
will
motion
"the SEC
Dividend
es¬
rents, etc
cost—
Co.—
Power
&
proceedings pending before the Commission, involving the
Long Island Lighting under the Holding Company Act, was
of
The
420,031
prof, tax
excess
called
Calendar Years-i-
13,552,877
transit)
Light
of
decision.
1943
10,219,964
(Leasehold improvements,
the series "B4" shares, five cents per share
is a special distribution out of realized profits.
The payment on. the
series "SI" shares does not include any distribution of profits.
Payments in 1944 on these shares were as follows: On series "SI,"
55 cents on March 15 and $1 on Sept. 15; on series "B4," 35 cents
on March
15 and $1 on Sept. 15.—V. 161, p. 768. <
Of
of Fed.
refund
Prepaid insurance premiums,
record Feb. 28.'
shareholders of
in
mdse.
to
161.
Commission.
SEC's
process
526,184
(incl.
mdse.
landlords, deposit
and miscell. notes receivable-
Post-war
Inc.—Distributions—
fund
stock
of
advances
sub¬
owned
purposes.—V.
$15,482,679 $11,308,759
debtors
&
Loans
Electric
(Mass.)
Circuit
S.
exemption
an
above.
1944
cost—
wholly
expansion
holders
31
;
at amortized
securities,
Inventories
cents
50
'*$2.26
expenses
Dec.
______
S.
U.
corporation as trustee announces semi-annual distributions of
per share on the Keystone series "SI" high-grade common
and 35 cents per share
on
the Keystone series "B4"
This
'
;
in
Sheet,
Cash
crow
Keystone Custodian Funds,
(Included
improvements.
post-war
for
new
a
recapitalization plan would "scramble" the interests of preferred stocks
who have protested the plan before SEC.
19,496,590
$2.25
•Earnings per share after provision for post-war adjustments was
(Including amounts charged as rental of owned properties and
leasehold
of
appropriately pre-judge."
*
Judge Charles E. Clark of the New York Circuit Court, In a dis¬
senting opinion, declared that the "power and duty" of revocation
of Long Island Lighting's present exemption from
provisions of the
Holding Company Act was stressed in granting exemption to Long
Island in 1936, and that the company's action in consummating its
$2.16.
$115,505,
new
.
Corp.,
been
Long Island,
719,805
20,316,356
surplus at end of year__
Earnings per common share
equivalent to 37 cents per share in 1943.
Provisions
for Federal income tax
by
capital
150,000
the
Simons,
that
tax.
Federal income tax, were $46,151 for 1944, com¬
pared to $22,040 in 1943, which income is not included in the parent
company's profits."
In 1944 the combined net profit was $209,601, equivalent to 68 cents
after
—
—
on com. stock ($1.60 per share)
special pfd. stock (60c per share)
paid on redemption of special pre¬
stock, less expired scrip canceled
Divs.
1944
Earnings per common share
!
to
originally denied by Judge Harold M. Kennedy in the Brooklyn court
on the ground
that the court lacked Jurisdiction.
Circuit Court Judges Joseph C. Hutcheson, Jr., of Texas, and Charles
an
profit
U.
status
C.
Total
stock
motion
a
mination
imw
nil,
II
5,?34,632
19,496,590
—
company's
The company also
stock on a regular
ruling of the Federal District Court in Brooklyn deny¬
by the SEC to enjoin the company from consummating
plan of recapitalization previously approved by the New York Public
ing
Dr73,545
13,000,000
10,000,000
Crl,300,000 Crl,000,000
.
profit for the year_____
Earned surplus at beginning of year
the
1.
Long Island Lighting Co.—SEC Appeal Denied—,
■*;
r,
-
220,416
147,249
2,600,000
Net
Hi-Lec
have
decision,
17,118,585
taxes
profits taxes
establish
to
the
April
formation
disclosed
stockholders
The
373,798
-
——~
credit
in
common
par
split-up the capital stock on a three-for-one basis.—V. 160, p.. 2544.
1,492,694
20,034,632
Provision
intended
no
effective
Wachusett* Electric Co.—V, 138, p. 4129.
The
of Chicago
it
change
a
of
stock,
15.247,396
•
income
approved
shares
value
Loew's, Inc.—Stock Split-Up Proposed—
250,000'
"
1864.
Bank
r
2,259,416
—
.l
300,511
;
redemption on May 1, next, at 102 and
interest. $16,000 of first mortgage 5% sinking fund gold bonds due
July I, 1959, at the Central Hanover Bank & Trust Co., corporate
trustee, 70 Broadway, New York, N. Y.—V. 160, p. 936.
124,021,970
233,656
sales of U. S. Govt, securities
on
other assets
that
the
There
2,093,781
—
have
50,000
par
Leominster
..:•'.$
..
tenants^---—440,173.
other
983,492
,,,
Merger—
of owned proper
rental
as
from
received
679,558
"276,810
311.
com¬
107,889,730 106,048,852
ties and leasehold improvements-;*—-
Rentals
.
—
—...
charged
vtAmounts
56;454
-
income
1,064,637
Litchfield & Madison Ry.—Partial Redemption—
*
*
$3
directors
sidiary,
p.
/
!•■■/."■ $
-
from
of
announced
utility
public
1944
.
•„/*'' ..l 4.'' >•«:
J•',.
/*'
1943
$4,851,472
2,172,079
569.
161, p.
stockholders
Service
Calendar Years—
;
of
the
under
the
retirement pension plan
adjustments
post-war
1943
$6,876,298
1,671,036
quarterly dividend basis.
160, p. 328.
•Net
•
The
structure
See
amortization
and
1944
$7,425,836
,
income—'
oper.
shares
under
127,955,060
depreciation
Miscellaneous other income.
National
to meet sinking
the SEC,
made in furtherance
in public utilities.
merchandise sold & oper; expenses—
for
Net
$212,249
111,688.;
Feb. 22 the directors stated that autlioriy
because the company was unable to pur->
the open market
in
bonds
given
was
the
its 4^ bonds on
of
$100,000
lot,
At
interest.
authorized
have
directors
'
-
Provision
,
Co.—To Redeem $100,000 Bonds—
Katz Drug
being
Ogden
sales
(Cost
.
Total
The
ry.
J945
640,449
■
railway
railway—__
•Deficit.—V.
The
-
Light & Telephone Co. below.—V. 159, p.
Western
is
by
V,:•
Go.—Merger Proposed—
Kansas Power
See
Net
'
and
-
being offered
Calendar Years—
/
'1943 V
$329,434
181,719 :-'•194,944
77,629
98,688 :
•
"'
1944
$331,257
•»
$350,002
railway-'—•
from
Net
J
,
with
19
(S. H.) Kress & Co.—Annual Report—
;Gul^ Ry>-^arning&~
Ka«i»B Oklahdma &
is
Ogden
by
Provision
1944 and $3,008,025
Feb.
statement
petitive bidding requirements of rule U-50
Holding Company Act.—V. 161, p. 464.
tRepresented by 560,000 shares (no par).—V. 161, p. 768.
1943.
—r\.
in
depreciation of $3,404,732
from
Leland Electric Co., Cincinnati, O.—Stock Increased—
program for disposition of its investments
Sale of the new common stock will be
Provision
in
for
reserve
registration
a
stock
common
new
Gross
•After
Net
the terms
of its plan of reorganization* for itself and its subsidiaries.
The plan
was
approved by the Commission on May 27, 1944.
The public offer¬
$18,119,350 $16,668,472
Total
filed
from
Gross
Mellon Securities Corp.,
by
led
one
$6,453,214
January—
amendment.
5,000,000
5,770,073
2,810,398
• 212,168
.
Lehigh Valley RR.—Earnings—
>
;■
2,165,296 shares ($4 par) common stock, which are being
its parent, Ogden
Corp., and which will be sold for the
of
that
company.
The offering price will be filed by-
to
account
250,000
:
5,000.000
5,770,073
3,226.590
267,485
par>__
include
They
company
issued
51,584 >
972,384
237,352 ,,
650,000
250,000
/
«—
_
stoek
tCommon
Stock
—
—
cumulative preferred
Earned
The
covering
accident
automobile
insured
4V*Vc
accrued
taxes
$1,138,849
,
51,000
1,657,623
393,435
650,000
—-
and inventory valuation
and other self-
contingencies
for
:_
items
accrued
for
Res.
payable
'-"V./-V
ready to compete for the new
ave
Registers Common With SEC—
-
$1,388,114
—
dividends
banking groups
Blyth &
Co., Inc., and Smith, Barney & Co.; one by Lehman Bros., Goldman,
Sachs & Co. and First Boston Corp., and one led by Helsey, Stuart &
Co., Inc.*,
securities.
.
$18,119,350 $16,668,472
—_
)/'/
payable
Preferred
Res.
—
—
Liabilities-—
Accounts
—
——
Total
Other
etc
machinery,
buildings,
•Land,
.
reserve——
Inventories
Other
Jan. 1,'44
$2,498,612
$1,868,870
4,011,679
3,569,474
' 515,681' •;.>"* 425,591
6,414,899
5,847,231
353,765
321,408
1,089,439
1,029,419
3,235,274
3,606,478
1 v
1
! Dec. 30, *44
Assets-—
Cash in banks and
.
investment
5V2 r/o
refunding
at 100, and first mortgage collateral and
bonds, due Feb. 1, 1960, $5,500,000 at 100.
500,000,
1941 and 1942.
If the refund claims
$1.21 per share of common stock.
excluded 1943 earnings were
989
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
161
Camden Trust' Co.,
amort
Int. and
Renegotiation
adjiist...
Federal inc, taxes——
•Fed. exc. prof, taxes..
State
income
Minority
Net
Lehigh Coal & Navigation Co.—Partial Redemption-
1777)
Provident Trust
nut
sts.,
for
called
improvement
and
and
1308
been
have
There
funding
105
at
Co. of
Philadelphia,
redemption
on
July
1,
next,
six
4%
surplus
Previous
Refund
process,
from
Net
ry.
cost
value
1944
,1943
1942
$404,772
$483,912
$437,301
$381,661
59,633
39,636
railway
155,077
124,301
90,688
81,784
railway
oper.
income
The
,
;
103,367
Tradesmens
National
Bank
Co.,
& Trust
trustee,
1420 Walnut
will until 3 p.m. on March 14 receive bids for
1, 1945,. of general mortgage bonds to an
amount sufficient to
exhaust the sum of $102,221, at prices not to
exceed 102 and interest,—V. 161, p. 569.
sale
to
it
as
of
•
,
.
3,572,362
686,000
2,415,111
3.914,703
686.000
2,246,634
9,383,168
$ 686,000
2,246,630
471,251
17,541,470
' 982 069
16,573,187
t 450,533
15,851.201
——
——
300.000
1^,601,739
April
.
1,930
and
7%
panies'
51,552
13,785
)
•
Shrs.
t't
com-
'.\£*
stk. purch
and
com.
v-18,500
oar
over
subsid.
value of
17,555,256
))ar
over
5%
18,012,721
■
71,375
-
Philadelphia, Pa.,
the
of
cost
Excess
Profit
Tenders Sought—
St.,
81.731J
—16,828
18,636,425
bonds redeemed
1945
January—
Net
taxes—
Total——
Excess
from
),771,180
916,000 [
Philadelphia, successor trustee, 17th and Chest¬
Pa.—V. 161, p. 671.
Lehigh & New England RR.- -Earnings—
Gross
—-
'
* ,
675,257
17,961,168
dividends
dividends
Surplus
mortgage bonds (Nos. 126, 301, 497, 788,
interest.
Payment will be made at the
and
687,242
1
2,497,5021
3,607,849
686,000
2,246,592
income
Preferred
Common
6,858,418
.
loss surp._
18,634.496
17,541,470
17,961,168
__
10,053
16,573,187
outstanding
1.871.9P0
1,871.940
Earns, per sh. on com.
$1.72
$1.44
•After
post-war
refunds:
1934, $476,000;
1943. $249,000; J929,
$90,000, and does not reflect tax reduction of $11,"'SI in
1944 . and
-$219,774 in 1943, resulting from premium on bonds redeemed. ! ' ^
(par $10)
2,246.682
$1.30
2,246.348
$1.28 *
-
:
'
-v4
]/)
>
v\v
»(
"iiV;
/
I'
".-ry*r
^
»(
»
^
'♦ ,Vi
'•',V>";X
•
«:"4
•■,
h-i.^r
THE COMMERCIAL & FINANCIAL CHRONICLE
Lee
Consolidated Balance Sheet, Dec. SI
iStvCash
S.
U.
and
hand—
on
^A51.m
1,000,000
-
Treasury savings notes series C A.„„„
receivable (trade)—--—-—-;—--
•Accounts
receivable-
accounts
Other
Inventories
■.■■■,-
b'lti'^S
and
plant
tPropertv,
"trade-marks
Brands,
Deferred charges
Total
-
-
375,000
307,772
b,34i,ooo
328,711
-
-
-
—
•
of
26
cumulative
preferred
shares
Hughston
M.
intention
no
-,90711
preferred
the
of
stock
ferred
\
McBain,
to
approved
the
to
,
Eallots
Feb.
issuance
presently
of
300.000
new
O'/c
outstanding
President,
stockholders
told
the
Midland Utilities
i-i
A"XS?'——1.'.——!!1-
Midland
and
Tax
3ft
debentures
-
JS449
I contra)
.
..7%
-T——r———
—
gold bonds 1944
si/
bonds
cold
V,
———————
1951
9,800,000
Inc.—12-Cent
Gross
above.—V.
have declared
of
record
Feb.
dividend
a
payable
$1,
par
from
28.
769.
p.
of
12
cents
last
year
10 cents each;
'
-
share
per
income
investment
Payments
20, June 20 and Sept. 20,
161,
were
and
Dec.
ry.
the
on
March
on
follows;
as
23,
14 cents.
.9.800,000
Net
of
Jan. 3, '42
Jan. 2, '43
$2,241,272
82,033,770
$1,899,854
2,142,331
2,068,137
2,412,390
JEarned
surplus
Total
$173,135
$221,381
3303,471
$139,002
_____
Total
yardage
Total
$90,492,149 $86,807,795
Charges
Unfilled
'-After
$458,502;
1944,
reserves:
for
ture.—V.
<.„*
dividends
cash
common
160,
Assets—Cash
v
rl
"
•
;
T
Month
of
;r'~-Railway
Earnings—
Federal
'
Other
•
•'
•
958,066
operating
expenses—:
income
taxes———
i
485,000
78,689
74,778
1945
$1,742,98a
revenues
taxes
4
$1,813,697
973,220
426,600
v
January—
operating
Railway
'
t
'•
4
-*•
—
„
$58,562; total,
Railway
Equipment
Joint
income
debit).
rents. (net debit)
operating
rents
facility
Net
—V,
railway
—
income
operating
$220,653
excess
earned
The
The
Sales
X
V
of
as
yl-.-v.'X
Exchange has authorized the listing of $53,mortgage 3%^ bonds, series
dated
1944, due April 1, 2003.—V. 161, p. 881.
"V
first
31,
1,
J'\,1
♦
*.
•
>
•
"
•"
"
-
Net
sales
Ret
income
half
Earnings
^
j
per
charges
common
Net
income
—V.
for
Quarter
1,317,281
See
59.265
26,281
70,528
27,083
^
dated
Ended
stock.
—
••
■
(par
1943
Suburban
$1).
•
115,586
r-
•
;
Redeial
income
Federal
—
income^..
tax_
/
of
364,880
at
share
adoption
of
which
the
709,321
increasing
on
(par
$1)
stock
will
to
the
taxes
net
a
again
took
the
income
after
taxes
preferred
the
on
dividend and
for
Dividend
reserves
819,000
,C,
;
Condensed Balance
-
'
pension
stock
and
the
greater
of
80
X
of
this
—
goods
to
011
Packing
Co.
general
(less
reserve)--
and
——
704,000
1,350,670
——.
receivable
373,114
Prov.
supplies
administrative
and
Normal
tax
Post-war
402,794
accounts
income
and
Insurance
and
other
107,554
—66,567
funds.—
76,196
;
X 93,947
94,956
-
—
surtax
Capital
.
refund
Net
on
Accounts
1_.—
payable
Tax liability
Interest
for
Assets—Cash
loss
229,773'
N\204,22i
765,483
38,367
5,680,540
25,208
94,031
—_
Total
—V.
91,912
2,025,764
2,025,764
1,158,325
1,080,640
.
-
^
■
$22,583,441 $22,434,552
—
157.
;X:.z
1639.
p.
January—
$5,025;
accrued
taxes
surplus
Federal
accrued,
of
'
X
$1,611,244
1,394,607
1,299,701
132,076
123,969
34,073
38,515
•jwnf..
:
rents (Dr)_i
23,668
:
railway
operating
income
;as
income
—
^u__—__
—
V-
..
'
■'
•V4"- Gross
income
Deductions (rentals, interest,
'■
.
''
"Net
X"
income
X ,r^V* 161> p-
$163,274
145,093
$116
$18,181
($100 par)
statement
cumulative
The company is giving holders of its outstanding 6X cumulative
preferred shares and 6«ft cumulative preferred shares second
series,
the' right to offer them
for
exchange, prior to March 19 for
the
shares
covered
'
certain
cash
by
the
payments
registration
by
the
statement,
company,
and
share
subject
for
to
share,
a
plus
dividend
adjustment.
•After
offered.by
an
for under the exchange offer will be
publicly
underwriting syndicate headed by Glore, Forgan & Co.,
a
cost),
surplus,
Dr$3,347,
•
'
$468,818;
total
$455,939;
taxes,
treasury
;
158,
.!»
•'
C"
-
first
comply
income
Dec.
and
.
•
Federal
The
of
+1944
,
$205,677
133,095
The
by
$1.61
and
excess
p.
profits
taxes
and
renegotiation
2405.
plan of
SEC
hearing,
a
of
its
March
14;
on
an
application
of
A
form
Co., for
order of the
an
extension
Commission
oi
one
dated
year
Jan.
to
24;
312.
reorganization, dated Sept. 30, 1944, has been approved
by the U. S: District Court for the District of
(2)
a
Biggs
ballot
approving
plan
for
acceptance of the plan, together with a return
containing (1)
the plan or reorganization,
the plan, (3> a summary of the opinion of Judge
booklet
of
summary
the
plan,
have been sent
and
(4)
the
report
to security holders
of
of
the
SEC
approving
both companies
affected
by the plan.
The
plan of
26,
is
designed
to
terminate
25
On
cents.
series,
the
cents
Trade
Commission
adjustments
due
class B
1974,
Dec.
on
stock
now
are
Trust
the
26.—V.
is
company
and
cost
transactions
the
protracted
of
Co.,
company
160, p.
2545,
be
to
25
ordered
the
of
found
the
excess
concerns
of
by
the
1946,
the
Missouri-Kansas-Texas
disposing
amount
actual cost
acquired
in
$5,086,428, which is to be amortized
210.
p.
to
company
required
as
accounts.
required to file entries by Jan. 31,
other charges in plant accounts in
properties
161.
Feb,
on
totaling $51,978,025,
system
going
of
Over
arm's-'ength
over
15-year
a
RR.
Equipment Trusts Of¬
Halsey, Stuart & Co., Inc., on Feb. 26 offered
1V2 % equipment trust certificates at prices
ranging from 0.80% to J.80% according to maturity.
fered
—
—
$952,000
The issue
was
awarded
Chase National Bank with
Manufacturers
&
for
Bank
dividend
a
bid of
&
Co.
March
of
rate
with
1,
of
Co.,
99.65.
l5/e%;
of
Other
bidders
dividend
a
N. • Y.,
rate
were:
of
with
l5/s%;
bid
a
of
Harris,
Hall & Co., Inc. with a
13/4; Salomon Bros. & Hutzler
rate of
bid
for
Buffalo,
dividend rate
a
a
1945,
bid
a
bid of 99.772
Trust
dividend
a
10C.029 for
Trust
Dated
on
a
Traders
10C.0388, for
a
of
99.73
1^4%, and Central Hanover
for
dividend
a
1
of
rate
due
semi-annually $68,000 on each March 1
and Sept. 1 from Sept. 1, 1945 to March
1, 1952, inclusive.
Principal
and dividends (March 1 and Sept. 1)
payable in New York.
Definitive
in
coupon form of $1,000 denom., registerable as to prin¬
redeemable prior to maturity..
Issued under the Phila¬
Guaranteed unconditionally as to principal and divi¬
plan.
by endorsement by Missouri-Kansas-Texas RR.
These certifi¬
cipal.
Not
delphia
dends
cates
to
to
are
cost
be
secured
by
standard-gauge rolling stock estimated
new
less than $1,190,000.
not
•
Interest Case Set for April 30—
•
The
suit
their
Louis
the
of
the
April 30.
action
5s
filed
was
of
1936.
that
will
payment
fixed
a
aggregate
1967
in
April,
1944,
which
on
by
interest
$475
further
improves
from
from
Net
ry.
the
bond.
contends
status
of
for
'•
The
management
that
the
purchase
adjustment
Month
of
1945
railway
>
-
j
adjust¬
contends
of
senior
bondholders.-
ob¬
!
January
1944
1943
1942
'
$7,217,685
$6,251,665
$6,412,261
$3,369,178
2,285,050
2,020,158
2,222,874
843,005
660,683
783,324
921,808
394,000
railway
oper.
161,
a
adjustment bond interest, although cumulative, is
charge and its payment is discretionary with the directors.
management
Net
holder
a
payments
alleged the railroad's di¬
to pay interest on these obli¬
of
January—
Gross
■/
The petition
acted arbitrarily in failing
while using revenues to retire other securities.
>;
interest due date is April 1 when accumulations on
bonds
\
-
,
next
ment
not
The
mortgage
made since
had
gations
The
.
adjustment bondholders, seeking interest payments
is scheduled to be heard by the Circuit Court in
holdings
on
adjustment
rectors
income—
881.
p.
Montgomery Ward & Co., Inc.—Army Gives Up Two
Units—Reveals Giving WLB's Pay Rises—
Ward
The
Army has relinquished active control of two imoortant
depart¬
company which were seized, along with other Ward properties
Chicago and in six other cities by Presidential order last Dec.
ments of
was
disclosed
Federal
Feb.
District
Departments
and
back
At
reorganization
3'/a'r
temporary bonds at the Irving
York, N. Y.—V. 161, p. 312.
of
Co.—Reorganization—
acceptance of
plan of reorganization of Midland
Midland Utilities Co. expires on Feb. 28, 1945.
a
248,316
$393,678
original
in
of
237,673
$424,290
bonds,
for
New
uniform
write-ups
—V.
and
and
20,693
$30,629
also
the
subsidiaries, Central & South West Utlities
Delaware,
envelope
$641,994
Earnings
time" for
the
$661,963
The Commission
127,335
;
Public Service
Midland United
The
280,763
$51,322
$46,891,597.
St.
'
$1.49
1
integration
p.
United Co. and
$922>756
245,791
Sept. 30 and 1
on
accounting
ligations
hold
an
161,
$907,754
23,344
mortgage
Corp.—Hearing March 14—
two
American
with
$74,666
14,655
10,050
exchange
have not been
share_______
will
1,C96,451
3,045,599
$56,579
paid V/2 cents
2254;
p.
I
-
1945
tAdjusted—V. 160,
SEC
1,237,942
stock
for
cents;
of
•
$213,293
Federal
and
105,038
.
30
stock
common
$1,991,781.—V.
''v
'
.
shares
common
Middle West
The
450;25O
148,820
$5,515,056
Missouri-Kansas Pipe Line Co.—20-Cent Dividend—.
on
' •
corporation and
653,152
A dividend of 20 cents
per share has been declared on the common
stock, par $5, and a dividend of 1 cent per share on the class B
stock, par $1, both payable April 3 to holders of record March 16.
'
Payments on the common stock in 1944 were as follows: Sept.' 30,
The
the
..._£hares not subscribed
at
earned
'V'"*
per
1944.—V.
registration
.
of
Earnings
29,877
Marshall Field & Co.—Preferred Shares
Registered—
ifThe company filed Feb. 23 with' the SEC a
..
profits
excess
minority interest in capital stock and
company,
$8,838;
$2.40
convertible
preferred
$203,920; common stock fpav $1), $258,322; paid-in
profit
Number
37,750
161, p. 671.
Definitive
$133,397
139,822
covering the issuance and sale of 150,000 shares
preferred stock.
and
accrued,
wages
$31,601;
6 Months Ended Jan. 31—
15,662
$83,994
55,944
$139,938
etc.).—
income
payable, $150,-
844.
p.
39,250
$81,284
bid of
1944
•
Co.,
'X
shares,
159,
provisions.
Net
Other
30,
Micromatic Hone Corp.—Earnings—
~
$1,668,418
X'JdiHt facility
;
1944
expenses
(Or»
Dec.
subsidiary
(par $20),
surplus, $104,363;
V.
$5,943,403
3,144,555
;
certificates
v
1945
Taxes
X
•
revenues
rents
Sheet,
on
Liabilities—Notes payable, banks, $302,650; accounts
533; preferred dividends declared, $6,118; salaries and
other
270,267
deducts.__
pfd.
$1,991,781.
A*'""':.'*•'
Maine Central RR.—January Earnings—
Equipments
Balance
and
1945—12 Mos.—1944
245,073
$66,629
other
hand, $476,197; U. S. Treasury tax
series C, $136,000; accounts receivable (after reserve of
$410,261; inventories, $349,147; fixed assets (after reserves
depreciation of $361,251), $401,125;
intangible assets,
$128,177;
other
assets,
$83,988;
prepaid
insurance
and
rent,
$6,886;
total,
(613
'
Operating
^Operating
$158,874
for
•
:X/
Month of
3,846
$231,507
$18,157),
stock
•X '
$162,720
4,474
savings notes,
2.200,000
,
—
banks
in
209,007
$437,721
income
with
6,149,731
30,822
5,936,096
-
depreciation
and
$235,981
^
532,310
Wisconsin
.
1945—Month—1944
taxes
99.728
$4,095,000
1,019,812
21,771
credits
Insurance and casualty reserve
SuTplus invested in plant
Profit
V——
-
interest
:
$4,095,000
—
accrued
unadjusted
Reserve
minority
income
6,149,731
1,900,000
—
capital stock--
payable
Other
before
29,625
*
\
income
53,820
299,492
35,574
(Cr)_
401,485
136,758
JExcludes
445,169
Central
Ry.
Mississippi Power & Light Co.—Definitive Bonds—
'
54,245
355,740
.•
stock
Premium
Notes
<
—V.
1942
$2,037,788
770.
p.
depreciation.
"for
on
+
1943
$3,080,707
$514,427
$486,407
._T
Consolidated
Liabilities—
47,944
*
$22,583,441 $22;,434,552
-
558,439
taxes:
Minority interest in earnings of subsidiary
Net
Total
672,818
expenses..
tax
565,917
86,354
unadjusted debits
9,705,785
51,028
.
Prepaid
Other
.
Wisconsin
161,
expenses
period.—V.
Federal
Excess profits
510
—
for
608,714
income
Divs.
Jan. 1, '44
9,142,070
Net .profit
' 982,696
362,693
.
8c
make
$10,476,308 $10,798,574
depreciation
158,
RR.—Earnings
+
11944
''45,931
tlncludes
Ry.—V.
Commission's
$610,392
for
dated
Montana Power Co.—Gets Write-Off Order—
Ended
sold
Coupons
manner.—V.
& Sault Ste. Marie
,
.
53 Weeks
1943
664,566
receivable
Materials
of
Conn.
usual
$2,308,512
inccme___
oper.
for
Net
at
same
equal
share
.
Dec. 30, '44
sales
Cost
$19,554,331 $19,531,127
Investments
Interest
Prov.
shares
part
per
for preferred dividends.
Period—
the
64,101
trustee, One Wall St.,
$231,507,
cents
in
$1,777,549
revenue
The
Net
re¬
161,
authorized
Ended
Selling,
1944
,
investment
Accounts
440,671
Sheet, Dec, 31
Cash
XX'.'
ry.
"Deficit,
Comparative Consolidated Income Statement
Provision
I'
Assets—
Plant
Other
819,000
345,944
—
Depreciation
Net
Central
571,244
$1,191,467
B
on
The
1.—V>
Co.—Merger-
Hartford,
gives:
1.00C.O00
remain
St.,
presented
11945
from
railway
from railway
company's
employee
an
Main
be
Minneapolis St. Paul
Int.
of
777
should
January—
Gross
Gross
During August company acquired the Titzel & Lloyd
Paris, 111.—a pork processing and slaughtering plant.
694,242
$1,152,757
8
shares
stock after providing
common
trustee,
1945,
Operating
52 Weeks
Balance
1,
available
Income
remained
1.
Oct.
Co.
Mississippi Power Co.—Earnings—
Report Year Ended Dec. 30, 1944—
per
interest
April
the
sup¬
the
Period End. Jan. 31—
$2,204,376
shares
preferred
authorized
l'/r
paid
disbursed
of
for
the
$38,000 outstanding 6 V2 ';'c
10-year first mortgage gold
hav^ been caked for redemption on March 1, 1945,
Payment Will be made at the Hartford National Bank & Trust
successor
Gross
1944
proposal
a
10,000
March
vote
the
be
be
bo "id
of
1280.
p.
2637.
p.
(par $20).
$610,392.
there
the
2,579,550
430,7.73f
697,749
-
than
$5,401,383
2,839,361
X
•_
other
159,
the year reached a new peak.
This was not reflected,
sales however, since during the comparative periods prices
changed by regulation.
Profits before taxes reached an all time,
$22.70
1943
$5,829,961
-
—
Maintenance
Taxes,
approved
on
approved
350,000
1943,
will
will
the
earnings
four
(extended)
par.
Co.,
money
but
1944
;v
of
bonds
at
Tonnage for
in
.
high
•
will
from
The
shares
Annual
Lynn Gas & Electric Co.—Income Statement—
12 Months Ended Dec. 31—
Operation
also
1,
bonds
Electric
569.
p.
stock
$13,085,586 $10,141,929
36,774
•
,
;
27
option
an
They
161,
Feb.
on
stockholders
15,000
1944
—
The
$4.14
30
Dec.
after charges and taxes
revenues
$5,557,386.—V.
1945
Voit
Apr.l
payment
by
from
section
in
bonds
mortgage
authorized
declared
provided
A
on
A
adjustment
been
been
As
A
(The) Miller Co., Meriden, Conn.—Calls Bonds—
Provision
A.
have
have
4'.;
the
series
on
1944.
the
of
Worcester
All
income
$2,114,843
stockholders
common
were
Gross
accrued
Federal
of
Mickelberry's Food Products Co.—To Increase Stock—
682,957
—
.
———
161, p. 9.
others, $2,929,456;
(exclusive
January—
Alvin
common
1943
$2.15
taxes—
share
,
sales
Net
'
!
and
Earnings
|
i
taxes
Mengel Co.—Stock Option Authorized—
$54,743,937 $52,338,397
-
;
accounts
161. p. 465.
Pres.
1942
$130,691
*
Balance
1944
—
after
customers'
15-year 6'i coupon notes due 1958,
capital stock
($100
pari,
$1,000,000;
total,
1943
90,685
Milford Electric Light & Power
(& Subs.)—Earnings—
Years Ended Oct. 31—
.
$589,823;
-
•
to mills and
State
retail
at
plan.—V.
Lukens Steel Co.
and
1944
$161,155
ser.es
indenture,
half
Net
$200,000;
reserves,
surplus,
The
refunding
and
Oct.
cV/I.
RR.—Listing of Bonds—
Stock
York
New
835,000
Federal
1634.
75,314
4 r'r
B
payments
Dec.
and
March
$587,133;
profits taxes), $81,147;
Month of
$214,623
—V.
Nashville
hand,
011
11,262,507
15,626,533
1944
Melville Shoe Corp.—January Sales Off 4.1%—
161, p. 769.
Louisville &
and
Liabilities—Accounts payable
$280,699
57,078
8,997
$279,628
47,713
11,262
—
(net
banks
30,
Dec.
$5,557,386.
interest, $9,960;
and
$747,000;
>
in
10,792,571
Sheet,
receivable, less unearned interest, $3,534,699; U. S. Treasury tax notes
(after applied to offset tax liability of $491,803), $235,507; other mar¬
ketable securities, $lli,160; investment at cost (Granitcville Co., 49,500
shares). $1,030,325; estimated post-war reiund of excess proiits tax,
'
Louisiana & Arkansas Ity. Co.—January
.
i'-- '• !<.
12,194,171
Balance
160, p.
569.
p.
1941
year-
end
832.
p.
at
?Of whicn $12,541,470 not available
provision of 3'!v debentures inden-
under
vi-';r"/
,
+After depreciation.
$417,752.
1943,
—1944, $5,452,408;. 1943, 85,452,408.
1942
1943
212,305,557 219,015.725 231,609,849 222,725,874
$54,681,585 852,142,542 $54,011,727 $38,883,516
orders
160,
Data
1944
17,961,108
18,634,496
—
.—
—
Del.—V.
18,91.)
of
the
on
ended
maining
1,598,383
Sales
—
99,
$162,372
"
-I;
special
55,67'J
__
payments
1%
plemental
Jan. 1, *44
$2,331,332
profit
before
Hastings,
$143,044
______
income
oper.
Interest
and
bonds
exp., int., deprec.
Federal tax.
and
railway
railway
directors.
;
Dec. 30, '44
income
Oper.
or
Interest Payments—
20
McCampbell & Co., Inc.—Earnings—
Years Er.ded—
Total
on
Valley RR.—Earnings1945
from
from
>ear
G,19o,450
19,680,000
b,195.450
cumulative preferred stock (par $100)^-
,p7%
holders
—V,
.
19-360,000
—
--
1963—II—
debentures
222,033
stock,
March
(funds on deposit),
Interest and dividends
Bond
-
—
—
?gR 515
198,olo
355,508
advertising
miscellaneous
to
5,419.71
279.07-
206,449
Interest
Accrued
capital
228.1b5
,870
270,672
—i:
Accrued
'
3-0,000
134,8/7
taxes
Accrued
-
320 000
320.000
payrolls
Accrued
Fund,
Net
The directors
1944)
due in
(amount
Accrued
Second
Net
payrolls—
bond deductions from
war
Investors
Dividend—
$1,311,307
1.393,756
master
Co.—Acceptance of Plan Urged—
United Co.,
January—
Massachusetts
special
on
„nnn„nn
-—52,000,000
(bank loans)-
payable
the
promptly to Daniel O.
American Bu.laing, Wilmington
Continental
See Midland
Liabilities—
Notes
,
,
by
mailed
be
2405.
p.
has
company
requirements of $262,500 if the dividend rate
\xW/<, as is now expected."—See V. 161, p. 465.
is
and
that
leceived
be
must
1945.
should
28.
master,
;
recommend
-
more- than 150,000 shares of the hew pre¬
the move would "effect a reduction in annual
that
trustees
Ballots
dividend
shares
new
effect payments and distribution of
security holders as promptly as possible.
the security holders cast their ballots
promptly in favor of acceptance of the plan.
All committees repre¬
senting security holders join in this recommendation.
;
issuing
and
proceedings,
securities to the creditors and
amendments
two
the
replace
reorganization
The
incorporation, one authorizing a plan of re¬
other broadening the objects and purposes
the
preferred shares.
590,492,149 $80,807,795
-
supplied by"
price to be
a
for which the company was organized.
The recapitalization amendment authorizes
1,450,248
390,937
profits tax (est.)-—
equipment—and goodwill—-
of excess
refund
Post-war
Feb,
on
company's articles
capitalization and
150,743
312,oOO
738,723
5,984,073
receivable
Notes
stockholders
The
'A, ~J>
3o5,i0l
Special deposits (bond red., bond int., & divs.)
at
New Preferred Issue Approved—
I
} Jfc\'llu
™5,4%
—
and Shields 81 Co.
Corp.
,
------
69>^94'39,
—-
—
cost
at
Higginson
amendment.
1943
$8,852,016
1944
banks
in
Monday, March 5, 1945
the
to
28, it
19.
freed
fashion
operations
same
at
seizure
of
Army
recently
direction
mail-order house,
the company
the
The
declared
was
illegal
Court.
time.
Ward's
were
the
both in Chicago.
Feb. 9.
Col.
R.
under
Schwinn
They
by
a
warehouse
were
turned
•
R.
Parker
Maj.
Gen.
Kuhn,
Joseph
executive
W.
director
Byrne,
of
revealed
:
•
Volume
that
and not by the company.
The company had
refused "to obey the WLB's directive on the ground that the Board's
orders were merely advisory, and further, that they tended unconstitu¬
bv
the
'
the WLB ordered Ward's to
increases,
wage
grant its. union
Gas
<
cubic
—V.
the six cities by the time the
in Chicago.
Those which
put in force in
had been
decision
handed
was
Federal Court's
had been put
gave his de¬
770.
h:
down
time Federal Judge Philip Sullivan
cision. Colonel Kuhn said, are still in force.—V. 161, p.
effect
into
at
the
.
Society
Loan
Monroe
Consolidated
Subs.)—Annual Report—
(&
:—:
income__
operating
Other
income ^recoveries
income
Total
Interest
"Provision
:
Federal
for
$76,045
23.974
_•
loans prev. chgd. off, etc.)-—
on
income
$100,019
...——
___
ctfs. of indebtedness,
on
$272,283
196,238
—
T
//•Net
Ended Nov. 30, 15144
and Surplus Account for Year
Income
Operating income (interest on loans)
Operating
expenses— -—-—
——-
taxes
6,207
—
etc.-—-
30,278
—
Net
the
for
income
year —
—$03,534
.——154,173
:
of fiscal year™
Total
;
_.
The
Balances
at
Earnings per
'■No
yeur__"
class A share—.
provision
$145,635
$0.17
—-—
_.
Federal
to be required for
the Society
believed by
is
7,856,
64,216
sh.)__
fiscal
close of
profits, tax.
excess
Consolidated
Nov.
Sheet,
Balance
30,
1944
V
hand
on
and
deposits,
demand
for
reports
Association—Output Up 0.93%—
number
kilowatt
of
available
hours
for
681,763, .a
decrease of
v. .161,
p.
" ; '
J'i
>>-'?.
under
the
*•''* *
'
I'
" \ y '
Liabilities—Certificates
^
.
(obligations of
of indebtedness
company pay¬
provision for Federal and Stdte taxes, $40,581;
(par $25), $142,800; common class A stock (par
$321,157; common class B stock (par value $1
per share), $10,210; capital surplus, $250,000; paid-in surplus, $49,688;
earned
surplus since
Nov. 30,
1937,
$145,635; total, $1,112,543.—
ferred
stock,
5%?%
V.
$1,964;
preferred stock
$1 per share),
value
157,
directors',on - Eeb. 21 declared a .dividend on the* prior lien
preferred stocks equal to three-quarters of a full quarterly dividend,
payable on March 15 to holders'of record of Feb. 28.
This dividend
is
applicable to the quarter ended March 15, 1935, being the first
quarter for which dividends are in arrears. - Checks for the dividend
March
be mailed
will
on'the
1945, to stockholders of record. Feb.
14,
ferred
stock,
June
each
in
and
quarterly rate.
after
giving effect
to
$60.25
161,
to
the
current
the $6 stock and
share on
per
stock.—V.
$7
payments
1945,
made
were
on
$70 per
share on
from
1945
1944
$1,235,698
railway.
$1,018,606
Net from railway____X_
650,559
71,630
111,769
155,050
'■■
■■■;.
—v. 161, p. 571.
/.
$572,065
1944
1943
1942
railway
$202,876
railway—
46,262
$226,398
61,988
$179,439
46,509
40,089
49,175
$228,389
89,227
63,969
Renegotiation
resulted
Act
150,754
:
,
Net ry, oper, income_
—V.
161,
43,321
465.
p.
of
in
reduction
work
will
Of
year.
$33,808
refund
this
was
These adjustments
credit.
post-war
continued
be
and
in
1945,
Lowell
says
for
Accounts
Surplus
of
are
Burch,
R.
Since
Gain
in
1930
for
Allow,
in
in
since
force
1930
were
by "this company.
31, 1944, after provision for 1945 dividends.
policyholders and their beneficiaries amounted
Dec.
on
Benefits
to
to
to
beneficiaries
War death
and
the
other
benefits in
compared with 4.4%
as
Harbor to Dec.
Pearl
of
represented
amounted to $2,300,000, and
1944
in
Fcpm
1943.
1944. The Mutual Life has paid
31,
claims for $4,647,000. These comprised 3-2% of total
death benefits paid in the same period.
New insurance issued by the company in 1944 totaled $191,191,000,
1,506 war death
of 12%
over the 1943
volume.
The amount of insurance in force increased $53,404,000 in
1944 to a total of $3,713,386,000.
This gain was largest for any year
since 1930.
Reflecting the high level of employment, lapses and sur¬
renders of policies were 25% less than in 1943,
On Dec, 31, 1944, the company's holdings of U. S. Government bonds
were $858,485,000 and accounted for 50%
of total assets.
During the
year public
utility bond holdings were increased by $31,548,000 to
$263,600,000, and industrial bonds were increased $9,063,000 to $129,066.000.
In 1944 the company sold nearly all its municipal bond
holdings, and railroad bond holdings were reduced from $48,977,000
to $33,450,000.
Securities liquidated in 1944 resulted in net gain of
largest
since
volume
and
1939,
gain
a
$12,892,000.
The company's balance sheet
as
of Dec.
of
of
$66,292,322
$1,717,638,788,
increase
an
31, 1944, shows total assets
for
year.—V.
the
161,
770.
p.
1945
1944
1943
1942
$3,371,309
$3,481,180
$3,219,111
$1,837,540
359,103
210,933
January—
from
Net
from
Net
ry.
—V.
railway
p.
income
1,265,819
683,869
906,498
469,247
870,126
464,413
railway
oper.
161,
$10,000,000 Loan—
\
the
building of
at
and
Kerns,
plants on
new
Va.,
tentative arrangements have been
a
President,
in
of
asked
be
will
charter
the
at
meeting
annual
the
which
under
the
to
would
loan
amend
be
that
permitted.
long-term loans
are
more
desirable than issuing more 4% % preferred stock or more
common at the present market, Mr. Baker said.
*•"
v'
Vv About $2,500,000 would be
used for erection of the new plant at
Baltimore and $1,500,000 for the plant at Kerns, Va.
Because
interest
charges
deductible
are
before
taxes
-
Earnings for Calendar Years
\
,
v
1944
Net
sales
Net
profit
Earnings
>
operations
:
after all
per
to
'1943
$23,982,632 $21,739,684
:
-'Subject
charges and
share
common
renegotiation.
renegotiation
fAfter
t973.014
$0.50
*867.861
$0.42
taxes—:
settlement.—V. 160,
jp. 2649.
the
above
year
cu.
production
ft.,
output
an
Feb.
This
the
for
the
23.
is
an
Association
increase
of
reports electric
116,669
kwh.,
or
the corresponding
12,911,201.>kwh.- ' for
of
the
increase
147.382,000
For
ended
kwh.
Association—Output—
output
9.04%
cu.
week
of
ft.
ended
ended
week
17,410.000
in
the
Feb.
Feb.
cu.
ft.,
23
week a
or
corresponding
16
this
reported at 164,792.000
11.81% above production
is
week a year ago.
reports electric
Association
output
properties;
for
estate
2,170,761
1,117,341
taxes
also' accrued
and
Terminal
Boston
Old Colony
on
unpaid
Co.
and
charges
and
taxes
bond
not
Federal
March
be
for
sale
the
of
Niagara
to
effect
such
$4,201,387
518,240
surplus at end of year
share—i—
•_
per
deducting
.
$3,330,763
$3.56
$3,683,147
$3.36
$170,000 in
of
credit
post-war
1944
and $186,192
Hudson
by
In
that
proposal will be held
would
event of the issue
the
the
cancel
advances
and
totaling
York
Power, provided there can bo
obtained a closing agreement executed by the Commissioner of Internal
Revenue, with the approval of the Secretary of the Treasury, to the
that
New
to
The
York
shares
of
New
cancellation
not
would
would
the
from
stock,
common
be
sale
used
bonds
the
of
107'A%
New
taxable
income
any
additional
the
50;000
by
the
all
series, due on
the principal amount thereof arid accrued interest to
redemption.
/
Power has called
a
special meeting of stockholders for
consider
and
act
upon
the proposal to authorize the
of
date of
the
in
and
other funds of New York
outstanding $55,000,000 first
Oct. 1, 1964, of New York Power
supplemented
redeem
to
mortgage bonds, 3%%
at
result
Power.
proceeds
Power,
York
9
to
of
certificate
a
of
of common
$6
no
of
value
par
stock
change
of
authorized but
50.000
stock
preferred
without
into
value.—V.
par
the
unissued
number
same
161,
of
771.
p.
Merger of Hudson Valley Fuel Corp.—
Merger of Hudson
Valley Fuel Corp. into New York Power & Light
has been made effective, with approval of the P. S. Commission
SEC, it was announced Feb. 20 by Otto Snyder, President of
the
New York Power &
The
companies
to
Light/ "
have
system.
of
located
up-State
daily
in
and
cubic
the coke
of
through the Niagara Hudson
corporation produces practically tho
by New York Power & Light.
Its
largest manufacturer of gas and coko
by-products,
feet
Amsterdam,
most
affiliated
Fuel
Troy, is the
York.
Employing
coke
transmission
pressure
been
The
distributed
gas
New
produces
20.000,000
of
lines
to
to
and
400
the
persons,
plant
is,000,000
making from
is distributed
highSchenectady, Saratoga, Glens
adjacent areas.
At present
gas
Albany,
Gloversville
is sold
nearly
while
The
gas.
the
Republic Steel Corp's Troy
over
plant for
in
use
blast 'furnaces,—V: 161, p. 771.
''
&
J
J '
-
New York
$3,849,003
518,240
totaling $2 per share for each year
it
the
on
•
owed
plant,
$922,808
2,926,195
Hearing
1945.
provides
bonds
supply
450,000
1,675,731
15,
$20,550,000
entire
$870,624
3,330,763
Hudson 50,000 additional shares (no par) common
in accordance with an agreement between the two
12 before the SEC,
$2,890,851
400,000
1,530,000
r
paid
than
the
less
principal amount and not more than
plan provides further than New York Power would issue
The
to Niagara
Corp.
157,688
year.
each bid would specify the annual coupon rate,,
of Vb of 1%, but not greater than 3%,
to New York Power for the bonds, which
multiple
be
The<agreement further
and
$3,048,539
profits tax
excess
plan
a
to
for $5,000,000,
211,538
162,872
15.269
$2,800,624
__
Competitive
V'
'
^
|
Queens Electric Light &
Power Co.-—
Income Statement—
Period End. Dec. 31—
Sales
of
1944—3
electricity
Mos.—1943
1944—12 Mos.—1943
$7,764,248
172,406
143,647
611,738
529,195
$7,907,895
$31,862,460
$29,389,224
4,678,592
3,838,950
16,939.570
15,061,970
619,940
330,804
1,524,402
1,032,095
768,000
668,000
2,600,000
2,550,000
1,403,848
oper.
$8,109,983
$8,2$2,389
Other
1,817,559
4,261,555
4,088,788
"2,600,000
"2,750,000
revenues—
$31,250,722 $28,860,029
1943.
surplus account for the year 1944 is subject
to
adjustment which may result from renegotiation of Government
contracts for that year.
The statement of income and surplus account
for 1943 reflects the adjustment for renegotiation of 1943 Government
contracts
subsequently concluded under an. agreement executed on
Aug. 22, 1944.
The income account for the year 1943 includes opera¬
tion of wholly owned subsidiary from Jan.
1 to Dec. 23, the date of
Note—The
income
and
Oper. expenses
Maintenance
Depreciation
Federal
Est,
inc.
reduc.
tax
due
tax
in
to
.
(est.)_
Fed,
inc.
digs.
surp.
15,000
35,000
.
dissolution.
its
Balance
Sheet,
Operating Income
I)cc. 31
'
Assets—
Cash
Accounts
U.
S.
securities
(at
29,568
34,759
559,673
cost)
ordnance
and
ordnance
costs
in
(not
sundry,
&
customers,
Unbilled
Inventory
and
710.684
Post-war refund of
Gross
Income
in
Goodwill,
Corp.,
acquired
trade
etc
name,
dissolved subsidiary-.--
from
etc
expenses,
1,927,354
5,502,703
172,175
87,200
water-power
development
patents,
426,192
25,118
3,577,697
1,927,354
5,502,709
156,506
137,707
•_
2.847,406
589,666
20,774
3,485,773
<est.)__
deposits
Island
Beebee
and
and
equipment
and
Net
of
"No
^Reserve
Earned
249,855
11,660,400
and
for
Federal
taxesand
excess
i
Total
3,330,763
1
™
%
2,415,080
profits
for contingencies
__
surplus
11,660,400
3,683,147
income
appropriated
stock
sundry
$1,030,657
403,469
2,478,157
249,855
$1,136,114
424.263
payable
accounts
"Common
$19,568,859 $19,153,301
"Representing 259.120 shares of no par value,
tAfter reserves for
depreciation and amortization of $4,407,997 in 1944 and $4,110,417
1943.
in
tAfter
and
1944
deducting
in
$125,000
New York
*•*"•*
•
•-*
•
U.
S.
1943—V.
Treasury
160,
p.
\'V
of
$585,000
1740.
expenses—.
operating
—
;
;
rents
$4,885,346
1,745,967
.
$2,465,281
1,745,709
$4,211,248
___
___
____
income
Net
fixed
deductions
charges
income
306,658
1,298,475
1,275,658
$946,080
$2,609,504
$2,636,607
______
______
104,575
257,052,118
252,185,499
made
989,608,036
for
no
Federal
profits
excess
profits
excess
tax
104,575
937,094,509
preliminary
as
liability.—V. 160,
tax
1972.
p.
Corp.—Income Statements—
Period End. Dec. 31—
1944—3 Mos.—1943
Sales
1944—12 Mos.—1943
$4,628,196
Other
oper.
oper.
Operating
$4,625,245
37,790
40,588
57,560
53.020
$4,665 986
$4,665,833
$15,915,267
$14,503,092
revenues
revenues.
expenses
$15,857,707 $14,450,072
10
3,043,349
3,119,442
408,292
266,443
1,289,983
Depreciation
323.000
294,000
1,000,000
900,000
473,089
505,632
1,868.402
1.812?,822
U40.000
-1:40,000
$1,795,513
Taxes
after
_.t
from: income
—■
fixed
«,
_____
$6,631,055
;
128,770
3,646,058
148,570
3,476,242
$586,436'
charges
;
Federal
inc.
(est.)
tax
Operating income
Income
824,119
$418,256
$480,316
$1,587,804
Dr697
6,332
20,428
27,075
$417,559
$486,648
$1,608,232
$1,822,588
283,568
292,177
1,140,891
1,154,157
$133,991
$467,341
$668,431
50,000
$194,471
50,000
£50,000
250,000
$144,471
$217,341
$418,431
4,570,364
4,798,084
15,938,723
14,873,145
_____
income
Gross
9,130.638
029,078
$83,991
Non-oper. income
^
deductions
____
1
Net
inc. before
vation of
reser.
reser¬
of net
"
1
net inc.
inc.
fSales of steam—lbs.
1944
$53,446,676 $57,642,173
44,478.953
43,770,373
4,431,462
7,100,722
2,070,980
1,885,732
railway-operating income—
Miscellaneous
$3,912,265
Balance
1945
revenues..
Total
$3,907,979
—_
New York Steam
♦Misc.
.
"Railway tax accruals
Equipment and joint facility
Total
5,894
$1,252,738
$3,906,371
$490,076
(kwh.)—
computations indicate
In
(including All Leased Lines)
Railway
income.
notes
tax
Central Railroad Co.—Earnings—
Railway 'operating
Net
6,046
Maintenance
$19,568,859 $19,153,301
Total
Reserve
156
307,062
dividends
allowance
Total
Accrued
129
—
elect,
$3,901,933
(net)
deductions
Preferred
$1,252,582
$797,138
income
income
Sales
■
$797,009
income
or
3,468,569
profits taxes
excess
accounts
buildings,
Prepaid
cost
—
Miscellaneous
rights
less allow.
of
lower
1,984,166
61,190
2,143,792
allowance.-
less
claims,
of
excess
market)
Patents
$1,796,651
receivable:
Govt,
Other
tLand,
Non-oper,
1943
1944
$1,546,768
„_
Marketable
ago.
-/Gas
«f
week
13,027,870
price
sell
-
,
"Appropriated net income for accquisition of bonds or of new prop¬
t 000 omitted.
iNo allowance made for Federal excess profits
erty.
tax
as
—V.
preliminary computations indicate
profits tax
no excess
North American Co.—Stock Dividend
SEC
April
011
par
record
on
2
a
value
American
Feb.
common
common
March
27
dividend
approved
of
stock
stock.
2.—V.
161,
of
holders
to
The
p,
the proposal
share
one
of
dividend
Approved— I
of this
Pacific
Gas
each
is
to
to, pay
company
&
100
be
Electric
shares
paid
to
of
Go.'8
North
holders
of
672,
North Continent Utilities Corp.—Sale
$2,856,227
liability.
16q, p. 1972.
The
$25
For
be
would
Corp.
$2,703,209
__
f
divs.
Other
New England Gas & Electric
of
the
would
the
221,860
162,977
15,269
—_
Month of January—
-(•
real
$50,000,000 Bond Issue—
on
Under
and
604,249
plant facilities
surplus at beginning of year_____
"After
1,599,597
charges
1,743,514
161, p. 771.
shares
1943
97,415
profit
Earned
1,153,664
company
which
15,075,323
__
Federal income tax
for
Total.
Cash
1944"
$13,887,766 $14,454,106
_•.»
_
unpaid
properties
shares
states.
Stockholders
section
31
Liabilities-
recently acquired, sites at
made
$10,000,000 15-year serial loan to refund present 3% debentures,
of'which
$5,731,000 are outstanding and to give the company an
additional $4,269,000
"at exceptionally low cost," Melvin H. Baker,
finance
To
for
Bidding
"•(.
570.
National Gypsum Co.—Arranges
Baltimore
said
Falls,
Net
RR.—Earnings—
New York Power & Light Corp.—To Seek
16,322,115
acquired from dissolved sub.
from
Reserve .for
Earned
and
Providence
interest.—V.
re¬
etc
bldgs. & equipment
emergency
income
Accounts
'
materials,
and
income
Interest
Ry.—Earnings—
Nashville Chattanooga & St. Louis
Gross
of
profit
Total
in
to living policyholders.
half
total death benefits,
cf
the date
&
against
655,651
patents
Earnings
1944
Of this amount about half went
including dividends.
$109,001,205,
4.5$
Dec.
Douglas,
pany's 1,000,000 policyholders in 1945 is $14,442,465, as compared with
$13,211,338
in
the preceding
year,
and that 1944 operations had
resulted in an increase of $25,643,716 in surplus, bringing it to $68,820.975
labor
admin, expenses,
deprec. of
of
"Reserve
v
President, in issuing'-''the figures for the 102nd
year of the company's operations, said that the gain to surplus from
1944
operations, after all charges but before dividends to policy¬
holders, was $40,086,181, as compared with $20,850,247 in 1943.
He stated that the total amount allotted for dividends to the com¬
W.
Lewis
the
Net
largest volume of new business since
insurance
Boston
in
1939, and the biggest gain
reported on Feb. 14 for 1944
outstanding,—V. 161, p. 466.
590,118
fixed
for
accrued
Power
Other
New Business Greatest Since 1939—
The
available
March
President.
Ended
Years
taxes
New
of
and
after charges—
"■Includes
returns, and allowances-. $20,081,081 $18,960,102
manufacture,
pairs & renewals,
General
York—Reports
Life Insurance in Force—
Co.
Insurance
issued
are
1945
companies dated Feb.
contracts subject to the War Profits Control
of .$70,892 in net profits tentatively re--
1943
Sales after discounts,
Amort,
Record
"Net
reduction
a
that
of
Amortization
Life
Mutual
Income
and
represented by a
reflected in the
comparative financial statements for 1943 appearing below. Renego¬
tiation of
1944
war
contracts is expected to be undertaken by the
Government
shortly.
Because
operations under
its war contracts
for -the two years are not comparable, the company has not found
it possible
to make a reasonable estimate of the amount of 1944
profits which may be recoverable by the Government.
Hence, no
provision
for such renegotiation has been made in the financial
statements submitted for the year
1944.
The
proportion of the company's sales for Government account
comprised 41%
of all sales in 1944 compared with 61%
in 1943.
It -is expected
that about the same relative amount of Government
for
ported
Cost
from
Net
102:,/4%.
-'
;.
290,107
1944
1945
bonds
operating revenue
railway, operating income
execution
January—
from
which
Month of January—
1975.
1942
$1,154,253
376,420
653,424
ry." oper. income™
Net
514,741
and its parent, the Niagara Hudson Power Corp., filed
Feb. 20 with the SEC a plan whereby New York Power would offer afr
competitive bidding $50,000,000 first mortgage bonds, due on Feb. 1,
1943
.
Montour RR.—Earnings—■
Gross
1975,
The
Northeastern RR.—Earnings—
New Orleans &
Income
Net
1,
Total
declaration, / will
to
672.
p.
JaKu&ry—Gross
8,333
579,921
;
full
Arrearages,
amount
Similar
523,074
35,000
profit arid loss——
to
New York New Haven & Hartford
on
Dec. 15, last year.
On March 15, 1944, and
1943 the company paid dividends equal to one-
quarter during
the
of
per
series.
dividend
$7
Sept.. 15
15;
$1.12%
share
28,
the prior lien preferred
stock, $6 dividend series, and $1.31l/4 per share on the prior lien pre¬
following basis:.
874,454
income—
New England Public Service Co.—Dividends—
The
1183.
p.
of
approp.
Exchange has authorized the listing of $42,000,
refunding mortgage 3%% bonds, series D, dated Jan. 1, *1945, jlue
Jan,
stock
or,
other
and
364,685
614,921
.
The New York Stock
;(The) New York Air Brake Co.—Annual Report—
at option of company, in an amount of not
more
than
12V2%
per month
of the total outstanding in any one
calendar month), $150,508; dividend
payable Dec. 1, 1944, on pre¬
demand,
on
420 845
1,33g[656
\_
Listing of Bonds—«.
corresponding week of 1944.—
000
')
1,284,500
,
taxes———
funds
1944^
$8,074,261
347,000
taxes.—__
operating" Income
Balance transferable
7.7i..
f
0.19%
profits
its
,
able
railway
excess
income..
Sinking
the
U.
$310,108;
1945
$7,825,545
income and
Net
week ended Feb. 24, 1945, as 65,489,341, compared
with 64,885,384 for the week ended Feb. 26, 1944, an increase of 0.93%-.
The comparable figure for the week ended Feb. 17, 1945, was 66,territory
'
.
S. Govt,
securities
(at" cost), $40,000;
loans receivable (after allowance for
doubtful loans of $46,284), $751,857;
claims receivable under excess"
profits credit carry-back provisions df Internal Revenue Code (ap¬
proved by U. S. Treasury Department^on Aug. 22, 1944), $4,887;
furniture
and fixtures, at cost (after allowance for depreciation of
$24,647i, $3,231; prepaid insurance, $2,459; total, $1,112,543.
Assets—Cash
Other
771.
Association
St. Louis RR.—Earnings
income__—
Federal
$2I7>707
„___
■—
increase of 2,665,000 cubic feet, or 1.67% above produc¬
cubic leet in the corresponding week a year ago.
an
New England Power
the
Dividends paid on SVa',)/ cunt. pfd. stock ($1,375 per
Dividends paid on com. A stock (20 cents per sh.
New York, Chicago &
Month of January—Gross
159,321,000
161,; p.
half
Balance at beginning
below
Net
plants in Chicago,
.
feet,
decrease of 50,274 kwh., or 0.39%
a
12,827,409 kwh. for the corresponding week a year ago.
for the week ended Feb. 16 is reported at 161,986,000
output
tion. of
employees dues check-offs, seniority, arbitration and maintenance of
union membership.
The Board's orders applied to Montmogery Ward
Denver, Jamaica, N. Y.; St. Paul, Minn.; Portland,
Ore., and San Rafael
Calif.
Colonel Kuhn added that many, but not all, of the WLB s orders
kwh.1. This is
production of
Army
tionally to set up a closed shop.
Besides
of 12,777,135
put into
the War Labor Board were
increases called for by
wage
effect
CHRONICLE
THE COMMERCIAL & FINANCIAL
Number 4365
161
Approved—
}
.The SEC
"Includes
Federal
income
and
taxes
—V.
161,
excess
on Feb. 16 approved (1) the sale by North Continent Mines, Inc., of its properties to Union Mines Development ^orp. (a subsidiary'-
profits
188,868
p.
882,
*
■
'
2,854,820
of
Union
Carbide
distribution
-
&
Carbon
Corp.)
for
$200,000
in
cash;
(2)
thax
by North Continent Mines, Inc., of the net proceeds of th®
THE COMMERCIAL & FINANCIAL CHRONICLE
992
together with other assets remaining after payment of company s
and liabilities, to its stockholders in the liquidation and disso¬
•ale,
debts
(3) the use by North Continent Utilities Corp.,
of 14,001 shares of the capital stock of North Continent
lution of the company;
the
as
owner
of the funds to be received by North Continent Utilities
Corp. as a result of the said liquidation and dissolution of North
Continent Mines, Inc., for ratable payments on the unpaid principal
of its first lien collateral and refunding gold bonds, series A, bVzVc,
Inc.,
Mines,
Jan.
due
1948.—V.
1,
160,
of
$35,000,000 first mortgage bonds 23/i%, due Feb. 1, 1975, at 101 and
interest by Halsey, Stuart & Co., Inc., and associates.
The name of
each underwriter of the bonds, and the respective principal amount
severally agreed to be purchased by each, are as follows;
made
was
in
issue
our
of
Feb.
the
of
26
offering
<000
\
.
(000
:
omitted)
Invitation
Pennsylvania Power Co.—Public
Northern
Bids—
for
Marx &
Allison-Williams
Mason-Hagan, Inc.
Mason, Moran & Co._
and
roeder,
Atwill
Electric
this company for the week ended Feb. 24, 1945,
kwh., as compared with 41,502,000 kwh. for the
of
output
46,795,000
totaled
(Del.)—Weekly Output-
Co.
&
1945,
totaled 46,317,000 kwh.,
a3 compared
with 42,357,000 kwh. for the
corresponding week last year, an increase ol 9.3%.—V. 161, p. 771.
17,
M.
Bass
Bear,
Stearns
Bingham,
Bioren
&
E.
100
The
Minsch,
Braun,
Co
&
Moors
1,250
R.
&
and
100
Mosle
Mullaney,
700
Nashville
Newburger
100
Newhard,
Co
and
—
Co
Monroe
and
Co
&
250
tional
—
100
200
200
E.
100
Nusloch,
Caldwell
Phillips
100
Alfred
John
Carroll
150
O'Neal,
100
Otis
&
Co
100
Pacific
Co.
100
Park-Shaughnessy & Co
Patterson, Copeland &
161, p. 672.
C.
corporation
Board
nautics
tariff
a
that it
announces
which
revision
would
allow
passengers
pur¬
transportation on the NWA system with air travel cards a
5% discount from regular one-way fares.
The same discount would
be allowed to employees of the U. S. Government who use Government
travel orders.
The tariff changes would become effective March 25,
chasing
1945.
Applies for New Route Extension—
preparing for th& start of operations on its
newly-authorized route extension into Detroit and New York, asked the
Civil Aeronautics Board
on
Feb. 19 for another extension on its
transcontinental line, from Detroit to Washington, D. C„ via Cleveland
and Pittsburgh.
The
bid
the
for
now
route
new
made
was
in
with
filed
amendment
an
taking the place of a previous application calling for service
from Northwest's Chicago terminal to the nation's capital via Dayton,
the board,
of
service
its
extend
The
extension
which
Milwaukee
the
Pittsburgh.
would add 399 miles
first
step
the' airline
by
to
into
the
from
extends
marks
amendment
the
the
to
Pacific
Cohu
C.
Atlantic
the
to
NWA
domestic
through
the
system
Cities
Twin
Co.
—
seaboard.
Cooley
&
corporation's planes carried 563,389 pounds of airmail during
January, an increase of 71,734 pounds over the January, 1944, total of
491,655 pounds, Croil Hunter, President and General Manager,
re¬
ported recently,
*
The mail
hauls during
January totalled 429,382,276 pound miles,
which ran 23,539,773 pound miles ahead of the January, 1944, total of
405,842,503 pound miles.
.
•,
\
The January ligures show that, despite the heavy Christmas mail
which js annually carried during the pre-holiday season, the month's
air mail loads were only slightly less than the December totals of
593,411 pounds and 466,061,676 pound miles.—V. 161, p. 571.
Co.,
——
&
Courts
Co
Co
Cruttenden
Co—____
150
Davis, Skaggs & Co
R. L. Day &
Co.——
Dempsey & Co.—
Dewar,
Robertson
Pancoast
Dittmar
John
100
Putnam
F.
500
Quail
&
M.
Daniel
George
Russ
Farwell,
Co._—
200
Scott
150
Seasongood
Corp.—
250
Robert
150
Sills,
500
Smart
250
Starkweather
The
Chapman
&
&
Hardgrove
First
Cleveland
&
Marshall
Granbery, Marache & Lord_
Green, Ellis & Anderson
&
Cook,
Carter H.
&
Lee——
&
Co.,
Ohio Edison Co. (&
^
>
Gross
1945—Month—1944
$3,543,361
revenue
^Operating
Deprec. &
1,420,110
expenses
amortibatio'n
340,997
Provision for taxes
Interest &
1,212,003
231,208
deductions..
Divs,
$296,315
$3,447,502
1,273,545
Thomas
Thomas & Company..
E. W. Thomas and Co
H.
250
Washburn
Hirsch
&
Co
Bond
&
Townsend,
Share
Corp.
C.
Co
Temple
Waehob-Bender
Indianapolis
Dabney
Co.
150
Morrow
&
Co—100
Watling,
Lerchen
&
Co
Weil
Welsh,
Wheelock
&
100
and
White,
The
George
100
Woodard-Elwood
Laird,
200
Wurts,
Meeds—
& -Co.—————
150
200
$178,872
$2,173,957
$1,904,897
of
the
called
Hattier
Dulles
S.
Neal
Trust
Ohio Gas Light & Coke Co.—To Recapitalize—To Sell
Bonds
Privately—See Great Lakes Utilities Co. above.
—V. 123, p. 2140.
made
trustee,
Co.,
Manufacturers
will
time at either of
to
March
the
161,
Continental
La
&
Co.
&
&
Co
ceased
Feb.
on
be
an
Act
of
to
vestment
20
issued
investment
its
order
declaring
within
company
fected
As
of
on
to
dissolve
July 14,
June
at
that
has
company
meaning
the
of
In¬
May 1,
on
the
1928, in Delaware.
Company Act of 1940
as
It is
closed-end
a
bondholders'
held
"July
on
and
company
7, 1944, stock¬
dissolution was ef¬
such
receive
50%
maining
1944,
total
possessed
company
assets
of
the
value
Waggoner...
Inc.—
161,
no
of
letter
in
the amount of
$19,000 retained
and other liabilities.—V.
to
of
costs
cover
January—
Net
ry.
—V.
1945
oper.
161,
1944
1943
1942
$133,547
$125,273
$69,022
66,177
78,058
59,523
National
Bank
Street, Chicago, 111., or
Street, New York, N. Y.
29,576
19,865
18,893
income—
of
Group Petitions ICC—
protective committee for bonds of the Old
Colony RR. asked
the ICC to extend for five
years its authority to represent those bondholders in reorganization
proceedings and told the Commission it proposed to prepare and present a plan for
reorganizing
Colony
of
recently
the
all
or
portions of
New
Haven
the
the
District
New
Haven
Court
plan
of
to
The 'Old
a
Colony protective committee's
separate plan for reorganization of Old
and
hearings asked
plan
In
be
can
asking
holders
the
on
It.
The
consummated
the
for
extension
committee
of
banks
10414
at
and
interest
committee
the
ICC
Colony
some
said
authorization
for
to
Court
so
further
would
be
to
action.
that
not
more
would
than
158,
Feb.
&
p.
be
$5
for
bond
act
and
and
expenses
would
be
for
Council
that
no
the
for
bond¬
at
least
$20
liabilities
remuneration
of
of
of
1,
also
in
PejG,uarantr Trust Co.,
until the close of
1950.
San
interest
mortgage
sum
Louis
the
approved amendments to
states
in
a
referee to
a
and
the
Karnow
take
proof
committee's
is
chairman,
to
and
with
report
The
amendments.
for
that
states
the stockholders
for
each
two
-Total
net
Net
Street
Arrangements
and
will
Los
Ry.- -Offers
to
1944
assets
for taxes
Underlying Bonds—
be
made
Angeles,
to
redeem
Calif.,
compared
1
unreal,
on
deduct,
before
apprec.
in
such
addition
with
New
of Pan
American
NOTE—"For
possible
Dec. 31, '43
Increase
$1,542,571
169,928
to
mechanical
of
at
the
gold
rate
bonds
of
on
4%
date
$1.000,000.—V.
140
Broadway,
April
per
Dec.
161,
p.
7,
1945,
annum
1,
1902,
571.
New
York,
purchase
as
as
many
may
at
applicable
to
$1,372,643
1300,000
3,000,000
dividend
previous
V.
of
$5,
par
first
be
N.
Y.,
and
consoli¬
purchased
cents
25
payable
at
$11,124,955
-
taxes
market
on
prices,
unrealized
Net Asset
Pfd.
pfd. $5.50 div.
stock, $1.50
Common
At
the
per
April
payment, also
secondary dis¬
a
with
the
in
always
are
it
is
transaction,
approxi¬
not always
alphabetical
alphabetical
exact
as
near
to
5
of 25
one
&
Transport Co.—25c Div.
share has been declared
holders
cents,
of
record
made
was
the
on
common
March
Dec.
on
160, p. 2651.
The
15.
20, 1941.—
,
Bottlers, Inc.—Consolidation—
General
Bottlers, Inc., above.—V. 151, p. 252.
Pennsylvania-Central
Effective
the
over
A
March
PCA
recently
by
similar
25
J.
5%
a
system
J.
who
discount
hold
O'Donovan,
discount
will
Airlines
will
be
travel
air
5
Corp.—5%
offered
cards,
Discount—
all
to
it
travelers
announced
was
Vice-President.
be
granted
all
representatives of
the Federal
Government
who fly PCA on official business.
The new discount will
apply to all travel cards issued by any domestic carrier when presented
at
point
any
is
a
suspended
Capital
the PCA
on
to
pass
war but
drafted nearly two-thirds of PCA's
duty.
Progressive maintenance procedures and
utilization of equipment make it possible for PCA
the
for
Government
war
resulting economies to the air-traveling public, Mr. O'Dono¬
on
explains.—V.
van
system, according to Mr. O'Donovan.
restoration of a discount in effect prior to the
when
Fleet
161,
572.
p.
•
Pennsylvania Industries, Inc.—EarningsYears Ended Dec. 31—
1944
1943
-■
$337,222
on
U.
S.
Treasury bonds__
1942
$675,246
.
1,255
$579,005
/'
1,013
$338,477
income
$676,259
Expenses
58
$579,063
42,713
29.740
taxes
16,978
38.791
Net profit before profit on securs.
on sale of securities
$278,786
$607,728
$514,078
47,518
*375,010
*21,570
$326,302
$232,718
$492,507
258,396
415,500
450,125
Provision
for
Federal
Income
Profit
profit
Dividends
(not
considering
32,173
,
32,813
profit
stock,
close
before
$9,452,312
deducting
$1,672,643
funded
debt
on
preferred
Mitchum, Tuliy
long-established
($100 pref.)__
of
&
asset
the
Co.
year
$389.82
Assets—Cash,
due
was
investment
2.70
reacouired
banking
from
benefit
of
prepaid
taxes
$16,978;
securities,
expense,
by
firm
its
is
.
former
$8,569,048.—V.
and
surplus.
State
1944
Interest
Federal
$324;
taxes,
$6,260,959;
in
$16,633;
securities,
'
income
Federal
$3,657;
stock
common
receivable,
investments
$8,569,048.
$10,928;
(employees),
$1,614,975;
160, p.
and
total,
and
old
income
cumulative
age
taxes,
preferred
(593,320
shares, no pari
surplus, $67,906; total.
earned
1191.
of
This
independent
reduced
1943
1942
$1,378,516
$1,283,990
1750.000
150.000
150 000
$1.89
$9.19
shares
Earnings
were
1944
$1,413,956
profit
Capital
*After
87.5
business
partners.
wholly
18.0%
24.2 /
1.44
banking
now
Federal
par).
capital
31,
$15,005;
$200;
payable,
withheld
other
($25
dividends
$200,357;
sales
$8,336,853;
*Net
34.40
investment
*
Pennsylvania Salt Manufacturing Co.—Earnings—
-
42.71
the
in-
12 Months Ended Dec. 31—■
'
$460.17
value
on
stock
or
tDecrease.
appreciation.
Coverage Per Share
div.'(25 pref.)
net
loss
or
un¬
Balance Sheet, .Dec.
$593,320;
capital
worth)-
(net
Buy
par
will make
reasons
companies
arrange
Liabilities—Accounts
$13,824,955 $12,452,312
2,700,000
securities
for
.
the
200,000 shares,
161, p. 211,
stock.—V.
Pail American Petroleum
A
stock
stock
an
the right
afier
Corp.
vestments)
figures
funded
Funded debt
the
be offered
held,
of stick it may acquire in connection
reftain for investment a maximum of
can
Total
bonds
to
corresponding
$13,994,883 $12,452,312
169,928
1—
_■
assets
and
to buy one additional share after June
30 at $18 a share.
Application will be made to list the warrants on the New York Curb
and
the rights on the New York Stock
Exchange.
The
warrants will be
attached, as a unit, to the originally-purchased new
shares, and will be good to Dec. 31, 1947.
If the offering price of the
original new shares proves to be less than
$13.50, the warrants will
1943:
debt
Net
the certificate
split-up
10,000,000
161, p. 571.
of
assets
will
shares
Dividends
Dec. 31, '44
Allow,
stock
to
that
161, p. 571.
following figures for
the end
stock
/ V
share
realized
at
two-for-one
a
capital
them
Pacific-American Investors, Inc.—Annual Report—
The
of
Exchange
This
proposed at a
were
committee
announces the calling on
July 1, next, at 105 and
outstanding $4,998,000 underlying bonds designated
Pacific Co. first refunding mortgage 4%
bonds, due
Francisco
share
per
holders
to
26.
new
Net
"With
agent,
business
the
re¬
% Increase
will
with
The
(3)
deposited with Conti¬
performance of the first
the
City.—V.
cents
1
to purchase
split-up, at not
more than the average bid
price for 30 days prior to the offering, and
not more than the
closing bid price the day preceding the offering,
In addition, purchasers of the new
stock receive a warrant entitling
Guaranty
to
be
for
Botein,
com¬
895.
Bluffs
all
of
Angeles
July
York
Prior,
accrued
given
corporation.
should
security
as
plan
time.
Bonds—
dated
23
authorized
Before June 30
one
the
The
1944, to Dec. 31, 1944, 150 Broadway Building had
$243,519; operating expenses, ground rent and taxes
and the net income
before
interest
and
depreciation
company
Los
allowance
Omaha
the
of
stock
now
formulated
anticipated
of
as
of
also
contributed
and
stock
Pacific Electric Ry.—To Retire
back
send
indicated
it
period
525 for each $1,060
members.—V.
be
by
(1)
following:
Old
sought authority to increase the maximum
expense and liabilities which it
may incur to $100,000, pay¬
able out of contributions of
authorizing bondholders.
These payments
mittee
Feb.
on
authorizing
the
in
Interest
interest
50
shares from
The split-up stock, which is of $2.50
par value com¬
pared with $5 for the old stock, of which 1,993,261 shares were out¬
standing, was traded in on the New York Stock Exchange beginning
See
of
$232,234;
aggregate
WOll «.<?=e
each $25
.the
to
proposed
as
1,
May
of
March
Stockholders—
incorporation
stock,
bonds.
appointed
which
payable
*
reorganization,
Bernard
the
dividend
a
stock,
6,000,000 shares.
&
Colony.
affecting Old
Connecticut
petition
committee
quite
its
the
reorganization plan
the second
by
Circuit
disapproved
were
Appeals which directed
Co.
owner's
of
income
This
Old Colony RR.—Bondholders
The
The 'provisions
of
common
amounted to $11,285.—V.
571.
p.
declared
Corp.—Changes in Capitaliza¬
Approved—Rights and Stock Purchase Warrants to
The stockholders
the
at
37,872
23,594
railway
railway
of
has
the
to
period,
gross
$125,865
from
from
7
capital
bonds due 1966 have
104 V* and interest.
common
holders
court
respect
Oklahoma City-Ada-Atoka
Ry.—Earnings-
Net
value
increasingly higher
The
dissolution,
160, p. 331.
to
committee,
'Gross
Feb.
on
par
be Given
250
884.
p.
plan
Justice
before
amend¬
by
at
These and other amendments to the owner's plan
hearing
due
Feb, 20,
200
Co.,
with
Trust
&
supplied
be
1,
bonds
Pan American Airways
extended
the
will
to
June
of
as
4%
C,
mating 3%
from
10 to
15
years,
so
that it will
the second mortgage bonds to be given
In lieu of preferred stock, the bondholders should
of
retire,
884.
p.
directors
the
tion
mortgage.
$465,068
reserve
be
rate
coupon
to
series
but
(2)
of
50%
Bank
pany
4axes
and
$84,193,000
tribution
the
bondholders.
nental
and had outstanding 73,526 shares of
capital stock.
Com¬
has liquidated all of its assets and has distributed the proceeds
the liquidation to its
stockholders, with the exception of a cash
should
simultaneously
the
Payments in 1944 were as follows: March 1, June I,
Sept. 1 and Dec. 1, 50 cents each; and Dec. 11, $1.25.—V. 161,
p. 12.
(Building) Corp.—Reorganization—
the
to
of
plans
company
100
Co
Illinois
protective committee,
include
the first mortgage of $600,000
of
Co.
Trust
mature
to
1944.
30,
Amendments
maturity
incorporated
was
diversified management company.
At a special meeting of stockholders
voted
the
1940.
Oilstocks, Ltd.,
-registered under the Investment
holders
plus company
The
Package Machinery Corp.—50-Cent Dividend—
The
on
Peerless
SEC
1979.
funds
150
——
Salle
Broad
55
two above-mentioned
150 Broadway
1,
100
accepted for payment upon presentation at any
1945.—V,
30,
the
So.
Co.,
be
Dec.
outstanding
105.
However, they
position as possible.
at
231
Trust
These bonds
Oilstocks, Ltd.—Dissolved—
The
the sale
due
100
Co
&
&
&
Yaptis
Yarnall
outstanding first mortgage 3%%
redemption on March 30, next,
be
$11,-
100
.150
Inc.
Sanford—
Co., Inc.
&
Willis
H.
for
will
Payment
total,
Co.—Registers $80,000,000 Bds.
present
ment.—V.
Calls 3%% BondsAll
$1,206,665;
become exercisable at $16.50 instead of $18.
An agreement has been entered into with
the Atlas Corp. to under¬
write the offering of Pan American shares
and accompanying warrants
to the extent of $25,000,000.
Atlas
200
White-Phillips
Wyatt,
F.
Corbett,
Inc.
been
surplus,
200
Co.
Cummins,
100
&
investments,
■
Davis
100
Burns
150
Arnold
&
200
Martin,
200
-200
—__
150
_
Inc
&
150
Tyson
&
Corp.
Watkins,
L'.
Bissell
200
Wainwright & Co
Thoma^ Kemp & Co
A.
M. kidder &
Co..
Loewi
350
—
100
Janney & Co.———
Jenks, Kirkland & Co.—*
Co.,
100
Co
100
1
&
150
100
Inc.—
250
150
&
H.
2,021,289
571.
p.
Stokes
150
Co.,
100
Inc.
Co.,
&
Co.„—
100
$3,926,187
117,443
$255,543
161,
9,958,891
3,806,072
83,500
Balance
—V.
10,429,008
3,917,015
335,720
$339,043
stock
pfd.
on
1,125,603
& Leach
Agee
M,
1, 1964, at
Underwriters names
increase
300
series
Dec.
of
100
*
Co
Nicolaus
&
earned
order.
income
Net
$3,165,534 $35,999,845 $33,547,454
1,088,074
14,127,282
11,918,547
339,822
4,079,039
3,937,758
Wagner
&
1944
1190.
p.
bonds,
the
150
Inc
Co.,
&
$4,084,144;
160,
proceeds of
100
100
Co..
&
150
100
Mayer
200
&
Bruce
Hilsman
Kalman
1945—12 Mos.—1944
&
use
200
100
Walter
500
Inc.
Sub.)—Earnings—
Period End. Jan. 31—
&
Robert Hawkins & Co., Inc..
H,
Co
Stringfellow—
Sterne,
Co
200
Co.—
250
Co.—
Inc.
100
Heller,
J.
300
and
Rotan
surplus,
record
Co
Minton
Stix
Co.,
Showers
Stifel,
Inc.—
&
Rice
V.
&
100
1,250
Harrison
Haupt
F.
and
300
Co.-
Hannahs, Ballin
Harley, Haydon
Ira
Inc.—
Inc
Son,
&
100
—
100
31,
refunding
150
Pierce & Co.,
200
$1,206,665
Sheet, Dec,
Pacific Gas & Electric
600
Inc.—
Co.,
Inc.
1944-
The company filed with the San Francisco
regional office
Securities and Exchange Commission $80,000,000 first and
1945,
—
&
Ranson-Davidson
200
Douglas
Edwards, Inc
J.
stock
capital
-
Co.—
Clement A. Evans & Co., Inc.
R.
100
Christen-
Co
&
&
31,
payable, $255,147; note payable to Chase Na¬
Bank, New York, $2,700,000; $5.50 cumulative convertible prior
stock
(par $100), $2,417,600;
$1.50
cumulative
preferred
(par $5), $1,019,374; common stock (10 cents par), $133,595;
mortgage
—*
Putnam
Rauscher,
100
—
Johnson, Lane, Space & Co.,
\
L.
The
100
Co..
100
Inc.
Inc.
300
—
&
100
100
Phelps, Fenn & Co
1,250
Piper, Jaffray & Hop wood.
150
R. W, Pressprich & Co
1,250
300
Co
305,962
surplus, Dec,
816,526.—V.
1,250
-
&
133,166
stock
Liabilities—Accounts
100
Inc.—
Co.,
California—
of
945,509
$1,645,793
150
Co
&
Writer
sen,
Trust
100
Smith-
&
&
Alden
Kendall,
150
&
O'Gara
Peters,
300
Union
Greenman
The
&
Torrey—200
Codings & Co., Inc.—
250
Gregory &
Hallgarten
January Airmail Traffic Increased—•
Clarke
&
C.
Foster
Northwest,
Co
i
Ferris
Ohio.
Filing
&
V/.
Inc.
Dallas
Northwest Airlines,
and
Cassell
Richard
the Civil Aero¬
with
has filed
F.
&
City Securities Corp
Northwest Airlines, Inc.—To Allow 5% Discount—
The
B.
Co
500
Co
&
1944.
preferred
Co
Baudean
Jan. -1,
Balance
500
Co
Newton
363,106
Assets—Cash, $1,880,079; accounts receivable, $143,322;
$9,787,250; prepaid expenses, $5,875; total, *$11,816,526.
Co.—
&
$337,179
paid—Prior preferred stock
Earned
—
—V.
:
150
Inc.—
&
M.
Dividends
Co.—
Hano
Cook
interest, etc.
surplus
150
100
Securities
&
and
securities.
$700,284
surplus,
500
Co..—
&
dividends
of
r
Gross earned
100
Co.
Co
Moreland,
Ross
from
income
Prefererd
Stokes
acquire
to
73,161
21,509
100
Tindall &
the application
approved
157,939
-
tax
sales
from
Earned
150
200
Cabot—.
100
&
Co
income
Net
5,334
-
_
;
expense
income
200
Inc.
Co
&
Net
Co._
—
Miller
Monell
100
&
C.
Milwaukee
Co.
&
Co.,
Louis
100
Co
Blair
&
St,
Milhous, Martin' &
McKnight, Inc.
W.
Interest
Profit
100
Brooke,
23
$584,453
■
$589,787
Federal
200
Co
Hutchinsoh
200
Co
Sheldon
&
&
Mericka
J.
1—
Co
Brooke,
Feb.
on
31, J 944
——.
Expenses
100
the steam
SEC
Capital
on
Interest, -etc;
■■
Pacific
200
heating business of the Willow River Power Co. (Wis.) pursuant to a
contract
dated Aug. 31, 1944, for a total consideration of $840,000.
The
Income—Dividends
150
-
Co
100
Co
&
Wm.
400
Inc
Bernheimer
&
Mather &
McMaster
&
Co.,
Barrow, Leary & Co.—
Jack
Masten
Metropolitan
„
Boettcher
(Wis.)—Acquisition—
copartnership.
Company retains
reduced capital investment.
a
Statement of Income, Y^ir Ended Dec.
$100
McDonald-Moore
100
Parker
Bond
E.
Morris
200
100
——"150
Redpath
Bankers
William
Northern States Power Co.
A.
Co.—
Co7/#
—
250
______
Co
Aub
Baum,
corresponding week last year, an increase of 12.8%.
Electric output of this company for the week ended Feb.
Inc.-
Co
&
Jones
and
E.
Co.,
Inc.
Atkinson,
100
——
Bleich-
S.
Auchincloss,
Northern States Power
&
Emerich
Arnhold
A.
Co.
A
omitted)
Halsey, Stuart & Co., Inc.__$5,600
Ames,
inviting bids for the purchase from it of $4,000,000
first mortgage bonds, series due 1975.
Bids will be received by the
company
up
to 12 o'clock noon, E.W.T., March 6, 1945, at Room
3401, 61 Broadway, New York 6, N. Y.
The coupon rate is to be
specified in the bids.—V. 161, p. 571.
is
Company
.j
operating as
but with a
Corp.,
Total
Amount
Amount
2407.
p.
and
Oklahoma Gas & Electric Co.—Further Data—
Mention
Monday, March 5, 1945
per
outstanding_____
share..
_________
charges.
frcm
issued
$50
Federal
to
for each
$10
$50
in
taxes,
tThe
etc.
October,
1944.
par share.—V.
(Continued
on
161,
page
par
and
p.
value
of
five shares
572.
1027)
S8.59
stock
of
$1G
was
par
Volume
Number 4365
161
THE COMMERCIAL & FINANCIAL CHRONICLE
/
-o
993
y
*
Stock and Bond Sales
DAILY
New York Stock Exchange
WEEKLY
-
sales are dlerecarded In the day's range,
NOTICE—Cash and deferred delivery
«»y
YEARLY
-
unless they are the only transactions of the day. No account Is taken of each sales In computing the range for the year.
Stock Exchange
United States Government Securities on the New York
Below we furnish a daily
record of the transactions in Treasury and Home Owners' Loan coupon bonds on the New
32d of a point>
Figures after decimal point represent one or more
week.
Feb. 24
Daily Record ef U. 8. Bond Prices
Total sales in $1,000
[Close
[close
4
Low
sy«8. 1952-55
.
2%s
113.27
•
106.11
\
[High
110.14
\ Low
as, Dec. 1948-50
[Close
110.14
Total sales in $1,000 units
3
[High
(High
•{ Low
[Close
•i, June, 1949-51
\
LOW
j(Close
Total sales in $1,000 units
Total sales In $1,000 units
| High
—
Is,
Low
1949-1951
Sept.,
-j Low
{Close
[Close
Total sales in $1,000 units
Total sales in $1,000 units
.
_
(.Close
Total sales in $1,000 units
[High
(Close
[Close
Total sales in $1,000 units
Total sales in $1,000 units
[High
[Close
[Close
Total sales In $1,000 units
Total sales In $1,000 units
f High
-•( Low
[Close
(Close
Total sales in $1,000 units
—
Iciose
(Close
Total sales in $1,000 units
Total sales in $1,000 units—w,—
[High
[High
—
(Close
—
(Close
Total sales in $1,000 units
—
{close
Total sales In $1,000 units
[High
2s,
■{
[Close
2s
—
21
Total sales In $1,000 units.
2
—
102.4
101.30
101.12
101.30
Home
Loan
Owners
101.12
r'
{
101.12
—
:
—
3
5
101.11
101.7
101.12
101.7
"■•vlv-
$1,000 units
[Close
101.7
101.25
—
101.12
101.25
Low
[High
■{ Low
iy2S, 1945-1947
101.25
[Close
Total sales in
1
(High
—
(High
1964- ■1969
•4 Si?
3
{ Low
(Close
1948
l%s
101.12
Total sales In $1,000 units
2%s, Dec.,
101.20
28
Total sales in $1,000 units—
101.12
[High
■{ Low
(Close
2%s, June, 1964- ■1969
101.20
101.23
{ Low
[Close
1953-55
—
101.12
Total sales In $1,000 units
101.20
101.23
101.25
—
Low
\
...
101.23
101.25
101.27
I High
[Close
1963-1968-
101.25
101.27
101.23
Total sales In $1,000 units
—
f High
101.27
101.23
(Close
—
Low
Total sales In $1,000 units
101.23
j Low
1952-54
Dec.,
—
(High
I %s,
1 Low
2s, June, 1952-54
Low
f High
S%s, 1962-67
[High
Low
\
1951-55
as.
j Low
Total sales in $1,000 units—
-
[High
{ Low
2s, 1951-1953
Total sales in $1,000 units
\
(High
4 Low
1950-1952
Sept.,
2s,
-j LOW
[High
\ Low
1950-1952
2s, March,
LOW
i
2%s, 1956-58—
[Hign
Low
j
—
(High
1%8, 1952-54
...
1949-1951—1
Is, Dec.,
[Close
Total sales in $1,000 units
ix)W
[Close
110.14
(Hign
\ Low
Low
Total sales in $1,000 units
2
Total sales in $1,000 units
f Hign
8
(High
as, March 1948-50
106.11
Total sales in $1,000 units
102.21
[Close
106.11
[Close
102.21
102.21
Total sales in $1,000 units
Low
(High
102.26
102.21
6
\
101.11
j Low
102.21
units
___
[Close
IttS, 1950-52-*-
4
Low
[High
Low
1947
Ss,
101.11
J
Stts, 1949-53
107.26
(High
2
1948
;
107.26
[Close
Total sales in $1,000
(High
Stts.
1
107.26
1
1956-59
101.11
[Close
1945
102.19
-
[High
Low
113.25
Total sales In $1,000 units
2%s,
Low
13
102.19
[Close
[ High
-J Low
2%S, 1960-65
101.13
5
*4%'
3
Total sales in $1,000 units
-
]
101.17
——
——
j
113.27
Total sales in $1,000 units
2%s, 1958-63
101.20
—
102.19
4
ay4S, 1954-56
Low
5
;
102.3
1
[Close
(High
2%s, 1956-59—
101.28
Total sales In $1,000 units
—{ Low
[Close
2%s, 1951-54
Low
101.12
[High
—
Total sales In $1,000 units
2%s, 1948-51
101.7 *
101.17
[Close
[Close
2%s, 1945-47
101.17
101.20
[High
j Low
f High
2%s, 1955-60
101.20
102.3
Total sales In $1,000 units
[Close
|
21
102.3
101.28
\
8%s, 1951-53
—
Total sales In $1,000 units
3s, 1951-55
101.12
4
4
101.28
$1,000 units
—
1946-48-—
101.12
101.10
[Close
;—
[Hign
| Low
101.10
101.19
6
units
IVis, 1967-72
Total sales In
[Close
3s,
in $1,000
—
(High
■
101.19
102.2
(High
LOW
81,000 units———
101.12
102.2
101.31
—
—
•
Total sales
Total sales In $1,000 units———
Total sales in
Vis, 1966-71
—
—
1
101.12
(Close
2
—
[High
Mar. 2
Mar. 1
101.24
101.31
Low
units
.
102.2
(High
—
Total sales In $1,000 units—j
3VaS, 1949-52
J
1965-70
[Close
5
[ High
■} Low
3%s, 1946-49
2 Vis
Feb. 28
Feb. 27
Feb. 26
101.31
fHigb
109.24
Total sales In $1,000 units.
$%*, 1946-56
Treasury
109.24
Low
[Close
Feb. 24
Daily. Record of D. 8. Bond Price*
,
109.24
\
iVtB, 1947-52
Mar. 2
Mar. 1
Feb. 28
Feb. 27
Feb. 26
[High
Treasury
York Stock Exchange during the current
'
'
Total sales in $1,000 units
♦Odd
6
6
lot sales.
NEW YORK STOCK RECORD
Monday
Tuesday
Feb.24
Feb. 26
Feb. 27
$ per share
$ per share
62%
62%
115
*113
*61%
*113
62%
12%
12%
12%
70%
*70 %
62%
12%
12%
12'A
14%
15
34
•33
14%
*33
14%
15
*33
34
25%
25%
25%
25%
43'A
44%
43%
44%
105
*102
*102'A
7'A
7%
7'A
209
208
207
115
62%
*59%
70%
62'A
*59%
62%
71
62
*113
115
*59%
71
$ per share
*25
44%
*102'A
105
7%
15'/8
34
$ per share
•62 y8
62%
115
*113
12%
*71
13 Ve
7,-72%
15%
15%
34
*33%
Mar. 1
$ per share
62'A
*113
62%
*60
Thursday
*60
12%
*72
15%
*33
$ per share
•62
115
♦113
*60
13'/a
15,700
73%
500
15%
15
*33%
26%
26%
25%
45%
45%
46
45%
46
45
3%
*102%
105
7%
8
♦103 %
-
206
206
3%
3%
7%
*206
105
8
208
4%
105
7%
206
4
3%
3%
3'A
3%
3y4
V 42 Va
42%
41%
42%
42%
62'A
62'A
62
62
62%
65
65'A
65%
65
68%
66%
32%
33 %
32'A
33
32%
33%
33%
33%
33%
33%
33%
100
*95
163
163
*95
15%
16%
16'A
*173A
32%
For
162
18 >A
33 Va
footnotes
17%
32%
see
*95
102
*15%
16
162
162%
18
*17%
32%
33
page
1003.
45
44%
46
102
*95
102
16
16
16
164%
18
33%
164
164
18
33%
•
18%
34%
3%
45
*95
16%
163%
18
34%
48
102
i6 y4
45%
*95
16
ACF-Brill
Motors
7,900
Adams
Adams-Millis
26
1,200
Address-Mutigr
46%
13,600
30
105
7%
206
26,600
I
250
4%
158,700
48'/a
67
39,000
4,100
33%
12,800
102
Co—
Acme Steel Co
34
Air
Express
Reduction
Alabama
Alaska
&
«
.
10
No par
Inc
Vlcksburg Ry
Juneau
Gold
Min
Albany & Susquehanna RR
Allegheny
5%%
Corp
pf A with $30 war
Allied
Allied Kid Co
18'A
1,600
34%
34
34 y2
12,100
10
6'A Jan
173 »/2 Jan
2% Jan
34% Jan
56
Jan
23Va Jan
91
Jan
Chemical
&
Allied Mills Co Inc
Jan
15
19
Jan
1
53
15% Mar
1
34% Jan
26'A Mar
■
Highest
$ per shpre
64j/2
108% Nov
114
Jan
64
47
Jun
Jun
Pec
pec
Jan
66
Nov
10%
Jan
14
Dec
12
26 y2
Jan
33
1
19 y2
Jan
24>/2
46 % Mar
2
37% May
Mar
2
105
8'/a Aug
i"
75
5V2
Jan
8
Feb
28
211
Feb
20
124
Jan
2
2
Mar
4'A Mar
Apr
Pec
pet
43
July
100
Pec
7% July
181
3y4
Nov
Pec
Dec
Dec
48y8Mar
2
23%
Jan
36
68 V» Mar
1
37
Jan
62
33% Mar
1
24 y4
Apr
29% July
Feb
13
70
Jan
91
96
,
1
Dye
Feb
1944
10>/2
80
2
22
24
22
23
24
11
14
13% Feb
13 '/2 Jan 2
32% Jan 24
22% Jan 15
39% Jan
2
98 V4 Jan 22
100
1
100
preferred-No par
Algnny Lud Stl Corp
No par
Alleg & West Ry 6% gtd
100
Allen Industries Inc
i8y4
100
$2.50 prior conv
1,900
163%
Par
52%
2
Feb
60
60
Jan 15
9% Jan 2
68
Jan 2
—2.50
25
-—_1
$ per share
63% Jan
114
111% Jan 17
No
Corp
2,600
18 »/a
—
Corp
16%
163 %
164
100
& Straus
$ per share
$ per share
60 V4 Jan 22
No par
preferred
Abraham
12%
15%
Par
No par
Lowest
Highest
Lowest
Abbott Laboratories
4%
-
62%
73%
25%
105
115
1,500
Year
Range Since January 1
STOCK
YORK
EXCHANGE
Shares
13%
25%
207
62%
73 y2
34
NEW
for
the Week
Mar. 2
63
62%
Sales
Friday
25%
7% 7 7%
207
208
72%
Wednesday
Feb. 28 *
Range for Previous
STOCKS
HIGH SALE PRICES
LOW AND
Saturday
13 Va Jan
2
16% Feb
19
No par
153 y2 Jan
2
164 >A Feb
27
5
15% Jan
2
18% Feb
23
No par
31 Va Jan
2
9%
141
Jan
Apr
15%
157
pec
pet
Pec
Feb
13% Mar
16%
29
35 y4 Mar
Aug
;
THE COMMERCIAL & FINANCIAL CHRONICLE
994
AND
LOW
Feb
Feb. 26
24
.
S per share
t per share
*101%
102
22%
22%
22%
23 Ve
22%
*101 Va
$ per
♦101
102
share
23%
44%
120
120%
*119%
44%
44%
119%
119%
*119%
*25%
26 Va
25%
25%
' ■■'
5%
5
5%
48%
*47
48%
5
*47%
49
*47
*125%
126
■
*25%
26%
23%
23%
23'A
45'A
44%
26%
26%
120%
5'/a
5%
5%
5%
*48
48%
48%
49
123
1,100
26
5%
14,200
49 %
*48
Allied Stores Corp
5%
preferred
100
113% Jan
Alpha Portland Cern
No par
4%
conv
Amalgam Leather Co Inc
6% conv
123
122'/a
29
29 %
29
29
29%
30
29'/a
30%
30 Va
30%
5,300
Amer
45
45%
45%
46'A
45%
46 Va
45%
46
45%
46
4,500
American
Airlines
27'A
26%
27%
27%
27%
27 Va
27%
26%
27
*26%
27
6,000
American
Bank
72
72
72%
72%
26'A
12 2%
124
122%
3,400
72%
72%
290
72
72
19%
18%
19
19
20%
19%
20%
19%
20'A
19%
20
13,300
46 %
45%
46
19%
45
45%-
45%
46%
46
46%
46
46
3,300
188
103
103
92%
*188%
131%
12%
92%
190
131%
*130
12%
93%
189
*130
12%
94
44 %
44%
44%
106%
106%
106%
30
'29%
29%
29%
30
30 Va
118
118
*117%
118%
*117%
118
*117%
118
123%
124
123%
xl22%
123 Va
29%
16%
18%
18%
%
*4%
17
16%
18%
18%
18%
14%t
Jan
72%
Dec
19%
Jun
par
100
1
—<
Inc
No
preferred
American Chicle
22%
23%
27% July
17
126
Feb
131 Va
No par
120 % Feb
13% Jan
18
93%
*41
41%
40%
41
6%
6'A
47%
*47 Va
40%
40%
41%
41%
41%
6%
6%
6%
6%
6%
6%
6%
48
*47
48
48
48%
74%
74%
74%
74%
74%
*73%
74 %
9%
9%
9%
9%
9%
10 Va
9%
9%;
47
1,300
6%
16,500
74%
9%
9%
1,300
18.400
84
84
83
83
84
84
85
85
84
84
6%
10%
10%
10%
10%
10%
11
11
11
10%
11
5,600
8%
8%
8%
*8 Ve
8%
8%
American
49
49
49
8 Va
8%
49%
*49
49%
32%
32%
34'A
34
34%
112%
111%
111%
112
49%
112'A
33%
19.800
5%
109Va Jan/15
Nov
15
Aug
Mar
20%
Dec
101 %
Feb
107'A
21 Va
Sep
36'A
Dec
14
Jan
Dec
3% Jan
2
4% Feb
14
2Va Mar
4%
Aug
15% Feb
20
8
Apr
11%
Dec
34 V4 Feb
14
23
Jan
3V4 Jan
15
Feb
1
10% Jan
27
Jan
2V8 Jan
96
Jan
101
27
1%
68
Oct
Jan
29
Mar
5% Mar
102
Jun
20% Jan
24% Feb
8
15%
Jan
25%
Mar
94% Feb
1
59
Jan
94%
Dec
42
Jan
3
33
Apr
40%
Dec
6% Feb
27
Jan
6'A
Aug
91
38% Jan
50
47
Jan
24
3
3%
46
Apr
Nov
1
51
Jan
13
39% Mar
1
63% Jan
2
74% Feb
21
65
Mar
76%
Oct
par
6% Jan
5
10% Feb
8
4
Jan
7%
Aug
J 00
70
Jan
89 % Feb
6
61
Jan
79 Va
No
par
9
Jan
3
Feb
19
7 Va
Apr
9% July
7% Jan
3
8% Feb
13
6 Va
Jan
9'A
Products
Corp
Co of
Invest
111
1
Mar
15
11
Dec
Aug
46
Jan
50
Jun
par
26
Jan
22
1.
14%
Feb
28'/a
Dec
100
103
Jan
30
112% Feb
27
80 Va
Jan
111'A
Dec
par
21% Jan
12
25% Feb
7
14%
Feb
24 Va
Dec
2
14% Jan
9
8%
Jan
12% July
30% Mar
2
Feb
26
50
preferred
conv
7%
10V4
2
36 Va Feb
5
preferred
Internat
Locomotive
American
108%
21
20 V4 Feb
No
6% non-cum
Amer
2
17% Feb
5
3
Ice_
American
100
34%
*49
49%
32%
112%
32%
111
600
8%
8%
8%
Jan
3
12
Dec
24
10
preferred
conv
Mar
30 V* Jan
Leather
&
American Home
500
10%
Hide
American
Jan
107
106 % Feb
SS Co
American Hawaiian
600
48
74
3
No par
No par
No par
No pur
preferred
$7 2d preferred A_
$8 preferred
900
40%
Inc
Lines
Foreign Power
$7
15,800
93
Nov
115% July
American Export
23%
99%
Jan
2,100
93 Va
Jan
Nov
32%
22%
42% July
68%
183 Va
23
31%
91
Apr
1
Jan
107
32%
23%
33 Vb
1
31'A
93
170%
19
32'A
22%
6
19
Feb
X31 %
*91 '/a
Feb
45% Feb
31 Va Ma r
American
Amer &
Feb
190
119
American Colortype Co
1,100
95'/a July
95
5
3
32
93
Mar
10
2
32
23
82
16
Oct
Jan
1,700
22%
July
Jan
14%
*91
14
27
4%
23%
Sep
May
135
110
14 'A
92%
Apr
8
2
par
14%
13,800
126 Va
12
20
8
14%
3%
Jan
13% Jan
Feb
11% Jan
130
Jan
14%
99%
46
133
96
14 Va
3 Va
Jan
par
4%
99
Jan
37 Va
8
100
preferred
14%
3 'A
7%
17
20
14%
99%
27
Va Feb
Jan
4%
3%
20% Feb
47
39
2,600
99
24
23
Jan
89% Feb
4 %
3'A
Dec
16% Jan
183% Jan
4%
*
Jan
100
No
4%
a
75
Jan
43
25
Fdy
4%
99'A
49
60
4%
3'/a
31%
4
4%
98%
V
30
290
3%
4fJ
69 % Jan
31,500
98%
32%
23 Va July
35%
85
32 %
Apr
107%
10'/a
*48 %
16
35 V4
*8%
*82
45 Va
19
*107%
3 %
9%
31%
Dec
28 Va Feb
36 Va
*97%
74%
May
40
2
107%
3%
*46
26
20% Jan
3 5'A
32
74%
9%
4,100
,82
1
3
107%
98%
47%
47%
*74
1,300
19%
Nov
110% July
Jan
36%
6%
6'A
16%
19'A
Dec
42%
Jan
Dec
47
107%
41 Va
41
520
16%
4 V4
30 % Mar
35%
19
Jan
24
107%
3%
22%
123 %
16%
19%
Xl6%
July
24 Va
50
1
No
Cable
&
conv
118
Apr
24
28
100
Chain
5%
28%
Dec
July
40% July
Jan
36%
14%'
*91
123
Am
50
2
Apr
22%
103
42 % Jan
107%
32
93
5,300
17%
Highest
$ per share
Mai-
35%
*97%
23 %
23
30
118'/a
105
1944
5
Can
non-cum
1
6
20
107%
3%
*91
7%
2,300
5% Mar
3% Jan
21
Corp
&
10
Feb
Preferred
Car
27
Feb
27
Feb
34%
108
14%
32%
X29%
American
120% Feb
19
No par
Corp
preferred
American
2
Jan
49
10
Crystal Sugar
10
6% 1st preferred
100
Amer Distilling Co stamped
20
American
Encaustic Tiling
1
Amer European Sees
No par
99 Va
3%
*98
106
*117
123%
18%
6;000
Apr
126
Cable & Radio Corp
Amer
260
44%
106
118
122%
17
18%
4%
4%
14%
*32
16%
18%
32%
33'A
32%
122%
17
107%
107
107
123
2,300
190
44%
31'A
118
28.400
94 %
94 Va
190
107
30%
30%
16%
122
*16%
94%
45%
5 'A %
12%
Jan
33 Ve
2
<new^
Co
Shoe
96 Va
15
2
Note
Bosch
Brake
Am
Jan
1
17
45% Feb
20
43% Jan
preferred
American
131%
12%
190
45
106%
*130
12%
94 Ve
*189
45 Va
104
131%
12%
190
44
103'%
43%
44 Ve
43%
102%
93
188
92%
93 Va
188
12%
12%
12%
12%
12%
93%
*186%
*130
131%
*130
132
*130
72
*71
71
71
*46
14Va
23% Mar
102 Va Feb
2
24
107% Jan
Agricultural Chemical_No par
6%
$ per share
10
Petroleum
45'A
23
$ per share
1
50
preferred
Amerada
29'A
125
Feb
33% Jan
45'A
124%
20 Va Jan
100 %
Lowest
Highest
$ per share
par
No
Mfg
29
No
49
Feb
8
50
Jan
34% Mar
11
111%
112'/a
1,000
24
23%
24%
X23 %
24 %
24%
25
24%
24%
24 Va
24%
8,600
Amer
Mach
&
Fdy Co
No
14
13%
13%
13%
13%
13%
14
14
14%
14
14%
5,900
Amer
Mach
&
Metais
No
par
12 % Jan
30%
•nio%
29%
30%
29%
30%*
30%
30%
30%
30%
30%
30%
3.700
Amer Metals Co Ltd*.
No
par
24 Va Jan
24
100
130% Jan
26
133
Feb
23
Feb
130
No
par
41% Jan
2
46
Jan
18
32
Jan
43
No par
2% Jan
2
5
Mar
1
2
Jun
3 Va
Aug
No par
No par
No par
60% Jan
22
78 V4 Feb
20
44%
Feb
66'A
Dec
54% Jan
22
72
Feb
20
40
Feb
60%
11% Jan
2
14% Feb
14
9
Jan
12% Aug
Jan
2
182% Feb
27
163
Jan
111
112%
23%
13%
30
*131%
44
3%
4
44
133
*113%
133
*131%
44%
45
44%
'
133
44
*131%
133
43 %
45
4
4
3%
4 Va
.4 Vb
133
4%
4%
*134
136
1,000
X45
133
46
840
5
100,900
45%
45 'A
,
4%
5
73%
74%
72%
75
75%
76 %
76
76%
75 Va
'76%
73%
75%
68 %
68%
66%
69%
69%
70%
69%
70%
69
70'A
67%
69
13%
•
No par
100
preferred
Alll8-Chalmers
200
121
121
Lowest
Par
1,300
25%
5
7,700
Year
Range Since January 1
STOCK
YORK
EXCHANGE
100
45 'A
120
120%
121
26'A
26-
16,400
102
44%
NEW
Shares
23%
23'/a
102
102
*101%
44%
for
the Week
$ per share
$ per share
share
102
44%
44%
120
5
23
102
44
43%
5
$ per
Mar. 2
Mar. 1
Feb.28
Sales
Friday
Thursday
Tuesday•
Feb. 27
Range for Previous
STOCKS
HIGH SALE PRICES
Wednesday
Monday
Saturday
Monday, March 5, 1945
14%
13%
14
14
14%
14%
14%
14'A
14%
14%
14
182%
182%
*181
182%
182%
182 %
180
182%
181
*181
182'%
6%
$6
preferred
preferred
Rad
& Stand
18%
18%
18%
18%
18%
1.8%
19
19%
19 Va
19%
19
19'A
29.600
91%
90
90%
89%
90%
88%
89%
87%
88%
86%
88%
3,780
4%%
22
22%
21%
22
21%
21%
*21%
22%
22%
23'A
23%
24
2.700
American
21%
21%
*21%
22
21%
22
22
22
37
36
36
36%
37
37%
46%
47%
169
.
:
37
47%
>'46
168%
169%
47%
48%
168%
167%
44%
167%
45
45
45
156
*154
157
*44
*153%
*154
32%
21
32
32%
23%
32%
22
23%
*25
25%
26
*25%
49%
.
,t
49%
44 %
157
44%
22%
22%
25%
25%
26
26,,
49'A
49%
136%
*137%
32%
x32%
162%
163%
162%
163%
162%
72%
72
72%
72%
72%
72%
149%
149%
149%
♦15'/a
15'A
15%
15%
15%
46%
*119%
46 %
46%
121
46%
121
*119%
'
23
49%
72%
800
22%
149%
46%
*119%
72%
72%
150
15%
46%
121
Smelting & Refg
360
45 %
22%
72%
Amer
168'A
45
22
*149%
15.900
168
45%
32%
*26
50%
48%
6Vo
32 Ve
32%
23
26'A
26 'A
13,400
72
15%
46 Va
*119%
106
10%
10
106
*105
10%
105%
11%
11%
113
111%
112%
7
6%
6%
6%
11%
*u%
113
6%
11%
113
10%
106
11%
113
7
10%
*106%
16%
16 %
17,100
Amer
47
121
3.100
American
5%
11%
*110%
10%
11
107
11%
11%
11%
110%
112
110%
V/n
7
6%
11
11%
500
11%
111
7
145,500
107
10%
107
11,100
111
13,300
66%
66%
66%,
66%
68%
68%
*67%
69%
69
69%
68%
68%
33%
32%
33%
32%
33%
33%
33%
33%
34 Va
34
34%
31,700
44%
28%
29
116
>
*55
46%
14
15
*54%
55%
8%
8%
8%
8%
113%
113%
*113%
120%
122
700
Andes
5%
5%
500
A
*55 Va
55%
55%
55%
300
Archer
8
8%
11%
7%
8'A
*
114
113 '/a
113%
800
119
119%
119%
70
*46%
47
<13%
13 %
800
46%
46%
46%
46%
47
13%
*13
13%
*13%
13%
13'A
13%
11 %
11%
20%
11%
11%
11%
ll'A
;
11%
7%
2d
*45
;/ 50
115
*114
115
114%
115 Va
♦46
53
*46
53
*107%
108
*107%
108
*107%
81%
81%
81
81%
*105%
106%
106
106%
60%
58%
60%
*37%
38
37%
38%
*75
80 :0;
60
34%
♦112
16%
56%
68%
80
*75
50
107%
*107%
107%
*107%
107%
81%
82%
83%
84 "A
83%
84%
84
106%
106%
107'A
107%
108%
108
60%
61%
61%
60%
62
38%
38%
38%
80
80
80
106
59%
38%
*77
38%
80
38%
*77
34%
33%
34%
34%
34%
34
35 Va
113%
112%
112%
112%
112%
*112
113%
16%
16%
16%
16%
16%
16%
17
16% ,17
56%
56%
56%
56%
56%
56'/a
56%
68
56 %
X67%
68%
67%
117'A
*116%
117%
*116%
21
21 Va
♦20%
22 %
ll'A
ll'A
82%
*81
19'A
19'A
19
6%
6%
29'4
29%
28%
29%
14%
15.V8
14%
15
26%
27 Va
26%
15
15
14%
11%
11%
83
14,700
108
1,900
62'A
38%
38%
>77
34
34%
*112
56%
13,300
113%
20
16%
16%
9,400
56%
56%
700
G
5%
W
106% Jan
22
5% Jan
I
Jan
8%
Jan
11
39%
Api-
Feb
21
116 3'8
Apr
11 Vb Feb
49 % Jan
120
68%
118
67%
*116%
68
67%
*116%
118
22%
22%
11%
12
11%
12
82%
82%
82%
20
>79
22%
22%
22%
68%
118
22%
68%
67 Va
*116%
*22 Va
950
23
600
12 Va
11%
12%
*81
82%
8 2'/a
83
20
20V4
19%
19%
5,200
6%
6 V2
6%
88,300
11%
9,400
180
'
Atlas
$5
19%
6%
.6%
6%
29
29%
29%
30
30
30'A
29%
30'A
32.500
Baldwin
14%
15
15 Va
15%
15'A
16'A
15%
16'A
67.800
Baltimore
27%
27
27%
27 'A
27%
28
29%
28%
29%
41,300
15
14%
15
15'A
15
15%
15'A
15%
3.300
72
71
72
39%
3 8'A
38%
:
•20
.
6%
6%
Autocar
Co.
Aviation
Jan
22
7 Va Feb
21
4
Jan
60% Jan
23
69 VA Mar
1
44
Feb
65
Dec
29 Ve Jan
2
34% Mar
2
24%
Jan
29'A
Dec
par
38 V4 Jan
6
46 % Feb
19
39
Dec
24 % Jan
6
29
Feb
24
20
Jan
28% July
114% Feb
17
112
Nov
117% May
Feb
21
15
1
4Ve Jan
2
par
52% Jan
2
107
116
15
5% Feb
14
Feb
8
56
25
Jan
9%
Jan
2 Va
Jan
42
Jan
9%
107
Nov
Dec
Dec
6 Va July
14'A
Dec
4%
Aug
57
Jun
6% July
2
8% Jan
30
4%
Apr
103
Jan
5
114% Feb
23
74 Va
Jan
107%
100
108
Jan
15
Feb
2
85
Jan
119
par
44
Jan
23
47% Feb
21
35'A
Apr
46%
11 % Jan
2
14 Va Feb
21
9'A
Feb
12% July
5
No
5
6% Jan
126
Dec
Jan
Jun
13%
Jun
19%
Dec
10
Jan
2
8%
Jan
l
18
Jan
20
12%
Jan
—100
113
Jan
3
117
Jan
18
90
Jan
113
100
111
Jan
4
117
Feb
14
85%
Jan
113% Nov
45% Jan
19
45% Jan
19
33
Jan
12
107% Feb
15
76% Jan
31
85% Jan
11
Jan
30
108% Mar
1
43 Vb Jan
22
62 Va Feb
20
—No
.
Co
-No
par
par
,.—100
100
100
RR
100
106
101
12% Feb
21% Mar
5
1
45%
Sep
103'A
Jan
108'/a
Nov
53 Va
Jan
83%
Dec
Jan
106'A
Dec
82
Jan
55
Feb
38% Nov
76
33 V4 Feb
1
39'A Jan
5
25
74% Jan
5
80
Feb
7
59 'A
Jun
Jan
_-_25
30% Jan
2
36% Feb
15
24%
1—100
110% Jan
23
113% Jan
5
14% Jan
50
55% Feb
Feb
28
11%
Jan
17%
19
58
Jan
23
53'A
Jan
57 Va
Oct
62
Jun
60
Jan
2
69 % Feb
23
Jan
25
116% Jan
10
18% Jan
6
10 Va Jan
22
Jan
2
5c
Del
(The)
14% Jan
2
3
j
Oct
107%
Feb
113
77
32% May
114
3
17
100
par
Nov
22
__
par
No par
Dec
25%
1
No
Dec
May
100
Lines
.-No .par
of
100
No par
No
Corp
16'A Aug
67%
No
Nichols.
19%
Jun
11
Feb
prior A
6%
Dec
49
120% July
Jan
Jan
Tack Corp
Austin
July
15%
Jan
preferred
conv
July
75
Jan
13
Atlas Powder
5%
118
75
152% July
Jan
Corp
preferred
6%
Jan
Jan
6 Vb
112
preferred
Atlantic Refining
4% conv pref series A
Atlas
56%
57%
139
6'A
Corp
Line
Dec
84%
5
Co
SS
1
166%
2
non-cum
19%
6%
100
1
Jan
156
11
9
20
Dry Goods
preferred
Coast
22
16% Mar
20
23
Jun
23
preferred—
&
Jan
Feb
73% Mar
Dec
31%
Mar
preferred
2,200
300
35 'A
5%
Atl
45
.—No par
Corp.—
Atlantic
24
73
150 Va Feb
8
Dec
26% May
12% Jan
No
preferred
Topeka & Santa Fe
6,100
80
113 V2
Atch
14% Jan
164% Jan
2
'
*116
*81%
34%
*112
5%
84%
60%
:
Cork
2
3
2
—...
Assoc Investment
107%
*107%
2
65 Va Jan
145% Jan
11
Illinois
of
Constable
280
115
*46
Arnold
116
115
*46
Armstrong
*115
115
*46
Co
1st
21%
132
Mar
33% Mar
1_.12.50
prior preferred
6Vo
114
56
Jan
56% Jan
X140
Dec
Dec
50
Midl'd
preferred
Associated
114%
115%
*113
&
conv
Artloom
114%
21%
$6
7%
360
117
20%
1,900
Armour
6,400
117
20%
P'eb
23
Mining
Daniels
5.000
116
29
111
Jan
Paper Co Inc
11%
116
3
2
22
Mining—
preferred
Copper
W
P
21'A
21%
116
20
25%
25
& Cable
Wire
114%
11%
21>A
116
20%
51,400
113%
*118 V4
46
20 J/8
8
114
116
20 Va
116
div
5%
46%
13%
Anaconda Copper
$5
120
120
Jan
8V4 Jan
$5 prior conv preferred
5%
55
55
124
11%
11%
.*14
16%
1
Anchor Hock Glass Corp
15
15
99% Jan
Amer Zinc Lead & Smelt
Anaconda
15
5%
26% Feb
117% Jan
.
1,400
15
*5%
19% July
No par
1,600
15
5%
Jan
par
Woolen
Preferred
116
15
15
100
28%
*114
28%
26
No par
No
Elec
&
45
28%
116
114
14
28%
*114
114
*46
44
45
29
116
1*122
46%
44%
45'A
29
*114
,*5%
8%
44%
29
116
*13%
55
55
114%
124
44%
29
5%
5%
8%
8V4
114%
44%
*114
14%
14
5%
56
*122
28%
116
"114
14%
14%
*5 Va
44%
44
45%
29
*114
Wks
Dec
23% Feb
14
preferred
American
600
33
1st
152%
16
10
Corp
Dec
Nov
146
28%
25
preferred—
Water
$6
1.100
7
6%
Am
Viscose
Dec
45%
Jun
100
Type Foundries Inc
9
43% July
165%
22 V*
Jan
16%
Feb
Jan
Jan
39% May
15
—25
B
preferred
153
36 Va
147
33% Feb
100
Tobacco
Common class
6%
1
2
65
American
21
27% Jan
31
1.060
28
Feb
par
Jan
Telep & Teleg Co
48% Feb
45 % Mar
170
9
157
Amer
Feb
Dec
Feb
2
3,600
*106%
153
2
12
73%
11 Vb
3
10
22
2.000
107
Dec
48% Jan
'
lO'/s
10 %
*i04'/a
Dec
37 Va
40 % Jan
100
Tobacco
150%
46%
19%
Jan
,29% Jan
Sumatra
149%
*119%
Feb
26 V4
120% Jan
Am
73 %
47
13%
15
100
2.000
150%
121
15
40
100
72 %
•
73
46%
23 % Feb
2
43 % Jan
Preferred
600
,
150
*119%
15
Jan
par
16,900
46%
Sep
17% Jan
36
No
163 Va
121
18%
Sugar Refining
163 Va
16%
Jan
American
163%
16%
13%
3
163 Va
73
2
1,600
49%
140
72 %
Mar
22% Jan
33%
72%
24
par
33 V2
72
4
par
50%
73
18% Jan
No
33%
150%
77%
StoveiCo
139%
72%
72 %
150
17% July
Jan
American
163%
163
Jan
300
50%
•
12 Va
62%
17% Jan
32 %
49%.
20
23
No
139%
Xl40
19% Feb
91 % Feb
Stores
/
Dec
Aug
2
6,900
)
Oct
Dec
2
164 % Jan
No
Foundries
180
Dec
Jan
25
preferred
non-cum
115 Va
15% Jan
par
,
20
75
American
32%
140
Snuff
Steel
Amer
par
176
__100
No
Preferred
American
157
21%
:26 %
18.50
No par
48%
*154
Razor
No
168 %
157
Safety
Seating Co
Ship Building Co
45%
*154.
25
100
American
47%
47%
Rolling Mill
preferred
conv
Amer
*167%
32%
163
600
American
100
1,830
45 Va
32%
136%
72%
37
32%
*32%
72%
21%
*36%
32%
32%
136
136
*21%
37
x32
*31%
49%
136
22
48%
157.V
*154
32%
49%
37
168%
47%
168
*32%
*135
*21%
San'y
Preferred
90%
*37
Co'
Light
$5
Am
150
184
News
Amer Power &
7,400
42,400
preferred---h.
American
13,8(10
Va
preferred
5V4 Jan
24
24
Feb
2
52 Va
112
14 Va
Apr
May
May
Dec
120% Aug
20
Dec
12% Mar
2
7
Jan
13% May
83
Feb
23
66
Apr
84'A May
21
15% Nov
Feb
13
14%
Dec
6% Feb
8
3%
Jan
30 V4 Feb
19
6
Dec
B
*70
15
70%
*69%
70%
71
70%
70 Va
38%
38'/a
37%
38%
38%
39%
39%
39%
23 »A
23 Va
23
23 %
23
23
24'A
23 Va
*52 Va
52%
52%
52 %
52%
52
52%
23%
24
20%
♦70
*52%
Va
71
39 %
120
4.100
23 Va
23
23 Va
1,700
52%
52%
5 2'/a
52 %
290
*23
.
,
4%
Bangor
Conv
23%
22%
23%
24 Va
25
24 Va
24%
23%
24%
35.800
21 Va
20%
21%
21
21
21%
21%
21%
21%
21'/a
35%
36
7,900
Bath
35%
x36%
36%
36%
36%
36%
36%
37
37
40'/a
40
40
1,800
Bayuk
*38%
40%
40
40
41
40%
41
400
"108%
109%
109 %
*12%
12%
*36
37
*113
For
118
footnotes
108%'
108%
12%
♦36
►115
see
12%
12%
12%
37
37
37
118
page
*115
1003.
118 V
*108'A
12%
*36
*115
109%
13'A
109
13 Va
109
*109
13%
*36'A
Oil
Cigars
Beatrice
118
*36
50
12%
5,400
Beech
Aircraft
37%
60
Beech
Creek
$4.25
*115
117
*115
117
I6V4 Mar
1
5%
Jan
13%
31
29% Mar
2
9%
Jan
23%
Dec
12% Jan
24
15% Mar
2
9'A
Jan
14%
Dec
67
Jan
19
72
Dec
30 % Jan
2
10
Corp
RR
Beech-Nut Packing CO—
Mar
1
Jan
68%
39% Feb
28
21 %
Apr
23%
Jan
18
July
Jan
53
Aug
60
Dec
No par
17 V2 Jan
3
24
Feb
16
——50
50 % Jan
9
52% Feb
21
43
25
Feb
28
14%
Sep
18% Mar
21% Jan
11
14%
Aug
19%
Dec
25 %
Feb
34 Va
Nov
31
Jan
38
Dec
105%
Jun
111
7%
Jun
14%
Dec
Jan
38
Dec
Jun
121
Nov
5
Inc
Dec
12
16% Jan
2
1
18% Jan
22
par
32 Va Jan
19
37% Feb
8
25
36
Jan
23
-41% Feb
19
No par
1
108
110
11
Corp
Creamery
preferred—
'
37%
Dec
22
19 % Jan
100
Co
Works
109 '/a
12%
37%
Iron
26%
22
11% Jan
50
;
preferred-'-
Barnsdall
Apr
25 % Jan
100
c
Asphalt Corp
5Ys%
18
13
100
Barker Brothers
23 Va
♦108%
Works v t
Ohio
& Aroostook
5% preferred
Barber
35%
*39%
&
preferred
21 Va
*40
Loco
No
50
20
Jan
<Jan
4
12% Jan
31
14% Jan
2
36% Feb
13
38
Jan
19
20
118
Jan
3
114
Jan
31
my*
Oct
Volume
THE COMMERCIAL & FINANCIAL
Number 4365
161
NEW YORK STOCK
AND
LOW
'
HIGH
Monday
Feb. 24
$ per share
$
Feb. 27
$
per share
per
STOCKS
•
Thursday
•
•
Mar. 1
Feb. 2K
$ per
$ per sliare
share
Sales
Friday
Mar. 2
$ per share
share
13'%
1374
13¥a
for
NEW
the Week
13%
13%
14'A
1374
14%
14
14%
14%
147 a
14®%
14 ¥4
1374
1474
52 ¥4
53'A
53%
54
54
54®%
5474
5 5 ®4
53®%
5474
-8,000
24%
24%
24'%
24'A
24'%
247a
24'/8
247'a
24'%
24%
24'%
24%
*54%
55%
55'A
55'A
41
41
41%
41%
4174
4174
42%
42'%
18
18'%
17%
18
18
18
1774
18
71%
72%
70%
72'A
71%
73
73'%
74%
13'A
13%
13%
13%
•
Range Since January 1
Lowest
2.700
■
5,300
,
$ per share
*
Bell
Aircraft
Bendix
$ per share
1944
Highest
•
$ per share
$ per share
13% Feb
28
Jan
22
iey8Jan
5
10®a
Apr
15%
47¥4 Jan
6
55¥a Mar
1
33'%
Jan
49®%
Dec
No
197% Jan
12
24% Jan
30
17
Jan
207%
Dec
¥a Feb
8
55% Jan
9
53 ¥4 Nov
56'%
Jan
Oct
13
Loan
Indus
Lowest
■—...——0
Corp—..
Aviation-—
¥ beueiiclal
Year
;
Highest
12'/a Jan 15
8.100
53%
13'A
Range for Previous
STOCK
Par
53'A
13%
YORK
EXCHANGE
Sharei
14
13'A
995
RECORD
PRICES
Wednesday
Tuesday
Feb. 26
Saturday
SALE
CHRONICLE
par
10'/a
Jan
13
;
"
139
139
138
5¥
54
26*
26%
15'A
*22
21
56
44'%
*42%
43'A
1,300
177%
18'A
18'%
1874
11,900
74
747%
73'A
74%
;
138'%
139
139
52%
53'%
53
53%
54
54
Best
26%
26%
27
26 3A
27
3,700
15'A
1574
15,100
23'%
1,000
2 l'A
550
15%
15'A
*22'%
22'A
22%
21
*110%
139
*138
15%
1574
15'%
22%
22%
2134
21
113
*20
139
21%
113
*110%
*2274
23'4
20®%
21%
19
19 V*
18 74
19%
19'%
20
1974
20'A
20
20¥a
1974
20%
58%
58 ¥4
58%
58%
59
59
59'A
59%
59%
59%
59
59
96
96
96'%
96%
96%
96%
96'%
96%
55
55
54
54
*54
55
x46
46
4 6'A
46%
46
46
118
118
400
96
96
96%
54
54
*53%
54
55
55
47®/a
47%
*46
47
46
46'%
¥ Bliss
117®%
117®%
.118
118
35'%
35'%
34%
40'%
40%
39%
6'%
19
19 'A
Bon
170
118'%
35%
35%
35%
35®'a
35¥a
35 3A
35%
35®%
3,600
40 3%
40 $■
40'%
40¥a
4 l'A
40
7/8
41%
4074
4174
9,000
67k
7'A
4,700
47%
1,000
Bower
6'%
6'%
674
46'A
46'A
46%
*48
19%
19
19'A
4974
*48
49 3A
19%
4974
674
67a
48
47
19%
193A
19¥a
49 ¥4
*48
49 3A
*48
19®%
19
65
Jan
2
747/8 Mar
1
56'A
Jan
20'A July
66 ¥a July
100
No par
127
Jan
2
U5¥8
48
Jan
23
No par
23
Jan
2
13'/a Jan
22
Co
20'A Jan
26
Borden
37% Feb
51%
Oct
1
16'%
Jan
25!%
14
7¥4
Jan
Aug
Dec
¥¥ 16
Feb
130
15
l
1
20
14'A Mar
20
Feb
26
93% Mar
109
22
20% Jan
9
2
59% Feb
19
110
Jan
Dec
22%- Dec
Dec
Oct
12¥a
Jun
19% Nov
45
Jan
52%
Jun
No
A___
Inc
par
95
Feb
19
96%-Jan
88'%
Apr
98
Dec
No
class
par
53
Jan
3
56 % Jan
16
46'%
Jan
5 5'A
Sep
43¥a Jan
15
47¥a Feb
24
33'%
Jan
48
Jan
3
118'A-Feb
27
117
33% Jan
2
35% Mar
1
109% May
28¥4 Jan
41% Feb
19
7¥a Jan
9
1
_
Co
100
(The)
114
_la
Jan
22
5'/a Jan
31
37
&
Maine
Roller
RR
(assented) _190
5
Bearing Co
42'A Jan 24
48
Mar
17
1
34'%
3¥a
34®%
Sep
Oct
Dec
41% July
Jan
Jan
37'%
,
•
Jan
7'A July
45
Oct
'
Braniff
2i50
Airways Inc
18'A Jan
100
4974
15
21% Feb
17% Jan
49% Jan'
24
Feb
Mar
15¥a Feb
"5
5
Feb
54
27
139
23
3-5
Brass
44
23'/a Mar
18'/2 Jan
109'A Feb
'
12,000
6
100
Co
&
par
—No par
preferred
preferred
Boston
47%
6%
Jan
B
Stores
4 '/2 %
'
Co
Ann
Class
Bond
*117'%
46 %
15¥a
_5
Brothers
Aluminum
35 34
18%
49 ¥4
*47
Bohn
'
118%
6¥a
41%
2
—No
Airplane
*117%
46'A
Jan
18¥a Mar
Laughlin Inc
Boeing
118%
6'%
46
&
Blumenthal &
118'A
45 ¥4
6'%
46
33 ¥4
22
No par
(Del)
Co—
' Bloomingdale
290
1
Steel
Blaw-Knox
1,600
*95
800
1
Jan
7 % preferred.^.————
Blgelow-Sanl Carp Inc
& Decker Mfg Co
'15,900
.
% Mar
17
v Black
20
113
*110%
113
700
Jan
1
Foods
Bethlehem
1,100
25®'a
54
pfd $2.50 dlv series '38_No par
38'% Feb
"
27,500
53'%
*110'A
20%
110
Pr
100
2574
15
22'A
20%
110
112%
*55%
*55 %
138%
15 34
*22
21
*109'%
26-
15
22 "A
15'%
56
43%
56
53'%
53 %
25%
*55'A
=25%
138%
138
*52%/
56
*55
July
47
Jan
20 % Jan
15
4
12%
Jan
4 9 ¥4 Feb
22
28
40%
Feb
21% Aug
53
Oct
'
12 »A
12%
12'%
12%
12'%
12%
12%
127%
12%
12%
12,'A
1274
40
40®%
39'A
40¥a
40%'
40 3A
40®4
41%
4174
417%
41'%
4174
45
43%
Bridgeport Brass Co___
Briggs Manufacturing
7,100
,
9,200
,
1.000
44¥a
447'a
44%
*44
45
44%
45
52
52
51 'A
51%
51%
51%
51%
513A
52
52
51%
51%
600
26'A
26'A
26
26'A
25®%
26
2674
26®%
2674
2674
263A
27'A
48 ¥4
48%
49'%
49%
*48
50'%
*48'%
50
50
50
27
27
X27'%
27%
26 3A
27
•
*44
44%
'■
*27
*48%
27 ¥4
49%
27
/
27
,
..
'5 '
•■
2
37% Jan
22
No
No par
Brown
l!500
26%
26
10¥8 Jan
par
Briggs & Stratton
4
400
,.
par
Bristol-Myers
Co
Brooklyn Union Gas
6.800
*44®4
No
No
41
Jan
No
par
23¥4 Jan
25
*
14¥a
15
*121%
123
14®%
14®%
1474
1474
14 3A
*122
125
*122
124
123
1474
147%
15'%
15
125
15 Va
Bucyrua-Erie
12,000
20
7%
ill 74
12%
37.500
Budd
81 ¥4
81
817%
1,230
14%
Xl4
14'%
17,200
25%
*23'%
25'A
300
Buffalo
" Bullard
11®%
11'A
11®%
11®%
1174
1174
12'A
11 ¥4
12'A"
79'A
80
79'A
79%
79%
80
79 34
80
8074
13®%
14
13'A
13 7%
13%
13 7%
1374
14%
27'%
26
26'%
*24%
25 ¥4
*2274
2574
23 ¥a
23%
23'A
23%
2374
24
51%
51 ¥4
51%
52
51%
51 ¥4
46'A
46'A
46'A
46 ¥a
46%
46%
14
125
*122
125,
*122
11%
*110'A
,
16
15%
46'A
24
24
24'%'
23%
23%
4,300
53
2374
*52
53'%
5 5 ¥4
56
57
'
Budd
2,900
4674
45%
46'A
45¥a
46¥a
7,500
*110
*110
*110%
__
*110
15®%
1574
1574
1574
8%
1574
8'%
8'%
78%
*77'%
79%
79%
79%
65
66
65
65
65
8%
_
*110
•
—
2
74% Jan
2
10
120
Jan
22'A July
Mar
2
39%
Jan
49'A
Dec
16
25¥a
Dec
Jan
14
Dec
Jan
129
Dec
Feb
14% Feb
3
27
par
18¥4 Jan
22
par
47% Jan
24
1
39 ¥4. Jan
¥4 Feb
24'/8 Mar
57
Mar
47 ¥4 Jan
21
14
8'/8
116
26
57/8
47%
19
Jan
Jan
1
16%
2
31
18
27®/a
8¥a
65
974
1
100
80%
*81
65%
9
13,400
ll0'/2 Jan
5
No par
Burroughs Adding Mach
16,300
Bush
9%
9
80%
*65'%
70
137/a Jan
2
240
Terminal—
6%
65%
Bush
83
65%
.
Oct
,
12% July
77'%
Dec
11¥8
Jun
22%
Dec
Sep
207%
Dec
May
49¥a
Dec
,
7'A Apr
17
19'
July
Jan
Jan
40 ¥4
Dee
lll¥a
Dec
"
bVo : preferred
V
50
53%
•
17% Jan ¥
12% Feb 14
81 '/a Mar
2'
2
No
.
Jan
14%
Jan
No
Watch
Jan
40.'A
22'/2 Jan
par
:_1
„•
;
' Burlington Mills Corp
—
16
1574
157%
15®%
874
8®4
78
65'%
65
_
Co
39
2
124
22
No par
Co
Bulova
6
Jan
10'/8 Jan
No
Forge
13'A Jan
100
No par
Wheel
20
20,
111% Jan
30
107
'
15®%
79
8'%
*78'A
*23%
««-_5
;
G)
Mfg
$5 preferred
-
*26%
CoL*i.
preferred
(E
Feb
28% Feb
15% Feb
8
Bruns-Balke-Collender_
12% July
44% Aug
Feb
50
45
•
53
2
par
Jan
Jan
47
2
17
Jan
_No
8%
27
27'A Mar
Jan
497/a Jan
21
par
5
Shoe co__
12 '/a Feb
417/a Mar
:_1
16
Feb
9% Jan
23
22
78
Feb
26
82'% Jan
16
65
Jan
20
72'A Jan
3
-
v
15% Jun
12% Jan
r
4
Jan
3
7% Jan
100
preferred—100
preferred
Apr
54
9¥s
Jan
43'%
Apr
Dec
83
Dec
70'%
Dec
15®%
Dec
'
Term
Bldg 7%
•
T5¥a
15
15%
15
15'%
15%
1534
108%
*108
108'%
*108
108'%
*1077%
108'%
4
4'%
4
15'A
*108
4
4
1874
\19'A
98'%
99'%
18 ¥i
4
19'%
19'A
19®%
25
25
1974
25%
30%
31%
30%
31%
30%
31
*54%
55%
54%
54 y2
54%
54%
100'%
2074
100
25
25
31'A
54 %
*54'/2
55
l¥e
2
2
1%
2
7 74
8%
7%
7%
7%
7%
7%
7%
774
8
23%
23%
23%
23%
23%
23%
23%
33%
34
33%
33 »/2
33%
33%
3 4'A
114%
114%
114%
114%
114
48%
48%
*48
49
115
*48%
*115
49
23 ¥4
34 ¥a
33%
13%
13%
13%
13%
13%
13%
Xl3'%
13¥a
13'A
13%
*50%
51%
*50%
51%
*50%
51 y2
51'%
51%
50 ¥4
50¥4
15'%
%
*53%
121%
121%
,
121%
121
*34
34 %
14%
54%
*34
*53%
121%
*53%
55
*53 %
14%
14%
14%
*14%
*121
121V2
15'%
54
15'A
15 *
15 "
54%
55%
-3,300
100
150
13¥a
14'A
;•
121%
14 %
.1,000
,
34'A
X34
27%
28%
27%
28'A
28
70
71
70'%
71%
70%
71
34%
34 ¥4
800
27%
28¥a
.5,700
71'A
70'A
71'A
1,200
49%
1
106%
139
139
50%
42
7'A
106%
138
50%
50%
42'A
39%
40'/a
163¥a
1637%
51%
50%
51'A
51
43
-
*136
43%
42'/2
106 %
106 ¥a
106¥a
106'
137'%
137%
137
137'
135%
136%
16%
.
210
-
16 ¥4
17'A
19%
19%
19%
19%
19%
19%
20
20
19¥a
20
19 %
20
3.670
21%
21%
22
21%
22%
22'%
22%
22
22 ¥a
21 ¥4
22'A
6,600
5%
116%
*114%
J
12%
12 %
12%
7,900
,8,700
28
,
10
27%
28'%
28%
28 ¥4
28%
1,500
12'%
12%
12'A
*11%
12%
36%
35%
36%
36%
37'%
37
37'A
36%
37¥a
8%
8 y2
8%
8'%
8%
9'A
8%
91/4
146 %
147%
151%
151%
23¥a
500
*
23
114
113'A
113
48
47
48
53
6%
7
17%
111¥4
33'A
112
112
50
49
"
2,300
112 '/2
*112
*49
33 »A
290
'
-
49
800
200
15%
15'A
15'A
15
15
53 ¥a
53%
54%
53'A
54 ¥a
7¥a
7¥a
7¥b
7 ¥4
17 ¥a
17%
17%
18¥a
7,200
7'/a
7 ¥4
27,600
26%
27%
6,300
6%
6%
6'%
6%
6 ¥4
25%
25%
26'%
26'%
7
18
67%
7'A
26'%
26'A
26 ¥4
«'
'
27%
28%
27%
27%
28
29
29'%
29%
29%
29 ¥4
29'/a
30 ¥a
-33,800
581/4
59%
58 y2
59
58%
59'A
59%
60
59%
60%
60
61'A
22'A
22%
23
22¥a
23
16,600
2,600
24'A
24%
247/a
25
22%
22%
21%
22
21%
22
24
24%
23%
24 '%
23%
24
*51%
52%
*52%
54
*57%
58 ¥4
17%
17%
*52
54 %
54%
52%
*57%
58%
58
58
58
58
17%
17 %
17%
17%
17%
17%
*17%
18%
*17%-
7%
7%
*17%
18
7%
7%
*34'/a
35%
*34%
101%
100 v2
101%
22%
.
40 y8
*100%
102
*100%
11%
12
11%
.
40
40
11%
*22%
.
*100'%
58
54
7%
7¥a
r
17¥a
58%
17%
120
'
1,700
/
18'A
18'A
800
7 ¥4
7¥a
8'A
6,100
35%
40
35%
*35
101
23%
23
23
39%
41
40'/2
*100%
102
*100%
23
12'/4
12,600
102
23
59%
100
18'A
1027%
12'/a
*
177%
35%
102
...
57 ¥4
102'A
35'%
4,400
53
*52
58
18'/a
12%
12
12 %
12
24%
40
40
..
¥4
*17%
103
102
102
*100%
102
*34%
35'%
23
23
40 %
7'%
102
101
22%
22%
40%
22%
*40
*34%
22
24%
*52%
18
18
7%
7%
35 y2
101%
18
1,600
40%
300
102
12'%
12
2,000
58'/2
700
58
58
57
57
59
59
60
60
*170
185
*170
185
*170
185
*170
185
*170
185
*170
185
*90
94
*90
94
94
*91
94
*91
94
*91
94
114%
*113
47
*108%
*113%
47%
110%
47
*108%
*53%
"
56
*53%
114%
49'A
X48'A
*108'%
97 y2
58%
49
114
200
49
1,800
110%
110%
*108
110%
*108
97%
*96
*96
97%
97
97
*53
Cluett Peabody & Co—
*144'%
147%
144
39%
144%
*143
145
136%
136 ¥4
136%
137
*136'A
138
64
63 'A
38%
38%
*107'A
38%
*111
111%
32%
'%
108
38%
111%
*111
■63 'A
63%
64
64
*1050
33'%
33 s%
*107'A
39 ¥4
38%
40%
131%
*111
111%
108
28 V*
29'A
*63%
33%
34
33%
*i07y4
108
*107'A
39 ¥4
40
*40'A
111%
111%
27 ¥4
34
,28%
7,900
27%
27%
27
27%
28%
34%
35%
34%
35
34'%
34%
34%
34%
34'A
35'A
34 ¥4
35 ¥4
*29%
30%
29%
30%
30%
30'%
30%
31
31 'A
32
31
32%
*28%
29
..
28%
28%
37%
37%
37%
37%
*36'%
36%
36%
27%
36%
For
footnotes
see
page
-
1003.
*
29 ¥4
37'A
37'A
36%
37'A
37%
37'A
37
37
36¥a
36%
36%
37
36%
36%
29
27%
36%
36%
-
29%
30%
29 ¥i
10
2,000
40
287%
..
6,100
111%
28'A
30%
(The)
No
.
860
1.790
540
1.900
600
Colgate-Palmollve-Peet
$4.25 preferred
Collins & Alkman
•
5%
conv
Colo Fuel
Colorado
4%
preferred
& Iron Corp
&
Southern
•
Class
B
20
43¥4 Feb
19
107'% Feb
6
139% Feb
23
17'A Mar
20
Feb
24% Jan
3l¥a
1*
6'A Feb
11
Jan
15'%
Nov
2®%
107
Jan
Jan
July
Jan
Dec
i 129% Nov
Jun
19% July
,
12
30
40'%
106
Jan
19
23
14¥a Jan
Jan
17
14
115'A Feb
Jun
113
&
54
Apr
96®%
•
>
Oct
23
July
4®% July
/ 114
Sep
8'% Apr
15
Mar
Jan
18
20¥4
Apr
28 ¥a
Nov
12% Feb
0
7'A
Jan
12%
38®% Feb
23
30%
Feb
37%
9'A Mar
1
4®/a
Apr
9
Jun
28
May
134
Nov
,
Dec
Jan
17%
Apr
23
Dec
Jan
3
Feb 28
Jan
3
Jan
5
Jan 24
Jan
3l'A
Dec
115% Jan
20
108
Jan
52'A Feb
17
24
57
27%
114% July
46% July
Jan
9
11
54®a Mar
2
44
Jan
31
77% Jan
9
5%
Sep
9'% Mar
22
18% Mar
2
11%
Jan
18¥a Mar
4'%
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
22
22
22
22
2
3
4
3
15% Feb
7 ¥4 Jan
Feb
14!%
Dec
Apr
50®%
Dec
Jan
7% Mar
277% Mar
2*
18
Jan
■'¥■25% Mar
30¥a Mar
2,
21'%
Apr
8
30 ¥4
Nov
62% Jan
9
43%
Sep
65'% July
23
Mar
1
15%
Feb
21®%
25
Feb
16
16'%
Jan
21 ¥s July
53% Feb
23
38¥4
Jan
49'% Nov
58
Jan
19
47
Jan
18
Feb
23
13
Jan
18'A Feb
23
17'%
30
Jan
4
2
8¥s Feb
19
Jan
2
Jan 24
Jan
2
Jan 2
Jan
2
Jan 27
36'% Jan
18
24
1047% Feb
19
77¥4
57
23'A Jan
18
13
12% Feb
14¥4
15
43% Jan
103% Feb
16
6¥a
May
Feb
98'%
Jan
6%
31®%
Nov
Jan
Nov
Jun
Oct
■
July
Jun
25'% July
-257a Nov
95
Dec
19'A July
14% May
13% Jan
31'% Feb
106% Jan
34% Jan
No par
100
111
2374
28
28'A
25%
34%
No par
;
1st
2.50
Dec
Dec
96'%
'
Oct
10 7%
v
Jan
2
60
51
Dec
20
26
2
22
24
175
Jan
8
148
Jan
;185
Jun
94
Jan
11
70
Jan
90
114% Feb
27
110
Nov
115'%
Jan
49'A Feb
28
Apr
45'A
Jun
3
17
97
53'% Jan
2
5
39% Feb
109
Mar
Jan
Mar
39% Mar
1
,
35% Feb
37'%
15
106
Mar
109
2
92
Jun
96
17
52% Mar
2
30% May
34'% Apr
28
Jan
30
145
3
111
Feb
150
05
Jan 22
¥
Jan I,
Aug
Oct
' 38'% Mar ;
,
39% July
r,
Feb
140¥4 Jan
53®%
Jun
152
July
¥,'146% July
59'% July
67%
Jun
23'%
Jan
33%
Dec
103®% Mar
108'%
Jun
„
No par
No par
100
Mar
23
144
Mar
l
134¥» Jan 11
82% Jan
2
par
preferred—_10O
4% non-cum 2nd preferred
100
Columbia Br'd Sys Inc cl A
2.50
non-cum
5 ¥4
39
152'A
11
Jan
Feb
89
Jan
109% Jan
44
Jan
107% Jan
93% Jan
53% Jan
34'A Jan
35% Jan
100
——
Co
A-——.————No par
Class
Jan
20
170
Coca-Cola International Corp No par
107%
41
Coca-Cola
260
/—.
