The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
•
f
,J*
"
*»■«*'
'f
W»V.
•»',-**•. f
''H
fclfc. "ADM,
LI83ARV
MONDAY
'
Reg. V. S. Pat. Office
Volume
167
Number 4679
New
York, N. Y.,-Monday, March 8, 1948
Price 75 Cents
a
Copy
•v
RAILROAD
Adirondack Foundries
—Buys Foundry—
The
this
of
sale
&
corporation
for
Administration,
it
steel
has
beeen
announced
of
acres
foundry at Watervliet,
N. Y., to
approved
by the War Assets
Feb. 27. The plant site contains
on
land.
The
corporation
from
100
WAA
tons
srid
property
to
about
the
to
plans to
300
company
of
tons
ll
w
increase its production
castings per month.
the foundry to
use
steel
spend about $270,000 to convert the
castings. During World War II plant
the
production of
prod'-ced- gun tube forgings. Equipment used
be
maintained by
the purchaser
in "stand
'
p.
1077.
:
Alabama
;
..
.
■■
.
total
of
the
in
that
production will
condition.—-V. 164,
by"
reuueed
76%
of
close
of
Net
ry.
—V.
$1,395,088
$1,245,867
288,914
967,668
134,484
"/ 103,597
/
2*9,951
645.
p.
1946
.
234,765
'
on
stockholders
w'll
1 Ve-for-one
a
authorized
vote
bas s,
March
and
share
common
standing
of
increase
the
on
which
capitalization
authorized
an
23
splitting
approving
on
preferred stock, all of
Present
is
cash.
of
oi'
1.000.000
to
744 410
3,722,050.—V.
shares.
The
166,
p.
shares
spl:t
out¬
would
(& Subs.)
-1946
as
to
3,
of
paid
the
of
of
400,000
such
all
tenders
to
tender
total, of
a
offer
slightly
/
.
The
the
at
all
for
stock
elapse
may
States
North
,
to
rate
Co.,
share,
per
Earnings—
otherwise
motion
a
class
B
on
the
The
than
at
certificates
of
the
$
Appeals
stay
a
under
issuance
filed
of
rate
$13,575
in
Nearly
units
jthe
to
the
for
the
checks
Second
will "
$10,000,000
and
9,337,881 125,646,180 103,919.183
50,310.731
37,259.452
p.
13.06%<
or
937.
price
\
1,222,857
922,030
i0,021,933
by
1,0?2,005
12 919.157
12,043,333
892,262
,813.417
12354,456
11,424.931
951,547
817,954
10,586,456
9,145,112
■
Other
taxes
taxes..
—:
American
The
City,
First
N.
tenders
Operating income
Merc'" anuise
jobbing
Other
...
sales
work
2,891,546.
1,894,231
29,453,395
26,062,746
be
w'.th
62 263
income
3,173
311,759
sinking
named
Estabrook &
in
fund
219
299,242
income
de¬
mon
amend¬
an
Co.
are
will
be
that
the
forthcoming issue
named
In
applied
interest
Amort,
.
funded
on
acquisition
Other
Divs.
System
corresponding
inputs
C
\
'
t"
r
an
week
of
subsidiaries
increase "pf
of
■
last
;
24,937
299.243
689,645
•
i
167,
11,128
889
€2,090
2,841,693
2,833,933
1,669,402
earned
1,097.060
19,517 470
2,531481
stock
common
of
come
net
1,804,341
14.320,384
subs.
cons.
AMERICAN GAS
ELECTRIC
r
•
Total
,
CO.—
undistributed
income
Income
—861,779
stock
In This Issue
Stock and Bond
York
12,959,871
Baltimore
"
—861,779
—851,303
5,197,087
American
4,660,892
Gas and Electric Co.:
From
srbs.
From
At'antic City Elec¬
Co.
tric
From
tr
consolidated
1,962,058
15,129,473
13,775,315
164,840
138,000
1,020,633
1,150,000
1,872
Scranton
2,598,494
2,388
Elec-
Co.
c
______
Other
income
381.874
23,266
34,705
2,765,207
2,102,446
subsidaries
•..
taxes
1,903,427
ana
net
Interest. &
miscell.
Federal
Divs.
'.
pfd.
on
.
" 1
n
t
.
Balance
;
—V.
167,
p.
720,209
1,235,309
stock
1,556,235
1,004,880 9 18,727,731
St. Louis Stock Exchange.—^
San Francisco Stock Exchange
Montreal
Stock
Montreal
Curb
Previous
—37
—37
a
of
consider
in
Week
_____^_
plan
reference
offer
intends
157,
p,
933.
and
Capitalization
to
is
made
to
on
oppose.~V.
certain
matters
at
the
meeting
p.
