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ADM. BUS. LIBRARY MONDAY 7350 ISSUE Tk e and Financial Chronicle Reg. U. S. Pat. Office Volume Number 4887 171 New York, N. General RAILROAD Adams Commodity Co. The . of was B stock $1) (par at $10 no this six share per of amount capital subscriptions amount for from Jan. COMPANY—A its American Hoist & Derrick (as 5,000 speculation). a The directors shares Tnere officers class York New to stock E that $5,000 is 169,780.8 all will become subscriptions corporation payable subscribed will incorporated be In This Issue the within cancelled. primarily for Stock and Bond Quotations . the purpose of buying, selling (which includes short selling) and trading In commodities and commodity future contracts; also to provide a medium CAPITALIZATION—There stock shares of 25 and $1) (par stock (sold cash for 5,000 shares B stock shares of class 25,000 class A authorized are $10 at ently outstanding. class New York Stock Exchange share) are 9 Stock Exchange (Bonds) __21 Curb Cincinnati Corp. To — Bank Prepay or loan, due would clear sinking installments semi-annual in books the fund $125,000 indebtedness all of debentures.—V. of 171, with from 1, 1950, exception of the the voted stockholders Feb. on 14 1 stockholders to each three —V. 171, of record held. shares Scrip 21 authorized basis the on issued was i_31 Stock Exchange 32 Stock Toronto in of Exchange lieu of fractional & __.34 company shares RESULTS Total Net FOR DECEMBER ENDED YEAR sales Security 29 transferable •After after per NOTE—No comparisons with previous ■ years the at leaving working current liabilities end of was 3.6 1.—V. to —- profit after Fed. income & Net from Net rv. > Net Net from Dec. 31, '47 Reserve $9,691,932 $10,575,127 52,056 190,105 89,782 _40 P. has company for 100 Foundry Co.—Receives Order— Co., Chicago—Registers With received covered from hopper cars the of Gulf, Mobile 70-tons & capacity Ohio RR. each.—-V. company Insurance to incorporated was to Code in engage the Feb. 15, 1950, under the casualty insurance business. Illinois It has authorized by the Director of Insurance of the State of Illinois solicit subscriptions for its shares. It will not transact any business until certificate a of authority to transact business shall have been by the Director of Insurance According to the prospectus, the stock would be offered for sale at $2 per share. A commission of 10 cents per share is to be paid to M. A. Kern, of Palatine, 111., President of the company, "for his serv¬ ices in managing the sale of the shares offered. Mr. Kern and other American and directors may receive a salesman's commission on shares by them personally." Pending completion of the sale of the ii,000,000 shares, the proceeds from the sale (less 15%, which may be used for commission, promo¬ sold tinental funds Illinois there National will be Bank returned & to Trust each Co. deposited with the Con¬ of Chicago. From these subscriber 85% of the amount paid by him in the event that payments for all the shares and the organization of the company are not completed by Feb. 15, 1952. The prospectus further states that, if all the shares are sold and the full $2,000,000 paid therefor, and the sum of 20 cents per 10 cents per share will be paid to Kern share for expenses in connection with the promotion and organization of the company and the sale of its shares; and the company will thus receive net proceeds of $1,700,000, of which $1,000,000 will be stated capital and $700,000 will be paid-in surplus. Under the subscription agreement, only 15% of the proceeds may be expended until and unless the certificate of authority to transact busi¬ ness is issued by the Director of Insurance. Upon receipt of such a certificate, the company will use the $1,700,000 net proceeds to the casualty insurance business. Creosoting Co., Shoe Co.—Consolidates Louisville, American Encaustic Tiling Ky.—Calls company Canadian a consolidation of all assets —V. operations of its and into one corporation, the Dominion Brake Shoe wholly owned subsidiary, which has acquired the operating business of Joliette Steel Ltd. 170, p. 2013. and on 26 Jan. to the decrease capital from $36,- 170, p. 2581; V. 171, p. 1. operations before the acquisition of Franklin Tile Co., plus of operation after the acquisition. 1950 1949 1948 1947 $667,085 $686,261 $664,765 $602,113 from 91,280 131,148 87,476 ry. 99,875 57,742 21,129 112,911 50,350 one expansion of per share of stock common late in time (without The cost and in 1948. the stated. report approximately $825,000.—V. 170, The new facilities par shares value), convertible are to be offered Period End. Jan. 31— will ♦Sales 2125. p. Ramapo of Canada, Ltd. p, 845, into to common stock prior to July The corporation covering B of common on 100 class A stock Feb. shares purchase proceeds of a 4(a% stock (par $15), The filed 20 of common all to to are letter $15) be offered be machinery notification of preferred ,$tock (par used and to for and at (par 2,000 1950—3 Mos.—1949 by subsidiary companies.—V. 1.71, 1950—12 Mos.—1949 p. 846. for working of the St Louis Listed and Unlisted Securities 2,000 class No underwriting par. pay with $501, shares construction The proceeds bonds dated of Dec. the 1, Dovenmuehle, Inc., 1949, were issue recent placed used to Co.—V. 171, p. 553. ifjT of $400,000 Edward D. Jones & Co. of capital. privately effect a with merger first Established 1871 mortgage institutions 300 North 4th I V .. St., St. Louis 2, Missouri Members 43i% New Stock Exchange Exchange Chicago Board of Trade with Simpson Electric ! York Midwest Stock through , 15, company American Food Products, Inc., Colorado Springs, Colo. —Files With SEC— SEC to $45,545,084 $46,636,665 $144,056,893 $150,903,368 •As reported shares a com¬ and Associated Dry Goods Corp.—Quarterly Sales Lower— additional production for the peak demands fall, request 1980, employees, Including offi¬ cers, of the company and its subsidiaries. The subscription price is $20 per share. No underwriting is involved. Net proceeds of the stock sale are to be added to working capital. Some of the funds may be used for plant improvement and expansion, for the acquisition of addi¬ tional refining equipment, oil producing properties, transportation equipment, and for marketing facilities.—V, 171, p. 846. manufacturing to provide summer to sell, at 1958. month profit, after income taxes, for 1949 was $724,661, equal to $1.12 on 645,200 outstanding shares of common stock. This com¬ summer 171, p. 649. The company on Feb. 27 filed a registration statement with the SEC covering 50,000 shares of $1.20 cumulative convertible preferred stock facilities to provide 33% additional manufacturing capacity at the Lansdale, Pa., plant is under way. The new facilities, it is expected, will be in operation during the late of railway oper. income— Ashland Oil & Refining Co.—Registers With SEC— share pared with net profit of $1.11 An RR.—Earnings— railway SEC has given interested personos until March 13 hearing upon the proposal of this company to issue and petitive bidding, $25,000,000 of first mortgage bonds, due apply the proceeds to its construction program.—V. 171, Co., Inc.—Sales and Earn¬ acquired the business of Franklin Tile Co. on Dec. 1, 1948. during 1949 amounted to $4,543,750, compared with $2,436,752 for 1948. The latter figure represented sales during the 11 months of Net 1950—10 Mos.—1949 357. p. Appalachian Electric Power Co.—Hearing March 13—• Sales a Inc.—January Sales Off 3.8%— 1950—Month—1949 The ings at Record High— \ \ is Foundries—Changes in Capitalization voted Canadian subsidiaries Co., Ltd., the re¬ least $35,624,850 from American Gage & Machine Co.—Consolidation— announces ever at days after earlier.—V, 170, Net Pre¬ New high records in both sales and earnings were established in 1949 by this company, according to the annual report for the year ended Dec. 31, last, which covered the first full year of operation since the involved. Operations— The to 171, —V. buildings, Brake which of 90 or the of engage In American aircraft, not are capital 1950 30, Net outstanding shares of 7% cumulative preferred stock, $100, have been called for redemption on April l, next, at $105 share, plus accrued dividends of $1.77 per share. par officers will be stockholders Ann Arbor company issued tion, organization and other expenses) working June Inc. Lines, Export maintain to maximum $38,477,819 $40,015,555 $343,887,023 $352,717,974 Gross company on Feb. 27 filed a registration statement with the SEC covering 1,000,000 common shares, $1 par value. been Boeing January— The The last American expires its is on substantially the same an 171, 553. per Securities and Exchange Commission— i is reduced company that the subordinated loans from all of which has been retired.—V. —V. ferred Stock— Casualty and agreement Period End. Jan. 31— order 1947 $1,395,088 288,914 134,484 1948 $1,541,371 410,940 219,951 553. American the of Inc. company Sales This RR.—Earnings— 140,286 the The American Stores, American Car & and 40 84,655 income this except by retiring 22,608 common shares held in the treasury; to increase the resulting authorized 1,227,392 common shares to 1,500,000; and to eliminate from charter all reference to preferred 171,589 58,066 1949 $1,345,490 271,668 129,774 which agreement, American Steel stock, 124,261 1950 $1,308,610 298,754 plan 2014. 303,090 Auction Sales 43,901 railway receipt p. .40 the SEC with which 910,000 for merger of of $1), to 1947 1948 All All Banks under 1948 Airlines, and The 116,835 93,792 railway 1 40 40 Condition Statement of Member Banks of 553. 171, pp. Announcements the $3,500,000. $457,996 income oper. ry. —V. Dec. 24, '48 $490,986 Alabama Great Southern from Dividend statement (.par balance of 300.000 shares are to be publicly offered at Kidder, Peabody & Co., New York, underwriter. The estimated at $10,939,500, will be used to carry out the agreement as quired, Combined Condition Statement of Federal $360,489 January— Gross 39 Foreign Exchange Rates 1949 $445,727 railway p. Clearings stock pursuant the American Course of Bank Redemption Calls and Sinking Fund Notices—40 to Youngstown RR.— ■Earnings— railway oper. i71, assets registration a capital issuance borrowing from $12,000,000 to $10,000,000 The of assets $3,779,508, New 110,085 1950 The • Federal Reserve System Akron Canton —V. of current of for , terms 297. from ' ■ shares '' V V. American Overseas Airlines, Inc.—Bank Loans— '' \i General Corporation & Investment News.Cover the as 4 f' ' ! Inc. ^ proposed merger and for investment, purposes.—V. 171,"p, 845. IVi' Miscellaneous Features ' * '» 357. $5,397,836 taxes. January— Gross p. Dec. 24, '49 sales —V. 170, p. of 171, f (& Subs.)—Earnings— Months Ended— Net Net current liabilities The ratio ■ Co.; & through State and City Bond Offerings.—________-___44 current $9,721,385. Airline Foods Corp. 6 and 1949 capital of available are company started operating in January, 1949. The consolidated balance sheet showed total $13,500,893 ; $155 1,004,250 shares)--„— dividend retirements. preferred market 1,665,502 share ton Witter Dean are- 790,000 shares are reserved under the merger for non¬ rights, exercisable prior to June 1950 at the net asset Co., and proceeds, $31,029,546 taxes—, common value National Quotation Industrial Stock Averages.,29 .—.— income •Earnings Co. & and Wagenseller & Durst, reserved 30 1949 31, Peabody Feb. 3 filed on 2,000,000 are Stock and Bond Averages Affiliated Gas Equipment, Inc.—Earnings— Kidder Bateman, covering .30 (Dow-Jones) investment of Scbwabacher & Co.; Sutro &; Co.; Pacific Company of Calif¬ Eichler & Co.; Hill Richards & Co.; Crowell, Weeden Co.; Transactions New York Curb Exchange..,: 553. p. with Co.; Lester & Co. The ___38 Markets managed by Capital of the Fund's board ore consist Merger, Etc.— 35 Transactions New York Stock Exchange investments under supervision company Tully & Co.; William R. Staats Co.; J. Barth & Co.; Davies Mejia; Elworthy & Co.; First California Company; Irving Lundborg ornia; & Over-the-Counter for shares. & 34 Exchange the of Mitchum 34 Toronto Stock Exchange—Curb Section capital share one Stock company's Associated 33 Stock Exchange Offered—Initial Mutual Fund, Inc.—Shares Code. 32 Montreal A stock dividend was paid March Feb. on increase the to stock from $15,000,000 to $20,000,000. 30 ,-31 Exchange quarterly a Research Ss of directors. securities and cash which totaled $8,736,429 on Nov. 30, 1949. The company holds in its portfolio securities of more than 75 different companies. The company proposes to pay dividends quarterly to its share¬ holders and expects to meet the requirements of a "regulated invest¬ ment company" under the present provision of the Internal Revenue 30 Montreal Curb Exchange Aetna Life Insurance Co.—Pays 33y3% Stock Dividend The Exchange. San Francisco Jan. The Assets Stock Stock declared shares for each of tlia outstanding. also Management Co., __30 Pittsburgh Stock Exchange 101. p. Exchange. Philadelphia-Baltimore is said to be planning pre-payment in full in March long-term bank notes amounting to $1,500,000. The payment of the company now split of 2'/a type, was made by Kidder, Peabody & Co., on Feb. 28. 25 - Angeles Stock Exchange Midwest Loans— The Exchange Detroit Stock Exchange - Los Addressograph-Multigraph Stock Boston pres¬ \ , (Stocks) New York A of which $1), (par per ■ of shares directors American New York varying amounts trading purposes. Co.—Split-Up, Etc.— stock a public offering of 300,718 shares of this Fund, an invest¬ ment company of the general, open-end management Page which a number of individuals may subscribe in of capital to be consolidated into one account for through have voted dividend of 50 cents per share on the stock outstanding before the split, payable March 10 to stockholders of record March-1. A dividend of 25 cents per share was declared on stock to be outstanding after the split,. payable June 10 to stockholders of record June 1.—V. 168, p. 1793. with until business commence this amount is not If 1950, 18, determined have MISCELLANEOUS - The necessary to. subscribed is months INSURANCE - , PROCEEDS—Company officers minimum and through underwriting. no INDUSTRIAL - (N. Y.)—Stock Offered— offered January in company class Copy a Corporation and Investment News PUBLIC UTILITY - Price 75 Cents Y., Monday, March 6, 1950 New . York Curb Exchange (Associate) Phone CEntral Bell 7600 Teletype SL 593 2 Ry.—Earnings— Atchison Topeka & Santa Fe 1950 1949 1948 $36,425,779 $37,572,099 $39,685,963 Month of January— income Gross Net ry. Net * 4,425,158 ry. —V. fective— of the officers for the Illinois Northern Ry., recently pur¬ the Santa Fe, Chicago, Burlington & Quincy, Pennsylvania York Central railroads, was announced on Feb. 23. Illi¬ Northern is an important switching line which operates approxi¬ nois New Feucht, E. P. Minchin, President; H. B. H. G. vania directors The holders an Acquisition— to call oifer to a special meeting of stock¬ individual stockholders of shares of Atlas or $13 in cash of Alliance, O., of five shares of Alliance stock, small makes —V. 170, listing of of acceptance to $6.50 for income Net public re¬ debentures sold and of Earns, —V. 1,079,375 1,105,058 1,122,309 944,494 7,604,926 3,998,432 5,225,600 3,510,144 4,046,448 3,448,820 $1.30 $7.53 $6.48 $3.47 share, com. 1 358. p. Burlington-Rock Island RR.—Earnings— Net from Net the American stock to. repay borrowings from the American tu from Gross $25,000,000 25-year 3% Telephone & Telegraph Co. 1949 the company sold common per 171, 12,920,797 5,939,555 outstg. ry. railway •__ income___ oper. 1949 $329,635 54,410 5 977 *9,901 171, . 1947 1948 $312,472 *3,867 73,972 railway ♦Deficit.—V. which were made to finance the necessary expansion and improvement of the plant. Borrowing continued and at the end of the year totalled $4,900,000. ' 1950 $361,303 January— nearly 48%. or shares Common ; 23,887,711 3,980,396 dividends Common i,000,000 31,219,943 18,218,360 dividends Preferred telephone plant to ipeet the of expansion continued 16,927,781 5,000,000 . profit 11,577,111 29,171,473 14,875,343 taxes contings.__ for $ foreign, Fed., state & inc. before Approp. earned. $25,000,000 for motors totalling dividends paid company FINANCING—During and to approval of the SEC. Alliance phonographs, heaters and similar equipment. 2222. p. Profit Prov. the $573,048,000, additional shares Exchange Stock York New subject is offer The in 1948 to $135,932,000 $ s 288,161,509 216,960,514 141,544,445 65,391,416 41,815,492 24,497,908 263,497,942 taxes 33,093,703 sales Net Sept. 27,'47 Sept. 28,*46 Oct. 2, '48 Oct. 1, '49 $ the growth of increased 1986. p. Burlington Mills Corp. (& Subs.)—Earnings— quirements involved, during 1949, gross construction of $67,155,000, including reused materials, resulting in net additions of $47,179,000. These were clcse to the 1948 totals of $74,014,000 gross construction and $58,247,000 net additions. In the first four full years since the end of the war, the company has increased its telephone plant investment from $387,401,000 to share. per by Co. nine each for voted 17 making on Manufacturing stock Tack Feb. on vote to the business. 8.2%; from $125,628,000 168, 8%, Reduced dividends of $1.50 were paid in the first The Alliance is underwriter.—V. Fiscal Year End. or per share of three quarters of the year. The usual $2. dividend was earned and paid in the last quarter, the first time since the last quarter of 1947 that it had beer, Atlas Tack Corp.—Proposed Co. of Pennsylvania—Earnings, Etc.— increased from $154,876,000 to $167,212,000, revenues 1949 In stock. subsidiary. Stock corporation on Feb. 27 filed a registration statement with the SEC covering 100,000 shares of its capital stock. Calvin Bullock, New Bank in New York City.—V. 169, p. 374. of the Ltd.—Registers With SEC— Bullock Fund, The 1949. in Commerce Com¬ 7, from the International Harvester Co., a wholly owned Under the arrangement the Santa Fe acquired 51% of the and the Chicago, Burlington & Quincy 25%, with the Pennsyl¬ and New York Central each holding 12%.—V. 171, p. 554. Feb. mission 1, next, Gillen, President, on Jan. 26 said in part: 1949 Expenses purchased by the capital stock of the Illinois Northern Ry. was railroads under authorization of the Interstate four In reflecting The gold bonds, series C, at 105 and interest. 5% mortgage be made at any branch of the Bank of Montreal in (Yukon excepted), or, at the holder's option, in U. S. dollars, agency W. D. the officers elected were Fink, Secretary and Treasurer. Among _ The foundry, which will be completed in the spring, will cost approximately $1,400,000. The Gary plant, costing $7,000,000 will begin operation later this year. Payment for the new facilities will be made from current funds.—V. 171, p. 650. York, C. Jepson. A. first redemption on May called for Bell Telephone H. Minchin, and Rydin, E. S. Marsh, G. R. G. the at production the will Canada body components and a new foundry at the Red Lion plant for of grey iron castings, principally for automobile brake mobile drums. outstanding the been and tools were and 63 railway cars were delivered to Brazil. also reported on the company's recent expansion which includes a stamping plant in Gary, Ind., for the manufacture of auto¬ Telephone Co. of Canada—Bonds Called— Payment mately 11 miles of freight trackage, and maintains various terminal facilities in the Chicago Metropolitan area. The new board of directors consists of L. R. Capron, J. J. Brinkworth, 190,752 dies, manufacturers, European Budd Mr. 555. p. of All have by the and 171, 246,238 income___ oper. Bell Naming chased railway from Net 3,945,842 railway from Gross Net 4,357,543 2,106,540 of number a exported, 1947 $681,246 269,472 140,986 1948 $925,497 409,054 Illinois Northern Ry. Ef¬ Control of of Acquisition 2,473,614 4,049,076 income income..:, oper. 1949 $976,397 484,294 224,801 1950 i $959,128 534,159 January— from fees Beaumont Sour Lake & Western Ry.—Earnings— • Monday, March 6, 1950 FINANCIAL CHRONICLE THE COMMERCIAL & (946) . $272,411 54,188 57,698' *323 555. p. Telephone & Telegraph Co.' (Trustees of) and Kansas Educational Episcopal Church, Baldwin Baker University California Water & Telephone Co.—Registers With - , Association of the Methodist 171, —V. The 847. o. recently called for redemption on were 111.—V. Chicago, 170, Net 783. p. railway from 53,913 — ( * 176,018 ry. oper. income___ Deficit.—V. 171, p. 555. to 1947 1948 $1,034,378 *33,584 182,011 $1,240,948 Net ' - $833,406 *139,465 railway—_ from Gross 1949 19£>0 January— , and Erie RR.- -Earnings— V Bessemer & Lake March 1, 1950, $10,000 of first mortgage serial and sinking fund bonds dated Sept. 1, 1947 at par and interest. Payment is being made at the Continental Illinois National Bank & Trust Co., corporate trustee, 231 So. La Salle Street, There 113,411 through loans operating revenues Railway operating expenses, Railway — recently club This 1950, through called for redemption on March 1, The Net $3,000,137 fund, $5,000 of first mortgage 5% sinking fund due March 1, 1952 at par and interest. Payment will be made Harris Trust & Savings Bank, trustee, 115 West Monroe St., 929,827 2,819,091 Net the 1,116,702 railway operating income income after fixed charges Net share. Securities at ♦Deficit.—V. 171, p. 749. 1950 Month of January— 1950 $1,099,017 410,086 196.340 revenues..— oper. Net Net from rev. ry. oper. ry. oper. income income after fixed Net 1949 $1,289,283 468,538 245,272 1948 $1,470,034 557,294 304,744 200,371 259,897 126,358 charges —V. —V. 1947 $1,087,039 276,561 158,444 151,099 January— Ry. 1950 "__J_ income ♦Net share. per Dividends paid Net oil '___ paid Dividends crude Total share per a. (barrelsi__T produced payrolls __J : expenditures Capital (net). 14,273,691 $7.96 6,124,853 $3.00 12,036,622 6,512,004 16,333,494 $6.42 6,659,417 $3.00 11.533,581 6,306,656 15,106,820 $4.10 f 3,439,342 $1.55 10,312,286 5,063,880 9,953,514 10,244 11,933 14,519 1,477 1,347 Employees ♦On outstanding end stock 1948 total income and change in order to provide a William Dewey in part, as In The income company's was or $7.96 per share. in 1949 were affected by the following factors; (1) in¬ production; (2) a generally lower price structure; (3) a sub¬ stantial increased in operating charges and in depreciation due to the Earnings Brantford have in Kent County, northeast of Barnsdall's Scurry County wells, at a cost to Barnsdall of $3,200,000 in cash and $2,300,000 in oil payments. The Scurry County leases are considered largely proven production. While the Kent County acreage is wildcat, recent drilling by other operators nearby has made this large block an STOCK PURCHASES—During 1949 and through February 1950, when 518,407 shares of Barnsdall stock were reacquired at a total cost of $26,467,250, or an average cost of $51.05 per share. Included therein are the 75,000 shares obtained through discontinued, were of a call mentioned in the last annual report. As of March 1, 1,704,900 shares outstand¬ ing as compared with 1,865,800 shares on Dec. 31, 1949 and 2,223,307 shares the year previously. 1950, of treasury stock, there are exclusive under agreements dated Sept. 15, 1949, from The Prudential Insurance Co. of America and from The First National Bank of the City of New York, The Chase National Bank of the City of New York, Manufacturers Trust Co., New FINANCING—The company borrowed $40,000,000 First National Bank of Chicago, Security-First National Bank of Los Angeles, First National Eank & Trust Co., Tulsa, and National Bank of Tulsa. The loan is repayable in semi-annual instal¬ York; The ments of first 10 2%% $1,500,000 each April l and Oct. 1 commencing in 1950. The totaling $15,000,000 held by the banks carry a maturities interest rate; the balance of $25,000,000 held by the insurance carries a 3%% interest rate. The loan agreements provide, other things, that the amount of the loan outstanding shall not specified relationship to the company's proved developed crude oil reserves, that net working capital (excluding from current liabilities company among exceed a ■payments on the loan due within one year) shall be maintained at not less than $11,000,000, and that expenditures after June 30, 1949 for company's capital stock shall not exceed $25,000,000 plus an amount which, together with dividends paid, shall not exceed a specified portion of net income. (Since June 30, 1949, $20,311,756 has been expended for stock reacquisition.) reacquiring .. Co. about clients who own called for 353. p. of shares redemption on and accrued dividends.—V. ' 154. p. J591. underwriting Feb. 22 publicly headed syndicate, offered and by . - sold 200,000 ordinary shares (no par per share flat. This offering did not constitute new the company, and the proceeds from the sale of these share's; will not go into the treasury of the company.—V. 170, p. 879. value) $20 at financing by the STOCK—On Feb. 16. 1950 Atlas Corp.. than 40% of Barnsdall's capital stock, sold its shares SUNRAY PURCHASE OF ATLAS which owned more Floyd B. Odium at the same time resigned as as a director and was succeeded by C. H. Wright, President of Sunray Oil Corp., in both capacities. O. L. Johnston, George H. Howard and L. Boyd Hatch of Atlas Corp. also resigned as directors and were succeeded by Glenn J. Smith, L, W. Bennett and Edward Howell, all of whom are officers or directors of toJ:he Sunray Oil Corp. Chairman of the Board and Sunray.—V. 171, p. 847. Distillers of Vancouver Ltd.—Name Brewers & Ltd.. the and this company was changed to Western of The name Chang'd Oct. at V. 170, 1950 $10,225,049 ing to Charles Ward, Ry.—Earnings1949 $2,919,898 $3,072,267 $3,005,157 $2,591,435 233,427 315,545 294,746 *50,461 59,196 *2,673 64,122 *191,823 from from ry. income—. oper. ♦Deficit.—V. 171, p. 555. Calendar Years— 1949 $9,991,658 Profits— 1949 *" company covering Feb. on of shares 10,590 letter of notification with the SEC common stock (par $10) to be offered to filed 16 Feb. 24 offered to its stockholders of record Feb. 17, 10,590 shares of common stock at $28.25 per share. Right to subscribe expires on March 13. This is an offering of one share for each 14.3 shares now owned. Stockholders, in addition to receiving preemptive The company on will be entitled to subscribe to additional shares. rights, is not being underwritten. proceeds are to be used to The after per Dividends Profits taxes share. .—.— (prelerred and common) common reinvested in the business Working capital value Number of Number of per common The (average) largest sales by the company in 1,370,000 38,258,105 $11.15 25,337 20,613 26,290 Central RR. Co. of New Budd, Jr., President. "In our Railway Division," insurance, etc. Mr. Budd 81,237,624 13,825,910 said, "we completed 322 cars with 197 in the preceding year." railway disc brakes and highway truck trailers continued 011 a profitable and growing basis, he said. In the foreign field. Mr. Budd stated, business has been jnrreo singly during 1949, compared Production of plows, active The offering treasury from Net ry. Jersey—Earnings— 1950 from Net 1947 1948 $3,353,760 $3,257,578 $2,868,832 130,773 *53,462 155,899 *366,922 _ *596,663 *841,193 ♦506,634 income.. oper. 1949 $2,399,584 287,215 railway- railway ♦Deficit.—V. 171, 847. p. throughout the year. In addition to Pennsylvania—Earnings1950 receiving substantial license 1947 1948 $1,273,971 $1,592,260 $1,487,719 $1,464,308 railway oper. income.. 348,815 588,669 346,601 508,556 579,465 777,882 544,489 619,203 from Net ry. —V. 1949 railway- from Net 171, p. 847. Central States Electric Corp.—Preferred Stockholders* Group Files Amended Plan— A of committee Court District at .6% preferred stockholders has filed with the U. S. Richmond, Va., an amended plan for the company's reorganization, counsel for the committee announced on March 1. 20,879 76,642,159 10,104,557 and profits in its 37-year history were announced its annual report for 1949, according to Edward G. incl. wage taxes, group paid or accrued Payrolls, Taxes share shareholders—preferred and common employees • 870,000 46,157,670 $14.57 Long-term debt repaid Book reimburse the for amount additions to property, plant and equipment.—V. 171, p 847. spent for Gross 1948 i 266,633,612 219,583,651 15,038,116 9,329,864 $4.12 $2.48 3,148,477 2,279,368 11,889,639 7.050,496 the year for a stockholders. January— $ '* ■ Profit SEC— Central Ohio Light & Power Co.—Files With Central RR. Co. of Profit 1947 1948 1950 railway railway.. January— Gross 1950. Payment President.—V. 171, p. 462. Budd Co.—Has Record Sales and Sales Redemption— 2127. p. Central of Georgia Gross higher than last year, accord¬ January were 9.6% Orders received in large a Canada Breweries, Bigelow—January Sales Higher- Month of January— manufactured for redemption for the sinking fund on April 1, the stock (par $5) was increased from shares.—V. 171, p. 358. Sales will- be redemption price of 101%% and accrued interest will be made office of Dillon, Read & Co., paying agent in N. Y. City—• the at January— Brown & which aggregate principal amount of $750,000 of 3% debentures, due 1, 1965, has been drawn by lot by City Bank Farmers Trust Co., trustee, capital authorized 750,000 shares to 1,000,000 in factory Celanese Corp. of America—Partial An The Co., Ltd.—Stk. Sold new a and parts depot at San Leandro, Calif., and parts depots at City, Kan.; Atlanta, Ga.; Shreveport, La.; Albany, N. Y.; Min¬ neapolis, Minn.; Spokane, Wash., and Indianapolis, Ind.—V. 171, p. 847. \ A. E. Ames & Co., Ltd., on announces that it has acquired approximately 300 acres land near Joliet, 111., on -which it will immediately start of Kansas cumulative first preferred stock April 15, next, at $26.50 per share Brazilian Traction, Light & Power An Light Co.—Registers With SEC— on factory Co., Ltd.—Calls Preferred Stock— Cordage outstanding the been 171, for on portion of the company's extensive line of bulldozers, scrapers, wagons and rippers. In addition to its main plant at Peoria, 111., the company has a Net purchase. purchases exercise & , County leases and 27,075 acres attractive of All decrease (consummated early in 1950) of 983 acres of Scurry purchase Carreau paid and 200,000 Net $700,000 of bonds.—V. development campaign carried on during the year; (4) a large in local taxes; (5i additional interest expense of approxi¬ ACQUISITION OF WENTZ ACREAGE IN WEST TEXAS—At the end of 1949 Barnsdall and Seaboard Oil Co. of Delaware were negotiating the of company construction permitted to intervene as an independent bond¬ interest the in and holder bought Interstate Securities Corp. at $2 per share, less 12Va thus rounding out the capital to an even The proceeds are for improvements and construction, 469. p. of unimproved $1,120)." (about Kessel has been Mr. creased for In exchange for my claim $7.65. 1 offer. fails to adequately compensate they are asked to surrender. It represents only about 62% of their claim whereas I believe bond¬ holder's would be justified in demanding a minimum of 80% of the stock outstanding was substantially reduced during the mately $450,000 on account of bank loans; (6) a substantial in the provision required for Federal income taxes. Central Railroads are to file with the reorganization plan by March 9. The York opinion, this new offer still bondholders for the rights and claims "In If the stock in the hands of the public on Dec. 31. 1948 had been the same as at the end of 1949, net income for 1948 would have been increase New slightly improved their previous The proceeds will be used for plant, corporate purposes. shares of stock was Caterpillar Tractor Co.—To Build New Factory— changes in the amended have shares. 169, The company approximately $1,400 per bond representing claims of principal and accrued interest, they now propose to give $775 in cash; approximately 934 shares of common stock of New Haven; plus an additional small cash payment for rental to be paid by the New Haven. This offer is equivalent to between $850 to $860 per $1,000 bond based on current market prices for the New Haven stock. This compares with the pre: vious offer represented by a package of securities which would have had a workout value of about $800. year.- intensive and Haven the railroads tAn adjustment has been made as a result of the accounting $14,852,469, 32,068 / "New ICC fair comparison with 1949's figures. income to part: Loucks, President, on March 1, stated net letter 11,250 Feb. 23 filed a registration statement with the SEC shares of its common stock, without par value. Merrill Lynch, Pierce, Fenner & Beane and R. S. Dickson & Co., Inc., are named as the principal underwriters. The public offering price and underwriting terms are to be supplied by amendment. Net proceeds of the financing will be used to provide for construc¬ tion expenditures.—V. 171, p. 847. * • Research and ^vestment Department the New York. Stock Exchange) in a holders of first mortgage bonds on Feb. 17 said in Carreau circular follows: Barnsdall's 1349 of year. net $6,985,479 5,878,711 252,193 Kessel, Manager of the & Co. (members of C. M. of — Co.—Bondholder Objects to Plan— Boston Terminal 9,119,031 :_ Stockholders in ■ 1947 tl948 1949 > 14,852,469 1,398 income 1949 $6,562,159 5,513,282 185,699 *44,465 . 8, share commission, covering January— $37,641,907 $37,190,205 $25,131,037 income Total Net I, J general Carolina Power & Operating revenues Operating expenses Net railway operating income Income after fixed charges ♦Deficit.—V. 171, p. 462. (& Subs.)—Highlights of Report Years— —V. The RR.—Earnings— 4 Calendar _ and 1950 by per 150,000 1949 $6,039,348 ISO. 171, p. Boston & Maine 171, p. 650. Barnsdall Oil Co. $5,229,631 Sales' Bangor & Aroostook RR.—Earnings— 15, cents Inc.—January Sales Off 13.4%— Bond Stores, • pay and 2. 1950 on a pro rata basis at $2 per 1950. The underwriter is Interstate 25, March Charlotte, N. C. additional Feb. • expire Corp., equipment Feb. record of Rights An 111. Chicago, p. on 50,000 stockholders operation of the sinking $5,712,144 *838,443 operations railway from rev. proceeds are to be used to of extensions, additions cost part in Feb. 20 filed a letter of notification with the SEC shares of common stock (par $1) to be offered to company covering bonds, . The sale. deirav to Carolina Mountain Telephone Co.—Files With SEC— Club—Partial Redemption— Bob O'Link Golf ; and may be underwritten by Blyth & Co., amendment, negotiated and improvements during 1950.—V. 170, - 1949 $27,260,377 $31,485,618 24,260,240 25,773,474 1950 named by Inc., Baltimore & Ohio RR.—Earnings— January— 50,000 be bank $1,052,182 *128,907 290,587 SEC Feb. 23 filed a registration statement with the SEC on 35,000 shares of $1.25 cumulative preferred stock (par $25) shares of common stock (par $25). The underwriters are covering City, Kansas—Partial Redemption— f ■ company plan provides that holders of all classes of 6%> preferred stock receive for each old share the right to buy a unit consisting of The will eight shares of 4Va % income stock, except Williams one new and new common debentures for stock and $14 principal amount of new a package price of $18. The common for approximately 4,600,000 shares held by Harrison associates, would be offered the right to buy a unit of common share and $1.75 of new income debentures for a package price of $2.25 for each five common shares held. The plan to be paid outstanding would provides further for holders of the present 5% debentures in full with interest, and for the company to purchase the 5V2% debentures with interest. The 7% preferred stock undisturbed. Funds for the redempition of the 5% de- remain Volume Ventures 171 and the one-year bank 000, i it purchase loan from 5Va % of issue of Darien Corp. P. Morgan & Co. J. stock • debentures and would be raised by a be underwritten • Also by banking group headed by Hemphill Noyes, Graham, Co., Shields & Co., Blair, Rollins & Co., Drexel & Co. and Sterling Grace Co.—V. 171, p. 847. Parsons a both alternate Gross Net 99.772 from Net $732,000 107,600 36,693 63,728 1,824 "72,516 "49,022 Co. Gross Division intention no at FIRST MONTH 1950 from ry. railway railway OF in 1 to 15 * stock (par 100) in units of one share. preferred and two shares of common stock at $6 per (flat). This offer was limited solely to residents of of unit New York State. r YEAR 1945 $2,316,133 corporate 1948 $2,524,037 1947 $2,637,420 $2,503,134 116,396 171, 96,441 167,215 337.456 "206,933 "275,875 32,404 small loan to Houston, Texas. He states that the company making such a move and, on the contrary, intends substantial operations as well as its general offices Ohio—V. 170, p. 2434. Co.—January Sales Off 7.77 %— — of Number —V. of stores in 1946. ized shares The and amendments reduced Co. Inc., OF AS FEB. 1. 1950 which its (BEFORE conducts certificate FINANCING) Outstdg. 50,000 2,650 316,000 1,000,000 " Chanslor & Lyon-Palace Corp.—Personnel— The directors mann, tary, Vice-President; and R. Serving A. appointed the following officers: Bruce DohrThomas A. Walsh, Executive Vice-President; Roy President; Adams, F. Roy Robert Forrester, the on Walsh, The have board Adams, Dohrmann.—V. 171, Dohrmann, Treasurer of and directors Garret Vice-President The Secre¬ and company 1950, at held. Bruce Dohrmann, Thomas Charles Fay and Robert to proposes Co.—Registers With SEC— registration statement a common offer stock, $8.50 with the Clinchfield RR.—Earnings— SEC January— par. shares 498,666 of the stock Gross for to the rate additional of share one 58,000 of shares new the of Net the close of business March 15, stock for each five shares then The subscription offer will expire April 7, An stock to be offered for Net January— Net from Net ry. —V. railway—. 1947 $416,240 33,369 81,021 2,614 44,245 49,815 $429,270 $393,983 Net New Unadilla & York Public Telephone Service Feb. on authorized 9 Chenango $162,697, Valley and would company the Otselic be transferred for company not for not than more the financing January— Gross will be used to finance 1949 railway.— railway— $2,968,140 oper.: Income— from Net ry. —V. 1950 from Net more! $17,183. the earnings Earned per Dividends a —V. 171, p. 1948 1947 $3,049,231 $3,193,762 947,365 880,655 1,111,580 491,724 636,672 * Gross Net from from Net . 'The of 1947 income 1,457,243 551,466 - 2,520,598 3,130,288 Equipment to Be Submitted— on will company of until noon equipment instalments 15 over of March trust 8 receive certificates,- bids for an mature to in issue semi¬ The ICC 9 Kirksville to Green City, the to company abandon Mo.—V. 23.43 miles 171, p. 555. January— " from from Net ry. " ' 1950 1949 1948 1947 $1,321,328 $1,471,328 $1,398,278 170,929 268,967 118.071 "45,267 32,715 railway income— oper. "Deficit.—V. ' 80,737 & ' • . Chicago Milwaukee St. Paul & Pacific RR.—Earnings January— Gross 1950 from Net from Net ry. railway railway 1948 Inc.; Canada 701,141 526,681 2,034,807 3,623,504 "1,322,248 "335,504 1,477,161 "Deficit.—V. 171, p. 650. 1949, 23, for our i953 They annum. March and - from other At Life for Chicago & North Western Ry.—Equipment Trust Cer¬ tificates Offered—A group headed by Halsey, Stuart & Co. Inc., on March; 1 was awarded $7,065,000 21/4% equipment trust certificates dated April 1, 1950 and ma¬ turing annually from April 1, 1951 to 1965, inclusive. Is¬ sued under the Philadelphia Plan, the certificates were reoffered by the group at prices to yield from 1.35% to to working capital. Canadian in of Prudential Insurance Co. Co. On at Dec. of The capital the series America price of $100 per. share, 1949, the corporation bor¬ $50,000,000 on its 3.40% notes, are subordinated to all debt amounted to the $254,860,000, corporation and debt proposals: 99.142; Halsey, Stuart & Co. Inc., 99.437; Harris, Hall & Co. (Inc.), Ripley & Co., Inc. and Lehman Brothers (jointly), Harriman and Salomon Bros. The certificates standard-gauge Diesel electric units; eight tric will "A" & be freight Diesel electric switching locomotives, Other Hutzler, 99.094, all for 2s. issued to provide for the equipment, estimated to cost units; four Diesel electric railroad following roadswitching locomotives; 12 and three coaches—rail Diesel Consolidated net income of the the highest ings, after in its share common Deferred was with $4.57 of for 1949 was with preference the backlog in $17,071,475 in stock, were equal to F. members G. Yantis S. pared per 1948. future gross —V. FOR January— Gross from Net ry. MONTH 1950 from Net FIRST railway— oper. 1949 1948 1947 785,349 171, p. 436,263 1,474,940 "605,085 income— "668,788 "1,844,323 "1,068,776 143,356 CONSOLIDATED January— service, Interest Gross from Net'-from Net ' railway— oper. income ry. —V. railway 171, . 1943 Omaha Ry.—Equip¬ Offered—Harris, Hall & Co., Inc., Equitable Securities Corp. were awarded at and Commercial and Financial Chronicle (Reg. U. S. Patent Office) that the be to and stock. of FOR $129,185,226 dividends Total received income expenses Interest on on "Provision current intends, subject to value of the of such new sale to be special a market sell Dana offices: 135 as S. second-class Seibert, La Salle matter by con¬ initial an stock.'' used cumu¬ approved favorable preferred will at the of Is' now increase to the It from March on a or new cumulative the 171, p. 30 will consider authorizing the creation cumulative preferred redemption and preferred stock certificate of stock retirement to incorporation of (par $100), and presently out¬ the eliminate and the all references authorized capi¬ 750. Net , 48,521 Alexander have been 366.318 income dividends per on common shs. common stock outstdg viously provided for losses of and Mr. 21,048,486 14,250,382 6,870,211 4,711,046 5,531,650 3,203,850 3,483,333 1,399,658 9,845,000 3,796,919 is B. Dana per of the company) Nelson Mr. for a period and of Samson two Selig years. Mr. Corp., of Daniroea, and a Ltd.; director p. Chairman of of the the Molybdenum Elec¬ Corp. of 359. Stock of New Unit— Directors, Feb. on of $26,232,673 $17,071,475 1,833.334 700,000 common of Consolidated, 11,638,081 3,580,948 8,057,133 3,580,948 but $7,282,086 . stock 13, in lieu Floyd payable thereof B. solidated its interests in its of March 31. at the cash a Inc., dividend for record No rate of each at fractional of $4.50 one-tenth share the per of close of a common of share stock business shares will share will be be on issued paid. Chairman of Convair, said that on Feb. 23 Con¬ to Airfleets, Inc., its wholly-owned subsidiary, property at Vultee Field, Downey, Calif.; the Stinson transferred at Wayne, Mich.; 85 Stinson planes and spare parts, notes of Aircraft "Corp. having an unpaid balance due of approximately 100,000 shares of the common stock of Piper, 15 ConvairLiner commercial transport planes and $75,000 in cash. Mr. Odium said Convair's book value for the foregoing assets was - Piper $116,000, now 1963 Airfleets, holders Odium, 7,161,896 plant declared 24 of to 3,580,948 Airfleets Called— company is notifying holders of its 5% gold debentures due 1, 1963, that all of these debentures have been called for on May 1, 1950, at 103% and accrued interest'. Holders may obtain immediate payment of the full redemption price at the Central Hanover Bank & Trust Co., New York, N. Y—V. 171 p. 750. William to President Chemicals approximately The M. Production Consolidated Vultee Aircraft Corp.—To Pay Dividend in 1,465 Cities Service Co.—Bonds due redemption (co-founders America, and Spiegel, Inc.—V. 171, required and after providing all reserves financing and factoring companies.—V. 170, p. 2127. Nov. Inc.—Donald War by Boris Pregel transferred Nelson tron ized share not the company. $6.81 $4.57 $2.03 "After reduction by excess reserves of $789,186 in 1948 and $234,06.5 1947 provided in prior years, tlncluding recoveries of reserves pre¬ . of of $131,077,940 $96,921,365 $62,623,409 43,738,194 39,941,421 32,589,232 . preference stock Mines, Chairman Selig is Secretary of the company. The shares constitute approximately 32% of the 1,057,785 shares outstanding on Feb. 14. Boris Pregel was President and Alexander Pregel, Vice-President and Treasurer 567,537 March on former $1.25 2,139.608 406,789 directors' quali¬ subsidiaries Number of common in 1,504,174' of consolidated Nelson, share, the present public offering price. The option may be exercised at any time up to two years from the date of the option agreement. Voting rights on the 344,280 shares of common stock owned 1947 §94,961,881 $59,549,945 18,395,000 taxes Cash divs. Cash YEARS 1948 Canadian & M. 99,817 indebtedness. Federal 191. Board former Assistant to the President of the United States, has been elected President, Treasurer and a director of this corporation. Richard J. Reynolds, industrialist of Winston-Salem, N. C., was elected VicePresident and a director, and Joseph B. Keenan, formerly Assistant to the Attorney General of the United States, was elected a director. None of the new officers and directors will receive any remuneration for their services until such time as mining operations show a profit. However, Mr. Nelson will receive an option from the company, entitling him to purchase up to 60,000 shares of common stock at and 30,889,906 indebtedness.^ non-curr. for „ on ten by insurance subsidiaries Investment expenses Interest CALENDAR • / pres¬ charter fully underwriting, arrangements, par the proposed fleets' its $8,500,000 notes common The * he added. After Vultee slightly p. 191. payment will and that in return, Convair received from $6,825,000 and 235,000 shares of Air¬ dividend was declared out of this aggregating stock. of stock, this dividend, Mr. Odium stated, Consolidated approximately 5,300 shares of Airfleets' stock, being than 2% of the outstanding stock of Airfleets.—V. 171, own more Company, Publishers, 25 Park Place, New York 8, N. President; William D. Riggs, Business Y.f REctor 2-9570. Herbert D. Seibert, Editor and Publisher: Manager. Published twice a week [every Thursday (general news and St., Chicago 3, 111 advertising Issue) with a statistical issue on (Telephone State 0613); 1 Drapers' Monday]. Other Gardens, London, E. C., England, c/o Edwards & Smith. February 25, 1942, at the post office at New York. N Y Copyright 1950 by William B. Dana Company. Reentered under the Act of M arch 3. 1879. American Union, $35.00 per year; Subscriptions in United States, U. S. Possessions, Territories and Members In Dominion of Canada, $38.00 per of Pan* year. Other Countries, $42.00 per year. NOTE: On account (f the fluctuations in the rates of exchange, remittance for foreign subscriptions and advertisements must be made in New York funds. / William its cumulative eliminate This effective until completion all the outstanding shares of 3.60% proceeds stockholders Donald com¬ — com¬ petitive sale on March. 1 a new issue of $915,000 2% equipment, trust certificates, dated April 1, 1950. These certificates were awarded on a bid of 99.07. Subject to approval of the Interstate Commerce Commission, the certificates were reoffered at prices to yield from 1.40% The ACCOUNT —1,705,662 profits realized on sales of sees. Drl77,647 Miscellaneous income 364,699 Earnings ment Trust Certificates and earned securities 1947 $13,542,243 $14,389,395 $15,175,731 $14,036,404 2,786,384 3,234,614 3,181,230 " 3,855,521 735,808 1,099,653 1,059,547 1,802,674 St. Paul Minneapolis & INCOME premiums Minority interest fying shares of 555. P. Chicago and 1949 SEO of for and Net income 1950 preferred Caribou Silver Nelson Elected President— in 1948. 1949 fNet 750. Chicago Rock Island & Pacific RR.—Earnings— used Consolidated com¬ Dietz, President, commented in the report as follows: December 31, 1949, our total capital and surplus was $180,649,833. The financial position of the corporation is strong and the port¬ folio of receivables is in prime condition. Consolidated net earnings in 1949 were greater than any previous year and the outlook for 1950 continues to be excellent." Claims incurred under policies writ¬ YEAR $12,819,906 $13,503,768 $14,262,673 $13,297,667 railway '"Deficit.—V. OF $3,308,705,983 with $3,226,058,169 Operating EARNINGS not board $25,000,000 171, p. record a "At Co. & all The Arthur O. missions Lee 1950, City Bank Farmers Trust Co., New York, is now prepared to accept temporary 3% sinking fund debentures due April 1, 1999, to be exchanged for definitive debentures bearing interest coupons due April 1, 1950, if in bearer form. The exchange will be on a number for number basis which will require at least 48 hours for completion. Earn¬ $6.81 $732,135,458 at the end of 1948. Combined volume of receivables purchased by these subsidiaries during 1949 was cars. of the offering group were R. W. Pressprich & Co.; Becker & Co. Inc.; Gregory & Son, Inc.; Hornblower & Weeks; Higginson Corp.; Otis & Co.; L. F. Rothschild & Co.; First of Michigan Corp.; Freeman & Co.; Wm, E. Pollock & Co. Inc.; Julien Collins & Co.; McMaster Hutchinson & Co.; Mullaney, Wells & Co., and A. April, Commonwealth Edison Co.—Definitive Debs. Ready— $26,232,673, 1948. figure in the corporation's 42-year history. Financing and factoring subsidiaries of the corporation had receiv¬ outstanding at Dec. 31, 1949/of $834,409,673, which compares 30 elec¬ will satisfactory conversion thereto earnings, increased to 31, 1949, compared with $71,024,613 a year earlier. Dec. on corporation compared the on compared income, $103,086,992 This also history, dividends passenger Diesel not shares, $100 par) cumulative 500,000 shares of Reports Record Earnings— new $8,846,878: "A" of tal.—V. with 99.0713; but or standing 3.60% $333,263,890. was (500,000 which and The of was current in working capital of the company, to be used for the purchase of receiv¬ ables in the ordinary course of its financing activities or advanced to or invested in subsidiaries for such purposes or other purposes related to their businesses. serial a. of stock stockholders, the ditions 15, surplus reserved authorized upon and registration statement with the stock, $10 par. redemption conversion. The public price and underwriting commissions on these shares are to disclosed by amendment. After the expiration of the conversion right, the only right .of such holders who do not convert "is to receive the redemption price of $105.50 for each share" of preferred stock held. The directors have voted to authorize a new companies, 1969. stock common intended cumulative for cumulative preferred stock (249,842 shares outstanding Dec. 31, is convertible into 1% shares of common prior to the close of business on an unspecified date in April. Underwriters headed by Kidder, Peabody & Co. and The First Boston Corp. have agreed to purchase from the company such of the shares of- ' common called redemption of lative preferred stock, is to be voted upon by stockholders meeting to be held March 30, 1950. If the amendment is funds. no-par of shares has 1949), each share of which conversion ables Interstate Commerce Commission. Md.—Registers stock amendment, Brothers.- $4 427,943 company a ' 2.50%, according to maturity, subject to approval of the Also for l-to-15 year certificates, competing bids were received as fol¬ lows: Harris, Hall & Co., Inc., 99.0713; Harriman Ripley & Co., Inc. and Lehman Brothers (jointly) 99.1143; and Salomon Bros. & Hutzler, 99.0966, all for a 2)4% coupon. For alternate bids on the same cer¬ tificates maturing in l-to-10 years, the road received the following Baltimore, filed class corporation. the money to The insurance the term borrowed Co., 24 3.60% ently funds was borrowed in country. These notes^ maturing interest ranging from 2V*% to 2Va% in company on Feb. preferred Canadian bear capital. due of 1949, $180,649,833; Lehman in Insurance same notes 31, Credit r offering that payable sold were the liabilities Dec. 1954, are., Metropolitan subordinated and in 19491,l: 200,000 shares 16, preference stock rowed. group of • be debentures, due in 1959, were underwriters headed by Dillon, Read $5,000,000 operations during 1952, and a Kuhn, Loeb & Co., Aug. adding $20,000,000 1947 "1,083,057 income— oper. 1949 $16,682,704 $18,461,137 $19,398,327 $17,608,765 . 1, 1950, and the loan agreement /was also signed with a publicly through Co. ,On On ' 1 1949, $50,000,000 of 2%% per "71,318 171, p. 650. to , Life $1,177,315 106,330 railway March 011 $3.26 $2.00 holders The Insurance Co. whereby the corporation, or before April 1, 1950, will borrow $25,000,000 due April 1, 1965, at 2%% per annum. April 19, $3.51 $2.00 share common March covering - on sold ' Gross 1950, York On Chicago Indianapolis & Louisville Ry.—Earnings— Net Equitable Life which is due On Feb. 9, Feb. authorized which this corporation, on March 1, 1950, borrowed $75,000,000, due March 1, 1955, at 2^2% per annum. Of this amount $50,000,000 will be used to pay the note held by New from on branch line a remaining $25,000,000 will be added years. Abandonment Approved— of 1950, per 1948 750, With SEC— Corp.—Arranges Private Loans—On loan agreement was signed with the Equitable Life Assurance Society of the United States under Feb. 9, share common paid Commercial 555. C. I. T. Financial 1948 - , railway.— $16,175,878 $16,530,188 $19,064,900 $17,453,340 3,950,873 ' 2,588,223 5,822,702 6,348.287 $10,200,000 annual 1949 railway oper. ry. Bids 1950 1949 $168,558,369 $169,202,900 2,554,494 2,356,370 ^ of 4)4%' series cumulative preferred shares were to 3 on a proposal to authorize the company to extend to 31, 1953, enlarged unsecured Indebtedness In excess of the limitation contained in the articles of Incorporation.—V. 170, p. 660. 455,323 $2,745,880 . Chicago Burlington & Quincy RR.—Earnings— 755,003 March • The January— 526,185 Columbus & Southern Ohio Electric Co.—To Incr. Debt vote 827,619 507,439 u 171, p. Th? to purchase Chenango Valley Telephone Co. and Otselic Tele¬ phone Corp., which serve about 2,700 stations in Broome, Chenango and Madison Counties, N. Y. The of Cincinnati New Orleans & Texas Pacific Ry.—Earnings company than Net portion of the company's construction program, estimated to involve expendi- ' tures of $16,401,000 in 1950 and $18,052,000 in 1951.—V. 171, p. 3. Corp.—Acquisitions Commission proceeds 345,199 555. p. Sales remaining 40,000 shares cover shares which may be acquired by the company in its stabilization of the market price of the stock. 84,515 48,611 836,070 " Year Ended Dec. 31— (The 555. p. Chenango The 1948 $386,017 90,278 railway income... oper. 171, Ry.—Earnings- 1949 1950 from 1947 $1,605,091 628.830 income— oper. 171, 1948 $1,712,160 443,525 Colonial Stores Inc.—Earnings Higher— Union The Gross ry. 1949 $1,427,446 598,292 506,509 railway railway sale employees the Charleston & Western Carolina 1950 $1,518,194 from from —V. 1950. are (including officers) of the company and its subsidiary, Light, Heat & Power Co. offering price of the stock is to be filed by amendment, the price both to stockholders and employees to be the same. No under¬ writing is involved. 750. p. on 596,666 subscription by stockholders of record at Controller. are: McEnerndy ir, Feb, 24 filed shares of its company covering of Authorized Preferred stock (par value $4) Common stock (par value 10 cents) Electric ' par value of its author¬ authorized shares. its 51 171, p. 190. Cincinnati Gas & other Owns all of the issued and the changed and reclassified CAPITALIZATION $1,631,862 52 operation for and Its charter is perpetual corporation to invest in se¬ 1949 $1,505,005 capital | 14, 1950, Citizens Discount Corp. amended . Mill working Nov. business. January, incorporation. * 1950 expand among other powers, authorizes the curities and in commercial paper generally. In Childs to and, a Month of January— Sales used outstanding capital stock of Citizens Finance 750. p. be purposes. CORPORATION—Incorporated "187,138 income— oper. "Deficit—V. very Hamilton, maturing for 2V2S. FOR from Net 555. Thomson, Vice-President in charge of public relations, describes as completely unfounded the recent rumor that the com¬ pany is moving its general offices and all the facilities of the Hamilton maintain certificates same • common PROCEEDS—To J. (Ohio) 99.328 January— Champion Paper & Fibre Co.—Denies Move to Houston to the on EARNINGS Net has shares of * oper. Dwight Inc., $760,432 "1,133 income "Deficit.—V. 171, p. ry. $786,000 109,982 railway— railway Citizens Discount Corp. (N. Y.)—Stocks Offered—The corporation in February publicly offered 47,350 shares 6% cumulative preferred stock (par $4) and 94,700 1947 $771,000 from bids following bids were received: Harris, Hall & Co. (Inc.), for 2%s; Salomon Bros. & Hutzler, 98.187 for 2%s; and Halsey, 3 (947) - of the Stuart & 1948 1, 1951, at 2.40% for the April 2VaS. for For Central Vermont Ry. Inc.—Earnings— 1949 CHRONICLE for years, 1950 FINANCIAL l-to-10-year certificates, the competing bids were received follows: Salomon Bros. & Hutzler, 99.305; and Halsey, Stuart, 99.013, as & January— & 1, 1960 maturity. >• would COMMERCIAL for those maturing April Incorporated, of $11,737,- . new and THE debentures stated. was The Number 4887 ' 4 THE (948) Delaware & Hudson RR. Corp.—Earnings— January— Gross railway railway.. from Net Net $4,127,354 1947 1948 880,642 $4,302,754 405,524 438,532 income oper. ry. —V. 1949 1950 from 137,445 $4,505,314 829,989 375,733 ' 171, p. 556. Delaware Lackawanna & Western RR.—Earnings— 1950 from Net from Net ry. railway railway 1947 1948 $5,761,165 761,877 $6,970,432 $6,939,578 $6,345,669 1,194,442 1,060,372 1,182,415 301,295 534,431 386,002 486,733 income oper, -rV,. 171, 1S49 556. p. Delaware Power & Light Co.- -Plans Offering to mon Stockholders— The directors shares mon Feb. on the to Com- 24 approved the sale of stockholders 232,520 additional com¬ employees to finance part of the and system's 1950 construction program. Common stockholders of record April 5 will receive rights to subscribe to one new share for each six shares held. Shares not taken by the stockholders to up will stockholders The the be maximum a or company's employees and officials, shares each. And shares not purchased by offered 150 of employees subscription directors at for each will sold be underwriters. to from from Net ry. —V. $5,306,075 $4,329,643 1,019,332 1,563,277 639,497 income oper. 1947 1948 1949 $5,166,081 743,483 railway railway 379,152 539,879 314,006 1,015,370 series due 1969. Co.—Annual Report—The income ac¬ with remarks made by Prentiss M. Brown, Chairman, will be found in the "Chronicle" of Feb. 20, page 751. CONSOLIDATED BALANCE SHEET, $ __I 7,264,562 receivable accounts Instalment subscriptions — to debentures conv. and profits excess Miscellaneous Unamort. 18,653,241 292,428 Federal income 4,100,000 (less premiums) debs._ conv. on 4,100,000 3,544,039 223,213 3,579,471 247,085 and Elder & 529,156,908 489,333,601 LIABILITIES— • , used finance to Capital stock outstanding (par $20 a share) 153,544,840 139,925,560 Cap. stk. held for scrip, ctfs. outstdg. (1,526 shs.) 23,040 Premium on capital stock— 763,517 763,517 General and Refunding Mortgage Bonds: separately. not construction 3Vzc/o, due Sept. 1, 1966 35,000,000 Series H, 3 %, due Dec. 1, 1970 Series I, 2%%, due Sept. 1, 1982 3% convertible debentures 50,000,000 2Vz% notes, due Accounts payable Accrued property vision on 1, 60,000,000 46,641,400 1959 Co., also 154,221 shares of March 3 placed on ! taxes, funded and unfunded and from the of Lobelville include 12,336,417 1,622,962 178,677 2,303,173 2,098,882 279,323 pro¬ taxes debt Miscellaneous accruals Dividend declared payable in following January deposits— Customers' 275,606 Deposits by employees for U. S. Savings BondsMiscellaneous Retirement (depreciation) Reserve for amortization Res. amortiz. for Unadjusted Earned adjusts. 96,283 reserve 27,647,762 3,258,236 reserves 991,888 credits surplus — Net NOTE—The determine cost.—V. 171, p. which at amounts and other properties utility are it no in April, 1947. communities The completed already Has Ridge portion long-term and Gross from Net from Net ry. —V. 1949 1950 railway $1,494,661 $1,624,230 $1,309,466 652,244 853,494 582,283 330,107 463,730 319,748 railway income— oper. 1947 $1,276,023 643,653 342,257 1948 171, p. 556. of the to contract Carleton & S. Feb. filed 20 shares of President, Smith, letter a for Co., Detroit, undei writers.—V. of stock common $12 per 170, p. notification (par share $1) to to R, C. its contract to in industries with the middle in and & Iron Range January— Gross from Net from Knoxville, the 1697. the of —V. Net ry. $203,872 $185,120 $158,526 $168,455 "1,542,780 "1,104,794 *941,609 "1,543,032 income oper. "1,641,894 *1,214,096 "1,029,293 "Deficit.—V. 171, p. 660. 1950 authorized area, Nov. 15, 1949, well as for as modified in the of (1) these of cost raise to proposes $6,750,000 facilities in the first is estimated at the through the funds '■ mortgage pipeline The company plans to 100% of the principal delivery to Insurance Life the units, each of and consisting of stock 5.2% a to are interim be Fire The Tebbets plant is and other wood items. Benjamin said the A. loss of Ekco Vice-President insurance.—V. and 170, Gross from ry. railway railway from 1949 1950 oper. Treasurer, 1948 Gross from Net from Net ry. 15,454 railway railway income— oper. "Deficit.—V. 171, *57,649 *15,251 $273,000 p. 1947 $297,200 74,357 15,216 1948 $372,500 97,784 *21,192 Gross $3,553,932 $3,164,694 1,673,309 1,145,414 666,278 713,777 353,069 475,263 from Net ry. Elkhorn Mining Co., Boulder, Mont.—Files With SEC— SEC of with notification 660. Offered—White, Gas Co.—Notes Weld & Co. and and ' Feb. on the Board, unit consists of a associates on 5.20% 115,200 shares of common stock. Each $25 interim note, Series C, due April 1, 1951, and six-tenths of a share of common stock. The offering price per unit is $26.25 plus accrued interest on the notes. Other members of the group are 1949 1948 $2,905,448 $3,056,901 $3,105,022 757,071 691,424 855,285 1,010,361. 417,507 400,836 467,234 562,318 1947 Ry.—Earnings— 1949 1948 1947 $1,445,285 $1,064,605 $1,236,200 $982,264 551.490 115,109 299,510 206,933 283,839 Earle W. 20,913 137,224 121,343 Mills, U. S. 1950. 27, David (retired) Navy elected Presi¬ was McCulloch, formerly Vice-Chairman of elected Chairman of the< Board. was Harry Sanford Brown, died suddenly on Feb. formerly Chairman of the Board and President, 18, while on a voyage to South America. Vice-Admiral V. in Wheeler 1949 Vice-President Executive as and Mills joined director.— a 171, p. 695. General Fireproofing stockholders stock. mon Co.—Proposed Stock Split— March on Under will 27 vote on to split the com¬ plan a this proposal, 500,000 authorized no par shares would be replaced by 1,000,000 $5 par shares. There are 323,682 com¬ mon shares now outstanding.—V. 170, p. 397. the corporation prices The of and its 24 announced passenger of to $40 Cars and reduction in. trucks. and cars $10 a reductions, of announcement to Feb. on of all price be effective immediately, coincided with the downward adjustment in the cost-of-living allow¬ the corporation's approximately 362,000 eligible a paid and salary employees during the months of March, April May. ,It the was third reduced downward share. No underwriting involved. The proceeds are to develop and operate mining property.—V. 168, p. 2323. • be On Feb. nounced Interstate Commerce Commission acquisition of control of this ownership of bonds.—V. company 171, Feb. on authorized 16 time prices to trend 1949, 25, coincident writhin the and that General Motors savings resulting from living. 1949, price reductions 23, May similar year customers of cost on with last the along to pass in downward were an¬ adjustments in the cost-of- General Public Service Corp.—To Increase Stock—Of¬ the by the Pennsylvania RR. through fering Expected— 103. p. The stockholders 10-cent Emery Air Freight Corp.—Stock Offered— In February an offering of 500 shares of common stock (par 20c) by an individual stockholder through Gillen & Co., New York, at market (about $2.50 per share).—V. 169, p. 204. was made The company on March 2 covering par filed filed registration statement with the FEC a unspecified number of an value, offering price and shares its of underwriting stock. common terms tne of issue The are to by amendment. the sale. Philadelphia Co., which will receive all of Earlier last week the Standard par Gas Elec¬ & headed new 17 F. S. Mose- will common Negotiations have vote stock been March from 6 on 1,000,000 entered by Stone & Webster Securities Corp. common the with The shares, according to a proposal a to 2,500,000 to with into an for the registration increase the shares. underwriting sale of statement group $1,250,000 filed Feb* SEC. stockholders are also to vote change in borrowing policy, so as to reserve freedom of action to borrow money to extent deemed advisable by the directors under prevailing economic conditions, sub¬ ject to requirement of the Investment Company Act of 1940 that im¬ on mediately after obtaining any loan for existing senior securities have asset an coverage of being made from intended to be a a purpose other than refunding representing indebtedness, the company must at least 300%, and subject to all such loans bank publicly a or other person, distributed.—V. privately 170, p. arranged 1597. and not tric Co., parent of Philadelphia, asked the SEC for an order authorizing Philadelphia to sell its common stock interest in Equitable. Georgia & Florida RR.—Earnings— Philadelphia would use the proceeds of the sale of its Equitable holdings to redeem and retire $33,709,000 of its 4(4% collateral trust sinking fund bonds, due July 1, 1961 at the redemption price of 1037/s% $2,400,000 of 1, 1951, its 2%% collateral trust notes serial at their principal amount.—V. 171, p. due serially 463. January— Gross from Net from ry. 1949 railway $13,022,331 2,295,568 2,595,383 1,746,004 income 962,920 $12,933,743 $11,850,142 2,108,702 631,215 . 2,381,617 836,033 W. H. Ruffin, change the pany is Co.—Change in Name— President, and that reports company's name to expanding the stockholders Erwin Mills, changing some of its Inc. ry, have Mills, Inc.—New Name— above. *47,005 168, p. income 1949 1948 1947 $621,613 $726,402 $690,532 $666,090 61,249 101,008 76,675 57,128 44,886 84,848 51,563 21,803 696. p. voted the com¬ to include 1254. Georgia Southern & Florida Ry.—Earnings— January— from Net Erwin *49,083 1950 railway railwray oper. 171, Gross See Erwin Cotton Mills Co. 1949 $244,968 261,423 215,598 *21,432 *19,565 171, p. 695. from from —V. because operations manufacturing of rayon and other synthetic fibers.—V. ; Georgia RR.—Earnings— Net to Railway) $221,331 expenses January— Gross 171, p. 557. Erwin Cotton Mills Northern revenue 1947 1948 $11,665,331 railway Statesboro 1950 "Deficit.—V. 1950 oper. (Including January— Railway operating Railway operating Net railway operating income Surplus applicable to interest Erie RR.—Earnings— Common March 3 publicly offered on a unit basis $4,800,000 interim notes and Los of Roberts- Foster Wheeler Corp.—Mills Becomes President— Vice-Admiral dent the Net Natural Bank subsidiary, Ry.—Earnings— income oper. Net East Tennessee National its Elmira & Williamsport RR.—Control— The —V. Stock underwriters. $2,742,721 railway 50 stock common per to statement 2584. p. 1950 at non-assessable from Security-First the acquisition of 170, railway has of with Inc.—V. income___ the covering letter registration a 171, p. 848. ance a filed 20 1950 oper. Net 1,200,206 filed borrowings railway from The $4,095,055 Feb. 20 40,000 shares Feb. on Fort Worth & Denver City 1947 1,477,885 on shares.—V.-171,1 300,000 to apply the $920,000 proceeds from the sale retirement, in part, of $1,840,000 of indebtedness the railway hourly-rate company to split the com¬ $1 par com¬ 160,632 are General Motors Corp.—Reduces Prices Trucks—Readjusts Cost of Living Bonus— 171, p. 556. The a 2224. p. $3,591,904 income on There authorized 171, pp. .103, 557. Foster Fire— Elgin Joliet & Eastern Ry.—Earnings— January— $1.89 expects connection from The Executive 818,569 $2.07 proposal May 4 basis. an January— 1 fully covered by $1,547,342 818,569 ' - share commission to the $2 per a to Markets, ry. one Ekco's principal supplier of woodenware handles Ragir, was vote of Ltd., Stores, by in Net —V. estimated . stock from common nounced. 947,080 Co., Net destroyed the main plant of the E. L. Tebbets Spool Co., Inc., Mills, Maine, a wholly-owned subsidiary, on Feb. 27, at an loss of between $450,000 to $550,000, Ekco officials an¬ Locke to are three-for-one a company Gross units; Ekco Products Co.—Maine Plant Destroyed by 1948 $2,494,422 $1,695,592 taxes share— Florida East Coast sale stock. Underwriters will be White, Weld & Co., F. S. Moseley & Co., 54,640 units; vEquitable Securities Corp., 54,640 units; and Elder & Co., 28,000 units. '.The proposed price is $26.25 from which the pipeline company will realize $25 plus accrued interest.—V. 171, p. 556. 54,720 1949 192,000 six-lenths and note in close 1,037,330 January— The and New York offered 1948. reserve, the $2,732,922 t taxes outstanding represented Lobelville- and on share, with Angeles the common & the —V. notes of at the SEC covering 40,000 shares of Public Co. interim end unearned premium Fitzsimmons Stores, Ltd.—Registers With SEC— of bonds, Co., Mutual Life Insurance Co. of New York Insurance the at of preferred stock, $25 par value.1 Los Angeles, is named as the principal underwriter. The underwriters will acquire 4,000 shares at $23 per share for investment. The balance will be offered for sale to the public at $25 $6,750,000 in first mortgage bonds amount plus accrued interest to the date of following institutional purchasers: Metropolitan Life sell reported of the compared with $85.92 as income $234,044,000, , Lester 3y2% series, due May 1, 1969; and (2) $4,800,000 in 5.2% interim notes, series C, due April 1, 1951, and 115,200 shares of $1 per common stock. Any required balance will be obtained through cash derived from company operations of its completed facilities. at totaled outstanding (excl. tieas. stock) stockholders Fitzsimmons with Knox¬ $11,765,900. issuance assets — 695. p. • Chattanooga-Knoxville line. Total $208,144,000 investment net a 192. common shares mon and Ry.—Earnings— 1949 $287,100 40,245 new $109,- 2224. p. stock mon The plan which was filed Jan. 18, 1950, and later supplemented, will provide funds required for a tie-line to July January— a of (M. H.) Fishman Co., Inc.—Plans Stock Split— , . - The and Duluth Winnipeg & Pacific 171, p. shares 170, The selling the proceeds of 1947 1948 for figure 1948 $9,002,000 and a net invest¬ for 1949, as compared with and admitted share, per of reported including 35% Net profit after Federal per be Ry.— -Earnings— 1949 1950 $117,232,000 the over east Maiyvilie,. Shelbyvilie Co,, of America for Aluminum profit were $2,497,000 the over equity, $101.68 Earnings per FPC Approves Plan of Financing— the sold by O'Donnell be "1,431,991 railway railway assets.) totaled 1949 increase consolidated taxes Common Energy Commission, the sales contracts for supplying natural with of before Federal profit Federal Atomic Chattanooga, Equitable is owned by the Duluth Missabe at reserve First National Stores Inc.—Earnings Higher— projected Equitable Gas Co.—Registers With SEC— with 7% Quarter Ended Dec. 31— Net The Federal Power Commission has approved the company's proposed plan of financing its Lobelville-Chattanooga-Knoxville pipeline. Drewrys Ltd., U. S. A., Inc.—Files With SEC— on premium living allowance for GM hourly-rate employees.—V. 171, p. 695. Counsel for a group of minority stockholders which obtained a court injunction against removal of the plant, said the action would be dropped after the stockholders had approved the move.—V. 171, p. 463, 8,015 in capital during $4,797,000 increase to 1948.—V. the Atomic security holders, the company will have out¬ standing 1,072,257 shares of common stock, the $4,800,000 of interim notes and $14,450,000 of first mortgage pipe line bonds due 1969. About $95,000 a year in operating expenses is expected to be saved by transfer of operations to Scranton, C. W. Bartlett, President, said. company 17% of CAPITALIZATION—Giving effect to the sale of the units and the bonds, and the sale of the 154,221 shares of common stock for the cents The stockholders have approved the directors' recommendation to dispose of the Brockton, Mass., plant and to consolidate general offices and warehouse at the Scranton, Pa., plant. The Brockton factory has been closed since last May due to labor difficulties. covering gains a underwriting of year-end amounted the system will have an estimated de¬ approximately. 193,000,000 cubic feet of natural compression. 1 * Columbia, used The a or proposed the (W. L.) Douglas Shoe Co.—Sale of Plant Voted— SEC the completion of has executed long-term Net January— income Shareholders' group of a system, authorized will be 465 miles long, extending and thence to Knoxville and will Chattanooga distribution for —V. Detroit Toledo & Ironton RR.—Earnings— equity in unearned earnings were $12.06. written consolidated At without addition company gas to Upon day Net , unrealized represented underwriting profit $4,199,000 in 1948. per share. selling se¬ part of the proceeds will be re¬ Greenbrier-Oak to capacity per In car¬ present sale value, replacement cost or reproduction and an a resell gas historical cost thereof and do not purport to repre¬ 848. and premiums high, the market on 529,156,908 489,333,601 ried represent the or 2,429,970 ._ Total sent 2,003,453 3,258,236 989,233 108,821 32,697,173 plant acquis, Casualty and contingency Miscellaneous 98,737,257 24,225 Fla., (Calif.)—Earns. Higher shareholders' Adding realized pipe line tie-line a form livery 39,668 146,983 102,303,295 25,656 reserve of franchises elec. of 58,145 180,164 liabilities current Augustine, earnings were $4,946,000, or $4.95 per share* and, after including, equity in unearned premium reserve, were $10.33 per share. (All figures exclude minority shareholders' interest, and connecting with the Greenbrier-Oak Ridge line so loop system. The company will purchase natural gas long-term contracts from the Tennessee Gas Transmission Co., to as share 7,508,130 1,743,271 income 16,272,280 189,207 general Federal St. and its subsidiaries report 1949 consolidated net earn-' income taxes of $8,488,000, or $8.49 per common per share 1948 comparable net In ceived by the company. The 10,382,805 and at 18 Federal 35%, adjusted the of after share. stock, priced at $9.25 common curity holders and 10,000,000 a estimated for Interest Oct. 35,000,000 50,000,000 60,000,000 46,641,400 Corp.—Obituary— Feb. 1081.- p. This company ings . Series G, died President, Fireman's Fund Insurance Co. : 1950 the secur¬ 1, 170, Sr., share one A This offering is for the account of company Total July units, as of ment ville taxes assets exp. 24,853,561 14,542,186 981,092 2,138,149 22,171,055 413,336 3,639 Inventories Prepayments for insurance, etc.— Claims for refund of prior years' 7,261,078 645,112 618,464 24,664,349 15,697,856 1,081,336 Until only rate Additional Stock Offering—Another group, comprising 36 investment firms headed by Equitable Securities Corp. account . and temporary investments Accounts receivable—trade Cash Other $ , 453,013,782 408,401,475. Intangible (incl. $6,268,623 balance in elec¬ tric plant acquisition adjustments acct.) Other properties—tangible be Tenn., and the latter's Alcoa plant. 1948 1949 ; Tangible transferable by delivery of 5.20% the system in Tennessee. and DEC. 31 ASSETS— Utility Properties: be at Camera & Instrument Ogsbury, 271,000. and count for the year 1949 together $25, Fairchild James Proceeds from the sale of the units and will bonds Tennessee. Edison value balance of the company's proposed natural gas under 171, p. 556. Detroit will COMPANY—Foimed 1950 $4,491,364 January— Gross Monday, March 6, 1950 —V. Placed construction Net payable at maturity par principal amount of notes. units the be stock, system, and is selling gas under a Energy Commission at Oak Ridge. by the Federal Power Commission, Denver & Rio Grande Western RR.- -Earnings— CHRONICLE Privately—Concurrently with this fi¬ nancing White, Weld & Co. and the above associates have placed privately with institutional investors $6,750,000 of the company's first mortgage pipe line bonds, 3 170, p. 2326. April 3.—V. on fixed by stock is expected to be for the new price meeting a the to $25 in will notes preferred Bonds the ' interim The cumulative ities January— Gross FINANCIAL & ley & Co.; Equitable Securities Corp.; Elder & Co.; J. C. Bradford & Co. and Cumberland Securities Corp. $4,218,740 769,566 349,218 COMMERCIAL 1 ' from Net ry. —V. 1950 railway railway oper. 171, p. income 557. 1949 1948 $625,731 $607,707 $614,403 233.755 226,546 171,670 $523,83a 132,110 64,999 27,156 55,999 50,920 1947 I Number 4887 171 Volume Co.—Acquisition of Plant Approved— Gerber Products The company Bros. Co. announced the purchase of the Curtice N. Y., the transfer to take place Jan. 1, 16 plant at Rochester, 1951.—V. 171, 751. p. Glidden Co., The Feb. on THE The date. to price offering date, record underwriting and be terms supplied Increased company because of a substantial increase in the volume ol its sales resulting from its capital capital is which working expansion —V. has program 171, desired in the completed been to four years. last directors Goldblatt Bros., Inc.—Partial "With the as National Bank Chicago, redemption Chicago, of III.—V. 169, agent, 1007. p. Net from railway—railway______ from Net income oper. ry. 171, ♦Deficit.—V. 1949 $3,811,000 322,106 6,312 action no with to the the above directors said L. D. dividend, to it is payments President.—V. Jr., 170, Sound Co. Registers With SEC — The company covering value Securities shares March 20, shares of to filed be the with 4(42% of the as offered SEC on on Feb. 17 filed a letter of notification with the SEC subscription agreements for 40,000 shares of capital stock to be Issued at 50 cents per share through Robert D. Bowers & Co., Denver, Colo. The proceeds are to be used to pay for incor¬ poration expenses, marketing surveys, engineering and location of plant. (no par) from the sale of the development to stockholders common preferred Blackbird for April 011 shares these of registration state¬ preferred stock, $50 April 1, 1955). will cobalt used be mine & Marine Insurance North America, Parkway Co., Gen¬ eral Traffic Service Co., Inc. and The Philadelphia Investment Corp.. who on Feb. 1, 1950, completed two years or more of continuous service, were eligible to subscribe for capital stock under the Em¬ ployee's Stock Subscription Plan of 1950, between Feb. 1 and Feb. 28, 1950, at $85 per share. Subscriptions must be paid within the period to com¬ Idaho.— In $3,443,000 632,120 261,982' ' •„i Corkle, President, "Operating - oi $16,336,000, crease the of result balance ... Co.—Earnings, Etc.—G. K. McFeb. 15 said in part: on in revenues the 8% or growth, an effect the in principally $224,915,000, during in the number telephones from years maximum he of 1, 1950. March amount offered shares of employees to was was limited for all shares to not exceed 30,000 each employee subscribed entitled, the aggregate amount would If but shares, 100,000 which shares. the and year of two The to was placed totaled of In¬ 1948.' About half of this increase over increases rate reflected 1949 year Co. Indemnity Insurance Co., Net 463. p. and of The Alliance employees in the service of the company Go. of Philadelphia, Philadelphia Fire Insurance six 1950. 4, All on each North America—Stock to Employees— Insurance Co. of principal underwriter. first ratio of one share of held. Rights will expire company covering before or Colo.—Files With Industrial Fermentation Co., Denver, a cumulative stock common the common the 171, 28 shares Corp. is named are 1950 in proceeds received plete Feb. on 76,983 (convertible into insurance companies. It is understood, how¬ at present for a public refund¬ 1146. by 15 Securities and Exchange Commission— 2025. Preferred — privately ing of these bonds.—V. 168, p. soon as p. program. that the utility firm has no plans ever, Is it and cumulative dividend resume Adams, held are respect March Illinois Bell Telephone 1947 1948 $3,887,000 353,497 * 110,303 557. p. Preferred Dividend on take to payable Stock to Be Offered to Common Stockholders— V. 1930 $3,925,000 605,304 253,851 January— decided 20 dividend The Howe Grand Trunk Western Ry.—Earnings— , Gross of warranted," The April 1, next, 3,000 stock at $52.50 per made at The First 38 So. La Salle St., the reference intention Union Redemption— called for redemption on shares of $2.50 cumulative convertible preferred share and accrued dividends. Payment will be has corporation Feb. on July and expects June or construction of plans to company in bonds 15, 1950, on the 5Va% preferred shares, par $25. The last regular quarterly pay¬ 34% cents per share was made on Sept. 15, 1949. of ment par The issue and sell $20,000,000 of first mortgage to use the proceeds to finance its Investment banking groups are being formed to compete for the underwriting of this offering, and also for a pos¬ sible refunding of the $22,500,000 of 3%% first mortgage bonds, which The $82,799,909 cumulative ment ' 1950—12 Mos.—1949 $25,392,623 $84,058,256 170, p. 2025. declaration the by 751. p. —V. Financing— Other Proposed Co.—Quarterly Sales Increased 2.1%— 1950—3 Mos.—1949 5 (949) CHRONICLE FINANCIAL (C. J.) Ilendry Co.—No Action by amendment. Underwriters headed by Blyth & Co., Inc., will acquire unsubscribed shares at the price to stockholders. Net proceeds of the financing will be added to working capital. are & $25,936,769 The on SEC record Hecht Period End. Jan. 31— Sales Cleveland, O.—Registers With SEC— Feb. 24 filed a registration statement with the covering 178,825 shares of its no par common stock, which are to be offered for subscription by holders of outstanding stock at the rate of one share for each ten shares of common stock held on the company COMMERCIAL The in service. of balance subject such limitations, to 100,000 at shares be offered to employees/ discretion of the board of may time at any the ( Ry.—Earnings— Great Northem railway from Net from Net ry. railway 171, *1,839,019 *3,491,887 income oper, * Deficit.—V, . - ..... 1950 1949 1948 1947" " $11,015,761 $13,091,548 $14,706,784 $12,820,824 ♦1,946,841 *311,064 2,059,373 1,700,615 January— Gross "Operating expenses and taxes 311,040 163,413 188,000 Net ry. —V. $284,629 58,576 $280,957 71,031 38,723 railway from Net 1948 93,676 railway from Gross 3,591 13,157 income— oper. 20 1949 1950 $299,607 rise, taxes paid increasing by earnings $196,for to 29%, total a year, This 46,880 draw the stock in share per Dividends years. $18,346,000 was amounted 1948 of and $5.20 an first time in live years $5.63 to in as for to Net Net ry. —V. income oper. 171, to $6,386,953 1,483,231 $5,688,805 1,366,104 567,460 535,971 393,313 557. p. Utilities Co.—Stock Offered—Offering States Gulf the loans. of all the of (no par) was made on headed by Merrill Lynch, Pierce, "At March end group a Brothers. & Beane and Lehman Fenner share. utility In Securities Webster & with $6,000,000. associates submitted sufficient to provide it amount an Stone invited bids for additional common stock had company Corp. proceeds PROCEEDS—Net will com¬ a used for general corporate and the financing of a portion of the comanny's 1950 con¬ structive requilcmcnts. Scheduled progress is being made on a large construction program in which the company is now engaged to meet the continuing increase in demands for electric power in the rapidly growing area served. important ,1^25, COMPANY—Organized in is engaged principally In the business generating electric energy and transmitting, distributing and selling it at retail in an area of southeastern Texas and in south central Louisiana, comprising an area of approximately 27,500 square miles. The company serves a territory with an estimated population of 706,000, including the cities of Beaumont, Port Arthur and Orange, Texas, and Eaton Rouge and Lake Charles, Louisiana. of TO EFFECT GIVING CAPITALIZATION FINANCING PRESENT Authorized series 2%% notes 1% % Bank notes due within one lative ($100 par) lative ($100 stock and until it Allen on similar notes such no UNDERWRITERS—The and stcck common of shares 60,000 shs. 60,000 shs. 50,000 shs. 5,000,000 shs. 50,000 shs. 2,719,899 shs. less for respective the be the of underwriters several percentages them purchased by number of set forth in the the of the of total Stein Pierce, 14.70% Beane & Co Hayden, Stone & Co are W'ebbcr, Reinholdt Schwabacher 7.40 William & & from and did the slight construction for had in & the of at bank for & debt, and the and the program issue the has and arranged bills 1.90 1.90 Lerchen & Co.— 1.90 3.80 Dallas Rupe & Son debt to sale credit force at the date INCOME operating cost, notes Woolfolk .85 171, Co. & & earnings Jersey New of one Board of share of stock Feb. Utility 15.—V. 170, p. Commissioners was 1, In February 1948 of a non-current at any Hanford one April 11 on a proposal to outstanding.—V. Co., 170, p. ry. —V. retire Prior to increase the one share for On present preferred stock year. on 1949 $2.59 and a share 1947 1948 $829,112 $1,018,046 $982,271 $965,459 78.928 234,877 241,034 301,961 17,139 114,764 96,301 141,466 income— 696. p. Indiana Gas & La Water Co., Inc.—Partial corporation has due Salle called for of the Sinking fund, at 1970, 102% Illinois St., and National Chicago, 111.—V. redemption $120,000 of interest Bank 170, p. on Redemption— April 1, next, through 3% % made at the first mortgage bonds, Payment & Trust Bernardino, San Calif.—Files The from company time $5,000,000 Feb. 15 filed a letter of notification with the SEC issuance of the bends, stock (no par) outstanding. on the company will split its 1,600 the basis of nine new shares for time during to in funds The be issued Feb. 27 applied on the to will Co., be trustee, 231 So. 305. the SEC for authority be used SEC hearing.- this has • for ' : on April 1, next, all of series A. due Jan. 1 1961, made at the Harris Trust West Monroe St., Chicago, redemption Service Co. (Ia.)—Asks FPC Approval of Stock— to The company becomes effective. of additions bank the - will be used to help finance improvements; for extensions property; and to pay off temporary issuance proposed acquisition of permanent or to the company's loans, the application states.—V. 171, 849. p. Authorized Jamaica Water Supply Co.—Stock stockholders The . 31 Jan. on approved a proposal to — issue 50,000 common holders on the basis of one share for each two shares held, at a price to be determined later. It is expected t'mt all unsubscribed shares will be sold to underwriters.—V. 171, p. 849. additional common shares be Mutual Hancock John to offered to present Insurance Co.—Assets Total Nearly $2,700,000,000— statement of financial condition as of $2,696,506,366, which included invest¬ $2,032,410,279; in stocks, $108,174,012; mortgage loans on real estate, $309,275,753; real estate (home office, housing and other properties), $55,688,984; and cash, $45,712,727. Total surplus to policyholders, including special surplus funds, was $218',the company's assets totaled According to Dec. 1949, 31, bonds in ments 170, and p. of notes 1296. Kansas Gas & Electric Co.—Preferred Stock Offered— Kidder, Peabody & Co. and Merrill Lynch, Pierce, Fenner & Beane, on March 1 publicly offered 14,346 shares of new 4V2% preferred stock at. $110 per share plus accrued dividends, less a concession of 75 cents per share to members of the NASD. Stockholders exchanged 53,433 shares 7% of old number of 41/2% stocks for a similar exchange offer which and $6 preferred stock under an expired at 3 p.m. on Feb. 28. A total of 82,011 shares of new preferred were offered. The underwriting group 14,232 shares of the period.—V. 171, p. 849. new stock during the standby Kansas-Nebraska Natural Gas Co., Inc.—Bonds for construction The purposes. notes to expected to be repaid from the proceeds of per¬ financing later this year. American Gas & Electric Co., parent, expects to Invest $10,000,000 in the common stock of Indiana & Michi¬ gan out of the proceeds of the sale of American Gas common stock The which plan 2332. 1950 from four banks, amounts not exceeding are manent contemplated P. First Mortgage Bonds Called— sold to borrow aggregate. would therefor 170, 1599. p. 050,918.—V. 1940 Indiana & Michigan Electric Co.—Seeks Loans— outstanding preferred stock. the each 2437. p. railway__„ oper. 171, The 691. covering $125,000 6% first mortgage 10-year sinking fund convertible bonds, and 6,250 shares of common stock (no par) to be reserved for conversion of bonds. The proceeds are to be used to pay bank loans shares of common of dividends year 1950 Continental With SEC— on end at effect to full would be $3 a indebtedness to an amount not to exceed $3,- time Foundry company giving railway operation vote outstanding actually 170, from from made March 231. will stockholders The $3.16 divi¬ Hamilton Watch Co.—Plans to Increase Debt— 500.000 1,916,805 $3.04 Illinois Terminal RR.—Earnings— series corporate 6.060,579 2,156.406 shares— January— for each four shares outstanding. 1 to stockholders of record stock common distribution The Public declaration by the directors on Dec. the $6,060,579 368,167 6,454,112 share common cn 1948.—V. for Net Stock Dividend— Hackensack Water Co.—25% The 1.816,595 $6,913,279 common shares ♦On Net approved 7,877,174 1,680,062 common common capitalization, Gross 848. p. and $7,802,174 dividends for reorganization a 1948.—V. 7, has applied to the Federal Power Commission for issue 50,000 shares of cumulative preferred stock (par plans to issue the stock on or about April 11, 1950, and proposes to publicly Invite competitive bids for the pur¬ chase of the stock as soon as practicable after the registration state¬ 21,268,278 deductions other under escrow Jan. company authority 1948 $8,518,341 income Preferred .85 Shober 170, construction 8,593,341 and SEC Application S. District Court 8,311,404 income Interest in called has company The 23,883,593 ; ' ■ , . 101% $100). ACCOUNT taxes— held New Preferred issued are 1949 and company's the , - V company. are approved Iowa Public of 7,947,155 income .85 Co this of assets Leahy 111.—V. with interest on the ___ depreciation '■, outstanding first mortgage 4% bonds, and interest. Payment will be and Savings Bank, corporate trustee, 115 $40,349,089 $37,381,856 Other the at Wilmington, Del.; granted the application of the SEC tor enforcement of of a compromise plan for distribution of $8,000,000 worth terms The at $15,000,000 of 31: under directors as 696., the 1949 with a capitalization total payment of the $6,000,000 of senior securities.7 revolving a in purchase costs .85 3.80 Hall Inc Wells & December Power Gross retired Hume Iowa Electric Co.—4% other from came ended company lower a Operating revenues Operating Fred with appointed General 24 assets The stock and common $9,269,489 and connected been Blake. the 1.90 Co (Inc.) - & Co Ended and Vice-President since 1939 has who attorney Rumer, plan.—V. 171, p. Proceeds of Central Republic Co. (Inc.) Harris. each the of ment per Mullaney, and complete preferred and financing, base 1950 commercial ♦Earned Gardner O. Judge Paul Leahy of U. Feb. on renewed. Years this company with associated Interstate Power Co.—Court Approves Chief over were beginning of the year. The company thus finds to raise the estimated $25,000,000 necessary for through Number Mason-Hagan, —. Rothschild The 1949 banks, running until Dec. 31, next, and calling for borrowing at a rate of V* of 1% above the Federal Reserve rediscount or Frank C. Rand, who had at the time of his death late years been director since • company. the the company 1.90 Co._ 7.40 dend in successfully bonds, new in postion a loans The of stock common it a 20 ■ Judge company sale result a the of resources has since 1929, was elected a director and was Blake and Mr. 1952. increase Balance Staats Co.— R. Watling, Jackson & Space 7.40 Curtis —V. 104. p. biggest year of its construction program, but it also raised most of the new longterm capital necessary to do the work. During the year $42,434,711 was raised for construction, of which $33,165,213 net after expenses 1.90 Cook 7.40 Co. 3.30% Boyce Inc.— 7.40 Marks & M. Laurence Co., & Lane, Newhard, 7.40 Weeks & Hornblower Johnson, 14.70 Brothers Hallgarten Bros. and has been 1927 the for Rand Counsel, succeeding Robert E. Wyck, .President, on Feb. 28, said in part: only Net & Lehman F. since succeeds Board the Edgar E. 2. Co.—Plans expenditures 1951 "Not rate mature Dec. company five cumu¬ names stock to common Lynch, Fenner L. last 1939, of Chairman been $42,000,000, which is by far the greatest in the history of the company, and is greater than for any future year we can ow foresee. These expendi¬ tures are estimated at about $25,000,000 for 1950, and substantially 120,000 shs. below: Merrill Paine, • A. Gray as Chairman of the Board and Edgar E. announced Feb. 27. Mr. Gray, who had served was since 1947. Power Van "Total itself later than Dec. 31, 1950, with borrowings or renewals at the then existing prime rate notes, all prepayable at any time without premium. that interest table $20,195,689 $21,234,708 4,600,251 4,427,608 1,982,408 1,865,421 1,272,446 1,113,195 of Byron President as retirement bank par) ' 595. p. President as $25,000,000 for New Conv struction in 1950—Arranges Bank Revolving Credit— "As has bank credit agreements for extension of credit may borrow or reborrow up to $7,000,000 at any time 1950, on unsecured notes due in 9 months or less, 30, June provided for Rand 1949 company which under 170, Election charges COMPARATIVE ♦The V. Pearman, 557, Atchison, Topeka & Santa Fe Ry. above.