~
*111
400
u
64
*1050
64
*1050
33
108
%
27%
•
Molybdenum
Preferred
80
.
•
*
*1050
*1050
38%
4%
Climax
3,400
Jan
2
Jan
2
Jan
5
Jan
2
Jan
2
Jan 16
Jan 24
52'% Feb
•
Dec
Jan
29%
91%
20%
31 ►
98
9%
49
50
No par
No par
gtd
.7,500
136%
♦111
stock
8peclal
39%
39%
147%
1
4% Jan
gtd——50
38%
4
1
1637% Mar
Dec
65
33
Apr
143% July
44'A Jan
19
407% Feb
3
Dec
22¥a
153'% Feb
16
Louis Ry.
39%
39%
7'A Feb
26
33'%
.
x35% Feb
54
15'%
5
Clev & Pitts RR Co 7%
20'
8
6
19%
preferred
39%
136%
34% Feb
Dec
Dec
Dec
2
49
No par
Co.——100
100
Clev El Ilium $4.50 pfd
-No par
Clev Graph Bronze Co (The)
1
5 %
preferred
;
100
St.
&
54'%
119
Jan
19'%
Equipment——
C. C.
56%
*144%
33
Clark
39 ¥4
147%
Oct
25'A
54%
100
-
39'A
137%
32%
Stores
*54%
*136%
108
City
Jan
Jun
57/a Jan 22
par
-_No par
H'%
Jan
97
18 ¥a
24
—No par
39%
*144%
33
Ice
City Investing Co new
5'% % preferred
56%
39%
108
Corp
& Fuel
Feb
43'A
15'% Jan
par
25
9
Copper Co
Chrysler
<^1ty
No
Co
39 ¥s
147%
32%
Chile
1:
27%
28'%
111 ¥4
41
14'/8
50
6%
10
OH
39 y2
138
*107%
tChilds
Cotton
6%
20
28
Die
12% July
51'% July
129
Jan
2174 Jan
preferred—
50
Chicago & Northwest'n w i„No par
5%
preferred wi
-100
Chicago Mail Order Co
5
Chicago Pneumat Tool
No par
$3 conv preferred
No par
Pr pf ($2.50) cum div
No par
Chicago Yellow Cab
No par
Chlckasha
Feb
Apr
Dec
4T%
;
56% Nov
7
5%
38%
*137
.
50
Chicago Great West RR Co
*53'%
~
122
2
Dec.
21% July
35'A
Jan
20
14¥8
18'%
20¥a
4'A
109'%
11
27% Feb 14
10s/8 Jan 22
33
Jan 24
40
A
56'%
39
*1050
No
8%
42®%
19
19"
Jan
20
127
No par
100
——5
5
25
Co
38'%
38%
*63%
RR
38
37%
39
64
Class
56
'40
'
•i44%
*63%
■¥
5%
113%
East 111
Chic &
33 ¥4
29'A Feb
Jan
Nov
l'A Jun
7¥8
Jan
73% Feb
Jan
5'A Jan
35% Jan
No par
Chesapeake & Ohio Ry
Feb
Feb
55% Mar
5
57
23'A Feb
22
152
100
prior preferred
Champion Pap & Fib Co
6% preferred
Checker Cab Mfg
Chesapeake Corp of Va
C.
*47 ¥4
114%
39%
39%
6%
14
15% Feb
5
2
32'A Jan 24
21
1
Chain Belt Co
13
Sep
19'
52
15'A
Dec
30®% July
May
x61'AJanl5
No par
-No par
Products
%
38%
38%
.
115%
48%
110%
*108%
*96
*114%
47
47
110%
59'%
114%
114%
97%
*96
56
*53%
114%
47
97%
*96
*90 %
Certain-teed
8,600
17'%
17'A
11
Jan
53% Feb
116% Jan
1st preferred
Century Ribbon Mills
Cerro de Pasco Copper
133,400
7%
53
25%
6%
26
24%
33%
7 Vs
*15
53%
7
7
152
33'A
49
49
15%
52%
17%
17'%
17%
*23%
34
111 ¥4
49
*15
52 %
7
34'A
113
*48
15%
*15
15%
53 %
*111'%
151 ¥»
23 ¥a
33%
23
33%
153%
23'A
147
147
23
33%
33%
34%
147
23
22 %
A—I
Feb
49% Jan
4
6
Dec
25
,74 Jan
14
115
8 /
10¥4 Jan 23 ¥
48'% Jan
2
par
—
3,190
23¥a
147%
8%
Jan
Feb
17 ¥8
96
;
53 ¥4 Feb
.
6
36
47% Jan 22
98,900
9
113% feb
47
24¥4 Feb
2
Jan 24
37 '/a Jan 25
105'A Jan
5
9,800
36
31
No par
"400
147%
6%
6
115-314'A
115
*11¥4
8%
26
*
11%
8%
17 'A
13
27'%
36%
6%
12¥a
11%
36%
48
5%
13
6%
116%
¥4
*27',4'
*11%
53
6
*115
13
'7,200
12
*11%
*15
6
116
13
13%,
27%
27%
12%
*113%
17'A
16%
*115
116
*114%
12%
28 %
*33%
5 ¥4
5%
5%
116
16%
12%
*28
23
16
5%
5%
5%
*114%
16%
16
16%
3
23
Celanese Corp of Amer
$4.75
19
Feb
-No par
No par
7% 2d preferred
100
Celotex Corp
:
!
No par
5% preferred
20
Central Aguirre Assoc
No par
Central
Foundry Co
1
Central 111 Lt 4'%% preferred—100
'tCent RR of New Jersey
100
Central Vloleta Sugar Co—
—
Caterpillar Tractor
600
21%
16%
16'%
43
Jan
Feb
557% Jan
9
100
6,300
106'/2
,
24®%
32
'3
Jan 20
2
1
25
Co
Preferred
6,700
51'/a
42%
*106'%
42
I)
Apr
7¥a Jan
20'/a Jan
50
Carriers & General Corp
(J
Jan
20
1
5
_5
10
Case
67'%
21
23"
•
80
28
26¥a Feb
Feb
-10
100
-.
6,500
101'% Feb
2
2
Ry
Co
preferred
6,700
137%
106'%
4'%%
40
39 ¥a
*163
class
Ohio
&
20% Mar
22
2
25
165
7
7'A
7%
40 ¥4
163'%
39%
163'%
106%
41%
106%
138
106 %
7
7
7
39%
164'%
*163
50%
.
40%
42%
42
164%
*163
51
50%
38%
39
38%
39%
163
6%
6%
6%
7
6%
39%
Clinch
22
Jan
l'AJan
No par
100
"*3% July.
2% Apr
12% Apr
Jan
53
5
No
Carpenter Steel
Carrier Corp
347%
28%
'
163
8% Jan
4'% Feb 23,
2
27% Jan
par
No par
Pacific Ry
Carolina
28 'A
28¥s
72 %
21
_1
Copper
Capital Administration
$3 preferred A
50
71
34'%
28%
72%
6
Feb
108
22'/2 Jan
50
:
Mills
Cannon
260
121%
No
,
-
Hecla Cons
&
Canadian
200
*34%
34
34'%
28%
15% Feb
6
21
92
100
—No par
•Campbell W & C Fdy
Canada Dry Ginger Ale
$4.25 preferred
Canada Southern Ry-Co
47,100
55%
*54
122'A
-,2,900
51'A
13'A
*50
„
54%
*121 ¥4
122
-
49
*48'/2
3% Jan
6
-
Zinc-Lead_
Calumet
117
*116
49
Zinc
Packing
preferred
5%
Callahan
41,300
34%
116'/2
48%
&
California
•
42,300
24
24 '
'34'A
Copper
Participating preferred
Byron Jackson Co
40
,
7%
23 7%
X774 /
.
•'
24
.34%
115
49.
*48
3,000
31%
-
1%
Feb
15
:
31%
2
14¥a Jan
108
—100
J
500
1,200
54%
1'%
;10
;
'
13,100
31%
2
Butte
25
55
1%
i
preferred.—
'
20
*2474
31¥a
2
4Vz'Jo
100
100
*54'%
l7/s
*114
5,500
19 3A
100
25%
Butler Bros
;
100
4
20 ®4
20%
101%
4,600
4'%
*107
4'%
4
2474
100
100'%
24 ¥4
100
108
31
*100
25%
*25
4
4
15'%
108'%
15¥a
1574
15 %
108
'
2
3
2
Jan 29
34 ¥4 Jan
8
108 ¥a Feb
19
40% Feb
14
25 ¥4
Apr
38
Sep
Jan
9
109®%
Feb
116
Dec
14 ¥4
Apr
115
Jan
23
29'A Feb
28
Jan
Jan
Jan
2
2
2
36% Jan
11
11 ¥4
Jan
11
12%
Jan
33
Jan
11
13
Jan
,
Dec
29'%
Jan
35%
26'A
Dec
30
Dec
27'A
Dec
*
"
Jan
22
38
Feb
23
26'A
Jan
35%
Dec *
33% Jan
25
37
Mar
1
25%
Jan
35%
Deo
«
THE
AND HIGH SALE PRICES
LOW
Monday
Feb. 26
Feb. 27
Feb. 24
S
f per share
share
24%
88%
*88
102
102
88
102
102%
103
8
24%
24%
24%
24%
102 3/4
24%
1023A
24%
*24
24
*47%
48
48
49%
1,200
200
42'A
423/4
42%
42%
42%
42%
*107%
117%
*107%
117%
*107%
117%
46%
17%
45%
45%
45
45%
443A
45%
443A
45
17%'
17%
17%
18%
18
183A
17%
•18
45%
17%
V
%
%
U
%
%
%
94%
95
95
1«
95%
11
94%
95%
96
96'
963A
96%
29%
29%
29%
29%
29%
29%
29%
29%
293/a
29%
25
25
25%
25
253/a
28%
28%
283A
28'A
283A
32%
32
32%
32%
:'
97
29%
33
it
25
24%
24%
24%
25
*24%
28
27%
28
28
28%
x
31%
31%
4%
4%
26%
4 %
26%
26%
4%
26%
108
108
108
3) %
*103%
104
104
104
4%
26%
28'A
*32
32
103%
104
26%
27
No
par
95 J/4 Jan
par
21$* Jan
Co
Pictures
,
51/4 Feb
2
19
4%
27%
A
3% Nov
76
Jan
97 %
15
70
Feb
93
Feb
9
1033/e Feb
27
84
Feb
98%
Dec
15
25% Feb
10
16'A
Apr
23
Dec
.
.
4%
108%
108 3/8
108%
108%
.3,600
5%
53/4
53A
5%
32 3A<
313/4
32'A
14
13%
14%
31
30 %
31
31%
32
31%
13%
13%
13%
13%
13%
133/4
14
40%
Apr
%
Feb
$4.75
11,500
.
6,700
{I Jan
Feb
19
24
97
Mar
2
,2
29% Mar
2
89
23
No par
253A Mar
2
26
Dec
2
8%
21%
Feb
29'A Jan
Jan
29'A
Dec
29 J/2 Jan
2
34'A Jan
18
201/2
Jan
31
Dec
95 y2
Jun
103
Dec
Jan
2
4
Jan
2
4>A Jan
3%
Feb
24% Jan
2
27'A Feb
7
21%
Feb
25%
5
108% Feb
27
102%
Jan
108%
Oct
17
6'A Feb
2
2 3/4
Jan
6'A
Jun
16
323/4 Feb
1
16%
Jan
4
14J/8 Feb
1
73/4
Jan
No par
106% Feb
1
5'A Jan
No par
5
Jan
11% Jan
Consol
28
104,
Jan
a,'
101
5
$2 par tic preferred
Laundries Corp_
..
'>24% Jan
12
par
Consol
29'A Nov
22
*■,,
$5 preferred
Film Industries
»>
iy8 July
Dec
95%
Jan
Jan
22
No par
No
79
Oct
50'A July
18 3/a Jun
27 J/4 Jan
No par
No par
preferred
2
Jan
28% Jan
-No par
Edison Co
Con sol Coppermme8 Corp
Consol Edison of N Y
'
30% ,31%
13%
14%
Dec
Jun
108
Feb
141/2
Cohgoleum-Nalrn Inc
3,300
49%
Jan
Feb
16
Dec
43%
Jan
37'/a
105
183/4 Feb
70
53A
5%
8
47J/8 Feb
Conde Nast Pub Inc
: 24,500
r
39'/e
17
1073/4 Feb
2
Consolidated Cigar
•
;
433A Feb
8
24
$6 preferred series
10,800
27 %
27
2
Jan
153/4 Jan
Commonwealth
;
1,700
'
; Jan
107
42 J/2 Jan
,
;
;
■
•
Jan 29
39
100
-
No par
No par
Commonwealth H Southern__No par
1,100
•
49
47% Jan 24
10
preferred
5% Mar
2
Feb
90
Comm'l Invest Trust
2,800
;
No par
Credit
oonv
*
Highest
$ per share
Mar
96
6
Commercial Solvents
7,200
12,300
1033/4
*103
4%
4%
27
•
•
74,100
:
108%
*5%
31
103%
103%
4%
27
.
*
; *
53/4
6
*13%
103 %
,
it
108%
108%
108
»'/8
5%
it
4%
4%
27
♦107%
5%
Jan
preferred
4% %
v
-
10,700
12,000
a
%
32%
84
—No
Carbon
Commercial
4,200
'
94%
*103%
$2.75
•
42%
117%
18
*32
Columbia
49
*47%
49%
*47%
42%
*107%
46%
4% Jan
90'% Jan
100
$ per share
'
42%
17%
29%
Columbian
$ per share,-,
$ per share
100
-
•Year 1944
Lowest
Highest
No par
preferred series A
preferred
5%
1,100
,
117%
46%
28
6%
20
42%
117
*24%
Columbia Gas & Elec
>
3,200
102%
233/4
Range Since January 1
Lowest
Per
73,300
,
96:
89
102%
Range for Previous
STOCK
EXCHANGE
Share»
5'A
~
*883A
89
*88%
y
95%
95%
95
89
103
*102
103%
94%
5
5%
5
51/a
94%
*88%
89
the Week
$ per share
share
.NEW YORK
Sales for
.
Mar. 2
*107%
42%
42%
49%
*47%
49%
*47%
*107'A
24%
24%
5
5%
94%
94%
94%
89
*88%
94
$ per
i per share
Monday, March 5, 1945
STOCKS
Friday
Mar. 1
Feb. 28
share
4%
5%
94%
94%
*
per
4%
5%
5
$ per
& FINANCIAL CHRONICLE
',v:
Thursday
Wednesday
Tuesday
Saturday
"COMMERCIAL
24
3
4% July
Oct
30'A Nov
131/2 July
1
36%
36
36%
36%
36%
36%
36%
36%
36%
36%
20%
21%
21%
22%
21%
22%
22%
22%
22%
23
26%
27%
27%
27%
27%
27%
27%
27%
27%
28
22%
23%
23%
24 v
22%
23
20
20%
20%
22%
22%
23%
52
52
52
22%
22%
23%
23%
20%
20%
51%
20
19%
*50%
*50%
114%
115
29
28%
28
42%
43
42%
42%
12%
*12%
50%
11%
10%
11%
35
35%
34%
35%
33
33
33%
29
114
51
11%
34%
*33
42%
9%
4,200
68,200
22
23
28
28%
Consol
5,500
1123/4
720
10
52,000
43
5,700
11%
11%
12%
11%
12%
Continental
35%
35%
35%
36
X34%
353/8
34
33%
33%
34
343/4
*34
35
20%
20%
20%
20%
20%
11,500
49
48%
48%
*48%
49%
130
15%
14%
15
50
50%
50%
20
20%
20%
20%
53%
54%
53%
53%
6%
6%
6%
6%
62%
190
6%
63%
191
6%
X20%
54
63
*190
6%
1,730
63%
3,500
Corn
63%
63%
*190
*6%
6%
4%
4%
4%
4%
30%
30%
30%
303/4
31
30%
*108%
108 3/8
108%
108%
108%
1083A
X107'A
108
273A
273/4
27%
27%
27%
27%
27%
27%
107%
27%
36
36%
36
36%
X36 'A
36%
37
37%
43
43%
41%
42%
42%
42%
43
443A
50%
50%
*50%
50%
*491/4
50%
503A
503/4
22'/a
22%
223A
223A
23
1043/4
104%
104%
104%
104%
1043A
1043A
44%
44%
42%
44%
433/4
44%
45
98%
98%
97 Y<
97%
98
98
98%
28%
29'A
29
29'A
17 %
28%
173/4
28%
17%
18
17%
18%
*145%
149'A
*145%
147%
273/4
273A
27%
*313A
32'A
*31%
*145% ''''•'-•eiim
*100
108'A
28'A
10%
32%
*106
28%
10%
103A
103A
129
130%
28
32'A
108
*27
*129
273A
32%
*106
*27
■
28
*28
10%
126%
1,29
108
283A
103/4
127
4%
4%
37%
2,300
Crosley Corp (The)
443/8
44%
43%
44%
3,500
503A
51
51
104%
45%
45%
16,000
98%
98%
99%
97%
99
29%
29%
29
29'A
18%
183A
18%
18%
*145%
149%
*105
283A
149%
28%
28 3/a
273A
323A
32%
32 3/4
108
*105
29
*29
10%
11
*127%
129
10%
128
6 3/8
6%
63A
6%
63/8
6%
20%
20%
20 3/a
20%
20%
20%
20 3A
20%
203/4
14
14
■
18%
42%
*23
18%
18
37%
/
*111
114
14%
183A
*111
114
36
36
*35%
44
38%
243A
47
*111
47%
18%
114 "■
♦111
433/4
44
38
38
43%
373/4
25%
25%
25%
47'
9%
48%
46%
9%
93/4
9%
93/4
9%
9%
223A
221/a
223/8
22%
22%
22 3/s
22%
22%
22%
09%
*66%
69%
*66%
69%
*66%
69%
*66'A
69%
103A
_
114
-
36
22%
93A
,
300
5,800
18%
18%
36%
*66%
9%
3,600
15
243A
453A
28 3A
24%
25%
46'A
*243A
122
*14
42%
25%
28
*23
*373/4
45%
*118
29
600
36
43%
«
12,000
25 %
;
400
■
473/4
103/a
8,700
93/4
22% !?:22%
56,900
9,300
*43%
44
37%
42%
20
42%
43
37%
42%
.
36%
37
42%
42%
193/4
20%
20%
43%
44
*1063A
110
44
443A
109%
*19
20%
*19
19%
*48%
49
•48%
49
20%
'
20%
25%
68
193/4
20%
25%
:
68%
25
*1123A
573A
45
44%
37
37
37
37
37
*36%
45 %
37%
•42
42%
42%
42%
423A
*413A
20
20%
*413/4
20%
X43%
20
203/8
*19%
20
48%
48%
49
49
48 7A
48%
*48 3/4
48%
201/4
20%
253/a
203/8
20%
20%
20%
20%
7,000
112%
57%
57%
14
573/4
*112%
57
58%
13%
13%
13%
243/e
*23%
24%
*23%
24 3/a
24'A
163%
1633/4
163%
163%
163%
164
127%
127%
127%
1153/4
*115%
14 'A
*126%
1273/4
1273/4
1273/4
.116
116
115%
115%
is
163/a
41%
21%
115%
14%
1883/4
800
26
16%
16%
16%
42%
43
21%
22
176% 178
117% 117%
178%
233/4
179%
189%
189 %
189 %
189% 189%
*1883A
189%
127%
116
*116
13%
,
1273/4
16%
50
16%
42%
22
22%
180
Xl78%
9,900
189%
X1871/2
4,600
2,700
179
188%
10%
%
113/4
IP/4
12%
12%
49%
49%
493/4
50
49%
14%
14%
15%
14%
15
15
1,100
50%
15%
543A
55
56
56
56'A
3,000
26
26
26
263/4
1,500
14,400
3,200
6
43A
4%
118
118
1191/4
117%
1183A
110%
111,
111
6
6'A
1,600
5%
55,000
1183A
4,300
111%
111 '/a
111%
493/4
49%
111%
49
49
49%
49%
49%
49 %
37 J/4
*36
371/2
*50%
50%
37
37
37
371/a
37%
37%
*36
27%
26
66
19%
263/4
65%
107
193/4
65'%
107
19%
26%
65'A
•107
26%
27
65'A
65
1081/2
*107
27 3/a
65
108%
26%
106
27%
65
65
106
107
31
9'/8 Jan
126'A Feb
27
591/4 Jan
16
1
5% Jan
22
18'A Jan
2
121
Jan
101
135
Jan
5% Aug
..
29
97
Apr
62 3/4 Mar
2
41
Apr
6 J/2 Jan
3
43A
Jun
Mar
1
143/4
Jun
21
Jan
Dec
IO91/2 Nov
29
113A Jan 25
10
No par
No par
—
-
29
Feb
23
1231/2 Feb
21
26'A Jan
22
29'A Feb
20
1143/4 May
21%
Apr
"ll% "Aug
140
61%
July
Dec
73/4 Nov
19%
127
28%
Nov
Nov
Dec
16%
Oct
16
109%
Dec
113%
Apr
363/4 Feb
19
21%
Jan
41 'A
Oct
Jun
110
33
0
Jan
9
Oct
40% Jan
22
44
Feb
28
361%
Apr
45%
35% Jan
24
38
Feb
15
32%
Apr
36%
Oct
—.
-10
22% Feb
1
26 'A Feb
19
17% Jan
22a/4
July
—.
Deisel-Wemmer-G liber t
Delaware & Hudson
Delaware Lack &
.100
341/4 Jan
19
48% Feb
19
17%
373/a
Dec
Western
..
Corp-Seagr's Ltd
preferred
-50
83/8 Jan
24
10% Jan
Jan
21'A
52
Feb
65
23
46'A Feb
28
291/4
Jan
41%
Oct
Jan
6
38% Jan
3
28%
Jun
35%
Dec
40'A Jan
4
43% Jan 31
16% Jan
2
45
Feb
22
25
1063/4 Feb
20
par
18
Jan
3
213/4 Jan
par
47'A Jan
3
49
Jan
2
26J/2 Feb
23
Tin
—5
18
33%
x273A
9
Jan
Jan
A
38% Mar
20% Feb 20
38
Doehler-Jarvls Corp
9% Mar
18%
4
105
No
Jan
7
Jan
.100
,
—
5%
9
Jan
23'A Feb
No par
,
plxle Cup Co
Class
13% Nov
23%
„20
Preferred
No par
$4 preferred series A
Dresser Industries
Dunhlll
International.
Duplan Corp
Jan
Feb
Dec
Oct
42
Sep
17% July
38%
Dec
95
Apr
8
15 'A
Jan
203A
Sep
Feb
1
433/4
Jan
49
Nov
23% Jan
5
$4.50
12% Jan 12
3.
Jan
5
2
164J/2 Feb
19
1253/8 Jan
9
129
Feb
1
Duquesne Light B%
100
1133/4 Jan
6
116
Feb
23
16% Feb
1st pfd
Eagle-Picher Lead Co—
-10
20% Jan
155
4
25
Jan
Jan
No par
(E I) & Co„ -20
preferred
26
*64
*106%
26%
Eastern Airlines Inc
,
105
Dec
6%
cum
Eaton Manufacturing Co
Edison Bros Stores Inc
Elastic Stop Nut Co
Auto-Lite
Electric
July
&
Elec
Mus Ind
Am
6,800
66
600
60
Paso
—
Emerson1 Electric Mfg Co_
Endicott Johnson Corp
4%
preferred
105
150
$5 preferred
105%
1033/4
650
$5% preferred
105%
105 7A
*1043/4
105%
105%
106
-
106
2%
22,000
.
80
Engineers
$6
Public
13%
14
11,100
13%
tEquitable
141/s
14%
14%
14%
14%
*743/8
74%
74%
35,700
Erie
74%
14%
743A
75
75
75%
743A
743/4
1,700
RR
Office
No
common
5% pref series A
;
Dec
1203/4
Jan
14% July
41
253A
157
Feb
178
Feb
175
Jan
195
22
56J/4 Mar
41
Jan
15
263A Mar
16% May
1
121/2 Mar
Jan
190
8%
9J/2 Feb
—3
42% Jan
20
51'A Feb
19
14
Jan
20
15% Mar
2
2
63/a Feb
13
5% Mar
2
109
Jan
119% Feb
6
103
Jan
1113/4 Feb
3
3"% Jan
44% Jan
50% Feb 16
34% Jan
37% Feb 24
64j/2 Feb
16
104% Jan
3
Dec
Sep
52 f.
Dec
24%
Dec
15%
Sep
37% Jan
45% Aug
10
153/4
Apr
3%
Jan
3% Nov
6'A
Dec
Oct
51/2 July
81'A
Apr
114
Dec
78
Apr
103%
Dec
39% Apr
273A Peb
47% July
34% Nov
15
Sep
57% Jan
223A
Dec
20
68%
Dec
Feb
26
101% Jan
108 y2
Jun
107
19% Mar
Jan
Dec
Dec
Dec
70J/2 Jan
291/a Jan
22 J/2 Jan
.100
16
Apr
6% Jan
182% Jan
213/4 Jan
—1
—No
No
No
Bidg—No
Dec
113
10% Feb
49
4
1281/2
33
-50
—.
Service
preferred
13%
-
Jun
3
6
—3
Jun
123%
27
Jan
—
Natural Gas
Dec
I621/2
20
185
shares
Nov
20 'A
Feb
Jan
.100
-
14%
11% Feb
137
Feb
22
El
1,200
•
$7 preferred
$6 preferred
Dec
43
Jan
Electric Power & Light
19%
2
—.
Apr
58 3/4
23
5% Jan
(The)
8'A
72% Nov
22
1
.
Boat
28% Jan
273A
22
—3
Electric
May
Jan
2
—.
47
18% Jan 26
4
preferred
21% May
39 J/4 Jan
13
174
No par
—No par
No par
Electric Storage BatteryNo par
107
193/4
1
—
Eastern Stainless Steel Corp
—5
Eastman Kodak Co
No par
103%
*1053/4
2%
1
72
No par
—
Du P de Nemours
*103%
Jan
112 '/a Feb
19%
1003.
19
28
Jan 10
103'A
103%
page
1081/2 Jan
1061/2 Jan
Jun
19%
see
4
100
Dec
6'A Jan
103%
footnotes
30%
144
131/8
IO31/2
For
Jan
Jan
19% Mar
104%
74%
29% Mar
22%
112
8
105
74%
Jan
2
16
19%
2
22 3A
323/4 Mar
28
104%
2%
2
2
23,
Feb
*103%
2
29'A Feb
Jan
19% Feb
19%
2
23
2
30
14'A Feb
104%
2
1451/2 Jan
25% Jan
_5
24
IO31/2
2 J/4
145 % Jan
30
2
19%
2
Dec
12
104
♦105 J/4
Dec
19%
12
103%
2%
29%
Feb
16 3/s Jan
193/4
14
Jan
113/4
12J/S Jan
103 J/2
106
20%
8
23J/2 Jan
104%
2%
8
193/4 Jan
._25
103 %
13%
30% Jan
5
Dec
.„B
103
193A
22
17'A Feb
Chemical
104
,104
26 J/2 Jan
10
_1
103 %
♦103
Dec
100
800
39
107%
89%
600
111%
49
37%
,
17,500
118
4%
116
•48%
26%
Jan
Corp (The)_. —l
.100
Dayton Pow & Lt 4% ft pfd
Decca Records InC———. —1
Deere & Co
No par
130
1
12%
49%
14%
*106
69
'
49
>64%
1
Davega Stores Corp
,5% preferred—.—
400
,
116%
14%
w
99J% Mar
30
13%
49%
109
2
14% Jan
14
14%
109
87 J/2 Jan
Jan
10%
109
100
Aug
48 J/2
109
37% Nov
105
113
15%
...
Jan
Jan
42%
6
Jan
1063A
25%
6
97%
28
3
543A
4%
1
1
17
25
*5%
Dec
105
103
62 3A Jan
25
6
Aug
Aug
22%
114'A Jan
4,600
4,800
543A
4%
49 SA
Feb
2
49%
43/a
Jan
15%
23
14%
*5%
45
1
541/4 Jan
49%
4%
2
Mar
110J% Jan
54%
6
Feb
Mar
24
—1
*24%
115 >/4
273/4
51
6
Feb
A
Davison
100
.
11
4%
1
18
22
No par
58
24%
6
44% Mar
Jan
1123/4
54J/2
115%
Jan
47
573/8
24%
43/4
39
37
203% Jan
*1123/8
53%
6%
Dec
58%
11
116%
32
1123/4-
25
4%
Jan
131
55
*6
163/4
Apr
10%
116
Oct
25j% July
1143/4
54%
11
.6
Jan
2
24%
10%
38% Feb
Jun
111
20
1351/2 Mar
;
■
1
2
!
/
6
4
42%
22%
*188 3/4
Jan
28'/a Mar
311/4 Jan 22
•
110
27
16%
179%
2
2
66'A Feb
16%
22%
Jan
Mar
Jan
24
Aug
22'A Jan
42%
•
104'A
107
5
273A
122% Jan
100
43
Feb
1% Jan
No par
3,700
16%
183A
No par
24%
21%
15
Dow Chemical Co
163%
423A
1
31% Feb
Douglas Aircraft
163%
127
16%
4% Feb
5
Dome Mines Ltd
*233/4
21%
2
8,400
24%
42%
3% Jan
3,200
1639A
16
Jan
20,524
13%
116
5
1843A July
7% July
69%
163%
116
19
July
135%
69
*233/4
>127
71/4 Jan
133/4 July
52
1333/4
693A
135
14%
40%
*21
21%
;
24%
178
'178
*
*127
14%
Apr
Apr
25 % Jan
Cushman's Sons Inc 7% pfd——100
Cutler-Hammer Inc
No par
60
20
1123/4
57
52'A
173%
B%
20
1123/4
1
Distil
.
Jan
Mar
27
Diamond T Motor Car Co—. —2
19%
25%
Oct
6
103A
47
Feb
100
20
26'A
Dec
613/a
63'A Mar
191
5,100
19%
25%
57
2,700
20%
19%
68 3A
Jan
600
43%
1343/4
44%
35
106'A
26%
68J/a
69%
133% 134%
*112% 1123/4
17
Diamond Match—
——No par
6% partle preferred......... -29
800
43%
68%
58% Jan
Jan
106%
25%
26
533/8 Feb
-
36
44
133%
25'A July
No par
110
25%
Jan
Devoe & Raynolds A
433/8
661/2
15%
68
*106%
1323/4
5
12
51
2
44
*19
Feb
15% Feb 21
31
1,480
Dec
22% Jan
2
par
Dec
19% July
48
2
Jan
.
12% Aug
Feb
38%
2
Jan
110
163% 163%
:
193/4
■
Jan
16
21
*106%
44%
110
*23%
; 41
20%
/
5
67
,-W--''1
42%
433A
67%
56%
/
45
133
*1123/8
113
573/4
':r
46%
*106
25%
67
132%
132% 133
45
*36%
*106
:,
46
43
1
50
-20
Detroit Edison
Detroit Hillsdale & S W RR Co_. .100
'
69%
*66%
20% Mar
5
453/4 Mar
Curtiss-Wrlght
600
38
2
Feb.
2
preferred
Class
Jan
5
Inc
Prior preferred
6,300
15
37%
45
122
26,800
?,
21
203A
21
24%,.
42%
25%
T- 63/a
*23
37%
26
6%
*14
42%
46
6'/a
31%
Jan
Sugar
$7 preferred-:
130
Apr
Jan
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The)
No par
1,800
623A
14%
36%
45%
12,700
130
62%
24%
183/4
36%
*24%
11%
*128'A
62%
24%
353/8 Jan
preferred
4J/2%
500
1
No par
Cudahy Packing Co
Press
3434 Mar
Dec
100
Cuban-American
Cuneo
2
2
No par
preferred
Cuba RR 6% preferred
-
293/4
103A
11%
129
600
108
*29
X283A
38%
*37%
*118 1
293A
28%
43
42%
43
37%
15
24%
18%
123
36%
*36
36%
36%
*133/4
*23
18%
18%
♦111
: 114
113
*111
283A
14
*23
183A
*119
24%
>, 14
24%
*23
28%
62
*105
108
2,300
Jan
4
9
5%
7%
28
*32 3/a
33'A
58 J/4 Jan
No par
No
Crucible Steel of Amer
149%
*145%
6%
123
*145%
440
8,500
323/4
6%
28%
1
18
283A
61/8
*119
28 3/4
18 3/a
28 3/a.
*
1,800
Sep
13% Mar
491/2
19% Mar
„No par
Crown
280
44%
613A
28%
5,500
•
104%
613/8
123
23%
45 3A
104%
61%
28%
23%
24
(The)
$2.25 preferred
Zelierbach Corp
$5 conv preferred
500
26%
X182 J/2 Jan
100
2
Crown Cork & Seal
503A
.
363/4
104%
28
preferred
373/a
45
*313A
conv
Cream of Wheat Corp
603A
*119
5%
Dec
1
1
Co„
510
107
91/4
Mar
36
May
25
Coty Internat Corp
Crane
1,100
108%
Jan
10
49% Jan
1
2,100
31
Jun
51/8
25
Inc
9,700
4%
3b3/4
Coty
41%
100
28%
60%
28%
4%
4%
31
3,900
63/4
63/4
Refining
-
108%
60%
123
6%
Products
Preferred
40
192
*28'A
60%
28%
*190
28%
371/2
60%
*119
63%
63%
192
Dec
Mar
12 J/2 Jan
50
1
20
10
1
47 J/2
54%
29 3/8
112% Aug
431/4 Jun
2
16
54
Oct
14
29 J/2 Jan
543/a
Feb
14
24
53%
73A
Nov
Feb
30% Jan
54%
20
105% May
32% Feb
112
Feb
12'/a Mar
4,500
4%
104%
Steel Co
pref 5% series
Copperweld
9
2
17
Jan
13
2
No par
5
102%
43
8 3A Jan
203/8
192
Dec
52 'A Mar
3
No par
prior preferred
Conv
Feb
2
19%
30%
21%
Cooper-Bessemer Corp
590
Mar
2
20%
4%
22'A
Continental Steel Corp
$3
114
Jan
Del__
of
10
10
Jan
20%
30%
22
Oil
5
Jan
11
20%
4%
22
Continental
30'A Jan
8% Jan
111
37% Jan
Cornell-Dubilier Electric Corp
Corn Exch Bank Trust Co
30%
,
6,300
23
23
46
Motors
35%
72,400
9,700
15
Jan
27
Feb
115
No par
11%
12
50
24
n
5
Insurance
600
108'A Jan
533/8 Jan
5
Continental
15%
63 %
Dec
Continental Diamond Fibre
3,600
50%
190
Dec
53%
23 »/2 Mar
1
2,500
52%
X15
63
24
Jan
31
20
12%
52
X50
♦189
24
Jun
20
Jan
$2.50
12%
15
63
Aug
14%
Inc
Can
Continental
42%
123/8
-
50
190
63
*188%
12
45
25'% Jan
22
18 % Jan
50
100
43
54
53%
203A Jan
No par
513/4
20%
*20%
Dec
100
Baking Co
51%
49%
49%
Dec
25%
preferred
Xl2%
19
14%
20'A
Jan
$4.50
12%
*48
50%
Jan
*
51%
18%
14%
Oct
11%
I81/2
50
12%
48%
50%
323/4
Mar
2
25
51%
18%
15
8%
Jan
28% Mar
pfd
12%
18%
50
6%
51%
48
14%
Continental
24
23
pfd—No par
Container Corp of America
20
900
18%
50
*48
1,700
293/a
114
9%
Pow
Mar
17'A Jan 24
preferred
Consumers
37
253/4 Jan
1
Consolidation Coal Co
100
*112
of
Cuba
3,600
53%
$2.50
3
31'A Jan
No par
223/4
28%
9%
13
Aircraft
1123/4
113%
RR
Gas
pfd
conv
223/4
48
48%
14%
$1.25
21%
19
*18%
Natural
Consolidated Vultee
2,200
22%
Consolidated
*523/4
29%
9%
113
42%
'
113%
*113
28%
8%
113%
12
11
33%
28%
112%
9
50%
41%
28%
112%
114
12%
50%
114
*51
8%
50%
42%
42%
•12
51%
♦113%
9%
114
♦113%
114
*113%
112%
29
8%
9%
9
*50%
114%
*113%
*28%
51%
37
36%
18
1
83A Jan
17%
Dec
1033/4 Jan
29
87
Jan
104
Dec
Jan
23
89
Jan
105
Nov
1063/4 Jan
11
92% Jan
107
2% Jan
20
3/a
Apr
Jan
11
9%
Jan
14
Dec
751/2 Mar
1
46%
Jan
70
Dec
par
100 J/2 Jan
par
102
Jan
105
par
104
Feb
par
1% Jan
par
100
12 J/2 Jan
22
68j/2 Jan
19
15
13A
Dec
Dec
Volume
RECORD
NEW YORK STOCK
LOW
HIGH
AND
Saturday
Monday
Feb. 26
<=88
92
143/4
14%
18
18
49%
*7%
7%
48%
48%
*30%
30%
-
14%
50
V
*87%
•87%
92
92
15%
15%
15
15%
18%
18%
19
4,400
Evans
493A
48%
49%
4,500
Ex-Cell-O
73%
7%
x73/8
7%
7%
73/8
1,700
Exchange Buffet Corp
49%
493A
& Co
31%
15 '/a
15%
48%
48%
48%
49%
50
30
29%,
30
30
31%
15%
14%
15%
15%
153/8
,r
49%
493/8
'105%
37
27%
27%:
11%
11%
11%
30
30%
30%
27%
*27
•/
11%;
26%
27
37%
•
27
27%
'X27 %
11%
11%/
271/a
303A
31
105
-
-
-•■-
31
105%
-
37
;
•
40
f
3,900
27%
30%
$6
•
Federal-Mogul
3,200
5,400 '
„
105 % 1
Federated
27%
27%
55
55
58%
112
t
28
"105
160
-
4%%
•
59%
110%
45%
45%
45%
45%
28
•105
107%
44%
45
28 A
X44 %
•105
45
100
1
$2.50
52
Feb
21
21%
Jan
47%
Dec
Jan
2
7% Feb
23
2Ts
Jan
6%
Dec
No
Stores
50
Feb
16
31% Jan
18
16% Feb
2
22
x38
14%
Jan
V17%
100
8
105
Jan
Apr
27%
Nov
17
Apr
24
Dec
5
Jan
28% Feb
19
Feb
19
1
22% Jan
Jan
10% Aug
32
31%
32%
7%
7%
51
51
18
*17%
34
*7%
17%
•
71%
17%
73
33%
34%
34
Jan
17
Jan
27%
Aug
17
45
Jan
53%
Nov
57% Feb
Jan
2
Jan
24
59% Feb
28
110% Feb
28
103%
Apr
109
Dec
Jun
45% Feb
19
35%
Jan
44
Aug
29% Feb
Jun
42% Jan
par
-2
.
38% Feb
57'A
14
18% May
26%
110
Feb
15
104'A Jan
46
Feb
21
23% Jan 16
109
f 41
Jan 19
Jan
4
•17%
17%
72%
26%
*26
26%
Food Fair Stores Inc
1,500
343/8
33%
343/4
*26
111%
Dec
34%
Jan
42%
16
16
*125
130
125
36%
36
49
16
16
120
122
36%
36
47
49%
118
16
125
*15%
118
36
36%
36
36%
36%
36%
46%
47%
47%
47%
118%
118 3/4
119
30
363/4
2,900
47%
3,700
1183/4
690
47
48
118%
118%
Francisco Sugar Co
3,400
125
*120
363/4
117%
46
118
16%
16%
125
*120
125
117%
47%
118
16%
16%
16%
*117
4%%
Dec
9
8%
9%
9
9%
9
9%
8%
8%'
17,200
Gabriel Co
6%
6 3/8
6%
6%
6%
63A
6%
6%
6%
6%
21,600
Galr Co
17%
17%
17%
17%
17%
173/a
173/4
175/a
173/4
2,200
17%
*17%
17%
17
17%
*17%
17%
16%
16%
500
Gamewell
900
Gardner-Denver
17%
17%
18
17
17%
19%
*17
19%
19%
8%
27%
13%
53%
24%
Dec
33%
8%
83/,
fi%
23.100
28%
28%
X28
28%
2,500
60%
*60
60%
40
*60%
9%
93%
9'a
21
166
21%
x21 %
213/4
213A
7%
7%
73/a
7%
73/a
22
29%
213/4
1213/4
1203/4
*28 3/4
29
162%
162%
413/4
40%
415/8
41%
413/4
41
3%
3%
161
*163
3%
42%
42%
42%
123%
123%
*131
57%
*56%
*55%
*131
132%
66 %
*127%
57%
57%
*129^
129
12%
11%
11%
11%
11%
11%
113/4
13
25%
253/4
26
26%
27%
273/8
28
28
11
11%
11%
11%
11%
11%
11%
*107
109
*107
109
*107
11%
11
2%
23/4
2%
23/4
34%
*343/4
353/4
43/4
4 S/8
23%
30
29%
108
*106%
„
/*'■
24%
30
111
-31
28
23/4
2,600
126%
126%
126%
43/4
4%
24%
28
23%
4%
A
,.
4%
106%
313A
31%
110%
110%
31%
3,800
.
31%
153/8
23%
15%
15%
153/8
15 3%
153/8
15 5/8
15%
15%
92'A
92
92
923/a
92%
923A
92 3/4
92%
23%
23%
23%
24
24%
25
243A
101%
101
103%
*101
*100
,
28
543A
/
'
27%
54%
54%
4%
4%
*
53 %
275/8
27%
27%
27%
*54
543A
-
102 Va
•; 102%
V/27%
102%
-100%
28
28
100%
100%
28
28%
*54
54%
54
54%
54%
2 4 3A
"
162
*158
28%
28%
160
159
28%
28%
29
43/a
*157 ::
: /
61
60 3a
59%
60%
105
*104%
105'/2
105
543%
56
56%
56%
57
1113/4
112
111%
59
106
55%
28%
r
4%
43/a
43%
158
28%
•157
29
'
5,700
500
54%
6,000 >
287/a
y
56
105
*111%
1113/4
*14%
.15%
15
7%
7%
58%
7
*14%
15
7
7%
112
•105
57 A
57%
111%
111%
111%
15
15
/56%
112
15%
15
7%"
73/a
7%
60
603A
107
*105
57%
111%
15%
60%
105
73/8
•
•
15
7
7%.;
603A
1,900
112
5%
5%
5%
53%
53%
53%
5%
53/a
53/a
5%
5%
22%
22%
22%
22%
*22%
233/a
*22%
23%
223A
22%
153/4
15%
153/4
15%
16%
16%
16%
16%
17
16%
16%
42%
43%
42%
42%
42%
43
43
42 3A
42%
24%
*233/4
241/2
*233/4
*233/4
3,400
53/a
21%
15%
Motors
Granby Consol M S & P
Graham-Paige
54,800
243/8
'
*42%
43%
*24
24%
*24
»,
43
243%
*233/4
24%
12,200
-
Grant
1,700
15%
15%
15%
15% •16%
16%
17
17
17%
165/a
17%
50%
49
s/8
50%
495/8
50%
50%
51
51
52'A
505/8
51%
19,300
29
28%
28%
2 8 5/e
28%
28%
29%
283/4
29> A.
28 5/8
28%
8,100
163%
*162%
163%
163%
1633A
163%
163%
163%
163 %
*162%
1633A
69%
*663/4
69%
*663A
69%
*66 3,4
69'A
*663/4
69 %
*66 3/4
Great
38,100
50
69%
15%
*163
*66%
55%
55%
543/4
54%
55%
25%
253%
25%
25'A
25%
•105%
106%
*1053%
32 >
106%
*1053/4
*6%
63A
32%
32
63/4
*6%
177
180%
*178
••
56
55%
56%
25%
25%
2534
107
*105%
107
55%
25%
33
6%
*177
178
'
16%
16%
16%
15%
63%
63%
62%
62%
53%
54
53
16%
53%
*62
34%
63%
34%
33%
63/4
179
180
17
16%
16%
63A
7
180
180
333/4
"*
•; 7
|79
West RR
Co Inc
12,800 '
II,100
Grumman
6%
6,500
•178
63
63
633A
633A
64%
54%
54%
55
55%
55%
4%%
50
180
173/4
64
64%
2,300
55%
/■
55%
16,100
Aircraft Corp
Guantanamo Sugar
A
8%
preferred
Gulf Mobile & Ohio RR
20,600
16%
preferred
'
$5
preferred
Gulf Oil
Citrr
Jan
Feb
13
Feb
19
Jan
103
No
No
No
No
No
Jan
2%
Jan
12%
Jan
18% Jan
12
16%
Dec
18 %
19% Feb
Jan
6
Feb 23
Jan
9
19
15%
Sep
18%
Jun
Feb
28
62%
Oct
66
Nov
4%
70
8% Mar
2
28% Feb
61
20
Jan 19
109% Jan
55% Mar
2
!'
10'A Mar
Jan
81%
Jan
29% Feb
25V4
Apr
140
1
35
40
Nov
2% Feb
2
4
Jan
26
Jan
4
143
Jan
25
115
124% Feb
13
102
Jan
Jan
2
132% Jan
5
128
155
Dec.
40%
Dec
43% July
i
/
3% Aug
:
Mar
Jan
Dec
29% July
Sep
6
Dec
124
Feb
28
43% Mar
42V2 Feb
7% July
22 %
Feb
162% Feb
140
Sep
120
Dec
134%
Nov
66
i
July
22
68% Mar
1
51%
Feb
Jan
6
129% Jan
27
125%
Jan
130%
Oct
11
60
Feb 28
36%
Jan
56'A
Nov
13
Feb
47/8
Jan
13% July
28
18%
Jan
3
Jan
24
Feb
10
3"%
Jan
3
19
Feb
14
2% Feb
1%
28%
123
1
11% Feb
7
20
108
11% Aug
Jan
2% July
5% Feb
31%
Apr
3% Nov
14
Jan
24
25% Feb
16
19%
22
24% Feb
27
14%
Jan
Jan
4%
•
74% Sep
Oct
25% July
Apr
Jan
Dec
Nov
124
112
26
Nov
107%
Oct
1% Apr
19% Apr
1
36% Mar
127
Jan
106
Jun
23%
Apr
6%
28% Mar
6
*
Nov
19%
,110% Dec
22
109% Jan
3
Jan
5
28'/8 Mar
1
22%
Jan
*'/
Jan
22
31% Mar
1
19
Jan
:
Jan
221
110% Feb
16
32% Feb
8
19%
Feb"
Feb
1
99
Feb
95
Jan
6
Jan
23
25
Feb
28
100% Feb
25% Jan
21
52%
3%
156
25 Va
53%
102/4
Dec
'
Jan
Feb
106%
Nov
19%
Jan
Jan 24
Jan 3
Jan
Jan
Jan
Feb
Jan
Jan
51% Jan
Dec
Dec
2~6~% "Dec
105% Aug
7% Jan
16%
Dec
69
Jan
90%
Dec
11%
15
Jan
22%
Dec
Jan
104 %
X83
Dec
105% Jan
10
28% Feb
19
18% Jan
25%
Dec
4
55
Feb
19
45
52
Aug
2
•4% Feb
19
4
165% Jan
12
Apr
2%
<1
30
Feb
10
61
Feb
28
9
105
Feb
26
2
x57% Feb
4/8 May
Jan
Dec
175
85% Jan
15
40
98
5~4~% "Jun
"Feb
Jan
Nov
104JA
15
36%
Feb
51%
Dec
Jan
4
104%
Jan
112%
Jun
16% Jan
11
8% Jan
Vl% Jan
17%
•
110% Jan 23.
14% Jan 22
5% Jan 2
4% Jan 2
18% Jan 3
14% Jan 23
36% Jan 22
24
Jan 214% Jan 2
46% Jan 24
28% Jan 2
Jan
17% Jan
27
31%
2
162
100
1
64
Jan 20
52% Jan 25
22% Jan 2
104% Jan 12
28% Jan 24
5% Jan 2
167
Jan 26
14% Jan 22
58
Jan 23
49% Jan 6
28
161
Jan
24% Feb
Oct
9% July
Feb
123% Feb
Nov
54%
Apr
Jan 22
Dec
109
Jun
7% Jan
4%
15
92
21
—100
Dec
6%
par
par
par
par
par
No par
No par
16 %
11%
109
No par
Dec
Feb
7% Feb
22% Mar
2
No par
100
1
Dec
58V2
143
Feb
2
5
77/s
23'A
Jan
41%
j..
Jan
.-No par
1
Jan
105
15
Jan 31
2
21
19
101%
26%
27'A
Dec
10%
14% Feb
3
Dec
13% Feb
5
172
5% July
17%
51
2
20
Jan
Jan
1
July
2%
20
26
50
7
27
20
105
100
10
Sep
Feb
7
Jan
-
Dec
44%
116
Apr
9% Feb
2
Jan
Sep
Dec
36% July
18% Feb
2
Jan
100
L)
33%
108
*
53%
(H
29'A
50
5
par
6% pfd—No par
No par
Preferred
Green Bay &
Jan
100
Ore Prop—-No
6 3A
•
17%
17
Iron
Nor
Green
2,600
255/81
100
Western Sugar
32%
*106
34%
No par
20
Greyhound Corp (The)
25%
25%
"
325%
Co
(W T)
Great Northern Ry
Great
100
555/8 / 555/8
*
55%
108
*106
'
100
10c
preferred
5%
28%
Steel
Granite City
30%
2
No par
No par
10
Grand Union Co
1,700
'
11
119
Jan
Goodyear Tire & Rubb
.No par
$5 convertible preferred—No par
Gotham Hosiery.—
1,100
/■";
7%
21%
'
Jan
135
Jan
Jan 27
22%
No par
No par
$5 preferred
8,300 /
57%
(B F)
Goodrich Co
5,400 :
200
106
70
37
106'A
1
No par
10c
No par
Goodall-Sanford Inc
4,700
29%
.15
/
40
160
preferred
Glldden Co (The)
4%% conv preferred
jGoebel Brewing Co
Gold & Stock Telegraph Co
$6
4,700
28 %
preferred
conv
31
16
preferred
Tire & Rubber Co
preferred
Gimbel Brothers
•
700 >
101%
4%:
"
43/a
160
$5
Jan
5
Jan
—1
Gillette Safety Razor
500
V
'
58%
58%
*104%
158
160
28
28%
43/a
43%
43%
*156
92%
25
■
4%%
12,200 ;
15% :.i5%
92%
233/4
*
4%%
General
150
107 T 107
108
93
15%
*92
1,500
•
Jan
10
preferred—No par
Corp—i
20
Instrument Corp—No par
Gen Time
135
Jan 24
53
Telephone
General
Dec
17%
62
par
Gen Steel Cast $6
20
31%
313/4.
in
313/4
•
25%
Jan
No par
preferred
& Utilities new
General Refractories
I,000 *
28% '
Jan
13%
Jan
General Shoe Corp
920
107
28%
*107
,
20
8
127%
Gen Realty
6,900
6,800
23%
28%
*110
4%
253/g
23%
107%'
31%
107
>
243/8
24
preferred
Railway Signal
6%
•
17,300
19
18% Jan
10
No par
Equip Corp—No par
Gen Public Service
Gen
50
129
*125
28%
31%
111
31%
107
..
.
106%
r
31
*110
'
'25%
24 %:
107
303/4
107
4'
3,600
363/4
28
313/4
31%
107
25/8
;• 36%
23%
111
*110
31%
1073/4
2 5/8
363/4
—
$4.50 series A
110
*107
25/b
36%
107
-
•
30%
*30
-
General Printing Ink
23/4
!24
1071%
*27%
*106
31%
31%
■
,23%
106%
27%
;
*110
111
*110
22'/<
-.
27%
27%
29%
•F
106
107
Gen Precision
1,900 y
36%
43/4
43/4
24%
106%
21%
*19%' .20
i 106%
27%
•
9,100
11%
126%
126%
45/8
24%
283A
Common
Dec
26% Feb
No
Outdoor Ady A
12,900
11 /'"
.
110
*107
Gen
12%
2%
'
J
233/8
43A
24%
4%
24%;
♦125
125
125
128
*125
35
1,400 V:
Motors Corp
preferred
$5
59;
353/4
25%
343/4
110
*107
109
2%
34%
•
300
59
:
28 3,4
11
General
27,500
-
28%
12%
11%
.
67 3/a
1293/4
12
60
*56
60
25%
•i
67
;v
preferred
5%
Jan 24
Jan
4
Jan 22
100
No par
General Mills
500 y
.Dec
29
3%
134%
113
130
A
No par
preferred series A-No par
$6 conv
110
133%
*132
*129
68%
130
58
57%
90
"
,—No par
Gen Gas & Electric
11,800
121
121
133%
67%
68
673A
129
140
123 %
123%
*132
131
131
673A
129
*128%
123%
123%
4
140
37%
3%
140
140
140
*138
1321%
67
67
128%
3%
4
33/4
3%
No par
Foods Corp..
General
69
Jan
19
100
General Electric Co
8,200
Nov
Jan
16
114% Jan 22
28
Jan 24
156% Jan 4
37% Jan 24
40
Feb l
No par
.
16
53%
16
17% Jan 22
6% Jan 22
100
preferred
preferred
7%
44,500
42%
A
cum
11% May
28
8% Jan
160% Jan
No par
No par
General Cigar Inc
30
42%
123%
67%
7%
1,100
'
43%
*121%
128%
29
168
*164
42
140
132
530
28%
29
166
Class
3,100
42%
140
67
123
42%
142%
128
28"%
23%
123%
22%
23
43%
123%
132
General Cable Corp
42
*140
Corp
General Bronze
23
Feb
49
No par
P
preferred
$8
7,300
4,800
Mar
Feb
106
5
7%
7%
42
145
123%
No par
No par
5
Baking
225/8
22
41%
41%
3%
Transportation
Amer
General
130
170%
170%
75/8
41%
41%
4PA
33/4
25,600
22%
123%
*163
165
*163
165
123
29
283/4
28%
-
225/B
123%
122
123
28 5/8
10%
preferred
"
91
22%
22%
1213/4
Gen
93/4
175
*170
172
166%
21%
73%
*21%
23
120%
$6
6,300
58%
Feb
23
Jan
2
58
Jan
2
12'A Jan 22
'
169
*165%
400
55%
10%
93/8
21'A
7%
14%
108%
543/4
43% Aug
36
7% Jan
1
9
___50
Gen Amer Investors
9,800
14
54%
5% May
3
73
66% Feb 16
20
Gaylord Container Corp
5%% conv preferred
108
14%
xo3
93/8
8%
108
108
108
*106
9%
166
*140
13%
14
13%
13%
108
*106
60%
60%
93%
7%
41%
8%
283A
54%
2P/8
161
8%
Co
2
Jan
18
6%
4%
16
16%
16%
Ao par
No par
(The)
Co
Dec
8% July
Mar
42% Jan 23
20
preferred
$3 preferred
Gar Wood Industries Inc
60
273a
53%
164%
*29
72
53%
163%
120%
19%
*70
53%
9%
*22 %
*19
53%
9%
7%
19°/8
72
53%
53%
21
*19
*70
60%
133/4
108
*106
19 3/8
70
8%
*58%
13 %
13%
13%
108
*106
60 %
193/8
70
27%
8
27%
27%
*58%
60%
68
8%
273/a
.
19%
68
*19'/a
68
8
8%
27%
60%
19%
*67
68
*67
6%
Inc
1
8
53
13
113
No par
1
cl A
(Robert)
(The)
8%
6%
66
25
25
16
120
34
.........100
preferred
8%
6%
.
preferred
prior
33% Mar
•
Jan 26
15% Jan
25
No par
F'k'n Simon & Co Inc 1% pfd—100
Freeport Sulphur Co
10
Fruehauf Trailer Co
1
8%
120
'
16 3/a
Corp
Food Machinery Corp
10
Foster-Wheeler Corp............10
6,400/
26%
*26
26%
conv
2
6% Jan 24
47% Jan 24
1
5%
300
72
30% Feb
No par
10
100
550
Dec
93
54
preferred
Steel
Follansbee
5,300
72%
34%
34%
26
8
52
I73/4
*17
71%
26%
*26
7%
52
Florsheim Shoe class A
500
33%
33%
51%
73A
7 Va
50%
71
17%
7%
51%
34
327/8
26%
17%
*69
70%
•;
7%
50%
7%
51
33%
33%
32%
32%
32%
51
18
70%
34%
*26
32%
7%
: "so
*17%
*
71
71
31%
7/8
50
Dec
108
2
16
•
28% Jan
'
*31%
Dec
Aug
19 Va
28
107
Jan
/
Feb
12
Dec
Dec
14%
Jan
31% Mar
2
44%
47%
Jan
Jan
9%
1
Mar
106% Jan
Jan 29
33%
21%
•
50
No par
(The)
2
4
2
5
Jan
Jan
107% Jan 26
-
25
$4.50 preferred
No par
Florence Stove Co—..——No par
500
47
National
Dec
24
28'A Jan 23
103
Jan 22
243A Jan 9
/
—100
preferred
Flintkote Co
6,700-
107%
•45%
453/4
First
500-
27%
27%
*105
4%%
-
Oct
17%
5
9% Jan 22
No par
Corp
Firestone Tire & Rubber
100
13'A
Apr
23'A Jan
preferred,
Fidel Phen Fire Ins N Y
700
5,900
>
47
*46
107%
45%.
•
553/4
58% ;
110%'
273A
27%
.28%
107%
♦105
45
45
45%
45%
583/4
♦1091/8
-•-
58%
553/4
'
59%
110 %
'
Apr
9%
17
105
No par
Dept Stores
conv
Enamel
Ferro
1,800
'
*109 %
56
-
59%
110%
45%
-27%
27%
*55
27%
:
59
27
*26%
110%
.
45%
107%
"
27 %
56
*55
553,4
55%
-58%
*109
45
27%
108
VI;
58%
110%
45
28
*105
55
58%
"109
44%
44%
/.
55
59
*108%
26%
26%
27%
27
6%
6
25 3A Jan
'
'■
Aug
19
—5
Corp
84'A
19% Feb
%
Federal Motor Truck
•
$ per share
Feb
15% Feb
13
15
No par •
Traction
Light &
preferred-
78%
2
42% Jan
25 % Jan
Corp.t
Federal Mln & Smelt Co
'
700
1
313/4 '■
105
-
Federal
4,300-
••
-
11% '113A
313/4
105
•
27
24
6
20
Fajardo Sug Co of Pr Rico
Farnsworth Televis'n & Rad
105 % '
36 3A
113A
1043/4
30%
105
104%
*105
105%
16,300
10,800'
y
15% <
21% '
21%
22
22
105%
'•vfe 37%
-
11%
11 %
303,8
105
38
x37
30%
1043/4
105
373/s
*263/4
27%
11%
105
21%
105%
363/4
36%
♦27%
"•
21%
105%
*105%,. 106
106
.35%
21%
20%
20%
20%
20%
106
Fairbanks Morse
2,000
31%
31'/a
15%
Highest
$ per share
Jan
42% Jan
'
•
86
27
15% Jan
No par
31%
7%
Corp
Jan
11% Jan
3
2.50
48%
36%
Co
18%
49%
1
"20%
Products
18 3/a
501/4
'
*105%
Cleaner
Vacuum
86
50
5
5
RR Co
Erie & Pitts
Eureka
3,900
par
18 %
293/4
•143/4
15
14%
y y;//A .• y-; y ■■ /y y/
49%
7%
7%
92
15%
yy/1
i
■
50
18
7%
•87%
92
.■
$ per share
$ per share
1911
Lowest
Highest
Lowest
"v..
EXCHANGE
Shares
-.•V./f-V-
Year
Range Since Jan"ary I
STOCK
NEW YORK
;
18%
18
49
49%
17%
49%
14%
'
14%
►87%
15
•88
92
14%
for
the Week
$ per share
$ per share
$ per share
Sales
Mar. 2
Mar. 1
Feb. 28
t per share
9 per share
Friday
Thursday
Wednesday
Feb. 27
Range for Previous
STOCKS
PRICES
8ALE
Tuesday
Feb. 24
$ per share
997
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
161
8
112
Jan
15
5% Jan
11
23% Feb
,
17
8
3%
Jan
15% May
v
Oct
7
Aug
5% July
Dec
19%
1
9%
Feb
16
43% Feb
26
32%
Jan
42%
24% Jan
17
Mar
July
Dec
10
23%
Jun
25% Mar
17% Mar
1
14%
Dec
17%
52% Jan
11
49%
Nov
Dec
25/8
Jan
29% Feb
1
24%
Jan
30
Dec
Feb
13
143%
Feb
163
Nov
165
71
Feb
2
67
Feb
57
Jan
11
43%
Feb
55%
Dec
25% Mar
1
19%
Feb
24% July
105% Feb
Feb
7
182
Feb
Dec
105%
Dec
v
Apr
32%
Dec
3%
6
7
May
Apr
105%
15
35% Feb
57
7
11
123
Jan
6% Aug
189% Dec
18% Jan
11
Jan
16% May
64% Jan
8
33
Jan
62%
Dec
55% Mar
1
42%
Sep
50%
Dec
Feb
6%
H
36%
*35%
37
A
26%
*26/'a
26%
23%
23%
23%
23%
23%
18%
18%
18%
Xl8%
18%
*36
37
*36
37
*36
37
37
*35
*26 A
26%
*26
ft
26%
*26 i3a
26%
:*26&
26%
*26
*23%
24%
23%
23%
*23
23%
23
13%
18%
18
18%
18%
18
*107%
107%
18%
109
*107%
109
*107%
♦
108
*107
108
107
21%
21
20%
21
20%
109
107
109
*107
108
21%
21%
21%
*107%
107
*107%
109
107%
*36
"
■
10
10
*110
114
For
9%
y;
*110
footnotes
see
9%
10
114
page
*110
1003.
114
9%
9%
9%
A
*110
.
,
21%
114
9%
*110
*107%
109
*107
108
.21%
*153
*153
*153
*153
*153
*153
21%
9%
114
9%
♦110
21%
—-
1%
800
"
2,000
:
;■
-
100
4,600
A"VW«.
9%
114
Hackensack
1,800
Water.
preferred class A
Printing Co
Watch Co
Hamilton
27
Apr
33%
9
26%
Dec
38
7
15% Mar
18% Feb
24
Jan
16
106
Apr
111
110% Jan
12
102
Jun
21% Feb
28
33
2
38
29
26
Jan 23
20% Jan 2
28
10
No par
8% preferred
100
Hanna (M A) Co $4.25 pfd—No par
Harbison-Walk Refrac
No par
6% preferred
100
Hat Corp of Amer clasR A
1
6%% preferred (modified)—100
Hall
2
Jan
24% Feb
29
Jan
15'A Jan
2
Feb 8
107
Feb 28
18% Jan
2
154
Feb 17
73A Jan 4
* 107
Jan 13
106
109
,
11%
15%
138
Apr
July
Dec
21
July
Jan
152
17
16
57/a
Jan
6
104%
Jan
Jan
Dec
••16% July
109
Feb
110
Dec-
May
Apr
10% Feb
154
22%
8%
110
Dec
Jun
July
THE COMMERCIAL & FINANCIAL CHRONICLE
598
NEW YORK STOCK
LOW
HIGH
AND
Saturday
Monday
Feb. 26
SALE
Feb. 27
$
$ per share
11%
per
12%
7%
7%
7%
7%
'7%
113%
113%
114%
112'A
113'A
21%
21%
21%
*172%
176%
22
21%
76.%
80
*76%
*172
176%
*172
27%
27
27%
89%
90
88
88
130
*130
131
*130
131
130
77
*74
77
76
76
77
127
26 %
26
26
28%
28%
29
127
47%
20%
*20
5,300
Hercules Powder
120
78
78
127
*125%
100
*26
28
*26%
28
29%
*28%
29%
47'A
47%
47%
47'A
47%
3,000
19'A
19%
19%
18%
19
2,000
Hollander & Sons
18%
19%
19
19%
4,100
Holly Sugar Corp
7% preferred
47%
47
20'A
19
18%
18%
18'%
18%
.
18%
>
*117%
*117
*117%
*117%
'
•'
,
47%
46%
47%
47%
47%
47%
48%
48%
49%
48
48
%
9,1C0
*45%
46%
*45'%
46%
*45%
46%
*45%
46%
45%
45%
200
22%
10,100
21%
22'A
*76'%
77
22%
22 'A
77
111
22%
78%
77
77
110
22%
22%
22%
*76%
111%
*111
111%
*110%
79
111%
74
74
74
74
74
16%
16%
15%
16%
16%
17%
17%
17%
42%
43
43
*73
74
*73
41%
42%
:42'A
42%
42%
2%
2%
2%
2%
2%
*2%
13
13%
12%
12%
i 12%
12%
12%
30%
30%
30%
v
17%
18'A
17%
18%
\
73'A
500
70
73 'A
.
74
74
V
400
18%
17%
18%
63,100
43'A
42
42'A
2,900
Howe
2%
2%
2%
3,500
Hudson
13
13%
13%
13'A
1,400
5%
4,300 '
31 'A
32%
31%
32%
31'A
18'A
18%
18%
18%
19
18
4%
5'A
4%
5
5
4%
Apr
89
Jun
Jan
134
Mar
72
Feo
15
78
Mar
2
63
Jan
73
July
123
Jan
114
Apr
125
25
17
125% Feb
21
Jan
25
26% Feb
23
19%
Feb
25%
23% Jan
2
29 % Feb
28
20%
Jan
23%
41% Jan
23
26
36%
Mar
47'A
Sep
19
13%
Jan
21'A
Nov
19 % Feb
21
13'A
Jan
19'A
Dec
48
100
117
Jan
26
12.50
42
Jan
2
49% Mar
1
39
Jan
44% Jan
4
46 % Feb
13
42
May
No par
16% Jan
par
•
117
2
71 % Jan
No par
23
2
103% Jan
2
81
Jan
:
Mar
1
Jan
66% Jan
2
12% Jan
22
18% Mar
34% Jan
20
43% Feb
74
Feb
115
Oct
13%
Jan
54
11
18
25
c
26
111% Jan
5
t
v
Dec
Feb
20% Feb
15
17 % Jan
No par
Dec
Aug
2
18% Mar
3
Jan
107%
16
63
Nov
Feb
117
Apr
47% July
45
Jun
18% Aug
72%
Nov'
114
Sep
70% Julv
1
7%
Feb
21
30%
Feb
Feb
16
1%
Jan
2%
19
14% Feb
15
6
Jan
11%
Jan
2
32 % Feb
28
22%
Mar
28% July
No par
14% Jan
6
19 % Feb
5
8%
Feb
16%
1
3% Jan
2
5% Feb
6
1%
Jan
6
Aug
20
34% Mar
Nov
Manhattan
2
Jan
16
100
10
Jan
Hud Bay Min & 8m Ltd——No par
27
Hudson Motor Car
19,600
5
Feb
75
16,100
18%
Feb
Nov
27%
10
.
Texas
Hupp Motor Car Corp
preferred
non-cum
75%
170
128
Sound Co
&
Apr
31
No
of
Jan
Mar
20%
24
2
100
31%
18
90% Feb
160
Jan
(A)
B
Oil
1
17
132
preferred
100
Houston Light & Power Co...No par
Houston
63%
Feb
28% Feb
Sep
22% July
15
5%
2%
31
4%
Class
Sep
Dec
1
Household Finance
17%
30%
'■
5
4%
5'
4%
79
111
20%
3
13% July
37%
July
Jun
Dec
Aug
I
t
27%
59
79
26%
26%
28
28%
28%
58%
59%
59
78%
78%
78%
78%
26%
25%
26
24'%
24%
24%
28
58
25%
28%
*78
34%
78%
27%
34
34%
33%
58 'A
34%
58
33%
43'/a
24%
*106
43
108
116
116
115
166
115%
115%
*165
166
60
58%
60
79
80
81
81
350
26%
26%
26%
26%
2,370
24%
25
2,500
34,100
Illinois
6%
Leased
RR See
preferred A
lugersoll-Rand
1,200
10
14
14
14%1 r
14
14%
14
14%
6%
10,500
7%
10%
10 'A
78'%
79
79
4'A
1,925
107 %
30
*8%
42
7%
7%
7%
7%
7%
7%
10%
10%
10%
10'%
181%
10%
10%
*180
181 %
180
182
80%
181%
182%
181%
181%
4'A
4%
4%
4%
4%
4%
21%
22%
Int
22,400
22%
22
22%
84
84
84
21%
21%
21%
21%
22%
82%
82%
83
83
83
84%
600
7%
6%
7%
7%
7%
7%
7%
7%
7%
6%
7%
14.600
32%
32%
32 %l
33%
33%
34%
x33%
34%
33%
34%
33%
34%
129'A
129'A
*129%
132%
132%
180
24%
24%
23 %
24%
24
%
25%
25%
25%
25%
25%
24%
25%
37,500
91'A
91%
90%
91%
90%
90 %
9014
91%
91%
91%
91
91%
1,500
*11%
12%
2,000'
*12
87
*437/b
■
12%
*86
45
'
86%
*40%
41%
41
110
23%
23%
45
40%
115
12%
87%
44%
40%
40%
115
*111
115
137%
*117
*117
137%
132
12%
86
*43%
40%
115
*117
132
12%
12%
87
87
87
44%
100
40%
41
2,000
119
900
40%
117
119
137%
*117
23%
24'A
24%
24%
24%
25%
24
23%
23%
23%
24%
24%
25%
*24
22%
24%
23%
23
20%
22 %
*21%
*39
40
*143
—
*145
147
•
22
14% Feb
8% Jan
37% Jan
25
42 % Mar
104 % Jan
3
107-% Mar
6% Jan
25
8 % Feb
6%
Jan
8% July
9% Jan
2
10% Mar
6%
Jan
10% July
par
173% Jan
74% Jan
178% Jan
24
__25
2% Jan
23
158
165
Sep
Feb
x87
Aug
9% May
7% Jan
Feb
29%
104
Apr
Nov
12% July
8% Oct
40% July
105 %
Jan
81
Jan
67%
Apr
82%
165%
Jan
180%
Dec
1%
Jan
3%
Aug
Jan
18%
Jan
80
5
154%
Feb
21
19
Feb
17
Jan
2
22% Feb
75% Jan
3
84
1
5% Jan
2
7% Feb
1
4%
No par
100
28% Jan
24
34% Feb
27
25%
Apr
188
Jan
Mar
15%
1
65
Feb
23
19% Jan
84% Jan.
26
25% Feb
28
13%
.100
26
92% Feb
20
66
No par
.100
Jan
31
81% Jan
31
88
42% Jan
15
44% Mar
...No
par
129
10
Dec
183 % Feb
100
15
Nov
Mar
71%
188
4
134
Jan
5
130
Jan
6V8
Nov
Dec
Jun
Dec
Jun
32% July
136
Oct
Feb
'
21%
Dec
Feb
94
Dec
13% Feb
19
7%
Feb
12%
Feb
21
68%
Jan
92
Jun
2
39 %
Jan
47
Aug
35%
Jan
No par
39
Feb
2
*
__50
92
Jan
2
119
42
Jan
15
Mar
2
56%
100
117
Jun
43
Sep
Jan
93
Dec
Feb
135
Oct
Intern'! Telep
No par
18% Jan
2
25% Feb
14
11%
Jan
20
Dec
18% Jan
2
25% Feb
14
11%
Jan
20 %
Interstate
No par
No par
Aug
17% Jan
2
24% Mar
19% Jan
24
& Teleg
Foreign share ctfs
23%
24%
22%
23%
11,500
23
22%
22%
900
Dept Stores
Intertype Corp—
38%
38%
38
38
400
Island Creek Coal
*145%
147
*145%
*145%
88%
Feb
..5
Silver..
23
147
9
19
par
100
preferred
39
:■:«
119% Feb
166
6
No
i
Salt
147
*145%
11% Jan
—
23
22%
39
111%
86% Feb
Paper Co
preferred
*38%
23
*22
22%
40
1,700
Jan
2
2
No
International Shoe
76,300
24%
Oct
Dec
26
-
39
21%
21%
*21%
24%
,a
...
preferred..
7%
20 %
42% July
106 %
No par
No par
Harvester
International
137%
Apr
Jun
100
Inter Rys of Cent Am
5%
15%
35% July
100
Jan
A..1
Machines
International
25 % Feb
44% Mar
106% Feb
Nonpar
preferred
conv
2
2
24
Feb
International Mining Corp
Int Nickel of Canada
5%
Jan
82
—
Preferred
19% Jan
39% Jan
105
166
International
520
44%
23%
*39
4%
42,900.
45
23%
A
21%
21'A
86'A
40%
.
12%
86'A
*43%
12%
86'A
*43
131%
23'A
23%
23 %
40%
131
132
.12%
'
44%
137%
*117
137%
12
86'A
115
112
110
•117
j
*43
*130
132
5,700
par
104% Jan
Int Hydro-Elec Sys class A
International Min & Chem
7'A
*84
Business
Preferred
21%
i
Dec
par
....
Rubber
International
*82%
22
22
x_20
Corp
Interlake Iron..
430
*82%
Jan
100
preferred-
Intercont'l
4,900
80%
182%
4%
4%
4%%
900
81
182
81
80%
182%
79
8
Dec
par
No
Insuransharfs Ctfs Inc
27,600
79
No
Co
Interchemlcal
2,100
182
181
4%
9%
42%
107%
42
108
181%
78 %
4%
4%
40%
*106%
Steel
Inspiration Cons Copper
400
10%
*180
79
182%
181
182
181%
180
180
182
*179
9
40%
106%
40
106%
Feb
No pa*
i.__
preferred
Inland
3,000
7%
10
10%
10
9
9
1
7%
7%
7%
7%
9%
27
115%
13%
40
22
115%
*167%
13%
106%
18% Jan
116%
*167%
13%
*9
Dec
No par
13%
39%
77%
116%
116%
*165
*106%
Jan
No
Rayon
$4,50
13%
9
46
Indianapolis Power & Lt
86
40
Mar
Industrial
85%
106%
81
1,000
86
9
24
8,400
85%
106%
Dec
72 % Jan
24%
85%
*39%
56
44%
85%
9
23%
Jan
109 '/a
24%
86%
39%
Jan
25%
44%
85 %
106%
series A_.
32%
10%
61% Feb
*107%
86%
9
ctfs
Feb
29% Mar
30
100
>
24
24
47% Jan
1000
4%
3
19% Jan
100
44%
85%
39%
lines
29% Jan
lou
Co
109%
85%
Iff
RR
Central
preferred series A
44%
85%
*106
.
1
*107%
44
108%
116%
34%
Idaho Power Co
3,200
25
44
116%
28%
59%
26%
*107
*165
29%
34%
29%
79
24%
43
108
*106%
34
29 %
33%
28%
59%
,
*26%
24%
24%
43 %
43
107'/a
*43%
*106
34
34
147
$6
No
38
1
preferred
par
1
145
Mar
Jan
1
15
Apr
20% July
Feb
19
15
Jan
20%
41% Jan
9
29
Jan
45
July
Jan
144
Dec
23
2
12
145
Jan
12
138%
Dec
J
•A
39%
40
115%
*111
115%
*111
111%
111
111%
41
*39
*111
111%
39%.
35
35
110
110
•110
*90
97
35
35
*90
40
40%
*111
115%
*111
111
112
XllO'A
111
36%
*110
110%
*90
97
36%
37
*110
97
110%
*90
97
40%
37
37%
900
Jewel Tea Co Inc
4%%
111
37'A
*91
97
*91
Johns
1,900
97
29%
30%
30%
31
31%
83'A
83%
83%
84 A
84
98%
97%
97%
98
98
99%
23'A
23%
23
24
X24%
25%
25'A
26%
25%
27%
27%
26%
27
26%
26%
26%
27%
27%
x313A
x84%
XlOO
31%
31%
847A
90
4%
Joliet
31%
No par
22
40% Feb
20
Apr
38%
Aug
111
Jan
23
113% Feb
15
107%
Jan
112%
Nov
101
Jan
2
113
Feb
15
84%
Feb
105
12%
2nd
&
Corp
31
Jan
25
37% Mar
1
30
Nov
109% Jan
27
111% Feb
3
Johnson...
&
preferred
scr
100
A—
Chicago RR
stamped__100
Jones & Laughlln Steel
No par
26,600
8 4'A
1,400
5%
2,000
5%
pref series B conv.!
26%
25
25%
23,700
28%
27%
28%
2,800
Mlg
Jan
10
27% Jan
24
93
Jan
107%
9
90
34%
Dec
Sep
Sep
May
111
Dec
95
May
Dec
31% Feb
28
20%
Jan
28
Jan
2
x84% Mar
1
58
Jan
80
100
pref series A
99%
Joy
90
27
91% Jan
2
xl00% Mar
1
66%
Jan
93
Dec
1
84
99%
100'A
34% Jan
100
No par
preferred
Manville
Johnson
~j2f600
■
110
84
84%
37%
40%
115%
110
30%
31%
110%
110
83%
100
*111
110
30%
*97
40%
115%
110%
X35
110%
40'A
40
115%
110%
19% Jan
9
26% Feb
28
10%
Jan
20"%
Dec
21%
Aug
.100
CO
80
Dec
K
*119
122
*119
122
17%
17
39%
39%
38%
*19'A
20
*19%
*119
17%
17%
20
29
28
28
26%
26%
26%
22%
22 7A
22%
22%
116
*114
116
122
122
122
18'A
17%
18%
13.400
40%
40%
40
41
40
41'A
2,400
*19
20
*19%
20
*28
28%
*28%
28%
28
28
28%
*27%
28%
27'A
27'A
27%
23'%
23%
116
X38'A
24%
*114
39
116
2
7'A
24
*114
*19%
24%
23'A
116
*114
39%
38%
23%
24
X24
24
*23%
24%
*23%
24%
*23%
24%
*44%
46
45%
45%
*44%
4 6'A
*44
45'A
9%
1,000
A-
32
I 32
♦111
9%;
*74%
113
31%
9%
9%
9%
9%
97A
75%
75%
75%
75'%
76%
31%
31%
113
*111
27
27
27
11%
*10
*111
27%
27
*10
37
37
37
38
38
11%
7%
7%
27'A
11%
*10%
37%
11%
*10%
37'A
37%
37%
38
38
38
38%
38%
*7%
6%
7%
*7%
6%
6%
93%
7%
6%
93%
94
94
*93%
6%
94
33%
33%
33%
33%
33%
39%
39
39
39%
39%
40
40
54
39%
*52%
54
54
54
54
54
54%
14%
13%
36
14%
35 %
14%
36
137
35%
*137
_9%
9%
14
35%
"140
9%
9
2%
2%
43%
43%
41%
42
41%
41%
*21%
22
22
22
2%
2%
43%
43
8%
14%
'
9
*49
50%
*83%
85
85 %
50%
85 %
85%
85
85%
*49
187
187
38%
38 %
*38
39%
56%
57%
55%
56%
56
56%
46%
46%
46 %
46%
47
footnotes
see
page
1003.
93'A
33%
33%
41%
42%
43
54%
54%
54%
14
14%
37
150
36%
*141
10%
9%
600
1,700
700
14%
13,800
3,000 '
36%
150
'
„
18%
'
58%
8%
*49
*84%
85%
187
*38 %
57
46%
*21%
18%
19%
58%
58 %
58%
9
50%
8%
*49%
9
51
85%
85
85
86
86%
86%
188
189%
.
21%
21%
19%
•
10%
190
.
61,700
21%
600
18%
19
7,100
58
58%
4,300
9%
37,100
8%
*49%
85%
*86
Koppers
Co
'
86
86%
190
38
38%
58%
59'A
57%
58%
47
47
47'A
48'A
600
2,300
190
*36
38 %
58 %
"A
220
300
,
A. 5,800
1,800
18% Jan
26
13'A
Feb
23% Jan
22
29% Feb
14
17
Jan
23
28% Feb
27
20
Jan
24 % Feb
28
Laclede
When
5 %
18% Jan
114% Jan
6
Feb
10
24
39% Mar
1
23% Jan
23
24% Feb
20
38% Jan
8
45% Feb
14
8% Jan
15
10'A Feb
23
78% Jan
15
Lt
Gas
10
Lee
__
100
100
conv
Lehman
110
37%
Dec
Jan
24
Dec
Mar
42
3
54%
32
5
13
Feb
Jun
May
Jun
19'A
'6
11
3
Jun
31%
3
Feb
27% Feb
19%
115
Dec
Aug
108%
22
Feb
Jan
9%
78%
Oct
Dec
Dec
Dec
"34%
Dec
108%
Dec
Feb
27%
Nov
Dec
6%
Jan
Jan
19
39% Jan
2
27%
Jan
39
Dec
37
Jan
24
40
2
31%
Jan
37%
Nov
Mar
10'A
7% Jan
27
9% Jan
5
Jun
13
6% Jan
22
■7% Feb
2
17
101% Feb
2
62
Jan
10T
35% Jan
19
Oct
88
Jan
9%
Jan
May
par
31% Jan
26
Apr
x31%
Dec
par
5
30
Jan
24
43
Mar
2
17'A
Jan
31 %
Dec
47
Jan
22
54% Mar
2
38
Apr
49%
Dec
12
Jan
8
Jan
preferred
10
3
15% Feb
15
25
29 % Jan
24
37
Feb
20
21
Apr
100
Cement
preferred
123% Jan
29
137
Feb
17
113
Jan
50
4
12%
Oct
31%
Dec
127
Dec
Lehn & Fink Prod Corp
Lerner Stores Corp (new).. -No
6'A Jan
30
4%
Jan
2% Jan
22
Jan
2
I'A
Jan
2%
Dec
35% Jan
22
45 % Feb
20
15%
Feb
39%
Dec
1
.No
_
var
50
x__
(The)
Corp
9'A Jan
34'A Jan
6
9
Jan
May
24%
No
.
Navigation Co
Portland
% Feb
29%
20%
X26
Feb
No
_
Tire
Lehigh Valley RR_____
Lehigh Valley Coal
6%
__4
._
__
_
&
Lehigh Coal &
conv
1
26
,
13%
111
124
36
—-
-—No par
(The)
Bryant
Lehigh
22
10
preferred
Rubber
30% Jan
108% Jan
115
21
100
.....
Co
issued
2
Feb
& Co.
Lambert Co
Lane
3
par
73
Inc J.
(S H)
Apr
Dec
22% Jan
preferred
4% % preferred.
Kresge (S S) Co
Kresge Dept Stores
16%
117
1
35'A Jan
36% Jan
22
42% Mar
1
29%
Jan
38%
Dec
5
Jan
21%
10'A Mar
3
1
8%
Dec
20 % Jan
3
Feb
3
par
17% Jan
22
19'A Feb
28
17%
Dec
19%
Dec
Libbey Owens Ford Glass....No par
7
Libby McNeill & Llbby
51% Jan
24
587A Feb
28
42
Jan
53%
Aug
7% Jan
2
9'A Mar
2
Life Savers Corp
51
39 %
47
prior
4%
•
4,500
46%
For
170 <■
42%
19
39%
500
4,500
42%
58%
*38%
7%
6%
93
42%
8%
188
7%
6%
7%
67A
94
42%
18%
$5
1
28% Mar
122
1
....No
pt pfd A
Kroger Grocery & Bale
6,900
58%
cl A
B
Kress
200
5,100
19%
conv
3
5
1
Co...
1,700
2%
58%
20% Jan
Stores
&
(Julius)
1,500
43%
42 %
Mai-
40
2%
21%
39%
10'A
43%
42
Jan
38
2%
21%
19%
39
44%
42'%
19
37%
2%
8%
186
■
43%
21%
41% Feb
"
5,000
2%
41%
22
10'A
34%
9%
Jan
11%
40'A
14%
Dec
34
preferred
non-cum
38%
*53 %
35%
14%
38
*33%
•141
Jan
Keystone Steel & Wire Co....No par
...No par
Kimberly-Clark Corp
Kinney (G R) Co
—1
3,500
27%
44%
18%
188
33%
113
2%
57%
84%
27%
43%
8%
50%
.
33%
*111
27%
6%
Class
80
2%
19
85
33%
113
77
43%
*21%
9
9%
*76
2%
58%
85%
9%
7%
6%
94
9%
77
43%
8%
*83%
36%
150
38 %
;
18%
*49
14%
35%
*140
9%
58 %
*84 %
33%
14%
35%
150
33
*111
27%
34
*33%
188
32%
113
27%
*10%
7%
7%
94
32
♦111
27 %
37%
;
6%
6%
6%
,
38
38
94
31%
113
9%
77
19
Kennecott Copper
400
.
2
18'A Feb
par
100
!
300
45%
75%
Mar
22
Kendall Co $6
15,900
45%
9%
*9%
*75
3
Jan
Kelsey Hayes Wh'l
'—
-
24%
45
Jan
Kayser
5,000
-
39 %
45
*24
Jan
13
No
City Southern
Kaufmann Dept
300
24'A
39 %
20
117
4%
2,700
,
116
39%
10
Kansas
20
38%
St Furn„
Kan City P & L of ser B_. —No par
10
17%
28%
22%
*114
*119
18
20
26%
39%
38%
39%
39%
122
17%
40%
*19%
*27%
29
*119
18
*40
39'A
26%
*114
122
,
17%
Kalamazoo Stove
8
Liggett & Myers Tobacco
£
.
2
78
Jan
Jan
3
:
Wks
.No
Jan
5
33
par
.No par
x_..No
par
18'A
6%
Apr
Jun
8% July
52
-
Feb
1
Jan
49'A
86
2
78
Preferred
Lily Tulip Cup Corp
Lima Locomotive
i_mK Belt Co
49% Jan
25
25
181
Series B
22
Mar
2
68'A
Jan
83%
Jun
1
67%
Jan
86%
Jun
174%
Jan
86% Mar
190
Mar
Jan
8
38% Feb
47% Jan
25
22
48 % Mar
1
59% Mar
41% Jan
■
21
39
:
182
Dpc
Nov
26%
Feb
32%
36
2
*
Dec
8%
112
10
Houdaille-Heishey cl A
42 'A
'
12%
30%
*77'A
2
Mar
Feb
Homestake Mining
*110%
111%
■
2%
2%
22%
23
80
110%
17*
9%
Apr
Jan
99
130
Hlnde <fc Dauch Paper Co
Hires Co (C E) The
Holland Furnace (Del)
19'%
13
Highest
1 per share
No par
No par
*28%
300
82% Jan
2%
8
76% Mar
4
22
6%
20
22% Feb
9
Jan
22% Jan
t per share
15
Feb
118
1944
100
26%
1.800
10
73% Jan
par
No par
preferred
Hershey Chocolate
$4 conv preferred
29%
46%
22'A
No
F*'a
8% Feb
18
170
100
Motors..
29%
47%
*76
preferred
non-cum
6%
400
•
*45%
*111
25
Hercules
26'A
47%
*117
*117
W)
3,600
26
48
18%
19
130%
125%
125%
<G
7%
—
27%
12 %
3
Jan
20 % Jan
15
_
29%
20%
47'A
47%
*19%
127
*125%
*25%
29
127
*125%
*25%
Heime
200
76%
109
* per share
4
6% Jan
25
Co
Co.
88 %
88
83'A
Hecht
1,600
9% Jan
5>
Glass
Year
Lowest
Highest
I per share
1
-
Mlg Corp
130%
26%
77
87%
Hayes
Hazel-Atlas
176'A
*172
130
88%
22
76 %
•
176%
27
130
*27%
19
22
*125%
,
76%
*125
450
*73%
131
*73%
18,400
90
90'A
89%
*130
7%
112%
26%
26 %
Range Since January 1
Lowest
Hayes Industries Inc
7.100
7%
176%
*172
26 %
11%
112'A
7%
Range for Previous
STOCK
Par
113
7%
.
21%
76%
80
*76'A
176%
26
26%
26%
78
*76'A
80
*76
*172
11%
YORK
EXCHANGE
Shares
112
113
21%
share
NEW
Sales for
the Week
$ per share
12
11%
7%
7%
113
22
22
22
Mar. 2
$ per
12
11%'
7%
*112%
Friday
Mar. 1
$ per share
11%
11%
12
STOCKS
Thursday
Feb. 28
$ per share
share
11%
V
RECORD
PRICES
Wednesday
Tuesday
Feb. 24
Monday, March 5, 1945
Apr
52
Dec
37
Jan
44
Dec
Dec
•
Volume
; :
.
.
■
•
•'
'
'
'
NEW YORK STOCK
Monday
/
Feb. 36
Feb. H
$ per share
S
$
per share
share
per
23%
"
23%
22 Vb
23
22%
32
31'A
31%
313/4
$ per share
21%
.
23%
31%
31%
31%
23%
23%
22%
23%
20%
20%
20%
77'/4
77%
77%
77%
77 'A
78
78%
79%
53%
54
52%
53
52 %
52%
523/4
53 %
41%
213/4
*109
f
19%
20
20%
41
413/4
42
42
42 %
42%
22%
23
22%
23
22%
33
170
*168%
172
22%
22
2o
25%
112
110'A
111
32
31%
33
26%
26
25%
26 3/4
27%
112%
112
*111
*109%
•31%
112%
170
173
*170
171
Vb
23
No par
25
6
40% Feb
20
10
18% Jan
Jan
4
Cement Corp
Bell Lumber A
Biscuit
Long
1.400
Loose-Wiles
Lorillard
11,600
Nov
19aA
Jan
14%
Jun
1
58
600
Louisville
32%
32%
800
MacAndrews
&
23
% Mar
80
Mar
54
Feb
22'A May
30'A
May
Nov
81%
/v
Dec
23%
,
Dec
Dec
23
403/4
Feb
53
20% Mar
2
8'A
Jan
16%
45'A Jan
8
23
Feb
28
171
Feb
27
28
Jan
17 3/8
>.
Apr
151
'/•. 44
2
27% Mar
1
20%
Feb
2
113% Mar
2
165
69% Jan
Feb
27
Dec
Dec
20 % July
Jan
23% Jan
103
100
Nashville
113%
166
.—100
No par
Louisville Gas & El A
5,400
113%
1133/8
Co..
(P)
preferred————.
7%
40
•
27%
Inc
btar
8,200
>.
173/4
1
2
20%
19%
171
Jan
15 % Jan
Lone
41%
2b %
50
Loew'.0
19 %
22%
No par
7
13
22
2,800
41%
169%
No par
73% Jan
8,200
19%
25
31
53
42
2134
25%
2
J.9% Jan
80
20
169%
172
25%
Refining Co———No par
No par
.1
29% Jan
Lockheed Aircraft Corp
53
Highest
I per share
34% Feb
Liquid Carbonic Corp
1944
I per share
24'A Feb
22
Lion Oil
46,600
79%
80
53
20
18%
*41
22%
*169
23%
53%
79%
"
-
19% Jan
4,000
32
23%
Year
Lowest
t per share
8 per share
Pat
Shares
2,100
23 %
32
20%
41'A
*23
24
31%
20%
19%
share
per
21%
32
19%
Mar. 2
$ per share
Range Since January I
Highest
Lowest
EXCHANGE
the Week
23%
23%
32
$
Range for Previous
v
STOCK
NEW FORK
Sales for
Friday
"
Mar. 1
Feb. 28
Feb. 27
,
STOCKS
Thursday
Wednesday
Tuesday
,
P
RECORD
HIGH SALE PRICES
AND
LOW
•
Saturday
999
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
161
Dec
24 Vb
Jan
Oct
111
Dec
M
*31%
32
•149
152
*149
521/2
53%
52%
52%
52%
53
53%
33%
33%
33%
34
33%
34
*149
109
19%
•18%
20
9%
19%
19 %
9%
9%
9%
15%
14%
14%
4%
:
20%
19 %
Mack
6,200
Macy (R H)
18%
19%
19%
20
10%
9%
15%
15%
26
26
26%
1,100
Sugar
Maude!
500
26%
26
Copper
Coal RR
Manati
5,900
15%
*15%
26%
4%
4%
4%
43/8
6,300
8%
8%
8%
8%
8%
16,000
Marine
Midland
St
8%
8%
8%
18%
17%
18%
18
18 %
17%
18%
17%
17%
17%
18%
1,720
Market
18 Vb
19%
20%
20 %
20%
20%
21
20%
21%
20%
21 Vb
9,600
Marshall
20%
24%
25
25%
25%
26 %
26%
27
26%
27%
26%
26%
29,000
11%
12
11%
12%
11%
12
11%
12
9,000
6,600
12
12%
ll7/«
12%
43%
43%
43%
43»/4
43%
31%
*31%
"31%
31%
•31%
42%
68%
10
10
453/8
45
32
32%
31%
31%
26%
26%
26%
42 %
42%
32%
32%
32%
32%
32%
21%
21%
21%
21%
22
22
115
*112%
•33%
34
33%
33%
21%
21%
•22
22%
59
14%
14%
111%
•110%
19%
•19%
*110%
sa4%
96
19%
14%
95%
*96
97
*97
25 '/4
May
26
16
15%
16%
16
16
57
*56%
57
56%
563/4
110
*33%
34%
34%
34%
1,000
Merch
34%
34
40%
41%
43
44
443A
2,700
Mesta
40%
41
*108%
109 %
*109
8%
8%
8%
8%
8%
28%
28%
29%
29 %
149%
151
58%
•56%
151
46
•110%
111
•109%
111
46
46
*111%
114
2%
2%
*2
•111%
18%
18
17%
2%
46%
2%
42%
151%
*56%
57%
*56
18%
18
46
42
151
42%
41%
42%
42%
150
*111%
114
57%
18 %
47
*111%
114
114
*109
*110%
111
*110%
111
*109
111
*109
111
8%
8%
•113%
116%
*113%
116%
*114%
116%
28
28%
28
28%
8%
111
*110%
111
111%
*115
28%
120
8%
100
8%
73/4
8%
7%
24%
23%
24%
23%
39%
39%
x39%
39%
40%
41%
41%
42
42
40
42
40
29
30
29
29%
9P/4
91%
91%
91%
.1,700
•28%
29%
28%
28%
28%
29%
29%
89%
89%
89
89%
89%
90%
91
91%
*114
114%
113%
113%
•113
114
114
114
44
43
43%
43
43
35%
36
35%
36
35 %
35%
25
25%
24%
24%
25
25%
27
27
26%
27
26%
27%
•35%
35%
35%
35%
34%
35
12%
12%
12%
12%
12%
12%
•43
43%
*43
43%
43
43
36%
38%
37
373A
100
100
•26%
*100
100%
100
27
26
26%
*26
•83%
85
•111%
112
*82%*111%
•54
83 %
84%
*111%
112
15%
14%
54
15%
15%
54%
15%
54
*52%
100
26%
84 %
112
15%
55
25%
27%
*35
12%
35%
*82%
500
*53%
55
*54
17%
18
18
18%
20
200
18
40
Feb
16
31%
Apr
38%
NOV
Jan
20
163/s Feb
15
8%
Jan
16'A
Dec
15
Sep
Oct
37
Jan
55 %
Dec
5
25
Mar
39
Aug
Jan
3
2
27
Jan
38
Dec
106% Jan
4
Jan
30
107
Dec
107
Deo
7% Jan
6
.
37
100
109
26,500
Jan
3
53% Jan
2
15'A Jan
19
68
1
2
10
2% Jan
23
47% Mar
1
Jan
30
113% Jan
5
19
111
Jan
19
110% Jan
13
111% Mar
l3/4
4
Jan
110% Jan
100
100
Jan
43
111
3
100
2
>
46
Apr
Mar
Dec
Nov
112
Dec
'
2
9
Jan
30
6%
Jan
No par
4
115
Mar
2
93%
Jan
Corp—————10
22 % Jan
2
2
173/4
Feb
5 '/a Jan
22
—1
.
No par
30% Mar
8 % Feb
2'A
26
9%
Jun
23% July
6'A Dec
Jan
8%
Oct
111
24
% Mar
1
Jan
18%
Dec
Jan
3
42
Mar
1
29
Jan
39%
Jun
25 'A Jan
2
33
Feb
8
193/4
Sep
25
913/4 Feb
28
743/4 Apr
1113/4 May
117
Jan
114
119%
Sep
113
Aug
16% Jan 22
100
36
20
No par
10
Oct
88%
Oct
79% Jan
2
111'A Jan
5
114
Jan
19
No par
114% Jan
4
116-
Feb
8
No par
No par
108 % Feb
27
111'A.Jan
12
107%
Jan
47% Jan
12
553/4 Feb
28
41%
Apr
53% Nov
No par
41% Jan
5
Feb
21
35%
Jan
42
Oct
No par
preferred ser A
series B
preferred series C
Wheel Corp
Co
44
Nov
32% Jan
23
38% Mar
1
21%
Jan
35%
Dec
213AJan
50
No pur
5
—1
Essex
Brass
Dec
.113
Sep
7% Jan
&
Oct
114
108% May
107
Aug
1443/4
Oct
36%
105
109% Jan
preferred
Munsingwear Inc
Murphy Co (G C)
4%% preferred
Murray Corp of America
Myers (F E) & Bro
16.700
55
2
9
$7
600
55
Jan
35
Dec
37% Feb
Mullins Mfg Co class B
500
55
94
Dec
Mueller
220
16 %
100
Jan
2%
Morris
9,000
833/4
13
Jan
70
Dec
12%
112
Jan
82
10
19'A
12%
15'%
8
17
Oct
13
833%
27
98 % Feb
12%
12%
112
14 5/e Feb
102 % Feb
3
Jan
16
13
16%
13
12
94
19% Feb
Motor
84%
12'% Jan
98 •'% Jan
583A May
800
112
Oct
Dec
19% July
Apr
3,800
16
16% Aug
Jan
4,300
84%
7
46
35
*111%
20% Feb
Dec
116%
26
16
3
13%
2
28
84 %
17 % Jan
1043/4
111
12
26
112
Sep
Jan
35
15%
103
Mar
27%
*111%
Feb
24
19
58'A Jan
Montgomery Ward & Co
Morrell (John) & Co
11,180
27%
Apr
10
109% Jan
111% Jan
158
26%
*26%
97
28
137
35%
27%
20
14% Feb
8% July
28%
27
2
106% Feb
25
39
26%
27
28% Jan
4
13% Jan
28'A July
35%
27
25
104% Jan
Jan
$4
23,600
100
21% May
26% Jan
par
1
Sep
27%
100
553/4 July
283/4 Nov
Apr
26%
100
Mar
27%
27%
100
47
23%
35%
100
28
4 4 3/4 Mar
Motor Products Corp
100
60 Vb Feb
3
7%
660
55%
2
20
Mohawk
2,600
1093/4
109 %
Dec
Jan
1
Preferred
35%
109%
55
Oct
22
2
$4.50
*42%
109 %
55%
323/4
Feb
Mar
20
55
116
108%
54%
*115
Apr
14
9'/8 Mar
30
*55%
115
108%
54%
27
20
44
118
109%
118
109%
53%
.4
27
29% Mar
114%
55
118
*108%
54%
Apr
Feb
2
*115
*115
*115
109%
54%
112%
24
*114
*108%
118
•108%
Feb
De«
23
114%
553/4
•115
Jun
Jan
*114
118
Oct
21
110%
Jan
Mission
1,800
29%
24
29%
Jan
33% Jan
preferred series A
Carpet Mills
Monarch Mach Tool
Monsanto Chemical Co
8%
23%
Jan
16
54% Jan
Mo-Kan-Texas RR
8%
23%
Mar
193/4
35
82,100
8%
23%
106%
1
2
26
43,800
8%
23%
17
Dec
July
23% Feb
5
Petroleum
8%
8%
22%
44
34
.5
Steel Products
7,600
8%
11% July
Mar
1
50
;
30%
22%
8
Mar
32%
No par
preferred series C
4% preferred series D
Minn Moline Power Impl
$6.50 preferred.,
20
21%
4%
6
2
52
No par
No par
No par
1
4%%
15,800
115
293%
30
29%
29%
9
115
118
*115
lo
111%
8%
6
19% Jan
100
10
Minn-Honeywell Regulator
4% conv pfd series B
114
8%
9
2,300
*111%
*109
8%
3,100
114
*110%
8%
4,000
2%
463A
18%
111
110%
8%
18%
2%
46%
Nov
67%
8% cum 1st preferred
—100
Minneapolis & St Louis Ry—No par
Minn St P & SS M A vtc—No par
Class B vtcNo par
400
700
2%
Dec
176%
Feb
18
Copper
Midland
J
59
47%
*111%
Co
247/s
Mar
30% Jan 25
5
Co
V
Jun
52%
170
109%
No par
No
Mid-Continent
158
18%
22% Mar
111
Sep
29
10
No par
Miami
2,200
58
47
35 % Mar
25
Co
Machine
10,500
156
2%
2%
2%
46%
Jan
22
19% Jan
Mln Trans Co
&
16,300
.44
58%
18%
18%
18
2%
43%
156%
58%
29
27 % Jan
1
100
(The)
1st preferred
Co
conv
9%
9
29
43%
43%
111
110%
29
57
5%
293/4
9%
153
57
110% Jan
—
Metropolitan Edison 3.90% pfd
29%
29%
43%
152 %
'46%
8%
28%
43%
151
Mengel
2,600
*109
9
9
29%
42 % Feb
Melville Shoe Corp
15%
28%
10% Feb
preferred
33%
8%
4
15
series A
$5.50 pfd ser B w w
$6
57
2.9
8% Jan
40% Jan
5 %
16
8%
No par
No par
No par
1
Stores
McLellan
34%
28%
19
Mclntyre Porcupine Mines
McKesson & Robbins Inc
600
*109
20
Feb
preferred w w
conv
57%
41
Feb
70
193A May
16
184
26
McGraw-Hill Pub Co
*33%
109%
27 % Feb
12
62% Jan
—r
McGraw Elec Co
*57
40
23 % Jan
176% Jan
10
No
preferred
$6 1st cum
57%
*108
par
.—-—100
Wks
Alkali
preferred—---1;
34%
41%
Co
Department Stores
34%
109 %
6
Oct
32 % Feb
•56%
41 %
Jun
4
57%
•108
8'A
27% Jan
16
41%
Jan
1
Elec
Master
15%
•33%
6%
Dec
56
15%
20
51 % May
38 %
16
8% Feb
Apr
38%
16
2
37%
90
39
383/4
38%
.73A Jan
Dec
45% Mar
Mead Corp
39
Aug
6
50
98
4
403/4 Jan
1,100
*38%
Jan
par
8,200
*97%-
2%
No
Corp
14%
97%
14
Dec
preferred
McQuay-Norris Mfg.
102
*100'%
100
100
43/e Feb
12
20
20
.14
14%
14%
101
38%
39
*38
14%
14%
20%
20%
20 %
20
*100
101
2
Jan
100
95
39
39
110%
1'11%
3 % Jan
Dec
4%
4,300
*109%
243/4
10%
•
12% Feb
■}", $4 preferred
111%
16
Feb
2
4,500
*110%
Feb
18%
Masonite
107
110%
10%
2
10a/4 Jan
1,000
110%
19
No par
5%
143/4
Apr
153/s peb
263A Mar
31
Martin-Parry Corp
200
14%
6%
17
20
May
1.000
14%
8
Jan
Jan
9% Jan
253/4
1,800
14%
Jan
14
24
20
McCrory Stores Corp
27'A
Jun
21
115
*106
107
i63/4
Oct
Dec
391
Jan
Jan
.
26 3/4
27%
26%
*106
315
Dec"1
19
22%
Jan
McCall Corp—-—-—
14%
*100%
96
95%
107
jun
Apr
2,300
14%
14
14%
101
*59%
27%
27%
*106
Jan
143/4
16'A
No
Maytag Co
$3 preferred
59'A
14
2
13%
1,100
21%
27
12%
4,200
34
Feb
3
26
183/4 Jan
pfd
Co
%
21 %
19
22% Jan
387A May
108'A
27% Mar
1%
14%
19%
19%
14
*100
101
27%
60
1
16% Feb
!
Jun
21% Mar
Mathieson
59%
22
104
19
May
*33%
33%
33%
*21
1
22
1,400
*112%
115
*112%
60 %
59
59
107
110%
111%
*19%
14%
14%
•100%
22 %
14%
14%
14%
•
34
21%
*106
107
*106
115
33%
27%
27%
27%
27%
107
*112%
28
Mar
22
3,900
22%
Dec
x263/4 Aug
343/8 Feb
110
22
24
18% Feb
.
prior
L)
3i %
22%
22%
22 %
22%
22%
59
59
59
59
27%
•106
99
Nov
48
16% Jan
10
34%
Dec
148
Jan
18'A Jan
*111
35%
30
Feb
21% Jan
Ry 6%
42%
9%
42%
34%.
115
34
*21%
10%
42%
*111
34
33%
34
*112%
115
•112%
9%
42%
10
42'%
42%
*111
*111
•111
32
69%
69%
69 %
69
69%
Apr
34%
15
1
185
*182
185
31'A Jan
106% Jan
I
5
100
Corp__
Field & Co
(Glenn
69%
26 %
26%
26%
*182
9%
10
;
25%
135
55% Feb
par
Martin
700
69%
9%
42%
42%
42%
•111
43%
32
*182
68%
69%
10%
10
43%
32
26 %
25%
69
•68
43%
32
*182
183
*182
182
26
25%
26%
26
•181
43%
45%
2
par
—
Maracaibo Oil Exploration
4%
20%
25
-
No
8 %
33
148% Feb 13
16
5
Co
8%
8%
Co
Bros
Manhattan Shirt
'4%
:
8%
Garden-
Mahoning
10
'93/4'
10
15%
-
Magma
6,400
500
*400
500
Madison Square
400
par
Jan
473A Jan
No per
1
1Q0
No par
10
50
1
Co Inc
pfd series A
4%%
100
111
*18%
xl9%
15
9%
3,200
*109%
No
Trucks Inc.
53%
-•
19
*18%
*400
500
34
147
——100
——
3
28% Jan
10
Forbes
&
preferred-.
4 %
4
4%
'
26
*25%
25%
25%
18%
,
110
110
110
*109
*400
500
*400
34%
18%
9%
4%
*4
'
•14%
25%
25%
19
19%
500
•400
9%
15%'
•14%
110
19
19
18%
500
"400
*109
109%
•108%
19
18%
54
34%
6%
.
.343/8
53.
53%
34%
.
152
*149
152
53%
33%
*108%
34%,
*33
152
*144
152
*144
152
34
*32%
20
26% Feb
15
15%
Jan
247/8
Jun
28 % Mar
25%
Dec
333/4
Dec
10%
Oct
Jan
23
1
16%
Jan
31% Jan
6
36
Feb
15
26%
Apr
9'/a Jan
6
13% Feb
19
97% Jan
3
Feb
19
72
Jan
27% Feb
17
20
Aug
16
70
May
4
110
Nov
24
1
No par
No par
No par
100
10
No par
22
101
Jan
X82% Feb
15
86
110% Feb
1
115
Jan
Jan
4% Jan
.
100
Oct
24% July
84
Nov
116%
Feb
16% Feb
6
8"%
Jan
143/8
Aug
Mar
2
43%
Jan
53%
Oct
13
Jan
5
53
Jan
5
15% Jan
20
18% Feb
11%
Apr
353/8 Jan
23
42
28
Jan
413/4
Dec
20 % Jan
2
24 % Feb
13%
Jan
20%
Dec
Jan
10
19'A Jan
18
Dec
19%
Dec
9
Jan
13 % July
13% July
55
N
X173/4
Nash-Kelvinator Corp
17 %
173A
17%
17%
17%
17%
37%
38 %
38%
38%
38
383%
39%
40
39%
40%
Nashville
39
1;090
39
23%
23%
23%
23%
23%
23%
23%
24
23%
3,000
National
23%
24
23%
17%
17%
17%
17%
17%
17%
17%
17%
17%
National Airlines
17%
2,400
*17%
17%
11
11%
11%
11%
11%
11%
11%
11%
11%
11%
Nat Automotive
11%
5,200
11%
13%
13%
13%
13 %
13 %
12%
13%
13
13
13%
13%
1,100
13'A
14%
14%
14%
14%
15
15
15%
15%
15%
15%
15%
25%
25%
25%
25%
25%
24%
25 %
25
25%
25
25%
182%
182%
184
*182%
184
186
182%
22%
23
22%
22%
22%
22%
22%
22%
1434
14%
14%
14%
14.%
14%
14¥4
153/8
15
15%
14%
35
34%
34%
34%
34%
34%
35
34
34%
14
14%
14
14%
14
14%
14
14%
13%
14%
28 %
28%
28%
28%
23%
*12%
*34%
24
24%
*12
12%
*12%
—
—
13%
14%
14 3%
14,
14%
3,800
National Cylinder
28%
28%
28%
9,706
Nat Dairy
24%
24%
25%
25%
26%
25%
26%
25%
26 %
12%
*12%
12%
*12
12%
*12
12%
*12%
39%
39
39%
39%
40
39
15%
15%
15%
15%
15%
15%
104%
15
104%
103%
26%
26%
26
26%
179%
179
179%
17%
17%
*17-
26%
25%
36%
25%
*36
*35%
70
••
12%
15%
15 '
104
104
26%
26%
t
104
104%
27
15%
263/4
27
26%
179%
180
180
180
180
155
155
155
155
*155
157
*17%
17%.
17%
26 %
26%
36
26%
263/4
36
36
9
9%
70%
9
70%
*36
9
9%
71%
70%
18%
17%
26%
26%
26 %
36%
36%
9%
%
9
3; 600
300
71%
18%
18%
15,100
18
17%
18
17%
18%
18%
18%
31%
32%
32
99%
98
99%
97%
97'A
101
101%
*100
14%
14%
12%
12%
34
34
*33%
12
16%
16%
16%
16%
X'34%
35
*105
108
Dec
No par
10
No par
1
20% Jan
23
23
Feb
24
18
Feb
21
Dec
13% Jan
2
15% Feb
20
Jan
17%
Apr
32% Jan
3
353A Feb
20
26
Apr
34
Dec
13% Jan
20
143/4 Jan
3
XlO
Sep
233/4 Aug
1
No par
No par
10
13
Jan
4
14% Feb
16
xl 1%
Feb
14%
24% Jan
2
29
3/8 Feb
19
19%
Jan
253/4
213/4 Jan
22
26% Feb
28
13'A
Jan
243/4
Jan
4
12% Mar
2
113/4
Jan
12
35% Jan
37% May
ANo par
No par
22
39% Feb
16
30%
Feb
37
Jan
2
41 % Feb
16
26
Jan
1
13
Jan
4
16% Feb
19
9
Feb
No par
102
Jan
5
Feb
17
10
24
Jan
2
12,800
23
Jun
33
Jan
4
37
Feb
15
28%
Apr
34
Jun
7% Jan
2
9% Feb
1
53A
Feb
25
68% Jan
22
72% Jan
11
57%
Feb
70
Jan
6
18% Feb
28
11%
Feb
173/4 July
Steel Corp
4,900
34%
700
75
*108
110
*108
110
108
*107
108
*107%
109
*72
72%
72 3/4
*72
75
*103
no
*108
110
*106%
109
*106%
109
National Tea Co
100
Co
Neisner Bros Inc
;/
43A%
conv
155
15
73/4
Dec
July
No par
No pai
1
28
243/4
Nov
15
99% Feb
28
79%
Feb
95
17
101% Mar
2
83%
Jan
98%
Dec
10% Jan
3
173/B Mar
2
5%
Jan
ll3/4
Nov
10% Jan
3
13%
Jan
20
30
Jan
22
27% Jan
2
Newberry Co
103
Feb
6
66
serial preferred—100
(J J)
5 % preferred series A_
New Jersey Pr & Lt Co 4%
32% Feb
92% Jan
97% Jan
16
Nehl Corp
34%
*72
Dec
Apr
35
•
Dec
159
173/8
35
108
181
20
6,500
*105
Feb
27% Feb
17%
108
Jan
164
2
12%
*105
19
10
4
17%
108
Jun
19
Jan
Jan
12%
108
Dec
25%
27% Feb
21
17%
/
Dec
14% July
16% Jan
12%
*105
37
1043/4
22% July
17%
35
Jan
Dec
Dec
Mar
Dec
12%
34%
106
87%
Dec
Jan
173/a
34%
12
8'A
16
12%
110
181
141
16%
*107
1003.
Mar
5
12%
•108
page
165
3
12%
110
see
26
Feb
46%
108
footnotes
17%
Dec
Feb
10
$2 conv
40
5%% prior conv preferred——10
6% prior preferred
100
-240
16%
Dec
184
Jan
Natomas
v-
157/8
243/4
20
5
18
15%
■16
20% May
25% Feb
Jan
182
159
15%
•107
For
101%
Jan
5
15
1108
—
101%
9%
28
15
*105
•72
101%
.
Feb
101
108
*72
*101
5
2
10% Nov
14
15 % Jan
177% Jan
101
-
14%
12%
12
16%
101-
15
14%
101
13% Feb
24
23% Jan
10
100
(The) Pa
preferred
«•»' 860
98%
99
98%
98 %
98%
99 %
98%
12
13% Jan
National Supply
4,200
32
31%
31%
32%
31%
31%
31%
31%
31%
Feb
12
2
11% Jan
17% July
181
National
4,000
18%
9% Jan
Feb
preferred A
—100
preferred B—
100
National Linen Service Corp
1
Nat Mall & St'l Cast Co
No par
National Oil Products Co
4
National Power & Lt
No par
31,700
X70%
preferred
Lead Co
17
7%
300
71%
Products
Stamning
5
100
1
1
1
10
5
6%
30
363/4
8
National
380
•
17%
17%
$4.50 conv
230
6,600
180
157
called
Nat Enam &
National Gypsum Co
15,500
104%
179%
17%
preferred
Nat Distillers
700.
39%
39%
39
-
104
6%
100
12.800
Preferred
38%
26%
70
9%
9
69%
69%
G734
101
158%
*156
9%
9
26
179%
*155-
104
■•
13,000
39%
12'/a
Gits Co
Products
National Dept Stores
*12%
*12%
*12%
:178'A
69%
Register
Cash
14%
39%
26%
National Container
28%
39%
36%
Nat
5.500
14%
40
26%
3,700
14
28%
40
*35%
34%
133/4
28%
39%
17%
33%
14
38%
155%
6,800
14%
38%
*17%
15%
National Can Corp
28%
38%
155%
Share Corp
&
Nat
14%
38 34
105
Bond
1,100
22%
22%
28%
*12%
15%
15%
105
preferred
14
41
*40
Aviation
14%
38%
38%
105
23%
*22%
7%
200
185
*182
185
*182
—
Corp
National Biscuit Co
10,000
184
Louis
Fibres Inc
preferred
conv
National
2,800
14'J4
25%
6%
Chatt & St.
Acme Co
Jan
4
Feb
24
9
Mar
30% Mar
Dec
11% July
18% July
17% Jan
3
13%
Jan
35
Feb
28
22
Jan
32%
107
Feb
16
96%
Jan
105%
72% Mar
1
56
Jan
68
Nov
Jan
26
106%
Dec
110
Jan
Feb
19
104
Dec
106
Dec
100
107% Jan
10
110
pfd_100
105% Jan
4
108
Dec
Oct
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK STOCK
PRICES
Wednesday
RECORD
STOCKS
LOW AND HIGH SALE
Monday
T-«day
Feb. 26
Feb. 27
Saturday
Feb. 84
t
per
f per
snare
37%
37%
36
20%
17%
20%
17%
20%
♦109'A
109%
48%
48%
37%
39%
39
39%
38%
38%
Jan
22
39% Feb
28
27%
Apr
35
Dec
21
21%
20%
21%
20%
20%
6,700
5.200
Newmont Mining Corp.
21V*
3
18% Jan
25
22% Feb
15
16'A
Apr
22
July
17%
17%
18
17%
18
17%
18%
6,200
16% Jan
22
18% Jan
11
13
Jan
187%
109%
♦109%
109%
*109%
109%
109%
109%
109%
109%
200
Newport News Ship & Dry Dock
1
$5 conv pi eferred
No par
Jan
9
109% Mar
1
97
Jan
48'A
48%
48%
48%
48%
49%
49%
49%
50'A
1,900
45% Jan
22
51% Feb
15
35%
Apr
24%
f 24%
267A Jan
11
15%
Jan
43% Mar
1
19%
Jan
1
62
Jan
'
23%
23%
37%
37
110
112
*36%
36%
36%
22
22
•21
*43
45%
.; *43
25
24%
37%
39%
40
113%
37%
113%,
114%
115
22
42%
7,500
119%
New
York
6,500
*43
37
1,300
22%
*21%
22%
-100
New
45%
*43%
45 »A
37
37%
165
*160
165
*162%
165
*162%
165
165
165
"*20
N Y
*90
91
91
91
91
91
*90%
92
91
91
140
N Y Lack & W
21%
21%
21%
22%
21%
22
5,500
44
44
44
222
223
123%
21%
21%
21%
21%
21%
44
44
44
43
43
227%
228
223
226
221
223
221
123
123
123
123
*123
124
*123
*43%
222%
124
•123
N
22%
22%
23
x223A
23
57
*56
57%
*56
57%
*56
57
56 J/2
*54"%
56
54%
54%
54%
55%
1,100
10%
11
11%
11%
11
11%
49,000
54%
54%
55
55%
10%
10%
10
10%
10%
107%
107%
21%
20%
115
115%
*14%
•51
14%
21%
22
115%
21%
116
34%
34%
35
35%
Vl
116'/«
220
35 J/2
1,900
35%
50%
50%
*50%
51
51
51
7%
8%
*51'A
52
14%
*110%
112%
14
14%
8%
8%
7%
8%
116
35
*50»/2
51%
8%
51J/2
14 »/2
141/2
14%
14%
14%
14%
14%
112%
*110%
112%
*111'A
120
8%
52
56,400
51
*51%
8%
52
*51%
52
116
20
-
22%
116%
*115%
34
115%
38,300
21%
23
51
8 /,/
8
52
*107%
*107%
*107%
21%
22%
*56
34%
115
34
*50%
51
21
21%
115
34%
10%
*107%
*107%
21
22%
22%
3,300
70
,
700
6%
July
Jan
Dec
Jan
198%
Jun
30%
13
129
75
Oct
87
Dec
1
19% Jan
22
22% Jan
3
14%
Jan
23'A
Dec
5
100
37% Jan
20
44% Feb 21
33%
Jan
47%
219
Jan
2
236
Jan
8
193'A
Jan
218
Dec
100
121
Jan
8
124
Mar
2
116%
Jun
122%
Dec
23
Feb
28
Ry
pfd
American
10
19% Jan
53% Jan
6
58% Feb 23
52
Jan
56
Oct
53% Jan
16
55 % Mar
2
51%
Jun
54%
Dec
1
9 % Jan
20
11% Mar
1
7%
Jun
11%
50
100
105% Jan
9
107% Feb
24
17% Jan
31
Mar
1
pfdJVo par
113% Jan
16
Aviation
Northern Central
Sep
50
50
preferred series
preferred series
Ry Co
Northern Pacific Ry
Northern States Pow $5
2
23
9
116% Feb
Jan
22
35'A Mar
49% Feb
9
No par
6% Jan
2
50
50% Jan
4
54
2.50
127/a Jan
3
14% Feb
100
Airlines
107% Jan
12
No
Telegraph
30
par
50
Norwalk Tire & Rubber
Preferred
Dec
18 %
44%
27
non-cum
Northwestern
293A
Jan
10
Feb
Western
Northwest
Jan
11%
Feb
Jan
53A%
North
24%
14
47
91
North American Co
200
56
22%
8
22% Feb
169
Norfolk
21%
39% Jan
2
20
4
730
57
2
Jan
17
8
124
58%
Dec
Jan
225%
22%
Dec
Dec
Feb
123%
22%
23%
35%
118
86
223
&
Mar
163
300
Adjust
120
Aug
-50
Co
Y
70
23
Dec
Dec
50%
Ry Co ctfs of dep—
& Harlem RR
43%
*42%
22
28% Jan
par
No par
Si.lpbldg Corp part stk
Noblitt-Sparks Industries
*57%
*54%
No
22
Jan
109
41% Jan
No par
Dock
York
217/b Jan
32
103% Jan
100
$5 non-cum preferred
1
par
100
preferred series A
City Omnibus Corp
N Y
*21fA
36%
No
Central
109
par
6%
*43%
37%
No
Brake
Air
N Y Chic & St. Louis Co
45%
*22
45%
111,000
41%
118%
York
22%
37%
37%
*■■■
25%
24%
25%
43%
120
New
33
10
Newport Industries
•160
8
Highest
t per share
38%
23%
45%
*51%
I per share
20%
17%
91
34%
I per share
1944
Lowest
37%
165
*50%
Highest
f per share
Par
*89
*43
Year
Range Since January 1
Lowest
Shares
per share
*160
21%
Rallge for Previous
STOCK
EXCHANGE
20%
36%
22%
*43
NEW YORK
37%
111
36%
36%
t
f per share
for
47%
37%
113
the Week
*109%
113
*20
Sales
Mar. 2
Mar. 1
jr per snare
per snare
Friday
Thursday
Feb. 28
17% *17%
23%
23%
37
s
snare
Monday, March 5, 1945
——
Norwich Pharmacal Co
52
Jan
8% Feb
Jan
15%
19%
Jan
Dec
Oct
Dec
106
100
Jan
xl3%
Jan
22%
Dec
Jari
1153A
Apr
1
17%
Jan
317%
Dec
11
37%
Feb
50%
112
Dec
6
4%
Jan
7
10
40%
Jan
53
Oct
19
12% May
16
Jan
109
Dec
July
O
113
*111
*110%
112
♦111%
19%
19%
19 Va
19%
19%
19%
197/«
20'A
20
20'A
19%
20
28 %
28%
28%
28%
29'A
29%
29'A
28%
29
112%
112%
112%
147/8
147/a
15%
28%
28%
28
112%
112%
*111
14%
14%
14%
114
114
*113
113%
113%
*157/8
16%
157/8
16
27%
27%
26%
27%
*155%
Ohio
*155%
157
*23
76
*74 Va
157/8
15%
115%
115
115
•157/e
157
16%
16%
17
277/8
27%
27%
27%
*155%
157
*155%
157
24
*23
24
76
74%
74%
*74%
75%
65
65%
65%
15
15
15
24
24
24
*74%
113
112
*23
66%
66%
66
66'A
15
15
15
.151/8
**112
15%
115
*167/«
27%
157
24
113%
*112
115
6,200
113%
150
16%
32,900
157A
16%
28,900
114%
Oil Co
4.40%
Co
Feb
19
104%
Nov
par
17 % Jan
22
20 % Feb
28
15%
Sep
—No par
convertible preferred—100
24% Jan
24
29% Feb
16
23% Nov
Feb
28
No
4%%
27%
157
16 'A
16'/a
1,200
8% conv preferred A
Oppenheim Collins
27%
4,400
Otis Elevator-
158
24
158
*23%
20
,
6%
200
24%
16% Mar
2
76
76
20
66
65%
66
65
65
2,500
Owens-Illlnols
15
15
15%
15
15%
2,400
14%
13%
13%
1,320
Pacific
47%
170
Oct
113A July
Apr
108
Dec
99% Aug
8% Jan
16
18
Apr
2
147
May
64
Jan
75%
Dec
55%
Feb
64
Jun
107/8
Jan
2
Jan
26
158
24
Feb
76
Jan
3
16
17
Mar
14%
Dec
24% Aug
157
Sep
19
74
Feb
30
7
58
Jan
2
67% Feb
15% Mar
2
14% Feb
14
Pacific Amer Fisheries line
Co
Oct
108%
Dec
8%
28
28
22
Jan
par
No
Co——
28%
Feb
4
Jan
12.50
75
105
20% Mar
28% Feb
115% Feb
Jan
155
2.50
*74%
Glass
113
2
Jan
22'A Jan
too
Outboard Marine & Mfg
111
3
11'A
107
13%
23'A
No par
preferred
Outlet
106% Jan
_8
100
10
(The)
27%
*
17
pfd
Oliver Corp.
Omnibus Corp
300
115
Edison
unio
112
P
13%
47
13%
46
14
14
.
*
46%
*45
13 %
13%
13%
14%
14
46'%
46%
47%
47%
47%
26
*46%
1st
25%
25
25%
24%
25
25
26%
26
257/8
36%
36%
36%
36%
36%
37
36%
37
37
37%
37
37%
6,800
Pacific
49%
49%
49%
50 i/s
5OV4
50%
50%
50%
51
50%
50%
1,700
Pacific Lighting
*41%
42%
41%
41%
41%
41 'A
41%
42
42%
42%
42%
1,700
Pacific
128%
*1271/2
128
160
Pacific
164%
*163%
164%
128
*163%
164'A
20%
21
128
128
128
128%
128%
128%
128%
164'A
164%
164%
164%
165
165%
6%
20%
6%
21 %
7
6%
21%
21%
21%
6%
21%
6%
Gas
170
67/8
8,900
52,800
Oil Corp
Packard Motor Car
Pan
6%
6%
6%
18%
18%
18%
18%
18%
18%
18%
18%
15%
15%
15%
15%
15%
15%
15%
16
15%
17
7
6%
7
6%
7
Apr
Jan
25%
Dec
27% Feb
16
2
37% Mar
2
30
Jan
35%
51
Mar
1
39%
Jan
48
Dec
8
44% Jan
18
25'A
Jan
42%
Dec
121% Jan
160% Jan
6% Jan
3
128'A Mar
1
1171/2
Apr
123'A
Dec
3
4
165'A Mar
2
149
Jan
163
7% Jan
17
4%
Jan
16'A Jan
5% Jan
3
2
22 % Feb
9
12%
Feb
7% Feb
6
3%
32% Jan 24
17% Feb 26
36% Feb
24
28'A
13% Jan
17
Pacific Tin Consol'd Corp
1,700
6%
Sep
13
48%
Jan
17%
147/a
Jan
Sep
8%
39
3
par
100
100
21 1/8
18%
5
34'A Jan
Telep & Teieg
165'A
6%
6%
Jan
2
Jan 24
Jan
48
Jan
41'A Jan
No
Mills
preferred
1
10
Western
Pacific
46
24
51
25
Corp
6%
36%
2
20
No par
Electric
&
21%
7
21%
17%
6%
35%
2nd
800
13,000
7
6%
••■7
6%
*127%
X42
26
13'A Jan
11'A Jan
preferred non-cum
No par
preferred non-cum—No par
49%
24%
0
10
Co
Coast
No
par
Dec
Sep
7% July
17%
Dec
Jan
6 %
AUg
Apr
36%
Dec
'
16
15%
59%
5%
*60%
-
58V2
59%
58%
111%
*110%
111%
111%
111%
111%
110%
5%
4%
5%
5%
5%
5%
*60%
61,
61
*60%
59%
111
5%
61
61
61
*109
*109
30
29%
30
29%
30%
*34%
2%
35
34%
371/8
37%
38%
2%
2%
2%
2%
2%
"30%
31%
30%
31%
31%
31%
31%
27%
25%
261/4
26%
26%
27%
8%
'8%
9%
9%
19%
201/s
20%
19%
20
20%
*63
110
25%
*14%
5%
64%
*22
*62%
24%
25
14%
51/8
5%
110
*14%
15
109%
5%
14%
5%
641/2
64%
*22
65%
27%
*112%
36
38%
•;
36%
38
36%
38%
33%
34 '.
34
71%
72
72
72J%
17%
17
17
24
■.
60%
62
Panhandle
5,200
111%
130
5%
12,900
5%
62
62
5.60%
500
Paraffine
66%
*22
36
*37%
Paramount
38%
39
38
40
16,000
Park
Park
•
27/8
13,800
31%
31%
31%
31%
31%
5,600
Parke
27%
27
27 'c '
27
27
2,300
Parker Rust Proof
9
9
2,000
Parmelee
9%<
20%
64
9%
9%
20%
20%
109%
109%
110%
25%
25%
25%
25%
14%
14%
14%
5%
5%
5% 1
67%
67%
24
24
*112%
X63
20%
20%
63 %
63%
500
110%
5,356
Penney
25%
25%
25%
4,800
Penn-Central
14%
14%
14%
14%
1,400
Penn
5%
5%
5%
5 %
6,300
Penn-Dixie
66'A
1,600
66
•22
66%
66
24
*21%
*112%
24
36%
36%
36%
37%
36%
37%
38
38
38
38%
38%
38%
39
1,300
34%
34%
72%
73%
*17%
181/4
*17%
24'A
24%
24'A
20,200
34%
1,000
74
1,700
18%
600
77'A
77
76%
24%
77'A
28%
*27%
24%
24%
24%
24%
24%
31,000
106%
*106%
109
11%
11%
72%
*70%
20
78%
77
82
81%
86
29
*106%
*28%
29
*28%
29
109
*106%
109
*106%
9%
8,000
11%
11%
11%
11%'
11%
11%
11%
1,600
Pfeiffer
71%
73%
72
72%
72
72
1,200
Pfizer
29%
29
29%
28%
29%
27,100
62%
63
62%
627/b
1,100
109%
9%
9%
28 %
28
28'A
28%
61%
61%
62
62
109
9%
9%
109
X109
62%
109
109
108%
109
24%
25
24%
25
24%
25
24%
25
24%
27
27
26%
27
27
27
26 7/8
26%
27
*119
120
130
*119%
36
36
35%
35%
97 %
97%
97
97%
108%
108%
108%
16%
16%
*16%
130
*119%
9%
9%
*119%
130
2,100
$1
4.4%
108 '/a
1081/2
108%
108 7/8
1087%
109%
109%
3,900
17%
16%
16%
*16 J/4
17%
17%
17%
800
Philip Morris & Co Ltd
4% preferred
Phillips Jones Corp
7% preferred
Phillips Petroleum
50%
*12%
27%
27%
271/2
27%
27%
108%
*107%
108%
*107%
108%
135
♦116
135
*116
135
7
7
6%
7
6%
83%
120%
51%
13
*118
50%
*12
120%
♦118
52
120%
J
51%
127/a
40
52
*12
83
*27%
28%
*27%
29
28%
1081/2
1081/2
*107%
109
*107%
109
135
*116
135
*116
135
*116
6%
7
7%
7%
7%
7%
28%
:
500
-
:•
:
7 ViJ"'-
18
85%
92
91
94
89%
92%
6,600
10%
10%
10%
10
10 '/a
3,900
Pitts
88%
88%
89%
90%
90%
90%
17%
18
18%
18%
18%
*194%
8% ■/. 8%
8%
'.!■■■
18 K:.
198
*178
*194%
*194%
92
*
18%
8%
8%
10
10%
»97
IOI1/2
*97
101%
*97
10%
10%
8%
10%
101%
8%
10%
*97
9
8%
10%
10
IOIV2
*97
•
:
8'/a
10%
54
53
53'A
53
53%
54
55
54%
55%
54%
55%
68
68
68
68
68%
68%
70%
71
72
71%
72
27
28%
27%
28%
29%
30%
30%
32
31%
32'A
30%
31%
16%
16%
*84
*178%
*178%
16%
16%
17%
16%
*83
24,200
11,000
1,130
560
17,900
*178%
17
86
16%
*83
17
5,400
87
*83
19%
19%
19%
J9%
19%
20
20
*26%
27%
*26%
27%
27
27
27
27
15%
15%
151/4
15%
15%
16
16%
16%
16%
16%
16
16%
19%
19%
18%
191/4
19%
19%
19%
20%
20%
20%
19%
20%
20%
*19%
20%
62
*59
*57
57
60%
57
■
60%
60%
118%
19%
117
19%
19
20
*19%
57
58
60%
118
eo
118%
19'A
19%
20
58%
60%
118%
86
20%
:
*26%
*20
59
60%
*117
28
20%
60
60%
119
20
27
*20
*59%
60%
*117%
:
197/a
20%
27
60%
119
-
86
j. 6,500
500
-
3,800
19,500
5%
600
5%
60%
3,900
Procter
117%
/ 290
5%
34,800
x19%
19%
19%
19%
19%
197/a
1031/a
103'A
.103%
103%
103%
1037/s
580
108%
107%
1081/2
108%
108%
108
108'A
1,120
114%
114
114
114%
115
114%
115
114%
115%
1,160
7%
124%
126
125
1257/a
124%
125
125
125
500
8%
see
page
1003.
110% Mar
257/s Mar
33%
Dec
16
Mar
18%
112
Dec
Jan
38
10
40
Jan
29
34% Feb
27
21%
Jan
32
Dec
Feb
19
55
Jan,
70%
Dec
19% Feb
13
5%
Jan
17%
Jan
2
22%
Dec
26'/a
Dec
27% Mar
1
10'A
Jan
19 7/a
Dec
100'A Mar
18
Jan
1
54%
Jan
96
Dec
33%
Jan
65%
Dec
77
6
26
19
2
9% Feb
28
2
11% Feb
24
1
75% Feb
13
23% Mar
Dec
28 % July
107% Nov
105 %
Oct
7
Sep
7%
Jan
10
40%
Apr
71
Dec
9'A
Jan
July
25
25
Jan
23
29% Mar
1
20 %
Feb
26%
Dec
50
57
Jan
25
63
Mar
1
49'A
Jun
59%
Dec
106% Jan
21'/a Jan
2
88'A
Jan
108%
Dec
19
May
23% May
217/s
Jan
26%
Oct
par
par
25
Jan
110
Jan
11
2
25% Mar
1
2
27
Feb
21
22
36% Feb
20
24"%
Jan
37
4
98% Feb
21
82
Feb
96
II %
Feb
16%
117
100
3
—
33 'A Jan
90
Jan
107% Feb
10
100
6
14% Jan 20
115
Jan 10
44% Jan
2
11
Jan
25
Jan
107'A Jan
No par
100
—
109% Mar
30
Apr
1197/8
Oct
July
Oct
2
177A Jan
'
119
-52
13
23
Jan
.
31
Mar
1
Feb
3
x98 ;
42%
9
jan
117
Sep
July
NOV
48% July
14% July
Apr *
—No par
pr
No par
100
100
100
pfd
—100
100
&
6%
July
Dec
28
8% Jan
2
5
61
~8%
92 %
Mar
1
2
10% Feb
19
7%
Apr
91% Feb
14
68%
Feb
9'A Jan
v
—
94
Feb
15
Feb
15
Feb
19
Jan
2
194
6-%
8%
102
52
Jan
4
2
3
103
Jan
Jan
68
Jan 20
Feb 20
21
Jan
2
-
90
Dec
Nor
9
11.%
Jan
17
Dec
164%
19
——-
190
\"
Dec
10% Nov
Jan
171
Mar
Apr
190
Aug
183
4%
6%
Jan
Apr
6% July
9% July
10% Mar
1
Jan
11
82
Sep
100'A
Dec
Sep
61%
Jan
58% Jan
3
45
74% Jan
5
! 32% Mar
1
57% May
11% Jan
175
—
8%
Nov
73
Dec
22% Aug
175
Nov
Jan
147/s
Oct
May
83%
Nov
12% Jan
74'A Jan
19
17% Feb 23
17
87% Feb
5
17% Jan
2
No
par
24 % Jan
No
par
12'A Jan
8
16% Feb
15
8%
Apr
13%
Dec
1
16% Jan
22
20% Feb
28
11%
Apr
18%
Dec
5
17% Jan 30
19% Feb
14
11% May
18%
Dec
1
Pocahontas
:
Co Inc
1st preferred
2d preferred
Gamble
50
No
par
(ser of Feb 1 '29%—100
Pub Serv Corp of N J
$5
28
108
2
108'A Feb
100
(The)
Steel Car
pfd
Feb
28% Mar
3
85% Jan 15
15% Jan 31
100
.
"23%
105% Nov
2
—
6% Feb 27
82
Feb 26
100
Chemical Co—No par
ser conv
Co.
conv
59%
104
For footnotes
1st
conv
117%
103%
i
x70% Nov
10
15
Jan
25
Poor & Co class B
107%
•>..
&
Creek
Pond
Pressed
m
114
Dec
Aug
28
9'A Jan
65
Feb
Plymouth Oil Co
103%
las%
Feb
5
Feb
4
No par
—
St Louis RR
preferred
Pittston
107%
114%
Dec
73% Jan
24
2
.5
Pittsburgh & West Va—
Pitts Young & Ash pfd
103%
19%
C &
Coke
5%%
108%
125%
Dec
Nov
17% July
Jan
Jan
377/8
"
24%
9 Vb
28
No par
100
Pittsburgh Steel Co.
7% preferred class B
5% preferred class A
103%
124%
59%
113
Apr
2%
Jan
8
13%
8
Feb
63
Apr
20%
93% Feb
8
Mar
Hoslerv
Pitts Screw & Bolt
108%
114%
92% Jan
51%
Jun
8% July
Apr
112% Jan
3
14% Jan 23
23'A Jan 22
19% Jan
2
*
15%
Jan
29
Preferred
20%
61
*.
103
u,
30% Jan
Jan
69
31% Aug
Jan
5% Feb
86
preferred
No par
Pittsburgh Forgings Co
.1
Pitts Ft Wayne & Chic Ry—
-10Q
7% preferred.
_100
1,600
101%
68
87
Jan
14
16
112% Jan 15
33'A Jan
2
37% Feb 23
$5 conv
*194%
10%
*178%
150
*178
101 %
10%
*90%
*178
10
*178%
19
9
26'A Feb
14'A Jan 19
4
Jan
2
64% Jan 24
par
15
107
-
preferred
C
6%
10
*178
198
21% Jan
Feb
111% Feb
5
2
10
5
Pittsburgh Coal of Pa
7,000
10
*97
•117
$4
Pitts
85 »/8
9%
90%
59
2
Pillsbury Mills Inc
100
17%
10
*178
*19
Phoenix
/ 100
■
64
Jan
107% Jan
par
19
-
.
26,400
12%
11
4%
'
*27%
20
preferred
Corp
1,600
*118
20'A Jan
10
No par
98%
*107%
*19%
preference com
98
120%
15
Jan
No
com
98%
*118
9% Feb
26% Jan
106% Jan
No
Electric Co.
97%
12%
16
preferred
97
50%
*84
$6
Phila
97
109%
17%
7% Jan
4
18% Jan 22
5
No par
1
America
Brewing Co
& Co Inc
97%
109
18%
100
(Chas)
*96%
*17%
26%
28
100
Philco
12%
*17%
130
2
27% Feb
100
33J/3C
Phelps-Dodge
Corp
Philadelphia Co 6% preferred
13,500
27
Petroleum Corp of
320
25%
26%
31% Mar
5
No par
5.800
49%
*88 J/2
1097/a
25
27
1
217A Jan
100
100
36%
12%
9%
*119%
109%
25%
29 'A Feb
10
5
100
Ry Co
36%
49%
82
130
108%
Eastern
36%
48J/2
V
Jan
,
par
No par
No
35%
■:». *11%
86%
23%
36%
49%
16%
Apr
Feb
36
*116
16%
Apr
Jan
2.50
36%
118
118
36
1
12%
•85.
1%
2nd preferred—
71%
27%
•178%
2% Jan
3
preferred
9%
61%
*53%
24
Mines—1
Milk Co
4%%
71%
28%.
*119
Pet
420
11%
62
109
5%
200
f
9%
28
-
2'A Jan
37% July
2% Dec
Marquette Ry Co
5% prior preferred
4,200
109
&
11'A
62
8%
Sep
Peoples G L & Coke (Chic)
72
9'/8
11%
*70%
8%
27
Pere
'
'
2
Pepsi-Cola Co new
77%
29
106%
*194
Mar
Peoples Drug Stores Inc
Peoria
1,000
18
Dec
40
50
18%
100
198
Dec
22
RR
34%
99%
'
103
32% Jan
Pennsylvania Salt Mfg Co_
73%
100%
18
109
114% July
5% Dec
July
100
18%
99%
•193
45
61
No par
74
99%
•178
1
30
No par
34%
99%
89%
Mar
109
Corp
17%
991/2
89%
62
Jan
preferred
73%
*98'A
10
16
Jan
Glass Sand
X34%
98%
84
Jan
23%
Cement
17%
98%
*27%
&
34%
100%
9%
Jan
2%
2
Co
74%
*98%
83%
Sep
109'A
9
15
No par
Airlines Corp
1
Coke Corp
10
Pennsylvania
11,900
.
45%
24
5% Jan
Jan
No
34%
27
120%
19
111% Jan
31 % Mar
Co
74
26%
49%
60% Feb
2
26
56
par
$7 conv oref ser A
5%
36%
(J C)
Coal
Penn
100
*112%
27%
*12
3
Feb
17
Transportation
110%
25%
•118
Jan
47/a Feb
24
& Co
Davis
63
25%
/
49
19% July
51% Dec
277/8 Jan
Consolidated
Utah
111
24%
9%
~8% Feb
108'A Jan
Patino Mines & Enterprises
Penick & Ford—.
——No
14,400
24%
9%
2
ex-privilege—1
& Tilford Inc
2%
24%
78%
Mar
1
Pictures Inc
27/a
24%
28%
31
100
No
Inc
2%
23%
108
18% Feb 26
110
Line—No par
100
Ret.—-—-—1
&
2%
24 JA
*77
5
preferred
conv
25,000
*62%
67
4%
31%
24%
*27%
Cos
30%
64
27%
*109
24%
*106%
Transp
East Pipe
Prod.
30%
24%
■
&
preferred
Panhandle
30%
110
*1121/4
33%
*17
19%
24%
25%
27%
*37%
9
109%
*112%
36%'
64
*63
64
110
597/«
*110
5%
39
31%
9
61%
60%
111%
2%
Petrol
Pan-Amer
6,100
30%
38
*26%
*8%
5%
*109
29%
2%
59%
*110
53,300
5
Airways Corp
——•
•
*109
*109 '
59%
59
American
New
No par
preferred
preferred
No par
100
preferred
preferred
100
100
3
20
20% Feb 28
27
Feb
27
Feb
19
56% Feb
1
60% Feb
20
117
Feb
20
120% Jan
19
17
Jan
50% Jan
22
.60
69
16%
Sep
19% July
19%
Jan
25
35% May
52% May
116
13%
Mar
Jan
2
20'A Feb
102% Feb
16
106'A Jan
18
87%
Jan
106'A Jan
30
109% Jan
19
96
Jan
110
Jan
4
121'A Jan " 3
2
55%
May
Dec
59
July
121 1
July
18%
Dec
18% -Dec
109%
Oct
115% Feb
6
104%
Jan
113% Nov
Feb
13
113%
Jan
122%
127
Dec
Volume
NEW YORK STOCK
AND HIGH
LOW
Monday
Feb. 24
117%'
117%
117%
*115%
50 %
50%
50%
50%
18-/8-
18%
18%
18%
117%
19%
•
19%
per share
•
51%
•' 130
11,800
Pub Ser El & Gas
50%
19%
19 %
19%
46,000
Part)
ft--' ::'
113
*111%
113%
113 V8
113 Vb
♦112
114
*108%
109%
*108%
109 %
*108%
109«/8
*108%
26%
26%
26%
27
27
27
27
27
17%
17%
17%
17%
17%
17%
17%
17%
17%
17%
11%
12
11%
12%
12%
12%
12
12%
79%
79%
79%
80
80
80
80%
803/4
X793A
9%
9%
9%
9%
9%
*111%
113
•111%
103 %
*108%
110
oil
6%
100
conv
Purity Bakeries
1,400
Quaker
•
11V
113%
Jan 2o
52% Feb 19
19% Feb 23
114% Feb
108% Jan
27
Feb
112
Highest
I per share
share
per
118
Feb 21
107% Jan 6
23 % Jan
2
100
100
No par
preferred
preferred
Corp
&%
2,300
27
par
jo
t per share
share
47% Jan 22
17
Jan 24
No par
lThe>^
per
116% Jan
No par
pfd $5
Puuman Inc
109
26%
113
4108
t
Lowest
Highest
Lowest
1944
Year
Range Since January 1
r
/
Par
52
116% 117
;
f
Shares
19%
117%
Range for Previous
0
STOCK
YORK
EXCHANGE
51%
*116
26
c1113/4
26%
for
19%
50%
•
J
share
NEW
the Week
51%
117%
*115%
51
18%
-
$ per
share
S per
f per share
Sales
Mar. 2
Mar. 1
Feb. 28
50 %
*116%
STOCKS
Frida*
Thursday
Wednesday
Feb. 27
S per share
t per share
RECORD
SALE FRIGES
Tuesday
Feb. 26
Saturday "
1001
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
161
119%
Nov
Feb
37%
52% July
Sep
18-
Mar
109%
Jan
115%
Nov
103
Jan
108 %
Dec
Jan
24%
Oct
12% Jan
2
6
8
Jan
14%
16%
Aug
19%
Q
17%
.