167,
£41.
joint
has
been
plan
pf
of
itz
called
for
owned
Exchanges,
•
1937
to
March,
1948.
Yearly (6 Issues), $50
f. w. stephens
15 William St., New York 5
27Ssto~
April
merger. which
whoily
provides
subsidiary,
also
share
$25
provides
of
the
share)
per
cumulative
ior
5%
present
will
preferred
be
recapitalization
a
cumulative
converted
into
for
Glass
of
the
preferred
share
one
stock
one
share
the
of
preferred
that
new
stock
the
new
stock.
common
will
Dividends
from
accrue
pre.errcd
June
be
placed
will
immediately.
the
on
15,
new
1^48
on
a
and
regular
,
not
contemplated
that
revolving
futur^contingencies.
the
will
company
presently,
debt.
incur
any
Bond
S.
Crandon, President,
stockholders
in
the
1945.
have
make
been
This
approximately
of
new
as
up-to-date
as
them.
in
management
result
a
the
of
$2,000,000.
of
in
24
began
which
Two
design,
part
Feb.
on
letter
a
to
part:
modernized.
of
building
This
and
has
program
sum
a
program of much
three of the eastern
all
these
plants
control
was
are
now
apparatus
involved
an
provided
as
can
expenditure
without
loans
kind.
any
To
further
industry,
strengthen
the
present
5)
—40
(Feb. 27)—_
.—46
—44
26
___.
26
—35
the
involving large
.has already been made
The first
wholly
City,
the
owned
Pa.,
new
capital
these
on
Glass-
up-to-date
of the
cost
this
of
company
embarked
V
"
,
in
two
upon
Considerable
'
the
major
progress
'
safety
glass plant of the" company's
Products, Inc.
Located at Ellwood
is
designed
automotive
approximate
an
has
projects,.
plant
demand
at
position
expenditures.
laminated
subsidiary,
this
increasing
pleted
is
future
management
projects
without loans of any
Averages
said
Of
to
trade.
kind.
meet
is
It
$550,000.
efficiently
practically
This
sum
the
the
com¬
long
",
.
was
provided
*
.
,
*
The
second
Oklahoma.
project
Plans
has
been
imperative
that
progress
it
the
rapidly
available
the
well
made
the
<
rehabilitation
advanced
this
on
company
be
of
and
idle plant in
considerable
one-the-job
project.
The
enabled to
growing
to
board
the
is
are
us
management
deems
advantageously
serve
markets in the west and' southwest—markets not
heretofore because of high shipping cost.
Therefore
has
approved the expenditure of well over
$1,000,000 for.
addition to the company's competitive facilities.
About
this appropriated sum has already been spent.
This sum
provided without loans of any kind.
.this important
$100,000
was
The
of
above
recited
major
moves
already
made
and
under
way,
all
by
the new < management to be vitally essential to
the
security of the. company, necessitate a substantial increase
in working capital.
Stockholders' approval of the proposed
plan will
permit the establishing of a well balanced capital structure.
Miscellaneous Features
General Corporation & Investment News-Cover
State and City Bond Offerings
—\.
___55
Redemption Calls and Sinking Fund Notices.47
Course of Bank Cearings__
.45
Foreign
highs,
lows—earnings—dividends—capi¬
talizations—volume on virtually every stock l'sted
on N. Y.
Single Copy, $10
for
•
amending
considerat
for
meeting
which
eaqh
value
basis
efficient
.—38
__
Stock
Dividends Declared
(in spiral bound book)
Curb
are
cash
stock.
common
to
company
modernization,
of
Exchange_*___—_______ .-1.39"
Exchange.
40
The
shewing monthly
Y.
$40
conversion.—V.
will
7
proxies,
proposed
this
plants
—38
Toronto Stock Exchange—Curb Section—
Current Week (March 5)
,__%43
Previous Week (Feb. 27)
—47
17,012,993
922 CHARTS
N.
in
of
payment
considered
645.'"
and
and
daberitures
future
New March Issue of GRAPHIS
STOCKS contains
Stock
April
of
needed
37
____.
Philadelphia Stock Exchange.__a___
Pittsburgh Stock Exchange
for
,_
issued
intend
.
earned
common
757,798
60,017
;
the
—36
Over-the-Counter Markets
60,017
stock
*1
be
share
and
6%
Starling
/
36
Detroit Stock Exchange..
Los Angeles Stock
Exchange.—
Transactions New York Stock ExchangeTransactions New York Curb Exchange
513 405
859,301
is
A.