—V. 171, Illinois cash 1949 stated val.)) or par of RR.—^-Earnings— fixed after completion of the par) (no See than 120,000 shs. $4.50 dividend preferred stock, Common 752 p. E. Richard 1,300,000 *2,000,000 7,000,000 stock, ($100 63% or 171, p. 849. strong —— cumulative series, $285,946,000, Illinois Northern Ry.—Sale Effective— 15,000,000 year preferred dividend $4.40 to 1950 income —V. from stock, cumu¬ $4.40 dividend preferred amounted Railway operating revenues Net revenue from railway operations Net railway operating income came (Issuable in seriesi: stock Preferred 171, Illinois Central 2,000,000 1, 1969 (non-currenti due Jan. Bank capital January— 10.000,000 — 1979.. due debentures offered 389,982 additional shares were at par in the proportion of one new share for total subscriptions amounted to $38,992,300. equity end, 1945."—V. of 15.000,000 1978 due series 3% Hamilton, Bermuda, liquidator of the company, re¬ ports that an arrangement with Stockholm Enskllda Bank to dis¬ tribute the liquidating dividends to all shareho.ders who presented share to the Bank of Bermuda, Ltd., Hamilton, expired on Dec. 31, 1949, The Bank of Bermuda has taken over distribution of the dividend, on all shares which were surrendered onv and after Dec. 22, 1949— capital. The remaining 37% was debt capital, including shortand compares with a ratio of 22% in debt capital at the $27,000,000 12,000.000 10,000,000 28,000,000 12,000,000 2%% 3% Outstanding series) $200,000,000 mortgage bonds (issuable in series due 1976 1st Ltd.—Dividend— International Match Realization Co. J. short-term through International Shoe Co.—New President Elected— pur¬ poses and obtained was loans, Net and be Effective 171, p. 752. Santa Fe Ry. above.—V. Atchison Topeka & See and of $22,575 a share for 265,781 shares. peting proposal, offering a price 558. p. Increase in invested The stock was priced to the public at $23.87Vz net per share. The group was awarded the issue Feb. 28 on a bid of $23.201856 per The 171, International Harvester Co.—Sale of Railroad for subscription year's total capital new shareholders In December, stock of term by V. meet $225,193,000—nearly equal to the growth during the entire preceding "Initially, 258,600 shares of common stock 1 Equips.rr- on 64-year history of the company. each six shares held; . on March 7 in St. Louis, Mo., receive bids for the purchase of $900,000 equipment trust certificates, series DD, dated April 1, 1950, and due $60,000 each April 1, 1951-1965, incl. No bid of less than 99 will be considered.— will until noon (CST) the company brought the tcial growth of invested capital for the four postwar years 1947 1948 $6,525,760 1,439,140 386,072 railway—— from 1949 1950 $5,639,759 1,119,511 railway from RR.—Bids International-Great Northern that it had not been necessary to the "rainy day" fund to make dividend payments. amounts of new capital were required in 1949 upon "Substantial 10,444 RR.—Earnings— Gulf Mobile & Ohio corporate The trustee of This during the to surplus. paid were transferred was the costs of extenbive additions to telephone plant. January— will be used for added to treasury funds and purposes.—V. 171, p. 752. proceeds will be general of com¬ 1949. $9.27 of average share per income balance of $996,000 and the was of capital during the year was $55,886,000, including short-term loans, Gross The accounted company or directors. 1948. share per with $4.16 prewar 1947 $230,285 171, p. 557. from $206,670,000 the $6,466,000, "Income available for interest and dividends / pares Western RR.—Earnings— Green Bay & Operating this of pared with $12,588,000 in "Net January— 1948. to $28,700,000. 557. p. in three-fifths 5% rose Placed Privately—An issue of $2,000,000 first mortgage sinking bonds, 3% series due 1970, have been placed pri~ fund vately through Central was announced on Republic Co. (Inc.), Chicago, it March 1. year. given interested persons until March 9 to request a The tion proceeds will provide program.—V. 169, p. funds to 2420. finance the company's construc¬ 6 THE (950) Gross from Net from Net ry. 1948 $439,283 $392,791 225,392 192,772 208,872 95,151 —V. railway railway — 113,189 76,676 95,681 income-— • oper. 171, P- 558. 1947 rThe of cor¬ poration on Jan. 16 publicly offered an issue of 50,000 stock (par $1) at $2.50 per share. The issue was completely sold as of Jan. 25. PROCEEDS—To operations consolidate and for for expansion; equipment; in California on Oct. 4, 1948, under the name of Telindustries, Inc. for the purpose of acquiring the busi¬ ness and assets, assuming the liabilities, and continuing the business cf Television Industries, its predecessor. The Television Industries business was transferred to the company on Oct. 25, 1948, as of Sept. 20, 1948. Present name adopted Dec. 14, 1949. Company is engaged in the manufacture, assembly and distribution Of television receiving sets under the trade name of Kaye-Halbert. These television receiving sets are manufactured under license agree¬ ments with Radio Corp. of America and Hazeltine Research, Inc. The company's business operations are presently carried on in ten scattered locations in the City of Los Angeles. All of the operations of the company are carried on in leased premises. The company owns , at Alfred outstanding 105,000 shares authorized there D.) —V. Los Angeles, 165, The SEC p. $26.50 p. share, per and Co. of the net Smart & Wagner cumulative 6% share). estate proceeds publicly, Jan. at 1, -•after The *iote with 1, of asked be redeem the the South to of amount The La Salle Ended Gross and at It before serial Bank of be used and expansion and Feb. to dividends Common shares Earnings per approve —V. p. 168, paid-, the the soon Lake Superior & Ishpeming Net from Net ry. • railway 49,000 ' Net 171, Ended Net profit Dividends Dec. *'91,974 *'83,3.18 *101,458 *60,113 *78,068 . *'99,864 per —V. 167, p. 86,200 50,000 50,000 $2.26 $6.16 : . S.950 notification shares of common account the of a filed was stock selling with be to the SEC offered stockholder, at through on Feb. $16.75 21 per Walston, share Goodwin, San Francisco, and Shields & Co., New York.—V. 169, Lawrence Portland Cement Year Ended Dec. Net , " 1949 1948 - Common 1,303,848 1,188,652 470,000 *73,000 paid *Tax $718,652 281,250 225,000 225,000 $3.19 1947 were reduced by $94,000 because of net a by Calendar Years— 1949 sales 1947 $53,644,841 $40,259,269 Joseph L. Eastwick, President, stated that the final quarter's sales in 1949, totaling $15,051,004, were the highest for any three-month period company's 103-ycar history, and that the improved demand for Mr. Eastwick also year. stated prospeits for the first that carpet quarter of 249,941 has p. this applied the from from Net ry. railway Upon 171, 1948 p. 171, January— Gas Net from Net ry. —V. railway railway oper. 171, Income from Net from Net ry. railway railway income for authorization to in system Co. be Parish, Grant La., (Ky.)—Common used to betterments water retail and power, is or GIVING to the part pay physical and purchased, EFFECT TO due series bonds, 2%% the of expendi¬ properties. is sold dis¬ and PRESENT FINANCING cumulative ($100 par value).—, 5% cumulative ($25 par value).— Common *The stock theieunder issued at such the would in any the par of $25 each-. stock, the and severally respective 1947 $456,169 $552,203 $583,651 $531,416 63.943 127,991 79,096 126,877 151,742 70,794 86,763 bonds shall 20,000 large 1947 $5,061,221 754,945 $6,010,203 931,502 $6,286,381 $6,158,253 586,029 1,232,109 123,382 331,798 64,233 623,099 numbers are Brothers the set forth below: shares of of the 1950, of combining the prin¬ trust is being made Fifty State Street announced was trusts separate Hospital for such Life trusts the Investment Co. of 1. March on possible for transaction, 1,000 then unit a the is individual Co. The Life Massachusetts . investor, trustee. as Fund, 1940 as a diversified The '• Massachusetts Hospital Life Act the of Legislature 1518, ir. i Life to $106.97 outstanding. Fund unit n Only values at 011 full the 31, Dec. of as 111.652 units units and issued, smaller amounts being held are $1 of stock redeemed be Broadway, even of one- in cash by recently called for redemption on the at Central N. Y., at $110 share.—V. 171, p. 850. per March 31. Bank & Trust Co., share, plus accrued divi¬ Hanover York, New per With SEC— The company Feb, on filed 15 will There ' ' be underwriting. no * r' Mid-Continent Airlines, Inc.—Files With SEC— The from Net from Net ry. the letter bf notification with the SEC stock (par $1) to be offered at $1 used for working capital.—V. 171, Feb. 21, filed 011 a 850. Mid-States Equipment Co.—Common Stock Offered— Greenfield, Lax & Co., Inc., on Feb. 28 publicly offered 300,000 shares of common stock (par 100) at $1 per share. REGISTRAR AND is PURPOSE—It ceeds to It from finance stock DIVIDEND—A of Dec. company's by Corporation Trust Co., intention that the net pro¬ the common stock are to present the of sale expansion and additional to indebtedness to of the received be devoted be AGENT—The TRANSFER Jersey City, N. J. Exchange Place, 15 working capital and retirement company. dividend declared was the on common stock as 1. 1949, but no cash dividend has been declared on the common to date. stock COMPANY—Organized in Delaware, Nov. 30, 1948. Immediately upon it acquired and now owns all of the outstanding capital of Modern Atlas Corp. (Mich.), On April 2, 1949, Mid-States took over the active operation of the business formerly carried on by organization stock Atlas. is engaged in the business of retailing household equip¬ furnishings and specialties, 011 the budget plan, principally through sales agents. Among the articles sold are silverware, sterling ment, ■ silver, waterless Venetian qookware, dinnerware, sheets, blankets, curtains, drapes, rugs, lamps, radios, jewelry, television, vacuum clean¬ washing machines, and other electrical appliances. these goods are branded with names exclusively used by Mid-States Equipment Co., other articles are nationally advertised blinds, refrigerators, ers, of Many CAPITALIZATION GIVING EFFECT PRESENT TO FINANCING - Authorized T. Moore & railway oper. ferred 4,500 Smart & Wagner—______ & Boyce Wilson-Trinkle stock, *1,500,000 608,574 150,000 10,079 par)_ par) shares of and 60,000 holders.—V. 3,500 Issuance upon conversion of the pre¬ stock common are reserved for war¬ 171, p. 850, Midland 13,000 Co. 2,000 from Net from 1950 $186,391 Net ry. 1949 1948 $161,060 $188,798 72,911 49,743 78,571 64,314 42,370 railway 10,190 28,428 26,615 railway income™ oper. 171, 1,553,233 C. W. MacFarlane, repair $1,500,000 building, both broken be 1947 $154,679 559. p. Minneapolis-Moline 1,226,373 1,359,779 Valley RR.—Earnings— January— Gross —V. 989,913 income ($3 Outstdg. 4,500 1950 1949 1948 1947 $14,409,461 $16,405,187 $17,110,571 $15,725,023 1,985,196 2,623,540 2,540,274 3,087,736 railway (10c stock *30,237 shares are reserved for Co., ,___ Stein Bros. 2,000 4,500 stock Preferred common Co.—Proposed President, parts depot on and Feb. Incr. in the Hopkins, Minn., area. April 1.—V. 171, p. 850. northern The Facilities in announced 9 $300,000 a plans for a headquarters ground probably will about 171, p. 558. Minneapolis St. Paul & Sault Ste. Marie Ry.—Earnings January— The stockholders, on Feb. 6, voted to change the par value of the capital stock from $25 to $10 per share to effect a 2y2-for-l split. The split is subject to approval of the Massachusetts Department of Public will company, 4,000 shares of common share. The proceeds will be 696. p. January— Gross letter of notification with the SEC a covering 176,167 shares of non-assessable common stock (par 10 cents), to be issued to buy a mining claim from the Sterling Zinc-Lead Co. Louisville & Nashville RR.—Earnings— Utilities. If increased be it from approved, is 163,800 to McBee Co.—To Pay The directors common The % each trustee of each particular trust. as preferred $6 will next, Security & Bond Co.3,500 * 13,000 Co of O'Neal, Alden & Co., Inc.__ 10,000 4,500 •» for Insurance Company Act of company. of Massachusetts interest company rant Inc. Inc. Bond Co. underwriters the number 409,500.—V. of 169, shares p. outstanding 2437. Bond Extension Proposed— company has appplied to the ICC for authority to extend the maturity date of $4,983,000 first mtg.e. 4 % bonds from Jnue 1, 1950 to 1, 1968. Of the total. $4,975,000 is held bv Consolidated Real Estate Co., a wholly-owned subsidiary, and the balance by the public.. includes assets hundredths of shares Lynn Gas & Electric Co.—Stock Split Voted— T interest, investment type, it was explained, it is investors to arrange, in a single $11,943,849, equal beneficial Common several Berwyn Dupree & Co.______ J. J. B. Milliard & Son____ 171, of stock. 17,648 L. —V. 1, surplus merchandise. consisting 17,64.9 Inc L. Lyons & the of purchased by each to be Co., names Brothers - further no amount of bonds to be outstanding exceed the limit of indebtedness cumulative preferred 5% as UNDERWRITERS—The Russell, Long & Burkholder June mutual $100 each and 1,720,000 shares of the par value 860,792 shares of the series of par value of $25 each are W. The Jan. value of designated common —V. that event (now $150,000,000). amount authorized all series, fTotal F. 1,170,000 shs. company of stock except time if the total any issue 780,792 shs. 2,000,000 shs. the amount of bonds which may be limited not is 31,647 1948 to contributed The company 20.000 shs. value)__ par indenture states that trust issued (without <12,514 1949 beneficial a incorporated by fc'pecial of the fund. Co., net Modern '* $41,000,000 *1,740,000 shs. — 5% 12,048 558. Outstanding Nov. — stock 883 57,761 prior and Stock in 88,640 1948 has Metaline Mining & Leasing Co., Spokane, Wash.—Files acquire operating public utility engaged principally in the The company's electricity,.is generated $277,389 1949 issue new. of ithis medium v.ere dend business. 30,923 195C oper. and an gas and at will sale $253,528 Lehigh Valley RR.—Earnings— January— Gross the 58,770 558. p. SEC Electric & $257,455 1950 from 1949, 203,951 696. p. additions The Bankers 1947 Lehigh & New England RR.—Earnings— Gross the sole trustee also Tctal of 38,642 income— ♦Deficit.—V. 1949 issued and $100,000 York, and underwriters, it Massachusetts Insurance is 70 distribution system and" ice plant in Mont¬ stock is owned by fiva jtersons not; affiliated acquisition of the stock, Louisiana would its of $199,296 railway oper. the to distribution facilities and Almstedt Lehigh & Hudson River Ry.—Earnings— Net , 474,829 " and plant Lehman 1950 of of operations into other fields' New principal and of and open-end'management The 31.248.343 for electric water 1979, wool prices are at record- 2026. January— Gross of 171, outstanding shares of capital stock of The Grant a cash consideration of $125,000. The latter oper¬ 340 Blyth & 170, /, surplus. Fund, Boston-^-Units Offered— units Co., registered under 1947 237,543 mortgage 1, ' in the showed excellent and 50%" over Maytag Co.—Redemption of Preferred Stock— 1948 346,706 CAPITALIZATION of 1948 $48,061,768 high levels.—V. 1949 income Inc., for after coverings As shares.—V. 13,000 647,529 steam be (James) Lees & Sons Co.—Sales Off 10%— floor stockholders. to the a tures 1st operating loss carryover from 1945.—V. 168, p. 2210. Net of of Co., Inc. jointly purchase group which on March 1 offered to the public 101,297 shares of common stock (without par value) at $34 per share, $4.60 for in of covering -> 75,000 $3.61 of fund & program the per 150,000 225,000 share payments sent Authorized $345,204 outstanding common be in excess approval Louisville, Kentucky, and vicinity. During the year ended Dec. 31, last, approximately 74% of consolidated gross operating revenues ol the company and subsidiaries was derived-from the sale of electricity and approximately 26% from the sale of gas. 418,204 490,000 : $813,848 shares shares will new stock was Upon $5,294,871 profit ■Dividends authorized. 513,072 Preferred •'Earnings per not 720,579 small small - $7,342,137 Prov. for Federal & State inc. taxes Net is $1,514,214 the a tributed 1947 $7,328,043 Profit before Income taxes - & 378. p. deposited with it should stock¬ capital 559. program a investment 150,000 shares to or $1,543,206 company electric Co.—Earnings— 31— sales for paid capital a p. trust a as The Offered—Lehman Brothers and Blyth & covering Hoffman subscribed, 171, small with , 1950 COMPANY—Is of that 20 the disposition of income and principal for the benefit of themselves during their lifetime and thereafter for their families or others. < 6 on proposals to reduce the of treasury-held shares outstanding number of authorized shares," after, giving' $1,655,505 oper. head 1923. Langendorf United Bakeries, Inc.—Files With SEC— letter Boston, pre¬ treasury for PURPOSE—From A subject to ap¬ first and initial issue of 10,000 shares of capital stock company Estabrook Grant with those of 'Louisiana. -The water and ice facilities would be disposed of within tine year from date of acquisition. It is contemplated that Grant eventually would be dis¬ $313,713 share™ in Feb. to permit expansion are offering of Through railway—— integrate 1948 $120,256 outstanding common by p. taxes shares Earnings the ciples entitled- cumulative railway.— Louisville 1949 1950, for, completely Public meeting March treasury-held from of Mo.—Earnings— 31— 85,850 after 6% funds increase on Massachusetts Life deposited March vote the of split-up gomery, La. All with Louisiana. 1947 $58,155 paid Common the of amount of the approve proceeds $50,000.—V. 1803. p. full to subscribed was com¬ made. been 22, insurance. the The A 1948 $53,867 Landis Machine Co., St. Louis, Year be after the annual preferred stock will be has shares of capital stock (par the offer to continue in effect March 171, p. 850. all 558. p. will 10,000 preferred days shares 170, the offered 25 to and including up announced The company's Louisiana Power & Light Co.—Proposed Merger— $1.34 1949 fail was The of $1,500,000 cumulative amount the on certificates ry. —V. 268,220 *'109,171 *"81,234 income___ oper. of 20 stocks A Jan. on $15 per share to its stockholders, solved.—V. railway *Deficit.—V. by change to stock from Net 194,480 •' $53,629 % to are capital 6; Utilities, 7 $52,633 It Louisiana & Arkansas Ry.—Earnings— RR.—Earnings— 1950 from loan a March class consummated, 6% such deposit as outstanding.—V. retirement 10, Gross t January— few a cumulative January— $0.78 6. irrevocable giving loan funds approximately outstanding event ates Gross and p. -361. <•*> s meeting a obtain to outstanding within 6% as at dividends to July 1 next. for the redemption plus that stockholders on Feb. 1948 133,226 Manager of The Marathon Corp. Mr, Everest will active capacity as Chairman of the Board of Directors. an p. proval by the stockholders on March 21, 1950 of an increase in. the capital;and surplus of the company from $150,000 to $300,000. Louisiana Savings Bank & Trust Co., New Orleans, escrow agent, will .return-to stock. all bank payment March in modernization 228,549 907. that preferred or , 129,204 — in company at be $358,760 : share second proposal a preferred share of are shares principal 203,824 outstanding common the treasury shares and stock split, to 450,000 shares, $178,338 Common notification, with or due 487,964 profit of shares, to effect a 3-for-l split of. 6, resulting in the reduction of,,,the stated value per share to one-third of present stated value of $25, and, to increase authorized capital after giving effect to retirement of 368,162 . . The $2,998,590 , letter a announced 25 cumulative redeem a stock effect $2,850,498 Provision for Federal income taxes Net the 1949 taxes The $101 Loomis-Sayles Mutual Fund, Inc.—Plans Stock Split— University—Earnings— _____ filed 16 Feb. on York holders receive to Columbia, S. C., is President 31— income in ' General and 171, been anticipated New a split-up for 1526 Main St., Jr., Charleston dent continue —V. President. become 1 - offer to debentures 6%- will subscribers the 6% to $30 is with unsecured. are will Extension Dec. of income Profit National Carolina proceeds Sol Kohn, Year $75,000 plans company 2333. p. C. Everest, President and General Manager of this corporation,' on Feb. 28 that effective Apr.il i, 1950, William U. Keady/ formerly President of United States Gypsum Corp., will be made Presi¬ Managing years shares of common stock to be offered at par ($1 net proceeds are to be used to pay for general real 4 % the plants 170, These $70,000, net program. the Relations, proposition is approved and the pany at option of calling them, all or in part, on debentures are junior to an obligation the 1956. that many * on corporation will S. C.—Debentures Offered— February interest, and par 1962, Jan. in 170, announced ' holders on announced was the regular quarterly dividends preferred stock and $1.37Va a share oh both payable April 1 to holders of record 6% stock, D. ... the of both being used for expansion.—V, 22. Marathon Corp.—New President— retired director; a 75,000 The authorized Kohn & Co., Columbia, for has as Chairman ferred Stock— publicly $25) the on preferred 14.—V. holders 2226. It directors, continue become Shopping Center, Inc., Chicago, 111.— ■ (par March corporation on Feg. 23 filed a registration statement with the covering 500,000 of capital stock. Slayton & Co., Inc., St. Louis Mo., is named as underwriter.—V. 170, p. 788, * development. stock stock record The .(Thomas J.) Lipton, Inc.- -Seeks Loan to Redeem Pre- „ Calif.—Files December in preferred of will to Schuelein, Public and Kentucky Water Service Co.—Stock Offered— Bond of the present outstanding on SEC Manager, will succeed Julius Liebmann as Chair¬ Philip Liebmann, Vice-President, Treasurer and Village corporation There shares holders Managed Funds, Inc.—Registers With SEC— and Advertising 3053. covering ferred 2,000 March .> company, on Feb. 20, filed a letter .of notification with the covering 36,618 shares of preferred stock and 18,309 shares of common stock, both to be offered at par ($5 per share). There will be no underwriting. The proceeds are to be used for working capital. Bankers series to previously paid simultaneously voted share a 5 '/2 % and • The The the Files With SEC— 6EC offered in was as Marquette Casualty Co., New Orleans, La.—Stock Off'd With Securities and Exchange Commission— - of board but President as Hermann General and Lincoln to Associates, Committee; Director shares. Keep group, rate same directors $1.50 the Inc.—Changes in Personnel— retired has the Board, of man If (O. bond of the stock. reduced $189,000. were with years Liebmann Director now are income Chairman of the the company, Liebmann, Executive employed Arnold Staunton of Beverly as duly licensed agent of the company in consideration for which the company agreed to pay Mr;. Staunton the sum of 17 V2 cents for each share sold and issued. 200,000 the Liebmann Breweries, per the in reduced $662,000; Series E 41/2s were following 64 , UNDERWRITING—Company Hills, Calif.,, to sell the shares CAPITALIZATION—Of which At mortgage stock, payable April .1 common is at The the same time it re.duced the. fixed interest obligations by $116,- January. retirement while series F 5s Julius whatsoever. estate About April 1, 1950, the company's address will be in its own factory 3555 Hayden Ave., Culver City, Calif. in consolidated Heaviest 4s, • * real of "under one roof"; to pur¬ additional working capital. CORPORATION—Incorporated no the common were reduced $421,Underlying liens of the road were reduced over $100,000 in January, Total retirementa of contingent interest bonds since the effective date of the adjustment plan have exceeded $5,200,000—V. 171, p. 558. shares of common chase purchases amount 000, Sold—The (Calif.)—Stock Monday, March 6, 1950 on a mortgage market D Corp. general reduction of $1,272,000 principal amount contingent interest bonds through open made has company Its 000. ,«* Kaye-Halbert CHRONICLE This 1940 $531,178 266,600 ' 2950 $435,648 FINANCIAL Reduces Indebtedness Kansas Oklahoma & Gulf Ry.—EarningsJanuary— & COMMERCIAL stock, board on Feb. payable also declared declared a a 30% stock dividend on the holders of record March 3. quarterly dividend of 10 cents a share 14 to Net * from from Net ry. 1950 railway oper. 171, 1947 $2,238,030 $2,337,693 *303.173 *281,952 *204,435 $2,163,914 105.953 *510,046 *524,200 *396,566 *54,483 income™ Deficit.—V. 1948 1949 $2,058,548 railway p. 697. Mississippi & Alabama RR.—Abandonment Approved 30% Stock Dividend— 24 March Gross The 17-mile due to ICC has leased authorized line between the company Leaksviile, unprofitabl operations.—V. 116, to abandon Miss., p. 935. operations on and Vinegar its Bend, Ala., f Volume 171 THE ^COMMERCIAL Number 4887 "Mississippi River Fuel Corp. the Gross from Net from Net ry. —V. $367,182 railway..— railway income 171, 1948 $363,988 $357,408 154,438 82,313 154,851 69,921 ... trade $279,996 112,873 54,710 166,512 82,101 from ry. 1,281,550 469,220 income 171, It was reported time 171, This shares this Feb. on month and . The to in of ment each sidered.—V. The trust and will company receive due over bids March period a of V 171, Ranch deposits properties The —V. also are Monsanto 171, New the in Fuel the Associates issue Power be to for that estimated of of its stock natural for sale and legal development initial of The the supply of ry. Option Utah on certificate a Gas Co. at this J. in assets has court and North Continnent that announced 24 Wilmington, has it for Del., England by $30,000,000 of The the System, for will proceeds and parent of required tional common 559. share for p. the sale 1949 $555,810 9.033 "99,060 44,075 "124,244 "99,943 "223,310 "82,051 1948 , 1947 $657,876 the under company Section 77 of the Bankruptcy is Chairman of the committee.—V. will •—V. 171, p. 194. Montour of New York, tion $400 used be per to $330,000 Net from Net ry. —V. 1948 $257,244 $253,241 January— 1950 1949 1948 $420,415 $313,637 130,477 $415,624 93,461 $383,878 railway--—__ 46,017 of "18,529 54,569 63,342 66,034 33,940 "77,282 "3,540 income— 171, income.— 30,036 64,000 65,441 in share. 171, financing by the First that and payment call company. to was Property—Private Leased with expire Dec. on purchase $600,000 Insurance under 31, rental, to Fi¬ Co., lot. payable Ended Dec. the decided partially was the to instalments it financed* by over 12 —V. #,i. income at The 1948 $855,790 368,790 332,914 11,393 17,810 168,024 reduction share of the debentures 191,925 $313,140 also. in 1962 1, at 104 interest. and National Railways of Mexico—Offer United railway of these either is the offer of the eligible Plan A American by Mexico securities 55% of obligations, of that securities holders excess States or V. $100) for Payment from Co. is will the be declared operative B under (Pan the ry. —V. March vote 6 on proposal a declare stock dividend.—V. 60% a of March Net In Net —* income— "Deficit.—V. 171, agent, between the Bankers of American funds received it the meet payments United on Trust Co.) has from Co. been 1, 1950, States Mexican that announces Mexican the March and the the it has on The the of stockholders common March from all 28 will shares references consider without to any par of is to with G. Nesbett, total $497,000 end of President, on approximately or $8.91 per Feb. 28 $555,000 share, changing the value to $1 the of the last fiscal year.—V. Niagara its Hudson- by stock. common net share, Nov. 30, of notification at 100. No 400 with ' SEC the of shares 1949 $551,513 "33,688 "103,572 value; 170, assets plan for '• 851. hearing March on 28,276 shares of common stock close of the New after the made Ohio Public Service See also V. 171, : 10. Secondary Distribution—A secondary — distribution of was SEC • Ohio Oil Co. • for March 10— this company of The into merger has been scheduled of the change Feb. 28 at $26.62x/2 on count of York (no par) Stock 45 Ex¬ share, with dealers' dis¬ per cents per share. The distribution was made through The First Boston Corp., Coffin & Burr, Inc., and Paine, Webber, Jackson & Curtis. Oversubscribed.— .V. 171, p. 465. • Oklahoma City-Ada-Atoka Ry.—Earnings— 195# $*'•' $79,659i ; 33,785 5,435 January— ,, Gross from Net from Net ry. —V. railway railway. income oper. 171, 1949 $81,353/ . 35,246 8,779 1947 1948 $79,470 29,235 8,584 $86,510 43,817 16,443 560. p. Oklahoma Natural Gas Co. Secondary Offering—A — offering of 7,400 shares of common stock was made Feb. 27 at $35.87V2 per share, with concession of 70 cents per share to participating NASD a members.—V. 171, 851. p. / Omar, Inc. — Preferred Stock Offering—KirkpatrickPettis Co. heads a group of underwriters which on March 2 tive publicly offered 20,000 shares of 4V2% cumula¬ preferred stock (par $100) at $103 per accrued dividends from March 1, 1950. This convertible share and offering is subject to 16,933 of these shares being offered by the company in exchange for presently outstanding 6% cumulative preferred stock, share for share, plus payment to the company of $1 per share in cash.—V. 171, p. 697. Oregon-Washington are capital. RR. Navigation & Co.—Partial Redemption— The of 1949 1948 $766,206 $753,433 $723,475 $733,937 170,038 168,464 115,448 58,291 44,556 41,010 company for redemption on April 1, next, $541,000 series A, due Oct. 1, 1960, at 101V* be made at the company's office, Room called has refunding mortgage bonds, 3% 146,417 63,179 and 1947 interest. Payment will 2822, 120 Broadway, New York, N. Y,—V. 169, p. 807. Pacific Gas & Electric Co.—Registers With SEC— Feb. 23 filed a registration statement with the SEC covering 1,656,156 shares of common stock (par $25) to be offered to common stockholders about March 20 at the rate of one new share Ry.—Earnings— * 1949 for $11,853,486 $14,801,038 2,321,195 4,169,874 — 1,4 85,056 2,669,217 1,454,703 _ Feb. announced plan each amendment. owned. shares five Unsubscribed will shares pany's construction for of the all 23 assets the by distribution its among except its Approved SEC, the Commission the security holders of interest in a foreign found that the provisions the of plan and the North Continent's security holders equitable to all interests affected. * '• of the (no the three of Under preferred cash subsidiaries Falls Gas of Co., common shares; & Storage all The a available preferred stock of Co., of 87,544 shares all the of Shore shares of of will non-cumu¬ Oct. also Continent's hold¬ of stock common outstanding Gas Co. common all constituting (as of $7 North North 43,772 cash stockholders of all follows: as Ice Cold and constituting stock shares par) and 166,746 shares of plan, there will be distributed the par). outstanding common 31, of shares; being 35.38% will (Saulte Ste. common Marie, stock the program.—V. ern's expected to expire April 5. underwriters to be named by to finance in part the com¬ are by used 171, p. 697. one of The of North is and of North Continent's interests distribution, properties are t Great in sale considered of most such will are interests for share -for six each of the or receive now of Great North held. The subscription price i» offer of the stock financing, which will approximate $81,r rights to subscribe are exercised, will be used to reim¬ proceeds 316,000 if the after, the all company's treasury, for construction expenditures. There¬ remaining proceeds will be used to repay then outstanding borrowings, from banks to the extent that such proceeds are sufficient, therefor. Such borrowings, made for construction purposes, both for the company and its Nevada, are presently remaining balance of purposes.—V. 171, p. wholly-owned subsidiary, Bell Telephone Co. of outstanding in the amount of $67,400,000. Any the proceeds will be expended for construction 851. Inc.—Exchange of Stock— new the stock. not shares share. The record date and expiration date of the supplied by amendment. No underwriting is involved, The of the mount company Pictures United the North¬ Continent's and Corp. Pictures, certificates of interest in common stock Inc., surviving companies under the reorganization plan pursuant to terms ol Theatres, Inc., consent stockholders as of Feb. 8, 1950, a total of 81.34% been exchanged for common stock of Para¬ that had Paramount anti-trust The suitable reports stock common Paramount common desirable Net be burse of Continent new new per to common outstanding / Northern Co.—Registers With SEC— on company Paramount Pictures, 67.74% receive Ont., Canada). stockholders Continent's public for of North remaining 32.26% for be Feb. 23 filed a registration statement with the SEC shares ($100 par), which are to be offered subscription by holders of outstanding common stock at the rat* The covering 814,694 1948).. Continent, which is to be recapitalized on one stock basis with 64,616 shares outstanding pending disposition its interests in its remaining subsidiary, Great Northern Gas Co., North Rights offered be proceeds The 2,658,735 $109 stock Great The compared 1949, - s 1947 $545,826 125,454 54,575 1948 $555,705 26,578 "60,927 common Ry.—Earnings— and value par par stock.—V. that per on of 1950 48,150 shares preferred iespectively 170, p. 2586. of underwriting. Proceeds shares; $9.38 lean share per letter a working Denver announced or bank the company now has outstanding 43,772 convertible preferred stock (no holders ings these at 128. 560. a fair and lative of Fund common and income-^- Commission The • available (The) Nesbett Fund, Inc.—Asset Value Higher— John of proposed allocation of assets among Ltd. the accompany share offered be to corporation The Committee 1805. p. should 0.78 corporation. de¬ Change Par Value— on stock eliminating on p. 560. p. approved of also which for 10-year debentures additional decision, a this sufficient holders p. 560. p. Pacific Tel. & Tel. In agreements fiscal Nehi Corp.—To 2438. cents filed 13 6% railway p. 171, common the International Necessary forms to enable securities to accept the offer are agent.—V. 171, p. 465. railway office Co., North Continent Utilities Corp.—Liquidation designated Government under Mexico. Mexican of Trust due The Co. interest. Payment trustee, 100 Broadway, , railway oper. 171, —V. agreement. American Trust exchange in 25 operating revenues railway operating revenues railway operating income income ' Net to 2. 152, secondary (par $15) January— Suisse, fiscal As to Norfolk & Western as the increase RR.—Earnings— $568,249 "25,614 "119,589 railway railway accrued requirement for Railway Government Stock Div. to The company on Operative— Mexican ; which calls for the expenditure of $51,800,000, disclosed.—V. 171, p. 465. will and oper. ry. current trustee, successor ad¬ 171, for 1950 from from Net de posit with cash Feb. on (par Gross Mexican Government as fiscal agent under the agreement. Mexico, Ave. del' Cinco de Mayo Num. 2, Mexico City, appointed special agent by the government. The following banks have been designated by American Trust Co. as paying agents: in England, Central Hanover Bank & Trust Co.; in France, Belgium and Holland, Banque de Paris et des Pays-Bas; and in Switzerland, "to the Co., Portland, Ore.—Files With SEC— company Net been Credit 101, issue . 851. p. used the Banco has 1950, at banks the bonds the corporation will redeem 5%. gold bonds, series A due and 101 and stock January— notifying holders of certain Mexican of at York reduction a 171, be to aggregate original dollar amount of railway assent, has been presented for acceptance of for Plan Trust with mortgage Mohawk Power Corp. from $1.00 to 75 cents per share of covering $50,000 of has called for redemption on April 1, next, through fund, $125,000 of 15-year 4,/2% sinking fund at the Guaranty Trust Co. of New York, Broadway, New York, N. Y.—V. 171, p. 850. The agreement $1.76 tax made 140 the Norfolk Southern April that 28 mortgage 2586 pp. equivalent, Noon Bag The the sinking due Feb. 1950, New common result amount See 697. corporation the approved first 1, The .170, stock of Niagara National Gas & Oil Corp.—Partial Redemption— operation of Life Syracuse. . on May on made The was $822,351 _ expenses income share p. of 24 . outstanding York.—V. each an 1949 income 171, received Metropolitan Niagara Hudson Power Corp.—Bank Loan Reduced— Life $1.54 Federal per and Co. existing 5% first next interest date, May 1, stock Net Earnings securities have been these Insurance the announced 1951 be New years. $274,144 Provision for Life Co. Feb. on , its 1, of sale Mutual of period a the of notes.—V. Executive Vice-President, 1950 from Net Corp.—Arranges the ACCOUNT 31— less other expenses, Deposit the on was of will plant possibility was to' Hancock John INCOME Gross profit from operations Selling, general and administrative Other of Chicago the building it now occupies transaction has just been completed. This in its in view In management COMPARATIVE 6 Months to purchase Mutual redeem to price. all purchase price of $900,000 3'A% debentures of lease a 1950. the company the adjacent parking The of operating was increased to and directors voted Nov. interest Service Calls 5% Bonds for Redemption— Corp.—Buys company greatly a best Trust The nancing— The Commitments Northwestern It Nachman Water the standby and loan agreement and includes the following insti¬ tutions: The Marine Midland Trust Co. of New York, Fidelity-Phila# delphig, Trust Co., jyhe Marine Trust Co. of Buffalo, Bank of '^h6 Manhattan Co.,-Entire Trust Co., Title Guarantee & Trust Co., apd 753. p. $150,000 time. program, share per The group of banks participating in is headed by The New York Trust Co., The offering represents the holdings of sell¬ new 1975. from block of 53,000 shares of common stock at $11.50 ing stockholders and not —V. an Insurance Co. (The) Muter Co.—Common Stock Offered—A banking syndicate headed by Dempsey & Co. on March 3 publicly per sell parent, aggregate , 559. a York corporation has "not received approval from the New York Public Serv¬ ice Commission, or has not consummated the sale of, new first mort¬ gage 3V4% bonds, due in 1980 and 4% sinking fund debentures, due (A. A.) Murphy & Co., Inc.—Stock Offered—1 offered its an on Piper, Jaffray & Hopwood on Dec. 28 publicly offered 6,000= shares of 5^2% prior preferred stock at par ,<$50 per share! and dividends, the proceeds being used to pay bank loans.—V. 171, p. 6. v off pay outstanding and to or capital stock from $2,000,000 to $3,200,000. It is the inten¬ the directors to reduce the par value of the stock from $25 to of "Net agreement provides that the corporation may borrow this sum May 1, 1950 for the purpose of effecting the redemption of its out¬ standing first mortgage 5% gold bonds, series A, if by that date the 68,716 oper. 171, p. issue stock 559. p. Standby Agreement—Calls 5% First Mortgage Bonds— The corporation has arranged a standby and loan agree¬ ment for the sum of $10,500,000, it was announced Feb. 24 by Richard L. Rosenthal, President. 97,04u to share, $10,000,000. stockholders Gross 60,086 oper. ry. New 1947 1950. 1925. $50,000,000 in common stock and serial half of this year to finance its 1950 has disclosed. The first portion January 1947 railway— from from Net $302,866 1950 4, company Northwestern Pacific The 1949 $95,462 • April on 23.—V. 167, p. 171, and Loan railway—__ railway— lrom 8. of eight held. the at yield Merriam, The Susquehanna & Western RR.—Earnings— Net RR.—Earnings— January— Gross U. program calls for the sale in May of 304,500 addi¬ shares to common stockholders at the rate of one new each construction John Act. Uhrbrock, 559. Gross 1950—12 Mos.—1949 to Northwestern National Insurance Co.—60% New York $1,168,877,256 $1,308,321,364 the enforcement and Its security helders corporation. Ohio Edison Co.—Hearing on Plan $66,688,902 V dis¬ financing $10 of P. p. the 1950—Month—1949 be The offering price will depend on market However, it is estimated that the stock As the second step in its program, the company will take bids in June on an offering of $40,000,000 in serial debentures, although the exact date has not yet been decided. The proceeds from the two offerings will be used to finance the 1950 Ry.—Earnings— $592,223 the program, convenience 171, H. $61,457,737 will among except its interest in a foreign scheduled the matter for hearing Electric be would lines.—V. ganization E. "Deficit.—V. Period End. Jan. 31— is authorized company Sales sale . ICC, on Feb. 2, authorized a committee for holders of. ref. 4s, 1992, to solicit authorization to represent bondholders, • without deposit of the bonds, in connection with the proceedings for reor¬ Montgomery Ward & Co., Inc.—Jan. Sales Off 7.8%— applied approval approved by the commission Feb. was construction due by common a - The company plans to sell debentures during the first The an Feb. on $480,000. Algonquin stock "16,414 income-— oper. If Northern Natural Gas Co.—Financing Plans— application will be made transmission the of of $509,475 railway railway new 560. p. "Deficit. the covered its vances of 1950 from the to dissolved. recapitalizing. Court plan New from gas Provindence shares 250,000 feasible, Commission is construction be Juris¬ of the plan, the proceeds will be and common stockholders of North The company has received SEC authorization additional 1,200 shares of its $100 par capital Committee to Solicit— of of all The Transmission organization and sell and found the Connecticut or will an Upon reserved States. England to with distributed be permits Northern. Commission ,the plan of this corporation for distribution purchase 125,000 Gas engineering transmission Jersey England of will Continent consummation Continent Great in the Northampton Electric Lighting Co.—To Issue Stock— to proceeds and which present preferred the foregoing basis on SEC District Association—Purchase the use New & It the from 697. p. Federal Net Ratliff, which adjoin the Humphrey option. p.ans to prospect the deposits in explora¬ tory work which may extend for several years, Mr. Christian an¬ nounced. The company is conducting similar investigations in Florida and other western areas. Completion of these studies will precede any decision concerning expansion of present manufacturing facilities. holdings, The ' 1949 Algonquin of connection January— 850. p. option to purchase part of the exten¬ Humphreys Phosphate Co. of Denver, Christian, General Manager of Monsanto's Phosphate announced on Feb. 23. The deposits are near Vernal, Utah. Division, in New with necessity. Gross equipment $3,000,000 for 6 years.—V. 15 Co.—Acquires has obtained company York, the Gas to pipeline for a proposes finance stock investigations the venture is Net Chemical phosphate Colo., John L. 1.4%— $7,664,392 authorization SEC proceeds North without conditions Phosphate Properties— The Electric & interests over 7 Court Hearing— 1950 New York Ontario & Western 850. p. certificates sive solved its of and to pf North recapitalization sale, cash to Continent 170, the 171, Monsanto If of incurred in gas the to , St. in be Eastern time. to company will until noon (CST) on March 6 Louis, Mo., for the purchase of $3,000,000 equip¬ trust certiiieates, series NN, dated April 1, 1950, and due $300,000 April l, 1951-1965, inch No bids of less than 99 will be con¬ bids Avon $7,560,349 par common The latter is cost New Algonquin Equipment— trustee receive the Participating railway..— on $1 planning of are Bids the of points 1950 1949 194.8 < 1947, $15,406,125 $16,788,653 $17,179,801 $16,063,613 from railway 2,916,846 3,218,051 3,366,821 4,051,580 ry. oper, income*.—' 1,413,474 1,512,218 1,523,815 2,155,569 Net with the prior distributed of Gas of the effected under the contract . England services $1,680,000 January— Net manu¬ The allocation stockholders to softener, a — Association has received natural from 1948 6, 194. p. defray Missouri Pacific RR.—Earnings— Gross into diction, purposes. Corp. to manufacture and package the product.—V. for- $125,000.' to the company plans the issuance equipment trust certificates.— that 24 of ■ 697. p. entered beard Approved— 920,154 252,059 Co. some has corporate Maryland Oct. liquid (J. J.) Newbury Co.—January Sales Off 1947 $4,974,611 May Issue Equipments— V. a It immediate effectuation The $6,456,177 $5,945,486 1,152,029 1,090,119 317,986 ' 327,410 $5,690,309 railway..__ railway oper. in distribute Month of January— , New 1948 1949 for general organized "Neville." name —V. 1950 from Net used was and Sales;——-- January— Gross be to advertise security holders. - , stock common 2333. Missouri-Kansas-Texas Ry.—Earnings— Net of (951) 1947 697. p. proceeds corporation facture, p. 1949 oper. net The shares CHRONICLE 1949 publicly offered "as a specu¬ (par $1) at $1.25 per share, Co., New York, on Dec. 100,000 Allied Products 1950 " & Dunne lation" Missouri Illinois RR.—Earnings— January— Neville Corp.—Stock Offered—1 ■ Secondary Offering— — Goldman, Sachs & Co. on Feb. 27 made a secondary of¬ fering of 7,500 shares of common stock (par $10) at $38 per share, less a dealer commission of 40 cents per share. —V. 171, p. 753. FINANCIAL & decree. who have not as yet surrendered for their old stock exchange into the two new securities are requested to send same, together with letter of transmittal, to Manufactures Trust Co., 45 Beaver St., New York 15, N. Y.—V. 171, p. 106. ■- 8 (952) THE Parking Services, Inc., 'Washington, D. C.—Stock Of¬ fered—James T. De Witt & Co. on Jan. 16 publicly of¬ fered "as a speculation" 120,000 shares of class A common stock (par 500) and 60,000 shares of class B common stock (par 100) in units of two shares of class A and Out will of the allow underwriters' a selling discount concession to of $1 unit, per dealers who the of underwriter company any of ment to market the Ihe between the dated Jan. 16, firm no aforesaid sell is nor purchase the there firm any commit¬ any agreed or minimum number of the units, to use only his best efforts to sell such —V. to acquire property and for working capital. Dec. on 22, 1949, in Delaware, and main¬ its principal oflice and place of business at 1419 Eye Street, Washington, D. C. Company proposes to engage extensively parking and garage business, and intends to acquire, lease and/or purchase, and operate, parking garages, parking lots, other any business. other Park-O-Mat for cf will a in and entered Inc., the Philadelphia, with l«o Washington, Services, use 206,555 income—.. ,121,169 92,495 155,810 134,593 88,520 oper, 171, 234,625 lend themselves the to into D. to agrees cities Pa., of of contract a C., under make with the firm Washington, a 1949 etc - 1948 $6,728,153 1947 J delivery D. which of the com¬ Baltimore, C., to Md., CAPITALIZATION GIVING part upon the number of in EFFECT TO PRESENT cars 6,892 352,000 $527,645 profit Loan Placed $564,347 Gross $559,542 from Net Cr56,226 ry. trustee.—V. Net Dec. The of 1949 720,795 stockholders last month (par value 50c 1 50,000 shs. 120,000 shs. ry. B stock (par value 10c) 500,000shs. 125,156 shs. bonds due The company is inviting bids for the purchase from it of $3,000,000 first mortgage bonds to be received at the office of Common¬ its wealth Services, (EST) a.m. Inc., pir** March on 13, tot., YorK, r ew 1950—V. N. 5, Y., before 11:30 171, p. 851. —V. Pennsylvania Power & Light Co.—To Redeem 3% De¬ bentures from Bank Borrowings— for informed were that Privately— All of the outstanding 3% sinking fund debentures due Oct. 1, 1965, have been called for redemption on April 1, next, at 103.16% and accrued interest. Payment will be made at The Pennsylvnia Co. for Banking & Trusts, 15th and Chestnut Sts., Philadelphia 1, Pa., or at The Chase National Bank of the City of New York, 18 Pine St., New York 15, To N. with a of group the State will be The balance of The in of the purpose has arranged company nine banks, headed by The Chase National Bank of York, to borrow $27,000,000, of which $18,000,000 equal annual instalments beginning Oct. 1, 1951. New repaid above 10 $9,000,000 will become due Oct. 1, be paid $10,200,000 series Y equipment trust certificates matur¬ ing annually Jan. 1, 1951 to 1965, inclusive. Subject to Interestate Commerce Commission authorization, the cer¬ tificates were reoffered by the group at prices to yield from 1.40% to 2.55%, according to maturity. Bros. Hutzler, 99.568 for 2%s. certificates, issued under the final series to instalment Y. The provide estimated of bids 2Vt% a V. 10 viz.: Salomon and 171, cost not freight less than passenger $6,025,000. equipment consists "A" units; 39 Diesel- "A" units; 27 Diesel-electric freight locomotive-type "B" units; 109 Diesel-electric switching locomotives; and one Diesel-electric road switching locomotive. Associated in Schoellkopf, the Hutton offering & are: Paine, Pomeroy, Inc., Webber, and Jackson Reynolds & & Curtis; Co.—V. 171, 754. p. of the share. stock common the on • received be SEC authdrization Electric System, for $80 per share, used to retire to issue 3,750 shares or of sell Corp. of for of color of notes.— America—Reports Rapid Progress in several Dr. E. W. Laboratories, types of single tri-color direct-view picture reception is progressing rapidly, and two of types will be demonstrated within the next few Engstrom, Vice-President in Charge of Research, disclosed to the Federal Communications Commis¬ 171, p. 195. -'• Reading Co.—Earnings— January— railway railway ry. will 1949 1948 2,316,780 1 063,080 560. p. Feb. directors Mack, Jr., Chairman to Presidency of the Mr. United States. of Sheldon the on announced t'-e Under a For 21. of , , and Alfred N. in Steele Mack has been President Co. last charge of of sales March and prior years Walter by employees plan, company officials stated.—V. 171, Coons Net —V. he was in board.—V. 171, director a fill to an existing $2,352,265 $2,217,795 324,016 201,639 53,570 682,975 275,638 308,323 Pet Milk vacancy to Finance 1950, of at upon certificates representing called shares on or after March City Bank Farmers Trust Co., 22 William the Y.—V. sur¬ by the the this . 171, St.. New 110, p. ' 10, York, The Associated Growers, Inc., Aurora, With SEC— 111.—Filed line company on Feb. le filed 1,000 shares of class shares of underwriting capital and stock common involved. research The in the letter a covering 932 B (par of notification with the preferred stock (par $100) $25) to be offered at par. proceeds be to are development of used hybrid for SEC Life Insurance —V. decided the 171, P. p. In order an Morgan Co. make $356,483 share, & and the No Co., The In has company of $22,517 fund of purchased per share $250,000 in set 11,102 its aside common recent for Nov., 1949, the company used $100,000 price then was $20.89 per share. V. 171, shares request for tenders p. on Month of to at an average tenders. stock was buy stock exhausted. The average 560. Net Net railway 1950 operating income after fixed —V, —V. to filling $16 1949 3,036^99 ihcome_„_,.r_ 556,971 763,159 447,174 charges 598 566 Pittsburg & Shavvmut RR.—Earnings— January— Net ry. —V. 1950 1949 railway____ railway $160,582 $168,515 $234,801 48,764 35,315 77,618 income___ 71,331 42,562 35,171 60,395 54,931 from from oper. 171, p. 560. new the program $1,000,000 In its outstanding Mutual amount of Life the Co., $3,075,000. 852. January— p. NASD —V. 169, of 1950 1949 Increase $968,209 3.1% 196. 1948 1947 $187,793 p. The a concession of 500 per share offering was oversubscribed. 807. Congregation (Milwaukee, West and Wis.)— Bonds Offered— Ziegler & Co., Bend, Wis., Catholic The of Diocese proceeds of are construction working capital.—V. Chicago, Milwaukee. to of be a used to new 127, p. 2606. repay church temporary building loans, and for to Fund, Inc., / • required a and notice registration with the on SEC.—V. the Exchange 171, 852. p. Association—Secondary Distribution—Paine, concession a 171, of 500 a secondary (no par) at share per to 852. p. finance Stock Offered— of the company and its subsidiaries a total of 20,000 of common stock, for subscription prior to ees shares April 15, 1950, at a price of $10.65 per share, purchasers to sell them prior to Sept. 1, 1950, to agree not to loans above held net from proceeds to are used by National in a Bank the sale the of 20,000 shares majpr part to reduce outstanding of Detroit. BUSINESS—Company, incorporated in Michigan on June 20, 1919, wholly-owned subsidiaries: Shedd-Bartush Foods, Inc. (Illinois) Elgin, 111.; Millers Food Products, Inc., of Detroit, Mich.; Shedd- has six of Bartush of Foods, Inc. <Ky.), of Louisville, Ky.; Southern Margarine Co., Southwest Margarine Co., Inc., of Dallas, Texas; Greenville, S. C.; dressings, (viz.: mayonnaise and Sales. company 109,000 and the manufacture margarine, sandwich peanut butter), and, and sale, primarily (including salad dressings spread) to and peanut minor a products extent, prune pickles. reenforced of to at Detroit, owns, concrete square rented are and peanuts juice Foods company is engaged in its own brand names, of feet the and of brick floor Hostess Mich., structure, (of space Ice two-story a Cream containing which Co., about and approximately 27,000 affiliate, an frame steel square at feet monthly a $1,200). FOODS, INC. (ILL.)—Owns, at Elgin, 111., a fivestory reenforced concrete and wooden structure, containing approxi¬ mately 49,000 square feet of floor space, which plant produces mar¬ garine. * SHEDD-BARTUSH FOODS, INC. (KY.) owns, at Louisville, Ky., two three-story structures containing approximately an aggregate of 160,000 square feet of floor space. This subsidiary also owns, at Terrell, Texas, one-story cement block and feet of floor square steel building, containing approximately space. SOUTHERN MARGARINE CO. owns, at Greenville. S. C., two-story a brick and wood structure, containing approximately floor space. 41,600 square feet of CAPITALIZATION GIVING EFFECT PRESENT TO Authorized 1%% promissory note, due Nov. 30, 1951 2 Vz% bank loan, due Jan. 19, 1952—_ "This stock note val. (par is owed NOTE—On were stock so shares class of Dec. amended 19,100 B (par $1 per of 28, A and, 700,000 500,000 shs. 419,872 shs. Cream Co. company's articles of incorporation capital stock was changed from authorized common stock common $1) the 1949, the that class Ice p *$275,000 700,000 share) to Hostess FINANCING Outstanding $275,000 (par stock $10), (par to $10), 500,000 and 19,100 shares of shares, common forthwith thereafter, 156,200 shares of the com¬ mon stock (par $1) were issued in exchange for the then outstanding 15,620 shares of class A common stock (par $10), and 156,200 shares of common stock (par $1) were issued in exchange for the then out¬ standing 15,620 shares of class B common stock (par $10); that is to an say, aggregate of aggregate value of 312,400 shares $312,400) of common stock (having an issued in exchange for 15,620 15,620 shares of class B common stock (having an aggregate par value of $312,400). Forthwith there¬ after, an aggregate of 87,472 additional shares of common stock were par of class issued to for of each the shares so A common'stock were and stockholders, being the on basis of 28/100ths of a share share $87,472 already held, and, in connection therewith, the sum. (being the aggregate par value of the 87,472 additional: issued) was transferred from earned surplus to capital in respect of such shares.—V. 171, p. 698. Sightmaster Corp.—Registrar Appointed— Chase National Sinclair Oil Boston 111., in Dec., 1949, publicly offered $500,000 of first mortgage serial bonds, dated Oct. 15, 1949, and due serially to Jan. 15, 1965, at prices to yield 2 V2 % to 3(4%, according to maturity. The Congregation is a Wisconsin religious corporation of the Roman cost Mutual Shedd-Bartush Foods, Inc.—Common The Catherine's Z. 169, make the Security Co. no its capital stock will in due to was listing share, with per shares members. from Bank of the pointed registrar of the preferred St. Pro¬ Blair, Rollins & Co. Inc. and Shader-Winckler Co. on Feb. 28 publicly offered 120,000 shares of common stock (par $1) at $12.25 per share. This represents part of the holdings of a major stockholder. Concurrently, there are being offered by the company to certain key employ¬ Rome long-term Insurance loan merger NASD members.—V. and Incorporated, The Connecticut Mutual $997,974 171, B. Gross the of American on Feb. 24 made distribution of 5,500 shares of common stock Common finance increase Co. the and $3,770,570 2,444,625 171, p. 560. Net a Rothmoor Corp.—Secondary Offering—Lee Higginson Corp. and F. S. Moseley & Co. (jointly) on Feb. 23 com¬ pleted a secondary offering in the unlisted market in Chicago of 20,000 shares of common stock (par 400) at to $2,870,051 revenues expenses became expand the production facilities plant to include rigid conduit Massachusetts total Calif., to $6.37% per share (net), less Pittsburgh & Lake Erie RR.—Earnings— January— Railway operating Railway operating Torrance, and company for Rose's 5, 10 & 25-Cent Stores, Inc.—Sales Up— working corn. sub¬ Insurance Feb. 23. on Webber, Jackson & Curtis $865,421 cents 89 and Pickering Lumber Corp.—Accepts Stock Tenders— The with 1950. Sales price $250,833 compared 3, California negotiated with will Jan. cn accessories. has common 1949—9 Mos.—1948 quarter. Manufacturing lias of loan J. per 1948 Cable company product which The Privately— seven-year working capital.—V. * of reenforced concrete, 1949—3 Mos.—1948 *$164,227 cents Rome of company Pfister 41 Andersen-Carlson certain to . effect Shawmut 46,000 Expansion— corresponding part add withdrawn, Corp.—Earnings Lower—Loan Increased profit "Equal to the 119,87.2 Mutual Life announced was to The to be a Cable Operating Co.—Partial Redemption— company render 724,378 the has called for redemption on March 31, next, 3,000 shares of its 4(4% preferred through the sinking fund at $ioi.l25 per share. Holders may obtain the full redemption price N. 1947 594. p. Period End. Dec. 31— The 1948 Vice- a 851. p. 1949 $2,264,841 551,996 income— oper. 171, Rome elected was ry. 1938. i960 $1,953,644 railway railway from Mack 1957 course rental 852. p. Fredericksburg & Potomac RR.—Earnings— from Net Mr. Coca-Cola Co. R. the 59,211,971 530,171 137,404 contingency charges— existing California corporation, The the Gross 1949 578,471 an 1. Up to ten shares may be purchased by each employee who will be permitted to pay for these shares over a period of 24 months, at a cost of $11.25 a share. About 26,000 shares are available to since operations thereto to S. 1950 i,621,330 1 . Since The employees' stock participation plan, announced on 24, employees of this corporation may buy shares of stock in the company at approximately 3 points below the market value, effective Richmond of Pepsi-Cola to number a promotion 566,687 longer under new January— the beard, Mr. company. was brought Vice-President President 1 of Steele First as March on 550,958 . ■ 1947 $9,597,179 Feb. Pepsi-Cola Co.—Mack Becomes Chairman— 502,980 SYSTEM OF income used SHEDD-BARTUSH The 1,306,876 Co., Los Angeles, Calif.—Merger EffectiveTrading— merger referred Remington Rand, Inc.—Stock Offered Employees— under 1947 >8,141,028 1L,307,440 York, it be and Shedd-Bartush March 1948 $8 J,982,570 1,221,504 effective Feb. 21, therefore the capital stock of Security Co. suspended from dealing on the Los Angeles Stock Exchanges as o! bank $8,494,583 $10,447,711 $10,110,809 1,378,760 1,761,971 1,436,225 630,183 675,299 478,037 income oper. 171, ' 5 1950 from from Net 1949 $8,720,887 '574,786 and PROCEEDS—The t Gross Ry.—Earnings- became was additional outstanding television advanced sion on Feb. 27.—V. Net be to aggregate of $300,000. an $300,000 and Development— weeks, fixed Security adjustment1^ 170, p. 1918. 698. p. more RCA will No second This locomotive-type locomotive-type preferred instead a cash issued; conversion.—V. par) will Development the —V. the are be each of $20,820,000 trust certificates, principal amount of this issue will be used fohowing new standard-gauge railroad equipment, the Diesel-electric electric received, Philadelphia Plan, issue an will England ($25 proceeds tubes aggregate for to of were coupon; & The and other for of for common (lie market value upon has its. parent-New capital stock Radio RR.—Equipment Trust Certificates Of¬ fered—A group headed by Harriman Ripley & Co., Inc., and Lehman Brothers on March 1 was awarded Two based company New winning bid was 99.0566. Stuart & Co. Inc., 99.053 shares of Quincy Electric Light & Power Co.—To Issue Stock— Pennsylvania The shares consum¬ mation of Halsey 2Va common 1960. redemption of the 3% debentures is subject to final the banking arrangements.—V. 171, p. 698. of day before-the date The 99 1,269,133 income— of New The may rate The the than 2319. p. Colorado—Calls Preferred Stock up to and including April 14, 1950, on the basis of par into shares of common ^stock at the price of $40 per share, or fractional' Y. provide funds for less 7 equip¬ $05,000 Stock Withdrawn From converted -will March on $975,000 and due 1950 after ceeds is mortgage 4Vfe% company company has called for redemption on April 24, next, all of its outstanding 4.40% cumulative preferred stock at $105.25 per share, plus accrued dividends of 66 cents per share, at the Guaranty Trust Co. of New York, 140 Broadway, New York, N. Y. Such shares the of 1950, corporation has issued $500,000 of Co. the to Public Service Co. of at (CST) noon purchase $8,162,456 ordinated notes due The vaiue, the 171, p. 698. The company's earnings due the sale of $600,000 general insurance companies at 101. The proceeds are to be repayment of bank loans and for working capital.—V. 169. 1961 1339. be until for Mo., *$2.29 Pennsylvania Power Co.—Bids for Bonds Invited— of will company Louis, railway railway oper. Balance 404,375 making arrangements for Class used the St. January— Operating revenues Net railway operating *865,256 Public Electric Light Co.—To Place Loans stock p. 391,024 Securities Acceptance Corp.—Places Notes Federal tax is payable on parent to carry forward credits.—V. 170, p. 2133. The of in from from "Loss. NOTE—No Outstanding 106,792 St. Louis-San Francisco $1,481,372 404,375 : share common 138,625 $1,534,023 472,285 245,993 January— 1948 $6,677,782 $1.63 shares common per 1947 793,223 EARNINGS sales profit after all charges Unci. Massachusetts income taxes) Earned 1948 $2,026,084 343,022 income Subs.)—Earnings— Net Number 1949 $1,630,162 361,794 Equipments March 7— bids Net (& 1950 $1,457,084 railway trustee Gross Co., Boston, was appointed 31— account mortgage 344. railway on Net Corp. Ended first ment trust certificates, series DD, dated April 1, each April 1, 1951-1965, inclusive. No bid of considered.—V. 171, p. 594. 7 159, p. 385. Polaroid Redemption— April 1, next, for on bonds, 2%% series Payment will be made at the Har¬ trustee, 115 West Monroe Street, Chicago, Savings Bank, p. oper. receive Feb. reported that "in order to pay off provide additional working capital the cor¬ poration in 1949 borrowed $2,000,000 from two insurance companies and issued 4(4% debentures dated March 1, 1949, maturing March 1, 1964, with sinking fund provisions." John Hancock Mutual Life Insur¬ ance Co. and New England Mutual Life Insurance Co. participated equally in the loan. The State Street Trust A 195. from Net Privately— on redemption 377,500 __ W. H. Doble, Chairman, current bank loans and FINANCING Authorized 170, for $37,000 of and interest. 102.4% Trust and Bids firms Park-O-Mafc terms 1976, at called fund, January— $6,257,632 5,376,816 366,000 (net) Class p. ' been sinking 1950 St. Louis Brownsville & Mexico Ry.—Earnings- 5,886,530 Cr74,723 taxes Net the lor or as sliding scale of payment based parked by the company. 171, due Subs.)—Earnings— $6,357,299 5,456,762 „ expenses, have the ris parking many Park-O-Mat car positioners as the company may, from time to time, require for its operations, these positioners to be conveyed under the terms of a license agreement, —V. of 111.—V. deductions Income , There 560. p. Other Year has Inc., 1947 $496,734 Year Ended Nov. 30— itself. company Services, pany, which of than The facilities Company will also offer a management service parking buildings, or lots, owned by persons operation 1948 $654,422 Costs, being W., and 1949 $805,365 Pneumatic Scale Corp. Ltd. (& 1950. the automotive by ry. of the six-month selling agreement entered underwriter and the company, said agreement COMPANY—Incorporated N. Net period PROCEEDS—To be used tains units, to Monday, March 6, St. Joseph Light & Power Co.—Partial 1950 $572,737 119,058 - Sales commitment CHRONICLE agreeing within into has or underwriter units in from tho from . The FINANCIAL railway____ railway from Net underwriter members are NASD. & Pittsburgh & West Virginia Ry.—Earnings— January— Gross share of class B stock at $5 per unit. one the COMMERCIAL City stock, of $4 New par York has value.—V. been 171, p. ap¬ 852. Corp.—Secondary Distribution—The First Corp., Coffin & Burr, Inc., and Paine, Webber, a secondary distribu¬ tion of 30,740 shares of common stock (no par) at $22 per share, with dealers' discount of 40 cents per share, after the close of the New York Stock Exchange. Oversub¬ Jackson & Curtis on Feb. 28 made scribed.—V. 171, p. 594. additional (Continued on page 42) Volume 171 Number 4887 THE COMMERCIAL & FINANCIAL CHRONICLE (953) Stock Record «» New York Stock Exchange DAILY RANGE OF PRICES WEEKLY VOLUME OF TRADINB YEARLY RANK OF SALE PRICES FOR EVERY USTED ISSUE ' Range for Previous STOCKS Year 1949 Lowest t per share $ per LOW STOCK YORK AND HIGH Saturday Monday Feb. H SALE Tuesday Feb. 25 PRICES Feb. 28 EXCHANGE S per share share 49% Jan 13 l7/a Jun Dec 2% Feb 1 17% Oct 21% May 19 Va Jan 3 Xl7'/e Jun 23 Dec 21 Feb 14 Jan 44% Sep 40% Feb 28 Jun 35 NEW Highest Wednesday Mar. 1 Thursday 51 Dec 3% 54% Jan Va Jan Abbott Laboratories 21 3% Mar 21 Par ACF-Brill 3 t per share 5 *50% $ per share 51 51 51% $ per share 50% $ per share 51% CO 23% Jan 11 Adams Express Co 42% Feb 14 Adams-Millis 50 507k *2% 2% 27b 27« 2% 20% 20% 20% 20% 20 % 20% 20% 20% 20 Va 20% 20% 20% 2.400 21% 22 21 % 21% 21% 21% 21% 217/k 21% 217 k 22 22 3,100 42 *40% 40% 40% 41%, 1 Corp *40 No par 3 2% 3 42 51 50 % *41 50% 3 3 41 Va *40% Dec 43 Jan 13 50 Feb 24 Addressograph-Multigraph 50 50 49% 50 50 50 49% 50 •49% 19% Dec 17% Jan 3 26 Feb 24 Admiral 25% 25% 25% 25% 24% 25% 25 V8 25% Jun 11% Dec 9% Jan May 51 Va Dec 26 11% Feb 9 Jan 5 53 Va Feb 27 22% Feb 14 25% Jan 9 51 18% Jan 97lk Mar 110% Dec 2% Jun 4% Nov 3 Jan 24 13 y8 Feb 18% Dec 16% Feb 15 73 Sep 67% Jan 4 71% Feb Dec 3% Feb 14 4% Jan 77% Mar 3 85% Feb 2 Dec 80 Feb 25 83 % Jan 4 Jan 21 Va Jan 3 Feb Feb 64% Jan 82 Va 86 Va 17 Va Jun 88 Sep 83 July 93% Feb 6 Jun 8% Jan 8% Jan 200% Jan 13 Jan 3 27Va 104 Jun 210 Dec 15% Jun 19 Dec 247/a Jun 30% Oct 25 % Feb 35% 89% Mar Dec 83% Jan 25% Feb Jun 88 Jan 37% Jun 89 % 23 Alabama 3 Alaska Juneau Gold Mining 10 Aldens Inc Mar Mar 3 3% 5 17 17% 100 *70 common 1 preferred A 100 $2.50 prior conv preferred-No par 80 4%% Ry common preferred w w Allegheny Ludlum Steel Corp.No $4.50 conv preferred 9% Feb 23 Allen 3 Allied Stores 35 Va 35% 35% *93% 94% 95 Va Jan 3 24 ' 18 Allls-Chalmers Mfg common.No par 3%% conv preferred 100 11, Alpha Portland Cement 11. Amalgamated Leather Co com——1 35 % Feb 38% Jan 20 3% Feb 28 Jan 26 40 4% Jan 40 Jan 100% Mar 2 4% 26 113% Feb 6% 50 2 44% Jan 10 Amer 9% Jan 3 11% Feb 18 American Airlines common 51 Jan 70 Dec x69 Feb 10 75 V* Jan 6 3%% 20 Jun 27 Dec x20 Mar 2 26%. Jan 7 American 61% July x7% Jun 69 Oct x63 Mar 2 67 12 Dec 13 15 35 Jun Jan 106 % 172% Mar 8 104% Jan 20 7% Jan 13 9% Feb 20 Dec 4 Va 101% Feb Jan 3% Jan 3 5% Jan 14 3 Jan Dec 105% Jan 119 Sep 183% Jan 190 Jan 18 Jun 33% Jan 25% Jan 30% Feb 15 60 Jun 82 Jan 70% Jan 79 Feb 18 Dec 24% Mar 19% July 25% 39% Feb 47% Sep 44% Jan 15% Feb 19 Va Dec 18 Va Jan 24 14 Jun 7% Feb 15 23 American 12 Jan 5 18% Jan 9 82 Jan 3 86% Jan 23 51% Dec 49 Jan 13 57% Feb 27 American 115% Jan 16 133% Feb 27 V.3%% 32% Jan 36% May Jun 13 35% Jan 27 Lowest Highest 47/a Feb 6% Oct 6% Jan 6 7% Jan 30 Feb 197k Dec 18% Jan 28 19% Jan 12 13% Jan 21% Nov 20% Jan 1 Va Jun 3% Dec 2% Jan Jan 69% Dec Jan 19 Va Dec 16 Jan 19% Jan 10 Jun 61 Va Dec 54 Jan 64% Jan 11 44 6% 37 24% Feb 4 3% Jan 3 11 74% Jan 64% Jan 10 457k Oct 51% Dec 49% Jan 54% Feb 3 34 Jun 43% Oct 39% Feb 42% Jan 18 3% 5% Oct Jun 46 24% Jan 5 Va Jan 73 47% Jan 32% 57k Jan 48 31% Jan Dec Jan 34 7% Feb 97/a Sep 100 Aug Jan 8% Jan 14 Jan 13 15% Jan 9 217k Feb 6 22% Jan 12 Dec 91 Jan Jan 15 Jan 27 18% Feb 15 Jan 84 Jan 4 91% Feb 27 14 Va Jan 12 17 Feb 20 Jan 4 84 Feb 8 Jun Jun Jun 15 Vb 76 Jan 84 Sep 78 102 57k Jan 7% Mar 7% Mar 3 4% Jun 22 Va Jun 33% Dec 32% Feb 6 34% Jan 96% Jan 105% Nov Oct 104% Jan 3 106 % Mar 6% Jan 5 Dec 29% Jan 13 7 Jan Nov 33 Va 147/b Jun 5 169 Mar 3674 Jan 16 217k Mar 13 147k Jan Feb 10 Sep Dec 8% 6% Mar 25 176 . Nov 3 7 13% Jan Jan 178 11 77k Jan 19% Feb 10 2 32 Vs Jan « 34% Jan 36 Va Aug Feb 20 Dec 187k 12% 11 Va 32 11 Mar 73 28% 20 86 15% Dec Feb 157/8 Mar 5% 12 30 22 % Feb 11% 47k Jan Nov 48 Jun 28 2 10 1767k Jan 30 7% Jan 25 9% Jan 11 44% Jan 26 487k Mar 23% Jan 49 37 Jun 43% Dec 3974 Feb 10 43% Jan 3 39 Va Jun 56% Jan 53% Jan 13 577k Jan 9 142 Feb Jan 27 34% 164 Dec Dec 42% Jan 158 40 141 Mar Jan 145 Jan 13 277k Feb 18 Jan 150 Sep Feb 2 28 Jan 24% Jan 3 21% Jan 31% Dec 2974 Jan 13 10% Jan 5 Dec 38% Jan 25 120 Jun 128% Nov 128% Jan 5 16 July 20 Va Nov 197k Jan 13 Jun 150% Jan 146% Jan 3 Jan 76% Dec 7174 Feb 17 7% 12 Va Jun 138 60 Va Jan 45 Feb 12% Jan 47% Mar 133 Dec 151 Feb 6 155 Dec 16 75 xll7% Apr 67% Feb 1177a Jan 25 3 10% Feb 6 32% Jan 28 5 94% Feb 10 Jun 80 4% Jun Jan 7 Va Dec 85 69 Jan Feb 5% Feb 48 Va Jun 65 Dec 62 25 Va Jun 35% Jan 287k Jan 35% Jun 8% July 2% Aug 26% May For Dec Dec 108 55% Jan Jun 15% Jan 40% Jun Jan 99 % Mar 48% 12074 Mar 28 59% ■ 28 Vs Dec 11 Va Nov 4% Jan 42% Nov footnotes see page 94 •93% 94% 94 Va 94 % 20J 33% 34 33% 33% 33% 337k 5,500 88 88 88 87% 87% 87% 87 Va 600 *35% 36% *35% 36% *35% 36 VA 35% 35% 35% 36 *3% *38%- - 104% 3% 3% 45 *38 104% 3% 45 17 14 74 Feb 2 77k Jan 10 Jan 30 65 Jan 12 3 31 Jan 9 28 Vs Jan 13 317k Jan 12 37 Jan 27 43% Feb 24 106% Jan 20 109 Va Jan U Jan 12 547k Mar 1 19% Feb 11 2374 Jan 7 x51 9 Va Jan 4 Feb 15 34% Jan 13 3 20. 107k Jan 4Ta Max x44% Feb 12 3% 3% 45 *38 104% 104% 104 Va 44% 44% 44 Va 44 Va 44 44% 44 11% 11% 11% U-,a 111* 11% li Va xi * 72% 104 102% ' 72 Va 20% 20% 20% 20% 20% 20% 66% 63 Va 65% *63% 64 Va 64 % 64 Va xG3 113 %* 13% 13% 13% 12% 13 12% 12% 33% 34 20% 5,900 63% *62 7/« 63 Va 220 12% 12% 6,900 2,600 13 20 3374 33 Vk 33% 337k 33 Va 337k 102% *10174 102 Va 102 Va 102 Va 1027k 102% 874 974 8% 87k 87k 9 87k 9 7,900 *4 7k" 474 4Vk 47k 412 47 k 47k 47k 4% 4% 47 k 4% 4,b00 • 1127k 11274 112 1127k 110 % 1117k 188 Va *188 188% 188 V* 188 188 2874 28% 28 V2 277k 28 76% 7674 7674 33 7674 110 V2 111 11074 188 t 188 111% 187% 188 29 23 7a 7574 76 Vb 400 112 188 2874 77 % *76 111 Va *18772 28% 27% *75% 2,800 300 28% 4,300 76 1,700 *25 25 VB 25 VB 25% 2574 24 Va 2474 247k 2474 24% 2474 2,300 *47% 487k 487k 487k 49 497k *48 Va 49% 4874 49% 47% 48% *22 7a 2,000 2274 x22% 2274 22 22 74 22 7k 22 74 22 Va 2274 *22% 22 7% 600 1874 1874 *18% lo 100 lo *86 18 74 257 k 1874 187k 187k 877k 5574 129 % *3372 *86 877k 567k 56 577k 557k 13374 130% 131% 18 Va 13174 347k 34 34 877k 33% AND • HIGH Monday Tuesday Feb. 25 Feb. 27 187k 18'4 86 86 567k 5674 56 TV 1297a 1317k 131% *86 34 Saturday 187k 87 Va 557k 55% 130 *86 SALE Feb. 28 t per share t per share 34 34 t per share 40c & Foreign Power com__No par 23% 24 x23 23% 23 23 Vb 3% 3% 3 VB No par 68 23% •68 177k 68 1774 17% 3% 68 3 7k 677a 67 ' 3Vb 66% 7 3% 667k 4,000 177 k 5,200 587k 1,400 547k 5474 547b 10,700 40 Va 41 41 54% 547k 407k 40 y8 57b 5 46% *46 32% 327k 33 *7% 8% 77k 32 7k 77k *7% *86 88 5 5 49% 32% *46 327k 77k 8 89 *86 15% 15 74 15% *15 Va 22 22 22 22 5 49% 327k 8 157 k 1,800 22 % 5,000 20,700 15% 157k 157k 15 157k 91% 91 91 90 90 1674 16% 167 k 167k 167k -—100 *83% American Natural Gas Co American News Co No par No par 674 *6% 307b 35% 674 34 6% 33 106 105 7k 7 *67k 7 *67b 3074 307 k 3074 30% 36% 36% 36% 6% 217k 14% *175 177 77k 46% 47 4174 *40 American Ship Building Co___No par Amer Smelt & Refg com No par 7% preferred American Snuff Co common 6% non-cum preferred 100 *40 *54% *163 25 *40% *140% No par 26 American No par *33 Co American Stove Co No par American Sugar Refining com7% preferred American Sumatra Tobacco *11 *40 7k 4174 143 142 ♦175 600 190 67k *8 7k 674 IOO 30 Vb 307k 30% 307k 8,200 36 74 36 V2 367k *36% 367k 600 217k 21 217a 207s 217k 55,000 147k 14% 14% 14% 147 k 29,500 *176 7k 1787k 177 4174 54% 164 77k 77k 77k 77k 77k 77k 47% 47 Va 47 % 47% 48 48% 43% 41% 40 40 407k 407 k 120 54 54 54% 54 5474 4,200 163 163 163% *40 4174 53 7k 163 4174 142 53% X4074 537k 163 164 *1407k *40 4074 *41 *1407k 143 41% 143 2574 25 25 V2 25 Va 257k 25% 257b 33% 33 V2 337k 33 V2 33 7k 337k 337k 227a 150 1174 1174 11 11 43% 437k 4374 437k 4374 133 *132% 22% 227a 150 7k 150 134 *1317k *10% 11 *1074 437k 44 44% 132V2 134 22% x217k 217k 150 74 1507b 150% 21% 150 132 Va 73 V2 1547k 7074 71V2 119% 1197k 11974 119% 10 10 22% 23 *88 74 *6974 71 *69% 72 1 6% 25 *62% 50 No par Anchor Hock Glass Corp com—12.50 No par Anderson, Clayton 8c Co Anderson-Prichard OH Corp__, Andes Copper Mining 3074 120 V2 74% 15474 72 12074 737k 74 4,500 155 530 71% 72 *120% 121 3,300 270 155 974 10 974 97k 974 6,700 227k 24 23% 24% 23% 24 V« 33,300 89 *8874 90 87% 88% 88 88% 6914 *67 71 69 6 7k 63% 74 *5 63 30 7k 305a 71 227k 63 74 64 120 74 154% 89 5% 674 10 6% 63 57k *63 6 *67 5% 9% 72 *68 6 6 6374 *63 % 6374 6374 72 330 100 6 74 2,600 647k 310 307k 14,000 307k 29% 30% 29% 30% 30 VB 307k 297 k 297k 29% 297k 28% 28 7a 28% 29 287k 287k 29% 2974 530 Va 43 74 42 Vk 43 4174 42 42 7k 42 Vb 427k 42 Vk 42% 4274 2,100 108 108 7k *42 *107 , 1 *53% 54% lo 21% 2174 *9% IIIII_5 *3% No Par *3974 108 1087k 21% 20 74 74 21% 9% 90 300 2,200 154 V2 10 133 45,300 70% 89% 133 21% 7374 23% 133 1507k 154% 10 700 7,100 217k 69% 23 1074 4774 1507k 73 74 *8874 10% 457k 217k 15474 120 1,700 11 457k 1507k 7074 119% 50 4,100 21% 154% *11974 560 1,100 1507k 70% 74 1,500 2174 737k 71 *129 7k 5,800 15074 154% 71 No par prior preference 4174 143 33 7k 100 Amer Zinc Lead & Smelt com $5 prior conv preferred- 1407k 25 73% 5 4074 * 3474 154% par preferred 4174 143 165 26 73% American Water Works Co Inc American Woolen common No 16374 33% 154% 100 40 *140% 77k 257k 25 14 177 7 7k 100 preferred *175 77k 477k 47 11% 43% *131% 5 537k 163 177 *175 774 7 Va 85 26 loo 100 54% 177 14% *84 33% 100 common 77k 164 100 American Steel Foundries Anaconda Copper Mining Anaconda Wire & Cable *175 7% 46% 21% 6,400 85 3,800 36 % 1474 1,000 16% 7% 36 21% 15% 907k 167k 32% 36 147k 15% 907k 16 '/2 106% 30V2 217 k 15% 91 10674 307k 14 7k 40 *32% 30% 21% 86 33 67k 14% 86 107 67 k 21% 5 67k 33 *6% 7 147k loo *8372 •105% 207a No par 674 16 7k 1057k No par 7% preferred American Safety Razor American Seating Co 85 1574 *89% 105 V2 1057k new.No par com 67k 33 33 1057k 500 15% 167 k * 8 227k 15% 674 8,500 *774 22 % 91 33% 327k 8 1574 16% 106 327k *7Tk 2,800 87 157k 674 100 327k 327k 5% 227b 9074 *33 497k 5 15 VB 167a *83 V2 *46 7k 87 15% 85 5 7k 497k 15% 90% *83% 500 5 ♦46 90 l 85 6774 22% 100 *105 Va 67% 6774 46% No par 4,100 177k 5% - 3% 58 Va 497k 32% American Metal Co Ltd com_No par 4%% preferred 100 American Molasses Co .1 3 7k 3 7k 1,100 177k 5374 *83% *4,000 5874 *40 7k 85 100 23% 23 23 17% 54 87 774 197 a 567k 40 217k Share• 774 *19 7k 177k 53 Va *1574 S per share 77k 1972 58 No par preferred Amer Machine & Metals 66 V2 Sales for the Week 17% 40 217 k Friday Mar. S 58 537a 15% 2,000 177k 407k 90 34 58 x40% 2174 34 130 5,300 1774 42 15% 131% 58 1 3.90% 37k 53 *88 1317k 23,500 17% No par com__ 23 53 5 600 - 5974 5% preferred 7 527b *41 34 $ per share *19% *58 *46 Va American Locomotive common 7 60 1 6% non-cum preferred 100 American International Corp_No par American Investment Co of 111 i 37 k x 56% Mar. 2 *597s _50 com 6% convertible preferred American Home Products American Ice Co common 774 1874 85 x557k Thursday Mar. I t per share 7 34 133 85 PRICES Wednesday 19% A P W Products Co Inc 1,200 20'/A 3374, 19% Archer-Daniels-Midland 73 *101% 197b 9 *71 Va * 9% *19% 3 51,400 337k LOW $4 preferred 1,000 11% 102 Va 7% conv 3,500 44% 9 7k 19% Tobacco 103 Va Vh 33% 7% Stores i L *101% 20 com 44 974 *19 7k San'y 2,300 102 % 7% Light 101 ■U VA 500 3% 45 9%' *10174 19% 23% Amer Rad & St 12% 102% 44 Va x20 *65% *6 7k Amer Pwr & 100% 72 - *3% *38 72% 104 73 VA STOCK Fdry 3% 45 45 *19% & 3% *38 11% *44% - 767k com__ American Hide & Leather $4 36 36 3% 45 . lo $7 preferred 7% 3% *38 73 $7 2nd preferred A No par $6 preferred No par American Gas A Electric Co 10 American Hawaiian SS Co 10 6% 7% Jan 91% Mar 94 34% 73% American Viscose Corp common 5% preferred 217k Feb 38% Sep 22% Mar Feb Jun 79 94% 34 Va 1 Amer Mach 300 *93% 73 Va preferred series A_100 YORK 19% *87% 767b American Tel & Tel Co Jan 5,500 No par American 8 Va Mar Jan 21% 25% 3 76% Jan Aug 6% 17 Mar 150% Mar 74 153% . 22% Feb 121 Jan 5 34% Feb 27 49% May 135 18 42 Jun 31% Jan 2 19 Va 130 166 3 35% No par American Encaustic Tiling American European Secur American Export Lines Inc 7% 35% 20% Par Amer 35% 87% EXCHANGE 15% 35% 34% *28% t per share t per share $ per share fper share NEW 1,400 35% 1 Distilling Co Highest 28% 35 Va 87% STOCKS Range Since Jan. 1 Year 1949 23% 35 Va 35 19% 28 Va No par Cyanamid Co Range for Previous Lowest 207 19% 28% 34 ■ American Crystal Sugar com 4%% prior preferred- American 205 % 1,200 3,000 l Colortype Co conv 207% 20 87k 28 VA 73 25 American Chain & Cable American Chicle Co Feb *8% 94'/a 100 50 200 90 90 20 73 100 23 6,700 38 No par com 200 25% 34% 100 common Pdry 80 100% 33% No par com preferred 18 Dec Co preferred Oct 120 Jan 25% 7% American Car & Mar 19% Shoe American Can Co 1 87 71% July 35 Vii Feb 99 26% Jan Brake convertible preferred— American Broadcasting Co Inc American Cable & Radio Corp Jan 28 187% 21% Amer 1,200 28% 20% 2 . 16,900 A *93% 100 preferred 33 28 VA *27% 10 preferred 110 70% 78 25% 87k 50 conv Bank Note common American Boscb Corp 12 32% Jan Jan 2% 6% 13% Feb 24 Jan 35 10% 81 10% Jan Feb cum i 2,300 *87 Petroleum Corp. No par Agricultural Chemical—No par 40% Feb 40 6,100 17 Va 100% 89% 206 7,200 125 ♦ Amerada 3 Sep 89 Va 110 22 7k *- No par convertible preferred— 10% July 104 106 *19% 36 Va Feb 45 Jun 204% 20 13 Jan July 208 28 25 Va 101 8% 89% 20 20 90% Jan *88% 205 207 35 91 25 101 9 27% 34 % Feb *79 Va 8% *19% 17 80 Va 25% 101 9 206% 16 •79% 80% 9 23 VA 207 81 VA 9 20 Va Jan 5% 9 *27% 13 80 Va 24% *19% Feb 3% 77% *100% 207 86% Feb 3% 78% 25 Va 5 31% Jan 3% 78% 101 Va 9% 70% 3% 24% *38% 70% 53 3 VH 79% *99% 91 3 17% 3% 25% *88 Va 3% 17 Va •70 ►120% 79% 80 *80% 3 •17 70% *70 3% 125 3% 100% No par 93 70 3% •120% 17 Va 3 17% 17 Va 80 121 *80% 9 Corp common—No par preferred : 100 121 *99% No par . 22% x24% Mills 32% Jan 11% *52% 22% 25 Va 92 16,300 11% 53% 22% 81% *88 11% 11% 53 Va 100% 81% 2,500 24,400 11% o V3. « 25% 227k 122 70 3% 80% 49 7 25 Va 53 Va 3 71 3% 49% 11 22% 100 41% 50 *53 227s 17% *79% *40% 9,100 25% 11% 3 17% Allied 23 *120% 3 *70 3% 122% Allied Chemical & Dye Allied Kid Co s 21 6% 96 % 71 9 ^1 '—1 34% 30% Mar 3 17% 80 *80 gtd—100 Industries Inc *119 % 25 Va 4,500 3% 53% *100% par No par Allegheny & West Ry 6% 122 3% 5%% 3 211 Va Jan *119 Vicksburg Allegheny Corp 2 90 100 10 & 11 VA *53 22% 2 Jan 120% Oct Feb 53% 22% 11 4% Nov 43 Apr 11% 52% 22% Feb Dec 2% 37 11 % 52% 22% 29% Jan 19 Oct 26% 1 101 2 11% *52% X27% Feb 24 97% Nov 33"% Dec 76 Feb 25% Feb 24 Jan>5 94 Mar Air Reduction Inc 3% Jan 18% Jan 3 165 t 121 5 11 -50 No par $3 preferred w w 11 Dec Apr 2% 110% Jan Corp__lo 1 Equipment com 1 Corp new common.., Affiliated Gas 9 4 64 23% May Shares 2.50 Co Acme Steel Co 47 Nov 40% for the Week Sper share 10 Motors 11 14 Va 55/a Mar. $ S ver share 27% Mar 46 Sales Friday Mar. 2 • tper share 37 Range Since Jan. 1 Lowest Highest 107 k 37k 40 *53 7k 2174 *9% 74 108 7k 109 109 •109 110 30 *109 110 70 54 7k 547a 54% 547k 547k 547k 547k ♦547k 55 500 22 21% 22 7k 22 2274 21% 227k 2174 22 7,500 10% *974 37 B 374 3% 3974 3974 3974 107 k 4 3974 *974 47s 39 107k *974 47k 4% 3974 39% 10 Va 47k 40 10% 4% 40 107k 47a 40 900 5,100 1,200 9 10 (954) THE COMMERCIAL NEW Ranee for Previous $ per Range Since Jan. 1 Highest $ per sliai share Lowest $ per J NEW 'Highest share Jun 29% Dec 26% Jan Jun 95 Feb 89 5 Jun 8% Dec Jun 77% Jan 69 Jan 13 77 Jan 38% Jun 51% Dec 48 Jan 27 52 Jan 11 94 Jun 105 V* 101% Jun 114 13% Mar 7% July 11% Feb 7% Jan 100 % Jan 27 15% Apr 109 87 Apr 101% Sep Feb 102 4 15% Jan 105 Jan 100 Jan Feb 50% Nov 47% Jan 105 % Jan 100% Jan Nov 103% Jan Corp common Armstrong Cork Co com Artloom 9 Feb 59% Mar 104% Jan 5% 12 non-cum Jan 12% Jan 14% Feb 6 A 47 Jan 41 Jan 13 46% Mar 3 Dec 68 Jan 28 70% Jan 5 Atl 77• Feb 94 Mar 87 Jan 13 30 % Jun 42% Dec Jun 112% Dec 93% 102 Jun Dec 99% Jan 89% Jan 20 40% Feb 115 5 Jan 24% Aug 22% Jan 19 25% Feb 58 52 % Jan 16 55% Feb 3 Feb Sep 20% Jan Feb 7% Sep 4% 13 y8 110 Feb Dec. 15% 105 Feb 2 18 Jan 25 ' 6% Jan Dec •4% Jun 10% Nov 47/a Jun 7% Jan 34% Jun 44% 15 Jan Jan 24 25 Jan 6% Jan 12%-Jan 3 37% Jab 5 4 8 ev8 *'75'% 50 28 7% Jan Lin§s » Conv 50 *75V4 75 49% 50 *101 101% *101 101 % 101 101 112 112% *111% 112% *112 112 101% 112 112 102 16 10 10% 10 V8 10% 15% 15% 15% 15% 106% 106 Va *105% 106% 101 102 16 *15% IOIV4 100% 101 10'/a 10 15% Va 105% *100% 50 - 50 *15% 10% 10 Va 15% 103 IOIV2 49% 13 *15% 15% 105 76 15% 30 300 15% 104 10% 1,800 15% 15% 105 3,400 Va 9,500 104 680 58 *57 % 101 Va 58 57% 101% *101% 102% 57% 460 58 58% 105 105 53% 104V4 105»4 59% 104 Va 59% 59% 105% 104 2,300 105% 104 % IO414 IO414 106% 106 % 104 Va 0,600 14 Va *13% 105 Va 104 Va 1'04% 14 *45 % . 1 '100 *87 A__100 10 Autocar Co 12 46% Feb 16 14 44% 45% 69 69 88 39 115 101 % IOIV4 101% 25% 25% 24% 25% 55% 55 55 " 105% *105 *105. V '*23% 23% 7% 7% *15% 15Via 1 ■ 4—5c *6% 1. 6% *13% Mfg Corp (The) common—_3 $2.25 conv preferred ! No par 101% 101% 25 24% 24% 54% 105% 23 % 7% 15% 7% 6% 6% 6 % 13% 13% 7% 44 44 6% 44 4,500 101% 101% 101% 480 24% 24% 25% 3,800 54% 55 54-% 108 % 22 V4 22% 8 % 8% *15 Va 6% *13% 7 54% 780 70 22 900 Va 16 6% 8% 9,100 16 400 6% 6% 1,200 13% 14' 6% 42% 21% 8 360 108 ma 16 6% 13% 6% 300 39V4 113 8% 42% 500 89% 38% 113 6% 7 Va 69 *87 Va 107% 16 43 % 42 6,200 113% 13% 13%' 6% " 44 54 7% 2,400 24% 23 16 700 14 Va 46% 101% 105% *20 16 71/4 7% 54 105% 8% 16 13% '* 14 7% 101% *24% 23 % 7% : 101% *113 104% Va 69 89 39% 113% *105% 70 89 38% 113 231/4 15% - 14 46 39 114 54 V4 *104% 14 '/a 46 88% 38% 105 104 Va 13% 45 Va *69 69 % *87 105% 23 V4 -• li4 104 % 69'A 88 38% **54% , 69 88 39% 38% 112'A Avco 4 14 45% 101 % Automatic Canteen Co of Amer-J—5 16 13% 112% ; No par 7% Feb 104 % 13% 44% 112% 5 «.$1.20 V *87 104% 14 69 88 39 Va 58 45% 45 69 '38-% 25 series 45% 69 common common——No par prior pref *15 *4 *75 % 100 common preferred 101/4 15% 700 75 49 1011/4 10% 250 11,700 75 % 76% 16 107 38,600 8% 49 Va 112 10% 8% 75% 75 IOIV4 15% 8% 49 Va *15% 107 8% 97 50 *100% 16 8% Shares 33 % 76 50 • xlllVt 14% Jan •- 76% (3/, 9 101% preferred Refining conv 9 112% 4% convertible preferred TOO Atlas Tack Corp— No par Austin Nichols commQn—A-No par 3 Feb I SS Atlas Corp Atlas Powder 16 16 i 3 5% Jan Jan Feb 8% Mar ■ 12 17% Mar ' 110 25 . 9% Preferred $3.75 series B_—_—100 7 Jun 15 9 96% 10 W non-cum 4% 2 42 100 32% 96 *15% Inc F G & Atlantic 27 101% Mar T 5% 3 Feb '20 Jan 32% 96 9% Sales tor the Week 10 Atlantic Coast Line RR—: 73 , 32 96% --No par Dec 1 32% 96 —100 Feb 36% Jan 24 31% 95% preferred- Jun 108% Feb 31% 95% *101 % com 10 % 106 30% 95% ,>112% Co & Santa Fe 32 % 3 311/4 94% 100 53 15 31 —100 Investment Atch Topeka Mar. 3 $ per share 5 preferred Associates 2 20 Friday Mar. 2 $ per share 95 Carpet Co Inc___:—No par Dry Goods common 1 2nd Thursday $ per share 31 5 1st preferred 7% 7 110% Jan 27 6% $ per share. 30% Associated 30 $ per share Mar. 1 95 Arnold Constable Corp 9 PRICES Wednesday No par preferred SALE Feb. 28 No par convertible 9 Jan HIGH Tuesday Feb.27 100 No par No par S3.75 preferred S4 AND Monday $ per share lo $6 conv prior preferred 9 104 16 105% RECORD Feb. 25 convertible preferred Armour & Co of Illinois com 17 110 13 Jun Steel Monday, March 6, 1950 Saturday 4% % Jan 17% Jan 4 80 Jun CHRONICLE LOW STOCK 12% Jan 6 Dec 30% 97 V2 Feb 19 3 Dec Armco 30 113% Jan 10 9% Jan Jan 1 9% Jan 9 xlll% Feb 15 3 99% Feb 13 Oct Dec 95 33 % Mar 3 Dec 16% 13% STOCK Par 31 13 Jan YORK Sper share 77 % YORK EXCHANGE 19 % 49 FINANCIAL STOCKS Year 1949 Lowest & 13% 1,700 7 6% 41% 7 65,200 41% 41% 42 1,100 B xl3 Jun 8% Jun 14% Jun 14% . 15 Nov 14% Jan 5 12% Jun 7% 4 Jan 10% Jan 11% Jan 91/2 Jan 22% Jan 18% Feb 15% Jan 25 3 13% Feb 16 3 11% Jan 11 14 ' Jun 25 Jan 60% Jun 72 July 66 Feb 4 38 Jun 53 Dec 43 Feb 15 15 Sep 21% Jan 16% Jan 3 Jun 41 Mar 36% Jan 16 ' 36 39% Mar 97/a Jun 26% Nov 87 y8 Feb 12% Nov 16 y4 72 Jan 5 48% Jan 4 20% Feb 39 46V4 Feb 25 57% Feb 3 14% Jan 3 2OV4 Feb 28 11% Mar 1 13% Jan 9 Dec 29% Jan 3 Dec 98 Feb 9 Jan 17% Jan 3 21% Jan 26 21% Dec 20% Jan 6 23% Jan 30 86% Nov 74 Jan 3 85i/2 Feb 2 33% 20% 6% Jun 10 Va 27 y4 Jun 32% 30 Va Jun 11 Va Jun 10% Feb Barber Oil 2 Mar 2 5% Corp Brothers 15 14% 15 14% 15 15 121,4 12% 15% 14% 15 12% 12% 12Va 12% 11 % 12 Va 11 IDA 12% 11 12% 11 % 12% 11 Va 11% 11 8,500 21 21 21 11% 11% 11% 34,600 22'A 13,800 100 common—' preferred Barnsdall Oil : Bayuk Cigars Inc Beatrice Foods Co 1 9% Jan 9 Beech Aircraft 6 Beech Creek RR 5 Feb 13% Jan Eeech-Nut Packing Co 3 151/4 Jan 24 12% Feb Belding-Heminway 1 14% Feb 28 Eell Aircraft Corp Bell & Howell Co Feb 15 Feb Feb 10 87 Jan 3 341/2 Jan 13 42% Feb 16 Apr 11 Jan 9Va Jan 4 11% Feb 16 Bendix Home 17 Jan 1% Feb NOV 85 Dec Dec 23% 27% 109% 25 May 23% Jun 129% Jun 22 V, Jun 9 Oct Dec 25Va Jan Oct 12 1%» Jan 26V4 Jan 26% Feb 12 86 2% July 27% 6 Jan 106%. Jan 90 30 V2 Jan 13 139% Jan 21 144 Jan 13 28 9% Jan 3 31% Mar 11% Mar 33 26 Jan 13 36 Va Jan 5 34% Feb 1 Mar 2 Jan 9 13% Mar 3 S per share 79c S per share Jan 26% Jan 4 29% Feb 3 15 Va Nov 14% Jan 13 15% Jan 12 YORK 14% Jan 5 32 32% 32% 32% 14% 14% 14% 14% 14 14% Bohn 21 18% Feb 18 19% July 14 38% Mar 51 Dec 48Va Jan 42% Apr 91% May 1% Mar 59% Dec 55 98% Dec 97% Jan 2%. Jan 1% Jan 26 38 Jan Jan 6% Jun 21% Jun 32 20 Va Jun 29% Nov 25% Oct *98 Jan -18% Jan 9 Jan '29% Mar 95 Jan 15% Jun 13% Jun 120 Feb 7% Jun -61% July '26 % Jun 9% Mar 60 16% Jan 9 51% Feb 20 601/4 Jan 5 3 100 30* Jan 9 2% Jan 11 38V4 Jan 9 9% Feb 18 32% Mai 24 21 3 Apr 8 ^Jan 28 Jan 13 32 27.% Feb 14 29% Jan 3 9% Jan 25% Feb 17 29% Jan 6 102% Feb 23 105% Jan 18 Dec 36 Jan 13 12% Dec 11% Jan Dec 36% Mar 39% Jan 2 24 Dec 19% Dec 125 Sep 13'A Dec 76 Oct 35% Dec 100 30 13% Feb 13: 40 102% Dec -9 40 > Jan 3 Feb 16 103% Jan 24 22% Jan 13 25% Feb 11 18% Jan 3 123% Jan 26 20% Jan *124 Feb 12% Jan 3 74V2 Jan 3 14% Mar 76% Jan 4 39% Jan 20 341/2 Jan Bon Aluminum Ami Co Class B 27 2 Bucyrus Erie Co 27 27% *27 27% 34% 33% 34 2,900 33% 34% uH 34 Va 34% 34'/a 50.600 143% 143% 144 % *142Va *143 26% 26% 143% 26 26% 26% 26% 26 % 26% 26 121% 12 1/8 26% 12'4 2,000 12% 12% 12% 13 13 Va 13% 13% 13% 10,600 X97% Jun «y8 3 122 Dec 120 11% Dec 17 Jun 98 V* Jun 20 Va Jun 3%Pie 3%% Feb Jan 12 4% Mar Jan 3% Jan 21 3 1 13 4% Feb 24 Jan 25 24% Jan 5 Dec 102% Feb 10 105% Jan 24 Jan 22% Feb 3 Jan 14 24% 105 Jan 26 Va 30 Feb 36 Va Dec 34 Va Feb 52 May 58 Apr 53 1 Jun 2 Oct Jan 5 5 24 3% Jun 16% Jun 9% 98 Jan .Sep 5% Jan 22% Jan 12% Feb 109% Mar 8 » 36% Jan 11 55 4 19% 28 Jan 4 101/4 Jan 3 Jan 4 101 5% 6V4 11 10% Jun 41 May 40 Jan 5 27% 23% *23% 53 53 54% 55 55 Bush Term Butte Copper Byers Co 7%- (A & M) Feb 18 15 Canadian 15% Feb 18 Canadian Pacific Ry For footnotes see n«ee 20 Breweries 54 20% 20% 20% 20% 1,890 X/4% 14 % 14 51 14'A 51 5,200 50% 51% 50% 51% 51% 51 "a 51 57% 51% 57Va 4,300 56% 57% 56% 57 58 58% 58% 59 *9914. 99% 6,400 *99% 99% *99% 99% *99 V* 99% 1% 1% 36% > 5 *1% : V*i% '36% 2 36 36 -—2.50 9% 28% '< 914 _15 28% No par '*8% - No par -No par « 30% *28 25% 29 *102'% 2 28% . 25% 8% *37 37 37 *101 103 37% 103 25 ,24% 76. *75% 39 Vt *39 Va A 39% 19 V4 18% 33 % 33% 34 19 % 19 V2 * *98 100 % 19Va ' 14% **9 preferred—100 *122 18% 125 13Va 75% 75% 75% 39% *38% 39% 18% 18% 33% 33% 39 Va 34 33% 19% 18% 99% 88 90, ,19 >. 33 % 19% *90 18% 9% 123 14% 14% 9% 9% 9% *122 10%" 10% 75% 76% ■ r,;io% :• 123 '*122 «•'. 10 10%:- 123. v 14% ■ - j* r/10 % 14% 9 Va 9 *122 •> . 123 *36% *101 24% 24% 19% 19% 125 *123% 4% 4% • "*22% ' '22% *35% "*53 '*1% 4% '*21 11% *104% 4% , '22 V4 104 >: 22% 104 22% 36% •36 53% *53 1% 4% 21% 12 106% 1% 4Va *21 12 105% *75 76% 75% 4% 4% 22 22% 22% 104% *22% 36 35% 53% *53 1% 1 76 76 76 39% 39 % - 39'A 19 19% 191/4 19% 300 *34 34% 34% 341/2 1,100 18% 100 83% *90 ; 14% *9 *122 10% 10 Va 75 75 105% 23 36 53% 4% 19% 18% 86 22% *104% 22% 22% 36 V* . r 14 Va 8,700 '9% 91/2 3,900 123 10% 4% 4 21 21 12 11% 11% 106 105% 1% 1% 4% 106 1 % 4 4% 4,400 22 221/4 1,200 104% 4% 23 23 36% *53 ' 70 23 36% 600 1,100 533A / 4 1 % 4% 2,600 4,700 *20% 21% 100 11% 11% 15,400 105 Va 105% 43 ' *105% '*41 43 *41 43 *41 43 *41 20 20 *19% 20 *19% 20 *19% 15 Va 15% 15% 15% 4 1 Va 11% 43 15 1% 21% 20 15 Va 210 11% *41 15 4,900 *20% *19% 15 50 74 ' 21% 106 510 104 36% 1 % 4 200 123 10% 74 105% 53% 330 ' 141/4 75 36 10,500 90 •10% *53 • 90 123 36% 200 86 14% 9% 533/4 % 1134 23 200 ; 100 , 21% 104% 62,300 *84 -• 95 19 99% 100 4Va -.•"/*% 21% 21% 104% *53 6,100 125 14% lOF'x. *4% 19% 1,000 14V4 75 *20% 4% 22 12% ''4% 22 *104 104 +- 200 '24% 14% ' 76% 37 103 *38 95 14% 36% 103 10 *75 19 Va 90 9% 14 87% *90 19% *123% 99 *86 93 1 99 88 99 *86 14% ■ 19% 99 : 90 14% 241/4 14 19 *85% r 25 19 Va *123% 13% '*75 *98% ! 100 19% 18% " 36 Va *101 24% 125 % 76 87V2 ,15 No par 5,300 37 103 24% 13% 13% 99 —100 _ 19 124 13% *36% *101 .24% '*123% 19% *123% 13% '"*87 J 19% 124 '*85% par 1 7,000 13% 13%, "*18%' 1 38 »/a 13% 38% 13% '*75 **39% /No par 38% 38 Va 13% 13% ._ 38% 13% 38 13 Va 19% ^—5 4,800 38% *123% 1 1,000 25% 13 X25 28 % 28'A 38 *101 28% 4,100 10,200 103 Va 13% 25 150 B% 32% 25% 38% 37% 30'A 8% 31% *102% 13% 103 *29 8% 32 25% 38% '*24% 30% 2,300 103% 13 V4 '*37 100 500 ' 9 25% 33 5 * 28% 630 *102% 13 *101 100 8% 25% 103 *0% 31 Ve 28% 25% 36% 8% 30% 8% 31 103 37% 8% 38 ; _15 1 x28 % 25% 2 *31% • 30% 8% 103 *102% 9 30% 29 % 25% 25% 103 *1% 36% 30% 8% 29 28% 25% *102 8% 30% *99% 2 36% 9% 30% 30 30% 99% *1% 36% 9 30% 8% 8% 30 103 ' < 51% 57% *99% 2 *35% , 9% 30 51 57 99% *1% 36% 9% 29% 81/2 30 -5 Ltd 55 54 14% No.par Canada Southern Ry Co___ 20% Feb 13 54% 800 21% Calumet & Hecla Cons Copper 5 Campbell W & C Foundry No par Canada Dry Ginger Ale com—1.66% $4.25 conv preferred -No par 16 2,100 15 54% Packing common-j^No par preferred 50 19% 21.800 24'/a 14% 22 V4 14% 28% 23% 20% *103% Oct 28% 54 -No par Dec *14% 24 14% No .par common 21 15 29 23% 55 participating preferred—100 15% 15 23 24 21% .No par Zinc Jan 15 28 Va 14% No par —2 Jun 6,600 21 'California 5^> 8,400 12% 14% common Byron Jackson Co 15% 12% 21% preferred— i Bldg 7% 500 15 Va 14% ^ preferred Shares 28 Va 20 12.50 Butler Bros common-—_ 4%^ 28 19% '7 42 *14% 14% 23% 23% 1 _ A 12 14% 4% Jan 6 12'% 27% Callahan Zinc-Lead 24 12% 24% 10 Mar 23 15 12% 23% 26 12 V8 Feb 15 12% * 15 Jan 22% Feb 28% 24 1% Jan 106 27% 15 14% _ 1% 27% 14% 14% Bush,Terminal 3 27% 15 14% 5 11% Jan 23 77 Feb 2 tper share 28% 19% 9 Mar the Week 1 Jan '123 Sales for Mar. 3 $ per share 27% 100 2nd Friday Mar. 2 $ per share 1 preferred conv Thursday t per share 1 preferred Burroughs Adding Machine—No 15 9% Jan 13 71 4% 400 No par —No par 9% Jan 17 82 Feb 9 8% Feb Jun 3 2 144 PRICES 23% _1 Jan 13% Jan I per share 144 Mar. 1 15 jNo par ' $ per share 144 Wednesday 27% i Mar SALE Feb. 2S 23% j. Mar 27 HIGH Tuesday Feb. 27 27% Bullard Co_: 89 Jan Jun 'CO '100 AND Monday "*14% 10 90 May 9 *143 Saturday 24 2 1,400 26% —No par Burlington Mills Corp 4 33% 143% $5 preferred Buffalo Forge Co 18 36,800 27% 9 11 Jan 900 1% 33% 100 10 82 V2 Jan 100 109 1% 33% common 36% Jan 85% Mar 108 1% 12% common 20% Jan 94 110 1% 8,500 4,300 89% 27 Va preferred— 2 Dec *103 1% 11% 25% 33% Budd 18% Mar Dec 111 1% 10% 254a *87 89% 27% 2 Dec Nov 110 1% 5 — 19% 84 112% . 20.000 34% common— $3.60 preferred Apr 91 ' 1% 10 % 26 *87 1,700 42% 26% Brunswick-Ealke-Collender 13% 16% *111 1% 10% 25% 41% 27 % Bulova Watch Co Inc 95 89% 42% 143% , 13 Apr 26% 89% 41% 14% 87 33% 1 21 Jun 10% 25% 89 41% 14% *85 33% 100 17% Jan May 10% 26% 41 14% 87 27% (assented)—100 31% Feb Feb 1.400 14% *84% 33% common Brown Shoe Co Inc Co 14% 14 Va 14% 87 3414 ^ Bigelow (The) *14% ,_5 Brooklyn Union Gas 7% 14% 14% 14 % *84% 50 34% 33% preferred & 1,700 *27% Roller Brown 1,500 14% 2.50 L _ Boston & Maine RR 3%% 32 14 Va 27% (The) : ;_ls Borg-Warner Corp coihmon_i— 5 31/2% pieferred : __100 Bower 32 14 Va 33% Borden Co Dec Jun 112% 1% .. 32 14 Va 32% 34V4 ; Bond-Stores Inc_ Jan Jun *111 1% x32 14% 11 LOW class A__ 18% *7 112 Va 32% 42 *87% 7,600 14Va Va 27% Brass 36 13% *111% 1% 90 *881,4 50 9% 32 Va 14% Feb. 25 i. & Jun 70 Va 90 81% 8 10% 26% 26% *86 *80% *32 33% Bliss.& Laughlin Inc— 12%' Feb '77 26% *26% 600 8% 87 Hi/4 23'A 32% 26 "4 42 11 1,900 *22% *32 41% 41 11 Va 18% 32% *32 *84% 41% 140 *18% 81 % 8% 103% 34 Co_ 29% *73 14% *80% 8% 34 Va *102 No par Bristol-Myers Co 2 - Jan 39 14% 87 8% 34% 102 70 —No par 7 9 Mar Dec 105% 14% 11 1 Bearing CoEraniff Airways Inc__ Brewing Corp. of AmericaBridgeport Brass Co—1__ Briggs Manufacturing Corp Briggs & Stratton i * Jan Jan 33 12 x24% Jan 9 7% Feb 14 28 10 Jan 3 Feb. 15' x34% Feb 8% Mar 47% 14% 14% *84% 41 Va STOCK Boeing Airplane Co 6% .Jun 13% 14% 87 32% 102 80% *14% 14% 12 % 5 52% Feb 32% 101 80% 8% 12% 2 27 80% 8 12% Mar 25 Va *80 12% Jan Feb 23 12% 27 25 23 1 29 22% Jan 231/4 Jan 23% 14% 3- 25% Mar 23% *27% 15 27 23 15% 4 Dec 81 27% 28 * Jun 23 23% *80 14% 13% Jan Jun 18% 27% 12V4 Feb Aug 18% 28 Va 14% Dec 17% 19 *27% 14% Dec 21 18% 32 101 39 11% 19 No par 14% Jan *23 81 *84% .12 18% No par 15 32% 23 , 11% 32 101 Black & Decker Mfg Co (E W) 12% 32% 19% Elaw-Knox Co Bliss 11% %' *38 *99% 101 14% Par Jun Nov 3,500 12% 39 _ioo Jun Aug 8,800 321/4 *38 No par preferred 8% 13% 12 34% 32 32% .