.
&
11%
80
*
9%
9%
97%
9
98
97%
36%
35%
12%
80
97
97
97%
97 3A
97%
36%
36%
36aA .36%
900
18%
19
18
18%
18%
19
19
19%
19
19%
36
35%
35% »
353A
3534
35%
35%
36
36%
*35'A
23
23%
23 3A
23%
23%
24%
24
25%
44
44
44
44%
44%
40
40%
19%
18%
*35%
23%
23
43%
*42%
43 %
*42%
*42%
r
"
393/8
39%
39%
39%
*12%
12%
*12%
40
13%
*127%
129%
*125%
129 J/4
12%
123/4
40%
*
13
'12%
.
preferred
conv
$2
800
29,400
400
4%
non-cum
40%
1,200
4%
non-cum
•129%
129%
Real
900
13
12%
25
50
Silk
preferred
2nd preferred
Hosiery
*75
76
76
76
♦75%
76
76
80
79
79%
120
Rels
19%
19%
*19%
19%
19%
19%
*19%
193/4
19%
193A
193/4
19%
500
Reliable Stores Corp
25
26%
26%
102
25
25
25 &
25
24%
25
25
25
1,100
Reliance Mfg Co
26%
26%
26%
27
26%
27
26%
26%
6,600
Remington-Rand
102%
100
*100%
1023A
*100%
102%
23
22%
23%
23
21%
21%
21
21%
21%
17%
17%
17%
108%
15%
15%
103
102
18
18
18
17%
104
105
105
105
*104
108%
15%
104%
18
102 3A
102 3/4
100
18%
17%
18%
3,900
104%
200
105%
;
104%
105
105
18
18%
18%
18%
19
19%
19%
20%
20%
20%
20%
20%
8,800
33%
34
33%
33%
33%
34
33%
33%
33%
34%
34
34%
11,100
38
38%
38%
38%
38
38
38%
38%
*37%
383/a
18%
18%
18%
18%
18%
18%
18%
19
13
13 %
13
20%
20%
13 V8
20%
13%
13%
20%
*20%
20%
38%
19 S/8
4,100
Rheem
21
133/4
13%
21
18,900
13%
21%
13%
21
Rltter
22%
22%
*36%
*37
37%
*18%
19%
53%
*52§?
8
8%
22%
38
19
19
8
22%
37%
37%
18%
*52 33
8
22
8%
83%
8%
8 3/a
15,700
22%
22%
22 3/a
22 3/a
1,200
38
38
19%
,19%..
53%
*52 SI
53%
—
37%
38
37
373/4
1,400
20%"
19%
20
19%
19%
8,500
Rustless Iron & Steel Corp
-
85%
Jan
1073/4
37
Feb
3
28%
Jan
333/4
19% Feb
20
12%
Feb
18
28
Feb
343/4
Dec
1
36% Mar
Dec
Jan
Dec
July
Dec
Dec
27%
Jan
303/4
Dec
13% Jan
27
5%
Jan
13
Dec
17
129% Feb
14
82% Jan
Jan
25% Mar
40% Mar
90
Jan
2
50%
Jan
85'A
Dec
Feb
19
115/a
Feb
18
Nov
25% Feb
16
18
Feb
24
27
Feb
20
102
Jan
30
25 % Feb
19
20
5
14% Apr
x83% Mar
8%
Apr
.
155
Dec
Dec
233/4
Dec
99%
Nov
16
Aug
22% Mar
1
16
Apr
109% Mar
2
993A
Jun
105
Dec
87
Jan
102 Vb
Dec
108% Jan
18
Feb
19
104% Feb
6
16
63/4
12% July
63
Jan
88
Dec
16%
Dec
18% Feb
19
10
Jan
28
85%
Apr
8%
Jan
15% July
28
Jan
36
May
35% July
39% Nov
13
1
2
Jan 22
Jan
2
Jan
2
Jan 22
20% Feb
7
13% Feb
28
22% Feb
14
Jan
173/8
9
5%
9
■
Dec
Apr
173/4
19
Jan
i;
Oct
113/a July
Jan
-24% July
25
7
20% Feb
'19%
Feb
13
23
Feb
Jan
8%
1
8% Mar
22% Feb
53
<
;
Dec
2
34% Mar
39
100
15
20% Mar
39% Jan
6
213/a July
Jan
105% Feb
33% Jan 26
18 % Jan 22
51% Jan
2
J
No par
Jan
46
Jan
3
Jan 22
Jan
3
Jan
4
Jan
6
Jan
2
Jan
5
Jan
2
Jan
2
Jan
2
19% Jan
No pat
(The)
$2.50 conv preferred
"'t
■
Co
20
1
17%
10'A
16%
6%
Company
Ruberoid
Feb
* July
42 %
14%
31%
No par
Corp
99
12
80%
213/4
37% Mar
22%
700
'10% July
Jan
15%
No par
Roan Antelope Copper Mines.
Royal Typewriter.———1
*21
Apr
Jan
98
1
Co
Jari
7%
15%
87%
10
Mfg
Richfield Oil
Apr
69%
6
323/4
15'A
19%
104%
102 %
11%
Inc
preferred
prior pfd ser A
Common
150
19%
'
8%
22%
8
8
8
♦22%
13%
13%
*20
i
373/4
J
19%
19
conv
v
700
15%
102%
102
18%
Motors,
6%
83/4
1
9% Feb
12% Feb
1
99% Jan
Republic Steel Corp
9,800
15 %
153A
15%
102
105
107
233/a
1
25
with warrants
5
80% Mar
2
15
Jan 24
Jan
2
Jan 15
Jan 24
Jan
2
Jan 30
Feb 23
Jan 31
Jan 22
Jan
75
17
1
No par
100
6 % conv
100
Revere Copper & Brass
No par
5%% preferred
100 '
Reynolds Metals Co
—No par
5 % % conv preferred
100
Reynolds Spring
1
Reynolds (R J) Tob class B
10
100
107
Reo
37,400
1093/4
Preferred
7,300
22 %
109
*107
23%
22'A
109%
108%
109
107%
*101
103
*101
102
102
22%
15%
15%
15%
15%
15%
24%
22%
109
107%
107
107
107%
23%
•100%
1023/4
22%
21%
Xl09
•100%
23%
x23 %
21%
109
*108%
109%
*108%
*108%. 109 %
102 %
•100%
23%
22%
*107
Feb 16
18
118
100
No par
10
1st pfd
& Co
26%
25%
102
(Robt)
25
*24%
25
i
Jan 24
Jan
9
22% Jan
3
22% Jan 22
4
100
75
75
50
50
5
1st
Preferred
220
129%
100
Reading Company
25%
43%
78%
8%
91
34%
16%
34%
19%
43'A
36%
11%
No par
-1
preferred
433/4
*39
13 %
129%
4,800
36
-
Raybestos Manhattan
Rayonler Inc
243/4
/H
40 3A
40%
*13
129'A
•127
129 %
*126
6%
2,170
36%
preferred
Kadlo-Keith-Orp" mm
10% Jan
No par
No par
1
Corp of Amer
$3.50 conv 1st
1,000
25,600
9%
-
v
Radio
49,000
36%
36%
1
'
11%
.
96%
97%
36
-36%
9%
9%
93/8
97%
97%
36 V8
18
45% Jan 22
It
R
*
12%
80
Oil Ref Corp
State
Jan
34% July
Jun
14%
Jan
23
45
Jan
51% Apr
Feb
■
i
S
*45
43
43%
43
43%
43%
43%
43%
44%
44%
45
57%
57%
57%
57%
57%
57%
57%
57%
57%
57%
•113%
9%
9%
x9%
45%
46%
110 %
110%
110
43%
44
45%
44%
45%
45%
114%
9%
9%
10
9%
114%
114
114
115
*113
111
*110
*110
111
43
43
*111
113
*111
113
*109%
113
*107%
109
109
109
*108%
109
*111
114
*111
20%
20
20%
20%
9%
19%
19%
90 %
90%
90%
90%
113
*109%
109
X27%
8
102%
20%
114
20%
*111
109
27%
26%
800
8%
3,600
8,200
Bears Roebuck & Co
21%
20%
*111
112%
♦111
9%
10
9%
9%
9%
19%
21
21%
21%
21%
11,300
21
Sharon
*89
90%
90
90
10,300
90%
90
90
13%
13%
13%
13%
13%
13%
13%
14%
13%
*75%
78%
*75%
78%
*75%
78%
*75%
78%
*75%
78%
14%
14%
14%
xl4%
15
15
15
14%
14%
60
60
*60
62
*60
62
14%
-
14%
15
59%
59%
*59%
27%
27%
27%
27%
27%
28%
27%
28%
7%
7%
7%
7%
7%
7%
7%
7%
7%
7%
36%
36%
36%
36%
36%
36%
37%
61
*27%
28
:
•60
27%
7
36%
37
37
2,600
30
61
3,100
28
7%
17.000
36%
2,300
33%
500
16%
17
16%
17
16%
17%
17%
17%
17
17%
17
17%
54.800
50%
51%
49%
50%
50
51
51%
52
52
52%
51%
52%
6,600
17%
173/4
17%
173/4
17%
18
18%
18%
18%
18%
17%
*22%
18%
4,500
32
31%
32%
*32
32%
*31%
32%
32%
*33
33%
*32%
$5
390
14
90%
13%
78%
conv
No par
Slmonds Saw A Steel
22%
22%
50
70
77
743A
77
73
74%
74
76
67
70%
9,300
Smith (A O)
33
33
33
33%
33%
33%
33%
33%
33%
33%
1,100
Smith
33
16%
16%
16 3/a
163A
16 3/4
17
16%
17
16%
17
16%
17
23
*223A
23
5%
213A
213A
21%
43%
43%
43
43
*162
164
164
161
46,800
19,000
5%
5
5%
22'/a
22%
22
22%
6,500
Southeastern
44
43%
44%
43%
44
5,600
South Porto
*162%
163%
163%
*163%
165
120
29%
29%
30
2,700
Southern California
19%
18%
19%
8,200
Southern
162%
164
29%
293/8
29
5%
5
162%
30
28%
28%
18%
18%
18%
18 3/a
183/b
18%
18%
19%
41%
43
40 3/4
42
41%
43%
42%
43%
42%
43%
42%
43%
33,600
38
38
36%
37%
37%
38%
38%
39%
38%
39%
38%
39%
24,900
73%
733A
73%
74%
74%
743A
74%
75
74%
75%
75%
75%
8%
4,500
13%
*80
14
14
11%
7%
85
*34%
34%
343/4
3414
30
30%
29%
30
53%
53 %
58%
59
,
533/i
30%
30
303/s
9,300
(The)
Spleer Mfg Co
$3 conv preferred A
30%
30%
30%
*53%
533A
14%
14%
15
84%
85%
85
85%
41%
42%
40%
40%
114
*113
15%
x83
413%
114
53%
60%
153/B
15
54%
55%
*54
61
::
*60
60%
143/4
153/a
84
83%
83%
42%
43%
*115
61
61
62
•115
117
100
60
117
60
300
62
62
*112
114
*111%
113
*111
113
*111%
113
*111%
113
*112
114
*112
114
*112
114
31%
31%
J31%
114Vs
*113%
1143/4
*113%
1143/4
*1123A
3%
3%
3'A
3%
3%
3%
31%
*111%
112
32%
111
112
32%
323/8
114%
115
•111%
113%
32%
114%
*112
3%
33/4
4
79%
773A
78
78
78
77%
78
90%
91%
90%
90%
90
90%
90
90%
90%
41%
40%
41'A
41%
413A
41%
42
41%
373A
38
373A
38
59%
6018
59%
60
57%
57%
57%
57%
x56 %
133%
133%
132%
133
38
132%
603/«
60 3/4
57%
57
57%:
132 %
*132%
133%
1327s
11%
12
113/4
12
113A
11%
37%
37%
37%
38
38%
383A
65%
65%
65%
66
66%
67
173/4
173A
17%
17%
18
183/b
18
183/a
8,100
14%
14%
14%
14%
15
14%
15%
14%
15 %
28,500
19%
19%
193/s
19%
19%
19%
19%
19%
19%
2,200
133A
13%
133/4
18,000
Stone
243/s
21,500
Studebaker Corp
59'A
1,500
23%
23
23%
23%
59
59
59'A
59
♦126
Xll%
26%
26%
27%
27
27%
114
115
*114
28%
33%
•
34%
footnotes
34
*33%
*18%
19
*18%
34
see
34%
page
1003.
33%
114%
29%
•
7%
114%
30
34%
X33%
19
*18%
34%
24%
59
113A
26
24%
13%
127
26%
7
133/4
59
11%
6 3A
126%
17%
•
'126
59
26%
34%
For
•
1263/4
115
19%
59
128
6%
V-/6%
113A
11%
*126%
26%
34
22,000
11%
33%
24%
59%
127
24
59
127
127
90
7%
25,800
IPA
11%
113A
11%
113A
12,300
27
26%
27%
26%
26%
4,400
117%
1,200
7%
1143/4
31
V.. /
:7;'/7
7%
113%
L S
(The)
&
(The)
Class A pfd
Sunray Oil
Sunshine
(4%%
cum)
Corp
Mining
Co
Superheater Co (The)
Superior Oil of Calif
119
30%
31
29%
30%
9,800
Superior Steel Corp
33%
33%
1,000
Sutherland Paper Co
*34
34%
19
*18 3A
19
333/8
333A
*18%
33%
Sweets Co of Amer
19
33%
6,400
Swift & Co
par
par
(The)
5
31 %
Dec
Dec
Feb
16
Sep
42 3/a
Jan
16
Apr
18%
Jan
18
26
28
22
Jan
23%
Jun
Feb
54%
Dec
23
Apr
31 'A
Dec
Feb 21
12
Jan
14% July
Jan
5% July
21% Dec
29%
3%
20%
137
9% Jan 22
35% Jan 20
x67% Feb 14
Jan 22
18% Feb 14
15% Mar 1
19% Mar 2
2
18V8Jan
2
-
Feb 14
38% Mar 2
2
62% Jan
1
Feb 13
10% Jan 24
18% Jan
2
57% Jan
4
122% Jan 11
6 % Jan
2
10% Jan
2
x23%Jan
4
Jan
3
Jan 22
79
25
33% Feb 15
17% Jan
2
31% Jan
2
14
Feb 20
24"% Mar 1
59% Feb 13
127
Jan 4
Jan
34%
Dec
Jan
69
Dec
Jan
82%
Dec
Nov
13'A
Dec
Jan
Oct
7% Aug
Jan
9
Jun
Feb
75
Dec
May
35
Dec
5%
22% May
36'A Jan
29% Nov
56%
Jan
62
Dec
Jan
13%
Dec
6
6
12
Dec
28
50%
Feb
33%
Feb 19
38% Mar 1
60% Mar 1
59 % Feb 13
43%
55
43% Feb 14
Feb 19
92% Feb 19
42% Feb 15
Jan
4%
61% Jan 18
Jan 29
Mar 1
Jan 5
Jan 6
Mar 1
Mar 1
Mar 2
17% Aug
12
1
89
Jan
54
35% Feb 28
31 % Feb 15
54% Mar 2
118% Jan 24
Dec
26%
40%
8% Feb 7
15% Mar 1
Jan
2
Jan
2
Jan 24
Jan
2
Dec
Apr
20
86
114%
62
113%
113
32%
114 %
5%
80
45 %
162
23%
2
2
15% Feb
Jan
13%
2
9
Jan
22%
Feb
Mar
Dec
28%
141
14'A Feb 14
10% Jan
29
Sep
Apr
13%
5% Feb
1
22"% Jan 5
46
Jan
9
163% Mar 1
30% Feb 16
19% Feb 28
44% Jan 11
39% Mar 1
75% Mar 1
82
Jan
9
16
10
12%
Dec
Apr
18% Feb
23% Jan
77
Feb
33% Feb
1
100
Apr
7%
35 %
10%
20
No par
25
28 %
3
35
78% Jan 23
No par
100
1
10c
Sep
May
24%
20%
8
38%
33%
56
49
No par
25
25
25
No par
Bun Oil Co
%
par
par
par
pat
No par
Webster
Oct
Dec
53% Feb
17
Oct
153/4
61%
33 % Jan
8
17% Feb 28
2
76%
Jan
2
'
Dec
Jan
23
5
Stokley-Van Camp Inc
5%
prior preferred
Sep
Jan
9
48%
" 37% Feb 14
Feb 6
Jan 20
110% Feb 16'
111
Feb
1
28
Jan 2
111% Jan
2
2% Jan
2
67% Jan 23
—10
Sterling Drug Inc
Stewart-Warner Corn
1173/4
33%
33%
6%
Starrett Co
1,100
,2,100
24% July
9%
8% Jan 17
111
58
100
100
1
preferred-;
Standard Steel Spring
66
22%
*18%
4%%
600
37%
113/8
23 %
♦34
232%
Standard Oil of New Jersey
*65
23 %
27%
132%
4
*37
11%
13%
112
37%
66
13%
26%
Standard Oil of Ohio
603A
57%
13%
6%
Standard Oil of Indiana
37%
60 3/8
57%
13%
11%
11,000
20,100
4,300
39%
60%
123/4
63A
38
38%
13%
11 VB
Btandard Oil of Calif
60%
57
13%
128
17,800
37"%
60%
prior preferred
3,500
12,600
42
X57%
38%
59%
19%
*59
$7
773/4
89%
113/4
28% Feb 28
37% Jan lo
No par
No par
prior preferred
72%
.
*"
*19%
*1263/4
78
$6
14
14 Ve
*i9
78
54,200
5%
conv
17'A
173A
13%
100
114
preferred
Squibb (E R) & Sons
No
$5 pref series A
No
$4.25 preferred
-No
Standard Brands, Inc—No
$4.50 preferred
No
Standard G & E Co $4 pref—No
5%
par
1
37%
*37
37%
67
17
10,600
No
Square D Co
65 3A
■11%
11%
11%
50
3 2 3/a
preferred
Dec
72
5
76% Jan
No par
Nc pz"
413A
42
37%
——
111%
14% Jan
77
Jan 23
15% Feb 2o
67% Jan 3
Jan 31
27% Jan 24
47% Jan 12
58% Feb 24
12% Jan 6
2
$4.50
Dec
106 s/e
Feb
18% July
33
-—1
83%
90 3A
41 Vs
66%
113%
'
3%
78
133
Conv
2,700
*
78% July
14% Mar
80
No par
No par
Spiegel Inc
330
43%
114
31%
15,400
83%
42%
preferred
Sperry Corp
150
15
$5.5)
8%
Feb
63 Vb
6% Jan
7% Jan
Co——1
Spear &
400
42%
114
313A
54'A
61
83 3A
*60
3%
Spencer Kellogg & Sons
30%
62
*113
1,300
35
*60%
313/4
35
35%
62
*60%
20
35
14%
*112
3,300
Jan
16%
Jan
11% Jan 24
—No par
Sparks Wlthlngton-
12,500
♦83
.
2 5/8
84
Dec
80% Jan
1
Spalding (A G) & Bros Inc
7%
35
53%
Mobile
preferred
14%
35
*60
No par
No par
100
& Ohio stk tr otfs
100
Railway
non-cum
90
7%
15%
86
60
5%
Z
34%
14%
86
r
25
7.50
Edison
Natural Gas Co
Southern
Jan
25% May
May
160% Jan 12
26% Jan
2
17
Jan 20
38% Jan 31
32% Jan 22
64% Jan 22
100
-
14
7%
13%
85
60
60
1,600
13%
par
Southern Pacific Co
10
83
Greyh'd Lines new—5
35
73A
13
143/4
114
114
8
13%
13%
85
42%
42%
13%
12
86
14%
*84
73/4
7%
13%
*81%
83
♦81
85
115/s
85
533/4
13%
83
29%
11%
*77
*59
13%
xl9
*77
11%
*10%
*77
*81
83
13%
73/4
7%
73/4
7%
•*80
83
14
80%
29%
110
Sep
8
4% Jan
3
21% Jan
3
42 % Jan 22
1
Rico Sugar—No
preferred
Jan
20%
13
13% Jan
15
8ocony Vacuum Oil Co Inc
South Am Gold & Platinum
22%
28%
80%
No par
43%
5
20
Iron
10
Typewriter.No par
21%
5%
43
108
21% Mar 1
90% Feb 26
' 41% Jan
Corp
Corona
&
433/8
*21%
28%
23
22
5
5%
5
5'/8
21%
*22%
23
23
15
preferred
22%
72%
32%
Nov
15% Jan
2
22% Mar 1
48% Jan 22
30
Jan
3
No par
&
Nov
10% Feb 14
Jan
30% Feb
1
15% Jan 24
No par
Sinclair Oil
71%
*22%
5
Silver King Coalition Mines
Steel
Dec
45 %
115
2
9
13% Jan 23
59% Feb 24
26
Jan
2
6% Jan
4
32% Jan
2
$1.20
109 %
Feb
16% Jan 22
78
Jan
3
,
13
Feb 21
75% Jan
3
Corp
Jan
112% Feb 15
No par
Sheaffer (W A) Pen Co—-—No par
Shell Union Oil
——15
Bkelly Oil Co
Sloss-Sheffield
Dec
Feb 19
112% Feb 15
(Frank G)
Simmons Co
"
39aA
3
2
No par
No par
Shattuck
Dec
Sep
8
1
preferred
9%
37% Mar
8% Jan
No par
No par
Bharpe & Dohme
$3.50 conv pref ser A
;
Jan
109
106 % Jan
21% Feb
-1
-2N0 par
Steel Corp
Dec
Dec
105
7% Jan 24
Shamrock Oil & Gas
6,100
-
' 28
Dec
55'A
115%
30
100% Jan 24
19% Jan
4
———
—
3,600
9%
3
38 %
Jan
Jan
7
Mar 2
Jan 25
Feb 5
Feb 14
Feb 23
Jan 9
113% Jan 29
111
Jan 17
3
$4.50 preferred
21%
27% May
433/8
110%
63%
114%
10%
47%
111
44%
No par
Bervel Inc
112%
.'
23 % Jan
No par
Beagrave Corp
102%
13%
•
Beaboard Oil Co of Del
8%
26
*75%
36%
$4 preferred
.
101%
10
20
70
8%
20%
114
111
27
8%
102
21
No par
No par
No par
Co
$4.50 preferred
113
*109
preferred——
Bcott Paper
800
5
new—3Vb
100
Corp.
102%
27
8%
103%
-o
*109%
113
5%%
300
44
Distillers
Schenley
11,900
46%
111
preferred
8avage Arms Corp
45% Mar 2
37
Jan 23
54% Jan
2
112% Jan 17
8% Jan 25
38% Jan
2
106
Jan 4
x42%Feb 23
112
Feb
5
109
Jan 26
,
No par
100
5%
9,400
10 %
44
;/ 109
Joseph Lead——
Bafeway Stores
-
40
115
———10
8t
6,600
•109
'
43%
20
9%
93/4
20
111
43%
63%
45%
46%
46%
*109
44
8
*111
10
47%
110
'
*109%
103
20%
H4
9%
19%
46%
6,800
9%
10 %
10
•108%
27%
*7%
103
104
102%
104%
27%
8
8
8%
*7%
104
27%
27%
27%
*27%
43
43%
*42%
10
*113%
115
*113%
115%
60 %
45%
Jun
110
Jan
57
Sep
111%
108
27%
110
79% Nov
38"%
Dec
Dec
115
64% I Feb
115
July
May
113
Dec
Dec
Jan
2% Nov
40%
Sep
Apr
$ 33% Feb
.
48
Feb
33% July
116
Sep
4%; July
74%, Dec
85%
Dec
34%
Sep
39%, July
31
Sep
34%; Jan
50%
Sep
58 % ,July
40%
Jan
49
Dec
110%
Sep
118
Dec
6%
Jan
28%
Jan
37%
61
Dec
67% May
11%
Jan
17%sJuly
9% Feb
13%iJuly
11%, July
Dec
15%
Feb
19
Dec
7%
Apr
12 %
Dec
13"%
Apr
20 %, July
54
Jun
64
Oct
121
Jan
128
i Oct
7% July
9
3
5%
Feb
5%
Jan
10% July
27'A Feb 14
17%
Jan
25%
7% Jan
12
121
31
Feb
Feb 23
Feb 28
Jan
4
35
20% Jan
34% Feb
5
7
Dec
661% Nov
84 %{
Feb
19%
Apr
26
|
Dec
29
Sep
34
S Dec
Jan
20%i Sep
8%
27%
Jan
33
Dec
V
& FINANCIAL CHRONICLE
THE COMMERCIAL
1002
RECORD
NEW YORK STOCK
STOCKS
LOW AND HIGH SALE PRICES
Monday
Feb. 27
Feb. U
C per share
34
34%
31%
31%
31%
31%
31%
31%
31%
9%
9%
9%
9%
9%
9%
9%
'9%
54
9%
9%
9%
55%
8%
Par
7.800
Swift International Ltd
6,900
Syivania Elec Prod's Inc
9%
10,900
9%
Symington
Gould
14
14%
14%
14%
14%
14%
14%
14%
4,200
54
54%
54
54%
54
54%
54%
54%
X54%
54%
53%
54%
8,800
9
8%
7
5
11% Jan
2
14% Mar
25
48% Jan
2
55
8%
8%
39%
40
39%
39%
39%
40
39%
40
23%
,24
.24%
24%
24%
24%
23%
24%
13,400
Texas Pacific Coal
28.800
Texas
19
19
18%
15%
15%
34
34%
34%
18%
55
55
55
18%
18%
18%
18%
18%
55 %
*18%
19
55
55
'10%
11
10%
11
55
55%
54%
55%
55
139
*125%
139
*125%
2,490
$3.60
11%
1,100
139
*125%
11%
11%
11%
11%
11 %
X10%
11%
*55%
55 %
55%
55%
*55 y8
55%
*54%
55%
30
13%
14%
14%
14%
15
14%
15%
14%
15%
14%
*14%
15
15
15%
*15 %
16
400
52%
52%
53%
52 %
53
6.100
55%
55%
*55%
55%
13%
13%
13%
*14
46%
47%
5%
4%
34%
34%
'
■
14%
X49
5'/a
*34%
5%
5%
34%
34%
5%
19%
19%
5%
5%
30
5%
par
18% Mar
-No
preferred
par
54% Mar
2
56
Jan
30
43
Corp. -No par
10% Jan
11
.No
par
19%
19%
106%
38
55%
55%
54%
54%
54%
54%
54%
55
54%
55
54
11%
li'A
11%
11%
11%
11%
11%
11%
11%
11%
11%
11%
29%
29%
29
29%
4.400
Transcont'l & West Air Inc.
24
1,300
6%
6%
6%
6%
6%
106%
*12%
6%
107
107
*106%
107
*106
107
6%
*106%
106%
*106%
106 J/a
28%
28%
X28%
28%
*124
124%
17%
12%
12%
18
3,500
*106%
106%
28%
28%
18,100
106%
106%
35%
105%
12%
11%
12
*121%
122%
121%
122
18%
18%
18%
36
36
36
25%
121%
18%
4,000
Twin
2
1
2
19% Feb
31
108% Jan
15
39% Feb
16
par
50% Jan
15
56% Feb .16
22
11% Jan
26
Jah
15
18% Jan
2
2
5
1
5
Jan
28
Dec
Feb
13
34
July
109
Dec
Jan
38
Dec
43%
Apr
52 %
Aug
9
8%
Jan
11%
Dec
29% Feb
16
17%
Apr
29
24% Feb
20
12%
Jan
18%July
7% Feb
Jan 13
17
Jan
25
20
3%
Feb
5%
Jan
100%
2
107% Feb
11% Jan
par
Jan
18% Mar
5
13% Jan
21% Feb
85
20
105%
Dec
Jan
11%
Nov
15% Mar
20%
Dec
Dec
102%
Dec
Feb
28%
Dec
17
24
Dec
Dec
8%
101% Jan
3
106% Feb
21
par
27% Jan
22
29 % Jan
3
21 %
-No
par
34% Jan
22
36% Jan
3
28%
-No Par
105% Jan
18
106% Jan
9% Jan
3
13
Feb
27
5%
Feb
2
125
Feb
26
68%
Jan
14% Jan
prior pfa
Coach
Mar
100
3
19% Feb
16
8%
Jan
16%
Dec
3
64% Feb
Jan
66
Jun
—
-No
City Rapid Transit
7% preferred
50
18%
ie%
121 %
Aug
37
-No
Twin
7,200
Oct
5%
1
5% Mar
2
22
Jan
22
preferred
$4.50
200
12
12
Dec
13 % Mar
49%
18% Jan
20th Cen Fox Film Corp
$1.50 preferred
4,700
106%
106%
Dec
July
Jun
16% Jan
.No
»
12%
Jan
103
Corp
Jan
4%
11%
34% Jan
—.
54
32%
4% Jan
Rayon Corp
4% %
100
28%
11%
18%
Truax-Traer
Tubize
106%
35%
18
17%
18
2,400
23%
*105%
125
*123
290
12%
21
106%
28%
35%
13
12%
125
123
28%
106%
*105
106%
*106
12%
x35%
35%
35%
36
106% /' 106%
107%
12%
12%
21
28%
Tri-Continental Corp
$6 preferred.
20,000
20%
12%
21
106%
106%
*23%
107%
12%
21
28%
13,300
Jan
1
105% Jan
-No
Bearing.
Transamerlca Corp
10%
:< 1
10 % Jan
Roller
107
107
12%
20%
*106%
12
107
12%
20%
20%
Timken
6%
12%
20%
2,900
6%
20%
20%
55
Dec
Apr 1
15% Mar
.10
.
Dec
94
53% Mar
par
Axle..
122
Oct
1
—10
-No
preferred
Detroit
7
6%
12%
20%
36
7
24%
12%
12%
*106
X25
Oil
Associated
conv
Timken
'
29%
24'/a
Water
$4.50
4,700
Jan
3
31
Transue & Williams St'l— -No par
29%
Tide
15,400
610
38%
Nov
9%
92
81%
23
par
38%
Jan
Dec
Jan
13
par
-N(
15% Mar
5%
Nov
45% Jan
25
.No
—<—
107%
24
28
52 % Jan
38
29%
July
10
107
23%
58
7
38%
23%
Feb
19
107%
29
50%
11% Feb
38%
29
24
6
19%
24
59% Jan
9% Jan
38%
28%
July
1
107 %
23%
24 %
6
19
28%
35
15
38
23%
Jan
Jan
8%
Feb
*107
23%
17%
12%
3
Feb
19%
28%
16%
11
10
Feb
38%
.
Feb
Jan
12
107%
•:
Jan
99
Transit
Dec
Dec
16
130
Avenue
6%
38
8
Thompson-Starrett Co
$3.50 cum preferred—
2,400
19%
29%
3
Thompson (J R)
Thompson Products
20,700
107
37% July
Feb
15
19 %
19%
Feb
Apr
14%
Jan
38%
107
4%
32%
93% Jan
107%
19%
107%
39
14
27
100
Third
Jan
28
100
Co.
Sep
Feb
preferred
39
19%
107%
50%
preferred
8% Jan
Oct
12% July
21% Jan
1
125
Dec
8%
44%
19
9% Feb
40
2
$3 dlv conv preferred
17,900
36
35%
37
35
22
30% Jan
Mfg Co
Thermoid
-
34%
5
5%
34%
15
48%
48
13% Jan
Nc
Jun
51
Jan
10% Mar
6%
9,600
11
1
...
1
7%
120
11
22
Fair
The
■
-
98%
10%
5
55
*11%
11%
139
3,000
98%
11%
34%
18%
98%
*98 %
2
20% Jan
100
Pacific Land Trust
Thatcher
Feb
Jan
Jan
Dec
8%
Jan
4%
Jun
8
24% Feb
2
36% Jan
10
Texas & Pacific Ry Co
conv
6% Jan
par
_No par
& Oil...
4,200
98%
11
,
11%
*125%
15%
35
98%
98%
47%
12
139
15%
35
*98%
98%
*14% ii 15
12
*125%
139
16
36%
Texas Gulf Sulphur
8,700
98%
98%
;*47%
:
11%
11%
'125%
*98%
9
No
Texas Gulf Producing—
6,900
8%
8%
8%
5% May
42
39%
.15%
15
16
23%
34
10% Feb
\7
8%
15%
33%
2
u
22%
15%
Apr
7% Jan
9% Feb
39%
34
26%
1
10% Feb
8%
15%
17
55% Mar
23%
34
32% Jan
3
39%
14%
5
6
8%
33%
30% Jan
16
39%
14%
No par
7% Jan
23%
34
33%
Corp
Texas Co
14%
Jan
7% Jan
Tennessee
34
27%
(The)
14%
8%
9
5% % partlc preferred
Telautograph Corp
14
share
Jan
50% Jan
1.600
14%
Highest
S per
35
Talcott Inc (James)—
55%
8%
270
8%
14
1941
2
5
400
8%
10
I per share
9
10
55%
8%
'9%
t per share
50
*9%
54%
*55
I per share
Lowest
32 % Jan
Corp_,
10
9
Year
Highest
...
55%
8%
9
9%
Range Since January 1
Lowest
32%
32
32%
9%
Range for Previous
STOCK
EXCHANGE
34%
33%
34 %
31%
9%
*54%
*8%
32
*9%
*54%
8%
*54
8%
8%
55%
9%
10
54
33%
YORK
NEW
Shares
f per share
« per shore
share
34%
34%
34%
34%
34%
34%
r per
f per share
f per share
for
the Week
Mar. 2
Mar. 1
Feb. 28
Sales
Friday
Thursday
Wednesday
Tuesday
Feb. 26
Saturday
Monday, March 5, 1945
par
115
Co—
102
13
Jan
35%
Jan
85
105%
Dec
Jan
9%
Dec
118
Dec
Dec
U
64
16
16%
16%
16%
85%
87
87
88%
*114%
115%
114%
114%
115%
115%
115%
115 %
115%
114%
114%
114%
Under Elliott Fisher Co
16%
16%
8,900
Union
Bag & Paper—
87
87%
12,400
Union
Carbide &
114%
*114
116%
50
116
16%
X87
114%
1.600
16%
87%
*114%
116
63%
63
»
15%
85 %
1
85
*114%
63 %
64%
64%
15%
84%
16%
15%
63%
63%
63 %
63%
85
114%
63%
63\
No
par
-No
par
14%
3an
24
16% Feb
28
Feb
15%
-No
par
78% Jan
24
88% Feb
28
76
Sep
82%
Union El Co of Mo $5 pfd— -No
par
114% Feb
14
117% Jan
23
113
Feb
116
29
109%
Carb
.
-No
Preferred $4.50 series
113
16
Jan
51%
9%
Feb
119
Jan
8
25%
25%
25%
36,200
Union Oil of California
—25
20% Jan
22
25% Mar
1
17 %
Sep
123%
124
123
123
122%
123
123%
124%
X124
125%
124%
125%
3,200
Union Pacific RR Co__
100
109 % Jan
24
125% Mar
2
93%
Jan
118
*105%
106
108
108
108
*107%
107%
100
100% Jan
24
108
_.iVo par
5
29 % Jan
19
30% Mar
29% Jan
22
32% Jan
26
116
*115%
24%
23%
23%
23%
107%
107%
30%
30%
30%
30%
106%
30%
30%
31
30
30%
109
107
*111
70%
271
1%
17%
*106%
12%
•70%
30%
31%
19,900
*108%
34%
110%
108
108
34%
123
23
35%
123
22%
109%
34%
124
23%
23
23%
112%
*111
70
70%
112%
70%
26%
27
1%
.?"?1%
1%
42%
42%
112%
id
78
18 7a
78
70%
27
X26%
109%
18,200
700
23%
18%
•
27%
1%
42%
18
18%''
18%
18%
$3
12,300
43% '
;
106%
106
12%
12%
13%
13%
13%
13%
13%
13
13
3,400
72
71%
71%
71%
73%
74%
74
73%
73%
71%
72%
13
106
*105%
106
%
*105%
10G
United
Dyewood
Preferred
260
par
13%
6,600
United
36%
36%
36%
37%
37%
38%
38
33%
2,600
United
93%
93
93%
92%
93 %
92%
93
1,400
United
Fruit
15%
15%
15%
15%
15%
16%
16
16%
15%
16 %
15%
16 %
13,000
United
Gas
49%
49%
49%
50
50
50
49%
50
49%
50%
50
50%
2,500
*107%
108%
108%
7%
108%
16%
106%
106%
*106
108%
108%
108%
•7%
7%
7%
7%
7%
7%
17%
17%
17%
17%
17%
107%
107%
107%
*106 %
107'%
16%
16%
107'%
*106%
16%
16%
*107%
8
7%
8
13
•:
108
107%
6
110
Mai-
23
61
May
par
1
27% Jan
4
22
Jan
par
1% Jan
2
1% Feb
21
1%
38% Jan
2
1
31%
Apr
15% Jan
22
par
1
6,600
$6
60
1st
18%
18%
18%
18%
18%
18%
18%
8,200
U S
85
84%
85%
85
86%
84
84
2,000
17%
53%
17%
*53%
43%
43%
17%
*9%
33%
*113%
17%
54 %
"53%
45%
46%
46%
9%
9%
33%
33%
33%
*113%
.
17%
*53%
45
9%
9%
33%
116
17%
54%
17%
53%
116
*113%
10
10%
9%
10%
9%
10%
10%
10%
10%
40%
40%
*40
55"; V
40%
*54
55
*54
*52%
54%
r
*52%
3%
59%
160%
160%
3
55
3
60%
62%
61%
141%
141%
141%
*18%
7%
*44%
103
81
*181
3
2%
7%
18%
5%
5%
5%
102%
102%
18%
19%
.
103
18%
16
Jan
109%
Dec
Feb
21
4
Feb
7%
Sep
11% Jan
24
18
Feb
20
7%
Feb
par
107% Feb
14
par
17% Jan
23
19% Feb
19
..20
77
Jan
22
86% Mar
180% Jan
17
7%
45%
7%
7%
45%
*43%
46
*43%
80%
81%
82
81%
184
184
*181
186
*181
.
186
184
25%
23%
25%
:
24%
25%
25%
25%
25 %
25%
14%
14
14%
14%
14%
14%
14%
14 y4
14%
'36%
36%
*36
36%
*36 %
36%
36%
37
37%
37 Vs
*114%
118
114%
: 14%
118
•114%
'
14%
*49%
95
f 91%
95
'26%
26%
14%
14%
50%
*89%
118
50
50
*114%
14%
50
14%
50
15%
59%
5
5%
15 V,
*50
50%
95
*89%
95
*89%
95
*89%
*91%
95
*92
95
*91
26%
27
26%
4%
4%
4%
66 %.
64%
65%
122%
122%
4%
65
122%
122
*66
71
*47
47%
47%
47%
V *47
38
38
38%
38%
122
123
*122
*66%
122
70
122
*145
—
38%
*120
*145
;
1,500
'
U S
y
$6
700
7%
7%
*43%
45%
'
10
81%
-
Universal
680
1,700;
184
14 Vs
Universal
8%
900
Van
3,300
v
Norman
Van
50%
;
15%
50%
15
*50
15%
51
*89%
*91
♦28
—-
7,000
9%
Sep
2
10% Feb
6
8%
Jan
10%
Dec
Feb
54% Mar
4
30
Jan
2
1
Feb
60% Feb
19
40
Feb
144% Jan
12
160% Feb
24
130
2
65 % Feb
21
52
Jan
72
Jan
par
.
18 "
par
1
58% Jan
25
82
Mar
65
24
■T2
Mar
143 % Jan
Dec
May
'1
50%
Apr
Xll9%
Jan
Dec
Dec
150
Dec
61% July
78
Dec
63% July
136%
Dec
Jan
20
26% Mar
1
22
May
27%
Aug
10
50% Feb
6
44%
Apr
48%
Dec
5% Feb
28
2%
Jan
4%
Nov
4
Jan
24
4% Jan
23
5% Mar
2
5
104% Mar
2
16
2
19 % Feb
19
1
Inc.
69
18
98% Jan
1
Jan
48%
2
4 V,
54% July
48% Jan
Jan
5% Jan
2%
Oct
Apr
5%
76
Jan
106%
Dec
14%
Jan
18 Vs
July
No
2
8
Jan
25
par
No
39
Jan
5
47
Jan
24
31
Jan
41%
July
Dec
par
75% Jan
24
83
Jan
3
68
Apr
81%
Dec
16
185
Feb
6 "
162
Mar
100
...
180
Jan
Co.
No
....
__
_
par'
——2.50
IncJ.
...
10
21 % Jan
2
26
Mar
13 Vs Jan
20
15% Feb
32
22
37 Vs Mar
Jan
95
-95
7%
1st
Vertientes-Camaguey
Va-Carolina
122%
v
122%
*122Vs
75
75
75
80
;r
47%
38%
47
47
300
38%
38%
1,300
122%
680
75
38%
*118%
125
*140
120
29%
122
Co_6%
14% Feb
49% Jan
Victor
*47
116% Jan
5
%
*140
30
V-"'.:-
6%
Va
Chemical
dlv
El
&
Va Iron
_
3%
v
Jan
6
176
Nov
17%
Jan
23 Vs
July
9%
2
20
Jan
14 V«
Nov
Oct
52
28
1
Pow
16
Sep
Jun
Dec
23
51
Jan
31-
41%
Jan
51
Oct
8
91
Jan
29
63%
Jan
85
Dec
91
Jan
27
70
Feb
85% July
5
24% Jap
,8
28
% Feb
28
21%
Jan
25 %
5% Feb
20
3%
Sep
5V4 Mar
Sep
62% July
—No
4
2
59 % Jan
9
100
pref
Jan
100
118% Jan
par
8
69
;
123
Feb
50
20
113%
Jun
120
Aug
Detinning Co..
Feb
19
22
75
Feb
28
38%
Feb
63
45% Jan
25
48
Feb
13
37
Jan
45
Dec
25
pfd
Jan
25
Coal & Coke 5%
preferred
Vulcan
12% May
119%
20
Virginian Ry Co
6%
8
Dec
90 % Jan
preferred
S5
Jan
115 je
2
17
26
Feb
87% Feb
Works—.
Chemical
partic
117
26
.—100
_
preferred.
non-cum
1,800
*122
100
Sugar
Vick Chemical Co
5%
.
2,800
28 Vs
j
preferred
Vicks Shreve'& Pac Ry... .—^..100
300
,
95
28%
J
95
'
.
3,500
125
Sep
Apr
5
Tob
Raalte Co
4%
*118%
*140
Dec
5%
par
No
Vanadium Corp of Am
9.500
t
14%
37 %
65%
124%
Dec
1
"6
25
preferred
4%
38% *
9
33%
113
V-
65%
38%
No
—
Leaf
4%
38%
L
preferred
Laboratories
Preferred
,
50
26
Co
preferred
66 %
75
Feb
10% Mar
135% Jan
Universal-Cyclops Steel Corp
1.700
'
No
Stockyards Corp
conv
4%
47%
Jan
2% Jan
50
United Stores class A
36,000
.
66'/a
*47
Jan
16%
110
51% Jan
50
—i
non-cum
United
9,400
"
5%
19%
25
Tobacco
7%
4%
75
70
5
1
10
par
_
*122
122
—
28%
Jan
100
1st preferred
non-cum
67%
4%
34% Mar
114
to
U S Steel Corp
Preferred
82,300
,
No
Co
2,100
65
104 %
*37
Rubber
66
4%
66%
47%
28
23
U 8 Smelting Ref & Min
Preferred i—J-.
5,900
2,100
19
8
"8%
500
%
—
95
26
7% Jan
22
Jan
Jun
•
*91%
'66%
—
14%
21
4
22
8
'
*89%
.
*; 4%
'145
118
9 % Feb
30% Jan
111% Jan
Nov
160%
*181
f 14%
Nov
43 % July
37%
*
*25
51 %
Apr
Jan
48
■
184
Jan
34%
19
48
82%
82
Oct
42
28
Apr
103
7%
7%
15%
19
Feb
Apr
50%
5'/a
80%
8 %
17% Feb
Jan
26%
45%
Dec
40%
*48
81
186
35%
X26
/
Jan
30%
50%
19%
170
1
26%
19%
23
47
9% Jan
U
Feb
Jun
53 % Feb
1
6,900
Dec
21%
88
2
100
5,000
107%
10
par
20
Jan
17
va.r
Preferred
Jan
Mar
Jan
13% Jan
No
Lines Co..
Feb
14%
70
33% Jan
50
No
cl A
preferred
Foundry
Playing Card Co
Plywood Corp..-.
tU 8 Realty & Impt
184
97%
1
13
26
5%
Co..
par
5
Feb
20
63%
5%
5
50
.No
105
12% July
55
*48
46
7%
*158
103
98%
Jan
423,s Feb
141%
5%
Dec
2
141
5%
52%
2
141%
103
Jan
23
82
5
5%
*101%
28%
Jan
64
4%
4%
5%
103
20
Dec
Jan
63%
50%
Jun
Jan
80%
26%
15%
46
80 %
25%
Oct
35
65%
*48
11%
8
U 8 Pipe &
1,700
3
3
58%
65
27
46
159 %
64 %
16% Fab
1
79%
141%
Dec
20
13% Jan
10
64%
64'/a
91%
U 8
159%
141%
36%
U S
80%
63
11%
26% May
75% Jan
2
200
65 %
80%
184
U S
Dec
Jan
17
38% Mar
94
2
110
100
conv
Aug
Jan
Jan
8
Aug
78%
500
159%
141%
Leather
Dec
11%
Apr
57
54
3
20
45%
54%
*55
64%
*44'/a
C','':!
57
54%
59%
,79
50%
7%
41%
54%
59%
26%
*48
18%
7%
45
81
*26
18%
19%
41
40
*55%
55
59%
62%
50%
5
5%
10%
55
S
Prior
,
41
159%
142
26
4%
4%
10%
2%
79
103
10%
59%
65
79
62%
•
*10%
'
59%
63
141%
5
1,900
10 %
13% Feb
2
31
90
26
2
Corp
preferred—
conv
Partic &
37.800
10%
'*53%
159% .160
61%
4%
10%
10%
,55
,
U
4,600
113%
11% Jan
#33% Jan
Jan
2
preferred
5%%
1,600
34%
i. 34
*113%
77
.No
U S Industrial Chemicals
4
141%
*102
9%
*9
9%
34%
116%
10%
40%
2%
9%
34
5
Jan
Jan
U S Hoffman Mach
1,700
*113%
10 %
53%
79
26
9%
34%
115
10%
58%
160%
*48
11,700
10%
63
50%
40
46%
39%
62
26'/a
17%
53%
46
40%
79
26
17'/a
53 %
46%
'10%
80
*48
17%
54%
46%
•
63
63
*78%
17%
*52%
53%
58%
57%
*160
10%
54%
3
3%
59%
9%
34
*113%
10%
*54
40%
9%
34%
116
17%
53%
47
106%
Feb
No par
Freight Co
7 %
30
*183%
184
17 %
Jan
6% Jan
.
U S Gypsum Co.
184
Apr
95%
3
No
18%
84%
184
12%
11
10
_
preferred
18%
85%
Dec
28
Jan
5
USA; Foreign Secur
Dec
13% Feb
6
Oct
1% July
5
5
nar
28
42 Vs
6
108
Dec
Jun
70% July
Feb
107
17%
184
18% Feb
114
9 % Jan
105
100
preferred
Faperboard
85
42%
;
Cos....
43% Mar
Fob
18 %
184
26% Feb
52
United
24%
Jan
par
22
5%
20 % May
9
Jan
Jan
86
184
24% Jan
114
47
17%
*183
28
1
86
*183
Dec
United Merch & Mfrs Inc
370
107%
Dec
123%
Co.—13-%
2,600
17
Sep
36%
Jan
Improvement
7%
-
110%
Apr
102%
70% Feb
No
17%
7%
Feb
22%
1
2
Co
109%
107%
108
Coal
Electric
100%
28
Mar
24
Engineering & Fdy__
*92%
13%
13
35% Feb
Jan
66
36%
13%
Nov
Jan
—
92%
13%
Nov
33 %
66
5
36%
13%
Dec
30
Jun
111
.No
—
92%
13%
104
Jun
100
Corp..——
36%
13
Feb
No
93%
13
92%
124
22
22% Feb
Dec
109% Feb
22
Jan
Oct
Dec
25%
No
93%
13%
Feb
31% Jan
20%
26
1
-No
*36%
13%
107
118
115
Dec
Jun
Nov
11
27
par
—
—i.—
Drug Co
preferred
$4.75
200
12%
No
.
Feb
.No
preferred
United
9,700
106%
12%
107
Co
preferred—;,
conv
Unlted-Carr Fast Corp_^
United Corporation
164,400
1%
43%
1,300
1%
27
27
Biscuit
5%
10
100
—
United Carbon Co
900
70%
70%
100
Inc
pref erred
%%
United
2,400
112%
*111
1%
43
United Air Lines
4
par
preferred:
non-cum
Union Tank Car
United Aircraft Corp
5% conv preferred
500
34%
l227/8
24
42%
1%
5
1,200
122%
35 %
124
*111
lo
107
4%
2,800
31
41%
18%
17%
30%
31%
70
V
17/a 1
42
*106
30%
31%
26%
27
1%
30%
31%
34%
23
41%
106%
30%
31
122%
*69
26%
27%
107%
30%
107
*111
70%
*68%
42%
17%
1%
42
23%
*111
112%
*69
25%
31%
34%
122
112%
23%
23%
23%
34%
121
121
122
107
107
33%
34%
33%
*121
*114%
25%
25
30%
30%
*107
.
25%
24%
60
58% Jan
36% Jan
16
38% Feb
27
33
Apr
38%
Nov
100
57
.100
Mar
100
Preferred
120
147
Feb
66
Jan
Aug
Nov
2
123
Jan
9
102
Jan
125
Oct
16
147
Feb
16
149
Feb
155
July
40
Jan
68
Dec
10%
Jan
14%
Dec
26%
Apr
31%
Dec
W
{73%
73%
i 15%
16
*31%
107
For
72
72
71% : 72
15%
*15%
15%
32%
*31%
32%
107%
*106%
107%
footnotes
see
page
1003.
32%
*107
15%
32%
107%
*72%
73%
73%
74%
74
74%
900
Wabash
RR
System
4%%
15%
16
16
16
15%
16
v
2.100
Waldorf
32%
33
33
33
33
33
-
1.200
Walgreen Co
4% preferred
*107
107%
*107
107%
*107
107%
preferred
100
2
74% Mar
1
;
No
par
13% Jan
10
16% Feb
15
;
No
par
30% Jan
24
33
Feb
28
100
106% Jan
2
.Tan
9
.
r
vins
Nov
108% Nov
*
Volume -161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
NEW YORK STOCK
Monday
Feb. 24
t
:
per share
Feb. 27
l
t per-share
;
$
per share
per
67
65%
65%
65%
66'A
20%
20%
20%
*19%
20%
10%
10%
10%
10%
10%
10%
*10%
2%
2%
2%
2%
2
•64
*19%
20
10%
11
10%
11
11
11%
2,300
2'A
3,100
11
2%
11%
2%
2%
64
*621/2
64
/
2%
65%
65
15
14%
14%
35%
35%
26%
26%
26%
26'/2
25%
26%
26%
23%
23%
23%
38%
39
39'A
10
10
27%
27%
23%
23%
23
38%
38%
38%
r
'
9%
;
x23%
,
23%
39
Jan
19
68% Feb
20
48
Feb
68
Nov
4
20% Feb
24
17'A
Jan
x20
Nov
2
11% Feb
14
7%
Jan
8
Jan
.11% Mar
1%
Feb
2'% Aug
No par
Ward
No par
Class B
$7
2,200
23'A
23
9% Jan
2
1 % Jan
2
57% Jan 15
No par
preferred
Bros Pictures——
50
—8
27%
27%*
27%
*
86:%
*85%
25%
*85%
25%
27%
11% Mar
1
2% Feb
.
13
♦103%
104%
104%
1041/2
39
38
10%
66% Feb
14
45
Jan
62
May
13% Jan
23
15% Feb
14
11%
Apr
15
July
32% Feb
24% Jan
5
35% Feb
20
22%
Feb
36'%
Dec
2
26% Feb
28
25
Aug
21 % Jan
24
24% Feb
20
22'% Apr
15% Apr
22%
Dec
1
400
11%
7
Warren
500
,
38%
10%
112%
112%
*112
114
114
114
105%
*105
105%
117%
117%
117
117%
117%
117%
26%
26%
*26%
26%
26 %
26%
110 %
110%
*110%
110%
*105
Washington Gas Lt Co
Fdy &
30% Jan
3
39% Feb
19
23
Dec
par
9% Jan
23
No pat
No par
Pipe
1,700
Waukesha Motor Co
1,100
Wayne Pump Co
Webster
33,100
**—
No
Eisenlohr
*
110%
*110
40
39%
39
40
39
5%
5%
5%
15%
15%
15%
15%
*15%
.
:
Jan
31%
2
6%
Jan
28 % Feb
20
22'%
Jan
10% July
25% Jun
87
■
28
77
Jan
11% Mar
123
123
146%
146%
*24 %
29%
ll'/a
11%
*86 %
,
*31
Feb
110
Dec
16%
16 %
36'A
31%
17%
20%
17%
30% Jan
2
38
5
29%
Dec
31%
Dec
2
76% Mar
2
65
Dec
66 %
Dec
44% Jan
6
48% Jan
13
41
Feb
53% July
"26% Jan
6
28% Jan
13
22%
Jan
31'A July
22
/ x31% Feb
15
76%
!
3,100
47%
16,200
23%
28%
28%
1,000
31%
Preferred
31%
6,100
Westinghouse Air Brake
124'A
125
124%
125'A
7,700
150
150
150
Westinghouse El & Mtg
1st
partic preferred
31%
31%
31
140
35%
35%
*30%
31
31
31
30%
31
800
*109%
110
*109
no
1097a
110
80
$4.50
*108%
109 %
109'/^
109'/a
60
$4.25
109%
109%
*74
75
*73
104
104
'103
75
74
104%
37%
37%
38
38%
38%
37
38%
92%
93
93
92%
92%
92%
92%
92
93
30
30%
*24
24%
,200;
3f %
30%
30
30%
16,900
11
11%
*85
86%
*32
33
11
11%
11%
11%
11%
*65
86 %
86%
86 %
33
33 %
5,800
20.
1
Prior
8 "2
8%
8%
8%
8%
8%
8%
8%
8%
17%
17%
17%
17%
17%
18%
17%
18%
17%
18
24,700
Willys-Overland
13 %
13%
13%
13%
13%
14
13%
14
13%
13%
19,400
*99%
100
15%
16
100
100%
15 %
100
100
15%
15%
*132
100%
*99
100
,
15 %
15%
15%
*15%
15%
*132
*132
'131%
16
400
y
:
26%
26%
26%
27
26%
26%
43%
43%
43%
44
44%
44%
44%
44%
46%
47%
48
48%
48%
48%
47
48 %
25%
25%
43%
44 %
43%
44
46%
'
45
46
88
86%
86%
*86%
88
*86
*87
90
86
87
*86
88
*86
88
91
88
97
97
99 %
94
71%
71%
71
71
71
71
71%
15%
15%
15%
15%
15%
15%
15%
*38%
39%
39
39
39%
39%
16
16%
15%
16
15%
16
24
24
24
24
24
24%
45
45%
44
45%
44%
45%
88
*86%
88
*86%
88
88%
*86%
88%
X85
85
97%
93%
94%
94
94
'71%
71%
72
16
15%
38%
39%
16
X24
72%
108
*107%
108
108
23%
23%
31% Feb
25%
Jan
32
July
108 % Feb 16
113% Jan
105%
Jan
111
Dec
106% Jan
109% Mar
101% May
23
108
23%
15%
15%
10,300
38%
38%
38
38
16%
16'A
16%
15%
24%
*108
108%
23%
24%
24%
23%
47'A
47%
48%
47%
48%
109
x23%
24'/a
108
24
108
23%
24
66%
Jan
92%
15
18
Feb
22
16
20
Feb
5
Jan
29% July
9% July
15
87
30
Jan
7% Jan
23
34% Mar
~5
1
11% Feb
20
.—10 y
15
x64%
3
;
20'% July
Jan
11% July
Feb
14
16
80%
Jan
99'A Nov
14% July
2
27% Feb
14
19%
Sep
Apr
2
36%
Jan
44%
44% Mar
123
125
Sep
24
July
Oct
Mar
1
20%
Jan
41% Nov
Feb
6
47%
jan
82% Nov
Feb
20
49
Jan
99% Feb 27
74
13
Jan
10%
Feb
15
Jan
Apr
Feb
8
16% Feb
87
Jan
3
Jan
5
Jan 24
70
9%
Jan
6
Jan
80
75
Oct
Deo
45%
130
40% Jan 24
Jan 22
:
87%
31 %
8
100
6
pa*
Jan
15
79
No
Deo
13
38
'Pel)
Dec
July
Feb
9
par
Tr
Aug
Jan
24
2
July
14% Feb
97% Jan 15
13% Jan
2
Jan 30
22'A Jan
Feb
/
77
Feb
19% Jan
0
128
—10
(Del)—No
38% Mar
17% Jan 10
10% Jan
2
•;
87
84
Nov
69% Jun
91%
Deo
Feb
19
58
Apr
74%
Nov
16% Feb
19
13
Dec
14
Deo
40
3
19
27% Mar
giiiiiii!
32% Jan 24
—28
Young Spring & Wire
No par
Youngstown Sheet & Tube—No par
5%% preferred series A
-100
Youngstown Steel Door
No far
180
32%
83% Jan
9,200
6,500
104%
Feb
20
2,900
>
Jan
20'%
31% Feb
16%
15,200
59%
"-'A. 97%
2
26% Jan 22
8% Jan
3
No par
107% Nov
15'
26% Feb
1
Dec
19
par
No
Dec
Feb
78
9
—1
151%
107% Jan
28
21% Jan
20
York
23%
Feb
15
Tale ft Towne Mfg. Co
109
Jan 19
94% Feb
1,000
23%
4
31% Jan 24
87% Jan 24
Motors
1
Corp
z
*
64
104
*
24'A
108%
;
,
pfd 4%% series
100
Prior pfd 4%% Conv series—100
Wright Aeronautical—
No par
fWm>
Dec
3
$6 preferred
No par
Co
^—10
Wisconsin El Pow Co 6% pfd—.100
Wr»ei»v
1,600
15%
„
Deo
27% Feb
Wyandotte Worsted Co-————5
1,270
*71%
31%
126
36'%
Co
x
46%
Feb
Prior
200
200
.
Apr
x91
.127% Mar
Jan
Dec
-
Worthinaton P & M
3,200
f
21
125'A Mar
Dec
29%
Woolworth (F W) Co——-
10,000.
16% July
36% Feb
Woodward Iron Co
700
'
Oil
Jan
151
Wilson-Jones
1,500.
26 %
26%
46%
100
16
*131%
.*25%
*25 %
*86
100
'131%
"Wilcox
2,800
7y8
20
Wilson & Co Inc
8%
2
32% Jan
(The S S)
preferred
6% July
Jan
37%
1
,-100
No par
No par
pref
13%
34%
300
Jan
144
par
White Motor Co
White Sewing Mach Corp
$4 conv preferred
.
Apr
3%
20% Mar
;
26%
2
115% Jan 24
No par
;
White Dental Mfg
Jan
103
20
No Par
preferred
conv
$5 conv prior
24%
33
.
29
Feb
7% Mar
Feb
preferred
5%%
2
41
12,50
/Wheeling Steel Corp
720
24%
86%
10%
*32
preferred
22
13% Feb
50
50
Instrument
Elec
13
4% Jan
Wheeling & Lake Erie R^-.—^100
90*
10,400
30%
*24%
32% Jan
No par
Westvaco Chlorine Prod
25
25
*85
104%
Weston
1,000
100
73
104%
104%
29%
A
150
36%
*24
series
125
35%
75
*72%
■
Western Union Teleg class A-No par
Class B
i
No par
*28
Sep
64% Jan
4,800
76
46%
36%
Deo
100
!
75%
47%
37%
Dec
28
Western Pacific RR Co com__No par
37%
73%
47'A
35%
.
109%
*108%
pfd
85'%
11,100
148
124
*146%
—
8
I
20
17%
-
*100
:
28
4%%
Power
34%
8%
8'/2
17%
13 %
110% Feb
4,500
33,600
—
100
100
100
Feb
27% Jan
No par
100
Western Auto Supply Co
10
Western Maryland Ry
100
4% non-cum 2nd preferred—100
110
110
10%
July
7%
30%
86'%
28
Penn
35%
30 %
33
Jan
39'/a
6 ::':,
104%
10%
16%
110 %
%
36%
*32
23
38%
6
104%
87
33
26% Feb
*110'/8
35
30
23% Jan 22
106
Jan 10
preferred
preferred
35%
35
31
29%
118%
39%
26%
*26
92%
30
Apr
11C%
3 5'A
35
25
113%
5%
39
116%
35%
25
10
*110%
16
146%
*24
117% Feb
5%
123%
146
92%
2
39%
31%
122 'A
145%
92%
Dec
116% Jan
110 %
35%
123%
75
103
5%
35
123%
*72%
Apr
110%
28%
'103
85'%
West Va Pulp & Pap Co
6% preferred
*28%
36%
15
800
28
76
Dec
106% Feb
26%
28
104%
113
26%
28
36 %
Feb
26 '/a
*27 %
*72
96%
25%
27%
*103
28
West
27%
109%
Feb
190
73%
*108%
115
117
47%
109%
Dec
109% Jan 26
104
Jan
8
117
72%
*108%
102%
116 %
47%
109
Jan
117%
72%
109
83
6 %
47%
109
21
110
72%
*108%
Feb
106
46%
*30%
Feb
105
*104
72
31
18%
8
105
46%
*30%
22
105
45%
35
20
25% Jan
105
71
35
84% Jan
100% Jan
105
34%
35
80
,
No
$4 conv preferred
13,600
1.
7%
70%
30%
par
West Indies Sugar Corp
1
West Penn Electric class A—No par
100
26
105%
240
34%
30%
87
25%
*104%
115
46%
30%
*86%
26%
114
70%
31
88%
104 %
26
104%
:
46
145%
24
2
117
.
No par
Jan
115
15%
30%
Wesson Oil & Snowdrift
2,600
•114
5%
35
27%
39%
5%
35%
27%
115
39
5%
34%
28
%
114%
105%
*105
27
*86%
104%
*103%
Jun
1
26%
26
26%
26
26%
105
-
'
■
87
87
88 %
*86%
86%
25 %
104
10'%
5
Warner
26,200
23%
10%
28
Baking Co cl A
'
•
share
per
19 % Jan
8% Jan
preferred
"
39
10%
28
•'
23
39%
10%
10%
.i
Highest
t
per share
63
Walworth Co
26%
•26%
S per share
No par
Div redeem
35'A
*26
1944
Lowest
No par
400
66
14%
35%
26%
I per share
12,900
15
*25%
G & W
(Hiram)
Year
Highest
•
35%
'34%
Par
Walker
1,700
>
14%
WW 14%
35%
10
19%
35%
14'/a
*34%
9%
19%
14 %
63%
14%
35%
15
65%
35
63%
64
63%
64%
*35'%
14%
*64%
10%
2%
2%
Lowest
1
66
.
Range Since January 1
EXCHANGE
Shares
share
per
65%
11
10%
10%
10 1/2
t
share
the Week
20%
10%
10%
per
Range for Previous
NEW YORK STOCK
for
Sales
Mar. %
66
•19%
10%
s
snari
65%
20%
/ Friday
Mar. 1
Feb. 28
66%
10 %
STOCKS
Thursday
Wednesday
Tuesday
Feb. 26
Saturday
RECORD
AND HIGH SALE PRICES
LOW
1003
13%
19 %
39%
105%
20 %
Feb
36'% July
Jan 13
16% Feb
17
9%
Apr
15% July
Jan 17
Jan 22
25
19
14%
Jan
20% July
1
33%
Apr
42% July
106% Nov
Feb
48% Mar
109% Jan
31
96
Jan
24% Feb
Jan 19
Jan 2
14
13
Jan
20%
44% July
6% July
Deo
:
%
40%
40%
40%
40%
6%
7%
6%
6%
•Bid and
asked prices;
40%
.<
no sales
40%
40%
7
7
on
41%
this day.
41%
7
6%
42
7
tin receivership,
a
42
2.600
7,300
Zonlte Products Corp.
6%
Deferred delivery,
n New Stock.
*
Cash sale,
s
Special sales,
37% Jan 22
.No par
1
Zenith Radio Corp—
7
42
7
5% Jan
wd When distributed.
———BegBgaBCSBiin1 ii11 ■'<«» i
mmr
,,
Feb
15
33%
Jan
7% Feb
8
3%
Jan
42
2
x-Ex-dividends.
y Ex-rights.
w—im i.j xsmmmmmmmmmmseeaamm
Transactions at the New York Curb
Transactions at the New York Stock
Daily, Weekly and Yearly
Exchange
Stocks
Daily, Weekly and Yearly
Stocks,
y
Number
Week Ended March 2,1945
Saturday
*
623,750
United States
$4,092,000
Government
Bond
Bonds
Bonds
Total
Foreign
and Miscel.
Bonds
Sales
$203,000
$29,000
$4,324,000
Monday
1,257,290
7,703,700
526,000
18,000
8,253,700
Tuesday
1,190,380
8,220,000
438,200
28,500
8,686,700
1,957,310
11,236,000
669,600
10,500
2,086,191
11,883,000
384,000
25,000
236,470
11,066.800
353,500
73,500
$54,207,500
$2,574,300
$184,500
j-'.
-Y
•'
'
Foreign
Corporate
Total
$375,000
$655,000
521,000
370,000
388,550
346,000
530,000
1,000
877,000
667,435
742,000
189,000
2,000
563,975
797,000
250,000
933,000
1,047,000
579,670
564,000
198,000
4,000
766,000
2,807,630
$3,345,000
$2,192,000
$12,000
$5,549,000
1
Tuesday
Wednesday
Thursday
Friday.
-
$56,966,300
$5,000
$1,035,000
891,000
11,493,800
8,881,986
(Par Value)
Foreign
Government
12,292,000
1,767,065
Domestic
371,530
Saturday
Monday
11,916,100
Bonds
(Number
of
Shares)
Week Ended March 2,1945
Railroad
of
Shares
Exchange
Wednesday
:
—
Thursday
Friday-
i
Total.
Week Ended March 2
Total
'
Jan. 1 to March 2
1945
2,807,630
1,712,110
24,293,225
10,854,835
$3,345,000
$4,556,000
$30,934,000
$36,221,000
2,192,000
12,000
190,000
25,000
15,624,000
173,000
997,000
156,000
$5,549,000
stocks—No. Of shares
1944
1945
$4,771,000
$46,731,000
$37,374,000
1944
Bonds
Week Ended March 2
1945
Stocks—No. of shares
Jan. 1 to March 2
1944
8,881,986
1945
4,087,320
1944
75,461,036
37,007,316
Domestic—
—
Foreign government—
-
Foreign corporate
-
—
-
—
-
—
Bona»
U. S. Government-.
S184.500
Foreign
$168,000
$1,281,400
Total
2,165,000
22,974,100
17,572,000
60,118,900
532.637,100
705,573,600
$56,966,300
.
Total
$1,433,350
2,574,300
54,207,500
Railroad & industrial
$62,451,900
y
$556,892,600
«,•
Obligations Of Governmental Agencies
$724,578,950
Bid
Ask
,
B°ndS_
Federal Heme Loan
,085a
Below
on
are
the daily closing averages
3W.S
of representative stocks
and
1955-1945.....——
100.14
100.15
30
_
_
19
Total
10
Utili¬
65
Indus¬
Grade
roads
ties
Stocks
trials
Ralls
_
First
Second
10
Utili¬
ties
28.01
59.29
107.76
114.28
94.23
108.93
107.68
114.38
94.24
108.89
106.30
_
160.40
51.56
160.72
February 28_
March 1
United States
106.30
59.13
52.51
159.95
52.03
28.47
59.90
107.54
107.59
114.45
114.57
94.54
95.25
109.00
109.05
Rates quoted
Bid
106.38
106.61
are
7
102'%
102%
102
^
1946
104%
104%
133'A
1947
.
133%
60.29
107.51
114.79
95.70
109.15
106.78
March 8,
28.42
59.92
107.50
114.89
95.44
109.07
106.72
March
b0..375
b0.375
b0.375
b0.375
1945
1945March 22, 1945
;
March
15,
29, 1945
April 5.
1945—
April 12, 1945
—
Treasury Bills
t
for discount at purchase
Bid
Ask
Treasury hills-
28.58
•
.
103.9
US Conversion 3s
Bonds
28.06
59.49
102.22
102'%
40
Rails
51.25
28.29
5S
100.29
Total
Grade
■
50.90
51.22
"fV'l! «55??95TI-™
,
Panama Canal 3s
158.69
159.30
February 27
lWpMM~Z--.
Ask
Bid
,no 2»
10
158.41
February 24
February 26
20
Rail¬
trials
|5
D S Conversion 3s
—Bonds—
Indus¬
Date-
,
bonds
,
10
March 2
0.75®
the New York Stock Exchange as compiled by Dow, Jones & Co.
Stocks
■
"
1.0,90
Federal Land Bank Bonda-
Stock And Bond Averages
listed
Bank-,
July 16, 1945..
0.28%
0.32%
0.32%
0.32%
b0.375 0.33%
b0.375 0.33%
Ask
b0.375 0.33%
April 19, 1945
April 26, 1945—
bO.375 0.34%
b0.375
0.34%
bO.375
May 17, 1945
bO.375
May 24, 1945
bO.375
May 31, 1945——b0.375
0.35%
0.35%
0.36%
May
May
3.
10,
1945
—
1945—
;—-——
-
—
Q.35%
a
THE COMMERCIAL & FINANCIAL CHRONICLE
1004
Bond Record
New York Stock Exchange
«»
FRIDAY
Priw*
KnTinv
2wk iS whS
the
italic
The
for
interest"—except
-and
are
Friday
BONOS
Interest
Exchange
Last
Period
Sale Price
FOR
a-o
1946-1958
3%s
Treaiury 3%s.
Treasury 3%8.
Treasury 3s—
Treasury
109.24
m-8
J!!!!"!!!!!!
*103.17
•103.18
J-D
•110.12
♦111.25
m-S
112.25
101.11
110.14
3
110.14
113.6
"114.5
106.11
2
106.11
114.7
»
•
,113.2
M-S
1950-1952
*106.9
106.11
*107.15
107.17
*108.15
M-S
M-S
*105.3
*105.5
1^-1967
J-D
2%s ——
Treasury 2%s
June
Treasury 2 %s ————Dec.
Treasury 2%s
■
}Sa?~iSzS
J9J4-1969
Treasury
107.4
Treasury
1964-1969
1965-1970
*—1966-1971
2 %s——-—...'-1967-1972
M-S
m—mm
100.17
102.2
27
102.19
107.26
107.26
100.10
39
102.3
1952-1955
1954-1950
2%s
J-J
*103.9
J-D
*108.20
:
M-S
102.21
102.26
103.11
Treasury
2'As
Treasury
J-D
*104.3
107.19
107.26
*102.12
..Dec 1948-1950
J-D
*104.22
104.24
Treasury
Treasury
2s——
Treasury
2s
Treasury
Treasury
__Jun 1949-1951
J-J
M-S
*102.12
*102.11
*102.11
102.13
_Sept
1950-1952
M-S
*102.8
M-S
*101.28
*101.30
——June 15 1952-1954
Dec 15 1952-1954
1953-1955
Treasury l%s.
——-—June IB 1948
J-D
Treasury 2s
2s
2s
....
J-D
—
101.20
101.20
J-D
*106.30
*101.22
1945-194*
series M
l%s
*100.11
mm
1961
f 41/8-4%s
1977
i,
100.25
101.20
100.17
57
101.9
100.13
;•
—
J-D
1980
el 18%
119
120
101.9
112%
120
f 7s
1948
AGtd sink fund 6s
Akershus
(King of Norway)
AAntloqula
4s
'77
J-J
f 7s series B
1945
s
f 7s series C
1945
f 7s series D
1943
AExternal
s
f 7s
s
a-0
a-0
V
AExternal
s
f 7s 3rd series—1957
a-0
AAntwerp (City) external 5s
1958
Argentine (National Government)—
S f external 4%a
38
37%
4
35
38
37%
1
34
37%
86
36%
/;;/
f 7s 2d series—1957
sec
series
36%
1957
s
1st
80
35
37
37
AExternal sec
•
79
~7
37%
j-j
AExternal
"
67%
37%
37
j-j
8
*79
i-j
AExternal
AExternal
62%
34
2
37%
30
37%
*32
33
33
33
J-D
33
~2
30
33
33
'
33
3
30
33
86%
91
*88
—
%
91
bfUmm'r'i
1948
M-N
1971
M-N
mmim
99%
99%
15
95
99%
8 f extl conv loan 4s Feb
1972
F-A
95
94 %
95
36
90
95%
Apr
.1972
(Commonw'lth) 5s of '25-1955
A-0
95
94%
95
28
90%
95
55
99%
1957
M-S
8 f extl conv loan 4s
Australia
External
5s
of
1927
External g 4%s of 1928
Belgium
external
External
External
8
s
3-J
1950
—
J-D
1941
97
Feb
1961
1957
1961
J-D
66%
65
(Int reduced to 3.5%)
s
f 6%s of 1926
J-D
1957 '
60
A-0
1961
(Int reduced to 3.375%)
.
.
s
1 6%s of 1927
Stamped pursuant to Plan A
(Int reduced to 3.375%)
A7s
(Central
*
1979
Chinese
58
A-0
1979
A-0
1952
J-D
Ry)
58
(Int reduced to 3.5%)
1978
J-D
7
18%
17
17%
19
18%
17%
18%
43
17%
19
18%
18%
22
17%
18
18%
18%
13
17%
18%
i
*16%
17%
17%
1928
of
1927
external
Oct
Jan
f $
s
mm*-
loan
66
28
16%
17%
—
26
27
68%
75%
~1
55%
27
a-o
1946
*46
mmmm
M-N
*46
mmmm
f-a
mmmm
1952
J-D
mmmm
1953
*46
mmmm
82%
41%
—
(Int reduced to 3.375% )
External $ bonds of
3%s
Series
No.
33As
Series
No.
Series
No.
Series
No.
4
Series
No.
7;7;77^r:;77:
3
3%s
3%8
A-0
2
3%s
1979
1944 (Plan B)—
1
5
3%s
Series
No.
3%s
No.
No.
Series
No.
9
33/«s
Series
No.
10
Series
No.
II
3%s
3%s
Series
No.
Serels
No.
Series
No.
No.
15
3%s
Series
No.
3%s
Series
No.
Series
No.
59%
—
No.
--For footnotes
see
page
9
32
58
20
e58
14
59%
59%
59 y4
—
*59'A
—
1008.
'
59%
58%
61%
81
83
31
70
mmmm
38
41
10
31%
mmmm
*107
F-a
mmmm
108
3
1977
J-D
1953
J-J
1945
J-D
108
,
110%
107
107%
3
110
110%
108
25
*154%
mmmm
^
A-1951
a-o
1952
a-0
IA Denmark 20-year extl 6s
External gold 5'/2s
1942
J-J
88%
88%
89%
21
1955
F-a
94
External gold 4%s
IA Dominican Rep Cust Ad 5%s
5A 1st series 5%b of 1926
94%
94 y8
a-o
86
86
88
1942
M-S
1940
a-o
#A2d series sink fund 5%s
Customs Admin 5%s 2d series
5'/a 8 1st series
1940
M-S
1969
a-o
1969
a-o
1967
J-J
1945
.1949
72
110%
154
5'/a 8 2d series
AEstonia (Republic of)
ser
B
7s
Finland
(Rep of) ext 6s
French Republic 7s
stamped
unstamped
*81'
--
i'
72
82
'
'
.
*81
'/
*100'%
__
2
7
52%
61
60%
——
51%
60
51%
60
51%
*50
100%
100
100%
63
m-s
98
98
J-D
*106%
44%
98
106%
—
1949
59'A
9
51%
60
e59 %
27
51%
A7s
part
A 6s
part
paid
paid
1964
24
(Republic) s f 6s series A
Helsingfors (City) ext 6%s
s
1960
A-O
M-N
85
Irrigation—
stamped assented
Assented
A Mexico
A
(Prov) 4s readjusted
(US)
to Nov. 5, 1942,
extl 5s of 1899 £
Assented
to
Nov.
5,
1942,
AAssentlng 4s of 1904
A
Assented
to
Nov.
AAssented
to
Nov.
agree
5,
1942,
agree
1945
5,
1942,
7-j
agree
14%
23%
10
96
98%
85
85
1
85
85
16%
100%
102
12%
25
33%
95%
34%
33%
95%
95%
94
95%
10%
10%
*11%
10%
*18%
-
10%
1.
*19
18%
mmmmt
60
-
""
59
59
mmmm,"
51%
61
1
51%
58%
16%
16
17
12
13
11
10%
13
10%
10%
19
9%
*16%
*13%
3
11
16
14%
SECURITIES
PAUL MARKS 4 po. ma
FOREIGN SECURITIES SPECIALISTS
J*
50 Broad St., New York 4, N. Y.
Teletype N. Y. 1-971
16%
12%
__
FIRM TRADING MARKETS
Telephone HAnover 2-0050
18%
16%
13
For Financial Institutions
FOREIGN
24%
33%
Q-J
7-d
32
97
*24
"qIJ
agree
1954
27
23%
*102%
10%
1943
1943
Assenting 5s of 1899
24%
97
a-o
5.B60
f 5s
1952
23%
22%
1968
Haiti
60
58%
46%
98
106%
Greek Government—
61
59%
'•:*
♦100% 101
59%
23
—
88
100%
100%
59%
52
94%
77
100%
——
100% 100%
100% 100%
79
89%
80
7
100% 100%
—
74
81%
'
60
52%
1
108%
110
a-0
1961
105%
10
1962
41
108
154
'' ' ''
61
53
83%
mmmm
M-N
M-S
61
52
51%
62
*59%
—
19
52
52
7
71%
59
60
58
18
Series
4
*59%
___
17
3%s
37
*59%
16
3%s
10
60%
58
7'
__
14
Series
50%
e58
.
*
13
3%s
—.
61
60%
58
—
—
52
'
84%
M-N
61
12
59
e58
i
e59%
12
3%s
—
777:7:
52%
52
59
i7-
7
52
2
/-mm
•
60
59
60%
.
:7«.-»7
8
3%s
mmm^
7
Series
33As
>
7—«7;::'77,:'
e60 % e60%
*61
72
__
___
■-
♦55
60
77.774^777
—
6
3%s Series
60
42
72%
11
1949
debt
43
42
.
mmmm
84
funding bonds of 1931
Stamped pursuant to Plan A
^
42
'
59%
5%
76
41%
mmmm
55%
1949
Wks
76
69
48%
-
1951
AAssentlng 4s of 1910
59%
17%
—
*76
1947
4'/2s
ASinking fund 8s series
A
54
17
*26%
M-N
2
18
75%
1943
—
18%
mmrnm
54%
A4%s
65
18
17'A
75%
Mexican
66
18%
17%
2
55
66%
66
17%
1
mmmm
17%
J-J
59%
58
18%
a-o
106%
52
17%
18%
18
17%
17%
a-o
105%
3
18%
17%
1961
J-D
65
17%
19%
10
1947
Rica (Rep of) 7s
(Republic of) 5s of 1914
external
1901
1954
58
•
t—
1970
bonds
Mendoza
57%
18
*16%
j-d
100 %
58
17%
18
.
*16%
M-S
1931
(Hukuang Ry) 5s
17%
*16%
M-S
i960
Irish Free State extl
653A
'
1
i-t CO
a-o
'■•*«."
;
—
18%
j-d
8
58
19%
18%
mmmm
1957
'::7-737H
64%
58
—.
'
.Stamped pursuant to Plan A
,
58
63
—
18%
18%
(Republic of)—
of
A
;
A-0
1957
19
19
1
I960
Cons Munlc 7s
assented
100
60
18%
19%
mmmrn
1954
53.
57%
17%
19%
mm mm
AJugoslavia (State Mtge Bk) 7s
AMedellln
(Colombia) 6%s
'
60
18%
M-N
100%
2
19
17%
a-0
95%
21
19%
18%
1
M-N
7
64%
17%
1
49
1902
102
'
19
74
18%
19
19
1962
assented
10
60
63
64'A
18%
18%
a-0
Mortgage Bank 6%s
100%
66%
19%
'
100%
,
19%
17%
18%
mm mm
J-D
'
1978
Stamped pursuant to Plan A
AExternal
102%
18%
14
18
J-D
1961
40
"6
18%
19
J-D
1961
105%
36
18%
J-D
1957
105%
104
18%
M-S
Sep
104
19%
18
J-J
1901
1
2
•'
45
19
18%
'■mrnmrn
J-J
Sep
102%
19%
f-a
1901
1961
105%
102
18
18%
a-o
Jan
105%
102%
19%
'mmmrn'
f-a
1
106% 106%
mm mm
100
102%
*39%
a-o
Jan
102%
3
mmrrn
mm mm
105% 105'%
mmmm
mm mm
M-N
110
100
*101
—
Stamped pursuant to Plan A
f: A External
61
100% 100%
J-J
—1953
IA Brazil (U 8 of) external 8a
100
100%
3
101% 102%
101% 102
M-S
1953
f 7s
102%
M-N
1949
6%s
f 6s
101% 101%
.'"ii.
108
105% 105%
mmmm
■
M-N
1901
A6 '/2s assented
:
-
J-J
M-N
7s
S f conv loan 4%s
106%
*102% 102%
M-N
External
61
10
108
*105%
a-0
4Vis
61
"i
110%
'
J-J
1963
Cuba
1-1693
109%
105% 105%
105%
J-J
*
63%
57
108
J-J
Feb
Mtge Bank 6%s
ASinking fund 7s of 1926
ASinking fund 7s of 1927>_
Copenhagen (City) 5s
25-year gold 4'/28
*66
M-8
1943
mm-mm
J-J
90
110'A 110%
M-N
1948
1900
»A Costa
*66
''"'V /
A,
a-0
1968
coll 7s A
(Dept)
.
mm-rnm
1942
A6s assented
»
f-a
J-J
i960
f 6s
5>/aS
;
A Czechoslovakia
(Rep of) 8s
1947
rn*mm
1942
s
A Colombia
Foreign Govt. St Municipal
Agricultural Mtge Bank (Colombia)—
6s
a-0
a-0
A Public
sink fund
63
1958
Sinking fund 5%s
AGtd
83
1 ':
1902
A 6s
NY
88
6
1963
3s
Broadway, New York
80%
10
1953
assented
A 6s
REctor 2-2300
86%
86'A
63%
1954
mm
80%
80%
89
15
sinking fund 6s
Colombia
Teletype
mm
mmmm
61
28
v
88
1962
A 7s
Wertheim & Co.
'
86
89
13
assented
A Chilean
Membera New York Stock Exchange
_
85%
63%
mm mm
y-s
A 6s
Telephone
98
'
1968
AGuaranteed sink fund 6s
Foreign Securities
99
102
84%
87%
15
AGuaranteed sink fund 6s
a
,
84
A-O
1967
s
*90%
J-J
Jan
ASinking fund 63As
120%
95%
"101
102
M-N
1901
A Chile
—
47
84%
AExternal sinking fund 6s
A 6s assented
101.27
107
101.24
mmrnrn
M-8
F-A
AExternal sinking fund 6s
A 6s assented
101.25
100.13
'
101.27
*98% 100
59%
53
97%
10
■
1960
assented
A 6s
99
53
m—m
1970
30-yr 4s
(City) 8s
(Rep) External
AExtl
55 %
52%
7§7.7 57,.';
1984
3s
ARy external
102.10 102.10
"
■mmmm
51%
60
59%
1961
(Dom of)
A6s
58%
3973
.
external 8ft bonds
A6s
60
59
51%
60
*101
M-S
,
1970
f 4%-4%s
s
51%
52
6
(Province of)—
A63As assented
Corporate Stock—
F-A
99
60
rnmmrn'
60
98%
J-D
Jan
mm
Transit Unification Issue—
3%
1958
.1950
6s
M-S
■
City
York
New
59%
1957
stamped
s
V
mmpim
59%
*59%
Jan
mm
101.29 101.29
mmmm
7
,
J-D
fund gold
*59%
-
.
AExternal sinking fund 6s
A6s assented
AExtl sinking fund 6s
104.24
,
J-D
28
3s
Loan Corp—
Home Owners'
30
^7s assented
102
J-D
29
No.
A Chile
:
101.30
.1951-1955
No.
A Carlsbad
-v
'
102.10
1951-1953
104.24
„_-.v
mmmm
102.13
M-S
Treasury 2s——
Treasury 2s
Treasury 2s.
Treasury
.
.
——
102.26
__
102.14
J-D
No.
Series
3%8_*
——
mmmm
102.18
Sep 1949-1951
Aarch 1950-1952
■
100.27
—-
Dec 1949-1951
2s_.
2s——..
Treasury 2s
Treasury
*102.16
Series
Series
58
3s
■■'•v-'-'ii*
14
102.14
25
3s
—.
V
104.5
M-S
2s————————1947
2s
Mar 1948-1950
*59'A
30-year
2'As
102.3
102.19
11
*59%
25-year
30-yea*
102.2
100.18
100.30
l
4
108.22
1956-1959
2*48
Treasury
60 %
26
Canada
'
Treasury
51%
27
External
101.25
102.19
J-D
60%
m—m-
No.
3%
102.4
100.15
101.10
.
51%
No.
A 6s
100.28
13
101.25
101.3
__
54
No.
Refunding s f 41A-41/2s
External readj 4%-4%s
—
100.18. 101.12
2
101.12
M-S
Treasury 2%s—
•
101.7
M-S
100.28
"
102.4
101.7
101.7
;?■
8
101.12
J-D
60%
Series
Buenos Aires
107.8
-a.
101.12
J-D
58
Series
External
101.31
101.12
101.12
51%
59%
__
-
*101.29
J-D
19
Series
Sinking
'■'''mmmm
105.7
Treasury 2.%s
59%
*59 %
(City) s f 5s
Sinking fund gold 5s
105.5
M-S
24
60
59%
-
Brisbane
108.17
1952-1954
.1956-1958
Treasury
No.
33As
114.2
,m~mm
101.25
J-D
194a
1949-1953
Series
60
58
59'A
'
33As
112.10
112.23
■
mmmm
*101.23
23
33As
110.14
112.10
.
J-D
No.
61
52
59%
33As
106.11
112.21
•'
113.13
J-D
22
Series
High
51%
1
58
33As
101.17
110.14
21
No.
Low
No.
58
33As
113.27
2
*113.4
No.
33As
111.9
'
iqas
2%s,
2%s
2,/2s
Treasury 2%s
111.4
5
*113.11
Series
Series
Range Since
January 1
Sold
Low
jf
20
33As
103.19
113.27
m-S
No.
Bonds
Friday's
(Continued)—
Series
33As
.
or
Bid & Asked
High
■'777
bonds
$
Week's Range
Last
tie Price
—
103.19
—»
111.27
J-D
Treasury 2%8
Treasury
33As
103.20
101.11
106.11
106.11
M-S
Interest
(Continned)
External
103.27
113.25
113.27
J-D
Treasury
Brazil
109.24
101.11
m-S
SK'SK
}S«S"f222
Treasury 2%s
103.20
103.15
m-S
Friday
Now York 8tock Exchange
,
Period
High
110.14
•103.13
JoIq'iSJi
2%s
r
of
2
33As
103.25
103.20
J-D
1931-1955
Treasury 2%s
109.24
5
103.19
J-D
.1955-1960
27/«s
2%s
Treasury 2%s
Treasury 2%s
Treasury 2%s
Low
109.24
.1946-1948
3s_
MARCH
January 1
No.
Low
.1949-1952
Treasury
Treasury
are the only transactions
the range for the year.
the week'* range, unless they
BONDS
Sold
-
..1946-1949
Treasury
ENDING
Range Since
Bonds
Friday's
Bid & Asked
High
Treasury 4%«
WEEK
Week's Range
or
0,8. Government
Treasury
are disregarded In
computing
shown In a footnote In the week In which they occur. No account la taken of rich sale* In oomput
the column headed "Interest Period" Indicate In each case the month whan the *md# matureRANGF.
Treasury
YEARLY
-
outside of the regular weekly range are
letters In
New York Stock
WEEKLY
-
Cash and deferred delivery ealee
end defaulted bonds.
Income
Monday, March 5, 1945
14%
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
161
"V"-
•
•
YORK
NEW
K.j
RANGE
FOR
RECORD
BOND
WEEK
1005
itfARCH 2
ENDING
v
Week's Range
or Friday's
Friday
bond s
Interest
Last
Period
Sale Price
A
A;.
_
Bonds
Range Since
Bid & Asked
Sold
January 1
Low
Exchange
Stock
New Tork
No.
Low
High
High
Mexico— (Continued)—
ijs
8 A Treasury
AAssented
Mina&
A Sec
assent
1913
oi
to
Nov.
5,
1933
1942,
♦22%
J-J
external
1958
ASec external
f b%s
s
1959
M-S
38%
42%
37
26
42%
37
3
42%
41
42 3/i
37
37
MS
41
37
f 6%s
s
Stamped pursuant to Plan A
(Int reduced to 2.125%)
Railroad Reorganization Securities
|
*15%
agree
(Slate;—
ueraea
37
38%
37
118
PFLUGFELDER, BAMPTON & RUST
42%
37
118
9
Stamped pursuant to Plan A
(Int reduced to 2.125%)_
AMontevldeo
A 6s
New
•
1952
A
Wales
J-D
*115
1959
7s
(City)
series
South
-----
M-W
*105
F-A
A-O
100
99% 100
1956
M-S
101
100% 101
_1965
A-O
Norway
5a_
4Vis
(Kingdom of)
External
4s sink
srnk
4%s
fund
Municipal Bank extl
Oslo
1963
f 5s
s
A Panama
tKepr exu
» 1
J-D
1988
iCtty) sink fund -4%»
i)s «er-A_i9t>3
A
Stamped assented 5s
Stamp mod 3%s ext to
98%
F-A
1970
fund extl loan
11
100%
98%
6
1947
7s
(State of)
reduced
88
2
•
91
Atlanta
1st
J-D
96
^
96
95
General
95
96'A
L &
105%
2
105% 105%
M-S
.r;=. 9
'■
M-S
*41%
38% : ,43.
__
—
M-S
23 Vi
23%
13
18%
22
21
22%
314
18%
22
20%
22 Vi
158
18%
A-0
*25
A-O
*21
14%
1947
A-0
*31 Va
loan 8 f 7s_
1968
gold 8s
1950
——.—.1963
A4Vis assented—
1961
Alegre (City of) 8s
Stamped pursuant to Plan A
(Int reduced to 2.375%)
.
to
reduced
extl/6s},
reduced to
sec
24%
36
Ref ft gen ser A (int at
Dec 1 1946) due
3p%
21
14%
24%
Ref
44%
44'A
45%
41
\
38
*55%
5
101%
1
42'/a
46%
41
41
1
41
41
41%
10
37
41%
39
15
36%
39
F-A
40%
2012
F-A
37%
102% 102%
__
103
A-0
j-D
J-D
45%
1
49
49
loan of
A 7s external
2%)
1966
1926
to Plan A
2.25% )_—2004
A7s
municipal loan
1967
Stamped pursuant to Plan A
(Int reduced to 2.25%)
2004
1964
1952
Santa Pe external sink fund 4s
(City of Brazil*
ASao Paulo
8s
Stamped pursuant to Plan A
(Int reduced to 2.375%)
49
Paulo
1957
(State)
2012
1930
8s
1999
1950
external
Stamped pursuant to Plan A
(Int reduced to 2.5%)
extl
water
1999
1956
loan
Stamped pursuant to Plan A
(Int reduced to 2.25%)
2004
1968
dollar loan
A6s extl
f
s
1
if-8
M-S
*38%
J-J
37%
37%
__
37%
45%
37%
47%
43%
50%
45
45
45
47
40%
43%
39%
41%
J-J
41%
5
40
37 A
J-J
*36
78%
A-0
•
37
••<-?/
78% ';v
76
42
38
a.
M-N
76
12
27%
73
12
26%
1
22
24
39
26'A
22
22
23%
24
9
100'A 102
F-A
4
F-A
Af-N
*100
26%
102
105
105
"
If-N
80%
*71
84'A
84%
J-J
*70
1946
1949
104%
Af-S
F-A
1961
1966
3s conv debentures
1956
Amer Tobacco Co deb 3s
1962
3s debentures
1969
Am Wat Wks & Elec 6s series A—1975
A Anglo-Chilean Nitrate deb
1967
Ann Arbor 1st gold 4s
1995
Ark & Memphis Ry Bdge & Term 5s 1964
Stamped
Conv
Conv
Atl
A-O
*103% 104
Af-S
& Nor
footnotes
see
page
99
86%
96%
97%
'
94
95%
95%
32
86%
95%
102% 102%
2
102%
102%
Telephone of Pa 5s series C—1960
A-O
130% 130%
21
129%
1311/4
Indus
Loan
1950
.
.
J-D
1956
2%s
debentures
mtge
mtge
A-O
_1959
100%
-.
*101%
—
101'A
101%
*101'/a
__
107% 107%
F-A
M-S
1961
1960
July 1970
107
A-O
1st
gold 4%s series JJ
1st
mtge 4s
series RR
AInc mtge 4%s ser A
M-N
J-J
101%
ref
4s s
105%
104
"J';
104
98
102%
75%
74 Va
76
56
70%
68
66 %
68
15
63%
107% 108
16
107%
F-A
'Oi':
A'.'
80'/4
75
108%
V
-T.
M-N
*106%
100'A 100 ii
9
100%
M-N
10912 10912
1
10912
M-S
—1969
4
1969
108'A 108"%
19
107%
108%
106% 107%
41
105%
107%
109%
110%
M-S
F-A
1981
Niag Elec 3%s series C—1967
Buffalo
104
••
107%
106
/ 19
102%
101
102%
K
105%
105%
2
■■
107%
104
16
*106'A 107'A
M-N
1947
6s series A
-.-A
106%
106%
F-A
1955
Bklyn Edison cons M 3'As—
1966
Bklyn Union El 1st gold 5s
1950
Bklyn Union Gas 1st cons gold 5s_1945
mtge s f 3%s
f debentures
■
5
M-N
fABoston & N Y Air L 1st 4s
lien &
% y
12
107'A
105% 106
A
105% 105'A
106
I
105 %
107
F-A
15
105
J-J
1960
1965
3s series G
3'As series H
u—'
*110% 110%
101,3»
110 A
J-D
Buffalo Rochester & Pgh Ry—
modified
at
(interest
to May 1, 1947) due
Stamped
3%
1957
5
A Certificates
Bush Terminal
of
M-N
79
77
80%
249
73%
85%
1934 ' '
A-O
35%
32
36
145
31%
38%
31
JBurlington Cedar Rap ft Nor—
§ Alst & coll 5s
31
A-O
102%
deposit
-1952
1st 4s
J-J
1955
1960
Consolidated 5s
Bush Term Bldgs 5s gtd
Elec
Calif Oregon
Power
31
1
•A
34%
5
101%
102%
92
19
86%
92%
100% 102
10
97%
102
106%
108
102% 102%
91
ii;/?;
A-O
11
;
4'As
&
Alst
96% 105
U P 1st gold 4s
mtge 5s
1964
1st
Div
Illinois
Central
109
102%
94
103%
96
98%
104%
109%
108
109%
M-S
121%
121
198
116
124%
registered
4s
N
Guaranteed
101%
104%
100%
103%
Ref
ft
112
112
112
115%
Ref
& impt
gold
M 3'As series E
71
81
Q-J
94
98%
R &
J-D
105%
105 %
2d
consol gold 4s
104%
106%
"7
J-D
1946
J-D
*110%
__
*__-_ 108
103%
104%
8
73
62
86
54%
56%
177
53%
05 %
16%
15%
16%
54
14%
19%
16
15%
16
83
'14%
56
•78%
v
%;" 93
17%
.67
67
10
66
72%
*29%
32%
—t-
20
35
"l
106%
108
108
98
99
33
43%
390
38
38%
40%
627:
105%
36%
38
99
-47%
*
44
53
34%
105% 105%
42
103%
105%
108%
34
107%
109
99% 101%
158
96%
33
101%
103%
108
101
108
96
40%
36
42
•108
38
,41%
38
101%
,108%
*85%
M-8
102%
M-S
M-N
F-A
105%
86 A
102% 103'A
*?7
85
140%
144
105% 105%
15
105
106%
105%
8
104
106%
103
103
128%
128%
*143%
105
J-J
J-J
J-J
A-O
•128%
J-J
—
*103
1977
1st & ref 4'As series B
129%
131%
120%
117
121 %
110%
111111%
*111
10
—
T
*125
38%
39%
742
112% 113 %
10
111%
36%
32
44%
Chicago Burlington & Quincy RR—
115%
121%
83%
106
103% 103'/a
76%
F-A
Af-N
1989
1989
General 4s
J-D
+
104%
90%
F-A
—1946
1st cons gold 4s
A Div
lACl.lcago & Alton RR ref 3s
"7
110%
78
52
1949
Potts Creek Br 1st 4s
20
50
111%
108%
e
:
105% 106
105%"
1958
23
98 Vi
121%
111%
9
-
37
1992
1990
1996
impt mtge 3'As D
81
121
80
113%
15
108% 108%
80
102%
105 %
107%
5
'
98
131% 131 Vi
96%
104%
111% 111%
80
J-J
—1960
5s—
80
131%
107%
-
31
104%
-
"112% 112%
F-A
Jan
Nov
106%
*104
89%
A-O
Chesapeake & Ohio Ry—
General gold 4'As
41
25
/••V 15
"100% 102%
102%
40%
to Aug 1 1949)—-——1974
161
106%
115
74%
J-J
J-J
8 A Central RR & Banking 5s stmp_1942
Certain-teed Prod 5'As A
1948
103% 103%
106
119%
112%
1987
1st & ref series A
103% 104 %
M-S
120%
115%
16
76%
1st ref gtd gold 4s_1949
Central Pacific
104
4
116%
10
90
1974
Power 3s
Y
103%
105% 105%
52
106% 107
106%
A-O
1961
1987
—1987
4S——1987
AGeneral
Central
V (4%%
108
Af-S
120'A 120%
114% 115
J-J
1966
tACent New Eng 1st gtd 4s
fACentral of N J gen gold 5s
6s registered
41
16
m%
/
J-D
1940
Light 3%s
103%
29
113
117%
116%
.
A-O
1959
1959
gold 5s
104%
108% 109%
A-O
116'/a
A
F-A
M-N
A-O
1945
gold 4s__1951
103
89%
5
J-J
J-D
-1945
•—
ARef & gen 5'As series B
ARef & gen 5s series C
A Mobile
2
279
J-J
.
1948
Nov
103%
109%
98%
.
1955
AChatt Div pur money
108% 109%
M-N
1962
119%
6
11
-
119% 119%
120%
115
111%
debs.
104%
102
96
F-A
116%
"
M-S
3%s debs
104%
104!g
97
.1965
—1981
1
117% 117%
J-J
Clinch & Ohio 4s
Branch
A Cent
119% 119%
M-S
.1949
106
116%
96
tCentral of Georgia Ry—
2,547
96
J-J
A-O
F-A
J-D
F-A
103%
112
-.A
115% 116%
J-D
1960
Adir 1st gtd gold 4s
18%
.11.?^:
109%
A-0
-117% 117%
-1957
deb stk perpetual
13
•
102%
103% 104%
121%
J-J
A
Canadian Northern Ry deb 6%s__-1946
Celotex Corp 3%s
100%
1
97%
•106
gold 4%s_.—.1951
22
102
<
__
105%
M-N
A-O
J-J
Guaranteed gold 5s
Oct 1969
Guaranteed gold 5s—1970
Guaranteed gold 4%s
1955
Guaranteed gfild 4'As
1956
18%
100%
101%
„
A-O
1974
1962
Canadian National gold 4%s
trust
♦107% 108%
-.1968
3%s
Power 3%s
Soucnern cons gtd 5s
Celanese Corp
109%
1960
1008.
94%
J-J
70
A-0
1955
1st gold 5s.
104
A-O
86%
J-D
1955
of 1909
99
1951
104%
103%
*104% 108
Af-N
AO
1905
98%
1951
1st 3%s
108%
103
103
A-O
M-N
gold 4s of 1910
Knox
For
of
4s
4s
gold 4s
Conv 4s
5
J-J
1995
gold
99
stamped—.
103
104% 104%
M-N
j—--1995
_TIAX1995
4s
Adjustment
M-N
91
78%
(Del)—
3Vis series E
Atchison Topeka & Santa Fe—
General
12
104% 105
Telephone & Telegraph Co.—
debentures
debentures
Co
1,124
86%
Cart
*140
J-D
J-D
*102%
104 Vi rl08
&
68%
13
Carolina
13
*100
mtge
62%
28
80
18%
*100
1st
68
95%
80%
17%
18
A-O
Armour
F-A
97'A
74%
6
"l
A-0
3 Vis
231
95
2
21
A-O
3 Vis
79%
1951
tIACarolina Central 1st gtd 4s
Certificates of deposit
—
J948
American
75%
95%
85
21
F-A
1947
5Vis
68%
75%
79%
:
J-J
70
84%
—1948
conv
79%
55
79%
M-S
1951
75 %
80
3'is—1946
Allegheny Corp 3 Vis sec conv
1954
Alleghany & West 1st gtd 4s
1998
Am & Foreign Pow deb 5s
2030
G Chem
79%
66%
m-S
to
ref 4s
72
84
80
80
J-D
Albany & Susquehanna RR
Amer I
66%
96%
IA Consol gold 58—
Albany Perfor Wrap Pap 6s
6s with warrants assented
90
318
79%
(int at 3%%
31
83%
84
1953
1953
1948
1967
1st mtge 3Vis_—1972
Power
Alabama
75%
96%
Collateral
JAbitibi Power & Paper—
10-year deb 4 Vis stamped
Great Southern 3 Vis
339
94%
1947)
Can Pac Ry 4%
„
Industrial Companies
Alabama
89%
1990
(int at 1%
1st M
Guaranteed
*100
Af-N
17%
100
*100
: -i-
gold 4s
86
79%
64
—
24
26%
J-D
F-A
Adams Express coll tr
Coll trust 4s of 1907
89%
37%
66%
15
27 Va
26
Af-N
A4Vii assented-— ..——1958
;
80
J-D
96%
California
F-A
plain
i
66%
95%
Canada
Af-N
series A
492
Boston & Maine 1st 5s A C-—-1967
1st M 5s series II
1955
43%
45%
__J
*43'/a
M-S
J-D
AStamped
99%
80
J-J
Consol
41%
*__
J-J
1978
-1984
1958
5 A5s
104%
101
75%
J-J
Gen
*40
J-J
1979
external 7s
44%
:»f
J-D
1979
readjustment
94
42%
—
*48%
1960
1964
3 Vis extl readjustment—
36%
■
1978
and
103% 104%
79%.
2000
Consol mtge 3%s series F
44
90%
__
37%
extl conv
(City)
104
Bethlehem Steel Corporation—
41
*39%
J-J
conversion
4-4%-4%s extl
Railroad
43%
30
95
*44%
1948
6s—
readjustment
External
A-O
Feb 1 1960
1
Jan
Beneficial
36
36
40%
*„.
($ bonds of 1937)—
3%-4%-4^
103%
(int at 1 % to
due
Beech Creek Extension
35
36
„
*__
Af-N
1955
AExternal sink fund 6s
AExternal sink fund
*42%
*—
1958
A4Vis assented
External
J-D
1978
Sydney (City) s f 5Vis
A Uruguay (Republic) extl 8s
3%s-4-4%a
98%
1959
Con
41%
39%
40%
*__
A-0
(Kingdom)—
a 8s secured
1962
A 7s series B sec extl
—1962
A Silesia
(Prov of) extl 7s
1958
A Warsaw
36%
35
—
__
*42%
M-N
J-J
Slovenes
external
~
y 272
1%%
due
ser F
Consol
2012
1940
7s
'Stamped pursuant to Plan A
(Int reduced to 3.5%)
Serbs Croats
102% 103%
'MtV'Cv'
Stamped pursuant to Plan A
A
(Int reduced to 2%)-5 A Secured
103
J-D
Buffalo Gen Elec 4%s B__
Stamped pursuant to Plan A
(Int reduced to 2.5%)
A7s
104%
1950
1st
Stamped pursuant to Plan A
(Int. reduced to 2%)
A 8s
—
35
35
—
A6'is extl secured s f
|ASan
*39 'A
to
reduced
(Int
II
45
pursuant
Stamped
9
due
2%s
it
46%
104% 104 %
& Aroostook RR—
Bangor
Bell
1940
to
50
105
104%
239
to
4s
Plan A
.-2012
reduced to
(Int
(int at
1946)
S'west Div
A
reduced
106%
40%
8 ;
:•
v
Toledo Cin Div ref ,4« A
6Vis
Stamped pursuant
ser C
1
due
A Conv
46
A-0
102%
40% '41
| 41
108
44
57
46
45
45%
105%
to
Pgh L E & W Va System—
Ref gold 4s extended to
—
46
F-A
A-0
108%
96%
32
1995
1%
Sep 1 1946) due
*1_
M-N
pursuant to Plan A
to 2.5%)
1999
external sink fund gold
1968
AGs
Dec
Ref & gen
Stamped
(Int
& gen
to
Sep 1 1946)
47
104%
262
1995
16
*43%
74
108
105% 106%
'
25 Va
J-J
1
A-O
mtge gold 4s
July 1948
Stamped modified bonds—
1st mtge gold (int at 4% to
Oct 1 1946) due
July 1948
60
11
107%
RR—
23%
2001
1953
2.375%)
extl loan of 1921
A 8s
Ohio
1st
45
1947
Stamped pursuant to Plan
(Int reduced to 2% )__
Rio Grande do Sifl (State of)—
Baltimore ft
*18
1946
de
AExternal
MS
Refining deb 3s
*19%
2006
(City of Greater) 7Vis—1952
(Int
1953
A
Janeiro/ iCity/of» 8s
-Stamped pursuant jto Plan A
(
J-J
Ref & gen ser D
-1966
to Plan
2.25% )
pursuant
(StaCe)
1948
—
*44%
105%
108%
105
105%
J-J
2001
AExternal loan 7Vis
ARJo
1948
107
106%
M-N
A-O
J-D
High
41
105% 106%
108
J-D
Oct
J-J
J-J
January 1
Low
No.
,
106
M-S
1
1952
24
sink fund
Queensland
4s____July 1952
A..
1964
23
1940
1958
Range Since
Sold
High
B
23
A-O
APorto
(Int
1st cons
gold 4s
24
J-D
A4Vis assented
APrague
M-N
1963
unified 4 Vis
coll
N
Bonds
Bid & Asked
Ry—
4Q%-A40% A
4
40 Vi
1961
(Rep of) gold 6s
Stamped
40 Vi
1960
A4 V28 assented
A External
M-S
1959
Loan extl
A Stabilization
Last
Sale Price
Atlantic & Danville Ry 1st 4s
Second mortgage 4s
105%
1st ser
loan extl 8 f 6s
ANat
lAPoland
Line
Air
mortgage 3%s
95 A
*92
96
f 6s 2d ser
A Nat
s
Charlotte
&
Atlantic Coast
*92
M-N
Interest
Exchange
Low
•
M-N
Stock
Period
88
88%
New York
*
2008
2.125%)
to
external 7s
(Rep of)
Teletype—NY 1-310
Week's Range
or Friday's
99
*-♦»
91
Friday
99%
£'8 %
Stamped pursuant to Plan A
A Peru
Exchange
New York 6
BONDS
101
4
—
91
100
■
(Int
Slock
>}
Bell
Atlantic
_1963
1994
1967
—
Ext sec ref 3Vis series B
Apernarabuco
,
100
97
,,,
4
98%
*88Va
A-O
:
99'A
99'/a
977a
.2
99%
99%
1957
1958
1
York
Telephone—DIgby 4-4933
External
a
New
Broadway "
(State)—
External a I 5a
'
Membera
61
111
110%
111%
Chicago & Erie
110
110%
Chicago Gt West 1st 4s series A
1st
&
ref mtge 3%s
F-A
F-A
-1974
113
115
114'A 115
34
112'A
115
105%
105% 106 %
27
104%
106%
Chicago & Eastern 111 RR—
AGen
AGen
mtge
inc
inc
1997
(conv)
1st gold 5s
mtge 4'As
-
1982
1988
2038
J-J
Af-N
/ J-J
,
,
J-J
113%
71%
73%
60
71%
71%
415
A, 94%
97%
99
90%
97%
69%
73'A
65
65%
74%
66
132
*134
„
132
THE COMMERCIAL & FINANCIAL CHRONICLE
NEW YORK
range
for
BOND
week
ending
RECORD
march
2
bonds
BONDS
Last
Period
Sale Price
Bonds
Sold
Low
or
Friday's
High
series A
.
1960
A 1st & gen 6s series B__—May 1966
Chicago Ind & Sou 50-year 4s
1956
(Chicago Milwaukee ti St Paul—
AGen 4s series A
,__May 11989
AGen gold 3Vis series B__May 11989
AGen 4'%s series C
May 11989
AGen 4 Vis series E
May 11989
AGeD 4%s series F
May 11989
1st
&
gen 5s
(Chic Milw St Paul & Pac RR—
AMtge gold 5s series A__
—1975
AConv adjustment 5s
Jan 12000
Chicago & North Western Ry—
1st Si gen mtge 4s ser A
2nd mtge conv income 4%s
Des Plaines Valley Div 4s
1st 5s stpd
(f a Chicago Railways
25% part paid
_7__--1927
Island & Pacific Ry-—
-—1988
(Chicago Rock
AGeneral 4s
a
4s
City & Pacific Div
Sioux
1989
1999
-1969
1969
of
Certificates
J A Refunding
1934
1952
1960
1951
gold 4s
84
.11
84 Vi
80
79'%
80
43
79
74%
74%
9
72
80
16'%
16%
16%
19
15%
21
17%
18
10
J-J
v
106'%
102
16%
4
106'% 106%
104
128
92%
104
99
30
88'%
99
103'%
98%
J-J
106%
105 Vi 107%
95%
107%
J-J
106%
105% 107
58
96
19
96%
109
203
109
F-A
81%
79%
82
1,648
69
A-0
21
19%
21'%
2,576
17%
J-J
t
27
87'%
883
77%
103%
103%
103
103%
103% 103%
104%
20
80
19
81%
83%
80%
83
52%
49
53%
58%
55 '%
1,772
47%
56%
52 Vi
62%
59
15%
16%
1,091
13%
2
Southeastern 1st 5s—1960
guaranteed 5s
Dec 11960
ACertificates of deposit
J-D
Memphis Div 1st
1951
gold 4s
Income
Union Station—
Chicago
1st
mtge 3'/8s series
1st
F
j963
mtge
1963
-1952
1962
2%s ser G —
West Indiana com 4s
4Vis series D
Chic &
1st & ref
(SAChilds Co deb 5s
JADebenture 5s
(AChoctaw Ok Si Gulf cons 5s
Cincinnati Gas Si. Elec 3Vis
1st mtge 3Vi8__
—
Cincinnati Union Terminal—
1st mtge gtd 3%s series E
1st mtge,2%s ser G
Cleve Cin
1943
1957
1952
1966
—1967
1969
1974
Chic & St Louis Ry—
______—1961
extl gold 4s—1948
El 3Vis
1970
Columbus & Tol 1st extl 4s——-1959
Commonwealth Edison Co—
Conv debs 3Vis
1958
1st mtge 3s series L
——1977
Conn Ry & L 1st & ref 4Vis
.1951
Conn River Power s f 3%s A
1961
Consolidated Edison of New York—
Columbus & H V 1st
Columbus & Sou Ohio
3Vis
1948
debentures
&
1950
debentures
Consolidated Oil conv deb
3 Vis
3Vis
(AConsol Ry non-conv deb 4s
A Debenture
4s
I
Co—
Consumers Power
J-J
104
104%
*
4
JC6%
16
104%,
102%
109 Va 109%
107%
104%
108
109
105 Vi 105%
6
105%
106%
95
97%
14
90%
97%
A-O
95
95%
9
90%
95%
M-N
78
80
4
76
82
J-J
M-S
105%
A-O
95%
F -A
108 Vi
108 Vi 108%
2
107 Vi
108%
J-D
108 %
107% 108'%
7
106%
108%
J-J
J-J
M-N
J-J
111%
111%
29
102
103%
5
103%
103
107
88%
92
87
88
—
__
88'%
52
103'% 104
104
*107'%
15
108
104
109%
6
109%
106'A 107
44
105%
107 Vi
105%
105% 106
42
104%
106'%
A-O
104%
104% 104%
106
102 Vi
104%
*100'%
101
A-O
M-N
79
__
«...
101
79%
3
79%
105
104% 105%
30
J-J
105
105Vi 106
97%
84
M-N
Vi
A-O
108
74%
103
40
108
82%
105%
103%
1
101
*110%
106%
108
108
109%
F-A
__
110%
*114
J-J
117%
116% 117'%
9
F-A
108 Vi
108% 108%
51
*110%
J-J
F-A
117%
105 Vi
108%
106%
107%
10
102%
103%
A-O
104 Va
104% 104 %
26
103%
104%
J-J
105%
105 Vi 105%
6
105 Vi
106%
103
105 %
6
59%
58%
6,5
61 Vi
2
60
65%
61 Vi
J-J
d57
38
65%
.
debs
Crucible Steel 3 Vis s f debs
lACuba Northern Ry 1st 5Vis
A Deposit
receipts
A Cuba RR 1st 5s gold
A Deposit
receipts
A7Vis series A extended to
ADeposit receipts
1950
1955
Jif-N
105%
11
104%
105%
M-N
107%
107% 108
6
107%
108%
M -N
108 Va
108% 108%
4
107 Vi
108%
109% 109%
4
109
109%
M-N
105% 105%
102%
102% 102%
3
102
102%
103
103
2
102%
103 Vi
J-D
1952
J-J
103
*59
60%
59
60
49%
J-D
49%
5
49
50%
85%
85%
1
85%
85%
50%
1946
50 Vi
4
49%
51%
48%
52
extended to
1946
receipts
3s deb
1959
A-O
Dayton P & L 1st mtge 3s
1970
J-J
72
50
Curtis Publishing Co
*68
j-D
M-3
50
■*67%
71%
*48%
Dayton Union Ry 3Vis series B
1965
Delaware Si Hudson 4s extended—1963
Delaware Power & Light 3s
1973
51
Grande RR—
5 A 1st consol 4s
§ AConsol gold 4 Vis
102
1956
Francisco Sugar coil trust 6s
1950
M-N
Gas Si
1949
M-.S
Af-N
4s
Elec
of Berg
Co cons 5s
50%
101
102%
107% 107%
107
24
J-J
1930
46
98
15
106
(Denver & Rio Grande Western RR—
A General s f 5s—
—1955
64
108
62 Vi
64%
117
64 Vi
64 Vi
10
59%
68%
60'%
•
69%
Steel
Castings 5%s
& Ala Ry 5s
( AGeorgia
Certificates
of
7 Vi
8%
51
5%
12
8
7%
8%
204
5 Va
10
1978
A-O
59
57'%
1965
A-O
Gen & ret mtge 3Vis series G
1968
M-S
ref*38 series H
1970
J-D
Detroit & Mackinac 1st lien gold 4s 1995
J-D
50
50
1995
J-D
29%
28
19el
M-N
1950
M-S
Assented
ARef & impt 5s
Des Plaines Valley
series B
59
62
54%
63%
Ry—
See Chic & N'western Ry.
Gen
series F
Edison 4s
Detroit
&
A Second
gold 4s
Detroit Term & Tunnel 4Vis
Dow Chemical deb 2 Vis
—
Dul Miss & Iron Range Ry 3 Vis—1962
(§ ADul Sou Shore & Atl gold 5s
Puquesne Light 1st M 3Vis
1937
196S
107% 108
J-J
J-J
41
107% 108%
106'%
Certificates
of
<B
J-J
1934
1956
J-D
*103'/a
29%
106
10
!
48
28
3
110 Vi
__
108'%
50
30%
113%
102%
103%
108
109'%
45
——
107 Vi
104%
1956
J-J
gold 5s
Elec Auto-Lite 2 Vis debs
.1950
Elgin Joliet & East Ry 3 Vis
El Paso & S W 1st 5s
54
107Vi 107Vi
5s
stamped-
Empire Gas & Fuel 3Vis—
For
footnotes
see
page
A-O
*103%
A-O
1962
1008.
*154%
Jf-S
1963
.
117% 117%
J-D
1970
1965
J-J
107%
__
__
*106% 107 Vi
107% 108
106Vi 106Vi
102
104
102
*70'%
1st gtd 5s
1947
J-D
1952
106 %
J-J
__
7
96'%
*101%
__
45
5
93%
106'%
72%
1057/s
40
39%
44
23
42'4
96'%
104'%
89 Va
14
43
106
70
41
71
104% 104%
93%
96'%
General 5 Vis series B
94%
10
91%
96'%
37
V
104'%
106 Vi
General 5s series C
1973
120%
120% 121%
—
--
27
__
119'%
121%
133%
131%
131% 133%
20
128 Va
4 Vis series D
1970
J-J
125%
125% 125 Vi
14
121 Va
125 Vi
General 4%s series E
.>-1977
3-j
111'%
111
111'%
42
lio'%
111'%
196*'
J-J
105
106
55
105
106%
105
106
93
103%
106
106
106%
106
109'%
General
mtge
3%s
Gen
mtge
Gen
mtge
3%s ser k
3%s ser l._
1
Gen
mtge
3 Vis ser M
J-J
1960
1970
1980
series
J-J
ctfs
A Debentures
Greyhound
Corp
Gulf Mobile &
Gen
J-J
109'% 109'%
*78%
Feb
debs
15%
16
5
74
81
15'4
14%
13'%
1
103%
104%
16
101'%
104 Vi
104%
104% 104%
J-J
104 '/4
104
104 Vi
2015
ref 3%s series D
A-O
1975
Ohio 4s series B
J-J
92
93%
41
91
103'% 103%
30
98
1969
93
A-O
__
84
27
1959
inc 5s series A
mtge
1st &
*106
Feb
B___
3s
106
J-J
AGreen JBay & West deb ctfs A
95
103%
&
Ship Island RR—
1st & ref Term M 5s stpd
1952
J-J
Gulf States Util 3%» series D
1969
Jf-N
1999
J-J
(gAHousatoriic Ry
1937
M-N
1954
Af-N
1962
J-D
98'%
108% 108 %
"I
98'%
108'%
108 Vi
139%
*98
__
140
H
Houston
Oil
cons
gold 5s
4%s debs
Hudson
Coal
Hudson
Co
Hudson
&
1st
f
s
5s series
1st
Gas
A
gold 5s
Manhattan
1st
,1949
5s
A
*140%
—
*98%
103% 103%
78%
M-N
96
—
78%
80%
1
102'%
90
72%
115%
*115%
98
103%
115%
1957
F-A
72%
71%
72%
113
64'%
72%
A-O
37
35%
37
409
30%
37'%
31
102%
104%
Illinois Bell Telep 2%s series A
Illinois Central RR—
1981
J-J
1st gold 4s
1st gold 3%s__
1951
J-J
104
1951
J-J
*103
Extended
1951
A-O
*103
1st
gold 3Vis
1st gold 3s sterling
Collateral trust gold 4s_
Refunding 4s
Purchased
lines
Collateral
Jf-S
A-O
96
94%
96
222
89'%
96
M-N
97%
95%
98
171
88%
98
J-J
90%
91
11
84'%
94
91 %
94
55
84
M-N
1959
M-N
1988
F-A
1950
J-D
4%s
Bridge gold 4s
Louisville
gold 3s
__1951
gold 3%s_1953
gold 3s
1951
1st
St. Louis Div & Term gold 3s
Gold 3%s
101%
86 %
105
J-J
Springfield Div 1st gold 3%s____1951
.Western Lines 1st gold 4s
1951
94%
91
94
101 %
448
74
20
100
105
100
4
99
100
95%
101 %
99% 101%
15
86
94%
87
87
10
83 Vi
88
89%
87
J-J
1951
98% 101%
190
75
87
83%
104% 105
100
J-J
F-A
1951
75
81
J-J
Div & Term
Div
104
103 Va
1952
gold 4s_
1st
1
103
103
104
1955
_1953
Div
104% 104%
1952
Refunding 5s,
Litchfield
104%
_1951
3%s
trust
89%
3
82%
89 Vi
93%
94%
37
89
15
99 Vi
103'%
97
101
J-J
103
94%
*99
F-A
Registered
103
100% 100%
1
111 Cent and Chic St L & N O—
Joint
ref 5s
1st
series A
,1963
J-D
91%
88 %
93
88%
450
81%
93
1st & ref 4 Vis series C
1963
J-D
85%
89
211
76%
89
1st
mtge 4s ser D
1963
J-D
80
82
4
73 Vi
82
Iowa
1950
J-J
*106
Ind
ref
111
&
(AInd
1st
gold 4s
& Louisville
1st
gtd 4s
Indianapolis Union Ry 3%s
Inland
1956
J-J
B_1986
A-O
ser
106
75%
75
107% 107%
H o CO
*64%
Af-S
1st mtge 3s series F__1961
Steel
*111
107%
1
106%
79
1
107%
(International Great Northern RR—
6s
series
a
Adjustment
A
1st
5s
A 1st
A
1952
B
J-J
69%
67%
70
136
62%
74 Vi
series A—July 1952
1956
6s
series
A-O
32
31%
32%
378
28%
34%
J-J
64%
11
58 Vi
69
gold 5s series C
§ A Internet
Intcrnat
1956
1944
A-O
series A & B
Paper 5s
1947
J-J
Ref sink fund 6s
series A
,_1955
Int Rys Cent Amer 1st 5s B
1972
Int Telep &
63
J-J
deb 6s
Hydro El
Af-S
5s_
j-j
1955
F-A
1951
4s
1959
J-D
1961
63
85%
86%
151
104'%
9
104
109%
109% 110
58%
74%
104
69
83
105
107%
110
102
12
*101 Vi 102%
102'%
95%
100
J-J
103%
90
99
104
13
5
99%
259
103 % 103%
5 vi
93
93%
45
88%
95%
104
98%
Jf-S
Laughlin Steel 3 Vis
2
63
85%
Jf-N
Teleg deb gold 4%s__,1952
(Alowa Cent Ry 1st & ref 4s
Frank!
Si
& Clear
1st
51
15
Kanawha & Mich 1st gtd gold 4s__1990
(Kansas City
Fort Scott &
SARefundlng
gtd
of
Mem
104'%
11
103%
104'%
103
103%
97%
5%
6%
93%
105%
103
1
117%
151
151
—m
102%
103%
—
105%
107
106%
109
,
9
1
8
4
*104%
__
deposit
81%
85'%
80'i
84%
1936
A-O
85 %
84
83Vi
84%
19
City Southern Ry 1st 3s___1950
Ref & impt 5s
—Apr 1950
Kentucky Central gold 4s
1987
A-O
97%
96'%
97%
137
93
J-J
98%
96%
98%
115
92%
98-%
118% 118%
1
118%
118%
101
103
Kentucky & Ind Term 4%s
Stamped
155
97%
1961
J-J
1961
J-J
1961
4%s
J-J
104
404
104
104
_1961
unguaranteed
J-J
102
102
102
102
a-O
*182
185
173%
175
J-J
*107% 108
Kings County El L & P 6s
Kings Co Lighting
1st
J-J
85'%
84
ref
&
1997
^1954
1st 5s
6%s
•
1954
*66
J-J
Koppers Co 1st mtge 3s
Kresge Foundation 3% notes
1964
1950
Jf-S
(AKreuger & Toll 5s ctfs
1959
68
*103'%
__
109
109
108% 108%
Jf-S
102
108%
110
104% 104%
A-O
1
13
102%
104%
102
103 %
102
2
8
102
106 Vi
'102
7%
189
4%
8
107%
116'%
— -.
A-O
Ry—•
4s___,
ACertificates
Gas
Light extd 5s
5Vis
series C
5Vis
series D_.
108%
103%
3Vis
______
gold 3%s
registered
A-O
100% 100%
2
100
lOOVa
F-A
100%
100% 100%
51
100'%
101
1960
F-A
100%
100% 100%
6
100%
1997
J-D
34
105%
108%
1997
ref
ref
1945
1953
.
&
&
J-D
102%
104%
100%
107% 108%
*105
101 %
Lautaro Nitrate Co Ltd—
A 1st
mtge
income
Lehigh Coal & Nav
Cons sink
fund
1975
reg
;
Dec
56
1954
J-J
1954
J-J
*104%
57
*105 %
Lehigh & New Eng RR 4s A___
1965
A-O
Lehigh & N
1945
US
Y
57
f 4%s A
4 Vis series C
s
1st gtd gold
4s
>
.81
Feb 1957
Lake Sh & Mich Sou
M-N
1995
cons
61
103'%
Great Northern Ry Co-
Coll
1st
61%
104'%
42 V4
i
4Vis
1st
Coll
Ed El 111 (NY)
101 Va
104%
42'%
deposit
F)
Grays Point Term
Laclede
East Tenn Va Si Ga Div 1st 5s
57
66
58 Vi
'
*106% 108
53
70%
J-J
1st ext 6s
108
108%
25
50
113% 113%
54
55%
103% 103%
J-J
Plain
107%
,-■
*108
A-O
122
99%
*103% 104%
deposit
(8AGa Caro & Nor
Goodrich
_1949
Oct 1 1945
Kansas
F-A
A
120'%
3
60%
105%
108
'
F-A
8
124
101
59%
__
104% 105
108
J-J
60%
108
(Denver & Rio
1936
124%
Corp—
debs__.
inc
conv
Debentures
48%
% 102%
"164
105
A-O
105%
103
117%
J-D
1969
104 Vi
103
122
101
J-D
Jones
107%
J-D
105%
7
124%
*40
James
ADeposit
104'%
105%
105% 105%
122
J-D
A 1st
A-O
J-D
1942
102
—
*102% 103%
►
1st 4Vis
1959
Omaha
103 Va 103%
J-J
123
—
106 %
124
1974
__
107% 107%
A-O
105
Af-N
3-J
A 1st & ref 5s series A
ACertificates of deposit
Food Machinery Corp 3s debs
Cairo
116
6
*969
Jf-N
40-year
M-S '
*
110%
107
A-O
62
%lst mtge 3Vi8
Certificates of deposit___
(Florida East Coast
AAdJ income 5s
A-O
J-D
High
105 Va 106
88
92%
__
110% 110%
A-O
88%
101%
107
*__
F-A
80
3
108% 103
__
M -N
-
327
92
62'%
}960
1958
110
83
109'% 110
*121%
92
92%
90%
*103%
M-S
Hocking Valley Ry 1st 4Vis
*111% 113%
F-A
F-A
.
1961
FUntkote Co 3s debs
Gulf
104 %
1965
1970
series B
87%
104
mtge 3 Vis
A6s
91
83
d57
mtge 3Vis
Co 2Vis s f
99%
83 Vi
88
J-J
1st
Crane
94%
26
90%
J-D
•
3 Vis
94 Vi
1951
1st
1st mtge
95
1954
1955
1950
4s
A Debenture
}958
99
104
91
94%
107% 107%
J-D
4Vis series E
1977
Cin Wab & M Div 1st 4s
1991
St L Div 1st coll tr gold 4s
1990
Cleveland Elec Ilium 3s
1970
Cleveland & Pittsburgh RR—
Series C 3%s gtd
1948
Series D 3Vis gtd—
}950
Cleve Short Line 1st gtd 4Vis
1961
Cleve Union Term gtd 5Vis
1972
1st s f 5s series B gtd
1973
1st s f 4Vis series C—
}9»7
Coal River Ry 1st gtd 4s
194S
Colo Fuel & Iron 5s inc mtge
1970
Colorado & Southern Ry.—
4Vis (stamped modified)
1980
Columbia G & E deb 5s
-May 195z
debentures
.90
J-J
J-D
Ref & impt
Firestone Tire & Rub 3s deb
Gen
1993
Debenture 5s
*96
90 %
*85
1993
General gold 4s
General 5s series B
3 Vis
u-a
94
18%
102
95
J95}
94
86%
83%
280
a-o
J-D
81%
78%
8
M-S
16%
92%
A-O
1971
1»
105%
83
376
83%
80%
103 Vis 104
Chic T H &
1964
3Vis
mtge
(AFlorida Cent Si Peninsular 5s_—1943
Gen
83
M-N
68%
*95 V'4
----
1st
General, Realty & Utilities
F- A
January I
Low
87'%
1
J-D
New Orleans 5s
21%
105%
84'%
J-J
J-J
82
103% 103%
105
86%
J-J
J-D
Chicago St L &
Gold
3 Vis
Div
V
J-J
Range Since
Sold
No.
105% 105%
105 Va
J-J
2015
mtge 3%s ser E
cons
J-J
1995
mtge inc 4%s series A
1st
Ohio
107
108
—
Bonds
21%
J-J
J-J
Moll
106%
105
J-J
98 Vi
M 4s series B
cons
Gen
86'%
74%
J-J
Bid & Asked
Railroad Co—
1st
91%
M-N
J-J
Week's Range
or Friday's
High
J.J
deposit
{ASecured 4Vis series A
AConv gold 4Vis
84
J-/
Last
Sale Price
Low
Erie
(Chicago Ind & Louisville Ry—
AReiunding 6s ser A
1947
A Refunding gold Ss series B—1947
Afteumding 4s series C
1947
York Stock Exchange
January 1
No.
Friday
Interest
Period
New
Range Since
Bid & Asked
Low
Interest
New York Stock Exchange
a
Monday, March 5, 1945
100
__
50
57
.
100
104%
105%
104%
105'%
104
105 % 10514
104%
99%
100
t
1007
NEW
BONDS
New
Vyl y V
York
Stock
s'
*
'
,
Friday
*
Interest
Sale Price
ref
sink
5s stamped
w.-.-1st & ref s*r<k fund 5s
5s
1st
NO.
Low
&
Uiah
fund
5s
Val
Harbor Term gtd 5s
Valley N Y 4'/aS ext
Lehigh Valley RR—
4s stamped
modified
4s registered
4Vis stamped modified
F-A
Miami
78
8IV4
98
86
84'%
86 y4
116
4s
ref
Af-N
1st
&
53%
57
'
Elec
series
3'/2s
3%s series
M
55%
66%
79
86
A-O
127'%
119% 119%
M-N
Af-S
Af-S
119
M-S
106%
107%
-
3
119
119'%
"
8
103 %
105
103
A-O
2003
A-O
106%
106% 107'%
106%..
106
108%
107 7'8 108%
'
,
107%
82
106%
12
105 Vis
102'%
102'%
100
100%
1980
Af-S
1945
M-S
.
*101%
107%
*106%
Atl
Maine
J-J
Ry joint monon 4s
Knox
Central
Manati
Div
Cine
&
RR
4s
4'/2s
-1955
_
Elet: RR & I.t
A Manila
RR (Southern Lines)
Steam
Marion
Shovel
f 5s
s
f
s
70%
M-N
83%
83 y2
Af-S
1959
Af-N
A-O
81
Stamped
83
F-A
Micmgan Central—
Jack Lans & Sag 3'/2s
1st gold 3Vis
M-S
Af-N
21%
23
57
*
a-
7
tlAMidlahd of N J 1st ext 5s—— .1940
104
104
111
105%
98%
104 %
107%
*74
75
78%
80
J-D
108% 109
38
104%
108% 109
20
97'%
109
.,,1949
Af-S
50-yr 5s series A__ -1962
& ext
Q-F
4'/2S
mtge
inc
12
12
3
11%
11
5%
8
J-J
J-J
80'%
78 Va
81
-1990
J-D
87
85%
88%
.1962
J-J
1962
J-J
.1978
—.
40-year 4s series B
Prior lien 4'/2s series
adjust
D
J-J
105'%
*
104% 105%
91%
21
103
224
■'
73
81
77'%
88%
650
.
105%
AGeneral
4s_„
&
&
ref 5s
91%
125
82
81
124
70%
A 1st
&
21
74%
85%
498
64'%
85%
80
137
72%
82
36'%
708
33
40 V*
80
79%
75%
35'%
Af-S
79%
76
80'%
614
73
1978
M-N
79%
76'%
80
205
72%
1949
Af-N
-1980
A-O
36
F-A
M-S
\
F-A
i
17'%
18%
830
14%
20
75%
80
219
72%,
82
80
391
£79%
84%
75%
84%
82'%
72%
15
79%
-*»«*
106%
107
8
107
2
lllVi
1st & ref 3%s— -1966
J-D
106
106'%
11
105%
106%
-1951
w
2000
98
»
96
--
*102
68%
98%
101'%
102
67'%
69%
260
62%
72%
79
M-N
78 %
75%
79
113
69'%
1955
M-N
71'/a
69
72
177
64%
73%
1968
J-D
108% 108%
6
108%
108%
109% 109%
10
109'%
-J
57%
47
134%
108%
116
110% iioy2
—
*121%
115%
—
Q-J
Q-F
106%
110%
79%
77%
79%
72%
79%
Q-l
76
74
76
71
93% • 96%
106% 107 y4
97
Elec
&
Nat
Dairy
Nat
Distillers
National
1st
105% 106 VA
5
10
F-A
102 Vi 102 y2
Af-8
109 y4 110
1st
1st
mtge
25 'A
26%
102
106 Vi
104%
noovi
II
101%
103 %
103'/a
1946
104% 104%
104%
105%
1946
104% 104 Vi
104%
105 Vi
106
104%
106 VA
A—1960
ser
J-D
J-D
1971
J-D
ref
&
M
3s
L—
ser
_1974
'■
•
106 VA
—U
101% 101%
'
'
1966
P L
3s
1966
1955
cons
105%
106'%
28
107%
108%
*106'%
107
106%
ctfs
Gtd 4s series E trust
1952
^
ref
1st
&
1st
&
4%s series
ref
33/4S
Power
ser
'U:
—•
—-.1981
B
D—_—_„i.lD68
debentures
4%s
Af-N
111/
J-J
IC6V2 106%
105%
106%
107%
108%
A
1965
J-D
123*%
104
General
5s
B—
-1968
J-D
1981
A-O
-.1984
J-J
106 V*
1961
Af-S
New
Orleans Great
Nor 5s A— ...1983
J-J
1st
26
96
99 V*
18
95
98'%
8
114
114%
6
123%
125%
1st
4s
100
100
1st
gold
103
108 V* 108 »A
~5
Pere
J-J
106
105%. 106
31
106'%
106'/4 107
42
Phelps
106
J-J
108'%
106'%
Phila
106
O
O
107'%
§ANon-cum
inc
5s
of
ACertilicates
A 1st
5s
series
5s
4%s
5'%s
85%
76
70
8
86
87'%
29
80
87%
86 'A
5
81
86'A
F-A
deposit
82%
85%
86'2
*84'%
deposit
86'%
82%
82%
9
80
6
81
80
86%
'
85%
83%
General
5s
gold
—1954
A-O
deposit
89
86'%
General
86
4s
RR
series
Ref
&
&
imnt
F-A
3s
Y
Cent
Hud
&
River
100% 100 y4
18
deb
D
90%
86%
85'%
86%
595
•78%
87
Series
95'A
94'A
95%
463
,.87
95%
Series H
3'%s
4%s
Ref
mtge
1974
B
1977
-1961
series C
coll tr 4Vis
1st & ref 2%s
4Vis
104
94%
96%
92%
92'%
92%
92%
94
87%
87%
100%
99
97'%
3
series
3%s
—1998
:
F-A
F-A
V
—
.1978
D
_
N
Y
Dock
N
Y Edison
1st
&
gold
.
.
ref
103'A 103%
.1975
J-J
106 /
106
106%
107
3'As series
&
Pow
see
'
1965
A-O
103%
103
F
G
4'/2s
cons
.
'
1945
1949
1953
1957
1960
Af-N
E___
92%
94
Pittsb Coke & Chem
8i y4
87%
Pitts
Steel
86
106
106%
1st mtge 4 Vis series B
107
% 1
107
109
1st mtge 4 Vis
il-O
108%
108'% 109
6
107'A
109
1948
J-D
113% 113%
1
112%
113%
F-A
1008.
109%
mtge 4Vis series B
Pitts & W Va 1st 4 Vis series A
103%
I960
109% 110%
22
109%
110%
234i
104%
104%
106
107%
Pitts Young
1st
gen
series C
.
i-
..
20%
F-A
18%
101 %
27
103%
lyy
XL., y
J-D
*112'%
Af-N
*113'%
F-A
•
WW
•
J-D
*123
A-O
134
1958
J-D
113'%
123
125'
:
__
132/%
129%
135
20
6
/•
105
107.'%
100%
103'»%
104%
106'A
106
4
104 %
106'%
■S-
96
,
94%
98
32
84%
—1959
A-O
96
94%
98
10
84'%
1960
A-O
95%
94
98
40
84'%
*106
1962
F-A
J-D
1977
J-D
1964
J-J
98
98
98
*122%
1974
■;
1283%
18
7
105% 106
106
'f,
h
10
107
107%
103% 103% 1
J-D
j/
__
106
.
J-D
2
135
107%
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1950
1950
*
107)
—
125
132% 132%
•Vy...
107
113%
—
*114%
125
,
/
;v'-
•
J-D
5s series B
gen
1st
4Vis series D
5s
Co
15%
/
15'%
103%
& Ash 1st 4s ser A—1948
1st
Pittston
1
164
*102
1st mtge 3%s.l964
mtge 4Vis
1st
103
.1949
—
.
103,%
203%
17
F-A
—1975
82%
106'%
101%
276
20%
103
mtge 3%s ser E
cons
83'A
105'%
103'%
19
__
17%
F-A
Gen
J
3
9
103'%
101%
"1
*15%
1964
A-O
105'% 106
107%
102%
106
'
106% 107%
•
20%
v
Af-N
105'%
128,%
105 %
103%
*104%
y~:V
1963
2%s debs
Cine Chi & St Louis—
4s guaranteed
3Vis gtd gold
4s guaranteed gold
4s guaranteed
cons guaranteed 4s
1975
A-O
128%
27
205'% 223%
'*
.-•
guaranteed 4 Vis—1964
1970
—1965
133
^y
'
series B
104
105%
106%
103'%
103'% 103'%
J-J
5s
100%
100%
105%
131%
*103
Af-S
1937
1st s f 4s
deposit
5s series A
28
99%
104
3
'
_
M-N
mtee
103'% 104
105%
—
221
Gen
103'%
104%
.•
Apr 1964
1967
.1963
of
4
'
33
106% 107'%
103%
M-N
Gen mtge
F-A
gold 5s.
page
J-D
-1974
2%s
ref
31
200
57%
106%
106.
*129'%
107%
M-N
Series
.'951
4s
Purchase money gold 4s
footnotes
103%
—
3'As series D
Y Gas El Lt H
M-S
C
series
1971
104
96%
49%
106%
*136
.
J-J
106%
87
91
.y
F-A
J-J
1967
2%s
M
1st
Connecting RR 3'/2S A.
For
F-A
»
96
•
-
—1998
Y
lien
104
—1998
—
N
1st
104'% 106%
104
F-A
Chicago & St Louis—
Ref
N
106%
J-J
—1998
registered
York
New
J-J
—1997
registered
coll gold 3'%S
3'%s registered
Mich Cent coll gold 3'%s
Shore
•'•
89%
50
v:'s.^w
105% 105%
105'%
1051/2
IO91/4
78%
5
105% 105'%
Pittsburgh
A-O
—1997
3'%s
3'%s
Lake
57
14
106
88
Series I
N
103%
108%
89%
106
3%s
Phillips Petroleum
82%
33
87%
105%
debentures
A-O
383
105'%
*108% 109'%
89
Af-S
fgAPhilippine Ry
3eries E
90%
126%
J-D
Philip Morris Ltd deb 3s
2013
89'A
126'%
118%
J-J
90
*100%
90 31
118'%
27
1980
1952
mtge 6s income-.
Seriis
series C——
5s
Gen
—2013
impt 4'%s series A
Ref
J-J
..1998
A
47
126%
1956
C
133%
125'% 126'%
'i
'
126
105
CmzJ* [
J-J
83
1
126%
^Philadelphia & Reading Coal-
Series
-1943
gtd 4'%s
Central
Y
and
56
1956
83'A
83
86
___
89
Newport & Cincinnati Bridge CoN
ref
124%
53%
series
Electric
&
118%
Wash 1st gold 4s—
General
1st
127
.84
1st series A 5s
ACertificat.es
...
A
of
ACertificates
F-A
D
of
series
87'%
76
86'A
—1950
series
ACertificates
A 1st
A-O
deposit
of
ACertificates
A 1st
..1954
of
75
.
124%
*107%
B
105%
25
F-A
Dodge conv
1st
C
series
A-O
127
Apr
4 Vis series
Bait &
Phila
-.1935
deposit
..
B
ACertificates
A 1st
series A
125%
y-■
A-O
Philadelphia Co
tNew Orleans Texas & Mexico Ry—
108%
104%
1974
Union
series
108%
107%
mm
132% 133 '/4
A-O
——Apr ir>90
.
Pekin
&
Marquette
107%
*106'% 107
1953
gtd 4s__
Peoria
107%
''I". '.■•''I.
_.
123'% 123%
M-S
1960
ext.,
11
108%
*108
Ry 5%s
4s
A Income
99'A
*100
108',4
1952
4s
Eastern
97'% 98V%
114'% 114'%
1952
1st ref & imp 4 Vis..
E
&
108
108
Af-N
1947
3Vis
deb
Conv
Peoples Gas L & C ref 5s
124% 125'%
F-A
1st mtge 3s_ ...1974
mtge 4Vis series E
Peoria
Af-N
1986
Jersey P & L
Orleans Term
series
105 >/4
New
O & N
series
9
J-D
21
106% 107'%
4Vis
105'% 106
1952
.
19
126
Gen
97%
1093% 111
24
127
General 4'As series D
'4
114
108'% 108%
—.
F-A
108 V4
99
112'%
106% 107'%
F-A
•
104% 105 '/t
105
98%
w w
105%
'
105'%
4s
stpd dollar
107
J-J
f
*108'% 111
__
J-J
F-A
mtge
102%
J-J
110%
•':i /
105%
■v/'-ry/i/—•
A-O
gold
sterl
4s
5
1945
5
111
Af-N
__
109
I".
*105%
—
1970
1960
Ccnsol
8
1945
3
Pennsylvania RR—
107% 108 V'4
*103'%
109
"3
yyi: ;
112'% 112%
1948
May 1 1948
J-D
108
110
105% 105%
—
J-D
_1969
3%s
104'% 104 Va
England RR gtd 5s
gtd 4s
New England Tel & Tel 5s A—
1st gtd 4'%s series B
N J Junction RR gtd Tst 4s
New
96 Vi
97
107'%
104%
108%
110'% 110'%
*107
Af-S
——1974
& Light
107%
A Consol
N
104
105
59
106% 107'%
y.
106%
39
Pennsylvania Ohio & Detroit RR—
Penna
105
.
108% 108%
M-N
Pennsylvania Glass Sand 3'%s._.„...1960
v
:y,--r -—
—
,106% 107
J-J
5s_194fl
,101%
38.
107% 107%
i"
J-D
1960
B
101
105-'% 106%
107%
A-O
& 111
'J
106 VA
J-D
3Vis series C
1st s f gold 4%s
mtge
■
%
J-D
series B
104'%
fANew
106
101%
*104% 105%
J-D
Af-S
Af-N
29
109%
106 y4
1966
_1970
J-D
A-O
20%
107%
103%
1964
1965
1954
102%
110
107% 109 Vi
.1940
Co
1960
Consol Gas cons 5s__., ...1948
107
102
1081/8
6
106
1945
5s
cons
1949
tANaugatuck RR 1st gold 4s—
Newark
104
100%
105%
-1946
gold 5s
cons
3s
3'/4s
Prod
F-A
100%
93'A
97% 100%
107'A
93%
1966
5s
gold 4s
debs..
3'/4s debs
Prod
Steel
1978
96%
99%
1972
3%s
1st
con
stpd
Coast
Gen
Nash Chatt & St L 4s series A_
76'%
87
100%
General
109%
59
132%
3%s series C
Cons sinking fund 4%s
M-N
Fuel Gas 1st gtd 5s—— -1947
Mutual
95%
__
134
*133%
Af-S
gold 5s
109%
States T & T 3'%s
Mountain
J-D
-1955
4'/is series B
M
*97
M-n
1958
gtd S'/as
Constr M 5s series A
1st
89%
114 y4 116
Af-S
Q-J
1948
Paterson & Passaic G & E
113
Constr
Gas
Guaranteed
Ref
108%
113.
ext.
134
Pennsylvania Co—
107
Tramways 5s
O-A
95 y4
1964
mtge 3%s_:
Transmission
Paducah
113
Essex
108 VA
95%
.
(John) & Co 3s debs
109%
107
1974
Panhandle East
A-O
&
109
1974
3s
84%
A-O
Montreal
1st
mtge
82'/4
1965
Morris
*34%
34%
r
2%s
Pacific Tel & Tel 3'As
■
107
I960
Morrell
53%
F-A
96%
27
107% 108 >/4
'
*107
mtge 4'/is:
Power
Co—
1st
debentures.