36
649,182
48,091
on
anticipated
the
35
347,500
109301
debenture
company
cumulative
lunded
.—35
549,763
149 725
taxes—
to
on
one
into
the
new
is
It
—35
;
28,849
44,629
income
Exchange
Exchange_____
20,002,787
de¬
ductions
i
Stock
Stock
21,370,459
92,821
,
and
of $340 per share, payable
price
The stockholders will also vote on a
proposal authorizing a
indebtedness of $1,000,000 in order to meet
possible
Quotations
1,251,138
exps.,
3.
$357,532,600
.
Cincinnati Stock Exchange
Cleveland Stock Exchange
16,173,373; 15,341,894
tributed net income of
March
to
conversion
shareholders'
ipar
a
dividend
Exchange (Stocks)
.—15
Exchange (Bonds).—_.
26
Exchange,
31
Toronto Stock Exchange—
Current Week (March
Total income American
Gas & Electric Co—
Total income and und's-
Gen.
Stock
16.855,468
3,895,593
"
Co.,—Conversions
Page
New
Curb
net
—
of
5,197,087
stock
Inc.,
\erted into
Chicago Stock Exchange.,
—797,281'"
Telegraph
total
a
convertible debentures of 1957 have
bfeen
company's capital" stock in the" first two
feature became eifective" March
t; it was
on
a
$100
one
the
merger
Under
share
it
Stock
AND
&
or
/V"'' :
•
(par $20 per share) and
one
share of a new common stock
(par
$1 per share), while each
share of the present common stock
(par $12.50 per sharei will be con-
New York
in¬
arrears,
/.
company.
National
Boston
Undistributed
,
at
solicitation
action
the
Bank of Jersey
City, 1 Exchange Place, Jersey
until 3 p.m.
(EST), March 5,
1943 offered to receive
preference stock at prices not to exceed $45
New York
for
stocks
of
into
Products,
2,200
236.161
'
the
amounts
stock
of
special
take
of
con-
243 921
of
company
issue
Winca
A
tv
(flat).
442,212
stock3___
dividend
of
-
-
,
■
•
per
299,243
40,121
the
stockholders
Stock—
6,050,760
24 937
(Cr)
common
on
•
242,230
pfd.
Balance
Divs.
6,778,435
cost, of
selling ■
1943,-applicable r
26,
American Window Glass
Co.—Merger and Recapitali¬
zation Proposed—
;
.v
' ;
of
26,894,000
year.—V,
plsnt
charged to
ca
500,234
deduct—
&
struction
.
814.782
the
of.
Co.—Weekly Input—
the
Superpower Corp.—Offers to Buy
26,479,408
adjustm't
inter.
Interest
30.064.397
debt
electric
of
1,897,623
$95.50
of
the
which
396,983
2,984.147
2V*%
conversion
stockholders
act
6%
Gross
the
values
an
agreement
merger and consolidation, to increase the
authorized com¬
stock" from 2,000,000 shares to
6,000.000 shares and to provide
each
share
of
presently authorized common stock B snail ba
and
19,677
30,338
....
the
shares
into
share
The
the
and
_
for
Feb.
on
prefer¬
-
market
American Tobacco Co.—Plans
Change in
statement
J.,
of
by
total
'Changed
of
26,
r
of
surrender
each
7,983 553
1,119,776
'
plus
1250.
p.
Telephone
the
convertible
the corporation
proposal.
See also
20-year
to
are
and
232,760,000 kwh.,
the
over"
.,
t<L
f
-
3,868,014
Maintenance
Feb.
amounted
166,
into
since
reported
Circuit
restrain
tender
reg.strat'on
a
Ripley & Co., Inc.,
week fended
share
per
10%
converted
payment of bank loans.—V. 164, p. 677.
company
$100
American
Co.—Registers With SEC—
American Power & Light
kwh.,
Deprec ation
income
be
The
of
for
4
deduction
any
of the close of business
as
of
of
$195.50.—V.
equivalent
and
without
basis
appropriated
shares
plus
than
but
the
oa
had
shares of its
,
stock,
March
coupon
stock
'
Court
principal underwriters.
proceeds from the sale
For
this
CONSOLIDATED—
Federal
securities,
.
$7.05
of
owned,
computed
that_ it
cash,
retirement,
and
outstanding preference stock of tne corporation was
approximately^ $52.50 per share.
The
total claim of the
preference
stock in case of
liquidation of the corporation wou.d, as of Feb. 29.
about,
less
cancellation
value',
.
eaciv, share
.1948,
<
American
purchased
before
Circuit
denied
3
Harriman
the
to.
or
maximum
purchase,
to
for
asset
securities
•
the
,
stockholders.
covering
the
terms
The
an¬
j
exceeded
stock
days
days
bentures,
to
-
President,
shares, based on the asset value
is $7.05 per share.