*. (Del) com 9% 18 5.600 13% 1 $ per share 30% Jan 20% EXCHANGE Jun 64 2(|% 12% ' ,_J. NEW Jun Aug 9,100 12% 14% 33%c Bigelow-Sanford Carpet-. Birmingham Electric Co Highest 10% Jan 50% 121/4 23 5 Best Foods _A_ Bethlehem Steel Range Since Jan. 1 Lowest- Highest 22% 50 49% 12 Va 20% STOCKS Year 1949 4 per share 50 20 *80 common 10 Cum pfd $3.25 ser of 1946_No par Cum pfd $4 div. ser of 1948_No par Range for Previous Lowest 49 20% 32% Best Dec 49 19% " Benguet Consol Mining Co__18 pesos Dec 38% 48 32% 12 Jan 38% 8% 11 36 38% 20 % 32% 2V8 Jan 1,500 48 8% 29% Jan 19% 19% *32 V2 3 19% 4714 8% 4 19% 38% 32% 23 1,40(| 39 8% 20 44'A 20 100 Appliances 10 44% 47% __10 common 1,300 45 Va 19% *38 *32% Feb 33% 141 19% 1 preferred CoJ 19% *32 Va 112% Feb & 19 Va 18 Va 67% 12% Beneficial Indus Loan Jan 19% _l Bendix Aviation 4%% 44 ,_10 : 1 Dec 44 •18 *65% 46% ^1 : Mar 44 __50 Corp 17 44% 21% 18% 68 19% 19% 341/2 Jan 21% *18 Va "66 Va 38 *99% 321/2 Feb 21 18% 68 46% 19% 7 21% 6 6 '/'a 19% 32 % 16 20% 38 99% 98 Feb 19V4 19% 99% 37% 93 *43 V4 *191/4 32% Oct 73 Va * 19V4 *19% common Jun 21% *18% 66% 3,300 46% t 1 _No par 12.50 convertible preferred 85 6% 18% 66% 4414 J.100 3%% 12 24 21% 18 Va 441/4 Beaunit Mills Inc ;2.50 $1.25 div conv preferred -No par Beck Shoe (A S) 4%% pfd—100 7% Feb 4 20% 191/4 67 *66% 45% 19% —50 * — 31% Feb 12% Jan 21% 19 V4 .■ ' 29V4 Jan x85 19% 69 '*44 *.10 —-^ Corp'—1 26 Jun 19 *67 CO—L—i_—„5 Bath- Iron Works Jun 6% 14% 12% ' Feb 16 14% 11 common—50 Jan . 14% 12% 100 preferred—100 (Delaware 1 __10 Mar 7 3 341/4 Mar 102 Convertible 4 Va % Oct 101 Bangor & Aroostook Barker Dec 1 __13 Baltimore & Ohio common ' 4c/c non-cum preferred—" 26 Jan (B T) Ipc Ealdwin Locomotive Works 8 Jan Mar 11 Va 22% Jan -23 15% . Oct 69 3 3 17% 56V4 Feb 11% 17% Feb 22V» Mar Babbitt 15% 20 15% 106 *41 43 *19% 20 15 15% 110 - — — 100 40.400 Volume 171 Number 14887 COMMERCIAL & THE CHRONICLE STOCKS Range for Previous LOW STOCK (955) Monday Feb. 27 Thursday Wednesday Tifesday Feb. 25 11 SALE PRICES HIGH AND Saturday Feb. 28 EXCHANGE Lowest Highest YORK NEW Range Since Jan. 1 Highest Year 15)49 Lowest FINANCIAL Friday Sales for Mar. 3 Mar. 3 Mar. 1 the Week ' $ per share 40% $ per share Jan $ per $ per share share .: ' ' • Mills- Par $ per share $ per share $ per $ per share S per share share $ per share Shares 51 Dec 48 Jan 3 50% Feb 1 Cannon .—No par *50% 50% 50 50% 50 *50% 50% *50% 51 50% 12% Mar 16% Dec 153A Jan 19 17% Jan 9 *16% 17 16% 16% *16% 17 16% 16% *16 3/8 17 *16»/8 17 50 56% Nov Feb 23 561/2 Jan 9 Capital Admin class A common___l $3 preferred A 1„_10 *55 56 % 55 55 *55 56% 55 55 *55% 56% *551/4 56% 40 Feb 18 Capital Airlines 11% 11% 11% 1134 11% 11% 11% 11% 1.1% 11% 14,100 105% Jan 26 Carolina Clinch Carolina Power Mar .5% Feb 100 9/e Jun 55 ; Feb 108 Oct 102 8% Jan 13 Jan 11 13 12 Inc Ohio & 26% Jan 33 Dec 31% Jan Feb 1 25 % Jun. 354/4 Jan 30y4 Jan 3 33% Jan 31 Carpenter 12% Jun IS Ve Dec 171/8 Jan 6 191/2 Jan 16 30% Mar 37% Sep 36 Jan 6 38 Jan 14 Carrier Corp common Conv preferred 4% 8 Jan 4 6 Feb 30 Jun 131 Jan 26% 8% Nov 45% Nov 381/8 Jan 13 Nov 146 Jun 37% Dec 100% Aug 23% Apr 104% Dec 140 Jan 3 32%. Jan 27 X1041/8 Jan 18 34 83/s Feb 2 483/a Jan 24 Feb Carriers & I) Mar 36 105% Jan 3 7% (J Celanese 343/4 Dec Jan 13 34% Feb 97 Apr 105% Dec 1041/a Jan 3 1073A Jan 25 $4.75 Jun 132% Dec 130% Jan 138% Feb 28 7% 13% Jun 263/4 Jan 18 3A Jan Jan 10 Celotex 15 % Jun 18% Jan xl7 Jan 17% Jan 30 14% Jun 17 Jan 15 7'A May 3 123/4 6 Jun 161/2 Jan 9 10 Central 47/s Jan 27 Central 15 Jan 173/4 Jan 11 1 0.'/b Feb 9 38% Feb 2 Jan Dec Dec 351/4 Jan 10 112% Dec 110% Feb 9 liy4 Oct Dec 14% Oct 10 y2 Jun 14% Dec 9% Feb 13% Oct 8% Dec 104 Va Jan 8 Oct 1.2 9% Jan 12 , 37% 43 34 33 33% 3iya 33% 33% 33% 33% 33% 33% 3 3 V4 31 31 30% 31% *30% 31% *31% 17% 1734 17% 18 173/4 18 37% 37% 37% *105% 8% 1,500 45% 44 45 150y4 *150 151 30 35 3/4 36 4,500 *105% 106 35% 35% 35% *105% 106 y8 33% 105% 105% 105% 105% *105y2 106 *105 106 1381/2 138% 138 138% 137% 138 *1373/4 139 340 19% 19% 1934 19% 19% 19% 19% *193A 20 1,900 17% *i7y8 17% 17'A 17'A 171/4 16'/8 16'A 16% 16 y4 16% 163/b 16% 163/8 1,100 10% 10% 10% 10% 10% 10% 10% 10% *4'% 414 4% 4'A 43/b 4% 41/8 4% 10,300 1,400 19 34 1934 *17 Sugar Co 5 *16 No par 137% I6V4 16% 10% 111/8 4% "4 17'A 161% 10% 10% 4% 33 4 16 % 16 n 32% 331/4. 19% *17 33 33% *17 i7y4 331/8 8,800 1371/2 No par —20 1 *8% 200 105% 138% Aguirre 2,300 37% 44 y2 106 *105% 400 18 *37 83/b 3,800 32 150% 151 34% 106 *8% 100 33% 18 38% 500 33% 106 *137% of 35% *105% 104 18 *37 45% 43% *150 104% 17% 8% 8% 45 151 3434 106 104 300 105% 33% 33% *105% 100 1. 8% 44% 150% 35% 35 No par common 8% 44% 151 104 10434 *37 8% 8% 44 105% *104 37% *37 *150 35 *105y8 50% 104 x31% 44 35 10 100 104 104% 151 *150 H3'b *104 8 y4 8% 1 _ 3311 No par 33% 8,700 300 17% 600 preferred series B vtq——100 *153i 163/b 16% 16% Central Hudson G & E Corp—No par Central Illinois Light common* 10 y8 10 10 10 10% 10 10% 10 10 % 10 10% 3,100 3,600 *36% 37 36% 3734 37% 3734 36% 37 36% 37 37 3734 6,900 —100 *111% 113 '/J 113 *112'/a 114 50 934 9% *9% 101/8 9% 934 9% 9% 50 *12 34 13% *12% 131/2 *12% 13 'A, 13% 13% *13 15% 15% 15% 15% 16% 16% 116 15% *15% 15% 15% 15% 15% ,15'4 5% 4%% Feb 27 91/4 Jan 25 lli/8 Jan 9 12% Jan 26 14% Jan 30 Class B 113 37% 33% Foundry Co Ga Ry Co vtc_ Central 11 '/a Feb 9% 50 —100 preferred Jan 36% Nov 5% Jan 24 y4 6% Mar 33% 17 34 25 preferred preferred Corp 4 Jan 1734 series—: Corp of Amer com 1st 2nd 91/4 Jan 11% Mar Jun 21 10 33% *3112 common 4.20% Preferred 104a4 10 Caterpillar Tractor common 12 *104 ____5 General; Corp Co 11% No par preferred xl 14 31 Ry & Light Steel Co_ Case 28 151 1 __100 50% preferred— 16% 10 *16 113 113 16 161/4 16 16% '< *1121/8 * 113 112 1123/B 112% 70 10P4 9% 10'A 2,900 13% 13% 13% 300 16% 15% 161/8 15 15'A * ,, Central RR Co of N J class A - South West Corp com—5 141/a Jan 13 16% Mar 1 Central & 12% Jan 3 163/b Jan 24 Central Violeta 7 3A; Jan 24' 8% Jan 3 Century Ribbon Mills 18 3/a Feb 15 21% Jan 7 Cerro Jan .13 18% Feb 3 Certain-teed 15% 16 9% 28,000 * 6% July 14% July. 9 % . 211/4. Jan Jun , 16%.'Dec 15 11 22% July 18% Jun 31% Nov 291/4 Feb 31 Jan 31% Dec 301/2 Jan 35 Feb 6 91; 98% Dec 98 Jan 102 Mar 2 Jun, 5 ye Aug ■: 91/2 Dec 17% July, 27 Nov, 77 NOV 85 , 281/4 Jan 3 y2 7 26 Jan 34% Jan Jun 10 9% Jan 81/4 Jan 24 28 Feb Feb 80 Feb 15 41/4 Feb 10 Feb 30% Jan 12 84% Jan de Sugar Pasco 8% No par Products — preferred 20 20% 1 _ 173ij 17% 17% 1734 convertible" preferred—100 15 6% Feb 24 12 May 93A Jan 3 12 % Feb 24 14 Dec 121/4 Jan 13 143/4 Feb 10 7lA Feb 131/4 Dec 11% Jan 13 18% Mar 12% Jun 201/8 Nov 19% Jan 5% Jun 10 .Jan 73/4 Jan : Jan 3" Jun 51/2 Jan 4% Jun 8% Jfan Jun 34% Dec 17 9% I 3 3 . 28% Feb 23 (The) 1 Chicago Great West Ry Co com—50 5% preferred 50 10% Feb 18 Chic Ind 1 3 fi 5% Feb 18 .7% Jan 13 29 Feb 28 8% Feb 3 35% Feb 1 4 : Jan Jun1 15 Jan 11 Jan 3 153/4 Feb 20 24 Dec 36% Jan 273/a Jan 3 32 F6b 21 21% Jun 291/2 Mar 26% Jan 25 30 Mar 49% Jun 55% Dec 53% Jan 17 55% Feb 25 y2 Jun 393/4 Jan 13 Jun: 41% 82 Dec 56% Dec 79 Jan 14 88 13%. Nov 12 Jan 30 10 May 2 10 46% Feb 3 Feb 21 131/4 Jan 13 Class B—— Chic Milw St Series A & xl3 Jun 2 Vb £ per share 16% , Jun Jan - $ per 8i% *8% 25i% 25% 28 28% 28% 29 28%, 29 28% 29% 29 13% Jan, • 4 18% Feb 82% 82% 84% 841% 83% 83 % 84 84 10 Jan 3% Feb 14 Jun 60 Jan 453A Jan 3 4% Jan 503/4 Jan Vb Dec 36 Jan 44 Vb Jun 68 y4 Dec 303A Jan 5 '62% Jan 13 68 3/a Jan 5 34% Feb 24 3'5 30 26% Apr 97% 5ya Jan 32% Sep 105 y2 SbP 30 Jan 103% Jan 4 Jan 16 34 42% Mar 4 109 Feb 29% pec 26 Jan 24 29 Feb Jan. x20 59% Dfec 58 Jan 13 67 Mar 63/e Feb 79 y2 Jun 86 Sep 82 Jan 3 25 Jan 34% Dec 31% Jan 13 16 Jun 19% Oct .16% Feb 16 19% Mar 20% Jun 30% Jan 67 Nov 85 8% Dec 7% Feb „ 25 Feb 7 7 11 Childs 4ac 36% Mar Dec 43 y8 Jan 43% Jun 105 108 Jan Claik 3 46% Feb 112 3 $4.50 27 9 106% Feb 24 107% Jan 18 5% Co preferred preferred 12 3% Jan 323/a Jan 10 Pitts. RR Co 7% Special gtd 4% stock Climax Molybdenum 13 36% Feb 25 Clinton Foods 13 110% Feb 28 4%% Sep 82 y2 Jan 54 Nov 64 Sep July Jan 1075 101 Jan 3 4% Mar 2 24% Mar 3 14% Feb 5% Jan 5 Jan 11 18 27 143 Feb 77% Jan 5 81 Feb 1 Feb 25 165 Jan 3 138% Jan 4 Jan 1075 29% Feb 89 Jan. 158 100 533/B Jan 21 54% Jan Dec 42 y4 Jan 3 46 Dec 43% •98 Feb 8 100 16 3/4 Jan 13 xl3% Feb 17% Jan 12 Va Jun 15 4 cum 8 4% 434 434 8 8% 7% 8 29 % 30% 29% Class 2 Jan 9 193/4 Jan 20 Colo Fuel & Iron Jan 173/b Jan 11 Jan 16% Feb 15 18% Jan 12 Dec 16 Jan 13 24 Mar 3 8% Jun 17% Dec 16 % Jan 13 26% Mar 3 4 c'o non-cum 7-% Jun 163/4 Dec 15% Jan 13 24% Mar 3 4^> non-cum 17% Jun 29% Dec 2.8% Jan 3 31 % Jan 17 Columbia 16% Jun 28 Va Dec 28 % Jan 13 31% Jan 17 Class 9% Jun 7% Feb 15 ■ 1PA Feb 16 14 14%« 15y8 14% 15% 14% 15% 30% 3iy4 30% 31% 30% 31% 7,100 29 29% 29% 29 V* 29 »A 30 29% 7,100 *54 55% v55»A 55'A *54% 56 121/2 13 y4 *12% 13% 333/4 Jan 10 22 % Jan 30 27% Jan 10 Sep 26% 32 Va Oct 30% Feb 15 Jun 22% Sep 20% Jan Feb 27% Dec 243A Feb 4' Columbus Pictures SO & s J/8 12%., ; 291% - 55 55 300 44 44% 45% 44% 44% 9,000 87% 86% 8 6 34 87% 87% 2,900 121/4 12l/4 *12% '13% 500 1214. i . *107 107 *7% *173i 18% 3% 48 % 48% 32 < 31 % 31% 32 32 64% - 63% 63% 63% 64% 3% 3% 4 49% *31% - 63% 1 34% 34%fe< 34 5 a 34% 34% 34% 107% 107,%J07% 108% 108% 108% *27% r 64 VB 28 64% • 7% *7% *86%33% 18 Va *17% Sales for the Week 18% $ per share 400 3% 3% 21,700 49 Va 491/8 4 49% 32 V 64% » Shares 17% 17% *31% 980 : 32 63% 64% 343A 34%' 108% 30 26,800 ■ 1 9,500 109 240 28 27% 28 28% 28% 28% 28% 3;300 64% 64% 66% 65% 67- 65% 66% 7,700 7% 7% 734 73A 88 86'A 86% *86'A 88 33 % 32 34 3234 *32% 33% 33% 33% 1,300 *17% 18 Va *17% 18 18 19% 3,200 251/4 600 18 7% 7% 7% *861/4 600 88 25 25 *120 170 *120 170 *120 170 *120 170 *120 170 *120 75 *67 75 *67 75 *67 75 *67 75 *67 110 170 *67 75 25% 25 3 4 25% 25% 44% 44% 45 44% 111% 112 111% *25% 45% 111% 111% OO *106% 28 107% 28 *106% 28 28 44% 112 28 107% *106% v*27% 107 Vs 106 % *25% 25% 44s/a 45 Vb 251/a 45VB 25% 44% 44% 112 *111 112 *111 28 28 28 3,800 112 28 28 * 106% 106 % 107% *106% 200 , 700 IO71/2 10 100 *70% 72% *71% 72% *70% 72 V •71% 71 Va *71 72% *71 72% *41 50 50 ' 42% *41 42% *41 42 % *41 42 Va *41 42% *41 41% 14% 133i 14% I334 14% 14% 13% 13% 13% 1 36% 36% 36% 36 34 36% 36% 36% 36 3 4 109% 109% 109% 109% 10934 110% 1093/a 109 34 25% 4% *140 *80% 158 *53% 4% 4% 4% *434 4% 25% . 25% 25% 25 Va 25% 142 81% 159 *98% 17% *80% 158 54% *1220 45 *140 53% 142 *140 159 99% 25 *140 31% *81 161% 161% 5334 54 4% - 142 *80% 81% 159 54% 54 *1250 *1220 • 36% 109 4% 4% *243/4 25 141 142 14 36 3/4 109% 4% 25 141 81% *81 81% 162% 162 163% 54% 54 % 54% *1250 *1250 443i 44% 44% 45% 45% 45% 46~ *98% 99% 99% 99% *9834 99 % 993/4 .99% 17% 17% 17% 17% •17% 18 17% 17% 18 133/4 13% 7,400 36V2 36% 4,400 1091/4 630 *4% 4% 3,200 24%. 24% 2,200 *109 *140 *81 161% 54% 142 30 81% 162'A 4,500 543i, 890 *1260 44% 45 45% *99 17% 46 4,600 99% 20 18 2,100 1534 1534 16% 16% 163i 17 17 Va 17 Va 16% 17% 163A 17 *163/4 17 22 22 3,8 22 22 P4 22 22% 22% 22% 22% 22% 223<4 24 2,520 24 24 24 243/a 24% 24 Va 24% 24% 24% 25 >4 25 V2 26% 2,460 22 21% 22 21% 22 34 *22P4 22% 22% 24% 810 29 29% 29% 29% 29 29% 29% 29 V2 4,800 29% 29P4 28% 29 29 29 29V4 29% 1,500 12 3/a 12 % 12 3% 12% 34,100 15% 16% 15% 16 Va 15P4 Xl6 163/a I6V4 15% 16% 13,000 2,800 * *21% 22 *21% 2.50 30% 30% 29% 30 3 2.50 30% 30 Va 20 30 12% 12P/a 12% *14% 14% No par *65 68 -No par *31% 31 5 8 313/8 Co—-5 Elec *17% 49% 863/8 *17% 1734 334 33% *7% '• Mar. 2 $ per share share 47'2 3% 86% % 1734 18 33 7% 88 33 No par 22 % 22% No par 25% 25% 63 63 Va common Ohio 34% 34% 18 Friday Mar. 3 Thursday Mar. 1 $ per 47 3% 47 63% Wednesday Feb. 28 18 *17% *31% *86% System. Inc—No par $4.25 cum preferred w w Columbian Carbon Cot. 68% 18% Columbia, Gas * ,87%. S per share 44% Broad Sys Inc cl A 2 Columbia 66 43 ' Tuesday Feb. 27 643a *33 1st preferred 100 2nd preferred—100 5 10 Monday $ per share 11134 No par 14 4 Jan 18% 64 100 20 12% Jan 63 18% 20. —100 Feb Oct S per share No par 14% Feb Dec 13% 9,400 12,200 14% 12% 20 Ry com„_100 & Southern B 2,700 .1 31 *'i2 % Corp com—No par preferred conv 29% 29% 17,900 14% No par 12% Jan 13 Feb 48 VA Mar 21% b'c Colorado 29% 2,800 , 30% 88% No par 17% 29% 29% 100 1 Corp 19% 8% 151/4 4414 preferred Internatl 19 434 8 31 4334 Colgate-Palmolive-Peet com—No par $3.50 preferred— No par Collins & Aikman Corp No par Jun- 4% sy8 14% *871/2 : com Jun 434 8 30% 28 No par A Coca-Cola Mar 9% 15% 87 pfd (The) Co 27% 9% 4% ■: / 26% 9% 3iy4 44 : 2nd cum 29 87 100 Cluett Peabody & Co com 7 c'o preferred 4% . 1 29% 43% gtd_ Clopay Corp Coca-Cola 29 No par Inc— conv 7% Jun 4% 7%. 4% 8% 88 : 21 141% 4% 5 j 27% 9% 8;ooo 15% 5 i 24. 172 5,800 5,600 9% J 5% 31% Cleve Graph Bronze Co common—_1 Feb Jun 27 9% 9% No par Cleve & ■ 71% Feb Nov 27% 9% 9% 44% : 42 July 26% 30 100 __ 4 70% 27 8% 5 3 133 26% 5 No par Jan xl24% 27 9% 64% Cleve Elec Illuminating com Feb Feb 26% 9% *27% Equipment 29% Jan 5% Jan 27 . 64% 623A Jan 30% 18% 28% 37 Jun 18 64% Feb 3% July 18% 27% Jan 21% 18 87 Ry Co com—100 5% non-cumvpreferred 100 17 Dec 18 44% City Stores Co 13 Jan 17% 106% 3 27% Jan Dec 17% »95a _No par 73 15% 1634 541/2 City Investing Co common 5%% preferred 109 Vb Jan 35 Vb 17% Saturday City Products Corp_. Dec 105'A 17% .^--100 Corp. 43 Dec 14,900 17% 34% Dec Jun. 13% com——8.50 Elec Dec 10% Aug 12 13% 32 61 % 2'4% 11% 13% *31% 36 % 101% 5% 11% 13% 26% , No par preferred Aug 28 V2 5% 11% 13% _25 —25 3 r- ,112% Jun Oct 20% 5% 113/4 13% 29 C C C & St Louis 108 5% 11% 13% 541/2 t 3 10 13,700 5% 11% 3% 14 Jan 5% 5% 17% . 10 Feb 28 700 13% Feb. 25 8% Jan Mar 46/700 84% LOW AND HIGH SALE. PRICES 33% Feb 87 -.29% 11% 46% C I T Financial- 100 29% *83'/a 900 5% 3% Cincinnati 8% 251/2 13% *4534 6 81% *251/4 11% 1 2 8% 25% - 53i 28 3b :: & 150 8% *25'A 8'/a 25% • 13% 100 Gas 3,100 .u 11% 6 Milling Machine Co^-lo Cincinnati 500 33% 13% 55% common preferred Chile Copper Co Chrysler Corp 3 ' Co 5%% 28% 103 11% 5% *28% Oil Cotton * 13% Par Chickasha 17% ' 1134 EXCHANGE 24 3,300 9,100 ' *1021/4 29% 8434 *54% $ per share share 400 20% " 8 3% NEW YORK STOCK Range Since Jan. 1 Highest Lowest Highest share 1,200 7% 33% 33% 102 *2514 —100 . ' 8% No par' Pac, RR Co 30 33% 102 343% 101% *81 . preferred " 100 Chicago Pneumat Tool com No par $3 convertible preference—No par preferred series A Chicago Yellow Cati ; 17%. 28% *29 29% 34 101% 17 3/8 253/4 w_100 Conv 29% 341% 101% 173/b , 8% 5% Is 29% 33% 101% 17% 2() *25% Chicago & North West coin—No par Chic Rock "17% ^ 20 Vb 8% No par preferred vtc *29 34 101% STOCKS Year 1949 $ per & P vtc 17% , *7%. 8 25% ——No par Paul Range for Previous Lowest fly Co cl A—25 29% 20 15% 8% —— & Louisv 101% 17% 19% ' *7% '20 8 20 3 8 20 *7% *25% Chicago Corp 51/2 *33% ,15%. 8 ' Chic & East 111 RR Co com—No par Class A i ; 40 Feb 293/8 34% 33% Cab Mfg 2—;4. Chesapeake Corp of Virginia 5 Chesapeake & Ohio Ry common—25 3%% 29% 101% *29 *101 No par 1.25 ■ Checker 30 *7% 20 Champion Paper & Fit) com—No par $4.50 8 X8 20 i—No par ' Chain Belt Co 8% 5 Copper Corp Jun, < *15 9.50 Co^ 8 12% 14% 1334 1334 *64 Pi 3134 31% 22% 22% 25% 25% 62% 12% 67% 13P4 *64 3A 12 3,4 12% *13% 14 13% '* 6434 68 *643A 31% 313/a 3134 21% 22 V4 22 22% 25P4 2534 25% 25 s4 62 68 62 Va 62 . , 31% 12% 13% 68 13% *66 13% 1,600 67% 31% 313% 22% 22% 22% 22 Pa 3,500 25% 25% 25% 26% 10,700 31% 2,500 Combustion Engineering 17 46% Feb 16 64%; Feb 6 95 Jan, 107% Dec Jan 19 112% Feb 6 13% Jun 203A Dec 163/b Feb 10 21% Jan 3 25 Va Jail: 30% Dec 29% Jan 13 31% Feb 21 7% Jun 25% Feb: 2% 21% xl06 60 Vs 30 Va . Nov 343A Dec 4% Jun Febr 57% Jan 105 Coihmonwealth Edison Co 31% 10% 28 P4 10% 10% *10% 10 Va 28"% 28 3 4 39P4 40% 2834 •3934 28% 40 % Consol'Edison 30 4 Jan 6 30% Feb 24 11 of N $5 preferred: 3 PA Y cdm—No par 6 Feb 21% Jan 163A Jan 13 19% Jan 30 108 No par 1.33 % Jun Dec Dec 1023A Dec 6% Jun 9% Dec Feb 78 % Dec For footnotes see page 17% 1634 2,200 27,800 108 Va 1,600 108 "12% 108 12 3/4 13 *12 * 12% *12 1081/4 108 12% 13 12% *12 13 900 12% 100 44% 45 44P4 45 44% 44% 3,700 17 . 173'a 17 P4 17% 17% 17% 4,100 11 % *11% 113/4 1134 1 11% 113 4 11% 11% 6 Consolidated Textile Co Inc——_10c *10% 10% 10% 10 % 10 Va 11% 10% *11% Feb 10% 10% 10% 10% 10 1/8 10 V8 1,400 14 Feb 24 Consolidated Vultee Aircraft—2—1 13% 14% 1334 14% 14% 1434 13% 14 14% 13% 14% 59,300 143/a Feb 28 Consumers POwer Co 35% 16,200 33 Jan 13 9 1123/4 Jan 28. Feb 20 Ill Jan 4 38 SA Jan 3 43 "Feb 1 Dec Dec 17% 45% 17% 3% 30% 12 4L% 17% 44% 3% 29% 12 % Jan 109 37% 45% 3% 30% 3 110% Jan X98 12% 45 3% 29% 3 Dec - 13 Va 12% 354 30% 108 108 13 12%. 1,400 3% 25 Dec Jan 108 108 Va 1,700 -32 Va 10 29% 3P4 30 13 %- 13 Vs 45 Va 18 108 *12% 1,600 28% *321% Jan 110% Jan *45 pfd—.—100 13% 1'2% 10 28% 32% Jan 113% Jun 108 10P4 28% 10 Apr 85 3% 2934 *12% Corp„J.—5 Consolidated Natural Gas _15 Coiisol RR of Cuba 6% 13 % 3% 30% 10% 28 34 X32% -. 11 Apr 30 Vz * 3% 29% 3,670 20,200 10 % Jan 103 % Nov ;—— 3P4 30% 40 9,900 9,400 18% 11% 105% 103 31V2 iop/8 47 3/4: Feb Jun 31% 40% 3 93 313/8 x28% 423A Jan Jun;. 31% 10% 46 % Mar 27% 31P4 39% Jun May 31% 28% 11 Vs Jan 36 31P4 10% Sep 29% July 31 % 28% , Consolidated Laundries Dec 313/a 39% . Consolidated Grocers Corp 12% Mar 31% No par Publishing Co 10 10% 31p/8 Conde Nast 28 1.2%, Apr 17 Congoleum-Nairn Inc„— No par Consolidated Cigar— No par Consolidated Coppermines Corp 5 123/4 Jan Jun 16% 6 14 3/a Jan Jun 16% 3 108 3/4 Jan Jun 16 34 6 5 7% 108% 17% Feb ; 2 8 108% 16% ' ll1/* Feb 8 11'A 108% 16 34 41 .12 3A Mar 38 % 108% 16% 30 % Feb 1-07% Feb 11% 62% 108 % 1634 109 2 Oct 8 62% 107% 163/a X108 3/a 3 3 Jan 62 Va 10834 16 P a 110 3 15 14% 613/B 108 Va 16% <" Mar 33/8 Feb 109 Apr 563/4 No par ——25 Solvents 62 Va 110 100 preferred —L_ Commercial x62 Jan 27% Jan Jun 95 3.6OV0 common—i—10 10 Jan Feb 13 Va Credit Commercial ; 27 x.32% Mar 29% Dec 11 10 Dec 10% Aug Jun 243/4 . Superheater' Inc 9' 1013A Jan 11 Jan 3 95 % Jan 9 17 35% Jan 13 3 102 % Feb 105 % Mar 2 193/b Jan 24 Jan 24 39% Feb 17 Jan 7 100 103 7 9% Jan 9 753/4 Jan 13 783A Jan 11 8 3/s Feb 20. Consolidated Retail Btores Inc * 35% 3534 35% 111 Va 111% 111'/a 111% *109% IO934 1093/a 1093A *42 Va 42% 105 com——No par $4.50 preferred — - Continental Baking $5.50 Can Inc *97 No par Insurance —No Fibre 3734 20 common $3.75 preferred Continental Diamond Continental 18% Co com—No par preferred—; Continental *104 : * par 102 Va 42 *104 42 P4 105 35% 111% 353/4 No par $c4.52 preferred : — No par Container Corp of America corn—20 4% preferred —100 14% 35% 112% 111% 111% 109% 42 Va 109% 109% 109% 42% 42 Va 35 , 105 35% 42 % • 105 - 105 105 35% 11P4 3534 1113/4 ; 112% 1.09 3'a 1093b 1093/a 10934 140 42% 42% 42% 42% 4,300 105% 105 V2 *104% 18 3A 18 % 1834 18% 18 34 18% 18 % 97% 9734 98 97% 97% 98 98 98 98 37% 373/4 38 Va 37% 37% 37'A 37% 37P4 37% 1*9 103 18 P4 *102% 103 5 9 9 8% 8% 10 77 77 76% 77% *102% 8% 77 103 9 77 *102% 9 76 3A 103 *102Vi 9 *8% 76 P4 353/8 800 76% 103 9% 77 112 112 18% *98 37% *1023A 9 76% 430 106 18% 400 3,700 99 % 22fl 37% 5,600 103 9% 2,000 76 34 1,700 12 (956) THE COMMERCIAL NEW Range for Previous - Highest I per share Range Since Jan. 1 Lowest $ per share l< NEW YORK Highest t per share FINANCIAL YORK STOCKS Year 1949 Lowest & CHRONICLE Monday, March 6, 1950 RECORD • LOW AND HIGH SALE STOCK « Saturday Monday Tuesday Feb. 25 Feb. 27 Feb. 28 EXCHANGE $ per share Par t per share- $ per share ■'»- • t per share 5% Jun 8% Jan Feb 65% Oct ll»/4 Jun 15% Jan 56% 13% Jan 56Va 3 16%' Feb 28 Continental Steel Corp 14 19% Jun 24 % 15% Deo 15% xl5% 16 23% Jan 4 26 y® Feb 15% 25% 25% 25 V4 25% 25% 25% 51 Va July 9 12 12% Jun 49 7 19% Dec Jun Jan 92Va 55 Feb 3 17 13 Jan 7 14% Jan 3 17% Feb 4 48% Feb 16 49% Jan 11 14 11% Dec 10% Jan 3 1.4% Feb Deo 57 % Jan 3 65% Mar 30% Deo 102% Jan 102 Sep 21 13 72 % Jan 185% Jan 12 28 Dec 4 % Jan Oct 2 32% Jun Jan Jan 27 Deo Jan 103 102% Jan 27 5% Mar 30% Jan 3 105 Jan Jan 14 % NOV 12% Jan 18 14 Jan 5 29% Dec 28 Va Jan 25 30 Ya Feb 27 104 23 Feb 11 13% Oct 19% Jan 15% Jan 26 17% Jan Jan 42% Apr 39 Jan 18 40 Jan 20 Jun 30 Deo 27% Jan 13 33 Mar 94 Mar 105 Dec 102% Jan 11 90 May Deo 99% Jan 3 99% 24 Nov 14 21 16% Feb 20% Feb 28 15% Jan 4 'Feb 14 175 May 7% Jan 3 67% Jan 14 ',13% Feb 25% Nov 16 8 6% Mar ,, Jun 10% Feb - -73.-' Jan 5% Jun 60 •: 55 Dec 160 May 3 Apr 31 July 12% 160 16% Jan Jan 72% Nov 49 Jan Dec Feb - 105 , Feb 20 Yst Jan 11 59 % Jan Jan 6 25 19% Jan- 9% Jan 71 9 13% Jan 19 : Mar 25%, Jan 8% Oct 145% Oct Jun -52%,"NOT Dec 43% Feb Jun •4% 109 : • 7 ■18% 19% 24% : Jun Mar 133 9% 137 - 26% Sep 14 16 49% Jan 3 ; Apr 6% Feb 122% Jan ; 3 7% Jan 20% Jan -3 ' Feb 21 22% Feb Jan Jan 17 125 Jan Jan 8 4%■%■ , 9% Feb 10 24% Feb 10 138- - Jan 20 25% Feb 25 16 Va 12% 300 16 y4 16% 15 Va 16% 49'/2 15% *48Vb 15 y2 49'/a 15% 15% 2,500 49 % *48 Va- 49% *48 Va 49% Curtis 2 13% 13% 13% 13%- 13% 13% 64 62% 63% 64 64 64 32'/4. 32 32 65% 32 1,510 32% 32% 32% 32% 32% 32% 33% 4,400 101 »/4 *100% 101% *100% 101% *100% 101% *101 102 *101 102 *101 102 70'/2 102 69% 184 y2 70Va 69% ... 70 185 69% *184Y2 l85Va *184% 5% 5% 5Vt 5% 5% 2% 2V'4 2% 2% 2% 28% 28% 28 V2 28% 28%; *102% 103% *102 103 131/* 13 13 13 *29% 30 16% 39 V* 32% 32 % 8% *6SY2 *39 Va 39% 39 % 39 % 39 %- 39 V4 39 39 Va 700 32 Va pfd 1' 24 25% - <24% 130 • 18% 57 57 a. 20%. . *68%." 6% 7 ■ 133% " 53 24Y4 7 . V 9:, '128 25% - * : 240 17%. 71 : 1,200 1,700 8%' 2,900 X24% j 300 71 ' ■ .. 9 t 9% 23% 23 Ve* < 6% ' 24% 1259; 24 Va 23 Va 53% v X8%' 23 24 V8 >.< 53% 8% ( » 180 '• - 400 8%'. 29,000 t 23 y84' 1,900 ■) 130 > ' *24 *24 24% 9 15% Mar 13% Jan 13 17 96 12 97 14% Jan 96"% Nov 13% Jan 25 15% Feb 15 15% Jan 17% Feb 17 Jun • 11% July 17% May Jan 15 Deo Mar 26% 92 ,'22% Dec Jan 31 May Jan *16% 9R% Aug Jan 3 24 Jan 5 29"% Jan 4 34 Feb 7 Jan 11 97 Jan 100% Deo 97% Jan 24 7% Jun ma Nov 11% Jan 9% Jan Jun 30% 31 29 Jun 43% Oct 36% Sep Jan 40% Jun 26 8% Jan Jan Mar 17 5% Jun 9% 22% 3 27 99% Mar 1 100% Feb 20 15% Feb 10 11 Jan 5 Dana Corp common 3%% preferred series A Davega Stores Corp 5% convertible preferred Davison Chemical Corp (The) Preferred 3.75% i ' 24%' ?4% Jan 30 45 Jan 31 Deere <te Co 36 Jan 3 7% 1,600 ■ Dec 12% Feb 15 13% Jan 10 Derby Oil Co Sep 21% Jan 13 23 % Feb 28 Detroit Jan Jan 6 Feb 2 Jan Jun 23% s'. 58 9 Vu 4% Jun Feb a6% Jan Jan 11% Jun 16% Jun 22% 31% Sep 40 14 7% Jan 12 25 23 % Jan 9 6 5o% xl2% NOV 20% 24 % Mar 13 % Jan NOV Jun 15 5\ 58 13% Jan 11 Sep 45% Feb 40% Jan 3 43% Feb 23 9% Jun 13 Va Dec 12% Jan 25 13% Jan 3 8 VB Feb 27 9% Jan 5 17% Jan 13 18% Jan 12 6% Jun 9% Nov 12% Jun 18% Deo 6% 9% 25 Match 101 S per 12 y4 Jan 4 35% Jan 28 50 % Jan 3 54% Feb 10% Jan 3 13 Deo 33% Mar 3 36% Jan 4 A— 15V4 Feb 27 17 % Jan 6 Dome Feb 27 11 Dow Chemical Co 10 9 72% Oct 57% Dec 108% Sep 108 Feb 20 110 Jan 30 123% Dec 119V4 Jan 13 135 Mar 3 69 % Jan 54% Jan 13 13 82 19V4Jan 5 Sep 86% Jan 30 11 y8 Mar 20% Oct 19% Jan 27 14% Oct 13 Divco Corp Dixie Cup Co common Class A Dr. 112 63% 124% Mines Feb 2 20% Mar 14 y2 Jan 2 12 Jun' 9% 12% Jun 15% 20 V4 Mar Jun 13 Jun 16% Mar 2 7% Jun 13% Jan 38% Jun 43 % Nov 45 y8 Jan 27 Oct 172% Jan S 19% Jan 10 Feb 24 15% Jan 17 3 12 3/4 16y4 Mar 23 % 30% Jan 9 10 19 Va Jan 7 88 Jan 96 Deo 96 Feb 14 96% 14% Dec 12% Jan 29 May 96 Jan Jan 14% Mar 3 3 13 96 Jan 13 Jan 9 Dresser Industries 25 *43% 44% *43 % 43 V2 43% 43 43 43% 43% *12 Va 12% *12% 12% 12% 12% *12% 12% 12'/a 12% 300 8% 8Va 8ys 8% 8% 8% 8% 8% 8% 8% 18 Va 8% 18%- 18% 18% 2,500 18% 17% 18% <17% 18% 17% 18 Va 10,000 Saturday Monday Feb. 27 Feb.28 I per share- 4 per share 4 per share 13 % 52% 60 12% 12% 12% 12% 34% 12% *12% 12 Va 12% 12% 12% 1,500 34% 33% 34 33% 34 3,300 34% 34% 34% 34% 15% 15% 15% 15% 15V4 15% 79 79 80 82 81 82 60% 61 60 Vb 60% 59% 15 —— 50c common 100 1 No par (E I) & Co— Common Light 5% 1st pfd 100 Corp 5 Eagle-Picher Co 1 Eastern Airlines 10 Inc 1 10 common Stainless Steel Corp_^. 17% *81 % preferred preferred Elastic Stop Nut Co 1% J an 3 11 Jan 7 Electric Storage Battery Elgin National Watch Co— Feb 23 Elliott Co 82 *81% *8iy2 81% 81% 81% *81% 81% *81% 81% 40 20 y2 *20 20% 20 % 20 y2 20% 20% 20% 20% 13% 1,100 13 13% *13Va 13% 13% 13% 13 13% 1,500 *115 11 Va 63% 63% 63% 125 126 102% * 116 *115% 11% 10 Dec 6% Jan 13 14% Jan 10% Jan 13 61 % Jan 55 Jan 13 Jan 60 Jan 9 103 Jan common— 61 Mfg Co Emerson Radio & Phonograph Empire District Electric Co 5% 16% 15% 2,900 15% 15% 55,400 46% 47% Feb 27 Erie & Pittsburgh 5% Dec 5% J an 25 6% Jan 11 6Vb Jun 10 Va Jan 8% Feb 14 10% Jan 11 6% Jun 11% Dec '9% Feb 16 11 % Jan 7 36 Jan 61% Dec Jan 13 66% Mar 3 Ex-Cell-O Corp 3 Jun 5% Apr 3% Jan 5 page 55 20. 4% Jan 10 Williams Evans Products 15 15V4 16 15% 16% 15% 16y8 48 47% 48 Va 47% 47% 47 47% ' *180 2 29% 1 *16% 185 29% 17% *180 *182 185 29V* 29% 16% 29 17 *16% 17Vz *95 97 96 14 14 13% 14 13% 100 *97% 100 *97% 9 9 29Va 97 96 *97% 186 *95 14yB 100 *180% 186 29V'2 29% 16% .17% *95 97 14 14% *97% 100 *180% 186 29% 30% *17 17% *95 97 14% 14'/2 *97% 100 . *181 29% 30 171/2i17% *95 14% '97% 8,500 186 97 14% 3,200 1,000 10 3,300 100 8% 9Va 8% 8% 8% 8% 8% 43% 8% *8% 43% 43% 43% 43% 43% 43% 43% -43% 19 43% 43% 44 19 3.600 18% 19Vb 18% 18% 18% 18% 18% 18% 18V\ 18% 37% 36% 36% 6,500 36V2 36% 36% *36% 37% *36% 2% No par 15 50 2% 5 36 V2 2Ve 2% 38 38 38V8 38!/2 38% 38% 12% 12% 12'/2 12Y2 xl2'/4 12% 12% 27% 27% 36% 39 *71 74 25% 147/8 > 2 2% 1% 2%. 39 12% 267/a 27% 26% 73 72% 72% *70% *50 26% 51 51 *50 26V'2 14% *50 15% 19,700 257/a : 26Va 15,000 2,800 18% 31% 26% 102 25% 102 1 67/a 67/a 67/a 67/a 67/a 67/b 11% 11% 11% ll7/a 11% 117/b 11% 100 55% 55% *55% 563/a 50 *60% 5 : 67/8 No par 5% 55% 40 15% 18% *60r/2 100 15% 31 61 51 147/a 18% 5%-. 73 15% 30% 61 *50 15 18% 5% *71 15% 30% 62 73 51 1,200 7,200 18% RR Co— 1,000 5,000 27% 31 Corp 12% 26% 26% 25% 102 1'2% 26% '37,600 27% *30% 102% 12% 27V8 2 38% 26% xl8% 102% . l7/0 38% 267/8 187/a *102V2 1,700 2 26% 26% 25Va 800 26% 31 102% 26 8% 39 12% 27 *72 27% lOVa 100 36V2 iy8 *38V4 73 26% *70 *30% Co— 16% 14V4 10 Eversharp Inc Eureka 17 Corp common—25 preferred series A Feb 5,700 21,000 15% 15 16% 47% 10 5V2% convertible preferred 5% preference 1 Erie RR common— 57% Feb 16% 16% 15 16% 13% No par preferred Equitable Office Bldg 12% Mar 16% 16% 14% 16% 5 4% 7% Jan 16% 16% 15 14% 100% Jan 800 16% 14% Deo 10% 3 (The) preferred Endicott Johnson 140 10% 15 50% 8 900 11% 16% 27 19 Va Feb 11 15 26% 33% Jan 11% 16V4 50V4 6 llVa 115% 15 51 Feb 11% *115 16% 27 17% Jan 11 115% *11% 16% 14% 30 115% *115% 15 *50V4 Dec 116 116 16% 16% *26% Nov 2,300 102% 14% 3 18 % 124% 102 Vi a 16% 4 35% 36,500 124% 102% 62 3 15 50 Jun 62% 124% 102% 62% 16% Emerson Jan 62% 124% 102 Va 16% El Paso Natural Gas_ 14% 62% 125 102% 16% 6 x29% 62% 124% 102% 15 3 11, 63% 125 Vb 102 Va *115% 11 y4 15% Mar 29% Feb * 116 *11 28% Jan 3 62% 125 125 »/2 102 Vb 102% 51 Xl6% Jan 200 2,100 7,000 81% 16 Nov 17% 13% 15 18 % 135 17% 20 13 Jun 132% 6,700 12,600 13% Feb 12 Va 17% 109 133% 17% 133% 109 48% 1 common Electric 110 2,900 1 20 Jan 10 "108 15% 60 y8 13% 13% Feb Jan 110 15% 500 20 26 Dec *108 17% 17% 50 14% 60% 132% 171/4 Oct Jun 79% <80 61 17% 17% May 8% 80 12% Elec & Mus Ind Amer shares 16 2% Feb 42% Jan 18 37% Feb 15% 79 % 60% 47% 100 Jan 15% 81 60% 131% xl7% 100 4%% 15% 79% 132 Va 17% 13% , 59% 131% 2.50 Ekco Products Co common 15% 33% 5 100 Eaton Manufacturing Co Edison Bros Stores Inc common preferred— *108 60% 109 VB 34 *52% 12% 10 common Jan 75 13% 5 2 Va 28% Feb 23 2,100 *52 % Electric Auto-Lite 8 Shares 13% 52% Electric 7 the Week 52% 5 67% Feb - *52% 6 25% Feb Mar. 3 $ per share 52% 8 NOV Sales for Friday Mar. 2 *52% 19% Feb Nov Thursday I per share 53 38% Feb 75 4 per share < 52% 46% Jan 28% Mar. 1 52% 0 Jun Wednesday *52% 13 Jun 13% Tuesday •12% 1 24 17% 18 *37Va .37% Jan 48 400 12% 13% 16 13 2,900 2,100 37% 35% Jan 11% Jan 25 2,000 <- 13% 42 Va Feb see *43% 13 37%. Oct footnotes 36% 14 Dec For "36% 37% Dec 68 22% 36% 43 y2 13% 36 Va July ^*13 '22% 44 37% 17% 3% 22% 14 45% 55 22% 36 Ve 38% Feb Jun 13 22% 36% *37% 12% 48 Vs. 12% 22% > 13% 33% Apr 13% Mar 2,900 38 32% Mar Jun 4,200 22% 36%* : — 6% 22% 13% 10 10 y4 13 » 22% LOW AND HIGH SALE PRICES 3%% convertible preferred Duplan Corp Convertible 13 — 6% 7 X22 62 38 12 51 7 6% 22 % *58 38% X8% Jan Jun 13% 7 22% 61 *37% Dec Jun 678 22 Vi *58 *8% 1 8% iy8 7 61 No par No par Jun 34% 127/a *58 *12% ■ Dunhill International Boat 7,600 61 22% 108 4% % 600 23% 36% . 133 6% 12% 23% 22% 1 » 36% 108 Corp 12% 23% 67/a 22% 36% 132% Eastern 12% 23% 36% ,,<22% ' 55% 50% *12% 23 % 22% A- 13 12% 36% 108 Eastern 13 Jun 13 22% 54% 12% 23% *58 22% 36% 56 12% 23 % 7Va *7 .-v*2% 135 Eastman Kodak Co " Jan 91/4 *12% 61 *106% 9 16% Feb 7 *58 55% 127/a 23 % No par 1 29 Jun 61 22 common 24 Dec 4% *58 56 % *12% No par Feb Jan 55% 13 23 Va 20,000 —No par 48% Feb 180 19 105 8,400 12% 23 y4 *133 Duquesne 32% Jan 56 12% Feb. 25 Ltd DWG Cigar Jun 100 Va 7,400 No par 10 Apr 51% 28% $3.25 2nd preferred 20 14 Vb 29 28% No par Feb 21% Jan 29 63% 13 23% Aug 28% 102% Jan 42% 29% *125% 10 , 28 5 6 6 28 No par 13 101 27% 57% No par 14% Jan Oct 29% 56 Preferred $4.50 series 13% Feb 94% 28 57 Va Preferred $3.50 series Deo 10% Feb 29% 57 10 16% Mar 202 6,100 28% 21 16 % Jan 10 23 27 7% July 164 9% 22% $4 preferred series A 11% Jan 9,300 9% 22% 64% Feb 116 34% 9% 22% 102% Feb 4 34 9% 22% 125'% Feb 4 34% " 9% 9 10 y4 Jan 1,100 22% 13 113y2 Jan Jan 10,200 35% 23 23 % 2 9% 600 43% 35% 23 60 Ye Jan 102% Aug 115% Jan 9% 23% 43% 23 122 % Jan Oct Jan 9% *23 Va 35% 23 101% Jan 21 Nov Feb 9% 23% 43% 43 2 Pepper Co Du Pont de Nem Jun 9% 150 2 Douglas Aircraft 61 y4 Feb Jan 2 83 y2 Jan 97% *23% 100 % 23 V* No par Doehler-Jarvis Corp Sep 15% Jan 11 40 % Feb 8 43% 23 Ve 20 Per Jan 18 119 23 Va *99% >100 50c 16% Jun 100 Diana Stores Corp NOV 17% Feb 8% 6,300 33 3a * per share share 81% Jan 78 8% 33% Distill Corp-Seagrams Ltd 38 % Dec 8% 32% 9% *23 EXCHANGE 24 Va May 16% 8% 32 Va Diamond T Motor Car Co 14% Mar Feb 8% 30% NEW YORK STOCK Apr 43 8% 30 Va participating preferred Range Slnee Jan. 1 < ■Highest Apr Apr 48% 8% 8 4 101% 8% 30% 5 Nov Jan 8% 30% 50 common 17 July 12% 3,100 30% —100 i 38% Jun 14% *35% Western '53% Jun 10 & Raynolds class Lowest S per share Feb 45% x Highest 24% Feb 14% STOCKS Year 1949 tper share 14% 100% 35% (The) Range for Previous Lowest 70 14% *100 42% , 37% 100% 14% 42% 7 & 99% 14% *35% 22 Devoe 99% 99 % 14% 35% ctfs for preferred Diamond 98%- 100% 43 7 3 100% 98 100 14% 23 y4 - 22 2 *99% 98 8% 1 22% Mar 5,300 *99% 8% 1 39 V* Jan 33% 15% 8% Detroit-Michigan Stove Co 13 33% 100% 15 8% Detroit Steel Corp De Vilbiss Co 14 33% 42% Edison Jan 33% 23 % Detroit Hillsdale & S W RR Co__100 36 Va Feb .Jan 33% '35% Hudson 14% Dec Escrow 33 35% & 11 33% 43 % Lack 27 7,200 23% Delaware Power & Light Co 13.50 Denver & Rio Grande West RR Escrow ctfs for common 100 Jan 24 35% Delaware 31 17% 22% 33 99 17'/a 22% 42% Delaware 57 % Feb *98 *99% 15 17% 22% 23% 3 3 33 *16% 22% 35% 17 14 32% 17% 22% 43% 14 Feb 32% 300 *16% 22% 23 % 10% Jan 52 % Jan 18 41,400 22% 35% 23% Feb 27 *17 y4 43% 3 Dec 18%, 23% 3 Dec 17 97 *14% -15%: . 20 8% Jan 53% 16% *96% 15 Va 32% 99% 29% Jan 30 Vb 17 97 *14% 22 100% 21% Jan 12 Jun 16% *96% 14% 22 Va 15 16% 97 ; 14% *17Y» *99V2 16% *96% 14% 18% *98 % 16% 97 *14% 22% 100 1 15% *96% 14% *96% No par common preferred Jun ' 22% 7 100 Deep Rock Oil Corp! 4 34% Mar *17 1 B ley* 97 14% 50c 19 12 % 15% Decca Records Inc 13 15% 97 *14% 50c 35% Jan Jan 15% *96% Dayton Rubber Co 34% 50 series 15% - 20 Dayton Power & Light common Preferred 3.75% series A 38% Jan Dec 20 1 100 2.50 ' common 3 22 Jan Jun 19 Mar. 2 Jan 23 21% Jan 23 92% 4% May - 55% 62 56% *60% 26% . 102% 7 11% 56% 62 25% 18% *31 *101% 7 11% 25ya 18% 18% 18% 32% *31% 32% 102% *101% 102% 110 7V4 7% 7% 20,400 12% 11% 12% 31,800 56% 57 *60% 62 57 *60% 57 62 300 800 10 5% 5V'2 5% 5% 5% 5% 9% 5% 5% 5% 1,300 9%, 9% 9ya 9% 9% 9% 10Va 3,500 ; 5 10 10% 97/a lOVa 1 Exchange Buffet Corp 10% 107/a 10% 107/a .10% 107/a 10V2 10% 3 63% 64 *10% 61% 10% 10% 10% 64% 62V4 627/8 4,700 62% 64 2.50 *3% 64% 3% 3% 65% 65% 66% 9,900 3% *3% 4 *3% 4' *3% 3% *3'/2 . ; 11,300 4. V* 129%; 23 129 x, .1,400 •. ; 53%' 8%: x 128 Va . 7%r .: i 134 t■•..■134 23 Ve • ■128% 7 : 134% "*53 1,100 ..*23%; 23%. 7Va > '134 23% 129 ) 12'/..: 12 Va 12% : 53% I 53% s - 129 134 ' *12 23 D 87 > 175 8% ': ' 2,900 21%. 17%,. 10 - 57%- *160 71 260 *■' 18%- '21 . 8% - 5,600 104%' 56% 175 68 V a 33 104%. 18% . 21% 17% -. 8% . 71 : 7 V4 *133% f 9% 24 . 7% •*» 53 23% • . 23 , 7% . 53 >/,, , 130 25% 8% 12% !• 12%, ;i34 r 134" 9y«.. - 8% *68% 12 23% *127 25% \ 17 e *160 % 4 12 23% 24 '< . »" 72; j2 9" - . < 57% 21%. • 175 32 104% .'*103 18% 57% 17 Va *160 ' 32% 104% : 104 % ' 18% ; .'21% 4 21% .17% 8% *103 56% 1 > 23% "*52% v 56 Va 17% "J 121'o '104% 104%; 38% •» 180 8% 69% 32% 104 % <18% ) 20% 17 Vb *160 600 ' 32% 104% *103 t> 18% 8'/a V l33Va 9% % 105 > 105 *103 uy, 53 *126 No par 32% *104% :• 17% 69% -.7 1,500 3,700 23y2 i33V2 *52Y4 8 . 1004 :—— — Cushman's Sons Inc 7% Cutler-Hammer Inc ' *132 __1" ' . 13'/a 16% 180 8V2 23% .6% ; No par common 11% *23% 13 30 21% % 17 71 *11% par1 21 x *29% 13% 16% 57% *160 8% . 6,400 *102%. 102% 13 Ve 30 32 Va 57% * 29% 28%- *101% 103 13 Va 16% 18% > 29% 103 30 Ve 18y4 17 Y4 29 % 29 Va 13% 16% 18Y4 22 14,400 30 Ve lOdYa 180 9,800 2% 16% 105.' *17 5% 2% 30 104% * 22 28 % 5% 2% 16% 105 *160 160 5% 2% .16% 105 57%' 185% 5%. 16% 104% 57% 3,600 16% *104V4 18 185% 184% f 40 70 39% 16% *39 32% % 69%- 3,000 5j/4 *101% 30 184 69% 13% 2% 2% 13 *29% 69% 185 *5 103 13 30y« 70% 185 28% *101% *103 —No par Class A 29% 17 39'/4 No common 140 13% 101 ' 1,900 63% *101 • 3,900 56 14 102 —*.—100 Publishing *48 Va - 25 y4 64% 101 5 25% 13% 2.50 Prior preferred— 25% 64V4 No par preferred Curtis-Wright 4 "B , 14 % No par 4 $7 preferred < *"8 "< 64 *100V4 3' Cunningham Drug Stores Inc—2.50 2 .55% Jan 28 xl6% 12% *101 Cuneo Press Inc 9 134% Mar 12% 2% Cudahy Packing Co common—_10 5 1 *12% 16% *5 '■ 3 11% Feb 24 23 *54% 102 * - 55 184% non-cum pfd 100 ' Cuban-American. Sugar common—10 7% preferred 100 ' . 31 Mar 25% *54V4 12% 70% Cuba RR 6% Feb 14 175 15,200 10,400 55 *101 Crucible Steel of Amer com—No par 5% convertible preferred *_100 11 6% 57% *12% No par common 6% 57 Ve < *54V4 100 Corp $4.2o preferred—^ $4 2nd preferred— 16 16% 12% 25 Zellerbach 57% 16 %■ 54% 101 1 Crown 57 16% 12% '• *100Y4 2' 27 104 ya Feb 100 of Shares 54 y4 32 pfd 3V2% $2 preferred 57% 6% 13 63 5 ' Wheat Corp (The) Crown Cork & Seal common 3 , 6 % 55% *48% preferred 53% 16 57 6% *54% *14'/a Cream 19 . 56% 6% *12% 1 Creameries of America 3 36% 57 Va 6% 13 50 3%% 6% 55% 20 Crane Co common i; $ per share ' 6% 16 V2 r series of 1947—100 Refining common__25 preferred 100 Coty Inc 1 Coty International Corp 1 31 t *16%'16% 25% 25%' Dubilier Electric Corp Cum 6Y2 Sales for the Week • Mar. 3 *12% 7% 3 Feb 8% 23 58y2 Corn Products 2% Feb 25 8 series 6% Friday - $ per share *54% 5 ' Corn 3 9 5 4 common pref 5% 6%, Exchange Eank & Tr Co Corning Glass Works common 3 J/2 % preferred Cornell 5 67% Jan 2% 96 101 % Ja n 100 '/a Feb 5% Jun Convertible 3 182% Feb Jun 21% Feb Dec 3% Mar 1% Copperweld Steel Co 3 Sep 73% 189 Jan 34 28% Jan 13 100% Feb 21 Deo Jan 57 11 Jan Feb Jan 171% Jan 12 1 Continental Oil of Delaware 9 20 58% Apr 94 60% Jan 54 Feb Continental Motors 9 52 49% Mar 1 20 55% Jan 25 55% May ' Jun 7 % Jan Thursday Mar. 3 t per share - 16% Cooper-Bessemer Corp common 5 $3 prior preferred No par Copper Range Co —No par 3 <• Mar. 1 47% 6 % Jan PRICES Wednesday 4 200 Volume the Number 4887 171 commercial Range Since Jan. 1 Year 11)49 Lowest Highest I per share financial chronicle STOCKS Range for Previous Lowest & t per $ per share NEW Highest YORK LOW AND STOCK Monday Feb. 27 Feb. 28 Par $ per share t per share Thursday Wednesday Friday Mar. 2 Mar. 1 $ per share 13 PRICES SALE Tuesday Feb.25 EXCHANGE S per share share HIGH Saturday (957) Sales for Mar. 3 I per share 9 per share the Week $ per share Shares 1,700 1,900 f 34 Jun 19 Feb 25% Oct 23 Va Jan 3 Feb 4 Fajardo Sugar Co 19% Oct 23% Dec 20 Va Jan 23 22% Jan 7 Falstaff 12% Aug % Jun 15'/8 Oct 14'/a Jan 3 17V8 Feb 23 Family Finance Corp 7% Jan % Jan 3 l%Jan 14 13 41'/a Jan 33% Mar 1 42% Jan 25 11 y8 Mar 15'/a Dec 15% Jan 3 16% Jan 32 Jun 38% Jan 36% Jan 9 39% Mar 14% Jun 18% Nov 17% Jan 13 3% Jun 6% Jan 4% Feb 14 33% Jan 24% Feb 36 95 % Mar 104 Dec 19 Fairbanks Morse & Co— 11 Federated Dept Stores common 104% Jan 18 13% Jan 12 12% Jun 17% Dec 17% Jan 3 19% Feb 27 81% Dec 80% Jan 19 56 Dec 52 % Jan 63 ya July 43 July May 105 53 Jan 11 % Jan Dec 67 Jan 17 Jan 13 Jan 3 28 . 18'A Jan Jan 30% Jan 4 Dec 103% Feb 27 Jan 31'/a 104% 18'/a May 13% 5 17% Jun 98 y2 106% Jan 24% Jan 73 18 Va Jan 3 20% Feb Mar 33 % Jan 4% % 2 20 Feb preferred T $4 preferred Florida Power Corp Florida Power & Light i 21% Feb 15 15% Jan 10 Florsheim Shoe class A 14% Mar 12 1 8% Feb 14% Dec 14% Jan 3 19% Feb Follansbee Steel Corp Food Fair Stores Inc__ 28 27 Jan Nov 89% Jan 3 96% Feb 10 96% Oct 96 Jan 7 99 30 33% Dec 29 Jan 25 35% Mar 25'/a Dec 24 25 Jan 13 • 30% Jan Food 18 < 19 % Feb Co_: 2 Jan 30 Jan 16 12% Aug 9% Jan 3 11% Jan 27 8 Jun 10% May 9% Feb 3 11% Jan 10 Feb 6% 19% 19% 65% Feb 19y8 Feb 10 23 3 Feb 16 22% Jan 9 Fruehauf Trailer Co common 78% Feb 75% Jan 3 80 Feb 1 7 Va Apr 5% Jan 3 7% Feb 16 Gabriel Co Gair Co 5,000 • 37 Va 37 Va 104% .104% 104% *104 % 104% 12 Va 12% 12% 12% 12% 900 19% 19% 19 V* 19% 4,200 38% 37% 38 37% ; 38 19% 19% "82% 83% 58% 59% 105% ; 105% 106 106 105% 105 83% 83 83 58 Va 59% 58% 83% 800 58% 2,300 72% 72% 72% 72 72% 72 73 72 % 73 2,200 13 Va 13% 13 Va 13 Va 13 Va 13 Va 13 Va 13 V* 13 % 13 Va 1,500 31% 7,600 * 31 31% 105 31% xl03% 26% 31% 104 19% 19% 31 '/a 31% 31'A *103% 104% ♦103% 104% *103% 25% •25 % 26% 25 % 25'A 19% 19% 19% 20 12,200 21% 21% 30,000 13% 14 31% 31% 11103%. 104% 26% *26 "26 32 60 104 20 19% 21% ' 14%" 21% 21% 21% 21% 13% 14'/a 14 14 : 14 Va 14% 14% 14% 514% 14% 28,900 Xl7% 18 Va 18 Va 18% 18% 18% 29,000 29% 5,100 ; 21% 21% 14 Va 21% 21% 14% 14% *14Va 14 *14% 14% 14 14% 18 18% 19% 18% 19 29 Va 29% 29% 29% 29% 29 Va 29% 93% 93% 92% 93% 93 93% 92 Va 92'a 98 98 97% 98% *97% 34% 35% 34% 35% 35% 35% 24% ' •17% -• 29 y4 29% 29% 29% *93 (v 94% x92% 93 % "98 98% 98% 98 Va *98 33% 33% 34% 34 98% 34% 24% ♦24 11 33% "24 * 24% *24 24% *24 10% *10% 11 * 9% 4 24% 24 24% *24 Va' *10% 10% 10% 10% 10% 9% 9% 9% •9% 9% 9% 6* Va 10 Va *9% 60 7u » 1,400 150 200 99 14; 500 70 500 11 500 9% 20% 600 64 Va *75 *6$",4 6i>7rf 64% 65 Va ,64 17% 17 17 17% *16% 17 17 17 *17 17% 200 20% *17 100 200 19% 19% 25%. 19% 26% 13 v 220 71 Va 13 '/a Va 21 y8 1 110 105% - 14% . 1 * 1,800 105% 19% ,_lo Froedtert Grain «fe Malting Co Inc_l 20 1,100 4% 105% *64 va 13 16% Feb Dec 18 Va 4% 105% 71 31% 900 *17% 4% 12% 19% 83% 59% 65 57% Jan Dec preferred 19 Va 38 16 39% 18 4% 4 Va 1,900 4,700 15% 39 Va 104% 12% "64% Nov 17% 23% 4% 104 % *12% 9% 60 v 104% 12% 10 Jun Sep 38% 104 % 19 Va "26 *4% 4% 1 1 16 18 18% ♦18 18% 4% t 39% 15% ♦38% 12% *9% Jan 16 Va 38% 37% *10% 16% 18 15% 38% *103% 1 ; 16 38% 12% No par 11% 67 37% 104 105 • 25 _ 4% 13 y8 10 prior preferred 18% 4% 71 Freeport Sulphur Co *38 i 18% 4% 105% 100 Francisco Sugar Co Franklin Stores Corp Jun 18% 15% *38% 59 -100 common 16 38% 83 _10 --.-I- 15% 38% 60 Va No par convertible preferred preferred Foster-Wheeler Corp 16 39% 83% 1 3%% 8% Nov 21% 3,000 60 Machinery & Chem Corp—10 3%% ' Jan - 16% 1 Va 83% ..No par 3 29 y2 16% 1% 60% .,7% 15 92% 16% 1 Va "i05y4 No par 13% Mar- 1 Apr 16% 1 Va 1% 83 No par 11% Jan May 16% 1 Va 1 Va 60 y« No par bet July 16% 1 Va *82% - 100 * . ' 25 Jan 78 16% 19 ;_10 com Florence Stove Co 28 89 17 "37 1 15 y2 20% 16% 1% 103% 24% , 2,300 17 "12% Sep May 20% 100 9% 12 24 Va 20% —5 First National Stores 4 : 39% 24 Va 20% *4%. Firth (The) Carpet Co No par Flintkote Co (The) common__No par 9 Jan 27% Feb 39 24% 20% "18% , 5 preferred Firestone Tire & Rubber 20 106 39 24% 20% 15% No par Fidelity Phoenix Fire Ins N Y 2 14% Jan 5 Dec 4%<% 20 15 39 24 Va 20% -"39 _5 Motor Truck Felt & Tarrant Mfg Co— Ferro Enamel Corp : 8 60% Feb Feb 69 July 21% 83% Feb 13 105 107% Mar 38% 24% 20% 16% 1% 1 27 38 % Feb 3 3 38% 24% 20% 2 Federal 13 39% 24% 21% Federal Mining & Smelting Co Federal-Mogul Corp Jan 39 24% 21 17 10 11% Jan 103 40 Va 24 Va 21% 1 1 common Liquidating Corp___. Fedders-Quigan Corp 17 Jan *39% 24% "21 Feb 20% 39% 24% 1 5% Jan Nov 39% ,_20 FAR 3 10% Sep No par 1 Brewing Corp 20 20% 20 20 Va 20 Va 20% 20 Va 20 20% 8,900 77 77 73 76 73 77 *75 6*"/4 *16% 20% 130 77 *75 77 *75 g 4% Jun 4% Jun 7% Oct 7% Jan 3 8% Jan 10 14% Jun 18% Dec 17% Jan 12 18% Jan 28 Oct 9% Jan 6% Jan 3 8% Jan 20 31% Oct 41% Jan 35 Jan 3 38% Jan 12 13 Feb 17% Dec 17 Jan 10 18% Feb 11 15 Jun 19 Apr xl7% Jan 3 10% Jun 15% Jan 3 6 16% Dec 3% Jun 6% Feb Jun 32% Feb 15% Jun 23% Jan 13% Jan 19% Dec Jun 105 Jan 41% Sep 99 107 9% 152 106 163% "15 Co (The) 19% Feb 10 Garrett 5% Jan 12 Gar Wood Industries Inc 27% Jan 12 4 20% Jan 11 Gaylord Container Corp Jan 3 11 General Jan 11 13 12 10% Jan 19% Jan 107 Mar 2 53 y4 Mar 3 (The) Amer Feb 27 31 12 Jan 5 165 Feb 12 $8 7 9 75 Jan 9 14 30% Jan 9 17 Jun 20 Apr 16% Feb 16 18% Jan 11 129 Jun 139% Apr 130% Mar 2 138% Jan 34 Jun 42% Dec 41 y8 Jan 13 47 Feb 23 39% Jan 48% Dec 47% Jan 13 50% Feb 3 93% Jan 100% Dec Jan 20 13 % Feb 16 General Instrument 3 General Mills common 6% Feb 100 14 Mar 2 9y4Jan 103 x6% Jun 13 % Jan 8% Jan 4 44% Jun 56 % Dec 54% Jan 16 123% Jan 128% Ju* 126 Jan 13 112 Dec 109% Jan 10 113 56% Mar Jan conv 19% 19% 19 vs 18% 19 Va 106 Va 106 Va 49% 49 % 49% 1% • 18% 106% 49 5% 3 I per share 63 % Jan 123 y8 Jan 127% Sep Jan 104% 13 Feb NEW . 13 78% Feb 10 5 127% Mar 102% Jan 6 104 Va Feb 19 y8 Jan 3 21% Jan 16 Jun 19% Sep 38% Dec 34% Feb 17 Jan 13 11% July 16% Mar 13% Jan 4 16 Va Feb 20 3% Feb 10 3% Jan 9 18% Feb 20 38 3 11% 11% 11% 165% ♦163% 165% 17% 17% 17% 17 23 Feb 7% Nov 6% Jan 20 7% Jan 6 General 24% Jan 23 Va Jan 31 Mar 34 Dec x31% Jan 18 34 99 Vs July 122 Jan 113 Jan 5 119 22% Jan 31 Nov 18% Jun 27% Dec 50 25 % Jan 28% Jan 13 *100 100% 200 11% 10% 11 10% 10% 10% 10% 10% 10% 12,500 No par 55% 55% 55% 55% 56 56% 55% 56% 56 56% 56% 56% 2,000 129% *128'A 129 Va 129 129 113 *111% 115 113 113 : i 100 *123% 129% *128% 100 "111 112 *111 Va Portland Cement General Public Utilities Corp Gen Railway Signal com 6% Realty & Utilities^ 9 General 5 General Gen Steel Castings $6 25% Mar '3 General _5 18 Va No par 23 *126% 10c 7 No par *24% 1 , pfd 33 No par 115% 11 Gleaner 31 23 Glidden Co Jan 9 14 Jan 43% Jan 13 Sep 103% Jan Jan 8% Apr 50 107 Mar 3 Feb 8 7% Jan Jan 9 Dec 29 Jan 37% Feb 28 Grand Union Co 28% Jan 243/4 .Tan 35% Feb 27 28 y4 32 Dec Dec 16%, Apr 36% Jan Oct 26% Feb 100 Mar 23 27% Jan 2 102% Jan 28 • 33% Jan 5 35% Jan 17 13 11% Jun Jan 12 33 y4 Jun 43% Jan 40% Jan 44'A Jan 10 16 ya Jan 19% Oct 18 % Jan 21% Feb 23 144% Mar 137% Jan 147 /14 y8 Sep 133% July 62% 12 Jan Mar Jan 71 Jan 30 Dec 41 Jan 44% Jan 12 Green Jan 15 14'A Mar 13 Oct 12 July 10% Jan 93% Jan 100 Jan 18% Jan 24% Feb 15 7% July 6% Jan 8% Jan 19 5 Feb 92 Jan • 20% 1 101 Dec Jun 14 Jan 12% Jan 15% Mar 3 54 y2 Dec 51% Jan 56% Mar 3 100 Jan 103 Jun 71% Jan 59 y» Jan 25 16% Jan 22 y4 Dec 21 Jan 3 footnotes se? page 21 20. 63% Jan 24% Jan 3 13 103% 24% 103% •101 24% 23% 83% 83% *83% 86 *84 75% *73 75% *73 i*73 75 9% • *73 9% 38% 38 Va *95% 38% 95% 95% 14% 14% 14% 84 84 83 Va 83% 56 *82 97% *20 % 20% 2,300 29% 29% 8,700 20 20 V* 20 % 20% 29% 30% 29% 30 10% 10 Va 56 10% *107% 108% *107% 108% 15% 15 •107% 15 Va 83% 56 ♦55'A 10% *55% 84% 56 15 14% *55% 14% 14% 11 10% 108% 15 14% 84 84 83% 84% 83% 84 Va 103 V4 103 Va 103 Va 103 Va 103 Va 103 Va 103 Va 103 % 103% 48 V4 48 % 43% 48 % 48 % 48% 48% 48% 48% 49 ♦106% 107 106% 12 2'A . 106% *106% 12% 11% 2% 2% 107% 109 *106% 11% 11% 4,000 2% 2% 2% 56,100 8% 8 Va 36% 34 Va 26% 101% 27 lOtVa 17 . 17 .. 8% 8% 8% 37% 8% 36% 36 % 36% •35% 35 33% 34% 27% 27 27% 101% 100% 100% 17% 16% 16% 35% 33 27% 100 16% , 8% 8% 8% 36 36 33% 32 % 32% 24,800 27% 2,500 27 Va 27 100 Va *100 16% 16 16% *35 35% 35%)' 101 35% *35% 35% 12% 12% 12% *12% 12% 12% 12% 12% 12% 12% 12% 5,800 41% 41% 42% 41% 42 Va 41% 42 41% 42 41% 42 Va 4,200 21'A 21% 21 21% 21 21 21 21% 21 21 21 21 Va 2,100 *145 146 *145 146 *63 70 *144% 35% 146 144% 144 Va ' 145 % ♦63 146% 70 146% *63 147 44% 43% 44 44% 44% 44 Va 44% *1414 15 14% 14% *14% 15 14% 15 14% 14% 14% 14% 10% 11 10% 11 10% 11 11 10% 11 100 99 % 99 % 98% 99% 98 99 Grumman Aircraft Corp v—1 Guantanamo Sugar common, 1 • $5 convertible preferred No par 23 % 23% 23% 23% 23% 23% 7% 7% *7% 7% 7% 7% No par 140 70 *43% 1,300 1,800 (The)— Common 3 preferred preferred *43% 1 70 35 44 $5 *63 -, 44 Gulf Mobile & 290 5,500 41% •35 44% 4%% 3,600 12% - 100 Greenfield Tap & Die Corp 1.200 36% *35% *34% No par No par (H L) Co Inc 200 11% 35% 16% 1,900 7,600 2 Va 34% 26% 107 11% 33% 101% 5,900 50 2% 8% 16%: 2,400 11% 33% 27 % 107 14% 84 103% 2% 34% 102 48% 10 11% 8% 27 % , 16,600 108% 2Va 32% "16% 14% 83% 103 11 100 11% 34% *10iy2 10% 4,500 2 Va 2% 5 1 108- 103 Va 56 Va *56 *107% - 11% 12 8% ♦106% 200 84 30% 10% 4,100 *82 20% 56 97 84 ♦82 30 107% 38% 97 15- 20 Va 10% 38% 6,700 9% *14% 21% 107% Va 15 30% *55 11 160 75 Va 9 4,800 86% *73 38% *96 Va 14% 23% *84 9% 38 38 97 Va 23% 86% 75% 9% 38% 38 15 30 109 % 9% 14% 96% 14% 9% *95% 38% 96% 9% 9% 104% *102 70 * 56% For Feb 24. 83 Va *63 11 Jun 9% 41 *101 24 83 Va 70 Greyhound Corp 100 103% 23% 590 *63 28 Jun July Apr 97 y2 Jan 15% Mar 11% Jan *101 24% 84 --—5 Green Bay & Western RR Jun 103% . 23%. 83 100 65 9% *101 15% __L 100 com preferred Nov 11% 2,000 10 Va conv 43% 33% Mar 25% 10 . preferred! 67 Dec 25% No par , Gt Northern Ry 6% pfd Great Wfestern Sugar com 7% 25 *107V2 preferred——No par Gt Northern Iron Ore Prop—No par 3 24 Va x21% 1 (The) Grayson-Robinson Stores $2.25 1,700 24 21% No par No par Grant (W T) Co common 3%% % ._10 Granby Con sol M S & P 9 17% Feb 15 % Jan 29 _1 Granite City Steel 101 29% 30% No par 30% Jun 29% 30 *55 1,200 29 Va 83% lo 2,200 33 119 23% 29'/a 24 75 23% 33 118 117% 21 Va 50 33 33 5,000 117% *82 Graham-Paige Motors Jun Apr 38% *95 (B F) common—No par $5 preferred No par Jan 11 *9% Goodrich Co 16% 93% *73 103V2 23% 23% 1,100 , 7 7 15,700 117% 100 com 33 ,. ; , 33 84 Goodall-Sanford Inc 23% 23% 17% 22% 128 117 *82 Telegraph Co 10 24 7% 6% 17% 22% *126% 33 15 convertible preferred 18 *32% 22% 128 117 15 Brewing Co 16% 20% Mar 83% 2.50 $5 preferred Gotham Hosiery 9 *23% No par common- 2% Feb 1% Jan x24 6% 18 17% 22%. ♦126 Va 117 5 Harvester Corp Goodyear Tire & Rub 24% 128 7,800 116% 33 % No par 13% Feb 11% Mar *101 , $4.50 preferred 10 500 116 23% -100 common 22% 6% 23% 24% Jan 18 7 23% 3 84% Feb 6% 33% 24% . *126% 7 7 18 Va 17% 22% *126% 23% 25 104% Jan 25 33 % 115% ' 18% 23% 128 23% 24% Jan 3 . 18 Va *22% 23 18% Jan 20 *126% 7 18% 22% 128 23 28 y4 Aug 25% Dec 24 18 V« 23% 3% 29 Dec 69% Jan 18% 23 128 - 29 Jun 101 y2 Jan 35 29 17% Dec 21 29% 21 Aug 21 2.9 1 •4%% 21 29% 83 Va Mar 1 preferred Gold & Stock 21% 29 10 Goebel 20% 20 Jan 2 20%. 4,100 preferred .-100 Georgla-Pac Plywood <fc Lumb Co 1 5 1,500 20% 4,000 80 11 800 21% 21 *20% 3% Oct Feb 103% 14% 80% Jan 127 % 103% 3% 72% July ; 127% 104 Va 14% Glmbel 12 127 Va 104 35%. >36% Gillette Safety Razor com——No par $5 convertible preference No par 56 ♦126% 104% 3% 9 112% Jan 127% 104% 14% 3 23 *126% 104'A 36 24 25 126% 104 3% Telephone Corp (The) 126% 104 % 14% 16% Jan Feb 126% 35% . Refractories Shoe Corp Brothers 30,100 76% 14- 38% Feb Mar Shares 76% 76 75% 35% 4 97 share 75% 3 Va 13 Jan per 75% 14% 28 102 < 75% 35 100 3 126% *104 I per share 75 Va 76 75% 3% preferred Mar 11 % $ per share t per share 76% 75% 14% Jan 3% Sales for the Week S per share 35 Va 90 16% Mar Mar. 2 3% 14% Feb Jun Friday Mar. 3 Thursday 14% 33% Jan iy8 May 5% Feb i Mar. 1 34% Jan 10 , Wednesdays 3% Jan 106 . 14% Dec Jun SALE PRICES 600 35% 17% 98% Feb. 28 100 Va 3% 91 45% HIGH Tuesday Feb. 27 *99 *14t% 37% Jun 112% : 3% 6 34 ♦128% 100 14% 10 Va Feb 14'A Jan 129 113 100 100'A 3% 25 Sep *100 *00% 34% 8% Jan 19 5,300 *14% Feb 72% 31,100 49% 1 3%% 104 46% 49% 10c 14 24 46% Mi No par Co 72% Feb Jan 46% 49'A Monday 9 per share 10 7 . 46 Va 49% Feb. 25 Jan 10'/a Feb 130% 46% 49 Va Saturday EXCHANGE 4%% 54 vi LOW AND 1 131% 45% 49% 129 112 STOCK 130% 46% 131 , • *112% 129% preferred General Tire <fe Rubber Co com—5 107% Feb 170 132 *131 100% 14 Jan 8Q 900 17 Va 11 12 Dec 130% 17 Va *100 25 Dec 17 Va 11% 24% Feb 10% 17 Va 100% 83% Feb Jun 131 17% 11% 3 Jun 131 17% 28 100% 23 Jun 131 6,500 74 l 19 V4 Jan 14 y8 17 7% 73 Va —No par sNo par 77% Jan 52 ya 17 * *27% 28 49 Apr 100 17 7% 7% 73% ♦27 46 Corp— Jan - 29% Jan 1 55 28 17% 7% 73% 74 *27 13,300 49% Jan 116 *73 27% a 17 % 46% Jan Jun 7% 7% 74 2,800 11% 1651 49% : YORK 7% 74 #27 17 % 46% 77% Jan 17 .■ 163 Va 49% 21% July 28 11% * 46% 102 % 5% - 74 *27% 17 131% Jun 48 7% 7% *73 28 17 Va 200 49% Apr *95% 7% 17 ? 46% July Jun •• 7% 73 17 par General Time Corp common—No par 4%% preferred 100 Jun ; 7% 73 *27% 35 General 24% Feb Jun 105 Va 131% Gen Precision Equip Corp General Public Service 126'% Feb 12 y4 *104% 11% 2i 6 79% 5,200 105 % ♦163% *20y4 4 24 53 % 104 V2 11% JNo par 3 12% in=; 1#, 100 Gen Outdoor Advertising 19% Jan Jun 140 52% 165 Va 126% 16% Jan 24 5y4 107% 51% 107 11% 104Va 121% Jan 68 19% *106% * *163% 104Va Dec Mar 19'A 50 % 106% 50% 17 Va *126% Jan 73 1,000 7,300 11% No par Nov Sep #104 1/o 105 19:% 19% 165% No par 20% 64 105 10"> 19% 16% 1 17 10 10o% 50 19% 19 11% Preferred $3.75 series 124% Jan 106 % * 50 100 19 V. 19 Va No par Corp com_ $5 preferred Jun 101 106% 2,700 19 Va *163% General Motors Corp common May 2iy4 Feb 19'A 106% 3,100 5 26 % 16% Par 11 15% 18% 19 Va 4% *25% ' x125V2 Jan Dec 19 Va 19 Va 19 26% 11% $ per share Dec 67 300 25 % 165% : convertible Highest $ per share 72% Nov *97 99% 900 18% 18 V2 5 4% * 11% ?. ' Range Since Jan. 1 Lowest Highest 19% 19% STOCKS' Year 1949 5 25% 16% 100 preferred 3%% 105 19 Va , 4% 25% 4% *25 *163% No par $3.50 preferred 24 105% *105 18% 5 26 5 5 preferred General Electric Co General Foods 5 19 49 2nd Range for Previous Jun *19v4 preferred General Cigar Co Inc com—No 9 129 Va Mar Apr 4% 19% 26% *106V4 General Cable Corp com— 4% 1st preferred 20 20% 700 18% 18% 19 19 Va *25% 5 Jan 4% 18% xl8% 5V4 Corp 27% Feb Jan 18% No par Bronze 71 15 % 18% *18% 19% 5 preferred General Jan 11% 18% 13% 26% No par 1 17% Mar Jan 120 18% 18 Va *5 Va General Baking Co common 5 Jan Jan 3% 18% 18% 19% com__l $4.25 preferred series A 10 Jun 18% 18 % 35% 200 1,800 *18% 35% 18 % *35 4,300 7 % * 35% *35 4,200 7% 35 35 36 18 1.66% Investors 31 2y4 *7% 7% 18% * *25% Transportation 79% 22% 7 Va 7% 7% 18% *13 18% 18 Va 36% 18% 18% 1 $4.50 preferred General Apr Jun 7 Va 7% 7% ♦18 18 36% 100 American Jun 51% 7 7 7% 7% 7% 7'vh 18% 36 Va *13 2 Jun 9 per share 7 Va 7% *18 13% 7% 7% 7% 7% 7% *18 50 com convertible preferred 105 13% Jan 161 Corp 4%% 24 Va Lowest 7 7% 7% 7% 18 *18% No par 65% 97 50 36 ya 7% ' 18 7% *7 % .No par Co 1 Va Jan 103% Jan Dec 6 Gamewell Gardner-Denver 2 45% Jan Jan Feb 18% Mer 18% Feb Dec Oct 9% i 13% 5 Gamble-Skogmo Inc common 5% convertible preferred 7% 7% 7% *13 20 18 Jan 11 Jun 7% 1 common 7% 7>/« 1 (Robert) 3 4 25% Mar 48% Nov July Inc preferred • 21% 103% 6% (The) Ohio RR com_No par ; No par Gulf Oil Corp Gulf States Utilities Co 25 —No par ' 102 102 *102 103 102 102 10% *98 23 7% *102 54,100 11 10% 99 99 99% 23% 23 23% 22% 23% 9,700 7% 7% 7% 800 7% 105 ♦7% •102 105 *99 102 100 102 260 150 14% 14% 14% 14% 14% 14% 14% 14% 14% 15% 15% 15% 28,500 54 Va 54% ♦53% 54 % 54% 54 % 54% 54% 54% 56 V* 56 56% 1,900 61% 60% 61 60% 61 Va 60'A 60% 59% 60% 12,100 24 Va 23% 23% 23% 24 23% 23% 23% 23:% 10,000 61 61 60% 24Va 24Va 23% - (958) 14 THE COMMERCIAL NEW Range f0r Previous Range Since Jan. 1 Lowest Highest $ per share FINANCIAL. CHRONICLE YORK' STOCK $ per share NEW YORK Highest $ per share Saturday Monday Tuesday Feb. 25 $ per share Par , 1950 RECORD PRICES ALE STOCK Feb. 27 Feb. 28 EXCHANGE Monday, March 6, . STOCKS Year 1949 Lowest & $ per share 4 per share Mar. 1 Sales for Friday Mar. 2 Mar. 3 >•■>'" $ per share $ per share $ per share , Thursday Wednesday the Week $ per share Shares H 31 Jan 39% Dec 33% Mar 2 46% Feb 14 16 % Jun 24% Dec 22% Jan 13 25% Jan 30 Halliburton 12 Jan 14% Dec 14 Va Jan 4 15% Jan 12 Hall.(W 11% Jun 13% 14Va Jan 12 72 % July Apr 81 Jan 108% Nov 104 % 18% 142 Nov Dec 23% May 12% Feb 77 16 Hamilton Watch Co com 5 80 Va Feb 8 14 107% Jan 3 Hanna Harbison-Walk 20 Jan 3 Feb 145 Jan 5 4% -23 Feb 6 146 ' Feb 1 25% Dec 23% Jan 27% Jan 7% Nov 5% Jan 3 7% Feb 10 5 71% Feb 21 1 : 11 10 Jan 68% Oct 64% Jan 6% Jun 10% Dec 9% Feb 5% Jun , 3: 8% Jan Feb 25 Dec 21% Feb 9: 24% Jan 25% Dec 25% Jan 3 29 Jan 84 Jan 95% Dec 30 Jan 37% Dec 98% Jan 23% Jan 32% 37 Dec .42% 93% Dec 34% Jan 13 ys Jan 40 105 Jun 122% 31 125 95% Feb 1 41 106% Jan 32% Jan 42% Feb Heinz 3 23 53 127 Feb Mfg 3%% - 18 20% Mar 25 • Industries Hayes 17 7 Ja.i *146 Marx___• Cojrp 3.65% J) W) Jan 6 Jan 24 5% 45 Dec 40% Jan 25 46% Jan 11 Hershey 53% Dec 53% Feb 18 56 Feb 8 4% % preferred series A— 52 V# Dec 51% Jan 6 53% Feb 3 4%% preferred series B__-— 21% Jan 15% Jan 3 22% Feb 18 21% Jan 13% Feb 10 18% Jan 7 20 80 14% Jun 77 Dec 84 % Sep 74 8% May 12% Dec 11% Jan 4 12% Jan 11 15% Dec 14% Jan. 4 16% Feb t 25 11% Jun Feb Jan 12% Jan 15% Sep 13% Jan 5 15% Feb Jun 29% Dec 25% Jan 14 28% Feb Jun 15% Oct 12 Feb 23 14% Jan Jun 22% Jan 18% Feb. 21 • "■24% Mar 34% Jan 28% Sep 27% Jan 16 50% Nov Feb 8 16% x24 Apr 34% 45 Dec Hotels Hinde & 9 Mar 29 ' 5% 11 conv 9% 30 37% Feb 21 109 Jan 13 125 % Feb 21 $4.50 2nd pfd series 101% Jan 12 104 Jan 19 $4.25 13% Dec 12 Va Feb 14 14 Jan 9 35% Nov 31% Jan 3 34 Jan 10 28% Jan 41% Nov >86% Jan 99% Dec 42% Jun 48% May 35 Jan 31 95% Jan 7 99 Va Feb 48 Va Jan Feb 44% Oct 38 % Jan 12% Jun 16 , Oct 15% Jan. 131% Jun 46% Jan 37% Feb 4% Jun 11% Dec 8. 12 44% Jan 10 % Feb 26 15% Jan 42% Feb Dec 12% Jun Jan 37.% Mar j Feb 14% Oct 13 Va Mar 8% Nov 11% Jan 8% Jan 2% Jan 18% Jun Dec 19 52 51% 51% 51% 52 51% 52% 126 125% 125% '*51% *126 Howe Sound Hudson 5%- & 53% 53V2 *5314 53 V2 21% 22% 22% 22% 21% 13% 13% 13% 13% 131% 13% *71 ■••• _1_5 * 126% 127 15 15 *14% IS'/, *27% 281% 500 53% 53% 21% 22 13% 14 12% 12i% 12% • *71 • 15V2 15% 600 2,800 12% 1.400 18'% *18% I8V4 18% 28% *28% 28% 28% 29 46 '/a 45% 46% 45 % 45% 36% "36% 13 "12% 33 *32 % "*32 Va 37% 1 47% 16% 36% 36% . xl201/2 121 xl02% 102% *102% 12% 12% 123'a 12% 12% 33 32% 32% 32% 33 33 *32% « 120% * 104 37V2 37% 37% *37 37% 37- 98% *98% 99 Va *98% 99 % 98% 47% 48 48 48% 47% 42% 43 34 44 3,a 43% ■A* 15% 43 '/8 '16% *15% 16 % 38% 39 37% 38% *9% 10 9% 9% 9% 9% 100 -*14% 15 :^14% 15 14'4 14% '*13% 14% —12.50 13% 1 jC-6.66% 39% 13% 9% ' „.__—l 38% ,13% r. 10 2% 2% *20% 20% > 10 No par - 2,000 670 104 70 12% 4.300 33'/4 700 36% 36% 98% 98% 60 48% 48% 5 900 43% " 44 V# 6,600 ' 700 16% *16 *16. 16% . 39% 39% ' 9% 10% %6% 14% 14% 14 14 *16 ' 39 383a k - 39'% 9% 40 % 4,100 10 6,100 700 " 38% 38»% 38% 38% 38'% 38% 37% 38 % 4,100 13% 13 % 13% 13 Va 13% 13%. 13% 13% 13% 9 900 10 20 36% 120'% 39 2 V2 ." 37% 9% 2% 9% 2% 9% 2% 10 lO'/a 10% 2% 2% 2% 20 20 20% 21% 21% 10% 10% 4 300 2% 22% 3'/# 38,400 22% 22% 4,800 2% 20% ' Refrigerator Co 6,100 ' 10 39Vs . 4 *32% 44Va 48 800 1,700 45 3 12% 48% 43% 120 *102% 98;i4 47% 39% Ltd-^No par 104 98% 1 ■it. 9% *38%; 121 102% 18% 29 36 V# 12% 12% 121 common—100 „_5 18% 29 X45% 36'% 123% ""37V2 42% -*15% ; 42% 99 Vs 47%' 42 % c—25 37% 99Vs < 18% 104 13 — 28% 18% 3 6 '/a - 12% 45 % 121 A 15% 283,4 36% 600 . 27% 28% " 3,700 15i% 12% 46% 36% 11% 15% 18% *122 72-1/2 11% 27% 45% '•"404 • *71% ■ 12% 28% 36% 100 3.000 13,400 15Va . 12% 18% 123% 14 27% 15'/4 28 46. 104 '/4 21% 13% *15'/4 11% 29 , 53% 21% 15% *45% 36% 50 *53% 'y 72% 11% *15»/4 11% , *27% 12% 18 V2 1 200 54% 14 **14% 28% ' 42% 54% 22% 15% 12% 130 42% 54 53% 11% 15% 240 3,300 43 72% ■11% .126 ► 900 11.900 ♦ 54 42% ' *71 72'% 11%. 15% 26% - . 126 31% 31 V" *28% ' «.No par Hupp Corp—— Hussman 52 43 *121% _ Hunt Foods Inc 3 -12% '18%' 51% 54% *104 » 11% Feb 3 15 28% 52 54% No par preferred—- 3 % Mar 15 28% *11% 51% 100 20% 42% *71 50 104'% 42% 43'% 16 *104% 800 ?0% 54i% 11% 1041/2.„. 38 *41% *53% 72% *37 600 95V2 31'% *42% 11% 2,800 *95 " 20% 54% xl6 4.700 42% 42% *71 16% 7% 22 V# 19% 42% 11% i6Va 800 28% *41-1/2 > .-_ 2,200 x31% *53% 72% 11% 6 % 10 42% • *53% 21% Corp— 22% Mar Va ' - 1,500 73 31% 31% 53 % „—100 Co 3 126 ; . 37% *104'% . , 22% . 95i% 37%- 104% *104% 104'% 13% 43 54% No par Hudson Bay Min & Sm Hudson Motor Car_ 21 127 104 % 21% ' com—5 com Manhattan non-cum *126 127 * ■' *53 % Finance common—No par 13 1% Jan.. 17.% Jan 18 No par 15% Jan 12 1 12 Co preferred Howard Stores 1 2 17% ■47% 1 % May ' 5 3 Jun Jun 10% 3%% 24 8% 42 17- T10 A preferred conv Household 9 13 42% 17 •———5 Houston Light & Power.; Houston Oil of Texas v t Jan .20 28 33% 9 17 5 10 Jan 32 *42 17% 1 Electrochemical $2.25 3 29% 38% Feb *31% 42%' 17Vt j._100 preferred— Houdaille-Hershey 23 44% Feb Hooker 24 46% Jan, 13 32 42% 30 Dec 104% *31% 12.50 Dec 37 42% 17% —110 116 37 "_5o Mining— 101% 37 , 24% 28% 7% *9^ 130 2.600 149 7% 28% 95% 10 22% 28% *42% preferred Homestake 7% ;.. 22% '-*53% _—/_ Sep Jun 13 A Holly-Sugar Corp 2 47% Jan 7% 800 : 20 22% *6% *71 % , 10% 28% 31% —1 ((A)'& Sons'— :: ' 19% Jan 37% 37% 24 Va .72'% *10 22% 31% * ' ' 37 951% •>*36 % . 50 Co__ Co_ Furnace Hollander S5% *94% 5 Paper (Charles E)J Hires Co 96 > *146 V4 6 Va *61/4 *71 • 13% 79% 105 22% - 24% 7% 4 105 149 ■ 28% 951% 22% 28 3 *771% 22% 75« 221/2 *28% • 10% Va 104% Corp— Dauch Holland 96 7% '. #146 72% 10 I3V2 . 78 24% 6% *6Va *71 10 i/b 13% * 24% 24 721% 10 Va 7% > 6% *71 28% 23 28 Va ; ,-v. IO4V2 * 5 7% 7'. 22% '24 : 149 ?146 149 *104% —5 Feb 94% 32% Jan 4 25 - 22% **36 _UO0 Jun 100 I Hilton 22 22V» No par com Hewitt-Robins Inc T 20 8% preferred Heyden Chemical Corp 3 Va % preferred series 6 22'/a 1 13% 13% 13% 22 6% 101/4 *94 V2 No par Nov xl3% Aug 106% 106'% 23% 72% 7% *42 51% Nov «. 78 *105 *146 10 28% *17 common Chocolate 79'A 106% 7 *6% 22% —25 26% Mar Sep *78 21% -24% *71 22% _No par . 62 ' 7 72% 10% 7% - llo preferred Powder " 1,900 *105 . 100 ; Motors Hercules 7 7,200 14% 13% 791/4 *105 149 24% 1 200 23% I4V2 13V2 22% *146 34% 23% 14% 14% i25 common non-cum Hercules 11 common—A 22 24% 34 23% 14% 23% 14% *77% 106 Va 149 • 33% 23% 14% *d32% 241% 14V2 77% *105 *28Ve -—5 100 preferred (G 7% Co ■ 10 V# . __15 preferred 771/2- 33,%- 24 41% 24 > 13% 13 Va < 33% 41% , ' ..—2 ; 14% 22% 24% •■*71 ;—1 1 Glass Co/— common (H Helme Inc_ 24 a a 14% 106 % *21%': '' — & 41 24% 78% «105 com__No par 40% , 13% *77% pfd—No par —10 Hecht Co 6 3 14% l100 Hazel-Atlas 9 - 24% ; *13% —_Ll00 $4.25 Refrac Hayes 28 Jan Co preferred Schaffner Hart 6 20 Mar 49 % Jan Dec 131 24 40 % Feb 16 17% Aug Feb 3 Feb 104% Feb Oct 53 Feb Feb No par preferred (M A) 42% 24% Hat 10 Jan ' 7 19 % 20y4 9% 6% Jan Jan <"41% *14% - Corp of America ■ common-,.—1 4%%" preferred—*— £ 100 12 Jan 3- conv 6% Jan 4% _25 Well Cementing—5 Printing Co —5 Jan 20% 61 Water Oil F) 104% Feb Jan 149 Hackensack . - Range for Previous STOCKS Year 1949 Lowest $ per share : Range Since Jan. 1 Lowest Highest $ per share NEW " Highest 4 per share YORK Jun 36% Dec 35% Feb 8 Feb 36% Dec 34.,% Jan 25 73 Jun Dec 92 \lFeb 95 Jun 20 100 Jun 25% 96 34% Jan 20 15 98 Jan 3 17 97*. Jan 20 34 Dec Mar 39 94% Jfin Jan 38 25 37% 20 Jan • Idaho 3 Jan •> 6% Par ' non-cum RR A/ pfd stock ..ctfs Jan 37% Nov 36% Jan 13 Jun 55% Nov 55 Jan 13 56% Jan 4 7% Sep 10 Va Jan 8% Feb 1 9% Jan i- 4 >21% Jan Dec 28% Jan 3 31% Feb 10 4 Jun 29% 8% 7 Jan Jan 19 Industria 33% Mar 53% Dec 45 Feb 7 51% Jan '5 72% Oct 66% Feb 25 Jun 155 Jan 30 Jan 165 May 11% 4 Apr Jan 38 Jan 9 71 6 Jan 41% 163 26 Jun 18% Jan 13% Jan 10% Dec 10% Jan 12% Apr 18% Dec 16% Jan 95% Dec 92% Jan 9% Jun 2% Jan 13% Jan. 22% Jun 164% Jan 5% 73% 1% Jan Dec 13 212 26% Jan 177% Feb 14 10 Dec 34% Oct Jan 86% Oct 3% Feb 6% Dec Jun 31% 32 Jan 143 Feb 33% Dec 37% Dec 94 Jan 103% Nov 4% Nov 84 627 Jan Jan 4 Jan 4 Mar 130 % Feb 7% Feb 24 33% Jan ^25 104 27 >. 14 46% Oct 40% Feb Jun 57% Jan 49% Jan Jan 33 ' 7 - 46% Jan 28 3 54% Feb 4 Jan 13 35% Feb 3 13% Jan 14 17 20% Jan 17% Feb Feb 23 Aug 20% Jan 4 Jan 34 Nov 29% Jan 30 32 Jan Feb 148 27% Jan 5 24 136 Mar 23/4 Jun 7% Dec Jun 18% Jan 14% Jan 94 Dec 92% Jan 25 44 Jan 59% Oct 95% Jan 105% Dec 30% Jun 50'/# Dec 130 9 International Utilities Jan ; Interstate .; 3 6% Feb 561/4 Jan 14 7% Jan $6 11 Jacobs 23 24 3 70% Mar 3 Jewel Tea 3 107% Mar 1 3%% 9 49% 3 Dec 121 Feb 9 132 Jan 48 Jan 3 56 Feb 6 V^1 Jun Jun 86 Jan 81% Jan 13 86% Mar u30Va Dec 40'/# Mar 30% Jan 13 34% Jan Dec 33% Jan 108% Feb 109 2 27% Jan -13 Jan 31% Mar Johnson 20 3 3 4% & 2nd Inc ' _1Q0 Johnson common.—12% preferred series A_. 100 Joy Manufacturing Co— *167 169'% 39 14% 14% / 10% 10% 1% *1% '• 1% 13% 14 V# 28 Va *86 6% *6% 27% 10% *10% *10% 10% 600 18% 2.400 941% 1% 1% 14% 227 227 " 131 12% Jan 9% Feb 17 11% Jan lo 10 Kansas City Power & Lt'Co— . . , 94% Jan 102 Aug 98% Jan 25 100% Feb 105% Nov 104% Jan 9 x34% 52 Feb 49% Dec 46% Jan 62% Dec 59% Jan 26 14% July 10% Jun 26 31 4% 52% Feb . 27 Kansas 64 'Feb 16 » 4% preferred cum 100 : preferred 100 City Southern non-cum * 6% ■: 11 11V# 33% 34 *86 89 6% 89 36 12% 33% *28% *136 ; 6% 27'/4 27% 132 132% 18% Feb 20 13% Jan 9 Kansas Power & Light Co com—8.75 Kayser (Julius) & Co i5 Kelsey Hayes Wheel 23% Dec 20% Jan 13 21% Jan 9 19% Dec 16% Jan 30 18% Jan 9 footnotes see page 20. d Ex 25% . Class B stock dividend paid Mar. 1, conv 32,200 1.900 89 6% 100 6% 600 27% 29 7 36% 36% *104/2 106'/a 6 V# 6% 58 %. 56 41% 41.% 52 22,700 *66 51 51 36 *18 18 ; 18 Va. - *109 fs30% ^85 *10 7Va 18% 51 36 11% *18 400 12 Va 32,600 18% 1,000 22% 22% 22% 23 Va 23% 24 1.800 32%, 33 32 V2 33 31% 32 1.600 281/4 28 V# 28% 28% 28% 28 Va 28 3 7% 7 *16% 93% X67 - 68 107 107 68 Va *107 - *136 6% 6 V2 7 V# 17.1/4 136 )136 138 94% 46 122% rl24 124 55% 55 55 109% *109 I71/4. *16% *94 67% 68V2 > * 106V2 46% 109% 45% 46% 121 % 1231% 54 *109 109'% 45 V# 30% 31 85 85 % 86 86% 33 33 32% *109 86'% 32% 32'% 30% 123 • - < 86% 32 % > 9% 10 *99% 101 160 70% 1.800 107'% 150 47 Va A • 125 55 *109 109% 1 48% t-125 55 55 109% 21.500 1,200 „ 1,000 ' 30% 30% >31 % 36 86 Va 86% 330 32% * 31 86 86% 32% 46 20,200 17% 94% *106% 70 123% *54% *109 109% >31Va 30% 30% l'123% ' 154% 54% 6% *16% 93 % - 94'/4 107% 46% 46% 423 54% 20 70% 1 69% 69 Viz 107% 407 107% 2,800 # 138 6% 17% *94- ■ *136 6% 6% 94% i 138 *16% 17% 94% 31 10'/a '. 970 300 2.600 22V4 *93% 46% 46 122% "*55 51 *35 12% ' , 42 36 I8V4 . 56'A 42 8.200 58% 56. % 51 „ 11% ,k( 58 42 *35 12 V# 11% 6% 58 41% 17,600 300 56'A 57% *56 51 6% 440 36% 331/4 *16% » 67% 107% ) 6 132 106 28% 7% *107 , 12 % . 36 '/a *104% • 33% 17% 94% 6 *35 52 *136 *93% < 36 11% , *16% 6 58% 55% 42 131% 36% 104% 57% i 27 132 V2 36Va 68'% .1 *35 12% 138 .*99% *105 18% 3 26 Jun *86 *6% 27% -,27% 6 V# 411,4 52% *35 51% 16Va Jan xl3% 410 11% 33% 58% *55., *51% *62% 12% Jan Jun 17,600 11 131% • ■ 42% :100 17% Nov Jan 1,500 28 179 33% 104.1/2 36% 104 Va, 104'% " 59 49 -36% . 57% No par com preferred 229'%> 27% 178 32% 32% 32 V# 3,600 1,6C0 17,500 - » • -k- ' 10 10% 101% 10 % lO'/a 10% , 10% 100 % 101% *100'% 101% *100% 101% 107 *105 107 *105% 107 10 - 14% 17% For 3.80& * 106% Jan 12 Jan 99% Jan 7.700 229 28% 178% ' Kalamazoo Stove & Furniture 700 14% 11 Va *6% j 132 132 36% 104%. 32% ■ 1% 14'/# 34 *86 27% 50 1% ■ 228% 27% 178 K Jun 1% 14% 33% .> 8% < 14Va . 10% :• 6% 27% 3 200 18% 28% 89 . 6% 6.200 14 V# 94'/2 178% 11% 34 10 39% 14 Va 18% 28 V# , 171'% 39V4 14% 94% *1% 227 ; *167 39% 18% 478% 28% 178 178 171% 1 500 1,200 94% 13% 225 224 28% 300 48'/# 69% 18% 18% *941/2 14 Va 7% 47% *68 % 95%; 10% 18% 95% 600 39 V# 14% - *10% *7% 11.100 xl4'/a 39 Va 14V« 18% 89 *167 171% 38% 28 3 34 6 % common—_No par ,Jones & Laughlin Steel com—"No par 5%'preferred series A : 100 30 169'% *94% 59 l Johns Manville Corp com_—,No par 3%% preferred 100 7 54% Dec Feb Co preferred 7% *7 95% "55% , Jan Jan ! Co_ 5,500 11 36% Jaeger Machine Co__2 No par Jersey Cent Pwr & Lt ,4%" pfd—100 (F L) 31% 7% 18 Feb 17 31 Va 71/4 4 *22 1 311/4 69 18% : 31 Va * 47% 22% 33% preferred „"—i 311/4 68% *18 -50c 1,900 31% 47 % *22 common' 8% *7'/4 ^5 94% Feb . 102 109 Corp.— 8%' 10%. 131 Stores, Island Creek Coal 45% Feb 104 Dept 8% 47 r__No par i—_^_iNo par Intertype.Corp_ 20 141 5 Jan Jun 3 29% Feb - 1 11% Jun 9 • ' 81 29% Mar 34% Feb 8% 4 25 — 8% 34% *104 _25 common preferred ,55% 8% 27% International Telep & Teleg—:No par 1 18% 101 7% ' Apr Dec 39 % 55% 8% 63 178% *87 • No par : International Silver 38% 55% ' 100 iNo par International Shoe 17 9% Jan 11% 24 136% Aug 5% preferred. International Salt 9 .39% 10% 100 ;. 57 % Jan 3 55% Feb 20 1 : 59% Feb 49 V2 Jan Feb Jun Preferred 38% £■ 47 225 .310 *551/4 34% 1 com—No par 14 5% Feb Feb 28% *178 100 35 35, 55% 40 39% 19 Va *223% 101 *55% 68 ' 9,800 94 4 68 10% 3.900 37% *991/2 35% 46% 7 14% *1% 100 Corp__ Int'l Nickel of Canada $4 ^preferred—i iNo par Int'l Rys of .Cent Amer com—No par 71 24 7 International Paper Co com—7„50 61 34 16 4% preferred International Mining 14 35 >36 38 36% *921/4 101 66 3 >39 19 37% . " 46% 171% • '*10% Int'l Hydro-Electric Sys class A—25 Int' Minerals & Chemical com—5 24 20 .100 10 Jan Jun Feb _No par — 10 Jun July 4 Machines Shares 311/4 :<i 7 93% 46% 14 Va preferred foi the Week $ per share 37% *,37i/4 66 % *94% 12 Nov 7% Feb 31% *167 ,5 6% Jan 41 14 11 27 8% 66% ,-1 37% Feb 106% Jan 50 30% Aug Iron Business 8% *46 Int'l -Harvester, common.——No par 7% 55 3 —100 ; 1 Feb 43 '38% Interlake 40'% 55% 14% common ,*35 35'% 39% 38% Inc 35. Va" , 55% Rubber—No par 1 No par Intercontinental Sales Mar. S 37% *99'% *99V2> 101 101 39 % —20 preferred——i 93 *S9% 35% No par Int'l 134% Jan ; C.tfs Corp 4%% 101 *7 1 __■, Friday 2 36% 37% 93 - 37% 3634 94 31% A 6 7% Jan 29% Jan - Co Interchemical 16 Feb 88 : 3 Steel . *92V4 37 371/4 8% No par 3 Jan 36 ■; S Mai $ per share share 37 - par 100 Insuranshares 9 29% Jan 28 Mex, $ per 36% *91 39% 5 Inspiration Cons Copper 11 Feb De .ji *55 % 50 Co__ preferred Inland 10 181 12 9% Jan 6% 18 235 13 Dec Feb Electrica Thursday Mar. I 36% 94 *35 No.par ,_1 L RR Rayon : Ingersoll-Rand common-— 5 2% Jan 4 Dec Feb Dec Jan 29% 180% ■ 25% 133 preferred Terminal Indianapolis Power & Light—No 12 14% Feb • - 9 Jan 95% Jan - 25 12% Jan Jan 234 Jun 24 4.70% 19 Jan ■11 31 Jun Jan 15 16 Jan 1 xl45% Illinois Power Co common, Tllinois 2 40% Jan 27 86% Feb 170 3 -Jan 8 28 PRICES Wednesday , $ per share 36% *99% A——1000 series - $ per share 37 % *91 1Q0 Industrial 55 40% Feb ' 36% 37% A—100 ser Leased, lines 4^—i—— RR Feb. 28 ■: Co. common-10o conv Tuesday Feb. 27 4 per share 20 Central Monday Feb. 25 Pow^r Co Illinois 51% ' Saturt%T . '. 5 per share 1 31% 22% ALE ... • . STOCK EXCHANGE class A—1 1 101 *105 107 107 *991% '105 101 107 51% 51% 523'8 51% 52% 64 63% 63% 62 62 18% 18% 18 5 k 18% xl2% 12% 12% ' 18% * *105 51% *62% 51% 51% 51% '/2 51% 63 62% 62% *62% 631/2 300 18% 18% 18% 18% 8 400 13 *12% 12% 700 18% 18% 12% 12% 12% 5 1 5,600 *12% 13 *21% 171/4 22 *21% 22 21% 217'# 21% 21% 21% 21% *21% 22 900 17% *17 17% 17% 17i% 17% 17% 17% 17% *17% 17% 900 • *12% - Volume 171; THE Number" 4887 , COMMERCIAL, NEW Year 1949 - Lowest ^ j i* Jan 50 y„ Jan 3 55 Jan NOV 45 Ve Mar 1 47 Va 16% Nov 15% "Jan 3 19'/a Feb Jun 25 y* Dec 24 Jun 107 Va Dec 106 Jun Jun 48 % ,117a Feb 17 JA 90 56% Kennecott Saturday LOW AND HIGH SALE PRICES Wednesday Tuesday Feb. 27 t per share 15 $ per • Thursday $ per share $ per share. Sales for Friday Mar. 2 Mar. 1 Feb. 28 $ per share the Week Mar. 3 Shares S per share share 53% 54%;' 54 52% 53% 52% 53% 53 53% 527a 5374 46 46 46 46 45 7a 45%, 45%. 45% 45%- 457a 4574-. 4574. 2,300 .No par 18% 19 19 19 18% 19 19 19 19 1874 187/a 2,400 No par 28% 28%. 28% 28% 28 281 a 28% 28% 287a 287a 28% 3,100 .—100 115% 115 % 114% 1147a 114 114% M127a 114% 1147a 1147a 1 *16 ye 167a 167a *16 7a 114% 177. 300 7074 *70 7074 10 .No par Copper 5 — Keystone Steel & Wire Co 18 Monday Feb. 25 Kern County Land Co— 8 . Kimberly-Clarke Corp,com__. '28% Feb, 24 Jan, 13 STOCK Par 30 Feb. 40 39 YORK (959) RECORD STOCK EXCHANGE $ per share < > : Highest i-. - t per share $ per share NEW '""'.Range Since Jan. 1 , Highest f per share YORK ; STOCKS Range for Previous Lowest FINANCIAL, CHRONICLE x537a •>1874 2874 13,000 ' Jan 116% Feb ' 10'/a 62 15'/a Jan Mar 72% Dec 18 69% Jan J16%- Dec Jun 16% Feb 4% 23 8 71% Feb 4 6 * 14 2nd preferred conv Kinney (G RI Co common ._ $5 prior preferred- .No par 70 *70 70 s 16% 16 7a 167a *70 70% *70 70% *70 70% * 10% 16% 16% 167a, •111 " 25% 98 ' Jan 93 y2 Jan ' 9 96 43 Jun Dec 40 Va Jan 27 42% Jan 6 Koppers Co Inc common""4% preferred Kresge i S S) Co__ 55 ' Feb 20 62 Jan 5 Kress 59 y8 Jan 16 65 y8 Mar ' 2 6% Feb 15 3% Feb 11 31%. Jan 90 Va Aug x35% Feb 48% Feb 62.Va ' Dec 43 Jan 28% Jan 13 . 60% Dec 47/8 Jan 8 Oct 6 Jan 2 2 31 »/8 Mar Mar 7% Jan 4% Jan 3 12 ' (S H) 22% 9% Jun 11% Dec 10% Feb 16 43 Jan 47 46 Jan 25 iy% Jun 26Va Jan 22% Jan 19 26Ve Feb 16 Lane-Wells 37 Jan 45'% Dec 40% Jan 25 47% Feb 24 Lee 23% Jan 9 Oct 16% Jun 22% 90 y2 Jan 98 6% Jun 11% Jan 33% Jun 49% Dec 44% Jan 22% Feb. 6 Lambert 12% Jan 9 Lane Bryant common— Jan 25 .47% Jan 20 Jan 3 May 94 Jan 24 Feb 24 7% Jan 3 8% Jan 10 27 50% Jan 7 98 ' 3% Jun 1% Jun 15 5% Jan 3 Jun Jan 24 y2 4% Jan 3 Jan 4 17 4% Jun 8% Jan x41% Jun 56% Dec 54 8'/a Feb 11% 5% Mar 3 1% Jan Jan 2% Jan 21 3 10 Jan 30 24 .24% Jan 9 1 65% Jan 11 6% Jun 8% Mar .8% Mar Jun 37% July 7J/4 Jan 35% Feb 3 34% 8 (37 Vs Jan 18 72% Apr 91 '/a Oct 83 Jan 27 89 Va Jan -3 Feb 23 • 2 Feb 186 Sep 182 Jan 11 33 Jun 49 Dec 45 Jan 17 52 V£ Feb 2 x6% Jun 10% Jan 8% Jan 25 9% Feb 15 52 y2 Jun 19 • Dec rovo 186 Jun 33% Oct 281/4 Feb Jun 17% Dec 17% Jan 3 Jun 78 Jan 73 16% Feb 25% Dec 23% Jan 14 Va Jan 18% Aug 16% Jan 76 75 Jan 1574 19% 153 Jun 25% Jan 27%, Dec Jan 23% 32- Dec 30% Jan 41% Jan 34% Jan 23% Feb 100 169 " Mar Jan ;9 24% Mar 3 277s Feb 24 17 Jan Jun 6 3 25% Sep Jan 15 27 18 7a Jan 174 1 11 Jan 19 34% Feb 21 40 y2 Jan 24 2 7.%; Jan. 28' , 26 4774 97 74 8% 8% 46% 46% Libby McNeill & Libby 46% Co——:_a_—; Star 7% ,5 (4%ri 18 Lukens 20 87a 3,200 48 5% 5% 2 Va 27a 27a 18% 18% 6 5% 674 47% 48 Ve 1,000 48 1,500 5% 27a 27a 1.6,100 4,900 1874 197a 3,700 5% 5% 27a 19 800 674 *6 674 3,500 57% 577a 577a, *10% 107a 10% 10% 300 22% 22% 22% 22% 22% 4,800 61% 62 62% 627a 62% 6,900 17,000 22% 22% 22% 61% 62V4 61% 57 87* 7% 7% 7% 7% 7% 8 v4 7% 36 74 36 36 357a, 35% *3572 35% 35% 35% 800 86 85% 86 857a 8574 86 867a 867a 87 86% 87% 5,200 18674 185 *184 7a 186 *185 51% *47 6174 287a 18% *79 . 61% 6174 8% 18% *79 9 87/e 97'at 11,400 607a 61%. 1,500 * : 29 297a 5,600 ' 18%. 3,000 607a 28% 2974 287a 297a 28% 287a 18% 18% 1874 187a 183/4 19 1.8% 79% 79% 79 7e *79 7a 80 *79 7a 28% 28 28% 297a 17 Corp (Md) A No par 787a 10 • 277a _100 - *170 7a 29% 787a ' 17 78% r. 24 No par: 27% 27% 2474 2474. 27%. 277a *170%; 172 24 7* 24 24 *170% 172 277/a 172 . 28% 28% 28%,, 20,400 > 17% 177a 173/8,. 17,800 797a 79 74- 793/4t 3,400 I { 1,600 (" 2474. 2474 2474. 27 % 277b 27%. - 169 V» 170% 169 200 787a 27% ' 787a 80 1774: t 177a 78 Va. 1774. 24% 24% 24%,. . 277a 27% 3,800 16974 27% 170 16974 270 *34 34 34 34% 34% 34%. 1,700 39% 397'i 397/a 3974 397a 39V4 3974 39%, 39% 393/4 40% 5,200 24'74 . 347a *39% & So'ns-Inc com—l 247a *24% 24% 247a 2474 247a, 2474 2474. 247a 2474 2474 99 *98 99 98% ,98% 98% ♦987a 997a *98 7a 99% 19% 197a 19% 197a 19% 1974 19% *98 —100 : - 187a 347a 197a 18% 34% 34 34% 347a k *98 197a 19% 1,800 50 , 3,100 LOW AND HIGH SALE PRICES .1 NEW YORK; STOCK / EXCHANGE t ; .. Saturday Monday Feb. 35 s $ per share Par Tuesday, ' Feb. 27 ; f per share Feb. 38 t per share t per share t Mar. 2 Mar. I ;. the Week Mart 3 t per $ per share $ per share Sales'for Friday Thursday Wednesday ' Shares share M 97a 317a Jun Oct 1474 117b Feb 28 13 V* Jan 24 38% »Jan 3 41% Feb 2 Apr 42 Dec Jan 131 139 Oct 97a Jun 15% 277a Jun Jan 135% Mar 33% dan 10474, Dec 957a 87a July 107a 13 Jan 3 138 % Jan 14 v Jan 32 % Jan 11% Feb 16 ; 31 y4 Feb xl03 l Jan "5 9% Jan Jan 25 105 430 7 20 .12 Jan 15% Feb 28 19% Jan 107/a Jan 3 20 525 Feb Dec 11 17% Jan. Feb 11 preferred-—_— ——100 Trucks' inc ——5 Macy preferred series A Square Garden: Magma Copper Magnavox Co (The); Manoning Coal RR>Co 550 Jan 16 9 Jan 7 14 97s Jan 11 Manati: Sugar Mandel Bros 23 ' Manhattan Shirt 11 Maracaibo Jun 18% Dec 18 Jan 18 19% Feb 6 74 Feb 10% Apr 7 Feb 14 8% Jan 1774 Jun 25 Dec 25 Jan 3 6 7a Jan Dec 28% Mar _ 1 Marathon Corp 9 Marine Midland 18% Oct 18 V2 Jan 4 Jan 5 Market St 24% Dec 23% Jan 25 277a Feb 10 95% Jan 104 Dec 978 Feb 19 Marshall _Ja:'_10 i__l 50 —_1 No par __ Ry Corp. prior 102% Jan 3 104% Feb 24 77a Jun 12 Apr 9% Jan 13 13 74 Feb 27 Martin Feb 13% Jan ll'AFeb 6 137e Jan 11 397a Jun 59 Dec 56 Jan 13 63 % Feb 3 Martin-Parry Corp Corp Jun 19% Jan 14% Feb 21 16% Jan 9 Master 48 Dec 47J/a Jan 13 54 Feb 1 Mathieson Feb 179 Aug Feb 3 178 Jan 18 175 474% 7% preferred (Glenn Jun 49 Dec 46 % Jan 30 50 Feb 9 Jan 98% Dec 98 y4 Jan 18 100 Jan 12 89 Jan 98 Dec 97 V» Jan 4 100 Jan 30 $3.75 80 Feb 88 Dec 87 Jan 10 90 Feb 18 $3.40 Jun 1274 Dec 11% Jan 3 14% Feb 21 Dec 42 y4 Jan 13 50 3 112 30 May 45 110, Jan 113 Sep 1107s Mar 197a Mar 25 Jan 21% Feb 307a Mar 36% Dec 3378 Jan 21% Mar 40% Mar 90 Jan 100 Dec 101 Jan 16 3 3 26 5 Mar 3 *1534 u 177/a *520 r $6 23 74 Feb 27 McCora Feb 28 31% 31% 31% 104% *103 7a 104 105 *10 7a 10% 1774 535 *510 7% 7 3/4 8% 83/4 7% 7% 287a 237a 28 74 *18% 19 74 9% 9 74 18a4 18% 18% 18 3/4 18 34 18% *18% 27 74 27 Va 2774 26% 27% 26 7 105 3/2 *104 74 1057a *10474 *10474 ■' 12 78 12% 12% 13 7, 12% *1274 12 7a 59% 59% 59 7, 5974 12% *12 58% 105 8 *10474 187a 100 77a 7% 77a 7% 2,000 28% 28% 28% 28% 3,500 8,100 *18 7a 19 7% CM CO -rf 187a 19 974 183/4 18% *18% 19 590 203/4 277a 26% 27 8,500 SVa 9% *104 74 105 105 1047a 104 7% 10 23,900 1374 12 7a 12% 12 74 13 127a 12% 127a 12 7a 123/a 12% 12% 12 12 597'4 59 74 5974 59 59 *58% 15 74 15% 15% 15% 15% 15% 15% 15% 15% 1,600 53 52% 53 52% 53 52% 52% 52 74 52% 3,300 *17672 179 179 *176 7a 179 175% 175% 4874 49 *1767a 179 48 *88 7a 5 987a 147a No par _ *98 7a *98 7a . 47 7a 49 74 4974 49% 5,600 98% 98y2 987a 98% 90 99 *98 7a 99% *98% 99% *98 34 99 7a 88% *88 7a 90 887a 88 72 88% 887a 60 14% 13% 14 14 14 74 147a 14% 3,300 47 47 4:7% 47% 48 49 49 49 50 1,200 47 112 35% 35% *102 74 103 74 103 74 *11042 103 74 111 112 111 '110 Yi '22% 22% 22% 22% 23 22% 23 74 227a 22% 2274 427a 42 42 42 42 *41% 357a 36 3674 36 36 36% *42 • Mar 1 Jan 3 Publishing——.No par Mclntyie Porcupine Mines 5 3074 Jan 4174 Dec 38% Jan 13 42% Feb 10 McKesson & Robbins Inc com____18 *41 92 74 May 102% Dec 99 Va Jan 25 Dec 23% Jan 23 Electric Co 49 99 74 147a 35% McGraw 49% 99 74 88% *110JB 112 __3 17 49 9974 99 m'2 Jan 10374 10374 102 74 23 74 110% 112 103 103 23 213/4 23 3,200 42 40% 41% 290 36% 363B 367a 1,500 1023,4 103 47 47 46 74 467/4 467a 46% 46 7a 46% 3434 35 7, 357'a 35% *34% 35% 35 36 54 74 53% 53 74 *53 74 53% 53% 547a 54 417a X40 3/4 40 3% *40% 40% 407a 40% 403/4 40% ior% *1007a 267a Jan 9 177a Mar 13% Jan 3 Jan 9 177a Jan 14% Jan 3 707b May Jun 93% Nov 347, Oct 207a 27 Dec 28% Jan 177a Feb Jan 5 91 Jan 24 47„% 6 367a Feb 23 4% 25 Feb 10 277a Jan 9 Jun 13% Jan 11 Jan 3 Jun 49 Jan 42 12% Jun 1574 July 8% Jan ; 105 7a May 18 July 24 74 247a __10 Melville Shoe Corp 12 Jan 11 7 7% Jan 3 Merch 437a Feb 3 Merck & Co Inc common—; Jan 18 Dec 96%. Feb 2.7 13 98 Dec 120 Jan 17 1297a Feb 3 237a Jan x20% Jan 25 2574 Feb 1 40 Dec 307a Jun 37% Feb 18 977a Jan 1047a Dec 101% Feb 21 1057a Jan 20 105% Oct 11074 Feb 108 Feb 23 10974 Jan 9 8% Jun 14% Jan 13 Jan. 3 147a Feb 21 37% Jun 48 Oct 14 7» Jun 18% Dec 177a Jan 3 187a Jun 34 Dec 28 y4 Jan 13 38% Feb 131 Jan 23 5 40 74 Mar 43 3 Jan 9 20% Feb 28 327» Mai" 139 Feb 3 Co (The) Min Transp Co *34% 357a 54 *53 7a 547a 600 4074 40% *1017B 1013/4 1,100 100 preferred Merritt-Chapman & Scott Co— South Steel 101 108 Dec • 106 Mar 1 1 10 1087a Jan 5 107a Jun 14% Jan 12V8 Feb 1574 Jan 9 Jun 80 Feb 76 Feb 1 81 Jan 6 $5.50 1st 1674 Jun 22 74 19 Jan 4 227a Jan 10 $1.50 2nd For."footnotes Nov see page 20." 24 247/a *38 7a *103 * 42% *7% . 41 42% preferred, 11% *42 14 7a * 8 42% 4274 *96 97 4274 967a *95 Va 127% 127% 12674 12674 126% 24 7a 247* 2474 24 74 247a 24-74 25 38% 10472 *24 383fc *103 387a 1047/a k- 38% 1047a 1077a 39 38% 39% 39% 40% 397, 19% 20 20 317a 313/4 31% 138 13674 *12% 1234 127a 117a 11% 11% 11% 74% *136 400 7% 7% 200 42% 6,200 8 423/, 427a 98 *96 128 *127 2474 *23% 40 40 98 100 1287a 560 247a 900 4074 4,000 *104 7a 1057a *1047a 1057a 1097a *107 7a 1097a 1077a 1097a 143/g *13% 147, 14 39% 39% 39 39% 40 207a 19% 20 Ve 19% 20% 25,100 32 31% 32 32 3274 2,400 *137 % 14 50 20 2,000 4,800 30 *1377/2 139 127a 12% 127a 123/4 12% 13 1,900 117a 11% 117a 11% 1174 11 % 2,800 2,700 139 *137 139 '• 74 74 74 % 104 105 105 98 *97 98 1067a 10 147a 19% 12% 11% 138 1274 437a 14% 31% 137% 12% 11% 11% 437a 14% 39% 32 12% 12 437a *13 7a 207a 31% 393/4 70 10574 105 40 20 40 *96 600 *107 7a 105 1097a 19% *105 7a *7% 12874 31% 74 42% 987a 143/4 967a 39% 104 8 11% *42 12874 147a *9674 147a 9872 13% 5 7% 11% 43% 12872 1474 No par —No par preferredconv 43 8 147a *136 67% 2,800 14% 10 Jan 1,700 1474 Minn-Honeywell Regul common 3 3.20% conv pfd series A__ :_100 Minn Min & Mfg common No par $4 preferred * 1 —No par Min.neapolis-Molins C,o common—.1 1057a Mai" 15 600 257, .5 27 4 10 367a 257e TO ; 74% Feb Jan 92 *35 7a 257, 1087a Minn St Jan *89 3672 2574 1087a Minneap & St Louis .Ry 96 Va Feb 89 *35 7a 257a 1087a 17 61 89 3674 25 7a 1077a 21 99 *127 5 ll7/e Feb Dec 92 36 257a *7% 147a Jan Nov *89 3674 257a *7% 3 Nov 90 *36 257a 8 13 63% *89 36 V2 257a 14% ll'A Jan 101 89 *36 11% 1'0%. Jan 101 Feb 89 a 25 7a 43% Jan Jun 1,400 11% Jan Mar COO 17 74 *14% 100 common SS Maine. 147a 1774 *42 7a 12 P & 14 Va 17% 14% 12% •' 14 17 11%. Utilities Inc—No par Prod 14 43 7a pfd-100 __ Midland 247a 7a 1774 14% ... 3.90% preferred series Copper Mid-Continent-Petroleum Middle 24 14 *17 *42 4.35% Miami 24 *13 7a 177-4 *11%. No par No par 2nd Machine 24 14Va 177a 15 $4 Metropolitan Edison 24 147a 11% *423/4 Mesta 24 43V2 *9672 ( 14% 11% No par 102 17 7a 89 No par 50c 24 1007a 1,200 247a *14% - 1,200 47% 35% 14 *42 Va 50 < 102 24 47 47 74 *34% 17 357 $3.50 preferred conv 102 102 460 17 74 357a ___1 common convertible 1st preferred Mercantile Stores Co Inc & *100 7a 47 103 14 89 *25 1 102 —3% 12 Jan 15 5?,'o — __ 127a Jan Mengel * (1st series)—50 44 Dec *17 (1st series) .^.100 16 43% 14 No par common preferred 2nd preferred 13 77a Feb 3974 Jan 1397a Mar Corp *24 .1 _ Jan 130% 1247a July 10% Aug Mead 14 Va Jan 99 Jan Co McQuay Norris Mfg Co__ 323A Jan 347a 77a Mar McLellan-Stores 18 82 . 16 *100 7a .No par 70 1,400 * _ 1107a 23 23 74 23 23 140 *22% 22% *53% 1 McGraw-Hill 50 49% 14 7a 22% 50 179 90 *110J? _ 175 7a 987a No par common. * *88% 147a _No par preference Corp 176 49 997, 98% * xl4% 987a 90 • *46 No par 58 25 1,100 15 7 a 52% 36 Jun 59 '/a 15 74 523/4 48 Feb 700 15 74 14 July 974 9% 19 2774 52% 98 Va $4 preferred .40 1,100 500 1 * 18 1 900 1,100 12,600 9 28 72 9 200 ' 7% 844 28 % ..No par No par . 73/4 8% 28 74 9% 2,700 540 7% 83/4 73'a 974 *525 540 7% .*8 7a *18 7a 974 *525 540 7% 7% 9V4 17% 177a 267/a «. 15% 90 17.,000 10 3/4 1774 18 3/4 28 1.07a 17% 535 a., , 105 103/4 17% 774 27 Jan x317i 17% *1874 30VaJan 104 31 :!4 17 535 700 13 18 77a 53 y4 Feb 66 74 10% 19 74 43% Jan 27 87 1037a 7% Apr 437a 31% *1874 - Nov Jun 127a 15% - 4574 77a 10% 13872.1383/2 12% 12% 157a 734 — _ * 105 12% 15% *8 7a 60% Apr *510 540 98% Corp " • 157a 7% 34 90 17% 18 48 Preferred 127a 1534 *12(4 1037> Jan Mar 2,200 ' 137 157a 8% McCrory Stores Corp common——1 37a% convertible preferred —100 102 137a 4074 '4074 1357a 15% 7% Jun 27 *12% 13 40% *39 7a 40 *15 7a 87a Jan 7% 1234 12% 1387a Corp-.^No par TOO Chemical cum *10% 8 Feb 12 7a *■15% 167a No par 1st 31% *103 Va 107a 1 Co_a Maytag Co common $3 preferred McCall 91% 9 _ 11 12% *7% 4172 197a 127a 40 *137 12 Va 105 107a 107a 1 32 *1037a ' 12% *8 7a 24 xl3 1274 41 137 139 : 297a Dec 11% *4074 40% 31% - 105 pfd 1947 series—No par cumulative pfd No par 20 3 s- cum Jan 42 .100 . May Dept Stores common $3.75 preferred 247a Jan 36 7a Mar . _ 31% 107a 5 pl'd—100 Go_ preferred 38 7 7a — L) Electric 89 1 : Masonite 1174 170 12 137 12 Va 12 3a *103 7a Co com—No par & 137 31% 6.25 6% Field 1357a 40 *1357a 1274 —__5 — 107a 34% July 41 ' _ Apr » 100 Nq par *' Oil Exploration- 167» Mar 3 £ Co— _ 19 7a 8% Jan 12 12% 41 * iR H).Co Inc com_i_v.No.par 47,% Madison 17 9 12% common—10 6% Mack Feb ; 15 74 8% 9 5 " MacAnclrews ,& Forbes 7»/4 Feb Dec 530 4 Working Co_ 8% Feb . 974 Aug Mar 9 Jan 20 Jun 67a 17 in3/. J4.ri Jun Jun 5 18 M & M Wood *105 V8 1067a 73 ,*105 74 1057a 9774 97% 1067a 1067a 72 Va 105 973/4 106 737a 73% 723/4 7374 1057/2 10474 104% 104% 105 520 98% 983/4 98% 9974 100 1,400 106% *1067, 107 73 10674 10674 80 12% 127b 12% 127a 12% 1274 12% 1274 12V4 7,200 100 *79 79% X77% 79 77 77 767a 77% 76 3/4 76% 777a 77% 530 25 *19 19% *19% 19% 19% 19% 193/4 I934 193/4 193/4 *1974 2074 400 12% 123% 127a ' 8% 79% 177* 300 50% 50% 9 607a 6174 60 185 185 50 187a 29 2874 28% *48 50 *60% 6174.. 17 2874 185 874 8% 61 62 ;;t 497a 50 *49 7a 87a , 79 7a 28 % 28% 187a 797a 77a *185 18674 50 87a 9 7% 78 STOCKS V 98% 8 367'4 186 74 > Steel' Co__a—„__10 # Lowest 21 *97 874 10% 17% preferred series A *20 7a 987a *10% 79 (M) 21 8% 1,300 7% 87/a 1» — 21 *97 10% 177a a 47 3674 *49 Louisville Gas & Elec Co (Ky) No par Louisville & Nashville—. 50 20% Jan 62% 47 57 74 79 preferred >99% Jan 22% 62 46% 56% Co common. (F) Lowenstein 10% *185 _Nppar. a— Cement Long Bell Lumber Loriliard 10 7a 22% a 5 74 57 X10% 10 7a 567i 46% 18 74 674 6 7a 56% No par Loew's Inc_— Lone *6 57a 2574 257, 48% a 10 500 2574 47 74 18 500 47 *46 47 *85 7a Liggett & Myers Tobacco com 25' .7 Vc preferred —100: Lily Tulip Cup Corp R6 par Lima-Hamilton Corp 5No par 21 117b 2374 8% 53a 2% 17% 5614 5% 56 7% 5 Co 57, 27a 17% 117a *46 874 47 17% 2 Va 47 5% 57i 5% 8% 1,300 1,100 11% 21% 217a *97 98% 874 , 98% 46%. 21% o97 47a, 213* 6% 6% *36 ^.7 Life Savers Corp— 2174 » 9774 87* 62 7a 17 ; *26 11,600 *4% 21% 11% 47 *25 22 7 23 tper share *46 627a 18 '/8 Feb $. per share 47 22% Range for Previous S per share *46 No par .'97% Feb Range Since Jan. 1 Highest 47 a No par Oct Highest *46 461 Libbey Owens Ford Glass 21V*, Mar Year 1949 11% Lerner Stores Corp;.— ' Lowest 11% *1074 100' 80 11% 5 par; 6 Dec 5% 56 1 Oil 27 172'/a 31% May 20% Jun 95 , 22% Jan 25% Jan Oct No par (The) >3Va% .convertible preferred Lockheed Aircraft Corp.A • ; *10% 2 Liquid Carbonic Corp com—No -29% Feb 11 18 Lion 13 11 2 7 13 Dec 574 9 >79% Mar: 1 11 6% 474 217a 4 474 7* 74 6% 21% 18 31% Jan : 217a 1 >2iy2Jan Jan-13 21% par Belt 3 Jun 467a Link 24 13 y4 65 y2 4% 21% 21% 87* 66% Jan 11 i Jviar: 474 21% 21% Lehn & Fink Products 61% Mar. 4 21% 6% 6%, 47* 21% 98 10 22% Feb ' 67'a *4% 22 74 11% Jan Sep 6% Va *97 23 Dec 467a 6% 6% 6%- ' 4 21% *21% 10% Jan 26 % 6474 46% Corp 2,500 3,300 62% 46% 50c non-cum 2nd pfd 65% 58 63% 257a Lehman 6,700 5874 647a 41% 577a 62% 4674 11 42 587a 657a 41 Va 57% 63 267a 30 417a 5874 6474 42 56 74 627* - 4674 6% Jan 41% 58 41% 567a 4 *10%, par 41%, *9474, 42 47 Va- Lehigh Valley RR No Lehigh Valley Coal com $3 non-cum 1st preferred—No 280 95 267a 57% Jan 64 6% 4 21% ,3*85% cumulative preferred-—100 Lehigh Coal & Navigation Co—10. Lehigh Portland Cement 25 8,600 957a 56% & Sons Co common—3, Lees (James) 3074 x957a 41%: *46% 1 X3074 96 94% *26 Tire—— 317a 957a 427* 1 ; ( & 30% 9574 57% 5 Co Rubber 31 957*, r 95 26 4 Jan 62 ,—50 13 Feb ' preferred 30% 30% 30% 3074 62 41% *56 7a No par -No par — Jan 20y8 X60 4%% (The) Dec . x67 , Co 5% Jan 44% 1-70 •; — 29% 29% 95 10 .No par .No par. .. Gas Light Co__ ; 4 Consolid46% pfd—75 Pesos Mex, La Jun Jan ■r ;. —100 *94 Laclede 3y8 21'/a Feb 24 *29 J/2 & Co Kroger Co (The) 17% Dec \ .—10 200 16 , (960) THE COMMERCIAL NEW Ranfe for Previous S per Range Since Jan. 1 Highest share YORK Lowest $ per share S per share NEW Highest i YORK Jan 46% Jan 25 50% Feb 10% Oct 9% Jan 3 10% Feb 1 31/4 Jun Jan 4% Jan 3 Jan 12 27% Jan Aug 25% Mar 51/4 Jun 9 21% Jan 3 Aug 4 % Feb 10 Jan 35 6 x31% Feb 20 20 6% Mar 35 Corp Mission Development Co__. 77o Missouri 9 Dec ,11Va Jan 13 12% Feb 21 Mojud 26% Nov 24% Jan 13 26 Vs Jan 10 Monarch Machine 45% Jan 57% Dec 54 Va Jan 13 3 Monsanto 101% Jun 114% Dec 110% Jan 13 119% Feb 7 103% $3.25 Jun 113 Dec 112% Jan 4 115% Jan 28 Dec 12% Jan 9 13% Feb 3 10 Jan 14% 60% Feb $4 10 10% 10 Co Jun 59% Mar 54% Jan 3 3 Jan 10% 101/4 .10% 10% 10% 101/4 3,500 5% 5% 5% 5% 5% 5% 5% 5% 5% 7,100 25% 26% 9,400 6% 63,900 25% 25% 25% 251/4 4% 4% 5% 51% 5% 32 % 12% 12% Dec 13% Jan 13 15% Feb 6 Moore-McCormick Jan 18 Jan 11 20% Jan 18 Morrell .5 14 Jun 26% Dec 23% Jan 3 36"% Feb 11 Motorola Jun 27% Dec 26% Jan 3 30% Feb 27 Motor 15'A Jun 23'A Dec 21% Jan 3 23% Jan 18 11% Jun Jan 14% Feb 23 17% Jan 7 Mueller Jun 14% Jan 12% Jan 13 15% Mar 3 11 Jan 9% Feb 2 50% Dec 49% Jan 12 52 Feb 4 112'/a Mar 110% Jan 3 112 Jan 23 38% Feb 108% Oct 10 Jun 58 115 115 Co 5 July Dec 15 Jan 13 17% Feb 24 39 Oct 36% Jan 13 40% Feb 24 Jan 43 Jan 13 45% Feb 10 Dec 16% Jan 13 18% Jan 12 38 Jan 31 25% Feb 4 51 13% 56 No par 118% "115 57% 13% 56% 12% 12% 12% 1,300 25% 25% 25% 25% 900 58% 5,100 58 % 58 *115 118 115 115 115 131/8 12% 13 55% 56% 56% x55 % 14% 14% 14% 20 20 33% 35 33% 34% 30% 29% 29% 29 "22% 22% 20 35% 35% 35% 29% 29% 5 14% *19% 35% 29% 23 58% 58'% 117 117 20 20 32% "113% 117 14% Xl4% 500 "12% 14% 55% 15% 20 32 12% 55% 56 % 15% 6% 32 251/2 115 13% 13% 13 % 13% 6 "32 115 116 26 5% 5% 32% "114 118% *113% No par 100 400 12% 56% 12% 2,600 56% ' 57% 14,800 14% 14% 15 20 20 20 34% 34% 34% 34% 7,000 29% 29% 29% 30 30% 10,300 22% 22% 22 % 22% "19% 4,200 600 22% 1.400 22% 22% 221'4 22% 1 "14% 14% 14 % 15 15 15 15'/a 15% 151% 15% 15% 1.209 1 14% 14% 14% 15% 14% 14% 14% 14% 14% 151% 15% 15% 18.000 5 Co (G "25 58V2 58% 58% 12% 12% 25'% 115 20 5 No par Corp Brass Co 13% 12%' 25 »A > 25% 25% 5% *32 32% 32% 12% 3 Products 4%% 57% 32% - 25 Va *115 "113 Inc Murphy 25% 58 "9% 9% 9% 91/2 *91/2 9% *9% 9% 9% 9% 9% 9% - Mfg Corp Munsingwear Inc 12 15% 30 'A Mar 41 10% Jan 12% 118 Mullins Dec 32% *25 "115 Motor Wheel Corp 171/4 x9'A 25 No par Co 9 a No par Lines 23 25% 25% 4% 32 % Montgomery Ward & Co 13% Jun 16% 1,500 10% 5% com B Utilities & 49 5% 20 16% (John) 49 10% w_1.25 10% Feb 49 5% No par 47% 59 49 48% Shares t per share Sper share share 48 481/4 481/4 25% series Montana-Dakota 48% 100 pfd series A pfd conv 48 pfd_10o con Tool Chemical conv 49% the Week 10% Carpet Mills Hosiery Co Inc 12% Jan S per tper share t per share 49% Sales for * Mar. 8 5 A Pacific RR 5% Jun t per share Friday Mar. 2 Mar. 1 No par com Mohawk 21 y4 Feb. 28 Thursday Tuesday Feb. 27 10 preferred series 3 Jan Monday Feb. 25 Mission Mo-Kan-Texas RR HIGH SALE PRICES Wednesday Saturday Par 27 Jun 3% 25 RECORD ' f per share 54% Jun -Monday, March 6, 1950 CHRONICLE LOW AND STOCK • Jun 7% 15% STOCK EXCHANGE 38% 6 FINANCIAL STOCKS Year 1949 Lowest & C) 1 common preferred Murray Corp of America 4% preferred Myers (F E) & Bros 52 "111% 51% 511/4 51% 112 "51 100 111% 111% *111% *15 511% 52 52 112 112 112 400 52 51% 2,200 113% 120 17% *112 12.500 10 16% 167 » 16% 17 16% 17% 171/4 50 "38% 39% *38''a 39% "38% 39% 391/4 391/4 *38% 40 *39 40 200 No par 45 % 45% 45 % 45% *451/2 46 451/2 45% *45 45% *45 45% 300 X17'A com 16% 52 111% 51'/a 112 17 17% 17% N 10% Jun 17% 22 Jun 32% Dec 32 Jan 3 17% Jun 24% Dec 23 Jan 13 5 Jan 9% 9% Jun 7% Jan Apr 18 3 8% Jan Nash-Kelvinator Corp Nashville Chatt & St Louis National National Automotive Dec 16% Jan 13 18 Jan 4 National 10% Jun 13% Dec 12 Jan 13 15% Feb 24 National Jun 41 Aug 36 Feb 24 41% Jan 11 National 30% Jan •40% Dec 37% Jan 13 185% Sep 181% Feb 9 170% Mar 4% Jun 30% 7% Mar 6% Feb Nov 32% Feb 23 Aug 8% Jan 9% Jan 8 Jan 6 National Can 38% Jan , 11 National Cash 7% 9 Jun 9% Jun 12 27% Feb 39% Dec Jan 27 42 13% Feb. 17% Aug 15% Feb 25 18 17% Jun 22% Dec 22 Jan 13 24% Jan 7 7% Jun 14% Feb 9 Feb 20 xll% 11% Jan 13 Jun 19 % 17% Jan 13 86% May,. Apr 169% Jan Dec 183 Sep Dec 7% Jun. 8% Jan 28 3 ,12% Jan 17 11 Jan * 180% Jan X150 Jan 3 , 11 7% Jan 18 Jan Jan 26 Dec 23% Jan 13 Jun 95% Nov 88 Jan 13 H Jan % Feb 21% Feb 28% Dec 26% Jan Dec 19% May 15% Feb 14 X80 Deo 86 21% Jan 38% 9% Jun 9% Jun , 19 82% Feb 40% Mar Apr 11% Jan 5 12% Feb Nov 10% Jan 13 11% Jan Gas Co*— .* Highest 184% 184% 1851/4 185'A 184 % Lead Co 7l/a 34 Vz \ , 100 National Natl 4 40 Jan xll% Dec 94 Mar 102% Dec 42 Jun 67% Dec Feb 14% Dec 11% Feb 15 14 % Jan 72% Jan 66% Jan 13 68% Jan 62% Feb 3 27 15 12% Mar 102 Feb 67 Jan New New 23% Jun 35 Apr 26%. Jan 3 29% Jan Jun 33% Jan 27% Jan 4 30% Feb Jun Jan 11% Jan Jun 102% Dec 98 142 Dec 137 Jan 3 Jan Jun 10 Jun 14% Jan Jun 30 Dec 30 Feb 8 Feb 61 Dec 56 Jan 26 Dec 250 Mar 220 145 107/« 10%* 40% 15% 15% 22% 22% 23 22% 23 22% 22% 22% 23 22%« 23 9% 9'% 9% 3 18% 18% 18% 18% 18% 99% 991/2 100 Vi 100% ioo'a 37 36% 37% 371/4 37% N Inc 1 19 % *19 19 Va V2 * ft % 39 Va 9 N 34% Jan 6 New 18 Y $5 St System 4 35% Mar 3 18% Jan 3 58 Yb Mar 3 96 % Nov 95 Jan 9 100 Feb Harlem Preferred 9 Jan 15 1 No par Co 100 com preferred non-cum Y 17% Jan 27% *27 y2 28 *27% 19'A li "ft *24% 101 24% 101 28 27% 16% 16% 16% 16% 16% 81% 81'A 81 'A *81 'A 391% 39% 39% 39% 40% 39% *39 12% *11 Monday 7,400 24% 300 4,300 27% 100 16% * 5,800 82 190 40'A 2,400 12% 12% 12% 12% 12% 12% 12% 1,700 11 Ye 11% 11 VB 11 Vb ll'/s 11'A 3,200 PRICES Wednesday Thursday Mar. I \ Feb. 28 $ per share J per,share 600 11 % Tuesday - Feb. 27 191/4 102 81'A • 90 1,500 A " ft 24=% 101'A 60 ' 7% 155 7% 191/4 230 183 155 7% 16% RR 5% t per Sales for Friday Mar. 2 \ Mar. S t per share share the Week f per share *16Ve 16% 12 121/4 16% 16% *39 39% *39 39% 38% 105 ya *104% * 104 % 105% *104% 11% 11% 11% *102 64 y2 102 >:63% 64% 11% 12 102 106 *103 *100 64 64 12% 161/2 104% 39 IO51/2 *11% ♦16'A *103 16% 1041/2 11% *16% "103 38'/2 381/a 38'A *104% 1051/2 105 y2 12 12 104 *100 64 12 12 »/b 104 *63% 64% 12 *100 *64 12 12 Shares 16% 12 16% >103 1041/a 39 *38 •104% 12'A 12 V, 10 12'A 22,000 65 10 65'A 900 12% 13 12% 13 12% *12% 13 121/2 12% 12% 12% 1,800 67 y2 68% 67% 67% »67V« 68 *67 68 67% 67% 67% 67% 90 21 Vb 27 y8 27 271/4 26% 27 26% 27 27 27% 27 27'A 5,100 29 * 29 28% 28% 28% 28% 28 281/4 28 28 28% 28% 1,100 13% 90,700 13% 12% 107% 107 y» 12% 13 y8 12% 12% 13y8 12% 13'A 12% 13% 13 Va 107 y2 107 y2 1061/4 107 106 % IO71/2 107 108 108 108 142 142 142 142 142 139 ya 139 ya 140 140 139 139 *14% 15 15 *27 31% *140 15 V* *27 VB 15'A 31 VB *27 16 'A 31 »/a 15% *27 16 *15% 15% 15% 31 'A *27 31% *26% 1,400 600 15% 31'/, *57 62 *57 62 *57 62 *57 62 *57 62 *56 *210 230 *210 230 *210 220 *200 220 *200 220 200 1,700 62 50 RR 700 105 104 TOO 65 400 39 105% 104 3.000 16% 104% No par 220 Co Hart series 12% 12% 104'/2 1 100 No par Y New Haven & 53 % 24% 101'A *103 lo common N Apr 7% 191/4 ■ft 104'A l No par Dock N Deo 155 24% *103 No par com York 10 19 % 16 y2 No par 27 53% 12% 1 City Omnibus Corp Jan Feb, *153 7% T82ye 81% liy*; 100 lOYa Feb Sep 13,700 16% 12% 100 Louis 3 48 10,400 38% 81% 39% f per share .19% 100% 38% 16% 12% - 18% 100'A 82 11'/a . 19 Vb 39% 183 XlOO% 2,400 100 ya *1821/8 % 25 1,600 15,000 9'A 18% 18 •% 1 6,800 38% 19 19 LOW AND HIGH SALE Central & 21 3 7% 1,100 ' 9'/4 9ya 155 ♦153 !: -lOO'A . *271/4 39% Feb. 2,» 39 182% - 19: 100% 103 Vs ft *24% • 12% Saturday Brake Feb 15% 38 102% % liy4 preferred series A & 7% 19 y8 24% 103 12% 100 Elec Air Ch-ic 6% 155 ' *19 27% 16% 1 1821/4 *71/4 191/4 . 39 ye : 7% 7% 7% *8114 common. 30% Jan Jan 18% 9 -< 1 York Y 10 63% Jan • 11'A preferred.' York 9 9 9 99'/a -,81% Jersey Pr & Lt Co 4% pfd—100 New 4 Jan 232 9 • 18% 36% No par Bros England New -40% • *981/2 " 3,700 10% 40%; 15% 9% Par 7% Jan 9% Jan 6,100 40% 1 preferred 1 Newport News Ship & Dry Dock 18 % Feb 13 % Jan 20% 13% Mar 110% Feb 30 7% 15% 10 4%% 4 9% 7% 10% 16% Mewmont Mining Corp Newport Industries common 20 24% 7% 40% 81% Co Corp 3%% 2 27 5 7% 10% STOCK preferred— Newberry Co (J J) 9 Feb 7% 10% *10% No par Fibre f 5 Apr 10% Jan 102 7% 15% 10 com Co t per share 16 17 100 % Jan 4,500 40% EXCHANGE 105% Feb 37% Jan Oct 9% 10% 27% 16% ! i Co Tea NEW YORK 9 Nov 7,300 9% • 15% 100 (T^e) Pa Vulcanized Natomas Jan 39% 102% 7% 36'A 9% 40ye *2714 4%% Jan 7'A 35% 9V4 15% "27 ya 10 - 7% 35% 9% 34%" 15% No par 104% Feb 103 IV* 34% 9% 40% 102'% 1 Dec 7y, 34% 9% 7% ' 11 *24'/2 Feb 104% 7% 34% 34% 15% 24% preferred 100 40% 102 y2 4%% 184% 10% 1021/2 Co 184% 15% *24% Ref 5,000 40'% ; 25 Sugar 7% 100 38% 22% 1 A *183 4,200 x38'A 16 1 12.50 No par 10 ' 36% . 40% . 15'A : Prod..,—No par common 8 40% 10% 40% 5 No par Nehi Mar 185 71/4 ... *153 Highest $ per share 185 154 Neisner 33% 185% *183 154 10 Jun 39% 155 28 21 38% *7'A 17% Feb Jun 39% 154V2 12% Feb 5% 38% ..100 4 48 39% par HSsfigR-T preferred B__ 13 205 391/8 182 Range Since Jan. 1 ,.tiL«west $ per share 13% 39% 182 14% Jan 56 39 V* 182 10% Jan 117% 39% 182 Dec 9% 39% 182 13% Mar 65 *36 1 Prodhcts^y^No preferred 14% 8 % 36 : Enameling Jan 93% 36 7% Jun Jan 36% 7% 9% 29 ♦35 ya 7% 12% xl01% 36% STOCKS Year 1949 , *35'/2 7% Range for Previous tper share 36% 7% National Supply 6 Lowest *35% National 28 13% 36'/a National Shares Corp National Steel Corp 2 12% *35Va • 1 2 13 3,700 14% 9% 6% 17% Jan 11 79% Jan 36% Jan 17% 14% National Linen Service Corp * l Natl Malleable & Steel Cast__No par Natl Power & Lt ex-dist.—No par 2 Dec 171/4 15'A 7% 7% 3 Jan - 17% 15 9% 11 Feb 17 »/8 151/4 34% $4.50 preferred—J. 4 28 17% 15 7% National 103% Feb 24 18 15% 17'/4 15% ,..100 &, Stamping National Gypsum Co com 3 Jan 13,100 17% 151/4 9% Distillers 24% Feb 8'/a 17% 15 »/4 341/4 Feb 25 U 25 8% 17% 15'% 7% National 6 19% 81/8 17% 15 V* 34% 9% Department 5 73% - 7% <17Va 9% Cylinder 2 680 1,500 15 Va 1 28 9,700 37 24% *17% 10 Dairy 7% Jan 81/8 8 _No par National 20 % Jan 81/8 17%" 37 24% ' 1 Corp National 183% Jan 155 S'/b 35% *24 8% 10 : National 4 Jun preferred 2 39 Vb Mar 24% 8 Inc common 5 25 x% Co Feb 100% Feb 24'A 36% *23% Register Nat'l 17% 37 *36 24'A- t 4 Jan „ 19% Mar 10 35 Dec 5% Mar 14 ;3 • 94% Jan .. Dec 19% Jan 38 Dec 152% . 