Montana
Power
1st mtge 3Vis
Edison
Pacific
Monongahela W Penn Pub Serv—
1st
A-O
1961
29
109% 109%
109%
100%
series
82
79%
i '
6s
J-J
2014
A
1st & ref mtge 3%s series I
1st & ref mtge 3s series J_
1st & ref M 3s series K
18%
■t
_19Rl
series I
ref 5s
&
& Malone
1998
82%
Af-S
1st gtd gold 4s„ -1991
A 1st
1-0
26%
110
83
84
Monongahela Ry 3'%s series B— -1966
Moh'k
M-S
1955
OO
20
109
81
83
1977
gold 5%s_.—
ref gold 5s series H
A Conv
,
1966
109% 110
91%
77'%
-1975
G
series
J-J
Pacific Gas & El 4s series G
ref 5s series F
A 1st
J-J
1st gold 4s_1996
Oregon-Washington RR 3s
87%
F-A
..1965
—
A 1st
93%
F-A
Ore Short Line
V
81%
81
—.
A-O
series A—Jan 1967
5s
5s series A—
& ref
96
1946
1st & ref mtge 3Vis
Oklahoma
^Missouri Pacific RR Co—
A 1st
95
1967
Ontario
Missouri-Kansas-Texas RR—
Prior lien 5s series A
Af-N
2047
Oregon RR & Nav
-1971
1st 4s
Mo Kansas & Texas
11%
1967
,
§ A 1st guaranteed 4s
14
8
6 '/a
.1991
A
ser
14%
100%
Ohio
tMlnr; St Paul & Sault Ste Marie
Gen mtge 4s inc ser A
33
14%
J-J
1st
—
63%
F-A
tOgdensburg & Lake Champlain Ry—
109
J-D
gold 4s
107'A
52'/a
26
1943
1st 4Vis
Ry
105%
—
fMinneapolis & St Louis RR—
ref
106'%
111
.1939
A?Consol ext 4Vis
7%
82%
106
104%
4
110% 111
A-O
t§AMilw & Northern 1st ext 4'/2S. .1939
105%
22
*105'/a 107
J-J
Af-S
4'%
74%
30
J-J
mtge
23'%
5%
80 >/4
80
58 VA
2047
(Wise)
17'A
20%
107%
30
*100%
Af-N
.1979
Ref & impt 4Vis series C
Michigan Cons Gas 1st mtge 3'/2S_1969
Bost
States
71
107%
56%
2047
1st
61%
•106% 106%
impt 5s series C
impt 5s series D
(Minn)
556
F-A
107%
Northern
-
1951
J-J
96%
23
34%
67
J-J
/
J-J
105'%
26%
*106% 108
J-J
101%
16'%
93%
195
5V4
2047
99'%
~2
100% 100*%
84%
28%
19%
J-D
2047
102%
*105%
"v
i't
72%
182
.
*107%
B
&
65%
93%
d61%
impt
&
66
63%
62%
impt 4Vis series A
Ref
57
56%
26%
&
104%
169
81
28%
&
104
%
733
d84%
Ref
*104%
61'A.
,
1940
registered
A-O
.1955
63
M-N
1937
gold 5s
6s
65%
84%
Ref
1
57%
-
registered-——I997
Gen lien ry 61 Id gold 3s_-—Jan 2047
y
271
69%
M-S
1937
mtge 4Vis series A—,
3s
62%
.d63%
Af-N
—1963
5s
Western
65
1965
Telephone 3'As series B
Ref
A-O
A Cum
Y
102 Va
Metropolitan Edison 1st mtge 2%s„1974
Wat Sew
Drain 5%s—_ .1950
West Side El (Chic) 4s. .1938
1st
1st
65
56%
A-O
4s
75
—
gold
56
31
1993
3Vis
65
15
61'%
J-D
/
94
58'/8
61
M-N
1992
___1955
gtd 4s—
cons
North Central gen & ref 5s_
1974
Gen & ref 4%s series A
1974
Northern Pacific Ry prior lien 4s__1997
84%
*102
1st
Queens El Lt & .Pow
102
t§AMet
A Ref
1957
*102
Metrop
&
A-»Q
A-O
McCrory Stores deb 3'%
a 1st
1940
Norfolk &
74%
13
84%
68%
*60%
.1947
6s—
114%
*87'%
4s
64
Putnam
65
d58
58%
J-J
4s
88
d59
60
J-J
3Vis
......
112
84'%
15
d59
Af-N
1956
1st
107
114%
70%
69 Vi
.1953
—
1956
w
AGen mtge 5s conv inc
t§ANorfolk Southern RR 5s
106%
106 Vi 106'/a
.
J-D
Sugar 4s sink fund—Feb 11957
A Manila
106%
88
58
1948
6s_.
Niagara Falls Power 3Vis
Niag Lock & Ont Pow 1st 5s A
Norfolk Southern Ry Co—*
__
Af-N
.I960
A
ser
4s
certificates
f § AN Y West &
107
2
St Louis Div 2d
8outh
deb
5 A General
108%
27
F-A
1st gold 4%s__.
597/a
ATerminal
106'%
J-J
Montg
58
„
107
102'% 102'%
1960
1946
&
iwX"
A-O
J-J
Y Steam
Corp 1st 3Vis
f§AN Y Susq & W 1st ref 5s
$ a lid gold 4 Vis—
N
2003
d57»%
Af-S
1954
N
105%
105%
4 / >..
62%
1947
Y
105% 105%
d58'A
1955
Y
29
•wlw
3Vis
N
,
Af-8
High
110'%
__
95 %
3Vis
deb
Low
91%
•
:■■■
86 Vi
*95%
4s
N
14
—
January 1
r—i 0 CO
__
V
Af-N
deb
107'%
*
*112
'
'
110%
116
1947
108
107'%
*111
deb
&
'
—
Af-N
4s_—
109'%
103% 104
Unif mtge 4s series B ext
Paducah & Mem Div 4s
Mob
deb
106%
■■
J-J
Range Since
Sold
No.
1973
ueb
;
Bonds
High
1973
106%
105
103%
A
y "2
-
107'% 108
J-J
series
Vis series B
12
107 % 107%
107
4s
Friday's
*110%
J-J
2043
JAN Y Ont & West ref gold 4s
A General
4s___r
<;
■•'■'.'y-
*110%
107%,
120%
109'%
.
2043
& ref 4 V2S series of 1927
1967
tAHarlem River <fe Port Chester—
1st 4s
1954
127%
119'%
r
105
gold 3s
West
Af-N
A 1st
'
*126%
2000
§ACollateral trust 6s
60%
.29
119
F
&
or
Bid & Asked
Low
•
gold 3Vis
A Conv
57
86
-v*';
ADebenture
'
1966
Lack
Sale Price
ADebenture
54
47
66%
F-A
—
Y
Last
Period
ANon-conv
58%
45'%
65
84%
V.,-/?V
Week's Range
Interest
'• A->
ANon-conv
82%
.512
61%
A-O
1969
Harlem
ANoli-conv
86 V*
50
86
A-O
A.
&
;• .'v.
•
ANou-eonv
90%
47
78
65%
A-O
Friday
Exchang*
}N Y New Haven & Hartford RR—
'"-I
74
190
Af-S
3%s series E
ref
56%
1951
5s
1st
Y
4
Nashville RR—
Si
ref
1st &
59%
60 %
—1963
Louisville Gas &
Louisville
54
;
—1949
Ark
&
N
93
'
Stock
Mtge 4s series A
Mtge 4s series B
100%
80%
J
799
58%
50
56%
1949
(P) Co deb 5s
Louisiana
53%
53%
1962
debentures
3s
57%
Af-N
1949
A
series
gold 4s
stamped
Lorillard
N
ANon-conv
Af-N
2003
.2003
'
87'%
8
81
—2003
ts
geu
Guaranteed
87%
87%
J-J
Lehigh Valley Terminal Ry ext 5s_1951
Lex & Eastern 1st 50-jv 5s gtd
—1965
—1951
Liggett & Myers Tobacco 5s_
Liuue
<4•,
93
—
F-A
2003
Long Island unified 4s
99
89%
ylfrl8
*86%
87%
—2003
_
y
York
V
100%
93
1954
_
modified
26
99 Vi
90
89%
1950
registered
5s stamped
99%
*89 Vi
90
1974
Lehigh
4 Vis
F-A
—
1974
stamped
__
New
High
100%
/yt/
99%
1964
1964
ref sink
"
-
1904
-
stamped-
5s
Leh
-
9 /-A
2
January I
Friday's
I'ly.':'.-
—1954
MARCH
Range Since
Sold
Low
fund 5s
RECORD
ENDING
BONDS
Bonds
or
Lehigh Valley Coal Co—
&
BOND
WEEK
Bid & Asked
r:
1st
FOR
Week's Range
Last
Period
Exchange
'Ary^ V;Vi->
' /
YORK
RANGE
r
series
5Vi
inc
C
deb
106
106
•
__
*117
98
98
98
9
94%
98%
r
rv
YORK
NEW
RANGE
Interest
Last
Period
Exchange
Sale Price
1960
Portland Gen Elec 1st 4%s
1st 5f extended to
El
Potomac
improvidence Terminal 4s
1st
&
ret rntge 3s
1st
&
ref mtge 5s
1st
b
J-J
ref mtge 8s
Low
34
1
Jf-N
Jf-S
*25
-v
ASpokane Internal 1st gold 4%s—2013
103
Stand
1087a
Standard Oil N J
103
Sunray OH Corp 3% debs
Superior Oil 3%s debs
Swift b Co 2%g debs
108'/a
108 % 108
317a
26
103%
— -
103'%
110
*230%
— -
—
*101%
J-J
1007*
—
—
101
&
Ref
&
38
b ref 4%s series
Gen
b ret 4%s series B
Rand deb 3%s
Remington
mtge
106'/a
Jf-N
J-J
1949
& Elec Corp—
4 Vis series D—,—1977
33As series H
1967
Gen mtge 3'%s series I1967
Gen mtge 3V4s series J
1969
|§AR I Ark & Louis 1st 4'/2S
1934
JARut-Canadian 4s stpd
.
1949
!§ARutland RR 472a stamped..—1941
*125%
ref 5s
series
ref
series
10774
107'/a
Third
105 %
46
53
102
98%
71
797a
ISt Louis Iron
108%
1
55
117
51
58
16
21 VB
22%
25%
17%
26
105%
II
173
Tol &
1955
of
85
80
80
1950
1989
1989
ISeaboard Air Line Ry—
$ A 1st gold 4s unstamped
ACertificates of deposit
1950
—19bu
A-O
1941
55
51
59%
-
40%
43
37%
43%
105
108
1067a
108%
25
130
138%
104% 105
__
105
67
100'%
1057a
100
1053/a
A-O
C
1979
A-O
105
104'% 105
D
1980
J-D
1047a
104
Ry 1st
Orl
3%s__1974
ref 4s
1047a
117
108
104%
107
997a
Toronto
ref
& impt
& Buff
Ham
*103
J-D
..
105
_.
J-J
3%s__1960
93%
92
93 %
96
89%
A-O
1960
Jan 1960
57
56%
583/4
403
52%
gold 4s—1946
Trenton Gas & Elec 1st gold 5s
1949
1-D
1953
r-j
Union Electric Co of Mo 3%s
1971
M-N
1
105
105
J-D
1st
—:t/
•
93%
60'%
104
105
102%
103
103
106
M-3
4
103103 S3
—
32
U
Oil
5s
Calif 3s deb
of
debentures
Pacific
*1127a 113'%
112%
253,4
5
20%
253/4
F-A
105'/4
105% 1067a
24
IO434
106%
J-J
104%
10474 105
2
10334
105
J-J
106'%
2574
RR—
1st & land grant 4s—
34-year 3'/2s deb
35-year 3'/2s deb
Ref mtge 3'/2S series A
1970
1106'%
23
106
1063%
106
106 34
18
106
107
106
A-O
1971
106'%
19
105'%
109 V*
47
106
M-N
....
1980
J-D
1955
A-O
1958
.—1959
F-A
Jf-S
1955
P-A
*109'%
1957
M-N
*112%
Pwr 3'/2S series B
1968
M-S
ref mtge 3s series D
United
111%
A-O
1947
(Chic)
1945
1959
1967
|§AUnion Elev Ry
1974
Biscuit 3'/2s debs
United
Drug 3 Vis debs
Universal Pictures 3%s debs
108
108
•
1057a 1053/4
12
101'% 102
102
107
107
109%
107
107%
*107
—
1077a
105
1053/4
11
98%
102
1
92
21
87%
76%
77%
63
72
56
72
Simmons Co debentures 4s
95
95%
—
40%
—
104%
103%
1
105
46%
104%
131
43
■
106
98
22
87%
98
98
12
89%
98
94
98
146
86
98
95
98
36
86%
98
42%
441/4
75
39%
44%
41 %
43%
35
39%
43%
42%
44 V4
6
39%
44%
57%
60%
265
53%
60%
57
59%
76
60%
57%
60%
245
81
12
82%
*33
j-j
102% 1023/4
34
60
60%
78%
84
83
29 V2
-
5
*102'/a
36%
85
102%
66
102% 1033,4
36
70
102%
104%
City & Paciiic Div—
Northwestern
&
Ry
1950
1964
1963
Bell Tel
& Tel
3748
debentures
Southern
A-O
1979
South & Nor Ala RR gtd 5s
J-J
1962
Skelly Oil 3s debentures
Oil 3s debs
j-j
F-A
*103
10374
107
A-O
107%
103
~6
*130
«...
mm
107'% 107'%
——
*10978
—
J-J
110
106%
106 Vi
103'%
103%
108% 108%
108 »/4
1
108 %
108%
1958
A-O
107% 107%
19
101 %
107%
I960
Jf-S
108% 109
34
106%
109
1981
Apr
W
Gen
inc series A
Gen mtge inc 4'/4s series B
4s
mtge
—
3
1st ref gtd gold 3y2S—2000
RR
—
--
F-A
63%
4s
1948
Gen
1st
Western
Union
6
60
63'%
96
84'%
897a
10234
70
1037a 105'%
2
1173/4 117-34
—
90
2
1067a 107'/a
—
117%
11774
106'%
107'%
J-J
109'% 109'%
16
109
1852
A-O
106'%
1057a 106'%
81
105
106'%
1977
J-J
107%
107 74
108
36
106%
108
2014
May
1007a
99'% 101
143
927a
Jf-N
107%
107'% 10734
21
106'%
10734
106
106%
25
105
106%
107
107'%
83
inc ser A
Telegraph
v*~
1097a
101
Co-
Funding & real estate 4'%s
25-year gold 5s
30-year
100
1966
4%s
Pac
9
series A
5%s
Western
J-D
68
1st 4s
3y2s series I
Power
Maryland
ref
&
*
J-D
1967
3'/2s
mtge
Penn
Western
14
89'%
63,
Q-Jf
1950
96
88 Va
1017a lC23/4
8834
102%
mtge
Washington Central Ry 1st 4s
Ltg 5s stpd gtd
1950
.1951
.I960
1951
5s
Westinghouse El & Mfg 27as
West Shore 1st 4s guaranteed
J-D
Jf-S
10774
*
M-N
105'4
107 72
101%
1027a 102'%
102 3/a
2361
J-J
83
81'%
83
101
787a
2361
Registered
JS
797a
77'%
80
54
747b
817a
109'%
110%
Wheeling & Lake Erie RR 4s
1949
Wheeling Steel 1st 3%s series B—1966
Wilson & Co 1st mortgage 3s
1958
MS
Winston-Salem
1960
J-J
1949
J-J
107'/a
A
103'/a
106
126
Apr
A-O
1st
Westchester
West
943/4
1991
1950
Waiwurth Co
lAWisconsin
f '
Bocony-Vacuum
*104
85
103
101%
101%
*70
....
52%
53%
<
82
p-A
102 3/4
5s
cons
—
60
f_a
1st
Warren
__
44%
A-O
Jf-S
gold 5s__1949
Va & Southwest 1st gtd 5s
2003
112%
104%
—
Wabash RR Co-
*128
j-j
1st
*106'%
109%
106
92
59%
1935
1954
1961
1941
1952
A ctfs
Coal & Coke
A-O
81
*83%
2'%s debs
23/4s sinking fund debentures
ISASilesian-Am Corp coll tr 7s
Iron
109 %
112%
—
__
106 % 106%
110
108
44%
M-S
&
1st &
series A
....
41
....
Va Elec
Va
RR cons g 4s
f 4s series B
s
77%
78%
78
*104 7a
deposit
Union Oil
Chic
d
Cons
Virginian Ry 3%s series A
110
98
(Guaranty Trust)—
All Fla 6s
44%
98
MS
dep /Chemical Bank)—
ISAAtl & Birm 1st gtd 4s
1933
of
56%
37%
105
of
ACertificates
51
1,147
*110
-
—
—
1945
A
series
20
41%
110
....
A-O
(Chemical Bank)—
dep
56%
39%
43
dep (N Y Trust)—
of dep
tASeaboard
48
43%
1959
| A Refunding 4s—
6s
49
397
78%
deposit
Certificate of
of
54%
97%
gold stamped
■
ACtfs
55%
98
1952
Schenley Distillers 4s s f deb
V & N E 1st gtd 4s
107%
108%
108
B
1st
4s
Central 1st 4s
Jf-S
103
A-O
—
—
ACertificates
of
Wisconsin
14
86
>
173
88
24'4
24%
25
1968
A-O
1971
J-J
1960
M-N
~
131
104
105'4
1177a
79
88
80'%
85'%
19
2574
20
4
«...
102'%
104'%
117%
_.
■
M-N
deposit
Public Service 3y4s
43
104'% 1043/4
*117'4
....
1st 4s_._1936
Wisconsin Elec Power 3%s._
—
1027a 1037a
—
—
877a
Certificates of deposit—
iASu & Uu div & term
126
>;
106%
S
*10974
247a
108 34
1
106
10834
—
109'% 109'%
5
109
109'%
,105'%
105'% 106 Vi
10574
10674
108 34
....
Pacific Co—
1st 4 Vis
(Oregon Lines) A
—1977
jf-8
100
98'% 100%
977
92%
100'/a
Gold 4 Vis
1968
Jf-S
94%
92
95
247
85%
Gold 4 Vis
1969
Jf-N
94
913/4
95
402
85
95
Gold 4 Vis.
1981
Jf-N
94
917a
94%
357
84
94%
.
X
95
Fran Term 1st 4s
1950
A-O
106'/4
106
107
27
105%
gtd 4s
1955
j-j
105 3/4
105% 106
153
104%
106%
gold 5s
1994
J-J
130'%
130
123
130%
1950
A-O
98%
1956
A-O
11474
Youngstown Sheet & Tube—
1st mtge s f 3%s series D
23
107
Pac
San
South
V
27
22
136'% 138'/4
108%
—1977
95%
48%
57%
77
A-O
-1971
ACtfs
92%
863
97
54%
91
Scioto
|§A6t P & K C Sh L gtd 4Vis
Caul Union Depot 3»/aS B
South
J-D
.
102
51%
j-j
1952
St
cons
100%
54%
110
M-N
Nov 1988
J-J
j-j
j-D
p-A
A-O
m-Q
M-N
ACtfs
1
52
41%
|f-S
4s_1968
& Duluth
A Ctfs of
102
39%
1978
1st cons gold
See
35
1067a 107
107'% 108'/a
'
Jf-N
112
127
103
54
j-j
goid 5s series A—,.1990
ref
&
100%
56 Vi
unifying 5s
5 A 1st term &
AGen
38
57
—
|St Louis-Southwestern Ry—
1st 4s
bond certificates
A 2d 4s inc bond ctfs
Sioux
5s
B
1077a 108
1073/4
A-O
2000
income 5s
Vandalla
deposit
M 4 Vis series A
ACertificates of deposit stpd
3s
81
89%
*95%
54
of
ACertificates
Shell
105%
102% 103
j.j
A Cons
A 1st
104%
15
*82
J-J
lien 5s series B
A Prior
*
series
Ohio Cent
Union
105%
105
*85%
Jf-N
—1950
Adeposit
4s ser
ACertificates
A
5s
F-A
111
126
8
10
58%
21
Francisco Ry
San
lien
A Prior
§ A4.s
RR
1st ref
Stamped
Southern
j.j
Ry 1st
cons
'Devel
&
Devel
&
gen
6s
&
gen
6'-is
j956
A-O
gold 5s
i990
J-J
1951
J-J
1964
J-D
1968
j-j
Devel
Mem
gen
Div
1st
4s series
A
St Louis Div
1st gold 4s
Bell Tel 3Va8 B
Southwestern
1st &
ref 3s
series C
118%
130'%
54
99%
191
95%
114% 115
25
113%
115
118% 1191/4
42
117%
119%
97%
'
<
—.
«...
1093/8 1093/B
-
4—.
•"
v-*
"l
107% 107 %
6
116 Va
107%
108%
range,
d Bx-lnterest.
e
Odd-lot sale not
sale not included In the years range,
r
Cash sale
Impaired by maturity.
tThe price represented Is ths dollar Quotation par 108pound unit of bonds.
Accrued Interest payable at the exchange rate of $4.8484.
ICompanies reported as being in bankruptcy, receivership, or reorganized under Section TT of
or securities assumed by such companies.
109%
107
in the years
§ Negotiability
119
106%
—
*106 3/4 107 3/a
•
delivery sale not Included
Included In the year's rangev
n Under-the-rule
not Included In the year's range,
y Ex-coupon.
'
*121
'
99 %
Deferred
a
107%
the Bankruptcy Act.
"Friday's bid and asked prices;
a Bonds selling flat.
no
sales being transacted during eurrent week.
NEW YORK CURB EXCHANGE
WEEKLY
in
tootnote
a
In the
Feb.
security, whether stock
Curb
Friday
or
bond, in which any dealings have occurred during
Week's
Range
for Week
of Prices
Shares
Aero
Wire
co
Class
Air
.—1
common
B
1
5%
28
21
LOW
21
1,100
27a
Jan
30
21
27%
Jan
29
Jan
21
•
100
~~
IT""
19
* Feb
Feb
Feb
Dreferred
478
4%
5
3,100
4%
Jan
5%
127a
12'/a
13
1,900
9'%
Jan
1
13 3/4
Feb
13%
13%
13%
200
12%
Jan
2
137a
274
2%
27a
1,100
2%
Jan
footnotes
see
page
—10
1013.
for Week
Shares
Alreon
50c
Mfg Corp
Air-Vay Electric Appliance
Alabama
Great
3
Southern
.50
Low
Range Since January I
High
Low
High
7
6%
7%
14.400
6%
Jan
4%
4%
5
1,900
3%
Jan
115
200
997a
Jan
5%. Feb
8
Mar
Jan
115
116
Feb
117%
Jan
106
113
Jan
107%
Jan
Feb
8
Sales
Range
of Prices
Friday
Exchange
Par
v
■
3
Jan
Jan
Alabama
$6
Power Co
$7 preferred
preferred
Alles &
Alljed
Por
Curb
High
6
28
York
Week's
Last
STOCKS—
New
High,
57a
year.
Range Since January 1
1
_
commonl"" ~~L_ ~
Associates Inc (N J)
Investors common..
Convertible
Low
5%
—10
Supply Mfg class A—
Ainsworth Mfg
Air
warrants
the current
Sale Price
Sales
Last
Exchange
Par
Motors
shown
we
furnish a complete record of the transactions on the New York Curb Exchange for the week beginning on Saturday,
ending the present Friday (March 2, 1945).
It is compiled entirely from the daily reports of the Curb Exchange itself, and is intended to
Sale Price
ACF-Brill
RECORD
following extensive list
every
York
YEARLY
ere disregarded in the week's range unless they are the only transactions of the week, and when selling outside the regular weekly range are
which they occur. No account Is taken of such sales in
computing the range for the year.
"TOCKS
New
AND
a.ud deferr?d d®1|v.ery
the weex in
in
24, and
include
Acme
-
——
—
126
126
108%
51%
102
Mt b P 5s stpd
St L Rocky
<
106
108%
19%
of deposit
A Certificates
ISt Louis
19JJ
stamped
4s
jj A 1st
;
104 V4
106
106%
& Gulf Division
River
St Paul
106 '/a
*106'%
Tri-Cont Corp 5s conv deb A
108% 108%
j.j
J.J
A-O
.—..1996
Mountain & Southern-
105'/z
111% 111%
J-J
1959
RR of New
Tenn
Union
gold 6s
107
Pacific-Missouri—
Ave
aAdJ
3s
2d
105%
105 Va
—
55
A-O
ref
&
Texas
104%
20
J-J
8aguenay Pwr Ltd 1st M 4y4S——1966
St Jos & Grand Island 1st 4s
1947
St Lawr & Adlr 1st gold 5s
,—1998
103 %
106
J-J
..1950
gold 5s
&
108%
J-J
1st
&
—
*110
Pacific
&
Gen
103 3/4
76%
75%
76
M-S
MS
M-S
MS
MS
mtge
105%
8
*106% 106%
J-J
1965
Gen
107%
__
1953
2019
deb
107%
--
99% 102
A-O
mtge
Jf-N
6
G
Louis—
C_„
ser
Company 3s
Pac
*10374
imp M 4s
107%
30
108
106% 106%
of St
gold 4s
1057a
48
*107
f
106
73
106
s
Gen
Gas
Rochester
Gen
J057a 106 %
106%
4s__1939
|§ARio Grande West 1st gold
A 1st cons & coll trust 4s A
Gen
105%
106
J-J
'960
& Brass 37»s
Revere Copper
106% 106%
106% 107
107
M-N
Jmpt mtge 3%s series B—1974
105%
102%
9
105'/4
105
J-J
Saratoga RR Co—
(4.7% tor 1945) due.1975
Rensselaer &
Gen
105%
A-O
J-J
1997
1997
1956
A
Gen
104%
105 »/8 105 %
106%
J-D
1961
debentures
Texas
1951
J-J
1959
1958
Tc-xarkana & Ft Smith 5%s A
Texas
coll 4s
RR Assn
refund
Ref
Reading Co Jersey Cent
J-D
High
-64%
103%
•
__
2243/4
Gen
...1964
*104%
58
*151% 155
Terminal
Quaker Oats 2%s deb
P-A
Low
53
64%
108%
2247a
January 1
No
jm
1077a
4
Vi
deb 3s
debenture
Apr
63%
1961
107%
Range Since
Sold
Uiah
1966
debs
Bonds
Friday's
Bid & Asked
1953
2%s
Calif
101
*110% 111
J-J
Jf-N
J-J
J-D
of
Oil
2%s
—
or
,
Low
104
'
noovi
Sale Price
High
"113
28 Vi
Last
Period
103%
2
Week's Range
Friday
Interest
New York Stock Excnango
101
101% 101%
1968
1972
2037
.-2037
37is
Public 8ervice El & Gas
J-J
F-A
—1957
1956
Improvidence Securities 4s
No
108% 108%
1966
5s
BONDS
102Vi
1977
Pressed Steel Car deb
2
MARCH
January 1
103'/4 103%
"101
J-J
ENDING
Range Since
Sold
Bich
1951
M 3V*B
1st
Pwr
1960
mortgage 3'As
1st
M-S
BOND RECORD
WEEK
Bonds
Friday's
or
Bid &, Asked
Low
103'/4
FOR
Week's Range
Friday
BONDS
New York 8tock
Monday, iviarcn o, ry*f s /
nBTcoMMBKciHiror Tm«WQHircnK\;rnaas-
1
$008
Fisher
Intl
•
1167a 1167a
10
•
Investing
$3 conv
6'%
1
common
pfd
•
46
48
50
41
Jan
10
Feb
Jan
48
Feb
.volume "ioi~ffriuiiiuei-v.
1UU9
NEW YORK CURB
RANGE
Week's
York
Curb
Range
Shares
Par
Allied
Products
Class
A
conv
Altorfer Bros
6%
25
•
IlOO
Aluminum
Goods
Aluminum
Industries
6%
Ltd
—
Book
Cities
class
Convertible
Class
•
A
36%
Jan
1,000
112%
Jan
ff 117
Feb
413/4
Jan
21
300
19%
Jan
21
22%
950
15%
Jan
26
99
Feb
86%
1,350
t1'-
•v a-
—
:
Jan
15%
..25
•
!
15%
48%
—25
—...
•<"
1
46%
Jan
50%
Jan
16%
Feb
49%
300
5%
7%
23,600
Jan
47
43%
4
52
Bell
Phone:
American
Fork
American
Gas
4% %
Foreign
Jan
$2.50
Hard
>
Corp common.. _l0c
1
preferred
Rubber
American
Laundry
Light
6%
Mfg
Preferred
17%
Jan
20 %
31
Jan
34%
175
Jan
113%
1,300
8%
Jan
10%
431/4
875
41%
Jan
44%
49
150
48%
Jan
51
Feb
213/4
23
250
19
Jan
24%
Jan
35%
200
32%
Jan
36
20%
7,400
17%
Jan
21
Feb
Calamba
26%
Jan
27%
Feb
California
51
Jan
69%
Feb
Callite
Feb
Camden
9%
413/4
X35 %
20%
25
common
%
W«.'
27
27'A
200
68%
100
.
20
63%
69%
1,925
'
•
-JL00
100%
102% 102%
20
2%
2%
25,000
33%
34%
200
31
47
—
Voting
Cables
Potash
American
American
..10
Seal-Kap
6%
com
10c
—
.
1st
$6
preferred
•
__
5%
American
Thread
American
Writing
6 %
Aro
Art
A
&
Class
B
Feb
Canadian
26a/8
Jan
7%
Feb
4%
4%
3,500
4%
Jan
17,900
5%
Jan
5%
3%
1,200
6%
Jan
18%
—
"4
1,200
26
500
20%
Jan
113% 113%
290
111%
Jan
3
Feb
Birm
&
Drop
Plywood
Forge
Voting
9%
Jan
Casco
Jan
Castle
(A M)
5'%
Jan
Catalin
Corp
Central
Hudson
10%
103/4
1,600
10%
Jan
11
Feb
113
Jan
18%
20%
4,200
19%
Feb
23%
Jan
Central
Maine Power 7%
15%
16
500
12%
Jan
16%
Feb
Central
New
8%
9
3,500
8%
Jan
9%
Jan
Central
Ohio
Central
Power
Central
&
5
...1
8%
10
•
10
1%
•
10
1 %
11
9%
5,200
875
%
10
Feb
1%
Jan
Jan
3
Mar
pfd. Z100
Co
10%
1%
11%
&
69
68
5
12
11%
12%
19%
19%
20 %
15%
15%
16%
5%
5%
—
1
•
Machine
5
(L)
Baumann
_
1
common
Beau
12%
1
of
&
Benson
(Mar
Bickfords Inc
Blauner's
Bliss
Blue
34%
36..
2,300
10%
13%
14%
3,900
17%
Jan
20%
Feb
1,000
14%
Jan
18 %
Jan
§Childs Co preferred
600
5%
Jan
6
Feb
Cities
1,400
10%
Jan
23
Jan
50
13%
$6
preferred—
preferred B
preferred BB
City Auto Stamping
City & Suburban Homes
Feb
26
Feb
35
29%
5,000
$6
Controller
Claude
Feb
35
Jan
15%
10%
12%
Jan
15%
Jan
'42%
Jan
10%
1,700
12%
Jan
200
12
3%
17%
200
7%
22,000
3
Feb
12%
Feb
16%
53/4
Bohack
1%
(S)
(H C)
Colt's
7%
Feb
Columbia
11%
Jan
Feb
10
Jan
5%
Feb
Jan
24 %
Mar
Community Water
29
Jan
36
Mar
2,300
4
Jan
145
Jan
4%
147
36
Jan
46%
Jan
$3
Feb
45
20
43%
7%
2%
$5
46
Feb
5
Feb
Consolidated
1%
Jan
2%
Feb
Consol G E L P Bait comrppn
16%
14%
9,000
Jan
17
14%
Jan
22%
16,300
15%
Jan
5%
46,300
3%
Jan
19%
4%
Feb
13
Jan
21%
22 %
Mar
56
1,300
51
Jan
57%
Brillo
19
2,100
153/e
Jan
203/4
Feb
11%
11
Jan
12
230
Jan
115
35%
93/8
Co
Am
Oil
American
12%
Jan
13 5/8
%
Jan
1%
Jan
1,400
37%
Jan
39%
3%
23Ve
22%
23%
17%
42%
17%
19
4%
3%
4
4%
British
*
•
1%
—
"9%
10
Feb
_9%
2,500
10%
Jan
■v'
21
■
22%
Jan
Feb
Feb
20%
£1
20
20 %
300
19%
Jan
20%
Feb
10s
5%
Feb
5%
Jan
_•
common
21
*
•
Wire
~2%
■
■
*
6%
"
v
'7,/»
,
„
ilir__
1
21
21%
22%
Bruce
(EL)
Bruck
Silk
II
Co common
1
Niaeara
$1.60
&
*
•
East
Bunker
4%
&
25
(P
H)
dep rets
—2.50
n;
•
...
w
.12 %o
Corp
—25c
common
footnotes
see
91
3%
5,400
page
1013.
11% "Feb
Jan
9% Feb
22
450
22%
2
1%
19%
Jan
22%
7.900
1%
Jan
700
Jan
450
8%
35%
Jan
40%
650
28%
Jan
46
300
3%
Jan
11%
4%
Jan
11%
11%
39%
40%
42
43
77%
79
ft
11,700
30%
31%
350
i
;
43%
4%
•
——'
•
•
••
•
■
•Iff
;v
5%
5%
1%
2
/.•/'
9,000
2 %
12
35
71
Feb
Feb
Feb
12%
Jan
6%
Feb
9%
Feb
7% Mar
Jan
700
Feb
Jan
Jan
4%
Jan
2,400
Jan
39 %
Jan
Jan
Jan
u
Jan
750
11%
Jan
13%
Feb
Feb
2%
Feb
13%
ff
2
Feb
79
1/64
27%
6,300
2
-
13
100
2
1
ft Jan
31%
2
Mar
' Mar
,
-—
—
10%
10%
12%
23%
24
Feb
27
Feb
Feb
23%
Jan
Feb
91
Feb
Jan
5%
Jan
12%
12%
18,800
36%
Jan
Jan
24
111%
Jan
114%
Feb
12%
4,600
10%
Jan
13%
Feb
"
1%
1%
3%
4,100
1%
9.800
3%
6%
Mar
350
1%
5%
6%
800
Iff
dep
Brewing
Cork International
Oil Refining
preferred
$6
common
Jan
7 %
925
43%
Jan
53%
Feb
103/8
7,100
8%
Jan
10%
Mar
Feb
115 %
Jan
9%
-:.ff
23%
5%
17%
2,500
163/4
.5%..
.
2%
Jan
2,900
24 3/4
23%
5%
18%
Jan
4%
Jan
5,900
18%
13%
Tobacco
Lighting
Inc
—
common..
Curtis
Mfg Co
260
109% 111%
111%
-
-
%
%
:* 3%
3%'
93/8
.
3/4
'
3 3/t
Jan
2
Jan
3%
4%
111%
Feb
17%
Feb
Jan
9%
Jan
2,500
176
Jan
ig
Feb
16% Jan
2'/.' Jan
16%
Jan
4,100
105% 1063/4
270
3%
9,300
3%
,
Feb
Jan
«...
15
Feb
18%
Jan-
108/4 Jan
Jan
6%
8%
:
'
'
Feb
3
25%
&
Jan
3,150
r-
;;ff9-ff
9%
115
5,400
3
2%
3
20
115
115
6
1,025
84
23/4
33
Jan
Jan
Jan
4
109
3%
Feb
Feb
Feb
37'A Mar
34%
37%
9%
9%
9s/a
200
9'A
Jan
9%
Mar
27%
27 Vb
28V4
12,400
253/4
Jan
28%
Jan
1%
l3/g
1%
22,500
Jan
1%
Feb
9%
93/4
10%
2,300
9 3/4 Mar
11%
Jan
9%.
8%
9%
6,900
8
Jan
9%
Jan
17%
17%
19%
300
15
Jaii
4%
4%
4%
6,400
37
'
1
"4
"2% "43/8
46
4,000
3%
Jan
26%
Jan
2%
Jan
19%
4%
27
Feb
Feb
Feb
4% Mar
common
(Mo)
38
48
35
Jan
48
5
*
2.50
26%
25%
263/4
12,600
25%
Feb
28%
Jan
17%
143/V
173/8
2,600
13%
Feb
18
Jan
5%
Jan
6V4
Jan
•
.
Cuban
Curtis
Jan
108
2,800
53%
10
3%
8
*
25c
-28
•
—10
A
Sugar.—
Atlantic
110
200
X6V2
6%
53
*
Drug Co common
convertible preferred
Cuban
Jari"
Jan
3
1
Co
Crystal
Jan
8V2
109% 109%
105%
*l
receipts (ord reg)—£1
Crowley Milner & Co
Crown Cent Petrol
(Md)
Crown
Mar
118
116
6%
1
50
72
Jan
110
53
*
Jan
Jan
2,500
109 %
*
1
Vh8
67%
72
118
13%
IOV2
Jan
13 %
Feb
31V2
Feb
29
Feb
110
Mar
13%
13%
150
—*
1
31%
31%
28%
31
Jan
26%
2,600
22%
Jan
35
36'A
36%
10
35%
Feb
x37V2
Jan
Feb
Feb
■
10% Feb
12% Feb
114%
3%
703/4
117
Jan
Jan
20%
1,500
23%
Feb
7%
Jan
Jan '
Jan
9%
10O
11%
23/4
Feb
400
8%
8
8
72
118
-*o
Petroleum
Creole
Mar
10
35%
10%
114
Sullivan
Corp Am
Biscuit
5
~
20
5,500
11%
preitrrcu
Hill
For
~4%
Jan
Power—
preferred
1st
24
n
Co common
Mills Ltd
Buckeye Pipe Line
Buffalo
55/8
r.......
21
Mar
2%
80O
1,400
........
"'v."r
prior preferred
Rubber
21
25
2%
2 3/8
,1TU-r
*
21
}
Crown
...
Brown Forman Distillers
Brown
Courtsulds Ltd—
Croft
19%
&
Jan
9
78
---*
Petroleum common
convertible preferred
American
100
preferred—
I
1%
'it!
*
& Reynolds
preferred A
Z %
Jan
20%
A
$6
'
Tobacco—
B
8%
100
39
100
preferred
Corr'/on
Feb
20%
Fence
900
9%
36%
10
•
10c
1
Oil
Corp
Coro Inc d
Jan
4%
prior
Cosden
II
,
Butler
19
Feb
£1
Class
flurry
3%
23%
Jan
15
dep rets ord reg
Class
Burma
Jan
20
_•
class <A_
10%
9%
•••V"'
38 3/8
—100
Steel
Copper Range Co
Cornucopia Gold Mines
...'*
Columbia Power
Brown
a>5
3,700
5,100
5,100
7%
Jan
4%
rets ord reg
Celanese Ltd—
Amer
Feb
10%
10%
100
Cook Paint & Varnish Co
Feb
48
3% Feb
2,000
*
Co
Jan
Continental Gas & Electric Cc—
Feb
6,600
42%
1
dep
British
$5
32
400
1%
3%
dep rects ord bearer
Am
100
13%
1
•
British American
British
33
13%
~i%
III160
common
Feb
12%
123%
100
Textile Co
Continental Fdy & Machine Co
Feb
32
33
•
A
131%
Jan
Jan
'
Consol
Jan
Jan
Consolidated
Feb
110
1,700
112% 114
•
Mfg
Class
Feb
Feb
Jan
Jan
Gas
Consolidated Royalty
Feb
18%
•
Bridgeport Oil Co....
Jan
11
Feb
Feb
111%
ii.'
8%
—1
Co
preferred
8%
5% Mar
55
25
Bridgeport Gas Light Co
117
119
100
1,400
'
5%
Utilities
1
Consolidated Mining et Smelt Ltd-—6
Consolidated Retail Stores
—
1
Consolidated
10%
13
Biscuit
«%% series B preferred.:
4% preferred series C
Mar
Jan
75
12%
5%
15
12%
200
17
13
11%
Lgt & Pwr
21'A
6.000
Jan
4%
19
Tract'on
Jan
11,700
*
1,990
12%
•
Brazilian
16%
9%
preferred
9,700
17
III100
Breeze Corp common —
Brewster Aeronautical
1%
Jan
7»A
Gas & Coke Secur common
5
55
preferred
2d
Jan
85
Jan
122%
■'}
25
1
2%
13%
Co common
1st preferred
U
8,400
27,900
313/4
2%
«...
•
common
14%
20%
1
•
Conn
Feb
•
Inc
36%
Feb
19
3/64
Cornpo Shoe Machinery—
V t c extended to 1946
1
....
Feb
12%
450
118
warrants—
Service
Service
10%
18%
1,125
'
Bourjois
Public
Jan
3,600
43%
IIIi
1st preferred
'
127% 129%
—
Feb
34%
8%
25
Southern
36
Jan
120
J12
6 '/4
100
&
24%
5%
Jan
Jan
'
•
Borne Scrymser Co
1 %
"
Arms
21%
53/8
Feb
1,250
114%
5%
preference
Community
17
5 %
Electric—
&
Gas
Jan
9%
ordinary
3334
_
....
& Co
Bowman-Biltmore
Fire
Patent
Feb
18%
Jan
Feb
16%
a42%
Iron warrants
Colorado Fuel &
Feb
12%
6%
Co
common
Airlines
Colonial
11%
Jan
1
Utensil
Co
Development
Colon
Feb
3%
Feb
Feb
4,075
118
22
4%
8%
10%
100
•
•
Corp
Plow
Cockshutt
Feb
11%
14,300
Coal
Aluminum
Club
Feb
Illuminating
Electric
Clinchfield
-
128
1
A
•
2% Mar
'/
iff'-■
'
:
108
19%
—-—l
Inc—
Mfg
& Lambert
Cleveland
Feb
41
150
Co
Lights
Neon
Clayton
22,800
41 %
*
•
*
*
10
:
60c
18% Jan
16% Jan
300
111
10
Service common
'
—
1%
1%
1
—100
~
••
——
5
1
optional convertible preferred
•
14%
12%
Feb
Feb
Jan
'
''
•
35%
——'
-.
14%
120%
i-
i--
'
'
•
U
700
—
4
Mfg
"9
Co com—•
common
—
Chicago Flexible Shaft Co common—*
Chesebroueh
4%
Ridge Corp common
$3
Blumenthal
5
25
23
1
common
(E W)
10
33%
II*
common
8,500
10%
10%
V"
Chicago Rivet & Mach
Chief Consolidated Mining
17%
6%
16)
Birdsboro Steel Fdy & Mach
43/4
10%
Feb
3%
...*
I
33,700
2%
1%
..
Feb
«...
1
preferred
i
w
1
5
common
'
4% :ff5;-/iff
2%
50c
Jan
Feb
12%
118
Feb
13%
100
Rights
200
WW
3
1
Convprtible
Feb
14%
"'ff'"'
70
Commonwealth
10
Berkey & Gay Furniture
Feb
Feb
25
11%
7%
.20
Hedges common
9%
106%
Jan
__
Canada
Jan
Jan
14%
100
common
uoip
Feb
7%
Jari
"
Tel
Co
Feb
104%
2%
•
....
pfd
Utilities
West
Feb
10 %
8% Jan
230
58%
17%
100
convertible preferred
Bellanca Aircraft common
South
Feb
19'A
26
Jan
1,400
435
13%
S
common
$1.50
Bell
\ Feb
914
8%
8%
'
1
Products
Light 7%
Cherry-Burreil common
Mfg—
Mills Inc common
Beaunri
Jan
114
Jan
105% 106%
8%
106
100
13,200
6
11%
„
pict
Feb
41
_
3%
common
Steel
5%>
3
34
14%
1st preferred
Brummel Ties
1%
115
Feb
14% Jari
6,700
11 %
17%
34%
common
Refractories Inc
Basic
Feb
44% Mar
100
pfd
Power
*9% *9'%
"9%
com—*
& Elec
Gas
&
400
17%
16%
Jan
13
17%
•
A
Feb
Mar
24
1
America
York
16%
8%
25
1
-
Corp
Seelig
15
Jan
8%
69
2%
—25
30
convertible
$1.20
29 %
7-A
114
—
17,200
'
Barlow
18%
.
42% Feb
•
—1
—
of
Chainberlin Co of America
Andes—
Steel
120
10
& Co
Aircraft
Cessna
Feb
Feb
17
L..ani
shares
American
Barium
Jari
400
15
43%-44%
—
-
100
11%
1%
11
2%
Co
14%
■
Jan
28% Jari
12
Jari
Feb
110%
193/4
preferred
los
II
Products..^.........—w...^..»*
4%
%
Baldwin Locomotive—
Rubber
200
(J W) Cocora—.1
Clark
de
1%
16%
5,800
18
preferred
■
10%
10
& Wilcox Co
Baldwin
"2%
"2%
Xl7%
preferred..*
$6
Jan
(B Fl & Sons common
preferred
Banco
Feb
Feb
112
Carolina Power & Light $7
3%
...50
for
3 Vb
Carter
11,400
Co
warrants
Jan
Feb
4%
Ayrshire Collieries Corp
Purchase
Jan
6%
*
4%
common
Automatic
6%
6%
♦
.
common
4%
«
Products
77e
Co
Jan
Corp
Automatic
Jan
—•
Jan
warrants
Atlas
,
.
33/4
„£1
Line
Coast
8%
18
7%
Fisheries...
Atlas
Jan
8%
~2%
3,100
reg
Atlantic
Feb
1
3,300
.
RR
21%
Feb
26
113%
Industries—
Coast
Jan
20
*
4%
Tel class A
&
Jan
class A—
& Co
8%
common
rects
8%
100
4%
-2.50
Atlantic Coast
Babcock
—
8%
...
dep
Jan
6%
-
Products
City
Carnation
Feb
4
Jan
Feb
7%
Jan
25
preferred
Carman
Feb
20
Jan
~3%
24%
8%
Capital
8% Mar
5%
9%
Jan
Canadian Marconi
43A Mar
8%
3%
Jan
6%
Industries Ltd—
4%
Associated Laundries of America
6%
5,300
Feb
%
126
Jan
7%
Alcohol-
voting
non voting
8%
Refining Co
Associated Tel
Avery
18
Industrial
A
6 34
25%
•
non-voting
Electric
Atlas Corp
26 3A
& Light $7 preferred.*
Works
Oil
Atlanta
Jan
Mar
3%
*
113%
Equipment Corp
American
Jan
120 %
3% Mar
3 V4
Jan
100
Foundry Ltd—
preference
1
Power
Associated
%
25
1% Jan
5
pfd__ I100
preferred
Ashland
37,700
24
....
•
Gas common
class
Metal
m%
Canadian
Feb
2
6,600
1
Ltd
Co
Car &
Class
6%
4,600
3%
1
preferred
Participating
16% Mar
Jan
8%
5%
1
_
Arkansas Natural
Arkansas
47a/4
Jan
4%
..£1
npex-Elec Mfg Co common
Appalachian Elec Pwr 4%%
Common
Jan
13%
3%
2'A
10
,
Insurance
Class B
Angostura-Wupperman
Inc
41%
2,700
4%
*
Anglo-Iranian Oil Co Ltd—
Am dep rets ord reg
Argus
Feb
200
69,200
,2%
£1
pfd
Power
Corp
Cement
6%%
Canadian
6%
126
Fire
Feb
16%
5/a
25%
5
.,
High
50o
Estate
Electric
Tungsten
34%
.
47%
126
Fence..
Post
Anchor
preferred
Paper common.
Jan
dep rets 5%
Sugar
Feb
?
6
;."14
•
$6 series preferred
Low
Wireless—
3%
:"V/'l% Jan
143%
15%
2
common
Corp
Superpower
34%
•
Chemical
&
Republics
American
2%
•
Meter Co
American
Amer
1
Co
Range Since January 1
50o
common
certificates
trust
&
American
Feb
103
Jan
Cable Electric Products
Feb
Canada
Maracaibo
American
Shares
High
Feb
111%
49%
43
—25
common
Low
Par
*
Feb
10%
.Sales
for Week
Range
of Prices
Feb
113%
Week's
Last
Mar
8,700
10
20
Mach
Co
4,500
34 s/8
25
preferred
American
20 %
1
Co
& Trac
.
34
«...
Friday
Sale Price
Jan
34%
.100
Americrn
%
Xl9>/4
20%
convertible preferred
American
Jan
38% Jan
5,300
113
J*
General
convertible
32
New York Curb Exchange
Feb
5,100
■■■■
"lO
common
Electric—
preferred
American
$2
Hoe
&
&
; 423/8
%
40% x42
Teletype
NY 1-496
48% Jan
7% Mar
Jan
Jan
ft
X42
Power warrants-
System
3-2160
STOCKS
&
-
30 Pine Street, New York 5, N. Y.
Feb
11%
•
6%
Cyanamid Co common- —10
American
American
EXCHANGE
Jan
Whitehall
A
YORK CURB
Feb
2%
1,800
50
15
.
1093/4
Feb
2%
350
49
-H-
v
'w—
Jan
108
'
400
2%
2%
■
1
,
THE NEW
'
'
& *jight—
Class *
OF
Jan
97
MEMBERS
; Feb
«...' ■'
'
.100
;
HERBERT E. STERN & CO.
Jan
7,200
95
95%
IlOO
Mfg
Power
I
Jan
9
21
21
1
Co
Central
American
American
'
'
2
Jan
31%
Jan
20%
_•
common
preferred
American Beverage common
American
115%
II*
common
32%
Jan
8%
A-
41%
40
•
Mfg
Jan
30
t'£«
115% 115%
41%
i.
29
325
31%
•
common
100
31%
•
preferred
Aluminium
31
common
MARCH
Range Since January 1
Low
High
High
Low
31
Co common
Aluminum Co
/-ff
_.10
(Mich)
EXCHANGE
ENDING
for Week
of Prices
Friday
Exchange
•
WEEK
Sales
Last
Sale Price
liluUKb—
.
New
FOR
Jan
t
Jan
Davenport Hosiery Mills
Dayton 'Rubber Mfg
Class
A
.
convertible
Dejay Stores
Dennison Mfg class A common
4
Feb
$6
6%
Feb
8%
prior preferred
debenture
1
17%
9
8
50
88
100
25
■
18 %
1.000
15%
Jan
18%
9%
6,500
5%
Jan
9%
92
70
86
Jan
92
Feb
r
Ttiti CUMMKKC1AL'lOlN ANUALCHKUNIULK
1010
EXCHANGE
NEW YORK CURB
•
Range
Low
preferred
"2%
Foundry
Iron
Gray
Detroit
Diamond Shoe
common
—
7%
11%
17%
300
26%
6%
21%
Jan
1%
Jan
2%
Mar
Jan
7%
Mar
Jan
34%
Mar
5%
27
5Vz%
Common
26%
Feb
Hewitt
10%
100
10 Mi
Feb
11
Jan
Heyden Chemical
100
18
Jan
19% Mar
Hoe
18
20%
7,100
13%
Jan
20%
Hollinger
_
Ltd—
dep rets ord reg
Corporation
25%
Jan
Mar
Am
Divco
Co
Dobeckmun
£1
1
common
Chemical Ltd
Ltd
Dominion Tar &
Feb
25%
200
20
Jan
25%
Feb
Horn
5%
4,900
100
7%
20
Jan
105
Feb
Jan
18
Jan
Jan
9
Jan
103%
18
-
8%
500
22%
22 %
1.400
36
5%
400
21%
35%
X22
22%
22
18%
16%
14%
Jan
18%
Jan
15%
Feb
3734
Feb
401/2
Jan
Jan
11
Feb
20
if-.
26%
27
200
49
50
7,100
8%
8
8%
Co
14%
13
14%
•
•
Jan
34
30% Jan
112
—.
•
j
•
Fibre
Feb
*»*.
275
33%
32%
33
.100
.
Hussmann
8
_
*
5
Hummel-Ross
Feb
11%
«
Co
Corp
Feb
Jan
Jan
23%-Feb
Jan
——
49%
82%
Mar
39%
-v
9%
38
37%
•
50
22%
Jan
1,150
17
5
Jan
Jan
4.400
1
(Harvey)
Jan
Jan
19%
14
16%
•
—
Jan
33
300
10% Xll%
ft Co common
preferred
38%
Jan
90
Feb
Jan
10
Jan
3%
600
3%
14%
1,100
11%
Jan
2%
14
4
Jan
3%
—•
.
5%
Mar
11%
Hardart
&
13
S
M
common
Hardart Baking
Horn &
Jan
•
G
Co common
77%
9
*
Sulphur
Duval Texas
C)
50
x47
84
•
common
Feb
Feb
11
113
Jan
23
Jan
28%
43%
Jan
50
Jan
.
Feb
Feb
2,700
7 %
Jan
8%
Mar
800
10%
Jan
14%
Feb
434
Feb
31%
Feb
"
X47
10
Hosiery class B
Duro Test Corp common
5%
"7%
900
,I_•
100
82%
81%
-«
Duke Power Co
Durham
Jan
Jan
Jan
13
Inc_
Humble Oil & Refining
--
Co
4%
"7
Co
(Geo A)
(A
15
7%
3
Inc
Hormel
Hubbell
81
Karris
Driver
14%
*7%
Corp
Draper
Jan
Horn
Textile Co
Dominion
11%
5%
28
*
ft Coal B
Dominion 8teel
500
"5%
1
A com
Co Ltd
Dominion Bridge
14%
25
1
Domestic Industries class
13%
14%
Jan
10
Consolidated
Herder's
25
14%
104% 105
■»-*
—2.50
common
Co class A
ft
Hoiophane
Distillers Co
12
High
Jan
250
•
_
Rubber common.
(R)
1,200
14%
II—l
1—;
Low
24%
13
—100
__
Henry Holt ft C" participating A_
19%
50
w
w
Range Since January 1
High
14%
2
common
preferred
Shares
21
«
Co
for Week
22%
22%
_
A
Heller
Sales
Range
-
Low
*
Rubinstein
Class
10%
19%
Last
Par
Helena
Feb
Jan
Week's
of Prices
Friday
Exchange
Sale Price
Jan
Jan
7,800
34%
26%
1
Corp
Diana Stores
Jan
11.500
32
34%
Curb
19
common
preferred
1%
9
16
11,800
10%Y,
~2%"
2
7%
1
10
10
1"
Mich Stove Co common
Detroit Steel Products
Detroit
De Vilbiss Co
10%
York
High
Low
High
2114
10%
2
Range Since January 1
Mlg
6i
OaoKei
New
Shares
Derby Oil & Ref Corp
6 %
ENDING MARCH
for Week
of Prices
Par
Ueu uit
WEEK
STOCKS
Last
Sale Price
Exchange
Curb
York
New
FOR
Sales
Week's
Friday
STOCKS
RANGE
Monday, March 5, 1945
1
1st
Feb
preferred
Hydro Electric Securities
dygrade Food Products.
Illinois Power Co
Feb
14%
Ligonier
Huyler's common
30
'•
31
30
.
2.000
4%
4%
1
——-.
-V
_
15%
:
17%
:
Jan
Jan
''
500
16
15%
3%
200
•
./
V
15
Jan
163/8 Jan
E
4,000
2%
Jan
2%
Feb
.100
84%
81
84%
1,150
78%
Feb
84%
Jan
5%
.100
53%
48%
preferred—
4prior
55
6,900
46%
Feb
55
Feb
Dividend
preferred
Eastern Malleable Iron
6%
-25
»
36,
Jan
Jan
2
50
Jan
58
Feb
49%
Jan
57
Feb
dep rets regis
Imperial Oil (Can) coupon
Registered
i.
54%
56%
1,025
54
56%
625
Jan
11%
Feb
17
Jan
Imperial Tobacco
Ireland..^
50
116,500
Derrick & Equipment
Equity Corp comtnon
$3 convertible preferred
Jan
Jan
94%
12
2,150
70
Jan
A
13%
400
11%
Jan
35%
Jan
40%
Feb
Insurance
15
Jan
25%
Feb
49
Jan
70
Feb
40%
225
25%
9,200
x69
64%
70
2,075
105%
~
46%
47
common————*
52%
\l
14
105%
Jan
12
Jan
2%
Jan
1%
of North
Co
$3.50
America
Jan
Warrants
Feb
0%
32%
Feb
Jan
3%
16%
38%
43%
13%
13%
15
Metallurgical
Fansteel
Mfg Co.
mis
Fedders
readers
—
Federal Compress
Association
Fire
& Warehouse Co—23
(Phila)
10
Ford Motor Co Ltd—
Am dep rets ord reg
of Canada—
non-voting
Class B voting
Ford Motor of France—
Amer
dep rets bearer
Fort Pitt Brewing Co
-1
Fox
(Peter) Brewing new
1.28
Franklin Co Distilling
1
Froedtert Grain & Malt common
1
Fuller (Geo A) Co
J
$3 conv stock
—r~
4 f»
convertible preferred
—100
73%
Jan
13%
Feb
3%
Jan
4%
Jan
16%
Jan
17%
Jan
38%
Feb
52%
Jan
9%
Jan
15
Feb
75
75
65%
Jan
3,300
5%
Jan
6%
A
Class
24
25
24%
600
22%
Jan
24%
Feb
—
25
V
25
325
22%
3%
6%
6%
400
X33% x33 %
4
200
4
3%
Jan
4%
Registered
Feb
7
Jan
34
4
Products
Utilities
Power
Co
•
common
Gellman
Jan
3%
18%
200
17%
Jan
19%
21%
3,000
17%
Jan
21%
Gen Electric Co
69
80
—
64
65
120
55%
Jan
65
Feb
87
'
88
70
77
-
88
Jan
..
«...
Interstate
2%
21
1
7%
7%
7%
115%
Feb
Jan
68
Feb
57%
Jan
71
Feb
200
3
Jan
2%
400
2%
Feb
3
Jan
75
60%
Feb
65
Jan
94%
700
85
Feb
94% Mar
300
20
Jan
22%
19
Jan
31%
Feb
20%
Feb
21%
Jan
14%
Feb
29%
30%
2,400
21%
25
13%
14
2%
Feb
Feb
9%
2,000
Jan
Feb
21%
19,600
18%
Jan
21%
21%
400
19%
Jan
21% Mar
10%
11%
11%
4,000
10%
Feb
13
2%
Jan
Jan
3%
Feb
3%
3,100
26
26%
600
23
Jan
27%
Feb
53%
53%
100
51%
Jan
53%
Mar
Jan
1%
Feb
3
3
26
900
1%
21%
1,000
17%
Jan
1%
1%
14,900
3/4
Jan
1%
Feb
23
22%
23%
Jan
23%
Mar
10%
10
10 »/4
800
9%
Jan
10%
3%
3
3%
3,300
1
Jan
3
1%
•
1%
1%
1%
21%
1
_
14
20%
203/4
,
•
—
Jacobs
(F L)
21
1
700
19
22
Feb
Feb
Feb
4
-1
4%
4%
4%
2.000
Jan
5%
Jan
1
Co
12%
12%
12%
6,200
11%
Jan
13%
Feb
5%
6%
500
4%
Jan
6%
Feb
107
107%
400
104
Jan
107%
Feb
108
109
120
110
Feb
Co_
Glass Co—
Jeannette
6
•
—
Jersey Central Pwr &'Lt 5%% pfd—100
6%
preferred—
preferred—
7%
—100
100
——*
—
Julian <fe Kokenge Co
22
118
Jan
109%
Jan
21%
Feb
40
118
108
60
22
22
4
125
112% 112%
112%
116%
Feb
_
.
Feb
114
22"
Feb
Feb
K
Ken-Rad
1
(Walter)
Jan
9%
Jan
Jan
87%
Jan
pfd
Feb
29%
30%
29%
Jan
12
200
9
Jan
12
Feb
21
21%
300
21
Mar
25%
Jan
60%
60
62
140
52%
Jan
63
Feb
50
49%
50
50
Feb
110
43%
Jan
13,700
3%
Jan
5'A
Feb
8%
2,400
7%
Jan
9%
Jan
1%
10,700
Jan
1
1
4%
Feb
Kiibv
Jan
3%
Feb
Petroleum
16%
Jan
16%
Jan
Kleinert
Emil)
Co
4%
5%
8%
8%
1
Kirlrland Lake G M Co Ltd
4%
1
Jan
1%
(D
14%
33
21
.100
3%
Klein
Jan
Feb
30%
100
B
13
GOO
*
5
Co
&
800
11
*
Tube & Lamp A
l/k
1%
•
common
Jan
118
14%
14%
14%
—5
Inc
Kings Co Lighting 7%
5% preferred D...
Kingston
Products
Ltd—
118
preferred.. H 0 0
Kansas Gas ft Elec 1%
Kennedy's
1,300
4
2%
Jan
Jan
52
2%
92
21%
Iron Fireman Mfg voting trust ctfs..;.*
Irving Air Chute.
1
400
3%
2%
1
27%
61%
2%
22% X22%ts
•
com
Home
Equipment
Power $7 preferred
Royalty™
Interstate
investors
9%
—«.
Feb
Jan
23/8
50
87%
..
__
11%
60%
21%
Feb
—•
Alloys Co
67%
Feb
20%
Jan
13% Mar
/
'
Feb
1,100
18%
20%
100
Mfg Co common
General
120
15
B
Corp
preferred
Kidde
preferred
65
30
^10
—
■
5%
113%
64
94
*
Key Co common
Gatineau
40
114% 114%
—•
Safety Razor
Feb
29
26%
22%
shs„*
coupon
shares—...
International
Jan
6%
—
6%
200
*
.4—.
—
International Petroleum
Jacobs Aircraft Engine
25% Mar
Jan
27%'
2%
Mar
Motor
Ford
Jan
Jan
130
6%
23%
6/2
Jan
11
13% Feb
Jan
12%
400
•
Industries A
Italian Superpower A
6%
—
—si
4
11%
10,700
17
42%
Brewing———
Falstaff
1,700
13%
11%
800
23/4
50
International
3,300
12%
3%
6% Jan
International Minerals and Chemicals—
1,800
13%
3,200
•
«
International
4,600
Inst Co
Engine ft Airplane
13%
133/8
11%
67%
10
series
Metal
123/4
12%
64
1
Preferred
$3.50
Falrchild Camera ft
Feb
54% Jan
6% Jan
„
100
International
Falrchlld
17%
27%
1
common
Feb
47%
54
c
Feb
Jan
Jan
t
v
preferred
Cigar Machine—
International Hydro Electric— - '
Jan
Jan
46%
Jan
.
preferred. 100
preferred
100
Common
8%
1,600
13%
ft
100
Industrial Finance
Feb
29%
43
1,300
Jan
Jan
11%
£1
preferred™
Feb
200
53%
1%
Mar
94 % Mar
Jan
Jan
1%
250
32%
49
101%
1,000
9
31%
80
Pipe Line common
13,800
47%
8%
8%
;
11
500
2%
2
2
1
11%
11%
11%
Britain
—
International
13%
39%
ft
Mar
16
5
Great
■
6%
Service
97%
800
17%
143/4
•
Indianapolis P ft L 5%%
Indiana
95%
23%
RJJ
Esquire
Feb
600
X24%
Emsco
12%
99% Mar
3,400
13%
-50
20% Mar
Jan
99%
88
.18
.10
9%
of
———
101%
97%
100
94%
ill
preferred—
District Electric 5% pfd—100
Inc
47%
Jan
99%
conv
Eversharp
Jan
8
12%
Feb
14%
53
133/a
1,125
20%
15%
6,800
133%
2,000
11%
11,300
t, 1
11
101 %
Co common
Eureka
Am
46%
20%
500
17'/4
■
10%
39%
18%
54%
16%
Industries—.
44
.
Light 2d pfd
warrants
—
Electrographic Corp
Elgin National Watch Co
Empire
Chemical
Imperial Tobacco of Canada
11%
Power &
5%%
Imperial
10%
Option
Elliott
Feb
18% Mar
16%
54
15%
—
45
preferred
preferred
$6
£._
1%
54
Washing Machine B
Economy Grocery StoresElectric Bond & Share coi
Electric
CO—
33%
54%
Easy
$5
Zinc
50
...
75
1%
Eastern
$5
Mar
Illinois
—
—
ctfs..
arrear
54%
17%
common—
preferred
conv
3,800
36
1%
1%
preferred series A
preferred series B
Sugar Associates—
preferred
$7
$6
35
36
—
Corp
States
Eastern
2%
2%
Gas ft Fuel Assoc common.
East
15
1»
%/ Mar
Feb
15%
Jan
17%
17%
—
Feb
17%
Jan
15%
Feb
17%
Jan
'
dep rets ord reg
Amer
General Finance Corp
5%
common
_
10
preferred series A
Flreproofing common
& Elec $6 preferred B
General
,
•
•
General Outdoor Adv 6% pfd
100
General Public Service $6 preferred—*
General
Rayon
General
Shareholdings Corp
preferred
stock
A
•
com
1
•
common
Water Gas & Electric
$3
preferred
$5
•
preferred
(AC)
•
•
common
Preferred
Gilchrist
104%
3%
9
Feb
Kobacker
Feb
Jan
145
Jan
4%
10
101
Jan
104%
Feb
Kreuger
94
20
2%
4
3%
98
84
300
2%
350
Jan
Jan
92
—
Jan
13%
■
52%
Jan
1%
3,300
101%
r—
Jan
Jan
23%
95
2%
4
'■
__
—
17%
17%
17%
15
14%
15
350
'
•
Alden
Glen
Coal
....•
Godchaux Sugars
•
B
Class
$7
class A
•
preferred
Consolidated
Goldfield
Goodman
Gorham
$3
•
Mfg
Mines
Grand
Gray
Mfg
110
Jan
110
Jan
15
Jan
12%
Jan
Feb
Great
Pacific
common
stock
Grocery
Stores
100
•
$4.40
Feb
common—25c
pfd
100
Gypsum Lime ft Alabastine
Shore
Mines
48%
13
Jan
24
Jan
Jan
113
Jan
1
Jan
2,100
10
•
150
%
Jan
39%
Feb
39%
9
13%
13
9
13%
100
2,000
99
98% 100
—
175
—
37%
12%
12%
.
114%
38%
13
150
800
Lefcourt
Feb
Line
Feb
Lit
39j/4
Jan
50
Feb
Oil
Loblaw
Jan
9%
Feb
Feb
15%
Jan
135
35%
10%
Jan
Jan
Jan
103%
140
38%
14%
Development
?
(R
Brothers
Class
Inc 6%
B
■
Power ft
Corp
Jan
10
Bridge
j
Co
Ltd
114%
Hartford
Harvard
Paper
Electric Light
8
Feb
Rayon
voting trust
Brewing
ctfs
Co
Hearn
6%
Hecla
footnotes
III
•
common
preferred
Mining Co
For
com
Corp
Dept Stores
5
2%
250
page
U»A
9%
Feb
31
—
1013.
I250
1,300
9%
Jan
300
27%
Jan
53%
Jan
1%
Jan
2%
Mar
4
Jan
4%
Jan
2%
2%
7,500
41/8
300
8%
1,300
8%
8%
32%
32%
8%
5,500
6%
Jan
10%
Mar
14%
1$ %
500
"7%
734
150
5%
5%
200
FUiear
7
33
8%
7
Feb
Feb
28
7%
Feb
Feb
7%
Jan
Jan
62%
Jan
Feb
5%
55
17~
Jan
Jan
6 34
•
~1%
18,400
1%
2%
Jan
35
600
28 %
Fesb
35 %
Feb
14
14%
500
13%
Feb
14%
18
18%
1,800
14
Jan
19
29
18%
*2
34%
2
34%
30%
250
27%
Feb
30%
Mar
2,800
2%
Jan
4%
Feb
4%
-4%
4'%
/'
*
Jan
Jan
Feb
■
—
--
20%
20%
18%
Jan
22
Jan
12%
12
12%
7,900
10 %
Jan
12%
Feb
1
10%
10%
11%
18,500
,8%
Jan
11%. Feb
Light $6 pfd
•
;
.
110
8
35
optional warrants
110
36%
100
10*
1,400
110
Feb
32
110
Jan
•v
36%
Feb
Feb
convertible
preferred
(The B)
Consolidated
Marconi
31%
Feb
Jan
Marion
Co
Internat
Co
I
Ltd
8%
Feb
McCord
31%
Jan
36%
.Tan
McWilliams
4,700
6%
Jan
8V8
Mar
Mead
v
t
e
common
6
Co
22
10%
10%
100
150
1,300
1 %
1 %
1%
700
8%
8%
8%
2,900
•
20
4o %
Jan
50
Jan
Memphis Natural Gas common..'
5
12
5,800
8%
Jan
12%
Feb
Mercantile
•
8%
8%
16%
50
common
6
21
10%
•
11%
Stores
100
1
•
&
18
—
•
Dredging
Johnson
18
£1
•
Corp
Jan
500
2.700
2,400
3
Jan
21
Feb
Jan
112
Feb
18
Feb
18
Feb
33
Jan
37
Feb
6
Jan
2%
14%
Jan
Marine
Mass Utilities Association
Harris
3
21
•
Steam Shovel
Massey
2%
20%
__
*
Margay Oil Corp
55%
•
Co
Mfg
21
Jan
104
2%
1
Feb
12%
13%
25%
8
—
49%
11%
15%
•
M
Manatl
Communication
4
50
I
see
10%
11
CO 0
1
Hat Corp of America B non-vot
Hazel tine
1
10%
9
->
common
Manischewitz
—
10
I—28
Feb
10%
Mar
•
Hammermill
Hartford
11%
5%
Feb
Jan
Ma pes
Co
Jan
Jan
7%
H
Lamp
3%
10
I
Lynch
$5
Hamilton
4,800
.
Chain
Mangel Stores
Hall
15%
5%
•
Feb
110%
9%
Feb
Mar
22%
25
A
Feb
20
9%
69%
22%
5%
•
Class
_
Locke Steel
preferred
common
Louisiana
/ 1,400
•
Jan
21%
8
Groceterias
Feb
58
57%
5%
10
(Thos J)
70
Jan
120
21%
J
Feb
8%
8%
Feb
Jan
25
Inc
G)
Lone Star Gas Corp common
Louisiana Land & Exploration
114% 114%
.
11%
400
70
69
•
Corp
50
69%
68%
1
common
Material Co
Lionel
13% Mar
Jan
Jan
7,200
1
preferred
Le Tourneau
Jan
86
Jan
9
100
common
Realty
Leonard
Jan
71/4
300
10%
•
Co
Convertible
47
13
100
5
.
B
Lipton
7%
61
Jan
.1
Ltd
Langendorf United Bakeries class A
Feb
'
28
-
Products
Utilities
State
22
64
109
12,200
13%
•
preferred
Paper
Jan
V-
50
X47
Jan
Tea—
Greenfield Tap & Die
Gulf
10%
50
8
Northern
m»wm
13%
1
1st
•
50
Rapids Varnish
&
U
m
—
10
Atlantic
Mar
40
•
common
Non-voting
7 %
%
17%
48%
Jan
99
1
Lakey Foundry & Machine
Lam.son Corp of Delaware
Lane Bryant 7% preferred
1,600
21%
112
•
Mfg Co
Great
21
111
50
preferred—
Gorham
61
__
—
69 %
.100
Jan
16,000
21%
59%.
1
Co
class A
Inc
20%
60
—
68%
J)
Jan
425
20%
—
9%
deposit
52%
Class
„
(N
of
112%
1~5
—
__
1
Jan
Lane Wells
21%
RR
Certificates
•
1,000
,100
Co
Jan
19%
__
—
1st preferred
Brewing
Laekawanna
Feb
•
Co
Gladding McBean & Co
Inc..
Stores
convertible
Lake
52
50
Jan
Mar
■
—
•
111%
125
53
.
100
15%
Feb
•
—
.....
15%
Feb
101% Mar
14%
"
„
1
,,
Kresge Dept Stores—
132
18%
"lO
Rubber Co
(I B)
Knott Corp common...——
30
2
100%
Feb
7% Feb
200
93
—
8%
.
■
22
104% 104%
94
•
.
Geoigia Power $6 preferred
Gilbert
139
1
convertible
f'$6
Gen
Co
—
Jan
7
139
21%
Gen Gas
__
3,800
15%
150
5%
150
5%
94
9
16%
154
1,600
4.800
150
5%
1.900
97%
300
223'4
Jan
6%
24
.
1
Jan
7
12%
144
4%
91
Jan
Jan
Jan
Feb
Jan
Feb
9%
Jan
Jan
Jan
13'3
8%
•-
Jan
T3;
Feb
10%
8% Jan
v
17%
155
6
96%
Feb
Feb
Jan
Feb
Feb
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
161
NEW Y0RK CURB
EXCHANGE
RANGE FOR WEEK ENDING MARCH 2
I
Friday
New
York
Curb
Week's
Sales
Last
8TOCKS
Range
for Week
Exchange
1011
ft/.-'■A'''.-j ;lC~;:-ft,■.'
'1%'.: ft ft//.ft
:•%'■
STOCKS
Curb
York
Week's
Sales
Last
Range
for Week
Sale Price
New
Sale Price
Friday
of Prices
Shares
Exchange
Range Since January 1
Low
Merritt
Chapman
6% r;c
Iron
Tube
bieei
B
Class
Midland
Oil
Steel
Midland
Co
Mid-West
$2
Piping
353/i
50
Co
2%
Minnesota
Pwr
66
Light 7%
pfd
Mississippi River Power 6%
pfd
3
100
100
Packing
Co
•
1,200
7%
31%
1,000
29%
6%
33,600
3%
4 %
9%
9%
Piper Aircraft Corp com
Pitney-Bowes
«
Jan
30
-x64%
::
115
Ltd
~3%
8,500
3%
46,300
10
115
.
Meter—
3%
Feb
Pitts Bess & L
43
Feb
Feb
Pittsburgh & Lake Erie
50
69%,
69
70%
710
64%
Jan
70%
Jan
10
18
17%
18 %
850
17%
Jan
20 %. Jan
Jan
107%
Feb
Pittsburgh
Pittsburgh
Jan
116
Feb
Pleasant
13
Jan
16%
Feb
Plough
13
Jan
xl4%
Feb
E RR
50
Metallurgical
Plate Glass
Pneumatic
25
Valley Wine Co
Inc
2%
Feb
Power Corp of
10%
182%
Jan
Power
100
200
180
179
Polaris Mining
1
193/4
350
Jan
40%
Feb
~2%
7.600
1%
Jan
2%
Feb
Pressed
7%
7%
7%
4,000
6% Jan
24%
__
20 3/4 Jan
common
7 % Jan
Producers
Jan
Providence
Jan
22%
Feb
Public Service
Jan
16
Feb
Jan
17%
Feb
16%
16
:
91%
17%
9,700
10
91%
20
Jan
89
-
Jan
92% Jan
6%
15%
16%
1,000
12%
Jan
6%
Jan
36%
37%
1%'
50%
Power Associates
Tel & Tel
Clock
Co
25%
1,500
3,000
12%
%
Jan
xll%
Jan
8%
2%
Jan
15% Jan
17%
100
10
100
100
11
Jan
12%
Feb
9%
400
8%
Feb
9%
Jan
6%
Jan
16%
Feb
Quebec
Power
11
Jan
16
9%
9%
100
10
—
13
Feb
.Feb
Jan
9%
Feb
108
Jan
1093/4
Feb
_100
111%
Jan
115
14%
'/i/:10%
114 / 114
—
15%
16
15%
Jan
16%
Jan
10,900
Feb
107
n
Feb
110%
Jan
16%
Jan
18%
Feb
14
Jan
17
Feb
16
175
108
108
•
5
..10
17
*
79
'
——
w
f
'
—.
•
■
173/8
16%
-
—:
1,700
Jan
17%
Jan
Feb
Jan
17
Feb
3,700
25%
1,700
22%
Jan
Jan
12
14%
500
13%
Jan
14%
Mar
2%
10,100
1%
Jan
2%
Mar
6%
5,900
1%
46
38
107
Jan
Feb
47
common...
10%
11%
12%
13
10
11
12%
Jan
108% Jan
Rath Packing Co. common
Raymond Concrete Pile common
10%
Mar
„
Jan
14%
Feb
Red Bank Oil
Jan
10%
Feb
Reed
9%
Jan
1,600
8%
1,100
7%
Raytheon
Manufacturing
Co
6%
475
6
Jan
7%
Feb
63
Jan
71%
Feb
Republic
Jan
23%
Feb
Rice
113% 118
25%
280
111
118
Jan
v
Mar
& Engineering
Aviation
Dry Goods
.
Stix
Richfield
Oil
66%
68
68
25%
Feb
Richmond
Jan
25
Feb
Rio Grande Valley Gas Co v t c
Jan
68
Radiator
3%
3%
8,900
2%
Jan
3%
Feb
Rochester Gas & Elec 6%
5%
5%
5%
100
5%
Jan
6%
Feb
Rome
19%
275
Jan
Roosevelt
30%
33 %
1,050
Roeser &
33%
Jan
30%
Jan
22
33'% Mar
1,200
16%
116% 117
50
115"%
Jan
117
Feb
105
10
105
Feb
106%
Jan
23%
21
116%
105
Jan
18%
19 %
19%
17
400
Jan
19% Jan
100
107%
Jan
71%
74%
200
64%
Jan
74%
Mar
43/a
4%
29,000
3%
Jan
4%
94%
96
2,900
89%
Jan
96
87
87%
82
Jan
91%
"73/4
~8'/«
110
60
110
5,100
7%
105% 106%
80
105%
Jan
163/8 Xl6%
6,200
13%
Jan
.
1
39%
39%
„
25
12%
Field Inc_„
Petroleum
Ohio
Power 4%%
Ohio
Public
16
common
1%
1%
4%
5%
Jan
Feb
233/a
Feb
1%
Jan
23/a
Feb
1
1%
1%
Jan
14%
37,300
Feb
26%, Feb
Feb
18 ?
Jan
9% Jan
7% Jan
19
5,400
13/8
100
21% Mar
Jan
1%
Feb
%
Jan
3%
Jan
5% Mar
%
Jan
l3/4
xl06%
—
Feb
108%
t
.
Feb
Aeronautical Co
Ryan
Consolidated Petroleum
Feb
13
13
12
Jan
13%
Feb
20
21 %
4,000
17%
Jan
22%
Jan
3%
4 'A
1,800
2%
Jan
4%
Feb
7%
21%
5
8%
12,900
150
6%
Jan
8%
Mar
18%
8%
20
Feb
18%
Jan
Feb
22'/a
Feb
10
•
21%
21%
22%
3,900
18%
12%
1 to
t-» 1
12%
200
11%
18% Jan
9
18% Jan
12% Mar
Feb
6% Jan
9,300
9
7%
•
83/4
8%
8%
1,500
4
3%
4%
2,800
3%
Jan
2%
10% Jan
7% Jan
1
Jan
9
107
Feb
Ltd
Lawrence Corp
Bt
Class A
Feb
17%
St
Regis
Salt
3
3
300
8% Jan
9%
10 %
20,000
1
'7%
7%
2,800
Oil
Co
5
4
900
Co
common
•
25
300
Jan
Schulte
38%
550
39%
39%
122
Jan
35% Jan
1,100
600
36%
53
Feb
Jan
130
39% Jan
40
Jan
United
Samson
(D
A)
common
25
$6
Elec
Scranton
Feb
Bcranton Spring
"l%
800
1%
Jan
1%
7%
500
5%
Jan
7%
Mar
$6
12%
13%
4,300
11%
Feb
13%
Jan
Scullin
25
106%
Jan
525
37%
Feb
3,300
15%
Steel
113%
pfd
Brook Water Service—
*
preferred
Co
common
110
39%
16
17
8%
13,700
31%
600
7
30%
7
26%
Jan
110~
Feb
39%
17%
Mar
Feb
Jan
8%
Mar
Jan
31 'A
Feb
53/s
5'/4
5%
3,400
4%
Jan
26%
27%
775
22%
Jan
53/a
Mar
27% Mar
117%
137%
—•
Selected Industries Inc common
stock—
"3%
1
•
•
Feb
263/,
Feb
81
Feb
Jan
38%
Feb
112%
Feb
113 %
Feb
88%
Jan
100 3/a Mar
10"%
Jan
113% 113 %
10
94 Va 100%
13% 14
1,050
2,300
47
3%
3%
114%
Jan
116
Jan
118%
Feb
111
Jan
115%
Mar
Jan
32%
Feb
Jan
Jan
200
44,100
11%
113/4
2,400
19%
21%
450
42%
14%
2
Feb
5% Jan
Feb
47
Feb
Feb
2%
Jan
Feb
1%
Jan
Jan
9%
19
12
21% Mar
Feb
2%
Jan
2%
27,200
18%
16%
18%
5,650
18%
Feb
87%
87
873/4
300
873/4
Mar
'39%
Feb
1%
Feb
2
1
1%
83%
~1%
1
~1%
5,400
U
11% 11%
800
10%
Jan
1,200
3%
Jan
1,300
15%
Feb
1%
6
Serrick Corp class B
1
Seton Leather common
•
II3/4
5
4%
Jan
Jan
6% Jan
;
Jan
11% Mar
V
Jan
30
20
4%
3%
11%
25
Control
43/a
Jan
3%
22
35%
certificates
Safety
Feb
Jan
Jan
70%
21%
6
prior stock
8%
6%
875
1
Segal Lock & Hardware
Seibcrling Rubber common
Selby Shoe Co
10% Jan
1,100
81
38 %
45%
Feb
7
Jan
4% Jan
*
Inc
Bros
Seeman
99
16%
13,200
79
38
80%
25
Manufacturing
"l5/a
4%
1
preferred
Convertible
Scovill
Corp common
Feb
55
Feb
6
Schiff
129
Feb
20%
25,400
Savoy
38
3%
Jan
675
6%
Feb
Jan
2}J Mar
Jan
19%
6%
Jan
13%
.
19%
1
Co
Oil
Dome
common
50
5
pre!—.
$2 conv
Paper
•
1%
Feb
Jan
Feb
s1
Feb
8
4%
rir
23%
115% 116
;
'•
.
<
I.\
■
'
...
.15
..
118%
115
32
115%
30
32
32%
1,400
29%
Omar Inc
—1
—
—1
—
Feb
Shattuck
Mining™
Denn
Shawinig'in Water &
13%
-
13%
—
Jan
10
Jan
Sherwin-Williams
10%
500
Jan
9%
—
6
Jan
13%
Feb
Sick's
cum
Breweries
Silex
Co
•
25
—
of
Canada
Ltd
4%
16
4%
16%
105
104% 105
1,600
111%
111
112
850
100
Jan
5%
Power
common
pfd series AAA
Sherwin-Williams
6
*
B
Securities
1%
5%
Jan
118
preferred
Gas
55
24
3,600
10,400
Feb
2
27%
100
United Filters
Feb
Jan
44,000
21%
1%
—100
Service
Oklahoma Natural
293/4
v
25
9%
21%
•
19%
—100
preferred
1% 1st pfd
16%
8%
9
42%
Jan
20%
2,300
19%
16%
5
1
26,400
Feb
1
Ryan
Sentry
•
21/4
5,300
37%
8%
..
Feb
2
Jan
2%
Ave
Securities Corp General
30%
4
common
13/4; Feb
18% Jan
1%
9,900
25 3/4
24%
25%
1
Ryerson & Haynes common
Allotment
B
Co
Rotary Electric Steel Co
$5.50
class
22%
2
2
1
5
Royallte Oil Co Ltd
Convertible
Brass
203/4
3,400
•no
•
Ogden Corp common.
Jan
55
•
common
$1.20 convertible preferred
63/4
1
Inc
Corp
Feb
22 %
1
1%
12%
,
1%
Northern Indiana Pub Serv 5% pfd—100
Northern Natural Gas
20
A
1
Mar
50
RR Co
Jan
42 %
300
21%
%
127
129
5
Airlines
cs T-l
600
28%
200
1
50
•
50o
2
2
11,600
20
Central Texas Oil
28
214
1%
prior preferred
American Utility Securities
.Feb
14%
15% Jan
1,200
12%
20%
•
28
1%
14,700
2%
& Power common—1
common
10
•
•
1%
18
12%
2%
•
Feb
ft Feb
% Jan
6% Jan
16%
•
81
159
Jan
Feb
96
pfd D
Pendleton Inc
Cable Corp
Root
23% Mar
73%
4%
109
,
Jan
Jan
13
Feb
3%
12
1%
16%
1
Jan
64
1,900
76%
156
—
17%
Corp. warrants
14%
6,800
50
1%
•
20%
23%
1
Ohio
.
Reliance Electric
3,300
105'%
preferred
common
Roller Bit Co
71%
6%
69
280
R
fl%
1,300
80
159
--
—
Radlo-Kelth-Orpheum option warrants.
Railway
Light Securities
Voting common
10
Railway & Utility Investment A
1
21%
—3
Power class
Co
79
158
100
•
Feb
6% Jan
Jan
20
Quaker Oats
$3 convertible preferred
5
Northrop Aircraft
25%
5% Jan
500
5
Mines
States
16
100
class B com
North American Rayon class A
Overseas
2,000
109% 109%
•
preferred
ft Jan
Electric
Oliver
12%
Feb
9,400
*
Share Corp
preferred
1st
11%
Feb
j
% Jan
Q
4,000
107% 107%
$5.10 pfd_100
pfd
Nineteen Hundred Corp B
6%
11%
Mar
51
17%
45 %
1
6%
A
Co
u
_,*
Russeks Fifth
Niles-Bement-Pond
North Amer Light
51
5%
6
preferred—100
*
preferred
optional warrants
Novadei-Agene
43%
Feb
10
10
Niagara Hudson Power common
5%
1st preferred
Northern
10
.
100
18%
shares
Water Service
Penn
300
3%
24%
10
Light 1%
Y
North
Jan
*
Y State Electric & Gas
Northeast
2%
14
•
common
N
6%
14%
143%
% :
Puget Bound Pulp & Timber
Pyle-National Co common
Pyrene Manufacturing
16%
1
Land
N
Northern
13,200
Mar
24
Jan
12%
14%
15%
25
Arizona
Merchandise
North
3%
19%
*
common
preferred
Shipbuilding Corp—
B
65
Jan
65
14
10
14%
24%
Honduras Rosario
Class
Jan
65
14%
1
•
Feb
Puget Sound Power & Light—
9
6%
71
Zinc
&
$6
73/4
v
Jan
1ft
51
30
16%' Feb
of Colorado—
17
107%
Co
Y
Noma
50,100
%: Feb
37% Feb
1% Mar
65
Gas
12
17
12%
9%
*
Corp
N
Nipissing
800
jS
City Omnibus warrants——
Class
Hi
Jan
4
'
23%
5
3
1 lii
31
250
•
1st preferred
1st preferred
7%
Jan
$5 prior preferred
I?
22%
24
3%
•
100
*
100
pfd
Y
Niagara
Feb
3%
1
134
18
13 %
131
100
*
5
•
•
N
&
17%
3,400
1
_
500
*
preferred
Auction
B
Jan
America
Jan
400
—30o
Co
Y
2d
16%
common—
of
25%
Feb'
16
•
10
preferred
Class
200
*
of Nevada
Prosperity Co class B
22
12.50
(Herman)
5%
17.%
5
Corp
15%
•
*
Ltd
Radio
Union
Founders
Feb
17
•
Inc
22
•
New Process Co common
Y
15%
4%
Co
Metals
16
50c
*
•
1
N
N
Jan
'
25
Car
Power &
Feb
13%
•
common
preferred
Y
5%
700
4%
Mining—
Gold
Premier
II
•
1
Neptune Meter class A
Nestle Le Mur Co class A
Y
Feb
Jan
15%
25c
Canada
Prentice-Hall
~2%
19% Jan
Co
Pratt & Lambert
38%
*
2%
*
100
Hess common
Nebraska Power 7%
$6
4
Feb
126 %
Jan
14%
10
common
Alexander
&
19%
10
•
100
common
2%
181
Scale
2%
National Tunnel & Mines common—r-l,
N
117
1,100
'Feb
43
Jan
Feb
124% 126
7.50
comn\on_____
Feb
Sugar Refining—
Tea 5%% preferred
N
Jan'
3%
Jan
Heat & Power—
&
9 %: Feb
67%
114%
—,
10%
2%
10%
180
*
*
*
5c
National Transit
Mexico
4%
Jan
Feb
2%
& Stores
Idea Jnc-
Jan
x8%
Jan
10%
National
New Jersey
3%
1,200
jan
10%
Steel
New
6%i Feb
4,500
1%
10
National
New
373/41 Jan
Jan
3%
A——
Refining common
National Rubber Machinery
England
8%i Feb
Feb
4
61%
725 ">
66
Utilities—
National
Haven
Jan
Feb
Postage
Powdrell
City Lines common
National Fuel Gas
New
8%
8
1
Feb
Jan
Candy Co
New
Feb
5%
Jan
Jan
common
Mines
3%
preferred
England
14%
29%
3 3/a
Feb
8%
Gold
Feb
National
$2
Jan
•
10%
23/4
Governor
3
Bellas
6%
Jan
11%
I
_
Pioneer
4,700
Breweries
New
37
31%lMar
3 3/8
National
Nelson
Jan
30
3%
National
Nehi Corp 1st
35
125
3%
common
common
Oil
177 %> Mar
' ;
31%
pfd
Pierce
1,100
2-3/4
ft
N
Navarro
Jan
31%
Mar
Corp
National
151%
25
common
Common
National
125
•
Power 5%
11%
Mfg Co
Mfg
Feb
177%
175
c Feb
13%- Feb
Jan
preferred
National
Feb
66%
11
9%
Muskegon Piston Ring
7%
4%
Jan
500
7,100
Mountain States Tel & Tel
National
Jan
57
2.000
11%
States
Nachman
3
1,250
4
13%
9%
Mountain
Co
Jan
800
66%
4'
65%
13%
10%
Producers
6%
Feb
12%
1
1
1
Mountain
Muskogee
Feb
>
13
3,100
Investors partic pfd
Copper common
Ohio
51
•
Xl4%
Mountain City
Murray
80
Jan
1
ll%
Ward A
Montreal Light
Moody
Jan
7%: Feb
107%
2.50
•
Co
14%
Society
Dakota
Montgomery
Co
Co
2.50
Inc
Co
Corp
Pictures
Loan
Montana
Mfg
;
—.
Power
Feb
1,400
•
Public Service common—
Molybdenum
Monroe
•
Co
&
Feb
2%
106%
100
Monogram
~3%
"33/4
*
•
Miiflng & Mfg
Hosiery
Traffic
39
10%
27
1
Minnesota
Mojud
111
preferred
2934
28%
23/4
10
Lupplj
&
Mining Corp of Canada
Missouri
112% Mar
Jan
2,500
10
—
&
Jan
Phillips
*
Refineries
Mid-West
109%
78%
•
Jan
•
shares
Abrasive
Midwest
2C0
Feb
Jan
Jan
47%
•
Light $7 preferred
&
Phila Electric
preferred..*
conv
Products—
Oil
111% 112%
Power
42%
31%
5*/4
•
i
Jan
Jan
Philadelphia Co
common
Midwest
2%' Feb
100
Pharis Tire & Rubber
1
$2 non-cum dividend
Midvale
Jan
Perfect Circle
t c_l
v
common.
Corp
1%
Pepperell
_
Corp
1,000
$6
Corp
v t c—
West
Middle
2%
Penn Water
Petroleum class A
States
Middle
2%
Penn
t.
Micromanic Hone
81,100
Penn
Micnigan Sugar Co.
Preierred
7%
Penn Gas
—15
1
2.50
Michigan Bumper Corp
Micmgau
7%
41%
40%
29
_
$2.80 series preferred
& Elec class A com
—
preferred
High
41%
1
Pennsylvania Edison Co $5 series pfd..*
1
Corp
Participating
Low
•
25
common
Pennroad Corp common
Co
Textile
Metal
Telephone
preferred A
$1.40
«.
preferred
A
Messabi
Peninsular
Scott.
&
Warrants
Range Since January 1
High
102% Jan
110
20%
•
Jan
Jan
Jan
5
16 '/a
107
Jan
Jan
112% Jan
21%
Feb
•
common
„
•
14%
14
14%
1,875
14
Jan
16
Jan
Simmons-Boardman Publications—
convertible
$3
Pacific
Pacific
Can
Gas
5%%
1st
Co
&
common
Elec
6%
—
1st pfd—.
preferred
Pacific
$1.30
Power
Public
1st
&
Light 1%
Parker
Pen
Am
Corp
footnotes
38
Jan
40%
Feb
200
36
Jan
37
Jan
Jan
109
110
Jan
112
Feb
Sioux
Jan
8
Feb
Smith
12%
4C0
Aircraft
Solar
Manufacturing
24
13%
Feb
Sonotone
Jan
93/4
Feb
Boss
-
—
33%
21%
•
1013.
Solar
Jan
Jan
„
.
page
Feb
City Gas & Elec 745. pfd
(Howard) Paper Mills
8%
x22%
•
24.000
21%
22
2,000
48
51
40
Jan
43%
Feb
18%
Jan
22
Feb
51
Mar
44%
Jan
*3%
1
100
107
70
24
•
Feb
40
12%
common
100
111
23%
12%
preferred
Pattern
Singer Manufacturing Co
Singer Manufacturing Co Ltd—
Amer dep rets ord regis
107% 108
-10
see
Simplicity
8 %
shs.
Co—.
Feb
17
1,000
•
common
Parkersburg Rig & Reel
Patchogue Plymouth Mills
For
36%
111
•
preferred
Motors
40
Jan
7
108
-100
pfd
39%
36%
39%
•
Pantepec Oil of Venezuela
Paramount
-.29
•
Service
Page-Hersey Tubes
14%
•
-25
Pacificl Lighting $5 preferred
Pacific
„
32
common
Corp common
South
Oil
Penn
Pa
5%
£1
•;
«...
110
292
250
5%
100
110%
50
3% Mar
271
4"%
110
Jan
Jan
Feb
Pipe Line
32%
Feb
6%
Jan
292
Feb
5% Feb,
111%
Jan
•
10% Jan
13
14%
9.500
1
x7%
9%
12,200
1
Co
South Coast
Southwest
285
500
1
Co
Corp
Manufacturing
285
1% ~3%
Jan
x3%
x3%
4,800
2% Jan
1
8%
8%
4,300
7"%
Jan
2,700
4
Jan
1
25
10
4%
46
30
4%
47
31
1,600
150
7 %
Jan
42%
Jan
29
Jan
14% Jan
93/a Mar
3% Jan.
Monday, March 5, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
1012
EXCHANGE
NEW YORK CURB
RANGE FOR WEEK
Week's
Range
Shares
Low
Par
5%
6%
n%
—
45%
Jan
Feb
West
31% Jan
30
31
Jan
Western Air Lines Inc
1%
81%
Jan
Feb
Western
Feb
Jan
Jan
Western Tablet & Stationery com..
Westmoreland Coal
II20
8%
Jan
Jan
Westmoreland
200
Jan
2%
86
Jan
134%
11
...
Coal St Coke-..
-
—5
--.
.1
,
Maryland Ry t%
9J%
10%
Feb
Weyenberg Shoe Mfg
...I
13%
14%
Jan
Wichita
-10
19%
60 .:
Feb
56
Feb
Williams
(R C)
Feb
Williams
Oil-O-Matic
Oil Corp....
River
•'
ft en.
5
Jan
7
300
5
Jan
6% Feb
Willson
1%
600
li
Jan
1%
Feb
Winnipeg Elec
7,200
18%
Jan
23%
Feb
Wisconsin
Power St Light
400
27%
Jan
34
Wolverine
Portland
31
31
32
4%
23%
100
1
4%
4.400
22%
23%
300
18%
4%
-I
20
19%
%
:•
Heating
B
common
7%
Cement
Woodall Industries Inc
Petroleum
3,600
18%
Jan
19%
Jan
Woolworth
25
109%
Feb
110%
Jan
%
Feb
American
deposit receipts
Wright Hargreaves Ltd
Vz
700
fa Jan
fa Jan
%
110
410
129
14(4
13%
14%
'%
u
105
15,300
3%
3(4
3%
4%
4%
14%
%
Jan
3%
1,800
13%
13%
5y8
5%
6
Jan
13%
Feb
Feb
53(4
Jan
16
400
11V2
Jan
14%
Feb
400
5%
Jan
6%
Feb
3%
Feb
6%
Jan
16%
Feb
Jan
2%
Jan
6%
4,000
325
2%
16
100
14
Jan
13%
Feb
28%
Feb
Drutr Co
1
247/«
24%
25
1,500
19%
Jan
25
Feb
47%
48
75
46
Jan
50
Feb
18%
19
1,350
14%
Jan
20
Feb
10%
Feb
10%
1%
•
18%
*
j.$
ooip
6%
Jan
5
Feb
200
9%
Feb
10%
Jan
1,500
10%
Jan
12%
Feb
12%
13%
500
13%
Feb
4%
Bs
4%
28,100
*4%
•
York
Curb
Friday
Interest
Exchange
11
Jan
4fj Feb
Jan
3
Week's Range
Last
Sale Price
or
Range Since
Bonds
Friday's
Bid & Asked
Sold
January 1
High
No.
Low
High
102%
103%
Low
American Gas & Electric Co.—
2%s
f debs
s
1950
3%s
s
f debs
3%s
s
J-J
—I960
J-J
f decs—
Amer
i
& Lt
Pow
1970
deb
Amer
Writing Paper 6s
Appalachian Elec Pow 3(48—
106%
108
15
107%
110%
106% 107
106%
2
108 Vz 108%
J-J
1961
22
105%
107
6
100%
32
108%
109%
124%
120
106% 106%
'
'
107
J-D
1970
Appalachian Pow deb 6s__
1102 % 102%
■
M-S
2016
6s
101% 102
J-J
*
..2024
Associated
109% 109%
A-0
Elec
4%s___
pfd—
6%
1,000
5%
Jan
7%
U23
29
400
27%
Jan
29%
Jan
22
23
6,300
22
Jan
116
Jan
6%
lioo
r8% ~9%
3,600
19%
17%
20
4,700
5
34%
34(4
35
200
1
10%
10%
10%
1,900
8%
9%
800
„_„2
9%
1
common
Inc
—1
—
6%
"5
25%
4%s
.—1949
125%
102
9%
Jan
Feb
1st
Feb
5s
Feb
12%
Jan
Bethlehem Steel
Jan
65
.100
Bell
Telephone
M
5s
.100
*•>
1
Tonopah
V
1
..
.
-10
—1957
B
6 (4s
1962
Jan
Central
1% Jan
71% Jan
1%
Jan
JACentral States Electric 5s
116
116
20
115
Mar
Jan
116%
Inc
Edison
2%s
Northern
111
El
3%8—.
A5%s
100%
107%
112
113%
119%
17
119% 119%
121
1
$170
170
175
112%
112%
102%
104%
180
$111% 115
104% 104%
34
Af-N
102 V* 102%
12
101%
102%
104% 105%
3
104%
105%
104%
J-J
77%
71
78
140
58%
78
M-S
77%
71
78%
215
59
78%
1927
80%
82%
Jan
Feb
5 A Chicago Rys 5s
1%
Jan
1%
Feb
4
Cincinnati St Ry 5%s A———
8,200
Jan
5%
Feb
Jan
44%
Feb
Jan
1%
Feb
35%
33%
99
107
1954
—
-
4,000
3,700
32%
29
J-D
.1948
1%
44
32%
30%
..
112% 113%
113%
A-0
—1964
5%
43
33%
33%
29
29
100%
110
+108
Q-F
1953
5s.
Power
Gas
&
1%
43
33
32%
100
100%
J-D
1970
4%
*
1%
'T 5
1
30
Af-N
1998
12%
111
32
J-D
1960
Jan
Jan
32%
A-0
M-S
6s
Boston
J09
32
70
M-S
C
Bickford's
20
22
142
of Canada—
series
series
Feb
110
33%
1964
Feb
110
110
33
31%
F-A
3%s
5%
81
31%
31%
Jan
11%
790
97%
33
29%
87
31%
,—1955
Assoc T & T deb 5%s A
Jan
81
19
32
1968
Atlantic City Elec
Mar
76
92%
29
191
32%
F-A
1977
Jan
35
3% Jan
97%
J-J
1950
8%s
8%
1,200
97
31%
97(4
Co—
"
deb
Canada
79%
Elec
Registered
AConv
9%
Amer
Transwestern Oil Co
deb
20
12%
Corp
Af-S
Jan
26
rets ord regis
preferred——
Mining of Nevada
1948
&
Jan
118
Tobacco Security Trust Co Ltd—
dep recs def reg—
Todd Shipyards Corp
Toledo Edison 6% preferred
4%s
Gas
12% Jan
61
~5
"5
Exports
J-J
deb
Feb
28%
22%
Inc common
1953
AConv
fAssociated
AConv deb 5s
6%
Realty & ConstructionTobacco & Allied Stocks
series
6s
ctfs
B
(952
A-0
1966
82%
Af-S
263
68
102%
5
102
102%
$103% 105%
M-S
J-D
.1955
...
— —
104%
104%
8
77%
102
warrants.:
1%
—
1%
1
4,000
~7%
1
12%
1,000
8
12%
12%
7%
Jan
8
12%
Jan
13
1950
F-A
105%
105
105%
96
104
105%
5s
1958
A-O
106
105% 106%
39
104%
106%
Debenture
5s
—1969
A-0
104% 105%
7
104%
106%
Service
Conv
Jan
1,200
105
5s
Cities
Inc
Tung-Sol Lamp Works!
80c convertible preferred
103%
deb
Debenture
Tri-Continental
Trunz
Jan
6
—
ADebenture 5s
28%
•
Tishraan
7 %
Feb
13
1
Oil & Land Co
Trans Lux
8% Mar
Jan
Jan
9%
Period
Feb
2%
Cement—
common
dep
5%
11% Jan
11%
9%
BONDS
New
Feb
Jan
Textron Inc
Amer
350
Feb
12
Product
7,800
11
11%
Feb
16%
5%
6'/a
16
Ltd
(P W)
Jan
10%
1,300
23%
Tobacco
1,000
8%
6%
12
15% Mar
Jan
Jan
18%
15%
13%
3%
2,400
1%
15%
12%
14%
13%
Jan
21
Jan
18
Jan
63%
Feb
53(4
13%
4%
Jan
18
Xl2%
Jan
61
1,350
Roofing
Feb
12/
450
1,200
Mar
13%
Taggart Corp common
Electric Co common
Tilo
14%
20
Jan
28%
Co
Feb
Feb
Feb
Jan
13%
Shovel
Feb
Feb
129
Jan
,11%
'
1,700
4(4
Jan
%
2%
1,100
%
26%
Tampa
Thew
Feb
19%
6
AConv
Texon
x34 %
Feb
Jan
13%
& Light
Jan
14%
7%
12
]
27%
Power
27%
18%
2
Woodley
T
Texas
500
16
Jan
*
•
Technicolor
30
pfd—100
Mar
& Co common
On
Jan
•
4%
Jan
Machinery
"B"
29
.Feb
•
—.—8
Fincn
150
150
13%
,
14%
„•
]
9,300
ii2
1
Inc
•
•••
Inc
%
Vz
"
"•
23(4
3% Jan
21
Products
109% 109%
19%
_
—
Feb
Mar
Feb
30
Feb
2,000
.-10
19%
Jan
15%
19%
Jan
6%
22%
Jan
Jan
135
x34%
33
33
Jan
5%
20%
Jan
11%
190
29%
55%
100
56
Jan
6%
111%
150
145
150
13
(J B) Co common
(Hugot Corp
Class
Swan
2,000
Feb
Jan
Jan
10%
4,100
19%
19
19%
1st pfd. .100
Inc
10%
10%
10%
High
Low
4%
4,600
6
-10
800
2,900
21
fOtdo)—jrfd
Superior Portland
$3.30 "A" part
5%
5%
Range Since January 1
High
111
100
10 %
1
Products Co
1
Standard Sliver Lead
1
Standard Tube class B
1
Btarrett (The) Corp voting trust ctfs—1
Steel Co of Canada
•
Stein (A) & Co common
•
Bterchi Bros Stores
1
6% 1st preferred
50
6% 2d preferred
20
Sterling Aluminum Products
1
Sterling Brewers Inc
1
Rav
1.29
800
1%
"l%
Standard
bullivan
Low
Utility $6 preferred—
6%
•
2.78
Standard Power & Light
Common class B
Stroock (S)
Texas
5%
6%
convertible preferred
(Ky)—
Bttnnes
Shares
Par
High
West Va
10%
55%
55%
__
Standard Dredging Corp common
Stetson
for Wreek
51
pfd—
Standard Cap & Seal common—
Convertible preferred
Sun
V.
30% Jan
10%
Standard Brewing Co
Stprllng
2%
Sales
Range
of Prices
Friday
Exchange
300
13% Xl4%
14%
Inc
Preferred
Curb
'
Spalding (A G) & Bros 1st
New preferred
Spencer oiioc Corp—.—
.
$1.60
41'/8
40
10
Phosphate Co
Southern Pipe Line
Southland Royalty Co
Standard Oil
Standard Oil
30
2
■
Southern
St^hl-Meyer
York
134%
"
31%
30
30
England Telephone-
New
Soutnern
43
31%
31%
—
Power class A.
Colorado
preferred
Low
High
43
preferred series C
&V2%
Soutnern
New
Range Since January 1
Wentworth Manufacturing
California Edison—
original preferred
preferred B
Southern
Week's
Last
Sale Price
for Week
of Prices
Friday
Exchange
Curb
STOCKS
Sales
Last
Sale Price
STOCKS
York
New
ENDING MARCH 2
Jan
5s
103% 105
104%
Jan
■
—
Consol Gas El Lt & Pr (Bait)—
3%s
U
1
Corp
Realization
men
3%
Manufacturing Co——10
Unexcelled
Canada
of
Go8
Union
•6%
10c
Udylite Corp
1
6%
3%
Aircraft
United
'United
Chemicals common
Jan
4
Feb
Jan
R%
Jan
5%
3,700
8%
1,600
United
Cigar-Whelan
~3
10c
Stores
•
20
f;''Prior preferred
United
10%
4,500
Jan
2
73,800
12%
Jan
Feb'
25
Jan
Jan
3% Mar
10
10
95%
Jan
23%
2,000
18%
Jan
A
41,100
3/64
Jan
100
20
Jan
24%
12%
11%
12%
%
%
18,100
-%
n
2,500
78%
79%
5,700
9,000
Jan
23%
9% Jan
6,700
%
%
110
12%
Feb
class
1st
B
preferred
participating
United
{.
wj
16
16%
•
preferred
Feb
40
40
•
87
87
United
25c
Jan
80%
Feb
Feb
16%
Feb
Jan
40
Feb
Feb
86
20
6%
Sharing
275
"5
"2
87
Feb
277
Jan
Feb
1%
Jan
11%
U
Graphite
74%
Feb
78
Jan
44
Feb
46
Jan
11
Feb
77%
45%
46
140
10%
10
11
1,600
Federal
Water
Finland
Residential
5s
nited Wallpaper, Inc
Sntted Stores common
Universal Insurance
9%
stamped
Jan
2%
Co
Radio
Grand Trunk
1950
West
Nor
Mountain
4s
1950
Guantanamo
1963
series
Illinois
Power
Service
Jan
2%
Feb
Jan
91%
Feb
5%
6
2%
1%
1
•.
s
4%
•.
6
2%
1%
5 Va
375
83
900
4%
Jan
6%
1%
Jan
2%
<«
6,200
i*
4%
6,900
Jan
1%
Jan '
5%
Feb"5
6
12%
Jan
20%
15 '
Feb
300
5,500
5%
Jan
6%
Feb
Feb
23%
Jan
25%
Feb
Jan
30
Feb
24%
8,100
3%
3%
5,200
:
26
71
9%
9%
3
92%
92%
1
1941
3%
Feb
3%
Jan
74
1,150
65%
Jan
74%
10%
3,700
7%
Jan
Jan
10% Feb
3% Mar
Jan
96 ;
3%
1,100
93%
100
1%
92
Feb
Feb
3%
19,000
3
Jan
5%
1941
(July
Wayne
For
72%
440
54
Jan
72%
coupon)
11%
5,400
10%
Feb
12%
Jan
13
300
11%
Jan
13%
5%
"•
11%
5%
6s
"•
6s
3%s
Power
Electric 6s
Kansas Gas &
Power & Light
Kansas
3%s
Kentucky Utilities 4s
Laxe
Superior Dist Pow 3 %s
McCord
stamped
Corp 6s
•
v.; r
5'"f,
105
105%
28
102 %
103
103% 103%
*
12
102%
104%
107%
;Vy.
107V2
$108
—
108%
'
*45
30
6//
45
45
45
45
40%
45
42
J-D
1955
44
41
46
94
31
45
45
1
37
45
31
46
97
100%
81%
F-A.v
"»
46
...1957
J«J
■■■■
■■■
28%
45
37
32
i--7.:^
,.
44
46
46
41%
46
36
J-J
99%
99
99%
66
J-J
80
79%
80%
48
71
196S
J-J
54
53%
55
4
37
1965
M-S
2
106
107%
105
105
119
120
1952
_
107%
1966
J-D
2022
M-S'
1969
J-J
1970
s—1966
1948
J-J
107% 107%
$105
108
119
,
119
$111
;
2
111%
111%
——
$106% 106%
■.
60
105%
111%
107%
'
A-0
$106% 108%
F-A
$103% 104%
"
•»—
-
102
-.:
104%
KR—
4%
at
1963
to
70
A-0
71
106%
103%
104%
104% 105%
J-D
64
5
103% 104
J-D
19
106% 106%
J-D
1981
4%s
Light
Af-fl
1978
P & L 4%s
1967
1955
Gas
20%
&
1st
ref
Nebraska
6s
5s
Power
series
4%s
2022
A
106
107%
103%
106
12
72
Gas
5s
5%
11%
6
2,800
5
Jan
11%
700
10
Jan
10
108
Feb
6
20%
^
3%
2i
22 %
500
3%
200
3
Jan
xuO
18
Jan
22
20 Vz
11%
Feb
Feb
New
110% Mar
New
Mar
23%
.
Jan
4.
Feb
22%
Feb
deb
5s
England
Power
3%s
England Power Assn 5s
Debenture 5(4s
N
N
Y
Y
State
&
Elec
$114% 115%
M-S
107
106
•
19
106% 107
104%
107%
114%
'4-
*
115%
110
110 Va
&
1948
J-J
1947
M-S
93%
91
93%
62
88
94
1948
5s
-
Conv
•
J-D
92%
91
92%
32
88%
93%
1950
Amsterdam
New Eng Gas & El Assn 5s—1
110% 110%
•
1013.
M-N
,—1957
5s
Superpower
Electric
Kansas
Feb
inn
page
105%
F-A
1952
1941 coupon)
Jersey Cent Pow & Lt 3%s
New
•
see
105
Mar
10%
12%
Knitting""mIiIsI!!!!I—IH"II9
footnotes
72
106
102'/a 102%
Af-S
J-J
1952
Power
Debenture
Altalian
Mar
60
11(4
ext
105
1957
-—1957
Minnesota
5%
coup)
F
series
Interstate
Feb
71
A
67
105
105
Feb
20%
23%
3%
common
claus
105%
106
105
1959
C
E
(Aug
A 7s
Feb
6%
15
24%
74
A7s
Jan
21%
14%
A7s
3%js
L
&
(Dec
series
Extended
preierred
105%
105%
72%
$70
■
19
%
P
series
A6%s
A7s
Feb
*
6
A6V2S
Feb
1,400
W
i
105
104%
102
$98
A-O
1970
1%
90
/• t-M,
Waitt & Bond
Cla5g g
104%
"l
105% 105%
-
Midland Valley
Co
104%
$105% 108
1949
1963
2,600
2
89%
Manufacturing
Aircraft
101%
103%
$106
1950
B
5s
& ref 5s
2%
2
1
Wagner 2ahin« voting trust ctfs
101%
{International Power Sec—
v.
$4 convertiole preferred.
YenezutJan
Petroleum
Waco
106%
~1
$105% 106%
J-J
78%.
103%
Co—
ref 5%s series
1st &
Indiana
Indianapolis
";iW:'..v
u"
104%
77
63
103% 103%
A-O
Jan
B
Milwaukee
Yogt
124 %
30
$45
J-D
1958
Feb
10c
stock
106%
2
Jan 1949
Jan
"
Valspar Corp
1953
6s
Hygrade Food 6s ser A
68
102%
104
$101% 104%
J-D
West
&
101%
103%
78%
105% 106%
F-A
3%
Pow
*
124%
104(4
78%
105%
J-J
stpd
5s
Power
10%
1
Utility Equities common
;■
5s
20%
•
Products
—
J-J
Green
124
$104
J-D
J-D
Great
95
106%
106
78%
A-O
1953
Serv
Jan
•
Utah
101% 102%
1124% 125%
Af-N
1S48
1978
Pub
Jan
5
preferred
106
M-S
AGeneral Rayon Co 6s ser A
Georgia Power & Light 5s
General
Jan
'
$5.50 priority
1961
—1969
8%
1
Sugar—
Power & Light $7
.—1954
/.
A
3%s
Power
Gatineau
15 V*
10
Utah
102
F-A
■
68
103% 104%
Bank—
Mtge
600
10
•"
(Universal Pictures common
Products
5%s
Service
3,900
•
Utah-Idaho
1956
16%
50o
2
B
Universal
5s—.
10%
•
Uhiversal Consolidated Oil—
Universal Cooler class A
Class
Light
9%
1
Reclaiming
104%
Af-S
1956
St
15%
•
Rubber
104%
1121% 121%
A-0
F-A
2030
Power
10%
•
8
103%
Water Lt & RR 5&
16%
Securities
$5
U
123
Eastern Gas & Fuel 4s ser A—
5
common
and International
105
120%
(Bait City)—
Electric
Elmira
Jan
76%
45(4
1st preferred with warrants
U S Radiator common
U S
„
Gas
1
class B
Foil Co
S
109%
103%
4%s_..~——....1954
Continental Gas St El 5s
—1958
1st lien
U 8
108%
107
14
Feb
1.075
77:
1
United Specialties common
Jan
6%
700
10
25
Machinery common
Preferred
Jan
10%
2
25
Shoe
Jan
15(4
:
preferred
10 %
United
Jan
%
38
50
100
„
%
67
108
13
105
Grocery Store Prod 6s
rets ord regis
United NJ RR & Canal
dep
Profit
A Jan
iY Jan
Ltd—
Molasses Co
Amer
79
7
Milk Products
united
"
•
United Lt & Rys new
$3
•
•
:
10
107% 108
104
Feb
'
.United Light & Power common A
/Common
108% 108%
£—1976
Gen mtge
5/32 Mar
23%
.
mtge 2%s ser Q
Consolidated
J-D
J-D
J-J
....
mtge 3s ser P
ref
Feb
23
•
Corp common
"3%
Feb
71
22%
%
22 %
%
United Elastic Corp
United Gas
"2%
104% 104%
104%
warrants
corp
12%
8%
Feb
22
11%
•
iu-$5 preferred
Jan
67
1971
..—1969
N
ref
1st
Feb
4%
7%
5%
12
7%
2%
8
--
Jan
2,600
4
100
Products
6%
5%
•!
Union Stk Yds of Omaha
series
1st
6%
300
Af-N
92%
90%
92%
52
88
1961
M-N
1948
A-0
195* -Jx:-.Gas
Westchester Ltg
3%s
4s
1964
2004
—
—
$108
110
101% 102
103%
Af-N
J-J
$110% 115
—
—
103
103%
$107
"'v.-
•
107 Va
101%
103%
16
102 V2
104%
109 Vz
109%
1
101%
102%
— —
109%
102% 102 Vz
93%
107
41
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
161
NEW YORK CURB
BONDS
New
York
Curb
x
r."
Ohio
Power
1st
x'/-"
Low
Friday's
Low
Exchange
J-J
..1945 /
94%
M-N
A-O
94%
68
95%
series
A P-A
1952
101
Utah Power & Light CoDebenture 6s series A
109%
mtge
Ohio
Public Service
"'11
r
,
irT Mv1971
wirr'nirr*
1962
Power
St
Light
107 %
109
7
105%
107
101%
—1964
102%
103%
104
104
63
1977
63
M-N
M-N
J-D-
*108%
J-J
*109%
5%s
—1972
F- A
Philadelphia Rapid Transit 6s
1962
MS
1950
J-J
3%s
Philadelphia
Portland
5s
Elec
Gas
Power
8c Coke
1093/4
—
63
63
106%
■
107%
106%
1
109
—1970
Pennsylvania Water St Power 3%s-1964
6
1063A 1063A
*106
106%
108%
109
1083A
A 5a
Income
_2022
M-N
1954
Usbs
High
112%
2
109
112%
1
1063A
101%
1964
J-D
2030
A-O
1960
J-D
1059
F-A
A
West
Penn
Traction
5s
Western. Newspaper Union—
6s conv s 1 debentures
IA York Rye Co 5s stpd
102%
1937
*104
•
8
59
55%
103%
106®
10 9%
107'/a
nfc*
117%
116%
101
106
'
—
109% 109%.
109%
AA/— AA *118
121
—
104
|
100
'
99%
3
104
99%
103
*100
J-D
65
ioa
: v-
110
*108% 110%
J-D
1947
61%
59%
lOd^a
107%
1.
1951
—
'59%
110%
26
107% 107%
Ry & Elec 4s
Wash Water Power 3% a.
Wash
AA
j:. A.-.
115% 116%
■
A MS
J-D
1083/4
v.;-
—
1093/4110
0
105
:
104
J-J
—1979
5s
106% 107
*102
—
F-A
1955
5s
Park Lexington. 1st mtge 3s
Penn Central Lt St Pwr 4%s
1st
F-A
January 1
Low
Waldorf-Astoria Hotel—
12
108% 108%
-
IVA
1948
4s
Oklahoma Power & Water 5s
Pacific
A-O
'
■:
112% 112%
—
West Penn Electric 5s
tftt
Sold
No.
Low
(Maine)—
A
100%
3
108 % 109
Bonds
Friday's
or
Bid & Asked
High
1073/4
10
100 3/a 1003A
109
92%
25
95
Last
Sale Price
High
United Light & Railways
—1968
mtge 3%s
No.
Curb
Interest
•Period
York
January I
or
i-,
North Continental Utility Corp—
5%s series A (8% redeemed)— -1948
ngdpn On* 1st R*
BONDS
New
Range Since
Sold
Last
Sale Price
Period
Bonds
Bid & Asked
High
y:
Interest
Exchange
2
Week's Range
Friday
v-Vv\.''
EXCHANGE
FOR WEEK ENDING MARCH
RANGE
A Stamped
5s
"
'
100% 100%
6
idba
Co—
stamped extended
Corp (Can) 4%s B
Power
101% 101%
—1959
M-B
103%
1023/4 1033/4
86
101 %
J-D
108%
,108'A 108%
40
107%
108%
—1949
J-D
104
103
Foreign Governments & Municipalities
1033/4
—1964
104to8
Public Service Co of Colorado—
1st mtge 3%s_:
_
_
Sinking fund deb 4s
Public
Service
6%
of
Jersey—
certificates
perpetual
San
Joaquin Lt & Pwr
Real
104'/a
7
i
105% 105%
J-D
Shawinigan Water & Pwr 4to2S— —1967
Southern
California
California
Counties
3%s
Gas
—1970
98%
126
126
90
96
99
~
98%
1
102aV102%
— -.
19
Rys
32
104
*109
J-J
Danish
1955
M-N
1953
F-A
Extended
5s
110'/a
«
108%
AMaranho
1958
F-A
—1970
F-A
1053/4 1053/4
93'A
96
2
89%
31
96
96
Interest
AMeaellin
reduced
7s
Southwestern
P
Spalding
Standard
Gas
L
&
(A G)
2022
8s
1063A
"2
1043/s
106%
A7s
101 Vz
31
100
1013/4
A7s
100% 103%
—
95
May 1948
May 1948
A-O
A-O
100%
100 % 1033/a
36
96%
1851
F-A
100 %
100'A 103 %
103
96%
J-D
101%
101% 103%
48
96%
103%
—1957
F-A
101 %
101% 103%
109
96%
F-A
102% 1033/a
45
96%
—1950
100%
<:
—_
A-O
96%
103%
A7-4s 3d
63
64
7
63
71
343A
343/4
1
33%
84
76
4
82
1
'
33%
*19%
35
80%
•» • 4
42%
1
i0%-
38%
.
—
42%
37* *
19
16%
4
20%
1
:>
32
84
82' 5
26%
17
1951
33
A
M-N
42%
35%
;rV
1931
1972
M-fl
2008
M-S
1959
J-J
"2
35%
35
AaaA ...--A,.: A;
J-D
1958
' A//*
A
J-D
(issue of May 1927)
(issue of Oct. 1927)
•
.
(State)
7s
AAAAA'yAA; *42 %
;A
35
:A " A •„
■.
■.
'A
_/
13
~3~6^
.^."1
■
<>:<AA
*16%
J-D
22
80
22
6
45
22^
75
—
80
*42%
80
38%
__
43%
Stamped pursuant to Plan A
Interest
A Rio
de
reduced
to
2%s
6%s
Janeiro
AAA-.-.
—
—2012
J-J
6%s
1919
J-D
J-J
to
reduced
ARussian
Government
43%
37%
427
36%
36%
I
36%
36%
9%
A5%s
»
—
,
10%
13%
1,327
5%
•
■
_
..-V ,~V'\.
2%
1921
Interest
-j'J
—
$41%
Stamped pursuant to Plan A
37
33
—
J-J
1946
stamped
A Certificates
2008
AParana
(Hugo) Corp—
Stinnes
2%s
A-0
103%
gold debentures
Power & Light 6s
AStarrett Corp inc 5s
31%
M-N
103%
—1957
6s
Standard
<j;f
63
—
■
1947
103%
1966
1
Dec
High
"a a.
■■
63
—
83
-
1947
103%
6s
6s
Low
.A.
__
82
Mortgage Bank of Bogota—
105% 1053/4
M-N
Electric—
&
(stamped)
Conv 6s stamped
Debenture
106%
„
101
M-S
.1989
,
6s
83 "
V.
MS
AMortgage Bank of Chile 6s
Mortgage Bank of Denmark 5s
5s
Debenture
*1073/a
to
stamped
•
Southwestern Gas & Elec 3%s
No.
:•
31%
M-N
1053/4
>
—
J-J
7s
January^
•
J-D
107%
•-
.
Sold
Stamped pursuant to Plan A
J-J
—1951
4s
5%s
Bonds
Low
t63
Danzig Port & Waterways—
A External 6%s
stamped
1952
ALlma City (Peru) 6%s stamped-1958
106
15
High
/ !
Range Since
.
Friday's
*'63
A>AAA'y A'\
108
107%
107
A-O
—1971
Indiana
or
A-O
(Calif)—.
mtge 3s
Southern
,T"
Agricultural Mortgage Bank (Col)—
-A
A 20-year
7s
April 1946
A 20-year 7s
Jan 1947
Bogota (see Mortgage Bank of)
ACauca Valley 7s
1948
105%
'
107
.
Gas
102
$105
/—
M-S
3s„ —1965
109
$90
mm,
J-J
—1947
108
AAA1/
127%
107
At.-./
109
104%
90
109
*127
•
A-O
Wyoming Coal 6s
Southern
2
109
A-O
Sheridan
Southern
Week's Range
Last
Sale Price' Bid & Asked
Period
/
M-B
1951
—1951
Edison
Friday
Interest
156%
.152
1
:.v«
J-D
—1952
6s
-156% 156%.
—
A-O
—1979
6s 3
Estate
M-N
j MVr* *
Scullin Steel lnc mtge 3s
1st
BONDS
New York Curb Exchange
,
Harbor Water 4%s
ASchulte
104
~
Queens Borough Gas & Electric—
—1952
5'As series A
Safe
*
New
'
■
10%
10
13
652
4
5%
"AA;./A^AA; :A'; 4 v/AA^
22 X
21%
of
deposit-.—
Stinnes (Hugo) Industries—
—1946
7-4s 2nd stamped
A-O
—
5
35%
27
UTrading suspended in new common and preferred, pending court hearing.
See Long Island
Lighting item in our "Investment News" column.
:
(
?
•No par value,
a Deterred delivery sale,
d Ex-Interest,
e Odd-lot sale,
n Under-the-rule sale,
.
Electric
Texas
& Light
Texas Powei
6s
series
Toledo
Service
—I960
5s
J-J
—1956
5s
M-N
—2022
J-J
—1949
J-D
—1959
A-O
5%s_1952
A-O
3%s
United
Electric
United
Light
4s
J
N
22
103%
1063/a 107'A
22
104%
1071/4
106%
*116 % 118
106 A 107
116%
106
Power
1st lien & cons 5%s
110
(Delaware)
Cash
111
—
sale,
Ex-divldend.
x
,
^Friday's bid and asked prices; no sales being transacted during current week.
A Bonds being traded flat.
*
{Reported in receivership.
...
107
8
r
118
8
1103/4 111
—
—
.
Co—
&
United Lt St Rys
103% 104%
—
J-J
—1968
A
Edison
104
oT
Abbreviations used above—"cod," certificates of deposit;
*105% 107
—
103
103
104%
103 &
105%
103
101
1061/4
"cons," consolidated; "cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates}
"wi," when Issued; "ww," with warrants; "xw," without warrants.
.
OTHER STOCK EXCHANGES
RANGE FOR WEEK ENDING MARCH %
Week's
for Week
Last
STOCKS
•
A>
•
Par
A--•
Arundel
of Prices A
Sale Price
Corporation
Low
jt
...
18%
18%
Par
Calumet
Shares
Range Since January 1
High
Low
19%
565
16
High
Jan
19%
Feb
Cities
Cliff
Preferred
Consol
Gas
v
E
v
common
t
•
t c—
L
&
Power
3.00
3.30
100
c
25
com
3.35
71
Co
Jan
Eastern Gas & Fuel
25%
Jan
69
Jan
71
Feb
Y4%% prior preferred
6%
preferred
75
~
Jan
Sugars Assoc
Fidelity
Deposit
&
com
vtc_. 4
.
I
10
Fidelity & Guar Fire Corp
Realty Co common
_
160
——
_10
160
8
27
48%
5%
48%
5%
155
15
5%
—
...1
Guilford
200
10
Jan
Feb
6%
1st
15
46
4%
Jan
160
Feb
6%
preferred B
Feb
5%
Jan
Jan
49%
5% Mar
preferred adjustment
Eastern
&
Md
Mt
Pa
100
Vernon-Woodbury Mills com.
Preferred
..
New Amsterdam
U 8
_
_
7%
2.00
39%
50
7%
303
3%
90
90
151
90'/a
60
87%
Feb
90%
Feb
26%
_100
2.50
6
2
Casualty
Fidelity St Guar
27%
30
23%
Jan
27%
39%
40
—1975
472
75
series
A
5s
series
B__
—1975
_
76%
82
1975
5s
83
Feb
Feb
-
f
Transit Co 4s
38%
Jan
71
Feb
77%
Jan
1,000
100%
Feb
$45,000
7%
40
Feb
Mar
Feb
Boston Stock
Week's
Range
100
of Prices
Shares
General
American
Woolen
Anaconda
Copper
77
Jan
Jan
Royale Copper
6%
Corp (Del)
& Son
preferred
Boston.
RR_
_
Range Since January I
40
48%
Jan
156%
Jan
11%
38
971
18%
100
25
Edison
Boston
Elevated
Boston
Herald
Boston
&
Maine
Corp—
38%
39
___100
Ry
Traveler
126
«...
9%
29
55% Jan
164%
Jan
Jan
12%
Jan
Jan
18%
100
17
Jan
143
115%
Jan
39
y
76
75
76
26
27%
19
Feb
128% Mar
39
Central
RR
preferred
100
100
stamped
37
Jan
1,002
69%
Jan
76%
240
23%
Jan
27% Mar
68
71
2,208
6
70
f
Jan
4%
Feb
Feb
134
101%
Jan
•
106
106
'""VV.
109
,
Linotype
Rac'g
National
Assn
85
71
Jan
76% Mar
16
75
143/4
Jan
17
Jan
14
Jah
13%
13%
13
435
14*
Jan
193/4
193/4
50
16%
Jan
20%
Feb
34%
35%
787
31%
Jan
353/4
Feb
193/a
193/4
255
16
Jan
l93/4
Feb
423/4
Jan
46
37%
Feb
43% Mar
6
68
60%
6
*
*
17
347
Tunnel &
Butte
North
Pacific
Mines—
Mining
50
—
1,813
15®/8
169
15
Jan
95c
1
43%
15to4
15%
46
95c
100
95c
Feb
1%
Jan
2
860
1%
Jan
2
Jan
35%
Jan
39% Ma?r
6 3/4
Jan
10% Mar
1%
38%
•
39%
398
103/4
/
925
Feb
103/4
45
9
45
.17%
Jan
71
Mar
Jan
8
Jan
x
45
185
40
Jan
45
Feb
17%
100
17
Feb
17%
Jan
7%
7
7to2
1,260
53/4
Jan
7%
Feb
463/4
45
463/4
245
41%
Jan
49%
Jan
70
70
25
66%
Jan
70;
Feb
10
17%
183/a
44c
42c
49 c
*
2
2
2
*
100
2.50
48
48
117
114
118
10%
Feb
153/a
Jan
18%
Feb
25c
Jan
49c
7%
400
10%
18
1
65c
395
8,660
1%
100
Jan
Jan
*
363/4
-25
Button Hole Machine
Reece
Folding Machine
Rutland RR 7% preferred
Shawmut
Stone
&
13
14%
143
10%
Jan
14%
Jan
13%
14%
362
12
Jan
15
52c
.
13%
82
11%
Jan
15
Jan
100
16%
16%
16%
570
14%
Jan
17%
Jan
Union
15%
150
13%
Jan
16
Feb
United
200
•
42
Jan
1093/a
Jan
40,450
30c
Jan
508
30c
Jan
320
72c
Boston
Personal
Boston
&
Prop
Trusti—
Providence RR—-—
For footnotes
see
page
1020.
*
100
15%
54
55
105
41
Feb
57% Feb
72c
Feb
Mar
Feb
4% Jan
2Vt
23/4
423/a
13
41%
Feb
44%
35%
31%
991
33%
Jan
38% Jan
230
Jan
3% Feb
2%
3
1%
Jan
*
13%
14
158
12%
Jan
10
100
1%
1%
100
1%
Feb
1% Feb
23/8
2%
1,319
1%
Jan
2%
Feb
14
Feb
*
Webster lnc
16
16
16
515
15%
Jan
16%
Jan
*
Assn
13%
13 toe
13%
740
103A
Jan
14
Feb
283
38% Feb
37%
37'A
38
37
Jan
Twist Drill
32%
32
33
179
30
Jan
17%
18%
311
15%
Jan
18%
Feb
Drug lnc
183/s
93%
539
90%
Jan
93%
Jan
Torrlngton
United
50%
118
Feb
Mar
2%
Jan
13
stamped-
2
41%
2%
50
RR
Quincy Mining Co
13%
1st pfd
Jan
100
100
Mills
Pennsylvania
14%
class D
Ma):
44%
40%
1
lnc
Cos
England Gas & Elec Assn—
5%% preferred
New England Tel & Tel
class C 1st preferred stamped_100
10%
Feb
76%
16
New
7%
.
109
75
5
Service
8% class B 1st preferred stamped_100
5% class A 1st preferred stamped-100
.
100
*
common
preferred
Reece
prior preferred
6%
83%
52%
Feb
Mar
3,717
RR—
7 %
Feb
Jan
3%
34% Mar
128%
27%
*
Jan
78%
25
Theatres.
Boston
National
2,790
34%
—
Nash-Kelvinator
High
11%
•
lnc
Boston & Albany
Jan
9%
473/4
5
common
Old Colony RR
Bird
<
175
—15
•
Kennecott Copper
High
32%
—
Jan
Jan
Narragansett
50%
49%
11%
50
8%
125
*
Electric
Mergenthaler
162% 163%
«...
163
*
200
200
9%
.200
46
Stores
85
103%
for Week
Low
100
Tel
&
90c '
3%
*
National
Isle
Sales
Last
Tel
common
Hathaway Bakeries class B—
Exchange
Friday
Sugar Refining
90c
83%
First
5%
American
Jan
52%
35
Maine
American
90c
9
3%
*
Loew's
Sale Price
21% Feo
823/4
*
1
v
Par
Jan
49%
Stores
Grocery
Gillette Safety Razor Co
44xy/4r'\:':;,:;
9,150
100% 100%
2.50
Lamson
STOCKS—
Lines lnc
SS
Jan
16%
Feb
1.00
V
Bonds—
Baltimore
2.50
100
RR
.
7%
69
100
Employers Group Assoc
Engineers Public Service
Economy
Feb
200
100
100
—100
100
com
series A
pfd
High
8%
20%
100
:
—
"
20
Co
10
A3 :
Low
Associates—
Eastern Mass Street Ry
Eastern
.9
■
./■>
j
-rx.
3.65
Feb
3.00
1,772
71
—
25
90c
"
Range Since January!)
High
7%
19%
.
25
*
Mining Co
Copper Range
20 :
1,650
24%
*
Low
7%
10
V
Bait Transit Co
-—5
Hecla
&
Service
■
Range
for Week
of Prices,
Shares
Sale Price
Sales
Range
Friday
Last
STOCKS—
sales
Week's
Friday
Baltimore Block Exchange
Co
Fruit
Co—-
...
93
92%
r
33
Feb
THE COMMERCIAL & FINANCIAL CHRONICLE
1014
Monday, March 5, 1945
OTHER STOCK EXCHANGES
for
range
Low
United
6%
Shoe Mach
25
common
Waldorf
(S
78
Feb
75
D)
7%
Feb
45%
45%
93
43%
Feb
46
58%
59%
80
51%
Jan
60%
Feb
*
16
15%
16%
265
13%
Jan
16%
Co
40
39
40
315
36
Jan
40
Feb
Jan
125%
115%
267
122 Ve 125%
50
Westinghouse Elec & Mfg
,
Util
&
Hart
!
'
Range
for Week
of Prices
Shares
'
Last
Sale Price
STOCKS—
.■■.■■■
:
.•
Admiral
Corp
■
■
Low
par
■
1
common
13%
13%
Chemical
North
Range Since January 1
High
10%
5,350
High
Jan
15%
9
Feb
11%
Feb
—
10%
10 %
200
9
Feb
11%
Feb
3%
3%
3,050
2%
Jan
4%
12%
™10
12%
13%
800
12
Jan
14
Feb
40
40
50
33
Jan
40
Feb
3
—
•
—
Feb
3%'
•
3%
Jan
3%
55%
54%
55 %
600
48%
Jan
55%
Feb
1
common
3%
*
,
& Co
Bancorp
Bush
High
250
3%
14%
14
14%
600
13%
Jan
14%
Feb
15%
16
250
15% Mar
38
38%
400
36%
Jan
38 %
Feb
17%
18
300
17%
Jan
18%
Jan
23%
Jan
25%
Feb
2
15%
10
A
•
20
■'
17%
.
500
20
Feb
Jan
*
25
24%
25%
550
100
common
•55
54%
57%
160
43
Jan
57%
Feb
16
16
100
16
Feb
16
Feb
15%
15%
100
12%
Jan
15%
Feb
8%
31,200
4%
Jan
Utilities—
preferred
Nunn
Low
10%
Co-
Ward
West
7%
Range Since January 1
High
10
vtc—
common
,
Northwest
Low
13%
Inc
National Standard Capital stock
North American Car common
Sales
LOW
10
—100
National Cylinder Gas common
National Pressure Cooker common
Chicago Stock Exchange
,
Shares
100
$1
Common
Week's
lien
lien
Montgomery
Friday
prior
prior preferred
Modine
Mfg
com
.?
Monroe
Mar
6%
prior
Miller
Feb
Inc
for Week
Par
Midland
Jan
•
System
Warren
High
Low
700
77%
——10
U S Rubber—
Sales
Range
of Prices
Friday
25
preferred
Week's
Last
Sale Price
STOCKS—
Range Since January 1
Shares
High
76%
77
MARCH t
for Week
Range
of Prices
par
ending
Sales
Week's
Friday
Urt
Sale Price
STOCKS—
week
Shoe
common
•
—2%
Feb
•
Aetna
Ball
Allied
Products
Class
A
Bearing
Armour
$6
Co
<b
pfd™
31%
'
'
..100
._
7%
Jan
10%
Feb
300
9%
Jan
11%
Jan
Omnibus
31% Mar
Feb
Penn
Feb
Pennsylvania
163%
Jan
Jan
113% Mar
9
8%
Jan
20
114%
Feb
Poor
1%
Jan
2%
Feb
Potter
9%
2,550
7%
Jan
9%
Feb
Pressed
5%
6%
3,000
&
Co
class
Co
B
(The)
Steel
Belden
Mfg
Co
6%
3,700
Jan
30%
750
26
Jan
400
16%
Jan
17%
Feb
Raytheon
19
19%
550
14%
Jan
21
Feb
Rollins
54%
•
Corp
54%
100
48%
Jan
55
1
Berghoff Brewing Corp
12%
13
13
12%
Burd
Piston
Ring
Mfg
Hosiery Mills
Sears
Jan
23%
200
18%
Feb
27%
27%
28
200
24
Jan
28
Jan
25%
25%
26%
150
23%
Jan
27%
Feb
Castle
&
Co
Secur
Corp
Convertible
Serv
lien
Spiegel Inc
Feb
Standard
Jan
Jan
7,400
%
Jan
i
1%
:;
15%
16
1%
16
110
14
200
21,050
100
490
1%
*
*
5
•
106
2%
2%
125 % 125 %
50c
110
for
c
80
12%
24%
1
common
16
1
Co
pfd
102
6%
60
Cities Service Co
Club
Aluminum
Community
Oil
of
&
Swift
International
29%
27%
29%
60%
60'%
60%
Co
t
v
partic pfd,*
c
Crane
Co
partic shs
t
v
Co
Dodge Mfg Corp
Doehler-Jarvis
Feb
2,100
*
34
34
22
22
Housenold
National
Elgin
Watch
Union
Jan
United
Air Lines Transp capital
Light & Rys
(The)
Co
common
i 37%
-
72
Feb
U
Feb
Utah Radio Products common—
Fox
(Peter) Brewing common
General
Amer
Walgreen
21% Feb
3% Jan
General
Transp
4%
Feb
Westinghouse
29%
Jan
Wieboldt
Stores
Feb
55%
Feb
Williams
Oil-O-Matic
8%
350
7%
Jan
8%
Jan
Wisconsin
Candy class
A
140
36
Jan
37
Feb
Woodall
Industries
17%
Feb
17%
Feb
Wrigley
(Win
10
50
10
Feb
11%
Jan
Yates-Amer
31
1,000
26
Jan
31%
General
Motors
General
Corp
150
104
Jan
106%
Feb
Outdoor
Gillette
Safety
Goldblatt
Adv
15
cl8%
15%
Jan
20%
200
5%
1,000
4%
41%
Unlisted
Jan
18%
23
Feb
Jan
Jan
5%
43
Goodyear Tire & Rubber
Gossard
Great
Co
(H
Lakes
W)
Jan
16%
Feb
Jan
40%
Feb
Interlake
Dr
Hall Printing
&
Co
Dk
13
Jan
Martin
General
Hibb
Brew
Spencer Bartlett
Horders
Inc
Interstate
Katz
57c
$6
preferred
&
cumulative
Mfg
Masonite Corp
Midland
8%
Jan
200
10%
Jan
12%
Jan
16%
Jan
13%
57%
57%
100
52 %
Jan
57%
Feb
17%
18%
800
16
Jan
18% Mar
19%
19%
2,000
18%
Feb
21%
Corp
Prod
7
'
Jan
24
13
see
page
200
79
Jan
85%
35%
16%
300
31%
Jan
35 % Mar
1,600
15%
Feb
16%
65
2,200
58%
Jan
65
450
7%
Jan
10 %
Feb
100
31%
Jan
32%
Jan
100
122%
Feb
125
14%
Jan
16
10%
32%
"
125
150
1,300
11%
Feb
Mar
Mar
Feb
8% Mar
Jan
6
Feb
14
Jan
Jan
13%
200
9%
9%
400
9%
Feb
10%
71%
71%
200
70%
Jan
73%
Feb
8%
800
7%
Jan
9%
Jan
Jan
14%
13%
.0%
*
_5
8
f
•
•
Jan
14%
1,100
11%
34
2.300
29%
Jan
34
Mar
Jan
85
Mar
74% Mar
81%
85
300
76%
71%
74%
500
67%
Jan
6%
6%
500
5%
Jan
.
£
6%
Jan
41%
43%
1,900
Jan
43% Mar
10%
10%
100
9%
Jan
10%
Feb
2.4%
27
900
23%
Jan
27
Feb
17%
17%
18%
2,500
15%
Jan
18%
Feb
24%
23%
25%
4,700
22
Jan
26%
Jan
28
Jan
31%
Feb
48%
1
common,——
42%
,10%
•
Jan
52%
Feb
Jan
19%
Feb
Feb
f:
5
'
38
~
1
*
•
common
of America
Feb
13%
32%
I4'*
11
*
common
Corp
(The)
17%
54%
53
54%
190
48
Jan
31%
29%
31%
18%
-
'
18%
1,300
11%
12%
2,000
10%
Jan
12%
19%
Jan
22% Mar
Jan
31%
Feb
56%
■:
"
17
29%
•
te
>12
<
•
common
common
167/a
260
14%
Jan
17
21%
22%
200
26
26
Brands
Jan
60%
Feb
18%
Jan
24%
Feb
21%
22%
4,100
23%
22%
24%
600
Oil of N J.
Standard
Studebaker
U S
*
common
25
Corp common
Rubber
Co
1
common
54% Mar
16%
Standard
22%
4%
—
4%
100
*
10
Jan
24
50
„
3%
100
10%
10%
400
29%
27%
29%
1,150
28%
28
29
300
24%
24%
24%
7%
7%
Feb
22% Mar
;
Jan
26
Jan
5%
Cincinnati Stock Exchange
Feb
s,
8TOCKS—
9
97%
*
50
11%
Feb^
20
Jan
29 %
Feb
Aluminum
26%
Jan
29
Feb
American
Laundry
400
Xl9%
Jan
25%
Feb
American
Products
8'%
900
6%
Jan
8%
18%
160
12%
8%
175
6%
9%
2,450
97%
97%
10
Jan,
7%
96
Jan
18% Mar
8%
,
Jan
Feb
Baldwin
Burger
Jan
98
Feb
Paper
29%
Feb
32%
Jan
Churngold*
52%
Feb
54
Feb
Cincinnati
5%
9%
10%
950
8%
9%
6,400
•
•
77/s
6%
9
6%
5%
1,000
Feb
7%
-■
Jan
6,
Jan
7%
——
10%
-
—
21
&
Cincinnati
Feb
16%
Jan
25%
36
266
32 V2
Jan
36%
1
25
15
1
Jan
Feb
1
Jan
Jan
106
10
Jan
15
Feb
108
6
105
Jan
108
Jan
9
9
100
9
Mar
10
Jan
34%
Feb
14%
Fibre,
1,300
6%
Jan
9
Feb
150
5Va
Jan
6%
i
Street
Cincinnati
Union
50
'
12%
50
Stock Yards.
33%
12
12
10
108% 109
12
73
107%
Jan
109
Feb
39
108
Jan
110
Jan
109% 110
12 %
15
15
Corp
•
.
38%
40
110
34%
Jan
40
Feb
17
100
17
Feb
17%
Jan
Gibson
Feb
36%
37%
g%
8%
8%
16%
16%-
31%
32
10
Hobarfc "A"
Jan
Jan
Jan.
12%
,
14
81
20
2
Jan
16 ;>
98
1
14
31%
Jan
39
8
90
Jan
8%
Feb
Feb
Feb
Jan
Feb
Jan
95
13%
Jan
16%
Feb
245
31%
Feb
33%
Jan
135
40
Jan
42%
Jan
Feb
17%
36%
8%
78%
89
.
•
——,
Drug
10
1,181
13%
80% ~ 80%
*
Feb
Crosley
28%
45
Jan
33%
*
Cincinnati Telephone
16
.16%
100
13 %
37%
350
35%
Feb
20%
21%
18%
Jan
41%
Jan
45% Mar
Feb >
14%
Formica Insulation
*-
32
Jan
Jan
-37
Art
43%
45%
1
9%
9%
9%
450
9%
12%
12%
4,000
10%
Jan
13%
Feb
K> CO £
Jan
35%
Feb
Manischewitz
*
Lunkenheimer
34%
High
Low
56
22
108
*
,
pfd
100
109
CNO & T P™____20 ■no
1,900
300
•
1
2_
',100
„
——-
Jan
9% Mar
37%
•
*
35%
Gas & Electric
17
*'
21
21
20
—
Eagle-Picher
39%
21%
,8
—
Champion
800
240
5%
1
Range Since January 1
High
9% Mar
30%
9%
Machine
—
54
10%
Lota
0
Brewing™
29%
*
Shares
.
Feb
Industries
53%
—
for Week
Par
Jan
7%
8%
—
Sales
Range
of Prices
Friday
Jan,
17%
8
Week's
Last
Sale Price
Feb
5
1020.
88
Feb
Jan
'
^
13
Co—
footnotes
Feb
41% Mar
8%
Co
45%
capital
20
Jan
Jan
Jan
__
com
Jan
.
Feb
••
13%
•
common
Food
United
*
17
36%
125
.1-25
2
capital
Co
Republic Steel Corp
Feb
11%
7
common—,
700
250
32%
ft!;;
Central RR capital
Radio Corp
Jan
9
'
22
*
capital
20
41%
15%
Incorporated
Oil
Pure
Feb
15
._—*
common
Jan
6%
Pullman
Feb
200
York
Dow
common
Feb
34%
15%
Paramount Pictures Inc
68% Mar
Mfg—
Convertible preferred A
For
Jan
650
*
Dredging Co
Field
West
8%
62
400
5
common
pfd
Mfg
Consol
Mickelberrv's
Feb
650
100
common
McQuay-Louis
Middle
Feb
7%
7
23%
•
common
Radiator
Marshall
17%
Jan
1,550-.