For each four
stock
will be
value,
company
ment.
•
Arthur,
MISCELLANEOUS
•
The corporation on Feb, 27
announced
$500,000 for. tne purpose of purchasing, lor
the
expiration
the
of
American Optical
SEC
•'
A.
to
ence
the
to
purchased by the. corparation, stockholders will receive
purchasing
167, p. 741.
The
•
tendered
were
prior
is" authorized
'
March
from
1947--12 Mos,—1946
$
SUBS.
price
V
••
submitted
stock
Harry
3,
•
,
B
offer,
auu
1947—Month
Operating revenues...11,949,086
Operation j
4 871.079
Cash
March
on
The
2409.
INSURANCE
-
shares.
United
'
.
•
tendered,
......
common
asset
mailed
The
-
-
consists
American Gas & Electric Co.
•
of
Several
be
stock
common
cancellation of the
unissued or retired.
-
issue
Period End. Dec. 31—
the
the
outstanding
shares
►»
amount^
stock
share
the-
V.
Aluminium, Ltd.—Plans Stock Split-Up—
The
B
four
$2,178,009
281,259
410,940
,
income
oper.
167,
19451
1947
$1,541,371
railway-.--'
raliway__
4.'-
corporation
business
of class
March
on
pro ;rata. unuer.the
purchase
of
RR.—Earnings— j
1948
irotn
from
the
the
400,000 shares.
The
p.m.
class
tender
,
Southern
January—
Gross
3
of
recent
the' tenders
which
;
shares
its
March
on
Because
to
Net
at
will be
in
Great
523,407
under
offer
nounced
one
•
of
corporation
shares
'
INDUSTRIAL
-
American Cities Power & Light
Corp.—Stk. Tendered
A
^
,
$257,060
was
approximately five
Steel, Inc., Watervliet, N. Y.
,
surplus iron and
a
PUBLIC UTILITY
-
Telephone HA 2-4848
Exchange
ind
Payable
Rates
___^_ix.-_43
Combined Condition Statement of Federal
Reserve Banks
1
Condition Statement of Member Banks of
Federal
Auction
Reserve
Sales
System
a
St. Louis Listed and Unlisted Securities
7Jl___47
V
>-43
*
Edward D. Jones & Co.
~
Established
300 North 4th
.47
47
1871
St., St. Louis 2, Missouri
Members
i
New York Stock
Exchange
•
St. Louis Stock Exchange
_
Chicago Stock Exch.
Chicago Bd. of Trade
\jNew York Curb Exchange Associate
,
.<
,
i
Phone
:; CEntral 7600
.
Bell
Teletype
8L 593
-J
Monday, March 8, 1948
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(1038)
2
CONSOLIDATED BALANCE SHEET/ DEC."31, 1947
on hand and in banks, $673,864; notes and accounts
customers (less reserves $37,324y, $1,547,171; miscellaneous
notes and accounts receivable,
$71,624; inventories (at lower of cost
or
market), $4,906,298; officer's life insurance, cash surrender value,
$386,869;
investments, mortgage, ^ctc.V- 810,500; land, bu la ngs and
equipment
(lew. reserves for deprec ation of $3,719,942), $3,709,191;
patents, -trade-marks; and goodwill. $l; prepaid expenses and deferred
charges, $125,317; total, $11,430,635.
.
'
*
,
"t- '
LIABILITIES—Notes
payable; banks, $1,000,000;
accounts payable,
trade, $1,038,03.3; Federal and other taxes accrued, $388,865; payrolls
accrued, $202,744; other current Labilities, $253,229; common stock
(issued and outstanding 359,118 no par shares, including scrii for 30
.
BALANCE SHEET. DEC, 31,
AND PRO-FORM A
BALANCE SHEET
1947
♦Actual
demand deposit and on hand
—
obligations and accrued interest—,
Dotes and accounts receivable (net)
inventories—not in excess of the lower of cost
$685,136
500,060
500,068
940,876
1,715,762
1,716,280
318.592
18,592
Govt,
market
or
wholly owned subsidiary compa¬
nies at equity value
.—T.
Cther investments
—
Plant and real estate (less reserve) — —Def'd charges (insur., taxes and expenses)
5,948,689
$9,877,000
Total
17,606
$9,957,515
$646,120
$726,629
17,338
17,333
572.069
572,039
657,725
657,725
worth—
trade and accrued expenses.