135 10% Jan Dec 95% 38% • 25% 7% Jan - 17% 37 24 17% 36'% 23% National City Lines Inc National Container Co Feb 15 10 5 Jan Biscuit Jan 17% 36% 24% 17% 36% 5 Fibres Corp Battery Co National - 1 Aviation 186 4 Jun - 39% Jan 17 14 36% 8% Jun 5% 24 Airlines 17% 17% 17% 17% 36 24% 17V2 36 1 14 28 . 5 100 Co_. Acme Co.100 9% 9% 9% ioy« 9% 9% 9% 9% 9% .100 33% 34% 34% 351/4 341/2 35 Vb 34% 34% 34% A N Y Shipbldg Corp partic stock Y State Elec & Gas Corp— 9% 9% 35 9,100 9,600 2,200 1 18 18 18 181/b 18 18 18 18 17% 18 171/4 17% 25 57 57% 56% 571/4 57 57'A 57% 57% 57% 58 57% 58 y8 *99% 991/4 N % 86 Jan Common $3.75 preferred 100 Niagara Mhk Pwr Corp com.No par *99'/a 100 991/2 99'/4 991/4 98% 98% 50 23% 24 23% 23% 23% 24 23% 23% 43,380 ,28 28 ya 28% 28 28 Vs 28 28 Vb 28% 28 12.500 881/2 *88% 24 Feb 24 29 Jan 31 Class A 86% 12 89% Feb 28 3.40% preferred 93% Jan 12 95% Feb 28 3.60% 100 98% Jan *94% 95% 19 102% Mar 3.90% 100 2.50 *ioiy4 102'A 101% 101 »/2 101% 102 32% 32 % 32% 32% 33 1 *9% 9% 9% 9% 9% May 27% Dec 25% Jan 3 34% Feb 14 6% Jun 14 Jan 9% Jan 4 10% Jan 12 21'A Jun 30 Dec 28 Jan 13 Sep 59'A Jan 48% Jan 3 52% Mar Mar 28% Jan 26% Jan 6 28 47% 26 29% Mar Feb ... Noma Electric Corp 2 Nopco 3 Norfolk Chemical Co 4 Jan 20% July 18% Jan 16 21% Feb 24 North American 81/b Jun 11% 10% Jan 13 13 % Feb 27 North American 85 Feb 78% Jan 5 Feb 11 Northern Central Jan 39% Dec Ry 35% Jan 13 39% Feb 23 Northern Natural Gas Co.. Jun 19% Dec 17 Jan 3 21% Feb 17 Northern Pacific Ry 8% Feb 7 Jun 95 Co 29% *29 % 51 Ve 51% 27% 28 28 21% 21 y2 21% 12% 12% 12% 8i 84 50 *29y» 29% *29% 29% 29% 511/2 51% 51% 28 27% 271/2 *27 27% 300 211/4 21% 21 'A 21% x21% 21 '4 24,800 12% 13% 12% 13 13 53.800 51 »A 51% 28% *27'/a 21% 21% 21'A 131/B 12% 131/B 51 84 84 51% 12% 30 600 52% 5,800 38% 39 38 38% 38% 38% 4,800 20% 20 y4 21 20% 20% 18,400 12'/a 38,800 *84 85 *84 85 60 States Pwr Co (Minn)— No par *94 94% No par *108 108% 11 % Jan 13 Jan 5 10 12 12% 25 19% 3 21% Feb 18 23% Jan 4 -31% Jan 10 2% Feb 16 3% Jan 13 tNorwalk 4 16% Jan 17 Norwich Jan 291/4 2,600 201/4 $4.80 preferred Northwest Airlines 14 160 9% 39% 9 Oct 9% 21 108% Feb i4y4 9% 39'A 18 Dec 9% 20% $3.60 preferred Jan 9% 2,000 21% Common 4% *00 32 39% 21 36% 32 84% 95 y« Jan Dec 32 9% 84 600 95% 102'A 21 y8 i?y8 Feb 28 1% May 31'A 95% 102'A 39 2 30% 33'A 89'A 95% 102'A *84 3 Mar 881/2 *95 *101% 9% *27!/2 84 95% 39% 10% Jan 19 33 891/a 101% 21% 93% Feb Oct *95 21% 107 % Jan 20% *88% 101% *39% Dec Jun 95% lo Dec 13 291/4 89% 100 11 Vs Oct 95% 29% 51 % 27% 95% 12 89% 95 51% 109% Mar 13% 11% Mar *29 27% 891/2 *88% 1 11 Va 84 Apr IO71/4 Sep *32 89 10 Co 31 Northern 89 25 Aviation 75% July 84 28 y4 25 & Western Ry com Adjustment preferred 27 15% Jan 100 preferred preferred Noblitt-Sparks Industries 3 16 Vi 23% 28 Va 4.90C 991/2 24 23 23 23% *99 99% 23% 21% Jan 26% Jan _No par No par , Inc common 4.6% preferred Northwestern Telegraph Tire & ' — 10 35% 35 12 11% ii% 12 94% 94% 94% 108 108 108'/« 11% 121/4, 20 19% "30% 30% 30% 2% *2'A 2.50 *14% 15% Co 15 94% 12y4 *2'A • 11% 31% 2% -15 12 y. 108 '19% 31 *2% 14% •_ 20'A 50 No par Rubber Pharmacal 11% 11% y4 72 '108 12 12 12 Vs 12 941/2 *94'A 94% 941/4 94% 108% 1081/2 108% 108% 108% 1,900 11% 11% 21,200 19% 8,600 32 1,160 270 11 »/a 12 2oy4 19% 20 191/4 19% 31% *31 ya 32 *31% 2% 2% 31% *2% 31% 2% 2% *2% 2% 100 15'/, 14% 15% 15% 15% 15'A 15% 1,200 11% 12 19 0 27Va Jan 33 May 31% Jan 13 35'A Feb 991/4 Jan 110 Dec 108% Jan 23 112% Mar 3 33% Jan 26% Feb 14 28% Jan 8 19% 19% Feb 14 20 Jan 9 23% May 17% Jan Dec 20 Jun 31% Jan 23% Mar .Sty Nov 99 Jan 92 Feb 10% Dec ]oy4 Jan 3 Jan 3 6% 79% July 18% Aug 28 Jun 105 Nor 11% Jun 64 % July 49% Jan- For 96% Dec 22% Jan 40y4 95 1 Jan 31 20»A Jan 20 Dec 37% Feb 17 Dec 10» 107 y, Feb 14 27% Jan 100 Feb )*■"« lo 21 10 99 W Feb 23 22 Feb 27 41 Jan 7 108% Feb 2 16'/2 Dec 14% Jan 16 16 —Jan 9 79 Jan 74% Jan 4 82 Jan 14 64% footnotes Dec I see page 63y*Jan 20 13 Ohio Edison 28 G1V*Fe\» 16 4.40% Ohio - Co common Oliver 4'A% Corp 34% 34% % 34% 110% 110 % 111 Va 110% 112 112% 112% 26% 27'A 27 27'A 26% 27'A 26% 27'A 26% 27 26% 27 20 "19'A 19% I91/4 19% *19% 19% 19% 19% 19% 19% 19% 19% No par *24 Vi 24% *97 ; Co,.—.^ Oklahoma Gas & Elec 4% pfd: $4 i v 35 35 35'A 111 X34% *111 34% 112 34% *111 34% 34 24'A 24% 24 Ym 24'A 23% 24 23% 24 24 24'A 100 98 98iA 98'A 97'/a 97% 97% 98 VA 971/4 98% 97 V* 97% 5 11% 12'A 12 12'A 12% 13 131/8 13% 12% 131/4 12% 13 preferred A..100 Collins... 10 98% 98% 98% 98% 981/2 98% 98% 98% 98'A 98% 98'A 98'A Elevator common preferred Outboard .Marine Outlet *110'/a common (The) 8convertible Otis • preferred common convertible Omnibus Corp Oppenheim --34% 8 100 No par preferred Oil No par 62.50 & Mfg Co Owens-Illinois Glass 2.50 _No par Co 12.50 *21 38'A *107 15% *75 64% 22 38% 108 ■ 22 38 V, *107 22 387/a 108 15% *15 Va 151/2 80 *75 80 65 64% 65 22 38'A *107 15% *75 64% 22 38% 108 *21 38'A *107% 23 38% 108 *21 *21 38% 39 IO71/2 *107 15% *151/8 15% 78 *75 78 *75 66 66 66 64% 23 38% 107% 15% 15'A -78 66% ' 22 39% 100 13,600 1,400 3.300 270 17,000 970 700 5,800 108 *14% 15 *75 78 65'A 17,100 - 66 10 300 _ „ 3,000 Volume 171 Number 4887 - THE COMMERCIAL NEW Range for Previous „ .. Tear1949 .. Lowest .. • per share 11% Mar .. 7% Aug 18. 71 30% Jan 31 ;21% NOV Jan 50 7 Y» Jan 34 Sep, Jun 54 34% July 89 Feb 104 Ye Deo 135 Jan 148 Dec v ,i 2% Jun ■ 29% Jun ■v 8 Jun 36 Dec 95% Jun Jun 8% 20% . 3 2% ■29 •- 53/4 Aug 104 9% Jan Jan 2%) Jan 9% Jan. 20 7 3 31> Jan 4 17% Feb 36% Feb 1 54% Jan 13 Dec : 10% Feb 8% Jan 61 3' * ■ 17%. Feb 25 %. Jan 126% Dec. jun 35 Jun 111 ' Dec Jun 13% Nov Jan 107 7 22% Dec 17% Jan 3 Mar 31 t Mar . *21% Jan • 28 • • Feb 34% Jan 7 a 107% Jan 6 v -■ 16% Jan 13 24 % Feb 17 17% Jan 9 ' 32 ' Jun » 41% Feb 20 45% Nov 113% Nor 104 Mar 29 Jan 96% Feb 137 Dec 7% May 13 Dec 110 37% Dec 12 Dec* 102 Jan 108 9 3% 8% Jan Feb 20 13% Nov 11% Jan 37% Dec 36 40% Jun 57% 36 74 Jun Jan Dec 51% Jan 63 % Jan 58 Oct 56 90% Mar 106 Dec 105 Jan Nov 24 ? Jan > , Jan 43% Jan 64 25 - 2 31 Mar Feb 10 108 Feb Jan 24% 25% Feb 23 % Jun 3 24% Jan 26% May 26% Feb Apr 117 Sep Jan 104% Dec 103% Jan 20 Apr 110% Sep 107% Jan 4 8 per share 2V* 27%" .♦ 37%. "• 30 8% 30 8% * 874 10% *6% 2 7a- *10 30 ' ,6j,4 674 *16% 16% *1674 ♦36% 36% 60 % 60% • i':*9 ,*» 25%, 26' 6074 •9- 2574 > 33 ♦31% -♦3174 *107%! 109 *10774 -• 23% 17% 433i 974 26 2574 2374 2374 23 74' 177 a 1774 177a 17% 1774 17 % 17% 4474 *44% 3574 »iiy4 12% *1174 11% -1174 35% 44% *112 35% 138 35 < 1274 2474 26 26 2574 2574 2574 gl Co common—No par 11574 300 10474 10474 200 110% conv 115 . NEW YORK * 115 y Saturday Jan 105% Mar 97 Feb 16 74 Mar Phlla Sc Reading Coal 3c Iron Philco Corp common 12 4% $4 1474 Hi 1474 37% 3874 3774 37% 373»ya 90 90 90 5474 54% 5374 5474 5474 10574 105 va *104% 105 y4 *10474 *104% C Consolidation Coal Co 7134 Jan 61 Jan 4 25% 23 % Jan 9 3 Jan 3 26% Feb 21 10% Jan 5 12 50% Apr 38% Feb 44% Sep 13 38% Jan 16 42% Feb 27 12% Jan 3 14% Feb 9 Poor 15 Jan 4 16% Feb 7 i Potomac 7% Jan 3 8% Feb 15 6 31% Jan 30 4%% Procter 79% Jan 16 89% Feb 31 60 Feb 3 X1574 Feb 24 17% Jan 6 4 85% Feb 17 53 13 31 Feb Feb class Electric conv Ac "When $4.75 100 24- 118% Jan 24 86% Jan 26 88% Feb 6 1 26% Feb 8* 2 30% Feb 2 3 Serv Co Co 14% 1474 1474 1574 15 Va 16% 90 90% 90% *88'/a 90 % *8874 90% 80 28 74 2874 26% 2874 26 3/4 27 74 2774 27% 2774 2774 4,700 xl6 16 1574 1574 1574 1574 15% 1574 1574 1574 1,800 7% 10% par .. 37% 37 8 774 $1.40 div 11 10% *165 774 11% *140 3774 36% 774 774 1174 155 *75% 77 64 64 *63% 64 2474 2474 146 40% 40 4074 2574 •2574 *1174 24% *14274 *39% 12 25 24% 146 2574 11% *140 75% 64 *23% *142% 25 148 *147 150 166% *165 166 37, 774 1174 155 7% 774 150 164 37% II 3674 ■ 20 20 36% 8,200 "'774 "7% 3,900 4,600 11% 1074 11% *140 155 *110 77% 78 78 78 78 64 64 64% 63 6474 24 % 24 24% 2474 25 *14274 146 146 2574 12 *11% 12 40 40 X39% 39 % *1174 150 164 7£ 3674 5,700 ♦14274 25 *1174 3974 146 155 25% .25% 12 *1174 200 800 1,000 2574 4,700 100 12 3374 39% 3974 4274 4174 4174 1,300 41% 4174 4274 4274 42 vs 41% 42 13% 13% 14 1474 1374 1374 1374 1374 13% 13% 1,500 16% 1674 1674 1674 1374 16 74 1374 16% 1674 16% x1674 1674 1674 1674 774 774 774 7% 774 774 774 774 4,700 4,100 30% 1 com 7% i 774 8 ; 8 *42 *29 30 72 *29j/4 3074 *2974 30% *2974 8874 88% 30 8874 88 88y4 8774 8874 8774 5974 5974 59 y8 59 59 59 15% 15% 15% 15% 84% 84% 85 15% 15% 1574 1574 1574 1574 84% 8474 8474 84 84 Colorado—20 52%. 52% 5274 5274 52% 5274 52% 53 5274 5274 28% 29% 29 29 74 2974 2974 29% 2974 2974 120 120 12074 121 29% 120% 88 *8774 88 i Indiana—No par — 100 — *119%' 120% preference 106 % Feb 23 Apr 33 % Jan 3 36 % Jan 12 * Pullman Inc Oct 26% Feb 27 30 y4 Jan 9 * Pure (The) common—No par July 107% Jan 3 109% Jan 10 preferred 100 —100 Purity Bakeries Corp No par 25% Jun 30% Dec 30 Jan 3 34% Jan 30 15% Jun 20% Jan 18% Jan 4 21% Jan 30 Quaker State OH Refining Corp—10 9% Jun 14% Jan 12% Jan 3 15% Feb Radio Corp of America com—No par 66% Jun 74% Jan 73% Jan 13 Feb 7 x7 Jun 9% Ap r ey4 Jan 3 9% Feb 3 92% Jan 3 103% Jan 10 29% Jan 27 *120 5174 800 1574 2,700 70 ■: 52 5,900 29% "29 *120 100 4,600 85% 8,500 340 12074 87% *87% 87% 87'A *87% 24% 24% 2474 24% 24% X24% 2474 24% 2474 24% 2474 29% 29% 2974 2974 2974 X2874 2974 2874 2874 2874 29 105% 10674 106% 88 *8774 88 10 22,200 7,200 t 105% *10574 10674 10674 106 % 10674 10674 10674 106% 9,200 34%, - No par preferred 120% 12074 15'/a *85 29% . com—No par 33% *84 24%. *37% 100 com—No par 1,000 88 59 8874 5974 8774 60 *59 60 *83%. 5 com •' 30 30% 88% *30 • *59'% 37 «' •> 11% Jun conv 155 148 165 77 *7574 25% Feb 5% *140 774 11% 11% 24% Oil 155 150 165 37 25% 30% 4.08% * *147 « 37 _No par Inc 4.64% preferred 3%% preferred , 100 1474 90 par No par of Pub Serv El As Gas *93 100 14% 37 % r. of 300 41% preferred Service 105 1474 10 preferred series A—50 Public 400 105 10 Gamble Public 6 10 34 —1 Co issued" cum 100 *93 15,900 *874 *3374 10 ,_Nopar B Power Publlcker Industries 29% Feb 28 122 Co *93 100 61% 9074 5 Pressed Steel Car Co Inc 3 56% Jan A 105 74 *93 16% 95 60 74 *90 1 Pond Creek Pocahontas *15 *91 105 74 100 5 Co 17 95 6074 1474 *14274 9 100 90 74 146 43% Jan 10574 34»/« *93 *142% 14 5974 *104 74 14% Ash pfd—100 ; *91 10574 92 25 : 40 11,700 *874 100 64 A *15 74 105 *24% Pittston Co (The) 6,600, 55% *33% 105 *63 Plough Inc Plymouth OH 9.900 547a 10 105 77 3 92 55 7a ' 34 105 ♦75 Feb Shares 1474 38 *9074 * 92 *874 105 *140 Pittsburgh Young * 14 37% 14% *33% *104 -100 B uu 104 preferred class A__: —100 5%% 1st ser conv prior pfd—100 Pittsburgh Ac West Virginia—1-100 27% Jan 10 Feb 10 3474 16774 Jun Apr *8 7b 3474 150 Nov 12% Nov 10 3474 o974 *93 100 class 60 34 74 *165 preferred 59% *874 *147 55 29 9%. 34% 168 Ito 147 17 150 preferred 14 37%v 38% *90 95 *165 gtd Sales for the Week 1 per share *14% ~ 5% Jun *15 *91 *147 7% 8 Feb 1674 95 Pitts Ft Wayne A Chic Ry com—100 Pittsburgh Plate Glass Co__ Pittsburgh Screw Ac Bolt—No Pittsburgh Steel Co com No 12 Dec *15 *91 6074 16 y« 10 8% 17 95 5374 16 Feb xl9% *15 *91 % 1 Feb 10 16% 59 28% 80 Feb 106 23% 150 64% Mar *104% 1 Pittsburgh Forgings Co 9 144 106 5374 104 100 RR 5374 *3974 95 59% —No par Coke Ac Chem Co com—No par convertible preferred .No par 54 90 1474 *91 9% $5 *89% 1374 ♦15 - *33% Pitts 90 53 % * 5 Pitts 9 shore • 25 common 3 8% Jan *89 % • 100 17 23 11% Jan 1474 37% 23 Jan ner 14% No par £t Louis Friday Mar. H Mar. :i I 37 % —No par com preferred Ac 600 Thursday Mar. 1 tper share 14 % —100 preferred C 2674 ■ preferred 5% Wednesday Feb. 28 $ per share 1 100 Phillips Petroleum Tuesday S per share 3 preferred Berles A— Phillips Jones Corp 2 37% Jan 3 Feb. 27 I per share Philip Morris Ac Co Ltd common—5 3 16% Jan 20 * Monday Feb. 25 Par 3%% 115 "*25% LOW AND HIGH SALE PRICES STOCK EXCHANGE 3 104% Feb 110 115% 8 105% Dec 26 *10974 Feb 28% Mar 26 .710 14,800 110% ,Jan Dec 25% 25 104 7b 71 29% X2574 2474 115% 150 Jun 24% 115% May 25% 2474 1047b 167 x24.% Mar 24% *10874 4 Dec x24% 7,100 115% 13 25% *106 iioy4 Jan Jan 108 I." 104ya 30% Jan 20% 2474 2574 *106 8,500 a 115 19 26% Jan 10 10674 2474 Electric *107 " *109% Jan 46% Jan 106% ' 2474 " Jan 47% Dec 106 V* 24% 88 Jan *105% 106 y41 24% Phlla 175 38 •105V2 .200 •104% 154 Jan 10574 100 79,500 11074 1 80 105 7'a 11% 35% " 106% Apr Feb 33 y4, 10674 Nov 90% Mar Ml 74 108 64% 22 11% 35 74 108 13 Dec 1174 *34% *106 15% Jan Jun 11% 35% 10674 Pitts 79% 11% *34% x10674 No par 12 .14% 1174 3574 107% preferred 29% Jan 86% Dec 1174 10574 300 1,700 • ■1274 59% 28 Jan 1274 477a 26% Feb 17 30 .1174 62 7 Jan Oct *1074 ■ 58% 32 Jan 1174 m % 138 138 47 % 24% Jun Oct •10% 36 *35% 3574 138% 62 74 91% Feb 13% 1274 3574 138 59 3 15% Nov ' 138 *3474 1174 1,500 ', 30 48 13 Apr 138% / 6274 13% Jan Jun 35% 138 • ' • 58% 86% Jan 8% •35 44%; 11474 47% Dec 12% 44% *11274 62% 14% Mar 22 44% 11474 3574 10 ' 59 83 135% Jan 44% *11274 113 500 II,900 38,600 4774 100% Dec •1174 45 113 113% 4,800 ■ 64 Jun 9% Jan 13774 26% 31 10774 10774 v 23% 2374 17% 1774- 58% Dec Jan V 35% 35 *104 105% 45 112 2574 31 ' 47% Jan 4 26' ;32% 10975?- 2574 3174 63 11 7Va Jan *10774 59 94 Jan '- 63 *79 8% '2574 104% 106 14 Jun X25% *32 32% •10774 10974 4774 Jan 6% 32 4,800 V 100 974- 59 Plllsbury Mills Inc 164 26 109 900 61 *874 v 47% Inc Phoenix Hosiery Dec > *10774 9 61% 12 Jan 70 3274 109 x60 61 9 59 27 37% 60 74 9% 2,000 2,200 1674 3574 4874 Jan 170 60 V„ *9 6% 1674 35% 61 34% Feb Jun P0% 974 '■ 60 10 Jun 60% *9 6% 674 5874 6 28% 35 7v 59% 611 6% 48 74 3 156% 1074 *3574 * 48% 9 % Jan Mar 16% 3574 1,100 58% 32 % .Tan 148 16 % 1,000 974 58 Va Mar Nov 6% 16% X3574 674 8 74 . 48% 11 16% Jan 6% 1674 3674 674 400 29% 74 8 59% Ac Co 32% Aug 105% Apr 155 974 1 (Chas) 7 Jan 8% 10 16% 13,500 4,700 39% 29% 8% 97a > 23% 112 35% • 2974 97a 2374 138 *104 *2974 874 974 2374 136%- 136% 11% 2974 *8% *3674 100 " 2 3874 2374 4474 112 '♦35%* *29% 2 38% 1774 - 43% ♦111% 4 ' 874 974-10 I* 38 Va 2374 23% 17% 674 167436%, 3674 9% 30 874" ' 10 y4 2 2 2 38%. 38 38 4,000 6 142 •30 • 874 2 2Va 37% .330 '• 2,5j)0 4 Feb 2 37 74". 377a - 4174- 1374 17% Feb 109 *2 37% , 4174' 41% 62% Jan Jan 4 2 74 13 94% Jan 107 ♦4 1 74 4174 3 Xl03% Nov 42% 1374 16 Feb *41% 4074 27 57% 4274 59,100: 13% 14 8% *41% 1974 40 57 % Jan 32 4274 13,100 99 - 18% 3974 93% Jan Jun *41% 99 1874 13 y8 Apr Mar 1774 39% Dec 4% 18 7a 13 Ye Dec 21 17% 13 14 Mar 17% 40 y4 64 32 17% 1274 95% 97 ' 9974 -1878 17,200 39 Va 51% Jun 774 16% 115% 55% Mar 9 Feb 774 1674 99 102 7a 100 ' 774 1674 177a •35 $ per share 13 103 104 7% 16% 7% 1674. 1274 87% Aug 36% Feb 104 1057a 7% 16% 4074 8 135% *104 77a 1674 *10974 90% Feb ,14% 7% 157% *104% 4 15% 104 - 7*74 16 111 84% Jan Jun 7% 1574 ♦41%. ,\42% * 190 10474 Feb 7% ,7% 15% 18% v 100 5,000 105 105 105% 115% 88% Jan *105 *10474 Nov Feb 1057a 105 ■ *109% 79 V* 103 105% 105 77.700 1974 4074 4174 *1974 4174 1274 $6 14 Dec 1974 41% * 18% - 18 105 *1974 42% *115 S per share 50 % Jan 1974 40% 104% 14% Feb Dec •19% 42% 110 40% Feb 135 105'% 19% 42- I,200 100,100 ♦109V2 3 10%- Jun *19ya 374 1074 ■ ♦104% 14 100% *105 3? 374 10% . 100 13% Jan Jun 105% 334 1074 *3674 37% 374 1074 - 100 32% Jan 26 42 7'a *36% 374 1074 390 410 5,400 3% preferred. Jan >. 7% Sep 19 42% 37 3% 10% 37» 11 374 3% preferred Jan Jun 19 43 374 10% 3 %• 4.3% 19% Feb •36% 37a 107« . 3.8% 40% 10% 37%' ♦ 37 - 3% 10 y4 3V4, 4.4% Jun Jan *36% 36% STOCKS t per share 55% 3% 3 104% Mar Jun Jan 145% 3% 17.800 2 Jan 116 11% 37% 93% 145% 3% 3374 3374 3374 preference com_—No par preferred ; .100 22% , 145% 3 % 33% 1.500 4074 Lowest Highest V4 110 . 12% Range Since Jan. 1 Highest Year 1949 70 33 2274 22% 40% 60% Range for Previous Lowest *32 2274 110% Feb 24 xll4% Jan 98 104 33 22% 12% 24 105 110% 33 56 40% 15 Jan *34 5 * 20% 56 No-par .Pfizer 11 60 146 22% 145% 3%i .4% 7% _100 Petroleum Corp of America( Pfeiffer Brewing Co„_ 146 32 22% 10474 10% 19' *■ < No par ■ 146 31 145 "36%. 3%. 15% —-MOO Co'common, 14574 55 Phelps-Dodge Corp —25 Philadelphia Co 6% preferred50 ; 1 *50% Jan , *105 Corpt com__No par 4%%- preferred - 105% 145% 43 . Pet Milk : 6 13% Mar 3 47 % Mar X4874 Mar 6 107 13 * 3* 105 55 104-% 3% •*18%. 1 Peoples Drug Stores Inc 5 Peoples Gas Light Ac Coke_— 100 Peoria Ac Eastern Ry Co —100 Pepsi-Cola Co™ —__33%c " 5, 11% Mar 25 105 Dec Jan - 37% Feb 3 34 Jan * 6 .13j/4 Jan Feb 10474 10474 10 • 138% Feb 21 14 . Jun 17 36% Feb 4 17 11 Apr." 35 Nov 6 1,200 10474 10474 36 , * 7 35% Jan Mar x8 Feb 114% Feb ,•46 8 127% Jan y. ; 21 ., Feb 4,700 31 104% . power Ac, Light Co——^No par .Pennsylvania RR 50 v Pennsylvania Salt Mfg Co com. 10 3%% conv series A pfd 100 * 54 *30% *104 104% .3% Penn - 5374 30% 31 • 146 **■" 146 No par . 53% 30% 31 y« 104% par preferred 53% 31 53 31 30 6% 53% 52% 31 ♦10 '■> Penn; Glass Sand 33%- 3 3'/a 53 31 Coa_-__^_^*_2.50 30 33 Va 53 33% 527a 52% tPenney (J C) Co,,..., • *._Nopar 6 > •Fenn Coal, Ac Coke Corpi._—_ lo 1 Penn-Dixie 10 Cement Co ia-L— —7 3 < *32 22% 33 V« 33 % 30% Feb 24 9% Feb 32% 22 22% 30%* _„No par _ 600 32% 31% 22% ■——loo Penlck dc Ford. 200 9% 9 9% *54 *30% 33 V. -Peabody Coal Co common —5 5& conv prior preferred—25 17 12 57 7% Jun 16% Jan 16 34% Jan 11% 11% 1174 *974 97a 23 Parmelee, Transportation^—No par Patlno Mines 3c Enterprises—1—_5 * 11% Jan 11- •1174 1174 Shares 55 31% 52% Park Utah Consolidated Mines -Parke Davis A-Co Parker Rust . Proof 9% 974 54 =•> the Week Mar. 8 I per share ' Paramount Pictures Corp—s—l ,Park Ac Tilford Inc— : ——i—1 ' , 3Q% Feb: 15- 37% Dec I 42% Jan 233% 7 . " 106 11 4 5% Jan " 4 •1174 12 *30% Paraffine Cos Ihc common—No par 4% convertible preferred——100 23 .- 19% Jan Jan ' 6 Feb ;* - 39y4 Mar, .3 ,, 3 r * 9 ♦22% Airways Inc_—,1 Pan-American Petrol Ac Transp—5 Panhandle-East Pipe-L com__No par -:-44k preferred.: ——-_—l00 Panhandle Prod 3c Refining.——1 - 27 - Jan 46%. Jan 4 7% Jan *9 20% Jan * 3 28% Jan . 14% Jan 8 Dec . Jan 2 Dec . Mar* 2. .34% Jan 16 , 7% Jan.. Juin 27% Feb '38% Decj Jan 7% Feb 21,. 25 41% Mar . *1174 a 9V« Sales for Friday Mar. 2 t per share $ per share 54 No par - S per share *51% Pant Amer World 1 117 *9 Thursday Mar. 1 Feb. 28 54 « No par —u_: Packard Motor Car * 106% Jan *13 53/4 Feb - 1 15% Feb 9 11 preferred 11T» 9% SALE PRICES Wednesday Tuesday $ per share 1 12% ♦8% .Pacific Tin. Consolidated Corp__.—1 Pacific Western Oil Corp—^Mo ' Feb; 28 :21 ' >6 Aug Nov 15 Jan Jan % 6% . 7 Feb. 27 ♦51 Pacific TelepA Tel eg com—i_10o 43% Feb .16- 2H Jan ' . /Pacific .Lighting Corp Pacific Mills * Monday ♦11% 10 Finance Corp of Calif lo Pacific Gas & Rlectrlc_j.____——25 5 4% Jan 11, 13 17% Feb 9 .. Jan 99 x6 . 18% Feb-. 23 47% Oct 23% Mar , ( 42 * 5 - _ Pacific 3 i Inc common preferred non-cum—i._No par 2nd preferred non-cum No par 17 RECORD Feb. 35 t per share 1st - .4 3% Jan Jan 28 <22% Dec Jun Co 10 148% Jan 3 104% Jan 1% • 7; . Oct 24% „ Feb Dec 37 Fisheries Coast 11 Jan 33 * 3 104 Amer Pacific ■ 105% Mar 27 1 Pacific 4 - 3 3% Feb 34 Dec 17% ; -t 12- Feb Jan 55 3 •' Jan ,■ <: 34% Jan 1J 8% Jan , Apr Jun 101 i 30 . Oct 5% 34% Jan 23 1 ■ 2% Jan 38% Dec 104% Dec 15% . / 144 Apr 22 24 Feb 101 ,r 1 ■t, (961) LOW AND HIGH k 3 9% Feb 28 ." Feb 52 Oct t 10% CHRONICLE Saturday v Par 57% Jan 17 30 % Jan 4%. Jan : Jan 12 , - 4% Jan 44 3% Jun , , 13% Jan ' 3 32% Feb Jan Jun „ STOCK STOCK t per share 2Q% Jan 25 27% ! YORK FINANCIAL ..." EXCHANGE Jan 10 5? NEW YORK < Highest 11 % Mar .3 Apr 40 Feb Range Since Jan. 1 Lowest J per share . Sep 29 v ,14 Jan 10% Jan Nov 51 r. , , I per ihare .■ & STOCKS . Highest . . 34% 3474 3474 34% 3474 34% 3474 3474 34% 3474 34% 26% 27% 26 % 27 2674 27 2674 27 2674 27 26% 27% 4,900 9,800 *108 32% *20 IO8V2 *108 10874 *108 108% *108 108% 10874 108% 10974 10974 200 327a 82% 3274 1,600 *20% 3174 1,200 71,400 32% 3274 3274 31% 32% 32 32 Va 327a 20% 2074 21 21 21 20% 20% *20% 21 R 101 % Dec 23%. Jun 29% Dec 21% Jun 30% Feb 26% Jun 34% Feb 100 Feb 3 27% Jan X24% Jan 25 »" 76 > 14 28% Feb 17 16 Jun 23% Jan 30 y» Jan 13 20% Jan 25 Feb 17% 34% Nov 43 Jan 36 Jan 25 22% Jan 39% Feb 9 28% Jun 36 Jan 31 Jan 13 33% Mar 3 For footnotes see page 20. 32 9 $3.50 15 1574 1474 15 1474 • 7574 7574 75 75% 75 874 8% 874 874 874 *101 % 10274 *101% 102% *10174 No par *2874 2974 28 74 28% *28% -1 2774 2774 2774 2774 27% 1st preferred——No par Radio-Keith-Orpheum Corp__ _1 Ralston Purina Co 3%% pfd—100 Raybestos-Manhattan Rayonier Inc common I $2 preferred Reading Co common—— 4% non-cum 1st preferred 4% non-cum 2nd preferred < - 25 50 50 50 1574 *7574 *31 2174 1574 76 3174 21% ■ 1 1474 14% 14% 1474 1474 75 V4 7574 75% 7574 7574 1,800 8% 8% 8% 874 874 13,600 103 *101% 102% 10274 10274 8 74 *1023 4 10274 29 28% 28% 287« 28% 283 4 28 74' 2774 27% 2774 2774 *317a 27% 277a 28 2,900 3174 21% 32 32 1,800 ♦2174 22 1,000 39 *38 39 200 3374 400 874 3174 3174 31 31V4 31% 3174 21% 22 22 22 21% 2174 39 38 38 38 38 34 33% 33% *38 3974 *38 *33 34 *33 34 *3374 2174 *38 3374 33% 7 3374 10 ■ 800 18 (962) THE COMMERCIAL Range for Previous 10% Range Since Jan. t Highest S per share Lowest $ per share NEW Highest $ per share YORK 13% Apr 11% Jan 25 127a Feb 1 Real Silk 23% Jan 1674 Feb 25 18 Jan 3 Reed Roller 16% Oct 1474 Jan 13 16 Jan 7, 6% 50 9% Jun 58 Jan 5 60% Feb 1174 Jan 13 14% Feb 91% 85 20 92 10 V8 Jan 13 13 Feb 5% Jan 25 18% 6% 4% 34% 851/4 40 Jan ft. Jan 13 103 Jan 13 Jan 1474 Jan 5% Feb 98 Feb Feb Jan 6% Jan 9 Va Jan 3774 Jan 25 47% Jan 12 , 3 50 10 94 % Jan 5 98% Feb .Jan 16 107% Jan Jan 13, 2174 Feb 3 14 42% Jan 1574 1574 *15% 157a 15 15% 15 *734 No par series- _ l_25c ! *87% Jan 13% Jun 24% Jan 108% Nov 21% Dec 1 Dec 37% Feb 21 Jan 16 151/4 Jun x3% 21" Mar 7"% Jun Feb 16 Jan 12 12% Dec < Co— (R J) Tob class , Roan Jan 13 14% Feb 9 Dec 30% Jan 13 35% Feb 11 68% Dec 60% Jail 13 67% Jan 5 96% Apr 105* Dec Jan 12 16% Jan 3 104. 19% Nov 10% Jun 16 Jun 211% Jan Apr 61% Nov 54% Feb 15 8% Sep 12 '/a Mar 10% Jan 3 x20 Dec Jan Robertshaw-Fulton 4%%, Feb 28 58% Jan 12 5 9 109% Apr Co Ruppert Controls 12% Jan 9 43% Dec 131% Dec 123 Jan 2Q 98 Jan 24 105 6'% Jun 77 3 87 Jan 7% Feb 28 May 9% July 43 % Jan 86% Jan 24 Mar 90 Preferred Feb St 7 9% Jun 13% Dec 12% Jan 13 17 '/a Feb 24 Jun 31% Dec 30% Jan 34% Jan 11 46% Jan 70 Dec Nov 90 Jun 98 x 103 % July Jun 94% Jun 7 70% Mar Oct Feb 6 96 Jan 107 Jan Jan 104 87% Mar 109 7 Feb 12% Jan 14 Jan 13% Jan Jan 91 Sep 86 % Jan 92 13% Jun 21% Dec 20 47% Jun 62 Dec 60 16% 19% Jan Jan 25% Feb 69% Feb 10 Jan A 5% Sep 19% 56 Dec 47% Jan 25 52% Jan Seaboard 11% Dec ioy4 Jan 31 14% Feb 33% Jun 44% Dec 41% Feb 15 44% Jan Sears 91/2 Jun 16% Dec 15 Jan 3 41% Jun 6% Jan 5% Jan 3 6% Jan 10 61/4 Jun 11% Dec 10% Jan 3 13% Feb 1 1011% Feb 91 1 94% Jan 11 Jun Mar 16% Mar Oil 241/2 $ per share Jun • $ per share 31% May 37% Jan Jan 24% Feb par 17% ma 19 19% 5 >8 •5% 22% 22% 22% 22% 14% 14 y8 14% 14% 35 Va 35%, 351/8 16 2874 Jan , 3774 Jan 13 4274 Feb 14 10674 Feb 11 Jan Dec 34% Jan 25 7 Oct 6% Jan 4% Jan 2% Mar Feb 38 vtc__—100 5 . . & 22% Mar 2 110 3 5 Mar 4% Jan 38 78 38'/2 37% 38% 3774 3774 4,400 11% 1074 117a 10% 117s.., 1174 1174 11,500 4674 4774 467a *163 165 *100 102%: " 8 88 *-774 4674 *163% 4674 163 77u 774 47 -• 477 a 4 162 3,700 16274 50 ' 1027a '774 47 *162'4 165 102 74 50 105 ' 105 '774 105 •7% -. 105 774 ; 100 Vb 12,000 88 17% 17 1774 1634 17 1674 17 1674 17 14.200 31 VB 3174 31 31i% 31 • 3174 30%- 3174 70% *69% 70% 70 V8 30,200 70 % 7074 400 96 220 94% *106 87% . *107 87 70'/a 87 *37 70 70 9474 *95 96 96 10674 -106 106 *106 106'% *86% 108i/2 88 96 88 96 * . 86% 8674 *86 86% 108 10774 107% *107 107% 1474 1474 14% 9174 9174 *91% 24 24% 24 2474 2474 2474 6574 6574 66 66 65% 6G a- 2074 20% 4874 49 . 1374 1374 437 a 4374 437a 1674 1874 1674 8674 8674 *107 96 *106 100% 87 88 70 % 70% *9574 non *87 107 106% 50 8774 \ 87 74 107% 100 30 107 100 14% 14% 1474 *901/2- 100 91'/a 91% 24 '/a vtc—l_No par 24 y4 / 2474 67% 66% 67 *66 9174 24 74 20% 207 s 2074 21 No par 48% 48% X48 *• 48 *13% No par , ■ 14 21 13% 42% 43 4274 16 16% 1374 43% 16 1674 *5% 1 11% No par *91%' 6 6 1178 *91% 13 % 43% . 16% 6 11% 92 21 '4874- 49% • 1374 . 16 . 11% 11% 92 12 Va *9174 147a 1474 92 92 92 50 1174 92 91 49% 13% 43 4374 92 70 2474 11,600 6574 2074 49 3,600 247 b ' 2074 ; *9174 . *13 • 14% 14% 65 % 1,000 207a 2074 4,100 4974 4974 1374 2,200 1,000 22,700 *13 ! « 43 Va 4374 74 10% 16% 1674 674 6% <674 *5% 1274 1274 1274 *9074 92% 6%' 674 ' - 14% 9174 16 - 6 4,300 74 1,300 1274 1274 18,400 *9074 92% 20 Saturday • & Gas 4 45 4 35% Nov 34 Jan 13 12 2574 25 74 25% 25 2574 6,100 27% 2874 27% 2874 27% 28 74 42 74 42 8,300 4174 4174 4174 4074 41% 41 4174 4,100 10674 10674 *106% 107% *10674 107% 10 1074 10% 19 *18 74 10 , *18% 10 19 9% 19 • Oil Smith 12 (A Smith 3 Co 15 O) preferred Porto 56 Nov 66% Feb 60 Jan 13 Feb 9 10% Jun 13% Jan 11% Jan 5 13 3 8 Feb 14 3 10% Feb 15 26 Oct 23% Jan 6 25 29% Mar 25% Jan 3 29% Mar Jan 3 1074 Jan Spear 12 24 Feb & Conv 24 Square Mar 3 Squibb 108% Mar 1 $4 23% Feb 3 Feb 2 Dec 47 Jan 3 61% Feb 143 Dec 140 Jan 26 152 % Feb 159% Dec 152 Jan 13 165 Sep 61 Jan Feb 10 9 10 Co preferred Standard 4 & Sons Brands Standard Oil of 7 Standard Oil of New 45% Nov 42% Feb 14 60% 74% €6 25 69% Jan 52% '74% *52% 7374 35 Va 35 Va 35 V4 35% 35% 1 No par 1 12% 12% 40% 40 * 1774 16% 109 J/4 *52 y2 73% 1274 127/2 40 Va 40 ■ " 22% *8574 *100 1674 73% 35 74 12% 40 23 109 y4 53 '• *4374 600 16% 108 *2374 2274 87 2274 87 102 2274 1,800 *17 V8 1674 167-4 110 110 4 4 10% 1074 .'10% 1074 53 5274 53 *52% 53 Va 300 73% 7374 73% 73% 7374 1,000 *1274 1274 1274 4074 . 3974 3974 *41% 43% *41% 43% 347/4 35 Va 25 • 12% 39 74* *41 1274 40 100 3514 35% 7,800 50,200 13V4 13% 13% 13% 1374 1344 13% '13% 13% 3674 37 3674 36 37 37 . 5274 53% 52% 34% 34% 5674 *64 1274 57 56 % 57. 66 64V2 64V2 12% 12% 12V2 874 8% 874 8% 674 674 *6V4 *67 70V2 *67 7 70% 5674 *64% 1274 r 52% '35 5674 65%' 13 8 8% *G 6 % *67 70% 2,700 35% 37 v. 34 74 3,700 .*. 43 7 2 13V4 5374 20,600 % 36 34% 300 9,700 107a 1374 3474 47,900 • 4 3674 5374 500 110 4 13 * 290 1774 3674 , 30 102 *109 4 900 1,000 4,100 87 *10174 1774 16% . 23'4 3074 30 74 3674 37 52% 53% 5274 53% 13,000 35 5274 34% 53% 34% 35 74 35 35% 7,600 56% *64% 1274 8% 6 Va 57 5674 65% *64% 13 1274 8% 8% „■• 57- 65% 13 8% 5674 57 1,100 *64 % 65% 20 1274 1274 2,600 8 74 17,300 200 8 674 *6 6% *6 674 70% *67' 7,300 *67 7074 *67 7074 l 24% 24% 24% 24% 2474 2474 24 74 24% 2474 25 24 74 25 1 2874 28% 28% 2874 2874 2874 2874 29'/a 2874 29 74 2o% 29 74 2 974 974 16,300 9% 974 9% 974 974 9% 9Vc 9% 9 74 9% 7174 7174 3,800 70% 7074 *70 No par 5 1 No par com—No par par Indiana 52% *73V2 *42% par 3 54 73V2 43Va $7 prior preferred—,—„ No par Standard Oil of California—_No Feb 1074 *42% $3.50 preferred! ——No par Standard G & E Co $4 pref__No par $6 prior preferred -No 3 10% 16% 110 12% 100 common — Inc ' 43V2 5 Inc Co (E R) 4* 17% 40 No par 65% Jan 36% Jun 18 *17 1274 stock tr ctfs___100 25 45 17% 17% 4374 „—No par preferred 17y8 40 common__No par common $4.50 D 73% 7.50 Spencer Kellogg & Sons Sperry Corp (The) Spiegel Inc common.. 24 18% Feb Co 17V2 25 preferred $5.50 preferred 3 10% Mar non-cum Mobile & Ohio 23 Jun 102 -_25 Edison Spalding (AG) & Bros Sparks-Withington Co 18 *52 com_No par (The)——— Railway Jun 87 10174 ' Southern Natural Gas/Co Pacific Feb 50 _50 — California Southern Co 5<7- 1074 Greyhound Lines—__5 Rico Sugar preferred- Southern 6% *8574 10% Southern 22% *22% 87 10% 9 21 22% 102 10% 12 Jan 22% *8574 *10174 8574 <- *107 2374 31 10% 21 70 2274 102 108 30% 374 85% 102 - 2374 30% 3% *374 8574 102 108 23% 2974 374 38% Jan 3 107 23% 3074 16% 57% Feb Jan 107 23% 29% *108% 54% Feb Feb 108 23% •' 374 3 7 2 2 74 107% 24.. 30% 16Va 3 4 2 2 74 10874 10874 11 574 Jan 30V2 374 Jan Oct 2274 *2374 1674 32% Feb Jan 3074 108% Southern 2 5% 108 24 16% 8% 10 6% *2374 *30% 2% * 109V, 49% Jan 92 7,100 1674 54 3 8,500 774 *10874 5% preferred 574% conv preferred— 1 3% July 53% Dec 108 20 South Amer Gold & Platinum 1 South Carolina E&GCo com—4.50 Jan 20% Jan 35% 774 Soccny Vacuum Oil Co Inc _15 Solvay American Corp 4% pfd__100 4 Corona Jan 89% Jan 31 35% 7% *1774 & Dec 40 357a 774 Typewr.iters.No par Smith 41 16 3574 *8574 61 13 19 7% *10174 51 25 *1874 3574 100 preferred Jun Feb • 774 774 100 4.20% 3 4% Jan 103 3 __lo (A) & Sons Carpet Co com—20 3%% 12 3% May Iron__ Corp 45% Jan 18% 1,000 25% Jun 16 18 1874 27,900 32% 34 1074 22% 20 106% Jan *1074 3574 35% 774 . 2274 37% Jan 72 35% 7 74 10% 18% • 22% 13 23 35% •. 200 1,800 10% . 22% 34% Jan Feb 19 1074 106 3 4 2274 36% Nov 65 7% *10 10674 22 74 3 13% Mar 35 106% 41 4074 *106% 10774 2274 Feb 35% Feb " 22 11% Jan 111 WW 2574 27% " 4 22% NOV 25% 2774 ' 2274 10% Sep 281/4 Jan 20. 25% 28 Va 22% South 40% Feb Jan Jan 25% 27% 22% Southeastern 3 40 Jan 25 Va 27% No par 12 36% Jan Aug 68 Shares 25% 27% . 2,900 27 Nov 9 share 25 74 . 3,100 14 14% Apr 45 t per _1 .. 274 3 40 $ per share the Week 32 74 Jan Jan Alar. 3 2874 Feb Feb $ per share Sales for Friday Mar'• 2 27a 75% 26% Thursday Mar. 1 28 74 16 36% Wednesday . Feb. 28 S per share *31% Jan 11% Jan Tuesday Feb.27 S per share 274 68 60 Monday Feb.25 Sper share 3174 Dec Oct page 3674 113% 38% 28 74 71% 11 see 35% *11374 , 2% 28 footnotes 35% 113% 31 53% Mar For 3574' 11374 28% Jan NOV 35% 11374 274 10 Jun 12,700 4 347a *11374 2874 11 70 46'% 35% 113 30% Feb Jun 1 * 2% 53 55 1,800 3074 13 52% 800 10 74 28 % 11 Jan 56% 274 51% Jan Jan 22 % 10% 1 30 Oct 18% 7,400 2274 *55% 1074 28% 52% 98% Jan % 56% 32'/a 14% .No par Mar 109 99 4 10 % 3,000 30 9% Jan Dec 56 18% 28%' 10% Dec 92 3.474 ' 17 20 22% Nov 55'% r 10% 800 18 18% 88 *107 .1.1 23 Jan Jun 227fl 10% 2274 1874 22 7if 62% 103 274 Feb 3% Jan Apr 17% Apr 187a 62 y8 ■=101 30 Mar 106 82 1874 62 74 103 2874 Jan Oct Dec 400 6274 2% 25 Oct Dec 6,300 35 74 22% 28% 87 Dec 181/4 2,100 1474 *34%. 30 102 4% 37% 2274 1474 3478 " 28% 7 107% 107 22% 14% 3474 30% 4 97% July Feb 2274 14 35 *274 Jan Jan Jun 2,300 30% 84% Feb 98 17 13% 2,100 5 74 17 y8 STOCK Skelly 14 23% 7,500 1974 31% *86% 1 Sloss-Sheffield Steel & Feb 100 38% 1874 "574 17% 94% com 9 16 Apr Dec 38 V« = 574 32% *69% 100 !_. 21 Jun 71% 89 ' 106 Va —1 common 110% Feb Feb Jan 1,300 17y4 100 Co! 2474 Jan 18 64 19 74 *10172 55 102% 5 3 4 May 2074 2074 32 *94 Col 15 14% Jan 73 *87 *105 .t— Jan Jan Jun 3874 63 1074 163 !/2 .,. 774 No par pfd__ com 21% Feb 100 17% 17% Jan 7% No par Shattuck 5 29% 38% *18% 300 490 No par 28 40 2074, 10 9874 107% 1 28% 33% Jan 7% Jan 49 % *48 *9774 *107 2074 190 _5 23% Feb Jan 8,200 No par 3 3% 39 14 Va ' 55% * 4,600 .No par 13 14% 48% 93% 103 , - 10774 *62% 1874 5,500 1174 3874 98% *10174 •: 12,000 a 2274 14 35 63% 23 7 102 9 Jan 29% Jan Jun - 6 v 25 2974 Jan 33 20% Jan 10% 8 7% Dec Feb *98 35% Dec Jan 163 774 22% 88% 35% x46 102% 47% 35% 33% 31% 48 165 ;• *98 1 Jun 100% Mar 35% *113 *163 .15 Jun Nov 48 % 2,500 1174 39 5 2274 574 107% ; 100 1674 102 1174 98% 108 23 23% 11% 574 23 > 11% 12 19 21% 2,600 37,000 101 *10074 101 3874 . 1874. 23 11% 21 16% 83% May 95% Jan ■■ 1674 . 6 2274 18% 10% 10% 874 Feb 13 Sep 7,000 16 101 101 3974 *5 55%' 10% 374 Jan 27 Jan ■ 4 74 : *106 108 - 574 . 49 22% * 6 22% 3874 xl8% 10% 16 *10074 2074 14% 10% 1 30 24% 474 l 400 3,300 27 74 38% 35% vtc-^.No par 13 26% Jan 127% 4% 2674 2074 ' 6374 55% 10% 107 5V8 % 9 36% Jun 16,500 2774 107% *101 %■ 104 22% 22% 35% Jan 27% Nov 97 14 38 8 Jan r - 11 3974 *35 113 Co of Del Shamrock Oil 11 2174 Feb Oct i 38i% *10674 7 Jun •7 74 1074 - < 1137a 42 3 May 4% 20% ••■-51/8 2274 64 y4 '*54%: 10% 113% .No par 9'% Jan 18% 35% *113 .No par 15% Jan 22 22% 56 . 20' Dec 28 56 *10% 23 15% Jun *22% ■ ' 5'% 38% 1 11% Apr Jan 19 Par 4 2874 Alar Oct 2V4 19% 5 38% EXCHANGE 10% 5 *35 , 38% (The) NEW YORK . 81/4 Jun 40% *97 % 3874 5 $ per share 14 25% Feb 38% Dec Jun 774 18,500 • ' $4.50 preferred Highest 105% Feb 30 38% *48 207a Refrigerator Co——I 5 Seiberling Rubber Co— „_1 Range Since Jan. 1 Lowest Highest' 21% Aug 22% ! 7%-- *106 74 : 10174- 101 »4 1134 1174' 98 74 39% Seeger Inc 9174 11 Va 11%; 16% 49 20% t *10 1_* Co Roebuck Servel 14% 1074 STOCKS Year 1949 t per share 3974 *48 38% 17% i.2 5% _* Seaboard Finance Range for Previous Lowest * 3974 397a 49 20% Seagrave Corp 21% Feb 1374 1 \ 10% 2674 108 22</4 1174 38% 1_*^_100 & preferred series A* Jan 77 39% *4774 • 1174 2074 No par 5% 36% Feb 39% 49 1174 1174 38% _25 common 3.35% preferred Seaboard Air Line 18 Jan ... 1,000 60 *8974 14% 92, t 400 10 1174 101 .5 74 2074 Co—i_100 preferred—,——100 Elec 6 102 *10074 par ;-«.1.75 Scranton 2 874 25 ,. *58 74 60 7 74 • » 2674 16 1067.4 *_No par i Mfg Co 3.65% 4.30% preferred 30 Mar 100 .; series Regis Paper Co *106 •2274 227g ec *97% Southwestern Ry non-cum $4 preferred 21 14% Jan 83 1174 r—( 0 0 106% com—1 common Scovill 3 574 • 2274 2274 100 % 9874 Scott Paper Co common.„ $3.40 preferred * 10 9 10 1374 * *774 25 1074 10% - ! 874 '•' 25 • *89 4% 1174 r *100 »/2 10674 Schenley Industries Inc 4 20 84% Jan .4% 16 74 101 9874 1st pfd 4.40%* series A——***100 Savage Arms Corp 1 5 3 105% Feb Oct 91% Alar 104% Feb 94 108 78 66 3 Louis 5% 9 22% 0 '/a 108 Va 16 Va *10072 106% _5 1 Joseph Lead Co__, St 2. Jan 9 0 *106': 16% 101 98% , : St L-San F Ry Co com 48% Jan 10 165% Feb 21 100% Nov 6% 2274 102 39% 2-1 (The) 14 Jun 107 % 16 Va *10074 106 % (Jacob) St Jun 10774 •' 4% 98% Royal Typewriter 10 Jun 26 V8 19 41% Jan 31 2674 18% 3 78 7% 4% 104 21 87 .774 • 2674 €4% 113% Feb 10% Feb 774 774 2674 *101% 7 Jan 1074 267a " . 19 112% Jan 12% 14 % 89 % 10% 11 65 Safeway Stores 5% preferred 37% Mar 14 Va 89'/a 1074 11 104 9 Jan 14% 89% 11 *64 y4 3674 Feb 48V2 35% May 7% Jun *774 *58 % *1074 474 " *101 % 13 Feb 2,100 60 11 Va •.—20 29% Jan 113% 15 *974 *88% •' 1 common.' Co S 33% Dec 16% Jan 14% *581% 60 i_20 preferred-* conv Ruberoid 31 Jan 1,100 15% 10 474 4'c preferred series A—..----100 Ronson Art Metal Works Inc.—a_ 1 1 23 12 17 74 15 8% 14 Va *105% Co_*_ Inc__' Mills Rohm & Haas 12 19% Feb 3 39% 104 *113/a *167b 9 74 11 Va 16 %■ •.*47 " Oil Robbins 7% 101 11% 100 Corp— 1 __No Company * No Antelope Copper Mines Ritter 774 5% v_lo Manufacturing 17 1074 109 16% series——100 Richfield 89 1074 2674 *107 B___„10 ! series— 11 31 Shares 11% 171% 25 474 *100% , 1 — 4.50% 27 Jun $ per share 11% 25 ' 3.60% 5% Jan Jun the Week 17 • .151/8 11% ' 26% 2.50 com Preferred 19 % Feb 36 Sales for Alar. 3 ' Preferred 24% Jan 21. 11% 25 974 *58 8874 7% 22% Rheem 60 . 89 *10074 3 20% Jan Friday Mar. 2 $ per share 17 *774 2574 974 14% 474 *11 —10 974 11 —No par 4 4% Jan Dec 5% Jun 15 *11% 8% *25 14% 7% !50c common— Common 9 42% 12 *7% 26 1474 11 1 : 8% 974 *58 " 60 14% ———1 *774 *25 10 *58 —50c — 8% 26 •• *974 100 - common - *25 —.5 .. 102% *1174 * Steel Reynolds , 10 19 17 preference——10 Inc,. Reynolds Spring 27 106 167/8 _ 7" Jan 167a 5%%. convertible preferred—^-100 20 3974 Jail 12 1674 50c Corp— Rexall Drug Inc Reynolds Metals Co • 20 Feb *1174 *1674 Corp 'com——No par 6% conv prior pfd4 series'A—100 Revere Copper & Brass com.—No par 5%% preferred 1 —100 2 102 Va Jan 31 Oct 7 23% Mar 3 prior pictures Republic 20 13 100 12 1674 $1 convertible preferred 4 101 14 20 V2 Jan 17 . Thursday Sper share 1674 , preferred Republic " 2 21 $ per share *11% ; Republic Aviation Corp 1, 108 % Feb 18 Feb 30 27Va Mar 3 9974 Jan Sep Aug 39% Jan 23 Dec 10 42% Mar Jan Dec 103% Jun 1134 Feb Jan 23 Jun Sep 574 Jan 13^ Dec 16% 100 4% Aug 98 11- Jan 110 Jun 4Va Feb 974 Jan $ per share Mar. 1 5 Alfg Co common Reo' Motors 28 Dec div $4.50 2. 7% Feb Dec 27% Aug Jan S per share PRICES Wednesday No par Co Conv pfd 3 % % Remington-Rand 14 Feb Jan Jan 4% Jun 10% $1.25 Reliable Stores 20 Nov Bit Cftobt) & Co— Reliance 9 Dec 10 < Jun 91 7 8% Jan 17 17 Feb 12% Feb. 28 • 11 25% Feb 11 6 Nov Jan 5% 974 Jan 9 3 12% • 6% May 4% Jun 2% Jan Feb 874 Jan 90 Apr 73 7 22 Jan 60 1 Aug 874 Jan Dec 81/2 27 Jun SALE Tuesday Feb. 27 1950 ' Hosiery Mills com Reeves Bros Inc Reis Monday, March 6, HIGH Monday Feb. 25 Par Jan AND Saturday 5 per share 15 % Nov 4% Jun 18% Jan CHRONICLE LOW STOCK EXCHANGE 11% Jan FINANCIAL STOCKS Year 1949 lowest & —25 Jersey——25 x7174 7174 18 18% 18 18% 3774 37V2 38 38 108% *108 *108 23 23 9274 92% 6074 6074 2274 x90% 4 5974 10874 71% 17% '38 . 108 71% 150 1774 18'/a 1774 18% 17% 1774 5,300 39 3974 39 39% 39% 40 2,200 108 10874 *108 10874 108 2274 2274 91% 91% 59% 149 *146 148 164 *162% 163 6274 62% 6274 4374 4374 4374 67 6774 6674 59 146 •161% 71 18 23 *146 71 1,500 39 91% *163 6274 *71 60 Va 2274 *91 58% 146 *146' 163 23 92 *161 - 59% 148 162% . *108 108 74 130 2274 23 2274 23 5,500 9174 9174 91 92 490 59% *144 6074 146 161% 161% 627a 61% 60% 6074 *144 146 159 161 9,400 100 600 62 6274 62% 62% 43% 43 74 43 34 43 43% 43 74 43% 43 4374 8,200 67% 6674 67% 6674 67% fc 7 677a 6674 67% 27,500 61% 62 74 11,600 Volume 171 Number 4887 THE COMMERCIAL NEW Range for Previous Year 1949 Lowest 20 Range Since Jan. 1 Highest , NEW Lowest $ per share 27 % Oct 4 27% Jan 10 102% Dec Feb 21 102,% Feb 2 20% Dec 18% Jan 24 Jan 3 25% Jan 101 20 40 Jun 48 Dec 48 6 50 '/a Mar Jun 38% Jan 26% Mar 1 32% Jan July 13 Jan 12% Jan 3 15 Jan 28 41% Aug 36% Jan 35 Oct 4% convertible Starrett Co Sterchi 27 39% Feb 10 94 Jan Jan 98 Feb 21 99% Jan 4 3%% Jan 33% Dec 31% Feb 6 34% Jan 9 Stevens 9% Jun 14% jan 12 3 18% Feb 14 9 Va Jan 13% Jan 14% Jan' Dec 12% Jan" 13 15 A Jan 18% Dec 17% Jan 25 18% Jan Feb 21% Dec 20 % Jan 13 22% Feb Dec 26 29% Feb 9 Dec 45% Jan 28 28% Jun 52 6% Feb 90 52 Va 66% 69 % Mar July Studebaker Corp____ Sunbeam Corp 55 % Feb 14 10% Jan 25 Jan 16% Jan 30 18% Feb 14 15 60% Jan 9 Jan 9 Class 12% Feb 3 Sum ay xl22 Jun 21% Sep 19 Jan 25 22 Feb 60% Dec 55 Jan 25 60 12% Sep 9% Feb 9 Dec 195 Jan Jan 10 Feb Feb 11 Jan 4 Jun 41% Dec 38 Dec 108% Dec 107 , 3 11 Superior Oil 27 Feb 11% Nov 10'/a Jan 4 11% Feb 2 Jun 36% Dec 34 Jan 13 37% Jan 28 8% Jun 12 Feb Aug 89' 3% Jun 6% 9% Jun 9% Jan Steel Co 61/2 Jan 3 Telautograph 591/4 Jan 25 13 26 Vb Nov 62% Jan Texas 16 23% Jan 9 Texas Pacific Coal & Texas Pacific 58% Dec 53% Jan 3 59% Jan 9 Sub Dec 44 Feb 14 48'A Jan 6 Texas 8 Jun 11A Jan 10% Jan 3 12% Jan 31 15% Jan 14% Jan 3 16% Jan 31 8% Nov :7A Jan 3 321/4 Aug 30 V4 Jan 3 14 12% Jan 6 25% Apr 12 •- Dec Jun 4% 35 ; : T 1% Jun 6 34% The 11 Thermoid 15 $2.56 6% Jan 40 Feb 4 % Jan Jan 3% Jan 5 Jan 17% Jan 3 Mai- 7 Jan 13 7Vb Jan 10 Dec 52 Jan 13 55% Jan 18 95 Dec 94'/2 Jan 4% 40 Oct Dec 25% Jun ' Jan Nov Jan 22 6. 11 96 Vb Mar 2 3 5Vs Feb 42% Feb 30 Jan 3 24 Vb Jan Dec 19 105% Jan 5 106'A Feb 7 14'A Feb 3 16% Jan 11, 25 36 Va Jan 5 431/4 Mar 34 Jan S per share 10; Jan 10 Jan ' . $ per share '$ Lowest per • 16% Dec 14% Jan 13 17% • Dec 16% Jan 3 15% Jan 3 Jan 11 8% Jan 13 9% Feb 24 98% Feb 108% Oct 104% Jan 3 109 % Feb 28 18 . 9% Aug 15% Jan 10 Jan 3 12% Feb 18 19% Jan 25% Dec 21% Feb 16 25% Jan 6 35 Feb 15 102 321/a Jan 98% Sop 37% Dec 103 24. Jun 4% Dec 36 % Jan 5 $1.50 Jun 5 24 34% ; Jan Nov 291/4 Jan 18 34% Jan 27 5% 4% Jan 3 Jan 9 Twin 21 11% Jan 20 Udylite 6% Jan Jun 10Tb Dec 10 39 Nov 46 Jan 41% Mar 10% Feb 12% Apr 12 6 $4.50 17% *17 56 56 X17 *119 11% 17 *119 11% *16% *202 209 * *17 57 119 119 30 11% 11% 12 18,500 *17 17% 17% 17% 19% 20 20 20% 20'A 20% 4,000 59% 60 59% 59% 59% 10 10% 10% 10'A 10 Va 59% 10% 4,400 211 11% 12 *39% 207 40 11 110"%- 110 % *10% 36% * 207 11% 11% 11% 40 40 40 *110 111 *110 110% 10% 11 11 11 37 37 37% 12% 12% 21% 111% *10% 50 200 11% 37 36% 82 82 0'/2 6% 6% 6% 12 "8 12% *12% 12% 13'A 13% 14 14% 21% 22 21% 21% 12,300 83 83 83 22'A 82% 22% 82% 21% : 12% 700 6,500 40,200 13% % 12% 10,800 *82% 12% 22 *12% 600 11% 36% , 1,500 206 40 83 6% 205 40 22 6% 208 12% *110 11 A 36% 12% 207 *39% - 11% 6% 300 10% 36% 6% 2,200 60 *205 109% 12% 57 119% 20'A *82 22% 53 % % 11% 119 11 % 17% 4,500 100 10 36 83 56% 1.600 10 A 10 Va *97% 19% *11 12% 22 *82 / 109% 56% 69% 69 10% 99 59% 207 *202 *97 120% 11% 17 10 % 10 A 56% 120 % 11% 6512 99 270 b% 6% 6% 6% *12% 12% *12% 12% 200 ■ 4,500 *6 12% 6 6% 18%. 6% 18% 61% 61 % 6% 6% 18% 18% X18A 18% *6 6V 18% a 6% 0% 6% 18% 18'A 18% 61 60% 61 16% 16% 17 17 % 17 71% 72 71% 72 Va 71% 21 21 % 21% 21 'A 21% 21% 21% 21 % 20% 21 56 56 55% 55 3'4 55% 55% 55'A 6A 60% 61 % 61% 61 % 60% 3,400 17%61% 3,100 27/700 18% 17,000 72% 3,800 20% 20% 6,000 53 A 55 A 55% I 1 45% 45 % 45 % 45% *45% 45% 45% 45% 600 12 11% 11% II 11% 11% 11% 11A 11% 4,600 *15% 16% Xl6'A 16% 16% 16 16% 16, 16 preferred-, No par Co 10% *36 *16 10 37 13% *13 13% 1 6% 6% *6 preferred-^—50 38% 38'/2 38 Co 6% 6% 6% 6% *38% 39% 39% 6% 39 39 38 13,000 : 4% *4% 4% 4>A 18% 18% *7% 54 . 4% 4% 4% 4% *39% 40% *40% 7% 40% 4% 7% 7% 7% 200 52% 54% 54 Va 55 55% 1,400 96% 96% 93% 96% 96 % 70 4% 4% 4,100 *39'/a 40% 300 23% 23% 8,700 205% 105% 40 15 3 a 8,100 35 4,100 4% 4% 40 40 40 23% *105% 15% 15% 151% 15% 14%!: 15% Nty par *34% 34% 34% 34Vi 34, % 34 23% *105% 23% 23% 106 1,400 52% 5 23% 2,000 *94% 10 106 160 4A 18 Va 96% 53 *94% 96% *105% 4% *7% ■ 53% *7% 7% 54% *94% 39% 4A 18% 7% 5,900 18% 4A 18% 96% 6% 39% 18% 54 200 6% 40 4% < 1,390 13% " 18% No par \ 10% 37% 6% 4% No,par Roller, Bearing— 10% *13 18 ','4 No-par - 800 10% 41/4 *94 com 'A 13 % 1,400 / 36% 37 13 xlO 10 18'A *53 com 36% 13% 9% 4% *7% 15 preference 35% *12% 18% No par „ 6 35% 13% *3% .__.H00 com A 36% 16 *15% 13% !„ 1 (The)— , 10% 36 *13 10 % 10% *36 *12% common—. ' 10% 36'2 No par / 4% 39. 40 4% 39 23% 24% 23% 105% 23% 106 *7% 7% 105% *105% 23% 108 ' * 14% 15% 34'A ■ 15 34% 34% <15% 35 15% 34% ' 1/ YORK 1 LOW STOCK Corp Coach Tuesday Feb. 27 171 - Mar. 1 $ per share $ per share PRICES Wednesday T $ per share 16% 17 Vb 16% 17% 16% 17% 16% 16% 15,900 19'A 19% 19 19% 19 19% 19 19 17,500 16% *15 A 16 16 16 16 16 16 16 16% *16 9% 9% 9% 108'A 108% 108 % 9% 9% 109V8 91/2 109 108% 11% 12 11% 12 11% 11% 11% 12 23 A 23% 22 %- 23% 22% '22% 22% 22% 36 36 36i/4 3 OA *102 103 102% 102% 91/4 9'A No par *9 A 9% _50 *331,4 33% 32% 1 5 5 5 36% *101 36% 36% 103 *101 9% 9% 108% 108 Va 12 36% 103 9% 109 % ' 5 *36 12 7,600 22% 9,300 36% 36% X103 103 *101 < 9% 9% 9% 9% 32% *32% 33 % 32% 32% 5 5 5 490 11% 22 Vb 9% 5 .. 22% 32% 33 13,200 12'A x22 A *9iA * 300 9% 108% 9% 109 5 Co Shares 171/4 20 A com__No par preferred- $ per share share 17% 9% » the Week 19V4 1081.4 No par $ per Sales fot Friday Mar. 3 Mar. 2 17A *15% No par Thursday 19% 8 19 No par SALE Feb. 28 S per share 2 . Inc—„_5 cony preferred— prior preferred prior HIGH Monday Feb. 25 Twin City Rap Transit com conv AND Saturday * * Century Fox Film 10% Jan 103 56 120'A XI1% 10 *97 16% preferred Truax-Traer Coal Co 5 *55% *119 12 65% 10% 99 72 $6 6 56% 120% 65 10 *97 45% Transamerica Jan 66 11% Par 8% Jan 66 65 10% 99 45% Tide Water Associated Oil Nov 64% 10 *97 16% $3.75 preferred V— Timken-Detroit Axle 10% 4%* Jan 64 % 10 99 X11 %: Products 20th 64% *55% Transue & Williams Steel No par Tri-Continental Corp common 1 Feb 24,000 72 Transcont'l & Western Air Dec 28% 161/4 4 9% 27% 72 % 27 16% % 2J% 16% 17% Feb Jun ?7% *119 10 EXCHANGE Feb 27% 11% ! Highest 6'A 27 % 45% NEW ,11 % 27% 71% .20% Feb * 2 7'A 16% $ per share share 27% 3,000 11% STOCKS Highest 27% 71% (J Ri L Lowest 10,500 12% ■*45% preferred Thomuson-Starrett Range Since Jan. 1 300 22% 27"% 100 Range for Previous Year 1949' 18% 22% 9% Avenue Transit Corp_No par Timken *17% 22% Trust— convertible $3.50 18% 22% 16% Oil 4% . 12% *17% 71% Ry Co Thompson 6 12% 18 22% *17% 55% Thompson , 12% 17% 22% 18 55% Fair tThird 12% 18 *17% 1 Thomas Steel Co 6 13 4. 3% Jan 38 19% Jan Jan 107 Va Jun 32% 4 12% 12% 22% 64% Thatcher Glass Mfg Co common5 $2.40 conv preference-. No par 17 56Tb - 2.A May 19% 24 24, 9 23% May 13% Feb 12% 2 2'A *97 5 certif'cates— conv 13V4 Jan 3 36% Jan 7 Vb A pi- 102% May 5% "Jan Oct 1 Jun 84% Jan 11 12% 22% 18 common—^.—__^_50c Inc $1.25 Land Pacific 37% Feb , 20 Jun Nov • 6% 41% Mar 14% Oct share & Tetion 12% 22»A 27% L_25 20'A Feb 48 12% 5,600 22% 17% 60% Sulphur Texas Feb 7,700 37% . .——10 Producing Co Gulf 17 Jun 16% 38 99% No par Gulf 731/2 Feb 33% 16 37% *98% 22% 9 - 3 36 16% *17% , —5 , Jan . 16 38 99'A ; (James) Co.— Texas 3' 16% ' 12% Corp J Corp t Tennessee 9 18 % Mar 16% 11% 37 18% Feb 15 Va Jan 16% 110% 3 69 16 11% 23 Dec 16% 36% 5A Jan Nov 16% *109% Talcott Inc Nov 16% 25 1 70% 3,600 *12% ■ 100 12% Feb 18% 32'A (The)__4.16% 9 Jun 32% 12% U% Jan Jun .30 32% 40 Dec 11A 99'A 32% 11% 17 27' 38 99% 32 40 7% Jan Jan 37% 99'A 32 16% Swift International Ltd 17 38 *98% 32 37% *98% 11% 3 500 32 381/4 991/4 40 5% Jan 200 1,400 32 37% 10% N9V 50% *50 32 *98% 40 Sylvania Elec Prod Inc com__No par $4 preferred No par Symington Gould Corp 1 200 4,000 32 10 1 51 7,200 19 99'A 50 ; 18% 38% IO1/4 ^ *50 26% 101% 19 38%- 59% 3 Dec *14 14'A 26 '101 26% 101 18% 32 20% 3 Nov ; *14 26% 101 99% x9% 10 6Tb July 14% . 25 Corp Shares 29 14% *59% 14% Mar 56 4% Mar 28% 14% xl9% 83% Jan 65 3 i 13 A 28 14% 14% 10% 23 % Feb Jun Jun 28 14% 30% 141/4 59% 9, Jun 16 Va 29 30% 14% 20% 3 74 13% 18 26% 3OV2 *14 10% 4 Jan Mar 48% , 29 "2 *29 , 59% Paper Co t : Jun 29% \ 20% Jan 12 A 2% 50% 25 19% Jan 24% Sep of preferred & 50% 10c Co California Sweets Co of America Swift 50 *50 " Sutherland 4%% 50 50% 12.50 ; Mining Superior 4 28 50% *50 25 Jan 7% 17 Va preferred series A Sunshine Jan 18% :__1 4%% . preferred series B Sunshine Biscuits Inc 41 26% 101% 18% / 100 10 110'% Feb '26% *100% 19 No par common Corp 15 224 26% 101% 18% 1 preferred Oil % 'jo 26% *100% 19 % No par Jan 27% 76% 41/2% 26% 101% 19% 19 for the Week 26% No par common 12% Feb 14 30% 4 A Corp 11% Feb 3 14% Chemical Sales Mar. 3 $ per share *100% 1 1 Friday Mar. 2 $ per share Sper share 26% —20 No par $4.50 series A preferred Sun Oil Co common 118% Jan 1 common preference share 101% 18% 5 Sun Oct 106% prior Thursday Mar. I 26% 15 „ $ per Wednesday 1 *100% ; 4 5 /_100 Co, Inc Stone & Webster 3 Dec 227 & 16 Feb Jun Pj 17 7% Mar Aug (J 10% Feb 16% 8% common preferred Sto'kley-Van Camp Inc 5'/o 1 97% Feb 36% 127 Ino 3 Dec 122 Stores No par 20 17% Jun 3 5 13 7 11% Jan 9 95 % Jan 13 8% Jan Sep 96 Feb 117 Oct 9% Jan Jan S Stewart-Warner Corp 24 Feb L Sterling Drug Inc 4 12% 161/2 Feb. 28 S per share PRICES SALE Tuesday Feb. 27 $ per share common—_19 preferred-—__50 (The) Bros 24% 100 Ohio Oil .of HIGH Monday Feb. J5 3%% preferred series A 100 Standard Steel Spring common 1 5 10 Standard AND Saturday . (963) RECORD LOW STOCK Par 1 X27 Jan YORK $ per share $ per share Jun Jun STOCK EXCHANGE 96% May 12 YORK CHRONICLE STOCKS Highest $ per share FINANCIAL 5 i 33'A 5 ■/,. 5 600 36% ' 103 9 9% % 230 1,300 33% 290 5 A / 2,700 1,700 u 8'/a 19% Jun 33% Jun 107 Jan 86 Vb Jan __ Aug —. — 10% 10% *10% 10% 10% 10% 42 Vb 42% 42% 42% 42% 42% 41% 42% 1,400 12% 12% 12 Vb 12% 12% 12% 12% 12% 12% 1,500 Paper Corp—No par 28% 28% 28 A 28% 28 A 28% 28 A 28% 28% 28% 281/4 28% 6,600 Union Bag & 9 Union Carbide & Carbon No par Un El Co of Mo pfd $4.50 ser__No par Preferred $3.70 series No par Jan 111% Feb 2 Jan 30 9OV4 Jan 103 10% 42% 12% 6 13 — 10 A 42 % 12% 29% Jan 13 94 10 43 12% Union 26% Jan 96 45% Jan 112% Mar 96 Jan 2 30 ___4 Corp Asbestos & 30 93% Mar 2 Preferred $3.50 Jan 24 104% Mar 1 Preferred $4 Rubber Co series Jun 32 % Sep 25% Feb 23 27% Jan 5 89 % Jan 82% Jan 25 881/2 Jan 9 Unicn Apr 51% Feb 50 9 52 Vb Feb 36% Jan 311/4 Jan 3 34 27 Dec 25 Vb Jan 13 20 Dec Vb-July Jan 1041/4 Jun 109V4 Oct 106% Jan 3 10'A Jun 14% Oct 13% Jan 25 61% Jan 85 % Oct 80% Feb 7 19% Feb 31% Dec 30'/a Jart 26 Jun 106 Vb Dec 106% Jan 3 4% Jun 9% Oct 8 Jan 3 29% Jun 38% Jan 34 Jan 29% Jan 40 Dec 40 A Jun 3% 40'A Jun 3% Dec 3% Jun 103 2 . 45 Jun 25 26 6,500 86% 87% 3,900 1.010 511/4 50% 51 Vb 31% 31% 31% 31% 1,600 27% 27% 27% 27% 12,400 *108 A 109 Vb 108% 108% 110 Jan 18 16% Feb 27 87 28 Feb 32% Jan 110 5 Feb 28 United United Biscuit $4.50 United 4 44Vb Jan 3 50 3% Jan 3 4 9 A Dec 8 Vb Jan 13 Jan Jan 11% Mar 78% Mar 12 3 United 3 United 3 60% Mar 19% Dec 17% Feb 17 191/4 Jan 11 Feb 26Tb Dec 261/4 Jan 27 29 Feb 21 141/2 Jan 2 12 3 Carbon 1% — Fastener. Corp United Gas 9 United Merch 3 United Paramount Dec 18% Feb 27 23% Jan 12 Dec 27% Jan 25 301/2 Jan 9 Mar 1021/4 Nov 101 Vb Jan 3 105 Jan 24 Jun 17% Jan 15 A Jan 26 17 Jan 4 116 Vb Dec 123% Mar 182% Jan 4 10 Vb Sep 8 V2 Jan 3 10% Mar 57 Jan 46% Jan 4 54Vb Jan 26 Vb Oct 189 Mar 1 Certificates U S 22% Feb 16 3% Jun 9% Dec 8% Jan 10 Jun 30% Dec 28 Vb Jan 11% Jan 16% Oct 15Va Jan 71/4 Jan 8% Apr 81/4 Jan 18 10 1st 7% preferred 9 U S Industrial U 9 1 3 18 Feb 4 8% Jan 9 38 Jun 49% Jan 41% Mar 3 49'/a Jan 52% Jan 72 Dec 70 5 72 Mar 3 S Leather Partic & U S Lines 4 Vb % U S U S conv Co 16'A 16% 87 *31% 31A 31% 31% 110 110 110 *84 *108% 16% 16 Vi 16% 87 87 8i 108 31% 110 31'A *108% 16 109% 210 16 Vb 16,200 89 500 31 31 900 *108 110 *83 % 8% 36 A 49 *8% 36% *48 % 31% 110 500 2,500 36 A 36% 36 A 36 A 36V4 36 Vb 47V2 47% 3% 47Vb 3% *47 Va 49V4 400 31/4 13.900 3A 3% 3% 8% *46% 48 % 10 A 81/4 36% 3 Vb 3% 8% 48 Vb 48% 10'A 8% 36% 3% 3% 8% 48 48% 10A 8% 36% 3% / * 8% 49 *47% : *8% 8% v 3A 48% 3% 49 *48 A 3% A 31/4 49 3% 3% 3% 3% 10% 10% 10% 10 % 10 Tb 76 49 3Tb 10% 3% 10 3% 49 *48 75 3% 50 530 3% 52,800 11 11% 6,700 73V2 75% 76 V2 78% 220 18 18 17% 18 17% 17Tb 17% 18 A I8V4 18% 18 18 A 3,900 42 42 42% 42% 42 Vb 42% 42% 42% 43 43 43 43 par 59% 59% 59'A 59% 59 59% 59% 59% 59% 601/4 59% 60% 12,200 17% 17% 17% 17% 17% 17 Vb 17% 17% 18 17% 181 b 34,900 13 % 28% 28% 28% 28% *75 class- A common Playing Card Co *75 75 76%: ' -17% 75% 28% 27% 28% 28 28 % 28 Va 1 13 13 12 % 13 12% 13 12% 12% X12% 20 20% 18% 20 18% 19 A 19 Vb 20 l 19% 20 18% 19% 18% 19% 19 29% 29'A 29% 29 Vb 28% 29 29 103% 103% *102% 104 103 103 16'A *15% 16 16 16 ' *16 118 *188 118% 189 118 *188% 104 *102 16 A *15% 120'A 119% 189 *188 Vb 120% 189 119 % com *188% 10 Vb 9% *50 50% 50 50 Vb 50% 50% *50% No par No par *23 % 23% 23% 23% 22% 22% 9A 9A 9 A 9A 9A 9 A No par 31 % 31% 31A 31% 31 l 17% 17% 16% 17% 16 5 _io common Foundry 78 —_1 *8A 8% 8 A 8A *8% 8% 42% 42% 42 A 42"! 8 71 71 5 100 preferred Pipe & 36 A *48% . 100 Chemicals Co *8% 20 common preferred 3 *31 *109 16 A 87 * 109Vb ' No par Machinery Feb 10 30% 110% 16% 89 *108 5 No par * preferred 4A% 25% Jan 32 A Feb Theatres interest of U S Hoffman 16% *87 110 No par Mfrs Inc Foreign Securities $4.50 10 15Vb & U S Freight Co U S Gypsum Co 2 3 Improvement Co & 16% 89 *108'A 10 Jan 30 Tb 30% *109 109 3,400 5 United Gas Corp 24 Feb No par United Engineering & Foundry United Fruit Co— No 23 18% No par United Electric Coal Cos_ 18% Feb 25 Vb No par Corp (The) without div 1 Dyewood Corp' common——! preferred 100 xl2% Mar 26 Jun 16 A *86 Carton Corp 10 Co J No par Sep Jun 19 10 common of America & '*108 100 Dec 19 Va 100 United Cig-Whelan Stores com—30c $3,50 convertible preferred _100 11 July 18% Mar 43% Jan Inc preferred Board Sep Mar preferred. Lines Air common 4%%-preferred 28 91/2 Jan Corp' convertible 5% Dec 25 Tb 87 X51% 3Vb 30. 23 X86A *104 27% 47 Vb page 25% 87% 32 United see 104% 26% 87 52% United-Carr footnotes *104% 104% 25% 87% 27% 13 For 104% 104% 26 Vb 86% 31% 11 Jan ' 52 % 53% Jan Apr 87% 28 Vb Dec 17% 26 86% 32 17 Oct 26 86% 5 2'A Feb 187 26 86% 27% 55% Jun 26 A 25% 25 31% Jun Jan 510 ~70 52 4 May 93% 28 A 13 6% 93 A 31% 16% Jan 43 104 93% 52 4OV4 Jan 175 104 103% 93% 27% Jan 23 104'A 103% 93 A 31% 49 Jan , 93 51% X44A . 103% *92% 31% 37 110 93 93 27% Jan Jun 93 , 52% Dec !x89 'A 19,600 101 31% 22% 94 *92% 112 Vb *97 27% 42% 12% 43% 112% 101 52% 17 2 43% 43% 112% *97 5 Aircraft 14 13% 43'A 112% 101 par Jun 9% Mar 43 Vb 113 % United 14% Aug 18 Vo *97 4% non-cumulative preferred—50 Union Tank Car Co__ No 34% 16 *112% 112% 101 10 25 16 x43 44 112% *97 50 common 43% 112% 100 24 Jan 64% Jan 43% 112% *97 Feb 3 Vb Feb Dec *97 28'A Feb Oct 70 RR Co 43% 112% 100 *111% *92% Union Oil of California— Jun 43% 10% . -No par series- 25 Vb 73A Pacific 43% 11 ' No par 48 30% 10 *42% ' Underwood 10 42 Nov 1 5 11 131/4 Jan Jan, Aug ; No par 44Vb Jan 3 Dec 96 (The) 3 31% 112 • Corp Jan 45% ■ Jan 94 Feb Co 20 10 *9% 43 *70 A. 9% 43 71 *9% 71 9% 9% 23 9% 28 Va 28V4 12% 12Tb 12% 8,000 20 19% 20% 30,900 19% 19% 20 19% 20 25,600 29 29 29 29 Vb 29 Vb *101% 103 *101 Vb 103 15% 16 15% 16 1,000 123 5,100 123% 120 189 189 Vb 1,000 10% 4,000 51Tb 23 22% 23 22% 23 9A 9A 3,100 3,600 31% 31 31 Vb 16% 16% 16% 16% *8i/a 8 Tb *8 Vb 8% 42% 42% 42% 30% 17 240 1,900 9% 8% 31 16% 90 188 Vb 51 9'A 3,700 9% 9% 51'A 9 Vb 8,300 *1S8V8 189 9% 511/4 9% 31 42 122 122 52 17 *8% 900 19% 31 8 . 7,700 100 41% 42 4,700 72 72 600 ■ 71 71 71 % *71 72 19 (964) COMMERCIAL THE Range for Previous * * Range Since Jan. 1 Highest $ per share S per 30 Dec 24% Jan 23 29% Jan 93% Not 95 Feb 20 96% Feb 20 43 Jan 37% Jan 3 Jan 126% Jan J 133 44% Feb 18 3%% 8c'o non-cum 1st preferred US Smelting Ref & Mln com 2 46% Oct 72 20 y4 Jun 26% 129% Jun 140% Jan 139 Jan 4 18 y2 Jan 22 Nov 21 Jan 4 22 Feb 21 38% Jan 44% 41% Jan 3 43 Jan 11 4y4 Feb 6% Sep Nov 6 Feb 24 87a Jun 11% NOV 10% Feb 11% Jan 10 United Stores $4.20 Apr 92 Dec 4 Jan , Feb 27 2 Dec 25% Jan 13 31% Mar 142 %. Feb 5V4 Jan 26 9 Jan 20 67% Jan 21 3. 7 ?o 11 Jan 26 7 4% Jan 11 Feb 27% Oct 25 Feb 14 27% Jan 9 12% Jun 17% Jan 15 Jan 3 Jan 11 3% Feb 19% Jan 2% Jun 9% 3 y4 Feb Sep 23 Jan 25 x25 Jan 16 170 Feb Dec 10 5G Mar 25 y2 Apr 7% Nov Jun 27 10 Feb 1374 Jan 20 Jan 25 20 y4 Feb 97 85 y2 Jan 98 Jun .*"'47 91 Jan 100 5 Jun ... Dec 33 V* 27 4Y\'/« Dec 99 10 10% '168 171 10% 10*/4 10% 56*% *55 22% 22% 22% 22% 974 974 ;• 9% 27 y4 •. 2674 27% 27% 27'%- ,, "26% 22%. 974 13% 1374^ 22 22%: 99% : - 99 .Mar 10 101 Vicks Shreve & Pacific Ry com„100 ■5% non-cumulative preferred 100 6 Feb "98% Victor Chemical Works common! 2 118 . 18 117 Jan "47 3% si • 14% Jan 23% July 20. Jan 17 122% Feb* 32% Jan 27% Jan 26 30% Mar 2 Nov 33% Apr :28% Feb 28 . 7 Dec 30% Feb 17 preferred loo Va-Carolina -Chemical com..—No par '6 Si div partic preferred __100 . s —_100 115% 25 37 Feb 8 28 .Jan 11 30 Mar 1 Mar 32 Apr 31 y4 Jan 11 34 Mar 3 45 Jun 60 y2 55% Feb 11 59% Feb 24 Wabash RR 4%Si 12 Jun 14 y2 Sep 13% Feb : 7 14% Jan 10 Waldorf System 25% Jun 31% Nov, 30% Jan 17 32% Feb 3 May 105% Jan 11 105 y4 Feb 17 Jan 13 7% Jan 4 Vlsklng Corp (The )—. Vulcan.Detinning Co common "98 74 7% • 21 115% *21 30% 29% ; *29% 99% 9974, 101 *98*% 7% 7% ,. 22 74.. 22% 1074 10 74 27% 13%, 28%. 1374 23'%, 24 74 ;i3% ,137 a 22*4 23% ,99 99 *99 y*. 9974 *99?% 101 . 101 *98*% 46 74 4574 99*% *98'% 99*4 *98(4 774 29% 30 - 1,700 8 91*% 93 917% 21% 21 2174 21 21% 21 11,100 93 21%, 29% 115% 115*4 115% 22 *21 *29*4 11674 22 29%, 30 2974 2874 29*% 37 37 '36 30 30 37 *37 37*/4 "29% 30 *29 y4 30 *29% 20 "33 34% *33 34 ya *33 34% . 11,500 ■ 99% 90 *21 1 1,100 3,000 4574 774 8%. 2,300 , . 88 74 115*% ■ 4,600 1074 2774 4674 ..774 40 " 2774 4674 ■■ 5,000 50 87 20 preferred "98% *46 2274 80 1074 "54*% 21 22 *29% *98*4 47 7% 115 */4 f 99% 101 22*/. 9% 700 700 170 10 10% 1,000 23% 87 < 2974 ; ■ *98% 7ya 85 37 5 47 21*/. 115*4 22 •98*% 99% - 7V+ '.'*84% 21 -293,4 25 31% Jan * 3 Api •« *98% ' * 47%.-- 29% 25 preferred 33% Oct 30% 10 F 47 84% ■• "21 99%, "98% "98% > 99% ■ .-7% "83% 20% Va Iron Coal & Coke 4% pfd Virginian Ry-Co common 7% -"98% • 101 47% 10 com $5 preferred...— 6 Si "98*2 5 • Virginia Elec & Power Co 10 26 _2.50 ; 170 56 3,400 5 23 y4, 171 10 56 3*% *474 23*% *168 56% *56 3'% er 474 "23 22 113% Jun < 9% 171 3% 3% 4% 23*% 1374 27 * - 4% *23 13% 21 y# Feb ' i: 5 23% 22 18% Jan, 18 30 16 13%- Dee Jun *1574 22 120 y2 16 13 y4 Jan 25 15% 2134 11 28 16 ' 11 23% Mar *153i 1 23 Jan 16 21% 49% Feb 10 6% Jan 27 115 27 -13% jJan 15% *25 13y4 8% Jan Jan 27 21% •98% Feb 10 27: Jan ' 2,500 1,300 97*% *25% 3% Vertientes-Camaguey Sugar Co_'_674 96% Jan , 22 " - 9% *95*% 27 Vlck Chemical Co 27 .< 21% •27% 220 6 3% 10% 57*/a 2iy2 98 102,700 1074 *25*4 "168 10 3« "9% '96 *574 10% 3% 9 79-. \ Jan 98 6 11 26% 3 Jan 11% *95 6 107b 14% Jan 118 .82% Jun 169 "56% "27 Va 42% 98 *4% 10% 10 42 3% 23 y4 57% 2.50 42 24 y4 Mar 3 20%:Jan 26 Jan Co 2,200 X42 6 5 10% Raalte Co Inc~L_— 1,900 21% 11 24 169 3174 140*% 21% G 16 "56% Norman Jan 170 3074 140 y8 "25 */4 1 Van v. 5 23% 69*% 21% li 3% _100 com preferred Vanadium Corp of America—No par 45 r 5'% 24 *68 42*% *42 5% 38 x21% "96 98 3% 133 10,900 21% li 16 Van 98 "96 15% 6 " Dec*- 574 31 140 2 1 74 li 1074 16 12 Jan 6 a '.8 "15% 23% Jan 11 98 V 57 140 J 40 27 170. 30y8 139% 42 y8 *25% 28%Feb * 42% 27 100 30% 42% —1 preferred Universal Pictures Co Inc , 31% 3% 10'% Jan >Jan 12 Va Jan "Oct Dec 85% Mar 8% 30% 30%, 42 V» 5 3,900 139%. 140% 30% "25% "23% 1,500 3774 68% 2 1 133% 37*% 37% *66% 2174 3% 133 */4 3774 68 y8 2174 99 133% 37% 50 3 9 < Nov "96 No par Universal Laboratories Inc 2 61% Jan 14 preferred convertible preferred 4374 *66% 22 10 42% 68 Yb 133 */4 3,900 97 43% 37% 133 Shares 27*% *95 97 42% 133 »/4 141 6 *95 43 3'7% 217e 10% 27% 27% "66% 140% 5% 10% 27% 132 3/4 43% "42% 2d pfd—5 non-c 37 "66% 22 22 97 42% $ per share 68 y4 30% 140y4 24% Feb 23 11% May 20 y« 11% Feb 1 * 30% 140% Universal Leaf Tobacco conn—No par 25 2 Mar Dec Jun 17 12% 64 30 »/4 No par 273% Sales for the Week t per share 37*/a 68% Universal-Cyclops Steel Corp 9 Feb 133 */a 37% 100 convertible $6 43% 37% non-cumulative 4% 42% 133 133 26% *95 Friday Mar. 3' Mar. 2 t per share 27% "95 Thursday Mar. 1 97 433% No par common 26% 43 "66% United Wall Paper Inc common Jan 161 Jan 7 43% 5% Jan 11 4% Feb Sep 16 Jun 25 y 170 Mar 156 95 43% 27% 1950 PRICES Wednesday t per share 98 50 preferred US Tobacco Co Tjo 2734 "95 50 preferred U S Steel Corp common 3< 21 80 100 7% 27% "132 preferred__25 United Stockyards Corp 1 37 t per share 98 "42% 100 Oct 66% Feb 40"% Jan 27% __10 33% Apr Feb. 28 "95 100 €2 Mar Tuesday Feb. 27 I per share 1 preferred series A US Rubber Co common 10 133% Mar Par US Plywood Corp common 3 Monday Feb. 25 1 Monday, March 6, HIGH SALE Saturday ; tper share share 19% May 31% Aug 112% Jun CHRONICLE LOW AND STOCK EXCHANGE 82 Apr YORK NEW Lowest Highest $ per share FINANCIAL STOCKS Year 194!) Lowest & *33 '21 22 30*4 36%.. 297. 3674 *21%. 30% 29 y4, 2974 115*4 116%, 3674 30 *2974 *33 340 1167422 30 1,500 29% 34*% ! 2974 s 1,900 3674 31 34% 30 2.900 39,400 3674.' 600 *29 74 34 31 10 < 34* 110 W 101 Jan Oct 103 31 Jun 33 Dec Jun Jun 9% 17% Dec 16 Jan 3 x87% Jun 101% Dec 97- Jan 16 9% Jan 16% Dec 13 y4 Feb 14 18% Jun 30% Dec 29% Jan 3 38% Feb 6 21 y4 6% Xl2 Jan 14 Jun 22"% Jan 23% Jun 25% Dec 11% Jun 14% Sep 16 y. Feb 24% 11% Apr 3% Jan 36% Mar 9% Jan 3 10 19% Feb 1 Jan 21 16% Jan 24 102 14 18% Jan 9 24y4 Jan 28 25% Feb 15 15% Jan 9 15y4 Feb Feb 27 Dec 20% Feb 21 24 17% Nov 14 Feb 14 16% Jan 7 6% Oct 5% Jan 3 6% Jan 12 xl3 Jan 11 Jan 24% Jan 13 27% Jan July 84% Dec 83 y2 Feb 28 85% Feb 8 Jun 23 Yb Jan 20 ya Jan 3 23% Jan 18 16% Sep Oct 19% Jan 13 23% Feb 25 78 27% Jun 22 y4 25% 4% preferred preferred Walker 59 *53 59 59 59 *14*% 14% *14 74 1474 14% 1474 *1474 14% 14'% 14% 200 3174 3174 3174 31% 3174 31% ri*% 31% 31% 3174 1,100 103*4 10374 100 G & W *34'% 8% Ward Baking Co common Dec 23% Jan 13 27% Feb 12 5 Wesson Oil>& Snowdrift 2.50 t per. share $ per share 8% Dec 7% Jan 13 Dec x39% Feb 16 44 % Feb 3 Feb 16% Deo 16 Jan 3 1974 Feb 21 Sep 33% Dec 31 Jan 3 35% Mar Jan 20 13 21% 2 Jun 30 Jan 28 Jun 70% Nuv 66y2 Jan 3 Jan 18 24 Dec 1974 Jan 13 23 y2 Jan 4 34% Jan 25 y« Jan 3 2774 Feb 4 May Jun 98% 3 33% Feb 73 9 33 Feb Jun Dec 30*/2 Jan 13 3474 Feb 23 104 2074 May 21% 102 - 9% Feb 24 Aug 103 y4 Jan 6 105% Feb 18 Jau 22 74 Feb 16 26*/2 Jan 6 2674 Mar Dec 115 4874 112 Feb 20 14 112 Feb 20 Jan 43% Feb July 23% Mar 89% Jan 81 Jan 3 89 Feb 28 32% Dec 30'% Jan 13 41 Feb 27 12% 16% Dec 15'% Jan 25 16% Jan 5 2974 Jun • 71 Jun 18% Dec 31 Jan 4 34 Dec 3374 Jan 12 34 Jan 9 14% Dec 12% Feb 15 1474 Feb 3 774 Jan 5'% Jan 3 Feb 20 51 */2 Jan 3274 Jan 2874 49% Feb 27 Feb 7'/a May 4% Jun Dec 36% Jan 7 9 26 55% Jan 5 Jun 12% Dec 12 V4 Jan 4 1374 Jan 31 70 Jun 7974 Nov 77'% Jan 5 82 Feb 27 10 Jun X42% 874 57% Jun Jan 13% 217b 15'% 1574 15% 574 574 574 574 5% 574 2674 2674 26% 10'% Jan 27 22 2374 2374 2374 23% 2274 2374 2274 23% 2274 23% 23 2374 20,600 2674 27 74 27% *11374 114% •10774' 109 *48'% *10974 49'% 111 2774 27% *113% • 49 49 40 109% 110 *10874 *10874 110 *10874 110*% 1474 15 1474 14% 14'% 3,300 . 111 4874 487% 800 10974 109% 50 4874 *109'% 48% 4874 *10974 111 AND HIGH Tuesday Feb. 27 f per share tper share 974 9*/a -- t per share 40% 1874 40% 4074 1874 19% *34'% 3474 3474 35% 3274 3274 4174 41*% 42 40 */4 4074 40*% 1874 1874 1874 1774 1 874 18 100 34 34 *32 *33'% 35 32% 32% 3274 33 70 70 7174 71 71 71% 500 20% 20% 2074 2074 2074 2074 2074 20% 3,200 27*4 2774 2674 27 26'% 2674 26% 26% 2674 2674 26 26% 10,600 33% 31,400 34'/a 3374 34% 33% *104*% 104% *10474 237/a 2374 *2374 *108 113 *108'% 113 *108% 33% 105 23% 113 *71 3374 3374 10474 10474 3374 10474 24 2374 ■108'% 113 *108*% - 113 49 4974 8774 87% 38 38 2,700 Jo 1674 4,500 4,000 4974 89 *87 89 3774 39 37% 38 38 16% 16% 16 16'/a 1574 16% 16 16'% 16 16 " 34% 34% 3474 *33% 34'% 12% 12% 1274 1274 l 674 6% 6*/4 6'% 6% 674 6% pfd series A No par *52*% 53% 5274 53*/4 52% 53% Wilson & Co Inc common No par 1274 No par *80*% 35 Nov 32% Jan 10 4974 July 48 Jan 3 11% Jun 18% Dec 17 Jan 13 X59% Feb 72 Oct 69% Jan 9 73 Feb 27 Prior preferred 4'/2% 65 Jun 76 Nov 74 Jan 4 7974 Feb 27 Prior 68 Feb 89 Dec 85 Jan 7 89 Jan 9 66 Feb 82 Dec 80 Jan 25 87. Mar Oct 10% Feb 16 13% Jan Co 1074 2274 *139 12% 82 1074 22% 142 1274 13 1274 *80'% 82 *80*% *10% 2274 10% *974 22% 22'% 142 *139 *139 12% 82 9% 2274 141 *34 52 % 1274 *80'4 *1074 2274 141 6,300 170 3474 3474 3474 3474 35'% 34% 34 34 34 34 13 1274 1374 13% 1374 2,800 674 674 6'% 6% 13,300 674 52% 1274 82 1074 2274 141 10 34% 3474 34% 35% 3574 35% 35 3574 10 Co 1,300 113 38% x48'% 87 */4 41 34'% 500 2374 89'% 4974 88 ' 10474 4974 49*/4 88 40 49% 34% Sep *108 74 600 4874 49% 88 40% 49 1274 Jun 2374 32*% *87'% 49 »/4 88 39% 3474 44 3374 5104 2374 *33*% 22 3274 *70 34 104% 2374 20 10 1,100 70 32% 2474 10 1,600 35 2174 32 *4 10474 100 14,700 21 3374 com *34 8,600 19'% *69 *23*% . 41 1874 68% *104% preferred ; Shares 974 41'% 21 % 33% 100 $4.25 preferred 974 6874 12% common Sales for the Weekr 21% 12.50 No par 20 t per share 974 12% (F W) Mar. S 97a 18*% 35 Friday Mar. 2 974 34% Iron Thursday S per share 9'% 3474 Wool worth 48% 111 9 74 1274 Woodward *109'% 1474 974 9% 34% 6% 4874 49'% 111 Mar. 1 41*% 100 1474 t per share 10 No par 14% Wednesday 100 *34 110 2674 SALE PRICES Feb. 28 *33% Wisconsin Elec Power Co 3 114'% *10874 Monday 974 White Sewing Machine common—1 Prior preference 20 Wilcox Oil Co 5 Wilson-Jones Co 28 15,700 *113 110'% 1 11 Feb 27 Ve 11374 No par 25 51 27% 113% *10874 2774 Saturday 1' 11% Jan 3574 Feb 2674 *11374 11474 *10874 110 *108% 15% *109y» 27% 11474 10874 27 109% 1574 530 3,000 10874 109 *10874 4,300 *11374 114% no7y2 2674 2674 Feb. 25 (The S S) 3 300 84 $5 conv prior preference—No par 31 2,600 2674 1 Wheeling & Lake Erie Ry Wheeling Steel Corp com 197% Jan 1,000 5% 2174 100 3.80Si preferred series B Weston Electric Instrument 139'% Jan 15% 574 ' 84 100 Westinghouse Air Brake Westinghouse Electric com Dec 11 574 27 pfd com Willys-Overland Motors *1574 1574 84% Preferred series A 100 Western Union Teleg class A.No par Nov Jan ■ 2174 preferred. 140 141 1574, 21 4 2274 Feb 6 300 *20'% 8474 LOW Jan Jan 1574 21 2174 STOCK 128 14% 21 84 74 Western Auto Supply Co Western Maryland Ry com conv 3,800 2,000 2174 Western Air Lines Inc $4.50 1374 8374 Par White Dental Mfg White Motor Co 25'% 13% 2174 100 Western Pacific RR 1674 25% 8474 preferred 2nd *21 2174 574 1574 non-cum *21 21% 15'% *1574 4Si 16% 13'% 22'% 4 per share 41% 5374 26 74 EXCHANGE Feb 1674 25% 1374 5% West Virginia Coal & Coke 5 West Va Pulp & Paper com__No par NEW YORK 1674 *25 1374 1574 109% Highest 1674 25'% 1374 21% 15% *10874 Range Since Jan. 1 Lowest Highest 32% May 21 '21 21% STOCKS Year 1949 8% 13% 2,200 83% preferred series B preferred series C Range for Previous 16 *25 1674 _100 4% Si 36 22 4.lOSi 3 36 22'% 7 14 36'% 2674 108% Jan Jan 3574 8474 13 Feb 3574 3,700 2174 107% Jan 51 27,500 26'% Dec 110 440 1374 13% 84% 108 4 18% 101'% 13'% 8474 Power 4V2V0 Jan 18 101 13 74 101 26% Electric Co com__No par Jan 18% 101'% 1374 2274 4.20% 46 1874 101'% 84% West Penn 108 6,300 22*4 West Penn 18 7,400 8'% 1 7 4 23 36'% 8% 35'% 25 13% 3474 8% No par com $4 convertible preferred West Indies Sugar Corp West Kentucky Coal Co 25 5 1674 25 13*% 5% 24 t per share 17 25'% 15:% Feb Lowest 1674 *25 xl3 60 3474 , 101'/a 36 1374 1 114 13% Jan *3574 18% 103 Xl3% 13% 2574 !_5 Inc 109% Feb 17% Jan 50% Dec 36'% 18 17% 101 *1374 21 */2 18 Jan 17'% 1374 *25 5 28 108V2 17 YB 1774 10074 14 y. 36*% 36% 18 y4 100'/a 103 300 60 ' lliy8 Jan Feb 8'% 1374 *58'% 10474 3474 8% "18 108% Feb 16 3474 874 100 Jan ,• 34 74 8% 18% 3 Wayne Knitting Mills Wayne Pump Co Tobacco 34% P*4 100 14% No par Webster 3474 18'% Washington Gas Light Co Waukesha Motor Co *103 8% 1374 *36 105 3474 9974 No par *10374 b 1 Warren Foundry & Pipe Warren Petroleum Corp 105 59'% 59 74 874 100 Nov May 34 3 __5 5 % % preferred Warner Bros Pictures 108% 35%. Jun *103*/4 3474 8% 115 104 104 No par Sep Dec 104 No par Co Apr 12% 59 14% 3174 104% 101% May 59% *31% 107 14% Jan *59 *14 Ya No par . ; (Hiram) Walworth 100 No par common * 16% xl9% Walgreen Co 4974 50 4974 5074 49 74 50'% 49% 50 5274 53 1274 1274 *8074 10% 2274 *141 *34'% 50 82 11 2274 143% 200 52% 52'/a 1,400 1274 1274 4,100 *80'% 11 2274 "141 82 11 2274 900 5,300 10 143% 35 35 35 3,400 50'% 50'/a 50% 6,200 19% 6,500 Worthington Pump & Machinery X1974 Feb 24 3 8% Feb 1274 19% Jun 30% Dec Jan 13 Jun 1274 Jan 10% Feb 10 30% May 39'% Jan 36% Mar 3 40' Jan 23 26 y2 Jan 4 31 Feb 9 8 27 16% Jun 2874 Nov 53% Jun 7774 Dec 72% Jan 13 10 Ys Jun 1474 Jan 11% Jan 33% Dec 474 Oct 2074 July 374 Feb •Bid dlvldend. and y asked prices; 30 Feb 12% Feb 28 14 3 8174 Mar 3 3 15'% Feb 9 31% Jan 13 52% Feb 474 Jan 6 no Ex-rlghts. sales on , 6 Feb thig day. Common Wright Aeronautical Wrigley (Wm) Jr (Del) Wyandotte Worsted Co Yale & Tcwne 18% *1874 72 73 7274 73 71 71 *71'% 73 79'% 79% 79% 7974 78 7974 *78 79 79 88 85 85 *84 86 86 87 2,700 1174 1174* 2,000 29% 2,100 14 Zenith 24 Zorrite Products 89 *85 19 88'% '85 19'% 88 *85 83*4 83% *83 84 84 84% 84 84'% 35 11% 11% *11% 11% 11% 11% 11% 11% 25 29(4 29% 29 74 29% 29 29 28% 2874 18% 1174 Mfg Co 28% 2874 1874 *71% 29 73 180 79 640 120 85% 1 11% 11% 117 a 1174 11% 1174 11% 1174 1174 1174 11% 1174 50 38% 38% *3774 38'% 38 38 3774 3774 ?7 37'% 3674 3674 900 par 29% 30 x28% 28% 28% 28% 28% 29 2974 2974 2974 30'% 5,300 par 78% 79% 79% 78% 79%-". 78% 7974 7974 7974 79% 81% 13,100 par 14% 14% X14*4 14'% 14% 14'% 1474 1474 1474 1474 1474 1474 2,000 No par 4734 48% 47% 48 46% 47'% 46% 47'% 4G54 4774 47% 9,000 1 Corp 574 574 574 574 574 0°/8 5% 574 9,500 Ccrp petition '87 19% 5 Young (L A) Spring & Wire_No Youngstown Sheet & Tube No Youngstown Steel Door No tin receivership, or 18'% 71% 79% 19% No par convertible preferred Radio 1974 71 79% No par York Corp common 4'%% 19'% 100 100 No par series j>fd 4'/2% conv series has been filed for 6 company's 79 574 5% reorganization, a Deferred delivery, r Cash sale, s Special sales, 47 574 wd When distributed, 3,300 x Ex- Number 4887 Volume 171 COMMERCIAL THE Bond Record italic letters in the column FINANCIAL CHRONICLE (965) New York Stock Exchange «» FRIDAY The & WEEKLY - YEARLY - bonds mature. "Interest Period" indicate In each case the month when the headed Figures after decimal point represent one or more 32d of a point. SALE PRICES LOW AND HIGH Bange for Preyious GOVERNMENT Range Since Jan. 1 Year 1049 Lowest Highest Lowest Highest 103.28 Dec 103.28 Jan 108.13 Jan Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury 110.23 Mar 102,31 Jan 102.31 Jan 104.9 Feb 104.9 Feb 102.1 Mar 104.15 103.8 July 103.8 101.12 Feb Oct July 101.13 Jun Aug 101.7 Feb 103.2 100.18 Jan 103.19 Dec 100.28 103- Jun 102.23 Feb 24 :•-102.23 Feb 24 Aug 102.30 Feb 100.13 Jan 102.30 Sep 102.18 Feb 1 100.17 Feb 101.3 Jun 102.15 Jan 3i 105.4 3s 2%g— 2%s 2%s 2%s 2%s__ 2%a 2%S—, 2%s 2%a 2%s 2%s 2%#. Treasury Treasury Treasury Treasury Treasury Treasury 2%t 2%s 2%s 2%s 2y4s 2 y4x Treasury 110.23 Mar 2Mis 2 Vis 2y4s 2y4s Aug Treasury Treasury Treasury 102.18 Feb 103.9 Jan ^Treasury Treasury 101.8 Jan 101.8 101.18 Feb Low 101.18 Feb Jan Treasury Treasury Treasury Treasury Treasury Treasury 1951-1959 1955-1960 >1951-1954 Feb. 28 Low High High Low Low High Sales for Friday Mar. 2 Mar. 1 the Week Mar. 3 Low High' High Bonds($) 103.10 *103.9 103.11 *103.9 103.11 *103.9 103.11 *103.8 103.10 *103.8 103.10 *103.8 *108.25 108.28 *108.25 108.28 *108.25 108.28 *108.25 108.28 *108.24 108.27 *108.23 108.26 102.13 102.14 *102.12 102.14 *102.12 102.14 *102.11 102.13 *102.11 102.13 *102.11 *110.8 110.11 *110.8 110.11 *110.8 110.11 *110.10 110.13 *110.9 110.12 *110.9 110.12 *111.26 111.29 *111.26 111.29 *111.26 111.29 *111.25 111.28 *111.25 111.28 *111.25 111.28 *113.26 113.29 *113.26 113.29 *113.26 113.29 *113.26 113.29 *113.26 113.29 *113.26 113.29 101.1 *109.31 101.1 *100.30 101 *100.30 101 *100.29 100.31 *102.12 1956-1959 1958-1963 .1960-1965 1950-1952 2yas Low High Thursday Wednesday Tuesday Feb.27 Feb. 25 EXCHANGE Dec 108.13 Monday Saturday BONDS NEW YOBK STOCK *100.31 101.1 *100.31 1952-1954 *102.12 102.14 *102.12 102.14 *102 lk 102.14 *102.13 102.15 *102.13 102.15 *102,13 102.15 .1956-1958 *105.15 105.17 *105.15 105.17 *105.16 105.18 *105.17 105.19 *105.17 105,19 *105.16 105.18 1062-1967 *104.13 104.20 *104,18 104.20 *104.18 104.20 *104.17 104.19 *104.17 104.19 *104.15 104 *103.30 104 *103.28 103.30 . 104,17 .1963-1968 *103.30 104 *103.31 104.1 *103.31 104.1 *103.30 1964-1969 *103.17 103.19 *103.18 103.20 *103.18 103.20 *103.17 103.19 *103.17 103.19 *103.15 103.17 103.15 *103.13 103.15 *103.12 103.14 *103.12 103.14 *103.10 103.12 103.9 Jun . 1964-1969 *103.12 103.14 1965-1970 *103.9 103.11 *103.10 103.12 *103.10 103.12 *103.9 103.11 *103.9 103.11 *103.7 1968-1971 Dec *103.13 *103.7 103.9 *103.8 103.10 *103.8 103.10 *103.7 103.9 *103.7 103.9 *103.5 103.7 Jun 1967-1972 *102.22 102.24 *102.22 102.24 *102.22 102.24 *102.22 102.24 *102.21 102.23 *102.20 102.22 Sep 1967-1972 *105.1 105.3 *105.2 105.4 *105.4 105.6 *105.6 105.8 *105.5 105.7 *105.4 105.6 Dec 1967-1972 *102.22 102.24 *102.22 102.24 *102.22 102.24 *102.22 102.24 *102.21 102.23 *102.20 102.22 *102.12 102.14 *102.11 102.13 *102.11 102.13 *10X11 102.13 *102.2 102.4 *102.2 102.4 *102.2 102.4 *102.2 102.4 *105.3 105.6 *105.3 105.6 104.17 *104,13 104.15 1951-1953 *102.12 102.14 *102.12 102.14 1952-1955 *102.2 102.4 *102.2 102.4 1954-1956 *105.3 105.6 *105.3 105.6 *105.3 105.6 *105.4 105.7 1956-1959 *104.13 104.15 *104.13 104.15 *104.14 104.16 *104.15 104.17 1959-1962 1959-1962 *102.9 102.11 *102.8 102.10 *102.8 102.10 *102.7 102.9 *102.6 102.8 *102.2 102.4 *102.7 102.9 *102.6 102.8 *102.6 102.8 *102.5 102.7 *102.4 102.6 *102 102.2 2s Mar 1950-1952 *100.1 2s Sep 1950-1952 *100.19 100.21 *100.19 100.21 *100.18 100.20 *100.18 100.20 *100.18 100.20 *100.18 100.20 1951-1953 *101.5 101.7 *101.5 101.7 *101.4 101.6 *101.4 101.6 *101.4 101.6 *101.4 101.6 Jun Dec 2s. ? *100 *100.1 *100.1 — *104.15 *100 *100 1951-1955 *101.10 101.12 *101.10 101.12 *101.10 101.12 *101.10 101.12 *101.10 101.12 ♦101.10 101.12 2s Jun 1952-1954 *101.17 101.19 *101.17 101.19 *101.17 101.19 *101.17 101.19 *101.17 101.19 *101.17 101.19 2s Dec 1952-1954 *101.26 101.28 *101.26 101.28 *101.26 101.28 *101.26 101.28 *101.26 101.28 ♦101.26 1953-1955 2s 103.15 *103.12 103.15 *103.12 103.15 *103.11 103.14 *103.10 103.13 *103.10 103.13 *100.9 100.11 *100.9 100.11 *100.9 100.11 *100.9 100.11 *100.8 100.10 *100.8 100.10 1972 Bank International 101.28 *103.12 1950 2s 1%8 *103.6 103.10 *103.6 103.10 *103.6 103.10 *103.6 103.10 *103.6 103.10 *103.6 103.10 for Reconstruction & Development 99.11 Jan ♦Bid 103.16 asked and Dec 103.7 price. No Feb sales 103.18 Jan 16 transacted this 9 day. 25-year 3s JCalled for redemption: Treasury 2s March RANGE Friday BONDS Interest Period New York Stock Exchange Last Sale Price WEEK ENDED March MARCH 15 at 100. a Odd lot transaction, r Registered bond transaction. 3 Friday Week's Range or Friday's Bid & Asked Low New York FOR 1950-52, High Bonds Rang* Since BONDS Interest Last Jan. i New York Stock Exchange Period Sale Price Sold No. Low 1083a 10933 Friday's or 3%s series No. 15 3 % Corporate Stock 1980 109 Va 109% June-Dec 49 June-Dec June-Dec June-Dec June-Dec *65% 33/4S series No. 17 3%s series No. 18__ June-Dec June-Dec June-Dec *65% 33/4S series No. 25_. June-Dec *89 $ ■' 120 Teletype Broadway, New York NY 1-1693 Foreign Government and Municipal Agricultural Mortgage Bank (Colombia) — § AGuaranteed sinking fund 6s 1947 Feb-Aug —April-Oct (Kingdom of Norway) 4s 1968 Mar-Sept SAAntloqula (Dept) collateral 7s A 1945 Jan-July § AExternal sinking fund 7s ser B 1945—Jan-JMZy § AExternal sinking fund 7s ser C 1945—Jan-July SAExternal sinking fund 7s ser D 1945_Jan-July AExternal sinking fund 7s 1st ser 1957—April-Oct *73 66 AGuaranteed sinking fund 6s 1948 *73 Akershus AExternal sec sink fund 7s 2nd ser AExternal sec sink fund 7s 3rd ser 80-year 3s s f $ bonds 1978 10-year 3V»s 1956—— 10-year 3 Vis 1957 reduced to s f reduced AExternal s to f A 52 Vi 47 49 52 Vi *51 Vi 51 Va — — 39 — 46 Va 51 V'a U 46 y2 49% 35 39 115 48 103 V* 104 »i 103% 103 Ms 50 102 103 Va 97 97 47 94 Va 97 Vi 96% 97 97 16 94 Vi 97 92% 92% 92 Vi 22 93 22 92% 31 106'/2 15 11G 116Va 7 81 Vi 91'/a 93% 106 June-Dec 81 Vi 8 Hi 1 88% April-Oct *58'/a April-Ocf (interest 89% 115 y3 75 92% 107 Va , " 116% 81 Vi 76 55% 60 76 1 73 56 V'a 57 10 53 1 73 53 55% 56 ya 82 81 82 6 76 e61 e61 6 57 57% 1979 April-Ocf (Plan B) June-Dec 54'/a 69 June-Dec 55 y2 5 51 Vi 69 4 67 Vi *66% 70 69 66% 69 12 65 Vi 69 67 y4 66% 67 y4 12 65 V'a 101 Va 103 Va 101 h 39 102% 107 Vi 107% 102 % 101% 20 107 107% 102'/a 102% 22 102 Vi 103 *58 __ 6 35 May-Nou 40 40 1 36% May -Nov 30'/a 30 V« 2 28 Va 30 Va 40 1 36% 40 30 Vi 3 28% 30 Vi , 40 30 Va *39 30 A AChile Mortgage Bank 6'As A6%s assented 1957 40 29% — — „ 30'A 30 Vi 40 28% 31 13 * ' 4 30 Vi 40 1 30 Vi 28 40 28 Va. 30 39 40 29% 30'/« 29% 2 28% 29% 29 Va 30'a 241 26% 40 30 % 30 Vi June-Dec 40 40 30 Vi April-Oct *29% *39 — For 40 28% 30 Va 40 1 37% 40 30% 3 28% 30 Vi - 29% 40 30 >/4 39 30 36% 30 Vi ■ 36% 4 29'"a 40 1 65% 66 Vi 3%s series No. 7 : e67 e67 65% e67 June-Dec *67 33/46 series No. 8 June-Dec *69 June-Dec 69 3%s series No. 10 June-Dec *69 33/4S series No. 11 June-Dec 65% 33/4s series No. 12 June-Dec *66 y2 33/48 series No. 13 June-Dec 68 68 3%s series No. 14- June-Dec 65 y4 65% 73 66 Vi 23% 30 yB 1 39 40 1 28% 30 Vi SECURITIES FIRM TRADING MARKETS r-.AEL MARgS & r.O- £j£ FOREIGN SECURITIES SPECIALISTS — —— 69 4 67% 69 y2 69 ya 69 V? 67'/a 691 63 Va 65% 66 67 1 66 Va 68 4 63 V'a 65 % 74 y4 65% 2 — — 50 Broad St., New York 4, N. Y. a Telephone HAnover 2-0050 40 28% - - ■ 39 , - Financial Institutions FOREIGN 30 Va 1 2 40 .30 Va *39 April-Oct Mar-Sepf Mar-Sepf - *29% June-Dec AGuaranteed sinking fund 6s 1962 May-Nov A 6s assented 1962——————Afay-Nov 7s I960—. 30 Vi 36% — *39 Afay-Nov Afay-Nov June-Dec 6%s assented 1961AGuaranteed sinking fund 6s 1961 A 6s assented 1961 39 1 31 36% 28% 40 40 June-Dec 1957 40 13 30Vi 1993—June-Dec 39 ' Feb-Aug fund 6s Sept 1961 Mar-Sepf A6s assented Sept 1961 —-—Mar-Sepf AExternal sinking fund 6s 1962_, April-Ocf A 6s assented 1962— ; April-Ocf A6s assented 1963- 39 35 4 25 39 1961—Jan-July AExternal sinking fund 6s 1963- 101 y8 101 8 39 101% 101% 38 % 67 Vi 3%s series No. 9 4 103 Va 69 June-Dec —June-Dec 25. 102% 101 ^ 101% AExternal sinking 54 Va 69 June-Dec , -page 65, 103% — 3%s series No. 5— see 65 101 Va - 82 June-Dec a 33As series No. 3 footnotes 103 y8 —Jan-July Extl sink fund dollar bonds 2-3s 66 66 - 3 — Feb-Aug 1961—- 56 Va 56 Vi June-Dec 3%s series No. 2 For - ■ (Interest 33/4S series No. 1 33/4S series No. 4 assented Jan -4. 7 —— 76 19 April-Oct funding bonds of 1931 due 1951. Stamped pursuant to Plan A (interest 3.375%) A 6s 65 __ ■ *66 Va April-Oct ARy external sinking fund 6s Jan 66 65 . —«i 103% 103% April-Oct 1961 64 Va __ 57 75'/a 5% reduced to *65% AExternal sinking fund 6s Feb A6s assented Feb 1961 64% 66 76 60 75 Va A7s External dollar bonds of 1944 June-Dec AChilean Consol Municipal A7s assented 1960 1957 April-Ocf (interest 1979 (Central Ry) 1952 J Stamped pursuant to Plan A reduced 3.5%) 1978 66 ASinking fund 6%s 1961- 93 90 106 93% June-Dec due 68 65 Vi AExternal sinking fund 6s 1960 A6s assented 1960 66 64 2 . * 3 51'/a *51 Vi 38 10 (interest 1979 Stamped pursuant to Plan A reduced to 3.375% ) 46 Va 52 June-Dec 1941 to Plan 1927 51 Jan-July 3.5%) 1978 6y2s of 1926 due 1957 3.375%) 46 Va 2 51% 103 Vi 104 Feb-Aug 6%s of 51 *51',4 June-Dec Stamped pursuant 51% 46 V* 51% June-Dec External sinking fund 7s 1955 AExternal 46 Vi *51% 103'A 6s 1955 *66% *65% . June-Dec 8s 94 Vi 103 '/4 -Feb-Augr Stamped pursuant to Plan A 71 y4 Jan-July * JABrazil (U S of) external ■ June-Dec 20-year 3 Vis 1967 20-year 3 Vis 1966 15-year 3%s 1962— Belgium (Kingdom of) 7H/4 93% - *94% 1957_April-Ocf 1957-April-Ocf Jan-July Antwerp (City) external 5s 1958 Australia (Commonwealth) 5s 1955 June-Dec SAChile (Republic) external s f 7s 1942 § A7s assented 1942 70 __ 66 Brisbane Members New York Stock Exchange 66 '67 63 Va *66 Va 3%s series No. 30 Telephone u- 66 3%s series No. 29. REctor 2-2300 . 70 65% — June-Dec June-Dec June-Dec (City) sinking fund 5s 1957 Mar-Sept Sinking fund gold 5s 1958 Feb-Aug Sinking fund gold 6s 1950-. June-Dec Caldas (Dept of) 30-yr 3s s f $ bonds 1978-Jan-July Canada (Dominion of) 4s 1960 April-Ocf 25-year 3 Vis 1961 Jan-July 25-year 2%s 1974 Mar-Sept ACarlsbad (City) 8s 1954 Jan-July Cauca Val (Dept of) 30-yr 3s s f $ bds 1978-Jan-JuIy 66 66 67 ■ 3%s series No. 26 Wertheim & Co. 66 64% M f' 33/4S series No. 27 3%s series No. 28 1 High 65 y» 10 *65% 3%s series No. 24 Foreign Securities . 65 1 66 .66,- 3%s series No. 23 4-*^ 64% —— 66 33/4S series No. 22 / V 8 • 66 *67 -v-,* Low 69 June-Dec June-Dec 3%s series No. 20 Jan No. 66 *66 June-Dec 3%s series No. 19 3 y*s series No. 21- Range Since Sold High 65 Vi 33/48 series No. 16 Transit Unification Issue— Bonds ' Bid & Asked Low High City Week's Range - Teletype NY I -971 21 22 (966) THE COMMERCIAL & FINANCIAL CHRONICLE > Monday, March 6, 1950 NEW YORK BOND RECORD RANGE Friday BONDS Last Period Sale Price or Friday's Bid & Asked Low AChinese (Hukuang Ry) Colombia (Republic oft A 6s Of 1928 Oct A6s of 1927 1961 Low New York Stock __ 78% San 5% 89% 47% 89% 48'/a 47% Serbs Croats & 27 77% 86 16 72% 87 56 19% Stamped 25% 110 5 109 (Dept of)— 30-year 3s sinking fund $ bonds 1978—Jan-July Czechoslovakia (State) — Stamped assented (interest reduced to 6%) -extended to 1960 April-Ocf §ADenmark 20-year external 6s 1942 External gold 5%s 1955 Jan-June 114 A4%s (Republic of) 3 50 57 3%-4-4%s 99 63 90% 99 External 95 96 49 85 Va 96 90% 90-% 91% 58 75%. 92 % f s dollar bonds Jan 1976 1 — . 60 52 15 11% 11% 10% —, „ 75 .59 50 — Free Italian State extl (Republic) sink extl fund f s 5s l-3s — 10,4 10%. —Feb-Aug — 10% 9 % -April-Oct — : — 1960—May-Nov 1977 . 41 Jan-July Italian Credit Consortium for Public Works 1% to 5A7s 3% 1977 series B Italian Public Mar-Sept — Jan-July 1947 *10% 73%; 55'A 60 49Va, , Valle 76 52 7s 1% 33 - 1977 ..Jan-July Altaly (Kingdom of) 7s 1951. .June-Dec 67% (State Mtge Bank) 7s 1957—-April-Oct (Colombia) 6%s 1954— June-Dec 30-year 3s s f $ bonds 1978 Jan-July 51% AJugoslavia Metropolitan Wgter Board 5%s Sewerage & Drainage April-Oct 1950 Mexican Irrigation— 5A4%s assented (1922 agreement) A4%s small 1943 ... ANew See — assented (1942 64 62% , 64'A — 69 40% (Republic of) 59 39% — 38 61 62 37%, ; 41% 41% 1 39% 43 61 67% " *12% 51% ~i 67%. 12% - 71 62 12%. — ., 38% 52 3 ■- , 52 18 35 6 39 100 . - 51b — 13 6 deductions A4s 8A4s new of assented agreement) '2%s assented 1910 ment) to debentures 1945 (1942 agree't) ASmall — 1 A6s , new 10 11 (City of) Mlnas Geraes ASecured extl Stamped 6%s (State) to agree't) ; 11% 11% 10 -- Plan to Plan reduced to 2.125%) Mar-Sept to f s f s 6s A4%s assented B 12 stamped reduced to 2%) Stamped pursuant to 6%s Plan 35% 33 Plan 341 96% pursuant Stamped pursuant to Plan reduced to 2.5%) 1999 see and 96% 93 93 4 92 93 6 98 99 Va 95 95% — — — — *35% 32 98 98% *95% 100 69 1 33% 96% 99 95% „ 3'io page 25. 104% 70 103% 104% 105 Va 105'A 19 105 Va 105% 78';. 78% 6 76 Va 78% 82 82 5 80 82'/a 127 131% ApriZ-Oct Fe— April-Ocf Plan 98% %; 1 128Va 128% May-Nop 1952„Mar-Sept 4 <• 103 119% 120 Va 103% *103% 104 __ 104% 103% 104 : 102% 104 % 104% 29 102% 105 102'A 102% —' Jan-July 31 104 % __ June-Dec 1966 36 119% 119% 101 % 5 102% 102% Toledo — 90% — — *102 90 103 90% 36 103 *44 4s 1995 *33 „ __ 26 34 Creek 26% 6 — Consol '44 Consol „ Boston & — ~8% ~8% 14% 15% *8% __ *10% — 8% 10% 8 12 8% 9% 5 7% __ *34% *32% 9 1980 mortgage April-Oct 1968 June-Dec (interest May-Nop June-Dec ref M 4s series 10 9 Va refunding 4s 1951 1951.. 60 65% 71% 71'A 71% 51% 52 86'A 85% 69 80 10 69% 74% 174 49'A 53% 86 % 37 85% 89% 68 69 21 68 71% 80 80'A 79'% 81% 91% May-Now A, first 3V2S v Jan-July Jan-July 1951-—Apn'Z-Oct 91%. *__ . 1 91V2 *100'A __ 4 — j 121'A 121% 99% 90 90 — 2 99% 5 100 % 121% 99 Va 93 93 100% 122'/a 99% 104 104 19 104 105 101% Jan-July May-ZVou Jan-July • • , 101 % 101% 22 100% 101% 101 % 101% 101% 2 101 101% 104'A 104 % 7 104 105 „ RR— (Ernesto) Mar-Sept Co 7s 1954— *82 May -Nov April-Oct *102% .. modified Co 4!/2S first May-Nov April-Oct 1952. 98 % , 81 83 102 — 102% 90 72 V2 73% 32 72% 78 50 Va 72 'A 51% Feb-Aug 1957— 4s *._ . 51>/2 32 49% 56% *59 *104 * General Terminal 44 Corp— Maine Stamped 105 103Va 66'A 104% 105% 104% 105 Va 105% 101 Va 102 102% 103% ~3 103 Va 103 Va U 67% 26 63 101% 101% 65% 69 50% 52% 37% 46 44% 32 34% California 54 California Oregon Power 3%s 1974.— Canada Southern consol gtd 5s A 1962 Canadian National Ry— 2 102 99 100 9 98 100 April-Oct 106 106 106 5 106 106 103% 105 104% 104% 102% 103% 87 100 104% 102% 46 34% 102 99 39 46 102 Jan-July 37% Consolidated Bush 1955 5s Terminal ... Buildings 5s gtd 1960 C . *54 54 — — *41% 38 Va 41% *44% 43% f 44% Electric Guaranteed Power gold 4%s first _ *31% 49% gold 4%s gold Guaranteed gold *34% 36 31% 31% 49% 48% 49% Canadian 38 34% 34% __ _. *33% 59% 37 34 34 59% 59 Va 61V *69 *58 *55 60 57 57 „ series A 4s conv lnc debs 60 56 56 75 75 68 75 *__ 90 87 87 (interest 71% — Jan-July 115% 115% 115% 19 115% 116Va 113% 113% 113% 17 J. 13% 114'/a 113% 113% 113% 14 113% 114 Mar-Sept 104Va 104 Va 104% 15 104'/a 105 Jan-July 102'A 102 Va 102% 131 100% 103% Mar-Sept Mar-Sept Mar-Sepf 71% 67% 71%. (perpetual) series B 1960 4s 1965., Ry— 83% 102 Va AGen AGen mortgage guaranteed 4s 1981 Corp 3s debentures 1965 Corp 3%s debentures 1960 mortgage 4V2S series mortgage 4V2s series General N mortgage 102 84% 106 *106% 108 June-Dec *58% .April-Ocf 83 75 — A Jan 1 74 85% 83 106% 108 107 Jan.l 2020—.May *101% *66% 59% 103 % 104 Va 100 Va 100% — *89 65 58 11 -- *101 2020—May B 64 103% 103 % Feb-Auy 3%s debentures (1947 issue) 1960 Feb-Auy JACentral Branch U P first gold 4s 1948..June-Dec Central of Georgia Ry— ' First mortgage series A 1995 Jan-July • 83%' , Celanese Central RR Co of „ *104% 103 ..June-Dec 1960 Carolina Clinchfield & Oho Celotex A ... .April-Oct ...Feb-Aug 1955., Ry— debenture stock Carthage & Adirondack *67% __ *103% 104'A May-Nou Pacific conv debs •First „ ' Jime-Dec Capital Airlines, Inc— 4s __ 1976 4%s 1956 4V2s 1951 4% — 3s 1957— Guaranteed Guaranteed — (interest Jan-July , 52 .May 1985_Jan-July 35 *33% 1957—_May-Nov Jan-July Jan-July 64% mortgage 2%s; 1976_. —Jan-July Buffalo Niagara Elec first mtgc 2%s 1975_May-Nov Buffalo Rochester & Pittsburgh Ry— , (interest May-Moo D 37'A 46 64% 59 % 1980_Jan-July 33% A Mav-ZVop ser 52 (interest June-Dec 5% conting. int) . „ 59% 26 Bristol-Myers Co 3s debentures 1968^ ApriZ-Oct Brooklyn Union Gas 4s debentures 1969—Mar-Sept 38 36% 62 64 2010— 52 __ „ 64% 64% 63'A mortgage 4s series RR 1960 Jan-July mortgage 4'As series A July 1970—May-Nou AInc ABreda Bush Jan-July April-Ocf 64 63 64 Virginia— mortgage 2%s series I 1970 mortgage-2% s series J 1976 mortgage 3s series K 1979 & First 8% 64 % division Extension Steel Ji ' 64% June-Dec 1 West mortgage series AC 1967—— First mortgage 5s series II 1955 First mortgage 4% s series JJ 19611. *8%' 14% f June-Dec First ,26'A 8% 98 ' Feb-Aug, Bethlehem 33 14% — 94 92% C I960——April-Oct Beneficial Industrial Loan 2V2S debs 1961-May-Nov 3%s sinking fund debentures 1964 105 22% first and 88% 40 Bell Telephone of Pa 5s series „ 93 31 lien 42 94% Mar-Sept Mar-Sept 1995. 1 Erie stamped Beech 88% 44 div ..Consolidated . * Jan-July 1999 Like 89% 92'% 6%. (2%% contingent interest) — Dec Cincinnati First 103% *103% 106 (Interest Plan due 88% 94% interest) — Bangor & Aroostook RR— A" 1966 89% mortgage 3%% J (3V2% fixed & 1 %# ' A (interest to 123'% May-Nov 1964..„ contingent general and S'western Consol April-Oct May-Nov A and fixed 98 93% Feb-Aug A 100% 104 A4V2s convertible income Feb 19 April-Ocf A 99% 105% Refining 2%s debentures Pittsburgh — stamped footnotes ' 21 Jan-July jan-July 1952 (interest reduced to 2.5%) A8s external 1950 n For *44% 98 2001 A 97% 104 100% 104% 1966—. A 101% 109% April-Ocf 1996 96% June-Dec Stamped pursuant to Plan reduced to 2%) 2012 (State of) 5s 99% 96% 107% 100 ' 1395—Quar-Jan 2000 96% 1950 reduced to 2.375%) 2001 A6%s extl secured sinking fund 1936 — April-Ocf Paulo (City) 8s 1952 Stamped pursuant to Plan 8s Co July l 97% April-Oct ASao San Paulo Products : 48 146 1962—April-Oct —■ 4s 50 97% 1U% 1 — 1947—April-Oct reduced to 2.21%) 2004 1967 stamped pursuant to Plan (Interest reduced to 2.25% ) 2004 (City of) gold 96% 108% 109 118% debenture 3s 1969— first 100V- 101 115% March 97% „ApriZ-Oct due 100% 109 282 March 26 % 1926 96 100% 118% 118% due 99 April-Oct 2012 of 99% 118% due 26 % A 89% 67 '99% 100% June-Dec M 22Va Plan 100% 106% K 22 to 100 % 109% Series — Stamped pursuant " 95% 'j ,■ 95%" 94% 101 93% 105% Series 49 reduced to 2.5% ) 1999 A6s external sinking fund gold 94% 78% 100% 132 *100'/a 100% ... " 12 4 61% 20 A --A 34 12% 26% Plan f 94% 187 11% 26% Stamped pursuant to 93% 74 102Va 102% 59 Va 25% A 2 *100% 101 93% 107 104% 78 % 110% 111% 105% 106% 1 59%, 26 to ;*■—• % 106% 103 % 105% 74 12% 59% 99 Stamped pursuant to Plan A (interest reduced to 2%) 2012 Feb-Any Rio Grande do Sul (State of)— |A8s external loan of 1921 1946 ARome 12 — 26% to 78 111% Series G due Dec 26% pursuant " 5 -*«. * *104'A June-Dec 12% 1961—April-Oct gold 8s 107 1957.June-Dec 1959 12 I960—.June-Dec Stamped pursuant to Plan 7a W fixed 1 98% Mar-Sepf Mar-Sepf reduced to 2.375% ) 2001 AExternal secured 6%% 1953 loan Tobacco Co debentures Arbor P i&r. series pursuant stamped external I2t (interest 7s — 107 ■ contingent interest I.July 1975-April-Oct Refunding and general mortgage 5% (2% April-Oct (interest reduced to 2.25%) 2006 JARio de Janeiro (City of) 8s 1946 A7s 9 *98% Mar-Sept (interest reduced to 2.375%) 1966 7% 99 1967—Mar-Sept 1958 of) 1961 47 9 — —Feb-Aug 1959 loan sink fund ' - 2nd series 6s *59 *104 _I Baltimore & Ohio RR— First mortgage 4s series A July 1975 April-Oct First mortgage 5% series B (4% fixed a Mar-Sept June-Dec A 104% COMPANIES ' ' 10 102 Va ... Refunding 4s series A May-Nov Plan 1st A4%s assented 1968 AExternal sinking fund A4%s assented 1963 Porto Alegre (City 8s 6 Mar-Sepf May-iVon JAPoland (Republic of) gold 6s 1940 7%s 8% (interest 1994 reduced to 2.125% ) 2008 APeru (Republic of) external 7s 5AStabilization 2 I Stamped pursuant 104% INDUSTRIAL 9 *71 5% *44 1963 to 7% "-96% JUly -4 *35% 2008 External secured ref 3%s series jAPernambuco (State of) 7s 1947 ANat loan extl 5 Va — ext 6% April-Oct debentures General unified 4V2S — e9% 8% — April-Oct extl convertible Series 3%s sinking fund external 1957 ApriZ-Oct Municipal Bank extl sink fund 5s 1970—June-Dec (City), sinking fund 4%s 1955 assented 5s 6 —June-Dec 9% 15 5% — — Oslo ANat loan ■ Mar-Sepf (Kingdom) 3%s 1957 (Kingdom of) 4%s 1956 External linking fund 4%s 1965 4s sinking fund external loan 1963 (Republic) — e9% 1959—Mar-Sepf Norway AStamped 5% 12% Netherlands Stamped mod 3%s 12 7Va April-Ocf — 1973 (interest A >7% 1964—May-Nop 1961 debentures 3s 11% 9% — — 1963—Jan-July 1958 A 80% 1987————June-Dec Ref to 80% and 1% — ...April-Oct sinking fund 6s Stamped pursuant Panama 9% 1922 1952 pursuant 20 Jan-July 1986.— — reduced to 2.125%) 2008 ASecured extl sinking fund 6%s 80 'A ■*99% Stamped 4s July 1 1995— Atlanta & Charlotte Air Line Ry— First mortgage 3%s 1963— Atlantic Coast first consol 4s 11 — Jan-July ASmall AMilan 10% 11 __ (assented 1933 assented (1942 92% 80% B 1963—Jan-July , . 86% ——Feb-Aya : ApriZ-Oct Atchison Topeka & Santa General 4s 1995—— -- 11 5% : Treasury 6s of 1913 agreement) ASmall 3 AND Jan-July ... assented 92% 1982— Ann — 10 — new 89 % 92 121 agree¬ ASmall A4s 89 Va 81% debentures American — 29 1968— Jaw-July 1922 86 2 Feb-Aug 1975 debs f s 3Vas convertible — June-Dec (1942 agree't) (assented 90"% 2 89 2%s debentures Atlantic 1954 82% 89 "a 89, Feb-Aug 1978 1 to due 90% 87% 1967—May-Nov 3%s 1972_Jan-July 1975 5% 11% 1904 (1922 1 88 % Foreign Power deb 5s 2030—Mar-Sept Telephone & Telegraph Co— ,v- 2%s 39 11 ASmall 134% 1^ CO 1 — , 101 11 — 90% i—April-Oct 3%s 1980 ; Large A4s of *121 May-Nov 1952 Corp 3%s debentures 1945—Quar-Jan 1963._Jan-Julp 9 Feb-Aug 7s 2%s • " — A *134% May-Nov — ..May-Nov 1978—June-Dec & 2%s — 14 96% *126 1 1937) 2%s debentures 100A 100 ft — Quar-Jan (1942 agree't) Feb-Auy May-Nov 1958— 3%s debentures Large 92% 1979 Southern Bosch /American 15 46% Great 'American 62 ASmall A5s new assented 12 June-Dec 1943—May-Mop agreem't) 96% 96% & Western 1st gtd 4s 1998—April-Ocf Allis-Chalmers Mfg 2s debentures 1956 Mar-Sepf American Airlines 3s-debentures 1966 v (1922 96% Valley (Dept of) (City) external 7s 1958— ' __ assented 8% 10 ' assented •American ASmall A 3 Jan-July Alleghany A §A5s 8% Alabama Power first mortgage .-Albany & Susquehanna RR 4%s _ — 8% ^ — 1945 14-: 10% 10% , Cauca •Alabama 48 . — 14 10 5 2%s convertible ag.reem't)* 1968—Jan-July 10% 12 27 ' 100as2 82% 72 11 Va readjustment •AAdriatic Electric Co 103 102 __ 43% . - SA5s of 1899 due . 82 66 10% 1979 < 4 -11 Va RAILROAD v ASmall 1968 Mexico 38" *59 38 *61 — 11 Va 11 readjustment. 1984—Ul —Jan-July Cauca A4%s ■ 3% to 1952 AMedellin JA Del AWarsaw Utility— Credit Institute AExternal 38 72 10% conversion 11% 76 , Jan-July : 73% 13 Va 10% " *62 *102% 41 67 ———June-Dec conversion Government— May-Nou May-Nov readjustment external 85 12 — 1962——May-Nov 1958 7s 1958 (dollar bond of External High June-Dec external external 3%-4Va-4-fts external 3%s participating paid 1964 A6s participating paid 1968 Helsingfors (City) external 6%s 1960 - , — A7s Irish 57 98 95 ApriZ-Oct 55 Low 80 73% 72 April-Ocf Sydney County Council 3%s 1957 S A Uruguay (Republic > external 8s 1946 AExternal sinking fund 6s 1960 AExternal sinking fund 6s 1964— 39 35 71% A 1962 of) assented 99 Jan-July 3y2s extl s f dollar bonds Jan 1 1976—--Jan-July 3s extl s f dollar bonds Jan 1 1976 Jan-July AEstonia (Republic of) 7s 1967— Jan-July Greek 71 2004—Jan-July 1968____ Jan-July to external secured (Prov Jan. I No. A 2.25%)" Slovenes series B Range Since Sold High -- 2%) 2012 (Kingdom; — 4-4%-4 %s external El Salvador extl 39 Bonds Bid & Asked Mar-Sepf Plan to reduced secured ASilesia — .t Feb-Auy External gold 4%s 1962 38\4 „ pursuant A8s . to loan A7s 90 1956 Plan to reduced dollar (Interest 48% 25 Va loan pursuant external 48% 8o 110 A6s 47% — water (Interest » 23% 110 external 79% 45 25% 1977——June-Dec external 79% 85% — Sale Price (State)' (continued)— Stamped Cundinamarca 4s Paulo 82 40% 32 — *48% Week's Range or Friday's • - Last- reriod High 4% — *48% *48Va „ Interest ! Exchange Low 44v4 44% Friday, BONDS Jan. 1 No. 82 *81% 44% ... r~ 3 Range Since Sold 7 82 __ Jan-July 4%s MARCH A 7s April-Oct fund dollar bonds (Republic of) Bonds High *3% __ 1970—April-Oct § A Colombia Mortgage Bank 6%s 1947 April-Oct SASinking fund 7s of 1926 due 1946 May-NoO SASinking fund 7s of 1927 due 1947 Feb-Aug Copenhagen (City) 5s 1952 June-Dec 25-year gold 4%s 1953 May-Nov ACosta Rica (Republic of) 7s 1951 May -Nov Cuba ENDED — 1961 Jan 3s ext sinking June-Dec 5s 1951 WEEK Week's Range Interest New York Stock Exchange FOR 87 87 23 63 67'/a 65 % 67% 41 48 42% 46% — 66 69 Va 41% 41 42% 52 45 45 45% 271 J— 3%s 1987— Jan-July Volume 171 Number 4887 THE COMMERCIAL & FINANCIAL CHRONICLE (967) 23 NEW YORK BOND RECORD RANGE Friday " , Interest ,bonds Exchange r New York Stock Period East ? or Sale Price Range Friday's Bonds Bid & Asked Low Central New Central Pacific Ry Co— First York and Power refund First mortgage Champion 3 3s 1974 - Fibre & 4 %s R & div deb 3s 1965—Jan-July __ 104 consol mortgage gold 4s 1989—Jan-July Jan-July inc 5s conv mortgage conv inc 4'/2s Jan 1 mortgage 3s series B 1989 102 103% 104 119% 114 F 83 4 109 111% 108% 103% 99'% 40V2 154 1978 72 debentures 68 General gold General 5s 63 4s 86% 83 60 "2 5 49% 18 93% 2 103% 89 8 First mortgage Series & 102'% 68 % 38 66 St & 103 55% 3s Cleveland Short Cleveland 53% 54 314 51% 90 87 88 — ■ 103% 103 % 82% 6 73 % 20 4 79% 104 5%s series A 1972 4V2S series C Ry—• modified) 1980 Fuel & Iron mortgage Columbia 3%s Gas & Columbia 3'As Gas coll Electric debentures 3s debentures March 3s debentures South Columbus & Toledo Commonwealth 3s 78% Ry & Lt 7 8'A refund and refund First and First and ref 3s C "... 