12%
1
Lincoln Printing Co common
Lindsay Light & Chemical com
Mapes
Jan
250
7%
17%
*
^
common
Llbby McNeill & Libby
$2%
16%
17%
13
1
common
;
LaSalle Ext Univ
McWilliams
Feb
23 VB
*
Ken-Rad Tube & Lamp common A
cum pfd
:
McCord
54%
16%
*
preferred
Co
Jan
13%
10
common
Switchboard
&
52
12%
100
Kentucky Util Jr
Leath
300
53%
16%
1
com
34%
Jan
h W'-
(Glen L) Co
Preferred
Drug Co
Kellogg
,
Power
New
15%
5
new
Indianapolis Power & Light
Products
Feb
7%
19%
•
Co capital
Illinois Central RR common
Steel
34%
11%
*
Illinois Brick
Indiana
Nash-Kelvinator
Jan-
25
Houdaille-Hershey class B
Hubbell Harvey Inc common
3upp Motors common
c
18% Feb
29
l
common
t
13%
1,200
15%
^L' •'
10
—
v
17%
13%
10
common
Indep Pneum Tool
Feb
Jan
15%
•
cap
Jan
32%
9%
*
common
capital
Corp
11
13%
•
common.,
Co G
Iron
150
X53
*
common
Harnischfeger Corp
Heileman
Electric
200
700
com
317/s
600
61%
■
1
11%
300
common
1,800
*
Curtlss-Wright
13%
8%
common
34%
16
*Jr-
Stocks-
17%
17
.
Feb
34%
"
common
Co
Mach
33% X34%
*
s( -iyi- '•
it
35%
68%
*
•
Feb
Jan
1,050
8%
common™™"
16%
34%
|6 %
.-64%
Copper Mining
50
Atch Topeka & Santa Fe Ry com—100
Bethlehem Steel Corp common•
2,100
.
66%
common
Feb
Feb
Jan
19%
40%
34%
Anaconda
Feb
Jan
120
10
common
Razor
Inc
Bros
18%
15
14%
'
850
Jan
33%
w
50
common
American Radiator & St San com
13% Jan
42%
100
common
38% Mar
Jan
13
Feb
Jr)
11%
7%
Mfg,
common
Bankshares
200
16%
1
&
Inc
37
40%
5
General Finance Corp common
■•Preferred
Elec
17%
15%
__
;
common
Jan
40
5
common™
Co
55%
16
--
Jan
Feb
Feb
Jan
16%
50
16%
4%
34%
*
16% Jan
I
28"%
40
1%
14%
15%
33 %
•
1
common
10
5%
.
23%
200
18
14%
-r
103
300
20
17%
1,400
5
Jan
6,400
42
•
38%
18
'
capital
Jan
4%
42
10
Auto
37%
%<;£»:
•
i
w
93%
S
Steel
Carbon
&
55%
15
,
Drive
Carbide
63
Fitz Simons & Con-nell Dk & Dredge
Four-Wheel
Jan
2
common
29%
*
5
Co
23
3%
84%
Jan
150
Util Corp
35
Jan
1,950
15
62'A
18%
5%
Jan
20%
4%
25
30%
Co
105% 106%
20%
30
4%
•
capital..
Jan
18%
1
100
150
4%
20
Jan
*
5
Mar
Feb
54%
150
class A
27
Feb
25%
14%
(The)
Feb
Jan
17%
208 South La Salle Street Corp com—*
14%
Corp
Domestic Industries Inc
20%
15%
Trane
30%
105%
180
350
23%
Feb
10
com
37%
27
Jan
Jan
Jan
10
pfd—100
cum
Jan
38
Jan
60
17%
30%
6%
Jan
38
Jan
36
36%
cl B——*
common
Eddy Paper Corp
36%
21% Mar
15%
25
4%
25
(Alf) & Cohn Inc
Electric
50
Jan
13%
capital
55%
8
5%
22%
capital
29%
■
29%
—,50
common
Cudahy Packing Co 1%
Decker
c
"'
■1
350
6%
26% Mai105%
400
Jan
3,300
Jan
1,700
Jan
20%
19
20
Jan
100%
15%
53%
10
Jan
18%
100
17%
35
200
23%
700
23%
100
/
625
21%
14%
1,100
72
Feb
16%
Feb
Swift
220
72
13%
26%
11
22%
113
Feb
1,400
102 % 102%
Feb
Jan
150
102
Feb
5%
13%
'
Jan
Feb
60
1
Conv partic shs v t c cl A
Common
81
Jan
Feb
36
pfd—"
common—
Jan
4%
700
2
Indiana
9%
35%
25
7%
77
510
5%
36%
Stewart-Warner
Corp common—,
5
Storkline Fur Corp common
l„10
Sundstrand Machine Tool common.
5
14%
35%
*
com
common
Service
Consolidated Biscuit
Consumers
Co
Edison
Water
20% Mar
•
Jan
2% Mar
18%
16
41,350
5
Uten
Commonwealth
Jan
5
131
Jan
Jan
8
1,150
9%
10
16%
25%
i
Jan
890
18%
9%
58%
:—"
common
Feb
cap
Works
Stockyards capital
Dredge pfd
Standard
Feb
20%
*
Common
1% Mar
Chicago
Chrysler Corp common
5
*
Lathe
Jan
14%
18
9%
59%
—
Towel CoCommon
capital
Feb
5
United
common
Preferred
Jan
6%
79%
Chicago & North Western Ry—
V t
15%
13%
1,350
6%
■
.
common
%
12%
•
preferred
Chicago Flexible Shaft common
36
Jan
Jan
20%
capital
Corp
Bend
7%
14%
18%
1
27
108%
Jan
82%
•
common
Jan
30
100
19
Jan
11
120
•
Burrell Corp
Chicago Corp common
common
St Louis Nat
Feb
22
*
Convertible
South
Feb
99%
Central States Power & Light pfd
Cherry
Feb
Feb
120
1
Sinclair Oil
7%
7%
15%
400
Preferred
35
15
450
*
Jan
27
*
75
4
Common
Jan
106
preferred
Jan
5
preferred
capital
Co
&
Signode Steel Strap
5%
27
preferred
Jan
69%
6%
1
Feb
33%
36
6%
Feb
Jan
1,000
37%
74
15
■tiX-LL"
Mar
21%
38
*
common
Corp class B
6%
450
2,700
105
common
Serrick
23 % Mar
Cummins
Roebuck
13% Jan
1,770
7%
-•
pfd
sh
Central 8 W Util common
Prior
7
15%
7%
15
10
com_
Pub
111
Cent
(A M)
Illinois
Central
6%
6%
15%
8%
6%
Co
Sangamo Electric Co
Jan
7%
23
1
.—.—.10
*
107
200
36%
73
37%
1
common
Feb
11%
300
8%
common
—
Mar
■
Schwitzer
Butler Brothers
Jan
19
36
f
1
common
Feb
750
8%
Blnks
Mfg Co capital
1
Bliss & Laughlin Inc common
5
Brach & Sons (E J) capital
*
Brown Fence & Wire class A pfd——'*
Common:—1
98
250
Feb
19
5
common—
570
20
8% Mar
30% Mar
17%
107
19
6% Feb
28%
17%
Corp
Aviation
Bendix
—
common
Car
103
"107
%r<-
6%
30%
common
Radio
Belmont
.
6
8%
10
50
11,550
Quaker Oats Co
■
A*
2%
8%
6%
_•
Bastian-Blessing Co common
100
class
capital
9
2%
4
....
Swith
RR
Peoples Gas Lt & Coke capital——_100
Perfect Circle
(The) Co
7%
1
Athey Truss Wheel capital
Aviation Corp (Delaware)
Jan
Electric
2%
113%
—
135
158%
600
Jan
:;v;
J
5
com
113% 114%
8
•
preferred..
Jan
124
10
6
.common.,..,
45%
Feb
39%
100
163
163
p
common
Co common
Corp
Peabody Coal Co class B
6% preferred
30
50
31%
45
133% 133%
100
capital
Co
prior
conv
Asbestos Mfg
v.***
Co
Service
Tel
&
1,500
10
10%
45
/'•
*
Mfg
Public
Tel
Amer
10%
.25
preferred
American
9%
1
common
Corp—
Chalmers
Allis
5
Castings—
Aluminum
Advanced
33%
21V8 Mar
Kahn
Kroger
——1.—„—„
—-
Magnavox
35%
2,250
'•
:
—
41
46
46%
65
45%
Jan
46% Mar
13%
13%
200
12 34
Jan
13%
40 %
37%
40%
303
36%
Jan
38%
Feb
30
*
42
46%
13%
ii„_*;
31
27
Jan
31
Feb
13%
13%
20/
11%
Jan
13%
Feb
17
17
10
16
Jan
17
Feb
*
^
.
—.2.50*
■
■
_c
2
255
1
Jan
Volume
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
161
1015
STOCK EXCHANGES
Last
Range
Sales
for Week
Sale Price
of Prices
Shares
Friday '/>■•
STOCKS—
0
#
_
Week's
Last
Low
STOCKS—
Til
Low
High
I
Par
Hudson
Procter & Gamble
•
Randall
*
class
A
U
_
26%
__
«
Printing
Feb
4%
Jan
26%
50
231% Jan
26%
Jan
50
Preferred
45%
Jan
55%
Feb
Kresge
(S S)
165
14%
Jan
16%
43
Jan
46
Masco
Screw
3%
100
16%
46
82
Mar
r
■
UnlistedAmerican
23
Timken
Roller
23%
23%
30
Jan
19% Feb
20%
Jan
23% Mar
Jan
4
5%
Feb
5
110
66%
68
378
62%
Jan
68
31%
32%
89
26%
Jan
32% Mar
54%
54%
21
51%
Jan
56%
5
5
«
*
Bearing
15%
197
32 Vs
10
Brands
Prod
Feb
Friday
Last
Basic
Range
.1
Clark
Murray
Corp
Packard
1
Park
Chemical
Davis
Detroit
&
Eaton
Wolverine
General
6%
735
Rubber
&
Tire
(B
Goodyear
Tire
Co.
Greif
Bros
Cooperage
Halle
Bros
common^.
Interlake
a32
50
a
60%
53
a—
227
class
__
Jones
_
45
Jan
21
21
16%
36 Vs
37%
28
28
31%
31%
—
_
*
Island Lime & Tr
Kelley
Jan
21
33
Jan
Leland
23%
Jan
107
31%
Mar
30
...
Portland
National
...
_
31%
National
Bros
1474
Cooler
&
Co
class
Products
Iron
10%
35
35
20
24%
Jan
26
class
Aircraft
B
16
2%
41%
Drug
221%
Mar
Feb
Jan
Mar
Jan
Co
Mul
a—-.
a—
~r_
18%
24%
Jan
Feb
7%
Jan
10%
Feb
15%
141/4
Jan
15%
Feb
a46%
a__
Industrial
•
a27% a27%
*
.4
Rayon
a41% a42%
*
5 % %
Iron
a42% a44 %
Ohio
Oil
U
Steel
S
Blue
Diamond
Steel Door
Bolsa
Chica
Jackson
Creameries
of
Products
Derrick
204
a.
Farmers
71
'
Corp
&
a.
Farnsworth
a.
a
131
a__
Stores
Motors
General
Paint
a64% a64%
457
a__
a—
Hancock
a23% a237/s
80
a—
a—
Holly
McBean
Oil
Co
Motor
A
Los
1
Cleveland
Detroit
&
Detroit
Edison
Detroit
Iron
Gray
Steel
Wood
Motors
1
7%
Co com
Shares
Hoover
Ball
Hoskins
Mfg
For
Feb
11%
Feb
11%
1
2%
8%
Jan
12
41%
Mar
2%
Feb
4
Feb
38.%
Jan
2%
600
1%
Jan
445
3
Jan
1.75
Jan
2.45 Mar
21
Jan
22%
Feb
24%
Feb
24%
Feb
5,260
22 %
1,220
50
2% Mar
4%
Jan
50
100
1,460
28% Jan
Feb
31%
94
Jan
94
Jan
"19 *
Jan
25%
Jan
12%
100
10*%
Jan
13
210
71
Jan
1
Feb
71
>12%;
15
15
358
.
20
400
35c
14%
Jan
Jan
15%
Feb
10y2
Jan
11%
Feb
30c
Jan
40c
Feb
,10
510
Feb
622
.7 525
15%
13
Jan
15%
:>
525 1 Mar
16%
8
Feb
Feb
7%
100
6%
Jan
67%
835
62 V*
Jan
67% Mar
13%
18
215
12%
Feb
13%
100
16%
Jan
18
a55% a57%
215
54%
Jan
54%
634
53%
Jan
60%
Feb
1,100
77 %c
Jan
90c
Jan
675
15 %
Jan
18% 'Jan
1
Feb
♦Feb
-
6%
Jan
1%
Jan
1,050
5%
Jan
864
15%
Jan
8%
7%
Jan
21%
7%
3,060
230
7%
12
Jan
1,700
1,406
68
2IV*
Jan
1,700
17
8
24%
8%
2%
Feb
7%
Jan
T
Jan
62%
Jan
23
-
Feb
Mar
Jan
Feb
2% Mar
7% Mar
17
Mar
8% Mar
7%
68
Feb
Mai-
4% Mar
4%
-
675
3%
7%
7
3.530
5%
Jan
8
Jan
100
1%
Jan
1%
Feb
200
23.%
Jan
25
250
12%
Jan
13%
150
16%
Jan
23
1%
25
13%
--
18
2,518
22%
2
1%
350
2,327
7
6%
22
13%
23
23
Shell
Sierra
Co
Signal
Sinclair
6%
5%%
Oil
*
!
Jan
Jan
Jan
Mar
1
Co
y
Co
class
Oil
Co
*
1
Ltd
C_
_
Company
Feb
60c
Jan
50c
1,100
20%
23%
1,955
197/a
Jan
23% Mar
17V*
18
1,418
17 V*
Feb
18
2,700
1.45
Jan
30c
&
30c
16c
16c
Fix
1st
30c
Feb
33c
8c
Jan
18c
6"%
Jan
Jan
29c
Feb
35c
37c
1,400
30c
Jan
40c
Jan
8%
—
Gold
Mines
Chollar G & S
6%
Jan
34%
Jan
37% Mar
48%
Jan
50% Mar
7%
%
2,035
1,100
35c
Feb
40c
Jan
Jan
13%
Mar
Feb
5%
Jan
8%
a60%
44%
27%
8c
13%
1%
1,396
300
%
Jan
1%
8%
2,960
6%
Jan
9% Jan
a57% a60%
44% 44%
27% 27%
60
6c
62%
16%
200
41%
Jan
44%
100
26%
Jan
27%
Feb
4c
Jan
10c
Feb
3,000
8c
420
54
Jan
Imperial Development Co
Zenda
Gold
1,530
Jan
14%
29%
1,708
26%
Jan
30
Feb
31%
30%
38%
41%
31%
30%
38%
43%
157
30%
Jan
32%
Jan
Jan
14%
—
—
^
30%
—
42%
11%
—%
42
120
-
15%
11
Jan
30%
Jan
31V*
Jan
38%
Feb
39%
Jan
44%
Jan
3,499
39
Jan
42
Feb
210
2,633
6%
Jan
11%
a28% a28%
10,254
10%
Jan
Feb
20
19
20 V*
2,995
pfd——29
29
29
Unlisted
Amer
80
Jan
15% Jan
25
Jan
25c
25c
1.20
—
7% Jan
11%
Jan
29
Feb
25% Mar
21%
29
Feb
Mar
7%
7%
800
6%
Jan
7%
Feb
2%c
3c
2,000
2%c
Jan
3c
Feb
1.20
3'/2c
7c
1.20
4c
7c
1,100
1.00
Jan
1.20
Feb
3,000
1,000
2%c
Jan
5c
Feb
6c
Jan
8c
Feb
Stocks—
Rad & Stand
American
Ltd
7%
—
Jan
38
1,118
7%
11%
17% Mar
1,098
27%
Mining Co
62% Mar
62%
17%
14%
20 %
1
Feb
28%
62%
17%
53
10
Jan
13
1%
9,332
—10c
8%
10%
7%
13%
—
8
39c
-
.
25%
Co
Feb
37%
50%
23
Mining Co
8%
100
810
520
8%
36%
50%
7%
39c
—
Mining Stocks—
Cons
Feb
20c
6%
Co.——10
Jan
Jan
300
41V*
Inc—5
8%
Jan
9,689
25%
Alaska Juneau Gold Mng Co..
Calumet
Mar
8%
29c
7
I—2
1,500
10,500
1.75
7
29c
42
...25
California
Oil
1.55
1.45
1
Corporation—
Transcontinental & West Air,
Showcase
'Feb
49c
*
Calif
...
Consolidated
25
25
25
25
•
B—
Transamerlca
of
_*
30
—15
A——
class
of
1
25
"A"
Sunray Oil Corp
Weber
16%
Jan
37%
„1
—1
Company
Pacific
Universal
Jan
45c
36c
•
common
Gas
Corp
preferred
Oil
14%
—
25
Corp..
preferred
Union
15%
—
•
Calif Edison Co
Standard
Feb
14%
—
Co——
preferred
6%
18c
—
1
common
Corp
Aircraft
Southern
40c
Feb
1.50
-
.
Corp
Corp—
&
Feb
Jan
11c
18
1
Stores Inc
Company
Oil
5%
28c
4,500
870
22%
—_1
Ltd
Elec
Trading
Jan
1,000
18c
—
Union
3%
5
38c
18c
__
1
Aeronautical
Safeway
1,000
5
38c
15%
10
Products
Oil
18%
18c
1
Oil
90c
18 V*
Jan
.
Petroleum
&
60
—
>,
—i
Co
59%
80c
__
10ic
Co
Corn
Co
Clay
59%
„—1
Aircraft
Gas
18
r—
•
10
Corp
—_
Petroleum
Southern
12
7
24 Ve
345
21%
11
4%
«
1020.
10%
3%
4%
1
L10
1,140
41%
21
—
—2%
page
Jan
2.45
525
18%
Investment
Ranch
Solar
3%
41%
7%
1
__
common.
12
7%
...
2%
Feb
67%
_
class B
see
Jan
10%
—1
common.
footnotes
2%
150
...10
__
Bearing
750
16%
3
common
common
Houdaille-Hershey
2%
11%
1
common..
" Jan
3
7%
_10c
Corporation
Security
■
2%
41%
__
6%
_
i.
Range Since January 1
Low
High
2%
5
common
Brewing
&
12
22%
—..5
High
y
11%
2%
20
:
2
599
4%
13%
1
Oceanic Oil Co
Ryan
for Week
—ilO
common
common
common
Valley
1
...
\
2,525
'
2%
67%
Co
Company
Mfg
Northrop
Sales
Range
—210
common
Brewing
Graham-Paige
Nav
Stove
Industries
Finance
General
Grand
12 %c
_
Jan
Feb
Jan
*
...*»
Co
Car
Aircraft
Merchants
Exchange
Week's
1
common
Corp
General
Goebel
_
common
Detroit-Michigan
Detroit
Gar
«
_
High
52%'Feb
35c
__
•
Petroleum
Pacific
of Prices
5
1
__
4%
__10
At...
Co...
Angeles
Nordon
Chicago Stock Exchange
Low
common
Range Since January X
Feb
al07/8 al0%
15%
common
Petroleum
Oil
Lockheed
New York Curb Associate
Sale Price
common.
Jan
50%
•
1
& Co
Development
Menasco
Last
Paper
1%
57/8/'Jan
Feb
Low
al01%al04%
23V* 24%-
__
100
common
Goodyear Tire & Rubber
Friday
Motors
Feb
Jan
Jan
High
2.15.
__
Bk
common
Gladding,
STOCKS—
Continental
9%
1%
5
a67V8 a69%
1
class
Corp
Corp
a—
Detroit Stock
Consolidated
91/4
Sales
a31% a31%
5
Warrants
__
300
a25% a25%
Radio
&
a—
Richfield
i.—/
Feb
a—
Rice
...
4,455
2%.
__4
Co
A
a
DETROIT
common.
Feb
6% Feb
50
12%
Lighting Corp common
Republic Petroleum Co common
McLaren
180
1%
5%
22
23V*.
Pacific
Manufacturing
•
Feb
5%
__
—
Nat'l
Television
a—
Pacific
Biscuit
Jan
23%
2.45
•
:
class
Merchants
&
Fitzsimmons
108
135
Telephone; Randolph 5530
Briggs
6%
44%
Jan
51/2
i
9%
4%
5
Equipment
Ltd
a
Ford Building
Burry
100
Jan
4%
i
Occidental
Brown,
6%
10
37
Jan
•
263
23 % a24%
Exchange
Baldwin Rubber common.
43%
302
a.
Members
—
1,255
17%
2Vz
1
1,291
a22%
York Stock Exchange
common.
100
6%
Jan
70
__
__
>
common
Jan
a22% a23Vs
52%
52 %
;
America
Oil Co
Lincoln
Forge
5%
6% Mar
6% Feb
10% Feb
j
52
Watling, Lerchen & Co.
Drop
7%
Jan
a—
—
Lane-Wells
Electric
5
Jan
61/4
4V*
*
com
Consolidated Steel Corp
Intercoast
Atlas
10%
200
; rFeb
Jan
61/4
700
'
4V*'
*
Co
California Packing Corp
Chrysler Corporation
Jade
Allen
Jan
715
__
♦
Hupp Motor Car Corp
Detroit Stock
5%
3% Mar
3%
100
6%
Feb
3% Mar
600
6%
6%
Low
1
Corp
Broadway Dept Store Inc com
Hudson
New
4%
,
8%
2% -Jan
3,366
:
Jan
5
13% Jan
Jan
7
300.
3%
3%
Shares
2
Oil
•
common
Feb
for Week
1
Co
Corporation
a22% a22%
a
*
:*
common
common
Youngstown
10%
__
al9% a20'/a
.*
com
common—
Steel'
Republic
10%
Jail
3,230
:•
4%''Jan
Feb
3%
12V8
Range
—a2274
_.50 t? 52 Vs
common
*
York Central RR
New
*
common
3%
612
of Prices
Company~..w—...I
preferred
General
Interlake
Feb
200
Last
Douglas Aircraft Co, Inc
a25% a25%' '
10
common
Jan
3%
3,249
Sale Price
v
Par
Bandlnl Petroleum
Byron
10%
a45
14%
Jan
5
8%
Feb
Jan
2%
4
12%
Week's
Friday
Exeter
common
13
2,313
Angeles Slock Exchange
(
Emsco
Glidden
205
3%
1%
Los
Electrical
Addressograph
14%
—
Unlisted—
General Electric common
26%
.-v.1.;
24
15%
*
421/2
Jan
a—
49%
a48%
*
Tube
&
40
42
10
Stores
Sheet
31%'Mar
Feb
5/4
common..
Berkey & Gay Furniture
2%
Jan
a57%
a57
.
Youngstown
Jan
Feb
26J/4
—
17
Feb
2
2%
26%
a
—
15%
•
35
Jan
a—
16
*
Tool
3%
29%
100
9%
;
common
Wayne Screw Products
Barker Bros Corp
23%
26%
a23% a23%
*
Inc
Feb
600
690
Feb
25
Works
3
3
31%
26%
6%
B_
Feb
Jan
•
Van
Weinberger
Mar
7%
'J
Thompson
Vlchek
13%
2,620
*
new
Standard Oil of Ohio
Dorn
3,350
10%
1
Tile
Richman
14%
10%
*
_
Refining
Feb
6
Mar
13 V*
_
Cement
Acme
National
Feb
7%
10%
Feb
10 %
_
_
if
Electric
Medusa
_
16%
Jan
40%
37% Mar
66
13%
if
Sessions..
&
Jan
5%
6%
6V2
,
STOCKS—
Lamson
13 y8
6%
common
Feb
48
25
135
1,525
16
Jan
212
135
Jan
Feb
56%
50
55
37%
•
3%
a—
45
*
Feb
a
——
50
_
Mar
Feb
45
100
_
Steamship'
Machine
&
Laughlin
«
a
55
*
A...
2%
a—
44
.100
Towing—
Walker
Warner
59
Jan
a
a58%
*
Rubber
&
Lakes
Jan
a
57
a56% a57 Vs
*
F)__
Great
7%
Feb
6%
a
a32
25
__
Universal
37
600
6%
...
Distributors—.
4,922
112
2%
4%
.
.
Preferred
59
Feb
3%
com—...
common
U S Radiator
59
59
1%
3%
class B
Investment
1,343
a54% a55
0
_
Feb
Feb
Jan
8%
Specialties
6%
*
Goodrich
Jaeger
Range Since January 1
Standard Tube
United
—5
Navigation.
9%
1 %
4%
Mfg common.
Simplicity Pattern
50
_
Feb
12%
:
Sheller
200
14%
Jan
3%
9%
400
4
common
Shirt
14%
1% Feb
42c
Jan
1%
3 V*
Paper
United
*
:
2%
14
_i
common
120
5
Cleveland
(H W)
Raisin
22%
Bookbinding
V
Jan
Jan
12,383
200
3
common
Union
22
1%
32c
1% Mar
27%; Jan
31%
common
Udylite
91%
1,440
21,700
3%
6%
Tlvoli Brewing common—
22
1%
39c
5% Feb
;
26%
Pr
183
21
Controller
Mtl
7%
87%
Feb
16
common
6%
a
Jan
26%
2%
Co
310
a22%
1%
180
Feb
7% Jan
1%
common
7
22
Mfg
Electric
Jan
1,110
2,135
9%
Rust-Proof
High
common
Corp
3%
19%
'
Car
7
•
Commercial
Jan
1%
3V4
common
Low
1
Cliffs Iron preferred
6%
5%
1%
common—
Motor
Scotten-Dillon
Shares
»
.
Controller
Cleveland
Cliffs
Week's
1
City Ics & Fuel
712
.
27%
35c
Abrasive
River
Sales
for Week
of Prices
50
Refractories
Jan
1%
common
Mid-West
Parke,
t
Sale Price
Par
7
5
common
Sugar
Rickel
Mfg
15%
Feb
Cleveland Stock (Exchange
Brass
High
■
1,285
27%
Parker
Akron
6%
common
Michigan
Peninsular
*
1
Co
Parker
BTOCK8—
—5
Michigan Die Casting commonMichigan Steel Tube_...i_.—.i..
67%
:
Motors
Standard
19%
•
*
Gas
General
18
23%
fx
City lice & Fuel
Columbia
19%
Kingston Products
McClanahan Oil
f
1
/'Vy
Rolling Mill
Low
18%
Jan
44
~
Range since January 1
High
18
18%
Kinsel Drug Common
110
4
16
common
Shares
26% Mar
Feb
55%
4
—10
—
Jan
Hurd *Lock & Mfg common
for Week
Low
common
26
_
Playing Card
61
26
20
Jan
Car
54%
_
__
*
_
S.
S
26 Vt
_
....
61
ft
Class B
Rapid
U.
_
59%
59%
56%
661
Motor
V. '
■
Sales
Range
of Prices
Sale Price
High
•
Week's
Friday
[
Range Since January 1
_
Par
'
U/'X;..;-:
RANGE FOR WEEK ENDING MARCH 2
t
Smelt &
San
Corp
•
Refin
Co
•
al4% al4%
145
12
Jan
14% Feb
47%
185
42%
Jan
47%
47%
Feb
'
THE COMMERCIAL &
1016
Monday, March 5, 1945
FINANCIAL CHRONICLE
OTHER STOCK EXCHANGES
FOR
RANGE
Range
Copper Mining Co
Anaconda
&
Armour
A T & 8
(111)—
Co
F Ry
Atlantic
Aviation
Co
—
Corporation
Low
Oil
Barnsdall
Corp..
;
Co
24'A
Commonwealth
Commonwealth
&
Co
Edison
Southern
Aircraft
Vultee
Cons
Corp
Continental Motors Corp
Zellerbach
Crown
(Del;
Co
Oil
Continental
Corp
Class
A
Electric Bond & Share Co
Light Corp
Electric Power &
Interlake
Corp-
Iron
:
12 k
—
■
a6%
a20%
83%
Feb
35%
Feb
1st
5%
Jan
6%
Feb
2nd
30%
Feb
24%
—
7%
—
—
34
Scott Paper common
Sun Oil
72%
Feb
34%
Jan
Transit Invest Corp common
Preferred
Feb
40%
Feb
United
13%
960
10%
Jan
13%
Feb
United Gas Improvement
Feb
Westmoreland
4%
Jan
207
60
Jan
16%
5
2,600
5%
17
~~n
Feb
~~1S
Jan
22%
Jan
200
34
Feb
34
_
22%
Feb
22%
*
North
805
5%
Jan
6%
19%
Jan
20%
'
500
9%
Jan
Oil
Packard
10
Co
4%
Jan
Pictures,
Paramount
38%
878
_
41 %
280
'
43
Jan
Feb
41%
1,502
5%
Jan
290
50%
Jan
140
'/
Pullman
Inc
9%
8
51%
Oil
Pure
Jan
10%
Corp of America
Republic
Steel
Jan
24%
39%
L)
Pitt
Fort
Feb
Seaboard
Oil
of
Co
22%
9%
_
Fuel
National
Jan
20%
Feb
5%
Jan
7%
89
29%
Feb
Jan
37
26%
Jan
28 %
37
693
28%
355
51%
51%
541
48%
Jan
51%
19%
250
17%
Jan
19%
Ruud
Feb
19%
Mar
/
Mar
&
Jan
United
a27% a27%
Jan
106%
>
al01%
17
Union
Carbide
Union
Pacific
&
Inc
(Del)__
Company:..—
United States Steel Corp
Co
A
425
35%
Jan
38
60
257
57%
Jan
60
180
11%
Jan
13%
Jan
34%
Feb
1
—
—
93
24%
565
18%
Jan
—
"14%
—
__
33%
200
33%
Feb
34
__
241
common
Friday
49%
Jan
55
10%
——
1%
8%
1
Jan
60
35
1
Bankers
Barber
T-i H t-
51
Jan
(E
Budd
Wheel
G)
33%
Feb
35
Co
-
—
Curtis
Pub
Prior
Co
Delaware
Power &
Motors
Gimbel
Feb
32%
*
200
1%
Jan
1%
TLe!?,lB!} ?r°f} & Navigation
80
61%
64%
968
59%
Jan
64%
14%
300
13%
Jan
15%
$1
preference
47
47
220
Jan
47
common
123
244
Feb
123
44%
.
123
17%
Jan
a43% a43%
215
41
Jan
41
5%
Bank
20%
Inv
Bldg
Burkhart
Low
1,387
17%
162% 163%
Acme
Gas
&
2,256
157%
Jail
23%
For footnotes
Feb
6
Feb
10%
10%
1.855
CO
Feb
1%
1%
1,222
1%
Jan
18%
18 %
10
6%
Jan
common
2
Jan
Feb
15%
Jan
1%
300
1%
Jan
1% Mar
8%
9
470
6%
Jan
9%
Feb
7%
7%
100
4%
Jan
7%
Feb
2
90c
18%
Feb
Jan
1%
16%
Feb
16%
Jan
7c
Jan
50
9%
Jan
12
Feb
100
1%
Jan
2
Mar
400
34%
35%
31%
34
234
241
Jkn
29
931
30%
123% 125%
Jan
Jan
.
164%
Jan
Griesedieck-Western
16%
Jan"
20%
Feb
25 y8
Jan
30% Mar
70
54
57%
Jan
70
Feb
39%
97
33%
Jan
38%
Feb
10%
Jan
12%
Feb
10%
Jan
35
Feb
1871
Exchange
Sales
Shares
Low'
8%
__
4%
8%
9%
7%
4%
120
4V2
75
10
4
Jan
45
49
32
32
9%
9
Feb
8%
40
Feb
Feb
4% Mar
Jan
49
Feb
15
30
Jan
34
Jan
70
8
Feb
Jan
25
Jan
15% Feb
38
25
25
20
24
15
25
Jan
48 %
48
High
Low
130
48
49
32
Range Since January 1
High
15
25
13 %
38
9%
Feb
Feb
Mar
38%
135
36
Jan
13 %
13%
100
10%
Jan
13%
5
20
20
30
14%
Jan
20
377
1%
Feb
2%
23
Jan
27%
12%
613
14%
705
■.
Feb
39%
Feb
41%
Jan
413
*
com
38
100
common
Preferred
2
International Shoe
26%
256
•
common
26
40%
40%
407/8
64
11
11
11
19
11
19%
65
180
20%
20%
31
34
92%
Jan
104%
Feb
10%
Key
10%
65
9%
Jan
11%
Jan
60%
Laclede-Christy Clay
10
59%
Jan
,62% Feb
Laclede
21%
1,964
16
Jan
21% Mar
Midwest
Piping & Supply
com
——-*
44%
Jan
51
Feb
Missouri
Portland
com
25
National
66%
68%
24V
Meyer
45*
170
.
2,528
50
120
62
Jan
68%
Feb
21%
Jan
24%
Jan
common
Steel
,
Blanke
com
*
5
20
5
Candy
Jan
Rice-Stix Dry
Cement
Feb
St
1,896
12 Va
Jan
6%
Jan
10% Mar
7% Jan
9% Feb
Stix,
7%
Wagner Electric
15%
St
Louis
Car
Louis Pub
Service
Sterling Aluminum
3"%
9
71/3
77/.
10,247
5j/4
Jan
Feb
37%
35%
37%
7,384
32%
Jan
38%
37%
38%
457
37%
Feb
39% Feb
.41
Jan
•
25%
24%
25%
8,194
21
Jan
26%
27%
1,083
24%
Jan
27%
Baer &
St
L
Pub
1
com
Range
Low
*
_1
15
11
Feb
Jan
11%
Feb
Jan
19%
10
185
20
Jan
20%
27%
Jan
34
Mar
Jan
21
Feb
Feb
Feb
20%
20%
120
50
51
210
42y2
Jan
51..
21 %
20
21%
825
19
Jan
21%
95
:
95
95
14
10
152
73
Jan
95
Mar
11%
Jan
14
Mar
14
13%
10
16 %
39
40
300
602
87
39%
13%
15%
13%
87
$400
13 %
25-year
conv
inc._1964
LISTED
Week's
Range Since January 1
High
Aldermac
Algoma
16%
Feb
Jan:
40
Feb
80%
Feb
87
Feb
for Week
of Prices
Shares
Steel
1.600
2%
Feb
3%
Jan
Aluminium
49%
51
2,950
46%
Jan
51%
Jan
Aluminum
155
155
90
8c
8%C
5,500
7%c
Jan
1.50
1.50
700
1.50
Jan
Jan
Anglo
10c
Feb
Aquarius
1.68
Jan
Area
__1
•
common
Preferred
3%
100
Ltd
Co.
Canadian
Canada
Low
High
16 %c 16 %c
1,000
12c
Feb
17c
Feb
17c
47,750
14c
Feb
20c
Jan
16%
275
14%
Jan
185/a
Jan
98
99
15c
5%
30
104% 106%
550
pfd._100
102 102%
350
97
Feb
99
Jan
Jan
107%
100%
Jan
102 %
Feb
95
Feb
•
Oil
Porcupine
Range Since January I
High
•
common
of
Low
15%
Copper
3%
159
Jan
Sales
Range
Sale Price
Alberta Pacific Consolidated—
Feb
13% Mar
13
35
MARKETS
Last
140
Jan
ENDING MARCH 2
Friday
Low
11% Jan
Mar
.
STOCKS—
for Week
High
Feb
Feb
Sales
Shares
8
9%
17%
90
17%
10
common
common
"
Serv
"A"
common—.;
Fuller
Bonds—
25% Mar
26%
of Prices
Feb
Jan
—
*
common.^
Goods common——*
pfd
100
1,175
Week's
19
*
common
14%
410
Prod
common
Feb
Feb
4
2
26%
60%
Co
1%
100
Gold
Gold Mines Ltd
/
Feb
31%
125% Mar
14% Feb
12
Brew
Hydraulic Pressed Brick
10%
.7%
Jan
*
Hussmann-Ligonier
common
Huttig S & D common
43/
__
116%
for Week
5
57
50
•••?
Feb
5C
1.100
25,000
of Prices
1
common
522
100% 103
^
10% Mar
1%
Range
10
ig3/8
9%
1
1020.
Feb
12%
60
Week's
1
Co
30%
13%
•
page
98
Jan.
11%
0
common
19%
100
see
Feb
10%
50
656
'
Feb
joo
Oil
.93
6
Phone
3
.
common
Mfg
Coca-Cola Bottling
Columbia Brewing
High
com
28%
Par
AJax Oil & Gas
Feb
7c
31
50
Electric
Century
Range Since January 1
23%
Sale Price
preferred
21%
1%
1
common
Equipmt
Shoe
Brown
1
High
Last
7%
Jan
Sale Price
preferred
14%
8TOCK8—
common—
18%
Friday
Par
Paper
300
Last
24%
67%
,
Friday
&
21%
St. Louis Stock
Canadian Funds
Power
Feb
21%
16%
125
Jan
Toronto Stock Exchange
preferred
6%
CEntral 7600
18% Feb
RANGE FOR WEEK
6%
Jan
Bell Teletype SL 593
Feb
125
CANADIAN
Abitibi
5%
Jan
123
•
common
Feb
225
Feb
10
Mfg
Feb
6%
Feb
14%
50
Salt
5%
21
6%
Chicago Stock Exch.
Chicago Board of Trade
New York Curb Exchange Associate
10%
...j
Philadelphia Electric Co
Jan
St. Louis Stock Exchange
_50
—J.,'" ,„,V
Light".
Jan
18%
New York Stock Exchange
...»
Pennroad Corp
Pennsylvania RR
Feb
4%
279
Members
Feb
437^
1'
Lehigh Valley RR___
Pennsylvania
__
10
.
9%
395
North 4th St., St. Loui* 2, Missouri
igs/8
10%
•
Co
Jan
300
5
21
9%
Established
Jan
1%
13%
101
13%
Brothers
Aircraft Engine
National Power &
12%
_•
•
Light—
10
10
5
6c
35%
•
39
__
30%
•
——
Storage Battery
General
Jacobs
163%
5
common
preferred
Electric
22%
»
„
Feb
Edward D. Jones & Co.
Sales
10
—
20
2
50
69%
,
Chrysler Corp
Jan
11%
»
Brake
Air
Feb
31%
Shares
13
common
16%
St. Louis Listed and Unlisted Securities
for Week
5c
Mfg Co
60
117% Jan
240
366
Range
Securities
Budd
Feb
19%
1%
1
Steel
Alloys
300
35
low
100
Corp pfd
Asphalt Corp_„
15%
16%
—
1
common
1
a30% a32
Week's
•
t c
Jan
1%
1
19% Mar
535
of Prices
Par
v
13
16%
S
Glass
Feb
17%
19%
Last
Works
Feb
708
93
—
Springs
172
Sale Price
Tel
33%
15%
12%
'
■
8TOCK8—
&
Jan
14%
Feb
55
al7% al8%
___10
common
28%
24% Mar
Philadelphia Stock Exchange
Tel
High
346
6
«
Westinghouse Elec & Mfg
American
Autocar Co
Low
33%
12
Par
Baldwin Locomotive
Range Since January 1
High
93
STOCKS—
American
Sales
Shares
Feb
a57% a59%
1
American Stores
Week's
of Prices
21
1
.—
States
Feb
1%
*
''
30%
'
*
___
_
Steel
Feb
13%
al24%al25%
__
a31%
50
(F W)
'
'■
al25%
♦
class
409
Feb
38
a85% a86%
5
Westinghouse Elec & Mfg Co
Willys-Overland Motors Inc
Woolworth Company
31%
19%
10
Warner Bros Pictures Inc..
Tel
Jan
*
Rubber
Western Union
29%
33%
19%
5
Corporation
34%
Feb
178
55
10
United
Feb
32%
Feb
38%
a39% a40
__
__
*
Corp
17
Jan
24%
Railroad Company—100
Aircraft
Jan
34%
13%
_«
10
Corp
13%
150
60
__
*
Carbon
101%
441
38
__
25
-
49
17
a31% a32%
a32%
25
United Air Lines
S
16%
a37% a38%
1
United
U
al01%al03%
,
__
*
Tide Water Assoc Oil
Mar
16%
Jan
—
25
-
43%
Jan
10
(N
Sulphur Co
Jan
13%
—
Mining.
Woetintrhouse
Feb
25
Co
38%
2,359
Jan
*
5
Steel Foundry
Standard
12% Feb
22%
(Ind)
Company
Gulf
640
16%
Low
__
Forgings
Oil & Gas
Mfg
San Toy
Feb
Jan
Oil
Texas
43%
15%
1
_
Co
Renner
29% Feb
33%
36%
28%
10%
Standard
Texas
Feb
41%
%
13
Feb
19%
*,
Swift
1%
—
—10
Pittsburgh
18%
912
Inc
Corp
2% Jan
Jan
—
Pittsburgh Screw & Bolt Corp
2,641
Brands,
Studebaker
Jan
1%
16
Corp__
Feb
Jan
12%
Standard
Inc
1
1%
2,049
♦
Supply
Fireproofing
22%
19%
—
•
Webster
Jan
1,493
1%
10
_
Pittsburgh
Pittsburgh
—
•
&
U
2%
5
______
Jan
22%
Co
Stone
u
43%
*
preferred
11% Mar
1,240
a29% a30%"~
1% Mar
•
Gas
26%
2,100
7
Jan
1%
—5
_
...
Jan
—
_•
J)
Feb
1
19%
common.
Feb
11%
Railway
Standard Oil Co
59%
«
Electric
&
55"
22%
Southern
Co
Jan
_
Candy
Jan
22
309
20%
..
Jan
37
15
<se
57%
201
15%
Glass
Star
Mountain
~48%
12
Co
Roebuck
iyo
1%
9
Walker Refractories
Jeannette
Lone
„
Bocony-Vacuum Oil Co
Bears,
59%
32%
Brewing
Harbison
9% Mar
•
Del
58%
*
Feb
*
Corp
Jan
_
common.
Gas
Vanadium
Radio
44%
Par
Steel
Duquesne Brewing
Feb
18%
(D
Columbia
Feb
150
(AM)
Clark
Jan
34
1,010
6%
•
Co
Feb
'
Co
Byers
Jan
Jan
2,335
19%
*
_
42%
Sale Price
v-
Ludlum
Blaw-Knox
Feb
30
11%
22%
__
137
Last
Feb
460
34
54 %
6%
50
25
43%
2%
20
_______
■
25
19%
1
Inc—
Pennsylvania Railroad Co
Phelps Dodge Corp
Mar
42%
Friday
60
•
Co
Car
Jan
40%
1%
8TOCK8—
Allegheny
884
«.•
Co
Motor
45%
Jan
__
—13 %
5% Mar
10%
—
Feb
36%
Pittsburgh Stock Exchange
12% Mar
100
54%
11%
43%
«
*
Coal
Jan
24%
—
1
Inc.
19%
155
645
1%
Jan
170
a27% a27%
—
•
Aviation,
American
Ohio
RR
Central
1,314
44%
40%
25
preferred
McKinney Mfg
American
25% Mar
22%
43%
58%
Feb
Jan
York
Jan
Jan
43%
25
__
common
Feb
465
1
a6%
Corp
12% Mar
7%
New
25%
31%
Feb
9
80
Montgomery Ward & Co, Inc
36% Mar
Feb
18
1,135
North
Jan
r-—zmmaa
866
a79% a80%
—
33%
Feb
1,425
a80%
18
160
\
18
34
_
$3
*
Robbins Inc
36%
1
Jan
Loew's
&
High
,/;
Jan
39
•
Mining
Jan
Libby. McNeill & Llbby
McKesson
/
*
30%
25
*
68%
Jan
Inc
■
386
35%
♦
50
40%
41% 43
41% 41%
7%
7%
a49V2 a51%
10% 10%
—
Low
31%
43%
__
34%
37%
Copper Corp
_
160
a6%
5%
50
——.
_
135
280
Kennecott
.
290
24% 24%
a38% a39%
8%
9%
Tel Corp
&
common
preferred
a35is
24%
a38%
9%
Tel
Co
preferred
Tonopah
*
•
7
Int'l
36%
Range Since January 1
High
31%
31%
Feb
168
a20% a21 %
12% 12%
5%
5%
—
—*
Int'l Nickel Co of Canada
Jan
35%
jS
is
21% 22%
11% 12 /4
a35 /e ®35/«
22/a 22/a
13
Low
pfd
Corp
Heading
77%
10
a29 U a29 /2
--
*
1
*
*
Corp.—
Foods
General
Graham-Paige Motors Corp
Great Northern Ry Co pfd
Philco
416
Jan
5
—
*
General Electric Co
Shares
Jan
Feb
Elec Pow 8%
3,269
J% al8
1
5
*
-
8%
Jan
13%
—1
Curtiss-Wright Corp
Jan
17%
—
—
6%
Mar
26%
—
—
880
34 %
Jan
155
—
*
29%
1,275
a35
—
-*
25
Corp——*
1
1
5
5
Corp
Solvents
Commercial
870
Phila
a40% a40%
'
—
25
869
Feb
161
Feb
24 /a
23
,
—
5
Railway Co
Columbia Gas & Electric Corp
for Week
of Prices
Par
High
Low
161
a52.8 a54 ,a
j[?/8
a35%
Pacific
Sales
Range
Sale Price
STOCKS—
I
a29%a30V4
a30%
Borg-Warner Corp
Canadian
63/4
5
:
Aviation
Bendix
Borden
—
5
*
—15
Co
Bethlehem Steel Corp
.'
34
7%
a843/s
?
Range Since January
High
al62%al63%
33% 34%
7%
8%
a81% a85
a35% a35%
6%
6/s
__
13
Works vtc
Baldwin Locomotive
Week's
Last
Shares
-100
25
3
Co
Refining
2
for Week
of Price*
Par
100
50
5
MARCH
Friday
Last
American Tel & Tel Co
ENDING
Sales
Week's
Friday
Sale Price
STOCKS
WEEK
92c
97c
9,155
73c
Jan
99c
Feb
1
80c
80c
500
-75c
Jan
86c
Jan
1
22c
w25c
9,200
16 %c
Jan
25c
Feb
/
.Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
RANGE
Last
Range
of Prices
Shares
Low
Arjon
Gold
V-
for Week
Sale Price
STOCKS—
13c
Mines.
ENDING
*
%
MARCH
Week's
Sales
Last
Range
for Week
Sale Price
of Prices
Shares
Low
14c
Friday
' ■ 7:.
•
STOCKS—
Range Since January 1
High
11'Ac
WEEK
FOR
Sales
Week's
Friday
MARKETS
LISTED
CANADIAN
1017
10c ; Jan
20,500
Low
High
16c
Jan
Eldona
18c
20c
5,800
25
25
100
5.50
5.25
5.60
4,990
1
38%
38%
38%
340
*
4%
3%
4%
1,350
70
30c
28c
Jan
35c
9'Ac
4,200
6c
Jan
10c
Feb
21c
78,985
16c
Jan
23c
Feb
Fanny
43c
36c
Feb
46c
Jan
70
70
205
1
8'Ac
8'Ac
8 %c
19,100
4%
3%
4%
499
20
20
5
26%
26%
27
26%
26%
26%
21%
Federal Grain common
74c
Jan
86c
Feb
Jan
4.25
Jan
77c
Aumaque Gold Mines..
Geld Mines
Aunor
84c
101,700
45,800
4.00
Ltd
4.05
4,700
3.60
Preferred
Federal
Shops
_
Kirkland
Mining
•
Feb
Fleury-Bissell preferred
10'Ac
Jan
17c
Feb
Ford
1,090
17.
Feb
17%
Jan
28%
1,140
28
Feb
30
Jan
Foundation
27%
505
2 7'A
Feb
30'A
Jan
Francueur
15c 15'Ac
4,750
12'Ac
14'Ac 15'Ac
31,200
17'A
17'A
28
28
27'A
14'Ac
__
Aircraft
17c
13c
4,850
27%
Bankfield Consolidated Mines——
Candy
Farmer
Jan
16c
16c
Mines
•
Falconbridge Nickel Mines
Fleet
Bagamac
16c
High
23c
Jan
28
Jan
\ Jan
23
Jan
Jan
38c
Quebec Mines..
Aubelle Mines
1,500
17c
Ashley Gold
Astoria
31e
8'Ac
Gold
Low
18c
Gold
English Electric class A.
Armistice
Range Since January 1
High
of
Co
Canada
—
_
class
100
•Vv:'
•
A
.■.■/
4.30
37
Jan
5.65
Feb
Jan
3'A
39'A
Feb
Jan
4'A
Jan
65
Feb
75
Jan
5'Ac
Jan
10c
Jan
3%
Jan
4%
20
Feb
20'A
Feb
890
24%
Jan
27
Feb
75
25%
Feb
/A. 27
Feb
21
Jan
21% Feb
59c
Jan...
77c
>
Feb
■
Bank
of Montreal
Bank
of Nova
Bank
of
...
Mining
15c
—————
Power
class
Exploration
Brothers
Beatty
Bell Telephone of Canada
Gold
Belleterre
River
Berens
1
Ribbon
Boo jo
Feb
Gatineau
1.86
53,785
1.75
26,887
1.58
Jan
31
31
25
29%
Feb
23
22%
161 %
163
252
9.90
10
750
Mines
1.20
1.30
10
,
1
,
1.20
19%
20
9.50
90c
43c
Feb
24
Jan
General
165
Jan
Giant Yellowknife Gold Mines
1.30
Jan
Feb
Feb
Gold
18
Feb
Jan
2,545
14'A
Jan
8'A
8%
85
8%
Jan
25%
16,147
25
1,315
Columbia
Power class A
Broulan
Oil
Buffalo
Burns
Gold
Extension
Jan
26%
Feb
Graham
23
23%
524
21
Jan
23 %
Feb
2%
2%
100
Feb
2%
53c
52,100
-48c
Feb
69c
Jan
49'Ac
75c
75c
76c
2%
17,900
700
73'Ac Jan
75c
Jan
15c
24c
828,050
9c
Jan
24c
Mar
5'Ac
5'Ac
8c
80,300
3%c
Jan
8c
Feb
59C
58c
72c
427,480
27c
Jan
72c
Feb
25c
27c
26,700
21'Ac
Jan
28c
Jan
? 7%C
10c
61,950
Jan
10c
12'Ac 16 %c
9.25
Jan
4c
Feb
135,200
9c
Jan
16 %c
Feb
90c
94c
14,400
83c
Jan
1.05
Jan
4'Ac
4%c
6c
31,500
3c
Jan
7c
Jan
93
92%
93
91'A
Jan
94%
Jan
56
56
56
30
55
J an
56
Jan
8c
8c
1,600
4'Ac
Jan
9C
15c
Lakes Paper v t c
Vtc preferred
16c
5,500
11c
Jan
17c
common.
Jan
6.50
Greening
38c
Feb
5.20
26c
38c
494,800
8'Ac
20
21
530
18'A
Jan
21
5%c
4'Ac
6c
13,600
3'Ac
Jan
11%
11%
12
220
10%
Jan
v
Wire
Gold
..
10
13
50
Mar
Gypsum Lime & Alabastine
Mines
27%
:£!
6'A
Jan
30
Jan
27% Jan
29%
13
13
Mar
Feb
Feb
Jan
Feb
Feb
Mar
15c
1,000
lie
Jan
33c
Gunnar
12
150
29%
13
5'A
•
31c
35c
26,600
22'Ac
Jan
36c
Feb
10%
10%
10%
845
8%
Jan
11'A
Feb
5c
Jan
9c
Feb
3c
Jan
'•■'■
Mar
6c
30
29%
13
Grull Wihksne Gold Mines
5.90
29%
29%
Jan
5.90
2014
50
5%
29%
Preferred
120
5%
5%
common.
Feb
Ltd
'
„
15c
16'Ac
Jan
Jan
Halcrow
50
17%
Jan
24
Feb
13
120
11%
Jan
13
Feb
Hallnor
1.97
2.08
8,050
1.70
Jan
Feb
Hamilton
2.15
Gold
8'Ac
9c
5,500
3%c
4%C
22,100
mi'mm
3.60
3.75
1,400
8%c
4%c
Swayze Mines.,
21
13
Edmonton Corp Ltd
di
Caigary
Feb
....
Great
21
2nd
11%
48c
16%
90c
Jan
30%c
A
Mills
Jan
Jan
1,700
Bousquet
pfd-
Linen
17
15%
Feb
3,630
13'Ac
78c
6.00
.
Preferred
Halliwell
Caldwell
Feb
315
11'A
Feb
50c
*
Feb
Grandoro Mines
23%
•
class
Bros
Feb
Feb.
25
•
Mnies
Steel
Burlington
26
25
127
*
Products
Bunker Hill
Feb
Jan
26%
«
Canadian
Building
22 %
23%
26
1
Porcupine Mines, Ltd
Mar
105
51c
—.
Mining Co
Goodyear Tire & Rubber
25 '/8
•
Buffalo Ankerite Gold Mines
100
Jan
'A
19'Ac
Mining
24'A
•
—
Dominion
British
8%
Gate
25
•
Jan
103
9.70
Mines
25%
•
com
•
B
Eagle
26'A
Light & Pwr
British
Class
God's Lake Mines Ltd,
Golden
\
Oil
Jan
97
10
50c
Goodfish
18
Packers—
10'A
80
9.35
Golden Manitou Mines
17
American
360
100
16'A
Goldale Mine
28c
17%
Columbia
11%
99
25c
27c
12c
87,372
Brazilian Traction
11%
Feb
9%C
Jan
15'Ac Jan
479,715
British
Feb
9.35
Gillies Lake-Porcupine Gold
Glenora Gold
Jan
27c
British
Feb
9.25
Jan
28c
*
40%
Jan
51c
Jan
18c
common—
Jan
7.65
16%
common
9
23'Ac
Cordage
Wares
I
22
21'Ac
Brantford
36%
6,800
10
48c
Mines,- 'Ltd————————*
Bralorne
Steel
Rights
100
8.70
100
10
preferred
Feb
7% Jan
24% C
Mines
Feb
preferred
Jan
85
1
Gold
Jan
40
8.35
11%
5'A7«
1
Ltd
Mines
Bonetal
40
8.50
common
5%
Jan
19%
73,500
8%
Power
Jan
10%
38,500
1
•
33
Feb
25
75c
_
Exploration
40c
45
40c
8%
Jan
21%
68c
104'A 104%
<*
21%
70c
•
Jan
161
6,380
'
8'A
"
common
1.80
10
40'Ac
5
Bidgood Kirkland G old———I
Blue
2.35
2.30
1.66
162%
100
Mining
Sons
&
Bertram
Frobisher
•
'
-
...
Mines
Fraser Co.A
2.15
Class B
.
Feb
Feb
31
A
Co.
Gold
17c
1.70
Class
,
.
17%
70
2.12
Radium.
&
Beattie Gold Mines Ltd
*
Class B
Feb
17
A
;;
Jan
14
17
23
Bathurst
Bear
Scotia—..—
Toronto
Metals
Base
17%
—
Mines...
Mines
7
6%
7
7%
7%
8
88c
80c
Bridge Co—
.
3.10
4'Ac Feb
Jan
3.85
Feb
550
6'A
Feb
7%
Jan
1,121
6%
Jan
8.
Feb
90c
Feb
•
Calmont Oils
Bird
Camp
28c
30c
11,250
21c
Jan
30c
Feb
4c
Mines
4%c
7,900
3c
Feb
7c
Feb
Harding Carpets
Hard
Rock
Harker
Bread
Canada
Co
Cement
Canada
Malting
Northern
Canada
class
—
A_
_
118
Feb
125
20
Jan
22
Feb
—
51
51%
290
50
Jan
52
9%
225
Jan
10
9%
7%
Jan
Heath
Mascot
Wire &
Cable
890
34
Jan
820
13'A
Jan
15
Jan
Home
175
61
158%
Jan
175
Feb
Homer
13%
13
13%
196
11%
Jan
14
Feb
Homestead
344
39%
Jan
46%
Feb
Hosco
71
Jan
73%
Feb
Howey
*
A_
45%
44%
33
60
70%
72%
73
5%
5%
50
14%
14%
15
2,110
11
10
11%
% 13,305
45%
45
46
750
16
16%
25%
25
25%
18%
19
11%
11%
12
29
29
29
29%
Jan
Bank
Canadian
Breweries
1st
Commerce
10
_
0
common
_
Canners
20
preferred
preferred
Car
Old
0
0
common-
preferred
New
■
_
_
Foundry
&
9
common
Convertible
Canadian
__
«
Preferred
Canadian
0
common
Canadian
25
preferred
—
_
29
.25
5%
8
#i
Jan
6
Celanese
Canadian
common
*
Products
Canadian
Food
Canadian
Industrial
15
Jan
Jan
*
Canadian
Malartic
Canadian
Oils
Preferred
Canadian
1
common....
17'A
*
Locomotive
Canadian
1.17
*
Gold
Gold
14'A
!
Corp
Wirebound
Canadian
*
Gold
Patricia
11% Mar
Jan
13%
Jan
14% Mar
12 »A
Jan
13'A
Feb
85c
91c
10,525
71c
Jan
95c
Jan
International
A
23%
International Nickel Co common
35%
37%
6,698
22% Jan
31'A Jan
22%
23%
7,135
21%
446
16
Feb
17
Jan
295
24%
Jan
805
17%
Feb
■19
Mar
940
11
Jan
13
Jan
100
28'A
Jan
29%
Jan
905
28'A
Jan
30
Jan
Jack
25% Mar
Metals
Waite
common
Petroleum.......—.....
International
45%
Jan
48
Feb
21
Jan
23%
Feb
Jason
49%
58
35
7'A
3,100
6%
Jan
7%
17'A
17'A
85
16%
Jan
17%
1.12
1.19
100,330
70C
Jan
20
65
19
Jan
116
46
;15
17,476
115
Jan
58
1.35
20
Jan
11%
116
Jan
15%
Mar
Jan
J
M
Mines
Plow
Cockshutt
Gold
m
Co
__
—
Commonwealth Petroleum
National
Conduits
-
__
Kelvinator
Feb
Keri-rtddison
Feb
Kirkland
Hudson
Feb
Kirkland
Coniagas Gold Mining
Caniaurum Mines—.A.
Mining
35
15%
Jan
1L-
Consol
Bakeries
Feb
Hf%
Feb
Labrador
20'A
Jan
23%
Feb
Lake
Shore
2.10
2.05
1.80
1,100
17c
16c
5
115
115
12 %c
39,310
25c
26c
2.25
105
2,025
2.05
27,005
Jan
25c
1.56
Jan
Jan
17c
Feb
115
Feb
19
1.48
Mines—
7.15
7.75
16%
16%
25
11c 14 %c
102,300
Lebel
Feb
3.35
3.60
28,450
2.94
Jan
3.70
Jan
13%
13%
1,085
1.65
1.60
13%
K"
1
Delnite Mines
Gold
0
Dome
Seagrams
Mines
Dominion Coal
15%
58
59'A
138
1.34
1.60
55,950
Dominion
Dairies
Dominion
Foundries & Steel com—
common
_
class
Steel
Dominion
B
Stores
Donalda
Mines
Toct
East
Fast
Crest
Sullivan
Eastern Steel
Easy
Mines—
•
-—-—-
For
see
page
1020.
26'A
Feb
28
Jan
339
25%
Feb
27
Feb
64,450
89c
Jan
1.80
Feb
4.15
1
Ltd
Mines,
4.25
5,550
3.85 Jan
4.40
Jan
2.63
2.80
38,160
2.25
Jan
2.85
Jan
2.50
2.65
12,960
2.17
Jan
2.76
Feb
3.60
3.75
8,850
3.25
Jan
3.80
Feb
*
3'Ac
4'Ac
140,600
2c
Jan
4'Ac
Feb
10
10%
11
95
10%
Feb
11
Feb
•
*
14%
16
617
12
Jan
16'A
Feb
19
19%
350-
17%
Jan
1
*
9 %c
10c
8c
Jan
9'A
9%
2,737
8%
Jan
9%
Jan
20
23
23%
2,331
21'A
Jan
24'A
Jan
10%
11%
1,800
8%
Jan
105 »A
1.45
1.80 Mar
Jan
1.74
Jan
Red
Gold
Malartic
Gold
Mines
Fields
Manitoba & Eastern Mines
15
Jan
16
Jan
49
Jan
59'A
Feb
Jan
149%
Feb
147 'A
-
...
1.21
Jan
1.60 Mar
Leaf
Gardens preferred
Maple
Leaf
Milling Co
common
Preferred
Maralgo Mines
Massey-warris
common
Preferred
91
Feb
94
Feb
23
Jan
26
75c
1,550
60c
Feb
75c
Feb
McColl
15c
9,670
15 %c
Jan
McDougall Segur Exploration....
1.68
Feb
Mclntyre Porcupine Mines
5c
Jan
McKenzie
49'A
Feb
McLellan
<
11,000
20
Feb
12 %c Jan
Mar
1.65
4c
14'Ac
12'Ac Jan
1.67
7,950
4c
4'Ac
4,000
3%c Jan
47%
48%
1,715
42%
1.50
1.15
Jan
Feb
85
>
85
-T/r
124
124
11
11
11
•
26%
26'A
26%
1,117
15%
16
600
101
101
100
7%
8
1,075
'
:
16
7%
15'A
15 'A
15%
Red
15%
5%
2,640
Feb
McMarmac
Jan
Mercury
Mills
67 lA
12,750
1.44
Jan
1.65 Jan
5c
2,000
4'Ac
Jan
6'Ac Jan
Gold
20,340
16c
Jan
34c
25c
27c
35,212
22%c
Jan
31c
Feb
13%
14
225
12%
Jan
14
Feb
18c 19'Ac
41,600
Jan
24c
Jan
—
Mines
'
—
Jan
Feb
26%
Jan
Mining Corp
Feb
1 a
Jan
Model Oils
Feb
Modern Container Corp common
Jan
Monarch
14%
100
7%
Jan
Jan
101'A
8%
—
Oil
&
Jan
16'A Feb
13
Jan
15%
Feb
Moneta
Jan
8%
Feb
Montreal
1.31
Feb
Moore
25c
24 %c
26c
24,200
22c
Jan
13c
12 %c
13'Ac
42,700
11c
Jan
2.95
2.90
2.98
21,530
50c
58c
19,900
2.26
46c
Jan
Jan
28%c Jan
15c
Jan
3.00
Feb
63c
Feb
Grocers
Sewer
Co
Power
common,.
Pipe Co
14%
Jan
15%
Feb
National Steel Car
13
Feb
14%
Jan
Negus
Mines
10
9
100
125
Vr.''""-
'
97 106'A*
class A.
83c
91c
106,050
21%
21%
2,335
57%
58
868
28'Ac
Preferred
National
20
9
58
&
common
Mosher Long Lac—
National
2,000
21%
—
Heat
57,820
22c
20
...——...—10
Light
Corp
3.30
21C
—100
common
Porcupine
Jan
7%
2.95
21c
Preferred
14
18'Ac
Gas
3.20
Knitting
Jan
28c
Jan
98c
50
Jan
1.50
Lake
Gbld
Feb
59 »A
5e
11%
995
100
1.45
Feb
9%C Feb
25'Ac
12%
3,900
;>
610
107
Jan
5c
Feb
8%
•;
66
Feb
8c
1.48
Jan
1.20
13
64%
.1
25 %c
10'A
8
15%
10
4,000
65%
12
1.15
15
107
9'Ac
12
Mines
Lake
^ftfcd
McWatters
8'A
13
107
8%c
Gold Mines
19'A
1.20
50c
107
8%c
10
.....—-——
24%
310
15
11
Oil common
Frontenac
28%
Jan
Feb
*
foot not ps
365
27
1.80
1
7%
20
♦
Washing Machine—
27%
Feb
1
18
~
....
Feb
1
Jan
25%
T
Feb
1.60
Lake
1,325
,1
1.50
Jan
Madsen
2,025
9
Oil
Malartic Mines
5c
Jan
Macassa
18%
1
Co
Jan
1.23
MacLeod-CocKshutt Gold Mines
28%
.
Mining
Duquesne
3c
1.15
13,600
Feb
18%
m
Dominion Woollens common—
8,300
14,050
1.55
Jan
~
Dominion Tar & Chemical common-
5c
1.48
Feb
27%
*
Feb
Feb
Jan
28
•
16%
43c
18%
25
_
16%
14%c Mar
1.63
190
•
Dominion
Jan
27%
A
...
Mid-Continental
Dominion Malting common
Jan
Jan
1.45
Goldfields
94
47%
*
Feb
7.75 Mar
9c
16
Feb
1.60
Jan
15%
300
3.10
24% Mar
26'A
class
Groceterias
Class "B"
Louvicourt
26
14%C
..
.
6.15
Jan
Jan
Jan
1.40
Ltd
94
25
—
16%
1.25
17'A
62c
Feb
1.45
3,709
149 149%
0
preferred
Jan
1.25 Mar
Jan
0
_
13% Mar
75c
Jan
Jan
6%
10
Ltd
Bank
Dominion
common-
19'A Feb
Jan
4'Ac
Ltd
Mines.
75c
1
Gold Mines
Distillers
Jan
Jan
41c
230
f"
*
5'Ac Mar
43c
•
2,200
15'A
16
16%
Feb
1.50
15'A
Jan
14'Ac
Mines
Oro
Preferred
Denison
2.80
Laura Secord Candy
Leitch
Feb
13
2.35
2,439
25
-
-
1.00
1,575
94
0
Petroleum
59,800
13,050
26
•
1.25
56c
22,050
Little Long Lac Gold Mines
Jan
920
•
Jan
Feb
1.40
1.80
58
-11'A
200
1.50
Jan
14%
1.75
15'A
18'A
19,715
70c
2.95
Jan
25
550
149'A
755
13%
24%
2.42
18,118
2,200
1.60
2c
70c
1.35
28C
1.50
37,370
.._100
Aircraft
5'Ac Jan
6,000
23%
Jan
15%
56c
5
Mining & Smelting.
—100
(Toronto)
Conwest Exploration
Davies
9,600
Ltd
Jan
1.40
7'A
Consumers Gas
Cub
10c
5 'Ac
& Exploration
Mines.
Gold
Lamaque
15%
42c
*
Corrugated Box preferred
Cosmos
Imperial Mills
9c
Dufault Mines Ltd
7
———.
Canada
of
Jan
12'A
Maple
Consolidated
28c
Feb
16%
55
53c
•
Feb
4,600
Lake
185
40c
1.76
11'Ac
35c
..
17
55c
5
Jan
33c
Mines.,
16%
40c
—
37c
Jan
Canada
Gold
23%
1
1
.
Jan
3c
-
1.17
of
Co
Jan
16%
*
Lake
Coin
3.45
Feb
5c
9,968
5c
Lapa Cadillac Gold Mines
1
Jan
18c
75,600
Lang & Sons_.
Mines—
Feb
Jan,
Loblaw
Wiilans
Cochenour
Jan
23% Mar
39c
27,600
5c
Mines.
37%
Jan
17c
39c
4%C
9%C
.
Gold
Consolidated
24'A
27'Ac Mar
16c
27 %c
33c
—
Feb
—
10c
Jan
16c
Jan
1.40
535
5c
Mines
Jellicoe
23%
28c
Mining-
2.53
0
Jan
1,445
1.25
Knitting
Bar
43c
5,545
Jan
Chromium Mining & Smelting
Circle
Jan
13'A
1.99
*
34c
14%
1.00 Jan
__
33,550
13
Jan
70,012
—
Feb
43c
14'A
46%
69,215
2.05
Executor
&
35c
Feb
1.20
100
Trust
Feb
19'A
2.45
Research
30c
3 5'A
1.15
Chesterville Larder Lake Gold Mines —1
Chartered
Chemical
Feb
240,050
Jan
2.31
16'Ac
Feb
35c
Jan
1.15
-.1
Central Porcupine Mines
4.05 Mar
39c
18%
2.31
__
10'Ac
Jan
30
..1
Mines
Jan
3.05
320
-.1
Castle Trethewey Mines—
Feb
3'Ac
11,912
2.20
—1
Cariboo Gold Quartz Mines—
Central
33c
37,220
18%
10
17
16'A
*
Boxes^
35,200
130,500
35'A
23%
*
Canadian Wallpaper class A
36c
34
Lake
Tire
Canadian
Jan
4.05
Jan
Feb
Feb
12%
12'A
2,115
Jan.
41c
Bay Mining & Smelting
220
25
10%
96c
30c
Mines
21%
14'A
(Pacific Ry_
Feb
14'Ac
9C 10'Ac
......
Mines
47%
116
Jan
33c
Oil & Gas
46%
57
77c
10'Ac Jan
12
Jacola Mines
100
—
500
2,000
1.00
60c
18%
Jan
20
A—*
com
93c
32c " Jan
Imperial Bank of Canada
]
Imperial Oil
Imperial Tobacco of Canada ordinary.
Inspiration Min & Devel
44%
N
7
57
*
.
Alcohol
43%c Jan
12c 12'Ac
Yellowknife
21%
47 %
Dredge
54 %c
11,500
93c
Jacknife Gold Mines
Canadian
56,059
55c
10'Ac Mar
Feb
Jan
14
—;
Oil
Hudson
Bakeries
Canadian
Jan
890
>•
'
3.65
34
14%
170
45
80c
Highwood-Sarcee Oil
Hollihger Consolidated Gold Mines
14'A
—50
Preferred
Jan
!.
Hedley
Jan
33%
common-
25'Ac
5%c Jan
51c
Jan
'A
170
»
Lines
18,900
Mines
Gold
14'A
-100
25c 26 %c
72c
.
Jan
20
229,545
25c
Mines.
Hasaga Mines
15
33 %
_
Mortgage
Steamship
Canada
Jan
400
♦
_
Permanent
Canada
51
.
__
B
Canada
10%
10
121
21%
*
Packers
Class
#
Power
Harricana
22,660
8c 10 %c
80c
Gold
Jan
Jan
90c
9'Ac
Mines.
Mines.
6%
Feb
9%
,
•
Canada
Canada
6
121
9%
*
A-
455
21'A
100
class
6%
6%
-
:
Foundry
CO
•
common
Preferred
Canada
*
common
Gold
Gold
23c
30c
17,050
86c
17c
1.99
Jan
Feb
3.30 Mar
Jan
22c
Feb
20
Feb
22
Feb
7
Feb
10
Feb
91
Feb
53c
Jan
17c
106'A Mar
1.10
21%
Feb
23
57
Jan
60
20c
Jan
30c
Feb
Jan
Jan
Mar
12%
12%
85
12
Feb
13
Jan
28%
29%
205
28'A
Jan
30
Jan
24
24
55
22%
Feb
26
Jan
18
Feb
20
Jan
18'A
19%
1,198
1.55
1.69
215,425
1.26
Jan
1.85
Feb
f
THE COMMERCIAL &
1018
'■■■ u';yPar
New
Low
Oil
.
53
55%
Gold
Jan
9 %c
9,034
63c
Feb
85c
Feb
Ymir Yankee
17c
172,775
12 %c
Jan
17 %c
Jan
York
1.34
1.40
6,800
1.10
Jan
1.53
7
300
Jan
7%
6
100
5'A
Jan
6
Jan
14,225
2.26
Jan
2.75
2.90
56c
5,220
42c
Jan
58c
30c
40,100
22c
Jan
30c
36c
43c
36,326
34c
Jan
54c
109 %
110
55
107
8%
9%
970
6
Jan
9%
9%
40
9
Jan
6%
300
5
Jan
.
Girl
Knitting
common
10c
6%
Jan
18c
13,818
47c
Feb
61c
Mar
60c
Jan
57c
1,100
104
115
1.55
1.67
24,549
13c 13 %c
11,316
13 %
150
13'A
1 Bo
6c
7'Ac
1.19
8c
10
104
Feb
1.75
Jan
Feb
Feb'
Jan
14c
Jan
Jan
14%
Feb
4c
8c
Mar
Jan
47c
Feb
59
Jan
41c
58
58
95
1.47
1.47
1.59
41,670
1.06
3.55
3.50
3.65
26,200
2.40
Jan
3.90
6.45
5.95
6.75
31,135
4.35
Jan
6.75 Mar
19%
19 %
19%
1,535
19
1.05
1.10
2,200
98c
Jan
1.25
Feb
95c
95c
1,600
81c
Jan
1.05
Feb
Mines Ltd
-
Voting trust certificates
Power Corporation
8
8
35
1
Mines
2.99
1.95
7
510
3.05
13,490
♦
1.59
Jan
Feb
20
9
Jan
Feb
Feb
preferred
New
16
3.15
Jan
Feb
Feb
1,223
11%
Feb
12
.
5,800
40c
Feb
44c
Jan
27,500
15c
Feb
40c
7%
7%
100
-
1
12
6%
Feb
7%
Jan
Jan
95%
95%
45
7
7
7%
920
6%
Feb
7%
Jan
41
41
42
880
41%
Feb
42%
Feb
__
.—
94
76c
62c
76c
8,500
1
1.17
1.16
1.25
20,037
«
25c
25c
29c
18,580
18c
Jan
97
Class
Feb
4%c
Jan
9%c
30
Jan
33
7
100
7
Feb
34
Feb
14 %c
15c
——1———*
National
Andian
Beath
class
Ltd
Columbia
British
Co
Brown
Sand River Gold
Shawkey Gold
Creek
25
21%
t%
Paper
Jan
com—
40 %
40%
42
200
3.00
3.05
9,300
52%
53%
555
45%
21
50
17%
&
100
Sand
Consolidated
—»
6c
Oil
Dalhousie
Bridge
Dominion
4.75
Minnesota
Oil
Siscoe
Co
(N)
South
End
....
35c
35c
500
28c
Jan
40c
Jan
28%
Feb
31%
1.28
Jan
1.58
Feb
Jan
17%
Jan
Feb
30
270
1.50
3,900
16
16
100
35
13%
—
35%
13%
60
27%
Jan
36
4,260
12%
Feb
14%
4%c
4,000
4c
Jan
5c
Feb
28c
2,000
Feb
30c
Jan
1.55
6,600
v
—
13%
25c
4%c
25c
1.48
1.48
16
24c
STOCKS—
Jan
21
Jan
Acme
Feb
297/a
Feb
Agnew-Surpass Shoe com
Algoma Steel common
2%c
Jan,
9%c Feb
100
9
7,040
4.05
Feb
21%
Feb
Jan
4.90
Jan
'
Asbestos
16%
Feb
18
Jan
Bathurst
4
11
11%
23c
50
90
13c
--
14c
90
14c
300
11,050
1.55
Jan
Springer
3c
6,500
1.10
2,600
65c
Jan
Jan
Jan
8c
1.30
80c
Feb
Bell
Co
Week's
Jan
Corp
Tel &
Can
21c
23c
Feb
55
Feb
7%e
Jan
90
18 %c
Shares
100
.pfd
•
3
Feb
4
Mar
Mar
13
Jan
1,477
18%
3,195
15%
Feb
18% Mar
14
3,303
10%
Feb
14
105
105
52
Jan
115%
Jan
66c
66c
75c
53,595
58c
Jan
85c
Jan
59 %c
58c 59 %c
10,000
52c
Jan
64c
Feb
Feb
20 %
Jan
19
Jan
235
94%
Jan
107
Feb
130
100 %
Jan
102% Feb
896
i
14%
Jan
54%
Feb
54%
Feb
20%
21
241
20%
Feb
22 %
Jan
55
55
25
55
Feb
55
Feb
16%
17%
2,180
14%
Jan
17%
Feb
162
162
108
25%
25%
28%
9,576
23
23%
70
21
*
2%
2%
2%
5,975
*
11%
11%
11%
385
Building Products 'A'_;
*
21
19%
21
1,215
Bulolo
5
B
Bruck Silk Mills
161
Feb
164
22%
Feb
25%
21
Jan
23%
Jan
2%
2%
25
25
103
50
3%c
4c
9,000
'
3%c
23
3c
Jan
25%
Feb
Jan
4C
25c
Feb
23c
23c
23c
1.62
1.75
17,300
1.25
Jan
7%
7%
670
7%
Feb
7%
Feb
4
4
100
3%
Feb
4%
Jan
14%
14%
14%
130
7%
_
7
7%
105
*
Radio
v..
Feb
1.62
_
—_
....
Gold
Dredging
Cement
Canada
•
common
Preferred
.—
Preferred
Steen
Rock
•
_
Iron
*
common
Stuart
15c
*
14
7%
1.84
Feb
Jan
15
Feb
Feb
8
Jan
35
68
Feb
73% Mar
73
Feb
76
73
73
76
85
2.80
3.38
115,690
5
5
60
16
16
25
100
Steamship
Power
"•
„
.....
5 'A
*
12
Jan
18%
Jan
21
Mar
17
Jan
20
Feb
Jan
10%
Jan
19%
100
9%
9%
660
120 120%
60
9%
9%
850
7%
Jan
10%
Jan
13%
13%
13%
630
11%
Jan
13%
Feb
Jan
46%
Feb
Jan
11% Mar
.
9%
117
50
45
45
45%
250
*
preferred
Canadian
Breweries
common
40
11
10
11%
12,570
8 %
123
Feb
New
Feb
Celanese
Cottons
Preferred
15%
Jan
Class
20c
Feb
26c
Jan
Canadian
7%C
Feb
Canadian Pacific Railway
25c
6,200
6%c
16,700
4%c
1.66
1.65
1.75
21.220
1.50
Jan
1.80
2.87
2.95"
7,530
2.45
Jan
3.15
Feb
1
4.05
3.90
4.10
29,970
3.50
Jan
4.10 Mar
Jan
88C
Jan
13
Thompson-Lund Mark Gold MinesGold
Toburn
General
11
1.20
Finance
class
_
Class B
1.25
.
.
33c
35c
20
20
18
18
110
1.82
2.85
592,775
14
14
140
*'
•
Jan
Cockshutt
United
1.85
•
—
Mar
*
Class B
United
:
_
class
Fuel
A
Class B
United
_
_
_
_
„
United
Vulcan
•
Walker-Gooderham
&
Worts
corn-
40
Jan
40%
Feb
27
27 %
175
28%
Jan
27%
Jan
Feb
28
Jan
38
27
•
100
28
37
38
125
33
6%
7%
1,001
6%
6%
28
*
common
7%
28
West
Lake
Gold Mines
4 % %
For
Steel
Ltd
page
1020.
Jan
Jan
6%
17%
35
16%
Jan
17%
18,633
11%
Feb
15 %
Feb
13%
13%
13%
GOO
12%
Feb
13%
Jan
58
59
1,458
49
Jan
59
Feb
34
3.4%
185
33
Jan
35
Feb
39
39
25
39
Mar
42
Jan
59
Crown Cork & Seal Co!
*
39
39c
Feb
Dominion
Dairies
20
Feb
18
Mar
Dominion
Foundries &
Feb
Dominion
Glass
1.60
11
Jan
Jan
8%
Jan
27%
Jan
1.30
3.15
14
Feb
310
17
9%
Feb
4%
Mar
18
44%
Jan
46%
5%
Jan
6
Jan
Preferred
8%C
9c
1,500
6c
Feb
10c
»eb
Dryden Paper
4%
4%
1,070
32,823
8,081
99,400
•
Feb
31%
Jan
12
Feb
12%
Jan
5%
Feb
Feb
2.60 Jan
Jan
Mar
16%
12C
Jan
26c
Jan
25c
Feb
4.75
4.65
4.80
4,480
72
72
74%
630
71
Jan
75%
Jan
22
22
22
275
21%
Jan
22%
Feb
1.47
1.75
161,900
1.20
Jan
1.63
101,195
Jan
10%
Jan
11%
29 %
75
27%
Jan
30
Jan
27
240
25
Feb
27
Mar
127
15
124
Jan
127
25
7%
.7%
8
1,275
*
15
15
15%
50
15
14%
15%
110
110
73
402
127
com
*
8
9%
Feb
Jan
8%
Jan
15%
Feb
4,885
.12%
Jan
15%
Feb
145
;
Jan
14
109 %
Feb
72
Jan
7%
Dominion
Textile
common
.-.i-—.
-
.
110 J'; Jan
72
•
35
161% 161%
100
9%
910
10 %
161%
Feb
9
Jan
74
163%
Jan
Jan
10% Jan
L
*
Electrolux
&
Corp_'_
Heating
Foundation Co
1
1
*
12%
Jan
8
7%
8
75
6%
Jan
•
21%
21%
21%
145
20%
Jan
385
10%
Jan
11%
97
Feb
99%
Jan
15%
Feb
17%
Jan
Products
of Canada
13%
50
14
14%
8
Feb
Jan
21% Feb
Jan
17c
1,000
1.45
42%
Jan
23c
1.64
1,060
Mar
Feb
70
2.06
29
135
48% '
29
100
50
12
Feb
940
12%
48
10%
—
100
Preferred
18
Jan
49%
29%
12%
26%
—
Ltd_l
Dominion Tar & Chemical
5%
4%
Jan
29%
27
Steel common'-*
'
30
23c
—
25
& Coal B
Stores
46%
1
i-
,
common
.
Dominion Steel
17%
•
-
29%
46%
13c 14 %c
13 %c
pfd
Preferred
5%
«...
—;
48
120
2.60
Feb
5.00 Jan
Gatineau Power
common
1
preferred
General
Steel
Wares
Preferred
common
1
*
IV/*
;11%
11%
100
99 %
98
99%
120
•
16%
16 %
16%
1,560
104
104
15
_100
1.15
Jan
Gypsum, Lime & Alabastine
"
10%
10%
10%
•
6%
6%
6%
12%
12%
,
2,375
102
Jan
8% Jan
364
6% Feb
104
11
Feb
Jan
Feb
1.75 Mar
1.63
Feb
Hollinger Gold
18
18
18
150
15%
Jan
18%
Feb
Holt,
19%
18%
19%
1,045
18
Jan
19% Mar
99%
100
100
99
Feb
—
see
7%
14%
29%
3,890
1.50
footnotes
125
17
34%
Mining & Smelting
Glass
•
preferred
Jan
•
Plow
*
Products
7%
14%
17
•
Feb
2.25
—1
common
Feb
Jan
14%
»
*
17
16%
Malartic
Western
Wecrons
Feb
6%
25
Locomotive
Hamilton Bridge
Wasa
Feb
Jan
Coal
Jan
2.10
•
Preferred
10
Dominion
Jan
15%
%
Ltd
40%
Distillers Seagrams com
19%
16
1
Mines,
40%
•
5%
Walte-Amulet
23 %
Dominion Bridge
24 %c
2.20
1
1
Feb
Jan
50
—1
Oils
23%
Jan
9,850
•
Oils
35
&
Enamel
Vermilata
23 %
Jan
30
—
Ventures, Ltd.
Feb
23%
30
9%
*
Upper Canada Mines Ltd
47%
125
8%
V-y-':5'.
Steel
Jan
Jan
29%
17%
50
_
Oils
46
Jan
9
•
"A"
275
Jan
118
30
——
Corp class
47%
"
Consumers
Dominion
Union Gas Co
47
28%
28
.
City Rapid Transit common.
47%
90c
35
125
11
2,500
28%
120
..
Transcontinental Resources
Twin
5
1.18
*
A
51c
18,735
11
28%
•
•
j
71c
33c
_
common.
Trusts
Towagmac Exploration
Traders
66c
11
■■■>■
120
—
Elevators
Toronto
68c
*
_
Toronto
Jan
*
Jan
*
Tip Top Tailors—
Alcohol
B
Consolidated
Teck-Hughes Gold Mines
Jan
30
Feb
2.87
Jan
13
Jan
A.
25
16
6c
46
Jan
28%
—
*
common
Feb
1
.
Canadian
Foreign Investment
1
Sylvanite Gold Mines.
Converters
Ind
23c
Jan
11
405
45%
45 %
•
.
Rights
Canadian
25c
44%
410
29%
100
common
Canadian
6%c
1,215
12%
29
*
Canadian
45%
11%
29
•
common
preferred
Feb
Jan
Feb
1
Mines
Jan
25
Preferred
Canadian Car & Foundry
5
5
1
—
_
Feb
Jan
19%
—
•
common
3.38 Mar
2.40
"
Sturgeon River Gold Mines
Cons
73%
3.00
■
__
Sudbury Contact
Sullivan
72
73%
25
_
Mines—
Coal
Oil preferred
Sterling
Feb
11
9%
100
Northern
Canada
Canadian
Steel Co of Canada
Feb
Jan
500
*
*
Preferred
Standard
•"
*
_
Jan
Mar
105
13%
Jan
40
*
200
105
,
Jan
54%
100
Pwr
Corp A—,
Power
16%
9%
20
17%
class A
Co of Canada
Columbia
75
15%
*
& Paper
Telephone
875
54%
*
————
Teleg A preferred
Power
High
Low
13%
20%
102% 102%
50
Brazilian Traction Lt &
12
—
..
Jan
Range Since January 1
High
12%
16%
British
16%
_
Standard Paving common
Jan
Mar
for Week
20%
13%
102%
Feb
18%
—
-
__
new
Mar
Mar
Sales
Range
of Prices
,
of
Feb
11
*
Sturgeon
Chemical
Standard
Jan
18.
98
Mar
'
Southwest Petroleum
Feb
Funda
Low
*
•
Anglo Canadian Tel Co preferred-
460
15,188
*
common
Aluminum
18
,
Ltd
Aluminium
Assoc
7c
23c
23c
104
Works Ltd
Glove
Feb
80c
18
95%
Sale Price
28%
Mar
1.30
45
25
Par
18c
70c
18
98
Last
40c
1.25
18
98
Canadian
Jan
17%
*
1
61,600
.
1.30
—
—
Friday
Jan
n
*
:•
Jan
29
1.45
1.48
Montreal Stock Exchange
31c
.20
_
Feb
35c
*
.
..
Mining
19%
1
Petroleum
.Tan
80
*
Investment
Canada
Slater
Feb
9 %
Jan
Feb
13%
Mines
3%
Jan
2
Feb
100
-
Southmount
5%c
4
*
Mines
Feb
8
1
common.^
Stop & Shop
89,750
6%c
100
Malartic
24
80
__
Preferred
23,750
—
—
Gold
Bladen
Feb
Jan
65
1
Grain
Reliance
18c
1.25
common
Preferred
•
7,570
29%
.—
i.—
Feb
I
Dairies
Paper
Oreille
Pend
36c
18
*
Class- "B"
-
3.358
100
Ontario
&
Osisko Lake
10c
common
Silverwoods
Jan
54%
3%
Selections—i.-,—
35c
75c
Simpsons Ltd class "A"
Jan
3.05 Mar
Jan
9%
80
♦
150
21%
4.60
*
Ltd
Jan
9
*
——
Steel
Class
Silknit
2.25
46
Jan
3
•
Co
Oil
Foothills
Hayes
15c
_50c
35
9% Mar
80
3
*
———
1,390
8%C
21%
■
4.70
1
_
.
—
9%
100
Feb
21
•
—
2.90
53 'A
1
preferred
17
29%
50
....
•
•
Consolidated Paper
52c
29%
6c
_
-
class A__
Co
Jan
20%
Mines
22%
Jarif
100
Preferred
Burns
36c
Gold
High
Low
22
9%
common
J an
29%
1
MiningGold Mines
Pberritt-Gordon
Range Since January 1
High
21
&
15
20%
Senator Rouyn, Ltd
Sheep
36 %C
415
Shawinigan Water & Power
Low
22
Feb
18c
88,200
Mining
"
1
Pulp
Feb
45
Jan
45c
1
Shares
9%
Feb
10c
16%
Gold Mines Ltd
Antonio
tor Week
9%
Jan
10,700
16
Mines
Corp class A
Sales
Range
of Prices
*
"A"
Mar
36
Feb
41c
__10
Week's
Sale Price
Feb
7
*
35
45c
Gold
Lawrence
San
10
16%
Inc
Co
Anthony
St.
45
*
Russell Industries common
St
34%
45
10
Oil
Royalite
34
125
1
Funds
Mar
20c
45
15c
Royal Bank
Jan
Mar
24c
1,050
2,000
7
Lac
Merger Gold Mines
Rouyn
35%
Feb
33
*
Roche Long
1.39
24c
common
Preferred
Feb
Jan
29c
8%c
*
L)
76c
Jan
32
——
,——
*
(P
Jan
Jan
20c
7%
*
Mills A
B
Robertson
1.15
7%c
Reeves-Macdonald Mines
Reno Gold Mines
Riverside Silk
45c
....1
Quebec Gold Mining
Queenston Gold Mines—
33%
Par
Temiskaming
Quemont Mining
$3,600
Feb
40c
22c
—-
preferred
2.45
1.95 Mar
Jan
Jan
17c
—;
common
New
14
40c
12
1
Purity Flour Mills old common
34
Jan
40c
Prospectors Airways
Purdy Mica
32%
Feb
22c
Proprietary Mines
Old
1.15
39,062
15%
2.95
America!
Dome
East
Preston
Feb
STOCKS—
Langley's preferred
1.78
15%
1.86
Gold Mining Co
Premier
Pressed Metals of
Feb
11%
Jan
58
40,700
Feb
37c
97,400
8c
42c
99
42c
Gold
25c
Feb
Friday
Jan
54c
54c
Ltd common
Rouyn
Jan
9%
Canadian
Feb
46,500
104
13c
Powell River Co—
Powell
3%c
1,315
Feb
15c
1.60
Gold Mines of B C
81,000
IIV2
Feb
Toronto Stock Exchange-Curb Section
Canadian Marconi Co
Pioneer
23c
9%
Uchi
Jan
53c
104
Mines
18c
11
Last
54c
Gold
19c
Jan
12C
50c
Pandora Cadillac
Pickle-Crow
3.30
BONDS
9% Mar
11
49c
12c
Oils
110
Jan
9%
J;
Mines
Feb
4.40
55
10,575
16
4.45
16%
4.50
Jan
6%
Gold
4.60
16
Feb
37c
Pacific Petroleum
Perron
Jan
Jan
16%
Feb
26c
Oil & Refining
Penmans
Jan
Feb
175
Feb
2.65
Car
Paymaster Cons
Corp
Feb
5
52c
Mines—-—
Jail
83
16%
78
Feb
7
9%
Pantepec Oil
Malartic Gold
Jan
76
Jan
83c
common
Partanen
68%
78
•
Wright Hargreaves Mines
27c
Ltd
8
34
Jan
2.65
Page Hersey Tubes
Pamour Porcuoine Mines
12c
Jan
*
Jan
16c
8%c
—
———
Jan
6%
8c
*
55%
6
Mines
Loan
Pacalta
14,500
High
Low
23,500
400
5
Feb
1.34
i
—..
Orange Crush
Preferred
Pacific
6 %c
—
Range Since January 1
High
10c 10%c
7
7
10c
*
common
Jan
Combing
7
Mines
_1
Wool
7c
Malartic Mines
Omega Gold Mines Ltd
Ottawa
7c
Low
100
14c
O'Leary
Ontario
Electric
Winnipeg
76c
—
Oils
2.85 Mar
Jan
Wiltsey-Coghlan Mines
8c
Preferred
O'Brien
50
4,210
North Star Oil common
Okalta
Mar
Preferred
4,600
16c
2.35
55c
Feb
76c
Ltd
Mines
Canada
Northern
6,425
15c
—
Corp
Shares
Par
16c
Ltd
Mining
Norrnetal
2.85
39c
142,200
54
Norgold Mines
Northland
55c
15c
Noranda Mines.
Nordon
for Week
of Prices
Friday
6TOCKS—
1
High
Low
2.65
2.78
—5
,
Range Since January
High
46c
52c.
Bidlamaque
Nipissing Mines
Sales
Range
Sale Price
for Week
Shares
Week's
Last
Sales
Range
of Prices
Friday
.
MARCH 2
ENDING
J
Week's
Last
Sale Price
STOCKS—
WEEK
FOR
RANGE
MARKETS
LISTED
CANADIAN
Monday, March 5, 1945
FINANCIAL CHRONICLE
101 %
Feb
Renfrew
Howard
Smith
Preferred
Mines
5
preferred
Paper
common
s
111% 111%
100
670
11%
Jan
20
102%
Feb
y...
7%
12 %
104
Jan
Jan
Mar
•
22%
21%
23
1,465
24
Feb
100
104
104
104
20
112
Feb
Volume
Number 4365
161
THE COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
FOR
LISTED
WEEK
1019
MARKETS
ENDING
MARCH
2
Friday
Week's
Last
Par
Hudson
*
Bay Mining
•
Oil
Imperial
Tobacco
of
Can
14%
5
common
—
13'A
Preferred
—
_
International
Paper
International
Power
Lake
the
common-
7%
Feb
7%
Jan
.
26%
-
26%
55
24%
Jan
26%
Feb
18
295
17%
Feb
18'A
32
105
29%
Jan
32
3,112
31%
Jan
37
Mar
26%
28%
4,225
21'A
Jan
28% Mar
*
23 Va
22%
_
_
_
common
,....-
100
10
23'A
2,715
30
30
32
—
112
112
12
12
98
Feb
21%
Jail
30
115
Jan
35
Jan
Jan
112
Feb
100
_
—
.
,
420
108%
11
101
—
*
(John A)
26
51
25
Jan
150
—
150
10
150
18%
12
Feb
Feb
16%
18%
775
16
*
Massey-Harris
Mitchell
Montreal
Lt
Montreal
Loan
Ht
65
6
65
150
Pr
*
Cons
Feb
Mortgage
Montreal Tramways
Murphy Paint Co common
9%
1,880
8%
Jan
9%
Breweries
Preferred
National
5,495
9%
Jan
11%
1,000
24%
Feb
26'A
Feb
23
Sec
21%
30
25
m
3,730
30
25
27
25
23
Preferred
Ottawa
23
Ottawa
.
40'A
*
18%
Ltd
Powell River
Power
of
28%
Bros
5 r't
&
Co
Ltd
Jan
23
521
45
40
10
Va
2,630
19
Jan
43%
41 Vs
Jan
Feb
46
Feb
18
Oilcloth
Rolland
Paper
19%
St
Lawrence
Class
St
..
A
Corp
26
26%
169
3
6'A
550
5%
479
Feb
25%
169
27%
Sherwin
Sicks
Williams
of
Mar
169
Jan
75
28'A
Jan
35
Steel
Industries
of
Co.
Canada
Jan
11%
Jan
58
75
58
Feb
59
St
John
„
8
8'A
660
7
Jan
9
Jan
37%
4,315
34%
100'A 101'A
9%
65
9%
32
L
Feb
Jan
103
Jan
10
15%
16
350
10%
8
23
23
100
12'A
12%
575
105
105
25
3%
Feb
16
Jan
425
6 4'A
64 'A
65
18
17%
18
10%
Jan
22
Jan
lSt'A
Jan
106
4,875
21%
*
2
3'A
Preferred
23
12'A
Jan
Walker
(Hiram)
&
G
W
Molson
2%
Jan
18%
Jan
Feb
1st
2nd
&
Ltd
Preferred
Nova
_
_
_
—
„
Commerce
—
„10
__
Montreal
Nova
_
—10
_
Scotia
Royal
10%
Jan
11'A
Jan
Jan
73
Feb
Light
&
Power
21
Feb
Sarnia
Jan
165
Feb
Southern Canada Pwr 6%
Co
Ltd
Jan
13%
Feb
4%
175
4 'A
Jan
5%
13
40
12%
Jail
13
Jan
Windsor
98
Jan
98
Jan
Woods
59
Jan
10
59
10
73'A
103
22'A
85
100
53
7 Va
1,383
59%
cum
Power
&
Paper common
22% Jan
105
75
Jan
22'A
Jan
Aldermac
100
Jan
Arno
8
Jan
'
Jan
Mar
3%
Jan
9%
Jan
24% Mar
12 Va
Jan
Feb
Bouscadillac Gold
29'A
Jan
Bralorne
Jan
15%
Jan
Cartier-Malartic Gold Mines
Jan
15
Jan
Beattie Gold
Mines
Gold
30
15 %
15%
100
14%
15
473
19
15
17
1,7%
3,005
17
Jan
18
105
28
Feb
29'A
Jan
Dome
Jan
16'A
Jan
Donolda
Jan
49%
15%
49'A
49%
$35,000
49 Va
(Quebec)
11% Mar
60
10 Va
10%
10%
102
6%
Jan
10% Mar
4
4
100
75
75
110
3% Jan
75
Feb
Jan
Coin
63
#9
63
25
62
Jan
63
Feb
104
25
99
Jan
105
Jan
46%
674
35
Jan
38%
7
40
424
7'A
30
6
Jan
19
19
105
19
Feb
"
'
7%
7%
7%
175
6
Jan
108
5
107
Jan
23c
5,158
10
40
—
10
30
15'Ac
Ltd—
for Week
3 'A
3 Va
3%
6,237
50'A
49%
50%
2,184
2%
19
•
Feb
'7%
109
"2c
Jan
Jan
Feb
Jan
23c
10
Feb
10
1 Jan
Jan
4Va
105
10
10
320
8
Jan
10%
Feb
30
30 Va
101
29 Va
Jan
30%
Feb
4%
3% Feb
4%
Feb
16c
7,000
3'Ac
5,000
3c
Jan
3%c
Jan
80c
■
82c
400
75c
Jan
82'Ac
Jan
15c,
—.
15c
Mines
Ltd
Ltd
1.65
V 1.65
Feb
lie
2,500
8c
Jan
14c
Feb
9c
9c
3,000
6c
Jan
9c
Jan
17%
17'A
705
15%
Jan
17%
Feb
1.20
1.20
100
75c
Jan
1.33
Jan
7C
1
47/eC
400
v
1
Mines
.VA..
26
Mines
Ltd
3%
Jan
51%
Jan
Omega Gold
Jan
Pato Cons Gold
54c
Feb
54c
Feb
26%
Feb
28%
Feb
54c
28'A
1.23
'
3,500
26
26
500
2.98
2.98
400
t.22
23c
2.55
Feb
Feb
Jan
1.35
28c
Jan
Feb
Jan
2.98 Mar
iOO
1,500
62c
Jan
73c
Mar
200
36c
Jan
43c
Mar
5c
5'Ac
9c
8,600
12%
12c
9,500
12%
100
4.90 Feb
3'Ac Jan
7%c
11%
Jan
Jan
5.60
5'Ac
10'Ac
Feb
Feb
Jan
12%
Feb
Jan
15c
Jan
18
Jan
24
92c
Jan
530
1.65
1.75
8,600
3.25
2,400
85c
1
500
24
3.10
*
12c
85c
200
85c
Mar
98c
79 %c 79'Ac
1.75
12c
24
1
Jan
500
400
54c
28%
8c
73c
*
Jan
Feb
8c
•
Porcupine Mines Ltd
Jan
13c
43c
1
Normetal Mining Corp Ltd
O'Brien Gold Mines Ltd
7c
Jan
5.60
1
—
Jan
Jan
10c
70c
1
Goldfields
6c
4c
1,000
43 c
1
Ltd
8,500
27,700
73c
v
Consolidated Gold Mines Ltd—1
Mines
7c
5c
Vi—■
1
1
Moneta
High
A —
*
Ltd
6c
5.60
1
Mines Ltd
Feb
4%c
1.22
__
1
Ltd
1.80
11%C 11%C
1
*
Gold
Jan
10c
1
Ltd
Addison
19c
1.65
Mines Ltd
Lake Gold Mines Ltd
Mines
Jan
1
Mining Corp of Canada Ltd
Range Since January 1
46
Feb
'Jan
,
7'A
1
Louvicourt
Sales
•
41
1
Ltd
Kirkland Gold Rand Ltd
100
46%
36% Jan
108
Duquesne Mines
Low
Feb
44%
10
Mines Ltd
East Malartic Mines
Kerr
I
Feb
75
104
46 »A
22c
Lake Shore
Shares
Jan
4%
*
Mines
Central Cadillac Gold
Funds
High
% Mar
Feb
Feb
1,840
25
57%
Jan
2 8'A
16'A
Feb
Jan
Feb
10% Feb
10
Century Mining Corp Ltd
16
Jan
3
5
1
83
19
14
26%
Feb
160
1
23%
Jan
Feb
2%
nya
•
Jan
14
Jan
3
8% Mar
23c
Copper Corp Ltd
Jan
19
107
t
Jan
5
•
Mines Ltd
75
15
24 Vt
Mines—
23
28% Mar
Feb
Feb
.f/:.';
5
100
Aumague Gold Mines Ltd
6%
Jan
Feb
Jan
Jan
Feb
100
Range
18
58%
*
116
of Prices
16%
58
»
76
Low
24%
Jan
Feb
11%
pfd—100
.
23
Week's
Jan
12
17%
3
*
Manufacturing Co
28'A
Canadian
preferred
22%
8% Mar
58
of Canada Ltd—*
Hotel
Jan
100
Feb
Jan
9
*
Investment—
Clay Products Ltd
71
Montreal Curb Market
6%
155
23
*
2'1 %
J.-M.
Abitibl
1,960
5
Co
Joliet-Quebec Mines Ltd
Sale Price
650
16%
17%
Jan
Howey Gold Mines
Par
23%
14%
25%
Bridge Co Ltd
11%
98
Jan
49%
27
,v
7% Mar
25%
Soutlnnount
Grain
Francoeur Gold
STOCKS—
1,370
Jan
50
161
Jan
5
Feb
Feb
5
*
Jan
76
Jan
1
24
•
Falconbridge Nickel Mines
Last
87/a
49 %
33
2,955
5,615
common
Jan
1
Friday
7%
62
3
*
16 Va
28%
—
—
136
13%
common
23
17'A
Notes
27
24%
A
75
k
Power
49%
•
Quebec Pulp & Paper pr
Quebec Tel & Power Corp
25
Bonds—
Montreal
50%
Jan
•
3
Ltd
76
15
—10
Feb
5
*
Manufacturing Co
163
6%
-
-10
50
23% Feb
87A
■
Power Corp of Can 6% cum 1st
pfd_100
6% N C part 2nd preferred
50
100
10
—
_
65
50
50
23 3A
42 Vt Mar
13%
Feb
69
Feb
Jan
24%
Jan
t
Dominion
Feb
15
34%
13'A
Jan
28'A
-10
17 Va
184
11,388
3
<.
Canadian Malartic Gold Mines Ltd—*
_
Jan
>.
19
—
75c
17%
14%
"c,
Jan
27
:
,
30c
23%
7%
...
26% Mar
49%
-
Feb
;.v
';,
Jan
190
27
Feb
4%
25
24%
23%
Scotia
13%
98
23
17
42%
50
20
Mount Royal Hotel Co
Noorduyn Aviation Ltd
Banks—
Canadienne
;3 V' Feb
39
<
190
_AV
Ltd
Feb
3%
4%
7
25
16
38%
Jan
555
75c
23%
30
—
Corporation
163
__
«
41
com__*
preferred
Moore
Jan
13%
-
26 %
75c
•
...—_
25
22%
—
Paper
■;
Jan
5
59
_
26 Va
*
Feb
35
73
-
Jan
20
22%
125
60
«
—
Feb
3%
38
Jan
37%
2,220
24
24
20%
98
-100
„
2%
25
1,210
24
Refrig & Storage Ltd
preferred
13
100
common
175
4%
108
common
Ontario
Breweries
Beaufor
Zellers
2Va
38Va
4 72
AA
107
Paton
65
*
..
Feb
Jan
23%
Feb
430
-
preferred
Winnipeg Electric commonPreferred
8%
11%
Jan
76
common-
(Geo)
.
Jan
Feb
107
18 Va
73
__
Preferred
Weston
7%
10%
Jan
106
Feb
Feb
140
23Va
68
20'A
.100
...
36%
Feb
295
10f«
22
11%
—
Ltd
pfd
Jan
76
«
..
20
Jan
35%
4,906
36
preferred-100
Feb
73
163
5%
58%
11%
—
»
..
_
Jan
30
8V2
26 Ms
-
-
16%
73
—
-
Wabasso Cotton
*
*
2,535
11'A
*
common.
18
75
11%
0
iq
United Distillers
Viap Biscuit
430
Jan
10%
16
Preferred
Mar
10%
Feb
9%
36
*
1,293
"
2 3'A
23
—
Corp__
20
36 V2
Jan
Jan
Feb
15%
-
Feb
9%
Ltd
Melchers Distillers
37% Mar
100%
315
Standard
Steel
19 Va
Jan
14
'
8
2V2
*
A
McColl-Frontenac Oil 6 %
21
Tobacco preferred
-100
0
City Rapid Transit common-
United
9,446
Jan
6%
.K-w
Massey-Harris Co
—
Tuckett
Twin
9%
38 Va
•'
—.
Feb
12'A
•
_
9'/a
3%
50c
8
—:.
Paper
20
23
*
_
Jan
Jan
Jan
n
MacLaren Power & Paper Co
—*
Maple Leaf Milling Co Ltd common..*
Maritime Teleg & Tel 7 %
pfd—
10
Reliance
_
&
Feb
*
_
Pr
19
10%
__25
Tooke Brothers
13 '/a
Jan
3 Va
common
55
—100
Ltd
2,535
•
Preferred
14
36
Limited——™——*
Lambert Shoes
Feb
8%
21
com.
14
Feb
75
3'A
...:.
Feb
3%
6%
36
———.
Companies,
Metal
Lake
Mar
*
6%
35
-100
Canada
Power
—
19%
23
Canada
25c
1
19'A
Breweries
Southern
93
*
•
Inter-City Baking Co Ltd
Jan
10
58
16
*
Paper preferred
Water & Pow«r
50
5
Fraser
Jan
10
-50
Lawrence
Shawinigan
800
25c
—50
169
37
100
_
Jan
63A
Investment Foundation Ltd
common—*
6% convertible preferred
101
-25
common
preferred
Jan
50
20
JL_*
Int
..
..
45c
Jan
3%
*
8
_
__
Ltd—
Linoleum
23% Mar
35
*
common
Preferred
&
Fanny Farmer Candy Shops
Fleet-. Aircraft' Ltd
Montreal
_
Feb
40
25c
—
*
Woollens
Minnesota
..
A
55% Mar
«
—
30c
6%
I,
Jan
>
Jan
511
115
9%
Feb
«
.....
\A
3 Va
Jan
--
Preferred
47
22
10
-100
common
30c
.46
common
Ford Motor of Canada
Ltd A——.
Foreign Power Sec Corp Ltd com
Feb
6'A
Transport
Quebec Power
30c
46
50
•
Regent Knitting Mills
30c
*
120
•
common
'5%
"A"——*
19%
preferred
Provincial
5%
Feb"
Pairchild Aircraft Limited—!—.—
■
Jan
19
150
'
Feb
26
__
Canada
Feb
4%
2,025
58
_•
Feb
Jan
4
23'A
_
...
Co
Corp
Price
common
Jan
11%
25
Donnacona Paper Co Ltd-.-:
.
Penmans
Jan
25
55%
rt 0 0
_
5,5
Feb
6'A
4
23
*
common
51%
80
Feb
Jan
Jan
41/2
Feb
23%
169
-100
Electric Rwys
&o
10
Feb
62
4
53 »A
*
Ottawa L H & Power
30
Jan
4 Va
23
m
Aircrait
Feb
51'A
10
*
Ltd
54'A
__
_
28
85
40%
45
■
19
common—
.
Car
40%
•
Ogilvie Flour Mills
51'A
52
*
Engineering Works
Preferred
25
Noranda Mines Ltd
25
.
'I
Corp„
Niagara Wire Weaving
55
*
2.50
Dominion
Jan
21%
—
—
—
_
55
100
5
Div
David & Frere Limitee
Dominion
Jan
21 Va
21%
c
..
Car
7%
Feb
26'A
.
common
_
Steel
Feb
Preferred
Jan
11%
25
I?
National
5%
Preferred
Jan
9%
-100
...
450
—*
Advert
Commercial Alcohols Ltd
18% Mar
65 V2
10%
25
-
6'A
; i
Feb
11
♦
&
6'A
6'A
Jan
9%
*
&
8%
Consolidated Paper Corp Ltd
26'A
—
Oil
(Robert)
3%
Jan
,
Dominion
McCoil-Frontenac
Jan
6%
*
1
Preferred
Feb
26%
Jan
65
-100
_
2
185
23% Mar
Jan
26
_
preferred
1,901
Chateau-Gai Wines Ltd
General
High
3 Vt)
8'A
Cassidy's Limited common
Celtic Knitting Co Ltd
Neon
Low
3
8%
Jan
Claude
Range Since January 1
High
1.00
V/e
preferred
Canadian Westinghousa Co Ltd
Mar
37
.100
W»
(C
300
31
_
_.
Lang & Sons Ltd
Lindsay
7%
13'A Mar
Low
Shares
pfd-*
Canadian Power & Paper Inv
5%
Canadian Vickers Ltd common
Consolidated
Ltd-
Woods
Preferred
Jan
27'A
.100
Public Ser
of
12'A
35%
*
Preferred
Jamaica
2,465
17%
—15
.
14% Mar
32
—
Ltd
Jan
13%
of Prices
Par
Canadian Marconi Company
Sales
for Week
Range
Sale Price
Mai;
13'A
100
Co
4,376
35
12%
_
_
Petroleum
14%
Jan
30%
37
•
common
Preferred
International
•»_
-25
_
common-
496
STOCKS—
High
7%
Industrial Acceptance Corp common..*
*
International bronze common
Int Nickel of Canada
Low
35
14 Va
a
.
High
34
-
__
Ltd
Imperial
Preferred
Low
1,000
64c
Feb
79'Ac
Feb
2.90
Feb
2.70
—
2.75
40c
40c
5.00
Mines—
5.00
1,000.
500
7c
2.97
2.25
40c
Feb
Jan
Feb
1.75
3.25
Feb
Feb
Feb
Jan
40c
Feb
5.40
Jan
V
Bathurst
Power &
Paper class B
Brandram-Henderson
British
American
Ltd
3%
*
Co
3V2
8
♦
—-
Bank Note
17
*
16%
3%
100
8
128
17
160
3
8
15%
Jan
Jan
Jan
4
8Ms
17
American
Oil
British
Columbia
Packers
Brown
Co
Co
Ltd
24 34
*
Ltd
*
25%
601
23%
Jan
25 %
Jan
26%
Jan
—
26
26'A
170
.25%
Feb
1
3.00
2.90
3.03
25,790
2.30
Jan
Preferred
—100
Burns
&
1
53'A
52
54
730
Co
class
*
14
14
80
pfd—100
105
105
5
24 Va
25
932
B——
45
13%
Jan
3.05 Mar
55
Feb
Canada
Canada
Canada
&
Dominion
Sugar
*
Malting Co Ltd
North
Power
*
7%
preferred_100
24'A
51
.
104
103'A
51
40
104
240
105
Jan
15
Jan
Feb
105
Feb
24%
26
Jan
50%
100
Jan
Jan
52
Feb
Jan
106
Jan
Canada
Starch
Ltd
Co
General
Canadian
Industries
1%
pfd
Investments
Ltd
class
_100
Ltd—
*
"B"—*
120
120
5
117
Feb
13%
13%
85
13
Jan
13%
500
9,800
1.19
Jan
1.57
1
5.80
5.80
25
4.40
Jan
5.80 Mar
1
60c
60c
600
47 %c
Jan
60c
M&r
9c
lie
Jan
11c
Mar
7c
7c
2,000
1.27
1.27
300
13%
13%
Gold
Mines
of
B
C_—
*
'
'
»
Sherritt-Gordon
Gold
Stadacona
Mines
Mines
Mines
45
159
Jan
161%
*
-
'
.
Shawkey Gold Mining Co Ltd
Sheep Creek Gold Mines..—
—50
Ltd..
Ltd
1
Sullivan Cons Mines
Lake
Gold
1
Ltd
1
Mines
8,000
6c
41c
Feb
Feb
iv,
*
—
13'A
200
5%c Jan
1.27
Feb
I
7c
Feb
1.27
Feb
11%
Jan
70c
68c
73c
11,150
60c
Jan
65c
68c
6,600
61c
Jan
—
3.35
3.35
2,000
2.68
Jan
3.35 Mar
1.70
1.70
1.80
13 %
84c
7bc
Jan
Feb
Jan
1.75
14,400
1.50
Jan
1.50
1.75
3,900
1.33
Jan
1.75 Mar
1.47
1.58
9,200
1.47
Feb
1.58
Feb
4.45
1
...
Wright Hargreaves Mines Ltd
.
Feb
65c
1
...
Steep Rock Iron Mines Ltd
Wasa
»
1
Ltd
1944
11c
'•
41c
4.45
100
3.95
Jan
4.50
Feb
Feb
Feb
161% 161%
Jan
41c
1.57
Ltd
West Malartic
Canadian
5.00
41c
1.50
Siscoe
Calgary Power Co Ltd 6'/r
500
1
Mines
Quebec Gold Mining Corp
Red Crest Gold Mines Ltd
/
common
1
—
1
Gold
Pioneer
British
Dredging Ltd
Paymaster Cons Mines Ltd
Perron
Jan
Feb
Feb
120
Mar
•
OilsCanadian
Ingersoll
Canadian
Inter
Canadian
Light &
For
Inv
footnotes
-a
64
64
25
62
Jan
64
Jan
British Dom Oils &
pfd—100
95
95
115
95
Feb
95
Feb
Home Oil Co
_100
12'A
12%
5
12
Feb
12%
Jan
Homestead
Rand
Trust
5'A
Power Co
see
page
1020.
Dev Corp
Ltd
Oil
&
*
Ltd
1
9 Vic
51c
51c
3.65
—
•
Gas
3.95
4,150
3.10
Jan
9%c
10c
15,500
4'Ac
Jan
5,000
51c
Feb
71c
Jan
3.95 Mar
10'Ac
Feb
<A,
THE COMMERCIAL & FINANCIAL CHRONICLE
1020
Monday, March 5, 1945
OVER-THE-COUNTER MARKETS
Quotations
for Friday
2
March
For Quotations on Real Estate Bonds
Over-the-Counter Quotation Services
'■/.
,
:'\k
'*
/..v,:
i r
'
<
,•
•
.
•
Shaskan
FOR SECURITY DEALERS AND
FINANCIAL INSTITUTIONS
Call
Co.
&
Members New York Stock Exchange
Members New York Curb Exchange
Write for Free Trial
or
40 Exchange Place, New York 5, N. Y.
Tel:
NATIONAL QUOTATION BUREAU, Inc.
Bell Teletype
Dlgby 4-4950
NY 1-953
Established 1913
46 Front Street,
New York 4, N. Y.
"
Chicago
Reorganization Rails
San Francisco
(When, as and If Issued)
Bos ds—
Investing Companies
Bid
,F*I
-1
Affiliated Pund Inc
1%
AAmerex Holding Corp
10
American Business Shares
1
American Foreign Investing_10c
Aeronautical Securities—
v
1
;+ Axe-Houghton Fund Inc
8.53
4.62
5.05
30%
29%
Inv
Bond
of
Tr
—-—S
Broad Street Invest Co Inc
8
Bullock Fund Ltd———.I
'
Canadian Inv Fund Ltd—,
Preferred
.100
—
1
Consol Investment Trust—
1
Corporate Trust Shares
1983
87%
Series
B-2—
29.23
32.01
2nd 4%s
2003
67
69
B-3
20.85
22.90
B-4
11.27
12.39
1st 4s
K-l
19.66
21.59
Gen
income
4%s
A
2019
93
95
Series
K-2
24.96
27.47
Gen
Income
4%s B
2019
773/4
26.21
28.81
S-3
Series
—
S-4
16.41
21.16
Knickerbocker
Denver
33.43
36.14
Loomls
17.88
19.59
6.72
7.73
104.66
106.80
45.18
46.10
Loomls Sayles Sec
Sayles Mut Fund—*
Fund
10
142
5.69
147
54
52
——
9.82
2d
1
12.39
13.33
20.97
" —"———7———YfiO
6.30
7.15
Fund
Nation-Wlde Securities—
(Colo) series B shares.—.*
250
1.44
1
8.63
9.33
8tock
S
series
7.13
8.05
American
priced bond series
7.76
8.54
Mutual
Trust
Fund
4,83
American Equitable
9.56
American
Low priced
stock common
series
8.65
22.99
24.76
1.97
2.17
6.56
7.31
Fundamental
2
Invest
Inc
Bank
38.50
1
Group SecuritiesAgricultural shares
Aviation
5.97
shares——
stock
National
Union
—2%
67/a
7%
-■?
'
-
6.04
7.51
8.26
7.72
North
9.85
7.28
Amer
Trust
8.01
1953
6.00
Plymouth Fund Inc
7.94
8.73
Putnam
9.35
1027
8.10
8.90
10.58
11.10
8.92
9.80
—
shares
—
7.24
Merchandisc shares
Utility
7.96
Series 1955
25
80 %
100
Camden
Fire
(Geo)
Fund
20%
61%
63%
North
49
51%
Northeastern
323/8
__5
10
30%
Selected Income Shares
Sovereign Investors
6.21
State Street Investment
7.50
6.25
;
5.85
5.63
5.19
5.59
shares
5.11
4.71
6.15
51
Corp
Super Corp of Amer AA
;
Fund
50c
62c
Securities
ASeries
C
ASerles
D
25%
5.78
6.58
12.50
89%
25
99%
10
56'A
58%
10
91%
95%
5
13%
14%
10
35%
37%
Fire
Indemnity Co
34%
37%
Pacific
593/4
63%
Phoenix
51%
54%
Preferred Accident
Fidelity 8c Deposit of Md
20
Fire Assn of Phila—
10
73'%
10
93%
94
104%
77%
of
154
160
Providence-Washington
97%
Reinsurance Corp
13%
15
Republic
0
24%
26'A
Revere
0
55
58
Seaboard Surety
19%
213/4
Security New Haven
10
0
0,
Globe
&
2nd
a
0
Newark-.
Fire
48
(NY)_—
American
0
Hanover
25%
77%
80%
10
48%
!_10,
34%
50%
Springfield Fire & Marine
10%
Standard Accident
28%
85%
Travelers
31'A
preferred
31%
23%
12%
Paul Fire & Marine
26%
com.
33
U S
V
•
r
.'r7\
572
29%
,31%
U S Fire
112%
U S Guarantee
43%
463/4
'
.
39%
4
"
.
i
587
41%
51%
54
75%
80%
34%
10—
Westchester Fire
<
41
*•' '■
100
1073A
36%
126
38
Fidelity & Guaranty Co..2
10
Fire
51
120%
25
».—10
r
10
Hartford
6%
29%
10
Fire
81%
Rutgers Fire Ins.
4%
2
10
(Texas)
(Paul)
9%
36%
2.50
1974
106%
Recent Bond Issues
Bid
1
1
Arkansas
Trusteed Industry Shares—25o
86c
25.23
Pow
&
Lt
3%s__ 1974
Bid
Ask
106'A
106%
1975
103
103 %
1974
104%
104%
Conn
1974
1969
108
1974
108%
Armour
&
Co
4%s
26.02
Bond
Fund
series
A
96c
B
21.83
23.87
0
25.93
27.88
Series
C
9.18
18.03
7.87
8.61
Union Preferred Stock Fund
21.55
23.56
U S El Lt & Pwr Shares A
Union Common Stock Fund B
Ltd—
96c
14.04
-
1.10
Florida
Power
3%s
109'A
109%
1.21
Wellington Fund
110'A
Ill
.1979
107%
108%
.
10
28.52
31.00
i
14.64
14.98
1
18.53
20.22
Houston Lt 8c
Kansas
Investment
Banking
ABlair
&
A First
Boston
Miss
Co
1
Corp
10
5'A
5%
39%'
Pow
2%s
1974
106
•New
York
Power
106%
Nashville 3%s_2003
&
1974
1974
Elec
3s
1968
1974
k—
104
106'A
104%
106%
(Indiana)—
series E
1973
108
108%
1972
108%
109%
8c Lt—
Diego Gas & E) 3%s__ 1970
Carolina
111%
112%
1975
101%
101 %
Tri-Continental Corp 3%s
1960
105'A
Wabash
1971
105
100%
108%
108'A
Narragansett
1975
-
3'/as
RR
106'A
105%
Light 3%s
San
107
Chicago 8c St Louis—
Puget Sound Pow
4%s
South
k__
&
Ask
Service
Potomac Edison 3s
3'As
York
1958
105%
107
102%
City Term Ry 2%s_1974
Louisville
Corporations
Public
Public Service
Florida Power & Light 3%s_1974
4%s
14.87
Orleans
3%s
Pennsylvania
1.06
13.57
New
2%s
Light & Power 3s
Empire District Elec, 3%s
18.50
•
Investors Fund C
23%
5
——
10
l
ASerles A
Series
America
15%
Shares—
1.76
12.81
»
—
10
1
Trustee Stand Oil
1.61
Stock and Bond Group shares.
48%
13%
..2.50
River
Federal
'
iBank Group shares
/ Insurance Group shares
of
32
46%
5
Trustee Stand Invest Shs—
10c
Investment Co
29%
10
54
Union
Inc
Incorporated Investors
Independence Trust Shares
Institutional
10
Fire
Fire
Employees Group
Employers Reinsurance
Birmingham Electric 3s
1
Common
.
York
l
ASeries B
Holding Corp
Foundation
28%
4.67
5.31
shares
12.56
8%
189
26%
1
8.16
5.68
—
101.75
11.52
1
4.24
Income
New
Hartford Steamboller Inspect.„10
99.73
179
Casualty——2
Pacific
Great
Fund, Inc
;
•
Selected Amer Shares—.—2 V»
20
Fire
Northern
Casualty
4.30
Scudder, Stevens 8c Clark
7.42
sHhres
16.73
3.91
64%
7
22%
Globe & Republic
15.56
33%
61%
New Brunswick
22"%
Glens Falls Fire
1
30%
—10
2
Amsterdam
10
Connecticut General Life
7%
5
(Detroit)—10
—
New Hampshire
665
St
.1
Republic Invest Fund
4
Ins
Casualty
21%
Crum & Forster Inc.
General Reinsurance Corp
Gibraltar Fire ti Marine
10a
6.82
A Huron
New
Fire
10
City of New York—,
Continental
85 %
640
Monarch
8
1
l
^—4
5.64
shares
Tobacco
Bankers & Shippers
Boston
Franklin
——•
5.45
stock
Baltimore American
Firemen's
shares
12.37
...
Steel shares
i
8.24
8.96
—
Series
8.48
12.88
7.49
Railroad equipment
11.26
Equipment
Railroad
59 %
11.39
7.71
—
Series 1956™
;?RR Equipment shares
-
11.77
11.72
1
——2'-/
Series 1958
Railroad
56%
8.64
12.82
10.36
Machinery
N Y
6%
4%
Fire
Liberty
10.71
—
6.79
5 i Mining shares
•"/•Petroleum shares
H :i
Mfrs
&
National
10
9%
18%
41%
10.38
9.41
Low Price Shares
^»
Merch
13
xl7
38%
14.42
Institutional bond shares——
.
ll3/4
2%
12.49
9.44
8.31
Investing
•
Newark
National
13.13
General bond shares—
Industrial Machinery shares-
*
,
Fidelity 8c Casualty.S
American of
National Fire.
Diversified Speculative
6.17
Administered
82
51%
24%
13.28
8.56
Fully
483A
66%
12.09
7.56
Food shares—
,
78%
—5
22%
Diversified Investment Fund-
Railroad
7.02
—
shares-
Electrical
Massachusetts Bonding
Merchant Fire Assur—
12%
19%
63%
9.95
Building shares:
13%
18%
10
9.39
Chemical- shares——.—
r
s
12%
0
10
11.65
Steel
v
95%
37%
9%
40%
1
Casualty
25
9.05
Metals
*
Capital Corp
General Investors Trust
-
93%
Maryland
Surety
8.54
Oils
Automobile
10
20
24%
Fireman's Fd of San Fran
Fundamental Trust Shares A—2
General
Insur Co of North America
Jersey Insurance of N Y—
22%
Reserve
10.60
Insurance
29.61
49
79
.10
Alliance.
47%
75%
Automobile
Chemical
equipment
16%,
10
Re-Insurance
7.85
stock
30%
14%
20
American
11.67
-
Aflk
28%
10
Fire
6.83
11.37
Bid
0
Homestead
American
*
Electrical
27.02
Par
Home
58%
55%
15.01
Stocks Inc—
Aviation
1
64
Companies
Ask
79%
6.16
1
Automobile
Foundation Trust Shares A
27%
62
—
28%
58%
25%
com.
_
14.86
„;
England Fund
16.22
10
26 %
56%
American
New
25.79
8
Fixed Trust Shares A
Bin
American Casualty
4.28
stock
Building supply
First
Life
Aetna
15.17
Fidelity Fund Inc
•
Financial Industrial Fund, Inc.
Grande
77
75%
-10
Agricultural
24.12
1
Equity Corp $3 conv pfd.
Rio
Preferred
101%
75
:
6.04
1
.......
Fund
&
Seaboard Ry common
96
993%
& Surety new
8.23
1
Fund
Balanced
.
Aetna Casual
5.46
Agriculture
& Howard—
94
Par
7.48
series———
New York
;
1993
1st 3-4s income
Aetna
1.58
Eaton
73
Seaboard Ry 1st 4s
Income 4%s
1.63
seuies—
Stock
D
71
Denver
Preferred
4%s
Insurance
1.48
'
Dividend Shares.
79%
4.34
25o
voting shares—
Preferred stock series
Diversified Trustee Shares—
54%
105 3/4
773/4
14.57
Low
19.40
&2 %
5 % preferred ————106*
1033/4
13.32
Mutual Invest Fund Inc.....10
Industrial
1
Fund—
Delaware
24
•
26.74
—
Investors
Income
4
58
22
23%
10.79
24.87
Common
Mass
Bond
1
1
Cumulative Trust Shares—
.——.,,100
Mass Investors Trust.....—!
National Investors Corp
National Security Series—
1
Accumulative series——
Series AA mod——.
Series ACC mod
21%
Manhattan Bond Fund Inc—
(Md)
1
90
.
,
56
Common
Grande-
Rio
8c
Income
;f
Chicago Rock Island & Pacific—
2018
4%s
income
6.18
-
106%
1994
Conv
6.96
Fund
104%
2019
1st 4S
14.13
6.06
109.31
19.68
1994
Chicago Rock Island 8c Pacific—
14.92
12.84
S-2
Series
Series
34.06
54
Preferred
793/4
4.15
88
Common
Chicago Milw fit Paul & Pacific
8erles
3.55
52
Chicago Milw St Paul & Pacific
Series
63/4
Youngstown—
preferred
89%
Scries
1
•
Is t 4s
4.45
Century Shares Trust——— —•
10.60
11.47
:::i
Fund——
2,830
Securities corn- .100 2 ,730
AA
29.63
17.41
Christiana
Series
28.17
14.98
0%
&
5%
B-l
Ask
—
Canton
Common
16.19
Chemical
Commonwealth Invest
4%s series B
4.07
31.68
1
106
Stocks
Akron
Chic Indianapolis & Louisville-
'
"-'i-
104
Bid
101
Youngstown—
A
Series
104.94
America—
Inc—
Boston Fund
99
1988
8c
Ask
1988
Canton
series
13.81
Shares—....10
Basic Industry
Ask
BIO
Far
Keystone Gustr'tan Funds-
Series S-l
-——-—-—.-.I
„
4s
Ask
7.85
Bankers Nat Investing—
A Common
Akron
Bid
—
—
3s
3'As
RR
Corn
Pow
*»/..s
101'A
-
41%
Quotations For U. S. Treasury Notes
•.»
Figures after decimal point represent one or more 32ds of a point
Int. Rate
Bid
Ask
Maturity—
Dollar Price 100 Pins
%%
100
Certificates of Indebtedness—
Bid
Ask
1945—
Maturity—
Mar 15,
New York City Banks & Trust Cos.
Par
Bank of the Manhattan
Co.
Bank of New York
Bankers Trust
10
loo
47%
121 '/3
Central Hanover Bank & Trust
20
National Bank
15
Chase
Chemical Bank & Trust10
Commercial National Bank &
Trust Co
20
llOVa
Ask
29
462
Par
Fulton
100
49Guaranty Trust
Irving Trust
Kings County Trust
114
190
10O
Trust—
Grace National
Ask
200
200
343
351
17%
18%
100 1,735
1,785
25
42%
45%
10
Lawyers Trust
Trust-
10
Corn
Exchange Bank & Trust_20
Empire Trust
50
Fiduciary Trust
Bank
1%%
1945—
%%
IMar 15,
1946—
tDec
1946—
1
%
*
100:
513A
54
Manufactures Trust
€3
55%
Morgan
24%
26%
12%
41%
43%
53%
56%
National City Bank
New York Trust
25
105%
109%
89
90
Public Nat'l Bank & Trust
17%
43%
34%
Title Guarantee & Trust
12
12%
Conv
1,880
Co com—20
preferred
(J
P)
& Co
United States Trust
57%
20
Inc
50
100
290
100 1,505
,
T
•
—
~
100
100.1
100.6
100.7
t%s Apr. 1,
.0669
1945
t%s May 1, 1945
t%s June 1 1945
1%%
100.28
100.29
1%%
100.18
100.19
1947_
1%%
101.3
101.4
t%s Oct.
tSept. 15,
{Sept. 15,
1947_
1948-
l'A%
100.20
100.22
$%s Dec. 1,
1%%
101
101.1
t0.90s
15.
1,
Jan.
.0817
.0966
—
.0830
.0902
.0839
&■ .0852
.0950
V/bS Feb.
1,
t%s March
1945
.0999
.0919
.1067
.1062
1946
1946—
1,
.0962
.0884
1945
1,
.0769
I—
t%s Aug. 1, 1945
t%s Sept. 1, 1945
15,
tSept.
44%
100 1 840
1945—
tMar 15 1947
100
126 Mi
42%
Bid
323/8
Continental Bank &
National
273/4
450
io
"ioo
Brooklyn Trust
Pirn
Bid
„
15,
tDec. 15,
*Mar
.1227
.0858
.1040
.0737
1946
>.0933
60
52
a
300
46 %
13%
1,550
Odd lot «sales.
b Yield price,
c
Result of the merger,
effective Jan.
1,
1945,
of Doehler Die
Casting Co. with the W. B. Jarvis Co.
d Deferred delivery,
e Ex-interest,
f Flat price,
k Removed
to Stock Exchange,
r Canadian market,
s Cash sale—not included in range for year, x Ex-dividend,
y
Ex-rights.
•No
par
value,
tin default.
issuer.
furnished by sponsor or
tThese bonds are subject to all Federal taxes.
...
AQuotations not
v',x
V
yolume
Number 4365
161
THE COMMERCIAL & FINANCIAL CHRONICLE
1021
THE COURSE OF BANK CLEARINGS
Bank clearings this week will show
liminary figures compiled by
of the country,
based
us,
increase compared with a year ago. Pre¬
an
upon
telegraphic advices from the chief cities
indicate that for the week ended Saturday, Mar. 3, clearings for all
cities of the United States from which it is
stands
at
$11,483,548,550,
center there is
a
against
for the week follows:
mary
$9,989,458,290 for the
Our preliminary total
same
gain ifor the week ended Friday of 24,8 %,
week in 1944.
At this
Our comparative
sum¬
$
Pennsylvania—Altoona
Chester
Week Ending March 3
.
New York
1945
;
1944
%
i;
■
$5,484,503,195
Philadelphia
$4,396,312,033
+
302,304,403
171,571,824
+
922,790
—15.4
479,848
386,258
1,448,148
543,000,000
+ 18.3
1,393,573
8.5
529,000,000
1,607,650
1,936,531
514,000,000
Bcranton
1,182,782
+ 35.9
1,235,286
2,554,616
1,049,56?
2,178,124
+ 17.3
3,531,993 '
1,603,379
1,193,682
+ 34.3
1,388,200
1,473,190
3,025,600
2,269,399
l,064,55t
3,668,700
603,448,577
556,602,391
York
(10 cities)
.
...
161,200,000
+
280,334,000
235,759,000
238,434,631
229,087,398
+
201,326,492
171,657,256
7.4
1,665,927
l,476,26f
—17.5
4,229,000
5,028,204
8.4
544,405,263
529,056,541
+
+
2,449,754
2,444,913
+ 28.6
94,900,858
188,868,078
3.6
131,338,988
93,034,843
153,889,816
16,338,600
—14.9
13,848,300
1,913,075
+ 43.7
3,044,873
2,711,685
+ 12.3
1,836,507
2,563,696
2,489,906
232,067,785
228,502,741
+
1.6
218,215,945
192,966,70$
579,411,428
Youngstown.
+ 18.7
2,748,379
Cleveland
2.2
Pennsylvania—Pittsburgh.
Total
(7 cities)
4.2
133,831,007
"143,027,059
.
541,388,363
+
7.0
515,154,048
+
$6,750,694,201
$8,073,485,572
1,496,138,220
$8,233,494,986
1,913,924,758
1,755,963,304
$11,483,548,550
$9,989,458,290
Fifth
West
+ 19.6
1,482,800,785
$9,569,623,792
Virginia—Huntington
issue of next week.
We cannot furnish them
Saturday and the Saturday figures
are
today, in
District
+ 15.0
Total
In the elaborate detailed
as
much
as
statement, however, which
has to be estimated.
cases
present further below,
we
able to give the final and complete results for the week previous—the week
ended Feb. 24.
For that week there
increase of
was an
16.7%, the aggregate of clear¬
ings for the whole country having amounted to $9,724,716,892, against $8,333,901,191
same
week in 1944.
Outside of this
clearings at this center having recorded
city there
was a
it appears that
gain of 10.4%, the bank
increase of 22.5%.
an
according to the Federal Reserve Districts in which they
are
located and from this
in the New York District (including this city) the totals show
Reserve District of 8.4%.
an
In the Cleveland Reserve District the totals register an
improvement of 7.0%, in the Richmond Reserve District of 14.9%, and in the Atlanta
Reserve District of 12.3%.
The Chicago Reserve District has to its credit a gain of
6.8%, the St. Louis Reserve District of 19.3% and the Minneapolis Reserve District
of 2.3%.
In the Kansas City Reserve District the increase is 8.5%, in the Dallas
of
following
furnish
we
a summary
989,236
+ 37.5
+ 43.2
5,512,000
+ 15.6
63,796,270
1,914,026
+ 20.6
1,679,073
129,341,802
+ 11.9
131,476,058
_
1st Boston
12 cities
2d
12
York
4th Cleveland
30,614,720
+ 24.4
236,973,423
+14.9
233,122,988 .;
9,810,147
+ 41.0
7,381,514
29,733,170
Georgia—Atlanta
Augusta
Z
"
J
"JZ.~_~.~_™
Alabama—Birmingham
Mobile
7.9
34,364,361
'/■ 27,478,80
127,300,000
+ 16.1
110,900,000
Z6j95,400,00
2,600,572
+
......
2,086,094
+ 24.7
1,644,717
1,533,137
+
7.3
1,725,062
51,371,314
49,409,341
+
4.0
37,047,144
55,692,060
+
8.7
37,662,309
+
5.2
4,645,645
Z.ZZI
Mississippi—Vicksburg
4,413,922
2,114,244
9th
4,553,446
529,056,548
+ 31.5
166,563
141,743
+ 11.9
72,621,090
,.*"58,729,60$
412,269,362
(10 cities).
367,059,895
+12.3
308,535,733
Michigan—Ann Arbor
621,717
665,000
6.5
—
5,037,655
5,132,933
Lansing
3,518,452
3,252,362
+
+ 10.5
2,700,539
Indiana—Fort Wayne
South
4,188,137
2,553,810
add
2,715,203
23,658,000
+
10.8
26,174,000
3,551,603
+
1.2
+ 16.2
3,321,429
8,573,337
29,932,901
1,835,660
7,386,965
27,097,701
1,945,080
.5.6
1,744,840
12,131,104
13,899,854
—12.7
6,560,426
6,827,403
2
I:,.4,286,103
i
374,888,92(8
31,490,100
Iowa—Cedar Rapids
...
Moines
+ 38.7
—
534,247
504,029
+
6.0
467,113,997
438,692,205
+
6.5
407,719,524
1,628,990
1,430,697
+ 13.9
1,389,498
+ 11.1
4,962,652
5,964,381
5,370,158
—
3.9
1,977,039
1,881,233
+
5.1
1,655,763
+ 24.5
(17 cities).
582,777,098
y
150,700,000
+14.4
148,800,000
468,574,68(0
60,399,326
+ 29.9
57,000,000
37,325,901
+ 22.4
39,196,560
1,000,308
869,000
+ 15.1
809,000
+ 19.3
245,805,560
2.3
153,493,793
127,201,885
264,301,619
+
8.5
252,673,459
182,149,852
122,444,933
+ 26.0
110,426,229
100,597,485
480,470,561
433,045,481
+ 11.0
413,428,833
346,802,314
297,526,690
249,294,227
+19.3
il
8,333,901,191
+ 16.7
7,618,469,623
6,998,492,512
3,997,860,643
+ 10.4
3,346,564,321
3,264,214,851
Reserve District—Minneapolis—
Minnesota—Duluth
120,705,409
Dakota—Fargo
Dakota—Aberdeen.
42,299,062
2.970.096
Paul
118.160,201
43,489,621
Minneapolis
North
2,865,043
3,384,042
1.329.097
1,255,753
:+■; 6.7
-
3,310,074
1944
Inc.or
1943
Dec. %
+
2.1
+
2.8
36,331,887
—12.2
3,005,920
-j
105,112,270
797,782
827,259
3,004,711
359,333,905
294,406,521
867,138
792,076
+
4-.
..
$
1132,021,6:
;¥*2,483,8(
6.0
+
21.3
1,046,325
818,4(
+
5.3
3,639,820
l?.C3,446,3f
177,287,168
(7 cities).
+
1,140,600
4,131,679
173,236,380
+
2.3
153,493,793
1,047,497
972,26
127,201,8t
:
District—Kansas City—
252,808
227,938
3,765,643
69,166,312
3,589,426
72,304,347
698,952
2,863,091
+22.1
285,389,000
307,006,586
0.9
859,217
958,471
417,830
963,079
+ 11.8
+
343,840
384,114
835,018
-
9.3
3,862,501
2,263,609
+ 15.7
2,187,314
2,493,640
11,207,045
+16.6
12,467,202
12,691,556
5,718,655
Island—Providence
6,236,660
6.7
5,415,570
5,320,331
15,509,900
534,724
Hampshire—Manchester
11,855,500
599,282
+ 30.8
14,018,300
440,944
—10.8"
406,793,413
336,160,417
+ 21.0
2,344,312
6,337,006
187,524,102
6,520,082
3.9
6,122,793
170,015,697
+ 10.3
168,826,773
6,478,754
18.4
5,913,772
:
:/
859,872
882,455
2.6
862,891
767,114
+
10.9
654,270
276,710,092
264,301,619
+
8.5
252,673,459
Pueblo
3,195,806
J:
:
f->
-
Total (10 cities)
:
14,580,356
:
329,862,505
182,149,81
•
13,049,100
935,733'
3,578,893
Galveston
2,009,471
127,855,000
12,884,690
2,685,000
Fort
100,979,000
11,200,717
Elmira
1,206,168
63,506,497
26,475,255
5,342,824
+ 16.1
914,663
1,349,488
3.2
50,600,000
47,100,000
—
—31.1
937,701
1,129,262
—15.5
895,439
914,236
5,312,381,649
4,336,040,548
+ 22.5
3,846,874,798
3,651,933,191
-
York
11,307,628
Syracuse
Connecticut—Stamford
10,255,673
5,306,747
__
5,266,958
9,532,719
_
7,151,356
981.372
927,497
Twelfth
Federal
2,093,685
1,715,134
88,966,658
82,939,160
10,839,529
8,654,40
2,264,0(|
0.1
2,957,000
1,384,197
+ 14.8
1,066,581
932,4:
5,024,371
4,183,348
+ 34.4
4,502,776
4,092,3(
122,444,933
+ 26.0
110,426,229
2,688,200
Reserve District—San
—
100,597,4(
Seattle
Washington
90,872,694
Yakima
it
75,231,129
2,259,367
1,821,003
70,996,799
Utah—Salt
25,016,463
23,498,351
City
California—Long Beach
Pasadena
Francisco
Jose
2.7
5,816,321
5,250,907
■
i
l
+
20.8
57,133,4^5
87,629,932
+ 24.1
1,582,062
7.7
65,478,930
6.5
22,837,688
.
.1,051,626
Santa Barbara
:
Stockton..
10,174,413
4,751,127
11,322,015
—10.1
3,383,753
+ 40.4
2,555,223
Z: 47,063,241
r/,19,960,427
/ 5,379,846
I,;:.-. 3,174,072
270,134,000
Lake
San
'
■
t
65,561,702
San
4,531,543
Francisco—
Oregon—Portland-w—-—-»+»^-.+M.i.i,
9,837,665
5,954,596
2
15.0
154,216,256
(6 cities).
9,068,106
+ 33.3
2
+ 78.1
1,588,302
Wichita Falls
+ 10.3
+
3
350,246,55S
1,110,386
765,247
Jamestown
New
22,551,857
1,400,259
O
+ 26.6
+
n-
61,484,993
Buffalo
581,6<
699,8( 2
'■
Binghamton
ft 4,582,8* 5
'j
Eleventh Federal Reserve District—Dallas—
Texas—Austin
Total
—35.3
7
2,666,o: 5
123,643,4]
3,420,7<
j:
Federal Reserve District—New York-
York—Albany
3,798, if
•
45,531,09 9
:t
Colorado—Colorado Springs
Louisiana—Shreveport
cities)
2,487,284
t;
V
3,170,525
2,618,883
—
63,756,842
26.6
115,0( 6
3,539,255
4.2
850,585
City
Joseph
110,32 3
(
303,214
4.9
+
j
t:
5,289,892
Wichita
Missouri—Kansas
St.
206,365
674,460
13,071,045
Haven
+ 40.6
319,560
Lincoln
886,214
3,586,045
+ 14.5
Omana
;
3,156,629
1,076,784
220,879
$
6.6
+ 28.4
)■
1942
3.3
—
—
3,920,435
Bedford
„__L_
84,550,994
«
.
1,383,987
Helena
Kansas—Topeka
2,807,708
.
■"-■■■
2,908,4<
4,351,350
Montana—Billings
Nebraska—Fremont
24
II——
536,454
Rochester.
i
rii
•,+
3,057,608
Tenth Federal Reserve
$
Springfield
New
^
■
199,492,606
245,805,560
detailed statement showing the figures for each city for the
our
Worcester
i
(32,427,614
rt
'h/il
Ninth Federal
South
9,724,716,892
Connecticut—Hartford
New
49,379,99(2
'u
>c«'? u
»t.
Lowell
Second
|
51
-685,000
199,492,606
+
(4 cities).
"
117,000,00(0
-
Total
173,236,380
«Sf,A
Zt A
•
258,391,547
249,294,227
1,386,438
,v.
517,805,609
78,446,119
3,779,847,588
River
(12
6.8
45,680,263
308,535,733
+ 21.6
4,412,335,243
Massachusetts—Boston.
Total
+
.
3,993,726,009
367,059,895
Portland
New
545,666,189
172,400,000
Illinois—Quincy
Maine—Bangor
Rhode
"1,811,463
,
Eighth Federal Reserve District—St, Louis—
Kentucky—LouisvilleTennessee—Memphis.
154,216,256
If
First Federal Reserve
New
4,409,975
•
Missouri—St. Louis..
194,852,990
Clearings at—
New
'
<
i
Total
Hastings
:
561,980
Z1,322,011
1,724,573
461,283,458
4,507,727,873
.? 5,885,358
23,556,147
,1,395,030
.13,212,440
1,721,523
2,062,042
515,154,048
1945
4
Vv
'
233,122,988
Week Ended Feb.
Fall
j 25,465,000
! 2,250,414
13,606,889
6,407,413
450,928
Sioux City
7.0
week ended Feb. 24 for four years:
,
2,122,328
2,214,900
10,247,897
Wisconsin—Milwaukee
Total
now
{"
3,507,693
+
+12.3
3,401,128
x;
•'
3,000,632
Bend
Terre Haute
Des
1.9
8.3
—
25,545,000
Indianapolis
+ 14.9
276,710,092
II
Outside New York City
We
405,03*1
633,616
Grand Rapids
541,388,363
297,526,690
110 cities
-
258,391,547
,
Seventh Federal Reserve
District—Chicago-
236,973,423
177,287,168
6
Total
544,405,263
5,481,482,770
If
10
Francisco...
8.4
3,094,131
151,053
81,536,023
350,246,559
3,779,847,588
35,868,146
II
9
11th Dallas
329,862,505
3,993,726,009
If
7
10th Kansas City
556,602,391
21.0
+
1,399,878
28,325,000
198,588
$
+
4,507,727,873
412,269,362
If
4
Louis
Minneapolis
12th San
«•
17
—
1942
2,568,81.
ni
.
91,233,455
Louisiana—New Orleans
Total
35,128,118
148,300,000
60,545,236
Macon
Florida—Jacksonville
6,385,42
37,895,067
.
579,411,423
II
10
6th Atlanta
$
h
vbi/yZ' -v'-
13,834,768
~
Nashville
272,323,477
4$
6
1943
%
30/602,8}
194.g52.99j
Sixth Federal Reserve
District—Atlanta-
Tennessee—Knoxville
Decatur
+ 21.6
336,160,417
5,481,482,770
603,448,577
•1
7
6th Richmond
406,793,413
'
14
,
10
Philadelphia
7th Chicago
Dec.
r
38,083,775
Springfield
Inc. or
1944
$
I
■
54,750,79
r
1,642,40
102,350,78
'
272,323,477
■::--V
■■
Illinois—Bloomington
by Federal Reserve Districts:
OF BANK CLEARINGS
1945
Districts
-
—-—j
(6 cities)
Peoria
Week Ended Feb. 24—
/.v
'"''"4,772,00
4,554,000
143,612,119
Columbia—Washington
|
hi 1,I
+> «*; 734,18
Rockford
SUMMARY
Reserve
461,283,45
.
926,417
Chicago
Reserve District 26.0% and in the San Francisco Reserve District 11.0%.
In the
-
'A
69,559,639
We group the cities
expansion of 21.6%, in the Boston Reserve District of 21.0% and in the Philadelphia
8th St.
1,891,974
appear
the week
not available at time of going to press.
Accordingly, in the above the last day of the week in all
3d
14,565,300
mrso*#,: '••• '
6,523,000
Maryland—Baltimore
Complete and exact details for the week covered by the foregoing will
New
*
,-;,r
80,436,143
2,307,829
'"11111
Carolina—CharlestonZTZZZZTZ
9.0
+
1,360,611
Richmond
South
+ 17.6
d.f',
District—Richmond—!f
Virginia—Norfolk
0.9
+
Federal Reserve
_
Federal
.
-w
6.9
+
|
3,213,649
99,840,535
i
L_
i
'
3,714,076
+ 17.3
Baltimore
in the
1,372,011
+
+ 18.9
■I,
we are
*
'
128,355,441
195,583,474
13,897,400
Columbus
3.9
164,800,000
:
;i-
346,638
1,499,145
.
+ 10.7
Pittsburgh
ends
296,131
1,185,305
779,000
Cincinnati
9.8
531,000,000
Cleveland
our
0.3
+
1,712,496
589,000,000
Ohio—Canton..
178,324,854
San Francisco
in
'
+ 15.1
V
+ 11.3
583,000,000
I
420,i294
1,215,860
,
Philadelphia
Reading
Mansfield
St. Louis
v
+ 24.8
417,971,280
334,564,868
____
Kansas City
*
j
•$
Fourth Federal Reserve District—Cleveland-
465,170,473
•
1942
$
'
473,583
Lancaster
Total
•
1943
Dec. £
■
1,219,063
Bethlehem
Clearings—Returns by Telegraph
i
24
Inc.or
Third Federal Reserve District—Philadelphia—
New Jersey—Trenton
i
.
1944
Wilkes-Barre
possible to obtain weekly clearings will
be 15.0% above those for the corresponding week last year.
Week Ended Feb.
1945
237,875,000
13.6
215,361,999
206,939,000
5,439,049
3,943,840
+ 37.9
3,638,770
2,814,469
1,861,746
1,471,607
+ 26.5
1,262,185
1,007,202
*4,400,000
3,501,984
+ 25.6
3,508,556
2,278,996
—
+
+
9,573,488
'
Jersey—Montclair
,
Total
V?2
cities)
_
391,354
258,164
+
51.6
230,956
315,420
25,201,744
_
Newark
Northern New Jersey
23,087,268
+
9.2
20,007,758
23,555,287
38,192,373
5,481,482,770
36,163,736
4,507,727,873
+
5.6
+21.6
25,006,745
3,993,726,009
28,789,530
3,779,847,588
Total
(10 cities)
Grand Total (111 cities)
Outside New York
♦Estimated
480,470,561
433,045,481
+11.0
413,428,833
9,724,716,892
8,333,901,191
+16.7
7,618,469,623
6,998,492,512
4,412,335,243
3,997,860,643
+10.4
3,346,564,321
3,264,214,851
*.
346,802,314
Monday, March 5f 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1022
j".'VDate
Page
Tramway, Light & Power Co., Ltd.,
bonds———————
—Apr
1
Saguenay Power Co,, Ltd., 1st mtge. 4 ft % bonds, ser. A
and B 1__—
—Apr
1
Southern
Natural
Gas Co., .1st mtge. pipeline
3 fts,
due 1956
—Apr
1
Springfield City Water Co., 1st mtge. 4s, ser. A, due 1956 Apr 1
West Surburban Hospital Association, Class A 4% bonds,
due 1955
—
Mar 15
Windsor Gas Co., Ltd., 1st & ref 5s, due 1966
——May
1
Utah Power 6c Light Co., 1st mtge. 3%s, due 1968
Apr
1
:
246
and Issue—
Company
Rio
Foreign Exchange Rates
CERTIFIED BY FEDERAL
EXCHANGE RATES
FOREIGN
'
FEB.
23,
rate for cable transfers in the
Noon
*
•
In
■:>
Official
$
$
$
.297733*
.297733*
Mar. 1
Feb.28
.297733*
.297733*
.251247*
.251247*
.251247*
3.228000
3.228000
.060602*
.060602*
.060602*
.060002*
.060602*
.051803*
Canada, dollar—
Official
.051803*
.051803*
.051803*
.051803*
.051803*
.909090
debentures, due 1978
*.
*
•
„
1
562
Mar "7
666
563
.909090
.909090
.909090
.906875
.908125
DiGiorgio
.571400*
.571400*
.571400*
Eastern
inc. mtge. bonds due 1970-Apr
Colorado Fuel & Iron Co., 5%
.907500
4.035000
Page
761
May 1
Mar 31
Canada Steamship Lines, Ltd., 1st intge. 5s, series A—Mar 15
Carriers & General Corp., 5%
debentures, due 1950——Mar 17
Del.), 7%
.909090
.571400*
*2654'
•
764
764
1
•
July
1
566
bonds, series B————.July
Ry.—
■
Co. of Minnesota, Northern Division—
1
bonds, due 1948
Water Co., 7% preferred stock
Fruit
7%
Corp.,
preferred stock
;
Oregon Light & Power Co., ref. and first collat.
mtge. 5%
•
4.035000
4.035000
4.035000
4.035000
4.035000
.301215
.201215
.301215
.301215
.301215
.301215
.205820
.205820
,205820
.205820
.205820
1
11526
.909090
.909090
.909090
.909090
.909090
.909090
Hackensack
Mar 30
tl969
.905000
.905208
.905625
.905000
.904375
.905625
3.244203
3.244203
3.244203
3.244203
3.244203
3.244203
3.980000
3.980000
3.980000
3.980000
3.980000
preferred stock
Mar 31
Holophane Co., Inc., preference stock
Mar 15
Indiana General Service Co., 1st mtge. 3fts, due 1968
Mar 15
Iowa Electric Co., 4% serial notes due 1945 1946
—-Apr
1
$2543
669
3.980000
England, pound sterling
India (British), rupee
.205820
Mexico, peso—
Northern
Great
1st mortgage 4%
Official
Free
pound
of South Africa, pound-
New Zealand,
Uruguay, peso—
Apr
7 %
.658300*
.658300*
.658300*
.658300*
.658300*
.658300*
.541966*
Controlled—
■,
Eastern Ry.
~
Newfoundland, dollar—
Union
Apr
—
(of
.908125
v.907656
.571400*
Colombia, peso
1949
Plywood Corp., convertible preferred stock—
Beaunit Mills, Inc., S1.50 preferred stock
___
.571400*
.909090
.907500
Free
due
Armour & Co.
.060602*
;
Alleghany Corp., 3ft% secured conv.; notes, due 1954—Mar
Anacostia & Potomac River Rail Read Co., 1st mtge. 5s,
Atlas
Brazil, cruzeiroOfficial
Date
5
Company and Issue—
$
$
■
3.228000
3.228C00
3.228000
•
ENTIRE ISSUES CALLED
.297733*
.251247*
.251247*
.251247*
3.228000
•
—
————
—-
Money
Feb. 27
$
.297733*
Australia, pound!
States
United
Feb. 26
Feb. 24
Feb.23
•
York
Buying Rate for Cable Transfers In New
Value
.
mtge.
-
1945, INCLUSIVE
1945 TO MARCH 1,
Unit
Argentina, p?so—
different countries of the
RESERVE BANK TO TREASURY UNDER TARIFF ACT OF 1930
'
Country and Monetary
Bank is now cer¬
Tariff Act of 1930, the Federal Reserve
requirements of Section 522 of the
Pursuant to the
tifying daily to the Secretary of the Treasury the buying
world.
We give below a record for the week just passed:
#
Janeiro
de
5%
.541966*
.541966*
.541966*
.541966*
.541966*
Noncontrolled
•Nominal rate.
Rock Asphalt Co.,
1st mtge. 3 ft %-6ft %
>
bonds, due 1945
Mar 5
Kingston Elevator Co., Ltd., first mtge, 6s due 1950.
May 1
Kresge Foundation, 3% collat. trust notes, due 1950
Apr
9
768
•
Kentucky
464
*
671
Louisville & Nashville RR.—
1
465
1
1
465
bonds, series E, due 1971
Apr
2
1st mortgage 4% bonds, series G, due 1965_^
May 2
Miller Co., first mtge. 6fts
Mar 1
New York, Chicago & St, Louis RR.—
Ref. mtge. 5 ft%
bonds, ser. A, due 197$
^
Apr
1
Toledo, St. Louis & West. RR., 1st mtge. 4s, due 1950_Oct
1
Northern Ontario Power Co., 6% preferred stock—
Mar 31
Oklahoma Gas & Electric Co., 1st mtge. 3fts, due 1966_Mar
30
$2075
$2075
*
1st
000 in the
12 Federal
Banks Combined
Statement cf Condition of the
Reserve
thousands of dollars)
(In
Increase (+) or Decrease
Chicago District and $148,000,000 at all report¬
ing member banks.
Borrowings of weekly reporting member banks in¬
creased $47,000,000 during the week, and on Feb. 21
amounted to $281,000,000.
A summary of the assets and liabilities of reporting
member banks follows:
(- -) Since
certificates on hand and
due from U. S. Treasury
Redemption fund-—F. R. notes-.
Other cash
Mar.
Feb, 21,
Feb. 28,
Assets—
Gold
31,000
+
Increase (+) or
—
84,282
+
23,452
+
—
18,610,049
advances—.—320,776
Industrial loans——3,801
Total reserves
26,721
182
—
—1,284,319
283,666
+
6,118
—
Certificates——.
Notes
Bonds
5,483,335
2,220,900
665,021
+
5,980
1,132,072
——
—
213,982
+
+
+
11,830,386
4,917,140
1,559,721
—
.—
Loans—total
Commercial,
$
industrial,
-170
+
5,486
-201
+
23
agricultural
and
6,313
—
brokers
to
58,753
and
dealers
for
56
-
99
—
pur¬
chasing or carrying:
967
obligations
Other securities
730
—
70
—
45
—
142
—
127
+
Other loans for purchasing or carrying:
U. S. Government
Total U. S. Govt, securities
+
19,439,319
'
(incl. guar, sec.)
208,002
+7,814,857
Total loans and securities—„
—.
banks
F. R. notes of other
Uncollected items
+
234,541
+
19,763,896
116
73,858
1,884,559
"942
99,101
—
34,397
Other assets
;
61
—
66,730
Bank premises——.
+
8,092,405
—
+
1,959
20
—
G59
912
—
158,076
+
625
—
3,040
—
—,
Loans to banks
J.
Other loans
368
71
22,105
__a
40,433,605
+
161,732
+6,961,818
22,162,307
+
97,147
+4,823,362
Liabilities—
Federal Reserve notes
Deposits:
Member bank—reserve acct,_
-
+ 229,225
14,228,453
U. S. Treasurer—gen. acct—
Foreign
460,184
—
56,387
1,191,796
—
99,396
Other
389,096
„
availability items
16,269,529
-
Totpl deposits—
Deferred
1,490,518
Other liabs., incl. accrd. divs.__.
—
8,609
+
1,848,717
320,129
382,680
8,200
+
149,030
81,642
+
1,935,196
19,266
+
134,681
199
+
2,536
+
+
+
—
—
39,930,963
+
159,324
166,507
+
292
+6,895,775
Burplus (Section 13b)
Other capital accounts
27,165
+
to
make
2" 116
+
15,590
.40,433,605
+
161,732
+
13
21
+
+
+
8,916
—148
4,735
+
50
Domestic banks
1,628
—1,402
583
+
5
+
120
271
Borrowings
+
47
+
220
deposit accounts 'except
U.
and
Gov't
S.
accounts,
48.4%
.2%
—
—
165*
+
—
6,761
The condition statement of
weekly reporting member
banks of the Federal Reserve System in 101
leading
shows
the
following
principal
changes
for
the
Feb. 21:
and
$538,000,000
and
an
Decreases of $201,000,000 in loans
in United States Government deposits,
increase of $355,000,000 in demand deposits ad¬
justed.
'
|
'
■
Commercial, industrial, and agricultural loans declined
$32,000,000
in
purchasing
or
New York City and $56,000,000 at all re¬
porting member banks. Loans to brokers and dealers for
carrying United States Government obli¬
gations declined $70,000,000 and for purchasing or carry¬
ing other securities $45,000,000, both largely in New
York
Government bonds
increased $40,000,000.
Demand
deposits adjusted increased $225,000,000 in
New York City, $66,000,000 in the
Chicago District, $37,000,000 in the Dallas District, $35,000,000 in the Cleve¬
total
ment
774
708
775
District, and $355,000,000 at all reporting member
Time deposits increased in all districts and the
increase
was
$50,000,000.
United
States
Govern¬
deposits declined in all districts.
preferred
be found
and
in"
♦Announcement
$In Volume
this issue.
160.
DIVIDENDS
grouped in two separate tables.
In the
first we bring together all the dividends announced the
current week.
Then we follow with a second table in
which we show the dividends previously announced, but
are
paid.
*
Further details and rec¬
past dividend payments in many cases are given
under the company name in our "General Corporation
and Investment News Department" in the week when
ord of
week are:
Share
of Company
Laboratories,
40c
(quar.)
1
common
15c
4% preferred (quar.)
$1
Aero Supply Mfg..Co., Inc., class A (quar.)37ftc
Extra
list of corporate bonds, notes,
a
common
those
called
ing tenders, and the
which the details
called
stocks
sinking
under
—
Aeronautical
redemption,
Aetna
provisions.
for
Aetna
fund
number gives the location in
page
were
given in the "Chronicle."
NOTICES
TENDER
OF
Date
Page.
Mar 14
762
Mar 26
51
Company and Issue—
Aroostook
due
Valley
1st
RR.,
&
ref.
mtge.
1961
Ift %
bonds,
—
1st mtge. 6s, dated 1923
Chesebrough Building Co.,
,+
.
*
*,
Investors & Traders, Inc., capital stock
—Mar 15
Leeds & Lippincott Co., 3ft % bonds
:
;
-Apr
7
Lehigh & New England RR. gen. mtge. bonds
Mar 14
Omaha & Council Bluffs Street Ry., 1st consol. mtge.
gold bonds, dated 1902,._
——Apr
7
Traylor Engineering & Mfg. Co. preferred stock—
Mar 23
Electric Rys.
Co.—
Gen.
& ref. mtge.,
|5% bonds, series A, due 1951
Gen.
&
United
ref.
mtge., 4%
880
*
*
*
*
-
Mar
Mar
bonds, series B, due 1951
7
*
7
*
REDEMPTION
15c
(irregular)
Inc.
Products,
62ftc
Casualty & Surety Co. (initial)
Life Insurance Co.
(quar.)
30c
20c
Alabama Mills, inc.
Frank-Guenther
Albert
Inc.,
Law,
15c
15c
class A—
'.
Class B
—
22ftc
40c
6% preferred (accum.)_
Allegheny Ludlum Steel Corp. (increased)__
Allen Electric & Equipment Co. (quar.)
Allied Chemical & Dye Corp. (quar.)
Allied Products Corp., common
(quar.)Class
Consolidated Cement Corp., 1st nitge. 6s, due J 950—
Feb 20
Great Northern Ry. gen. mtge. bonds, ser. B, C, D, arid E_Mar 14
A
Aluminum
5%
(quar.)
Co.
of Canada,
-$$1.25
American
Bank. Note
preferred
5c
30c
20c
75c
50c
25c
pfd. (quar.)™
Chemical Co._
American Agricultural
Co.,
common___
(quar.)
Acadia
Date
Page
Refining Co., Ltd.—
1st mortgage 4ft %, due 1955Apr
1
Cleveland Union Terminals Co., 1st mtge. 5 fts, series A-Apr
.1
Collins & Aikmain Corp!, convertible preferred stock—-May 10
Convent Mary Reparatrix,' 1st ref. mtge. serial bonds—Mar
1
Davenport Hosiery Mills, Inc., 7% cum. conv. pfd. stk._Apr
1
Duluth, Missabe & Iron Range Ry., 1st nitge. 3 fts,
:!!'';V:due..1962Apr;.,< 1
Goodrich (B. F.) Co., 1st mtge. 4ft % bonds, due 1956—Mar 15
Great Northern Power Co., 1st mtge. 5s, due 1950_—Mar 12
Helvetia Coal Mining Co., 1st mtgei'Jjs.'due 1958
Apr
1
Litchfield & Madison Ry.', 1st mtge. 5s, due 1959_—.1
May 1
Lehigh Coal & Navigation Co., 4% fund. & improve.
Sugar
j
...
665
mtge.
;
,♦
*
*
4- 2
3-13
25c
$1.75
3-30
3-31
40c
$1.12ft
Service Co., $3 pfd. (participating)
.843
Stamping Co
—-—12ftc
-4-2
4-14
7- 1
3-31
3-20
3-16
3-15
6-1
3-17
4- 2
3-15
3-31 ;
3-10
com.
(increased)-
Inc
——»
pfd. (quar.)
Quarterly
1st
preferred
(accum.)
Tobacco, 6% preferred (quar.)—
American Type Founders, Inc.-—_
883
American Wringer Co.,
mortgage
27/a%
Rapid
1912
England
bonds, due
Transit Co.,
—
Treatres, Inc.—
due 1958™
mortgage bonds,
'
Co.—
1961
50-yr.
—
5-6%
Apr
1
Mills,
7%
*
pfd.
.
3- 1
2-20
$1.50
50c
15c
50c
.37ftc
" 15c
4-'2
3-20
4- 2
3-26
3-14
4-12
3-10
Inc.
$1.25
3-?l
3-23
(irregular)—,™
Mar
1
Mar 26
Anchor
Copper Mining Co
Duck Mills (quar.)____—-—
Hocking Glass Corp., common
Anaconda
:
,
»
9.19
$5
preferred
$1.50
(quar.) —$1.75
American
Anchor
bonds,
30c
—
Corp.—
American Tissue
Gas
3-10
(Indianapolis)
—
American Superpower
211
Natural
'
Co. (quar.)—
——•
Rolling Mill Co., 4ft% pfd. (quar.)
American States Insurance Co.
$6
3-12
35c
Co.,
Metals,
672
-
4-1
3-17
3-16
3-12
(quar.$1.75
Machine &
Department Stores Corp., 6% pfd. stock—,.—Mar 15
Barb Wire Co., 1st mtge. 5fts, due 1945—Mar
5
Philadelphia
dated
American
5- 1
4-1
3-30
4- 1
4- 1
3-30
3-15
3-15
3- 3
3-14*
3-13
American Maize Products Co., 7%
American
3- 1
3- 9
3-20
3- 9
3-10
3-10
3-23
3- 1
preferred
American
3-15
3-31
4- 2
3-20
4- 1
4- 1
2-10
3-1
Securities Co.—
American Locomotive
767
3-1
4- 2
3-14
4-2
4-2
12ftc
(quar.)
preferred
767
3-15
3-3
3-31
3-13
preferred
(quar.)———™™—
$1.50
American Export Lines, Inc
—
50c
American Felt Co.. 6% preferred
(quar.)™
$1.50
American-Hawaiian Steamship Co.™—75c
American Home Products Corp. (monthly)—
20c
7%
2-13
3- 3
3-31
American European
American
2-28
4- 2
4-2
3- 3
3-15
3-15
4-2
4-2
*
Oklahoma
1st
*
*
3- 8
4- 2
3-16
20c
25c
American Optical
Northwestern
1st
.
of Rec.
3- 8
$1.50
Corp.
1
bonds
National
July
4
667
,.
3-31
3-31
4-16
4- 2
Holders
3-16
3- 2
3-15
3- 2
3-5
3-5
(irregular)
American Cigarette & Cigar Co., common..
6%
preferred (quar.)—
American Colortype Co.
(increased)——
American Cyanamid Co., common (quar.)—
American Bosch
5%
When
Payable
Ltd.—
preferred
(quar.)
Amalgamated Sugar Co.,/ 5%
6%
2ftc
$1.50
50c
43%c
...
Company and Issue—
Poli-New
Deposits credited to domestic banks declined $78,000,-
Apr
—
-—
Electric Co.,
United Towns
Per
,
was
Holdings of Treasury certificates of in¬
declined $65,000,000.
Holdings of Treasury
n^nnincr.eas^d $77'000>0°0
New York City and $82,-'
?? *'? .? Jl
1 reP°rtinS member banks. Holdings of
united States
banks.
608
■
due
-
PARTIAL
,y; JSf a11 reP°rtin§ member banks the net decrease
land
1
ser. A, due 1953-Apr 16
Ltd., 1st mtge. 5s due 1958_Mar 5
Wabash RR., 1st mtge. 4s, series A, due 1571
Apr
1
1949
1st mtge. 5fts;
Tri-Cdntinental Corp., 5% conv. debs.,
$6
only $3,000,000.
debtedness
773
bonds due 1972
Wells-Titusville Corp.,
Name
Notices
City.
Holdings of Treasury bills declined $60,000,000 in the
Chicago District and increased $59,000,000 in New York
C
5
trust 4%
mtge. & collat.
Struthers
,
Condition Statement of Member Banks
ended
—Mar
1st
Struthers Wells Corp.—
The dividends announced this
The date indicates the redemption or last date for mak¬
cities
607
*
Abbott
including
week
1
Co.,
Service Co.—
Industrial and Miscellaneous Companies
Below will
3,547
figure revised.
*
773
1
Redemption Balls and Sinking Fund
14.4%
indus¬
*
*"
772
declared.
15,224
;
•
*
July
5% bonds, due 1957—
1st mtge. 5 fts, due
Power
Public
which have not yet been
+
940
Foreign banks
212*
14
+ 355
+
*
572
1960—May
Utah
5
+
—538
demand
1st lien & ref. mtge.
Southern
Dividends
7,955
571
Carolina Power Co.—
1,120
+
43
11,117
deposits
Interbank deposits:
to
1
1
Republic Bldg. Corp., 1st mtge. income bonds due 1949—Mar 1
Rolland Paper Co., Ltd., 1st mtge. bonds, series A
Apr
3
Savannah Gas Co., 1st mtge. 3%s, due 1966-——
Mar 31
Serial notes, due 1946-1951, incl———-1—————Mar 31
Sehiff Co., 5 ft %
cumulative preferred stock
Maris
Shawinigan Water & Power Co., 1st mtge. and collat.
trust 4fts, due 1967
Apr
1
Simpsons, Ltd., 6ft % preference stock
Mar 15
313
313
113
24
—
—
465
—1,400
8
+
3,545
Apr
Pennsylvania RR., 40-yr. 4ft: % deb. bonds, due 1970—-Apr
Portland RR., 1st consol. mtge. 3 fts, due 1951.1—July
3,492
+
40
6,961,818
trial loans
■"Feb.
+
82
959
Apr
Apr
mortgage 4%
200
+
P. R. note liabilities combined
Commitments
+
10
36,637
deposits—.
to deposit &
res.
+
+
352
U. S. Government
interbank
1st
40,056
80,817
.
Total liabilities & cap. accts—
65
10,197
+
228,153
+
—1,246
Liabilities-
during week
Capital AccountsCapital paid in
Surplus (Section 7)
57
3
—
2,136
*
Demand deposits-adjusted
Time
mtge, 5% bonds, ser. B, due 2003_
mtge. 4%% bonds, ser. C, due 2003
mtge. 4% bonds, ser. D, due 2003
Metropolitan Edison Co.—
1
3
2,955
tAtx-
Balances with domestic banks—
13
—
Reserve with Federal Reserve Banks.——9,440
Cash in vault
565
Debits
Total liabilities
Ratio of total
Other securities
45
—
2,443
10,036
9,169
U. S. bonds
50
3
—
1,285
Treasury bills
I
Treasury certificates of indebtedness—
Treasury notes
■
74
20
+
—
—
-
31
—
1,047
Obligations guaranteed by U. S. Government
Total assets.
ref.
&
Southwestern
obligations—
Other securities
Real estate loans
Due from foreign banks
1st
South
U. S. Government
554,399
—
1944
$
11,693
Loans and investments—total
Loans
Feb. 23,
1945
$
loans
U.S. Govt, securities:
Feb. 14,
1945
378,668
+
2,285
Feb. 21,
-
Assets—
Discounts and
Bills
Decrease (—) Since
—1,578,705
5,263
—
—
264,374
of dollars)
(In millions
1,
1944
1945
1945
17,724,865
620,810
ref.
&
1st & ref.
(qugr.)™--———
:—.
:
3- 9
3-15
3- 6
3-1
4- 5
Al
Volume
Number 4365
161
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
preferred
Arnold
Corp.,
3-20
Cutler-Hammer,
$1.75
4- 2
David & Frere, Ltd., class A
12'Ac
3-28
(quar.$20c
3-31
3-20
3-14
3- 5
Corp
Ltd.
Refining (quar.)
4'A,% pfd. (quar.)—
Atlantic Refining Co., 4%
preferred (quar.).
Automobile Insur. Co. (Hartford, Conn.)—
Quarterly
Axelson Manufacturing Co. (quar.)
Baldwin Co., 6% pfd. ser. A (quar.)—
Gas
Bankers
Life
Insur.
Co.
of
Semi-annual
Barber
Y.)
Class
B
Beaunit
Beech
Inc.,
RR.
Black
Loan
A
1
&
Bohn
Decker
(Milton)
5'A%
Co.,
Brass,
Brass
Brooke
(E.
& G.)
&
Distillers
Sharpe Mfg.
Wheel
Caldwell
5'A7c
Calumet
Electric
Ink
Canners,
Ltd.,
Canadian
Corp.,
Co.,
1
4-10
5-
1
4-10
Federal
Motor
3-
Fenton
United
Ltd.
3-22
4-
2
3-22
4-
3
3-14
3-15
3-
3-31
3-15
3-31
3-10
Cleaning & Dyeing Co. (quar.)
4-
3-31
8-15
3-10
3-
3-
3-26
3-12
Avenue
Inc.
Coach
of
Co.
Co.
Gas
6%" pfd.
Pennsylvania
Extra
(quar.)
—
preferred
preferred
3-15
77o
3-15
2-28
Food
Foote-Bui't
——
Ltd., 7%
Fitzimmons Stores,
3-31
pfd. (quar.)*—
(quar.)
2
3-10
2
3-10
Foster
&
4-
2
3-10
Foster
Wheeler
4-
2
3-10
Fostoria
4-
4-
2
3-17
4-
2
3-17
$2
$3
17'Ac
6-1
9-1
Klelser Co.,
67c
Corp.
Steel
Pressed
Co.
(Canada)
3-15
3-
(quar.)
(quar.)
—
4-
1
3-15
4-
1
3-15
3-12
4-20
3-
$35c
2V2C
3-
3-15
3-5
$1
3-15
4-25
3-15
3-31
3-31
3-
.preferred
conv.
Storage
Maine
Co.
Power
preferred
General
Electric
General
Mills
2-28
2
Co.
3-9
General Railway
(quar.)
Refractories Co.
4-
2
3-9
General
Reinsurance
3-20
3-
2-28
Glen
3-15
Globe
4- 2
3-20
3-
6
Gold
3-20
3-
6
Golden
4-
2
25c
3-
9
1
3-13
33-
State
3-
5
3-31
3-16
(B.
(quar.)
•
5%
Class A preferred
3-26
3-16
Great Eastern
4*
3-23
3-15
2
3-15
4-
2
3-15
$5c
4-16
3-31
4-16
3-31
3-10
2-28
7%
50c
3-30
Consolidated
New
(irregular)—
Commonwealth Life Insurance Co. (Kentucky)
Quarterly
of
Greene
3-
Greening
3-10*
4-
2
3-14
3-15
2-28
Continental
Motors
Continental
Oil
5-
1
3-30
4-
2
3-15
Hall
4-
2
3-15
Halle Bros. Co.,
4-
2
3-15
Haloid
4-
2
3-17.
Corp.
(Del.)
Co.—
(increased)-(increased)—.
(quar.I
Co.
-
Crucible Steel Co. of
preferred
pfd. (quar.)
(W.
Corp.
(quar. i_
—*
(quar.)
pfd.
(accum.)—
(quar.)
$2.40
Co.
iquar.)
Co.
2-28
3-13
3-
3
Hearst
9
Consolidated
preferred A
20c
3-30
3-
40c
3-29
3- 5
Hein-Werner
Helme
$1.62,/2
4-
2
3-15
4-
2
3-15
3-26
3-10
25c
17c
Parts
Co.,
4- 2
3-20
3-29
3-
7
3-
8
$1.25
$1.50
$1.25
3-15
3-24
4- 2
4-2
4- 2
5- 1
50c
3-20
40c
62'Ac
3-13
3-15
3-15
3-
5
4-3"*
3-
5
4-3
3-
5
4-
3
3-
5
$1.37'/2
4-
1
3-10
4-
2
3-
1
$1.25
3-
1
2-26
3-
1
2-26
3-15
3-
2
3-17
$1.75
4- 1
4- 1
3-30
3-10
$1.50
4- 2
4-14
3-15
3-21
3-
9
3-21
3-
9
$62c
$62Vic
62Vic
2Vic
3-17
3-31
4- 2
3-15
4- 2
3-15
2-28
3-15
4-10
3-21
3-31
3-15
30c
3-
1
2-17
$1.50
4-
1-:
$1.75
A- 4-
3-14
Hinde & Dauch
3-14
Hollander
25c
4-
2
3-13
Hollinger Consolidated
3-31
3-16
Hollingsworth & Whitney Co
Paper Co. of Canada
&
Sons,
Inc
Gold
Quarterly
:
(quar.)_„___„_
(quar.)__
Corp,
Lamson
Machine
Justrite
Manufacturing
3-
1
$6
—
3-15
3- 5
3-
3
3-
3
3-
9
1
$1.50
Drug Co., $4.50 preferred (quar.)
Keystone Custodian Fund, series S-l (s-ad
Series
B-4
4-
2
3-14
$1.12'/2
Katz
4-
1
3-lfc
50c
Kidde
(s-a)
(Walter)
&
Inc.
3-15
2-28"
35c
(irreg.)
3-15
2-28
25c
V
Co.,
4-"
3-10
$2
2,
3-10
2.-28
37 '/2c
4-
3-12
12 %c
4-2
$1,121/2
4-, 2
3-12
$1.50
3-15
3-
Extra
4V2%
preferred
(quar.);
•
)
2
3-12
2
$2c
Kleinert
(I.
Kobacker
Koppers
B.)
Stores,
Co.,
4%%
Rubber Co.
Inc
preferred
(John A.)
1
3-15
3-10
4-
2
3-13
$1.18%
Ltd.
(interim)
4-
2
3-13
$5c
_.
6-1
4-30
'
Sons
(increased
Extra
$25c
& Dye
2
3-10
4-, 2
>>3-10
$1
Works (resuir
4-
$30c
qu
....
Lanett Bleachery
Le Roi Co
3-
25C
(quar.)
&
3-30
3-12
40c
common
Lamaque Gold Mines,
Lang
4-30,
25c
(irreg.)...
3-14
./ 2-26
25C
...
3-17
3-
3
Liberty Aircraft Products Corp.—
$1.25
convertible
(quar.)*
preferred
31'Ac
4-
$1.75
4- 2
Liggett & Myers Tobacco Co., 7% pfd. (quar.)
Lima
Locomotive
Works____.
2.
50c
Lindsay Light & Chemical, 17c
Lord & Taylor (quar.)
pid.
3-27
17 >/2c
(quar.)
3-15
,
3-13
.
'
3-j.9
4-
$2
——
•
3-13
u
2
.
10c
3-15
40c
4-j 6
12V4c
3-20
$3.25
4-
$1.25
Massey-Harris Co., Ltd., $1.25 conv. pfd. (s-a)
Mastic Asphalt Corp. (quar.)_
1%
Alkali
preferred
Works,
McColl-Frontenac
McGraw-Hill
McKesson
$4
&
Oil
Co.,
Merchants
Class
2
3-31-
$1.50
3-31
$62 '/2C
3-15
3-15
3-12
3-15
A 3-15
-
3-
Ltd.
(irreg.)
87o
3-31
3-13
3-31
:
2-28
Refrigerating Co,,
3-13
3-
35c
3-15
a>v $1
ioc
^
—
'4-15
3-;P
.a; 4- A
3-31
3-K
3-12
3-
12>ac
common
12'Ac
Hat
Corp., common
preferred (quar.)
(quar.)
3-1
2-2(.
3
$1.18%
3-
i
2-2.
60c
4-
2
3-2C
50c
4-
2
Mining
•25c
(quar.)_
572.7c
preferred
Modine
A;3- .1
3-10
3-
5*
r
4-
1
3-20
4-
2
3-20
$$1.37'A
(quar.)
4-
2
3-20
50C
3-20
50c
3-
50c
4-14
3-24
20c
3-
9
3-
62'Ac
4-
2
Co
Mojud Hosiery Co., Inc., common—
5%
preferred (quar.)_
Monongahela Valley Water Co.—
7% preferred (accum.)———.
convertible
3-15
3-10
2-28
i
1
3-15
$1.75
preferred (quar.)
pfd. (quar.)
Co., 4%% pfd. (quar.)
Murray Corp. of America——..i
4-16
$48c
4-16
'3-15
25c
Telegraph Co. (quar.)___!
a:
Moore-McCortnack Lines, Inc., com. (quar.)_
3-15
9
1
Montreal
$2.50
3-15
35c
3-
2-2'
$30c
Mohawk Carpet
Rubber
3-1'
1
$1.22'A
(quar.)
(quar.)
Manufacturing Co.
Mills, Inc
(
3-
25c
(quar.)
3-
3-2C
3-21
3-15
$1.75
& Manufacturing Co
common
.
.
'
^————.
Containers, Ltd.,
2-2(a
4-
25c
Midwest
Mobile Gas Service Corp., 4.90% pfd.
v.
1
1
j
Piping & Supply Co., Inc
Milwaukee Gas Light Co., 7% pid.
'Minneapolis Brewing Co
1
4-
4-
'■
$1.62'/a
Michigan Consol. Gas Co., 4%% pfd. (quar.)
Mickclberry's Food Products Co.—
$2.40 preferred (quar.)
Midvale Company
3-
97'ac
3-22
>3-14
4-
2
Mutual Chemical Co. of America—
3-31
$1.75
4-2
4- 2
50c
3-9
3-
5
6%
preferred
(quar.).
4- 2
3-
1
6%
preferred
(quar.)
6%
preferred
(quar.)
67o
preferred
62'Ac
(quar.)
5-1G
2-28
3-
8
3-19
3-
9
9
4- 2
3-
3-20
3-10
60c
20c
4-16
4-
4- 2
3-15
3-15
3-
$1.75
30c
4-16
3-26
3-29
9
5
3-12
3-
1
43%c
3-15
3-20
3-10
4/2
3-10
4-
2
3-10
3-24
3-13
$25c
4- 2
3-
2
25c
3-15
3-
8
Mines, Ltd.—
+10c
3-31
3- 3
50c
3-12
3-
2
3-22
25c
4-24
::J 4-12
—
$1.50
3-28
$1.50
6-28
6-21
$1.50
9-28
>9-20
$1.50
Corporation
—
12-28
12-20
50c
3-28
.
3-12
A3- f
$50c
Neiman-Marcus
5%
preferred
f
2
3-
f
4-14
3-2"
25c
3-15
2-2"
12'ac
3-31
3-
5-
4-lf
$1.50
1
f
15c
3-22
25c
3-29
3-1"
4-
5
3-1r
4-
2
3-1"
$1
$2
r
3-
f
$25c
(quar.)
(gccum.).
—
4-15
3-1"
75c
3-14
3-
35c
4-
2
3-ir
$1
3-31
3-2r
$1.37'A
3-31
3-20
3-31
3-20
1
4-ir
$1.50
75c
—
preferred
(quar.)—*
3-
4-
25c
(quar.)—
Co., 5%
2
$44c
!—
National Sugar Refining Co
National Supply Co., $2 preferred
prior preferred
4-
'
(quar.)
National Steel Car, Ltd. (quar.t
National Steel Corp.
(quar.)
5Va%
3-lf
■
3-22
3-27
(quar.)
6% preferred class B (quar.)
—
National Malleable & Steel
Castings Co..
National Oil Products Co
L
National Pole & Treating (irregular)
6% prior preferred
Naugatuck Water Co
3-15
25c
——
pfd.
4-
12'Ac
———
National Cash Register Co. (quar.)_
—
National Casualty Co.
(Detroit)
(quar.)
National Lead Co., common
(quar.)
Refining, 8%.
3-23
'3-17
■
2
—
Nash-Kelvinator Corp.
,
National Breweries, Ltd., common
17c preferred (quar.)—
National
2
3-29
$1.18%
Myers (F. E.) & Bro. Co.^_
Nachman
4-
$1.25
Murphy (G. C.)
(quar.)_.
,
.
I
3-12
$1
pfd. (quar.)
Meyer (H. H.) Packing Co., g'/2 pfd. (quar.)
Miami Copper Co
f
3-1
25c
Metropolitan Edison, 3.90%
Minnesota
1
3-13
:
20c
(quar.)
com.
A
Mcrrimac
5
3-
3-17
$1.75
$250
<quar.)__
Mengel Co. (quar,)—
•"
2
4-
3-31
5
3-15
3-21
4-
25c
3
•
Publishing Co
Robbins, inc.,
preferred
'V
$1.75
IOC
1
3-14
33-
1
$1.50
common—
(quar.)
3,
'
4-10
Marion-Reserve Power Co., $5 pfd. (quar.)_
Marion Water Co., 17c preferred (quar.)_
Marshall Field
Co., 6% pfd. (quar.-)—'.
67c second series (quar.)
:
Mathieson
'
,
3-15
50c
25c
(quar.)
Motor Finance Cot p., $5
50c
(quar.)
2c
City Power & Light Co.—
preferred B (quar.)
4-16
3-30
3-29
4- 2
3-12
:
Kansas
$$1.75
$50
$1.50
25c
3-j
25c
Co._
3- 5
6- 1
3-13
3-10
3-12
50c
Co.
(irreg.)
(quar.)______
;
Joseph & Feiss Co.
3-10
,
•
1
7
50c
...............
4- 2
$1.75
—
3-24
&
Mohawk
3-31
$1
;
3-24
Jones
Modern
20c
——
Co..
preferred
preferred
7%
'
3-15
^
Corp.—..
50c
(A.)
——
common—
25c
$1.25
3-20
4- 2
Publications, Inc.—
(quar.)L^
Powder
(quar.)—
(accum.)
Motor
W.)
preferred
Hercules
9
25c
preferred (quar.)
conv.
3-15
(Geo.
3-
25c
(quar.)
10c
17c
3-15
15c
Printing
30c
America—
(quar.)
—
—
F.)
Co..
9*
34%c
Harrisburg Gas Co., 17c preferred
Harrisburg Steel Corp.—
$1.75
_
Publishing
Corp.
__
.——
(quar.)
Special
Hamilton Watch
Fibre
—
Crown-Zellerbach
Oil
9
3-
Co.—
(quar.)
Corp
(Bait.), 6%
67c
Johns-Manville
$15c
(quar.)
Co
Ltd.
Oil
$1
Continental Telephone Co., 6'A %
17c
preferred (quar.)__
Company
1
Realty
62'Ac
(quar.)
3-5
4--3
xl'a %
Jersey Central Power & Light Co.—
5'/2% preferred (quar.)
40c
preferred (quar.)_
Corp.
No.
$1.12,/2
(Reading, Pa.) (irreg.)
Co.
Group
3-
25c
preferred
Gulf
Consolidation Coal Co.—
preferred
Copper
57o
$25c
(accum.)
common
Wire Co.,
90c
preferred B
preferred C (quar.)
Diamond
(B.)
Grinnell
4-25
4- 1
(White
(quai.)^.^-,.,,*,-——
Cananea
Guilford
(Bait.)—
I
(quar.)
3-
4-> 3'i
xl'a %
3-10
2
Ltd.—
Griesedieck Western Brewery
5Vi%
Co.
—
Ltd.—
participating pfd.
$1.25
Consolidated Gas, Elec. Lt. & Pow.
2-28
4-'2
xl%%
4-
Paper Co.,
preferred
3- 9
15c
Insurance
Western Sugar,
Great
1
.
—_—
—
Inc
(s-a)
class A participating
3-30
York, Inc.—
preferred (quar.)
Gas Co.
$2
4-
9
Fire
Y.)
$2 class B
6c
Corp
3-15
17c
preference B (quar.)
preference C (quar.)
preference D (quar.)
5%
5
10c
(quar.)
Industries,
Great Lakes Power Co..
50c
iquar.)
$1.06'A
Trust
Co.
2
4-
25c
common
N.
Great Lakes
4-
75c
Co
%
17c
3-
3
20c
Valley Brewing Co.—
Plains,
25c
Co.
4'/z%
Grand
Great American
$10c
Co.,
(quar.)
3-16
3-14
75c
(quar.)
Edison
3-31
3-24
50c
(quar.)_
37'/2c
x$1.75
3-15
50c
——
17c
1
$1.25
Gordon
25c
2
2-15
(quar.)_
com.
5-
30c
.-
^—.—
preferred (quar.)
Oil Co.? class B__
Graham-Paige Motors Corp.—
3
3-15
3-16
3-24
1
15C
Public Service, Ltd.,
preferred A (quar.)
3-
5c
—
Telegraph (quar.)_
Co., Ltd. (irreg.U—;—
F.) Co., common
57c
3
3-13
$1.75
Commonwealth Investment
conv.
Stock
&
Common
2-28
50c
2
)
Jamaica
3-
3-
$1
$5 preferred
(quar.)
Goodyear Tire & Rubber Co. of Canada—
3-15
3-
4-
4-14
3-
35c
3^15
3-15
25c
5
30c
Investment
Co
3-
3-15
3-15
4- 2
"$2.50
_
(accum.)—
Tubes
Godchaux Sugars. Inc.,
Goodrich
(quar.)
Credit
—~
3-15
35c
(quar.)
preferred
(quar.)
class A (quar.)
$7 preferred vtquar.)—
*—
Goebel Brewing Co; (quar.)!
;
$1.25
3-15*
2
Margay Oil Corp.
Insurance Co.—
2-26
25c
Bookbinding
preferred
(increased)—..
preferred
preferred
Steel
20c
preferred
Co.
$1.75
common
common
;
—
(quar.),—
3-15
$1.25
Ltd.,
(quar.)
$1
Baking Co., common
participating preferred (quar.t
Participating
Crowell-Collier
2nd
2nd
Globe
Y.)
30c
Columbia
Consumers
Coal
& Rutgers Fire
$5
3-20
3-21
<N.
pfd.
$5
(quar.),
Razor, $5
Safety
Alden
57c
3-20
4- 2
3-31
RR.—
:
Continental
preferred
3-15
Corp.
20c
_
ClorOx Chemical Co., new- com. (initial quar.)
Cluett Peabody & Co., Inc., com. (interim)—
conv.
67c
3
—
.
Georgia Power Co.,
4-
1
2
1
50c
preferred
$2.50
4-10
3-30
44-
1
3-15
9
50c
45c
3-
1
25c
Telephone Corp., common
preferred (quar.)_
1
Co.
3-
3-
20c
common
6%
General
5-
3-
'
(quar.)
Co
3-31
4- 2
3-31
3-15
$1.50
Co.,
3-9
3-9
3-31
2
Louisiana Land & Exploration Co. (quar.)
Macy (R. H.) Co., Inc
Magma Copper Co. (reduced)
Mangel Stores Corp., $5 pfd. (accum.)
Mapes Consolidated Mfg. Co. (quar.)
25c
Corp
2
$1.25
—
Co
Alcohols,
Equipment
Signal
1
40c
$1.25
quar.)
(quar.*
2
50c
(quar.)_
(quar.)
(quar.)
preferred
(increased
preferred
Precision
5
25c
(quar.)
Co.
57c
General
35c
pfd.
—
$$1.25
$$1.37
25c
68% c
l'Ac
Corp.
2-23
Gillette
Molybdenum
Common
1
4-
27c
Graphite Bronze Co.,
Commercial
3-
3-20
2
(quar.)—
Co
4-
$1.04
5% preferred class A (quar.)
Cincinnati Street Railway Co.__
Clayton & Lambert Mfg. Co. (increased)
Commercial
3-15
4-
$3c
(quar.)
*,
Commercial
Candy
15c
Rivet & Machine Co
South Shore & South Bend
Quarterly
1
Chicago Towel Co., common
$7 preference <quar.t___
Cincinnati Gas & Electric Co.—
Commercial
General
4-
$1.25
Daily News, Inc., 57c
Flexible Shaft Co
Extra
2-12
General
Inc
Quarries
Box
3-
3
Corp.—
Valve Manufacturing
Cleveland
3-
1
——_——
—
$1.75
(quar.)
preferred
(quar.)
$1.50
Gold Mines, Ltd. (quar.)A_
Vermont Public Service Corp.—
Cleveland
preferred
$20c
(quar.)
common
$1.50
(quar.)
preferred
Co.,
$50c
22c
_•
Inc. (irreg.).
5'A 7c preferred
Gaylord Container Corp., common
5'A7c
preferred (quar.)
3-10
62Vic
Patricia
Common
2-21
2-15
12'Ac
(quar. t
Cq.,
1
1
32'Ac
(quar.)__
eom'mbn
(quar.)
York Power
Paper
Gatineau
40c
,
Co.
(quar.i___
preferred
3-2
General
preferred
New
3-2
4-2
Co.,
(quar.t-
preferred
4-2
Ga'rfinckel & Co., common (quar.)———20c
5V27c preferred (quar,)_
———
343/oc
$38e
(quar.)
Co.,
Fundamental Investors,
25c
(quar.)
Gas
3-12
3-12
Power
3-31
3-15
3-12
(quar.)
5
2J/2c
Co.__
1
Cos., Ltd.
5
37'Ac
3-31
3-
3-16
4-
$$1.75
$1.75
3-15
12-
25c
pfd.
A
Corp..
Brewing
3-31
3-31
3-
8-20
1
3-31
Heat
5-20
11-20
25c
CI.
(quar.)
Frankfort Kentucky Natural Gas Co.,
57c
8
35c
(quar.)—,
Extra
Fraser
3-
5
15c
4-
$20c
3-30
3-10
3-15
17'Ac
—
Co
Foundation
'
3-20
17'/2C
.
(quar.)„
Machinery Corp.
4-
$$1.50
Light
(quar.)
4-10
$1
3-14
25c
York
(irreg.)
3-26
*>50c
(quar.)
3-
$30c
(quar.)—
4-10
,
5
3-10
9
3-12
5-: 1
3-19
3-15
20c
3-19
•
3-15
?
2 A;
5
3-
5-1
8-11
3-31
50c
1
5
50c
Frankenmuth
(quar.)
Natural
Ltd.,
preferred
57c
2
$30c
Cold
Extra
4-
10c
Fifth
3-12
4- 2
3-22
$$1.50
(s-a)_
Co
Fiduciary Trust Co. of New
3-31
2
3-15
$57c
common
Illinois Electric &
$2.50
Truck
2-10
$25c
2
3-
25c
3-10
3-21
3-
2
25c
3-15*
3-10
5
$2.50
Inc
2-20
2
3-
56'Ac
Co.
3-20
4-10
1
30c
Fidelity Fund,
"""
4-
$37'/2c
37'Ac
Federal Fire Insurance Co. of Canada
•
5
3-10
$$1.75
Central
4'A7c
5-
$15c
(quar )
3-
4-
40c
(quar.)
Shops,
$5c
(quar.)___
Central
Climax
Federal
$20c
(quar.)
City Products Co,*——
Wire Cloth & Manufacturing
$1.50
Chicago
Chicago
Chicago
Chicago
Faultless
3-15
$52c
Ltd.
Western
Chapman
3-9
4- 2
5
3-31
3-10
$25c
Power
4.15%
4-2
6
3-15
2
$3.50
Famous Players Canadian Corp.. Ltd
Fanny Farmer Candy Shops (quar.)
$50c
__
Canadian
Central
8
25c
(quar.)
Tire
Central
5'
$5c
preferred
Cottons, Ltd.,
preferred (quar.)
Central
Ewa
33-
$$1.25
common
Canadian
Central
3- 5
3-15
3-15
Rubber
4-
25c
2-26
Bake
3-13
50c
—
(quar.).
Co.
3-17
3-20
25c
A
common
B
Plantation
3-31
68Vic*
3-
$5c
Canadian
Central
Co.,
3-17
$1.12'A
(quar.)
2-28
77c
Foundry'Co., Ltd.—
preferred
Ltd.,
preferred
3-31
25c
3-10
Ltd.—
Participating
Capital
Drug
preferred
Finance
(quar.)
International Salt
3
3-
$$1.50
(quar.)__
International Shoe
4-
v
Corp.
3-15
-3-15
$12'Ac
;
10c
Extra
Capital
1
Co.—•
(quar.)
Celanese,
Co., common
5'A7c convertible
2
2
$1.37'A
—
50c
(quar.)
conv.
&
'
B
Class
20c
Ltd.
preferred
4-
2
$$1.50
Chemicals
&
2
44-
$12'/2c
Ltd., Class A
Co.,
Extra
Participating
Car
Washing Machine
Easy
$37c
Co
3-
3-17
$25c
$25c
75c
_
preferred
$3.50
(quar.)—
com.
(quar.)
$15c
tquar.i
preference
Canadian
(accum.)
Products," Ltd.,
$20c
Copper
Minerals
Railway—
Emporium Capwell Co., common (quar.)
77c
preferred (s-a)
41/2% preferred series A (quar.)
European & North American Railway (s-a)_
2
3-26
$75c
$1.50
Participating
60c non-cum.
preferred
3-15
25c
3-15
3-20
4-
1
3-20
4-15
50c
convertible preferred A (quar.)
convertible preference (quar.)
4%
3
2
25c
2
$1.31
3-
2
3-31
(quar.)___
Street
4-
3-15
30c
International Power Co., Ltd.—
7%
1st preferred (quar.)
3-15
4-
4-
:
Co.
87c
50c
4-16
$1.75
(quar.)
Sulphur
Common
3-15
6%
International
5
3-
Steel
Emerson
Cannon P'oundry
preferred
3-
3-20
•
Co.—
Co.,
2
3-20
4-
$35c
3-15
3-
(quar.)
Motor
4-
3-31
75c
.
67o
2
3-31
15c
...
Co
Imperial Paper & Colour Corp.
Indianapolis Power & Light
Indianapolis Railways, Inc
2
3-12
3-15
100%
,
5
4-
4-14
8
3-
4-
75c
10c
(quar.)_
$1.50
$$1.75
2-28
pfd. (accum.)
Illinois Bell Telephone
2-28
1
—
$1.25
7%
2-28
3-15
$$1.25
3-15
(quar.t
Malting Co.,
1st
4-19
25c
Co.,
2-24
3-15
60c
preferred
5
9-20
5-
(quar.)
$75c
(quar. 1
&
&
common
$40c
Consolidated
Wyant
Canadian
5-21
6-20
12-20
....
;
3-10
Elliot
:
first
Canada
v
1st
57o
3-20
6-30
3-10
4- 2
Ltd.,
Massachusetts
Eastern
4-19
3-
3-30
9-29
$$1.37y2
3-6
(irreg.)
Hecla
&
Canada Cycle
Crane
67o
2-9
2-24
(quar.)
3-14
12-30
75c
Texas
5-21
preferred
30c
$1.25
$1
(quar.)
preferred
3-1
3- 1
57c
4
$1.25
3-31
4-2
(quar.)
Power
Co..
Mills
Campbell
4%
1
77c
Ltd.—
Reduced
$5
3-
Eastern
Corp.—•
Mills
preferred
Callaway
87c
Duval
3-10
$1.25
4-16
$25c
(quar.)
Mills, $1.50 1st pfd.
Cotton
California
$1
3-12
3-15
3-20
$1.25
Co., common
Power
40c
(Harvey)
57c preferred (quar.)
Hyde Park Breweries Association, Inc
$43c
3-15
partic. preferred (quar.)
California
7%
3-30
4- 2
3-15
1
3-15
3- 5 %
2-25
3-28
Co
(irreg.)
Co.
Linen
2nd
California
5%
Duke
20c
Bush Terminal Bldgs.
5%
Co.
Driver-Harris
3-
4-
3-30
3-28
3-
(quai\)
2-21
1
4-14
10c
(reduced)
3- 8
3-15
(quar.)
Draper Corp.
3-15
Co.
4-15
1
(quar.)
Co.,
preferred
3-20
25c •
;
3-15
3-10
Egry Register Co., 5'A% preferred (quar.)__
El Paso Elec. Co. (Texas), $4.50 pfd. (quar.)
Mills Corp. (stock dividend)
Burlington Steel Co., Ltd. (quar.)
1
7%
77c
3-10
3-29
3-16
3-16
Manufacturing
Budd
57c
preferred
Dominion Textile
3-13
4-
3-31
Inc.* (quar.)
Huttig Sash & Door Co., common (irreg.)
57o
preferred initial (quarterly )____
57c preferred (quar.).
3-20
1
3-31
(quar.)___$35c
Co., Ltd.—
Chemical
&
4-1
10c
3-30
Burlington
6%
3-
5'/z%
Hubbell
8
25c
3-30
(quar.)
Budd
$6
3-15
3-15
Dominion Tar
2
3-10
62'/2c
3-15
12'Ac
4
$1.37'/z
(quar.)
Company
&
3-31
$4
Ltd. (quar.)
(interim)
Iron Co.
Buda
67c
3-23
3-31
(quar.)
(initial)
75c
preferred
prior
7%
3-9
4-16
Co.
Corp.
15c
preferred
3-
Class B
Howell Electric Motors
3-13
4-
Dominion Foundries & Steel
4-2
50c
Ltd
Corp
Brown-Forman
1%
3-15
4-2
3-31
$50c
(aecum.)—
common
British Columbia Power Corp.,
Class A (quar.)
5%
3-15
Cream
40c
(quar.)
British-American Oil Co.,
British Columbia Packers
5%
4- 2
Manufacturing Co. (irregular)Dominion Dairies, Ltd., 57c preferred (quar.)
Ice
Doernbecher
75c
Vancouver,
3-27
2-28
3-26
25c
(quar.)
Doehler-Jarvis
5c
preferred
of
2-23
3-10
25c
Dewey & Almy Chemical Co., com.
Class B (quar.)-;
Dixie
5c
(quar.)
3-15
3-12 ':.
of Rec.
15c
20c
Manufacturing Co
10c
37I6
10c
Corp.__
3-31
••
(quar.)
Holders
Payable
25c
Co
3-16
3-16
30c
.
Houdaille-Hershey Corp., $2.50 cl. A (quar.)_
25c
Stove
Corp
4- 2
4- 2
62'/zC
Industries
3-15
$1
(initial)
Co.
Steel
3-31
25c
Co„ 47o pfd. (quar.)
4- 2
$$2
(quar.)_
(Del.)
Inc.
convertible
Bristol
,
2-21
3-1
50c
_
Distillers
&
Bridgeport
80c
2
12'Ac
-
Extra
Brown
Oil
Hoskins
$1.50
i
—
Detroit-Michigan
U0c
Brewers
$5
3-
4-2
$25c
Brass
Brager-Eisenberg,
-
25c
.
Mines
/Bradley
4- 2
Hook Sc Eye Co. (quar.)
$50c
prelerred
$1.50
&
3-20
50c
(quar.)
Manufacturing
Aluminum
Delaware Power & Light
35c
(quar.)
Malleable
Bonanza
De Long
3-3
3- 5
3-15
Derby
3- 3
30c
25c
Society
Harbor
4-5
4-2
10c
Industrial Loan, common
prior prelerred ser. 1938 (quar.)
Benton
5-1
Detroit
3-15
15c
When
Share
35c
25c
$1.50
Beneficial
Beneficial
(quar.)
.
(quar.)—
com.
Telephone Co. of Canada
$2.50
Inc.
Extra
<quar.)_*
Mills,
Dejay Stores, Inc
$1
(quar.)
Ltd., Class
Creek
;-•••••••
$1.25
Optical Co.,
Bros.,
Records,
Name of Company
.
.
Honolulu Plantation Co.
'
$25c
Co._
25c
Corp
Lomb
Decca
3-19
2-19
>
(quar.)
&
preferred
Beatty
Bell
(N.
Asphalt
Bausch
5%
Co.
3-
J.—
N.
:
Bankers Tiust
$1.12'A
vx'
3- 7
$25c
(quar.)
—
Malleable Iron
Per
>
of Rec.
4- 2
$1
,
Extra-—-
Dayton
Holders
Payable
Share
$4 prior pfd. (extra).
Inc.
1
3-30
10c
Light Co.,
National
4-
;
When
Per
Name of Company
of Rec.
1
3-23
25c
common
Ashland Oil &
Atlanta
Solders
Curtis Publishing Co.,
25c
(quar.)
Constable
Asbestos
Payable
3- 6
Co.*—.
Apex Electrical Manufacturing,
7%
When
Share
Name of Company
Andes Copper Mining
1023
5-
r
$1.25
3-
1
2-2 r
$1.25
6-
1
5-19
When
Share
Name of Company
Hew
4-
2
3-15
Seiberling Rubber Co.—
$1.31,4
$1.12ft
3-15
2-28
3-15
2-28
Servel.
37ft c
25c
Service Co.—
$7 prior lien preferred (accum.)
$6 prior lien preferred (accum.)
New England Pubiic
Clock
Hew Haven
New Idea, Inc.
3-20
3-10
Sheep
(quar.),—_—,
preferred (quar.),,
New Method
No-Sag Spring Co. (quar. )
Noma Electric
5ft
preferred
$6.50
1st preferred
6ft
preferred (quar.)
Oahu
preferred
6ft
Class
.$2.50 cumulative class
Ohio Edison
$1.75
Tube
7ft
preferred
Omnibus
Co.,
—
Corp.,
common
——————
Ottawa
:
Otter
Debenture
&
Loan
Electric
Ry.
Tall Power
(quar.)
common
$4.25 preferred
(quar.)—
$4.50 preferred
(quar.)
,—
Resumed
____—
3-24
3-15
3-
Soss
8
3-
South
8
3-
8ft
3
2
2
3-15
4-
2
3-
5ft
1
3-10
2
3-15
4-
2
Dome Mines,
Ltd.
1
3-15
4-
1
3-15
3-31
3-
Partic.
1
3-15
6ft conv. preferred (quar.)
Strawbridge & Clothier, $5 pfd.
5
3-15
Studebaker
3-27
3-10
Sunset-McKee
4-14
4-
Superior
Steel
Electric Products, Inc
Washing Machine, Class
5ft
Class
5-
4-16
Talcott
4-
3-15
5ftft
4-
3-15
4-
3-15
3-15
Tamblyn
3-
2-20
3
3-10
Insurance
H.) Co.
Co.
Preferred
3-
2
3-20
3-
1
2-20
7ft
Oil
3-10
2-28
Time,
Inc.
3-12
3-
4-
3-21
Toronto
3-31
3-
3-31
3- 9
4-
2
9
3-13
2-26
2-28
Union
3-24
3-
Union Metal
3-
5
4%ft
8
preferred
Union Sugar Co.
4-
3-12
Union
4-21
3-12
United-Carr
4-
2
3-15
4-
2
3-15
3-19
3-
4-14
3-15
5
4-
2
3-20
S.
3-15
3-15
2-28
3-31
3-
4-14
3-15
2-28
Williams,
Securities Corp.
Co.
2-20
Co.,
3-12
2
3-
3
4-
2
3-
3
3-
1
3-29
3-22
3-10
2-28
3-30
3-10
1
3-10
33-
5-
1
3-22
3-31
3-19
7ft
25c
4-
2
3-10
Veeder-Root,
4-
2
3-10
2
3-10
2
3-21
Vlchek
7ft
preferred (quar.)
;
Wacker-Wells Building Corp.
3-20
2
3-15
2-28
3-31
3-10
3-
1
3-10
3-
1
preferred
(quar.)
$1.75
6-
preferred
(quar,),
$1.75
9-10
9-
1
$1.75
12-10
12-
1
50c
3-15
3-
1
25c
3-15
3-
5
$1.25
3-20
3-
9
10c
3-31
3-15
$1.75
3-31
3-15
50c
3-15
2-17
Inc.
y
3-17
}5oc
3-15
3- 5
Waldorf System,
3-10
2-26
4-
2
3-15
$1.121/2
4-
20c
3-
9
(s-a)_„__^.
Extra
$2
20c
partic.
Inc.
50c
3-15
2-20
Wesson
2-20
West
4-
Snowdrift
&
Co., Inc
8
Westmoreland
3-
8
Westmoreland, Inc.
(quar.)_
3-
2-28
Weston
<quar.)^
2
Coal
Co.
Westvaco
3-15
3-15
25c
3-15
3-
75c
4-
1
3-15
White
Motor
$125
4-
1
3-15
Wilsil,
Ltd.
20c
preferred
prior
3-10
3-
3
Winn
3-15
3-
1
Wisconsin
J7C
4-
6
3-
6
4V2ft
t3c
4-
6
3-
6
Uuar.)
$1.37ft
4-
2
3-24
Wiser
&
':
$1.25
Oil
Co.,
common
3-14
2-27
4-
3-15
Woodward & Lothrop, common
7ft
preferred (quar.)
$1.50
.,.$175
4.
2
4-
2.
Wood
World
3-15
,3-15
2
3-
1
50C
3-10
3-
3
3-15
2-28-
.
v.
(Alan)
Steel
Iron
4-
2
3-12
4-
2
7ft
pfd.
:
(accum.),.
3- 5
2-5
4- 2
4- 2
4- 2
3-10
3-10
!—
—
' 25c
$1.50
$1.75
$1.75
$1.50
common
1__
(quar.)
(quar.)—
(quar.)
& Co., 7ft
Inc.,
&
6ft
common
preferred
conv.
pfd.
(E.
Breeze
4- 2
3-27
50c
3-15
3-
$1.12%
4- 2
3-19
$2
3-31
2-28
$1.25
i,
6ft
Bank
3-12
(Bearer)
3-16
$1.75
3-28
3-16
3-15
2-28
2-15
3-31
2-26
3-31
2-26
3-31 y
2-26
Brunswick-Balke-Collender Co., com. (quar.),
2-21.
Buckeye Pipe
$5
~
15c
n
m
-
3" i.
-
-trw
.
*
,3*
Celanese
Silk Mills
preferred
m.r.Nt' -n#
;»
1
2
3-15
2ft ft
3-28
Bruck
3-
lOd
(s-a)
50c
(quar.)
3-15
3-10
t$1.50
Bearer, (interim)
preferred
British
2-24
Ltd.—
3-23
3-13
3-
3-10
20c
pfd. (quar.),
Note
3-23
V
3-10
50c
Extra
5ft
3- 9
4- 1
6d
& Co., Ltd.,
British-American Tobacco Co.,
Ordinary
3-10
3-20
62y2c
1
4- 2
40c
(quar.),
Brewing Corp. of America (quar.)
Briggs & Stratton Corp. (reduced
American
1
37V2c
Corporations
(T. G.)
3-26
50c
& Sons
Bright
2-13
3-31
$1.75
pfd. (quar.)
(quar.)
(quar.)
Bearing
Brach
J.)
3-1
3-10
$1.50
(quar.i
Albany RR.
Bower Roller
3-15
2-21
15c
(Sidney)
Stores,
$1.50
!!_!
$1.25
—
4- 2
4- 2
3-15
3-31
3-15
15c
75c
—_
Co. (irreg.),,
Boston Elevated Ry. (quar.)
;
-■
(irreg.)_^_.
4-2
3- 5
t$l
1$1.75
(quar.)
25c
int.
3-15
$1
30c
3-15
Co.,
Boston
Trust—
beneficial
20c
(quar.)
Corp.,
1
3-15
3-15
3-17
2-28
2-28
3-5
2-17
2-28
2-28
3- 1
3-17
3- 5
(quar.)
Cd. (quar.),
Tobacco
3-12
Co
Investment
Certificates .of
Co.,
Steel
British
(quar.)
50c
(quar.)
4-
Extra
Woodward
(quar.)
3-10
25c
(quar.)
3-15
preferred
3-24
3- 1
4- 2
4- 2
4-2
Aviation Corp
4Vaft
9
Grocery Co. (quar.)
Michigan Power Co.—
2
preferred
3-
Lovett
preferred
4-
$7
4-2
2-15
3-15
Inc
Blumenthal
9
125c
50c
2
3-
3- 9
40c
$1.371/2
$1
Bros.
Bond
3-10
2
(quar.),
3-
5c
2
4-
Co
3-12
$6
4-
25c
20c
(quar.)
Manufacturing
preferred
Bloch
3-9
$1.06 %
2-28
quar.)
Corp
Ties,
Blaw-Knox Co.
3-15
2
2-28
3-15
Birmingham Water Works Co., 6ft pfd. (quar.)
2
4-
(quar.)
50c
5
3-
2
3-
3-15
(quar.)
(quar.)
Inc.
$6 preferred
3-20
3-15
4-
3-15
tl2'/^c
(quar.)
!
(final)
Ltd.
15ft
vw
««.. a*
<«"
1-24
3-15
2-15
25c
(quar.)
3-6
JlOc
(quar.)
3-15
3-
$1.25
Line Co.__
-sfe,
«
3-6
3-10
3-10
3- 5
10c
Berghoff Brewing
Chloring Products—
25c
——
(quarT)
2
$1
$4.25 preferred (quar.)
Wheeling Steel Corp., common
$5
4-
25c
7c
(quar.)—
Ltd.
Inc
Packing Co.
Bethlehem
3-15
15c
3-10
3-31
$1.75
Corp.
(increased
Co.
Brummell
Bendix
3-15
4- 2
4- 2
3-31
$1.25
25c
Belmont Radio Corp.
3-15
"
$1.12ft
3-26
3-31
5
2
25c
25c
t30c
j$1 75
Ltd.
(Geo.)
$1.50
Belding Corticelli, Ltd., com.
7%
preferred
(quar.)__^
5
25c
"
;
2
4-
3-
120c
iqc
(quar.)
4-
(quar.)
~~~
7
3-31
25c
20c
2
5
3-15
20c
1st
preferred (accum.)
Wellington Fund, Inc. (irreg.)
Oil
$1.25
pfd. (quar.),
Co
Iron Works
7ft
3-6
$1.75
(Apr. 1 to June 30, 1944)
(July 1 to Sept. 30, 1944)
of Canada,
preferred
Belden
3-20
2
Oil
Beech-Nut
2-17
4-
4- 1
4- 1
35c
Refractories,
Beau
4-15
5-15
3-16
3-16
2-23
2-23
12ftc
Birmingham Electric, $7 preferred
2-27
$12 50
3-15
25c
(quar.)
H.)
Co.
Bayuk Cigars,
Weber Showcase & Fixture Co.—
20c
6-
(irreg.)
(W.
$5.50
Bath
5- 1
6- 1
3-30
3-30
3-10
3-10
7c
7c
18c
(irreg.)
common
Bastian-Blessing, common
1
7ft
Inc.,
Extra
Basic
2-28
3-15
-
tl2y2c
Barber
y
2-27
3- 9
4- 1
7c
Bankers National Investing
3-10
50c
(accum.)
7ft
Barber-Ellis
3-10
3-31
7ft
3-13
B
Fund,
3-10
3-10
$2
25c
-
Dividend No. 31
3-15
$1.75
3
3-20
3-24
3-12
3-12
2-21
2-28
3- 1
3- 5
75c
Dividend No. 30
2-28
4-
(quar.).
4-
25c
(quar.)
Bangor Hydro-Electric Co., 6%
7ft preferred (quar.).
3-10
3-15
preferred
3-31
3-22
3-15
prior preferred (quar.)
Bangor & Aroostook RR., 5% pfd. (accum.)—
1
15c
common
3-
common
Class
8
3-
$1.62 ft
common—
20c
37V2c
"
B/G Foods, common (irreg.)
„
Barnsdall
Equipment Co., $1 conv. pfd. (quar.),
Virginia Electric & Power, $5 pfd. (quar.)
4-
3-
3-12
10c
Victor
4-
3-15
$2
(quar.)
4- 1
Co
Axe-Houghton
3-15
25c
—ii,. J,,_„
3-15
(irreg.)
2
50c
4-12
3- 1
$1.50
(accum.)
25c
Nichols, $5 class A
Avondale Mills (monthly)
5
4-
15c
5-31
3-15
(quar.)
Austin
5
3-15
class A
J50c
21
4-
3-15
(quar.)
25c
2-12
$1
Monthly
30c
5
3-12
3- 5
(interim)
common
Monthly
3-10
$15
3-
6-23
3-31
common
Powder
4-
5c
Inc.
7- 6
10c
25c
(s-a)
Inc.,
Atlas
3-20
3-12
$1.75
3-24
lOc
6-23
Corporation, common
Imperial Diesel Engine
2
common
preferred (quar.)
Vapor Car Heating Co., Inc.,
Co.,
7- 6
Press Co.
40c
$6.50
Tool
3- 1
75c
(s-a)
Atlas
30c
(quar.)
4-
Atlas
3-22
(resumedi__.
preferred
3-15
3-15
Atlfts
3-22
(quar.)
3-29
;
3-20
■
7%
4-16
$2
Metal
$1.50
75c
.
General,
2
2-27
(quar.)
2-16
(quar.),,11111
21™
Co
11-10
4-
Upressit Metal Cap Corp., 8ft pfd, (accum.)
Utah Oil Refining Co. (quar.)
Van de Kamp's Holland Dutch Bakers, Inc.—
•
$2.25
Works, Inc. (increased quar.)
Atlantic Refining Co. (increased)
3-20
(quar.)
3-29
pfd.
Art
*
$125
Inc
11-15
2
Virginia Pulp & Paper Co
Western Department Stores
1
8-10
43 34 c
Co.,
Y.)
Wire
Common
3-1
(quar.)
preferred (quar.)
Armour & Co. (111.), $6 prior pfd.
15c
2-28
Mines, Ltd. (s-a)_
Manufacturing
Lace
Corp.
Universal Cooler Corp., $1
Universal Match Corp.,,',
1
2
Scran ton
(N.
United Steel &
8-15
4-
(quar.)
Co.
3- 5*
3-13
4ft
5-10
$1,183/4
3-12
__
Extra
&
Fastener
preferred
Trust
5-15
25c
(quar.)
15C
(quar.)
& Paper
25c
(quar.)
United States Tobacco
7%
2-17
4- 2
$2.25
Co.
Armstrong Cork Co.,
(s-a)_i,_„
Co.
$4.50 preferred
Ampco Metal,
3-
$1.50
U. S. Guarantee Co, (quar,)
U. S. Leather Co., ?% prior pfd.
RR.
Twist Drill
4- 2
25c
2
3-15
2
3-15
3-16
2-28
25c
3-
3
6-1
4-20
$1.75
pfd. (quar.),,
3-10
4-
2-15
1
7-
Corp
Amoskeag Co., common
4-
2-23
3-15
50c
(quar.)
Tobacco
Tel.
3-31
15c
5
50c
3-8
2
Foundries
&
2-28
$0,843
of Delaware
(quar.)
Corp.
Co.
3-17
3-20
20c
(participating)—
3-
American Tel.
30c
3-15
Pacific
Steel
9- 5
12-15
3-31
Sanitary Corp.
Co
pfd.
9-15
12-15
$1.75
pfd. (accum.),
American Sugar Refining, 7%
$2
(quar.)_,^.__
Co., common
3-10
3-10
preferred
7ft
3-10
10c
2
4ft
Mill
American Sumatra
9
5
10c
Rolling
American
6- 5*
15c
Common
American
6-15
$1.75
Public Service,
American
3- 5
$1.75
(initial)
Corp.
American Woolen Co., 7% preferred (accum.)
Co
2
Union
(quar.)
2
Manufacturing Co., com, (quar.)
4-
,
(quar.)
preferred
3-
3-15
$1.75
American Radiator & Standard
5
25c
4-
2-26
3-15
$1.75
(quar.)
8*
10c
Investments
preferred
preferred
3-
(quar.)
__
2-28
1
35c
125c
(quar.)
2-28
3-12
3-15
Goods, 7% preferred (quar.),
3-
1
37 ftc
Schenley Distillers Corp., 5ft ft
Sccvill
preferred
3- 1
3- 8
20c
3-30
Tyler Fixture Co..
3-10
3-10
Foundry Co
4-2
Tubize
3-19
3-1
50c
&
9
25c
Quarterly
Rayon, common,
3-1
4-2
50c
2-28
Quarterly
3-10
3-
4-2
5c
Co
+$1.25
(increased),,
3-12
25c
37Vfec
3-
(interim)
Trusts
3-8
Co
3-15
__
Shipyards Corp. (increased)
Bros., Ltd. (interim),
2-20
4-2
75c
3-24
Co.
3-2
f
Co.—
Louis Public Service Co., Class A
Scott
(quar.),
General
Meter
American Seal-Kap
3-
3-31
3-15
—
Machinery
Inc.—
7ft
4-30
1
4-14
40c
(s-a)__
$1.25
Trinity Universal Insurance Co.
Tooke
$1.12V2
(quar.)
American Service, $3
6-
2-28
$1.18%
(quar.)
(Newark, N.J.)
9
4-2
2-19
3-15
preferred
American Phenolic
2-28
3-
2-19
3-15
25c
50c
Co.
Texon
3-15
•„
___
7ft
3-15
2
2-28
3-15
$1.75
10c
Texas
2
2
3-15
4-
3-10
3-15
common
50c
3-23
2-28
Land
A
American Paper
3-15
4-
4- 2
30c
Inc.—
American News Co.
3-15
2
(quar.)
3-31
2
2
3- 1
Leather—
&
American Machine
3-17
4-
3- 5
3-15
1936—
(quar.)
Laundry
Class
American
3-15
4-
of
35c
3-10
&
1
3-15
Corp.—
—
$1.50
3-17
5-
3-15
3-15
3- 5
American Locker Co.,
3-20
3-31
4- 2
4- 2
..
$1.50
Extra
3-17
3-31
2-28
3-15
3-10
50c
25c
2
(quar.)
(quar.).
Ruud Manufacturing Co.,
Safeway Stores, common
2
$1
—
Hoe,
American Insurance
5
3-31
preferred
4-
(quar.)
preferred
4-
3-16*
2-22
75c
preferred (quar.),
American
3-10
4- 2
3-12
$1.75
(accum.)
convertible
6ft
4- 2
15c
(accum.)
American Stores
(accum.)
Temple Coal Co., $6 preferred
9
—25c
prior preferred
4%ft
2-15
20c
American Gas & Electric Co., common (quar.)
3-15
t5c
$1.37ft
^
3-
2
t62 ftc
(quar.)
3-15
(increased)
(quar.)
3-15
4-
1:20c
3-23
(accum.)
Gold
3-14
10c
50c
(quar.)
Romec Pump Co. (irreg.)
Ruberoid Co.
(increased),,
Russell Industries. Ltd., common
St.
3-10
68 3/4 c
$150
Rome Cable Corp
Extra
San Antonio
3-20
2
3-29
25c
50c
Rochester Telephone Corp., com. (quar.)
4ft ft preferred Class A (quar.)
Rockwood & Co., common (initial)
preferred
Helens Pulp
2
4-
12 ftc
$1.50
pfd.
ptc. Class A preferred
Class B (resumed)
5ft
4-
(quar.)
common
4-2
50c
(quar.)
$2
St.
3-20
20c
4-
Riverside Silk Mills, Ltd.—
7ft
2
30c
$1,50
6ft preferred (quar.)
Reynolds Metals Co., 5ft ft
5ft
4-
40c
Ltd.,
Co.,
series)
Ltd
American Fork &
3-15
(quar.)
2-20
$1
& Light
div.
(opt.
preferred
$7 preferred
3-20
(quar.)
3-10
Vg share of class B or 68%c in cash
2-23
2
37 ftc
$1.75
—I—I
5
$1.25
Participating
Corp., Inc
(G.),
class A
American Hide
$1.75
.
3-
$1.25
common
2-9
V 50c
common
American & Foreign Power Co
$1.3469
Inc.,
3- 5
(quar.)
American Factors,
Co.—
preferred
partic.
3- 8*
3-10
$1.25
Co.
3-16
2
,
(James),
Chicle
3-31
4-
(quar.).
A
3-31
preferred (quar.)
2
4-
Telephone Bond & Share Co.—
preferred
3- 3
40c
__
(quar.)
common
3-31
4-
Teck-Hughes Gold Mines, Ltd
50c
(quar.)
3-15
2
1:25c
Talon
4-
Bridge
Tacony-Palmyra
3-15
$$2
(increased)
Manufacturing
7ft
3-16
25c
(quar.)___;
prior preferred
4-
3-20
A
3-9
3-8
40c
$1.50 y?
American Cities Power
2
(quar.)
4-1
(quar.)
America,
Goods
American
3-15
2
3-20
,
3-15
$1.50
common
4-
—
3-15
2
of
American Chain & Cable,
1
1:31 ftc
(quar.),
Corp—
United Stove Co.
preferred (quar.),
j
Quaker City Fire & Marine Insurance Co.-*__
Quaker Oats Co., common (quar.)
Republic Steel Corp.,
3-
2
12 ftc
U.
1st
preferred
Co.
3-30
$1.25
preferred
3-15
25c
4-
t5c
Co.—
3-31
Corp.
4-
20c
common
3-
4-16
4-
—
3-9
$3
Industries, Inc. (quar.)
Amalgamated Leather, 6ft conv. pfd. (accum.)
6% preferred (accum.)
American Can Co., 7ft pfd. (quar.)
3-16
3-13
t75c
2
4-
2
Co.
Aluminum
3-10
(quar.)
common
4-
Y. 1—
Publication Corp., common (quar.)
7ft original preferred (quar.)
5%
Ltd.,
Bros.,
Extra
2
4- 2
(s-a)
Manufacturing
4V2 ft preference
50c
(quar.)
8
4-
$1.25
(accum.)
4-
Aluminum
$2.25
3-15
Public Service Co. of New Hampshire—
(H.
preferred
conv.
Stedman
2-23
$1.50
(irregular)___—
Baldwin, Ltd.
$6
(accum.)
10c
(quar.)
3-15
$2.75
(quar.)
2-28
3- 5
preferred (quar.)
6ft
Steamship Corp.—
3-31
37ftc
Public Service Corp. of New Jersey,
6ft preferred (monthly)
2
1:50c
&
preferred
75c
—
4-
35c
25c
(quar.)
3-15
Standard Paving & Materials, Ltd.—
3-21
3-15
preferred
Fruit
partic.
$3
$6
(quar.)
2
__
45c
Public National Bank & Trust Co.
.(N.
Robertson
series
$5
Standard
4-
25c
(quar.)
4-
3-15
(reduced)
$1
(irregular)
Aluminum
50c
$1.75
Inc.
3-16
$1.25
$1.75
Manufacturing Co.
3-30
Manufacturing Co.—
E.)
10c
(quar.)
Preferred Accident Insurance Co.
Rhode Island
(A.
Common
3-15
3- 8
10c
Alpha
5%
(quar.),,,
25c
(quar.)
Plume &
6%
preferred
Staley
2-28
4-
50c
Pittsburgh Metallurgical Co., Inc. (quar.)
Pittsburgh Plate Glass Co
Pittsburgh Screw & Bolt Corp. (quar.)
3-10
$1.25
30c
Pilgrim Exploration Co.——
Pittsburgh Brewing Co., $1.50 pfd. (accum.)
Pittsburgh Equipment Meter
Pittsburgh Forgings Co. (quar.),
Pittsburgh Fort Wayne & Chicago Ry. Co.—
3-24
Square D Co., common
4- 2
20c
25c
Portland Cement
Aluminium, Ltd., common
62 ftc
Quarterly
2-28
4-
Todd
—
Allis
3-15
3iy4c
(quar.)
25c
(quar,)—
3-15
2
$1.13
preferred
25c
Philadelphia Electric Co., common
$1 preferred (quar.)
Philadelphia Electric Power Co.—
8% preferred (quar.)
2
4-
Springfield Fire & Marine Insurance Co.—
2-28
3-15
5ft
15c
__
4-
Electric—
&
20c
;
—
2nd
Gas
15c
Petroleum & Trading Corp.—
$1.25 participating class A (accum.)
Alexander &
Royalty
25c
———
3-10
$2
Co
3- 5
2-23
(quar.)
Chalmers
3- 5
3-15
.
Vicksburg Ry. Co.
Alabama &
3-15
4- 2
$1.75
3-21
10c
Telephone
$1
com. (quar.)
Power
preferred
2-24
75c
(quar.),.
3-31
$7
,
25c
Appliance (resumed)
Co., 86 preferred (quar.),,
3-31
3-15
3-15
50c
———-
Co., Inc.,
Alabama
Inc.
Associates,
'
$$1.75
Electric
$1.50
3-10
England
$1.75
(quar.)—
com.
Air-Way
__________
$1.50
(quar.),,
3-10
4-20
common
$1.75
12ftc
$1.50
I7ftc
(quar.)—
,
6ft preferred
Co.,
Sugar
(quar.)—
$1.25
.w——,
pfd.
Air
3-20
$1.50
__
3-15
9
3-10
$1
3-20
4-
9
3-
40c
Southern
2-28
3-
9
4-30
(quar.)—
15c
—
t25c
Southern is Atlantic Telegraph Co., Ltd. (s-a)
Southern Natural Gas Co.
(Irreg.)
3-15
9
3-
2-24
3-17
Co.—
Bearing
Stores, 7ft pfd. (uar.)
Agricultural Insurance (Watertown, N. Y.)—
Quarterly
—:
—
3-20
3-22
3-17
1
____
Agnew-Surpass Shoe
3-
3-15
4-10
12'/2c
preferred,,,,,!,,
12ftc
3-15
3-31
3-15
Roller
&
2-19
3-30
25c
share of com.)
a
(irreg.)
convertible
30c
Co
3-
Southland
Ball
Aetna
15c
(accum.»__
3-15
New
(1/10th of
25c
common
(quar.)—
of Rec.
Hoiacr$
When
3-12
75c
20c
*
Addressograph-Multigraph Corp._______^
Advance Aluminum
Castings
Stock dividend
Payable
fer
,
(quar.)___—
Adams (J. D.) Manufacturing Co.
$1
preferred A
Co.
Rico
y,;
,
Companies
Share
\
Steel Co.
25c
$1.25
—„——
,
Extra
Beading Co.,
Oil
Name of Company
$1.50
Mills, Ltd.,
2
5
2
common,,
3-15
10c
,,
Petroleum Exploration
Reed Roller Bit
Co.,
4-16
4-
4-
—-
25c
$1.25
Corp.
—
7ft
2
3-10
Perkins Machine & Gear Co.,
7ft preferred
(quar.)—.
preferred
3-
(accum.)
preferred
2
Pepsi-Cola Co., new common———————
Perfect Circle Co. (quar.)
$6 preferred
Porto
4-
(quar.)—
$5
Penn
South
3-24
B
Manufacturing
70c
Peoples Water & Gas, $6 preferred
.
40c
4°c
2-20
Syracuse
(quar.)
Quarterly
1
series
Sylvania
preferred
Atwood
3-29
Corp
Paper Co., 6ft
4.6ft
2
preferred
Pratt & Lambert,
2
(quar.),,
Tools
Snap-On
5
3-10
$7
East
3-
(quar.)—————,
preferred
2
3-
25c
Iron
&
Paper
preferred
3-
$6
Preston
2-26
2
(quar,)
Pennsylvania Sugar Co., 5ft
Common
3-
3-29
__
(Howard)
6ft
4-
pfd.
—
7% ft
1
Smith
2-26
3-14
Pennsylvania Forge
,
3-29
15c
$1.25
preferred
$1.25
(quar.i,
Pennsylvania Glass Sand Corp., com. (quar.)
5% preferred (quar.)
Pennsylvania Power Co., $5 pfd. (quar.)—
Pennsylvania Power & Light,
pfd. (quar.)
Co.
$15c
..——
—
Ford, Ltd.
Pennsylvania Edison, $5
preferred
7
(quar.)
75c
Paraffine Companies, Inc. (quar.)—,
4ft
preferred
(quar,)„
3-
••
Common
25c
-
7
15
(quar.)
Steel
-
Acme
5ft
50c
$1
„——_
3-
3
t$1.75
$1.50
1$1.25
Telephone & Telegraph (quar.)—Page-Hersey Tubes, Ltd. (quar.)
Pan-American Petroleum & Transport—
Pfaudler
3-
25c
5c
Pacific
3-15
(quar.i.
Co.
Sloss-Sheffield
3-21
Sorg
$1.37%.
_
y
1
3-15
37 ftc
preferred (quar.)
$5.50 prior preferred (quar,)
Pacific Can Co.
(quar.)
Pacific Coast Aggregates, Inc.
(quar.)——
(: Permutlt Co;
3-
$1.06%
$1.12ft
————
Cumulative
$2.80
2
Inc.—
Pacific American Investors,
Penick &
3-
t$1.25
t50c
50c
(quar.)
(quar.),
Co.,
Zook
&
$1.20
$1.75
25c
$2
18%c
37 ftc
preferred (quar.).
Oneida, Ltd., common
6ft preferred
(quar.)
Ontario
Sloan
2-20
Southwestern
8ft
7
Rayon Corp.—
prior preferred
5ft
Co.—
(quar.)
3-
"
•
,
3-15
(quar.)
43%c
common—
(quar.),,
Electric
&
Industrial
4-10
'3- 9
25c
25c
4be
——
preferred
Gas
4-
$1.10
preferred (quar,)—
Co.
Ohio Seamless
,
(accum.)—-
A
Co., 4.40ft
Ohio
Oklahoma
1
3-10
Co.—
Ohio Confection
;>
'
—•
B
Match
2
50c
class A.
preferred
7ft
Extra
$1-50
(quar.)——
Ohio Brass Co.,
3-
$1.50
15c
—~
_
(quar.)—
Ohio Associated Telephone Co.—
1
2
3-15
4-
$ly5
Sugar Co.
5
3-
Inc.—
(quar.i,
5-
50c
(quar.)
common
Miscellaneous
3-31
2-20
4-
+
Skenandoa
Sl.62/2
—
& Sons,
and
these being given in the
3-14
1
1
3-
50c
(H.)
Simon
8
3-31
Inc.—.
(quar.)
Northwest Publications,
7ft
2
3-15
$1.25
preferred (quar.)—
Northland Greyhound Lines,
—
week,
preceding table.
15c
B
Signal Royalties Co., class A
3- 9
3-
t8%c
pfd. (accum.)
Northern States Power Co. (Wisconsin!—
7ft
(quar.),,
3-15
$1.75
Extra
25c
Ltd.,
Star Oil.
3-17
25c
,
Corp
Class
3- 5
4-
20c
*25c
(quar.i
preferred A4A
5ft
3-2
this
announced
3-15
2
4-16
t3c
$1.50
Signal Oil & Gas Co., class A—
3-21
$1.62 ft
iaccum.i
Newport Industries, Inc.—
Niagara Wire Weaving Co., Ltd.
North
4-2
$1
—
give the dividends announced in previous
The list does not include divi¬
weeks and not yet paid.
dends
4-
$1.12ft
(initial)
Ltd, (quar.i
Creek Gold Mines,
Shenango Valley Water Co., 6ft pfd. (quar.)
Williams (Canada), com. (interim)
3-16
Below we
7
4-
63c
S4.50 preferred
Inc..
3-
4-2
$1.25
$2.50
Sherwin
Laundry Co., Ltd.—
preferred
6'/aft
3-31
& Light Co.—■
New Jersey Power
4ft
—
Co
of Rec.
3-15
-
.
preferred Class A (quar.)—
prior preferred (qi$r.)
5ft
o
;
Payable
75c
(quar.)
Inc.
Brothers.
Seeman
Holders
When
Share
Name of Company
of Rec.
4-14
Inc., 4% ft
Bros.,
:*
Per
Holders
5- i
preferred (quar.),
$1.18%
England Fire Insurance Co.—
>
12c
Neisner
v.
Payable
Monday, March 5, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL &
1024
—T---—.,,
r*
.
4-
**
1
r*
2
3-20
3-15
20c^
2-23
•
Volume
Number 4365
161
>
,
\
THE COMMERCIAL & FINANCIAL CHRONICLE
1025
!
.
ft
Per
Name of Company
Bucyrus-Erie
7ft
common
(quar.)—
preferred
Bullard
Co.
$1.75
50c
—:
_
Terminal
15c
,
Burroughs Adding Machine
Bush
Co.
preferred (quar.)
Calgary & Edmonton Corp., Ltd. (interim*—
5ft
Utilities
Pacific
preferred
Co.,
When
common—
(quar.)
.
Holders
4-
Dairy Corp. (Canada), 5ft
7
Davenport Hosiery Mills,
3-
1
7ft
3-10
4-16
3-15
3-
1
3-15
3-
Decker
1
(Alfred)
Cohn
&
Quarterly
2-28
Deep Rock Oil Corp.
3-15
2-28
Defender
4-
2
3-10
4-
2
3-10
2
3-
7
Great
American
10c
3-15
2-20
4-
2
3-
1
Great
West
t75c
3?31
2-28
t75c
3-31
3-15
3V
4; 1
•>
4-
5
4-10
...
Canada
Bread Co.. Ltd.,
5ft preferred
Canada Cement
6Vz%
*$1.50
t62'/2c
pfd. (quar.)
6ft
preferred
(accum.)
$$1.25
JlOc
-25c
$0,767
—„—
Ltd.
Canada Dry Ginger Ale,
Preferred
10-10
3-20
3-
20c
(quar.)
common
$4.25 pfd. (Jan. 25-Apr. 1 period) (initial)
Foundries & Forgings, Ltd.—
Ciass
A
7ft
Ltd.,
(quar.)_
com.
.
■
preferred
(quar.)
Canada Packers, Ltd., class A
Class- B
Canada
Permanent
Canada
Wire &
Mortgage Corp.
Cable
Ciass
A
Delaware
3-
1
3-30
9-30
preferred (quar.)
Canadian
Devonian
3-15
3-
4-25
3-20
4-16
3-20
1
6ft
2
3-
1
Diamond
4-
2
3-
1
Diana
4-
2
3-15
2-28
5ft
3-15
2-28
Dixie
2-28
$$1
$75c
t62'/2c
Converters
Car adian
(quar.)
Products, Ltd.
(quar.)_
'
—
B
12-30
Dome
class
6%
A
Oil,
preferred
Carolina
Carter
(Wm.)
6ft
I.)
6%
$6
2
3-
1
4-
2
3-
1
Dow
Drug
&
Class
du Pont
4-
2
3-10
3-20
Eastman
4-2
3-23
3-12
3-
1
6ft preferred
Eddy Paper Co,
3-
3-
2
Edison
Brothers
5ft
convertible
3-31
3-15
5ft
3-31
3-15
Electric
1
3-12
$1.75
3-12
Electric
$$1.75
$1.12V2
4-
2
3-
Elgin
4-
2
3-20
El
$4
$4
3-15
2-20
$5.50
$1.50
$1.75
75c
15c
(quar.)
Extra
RR.
(quar.)
Chicago Great Western Railway Co.—
5% preferred (accum.)
Chicago Mail
Order
Chicago Mill
&
—
Securities
Co.,
common
7ft preferred (quar.)
Chrysler Corporation
Cincinnati
5ft
New Orl. &
—
Texas Pac.
5% 1st preferred (quar.)
Lamp & Stove Co. (irreg.)
Colgate-Palmolive-Peet Co.—
$4.25 preferred
(quar.)
Columbian Carbon Co. (quar.)—
Columbia Pictures Corp: (stock dividend)-Commonwealth Loan Co. (Indianapolis)—
—
date
8
3-
2
3-31
3-
2
3-
5
2-20
3-30
3-16
2
3-10
3-31
3-15
4-14
3-
7
7-14
6-
7
10-15
9-
6
50c
4-
«
$1.06V4
$1
2>/2ft
—
35c
order
SEC
5ft
(quar.)-
Confederation Life Assn.
Common
$1.25
Quarterly
Quarterly
Quarterly
Ex-Cello-O Corporation (quar.)
Exchange Buffet Corp. (quar.)
Special
Falstaff Brewing Corp., 6ft pfd.
*
Farmers & Traders Life
(Syracuse, N. Y.)
5-15
9-
1
7ft
8-15
1
11-15
3-14
3-
3-31
3-12
Financial
1
3-17
Firemen's
3-14
2-28
4-
1
Class
3-15
2-26
First
3-15
2-26
Flintkote
3-15
3-
9
2-26
Food
3-31
3-
$4.75
Corp.,
Dry Goods,
preferred
Edison Co.
Consolidated
1
4-
6
3-15
3-
1
common
Common
Four-Twelve
&
preferred
Continental
Continental
Continental
Can
$5.25
Crane
preferred
Co., 5ft
Crown
3-25
Gellman
6-30
6-25
Cul,or
&
9-29
9-25
12-31
12-24
flz
Extra
B
General
American
4-
1
3-5
General
American
4-
General
(quar.)
Transportation
3-
5
3-
1
3-31
3-15
4-
2
3-15
4-
3
3-23
Corp., Class A
Stockholders have option of taking half
the value of their dividend in the 5Oft-
4-
3
3-23
paid
3-15
2-
4-
1
3-
General
9
9
Quarterly
3-15
3-
1
General
2
3-
9
7 ft
2
3-
9
General
v'; '*
Cigar
Co.,
General
Fireproofing
preferred
Co.,
-
com.
(s-a)_
4-
2
2
2
3-14
3-15
2-28
3-10
2-28
3-10
preferred
2-28
3-14
General
Phoenix
•
3-
1
3-
1
3-10
3-
1
4-15
3-22
3-15
3-
3-31
3-10
Gisholt Machine Co.
3-15
2-28
Gleaner
4-25
"4-14
56'ftc
$1.20
S2
l?ftc
12Vic
3-15
2-23*
3-15
3-
3-31
3-16
S3
Water
preferred
Genesee
Glen
Gas &
4V2ft
Harvester
pfd.
Class A
(quarrt
(N.
———
Y. >
$5
preferred
8-15
8-
6
Gordon-Pew
11-15
11-
5
Gorham
8
3-21
3-31
3-21
3-31
3-21
3-31
2-13
3-31
2-13
3-31
2-13
& Ireland
7 '/a ft
Tool
2-14
3-15
4-
1
3-30
18C
3-20
3-10
4- 2
3-12
20c
1
8-17
Industrial
1
11-16
1
9-
12-
60c
Brownhoist Corp.—
1st preferred
convertible
3-
1
2-10
75c
5
2
3-20
3-31
3-10
3-15
3-
4- 1
3-15
3-10
3-
50c
3-10
2-28
3-31
2-28
1
3-12
4-15
3-15
(accum.)
Inter-Ocean Reinsurance Co.—
4-
30c
$1.621/2
2%C
4-
Institutional
Bank
Inter-Ocean
2
6!/2ft
Securities,
pfd.
(accum.)..
(s-a)
Securities
Corp., $4 pfd. (s-a)
4-
1
3-17
4-
2
3-17
4-
1
3-15
3-
.....
3-20
3-
3-10
3-
5
3-15
2-28
4-15
3-
5
3-15
3-
6ft
8
3-
4-15
$1.50
3-10
2-21*
(quar.)..
30c
3-12
2-28
(quar.)
65c
4-16
5
t40c
3-31
3-
50c
3-12
2-20
3-10
2-23
preferred
...
(quar.)..
preferred
arrear
ctfs.
J75C
preferred
arrear
ctfs.
(accum.)'
3-15
2-20
6ft
6 V2 ft
preferred
arrear
ctfs.
(.accum.)
3-
6'/aft
preferred
arrear
ctfs.
(accum.)
35c
15c
$1.12 '/2
3-12
2-20
3>10
2-24
3-15
3-
3-
7ft
9
2-16
3-15
2-16
4-
1
3-20
4-
82.10
3-15
3-
1
$2.10
6-15
6-
1
30c
3-14
2-27
7ft
4-
2
3-15
7-
2
6-15
30c
6-15
5-31
Jones
8
5-26
5ft
preferred A
3-
1
5ft
preferred B
1
3-15
3-
1
4-
1
2
3-
&
8-10
1
11-10
3-10
2-28
5-10
Inc.—
(s-a)
Inc.,
35c
common
3-10
2-20
25c
(quar.).
3-20
3-
$1.06 y4
(s-a)
6
1
4-17
3-15
2-28
5-
10c
Laughlin Steel Corp., com.
4-
6
3-
$1.25
4-
1
3- 2
$1.25
4-1
3- 2
75c
3-15
50c
(quar.)_
(quar.)_
(quar.)
Common
6ft
(irreg.)
preferred
2
Kalamazoo
3-
1
$1.50
3-15
3-
1
20C
3-10
2-28
3-15
3-
;
(quar.)
Joy Manufacturing Co.
3-16
4-
Co.,
1
Joslyn Manufacturing & Supply Co.—
1
12V2C
preferred
Tea
1
912-
37 Vfec
4'/aft preferred (quar.)
1
12V2C
•
6-
30c
30c
-
Johnson & Johnson
3-
(quarJ
Jefferson Lake Sulphur Co.,
Jewel
3-
1
(accum.).:
2-24
3-
1
(accum.)
2-24
3-15
1
36-
ctfs.
3-23
3-15
6-
6-15
ctfs.
Co.
2
3-15
6-15
3-15
arrear
3-17
12V2C
SI.80
SI.95
$1.95
—
arrear
Mfg.
3-17
3-15
3-1
preferred
Fireman
Quarterly
Quarterly
Quarterly
Jaeger Machine Co
2-28
3-15
3-15
3-15
preferred
7ft
Iron
4-16
$1.80
(accum.)
3-15
1
1
Utilities Co.—
6%
5
3-20
Ltd
(irregular)
Co.
(quar.)
convertible
Iowa Southern
3-15
25C
Book
Text
Investment Foundation Ltd.—
4-10
3-27
3-15
+37 VaC
International Nickel Co. of Canada,
International
t20c
—....
International Cigar Machinery Co.
International Harvester Co., com.
1
4-
50c
—
6ft participating preferred (quar.)—.;
International Business Machines (quar.)
3-15
1
Ltd.—
Shares
Group
2
Co.,
International Bronze Powders, Ltd.—
Common (quar.)
$1
30c
10c
2-14
3-15
$1.25
(quar.).
5-17
6-
6-
3-15
3-29
50c
4-15
25c
12V2C
1
Industrial Acceptance Corp., Ltd.—
5ft conv. preferred (quar.)
(quar.)
Vegetable Parchment Co.—
Common
15c
(quar.)
15c
6-15
6- 5
(quar.)
15c
9-15
9-
5
Common
3-22
1
(quar.)
Common
9*
2-14
3-10
(quar.)
common
Fisheries/^FaT>w-
-
-
(quar.
■.
15c
3-10
3- 3
2
3-20
2
3-
2-28
4- 2
4-2.
Kellogg (Spencer) & Sons (see Spencer)
4-
1
3- 5
Kekaha Sugar Co., Ltd
4-
5
3-
37'/2c
75c
$1.50
12-
3-15
37'/2c
3-
12-15
15c
3-13
Kayser
3
(Julius)
& Co
Kelsey-Haves Wheel—
62V2C
$1
$1.50
2
Class. A
conv.
Class B
2-26
3-29
(quar.)
(quar.
Kennecott
3-29
Kildun Minifig Corp. (liquidating)
King-Seelev Corp., common
5ft
preferred (initial)
2-26
2
3-17
3-12
3-
3-15
2-14
4-16
4-
1
Klein
(S.
S.)
Co.
..i
2-24
3-15
2-28
10c
ft
2-28
3-10
6-15
2-28
20c
3-15
3-
25C
4-1
3-15
25c
4-2
3-21
25C
3-13
2-23
40c
3-10
2-19
$1.50
(D. Emil) & Co., Inc.
Kresge
2
3-17
3-31
30C
County Land__+
Keystone Steel & Wire...
4-
3-17
3-31
25C
(quar.)
Kern
$2
20c
25c
5c
25c
30c
25c
$1.75
75c
$1.25
25c
50c
:
25c
25c
Copper
Special
4- 2
3-17
$1.75
5-1
4-14
X20c
3-15
2-15
20c
3-15
3-
5
3-15
3-
5
4-
3-20
(quar.)
(.quar.)
5-25
5-10
Kress
5-25
5-10
3-10
2-27
5
Kroger Grocery & Baking—
2
•
4-
I
Lake
2nd
(quar.)
preferred
(quar.)
Mines, Ltd. (quar.)
Shore
Lamson
9
& Co.U...i
1st preferred
7ft
2-15
5-
(S. H.)
6ft
3-20
3-10
4r
Sessions
&
Co.,
2-23-
3-15
3-
5
3-15
3-
5
4-
2
3-15
5-
1
4-20 "
Lane-Wells
5-
1
4-20
Leath
56ftc
25c
30c
4-
1
3-12
$2.50
Landis
preferred
Machine
62V2C
Co.,
common
&
$2,50
Co.
Co.,
common
preferred
..
Lehigh Portland Cement, 4ft
Co.
40c
4-
2
3-14
Lehn & Fink
3-30
3-30
Leonard
3-15
2-15
Leslie Salt Co.
3-15
2-15
;
■3-20
3-
1
5
8-
4
11-
5
3-15
2-19
10c
4-
2
3-15
62V2C
(quar)
Refineries.
Life & Casualty
5-
8-15
...
pfd.
-..j-
:
4-
2
3-15
25c
3-
5
2-20
$1
4-
2
3-14
ft
(quar.)__
Products Corp.
Inc.
35c
3-14
2-28
15c
3-15
3-
X£0c
3-15
2-24
|5c
3-10
2-23
iPc
3-10
2-23
37V2C
3-15
3-
(quar.)
(irreg.)
(reduced)
Libbv-Owens-Ford
'
11-15
_
(quar.)
Lee
1
D.)
5-15
25c
2
H.
2
25C
(quar.)
3-
(
.
25c
_
3-
3-30
250
(quar.)_
(quar.)
(quar.)
3-12
3-15
10c
(quar.)
3-20
50c
ft;
—.——
Common
•
ft
common...
Extra
3-10
75c
-
5
30c
4-
25c
50c
$1.25
...
(quar.)
Manufact&mig Co.
2-
3-31
2'/aft
50c
(quar.)^
Goodman
Manufact»ring Co
Goodyear Tire & Rubber Co.,
9
3-10
13 ft
(final)
Pneumatic
common
25c
(quar.)
Corp
Insurance
registered
Common
Inc., class A
conv.
2-
noc
Chemical, $3 pfd. iquar.)
Indianapolis Bond & Share (irregular)
Indianapolis Water, 5ft preferred A (quar.).
Electric Co.—
—
Co.
2-20
3-12
$1.75
Bonus
75c
25c
(s-a)
common
(quar.).
Brewing Co.,
Falls
—
common
Class B
Glidden
•—
common..
Corp.,
3-10
General
common
(s-a 1
3-10
5
(quar.)—
—
Advertising,
3-
3-10
$15c
Industrial Silica
50c
2-15
3-10
-
5
37'/2C
37'/2C
$3
2-15
5
$1.75
(quar.)__i
4-
25c
62V2C
25c
75c
}25c
X25c
5
$1.50
(quar.)
...
4-15
$1.75
25c
15c
15c
IV2S
2-15
33-
90c
;
Independent
50c
2-26*
A
—
(quar.)
3-15
Class
'.
Ordinary
3-14
4-
3-5
3c
30c
preferred (s-a)__—
Imperial Tobacco of Great Britain
1
4-
8
3-20
J50c
(interim)
Extra
in
common
Co.,
Corp.,
Outdoor
I
$1
(quar.)
Motors
General
3-15
Inc.,
Corp., common
preferred A (s-a)
6ft preferred B (s-al__
$1.25
I2V2C
—
3-
10c
5c
(quar.)
3-15
15c
2
3-
3-30
6ft
::
■'
•
or
5ft
3-15
2
Chemical
G.
......
3-30
4-
I.
of
General Finance
$5
30c
25c
25c
20c
62'/2c
20c
$1.31 V*
B
Film
&
stock
cash.
4-
—
-
Aniline
General Baking Co., 8ft pfd.
(quar,)—
General Bronze Corp. (quar.)-.—-.
4-
common
3-15
3-
/3-20
37'/ac
1st pfd. B
preferred
Common
Corp.—
2
American
35c
$1.12 Va
Ltd.
75c
—__—
3-23
3-12
(quar.)
3- 3
3-31
3-29:
$1.06 V*
Refining Co...
Co., 6ft
preferred A (quar.)
2nd
5-21
Common
—
Corp, (quar.)
Investors, $6 pfd.
25c
RR.
(quar.).
——-
1
3-27
(quar.)_
(quar.)
preferred
preferred
(quaf.
3-
3-15
(Chicago)
Corp.,
Inc.
4%
Co., 6ft pfd. (quar.)
Manufacturing Co
3-15
2
(quar.)
Clinton
(s-a)
Class
4-
Co._
Port
$3
3-15
preferred (quar.)
Foster, 8ft
Co.,
A.)
—
Manufacturing Co.—
partic. pref. A (quar.)
3-15
Crown Cork & Seal Co., Inc., $2.25 pfd. iquar.)
Crnwn Overall Mfg., 6ft
pfd
(accum.)
Crum
....
11-21
Imperial Tobacco Co. of Canada, Ltd.—
Gemmer
1
Corporation
Drug
—
3-31
2
common
Creameries of America.
Crosley
Brewing Co. of Indiana (quar.)
——
(Geo.
4-
Corp
A
....—
Fuller
4-
1
Electric
(year-end)—.
1
$2
15c
50c
$1.12V/2
Paper
—
Co.,
Street
3-
$15c
preferred (quar.)
Cornell-Dubilier
6th
—
7y2C
(quar.)
Co., Inc. (interim)
Steel
Copper weld Steel
5ft
Co.
Assurance
(quar.)
3-15
40c
(quar.)
Initial quarterly
(quar.)
1
—
pfd.
Consumers Power Co., $4.50 pfd.
$5
prior pfd.
3-
$1.25
Power
(quar.)—
3-15
(interim)—
class A
Stores, 8ft
Water
West
(quar.)
Fox De Luxe Brewing Co. of Michigan (quar.)
Extra
25c
——
(irreg.)
Consolidated
$3 class A
prior preferred
Ciass
,
—
Retail
Wallace,
Foster-Wheeler Corp., 6%
6ft
3-19
50c
$3.50
————
Consolidated Gas Utilities Corp.—
Initial quarterly —.———
Consolidated
Stove
Fair
2-24
15c
50c
$1.18%
of N. Y., Inc. (quar.)
Consolidated Press, Ltd.,
...
25c
common-
Industries, Inc.—.
(accum.)
preferred
...
Ford Motor Co. of Canada, class A
Class B (quar.)
8-21
1
;
Co.,
75c
,
—
—
Forbes &
5-
3-20
Fran.)—
(San,
2-23
Film
$2
(irreg.)—
3-15
60c
$20c
Ltd.
(s-a)——
Consolidated
Fund
Indemnity
4-24
3-15
2-27
2
&
Intertype Corp.
$$1.50
$$1.50
$$1.50
$$1.50
25c
( increased)
(increased quar.)—
preferred (quar.)
Consolidated
-7,7ft
Cigar
Fund
1
12-
3-"i
18c
Mining & Smelting
Oil
1st
7ft
3-16
4-
Bay
Bros.
"7ft
,
Co.—
62V2C
Inc.
Consolidated Bakeries of Canada,
Consolidated
Industrial
9-
25c
$2.50
25c
»:
75c
30c.
(quar.)
5-
3-31
2
3-10
4-
$1.25
$1.25
$1.25
30c
5ft
(quar.)
3-10
9
2-28
25c
Stores, common (quar,)..
preferred (quar.)
Foote-Burt Co., 5ft
preferred (quar.)
6
3-15
$25c
87y2c
...
Stock Corp
Co., common..
preferred
(quar.)
Florence
2
Howes
$1.37Va
$1.50
(increased).
Bank
3-
Humble
2-28
28c
$1.25
(irregular)
Increased
1
25c
3c
50c
15c
—
Consolidated Biscuit Co.
B
2-28
3-15
60c
Ferro
Enamel
Corp
Finance/Co. of America at Bait., cl. A (quar.)
Extra
—
(quar.).
Connecticut Light & Power com.
preferred
6-
..
10c
10c
(irregular)
Federal Water & Gas (irreg.)—
Fenton United Cleaning & Dyeing
6-1
3-12
50c
(s-a)
Federal-Mogul Corp.
12-
Hudson
Insurance
Mining & Smelting Co.
3-15
25c
Hotels Statler Co., Inc. (irreg.).,
Houston Lighting & Power (quar.)
3-15
25c
621/ac
62y2c
(quar.)
Faultless Rubber Co.
Fox De Luxe
——-
_
:
Congoleum-Nairn,
5
________
4-17
4-27
3-15
;
25c
Gair (Robert)
1
——
5
3-
...
3-20
(Toronto)—
—
3-
2
3-31
'
—
______
2
4-
._±
1
3-20
15c
ift
65c
(quar.)
Four Wheel Drive Auto, common
Fox (Peter) Brewing (quar.)
—
(quar.)
preferred
2-26
on
preferred
4-
50c
_
1
3-
3-30
35c
Participating
...
3-
3-10
15c
Indiana Gas &
preferred (quar.)
Inc., common (qua**.)
Common
(stock dividend)
3-15
75c
$4.25 preferred (quar.Company, common
4Vaft preferred (quar.)
Horn (A. C.) Co., common (resumed)—
Co.—
(quar.)—
25c
:
15c
(quar.)
2-28
96 Va c
A
Participating
(quar.)
2
the
preferred stock at the close of
14th day after date of such order
Community Public Service Co. (quar.)
Compo Shoe Mach. Corp., com. vtc. (quar.)
$2.50
RR.
class
class A____
2-24
....
2-15
3-15
(Helena).
Hoover
$1
$1
Ltd.-—
(quar.)—..
3-14
days
to
A
3-15
25C
Hooker Electrochemical Co.—
80c
—
Federal
4-
2-24
25c
2-26
3-15
3-10
1
25c
...
3-15
Co.
5ft
5%
2-17
A
2-27
(quar
preferred
preferred
5ft
1
class
3-10
Eversharp,
holders of
business
Pittsburgh
Railroad
1-15
3-
75c
(quar.)
class
Guaranteed
Erie
3-11
.
$1
4-16
Manufacturing..
$2.50
$1.25
to be made 23
the
of
3-
———
(quar.)-,—/«
Edison Co. (quar.)
is proposed
the
3-14
2
3-31
31V4C
Commonwealth & So. Corp., $6 pfd. (accum.)
after
2
4-
&
$4.50
Coleman
Payment
4-
1
Electric Co.-—
Coast Counties Gas &
Commonwealth
2-21
$1.25
$1.25
$1.25
15c
30c
$1.37,/2
30c
75c
$1.25
preferred (quar.)
5ft preferred (quar.)
5ft preferred (quar.)
City Auto Stamping Co. (quar.)
City Ice & Fuel Co.—
City Investing Co., 5V?. ft .preferred-—
Clark Controller Co. (irregular)...
Clark Equipment Co., common
5$ preferred (quar.)
preferred
3-10
non-cum.
Erie
Ry. Co.—
'
5%
2-28
15c
30c
25c
25c
25c
$22
$1.75
75c
Co
Quarterly—
Quarterly
Christiana
3-10
62Vic
Lumber (quar.)
Cotton Oil (quar.)
Chickasha
3-
75c
.
—
Chesebrough Manufacturing
3-15
25c
Champion Paper & Fibre, common (quar.)—
6ft preferred (quar.)
Chesapeake & Ohio Ry. Co
3-10
1-15
$1.50
$1.50
preferred
$3
2-28
3-20
2-24
25c
(quar.)
English Electric Co. of Canada,
2-28
3-20
25c
$1.50
75c
$1
America
3-20
15c
(increased quar.)
Inc.
preferred
$6
3-20
3-11
3-15
common (quar.)..
District Electric Co., common——
Engineers Public Service, $5 pfd. (quar.)—.
2-20
3-15
6-30
20c
Empire
(accum.)
1
8-
4-10
Gas Co.,
Natural
.ft
Monthly
,
Holophane Co., Inc., $2.10 preferred
Common
(irregular)
Holt (Henry) & Co., Inc.—
2-26
—...——
&
Watch
National
Paso
1
4-25
(increased)—
Co
Controller
3-
Brewing
Rubinstein, see Rubinst'ein
3-14
Electric Boat Co—v
1
Co._
$1.25
——
4-
3-16«
(irregular)
(G.)
$1.12J/2
$1.25
(irreg.)
com.
(quar.).
37'/2c
—
—
common
Co.
Hewitt Rubber Corp. (quar.).
;
Heywood-Wakefield Co., common (increased)
Hibbard, Spencer Bartlett & Co. (monthly)
3-31
1
Mining
Helena
3-29
5-
15C
preferred (quar.)..—.
(series 1941) (quar.)
Auto-Lite
(irregular)__
$25c
....
4-
2
4-30
3-
Glass
Corporation
Heileman
6
3-10
$25c
(quar.)—
40c
(irreg.)—r
3
common
Co., $4 prior
$15c
Ltd., class A
Stores,
pfd.
3-
(quar.)
non-cum.
Hecla
3-10
$20c
——.......
3-15
2
(quar.)
Co.,
(quar.
Chemical Co.,
Hazeltine
4-14
4-
2
$20c
...
;
60c
(quar.)
1
1
4-
$30c
(quar.)
(quar.)
3-31
conv.
55-
25c
(quar.):.
Co.
Kodak Co.,
2-28
preferred
Hazel-Atlas
de Nemours & Co.—
3-31
5
1
$1.25
7
(interim)
3-
$4
prior lien preferred (accum.)___
prior lien preferred (accum.)Central Steel & Wire Co., 67* pfd. (quar.)—
Hill
(E. I.)
3-20
Quarterly
1
25c
preferred (quar.)—.,
Duquesne Light Co., 5ft preferred (quar.)—
Durez Plastics & Chemical
(quar.).——
Eagle-Picher Lead Co.
{quar.)——i
3-10
50c
$1.50
$7
Chestnut
3-
....
Bradstreet
$2
$6
•
2-28
3-15
—....
50c
—
(quar.)—
(interim)
of
3-10
Co
$1
$1.50
(accum.)—
Co.
15c
J55V2c
$4.50
1
Central & South West Utilities Co.—
Chamberlain
Paper
Common
3-
(irreg.)
Century Ribbon Mills,
2-28
—
3-15
Public Service—
preferred
3-14
3-10
B
3-29
(quar.)
preferred
■*
4-
t37'/2c
Co., common
Illinois
3-29
20c
(pay. in U. S. funds)
Ltd.
Stores,
3-31
Cassidy's, Ltd., 7% preferred (accum.)—-—
Central Illinois Light Co., 4,/2% pfd. (quar.)
Central
Donnacona
4-15
Co., Inc
preferred
Dominion
2-28
4-30
(quar.)—
preferred B
(J.
7ft
3-15
1
—
Carthage Mills Inc., common
6ft preferred A (quar.)
Case
25c
62V2C
(quar.)
4-
Dun
Telephone & Telegraph
Carpenter Steel Co.
Co.
Mines, Ltd. (quar.)
Malting, common
3-29
(accum.)
common
(quar.)
2
3-
pfd.
preferred <
Hawaiian Canneries Co., Ltd.
8-10
Company
Common
4-30
—
$3
2-23
1
(quar.)
4-30
(irregular)
Canadian Wirebound Boxes, Ltd.—
$1.50
8
9-
3-15
4-
(quar.)
Paper Co., 4V/2ft
Hartman Tobacco
9
3-
(quar.)
common
A
——,___$$1.25
v
$$1.75
$75c
(quar.)
7ft' preferred (quar.)
Canadian Pacific Ry. Co.
Canfield
Car
Motor
Cup,
t$1.25
Canadian Industries, Ltd., class A (quar.)—
6-
2
Hawaiian Commercial & Sugar Co., Ltd.—■
preferred (quar.)
$50c
(quar.)
Canadian Foreign Investment Corp.
Extra
Class
T
$50c
—
1
6ft
Harshaw
2-28
7-
75c
Dominion
Funding rights (year-end)
3-15
50c
Stores
Class
2-15
3-15
6
(s-a)
Corp., common (quar.).
6ft
preferred (quar.)
Distillers Corp.-Seagrams, Ltd., com. (quar.)
3-15
4-2
5
8-
Stores
2-28
4-
preferred
Common
2-26
5-
8-15
$1.50
(quar.)
participating preferred
4-
+85c
3-20
5-15
50c
Harbison-Walker
Diamond Match Co.—
Canadian Celanese Ltd.—
Canadian Food
Alkali
Diamond
3-15
(quar.)
$1
(quar.)
(quar.)
(M. A.)
$4.25
3
50c
(quar.)
Hanna
3- 1'
50c
pfd. (quar.)
Giorgio Fruit Corp., $3 partic. pfd. (s-a).
Dobeckmun
preferred
Co.
3-
'
.
(quar.)
preferred
Brothers
Common
3-23
3-10
3-15
25c
3-15
Breweries. Ltd.—
convertible
$3.40
(resumed).
1
$$1
$25c
_—
Co.
4-
$$1.62'/2
;
Hudson
Detroit-Michigan Stove Co., 5ft
5% preferred (quar.).
Oil
3-30
50c
;
Western
Hammennill
5
25c
(quar.)
3-15
?$2
(quar.).
RR.
(quar.).
;.
...
Hale
3-23
$1.50
Brook
Inc.
1
$75c
(quar.)
6V2ft
t37V2c
115c
$$1.75
Bound
4-
Co., Ltd.—
(quar.)
B
&
2-23
3-20
$25c
(initial)
(initial)
Class
Fund,
Di
(quar.)
Northern Power,
&
3-20
(irreg.)
common
(quar.)
Delaware
Canada
Canada
Supply,
Delaware
(quar.)
Co., Ltd.—
Canada Crushed Stone,
Photo
second
v
.
Brewery (irreg.)
Power Co., $6 preferred (quar.)
Gulf States Utilities Co., $4.40 pfd. (quar.).
"
Extra
preferred
Ltd.—
Gulf
6-30
25c
«...
_
(increased)
1st
Griesedieck
3-31
7-10
Indemnity (N. Y.)
Saddlery Co.,
6ft
3- 2
3-20
2
35c
..I—.,i*
3-15
2-19
4-
25c
•
50c
Co. (s-a)
3-12
25c
.....
Quarterly
50c
California-Western States Lil'c Lis.
of SUc.
25c
$1.75
___
(quar.).
Holier»
Grand Union Co...
25c
_
When
Payable
Share
1
75c
_
common
preferred (quar.)-
Name of Company
3-
75c
;
(s-a)
Daniels & Fisher Stores Co.—
2-16
5
3-15
'Per
of Rec.
3-15
$1.12y2
(quar.).
preferred
Holders
Payable
$1.25
(quar.)__
Publishing Co., $4 prior pfd.
2- 2
5
3-
Curtis
When
Share
'-
preferred
3-
3-31
3-
Company
Press, Inc., 4y2ft
3-10
2
30c
$1.75
J5c
35c
25c
Name of
Cuneo
3-10
4-2
Per
...,
of -Rec.
Payable
10c
(reduced)
(irregular)
Butler Water Co., 7ft
Caliiornia
■
Share
Co.,
Glass
..
Insurance Co. of Tenn. (quar.)
Lily-Tulip Cup Corp. (quar.)
...
5
1
Per
When
Payable
of Rec.
Name
Lincoln National Life Insurance Co,
30c
(Wash., D. C.) (quar.)
preferred (quar.)
—
7% preferred (quar.)——
Link Belt Co., 6%%
preferred (quar.)
Liquid Carbonic Corp., 4% '/< pfd. A (quar.)
Little Miami RE. Co. (special gtd.) (quar.)_
Liberties
Northern
Natural
87'/2C
3-12
2-28
$1.62%
4-
1
3-15
$1.12%
5-
1
4-14
3-23
6-22
9-21
$2
1-2-46
12-22
3-12
2-16
15c
Ottawa
5
5%
2
6-21
Pacific
1
9-21
710-
Pacific
Lumber
3-15
2-19
Pacific
Mills
3-15
2-28
25c
3-10
2-24
$1.25
2-24
3-10
5.6%
3-15
2-28
3-15
3-
20c
3-10
2-24
-$) L265625
4-
1
3-15
40c
4-
2
3-17
Paul
25c
& Co., common
41/4 % preferred iquar.l
Marsh (M.I At Sons, Ltd. (quar.)
3-10
2-15
Penn
Mallory (P. K.)
(quar.)
5
Paton
Pipe
2-28
2-23
Pennsylvania
McCrory Stores vurp.
,
tquar./
Perron
Pet
....
preferred B (quar,)...
tlerchants & Miners Transportation
Inc.,
Merck «fc Co.,
..
9
2-20
1
2-15
$1.37¥2
3-
1
2-15
preferred
(quar.)
—-
3-14
2-28
1
3-
$1.75
3-31
3-20
25c
—
3-10
2-20
—
'
y 6(/o preferred
$6
(1940)
$1.50
—
(quar.)
(quar.)
Junior preferred
preferred
Midland Oil
Midland
$2
3-15
2
4-
2
3-15
9
2-24J
25c
1
3- 9
4-
1
3- 9
4-
1
3- 9
3-15
2-28
37 %c
Mass.)
3-12
3-
common-
25c
3-10
2-16
$1.50
4-
2
3-20
20c
4-
3
3-16
:lc
4-
3
3-16
3-15
2-24
.
__
—
'•;-- *" $$7
Co.
(s-a)
$1.25
3-
1
3-15
3-
1
87¥2c
4-
1
3-
5
,
-convertible
preferred (initial quar.)
Monroe Chemical Co., $3.50 preferred (quar.)
Monsanto Chemical Co.—
$4.50 preferred A
3-15
13 %C
—
Monogram Pictures Corp.—
5¥ar%
2
25c
pfd. (accum.)..
(Springfield,
(s-a)
$2.25
—
6-
1
5-10
'
$4.50 preferred B (s-a)
$4 preferred C (s-a)
7%
preferred
Montreal
Motor Wheel Corp.
Murray
Ohio
Muskegon
6%.
convertible
6%
t31¥»C
3-15
2-28
3-15
3-
Raybestos-Manhattan, Inc.
Rayonier, Inc., $2 preferred
30c
3-10
2-20
(quar.)
1
A
preferred
Packing
Regent
$1.75
9-
1
8-1.1
$1.60
non-cum.
$1.75
12-
1
11-10
$1.60
non-cum.
$1.75
_
$2
(quar.)—
3-15
3-
1
——
30c
4-
2
3-21
—
20c
3-31
3-14
(quar.)...——
15c
6-
1
5-10
(quar.)
15c
9-
1
8-10
15c
12-
1
11-
4-14
3-
9*
25c
3-15
3-
3
5-
1
4-14
(increased)
20c
3-10
2-15
(quar.)_
20c
3-
2-
(increased quar.)
35c
3-10
30c
(quar.i
National Container Corp.
(Del.)
National Cylinder Gas Co.,
Nat'l Dairv Products Corp.
common
8
8
9*
2-16
National Electric Welding Machine Co.—
4%%
7%
(quar.)
Inc.,
preferred class B
National
Radiator
Co.,
common
National
Standard
National
Union
Newberry
New
(J.
England
J.i
Co.,
t 1.
7
7%
1st
4- 2
3-26
7%
4-2
3-26
7%
3-21
3-
20C
.___
Co
4-
2
3-25
3-\6
River
3-5
2-13
Rohr
Aircraft
4-
1
3-15
Roos
Bros.,
4-
1
3-15
(quar.)
3-15
2-28
Rubinstein
com.
4-
3-16
Russell
Safety Car Heating
Quarterly
25c
-60c
(quar.)
A Tel
2
$1.50
Jersey Zinc Co
M'trng Corp
Newport New* Shipbuilding
Newmont
3-31
3-
-50c
New
3-10
2-20
9
Paper
Co.
Manufacturing
&
75c
3-22
3-14
Co., common 'nun.l
Niagara Lower Arch Bridge Co., Xtd. (quar.)
Niagara ©hare t -n - -
$1.75
3-14
2-23
Savannah Electric & Power, 6 r/o
preferred
A
Niles-Bement-PjrH
Co.Noranda Mines. L*d. (guar)
Norfolk
North
& Wesiev
American
dend)
tric
to
Ry„
Co..
common
(one
for
2-28
3- 1
3-15
3-5
t$l
3-15
2-15
$2.50
3-10
2-14
(stock
100
of
shares
held
$6
1st
preferred A
1st
preferred B
(quar.)
(quar.)
debenture
debenture
D
B
common
Scott
Brewing Co
Paper Co., common
71%c
.
(quar.)_
——
——
2
3-
9
$4.50
75c
,
4-
4-
2
3-
9
Seaboard Oil
30c
3-10
3-
1
Sears, Roebuck & Co.
4-
3-22
Securities Acceptance
$1.50
$1.50
4-
2
2
3-22
6%
preferred
preferred
Co.
preferred
of
Stores,
Inc.,
2nd
3-10
3-
1
$1
3-10
3-
1
3-31
3-19
(quar.)
Co.
(quar.)
Oils, Ltd
:
2
2-
7
6-
1
5-15
9-
1
8-15
12-
1
11-15
3-
8
2-26
25c
3-27
3-
15c
3-10
2-26
50c
3-15
2-15
Tennessee
Texas Gulf
2-15
Texas
3-31
2-28
Textron
3-31
2-28
$2.50
prior
preference
(quar.)
62¥ac
8-
1
7-21
3-15
2-23
$2.50
prior
preference
(quar.)
62¥2c
11-
1
10-22
4-
1
3-
9
4-
1
33-
3
3-15
$3
2-26
4-
3-
2
3-
3-15
1
Sulphur
convertible
5%
62¥2c
(quar.)
<quar.)_
Roofing Co.,
$1.40
5
(quar.)
75c
3-15
3-
5
common
25c
3-15
3-
1
$1.25
3-15
3-
1
4-
3-
9
preferred
Inc.,
preferred
(quar.)
common
$1.12¥2
6-
1
5-
1
8-
1
12-
1
11-
5'/o
1
9-
1
&
10c
Williams
preferred
Truax-Traer
5¥2 %
preferred
3-30
3-21
Tuckett Tobacco.
4-18
Twentieth
3-15
3-31
$1.50
2-28
4-14
Co.,
3-
2-24
3-
5
3-15
3-
5
3-10
2-26
3-15
3-
$$1.75
4-14
3-30
50c
3-30
2-28
37¥2C
(quar.)
9
208
4-
2
3-
9
'Union
4-
2
3-
9
Union
Carbide <fc
3-26
3-
1
Union
Wire
Salle Street Corp.
3-30
2-28
3-15
2-28
$1.75
3-30
3-
50c
3-24
3-14
4-
3-10
5-
Co.
4-16
1
Carbon
United
Chemicals,
3-31
3-31
Payable
3-15
25c
3-15
Inc.
of
on
I5e
Corp.
Coal
3-15
7'to
7-
6-15
United
7-
6-15
United
10-
9-15
United
10-
9-15
(increased
preferred
6%
Gas
(initial)
3-
5
6.36%
3-
5
7%
prior
preferred
prior preferred
3-10
50c
3-20
30c
4-
2
3-22
5%
25c
4-
2
4-15
Stock
3-15
2-28
4-
3-15
U. S.
3-15
4%
non-cumulative
class
non-cumulative
class
class
A
New
j-
on
common«;
(quar.)i___
4-
2
3-10
2-23
75c
6-30
6-15
12-31
12-15
U.
U.
3-15
3-
1
3-10
3-
-
1
4-
3-
2
2
3-
9
2
3-
9
3-
9
3-
9
4- 2
4-
2
3-15
3-15
3-12
3-12
2-28
3-1
U.
44-
2
3-15
4-
2
3-15
4-
2
3-16
7-
2
2
3-15
6-16
3- 7<
2-28
3-13
3-
4-10
3-20
50c
3-15
7
2-10
(quar.)
5-10
9-15
8-10
3-15
3-
40c
____/__
6-15
'3-20
2-28*
40c
Pipe & Foundry
50c
6-20
5-31*
1
40c
(quar.)
9-20
8-31*
40c
;
Playing Card
12-20
11-30*
50c
$1
_•
Potash Co
50c
4-
1
3-16
4-
1'
3-16
3-22
3-
1
4-
2-
1
U. S.
Printing & Lithograph Co.—
6%
convertible preferred
(quar.)___
U. S. Rubber Co., common
8%
non-cumulative
1st
8'/o
non-cumulative
1st
4-20*
3-15
3-
3-10
2-13
4-
2
3-10
Sugar, $5 preferred (quar.)
$5 preferred (quar.)
1
6.4%
preferred A (quar.)
4-
2
3-10
6.4%
i ll. S. Steel Corp.,
U.
(quar.)
2-19
6-11
5-21
3-10
2-
$1.25
.-
2-19
3-12
$1
S.
3-12
$2
$2
-
common.;
preferred A
2
50c
preferred---.
5-1
62%c
preferred
4-20*
1
3-13
2
50c
:
2-26*
•
1-31
4-
$2,50
(ouar.)
1
5-
2-28
15c
S.
S.
2-24
30c
-
^
Graphite Co
Extra
U.
2-23
_
S.
S.
6
100%
Quarterly
Quarterly
Quarterly-
9
44-
Casualty Co.—
2-23
3-
$1.25
common
United New Jersey RR. & Term. Co.
2
6
$1.25
(quar.)
dividend
3-
50c
A__
non-cumulative
preferred
2-20
3-10
53c
A
A'/o
4%
3-10
3-10
1
58¥ac
(monthly)
(monthly)
United Merchants & Manufacturers—
5r/o
preferred
(quar.)
2-28
3-
50c
Illuminating Co.
3-15
3-15
2
35c
Light & Railways Co. (Del.)—
prior preferred (monthly)
3-20
3-15
50c
1
Cos
(quar.)
Improvement
4-
at
Engineering & Foundry, common
4-
2-21
$1.75
Elastic
Electric
3-15
1
3-15
1.,
United
2-20
4-
2
3-
40c
Chlorine
3-
30c
dividend)
2
3-15
25c
(stock
Westvaco
March
3-12
4-
25c
(quar.)__
3-19
75c
common
United
3-15
1
25c
(quar.)
stock
on
market value
2
75c
(quar.)
(quar.l
United
2
$1.12¥2
(quar.)
Bag & Paper Corp
Carbon Corp.
2
50c
3-
4-16
1
3-10
(quar.)
2
1
3-15
$1,371/2
4-
5-
3-31
3-15
(quar.)
Products,
2-24
20c
common
Aircraft
7
$1.25
preferred
Corp.
3-
3-10*
3-10
„
30c
Rope
3-
$4
3-22
La
2
25c
$4.50
South
2-16
4-
50c
common
preferred
conv.
5
$25e
(quar.)_
7%
3-,
$65c
(quar.)
Century-Fox,
2-26
3-20
$7¥2c
Forging Corp
2-26
3-15
50c
(quar.)
(quar.)
Coal
5-
1
Steel
3-15
50c
Insurance Co.
common
1
35c
(quar.)
(quar.)
Axle
Bearing Co
Tip Top Tailors, Ltd. (quar.)
Co.,
4-21
3-
<quar.)__
Associated Oil—
convertible
1
3-15
preferred
S4.50
5-
7
10c
preferred
Inc.,
pref
pr.
common
Products,
Water
Tilo
(quar.)
Company,
Thompson
5
Producing Co. (irregular)
Incorporated, $2.50
Thermoid
9
3-14
Corporation
Gulf
2
10c
37¥20
1
4-
30c
Co
75c
(quar.)
3-
2-15
Steel
25c
(quar.)
1
50c
&
$1.12%
(quar.)
4-
2-15
45c
(quar.)
1
3
50c
Iron
4-
$1
3-
3-
50c
prior preferred (quar.)
City Rapid Transit, 7% pfd. (accum.)_
Twin Disc Clutch Co., ne\ff (initial)
>
1
3-31
3-15
3-15
25c
'
3-
3-15
3c
;
3-15
3-15
$3c
Travelers
(quar.)
3-24
2-24
40c
Transue
$3
2
10c
3-15
25c
2
4-
3-15
30c
Sylvanite Gold Mines, Ltd. (quar.)
Syracuse Transit Corp., common
Common
4-
25c
$lc
pfd.
3-15
$1.25
5
25c
7¥2c
prior
(quar.)
1
$40c
$40c
$40c
2-28
3-15
$1.37¥2
common
3-
60c
preferred
4-
$2
Corp.,
(quar.)
3-14
(increased)
com.
4-1
$1.87¥2
Delaware
3-31
60c
2-15
3-15
$1.75
I
3-31
3-i5
Phosphate & Acid Works
$8.50
(quar.) J
(quar.)
2-23
4-14
Common
$1.62 ¥2
(quar.)__
$4
Wholsale
$1.25
(quar.)
2
3-15
4-14
(quar.)_
2-15
(s-a)
(quar.)
A
3-
25c
75c
pld.
$1.25
$1.06¥4
Ohio, 5%
(quar.)
8
(s-a)
(quar.)
Company,
2
(quar.)
1
Taylor-Wharton
25c
pfd.
2-15
Sunshine Mining Co. (quar.)
Sutherland Paper Co. (quar.)
Swift & Co.
(quar.)
6
Inc.—
(quar.)_
debenture
preferred
(Kentucky)
of
3-
50c
Schmidt
(Subject
2-
12¥zC
C
2-15
3-15
Toronto Elevators Ltd., 5¥»%
pfd. (quar.)__
Toronto General Insurance Co.
(annual)
;
4-
North American Car Corp., common
$6
7¥2%
8¥o
Schiff
2
Oil
Sunset
75c
debenture
5¥2%
divi¬
SEC)
preferred («uar.)
preferred
(ouar.)
¥2%
7%
3-
3-15
25c
3-16
Semi-annual
6
25c
.
(quar.)—
5%%
6%
3-10
3-15
of Pacific Gas & Elec¬
each
approval
com.
$50o
$1.50
(quar.)
2-21
2-15
3-15
50c
2
37¥aC
Savage Arms Corp
6%
3-10
5
3-15
(quar.)_
Sterling Engine Co.
Stokely-Van Camp, 5%
Sun
50c
Ltd
3-20
3-
30c
(quar.)
(Indiana)
4-
$1.00
Bridge.
2-23
36¥ic
2-26
$1
Corp
Oipe«s Flectric Light & Power
4-16
5
50c
preferred
7¥2C
Lighting Co.,
Assn.
1
3-
(increased)
3-12
St. Joseph Lead Co.——
Sarnia
3-
8
6%
$1.75
(reduced)
Remedial Loan
5-
1
$1.12%
25c
2-23
&
Co.
Bros.
25c
4-16
New York
Co.
Oil
non-cumulative
$1.75
3-15
4-16
(quar.)
common
(quar.)
of California
Oil Co.
.
Standard
$1.75
(increased)
Co.
2-28
5-
Roller
Inc. (quar.)
Co., $1.20 conv. pfd. (quar.)
(Helena), class A (quar.)
Francisco
Oil
1
3-12
$1.25
Insurance
Inc.,
preferred
Standard
7*
25c
Extra
San
$4.50
$1.75
5- 1
_
Brands,
$1.75
$1:25
-Drydcck—
Accident
United
"37 ¥2 c
&
$5 •preferred (mmr.)
New York C'tv o~<nlbus
$5
Standard
Timken
(quar.)
Corp.
50c
3-5
$1.06%
2-28
Root Petroleum
12%C
J
Raisin
3-
(irreg.)
preferred (quar.)
$1.75
7% 2nd preferred (quar.)
Riegal Paper (quar.)
2-13
5
2-17
3-15
$1.25
3-10
15c
2nd preferred (quar.)—
1st preferred
(quar.)
3-
3-10
$1.12¥2
Common
5%
12¥2C
(quar.)
3-26
3-15
45c
(quar.)
Detroit
15c
preferred (quar.)
preferred
$1.50
$4,25 preferred Series B
(quar..)
Staley (A. E.) Manufacturing Co.—
Standard
5-15
35c
preferred Series A
Timken
(quar.)
50c
$1.50
$1.31%
Inc.
2nd
$5
United
.
7'/o
3-17
1
37¥20
Rice-Stix Dry Goods Co.—
7%
1st preferred (quar.)—.
3-14
2
4-
$1
Nelii Corporation, common
Brothers.
7-31
81c
Southwestern Public Service
Co., 6¥2% pfd._
Sparks-Withington Co., 6% conv. pfd. (quar.)
Kellogg & Sons, Inc..
Spiegel, line., $4.50 preferred (quar.)_
Squibb (E. R.) & Sons, common
1
—_
25c
(quar.)
Insurance
Extra
Neisner
3-15
$1.50
.
Corp.
Fire
2-26
2
25c
___________
Co.
National Terminals
Reynolds Spring Co.—
Rheem Manufacturing Co.
8-15
4-11
$1.12¥2
Reymer & Brothers (quar.)——
7-21
15C
National P.JOber Machinery Co
National -Shirt Shops (Del.), common
$6 preferred (quar.)
4-21
1
3-15
8-15
4-13
3-
(quar.)—
1
4-
9-15
35c
(quar.)
b%
8-
25c
$1.25
(Dallas)
3-
—_——
preferred (quar.)
Motors, Inc. (irreg.)
Republic Investors Fund—
6% preferred class A (quar.)_
5-
$1.25
(quar.)
Ins.
3-15
(interim)_
common
2c
$1.75
preferred
Life
$1.75
2c
National Lead. 7% class A pfd. (quar.)
National Linen Service Corp., common
National Paper & Type, 5% preferred (s-a)
non-cumulative
Twin
$4.50
6%
Quarterly
6-15
3-15
(111.)—
Reo
*
$1.25
Trion
(quar.)
dividend
(quar.)
1
2-23*
2-15
2-15
preferred
4-
3-
3-15
non-cumulative
Sterchi
3-15
2-26
3-19
75c
3-15
3-15
4-1
2-28
75c
common
$1.25
2
3-20
3-15
$1.25
Co
3-15
pfd. (accum.)— $$1.62¥2
$1.06¥4
Manufacturing Co.
Stock
(accum.)
(quar.)
4-
1
3-20
preferred
4-
3-
4-20
4-16.
non-cumulative
4-16
3-28
5-15
$$1.50
Common
2
3-20
3-20
Co.—
37 ¥20
50c
—
preferred
preferred
preferred
Remington-Rand,
(quar.)
Power
Spencer
5
Ltd.—
Grain, Ltd., 6'2%
preferred (quar.)
preferred
preferred
2-20
4-15
4-15
,
25c
(quar.)
(quar.)
:—
$1.60 non-cum.
(quar.)
Reliance Electric & Engineering, common—
$5 convertible preferred (quar.).
Reliance
Co., Ltd.—
10c
Knitting Mills,
Reliance
Colorado
3-15
37¥2fi
34%c
$20c
Power
Oil Co.
3-
37%c
(quar.)
(quar.)
37¥20
(quar.)
Co., 4%
1st preferred (quar.)
Real Silk Hosiery Mills, 7% pfd. (accum.)—
5% preferred A (quar.)—
5-12
(quar.)___
C
preferred
4-16
Reading
3-16
B
preferred
1
57o
5
$75c
Co.—
1
:
preferred
4%%
3-
$$1.50
(quar.)
3-30
5
Standard
3-
2¥20
1
3-
original
Tide
—
1
5-
3-31
Standard
3-20
87 ¥2 a
3-
5-15
2-24
4-16
10c
25c
3-10
5c
2-20
3-15
$1.25
$1.50
—
convertible
Class
8c/o
6-
40C
preferred (quar.)—
National Biscuit Co., common
National City Lines, common (quar.)
.
5% preferred (quar.)—
6% preferred (quar.)
Purolator Products, Inc. (irreg.)
:
Quaker State Oil Refining
Radio Corp. of America—
$3.50 convertible 1st prefei red (quar.)
Rand's (Pittsburgh) common
10c
13%c
5
20c
50c
common
preferred (quar.)
(quar.)
California Edison—
(s-a)
vonv.
3-12
3-
Co.,
Rath
—
preferred
preferred
$0,401
$0,425
$1
65c
75c
25c
—-—-i
-
2-15
50c
convertible
6f/c
<(0c
Oil
Pure
-
3-15
National Automotive Fibres. Inc.—
;/
$1.50
2-28
Stanadard
Inc.
Rapid Electrotype Co.
Co
1
—-
2-15
__
Ring
Piston
3-
3-10
5-10
pfd.
Manufacturing Co
2
2
5-10
8%
4-
3-15
Southwestern
1
4-
1
—
Water Works Co.,
3-
.
1
preferred (quar.)
Muncie
2
3-10
3-15
$7 preferred (quar.)
$7
4-
3-10
6-
$7 preferred (quar.)
$1.50
$1.25
2
6-
(quar.)
Mullins Manufacturing—
2-23
2
$2
Mueller Brass Co.
2-15
9
15c
Inc.
Co
Railway,
3-12
7
3-
4-
$2
(quar.)
2
3-
preferred (quar.)
$$1
(J. P.) & Co
Morgan
4-
40c
2-21
2-17*
Pacific
3-11
4-
1st
(quar.)..—
Co.
1
2-21
5%
3-11
4-
3-14
5%
3-11
1
25c
6¥40
5% 2nd preferred (quar.)
62¥20
Price Bros. & Co., Ltd., 5¥2% pfd. (quar.)_ $$1.37¥2
Procter & Gamble Co.,.5¥* pfd. (quar.)—a.
$1.25
Proprietary Mines, Ltd. (interim)
$5c
Public Service Corp. of New Jersey—
$5 preferred
(quar.)
$1.25
6% preferred (monthly)
50c
7%
preferred (quar,)
—
$1.75
8%
preferred
(quar.)
*a
Public Service Elec. & Gas, $5 pfd. (quar.)—
$1.25
7% preferred (quar.)— __w<
$1.75
5%
$2.25
(quar.)
& Mortgage
Loan
1
4-
& Co
—
——
common
3-31
4-
Phelps
$$1.75
Montreal Cottons, Ltd.,
3
3-21
Pullman,
1
pfd. (quar.)
com. (lrireg.)—
7%
Insurance
3-
4-
Regulator,
(irreg )
Knitting Co.,
5*
3-21*
50c
$2
Pipe Line,
Life
3-
2
50c
©
ChrsS
4-
(quar.)—
(quar.)—
Mississippi River Power, 6%
Monarch
3-15
(accum.)..
Refineries, conv. pfd. (quar.)—
MillerHart, Inc., $1 prior preferred
Monarch
2-26
9
3-15
8% preferred (quar.)
Missouri-Kansas
3-
15c
Mid-West
Minneapolis-Honeywell
3-15
4-
3-
25c
common
preferred
2
12%C
pref.
conv.
Products,
4-
25C
(quar.)
Corp., $2
Steel
non-cum.
3-15
$1.75
preferred (quar.)„__
Michigan Seamless. Tubes
Michigan Steel Tube Products (irregular)..
Micromatic Hone Corp., common.
conv.
2
$1.50
7%
5%
4-
$1.50
(quar.)
3-
2
4-14
35c
3-20
3-10
4-
25c
2
35c
3-15
$1.50
3-15
Southern
2-28
Pfeiffer Brewing Go
4-
3-1G
3-15
2
$2c
Dodge Corp
Philadelphia Co., $6 pref. (quar.)
$5 pref. (quar.)—:
Philadelphia Germantown & Norristown RR.—
Quarterly
Philco Corporation
Philip Morris & Co., Ltd., 4%% preferred—
4%% preferred
Pilisbury Mills, $4 preferred (quar.)
Pilot Full Fashion Mills, Inc., 6 ¥2% pfd. (sa-)
Pittsburgh Bessemer & Lake Erie, com. (s-a).
Plymouth Oil Co. (quar.)—.
Powdrell & Alexander, Inc
Power Corp. of Canada, Ltd.—
6%
1st preferred (quar.)
6% non-cum. partic. preferred (quar.)—.
Pressed Steel Car Co., Inc., common
2-15
2-19
2
4-
25c
Pfizer
(Charles)
3-15
4-
3-15
25c
Southern
1
$1.06J/4
$1.06%
3-20
2
3-13
(quar.)
common
3-20
4-
3-
3-31
|Gold Mines, Ltd (quar,)—.
Milk,
1st preferred (quar,)_.
2nd preferred (quar.)_____
2
(quar.)
Car
preferred
Peoples Drug Stores. Inc. < irreg.)
Peoples Gas Light & Coke Co.
2
3-10
3-15
30c
3-31
$1.62%
2-23
—
4-
$1
3-10
(quar.)
$1
—$1.25
40c
i
$1
4-
Michigan Public Service Co.—
6%
com.
50c
62¥2C
Metal & Thermit Corp., common
9
Water & Power,
(quar.)—.
25c
Co.
Machine
3-
3-15
2-28
3-12
2-21
3-
preferred
7%
1-31
3-20
3-15
$75c-
(quar.)
(quar.)
6%. partic, preferred
2-28
2
25c
Common
3
3-15
4-
1
3-14
Southern
9
3-
75c
$1.12 ¥2
(quar.)
*
preferred (quar.)
prefeired (quar.),..
J^irgenthalgr Linotype ...
Merritt-Chapman & Scott Corp.—•
6 % % preferred A (quar,) —
7%
33-
3-
1-31
3-12
Southern Canada
3-16
1
30c
$1.31 ¥4
common
5%%
Meteor Motor
15c
_
4%%
Mesta
2uC
$1.50
——L
preferred A (quar.)——
$6
$5.50
'
3-JU
8-J.6
—— -
Corporation, common
Mead
5
3-
4-
$$1
$$1.75
(J.
preferred
3-20
3-16
3-30
(quar.)