107 69% "100% Co of 15 76 — Northern Ry §ADeposit receipts first §ADeposit series series 5s 1st mtge first series N debenture 3s 107 % June-Dec ctfs A Util first 3s 1968-, 85% 871/2 105% 103 '/a 103% 60 103'/a 104% 101 % 5 „ 5.9 Va 103 59 55 ~2 102% 63% 60 102 Va 102 % 90% — 102% 92% 103 106% 107 106% 107% 129 3 125 '/a 129 125 125 9 129 • 125 6 122 '/a 101 101'A *100 100'/a *— 27 102 102'A 100 95% 94 *80% 85% 85 87 96 *59 97% 7% 8% 103 9 103 103 103 104% *104 *76'/2 103% 104% 79% M 2%s 75 78 *102% 103'A 63% 101% 65 62 18 103% 67 1976 May-Nov 1978 *100 100 100'/a 2%s 1979 n Jan-July 104% 104% June-Dec H Finance Corp 1976—Mar-Sept Jan-JuZy 1970_ Jan-JuZy 2%s Hudson Coal first sink fund 5s 107% Hudson & Manhattan first 5s A ser 100% 100% 99% 127% 127 V% 1 127'/a 127% »>•«. l962_June-Dec 5 S--1 100'A 100% 5 99% 100% 16 100% 90 89% 90VA., 89'/a 93 Feb-Aug 64% 64% 65'% 100 63 68 ——April-Oct A 27'A 27'A 28% 17 27 32'A 11 102 103'A 1957_: Adjusted income 5s Feb 1957 100 Bell Telephone 2%s series mortgage 3s series B 1978 104% 105 y2 mortgage First gold gold Extended gold 3%s 3'/2s first 104% gold 3'/2s Collateral Refunding 4s 105% Purchased lines Collateral 302 93% 99% 3 99% 103% 106 105'/2 106% 115 119% First 103 103% Illinois 106 118% 119% 577 *103% 104% Jan-July _Jan-July *86 Illinois Central and Chicago St L & N O— Joint first refund 5s series A 1963 June-Dec First and refunding 4'/2s series C refund mortgage Terminal 4s series D Ry 4s series A 1963_June-Dec 49 Va {International Great Northern AFirst 83 89 A 27% 32'% AFirst - 34% — 32% 35'A 33% ■ — 35'A 6s series A AFirst series gold 5s B C 103% 103% 103 % 106 27 "95% 102% 106% 106% 96% 102% 104'A 108 75 93% 96% 101 Va 101'A 100% 100% *101% *100% *102 % *102'/a — 102% 102% 102'A 102'A 104 106 32 100'/a 101% — 100'A 100% 95V4 *98'% 100 102% 55 — 100% 1 94 98'A , . *100% 100'A — 101% . —— — 104'% 95'A 101 101% — — 104 — 101% 100% 11 — 104% — 102 % 100% — 100% 100% *100% 100 — 97% 99% 100'A 93'/a — Jan-July 1956_ 86'% 93'/a 5 93 % 84 % 86'% 140 81% 88 732 32% 40% April-Oct 1956 series 5 9 93% RR— 1952. Adjustments 6 series A July 1952 5s 70 *102'A 100% 1963-June-Dec 34% 101 — *100% 102% 1970 94'% 101 Va 101 — *101% 1951 47% 35'A 95% June-Dec 3s 31% 89 *33% Feb-Aug 1950 gold 92'A 32 *33% — 1966 first 104 101% — 105'/a 105% *107% 108 — ■ " Div "7 34 *30% 4%s Bridge gold 4s 108 102 103% 103% May-Noy 103% 52 34 i 102% 104% __ 94% *50 1953 4s 108 __ 105 105 'A *102% 102% 105 Jan-July __May-Nov 1955— 105 108 104 - *35 Jan-July Illinois & Iowa first gold 4s 1950_Jan-July Indianapolis Union Ry Co— Refunding and imp 2'/2s series C 1986—June-Dec 17 103'/a 103 % 34 May-Nov 3'/2s' 1952 105 108 Mar-Sept 5 105% 105% — 104 ApriZ-Oct 1955 trust gold *104 Indiana 9 June-Dec 102 99% 105 106% 106% 103 93 Va 102% 102'% 3 19 V4 102 101% 1 105% 105'A __ 105'% 1 Jan-July Louisville Div & Term gold 3'/2s 1953— Jan-July Omaha Division first gold 3s 1951 Feb-Aug St Louis Div and Term gold 3s 1951——Jan-July Gold 3'/2s 1951 Jan-July Springfield Division first gold 3%s 1951_Jan-July Western Lines first gold 4s 1951 Feb-Aug Registered —Feb-Aug 13 103 105% 101'% 102 15 105>A . 105'A 104'A 5 103 May-Nov 1979_Jan-July Litchfield 101 104% 104% 1977_ApriZ-Oct Cairo 107 '• *101 1972—June-Dec 107% 104% 5 *101% 1951— 3s 105% 107 104% 1U4% *100% 1931— 106% 106% 26 , *101'A —April-Oct C 1979_May~Noy 1979—May-Noy 1974—May-Noy —Jan-July ——Jan-July series 1951 4s Refunding 5s 107% 107% *106% mortgage 4%-4%s series A 105 108% ld2% 103 June-Dec . sterling 1951 trust gold 4s 1952—, 108% I 1981_Jan-July Illinois Central RR— 105% 14 A Consol mortgage 5%-3%s series B 100% ; 40 33'% 40'% Jan-July Jan-July 82 81'A 82 22 75 82'% 81 §AInternational Hydro-Elec deb 6s 1944_AprZZ-Oct Inter Rys Central America first 5s B l972_May-Noy 61 'A — 81 'A 13 75 82% 61 "A 613a 44 61 61'% *96 99'% — 74 74'% 28 96 100 D Dayton Power & Lt first mtge 2%s 1975_April-Oci mortgage 3s 1978 Jan-July mortgage 3 series A 1978 June-Dec Dayton Union Ry 3'As series B 1965 June-Dec *103'/a 103% First *— First Deere & Co 23As debentures Delaware & Delaware Lackawanna Hudson First and refund AIncome Morris Essex Collateral 5s due series C 1993 1973_May-Nov May-Nov * First Denver First 4-6s May 1 2042 Power & Light 3s 1973 mortgage and coll trust 3%s Rio Grande Western mortgage series A contingent & interest) Salt (3 % mortgage 1 </o contingent Edison General and General & ASecond For 86 1 interest), G 23As debentures Mack gold first 4s footnotes & 4s 1959-June-Dec 74 — 73 76% 103 *102% 103% 103'% 103% 103% — 104'% K 99% Kanawha & Mich first gtd gold 4s 1990-April-Oct Kansas City Power & Light 2%s 1976——June-Dec 86 1st 63% __ 63 % 67 % 68 5 59'% 63'% mortgage -2%s Kansas 1G7% ", 9 65'% 68'% 5 107% 107 % 107 % 107% l 5 0 Ks 11 1 1 .. 105 105 96% 96% 77% 76 77'A 91 91% . , 19 95% 112 69% 97 'A .77'A Southern Central gold & Indiana Stamped 1961 Plain 1961 *. unguaranteed 4s 100 April-Oct 1987 Terminal "2 103% 103% *105 1950—April-Oct mortgage Kentucky Kentucky — June-Dec 3%s series B 1968 Kansas City Terminal Ry 2%s 1974— 4V4S 96% City 1978 Ry 1st 3s First mortgage 4s series A 1975 First 67% April first Light 2%s 1976—Mar-Sept 4'/2s 1 June-Dec Kings County Elec Lt & Power 6s 1997 April-Oct Koppers Co first mortgage 3s 1964-. —April-Oct {AKreuger & Toll 5s certificates 1959 Mar-Sept — 100 105 VA 67 Jo 103'% 2 103% 105'/a 102 3 103% 104 V a 100% 105% - 103% 103% — *114% *26 25 — 31 1 *— ; — *101 —Jan-July Ja n-July 1961 5 103% 103% 105 April-Oct Jan-July 1961_Jan-July Jan-July — A, 100 [Vf 100'A 108 - 100'A • — *98 97 97% *181% 185 — 181% 181% *104% 104 104% l'A „ 1 % 98 1 116% 116'% 65 114 1 (3%. fixed refund Terminal H fixed 1993 1966 refunding 3s series 3s convertible Detroit 86 RR— 2018 3'As series and Detroit 86 May-Nov Jan-July Clear 81 51 Lake- Income Detroit 96. 1979-Jan-July contingent interest) 1993 AIncome mortgage series A (4'%% Jamestown Franklin & Jersey Central Power & 93% 104 0 94% April-Oct 1% Denver 104% 104% 95% 1977_June-Dec mortgage and coll trust 2%s & „ division trust Delaware First May-Nov ' — — *101 April-Oct 1963 — ' ' & M mortgage & 1965 extended 103 3A — ' Western RR Co— Lackawanna & Western Div York New 4s 103 107 % *105 lien series H I 1970_June-Dec gold .June-Dec 4s 1995 1995_^ see page 25. 1961 -June-Dec May-Nov 91 93% 115% __ • 12 104% 107% 107'A 107% 47 106% 108 % 102% 102% June-Dec 4%s 23 104% 105% 107% 1982_May-Sept 1958 Tunnel Jan-July May-SepZ 4 102 VA 103 y2 114 y2115% 193 112'/2 115% 76 C7VA 67% 103 'A 104 102 y2 *68 *67 >4 104 Laclede Gas Light 4'/2s conv debs Lakefront Dock & RR Terminal— 1963—Mar-Sept First mtge sink fund 3%s series A Lake Shore & Mich South gold 3Vis 3Vis 104 J 100% April-Oct — 107% 76 < •'? —Jan->July 1969 Household 62VA If 87'A Va 70 *7% 103 125 100'% 100 *86 —Feb April-Oct : Hackensack First , 102 % receipts 1946_June-Dec receipts 1946 June-Dec 6 *92 VQ Feb : 1959 87 107 102 1942 87 '/a 86 *102% 102% Jan-July Jan-July 1990 debentures 3%s mortgage mortgage Illinois *105% 107 3%s 1966-May-Nov 5%s 85'/a 60 Water first mtge 2%s Hocking Valley Ry first 4'%s 1999 100'/a 108% 108% > « Ohio RR— debentures* 108'/a . 102 1952 deposit Jan-July Jan-July 1976 66% 107% 41 1982_Mar-Sept receipts A deposit B West 3s >9 106 107% f 105'% 106 105 June-Dec gold 1952 1973— D 62 99 VA 106 05 June-Dec 97 Va 10 102 Va — 1965_May-Nov 105% 106 April-Oct mtge 2%s 1975-—Mar-Sepf 3s iebentures 1965 Jan-July Am B C 107 5 3 104% 104%.,. first Baking 2%s 57 4 %;/, 102 1963 70 '/a 55 86 *102% 59% 1956—May-Nou 98% — 102 E 103', —Mar-Sept mtge 107- 107 % 107 76 1972 series debentures Power May-Nov 1969 82 ■ Jan-July 1961—Feb-Aug April-Oct B ser ser 62 '/a 97 Va 65 *100 June-Dec 6s 63%, 86% 105% 106 April-Oct A 63Vi 85% 1974—Mar-Sept Mar-Sept 79 98% 3 107% 108 ', 2 . __ 1951—, ser mtge 2%s §ACuba §A6s 75 5 ; V .*99% 100 Feb-Aug 1978 110'/a __ „ 1955-Feb-Aug 1999 2%s mtge States First A 1977 N 4%s 1961 certificates B trust Debenture L mtge 2%s refund convertible Si A7'%s 61 107 1970—May-Sept 4s 104 '/a 106'A __ 85% 1975 Jan-JuZy inc 5s series A July 2015_Jan-JuZy refunding 3%s series D 1969—April-Oct General mtg£ inc 4s series B Jan 2044 April Gulf 96 87% 4 47 ' .. Feb-Aug refunding 3s series D RR 66% *106'A 106% Consolidated Natural Gas 2%s 1968 ACuba 98% '82 Va 1964—April-Oct 3Vis 104'A *97 '/2 100 mtge First external mtge and refund First & Corp Mobile & Consol 4s 65 First and 102 83% 10 78% 65% Mar-Sept series 1st and and Steel 101 96 —April-Oct debentures First Cruible 103'A Co— 3s First Continental 102 % Gulf First Elec 2015_Jan-July l964_April-Ocf mortgage 2%s series Q 2010 Jan-July mortgage 2'As series R 1961—Jan-July Bay Consol Conn River Pwr sink fund 3%s A Consolidated Cigar Corp 3'As 1965 Consolidated Edison of New York— 3s 110 % 5 61 May-Nov trust series 3s mortgage Consumers 104 'A llO'/a , ■; • 8 87 % 98% 65% Jan-July 1974—, first series series 1st —.April-Oct 1974 Edison sinking fund Conn 103% ' Mar-Sept Ohio mortgage First 1 • ^ - August & First 106 Corp— 1973 *105% First and refunding 4s series B ' 101 87 Va first mortgage 3%s A Green ; 102% 102% — Co series ADebenture 104 System Inc— Columbus 110% — Ry Co— 5'/2s Greyhound — . Fi 5s General ^April-Oct 197% debentures 106% 104 Corp— and trust debentures 4'/2s General 104 103 26 110 Va 110'/a —April-Oct 1977 Southern (stamped First 110% 110% 110% *108% • " 4'%s 101 April-Oct 1959 deposit income (B General 103% 4 104'/a *102'A 104% Co— mortgage 5s series B 1973 Colorado 101 104'/2 104% mortgage 3'/eS series O 2000-—Jan-July General mortgage 2%s series P 1982 Jan-July . mortgage & 104 *151% General 80 37 104% 105% ', 1103i 1990 debs 4'/2s collateral General 85 76 •• . ; 103% 104 Feb-Aug 3s first General - 1950 series F Rubber General ■■ *99 Va 103% , gtd 4'%s 1961—April-Oct Terminals mortgage 103 Realty & Utilities Corp— conv General 101% 103'A 102% 77% —June-Dec guaranteed & Coast Sugar Goodrich • 1970 1965 5s refunding 5s series A Great Northern 5 104% 105% 77% 105 1977—Jan -July 1982—— First Colorado A4s 4 103'A 103% 103'A 103 JA 82% June-Bec First First 100% 10 G General 101 103% June-Dec E 3'/eS ACertificates of 56 Ry— 1993_ Line first Union Tire and Francisco 60 101 Louis first 71% 58% *96 Illuminating 3s 3%s 96 % 100% 100 Vi 100% 104% 67% June-Dec Pittsburgh RR— D 93% • 58 / 1990-May-Noy Cleveland High 92% April-Oct mtge East AFirst *87% Cincinnati Wab & Mich Div 1st 4s 1991-Jan-July St Louis Division first coll trust 4s Electric Low 96 '4 Co— consol {Florida 62 50% 53% 1. Southwestern Railroad Firestone 60 45'% 58 % ApriZ-Oct Refunding and impt 4'%s series Cleveland Jan. 1 NO. 92% 73'A 1966——June-Dec 1961 1993——: B & stamped 1965 Collateral Chic series 73% 22 83 103 Feb-Aug 1959 Cincinnati Range Since Sold '• " City Ice & Fuel 23As debentures City Investing Co 4s debentures Cleveland Bonds High *100% 1011/4 Jan-July consol mtge 3'As series G 2000 Jan-July First consol mortgage 2s series H 1953-Mar-Sept Ohio Division first mortgage 3'As 1971-Mar-Sept 42 10 93% Financial Corp—•• 2%s 1979 First 36 3 — 48',4 49% _Jan-July Terminal— Paso First 101 91 82 1969—Feb-Aug C 1 T 2%s General mtge inc 4y2s series A Jan First consol mortgage 3'As series E 109% 102 % April mortgage gtd 3%s series E First mortgage 2%s Series G 1974 First 112'A 7 60 1963 1st mtge El 5s 90'A 1975_ApnZ-Oct Union Range Friday's or Bid & Asked *103% 104 Feb-Aug April-Oct Va & Georgia div first 5s 1956_May-Noy (N Y) first cons gold 5s 1995_Jan-July Elgin Joliet & Eastern Ry 3'As 1970 Mar-Sept 120'A 114 „ 8 72 Jan-July series , 10 *126'/a 91 June-Dec 1994 mortgage 2%s 1977— 100'/2 Edison El 111 106% 127 39 Jan-July 2%s First ' Week's *94% East Tenn 101% 105 99 Va 100'A 39% Jan-July First mortgage 2%s series G 1963 Jan-July Chicago & Western Indiana conv 4s 1952_Jan-July First and refunding 4'As series D 1962_Mar-SepZ Cincinnati 2%s Co mortgage 57 Chicago Union Station— Cincinnati Gas & Elec Sale Price 133% 1st 30 109 ' Memphis Division 1st gold 4s 1951 June-Dec Chicago Terre Haute & Southeastern Ry— First and refunding mtge 2%-4'As 1994_Jan-July 3%s Light 103 102 % 102 % 99.% 1999—April Chicago Rock Island & Pacific Ry— General mtge conV 4%s ser A Jan 2019 Chicago St L & New Orleans 5s 1951 2%-4'As 104 130 87 111% 111% 4s mortgage Duquesne Erie 111% 1997—Jan-July Second First Last Period Detroit Tol & Ironton RR 2%s ser B 1976_May-Sepf Dow Chemical 2.35s debentures 1961——May-Noy 104 103% 6 *113% series. A 1994 —Jan-July General mortgage 4%s inc ser A Jan 1 2019-Aprll 4 '%s conv increased series B Jan 1 2044. April Chicago & North Western Ry— Income 105 Va 102,% *119 mortgage 4s inc series A Jan 1983_Jan-July A2nd mortgage 4%s inc ser A Jan 2003_Jan-July Chicago Indiana & Southern 4s 19E6 Jan-July Chicago Milwaukee St Paul & Pacific RR— First 105% 105% 106 A 1st mortgage Interest Exchange Low 102% 103% 106 First mortgage 3%s series B 1985 May-Nov Chicago & Erie 1st gold 5s 1982_. May-Nov Chicago Gt West first 4s series A 1988—Jan-July AGeneral inc mortgage 4%s Jan 1 2038-Jan-July Chicago Ind & Louisville Ry— First Friday New York Stock High 104 102% 103 »/4 103 ..Jan-July First and refunding 4%s series B 1977—Feb-Aug First and refunding mortgage 3%s 1985—Feb-Aug First and refunding mortgage 2%s 1970„Feb-Aug Chicago & Eastern 111 RR— AGeneral - 132 'A 132 % 1958—' 4s 3 BONDS Jan,.1 Low *103 , MARCH • Second consolidated gold 4s 1989 Chicago Burlington & Quincy RR— General No. 1UO *103 1992 first a ■ 104 1968———Feb-Aug and A ENDED Range Since Sold High *103 Mar-Sept impt M 3%s series D 1996—May-Noo Refund and impt M 3%s series E 1996—Feb-Aug Refund and impt M 3%s series H 1973—June-Dec Refund *105', %'s series A 1974__—Feb-Aug 3%s series B Paper gold WEEK ■. Chesapeake & Ohio Ry— General i_ April-Oct FOR Week's registered Lautaro Nitrate AFirst 116'% 1997.June-Dec 91 91 91 "2 June-Dec 1997— 120 1968_June-Dec 86 86 86 1 92'% 92% 89% 94 84 90 907/a 94 Co Ltd— mortgage income reg 1975 June-Dec, — 15 ^ 24 (968) THE COMMERCIAL & FINANCIAL CHRONICLE Monday; March 6, 1950 NEW YORK BOND RECORD RANGE BONDS Interest New York Stock Exchange Last Period & ref 5s stamped 1954 1st & ref 5s stamped 1964 & ref 5s stamped 1974 96 Feb-Aug General consolidated Series A 4s fixed mortgage interest E F ALombard Lorillard 3s general Electric (P) Co & refu«d A 1962 2 82 Va 85% 5 75% 80% N Y Steam 69 70 15 68% 70 gAFirst 74 3 72% 74% gASecond gold 4%s 1937 § A General gold 5s 1940. (R Hi Maine & Co Central First 2%s RR F mortgage & 2%s 37% 38'A 98 33% 38% Norfolk 41% 41% 4 2'A 78 36% 42% 44% 44% 44% 48 40 45% 77% 5 1 "102% . 61 — 105% 105 98 »A —' a 9 96% 7 100% 88% 1 1972—May-Noy B > RR May Dept Mead 1954—June-Dee "93 4s s'nking fund Feb 1 1957—May-Noy Lines) 4s 1959 -Jfay-Noy Stores 2%s debentures 4 1 1972—Jan-July Corp first mortgage 3s 1966— debentures 1988 *"102'A May-Noy "107% — • Michigan Central— Jack Lans First & Sag 3%s 3%s 1952 gold 1951 —Mar-Sept mortgage 27/as 1969 102 t§AMidland Minnesota Minn St First A of N J first Mining & Paul & ext Mfg Saulte 1967 5s 2%s St Jan-July . mortgage 4Vis inc series Missouri-Kansas-Texas Prior lien 5s 40-year 4s series A Jan series lien 4 Vis B First A General and refunding 4s 5s A Morris first H ser gtd 4s Construction 3Vis Tel debentures & 105'A Tel 2%s 3 55% 103 — trust 4 Vis 1975 87% 54% 77% Chattanooga 88 88% 2 84% 3 Vis National 3s 3s mortgage Dairy Distillers National series 74 72% debentures 1979. 76'A 77 16 V 100 98VA 100' 60 73% 67 74,, 98 10d " 672 99 101 93% 1.327 99% * 101 41% April-Oct 101% Feb-Aug Mar-Sept 99% ; 37 & Lake Champlaln 42% Steel debs 60 VA 100% 101% 94 33% 2%s 77 __ — 34 93% 92% First 2 56 62 103% 1 103% 102 — 56'A 39 54% 57% 79% 28 75'A 81% 76 77 16 72 78 93'A "105'A 106 105 95 95 2 102 % 103 VA" "105'A 10£?5 June-Deo X.— 106 93 13 3s series 105 & B 1961 Junction J New Jersey New Orleans New RR gtd Power first & Great 4s Light Nor 3s 5s A Orleans & Northeastern 1966 Orleans {New Term Orleans AFirst A 5s Certificates AFirst A 5s A 4Vis 2 1.05% 106 103% 104% 5Vis New York of 4s series gtd 4s Mexico A 1 118% 119% 105 L 1974 "104 104% 105 Jan-July Centra] General 3Vis Lake York N Y & A 1954 RR A series B Y New Haven and June-Dec A General Harlem gold 3Vis First For 101% gold gold 1998 Jan-Julf Jan-July Feb-Aug 4s 1951 3 Vis 99% 103% 104 19 101% 102 99% 30 99% Jfay-Noy 99% 104 Va 100 102 99 'A 30 99'A 47 97% — 99% 101 — — 101'A 102% 3 100 Vi 101% 60 59 60% 189 58% 64% 63 64% 182 61% 65% 70% 69% 70% 157 67% 71% 80% 80 Vi 79 "74% 57'A 58'A "54% 56% 85 Port 4s see 62 56% 74 • 56% "53 — 102'A 102 VA 60 59% 52'A 55% 102% 103% 1 99% 95 10 15 __ "94 , 99% 74% 74 Vi 56% — 94% "100% 53% 56 99% _ 61 22 100% 101 94% 73 57% 2 __ — 83 79 77% 57 VA 10 —— "95% 100 Afay-Noy "98 103 102'A 103% 102 102% 5 107 107% 12 13% 106% "100% 107 107 ■ 13% "13 ft'1* 10 105 V2 106 105% 3 105 VA 14 101% 102% 102 102'A 103% r-i O - 1 104% ~7 • 103% 104% 1 1 -f 106% 105% 105% 105% 105'A 4 105'/a 106'A 106'A 106% 1 105% 106'A 12 106 107 2 106 106% 106% 106% 102 ' 106% 102 101% 102% 104% 104% 4 103% 104% 106% 106% 2 105% 106% 104% 105'A debentures 1987 April-Oct 105% 107% 3'As debentures 1978 Mar-Sept "107 3V4s debentures 1983 Mar-Sept "105'i 106'/a Pacilic Western Oil 3 Vis debentures Paducah & 111 1st sink fund 106% 2 3%s June-Dec 105 I964-June-Dec 12 100% 100% x..; 103 103 % 15 105% 105% 107 1* 107% 105% 106% 101'/a 101'A 107% - 101% 101 Va gold 4%s 1855_Jan-July Pennsylvania-Central convertible ^0 72S Pennsylvania 1 "104% Airlines— inc debs Co— Sept 1 1960 —April-Oct trust ctfs 1952 Pennsylvania Glass Sand 3'As 1960 Pennsylvania Power & Light Co— General • & 6 08% 77% 8 102'A 104'/a — 103% 103% 5 B 4s Income 4s April Pere Marquette Ry 104 104% 104% _April-Oct 1960 Feb-Aug 4'As series A 1965 series 103% 104 '/a .April-Oct sinking fund 4Vis Eastern 77' —May-Nov ._June-Dec "103 A 114% June-Dec 104% 105% external 107% 97% Jan-July 98% 101 Va I960-: April 115 17 93 Vi 150 98% 64 43 85 57% 3 15% 11V* Afar-Sept 85 57% April-Oct 1990 16 101% 98 % 101 Jan-June 3%s series D 1980 103% 114'A 102% 103% 107% 108% April-Oct April-Oct 104'A 114 103% June-Dec 1968 General mortgage 4%s series E 1984 Convertible debentures 3'As 1952 General mortgage 3%s series F 1985 Peoria 77 1 Guaranteed 4s series E Philadelphia 17% 10 6 "103% 105 Baltimore & Wash RR 104 114 115 100% 103% 104 108 3/a 93% 94 100% 81 57% 15% 98% 98% 101% 85 61 17% 102 103% Co— General 5s series B 1974 Feb-Aug geld 4%s series C 1977 ,_Jan-July Philadelphia Co collateral trust 4VAs 1961—Jan-July Philadelphia Electric Co— 94 and refunding 2%s 1971 First and refunding 2%s 1967 First and refunding 2%s 1974 First and refunding 2%s 1981 First and refunding 27As 1978 {§APhilippine Ry 1st sink fund ACertificates of Feb-Aug 4s ser G 4s ser guaranteed 4Vis 100% 95 2 73 74'A 80 6 77% Consolidated guaranteed 4'As ser Cine Chicago & St Louis General mortgage 5s series A 1970 5s series 1st mtge 68% 327 64% 68% 49 47 49 728 44 49 3Vis debentures 103 " 8'/a 103 103% . 106% "103'A 112% — 106% — general general 4Vis Plttston Co 5s series B series 5Vis income 1962 1974— D Elec Power First mortgage First mortgage 3s 1st 3V4s debentures Terminal mtge 1977 1983 mortgage 2%s Providence 1984 4a 1977 1956 106% 111% 112% __ 112% "112 106'A 3 111 HI 106% 103% 100% 107'A 103% 107% __ 105 106 "86% May-Nov 88 83 101 101 Jan-July general 5s series C ~9Va 8 7 101 % April-Oci 1965 First ~8 22 27 "102% 108 100 June-Dec '/a 102% 103 "101'/a 102-% 101 102% 93% 93% 93 % 93% 1 93% 96'A 92 % 92'A 93 'A 23 92% 96% April-Oct April-Ocf 86 1017/a "102'A 103 Pittsburgh Steel 1st mortgage 4'As 1958—-April-Oct Pittsburgh & West Virginia Ry— First 103% 9% 103% April-Oct 1964 mortgage 4Vis series C 1960 Pittsburgh Youngstown k Ashtabula 104% 103% 102% 8 103 Pittsburgh Consolidation Coal— Potomac 101% June-Dec 1975 3Vis 103% 102% RR— 1975 B 3%s series E 80 67% 19 ser 15 — — "99 Feb-Aug I 1903_Feb-Aug J 1964_Afay-Nov Pittsburgh First 94 8% 103 1957—May-Nov 1959 100% % Feb-Aug 1953—June-Dec mortgage 4Vis series B 79'A 102% 102% F ser First —— "104% 9% H 1960 4s First 68'A Vi Jan-July 8 guaranteed mortgage mortgage 104 103% 1937 guaranteed Coke & Chem 104'A "103% 103% deposit guaranteed General 106 'A 103% 104 May -Nov Consolidated General 110% 104% "103% 104 Pittsburgh Bessemer & Lake Erie 2%s 1996_June-Dec Pittsburgh Cincinnati Chic & St Louis Ry— Pittsb 112% 107% May-Nov Phillips Petroleum 2%s debentures 1964 Consolidated 110 4 29 June-Dec 4s 12 105% 105'A 105% June-Dee 99% 101% 111% 112% 110% 110% General 95% 98'A 100% — 102% "105% 107% 105% 103% First 93% 6 93% 96% Ry— Feb-Aug '108% 108 108 June-Dec June-Dec 1964—Jan-July 100 100 100 3'As 1966—-Jan-July "103 105 105 105 Feb-Aug Jan-July "107 105% 105 105 "105 May-Nov War-Sept "93 103 25. 102 ~2 102% 102% 100% 100% 1958 Jan-Julf Jfay-Noy 97% 9 June-Dec A Chester— 1954 97% 7 April-Oct mortgage 4Vis series ifay-Noy A 2007 93 - 1986 First RR— ser „ 3Vis series R 1982—June Dec 100 15 Jan-July 1973 mtge conv inc 4 Vis series A 2022—May footnotes 103'/a 1 . 100'A 98% Jan -July series A Hartford mortgage 104'A 102% 102% Feb-Aug 2000 93 105% 103 106% 106'A Consolidated 1973 & 100% 103% — 99% Feb-Aug refunding mtge 4s River 106 100% 100% 1998 103 "105'A 106% Consolidated 1998 & 106 100 % River RR— collateral first — Co— series Hudson Harlem First 103'A _ Mortgage 4s series A 2043 Mortgage 4s series B 2043 4Vis "103% April-Oct deposit N Y Lack & West 4s N — — Chicago & St Louis— Dock Y — — 107%. — — Refunding mortgage 3 Vis series E 1980—June-Deo First mortgage 3s series F 1986 April-Oct N Y Connecting RR 2%s series B 1975 April-Oct N ",106 "101% Feb-Aug Michigan Cent collateral gold 3Vis 1998—Feb-Aug 3Vis registered 1998 Feb-Aug New —' — deposit— of registered — 99% mortgage 3 Vis 1997 registered 1997 Shore 3Vis * & 105% • "75 Feb-Aug 1956 89% ' "107'A deposit D 106 Ry— April-Oct 70% 66 85 Va 104% 102% 103 1979—June-Dec 106 Feb-Aug Refunding and impt 4Vis series A 2013_April-Oct Refunding and impt 5s series C 2013 April-Oct N Y — 5 1952—Jan-July 1953 9 33 debentures First 1956 of Central Consolidated 101% — 106 deposit C of series ACertificates 101 "102 June-Dec M 5s 118% 118% Mar-Sept Jan-July 1954 series Certificates AFirst & B series Certificates AFirst first Texas series 1974 1983 5 95% "104% Jp.ne-Dec 1970 4%s series D 1981 RR— Refunding and impt 4Vis New — Jan-July Feb-Aug 1986 95 104% 105'A >100% 102'/a 3s series General Jfay-Noy Jersey Bell Telephone 3Vis 1988. N 94% "94% Feb-Aug 3s series General Jfar-Sept New 107'A 63% 25 3s series N 1977—June-Dec 2%s series P 1981—June-Dec 2%s series Q 1980—June-Dec 106% April-Oct 1974 112 105% 64 87 3s series S 1983 Tel & Tel 2%s debentures 1985 A series 108% 9 61 85% June-Dec 1»3% Tel Co— 4 Vis debentures 3s Jfay-Noy 1982 "58 95% 2%s 95 14 104% 104'A Tel 33 101% 102% 1971 106 "100% 101'A guaranteed 107 36 64 % April-Oct K 102% " 106 June-Deo debentures 107 June-Dec 3%s series I 3s series J and Pacific 99% 99'A April-Oct 3s 114 102 55% "98% and and refunding refunding refunding First and refunding First and refunding First and refunding First and refunding First and refunding First and refunding First and refunding 100% 62 Corp first mtge 3s 1965 First 63% . .*- First 102 172 102 Supply 2%s debentures 1967 Naugatuck RR first gold 4s 1954 New England 110 105'/a 105% 103 Mar "Sept mortgage 3s 1975 3s sinking fund debentures 1965 Pennsylvania RR— April-Oct National — 109 64% Jan-July 1975^ First 42% 78 Va 56'A Feb-Aug 1970—Jufce-Deo 1974 93 133% Pacific Gas & Electric Co— Consolidated debs 109% 104% First mortgage 3s 1979 June-Dec Oregon-Washington RR 3s series A I960.—April-Oct 74% 92% 1,841 99% 101 VA 102 Jfay-Noy 2%s 88 129% 114 Ry— First mortgage 3 Vis 1978— tH O O £ 63'A V 41 98'A 100 "104 % May-Noy 1970 Products 16 "110 May-Nop Oklahoma Gas & Electric 82% 77 Feb-Aug 1958—May-Noy 1986 107'A O 82% Louis— B 107% 106% 107 Telephone— SAFirst guaranteed 4s 1948_ Ohio Edison first mortgage 3s 1974. First mortgage 2%s 1975. 81'A 75 79 78% 3 Vis Products debentures Nat'l St 12 129% 130'A "115 Feb-Aug April-Oct first mortgage 2%a 1974 Bell tOgdensburg 92% 4 11 78% April-Oct & 93 107 .106 States Power Co— Northwestern 85% N First 92 129% Mar-Sept First Nashville 5 63 49'A 1978_ —. 103% 84 % 1986 20 — 107 74 103% 1 62% 104 10 1955 107% 107 102% 106% 31 1966 mortgage 5s mtge 4Vis series B States 23 27 1991 B debentures 17 74 15 — 80% 3Vis 2000-June-Dee series A 1955-May-Nov Construction — 53'A 1980 & Essex first guaranteed Mountain 101 % 87% Afar-Bept series 3s 109% 101 Vi 1965—Feb-Aug 107 "105% —Jan-July First mortgage 2%s 1979 Feb-Aug (Wisconsin) first mortgage 2%s 1977—April-Oct First mortgage 3s 1979. Mar-Sept . series gold 5s Co. 109 79% - 3 Vis 19 77% refund & " 86 refunding 5s series I 1981 Ry 87 77% AFirst and Malone 102 83 Vi <78% AFirst and & 101% 13 Jan-July 1967April-Ocl Jan 1975 (John) 1 86 52'A A Morrell 107% 79% First and refunding 5s series *F 1977—Jfar-Sept refunding 5s series G 1978—May-Noy §AConvertible gold 5V2s series 4 1P49__jfav-Noy Monongahela 107% — Jan-July A 47% —— 13% 102% 103% Quar-Aug __ 53% AFirst and Mohawk "103 Jan-July 1978 ACum adjustment 5s series {Missouri Pacific RR Co— A 104% 87% 1962 D , 10) % June-Dee 1962 series 100'A 104% 1971—May 1991—May - Prior 62% ■„ RR— A 5 Quar-Feb First mortgage 2%s 1975 First mortgage 3s 1978 94 — 105'A 106 Aprll-Ocl mortgage 4s lnc ser A Jan Kansas & Texas first 4s 1990 106% 42% • 1940——April-Oct 1967 103'A Quar-Jan 2047 — 109 109% "104% 105 »A "102% 105'/4 105% 56% Marie— General Missouri 109 Jfar-Sept 11 41 47% 91 54 % 102 85% .Jfar-Sept mortgage 3%s 1969 37/aS sinking fund debentures 88% 88'A "99% -Jfay-Noy First 76 * Refunding and impt 4Vis series C 1979—Jan-July Michigan Cons Gas first mtge 3Vis 1969—Jfar-Sept First 102%. 3 "104% 105% April-Oct ». 72 10 91 56 >,0 100% 100 VA .June-Dee 1974 6 9G 90 1 _ 102% 72'A 55'A (Southern Metropolitan Edison first mtge 2%s Michigan Bell Telephone Co— 3 Vis 72 Vi Quar-Jan 1997 3s Jan 1 (Minnesota) 107%' 108% 102% 103% "102'A 103 June-Dee 1997 4s registered 2047 Northern ; — 46% 1974—Mar-Sept ser A Refunding and improve 4Vis ser A 2047—Jan-Juiy Refunding and improve 5s series C 2047—Jan-July Refunding and Improve 5s series D 2047—Jan-July Collateral 104% ... 103'A refunding 4 Vis registered 3s -• 108% 108 Va "103 and lien 4s 100% 83 95 105% 106 Pacific Ry— General lien 105'/a 86 102'A 102'A May-Noy General Northern 105% 104% 12 99 "80% Mar-Sepi Ry Co— mtge 5s convertible lnc 2014—April-Oct Ry first gold 4s 1996—April-Oct Northern Central general & ref 5s 1974—Mar-Sept 01 61 105 105'A G3% Southern & Western Prior 1 __ 57 ■>100% AGeneral 77% 105% 9% 122 Va 104% Y Norfolk — 61 "104% — April-Oct 1979 74% 122'/8 11 79 Vi 37% 76'A 61% "74 % 61 104% 104% 61 61 15% 65 ^120 3% 102% 35 53% „ 2% 102'A "13% 63 — High 8 "17% U 104% 1 . 7% 40 Feb-Aug 14 57 56 3 Va Feb-Aup Jfay-Nov Jan-July 12 Manati Sugar Manila i first 64% April-Oct 1960 4s series 47 60 _._Jf«y-Noy debentures con 1937 56'A 53% Low 3 106 Vi 2003—Apra-Ocl 1955 4%s series A refunding 5s Jan ' No. - 59Vi M Macy Corp first SVis 1963 Susquehanna & Western RR— Y Range Since ' Sold 102% 102% Jan-July 82'A Bonds High 7% 3 April-Oct Jan-July Jan-July gtd 64 April-Oct 1st mtge consol 77 RR— Elec & 1st 55% Feb-A up ser Putnam 64% 1952 First and refund mtge 2%s ser G 2003 First and refund mtge 3%s ser H 2003 Louis Div second gold 3s 1980 Louisville Gas & 59% 1951 Cincinnati Div 4s Y 82 'A 56 Range Friday's 7% 1st mtge 2%s 1975—Jfar-Sept gold 5s 1943 Telephone 2%s series D 1982 Refunding mortgage 3 Vis series E 1978—Feb-Aug Refunding mortgage 3s series F 1981 Jan-July Niagara Falls Power 3Vis 1966 Mar-Sept A St Atl Knox & 101 N 5s mtge 3%s 100% 7% June-Dec 1955 *s & Light 73% Feb-Aug 1963 Na^hyihe First and g Power N „ 100% 100% Y 75'A 69 May -Nop June-Dee series debentures debentures Louisville 7s 1951 series 4s ^Geueidi 96 82% contingent interest 2003 contingent Interest 2003 Terminal Ry— First mortgage 5s extended to 1979 April-Oct Lexington & Eastern Rv first 5s 1965 F'h-Au» Miami 94 May May May 5s Little 10 — Valley Liggett & Myers Tobacco 5s 96 Jfay-Noy Jfay-Noy 4 Vis Series 96 or Bid & Asked Low Jfay-Noy interest 2003_: Last Sale Price High §ATerminal contingent interest 2003 Series Lehigh Low Period1 4s 1993 N Y State Electric & Gas 2%s 1977 Jan-July 2003 5s 4s 100% Feb-Aug 4Vis fixed interest 2003 Series C Series D No. High Week's Friday Interest New York Stock Exekango 1 . bonds— Series B fixed Jan {N mortgage 5s extended to 1984 Lehigh Valley Railway— First mortgage 4Vis extended to 1974 Lehigh Valley RR— 3 BONDS Sold N Feb-Aug 1st First MARCH {AN Y Ontario & West ref 4a June 1822—Mar-Sept Feb-Aug Lehigh Valley Harbor Term Ry— ENDED * Bid & Asked Low 1st WEEK Bonds le Price Lehigh Coal & Navigation Co— Sinking fund mortgage 3 Vis ser A 1970_Aprl]-Oct Lehigh Valley Coal Co— FOR Week's Range Friday 3 99% 100% Volume 171 THE Number 4887 COMMERCIAL & FINANCIAL CHRONICLE (969) 25 NEW YORK BOND RECORD RANGE Last Period 3s debentures First First MARCH May-Noo _ BONDS Jan. 1 NO. High Low . First and refunding mortgage 3s First and refunding mortgage 2%s 104% ." *151Vs 222 1972—May-Hoy 1979_Juue-Dec 222% *106V8 9 " — 105% 151% 222% 106 % ~2 , 2%s debentures 1964 .-Jan-July *101% 102 V2 53% 57% 120 52 57% 23% 26 219 21% 26% 101% 3 101% 110 3 102% 1974 (R J) Tobacco 3s debs 1973 Gas General Electric & General series mortgage 3%s mortgage 3%s 4s 4%s 3 93 95% 104% series stamped * H I series 1967—Mar-Sept Mar-Sept Jan-Jiup 1S41 106 % *107 Vb *7% Jan-July 8% ' — 8% Rubber S 106% Lawrence & Adir Second St gold Louis St 6s 1st gqjd Virginia ^ , r 8,, ( 104 67% * April-Oct 5s stamped 104 *73Va 1955_Jan-July * -- *100 5 67'/tt 103% 104 6=5 mortgage 4s series A 1997—— Jan-July ASecond mtge inc 4%s series A Jan 2022—May St Louis-Southwestern Ry— 4s bond certificates 1989 72 -- — 91% 94% Second 4s lnc bond certificates Nov General and ref Paul & St Paul Union first 3Vbs Depot Scioto V & North Eastern Seaboard First Air Line AGeneral mtge 3s 1971 first gtd 4s A 1989_May-Noy 1996 series A Jan 2016-Jan-July • 80% 99 - gtd Southern Bell Telephone June-Dac 2%s Indiana Southern Pacific 1969 ' 100% Map-Nov 96% 93% ——Map-Nov 1st mtge 3%s ser A 1975_June-Dec Pacific RR mortgage 2%s series E mortgage 23/4S series F 1996 First mortgage 2y4S series G 1961 Ry first consol gold 5s 1994 Memphis 3V8s first Dlv Louis Div first Bell gold gold Tel debentures 78 114V4 93% * gold 4%s Sunray Oil Corp Swift Co Walworth debentures Ward 50 % 1973— 60 Penn 102 West Penn Refund Assn of St and - 1 104 105 West Shore first 10 78 83 ' 36 100 97 Va 100' 95 V4 84 92 V 13 5 106 y8 107 Pacific 4V/2S Funding 2.65s 96 and refund M First and refund M Texas & Pacific General and first 3%s 109 — #103 101%.!l02 105 ~2 102 9 lo 50% 103 y4 107 40 3%s gold refund M series and real gold 97% 41 3%s C 2000 10 convertible ser E 3 Vis § ASu & Du 98% series 104 % 5 12 73 78% 19 100 101.Va 102 1 102 10234 91 12 102 SO SI 10212 103% April-Oct 52 Vb 73% 80 Va 90 91 A 52% Jan 50 VB 4 2 52% * 101 101 .102% 106% 106% 103 105% *102% 102% 106 V'a 106 V'a 106 *105% 106 V a 104% 105 b 104% 105 106% 107 May-Noc Jan-July 2014 52 V 106% 102 Va 6 *101 Jan-July 1979—Map-Nov 1966 I income 3 106 107 57 63 64% 82 59 64 Va .64% < 59% 70 55 V'a 59% 103% 103% 27 101% 104% 105% 105% 21 104% 105% 59% 103% 1013 4 101% May 101% 102% 100 3 100 Vb May-Nor debentures of ACertificates 103% Wisconsin 101V* 101% First mortgage Wisconsin Public 104 119 V« 125 Yo 2 104 105 included 105% 105% 20 105% 106% not iV 100 Vb 35 100% 100% IOOV4 23 99% 87% 87 85% *._,, 102% 102 3 103 __ 101% 103Va« 30 102 103 26 102% 103 10 102 V2 103 114% 115% — 1153s 115% 76% 76 76 76 1936—Map-Nov 43% 43% 44% June-Dec first 4s 110% • O <i¥ 4/102% Jan-July .Jan-July 100% 160% 100% deposit 106% 398 ipi% 1027s 103 —Jan-July ApriZ-Oct . 91% 102% " Jan-Julp - 100%; •' 101 y4 102 Vl09% 110% 110% June-Dec Mar-Sept 1960 90 *101 Mar-Sept Jan-Julp 1973 87V2 85 77Va 3 68 77 Va 74 76 76 41 44% deposit 104% 2 of 100 June-Dec 1950 100% Mar-Sept 4Vis estate div and term 103 101 101 99 % 6 99% 130% 130% 131 y4 15 128 Va 105 V'a 105 Va 105 Va 16 103% a Electric 106 100% Deferred in included Power 2%s 2%s in saie 1971. 101% the 101 n in the 100% 1001 year's Under-the-rule sale not year's range, Bankruptcy Act, 100 Va 107V2 99% 107% 107% Ja?i-July included not year's range, the 100 107 Va T: 100 % .Mar-Sept 3V4s Light & Power 2%s 1976_Jan-JuZp delivery the 1976 1979 Service y Odd-lot sale not included in the year's range, r Cash sale d-Ex-interest. range. e Ex-coupon. ^Negotiability impaired by maturity. {Companies reported as being in bankruptcy, receivership, 1311/4 101 99% 1985_Jan-July 91V4 101 78% 78 Map-Nov 1976 1970 1967— S B first 4s 104% 104% .'June-Dec 88 V 4 99 103% 80% 80 U&y-Nov 1966 1951 ACertificates 105 97% 5s Yonkers Electric 1990_Apn'Z-Oct 5s debs {Wisconsin Central Ry— gAFirst general 4s 1949— 50% 10414 125 Va 1970_Apn'Z-Oct 103% Telegraph Co— Winston-Salem 102 106% 125 series B 2 13 101 1 Wheeling & Lake Erie RR 2%s A 1992 Wheeling Steel 3 Vis series C 1970 First mortgage 3 Vis series D 1967Wilson & Co first mortgage 3s 1958— 106 105% 104 105% 90% 90% 100 1971 30-year 5s 1960 Westinghouse Electric Corp— 2%s debentures 1971 120% 92% l03 24 102% 102% 104 —_Map-Nov 118 103 *103% 104% guaranteed 2361 Union 96% 114 (4 92 4s Western 95% 95 21 96 104 3%s Western 103 Va 90% New Orleans RR— First W 2%s 3%s 97 4 *98% April-Oct 1965 126 99% 100 % 99% April April April 1981— mortgage 3s guaranteed Electric 3 V-^s 1974 93% 95 93 % 103V4 103 V4 Jan-July 114% 103 103 Jan-July 4s registered 2361 Jan-July Western Maryland first- mortgage 4s 1952_April-Ocf Gen mtge 4Vis-4,s series A 1969 Apr-Oct 103 % 103 *101 % impt 2%s series D 1985 Refund and Texas & B mortgage Louis- Texas Corp 3s debentures series General 25-year Jan-July Jan-July Jan-July impt M 4s series C 2019 103 % 37 *104% 105 April-Oct (subordinated) Power 114% 115y8 975/i 102% 105 % 108 % 124% 126 RR first ref gtd gold 3%s 2000 Feb-Aug Washington Terminal 2%s series A 1970—Feb-Aug Westchester Ltg 5s stamped gtd 1950 June-Dec West *103% 104% 97% * Warren 99% T Terminal RR 1958 debentures conv 124 96 48% 1C5 105 3 103 103 Baking Co— 107 *107 April 1966—Feb-Aug 1971—Map-Nov 1966 5s & 5%s debentures 103% 98% 88% 102 2013 1972 Co G 101 Va May-Noo 25/8s debentures tHiram> 124 *108 102% — * 1995 .Mcy-Nov mtge 3 Vis ser C 1973, April-Oct 3%s 106 93% 94% 106 la Jan-July Jan-July 1985—April-Oct (N J) debentures 2%s 2 Vis debentures 1974 mortgage 14 103 y4 104 1951— debs Standard Oil of California 2%s debs 2%s 95 —Map-Nov first debentures 96% *102 3s series B 7.-7',;' 100% 101 96 1996 5s 4s 2%s Standard Oil 2%s 19 — 93% Jan-July 1983 ASpokane Internat & 59 *87% —-Jan-July Jan-July Devel and general 4s series A 1956—--April-Oct Devel and general 6s series A 1956— Apn'Z-Oct Devel and general 6Vis series A 1956 Apn'Z-Oct St 99% 99% 99 *101Va 102 *100 1986— Jan-July First Southwestern Walker Co— First Southern 82% 102% 99% 78 91% *105% 107% June-Dec income 4V4s series B Jan 1991 75% — — 104 V4 104 \\ 104% ' Mar-Sept 1977 A 1981 San Fran Term Southern • 99% 90 ' 106% 107 - 98 % -- 116 V'4 General ___ 3 59% *91 _J&n-July 4s income series A Jan mtge First 98% 60 99 *123% 106% J&n-July —Jan-July Ry 2%s 1994 4%s 4yas ■ ■ 98 (Mar 2 at 102) Gen mtge Co— (Oregon Lines) Gold ' 967a . 6 103 V* 103 V* Jan-July __Feb-Aug 1987 4yas Gold 5 9934 - 98 W 101% __ 99 *50 - __ 99 Va •99 1963——April-Oct Co— . April-Oct 97% 103% 2 Wabash RR Co— 100% ' 105 96 102 V 3 15 98 1959—Mar-Sept — — 173 & Telegraph 1985 debentures Southern First 5s ' *102% —'—Jane-Dec 1979 debentures — 81% 103% 103% 4" 10312 103 % May-Nov 1967 consolidated First 104% — 26 105 102 % 106 103% __ 110% 103% % 101 __ 100% 100 % ■■ 81% 99 RR 1976 3%s debentures First lien and ref 105 V4 4 • 20 963a 96 April-Oct Gen V— Socony-Vacuum Oil 2%s 1976— 2%s 66% 99 % 106 -' *126 V* 127% — Jan-July ! 1974L debentures 119 "103 — 99 3s 118% 106 *104% 104% 1991-Mar-Sept 1966 First and refund mtge 2%s ser G 1979 Virginia & Southwest first gtd 5s 2003 Co— 4yas Ala 62 Via 10 - Feb-Aug 2%s ' —April-Oct Oil North 167 *107% ' 2%s debentures 1971—AprtZ-Oct tSASilesian-Amer Corp coif trust 7s l941_Feb-Aug Skelly Oil 2%s debentures 1965 .Jan-July South :& 64% 118% 119- __ & Sons 2y2s 1966——June-Dec debentures Union B series 4s Seagram fjos E.) Shell RR mortgage 1990—Jan-July gold 4s 1968-June-Dec cons 50 101% gold 5s series A Duluth 92 % 63% 119 '• —May-No® 1989. Jan-July 104 102% 102% . debentures Called bonds __ 91V4 64% 2%s Virginian Ry First St 92% 110 103 1970—June-Dec debs mtge 2%s ser E 1975_. Mar-Sept Filst and refund mtge 3s series F 1978— Mar-Sept 3%s convertible debentures 1963: April-Oct Louis-San Francisco Ry Co— 1st 110 *103'4 *104% 105 First and refund 71 72 4 -r U RR consol gtd 4s series A 1955. _Feb-Aug sinking fund series B 1957 .Mcp-Nov Electric & Power C*— Consol 6s 1996_-^_i.Jan-J«I|/ 1996 Rocky Mt & P 1976 Pictures Vandalia —...}Jlar-Sept 95% 101 Va 10% • Saguenay Power 3s series A 1971 92 — 2 8% 8V4 _7 8% 103% ' 103% 107 Va 7% 2%s of America debentures Universal __ 9 5 RR— debentures 2%s — — S St 1968 California 101V 1971—May-Nov 1975—AprlZ-Oct Map-Nov Refunding mortgage 2%s series C U *1061/4 __ 1969 1949 stamped of Pacific 2%s 105% *124 1967—Mar-Sept mortgage 3 Vis Series J RR 17 Missouri 3%s of United Biscuit Co General { £Rut-Cana4fian 93 Vz 1977—Mar-Sept D General t§ARutland 93 105 Vt 105 % — Corp— 4%s mortgage debentures Union Oil April-Ocf *95-% 1961—Mar-Sept debs 2%s Corp First mortgage and coll trust 2%s Union Reading Co first & ref 3y«s series D 1955—May-Nov Reynolds 103% 103% 56% 24% 3%s Orleans New of Tri-Continental R reorganized under Section or 77 of securities assumed or *Friday's bid and asked prices; A Bonds selling fiat. no by such companies. sales being transacted during current week. , NEW YORK CURB EXCHANGE WEEKLY AND YEARLY RECORD In the following extensive list we furnish a complete record of the transactions on New York Curb Exchange for the week beginning on Saturday. Feb. 25 ending the current Friday, March 3. It is compiled from the reports of the Curb Exchange itself, and is intended to include every security, whether stock bond, in which any dealings have occurred during the current year. and or RANGE Week's Friday STOCKS New York Curb Range Shares Wire Co Acme % 1 Aero Supply Manufacturing—. Agnew Surpass Shoe Stores 5 Associates Inc common (N J) 22 3 4-% Alaska Alles Power 4.20% Airlines Fisher & 8 8% 1% Inc —. 100 1 Altes (Mich) common Brewing Co Altofer Bros High Aluminum S3.75 Co Jan 1% Jan Amer Jan 4 Jan American Bantam Car Co class A. 21 Jan 23% Jan American Beverage common.. American Book Co Aluminum 50 4% GOO 4% Jan 5% Jan 2,000 1% Jan 2% Jan American 800 10% Feb Jan American 600 7% Jan Feb common preferred. footnotes see 5% conv 2 10% 7% 10%. 8 8% 8% 2,300 87% 20 225 7% 80 99% 12 8% Jan 8% Jan Jan 87% Feb 9,900 5 6 6 Va 600 ♦ 56% 100 101% 55 57 100% 101% 3,200 150 1 B_ Feb 4 Jan 5 Feb American Hard Jan 4 Jan American Laundry Jan 187'e Feb American Manufacturing Co 5% Jan 6V'a Jan American Maracaibo Co Jan 6 Jan American Metal 57 Mat 101% Mar page 7% * 29 Jan 49 Vz 48% 96 % Jan Jan 7% 50 6% Feb 49 '/a 4,300 45% Feb 26 RlA Rubber Co... •fo Jan VfJ IVe IVa 200 1 V'8 Jan 1% 76'/4 Feb — — — 14% s1-. Feb Jan Jan Jan American Natural Potash .Tbti Class Gas & _10c 9% 9% 3,600 , 2 Va 113'% 111 2 Vb 35 % 1 41 41 8% Jan 11% 11% 21%, 131 Mar S% 0 Feb Feb 115 Jan 2% 34 V'4 Jan 35 % 39 Jan 41 50 10% Jan 13 Vb 600 19% Jan 21% Jan 1.800 . 250 25 20 — —20 175 2% 35 -.25 com.. u- Jan Jan Mar Jan Jan Co Chem -25 16% 16% 16% 800 16% 18% oan 1 3% 3% 3% 6.100 3>'i» Feb 4% Jan 2 15% 15% 8 800 33% Jan 35% Feb 54% 50 % 54% 2,700 Mar 30 31 — common. Meter Co American E>__ 9% 111 • Products American .100 ... Machine Jan American High 1.400 1 $2 convertible preferred— $2.50 convertible preferred 102 51 % Jan. 100 % Electric— & Gas preferred... American General Corp common.. Jan 24% Low 13% 14% 8 3 Cities Power & Light- 6 5 .100 Range Since January 1 High 14% % ___1 1 —, 16 % 4% Low ..15 pfd 3% 4% common Aluminium Ltd common For Filter 4%% 2 Manufacturing Industries Air 22% • . of America cumulative Par iy» 4 101% 102 —1 common Aluminum Goods Shares 1 common Products far Week of Pr ices 4 % Allied International Investing Corp..„1 Allied Range Sale Trice Friday Low 500 87% 50 preferred Sales Last New Y'ork Curb Exchange Class 103b 3 Air-Way Electric Appliance. Alabama 2 1 Alabama Great Southern Week's STOCKS * Ainsworth Manufacturing Air 1 3 3 10 Inc JIARCH Range Since January 1 High 1% 1 common Hat Stores Adam Low 1 Aluminum Alloys Acme ENDED for Week of Prices Par ACF-Brill Motors warrahtS— WEEK Sales Last Sale Price Exchange FOR V V High 105 V'4 101% 1 , Jan.1 Low 103% 3s Rochester Range Since . NO. June-Dee RR Union Electric Co Oats Sold High Ave Ry first refunding 4s 1960 Jan-July AAdJustment income 5s Jan I960——"^April-Oct Tol & Ohio Cent ref and impt 3%s I960—June-Dec Term :: Quaker Bords Pacific— Pacific-Missouri {Third 106% 105 Va • 105 V4 105 % -- Friday's or Bid & Asked Low 109% 222 '. — 109 151% *109% Sale Price High r ■ " Last Period New York Stock Exchange *104% 105 _ Week's Range Friday Interest Range Since Texas 1963 3 Sold Bid & Asked Co— and refunding mortgage 3145 1968_Jan-JMlj/ and refunding mortgage 5s 2037__Jan-July and refunding mortgage 8s 2037—June-Dec First ENDED Bonds Friday's or Sale Price Low Public Service Electric & Gas WEEK Week's Range Friday Interest BONDS New York Stock Exchange FOR 6%. pfd -—25 29 V* — .10 47 Jan 54% 34 Vb Jan 37 3 75 26% Jan S3 900 26 Jan 31 27 Ve Feb - class A ___. Republics... 15'" 29 % x30% 29% 28 30% - 4,400 Jan Feb Feb -74 Jan ] ■, ' 26 (970) THE NEW FOR Friday STOCKS Rang© American Seal-Kap Superpower Corp common preferred American Thread 5% preferred $6 % • 5 American Writing Paper common 5 Anchor Post 7k 129% — Anglo-Iranian Amer dep 1 common Oil 6% Gas 1 $7 pfd American Associated 6% Jan 6% Jan 5% Jan 6% Jan 7 V» 1,150 12% Jan 13% Feb City & Suburban 2,400 2% Feb 3'A Jan Clark 6% Jan 7% 210 109% Jan 12% 13 3 4 3 Jan Claude 4 Mar Jan Jan 12% 11% 11% 11/8 lO-'a 27,300 10% Jan 12% Jan 700 10 % Feb 11 Jan 10 114% Jan 116 Feb 10% - — 10% 10 4 400 8% Jan 11% Jan 21% 21% 24va 12,000 X21% Feb 22% Jan 24 24 Jan 25 % Feb 10% 10% 11% 1,000 Jan 11 % Feb — 2,600 9% 100 0 4 55 274 2% 5014 4914 1 16 800 225 5014 5% 6 300 3 53 — 1 6 7,200 16% 16 1 5% 514 8% 814 8, 2,200 6% Feb 6% Feb Feb 13 41 % Jan 2% Jan 44 5 15% Jan 67 % Jan 3% Feb Vtc ext 17% Jan 4% 5% Feb 6% Feb 8 Jan 8% .Tan Jan 614 6% 7 4 2,900 6% Mar 9 17% 16% 2014 1,125 16% Mar 22 .'■in 3 1114 H'% 11 % 700 10% 13% Feb * 58 common Feb 2,400 52% Jan 50 36 Feb 36 36 10 -- 1 Ltd • Corp 59'A Feb 10% 800 9% Jan 5% 100 4 % Jan 38% Watch 1 4-4 6% common common Hedges Bickford's Inc 514 4% Feb 400 6% Jan 7% Jan 29% 30'A 3,200 6% 200 5% Consolidated Royalty Oil Continental Car-Na-Var Corp Light 10% Jan 5% Mar & Reynolds common 45'A 45% 525 33% Jan 9% Jan 42 10% 10% 76% 48% Mar 6% * Feb 45% Mar 114 — . — 10% 500 76% 2,100 69% Jan 114% 74'A 114% 180 113% Jan 116 Jan 104% Jan 108 Jan Jan ' — 11 Feb 77% Feb 14% 13% 14% 5,000 12% 4% Jan 4% Jan 81% 81% 82% 1,950 81% Feb 88% Jan 2% 2% 3 1,900 1% 1% 700 14% 17% 17% 11,800 1% Jan j7fl 4,600 10% 300 7% 4,000 6% 50 — 43 — — Jan 17k Jan % __ Feb 3 Jan 13% 10% — 14% 2% Mar 30 __ convertible preferred Courtaulds Jan 17% Mar 32 Jan Jan % Jan Feb A 10 11% Jan Feb Jan 7% 1,000 16% Jan 17% 9,400 8 5% Jan 8% 1214 receipts dep (ord reg)__£1 5 1 Jan Crown Cork Internat'l "A" Feb Crown 1% 100 1% Jan 2% Jan Crystal Oil Refining common 34% Feb 35% Jan 7% Jan 8% Feb 500 34% Jan 44% Feb Feb 8% 12% 8% 514 200 12% 25 4% 16,200 9 1,100 16% Jan Curtis Lighting Feb 8% Jan Curtis Manufacturing 12%. Jan 13% 3% Jan 4lA Jan 9% 62% Feb 550 19 Jan 600 5 Jan 6,300 6% 600 25 25% i"" 175 V 16% 5 24 Feb 23 5 Tb Jan Cuban Atlantic Sugar 22% 22% 200 Feb 7% Jan Feb 6% Jan 11% 11% 50 Feb 11% Feb ; 2% 2% 800 2% Jan 3% Jan « 2% 3% 600 2'A Jan 3% Feb — . • i- 3% £1 Co 58 58 10 50% Jan 20% 20 % 20% 2,600 18% Jan 10 10% 800 10 Feb 5% 50 15 15% 350 13% 34 34 __ —2.50 (Mo) 5% —5 8% 100 class A % 134 • 34 1 common Jan 7% Feb Jan 25% Feb 17 Jan 17% Feb Feb 33% Jan 22% Jan 23%- Jan Jan 8% Jan 8 Jan 8% Jan 1% Jan Jan 100 2% Jan 1,100 11% Jan 5% 2,000 5% Jan 18% 18% 9,500 14% Jan Feb 18% 2.50 B 16% 18% 19% 1,600 17£ 11% 11% 11% 1,400 •11% * Line * Sullivan 1 2.50 Ring Co 6 • 1414 1 % 12 %o 4% 15 7% 7 Burma Corp Amer dep rets Burry Biscuit Corp. 14% % 4 1,300 300 14% 7 4,400 Feb 2 24% ? 12% Jan • ' 5% Mar 5% Mar 15% Jan Feb , Inc.- — Dennison 8% —50c —100 Detroit Gasket & Manufacturing- 2% Mar 14% 3% 36% Jan 63A Feb x7% Jan ) IIS 100 1% Jan 2% Jan i x257k Jan 28% Feb 8% Jan i 13% Mar »' A -I'—" - ~7% ~7% 500 7% Feb 13% " 12% 13% 4,600 10% Jan * '135 ■ ~ —— " ... Feb 146 1 Jan 1 j itr 1074 11 200 9% Jan 11% Feb 2 Products Steel Devoe & Mar 200 lis 5 Mfg class A common.._ debenture -.A Detroit 250 7 35 Dejay Stores common i 34 • 1% 2 1,900 13A Jan 2% Jan —10 22% Jan 237k Mar > 11 Jan 12 Feb i , 23% 231s 1,100 11% 100 1% — 237k 11% • Raynolds class B 1% 100 17k Feb 1% Jan 13% 800 123A Jan 14% i * Jan • Ltd— Co American dep rets ord reg 4s Feb Feb 5% Mar 18% Mar 19% Mar Jan 6s,'a Feb Jan 12% Feb Feb .16% Jan Mar 9 Dobeckmun Co common __1 Domestic Credit Coip class A. Dominion Steel Dominion Tar & Dominion Textile Co Ltd Coal & B Chemical Co % Jan Jan 4% Jan 17% „ 17% - » „ -—10 72% - Jan 4 Jan 10 100 495 • — j Feb 38% Jan 167/8 Jan 18% Jan 24 % Feb 9% I Jan 23% 500 - 73% 10 X72 — # Duke Power Co 374 37 • common Co 4,700 ' ■ • Harris 4 3% 4. * —25 Ltd Draper Corp Driver - • class 13 13% ..1 . Bridge Co Ltd. Dominion Jan Jan 22,000 4% i 6% - 10c Dayton Rubber Co class A 2% common.. Feb 21% Jan 58 ' Davidson-Brothers Inc Jan 23% 400 ■ D Distillers 1 5% 15 2.50 Davenport Hosiery Mills Day Mines 8 8% 11 —, • Inc common. Feb 13% class 3% Jan 5% common.......5 18% 32 __ — Jan 5% 2,200 84% Mar 22% 6% 2% 900 6% Feb 5% 5 800 6% Jan Jan 80 20% 2% 6 5% Jan 7% 270 6% 10s Jan 2% Detroit Gray Iron Foundry reg Jan 1% Jan Jan 7% 84% 18% £1 1 Jan 3 32 % 30% Mar 6% 2% 10 Jan £2% 18% • 2,500 5% partic—1~* 25c $6 preferred.— Feb 51 18% • 8,600 1 % 5 (Md)_ Drug Co common—™ 86 775 1 -t* !♦ common 31% 1 Jan 62% ♦ T Jan 3 __ 30% -1 1 —6 52 60% 84% 31% Feb 3% 4 — 44% Ltd— Creole Petroleum 5% 5% & Jan 7% 12% 2% Hill Jan 6% 17% Jan 12% Piston 39% 8,700 7% Jan 5% Burd 8,600 7% 7'A 11% 8 2014 Power Co.-A.- Power Ltd 48'A 6% 17% 1,700 2% Pipe 46% 7% 3 12% 11% 12% Mills Jan 48% — Crown Cent Petroleum 1 Bunker Feb 5% 1 Crowley Milner & Co cumulative junior preferred—10 Brown Rubber Co common 1 Buckeye Feb 6% * 15 4% Bruck ...6% Jan 1 Crosley Motors Inc 100 Brown Forman Distillers Co Jan Jan 4% common Petroleum Feb Jan • (EL) 5% 4% 2,300 ___1 preferred class A Cosden Jan 300 B Bruce 100 7,400 5% • Jan 3% Tobacco— Columbia 5% 6% oc 7% 200 • dep rets ord bearer Class Jar. 5% 10 Inc 5% 7% • dep rets ord reg Celanese Ltd— British Jan 4% * 17% 84% • rets ord 8 14 6% & Machine Co—I Jan 34% _4 Amer dep Jan Jan Jan 6% 31 5% • Jan 7% British-American Oil Co Amer Jan 27 14 ' __ Mining & Smelting Ltd—5 34% 25 Manufacturing Co Amer 6% ; 1 Consolidated 6% 81% j. Class A British 29 — • Consolidated Liquidating Corp 12 % 7% —1 common American Jan 7'A ——100^ 100 25 1 Brazilian Traction Light & Breeze Corp common British Feb 17 7% Pwr Bait com..• 2,100 8114 prior cumulative preferred.100 Gas Jan 13% Jan 7% 1 Lt & 17,500 • Borne, Scrymser Co Brillo 16% Jan 16 25 7% 1 common (S) & Co common Bohack (H C) Co common Bridgeport Feb 12% 1 1% 1 Blumenthal Bourjois Inc xl5% 100 Feb Cuban Tobacco common 514% 300 400 25 5% 1214 1 common Ridge Corp 16% 13% 16% 2% Co 4% . 1 Birdsboro Steel Fdry & Mach Co com.* Blauner's common 3 Blue 15% 13% 16 1 15% 6% 15% 1 Inc Co Benson & Jan 3% Croft Brewing Co Telephone of Canada common__25 Benrus Jan 787k Jan — —1 Inc Beck (AS) Shoe Corp Bellanca Aircraft common.1 Bell 1% Feb Jan Consolidated Gas Utilities American Pwr Beau-Brummel Ties Jan Feb Jan • series B preferred Corroon 59 % 58 514 & Co 8% % 65% 20 preferred series C_ 5% shares Steel Jan 1,300 13,700 * 30 Refractories 7% 1 70 1% to 1956 Consol Gas Elec Jan Banco de los Andes— Baumann (L) 500 13 Compo Shoe Machinery— Feb Locomotive— Barium 8% 2% Community Public Service 6% 5 7% Basic Feb 16% —1 Manufacturing Colt's $1 & 10 1,300 Colonial Sand & Stone Co Jan B Lt Jan 13% Development ordinary Colon Coro Tr 7% 20,900 Cornucopia uold ivmico Barcelona 600 9% 8% Jan 3% Cook Paint & Varnish Co Co Feb 2% common Continental Foundry American 19 4 Colonial Airlines 4%% 200 a Plow Co Cockshutt Jan 51 25 preferred Baldwin Rubber Jan Jan 400 6 ♦ Baldwin 17% 2% Commodore Hotel Inc 11 0% — * Co 325 3 Club Aluminum Products Co 115'A 115% - Inc Wilcox Jan 19 3 Clinchfield Coal Corp common Automatic Voting Machine Avery (B F) & Sons common Babcock & 64% Jan 4 21% common Jan 9% 2% Clayton & Lambert Manufacturing 3 % 10% . Ayrshire Collieries Corp 11% 62 25 67% __ 1 5,000 50 preferred High Feb 450 ___1 common 8,700 3% * Co Products Inc Neon Low 10 63% 18% 9% 69% —1 Manufacturing Co Clarostat Jan Rang© Since January 1 / 10 __ „ 5 10 Homes Co Controller 112 2414 America Corp warrants Atlas Plywood Corp 6% Jail Shares High 62 __ 1 for Week of Prices . Low 62% 18% . 10 common 11/a £1 reg Atlas Cities Service Jan i.l Associated Tel & Tel class A Atlantic Coast Fisheries Atlantic Coast Line Voting trust certificates Consolidated Mining Chief 6% * of Chicago & Southern Air Lines 200 7 1 rets Steel 500 Industries— Laundries Automatic Jan 10% 4 2.50 Refining Co__ dep 4% Chicago Rivet & Machine 11% ♦ preferred Electric Jan Mar 133 • non-voting Aspinook (The) Corp Associated 4% 500 110,, 1 9 4 — 10 & Jan , __ 10 4. • *. Sales Rang© t , —5 common Chesebrough Manufacturing com • preferred conv Jan 900 6% 100 common Arkansas Power & Light Aro Equipment Corp $1.20 % Cherrv-Burrell 1,000 3% 1 Ashland Oil Feb Par < , City Auto Stamping 12% 1 Argus Inc Common class A Feb 13 116% Ova 7 — £1 Apex-Elec Manufacturing Co Appalachian Elec Pwr 4%% pfd Natural 5 % Ltd— Co rets ord reg Angostura-Wupperman Arkansas Jan 650 xG xG 3% 8,200 % 4% 6'/? ._ _ 2,900 5% Week's Last Sale Price High Low 133^ 47k 4% 2 Products Friday STOCKS New York Curb Exchange Range Since January 1 High 5^ „ 10c series Angerman Co Inc Shares Low 2 common Amer EXCHANGE ENDED MARCH 3 tor Week «I Prices Sal© Price WEEK Monday, March 6, 1950 Sales Week's' Las* Par FINANCIAL CHRONICLE CURB YORK RANGE New York Curb Exchange & COMMERCIAL Feb 10% Feb 69 Jan 74 Feb 26 Feb 29 Jan 85 Jan 95% Feb ' 5% Feb 57k Feb • i j 95% 425 5% 57k 200 2% 27k 800 2% Feb 27 k Jan i ; 12% Feb 147 k Jan ; 4% 4% 600 3% Jan 4% Jan : 14% 3.100 13% Feb % 17,250 % Feb 3% 1,900 3 400 67 65 3 4 92 ) Dunlop Rubber Co Ltd— American Duraloy Durham Hosiery class B —£1 dep rets ord reg (The) Co 2% 1 _ _ ' * common — __ — ' Duro Test 1 Corp common. 4 14% Duval Sulphur & Potash Co Warrants w i Cable Electric Cables Products common—50c American dep rets 5% Calamba Sugar California Electric Camden Fire Ltd Power Insurance Bread Ltd Class B Feb Co 6% ~7 % — _7% 200 Jan 8% Jan 7% Jan 8% Jan Feb 3% Jan Jan 73% Feb Feb 75 Feb 29 W) "5% ~3% ~3% 14,700 18% 18% 50 8% ■ 73% 8% 800 70 73% 113% 114 3% 2%8 17 Jan 3% Feb 3% 3% Jan 30% Jan 19% Jan Jan 3 Jan 4 Jan 5% 217k 21% 23 2,300 18% Jan 23 Feb 7 7'A Jan 80 Feb 10 10% 1,400 87k Jan 107k 1 __ * _ Jan 3% Jan 19 1874 19% 38,400 177k Jan 1974 Jan 1 — __ 15% 15% 16% 700 11% Jan 17 Feb 60 103% pfd— .100 104% 105 Corp common 1 Ltd Corp — 17k 17k % 10 — 1,100 1% 15,200 44 57k 1 _ 100 14% 13 43 __ 1 _____ — 6 6 14% 1 $3 convertible preferred Esquire Inc Jan 5 10c 114% Jan 3% Jan "4% 6% 100 5% 200 i'if 1% 16 2874 25 105% Jan Jan x6% Jan 147k Mar Jan . ,, 174 Jan Jan 42 5% 7,100 i"a 16 Feb Feb 57 k 12 X45 Jan Jan 6 Jan TJ Jan Jan iV 15 16% Feb 297k Mar Jan Jan 4 500 4 Feb 5% Jan 23% 50 23 Feb 26'A Jan 5% 5% 1,900 4% Jan 7% Jan Fairchild Camera & Instrument & Airplane J. Metallurgical Engine 85 330 81% Jan 85 Feb Fansteel 1 10 9% 10 500 8% Feb 10% Jan Fire Association 94% 95 100 94 Jan 95 Jan First York Corp common 20% 21% 2,200 14% Jan 870 142% Jan 100 10 20% 164 . 20% 7 158% 165 __2.50 10 common ?Q 22 Feb 165 Mar 20 21% 550 14% Jan 21% Feb 20 21% 1,000 14 % Jan 21% Feb Feb 7% Jan 7 7 100 2 1 America Jan Equity 73% Mar Jan Feb 7 3% 10 common oasre 67% —5 84% series—-100 preference «ee Jan Feb Empire District Electric 5% .Fairchild Conv pfd opt div series 1929 Century Electric Co common Century Investors Inc Corp 75 62% Empire Millwork Corp Emsco Derrick & Equipment 85 100 For footnotes Feb 75 Jan 5% preferred of 70% 1 Jan 23% 4 Central Power & Light A.% pfd 100 SCentral States Elec 6% preferred__100 Co 25 66 1 Eureka Pipe Line common 10 Central Ohio Steel Products Chamberlin Electrographic Corp common. 71 % 63 9 63 2,900 71% 3'A 113 3-% 66 Feb 150 3 % • beneficial int 100 Cessna Aircraft Co • shares of beneficial Int. Common 3% • _ Jan 475 3,300 common preferred Convertible Corp $5 pfd shares of 1,000 25 — 8% £ common div 6874 2s 6d & Co opt 71 6574 series A series B Sugar Associates— Eureka preferred 3 70 687k 3 -- Light $5 pfd Biscuit Co Co 3 71 Electric Eond & Share common.. Ltd— (J States • common. Easy Washing Machine class B 100 ... & Assn prior preferred preferred Eastern common Power 4%% 100 100 Eastern Gas & Fuel $7 preferred $6 preferred Catalin Corp of America Central Maine Power Co— Charis Jan Jan Eastern 2.50 Products Conv 23% Ltd— Co Castle (A M) 1% Jan Alcohol— dep rets A ord dep rets B ord 3.50% 9 common non-voting & Carreras Casco Jan 7% Carr-Consolidated Carter 1,200 22 % Capital City Products common; Carey Baxter & Kennedy Inc Amer 8% Eastern Malleable Iron preferred Amer 8% common Canadian Marconi Carolina 7% voting Canadian Industries Carnation Jan preferred Industrial A 8,600 20 Canners Canadian Carman Feb Feb 6% Ltd Co Convertible Class 1% Jan 5% 6 ! preference Canadian 1% Jan 6% 8% Corp Canada Cement Co Ltd 1% preferred—£ Estate Calgary & Edmonton 6%% Jan Jan Jan % % 17 Wireless— & Canada 4% Jan 1% 1,300 374 4% 4% 14 5c to $1 Ford cumulative (M H) Co Jan 3% Jan 4% Jan 6% Feb 7% Jan Jan 9% Feb 100 9% 450 8% 12% Jan 65 64% 65% 350 X61 % Feb 76 ,1 Jan 27k Jan 3% Jan 3274 Feb 21 Feb Ford 6% Feb 2% 31% 31 % 32 -.1 20% 1974 20% 200 16% Feb 3% 374 1,200 37k Feb 5% Jan 21 Jan 26% Feb 22% Jan 28 % Feb Ford Motor of France— 2,700 Jan preferred. —1 non-voting Class B voting 4% Jan 10% 3 2,200 150 31% Mar * Feb 6% Jan 4% 3,700 Ltd— 3% 6% 2274 32,100 1174 27 k deposit rets ord reg____ _£1 38 % 6% 9,800 6% 107k 6 Co— Jan 4% 29.7 k 5% 11% 28% 1 8 10c Stores Motor American 1 ~10 (Phila) Feb 37 4 9 $2 dividend Fishman . Motor of Canada— Class A American deposit receipts bearer • 23% 23% 1,300 • -7 54 k 13,700 •H ^n ; Volume Number 4887 171 THE COMMERCIAL NEW YORK RANGE Friday STOCKS £ ■ Port Pitt Brewing Co Fox Fuller (Geo A) Shares Low 17 MARCH Friday 8,300 11% Jan 18 9% Jan 11 % 7% . Jan 29% 5 12 % Feb 32 10 350 12% Jan 12% Mar 7,100 Feb Kings County Lighting common 4% cumulative preferred King Seeley Corp Kingston Products Kirby Petroleum Mar Knott Power Co common.: 16% 16 16% 1,300 1 5% 5% 5% 300 Alloys Co * General Builders Supply Corp com—1 IV: lVa 1% 3% 3% 3% 5 7c preferred Gellman common : General 5% 100 r Mfg Co —. convertible General preferred dep rets ord General Fireproofing General Outdoor common Adv 6% General Public Georgia Service Power $6 $6 3% Jan 3% Feb 23% 1 6 107% Jan Jan 10 100 Feb 4% Feb 100% Feb 25 114 Jan 115% Co 107% Feb 107% Feb 2,900 3% Jan 4% 5% 1,500 Class 14% 200 14 Jan 14% Feb 11,600 15% Feb 17V4 Jan 900 11% Feb 13 Jan 11 Jan 15 Feb —: 15 14 % 2 1% 2% 42% 42% 25 25 350 79 79 30 .. ' • 25 • Consolidated Mines .. . 1 Goodman Manufacturing Co Gorham Inc class A % Rapids Varnish __ 6,800 1% 25 % . .. 41% 15% 12% 16% — • 143 10% 100 Paper 45 28 25c Gulf States Utilities $4.40 100 Gypsum Lime & 2 pfd_; ' 11,800 9 200 128% Jan 180 130 Alabastine 44 30%. 10% __ • __ Lamp Co Hamilton 5 Bridge Hammermill Hartford Co Ltd Paper Electric common 12% ' 1 Harvard Brewing Co 1 Hathaway Bakeries Inc Corp Hazeltine Hearn Dept Stores Hecla 1 5 Mining Co 111% Jan 5 % 7c * 4% preferred preferred (R) & Hollinger w i Co class __' G Horder's Inc Hurd Lock & & Jan 400 10% Jan 16 Jan common 8 3,800 6"% Jan 1,100 10% Feb Jan 15 12% Feb Jan 12%' Feb 10 96% Jan 101 /. 9 Va 20 82% 1 30fl 9 Feb 9% 45% Jan 48% Jan 3,800 8% Jan 9% Jan 3()0 33 % 100 50 33% 525 20 800 82% 4 Va 11% 2% 2% 31 Jan 3% Jan Jan 34 Jan Feb 13% Jan Jan 160% 46 Feb 3,100 4i% Jan 167 Feb 32% Feb 34 Jan Jan 110% Jan 18% Jan 20 Jan 86 Jan 2 14 8()0 2 Va 15 4 Feb Jan 51 Feb 8% Jan 14 Feb • preferred common • 4% Jan 10 Co common—: Chemical of deposit 7%:. ; 3% Jan Jan 18% Jan 1 oc » * 18% Ireland 18% pfd 7,900 18% Jan 20 18% 1,400 18% Jan 20 Jan 1,300 11% Feb 13 Feb 8% 100 Insurance Co of North America.. lo International Preferred A ♦ Public com Service 4.90% Light Air w McCord Corp McKee (A G) McWilliams • Mead Johnson & Menasco Mfg 11 % % lb xl% 29% 30% 4,100 * 23% 23% 23% 95 95 13% 6% 100 .___ Manufacturing v t c_ * Chute Jan Jan 200 1% 30% 7% 7% 2 2,100 3,600 1 Italian Superpower Corp com class A__* 1 - % Jan % Jan 10 Jan Jan 8% Jan 8% Jan 12 Feb IV2 29% Mar Feb % 2 95 14% 600 13% Feb 16% Jan 7% 1,100 5 Va Jan 7% Feb 1% Jan Jan Jim Brown Stores 1 (N J) Co common Julian & Kokenge Co 1 Kansas Gas & Electric 77o pfd_ Kennedy's Inc Key Co common Kidde (Walter) & 5 ; • Co 6% 5 17 . 12% For footnotes 100 see page 29. — 35 ~ Jan 2% 38% Feb 2% ' Jan Jan ~6V» "G% 600 6 Va Feb 7% Jan 20% 21% 1,400 18% Jan 21% Jan 3% 21 3% 200 3% Jan 4'4 Jan 6% Jan 1 % 4,000 1 Va Jan 23% 300 17% 39% - 1% m 1% i'i ' ' _— , Jan Jan 23% Feb Jan 43 Feb Jan 31 Jan 7 ■ 1% 30 23 Va Jan 7% 7% 16Va 16% 7% Feb 16% 4,300 13% Jan 2 '/it 16,000 1% < Jan 2 2 700 7% Jan 17 Feb 2>/a Feb 5 100 5 108% 108 "4 100 •: 4% Jan 5% 104% Mar 108 % Feb 6% Jan „ (7s- Jan Jan Jan 8% Jan 1% 1% 300 1 Feb 1% Jan 7% 7% 7% 1,100 7 Feb 8% Jan 7% 7% 1,400 7% Feb 8% Feb 9% Jan 6% 15 West Midland Oil Midland Corp Steel 1 1 common conv "9 % 8% 9 % 2,000 2% 5 common.. Corp $1 6% 7% • 10 Micromatic Hone Corp Middle States Petroleum Middle 53 500 2.50 preferred 2U 2% 37,000 8% Co Mid-West Midwest • Abrasive 10 24 Co 15% Jan 13 5,150 Jan 3% 20 20 1 20 % 24% 2% • 1% 5% 30% 10% Jan Jan 21 Jan Jan 25 Feb 1% Feb 3,700 5% 6 Jan 4 23% 250 ~2% 50 Feb 17% 20 1,100 24% 1 '26 Jan 2% Jan 600 5% Feb 6% Jan 30% 100 30% Feb 32% Jan 10% 11% 1,100 * 37% 37% 100 1 Service 7% 7% 1,000 7% Feb 7% Jan 1 Molybdenum Corp common 2% 2% 2,300 2% Feb 3% Jan Producers 101 99% 101 Tel & Tel 182% Feb Feb 37% Feb 99 Feb 105 Feb 107% 1,400 2% Jan 3% 181% 183 110 176% Jan 183 Feb 34% Jan 38 Jan 2% 35 Feb 6% 6% 2,20() Jan 6% Feb 13% 13% 1,600 13% Mar 15% Jan 34%. 35% 100 1()1 1,550 31 Va Jan 35% Mar 97 Feb 6 % 5 120 104 Jan 24 • 36% 2.50 8% 10 50c Jan 100 5 common.— Jan 35% 13% 35% 100 Verncn-Woodbury Mills Murray Ohio Mfg Co Muskegon Piston Ring common Muskogee Co common.. 11% 104% Feb 102% • Mt 300 Jan Jan 34 3 ~2% 10 common 10% 101 pfd—100 common Monongahela Power Co— 4.40% cumulative preferred 100 4.80% cumulative pfd series B 100 Monroe Loan Society com class A 1 Montgomery Ward & Co class A • Moody Investors participation pfd * Morris Plan Corp of America 10c Company 14% 50c common convertible preferred States 15% • Mining Corp of Canada, Muter 2%' Jan 10%. Jan 50c Co Wohl 4%% Jan Jan 2ft Products— common Oil Feb Mar 10 preferred..* $2 non-cumulative dividend shares—* Midvale Mar 36% 8% Jan 25% 32% 100 Jan 36% Mar 200 8% Jan 8% Jan Jan 12% 13 11% 12% 13% 13% 200 4% 4% 300 Jan 4% Feb 3% 12 3% 5,700 3% Feb 4 Jan 29% Jan 300 12 % Feb 13% Jan 3,200 10% Jan 12% Feb Jan 13% N Nachman Corp Namm's Inc common National Bellas Hess * 3% Jan National Rubber Jan 19% Feb National 4% Jan Feb Feb New 15% Jan 17% Jan New 50 liy2 Jan 13 Jan 100 9% Jan 12% Jan 13 Jan 7% Feb Nestle 105 Feb Le Machinery New New Mexico Park Radio Co Jan 8% 9 Jan 13% 100 10 Va Jan 14 Jan 9% 900 8% Jan 11 8 Va Feb 9% 6% Jan 7% —— 700 «... 7 10 7% 900 3% 4% 2,500 7% Mar 17% 3% 4 3% 4% 14,100 5 34 29% 34% 3,80() 1 6% 6% 6% 100 94% 93% Jan 2% Jan 2% Jan 24 % Jan 18 Tel Watch Co 4% Feb 34% Mar Arizona Mining Co common Land 300 5% 94% 330 92% 1 1 1 % 2,300 1 Jan 1% 20 4 4 4 100 4 Jan 5 53 > 1 8% 1 1% • 52% 7% 1% 76% 54% 5,000 8% 2,500 1% 900 76% 25 Feb 52 % Mar 7% Feb 1% Feb 6^ an Jan Jan Feb 1 Jan Jan Jan 4% —25 & Feb 12% Mar 7% 30c common 32 Va 1 r~4 O 9% * Tel Co i Jan 13% 1 Clock & & 8% 4 2 Ltd— Jersey Zinc Process 22,50() common 4%% convertible preferred New 950 12% 4 Co Car Mur England Haven 31% 12 13 1 Cooker common Neptune Meter common 100 31% 12% 1 Fabrics Mallinson Union 31% * Mfg & Stores common Steel '• 3% 25 Jan 117 1 Gas 3% National 13% 1 common preferred 400 Jar. 10 National Breweries common 3% Feb V — Jan Radiator Mar Jan 7 National 11 Feb 15% Mar 14% 55 Jan 103% 9% Jan Jan Jan 3% 500 8Va 14 13% Mar Jan Jan 11% Jan 6% 3% 11 Jan 14% 6% New preferred 30% Mar Mar 13 6% 100 11 % 700 1 3% 11% 13% 125% Mar 113 Michigan Bumper Corp Michigan Steel Tube. Michigan Sugar Co common National Pressure Kimberly-Clark Corp— 4 % 7c 13 Jan 8 8% Mar 12% Feb 106 Jan 5% 12% Jan 111% 5% Jan 64,300 26% 50 1,500 Jan - 10,400 8 6% 6% 3,250 30% 6% 3% 17 125% Jan 600 6 % Mar 5% 7,300 17 Mar 112% 112% % Feb 14 142 7 % xll4% • 1% Feb Jan 121 25c 8Va TOO ; 121 x29 Jan 13% 9 % Mar Corp common Participating preferred National Kawneer Co % 23,100 2,150 '2 30 Feb Jan Scott Corp— Metal Textile 17% ;—1 Jan 8% 80,800 125% 112% 1 K Corp 26% 3,000 National Transit Kaiser-Frazer Feb 5% 4% ♦ Jan 24 5%. 3% • 1 Va 14 5 3% 1 Preference 27% 5% 7% 8% 26% 1 3% 1 ill 13% 136% 142 • A preferred National common Lake Sulphur Co 1 23% Mar Jan 1 27 Jan Jan Jan 23% Mar 100 Feb 26'4 ..Feb 92% 1 Ye 27 Jan 30% Mar 10 1 8% 3 Mesabi Iron Co 7% Jefferson 1,300 Warrants 6% % National Fuel Jeanette Glass Co 9% 1 Co. Merritt Chapman & 82% Mar 11 4,700 • Jan 700 25% 10 & Co class B 75% 400 24 9 1 Dredging CO CM 2,100 24% * Jan 7% 50 50 • common 15% 7% Feb 27 26% £1 $2.50 preferred Mountain States Power 11% Jan 27 10 Mountain 7% 12 Va • common Jan 1 d_.__.___ • McAleer Mfg Co common 5% convertible preferred McClanahan Oil Co common Mar Co— preferred Fireman Irving com 1 Shovel Massey Harris 102 * wd 100 (The B) Co Mapes Consolidated Mfg Co Marconi International Marine 113 7% Jan 26% 14 Manischewitz Jan 11% ♦ . & 7% 10% 100 Jan 7% 400 300 Jan 11% 11% 1,600 14 1,300 29% Mar 9% 103 <* Feb 13% 300 <01 28 15% CO iH 82 V8 150 8% 1,200 * Royalty Illinois G & E Power Iron 98% 29% 13% 15 10 1. International Safety Razor B Iowa 200 Feb 18% 14% 108 * Registered shares Iowa 102' Jan 15% Jan — 142 Co 14% _. 50 Industries International Products Iowa 101 106 Jan 14% Jan 15% 13% Mountain series Metal International Petroleum coupon shs Investors 102 106%. • Hydro-Electric— $3.50 International Machinery Jan 12 £1 Cigar Jan 3% 11% -- Imperial Tobacco of Great Britain & Indianapolis Pwr & Light 47c 10 18% 18%' 5 Feb 13 2,300 15'/.j Monogram Pictures Imperial Tobacco of Canada Inernational Feb 12 Va 2,100 11% 11% 100 common Missouri Public Jan 700 15% 18% 1 Service Miller Jan 14% 3% 13 % 14'4 17% 10 Public Jan 3% 300 7% Feb M 17% 300 600 Jan 9% Feb 100 3'4 8 Va 7 V* 5 14 15 Va 15% 7% Mar 2 Jan 15 V4 ■v 6 Lynch Corp 2% £1 Jan 100 6 6Va 29 % * Feb 3V4 * receipts registered Imperial Oil (Canada) coupon Registered 22% 12% 18'4 • wi 2 " Industries— American dep 7% Jan — 1 77o preferred A ctfs of deposit 6% preferred B ctfs of deposit Louisiana Land & Exploration Louisiana Power <fc Light $6 pfd Minnesota Power & Light 5% Imperial Jan 20 26% certificates common Jan 900 1,000 Long Island Lighting Co— Common 8 % 6 Vis Mar 7% 6 • _5 Lone Star Gas Co (Texas) Longines-Wittnauer Watch New 2,700 Jan • Locke Steel Chain 1,000 I Illinois Zinc Co 6% Mar 21% 6 25 Midwest Piping & Supply common Mid-West Refineries ' 15% Inc Loblaw Groceterias class A Class B Mar 81 400 ' * Lit Brothers Jan 100 9% 167 33 19% 14 Corp Lipton (Thos J) Inc 6% - 48% 5 ... .'76% Feb 3 Va '.,-i 81 4%. 1 1 v Mar 108% , Food Products Jan 10* 47% 166 , 1 6% Feb 5 12 Va 7 1 (R G) common 12%. Jan 11% 100 4? 33% 1 preferred Hydro-Electric Securities Jan 13 150 300 3 » warrants Jan 14 » stock 8% Jan 11% 12% 11% 5 common Feb Feb 12% 33% 5 Refining 11 20% " -- ;*■ Lefcourt Realty common Jan 2% 100 convertible Hygrade 2% Jan x9 Va *■ ... Manufacturing Co Common Huyler's Jan 1% 3 15 Refrigerator $2.25 pfd Hussman 1st Inc 1% 47 ' 9'V -- _ (Harvey) Humble Oil 1,800 ' -4 • (Geo A) & Co Horn & Hardart Baking Co Horn & Hardart common.. Hubbell Feb * ; preferred '50% _9 ' ~ ■ ____1 . Horrnel 5 7c Jan 74 5 Holly Stores Inc Holophane Co common. Jan Feb 101 ' lo M 16 14 % 12% 101 __1 A Consolidated Jan 47% 100 common Jan 11% 14 12%: 100 w w Henry Holt & Co Hoe w 6% Jan 12% •Jl' 2 ■ Feb 100 11 Va Jan 20 5 _ Lionel Jan 250 11- — Class A Heller Co common University Le Tourneau 109% %' 7% 11 Va * 7 5 Mangel Stores 15 7%' 25c Helena Rubinstein common 5 Extension Maine 900 14% Jan Monotype Machine Feb 19% 12% Corp of Delaware Salle Feb 10% 200 Lamson La 10% 800 " 14% Lanston 31% 18% 18% Jan Jan 2% Feb Jan 5 14% 6% Jan 10% * common Jan 300 1 9 400 2% Lakey Foundry & Machine 26% 2 2% 16 Feb 100 20 2% 4% ,200 2 Feb Jan 10% ln% 1% Feb 9% 1ft Jan 600 30% 2 32% 23 Va 2,800 Macklntosh-Hemphill Co 50 % *- ' Jan 800 5 Marion Power 1% 600 9 Va 11 Feb 15% . Jan 13% 5 Communication Co Ltd - 13 % Feb 49 _ _ 49 Va 32% 9 "2% Feb 137 ...... • 25 Jan Feb Jan 145 10% 5 Light 10 12% __ 31 9% 17 Va Mar Jan Feb 4% 44% 5% ■, Jan 1ft 9-% 10% Jan » Hartford Rayon common 33%c 40% 5% 11% Feb H Hall l,20u 1 700 111% 111% __ Feb 7 Feb :• Jan 16% Mar Jan 10 Feb 6 65 - Jan 823 Jan 45 Jan .Jan 6% JUn % Feb 61% Jan 'l35y«.13G% 30% . Jan 200 42% 30,200 1% Feb 4% Mar 10% .. 17 Va U 3% 2% 10% Jan 79 141% 143% .136% 25 Jan Jan % 200 7,7 2% Mar 1,500 64 Jan .Jan 4% 64 5 preferred Feb 25 Pacific Tea— Griesedieck Western Brewery Grocery Stores Products common 19% 74 ; ... 64 1 common stock Northern % . 2,900 45 * Gorham Manufacturing common 10 Graham-Paige Motors 57o conv pfd__25 Great Atlantic & 15 50 Gray Manufacturing Co Jan Jan 15% 16% 11% xl2% . 5% — * prior preferred Feb 17 1 B $4.50 5% 200 5 Inc.— 14'/a Feb Jan 800 16% Feb 22% 1 Jan ... 1 (Adolf) Inc common Godchaux Sugars class A 3% Jan —1 Jan 20 3% 14% : — 3% 10 Lake Shore Mines Ltd Feb 4% 2% 18% 3% 31 Jan 21 400 42 . Laclede-Christy Company L'Aiglon Apparel Inc Jan 6% 3,600 16 Gobel 1st Feb * Glenmore Distilleries class B__. Non-voting 100% 2,900 18 ^.25 Feb 5% -- * _ & Co Feb x49% 3% * Alden Coal Jan 8% 4Vb 107% 107V2 22% 1 8% Jan Feb 7% Jan 115% 115 % 3% 1 7% Jan 41% .100 __ 2 Feb Jan 10 __ 1 6% 6% 6% 4 100 .. 22 Va 1 High Jan Feb. 1,000 104 6 4% ... » 300 1,500 49% 7 38'/a Jan 8 47% * Gladding McBean Great 1,500 1,200 Jan 7'A 104 50c preferred Gilchrist Co 77c Jan 2 7% .7 48% preferred..* Giant Yellowknife Gold Mines Gilbert (A C) common Grand 6% Low 8 Va • Kreuger Brewing Co Kropp (The) Forge Co Jan Iligh 7% • . Range Since January 1 — 1 Kobacker Stores Feb 1% —. pfd—.100 $5 preferred Goldfield 7 Va — ♦ Gerlty-Mich Corp Union 7% __ 1 10 General Phoenix Corp General Plywood Corp common Globe Jan 93% Low 1 1 16% 500 Shares 1 common Jan Jan 23 £1 reg Finance Corp Jan 4% - . ..25 Corp common preferred series A Glen 15% 91 • __ Electric Co Ltd— Amer General 57c ' for Week • Kirkland Lake G M Co Ltd.., (D Emil) Co common Kleinert (I B) Rubber Co G Sales Range of Prices 60 Klein Gatineau Week's Last Sale Frice Exchange Par Jan Jan 700 32 31 11% New York Curb High 7% 10 1 50 27 8 STOCKS Low 17% 9% (971) EXCHANGE ENDED Range Since January 1 •«( High 16 % 1.25 ! Co CURB WEEK CHRONICLE for Week 1 (Peter) Brewing—__. Franklin Sifnon & Co Inc common 4% % convertible preferred FOR FINANCIAL Sales Range of Prices Par - v Week's Last Sale Price - New York Curb Exchange & 6% 97 59 9% 1% f6 % Feb Jan Feb Feb Jan Jan Jan Feb * (Q n(\\ oc 28 (972) FOR RANGE EXCHANGE CURB YORK NEW WEEK Monday, March 6, 1950 CHRONICLE COMMERCIAL & FINANCIAL THE 3 ENDED MARCH for Week of Prices Shares Par • ■ Low • Honduras Rosario 10 11 & Co New Yoi4c New York Merchandise New York Shipbuilding — 30% 10% Niagara Share 29% Jan 31 Feb 13 Jan St 5 Corp common __ 200 17% Jan 13% Jan 49,300 15 Vs Jan 17% Feb Salt Dome . 900 12 Va Jan 15V4 Jan Samson 1,300 9% Jan 10% Feb Savoy Oil Inc Jan 20% Feb Sayre & % Jan lj^ Jan Schulte 10% 10% • — 10% - - convertible preferred 1st •' Oil Co United Corp common 1 Northeast Airlines North Pub Ind , ____50 4 %% Serv __ — 201) 47% 2% 48 2% 11% 3% 2,000 43% Jan 43 2% Jan 3 Jan 7% 16% 17 Steel Co Feb 12% Jan Seeman Jan 3% Jan Segal Lock & 40 84% Jan 93% Feb ' 40 101 7% 17 500 101% Mar Mar 6% 9,800 16% Feb 7% Jan Jan 18% Feb 1 Hardware Ohio 4% % Power 42 Vs 4,000 43% 1,226 34% 1 Jan 1% Jan Jan 45 41%. Jan 290 113% 114 —100 preferred 1% 111% Feb 114% Feb 2,800 34% Jan 37% Jan 13 13; 300 11% Jan 13% Jan —1 17 17 ICO 17 Jan 18 Feb O'okiep Copper Co Ltd Arner shares— Securities —1 18 18 Vs 300 17% Jan 13% Feb 10% 10% 100 9% Jan 11 Feb 13 United Filters class B_——• Oliver Inc Omar 35% —15 Oklahoma Natural Gas _— „ Overseas 36 > Serrick Leather Seton common of Ltd— Breweries Jan 1% 2,300 Feb 1% 2% 4,000 1% Feb 2% Mar 3% 1,500 2% Jan 3% Feb 2% 21,900 2 Vs Feb 2% Jan 27% 1,500 25 % Jan 28% Feb 14% 1,800 15% Jan 13% Jan 1% 200 1% Jan 16% 600 15% Jan 1% 1% 3,600 1% Feb 1% Jan 13% 14% 150 13 Vs Jan 14% Jan 3% 3% 7,200 24 24% 900 87 89 550 3 % 4 % 4% C% 7% 7% - 1 1% Feb 17 Jan Jan 3% 22% Jan 84% Jan 25% Jan 89 Feb Jan 91 1,000 3% Jan 4% Feb 3,900 3% Jan 9 Vs Feb 3,500 Feb Feb % 20% Jan Feb Feb Feb 3% Jan 20 % Feb 22% Jan 20% Jan 2,600 65 1,900 - 23% 130 107% 16% 16% 100 ~3% ~4% 2,600 30 30 Jan 69% 62% Mar 108 % 108 1 2% 21% 62% 10% 900 21 21 62% 12% Jan 500 3 Vs — 21 21%. Jan 10 3 Jan 11% Jan 1C9% Feb Jan 19% Jan 15% Jan 17 Feb 18% 4V» Silex Co common Jan 18% .. * * * Canada Corp of America class A Sick's IV Feb 1% -- * 5 * -1 2o 100 Sheller Mfg Co Shoe Jan 1 common 4% preferred Sherwin-Williams 8% 1 Denn Sherwin-Williams Feb 88 % 1 Mining Shawinigan Water & Power Shattuck 6'Is 14 Vs 3 -4 24 n } Safety Control Corp class B Sentry 1 10,000 - Sentinel Radio Corp common 0 29% Mar 7% 16% 4 /® 25 Inc— B) (R 13% Jan 2% -- prior stock $5.50 Jan 23% 26% 1°1/8 1 '■* i -5 stock Convertible 10% 6,400 1% I?.4 . 8,100 3% 2/ n 1 Selby Shoe Co Selected Industries Inc common Semler 1% 26% Mar 2,600 13% 29% lVs 2,4 */* 20 Allotment certificates Ogden Corp common.————50c Ohio Brass Co class B common * 26Vs Mar 26% 6% -- common Corp General Bros Inc Securities 2% 11 High 12% -1 <D 2,300 100 --J Fisher Brick Co A) Inc common Manufacturing Scullin Mar 100 7% -•—1 .* Northrop Aircraft Inc.— Novaael-Agene Corp jg 11% 3% 92% 93 101 101% — pfd—100 RR Co Penn Northern __ 5 Central Texas Oil North 47% Utility Securities American % — preferred—50 * North American Rayon $3 North — ——5 Mines Low 28 % 29 /« ' /a 2oc 1 (Del)--— Scovill 5 Nineteen Hundred Corp common Nipissing -1 49 j Corp Ltd common Lawrence 26 % 26 A wd Joseph Light & Power 17% 17% Range Since January 1 High Feb 10% 17% 17% xl2% xl3% 17% 17% Niles-Bement-Pond 150 14% 1 Low S St shares Founders Shares Par Corp— Niagara Hudson Power common——1 for Week Jan 7% 1,400 30% 11 Range of Trices High Feb 7 300 Curb Exchange New York Range Since January 1 Low 7 30 % 10 Auction Last Sale Price STOCKS High 7 common York New Range Sale Price New York Curb Exchange ■ ... Week's Last Sales Week's Friday Friday STOCKS Sales Jan 18% Feb 3% Feb 4% Mar Simmons-Boardman Publications— • $3 convertible preferred Pacific Can Co 5%% 7% Jan 9% Feb 36% 36% 36% 1,600 34% Jan 36% Feb 33% 33% 33% 300 31% Jan 33% Mar 29 % Jan 29% Jan 28% 28% 500 28% Jan 291/4 Feb 28% 29 900 28 Jan 29% Feb 325 103 Jan 106 Va 98% Jan 104 & an 15 Feb 15% Jan §Solar * • 1st preferred. 24% Feb 25 Jan Sonotone 39 Va Jan 41% Jan Soss 2% Feb 3 Jan South Coast 7Vs Jan South Penn Feb Southwest 27% Jan Southern 12 Jan 5% 57 Jan 4.88% Feb 4.56% 25 28% 25 Pacific Pacific Public 104% 104% Lighting $4.50 preferred...—* Power & Light 5% pfd 100 Pacific $1.30 Service common preferred 1st Page-Hersey Tubes (C A) Oil Pancoastal common ... v t c Patican 5% 29,500 5% Feb 300 16% Feb x22 % Feb 10% Feb 53 Jan 17 16% 17 25% 24 Vs 26 1 • 10% 10 % 11 2 Ltd. Co 30,100 1 . Plymouth -Mills— Patchogue 2% 5 Co Parkersburg Rig & Reel . 5% 5% Paramount Motors Corp. Pen 2% 2% ■"'"Panatapec Oil (C At Amer shares.. :Parker Telephone common cumulative preferred $1 cumulative $1.32 4% 1,250 500 ' " ■ • 4% 3% 800 4% 17 • >■ 4V2 Feb 25 Penn Traffic Penn Water Pharis Tire Rubber & • 2% 2% 300 150 4% 36% 4% • Phillips Packing Co • 37% convertible preference 56'% 12 12 % 19 19 4% 5% Feb Jan 29% Jan Pipe Line Southland Royalty Jan- 11% Jan Speed Queen Corp conv class A Feb 2% Jan Spencer Feb 109% 1 17 17 Piper Aircraft Corp common... 1 5V4 401% Jan Stahl-Meyer Inc Standard Brewing Co Jan 3% Jan Standard Cap & Seal common 53% Jan 59% Feb 11 Jan 12 % 2 50 ... 5 common Jan Feb Standard 6 Jan Standard 19 Jan 4% Jan Mar % 20 Jan 17 200 Jan Standard reo 2va Jan Standard-Thomson 16% 15% 2,500 14% •Tan 16% Feb Standard 16% Mining Co 6% Corp 1st of Canada Prentice-Hall Pressed Inc Metals Public Service of $5 prior preferred (The) 14% Stinnes Co (Hugo) Jan 11% Mar 13% 4,500 11% j an 13 % Mar Sun 1% 11,100 1% Jan Mar 32% Feb 35 Jan Feb 17% Jan Feb 7% 200 9% Jan > Jan 3% Jan 3% Jan 4% Jan % Jan 1 Va Feb 10% 11% 3,700 9% Jan 12% 22 350 19% Jan 22 3 200 2% Feb 3% 3 17% 450 Feb Feb Jan Feb 18% Feb Jan 10% Jan Jan 36 % Jan 169% Feb 240 162% 165 163 17% 9 34% 155 Feb 6% 6% 200 Jan 7% 4% 4% 7,900 4% Feb 5% Jan 2% 2% 3,900 2% Feb 3 Jan 5 % 6% 8.800 4% Jan 6% Mar Jan 92% 23 Feb 25 Jan 11 % 11% 400 11 Vs Jan 12% Jan 200 7% Feb 8% Jan 4% 6% .. 8 7% 5% 1 1 4% 8 17% 18 100 M. •Id * 1 Vs Jan 8,500 3% Jan 5% Jan 425 5% 14% Jan 18 % 18 2% Jan .3% Jan 16 "A 16% 200 16% Feb 19% Jan 14% 14% 250 13 Jan 16% 4% Jan 6 Jan * 20% 21 275 20% Jan 24 Jan 1 2% 1,700 2% Jan 3% Feb 8% Jan 9 Jan 14% 25c Drug common Swan Jan 600 * common Jan '• Feb 2% 1 Jan % Jan Jan 2% 2% 5 10% 6% 87% * * Superior Portland Cement, Superior Tool & Die Co Oil 2% 100 Feb . Feb Finch 300 1 7% Feb 10 Ray Jan Feb B 1% Inc 2% 15 Corp Feb Feb 105 550 103 % Jan 105 ...__» 101 % 101% 100 99% Jan 102 14% 15 300 14% Feb 16% Jan n% 11% 11% 50 11% Jan 12% Jan common • 5 7% 1q 7% 500 7 Jan Feb 7% Mar Co Inc Technicolor Texas Power & Thew Shovel * 17% common common ^ common Markets Inc —. Roofing Inc _25c — • 105 % 156 100 . 420 156 98 Jan 109% 154 Jan 159 Jan Tobacco & Feb Tobacco Security Trust 14Vs • Jan 14% Allied Co 10 26% Raymond Concrete Pile common..-..* 26% common convertible preferred Manufacturing 125 23 Jan Jan 24% 1% Jan Jan Trans Lux Jan 23 Jan Tri-Continental 1,800 26% 24% Jan 27 Feb True Temper Jan 53 Feb Trunz Ync 8% 8% 15,500 6 Vs Jan 9% Feb Reliance Electric & „ 4% 5% 2.400 4 Feb „ Radiator 3% 1,100 3% Feb 4 ,1 % 1 % 500 1 Jan 5 • 31% 30 % 32 950 27 % Jan 32 t C——. 26 Vs 100 23 % Jan 26% 2% 2% 3,000 2% Feb 3% Jan 2 2 2% Jan 2 y* Jan ——1 pfd F Roeser & Pendleton Inc common IV2 — ; 7,000 101% 20 9 Vo 200 • dep receipts for ord reg._£l Rome Cable Corp common— —.5 Corp Royalite Oil Co Ltd Russeks Fifth Ave MO —1 50 700 7% Jan 15% 1.700 12% Jan 15'% Mar 75 Jan 98'% 4% 200 * Ryan Aeronautical Co. Ryan Consolidated Petroleum Ryerson & Haynes common.. page 29. 120 11% Jan 16 Feb 14% Feb 18 Jan 8% Jan ♦ — 5 Feb Jan 11! 13 200 40% 650 Feb 45' Jan 1% 500 1 % Feb 2 Jan 50 101% Feb % 101% 101% ■— % 12 3% 900 % 39 3Vs 3% 5.200 17% 17% 17% 1,350 Jan 9% 6.700 12% 11 Vs 1,200 Feb 103% Jan Feb 1 Jan Feb 4 Jan 2% Jan 3% Feb 17% Mar 19% Feb 20% 10% 12 3 1,200 3 Vs % —. Lamp Works common— ZIIi • convertible preferred Jan 1% 1% * ^ 4% x39% -*»- —— 3 Va warrants Corp Jan 3% Jan 20% Jan 10% Mar * 11 Va Mar 12% Jan u Ulen Realization ; Corp Union Gas of Canada Jan 102% Feb Jan 29 % Feb 9 Mar 08V4 9% Mar Investment Co.— Oil Co of $3.75 United — Yards oi Aircraft 9% 22% 6% 4 Chemicals ... Omaha Products 9% 10 8% • 8 Jan 6% Jan 7% Jan United 22% Feb 25 % Jan United Elastic Corp.— 10% 2,200 8% Jan 10% Feb * -: ' United Light & Railways.———7 8% 18,800 7% Feb 8% Jan United Milk Products common Jan 8% Jan 200 x5Va Feb 6% Jan 10 Jan Corp Jan 2% Feb 3,'« Jan 12% Jan 14% Feb 8 % 8% 100 7% Jan 99% 200 98% Feb 64 common 3% Jan 3% ~3 1,800 % 12 5% 5% ~~% 8,000 34% 38-% 500 39% 39% 42 Vs 58.800 19 18 19 .■% warrants 1 • 4% 4% 4% 500 4 Vs Jan 5% Jan ——1 10% 9% 11% 13,700 7% Jan 11% Feb participating preferred United Amer United Molasses -8 Vs-Mah — Co 67 Feb Feb n 3% Jan 51% Jan Feb 33 Jan Vk «Tan 38% Mar 37% Jan 42% Iff Feb 8% • * 100% Jan Feb 10 Jan 17'% Feb 19 Jan - 75c •' Jan 2% 43 * 9 s,s 500 300 1 Vh 1,000 2,100 98% 8% * 2,700 6% Feb 2% 14% 1.1 100 common__50c 24 9% 100 2% California;— preferred series A Stock 2% — Union United "'15 13% 10c 5 8% 9% 22% 1.25 common see 9 9 5 common - Jan 7% 4% 1 Tung-Sol Union — 16 14 93 Jan Ltd— American Field Inc... Feb Jan 25 101% 100 Rotary Electric Steel Co Jan Jan 16% 1 Union Rochester Gas & Elec 4% 13% 18% 122'% Feb 2 % .100 Unexcelled Chemical Corp—: . 200 Feb Jan Feb 14% - Feb 26 Vs o Rio Grande Valley Gas Co— v 700 35% Jan 16% 5Vs Mar 3%. 1% 1 Engineering Rice-Stix Inc— Vs 1 6.25 —1 Reading Tube Corp class A_. Reis (Robert) & Co.: 70c Corp 24 % 80c Regal Shoe Co —20 Mining of Nevada Tonopah 56 26% 5s deposit rets def registered. 225 • common—__5 21 1% l 26% 14 33 119 7-% _ ... Royalty Corp.. Toledo Ediscn 4 %?« preferred Rath Packing Co 23% 10 Ltd— Toklan 10 3,300 13 % • 1 • Stocks— Todd Shipyard Corp common Railway & Light Securities— Voting common Railway & Utility Investment A 1,600 17% Feb 20 105 % 107 35% 119 16'% 5 Corporation common 16% 13% 14 5 ,— 35% 119 preferred .100 Light 7% Co 35 V2 ♦ Electric Tampa Amer For foornotes 500 34 5% Corp 9% 36 R ! 4% 3 Amer deposit rets ord registered. „£1 (The i Feb 5% common 1,600 Jan 104 common 6% preferred..; Quebec Power Co Rowe 4 '/a Jan Tishman Realty & Construction— —.1 Roosevelt 100 Jan common Stop & Shop Inc Stroock (S) & Co 33 101% Quaker Oats common Rolls Royce 27% 20% Sterling Aluminum Products common.l Sterling Brewers Inc 1 Tilo (Texas Corp) Jan 3% Feb Thorofare Richmond 26% 3% Corp Co & (A) Thcr Raytheon Feb 1,500 2,200 17 105 Pvrene Manufacturing $3 30% 13,500 Jan 14 —.100 . Puget Sound Pulp & Timber Pyle-National Co Jan Colorado— 4%% cumulative preferred Puget Sound Power & Light— """. Feb 29% 5% Stein (J B) 9% Jan 32% 5% Steel Co of Canada... Stetson * Jan 29 16% 33 36% 5% Starrett 75 • ... 4% -w, Feb ' Prosperity Co class B Providence Gas 4% 47% Mar 28% 4% Inc 1% 27% 46 % 5% §Sterling Engine Co 11% 27% 10 100 300 Feb Sterling 1% 2,200 Jan Jan Mar 2,400 Jan Jan 13% 30% 1.9 9% 4 Jan 1 30% Feb Jan Jan 14 36% 59% Jan 1 America.. of Producers Corp of Nevada.—. 31 25% 100 21% 7V2 11% 2,000 100 4 Jan 51/4 10% 23% 32'% 10% Jan 14% 11% Feb 3,600 29 3 Jan Jan 650 4 1 class Jan __2.50 common.. Tube 4% Mar 36 Jan 300 46 3 4 1 700 35% Jan 3 3% 28% 1 1,400 36 • Jan 9% ,— 18% .100 Pratt & Lambert Co Jan 3% Feb 9 % Corp 4% 14% % Jan 8% 17% Co 7% 14% * common Feb 2% 1,700 19 33 —* 4%' 2.50 preferred 25 % 1,600 9 17 30% 27% 4% Light common.!.. 1 7 —25c Powdrell & Alexander common.. 16% Jan 31 55 1,030 1,000 15% 29 3% 59% 21% Feb 46% * Products Feb l"/8 58 Vs Jan 13% 5,300 35% preferred 215 1,700 20% Jan 1 10 B 2 10 common & class 1% 58% 2% 20 (Ky) Power Common 1% 21 Feb 32% 26 10 1 Corp Jan " Power Oil 2% ' Polaris Forgings 1,000 1 ; Jan 295~ Jan 19 1 preferred Standard Dredging Corp common $1.60 convertible preferred Feb 17 Vs 1,300 Jan 2% Jan 28 * 2.78 Convertible 2% 16% 1 Jan Feb 1.100 17 Co Shoe Corp 2U l Pneumatic Scale Southern Jan 1,200 % preferred 2% 1,150 19 v cumulative 4.32% $7 Pioneer Gold Mines Ltd Pleasant Valley Wine Co Jan Jan 4% 300 5'A 25% 36 -r-» 55% Jan Pinchin Johnson Ltd Amer shares sPitney-Bowes Inc Pittsburgh & Lake Erie Pittsburgh Metallurgical 7 x3 Vs . 3% 25 ..25 25 25 1 5 5 * preference Feb 2% 1.950 600 269 1,000 25 — convertible 48V2 ' Pierce Governor common 30% Jan Edison— original preferred cumulative preferred Standard 1 ■ Feb 5% 15'% 3 x8% 10^ Line California 740 2% 14% 14% Y« 12.50 common Pipe Pa Jan 108 800 36% common.u—50c common Oil common 10% 14,100 2.50 Co & Power Co Philadelphia Co 11% 2% Pep Boys (The) 1 Pepperell Manufacturing Co (Mass)__20 Perfect Circle Corp 2.50 . 10% 108% 108% 1 11% • 100 '.y.. Penn Gas & Electric class A com Penn Power & Light 4% % pfd 30 32% —1 1 24% 50 25% 25 Pennroad Corp common 1,000 295 2% 1 — common 29 25% " *•' Corp 291 1 1 46 • preferred 50 6% * Manufacturing Co Corp __y Manufacturing 232 £1 Co Aircraft Solar 6% 1 4 100 Pattern common—.— Ltd class B Singer Manufacturing Co Singer Manufacturing Co Ltd— Amer dep rets ord registered Smitn (Howard) Paper Mills Simplicity Simpson's 4.48£> Peninsular 6 Vs Feb * preferred— redeemable 1st pfd series A 5fe 330 25 25 preferred 1st 1st 5fo redeemable 9% 1st pfd—25 Pacific Gas & Electric 6% 5 c'c 9% 5 common 90 Ltd— deposit rets ord NJ RR & Canai registered — 100 __ . 236 Jan 242% Jan Volume-!?! 'Number "4887 THE COMMERCIAL NEW YORK RANGE • Friday STOCKS New York Curb * Profit Sharing 10 [0 preferred Low S Air S Foil U S and $5 U Conditioning Corp Co preferred Radiator U S B _ _ Rubber with _ 17 74 Universal 130 407 a Jan 4194 Feb 1394 200 12 Jan 1374 Jan 194 1.700 174 Jan 19b Jan Altalian 17 74 2,000 Feb 1874 Jan 494 3,800 McCord Corp debentures 414s Midland Valley RR— 4 1 Products 4 91 — -50c -10 93 574 159e 4 500 94 Jan 8334 Jan _ _ Sugar- Light with A7s Nov 1 4 % at common l Feb Milwaukee Venezuelan Jan New Venezuela Petroleum Syndicate IV 2,550 40 Feb o434 Feb 100 25 Jan 2874 Jan 28 74 300 28 J&n 2914 Jan 234 294 1,300 294 Feb 3V Jan x25 74 257/a 2,000 23 V Jan 2574 Feb 5'/a 572 71 3,000 71 5 10 Feb 594 68 3% 3 7-8 • 414 Gas Light 414s 19G7 England Power 314s 1961 Ohio Power 1st mortgage 1st mortgage Park 2%. .,.600 13 Va 13 Vu 3% 314s Feb 614s ex Oct 1 ' $2 Watch Co- vtc 194 19» Ward.Baking Co warrants—:— 974 974 9' 94 Warner Aircraft Corp_i-^_wLi Wentworth West — 1 Safe 1374 Jan San. Joaquin Lt & Pow 6s B Southern California Edison 3s Tablet & Weyenberg Whitman Wichita Shoe 164 River Co__. Corp Pwr Woodall Lt 4 American deposit preference— G'.'o Wright 112 ft Jan 158 Feb 11414. Jan 165 21 Jan 394 3 V 19 Inc '4 00l/4 61 Jan-July 16094 163 104 V 10514 108 V 16214 163* 1105 __ 106 1965 1099a/ 1970 3rd — 108V 10894 105 V 105V 10514 53 10474 10594 ' 13 105 10694 > 274 Feb 17194 Feb 100 1914 105 V 10694 — Jan-July / 110214 104 — . 5s Feb-AUg May-Noy *—.—April-Oct April-Oct 1989_: 1950 .1966—_ Corp— stamped , 1946 Industries— stamped 106V 10674 5 B ;• ■ 1134 141 1 82 83 47 47 5 47 83 - - , ,——Jan.-July , ! 47 5 0494 95 3 15 " . ' ..47 ."" 1946 ——April-Oct 47 614 800 494 1.000 3 74 Jan 774 6 Feb 994 * Jan Jan 12 1394 14 250 1374 Jan 14 Feb 2994 2974 600 293b Mar 32 Jan 14 V 1474 1494 105 V 500 1294 1094 1294 1,600 5s 474 474 "in 10614 3,400 A 16 Feb Electric 7s Service with A7s 1 174 Dec Dec ex 1953 coupon Feb-Aug 1956 coupon 10314 1947 coupon 1956 159 ;— 1954 Traction Newspaper f s « — Mar-Sept 63 10394 • 63 62 130 5s 1960 x92!4 — June-Dec conv 102 V Hotel— debentures June-Dec 6s 63i4 — 103Va 10314 June-Dec West Western 59 , May-Nov Washington Water Power 314s 1964 Penn 6114 <160 130 — Co— 1940 1 1 income A5s 9214 107 * 1120 — 96 92 V 1107 — 107 120 120 101 v 121 103 94 Union— debentures 1959 -Feb-Aug 110214 104 r-y 1294 Mar Jan 4 Jkn 494 Feb l7/« Jan 2 Jan Foreign Governments and Municipalities £1 • 1940 19G9— Waldorf-Astoria Jan Jan 1074 100 "l74 — Jan 14 1 Aug revenue United Jan 4% Mar with V s ex Aug 1 1947 coupon 1953 Triborough Bridge & Tunnel Authority— Jan 674 — Hydro-Electric Co— A614s A 6 Feb 334 — Terni Jan 814 G 100 • Jan 314 874 .—. 14. 18 Jan 8 74 2 ' Friday BONDS New York Curb Interest Exchange Week's Range or Friday's Last Period Sale Price Bid & Asked Low Appalachian Elec Power 314s 1970 June-Dec Atlantic City Electric 314s 1964 Jan-July Bell Telephone of Canada 5s series C 1960-Map-Nov Bethlehem Steel 6s Aug 1 1998 Boston Edison 294s series A 1970 514s debentures Chicago 39is Transit Cities Service 108 June-Dec 1948—Jan-jiuy Co of — GO 103% 106 2 10514 debenture 10494 106 214s 106 3s 1977 (Bait) 9274 274s 10074 Jan-July T 1976—Jan-July U 1981 1962 Water Lt & RR 5s Elec Mfg A614S with Nov 1 A614s 1947 , Nov 1 Residential Trunk series A Mtge 1953 May-Noy May-Noy 1953 Bank— Ry Western Ex-coupon 4s series E A 7s A7s A7s F 103 104 10694 106 V 10894 ~ 59'H 1958 110 V 27 55 V 4 47 10294 61 11814 62 62 1 52 199 34 1 00 9994 103 Va 145 4314 8774 42 4314 87 8734 7 81 8874 85% 20 7674 9474 95 U 86 V 9034 9174 5 8374 •»_ 9474 94% 4 91 91% 12 1952 171V — 7194. 7194 G 4074 1948 June-Dec 1 5174. 5214 9094, 7774 94 85 85 95 92 .86 95 7 4 8394 .„ 91% listed on are the Loan— May-Nou Feb-Aug ALima 79 Exchange as (Peru) 6V2s stamped Maranhao stamped (Plan A) Interest reduced AMedellln 7s to 2yes stamped 18 V 1958—Mar-Sept 1894 1894 2 33 33 2 33 33 5174 5214 2 4674 52% 2008 May-Noy 1951— June-Dec A7s Bank of Bogota— (issue of May 1927) 1947 A7s (Issue AMortgage of Mortgage Bank de Janeiro A 514s May-Nov April-Oct 9 Denmark to 5s June-Dec 1972 117 187 V Feb. 25 Feb. Feb. 28 Mar. 2 Mar. 3 roads ities Stocks 42.73 73.90 204.15 — 55.39 204.33 — 1 Mar, 15 Util¬ trials 27 20 Rail¬ 55.49 203.44 55.34 42.81 Total 65 73.99 42.81 73.76 10 10 First Second Indus¬ Grade Grade Util¬ 37 Rails Rails ities Bonds 106.18 101.80 103.11 106.13 106.14 103.11 106.09 91.76 91.75 10 Total — 106.15 A) 2yas 2008 34 34 2214 22 V 133 V Mar-Sept (ser ABODE) stamped reduced to Government 1r/o (Plan 1997 —-Jan-July 22 V 34 V 2 3114 34 93 1894 2294 31 33 V2 A) 2012 6y2s Jan -July 1919 Jan-July 29) 294 3 June-Dec 1921 294 294 3Va 44 8 > 214 394 214 394 *No par value, a Deferred delivery transaction (not included in year's range), d Ex-interest, Odd-lot transaction (not included in year's range), f Ex-distribution, gEx-stock dividend, h Exprincipal. n Under-the-rule transaction (not included in year's range), r Transaction for cash (not Included in year's range), xEx-dividend, y Ex-rights, zEx-liquidating dividend. e A and asked prices; no sales being transacted during current week. Bonds being traded flat. §Reported in receivership. Abbreviations used above—"cod," certificates of deposit; "cons,"consolidated; "cum," cumula¬ tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "v t c," voting trust certificates; "w i," when issued; "w w," with warrants; "x w," without warrants. -Counfer Industrial Stock Average Compiled by National Quotation Bureau, Inc. Date— Closing Feb. 25— 36.60 High 27- 36.61 Low Feb. 28_ 36.60 101.79 91.54 106.01 101.69 Mar. 73.93 103.15 106.09 91.54 106.11 73.91 103.15 106.14 91.60 106.09 204.48 56.42 42.89 74.34 103.15 106.15 91.55 106.03 101.72 3— 101.74 Range for 1950 36.48 — - 36.54 36.54 36.61 Feb. 27 35.13 Jan. 4 Range for 1949 101.72 42.82 2 Mar. 42.81 55.74 1 Mar. 55.73 203.54 88 — Feb. 203.62 — 37 80 90 40 trials 103.13 894 1894 148 (35 Stocks) 10 SO 774 1474 - 148 June-Dec 1927) 1947 Chile 6s 1931— (Plan reduced (Republic of) lVs to 214s Rio of of stamped Interest Peru Oct Bank Bonds Indus¬ 92 85 Mortgage compiled by Dow, Jones & Co. Stocks Date— '' Jan-July City daily closing averages of representative stocks and bonds the New York Stock ^ 52 74. - — Slock and Bond Averages Below ; High 86 94 V 9094 Jan-July Jan. 1 Low NO. 62 100 10394 85 1957 Range- Since Sold High •17114 Jan-July 1953 5s Bonds Friday's April-Oct .— Port & Waterways — AExternal 614s stamped 1952_ IFriday's bid -June-Dec 1955— —Feb-Aug coupon) External 61 49 V 43 7s Cons ARussian 110314 10414 Jan-July Valley Interest 2 5914 or Bid & Asked Danzig 10374 11814 Week's Range Bank of) Mortgage Municipal External 5Vs 1955 60 Va 42 4614 Sec— coupon) Danish Parana 5934 Last Sale Price (Col)— 7s Jan 1947 (see ACauca 115 11074 — 130 June-Dec 1952 (July 1941 104 106 1027« 10314 Mar-Sept Jan-July 1950 1957 (Aug 1941 series 9994 106 7 111794 1189s 5914 A20 year ! 1963 614s series C 1955— A6I2S (Dec 1 1941 coupon) A 7s 58 145 Va 10274 Agricultural Mortgage Bank A 20-year 7s April 1946 10094 104 111074 market Power V RR— (coupon on) International A 9974 99 10574 110574 10672 ■ Mar-Sept coupon coupon Western Guantanamo & 94 Co— 1940 Green Mountain Power 394s 6s 91 11274 11374 1106 V 10694 Map-Nov May .Man-July 1956 stamped 1961 Grand 92 1104 Map-Nov ~ mortgage 4s series A 1993 1st mortgage 4s series B 1993 Gas & Fuel 314s 1965— Marelli 1104 — 11374 April-Oct 1st 5s G <Balt Eastern Finland 106 — Period Low 11174 — April-Oct mortgage ex 103 108 100 74 1 0034 April-Oct series City)— / " 414s 1954 Delaware Lack & Western RR— Lackawanna of N J Division— Ercole 10494 15 93 Friday Interest New York Curb Exchange Bogota — mortgage 274s series conv debs Elmlra 104 10894 103 ■ mortgage Consolidated Gas A 12 11094 11174 9274 107% / Pwr . 107 104 " — / High 25 106 mtge 294s ser Q 1976 1st rcf 294s series R 1981 General Low 10838 11094 1st ref ref Jan. 1 No. 10514 107 J16394180 — ref Sold ■ BONDS Range Since 103%10394 Jan-July —Jan-July 1947—1978 Registered 1st Bonds High Mar-Sepf 1954 Consol Gas El Lt & 1st "■#. 4** ., Authority— series revenue 10814 Quar-Feb Cential States Electric Corp 5s debs ■ii 1103 V 104V — April-Ocf 1 106V 106V Mar-Sept Jan-July Feb -Aug 1973 110294 > — (Calif)— trust (Hugo)) t.A7-4s:2nd 294s 500 19 2114 Mar 1774 Feb — 8 Ltd 6014 ■%«*t B 314s & Bros 5s (Hugo) A7-4s Stinnes Feb 150 __ receipts Hargreaves 6014 -April-Oct Jan 2174 _100 ! 105 y* 106 y* 130 __ 1971— 3s Corp collateral Stlnnes Feb — * common W) series 3s Counties Gas motrgage 5s Jan 30 Ltd— (P April-Oct 1973 M AStarrett Jan 8% 28 19 25 Industries Inc A ref Spalding (A G) Jan 114 Feb 3214 — Woohvorth 6% % Jan Mar __ 1 Woodley Petroleum 49u Jan 29 1 pfd series and 1st Jan 2474 Feb * 7a V 10794 10514 iosv 98 V 9894 105V 105V Southwestern Gas & Electric 314s 1970-, Jan ■114 1,725 — common & U la 30 V — 5 Wilson Brothers common 5'.'o preferred w w Wisconsin 134 Feb 74 Feb 8 ^ lo ! Feb Jan 29 l (The) Corp Williams (R C) & Co Willson Products Inc Elec 11014 - 21 '. i Wickes Winnipeg Jan 10 1G4 10594 99V : 20 10 Oil . 