3-10
3-30
3-16
3-31
3-15
Switch, Class A (quar.)
3-10
3-31
2
25c
5%
3-17
50c
(quar.)
com.
Electric
$21
4- 2
2-23
4-
40c
(quar.)
6'/o
5¥2%
3-
3-15
$20c
*
Corp.
Southern
2
50c
Inc.
62%c
3-
25c
3-20
(initial quar.)
3-15
3-17
3-21
$1.50
cum.
Sonotone
1*
$1.40
(quar.)
12c
preferred (accum.)
3-
3-17
1
4-
$20c
preferred
Manufacturing Corp.,
55c
3-30
1
5c
1
Inc.
Aircralt
Solar
3-15
25c
Co
35c
7%
4-
3-15
15c
75c
Master Electric Co.—.....—
McCord Corporation $2.50 pfd.
3-15
—
C.) Co. Cquar.)
Pennsylvania Salt Mfg. Co.___.__,
'«
2-24
4-
6 ¥2%
2-26
10c
Steel Co.____
Manufacturing
Solar
2-14
3-
&
2-26
$1.25
(quar.)
Socony-Vacuum Oil Co.,
2-14
4-
Co.
Extra
1
4-
50c
preferred (quar.)
Penney
9-
10-
$15c
(irreg.)
Line Co
:
Massachusetts Investors Second Fund, Inc.—
*
Irregular
Matthiessen & Hegeler Zinc Co.—-
?25c
Singer
Skilsaw,
1
50c
(Peter).
$5
3-
1
15c
Manufacturing Co., Ltd.,
preferred (quar.)
7%
2-20
4-
Saw
Simpsons, Ltd.,
4-15
3-20
Simonds
2-20
50c
Car Co.
Wolverine
3-10
4-15
(quar.)
Paramount Pictures
Parker
3-10
$1
Extra
15c
3-23
3-31
5-15
(quar.)
Co.
Panhandle Eastern
25c
(quar.).—
2
3-31
5-15
Co
Motor
4-
G.)
3-
3-15
25c
Corp., common
preferred (quar.)
2-24
3-15
10c
Manufacturing Corp
Silverwood Dairies, Ltd., common (accum.)__
40c participating preference
is-a)
Simmons Company
9
3-20
—
12-22
2-
$25c
Extra—
1-2-46
3-10
of Rec.
3-12
23c
convertible
(F.
Holders
3-5
15c
:
Sheller
9
$25c
10c
Plantation—
Indemnity
2-
$$1.25
(quar.)
Sugar
3-10
Steel
Payable
12 ¥2c
.
Shattuck
1945
When
Share
'.
.
(R.
Sharon
3-15
2
.
Class B
$5
$1.50
(quar.)
Lt., Heat & Pwr., Ltd., com. (quar.)
preferred
Paauhau
2
4-
Company
Co
B.), Inc. (quar.)_
Serrick Corp., class A <quar.)__
3-31
20c
(quar.)
(increased!
Common
3-22
4-
$$1.25
■
common
3
3-
Packard
<
Corp..
3-
2- 9
87%c
common—
Ottawa Car & Aircraft, Ltd., com. (increased)
3-10
.
Co.
preferred
3-15
13c
___
Masonite
6%
3-15
$1.62%
$1.62%
$1.62%
$1.62%
6%%
6%%
%
6%%
(R. C.) Co.
Elevator
25c
—
2-21
$1.50
$25c
$$1.75
(quar.)
preferred
7%
Otis
$1.50
(quar.)..
(quar.)__
common
Inc., common
preferred (quar.)
Ontario Steel Products, com
6%
$1.75
(quar.)
common
6%
Mahon
Omar,
1
preferred (quar.)
—
preferred (quar.)
preferred (quar.)
preferred (quar.)
Macassa Mines, Ltd. (rcdi:c?d
MacKinnon Structural Steel Co., Ltd.—
5% preferred (quar,)
Magazine Repeating Razor Co., common
$5 preferred
(quar./
Magqin (I.)J & Co. (quar.)_
*
Ogilvie Flour Mills, Ltd.,
2-24
2
3-26
Shoe
Semler
5
15c
2-24
2
2-
50c
Pharmacal
3-21
4-
3-12
$$1.50
Extra
3-10
$2
2-23
5c
Norwich
3-31
3-10
3-10
60c
.
3-
'
$1
7-
,
—
(irreg.)
Gas
$1
50c
JO-
Co
Gas
Northern
Northern Ontario Power, 6% prelerred
Norwalk Tire & Rubber Co., 7% pfd. (quar.)
—
Manufacturing & S»1es Co.
Lunkenheimer
10-26
Selby
3
3-10
25c
(quar.)
(irregular)
Co.
2-28
———
Louisville & Nashville RR.
Ludlow
1
Insurance
Name of
7-21
1
$1
2-28
Gas Co
Star
11-
(quar.)..
preferred
Lone
North River
$2
preferred
preferred
8'~«
7-26
$2
'quar.)
preferred (quar.)
8%
8%
1
(quar.).
8%
~
8-
8-
Per
of Rec.
Payable
$3.50
(quar.)
3-12
(monthly)—
common
North Pennsylvania RR.
73-12
—-----—
Pipe Co.,
4-25
(s-a)
25c
6%
Joint
preferred
37 Vic
Lincoln Service Corp.
Original capital
1
30c
(quar.)
5-
30C
Ind.
Wayne,
(Fort
Share
of Company
North Carolina RR. Co., 7%
Monday, March
Holders
When
Per
Holders
Share
Name of Company
Lock
& FINANCIAL CHRONICLE
THE COMMERCIAL
1026
4-16
4-
2
$1.25
7-16
7-
2
40c
3-12
2-26
40c
6-11
5-26
9
-
Volume
Number 4365
161
THE COMMERCIAL & FINANCIAL CHRONICLE
Per
Name of Company
.
.
Radio
3-12
3-
3-14
3-
2
preferred
(quar.)
preferred
3-
7
1
2
7-
2
8
Co.
3-10
Amort.
Common
5%
3-
6%
preferred
preferred
Detinning
7%
Co.,
preferred
Wabash RR.
4Vu%
Co.,
5%
Common
$1
.___
b
Co.,
preferred
(quar. >__•
7%
preferred
(quar. i
(c
Waukesha
Motor
Co;=
Wayne Pump Co.
Welch
Texas
Western
5%
Tablet
Accrued
Accrued
interest
3-15
3-
5
Other
5
Unamort.
6-
1
Electric
Will
Hosiery
Co.,
4-
1
3-19
2
3-12
2
5
3-15
3-
3-10
$1.50
1
4-16
5-
1
4-16
8-
1
7-16
$1
8-
1
7-16
$1.50
11-
1
10-15
$1
11-
1
4-30
4-16
Paper
(quar.t
Power
&
preferred
3-12
Woods Mfg.
Woodall
Woodward
Ltd.
(F.
Worcester
W.t
Co.
Feb.
2-28
Sept.
3-31
2-28
cents.—V.
15c
3-15
25c
3-
6
2-21
35%
3-
8
1-30
3-15
(quar.)
Transportation
prior preferred
4V2%
convertible
20c
3-20
3-
3-
preferred
(quar.)_
Co.,
3-15
3-
?5c
Class
income
closed
3-10
3-
3-15
3-
50c
3-15
2-17
4-
3-10
1
25c
3-15
3-
3-
of
dividend.
Corp.
—
the
On June
stock
at March
15,
had
no
The
directors
Feb.
Dividends
1944.
made
was
in
are
declared
26
arrears
dividend
a
payable March
distribution
similar
A
on
the-class A stock,
of
20
cents
per.
this
issue
in
on
■week
of
output for
Feb. 24, 1945,
ended
kwh.,
5,352.000
—V.
this company and its subsidiaries for the
amounted to 136,017,000 kwh., an increase
electric
or
4.1%,
over
161, p. 919.
the
of
agent,
that
year-end of
a
week
corresponding
in
1940
the
of
as
{
_
1944
$118,564
$109,484
$124,48a
'3,175
14,911
88,836
105,088
'16,993
income
161,
1,653
7,591
1943 '
605.
p.
interested
all
for
1942
|
5,859
;
,
;%•
1
Plan—
parties apparently agreed that a proposal of tha
New York, and the Harris Trust & Savings Co.^
National Bank,
Chicago,
compromise settlement
with the company, whereby the
bankrupt concern would be increased approximately
S. District Judge James Alger Fee, at Portland, Ore.*
before whom the petition for settlement came, Feb.
13, referred tha
matter
to
special master in bankruptcy Estes Snedecor for further
■hearing.:
Attorneys for Pepco, the prior preferred stockholders Of the Com¬
assets
U.
Portland
pany;
General Electric Co.; Guaranty Trust Co.; the bond¬
and: the SEC ah told Judge Fee. the proposal is acceptable lit
although there might be some differences of opinion: as to
holders,
general,
exact
the
a
the
of
$3,000,000,
valuation
"direct"
of
benefits
will
that
ensue
if
the
pro*
Portland General Electric Co.—Settlement of Claims—
The
has filed an application with the SEC fefeaifdih^
transactions, which ' 10 summarized as follows:
proposes to pay $1,810,5f5 in cash and deliver 53,500 shares
preferred stock of Con .0. Ida ted Electric & ■ Gas Company to
company
Portland
Of
$6
Chase
National
Bank
in
which
before
of
the
court,
the
collateral
40
eral
stock
firm
for
order
By
not
are
of
the
the
the
court,
on
of
stock
their
received
final
the
order of
Powdrell
the
the
court
Dec.
stock
of
stock
20,
hold
such
thereto
when
duly sur¬
represented by
1944,
the assets
such
for
are
certificates
the
sum
of
June
Los
have
made
commitment
a
above.—V.
160, p.
j
1670,
$5
par
Alexander, Inc.—20-Cent Dividend—*
March
15
and
Feb.
on
value
1.
17
declared
common
Payments
<
Sept.
15,
15
cents
dividend
a
stock,
last
of
20
payable March
year
each;
were
and Dec.
cents per share
to holders of
15
follows;
as
15,
20
March 15,
cents.—V. 160,
2335.
p.
'
NOTE—rFor
possible
order.
mechanical
it
reasons
is
not
always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical
possible.
as
/
*
"
Provident Mutual Life Insurance Co, of Philadelphia
—Annual
is deemed
for such
hands of
in the
Report—
The 80th annual report for the year 1944, made public on Feb. 13 by
M. A. Linton, President, shows that holdings of U. S. Government
bonds
increased
were
consecutive
exceeded
nxents,
policy
year
to
of
$156,376,000,
represent
an
In
company
Government
assets
securities
during" the
at
the
end
in
insurance
22%
of
same
1944
y
►
insurance
Increase
of
33.6% of the company's total invests
average investment of more than $750 per
or
owner.
New life
an
-
increase
holdings
Total
and
by $32,120,000
during 1944.
For the
third
increase in holdings of U. S, Government bonds
the
total
the
period.
paid for during the year amounted to $72,052,000,
the $59,083,000 reported for 1943.
Total life
over
force
at
the year-end
amounted to $1,089,170,000, an
during the year.
to policy owners and beneficiaries in
1944 amounted to $24,921,000, and assets belonging to them increased
by $29,320,000.
Total admitted assets were $474,237,000, and compare
increase of $33,832,000
Payments
with
made
credited
or
$444,918,000 at the end of
1943.
Premium
income
for
the
year
amounted
$34,171,000 in 1943.—V. 160, P.. 1742.
to
and for contin¬
orders of the
or
Public Utility Engineering: & Service
Electric
'tion
Angeles, Calif.
output
for
the
compared
$35,996,000
against
of
with
Corp.—Output—i
the
operating companies served by this corporaFeb. 24,
1945, totaled 199,800,000 kwh., as
191,740,000 kwh. for the corresponding week last year,
week
ended
increase of 4.2%.
an
Electric
tion
for
output
of
the
operating companies served by
this
corpora¬
the
week ended Feb. 17,
1945, totaled 202,778,000 kwh., as
with 196,192,000 kwh. for Ihe corresponding week last year,
increase of 3.4%.—V. 161, p. 772.
n
>>
1
compared
an
Corp.,
banks
$68,625 of
becoming due or to be incurred after Dec. 31, 1944,
gencies, to be disbursed subject to the further order
court.—V. 161, p. 572.
*
Pig'n Whistle
payment of the loans (except the
will be returned to Portland Gen¬
the
Co.—Sale Approved—
Electric Co.
&
directors
the
record
in
the $112,625 set aside for the payment of
expenses,
allowances/ reserves for
taxes and for contingencies was made available to the trustees to pay,
without further order of the court, all expenses and allowances in¬
curred or allowed prior to Dee, 31, 1944, including Federal income tax
due for the period from Sept. 1, 1944, to Dec. 31, 1944, and the bal¬
ance
of $44,000 was set aside to constitute a reserve for expenses
an
Savh;>g$
161, p. 772.
Associated
The
sur¬
and
receivers.
to
and
against Portland,
the
in'
Co.
position
share
set
to
entitled
common
before
or
day
directed
and
common
Thereafter,
redeemed.
the
stock)
addition,
Portsmouth Gas
on
the Court
in
Industrial
common
stockholders
shares
Trust
banks
the
merely evidence of ownership of
Pursuant
"
to
the
surrendered
and
In
Co.
Co.
the
ordered
were
them
representing
Harris
these
Portland
months from Dec. 8, 1944, to lend to Portland General
$5,500,000 repayable in 20 equal semi-annual instalments
with interest at 2%
per annum.
Litigation involving the claims on
the notes is pending in the U. S. District Court for the District of
Oregon and the proposed settlement is the subject of hearings in that
to
Trust
had
1944,
and
of
of
nine
Electric
non-di¬
submitted
adopted.
was
the
20,
York
claims
notes
registered
the Chancellor of
each stockholder who
of
and
New
all
to*'secure
held
Electric
Investment
by
to
of
of
certain
,
See
and
stockholder filed,
appointed
Dec.
receivers
deliver
to
hold
preferred stock of Consolidated Electric and Gas are pledged, among
other collateral, to secure the notes held by these banks.
The banks will release Portland General Electric Co. from all
obliga*
tions by reason of any loans heretofore procured from the
banks, and
amounted
or
The
and
Bank
settlement
banks
aggregate face
amount of $4,889,663 with accrued interest of
$1,078,179, or an aggre¬
gate claim of $5,967,842 as of Dec. 13, 1944.
The 53,500 shares Of $9
has ceased
closed-end,
a
company
approved
a
delivered
their
order
canceled
1944.
.1
With
Chase
court.—V.
company
meaning
the
certificates
or
ah
stock
each
Philadelphia Electric Co.—Weekly Output—
The
27,
12,
and redemption of the shares of stock so suror bank
cashier's check and certain securities,
on
certificates
2.
quarter during
this issue.—V. 160, p. 2300.
on
Dec.
record
June
the appointment of the directors
the court entered an order appointing
previously
certificate
fully
share
12 to holders of record March
486,75S
,
$99,945
railway____
oper.
charge of the estate and effects of the cor¬
the plan of liquidation and dissolution
directions
Del.,
to
stock
rendered.
Sept.
Petroleum & Trading Corp.—20-Cent Class A Dividend
-
take
surrendered
surrender.
on
the
on
of
court, Prew Savoy and Clarence A,
Southerland were appointed receivers of all remaining assets belonging
to stockholders who had failed to surrender their certificates of com¬
action 011 the preferred dividend
Distributions of 50 cents each were,
15 and Dec. 15, 1944. Arrearages
15, 1945, "Will amount to $96.25 per share.—V. 161, ,p. 771.
June
15,
: ;
Portland Electric Power Co.—Parties Back
all
share
per
bill for
a
1944,
26,
distributing
his
Pursuant
Action
$278,443
129,838 '
v;
pledged shares of preferred
cents
remaining assets.
assets
March
the
to
certificates
on
20
representing the stockholders pro rata share of all remaining assets
except the sum of $112,625 set aside to cover expenses, allowances,
reserves
for taxes and contingencies.
At the close of business on
Dec. 20,
1944, the holders of over 97% of the outstanding common
Preferred—
made
of
Act
dissolve
21, 1944, and was
the dissolution,
trustees to
as
rendered
the
No
ry.
Transporta¬
Delaware and has been
in
after
Wilmington,
mon
The directors in February took
ordinarily declared at this time.
June
complete cancellation
rendex-ed, a certified
(Continued from page 992)
Cement
taxes
;
railway
Baker, Henry C. Brunie, Walter W. Colpitts, Joseph I. Lubin
S. Mack, Jr., as trustees.
The order authorized and di¬
B.
Court
Investment News
Dixie
Net
poration and to carry out
adopted by the stockholders.
General Corporation and
Pennsylvania
income
3,448
$193,86(1
1945
from
Walter
rected
1
the
within
1929
and
trustees.
and
tPayable in U. S. funds, less 15 % Canadian non-residents' tax,
tPayable in Canadian funds, tax deductible at the source.
Non¬
resident tax, 15%; resident tax, 7%.
a Less British income tax.
-
605.
company.
Chancery in Delaware,
Hugh
1
3-12
and
declared
23
Company
as
1
$1.37 Va
fixed charges
after
Federal
p.
from
,
liquidate
to
Feb.
company
management
Pursuant
this
of
1940.
Investment
the
plan
of
of
1
25c
155.415
3,390,,
January—
reorganization
Dividend—
dividend
a
cents each;
20
organized in
was
stockholders
tax.
for
declared
12
order
of
Act
versified,
A
Its
in
investment
an
under
5-19
1
25c
not
of
Suburban
stock, par $3, payable March 12 to holders
in 1944 were as follows:
March 13,
and Dec. 12,
161, p. 772.
SEC
be
3-20
$1
30%. Jamaica
books
6-
12
Immediately
Zeigler Coal & Coke_
Less
2
(accum.)
♦Transfer
plan
Payments
Phoenix
2-23
2
4-
50c
A
Feb.
on
common
24.
Company
(Consol.) —
Young (L. A.) Spring & Wire Corp. fquar.t_
Youngstown Sheet & Tube Co., com. (quar.)
5V2 % preferred
(quar.)„•
;
Youngstown Steel Door Co
x
4-
50c
common
Checker Cab Co.
to
5
$1.12 "2
Common
Yellow &
amended
Philadelphia
Phoenix Securities Corp.—Dissolution—
5
__
the
The
7
3-15
common—
Wright-Hargreaves Mines
Jr.,
3-30
37V2C
$1.12 Va
Associates
(quar.)
prior
the
2-28
(final)
4»/2%
iWm.),
on
2-28
.
87,278
following
directors
i50c
Worthington Pump & Machinery,
Wrigley
The
Co.—
registered
fourth
a
by
$2,110,000.
2-26
(quar.t
&
of
3-15
Inc.—
Governor
Ordinary
filed
Under the new plan, holders of each $1,000 of the outstanding $2,627,000 existing bonds would reeeive $100 in cash, $300 in new bonds
and four shares of common stock in the new company.—V. 161, p. 145.
3-15
$1.75
,
161.
Gross
new
$1.50
(quar.)_
(quar.t
Co.,
Woolworth
45C
•
Light, 7%' pfd.
Industries,
has
suggested
Philco Corp.—To Pay 20-Cent
$1.50
(quar.)
1,410,602
2,704,711
10-15
Extra
Wisconsin Electric Power—
.
6%
9
5-
Extra
preferred series 1897
1,448,705
,
plan proposes that instead of a recapitalization of West¬
ern's present financial" structure, a new corporation to be called the
Philadelphia & Western RR. be formed with a new capital structure.
The new capitalization calls for $793,000 coiipon bonds bearing a
fixed interest rate of 5%, 10,753 shares (no par) capital stock with
a stated value of $200 a share,
and the creation of a capital surplus
2-28
SI
Wisconsin
The
3-15
$1.50
Wisconsin
3,839,468
145.
lines
the
tion Co.
3.-15
4-
J_
14,618
808,014
,
2,887,109
—
—
company
along
3-20
3-31
10c
....
The
2-26
20c
(quar.t
common
43,345
778,087'
$33,128,180 $32,868,580
p.
income
from
Pittsburg Shawmut & Northern RR.—Earnings-
Philadelphia & Western Ry.—Amended Reorg. Plan—
2-17
4-
;
7,003
1___
outstand. funded debt—
on
_—1
161,
28,948
$437,306
posal is finally approved by the Federal Court.—V. 160, p. 2652,
3-22
10c
Common
6%
3-15
4-
75c
,.490,804
3-15
3-15
Extra
Common
—V.
2-23
2
$1.25
Candle, common
Products, Inc. (quar.)
Wiifsted
surplus
50c
Corp
461,413
—_
340,246
6,331
'
30,086
266,000
—_.
surplus
Earned
3-15
'Includes
23,028
32,187
1
25c
Baunier
&
Willson
Capital
2-23
3-20
deductions
charges__.__
income
—v.
17,500,000
22,749
4,132,253
3-
4-
fixed
Net
2,500.000
•
premiums
5-15
Corp.—
Wheeling. & Lake Erie Ry. (quar.)__
Whitaker Paper Co. (increased quar.)
Wilcox iH. F.) Oil & Gas .Co
2,500,000
liabilities——
accrued
Total
$408,358
.,
$284,534"'
$3,200,000
Reserves
2
$1.25
Instrument
$32,^68,580
$3,200,000
deposit—
3-15
25c
Westinghouse Air Brake
Weston
$33,128,180
liabilities
4-
2>/2c
21,338
_—_________
deposit
50c
(quar.)
c,027
taxes-:
2-13
$1.50
income
Miscellaneous
75,041
17,350,000
12-15
Co
& Stationery
preferred
past service benefits
_____________
3-15
2-21
28,380
'Deficit.—V.
1-2-4G
3-
688.485
,
Cr597,238
$256,154
income
Total
523,721
.
extension
$2.50
(quar.)_
383,721
stock
25c
preferred
expenses
and
—
Main
9
'313,851
Cr452,708
...».
159,258
discount
debt
9-15
common
$6
194
152,760
outstdg. funded debt
011
1
$1.50
22,126
3,981
exps.
current
3-15
2 339 107
207,051
22,301
Other
(quar.)___
Utilities,
Exploration
214,674
Consumers'
(quar.r____.l__:
Grape JUice,
West
Western
assets
debt
3-
1944
■<<
,
$2,838,712
railway operating income...*.
Total
135,847
stock
25C
.
1943 '
Liabilities—
Common
...
•Railway tax accruals
Equipment and joint facility reuts
Other
81
115,508
2-16
50c
Dec.
supplies
—
4-
$1.25
Washington Ry. & Elec., 5% preferred" (s-at
Washington Water Power Co., $6 pfd. (quar.)
Sheet,
1945
$2,497,116
2,379,819
.........
or
174,383
2-16
(irregular)
Swasey Co.
retirement
Net
Total
2M6
10-
tlncludes
1,281,849
3-15
(quar.t
5% preferred (quar.)
taxes,
1,388,778
2
Ware Shoals Manufacturing, common (quar.)
Warner
$931,870
local
147,096
and
current
3-15
$1.75
_
$813,610
$713,095'
and
1,483,385
3-15
$1
...
:
$796,023
RR.—Earnings—
expenses
$29,101,344 $28,954,034
50c
7%
operating
Net
Funded
$1.75
<quar.t_
(quar.t
Railway
1,422,343
Preferred
3-15
93,211
1944
$1.75
preferred
preferredl
Mills
Federal
Unamortized cost of
2-16
$1
87,686
Undistributed debits
2-16
3-15
25c
7%
4%
Wamsutta
3-12
i_~
49,615
9
$1
(quar.)
Watcn
divs.__
Unamortized
3-31
2-
40c
_
for
all
Unamortiz.
3-31
3-10
J20c
__
iquar.il
Crll.309
deduct.
Special deposits
Gooderham & Worts, Ltd.—
preferredl
Waltham
__
(quar.t;
iHiram)
4-20
4-20 %
$1
$4.50
revenues,
Prepayments
4-10
...
operating
receivable
Materials
3-10
4-20
Railway
Government bonds
Other
3-20
1
(quar.).
preferred
Walker
7-1G
___
|
Waite Amulet Mines
Walgreen Co.
avail,
Accounts
4-16
1
$1.75
______
common—
i
1
8-
$1.50
common
tquar.)____
preferred
*
5-
37V2C
89,697
561,792
capital
U. S.
3-12
37 %c
.
228,100
546.078
Cash
1
3-22
507,955
553,451
Balance
8
3-
by Philadelphia Co.—V. 161, p. 12.
468,675
Assets—
8
3-
•
62 >2 C
(quar.)
Vulcan
3-
1
25c
(quar.)
6%
1
4-
3-15
$2.50
t__
5s,
Pittsburgh & Lake Erie
depreciation.
3-10
4-
$2.50
L
(s-a)
Traction
balance held
551,713
______
other
'Includes
Fixed
is-a>__"
preferred
&
Bal.
Vicksburg Slireveport & Pacific Ry.—
Viking Pump Co. (reduced
Virginian Railway (quar.)
Virginian Railway Co.—
charges
2-24
3-20
$1
(quar.)
Co.
the
There are approximately $4,600,000 of
of which some $2,860,000 are
publicly owned
Month of January—
2-21
50c
preferred (accum.)__
con v.
Works
1,025,035
—
Interest
12-22
25c
Valspar Corp., $4
and
System."
$2,701,606
1,087,465
6-21
1-2-46
1941
$2,762,939
1,083.180
•
3-22
4-
62V2C
-
United
the
1942
$2,891,293
1,213,947
2-24
G2»2C
(quar.)_.___
Iron
2-17
1943
1027!
Railways Co.
burgh
$2,936,121
(includ. rnaint.)_
'Taxes
4-20
3-15
G2'/2C
.
prior
prior
Dorn
3-
4-30
T—,—
5%
Norman
3-12
$1
$1
Mills
5%
Van
2-24
3-15
b
1944
revenues
toper,
10c
Knitting Co., common___
prior preferred (quar.)
Van
Gross
10c
common
Utica
Philadelphia Suburban Water Co.—Earnings—
1
40c
(irregular)
Products,
Mohawk Cotton
5'%
of Rec.
62V2c
$2
Utica
.
Payable
Share
pfd
Winding
Upson-Walton Co.
Utah
""'7
Holders
12 Mos. End. Dec. 31—
Universal Laboratories, Inc., $2.50
Universal Products Co., Inc—_■
Universal
.7
When
—
Offer to
Stockholders—
Puget
Sound Power & Light Co.—Trading Privileges
Extended—
Philadelphia Rapid Transit Co.—Partial Redemption—
There
have
count of
the
the
at
Lives
and
called
redemption
for
on
March
1,
1945,
for
ac¬
sinking fund. $156,000 of 50-year 5-6% sinking fund gold
March 1,
1912, at 105 and interest.
Payment will be
office of the Pennsylvania Company for Insurances on
bonds- dated
made
been
Granting
Philadelphia,
Pa.—V.
Annuities, trustee,
161, p. 314.
15th
and
Chestnut
Streets,
offer of
An
of
this
of
participating
a
both
not
agreed
sell
to
The offer
Philadelphia & Reading Coal & Iron Co.—Court Dis¬
allows Protective
Federal Judge
$1,110,000
bondholders had
consistently
under court supervision, went fee-less.
,
of
The
The
dismissed
judge
see
how
SEC
Mr.
had
his
Palmer's
common
Secretary,
remain in active management of the company
personally owned preferred shares.
shares will remain open until March 23 and
for preferred
fought
ihe
company
a
fee
been
elected
Curb
stock,
mon
the
company
unlisted
and
and
Corp., has been elected
Hornbergcr.—V. 161, p. 212.
L.
B.
director,
a
succeeding
the
while
the
stock
are
v. 161,
committee
Shelby
sentation
July
1,
holders
Carter
to
of
Pittsburgh
is Chairman,
holders
1997.
The
Committee
name
Rys,
system
announces
Traction
of the committee
United
Traction
new
stock.
The
p.
Co.
bondholders,
that it will limit
general
will
be changed
General
of
which
its
repre¬
mortgage
Mortgage
5s,
to
5s,
Curb
has
had
proceedings to extend unlisted trading privileges on the new
The old exemption would have expired March 1.-*
pending.
919.
Pullman, Inc.—Objections to Plan Filed—
United
ol
its
on
similar
late
Pittsburgh Railways—Committee Changes Designation
The
register
to
Puget Sound old stock for many years
privileges on new stock issued in reor¬
provides that in the event a stock already had
trading privileges and the company is reorganized, the Com¬
may grant a temporary exemption for a period of 60-days
applied for
ganization.
The law
Wendell
C.
planned
trading privileges
had
mission
Vice-President
a
has pai'd out more than $400,000 in fees and expenses
161, p. 919.
has
Comptroller,
Auch,
Securities
while
of $20,000.
Judge Kirkpatrick's orders.—V.
L.
Comptroller, succeeding Ernest F. Rumpf, Vice-President, resigned.
Arthur B. Van Buskirk, Vice-President and a director of the Mellon
J.
claim for $75,000, remarking that he did
participation had helped the reorganization.
recommended
The company
under
shares of
Rothman,
the SEC last week denied the application of the New York
Exchange to extend unlisted trading privileges in the new com¬
it has extended the period for trading in the stock until
May 1, 1945, to see if the company registers the stock on a national
securities exchange In the meantime.
The extension was on request
of the Curb Exchange, which advised
the Commission it understood
Although
unlisted
granted $300,0G0, their full claim for eight years' legal work.
Archibald
Palmer, New York lawyer, who as representative of
not
86,400
Theodore
Pittsburgh Coal Co.—New V.-P. & Director—
John
claims
were
group
and
options on common shares were to expire on March 1.—V. 161, p. 314,
Kirkpatrick at Philadelphia on Feb. 28 cut to $786,000
the
to
their
President,
Fees—
of lawyers, protective committees and
other specialists who had submitted bills for services in reorganization
of the company under the Federal Bankruptcy Act.
The company's counsel, Morgan, Lewis & Bockius, of Philadelphia,
from
preferred stock and
share.
Hoedemaker,
Sidney
and
preferred share has been mailed to stockholders
control
stock at $1
have
per
corporation by Rudolph Mayer and associates, seeking to
of the concern with purchase of 35,000
to 40,000
acquire
shares
$19
due
"Bond¬
Pitts¬
'
S
;
U. S. Attorney General, filed:-Feb.* 19 in
Philadelphia objections to company's plan
for separating its sleeping car and manufacturing
businesses, asserting
it was "unclear and ambiguous."
Representing the Department's anti-trust division, he declared the
plan did not comply with a U. S. District Court decree to dissolve
the company's 40-year monopoly on servicing and manufacturing rail¬
road sleeping cars.—V. 161, p. 467.
the U.
S.
Bcrge,
Assistant
District Court
at
,.,:
'
a,
*>
-
»•
1
'
^
.
%
L
.
*
'
f
..
,
t
r-
-
-
_
1
'
,
-
,
'« /
.
;
ri^;c«&aS
mmmf
:-A-'
1028
1868.
Ltd., below.—V. 160, p.
Flour Mills Co.,
Canada
Western
See
Rayonier Inc. (& Sub.)—Earnings—-
Company-
Opurity Flour Mills Ltd.—Successor
Inc.—Earnings—
RCA Communications,
opbr.
revenues^--
Total oper.
expenses—
Total
Net
$2,700,238
Dr24,548
$3,991,380
251,915
$248,391
$4,243,295
$2,723,452
£>rl,689
D/69,019
Dr8,302
$4,174,276
128,737
$2,715,150
7,626
$246,702
9,515
$461,618
$237,187
$4,045,539
$2,603,181
18,149
144.079
673
$335,688
242,699
$92,939
$465,172
6,006
$469,244
Other communica'n «hc.
*—■
-
•
Operating income
Gross
ord.
income—
Deduct,
from
ord. inc.-
income
ord.
Net
(Cr)
(Or)
Extraordinary inc.
Extraordinary inc.
Net income
2_.
111,969
21,094
3,035
158,767
1,343
$237,860
$3,907,866
$2,604,873
151,395
2,883,449
1.692,495
$86,465
$1,024,417
$912,378
Jan.
of
Net
—V.
surplus.
earned
161.
$
$
transport.
income—
38,453,646
Operating expenses
Express taxes —
& disct.
25,257,090
—
1,634,569
353.324,488
194,492,648
13.157,838
1,240.491
380,951
105.858
Other
102,105
30,355
6,677
deductions
transport
•Rail
arranged
has
its
Mills
in
All of
have
Blocdel
from
purchase
144,321,854
Division of
Air Express
The
the
over
year,
last
month
same
shipments in January rose 3o.2 /<■
with a total of 22,147 handled at
express
air
international
nine
international airport cities.
for
V.
p.
161,
the
the
period
same
year
706.
Securities Co.—Quarterly Report-
Railway & Light
Based
$71,838 for the month, as against
before, the Agency stated.—
by shippers totaled
Charges paid
$57,809
the following summary shows the
class of security of the company
quotations,
market
upon
aggregate of assets available for each
outstanding as at the dates shown:
r
•
,
will be made
Atlanta, trustee, Atlanta, Ga.
Per
of
share
trust 3'/4%
6%
$255.70
294.67
$248.04
280.17
$240.54
265.97
25.22
bondsser. A
pfd. stock,
stock
23.34
Donovan
holdings and logging equipment
of Washington.
It is antici¬
See
closed
been
since
August,
arranged.—V.
also
Savannah-St.
Savannah-St.
shortage of logs,
of this acquistion
The financing
1943,
161,
Co.—V.
Gas
Augustine
of
Bank
1945,
1951,
First
146.
p.
sen
the $834,000 outstanding
Hillyer,
Feb.
on
aside
setting
the
authorized
23
serial notes
4%
York
April 2,
for the purchase of 6% cumu¬
preferred stock, in accordance with the company's
certificate of incorporation, as amended.—V. 161, p. 606.
convertible
Gross
from
railway
railway
income—
from
Net ry.
—V.
$2,958,867
1,363,326
208,504
oper,
to
Gas
Scott Radio Laboratories, Inc., 111.—Stock In¬
offering
the
shares,
225,000
while
needs,
Principal
Crowder
underwriters
&
Co.,
shares at
new
proposed
a
capital
offered
provide
will
shares
be
expanding
behalf of
for
on
will
Other
Acquire Property—
for
Fed.
Shillinglaw,
and
1941
1944
1943
3942
$163,264
$205,324
$329,842
$411,93?
18,032
44,884
57,866
62,705
tax_
$181,296
$250,208
$387,708
$474,642
tax_
71,704
94,256
144,321
137,848
$109,592
$155,953
$243,387
$336,794
165,000
270,000
300,000
660,000
$0.37
$0.51
$0.81
$1.12
(net)
Net inc. bef. inc.
Prov.
Co.
&
Co.—Earnings—
from operations
income
Braiisford
111.
be
both of Chicago,
Inc.,
Scotten, Dillon
Utilities Co.
Lakes
will
148,150
76,850
Years End. Dec, 31—
Rochelle Gas Co.—To
the
of
225,000
of
present stockholders.
V. 158, p. 492,
Great
trustee
public
a
Of
See
be
to
parent,
as
price of $3.12 J/2 per share.
business
Valley
$1,000,3»/2 and
v
corporation has voted to increase its authorized capital stock
400,000 shares of no par value from 6,081 shares.
It expects to
make
Co.—Secondary Offering—A
secondary offering of 397,778 shares of (v.t.c.) common
stock (par $1) was made Feb. 28 by White, Weld & Co.
at $1.37% a share. Concession to dealers was 17J/2 cents
a
share.
The offering was heavily oversubscribed.—
Grande
1951.
to
This
161,. p. 606,
Rio
1946
creased—New Financing—
1942
$1,667,532
790,776
316,429
1943
$3,110,406
1,951,083
339,037
1944
$3,252,947
1,840,434
307,575
1945
from
due
is
its
Trust,
(E. H.)
RR.—Earnings—
Richmond Fredericksburg & Potomac
merged
dissolved
following transfer of its remaining
the American Gas & Power Co., or to the New
under American's debenture agreement.
M. K. Patterson of Suffern, N. Y., Vice-President of Savannah, re¬
cently told the SEC that Savannah could be operated to earn $150,000
a year.—V.
161, p. 707.
to
assets
on
be
to
new' company,
v"
Proceeds from the sale will be used by Savannah to redeem
000 of 33/*3: first mortgage bonds due in 1966 and $270,000 of
of $300,000 to the purchase fund
January—
the
24
the
Savannah
directors
Feb.
the St. Augustine company.
Savannah's
into St. Augustine Gas under the • name
of
President
is
property
of
Republic Steel Corp.—Stock Purchase Fund—
The
approved
Commission
(pa.) Gas Company's plan to sell its properties and current
assets for $2,205,000 to the Savannah-St, Augustine (Fia.) Gas Co.
Savannah-St. Augustine is a new corporation organized by H. Han¬
first mortgage sinking $und cumula¬
tive income bonds due Nov. 1, 1949, have been called for redemption
on March 1, next, at 100 and interest.
Payment will be made at the
International Trust Co., trustee, 635 17th St., Denver, Colo.—V. 139,
p. 3489.
'
// V "
lative
Co.—Acquisition—
Gas
Exchange
Savannah
(Colo.)—Bonds Called—
Republic Building Corp.
Augustine
and
Securities
The
161, p. 919.
21.50
Per1 share of common
Jan. 1, 1966,
at 107 and
National
Fulton
has also called for redemption on March 31,
all of the outstanding serial notes due annually from 1946 to
inclusive at 103 and interest.
Payment will be made at The
National Bank of Chicago, trustee, Chicago. 111.
that the acquisition of these timber lands and logging facilities,
additional manpower which will be acquired, will assure
of a sufficient supply of logs to permit the early re¬
All of
31, *44
the
at
Payment
company
Income
Jan. 31, *45 Oct. 31. '44 Jan.
,
Per $100 collat.
the outstanding first mortgage 3%% bonds due
called
for
redemption on March 31, next,
company
Net
Shipments handled at Miami, Seattle, New Orleans, Brownsville,
Los
Angeles, San Pedro, Honolulu, Son Francisco and New Yoik
^ showed a marked increase of 55.5% for the month in export traffic.
Bonds and Serial
been
interest.
the State
in
County
to
timber
extensive
Clallam
is now being
35.2% in January—
Railway Express Agency also announces
161, p. 314.
Savannah Gas Co.—To Retire 3%%
International Shipments Up
that
Engineers Public Service Co., above.—V.
The
company
Lumber
1945,
11,990,228 149,873,225
11,425,774
rev..
159,364
,
Notes—Sales Approved—
Act.
located
1,192,784
funded
on
debt
,
349,634,000
3,690,488
34,532.276 405,405,983
21,045,797 238,362,794
1,387,469
15,548,522
379,416
Total
Int.
34,197,482 401,079,208
334,794
4,326,775
38,074,230
&
1944—12 Mos.—1943
$
$
1944—Month—1943
Period End. Dec. 31—
Other revs.
Subs.)—Earnings—
Inc. (&
Railway Express Agency,
for
See
paid the $500,000 instalment due on
outstanding of $2,500,000. The next
$500,000 instalment is due on Aug. 1, 1945.
Company has received
clearance from the War Contracts Price
Adjustment Board discharging it of any liability for excessive profits
during the fiscal year ended April 30, 1944 under the Renegotia¬
the
1
Co.—Sale of Control—
Power
,
,
and its subsidiaries as of
and current liabilities
$2,549,802.
tion
first
Montreal, Canada.—V. 160, p. 2335.
939,307
$0.30
On Jan. 31. 1945, the company
its bank loans, leaving a balance
has
Charges
562,946
1,230,614
mortgage 4V<%
outstanding
of
1945, shows current assets of $7,777,753
31,
opening of its mill at Shelton, Wash,, which, due to a
467.
P.
1,238,510
called for
has
company
outstanding first
$67,000
together with
transferred
inc.
to
•
redemption on April 1, next, $334,000
sinking fund bonds, series A. and
mortgage
4'A%
sinking fund bends,
series B, at 104 and interest.
Payment of the series A bonds will be
made
at
The Union
Trust Co., trustee,
Pittsburgh, Pa., or at the
Central Hanover Bank & Trust Co., New York, N. Y., and payment'
of the series B bonds will be made at the National Trust Co., Ltd.,
The
of
Savannah Electric &
President, states:
Bartsch,
Edward
23,214
pated
►
154,896
.
profit from operations—
....—.;
$4,386,617
Depreciation and depletion-—1,383,029
taxes on income
..—
1,583,327
Consolidated net profit
J
1,420,261
Dividends paid (preferred stock)-.,
—
939,307
Earned per share on common stock
$0.50
The
—
inc.
net
Deducts." from
:
Consolidated balance sheet of the company
—
196,568
———-—
tons
Federal
■
(non-cotmn.)
inc.
Ord.
$272,939
S471.178
I>rl,934
revenues—
oper.
sales,
tons
production,
Saffuenay Power Co., Ltd.—Bonds Called-
•
,
1944
.
188,028
188,986
$3,032,070
Net
1944—12 Mos.—1943
$9,851,757 $7,820,040
5,860,377
5,119,802
1944—Month—1543
$1 103,531
$789,515
638,359
516,576
Period End. Dec. 31—
Total
Total
-
,
1945
Ended Jan. 31—
9 Months
Monday, March 5, 1945
FINANCIAL CHRONICLE
&
THE COMMERCIAL
inc.
_
"
bonds and
on
;
Total interest and
and
Interest
$55,438
$63,647
89,214
notes
received
Total expenses
1944
1945
3 Months Ended Jan. 31—
Interest
Dividends
81,541
;
$144,653
$145,189
17,673
dividends.
16,422
and taxes
33,947
215,838
207,762
Nov.
due
1951)
$308,869
Preferred
$246,407
dividends
Common
31,704
$252,694
.
$302,582
31,704
24,471
income
dividends
31.
surplus, Jan
Comparative
Assets—
Sheet,
Balance
Investments
Total
1944
$8,890,688
$8,555,360
278,945
,
Caslv.p:r.—
—'
339,720
—
2,110
——•
57,426
62,915
62,710
68,499
receivable
Accounts
interest
Accrued
Unamortized
The
1945
.
receivable.
bond discount
—
and
expense
$9, 291,879
$9,026,494
$4 ,000,000
$4,000,000
12,092
21,667
4,376
21,667
26,681
4,173
2 ,113,600
1 ,631,400
2,113,600
Liabilities—
Collateral
trust
Accounts
VUlo
payable
bonds—J—
and
accrued
expenses
Coupon interest accrued
Tax
.6%.
liability
preferred stock ($100 par), series A__
stock
Common
(par $10
Capital
surplus
Special
surplus
surplus,
Earned
—
1,631,400
515,047
515,047
718,698
489,824
252,694
_
L__
.246,407
;
-V.
$9,291,879
-
161,
p.
$9,026,494
246.
due
stock,
preferred
In
addition,
allocated
be
having
a
proposal to increase the authorized preferred and common stock.
^The company at present has about $1,000,000 of preferred outstand¬
ing .and this is being called as of April 1, 1945.
due
bonds,
1,
July
as
would
be
exchanged
preferred.
to
The
there
common
on
stock
$1,500,000 in cash,
that
would
Feb.
the effective date
1945.—V. 161, p. 706,
1,
be
basis
no-par
for
company
present
out¬
0
now
has
which
of
.
..
would
in
ex¬
.
established
be
^
.
sold
was
and
a
by
of
members
*
1
161,
family of the late JuliuS
will be used for philan¬
the
of the proceeds
large part
purposes.—V.
772.
p.
Corporation General—5-Cent Com. Div.—•
Securities
common
disregarded.
the
because
new
additional funds would be necessary for
no
reorganization,
of
of
$442,529
share-for-share
a
holders
declared
statement
of
issued
be
v".:
.
Co.—Secondary Distribution—Gold*
1949,
$1,283.33 a $1,000 bond, would receive for
in new bonds and $955.76 in new preferred
a quarterly
dividend of five cents per
$1, and the usual quarterly dividends
cumulative preferred stock, and of $1.75
per share on the 7%
cumulative preferred stock, par $100, all pay¬
able April 2 to holders of record March 15.
* ;
In
addition to
the quarterly distribution of five cents per share
made on Dec. 20. last, an extra dividend ot five cents per share was
also made on the same date.
The only other payment in 1944 was
another dividend of five cents on Oct. 20.—V. 160, p. 2444.
/'_*,,,
directors
The
stock
the
stock
The
Rosenwald,
stock.
addition
'
$103 per share. Dealer's discount $1.50.
thropic
mortgage 4%
first
1,726,926 shares.—V,
ton
charges,
other
'
tribution
•
$1,000
and
taxes
'
Sachs & Co., on Feb. 27 effected a secondary dis¬
of 40,000 shares of capital stock (no par) at
man,
in new
, '
& Lake Champlain bonds would
Transit Co. stock, plus dividends of
Rutland
of
total claim of
bond $327.57
a
bonds and $745,51
new.
Federal
Sears Roebuck &
-
holders of Ogdensburg
$20,000
$22,000.: '
'
: '
Rutland-Canadian RR.
each
reorganization purposes
for
for each $1,000 bond $491.38 in
receive
'After
161, p. 707.
is established at
$100 a share.
'
:
v
:
; v
Ogdensburg & Lake Champlain Ry. first mortgage 4% bonds, due
July 1, 1948, having a total claim of $1,287.35 a $1,000 bond, would
which,
stock
Present
to ratify
principal and interest of.
in
1943
$350,588
$0.20
1944 •
$466,368
$0.27
1945
$429,110
$0.24
profit
fEarnings per common share
$1,288.49 a $1,000 bond, would receive for each $1,000 bond $409.54 in
new first mortgage 455?
99-year bonds, and $878.95 in new (no-par)
Mo.—Financing Planned
special stockholders' meeting has been called for April 23
total claim
a
accrued taxes and expenses,
$26,554;
Servel, Inc. (& Subs.)—Earnings—
bonds,
4,/2%
payable,
Quarter Ended Jan. 31—
proposes
'Net
mortgage
consolidated
first
t
in
$3,694,503.
Liabilities—Accounts
■
RR.
having
1941,
1,
July
capitalization of $12,084,684 and
new
.
cess
A
for
Rutland
of
Holders
standing
Ralston Purina Co., St. Louis,
calls
plan
and
hand
on
$25,552; provision for Federal income tax (none required for excess
profits tax), $71,704;
capital stock ($10 par), $3,000,000; earned
surplus. $570,693; total, $3,694,503.—V. 160, p. 364.
RR.—Reorganization Plan Submitted to ICC
to the interstate
that:
In
Total
total.
Commission Feb. 21.
preferred
Total:'_—_.l
Dividend—
reorganization plan for the road was submitted
A
Commerce
1914
banks, $714,599; U. S. Government
at
cost
(including accrued interest),
$967,168; accounts
receivable
(less reserve of $9,168), $217,282; inventories, $1,447,990;
property,
plant and equipment (after reserve for depreciation
of
$436,950), $315,854; prepaid insurance, taxes and supplies, $31,610;
Assets—Cash
payable
value,
Sheet, Dec. 31,
securities
dividend of 25 cents per share on the
declared a
par
no
paid
Balance
March 26 to holders of record
March 10.
Payments last year were as follows: March 20, June 26
and Sept. 25, 15 cents each; and Dec. 22, 80 cents.—V. 160, p. 2443.
stock,
_
Earnings per com, share
24,471
31
Jan,
Dividends
1946,
_
called
been
have
(The) Ruberoid Co.—To Pay 25-Cent
Rutland
Earned
first
and
1945
1.
The directors have
common
Total
outstanding
due
bonds
$94,820
funded debt.
on
Net income
Earned Surplus, Nov. 1.
>
mortgage bonds, series A (serial 4%
and 15-year sinking fund 4,/2%
for payment on April 3, next, at
102 and interest.
Payment will be made at the Bank of Montreal in
Montreal, Quebec, Toronto, Ottawa, Saint John, Halifax, and Van¬
couver, Canada, and in St. John's, Newfoundland.—V. 152, p. 3826.
the
of
All
bonds
income
Net
33,947
$93,032
amortization
Ltd.—Redemption of Bonds—
Rolland Paper Co.,
Statement
Income
share
the
on
of .$1.50
declared
have
stock,
common
par
share on the 6%
per
..
The
stockholders
will
be
asked
to
expand
the amount of
authorized
par preferred stock from the present 45,000 shares ($4,500,000)
250,000 shares ($25,000,000).
Only about 100,000 shares will be
issued as at present contemplated.
The purpose of the new issue is
increased business
Tand
as
result of
a
so
as
will
asked
be
stock from
also
take care of the company's
wider variety of
supplies.
• ■■■•'*
entering the distribution of farm
Ratification
common
to
producing
for
an
products
a
increase
in
the
r
Comparative
Statement
of
revenue
Other
Years
bonds,
1943
$3,620,412
1,523,409
.>7
!—i.
—,
'
;
:
—-
■ ^
has called
company
for
.
.
be
series A,
made
Bank
at
of
the
Scotland
of
at 102
Canada,
in New
London, England.—V. 161,
in
1,
due Oct.
the
1967,
Bank
Royal
Manhattan
of
Company
,$2,105,118
$2,097,003
7,332 v~* " 5,714
L_
Extra DividBnd—
(H.) Simon & Son^
to
not
per share on
M^rch
1,
the
and
common
the
usual
SO
c
quarterly
of
$1.25
on
the
15—V.
preferred
159,
p.
stock,
1,008,567
*
on
'Fed.
income & excess
Post-war
Net
&
other
profit
common
1944
1943
1942
$23,500;
$9,841,465
$9,746,160
$8,947,084
bonds),
7,414,000
etc
7,095,000
6,675,000
profits taxes
contingencies
750,000
1,000,000
650,000
$1,677,465
$1,651,160
$1,622,084
628.100
628.100
628,100
$2.67
——
$2.63
82.58
share—
per
After deducting 8713,300
and $638,000
in
1942.—V.
post-war refund in
in 1943
1944, $679,000
Reading Co.—Earnings—
from
Net
from
Net
r.v.
—V.
1945 *
railway—
income.;—
oper.
161, p.
1944
1943
1942
$9,419,992
$9,104,099
$6,989,975
2.333.025
railway.—_
2.888.149
2,802.881
1,092 332
-1,047,507
1,360,914
$9,205,045
„
1,865.188
'
949,892
467.
,;
.
)•?
■
Wib:
"y.r
of
like
record
March
on
post-war
plant,
refund
of
•
?, 5.
31,
excess
161.
no
2.
declared on the
value,
par
An
both
outstanding 30,050
payable
of
15
159,
p.
2311.
,
4
.
29 to
also
was
,
,
.KrS'-V'> '
\
March
cents per share
extra
C
"
interim quarterly
share and an
per
been
last year.—V.
.J?.'','
•
Smith Paper Mills, Ltd.—Initial Dividend—
initial "dividend
An
stock,
common
V.
cents
have
March
wk
$30,134,231;
15
stock,
common
of
of
amount
(Howard)
of 25
cents per
April
payable
30
to
share, has been declared on the
holders
of
record
March
31.-—
773.
p.
Solar Aircraft Co.—Co-Registrar Appointed—
The
Guaranty
Trust
Co.
of
New
York
has
registrar for the common stock, $1 par value.—V.
stock
(300,000
shares,
no
par),
$9,000,000;
Solar Manufacturing Co.—Registers
sinking fund gold bonds, 4V2 'h series due 1979, $19,payable, $80,272; dividends declared (payable Jan.
15,
1945),
$210,000; long-term
debt to be retired or provided
for
through sinking fund within one year, $360,000; interest accrued on
long-term debt, $73,560;
Federal income and excess profits taxes
been
appointed
co«»
161, p. 315.
accrued,
will
with SEC—
50.000 shares of common
mortgage
The
accounts
$578,201;
other
taxes
accrued,
$152,383;
other
current
and
accrued
liabilities,
$35,582;
deferred
credits,
$135,675;
reserve
for
depreciation. $1,900,797; reserve for retirement annuities,"$802;.earned
$1,861,942; total, $33,645,213.—V. 161, p. 146.
,
x
surplus,
paid
31, 1944
$27,172; cash in banks and on
Liabilities—Common
first
1G1, p. 772.
January—
shares
of
$33,645,213.
256,000;
Gross
840,000
stock
investment securities (at cost),.
profits tax (including $19,261 in
hand, $634,352; U. S. Treasury
notes
(at
cost),
$1,100,000;
accounts
receivable,
$348,127;
special
deposits for taxes and other purposes, $70,003; sinking fund (cash
deposited with trustee for redemption of bonds), $120,510; materials
and supplies,
$145,919; prepayments, $23,425; unamortized debt dis¬
count
and
expense,
$1,017,642;
other deferred debits,
$332; total,
Assets—Electric
'
taxes,
Number of capital shares—
Earnings
$1,095,272
dividend
extra
dividend
••
Raybestos-Manhattan, Inc. (& Subs.)—Earnings—
'Calendar YearsFederal
$1,103,883
840,000
-
'
■
before
$2,102,718
1,007,445
deductions
income—
Balance Sheet, Dee.
Profit
$2,112,450
j
holders
Net
Dividends
48.
./!:
;;.y••
v
Income
income
stock, payable March 12 to holders of record
payable April 1 to holders of record March
,
An
Gross
*
April 1, 1945, all of its
4V2% gold
and interest.
Payment will
Montreal, Canada, at th©
York City, or at the Bank
p. 920.
redemption on
outstanding first mortgage and collateral trust sinking fund
$3,643,902
1,538,784
.
income
income
Calendar
deductions
..
present 820,000 shares of $25 par ($20,500,000)
1,600.000 shares of $25 par ($40,000,000), although present plans do
contemplate issuing more common, it was stated.
-The directors have declared the quarterly dividend of
37V2 cents
for
1944
revenues
Operating
Operating
Income
«
■
Operating
-
authorized
the
Shawinigan Water & Power Co.—Calls Bonds—
Report—
The
$100
to
chiefly to enlarge working capital
Harbor Water Power Corp.—Annual
Safe
) j
v
and do
company
not
Van
by
1'iied a registration statement with the SEC for
stock.
The shares are issued and outstanding
represent new financing.
Alstyne,
the
has
Noel
offering price
& Co.
to the
Others
public.
The underwriting group is headed
will be filed by amendment, as
^ The 50,000 shares are being sold by Otto Paschkes and Paul Hepenyi,
President
V.
161.
•■j
-t.'?.
and
p.
Executive
315.
Vice-President, respectively, of the company.—*
3
t-r-_ r)a;.y.i-v•' ••=>
it j
Lit.
lit-
..
"
.Volume
Number 4365
161
South Carolina Power
Period End. Jan. 31—
Gross
THE COMMERCIAL & FINANCIAL CHRONICLE
*
the
to
Co.—Earnings—
1945—Month—1944
$691,549
$8,093,989
$7,314,747
Operating expenses
Deprec. & amortization
276,760
385,006
4,452,687
3,996,052
58,200
43,917
Provision for taxes
169,751
168,373
Gross
•
income
$145,909
Interest, etc., deductions
Net
r
Divs.
$23,259
521,823
1,562,923
$1,201,240
727,661
$1,233,949
647,930
$41,243
$473,579
$586,020
14,287
157,152
171,438
pfd. stock
on
Balance
—V.
$94,253
53,010
122,651
income
636,387
1,803,676
$23,259
$26,957
$414,582
$316,427
of
offer
A
to
The
of
made
special meeting
of stockholders
will be
called
in
the expenditure of more than $4,500,000
the stock purchased.—V. 160, p. 1023.
approve
the near
necessary
future
to retire
pending
and
suit
Standard
against
Standard
will
Gas
Hastings
to Mr.
pay
cash
securities
and
and
tures
of
certain
Standard
of
will
result
in
Standard
operating
for
Gas
would
its
also
Gas,
The» directors
on
Jan. 19, last, declared a dividend, out of current
profits, of 30 cents per share on the capital stock, no par value,,
payable March 8 to holders of record Feb. 26.
A like amount'Was dis¬
trustee
net
have
an
have
would
of
received
received
securities
company
holding
$973,000
427,888
shares
of
bursed
in
portfolio
Gas
new
The
directors
on
of
the
of
deben¬
common
record
T/o
Standard
June
then
Gas, constituting 8V2 % of the aggregate of 5,020,134 shares
be outstanding for its
holdings of 40,751 shares of Standard
prior preference stock.
Under the joint plan Standard Power
to take all common stock as its participation in the
Re-cap
567,581
will
the
to
M.
distribution
to
Standard
stock
common
of
of
unpaid
Standard
of
standard
Gas
of
dividends
Power
will
be
In
Gas
thereon;
with
which
$100,
have
March
to
1945—Month—1944
$721,336
revenue
Prov.
295,531
expenses
deprec.
for
Int,
2,814,253
54,808
746,429
251,862
2,444,083
755,967
2,565,121
$115,930
$110,940
$1,267,779
$1,222,675
21.851
21,502
258,471
237,364
$94,079
$89,438
34,358
34,358
$59,721
$55,080
$985,Wo
$1,009,309
412,296
$597,013
pfd. stock
on
Gross
Net
from
from
Net ry.
Railway
shares
Standard
agreement
Net
Ry.—Earnings1943
1942
$383,090
$323,657
$160,967
152,270
187,857
148,967
161,
67,857
109,319
" '
■
The
has called for
first mortgage
company
outstanding
Southern Pacific
Co.—Earnings of Company Only—
January—
Gross
from
Net
from
Net
ry.
—V.
1945
railway
railway
income™
oper.
1944
1943
1942
of which Mr.
world,
in
said
would
Willford,
Gross
from
Net
from
Net
ry.
railway-
...
railway
income.
oper.
™
—Week End. Feb. 21—
1945
earnings
$6,964,368
....
—Jan. 1 to Feb. 21—
1944
1945
income
The
$6,709,774 $50,246,962 $47,884,482
sold
and
1945
Stevens, as the largest hotel unit in the
principal unit in the Hilton group. Robert P.
been managing director of the Roosevelt
Hotel
Gross
—V.
earnings
He
which
Southern Utah Power
The
has
will
to
move
of
hotels
Hilton
has
company
called
redemption
on
1,
May
all of
next,
Y.—V.
N.
its
Foster
oper.
revenue
Total
oper.
expenses™
Total
taxes
Total
Total
Glore,
partner
a
in
Director—
a
Glore,
director,
Forgan
succeeding
151,
&
investment
Co.,
(A. G.) Spalding & Bros., Inc.
The
shares
in
exchange
of
of
common
preferred
excess
pursuant
to
the
right
holders, of 22,000 shares of preferred stock, making the total
applied for listing 528,003 shares of common stock.
See
V. 161, p. 921.
'
amount
also
Sprague Electric Co., North Adams, Mass.—Registers
With SEC—
statement
registration
A
with
filed
has. been
by
SEC
and
the
shares of
company,
common
designers,
engineers
about 23
stockholders
present
to
working
The
of
of
shares
capital.
is
issue
6%
preferred
stock
($100 par)
and
to
underwritten by F. S. Moseley & Co.
be
share
on
the
have
Payments of 50 cents each were made on June 10
last year. .<
dividend of $1.25 per share on the $5 preferred
stock, no par value, was also declared, payable March 20 to holders of
record March 10.—V. 160, p. -2444.
9,
Dec.
The
usual quarterly
The
1944.
It
shares of $100 par value each of Fleischmann Ecuaa Delaware corporation, which was organized Nov. 20,
- v-' WV.:'
'
■ --v '
proposed
is
—V.
that the new company will engage in the business
and distributing food products, primarily in Ecuador.
top
of
Standard
The usual
Gas
which
was
approved
by
the
,
,
31.
(less
and
was
stock,' constituting 11% of
then be outstanding.
the
aggregate
of
5,159,826
to
The
be
that
achieved
a
At
that
the
for
Treasury
(less
reserve),
(less
$24,721;
'*}:t
»
of
20
the
cents
to
common
per share
holders of
stock,
on
paid on Sept. 30 and Dec. 30. 1944.
Last
paid the following dividends on the class A stock:
J?" .VJ.
,
1
meeting of the directors held on Feb. 27, the'board
meeting of stockholders will be held on March
special
a
of
purpose
to
the
by-laws
re¬
,
f
Thompson Starrett Co., Inc.—Earnings—
Net
loss.
—V.
1945
,
:
160,
.1944
$192,346
...i
"
-$91,554
2445.
p.
fide Water Associated Oil Co.—Earnings—
Net", income
J
after: all
income
Federal
no
and
'.
161, p. 608; V, 160, p. 2008.
'
I.
V
„
i'
VA
*.»
.
Shipyards Corp.—Larger -Distribution—
directors have
value
par
1943'
"T944
estimated
$17,787,200 $12,652,640
$2.43
" ' $1.98
,
The
'
-
charges
taxes...
Earnings per common
•Tenativ.e .figures.—V.
declared
stock,
common
a
1944.—V.
771.
160. p.
dividend
payable
This compares with
March 2.
$1 per
.
•
r
of
March
$1.25 per share bh. the
10 to holders of record
share paid each quarter during
.
was
20 cents each;
Sept. 30, 35 cents, and Dec. 30,
Tonopah Mining Co. of
The
SEC
17.—V.
161.
p.
on
the
Feb.
Nevada—Extension—t
announced
8
Company
Act
of
1940
the
issuance
further
of
an
order
.
the
under
extending to April
1,. 1945,
of the company from the Act, pending final
the Commission.—V. 160, p. 671.
.
's •
temporary exemption
decision
by
468.
'.U-.V
.
Talcott, Inc.—Earnings-
'
f
The
441,000
481,000
$348,965
$414,487
Fidelity-Philadelphia Trust Co., trustee, 135 So. Broad St.,
Philadelphia, Pa., will until 12 o'clock noon on March 23, 1945, receive
bids for the sale to it for account of the sinking fund of a sufficient
number of shores of preferred stock to exhaust the sum of $10,006.
All stock accepted by the sinking fund is to be presented for pay¬
ment and cancellation as of April 1, 1945.
The dividend due on that
the 322,056
dividend re¬
cepted. Therefore, offerings should be made at a figure which does not
Include accrued dividend.—V. 159, p. 1081.
1944
profit™-,-—
Federal
Net
1943
$789,965
——„—
$895,487
taxes—
income
Non-recurring
—J
of
(net)
income
common
for
1943
per
share
on
outstanding after the regular
a provision
for a participating dividend of
the 5Vst% participating preference stock.
Net
equal to $1.03 per share on the common stock
was
per
on
stock
will be paid by the
Feb.
21
on
stock
ac¬
Underwood
a
participating
quarterly dividend
dividend
of 68%
of
*
cents per
Philip D. Wagoner, President, announces that the stockholders at
yearly meeting on March 22 will be asked to approve a change
in the company's corporate name to Underwood Corporation and to
their
amend
2190.
the
certificate of
incorporation to eliminate all mention of the
of which is outstanding.—V. 161, p. 774.
preferred stock,
none
Union Light & Power Co.
(Mass.)—Merger—J
«^See Worcester Suburban Electric Co.—V.
Tampa Electric Co.
<•
Elliott Fisher Co. below.
Underwood Elliott Fisher Co.—To Change Name—^
declared-
share and the usual
Secondary Offering — Paine,
Webber, Jackson & Curtis completed a secondary offer¬
ing of 5,500 shares of capital stock (no par) after the
124, p. 2283.
—
clos* of business Feb. 26 at
V. 161, p. 707.
company
Underwood Corp.—Proposed New Name—
See
series B
p.
and
dividend,
on
the 5V2%
participating preference stock, par $50, and also
regular quarterly dividend of 10 cents per share on the common
stock, par $9. all payable April 1 to holders of record March 15.—.
160,
declared
and
on
after the regular preference
directors
has been
date
333,849
equal to $1.74
stock
the
I
accomplished "tfyg same
of stockholders w^re
meeting
explained that U)e change in the corporation's
to meet requirements of the Public Service
9 Months Ended Jan. 31—
».
amortiza¬
$809,793; pro¬
stock (437,816
payable March 31
on
special
a
•
regular
a
directed
S.
reserve),
expenses,
dividend
the amendments
if
to|the requests of certain stockholders."
directors further
share
shares which
~
approval of the Delaware court, which appointed him
trustee for Standard Gas, Daniel G. Hastings will consent
Subject
could
as
pursuant
Calendar Years—
taken
1945, and thereafter bfr the
T
that each director should hold office
director elected at the annual meeting
voting upon amendments
quested by certain stockholders.—V. 161, p. 774.
U.
taxes,
value,
November,
of
Tray lor Engineering & Mfg. Co.—Tenders—
$1.3469
except
will
The directors declared
result
1944
processes
accrued
Amendments to By-Laws—
on
a
year, except that each
November, 1945, should retain his post until his successor has been
May, 1946.
Commission. ;
reecivable
receivable
and
,
Commission last
Wednesday
$2.26
quarterly dividend of $1.25 per share on the 5% preferred
was
also declared, payable May 1 to holders of
(James)
V.
assets
second
414,927
$2,710,466;
accounts
or
fiscal year had been made
Participating Dividend—
plan Standard Power will transfer to Standard Gas
such sums as will be necessary to pay costs of
the transactions and for its own liquidation.
Standard Gas in turn
will transfer to Standard
Power 567,581 shares of Its new common
special
par
action
June 30,
March
$385,898
"$65,665
provision for income
'
* '
*"■>
any
x
623,640
$100,
par
record
figures do not include
$937,426
the joint
Under
its
stock,
The
November.
all
and
$4,486
the
Investment
holding company
.
plan
each
company
31
income
has
in
1,200,000
cents.
75
outstanding
in the Standard Gas & Electric Co.
system.
'
The plans are contingent upon approval by Federal District Court
at Wilmington, Del., as well as approval by the court of the Re-Cap
is
Sheet, Dec.
hand,
on
20 declared
no
No
quirements of $2.75
approximately $1.34
approved two plans providing for compromise of
claims against Standard Power & Light Corp. by its subsidiary, Stand¬
ard Gas & Electric Co., and for dissolution of Standard Power.
The
latter
the
stock,
15.
The total 1944 net income is
Standard Power & Light Corp.—Plans Approved—
SEC
Balance
and
State
Feb.
on
A
cents
75
shares
161, p. 468.
The
class
March
March
Net
corporation has acquired the issued and outstanding stock, com¬
of manufacturing
"8196,893
623,640
415,760
outstanding
payable
and
'"•*
(ry.
named in
206,668
700,000
Year Ended Dec. 31—
Standard Brands, Inc.—Acquisition—
prising 1,000
toriana, Inc.,
Federal
directors
the
on
of record March 10.
and
206,668
Tacony-Palmyra Bridge Cd^r-No Common Dividend—
year
declared a quarterly dividend of 35 cents per
common stock,
par $10,'payable March 20 to holders
directors
loss
or
1,233,693
1,199,859
(.■
bus)
Todd
record
(A. E.) Staley Mfg. Co.—35-Cent Common Dividend—
banks
in
173,296
$1,629,591
directors
the
for
$881,862; capital
shares, no par), $7,146,805; stock reacquired and held in treasury
(22,056 shares, at cost), JDr387,260; paid-in surplus, $603,420; earned
surplus, $6,089,487; total, $15,144,107.—V. 161, p. 247.
which
The
171,093
<0:21,061
25,151
$1,134,195.
net
$2.04
shares
2,896
$177,783
recently amended the by-laws of the corporation to
fiscal year of the company, beginning Jan. 1, 1945, to A
calendar-year basis, and to provide for the holding of annual meetings
profits tax not deemed to be assessable in 1944.
Liabilities—Accounts
The
expected
Boston.
4,224
"$25,800
.
Stockholders to Vote
1943
taxes
$4,133,050; rights, patents
tion), $1,888,214; total, $15,144,107.
increase
to
State
$5,841,321),
provide enough shares to. establish an open market.
Proceeds of the
sale
of
the company's shares would be
used to retire 2,274 out¬
standing
and
$3,980,850; customers'
miscellaneous accounts
for
$1,608,531
profits taxes.*
The
504,316
merchandise, materials and supplies, $1,181,852; prepaid expenses and
deferred charges, $48,112; investments and
advances, $570,045; land,
buildings, machinery and equipment (after reserve for depreciation of
vision
$1,109,043
income
combined
change
$2,848,410
508,310
share
excess
securities,
1,311,489
$174,888
8,343,895
second Wednesday in May.
The amendments also specified
1944
Consolidated
stock
electronic components.
be made available by
would
130,000
registered, 50,000 are to be sold by the company and
the shares
Of
the
covering
of electric
manufacturers
and
80,000
number of
$606,797;
1,323,354
"$30,024
$848,623
Assets—Cash
exchange
of
183,646
44.:.:v.4 •iqsitf
28
has authorized the listing of 88,000
stock (par $1), upon notice of issuance
stock
the
for
Mos.tr-.1944
9,548,017
deductions
and
70
was
$2,263,602
paid
Stock Exchange
York
New
additional
Listing of? Common
•—
Federal
per
1945—7
1,232,180
200,159
income
non-oper.
income
Symonds,
dealers
income
income
Corp.—Earnings—
1,490,639
income
called
"Federal
vm.K-
'"'Loss.
Years Ended Dec. 31—
Average
567.
p.
n.
$1,660,774 ^$1,590,713 $11,980,414 $11,263,915
—__
oner,
Total
Gardiner
at $42*4 a share.
Concession to
cents a share.—V. 160, p. 2654. ,
"%
Net
fixed
the
of
,
4
•
1945—Month—1944
Total
Sunray Oil Corp.—Secondary Offering—Blyth & Co.,
on Feb. 23 made a secondary offering of 4,000 shares
of 4%% cumulative convertible
preferred stock (par
Dividends
to be isstied
(Railway and Bus Operations)
Period End. Jan. 31—
Inc.,
for
part
a
v
Third Avenue Transit
Total
''Provision
form
to
are
of''4,000
listing
are
Thermoid of California, Inc.,
of the consideration for the
mechanical reasons it is not always
to arrange
companies in exact alphabetical
However, they are always as near alphabetical •
position as possible•
yt-nA
Total" gross
Stewart-Warner Corp.—Glore
Net
8
shares
subsidiary,
interests
to
Net earnings
Depreciation of plant and equipment
Amortization of rights, patents and processes—
Co.—Redemption of Bonds—
for
wholly-owned
a
order.
previously reported as associated with Mr.
Hilton, the Atlas Corporation, of which Floyd Odium, New York, is
President, and A. R. Glancy, Detroit, former General Motors execu¬
tive,
participated in the purchase.
(Chicago
"Tribune.")—V.
161,
Charles
Exchange has authorized the
pref. stock (par $10), which
conv.
possible
•'
addition
In
;
.
Stock
of
well.
as
Inc.
tures,
'11T
NOTE-—For
and Managing Director of the
immediately.
Chicago
Sylvania Industrial Corp. (& Subs.)—Earnings-
outstanding first mortgage 5V2% sinking fund bonds, series due 1960,
and series A, due May 1, 1960, at 103% wnd interest.
Payment will
be made at the Bank of New York, trustee, 48 Wall St., New York,
$311,29$
.
Vice-President, Atlas Corporation; W. J. Friedman, Chicago attor¬
ney; David Baird, Vice-President, Marsh & McLennan; Mr. Williford,
Mr. Ludwig, Robert E. Straus,
Vice-President, American National Bank
& "■Trust Co.,
and Frank Freeman, Vice-President of Paramount Pic¬
1944
161, P. 921.
$535,955
•
295,841,
by Thermoid of California, Inc., of a portion
Grizzly Manufacturing Co.—V. 161, p. 468.
of
Henry L. Ludwig, formerly with the executive offices in Los Angeles,
become Controller of the Stevens and will hold the
position of
Controller
$6,645,178 $41,698,948 $41,174,708
$6,779,925
_
1945
:
.
Jan. 1 to Feb. 14
1944
''5,160
6,144
Co.—Listing of Additional Convertible;
York
to
purchase
assets
on
Week Ended Feb. 14
Period—
;!
Stock—
New
and
the
$40)
1944
62,776
$61?,297
281,250
Note—The above
1942
$22,519,462 $21,072,791 $19,277,012 $13,064,200
8,751,802
8,431,229
8,862,456
4,437,740
2,578,525
2,665,996
2,836,530
2,645,603
Period—
Gross
1943
1944
' $549,521
$823,349
.....
the
be
who
that
bankers, has been elected
resigned.—V. 161, p. 147.
1945
170,844
,-.4,915
r
,/
$754,367
deductions
additional shares
p. 707.
Southern Ry.- -Earnings—
205,486
charges
York will become Vice-President
New
Stevens.
$40,454,801 $40,023,740 $33,006,955 $23,820,370
.11,015,218
11,959,650
11,630,087
7,838,081
2,953,189
3,646,334
5,576,066
4,834,350
January—
$725,286
?
,.12,214
income
income—
ferred
Healy is President, to the Stevens Hotel Corpora¬
Hilton. The sale price was $7,500,000.
by Mr.
Hilton
Mr.
773.
161, p.
£,017,225
$972,067
68,982
tive
redemption on April 1, next, $108,000
pipe line sinking fund bonds, 314%
series, due 1956, at 102 Vz and interest.
Payment will be made at the
Central Hanover Bank & Trust Co., trustee, 70 Broadway, New York,
N. Y.—V. 161, p. 468.
of
operating
Thermoid
Among the directors of the Stevens Hotel Corporation are: Mr. Hil¬
Herbert L. Stern, Lawrence Stern & Co.; L. Boyd Hatch, Execu¬
Redemption—
3,770,226
—V. 161, p. 608.
Hotel, Chicago—Sale Completed—
tion, headed
•,
$6,512,731
3,773,040
2,239,867
accruals
railway
Net
'
ton;
Southern Natural Gas Co.—Partial
1044
4,
$6,984,974
.
income
Fixed
With the transfer of a $3,000,000 check,
ownership of the Stevens
Hotel on Feb. 16 passed from interests headed
by Stephen A. Healy,
Chicago contractor, to a group headed by Conrad N. Hilton, Los Ange¬
les hotel operator. Title was transferred from the Avenue
Hotel Corpo¬
—V. 161, P. 707.
,
1945
•
r.
412,296
$573,014
/
expenses-..;.
Miscellaneous
*12,819
82,749
606.' 1
p.
Ry.—Earnings—
14 406
Income™
oper.
15,
revenues
tax
Total
$478,385
railway
Sept.
as
will
Balance
declared a dividend of 35 cents per share
stock, par $100, payable March 15 to holders
last year were as-.follows: March <45;
35 cents each; and Dec. 15, $1.45.—V. 160,
21
Payments
Railway, operating income..........;
Equipment rentals (net Or)
Joint "facility rentals (net Dr>
5,158 shares
1944
railway
•'''Deficit.—V.
ration
income
Divs.
3,158,924
64,121
other deducts..
&
Net
$7,358,016
245,754
taxes..™
for
income
Gross
1945—12 Mos.—1944
$7,617,215
$678,999
261,389
and
amortization
Provision
•
161,' jp. 468.
shares
4.8
by
an
Power
1945
Stevens
Gas & Electric Co.—Earnings-
period End. Jan. 31—
Operating
the
on
15
Southern Indiana
Gross
January—
declared
accumulations
of
payable
28.
January—
Operating
Operating
it
4.8
also
addition
distributed
& Co. in accordance
assets.—V. 160, p. 1744.
distribute
Standard
and
common
stock series B.
will
Standard
Byllesby
of
Power
*4j/a shares for each share
of common
common
H.
new
accumulated
shares
100 shares
new
Power
all
100
for each
of
and
Month of
liquidation plan
follows:
as
and
each
for
shares
receive
preferred
of
proposed
Staten Island Rapid Transit
a
dividend
of
$1.25 per
share on
7% cumulative preferred stock, par
holders of record Feb. 28.
A similar
distribution was made on Dec. 15, last, which compares with $1 ? per
share in preceding quarters.
Arrearages as of Dec. 16, 1944, amounted
to $37.50 per share.—V.
160, p. 2654.
,
v
account
Feb.
on
1st preferred
Feb.
Texas <& Pacific
\
^»
its
Under
15
Other
directors
1944.—V.
p. 2336.
to
Gas $7
Southern Colorado Power Co.—Accrued Dividend—
The
April 14, July 14, Oct. 10 and Dec. 8,
on
Telephone Bond & Share Co.—35-Cent Preferred Div..
$296,716
the
in
now
Standard
'1029
Taylor-Wharton Iron & Steel Co.—30-Cent Dividend—
exchange
as
increase of 139,693 shares
capital stock to be issued by Standard Gas under its amended
plan.
Under the present plan Standard Power as holder of
new
certain
the
recently, -company
his
Power
Power will
proposed agreement
Re Cap
,
announced on
Feb. 27 that it had purchased 97,625 shares of its capital stock at an
average price of $46.44 per share.
The company stated that about
50,000 additional shares were tendered "but that they were refused
because the price was too high.
an
of
costs
Standard
Standard
plan.
result
the
without
addition
$25,000 in settlement of the suit.-
agrees
161, p. 707.
South Penn Oil Co.—Acquires 97,625 Shares—
As
In
general releases.
$'<50,620
revenue
dismissal
Power.
Mos.—1*044
1845—12
'
a
price of $28%
per
share.—
United-Carr Fastener Corp.—1943 Renegotiation—
The
corporation
1943
and
This
settlement
but
had
a
no
net
has
completed
refund'
reduced
effect
on
of
net
renegotiation of war contracts -for
was
made to the Government.
for the year by $707,526,
$278,406
dollar
sales volume
profits or surplus.—V.
160, p. 2336.
Power
837,998
895,893
$2,844,205
1,168,259
transportation operations—
investments and other sources—
from
income
Net
*2,302,464
1,081,698
Income
from
Mr. Hickey said United would file additional plans bet^e tmxt
August which he hoped would complete compliance with the Commis¬
sion's 1943 order.
The
Fixed
income—-
charges
other
and
$l'?37 597 $l'l75 007
1,137,597
i,x/o,uuf
—
$2,269,155
7,500,000
which
161, p. 708.
Presi¬
Corp.—Annual Report—Wm, M. Hickey,
United
v
tDne
ann
includes a special dividend of $606,622
the capital stock of United Gas im-
Corporation's Income for 1944
"received by the corporation
,
.
on
the income for 1944 includes also $2,422,488 received
corporation on 2,018,740 shares of common stock of Philadelphia
Electric Co.; which were delivered or deliverable out of the corpora¬
tion's portfolio in December 1944 under the Plan for Exchange,
v.
However, as a result of the retirement of 1,122,190 shares of the
corporation's $3 cumulative preference stock under the Plan for Ex¬
change, the < annual dividend accruals on preference stock outstanding
will be reduced by $3,366,570; which amount more than
offsets the
reduction in the corporation's dividend receipts following the disposi¬
'
tion
Reduction
-
exchange whereby 2,018,740 shares of the common stock
of Philadelphia Electric Co. and $6,757,580 in cash were exchangeable
for 1,122,190 outstanding shares of the corporation's $3 cumulative
preference stock.
The plan for that exchange became effective on
Dec. 5,
1944, with the approval of the Securities and Exchange Com¬
mission and under the direction of an order of that Commission, as a
to comply with the Commission's order: of Aug. 14,
requiring the corporation to change its capitalization to a single
of common stock and to cease to be a holding company.
The
step
1943
class
The
oversubscribed by Dec. 19, 1944. As a
corporation's holders of the common
Co, were deliverable to approximately
holders of the corporation's preference stock, which will regup
plan for exchange was
practically all of the
Philadelphia Electric
result,
of
6,500
shares of the preference stock by
reduction of the outstanding
the
in
about 45%.'
f
which
the corporation shall comply with the Commission's order of Aug. 14,
1943, under Section 11(b)(2) of the Public Utility Holding Company
Act, by which the corporation is directed to change its capitalization
to a single class of common stock and to cease to be a holding comextended
has
SEC
The
•
13,
Aug.
to
1945
the period during
in the formulation
engaged
diligently
been
have
directors
Tne
of
plans to complete compliance with the Commission's order of Aug. 14,
Following the successful outcome of the plan, by which prac¬
.1943.
tically all of the shares of common stock of Philadelphia Electric Co.
•were
exchanged for about 45%
of the outstanding shares of the
preference stock, a further plan for the exchange of
151,655 shares of preference stock for 303,310 shares of the common
stock of Delaware Pawer & Light Co. and $5 per share in cash has
been submitted to the SEC for its approval.
If this second plan is
euccessfully consummated, the number of outstanding shares of pref¬
erence stock will have been further reduced, and voting securities of
another statutory subsidiary will have been eliminated from the cor¬
poration's portfolio.
It is recognized by the board of directors that full compliance with
the requirements that the corporation eliminate its preference stock
and dispose of assets found by the Commission to be unretainable
under the Act, may not be feasible through the exchange method alone.
It may be necessary, therefore, to propose others steps for the elimi¬
nation of th remaining shares of preference stock, and for the divest¬
ment of securities found to be unretainable by the corporation under
corporation's
,
the Holding Company Act.
■,
"Income—
1944
'
Dividends
•
Int.
t$5,G24,773
U.
from
S.
Profit
i
2,116
2,630
1,093
20,933
JDr233,115
Dr317,450
$5,636,441
$4,518,048
284,071
$4,101,956
286,058
$7,137,265
261,831
Current
Taxes
expenses
other
than
&
The
"For
280,886
inc.
taxes
36,718
Preferred
?
Co.,
22,896
249,894
239,857
$5,015,873
divs.
$3,948,799
of
3,110,874
2,488,699
7,466,097
$6,811,214
*1,866,523
$1,786,396
charged
to
earned
surplus
and
$80,127
charged to capital surplus,
tlncludes special dividend of $606,622 re¬
ceived on capital stock of United Gas Improvement Co. and
$2,422,488
received on 2,018,740 shares of common stock of Philadelphia Electric
Co.
tNo provision
i
required for
'
*
of
assets
profits
excess
I;
amortization,
Gas
&
Delaware Power
Electric
Corp.
preferred and common
respectively.
Otis & Co.,
Otis
&
the
of
asked
Co.
question of
that
the
rehearing be devoted to
warrants
Public
United
tion
proportion.—V.
Light
161,
Railways
&
The
new
the
on
tributed
to
to the
The
"When-
to
of
stockholders
Exchange.
Curb
United
the
of
of
New
Jersey
&
to
is
Power
Co.
1/20 of
and
for
common
share of
a
stock
common
of
United Gas Improvement Co.
capital stock
American
Electric
Water
Works
and
comomn
Commonwealth
•
warrants
&
—
Corp.
common
of
Lehigh
_
The
each
share
Railways
new
Power
Co.—V.
Merchants
directors
stock
mon
Bait,
&
stock
of
of
common
161,
Coal
and
Navigation
each
with
the
which
held
The
provided
Assets
States
to be
Cash in
t
The
Accrued
Accrued
Federal
Liability
the
in
the
splitting-up of
each
for
share
7, 1945, of. one
holders of record
by
This
number
by
action
of
at
taken
was
authorized
the
in
176,556
(3,334 shs.)
66,685
8,099,900
costs
taxes
of
(stated
$1
2^9291233
2,193,275
$116,466,992
value
$5)
Net
the
close
of
;
exchange plan
other
tax
holders
than
directors
A
10%
161,
p.
1944.
—V.
tax
' 5V795
~
—3L280
accrued
of
accepted for exchange
Capital
surplus arising
preference stock
shares
—.
from
320 000
,
69,739
of
preference
stock
of
The
common
annual
of
stated
also
declared
quarterly
a
dividend
of
30
cents
_
~~~
stock
distribution
also
was
made
May
on
15,
last
the corporation to function
to
stock¬
four
through Merrill Lynch,
working capital.
O.
Warren,
Gertrude
$100,000;
H, Felt, $100,000.
shares of stock are being
L.
sold
President,
La
Fortune,
stockholders—
nine
by
Year End.
Nov. 30, '44 June 30, '44
$225,311
$765,779*
taxes
share
common
New
York
first
$0.38
$1.28
Stock
Exchange
mortgage,
series
has
A,
authorized
2%%
bonds
the
due
listing
Feb.
1,
of
1970.
248.
p.
Gross, proiit
from
Depreciation
of
1944
sales
ministrative
221,041*
operations
from
$2,605,575.
.
expenses
Profit1
J.—Acquisition—
1943
$2,546,897
and
buildings
equipment and
amortization of special facilities— —:
"Selling, special engineering, general and ad¬
year.
215,691
1,130,670
1,084,487
$1,195,186
$1,305,397
( Other income credits
53,729
327,344
$1,248,915
Net
The company's renegotiation proceedings for 1943 resulted in a net
payment to the Government of $7,473, which had no material effect on
profit and loss for that year and so was charged to expense during
1944, the company reported.
Of a total of $14,199 recovered by the
Government, $6,726 was listed as reduction in post-war refund of
excess profits taxes.—V.
160, p. 2655.
$1,632,741
Normal
Net
Corp.—Signs Pact with CIO—
of
of
board
three-man
a
agreement,
conciliation
of
including
the
arbitration
and
to
griev¬
Balance
V.
$245,656;
609.
first
mortgage
be
will
called
been
have
3%%>
made
for
redemption
April
bonds due 1968 at lOOVs
Guaranty Trust Co., corporate trustee,
161,
140
775.
p.
1943
$131,818
$126,209
railway---—
28,582
35.309
35,235
34.788
income—
609.
17,097
14,669
18,294
16,430
oper.
161, p.
cap.
per
taxes,
taxes
charged
amounted
in
(& Subs.)
1943
1942
to
$1,690,126
$2.75
$2.75
$2.48
$2.68
depreciation,
for
U.
against
and
S.
161.
from
from
Net ry.
1944,
which
railway—.:
p.
$3,216,887
inl943,
and
to
The
income
Other
an
for deprecia¬
$1; prepaid
J'.;
redemption on March 15, next, $135,-
4%
$3,330,336
1,828,507-
revenues.,
oper,
$5,202,315
3,113.722
1943
1945$7,653,656
$7,686,229
$7,142,966
expenses-—
2,862,566
3.042,839
1,445,679
705,344
746,841
866,997
580,720
.
28.196
139,328
110,923
1942
.
Sales
Massachusetts
Department of Public Utilities has approved the
Leominster Electric Light & Power Co. and Middlesex
2.641,936
+85,000
+260.000
—
—.—
.
2.150.009
125,000
___
$269,871
$901,368
$2,076,328
D10I8
Dr9,607
Dr8,556
Drl4.254
$269,253
455,193
$891,761
$2,067,772
$2,409,213
483,456
1,833,971
1.906,840
Z)r$185,940
$408,305
$233,801
$502,373
deductions
Net income
2,350,000
2,777,394
loss——
Gross income
Income
1,743,169.
559;000
759,362
Cr35,000
Non-cperat ing
%
9,991 812
1.102,523
322,025
594,148
test,)—
tax.
Operating income
•
$18.569,74§*
635,000
——
-
inc.
$5,100,332 $20,209,705
2,558,577
11,046.814
624,574
Maintenance
Depreciation
$4,919,663
2,630,269
1944
1944—12 Mos.—1943
$3,203,922 $12,756,681 $11,557,908
1,868,214
7,313,696
• 6,900.912
43,442
revenues..
oper.
"Adjustment
Invest¬
of
patents,
r
for
1944—3 Mos.—1943
electricity—-
Operating
with respect
ended
922.
of
mortgage
of-gas—--X—
Total
at par, by Wachusett is reasonably necessary fcr the purpose
acquiring all the capital stock, assets and property of the Leo¬
minster and Middlesex companies.—V. 138. p. 4144.
par),
reserves
$2,520,931
Wachusett Electric Co.—Consolidation Approved—
consolidation
class A
has called
Taxes
railway
oper.
161,
(after
$1,290,772;
Association—Partial Redemp¬
■'-.'v-
of
Sales
foreign income and excess profits
for the
six
months
ended
Dec.
31
1941.
proceedings
year
January—
Net
plant property
$1,403,977),
(after
assets,
foreign subsidiary companies
Westchester Lighting Co.—Income Statement—
248.
p.
of
Sales
Wabash RR.—Earnings—
Gross
deposits
1674.
p.
Period End. Dec. 31—
charges.
and
income
in
other
to Government business for
June 30. 1944, have resulted in a
determination by the Government that no excess profits were realized.
—V.
160,
The Association
$1,827,101
share__
$2,831,646
fiscal
last
cash
1941
$1,867,795
Renegotiation
the
of
tion—
-Earnings—
1944
$1,866,564
and $947,569 in
1942.
(including
serial bonds due March 15, 1955, at 100
and' interest.
Payment will be made at the Oak Park Trust & Savings
Bank, trustee, 1048 Lake St., Oak Park, 111.—V. 160, p. 873.
*
profit
"After
advances to
and
West Suburban Hospital
000
6 Mos. End. Dec. 31—
Earns,
1944
owned
1942
$141,634
from
Net from
amortization
and
$7,215,185.—V.
1945
$118,087
1944
railway-—
January—
—V.
80,
of
$6,612; capital stock (350,000 shares of $1 par), $289,659; capital sur¬
plus, $1,786,776; earned surplus (since Dec, 1, 1933),. $4,312,469; total,-
Utah Ry.—Earnings—
Gross
Sheet, Nov.
securities
$2.80
,
tRefund
expenses, and deferred charges," $61,501: total, $7,215,185.
Liabilities—Accounts payable, $212,294; accrued accounts, $332,381;
dividend
payable, .$144,805;. reserves for reconversion of plant prop¬
erty, post-war expenses, and contingencies. $150,190; ether reserves,
1, next, $1,000,000
and interest.
Pay¬
the
at
Broadway; New York, N, Y.—V.
investments in
consolidated, $74,686;
tion
Redemption—
on
$2,271,904;
579,213
$2.60
of
securities), $1,593,575;
accounts receivable
$71,951), $622,852; inventories, $1,054,238;
other
of
reserves
p.
shares
common
purchase
the contract;
161,
$809,660
,
579,218
-
1
for
steel-producing subsidiaries of the corporation are affected by
Negotiations for the contract began in December, 1943.—
Five
7,272
$753,057
-
Assets—Gash.
County Electric Co. with Wachusett Electric Co.
The Department also
found that the issue of 3,700 shares of additional capital stock ($100
as
4
depreciation: 1944, $10,250; 1943, $9,999.
profits taxes paid for fiscal years 1943 and 1942.
excess
(CIO),
America
of
563,425
53,100
tCr40,844
...—
"Includes
establishment
settle
$1,433,456
—i
taxes
income
announced Feb. 17 by the corporation and the United Steel
was
ances,
Workers
labor
new
a
taxes
199,286
$1,184,022
471.809
income
taxes-
Canada
of
Dividends
j
Fed.
for
prov.
surtax
profits
Dominion
64,893
before
and
Excess
•
6!l5l!245
charges
inc.
Earnings per share on 289.G58
United States Steel
24 127 838
II
income
Gross
Income
$116,466,992
.....
the intention of
debentures
public
Wayne Pump Co.—Earnings—
reported that this corporation has acquired a factory building
Angeles, Calif., and'will open operations there next fall.
The
of this plant will, it is stated, amount to 2,000 pieces of
finished goods daily.—V. 159, p. 2679.
—V.-
To Become An Investment Firm—
It is still
the
of
to.the
New York.
The proceeds will be used to
loan to the First National Bank, Chicago, and
after charges and
per
161,
—
$2,423,457
of elec.
'
(kwh.)
Sales of
*
Total
$1,000,000
Years Ended Nov. 30—
Los
61,493 498
:
......
sell
per
is
It
value"of
;
Other capital surplus.
Larned surplus
statement
registration
a
5 Mos. End.
$11,000,000
meeting
775.
2 929 233
......
reduction
the SEC
Beane,
bank
150,000
profit
—V.
United Piece Dye Works, Lodi, N.
14,529,492
,
;v
income
with
15
Washington Terminal Co.—Listing of Bonds—
on the common stock on the split-up basis payable on March 13,
to holders of record at the close of business on March 7, 1945.
On the present common stock, the company paid quarterly cash divi¬
dends of 50 cents each on March 13, June 13, Sept. 13 and Dec. 13,
$6,832,611
share)
per
1807.
Mabel
and
Earnings
Fed.
(stated value
surplus,
p.
Okla.—Registers with
;
com¬
conjunction
shares
the stockholders at
the
presently issued
additional share
-
preference stock
income
to
(48,705 shs.)
—I—..;—_»
stock
par),
$765,500;
paid-m
total, $5,037,205.—V. 159,
I
Up
1945.
14,
Note—Provision
———__—
cumulative
no
$1,109,839;
W.
K. Warren,
80,000 shares; Natalie Warren,- 10,000; Gertrude L.
La Fortune, 43,800: Mabel H
Felt, 15,COO; H. W. Harts, Jessie Garrod
.Harts, Sam Hul.se, John T. Oxley and Mary K. Oxley.
-
1945,
capital
exchanged by exchange agent under plan
'
&
Natalie
$300,000,
-
—
ended Oct. 31, 1943, $50,888;
and facilities to peace-time produc¬
.preferred stock ($50 par), $980,550;
year
stock.
additional
$500,000;
share
2,090,025
securities
banks
Liabilities—
Common
4,460,313
common....
Government
Total I..-
$3
(203,900 shs.)
...
Philadelphia Electric Co.
taxes,
Stockholders purchasing the debentures are W. K. Warren,
%
March
held
approved
was
for
shares
two
1945.
28,
increase
Feb.
on
20
of
share
Feb.
on
stock
"Net
(33,175 shs.)
Co.
shares,
the .remainder
offer
$750,000
a
furnish
to
Co.
921.
p.
and
Former
pay
*
preferred stock
for each share of A or B
Power
Manufacturers, Inc.—Splits
the issuance on
for
business
rate
Vick Chemical Co.
Inc.
—
$3
filed Feb.
will
company
Pierce,
3,371,756
Light and Power
common...
plant
provision
Government
S.
Period—
Feb.
on
the
at
by directing
option
—
of
(60,400
common
holders
Common Stock—
188,438
stock
United
716,648
(1,798,270 shs.)
——
'Consolidated Gas Electric
stock
income
$14,401;
U.
accounts
compensation,
State
.
United
Net ry.
common
Consolidated Edison Co. of New York,
Co.
10,852,427
(63,002 shs.)
Corp.
Southern
40,693,553
Co.,
—
Commonwealth & Southern
savings
payable,
$448,922;
$101,543;
for income taxes,
resulting from re¬
$350,000;
other
and
for the
$225,000;
earned surplus,
par)
The
dis¬
be
pursuant
Co. and the distribution of the new common stock to the stock¬
holders of United Light & Power Co. on the basis of five shares of
145,530
(1,493,789 shs.)
(606,632 shs.)
com,
for conversion
corporation
$5
"when issued"
stock
The
Light
plan for the final liquidation and dissolution oi said corporation
Railways
S.
and
Federal
than
Warren Petroleum Corp., Tulsa,
approved by the SEC on April 5, 1943.
The plan provides for the
reclassification ol the present common stock of United Light & Rail¬
new
U.
reserve
covering $3,000,000 13-year sinking fund debentures and 150,000 shares
York
New
*
•-
$629,311;
SEC—
Co.—Admited
stock (par $7) has been admitted to
common
dealings
1941
31,
deposits,
(bank),
salaries
contracts
war
requirements,
$64,400;
774.
p.
Oct.
$5,037,205.
payable
amount
common
Issued" Dealings—
ment
...
Corp.
demand
preferred stock,
payable to
on
provision
•not
——
Service
and
wages,
other
negotiation of
determination
a
refund
post-war
balance-Sheet.
total,
$6,881;
taxes
dividend
to
Utah Power & Light Co.—Partial
$18,985,491
(303,311 shs.)
4,582,138
(2,333,107 shs.)
16,915,026
Light Co. common.—
Niagara Hudson Power Corp. common-—
Kiagara Hudson Power Corp. "B" option
(After
.
production
of $22,000
peace-time
1943/
portion.
There
Shares Held
&
hand
on
accrued
accrued
taxes.
(2,410,856 shs.)
common..
in
to
facilities
contingencies.
Liabilities—Note
on a basis of 94.52 and 5.48%,
preferred stockholder, contended the plan was unfair.
The Supreme
Court's 5-to-3 decision affirming the general ararngement did
not
attempt to determine whether the actual division was in proper pro¬
of
Investments in (stocks of corporations—
Columbia
and
for doubtful
accounts of $13,913), $1,271,642; other accounts receivable, $18,120;inventories. $1,604,784; cash surrender value of life insurance* $24,258;
deferred charges, $9,142: post-war refund of excess profits tax (esti¬
mated), $177,720; plant and equipment (after reserve for depreciation
and
amortization
of
$1,118,765).
$3,274,739;
patents,
at
cost less
$572,852;
Supreme Court for a
a plan of liquidation
$394,160
88,250
161,790
plant
$144,020
and
100,000
$374,082
surplus
——
of
and
1944
to
bonds;.series E, $20,606; accounts-receivable (after
a
Sheet, Dec. 31, 1914
Assets—
.
,
Balance
dividends
conversion
$353,311;
distribution
for
-
$3,553,145
paid—
transferred
Consolidated
Power Co.—Rehearing Sought*—
Cleveland, has asked the U. S.
its recent decision which upheld
plan called
Completion
which
"Of
35,284
322,020
>1; Net'income
$494,160
125,000
reserves
in
'
ftProv. for Fed. inc. tax
to
158, p. 199,
stockholders
45,165
investm't
__J
Total
V
1941
$7,454,715
10,575
from
1,496,293
profits taxes
excess
requirements
United States Gypsum Co.—1943 Renegotiation—
securities
1,492,600
$499,082
income
Preferred
United.
of
Gov.
securities
,?
$4,494,999
144,515
$1,990,453
capacity
1942
$4,332,441
1943
the series B bonds.—V.
United Light &
in
Calendar Years
Income Account for
129,460
income
Net
IL—Secondary Offering
—Bear, Stearns & Co. and Hincks Bros. & Co. made a
secondary offering Feb. 20 of a block of 5,730 common
shares (no par) at $44% a share, with a concession of
$1 a share to recognized dealers.—V. 158, p. 2297.
P
.
56.996
$2,134,969
$1,991,682
—
-
-
,
"Appropriated
ways
Comply with Holding Company Act
Further Steps to
937,137
$2,077,972
$2,121,142
—
Assets—Cash
•was
.stock
$2,053,923
deductions
Net
plan
approved by the Commission as the result of proceedings before
it which extended over several months, and during which the plan
was modified in certain respects.
9,8041646
%
67,219
income
tFederal income &
United Illuminating Co. of N.
plan for
major
...
w
Total
Balti¬
of
have an aggregate market value in excess of that of
is being considered, Mr. Hickey said.—-V. 161, p. 507.
and interest for
rehearing
during 1944 was
important step taken by the Corporation
The most
the
Gas
Old
Otis
Plan
Exchange
Through
Stock
Preference
of
$12,819,806
1,968,321
income
Other
which,could be readily
United's holdings in
ex05^ses__._
of
Consolidated
amount sufficient to exhaust the sum of $213,905, at prices not ex¬
ceeding 105 and interest if or the series A bonds and not exceeding 101
stock of Philadelphia Electric Co.
of the (common
Light,
and
proiit
-
1943
11,605,928
;
general & administrative
Total
Colony Trust Co., trustee, 45 Milk St., Boston, Mass., will
until noon of March 7, 1945, receive bids for the sale to it of gen¬
eral and refunding mortgage 5%
bonds, series A, and general and
refunding mortgage 4%'
bonds, series B, due Jan. 1, 1951, to an
Pr^rtheIrtmore',
bv the
•
<fe
distribution
York
New
Other
securities,
any
United Electric Rys. Co., Providence, R. I.—Tenders—
The
dent, states!
Power
No
of
own
sales
"
$14,728,172
—
Delaware Power,
5,500,000
Federal inc. and excess prof, taxes
'Includes
Delaware
of
Edison Co.
Consolidated
does not at present
stockholders.
to
distributed
more,
$2,874,867
from all sources
income
Net
he testified,
company,
from stock
of
Gross
pany.
aside
Total
Cost
Sellihg,
-
1944
,
sales
Net
-
Co.—Earnings—s
V
Years Ended Oct. 31—
this
standing $3 preference stock and accumulated dividends.
United was directed by the Commission in August, 1943, to capitalize
on
a
single stock basis and to cease functioning as a holding com¬
(net charge)
Joint facil. rents
and
Equip,
Walker Manufacturing
company,
Under
*^£"1
Hauia," op«antm?7evenUeS
Monday, March 5, 1945
continuation of hearings on
accounts between the companies) •
(Excluding offsetting
its President, William M. Hickey, told the EEC at a
the corporation's second plan of exchange.
plan United proposes to exchange two shares of Delaware
<fc Light Co. common and $5 cash for each share of its out¬
ment
Leased Lines)—Earnings—
Union Pacific RR. (&
—V.
& FINANCIAL CHRONICLE
THE COMMERCIAL
'1030
tcu.
——94,934,483
gas
ft.)
1,636,991,000 1,672,218,900 6,929,773,800 6,503,421,700
"Reduction
ance
in
Federal
made for Federal
indicate
89,440,013 362,379,139 321,211,602
no
excess
income
excess
tax
due
to
surplus items.
tNo
allow¬
profits tax as preliminary computations
profits tax liability.—V.
160, p. 2009.
Volume
Number 4365
161
THE COMMERCIAL & FINANCIAL CHRONICLE
Wellington Fund, Inc.—20-Cent Distribution—
The
directors
the
on
Feb.
on
capital
stock,
declared
20
dividend
a
of
cents
20
Western Maryland
Western Canada Flour Mills Co.,
It
announced
was
Feb.
on
(a)
the
the
of
name
Ltd.;
(b>
prelerence
and
preference
exchangeable
has
of
under
of
plan
and
each
(ac)
dividend
of
62 V2
cents
to
merge
be
(2)
Western
share
share
per
of
new
"Include
—'V.
following
the
Kansas
1
dated April 17, 1944,
have
outstanding
as
of Oct.
1944, the
31,
-
4 %,
$5,000,000
series A
stock (15,532 shares, 110 par)__
1,553,200
$7 cumulative preferred stock (3,764 shares, no par)—3*76,400
preferred
stock
(160,000 shares,
par),
no
Western
all
owned
The
preferred stock
($1
serial
Unsecured
is
Inc.
(2)
(Western,
1,869,125
^
2l/2%
1,188,320
,*
3
375,000
Merger
and Security Issues
Western be merged into Kansas, as the
under the name of Western Light & Telephone
first
three
finding by
$27.50
years,
share
per
for
three
the next
share
to
7%
of
receive
pre¬
share
years,
preferred
share
of
stock
5'/
It is further proposed that
of Western, holders will be
stock of Western, Inc.,
plus a payment in cash for each share1, and of the $6 preferred stock
and the
$7 preferred
stock of Kansas, holders
will be entitled to
receive
four
one
shares
would
case
be determined
stockholders,
holders
of
dividends
5%
each
the
agreement of merger is submitted
constituent
stock
to
in
companies.
the
date
the
one
shares
five
of all
owner
shares of
of
It
(4)
is
holders
stock
is also proposed
companies will be
that
paid
the
the
of
States
entitled,
Since
Western
and
Said
stock
the agreement of
will be canceled.
to the
merger
be
put
into
who
companies
the
under
the
is
proposed
the
for
sale
Gross
oper.
Oper.
inc.,
taxes
inc.
laws
to
to
to
exchange
securities
both
of
a
into
ent^r
responsible
which
so
to
pay
In
(6)
the
Kansas
and
their
shares
Western,
of
Delaware,
Inc.,
of
will
after
inc.,
be
underwriting
underwriter or a
an
Pres.
1944
A.
are
of
(7)
substantially
in exchange will be used to provide the funds with
the dissenting stockholders
event that preferred stockholders of either constituent
underwriting
of
common
of
for
retirement
the
of
of
debt
or
is
Western,
contemplated
Inc.,
not
with
issued
to
respect
to
dissenting
Western.
public.
bonds
(4%), series A, due July 1, 1964, all held by the
to the proposed merger, Western, Inc., proposes to
issues of bonds
through the issuance and sale of
3lU% first mortgage bonds to be due in 30 years.—
Incident
refinance
$6,200,000
V. 159.' p.
both
of
1807,
1,153,549
7,657,392
,235,008
658,837
$1,476,369
taxes
lessor
$1,153,548
of
certain
of
pointed
which
out
made
income
lessor
that,
incident
reducing®Western
payable
for
following
Western
Ended
Dec.
the
Union
and
Federal taxes
on
a
Provision
for
of
postwar adjustments
records
show
commitment
aid
such loan in 1944
was
that
for
25,618,832
p.
the
Co.,
good
and
York
is
Stock
with
will
of
only $4,624,
compared with $4,619 in 1943,
despite the pressure on real estate
prices
from
on
increased
power
wartime
and restrictions
on
Feb.
28
announced
Company,
the
residential
building.
"During 1944, commitments to
insure mortgages secured by ex-
jstin^
houses
668,496—the
ume
amounted
highest
to
dollar
$236.-
vol-
since 1938—and covered 51,-
186 properties, according to Mr.
Ferguson.
This was an increase
ol 10.3% over 4he 1943 volume) of
Co.'s
k\S,
The
tha
Light &a
consolidation,
is elfective
irs-g
acquire the
Co.
■
,
approved
Union
as of Jan.
1, 1945.
50,312 additior/al $25 par
two companies, has also been
of
other
'
' V
t
*.
,
\j Vv
'
L'J1-*
,
'
it m'ght be able to
announced
resume
*
manu¬
'
„
RR.—Earnings—
1P45,
$2,588,719
709.
& 1942/
1943
$3,334,798 : $2,046 00(3
775,876
328,542
'
«'
'
?
*
836,788'
.
income—_
oper.
p.
1944
$2,705,968
railway
railway-—,—
301,477
1,426.749 /
*810,949
715,241
*564,584
;
.
;
The
Machine Tool & Equipment Corp.,
with ofii-es c't 500 Fifth
Ave., New York. N. Y., has extended
its offer to purchase all tho
$2,318,000 outstanding Yosemite Valley Railroad firct
mortage 5% 30year gold
bonds or certificates of deposit therefor on the' basis
319,896
$280
all
of
the
28.
will
plant
Fred
at
B.
D
of
$50),
continue as
Vice
of
manager
and
Gross
Mr.
Selling,
profit
p.
ministration
and
Operating
tuations
Total
of
6,235
income
Interest,
issuance
Federal
Net
etc.
per
$010.824
The
1945,
The operations of
subsidiary,
have
been
233,382
241,578
285,951
235,382
$3,916 in 1943, after
liabilities.—V. 161, p.
,
first, that valuations
short-term price fluc¬
inconsistent with the
it is
assume that
price level existing at
certain
that
time in the past is stable and
that prices will inevitably return
and remain
at that level.
"FHA valuation procedures are,
therefore; intended to be flexible
in recognizing long-term adjust¬
of
rate
L.
A.
a
net
"If this
in
are
therefore
policy has been
the
important
past, it is
under
fort is made
ket in
now
a
es¬
more
concerted
line, whether with
or
ef¬
mar¬
with¬
out
mortgage insurance, there is
danger of runaway prices and
possible later collapse." The FHA
further says:
Records
that
for
last
year
insuring of loans
construction
was
show
existing
widespread over
on
the
country, with increases pro¬
portionately greater in many of
the
insuring offices having smal¬
ler volumes of operations.
Five insuring offices increased
their
existing home mortgage in¬
surance.
commitments
than 100%.
They
are
by
;
569,542
$731110
56!8U
$787 921
280,685
3-2,175
230,043
$525,702
$0.87
for
the six
$1.29
months
ended
herein
011
the
basis
of
the
official
Such
oper¬
1915, $57,400
transition
01
in 1944, and
Canadian assets and
bu.
condi¬
to hold the
1942
(1944, $232,246; 1943, 264,233).
Industries of Canada, Ltd., and its
Young
appropriate
sound
a
even
current
tions, and unless
depreciation
profit of $27,467 in
tablished.
one
1
$262,843
consolidated
market and when price levels for
existing houses
for
to
f
.
$353.78i"~
exchange prevailing during the six months' period.
in
"
136,667 /
$1.82
provision
amounted
ations resulted
'
com¬
$1,300,652
.
68/ 8
$771,lr3 ~~
2,133,189
"$744.2 5
$1.25
share—
531,055
on
to
1942
31,
taxes—_ 1,398,438
—-
com.
'
6,3C2~
$7b2.~4177
$2,018,255
134,831
112/57
income
profit
Earns,
(2)
1943
next.
Adolf
i'{
394 2'8
2,922,474""
95_,782
J13.4'7
"$2,021,24)
950,635
second,
likewise improper to
a
23,
*945,
194j
$1,0
567,139
$l/b7,T41
606,333
are
1944
$",483,613
646/15
exps
profit
859,991.
recognized
1945
income
*$1,643,027
reflecting
21.
ad¬
_
authorized the listing
official notice of
1944
&
$2,165,136
609.
Mcrc'i
on
Feb.
as
Friedeberg is Secretary 0: the
$2,553,453
—
shipping
$1,855,328
income—
expire
set
..
the
Other
upon
1945
oper.
now
been
(L. A.) Young Spring & Wire Corp. (&
Subs.)—Earns.
$2,189,232
railway
will
had
and
First
the acquisition of the assets,
property, business
Atlantic Elevator Co., making* the total number
stock
applied for to date 3,132,816.—V. 161,
railway
offer
Fred
or
Notes—(1)
from
and
;rori-fpn, deposi¬
tary, Los Angeles 54, Calif.
The railroad has institut d abandonment
proceedings before the Interstate Commerce and California Railroad
Commissions,—V. 161, p. 709.
common
January—
The
originally
6 Mos. End. Jan. 31—
Exchange has
(par
date
President
the purchase offer.
certificates of deposit should be tendered,
together with
letter of transmittal (plus 55 cents transfer tax
on
each bond)'to
the Bank of America National Trust and
Savings A
the
Street
Brust,
now
stock
is
making
Bonds
purchase of
assets
bond.
expiration
pany
provi¬
or
$1,000
per
The
Friedebery
•'
of
on
already
built ments in the general price level
during the last year and to disregard short-term fluc¬
clearly indicates, Mr.
Ferguson tuations in market prices.
Fur¬
said, an increasing tendency on thermore, FHA recognizes that
valuations
of
the part of the public to recognize suitable
existing
that an FHA
appraisal affords home properties for the purpose
them the best available measure of long-term financing will gen¬
of protection in today's unsettled erally be equal to market prices
when there is a fairly well bal¬
real estate market.
He added:
"Because of the long-term char- anced relationshio between supply
and demand in the local
aeter of its operations, FHA has
housing
dwellings
to
and
Wrigley Jr. Co.—May Soon Resume Manufac¬
from
161,
Jan.
$214,487,850 and of 10.2% over
the 46,434 mortgages committed
for insurance in 1943."
The
near
record- volume
of
commitments
Electric
filing annual returns,
Suburban
used
..
ry.
922.
the**
each
<\i
has
Yosemite Valley. RIl.—Purchase Offer
Extended--*
Wheeling & Lake Erie Ry.—Earnings—
161,
of
be
from
.—V.
stocks, after allowing
Westinghouse has acquired
Atlantic
common
shares
ry.
Utilities
Public
of
Suburban
January—
$6.67
and preferred
common
Chairman
Elevator
of
New
Net from
Worcester
company recently
Net
8,579,007
$8'.ll
T
the combined
connection
Net
with
to
Gross
12,502,665
13,196,531
surplus
share
contracts
Gross
Co.—Consolidation Ap¬
«
Department
709.
p.
Listing of Additional Common Stock—
and
Electric
of its standard brands of
chewing gum before the end of the
through new supply sources it is developing in Central America
or
through reopening of supply sources in Singapore aprl the
Malay
Peninsula, Sumatra and Borneo.
At present the company is
making a
special war-time gum to help take care of civilian needs.—V..
161.
21,401:568
army
ordnance, chemical warfare
engaged almost 100% in war work,
Robertson
said.
"Westinghouse will complete these contracts
continue war production in the plant as
long as necessary.
in
prepaid
war
21,444,765
319,896
12,502,669
Company, assuming control
Philadelphia, Pa., Feb.
of
interest
securities
facture
10.436,675
Westinghouse operation.
Atlantic company holds
The
of
$1,267,187;
ture of Standard Brands—
67,181,754
The
navy
and
sale
on
13.
;
06,934,986 06,761,372
Avenue,
new
160
'
99,063,191
26,010.097
Robertson,
President
(due
securities,
payable,
Suburban
Worcester
Cr7,335,251 '06,718,175
contingencies
per
on
Atlantic
Erie
dividends
$125,COO;
receivable
709,342,717
participating provisions of the shares.
figures give effect to renegotiation payments
Atlantic
common
(Win.)
December.—•
Note—Above
W.
cost),
(at
approved by the Department.—V. 157, p. 1192.
of
sions.
A.
64,960
$208,578; U. S.
of
Balance
"Earnings
the
$43,493
69,106
$25,817: accrued taxes, $28,450; pro¬
of preferred cap tal stock, $352;
dividends pay¬
stock
($1
par),
$430,328; surplus, $1,133,563;
retirement
Co.
Net
postwar adjustments
profits tax
excess
dividends
home
as
purchasing
credit
10,253.820
dividends
"Based
6,961
Cr4,179
$50,807
accounts
Massachusetts
shares,
$
long-term aspect of mortgage loan
"The
net
109,225,164
income
Preferred
1,885
Cr22,450
.
$15,400; marketable
total, $1,619,008
$638;
2,813
9,500
of securities
sales
on
:
securities
21,486
1,039
Yazoo & Mississippi Valley
&
postwar
on
$2,205;
purposes
The
in
73,352,512
before
refund
buyers in acquiring soundly
financed properties are reflected in FHA's 1944 operations covering
insurance of mortgages on existing houses, Abner H. Ferguson, FHA
Commissioner, said on Feb. 10.
The advices state:
average
an¬
1943
transactions;
to
for
income
resulted
1944
real
and
for
income in
;
income
j-943
$72,472
">■
18,700
-
brokers),
for
Power
years.
recently
taxes
created
31—
tax
Housing Agency, 1944 Operations
market
prior
for Federal taxes/on
liability for excess profits
no
adjustments
profits tax
Postwar
31-
23,360
expense
consolidation of Milford Electric Light <V. Power Co.
the, settle¬
liab'e
Continuing efforts of the Federal Housing Administration, of the
National Housing Agency, to "hold the line" against inflation in the
estate
to
835,737,004
taxes
31, 1943.
Tha
share, or 20.6%,
Balance Sheet. Dec. 31, 1944
hand and demand deposits in banks,
$1,619.008.—V,
The
liability
Union's
1944,
Resulting
the company's
709.
before Fed.
Income
the
Dec.
.
paid
$497:
$7,235,008
companies for
billed
Net
at
cents per
62
proved—
$8,316,228
companies, settlement of such
for
p.
658,837
booked
Net
$3.01
is
Years Ended Dec.
for year„l»_
Worcester
'
adjustments
indicated.
Months
Inc.
with
1944
Income,
,620,000
$
—V.
National
3,831,000
$729,024,122 958,967,057
Orders unfilled, less held. and terminated orders 534,652,727 821,314,541
of
Mutual
mortgage
income
This
Sales
162,610
loans—
total,
Westinghouse Electric & Manufacturing Co.—Earnings
preferred
Western has outstanding $1,189,000 first mortgage and collateral
(3-3 lA%), series B, due May 1, 1965. all held by John Hancock
Life Insurance Co,
Kansas has outstanding $5,000,000 first
(8)
bonds
161,
Orders
of
taxes
dividends
vision
*
shares
agreement
stock
stockholders
common
is
887,000
>
decision
income
own
Crl,112,000
817,532
Williams
N.
court
providing
of
issued
proposed to be used
Western, Inc.
No
shares
the
of
certain
of
,847,599
Buys Atlantic Elevator Company—
group
bank
Liabilities—Accounts
160,861,013
adjustm'ts
nounced
12
403,234
share of stock outstanding at the end of tha
compared
applied to profit
expenses,
19,626,554
extra-
extraordinary
in
-1943
to dissent and
agreement
dissent in writing at the meeting held to consider the agree¬
ment of
merger,
but subsequently decide to purchase 5%
preferred
shares
of
Western,
Inc.,
the
right is reserved
to
issue
and
sell
additional preferred shares for such purpose.
The proceeds of such
sales
income
Net
$
185,903,643
credit—
incl.
taxes
V.
$1,711,377
111,047
Wisconsin State income taxes
through
3,173,410
1944
$1,579,483
,
administrative
able.
digs..
extraord.
"Net
the
company
stock
and
on
Assets—Cash
16,892,808
of
Eng.
]J
:
registered in
case
2,450,773
Bank
in London,
$80,956
Federal
to'
16,180,172
income—
on
ordinary
its
Canadian
or
income
Interest
Fed.
income
taxes
ment
income
$3.63
thus
receivable,
1944—12 Mos
$
1966, at
283,871
value per
was
General
Co.—Earnings—
1944—Month—1943
revs
before
011
stock¬
responsible
underwriters of those shares of preferred stock of Western, Inc., which
are
not accepted in exchange
by the preferred stockholders of the
constituent companies.
The proceeds from the sale of such preferred
stock not
On this, lie said,
1,
I944;
Total
"In ab¬
"may have a meritorious
the court intimated no opinion.
$
"Net
Nov.
1945
i
;
Statement
legislative act."
a
Western Union Telegraph
to receive the appraised value of their shares in cash.
It
right
Douglas said that Mr. Gurney
for relief.",
for
desire
net
asset
1944
Cash
Justice
Common
effect.
do
for
railway—
appreciation
appealed to the Supreme
the 6th Federal Circuit Court that James G.
has chosen to withhold from stockholders the
these bankruptcy proceedings,'' Justice Douglas said.
is
constituent
companies,
and upon approval
by the
requisite number of shares as required toy the laws of
and
Kansas, respectively, the agreement of
Stockholders
(5)
constituent
Western.
Delaware
of
will
merger
of
outstanding common stock of Kansas,
Western, Inc.. will be issued in exchange
of
The net
year
opinion.
adjudicate them is
Net
the
at
Canada,
from
Amount
Fed.
made
Ont.,
'
from
incorporation intracorporate disputes of the character
represented here are governed by State law.
The creation of a new
basis of Federal jurisdiction to hear them, pass on their merits and
Excess
merger.
stock
Kansas,
proposed to submit
of
holders
unanimous
of Federal
sence
the issued and
common
court's
to the
It
constituent
of
common
for the common stock of
the
betwen
outstanding 1,188,320 shares of common
It is proposed that the holders of such common stock
share of the common stock of Western, Inc. ($10 par),
par).
will receive
110
the
of
preferred
the
the company
preferred
the time the
at
accrued
($1
a
of
be
;
next, $20,000 of
bonds due
Wisconsin Investment Co.—Annual Report—r
stock¬
a
"Congress
Western has issued and
(3)
stock
for
of
for each share.
the difference
equal
that
will
Windsor,
or
1,
May
on
mortgage
474.
p.
railway
Net railway operating
—V. 161, p. 922
preferred
stock of Western, Inc., plus-a
The proposed cash payment in each
the redemption price on the
presently outstanding preferred stocks and the estimated fair market
value of the 5%
preferred stock to be issued in exchange, and will
payment in cash
ruled
Payment
Toronto
redemption
Wisconsin Central Ry.—Earnings—
stockholder, had the right to file such a petition.
Justice
said that any such enlargement of the jurisdiction of the
bankruptcy courts, such as he held would be involved in Mr. Gurney's
action, is a matter for Congress.
$1,112,000
each
decision
recent
in
for
40-year
a
after, plus accrued dividends in each
case.
a
made on Feb. 15, this
year,
15, Nov. 15 and Dec. 15. 1944.
was
Aug.
January—
Douglas
taxes
for
85,295
Springfield, O.—Holder De¬
Douglas delivered
from
$27.25 per share for the following three years, and $27 per share there¬
entitled
O.
for bondholders
Gurney,
,
and
issued
in
trustee
Net
It is proposed that Western, Inc., will be authorized to issue 5%
ferred stock ($25 par), having a redemption price of S27.75 per
the
Court
$1,189,000
par)
outstanding 74,765 shares of 7% pre¬
ferred stock ($25 par), having a redemption price of $27.50 per share.
Kansas has outstanding 15,532 shares of $6 preferred stock (no par),
having a redemption price of $106 per share, and 3,764 shares of $7
preferred stock (no par), having a redemption price of $107 per share.
for
Supreme
15, June 15,
5%
interest.
99,
Gross
William
The
Inc.),
has
Western
85,243
and
269.043
608.
S.
a dividend of 10 cents per share on
payable March 15 to holders of rec¬
value,
distribution
been, called
refunding
Commerce,
—V.
$515,833
projects
have
Government
that
proposed
corporation,
surviving
Co.,
($25
par)
note,
Proposed
It
U.
Justice
1,800,000
and collateral bonds, 3%Or, series B
stock
Common
(1)
defense
Period End. Dec. 31—
cumulative
100
32,926
holder, acting without authority of a company, does not have the right
under the Federal Bankruptcy Act, to file a
petition for reorganization.
by
1
First mortgage
There
first and
$784,876
269,675
Western Tool & Mfg. Co.,
Western—
7%
161. P.
institute
'
.
v
Common
$751,950
$347,754
of
declared
par
Windsor Gas Co., Ltd.—Partial Redemption—
nied Right to File for Reorganization—
Proposed
on
securities:
mortgagV^nds,
cumulative
$6
Drl3,062
$617,429
amort,
no
similar
A
^
Cr49,860
_
acct.
stock,
9.
$715,152
.D/Y4.599
Drl4,599
_
directors recently
and on Feb. 15, May
—V,. 160, p. 2).91.
Net
recently
was
Co.—Hearing
conditions.
and
Kansas—
First
income
acquired all of the common stock of Kansas subject to certain
and
$537,662
Cr62,761
:
.
31,605'
Net
cumulative
common
stock is
Kansas Power Co., newly-acquired sub¬
by the SEC Merch 7.
The transactions
considered
terms
570,000
rents .(net)
charges
par
proposed are summarised as follows:
(1) Pursuant to an order of this Commission,
specified
$1,285,152
income
Gross
Court
will
"Western
facility
Fixed
Merger—
plan
March
present
Western Light & Telephone
The
ord
Other income
declared on the
new preference
stock of $40 par value, payable March 1 to holders of
record Feb. 17.
For further details, see V. 160, p. 1903.
sidiary,
1,861,436
$585,824
Joint
outstanding common share.
Shares
of the company will,
in the future, be transferable at the National
Trust' Co., Ltd. at Toronto, Montreal and Winnipeg, Canada.
A
common
1,965,625
.
The
$10
new
one
;i
Operating income,
Equipment rents
arrangement
of
expenses
the
605,000
operating
1944
$3,146,588
Taxes
changed to Purity Flour
value cumulative red.
par
common stock are
been
$40
new
shares
two
stock;
for
1945
$1,142,662
"Total
Ltd.—Reorganized—
exchangeable for each outstanding share of $100 par
red.
wT/v/
$3,108,287
stockholders on Nov. 27, 1944,
common
company
shares
two
stock
that
13
approved by the preference and
Mills
Will & Baumer Candle Co., Inc.—10-Cent Dividend—
Ry.—Earnings-
Month of January—
share
per
payable March 31 to holders of record
March 15.
This is the 61st consecutive quarterly dividend distribution
and was declared entirely from ordinary net income for the current
three months and accumulated undistributed ordinary net income for
prior periods.
Payments in 1944 were as follows:
March 31, 18 cents; June 30 and
Sept. 30, 20 cents each, and Dec. 28, 57 cents.—V. 161, p. 709.
$1,
par
1031'
more
in Buffalo,
N. Y.; Columbia, S.
C.; Little
Rock,
Ark.;
Birmingham, Ala.,
and Albany, N. Y.
Nine other of¬
fices —Memphis, Tenn.; New Or¬
leans,
La.;
Manchester, N. H.;
Sioux
Falls, S. D.; Fort Worth,
C^lo.; Burlington,
Vt.; Houston, Texas, and Hartford,
Texas: Denver,
Conn.—had
increases
from
50
to
100%.
Six
insuring offices, in San
Francisco, Newark, N. J., Phila¬
delphia, Chicago, Los Angeles and
Detroit, issued commitments to
insure
in
more
than
mortgage
on
$10,000,000 each
existing
con¬
struction
while six other offices,
Seattle, Wash.; Indianapolis,
Jnd.; Cleveland. Ohio; Pittsburgh,
Pa.; St. Louis, Mo., and Omaha,
at
Nebr., reported similar operations
amounting to
and
between
$10,000,000 each.
$5,000,000
Monday, March 5, 1945
THE COMMERCIAL & FINANCIAL CHRONICLE
1032
-Net Earnings
Nonfarm Real Estate Foreclosure
District and Region
properties during 1944 continued the
downward trend which has been evident each year since 1934, it is
Foreclosures of nonfarm
Home Loan Bank Administration, which
"the estimated 17,500 foreclosures occuring during the
1943
1944
Milage
r-
Gl Loan Procedure
Incr. (+) or Dec. (-
;
$
"$
1943
1944
Eastern District—
6.593
25,559
23,912
6,594
25,626
23,998
7,599,853
8,951,630
1,351,777 —15.10
35,564.591
39,644,025
4,079,434 —10.29
43,779,603
52,017,621
8,238,018 —15.80
56,064
56,128
86,944,047
100,613,276
37,351
37,406
37,943,753
43,333,514
6,001
New
6,014
14,669,160
17,328,489
43,352
43,420
52,612,913
60,662,003
England region—.
Great Lakes region
Central East, region—
Instructions Issued
reported by the Federal
that
states
To
,
just ended is the lowest annual volume on record.
comparison, the 1944 foreclosure volume represented a
92% from 1934, a drop of 83% from 1939 and 32% from
amination of the accompanying chart reveals, however,
year
By way of
decline of
was
,
when more than 230,000 fore¬
closures occurred, was 12.2% per 1,000 nonfarm structures.
By 1944
this rate had been reduced,to 0.8%.
The State of New York, as in
past
in
1934,
reported the highest foreclosure rate during 1944, 2.2
1,000 structures, followed by Connecticut and Ne¬
years,
foreclosures per
braska with rates of 2.1.
centage reduction from 1943 to 1944 in the number of distress actions
varied inversely with community size, while the foreclosure rate
varied directly with
As shown in the table below,
5,000 nonfarm structures
community size.
counties
in
foreclosure
having less than
0.3.
declined 56%, reducing the foreclosure rate for this group to
At
extreme, foreclosures in counties having 60,000 or more
showed the smallest reduction in foreclosures,
the other
nonfarm structures
25%, and the highest foreclosure rate, 1.4 per 1,000 structures.
>
BY SIZE OF COUNTY
NONFARM FORECLOSURES
"
"
Foreclosure Rate
-Per 1,000 Struc-
-Estimated Foreclosures—
Size Group—
2—
3—20,000—59.999
„
estimated
tures 1944
0.8
—55.5
0.3
3,951
—42.7
0.4
5,022
—28.9
0.9
14,208
—25,4
1.4
that
15%
about
of
foreclosures
nonfarm
are
on
"An estimated 4,275
compared with 4,082 during the July-September period.
In view of the small number of cases involved, however, this rise
of less than 5% is not alarming.
Perhaps a better measure of the
situation is the foreclosure rate which expressed on an annual basis
was 0.8 per 1,000 nonfarm structures for the fourth quarter as com¬
as
pared with rates of 0.7 in the third quarter of 1944 and 1.0 in the
last quarter of 1943.
Foreclosure rates during the.final quarter of
1944 varied from 0.1 in Portland Region to 1.7 in the New York
Earnings of United Stales
Railroads for the Month of September
Gross
earnings of United
September did not come up
attained in August, 1944,.-and
those reached in August, 1944,
the record high of $332,944,921
railroads for the month of
to the peak figure of $836,183,413
net earnings were also lower than
as well as being considerably below
attained in August, 1943.
States
Gross earnings
in September, 1944, were $799,228,982, as com¬
pared with $776,487,330 in September, 1943, an increase of $22,741,652,
or 2.93%.
The ratio of operating expenses to earnings increased to
65.22% in September, 1944, from 61.56% in September, 1943, so that
net earnings were down to $277,964,935 in September, 1944, so that
$298,501,103 in September, 1943, a decrease of $20,536,168, or 6.88%.
We now give in tabular form the results for the month of September,
1944,
as
compared with the corresponding month
'
'
of
131
1944
roads
earnings
Operating expenses
of
Net
expenses
earnings
to
1943
228,551
Gross
Ratio
ago.
Incr. (+) or Deer.
.
September—
Milage
year
a
$799,228,982
521,264,047
$776,487,330
477,986,227
(65.22% >
$277,964,935
When the roads
—
4.14
+
$22,741,652
+
2.93
+
43,277,820
+
9.05
(61.56% )
earnings
...
499
—•
(—)
%
Amount
229,050
$298,501,103
$20,536,168
—
—
6.86
arranged in groups or geographical divisions
according to their location it is seen that the Great Lakes region in
are
the Eastern
District, the Pocahontas region in the Southern District
and the Northwestern region in the Western District showed losses
In gross earnings, while the remaining regions all showed gains.
In
the case of the net earnings, every region with the exception of the
Central western and South western regions in the Western District
reported losses.
As previously explained, we group the roads to
conform
to
mission.
The
the
classification
boundaries
of
of
the
the
Interstate
different
Commerce
regions
and
groups
indicated in the footnote to the table.
,
Com¬
are
7,236,244
+
809,685
138,407,975
137,225,824
+
277,964,935
298,501,103
129,412
229,050
11199923280657604785432
following
the
and
Commission,
indicates
SUMMARY
BY
GROUPS—MONTH
OF
1944
Eastern District—
$
$
$
26,854,167
26,659,666
Great Lakes region (23 roads*——123,038,258
124,545,818
—
central Eastern region (18 roads
153,517,508
+
______
154,269,735
194,501
+
%
%
1,507,560
752,227
+
0.73
—
0.40
+
0.49
304,722,992
^
—
560,832
—
0.18
Southern District-
Lakes
Great
the
Region—Comprises
a
moutti
of
Pittsburgh
section
the
of
different
105,332,671
36,416,266
36,593,922
'
3 036 643
—
'l77[656
+
+
2 89
—
0^48
'
144,785,580
141,926,593
+
2,858,987
+
2.02
the
to
to
New
York.
south of the Great Lakes Region
through Peoria to St. Louis and the Mississippi River to the
and north of the Ohio River to Parkersburg, W. Va.,
the Ohio River,
southwestern
corner
of Maryland
and
a
and by the Potomac River to its
Northwestern region (15 roads)
Central Western region (15 roads)—
Southwestern region (20 roads)'
of
DISTRICT
SOUTHERN
Southern
the
Ohio
Region—Comprises the section east of the Mississippi River and south
to a point near Kenova, W. Va., and a line thence following the
River
boundary of Kentucky and the southern boundary of Virginia to the Atlantic.
eastern
Pocahontas
north of the southern boundary of
Virginia, east of Kentucky and the Ohio River north to Parkersburg, W. Va., and
south of a line from Parkersburg to the southwestern corner of Maryland and thence
by the Potomac River to its mouth.
the
Region—Comprises
section
DISTRICT
WESTERN
Northwestern
adjoining Canada lying west of the
line from Chicago to Omaha and thence to Portland,
the Pacific.
Central
west of
north of
from
St.
the
Western
line
a
a
to
and
Chicago to Peoria and thence
Kansas City
to St.
Louis,
and thence to El Paso and by
and
the
north
Mexican
Region
of
line
a
boundary
Pacific.
Southwestern
south
Region—Comprises the section south of the Northwestern
from
Louis
the section,
Region—Comprises
by the Columbia River to
of
St.
Region—Comprises
Louis
and
line
a
from
the
St.
section
lying
between
the Mississippi River
Louis to Kansas City and thence to EI Paso,
by the Rio Grande to the Gulf of Mexico.
89,633,370
936 810
—
170,529,627
+
73,390,555
69,674,748
+
Total (50 roads)
350,281,242
329,837,745
+
Total all districts (131 roads)-
799,228,982
17 664 500
In the
following
we
furnish the August summaries back to 1909,
Month
-Gross
of
Year
Sept.
Given
Earnings-
Year
Mileage—*
Year
Dec. (—)
Given
Preceding
+
211,281,315
+
25,593,110
249,014,235
+
Year
39,801
I.
procedure
secondary
loans for repairs, back taxes, mod¬
ernization, and
also
are
same
manner
loans.
In
several
the
delinquent debts
processed
these
types,
The file is
the work
ville
Centre
Rockville
Trust
Centre;
217,277
233,428
230,918
229,161
226,526
ier, Bank of the Manhattan Com¬
New York City.
In a pre¬
+ 10.24
245,148
243,027
+ 36.16
232,186
232,378
1.90
232,772
232,349
tations
in
of
should
237,591
239,050
242,386
238,698
fatory
6.43
245,132
243,463
+ 13.10
248,156
247,466
points out that in this bulletin and
those to follow "every effort will
be made to avoid legal
interpre¬
235,140
pany,
note,
the
33,901,638
9,252,922
480,408,546
+
113,783,775
+ 23.68
226.955
224,922
617,537,676
—120,753,579
—19.55
235,155
234,559
496,978,503
+
1,723,772
0.35
235,280
235,206
499,720,575
+
44,549,658
8.91
235,611
539,853,860
544,970,083
5,116,223
0.94
235,178
564,443,591
540.062.587
+
24,381,004
4.51
236,752
236,587
588,948,933
564,756,924
+
24,192,000
4.28
236,779
23&9T7
564,043,987
590,102,143
26,058,156
4.42
238.814
237,854
554,440,941
564,421,630
1.77
240,693
565,816,654
556,003,668
1.76
241,704
241,447
466,826,791
566,461,331
99,634,540
—17.59
242,341
243,322
this
466,895,312
117,073,774
—25.08
242.815
242,593
still
be
—22.20
242,292
242,143
actual
8.62
240,992
239,904
+
9,980,689
+
9,812,986
272,049,868
349,662,649
272,059,765
+
77,612,781
295,506,009
23,446,244
291,772,770
+
16,643,258
5.70
—
238,977
be
239,499
240,563
+ 11.41
237,431
238.819
+ 16.34
236,686
236,918
362.454,729
356,449,463
6,005,266
1.68
235,304
235,886
322,107,807
362,454,728
40,346,921
—11.13
234,423
235,308
380,437,001
322,055,751
58,381,250
+ 18.13
233,378
234,236
381,863,424
380,437,002
1,426,422
0.37
232,708
233,373
reliable
been
tested
experience
ies
of
the
file, together with the
first 19-page bulletin, available to
member
banks and others at a
cost of 50 cents to cover
printing
+
106,947,169
208,817,153
+ 42.71
230,532
232.137
78,746,806
+ 11.28
229,218
230.442
and distribution.
779,228,982
776,487,330
+
22,741,652
+
2.93
228,551
229,050
ness
loan
made
+ $12,505,314
+ 15.84
90,191,439
94,307,971
89,398,733
+
1,321,815
+
+
6,035,612
+
6.64
98,000,260
—
—
91,274,033
_
111,728,276
124,447,839
116,086.103
123,785,757
114,280.071
—
93,423,391
1923
12,572,543
+
117,131,459
102,329,084
18,546,361
+
+
5.26
—
748,914
—
4.36
—
5,153,067
+
111.875,296
.
4,116,532
+
93,181,915
-
+
0.82
+
19.90
+ 11.24
7,699.654
—
3,190,550
+
8,905,693
+
9.53
+
11,372,524
+ 10.41
—
29,046,959
—24.12
+ 40.76
37,441,385
+
30,137.287
+ 22.34
159,216,004
+
18,026,891
+ 11.32
176.936,230
+
14.996,918
+
179,434,277
-
-
+
134.911,897
191,933.148
.
193,233,706
178,647,780
1929
—
+
178,800,939
183,486,079
_
_
-
_
92,217,886
-
+
—
147,379,100
—
13,799,429
—
1,711,331
8.48
7.13
+
0.96
+
2,612,246
1932
83.092,939
_
_
.
_
_
92,153,547
94,222,438
92,720,463
+
—
__
_
_
1940
_
—
20,938,789
—22.58
+
16,564,585
+ 22.21
108,622,455
122.391,572
129.871,715
£
—
—
+
—
8,226,506
—
9,859,213
—
39,328,587
7,480,143
—
_
122.441,917
+
54.296.709
+ 44.35
176.739.349
+121,348,284
+ 68.66
298,087,633
.
«
277,964,935
.
*
296,501,103 j,
+
it
378,395
2Q,536,168
j
repre¬
Nations
Chairman Sir Cecil
member
of
the
Commission.
Mr.
Pell's
severance
State
by
that
was
from
announced
Acting
the
yes¬
Secretary
of
Joseph C. Grew, who said
since
Congress had decided
against appropriating for his sal¬
ary
and
necessary
expenses
to
assignment.
was
it
relieve
5.76
176.738,626
_
United
7.57
9.82
+ 43.44
298.087.633
__
as
+ 22.88
19.749,522
90,543,128
American
the
British
9.83
+ 13.39
+
100,396,950
1942
to succeed
Hurst,
terday
9,060,608
Wash¬
Herbert
Commission, will no
serve in that
capacity. Mr.
Pell, it is stated, had been slated
—37.43
11,129,616
at
that
longer
55,161,214
72,390,908
129,871,715
,
each.
War Crimes
Commission
88,910,238
1938
1939
Pell,
of
27
1.46
100,395,949
_
cents
known
Jan.
—19.74
88,955,493
_
made
on
36,255.079
108,659,760
.
1941
—
83,092,822
71,781.674
_
__
1-
was
sentative
180,359,111
-
-
-
It
ington
2.79
91.858,924
1927
15
Crimes Commission
6.22
—16.08
18,828,861
177,242,895
-
at
Reveal Pell Off War
Claiborne
165,049,184
1926__
bulletins,
prepared, will be
1.48
90,842,946
92,847,193
-
available
are
%
96,878,558
-
they
Increase (+) or
90,720,548
1924
Farm and busi¬
procedureal
when
$78,939,440
of
and
in a program of this nature.
The Association is
making cop¬
+
$91,444,754
must
basis
cur
+
Decrease (—)
the
is, there¬
fore, subject to changes which oc¬
488,975,758
Year
from
however
on
697,792,911
Preceding
taken
and checked with
sources
697.792,911
-Ipet Earnings-
of
this
responsible personnel of the Vet¬
erans' Administration.
Much of
776,539,717
232,749
by
advice
The information in
31,408,547
Year Given
the
has
50.080,594
232,110
interpreted
with
bulletin
275.158.450
+ 27.99
lender
belief that matters
235,640
306,552,878
+
the
236,525
356.633,472
+
law
each
counsel.
306,566,997
-
subcommittee
information,
349,821,538
—
J.
242,097
129,367,931
—
Company,
Arthur
7.88
+
-
sub¬
a
4.50
+
-
of
3.56
+
_
when
less than
committee
544,270,233
-
the
however,
omitted
are
357,772,850
.
in
construction
involved is
498,702,275
_
much
as
steps
amount
330,978,448
—
a
primary mortgage is
greatly different from that for
making primary single sum loans,
the
Committee
points out, and
485,870,475
_
making
concurrent
not
+
_
for
loan
FHA
an
496,784,097
1925
1943
"The
with
National Bank, New Rochelle, and
W. C. Crittenden, Assistant Cash¬
220,205
0.02
—
120,428,552
1944
by the Association also state:
G.
594,192,321
.
Adminis¬
the
with
+
12,857,844
109,232,938
2.93
files
17,783,141
*
veter¬
trator the completed "loan closing
statement."
The
advices
issued
38,555.541
~
the
to
as
+
9,805,231
+
1922
+
himself
eligibility and identity and
progressing through the interme¬
diate steps to the point where the
+
-
bulletin,
the
an's
+
1917
776,487,330 .+■■■22,741,652
satisfies
294.333.449
1915
6.26
detail ■> in
487,140,781
1916.
+
in
an
starting with the initial interview
in which the prospective lender
495,123,397
1913
20,443,497
'
ered
making
276.458,199
....
will
steps
Geoghegan, Vice-President, First
4.18
+
+
19,891,032
+
—
382.028.588
15
.in¬
uninsured
estate mortgage loan are cov¬
in
252,318,597
1914
5.33
The
285,850,745
488,975,757
Bank Man¬
on
be released to member banks and
275,244,811
275,129,512
farm
which
Research, and
294,241,340
1912
+
and
332,888,990
1910...
1 05
agement
272,992,901
1911
1935_
ciation's Committee
285,050,042
Of
1933_
business
272,209,629
364,880,086
on
loans
bulletins
and
being prepared by the Asso¬
are
Preced'g
+ 12.11
$10,148,617
236,874,425
249,054,036
Sept.
1909
■
Inc. (+) or
Month
3,715,807
•
subsequent
comprising William H.
Kniffin, President, Bank of Rock-
$252,711,5)5 $242,562,898
—
1941_1
+10 36
+
regula¬
$500."
for both the gross and net earnings.
1937_
88,696,560
188,194,127
Administration's
lender
mouth.
1936
Western District—
making home loans under Vet¬
real
boundary between
the Canadian
on
Region—Comprises the section
Eastern
line from Chicago
thence
line
via
Chicago
Central
1934
6.88
-
108,369,314
Pocahontas region (4 roads)„_
Total (30 roads)..—
0.86
England and the westerly shore of Lake Michigan to Chicago, and north of a line
east of
1931
Southern region (26 roads)
in
erans'
volved
1930
304,162,160
+
—
England Region—Comprises the New England States.
New
New
1928:.
TofeU (51 roads)
1,182,151
20,536,168
—
confines
the
1921—
Kew England region (10 roads)
2.76
DISTRICT
EASTERN
1920-
SEPTEMBER
Gross Earnings
1943
Inc. (+) or Dec. <—1
file" of operational
in processing ; G. I. loans.
file, which sets forth 15 steps
"expanding
The
subscribers.
1919.
District and Region
+10.65
+
and regions:
groups
1918
~-
.
+
29,321,662
..228.551
1910-
Gross and Net
67,935,789
grouping of the roads conforms to the classification of the Interstate
Note—Our
1909
District."
loan
provisions of the
Act of
1944, the New York State Bank¬
ers
Association has prepared an
loans
to
foreclosures occurred during the last quarter
39,968,373
75,172,033
30,131,347
129,135
and
commercial
the
Servicemen's Readjustment
tions, is designed to accommodate
Great Lakes Region,
tSize groups by number of nonfarm structures, 1940 census.
properties.
of 1944
Chg.
—31.7%
2,518
2,262
3,570
10,594
4—60,000 and over
i$
Pet.
25,699
1,121
5,000
5,000—19.999
»it
1943
1944
17,547
"Total
tl—Under
33.104,595
55,093
28,759
28,612
from
Analysis of foreclosure activity by county-size groups (classified
according to number of nonfarm structures) reveals that the per¬
45,560
54,925
._
Commerce
rate
6,863.778 —17.17
45,598
All Federal Home Loan Bank Districts
ranged from as much as a 54% reduc¬
tion in the Portland District to a 22% drop in the Boston District.
With the exception of Connecticut, Maryland, Nebraska and North
Dakota, all States reported fewer foreclosures than in 1943.
Pre¬
liminary investigations indicate that the increases in {the four States
named were due largely to increased foreclosures in war-housing
showed improvements which
foreclosure
8,049,090 —13.27
—
to
steps
eral throughout the country.
"The
2,659,329 —15.34
—
Western District-
rather gen¬
developments.
5,389,761 —12.44
banks give
prompt
returning servicemen
help
service
under
-
spring of 1944 there has been little or no downward movement
of the foreclosure index curve."
The advices Jan. 27 continue:
activity during 1944
13,669,229 —13.59
Southern District-
1943. Ex¬
that since
the
"The decline in foreclosure
—
The
had
him
sum
been
of
the
involved
$30,000, including $4,500 for
+
0.13
H W: Mr. Pell's, salary for six months.
.Volume 161
THE COMMERCIAL & FINANCIAL CHRONICLE
Number 4365
Selected Income and Balance Sheet Hems
Class I
and
statement
a
balance
United
Railways for November
showing the aggregate totals of selected income
Class I steam railways in the United
States for the month of November, 1944 and 1943, and for the eleven
months ending with November, 1944 and 1943.
; These figures are subject to revision and
were
compiled from
131 reports representing
135 steam railways.
The present statement
excludes returns for Class A switching and terminal companies.
The
report is
!