6214 106 110614 108 „ 3s 1981—May-Noy 1952 Mar-Sept California Gas Feb Jan 1,700 coo 10614 1 0694 198V Harbor Water Power Corp 914. Jan - 5.G50 74 8% 114IV my* • com ; & 214 ■■ Stationery Mfg fWm) 674 "4 87» 8V preferred—* Western Maryland Ry 7% 1st pfd__100 Western Jan Feb 974 700 103 10594 10594 Jan 1% 24,800 " " ' 1.25 Utilities- $6 Westmoreland Coal Westmoreland Inc 8 \i J. 6 7o I _i . Manufacturing! Texas gov 35 1105V 106 __ 1960 Jan 109 300 5514 Co— 394 , ~13/. Gas •4% 8 V4 1,000 1960 coupon coupon & Southern 89b _1 w,l_ 1940 1 1947 Feb 174 894 30 preferredn-l— cum Walt-hem Oct Service Electric Southern 100 -_.t- 63 Va 101 y* 103 2 6214 1037b 104 J&n-July Jan-July 614s with •1st _1 1% preferred Waftt- Ar Bond 2 49 Hydro-Electric Go— 1294 Jan • ' 53 110514 10614 April-Ocf 1964 50-year 6(4 debentures 1998 Queens Borough Gas & Electric— 514s series A 1952 Mar W Waco Aircraft Co. 3s 2 74,. Feb ,, 200 104 April-Oct 1st mortgage 1970 314s Wagner Baking voctng. trust ctfs ext—• 314s 1968 1971 3s Lexington 93 63 102 6214 Pennsylvania Water & Power 314s 1964—June-Dec Jan 71 31V 2,400 25a 20c Jan Jan High 8814 Jan 27 i Inca,^— 93 55 102 May-Nop 174 * Vogt Manufacturing- Low G2 5114 62 V Mar-Sept 174 26 71 Jan,,1 NO. 130 __ 594 5434 5 V 5 Steel Co_. Feb-Aug Feb A Corp Range Since Sold 98 159 53 _ApriI-Oct 174 Mar A $4 convertible. preferred— 1956 1963 1,100 4774 — I — Jan-July 1,400 Public Vanadium-Alloys to Mar-Nov 1963— 6s 3,900 28 294 Bonds High 9694 98 — 174 Piedmont Valspar 1940 Superpower Extended 1952 coupon 1952 174 26 • common Jan-July 174 52 5 1952 Isarco Hydro-Electric Co— A 7s With Nov 1 1940 coupon Mar 28 74 —10 common certificates escrow 574 26 Co ADsbenture Feb 93 Friday's Bid &, Asked Interstate Power Co— Jan 474 Jan 474 Jan 59A Mar 174 — IV Insurance Universal & 4974 4174 5lV Reclaiming Co Power Jan Feb 93 * — United Stores Corp common Universal Consolidated Oil Utah 5 43=4 174 1 warrants- common. Utah-Idaho Jan 700 6,225 -10c _ _ International Securities— 1st S class 94 594 4574 157» _ or Sale Price Low 1374 4574 Week's Range Last ' Period High 4174 Shoe Machinery common- —25 Preferred .25 United Specialties common 1 U Interest New York Curb Exchange » 44 V M. 5 United U 3 BONDS Low 29 EXCHANGE ENDED MARCH Range Since January 1 High — (973) Friday Shares 10 — CURB WEEK CHRONICLE for Week _25c common FOR FINANCIAL Sales * Range of Frices Par United Week's Last Sale Price Exchange & High Low 35.20 Dec. 31 27.79 Jun. 15 - ■■" ® 30 (974) THE COMMERCIAL FINANCIAL Transactions at the New York Stock Exchange CHRONICLE Transactions at the New York Curb Daily, Weekly and Yearly Week Ended Mar. 3, 1950 Int'l and Miscel. Bonds Bonds Shares Bond Bonds Sales Bonds (Par of $1,259,000 $272,900 $1,531,900 I 404.930 Monday Tuesday Wednesday Thursday Friday 3,046,000 547,000 3,593,000 _ 1,312.500 2,826,000 425,000 _ __ - — — 1.412,730 3,181,500 368,000 1,344,430 3,722,000 3,147,000 3,251,000 3,549,500 344,500 1,514,870 ______ 302,680 ______ Exchange Stocks (Number 620,770 Saturday 1950 Daily, Weekly and Yearly Total Government Bonds Foreign United States Bank Railroad Stocks Number of Monday, March 6, 4,066,500 3,449,680 Week Ended Mar. 3,1950 Saturday Monday Tuesday Wednesday Thursday Value) Foreign Foreign Domestic Government Corporate $28,000 $7,000 155,000 Shares) 20,000 $1,000 141,805 315,610 • Total $35,000 176,000 316,035 101,000 36,000 37,000 299,220 144,000 33,000 10,000 187,000 301,100 105,000 34,000 5,000 144,000 174,000 387,335 $2,260,080 $17,181,500 7,610,230 — 1950 shares 1950 Week Ended Mar. 3 38,744,829 $97,200 Bank / 950 138,000 451,000 1,559,200 21,456,080 16,3^45,050 12,951,700 177,588,400 $2,260,080 Industrial 17,181,500 Total L__ $199,279,680 $14,524,900 $19,441,580 126,572,300. Jan. 1 to Mar. 3 1949 1950 1949 1,761,165 1,030,790 16,714,118 9,924,632 $665,000 $266,500 $14,000 Foreign & $896,000 Stocks—No. of shares U. S. Government International 180,000 $70,000 1949 80,254,397 3,869,645 Bonds Railroad 17,000 $161,000 Jan. 1 to Mar. 3 *1949 7,610,230 31,000 $665,000 $19,441,580 Week Ended Mar. 3 Stocks—No. of 132.000 1,761,165 Total' Bonds Domestic Foreign $486,000 $7,366,000 $6,676,000 161,000 75,000 3,762,000 1,777,000 70,000 25,000 479,000 332,000 $896,000 $586,000 $11,607,000 $8,785,000 government Foreign corporate $143,634,850 Total ' OTHER STOCK EXCHANGES RANGE Boston Stock Week'* Range Sale Price Agricultural Chemical Sugar Refining American Tel Tel American Woolen & Boston 150% • 23% Albany RR Low High High 44 Va 194 40% Feb 45 500 38% Jan 45»/4 Mar 29% 115 100 4,115 23% 47 47 146% 585 30ya 288 116 Jan 21% Feb 28i/« Jan Jan 150% Mar 32 Jan 31% 115 Jan 120 Feb 200 50 107 Jan 114 Feb Jan 50 Feb 45% 3,181 100 14% 14% 14% Day Power & Light— Federated Dep't Stores General 896 14% Jan 14% Feb class 8% class B pfd Boston Personal Prop Calumet & Trust Pure Corp Copper Range 25 Eastern Mass Street 700 12 % 100 1st preferred preferred Eastern SS Lines Inc.. 61 61% 100 —_ 4 100 series A B Feb 50c 70 70 4 3% 200 Feb 4 61 Feb 68 Feb 75 38% 50 71% 72% 259 66% 53.60 53.60 5 52.32 General Capital Corp 1 ;r Electric ___• Razor Co— 47 56% 47 37% * 770 24 38%* ~ Copper Cos. Haven 54 & 47% Jan 38% 50% Jan 278 55% Feb 16' Jan 9Va Jan 11% Feb 26% Feb 29% Jan 14% 15 91 12% Jan 15% Feb 16" Feb 17 Jan X52% 57% 8% 25 52% 58 8% 47% 100 8% 17'/4 17% 52 300 7% 130 Jan 53% Jan 58 1 17 Jan 181/2 1,900 17c Jan 30c 10% Jan 93% 9% 45c 45c 17% 94% 430 92% Feb 96% 245 71/2 Jan 10 Jan 70c 29c 1,950 604 Members Exchange 59 1 Jan 10 Jan 60% 3,885 60% Mar Consolidated 44'/4 451/4 625 43% Feb 49 % Jan Consumers 42% 43% 50 37% Jan 43% Feb Continental 14% 14% 75 13% Feb 14% Prod 2 33 34% 775 30% Jan 34% Feb 33% 53% Feb Davidson % Paper Power ——- Bros Week's 1 Range Shares 19% 3% Range Since January 1 High 21 187 3% 19% Feb Eaton High 21 Mar Friars Ale General 6% 5 ~5 common_8% 35 5 6% , 448 5 8 35 226 105% 108 81 34% 100 10 27% 25 5 74% * * 74% 46 27% 10 5% 897 6% 5 30% 103 26% 5 Feb Jan Mar 5 Mar Feb 35 Jan 108 Mar Hall 74% Jan Jan 23/a 23% 100 23 Feb 23% Mar Feb 75 Jan Kalser-Frazer Jan 13% Feb 16% Mar King-Seeley 19% Jan Kinsel _1 44 46% Jan Kresge Feb Lakey Foundry & Machine Lansing Stamping 46 60 59 262 53% Jan 31 24 31 Feb 35 Feb 24% 24 24 Feb 25% 60 Co Masco Jan McAleer Procter & Gamble. • 88% 87% 88% 1,662 80 Jan 89% Feb Motor 59% 59% 33 Feb 59% Feb Murray 223 223 6 25 25 25 56% 221 Jan 12 20% Jan 225 11% Jan 26% (S 2% Feb Feb Feb 33c 35c 500 30c Jan 44c Jan 20% 285 20 Feb 22% Jan 5 500 13 285 12 Jan 13 Jan 76 76 270 70 Jan 78 Feb 4% 76 3% 4% Jan 5% Jan 3% 300 3% Jan 4% 1,200 10% Feb 11% Feb 4% 4% Mar 6% Jan Jan 12% 490 5 12% 6% 100 12% 12/4 17% 130 12/4 Mar 14 Jan 13% 13/a 155 13/2 Feb 15% Jan Jan 13 Feb 6% 6% 1,310 4 % Jan 7% 22% 22% 255 21% Feb 22% Jan 1% 1% 400 1% Jan 1% Jan 268 41% Jan Feb National Electric Welding 12 250 14 28 32% Jan 39 Mar 5 47% Jan 47% Feb 6% 100 6% Mar 7% 2 600 2 2% Feb 1% 2 790 1% Jan 2 Feb 3% Feb 4% Jan Mar Jan 3% 200 1% 1% 8,700 Feb 1% Jan 30% 30 % 500 28 Jan 30% Feb 17 17 180 15'A Jan 17% 3% 1% 1% Feb 3% 100 3 Jan 3% Jan 3% 800 2% Jan 3% Feb 3% 2 3% 3% _____ 4% 39 Jan 39 47% 1% —a—_^10 1 Stamping common 42 6% —* Corporation 42 2 _/i-l common National 39 42 . Manufacturing, common —*$<-1 Products Jan Packard Motor Car 39 150 30% 150% 33 146% Jan 26% Jan 33 150% Mar Mar 40% River Raisin Rudy i Manufacturing Paper 28/a 29% 317 28 % Feb 30% Jan Scotten-Dillon 69% 134 66% Feb 78% Jan 32% 20 Sheller 31% Jan 33% Feb 12% 12% 221 Timken-Detroit 11% Feb 13 Jan 50 Udylite 8/a Jan 9 Feb Warner Aircraft common 8% 2 Pfeiffer Brewing 296 1,237 68% 9 38 2 Parke, Davis 32% — 19 Jan 10% Peninsular Metal Products —1) 29% Feb 2% 3% 1—_w_l Products Screw Feb 47% 12% Feb 18% 900 13 ,-10 1 S) Jan Stocks— -<| 29% 220 2% 20 -1 —1-1 McClanahan Oil ' , 150 13% 2% Jan Jan 65 % Mar 69% 33c 29% 18% 10% -1 ; common Drug 16 % 29% 29% 2 % * „__12% common 12% Jan j Feb 7% 23% ——1 Car 73% Jan 10 11% Feb Feb Manufacturing common—__2% 147 59% 25 Jan 6% 217/a 7 —5 548 15% City Products 9% 505 1 340 225 Chesapeake & Ohio 100 200 1 13% 564 Cities Service Jan 23%* Mar 22/4 class B—1 16% 15% 33 8% Jan 7 1 — Motor 65 % 150% Feb 22 1 Hoskins 15% 10 Jan 7% 11% Corp Houdaille-Hershey 61% 100 7% 22 10 Feb 15% 39 Jan 11% 2 Motors Jan 65 12 6% 1,000 10 — 5% " * 250 5,495 Industries Lamp * 50 Feb 7 i ___. Trailer Gerity-Michigan Kroger 223 Feb .7% 7% 1 Manufacturing 28% 24% • 35% Jan 23% Goebel Brewing Lunkenheimer 100 Feb Jan 6% 6% 5 Jan 31 * 20% 33% 7% Brewing Feb 56% 10 20 300 Mar 45 • 150 696 6% 1 12% 100 38. Jan 35% 23% — 16% 12% 16% • page 86c 20% "7% Mfg Stove Brewing Wood Hudson 50 10 see Mar 6% 23% Mogul Frankenmuth 34"% 7% 33% * Curtiss-Wright 77c Mar 20/4 5 Manufacturing Federal LOW Feb Ga? 32 for Week of Prices Low Feb Telegraph 31/4 20 Gasket & 32% Armco Steel 15% 35% 6% 1 common.. Detroit-Michigan Sales 20/4 * common Detroit Steel Corp. Detroit Steel Products 315 American Telephone & 77C Motors Detroit Exchange 34% common 32 1 Edison 33% Preferred 15% Jan • B Jan Feb Jan Gemjmer preferred 52 15 Gat Issued Jan 67 % Fruehauf preferred 29% Jan Feb Hobart 405 Feb Jan Art 6% 15% 14% Jan Insulation Jan Jan 63% 3% Yard—; High 5% 13% 350 18 Stock Low 100 1,305 390 177/s Eagle Picher 6 505 Jan Street 6 Range Since January 1 High 80c 22% Jan feub Bell Tel Low 63% Jan Feb Feb Machine Shares 14% 201/4 3% Preferred for Week 77c Jan 60% Sales Range of Prices 14% Jan 25 451/4 Week's 63% 361/2 221/2 25 Exchange " • 33% Mar 115 15% . '/ 25 463 14% Electric „ Last Manufacturing 100 —______ DETROIT WOodward 2-5525 Brown-McLaren Mfg common Burroughs Adding Machine. Chrysler Corp 35 23 1 —_____ Exchange Chicago Stock Exchange Feb 33% 22% 34% 12.50 >— New York Curb Briggs 100 For footnotes Feb Jan 128 Columbia 34% 4% 17 Unlisted 31% Mar Jan Jan 17 Printing Jan 30% 41% 17 S. 25% 110 ' Brewing 17 U. 310 34'/0 American Metal * class 31% 33% Par 8 8% 35'A Sale Price Brewing Champion Paper Randall Feb Friday * Burger When Jan 27% STOCKS Baldwin Hatfield 697a Jan Jan 100 20 —— Gibson Jan 25% 17% 598 Last American Laundry Mach Balcrank Formica 66 170 Jan 4 Va Sale Price Union 311 26% 16% 22% Par Cincinnati 67% 28% Exchange Jan 45c 4 % STOCKS Cine & Feb 66% Feb 22 'A Friday Cincinnati 23% Detroit Stock Jan 10 17% 17 Cincinnati Stock Milling 13% Mar Jan 67. 12.50 Detroit & Cleveland Navigation Cincinnati Jan 21% •26% Telephone: Detroit & 11% 99 Ford Building 10 System Inc— Westinghouse Electric Corp Stock *r ■. 12% Mar 9% _• common Waldorf Gas 63 Jan 3,195 * Machinery York Jan 19c 25 Inc ;. '■ •; Jan 12% 94% 50 Co Cincinnati 100 13% 22% Feb 8 7/8 18c 121/a 2.50 United Fruit Co Corp Adv 16% 13% 22% Mar Jan 11% 1 8 Churngold Cincinnati 16% 13% 83% Mar 100 Drill Shoe 10' 20 Feb 12 • Rubber Jan 11% 10 Detroit Stock Jan 7OV2 Union Twist S 17% 25 Feb 265 Torrlngton Co United 28% Jan Feb 331/2 340 100 Hartford- Quincy Mining Co__ U 26% Mar 16% * 13 20 Pennsylvania RR Webster Jan 193 31% New Altes & 90 17.% Watling, Lerchen & Co. Feb 83% . North Butte Mining— Stone 26% •17% _ 7' 72% Mar Feb 12 • England Electric System New England Tel & Tel New Jan Jan 74 __1 Assn New Y 26% 17% 26% J) (new! Jan 12% 5 Service 26% . • Westinghouse Electric Feb 39 831/2 • Linotvpe Racing Nash-Kelvlnator N 53% 24% Jan 41 210 > r<r Jan 100 Mathieson Chemical Corp National Steel Jan 100 common preferred Narragansett 52% * 211/2 x36 2,263 " . Mergenthaler 8 64% Feb 5 38% 5% U Jan 40 23% Maine Central RR Feb Feb * Kennecott 34% Mar xl2% • Stoves Safety Jan Jan Jan First Gillette 78% 45c Employers Group Assoc General 32 Jan Feb • National Jan 41/2 12% 10 160 Ry— Common 6% 6 c!o 50c 12% • Co Jan 6 22 Feb 66% 34% Feb 11% (Ohio) 271 34% 5 (N 69 % 34% . Oil 50c Jan 15 Brand* Oil 68 % Feb 13% 26% Co Standard Jan 78 Jan • Standard 4 Jan 11% -- Feb 51/4 Mar 68% 175 * Socony Vacuum Jan 19% 41 % 288 v 13% 33 %c 3 % 65 47% 35 76% 13% — 39% 165 Jan 46% f75/a 50 Oil Feb 830 Feb 13% • Feb 4% Feb 38 % • A_. 3% 5% 34% Jan 76% Ohio Oil Pennsylvania RR Pepsi-Cola 35% 201/4 , Jan 34% 46% . 10 4 70, High , 30% 10 Ohio Edison 153 10 Cliff Mining Co 47, 140 " 3'/a 5% 4 38% * 36% 20 20% 5 Service Cities .5% • Hecla Low 33% 37% • 3 Va 100 unstamped—100 1st pfd stamped—__100 1st A Range Since January 1 High 37 % . 35% prior preferred Low 33 ' York Central Southern 7% l'. 33% 5 Motors New Standard Boston & Maine Railroad— 5$> Shares J__7 Electric Genera] Radio Railway— Stamped for Week Jan 17 HOI/2 lll'/a 20 Boston Elevated Range Since January 1 451/4 2iy8 50 Sales Range of Prices Par Shares 149% 150% Week's Last 44 100 Edison 3 Friday 43V4 100 pfd of Prices Low __ . _100 Anaconda Copper Bigelow-Sanford Carpet 6% Boston & • MARCH Sale Price for Week Par American ENDED Sales Last American WEEK Exchange Friday STOCKS FOR 4— 40% 270 3% Mar 35% 2 37% Jan Feb Jan 4% 39 2% 43 Jan Mar Jan 2% Jan 7 100 6% Feb 7% Jan. 2% 3 2,050 2 Jan 3 Feb 502 12 Feb 13 Jan Corporation 1—7—1 12% 21% 500 21 Jan 23 14% 14% 235 14% Feb 16% Jan 10% 5 12% 21% 10 Manufacturing Axle 1,770 2,169 1,150 7 5 1 2 10 285 10 Feb 11% Jan 85c 85c 500 85c Feb 1.00 Feb % Jan VoluiTle 171 Number 4887 THE COMMERCIAL & FINANCIAL OTHER STOCK RANGE Los Week's Last Range ! of Prices Shares Par Gold Mining Co Alleghany Corp (Un)___ , Alils-Chalmers Mfg Co (Un)......: Low 10 —* American Amer Airlines Radiator American Tel American Inc & Tel Viscose Armco Steel Co (Un) Co Mining Corp Atlantic Refining Co Petroleum Bros Corp Preferred Feb. 11% Feb Radio Corp of 1,655 13% Jan 14% Jan: 1501/8 150%. 2,040 146% Jan a71% a71% 150% Feb Republic _14 22 30 Va 522 28% Jan 30"'4 321/4 32% 1.156 28% Jan 32% Mar 8% 3 California — Certain-teed Clary Multiplier Corp Consolidated Consolidated Consolidated Vultee Pow6r 5'% Oil Creameries N Crown 143 duPont de Electric Nemours Bond Electrical & Derrick Exeter Farmers Florida Power Motors Holly Hunt Foods. Imperial International Int'l Kansas Power Kennecott Kern Lockheed Aircraft Loew's 6% Los McKesson Menasco Diablo Edison Ohio Oil Pacific Co 5% Inc (Un) .... 4% 26% Jan- Jan 10 y2 Jan Jan 4. a— 5 Feb 14% Jan Jan 7% 9% 177 - 50 19% 93/8 , a__ 230 1,401 al7% al8 15% 2% 11 Jan 18 Feb 23% Jan 1% 10 V2 Jan 2% Jan 11% 11% Feb 12% 760 1.55 Feb 467 13% 10 350 9% 3c 1,000 3c 3c 2.20 10 Vt 2.25 i 2.20 a27 6% 6% al8% 6% Inc 15% 10% Jan 2.30 13% Jan Feb Public Service Co pfd__ Motor Car Co (Un) Packard Airways Corp footnotes see page (Un) 38. 133/b Mar Jan 53% Jan Jan 1,045 33% Feb 37% 21 Jan 23% Feb 62 62% 1,745 Jan 643/4 43% Jan 43% 870 Jan a663/4 a67'% 44 Vt Feb- 329 62 Va .25 a67% 14% Feb 29 Jan Jan 22% Feb Jan Feb 11% 11% 29 ya 11% 2,344 10% Jan 12 Va Feb 20*% 20% 203/b 160 19% Jan 21 3/4 Feb a 36% a37 225 36% Jan 36 Va Jan 60% a36 61 Feb 16% Jan 9% 9% 19Va Jan 461 8% Jan 93A 11% 11% 100 a22'/t a23% 16% 5 Co & Carbon Corp Lines 25 Pictures 42% Jan 443/4 Jan Jan 26 2,192 253/4 Feb 27% 135 85 Feb 85 a27% a28 Va 155 26 Vt Jan 27 Va Feb 16% 880 14'/a Jan 16% Feb 3% 212 3% Jan 3% Jan 10 16'/4 1 3% (Un) (Un) Inc a27% 193/4 1 1 a 19% lo • a a43% 31% (Un)l- 19% 311 8 56 13% 133/a 19a/4 Mar 23 Jan 20% Feb 21% Feb 38% Jan 41 253/4 Jan 3,494''' 313/b 47% . 25 2,947 19% 30% 40% Feb 165 1 Co 9% 9% 9% 33 Va 33% 34% 1,200 a23 a23% 40 a23y4 1 6% 10 (Un) a50y8 6% a 4% Jan 7% 17% Jan 54% 1,014 45% Jan 47% Feb"'' 7% 26 Feb Laboratories 1.20 Jan 1.40 Jan Adams 2,821 24% Jan Feb 175 5 Admiral 17 3/a 293/8 25% 25% 705 17% 17*!4 7% 17 yB a40% a40% 95c Jan 8 Va Mar Acme Steel r 300 (J Feb is ya Jan 24% Jan 263/4 Feb Aetna Jan 20 Feb Akron %c 72 Jan 95c Mar Co D) Mfg Ball & Roller * a57, __ 8 40% 17 2 2V» 17,830 70c 3,800 20 Va 216 173/4 Jan 20 Va Mar American Rad 54% Jan 58% Feb American Tel Feb 1.75 Jan Anaconda Feb 18 3/a Jan Armco Steel Co a55% a57 523 1.45 1.65 4,978 17% — • —. 13% 1 __ 1 1% 60c 9% 173/8 9% 135 1.45 »' 200 , a22% a23 13 % 13 y8 10c 11c - 5% Jan 49% Feb 13 12% 13 21% 21 Va 211 20% 20 3 245 a Allied Feb American Airlines Jan American Jan 93/4 Feb Armour 24 y8 Jan Asbestos Jan 13% Mar Central & UCROSSE EAU Feb Feb Avco 21% 73/4 Feb Jan 2.00 Feb 35% 170 313/4 • 26% 26% 267/8 380 26% Mar Jan 35% Mar 28 3/4 Feb 12% Feb 20% Jan 223/4 Feb 32% Feb 34% Jan 36% 36% 170 35 Jan 36 3/4 Feb 33 % 33% 196 32 Va Jan Feb 28% Bruce 366 28 Jan 28% Feb a65% a65% Burd 10 61% Jan 63 Va Jan Burkhart 643 52 Feb 54% Jan 200 24% Feb 24% Feb 24% 243) • 334 3% 4 2,826 3% Feb 2y2 10% 10% 11 1,630 9 Jan — 33% 4% 11 Brewing Corp Jan Feb Brown Steel Shoe Co €o (E Piston (F) Corp L) Bros Jan 24% 25% 17% Jan 26 Feb 6Va 63/4 Jan G3/, 7 700 63/) Mar 7% Jan 3Vt 300 3 Jan 3% Jan 4 Jan 3% 2,80|) 100 53/t Jan Jan 50O 3% Feb 26% Jan 34% Feb 93/4 Jan 11% Feb 21% 22% 475 21V4 Feb 223/a Mar 50 14% __ 87/a __ 100 (Un) • —- common Manufacturing common Canadian Pacific (Un) Carr-Consol Biscuit 2yz 1 800 13% 2,033 146Vt Jan 30% 690 28% Jan 31 323/a 656 27% Jan 32% Mar 14y2 150 83/4 9 1% 1% 106 106 5% 6 2 7 2 6% 73/a Jan 2,210 7% Jan 30) 1% Jan 35 103% Feb 400 15 Feb 150% Mar Jan 9% Jan 1% Jan 107 Feb 4y4 Jan 6 Feb lftO 1% Jan 2% Jan 8,300 5% Jan 7% Feb 50 37% Feb 33% Jan 133/g 13% 200 113/4 Jan 13% 41% 42% 1,226 35 Vt Jan 42 % Mar 5Va 53/4 700 4% Jan 333/a 34Vt. 1,400 303/4 Jan 15 15 300 14 Feb 123/4 123/4 700 12% Feb 14 Jan 56 Vi 58 Va 395 55% Feb 59% Jan 37 37 100' 37 Feb 40 Jan 19 400 37 — 42% 34% 2Va lo 5 143/4 150% 29% 31 — 12% 15 Burton-Dixie Corp Butler 16 2,150 1 Inc Ring Jan 4,000 • Bethlehem 12% 300 2,053 16 11% 5 Bliss & Laughlin Inc Eorg (George W) Corp Borg-Warner Corp 117 22% 100 34 y2 10 Jan 33 3/8 Jan 16 3% 4 Aviation 22% 21% 11 3 Mfg Co— Berghoff 54% Jan 32 3 Bendix 33 Va a53 a53% (Un) Bastian-Blessing Co 28% __ Fe Corp Belden Feb 19% 3V4 63/4 50 600 6y« 25*% 846 20% 16 „ Feb Jan High 5114 20J/a 10 Atch Mfg Low 50 11 Va 1 Jan 6% ■ 50% Range Since January 1 High 34% 5 173/4 1.40 a53 '/a Low 5 100 (Un) Jan 34% CLAIRE Sales Shares • (Un)__• (Un) Co 14c 34% — San Co (111) Mfg 13 2,700 — 3, ILL. for Week 1 Co 21% 25,500 12% Stand Tel Copper Mining Jan 7% 123.) & & (111) Jan Mar 2.00 — Feb Chicago Board of Trade Range l 18 3/4 7% 33% 49% 1 (Un) 10% " '• Feb 6-0780 Week's .50c Topeka & Santa Athey Products Corp Automatic Washer 1.80 10 Castings-. Bearing Investment 1.90 — 1 Laboratories Feb 10c 3,115 — Feb 2ya 8% - — 7 • 41% 90c 11% 244 2,690 Jan 22% 3,600 - 17 Feb Feb * Mfg Alleghany Corp (Un) 65c 41% Co— Brass 19% 2 70c Feb a— 186 of Prices 10 Corp Advanced Aluminum ll3/8 531 95c Feb •— CHICAGO Par Abbott 4,7)0 17% Jan 9% 343/8 400 Last Jan 29 3/8 25% 16% Jan 6% Friday STOCKS 28% v Feb Jan 8 303/4 49 3/4 a50% MADISON Jan 28% , 56 Midwest Stock Exchange Feb Jan Jan 8 Va a Jan j">"31 % Mar,, 13% Mar 1.370 12.50 4 Feb 333 19% a a43% a43% 1 Inc W) Jan (Un) Consolidated Oil Co—.. (F Feb 25 Va a8G'/2 a87% 50 Theatres Lines llVa Feb 373 25% 26 Jan 22 43% 5 (Del) Jan 10% 235 43% (Un)_* (Un) Inc Jan ■ 1.35 17% Feb 2iy» 26% Members: 734 a 69% 380 965 4(6 Paramount 1.30 al7% Jan 22% 28% „ 16% 250 66% 22% 27% 2 MINNEAPOLIS 51 , 1 28% a22 % 1.35 — 61 42% MIDWESTERN LISTED AND UNLISTED SECURITIES 125 Jan * 270 305 Midwest Stock Exchange 170 Jan * 35 23 DAYTON 6l GERNON 18% 7 1 35 23 23 20 a— 23 25 Pacific Jan 50% Jari 30 _10 common—, 11% 320 Feb 265 25 preferred Corp 2,352 53 * Jan Jan 26 10 Lighting 13% Jan Feb 7%c a6% 25 Indemnity Company Feb 13 53 gale Price 25 redeemable Mar 35 19 Jan 11% Feb 1 : —T 35 Jan Jan Jan a 1 _8 Corp of Calif Feb 34% 105 SO. LA SALLE ST. 46 45% ' 1 j. Products 34% 275 Feb V Feb 25 % *• 'Un) 28% 190 35 Century-Fox Film (Un) Warner Bros 53% a 277 35 Jan Jan 27% 43 75 28% 28% 35 35 17 Va Jan 2.10 10 a27 a27 % Jan Feb Feb 28% 48% Mar 9% 4,100 a36 V4 a36% 32% Feb 85 400 al3% al3% Jan Telephone 60 1.65 10 31% Air a 805 13% 10 185 Feb ___ 1.65 10 30 Vt Mar 32% Jan Carbide Feb 13% . 27% Jan 32% 14% Feb 44% * Jan 29 y2 3,722 Feb 78 a__ 255 610 ' all% allVa ; ... ■ 19% 47 Jan 22% 70 48 3% Jan Jan 16 V2 100 35% 26% 378 Feb 42 Va 90 22% —1... 9% Jan 422 a 69 Vt 46% 76% —_ Feb 2,587 30% 17% Western Woolworth 1% 307 35% 27% 16% & Feb Jan Feb 35 27 30% Jan Jan liV Jan- 34% 27 % 24 Va Western 302 Jan 61% Westinghouse Elec Corp (Un) West Kentucky Coal Co (Un) Willys-Overland Motors Inc (Un) 27 Jan. 17 72 14% Mar 306 24 Feb Jan 14 % Mar 250 Jan 16 Jan 14 y2 Mar 1 Va 22 622 Feb United Corporation Jan 1,890 16% 713/4 14% Mar '■ 37c Jan 46c Jan 223/8 163/8 23 185 15,000 22c 395 Coal Air Jan Jan 935 400 43C 2ya Jan 36 Vt 20c 135 Jan 18 Feb 2,000 61 19 54, 178 Jan 313/, 21c 23% Feb « 6c 32% 713/4 63% •/'• Jan Mar 61 Universal 14% 6% 4c 23% Jan l<eb Feb 3,000 1,142 713/4 19% Feb Jan • Certificates of interest in com United States Rubber Co (Un) United States Steel Corp 63 y4 Feb Jan 73 22% 16 3/« 11% United 5% i 10 Feb 40rn 17 3/4 20c 90 5c 31'/a 31% 25 Feb 418 4c 5* Air 21% Jan a35 a35 Va Feb 51 Jan 67 1 United 33 Vi Jan 51 • Co Jan Feb 19 897 579 25 7% Jan 465 20% 43% Feb Jan 1 9% 14 32% 31 y2 20% Jan 9 Mar 43% 25 74% Jan Jan 31 31 (Un) Corporation Oil Corp Jan 31 * Feb 59% 125 • Union Oil Co of Calif com Union Pacific RR Co (Un) United Aircraft Jan 7% Truax-Traer Union a__ 6% 7% Tri-Continental Corp (Un) Twentieth Feb 36 Va Feb (Un) Assoc Transcontinental 30 6J/a Jan 7% 1 Jan 46 (Un)_100 Pacific For Jan Company (Un) Sulphur Co Gulf Transamerlca Jan Jan 30 Va 185 • ^ Jan ' —10 Railway Co 1.05 5% 2,420 25 73/4 11 1 (Un) ;(Un)-__ (Un) preferred American Feb 31% Mar 1,380 6 5 Sunray Oil Corp common 4%% preferred class B Swift & Company (Un) Texas 39 35% • Stone & Webster Inc (Un) Studebaker Corporation Tidewater Jan 25 Standard Oil Co (Ind) (Un)— Standard Oil Co (N J) (Un) Texas Feb 42 35 Vt Company 6% 75% —• Pacific Pan 80c Jan 21% Feb 25 72 Vt 48*% 1 preferred 5 Vz Vc Jan a6% (Un)___—18 Pacific Gas & Elec common 6% 30 Vt 17% Jan 37'/a 5% 25 pfd_L 111 a83 Va a83'/8 1 Co RR ComDanv Clay Jan 553/4 22% 20 Co Pacific Finance Jan 19% preferred 1,122 46% * Oceanic Oil Co Ohio 123/4 Feb Feb 20 Va 2,600 25 * 9'/8 761% 1 —____ Ltd—— Aviation-Inc (Un) Aircraft Jan Feb 17% ' 15% 140 50c 38% 5% 25 50 19% 7 Corporation Northrop 17% 113/4 w 75 a21% a213,8 —1 Pacific Feb Jan Jan 6 50c 25 a7 9% 1 American 43/4 17% 4 (Un) Jan 11% 6 25 com (Un) Jan 470 306 10c Co 763/4 27% Mar 35% . __ Ward & Feb " Jan 143/4 50c • 12% 40c —— Jan (Un)____15 8% •' 5'% 1 a79% a81% al7% al7% 17% Feb Feb Jan Calif 293/i 8 Inc Jan. 173/4 Jan 15% sv ' 673/4 , of 500 53% ' /• Distillers Prod Corp Northern 4 :r 79 13% 1 City Lirtes Inc__ North ; , 1,405 13% 14% a 9% 4 V4 23% * 315 14'% 5 Co North American Co 14% 19 Va 7.50 (Un) National Nordon Feb 353/4 / Co Feb Feb 1,180 1,020 2,341 class A 32 y4 (Un) National . 67% 200 19 Va (Un)—_• (Un) Petroleum Central Jan 5 63 »/4 10 Co York 21% ' 63% —* — Nash-Kelvinator Corp New Jan Co 13 2% (Un) & Robbins Montgomery Jan 153/t Feb 8 % 4% 27% 15 Va —25c a57 8% 25c Middle South Utilities Mt 33 63% 15% Jan 15% 1 13 a79% _33VaC Company Mfg Merchants Jan 175 1,008 Jan Jan 29 Jan 4>/a 15 Pacific 363/j Feb 145 • preferred Southern Jan l2Va 263/a Southern Railway Company (Un) Standard Brands Inc (Un) 1 Standard Oil Co of Calif a_- 14% 305 - Jan-; 23% Jan 76 4% 8% 14% Mar.: 8% 33% 263/4 4% 1.75 ; a7 1 Angeles BUtmore Hotel Mascot Oil Jan 15. 273/a Co Gas SO 265 1,350 27 8% Jan Jan 6 Southern Calif Gas Co 6% 6% preferred class A Southern Co Feb 27 14% 1 preferred 4.88% 58% Mar.,! a__ 228 4.48% a34% a34% 27 14% 1 Southern Calif Edison Co Ltd 4.32% preferred Jan ; & a34% • 32 % 12.50 Corp.1 50Va Jan 50o 57 13 (Un). Co__ Magna vox Company 50 , 6% & Petroleum 4.56% 23 Vt 100 17% a * — (Un) Feb 0 Sinclair Oil Corp Socony-Vacuum Oil Co Inc Jan.; 12% Jan 80 . 35%: " 7% , t 1 (Un): Inc 1,680 a35% a35Va 6% 6% .-25 Can 473/4 • Trading Corp Signal Jan 51 v . 2iy4 Mar 8 Company Petroleum 4,105 14% 984 10 Ltd- 210 Finance Co Signal Oil Feb Feb 26% Feb Sierra Jan, 8% & 56% Feb %7% , 34 V* > Feb ;50 310 27% • -'.'v. Libby McNeil & Llbby Lincoln 5 145 58% 176 * Laclede Gas Light Co (Un)_ 'Lane-Wells 2,820 50% 1,550 1 (Un) i. *. Jan 1% Corp —_i_: Si Light Co ' 25 % 30 1 '1 * Jan 60 Feb 2Vb Jan 7% 8 A ,j.. Jan 31% 95c 1 (Un) Co 1% ; 555 1,715 29% 5 County Land Co - 1,000 81/2 o class Corp > I % 33% ' 87 %c 6.66% Copper Feb 305 3 of 10% 13% Co com Feb Feb (Un)—1 Co new 42% 10% 4% Company Nickel Paper Co Jan 343 21% Exploration Co Intercoast. Petroleum Corp Kaiser-Frazer 35% ' 31% 5 Corp 471 10% • Inc Iron Jan l independent Interlake 13 • (Un) Development Feb 169 -—50c Corp Development 10 115 Corp Hudson Motor Car 1,700 31% 1 Company Corp Hotels 10%; 42 %r, al7 (Un) Graham-Paige Motors Corp Greyhound 56 12% 17 a Goodyear Tire & Rubber Co common..* Hilton Feb 1 Corp common (E F) 48 12% (Un) Gladding McBean & Co ! Goodrich 495 al6% « (Un) Public Utll 48 4% 2 General Electric Co General Jan a68% a69% 4% • Corporation General Feb 25c 60 Light Co—____ & 38% Jan 17% and Merchants Nat'l Bank_100 Garrett 20 Jan 25c 28° Co Ltd Jan 37 Va a63% a64% ; Corp 4 Equipment Co——5 Fitzsimmons Stores 17 50 1,060 , al7 Company Ltd A Liquidating Corp— FAR 40 25c 15% Oil & Sears Roebuck Shell Oil Co 38% 35'!4 Products Emsco Seaboard Feb al7 Inc Share & Feb 6% a36% a36 % al4% al5% 35% 25 Inc 11 Va Jan '7% s a36% Corporation (Un)__5 Curtis Publishing Company (Un) • j Curtlss-Wright Corp common (Un)__* Douglas Aircraft Co Inc • Industries 19% al9% Jan 3% 13% 7% : Zellerbach Dresser 47% • Regis Paper Co (Un) Schenley Industries (Un) 10% 15% (Un) (Del) 47% St 1,141 • Mng Y 47% 11 % Mar Oil 40,005 6% ' 11 50% * America of Feb 20 (Un) Corp Co 13% 50 56% 58% 1 : Aircraft Motors Jan 1,320 a27% a28% 5% 5% __ continental Feb -8 10 ; Co Continental 7% 33% 1 Engineering Corp__ Liquidating Corp : Consolidated Consumers of Jan 8 28 & Sav Edison 5% 7'/« 1% — 10 Gas System (Un) Commercial Solvents Corp (Un).: Gould Jan Corp common Ryan Aeronautical Co Jan 10% —25 Columbia Chollar 8% Safeway Stores Inc a22% a22% . Cons 1,310 1 Feb 9% 42% 42% common—A Co 11% 2.50 Jan 10 • Colorado Fuel & Iron Corp com Preferred Commonwealth Edison 11% Co 40 ! 8 — Oil 109 48 • i (Un)__ Ranch Richfield Jan 25c 18 , Rice Jan 38% 1 —- Cities Service Co 11% 173% 1 Feb a 5 Products Corp Chrysler Corp 191/2 ; • Canadian Pacific Ry Co- (Un) Caterpillar Tractor Co (Un) Jan • 37% 5»/2 a 2 . Corp iti% (Un) 104% al2% al2% 10% 111/2 J:—;— Packing 20 Va 781 (Un) 10 a6% ... 200 ; Corp 300 5 ■. 9* Pictures Corp 104% 104% —1 (Un)__ Co 17% (Un) 8 7 —50 Corp (Un)__ Corp Boeing Airplane Co (Un) Feb 17y4 • America 230 1 s 17% 17% (Un) a38% a38% ... 25 Steel > Jan, 29% Co Reserve Oil & Gas Co Rexall Drug Inc Jan — ! Jackson 32% 32V3 Diamond Byron Feb 30% -— Borg-Warner Corp (Un) Broadway Dept Store Budd Co (Un) i 22 Oil Republic Stee] —. 5 Consolidated Bolsa Chica Oil Corp Borden Company (Un) 1,374 a__ 10 Aviation Corp (Un) 8 Bendix Home Appliances Incj— 5 Benguet Consol Mining Co (Un)____50c Bethlehem 241/8 a__ (Un)_30 Bendix Blue ■* 15 Pure High 1,853 Radio-Keith-Orpheum Corp (Un) 14% Jan Low 19 25 34% —J Range Since January 1 High 33y3c (Un) Feb 4 Low 17% Phelps Dodge Corp (Un) Pullman Incorporated (Un) Jan Ry (Un)—100 Oil Co Pepsi-Cola Co Jan Jan * * — Barnsdall Oil Co 3% 9% common——).—10 * Barnhart-Morrow Basin Co Shares 5U 3% a33% a34y8 .11 Locomotive Works (Un) 13 Baltimore & Ohio Railroad Co (Un)_100 Bandini for Week 19 (Un) 31% a34 Baldwin Barker 25 High Feb Co 225 (Un) Sa les Range of Prices l 1,185 (Un)_~i_ Manufacturing Corp a3 Va 3 < RR Pennsylvania (Un) 11%' 14%" - Week's Last Paramount Pictures Inc Range Since January 1 20 a3V2 a3 la' • (Un) Atch Topeka & Santa Fe Friday Sale Price 100 — Co (Un): (111) , 3 STOCKS Low a2% 1 (Un> (Un) Armour & Company Avco Co Corp, (Un)__ American Woolen Anaconda Copper MARCH Par High . &2% 1 (Un)*...; San St & EXCHANGES ENDED for Week Sale Price (975) Sales STOCKS Juneau WEEK Angeles Stock Exchange Friday Alaska FOR CHRONICLE __ __ 19 7 31% 8 37 7y4 17% Jan 6% Feb Feb 34% Mar 15 19 Feb Jan 350 7 Feb Jan 34 Feb Feb 83/4 Jan 50 29 19 % 19 Vt 50 16% Jan 193/4 9% 10 '/a 75) 93/4 Jan 11% Jan 25 14% 15Va 545 143/4 Jan 153/4 Feb 1 3Va 3V\ 1,550 3Va Jan 3% Jan 12% 10 10% 31V4 31 32 (976) COMMERCIAL THE & FINANCIAL CHRONICLE Monday,; March 6, 1950 OTHER STOCK EXCHANCES RANGE Friday STOCKS Par South West Corp 5 Central 111 Secur Corp common Convertible * Certaln-teed Products 5 25 4 • * ~ Chicago Mil St Paul & Psc vtc Chicago Towel Co conv pfd Chicago Yellow Cab Chrysler Corp Cities Service Cliffs Cleveland Clinton 20 V Feb 27b Jan 20 '8 203 4 600 19V Jen 20% Jan Richman 17% 150 10 974 15% 600 29% 13% 13') 13% 1,107 65 Va 6519- 65*8 B 12 64% 260 115 Feb Jan Jan 7% Jan 114 Jan 25 12 18 V 11% 30 V Jan Jan 12%. Jan 100 •• e- - 28 Feb Feb 9% 2,iuu 14%.. Feb • «5V Feb 8% Feb 115% Jan Joseph St Louis National Stockyards 12 Mar 1,030 63 Jan 68% Jan Bears 397 67% Feb 787a Jan 32 7 s 33 V 150 32 Feb 337b Jan Serrick Corp class B common Bbellmar Prod Corp_ 15%. Mar Schwitzer 1,100 14% Feb 15% Jan 73% Jan 78% Feb — 43 T, Jan 46 Feb Feb South 36% 225 33 lb Jan 36% Feb Spiegel Inc 6% 200 6 V Mar 6% Jan Standard Oil of Indiana— 200 20% Jan 22 V Feb Standard 25 2.300 11% Feb. 12% Jan Standard Oil 6,700 29% Jan 31% Feb Standard 10 17 Jan 20 Jan 10 25 V Jan 20 Feb Sterling Aluminum Stewart-Warner Corp Sis Jan Jan Stone Jan Studebaker Feb Sunbeam 121 311, 31% IT 23 , 17" 28 -50 a . 1 — — Corp -— 6% 63b 150 28% 2878 175 1 6'fa 5 1 A .-15 6% 9% 3378 4 601V 77a 7 495 &■:. - 27 V. Jan 1,250 3474.' 3Tb 1,230 Jan 337 s Mar 3% Jan 714 30 9 V 36V Jan 4. Jan 60 7 , 331 54% Jan 607s.Feb Swift Se 63% 699.. 61 Jan 64% Feb Swift Internationa! 30 300 29 Feb 30% III ; 15 79 Mar 90 Jan 20% 21 " 325 20 V Jan 22 Jan Thor 101 Drive .20 3 Flour Mills of America Inc 10 V 700 10 V* Jan tl Jan Trane -10 Auto ~5 la 5'a 750 Jan 5174 5 Transportation Candy class toGeneral Electric-Co (Un) 15 *- III Finance Corp common 46%. 7V -10 Corp— 1 Refrigerator Co Gillette Safety Co Razor- (Un) " 46 46 7 , ~8% 38 la 67s Jan 7V Jan United 8 V Feb -BV Feb 75 76 V 2,266 68 V Jan 78 V Feb United Light 6c Rye Co, United Paramount Theatres com.: 18% 697 16% Jan e%. : 38 1 2 V 2 1 8 11% Mar 23 28 . 1% Jan Feb Prior Feb 11V Jan Wisconsin Jan 16 Jan Mar 147s 25 Jan 23 400 11V Feb 12% Jan 5 30% 30V 500 26% Jan 31V 177s 16 400 117b Jan 19 Jan 24 24 300 22 V Jan 24 Jan 1 Werner Corp Spencer Bartlett 25 lb 26 250 21% Jan 26 7 __25 39 V 200 40 37<i 3 1,400 6% 39 Feb 41% 19% Jan 11% 100 HV- Jan 12% Feb 167V 267 12 V 18% Feb Inc 1,000 890 26 V Jan 2974 657* 325 47 Jan 65% Feb 9 Jan 11 7b Feb 107V Jan 1274 Feb 34 3774 Jan 36 37 . Brick Illinois Illinois Co._L Central • 5u 32 3% 20 3 Jan 23 la 105 23 Jan Independent Indiana Pneumatic Inland Power Steel Interlake Iowa Power Shoe 12 V 14% 3,273 9%. Jan 60% 6174 837 5974 Jan 33 33 V; 1374 -• .: - 34 50 • 300 Extension University Machine Co 30 23 V 28% 1.20O Mar 23% Mar 1714 Muter Co 11V 11% 5 1 •50 9% 5 100 5 2 lb 2% 100 2% 6 6 14 50 6 Jan Jan Mar 17 V Mar 14% 85 Feb Mar Jan 12% Jan Mar 6V Jan Jan 27 s Feb Mar 7% Jan 10|) 1074 Jan 11% Feb 50 22 34 Jan 23% Feb 161* 16 V 300 40 40 6% * 778 * 51 1 51 1 51 Jan 45% Jan, 167s 740 137s Jan 1674 374 374 V r427* 1,500 1,140 20 20 ■: 100 20 * 50% 51 250 7 800 11 50 2% 25 6% 24% 6% 14 xl8 V £18 V 24 V 2% 789 25 100 6% If 650 674 634 100 33 % 34V* 835 30% Jan 34% Feb 16 16 ioo 15 Feb 16 V Jan- 15 V, 15% 650 14% Feb 15% Feb 85 85 823^ Feb 85 Feb , * !. 20 . 1174 - 11% 850 1174 Jan 12% Jan 14% 117a 2 1474 150 ,14 V Feb 16 Jan Jan 5 11 11 100 10% Feb 14 V • 80 V 79 80 V 4o.j 73% Jan 80 V Mar 1978 92% 92% 92% $1,000 BONDS Chicago Transit Authority 374s Philadelphia-Baltimore Stock Exchange 612 14% Jan 17V Mar 161 11% Jan 13% Feb 219 12% Mar 1574 Jan 12% Jan 14% Mar 68 V* 1678 1674 12% 1274 1274 12% • 14 V 1374 14% 552 2% 64% 6374 Works Locomotive Baldwin Baltimore Transit 57c Co 1st pfd—100 Company Curtis Publishing Co Davison 64% 304 62 74 Jan 674 7 V 460 67s Feb 8 1 13% I Chrysler Corp 23% 22 V 2374 135 2174 Jan 24 Jan • Chemical Corp 6t Light Mar Jan Jan 2274 22% 23 1,533 21% Jan * 38% 38 V 39 442 37% Feb 2314 41% Feb Storage Battery General Motors Corp 10 76% 75 76% 2,750 68% Jan 78 % Feb Gimbel Brothers -5 14% 14% 29 14% Feb 16% Jan 8 V 257 774 Jan 8% Jan Power com Electric Coal Lehigh & Navigation 10 8 8 —1 Pennsylvania Power & Light Pennsylvania RR Pennsylvania Salt Mfg common 12% 1374 705 11V 10",» 11V • 50 (Glenn L) Pennroad Corp 1274 1 Martin 23% 23 V 1774 17 10 Jan 13% Mar 1,603 1074 Jan 11V 24 2,069 21% Jan 24% Feb 177a 44% 10 Jan 2,959 16 V Jan 18 Jan 88 413a Feb 4574 Feb 36 Jan 39 V Jan 44% Pennsylvania Water 6c Power Co • 36% 36% 37% Philadelphia Electric common $1 dlv preference common * * 247a 2414 25 25 Va 2574 280 4,170 188 Jan 2374 Jan 25% Feb 24% Jan 2674 Feb 17 Jan Feb Feb 2674 Feb 28% Feb 30V Feb 22 V* Corp 81 Gas common $1.40 div Reading Co preference Feb 54 Jan Scott 2374 Jan common 27% Feb 49% 51% Jan Jan Bun Oil Tonopah Mining Feb United Corp 11% Feb United Gas 2% Jan 2% Jan Westmoreland Jan 25 V Jan Westmoreland Jan 7 350 2074 Jan 707a 268 66 V Feb 56 V 57 V 173 5574 Jan I—I1 13% 20 Coal 93 * Jan 7074 Mar 60V % Mar Jan Jan 37a 374 2,614 374 Jan 277.) 28:% 1,092 26!a Jan 2874 21 21% 250 20 Jan 21% Mar 29 29% 228 23% Jan 32% 43 44 $8,500 41% Jan 45 Jan 47 3% 28 10 Inc fa 74 74 " _. Improvement, 47 2,000 44% Jan 49 Jan — BONDS Jan Jan 22 lii 69 7'a 56% Jan 6 21% 7074 Co Jan 23 • • 6 7 common % .50 Paper 9% 14 V Feb 547b Jan 58% 4 Jan Feb Feb '' •' 12 V 21V 12 V 1,250 11V Feb 12% Feb 17% 790 16% Jan 18% Jan 28 200 24% Jan 28% Feb 374 5s series A Feb 1178 -1975 1975 Baltimore Transit Co 4s Jan II Feb 18% Mar 21% 515 28% 30% 2.500 16 16 10 13 1,450 • 30! b 2 la 12% * • 43 Peabody Coal Co common 57c prior preferred _25 Pennsylvania RR Peoples Gas Light & Coke ~374 100 33 %c 35 V 27 3% 14 4V 9V 19 5 50 43 26% 14 Airways (Un) _2Va l Xl2% 343s 26V * 11 17% 19 6% 16 6% 25 2.378 605 20 7 Feb 11% Jan 24 18% 257b IK. 10% Feb Jan 21% Mar Jan Jan Jan 117b ' Blaw-Knox Columbia Gas System • • 12 Feb Duquesne Brewing 5 13 Feb Follansbee Steel Corp 30 % Mar 16 13% 43 Jan 35!8 Feb Fort 28% Jan Harbison 14 :. Feb 4V Jan Mountain Jan 11 Feb National Feb 2112 Jan Jan 7 Jan New common Old $3.50 50 17% 6 1R Jan 17 V Feb 16% Jan 177/b Jan 429 1277b Jan 138% Feb 11V 11V 5,100 Pressed 8% Jan Steel Car_ 1 7V 7V 100 7V Jan Corp (The) :* 8% Jan 4V 4V 20 4 Jan 4V Jan 26% 27 • 14% 14% 8V 1 10 1 com—* 5 10 5 1,275 27 Jan 1174 Mar 24% Mar Fireproofing 2% preferred— convertible preferred Pittsburgh Plate Glass Pitts Screw & Bolt Corp $2.50 San Toy standard United Mining Steel Spring States 600 26% Feb 30 15% 3,200 12 V Jan 15% Feb 8% 145 Westinghouse 8lb Mar 9% Feb Westinghouse Jan Corp Common Glass common voting trust ctfs Brake Electric Corp Air -• 2o 10 * 1 Low 15% 12 ,s 15% Jan Feb 1274 Jan 13 /a 13 ,a 500 1174 Jan 14% Feb 13/* 16 a 22 9 21/a 5 n 14 17 1 2^2 ^11 2.0 22 6 <4 25% ,a ,» • -- 16% 22% — 22% 5% 9 „5V — — 1 — 1 — 1 • 12% ,-a o ;» no — — 26% 33,4 ' 67 66 ,4 38_ 3b/* 7" * 38,2 -ii/a 8c 9c 18 ■« 6% 6 26 33 ,8 ,4 /4 * _ fa- 300 ^ 1/0 ... 2,500 18^8 4 6,8 27 a 34 ,8 14 Jan V Jan 11% 2574 Feb • iuu 100 433 12 Jan 11% Jan 1774 Feb 2074 Jan 23 Feb 8% Jan 19% Jan 4% 54 3.* 9c High cO 151 217 21% 25 14% 12 « -- — Range Since January 1 High Pittsburgh Brewing Co- 1,780. 550 27 Mackintosh-Hemphill Fuel 8upply Feb 9 2.600 • Walker Refractories 3% 16% 29ss Pitt Brewing 2,270 17% 28V Co 8.500 16 29 V Shares Low Allegheny Ludlum Steel 17 V • Sales for Week Par Jan „b Week's Range of Prices Friday 26% Mar 18 Last Sale Price 26 V Mar 136% 138% 1774 Pittsburgh Stock Exchange STOCKS 137s Mar Jan 4Feb 32 30 Process 150% Mar 17 V 150% 34 24 V 28% 21V 38. 2,933 Jan 843 150 10 page Jan 1,019 140 50 see 29% 146V • —13 Budd High 215 Arundel Corporation 150 29 31 Feb Co footnotes Low 34 150% .100 Mar 26 V (Un) 33 V & Tel American Tel 24% 665 • For American Stores 2374 19 26% (Un) Range Since January I High 2-1 25 26 V America Low 24 8 V Mar 19% 8 of Par * Jan 30 (Un) Corp Shares Public Service El 77s Jan 20 Radio-Keith-Orpheum for Week 2674 56 3b Co Radio Sales Range of Prices Jan Jan 400 (Un) Week's Last Friday STOCKS Mar 18% Edison Co Feb 24 55 7 b Oil Oil 93% 17 X29V Ohio Pure 92% Mar 75 Jan 2,380 com Jan 471 12% 3% (Ina? 7V 17 22 V 13 V Corp % Jan. 3874 • 1 Service 6 17 • Ohio Public Jan 31% Mar 37 V 17% 3% Pepsi-Cola Co (Un) Jam 23 V 3774 100 12% <Un> 23 V Feb / Jan 7,300 3 550 13% (Un) Mar ; 19 200 317s 19 41 250 . • Car 20 25 74 1914 30 V 31V-, Philco 19 27% Pictures Feb Philadelphia Insulated Wire 25 • Xl7 V Pan American World Jan Feb 51% 3% Mfg Co 4 42 Feb Feb 27% B Feb 3% Jan 3a% Jan 1674 Feb X17V Co 197* Feb50% Feb 40 44 1 Shoe Jan 49% Jan 42% Jan 51 1,380 5 (Un» 16% Feb Jan 24 V 10 RR 34% 14 * —50c — 1474 Feb Jan 39 150 27 6% 25 (Un) 8,10(1 46 11 10 Co__ 8 V 26% 5 * 7% 100 45 Va 1 Cement class 13V 12% 85 2314 Bancorporation Motor 850 11% common Central Paramount 1,400 85 23% 7 Mfg American Packard 17 V 13% 85 Car & American Ontario Jan Mar 11% ——_— Tile 16% 12-% 4 Nash-Kelvinator Corp National Standard Co 4674 10 Manufacturing common Montgomery Ward & Co__ Muskegon Mot Spec class A Brass Feb Mar Jan Products Portland Mfg 41 30 Feb Modine Ohio Jan 500 • preferred Minneapolis Brewing Oak 28% Jan 7% • Hart vtc Bush Jan Feb 39% Mar 14 V $1. prior Nunn 267b 31% 33 Jan Corp — Midwest Piping & Supply Northwest Feb Jan Feb Brick North 1,600 Jan 377b 6% Cement— Food North 28% 28% 327b Feb 13% West York 50. 6 381 • • Mickelberrv's New 800 Jan 30 5 Co & Metropolitan National 39% 33 4% 700 Libbv & Portland Missouri 312 2,300 — Field Miller & 600 6% Printing Co $3% pfdLindsay Light & Chemical Middle 6 31% 14 V Lincoln Medusa Jan 6% common McNeil Marshall 15 ———25 Co Preferred Libby Jan 42% 1 33V4c 4 Lamson & Sessions Co & 14 400 30 5 1 Feb Jan 41% * — Jan V 2914 600 350 39 1 it 14% Mar 62 1,157 16 V . * —* Feb 39 28% 100 Laclede-Christy Co Laclede Gas Light <Un) Leath 12% Jan 38%. • common-. Feb Youngstown Sheet 6c Tube Delaware Knapp Monarch Co Kropp Forge Co common Landis Jan .34% 2314 Key Company Salle 107b J°*50 Light— delivered preferred Jan 437» -X43'IV ■ V 197i ,19 • 43% 50 137* ; 4974 19/ 50 * common * 30 Kelley Island Lime & Transport 8V Yates-American Machine capital Feb 750 • »' 33 • 25 Electric— <fc Kellogg Switchboard La 5% 31 * Co Gas & 57f • delivered WTien 57c 14'a —• a Illinois When 14 14 « • Harvester International 12% 37 1 Light & 12 37 • Steamship International Iowa Tool Products Steel Indianapolis 24 10 J- Jan 607s j Feb 39% 3% 100 „ RR 7% Jan 595 Sale Price preferred $6 Jan Feb 8IV , 3674 1 Bankshares Jan 3% 39% 5 common 187* Jan Jan Jan- 5 common Feb 262 12 V Corp Industries Mar —50 Huttig Sash & Door 27 V Jan 3 21 '■> 17b 7% 43 Jan Mar —1 Corp 25% Jan Feb 7% 963 17% Jan • preferred Woodall Feb 17% 3 Brewing Co — Hydraulic Press Brick 2% 6974 2,258 • Works- Stores 10% 500, 30'V __1C Heillman Hupp , 1 Co— Corp Hibbard V 2 Brewery— Harnischfeger WIeboldt 66% Jan Jan 64% 1 interest-^ of common-. Motor 500 11 % (G) Feb Steel 650 23 11% 13V Certificates 8 Feb 1,173 9V 28%. 27'V (Un) Co_ 200 2 V dlv Electric White 12 V Towing Hein Westinghouse 49 V Mar Great Western Feb 30% 11 Instrument Van Dor 11 Iron Jan 15% Hammond Feb Jan 10% Grlesedieck 38% 24% 151, -100 Jan 44 V 11 class A 33% 300 15 "2 common U 490 Dredge & Dock Cooperage Feb 49V Great Lakes Lakes Feb 10 V 820 ' Gray Drug Stores Greif Bros 18 V Jan 30% . without 8 38 V 11% H> 1.050 Jan 45 26 %r 19 - 8 8 28%. ,16 V 100 87* 10% 12% (Un) 250 Gossard (Un? — 6 V 4814 Graham-Paige Motors Corp Inc 15% Jan Feb Jan 42% Jan 11% 46V Mar Carbon Lines 17 825 12 41V Air 24V Jan 600 850 Union United 143,b Jan 400 117b Transcontinental 6c Western. Air— S 20g South La Salle St Corp —.* Jan Jan. Feb ■ 9% 16 V v , 2 6c Feb 167« .',18% 5 — (The) Carbide 12V Jan 43% 11% 15% Feb 16 11% V. 14 TV 2978 - (W 1,629 . 5% 22 5,500 11% 51% Mar Jan 500 2,230 16% 18 "b 14%. Jan 46 , 13:V 26% .23 7 Goodyear Tire & Rubber Co Co 5 V, Jan 30 lOO T Corp 3074 227b . Jan 12%, Feb 26% 2,000 26% deposit (The). Co 30 V . Jan 11V Jan Ltd— 17V 76 la —5 General Public Utilities 51% .15 Co 8% -10 Preferred Glidden 5% 5 Amer General Motors a Jam 100 677V Jan 80 of 12 44% 2,670 Is Co Co. 10% Mar 41% 450 11 43% ,12 -25 GO Texas Jan —1 29 79 34% 6674 . Sunray Oil (Un; Jan Jan! 9V —1 Machine Too] Jan 31 66% 1 6% 425 43. • Corp Bundstrand 16% 5 Corp.: Corp (Un). 45 32 1 1 (Un)— Products Jan Jan Jan 10 com Steel Spring Container Ctfs • (Ohio) 79 —2 .5 -/ (Un) Jan 7 26 V Mar 29 V 16 V 16% .2 62 lb (Un). —5 Nemours de 12% 311* Jan 47« 46 V Feb Jan Feb 13 ; 25 Works- — J) 40 110 1,000 6% 26% 28% 16% 36% (N 6% Mar 26 V Mar ■ 200 427<r 13% 28 V Oil 43 V Mar 400 500 22 V • Jan Lathe 550 " 26 V. 5%. 12 -15 277a Bend Feb 27 10% . 43% 29%. Steel Strapping. Oil Corp6ocony Vacuum Oil (Un>— -25 (Un? Eaton Manufacturing Co Eddy Paper Corp (The)Falstaff Brewing Corp _ Gibson 1 Sinclair 200 5% 413< 5% 1 Slgnode 200 45 27 V Mar 31V « 78 % ! 1 . Co A 100 ... ... Credit Corp class Dow Chemical Co General Cummins Roebuck Jan 2674 1% 3 28 23% 6%. ; 41 , , ~5% • * — 643 Xl4ce * Domestic General -—• com 28 23 ■- Four-Wheel A Sangamo Electric Co Schenley Industries (Un) 44 6% 26 V High Feb 1,200 /$ 6 43 V 6% 26 V 69% 12 57 a 5 St Louts Public, Service Low 27 900 42 I * 63% 50 27, Power- & Range Since January 1 High 10 2% 68 642 12 la Curtiss-Wright Corp (Un- General Light Shares 27 • Bros Co Raisin Paper Co_ River St (Unj 6% ,- common (E I) 2 V 10 x22V x22 V — Co Pont 750 Rath 1 Continental Motors Du 2% Packing Republic Steel Corp Rexall Drug (Un? 16 V Mar 28 * Doehler-Jarvis Jan for Week of Prices- - Low Par 14 V 28 Co—— Commonwealth Edison Crane High 2.500 1 (Un) Bronze Inc Co Sale Price 16V 44 (The) Co Inc— Columbia Gas System (Un? Preferred Low High Sales Week's Range Last STOCKS Range Since January l 15% 17% 10 Coleman Consumers Low 29 la 1 common— 3 214 Illuminating- Graphite Foods , 331 Aluminum- Products Club ' 16 78 Cleveland Cleveland . 10 Iron $4.50 preferred Electric x —* 2% Corp Products City Shares 115 Co— xWARCH for Week 1 tUn? Cherry Burrell Corp Chesapeake & Ohio (Un.r Chicago Corp common Convertible preferred ENDED Friday Range of Prices 1 preferred WEEK Sales Week'u Last Sale Price Central FOR Jan 6% Feb 2 Jan 3% Jan 14 9% Mar Feb 22% Mar 50 Jan 68 Feb 32 V Jan 39 Feb 3574 Jan 37% Jan 874 Jan 7 Jan 8c Feb 11c 18% Jan 1974 6 Jan 6% Feb 574 Jan 674 Jan 2514 Jan 27% Feb 30 74 Jan 34% Feb Jan Jan : ^Volume 171 Number 4887 - THE COMMERCIAL & FINANCIAL OTHER STOCK RANGE San Francisco Stock Friday Week's Range Shares Par Ab!:ott Laboratories common.. Alleghany Corp American common Airlines Inc Low _5 Friday 51 ( Range Since .January 1 Amer Radiator Tel Stan Tel San Co American Viscose Corp American Woolen 11 Va llu 1134 £40 3 3 200 2% Jan 21 21 160 20% Feb (Un) Co • Co (111) com Bandini Oil Bendix Co cl A Fe Distillers Jan National 69% Jan 322 23 Feb 32 Jan N 23 30% Mil St Service Colorado 30% Jan North Amercan Aviation 39 Feb North American Co common Jan 38Ve Jan North all% all% 8% 8% 50 a 440 105% 105% 161 104 25 £40 24 6% 2,880 25 25 6% 6 24c 24c 7% Jan 9% Jan 105% Alar Columbia Ohio Edison Jan Ohio Oil 2,500 7 715 5% Jan 7% Feb 12% al2% 20 11% Jan 13 % Feb 46 23c Jan a 27c 10% Jan Oliver United Jan Class I_I" Feb Pacific Feb Pacific Coast 12 Feb Pacific Finance 42% 503 35% Jan 1% — 1% 33% 600 34% 11 9Ve —1 2.65 2.65 —5 (UnJ- a28% 1% 990 11 Pac 42 Va Mar Feb 30% 2Va Jan 7% Jan 5,650 2.80 ~ 5,362 a28a28% 51% ...5 79 51% Jan 24% 237 a57Vb e.57% 34 Va Alar 11 2.65 Mar <Un)I_I- . .27% . Jan 49 Ve 47 58 Feb 59% 650 4 Jan 5% Feb 14 Va 680 14 Jan 36 643 53% 17 36 IUlO (Un-) Iron Common Sys A__2% Consolidated Coppermines Comioudated Edison Co of N Y Grocers Vultee Feb 465 32% 292 32% J&n 2,400 8 a29Ve a29% Jan 1.40 232 223 27 36 Feb 30% Jan 7% Jan 1.80 a68% — a29% Jan VI common Di Pullman Inc Feb 12% a 12 % 16% Jan 12% J an 31% Feb 40 20 21 Feb 43 Jan 3% 3% 30% 443 3% Mar 27% Jan 12% 12% 300 12% 14 43% 44% a44% .' E Rayonier Jan 43% Jan Richfield Oil Cement Jan 14% Feb Riverside 6% 6% 350 6% Jan 7Va Jan Roos 13 25 57 Jan 59 32% j 104 ' 14 Jan 3,236 27% Jan 104 18 102 V* Jan a7 50 33 Bros, 33 Alar 104% Feb San Stores Maurico 302 13 Feb Silver 3% 3% 574 30% Eastman Kodak Dorado Oil Emporium Emsco common & • Co Co common Liquidating Corp 5 Food » General Electric Co General Motors General Gillette McBean State Co (B Co Stores Oil Hunt Foods Independent Nickel Intl Feb 42 % 13% Mar 1% 49 2~1~% 46% (Un) 13% Mar Jan 1% Jan Southen Cal Gas Co Leslie Salt Co Corp Co pfd seies Marchant Calculating Machine Bancorporation (Un) For footnotes see page 28 i 50 Va Jan ' ,* '» 58 Feb 140 5 19% Jan 6 10 14% 15 Va 1,630 a34% a34% a26% 75 a26% a26% a8% a8% 12% 6 16% a—>' Jan 27% Jan 29% Jan 12% 20 a27% a27% __ Mar"/ 1 Feb Jan 15% Feb 9% Feb 100 72 8% Jan 12% Jan Jan 74 73 24% Jan 25% Jan •• 290 30% Jap 31% 531 23% Jan 26% Feb 30 Feb 38 39 Jan 20% 653 19% Jan 21% Feb 200 37% Feb 42% Jan 20% 30%> 30% 30% 445 303a Mar 33% 29% 29% 50 28 Jan 12% 12% 12 Ve 220 11 Jan 36% 34% 36% 864 9c 8c 9c 12,300 39 39 39 155 43 43 498 Va 29Va 8c Jan, i ' ! 297e Feb f 13 Feb 36% Mar Jan Jan 9c 39 Feb 43 Jan 42 Ve Feb 43% Jan 11 11 35% 186 35 Jan 37% Jan 32 32 160 32 Feb 36% Jan a2% a2% 20 a— 22% 22 Va 1,485 22 Feb 24 Jan 10% — $ . Jan 35% __ — { ! Jan 26% a38% &39% __ __ < j I " V 31% a39% a39% — f '1 Feb 31 __ * 'j 12% Mar, 70 26% —« " Feb-.'..] .5% Feb 65 12 Va 71% __ j* Jan 5% 395 15 61 •14% a__ 50 14% 12% 16% 16% 1,504 16 Feb 17 Jan 10 ' 11 Feb 11 Feb a._ t 31 1,670 29% Jan 31% Feb s 35 35 778 34% Jan 35 % Feb 27% 27% j 400 26% Feb 27% Feb 5 29 -- a30% a30% 25 29% Jan 30 Feb 28% A 25 29 230 28% Jan 29 Alar ; 34% 35 825 33% Jan 35% Feb 1 13% 13 % 2,698 11% Jan 13 Va Mar 52% 53% 687 50% Jan 54 a28% a2.9% 175 26Va Jan 28 Ve Feb 25 9% Jan 10% Feb 34% 13% • 52 a29% common 2 Jan 46% Alar Standard Brands Inc (Un) 71'/a Jan 78 Feb Standard Oil Calif 11% Jan 14% Jan Standard Oil 17% 17% 100 16% Jan a 37% Feb 37% Feb Standard Oil Co of N J (Un)__ Studebaker Corp (Un) 21% Feb 23 Jan Sunset 13 1,666 68% 75 a 83 % 11 a48% a49 % 2 Va 200 a41% &4l% 50 Jan McKee Co 62% _25 1 iUn) cap Jan 69% Jan 29% Feb 9% Jan ; Jan 26 Va 100 10% Mar a24 10 a24 25 22% Jan 22% & 25 a36% a36% 40 36% Feb 36% Feb Feb Texas Company (Un) 25 a00% a61% 185 59% Jan 61 Feb 44% Co (Un) Jan 48 1% Jan , 42% Feb 2% Feb Tide Water 2 43V4 Feb Transcontinental & Western -Air __ 5 Associated Oil Jan 11 % Jan Union Carbide Jan 16 % Feb Union Oil Mar 191/4 Jan Union 2.75 Feb 10 com 23% a 24 Ve 2,720 23 Jan 16% __ 16% 17 7,83 6 14% Jan 17% Feb 19% ?.19% 50 18 Jan '•19% Jan ';;„i / 24 Va Jan Feb 443 2.25 100 51% 53% 1,912 13% 150 a9% 60 5 5 225 1.95 500 17 2.25 Feb & Co of Carbon Calif a37 a37 30 13% 9% 5 a__ Aircraft Corp United Air Feb .15% United Corp of Del Jan 11% Mar 1.85 ■ 9% 10% 1,500 27 % 283 12 12 Va 535 9% 47 % 47% 290 6% 6% 1,050 8.75 18% 18% • 53 % 9% Feb J__ Jan 27 % Mar 6 2.05 United Gas Jan United Par 10% Feb S (Un) 5 of int Jan 13 % 46 Va Jan 47Va Jan 4% Jan 7% Feb 262 16% Jan 18% Alar 555 51 Va Jan 54% 46 Jan Jan Victor Warner Wells Bros Pictures Petroleum (Un) Preferred Jan __ 13% 13% 232 13 Va Jan 14% Feb 27% 27% 171 25% Jan -28 16 16% 779 13 % Jan 3% 120 al8% > "■ V'.. -16% Mar 3% 3% Jan Feb 3% 31% al7% al8% 59 al8%al9% 56 23 Jan 23% Jan al4% al9% __ 50 20 Va Feb 20% Feb 26% Jan 31% Alar 41 Feb 51% Feb Feb 7% Jar. 30% 31% 51 % 367 7 742 13% 13% 17% 2,961 47Va 6% — ; Jan Feb 17% Feb (Un) Western Air Lines Inc (Un) 13 % Feb 16 297 297 298 57 275 Va Jan 300 1 1.00 95c 1.00 4,300 90c Jan 1.15 Feb 5% 5% 6 2,625 Feb 6% Jan 1 9% a70% a70% a71 Ve. a20% a20% a20% Jan 47 Jan Feb 331/2 Jan 7% 29% 395 23% Jan 18 502 11 Jan 19% Feb a25% a25% 80 23 Jan Westlnghouse Elec Corp 'Unj Willys-Overland Motors (Un) 26% Jan Woolworth (F 18 41M Jan 43% Mar Yellow Co Feb 600 100 (Un) Dept Stores 50o Western Pacific Railroad Co pfd____100 Western Union Telegraph (Un) * 45V4 32 81/4 Mar 5 Western- Cab W) 6% l common 125 43% 27% 27% 10 Fargo Bank & U T Westates 250 43 Va Feb _1 830 29% Jan 25% 255 16 • Oil Co 32 Jan 45 1,652 3% (Un)_i common Consolidated Equipment 8% ■ Feb 26 1 32 17% 43 25% 10 Corp 7% 29% a43% a43% __ 1 (Un) Theaters ctfs Corp a43% It Inc (Un) Steel Universal 25 Jan 53 % 45% Common U a— 29 Lines Feb Jan ___• 12% 53% Mar Jan (Un) common Sugar Jan 49 27 % 17% 66 Ve 175 10% Swift 10% 1.90 1 538 10% Super Alold Corp 15 a9% 32 67% a27% a28% •— Jan 573 5 7 Feb Jan 255 1.95 5 Feb 14% 17 1 6% Feb 44% a 11 15 • 23% 64% Jan -69% 16% 13% • 67Va Jan Jan 42 5 s 180 Jan 17 2.25 ?7 Vis 21% 61 3,022 Jan . 16 53 198 62% a43 a43% Feb 12% a 10% » 62% 10 Transamerica Corp 17 a22% a22% __ __ a9% 67 381 2% I8i% a22% • 35 a9% __ • 25 230 12% 68% a83% a49% of (Ind) 33% 22 68% Co Co 22 a38 13 a83 Ve 4 if 47% Alar Feb 211 6 .1 41% 5 !i; Jan Feb 8% -Jan 30% Pacific Co 280 1 Feb 17% 11 Va 220 5% j Feb 21 31 Co 1,682 10 Libby McNeill & Libby Jan 10% Jan 47% 5 Southern 1,614 1 4% .■ Jan 47% 5% /] 35 4.88% 13 3 (Un) Copper Corp (Un) County Land Company Aircraft % preferred 76 33 Vis 0 com n:\\ Feb (Un>_* preferred 40% 20 Tel .Jan 105 % Mar Feb 17 ao9%a61% ij :;J%n , . Jan 1% cumulative com 76 • Jan Feb 16 5 Edison Co United Kennecott Marine 12% Mar 6% Fern Lockheed Mar 38 100 12% Kaiser-Frazer Corp Kansas Power & Light Magnavox 10 540 (Un)__* (Un) 9% 15% 18% 25 3,290 39 1 Exploration 3% 6,125 196 25 10% 13% IB 46 • Corp _* Convertible 10 38 • of Canada Johns-Manville (Un) 12% • 2,075 1,055 17 324 5 Convertible preferred 4.48% 13% ♦ Inc & (Un) Jan 10% * Car Co Tel 46% Mar 13% — Co International 303 Southern Inc Power 48% Sperry Corp Spiegel Inc _ _5 47% 4.32% 46% Feb Sugar Plantation— Maryland Mines Corp (Un) Idaho Corp Calif Feb • 4 10% * A Southern 6% (Un) Jan 800 __ Feb 21% Mar (Un) 101 11% • Feb 7% 29% (Un)__. (Un)_50 64 Jan Hutchinson Idaho Jan Jan Corp Motor 61% 6 Pineapple Co Ltd Hobbs Battery Co class B (Un) Honolulu Jan 957 211/4 Mar Hawaiian Hudson 6% aG2% a63% 25 Rubber (Un)_* 15 Coalition Oil 29 • 215 : 25% Jan 17% __ I (Un) _• Gt Northern Ry non-cum pfd Greyhound Corp Bros 164 a62% Sinclair 108 common 16 Feb 11% l Sccony-Vacuum Oil (Un) Soundview Pulp Co 400 Co Graham-Paige Motors Hale 7% Feb 270 common Feb 24 15 ry Feb Feb 59% Co 10 & & Jan 31 Jan 100 F) Tire 4 Jan 58% 6% 4%' preferred Goodrich Goodyear Jan 29% 100 29% common Ltd 3Va 1,297 King 21V' Corp Safety Razor Co Gladding Jan 29 • 15 326 17% 15% 10 Co__ 6% Convertible 2nd preferred Golden 11% Water Oil 21 % (Un) Paint Corp Shasta _2% com 510 " ,• Sears com__10 Machinery & Chem Corp Foster. & Kleiser Jan 31 1 Florida Power & Light 8 a59% a60% 7% 7% a60% • Equip 71/4 Jan Shell (Un)__10 Works Capwell Derrick FAR Co 5 250 15 al8% al8% __ PJO 12% Pont }5 3% aGl% * Alining Santa Cruz Portland Cem com, Roebuck & Co Signal Oil & Gas Co class du 20 8 Feb • • 10 Feb 15 A 106% 24% .__ 7.50 Inc 9% 10 Jan 15 Va 14% S & W Fine Foods Inc Safeway 13% (Un» 103 % 1! 54%; Jan 104% 105 % 1 Jan common 150 — 1 class Co Jan Fields Feb Feb , common 7Va Co 52% 10% • 11% Bridge (Dm.., (E I) de Nemour0 484 15 17% Corp 271 Chemical 53Va 24 __ • 502 Dow Feb 28 15 25 9 Dominguez Oil Feb 29% 300 __ (Un) 13% 12% 3 "'a 30% 29% 279 Jan 12% Jan 180 Jan -Jan 29% 28% 104 104Va 104% al8% Reynolds Tobacco class B (Un) Rheem Manufacturing Co 10% 13 Feb Jan Feb 14% 32% 31% 53 % „_ 16% : Jan Feb 29% 105% common Preferred Feb 36% 28% __ 100 30% Jan / Jan 8 Realty common.. Incorp 34% a36%a36% Republic Steel Corp (Un) 3j%i Jan Feb Feb 35 (Un)__— Freferred 1,175 a56% a56% & America 13% Dumbarton El Com Railway Jan Feb Jan Jan 5 % 1,164 • Keith Orpheum of 12% 36% 28% . '. Feb 22% 36% (Un) Radio s Feb ti it . .Jan-' Jan 36% __ 7 ) .Jan 4% 21 327/e • Radio — 30% 100 100 8,982 (Un) Pure Oil Co a__ 50 350 r Jan a__ 598 16% a37% a37% a 17 10 31% a 16% 11% 1,293 33 Va 1 Jan 12% 5 22% 33 % _ftO Jan 24 12 4% 22% 4% 6% Mar 33 Va 33%• 17 a30 all% all% __ » 77% Jan 14% ♦ 4% (Un)__l Feb 66% Giorgio Fruit Corp A common—„5 Co Jan all% 34% Mar Jan 3% 28 9 Mfg 13 %. Jan 11% 24% (Un) 1 Doernbecher Jan 50 «_• Feb Jan " 5 31% 100 Airways a7 B___ Jan 200 common * Common 30 • 15% Feb Feb 63% 30% 33 150 1,350 10 68% 8% 35 % , 13% 5 30 7 comi (Un) 14 31% 3 ¥2 • Publishing Co com (Un) Curtiss-Wright Corp (Un) ^ Jan 30 13 _♦ 50 Jan • Preferred 28 Ve Jan Jan 41/2 r 100 31 1 Curtis Jan 1.40 4% • al7 al6% 1 27 Jan 479 a29% a29% 31VI ~_~o 32 100 6% common World Phelps Dodge Corp 1 Motors (Un) Continental Oil Co (Del) (Un) Creameries of America Inc 868 12% 25 15% a30 12 7,900 a27 6% A___25 (Un) Feb 2.00 34% 28 common 2.00 ^ Feb 1.80 5 series Feb 21% 34% ]2% common com Jan , Mar 30 10 157 e 64 V» a68% a69% —, (Un) —15 Continental Crown Zellerbach Corp American 18% j Feb 21% 51 &26% __ a26% • Tel Jan ,Jan .18 Paramount Pictures Corp (Un) Pennsylvania RR Co (Un) Pepsi Cola Co (Un) Mar 33% Jan Pan 18% 15 Fhilllps Petroleum Co Pig'n Whistle conv prior pfd Pioneer Mill Co Ltd (Un)_l_I; Puget Sound Pulp & Timber (Un) 64% — — 120 ; Paraffins Companies • 13 Ve 20% 25 Service Motor Co Jan 10% 40 25 preferred & 13% Alar 20% 20 al7 a29% a37% Aircraft 36 1.00 Tel Jan Jan 20% preferred Packard ■ Feb 15% 1,101 _1.33Va Co cap 11% Jan 8 • 5 Feb Jan 33% Public 11 Va 11% 985 Jan 53 Va 14% 28% (Un)II* Corp Consolidated.Nat Gas _• 25 36% 10% 1.55 2V2 Gas System com (Un) Commercial Solvents (Un) Commonwealth Edison ! Consolidated Chem Ind class A Feb Jan 75 28 % * class 34% 53 195 34% __20 B 1st Pacific Jan 707 500 (Un) Lighting Corp .Pacific Jan ' al2 _* 100 17 15(b 33% 1.60 25 _____ • > 212 100 1st preferred 1st Jan 8V» 1,852 preferred. red 7% 51 Electric common 1st Feb Jan f '; Jan 7% 10% 13% • $4.50 preferred -Pacific Portland Cement Jan 5ne al2 • Columbia Consolidated & 9% 24% 21 % 1.90 Jan Jan Jan 12% 1st preferred Pacific 51% Alar lo'/e 10 (Un) 33% 8 Corp 5% Feb 53% 53% 1*3 (Un) 11% 13 Jan 5% 5% -25 HI) n % 12% 16% 22 45 % Aggregates 5% Mar 3.25 36 -50 25 954, 21% 'AlTterican Fisheries Gas 6% Jan 14% 1 a7% 33 (Un) common— 12% ]7% 33% 1 10 1 9% 9% 17% 5 Ve 670 17 851 33 % 6% — a4% j Jan a7% Feb 6% 42 18% 90 330 51 (Un) Co 11% 42 Va Jan 17% 1 Sugar Plantation 50 Va Mar common—., Eroadcast Sugar Paauhau Feb •*„ 18% 22% * Feb 10 Jan a9% • 4% 100 17 Va 17 Va 1 47% 10% 245 22% Filters class A 45 10% 17% ; 27% Mar a9% 1 B 2,480 10% Jan _* lo (Un)__^ G% 5% 58% 24 10 (Un) common Co a46% a50Va a50Va —1 (Un) Cons Co FeD 7 —5 —5 ___ Consolidated Oil 25 all % all % Hi 2% Oceanic Feb 25c 6% Jan 155 Feb Feb 5% Oil Northern Pacific Ry (Un) a 1 9 55% 27% 17% • Jan American 340 17Va 1 (Un; Jan 25 & RR Jan Feb 27% __ • Central 5% 2.10 Feb 2,000 a9% Corp— 38 % common.. com Service Jan 16c. 1 29 34 Va j. Co Fuel Preferred Y 5%% common RR Preferred (Un) Cnrysler Corp Linen 5 1.60 56% • (Un> 14 20 1 Products 34 __1& Paul j 50 -20 Ry Feb 200 15c __ 8 34 55% __ 10 (Un) 50 7 (Un) Ohio 1; 389 1 II" of America Mining Co Chesapeake & Jan 301'4 * ; Tractor Corp ) 9c a377e a377e —13 _ Eureka Feb a397-a a39% .100 (Un) Celanese 15c a37"% 3 (Uni Caterpillar I6c • __ 23 — 5 (Un)___ Packing Corp 1 (Un) Natomas Co —2 Preferred Class City National 149% P10 (Un) Canada Dry Ginger Ale Canadian Pacific Ry Cities National Jan Jan .. Calitornia Chi Feb 56 Jan Sugar Cap_____.-_....___ Cement Co Calaveras Central 14% Jan . Calaraba Jan Lines Jan 56 69% .2.50 (Un) — Corp 25c Co Corp 13% 146% (Un)_100 Corp (Un) Boeing Airplane Co (Un)_ Borg-Warner 50 180 5 Bishop Oil Co Blair Holdings Co Jan Fibres 2,148 (Un) Corp <Uni Benguet Cons Mining Cap tUn) Borden 284 & Auto al50al50% (Un) common Steel 21c —— Aviation Eethlehem Nash-Kelvlnator Feb a6934 a71% * Petroleum Basin Oil Co 28,200 __ Jan Onomea Locomotive fcarnsdall 14% 50 Engine. Wedge Mining Co Avco Mfg Corp common (Un) Baltimore & Ohio RR 3,050 25c (Un) Morrison-Knudsen Co Feb 3% a71% 20 Corp 14 V4 a a54% a54% a Ve a 54 •_ Big Ealdwin 11% 21 14 Imperial Diesel Atok Jan iou Va (Un) Atchison Topeka & Santa Atlas Corp <Un> Atlas 9% 100 (Unj Gas 5% 2.10 Montgomery Ward 1 Jan 22c Jan Jan Feb 15% 5% 4 3% . 11% 1.90 M J 67 High Feb Alar 25c Jan & AI & M Cons 10% 1.90 3% Feb €0 1 Co common Mindanao Mother Lode Mines Menasco Mfg 11 __ 5 Jan Jan 3 Low al2% al2% PlO Co. (Un) 52% 25 a3% 1 (Un) Nat & Sugar Range Since Jannary 1 High • Feb a3% Archer-Daniels-Midland Co Armour McBryde al2% Shares <Un; Feb • (Un» Anaconda Copper Mining Anglo Calif Natl Bank Arkansas High Co 51 1 for Week Low 1 ______ Navigation National & & Alaison (Glenn) 22% 110 Smelting & Refining (Un)__» American Co 143 t Uni __^ American Martin 100 3 Sales Range of Prices Sale Price . 51 3 Week's Last STOCKS Low 10 American & Foreign Power (Un) Amer Power & Light new com 3 a22% a22% * (Un)_. (Un) MARCH Per High 33 EXCHANGES ENDED for Week of Prices (977) Sales Last Reduction Co (Un) Alaska Juneau Gold Mining Co WEEK Exchange Sale Price STOCKS Air FOR CHRONICLE 23% 8 Jan 16 V* Feb 15 a 45 a— 1.013 Jan Feb 100 5% 233 48% 30 _1_ 31 Ve 6% a4% Feb 9% 5 Jan Jan Feb 18 Jan a__ a49% a50% a4% Jan ' a__ 7 ;• / Feb Feb 50% 5 —: • 34% • ' Feb —Jan - ' ' 34 (978) COMMERCIAL & THE FOR WEEK Monday, March 6, 1950 MARKETS LISTED CANADIAN RANGE FINANCIAL CHRONICLE; ENDED MARCH 3 Friday Montreal Stock Exchange stocks STOCKS Range Shares class A British & Jan 23% Feb Noranda 24 25 24 Feb 25 Jan Traction High 36>/2 .37 915 34 a41 a41 a4l 60 41 '9 250 8% 10% Jan Bank & 9 350 Jan 9 Jan 14% 2,377 13% Jan 15 Jan Ottawa 58 1,210 52% Feb 58 26% 27 60 26 Jan 27 Mar 8% Note Co 7% 1,800 7 Jan 75 75 35 75 Jan 76 Jan 26 26% 965 24% Jan 26 % Jan 135 135 135 100 8 135 137 Mar Feb 25% 26 1,360 25 Jan 26 Jan 39% 39% 4,745 39% Feb 41 9.10 9.10 9.10 50 22% 20% 22% 34,097 15 15 125 14% 26% 26% 26% 2,955 25% Jan 2,105 26 % Jan 27'% Jan 25 Columbia Elec Co 4%% Columbia Forest Products British Columbia Power cl 26% 26% 28% 517 27% Jan 2% Jan 3 3 * 19% 18% 19% 280 7% 7% 7% 155 Building Products • 5 Dredging 6% Jan 17 3% 29 3% Cement common $1.30 preferred 7%. Feb Bros Feb Jan 29% 1,011 35 38% Jan 29 Jan 29% Jan Feb 12 % Jan a99 20 100 14 Jan 5% preferred • 50 Canada Wire & Cable Co Ltd class B.* Breweries • 40% 38% 41% 34 Jan 30% 30% 50 22% 22% 23 2,381 23 23% 285 103 103 85 100 Jan 5,058 Canadian Canadian 5% • Canners Ltd- ' 1,386 * ' • '• - 20% 20% 23.10 23.10 Jan Ltd • * common • * 1% 12%. • $1.00< series Canadian 23 Feb 24% Jan Jan 104% Feb class Class Canada Oil New Canadian Pacific Jan 7% Jan New preferred preferred Feb 11 12% Mar Jan 14% 14 14% 1,895 14 Jan 32% 33 3,914 28% Jan 33 Feb 39 75 37% Jan 39 Feb 13 Jan 260 16% 17% 435 9.25 9.35 3,975 104 104 10 15% 2,693 14% 8.80 80 22% Jan 24% Jan Viau 7% Feb 9 Jan 12'% Jan 15% 31 33% 772 27 Jan 33% Mai- 15% 365 14 Jan 16 Jan 19 Mar 21 Jan 19 19 60 90 528 84 y2 Jan 52% 53% 19% 90 53% 255 50 y4 Jan Jan 28 Jan 133 133 3 Jan 133 Jan Weston 9% 1) 9% 104 22% 22% 23% 395 Feb 25% 47 Feb 48% 120 22 Jan 22 y2 150 915 148 Feb 152 Jan 21% 22 700 20 Jan 22 Feb 20% 21% 150 21% 150 : 191/2 98% Mar 20 j/4 Jan 21% Mar 19 Jan 227/a Jan 10 Feb Jan 106 Feb 22% 22% 1.221 9% 9% 570 101 Companies — .100 101 101% 153 101% 101% 102% 20'/2 Jan 8% Feb 101 185 * 20 y4 Feb 150 20 y3 101 y2 Feb 108 Feb 20% Mar 21 Feb 21% Feb 20% 20:% 255 14% 202 14 5% 5% 30 5% Jan 14%. Jan 5% Mar Feb 175. 175 175 5 170% Jan 7' 7'% 700 6% Jan 35 a35 9 15 V'4 42% 3,845 24% 24% 17 * common Jan Feb 14 Feb" 15% 36 y2 Jan 42% 320 24 Feb 25 Jan 17% 210 17 Mar 19 Jan 34% 35 1,955 33% Jan 100 483 99% Jan 101 •63 64 170 52 Jan 67 Feb 28 28 50 27% Feb, 29% Jan 20 Jan 20% Jan .100 preferred 7% 99% 35 x_ Feb 175 a— a._ 325 39% 24%' Winnipeg Electric common- 15 42 common- Limited Feb 100 135 a Jan . 100 y2 98% 21% 15% 9% 5% 21 y* . Jan 21 % 22% ; 8% Jan Jan Jan 98% 21% Wilsils Ltd 29 Jan 23% 395 & Worts Jan 22% Mar Feb Feb ■ 3,402 Biscuit 9% Jan ■ 48 5 8% Jan • 90 53% ■ 7%' Walker Gooderham 2,209 •' < , Feb >22 ■' —* preferred— Wabasso Cotton 27% 9% Jan 24% Corp. 25 8% Jan 14% 25 91/4 Jan 9.80 104 15% -* (Geo) 17% Feb Jan 22 -25 28 133 Jan 47% common...— : Tuckett Tobacco 7% Steel Jan • Tooke Brothers United 70% Jan 16 103 Jan 63% •: 37% Feb Jan Feb 16 Railway 25 16% 215 15% Feb 17% Jan 17% 17% 17% 12,155 16% Jan 18 Feb 9% 9% 108 9% Mar 14 Jan 16 15% 16 280 15% Jan 16% Jan Canadienne -10 13% Feb 14% Jan Commerce -10 25% 25'% 25% 270 24 ya Jan Jan Montreal -10 27% 27% 27% 1.514 27 Jan 28 Jan -10 41 40% 41% 616 39 Jan 41% Feb -10 27% 27% 27% 1,251 28 Jan 20 Cockshutt Plow • Coghlin * 13% 13% 13% 75 5 95 94% 96 3,204 94% Feb _*■ 25 25 25 225 22 % Jan 25 33 33 205 31% Jan 33 Jan 21 21 21% 305 21 23% 6% -25 preferred Banks— . Jan (B J) Co Ltd Consolidated Mining & Smelting; Consumers Glass Crown • Cork & Seal ~~ Co Davis Leather Co Ltd A Clasa- B __ Dominion Glass common preferred Donohue Bros * 7% 7% 225 7% Mar 8% 21% 3,365 20% Feb 21% Feb 42 43 1,158 40% Jan 44% 21% 21 21% 150 20 Jan 29% 300 27 Feb 29% Feb 45 45 192 45 Jan 48 Jan • -w— Corp Gatineau Power 22% 26% Jan 29 Feb 12 Jan Jan 174 Feb 255 • 28 28 28% 75 • 11% 11 ll7/a 5,307 173 173 30 173 » 15% 15% 100 15 Jan 15% Feb 23% 23% 25 15 Jan 23% Feb 3.25 3.25 125 2 Jan 16% 16% 100 14 14 14% 18% 18% 50 14% 14% 15% 602 29% 55 — — — 3.25 20 % 29 V2 * • preferred . Mining & _ Smelting Par Glove Acme Anglo-Nfld Jan Jan 15 % Feb Jan 18% Feb 14% Mar 16 Jan 29 30% Jan Jan Jan 25% 3.485 24% Jan 26% 99% 115 98 Jan 99% Mar 18% 425 17% Jan 19 Jan 2.90 2.95 200 2% Jan 3 Feb 18 19% 2,000 17% Jan Develop Atlas Steels Auto Fabrics * Ltd Works Ltd Co Ltd • Products cl A pfd & Paper Belgium Glove & Co class Common Brandram-Henderson Brown 19% 19% Mar 105 al05 52% 52% 25 52% Jan 52% Feb 17% 18 525 17% Feb 19% Jan 1.2 % 12% 125 12 Jan 13 % Jan 36% 37 495 34% Jan 38 Jan 48% 49 87 48% Feb 50 Jan Mar 48 Feb a 18 ' 36% 50 ' ' 5 104 Jan 105% Jan Pulp & Paper common Feb Feb 10% 10% 375 10 Jan 10% Mar 22 22% 1,225 Butterfly Hosiery Co Ltd 1 10 Va Canada & Dominion Sugar * 22% 21"% Feb 22 y2 Jan 5 12 12 50 10 Jan 12 Feb * 12% 12% 25 12 y2 Jan 12% Mar Canadian Dredge & Dock Co Ltd * 26 26 50 24% Jan Canadian Gen Investments Ltd • Industries * Ltd common Canada Starch Canada Vinegars Ltd Canadian Co common Preferred Paper common International Petroleum Co Ltd International Power International Jamaica Lf.batt Lake Public (John) Service Ltd, of the Woods Lang & Sons Ltd common class A 25 25 84 4% 4% 125 4% Feb 16% 17 245 16% Feb _• 31% 31% 31% 1,753 31% 144 144 15 7V2 39% 39% 40% 970 • 9 9 9 1,150 • 48% 48% 49 20% 19% 20% " 11 11 26 5 Jan Jan 17% Jan Jan 32% Feb 146% Jan 37% 8% Jan 41V4.Feb Jan 10'% Jan 140 46 Jan 49% Feb 685 19% Feb 22 y2 Jan A_ B 99 100 V2 2% 90 160 Jan Jan 2.00 80 23% Feb 8 Feb 4% 2.00 Feb Feb 57 Jan 59 Feb 50 12 Feb 127/a Feb • a41 10 39 Jan 10% Food Catelli Chatco Steel Products Ltd common Preferred 3.75 a41 23 y4 Mar 88 Jan 3y2 Jan 24 Jan 100% Mar 3% Feb 39% Feb Jan 14% Jan 7 Feb 7% Jan 50 30c Jan 25 38 12 12% 105 7 7% 100 a30c a30c • Claude 3--—--10 —— Neon General Advert cl Preferred Commercial Alcohols Ltd 8% B—? 100 common preferred :*— Consolidated Div Stand Sec class 11% Jan 20 Jan 24% Feb 28 y2 Jan 18 18% 500 18 Feb 19 % Jan 11 11 75 10% Feb 11% Jan 9% 9% 50 9% Jan 10 Jan David 8% 8% 55 7% Jan 17 17 205 94 94 25 17 Jan 8y4 Mar 17 Jan 5% — Textile Mllla com preferred & Frere Class Limitee class A— 50% 55 Jan Mar Woollens Paper Co Ltd— Products Ltd Kootenay Power 7% Aircraft Ltd— Fanny Federal y4 Jan 18% Feb 7% IV2 25 7V2 Jan 7% Jan 50 32% 32% 60 pfd—; Farmer Candy Shops Inc_ Grain class Fleet Manufacturing 16 %' 16 54 100 30 Jan 34 Feb 12% 25 • Jan 17% Feb 50 360 31 Fairchlld Jan 18 2,125 East Jan 290 45 Eastern Feb 50% 18% 5% Feb 29 37% 18% 45 Donnacona 25 Feb 211 Feb 18% 5% Jan Jan 26 1,245 13% 5% 16% 21 70 50% Feb Jan * Feb 295 26 50% Feb 19% 13%, 11 • 4,095 25 50% 15% 177/a Jan 965 602 26 50% Jan 2 7,426 17% 24 50% 15 al5 17% 25 Feb Feb 19% 17% 13 % Jan 65c 15 a 125 14% 29 Feb 13% 10% 14% 22 50c 19 VB 10% Dominion Feb Jan Jan 19% 10% Dominion Oilcloth & Linoleum Jan ?*% Mar Jan 4% 13% Co Ltd-• Jan 25 Va 20% Jan 2% —* • & Worsteds——* 94 20 40 Jan 4.20 Mar 30 384 Jan 1,365 60c 41%- Jan Steel a 40% 21% 25% a40c .Feb 2% 160, 40% 94 20% A__* ——^ : 54 2,656 25% 4.20- 300 54 24% 20%. 4.20 Engineering Works Ltd—* 24% 25% 5 , 2.50 * B Dominion 24% 14% 20% 2.35 80c * Preferred Consolidated Paper Corp Ltd— Consolidated a33% a32'/* • *, 20 Grain Ltd' (R L) 40 page S8. 3.80 al.50 23% 69 Jan 50 Mar 55. 1,184 3.70 al.50 Feb 5% 3,700 Mar 100 Tramways 69 600 59 19 * Montreal Telegraph 1U 7% 3.75 11 * Locomotive a70 12% 100 * a70 59 • . class Jan 12% 185 100 178 3.75 300 17 Feb 1 19% * 176 • common— Products common 25% — 3 2 Westinghouse Co Ltd 19 — al76 Canadian Western Lumper Co Cassidy's Limited 24% • Jan Jan 143% Feb 24 Canadian • Ltd see Mar 18% Feb 100 19 • (Robert) For footnotes 11 25 Jan 21V2 * Ltd- Vickers Canadian 25 • Breweries Montreal Feb * Wassey-Harris McColl-Frontenac Oil Class 101 11 B Montreal Jan 3.70 17% 505 7% aTO 250 22% 23% • Mailman Corp Ltd common 5% preferred Molson 99 % —1 Jan 18'% 22% * • — common (John A)„ MacMilian Export Mitchell 40 17 Lewis Bros Ltd Class 99% Marconi Company y2 al76 Canadian Pwr & Paper Inv Ltd com—.* Canadian Silk Products class A— * I5 Utilities Corp 0 26 18% 22% 100 Feb 100 — International preferred Canadian Ingersol Rand Co Ltd- Jan 25 International Nickel of Canada 7% 26% 100 common 4.00 Feb Canadian International Bronze 6% preferred Mar 4% Jan Intercolonial Coal 90 2.50 87 Feb Mar 104% 32 % Feb 90 Jan Jan 32% 110 Jan Jan 32 90 Jan Jan Feb Jan 3y4 25% Jan 9 1.50 85% 32% Feb 92% 29% 29 % Jan 8 58 55 190 Jan 30 600. 150 415 2.00 45c 3,010 1,320 31 Jan Jan 100 86 32% Jan 2.00 26 32% 8 1.85 25c 3.80 31% 30% 25 2.00 31 31 Jan Jan 98% 257/a 32% 8'/2 Feb 3.90 3iy4 32 Jan 98 % * 25% 25 7% Jan 6 1 Canadian Inter Inv Trust Ltd com__* . Jan 100 Ltd Jan - 60 90 * Jan preferred $1.60 preferred— 425 9 23 % $1.25 8% Feb 25 6% 9 14% 99 % Jan 7 a3.75 9 Jan 99 % y2 7 a3.75 6% — 0 Ltd 21% 100 Jan 1,500 13% Mar preferred 7% 7 13,400 2,865 5% 725 8% 6,668 86. 8 % 40c 13% _ Jan 8 % 2.00 2.1% , 16 35c 13% 25 Feb Feb 8% 21% 100 11% 14% 1.95 21% —— Jan 475 35c Imperial Oil Ltd • Imperial Tobacco of Canada common.5 Acceptance Corp common preferred 1,445 1.95 1,425 44 High 11% 15 % • A Company common Burnett 8 % * Columbia Low 10 15 • class 45 preferred Range Since January 1 High Hosiery Co of Cda— Bickle-Seagraves Ltd Brand & Millen Ltd British 10 • * Pr 44 $4,25 Shares Low * B B Bathurst 44% 4% Jan 26 for Week of Prices . 5 • Indust 27y» Jan v Sales Range Sale Price Preferred ■ • — 13% 17 16% 18% 18% 100 I* Jan 24% — Goodyear Tire & Rub 4% pfd 1927—50 Gypsum Lime & Alabastine « common 65 15% 3.25 Mar 99% 25 % Z* Bridge Paper • ' 100 Smith .Week's . Last Feb 11 Friday Jan 2,691 34% • common 223 Canadian Funds STOCKS Jan 35% 21 34 * General Steel Wares common 5% preferred Bay Jan Jan 20% 34 * General Bakeries Ltd Hudson 19% 33 21 .* 1 preferred $2 . 45 25 * Heating Products 20 20 Montreal; Curb Market ./V Class Power 4%% Howard Royal 21 % Mar 29 — Jan 25 Nova Scotia 20 Jan 20% 42% • Famous Players Canadian Corp Foundation Co of Canada Fraser Co common Hamilton Feb 21 y4. __I_I* Eddy Paper Co class A preferred & Mar 103 _• 100 — Ltd East Kootenay Enamel * • — Dryden Paper Electrolux _ * Dominion Steel <fc Coal class B Dominion Stores Ltd Dominion Tar A; Chemical common Dominion Textile common— 7% * > • Distillers Seagrams Dominion Bridge Dominion Coal 6% preferred—.—. Dominion Foundries & Steel ■ Jan 12'A 12% 9% i 8% Cardy Corp class A ■ 100 23% —___— common 20% 23.10 old 23% II—H* Jan 5 24 % common Steel Co of Canada Zellers Canadian Jan 99 2,075 47% • Power Standard Chemical 28 * 63% 68% alOO Feb * * 8V2 B 17% Feb Mar 50 Co Press 23% Canadian Locomotive Jan 12% Voting trust certificates * Simpson Ltd 4*/2% preferred—100 25 Canadian Fairbanks 6% preferred—100 Canadian Ind Aiconoi class a, * 15% —*•• common pfd—_20 A preferred 83 31 com Canada--; of 25 Converters Canadian Cotton 6% 16% 67 100 Jan 39 I, 46 15% common—* preferred Jan 20 22.90 2,485 15% Jan Jan 15 IIIHI25 : 12% 149% Jan 42% 16% 1 preferred Williams Southern Feb 23% 32% 20 Canadian Celanese common $1.75 preferred 11% Feb 14J/e 9(30 Thrift Stores Ltd Class A 149% 12% ■■ Canadian Car A Foundry common- 10 200 alOO * ; 1 Sicks Breweries Jan Jan 57 1,450 68 49 common— Sliawinigan Water & Power 41% Mar 32% Jan 102% 55% Mar 46 preferred—_100 preferred 4% Feb 26% '47% Jan 14% 16%. * Corp preferred preferred Series A Feb 14% 1 100 Lawrence Southam 22 % 30 149% 149% 172 45% Power 19% Mar 30% Mar 140 20 cumulative preferredA 23 IIoo Jan 11% 19% 30 25 '.I 9.50 29% 55% Feb 33% 34 55% 1st preferred——99 Feb 2,032 Feb — Saguenay Power 4V4% 2nd Jan Jan 45 Mills Jan 35% 26 y4 Royalite Oil Ltd 2nd Feb Feb 22 175 197 155' —•——100 ; 24 71,. '19% Feb' 47 Provincial Transport St Jan . 46% Flour 8.50 17% • 66% 11% Jan 21 Va Mar Jan Jan 175 Paper 30% all% all% * : 19% 22 26% Co preferred Quebec Feb —* common & Co Fqb 9 175 Corp of Canada 4% 43 Jan * River Price Jan Feb * 37 26% Lawrence 505 35 100 common 1.220 Lawrence 910 a97% Bronze preferred 19% St 8.50 19 5% 3,320 19% St 33% • Canadian 70 19% Jan 8.50 20 Northern Power Corp Canada Safeway Ltd 4V4% pfd. Canada Steamship common 69% Feb 33% 8.50 • Canada 20 11. High Jan • Development Jan 19% Mar Jan 6% Ltd preferred Sherwin Canada 2,648 28% 100: & Power Placer 1st 352 » Jan 100% Mar Jan ~3 Bulolo Gold 15 Jan 2% * ; 100 15 3.815 reb 27% Jan Feb 22 % Jan 2.90 2.85 A—* Bruck Mills Ltd class A 19 100% 100,% 2.90 9.80 9.10 Mar 28% * ... Ei 26% pfd_100 Corp B 105 2i% 23% 69 % • common Powell Jan * British ii% 20% 23% • Light Heat Penmans Power 39% _• British ' 21% * Page-Hersev Tubes Feb 8 75 26% * - 9 Mar 8% 26 Power Low • Ltd 9 * Light American Mines 57 25 Ltd Range Since January 1 Low 36% Car Corp Weaving Wire 14% * Teleg preferred Bruisn American Oil common Preferred Class 22% • Mines Class 2,760 Steel Niagara 58 Power & Paper class A Brazilian Feb «9 100 Telephone Bralorne 24% 14% • 4%% preferred Bathurst Jan Ogllvle Flour Mills 7% preferred pfd—25 Asbestos Corp, Tel National 21% * Aluminum Co of Canada 4% Argus Corp Ltd, common Bell High 6,178 • — Associated Low High • Agnew-Surpass Shoe. Algoma Steel Aluminium Ltd Shares —• common National Drug & Chemical common—-5 Preferred 5 241/4 23% * - for Week ' Range Since January 1 24 23% Sales Range —-25 Breweries preferred 23% 22% 23 7/a I£o preferred Acadia-Atlantic Sugar 4 Low * $1,50 7% for Week of Prices Par Power & Pa«per common National Sales Last Week's of Prices : Par Week's Sale Price Abitibi ■ Sale Price Canadian Funds Friday • Last -.-V.; ■■ ■ Jan 55 Jan Jan 41% Feb 9 7/a Jan 10y2 Jan 16 Va Jan 18 Jan 5 y4 Jan 6 Jan Jan 45 39 ' 38 Feb 5 1.80 1.80 625 1.40 Jan 1.80 Feb 1 35% 35% 35 35 Va Jan 36 y4 Jan A„ * 10 * Ltd 1.25 1.20 . 10 50 9y8 Jan 10 y2 Jan 1.25 200 1.20 Feb 1.75 Jan Volume 171 Number 4887 THE COMMERCIAL & FINANCIAL CHRONICLE (979) CANADIAN RANGE Friday STOCKS Week's Range Co of Canada Freiman Ltd (A J) class Shares Low * A common- alO alO 15% 15 % 15% 135 14% 12% 12% 250 11% Feb 3.50 3.50 110 13% 13% 25 13%'i Metal Industries class A_>, MacLaren Power & Paper Co——:.4' Maple Leaf Milling Co Ltd— *._!* Maritime Teleg & Tel preferred Maxwell conv Distilleries Mersey Paper of Co Canada Minnesota ' & I Montreal Moore Refrig & Storage Corooration Ltd Mount Royal Mar 27% Jan 35% Jan 40 Feb 9% Jan 10 Jan 13% 10? 18% Jan 18% 252r 18'A Feb ft'1.8% a .18% 27% 6% 27% 100" 27% 6% 450 5 5 25 11% 25 10% ' e- - *• ■ 54 A 18% Jan Feb 18% : - Jan 28%. Jan *•.•>7'* Jan 6% Mar •""5 Feb 5 * Feb • Feb 11% Mar 50 Jan 54 85c Jan 54 25 1.00 1.00 2,000 18% 18% 535 17% Jan a35 a35 15 35 Jan 35 Jan 76 76 195 75 Feb 77% Jan 325 9 Jan 10% Feb ; * "~ 10%, 10 % 10% Mar 1.05 18% Ltd__^. 11 100 110 •11%. 14% a Power Corp of Can 6% cum 1st pfdllOO 6% n C partic 2nd preferred—50 Purity Floor Mills Co Ltd pfd—40 Reitmans (Can) Ltd common..— * 5% redeemable preferred !r ~ Feb class City Rapid Transit Co Union Gas of Canada Ltd! preferred C) ~ Central ~ Mines Jan Jan 51% Feb 16 74 15% Feb 17% Jan 11% 100 11% Feb 11% Mar 14 Jan 16 71c 43c 2c 115,400 1,060 2c 12,600 53c Feb Fields Corp 7c Feb lie Jan 2%c Jan 3%c Jan 2.05 1,000 4%c 6,620 4c 69c 69c 500 63c 6'Ac 2.26 2.43 5.00 5.20 28c . 34c 8%c 6c 8'Ac 5i/aC 4%c 10% 96c 7c 6.20 6.20 Ltd Mines Ltd—— Cons Gold 13 6.20 Jan Feb 11 Jan Jan 29c Feb 66c Feb 82c Feb 19% Jan 5.25 Jan 4.30 Mar 4c 500 140,400 370 Jan 9c Feb 6c Jan 8%c Feb 12% Feb 53c Jan 12 %c Feb 7,200 45c Jan 14' Jan 54c Mar 22%c Mar 83c Jan 45c Jan Feb 2.80 Jan 1.82 Feb 2.00 Jan 1.13 1.13 100 3.75 3.75 600 a30c a30c 200 32c : 1.13 Mar 3.05 Jan a 10 %c 12c 1.87 1.87 1,000 1.87 Feb 5c 4,000 4c Feb 1.98 400 1 5c " 1.91 1 ific 16c 6,500 17c 2,500 5%c 8c 65,700 2%c 3c 7,000 1 2 30 a22% a22% 8%c 9c 35c v Ltd—1— 81c 56c Ltd——_I_l 50 2,200 9c 9%c 2.25 2.35 3,600 64c 67'Ac 6,500 65c 2. • 7,500 1.25 Feb 4.00 10 %c 1.91 16c 5%c 2%c 19 7c 9c 1.92 57c Feb Feb Mar Jan 12c — Feb 1.90 Jan 5%c Jan 1.98 Mar 9c Mines class Bell Jan 23% 14c Jan Feb Jan Feb 14c 2.35 68c class Ribbon Corp preferred Bobjo Mines Bonetal Gold Jan 82c Mar 2,300 52c Feb 62c Jan 56c 60c 7%c 500 2.55 2.64 10,700 2.32 Feb 2.69 1.20 Jan 1.25 4,300 1.20 Jan 1.36 Jan 55 y4C _J 3.30 3.45 500 31^ 3 %c 4c 10,000 8c 8c 1,000 54c 55%c 40,300 6c Jan 7%c Feb 7%c Feb 54c Feb 71c Jan Feb 3.50 Feb 2.99 1 * 3%c Mar Petroleums class * 1 _I° ; 1 see • 41 page 38. H' ^0% 4C 4.25 3.95 a7.05 4c 1,56 ' • 2.85 • * A South Brazeau Petroleums Ltd—— footnotes 3.90 H* 1 Ltd Ltd ]__• 1,400 3.85 a7.05 50 7.00 4 %c 1,500 4c Feb 4.70 Feb 8.25 Jan Feb 5c Jan Jan class Brazilian Traction Light Brewers & Distillers of Ltd (name Canada Columbia British Columbia Class ' Jan 13c Jan 49%c Jan Jan 31c Feb 14c 7.000 9c Jan 15c Feb 56c 18,200 53c Feb 62c Jan 15 15 285 13% Jan 15% Feb 9c 9c 9%c 3,500 7%c Feb 1.36 9%c Feb 1.35 1.42 10,000 1.28 Jan 8% 1.70 Jan 8% 8% 2,230 7% Jan 8% Jan 12c 12c 600 6c 6c 9,000 4%c Jan 12 %c 13 %c 1,700 12c Jan 1,359 3.10 ' 6c 3.25 3.15 3.25 7% 7% 18c 23%c 14,225 10c 8%C10%C 10c 10 22 %c 15,200 — 27% 27% Jan 13c Jan 7% Feb 6c Jan 24c Jan 27'/a Jan 3.45 7'% Mar 18c Jan 7%c 14Vac Jan Feb 1,102 27% Feb Jan 10%c Mar 28% Jan 20c 26c 48,900 26% 26 % 205 • 24c 41 6% 6% 54c 20c 1.54 Mar Jan Mar 65c Feb 31c Jan 24% Jan 26% Feb 6'/4 Feb 7% Jan 155 12% 12% 13% 675 12% Feb 14 Jan 39% 39% 40 7,504 39% Feb 41 Jan 24c Feb 31c 4c Jan 5c 6% Jan 1 29 %c 29 %c 41 ■I:I 31c 4%c 4%c 7 7 7 * 2,300 12 %c 51 35 51 12 %c Jan 7 Feb Jan ... . 52 Jan Jan — 13c •6,000 12c 53c 62c 39,742 39c Jan 62c Feb 2%c 60c ■■ 2%c 500 2c Jan f3c Jan 10 %c Mar 119c Jan 10 %c • 11c vv 2%c "3,000. . 500 2%c 1 14c 15 %c 21,600 9.40 9.50 35c 40c Feb 14c 2,010 2,800 15c Feb 3c Mar Jan 25c 25c Jan Feb 10 Jan Jan 9.35 40c Jan 16% 16% 2,180 10 17 Feb 26.60 26.60 27 4,546 26% Jan 27 Feb 22 Vb 20% 22% 34,550 19% Jan 22% Mar 16% Jan Ltd) 3%c 3c 3%c 2,700 26% 625 100% 100 % 100% 3c 11,422 26% 35 • 2.90 2.85 * • 2.90 11 27% .27% 99% Feb 23% 215 28% 3%c Feb Jan Jan 1,700 11 28% 28% Mar 25% 26 1,310 11 102 Jan 3% Mar 273/4 Jan Jan Jan Jan 11% Feb 29 Jan Feb Jan 3.00 2.90 3.00 1,000 Jan 3 22c 21 %c 23 c 20.866 21c Jan 27c 60c 60c 62c 25,000 50c Jan 62c Feb 19% 19% 19% 375 17% Jan 19% Feb 7% 7% 7% 110 6% Jan 73/4 Feb Feb 19 %c Jan 14 %C - 12c 14 %C 2.00 2.00 5%c — 33% 5%c 34 ' 1.92 Jan 16.500 8c Jan 11c Jan 1,500 ;■ 5c Jan 6c Jan Jan 310 30% 16 195 14% •Jan 27% 27% 130 26 Feb 17 Feb 19% Jan • 7.10 6.95 2.76 class Preferred Canada Wire & Cable class A 5c 45c 10c Feb Mar 58c Jan Jan 12c Feb 3.25 Jan 120 42 Jan 42% Mar 94 34 Jan 383/4 Jan 29% 29% 29% 540 29 Jan 30 Jan 11% 2.62. 3,100 •' 11% 55 Feb 11% Jan 22 22 35 19% Feb 50 50 50% 135 47 Jan 52 Jan 11% Feb 12% Jan 34 Jan 37 Jan 24% Jan 11% 11% 11% 161 34% <14% 75 21% 21% 22 1,310 19 213 101 196 Jan 21:0- 19 40 17% 19 38% < 41% 83 2,159 ■ 83 892 40 30% 31 150 9% 9% 9% 25% 25% * 22% 22% • 20 20 1st preferred Convertible preferred 20 23.10 HIH* common 20 common 13 14% preferred Canadian Indus Alco "A" voting 83 30% Jan 33 Feb 11% Jan 26% Feb 22% 26 I__* • 9'/a Mar 25 Jan , 41% Mar Mar 22% Jan 23% Jan 1,106 2,278 193/4 Jan 20% Jan 22% Jan 23.15 19% Jan 20% 11 Jan 13 590 * 1,490 ; Feb Jan Mar 14 14% 440 14 32 323/4 815 29 Jan 32% Feb 39% 115 37 Feb 39% Feb 22% Jan 15 Jan 69 23% 25 26 26% 100 24 V# Jan 27 Jan 4.90 • ....100 Mai- Jan Jan ° 25 common 20% 13 19 33% -1,205 , 23.10 23.10 11% Jan Feb i H* Dredge 715 23 215 39% * 25 25% 20% 20% • A 14 Feb Mar 22 80 125 10 common 12% ; Jan 213 * Commerce Jan 63/4C 2.89 I-HHIBo Breweries Feb 8.35 Jan 7,000 Jan 35'% — Canadian Locomotive 6.95 Mar 34% 9 of 14c 42% • Canadian Bakeries Canners Jan 35 „ Bank 7c 6,100 « Canadian 8 100 B Canadian Feb HIII* inn- Canada Permanent Mortgage Canada SS Lines common Jan 2.76 • A Feb 42% — _lo Class B Feb 16 7% 6,690 5,275 48c 34 30% 35% __ • 7.10 6%c 45c « common. 21,500 10%c 10%c preferred-HHBo A__ 400 6%c * • 270 7% 10c 12 %c 10c 18 7% -- • Power Jan 15% * .11—HH20 class 2.25 27% H_Hl B 12c 3,435 Jan 15% * 1111111111111 class 2% 36,700 2.25 8c l0%c • H Canadian Celanese 50 10 ; Jan 1 ' • 1 27,400 ; 26 1 Canadian Food Products Preferred Feb Jan Jan Jan 53c 1 Canadian 10c 22c 77 20c 13 %c »■.' 26% Oils Canadian Car Jan Jan 11c 15 ■ • com I Jan 41c 40,500 75 54 %c 18 Jan 1,500 20 2,549 27 %c 29 %c 28c 5o HHH. 4.85 5,500 76 20c Jan HHl. 7%c 41c Jan 700 • A Mar 11c 11 %c 8 56c HI class 4c 41c Jan 75 1 New 23 %c 7% 15c — 9.45 Preferred Jan 500 Mar HI Jan 4.20 Mar 7% Jan 41 Lake Jan 18c Jan 40 1 1.18 5,800 22c Jan H HHl HHl * 13% 33,000 Feb Jan —__H"H* HH • Feb 56,500 17%c 1 Feb 20c 2,000 7% 11111111111—• 1.01 4.40 Feb 18c 17 %c 26% Preferred Class 28c 10,500 26% Oil Calmont Oils Class Jan 7% 14%c Calder Bousquet Calgary & Edmonton Callinan Flin Flon Foils 12c 22c • Burrard class A Canada 4%c Jan B Calnorth Jan 2,000 1.16 IIIIIH25 Burlington Steel Co Feb 3 %c 4c 19c changed Building Products & 32c t 4c "1 & Pwr Ankerite Class Feb 38% Buffadison Gold Burns 18c 21 %c * Bruck Mills class A Class B Red Feb 5.300 38% Porcupine Buffalo 27c — 150 * Dominion Broulan Jan 25c 10% 93,700 B British 4.75 Feb 56c Products Columbia Packers class A Columbia Power class A British British 10% 4%c Mar Feb 9.60 816 Forest IOO 4c 71c 3.80 535 4%%" pfdllllOO Elec 4,443 4.20 Jan 8,700 25 11 19 %c 44c 3.95 10% 39 common. 1.05 Feb 27,800 3.80 10% 1.53 _ Breweries 1.88 1.88 Jan 71c — j British American Oil Preferred 1.45 Jan Jan 10c 64c 41 Lake 1.05 1.22 Feb 65c Feb 17c 1.34 A Brantford Cordage common Preferred 10% 10,400 20c Jan 7c 3.90 14%c Jan 5'Ac Jan Jan 55c 2%c Packers 36c 16c 2,000 2,500 j Canada Feb 3,800 56c "IIIIIH* Bralorne Mines Brand & Millen British Jan Mar 38% Boycon Pershing Boymar Red 27 8%c . Western 57% Mar Jan 55c II-H—HHl Vancouver Jan Feb 41 > Bordulac Brewis 13% 52% 26 16 %C II u H_ HHl Gold Northern Jan 835 1.51 I Iron Foundry Malting 33c 1,015 27 » Bidgood Klrkland Gold—HHHH Biltmore Hats common II Canada 69c 14% 57% 38% , Gold Canada 1,360 550 56% 26% 28 Canada 10,200 Jan <■ HI.' Jan 82c Jan 25c 1 H Feb 35c —_1 . A Bros Bevcourt Jan 33c 80c Jan 10 HI HH Mining Power Feb Jan Feb Jan 23c 1111111111—* Ltd Bread 5c 70c 1,750 ]n III" Telephone Blue 6,600 70c 10 I Cement common 2 60 8c HHl B Eteatty Feb 80c ""III—II Toronto Metals Jan 9 23c * -% Mines Ltd Class Jan Jan 8c 1 HH A Bagamac Mines Bankfield Consolidated Bank of Montreal Bank of Nova Scotia Bathurst 8% Feb 55c 7%c 55c HIHIIHHHi Co 225 Mar 14% 1 Aunor Gold Base I H* .!!!„* HI— I—HIl I IIHHHl Aumaque Barymin 8% 75c % 17c HI Yellowknife Aubelle Mines of Jan 8% ; Atlas Bank 4%c 27 """Hill IHlO (1937) Steels Fabric 40c 1,000 1 H Hardware class A Atlantic Oil Auto 60 3,575 5c 23c * Ascot Metals Corp Athona •104 •49c 14 % 1 Armistice Ashdown « High 40c 75c 14% Gold Canadian Pan Western Oils Ltd-. For Warrants Arjon Canada {oq Omnitrans Exploration Ltd Pacific Petroleums Ltd Superior .Oils Preferred Canada Jan 105 —HI • -HI— • I__I_HI I* IIIIIIl HI* HHl H 1 ~ H_ • ", _fb HIII common Jan 7%c _i Consolidated Homestead Oil Co Ltd Co Corp Jan 77c v IIIIl Hi Gaspe Oil Ventures Ltd Oil Argus Campbell Red Lake 20%c Jan Low 103% 41c 1 Feb a__ 102 II" Mines Feb 2.60 90 Anglo-Canadian Oil Co Ltd Calgary & Edmonton Corp Ltd home Area 80c 1,100 Jan II Oil Jan Oil StOCKS— General Canadian 65c gc " Anglo Buffalo 1,200 25 pnTflrred "25 Canada Anglo-Huronian Feb 4,500 Feb —1 Anglo Rouyn Mines Apex Consol Resources Aquarius Porcupine 13% 1.95 Feb 24 Larder Jan 2.70 23% 530 8% _ Nepheline 12 1.85 24% 100 -1 Buffalo Canadian 2.70 ——II Ltd American Jan 1 United Asbestos Corp Ltd Upper Canada Mines Ltd.: Amalgamated Jan ;_I • 24% I " American Yellowknife Anacon Lead 3.30 ill Ltd of 66% 1,000 Feb Jan 24% 22'/8 Ltd Co Jan 1 957 50C Mines Aluminium Aluminum Jan 80c 24% 2,945 I 3.00 40c ~~1 Ltd__-JlHIIIIC 1 Cons -62% 900 Jan 23% 57% Pacific 10 12% 21% 22% __1 Algoma Steel 1,100 38c Ltd—IIIII*"1 (1944) Alberta 3,500 80c Co Ltd Akaitcho Yellow Knife Jan 3.10 Mar 2,495 23% Oil 3.25 Feb 24% 5c & 3.10 3.05 High 23% • II Uranium Mines Gas Range Since January 1 Lotc 24 Agnew-Surpass Jan 17% 400 54c Jan 21c 85,500 4,800 19c 22%c Jan 10 150 12% * Ltd—1 Acme to 6.20 1,800 18 9c 1 Mines Co Acadia 3.05 III Ltd Mines Feb 500 Shares _« _ ' 3.20 Torbrit Mines Ltd! Westville Jan 7c 5.30 i _ Sherritt-Gordon Mines Ltd Mines 10c 4.50 . Mining Corp Ltd Sullivan 2.43 Mar Feb Feb l ~ Santiago Mines Ltd Trebor Jan 3%c 71c t Labrador Development Quebec Manganese Mines Ltd Mines Feb 60,500 4.45 I class A a62% a62% 1—"HI* Quebec Mines 22 %c ~ Pitt Gold Mining Co Ltd Preston East Dome Mines Ltd— Gold Mar Feb 54c Pato Cons Gold Dredging Ltd—_ 1 Paymaster Cons Mines Ltd „_Ll Piccadilly Porcupine Gold'Mines Ltd—1 Stadacona 63c 6c 12% l_i Standard Feb Jan 1 — Ltd— Mines Jan 8c Jan 8%c Hi Sladen-Malartic Jan 20% 42c 7%c r-. O'Brien Gold Mines Ltd Miller Mines 25c Feb Feb -7%c 5 Osisko Rochette Gold Mines Jan Jan common. Jan 28c 18 59c 89c Jan 2.22 5,200 71c 51c Jan 16c 27,198 ggc' Jan 11,550 21,500 18,500 27 22%c 2.20 5%c Jan 53c 9,500 25 %c 4.30 Feb 6c 3,085 8C Mar ' 10% ~f 9c 18c "6,000 10% 7ic Jan 17% 7,000 22'A c Feb 31c Paper Preferred Bonville 1.000 ^ 63c c Feb 2.05 60 "l * 5%c 4c 21c HI"~1 _ 96,500 al8 ^ 20 1*33 1 New Goldvue Mines Ltd Normetal Mining Jan 55 %c l Mines" Mining Corp of Canada Ltd Nechi Corns Dredging Ltd 14c 20c 1 Ltd Feb 22c ]~~i Ltd 6c al8 g3C 1 Ltd— Mines 10,000 6'Ac 1 Gold 8%c ■" __H. Macdonald Mines Ltd Mclntyre-Porcupine Jan * 20c 5 Ltd Malartic Feb 7c -.-'1• I Cockshutt Gold 4c Jan 2.05 4c 1 Mining Corp MacLeod Feb ' 1 1 Goldflelds Mar 4c 9c Ltd 1.53 Mar 3c 7c _i Co Jan 20c 8%c Ltd Jan 61c 500 7,500 Mines— Feb 3c ! Mar 2,500 57,000 al8 Ltd 1.20 71c 5,000 9%c 1 Ltd Jan 5c 2%c —________i Silver Feb 3c 8c IIIII1 Fortune Gold Mines Siscoe Gold Mines Mar 19 ' Acadia-Atlantic Mar 25 26c 2 %c (1945) Mines Ltd—_ Lake Shore Mines Ltd Quemont : -:20c 8%c 1 Mines 8,500 2%c Ltd Yellowknife • Feb 56c 1.53 l Lake Rowan Quebec 100 55 i 4'Ac """• Gold Gold Gold Jan Jan 6c 1 Mining & Exnlor Crow 30 12% 54c "1 Joliet-Quebec Mines Ltd Kerr-Addison Gold Mines Pickle Feb 1.40 1 Ltd Knife Mines Feb 36 Feb 3c — Mines Lake 16% Feb 50 _1 1 Formaque Gold Mines Wasa Jan 29% 52'A 64c 23c' _l Louvicourt 14% 36 16 4%c • Sullivan Mines Ltd_—HUHl Eldona Gold Mines Ltd Lake Feb Jan 355 1 East Lake 35c 11 330 1 Ll Mines Dulama Gold Mines Ltd— East Malartic Mines Ltd Labrador Mar 641 '5417,0'* Ltd.—&IH"Hi Co Dome Mines Ltd Donalda Mines Ltd Mines Jan 9 for Week .20 & $1.50 preferred Atlas 55 2c • Mining Cortez Explorations Ltd Jaculet Feb 25 71„ Ltd—. 1 Cadillac Duquesne Cons 16% 51% 153! Cochenour Willans Gold rioinnger Mar 21 } 1 Candego Mines Ltd HI Cartier-Malartic Gold Mines Ltd Centremaque Gold Mines Ltd—. Yellow Mar 45c 51 • Lake Gold Mines "Ltd s Lake Gold Mines Ltd Bouzan Gold Mines Ltd Giant 116 Power Barnat Mining Corp Ltd Gold Feb a 20c 1 16 Beatrice Red Sol Jan Feb a__ 150 H—H41 Mining 19% \."- Bob El 750 Lt^. Metals Corp Barnat Mines Ltd Cournor Jan 11% Ascot Consolidated 16 a34 29% 54% v ' Feb 13% Jan v 2 a34 ■: 05 5 Ltd Jan 2 _o _ Ltd Consolidated 2,000 9 1,000 29 % 100 Breweries Feb 41c • 16 "' « 48% 113 9 9 < Feb 15 67 ■ 54% 18% 25,102 25c 110% Mar Feb 45c al7 Jan Jan 116 16% Feb 15 13 18 25c V 7% Feb 17% 1,050 15% * __ Base Metals 25 19% 42c ~_5o A—1 Mining Stocks— Mines Feb 15 355 "• Anacon Lead Mines Arno 48'A 14 48% 114 41 com United Securities Ltd Products Ltd (j Jan 18% Ltd.—4" Westeel Windsor Hotel Jan 53% 18 41 United Amusement Corp Ltd class A United Corporations class A— United Fuel Inv Wilson 109% al7 (Cant Twin Canada 4 160 54 13% A^ Transvision-Television Western Feb ■ Feb 11% Jan 13% 19% Ltd Co 5% -10 48% 45c? 11 111% Mar Jan 800 14 Southern Canada Power 6% pfd—100 Investment Co Ltd Standard Paving & Materials 10% 14% II 20 Feb 7% a 53% Southmount 11 111% Mar 25 110110% ■ Russell Industries Ltd Stowell Screw 11% 7% * ■ 11 111% 111% ' Abitibi Jan National Grocers Co Ltd— _« Nova Scotia Lt & Pr 6% cum pfdJoo Nuclear Enterprises Ltd__% Orange Crush Ltd I""" • Paul Service Stores Sales Range of Prices Par Feb Jan 30* — • _ 3% 14'A a9% 18% LtcL—HIIII41 Mills, Jan Feb 26 _ ' common—" _ Rice Jan 115 » 5 12% 13 11% ' .10 Co ! 805* H Week's Last STOCKS 15% Mar . 27 __ Friday Bale Price a__ — 3% Exchange Feb 40 1/ « 1 Paper a— 29 \a 26 io Ltd_ Ltd Ontario 10 ' Toronto Stock Canadian Funds Jan 40 " » com—H41 Limited — 24%, a9 % . pfd__20 1,099 , • preferred Mica „io . 6%% Ltd Melchers 6% 1 Co 27% 40: common—lo 7% 3 High Jan 12% Paper Co Ltd com—♦ Insurance Co io Massey-Harris Low 27 41 Hydro-Electric Securities Corp 4' Inter-City Baking Co Ltd: 1—100 Int MARCH Range Since January 1 High 27 % Great Lakes Halifax MARKETS ENDED for Week of Prices Par Motor WEEK Sales Last Sale Price Ford FOR LISTED 4.90 70 43/4 Jan 6 Jan 69 Jan 71 Feb 69% 20 9% 8% 9% 260 22% 223/4 233/4 115 22% Mar 67 8% CM rv- Jan Mar 23% 93/4 29 Jan Jan Jan 35 36 COMMERCIAL THE (980) & LISTED CANADIAN Monday, March 6, 1950 MARKETS for week ENDED MARCH 3 range I FINANCIAL CHRONICLE v r Friday Range Shares Low • 8% 100 Canadian Pacific Canadian Canadian Wirebound class 16% Jan 18 Jan 31 Jan 33 Feb Gwillim 102 102 10 101 Jan 103 Feb Gypsum 27 Feb 9% Mar 13% Jan Jan 1.45 Feb 1.30 1.30 1,700 2.50 2.50 2.53 3,415 2.20 Jan 2.60 Feb 1.09 1.07 1.13 15.200 1.00 Feb 1.52 16c 21 %c 7%'C 9c 12 13 8% 8 Va 100 1.19 29,200 6c 5,200 1.30 8,400 1,500 — — 1.09 -80c 1 5%c 5 Vac 1 1.28 1.25 _ 13c 13c —1 Jan Jan 8c 14 Vk Jan 10%.. Jan "25 1 Preferred Cocfcshutt Plow III — Jan .15% Feb ,11 Vac Feb- 37c Feb 50c Jan 15C 25 Mar 15% Mar 1,072 2,400 225 1.40 15c 1.15 16% Jan 18c Jan 1.50 Jan 1.15 Jan Feb 1.00 850 24c 20c 24c 198,196 13c Jan 14c Mar 8c 8c 8 Va c 10,260 8c Jan 10c Jan 1.00 Mines Ansley Astoria Lebel Consolidated Mining. & Smelting— I Consolidated Press - ['■it/ Class B A —— . : v^Onwest Exploration "•"Craig' Bit Huron to Erie Jan Industrial Feb 70 6,500 60c Jan 90c Jan Mar 5c Jan 4c 6,000 4c 60c 4,900 55c Feb 62c Jan 16c 12c Feb 26c Jan 96V4 12,822 3,631 6% 100 Jan 103 94% Mar 6% Feb 6% Feb 1.75 Jan 220 1.50 Feb 320 160 ¥2 Jan 1.09 1.11 2,700 1,08 Jan 1.26 Jan Jan 8% Mar Cfoinor1 Pershing Crowshore Oils -i |; Detta Red Lake f Dexter: Red Lake -i Discovery Yellowknife -i f; Distillers Seagrams — Textile j DOnnell to ■■ East [ I Economic ■ , Ltd_ 1 .; -1 Jan 7c Feb 26c Feb 36c Jan 27 - — 42c Feb 30c Jan 20% Jan 21% Jan 17% Feb 21% Jan 205 26% Mar 27% Jan 21% Mar 29 V* 21% 50 2014 Jan 28 29% 134 26% Jan Feb 825 7% Feb 2,005 19 Va Jan 22 Va Jan 34 34% 680 33% Jan 36 Jan 50 11 Feb 12 Jan 174 25 173 Jan 175 Jan 10 y8 10 V* 100 10 Jan 11% 63c 98,350 52c Jan 63c 54c Mar 9% Mar 9 Feb Jan 23c 13,800 6c Feb 9%c Jan He I2V2C 18,150 11c Feb 14c Jan 5»/4C 6,000 4c Feb 6c Jan 23c 9Va 9 21c 20c 23c 169.200 6c 6c 6%c ; Jan 15 V4 c 9% 50 iiy8c 23c. 5c 23c 24c 8,700 2.26 2.48 51.500 2.45 5.15 5.00 5.25 30,425 5V4 5V* 55s 460 48 48 55 153:, <■ Investment .25 Ll: 28c Mar 2.05 Feb Feb 45% 5.30 Jan Feb 5% Jan 2.48 Mar Jan 4.40 International Bronze Powders International Nickel Co Jack Feb Fittings Ltd v; Class Jaculet Mines Joburke , ;i Jollet 6% 48 ' Gold Jan Feb 'Class" Jan 21 Jan 23% Jan 13% Mar ,14% Jan 26 25% 26 389 4,800 4c Feb Feb 32% 32% 40 God's 8 8 25 7% Feb 8 10% 1,000 9% Jan 12 40c 42c 3,700 Jan 49c Jan 17 Va Jan 25 17 j .Goldcrest 17 80 110 15 101% Jan 3,145 31 Va Jan 144% 144% 144% 9 5%c Jan 38 143% Feb 146% Jan 960 8% Jan 10% Jan 8c 192.000 5c Feb 8c Feb Jan 1,000 16c Jan 21c 7,236 20c Jan 30c 2,828 20c Jan 30c Feb 4%c Feb 15c Mar 10c Jan 12c Jan 66c Feb 82c Jan 6c Feb 10%c Jan 27c 25 Vac 25 Vac 15c 39,783 10 %c 11c 5,500 66 %>c 70c 37,240 9.104 , . Feb 7 V4 c 60 65 770 43% Jan 65 ( Feb 5c 5c 500 4%c Feb 6%C Jan 1 18 Va 18 18% 1,715 \17% Feb 19% Jan Feb 65c Jan 6 7c 55c 1.31 2,000 50c 1.25 Feb 1.44 500 11 %C Jan 14c 1914 Feb 19% 300 4.45 3,030 10c 12%C 4.35 19% 4.25 .19% < 10.400 . 11%C 11 %c ■ — ; 56c 1.27 56c 1.29 ■' ; 111,500 3%c 1.06 1.10 1.20 32,400 9c 385,300 3c 31c 31c Feb 32c 3,150 9c 12,059 13 1,455 52 %c 52 %c Jan Jan 17c Jan 12% Jan Jan 5.30 Jan 7%c Jan 20 4.25 Mar 8c Jan 1.34 Jaa Feb 9c 43 c Jan 9c Mar 14% Jan 5%c Jan 12% Feb 50c Jan 64c Jan 54c 14,450 1.90 2.00 2.00 8,500 1.90 Feb 2.40 Jan 6.60 138 6.25 Feb 7.35 Jan 3c 1,100 2%c Feb 4c 6,000 4c 5c 40,000 4%c Jan 16% 290 15% Jan 19 19 78c 1.25 1.34 25 1,200 10,325 3%C A—. 1.23 —1 • • • B 1 Goldfields Lynx Yellowknife a —_—+ MacDonald Jan 16 Jan Jan 36% Feb Macho River Jan 10%'Jan - 4c 1,500 ; , ■ 5c 4,500 56 %c 54c 58c 18,920 31% 31% 31% 191 30 Va 30% 4%c __ 30% 140 22 %C 16c 23c 408,300 19c 16c 20c 30,400 Macfie Red Lake- 34% - -*3VaC Jan Jan 4%c 4%c Long Lac 14% 35 Vs 35 V* 35% 535 1G 10 10 400 120 2.43 8 120 121 170 5VL'C 6c 4.200 2.15 2.47 19,675 9 117 5%c 2.05 124 Jan 2.90 Feb Jan 8 8 20 7% Jan .12% 12% 100 12 % Feb 6%c Feb Jan ^an 8 12% 19 74c 5c Jan Jan Feb 82c Jan 4%c Feb 19 Va Mar 1.15 Jan 7c 17 Feb Feb 1.34 Feb Jah 6c 4%c Feb 7c Feb 45c Jan 62c Feb 31 Feb 32 Jan 30V4 Jan 31% 13c Jan 23c Mar 13V»c Jan 20c Mar Jan 14,012 44c Jan 80c 6%c 17,000 5c Jan 7c Feb 10%c Mar 17c Jan 10% c 10% c 11c 7,100 3.20 2.90 3.25 126,334 8% 8 Va 8% 1,085 Madsen Red Lake Gold Mines— 3.05 2.99 3.10 McMlllan Class Export class B Magnet Feb Malartic — Gold 9%4 A -—— 60c 3.15 3.35 12,750 2c 2c 2%c 8,500 15 16 475 Eastern 27 27% 1,566 24 Jan 29% 53c 2,790 8%c Jan 14c Feb Maple Leaf Gardens 99 50 98 Jan 99 Mar 87 20 87 Feb 91 Jan Maple Leaf Milling Maralgo Mines 2.25 2.38 5,890 2.25 Feb 2.60 Jan 92 92% 30 18% 181 % 18% 240 107 1G7 107 105 105% 110 111 55 110 Mar 111 Mar 2.85 2 85 200 2 Jan 3 Feb —* 1.05 1.05 200 1.05 Jan 1.05 1.05 1,200 1.00 Feb * 18% 19% 523 105 105 12 6.10 6.20 —1 615 7c 16 %C l 95 91% Jan 17% Jan Jan 19 •'/' Jan Jan 6,197 17% 105 6.10 Jan Jan Feb- 107% Feb Gold Marcus Jan 3c Jan Mar 16" Feb Martin-McNeely . 1,25 5c — # Massey-Harris common 3%c ■ (L) preferred Mclntyre 19% Mar Feb 6.60 Jan McKenzie Red McLellan McWattcrs Gold Milton Brick 1.30 12% : — — 4,000 15c Feb 17c Jan Mining Corp — 1,500 6c Jan 8c Feb Model Oils — 6c Jan Modern Containers common- 4c 4VDC 8,324 3%c Jan 52% 53 85 52% Feb 10% Jan 3.35 Jan Class A Monarch 7c Feb Moneta 5c Feb Montreal Jan Moore 53 101/4 1.700 10 Jan 16 1,890 14% Jan 42 43 60 40 Jan 10% '16 43% 9%c Feb Feb ——-— Locomotive Feb Mar Feb 9c 3,050 8 5V+ 5 Va 1,100 5% Jan 4c 4,400 3c Jan 1.25 1.30 1,600 1.10 12% 12% 1,615 12 V. 1,000 ■ 9 Vac 6 • Jiin Jan "Jan 4c Jan Jan 1.35 Feb Jan 13% Feb • 35c 35c 31c Feb 37c 15% 16 235 12% Feb 16 17% 18 275 16% Jan 13 Feb 11 Feb • II* 125 1 — 1 r Feb • Feb 12 C III Mosher Long Lac— Mylamaque Mines . Jan 60c - 16 — Corp common—_— Preferred 6,100 • 18 Mortgage to Inv—_ - 15 a8 9%c Mar Jan 35c —— Porcupine v 9c — 5% Mills Be ' Jan 67 ' • Feb ' 3%c Jan 7%c Jan " •! 3%c 16% 100 Feb 36c Jan 51c 8c Jan Jan Jan 1,000 32c 2.51 61% 8c 8,350 4%c Feb Jan 8C 36c 4,700 300 Jan 13% 8c Red Lake McMarmac Mercury Feb 63 Jan 97 115,500 Mid-Continent Oil Feb 50 54c Jan 5c 1,342 100 6c 28% Jan 17 ; Feb Feb 9%c — Feb 4%c 14% 17 53c — 65c 1.700 30 6%c - ^— Mar 7c < Jsin 25 Va Jan 9C Lake Gold 57c 5i,4c 27% Feb 62% 63 Porcupine 7,800 16 %c 16 %c 3 Vac Mar 21% Jan 8%c Mar 15 %c Jan 1.20 Jan 105% - 10 Va Jan 275 17 14. .100 3%c 3,500 2,915 28 99 Va 14 ¥4 common 24% 17 17 —- Preferred 5c 24% 27% 24% ——20 Preferred McBrine 15 1 — 59c 2,700 42 2c 9% Mar 57c 15,450 15%. Jan 13 %c Mar 7%c Jan 5c * Feb 3.45 80 5%c 2.74 • J-"! 60c Jan 49,700 10,900 Feb 5c » Feb Jan 15c Jan 2.65 4c Jan 10 2.95 31c 9% 6c 5c —- 3.15 8 %c 2c 5c 1 8% Feb 4%C 3,500 2.70 —50 Jan 13%c 2.200 * ;Gqldhawk Porcupine ] * Goldora Mines Jan 7% 15c 7c l ■ 3.25 Mar 9% 8V4C Vac 7c —1 Jan Jan 2.76 9% 8c ■ 2.70 Jan —1 32 %c 1 2,11 Jan —1 2c C8c 2.33 Feb 13c 805 10,800 186,140 55c Goldfields to 10 3.30 Consol 99 2^5 2.45 Mlnes. — MacLeod-Cockshutt ,87 2.35 10,556 60c 5%c 2.53 Mines 12 %c 27 2.55 52 %c —1 Mines Feb 92 y4 1 Jan Jan 9 Va 10c 1 745 — 38. 28% 103 V4 c Lencourt Gold 15% • page Feb 5c l 15 Gold see Feb 60 — 15 Gold— For footnotes 31% 16 26 Jan 1 f'! Gordon' Mackay class A I'll-Great Lakes Paper common— 0 " Preferred /k Jan 32% 31V* Leduc-West Jan —1 • Feb 27 Va 31% : class 4.60 common— Goodyear Tire preferred— Jan ■; 16% 78c & Jones 61c [ ij - 40c Jan 16 Jan —___■* - 100 102% 102% 4c Feb — ('. Gold Eagle Mines M i .Golden Arrow t \ ■ Gulden- ;• Manitou 31 27 Mines "U" 4.20 ___— /Goldale Mines f 31 31 10 % Secord 38c 1 Lake 30 31 Lapaska Mines 2,832 Globe Oil . 32 % Mar 10% ■ 'Glbhofa GOld 32% Mar 3c 1.190 • ,-GiJIies Lake Jan 6.60 42c __100 —-100 Giant-Yellowknife Gold Mines-- 3c Jan • — 4.40 • Preferred 27 323i 12% Mining 41c 100 General Steel Wares Feb 32 Cadillac Class 25 Va Jan 4%c Gold Louvicourt 32 Jan 6c 4.30 —100 —i 30% 1,450 31c 4.35 • — 480 8,092 14 Feb — Jan 100 A 31 21 •% 13% 1.13 Gold MCColl-Frontenac 1) ••>• 307-a 12 %c Jan 21 % Mar Feb Feb Mines La Luz Mines Leitch Gold Jan 124 29% Mines Shore Lawson Jan '3c Jan 21% Lake Rowan (1945) Larder 47% Jan 32% Lake Lingman Laura Mar 2c 325 1 Dufault Lapa 44 121 210 Labrador Mining to Exploration— —1 9c • common. 157 1 9%c com General Petroleum 2,700 1 17,500 * 'General Bakeries 2,055 15%c Jan' 4c Labatt ( John) Ltd Wasa Jan Feb 7%c Jan 32% 1 Lamaque Feb 11 Va JO 31% Lake 8%c • _.a—— 30,700 18 31 .' 8"sC Exploration v-5% % preferred 2,285 8%c 8%c Feb Jan 3%c Loblaw Groceterias class A- V 10% Jan 31% • Lake Jan 7c 16 % 250 14 Kirkland Townsite Lake Mat 31% Kirkland-Hudson Lake 60c 10c _a —— Kerr-Addison Laguerre Feb —Zi ^ Gold Kirkland Jan ' 9 %c Jan 6c 31% Mines Lexindin Gold Feb 1,000 70c Little Feb 7%c 4o a Kelvinator Kenville 58c * ' Feb * 124 Quebec Mines Feb X —- Feb 5,000 11c Feb preferred—..——100 Gatineau Power 6c 7c 14 %c Jan • —100 l Gair Co preferred* Jan 2%c 25 %c 43c common— "•'?; 5%" preferred 39c 31 Ltd 16%' Fold .Motor class A Frbncoeur Gold f 'Frpbisher Feb 17 %c 17 %c 50 %c j> iFraser. Cos ; 22c • 21% (1939) _• j \: Freiman (A J> preferred 4;020 44 Gold Manitoba v. Jan 23c Feb 25 %c * A 7c 2 Vac Mining——— Jellicoe Mines Macassa ?' 4c Jan 8c Jacola Mines Jan —— !} Fanny. Fa,rmer Candy Shops \ f1 Federal Grain common j I .•'•-•. Preferred : 1; Federal Kirkland || Federated .Petroleum : Jan 6c 17% 9 Feb Mar 3%c 500 10% 5%c Jan 8c 2,500 6 Vic 122 -100 15% 6c 3%c 4;S Petroleum :.28c. 21 47c 2 Vac common- 89,638 2,479 50 Feb 2,400 8c Jan" 30c - 86,500 10% Mar 11 2,700 60c 7c 42c Jan " 8%c Jan: 8V4C Gold Waite 10 Mar Gc • 35c —X Nickel I f* "Famous Players pfd Preferred International Jacknife 26% c Jan Feb Jan. 5c 60c lioo 28c 21% 42c —. 34c 21 - 15, Falconbridge .5 __6 Preferred 36 %c 63ic 15,500 - 150 5 %c 1 115 8¥26 10% 5c * 19,750 8V2C 399,530 —25 : 46c -1 42c 33c 10 % Feb 2 • A 16% — 14% Jan Feb 32% preferred 5% conv preferred Ingersoll Machine class Inglis (John) to Co_ Inspiration Mining 43c -1 , 13% Feb 6%c $1.60 43c ». Jan 13 Va 1 16Z , 11% 270 I 32 common-^ preferred -I -1 325 14 25 -20 . 12 Va .100 Acceptance Lake Fortune 174 62 %c 12% 8% Jan 8% 20% 11 Vh Feb 60c 1 common convertible $1.25 Kelore 7% 10 % 1 % 17% Jan 20 % — Eureka Corp 6c 1.000 -1 Mines Empire Brass class A V 7,000 Zi El Sol Gold ! i 1.80 Jan 67c 1.60 ■ Eddy Paper class A |j Feb 26% 5 V4C j; Eldona Gold i ...El; Pen-Rey Jan Feb 2,340 1.350 • ;,*lder, Mines 5 Jan 16c Feb 12c 40c 20,150 • Steel 7c 29 %C 29 %c 24 21% Mar 20% l Leduc Eastern 2,000 37c —* a | ' East. Malartic Mines. 100 42c 18% ..100 ; Sullivan 1.60 2.000 34% East Crest Oil - - 12c 11 Ya Duvay Gold Mines— ., ■ . : ■' • EastAmphi \ 325 21% 21% ——• II. VZ 5 Jan 27 -25 ... . Mudge -class j Jan 42c 21% common —— j. Oipatnq Gold Mines 13c Feb 18 29 rKmalda. Mines • Jan 23c 8% |^Dominion'Woollens ,. 10c 4,700 —^ 21 .25 Dominion Steel to Coal class B_ I 'Dominion Stores Preferred 6,200 29c 35c lift ■ { 7%e Jan 18 | ^Dominion Magnesium {¥■Dominion Z 37c • Dominion Foundry to Steel ( 58c Jan 21% -3 | vDonde Mines Ltd.. | > Dominion Bank | fDominion Coal preferred.—.— Jan Jan 7c 13c 3,040 Jan 50c 40c 40c -i —■ Feb 2,700 12c • — 17c 10,000 21% • -i , 9% Feb Feb 56c 1.60 Z-» : 6% 9% 13c 7%c 12c ■ 21 Va i Delnite Mines j*Del Rio 2,025 1,330 6%C A j i 1 — : 100 15c 28c 12e • Ltd: 9% 7c ' —. Petroleum Decalta 8% Jan 165 5lc 1 Davis Leather class i 15c 1 Davles i 1 'Z- —1 Patricia ;} D'Aragon Mines \ 8 9% 14 %C 8% l%c 7c Indian Lake Feb 5c 9% 163 —1 4%c Feb 7 Vac -10 Imperial Bank Imperial Oil _• Imperial Tobacco of Canada ordinary-5 66c 1.50 ZIo ; Jan ...1 Bay Mining to Smelting Hugh Malartic Feb 1.50 common Preferred Crestaurum Mines 4c 1 Feb 1.10 — 5,500 —1 International Metals class A i 27 4%c «- Feb 160 Va — .100 —. Feb 4c 6%> Hudson 4c 161 - Consumers Gas 20 3%c Hosco Gold Mines—— 8 6% 94% _ 200 22c Hollinger Consol 51c ' class 20% Hinde to Dauch 806 94% Oro Jan 24 20 — — 1,500 59c 60c Consolidated 19% Feb Lake Heva Gold. Mines 29,000 1 Feb 15 41 %c HighlandiBell Hignridge Mining— Highwood Sarcee 62c 4c j >: Consolidated Howey 17 Va 50 41c Gold 8% 14c Homestead ■ 325 15 5%c 67c 67 c ;Consolidated Duquesne 18 15 10 % 4%c 8 17% 14 Gold Mines- 60c 60c — Feb 12% Gold 4%C 8% Mines Jan 6c 1%C • 4% preferred Consolidated Bakeries 19c Jan 1.50 Feb 1.00 Mar 25 Mar Feb 1.39 Feb 14 % Jan 165 1.25 2.32 Mar. Feb 2.01 14 235 25 Feb 4%c Feb 15c 38c 15% 16c 1,000 Hedley Mascot Jan 1,000 18,175 V 55 5,350 Harding Carpets Heath 3c 2.32 Hard Rock Feb Jan 1.40 vCOniages Mines ^•Consolidated Jan Feb Feb 16c Harricana Jan Feb 1.21 1.21 Cadillac— 16c Cotton 6c 2,VaC 14% Hamilton 1.78 14% 15c Commonwealth Petroleum Beattie Jan 4c Bridge Feb 1.15 150 15% ■ Central 7c 4% 4%c Halcrow Swayze Halliwell Gold Hasaga Gold Headway Red 4,000 25 ' ' Consolidated 43c 9,029 High Jan 15 Preferred Feb 15 Va 2.05 • Consolidated Feb 11c Low 4 Va 17% Alabastlne to Feb 2%c 14% 2.27 1 ___ Consolidated 36c 4Vac common 8% 37c 2%C - Consolidated 8,000 20 % Lime Brass 1.37 15 ZlZi Hahn Jan 72o 2%c —* A Cochrane Dunlop class A- Lake 300 40c 10c 10c Gold Jan 47/aC Jan 7% - Jan 21V4C Mar Jan 6c 310 1.05 15c 67,000 13 Jan 1,08 JAn 85c 21.500 8%c : Willans 4% 38c 1 - 16c Lake Hamilton 7,700 88c 86c 20 %c - . Research Cdniaurum 25% 100 351 1.25 87C Chimo Gold Coin 27 10 1.45 .- Chesterville Mines Cocheuour 27 9% 27 * class High 4% 4% ; Range Since January 1 Low Mar " : ' — Circle Bar Knitting Citralam- Malartic ' Gunnar Gold 100 . Wines Shares Mines 11,552 X common Lead 33 • Central Porcupine -Coastal-Oils Gulf 1 Centremaque Gold -• Jan 17% A Central Patricia Gold -Mines-- Chesklrk Mines 154 Feb 151 for Week Wire 33 —- Chateau-Gal Greening Guayana Mines 17% —20 Central Leduc Oil- Chemical Jan Jan 33 Castie-Trethewey Chatco' Steel 8 70c 17 Va 17% class A Cariboo Gold 151 Jan Jan .25 Railway Corp Utilities preferred Canadian 151 — 60c 230 ...