;
r
follows;
as
Net
114,384,720
113,645,682
2,893,146
34,985,905
111,859,436
110,752,536
1,172,302,738
and
fixed
Contingent
157,480,657
1st
monthly
average
2nd
quarter monthly
average
125,490
quarter monthly
1th
quarter monthly
average
2,407,199
624,833,838
On
1943—12
January
172,149,247
128,685,840
March
106,804,141
1,242,185,054
1,281,724,958
64,208,633
56,865,623
173,805,532
155,434,730
10,277,006
6,212,029
49,671,657
31,400,582
2.45
2.33
2.27
2.58
14,340.508
104,381,126
-
fixed
to
•"Class I Railways Not
All Class I
Railways
those
1944
Items—
in
—
_____
April
affiliated
—
Receivership
or
in
Trusteeship
1944
1943
i—
bills
and
Traffic
and
maximum
273,200,000
tered
26
286,400,000
272,900,000
Interest
25
312
Average 292,200,00.0
7,520,000.000
27
_
—
in the
United Nations forces
south
178,852,130
167,522,342
140,700,407
speedy attainment of our com¬
mon goal—a peaceful world based
447,188
227,656
446,266
225,003
38,164,312
28,996,103
29,122,056
630,684,327
494,756,541
502,319,977
reads
re¬
assets
debt
within
1,824,274
1,870,545
1,193,458
66,021,366
58,821,330
62,172,358
46,907,256
4,936,094,601
252,204,278
78,049,629
244,211,632
59,146,363
11,588,386
14,461,511
7,750,000
1,000,000
220,572,324
154,450,896
176,453,730
122,295,893
531,414,498
(Cr)
457,710,414
446,691,156
386,780,865
and
accounts
payable
Miscellaneous
accounts
129,514,461
payable
Interest
matured
Dividends
unpaid—
matured
unpaid
Unmatured interest accrued
Unmatured
dividends
116,538,615
102,615,210
91,718,666
50,108,547
7,595,797
76,630,988
48,258,296
37,299,931
35,045,946
7,644,009
7,315,781
7,363,993
74,404,127
72,781,841
70,315,270
77,808,792
65,688,257
77,808,792
65,688,257
32,704,178
31,348,802
29,291,612
28,001,865
Accrued
tax
1,948,018,096
1,774,376,414
1,662,912,091
1,537,247,561
liabilities—
107,290,540
82,934,082
70,443,216
60,474,514
liabilities.
3,193,246,607
2,827,815,423
2,691,363,360
2,405,932,830
liability
current
Total
current
Analysis
tax;
accrued
of
V
liability:
Government
Other
than
ernment
U.
taxes.
S.
1,815,653,697
1,637,096,749
1,553,213,882
109,698,209
the
amount
in
1943, $671,907,783.
tlncludes payments of principal of
(other than long-term debt in default; which will become due within
months after close of month of report.
fiFor railways in receivership and trustee¬
one*
1,
year after date of issue.
••Figures include returns of the Minneapolis and
which emerged from receivership on Dec. 1, 1943, Chicago & North Western,
1944;
Sept.
on
trusteeship
1
•
on
Missouri-Illinois, June 1, 1944, Minneapolis, St. Paul
1, 1944 and the Akron, Canton & Youngstown which
Feb. 1, 1944.
&
Sault
emerged
Ste.
from
•?**
Av';-*
'
V.VV---
=..
reviewing present developments in Europe as
climaxing the war and assuring "the speedy attainment" of peace,
President Roosevelt and Henry L. Stimson, Secretary of War, on
Feb. 23 led other Allied leaders in extending greetings and con¬
gratulations to Marshal Stalin on the 27th anniversary of the found¬
ing of the Red Army.
Advices to the New York "Herald-Tribune"
from its Washington bureau re-<^messages
porting
this,
gave
President
Roosevelt's message as follows:
guaranty that
can
well
as
"as a real
three great na¬
meeting
our
the
peace
as
war."
This
is
in
work
in
the
gave
which
events
liberated
have
your
65%
not
his
citadel
is
he
where
resisting
savagely in a last desperate effort
to delay inevitable defeat.
brilliant
"The
from
Moscow
on
as
Feb.
then,
gathering
momentum
inflicted defeat arter crushing de¬
feat
excited
have
the
admiration
tell you how deeply
to
to
am
you
for
all
the
grateful I
kindness
have shown me while I was
guest in the Crimea.
you
"I
departing much encour¬
am
between you,
ence
the Prime Min¬
ister and myself.
"The peoples of the world, I am
will
have
of this conference
American.
History will
high place for the superb
planning and execution of these
offensives.
vast
In
sending you
my greetings and congratulations,
I hope
you
will express to all
ranks of the Red Army my ad¬
miration for their courage and
anty that
see
our
achievements
the
sure,
a
margin required for short sales of
securities
(other than exempted
securities) shall be 50% of the
current market value of each such
security, and in the
case of a spe¬
cial omnibus account with another
member,
broker
as
a
The Board also made available
follows
as
the
amendments
to
Regulation U:
Supplement to
Regulation U
The
U
is
the first paragraph to
by
changing
The report on
the "Big Three"
Conference
appeared in
Crimea
our
issue of Feb.
the
"50%," and
maximum
loan
value figure "75%" in the second
paragraph
"65%,"
to
that
so
thus amended the supplement
as follows;
as
will
read
"Supplement to Regulation
15, page 747.
U
(Effective Feb. 5, 1945)
work in the peace as well as
the war."
in
supplement to Regulation
hereby amended effective
Feb. 5, 1945, by changing the max¬
imum loan value figure "60%" in
can
"For
of
the
not
of
purpose
Regulation
U,
Section
the
loan value of any
or
Margin
extend
my
requirements for purchasing registered
securities have
System
from 40 to 50%, effective Feb. 5.
It was noted by the Associated
Press (Feb. 3) that it is the first change in margin requirements
since Nov. 1, 1937, when they were reduced to 40% from 55%.
The
action, it is added, brings the requirements for buying stocks to the
been raised by the Board of Governors of the Federal Reserve
level
as
that
for
makings-
heartiest
congratula¬
From
the
Associated
Press
we
also quote:
Federal Reserve authorities
instructed
selves
undue
are
by law to keep them¬
informed
use
"whether
to
as
is being made of bank
credit for the speculative carrying
of or trading in
securities, real
estate
commodities"
or
prevent undue
use
of credit in
Mos¬
The
establishment
foundation
for
a
lasting
continued
achievements
of
a
firm
peace.
outstanding
of the Red Army,
together with the all-out effort of
Reserve
also
These
special
listed securities (under
to
loans
Regulation
by
banks
T)/
on
Regulation U).
regulations also provide
margin requirements on
"omnibus" accounts and
to brokers and
on
dealers; these
margin
short sales and
raised
1
maximum
stock, whethet
on a national
registered
of
its
exchange, shall be 50%
current
determined
inconsistency be¬
market
by
any
value,
as
reasonable
method.
"Loans to Brokers and Dealers
—Notwithstanding the foregoing,
a
stock, if registered
securities
special
65%
as
maximum
national
loan
by
broker
of
case
dealer from
or
(1)
any
a
of
value
of its current market
determined
bank
on a
exchange, shall have
method, in the
.
value,
reasonable
a'
loan to
a
the
whom
accepts in good faith a
requirements
for
signed statement to the effect that
"on
the
he is subject to the
for
sales
long side," in the light of changed
provisions of
Regulation T (or that he does not
conditions in the stock market.
It
"In anticipation of our common
the
Federal
and
tween
tent
This latest action applies to ex¬
on
to eliminate the
are
those fields.
were
According to Reserve Board at¬
taches, the purpose of the action is
actions
and
authorized to take certain
to
requirements
from 25% to 35%.
gin
stocks (under
cur¬
real guar¬
Securities Raised by Federal Reserve Board
and
victory against t^e Nazi onr
I wish to take this opportunity to
such
of such
niarket yalue."
rent
three great nations
Margin Requirements for Purchasing Registered
Soviet
Republics,
dealer,
or
amount shall be 35%
hospitable
the
leaving
aged by the results of the confer¬
and
a
Amended
"On
the advance of the German hordes
tensions of credit by brokers and
cow.
Short
for
general account pursuant to Sec¬
tion 3(d) (3) of Regulation T, as
shores of the Soviet Union I wish
your
dealers
1945.
Required
15:
campaigns
by
which the Red Army first blunted
founding of the Red Army.
"The far-reaching decisions we
took at Yalta will hasten victory
23,
a
of its current market value.
"Margin
which
the text of the message
broadcast
nation's soil, but
of the
;
the
vices from London Feb. 16,
Joseph V. Stalin,
"Supreme commander of the
armed
forces
of
the
Union ->of
"February
"His Excellency
Socialist
of
paigns in which its forces are now
engaged. These are the climax of
tions to you as supreme comman¬
der on this, the 27th anniversary
i
the peo¬
of
ple of the world would see the re¬
tions
anniversary of the
short sales.
Congratulations to Stalin by Roosevelt and
Slimson on Anniversary of Founding of Red Army
In
Crimea
conclusion
heroic meaning by the great cam¬
same
*
the
the
at
learned from Associated Press ad¬
debt
ship the ratio was as follows: November, 1944, 1.75; November, 1943, 2.24; eleven months,
1944, 1.81; eleven months, 1943, 2.57.
§ Includes obligations which mature not more
Louis
Stalin
founding of the Red Army is given
eleven months ended November,
long-term
fare¬
a
Premier
to
message
114,521,286
default.- tFor railways not in
receivership or trusteeship the net income was as follows: November, 1944, $56,323,830;
November, 1943, $48,976,127; for the eleven months ended November, 1944, $537,281,246;
including
an
special
omnibus account, subject to Sec¬
tion 4 of Regulation T, shall be
securities
132,364,399
accruals,
regis¬
a
than
1,422,726,275
137,279,665
in
Roosevelt
President
well
Gov¬
taxes
"Represents
common
our
enemy."
of every
de¬
clared
Unmatured rents accrued—
message
have driven the invader back into
car-service
and
balances
Audited
wages
3,701,359,462
3,901,325,142
4,605,433,720
maturing
months
six
Stimson's
"This heroic
only all of
gLoans and bills payable—
Traffic
30,772,808
34,209,586
33,456,060
2,551,144
—
Liability Items—
tFunded
and
follows:
as
against
conference predicted that
Secretary
434,866,762
39,150,900
assets
current
the
509,646,959
526,007,523
receivable
Total
assure
understanding
upon mutual
co-operation.
141,398,177
608,237,127
ceivable
Other current
west,
fortitude
sults
re¬
supplies
dividends
and
the
and
"FRANKLIN D. ROOSEVELT."
.
of
in the adjusted debit balance of
1,315,992,736
120,079,587
value
Sales—The amount to be included
1,050,533,840
170,709,314
loan
security
(other
exempted security) in
278,500,000
v>
1,433,233,210
636,191,316
accounts
and
Selected
313,400,000
7,835,000,000
91,174,000,000
con¬
ceivable
:*• *
282,900,000
288,800,000
26
1,055,718,627
145.963,917
Materials
June
27
7,447.000,000
—
total
market
current
cial
1,670,410,255
receivable
agents
Marie
306,000,000
26
month
its
"Maximum Loan Value for Spe¬
Omnibus >'■ Accounts — The
293,300,000
7,104.000,000
—
maximum
a
of
26
1,296,276,539
%
50%
7,798,000,000
_
—
The
—
registered security
(other than an exempted security)
in a general account, subject to
Section 3 of Regulation T, shall
27
November
12
Accounts
7,355,000,000
_
December
:
(Effective Feb. 5, 1945)
26
7,918,000.000
_
1
so
sup¬
value.
299,700.000
$5631475,082
$535,590,218
$588,890,604
$562,377,212
40,426,778
(Dr.)
Miscellaneous
St.
be
294,400,000
:—
July
the
follows:
as
"Maximum Loan Value for Gen-
1945—
receivable.
ductors
than
312,300,000
27
216,649,093
balance
from
six
-'285,200,000
25
7,948,000,000
—
January
car-service
and
balances
S.
Average 272,900,000
26
_
1,296,882,743
Special deposits
U.
Average 169,100,000
312
September
1943
invest¬
cash
ments
Other
310
.V"
85,135,000,000
1,883,573,029
Temporary
Rents
loan value of
_
June
the
1
Cash
Net
era I
71,900,000
com¬
panies
Loans
48,200,000
25
Balance at end of November
than
etc.,
of
26
1,797,000,000
:
stocks,
other
34,500,000
_
August
Balance at end of November
bonds,
$27,400,000
26
52,406,000,000
_
October
Investments
25
1,253,000,000
_
"65%,"
to
amended
"Supplement to Regulation T
Daily Rate
$684,000,000
__
_
May '
charges
Selected Asset
thus
Checks Were Cleared
_
_
-
—.
_
_
February
;
.
preferred stock
income
paragraph
as
Number of Days
_
_
month total-
289,813,170
26,438,679
defense
stock
total
month
294,428,586
26,925,602
equip.)
appropriations:
of
1941-JANUARY 1945
1944—
17,519,103
common
URatio
quarter
1942—12
26,229,050
844,646,061
30,166,477
60,713,565
870,875,111
and
Federal income taxes
On
RATE
DAILY
AND
that
plement will read
897,000,000
average
47,631,772
63,120,764
1,404,504
517,302,423
655,000,315
3rd
45,652,355
393,935,009
1,361,776
552,777,442
2,700,983
in
New
changing the maximum
figure "75%" in the
25
145,742,519
370,155,400
66,207,081
the
to
value
7,808,000,000
12,846,015
projects
Dividend
MONTHLY
by
second
Expenditures
34,660,267
63,506,098
of
EXPENDITURES
JANUARY
118,538
(way
Amortization
WAR
12,156,651
charges
and
STATES
and
loan
"Monthly expenditures and the average daily rate from January,
1941, through January, 1945, are shown in the following table:
33,377,166
charges
structures
Reconstruction
Monthly
tNet income
Depreciation
war
appropriations, and net outlays of the
Finance Corporation and its subsidiaries.
1941—
charges
fixed
able from
roads
deductions
after
noted
was
of
,.
UNITED
equipment
Total
"Journal
a
for
•Interest deductions
Other
York
expenditures during January amounted to
Commerce,'"
subject to' so-called Regulation T.
as compared with $7,835,000,000 expended in Decem¬
The amendments to Regulation
decrease of 4%, according to figures compiled, by the Depart¬
T were made public by the Board
ment of the Treasury and released Feb. 14 by the War Production
Board, which also had the following to say:
;as follows:
"The average daily expenditure for war purposes in January
Amended Supplement to
was
$278,500,000, a decrease of 11.1% from the $313,400,000 spent
Regulation T
per day in December.
The daily rate is based on the 27 days in
The supplement to Regulation
January and the 25 days in December upon which checks were
T
cleared by the Treasury.
is hereby amended
S
effective
"War expenditures by the Government from July
1,1940, through Feb. 5, 1945, by changing the
maximum loan value figure "60%"
January 31, 1945, amounted to $252,000,000,000.
"These figures include checks cleared by the Treasury and pay¬
in the first paragraph to "50%,"
ber,
1,423,652,553
161,981,942
1,452,028,287
'
Charges
it
accounts,
Washington advices
war
28,375,734
deductions
available
fixed
$1,290,046,345
$1,035,410,266
171,878,377
1,207,288,643
income
Income
1943
2,525,284
-J
Income
Fixed charges:
Rent
for
leased
Inc.
$94,179,007
19,466,675
$91,578,935
income
Miscellaneous
from
1944
1943
1944
income
Total
For the eleven months of
for the month of November
'
22,805,785
opeiat.
ry.
Other
i
All Class I Railways
T
;
Income Items—
States
;
$7,520,000,000,
items for
sheet
bus
January War Costs Under December
The Bureau of Statistics of the Interstate Commerce Commission
has issued
1033
was
added
that-it
that
would
"to
have
extend
the
in¬
fluence
we
hoped 'it would be
anti-inflationary."
In 1937 when margin require¬
ments
short
were
sales
lowered and those
on
set
higher than
the other requirements, the mar¬
ket was sinking. The picture has
changed since then.
were
or
maintain credit to
or
for
ex¬
any
While increasing the margin for
loans
general accounts, the Board low¬
ered from 75 % to 65% the maxi¬
mar¬
mum
loan value for special omni¬
customers
therewith
except
as
if
he
in
accordance
were
subject
thereto), and (2) receives written
notice, pursuant to
a
rule of the.
Securities and Exchange Commis¬
sion
concerning the hypothecation
of customers' securities by brokers
or
dealers
(Rule X-8C-1
or
Rule
X-15C2-1), to the effect that the
stock is
a
*eouritv carried for the
account of a customer."
1034
THE COMMERCIAL & FINANCIAL CHRONICLE
'
Monday, March 5,
1945
State and City Department
BOND PROPOSALS AND NEGOTIATIONS
Dated
-i:
ALASKA
siat
Ketchikan, Alaska
announced on Feb.
26 that the Federal Power Com¬
mission1 had issued a 50-year li¬
cense to the city for the construc¬
was
operation of the power
and
tion
April 1, 1945 and due $10,April 1, from 194$ to 1965
on
Bonds
Power
City Licensed to Operate
Plant—It
000
inclusive.
the
project on Beaver Falls, near
that
Voted
the
of
bonds at
election held last Novem¬
an
approved the issu¬
ber the voters
of
ance
$150,000
develop¬
power
ment bonds.
San
an
C. Smith, 418
Louis 2, is Secretary,
is advising holtkrs of bonds that
available to
pay
liquidating dividend of
of total principal, interest
another
3.6%
Bonds Voted—It is
of
the
and accrued interest on
to Aug. 1, 1940.
Certificates of deposit are to be
$540,000 construction
San
Gabriel, Calif.
Election Contemplated—
Bond
It is said that
in the
called
payment and endorsement. Copies
of the report of C. W. Diekroeger,
trustee and disbursing agent as of
Jan. 23, 1945, are being furnished
bondholders.
CALIFORNIA
'
;
...
near
COLORADO
Sanitary Sewer District No.
Arcadia, Calif.
Bond Election Scheduled—-It is
stated
Nesbitt, City
Clerk, that an election will be
held on or about May 8, to submit
by
the
system con¬
project to
estimated $750,000.
cost
,
an
•
i
I}-
s
.*■
sewer
for
bonds
-
.'.F
f
i
.
a
■
California (State of)
Portfolio Award
—
and interest
Berell, in connection with the re¬
ported possibility of a payment
being made on account of unpaid
bond principal.
Creditors should
tion
the
i61,
our
Colorado
The City
passed
vote
issue
of
26—
Feb.
to
syndicate composed of the First
National Bank of Chicago, Coffin
Burr
of
New
York, the Mil¬
waukee Co. of Milwaukee, Julien
Collins & Co., and Martin, Burns
& Corbett, both of Chicago, at a
price of 142.2631.
Next highest bids
for
notes
Bank
Boston,
of
Dated
Nov.
on
the
were
fol¬
as
Bidder
offer
of
was
Chicago,
Lazard Freres & Co.,
R. W. Pressprich &
the
&
Trust
Co.,
a
bid by Leavitt & Co.,
Commisisoners
calls
for
Los
District No. 3 bonds.
District No.
Calif.
Bond Election
that
—
election is
an
It is
reported
scheduled
for
April 6, to have the voters pass
on the issuance of
$8,500,000 con¬
struction and equipment bonds.
San
Diego
Union
County,
Sch.
Dist.
Chula
(P.
Vista
San
O.
Diego), Calif.
Bond Sale—The
bonds
p.
509
offered
—
Nuveen
$200,000 school
Feb.
were
26
—
awarded
v.
to
161,
John
&
Co.,
Chicago,
and
Thomas Kemp & Co., Los
Angeles,
jointly,
100.17,
as
a
IV2S,
basis
of
at
a
price
about
of
1.48%.
Bond
the
District No. 4 bonds.
Dated
April
April 1, 1965.
Bank, New
Gas
Nos.
on
that
Certificates
plant
—
certificates
revenue
Finance,
at the
or
Oct.
City. Dated Oct. 1, 1938. Due
1, 1945 to 1958.
cates
will
be
par
value
and
payment
Said certifi¬
redeemed
and
accrued
thereon
interest,
of
a
pre¬
mium of V4 of 1%
of the principal
amount of the certificates for each
fraction
thereof, from
April 1, 1945, to the maturity date
year,
or
stated in the certificates.
ceases
on
Interest
City
is
that
stated
Vera Beach. Fla.
ported
bonds
that
now
change such
amount
of
holders
of
outstanding
bonds
new
for
bonds
the
city
may
ex¬
an
equal
between
assessments
made
by
the
Appeals.
$100 in Chi¬
cago apparently would have been
required to produce the original
election
an
2%%
comfort
'
assessments.
1944
station
levels, based
Abatements in bond and inter¬
.
est
Chicago, III.
Bond
City
Offering—R.
sealed bids until 11
8
for
1 %
the
receive
a.m.
Jan.
on
of
March
bonds
of
15,
1945. De¬
Interest J-J.
$1,000.
1,
March
$3,940,000
judgment
Dated
nomination
Due
Upham,
purchase
coupon
1945.
B.
will
Comptroller,
levies, filed and to
be filed,
original levies
1950. Callable at
by over $4,700,000 net after allow¬
ing for certain supplemental bond
and interest levies filed after
June
calculations
This
apparently
will
bring the 1944 rate down to about
$4.00.
Chicago
Sanitary District
par
$1,000,000 on Jan. 1,
1947 or on any interest date there¬
after, $1,000,000 on Jan. 1, 19,48 or
on
any interest
date thereafter,
$1,000,000 on Jan. 1, 1949 or on
interest
any
date
thereafter.
Bonds optional Jan. 1, 1947 must
all be called for payment before
bonds
optional Jan.
1,
1948, may
be called; and bonds optional Jan.
1, 1948, must be called before
bonds optional Jan. 1, 1949, may
be called. The bonds
able
registerto principal and are issued
as
to pay
to Feb.
are
j udgments rendered prior
15,
1945.
considered
No bid will be
that does
offer
not
to
purchase the entire amount of $3,-
940,000.
payable
office
Principal
at
and
interest
City/ Treasurer's
the
at
the fiscal agency of
City in New York City. These
or
will
constitute
of
ad
the
general ob¬
City,
payable
valorem
levied
taxes
all the taxable property in
City without limit as to rate
the
amount. The
approving opinion
of Chapman & Cutler, of Chicago,
will
be furnished by the City.
of
the
bonds
to
the
successful bidder will be notified
Enclose
March 8.
on
certified check for $39,-
a
payable
the
to
City
Comp¬
troller.
$4.00
Rate
Rises
Ten
Level—The
is
taken
to
Cents
following
from
in¬
Bulletin
No. 215, issued by the Civic Fed¬
eration, Chicago
ganization:
fact finding or¬
upon property in Chi¬
probably will be about $4.00
$100 assessed valuation. This
estimate
is
figures on
valuation,
nances
levies.
based
Offering Cancelled—
The proposed
offering on Feb. 23
the $4,800,000
corporate pur¬
pose
tax
anticipation
warrants,
described in
(1)
(2)
the
bids
were
returned
on
the
date
scheduled
award.
district's
$3.90 per
Our present estimate of the total
the
is
against Chicago prop¬
$194,651,145, compared to
total
1943
bill
tax
extended
against Chicago property of $188,249,576.
Last
June
culations
(Bulletin
based
levies
and
on
an
201)
money
volved.
assumption of
those of
same
1943, indicated
sible rate of
$4.13
per
level
pos¬
a
resulting total tax bill in the city
$199,351,474.
In spite of reductions of about
of
852,000,000 in State Department of
certain
had
un¬
made
the
or
source
of
in¬
amount
Upon returning the bids
was announced that the
district
will again advertise for bids to
be
received
on
a
much
smaller
amount
of
warrants,
probably
about $500,000, on March 8.
In ^connection
report,
the
with
Chicago
the
above
"Journal
Commerce" of Feb.
26
noted
of
the
following:
The Sanitary District of
Chicago
changed its plan to issue $4,800,000
worth
of
tax
anticipation
warrants
lieved
because its trustees
the
district
"could
be¬
go
along" with available funds, and
had only intended to finance this
amount
for
a
reserve,
it
was
learned last night.
The district therefore returned
bids
unopened
late
last
week,
and
planned to operate on present
cash, together with whatever ad¬
ditional
funds it may need, from
time, through small-scale
financing. The district, it was un¬
derstood, needs only about $500,time to
000
month
a
to
maintain
tions, and this it
out
to
can
opera¬
handle with¬
resorting at the present time
sizable warrant issuances.
This
with
information
the
decision
to
was
of
the
advertise for
worth
of
lieved
that
wil
be
conducted
the
time
in
line
district
bids
similar
was
small
as
for
the
warrants,
sale to be held March 8. It
be¬
sales
needed, for
being.
report that
the
district
had
obtained
$2,000,000 from the City
of Chicago was denied,
although
it was recalled that the
city owes
the
district
that
the
there
about
is
city for
a
as
$2,000,000, and
judgment against
much.
The four bids rejected last Fri¬
day had been made by The Illi¬
nois Company, the First
National
Bank"
a
$100 and
the
it
1944
valuations at the
of
funds
declined to disclose the
the
cal¬
original
for
that the
the
proposed borrowing unnecessary.
District officials are said to have
A
1944 tax bill
unopened
reported
receipt
$500,000
was
was
looked-for
$100.
erty
It
trustees
which reduce original 1944
The official rate in Chi¬
issue of Feb. 12—
our
709—was cancelled and
p.
the new assessed
abatement ordi¬
for 1943 taxes
cago
161,
v.
available
upon
O.
of
cago
per
(P.
Chicago), III.
Warrant
ac¬
ceptable bidder will be made by
the
City Comptroller, and the
our
made.
were
reduction
follows:
as
these higher
on
valuations.
should reduce these
as
Bond Exchange Offer—It is re¬
estate
Board of Tax
by
bonds.
1944
1
Clerk
$12,000
tax
date called.
County of the greater
part of the reductions in 1943 real
will be held on April 17 to have
the voters pass on the issuance of
their
at
Restoration by the Assessor
Cook
A rate of $4.10 per
extended
Called
55 to
York
plus that accrued interest evi¬
due
on
Chemical Bank & Trust Co., New
Said bonds will be redeemed at
coupons
Due
(b)
:
of
'
>
The overall 1944 tax rate to be
the Director of
sive, 145, 146, 171/184, inclusive,
206/210, inclusive, 218/227, inclu¬
sive, 235/237, inclusive, 363/369,
inclusive, 388/389, 425/432, inclu¬
sive, 449/453, inclusive, 456/483,
inclusive, 506/509, inclusive,
522/541, inclusive, 543, 552/555,
inclusive, 558, 564/567, inclusive.
(Denom. $1,000.)
by
1945.
214, aggregating $160,000, have been called for payment
on
April. 1, i945, at the office of
by L. R.
Douglass, City Clerk, that the fol¬
lowing refunding bonds of 1938
are being called for
payment as of
April 1:
Series A, Bond Nos.
2, 3, 7,
28/44, inclusive. (Denom. $500.)
Series
B, Bond Nos.
74, 77,
79/81, inclusive, 138/140, inclu¬
denced
1,
St. Petersburg, Fla.
Revenue
->
Election—It
formation
12,000 -Special Road and Bridge
Bond Call—It is stated
par
Bridge
ments.
estate
Canton, III.
i
Tax
Special Road and
District No. 8 bonds.
$91,000,000
over
fc) Some increase in other real
bonds.
15,000
980 for
called.
County, Long Beach
(P. O. Los Angeles),
11
Increase of
(a)
ILLINOIS
400,
20,000 Special Road and Bridge
increased
(more than $80,000,000 in Chi¬
cago) in personal property assess¬
the
not later than 5 p.m.
22,000 Special Road and Bridge
City, paying agent of the
County. Interest ceases on date
Angeles
Sch. Dist.
,
District No. 6 bonds.
York
141.983
1.99%:
Special Road and Bridge
have
Capital
factors:
city shall be
able to make a full exchange of
the new bonds for the present
bonds without loss to the city.
Award
ing bonds, Series 1935, Nos. 971 to
and
that
ligations
Corp., both of Jacksonville,
2s, at a price of 100.15, a basis
$30,000
pay¬
to
shall be sold and in order
as
and
total
apparently
bonds.
present
to. insure
or
of about
May 1, 1945, at par and
accrued interest, General Refund¬
order
necessary to re¬
upon
on
Dade City, Fla.
Hannaford & Talbot,
jointly
bonds
from
as
County (P. O. Fort Lau¬
derdale), Fla.
in
par
The city refunding agents have
to make a bid of not
less than par for such of the new
refunding', Series 1945 bonds ag¬
gregating $99,000, offered for sale
on
Feb. 27—v. 161, p. 819—were,
awarded
jointly to the Florida
National Bank, and the Clyde C.
of¬
at
Railroad
assessments,
$39,829,381
($39,383,064 in Chi¬
cago) over 1943, because of these
contracted
following SBA
Bond Sale—The
First-Stamford
1945, and the unex¬
bonds will be sold
time
the
bonds
O. Clearwater),
Fla.
and
g
deem
Bridge Dists. (P.
at the Chase National
Co.,
F. S. Moseley &
Co.,
Harris, Hall & Co.,
Braun, Bosworth & Co., Inc.,
ty
1,
new
that
at
$1,000 each, Nos.
981 to 990 for $500 each, and Nos.
1002 to 1040, 1043 to 1052 and 1055
to 1084 for $100 .each, aggregating
$17,900. Said bonds shall be paid
Northern Trust Co.,
are
the
Feb,
Bank
was
Broward
974
Chicago,
on
July
changed
at
the
0.41%.
ment
Bank,
to
assessed
valuations for 1944 in Cook Coun¬
Pinellas County Special Road and
.National
0.385% dis¬
fering 0.40%, while the next best
ty
W. H. Newbold's Son &
Co,,
V jointly
141.368
or
the
bonds
Stock
First
Bond Call—The Board of Coun¬
and
of
Revenue
Pierce
bidding
First of
Michigan Corp.,
Geo. B. Gibbons & Co.,
Inc.,
rate
purchaser without
charge. Enclose a certified check
for 2% of bid.
28, 1945. Due
21, 1945. Runner-up in the
National
Price Bid
Harris Trust & Savings
the effect that the
livered
offered for sale
161, p. 925—were
to
to
as
payment
valid and legally binding obliga¬
tions of the District, will be de¬
Note Sale—The $600,000 tax an¬
27—v.
the
bonds.
Stamford, Conn.
ticipation
National
principal of and interest on said
The approving opinion of
Giles J. Patterson, of Jacksonville,
in bonds for
FLORIDA
lows:
-
limitation
amount
CONNECTICUT
a
&
without
ordinance calling for a
April election on the
awarded
Instruc¬
Chase
District, and a tax upon all
taxable property therein are
irrevocably pledged, and all the
taxable property of the District,
including homesteads, is subject
to the levy of an ad valorem tax
to
count.
Public
of
the
the
at the
Feb.
at
the
their
post-war building program.
on
payable at the office
Board
or
notice of
Principal
City. For the
payment of the principal and in¬
terest, the full faith and credit of
Authorized—
issuance of $765,000
,
the
Council is said to have
an
be
Bank of New York
Springs, Colo.
Election
Bond
a
925—were awarded
p.
of
of
namfcs, addresses and numbers of
the bonds they hold.
Angeles, Los Angeles City
School and High School Districts,
and Los Angeles Flood Control
detail in
Treasurer
shall
thereof
struction upon 30 days'
its intention to do so.
bonds of the issue of Jan.
Los
v.
date
callable for redemption at the op¬
tion of the Board of Public In¬
Colo.
The City of
District bonds aggregating $4,018,000, offered for sale on Feb.
27 by the State Employees' Re¬
tirement System, as described in
the
1, 1938, are requested to commu¬
nicate with Town Treasurer J. D.
H.
voters
struction
/),
W.
6%
struction, will receive sealed bids
until 2 p.m. (EWT) on March 12
for the purchase of $500,000 2%
refunding bonds, issue of 1945.
Dated
March
1,
1945,
Interest
M-S.
Denomination $1,000.
Due
March 1, as follows: $28,000 in
1946, $30,000 in 1947, $31,000 in
after
Notice to Bondholders—Holders
of
In¬
1949, $32,000 in 1950 and
$33,000 in 1952, $34,000 in
1953 and
1954, $35,000 in 1955,
$36,000 fin 1956, $37,000 in 1957
and
1958, $38,000 in 1959, and
$32,000 in 1960.
Any bonds out¬
standing after 40 years from and
civic center.
1,
Ted DeWitt,
1951,
$200,000 building and property
purchase bonds, to be used as a
Baxton
—
Chairman of Board of Public
1948 and
future to have
the issuance of
inform
15
'
h
,
to
election is to be
past due
to Albert Theis and
"'Sons, Inc., the depositary, 410
Olive Street, St. Louis 2, Mo., for
J.;''.1
an
the voters pass on
presented
to
now
Offering
the present time and July 1, 1945.
It is planned that all unexchanged
bonds will be called for payment
provide the funds
Fla.
Bond
report¬
ed by J. B. McLees, County Clerk,
that the voters approved the issu¬
coupons
bonds
Sweetwater
November.
Olive St., St.
now
County,
on
Duval County Special Tax School
District No. 1 (P.O. Jacksonville),
Diego), Calif.
Diet., Ark.
i d e n d—The
D i v
Bondholders' Protective Commit¬
ate
Feb.
bonds at the general election last
ARKANSAS
funds
ing thereafter will be void. *■■■
on
said bonds shall cease
on
said date and all coupons matur¬
Union High Sch. Dist. (P. O. San
Beaver Dam Drainage
tee, of which Elmer
election held
Diego
ance
Liquidating:
terest
6.
city.
At
It is reported
approved the is¬
$55,000
construction
—
voters
suance
date, upon presentation with all
subsequent
unmatured
coupons
thereto attached, at the Chase Na¬
tional Bank, in New York, and in¬
of
Chicago,
and
Halsey.
Stuart & Co., Inc.
Subsequent
in
smaller
more
sales
amounts,
of
warrants,
will
permit
and smaller dealers to
parti¬
cipate, it was understood.
'
Volume
161
Number 4365
THE COMMERCIAL & FINANCIAL CHRONICLE
Johnston City, Jit,
price of
.777%.
100.16,
Dated
basis of
a
about
The
Louis.
Second high bidder was Paine,
Webber, Jackson & Curtis, offer¬
Sale
The $13,000
—
4V2%
judgment. funding
bonds
were
awarded to Mason, Moran & Co.,
of
Chicago. Dated Jan. 1, 1945.
legality has been approved
by Charles /& Trauernicht, of St.
Feb.
ing
Pinckneyville, III.
$35,000 2Vz%
struction
the
to
water
March
26.
system
con¬
submited
will be
bonds
at
voters
election
an
on
Trust
(J-J)
National
payable at the
Bank
of
First
Pinckneyville.
Rochelle, III.
Election—At
March
on
sider
the
20
issue
an
construction
con¬
$75,000 hospital
White
Hall, III.
Offering—It
reported
is
that sealed
bids will
until April
17, by the City Clerk,
for
the
be
received
purchase of $4,000 street
improvement bonds.
Bond
City
bonds awarded on Feb.
Austin, of South
21 to Harrison &
Bend
iy2s
as
reported in
as
161,
v.
925, were sold at a price of
100.41, a basis of about 1.37%.
p.
Kingman, Ind.
Sale—An issue of
Bond
works
water
$57,000
bonds
revenue
was
Widmann & Co.,
Cincinnati, the only bidder, as 4s,
at par. Dated Dec. 1,
1944 and
due July 1, as follows: $500 in
1946; $1,000, 1947; $1,500, 1948-to
1950 inclusive; $2,000, 1951 to 1953
sold recently to
inclusive; $2,500, 1954 to 1959 in¬
clusive and $3,000 from 1960 to
The
inclusive.
1969
issue
was
originally offered in November,
1944, but could not be disposed or
then for the reason that the proj¬
ect had not been cleared
eral
Offering—Nels
Clerk,
by Fed¬
agencies.
of
Jan.
1,
1947 to
in
000
received
be
2
until
Denominations
that
the
will
as
of Jan. 1,
19^. Prin¬
cipal and interest payable at the
City Treasurer's office. The pro¬
ceedings for the issuance of the
bonds
and
taxes
p.m.
The
all the taxable prop¬
t
erty in the 'City sufficient to
the
interest
and
pay
of
said bonds,, have been legalized
and
validated
by • the
General
Assembly of the State at its curon
principal
renLsession.
The City will fur¬
approving opinion of
Chapmami,& Cutler, of Chicago,
nish
the
*
and all bids may
be so conditioned
only to thai extent. In the event
that prior to the issuance of the
bonds
the
therefrom
income
to
private holders becomes taxable
by the terms of any Federal In¬
Tax
Law, the successful bid¬
request, be relieved
of the obligation to accept deliv¬
ery and pay for the,bonds and in
such case the good faith check
come
der
will,
bidder
successful
at
the
will be returned.
check
for
Enclose
3%
of
certi¬
a
the
bonds
bid for.
the
County.
No conditional
bids will be considered. Said war¬
rants
being issued under the
are
Bond
000
in
provisions of Chapter 247 of the
of 1933, for the purpose of
obtaining a temporary loan for the
County General Fund,
and are
payable
of
out
pow
taxes heretofore
in the course of
the
General
Fund.
collection
for
Enclose
certified check for 3%,
a
the Board of County
payable to
$160,-
airport bonds reported
250, were pur¬
chased at par by Vieth, Duncan
& Wood, and the White-Phillips
Co., Davenport, jointly.
161,
v.
p.
Decorah, Iowa
Commissioners.
Election—It
Bond
Proposed
is
reported by C. F. Anderson, City
Clerk, that the issuance of $50,000
municipal airport bonds will prob¬
ably be submitted to a vote of the
electors at the regular election on
March
26.
Bond
be
Offering—Sealed bids will
received
March
$200,000
10:00
A.M.
on
the
primary
bonds.
May 1,
until
for
29
purchase of
road refunding
Dated
May 1,1945.
Due
follows: $10,000 in 1948,
in 1949, and $10,000 in
as
$180,000
Interest payable M-N. Pur¬
chaser
to
furnish
blank
bonds.
IOWA
Hawk County
County to furnish approving opin¬
ion of Chapman & Cutler of Chi¬
cago.
A certified check for 3%
(P. O.
Waterloo), Iowa
hids will
of
P.M.
on
financial
purchase
of
Bond Offering—Sealed
March
the
for
27
1:30
until
received
be
primary road refunding
May 1, 1945.
Due
$220,000
the
lection
bid
is
required.
statement
records
from the
May 1,
as
follows: $20,000 in 1948
1949 and 1950. In¬
Greene
payable M-N.
furnish
Purchaser to
bonds.
blank
County
furnish
certified
check for 3%
required.
statement
obtained
County Treasurer.
may
be
tax
financial
collection
obtained
of
A
March
from
rec¬
the
Cedar Raoids, la.
Bond
Sale
—
The $125,000
received
28
until
for
A.M.
Local
be
townships
to buy
able
machinery
and
other
cumulated
according
during the war years
to information to the
Public Works Associa¬
tion.
The
funds, which total $2,457,accumulating under stat¬
enacted by the State legisla¬
515
are
utes
in
ture
1941
and
1943
to
enable
the local governments to build up
for use when materials
reserves
and
become available.
manpower
Of the total
purchasing fund
$1,320,976 has been accumulated
by 83 '•ounties; $489,987 by 459
townships; and $146,552 by 104
cities
of
all
estimated
classes.
It has
been
by Kansas government
authorities
that
the
at
present
rate of
increase, practically all the
townships eligible to create such
funds, and a large percentage of
the
counties
and
cities, will take
advantage of the legislation.
Procedure for accumulating the
is as follows: the county,
air¬
until
8:30
Conley Owen,
receive -sealed
P.M.
(CWT) on
for the purchase of $54,-
2%
water
revenue
refunding
bonds. Dated April 1,1945. Denom.
$1,000.
Interest A-O.
Due April
1, as follows: $2,000
in
1946, $3,000 in 1947 to 1954, and
$4,000 in 1955 to 1961. All bonds
part, but only in inverse
numerical order, on any interest
due date upon 30 days' published
notice
the
at
face
amount
plus
accrued interest- plus a premium
of 3%, if the redemption date is on
before Oct. 1, 1949, and there¬
or
after
according to the
same
pro¬
visions except that if the redemp¬
tion date is on or before Oct. 1,
1954,
the premium
and
if
the
thereafter
shall
redemption
the
be
2%
date is
shall be
premium
the
governmental
treasurer of
will
be
sold
at
not
Said bonds
less
than
103
the
to
highest and best bidder,
provided, however, the City re¬
serves the right to reject
any or
all
bids.
sold
Said
subject
bonds
the
to
and the interest
on
are
be
to
principal
of
said bonds not
being subject to Federal or Ken¬
tucky ad valorem or income taxa¬
tion
the date of their delivery
on
street fund
unit,
The
each
to
case
may
transferred
the
be
and
year,
be
can
the
amount
have
not
amount
as
same
the
be.
does
special
for
bridge
re-transfer
not
or
transfer
needed
to
said
bond
of
the
any
road,
expenditure thereof
shall be subject to the provisions
of the budget law.
Lamed, Kan,
Paid
The
City Clerk
now states that the $70,000 semi¬
annual airport bonds sold to the
—-
peka—v. 161, p. 926—were award¬
ed as Is, at a price of 100.229, a
basis of about 0.96%. Due on Sept.
1954 inclusive.
County
(P. O.
Ky.
Scottsville),
Bond
public
Sale
The
—
school
$60,000
revenue
3%
bonds of¬
Co.,
Louisville, at a price
of 104, a basis of about 2.58%. The
bonds are dated Feb. 1, 1945 and
certified, check for 3% of the bid
is
required.
County's financial
mature
000
on
from
Feb.
1946
1
to
as
follows:
1949
Bids
which
office
must
the
of
City
certified
a
payment
for
will
$2,-
inclusive;
tional
at
bonds, dated April
First-Hardin Na¬
Elizabethtown.
In¬
the
Bank,
terest ceases
on
date called.
Lawrenceburg, Ky.
Bond
Call—City Clerk William
McGurk
calls
for
payment
on
April
1, at the face amount plus
premium equal to 3% of the
amount, all outstanding 2%%
water works revenue bonds, dated
Oct. 1, 1938, at the City Treas¬
at
par
Call—E.
y
J.
Rhodes, City
Clerk, calls for payment on April
1, 1945, 3% school building rev¬
enue bonds Nos. 18 to 63.
"j Dated
April
1,
1940.
Funds
sufficient
for the payment of said bonds, to¬
gether
with
interest
thereon
to
called, and to¬
call premium as
date
gether with
provided in
aside
set
a
accrued
the
bonds, will, be
retiring said bonds,
for
at the City Treasurer's office. In¬
terest
date called.
ceases on
LOUISIANA
i
Opelousas, La.
Bond
fire
A.
^ J
fighting
a
$14,000
equipment
bonds
headed by M.
Co., of Memphis,
group
Saunders
IV4S,
v ^
:
V;
.
Sale Details—The
awarded to
&
reported in
sold
at
a
161, p.
price of
100.191, a b^sis of about 1.218%,
These bonds mature March 1, as
follows: $1,000 in
1946 to 1951,
as
820,
as
were
and $2,000
v.
in 1952 to 19C»x
".
Parish,
St. Mary
.
.
j-
Fifth Ward Spec,
Sch, Dist. No. 1 (P, O.
Frank¬
lin), La,
Bond Sale Details
The.
—
000 school bonds awarded
$100,Feb.
on
15 to Scharff & Jones of New Or¬
leans,
reported in v. 161, p. 926
a price of 100.156, a
as
were
sold at
basis
of
about
1.55%.
The
issue
consists of $2,000 3V4S and $98,000
iy2s. The other bids
were
fol¬
as
lows:
White, Hattier & Sanford,
100.188 for $2,000 4s, and $98,000
IV2S; John Dane, 100.001 for $11,000 3s, $30,000 2s, $38,000. 13/4S,
and $21,000 iy2s; T. J. Feibleman
Co., 100.066 for $32,000 3s, $43,000
lV2s and $25,000 lyts; Equitable
Securities Corp., 100.043 for $2,000
4s, $98,000 iy2s; M. A. Saunders 8c
Co., 100.026 for $68,000 2s, ahd
$32,000 l%s; Charles F. Boagni,
100.301 for
/
$100,000 l%s.
-
,
MARYLAND
Maryland (State of)
Bond Bill Introduced
lature—A
in Legis¬
bill
calling for the is¬
of $1,500,000 in bonds was
revenue
1942,
introduced
in
the
Legislature
on
23
Feb.
by Senator Wilmer F.
Davis, of Caroline. The - bonds
would be used for a new ferry
boat
and
improvements to the
Shore
Eastern
State-owned
terminus
the
of
Chesapeake
B ay
ferry.
a
MASSACHUSETTS
face
urer's
date
office.
Interest
ceases
on
called.
Notes
Sold
—
It
is
stated
by,
Daniel .J. McArdle,
er,
Bond Call—Anna L.
I
Lynn, Mass.
ed
City Treasur¬
notes were of¬
that $600,000
fered
Nicholasville, Ky.
on
Feb. 27 and
the
to
Second
Kines, City
Clerk, calls for payment on April
1,
1945,
3V4%
sewer
revenue
bonds Nos. 9 to 103 aggregating
$95,000.
Dated Oct. 1, 1938. De¬
nomination $1,000.
Worcester
award¬
were
National
Bank
offering 0.372%.
Ohio
County (P. O. Hartford), Ky.
Bond
Offering
—
The
Clerk wil receive sealed bids
til
11.30
a.m.
on
March
6 for
un¬
the
purchase of $77,000 2%% school
building refunding revenue bonds.
April 1, 1945. Due April 1,
$4,000 in
1948 and
1949; $5,000 from 1950 to 1958 in¬
clusive and $6,000 from 1959 to
1.962 inclusive. Subject to redemp¬
tion prior to stated maturities at
any interest payment date, upon
30
days' notice published in a
newspaper of general circulation
follows:
in the
County, at par and accrued
plus a redemption pre¬
interest
mium
first
of
4%, if called during the
five
$3,000, 1950 to 1961 inclusive and
years,
a
redemption
premium of 2V2%, if called within
$4,000 from 1962 to 1965 inclusive.
the next five years, and if called
The bonds
thereafter,
a
of
Boston, at 0.357%. Due
7, 1945.
on
Nov.
Runner-up in the bidding was
the First National Bank of Boston,
County
the
subject to redemp¬
Bond
suance
works
redeemed
Owensboro, Ky.
•i
V
and
be
accrued
interest, plus a pre¬
mium of 3%, at the Hartford De¬
posit Bank, Hartford.
City Clerk calls
rec¬
are
bonds
and
Clerk.
check
April 1, all out¬
2%% water¬
on
2rk %
standing
1,
made
/
Bond Call—The
for
be
be secured
may
$1,000.
as
Bond
the
at
Enclose
City will fur¬
and
printed
opinion
Dated
KENTUCKY
Allen
forms
on
Columbian Securities Corp. of To-
in 1946 to
The
forms.
street fund, but such re-
and
Price
of said bonds.
nish
fund
The governmental unit can
purchase road or street machin¬
ery with all or part of the funds
at any time and without notice to
the public.
The statute also pro¬
vides
final
amount
augmented
by residual
at the end of each fiscal
amount
purchaser, and to
approving opinion of
Skaggs, Hays & Fahey, of Louis¬
ville, being given as to the legality
the
who
then
provided in
the resolution to the special fund
and debits the road,
bridge or
the
county is call¬
ing for redemption on April 1,
1945,
school
building
revenue
bonds, dated April 1, 1943.
The
1 %.
Principal arid interest pay¬
able at the First-Hardin National
Bank, Elizabethtown.
$1,000.
Bond Call—The
in
the
to
certified check for
being subject to prior redemption
option of the City, in whole
or
township or city annually trans¬
fers by resolution from the regu¬
lar road, bridge or
street fund
money, not to exceed 25% of the
amount
credited to
the regular
fund and subject to legal expen¬
diture in the year, to a special
road, bridge or street building
equipment fund. When the reso¬
lution is adopted, a copy must be
delivered
Principal and interest (Apayable at the Hartford De¬
posit Bank, Hartford.
Enclose a
O)
at the
to the succesful
fered on Feb. 21—v. 161, p. 820—
were
awarded
to
the
Bankers
bonds.
bids
—
will
funds
purchase of
$220,000 primary road refunding
bonds.
Dated May 1, 1945.
Due
May 1, as follows: $20,000 in 1948
and $100,000 in 1949 and 1950. In¬
terest payable M-N.
Purchaser to
blank
Clerk,
governments
Kansas—countries,
cities—will
Aside
Building
on
the
offered for sale on
Feb. 26—v. .161, p. 820—were pur¬
statement and tax collection
chased by the Merchants National
ords may be obtained from
Bank of Cedar Rapids as .80s, a County Treasurer.
bonds
—
Set
Road
equipment for highway and road
building from special funds ac¬
1
10:00
Offering
City
000
County to
furnish
approving
opinion
of
Chapman & Cutler of Chicago. A
County Treasurer.
port
\
Iowa
be
of the bid
County's
and
in
and
needed
Bond Offering—Sealed bids will
to
construction
Governments
Equipment
se¬
Elizabethtown, Ky,
Bond
$16,000
(State of)
Buy
maturity and
of J 03.66 was
by Almstedt Broj., Louis¬
have
to
of
furnish
approving
opinion
Chapman & Cutler of Chicago.
ords
col¬
tax
County (P. O. Jefferson),
and $100,000 in
is
be
County's
Dated
bonds.
terest
and
may
said
airport
to
of
ville,
year.
(P. O. Spirit
County
Lake), Iowa
1950.
Black
Local
Funds
moneys
Dickinson
order
verse
.
credits
Acts
levied, and
Details—The
Sale
IV4 %
sold
Mc-
expense
called shall be called in their, in¬
March 5
upon
Due Dec. 1,
of Ross,
Ice & Miller, of Indiana¬
will be furnished to the
Cord,
polis,
of
opinion
premium of 2% if called there¬
after; provided that if less than
the bonds outstanding at any
time
are
called, the bonds so
all
recent elec¬
a
are
a
of 2%.
Second high bid
issuance
Kansas
providing for the levy
on
voters
plus
ac¬
rial numbering.
American
amount of in¬
accrued on
have
the pur¬
as
chaser shall request.
1945.
bonds.
specify the interest
and, all other conditions be¬
exceeding
of
the
municipal
follows:
$70,000 in
1948, $72,000 in 1949, $74,1950, and $84,000 in 1951.
lowest rate and which specifies a
purchase price of par and accrued
interest, plus a premium equal to
bids
(CWT),*on March 8, by Horace
Sohn, County Auditor, for the
purchase of $30,000 tax anticipa¬
tion warrants.
Dated March 15,
1945,
tion
as
Davenport, la.
Offering—Sealed
5.
City, Kan,
approved the
Dated Jan.
'
will
Hill
March 5
on
bonds.
1945
Ind.
Warrant
re¬
March
on
Feb.
on
Bonds Voted—At
sealed
ing
equal,
preference
will
be
given to the bid specifying-the
fied
Spencer County (P. O. Rockport),
election
an
Hansen,
receive
will
bids until 7:30 P. M.
said bonds
Sale Details—The $37,200
Bond
building
will
made
for the purchase of $370,000 storm
or
Clay Township Independent School
Township (P. O. South Bend), Ind.
bids until 8 p.m.
interest,
and
par
premium
of 4% if called during the first
five years, plus a premium of 3%
KANSAS
terest
INDIANA
he
crued
inter¬
on any
payment date at
a
Offering—It is stated by
that
prior to maturity
est
if called the next five years, plus
Council Bulffs, la.
rate
Bond
at
Bidders should
bonds.
con¬
bonds.
15, for the purchase of $5,000 town
hall bonds, approved
by the voters
1, 1945. Denomination $1,000. Due
election
ah
voters will
of
ceive
&
Bank
con¬
Shannon City, la, '
Bond
follows:
as
election
an
$525,000
struction
Co., St, Louis, 0.80s, at 100.-
sewer
Bond
were
At
March 12 the voters will
sider an issue
of
the Town Clerk
Commerce
-
—
on
023; John Nuveen & Co., Chicago,
0.90s, 100.21.
Denomination $1,000.
terest
bids
Mercantile
according
to report.
Dated April
1, 1945.
Due on Jan. 1 in 1948 to
1965 inclusive.
Principal and in¬
Bond Election
100.152 for .80s.
Other
Bond Election—The issuance of
tion
Marshalltown, Iowa
Feb.
1, 1945. Due
1, as follows: $7,000 from
1947 to
1950 inch, $16,000 from
1951, to 1955 incl., and $17,000
in 1956,
Bond
1035
Note
County (P. O. Worces¬
ter), Mass,
Sale—It
is stated by the
County Commissioners
$800,000 notes offered for
sale on Feb. 27, were awarded to
the Worcester County Trust Co.,
Board
of
that the
at 0.32% discount. Due on Nov.
1945.
Also
15,
bidding 0.32% for the
issue
was
made
by the Merchants National
the
offer
runner-up
Bank of Boston.
MICHIGAN
Avon
Township Fractional School
District No.
Tenders
Guthrie,
receive
2, Mich.
Wanted
District
—
Frank
Treasurer,
W.
will
sealed tenders of refund¬
ing bonds
redemption premium March 15.
of
1937,
on
or
before
THE COMMERCIAL & FINANCIAL CHRONICLE
1036
Call—It is stated by Ray
Bond
is
calling for payment on April 1, at
par and accrued interest, all out¬
standing refunding bonds, dated
April 1, 1937. Said bonds should
be presented to the Detroit Trust
Co., Detroit, for payment, with all
unpaid interest coupons attached.
Interest ceases on date called.
Birmingham, Mich.
Bonds Sold — It is stated that
r
f
;
--
|
maturing
$52,000
fol¬
April 1,
in
1968, $10,000 in 1969, $15,000 in 1970, $10,000 in 1971,
$15,000 in :L 1972, $10,000 in
1973, and $15,000 in 1974.
Optional as follows: $25,000
due in 1966 and 1967, on and
after
May 1, 1952; $25,000 due
in
1968 and
1969, on and
after May 1, 1951, $15,000 due
in 1970, on and after May 1,
1950; $10,000 due in 1971, on
and after May 1, 1949, $15,000 due in 1972, on and after
''
1948, $10,000 due in
and after May 1,
1947, and $15,000 due in 1974,
on and after May 1, 1946.
May
property
located
therein, without limitation as to
rate or amount. Legality to be ap¬
taxable
by Miller, Canfield,
& Stone, of Detroit.
proved
dock
Invited—Sealed
tenders will be received until 7
p.m.'(EWT), on March 6, by M.
W. Weiss, District Secretary, of
Scaled Tenders
of
certificates
the •' district's
in¬
1937.
The sum on
hand in the Sinking Fund for the
retirement of certificates is ap¬
debtedness,'
proximately $3,000.
The
Education
of
Board
re¬
serves the right to waive any ir¬
regularities in said tenders, to ac¬
cept the tender or tenders which
in the opinion of the Board are
most favorable to the District, and
to
additional securities
purchase
sufficient
of
to
exhaust the
amount
available for this pur¬
pose; on March 6.
Mr. Weiss calls for payment on
March 15, at par, Erin and Lake
Tp&-,( Mich., Frac. Sch. Dist. No. 3,
refunding bonds Nos. 69 to 71,
money
''
dated Sept. 1, 1941.
the Detroit Trust Co., Detroit.
Interest
date called.
ceases on
Belle River Improvement
Drain¬
District (P. O. Port Huron),
age
Mich.
i
Dated April 1, 1945.
$80,000
coupbn drain bonds offered Feb.
28—v. 161, p. 926—were awarded
to the First of Michigan Corp.,
Detroit, the only bidder, as 4s, at
a price of 100.01, a basis of about
interest
respective
maturity dates, at a
rate or rates expressed in multiples
of 14 of 1%, not exceeding 21/2%
per annum to Nov. 1, J1946, not
exceeding 3% per annum there¬
after to Nov. 1, 1950, and not ex¬
ceeding 3 V2 %. per annum there¬
after until paid.
Both principal
and interest will be payable at
the Detroit Trust Co., of Detroit,
or at any bank or trust company
in the City of Detroit, named by
the City as a
successor paying
agent.
These bonds will be the
general obligations of the City
which is authorized and required
by law to. levy upon all the tax¬
able
property therein such ad
valorem taxes as may be necessary
to pay the bonds and the interest
thereon
and 1955.
Bond Offering—John M. O'Con¬
City
nor,
sealed
on
Clerk,
bids
until
will
8
receive
P.M.
(EWT)
March 20 for the purchase of
$2,530,000
coupon
refunding bonds
of 1945, as follows:
$550,000 Series A-l bonds.
Due
Nov. 1, as follows: $20,000 in
t
1945, $25,000 in 1946 and 1947,
v:
,
'
$30,000 in 1948 and 1949, $15,000 in 1950 to 1952, $20,000 in
::1953 to 1955, $25,000 in 1956,
i
$30,000 in 1957 to 1961, and
$35,000 in 1962 to 1965.
110,000
Series A-2 bonds.
Due
Nov. 1, as follows: $10,000 in
same
$15,000 in 1967, $10,000
in 1968, $15,000 in 1969, $10,000
in
1970, $15,000
in
shall become
1972,
to rate
as
the
City after deducting the
premium offered, if any.
In de¬
termining the net interest cost,
interest
premium will not be
deductible, and inter¬
est on bonds will be computed
from April 1, 1945, to the first
optional redemption date on each
callable bond, and to the maturity
on
date
each
on
non-callable
bond.
The
right is reserved to reject any
all bids. No proposal for less
all
series
of the
will
be
bonds of
five
the
considered.
Municipal
the un¬
qualified legal opinion of Claude
H. Stevens, of
Berry & Stevens,
of Detroit, approving the
legality
re¬
Municipal
entrance
the
into
by
reduction in the state sales
a
tax of from 3 to 21/2% and author¬
ization for cities to impose a sup¬
plemental local sales tax of Vz of
1%, collected by the state and re¬
turned to the city of origin.
The report did not recommend a
direct sharing of the 3% sales tax
with local units because, it said,
the
practice
would give • some
units more money than needed in
view
their
of
fiscal
needs
and
is
recommendation
that
theory
the
based
on
the
governing
body
authorizing
expenditures
must also be responsible for levy¬
ing the tax to provide additional
spending funds..
The committee also touched
on
problems of those Michigan cities
which have
15 mill tax limit and
a
authority to vote special levies for
periods up to five years.
This is
not long enough to pay for many
capital
improvements
whether
the money is borrowed or paid for
are
other
recommendations
of interest:
1.
the
in 1971,
$15,000 - in
paid by the
bonds,
type and character shall be
taxable by the terms of any Fed¬
eral income tax hereafter
adopted
Congress, the successful bid¬
may,
at
lieved of his
contract
in
to
such
his
election
re¬
obligations under the
purchase
the
case
companying his
bid
turned.
a
for
be
Enclose
said
bonds,
deposit ac¬
will
be
re¬
certified check
$50,600, payable to the City.
anticipated that the bonds will be
ready for delivery on or about 30
days from the date of sale, and
of
Charles &
legally binding ob¬
ligations of the State, payable
solely as aforesaid will be deliv¬
ered
to
the
—
Treasurer.
Bond
Call—Ralph Valom, Dis¬
Secretary, calls for payment
April 1, 1945, 1936 Series A
trict
Refunding bonds, Nos. 55, 66, 308,
340, 381, 399, 405, 431, 451, 458,
491, 494, 495, 513, 523, 536, 546,
553, 565, 604, 609, 643, 667, 679,
694, 707, 721, 733, 752, 753, 771,
815, 820, 852, 858, 863, 907, 922,
940, 950, 983, 986, 1010, 1072, 1081,
1126, 1148, 1177, 1189, and 1209.
$2,000,000 Refunding Bond Issue
Authorized—Governor Thomas
Bailey
the
announced
State
Bond
authorized the
$2,000,000
bonds
call
of
tax; some cities may wish to im¬
pose other types of tax, such as
admissions taxes, business license
taxes, cigarette taxes, which can
be administered locally.
2. That proceeds of the
gasoline
weight taxes be
fund and divided as
and motor vehicle
placed in
one
follows: 40% to the state
highway
3. That voters be
given a chance
existing tax uni¬
formity clause—which critics say
to eliminate the
results
in
un-uniform
from
the
taxes
which
taxation—
state
constitution, and
the Legislature given the right
to provide by law for levying of
the
classes
"shall be uniform in
which
upon
they
are
imposed."
Nankin
Township School District
No. 71 Mich.
■
Bond
Call
—
District
Bonds will
place
of
be
re¬
payment
designated therein.
Oakland
County
(P.
O. Pontiac),
Mich.
Tenders Wanted—The Board of
County Road
receive
Commissioners will
sealed
tenders
until
10
A.M.
(CWT), on March 5, High¬
District Portion (Co¬
vert) refunding bonds, dated Nov.
1, 1935, and due Nov. 1, 1958. • In¬
way
Imp.
formation
may
be
as
had
to
upon
funds
available
request to the
March
highway
had
13
of
revenue
provide funds for the
similar amount due in
a
convert
funds
hand
on
ment of the bonds to
troit
Detroit, where
payment will be made at par and
the
accrued
H-l
for
pay¬
maintenance
work.
on
Trust
Co.,
interest.
Interest
ceases
date called.
No.
issued
10, Mich.
Call—John
E.
McClellan,
Secretary, calls for pay¬
April 1, 1945, at par and
interest, refunding bonds
Nos. 311 to 330, to the amount of
$20,000, dated Jan. 1, 1942, due
Oct. 1, 1965, subject to redemp¬
tion on any interest payment date.
on
accrued
Delivery of the bonds should be
to the Detroit Trust Co.,
made
to
to
a
are
in
previously
numbered
outstanding
interest, with
anticipating a
2%%
Commission
the
called
of
and are
H-2000. The
group
carry
savings
the
on
proposed issues.
It
also announced that the
was
bond
approving
attorneys
had
been changed. For
many years the
work has been handled
by Chap¬
and
man
Cutler in Chicago.
bond
new
Charles
and
The
approving
firm
is
Trauernicht of St,
Louis.
Smith
County (P.
O.
Raleigh),
Miss.
Detroit.
Interest
ceases on
Bond
date called.
Bond Sale—Pohl & Co. of Cin¬
were
awarded
on
Feb.
17
issue of
$70,000 sewer revenue
bonds of 1944, as 2%s.
an
be
series
lower interest and
District
ment
bonds
ninth
issues
Royal Oak Township School Dist.
Bond
The
Sale
semi-annual
jointly
and
to
the
Jackson,
161,
Sold—An
issue
refunding
sold
&
Co.,
noted here—
as
821—were
p.
awarded
Feb.
1
at
fol¬
as
lows:
$1,991.57 in 1946; $2,000 in
1948; $3,000 in 1949;
$4,000 in 1950 to 1954, and $6,000
1947
Louisville, Miss.
2%%
bonds
Jones
Walton-Hamp Jones Co.,
both of
v.
$34,991.57 3%
funding
Edward
par and mature on
MISSISSIPPI
Bonds
Details—It is now
Clerk of the Chan¬
stated by the
cery Court that the
been sold to Lewis & Co. of Jack¬
sales
sale
in
to
L.
Feb. 17 that
on
Commission
August. Refunding of the matur¬
ing obligations will enable the
State
Highway Commission to
Dated April 1, 1936. Said bonds
should be delivered to the De¬
ible
levy the lk of 1%
without
charge. Enclose a certified check
for $40,000 payable to the
State
000
to
purchaser
-----
Royal Oak Township School Dist.
No. 8, Mich.
the
on
St.
valid and
are
specific
theory that many
cities, because of local conditions,
may not find it advisable or feas¬
taxes,
Trauernicht, of
Louis, to the effect that the bonds
ized to levy local excise or
same
and
$1,000
1,000
1,000
74
2,000
76__-__
1,000
78_
1,000
1,000
1,000
104___— —1,000
111—
1,000
59_
72
That communities be author¬
at
of the bonds will be
der
46__
cinnati
Three
the bonds have been paid in full
as to principal and interest.
It is
bidders must agree to
accept de¬
livery of the bonds not later than
Aug. 1, 1945.
Registerable as to
principal. The approving opinion
of the voters.
date.
said
num¬
assessment districts:
Road Assmt. Dist.
Royal Oak Township (P. O. Hazel
Park), Mich.
deemed
of
the
current levies, the commit¬
said, and recommended that
special levies be permitted for pe¬
riods up to 15 years by approval
tee
interest
cost
legal opinion and of the printing
by
bered
Dis¬
are
from
the income received by
private holders from bonds of the
The
bonds which
obligations of the following
local
delivery of the aforesaid
bonds.
so-called
of
for
are
capacity to help themselves; this
City. Bonds will be delivered at
Detroit.
In the event that prior
the
7890
Commis¬
available
retirement
on
ports.
John R. Stinson,
Secretary, calls for pay¬
ment on April 1, 1945, at par and
accrued interest, refunding bonds
N'os. 26, and 28 to 38, dated April
1, 1938, due April 1, 1968, and
callable on 30 days' notice on any
of
the
Fi¬
Association
the
Officers
Bids
shall be conditioned upon
1966,
$10,000
State
to
Lincoln Park, Mich.
5
the
Legislature,
nance
the
to
department, 35% to counties and
than
r£
as
recommendations
report and
a
County Road
Funds
trict Portion
gov¬
25% to cities and villages.
The
present complicated formulas, the
committee
said,
s ho u 1 d
be
scrapped and replaced by a sim
pie measure.
or
Dated Feb. 1, 1945 and
May 1, as follows: $7,000
and 1947; $8,000, 1948 to
1953,' inclusive, and $9,000 in 1954
on
structure of state and local
to the bidder whose proposal pro¬
duces the lowest net interest cost
due
1946
into the sales tax field and exten¬
amount. Bonds will be awarded
or
3.998%.
;
Denomina¬
The bonds will bear
from April 1, 1945 to their
considered
Bond Sale—The issue of
in
1955,
tion $1,000.
to
Lapeer and St. Clair Counties,
.
1953,
1,
1957 and 1959 to 1964.
due, without limitation
Said bonds should be delivered
to
May
Optional
Sch. Dist. No. 3
Mt.
on
810,000 Series B-3 bonds.
Due
$90,000 Nov. 1, 1966 to 1974.
Townships,
Lake
1,
1973,
Frac.
(P.O. Route 7,
Clemens), Mich.
and
Erin
Pad¬
Sales
Local
municipalities
sales tax field would be facilitated
Series B-2 bonds,
Due
Nov. 1, as follows: $15,000 in
1966, $10,000 in 1967, $15,000
cipal1 and interest (A-O) payable
at the National Bank of Detroit.
These bonds will constitute, in the
the
of
units, and to make
115,000
are
opinion of counsel, general obliga¬
tions of the City, payable from ad
valorem taxes levied against all
Entrance
of
sioners.
ernment units, of financial prob¬
lems and fiscal conditions of local
1964 and 1965.
dated March 1,
Denomination $1,000. Prin¬
1945.1
—
1950 and 1951, $30,000 in 1952
and
1953,
$35,000
in 1954,
$40,000 in 1955, $45,000 in
1956 and 1957, $50,000 in 1958,
$55,000 in 1959, $60,000 in
1960 to 1963, and $65,000 in
;
1V4S,
bonds
Include
mendations
Tax
Recom¬
1945, $40,000 in 1946 to 1948,
$45,000 in
1949, $25,000 in
$5,000 in 1953, as IV2S, and $63,000
matuHng April 1, $5,000 in 1954,
$4,000 in 1955 and 1956, $5,000 in
1957, $4,000 in 1958, $5,000 in 1959,.
and $12,000 in 1960 to 1962, as
The
1, as follows: $30,000 in
Nov.
l%s, due in 1954 to 1962,
The bonds were sold as
lows:
Committee
Legislative
May 1, 1951, $10,000 due in sion of time limits on borrowing
1970, on and after May 1,1950, to facilitate adequate local financ¬
$15,000 due in 1971, on and ing of post-war improvements are
after May 1, 1949, $10,000 due among
recommendations to the
in 1972, on and after May 1,
Michigan Legislature by its tax
1948, $15,000 due in 1973, on study advisory committee.
and after May 1, 1947, and
The committee was established
$10,000 due in 1974, on and in February, 1944, to cooperate
after May 1, 1946.
with the State Municipal Finance
945,000 Series B-l bonds,
Due Commission in a study of the tax
$115,000 refunding, Series A-3 of
1945 bonds were awarded recently
to Briaun, Bosworth & Co., Inc., at
a
price of 100.02, a net interest
cost of about 1.30%, on the bonds
divided as follows: $52,000 as l%.s,
due in 1946 to 1953, and $63,000 as
$4,000 in 1946, $6,000 in 1947, $8,000 in 1948, $9,000 in 1949, $4,000
in 1950 and 1951, $12,000 in 1952,
as
after May 1, 1952; $25,000 due
in 1968 and 1969, on and after
District Secretary,
Fassett,
Board
Michigan (State of)
1974.
follows: $25,000
due in 1966 and 1967, on and
Optional
(P. O. Bedford), Mich.
R.
in
$10,000
and
1973,
No. 6
Bedford Twp. Sch. Dist.
Monday, March 5, 1945
of
$50,-
bonds
has
in
and
1955.
MISSOURI
at par.
Dated Oct. 1, 1944.
Legality approved by Charles &
son,
Brentwood
Trauernicht of St. Louis.
Mississippi (State of)
Bond
Sch.
Dist.,
Offering—Greek L. Rice,
dan, Secretary of Board of Edu¬
cation, will receive sealed bids
until
8
P.M.
March
on
State Bond Commis¬ purchase of
$200,000
sion/will receive sealed bids un¬ Dated March
Secretary
til
10
on
a.m.
March
13 for the
$2,000,000
coupon
refunding, fifth series
bonds. Dated Feb. 1, 1945.
De¬
nomination $1,000. Due $500,000
each on Aug. 1, 1961, Feb. 1,1962,
Aug. 1, 1962, and Feb. 1, 1963. The
of
purchase
highway
bonds
redeemable at the op¬
are
tion of
the State,
in inverse nu¬
1950, or
on
any
interest payment date
thereafter, at par and accrued in¬
terest.
Bidders shall specify the
merical order, on Aug. 1,
rate
or
rates
of interest in
Mo.
Bond Offering—Harold R. Jor¬
mul¬
1/4 or one-tenth of 1%.
Each bidder must agree to pay not
tiples of
less than par
est to Aug. 1,
and accrued inter¬
1945. Principal and
payable
at
the
State
Treasurer's
office,
or
at
the
Chemical Bank & Trust Co., New
interest
1951, $7,000 in 1952 and 1953, $8,1954 to 1956, $9,000 in
1957,
$8,000 in 1958, $9,000 in 1959 and
1960, $10,000 in 1961 and 1962,
$22,000 in 1963 and 1964, and $23,000 in
000 in
1965.
a
the
name
multiple of
is
of 1 % and must be the same
for all of the bonds.
No bid for
less than par and accrued interest.
Principal and interest payable at
a bank to be designated by the
purchaser subject to the approval
of
the
to
be
Board
of
forms
on
Education.
furnished
Bids
by
the
Secretary.
The District will fur¬
nish the legal opinion of Charles
&
Trauernicht, of St. Louis, and
Delivery
and fully sufficient for
such purpose, in accordance with
the
provisions
and
definitions
contained in Chapter 130, Laws
of Missisisppi, 1938.
Under the
terms of and as permitted by the
Act, the bonds, together with the
other bonds authorized, issued and
Bidders to
rate of interest in
tax levied
necessary
the
1, 1945. Denomina¬
will
by the State as may be
for
tion $1,000.
Due March 1, as fol¬
lows: $14,000 in
1946, $7,000 in
1948 and 1949, $6,000 in 1950 and
Payable as to both princi¬
pal and interest from such por¬
tion of the gasoline or motor fuel
York.
5
school bonds.
the
for the printing of the
the registration fee at
pay
bonds
and
office
made to
of
of
the
the
State
Auditor.
bonds
the purchaser
will
be
or
be¬
fore April 1, 1945.
Enclose a cer¬
tified check for
$2,000, payable to
the District.
on
Kirkwood Sch. Dist., Mo.
Bond
Offering—Mildred
E.
Stegeman, Secretary Board of
Di¬
permitted under the Act, enjoy a
prior pledge of such portion of the
revenues as may be necessary for
rectors,
the prompt
Dated March 1, 1945.
Denomina¬
tion $1,000. 1 Due Feb.
and it
lows:
payment of the prin¬
cipal of and interest on the bonds,
is recited, covenanted and
agreed
that
the taxes to the
amount necessary
as
aforesaid,
shall
be
irrevocable
until
all
of
until
8
will
P.
M.
receive
on
sealed
March
7
bids
for
the
purchase of $650,000 school bonds.
1,
as
fol¬
$8,000 in 1946 and 1947,
$10,000 in 1948, $16,000 in 1949,
$9,000 in 1950 to 1953, $43,000 in
1954,
$44,000
in
1955,
$45,003
in
iVolume
1956
161
and
Number 4365
1957,
$46,000
$47,000 in 1959, $48,000
$49,000 in 1961, $50,000
$51,000 in 1963 and 1964,
000
in 1965. Bidders to
THE COMMERCIAL & FINANCIAL CHRONICLE
1958,
tors at the next election automat¬
basis of about
1960,
1962,
in
in
in
ically are chosen at large—mean¬
ing that cities would elect them.
were
The
and $53,-
rate
of interest in a multiple of
% of 1%, and must be the same
for all of the bonds.
No bid for
be
to
of Directors.
though,
control;
in
since
115 counties is
one
represen¬
3. The
constitution
new
gives
of home'rule; its limitations
gree
few
are
Bids
livery of the bonds will be made
ties
the
purchaser
on
given full freedom to draft their
April 5, 1945, in the City of St.
Louis, without cost to the pur¬
chaser.
Delivery elsewhere will
be made at the expense of the
purchaser.
check
Enclose
for
District.
contains
smaller
changes.
It revises the old taxa¬
system which placed heavy
tion
(State of)
levies
on
intangible
personal
property by levying taxes only on
Ballots
Cast
the income from
Constitution—The
for
New
proposed
fore the voters
on
intangibles; abol¬
ishes
justice of the peace courts
for a system of magistrates' courts
with
only lawyers eligible
for
election;
abolishes
the
elective
office of state superintendent of
new
State constitution, which if ap¬
proved will thoroughly modernize
the state's organic law, went be¬
or
document
new
$6,500, payable to the
Missouri
proval
coun¬
major changes in
the old constitution, the proposed
-
Voters
or more
Besides these
certified
a
charters; two
can consolidate by a
majority
vote; police, fire and water serv¬
ices can be merged, even if there
is no political consolidation.
before
or
Feb. 27 for ap¬
the schools and substitutes
rejection.
a
state
Representing a series of prac¬
tical compromises worked out by
education
delegates
Of interest, also, is the modern¬
ization qf the state bill of rights
to
convention,
the
the
by
constitutional
proposed
docu¬
ment makes at least three major
reforms to give Missouri a more
uniform state government while,
the
at
local
same
time,
governments
a
to cover: freedom of
rebuild
demn
Other
•
such
increasing concentration of
lation in urban areas,
Kansas City and St.
the
popu¬
re¬
mained with the rural—or "outstate"-—
At
areas.
the
state
capital-—Jefferson
City—there has gradually devel¬
oped an increasing overlapping of
bureaus and agencies. Each mem¬
ber of the governor's cabinet is
elected
an
official
with
certain
collecting or disbursing
V..
■"
revenue
functions.
>
The proposed new constitution
attempts to meet these and other
difficulties through various
changes, the Council of State Gov¬
ernments reports, as follows:
1.
Confusion
of
bureaus
arid
into from five to 10 executive de¬
partments, and all future bureaus
created by the legislature would
be subject to assignment to a de¬
partment by the governor.
Tax
as
to
the
These
including the secretary of
abolished
department
new
created
under
of
and
same
are
for
all
of
on
the
of
$80,000 school bonds.
Dated
Feb. 1, 1945. Denomination
$1,000.
1949, $17,000 in
1951, $39,000 in
1953, $51,000 in
$52,000 in 1956,
and 1958, $54,000
$55,000 in 1961,
and 1963, $57,000
designated by the successful bid¬
der, subject to the approval of the
Legislative reapportionment
Board of Education.
No bids for
problems, occurring periodically,
new
guaranteed
constitution by a redisrict¬
ing plan which, in effect, allocates
control of the house to "outside"
areas
and, eventually, control of
the senate by larger urban areas.
This plan, which has been adopted
by New York and California
as
a
method of avoiding "domination"
of
a
rural
after
state
legislature
by either
or urban
areas, is modeled
the
Congressional system
basing representation in
on
population
and
the
one
less than par. and accrued interest
will be considered.
All bids to
the
under
house
other
on
geography.
To bring about
development of
the plan, the constitution contains
be
redistricting when nec¬
essary; whenever the legislature
refuses to
(after
a
reapportion the senate
federal census)
all
sena¬
on
forms furnished
retary.
1952,
1954
and
1955,
$53,000 in 1957
in 1959 and 1960,
$56,000 in 1962
in 1964, and $58,-
Ys
Bidders to name the
interest in a multiple of
of
rate
of
1%
and must be
the
same
for all of the bonds.
by the Sec¬
The District will furnish
opinion of Charles
& Trauernicht, of St. 'Louis, and
will pay for the printing of the
bonds and the registration fee at
the
office
Delivery
of
the
State
Auditor.
the
Principal
be
designated by the purchaser,
subject to the approval of the
Board
on
—
The
$150,000 air¬
port bonds awarded on Feb. 20 to
Citizens Bank of Springfield,
the
as
0.90s, at a price of 100.168, a
called
1950
for
or
of
Education.
Bids
to
tary.
The
legal
District
opinion
will
of
pay
and
&
for the printing of the bonds
the registration fee at the
office of the State Auditor.
De¬
livery of the bonds will be made
to
the purchaser on
or
before
April 1, 1945, in the City of St.
Louis, without cost to the pur¬
chaser.
Delivery elsewhere will
be made at the expense of the
purchaser.
Enclose
a
certified
check for $8,000, payable to the
District.
Bartlett, Neb.
Dwight
Griswold
has signed a bill authorizing this
town to issue water system bonds.
Voted—It is stated by W.
Egenberger, City Clerk, that
the voters approved the issuance
of $20,000 airport bonds at an
Bonds
R.
on
Feb. 13.
Nebraska (State of)
Legislature Passes Bill Limit¬
ing Interest on City Bonds—A bill
by Senator Fred Muller, Kearney,
to
limit
to
6%
the maximum
Bond Election Act Pending—It
is stated by M. J.
Dineen, Jr., City
Clerk, that the Legal Department
has
Legality to be approved by
Chapman & Cutler, of Chicago.
been
ordinance
instructed
to
Manchester, N. H.
Note Offering—F. D.
lin,
McLaugh¬
Treasurer, will receive
City
sealed bids until 2 P.M.
on
bonds.
6
for
purchase
7, 1945.
notes
Due Aug. 2, 1945.
will be
genuineness
The
authenticated
and
validity
to
as
the
First National Bank of Boston,
under advice of Ropes, Gray, Best,
Coolidge & Rugg of Boston.
March
1965.
11
255,000
4V2%
vocational
bonds. Due Jan. 1,
follows: $30,000 in 1948 and
1950, $10,000 in 1952 and 1955,"
$30,000 in 1957 to 1959;: $20,^
as
000
in 1960 and 1961,
$15,000
1962, $5,000 in 1966, $10,000
in 1967, $5,000 in
1968, >and
$10,000 in 1969.
Tg'H
30,000 4*4% park bonds. : Due
$5,000 on Oct. 1 in 1949, 1951',
in
1953, and 1964 to 1966. f;.n
60,000 4%% park bonds. Due on
March 1
as follows:
$3,000 in
1959;
$10,000, 1965;
$5,000,
1966; $15,000, 1967 and ,1968,
and $12,000 in 1969.
»ut.Vv
85,000 6% road, bridge and insti¬
tution bonds. Due
follows:
as
Debt
Reduction
State
by
March 1
1963 to 1965,
Legality approved by Hawkins,
Delafield & Longfellow of New
York.
"--V
NEW
MEXICO
McKinley County (P. O. Gallup),
N.Mex.
Treasurer,
and
on
$15,000
in 1959,
$10,000 in 1961, and $20,000 in
by
Hampshire (State of)
school
and park
Bond Call—T. T.
New
1, as.ifol-
$10,000
1954, $16,000 in 1955, $5,000
1956, $1,000 in 1957, $30,000
in 1958, $56,000 in
1960,-$37,000 in 1961, $68,000 in
,1962,
$63,000 in 1964, and $16,000 in
discount
at
pation of 1945 taxes. Dated March
Due
!:
refunding
in
$800,000 notes issued in antici¬
the
general
in
March
of
V
4%
lows: $10,000 in 1947, $30,000
in 1952, $5,000 in
1953,
NEW HAMPSHIRE
payment
Davis, County
the call for
announces
have made sharp inroads in their
debt structures, according to in¬
April 1, 1945, of 5%
highway and bridge bonds, Nos.
76 to 80, of the issue dated
April
1, 1924, and in $1,000 denomina¬
tions. Bonds were issued in the
formation On the subject
amount of
Local
Units
State
and
Discussed—Both
its
promulgated
local
the
by
Commission.
debt
free
recently
State
rib-
are
and
now
en¬
that
184
others
improved their debt posi¬
tion in the amount of $1,356,509
during the past year. Data issued
by the tax commission shows that
during the 5-year period from
1939 to 1944, the State reduced
its debt
$6,923,956; counties, $1,786,032; cities and towns, $3,303,223; school districts, $2,062,953;
precincts, $534,371.
The Commission also noted that
tax
collections
and
better
from
have
that
85.4%
in
been
much
/
'
'V.
•
v-
-V;
^
Glen Cove, N .Y.
Offering— H a rv ej y Li:
Doxey, Commissioner of Finance,
Bond
will
receive
sealed
bids
until
11
(EWT) on March 6 for- the
purchase of $22,000 not to exceed
a.m.
5%
interest coupon or registered
refunding bonds of 1945.
Dated
Jan. 1, 1945. Denomination
$1,000.
Due Jan. 1 as follows: $10,000 in
1948 and $12,000 in 1949. Rate of
interest
(J-J) to be in multiples
of Ya or one-tenth of 1 % and must
be the
for all of the bonds.
same
had risen Principal and interest payable at
they
1939 to 92.3%
in
the
Glen
un¬
Cove.
collected
$1,-
its
in
$100,000.
NEW YORK
1943, and that the amount of
taxes
on
Tax
report
The
served that 79 towns
tirely
the
subdivisions
1943
was
530,334 less than in 1939.
Cove
The
charter,
Trust
City
report disclosed a total
$579,456,762 in 1944,
an increase of $2,657,300 with al¬
most 70% of the increases being
as
Glen
under
Chapter
amend¬
pal Law.
to
Co.,
operates
constituting
787 of the Laws of 1917
The
valuation of
ma¬
ed,
the proposed bonds are
authorized by said law and; by
and
Section 8 of the General Munici¬
the
In the event that prior
delivery of the bonds the
income received by private hold¬
ers from bonds of the same type
cities and
by
of any Federal income
law, the successful/bidder may, at
his election, be relieved of his ob¬
ligations under the contract to
purchase the bonds and in such
case the deposit accompanying his
expenditures
by
towns, the Commission
noted that they reduced their ex¬
penses by $464,789.16, with county
welfare expenses more than
and
offsetting increased costs in other
Lexington, Neb.
election held
$347,000
chinery.
Concerning
Bond Bill Signed—It is reported
Governor
2.00% basis:
in the valuation of mills and
NEBRASKA
that
trict.
furnish
Charles
levied
taxes
against all of the taxable property
be
Trauernicht, of St. Louis, and will
valorem
an¬
Annuity Fund, the following
Camden County bonds
aggregat¬
ing $777,000, at a price to yield a
on Jan. 1,
interest payment date
thereafter. Principal and interest
payable at the County Treasurer's
office.
These bonds, in the opin¬
ion of counsel, constitutte valid
obligations of the District payable
ad
r
n
is
and
redemption
any
It
—
from the State Teachers' Pensiorf
dated Jan.
are
1, 1945. Interest J-J. Denomina¬
$1,000.
All of said bonds
maturing in 1951 to 1960 may be
tion
forms furnished by the Secre¬
Omaha, Neb.
Springfield, Mo,
Other Bids
All of the bonds
Award
nounced that J. B. Hanauer & Co.
of Newark, purchased on Feb.
.
within the boundaries of the Dis¬
able to the District.
;
1,
Principal and interest.
bonds will be
made on or before April 12, 1945, amount of interest on bonds issued
in the City of St. Louis, without by cities of the first class has been
cost to the purchaser.
Delivery passed 38 to 0 by the State Leg¬
The bill \yill become ef¬
elsewhere will be made at the ex¬ islature.
pense of the purchaser.
Enclose fective 90 days after the Legisla¬
ture adjourns.
a certified check for $11,500 pay¬
of
2%%
from
and interest payable at a bank to
Jersey (State of) 5
7,
M.
No bid for
less than par and accrued interest.
the approving
provisions which will bring about
senatorial
1950,
000 in 1965.
2.
be
$16,000 in
$38,000 in
$40,000 in
John
refunding bonds.
as follows: $2,000
in 1947 and 1948, and $3,000
from 1949 to 1951, inclusive.
49,000 2Y2%
refunding bonds.
Due Jan. 1, as follows: $4,000
from 1952 to 1955, inclusive,
$5,000 from 1956 to 1959, inelusive, and $13,000 in 1960.
Mo.
Caroline Bar-
Due Feb. 1, as follows:
The
—
follows:
as
Due Jan.
March 2 for the purchase
on
(P. O. Wahoo), Neb.
Sold
$13,000
tion, received sealed bids until 7
P. M.
bonds.
Feb.
divided
Secretary, Board of Educa¬
rere,
the bonds authorized at
governor.
would
—
101
Douglas Investments of Omaha
recently purchased $62,000 bonds,
100.02
a
6, by a
vote of 1,890 to 47.
Principal and
interest payable at a bank to be
a
the
of
included,
the rate of interest in
the election held
revenues
direction
are
No.
Bonds
Groves Sch. Dist.,
Bonds Offered
multiple of % of 1%, and must be
ficials
be
changes
the tightening up of provi¬
name
collection functions of various of¬
would
or
100.161
1
•
agencies would be eliminated by
giving the governor power to re¬
group about 70 minor agencies
state
con¬
housing
l
Southern Missouri Trust
governing use of the initia¬
MONTANA
tive clause by which citizens may
propose constitutional changes or
Fairfield, Mont.
legislation, Previously, at least 5
Bond Issuance Contemplated—
per cent of the registered voters It is said that the
city will'issue
had to sign a petition for a popular
$75,000 water supply system bonds
referendum; under the proposed in the near future.
constitution 8 per cent must sign.
Montana (State of)
Finally, the proposd new con¬
Post-War
Road
Construction
stitution is about 11,000 words
Bills Sent to Governor—Follow¬
shorter than the present one.
ing earlier approval by the House,
Normandy Consolidated School
the bills, calling for issuance of
District, Mo.
the $12,000,000 in State Highway
Bond Offering—S. F. Liese, Sec¬ Debentures
for
post-war
road
retary, Board of Directors, will construction, and providing for a
receive sealed bids until 8 P. M. special election to validate such
on March 12 for the
purchase of borrowing, were passed on Feb. 8
$1,150,000 school bonds.
Dated by the Senate and sent to Gov¬
March 1, 1945. Denom. $1,000. Due ernor Sam C. Ford.
The legisla¬
March 1, as follows: $10,000 in tion provided that the Governor
1947, $26,000 in 1949, $32,000 in would set the date for the special
u ^
r,-'\ v '■,, 'v, ■ •
■
1 * VI' ■
*
1950, $40,000 in 1951, $43,000 in election
The $12,000,000 would be used
1952, $45,000
in
1953,
$65,000
in 1954, $66,000 in 1955, $67,000 to match about $24,000,000 in Fed¬
in 1956, $80,000 in 1957, $81,000 in eral funds which will be available
1958, $82,000 in 1959, $83,000 in to the State under recently en¬
1960, $84,000 in 1961, $85,000 in acted Federal legislation for high
1962, $86,000 in 1963, $87,000 in way construction in the first three
1964, and $88,000 in 1965. Bidders post-war years.
particularly
Louis while
Legislature
to
areas,
for
100.605
Jackson
—
sions
the state's constitution include the
of
blighted
property
recreational purposes.
Developments in recent years
which brought about the move¬
ment for a full-fledged revision of
control
speech on the
!an^,to establish specifically
right Of labor to organize and
bargain .collectively.
Direct au¬
thority is granted by the new con¬
convention
1
—
& Curtis
the
stitution to cities and counties to
constitutional
-
selected
the
extending to
great degree
convened in September, 1943, and
lasted exactly one year and eight
days.
commissioner
bi-partisan commission.
a
radio
of self-rule.
The
Springfield
Paine, Webber,
NEW JERSEY
New
Portfolio
Saunders County School District
100.034
Bank,
Webster
population and cities with
10,000 or more population are
own
National
an
100.15
J v
1037
election to be held on May
15, an issue of $1,250,000 munici¬
pal airport improvement bonds.
Price Bid
.90ft
.90
a
more
will pay for printing of the bonds
and the registration fee at the of¬
fice of the State Auditor.
De¬
Int. Rate
Inc.
maximum tax rate—both of which
Trauernicht, of St. Louis, and
to
Bidder—
Co., Springfield
may be revised upward by local
vote.
* Counties with 85,000 or
follows:
as
Moody Investment Co.,
Springfield
—:
Braun, Bosworth & Co.,
a
and
general, including
maximum permissible debt and
the
The District will fur¬
also bid for
Union
local governments an unusual de¬
nish the legal opinion of Charles
&
remain
tative.
forms furnished by
on
still
each of the state's
less than par and accrued interest.
Secretary.
would
entitled to at least
Principal and interest payable at
a bank to be designated by the
purchaser, subject to the approval
of the Board
house
"outstate"
the
name
0.8776%, as previ¬
ously reported in v. 161, p. 927,
at
draft
an
submitting to the voters
branches.
Urging the need for economy,
the Commission declared: "While
the
State
and
other States which have
cumulated
ac¬
large cash sur¬
result of war pros¬
We are still 'confronted
with the necessity of practicing
sound economy and using 'busi¬
pluses
perity.
as
nesslike
tion
in
within
demand
very
a
methods
order
to
bounds.
on
of
administra¬
keep
While
tax rates
there
is
a
the
part of various
groups for expenditures under the
euise of post-war planning, it is
to
be
hoped that municipalities
only such additional
expenses for projects which are
will
bid will be returned.
its
political sub¬
divisions are in a comparatively
sound financial position at pres¬
ent, we are not as fortunate as
some
and character shall be taxable
the terms
incur
really necessary for the well-be¬
ing of the communities."
New York City,
1944-45
Estimated
Fund
General
—
N. Y.
^
\*
Fund Receipts
The total of General
receipts for the fiscal year
is estimated by Comp¬
1944-1945
troller
Joseph
D.
McGoldrick
at
$175,183,954, which, with the bal¬
ance of
$13,263,421 on July first
of 1944, will aggregate $188,447,375.
The report was made public
recently
estimating
the
City's
General Fund for the coming fis¬
cal
1945-1946. "These cal¬
made," the Comp¬
troller said, "in accord with the
provisions of Section 115 of the
City Charter. The figure of $188,447,375 is, moreover, $15,353,586
in excess of the original estimate
made in June, 1944."
year,
culations
are
THE COMMERCIAL & FINANCIAL CHRONICLE
1038
State
Comptroller's analysis of
indicates that the in¬
crease
is due mainly to greater
collections
than
anticipated
in
special City
taxes, viz., the sales
tax, the general business tax, etc.,
which were estimated at $52,550,-
loans to any city, town, village or
housing authority.
000, and will probably amount to
the Finance Committee.
685,515, a 9.30% rise from $29,904,106 in the comparable period
preceding fiscal year.
Comptroller to issue addi¬
$75,000,000 of bonds for
housing loans and appropriates
such sum to housing division for
The
the
report
State
share
City's
the
$58,800,000;
will probably yield
$43,200,000; and water rates, es¬
timated at $39,000,000, will prob¬
ably yield $40,500,000.
data available, the
Based upon
estimated General Fund for 1945will
$168,987,-
approximate
700, which with the probable sur¬
plus op-July 1, 1945 of $15,353,586,
mentioned above, will result in a
total
of
$184,341,286.
Adding
thereto the surplus of $8,900,000,
which was temporarily used for
the redemption of revenue bills,
produces an approximate total of
$193,241,286
of
General
Fund
bill
has
referred
been
to
Rye (P. O. Rye), N. Y.
estimated at $37,200,-
taxes
1946
The
of
which
000,
tional
Note Sale
The County Trust
—
Co. of White Plains, was the suc¬
cessful
bidder
for
21
Feb.
on
an
$43,942.18 notes at 41%
interest. Other bids were as fol¬
issue
of
Leavitt
lows:
National
&
Boston,
Irving
Washington
Port
.47%; First
.52%;
Trust
Co.,
Co.,
Bank,
Chester, .62%.
adopted
a pay-as-
capital budget have been
determined. Each year one-third
of the cost of the projects to be
for the next fiscal year,
built
about
$20,000,000 in excess ol
budget. Bonds are authorized for
the
remaining
two-thirds
and
estimate made a year ago.
Warning against over-optimism,
Comptroller McGoldrick said: "J
attention to the
wish to call your
is subject
estimate
this
that
fact
revision, and the final estimate
will be submitted to the Council
between the 15th and the 20th of
to
In the
June.
light of the rapidly
^hanging world events, any esti¬
time
this
at
mate
be
must
re¬
garded as highly tentative.
Fur¬
thermore, our appropriations for
service
debt
will
$6,000,000 higher and the deficit
subway will, according to
the current outlook, run in excess
of the
of last
year's deficit by
than
more
New York City Housing
Authority,
N. Y.
cation
Housing
Project
Appli¬
Approved—Herman
named in honor of the
T.
Alfred
Smith
E.
Gov¬
late
and
to
be
constructed by
the New York City
Housing Authority with State aid
on
site
acres
the
of
on
a
the
than
more
lower
nineteen
Side
East
in
neighborhood of the former
birthplace and boy¬
^Governor's
hood
home.
In
addition
this
to
which will include recrea¬
facilities, almost four acres
will be devoted to major park and
playground use within the site
area,
tional
or
nearby.
the
current
,
anticipation holes are issued
this
third
another
year,
is
cost
the
In
amount.
of the total
the budget.
in
included
second
This retires one-half
the
Triborough Bridge Authority, N. Y.
It is expected that de¬
Passage of Crews Bill—The
Bill
Crews
indebtedness from $100,000,000 to
districts
cation
of
indi¬
further
as
"Triboro's"
refunding
plans.
The authority,
it is understood,
conducting negotiations
in connection with a refunding of
all outstanding obligations.
This
been
would involve the
issuance
of
materials
are
The
State
of New
York
is to
lend the New York City Housing
Authority the total development
cost of the project, but not to ex¬
the
of
means
families for
intended.
the
whom
The
low
the
income
project is
City, of New York
in turn will exempt from taxation
the increase
in
value
resulting
from
the
assessed
property
and
development
the
over
valuation
of the project
the date of the loan
on
subsidy contract.
New York
(State of)
Municipal Post-War Reserves
Set-Up—The post-war reserves of
448 New York
tal
$12,876,840.
been
245
municipalities to¬
Reserves'
established
by
have
155 villages,
towns, 24 cities and 28
ties—totaling 28% of all the
coun¬
tricts believe that this
plan
will provide for
refunding
traffic.
tion
reports.
The
state
of
New
$310,000,-
000 in post-war reserve funds.
Housing
Bond
in Legislature
introduced
in
Assemblyman
—
Bill
A bill has been
the
Assembly
MacNeil
by
Mitchell,
option
has
call
to
exercised
April
on
1945,
and
25, for $500 each, aggregating
$10,000. Dated April 1, 1939. Due
April 1, 1964.
Holders of said bonds should pre¬
their bonds at the Bankers
sent
Co.,
New
and
payment
York
City,
interest
maturing Oct.
1,
for
coupons
1945 and subse¬
Bankers
nancial Condition
tatives
of
houses
were
—
Six represen¬
investment
in the
above
banking
city on
Feb. 22 in order to obtain
detailed
picture of the
a
truly
commun¬
ity's current financial condition.
Offering—Harvey N. KalCity Auditor, will receive
sealed bids until 2 p.m. on March
6 for the purchase of $18,000 not
to
exceed
4%
interest
filtration
plant bonds. Denomination $1,000.
Interest M-S.. Due $1,000 in 1946
to
1953;
callable
the election
close
a
after
held
certified
on
5
years.
Jan.
En¬
9.
check for
5%
of
bid, payable to the City.
1.304%. Dated March 1, 1945. Due
Dec. 1, as follows: $9,000 in
on
1946
to
1965, and $10,000 in 1966
and 1967.
Second
North Carolina
of
lVz%,
was
which
were as
specified
issue,
rate
a
Fund
January Rise
—
tions in North
Revenues
Revenue
Show
collec¬
Carolina's general
fund, in January amounted to $4,or
an
33.08%
total
of
increase of $1,236,619,
from the
$3,738,381,
1944
month's
Edwin
of
Rate Bid
Pohl &
_!
Co.
__101.81
Fox, Reusch & Co.
101.80
Provident Savings Bank &
Trust Co., Cincinnati_____101.78
Webber, Jackson
& Curtis
101.67
Stranahan, Harris & Co.,
Inc.
Otis
_101.32
__
&
Co.
101.23
100.82
Bond Offering—Sealed bids will
be received until
by
O.
J.
noon
March
on
Brubaker*
Village
Clerk, for the purchase of $4,000
6%
semi-annual
lighting
system
bonds. Denomination $200. Dated
Oct.
1,
1944. Due $200
and Oct. 1,
sive.
ferent
Bidders may bid
rate
April
on
in 1946 to 1955 inclu¬
for
of interest in
a
a
dif¬
mul¬
J.
—
A.
28
Ohio- municipal
the
market continued to
higher
move
during the past week, and our in¬
dex of the yield on 20 Ohio bonds
stands
with
1.34%
10
week ago, and with
a
1/3/45.
on
high
at
1.28%, compared
today at
1.29%
grade
The index for
Ohios
remained
1.12%, but the yield on 10
grade bonds declined from
lower
1.46%
week ago to 1.45% today,
all time high for this index.
a
new
Bridge Commission
Call—It
is announced by
Palmer, Secretary-Treasurer
of
the above
Commission, that
the
following
bridge
revenue
bonds are being called for pay¬
ment as of April 1:
Pomeroy-Mason Bridge, 3V2%,
aggregating $29,000.
Dated Oct.
1, 1936.
Due Oct. 1, 1956, and
re¬
the
of
principal
amount of said bonds will be made
on
or
after date called
of
said
bonds
on
surren¬
in
1948, and redeemable Oct. 1, 1940.
of
the
so
principal
called for
redemption together with
1 %
of
a
pre¬
such
principal
amount, will be made on or after
date called, on surrender of said
bonds in negotiable form, accom¬
panied by all April 1, 1945, and
subsequent coupons, at the Chem¬
ical Bank & Trust Co., New York,
the State Treasurer's
at
office,
Coupons
maturing
April 1, 1945, and prior thereto,
will be paid upon the presentation
and surrender of such coupons.
Steubenville
Refunding,
Weirton
-
Bridge
1%%,
aggregating
$30,000. Dated Sept. 1, 1940. Due
Oct.
1,
1950,
and
redeemable
April 1, 1941.
Payment
the
of
so
principal
called for
redemption, together with
mium
of
1%
of
a
pre¬
such
principal
amount, will be made on or after
date
called,
on
surrender of said
in
negotiable form, accom¬
panied by all April 1, 1945, and
subsequent coupons, at the Chem¬
ical Bank & Trust
Co., New York,
office,
Coupons
maturing
1945, and prior thereto,
paid upon presentation
at the State Treasurer's
or
Columbus.
April
will
1,
be
and surrender of such coupons.
Interest
cease
to
Gill,
tiple of V4 of 1%.
No bid is to be
recently.
A
$100
certified
and in the Senate by Frederic H.
Collections
period ended Jan. 30, totaled $32,- must accompany the bid.
seven-month
check,
payable to the Village Treasurer,
wearing out of old
increased
rather
the
Although
highways
revenue
Commission in
than
than
It has been estimated
that each day has seen
5,000 cars
to junk
of the Bridge
1944
84,356.38
was
in
1943, the total was
only 63% of the all time peak in
more
1941.
At the
same
in
expenses
1944
time, operating
dropped to the
Commission was operating
three
br/idges instead of the present four
bridges.
conditions—conditions which find
bridge authorities outside
unavoidably in default on
their obligations—the Ohio Bridge
Commission is able to report the
following accomplishments.
some
Ohio
All
1.
obligations
full and
2.
paid in
were
time.
on
$404,000 of outstanding bonds
retired.
were
3.
Operating expenses amount¬
ing to $139,120.20 were the lowest
since 1938; lowest for any year
since
the
Commission
ated four toll
Non
4.
has
oper¬
bridges.
operating
expenses
on bonds) were
the history of the
(mainly interest
the
in
lowest
Commission.
All
5.
bridge
main¬
improvements
recom¬
necessary
tenance and
mended
by
engineers
consulting
carried out.
6.
The
West
obtained
Commission
reduction
further
of
$150,000
a
in
Virginia's tax valuation on
Ohio
River
bridges.
the
three
Since this tax reduction effort
was
1941, the tax valuation
has been reduced from $1,540,000
begun
in
to $800,000, and the annual taxes
paid to West Virginia have been
reduced from $29,616.80 to $11,-
The Commission
7.
on
said
accrue
bonds
from
and
shall
was
able to
meet all of the bonds and interest
1944 without using any
due in
of
the $150,000
provided by the Gen¬
Assembly in 1943 to avoid de¬
eral
Payment
amount of said bonds
or
third
566.42.
Sandusky Bay Bridge Refund¬
ing,
2%,
aggregating
$42,000.
Dated Fhb. 1, 1940. Due Oct. 1,
of
the
diminished.
were
deemable April 1, 1937.
Payment
the
was
In the face of continued adverse
follows:
as
in
fault
the hard hit East Liver¬
on
pool Chester Bridge.
The Commission was able to
8.
the
eliminate
paid
of
expense
bridge guards, who had been on
duty since the day following the
Pearl Harbor attack, by working
out
a
that
of local protection
approval of federal
officials.
This
program
the
met
internal
security
involved the services of
police, sheriff's offices, the
State Highway Patrol and United
program
local
States
Coast Guard units.
the
and
wisdom
The
foresight
of
Legislature in setting up the
$150,000 loan fund in 1943 for use,
if necesary, in meeting 1943 and
1944
debt
service
on
the
East
paid
Bridge,
Liverpool-Chester
worthwhile dividends. During the
of early 1943, when the
dark days
future
was
shrouded in uncertain¬
ty, the Commission was faced with
two
alternatives for avoiding a
default
on
the
of the
bonds
East
Bridge.
One
alternative was the refunding of
the outstanding East LiverpoolChester Bridge bonds so thai the
Liverpool
annual
-
Chester
serial
maturities
would
approximate the anticipated sink¬
ing fund balance. The other alter¬
native
was
an
appropriation of
emergency funds by the legisla¬
ture
as
a
loan
for
debt
/
service
after
only.
April 1, 1945.
Annual
These
Report
report submitted to the Governor
on
Feb.
16
by the
State
Bridge
plained to the General
This
ex¬
Dear Governor Lausche:
mission
Bridge
Commission
Assembly.
helpful co-operation by the
General
State
were
The emergency fund was provided.
Commission, through Mr. Palmer:
The
alternatives
Submitted—We
quote in part as follows from the
terest.
the
Feb.
Prices
bonds
Eaton, O.
for less than par and accrued in¬
for
Higher
the
lowest figure since 1938 when the
(State of)
Prices
amount of said bonds
of
announced
10
White & Co., Cincinnati, reported
on
101.63
Commissioner of the Department
Revenue,'
in
Due
^
Columbus.
follows:
Bidder
5,
(State of)
bonds.
Ohio
Bond
mium
high bidder
Ryan,
Sutherland &
Co.
Braun, Bosworth
&' Co.,
Inc., and Field,
Richards & Co., jointly, offering
100.843 for lVzs.
Blyth & Company, Inc., and Ed¬
Company, New York.
calling for the issuance
$21,522 3% semi-annual street
such coupons.
161, p. 712—were awarded to
syndicate composed of Fahey,
Halsey, Stuart & Co.
General
ordinance
a
Klein, of Mackubin, Legg & Co.,
Baltimore; George Le Vind, of
Dillon
City
Council is said to have passed an
of
and
have
from
yards.
—v.
Akron City School District, O.
Bond Sale—The $200,000 school
bonds offered for sale on Feb. 26
McDonald & Co.
Eastman,
The
—
1944
year
go
Par
Lorain, Q.
Authorized
Bonds
der
OHIO
Company, New York; John J.
Rust,
of
Equitable
Securities
Corp., New York; and John Wormoth, of the Greensboro office of
Equitable Securities Corp.; Gus
of
2%
The
tires
Bank
Ironton
of
for
report
ending Dec. 31, 1944. For the
purpose
of comparison, corres¬
ponding totals for all preceding
years are given.
year
cars
.
100.18
negotiable
form, accompanied by. all April 1,
1945, and subsequent- coupons, at
the
Guaranty
Trust
Co.,
New
York.
Coupons maturing April 1,
1945, and prior will be paid upon
the presentation and surrender of
sons
Black,
.National
First
the bonds authorized at
are
Paine,
&
100.10
Ray
Bond
dor,
Bid
100.39
100.34
' 100.25
Co.
Ohio State
The representatives were: Wil¬
liam W. Mezger, of Graham, Par¬
ward
*Rate
Trust
the honor to submit
its annual
you
operated under a war time econ¬
omy.
Restrictions on travel, due
to the rationing of gasoline and
Pries
lVa%
ft
to
full year that the Commission has
Weil, Roth ft Irving Co..__l»/2%
J. A. White ft Co
13/4%
Bond
Mayville, N. D.
were
follows:
as
Bidder—
NORTH DAKOTA
all
Fi¬
Study
were
Ryan, Sutherland ft Co...lJ/2%
Seafcongood & Mayer.
1V2 '/<■
Provident Savings Bank
a
date called.
Coudert, Jr., which authorizes the
1,
its
21
Int.
Aiken, Town
Treasurer, announces
town
bond Nos. 13, 14, 15, 23, 24 and 26,
for $1,000 each, and Nos. 16 to 22
Trust
Other bids
Call—R, P.
and
the
Feb.
awarded to Fox, Reusch & Co. of
Cincinnati, as D/4S, at a price of
100.90, a basis of about 1.07%.
Due annually in from 2 to 8 years.
improvement
Unsuccessful bids for the
High Point, N. C.
Investment
975,000,
Introduced
that
NORTH CAROLINA
governments in the state, the Mu¬
York itself has set aside
no
said, would avoid- maturities
Triborough during years when
its revenues might still be de¬
pressed by restricted automobile
local
nicipal Finance Officers Associa¬
Bond
Clerk
offered
bonds
of Ohio has
O,
$7,000 refund¬
annual installments.
&
Co.,
First
Cleveland
Dillon, Read & Co. will head the
and Hawley, Shepard &
group underwriting the new se¬ Corp.,
curities.
Co., of Cleveland, as l^s, at a
Observers in the financial dis¬ price of 102.172, a basis of about
ceed the present estimate of
$16,361,000 plus a ten per cent margin
of safety, a
total of $17,997,100.
The State will give an annual sub¬
sidy to help bring the rents within
periods
$13,096,811,
Clark
for
lifted.
seven-month
as
$110,000,000 of bonds, a
sum
sufficient to provide funds
for the redemption of existing ob¬
ligations arid still leave a balance
of "new money" for needed im¬
provements. It is expected that
it is
building
on
as
1945
as
tions
soon
the
Snow Hill, N. C.
These
much
in
been
practicable after wartime restric¬
as
1944
source
$13,270,515 and
respectively.
signed by Governor Dewey of
York, permitting the Tri¬
nancial
this
were
New
has
from
news
has
obliga¬
tions maturing before 1950. This,
velopment will begin
levies in January
$1,743,714, a slight
drop from $1,878,656 received in
the preceding year, while the to¬
ing
Expected to Follow
Refunding
the
tax
I ronton,
Sale—The
Bond
to
quent thereto must be attached to
said bonds.
Interest ceases on
improvement.
that
Gasoline
amounted
of the bond
anticipation notes. In the third
year enough is inserted into the
budget to retire the balance of the
notes and to pay the total cost of
$110,000,000 is regarded in the fi¬
Sfichman, State Commissioner of
Housing, on Feb. 8, approved an
application for a $16,361,000 low
rent public housing project to be
ernor
in
included
borough Bridge Authority to in¬
crease its
authorized outstanding
$5,500,000."
Public
for
than
more
run
is
bond
seven-month period were $13,238,268 and $11,931,944 in 1944.
Beverage taxes yielded $3,073,837
in the seven months, compared
with $2,590,163.
a
revenues
or
earlier, and beverage taxes, yield¬
ing $521,137 against $394,726, were
also up. Sales tax revenues in the
projects consti¬
you-go^ plan and
tuting
$2,570,100
month, compared with $2,150,664 in the same month a year
and
Adopted
Plan
Pay-As-You-Go
Sales taxes produced
last
tals
Schenectady, N. Y.
—This city has
of the
Monday, March 5, 1945
pense.
Assembly saved the Com¬
$34,850
refunding,
ex¬
i
Volume
161
Number 4365
THE COMMERCIAL & FINANCIAL
Pepper Pike, Ohio
Bonds
Purchased—As
of the call for tenders
of
Ephrata, Pa.
Bond
result
a
Feb.
on
that
15
refunding
ers
Ohio
building
and
site
purchase
bonds offered Feb. 24—v. 161, p.
Bond
awarded to the Weil,
Irving Co., Cincinnati, as
iy2s, at a price of 101.807, a basis
about
1.33%.
Dated
Feb.
15,
Feb. 15 from
1945 and due $650 on
1947
to
1966, inclusive.
Int.
Bidder—
A.
White
—
Co.
&
..
.
&
Mayer
Savings Bank
Provident
Trust
Co
Wo'
3Y4%
$60,000
Co._
Bond
100.31
;
V/i'/c
100.07
*
100.62
-v; "Y-
posed
Par
.
.1
'•
.
'
'
$467,000;
strikes
7.30
p.m.
on
bidder
There
offer¬
These
bonds
the $80,000 issue
part of
are
an
terest
on
Pennsylvania
bid
amount
Bond
Offering
Clerk,
receive
sealed
$95,000 water system bonds.
120,000 sewer system bonds.
125,000 park and swimming pool
bonds.
March
the
13,
bonds
1945
are
and
nautics
to
taxing
Under
aid,
by
inclusive.
a
City
Council
OK's
Employes
will
be
Labor
Philadelphia's
—
has
council
tion
5,000
approved
of the
the
successful
and interest
city and
of
and accrued inter¬
pay par
certified
of the bid is
check
for
2%
required.
bids
until
7.30
p.m.
for the purchase of
as
March
on
8
$122,000 bonds
contract, the Interna¬
tional City Managers Association
reports,
supersedes ' a
similar
clusive and
fire
bonds.
from
fighting
Due
1950
15,000 storm
equipment
$1,000 annually
to
1953
sewer
inclusive.
bonds.
$2,000 annually from
1956
.
and
bonds will
be
new
$50,000 semi¬
improvement bonds of¬
fered for sale
Overtime,
ployes
for
928—were awarded to the Mel¬
lon National
ls,,at
em¬
a
half, is to consist not only of time
worked in excess of eight hours
work day
any
but
also
hours'
of
in the past,
as
in
time
work
excess
of
44
48
hours.
Bonds
an
of
ance
2y>%
3.
Sick
leave. with
pay
begin with the first day of
ploye's
absence
sickness
or
011
other
is
to
an em¬
account
disability
of
con¬
or
incurred
in
the
per¬
days' sick leave
and city officials believe
the
inducement
of
the
weekly
overtime
allowance, which will
accrue
only after
an
worked 44 hours in
PENNSYLVANIA
Beaver Falls Municipal
Authority,
Pa.
Bond Sale Details—The $3,490,000
2V2%
refunding water bonds
purchased earlier in the year by
Stranahan, Harris & Co., Inc., of
Toledo, and Associates, as reported
in v. 161, p. 151—were sold to the
syndicate at a price of 103, a bgsis
of about 2.352%.
of
101.35
will
ism
for
greatly
and
cut
a
employe has
work week,
down
absentee¬
thus lessen the necessity
daily overtime work.
teeism
Absen¬
in
covered
1944 among employes
by the contract averaged
248 workers daily.
The
agreement with the
provides that the city
is to recognize the union as the
union
sole
new
also
bargaining agent for its mem¬
bers; that there shall be no dis¬
be,
cannot
re¬
funded,
however, until certain
legislation has been passed by the
Legislature."
beverage taxes rose
$471,933 for the latest
while beer and tobacco
levies
to
declined
6.94%
and
Buenavista
Independent
District,
Plans Bond
5.15%
$111,350 and $376,933, respec¬
tively/^1
School
Texas
;
:
Election—The
dis¬
trict plans to hold an election
the question of
issuing 1
on
$200,000
'
.
For the first seven months of
Tennessee's fiscal year, from July
through January, collected reve¬
nues
totaled
$26,503,868, a de¬
crease of 0.10 per
cent, or $27,835,
from the total of $26,531,703 in the
preceding comparable period.
building bonds.
Cameron
(P,
ville),
0. \ Browns-
Texas
;r.>/'<
Jones,
County Treasurer, announces that
various outstanding county bonds
have
been
called
State
Austin,
TEXAS
County
Bonds Called—Mrs. W. R.
for payment
Treasurer's'
at
office,,
in
follows:
as
On April 1
Andrews County (P. O. Andrews),
Texas
Protection, Series 1941, Nos. 859
to
Bond Sale—C. N. Burt & Co. of
Dallas, and Russ & Co., of San
Antonio, jointly, have purchased
an
issue of $260,000 1%%
road
bonds, series of 1944. Dated Dec.
15, 1944.
Legality approved by
John
D.
McCall
of
Dallas.
Andrews Independent School Dist.,
Texas
881 and 885, to the amount of
$24,000. Denomination $1,000. Due
April 1, 1969.
,
On
receive
sealed
March
on
5
bids
for
until
8
M.
P.
the
purchase of
$300,000 not to exceed 3% inter¬
est, building bonds. Dated March
15, 1945.
Denomination
$1,000.
Due March 15, as follows:
$27,000 in 1946 to 1950, and $33,000
1951
to
Alternate
1955.
posals will be considered
pro¬
1
Bonds Sold—An issue of.
auditorium
Feb.
bonds
$60,000
sold
was
op-
17 to the First Coleman Na¬
tional
Bank,
bonds
as
iy2s, at
The
par.
dated April 1,
are
1945 and
authorized by the voters on
were
Feb.
13.
-
'
»
Gillespie County (P. O. Fredericks¬
burg), Texas
bonds
on
10
Coleman, Texas
•
Offering—C.
E.
Sealy,
President, Board of Trustees, will
April
Road, Series B, Nos. 2120 to
2176, to the amount of5 $57,000.
Dated Oct. 10, 1941. Denomination
$1,000. Due April 10, 1964, option¬
al on and after April 10, 1942.
Bond
Bond Election Planned—The is¬
with 3-year option and 5-year op¬
tion. Principal and interest (M-S)
will be submitted to the voters at
will be
an
made
payable at a place
preferred by the purchaser. These
bonds
the
authorized at
were
tion held
Feb.
on
intention
the
of
suance
$95,000
election
airport
bonds
planned for Mhrch 6,
it is reported.
elec¬
an
17, 1945.
of
Me gar el,
It is
Texas
Bonds Sold—An issue of
of
Board
$57,5t)0
series
a
of
1944
refunding bonds
purchased recently by the Rittenoure Investment Co. o£ Wichita
less
The
Trustees to sell the
bonds
the
at
lowest interest cost that will bring
price of approximately, but not
than, par and accrued inter¬
est.
Bidders are required to name
the
rate
and
the
combination
of
two rates with their bid which is
nearest
par
101.11
Any rate
100.41
was
bonds
bear
or
interest
at
2%, 2y2% and 3%, are dated
Sept. 1, 1944 and have been ap¬
proved as to legality by John D.
McCall of Dallas.'
and accrued interest.
rates named must be
rates
of
in
DAKOTA
Authorized—The
$20,000
not
semi-annual
Com¬
to
exceed
electric
plant
revenye bonds.
Palo
Pinto
.
County
(P.
O.'
Palo
multiples of Vs of 1%.
The
Pinto), Texas
will furnish the printed
Bonds Sold—An issue of $70,000
bonds, a copy of the proceedings,
2% courthouse and jail refunding
the approving
opinion of J. P.
bonds was purchased recently by
Gibson, of Austin, or Chapman &
the Louis B. Henry Investments o4
Cutler, of Chicago, and will de¬
Dallas, at par. Dated Feb. 1, 1945
liver the bonds to the bank desig¬
Due April 1, as follows: $7,000 ir
nated
by the purchaser without
1946; $8,000, 1947 and 1948; $9,000
cost to him.
It is anticipated that
1949 to 1951 inclusive and $10,000
delivery can be effected before
in 1952 and 1953. Interest A-O.
April 1, 1945.
Enclose a certified
check
TENNESSEE
duced—The
for
$6,000, payable to
the
Pear
District.'
Commission is
have authorized City At¬
Bond
Legislative Delega¬
tion, to empower the city to issue
$500,000 airport bonds.
Jan.
ilton
County
date on or
after
Feb.
1, 1954
Principal and interest payable at
the Houston National Bank, Hous¬
ton.
1941; originally issued in
$2,548,706.76, bear¬
ing 3% interest, numbered from
1 to 2,847, and maturing through¬
1,
the amount of
Knoxville, Tenn.
Bond Enabling Act Requested—
is
stated
by George R. Demp¬
ster, City Manager, that the city
has requested the passage of an
act at the current ses¬
sion of the Legislature for the is¬
of $1,000,000 flood preven¬
enabling
out the
bonds
tion bonds.
He reports,
however,
that plans are still in the prelimi¬
nary
stage and it is not yet known
a
referendum
will
be held
Tennessee
(State of)
Revenues for January
Show In¬
Over 1944—Total
collected
crease
last
of the State of Tennessee
month
$3,330,560,
$364,629, or 10.95
per cent, from the January, 1944,
amount of $2,965,971, the state de¬
partment of. finance and taxation
reported recently.
Last month's
collections represented a 14.96 per
an
increase
cent
of
from
those
of
the
comparable 1943 month.
The
largest single item of state
be
to
at
interest at the
office, Austin.
on
Arthur, Texas
Election—At
an
election
on
par
April 3 the voters will consider
an
Said
1974.
redeemed
Port
Bond
issue of $125,000
struction bonds.
building con¬
*
State
Inter¬
Raymcndville
School
Independent
District, Texas
date called.
The
following information on
city's proposed refunding was
furnished by O. J. S. Ellingson,
sider
City Manager;
tion bonds;
Bond
the
on
entered into a
contract to refund $2,400,000 of its
3% outstanding bonds.
$1,900,000
will
be
23/4%;
$300,000
2V2%;
$200,000 2lA%. Same will mature
over a period of 30 years. /
"The
aggregated
increase
ceases
"The
this issue.
revenues
shall
Treasurer's
est
1951
years
and accrued
suance
<:-j/
Christie & Co., of Houston recent¬
ly, at par. Dated Feb. 1, 1944. Dur
$1,000 from Feb. 1, 1945 to 1969:
optional on any interest (F-A
Redemption Notice—It is
stated by Lillian J. Kenny, City
Treasurer, that the city has exer¬
cised its option to redeem on April
1, all outstanding bonds of the re¬
funding, Series 1941 bonds. Dated
bill for submission to the Ham¬
Ridge, Texas
Bond Sale—An issue of $25,000
3% sewer bonds was awarded tc
Brownsville, Texas
City
torney J. W. Anderson to prepare
a
when
is required.
Bid
Council is said to have passed
ordinance calling for the issu¬
on
of the amount of the bid
Rate
100.005
mon
Union
for 2%
sum
bonds
District
year.
accrued interest. A certified check
1,
follows:
Rate
SOUTH
It
formance of his duty, instead of on
the fourth day as in the past, with
and
were as
Int.
any week even
though the regular work week is
to
par
March
E. H. Rol¬
was
Bidder—
in
awarded
pay
Dated
basis
a
Singer, Deane & Scribner__l%
Phillips, Schmertz & Co
1 >/4 %
3. K. Cunningham & Co
1'/4%
Moore, Leonard & Lynch—l'A'^
a
agreeing to
Pittsburgh,
Sons, offering 100.19 for Is.
Other bids
bonds at the lowest rate of inter¬
and
0.90%.
in the bidding
up
of
Due $5,000 on March 1 from
to 1957 inclusive.
Runner-
lins &
maximum of 30
est
Bank
price of 100.69,
a
about
said to
which
to be paid time and
are
tracted
take
Feb. 26—v. 161,
on
1943
/
at
par
.
"These
to
month,
in
Sale—The
annual
cent
per
to
15 years.
Alcoholic
60.11%
Airport Bond Bill to Be Intro¬
in
to
a
Rankin, Pa.
Bond
a
offering
Enclose
2%
Yd'//: '
urer.
the
bidder
similar
$1,631,467.
now
$1,000
1957.
The
the
inclusive
Due
1950 to
the
3.01
Chattanooga, Tenn.
are
on
inclusive and $1,000 in 1957.
there
holidays with pay; the
holiday is Good Friday.
2.
1957 inclusive.
4,000
Instead of six
seven
$8,000 in 1960.
15,000 airport bonds. Due $2,000
annually from 1950 to 1956
from
of
tract:
1.
8,000 town hall bonds. Due $1,000
annually from 1950 to
ex¬
piring May 1. Like its predeces¬
sor, the new agreement does not
mention specific wage rates. Prin¬
cipal changes in the new con¬
follows:
$80,000 park bonds. Due $6,000 an¬
nually from 1948 to 1959 in¬
Au¬
payable
Anthony Zack, District Treas¬
to
new
agreement made in 1940 and
Shattuck, Okla.
Bond Offering — M. M. Karn,
Town Clerk, will receive sealed
the
Estelline, S. Dak.
The
A
of
check
These
under
for
ment.
est.4
Pittston.
issued
ployes in the public works depart¬
offering the
lowest rate of interest and agree¬
ing to
of
Principal
1941.
than 5,000 per diem em¬
more
Bank,
are
thority Act
local
a
Federa¬
one
payable at the Miners
agree¬
State, County and Mu¬
nicipal Employes (AFL) regard¬
ing hours and working conditions
for
bidder.
certified
city
an
American
City
name
Registerable as to
The approving opinion
of Townsend, Elliott &
Munson, of
Philadelphia, will be furnished
of
New
Affecting
ment between the
12, by Helen Lester, City Clerk,
for the purchase of $25,000
airport
bonds. Due $5,000 in 1948 to 1952
Bidder to
principal.
1948
Agreement
15,
Interest M-S.
as
absence
March
following rates of interest: 1,
iy4, iy2, 1 %, 2, 2i/4, 2i/2, 23/4 or 3%.
p.
the
Dated
the
of
In
Philadelphia, Pa.
on
Elk City, Okla.
bonds.
the
the
on
1945.
Denomination $1,000.
Due
$5,000 March 15 from 1946 to 1950
plan would be
50-50 basis by the
units.
Federal
dated
Bond Offering—Sealed bids will
be received until 8 p.m. on March
bonds
of)
cost
Commisson.
council
The
(State
decrease
a
systematically reduced
re¬
$25,high school improve¬
coupon
ment
1945.
mature
awarded to the bidder
000
bonds
State and the subdivisions.
March 13, 1948 to 1963. Bidders to
name the rate of interest.
inclusive.
to
program, cost of the installations
would be shared by the State, the
Federal
government
and
local
financed
100,000 Fairground bonds.
110,000 airport bonds.
of
in¬
6%
$34,512,700, has
been proposed by the State Aero¬
Carl Randall,
—
will
estimated
bids until March 13, for the pur¬
chase of $550,000 bonds as follows:
All
of
from
Suggests
$34,512,700
Airport
Program—A 10-year airport de¬
velopment program for the State,
Blackwell, Okla.
but
after five years at 103 and will be
the
ceive sealed bids until 7 P. M.
March 9 for the purchase of
Savings
is required.
City
reduction
bonds
of
District, Pa.
nigan, District Secretary, will
aggregating
in bonds
approved by the
of the
2%
early
the
$1,582,303
Bond Offering—Thomas J. Hen-
$67,000
1%.
voters last November. A certified
check for
Pittston School
im¬
sewer
are
about
no
stoppages of work; the
nor
indefinitely unless either party
gives 60 days' notice to terminate
be
reported to be $140,000
outstanding liens unpaid by prop¬
erty owners.
It is hoped to bring
ing the lowest rate of interest and
agreeing to pay par and accrued
interest.
to
the improvement fund and collec¬
tions
from
liened
properties.
inclusive. The bonds will
the
The
in
agreement is to continue in effect
20,
not covered by the bond issue will
be paid with $27,000 balance in
Campbell, City
Clerk, for the purchase of $40,000
airport bonds. Due $10,000 in 1948
to
issue
bonds
provement
March 5, by Daisy
awarded
bond
such
grievance procedure set forth
the contract; there are to be
special
March
outstanding street and
.
Anadarko, Okla.
until
$400,000
employee may
action subject for
it.
a
for
the
or
discussion in accordance with the
used to refund the major portion
of the principal and interest of
Bond Offering—Sealed bids will
to 1951
scheduled
union
consider
the voters will pass upon a pro¬
t
OKLAHOMA
received
Election—At
election
city apply in matters
and suspension but
discharge
the
McKeesport, Pa.
100.21
—
"West Carrollton Bank.__ —2 >/2%
be
rules of the
of
Interest F-A.
101.49
--lfcfc
-M",
___
Ryan, Sutherland &
be
Sale—The
Bid
to
paid for work performed on Sun¬
days and holidays; that personnel
Rate
Rate
Seasongood
&
power
-
Fox, Reusch & Co
J.
and
gasoline taxes, amounted
in January, an in¬
4.98 per cent from the
January, 1944, total of $1,503,553,
revenue,
to have two weeks'
are
1039
crease
vacation with pay after, one year
of service;
that double time be
1, as follows: $5,000 in 1949 to
1956, and $4,000 in 1957 to 1961.
Other
bids:
agreement
refunding bonds offered for sale
on Feb. 21
were purchased
by C.
C. Collings & Co., of Philadel¬
phia.
These bonds are due Feb.
823—were
Roth &
of
light
and
members; that the per
employes covered by the
diem
for
the issuance of $118,-
pass on
union
among
non-union
reported
scheduled
Hegins Township Sch. Dist. (P. O.
He gins), Pa,
Bond Sale—The $13,000 munici¬
pal
is
000
municipal
plant bonds.
at 97.
Carrollton,
Election—11 is
election
an
crimination
March 6 in order to have the vot¬
bonds, the village
purchased $1,000 at a price of
94.85; $7,000 at 96.74, and $5,000
West
r
CHRONICLE
City
2!/4%
second year,
and $27,000
"The
bonds
104
at
and the
at
are
year,
the
bonds
end
of
at 15
"The
2y2%
bonds
Texas
Details—In
semi-annual
Clerk,
connec¬
bonds
swimming pool
a
syndicate
to
that the bonds
were
sold
Feb. 1, 1945, ir
of $1,000, and
mature Feb. 1, as follows: $5,000
in 1948 to 1950, $6,000 in 1951 tc
years,
are
optional
Antonio,
at par, are dated
the denomination
1953, $7,000 in 1954 to 1956, $8,000
1
are
con¬
$40,000 construc¬
headed by Russ, Roe & Co. of San
Antonio—v. 161, p. 616—it is now
stated
by
Frank
Brady,
City
optional
years.
issue of
Sale
revenue
premium will be reduced
systematically until the bonds
par
3%
optional;
five
election
tion with the sale of the $250,000
$59,000 the
are
an
10 the voters will
San
Bend
$58,000 the third year
the fourth year..
2 3/4%
an
has
$56,000 the first
Election—At
March
in
1957 to 1959, $9,000 in 1960 tr
1962, $10,000 in 1963 and 1964, and
$125,000 in 1965. Bonds maturing
in 1956 to 1964, callable at 105 and
accrued interest on Feb. 1, 1955,
Gov.
Herbert
Gov.
Lester
of Utah,
Wyo., Gov.
Other
Maw
B.
of
Hunt
cities
using
are
various
types of outlets for education and
of
Snell
Gov.
and
Oregon
Walter Bacon of Del.
publicity in
York
New
promoting planning.
City's billion-dollar
interest paying date
program
especially designed to
Ten ' governors
30 days' notice, and
recommended
provide post-war employment is
bonds maturing Feb. 1, 1965, call¬ changes in the old age assistance
portrayed in an exhibit, the cen¬
able at 105 and accrued interest provisions in
their states. Gov.
tral feature a large model of the
one year from date, or on any in¬
Sidney Osborn asked that the old
city on which is indicated by sym¬
terest paying date thereafter on age assistance
allotment be in¬
bols the location and type of pro¬
creased in Arizona to $50 a month.
30 days' notice.
posed projects. In San Francisco,
Gov. Snell urged that all recipi¬
a
department store has displayed
San Jacinto River Conservation and ents of old
age assistance in Ore¬
a
city planning exhibit in its
Reclamation District (P. O.
gon receive the full $40 available.
show
windows*~«using materials
Conroe), Texas
Gov. Earl Warren recommended
supplied by/the chamber of com¬
Bond Sale—The $600,000 cou¬ an increase in the old age assis¬
merce ana the city planing com¬
tance allotment in California.
An
pon bonds offered Feb. 28—v. 161,
mission.
increase
from
$25
to
$30
per
p. 928—were awarded to a syn¬
The nation's press is playing no
dicate composed of Lee Higginson month in the Delaware allotment
was asked by Gov. Bacon.
little part in publicizing planning
Corp., and Paine, Webber, Jack¬
Gov.
Prentice Cooper recom¬ and, in many communities, help¬
son
& Curtis, both of Chicago;
The Dallas
that appropriations
for ing it get started.
George V. Rotan & Co., Houston; mended
Omaha
World - Herald;
Louis B.
Henry Investments of old age assistance in Tennessee News;
Dallas, and the First National be increased by $650,000 a year so Youngstown, O., Vindicator; Ro¬
Bank of Fort Worth, at a price of monthly benefits may be raised to chester, N. Y., Democrat-Chron¬
102.077, a basis of about 2.48%. $20.
Gov. Robert Kerr of Okla¬ icle; and many other newspapers
Sale consisted of: 6
homa recommended the legisla¬ sponsor and promote city plan¬
The
Louisville Courierture ask Congress to amend the ning.
$400,000
214 %
im p r o veme n't
national
Social Security law to Journal promoted the organization
bonds.
Due Dec. 1, as fol¬
of the Louisville Area Develop¬
lows: $75,000 in 1945 and 1946; provide that the first $240 annual
net earnings or income of eligible ment Association.
$80,000 in 1947, and $85,000 in
old people be exempted and not
1948 and 1949.
or
on
any
thereafter
and
a
•
Earl
taken into consideration in deter¬
Due Dec. 1, 1954.
the amount of assistance
they receive.
are
School District,
of
Co.
San
refunding
purchased $260,000 3%
Nov.
Dated
bonds.
1944.
1,
$1,000.
Due April 1,
as follows: $10,000 in 1946 to 1948,
$11,000 in 1949 to 1951, $12,000 in
1952 to 1954, $13,000 in 1955 to
1957, $14,000 in 1958 and 1959,
$15,000 in 1960 and 1961, $16,000
in 1962 and 1963, $17,000 in 1964,
and
$15,000 in 1965.
Principal
and interest payable at the State
office.
Treasurer's
These
in the opinion of counsel,
bonds,
the
in
of the
public.
This is the thesis of a report to
International
the
Managers
City
which
Association
that
asserts
is not an article for
post-war sale; it must be contin¬
uous and the help and support of
the public must be sought contin¬
uously."
legally binding ob¬
the District payable
f
taxes
limits
the
within
District
"•1
*"•"«"'»
y
'<f1
and
Bonds Voted—At
problems
San Jose and
Buffalo,
Philadel¬
an
of $160,000
election
on
approved an is¬
construction bonds.
UNITED STATES
'
>,
M
f
.'/t
c><
-
. i
>''•?
'
v
-
'
United States
Governors
Call
for
Retirement Plan—Governors of 15
recommended
state
old
the
or
age
increases
pension
in
allotments
establishment of state
em¬
ployee retirement plans in their
to legislatures now
1945 mesages
in session.
The
state
retirement
system
Would
give employees an assur¬
ance of security in old age com¬
parable to that already enjoyed by
Federal
Government
employees
and many employees of private
industry, according to the Council
of State Governments.
Governors
of
recommending
the
In
1945
are:
Gov. Sam C. Ford of Mont., re¬
tiring Gov. Prentice Cooper of
Tenn., Gov. Ralph Gates of Ind.,
with encourage¬
ment of the mayor, the Louisville
Area
Development
Association
was set up to coordinate all plan¬
ning work in the area, and the
needed
fund
NOTICE
IRVING TRUST COMPANY
March
1,1945
The Board of
per
par
and "due
1945
Aug.
28,
Directors has this day de¬
quarterly dividend of fifteen cents
share on the capital stock of this Company,
$10., payable April 2, 1945, to stockhold¬
of record at the close of business March
a
the
for
first
STEPHEN G. KENT
Secretary
-
therein.
Chapman & Cutler, of Chicago.
WASHINGTON
School Dist*
(P. O. Seattle), Wash.
No. 403
Offering—Carroll Carter,
Treasurer,
5 for the
receive
March
purchase of $645,000 not
3%
exceed
to
will
interest
school
1945.
De¬
nomination $1,000. Due May 1, as
follows: $38,000 in 1947, $39,000
in 1948, $40,000 in 1949, $41,000 in
1950, $43,000 in 1951, $44,000 in
1952, $45,000 in 1953, $46,000 in
1954, $48,000 in 1955, $49,000 in
1936, $51,000 in 1957. $52,000 in
1958, $54,000 in 1959, and $55,000
Dated
bonds.
May
1,
its extensive
for
the
termine
and
to
keep
progress
activities to
view
them
of
de¬
the
people
informed con
of the technical planning
program. One of the most success¬
ful methods of informing the pub¬
lic in Syracuse was a unique type
radio
a
programs
program,
noons.
A
"Syracuse
on
series of 17 half-hour
broadcast Sunday after¬
-
„
of securing
is found in High
Point, N. C., where the post-war
planning commission includes the
five members of the regular plan¬
ning commission and eight citi¬
zens selected by the mayor to rep¬
resent various groups; in addition,
the report said, an advisory com¬
uniques method
mittee
support
of
citizens
sug¬
sup¬
port aryd
groups.
about
75
reports back to
citizen
wef^as
Other bids
follows:
Rate Bid
Bidder
Blair &
105.14
__104.55
104.16
Co., Inc.„
Young, Moore & Co
Scott, Horner & Mason:
Arthur
Treasch
103.93
Co
&
103.66
Co.
Pohl
&
F. W.
Craigie & Co..
103.65
Citizens National Bank,
103.55
Martinsburg
Provident
bonds.
Interest rate
not
exceed
to
4%, payable A-O. De¬
$1,000.
Dated April 1, 1945.
Due on April 1 as follows: $5,000
in 1947 to
1950; $6,000, 1951 to
1955; $7,000, 1956 to 1960, and $8,000 in 1961 to 1965, all incl.
Re¬
deemable on or after April 1,
1949.
These bonds were approved
by the voters in November, 1944.
The approving opinion of Preston,
Thorgrimson, Turner, Horowitz &
Stephan of Seattle, will be fur¬
nom.
nished.
must
A certified check for 5%
accompany
be paid on presentation of
debentures for notation thereon of
such
of
the
Canada, in the Dominion limits.
*
MANITOBA
Winnipeg, Man.
A syndicate com¬
the Royal Securities
Corp., Canadian Bank of Com¬
merce, James Richardson & Co.,
and Cochran, Murray & Co., all of
posed
Wisconsin
(State of)
Forty-three Cities Participate in
Wisconsin
tion
Retirement
Municipal
lows:
;
$600,000 2s.
Due March 1, 1947.
1,120,000 2%s.
Due March 1,
1952.
All
•
March
Maturity—It is
now
It
that
estimated
is
approxi¬
municipalities
system,/ Cedar-
In addition to the
the
under
now
burg will participate beginning in
1946.
Other cities are planning to
future, the Applesubmitting the matter
at
the April
act in the near
ton council
referendum
a
election.
QUEBEC
Montreal, Que.
different
Three
the
adopting
of
methods
retirement
system
have been followed by the 43 par¬
municipalities.
In 37
villages a charter or¬
passed by the city
ticipating
Call—L.
Bond
tor of
city is calling for payment on May
1, 1945, $5,837,000 .2V2% series
A refunding debentures of the is¬
sue
of 1944, maturing on Nov. 1,
1945. The bonds will be redeemed
face
at
should
—V.
161,
1
follows: $500 in 1947 to
as
p.
824—are due
on
March
1958,
in
value
Canadian
cur¬
Bearers of such debentures
on or after May
1, 1945,
present them for payment at their
option, at the Bank of Montreal,
Canadienne Nationale,
the Banque
village board. Govern¬
Royal Bank of Canada, or the
Bank of Canada, lo¬
cated in the cities of Montreal,
ing bodies of two cities passed the
Toronto, Halifax, St. John, N. B.,
the proposal had
Quebec, Winnipeg or Vancouver.
Interest ceases on date called.
cities
and
dinance
council
was
or
been
referendum.
of the voters at a
Of
the
the
system
lowered
a
in 1944, 14 have had
rate
contribution
for
the manpower
Because of
1945.
shortage it has been the general
practice for municipalities to au¬
thorize employees over 65 years
age
to continue working,
and
comparatively
have
exercised
same reason
employees
Provincial
Quebec (Province of)
was
right to retire. During 1944,
individuals were granted re¬
tirement
annuities, ranging from
$11.25 to a high of $125
per month.
In 1944 death bene¬
fits were paid, in 23 cases, five
disability
annuities
were
ap¬
proved,
while
122
individuals
a
low of
withdrew their contributions after
terminating employment.
WYOMING
Alta Vista Sch. Dist. (P.
O. Chey¬
enne) Laramie County,
Wyo.
Bond Election—The issuance of
$600,000 in
construction bonds is
said to be scheduled for a vote at
election called for March 12.
—
First Boston Corporation, and as¬
new issue of $15,non-callable deben¬
1, 1950, priced at
value.
The flotation is the
public
offering
in
some
sociates,
000,000
of
2%
a
tures due March
par
first
months
of
a
Canadian
municipal
loan in the United States market.
The
their
65
Debentures Offered
Public offering
announced on Feb. 28 by the
for Investment
municipalities under
19
the
$15,000,000
debentures
will be
obligations of
Principal and semi¬
the province.
annual
interest
will
be
Canada
(Dominion of)
—
An issue of
$67,100,000 deposit certificates was
placed with the chartered banks
paid
in
United States dollars in New York
City
or,
at the option of holders,
Canadian
in
Montreal
or
dollars
in
Quebec,
Toronto.
Proceeds of the financing, to¬
gether with other funds of the
province, will be used to redeem
$15,000,000 outstanding 4V2% de¬
bentures due 1950, issued for road
construction, and callable begin¬
ning March 2, 1945.
A sinking
fund of $10,007,573 accumulated
on
the 4V2S will be transferred by
legislative act to the new deben¬
tures, and anual sinking fund ap¬
propriations of $360,180 will be
for
the
benefit
of
the
issue.
The group
includes
offering the securi¬
Harriman Ripley &
Co.; Smith, Barney & Co.; A. E.
Ames & Co., Inc.; Wood, Gundy
& Co., Inc.; Dominion Securities
Corp. and McLeod, Young, Weir,
ties
Certificates Sold
direct
unconditional
and
new
CANADA
$13,000 school bonds sold to
Fordyce & Co. of Portland, as 2s,
at a price of 100.89, as noted here
Roberge, Direc¬
Finance, announces that the
rency.
stated that
the
dated
are
Interest M-S
1, 1945.
reports.
33
(P. O. Yakima), Wash.
bonds
the
of
continued
Yakima County Sch. Dist, No.
—
of
Toronto, recently purchased $1,720,000 refunding bonds as fol-»
mately half of all the potentially
eligible employees in Wisconsin
cities and villages are now in¬
cluded under the plan.
to
of interest at any
Imperial Bank of
payment
branch
Bond Sale
an
the bid.
will
103.08
WISCONSIN
few
is
3%, in respect of the
ending March 1, 1945,
being at the rate of $15.00 and
$7.50 respectively, for each $1,000
and $500 denomination.
Interest
half-year
Alexander Brown & Sons--101.59
for the
ment
of)
Announced—
Payment
interest to holders of deben¬
Sept. 1, 1941,
pay
Cincinnati_l___103.13
Trust Co.,
of
15, by Mayor C. C. Tibbets, for
$125,000 improve¬
'
x
Savings Bank &
certified check for 5%.
the purchase of
ALBERTA
Alberta (Province
at the rate of
approved by the voters at an
advisory
referendum.
In four
cities the governing body formally
submitted the matter to a decision
County, N. Y., also covered the
metropolitan area and is notable
yield
1945
It is stated that the Province will
right to redeem any or all out¬
standing bonds at par on any in¬
terest payment date, in inverse
numerical order, on and after 5
years from date of issue. Principal
and interest payable at the Coun¬
ty Treasurer's office, or at the
fiscal agency of the State in New
York City.
The approving opin¬
ion of Preston, Thorgrimson, Tur¬
ner, Horowitz & Stephan, of Seat¬
tle, will be furnished. Enclose a
Bond Offering—Sealed bids will
be received until 8 p.m. on March
The
average
March 2,
tures which matured
ordinance after
was
weeks./
an
Dated
timore.
in 1960. The District reserves the
Longview, Wash.
at
0.368%.
and due June 1, 1945.
high bid of 105.53 was
made by Baker, Watts & Co., Bal¬
King County, Renton
two
gests ideas, promotes citizen
7, 1945.
property located
Legality approved by
the taxable
March
of
Interest
Second
brought under the Wisconsin mu¬
nicipal retirement fund on Jan.
1, 1945.
This makes a total of 43
cities participating in the system,
the American Municipal Associa¬
bonds,
Said
York.
New
City
1
on
$3,000 in 1971 to 1979 incl.
opinion of counsel, constitute di¬
rect general obligations of the
District, payable from- ad valorem
taxes which may be levied with¬
out limit as to rate or amount on
National
Treasury Bills Sold—An issue of
$65,000,000 Treasury bills was sold
due on Feb. 1 as follows:
are
Fund—Municipal employes of- 24
additional cities and villages were
the
at
oversubscribed in two
post-war planning
council of Syracuse and Onondago
years
citizen
ers
of about 100
representing
Louisville,
Trial,"
clared
leaders
labor-management relations, pub¬
retirement
DIVIDEND
re¬
government, business, labor, pro¬
fessional
and other groups;
the
council operates through a small
staff, assisted by panels of citi¬
zens, on public works, transporta¬
tion, needs of returning service¬
men; housing and blighted areas,
of
in
meeting
a
community
installment of the state employee
system
the
lic finance and taxation, etc.
Increased
Old Age Pensions, State Employee
states
was
*A-'
-
Dis¬
Feb. 10 the voters
J
\
$1,000 from 1947 to 1961 incl.;
$2,000 from 1962 to 1970 incl., and
Bank,
in the
able
sealed bids until 3 p.m. on
of Greater Cleveland
<
Utah
Dated Feb. 15, 1945.
Due Feb. 15, 1965.
Principal and interest (F-A) pay¬
County
sult
Vickery Independent School
trict, Texas
sue
27,
1945.
Canada (Dominion of)
161, p. 616—were awarded to
Fox, Reusch & Co., of Cincinnati,
at 108.66, a basis of about 1.51%.
The bonds are dated Feb. 1, 1945
ing bonds.
ning from the purely physical as¬
land, Syracuse, High Point, N. C.
' j'..- •'
i
"•
v.
Denom. $1,000.
terest has been extension of plan¬
levied
valorem
an
Bond
taxable property located
of
Dallas.
v
y*
•*;!'
VIRGINIA
WEST
of Chicago, has purchased
issue of $375,000 1%% refund¬
citizen in¬
One result of active
prescribed by law. Legality ap¬ phia,
by John D. McCall of •; The Post-War Planning Council
'
-
Martinsburg, W. Va.
Bond Sale—The $60,000 2% air¬
port bonds offered on Feb. 21—
Bank,
"planning
proved
i
recently, at 0.75% interest. Dated
Feb.
^
First National
Sale—The
Bond
all
in the area, the report
said in citing the work of agen¬
cies set up in Louisville, Cleve¬
ad
upon all
that comprehensive
learning
consti¬ pect to inclusion of all community
tute valid and
from
City officials
—
planning cannot succeed without
active participation and support
De¬
nomination
ligations
.v.w
.'•••'■
C. F. Cassell & Co
City School Dist.,
Salt Lake
age
Postwar Planning
are
Texas
Ranson-DaAntonio has
Sold—The
An old
dated Dec.
Independent
Tabasco Consolidated
UTAH
mining
pension system for
I, 1944, and are callable at any all the people of South Carolina
time after date of issue, on 30 was asked by Gov. Ransome J.
days' notice, at a price of 102 and Williams, Gov. Maurice J. Tobin
Mass.
recommended
further
accrued interest.
Second high bid of
of 101.18 was made by an account liberalization of laws regarding
headed by Stranahan, Harris & the care of aged citizens.
Co., Inc.
Citizen Help Necesary in Broad
All of the bonds
vidson
* u-'''
s.'
.
Bonds
$1,000 in 1959 to 1965, giving
basis of about 1.92%.
on
200,000 314% improvement bonds.
?
Monday, March 5, 1945
FINANCIAL CHRONICLE
THE COMMERCIAL' &
1040
Inc.
*
k';"
@FedFRASER