—* 100 Tire Cardy Corp 16 15 Va 1,300 15% 16 common preferred 68c Sales Range of Prices Par High LOW Week's Last Sale Price Range Since January 1 High 67C — Canadian Oils Cos STOCXS for Week of Prices Par Canadian Malar tic Friday Sales Week's Last Sale Price STOCKS 36c 12 Or, Feb 12 35c 37c 8,400 33%c Jan 38c Jan 20% 20% 20% 790 20% Feb 22% Jan 76 75% 76% 560 75 Feb 78 Jan 27% 27% 55c 30 263/a Jan "• '27% Feb Mar 37 %C 57 %C 514.350 16c Jan 55c 7c 715 6c Jan 7%c Feb 7c Volume 171 Number 4887 ; THE COMMERCIAL & FINANCIAL CHRONICLE (961) CANADIAN - Friday STOCKS Week's National _ Chemical & Steel New _ 11 360 10% Feb 12'A 575 28 Feb 22% 23 400 22 Jan 23 Feb 32C 33c 30c Feb 38c Jan Steel 3y4C 3c 3'Ac 1,500 3c Feb 1.00 1.00 1.03 8,156 1.00 Feb I Oils , j 93 _Z_* 05c _• Hershey , 4534 1,500 Jan 1.65 17c Jan 1 2.24 Jan 22c 3,400 2%c Jan 5c 33Ac Feb 8c Jan 50 7A Feb 8 129 10 Jan 130 128 405 5% Jan 500 8'Ac Jan common A 8 5'A Feb 1.07 Jan 1.30 22,500 lO'Ac Jan 500 15'Ac 5'Ac Feb 7c 11,570 4.20 Feb 4.90 Jan 44'A Jan 47% Feb Waite Jan Mar 17c 19 %c 30c 24'Ac Jan 3c Feb 4A Jan 1,000 3c Feb 5c 3%c Mar 8.800 2c Jan 3'Ac Jan Feb 34c 31c 254,997 1.88 1.90 74c 90c 76c 19,014 46 2,845 10 , Ryanor Mining preferred (G 14% 2,505 12A Jan 1.90 2.05 37,345 1.71 Jan 634 7% 60 6% Feb 8% Jan Jan 48% Jan 2.05 80c 9,600 75c Feb 96c Feb 18'A Jan 23% Feb 97c 4c Feb 4%c 1.06 32,847 22% 4,414 51c 63c 70,400 4c 55 Ac 4c 1,500 5 A 5% 100 II 3c 3%c 10,500 29 29 170 48 48 25 48 48 25 12c 9c 12c 9c 5 A Feb 2%c Jan Westeel Grocers For footnotes 500 page 37c • 36c 39c 27 27% .'•94 94 \ 50c ■> 27% ■ — 1 50c - 20c 25c • 7c -14,550 •■3,000 Jan 35c 94 • • Jan 15c 16% 3,665 14% 5,000 15% 29 50 27% 345 »-(.- ■ r9c-{Jan 50c - Feb 28 'A -Jan . 9T 47c, Feb 2,800 Feb -Jan 12 y4 -Jan - -VMar 12c,12'/4c . 12 Jan 25% 50 f %10%-Jan Jan 11% Mar Jan 1.36 Jan : Jan 11 -1,465 59c v - . Jan 35C ;' Fet) f • Jan 26 16%'Feb IBVAc \Jan Jan .. Jan -30-vFeb Jan 11c 28% 52 Jan 28% ;Jan 55 Jan Feb 22% .Jan 3.70 3.75 v . 3.90 3,600 19c 19c 2,640 7 7'A 505 6% Feb 7% Jan 3.45 3.35 3.45 20,120 2.91 Feb 3.50 Feb 6.20 6.20 6.25 7.05 Jan 3.60 19c 795 Jan 4.30 Jan 6.20 26c Feb Jan ,Jan 14 14 100 12'A Jan 14 37c 37c 1,000 35c Jan 41c Feb 26c 34c 20c Jan 34c Mar 33c 8.10 8.00 8.10 25,000 2,045 • 42 39% 42% 9,965 ♦ 4.75 4.75 7.90 36 50 Feb 9.50 Jan 4.75 Mar 6.00 120 10 Feb 2,000 7c Feb 8'Ac Jan 5c 5c 500 5c Jan 9c 51 51% 140 be 9 %c 2,902 9 Mar 49 Jan 7c 16% 16% 190 16 Jan 51 Feb Jan 97/eC Jan Mar 16% 30 30 50 29% Jan 31% Jan 33'A 24% 33% 50 32 Jan 34 P*eb 24% 85 23% Feb 100 101% 33'A • 24% 100 101 i 180 99% Feb 10c 5%c 3,000 5c 34% 10c 5 'Ac • 5c 9,600 4'/eC 34'A 20,500 26 Feb Jan 101% Jan Jan 9c ZZl _ZZZl 12c 5% Jan Feb 6'Ac Jan Feb 9c 4 Jan 35 620 33'A Jan 37% -Jan 100 100 15 99% Jan 100'A-Jan 14% 10O 5 Jan 9 7%c * common Jan 42'A Mar 9 «... ZZ> common : Feb 7%C —— ' 5 I__ ,__2 Preferred , 14% Mar 13.'A'-Jan 7 29 48 Feb 48 7c Jan 12c 7Ac Jan 14c Jan 9.35 14,435 Feb 9.80 80,900 Jan 10c Jan 18 %c Jan 3c Jan 4%c Jan 6c 6c 8.85 104% 104% 17% 20 3%c 3%c 3.65 5 V4c 7c Jan 104% Mar Jan 15'A Mar Jan 33'A Mar Feb 3%c Mar 5c Feb 7'A Mar 15,100 Knitting class 21c Jan 78'Ac 80c 4,965 75c Jan 92c Jan 2.00 2.00 200 2 Feb 4.05 Jan 5c Jan 7'A Mar 1 Preferred Bulolo Gold Canada and Canada Vinegars Shares Sugar. Canadian Cottons Canadian Fairbank's Morse Industries Jan Canadian Jan Jan 15c Feb Canada 1.20 Jan Consolidated common Western 2.31 2.23 2.35 46.841 21A Jan 21'A 21A 2.38 560 Jan 20 Jan 21 21'A 200 21% Feb 19% Disher 24 Ac 27 Ac Jan 13,200 21% Feb 24c Feb 63c 67 Ac 77,500 38c Jan 48c Jan __ 22% Lumber Dominion Foothills Paper Bridge International Paper common 28 635 27% Mar 165 24% Mar 98% 99 317 98% Feb 33c 34c 3,425 300'A 33c Jan 78c 83c 36c 47,750 Feb 67c Jan 83c 105% 32% Feb 36 Jan 20% Jan Pend 21% Feb Price Feb Southmount Investment Southwest Petroleum 35 36 575 9% — 21% 21% 10c 12c 13,050 55c 10c 60c 5,298 9% 9% 1,050 25 90 91 525 10c Jan 53 Ac Feb 8% 86 International 12Ac Jan 62c Jan Jan 10 Feb Jan 91 Feb Ltd 2,225 3'A Feb 99 99% 110 8.50 8.70 395 22'A 22% 810 92 Jan 8.50 Mar , common common Oreille Bros Temiskaming Mining Consol___:_. Jan Jan Feb 4% Feb Feb 104 9.75 Jan 22 Jan 12 12% 50 12 Jan 13 Feb 23% 75 22'A Jan 24'A Jan 105% 105% 20 105% Feb 105% Feb 45% Feb 42 Feb 45 45 45 150 45 Mar 41 41% 150 39 Jan 21% 21% 100 3.85 3.75 4.00 3,425 98 loi 480 3.80 3.70 3.80 1,500 60 59 60 267 i9y„ 191/0 191/, 3,185 34%c 33%c 35c 4,200 13 13 40 21% 2% 89 3'A Feb Jan Jan Jan 22% 24 . 3% 56 Jan 60 177/e Jan 19% 33'Ac Mar 12 Feb Jan 4% 101 45c Feb Mar Feb Mar Feb Jan Jan 13 Jan Feb 42'A 42'A 42% 305 40'A J.an 44'A 3.75 3.75 3.80 2,265 3.15 Jan 4.00 Mar 7% 40 39% 40% 501 37'A Jan 41'A Feb 20'/e 19% 20% 595 19% Feb 22'A Jan 50c 50c 15 50c Mar 52c Jan * __ Yukon 3 95 6 5 Utilities Minnesota & Ontario Paper Niagara Wire Weaving Ogilvie Flour 3 75 41 Mar 81c 92 " Mar . Oil 25 35% 26% Jan 5 • 24% Jan Jan 82'A 23% * 27% 27 24% 35 • 28 ■ 355 90 • common 24% __ 26'A 90 ♦ * Langley's 25'A • Westinghouse Steel 150 * Feb Jan __ » Dalhousle Oil 21 Range Since January 1 Low High sy4 1 Vickers Canadian High * com Canadian Marconi Jan 30 3 75 common Canadian 32c Jan • 100 48 'A 10 __ __ Preferred 25% 69c 26'A * Dominion Feb 9'A Jan Low • Canadian Bronze common Feb 1.91 for Week ,_5 Feb Feb 2 'A -Jan Sales Range 100 47 1.10 2.27 Jan 5 « 23% 10c Week's of Pi ices 1 Asbestos Corp Jan 6Ac Jan Exchange—Curb Section Last British Columbia Pulp & Paper com__* Brown Co -common 25c 820 Feb * B Andian National 100 9% 17c Friday 1,000 9% 2,300 Sale Price 12c 65Ac 19C 2.07 Canadian Funds 1.10 * 18C STOCKS nc 24 Ac Jan 19C 1 Mines Toronto Stock 1.10 __ 30c 1 Bear Jan 3.50 315 26c 28'Ac Mar 12% 3,200 7'Ac Feb 27 2,000 5c 7 Ac 5c 19% 103'A 4,100 4c Jan 6c 1,000 Mar 2.13 Par 11'Ac 13 Ac 805 23c .Tan Jan 33,500 5,000 Mines Mar 49c 4c 25c Feb 28 19% 3,895 23c Feb Feb 3c 50 2.15 24'Ac • Zinc Jan Feb 19 A & Feb Jan Jan 25c 19A Lead 3%c Mar 27 9.25 14% 2.10 1 «Wrlght-Hargreaves York 1,105 3.65 • 38. 500 1.18 Mar 10 100 Jan 9,200 3.65 100 see 75 7%c 17%.Mar 44c •24'/oc Mar 21 Wool Combing Jan 28c • common 11% 1 common Electric 1.17 27 A • Mines 11% (7'Ac • (George) Preferred 1.03 25c 1 Preferred 11 % -?%c 4.75 1 Yellorex 27'A __ Stadacona 1,161 • Feb Feb Jan 2,925 30% 11% ■ 1 Class A Weston Yellowknife 28c 1 Standard Chemical -1.25 lO'/e 11 % ; Feb Feb 145 Western Canada Breweries Western Feb 48 25 '* 1.18 17 36c 12V4C 125,100 , Jan 27'A 20 Co 1.18 25 f 1,010 17c 24%c 11c 190 Products 40c 28'A 625 100 1 Feb 55 ZZZl • Brazeau ;17% 17% 38'Ac 38'Ac 6c 22'A ; 20% c 44 16,600 9c 1 Co common 22,700 Jan ' 7 3.20 Jan Jan 1.00 22'A 60 Slater (N) 11c 31 Feb Jan 75C 47 570 Siscoe Gold —6 Ac 2.92 14'Ac Feb Feb 51c 78c 47 A Sladen Malartic 8,505 Feb Feb 24'A Preferred 3.00 Jan 54% & W)__ Class A Yale 47 A ,____ 2.95 12c Jan * West Malartic 14% Mar 12% I 23% class B 2.99 26% 1 Wekusko Consol Winnipeg 15'A 1 Feb • Wlngait Gold 33 A 1 Feb 6 • Winchester Larder 15 i__< 29 215 . -Jan .Jan 21'A common Feb 4 7'A Simpson's Ltd class A Ltd Jan 24y4 class A__ (Hiram) Waterous Feb 33'A I 120 7 7-; • 1.05 • common 3,000 29'A ZZZl 1.10 50 certificates 14c 29 * 25c 50 Amulet 17'A 27c Sllanco Mining Silver Miller Mines 12'Ac 2.31 1 Jan 15'A 1 Jan 21'Ac Mar .25 preferred Z Jan * ; 1.66 29 Mines Jan 1 Sherritt Gordon Feb 12c Mfg 15'A 33 A 50c 1.45 — Oils 76c Sarnia Bridge Shawkey (1945) Mines Sheep Creek Gold j Viceroy Violamac 86c senator com 1,700 25c • 110 1 Preferred 1.54 * 3,20 J Mar 9.30 1 Feb 1.50 < I 4,400 1 Mines _• Mines 85c 1 Rouyn Ltd Bhawinigan Water & Power .1 Hill 16'A 49 Gold 6%c 4 i6y* 15c 100 Lawrence Corp common 1 Wiltsey-Coghlan 14,100 1 1st preferred Ban Antonio Gold Feb Feb 18c liy2c • Jan Mar loc 1 common 46 16c 1 Russell 82c Jan 34c • Roybar Chlbougamau Rupununi Mines Jan 85 1 Eank Royalite Oil 3.45 68c 42% 2,100 » • 3.15 Jan Jan 40c * Royal 3c Resources 80c , 29 Co ^an 48 % _» 1 1.95 40c 1 73c 1 I2%c Mar 48% __ 1.03 A Feb Jan 1.80 Jan 40c 22% Gold 2,500 ___ioo 90c 94 Ac 1.98 _ 3.30 46c 7 AC 2,555 200 45'A 75c 29'Ac 2,750 8 Ac 12 Ac 45% 1 Lac 5c — Western Ashley Minerals 8,400 3.30 • Preferred 5c Jan 29 %C 46c 49Ac 14% 1 Jan 3,000 5c 2V2c 85c Quesabe Mines Ltd 8,600 3'Ac 5c 3c igy4 Regcourt 20c 3c 31^ Z"5 Quemont Mfg common 50c 10'A * Ventures Ltd Walker Feb Queenston Gold A Feb Feb 5c 1 class 2.70 41c common Steel Vulcan Feb 1.58 1 class Feb 3,700 Jan 500 Jan 1 Gold 20,950 41c IS Canada 33,920 Feb __40 Mining 3,600 2.65 8%c Oils Upper 4c 1 Quebec Labrador 23c 2.56 -1 __2 Keno United Feb 1.23 1 Quebec Manltou United Feb 7% 4,000 10 Preferred > 11c 11,700 1 Quebec Gold 21 %c Feb Jan 4c 1 common Jan -1 Fuel class A Class B preferred 5V2 46% Feb 2.99 24%c United 1 1.20 46% 21% Feb Mining United 7% 13c Feb ' Class B Jan 49.900 7A Feb 2.25 7 Exploration -Preferred Union Feb 20% ..United Corp class A Jan Feb 22 108 Mar 355 Union Gas 26 %c Jan Feb • 106'A 20 Va Mar 102 18,650 -II Transcontinental : 140 Jan 2.42 Transvlsion-Television Jan 1.48 1 Mines *" 17% Jan 100% Feb *80 29 Tower Petroleums Traders Finance class -A ; 2.05 4c Z_1 Purity Flour Mills South am Jan 20c 8,500 9,400 6 1.42 1 Preston. East Dome South •: 1.80 ' 4C • Dairies Feb Feb 5% Mar 5,150 1.46 1 ___: Metals Silverwood 11% < ...Jan Feb Jan 1.54 Gold Towagmac Jan Jan lOc ,1 * Corp trust 11'Ac .,9%c 10 , 165 Voting trust certificates Breweries Jan 1 Powell Rouyn Gold Voting Feb 7c 2,071 1.95 7c 1 Sicks' 6c 63Ac Feb - 100 20% 16% 12 %C Jan 5c t 210 72c. 5c Toronto Iron Works Class A Feb . ; 900 4.40 • Sannorm . 7c River Power Mar 4%c 12c 1 Industries Jan •* 8,150 4.20 lOc Gold Long Jan 2.80 1.12 ig 1 Silk 70c 17'A 5%.,Jan , Feb 40c Torbrit Silver Mines Toronto Elevators ,4c ■y 24,500 7c Oil Textiles 19c Jan 2.58 Mar 39,500 * i3C Porcupine Reefl Gold River 10c 4 20 Ltd Jan 60c - Feb 65c 22c Tamblyn Ltd common Taylor Pearsoni common 5% 1 * Mines r 4% 9,200 20'A 2.63 Toburn Gold Feb Feb *45 72c 2.30 Mines Jan 71 5% 20% River Tombill 434 High 2.31 ' Feb 1.18 15c *■. 10,500 __ZZ_ZZl Zl Powell Sand 4.VaC 8e -9'Ac7JAc. i)J4c, lO'A 10'A 5 'A 5% 7'A 1.89 Saguenay 11.840 10V4C IOV4C n%c St 46,125 1 Mines. Oils 910 64c 2.70 f Jan 60c 129 71/ 1 Roxana Jan 4c Jan 4c 129 • Rochette •66'A 4c Piccadilly Porcupine Roche 2,555 2%c Jan 40c 33 Low 102 102'A Teck-Hughes Gold Mines Thompson-Lundmark J Tip Top Tailors Feb 7% Pickle Robertson 70 19c 3 %c Bioneer Gold Reno Feb 3i^c Gold Renfrew 1.07 4y4C Paymaster Consol Riverside 200 • Malartic Power 101,300 18c 2 Partanen Malartic Pressed 2,000 •56c 1.08 25c Tubes ( ■ Jan 20 Ve - 1.87 Cadillac Crow - 3'Ac 23c 1 Porcupine Western Perron 13c 1.73 * Petroleum Paramaque Jan 1.82 ~1 ZZZZZZIZl I Lake Pacific (Eastern) Farbec 9c 17 VaC Osisko Lake Mines Osulake Mines Pandora 875 jgc 50 Orenada Gold Pan Jan Jan 1 74 Orange Crush Jan '4c 10'Ac • Loan 5c Jan Jan __1 "I Omnitrans Exploration Ontario Beauty Supply preferred Pamour ioy„ ./ 5ya _ Malartic Pacific u 1 Gold Feb 3c 7%c 8c 5 Oils 3c 8c 4c 20% 7_, Sylvanite Gold Mines Taku a _•* ; 3,500 Jan Feb 27% 16%. Superior Oils Ltd . 16% 60 70c common. w Jan 33 . Jan 8 Ac 6,500 • 9^" •• : Ogama-Rockland 4c 88c Feb 5,700 2.58 1 i) tw preference 3:3% 70c 5'4 16% Suliivan Cons Jan 3 Ac GlC' 2.6O 1 ____ Mar Jan ~19c i Mines 60c 6'Ac 69% 62'Ac Gold Canada 2,750 101 101% * Steep Rock Iron Mines Sturgeon River Gold i • Jan 50c . 1 Gold 73c 50c 1.08 - Feb 8Ac 10%cl0%e -69% New Jan 48c Feb 4,100 3c of 16% 33 Feb Ac 1.32 8c ~~ Oo High 15% t-mm Preferred Jan 3 Ac 1 Mines North Star Oil common.. 35c 24,450 7c 3'Ac 1, Northland 3,492 78c ,, "• " _ 43c 68c oy"! . Olsen Range Since January 1 Low Surf Inlet 6 Ac 52c Gold Mines North IncaGold Page 43c 3y4C . _ 3 Jan 72c Starratt 21 % Mar Mar ZZZIZZ* __Z_Zl Mines Orlac Red 66c 31c „• Norseman Ontario 33,900 Z* Mines Normetal Mining O'Learv 103'A 101'A 36,025 1 , Nordon Corp Omega Jan 40 73c __1 * Okalta 1.68 41c _• Nipissing Mines Noranda Mines Preferred Feb 37c 1 - O'Brien Jan 1.41 66c ZZl Yellowknife Norplck 19'A 5,282 73c 1 Pacalta Norlartic 1,360 1.52 38C 1 Thurbois Nicholson. 21A 1.46 1 Nor zone New Nib 20% 101 % 102'A 1 Z_IIIl Jan New common 21V2 1 ___ Sbares Stedman Bros 3,000 1 Gold for Week 16 28'A Mar 102'A Mines New Feb Standard Paving common Preferred Standard Radio class A 28% Z.50 Newnorth Gold 11% ; Feb 28 • Newlund Mines "New Jan 100 _ New Jason Marlon 10% Sales Range of Prices Par Jan 9'A 28 Dickenson Mines New 150 37 • _ New Goldvue ' Jan 11 High Feb 8% * preferred Calumet 34 A 200 Week's Last Sale Price STOCKS io34 Bidlamaque New New Low 50 9'A n . * B Car iWm) 3 Friday 36% 91/4. Negus Mines _Z Neilson MARCH Range Since January 1 High 30% __ 20 Petroleum MARKETS ENDED 7T common Hosiery class National Low 5 Preferred National Shares 5 National Grocers LISTED WEEK for Week * com Preferred National Range of Prices Par Breweries common___ National Drug FOR Sales Last Sale Price i RANGE 5 j_ 18% 18'A 18% 715 17% Jan 18% Mar * 23% 23% 24% 125 22'A Jan 24% 19% i97/o 25 19% Mar 5.30 5.30 5.45 1,820 5.30 Mar 68 * 1 • 20 6.00 Feb Feb Jan 67'A 68 110 63% Jan 69 % * 42c 43c 125 41c Feb 42'Ac Jan * 30c 30c 800 32c Jan 40c Feb 6'Ac 6'Ac. 600 6c Jan 8c Jan C0c 60c 500 57c Feb GOc. Feb 1 .1 „ Jan 38 COMMERCIAL THE (982) & FINANCIAL CHRONICLE Monday, March 6, 1950 OVER-THE-COUNTER SECURITIES x Quotations for Friday, March 3 , Obligations Of Government Agencies Investing Companies Mutdal Funds-— Aeronautical Securities Affiliated Fund Amerex Ask 1 5.92 6.49 1% 10 4.30 33% 4.65 35% ______ Inc_ Holding Bid Par Corp _l Axe-Houghton Fund Inc Axe-Houghton Fund B 3.93 8.09 15.43 Par Bid Mutual Fund—♦ Second Fund__10 Managed Funds— 98.67 100.68 47.87 48.85 Mutual Funds— Loomis Sayles Loomis Sayles 4.26 —1 5 American Business Shares 8.75 16.77 3.49 3.78 4.45 3.33 3.67 1 6% 7% Electrical Eqiupment shares.lc General Industries share3__lc lc 3.74 4.12 Blair Holdings Corp___ Bond Xnv Tr of America 1 2% 2Vo Non-Ferrous Metals lc 3.14 * 97.99 shares lc 3.94 21.58 lc 4.01 102.07 23.33 Furnishings shares Paper shares Petroleum Bowling Green Fund Inc 10c 4.17 17.28 Manhattan Bond Fund Inc„10c 7.47 32nds of more point a Bonds— Bid Ask 1%S May 1952-1950 99.22 1%S Jan. 100.2 1, 1, 1953-1951 99.28 100.2 2%s Feb. — 1, 1955 1953 101.28 102.2 100.3 100.7 Other Issues 19.46 28.55 38.12 40.99 Mass 12.81 99.26 14.23 15.47 16.47 1953 1, "100.2 100.5 -1-18% 1961 119% 1%S Oct 1957-1955 l, — 13.85 14.90 l%s Feb. Panama Canal 3s 30.86 1 Central Bank for Cooperatives— 8.19 1 Fund Ltd 9.30 Steel 1 15.43 16.68 100 4,220 4,370 Preferred ,_100 137 142 Commonwealth Investment 1 5.88 6.39 Delaware Fund 1 X14.42 15.87 Dividend Shares —_____25c 1.58 1.73 Fund Chemical Christiana Securities com Howard- Eaton & Balanced Fund Fund' Stock 1 Industrial Fund Inc-1 10 Boston Corp—_ First Mutual Trust Fund 1 4.11 Bond lc 6.14 lc 5.40 5.92 2 15.38 Fundamental investors Inc 16.85 1 16.70 53,75 General Investors Trust———1 5.13 lo 7.10 :—lc 6.40 6.39 shares lc 7.87 shares lc 6:63 10i26 __lc 7.70 shares Industrial Machinery shares lc 7;17 institutional bond shares-—lc 9.39 8.67 6.01 lc lc 8:76 5.10 lc 7.50 Railroad Bond Shares— lc 2:50 2.76 RR Equipment Railroad stock shares lc 3;71 lc 4.73 5.20 lc 5.07 5.57 lc 4.69 5.15 ac 6.20 6.80 — shares Petroleum shares Steel Tobacco shares Utility shares Howe Fund 1 4.54 4.91 Income Foundation Fund____10c Plan Inc 1,80 1.96 Incorporated Investors—^t.ii.5 25.14 23.24. Institutional Shares Ltd— Aviation Group Group shares Investment Co America of Investment Trust of 1 90c 1.12 1.24 12.74' 1 8.55 9.37 15.13 15.48 (Investment B1 Bf2 Bonds) 1 27.53 1 24.26; 1 17.19 Bn3 (Medium Grade Bds) (Low Priced Bonds) B-4 (Speculative Bonds) 1 9.92 28.79 * 26.46 18.76 16.15 S-l (Quality common Stks)_l 1 29.90 32.62 15.75 12.67 13.82 S-2 S-4 (Income com Stocks) (Low Priced com Stks)__l Knickerbocker Fund Trust Lexington _________l Fund 25c Dated Bid bl 30 1.15% 1.35% 8-1-49 5- 1-50 bl.30 9- 1-49 6- 1-50 bl.30 11.76 12.89 1 8.99 9.85 1 11.99 10.87 3-50 bl.30 1.30% 11- 8- 1-50 bl.30 1.15% 1-49 12.36 * 4.13 American Alliance American Automobile „— 11.23 13.23 14.50 1 10.20 11.18 i'—1 11.15 12.22 i—1 8.51 9.33 Mar. 16, 1 15.32 16.79 Mar. 23, 1 10.93 1950_: April 6, 1950— April 13, 1950. Public utility 1 8.60 9.42 1 5.70 6.25 Bid Mar. __■ 1950- bl.14 1950- bl.14 American Casualty 1.08% bl. 14 bl.14 6.96 8.42 1 11.67 15 22 1 16.12 17.33 1 2.52 value).* 52.95 52.95 2% 11.25 12.17 Bank 21% 22% Bank of New Trading (Geo) Fund Investors Fund Putnam Republic .Fund Inc (net asset Paf' Selected Amer Shares Shareholders Trust of Boston—1 Sovereign Investors Street Television Trusteed Union 1, Investment Fund 6.20 Corp.** 6.79 New & York Fifth Bankersr Trust Brooklyn 1 21.87 Series B 1 18.44 C 1 20,09 __ Union Preferred Stock Fund 1 I 7.48 United Income Fund Shares 1 10.19 11.03 Investing Corp Wellington Fund l 10.65 10.86 1 18.41 20.09 Whitehall Fund Inc 1 17.25 18.55 Wisconsin Investment Co__ 1 3.77 4.08 Chemical Bank & Trust Trust 7.73 8.90 1 2.21 2.51 1 3.98 1 2.33 North Amer Trust Shares— —— —20 ____! Bank Trust & Trust National Irving Bank Trust Par Bid 36% Trust 105% 10 Maryland Casualty common.. -1 $2.10 Prior preferred 10 $1.05 Convertible preferred. -5 20% 21% 51% 54% 26 Fire National American Re-Insurance 34 36 National, Fire American Surety 25 63% 66% National Automobile 10 60 % 63% New New 31% 33% Bell Telephone of 9% 10 Union 65 68 Chic Fire 5 New Yorlr Fire. 62 % 64% 23 24% North 76 79 37% 2 10 Northern 41% x46 ___j._5 River 39% 43% 48 19 % Northeastern Ins Co 20% 26% 2.50 12.50 27% —3.33% 73/4 5 17 Phoenix 10 65 64% : — Preferred Accident 91% 94% Reinsurance 22% 23"% Republic General Reinsurance Corp—_10 Glens Falls 5 30% 32% Seaboard Surety Corp (N Y) (Texas) —5 13% 14% 16% 18% 95% 30% __10 *106 5 32% (New Haven) Springfield Fire & Marine Standard Accident — U Hanover Fire 10 35% 37% Hartford Fire —10 121% 125 % Hartford Steamboiler _10 37% 39% Pac & —— 1979: 1979 S Guarantee Westchester Fire 37 10 - 37% 39 Bank—100 295 Mellon Natl Bank & Trust™100 59 % 282 302 37 39 Peoples First National Bank & Trust 431/2 .47% 20 61 y2 Portland 278 272 49% 93 First 96 43 % National Bank 12% 8iy2 20 62 % 65% of Amer NT&S A—12% 53% 55% 45 % United Bank Natl San Francisco gs/8 695' 665 States 94 Bank Security Issues 101V* 103% -1980 Duke Power 27/sS 99% 54 lo 10 110 34% 103% 57 38 - 40 47% Pwr Par pfd $2.20 4.28% Hartford Power & Electric 56% 52 ' 52% Light— 100 3.90c pfd„50 103% 103 5% % pfd_30 Kentucky Utilities $4.75 pfd_100 99% 99 iooy8 Maine Pub 100% N 104% 104 _1979_ Serv $5.50 pfd 20 106 Power United Gas 52 37 38 101% 102% 19% 20% Y State Elec & Gas— 4%% pfd (series Penn & Light— Pub .1979 2%s 104% 104 Corp 2%s— .1970 1949) 100 Pwr & Ser 1st pfd—25 Lgt 4 % % (Colorado) pfd__ 100 106 4.40 104% 105 J/4 102% 103% : , Par 101 101 Va Bid Ask Blackstohe Valley Gas & Elee— * $4.25 4.75 % Rochester Gas Hudson Gas preferred & — Elect 100 San 100 107% 107%. 28% 108% 131%. & Island 108% Elec— 100 106 ? ; Diego Gas & Elec— ' preferred Sfeaten 2(1 21% 22% Edison— preferred 100 107 108% 10U 108% 109% 106% Tenn 105 107 pfd_100 $4.75 preferred series G 4.90 % _100 .105V2 preferred 28% - Pub Serv of Okla 4.65% 101% - redeemable $4.80 4%% Central 107% 51% Pacific Gas & Elec Co— Service Co 2%s_.—. -1969 mortgage Ask 55% « preferred. 104 Bid * — " Gas Transmission— $4.65 preferred 49% 10 40 42 100 450 465 4 54% 65% 10 81% 85% 22 23% 2 & preferred Delaware 106% 18% Gas 1980 7% 12% $2.04 RR— Lgt & Power 2%s__ -1984 1st 6% 33 Lt Conn 103% 103 37% 2 Stocks (Continued)— Ask 100% Niagara Mohawk Pow 2%s Public Serv of Indiana 3s_ .1979 Tenn Gas Transmission 3s_ .1969 5% Fidelity & Guaranty C0__2 U S Fire U. S. 35% Pittsburgh Farmers Deposit Natl Iowa Southern Util 2%s _1999-i Commonw'lth Edison included in year's range). bBid yield price, d Deferred delivery sales (not range), e.Ex-interest, f Flat price, k Admitted to listing on N. Y. Stock Ex¬ nAdmitted to trading N. Y. Curb. rCash sales (not included in year's range), tExliquidating dividend. (Un) Admitted to Unlisted Trading privileges. wdWhen delivered. wi When issued, x Ex-dividend, y Ex-rights, z Ex-stock dividend. a — 16 National Bank of Detroit 104% 35% 10 Security Travelers Bank 31% 330, Detroit 22 Indianapolis Pwr & Lt 2Vss .1979" 103% 100% —15 30 315 34% ~8% 10 10 St Paul Fire & Marine — 27/ss Island Stocks— 5 20 100 105% 5 Providence-Washington 10 Bank Co Trust National City 103% 63 69% Globe & Rutgers Fire common_5 Cleveland 109% 105 140 10 62% 2nd preferred __— American Rock Kansas 25 10 54% 630 102% 118 38% 10 Great 27/8S_ Power Oregon Central Maine Power 27/ss_ Federal Globe & Republic— Calif Conn 10 52% 610 46% 315 Pa 3s— -1974/ 105% 34 Employers Reinsurance of Frisco 350 1, 480 1979 Associated Tel 27/8S 34 87/a Pacific Fire Newark 335 2Q 1971 Amer Tel & Tel 2%s 32 Pacific Indemnity Co Peerless Casualty Co of 100 100 19% 100 (Detroit)—10 Amsterdam Casualty Hampshire Fire 5 Fund Harris Trust & Savings Northern Trust Co Bid 32 105% 69 66% 233 106^ 28 % Recent -5 -4 Casualty 92% 225 1, 300 306 ' Bonds— -5 Assurance Mfrs & 22% Fireman's & ?. 95 100 Central'National 25 - 91 Trust——12"" 8% Trust Ask 220 Illinois National Bank & Trust—33% 27% 21% Firemen's States 210 First National Bank- 7% 20% 25 * Guarantee 100 36 Bank & Trust_17% •; 109 % 18 10 city Natl Bank & Trust 663/4 106% 20 York Trust Bid Chicago - (J P) 52% Merchants Phila— Par 28% 100 1,450 25 ' 411/2 Co Companies Ask 38% America- .10 Massachusetts Bonding of 1.08% Ask -5 16% Assn 1.10% 6% 10 : Manufacturers .20 Casualty__5 American of Newark 2% Fire bl.14 ' 100 1,240 County Trust— Lawyers Trust United Merchant Fidelity & Deposit of Md 1950 64% Guaranty Trust _: _100 Industrial Bank of Commerce-10 Title Home 40 1, Cleveland 10 ~ 32 % Kings Companies 18% 38 1.10% June 52 • 1 Exchange Bank & Trust-20 County Trust Co (White Plains, N Y) 16 Empire Trust 50 First 2.50 Independence Trust Shares 28% 77% * bl.14 50 44% Com Fiduciary Diversified Trustee Shares- 27% Employees Group Assoc 1950 bl.14 —_ 159 154' —10 Co. Stamped Federation Ask 72% 25, Continental 103 _15w Bank- Continental Bank & Trust— Type Trusts-"- 74% 69% 1.08% May Commercial National Bank & Union Common Stock Fund Series E —100 Trust Chase National 6.50 Jersey Insurance of N Y 36% 1.08% bl.14 1950 1950 18, 1950 1.08% 27% 48 Central Hanover Bank & Trust 20 Insur Co of North ___ bl.14 4, 11, 348 10 12.33 67 Continental Casualty _10 Crum & Forster Inc.———10 1.08% " 100 57.50 Series 1956 —10 bl.14 1950 1.06% 'Bid >: > 83c 1 Series 1955 York Avenue series A Bond Fund Unit Co—lO"* Manhattan the of 74c 17% Camden Fire Ask 1.08% 27, May - 54.50 11.31 257/a Connecticut General Life Bills May ■ . Shares.—25c Inc Industry 2.73 25 1.15% bl.14 Banks & Trust Scudder, Stevens & Clark 5 Bankers & Shippers Boston bl.30 20, 1950 2.76 & 68% 10 1-50 12.79 5 Tobacco Petroleum 66 American Fidelity & 12- 9.23 2.50 * 1-50 May 6.35 Equitable Assur_____5 American 1.15% 3- : April 1.08% bl.14 Mar. 30, 1 Series 55 1.15% bl.30 Bid 1.06% 1 65 4 bl.30 1-50 April 1.02%. Steel 5.55 27% 2-50 11- Ask bl,14 9, 1950— Railroad equipment 5.45 25% 1.30% 11.98 — 97% 10 10- 1-50 United Stales Treasury 10.25 1 s*ock 10 —25 — 3-50 2- ■ 4.53 11.50 10 Agricultural Ask 1.15% 1- 1.30% 1.15% 10.49 10 Life 1-50 11.53 11.28 7- Sterling- National Casualty & Surety 9- 13.14 —1 1 10-3-49 New Aetna Bid bl.30 Due 1-49 1.30% 1.30% Public Nat'l Aetna Dated 12- ;;f: 1.15% 1 stock & Co Inc 100 National City Bank —12% Aetna Insurance — .9859 —_ 1.15% 1.35% 5.08 Bid 99.9695 1,1951 1.30 '/c 8.59 Morgan Par .9883 Rate 7.29 4.97 Insurance .0418 99.9769 1,1950 ll'/esjan. Ask 3-50 Due 4- 1-49 7- 11.08 Railroad 17.19 S-3 (Appreciation com Stks)_l .0384 100.0100 Federal Intermediate Credit Bank Debentures 7.84 Pacific Coast Invest Fund 26.04 .0307 100.0288 tl'/e-s Oct. 100.7 6.65 17.62 23.87 100.6 — 10.11 10.83 K-l (Income pfd Stocks) 1 K-2 Appreciation pfd Stks)_l * 1955 100 1 Oils 11.06 Keystone Custodian Funds— 99.31 1 Metals 13.96 10.17 1 %S Marchr 15, 1.55% Wall Street Boston—l Investors Management Fund 10.40 9.49 82c 1954- 15, 1 State shares—__lc lc Insurance Group shares lc Stock and Bond Group lc Bank IQ'0.0235 1,1950 1,1950 7.27 Inc— 4.08 shares- 1 Machinery Merchandising 8.22 Merchandising shares Mining shares .0241 1,1950 fl>/4 S.July 100.1 100 17.13 Insurance 9.16 5.60 shares-—- 1%S March 4.49 15.93 1,1951 preferred stock—1 Electrical equipment 1 6.59 Priced Low 1100.0061 tl%s June Jll'sS Sept. 15, 1950 4.07 4.11 Diversified 9.50 lc 3.72 Diversified Investment Fund-l 9.86 Investing Company shares—lc 6.65 Corporate bond series Diversified Industry 7.86 Ask Indebtedness— 5.32 4.87 1 Building supply 8;44 bond 100.1 Bid of tl%s, Apr. 3.33 Chemical 8.04 General 100 Bank 5.51 7.33 1951 Aviation 11.24 5.02 Fully administered shares—lc 1, July Automobile 7.27 Electrical Equipment shares-lc Food shares lc 1%S Agriculture 8.63 Chemical 100.6 4.82 3.05 1 York Stocks 7.01 —lc Building Aviation shares 7.54 4.41 1 New Group Automobile shares 6.90 100.5 Rate 7.02 Securities— Agricultural shares 7.19 1 , England Fund 7.79 Inc Corp. 6.58 1 Series Series New 5.55 Fund Capital 1 Series Low Priced Com Stock Series 1 57.80 Industries General 7.57 Industrial Stock Series 18.05 —1 Gas 6.93 Maturity— Certificates 1950 10.68 Selected Group Series 6.73 series. Ask 1, l%s Oct. Stock Series 6.04 stock series! stock Common 15.39 9.88 1 Stock Preferred 14.34 1 1 Speculative Series Franklin Custodian Funds Inc— Preferred 1 series Income Dollar Price Bid Maturity- Treasury Notes— 1%S April Securities— Low Priced. Bond 33% 5.44 1 Balanced Fund 2.18 31% Boston Inc—1 of Nation-Wide 30.26 1.98 Inc.l National Investors Corp National Security Series— 4.32 27.99 Fund Fund 2nd Mutual Invest Fund Inc 20.09 20c 5 Equity Fund Inc Fidelity Fund Inc Financial First 18.79 interest__l beneficial of U. S. Certificates of Indebtedness Trust— Investors Mutual 29.89 1 __— ___■ 27.96 shares Investors Mass Ctfs Century Shares Trust- ' 100.3 100.1 ^100 or Federal Land Bank 4.60 5 9.31 18.68 21.32 lc Broad Street Invest Corp " one 4.42 Bullock V Ask Bid 4.34 Inc__—___—__1 Fund Boston ' 15, 1950 15, 1951 3.47 Home j" £ — 1.35s Sept. 4.17 4.04 Beneficial Corp •> Federal Home Loan Banks— 3.85 Equipment shares.lc Business Figures after decimal represent Ask l%s Feb. lc shares Automobile , 56% 68% Odd lot sale (not Included in year's change •No par value, fin default. tThese bonds are subject to all Federal taxes. «v\ Volume 171 Number 4887 THE COMMERCIAL & FINANCIAL CHRONICLE (983) THE COURSE OF BANK CLEARINGS '4 Bank clearings this week will show Preliminary figures compiled by us increase an based Cities of the country, indicate that for the compared with telegraphic advices upon a year from the ago. chief week ended Saturday,. March 4, clearings for all cities of the United States for which it is possible to obtain weekly clearings will be 5.1% above those of the corresponding week last year. Our preliminary total stands at $14,842,462,556 against $14,126,981,340 for the same week in 1949. At this center there is a gain for the week ended Friday of 7.7%. Our comparative summary for the week follows: it • • Clearings—Return by Telegraph Week Ended Mar. 4— 1950 New York 1949 : $7,160,136,630 624,838,582 + 17.6 933,000,000 + 3.8 464,208,243 454,526,240 + 2.1 Boston I — Kansas City ( * ' St. Louis 1; i_ ) + . 324,044,615 222,757,524 — cities, one k. + Total 6.9 Complete in (7 Saturday and Accordingly, in U West In we the We cannot to give final and 12.7 clearings at this ing to the 1949. center Federal was an Districts a in we has to be estimated. present week press. further below previous — the week $12,606,272,729 against $11,674,483,373 this city there having recorded Reserve the cases week going to increase of 8.0%, the aggregate of clear¬ amounted to Outside of of time of was gain of 13.1%. which they gain of 3.1% a the bank We group the cities accord¬ are located and from this it (including this city) the totals show a gain 12.8%, in the Boston Reserve District of 7.7% and in the Philadelphia Reserve of District of 4.2%. but in the In the Cleveland Reserve District the totals Reserve District the totals are Richmond Atlanta Reserve District by 4.1%. of 0.5% and the ari decrease of 7.6%. a improvement of are smaller In the of 13.7% but Kansas the St. Louis 2.5%, in the Dallas Reserve District of 6,210,779 265,167,160 cities) 737,673,643 following we fuAish a there is 14.6% and in -•* the '% San **»•<■ Virginia—Huntington Week Ended Feb. 25— summary by Federal Reserve Districts: Federal 1950 Reserve Districts $ 1st Boston 12 2nd New 3rd Philadelphia 4th 2,238,659 9th 11th 770,694,829 6,420,255,503 4.2 800,171,968 4.3 723,689,940 831,664,994 + — 957,665,224 355,087,520 + 6.3 306,821,129 601,329,029 + 4.1 560,101,054 613,071,582 867,760,568 805,995,901 802,286,067 + 0.5 — " 414,447,374 448,566,036 7.6 385,460,574 7 " 441,044,130 320,680,448 281,979.051 +13.7 286,787,633 10 " 399,345,166 335,003,506 389,733,773 + Dallas 6 " " >*' our 452,003,835 241,169,324 259,749,116 660,347,959 7.0 + 12,606,272,729 11,674,483,373 ■,+ 8.0 5,966,842,945 + 3.1 714,845,619 12,103,876,691 6,149,367,113 5,907,532,005 City— add 394,334,919 626,953,012 670,624,328 112 cities 2.5 259,991,688 *' +14.6 297,945,811 10 Francisco now showing the figures for # 15,339,961,800 each $ l—1—— 1,281,439 Portland-i—^ 1948 3,454,573 5,7)94,431 255.484,870 302,206,200 4.3 770,694.829 723,689,940 831,664,994 2,330,557 2,585,230 2,351,017 10,525,000 123,640,063 3,352,262 207,192,121 3.9 — 377,518,146 355,087.520 (6 cities) Sixth Federal 14,827,947 Nashville 1.4 9,577,000 1.6 102,427,092 2,708,340 137,340,286 — — + 10.5 52,183,181 49,099,392 6.3 306,821,129 396,159,855 + 14,746,371 69,026,317 0.5 14,184,720 22.9 15,063,673 53,901,042 220,400,000 223,700,000 2.6 — 3,495,892 3,134,717 3,555,608 —11.8 96,666,427 82,014,332 + 17.9 88,847,107 83,781,435 4,903,924 5,592,365 326,893 314.070 111,214,381 111,641,264 626,097,148 Macon — 601,329,020 i. Florida—Jacksonville Alabama—BirminghamMobile Mississippi—Vicksburg—. Louisiana—New Orleans. Total (10 cities) Seventh + + 240,000,000 3,449,435 Augusta 56,187,692 233,700,000 Georgia—Atlanta Federal Reserve 1.3 6.0 l 1,577,326 1,545,886 3,531,868 3,968,538 7.3 388,241,566 1,363,696 + 17,K 1,535,415 759,281 1,606,906' 760,550 1,561,928 + 0.2 Connecticut—Hartford 19,403,054 New Haven.— Hampshire—Manchesterl"l— 2,857,442 2,762,323 80,002,071 73,501,191 —12.3 Blnghamton 2,119,300 77,229,468 368,312 373,221 106,019,652 124,362,713 + 4.1 560,201,054 613,071,582 969,313 9,293,478 4,142,684 4,442,596 3.2 43,966.000 5,585,252 41,875,000 5,542,431 + 28.7 2,199,612 2,470,353 —11.0 54,005,989 Terre Haute I,451,858 1.6 7,132,123 Wisconsin—Milwaukee 3.9 + 14.3 45,083,000 Iowa—Cedar Ranids + + 4,330,093 4,301,919 South Bend 933,162 8,658,626 46,927,865 + 15.1 — '+ 2.5 tl t 71,815,425 2,952,172 + 6.7 51.460,813 3,233,582 22,659,826 12,774,793 + 4.1 25,279,779 < 627,637,380 2,363,983 8,614,618 - 11,975,276 842,093 621,511,305 2,388,033 '• Chicago Decatur +15.9 4,163,479 5,538,383 0.1 19,185,857 26.261,536 9.2 9,862,701 9,801,668 :+ 22.7 19,649,400 24,405,500 — , .— -1.2; '+ 7.7 9,370,063 — 946,004 4,150,510 II,939,109 988,719 1.0 687,880,860 13,025,260 + 17.1 Rochester Syracuse Connecticut—Stamford Jersey—Montclair Newark Northern New Jersey Total (12 cities) - •• 1,095,36ft 2,403,620 8.1 2,588,005 — 9,943,976 4,574,368 10,594,189 802,286,067 5.5 + ' 456,976,120 547,513,524 32,314,833 42,869,633 2,098,433 + 1.0 2,386,953 2,874,158 + 9.9 67,267,644 86,107,486 1,296,559 1,709,658 1,077,084 +42.5 1,382,922 + 6,456,905,616 5,707,640,428 16,846,115 15,850,883 10,830,507 8,809,489 12,491,160 13,328,387 607,169 606,239 33,059,749 32,125,555 43,849,537 47,754,222 6,672,212,343 4,565,688 1.9 2,773,522 3,413,523 0.5 + 867,760,568 986,061,767 Louis— Missouri—St. Louis 220,800,000 133,854,920 83,921,049 Tennessee—Memphis Illinois—Quincy 232,800,000 108,172,974 Kentucky—Louisville 80,420,939 Total (4 Ninth 1,553,351 5.2 207,200,000 19.2 100,915,294 + 4.4 75,654,897 + 4.2 1,690,383 1,874,882 7.6 385,460,574 441,044,130 — — Federal Reserve 448,566,036 233,600.000 1 109,462,120 96,107,128 District—Minneapolis— Minnesota—DuluthMinneapolis 5,015,450 4,602,405 213,443,410 181,759,025 82,856,853 77,338,406 5,663,576 St. Paul North . 1,490,177 414,447,374 cities) 5,689,605 Dakota—Fargo 9.0 4.179,933 + 17.4 4,692,040 7.1 193,952,565 72,421,462 231,609,421 0.5 4,542,230 I- + 2.687,720 2,660,778 + 1.0 8,843,442 2,982,349 7,116,970 + 24.3 6,104,935 79,878,745 5,671,619 3,098,097 2,771,698 7,281,886 320,680,448 281,979,051 + 13.7 286,787,633 335,003,506 South Dakota—Aberdeen. 2,169,997 Montana—Billings Helena 2,811,862 — —22.8 2,604,159 Federal Reserve District—Kansas City- Nebraska—Fremont Hastings - 447,724 450 000 — 0.5 326,428 Wichita 5,604, 989 101,243, 516 6,193,509 Omaha 492, 981 5,537,992 106,529,116 7.790, 493 —20.5 9,402 059 + 23.8 11,636,441 256,203,378 Missouri—Kansas City— St. Joseph 252,501 624,691 411,579 —33.4 446,495 1.2 454,164 5,187,224 5.2 103,776,129 7,019,911 121,398,631 — + 912 1.5 5,118,868 8,551,287 5,927,934 10,081,747 259,154,999 2,095,718 2,091 ,178 0.2 1,686,261 1,845 343 8.6 1,354,729 293,560,599 10,122,926 1,613,568 1,412,776 399,345,160 389,738,773 + 2.5 394,334,919 452,003,835 + 8,686,593 Colorado—Colorado Springs. Pueblo Total (10 cities) 8,316 ,302 4.5 8,416,038 1,704,459 Eleventh Federal Reserve District—Dallas— Texas—Austin 5,914,455 Fort Worth 5,913,946,547 7.1 +13.1 1,609,447 2,342,098 6,196,344,686 8,550,279.993 6.3 15,000,127 17,970,907 +22.9 10,555,470 11,334,576 — 6.3 9,878,929 9,652,410 + 0.2 584,494 + 2.9 35,219,067 32,257,121 8.2 47,797,294 47,397,664 .+ — +12.8 6,420,255,503 9.3 5,920,286 218,763,549 + 14.9 6,053,153 22,831,218 200,422,000 19,457,741 + 17.3 215,503,000 19,638,885 9.4 21,61-6,584 4,666,000 + 36.9 2.0 2,942,316 7,579,837 4,989,000 3,034,379 8,653,000 +14.6 241,169,324 259,749,116 .. Galveston 5,229,000 4,639,651 Federal Reserve Yakima District—Sam 3,388,065 97,512,275 2,555,060 Utah—Salt Lake City California—Long Beach Pasadena_ . + — Francisco— 2,809,813 116,465,126 Oregon—Portland San Jose 259,991,688 98,864,928 1 San Francisco 8,190,444 297,945,811 Washington—Seattle 4,781,000 8,027,217 Total (6 cities) Twelfth 5,410,889 251,304,270 Dallas Wichita Falls 70,247,645 1,535,259 New York 15,359,853--• 1,287,160 769,505,829 1.0 — 106,085,585 42,914,479 10,797,604 47,159,043 13,758,827 10,728,742 362,694,523 + 1.4 94,903,618 9.1 105,751,278 3,299,519 + 9.8 119,851,096 + 9.9 40,657,319 4,171,388 100,831,152 47,960,874 — + 27.4 + 31.0 6,614,869 6.6 367,380,020 9,894,882 7,889,011 417,810,532 10,693,251 8,736,468 8,410,680 Stockton 8,572,732 1.9 9,396,249 3,683,457 7.4 6,250,931 Santa Barbara 2,885,895 6,050,918 3.3 3,358,124 6,863,355 6.485,127 382,944 Total (10 8,805,178,648 8.496,019 8,188,517 340,337,632 cities) 670,624,328 Grand Total (112 cities) Outside New York ■"Estimated. JNot available. 626,953,012 7.0 660,347,959 714,845,619 12,606,272,729 6,149,367,113 11,674,483,373 8.0 12,103,876,691 5,966,842,945 3.1 15,339,961,800 5,907,532,005 6,789,681,807 + , 4,104,291 27,096,600 + 2,376,835 805,995,901 6.3 —11.0 — 3,933,880 2,331,865 Louisiana—Shreveport. 1,480,815 Jamestown 5,086,329 ' 3,150,944 Illinois—Blooming.ton 5,849,518 5,531,247 47,947,000 4,933,948 23,594,913 Des Moines 1,356,917 9,924,193 ♦ 7,284,712 434,261,932 * 93,815,538 7,612,691 6,104,301 4.1 — 4,949,853 Lansing Indiana—Fort Wayne Indianapolis York— Buffalo Elmira— 5,923,819 23,965,400+.;.^ 19,539,ItjO 15,257,648 3,698,093 3,173,614 83,950,238 0.4 + 8,794,535 Grand Rapids 1,636,508 1M 9,575,519 •„+ 467,624,428 Federal Reserve District—New York—Albany 1,432,182 + 999,4011,011,620 Total (12 cities) 790,960 +14.9 19,419,036 10,452,023 —+ 1,539,633 3.994,017 4,630,446 , 463,386,804 1,359,402 6,760,694 . 777,147 " 5,980,852 , Springfield— Worcester—: $ 7.5 ■ 57,321,801 District—Chicago— Michigan—Ann Arbor Lincoln $ + 3,015,709 4,706,568 Reserve District—Atlanta— Tennessee—Knoxville Kansas—Topeka 366,799,777 . 1947 — 2,788,921 River———— Island—Providence 3,720,777 1.6 — city for the —11.3 393,413,666 New Bedford Second or Dec. % 25,023,200 0.9 — + 19.5 Tenth Inc. 1,443,923 Lowell Rhode ' 7,214,752 180,819,063 308,240,638 7.3 + 6,312,293 286,180,653 + 10.1 6,789,681,807 , District—Boston— Massachusetts—Boston Flail 1949 $ Maine—Bangor—+ 9.2 — 4,250,581 2,711,392 Week Ended Feb. 25 1950 at— First Federal Reserve 30,357.100 58,441,584 Total (7 cities) detailed statement week ended Feb. 25 for four years: Clearings 157.452,939 267,378,608 28,196,500 986,061,767 " 4 A 6,361.815 5.2 0.8 — 175,782,079 396,159,855 626,097,148 — Outside New York + 28.3 — 64,594,303 Columbia—Washington 547,513,524 8,805,178.648 ' " Minneapolis We 737,673,643 + 12.8 377,518,146 17 Total— ! 789,648,889 6,010,517 957,665,224 $ 456,976,120 " Louis 12th San 5,768,073 166.819.064 271.007.065 3,240,343 193,502,726 1947 § 7.7 + „_10 City 7,961,084 10,285,000 Rockford 6 Chicago 10th Kansas 5,913,946,547 822,920,359 " 1948 Dec. % 6,672,212,343 " 7 $ 434,261,932 4,468,328 2,685,910 4,249,281 5.475,520 3,610,395 7,813,292 800,171,968 105,536,908 Total (17 cities) or 2,725,289 2,094,838 4.2 + 10,138,000 Springfield Inc. 487,624.428 " 11 Atlanta 8th St. cities 12 Richmond 6th 7th York Cleveland 5th 1949 980,303 1.039,690 3,718,408 925,000,000 769,000,000 2,280,736 3,031,833 —10.6 103,804,115 Peoria SUMMARY OF BANK CLEARINGS 4 9.9 + 1,311,978 473,522 District—Richmond— Sioux City . In the Reserve City Reserve District Francisco Reserve District of 7.0%. t by 4.3% larger by 6.3% and in the Chicago Reserve District records an increase The Minneapolis Reserve District District registers 1.7 + 12.2 909,18? 1,028,189 1,968,892 appear the as that in the New York District appears New 7,402,962 158,171,660 268,859,226 27,574,400 4,287,456 5.1 + today, inasmuch not available at are $ District—Cleveland- ! Carolina—Charleston Maryland—Baltimore by the foregoing will furnish them complete results For that week there week in same covered statement, however, which ings for the whole country having in the week the Saturday figures elaborate detailed able are 2.5 + — Richmond South 6.0 724,047.446 , the above the last day of the week in all ending Feb. 25. New Reserve Federal Reserve Total and exact details for the issue of next week. our ends 789,648.889 Virginia—Norfolk— ^ [I 6,669 ,620 822,929,359 Youngstown 6.1 + $14,842,462,556 $14,126,981,340 .. { New 5,959,353 cities) • Total all cities for week f 6,995 ,423 Jersey—Trenton Federal 1947 $ 6.9 + 2,485,177,635 632,129,462 — D • 7,662,505 2.4 — District of 1__ day 3.212 ,831 Delaware—Wilmington 3.1 + $14,210,333,094 $13,402,933,894 .. All 2.211 ,772 4.4 4,015 ,851 3,606,229 Pennsylvania—Pittsburgh. 3.4 + $11,674,117,965 $10,917,756,259 ? 2,681, 518 8.2 + 2,174,669 York (11 + 4,116,226 Wilkes-Barre Fifth 2,536,215,129 2.613, 486 758,000, 000 2,616,660 Scranton Mansfield 8.0 318,499,913 Baltimore —26.5 791,000,000 Cleveland 2.5 + 313,925,855 — —17.4 1,245, 517 2,826,402 Philadelphia Reading Cincinnati 1.2 — 279,300,000 238,041,439 —: + 27.4 1,172, 723 915,493 1 39 Ohio—Canton — 329,219.156 Cleveland 850, 143 968,772 Bethlehem Chester— 1948 Dec. % 1,083,050 Lancaster New $ District—Philadelphia- Columbus 335,238,000 > Pittsburgh , 265,414,755 286,200,000 San Francisco , 262,276,130 Reserve Pennsylvania—Altoona Fourth 7.7 + 735,060,860 968,000,000 ---- $ Federal % $7,715,030,232 Chicago Philadelphia 1950 Third Total i Week Ended Feb. 25 1949 Inc. or 40 FINANCIAL CHRONICLE & COMMERCIAL THE (984) Monday, March 6, ' Company and Issue— Foreign Exchange Rates Goldblatt Indiana 1st give below daily countries of the world* We Tariff Act of 1930, the Federal Reserve Bank certifies Pursuant to the requirements of Section 522 of the to the Secretary of the Treasury the buying rate for cable transfers on the different record for the week just passed: a RATES convertible $2.50 Water Co., 3 Va 9'c & bonds, Inc.— Date preferred stock.Apr Pagt ♦ 1 i due 1970 ;__Apr 1 National Gas & Oil Corp., 15-yr. 4439'c debs, due 1962_Apr 1 Oregon-Washington RR. & Navigation Co.— Refunding mortgage 3 If bondsT series A. due 1960__Apr 1 Pet Milk Co., 41491 preferred stock —Mar 31 mortgage f * ♦ ... CERTIFIED BY FEDERAL FEB. EXCHANGE FOREIGN Inc., Bros., Gas 1950 24, 1950 TO MARCH mortgage Tennessee York Buying Rate for Cable Transfers in New Value in United States Money Noon Joseph Light 1st INCLUSIVE 1950, 2, & Power Co.— 2%%: bonds, due 1970. Scranton-Spring Brook Water Service Corp.— 1st mortgage 2%% bonds, due 1976 1930 UNDER TARIFF ACT OP TO TREASURY BANK RESERVE St. Transmission Gas mortgage pipe line mortgage pipe line bonds, York s $ 3> Mar, 1 Feb. 23 Feb. 27 Feb.25 Feb. 24 Argentina, peso— 1st bonds, ENTIRE .297778* .297778* .297778* Pieferential "A" .206949* .206949* .206949* .206949* "B" .174562,: .174562* .174562* .174562* .174562* .138958* .138958* .138953* .133958* .138958* • 753 ISSUE 1 1 1 CALLED .206949* Preferential .297778* .297778* Basic Bpecial Australia, Belgium, .0199750 .0199875 .0544060 .0544060 .0544060 ,909090 .909090 .909090 .909090 59c gold debentures, due .899140 .899375 .900625 .901250 5 9c gold debentures, due Nov. .208500 .208500 .0200600 .0200600 .0200600 .144938* .144938*" .144938* .144938* .0028625 .0028625 .208700 .208700 .115718; .262525 •' — 1 peso guilder pound .208700 .203700 .208700 Maytag .115718 .115718 .115720 New .262462 .262500 .262500 2.772896 2.772896 2.772896 York 1st .140154* .496125 .496125 Public .0345964 .0346035 .0346321 Riverside .327125 .327125 .327125 3% 15 Apr 1 553 Apr. 1 750 1 • .327125 • "" 1st 1963 May 1914.: bds„ 4 9c 360 1 * 6 55S Mar 31 due A. ser. * 1961.Apr stock. Mar Corp.— bonds, series A— May 1 Apr 1 Power & Ligijt Co.— debentures, Service Co. of 1965— due Colorado, Club. (Chicago) Golf 4 9'c mortgage ; 4.40(c preferred stock.Apr 24 ,193329* Thew Shovel .232440 .232500 .232450 Ward 2.783750 2.783750 2.800742 * Mar 15 754 Mario i960 500 Baking Co.— 2.783750 r — bonds, due Nov. 1, 7% preferred stock .232500 2.800742 .193329* .193329* .193329* \ 2.800703 2.800664 " 1, preferred preferred stock. 59c 2.783750 Closed 1953 3 Va 9c Service Water f. s. 1, dated mtge. 1st $6 Pennsylvania .140154* .496125 bonds, 1st Corp., mortgage .0346142 54b'■< Co., debentures 25-year r (subordinated), due l$70__Apr 1 ' .658327*1" .658327*1" .658327*t .658327*1 .658327*1 .561797*1 .561707*1 .561797*1 .561797*1 .425531*1 .423531*1 .425531*1 ' .561797*t peso Co.. .140154* • 2.800664 peso Electric Co., .496125 .193329*" .425531*1 .425531*1 * „ in •Announcement this issue. Auction Sales tApplication depends upon type of merchandise. •Nominal, Apr Hotel Co.— Johns-Manville .231940 peso Uruguay, stock due 2019 income bonds, ( mortgage .0028625 - .140154*' 2.783750 pound United Kingdom, pound sterling Africa, 1st .0028625 • Straits Settlements, dollar franc 6% 2.772896 Closed .496125 krona Hastings Square .0200600 Iowa .327291 Uruguay, mortgage 4V2 9't .144938* ,140154* .0346071 Uruguay, General .262525 2.772896 krone of South * 1 Chicago, Rock Island & Pacific RR.— .115718 Philippine Islands, peso Portugal, escudo Union .208500 .208500 .0200600 — krone Switzerland, Pag! 1 May preferred April .0028625 ; India, Dominion of, rupee Sweden, Apr C-.._. 1st .0199714 .208500 koruna (Metropolitan >, franc Norway, Ltd., Co., 0199857 .898125 rupee Czechoslovakia, New Zealand, Cordage series .0544060 • _ Netherlands, Brantford bonds, 59'c mortgage stock Canada— oi .909090 r- Free Mexico, Co. preferred Cities Service Co.— Official France Telephone Date 7 f,t Co., .0544060 Canada, dollar— Denmark, 2.231573 2.231573 Creosoting .0199250 franc Brazil, cruzeiro Ceylon, Bell 1st 2.231573 2.231573 Closed 2,231573 pound Company and Issue— American « 1 Mar 15 . 3C series, due 1967—Apr 234(f series, due 19G6-Apr bonds, due 1960 ...Apr mortgage $ $ & 3V4ri Corp.. Mar. 2 1 Co.— 1st 1st Country and Monetary Unit Apr Transacted Statement of Condition of the 12 Federal York City and deposits adjusted decreased $55,000,000 in the $48,000,000 in the Cleveland District, Demand Reserve Banks Gembined decrease of $16,000,000 in the Atlanta a District. by R. L. Day & Co., Boston, on Wednes¬ day, March 1: Shares STOCKS 100 District, Atlanta Verney Corp, Associated 7 $ per sharo J —_ Textile in the Minneapolis District, and $43,000,000 in the San Francisco District, and increased $161,000,000 in New York City; the net decrease at all reporting member banks was $82,000,000, United States Govern¬ Cos., 5% __ common.. ... 36:!4 $46,000,000 thousands (in of dollars) Increase (+ ) or decrease (—) Gold Redemption ___ _ for fund R. F. 313,500 advances loans Borrowings decreased $217,000,000 in New York City $38,000,000 in Chicago. A summary of the assets and liabilities of reporting 219.263 + 71.800 225 + 1,646 and member banks follows: Certificates 5.731,450 —___ Notes S. Govt, securities. 17,756.874 + . . —4.080,582 Due F. loans from R. securities.. and of 34,245 — —— 117,973 . + 16 87 chasing or 2.066 + — S. U. 50,879 —4.002,433 Real Federal Reserve notes — 22.968,766 31,237 + — 555,057 -U —3,396,669 112,111 8. 403 -f 174.672 321,863 + 134.679 558.912 + 24.627 + 76,560 Total deposits : items... availability Other liab.> incl. .+ 18.286.491 2,349,531 accrued divs. ■ + 9.965 —3,507.298 311,639 118,213 1,279 — 469 + 1.442 — securities Other with Cash + 459,815 214.640 + 218 - — 270 571 — 23 324 Surplus Other (Section capital + 21.462 + 28~273 488.173 27.543 13b) 5~102 4. U. Government S. accts. 44.493,529 + 465,135 —4.002,433 of note liabilities combined.—. Contingent liability 56.0 0.5 If — ♦Feb. 15 accounts, to loans Paper 262 — 1.169 565 — 462 — 5% The condition statement of weekly reporting member banks of the Federal Reserve System in leading cities shows the following principal changes for the week end¬ ed Feb. 21: An increase of $187,000,000 in holdings of United States securities Government and decreases of $177,000,000 in loans, $285,000,000 in reserve balances with Federal Reserve Banks, $306,000,000 in demand de¬ posits credited borrowings. Commercial, creased to domestic banks, and $236,000,000 in Bosch 2 + for 7 —• 60 — 100 + 66 $21,000,000 in New and agricultural loans York City and by de¬ smaller net banks. of Treasury bills increased $117,000,000 in City and a total of $96,000,000 at all reporting member banks. Holdings of Treasury notes increased $40,000,000. Holdings of United States Government bonds increased $55,000,000 at all reporting member banks; the principal changes were an increase of $60,000,000 in New 1 4- 1 3-10 4- 1 3-18 15c 4- 1 3-18 1 3-18 745 Apex 23 190 Arkansas Power & Light Co., 236 35 and common stocks called for redemption, those called under sinking fund provisions. The date indicates the redemption or last date for mak¬ preferred including ing tenders, and the page number gives the location in the current volume (except where indicated) in which given in the "Chronicle." were OF Heller ref. Date (Walter E.) & Co., PARTIAL REDEMPTION Company and Issue— Baker Association Bob O'Link 1st Golf mortgage Cleveland 1st oi Corp. s. f. 5# f. bonds, America, Union Terminals mortgage s. bonds, 3 9'c preferred class A Motion Topeka Ohio Episcopal 3-15 1 3-17 4- 1 3-17 — — due March debentures 1. due B and C Line 59 %C 4- 1 3-17 12VaC 3-27 3-15 4- Ry. Co. 3-10 3- $1.50 6- 1 4-28 $4.50 3- 1 2-20 $1.25 4- 1 3-17 $1 5- 1 4- 5 93 %c 5- 1 4- 5 6 1 20c Co. 1 3-10 Inc. (quar.)_ Ry. (s-a) (quar.): (quar.) Alarm — — — ____ ——_ (Del.) decided have (quar.t A (quar.)— (quar.)____— (Hartford) & Sons, 6If F.) Fe preferred 1 (quar.) 15c 3-10 3- 30c 3-22 3- 25C 4- 1 3-17 preferred— omit to the quar¬ Allied Babbitt Bank (B. Products, Inc., Building Oil Inc. T.), Equipment & pfd. 4'f (quar.) (quar.) (quar.) Corp — — 1, 50c 4- 1 3-15 30c 4- 1 3-10 15c 3-15 50c 4- 1 3-16 12 Vac Avon (L.) 3- 1 2-23 3-15 3- 6 & Co.—See Ludwig Bauman * 1 Lomb 1952 Mar 196o__Apr • 1 1 • & Lumber, Beatrice 3%% Foods Apr 1 .. 103 $1 4- 1 25c 4- 1 3-10 (quar.) 50c 4- 1 3-14 (quar.) 84%c 4- 1 3-14 4- 1 3-15 4- 1 3fl5 Optical, 4% class (quar.) Co., convertible A pfd. common preferred (quar.) — —, Belgium Glove & Hosiery Co. of Canada, Ltd. Common " (quar.) A, (quar.) $1.12 Va Co.— Co. Fire Bausch Church, Mar bonds Air Automobile Insurance Co. (B. 1 4- Industries. Sar.ta preferred B Press 3-15 115c Telegraph convertible Automatic 1 4-15 (quar.»_ Picture & Refining Atlas 3-15 4- 25c _ — Charlotte Atlantic 3.75If 1 Hardware. Ltd/— H.) & 49'c 3- 4- 25c (quar.t (quar.i_— _ preferred 3-15 $1.50 — conv. (quar.)——: Atlantic Bauman Co. series (quar.) — Corp. 37 Vac $1.75 ______ $6 pfd. Pagt Date Club— of 44a9c Rubber, Beaver Methodist and (quar.) 4- $1 (quar.)_. (quar. i_— (quar.) convertible Barber , the serial Co. 3-15 , City, Kansas— mortgage Celanese 554 557 and Kansas Educational University (Trustees oft Baldwin 1st Page Apr 12 Mar 27 bonds, due 19615Vz7o preferred stock 4vz7c mortgage 50c pfd. terly dividend at this time. Valley RR.— and — — preferred. Constable Avery TENDER Company and Issue— 1st 6% B Directors NOTICES Holdings New York 4- 15c Co., & (resumed) & 1 $1.50 306 Atlanta 1 (quar.)—__ 1 irrtg. )____ (quar.)— Class B list of corporate bonds, notes, a 2 3- Processing, com. (resumed.) 1,035 Associated 3- 3-10 3-15 181 (J. 3-10 3-13 3-13 Optical Co. A 1 6- Tobacco Class 4- 1 Yarn 43/4 'v 3-22 25c 4- American Steel, 2-14 1 6-10 American Class 1 3-3C 332 Armstrong 1 34- 18c 549 Armco 2-14 3- 25c Corp. 19 except $2.50 12 Vac common Co. preferred 3 _ Mfg. $7 of (initial) International conv. 5-15 (Texas)-- ——; shares (242 American Smelting 4- 5-31 held) share common 4-15 Co.— _ 82 Notices amounts in nearly all of the other districts; there was a decrease of $51,000,000 at all reporting member Derrick & 3-20 25c Co. • (quar.)— dividend each New Insurance — Hoist Stock 956 2.259 285 _:j_— — common 3 4-14 50c 2.966 Old 5- 25c . Extra American 3-15 1 50c General 62 1 6- 25c — American + 3-10 4- tCinc.)—* 622 —. 3-20 8 $1.25 (quar.)___ common Fire Insurance 822 55 3-22 30c 4,348 40 1 — + Redemption Galls and Sinking Fund the details Y.) (N. + (Philadelphia District). found (quar.) — Co. . 4 20.386 Below will be pfd. (quar.) Quarterly 3-22 4- 15c 4f'< Insurance Corp., 1 125c (quar.).. quaiterly preferred 4- $2 (increased) Corp. Dye 3- 40c 4irreg.) 3-24 62 Vac Canada American' Druggists Annual Ashdown Aroostook industrial, & of Alliance Increased Atchison, Condition Statement of Member Banks 3-10 3-17 15c 96 indus¬ — 1 American 4,153 + 3-10 4- 1 quar. Mills Co. American Arnold 7,364 ... make 2-20 1 accounts, Govt, figures revised 1 4- + 5.19c + 3-10 3- — 187 foreign correspondents Commitments trial demand deposit and U. S. to during week accept¬ purchased for ances on Chemical (quar.) (quar.) common pfd. Allied 47c — interbank certificate re¬ F. R. gold to deposit and serves, 3-20 5c pfd. 1.249 257 — Borrowings Debits Ratio 3-20 (quar.) 8.991 deposits banks 1 Forging & Socket (extra>_——i_ Furniture Mart Building Co.__ demand deposits: Domestic Foreign banks Total liabilities & cap. Inc. Inc., conv. American Government.. except 4- American 46.843 15.395 2,938 deposits adjusted deposits, Interbank 147.370 accounts.. Time 343i»c —_ 45 Liabilities— 11,160 3-20 87VaC I 37 Vac (quar.t$1.06¥4. prior American Demand + 4-1 590 + 2,155 domestic banks with 3-15 12430 common-.. + — 757 — 52 1 —4.063,323 Capital Accounts— Capital paid in__ Surplus (Section 7)— Industries, Co.. + — 12.012 Banks 4 + 5.223 Reserve + -f.- 24.914 —____— Federal 1 4 — 3.988 vauit_ in Balance 43.614.803 Total liabilities indebtedness.— of Treasury notes U. S. bondsReserve 37.162 securities—Total certificates Treasury 1 4- + 5.858 Other 4- 75c 5 — 2,402 229 Government 50c 11* — + S. 1 45 + , 306 4,439 + U. — 53 3-17 4- + 4,410 ______——— 884.996 — 140 3-1S 62Vac Co. common preferred American — 431 554.859 —_ Deferred + 137 -I- acct. Treasurer'— gen. Foreign —■ 994 16,237.724 ' U. 1,368 3-13 4-10 — (quar.i_.-_ (quar.t $3.50 Allied 51* pur¬ acct. bank—reserve 4449b $2.50 loans—. loans Co. Discount Mfg. Gas Inc., Allianceware, banks to Other Member Brass 183 for purchasing or carrying: obligations— — estate Loans Deposits: Akron 175 obligations securities & preferred Allen Government Other Liabilities— Investment 265 securities S. U. Insurance Life Alabama carrying: Other loans « Aetna Aluminum Government Other 465,135 + for dealers ana (Hartford) ... 177 13,354 brokers to & Surety Co. Quarterly 5 039 . 3-30 75c ... Alden's, and agricultural industrial, loans Loans 1949 Holder* PavaMe of Rec. — Co. Casualty 24,974 .\ Loans—gross 39.011 Feb. 23 , announced When 25c Aetna 8 66.985 . Commercial, Share (irreg.). Addressograph-Multigraph Corp. Express 24,600 Investments—Total Loans and 13.956 — 1,121 — 44.493,529 assets ' — 127,940 + —.— Bank premises 7.962 — 2.730.309 items Other assets —4,007,136 351,783 + • 106.549 banks— other , 33 foreign banks notes Uncollected Total 13,072.785 1950 were Per Name of Comvanv 542'' fan millions of dollars) \ Assets— Loans—net Total Feb. 15, 1950 —3,028,027 132,300 + Feb. 21, 915.450 47,000 — '••.v'.' Aid Dec. (—) Since 647,319 — 561,900 + 6.339.700 . . 502,900 — 1.262,500 — ___ —1.320 686 120.300 3.873.224 — payments shown below during the current week. Agricultural Insurance Co. (Watertown, N. Y.; Inc. ( + ) or Bills' Total U. + DIVIDENDS The dividend Adams securities: Govt, Bonds 46,506 — + - tricts. 74.983 + 5.423 — 2.411 — — 3 + 311,279 and Industrial 79,014 — 23,120,351 reserves cash Discounts 153,997 + 537,920 Total gold ctf. U. S. 3 deposits increased in all districts and a total of $181,000,000 at all reporting member banks. Demand deposits credited to domestic banks decreased in all dis¬ ment $ 22.532,431 notes Other 1949 $ $ certificates Mar. 2, 1950 1950 Assets— since Feb. 21, Mar. 1. 57c preferred (quar.) — 115c- 125c •' Volume 171 Number 4887 THE Per . Name of Company <■ Beneficial Industrial Loan , $3.25 $4 preferred convertible 5% Diamond Book of the Boyertown . Co., Traction Brass Mig. $2 Co., claas A , & iquar.) __ 12 on a Company $1.30 Co., common iquar.) preferred Bush Co. (quar.) preferred 3-24 1 3-10 4- 3-10 1 3-20 3-10 3- 3- $1 2-21 $1.25 1 I 3- 1 2-17 20c (quar.). 4- 1 3-16 4- 1 3-16 10c 4- 30c : ... 3-16 3-10 25C 2-28 3- 1 3-31 25c Buildings, 7% pfd. laccum.) (Holding), Ltd.— 1 4- J40c : 9 3-10 3-11 3- 4- $1.75 a234% convertible Corp.— preferred (accum.) Bread Ltd. Canada Dry $4.25 Co., Iron pref. 3-15 1 B 10c (quar.) 1 Power !__ (s-a) Corp., Ltd. (quar.) __ ... A 3-31 H5c 4-25 3-20 isoc 3-31 3-24 4S3.50 3-31 3-24 $50c 4-15 3-18 J 75c 5-15 4-14 J31c 5- 4-10 1 Ltd., (increased) com. conv. Carreras, W.) Corp. preferred 120c 4- 1 4-29 3-31 4-15 3-15 3-29 3-15 3-15 2-25 3-31 3-16 Vac 3-15 3- 4- 3-13 1 8 4- 1 3-15 4- 1 3-15 25c 3-31 3-17 1-16 2-23 1-16 50c 4-15 5c .... & 2-28 5c Electric 4Va% pfd... _______________ 4- 3-31 1 3-15 3-30 3-16 3-31 3-16 $1.12 Va 4- 1 3-10 $1.18% 4- 1 3-10 prior pref. above demption 25c (quar.)_„—.... $1.12 Va 3-15 3- 4- 3-15 1 9 issue is being called lor re¬ April 15 at $105 per shaie. cn Cherry Rivet Co. (quar.) Chesapeake & Ohio Ry.— taken was on 3-31 3-20 at meeting of Feb. 24. preferred iquar.) Chicago Dock & Canal Co. (quar.), Quarterly Ltd., South & 87 VaC $1 Bend —!___' 5 Va % 25c is-a)_______ Worsted Mills Molybdenum Clopay Corp, common Coast Supply Machine Hobbing Cleveland Climax Gas 1 Life 1——_ Co action no — on Mutual & 3-15 3- 3-31 3-15 3-20 3-10 1 3-20 4- 3-18 3- 8 3-16 3- 6 10c 3-31 3-15 25c Co. of Life Insurance 3-10 3-13 3- $1 Co. Edison Corp. Co. (reduced) (N. (quar.) Y.) 3-13 3- 6 $5 4-10 6 10- 9 3-31 3-31 9-30 3- 8 $1.25 (quar.) 5- 1 4- 7 10c (Baltimore), 4# preferred 4%% Textile Consumers Co., Vultee of each of 1 3-15 1 3-15 6- 1 3-15 4- 3- 8 7 3-24 3-31 Inc., 3-13 ' (quar.) Co.__ Fibre 25c 3-15 2-28 15c Inc. (quar.).! (year-end)— Sugar Curtis Co.—— Companies Curtis 3-30 3-21 3- 25C ____ 3-10 4-10 40c America, Zellerbach 3-20 25c __ 3-31 3-10 80c 4- 1 9 3-13 25C 4- 3 3-17 25c 3- 1 2-14 Publishing Co.— $4 preferred prior David & .____ Ltd., Frere, class A $1 (quar.)___ De Long Hook Extra De Pinna iquar.) — (A.) action (No ... Eye & _' 6% 3-31 :£75c 3-31 3-15 3-31 3-15 4- 3-20 50c 3-15 3- 15c pfd conv. 1 3-15 50c —— Company, taken on 3-10 J25C — (annual) B 1 150c Extra Class 4- 4- 3-15 1 3 dividend common & Delaware Power 3.70% Co. & Light, Tire & Rubber, RR 4% iquar.i pfd. 5% Detroit Detroit Mortgage Corp. 3-13 4- 1 3-15 3-31 3-10 9 2 Vac 3-31 3-10 $1.07 pfd. iquar.) — RR., common 3-31 3-10 $1.50 3- 1 2-20 12 VaC 3-31 3-15 Co. i resumed i_ Realty (quar.) (quar..)— 6% Co., Ferries, prior Electrical Liectro Co. Investment Trust 3- 1 4- 1 3-15 5r/o 4- 1 3-15 6'o ••1st 3-15 3-10 1 3-10 15c Ex-Cell-O Stock preferred Corp. 3- 3 3-15 3- 3 $1.37)2 3-20 3-10 3-24 3-17 $1.50 iFreti) Federal Screw Ferry 6% Tarrant Filtrol Co. Finance of 3 3 3-17 8'i)ac & Shoe 3-10 Mfg. 3-15 3- 4 Liberty 4- 1 3-14 Lincoln 4- 1 3-14 Lincoln 1 3-17 partic. General (quar.) $4.50 preferred 6% preferred General Bronze Builders Electric 3- 3 3-13 Class A 3-13 Class 3-15 3-31 50c $1 iquar.) Mills, Portland General Inc., Georgia-Pacific $2.25 1 3-15 3-15 25c 4-29 4-14 4-29 4-14 (quar.)____ 28VaC . 34%c 25c ____ 2-28 4- 1 3-22 4-. 1 3-17 4- 1 3-17 4- 1 3-20 Alden Knitting Golden 3- 4-25 iquar.) Lumber & $1.25 __ 50c ____— Great Lakes Class Class 1 3-22 1 3-15 $1.25 4- 1 3-15 10c preferred $1.75 (quar.t 10c 1 $1 3-31 3- 9 $1.25 3-31 3- 9 B preference Life Guaranty Trust (W. Co., Co. 3-15 3- 3-23 3-31 3-10 3-31 3-10 J5c 3-10 1 3-20 1 3-15 3-15 3-20 3-10 25c 4- 1 3-15 $1 4- 1 12 lie 3-31 3-31 3-15 quar.) 3-31 $1.25 (quar.)_. 4- 3-15 1 3-15 4- $1,37V2 3-28 3-17 $1,121/2 iquar.) 4-15 3-31 action taken March meeting Harshaw Hearst on 1.) Chemical Co. Consolidated T/o preferred Hein-Werner Hercules New A Class (accum.)— (Edward) Fire (San & 3-10 25c Finance Ball Co. preferred 8 8 3-15 Interlake 10c 3-31 3-16 International lc 3-15 3- Inglis 1 John) preferred Co., preferred 4- 1 3 3-17 3-15 3- 3 3-10 3- 4 $1.50 4- 1 3-20 — 25c 4- 1 3-21 56V4C 4- 1 25c pfd. iquar.) Ltd. 5V'a '/o 3-16 iquar.) 3-15 3-15 4 c'o 1 7-2* 1 10-2* 3-13 2-23 37lac BlVuC 3-13 2-23 3-13 2-2» 4-10 3-31 $1.25 4-10 3-31 17!ic 3-20 3-10 3-31 3-10 3-15 3- 3 3-21 3* <1 3-31 3-17 lliU'aC 3-31 412 VaC 3-31 3-10 3-10 3-27 1 3-27 5c 6- 1 5-15 5c 12- 1 11-15 common 1_—:—— common . 3-2* ___ 2-24 2-)4 4-15 3-20 J17VaC 4-15 3-20 4- 1 3-20 25c 4- 1 3-20 $1.12V'a preferred (Entire 3-31 ; 3-15 4- $1,0614 3114c iquar.) 1st 50c 20c iquar.) —— _ last 1 3-15 4" 1 3-15 issue week.) $1 common (quar.) dividend —__ ________ preferred preferred (quar.) 10c 30',« 3-31 4- 3-23 1 3-14 3- 3 $1.37Va 4- 1 3-1* $1.50 4- 1 3-1* 3-31 Ltd)— (quar.) J S1 4-20 50c 3-14 25c 4- 1 3-15 37'ac 4- 1 3-13 Merck Publishing Co. 1 increased) Inc., 5Vo pfd. iquar.) & $3.50 $4 Company, preferred convertible common iquar.) (quar.) 2nd t* 4- 1 3-13 $1 iquar.) 4- 1 3-13 30c 1 Oc Utilities, Inc. Manufacturing 3- 87Vac preferred Co. South Miller iquar.). 27lie Co.___—_— 5c. 3-13 3-13 4- 3- 0 3- 5 1 3-10 3-31 3-21 Minneapolis & St. Louis Railway— Directors at action meeting on Feb. on dividend a consideration will took 27 declaration. be at the no Next March 29 meeting. Minnesota & Ontario Paper Co. 37VaC (quar.) — _____ Monarch Knitting Co., Ltd., preference (quar.) 414% Monroe 5% Auto Montgomery class $7 Montreal Moore Drop Mueller Corp. of last week shown 5% Myers iquar.) iquar.) Securities date B Co., Inc. iMd.i____ Electric Fire Jersey preferred Yorker iquar.) Co.. Ltd. iquar.) Oak 3-20 4- I 3-17 4- 1 3-20 Oneida, i50c 4- 1 3-10 Ontario J$1.121i 4- 1 3-10 Class Ohio 6% 1 3-20 3-13 2-23 3-13 3-13 2-23 3-30 3-15 3-15 2-23 15c 4- 3-15 30c 4- 1 3-ltt 3-31 3-10 5- 4-14 1 1 2-23 4-15 35c 3-27 3- 5- 1 4-15 3-31 3-17 t)2c 4-15 3-15 7 3-31 4- 1 3-13 4- 1 3-10 4- 1 4- 3 3-13 4- 3 3-13 3-15 3- 3 3-10 3- 6 30c 4- 1 3-20 3-31 3-13 3-15 3- 6c 6 1 3-15 4- 1 3-15 class 3-10 2-21 25c A Service preferred Ltd., Co., common preferred Beauty Participating com. iquar.) (quar.) conv. 3- 1 3-24 3- 3 3-24 3- a 31c 3-31 '3-3 4- 3-15 3- 3 37V2C iquar.) 974c 31V4C — iquar.) Supply Co., 3-15 $1.25 $1.25 Co., (quar.) 4- 25c Corp 75c 40c (quar.) Coal 3-20 iPenn.)— iquar.) B Public 3.9% 3-10 4- 50c — :_ Co. Manufacturing Co. 3-20 3-20 50c 25c Inc Rayon $3 pfd. Illinois 40c 10c A Brass 3-)0 5614c ' Co. Acceptance Corp. Oh>o 3-29 $1.18% Co. Gas 3-15 3-14 $1.01)4 common North American Shore 3-13 1 12c (quar.) quar.) Service, Noblitt-Sparkes North 1 4- Light— Magazine, American 4- 3-29 20c iquar.) Co. (quar.) Industries (quar.) Class 0 3-13 t371bc Co. (quar.) Auction File 3- 1 25c System (initial Public preferred Nicholson 0 1 4- 75c Insurance Power & York 3- 4- $1.50 iquar.) Telephone England Engl: nd New 4-15 25c - iquar.i-, Insurance New Orleans 50c t40c 30c iquar.i iquar.) Ltd. Fire New 434% 3-17 75c (quar.) iDetroil) New 4.05% 1 12c Naugatuck Water Co. (s-a) Nekoosa-Edwards Paper — New 3-10 4- 12!aC common Car, Brunswick 1 was (increased) Co. Co., Union 1 4- published iquar.) Casualty Co. Steel was payment Brothers preferred 4- — louar.) Gypsum National J25c 15c iquar.); National Lead 3-10 7 $1.25 ;___ the B & 3-17 20c common declaration but E.i 1 593ec iquar.) (Hawaii) incorrectly) Nation-Wide — iquar.i. pfd. $5 Co. preferred <F. common preferred America, preferred 4.8% (quar.,)_ iquar.)_ (quar.) iThis 4- 25c Telephone Common common Co preferred Mutual 12laC $1.75 Corp., Brass Murray Co., Works Forging, convertible Finance 3-10 :t$1.121a (quar.)— com. (quar.) Locomotive 434% 4% & 3- Co.— (quar.) Ward A 3-31 3-24 3-31 62Vic Equipment preferred 4-25 15c 50c Mission Appliance Corp. (quar.)— Mississippi River Fuel Corp. n____ Molybdenum Corp. of America iquar.) 1 Ltd.— : 811- 371ac McGraw-Hill 25c iquar.) Co Industries, 1 4-28 4- 4-23 4- preferred (quar.) McColl-Frontenac Oil Co., 4-1 $1.25 1 $1.50 — 6"0 SlOc — <quar.)__ SI 4- 5- 1 Company, Stock Northern $1.1834 1 30c 4- (quar.) $6 North (quar.)____ 3- $1.50 Corp., columns our New iquar.) Metal 41i% 3- Telephone— Steamship A 7 3-29 (quar.)_ (quar.) Class 3- 4-15 3-11 30c Co Indianapolis Power & Light 4% 3- 3-15 40c (quar.) preferred Commercial preierred 7 Co.— Incorporated Investors 57o 3- 4- Corp.— convertible $4.75 Thrift Bearing Houdaille-Hershey 3-15 $1 Insurance 3% 3-22 3-10 50c common 1 3-21 62 Vic (quar.(_ Co., (quar.) & Corp., & 2 12lie — (quar.) Lumber Marine Gibson Illinois 3- 3-30 12lie Francisco) Honolulu $2.25 3-15 15c iquar.) . 1 20 Vo Corp., class A B 3- —433/4C quar.) Q 3-15 t20c Co. McBee New (Initial 3- for redemption on March 31 at $111 share, plus this dividend announced in per 6% 3-15 3-18 3-17 1 —_____ National (quar.) Hollingsworth & Whitney $4 preferred (quar.I Home 30c dividend Oil Hlnes (quar.)„ 3-17 3-10 called National Corp.— common Stock at Publications, Inc.— Corp. Motors dividend common 1 4- National Harrisburg Steel Corp.— (No 3 3-25 $1.50 preferred Maytag 3-15 50c Co... (increased - Manufacturing Telegraph & Telephone Co., Ltd.— 4Va7o 3-15 common preferred 3-31 4- 4-15 (quar.) Harrisburg Gas Co., 3-10 $3 10 preferred 3-10 25c — com. pfd. preferred Motor (quar.) Munning Co., 3-31 7 (Winnipeg) dividend prior 3-20 t621/ac (quar.) Winkle Seybold Stock 3-22 (quar.) Printing Co. Company, common Hanson-Van 1 3 4-14 iquar.) Y.) F.) preferred 3- 4- J25c Ltd iN. 1 30c 2 $5 Wire 3- 20c $30c Co. 3-10 3-10 +15c (quar.) Assurance $2 • 1 3-15 7!aC — prior iquar.)— Marshall Field & Co., 4\'a '/» pfd. iquar.) Maryland Drydock Co., common (quar.). 3-27 4- 44- (quar.)_ Basket 3-10 15c (quar.). iquar.) 1 3-20 4- :f$l 5c iquar.i_ preferred 3-10 4- 4-15 $1 Y.) 3- 1 3-30 25c (irreg.) (N. 3-15 3-15 J5c — Insurance <o'/v Extr& 1 7 common—_—_—_______ 77o Middle 4- 3- Ltd.— (Marcus) Theatres, Ltd.) Meyer-Blanke 40c 1 McQuay, 4- (quar.) preferred West 3-14 3-14 4- — Engineering Works (irreg.) Industries, Inc. (quar.) Paper, Ltd., common Quarterly Greening iB.) 3-21 1 4-1 56?/»c (quar.) — A 3-13* $1.50 _— Warehouse & Cold Storage Co. Stores, Inc. iquar.). Lakes 4- 3-10 Co.— Trunk Great 3-31 50c $1.06V'4 Mines, Ltd. (interim) Ltd. iquar.) Co. Lakes 1 3-31 20c . 1B. F.) Company, common.... preferred (quar.) Goodyear Tire & Rubber Co. of Canada, Ltd. Great 4- 4 4- 3 Ltd.— — RR., Market 3-17 ., American 3-15 8 3-15 $5 Drug 3- 3-31 Goodrich Great 3-16 3-15 25c T/o Co Mfg. 3-21 60c preierred Co. Manitou State 3-16 31'Ac Works Brewing Golden 3-20 Co.— Globe-Wernicke, Goebel 1 3-21 10c iquar.) Coal 4- 25c '# 60c Common $1 3- Loew's Theatres, Mai'itime 3-10 \ 1 25c (quar.) Common Marcus Marion 15c iquar.) Co Co. (quar.) Export Co., Realization, 3-15 10c common preierred Co. R.) preferred Mar-Tex 33- 4- 35c (Irreg.)— iquar.) Wells, 3-15 75c d common iquar.) $6 67« 3-17 3-14 1$1 iquar.) — Marshall 3-31 iquar.) 5% (H. Central 3-31 15c Plywood Power, preferred Maine 3-15 $l,12I/a Cement preferred MacMillan (See Loew's Directors at meeting on Feb. 25 decided to omit dividend payment at this time. Glens Falls Insurance Co. (quar.)______ $5 4- 3-30 3-15 55c Realty & Utilities Corp. is-a) Time Corp., common (increased) preferred iquar.) General Harris 1 6 (increased) Co. & pfd. B (increased quar.). Corp. General Bauman 3 75c com. Cement Angeles Biltmore Hotel Ludwig 4- 4- .____ — Theatres, Portland 3-31 ' quar.)_ (quar.).. Supply, Ltd Los 65c Telegraph- T,i iMarcus) 4- 25c (quar.)__ Candy General 4'/o 3-17 3-17 1 (quar.) & (quar.) iquar.) Longhorn 3-1® 3-31 (Fort —_ 5'Jo preferred (quar.) Lindsay Light & Chemical, 30c (quar.) preferred General Hall 1 1 25c 5% Great 44- 3-31 (Texas), Corp. Common 12VaC Extra General Gray 1 1 1 37!aC preferred Telephone 25c (increased Oil 3- $2 (quar.) American 3-10 $3 (quar.) Investors, Co. iquar.) Loew's 50c preferred A American Ind.) Insurance prior 9 4- 5- 50c Corp._ Life Service Lincoln 1 3- 50c 30c Building National Wayne, Quarterly Quarterly Lincoln 3-10 1 10c (resumed)— T/o 6 3-23 30c Corp. iquar.) 67o 3- 3-23 50c i— Co. 3-28 3- 1 25c (quar.) Cement Corp., common iquar.)—_ participating preferred iquar.) 3-15 B Light Co. Co.__J Portland 3-10 3-20 1 4- $1 L 3-31 10c 4- 10c — 3- 35c (irreg.i_ Y. (quar.) iSee Marshall Field) N. 5-15 50c — iquar.) 3-24 1 5-15 1 12c iquar.) Lid 3-15 3-10 preferred pfd. 4'/o Mining, 4- 1 1 6- 25c 50c 3-20 class Gold Products 4- 20c tquar.) Co., 4'ye Steel 4- 3-10 6- $1.75 Lighting Co., Gas $1.50 3-20 ' 25c (quar.)___ 2-23 40c $1 ________ Creamery Co. (Calif.) Co., Inc., common preferred tquar.) Laclede 1 3-15 8 95c quar.) Corpoiation Lawrence 2 3-15 1 3- Light— Knudscn Laclede 37 VaC preferred Knott 3-21 3- 1 4- 35c Koppers 3-10 3-15 4- $1.50 . $1 3-10 1 3-15 $1.25 iquar.) (quar.) Lake 1 class A__ convertible 2-20 50c iquar.) 4.Va% 3-15 1 Mill 1 Co. 5Va% Gemmer 1 3- 2-23 525c iquar.) iquar.) Froeatcrt Grain & Malting Co., com. $2.20 preferred (quar.) Garfinckel (Julius) & Company— Common 1 4- 3-15 1 ... Process 4- 10c 10c S-l 4- 30c Machinery & Chemical Corp. Franklin $1.50 (quar.) 70c Series 4- 3- Corp. iquar.)__ (quar.) 2-23 4- $5 ... Foster-Wheeler pfd. $6 3-15 50% 15c Co. a 30c 2-28 3-15 Light Co., 3-23 Keystone Custodian Fund Series B-4 $2.50 is-at. Ltd. Class B $3 33- — Florsheim Food 3-10 3-10 3-31 iquar.) Pennsylvania Power 4-14 3- Kirxland iquar.) Extra Florida 50c iquar.)_: 3-15 Kilturn 25c Co. 3-15 20c Kings County California of Co. & 1 (quar.) preierred 5GV4C Cap &; Set Screw Co. (Marshall) 77c 3-20 iquar.j_. Mfg. 4- Kearney & Trecker Corp.— 3-17 5c pfd. Kaynee 3-15 iquar.) Fiduciary Trust Co. of Field 3 1 (quar.) pfd. Works 60c (quar.) Company, common'-iquar.) 1 50c iquar.) Chemical Federal 3- iquar.)___. preierred 4- 75c com. 3-ia 3-20 preferred 4- 1 Company Shops, Inc. Bake Co., America (initial 25c — & Federal 3-31 3- $3.50 5% 4-15 25c Stores (Boston) preierred 17)ac common Motors, preferred & 47c 3-10 . Famous Players Canadian Corp., Farrel-Birmingham Co. (quar.) Faultless Rubber Co. Felt 3.8',c 3-10 (increased) Family Finance Corp., of Feiss & Common 3-10 25c (Calif.) iquar.) Alleys Corp. iquar.). irreg.) 1 Joseph 3-15 12I2C iquar.) & J60c iquar.) Telephone Corp.— preferred A (quar.) 1 4- $1.62'/a Corp. Railway Common Fear 4 3-31 $1 ; dividend Fairmount 4(2% 4- $1.50 ; (quar.)______ 3-15 (quar.) , A Holder*# 1 4- Jamestown 4- $1.75 $1.75 class pfd. Capwell Co., preferred is-a) 7% 3- 6 Telephone Investment 3-28 Equity Fund, Inc. (quar.) Erie & Pittsburgh RR. Guaranteed 3-25 3- Interstate 3-28 4-15 common Emporium 3-15 3-15 3-31 4-15 $1 (accum.). 5\kc/o Products 3-15 50c 4-15 f25c Co. Kansas City Power & Inc., Relractories $1 1 Department (accum.) preierred Register Electric 25c — & $1 3-28 Interstate Ltd. 41 Payable of Ree. $1.50 • (reduced) International 3-31 25c $5 Co. iKansas) Gray Iron Foundry Steel — 1 preferred Derby Oil Detroit 25c — Denver & Rio Grande Western 5 % $1 Western Shoe 3-15 4-15 B Hoover (quar.) & preferred (quar.) preferred (quar.) Mill Mfg. (quar.) 4.28 ','n Dempster Denman Hudson Lackawanna Corp. Co., f43c preferred (quar.) Hotel declaration.) Delaware Delaware, Products Corp.— 6V2'/o Hickok textra)___ Power International (increased) Class Egry 41/2</« com¬ International 75c Paper Corp. (irreg.) Edison 1 Thomas A.), Inc., 5-20 20c (quar.) Cuban-American 44- held (resumed) Creameries Crown 3-15 25c $1 (quar.) Airfleets, (Reading) Company _. (quar.) Inc. share Continental-Diamond Inc. 1 Aircraft (stock dividend) share Gas 4- 2 Eddy Haloid $1 _____ Rendering Co. for 6 $1.12 Va Co Consolidated mon 6 3- 90c (quar.)___ Consolidated Gne-tenth 3- 3-14 Power (quar.) Paper Consolidated & (quar.) common preferred Consolidated Light 3-14 5c Electric Gas, 3- 3-15 3-24 _____ preferred B Co 1 iquar.) Co. When Share Telegraph 9 iquar.i- Extra 25C __T Engineering Corp. A Ocoan 4- common — Extra Consolidafed class (Ohio) —_____— Solvents Consolidated 3-10 3-31 $1 America 3-31 30c ; $5 preferred $6 6 Electric— Semi-annual Commercial class Grand (quar.).. Insurance Consolidated $7 Globe 2%% 50c Ltd., Products of Company 50c iquar.) States Gorham Semi-annual Crane 2-25 a — Columbus Coty, 2-25 1 $2 Extra $5 1 3-, 20c (quar.) iquar.) preferred Colonial ...— (Directors took preferred 4.80% 3- 7 payment). Counties 4% 4- 12 VaC preferred Builders Cleveland 1 RR.— Clayton &. Lambert Mfg. Co Cleveland Steel Name International J12 Vac common common Co., 3-11 3-29 3- iquar.) preferred Dunn Glen 5- $3 Shore Cinzano Power 7% Per Payable of Rec. 12)aC iquar.) Draper Corporation (985) Holder» 13 5c Ltd., Co., Glass When 50c preferred preferred $5 payment South T/o Georgia dividend common 3fate Chicago Dominion 4V4% 2VaC • Dairies, CHRONICLE 25c Corp. (quar.)____ Corp. iquar.) General Products Corp.— quar.) (quar.) Sons non-cum. General 33 7/10c 10c Co. Extra 3-15 313C (interim) (quar.) (quar.) (quar.) (increased action 3 65c (interim)... (initial) Hudson Gas Common 3- 12 Vac Co'p... Company preferred Certain-Teed 1 5c ... receipts B 4% General & (J. 4- 12 'resumed) receipts A deposit Corp., Dominion . deposit ;American 3 1$1 (quar.)... Company Lid.— American 3 3- 50c com. preierred Carborundum 3- 1 115c (quar.) Capitol Records, Inc., 4-10 1 4- $$1.75 .... Ltd... Lamp Co., Ltd. (quar.) Canco Corporation (resumed Capital City Products Co. (quar.)__. Co. 1 4- 120c Motor Transit 5- . Ltd.— 7Vo preferred tquar.) Canadian Ingersoll Rand, The 4-15 3-31 130c i Industries, Canadian 4Wo 3-15 170c (quar.) (quar.) Canadian Carriers 3-15 1 150c 6% preferred (quar.)_.__ Canadian Ice Machine Co., $2.60 1 4-15 +30c $$1.25 ..... com. Extra Capital 3-15 3-10 1 4- HOc common Starch Co., Ltd., com. (resumed) T/o non-cum. preferred (s-a).... Canada Steamship Lines, Ltd., 6% pfd. (s-a) Canada Steel Products, Ltd Canadian Bronze Co., common Class 3-20 15c Canada 5% preferred (quar.) Canadian Cottons, Ltd., 8 4- preferred Northern 3- 4- f 62 Vac common... 7 4- (quar.) Foundries, Ltd., non-cum. Canada 5% Ginger Ale Inc., preferred Canada No 4- Wireless $1.50 $4.75 2-28 2-28 $1 Canada Central 2-28 3-10 $1.10 prelerence (s-a)_ California Pacific Trading Carter 3-15 3-10 (quar.) Terminal Cenco 3-15 62 V2C ... Carrier 3-15 1 15c _ 5Va Vo £6% 1 4- 4 $ 1.8 8 (s-a) Sharpe Mig. (quar.). Products, Ltd. (quar.) Company (quar.).. Battery Co. (irreg.) & 4- 15c & Cable 3-14 25c Brooklyn Telegraph & Messenger Co. (quar.) Distillers, common iquar.i- Burgess 5 35C Brown-Forman Bullard 3- 3-31 30c Share Car Theatres Duke 3 50c ___ _ Brown 4-15 payment. (quar.) Assurance (Henry) 3-16 2-18 $1.37'/a Motor Doehler-Jarvis Eastern Broadway Market Corp. (quar.) Brockway Glass, 5% preferred (quar.) Brooklyn Borough Gas, common (resumed). junior 3-14 1 1 4- Company T District 5% 4- t$1.50 _ British-American Name o/ Diamond Disston .... Ltd. (quar.) preferred 1 3- 432 Vac pfd Power _ Building 3-15 4- 25c (quar.) Extra 4% 3-30 Vac 20c ___• common Bristol $4 3-15 3-15 62 V2C (reduced) Ltd., Light preferred Brass 4.4 % 3-31 3-30 Co.— Bristol ■ $1 25c iquar.) (quar.) No action taken 5Va% preferred Brillo 3-15 3-24 Club Casket preierred Bridgeport 3-15 3-31 _ (quar.) preferred 3-31 _. iquar.) FINANCIAL Far Payable of Ree. 8114c Corp Month Cordage Brazilian 6 % 5% Burial Brantford (quar.) common preierred (Phila.), Elue . Corp., & Holder* 37 VaC common ,. preierred convertible Blauner's Share Corp., (quar.)__ Bingham-Herbrand When COMMERCIAL 3-15 3- A 4- 3-20 1 3-15 Ltd.— preferred iquar.) f25c 3 _ j 42 (986) Per Name of Ontario Company Loan & Ontario Steel 7% 4 Ox Co Brush Co., Gas Pacific 6% Electric preferred & » 4% ' 4- 3-15 Southern 3-22 3- 1 3-15 3-31 3-15 $1.50 4-14 3-31 15c 3-27 3- 8 4-15 4- 1 50c 3-29 3-16 10° 3- 1 2-15 30c $1.15 $1.12% $1.12% 4- 1 3-10 4- 1 3-10 Stanley 4- 1 3-10 Starrett Feb. Peoples Telephone Perfect Circle Permanente Corp. Corp. ____ —_____ - $2 20c (quar.)__ (quar.) Cement Petroleum + $4.50 1st $4.50 1st 4- 1 $4.50 1st preferred 1st preferred (quar.) Inc., 3-10 3-15 3- 4- 1 1 10- 1 9-15 1-1-51 12-15 non-cum. 2nd preferred (quar.i_ $1 $4 non-cum. 2nd preferred (quar.) $1 7- 1 $4 non-cum. 10- $4 non-cum. $1 ■ * Extra (quar.) Insurance Pioneer Suspender Co._ Fort Wayne Common iirreg.)_ (reduced)- sider will Corp. March, Inc. Power Corp. of 4% % partic. Car and A Co. preferred A Y (quar.) (accum.) A Toronto Textile 3-16 3-20 3-31 3-20 Riley Stoker Riverside 3-27 3- 6 66c 4- 1 3-15 4- 1 3-15 Co., Extra Ltd., A (quar.i_ common—— preferred Cotton I (quar.)Mills, Rochester-American Y.) Cable Corp., Tool (F. C.) Mfg. 4- 1 3-20 $1.75 4- 1 3-20 One $1.25 4-15 3-31 common Charles Hotel St. Helen's Pulp St. Joseph Light & preferred 4- 4 3-10 60c 50c S. Trust United 3-23 4-13 3-15 3- 3-31 3-17 4- 3-15 1 6 IN. & Wire Oil 7- 6-15 7- 6-15 Vapor Heating 5% preferred 10- 9-15 5% 10- 9-15 5% 3-20 3-10 3- 3-10 3- 1 3-15 3- 6 3-30 3-15 3-15 3- 4- 3-15 $50c $50c 4- 1 1 3 1 3-15 4-21 3-20 5- 1 4- 1 4-14 3-20 3- 1 2-23 West Penn 4-15 3-31 West 3-31 4- 1 3-20 4%% White 3- 3-10 6 tlOc 83%c 1 7% Wico 6% Co. Cement non-cum. Electric 5% Smith Company, Ltd. $2.12 pfd. (A. O.) Corp._ Smith (T. L.) Company, Manufacturing Co. Co. 6% pfd. (quar.) (quar.)__ (quar.) iquar.)_ Sugar Co., (quar.) Power & 3-18 Wisconsin Public 3-18 Wiser Oil $1.25 4- 1 4- 3-15 4- 3 5- 2 4- 15c 3- 1 2-24 25c 3-16 3- 1 3-10 3- 1 6- 1 9-11 9- 1 12-11 12- 1 3-15 3- 1 6-10 Co. 4- Wool Combing Desauer 1 3- 6 3-30 3-16 4- 1 3-15 a 50c 4- 1 3-15 xLess resident Less 30% on 15%; the distribution of was made close not was 171, 19,900 shares of common Feb. 27 by Laird. Bissell & market on the New York on the per from of with the par shares are the share (net), with a dealers' 169, p. 2757. 20,000 18, $100 of Spartan shares authorized 420,000 to authorized as by stock Was shares and common $10 par shares, $10 including 1,500 treasury shares were shares. Each of the 25,000 outstanding par shares Startex of $10 par outstanding and 2336. Startex Mills, the 1949, par issued new common with merger Nov. on 30,000 exchanged for 16 $25 shares Mills stock. common 24,000 were As a exchanged for 396,000 result, four shares held as treasury stock,—V. are 170, Spokane International RR.—Earnings— January— 3-17 5 Net 4- 3-15 Net 7%c 1 3- 3-15 10c 4- 8 * from from ry. 1950 1949 1948 1947 $107,140 $122,396 $153,620 $153,794^ *23,786 *29,769 31,360 39,242 *46,552 railway— railway— *56,165 7,161 • income.— oper. Deficit.—V. 171, 10,996 699. p. 3-11 1 , 25c 3-15 3- 20c 3-31 3-17 1 4- 1 4- 1 3- Standard This 3-15 $1.75 ... . Gas & Electric Co.—Hearing Philadelphia Co. and company, ' . three on subsidiaries ' • Plan— of the latter have 3-31 3-10 filed applications with the SEC proposing various translation^ generally designed to effectuate compliance with the Holding Company Act, it was announced on Feb. 28. The proposals have been scheduled 45c 3-24 3-10 for $1.02% 4-15 3-17 $1.05 4-15 3-17 oil $1.12% 4-15 3-17 table 3- structure — 3-20 30c 1 8 SEC (1) 1 3-24 1 3-20 $50c 4-15 3-15 4-15 3-15 25c 4- 1 3-15 accrued 3-24 3-10 March 13, proposals 1950. involves Philadelphia's to be the combination of the and gas system under the ownership of Equi¬ certain changes in the capital another Philadelphia subsidiary, Kentucky- accompanied Equitable and West Virginia Gas 44- by Co. (2) Philadelphia proposes to sell all of its holdings of common stock of Equitable (subject to the contingency noted below) and to use the proceeds for the redemption und retirement of $33,709,000 of its 4-4'%% collateral trust sinking fund bonds, due July 1, 1961, at the redemption price D at in Co. of on such of Gas 40c (quar.)_. dividend hearing One properties $$1.50 103%%,' and $2,400,000 of its 2%% collateral trust serial serially to July 1, 1951, at their principal amount (plus of due interest each in cast). It is understood that Standard's plan 3-31 3-15 for simplification of the corporate structure of Philadelphia Co. System/which provides, among other things, for the retirement of the noncallable preferred stocks of Philadelphia and The Consolidated Gas Co. of thi City of Pittsburgh, is to be further amended to provide 3-31 3-15 also for the retirement of the 3- $3.50 .__ 25c (quar.)__ 2-24 1 $1.12% 4- 1 3-24 2-28 $1.12% 3-15 3-15 3-15 2-28 25c . (quar.)l $1.12% $1.20 — pfd. 3-20 3- Corp 2-28 1 4- 15c 1 3-11 4- 25c 1 3-11 3-15 3- $40c Canada, for 4-10 3-25 3 Ltd. this resident tax 7%. tax. income deductible non-residents' at the tax. source. Non¬ stock proceeds (3) of such sale." . of the Commission's Standard (4) Rule U-50. " • alternative to Philadelphia's sell at competitive bidding, its holdings of all of the 1,625,000 shares of outstanding $10 par common stock of Wisconsin Public Service Corp. Divestment of this stock was ordered by the SEC in August, 1941. Prior to the hearing, Standard and Philadelphia will notify the Commission as to which sale will be of sale (51 proposes, Equitable stock, (and then In common will as possible a that Standard withdraw the application in respect of the proposed abandoned). the event of the sale by Standard of its holdings of Wisconsin stock, Standard proposes to lend an amount equal to the pro¬ to Philadelphia, which would issue therefor its 18-month ceeds tax. - Philadelphia has requested that its proposed sale of the Equitable stock be exempted from the competitive bidding requirements common made dividend. Canadian the the .common sale 10c not closed the callable preferred stocks of Philadelphia possible sale and divestiture of Philadelphia's interest in of Equitable, as such slock will exist upon consum¬ mation of the reorganization of Equitable (mentioned above), and for the redemption and retirement of the funded dqbt of Philadelphia with for and (quar.) A (quar.)__ Jamaica The sale offering by Southern Union Gas of connection 3-21 ——_— (annual) Light, 4%% income offered 1 shares of stock to stockholders.—V. new stockholders each 3-20 . Co.— of Distribution-^r- March holdings purchased by the Murchison, Jr. and John D. Mur- current after the changed 3- Co— books British Secondary — stock (par $1) at $21 per share. Spartan Mills—Change in Capitalization— In 3-20 ___! tax Co. common Exchange at $12.50 Stock 3-31 — common Corp 1,771,322 ;• ' ' 45c tPayable in U. S. Funds, less 15% fPayable in Canadian funds, tax $1 2,496,833 represented (par $1) Gross (quar.) Quarterly ♦Transfer 1,224,519 :: discount of 600 per share.—V. 3-27 ,f & 1,921,509 Union Gas secondary stock 3-20 (quar.) Wolf 1947 3-15 1 3 $53c 30c common—— 1 4-15 3-10 1 (guar.) Service 3-15 40c 3-10 4- — . Extra 3-20 1948 Co. and Lehman Brothers shares Meeds notes, Mfg. preferred 3-23 852. p. (A. G.) Spalding & Bros., Inc.—Secondary Distribution —A 2-28 3-31 4- : (irreg.) Wisconsin-Michigan Power— 4% % preferred (quar.) 1 company 171, 3-15 35c (quar.) Wisconsin 1 & 115,275 852. 2-28 4- 56c — common 6 4- Southern Allen 25c A 6 $1.25 (quar.)_ (quar.) (N) 1 3-15 3-15 20c . Willys-Overland Motors, Inc.— $4.50 conv. preferred series 4-12 1949 ■ . $35c class 3- 4- 6 $25c (quar.) preferred Co., preferred A 10c (quar.) preferred A income.— oper. 8 3- 5c !— 3- $1.12% B 3- 3-15 24.) 4.80% iquar.)__ class 3-15 —— Co.__ 3-15 1 3 3-15 50c & Light Co., Ltd.— 3-15 4- 4- 25c (quar.)_ $1.02% Service— 1 3-20 — (quar.) Inc. iquar.) on Inc. Motor Whitehall 25c Rico Feb. meeting Westmoreland, 1 4- 1 (quar.)_! taken 3-23 $425,000, The V. Y 1950 . 15c Co.___ Ltd., preferred 4-12 Westmoreland Coal Co.— 3-15 also 171, p. 594. 87 %c Western 1 —V. 45c . Grocers, over not $425,000. railway $17,654,181 $18,606,622 $21,175,231 $19,039,385 railway—,_J__ 4.179,093 2,974,587 5,515,437 4,211,i)34 from ry. 3-10 $$1.25 ; 3-13 3-15 1 4- (increased) common 3-10 7 but of 9.—See from Net p 1 4- 4- 25c — 4- $1.10 3-10 50c — 4- $175,000 excess March Ry.—Earnings— January— Gross 3-10 1 $1.25 $$1.06 12%c 3-15 $1.25 3-10 4- in on 3-20 4-10 4- $1.25 iquar.) Electric Co. action Southern of Inc. preferred $1.40 of excess profit issue p. 2 50c Bakers, 2-28 8 the 3- $2 1 2-28 for related to the 10c 3-20 3- in such net any bids 3-11 (accum.) 3-15 6 of 1 ——-— 4- 3-13 75 % receive to pay to the company on or before of any net profit realized on the resale of the 4- — (quar.)_, West Virginia Water Service Co ——— Western Assurance Co., (Ontario) (s-a) Western Department Stores (quar.)_ 3- and will required 50% chison and affiliated business interests. $8.75 — Power Co., common preferred C (quar.) preferred B (quar.) A.20% are debentures 1 93%C Penn 4-15 3-10 underwriters unsubscribed 3- — preferied 3-25 The 3-17 $1 (quar.)__ West Kootenay Power 4.10% of will These $1.25 Snowdrift & Debentures— on 1960, 1 common Inc. Wesson 15c prior preferred preferred Oil 1947 333,483,512 2,653,727 3-15 (reduced) Co. 2-23 7%' 1948 7,466,116 3-18 3-16 iquar.) Dutch 17%c Rayon, Oil Fund, 3-10 Scruggs-Vandervoort-Barney, Inc.— Porto Wire Wellington assets.— Y 1949 4- , $2.50 _■ Ltd. Co., 3-10 3-10 Penn Cotton company's 2,227,193 2-21 $1.75 Goodwill Station, 1 4- South Wabasso the $1.75 (quar.) Iron & for 6,787,001 1 3- held.. (quar.)— preferred Mold bid 1,445,564 bankers from Clint W. i accum.)__ preferred Works, Equipment Co. The also ■> 1,558,687 3-30 $2 common 1 2-28 South 3%% Victor had 173,128 175,464 shares of t25c 3- 3-15 preferred 3-20 (quar.) 3-30 2-21 Company, Inc. Chemical accepted bankruptcy Los Angeles, 3,307,433 May 1 of this year, 3-18 7 (quar.) 4- 2-21 Seagrave Corp. 1 4- (quar.)— Corp., preferred Vulcan 3-10 Skenandoa Ltd., 5% Victor WJR, 1 (quar.) 4- " Verney Corp. of Canada, Ltd.— 4%% preferred iquar.) Viau, 3-20 1 A 5% Co. 6 Inc.— Inc 8% Kamp's Holland Veeder-Root, 3-20 1 1 Common $1 preferred (quar.) preferred (quar.). preferred iquar.) 4-21 3- (qrar.)— 4- ___________ De 4- 4- preferred 1 (quar.) Co., Corp Refining Van 3- (quar.)__ 5- (s-a) Extra 3-15 4- Y.) Metal Cap, Upressit Utah A Match 4- 50c Water tl2%C iquar.)_— Co. Steel $27c __$0.296875 8% U. Universal —.$0.296375 Brook 3-23 (quar.) 3-31 (quar.) (quar.) 1 25c common 3-15 1 (No Ltd.— 4- (quar.) preferred 4- (quar.) Common $1 iquar.) Plywood Corp., 4-25 B Scranton-Spring Canal & 3-10 $$1.50 17, in of the new $37,727,600 convertible debentures, due be called on to share their profits with the com¬ underwriting covers any part of the issue not subscribed the stockholders. According to terms of the bidding invitation, 1, Net 4 4 (s-ai shares 1 S. 4 3- 3- (stock dividend) Light & Power Joseph ten 4- U. 3- 3-20 3-20 (quar.) pfd. common A pfd. 3-16 15c 13%c iquar.). $1.25 3.35% 35c (quar.) $1.25 Co., preferred the 3-15 Circuit, Co. 7% Feb. on Rudolph income— 3-15 25c Railways St. each RR. J. J., company, C. 25c & 37%c Co., preferred Freight preferred Electric 1 Co Gypsum preferred Scranton 4- pfd. 4% S. 4%.% Sobs N. 6 4-1 Storage Co.— S. $1 (quar.) Co., Co., U. 4%% 5% United 3- J15c Ltd Canada, U. 1 3-13 tl5c Y.) 3-13 1 3-16 1 75c iN. 5- 15c St. Louis Public Service, class A (irreg.) St. Regis Paper Co. 4.40%; 1st pfd. A (quar.) San Jose Water Works, common <quar.)____ Bridge Co. 5-31 3- 4- (quar.) — Cold of for S. was railway.—_ oper. pany. for by J$1.75 common 3-10 Power Co.— (initial) Common 3-17 50c 25c (quar.) 1 93%c 35c _______ Paper Ltd., 4-10 25c ;__ 4- 3-10 Theatre Light 30c (La.) & 31%c Corp share Accepted for AssetsN. this 1950 Underwriters (quar.)—— Corp. United 50c & Lighting Co Saguenay Power Co., Ltd., 4(4% pfd April 1 50c (increased) Inc. 3-17 5% Gas of railway— $23 841.078 $30,441,780 $34,984,111 Bidding 2-21 Company Artists Electtric from ry. 3-17 4- 20c Company— Co Ryerson & Haynes, Safety Car Heating Slater United Newark. 3-15 Drill Tv/ist bidder at 'Deficit. 1 3-31 prior partic. Net Net 1 $30c RR. Sulphur successful The from 1 ——__—__ Trusts Terminal Gross 4- 3-15 $1.75 1. i Typewriter Co., commonpreferred (quar.) Ruberoid Company $4.50 Pacific assets ; 31 %c (quar.)__— 34- 3 15c 7% 10c 4- 30c Royal Shaler Union the Southern Pacific Co.—Earnings— 3-22 tlOc of Co. Fake, January—' 6 — 30c (quar.) (quar.)„: 3-31 25c iquar.)— B 3- $4 iquar.)_._ preferred 3-15 Insurance Washburn common pieferred & 10c ____ (irreg.)_——_. preferred 4- $1.50 (irreg.)—--——— United 30c conv. Co.——— 3-10 — Quarterly Gear 3-15 3-10 $10c (N. 3-10 1 3-24 t62%c Ltd Insurance 1 3-24 t50c — $2.50 Robinson 4- preferred iquar.) United Dyewood Corp., 7% |$i Mfg. $1.16% —— (quar.)__ Co., $6 pfd. common Trust Gas 4% $1 B 4.1% Underwriters 4-24 15c class 3-10 Electric Light & Power Gas, Union 50c common Ltd., 1 Fixture Corp., common-—__—_— preferred (quar.) ——__ Union 30c Mills, 4- 5%% Unfon 40c Corp Silk Robertson Sarnia Tucson Tyler 75c (quar.) (increased) Corp., (quar.) $1.06'/4 iquar.)_ (quar.) $5c A (quar.) Products Corp Metal 3-10 Iron-Works, A 3%% preferred Extra 3-20 $5c Co. 3-10 1 Corp._ Brothers, Ltd 4-15 L. for 170, p. 1704. 3-15 4- Shipyards $27c Co. V. 3-.10 3-10 t75c G. $815,000 Sprague 3-10 1 1 3-10 $28c Paper 4- $1.02% Welder General Judge of 3-10 (quar.) General bid Calif. 4- t25c <quar.)_ 3-31 Tooke Federal proceedings. at 3-31 Todd 364. p. Solar Manufacturing Corp.—Bid 1 1 5c . 3- 1 $2c (quar.) 3-10 3-10 1 10c (quar.)____ 3-20 $1.12% Toronto 10c class 15c 25c Feb. 3-17 (quar.) Markets, vote 1808. p. 3-17 1 $1.06% 3-20 25c Ltd., 3-16 1 4- 4- $1.50 Co 1 4- $50c $1.25 ___„_ 4- 15c Drug 4-15 1 issued March to Oversubscribpd.—V. 171, 87 %c Stores Co.— preferred A' iquar.)._— preferred B iquar.) — Water Associated Oil, $3.75 pfd. (quar.) Tide 3-31 be 9-15 4%% 4- to entitled 3-10 4% % 2-15 stock outstanding. 3-31 6-15 4- Carbon Electric Thrifty $1.75 ________ • Paper 5% Thomson 1 now stockholders 25c ;— payment 170, for 12-15 6-30 4- 50c ! Rieke , 3-10 3- $25 par new number date —After the a 50c (quar.) (quar.)1 Extra St. 3-17 $1 Corp. Bit Rhinelander Russell Thermatomic 3-15 oi the as 9-29 8 25c Mfg. Glass t5c A Russell 3-10 $1.16(4 ; Extra 4% 1 Union Extra Ross 4- Oklahoma— — Roller Rome Thatcher 1 shares record Socony-Vacuum Oil Co., Inc.—Secondary Distribution 6 35c Electric Service 3-10 meeting.—V. the as 12-29 ______ '__ the fixed $1.25 Cos. preferred preferred 4.65% 1 35c . (quar.) (quar.) Transmission, com. Gas 4- (R. I.) (quar.) 3- been $1.25 (quar.)_ preferred 4.25% 4.40% pfd. redemption on April (quar.) Renold-Coventry, i 3-10 Colorado, of preferred 1st Class 3-15 12%c Insurance Co. of Co. Reed-Prentice $4 50c payment Raytheon Mfg. Co., $2.40 conv. pfd. (quar.) Reading Company, 4% 2nd pfd. (quar.)__ Riegel 1 37%c (This _ Riegel 3-15 3- 56%c (quar.) Purolator Products, Inc. (quar.) Quaker Oats Company, common (irreg.) 6% preferred (quar.) Quebec Manitoir Mines, Ltd Queen Anne Candy Co. Railway Equipment & Realty, Ltd.— Class 4.10% t$1.50 Puget Sound Power & Light, 5% pfd. Class Tennessee Class Corp., common voting non-voting original preferred (quar.) 1st preferred <quar.)_, Reed 3 7 Inc.— preferred Co. common Instrument 3- 4- capitalize a portion of the company's earned share of stock for each share then held. ■ 1,306,000, same has at $1.13 dividend on preference Toronto (quar.)— Tool (G.), Ltd., 3- in about to one additional 16 regular monthly meeting held this week. 1 40c ..Common 6% taken convertible — Corp., (quar.) Machine action No 4- 25c plan of close of the New York Stock Exchange oh 28, The First Boston Corp., Coffin & Burr, Inc., and Paine, Webber, Jackson & Curtis, made a secondary dis¬ tribution of 51,274 shares of common stock (par $15) at $16.25 per share. Dealers' discount of 30 cents per share. — A non-voting (quar.) preferred 7% preferred 3-15 2c 75c Ltd.— called for Service 7% 3-15 4% meetings Publication ; 3-31 5% 24, at $105.25 per share plus this dividend 4.65% $1.25 —_— Lithograph 5% arrears.) Service 4% common- 3- Taylor December. preferred Co., 5% Corp., Entire issue . 3-20 3-15 ——:—_____ Co S.) con¬ Tuesday (quar.)_ Providence Washington Increased Public 3 15c Canada, preferred Public 3-30 25c (quar.) Works (The) (L. $1.75 t5c Clinchfield dividend fourth September preferred clears the subsidiary the preferred Steel Prestole 3-31 50c number be 5 will vote on a oroposal to increase the 3,000,000 shares of $25 par from 1 400 GOO to 3-18 60c stock par. directors The April on common of $15 3-18 1 parent to 28 for America-! of non-cum. Pressed 5% __ (quar.)_^, Co. 1st March on its on June, Potash 6% Inc.__. payments Hereafter held be Plough, meet and company will 1 4- Thorofare dividend Coal 4- 25c Tamblyn Co.— Directors 6% J stockholders surplus, by issuing will 75c partic. preferred Participating $1.75 ____ 3-31 : 3 3- 4-25 3-31 $1.75 preferred (quar.)__._ Pittsburgh Metallurgical Co., j 3- 3-14 3-18 Texas (quar.) 7% Pittston 3-31 3-10* 4- 3-31 $1.50 (accum.) Steamship Corp., & Portland Cement Superior Steel Corp.— Chicago Ry.— & prd. The authorized shares The 1 50c 25c 3 3-15 2-28 1 30c (Hartford) Pitsburgh Consolidation Coal Co. Pittsburgh, 3- 2-27 Co.— Insurance (accuin.)-^— Fruit Sundstrand 12-15 3-31 3-15 3-15 4-25 9-15 1-1-51 8c — . Co. 1 $1 $1 (quar.) 1 2-27 25c 4- preferred $4.50 3-17, 6-16 4- 50c Superior 1 30c _______ (quar.)__ common I— — Phoenix (quar.) preferred Co. Screw 1 25c 2nd preferred Electric Co;, preferred (quar.) $1.16% :__ 25c 6-16 4- Philadelphia 8) page Skelly Oil Co.—Plans Stock Distribution— 3-15 preferred (quar.) ___■ 5% preferred (quar.) ..— 5% preferred (quar.) 5% preferred (quar.)--. ; Sterling Aluminum Produces (quar.) Sterling Drug, Inc., 3 % %. preferred (quar.) Sun Chemical Corp- common (increased)___ 3-17 7- 1 5% 2-28 $1.12% ______ (Continued from 4- (quar.)__ Stecher-Traung 4-15 $1.12% —, —— 3-15 3-21 com $3 2-28 $4 ; Increased Standard 3 4-29 3-10 25c com. ___ 3-30 3-31 $1.25 Square D Company (quar.)_ Standard Gas & Electric, - $6 4 $1.12% (quar.) $4.50 2nd 3- 3- 3-15 $1.12% Dairy Products Co., preferred (quar.) preferred (quar.) Oxygen Co. (quar.) Gas & Electric— Company Electric Co. Springfield Fire & Marine 3-10 25c - 1 Philadelphia 1 25c (quar.) Extra 4- 60c (increased) Co. Exploration ___ Sprague $7 (quar.) 50c 50c iquar.) preferred (quar.) preferred (quar.)__ 5% 24.) (reduced)- com. Corporatien and Investment News 3-20 4-15 t$1.50 — Process Spotless taken was meeting Corp.— (initial quar.) preferred Phillips 8 - at 3-16 4-20 Southwestern 4-15 $1 (No action preferred (quar.) 2nd preferred (quarJ 4%% Franklin 1 5-15 t35c /—I (quar.) preferred 6% 4- 1950 6, Ltu.— Power, 4.65% Peck, Stow & Wilcox (resumed) Pennsylvania Power &, Light Co., com. 4%% 3 Pictures common 4.60% 3- 50c ______ ________ Inc., (quar.) preferred New 3-10 General Payable of Rec. 62 %c is-a)_— Co. (increased) Common Co.— (quar.) Companies, Paramount 4-14 8c (quar.) dividend common 5-15 37 %c Telegraph Packard Motor Car Co. on Southern Canada Southern (quar.) Paraffine 4-14 Telegraph Atlantic & $1.75 Telephone Common 5-15 $1 Inc.-. preference (quar.) Pacific Coast Aggregates, Inc Pacific & Southern Investors, Inc.— $1.50 , 3-15 175c (increased) com. (quar.) Pacific-American 4- Monday, March Holdert When Share Name of Company Payable of Rec. 1 $$1.25 CHRONICLE Per Holdert $$1.75 Products, Ltd., preferred Fibre Share Debenture When FINANCIAL & COMMERCIAL THE thereof 4%% unsecured promissory note. Standard would be given the right to Volume 171 Number 4887 THE such agreed note into common between upon the stock two of Philadelphia, at a price to be approved by the Com¬ conversion the "Combined Plan companies January— into or the Wisconsin funded common Net debt v above. The of Philadelphia Kentucky, and all owns . of the outstanding stock of common Pittsburgh and- West' Virginia Gas Co., together with shares, of-7% cumulative second preferred stock of Kentucky. 2,825 balance ©fc-such preferred shares is owned by Pittsburgh, which also owns all'of-the Co. <a ). . .Under the Pittsburgh proposal:.. ties cf Equitable stock of of (as set dividend a forth Pittsburgh and of in to 750,COO its common authorized Philadelphia)!, exchange its stock proximately in "b" into above, for $4,771,800 and preferred stock additional Philadelphia will purchase Equitable common (with treasury funds) preferred common (hi of its presently 563,000 exchange in to value par for cash stock, to the authorized stock Kentucky exchange will be of for the authorized its securi¬ and reclassified $1,000,000 for its pay p. 397. to Kentucky all the for 149,059 $3,000,000 outstanding . ap¬ com¬ value par of re¬ lattcr's additional outstanding Kentucky shares of and bank 82,695 Kentucky loans additional will the use aggregating shares pro¬ $3,000,000.—■ ' . of a 90 cents share; per Oversubscribed.—V. 171, 1 ber, Jackson & Curtis, after the close of the market on Feb. 28 made a secondary distribution of 27,358 shares be circles Standard Oil Co. (Ky.)—Annual Report— Calendar Years- 1949 sales 1948 1947 and $ $ S 192,412,372 new that to its this 200,334,520 1,009,912 155,418.173 1,345,663 114,006,919 156,763,836 115,141,367 1,597,094 __ concern total, saies, sell., gen. 1,134,448 and 178,381.264 139.808,031 98,751,542 2,375,971 State income ( • taxes . . 2,136,650 1,721,800 1,323,428 on - profit Dividends Earnings to up manufacture It is would be set 7,970,000 5,770,000 $17,000,000 $8,000,000, COMPARATIVE would INCOME from revenue Provision be represented to ACCOUNTS sulphur for sales.. contingencies. Depreciation be FOR share 5,625,000 income taxes (current) SHEET, DEC. 31 receive, $200,000). ... capital stock of .' —. Plantation (not the on Pipe U. S. Prepaid plant and equipment insurance and other 3,353,250 2,023,116 33,349,637 1,700,186 29,957,855 275,261 (net) 244,005 expenses> 1 —» —* Total $79,991,295 $76,938,402 — LIABILITIES— Federal Accrued State local taxes federal and State taxes less U. Reserve S. on income—est. (net)— Treasury savings notes contingencies, incl. fire, for storm and shares demand on stock surplus value (par $10 (additional 800,000 26,047,900 share)— a paid-in capital)— .1,638,400 surplus (earnings retained in business)- -30,855,813 Total — V. 169, 800,000 26,047,900 1,638,400 24,691,386 $79,991,295 $76,938,402 1119. p. 3,594,123 and tPlants, & ters With SEC— The SEC of company Mortgage Co., New Ulm, Minn.—Regis¬ Feb, on filed 27 cohering $500,000 of series series series 1207:A 1217-A involved. accumulative accumulative This company is an registration a 1305 statement with the investment certificates, $1,000,000 certificates, and $10,000,000 of savings savings certificates. 'No investment firm.—V. underwriting 168, p. 950. - January— Gross 1950 from Net from Net ry. railway.,— railway oper. 1949 1948 $252,007 $306,096 1947 9,624 171, 10,879 *5,741 <'75,064 now outstanding, earnings and SHEET time AS Stern & common count AT Stern stock March on ($1 Stock — 1 offered (customers) of accrue par to the company. * On the Feb. 11.100 20, letter a shares of referred notification to was above.—V. filed 169, p. with the SEC covering 705, 1,252,819 55,203,718 12,462,959 10,227 669 6,369,557 exc. 6,288,107 24,046,204 4,460,132 4,447,538 3,127,142 24,338,440 3,353,987 275,776 1,626,691 1,782,344 etc profits and tax. goodwill.. Ill 744,313,664 722,692,534 649,109,385 27,049,042 following notes year 31.370,166 14,403,657 62,017,638 150,000,000 28,199,416 70,369,500 14,403,172 1967— due 58,095,667 9,479,763 150,000,000 150,000(000 337,500 337,500 315,000 7,837,773 liabilities under Govt, 8,468,620 6,573,553 contracts 1,643,144 contingencies par) Total 194,698,079 6,541,043 193,061,359 246,503,969 195,195,410 744,313,664 (no 6,541,043 196,971,111 279,156,385 stock 722,692,534 649,109,385 6,541,043 reserves for depreciation and amortization of $325,726,876 in $301,435,529 in 1948, $282,182,966 in 1947. tRcpresented by 28.- 806,344 and Month of Railway Railway Dec. 8,932,666 1,192,212 9,390,773 Net 1,426,721 shares 1,294,473 Other income (& Leased 15,311,027 from the was Companies) 1949 $29,571,742 $29,579,414 24,469,356 28,465,772 . . railway 1943, operations... $5,102,386 1,150,000 joint facility income from rents from oil Income from investments and gas 827,445 (net) transportation Income 2,232,713 1,129,115 taxes $1,113,642 2,221,586 income 5,209,813 Net 31, statement Lines)—Earnings— taxes Equipment and 442,751 Dec. 1950 expenses. revenue at 1947. revenues operating Federal 1,519,473 * 28,807,314 31, January— operating 176,939 9,477,886 442,434 1949, 31, at (Excluding Offsetting Accounts Between 7,646,284 ..... Dec. Union Pacific RR. Co. 1948 166,500 cos. at shares comparative consolidated given in V. 171, p. 886. 7,977,934 advances and shores 9,479,788 The . for Total for a current term of (for payments to years) (no par 500,000 and operations.. — and $601,685 t$l,946,516 1,864,230 593,183 2,351,932 $3,059,098 operations shares in 509,206 $1,065,153 523,129 $2,549,892 $542,024 (net) other sources— of 3,488,372 26,175,000 51,755,743 capital stock 659,737 44,592,551 reac¬ Gulf Oil Co. in 1934, and interests in sulphur processes and after for amortization of $20,494,670 in 1949 and $20,075,642 in 1948. JAfter reserve for depreciation of $9,772,635 in 1949 and $9,400,721 in 1948. ^Represented by 3,840,000 shares (including 500,000 shares in reserve increased —V. 171, of at 31, 1949, earned surplus the restricted in the Net ry. —V. end 1949 1948 1947 $250,729 $202,917 109,702 98,406 85,816 50,439 its 45,920 53,169 March railway railway —V. 171, 1949 1948 Month of January— 4,473,633 365,400 317,824 208,858 13,787 7,559 $618,386 $597,006 85,559 $688,353 $682,565 7,016 7,418 237,630 deductions 234,206 — charges —V. income 171, p. of United rights, to this March, April Light of assuming record March delay no in will 23 receive making the the registration schedule with the will rights permit to mailing in be effect of out for 20 rights by days and to 20. company has authorized the distribution shareholders of record at the 2, 1950, each of March on close 16, 1950, business of of one St. Joseph Light & Power Co. 10 of the United common shares held. notification shares for the of common accuont of no The to on common par New was filed stock Feb. (par 21 $1) with the be to SEC offered York at of covering at a $3 per Upham Upper Peninsular Power Co.—Common Stock Offered —Ownership of this company, in the State of Michigan, will $443,707 699. $440,941 a public utility operating into the hands of the pass general public for the first time since its organization in February of 1947, upon the completion of an offering March 3 of 190,096 shares of the utility's common stock. Kidder, Peabody & Co. and Paine, Webber, Jackson & Curtis are joint managers of an investment banking group which is offering the stock at $14.12y% per share. The abovementioned shares shares Net with $5,652,456 (net Dr) income statement selling stockholder through Harris, Co., Minneapolis, Minn.—V. 171, p. 699. & 398,910 ... income of on letter 20,000 $5,254,889 3,905,982 railway operating income Other registration a effective. for share 69,967 facility rentals file to U. S. Thermo Control Co.—Files With SEC— 885,546 1949 .... Dr) scheduled common 2,369,839 1950 (net expenses conditions. $8,729,378 Texas & Pacific Ry.—Results From Operation— rentals blizzard St. Joseph Light Stock Distribution Authorized— The A Operating revenues Operating expenses Railway tax accruals operating severe Exchange quoted the United common stock ex distribution opening on March 1. Scrip certi hate? will be Issued in lieu fractional shares in payment of the distribution.—V. 171, P; 886. 1947 699. p. because of 1949, its $9,815,460 $10,148,337 $10,379,181 2,369,776 2,022,122 2,885,679 1,103,614 959,039 1,095,488 income oper. oper¬ Curb Orleans—Earnings— from from ry. and were covering offering of rights to stockholders to pur¬ of Kansas City Power & Light Co. at $12 a of three shares of Kansas City for each five shares 3, ratio Adherence share Gross reduced transportation reac¬ $271,132 1950 from stock purchase 1950 January— TNet loss Light. statement expire 171, p. 699. Texas & New the United of 130,233 58,633 income oper. in $286,890 . railway railway from revenues was March common share the Gross, from taxes. January, in company SEC chase stock is $27,500,000, the cost of 500,000 shares of capital stock held in treasury.—V. 170, p. 1844. Texas Mexican Ry.—Earnings— Net — 788. p. Stockholders Dec. — sources United Light & Rys. Co.—To File Rights With SEC— This • NOTE—As all NOTE—Operating were Dr27,5OO,O0ODr27,5OO,OOG $65,247,154 $58,688,255 deducting $27,500 payable within 12 months, tlncluding con¬ rights released by, and rights and properties acquired from Dela¬ amount charges from "Excludes Federal income "After treasury). other income ations. Total tract — "27,500 3,359,554 26,175,000 — treasury income and Net .... held Fixed be value) surplus $1,015,172 10,889,659 — contingencies stock of $1,053,231 10,403,626 taxes current not over Earned Fixed shares 1,257,161 59,015,301 127,015,360 126,141,987 111,971,398 equip. 373,685,214 330,294,110 238,059,702 and surplus 13,913,215 receivables . payable Liabilities Offered—C. E. 11,100 1,312,049 interest accrued Reserve for 31 $65,247,154 $58,688,255 Accounts Total Textiles, Inc. Co. & DEC. <'51,965 value) at $9 per share, for the ac¬ of two selling stockholders. No proceeds from the sale will promissory Earned share per deposit $16,355,834 $12,520,474 5,269,000 5,269,000 development .**r' Miscellaneous Unterberg 100,562,015 payable Deferred liab. "$5.64 10,126 <'41,418 699. p. $ 99,230,150 54,975,562 LIABILITIES— Net $276,091 of 1947 $ 10,227,657 250,000 $7.25 charges Equipment <'38,889 income— "Deficit.—V. 2.70% 3,800,000 Ry.—Earnings— ~ ■ $230,462 1948 LIABILITIES— 17,280,000 Total Joint Staten Island Rapid Transit - Canada) 23,897,670 Divs. payable Jan. 1 of Accrued taxes 587,021 3,340,000 buildings, machinery and equipment—j Deferred Net Bond and 102,136,913 companies refund Accounts 2,013,467 18,450,000 auxiliary and Net State will 55,540,115 _ 8,750,000 $7.14 certificates January— 1,534,139 flood : Capital Capital Earned $14,349,433 $15,761,604 4,636.671 4,275,737 128,939 * -129,252 excise, taxes 1950 31 35,243,082 Total 790,660 9,625,000 States DEC. 106,286,151 Foreign subsidiaries Patents, trademarks 3,340,000 $6.49. receivable quired and payable and mach. 31 f ' Accounts buildings, Affiliated 1949; — 3,340,000 to Treasury Accounts ware 3,353,250 — SHEET, 1949 Investments— 400.000 1949 hand quired subsidiary)—at ccst—i— a assets Property, "Land, $23,863,192 $24,231,158 $21,665,011 1948 $14,759,863 $12,368,700 1,727,949 1,809,095 13,418,097 13,478,424 11,084,122 14,026,887 cost (less reserve of BALANCE Inventories 1947 600,059 9,375,000 COMPARATIVE BALANCE on $3.62 securities—at Co. DEC. 1,981,540 ASSETS— Cash $3.63 $4.94 " Line ENDED 16,700,000 equivalent §Capital $5.27 1948. 1949. U. S. Government securities.: Other marketable securities Trade notes and accounts receivable Other notes and accounts receivable Postwar 225,000 share per "Eased were Reserve - in $ the 731,513 (current) paid Earnings 9,441,397 . facilities in expenditures for construction during than Prepaid insurance, taxes, 1948 597,261 taxes production $114,857,493 "After 5,209,576 Inventories Other and $33,238,192 $34,081,158 $30,665,011 Net income Shares outstanding at Dec. 31 5,209,577 ; that lower (Operating in the United $32,640,931 $33,481,099 $30,077,990 income income with ASSETS— Other income Federal 9,464,005 1949 in anticipated tCapital Cost Investment debt 400,000 income 6,902.692 —— accts. by YEARS 1,619,041 Total 12,856,518 BALANCE Trade is initial offered 537,687 *. Miscellaneous Other additional chemicals the $59,170,623 $61,183,073 $55,365,373 21,882,877 22,032,908 19,756,611 2,490,092 2,556,013 2,326,646 Amortization 7,553.891 — Marketable that Originally, it was expected with a $20,000,000 capital up stock common Operating and delivery costs Selling, gen'l and admin, expenses •13,718,318 ASSETS— Cash various indicated Texas Gulf Sulphur Co.—Annual Report— Gross for compared as property CONSOLIDATED equities stocks. Provision 8,450.000 — - per It be somewhat stock outstanding. comprise 100,000 each of 4.10% and 4.25% preferred ("Chicago Journal of Commerce.")—V. 171, p. 886. Other made Net to with of ______ 169.465,177 expenses- Depreciation Fed. plans publicly. Under the proposal, the Tennessee Gas would have a half interest in the new organization and its stockholders would receive right for a proportionate interest in the stock to be issued, or $4,000,000, Common stock capitalization of the Tennessee Gas consists of 5,000,000 $5 par value shares, of which 3,333,333 are 4 income admin. interest conjunction issuance to stockholders. ' and company in the $71,753,167, Cash the tLands 194,009,466 201,344,432 income- Cost, of accrued Corp.—Pays $71,753,167 for The chemicals and plastics groups continued the expansion of production facilities at .plants located in Indiana, Texas, and West Virginia, and commenced the construction of a phenol plant in Ohio. A plastics fabricating plant was completed and plaoed in production In Canada. Production and power facilities were expanded for plants of the alloys and metals group in Ohio and West Virginia. Three largetonnage, low-purity oxygen plants were completed by the industrial gases and carbide group during the year. The expenditures in the electrodes, carbons, and batteries group were for increased production facilities in a number of established plants. interest, in each Chicago, or at Dillon, involve Inventories of sulphur above ground Inventories of materials and supplies Invest, in & advances to sub. & 1946 $ Total $750,000 $396,000 bonds, 23A% accrued subsidiary, gas. the Miscellaneous Other financial company is being set derived from natural remainder, stock (par $25) at $43.121/2 per share. Dealers' discount, 80 cents per share. The offering was oversub¬ scribed.—V. 170, p. 1639. Net 102.10% and Chicago, may rights Dividends Standard Oil Co. (Indiana)—Secondary Offering—The First Boston Corp., Coffin & Burr, Inc., and Paine, Web¬ common in new chemical company Chemical Corp., which Operating California-r-Secondary Distribution 9. of at of New York. new Of - —The First Boston Corp., Coffin & Burr, Inc., and Paine, Webber, Jackson & Curtis, after the close of the market on Feb. 28 made a secondary distribution of 16,989 shares of common stock (no par) at $62 per share. Dealers' dis¬ p. be 101%% Bank to 43 by operating groups were as follows: Alloys and metals, $21,734,928; cnemicals approximately and plastics, $41,068,454; electrodes, carbons, and batteries, $3,545,311, and indus¬ trial gases and carbide, $5,404,474. Redemptions line Carbon expenditures additions Accrued • ■- Standard Oil Co. of count pipe 1949 purchase from Kentucky common to 171, r' in transfer will at structure. shares of proceeds to be used by the Equitable's outstanding bank retire to ■that outstanding (the preferred to be retired); Equitable ceeds V. will bonds bonds capitalization will approximate $25,000,000. par amounting to $1,200,000 at Dec. 31, 1945; (f) Equitable will borrow $1,800,000 from The Farmers Deposit National Bank of Pittsburgh and $1,200,000 from Mellon National Bank & Trust Co.; Equitable The National understood purchase $17,500,000 20-year 3Va■% and will amend its undetermined number of debentures is up Mathieson 1950, (including the loans (g) First set com¬ stpek from $15,000,000 to convert an the classified latter amounted /New Chemical Unit May Be Formed— securi-- holdings of scock; (e) 23/4% The The ot common having a lower par value; (d)* Equitable will issue to Philadelphia, mon in stock ties" described 3% the at It common $24,500,000 par value and shares of $20 par common shares held by the on on 1949, "21,734 1966. Read & Co., Philadelphia Philadelphia of the all below), r value to ' increase 29,090 "66,336 mortgage due and ■ . .(c) Equitable will authorize the issuance sinking fund, debentures,, dated March 1, to kind Equitable, inV'd" Kentucky; charter 4,236 5,848 During 699. p. & Construction— • will declare 2,825 shares of Kentucky preferred;• ■,,(b.) Philadelphia will tarnsfer to mon of 171, qase • stock 60,854 59,879 income— oper. Payment 51,250 common 1947 $359,362 the series Equitable, The outstanding 1948 $352,042 company has called for redemption on April 1, 1950, first mortgage pipe line bonds, 3% series due 1967, and predecessor company's first of its > . 1949 $378,349 117,497 Tennessee Gas Transmission Co.—Partial the proceeds of the sale by Standard of together with bank borrowings, to redeem, described as ry. "Deficit.—V. use stock, 1950 railway railway. from Union Carbide common Duquesne Light Co., :a Philadelphia subsidiary. Philadelphia proposes to Oil CHRONICLE $390,275 from Net . same, of Gross ; ... . its FINANCIAL "Tennessee Central Ry.—Earnings— and mission, provided at the time of such Reorganization of the Pittsburgh Railways System and for Discharge of Philadelphia Cc.'s Guarantees Afiecting Pittsburgh Railways System Securities^ shall have been consummated or become binding. Otherwise, the note could be convertible into common stock of Equitable, if Philadelphia has not then sold for j & (987) convert stock COMMERCIAL 096 of common shares offered stock on of are part of an authorized issue of 250,000 200,000 are outstanding. The 190,- which March 3 represent the holdings in the power of Consolidated Electric & Gas Co., The Middle West Corp. Copper Range Co., and five minority stockholders. Upon com¬ pletion of the current sale, Upper Peninsula Power will cease to be a subsidiary of these companies. None of the proceeds from the sale company and Torrington Manufacturing Authorized Stock— The Co.—Plans Reduction in will stockholders will be received by the company itself.—V. vote March 8 on a proposal to reduce the capital stock from $850,000 to $750,000 by cancellation of authority to issue 4,000 shares of $25 par preferred stock, none of which is outstanding at present. The stockholders also will be asked to authorize the directors to 171, p. 788. authorized (G. S.) • The SEC Suppiger Co., St. Louis, Mo.—Files With SEC— company, covering offered at will added be par on 2.000 ($100 to Feb. 20, shares per working of filed 5% share), a letter of cumulative with capital. no notification preferred with stock underwriting.. The to the be proceeds continue for employees warrant a if the calendar current dividend net to the year earnings 1950 a during reasonable the year stockholders.—V. 164, p. distribution are 324. sufficient to to Virginian Ry.—Earnings— January— Gross from Net from Net ry. —V. 1950 railway railway oper. 171, p. income 595. 1949 1948 1947 $2,129,030 $3,460,561 $3,359,471 $3,321,574 692,849 1,330,510 1,269,007 1,605,879 432,047 872,698 791,789 983,161 U Wabash Gross from Net from Net ry. —V. railway income 171, p. 1948 $8,133,082 1,662,324 599,854 $8,396,719 2,301,414 $7,527,018 2,144,623 950,481 911,198 The Acquisition— committee of the board of directors on Feb. 20, 1950 unanimously recommended that this company acquire the capital stock of Crown Manufacturing Co. The committee proposed that the capital stock of Wamsutta Mills be increased by T,000 shares of $100 par value consented had stockholders of record The < before Dec. on or at par New of shares of (EST) on stock of Wamsutta. will receive one share of stock for each share of Crown common stock.—V. All Net railway operating income Net income Trust 701,761 to Net ry. 295,539 railway from oper. *157,328 387,575 income— 668,651 $3,234,117 * — $3,060,106 679,873 fixed after charges at Co.—Secondary Offering—A sec¬ Western Natural Gas ondary offering of 3,000 County O. (P. 171, Bond offered Sale—The S195.000 bonds Feb. 28—v. awarded to were 171, Birmingham, First National Bank, & Co., both Thornton, IVIohr Montgomery, as 2 Vs«, at a price 100.86, a basis of about 2 04%. of Additional refunding on above Sale date $80,000 warrants road The offered — price of awarded were the above syndicate, 100.65, 2Vss, at as to a basis of about a 2.06%. (State of) Offering — Chester G. Johnson, State Treasurer, will the Bond Offering—James E. De- Souza, Clerk of the Board of Su¬ pervisors, will receive sealed bids until 2 (MST) p.m. on Duarte Sch. 4-380,000 Sch. Dist. No. 14 bonds. Due on July 1 from 1951 to 1970 bids until 9 7 the for on Dist. Due on 1969 3 bonds. Crom 1951 to No. inclusive. Dated July Jan. tion $1,000. 1, 1 1950. Denomina¬ Interest J-J. (PST) a.m. purchase bonds. March on of $126,000 April Dated Denomination $1,000. 1, Due April 1 from 1952 to 196.9 in¬ clusive. Principal (A-O) payable Treasury. Fresno Bond and interest the County at County Sch. Dists. (P. O. Fresno), Calif. Offering—E. Dusenberry, County Clerk, will receive sealed bids until March 10:30 (PST) purchase a.m. the for 14 bonds building 1951 has Dated been & Co., of Tucson. Bosworth, Sullivan & Co., and Peters, Writer & Christensen, both of Denver, jointly, as 3s. Dated Jan. 1. 1950. Legality ap¬ bonds, Gurdon, (A-O) Due on April 1 from 1960 inclusive. April 1, 1950. Denomina¬ hospital bonds purchased by Hill, bidder was Co.I Stranahan, Barcus, Kin¬ dred & Co., Commerce Trust Co., Kansas City, Provident Savings Inc., Cincinnati, and Bank & Trust Co., Philadelphia bidder a was interest net a 1, Pa.—V. cost of The second highest 1.70%. J. S. Strauss & Co., on bid reflecting a net interest cost of about 1.71%. R, & Co., and Hel¬ H. Moulton ler, Bruce & Co., both of San Francisco, jointly, were associated with Blyth & Co., of San Fran¬ cisco, in the purchase of the bonds, at a price of 100.07, as fol¬ lows: $40,000 as 5s, due on April 1 from 1951 to 1954 Inclusive; $70,000 114s, due as 1955 on April 1 from inclusive; $40,000 as 1961 to lV2s, due on April 1 from 1962 to 1965 inclusive, and $150,000 as l34s, due on jointly, for 5s, 2y4s and 2V2s, on a bid reflecting a net 2.31%. Santa Clara County interest cost of about No. Union High Sch. Dist., San Diego County San (P. O. Diego), Calif. Sale — The Sch. Junction County (P. O. Dist., school 171, p. awarded to Dean Wit¬ $11,000 offered Feb. 27—v. 887—were Co., of San ter & Sacramento Francisco. Elementary Sch. Dist., Mesa Union Ventura Sale Bond — The $400,000 con¬ Sacramento), Calif. struction, Series A bonds offered Sale—The Bond County (P. O. Ventura), Calif. price of 100.24. Sylvan School District, Sacramento County (P. O. Sacramento), Calif. Bond Offering—C. C. LaRue, County Clerk, will receive sealed March $45,000 bonds. Dated April 1, 1950. Denomina¬ tion $1,000. Due on April 1 from 1952 to 1975 inclusive.. Principal bids until 10 a.m. (PST) on 6 the for and interest (A-O) payable at the Legal¬ ity approved by Orrick, Dahlquist, Neff & Herrington, of San Fran¬ cisco. Denver (City for Co., of Los Angeles, Paine, Web¬ ber, Jackson & Curtis, of Chicago, Heller, Bruce & Co., of San Fran¬ cisco, and Stern Frank & Meyer, of Los Angeles, jointly, at a price parking 171, p. 700 — Improvements of Manager Colo. Campbell, and Parks will receive sealed bids un- till v. and County), Bond Offering—T. P. were — of County Treasurer's office. awarded to the William R. Staats Feb. 21 purchase school coupon or registered 11 a.m. the bonds. (MST) March 14 $3,700,000 revenue, series Dated April 1, 1950. nomination 1950 De¬ Legality ap¬ $1,000. Pershing, proved by Dick Dawson, of & on of purchase Sale—The $130,000 Bond from 1972 to 1980 follows: $20,000 as 1951 110,000 4s. Due on April 1 and as Bank 1952. both of New York, inclusive. highest bidder was bid reflecting interest cost of about 1.68%. second Weeden & Co., on a a net Palo Alto, Bond Sale—The Calif. $300,000 water electric system, Series A bonds offered Feb. 24—v. 171, p. and 700 Co., were awarded to Blyth & of San Francisco, on a bid — The in iy2s. Due on April 1 from 1953 to 1963 $1,409,000 syndicate composed of the Na¬ tional City Bank, First of Michi¬ Corp., Dean a COLORADO Sanitation Dist. (P. O. San Jose), Calif. 4 Witter & Co., for 2y2s, was at 1975 inclusive. The gan 171, p. 837. April 1 from 1966 to Kaiser & Co., Principal and interest payable at the County building bonds offered Feb. 27— 171, p. 789—were awarded to a $26,500 & Co., & Harris on 3%% bonds, Bosworth, Denver. DELAWARE ing bonds offered to Grossmont Bond Ark. Sale Details—The second highest Nuveen John divided v. Bond 1965 inclusive. Due on March 1 to 1970 inclusive. Treasurer's office. Phoenix. ARKANSAS to Is. from 1966 The tion $1,000. proved by Gust, Rosenfeld. Duielbess & Linton, of 1960 as of follows: Wickenburg, Ariz. revenue Due on March 1 on Bonds Sold—An issue of $80,000 sewer 424,000 as 214s. from April 1, 1950 $321,000 series, due April 1, 1960, Pennsylvania, and Chestnut; redemption for fund of 100.002, a basis of about 2.32%, build¬ as follows: Feb. 28—v. 171, $65,000 as 5s. Due on April 1 p. 897 — were awarded to J. A. $14,000 Teague Sch. Dist. bonds. from 1951 to 1960 inclusive. Due on April 1 from 1960 to Hogle & Co., of Los Angeles, and 155,000 as 2J/2s. Due on April 1 Mitchum, Tully & Co., of San 1970 inclusive. from 1961 to 1971 inclusive. Francisco, jointly, at a price of 100,000 Auberry Union Sch. Dist. 180,000 as 2s. Due on April 1 100.17, a basis of about 1.55%, as as bonds. sold to Henry Dahlberg Due on March 1 1959 inclusive. bonds $114,000 inclusive. 215,000 Sch. Angeles Los County Clerk, will receive sealed March 20 school bonds, divided as follows: Dist., County (P. O. Los Angeles), Calif. Bond Offering—Harold J. Ostly, for the purchase of $595,000 coupon from 1951 to purchase of $50,000,000 school Dated May 1, 1950. 1950. Maricopa County School Districts (P. O. Phoenix), Ariz. about bonds. building ARIZONA reflecting 355,000 fcr Co. sinking interest. Payment will be made at The Banking and Trusts, successor trustee, 15th and / S. Dickson & Co., of Chicago, and Lyons & Shafto, of Boston, at a price of 100.18, a basis of about 2.27%, as follows: re¬ ceive sealed bids until May 3 for ' R. cisco, California Bond 386,423 162,141 DEPARTMENT Schwabacher & Co., of San Fran¬ $630,000 as 5s. com¬ Both of Leach. v. at a price 789—were sold p. in *4,690 AND NEGOTIATIONS CALIFORNIA posed of the First National Bank, ♦Sterne, Agee & Little noted of par. 789— p. syndicate a previously 102% called been have mortgage Sts., shares of common stock (par$l) v ■ Crawford & Sanford, Inc., of 16,027 886. p. Corp.—Partial Redemption— York There first BOND PROPOSALS Birmington), Ala, *343,974 Deficit.—V. 171, p. 886. STATE AND CITY Jefferson *220,513 204,721 ———— 171, ' 42,150 276,457 - $1,922,197 317,106 14,719 income... oper. 1947 $2,212,743 294,527 railway from ry. ♦Deficit.—V. 1948 1949 $2,099,516 301,458 1950 $1 908,602 railway.— from Net 1949 railway operating income— Net to $1 par value.—V. 171, p. 886. par Net 1950 Railway operating revenues—: Net revenue from railway operation- as through the exchange of three new shares for each share outstanding. also will be given to changing the authorized common Wisconsin Central Ry.—Earnings— Northern Ry. and Tidewater Southern Ry.) (Including Sacramento Commission previously ordered disposition of the water distribution properties, and the company chose to sell the entire .system, including its water supply and transmission systems, dams and other collateral equipment.—V. 171, p. 783. Rock, of no Gross STATEMENT OF EARNINGS The ALABAMA purpose January— CONSOLIDATED Net meeting of the common stockholders will be held March 8 of acting on the advisability of increasing the total outstanding shares of common stock from 372.000 to special the from *Deficit.- Co.—Proposed Sale— under Consideration 1947 $2,956,492 404,432 134,021 1948 $3,226,745 500,000 offered Winn & Lovett Grocery Co.—To Split-Up Stock— 1,116,000 presently 1943 $2,877,612 76,256 be March on to A Co.—Earnings— 1950 $3,053,940 664,527 railway-— from Gross has notified the SEC that it has contracted for the the City of San Angelo, Texas, of «its entire water system in and adjacpnt to that city, for a cash consideration of &4,887,272. 2 filed with the SEC a registration shares of common stock (par $12.50) an employee stock plan to employes of the company and five of its subsidiaries. The proceeds will be used for general corporate purposes.—V. 170, p. 2588. corporation are number January— company located , covering 794,933 — January— West Texas Utilities to which for Western Pacific RR. Wamsutta common 168, p. 890. 500. The Mines, Ltd., Vancouver, B. C. Westinghouse Electric Corp.—Registers With SEC— The 171, p. 886. —V. Co.—To Redeem Debentures— 25-vear debentures (subordinated) due 1, 1950 at 103'ic at the Guaranty New York on and after March 31, 1950.—V. 171, uf Company 3,800 and the loans 1949 $3,854,297 1,223,391 730,429 after fixed charges—-.., will be redeemed and payable on April accrued interest. Redemption will be made 1970 16,734 (non-personal liability) on March 2 filed a registration 800,000 shares of common capital stock ($i par be offered to the public at 35 cents a share. , No underwriting is involved and the company said that a selling commission of 7 cents a share will be paid to those persons selling the stock. The SEC said the stock was being offered as "a specula¬ tion" and that the price "was determined arbitrarily." that is value) 9,500 1950 —$2,632,805 —545,537 — 373,325 Operating revenues operating revenue Net outstanding 5%% the of 1, 52,199 35,872 covering statement Ry.—Earnings- Western Maryland Net Ward Baking new were equal number oi will receive an stock preferred Crown of used to repay short-term construction.—V. 170, p. 2334. proceeds for Telegraph Co., as the holder of then outstanding, subscribed for offered. & shares 6,000 January— of preferred Holders of common stock $338,919 77,442 886. p. statement ^ March 15. on Holders 1947:"..' 1948 $365,953 This company 1949, had the right to subscribe Dec. 10, shares 15,000 the the net balance of at least two thirds of the outstanding the proposal. ,T The First National Bank of New Bedford, 545 Pleasant Street, New Bedford, Mass., is depositary. The exchange offer expires at 2 p.m. chares 171, 33,883 income— oper. Western Uranium Cobalt Co.—Stock Sold— additional capital stock the basis of one new share for each 2V2 Telephone England The only recently completed the constrcticn of a yarn dye plant. A special meeting of the stockholders will be held on March 10 to take action on the proposed offer to the stockholders of Crown Manu¬ facturing Co. for the purchase cf the outstanding stock of that com- of and from free surplus does not 1 ry. railway from Net 1949 for 6,000 shares of 30, share.) ($25 per owned. shares shares and Net —V. railway. from 1948 $352,243 47,184 17,009 1950 $353,044 82,888 January— Grosa —Registers With SEC— common fwiny. The affirmative vote stock is required to approve Alabama—Earnings- Western Ry. of i authorized capital of 60,000 an members.—V. 168, p. 1821. 75£ per share to NASD to offer its an Westerly Automatic Telephone shares value par no .sale to restriction from earnings after Jan. of $64,000 at that date, provided earned drop below $500,000.—V. 170, p. 2069. stock of which 56,493 shares are outstanding and 3.507 shares are in the treasury of the company. Crown Manufacturing Co., which like Wamsutta is controlled and managed by the Axelrod interests, is regarded as one of the most mod¬ ern and best equipped textile mills in the North. The company has Mills presently has Wamsutta and plans surplus stock, and that said additional of Crown Manufacturing Co. in Mills. Oct. it that without paid of no par value stock be offered to the stock¬ holders payment for 7,000 shares ot 3cumulative preferred stock (par $100) and 50,000 shares of com¬ mon stock (par $10) of that company which are now outstanding. These recommendations were approved by the board of Wamsutta of 1 50,000 shares preferred stock and cumulative common March on right to purchase new shares of the stock record date has been set for the offering. disclosed that directors The special 3%% No share by Rotan, Mosle & per Tex., with a dealer concession of Moreland of Houston, five insurance companies that hold the amendment to the mortgage indenture that would release it from the restriction of not paying out more than 80% of annual earnings in dividends. As a result, dividends now can be 788. Wamsutta Mills—Plans the stockholders l-for-14 basis. a debt A announced company common on 24 at $23 made Feb. was Offer Rights to Common Stockholders— 1947 1949 1950 $7,607,437 1,510.033 434,519 railway oper. Virginia Water Service Co.—To West RR.—Earnings— January— 1950 Monday, March 6, FINANCIAL CHRONICLE & COMMERCIAL THE (938) & inclusive. second highest bidder was America of National Trust Savings Association, San Fran¬ cisco, on interest a cost bid of reflecting about a net 2.32%. Claymont Spec. Sch. Dist., Del. Bond Offering — H. E. Stahl, Secretary of the Board of Educa¬ tion, will receive sealed bids un¬ (EST) on March 15 for til 4 p.m. the $160,000 school 1950. Due April 1 from 1951 to 1970 in¬ purchase bonds. on clusive. Harrington Bond Savanna Sch. Dist., Orange — Spec. Sch. Dist., Del. Offering—Ellwood County well, President Board of (P. O. Santa Ana), Calif. The $45,000 school bonds offered Feb. 28—v. 171, p. 887—were awarded to Weeden & Bond Sale of Dated April 1,? Gru- Educa¬ tion, will receive sealed bids un¬ til 1 p.m. (EST) on March 21 for the purchase of $210,000 school 1950 coupon or registered bonds. Dated March 1, 1950. Denomina¬ Co., of San Francisco, as 2y2s, at tion $1,000. Due on March 1 from a price of 100.77, a basis of about 1951 to 1975 inclusive. Principal 2.41%. The second highest bidder —""m*"- Volume 171 Number 4887 THE and interest (M-S) payable at the Farmers 'Bank of the State of West Delaware, proved tary burn, of New York City. 101.16, syndicate and Bond Sale National consisted Nov. on 1 able from Nov. on 1951 1, interest Charles 1 from sealed bids until 8 p.m. (MST) on March 7 for the purchase of $550,- Bonds Due to 1959 are call¬ 1951, and on date payment 171, local Shoshone County Class A Sch. Dist. No. 13 (P. O. Kellogg), Idaho Due inclusive. on April 1, 1953, at optional price of ond D. par. bonds 130,000 Feb. Guthrie the 27 Bank, of Guthrie 2s, at a price of 101.61, The bonds offered 789—were The Feb. awarded 701—were of 96.66, a basis 1.79%, as follows: $1,000,000 ly2% about of playground bonds. 6,000,000 1^% 5,000,000 iy2% ■ sewer bonds. super 1,600,000 iy4% highway until voting machine Due water works, provement and refunding reflecing Bond Sale Details—The 1, 1950. Due on Bonds to Eminence, Ind. 1950 bonds offered Feb. price of 101.20, 28—v. basis The second high¬ a est bidder was Frank E. Hailstone at a price from 52,000 1951 The 52,000 as as 2i/4s. Due 96,000 Bros. & 1951 Due to 1961 23/4s. as Jan. on 1 inclusive. Due on Jan. The 2V2s. as 1968 second 2.50%. Due on 1970 to inclusive. Jan. highest bidder was & Co., and Associ¬ $12,000 fire 100.08, a basis of about Treasurer, sealed bids until 11 of a net interest cost of about 2.59%. second highest bidder was The Scharff & Jones, Weil & Co., and Howard, Labouisse, Friedrichs & Co., jointly, on a bid reflecting a net interest cost of about 2.62%. Gretna, La. Offering—Julius City F. Ho- Clerk, will receive sealed bids until 8 p.m. (CST) on March 30 for the purchase of $275,000 public improvement bonds. Dated nomination from 1951 gality $1,000. to City 1, 1950. Due 1975 approved Thalheim, Julian Jan. on De¬ Jan. 1 inclusive. by Le¬ Andrew Attorney and Samuel, of Gretna. March — Bower Haw¬ 13 for the purchase of water, sewer and street improvement coupon bonds. Dated $108,000 Au¬ March 1, 1950. Denomination $1,000. Due on March 1 from 1952 First tp 1—v. March interest 1961 inclusive. payable at Winnfield), La. Denomination (CST) on March 25 for the purchase of $15,000 school bonds. approved by 1950. De¬ Chapman maintenance Dated Nov. & notes of count. on at Nov. 8, 0.94% dis¬ 1950. Hanson, Mass. Sale—The $500,000 bonds Bond offered were Feb. 28—v. and hospital renewal March Note 1950. Treasurer, bids sealed March until 7 March for 11 the loan A. on Ewell, receive a.m. (EST) purchase of hospital notesr 1950. Dated Denomination Due Nov. on Winthrop, Mass. Note Sale notes awarded — The offered the to $300,000 Feb. discount. Due 20 rev¬ were Merchants Bank, of Boston, on Oct. Na¬ 0.69% at 20 and 15, 1950. 171, p. 888— awarded to Kidder, Peabody Co., of Boston, Harriman Ripley Co., Inc., and the Lee Higginson Corp., jointly, as l%s, at a price of 100.53, a basis of about 1.69%. & & Lexington, Mass. Bond Sale—The $190,000 sewer bonds offered Feb. 28—v. 171, p. 888—were awarded to L. F. Roths¬ ceive sealed (CST) bids Clerk, will Series loan notes 171, offered Feb. 24 until 8 p.m. Denomination $1,000. Due on Oct. 1 from 1950 to 1959 inclusive. All bonds maturing after Oct. 1, 1954 being subject to redemption, in in¬ verse numerical order, on said interest payment date thereafter, at a premium of 2% if redeemed prior to Oct. 1, 1957, and a premium of 1,% if re¬ date and on any deemed after Oct. 1, 1957. Princi¬ pal and interest (A-O) payable at the Bessemer Emmett National (P. O. Twp. Sch. Dist. No. 11 Battle Creek), Mich. Bond Offering—Albert E. Wood, Director, will receive sealed bids 8 p.m. (EST) on March 9 H. the Branch Banking & Trust Co., for L. of bidder was the County (P. O. Elbow Lake), Minnesota 790—were awarded to Shaugh- nessy & Co., of St, Paul, and C. J. Ashmun Co., of the Minneapolis, jointly, as lJ/2s, at a price of 100.28, a basis of about 1.46%. The second highest bidder was North¬ western National olis, for 1.60s, at Bank, Minneap¬ price of 100.35. a Hennepin County Com. Sch. Dist. Bond Sale—The $125,000 build¬ bonds offered Feb. 24 were ing awarded to Piper, Jaffray & Hopwood, J. M. Dain & Co., and the Williams Co., all of Allison - Minneapolis, jointly, at 42,000 a a price of basis of about 2.60%, as 2s. as as from 41.000 on until highest Improvement warrants. Sale—The $150,000 drain¬ age bonds offered Feb. 28—v. 17J, March 13 for the pur¬ $50,000 water revenue coupon bonds. Dated Oct. 1, 1949. 790—were awarded to second $14,000 12 Due as from 2V2s. on 1959 to 23/4s. Due Feb. 1 from on Feb. 1 1964 inclusive. Due on Feb. 1 1965 to 1969 inclusive. chase- of p. Wilson, at 0.78% interest. The Grant re¬ of Detroit. —v. warrants; Fund No. 1953 to 1958 inclusive. at Lynn Housing Authority, Mass. No'te Sale—The $200,000 First Im¬ Special Assessment warrants, divided as follows: $26,500 Improvement Fund No. II $42,000 child & Co., of New York, as l%s, price of 100.77, a basis of about 1.67%. receive Street follows: Bank, Bessemer. Legality aproved by Miller, Canfield, Paddock & Stone, a will provement 100.08, kowski, Jr., City Clerk, $40,500 No. 27 (P. O. Lakeland Avenue, North Minneapolis, 22), Minn. 15, 1950. enue of Bond Due will tuberculosis 7, purchase p. Offering—Avis County on 7, Village sealed bids until March 15 for the motes. Bond Offering—Frank A. Draz- — Boston, notes. MICHIGAN The $500,000 rev¬ offered Feb. 23 were Due on Bessemer, Mich. Chelsea, Mass. Sale (EST) 15, 1950. MASSACHUSETTS Note receive loan $25,000. 100,000 tuberculosis a.m. Dated April 1, a.m. Warrant Offering—Bert D. Put¬ nam, Ewell, $50,000 $25,000 and $50,000. Offering — R. L. Terry, Secretary of the Parish School Board, will receive sealed bids 10 A. will $300,000 temporary maintenance until Avenue, Minneapolis 22), Minn. March 7 for the purchase of $400,000 notes, divided as follows: $300,000 Grass Mill Sch. Dist Vidalia), La. Barrow, Leary & Co., Shreveport, on a bid reflecting offered Offering—Avis County 1 ' Winn Parish, enue 5 Minn. Offering thorne, Village Clerk, will receive sealed bids until 8 p.m. (CST) on Legality ap¬ Storey, Thorndike, Dodge, of Boston. $218,000 790—were awarded to p. Edina, Bond National Denomination $25,000. Fox, Reusch ates, for 2V4s, 2V2s and 2%s, at a price of 101.50, a basis of about Bank, No. Mich. Golden Valley (P. O. 3245 Nobis Note 1 awarded to the National Shawmut Concordia Parish Sch. Dist. Legality approved by MINNESOTA Plymouth County (P. O. Plymouth), Mass. & a 2V4s. as from March 1 LOUISIANA 171, 888—were awarded to the inclusive. on Fraser. Miller, Canfield, Paddock & Stone, pay¬ interest. from 1962 to 1967 inclusive. on from 1958 to 1961 inclusive. tard, equipment 1950 bonds offered Jan. 31—v. 171, p. 501—were awarded to the City Securities Corp., In¬ dianapolis Bond & Share Corp., and the Fletcher Trust Co., all of Indianapolis, jointly, as iy4s, at a price of 1.23%. 1953 Due March 1 of of Detroit. of Detroit. Boston. notes p. syndicate a Stein Long 167,000 March 1 from 1954 to 1957 inclusive. Bond — to 21/2s. on Merchants Sale—The Cutler, of Chicago. Due Principal and interest (M-S) payable at the State Bank 1965 inclu¬ Housing thority, Mass. Series Nov. 3V2s. to Attleborough a cost gality of Greencastle, Ind. Sale on interest tional as inclusive. Paine, Webber, Jackson & Curtis^ pur¬ by Note nomination $1,000. Due on April 1 from 1951 to 1965 inclusive. Le¬ 100.94. Bond been awarded to 171, p. 789—were awarded to Fox, Reusch & Co., of Cincinnati, as 1Y4s, $142,- North The second Burkholder, of price of 101.50, a basis of about 2.47%, as follows: Bond Sale—The $174,000 school bonds offered Feb. 27 were Bond Sale—The $32,000 building for of has of proved Equitable Securities Corp., and Russell, Long & Burkholder, of Lexington, jointly, at a price of 101.02, a basis of about 2.27%, as follows: pur¬ INDIANA Co., bonds the (P. O. & Russell, (P. O. Sold—An issue refunding $385,000 bonds 1.51%, for $325,000 iy2s, and $60,000 as l3/4s, as pre¬ viously noted in v. 171, p. 789— were sold at a price of 100.52. of about 1.60%. Nov. 1 from 1951 to Middlesborough, Ky. about a to of from bonds. Dated Denomination the Palmer & 171, awarded $237,000 years. Bank, p. Bond chased by Blyth & Co., of Chicago, on a bid reflecting a net interest l3/4s, at bonds. at $38,000 Pekin, III. of net a Lexington, at revenue refunding coupon bonds. Dated Sept. 1, 1949. Denomination $1,008. Due on Sept. 1 from 1951 to 1963 —v. p.m. the Principal and interest able M. 1951 on — KENTUCKY sold of Due years. 1963 inclusive. Legality approved by Chapman & Cutler, of Chicago. 000 cost obligation March Bond Corp.; J. T. Swartz & Co., and Barcus, Kindred & Co., all of Chicago, jointly, as 4s. Dated Jan. 1, 1950. Legality approved by Charles & Trauernich, of St. Louis. building p.m. bids until 8 p.m. (CST) on March 13 for the purchase of $10,000 gen¬ bonds has been sold to the Munici¬ municipal 7:30 receive 1 frorp (EST) Principal and any suitable banking institution designated by Branch Banking & Trust Co., of the purchaser. Legality approved University of Louisville (F. O. Wilson, at 0.76% interest. The sec¬ by Dorsey, Colman, Barker, Scott ond highest bidder was the Second Louisville), La. & Barber, of Minneapolis. Bond Sale The $500,000 first National Bank, Boston, at 0.77% Monona, Iowa Bond Offering — Edna Meyer, Town Clerk, will receive sealed revenue pal Barnes, E. re¬ of $60,000 water loan cou¬ bonds. Dated April 1, 1950. Denomination $1,000. Due on National Bank was Commerce, New Orleans, bid Denomination $500. im¬ sewerage about 2.87%. composed E. serially in 20 Mascoutah, III. Sold—An issue of $292,- Bonds will 9,000 water works $500. bonds. 000 Clerk, eral bonds. Iowa Offering—M. serially in 20 Co., City National Bank & Trust Co., and the American Naprice of A. Almstedt Bros., O'Neal, Alden & Co., J. J. B. Hilliard & Sons, W. L. Lyons & Co., all of Louisville, and Trust a 171, the of about 2.89%. sec¬ $16,000 water works bonds. First National Bank, Harris Trust & Savings Bank, Northern tional Bank, all of Chicago, at to 12:15 for 8 colai, sealed bids until 8 p.m. March 15 for the purchase of $53,000 water revenue extension and Sale—The $17,000 general obligation bonds offered Feb. 27 chase sive. , sealed Co., ; awarded highest bidder price of a 27—v. March on Mich. Bond Charles — sealed bids until April 1951 Offering—Richard E. NiVillage Clerk, will receive pon $257,000 school Feb. Offering (EST) Boyce, of Louisville, Blyth & Co., of Chicago, Bankers Bond Co., bids syndi¬ a 1 (CST) on March 6 for the purchase of $25,000 bonds, divided as follows: $13,600,000 171, p. to Feb. on 1968 inclusive. mortgage bonds offered Feb. 24— Town 28—v. cate composed of the Continental Illinois National Bank & Trust Due ceive from 1 Principal and Bond Olivet, Newburyport, Mass. Houghton, City Treasurer, will Smith-Wood Co., of New Orleans, on a bid reflecting a net interest Carleton was Co., for 2s, at Bond basis of about 1.98%. a Note Sale—The 1 inclusive. 1 cost of offered Liscomb, Chicago, III. — Feb. on 1958 2y2s. as bonds offered con¬ 101.60. ILLINOIS Sale Due 1955 to 1 were Bond 23/4s. as from Bond Sale—The par. to highest bidder Beh 100.20, April Fraser, sewer 888—were awarded to p. Bond Livingston Parish Sch. Dist. No. (P. O. Livingston), La. a State as Bedford, Mass. Sale—The $474,000 171, Feb. 1 from on as 2y4s. Due on Feb. from 1969 toJ.975 inclusive. v. to $75,000 basis of about 1.85%. a on The — awarded County Center, April 1 from 1951 to All Sale struction were as price of 101.01, a basis Dated April 1, 1970 — awarded a New Bond 1954 inclusive. to 358,000 Guthrie Center, Iowa 2.15%. 1950. investor, at Bond Bond Sale—The $100,000 school bonds offered Feb. 27 were award- a 789—were p. & York City. loan of 1946 bonds offered Mar. 1 171, p. 701— syndicate com¬ a from 1959 to Dubuque, Iowa $25,500 CherryStreet Sewer Dist. Spec. Imp. bonds offered Feb. 25 Legality approved by Chapman & Cutler, of Chicago. about 1—v. 4s. Due as 398,000 . the holder. 21/4s, at $114,000 dated March Bond Sale—The Green Heenehan $1,000,000 notes offered Feb. 28—v. 171, p. 888— Bank; Newman, were awarded to the Merchants Brown & Co., and Nusloch, Bau- National Bank, of Boston, at dean & Smith, all of New Orleans, 0.95% discount. The second high¬ at a price of 100.002, a basis of est bidder was National Shawmut about 2.40%, as follows: Bank, Boston, at 0.96% discount. 1951 to 1959 inclusive. are March on inclusive. interest (A-O) payable at a bank 6, 1951. Legality or trust company to be designated Sullivan, Donovan, by the purchaser. Legality ap¬ Hanrahan, of New proved by Miller. Canfield, Pad¬ dock & Stone, of Detroit. by Charles, La. Des Moines. 1, 1950. Denomina¬ $1,000. Principal and interest (M-S) payable at the Irving Trust Co., New York City, or at the City Treasurer's office, at the option of of Nov. 1 from 1951 to on awarded to 1951 tion j ed to Blyth & Co., of Seattle, fered were 1, 1950. Legality approved by Bannister, Carpenter, Ahlers & Cooney, of bonds. coupon Due Due 1964 45 March on approved Halsey, Stuart & Co., and Paine, Bond Sale—The $1,000,000 pub¬ Webber, Jackson & Curtis, of Bos¬ lic school improvement bonds of¬ ton, jointly, as 2s, at a price of 10,000 improvement bonds. De¬ nomination $500. Due on May H. Due March 6/ 1950. Hibernia National thereafter. — been & 000. to dated are Boston, at - posed of Blyth & Co., of Chicago; of: inclusive. The bonds Williams, City Clerk, will receive Dated March award¬ were $25,000 construction bonds. Idaho Falls, Ida. building street Corydon State Bank, as any 000 public $35,000 2s and 2y4s. IDAHO Offering: has Nuveen Notes —v. Sale—The ed to the Bank, and J. H. Hilsman & Co., both of Atlanta, at a price of 106.51, a basis of about 1.94%. Bond John 0.78% interest. 1, 1949. Iowa bonds offered Feb. 28 Co., of Chicago, Southern bonds revenue to Lake York, Blair, Rollins & Co., Paine, Webber, Jackson & Curtis, of New York, Johnson, Lane, Space & Co., of Atlanta, Citizens sold IOWA Corydon, Inc., & system (989) Second National Bank, 4 1979 inclusive. of New Nuveen v Sold—An issue of $7,000,electric, water and sewerage 000 basis of about 2.13%. a composed of Lehman Bros., Stone & Webster Securities Corp., both John La. — CHRONICLE Co., of p. 789 — were awarded to R. S. Chicago, and Scharff & Jones, of Dickson & Co., of Chicago, and New Orleans, jointly, as 3V4s, on Braun, Bosworth & Co., Inc., a bid reflecting a net interest cost jointly) as 2%s, at a price of of about 3.43%. Dated Nov. Columbus, Ga. Bond Sale—The $2,000,000 2Vz% bonds offered Feb. 28—v. 171, p. a FINANCIAL Lafayette, $346,000 sani¬ flood drainage and sewer & Bond Sale—The 1950 bonds offered Feb. 24—v. 171, GEORGIA 789—were awarded to Lafayette Conservancy District, Ind. Bond Dover. Legality ap¬ by Reed, Hoyt & Wash¬ COMMERCIAL *•»*> "*•" the building March 1, purchase coupon of bonds. $140,000 Dated 1950. Denomination $1,- Minneapolis, Minn. Bond Sale—The $1,500,000 re¬ funding bonds offered March 1 —v. 171, p. 888—were awarded to a syndicate composed of Phelps, Fenn & Co.; Stone & Webster Se¬ curities Corp.; F. S. Moseley & Co.; Paine, Webber, Jackson & Curtis; Schoellkopf, Hutton & Pomeroy, of Buffalo; First of Michigan Corporation; Hornblower & Weeks; Dominick & Dominick; Reynolds & Co.; Roosevelt & Cross; F. S. Smithers & Co., all of New York; McDonald & Co., of Cleveland; Wm. E. Pollock & Co.; Paul Frederick & Co., both of New York; J. M. Dain & Co., of Minneapolis, and the Milwaukee Co., of Milwaukee, as 1.80s, at a price of 100.33, a basis of about 1.76%. Additional bonds offered Sale—The $4,980,008 on above date awarded to the same were syndicate, as 46 (990) 1.80s,, at THE price of 100.06, a of about Chillicothe, Sale —The park $147,900 parkway im¬ and provement bonds offered date MISSOURI DeKalb 1.79%. Additional special basis a COMMERCIAL also were awarded Bond offered the to water department bonds power Feb. 7 awarded were to iy2s, at as of 100.05. Fork (P. Belgrade), Bond Offering O. maturing Minn. — thereafter E. Andrew March on $35,000 8 road tion $1,000. 1953 bonds. 1950. Denomina¬ 1, Due March 1 from inclusive. Principal 1968 to (EST) m. purchase of bridge and March Dated the for on interest payable at any suit¬ able bank or trust company desig¬ will 1961 and redeemable in year be Legality approved by Faegre & Benson, of Minneapolis. Traverse County (P. O. Wheaton), Minnesota Sale—The Bond age $75,000 drain¬ bonds offered Feb. 28—v. 171, 790—were awarded to the C. S. Co., of Minneapolis, and Shaughnessy & Co., of St. Paul, p. Ashmun as I V2S, at a price of 100.28, basis of about 1.46%. The sec¬ jointly, a ond highest bidder North¬ was western National Bank, Minneap¬ olis, for 1.60s, at price of 100.35. a MISSISSIPPI Brookhaven, Miss. Bond Sale The $579,000 gen¬ — eral obligation bonds offered Feb. 23—v. 171, p. 790—were awarded to a syndicate composed of the J. Co., of Jackson, Union Love S. Planters Co. National Bank Trust & of Memphis, Scharff & Jones of New Orleans, Kingsbury & AlviSj of Jackson, Cady & Co., of Co¬ lumbus, Max T. Allen Co., of Hazlehurst, Herman Bensdorf & Co., of Memphis, Weil & Arnold, of New Orleans, and Lewis & Co., of Jackson at a price of 100.15, a basis of about 2.47%, as follows: $312,000 water works bonds: $40,000 as 3s, due 1951 to 1955 * 2s, due as 1956 to 1961 21/4s, due as 1962 to 1966 2%s, due as 1967 to March 1 from on inclusive; $78,000 March on 1 inclusive; $68,000 on March 1 from inclusive; $70,000 on 1971 March 1 from inclusive, $56,000 as 1 from 1972 to 2%s, due 2s, due as inclusive. 2^4s, to 1966 to $48,000 March 1 O. 1 as from inclusive, 2%s, due 1 from 1972 to on and March 1975 inclusive. Legality Townsend), approved Thorndike, Mont. Palmer by Storey, & Dodge, of Max T. Allen Delaware Township (P. O. Erlton), N. J. Bond 2.58%, as basis follows: $270,000 as 2%s. Due on March 1 from 1951 to 1966 inclusive. 76,000 as 2%s. Due on March 1 from 1967 to 1970 inclusive. (EST) bids March on chase of ment 1950 Feb. 28 $87,000 until 9 for street coupon 2 re¬ p.m. the as Meadow interest and Brook National Vance bids until 11 were — 20 Securities at follows to 108,000 Due l3/4s. Due The second highest bidder of ty Treasurer's office. 1 Sale — Bond ceive 23—v. (EST) sealed bids at awarded the 000 Offering sealed New Bond ing Feb. Brunswick, Sale—The improvement 28—v. awarded the J. $300,000 park¬ bonds 171, to N. Bond offered Denomination bids until 11 P. Parking Bond Woodstock Water Legality approved by Offering—Kenneth L. Wil¬ Town Supervisor, will receive 000 water 1950 tered bonds. N. Y. —v. the 171, p. 791—were awarded to Union Franklinville, >f 100.12, a National as Bank, l%s, at a of price basis of about 1.72%. March 1 a.m. coupon or regis¬ Dated March 1, 1950. Denomination Bond Sale—The $10,000 fire ap¬ paratus 1950 bonds offered Feb. 23 Offering—F. of the Board of Proctor, Education, from $1,000. 1951 to Due on 1989 inclu¬ sive. Principal and interest (M-S) payable at the State of New York National Bank, of Kingston. Le¬ gality approved by Vandewater, Sykes, Heckler & Galloway,--of New York City. works (M-S) proved bonds. payable at the City office. by Legality Squire, East Bond — bonds. pur¬ construe tion Dated April 1, 1950. De¬ Coshocton City Sch. Dist., Ohio Clerk-Treasurer of the Boyd, Board of Education, will receive sealed bids until noon (EST) on March 7 for < bids until noon (EST) on March 14 for the purchase of $67,-! 350 street improvement, Special Assessment bonds. Dated April 1, 1950. Denomination $1,000. Due on Oct. 1 from 1951 to 1955 inclusive.. Interest A-O. Edison, Ohio Bond ter, Offering Village — Earl Clerk, Shoewal- will receive' sealed bids until 7 p.m. (EST) March 13 for the purchase of on $6,- ! equipment bonds. Dated March 1, 1950. Denomination $500, except one for $600. Due on Oct. 600 fire 1 from 1951 to 1960 inclusive. Principal and interest (A-O) pay¬ able at the Peoples Savings Bank Co., Mt. Gilead. * Elida, Bond Sale Ohio The — works bonds offered $4,000 water Jan. awarded to J. A. White Cincinnati, 100.72, as 3M>s, at 25 were & Co., of. price of, a basis of about 3.29%. a Euclid, Ohio Bond Offering—W. A. Abbott, City Auditor, will receive sealed bids until ■ noon :(EST) on March purchase Of' $65,000: bonds, divided as follows." 20 for the $40,000 transportation system imbonds. provement March 1, 1950. Due Dated Dec. 1 on from 1951 to 1955 inclusive. 25,000 street improvement bonds. Dated July Dec. from 1950 1 1„ 1949. Due to on 1954 in¬ clusive. Denomination $1,000. Legality approved by Peck, Shaffer & Wil- liams, of Cincinnati. Fairborn City Sch. Dist., Ohio Bond Offering — Emerson E. Palmer, Clerk of the Board of, Education, will receive sealed bids until noon (EST) on March 22 for purchase of $890,000 building bonds. Dated March nomination $1,000. Dec. 1 from 1, 1950. Due elusive. Interest J-D. March 17 for the $35,000 Ohio E. Allan Mc- Keever, City Auditor, will receive' (EST) on & sealed and of ap¬ Sanders Liverpool, Offering will receive sealed bids until noon chase Dated Dempsey, of Cleveland. the H. Bond Offering—Lester S. (EST) on March 9 for the purchase of $206,- NEW YORK Bond Clerk (P. O. Bond sealed bids until 11 par. Barlow Local' Sch. Dist., Ohio > Woodstock), N. Y. at Delevan, District Ohio on Treasurer's pur¬ nomination $1,000. Due on Oct. 1 Principal and interest (J-D) from 1951 to 1960 inclusive. Prin¬ payable at the Marine Trust Co., cipal and interest (A-O) payable Buffalo, or at the Marine Midland at the Waterford Commercial & Trust Co., New York City. Legal¬ Savings Bank, Waterfbrd. Le¬ ity approved by Vandewater, gality approved by Squire, Sand¬ Sykes, Heckler & Galloway, of ers & Dempsey, of Cleveland. New York City. son, price of 1, Due Dec. 1 from 1950 to 1974 inclu¬ Committee Chamber of Commerce, a $1,000. or & • 1, 1950. Due terest re¬ a.m. sive. 790—were p. water 000. Brandon — March 22 for the on office. office Offering — E. M. WitzleDistrict Clerk, will receive ap¬ Sanders Denomination $1,Sept. 1 from 1951 to 1962 inclusive. Principal and in¬ of) of John ben, Legality Squire, Defiance, was Hodges, State Treasurer, will $6,000 construc¬ 791—were to Securities North Carolina (State tion registered bonds offered Feb. on The by March p. coupon Dempsey, of Cleveland. basis of about 2.08%. Irving Fire Dist. (P. O. Irving), N. Y. 171, $180,000 Bond Offering—Leonard Corp. Trust F. Pat¬ Co., of Georgia, Atlanta, and F. ten, City Auditor, will receive W. Craigie & Co., jointly, for 6s, sealed bids until noon (EST) on l3/is and 2s, at a price of par, a March 6 for the purchase of $60,- Equitable Legality approved by Vandewater, Sykes, Heckler & Galloway, of New York City. Bond Sale—The of building inclusive. Principal and in¬ terest (A-O) payable at the Coun¬ proved Feb. on purchase sealed, March on 1964 1958 inclusive. as the (EST) April 1 and Oct. 1 from 1951 on from 1959 to 1979 inclusive. Freeport. Hanover, Husak, County of registered bonds. Dated April 1, 1950. Denomination $1,000. Due. Feb. 1 from on for a.m. 4 or : 5s. as 1952 the Bank Board Franklin Avenue & $62,000 Dated March 1, 1950. De¬ nomination $1,000. Due on Sept. 1 from 1950 to 1958 inclusive. Principal the to 889 p. pur¬ improve¬ registered or 171, v. — Co., and R. S. Hays & Co., both of Durham, jointly, at a price of 100.11, a basis of about 2.07%, er bonds. 1950.^ $60,000 bonds offered Feb. 27—v. 171, p. 888— were awarded to Dolphin & Co., of Philadelphia, as 2.65s, at a price of 100.10, a basis of about 2.64%. phis, Weil & Arnold, of New Or¬ leans, and Lewis & Co., of Jacka sealed building 1950 coupon registered bonds. Dated April Co., of Hazlehurst, price of 100.03, ceive 950,000 NEW JERSEY Herman Bensdorf & Co., of Mem¬ son, at a of about Hunt, Village Treasurer, will the of building, Series B bonds offered Commissioners, will receive W. sealed bids until 2 p.m. (EST) on March 9 for the purchase of $2,- — were awarded to a syndicate composed of the J. S. Love Co., of Jackson, Scharff & Jones, of New Orleans, Kingsbury & Alvis, of Jackson, Cady & Co., of Columbus, 24 Clerk school Corp., of Greensboro, J. Lee Peel¬ Stephen — Bond Offering—Frank J. Sale—The $300,000 Beach Boston. Additional Sale The $346,000 water works and sewerage system revenue bonds offered on above date Feb. Bond awarded Offering Cuyahoga County (P. 0.1 Cleveland), Ohio O. — from $60,000 March on 1971 as from con¬ Freeport, N. Y. Bond (P. Mocksville), N. C. $25,000 offered County — inclusive; $58,000 inclusive; due 1967 1 The — bonds Davie Y. Daly, attorney, 371 Long Mitchell & Pershing, of New York Road, Oceanside, until City. Sale The $188,000 con¬ 2 p.m. (EST) on March 10 for the struction bonds offered Feb. 24 purchase of $22,000 fire truck 1950 Oxford, N. C. were awarded to Piper, Jaffray & coupon or registered bonds. Dated Bond Offering — W. E. EasterHopwood, of Minneapolis, as 2.40s, April 1, 1950. Denomination $1,- ling, Secretary of the Local Gov¬ at a price of par. The second high¬ 000. Due on April 1 from 1951 to ernment Commission, will receive est bidder was State Bank of 1955 inclusive. bids Principal and in^ sealed at his office in Townsend, and Miners National terest (A-O) payable at the Raleigh, until 11 a.m. (EST) on Bank, Butte, jointly, for 2y2s, at Oceanside National Bank, Ocean- March 7 for the purchase of $200,a price of 100.63. side. Legality approved by Van¬ 000 coupon bonds, divided as fol¬ dewater, Sykes, Heckler & Gallo¬ lows: Havre, Mont. way, of New York City. $80,000 water bonds. Due on April Bond Offering—G. W. Patter¬ 1 from 1951 to 1972 inclusive. son, City Clerk, will receive Huntington Union Free Sch. Dist. 20,000 sanitary sewer bonds. Due No. 4 (P. O. North Port ), N. Y. sealed bids until 7 p.m (EST) on on April 1 from 1951 to 1970 March 15 for the Bond Sale—The 530,000 school purchase of inclusive. 1950 bonds offered March 2 were $485,000 water revenue bonds. 100,000 land acquisition bonds. Dated April 1, 1950. Denomina¬ awarded to Geo. B. Gibbons & Co., Due on April 1 from 1951 to tion $1,000. - Due on April 1 from Inc., Chas. E. Weigold & Co., Hall 1973 inclusive. 1952 to 1970 inclusive. Bonds ma¬ & Co., all of New York,*1hnd the Dated April 1, 1950. Denomina¬ turing in 1956 to 1960 will be re¬ Northport Trust Co., of Northport, tion $1,000. Principal and interest deemable at par, at the option of jointly, as iy2s, at a price of in New York City. Legality ap¬ the City, on April 1, 1955, and 100.08, a basis of about 1.43%. proved by Mitchell & Persuing, of any interest payment date there¬ I slip Union Free Sch. Dist. No. 11 New York City. after. Bonds maturing in 1961 to 1970 will be redeemable at par, (P. O. Ronkonkoma), N. Y. Rockingham County (P. O. at the option of the Bond Sale—The $252,500 school City, on April Wentworth), N. C. 1, 1960, and any interest payment 1950 bonds offered March 1—v. Bond Offering — W. E. Easterdate thereafter. Principal and in¬ 171, p. 889—were awarded to Hall ling, Secretary of the Local Gov¬ terest payable at such banking in¬ & Co., of New York, as 1.70s, at a ernment Commission, will receive stitutions as shall be satisfactory price of 100.27, a basis of about sealed bids at his office in Raleigh, to the purchaser and the City 1.66%. until 11 a.m. (EST) on March 7 Council. Legality approved by for the purchase of $1,000,000 Rochester, N. Y. Faegre & Benson, of Minneapolis. school building, Series D coupon Note Sale—The $1,031,000 cap¬ bonds. Dated June 1, 1949. De¬ ital and tax anticipation notes of¬ NEW HAMPSHIRE nomination $1,000. Due on June 1 fered Feb. 28—v. 171, p. 889—were from 1951 to 1979 inclusive. Prin¬ Concord, N. H. awarded to Salomon Bros. & Hutzcipal and interest (J-D) payable Note Sale The $300,000 notes ler, of New York, and the Nation¬ in New York City. Legality ap¬ offered Feb. 24 were awarded to al City Bank, of Cleveland, joint¬ proved by Caldwell, Marshall, the Second National Bank, of Bos¬ ly, at 0.70% interest. Trimble & Mitchell, of New York ton, at 0.81% discount. West Seneca and Orchard Park City. Notes are dated Feb. 28, 1950. Central Sch. Dist. No. 1 (P. O. Denomination $25,000. Due on OHIO Buffalo 10), N. Y. Dec. 1, Dec. 4 and Dec. 5, 1950. (P. Bond March 1 from 1962 on 2i/2s, $35,000 Sale NORTH CAROLINA DeKalb awarded to the C. E. Weinig receive Broadwater County Sch. Dist. No. 7 inclusive; $66,000 on 1956 to 1961 as and March on 1975 267,000 sewerage bonds: as 2s, due on March 1951 to 1955 from O. numerical and nated by the purchaser. (P. Monday, March 6, 1950 to the Manufacturers and Traders chase of $75,000,000 order, at par secondary", and accrued interest, on Feb. 1, Trust Co., of Buffalo, as 2.20s, at a road coupon or registered bonds. Dated Jan. 1, 1950. 1960, or on any interest payment price of par. Denomina¬ tion $1,000. date thereafter prior to maturity. Due on Jan. 1 from Hempstead, Oceanside Fire Dist. 1953 to 1970 inclusive. Legality approved by Charles & Principal (P. O. Oceanside), N. Y. and interest (J-J) payable in New Trauernicht, of St. Louis. Bond York City, at the option of the Offering — Andrew S. MONTANA Southard, District Treasurer, will holder, at the State Treasurer's inverse Thoen, Town Clerk, will receive sealed bids until 1:30 p the in 20 Co., of Buffalo. nomination $1,000. Due on Feb. 1 from, 1951 to 1963 inclusive. Bonds I North Bond CHRONICLE Union Free Sch. Dist. struction were Stern Bros. & Co., of Kansas City, and Blewer, Heitner & Glynn, of a price of 100.06, a basis of about St. Louis, jointly, as IV2S, at a 1.48%. price of 100.45. Dated Feb. 1, 1950. The second highest bidder was Denomination $1,000. Due on Feb. Halsey, Stuart & Co.; J. P. Morgan 1 from 1951 to 1965 inclusive. & Co., Inc.; Lehman Bros.; Blair, Principal and interest (F-A) pay¬ Rollins & Co., Inc.; Estabrook & able at the Mercantile-Commerce Co.; Eastman, Dillon & Co.; Otis Bank & Trust Co., St. Louis. Le¬ & Co.; W. H. Morton & Co.; Laidgality approved by Stinson, Mag, law & Co.; Bramhall, Barbour & Thomson, McEvers & Fizzell, of Co.; Detmer & Co.; Title Guaran¬ Kansas City. tee & Trust Co., New York; Na¬ Fulton Sch. tional City Cank, Cleveland; King, Dist., Mo. Quirk & Co.; Piper, Jaffray & Bond Offering — L. C. Dahl, Hopwood, and William R. Comp- Secretary of the Board of Educa¬ ton Co., jointly, for $1,500,000 as tion, will receive sealed bids un¬ 1.80s, at a price of 100.30; $4,980,- til 7:30 p.m. (CST) on March 9 000 as 1.80s, at a price of 100.05, for the purchase of $155,000 school and $147,000 as lVfes, at a price bonds. Dated April 1, 1950. De¬ Phelps, Fenn syndicate, FINANCIAL Junction), N. Sale—The $565,000 plant and same on No. Mo. & > in- > Legality ap¬ on to proved by Peck, Shaffer liams, of Cincinnati. Franklin Local Sch. Dist. R. F. D. Bond De-* June 1975 1951 & Wil¬ (P. O. ' Kensington), Ohio Offering—Delia Treffin- ger, Clerk of the Board of Educa¬ tion, will receive sealed bids un¬ (EST) on April 4 for the» purchase of $40,000 construction til 8 p.m. coupon bonds. Dated Jan. 1, 1950. Denomination $1,000. Due on Oct. 1 from 1951 to ' 1970 inclusive. Principal and interest (A-O) pay-, able ^at the Peoples ,State Bank, Lisbon. the purchase of $400,000 improve¬ ment bonds. Dated March Denomination $1,000. Due 1 from 1951 to 1970 1, 1950. on inclusive. Principal and interest (M-N) pay¬ able at the First National Bank of Coshocton. Legality approved by Squire,. Sanders .Cleveland. & Jefferson Dempsey, of Bond Clerk Local Sch.- Dist. (P. O. Dresden), Ohio - Nov. Offering of the — P. Board: of S. Gray, Education, will receive sealed bids until • noon (EST) on March 13 for the pur-, chase of $10,000 bus garage bonds. Dated $1,000. to April 1, 1950. Denomination Due on Oct. 1 from 1951 1960 inclusive. Interest A-O. ■Volume Number 4887 171 THE Lemon Local Sch. Dist. (P. O. Monroe), < for — Hazel Hannah, iClerk of the Board of Education, March on chase 8 for the on Sept. inclusive. 1 pur¬ Co., and flecting ,1951 to 1970 inclusive. 1 from Interest ->J-D. Legality approved by Peck, .Shaffer & Williams, of Cincinnati. Mason Bond Local Sale Sch. — Dist., The Ohio at $30,000 im¬ provement bonds offered March 1 awarded jwere to J. A. White was for , a a due are Texas No. 61 Beverly), Bond Clerk The second highest bidder will 1 Offering of the — Board receive (EST) purchase of p.m. the — (P. O. M. of G. Nixon, Education, bids until March 15 for the 000. 1, 1950. Due on from 1951 cipal and to June and Dec. 1 Xenia 1972 inclusive. Prin¬ (J-D) payable Deposit Bank, Na¬ Penry Ttvp. Local Sch. Dist. (P. O. Canton), Ohio Bond Offering—W. C. trict Clerk, will Bell, Dis¬ receive Due from 1952 County Sch. Dist. No. (P. O. Empire), Ore. Bond Offering — Luella 6 Deal, District Clerk, will receive sealed bids until 8 p.m. (PST) on March Twp. Local Sch. Dist. (P. O. Xenia), Ohio 6 for the school purchase bonds. Dated of shall sealed Offering be — E. L. until for subject to call and re¬ sealed bids until March Bond Sale bond 703—were The — offered Feb. $105,000 water 13—v. 171, p. awarded to Dean ter & Co., of San Francisco, and 2 Vis, at Monessen for the a 2Vis price of 2.44%. County, Palatine Hill Water Dist. (P. O. Riverdale School, 11733 S. W. Brey- the Sch. Dist., Pa. Offering—Joseph M. Du- Secretary of Directors, the Board of School will receive bids until 7:30 p.m. (EST) March 9 for the purchase of sealed on $789,000 building bonds. coupon 1950. and Denomination clusive. Bank at 1952 to interest National Co., Monessen. Le¬ approved Churchill, 1979 in¬ and Peoples the & Trust gality $1,000. Principal payable equipment March 1, Due Dated March 1 from on by Ruffin Burgwin, & Hazlett, of Pittsburgh. Bond Kensington, Pa. Offering—Louis G. Heinle, City Clerk, bids until will 10 receive sealed (EST) a.m. March 7 for the purchase of 000 refunding Wit¬ as Multnomah e 7 purchase of $25,000 general obli¬ gation bonds. New County, Menlo Park Water District (P. O. Portland), Ore. $56,000 Offering—J. P. Hohnstott; Secretary, will receive Township Multnomah from 1951 to 1960 inclusive. Inter- hoon Hopewell Township (P. O. Aliquippa), Pa. Portland. March Co., Harrisburg, for price of 100.49. a Bond das, Oliber, (EST) on March j by Winfree, McCulloch, Shuler & est J-D. man Legality approved by Sayre, of Portland. Avenue, Portland), purchase of $945,000 Peck, Shaffer & Williams, of Cin¬ construction bonds. Dated April 1, Oregon Douglas County Sch. Dist. No. 15 .1950. Denomination $1,000. Due on cinnati. Bond Offering — G. W. Haerle, (P. O. Days Creek), Ore. June 1 and Dec. 1 from 1951 to Bond Sale The $55,000 school Secretary of the Board of Com¬ OKLAHOMA 1971 inclusive. Principal and in¬ will receive sealed bonds offered Feb. 24—v. 171, p. missioners, terest (J-D) payable at the Peo¬ Caddo County Indep. Sch. Dist. bids until 8 p.m. (PST) on 703—were awarded to the Chas. No. 161 (P. O. Hinton), Okla. ples Bank, Canton. March 13 for the purchase of N. Tripp Co., of Portland, as fol¬ f Bond Sale—The $51,000 building lows: $287,000 water bonds. Dated March Salem Local Sch. Dist. (P. O. bonds offered Feb. 27—v. 171, p. 1, 1950. Denomination $1,000. Due Rt. 1 Fayetteville), Ohio $40,000 as 2s. Due on April 1 from on 890—were awarded to the SmallJuly 1 from 1951 to 1979 inclu¬ Bond Sale—The $12,500 building 1952 to 1959 inclusive. sive. All bonds maturing Milburn Co., of Wichita, on a bid after bonds offered Feb. 24 were award¬ 15,000 as 2 Vis. Due on April 1 July 1, 1955, shall be subject to reflecting a net interest cost of ed to J. A. White & Co., of Cin¬ from 1960 to 1962 inclusive. call and redemption, at par, plus about 1.72%. Dated March 15, cinnati, as 3s, at a price of 100.96. The second highest bidder was accrued interest, on any interest 1950. Due on March 15 from 1953 The second highest bidder was Atkinson-Jones & Co., for $55,000 bearing date, on or after July 1, to 1965 inclusive. The second high¬ Pohl & Co.; for 3V2S, at a price of ; • 1955. est bidder was the First Securities as 2 Vis. Legality approved by Win109,28. free, McCulloch, Shuler & Sayre, Co., of Kansas, Wichita, on a bid Douglas County Sch. Dist. No. 6 of Portland. Salem Local School Dist^ (P. O. reflecting a net interest cost of (P. O. Route 1, Box 153, R. D. No. 3, Urbana), Ohio about 1.72%. Roseburg), Ore. Prineville, Ore. Bond Offering—W. H. McCulBond Sale The $26,000 school Crescent, Okla. Bond Sale Details The $8,iough, Clerk of the Board of Edu¬ bonds offered March 1 v. 171, 345.87 improvement bonds pur¬ Bond Sale The $25,000 sewer cation, will receive sealed bids un¬ p. 792 — were awarded to the chased by the First National Bank, improvement bonds offered Feb. til noon (EST) on March 17- for County State Bank, of of 27—v. 171, p. 890—were awarded Douglas Prineville, as 2%s, as previous¬ the purchase of $175,000 building to the R. J. Edwards, Inc., of Ok¬ Roseburg, at a price of par, as fol¬ ly noted in v. 171, p. 792, were sold and equipment bonds. Dated April lows: at a price of par. • lahoma City, on a bid reflecting a 15, 1950. Denomination $1,000. Due $12,000 as 2s. Due on April 1 from net interest cost of about 2.74%. on Oct. 15 from 1951 to 1972 in¬ Seaside, Ore. 1955 to 1960 inclusive. Bond clusive. Lincoln County Indep. Sch. Dist. Interest A-O. Offering — Robert Urie, 14,000 as 2i/4s. Due on April 1 No. 103 (P. O. Prague), Okla. City Auditor, will receive sealed from 1961 to 1967 inclusive. Sebring, Ohio bids until 8 p.m. (PST) on The second highest bidder was Bond Offering — Ned Bond Sale The $49,000 water Burleson, the purchase of Atkinson-Jones & Co., for $14,000 March 13 for works improvement bonds offered Clerk of the Board of Education, $115,000 bonds, divided as follows: as 2Y4S, and $12,000 as 2V2S. will receive sealed bids until 7:30 Feb. 22 v. 171, p. 703 — were $100,000 water bonds. Due on (CST) on March 6 for the awarded to Hayden, Miller & Co., p.m. Eugene, Ore. April 1 from 1951 to 1960 of $40,300 of Cleveland, as 2 Vis, at a price of purchase building Bond Sale—The $1,000,000 gen¬ inclusive. bonds. Due from 1952 to 1961 in¬ 100.64, a basis of about 2.17%. The eral obligation water and electric 15,000 general obligation bonds. second highest bidder was Ryan, clusive. utility bonds offered Feb. 27—v. Due on April 1 from 1951 to Sutherland & Co., for 2 Vis, at a Lincoln County Indep. Sch. Dist. 171, p. 703 — were awarded to 1960 inclusive. price of 100.57. No. 125 (P. O. Tryon), Okla. Blyth & Co., First National Bank, Dated April 1, 1950. All bonds both of Portland, Northern Trust Bonds Sold—An issue of Smith Local Sch. Dist. (P. O. $35,000 which mature after April 1, 1955, building bonds has been sold to Co., of Chicago, and the United R. D. 4, Alliance), Ohio States National Bank, of Portland, shall be subject to call and re¬ Bond Sale—The $85,000 building the First National Bank, of ^hand¬ jointly, at a price of 99.54, a basis demption on April 1, 1955, and on bonds offered Feb. 21—v. 171, p. ler, at a price of par, as follows: any new interest of about 1.78%, as follows: paying date 702—were awarded to Braun, Bos- $12,000 as 1V8S. Due on March 1, thereafter. Principal and interest worth & Co., Inc., Toledo, as 2V2S, 1953. $250,000 as 4s. Due on April 1 from (A-O) payable at the City Treas¬ 1951 to 1955 inclusive. at a price of 100.83, a basis of 23,000 as 1Vis. Due on March 1 in urer's office. Legality approved about 2.41%. 1954 and 1955. 250,000 as IVis. Due on April 1 p by Winfree, McCulloch, Shuler & from 1956 to 1960 inclusive. Dated March 1, 1950. Suf field Local Sch. Dist., Ohio Sayre, of Portland. 250,000 as IV2S. Due on April 1 Bond Sale The $180,000 con¬ Logan County (P. O. from 1961 to 1965 inclusive. Tillamook, Ore. struction bonds offered Feb. 25— Guthrie), Okla. Bond 250,000 as l%s. Due on April 1 Offering—J. C. Holden, v. 171, p. 791—were awarded to Bond Offering — L. R. from 1966 to 1970 inclusive. Taylor, City Recorder, will receive sealed Fahey, Clark & Co. ,of Cleveland, County Clerk, will receive sealed bids until 7:30 p.m. (PST) on as 2%s, at a price of Hood River, Ore. 101.73, a basis bids until 10 a.m. (CST) on March March 20 for the purchase of $12,Bond Offering — W. M. Sylves¬ of about 2.31%. 6 ) for the purchase of $225,000 954.18 improvement bonds. Dated ter, City Recorder, will receive county separate school bonds. Due Tiltonsville, Ohio April 1, 1950. Denomination $1,sealed bids until 8 p.m. (PST) on from 1952 to 1960 inclusive. Bond Offering—Pete 000, except one for $954.18. Due on McKeegan, April 3 for the purchase of $10,Village Clerk, will receive sealed Rogers April 1 from 1951 to 1962 inclu¬ County Indep. Sch. Dist. 957.40 improvement bonds. Dated sive. Principal and interest (A-O) bids until noon (EST) on March No. 9 (P. O. Foyil), Okla. Feb. 1, 1950. Denomination $1,000, 11 for the purchase of $16,000 fire payable at the City Recorder's of¬ Bond Offering—Fred C. Draper, except one for $957.40. Due on truck bonds. Dated March 1, 1950. Clerk of the Board of Education, Feb. 1 from 1951 to 1961 inclu¬ fice, or as may be agreed upon with the Common Council. Denomination $1,000. Due on Dec. will Le¬ receive sealed bids until sive. Principal and interest (F-A) 1 from 1951 to 1958 inclusive. In¬ 7 gality approved by John W. Shu¬ p.m. (CST) on March 8 for the payable at the City Recorder's of¬ terest J-D. ler, of Portland. purchase of $16,750 building fice. Legality approved by Winbonds. Due from 1952 to 1959 in¬ free, McCulloch, Shuler & Sayre, Troy Local Sch. Dist. (P. O. PENNSYLVANIA bids 27 Trust V^S, at Bond demption, at par, plus accrued in¬ terest, on any interest bearing date, on or after July 1, 1955. Le¬ gality approved by Winfree, Mc¬ Culloch, Shuler & Sayre, of Bond ' County, Hazelwood (P. O. 110 I 47 District Equitable Building, Portland). Ore. Bond 15, Offering—James R. Hart- 1950. Due on March 15 from 1952 1961 inclusive. Principal and man, Clerk of the Board of Educa¬ to tion, will receive sealed bids un¬ interest (M-S) payable at the til noon (EST) on March 22 for County Treasurer's office, or at the purchase of $19,000 equipment the fiscal agency of the State in bonds. Dated March 15, 1950. De¬ New York City, at the option of nomination $1,000. Due on Dec. 15 the" nurchaser. Legality anproved interest at the Navarre varre. 1 Coos Cleveland. Denomination $1,- Water Edwards, OREGON (A-O) payable at the Peoples Banking & Trust sealed bids until noon (EST) on Co., Marietta. Legality approved March 14 for the purchase of $330,000 construction bonds. Dated by Squire, Sanders & Dempsey, of April Multnomah Secretary of the Board of Com¬ County Indep. Sch. Dist. missioners, will receive sealed bids No. 7 (P. O. Skiatook), Okla. until 8 p.m. (PST) on March 10 Bond Offering — Geo. F. Ste¬ for the purchase of $228,000 water phens, Clerk of the Board of Edu¬ bonds. Dated March 1, 1950. De¬ cation, will receive sealed bids nomination $1,000. Due on July 1 until 7:30 p.m. (CST) on March 9 from 1951 to 1979 inclusive. All for the purchase of $35,000 im¬ bonds maturing after July 1, 1955, cipal and interest Jones, District Clerk, will receive (J-J) payable at the County Treasurer's office. Legal¬ ity approved by Walter H. Bell, of Stayto. Inc., of Oklahoma City. from 1951 to 1972 inclusive. Prin¬ Donald F. J. R. Curtin interest — to warrants. to re¬ County Indep. Sch. Dist. (P. O. Texhoma), Okla. awarded school $2,000 Dated March 15, 1950. Due on Jan. 15, as follows: $200 from 1951 to 1955 inclusive. Principal and 1953 from $120,000 building provement bonds. Navarre-Bethlehem Local Sch. Dist. bonds. Dated April 1, 1950. De¬ to 1958 inclusive. nomination $1,000. Due on Oct. 1 (P. O. Navarre), Ohio Offering of of bid Bond Sale—The $77,500 build¬ ing and equipment bonds offered March 1 v. 171, p. 890 — were Ohio sealed on chase cost a interest net (991) Tulsa Wolf Creek Local Sch. Dist. Stranahan, Harris & Co., Inc., 2V2s, at a price of 101.68. Bond Milburn - on CHRONICLE 1973 inclusive. price of 101.18. & Co.,-of Cincinnati, as 2V4S, at a price of 100.57, a basis of about '2.19%. Small was Associates, Bonds — Dec. FINANCIAL about 2.91%. $280,000 perma¬ nent improvement bonds offered Feb. 24 v. 171, p. 599 — were awarded to Field, Richards & Co., of Cleveland, as 2V2s, at a price of 101.87, a basis of about 2.32%. The second highest bidder was Weil, Roth & Irving Co., for 2V2S, $300,000 building bonds. iDated March 1, 1950. Denomina¬ on & Bond Sale—The of tion $1,000. Due bidder est from Interest Willoughby Twp. Local Sch. Dist. (P. O. Willoughby), Ohio will receive sealed bids until noon r,(EST) -Due 1971 to M-S. • Bond Offering $200. 1951 Ohio COMMERCIAL March 1, 000. 1961 to coupon bonds. Dated 1950. Due on $30,- Denomination $1,March on inclusive. 1 from 1952 Principal and interest payable at the Mellon Na¬ tional Bank & Trust Co., New Kensington. Peters Township Sch. Dist. (P. O. McMurray, R. D. 2, Cannonsburg), Pa. — Bond Offering—W. H. Orr, Dis¬ trict Secretary, will receive sealed bids until March 13 ' chase of $45,000 for the school pur¬ coupon bonds., Upper Darby Twp. (P. Darby), Pa. Bond Sale—The provement bonds O. Upper $300,000 im¬ offered Feb. 28 i 171, —v. „ p. 890—were awarded to Blair, Rollins & Co., Inc.; Singer,, Deane & Scribner, of Pittsburgh, — — and Edward Lowber Stokes & — — . of Philadelphia, at a price about bidder Co., & 100.55, The W. and basis a H. Co., l%s, as second Harriman was Inc., Son of 1.27%. jointly, of highest Ripley & Newbold's Co., jointly, for l%s, at a price of 100.53. — RHODE — — Welshfield), Ohio Offering—Arthur Kimpton, Clerk of the Board of Edu¬ cation, will receive sealed bids clusive. Bond until noon (EST) for the purchase of ing bonds. on March Dated March Denomination 18 $82,200 build¬ 1, 1950. $1,000, except one of Portland. S til well, Okla. Bond Sale—The $106,000 water works extension and improvement bonds offered Feb. 23 were award¬ ed to a C. J. Carson, of Stilwell, on bid reflecting a net interest cost of about 2.90%. The second high¬ Marion (P. O. R. F. D. 126 Aumsville), (PST) sealed on bids March for Sale — The $125,000 im¬ A. re¬ 7:30 p.m. the pur¬ Sale—The $75,000 equal¬ offered March 2—v. were awarded of New of 101.04, York, 171, p. 890— Coffin to & Burr, l%s, at as price a basis of about 1.62%. a SOUTH CAROLINA Charleston County (P. O. Charleston), S. C. Bond Sale—The tal bonds offered 792—were p. Peeler & awarded J. to Lee Co., of Durham, and the Vance Securities boro, jointly, net $100,000 hospi¬ Feb. 27—v. 171, interest Corp., of Greens¬ bid reflecting a on a cost of about 1.36%. The second highest bidder was In¬ terstate lotte, Securities for 1.40s, Corp., at Char¬ price a 100.006. Charleston (P. of '/ County Sch. Dist. No. 4 O. Charleston), Bond Offering—A. F. Chairman of the S. C. Heinsohn, Board of Trus¬ tees, will receive sealed bids until a.m. (EST) purchase pon of bonds. on March 16 for the $500,000 Dated school April 1, cou¬ 1950. 171, p. 792—were awarded to Denomination $1,000. Due on Dauphin Deposit Trust Co., of April 1 from 1951 to 1965 inclu¬ Harrisburg, as l%s, at a price of sive. Principal and interest (A-O) 100.04, a basis of about 1.11%. The second highest bidder was Camp payable at such bank or trust —v. until 6 Bond provement bonds offered March 2 Oregon Warrant Offering—Virginia Hammer, District Clerk, will ceive Bond ization refunding act of 1946 bonds II Harrisburg, Pa. County Sch. Dist. No. ISLAND Newport, R. I. the 48 (992) company THE as be agreed upon may lay the Board of Trustees purchasers to act TEXAS the and Amarillo, paying agent as Bond be payable Treasurer's proved office. by Auditor, County until 11 the at Legality Sinkler, ap¬ Gibbs for & Lancaster March 15 1950 De¬ school 1951 to inclusive. pay¬ Gibbs & Simons, bonds (P. & awarded $591,000 Co., of to Jackson, Co., of County (P. Offering (EST) a.m. coupon bonds. Dated Feb. 1951 maturing in shall be subject 1959, 1970 to 1960 or the on order County any to 1970, to repurchase in numerical of inclusive. the at Feb. on 1, interest payment date thereafter at par, accrued in¬ terest date to of fraction thereof intervening between the date fixed for repur¬ chase and the the bonds. (F-A) stated maturity payable at will road Dated Principal (A-O) payable Trustee's office. Legality approved approved by Bonds Rio, March 1, bar & Co., of San Antonio, 1949. Legality as Dated Dec. approved by will receive Bonds sealed Sold—An issue 650 school 23 1950 bonds has been the purchase of $100,000 house to 1 from 1951 drainage awarded and $32,000 Due March 1 from on on 2V2s, as 125,000 city March 1980 1, 1 1951 to Dated March 1 on inclusive.. 1, 1950. from Due 1951 sewer im¬ to due as July on 1980 Dated April 1, 1950. Due April 1 to from 1951 on Principal Chase 1 park bonds has of Investment Dallas, of par. Co. of Texas, 3s and 3V2s, at as & price a Legal¬ Boothman, of Dallas. Education, will receive sealed bids until 2 (EST) p.m. on March 28 for the purchase of $285,000 school bonds. Dated May 1, 1950. 1951 Due De-» May 1 on 1984 inclusive. Prin¬ to cipal and interest (M-N) payable the the Chase National Bank,'New State Treasurer's office or York City. Legality approved by Caldwel, Marshall, Trimble & Mit¬ Sold—An County (P. O. Marys), W. Va. St. Bond Sale—The $180,000 school bonds offered March 1—v. 600 ten & price Co., of issue of 1 of Pittsburgh, 100.29, basis a The Marys, second for 2s, a about the First National was p. at of der St. $288,- 171, awarded to A. E. Mas- were — highest bid¬ at Bank, price a of par. . to drainage bonds has been sold WISCONSIN Underwood, Neuhaus & Co., of 2s and lV2s, at as 100.003. Dated Jan. a 000 District, Texas issue School District (P. O. 1950. Springs Independent Sold—An Allouez price 15, Legality approved by Dumas, Hu¬ Bonds Wash¬ at 1.98%. Refugio County Drain. Dist. No. (P. O. Refugio), Texas School Houston), Texas L. O. Offering—A. Clinton, Loy, Secretary of the County Board of the to Dated Jan. 1, 1950. Richland H. sold ity approved by Dumas, Huguenin (P. O. — been guenin & Boothman, of Dallas. National Bank, New York. Offering Hampshire County (P. Romney), W. Va. Pleasants of County Legality Boothman, of Dallas. Bonds Sold—An issue of $30,000 Houston, $1,000. office. chell, of New York City. 1980 inclusive. Denomination (M-S) payable at the Texas bonds. revenue inclusive. 15, 1950. Principal Treasurer's 1951 inclusive, and $330,- Muleshoe, 000 Bond bridge July 1 from 2y2s, as Bonds Wil¬ to on inclusive. Harris 1962 No. 1 West Allouez 116 * Avenue, Green Bay), Wis. Bond Offering — Doris Frink, District Clerk, will receive sealed bids until 8 p.m. (CST) on March 31 for the purchase of $295,000 of $100,- school house construction and school bonds. Dated April 15, 1950. Denomination $1,000. Due 15 from 1951 on April 1970 inclusive. burn, County Auditor, will receive equipment bonds has been sold to Principal and interest (A-O) pay¬ Denomination Worth, as 3V4S and 3y2s. Dated sealed bids until noon (CST) on the Louis B. $1,000. Due on able at the Henry Investments, Kellogg-Citizens Na¬ March 8 for the purchase of March 1 from 1953 to 1963 inclu¬ Jan. 10, 1950. tional Bank, Green Bay. Legality approved $13,- of Dallas, as 2y2s, 3s and 3y2s. school bonds. Dated March 1, 1950. liam N. sive. by McCall, Parkhurst & Crowe, of 500.000 Dallas. vided Principal and interest (M-S) payable Bank, the at Union Fayetteville. National Legality ap¬ Bonds 000 County (P. O. Bond Sale—The $160,000 hospi¬ tal bonds offered Feb. 27—v. 171, 703—were Wooten & Co., Associates, net on interest The awarded R. a bid of bid reflecting a net to price of as Huguenin & of v. — to a & Drexel Equitable 171, p. 600 — were syndicate composed Co., of Philadelphia, Securities Corp. Texas, of San Antonio, at 1v January 31, 1950. a cash share on the outstandin? common stock of this corporation has been declared payable April 12. 1950, to stockholders of record at the close of business April 1, 1950. New York, N. Y., OTTINGKR. March 1, 1950. to Secretary. Parkhurst jail of of as 100.03, a a price basis of about 2.12%, follows: $100,000 as after Due on 1,500.000 10 or years, as April 1 as 2V4S. Due on April 1 from 1956 to 1965 inclusive. Bond $80,000 bonds has been sold to the Central hospital bonds. Due $55,000 water system works son, as Refining Co., of Hender¬ 2V2S. at a price of previously noted in v. are 171, par, p. as 792— dated March 1, 1950, and ma¬ ture March 1 from 1951 to Hill 25,000 sewer 1985 Dec. 15, 1949. construction and McNeil, Mantha, Inc., Montreal, jointly, as 3s. a price of 97.67, a basis of about at 3.31%. Dated Nov. 1 from 1950 to inclusive. • Contrecoeur, Que. No. 29 < Sch. Dist. (P. O. Abilene), Texas Bonds Sold—An issue of $23,000 school house bonds has been to R. A. Underwood & las, 4s and 5s. as 1950. sold Jan. 15, Parkhurst & Crowe, of Texas improve¬ receive sealed Land bids Giles, Board, until 10 $50,000 offered im¬ Feb. 21 Morgan, Kemf & Robertson, of Toronto, at a price of 98.27, a basis of about 3.39%, follows: as $6,000 3s. Due as 1951 44.000 Dated 1960 to as from March 1 from on inclusive. 3V4S. Due 1961 on to 1965 March March 1 inclusive. 1, 1950. Thetford Mines Sch. Com., Que. Bond ed (State of) Offering—Bascom Chairman Veteran's will The — bonds awarded to Sale—The $37,000 bonds offered Jan. 23 Texas Bond Sale provement Co., of Dal¬ Dated Legality approved by Mc¬ Call, Bond Legality were Taylor County Com. County Road District No. 24 Bonds Sold—An issue of $60,000 road were the Societe de Place¬ to ments, Inc., and the system bonds. Dallas. (P. O. Hillsboro), awarded 1969 approved by Dumas, Huguenin & school bonds purchased by Beacon and sewer or Bond Sale Details—The $550,000 Oil and bonds. revenue Sale—The $396,000 water works bonds offered Feb. 9 on Henderson Indep. Sch. Dist., Texas from 1951 to 1955 inclusive. 300,000 QUEBEC Asbestos, Que. on five to CANADA & Stockdale, Texas Bonds Sold—An issue of inclusive. 3s. ap¬ Crowe, of Dallas. 1980 and house court , 1, ■jEa Legality McCall, Boothman, of Dallas. Bond Sale—The $1,000,000 coun¬ per SIMON 1951 on bid. Galveston), Texas ty mainland hospital bonds offered Corporation 25c from Due 10 years, as bid. For the quarter ended of bonds. clusive. Optional after five on f 1, 1950. by Dated awarded dividend al Galveston County (P. O. Feb. 24 Plywood Jan. proved April 10 from 1951 to 1980 in¬ interest cost DIVIDEND NOTICE Dated April 10 from Investment Co. of Texas, of Dallas, 1951 to 1980 inclusive. Option¬ as 4s, at a price of par, as follows: Du¬ of 10 bonds. Due 3s and 3V4S Boothman, bonds, di¬ inclusive. Dated Feb. 15, by road 6,000,000 Van H. Howard par. 1950 a of about 2.40%. United States the has of follows: April bonds Legality approved was First National Bank. Memphis, a 1 Dallas. 2.38%. bidder a 1950. and reflecting about highest B. sold Co., of San Antonio, at mas. of Memphis, cost second to construction Series as $6,000,000 Sold—An issue of $200,- road been Savannah), Tenn. Co., of Forth County Road Dist. No. (P. O. Pearsall), Texas Chicago. Hardin & Frio proved by Chapman & Cutler, of p.. Edwards • March 15 on 1975 nomination $1,000. and on 1961 000 1950. bonds. to 1980 Dated March 670,000 from inclusive. at to Central hall March 1, 1950. Due March 1 provement bonds: $130,000 2s, due on 1980 inclusive. I July on March 15 on Bond library 2s, due as as WEST VIRGINIA follows: as hall to net a 2.48%, approved by Dumas, Huguenin & basis a 1964 a State Due to 1963 2y2s. Due as and interest to about 2y4s. Dated March from improvement Dated Series sold to $570,000 from 1962 to 1969 inclusive. bonds. of $165,- bonds, city 460,000 street bonds. Due 110,000 Mc¬ Indep. Sch.. Dist., Texas bids until 2 p.m. (CST) on March for March on and interest payable at the Floudada The bonds^ offered were 2.42%, bonds: inclusive. 15, las. Clerk, 1950. Due were National reflecting of 1951 from price of 100.27, a about Dated March 4s, Fayetteville, Tenn. City bonds. Dated March 1, 1950. 1949 Series 289,000 — bid a cost as Mosle & $110,000 75,000 park improvement sys¬ bonds, date same 1 from 1958 to 1980 inclusive. Sold—An issue of $500,- revenue on on from basis a 1969 inclusive. from 1951 tem price of 100.42, a of about 2.72%. of 180,000 street improvem't bonds. 000 water works and sewage Moss, Moore & Co., of Dallas, 2%s, at due Park¬ Texas $61,000 as the library City follows: $30,000 hurst & Crowe, of Dallas. Del Fox, Reusch & Co., of Cincinnati, of tonio, at ; the Eddleman-Pollok Co., of Houston, interest Investment Co. of Texas, of Dallas, Crowe, to Co., of Kansas City, Co., of San Antonio, and the Roe & Sattley & Co., of Detroit; clusive, and $78,000 Republic McCall, & of Bank & Trust H. Ratcliff, of McClung & Knickerbocker, Rotan, ; bonds offered Feb. 27 jointly, purchase of $1,190,000 bonds, divided as follows: National Bank of Dallas, or, at the ity & Son, of Dallas, house Illinois Company, of Chicago, for April option of the holder, at the Chase Dallas Rupe July 1 from 1951 to 1961 in¬ by Chapman & Cutler, of Chicago. Call, Parkhurst & Crowe, of Dal¬ Bond Offering—Louise Sullivan Parkhurst Crowe, Indep. Sch. Dist., Texas the Bond Offering—Frank R. Lucas, on National Bank, New York. Legal¬ 890—were p, City Secretary, will receive sealed bids until 2 p.m. (CST) on March 7 interest and the at 171, syndicate composed of the Central Dated Jan. 1, & Sale—The $350,000 school awarded syndicate composed a has bonds Keller & Dallas. April 10 from 1951 to 1970 in¬ clusive. 1950 Legality approved by Parkhurst Dallas. Moreland, both of Hous¬ Legality approved by Mc¬ ton, and Russ & Co., of San An¬ 1950. receive (CST) a.m. bonds. County 2y2s, 3s and 3y4S. the Lynn, of bonds has been sold to R. K. Dun¬ Principal and interest been sold to 10, 1950. Denomination $1,000. Due to each year as Moore — 1—v. sani¬ bonds offered and Harlingen, Texas from date. years series for the veteran's Bond $700,000 general obligation improvement Fort Worth, as 4V/2S. Call, 1 Sale—The sewer revenue March of 21 $10,000,000 bonds. and Na¬ Legality Sold—An issue of $6,000 works extension 13 for the purchase of $6,- repurchase, and additional interest or Dec. Goliad. Bond tary Additional Sale Bonds 1 inclusive. on Auditor, 000,000 Feb. on 1970 Due Offering County on Denomination $1,000. Due from 1, 1950. to sealed bids until 10 on issue of $750,000 school Dec. of land March on of Legality approved McCall, W. Treasurer's at the First or Bank, water price of par, on State Dated purchase 1950 Uvalde awarded to on inclu¬ Goree, Texas Co., both of Due the 2y>s. and (CST) a.m. of Fort Laredo, Texas Austin. and a for school 1965 214s as 15, 1950. Co., Dallas. un¬ approved by Gibson & Gibson, of First & 6 Due to Worth, & by McCall, Parkhurst & Crowe, of Principal and interest (M-S) tional 171, p. Texas, 1951 Edwards School $200,000 $1,000. from 1 N. Jan. Dated March 1, 1950. ofice, Austin, County Road District No. 1 (P. O. Dallas), Texas March public auction at 10 sive. of 2V4S. as Bond Frank Percy, — of , 2y2s. 1950 optional 10 O. Elizabethton), Tenn. County Court Clerk, will sell at 21—v. the March on of Denomination Bonds maturing in 1959 to 1973 and Knoxville, Dallas Carter purchase from 1971 to 1973 inclusive. H. jointly. an Co., as 159,000 are & Feb. Pierce from 171, C. Crowe, of (CST) p.m. March basis of about 2.42%, as follows: O. tal bonds offered Feb. 28—v. Davidson offered Dallas, jointly, at Bond Sale—The $100,000 hospi¬ 887—were & Neuhaus & Co., of Houston, Cleveland), Tenn. inverse New Sale—The $750,000 school of Southwest a County 8 payable at Rauscher, Bradley President 890—were awarded to Underwood, TENNESSEE option payable City Bank, Parkhurst Bond Charleston. 1 (A-O) 1 Texas Board, will receive sealed bids til April 1 on Indep. Sch. Dist. (P. O. Freeport), Texas Chase National Bank, Sinkler, April 3 De¬ Brazosport March on 1966 .New York City. Legality approved Bond erick, Legality approved by Mc- of $240,000 able at the Little 1950. April on Monday, March 6, ment bonds has been sold to Wil¬ liam Bond Offering—Walter F. Fred¬ 1950 Dallas. Principal and interest (M-S) Bonds National call, from #- April 1, 1 inclusive. Indep. Sch. Dist., house bonds. the York. noon for the nomination $1,000. Due by Goliad $1,250,000 Series April on 1976 CHRONICLE from 1977 to 1980 inclusive. bids the pur¬ of bonds. 1 Dated Dated March 1, 1950. chase of Due to 2Vis. Due as cipal and interest The Chairman will receive sealed bids until on purchase 1966 160,000 March 15 on FINANCIAL 2s. from 1951 to 1965 inclusive. Prin¬ o( the County Board of Directors at (EST) (CST) a.m. sealed nomination $1,000. Due Lancaster), S. C. — receive & as from Texas improvement, bonds. County (P. O. Bond Offering will the street Simons, of Charleston. 440,000 Offering—J. C. Lilly, City and, at the option of the holders, will COMMERCIAL to Gairdner & were Co. school award¬ of To¬ ronto, as 3^4s, at a price of 97.77, a basis of about 3.52%. Due on Dec. sive. 1 from 1950 to 1969 inclu¬ .