Accounts payable, subsidiary company———
t Accrued-Federal and State income taxes.—-
Accounts payable,
repairs—
P.eservc for
———«—
contingencies..—............—.—
F.'/t preferred stock (par value $251
....
k.'k preferred flock (par value $201
——
Common stock (par value $12.50t.
Common stock
(par value SI)—
for
Beserve
^
^
3.491,640
.M.
2.808,016
3,973,483
800,951
stock
—
—
—
138,592
Dr
Dr 133,592
$9,877,006
$9,957,515
i
recapitalization.—V. 165, p. 2922.
cost—after
common—at
cc'
•
.1.—....
l et
from
Bet
ry.
—V.
35,774
1946
$100,441
22,798
2,649
Interest
research
Point RR.—Earnings—
railway
from
Bet
Bet
railway....
from
G Mok. End. Dec.
1947
31—
tor
454,522
289,667
268,803
115,782
105,263
96,751
97,861
65,741
75,194
59,850
profit from sales.
$2,666,872
$2,258,135
$1,126,316
126,666
50,701
63,733
$1,903,082
73,482
$2,793,537
54,597
$2,308,835
47,285
$1,190,049
$1,976,563
42,700
15,750
890,000
650,000
1,400,000
&
State
Net
income
Gross
Earnings
Cther charges
7
1,040,000
jraderal income taxes—
$497,340
$560,805
3,540,514
2,761,453
2,045,222
Investments
at
5,632,991
$4,912,065
$3,258,799
CY2.400
$2,606,027
Dr25,095
dividends—
704,454
474,406
395,338
173,518
$7,331,931
surplus
Total
Common
Dr61,785
31,096
of
Accrued
Capital
banks
and
hand,
on
Babcock
saranee
Wilcox €e.- -To Vote
&
Tension and group
165,
♦Deficit.—V.
vote
April 7
165,* p.
on
by
Offered—^
Feb. 24 offered
cumulative convertible preferred
($10). The sale was confined to residents
£§,500 shares of '6%
cf California only.
Of
the
proceeds
for
$100,000 will be used for working
and development of new items
construction
to the company's
line of photographic
with
capital
to be added
equipment.—V. 167, p. 842.
Barnsdall Oil Co.—29th Annual Report—Jas. A. Dunn,
;•
President, on March 1, said in part;.
operations of this company in 1947 reflected the unprecedented
demand for petroleum.
The all-time record production of crude oil
spite of
£
shortage of pipe and transportation. This accomplishment is an
example of the inherent strength/ Vitality and resourcefulness of the
venture capital and profit principal, which is the basis of American
industrial progress.
*
'
Net income of $9,119,031 in
1947 shows an increase of $4,005,220
the year
was
attained
previous year.
Earnings per share increased
cuarter of 1947 and totaled $4.10 for the entire year.
the
Total
income
Dividends
r.et
income,
from
all
of
of
including
non-operating
Meanwhile, -inventories
was
of
net
compares
with
average,
dividend
payments
of
income during the last five years.
fried
out in
has done
no
spite of higher
new
wages
financing. -This policy has
and
material
costs
and
V
directors
the
The
\
.
3%'i<
compared with 1946 is
-
Oats
accounted for
a
common
stock dividend of one share.
the
end of
/
1946.
.
"• B .*;. .j'
INCOME ACCOUNT
CONSOLIDATED
1,267.306
sales—
from
Expenses
*Profit
from
1,127,268
$614,601
Drl9,875
operations
(net)^
credits
Income
1946 >
$3,412,763
—————
Federal
before
income
Federal
profits
excess
income
for
taxes
$594,726-
$2,285,495
100,629
204,121
income
for
$390,605
year
dividends
{209,465
dividends
Dominion
<
,•
Spinners
Income
5,313
Other
r
,
I
>.r
;■
-4
I
'«
:
• •
l
' '
and
YEARS ENDED
Bruck Silk < Mills
' $2,109,507
from
1946 ,f
$1,542,'613.
» 556,423
158,991
.
811,494
265,993
1
^
$827,199
6,505
$1,032,020
.
25,647
operations————
income
( Eng^^ Ltd.-, ,;.5>
1947
.
and other expenses—_-l
—1
——-.'
—
OCT. 31
Subsidiaries]
.
,,
——
$2,386,124
$719,417
895,729
259,032
Total
$1,490,395.'
27,192
335.177
Net
income
and -Provinc'l profits taxes
—:
;
:
per
!,
i;
—
share_—/I
.L__^_j_/_—
t
t
- - ,4«.
L
"NOTE—The above reflects the/income and
>.
■'
■'
■Spinners Ltd.
>;
s»
■- •.
I.
$532,550 t
——..
—
-Dividends paid
Earnings
$833,704
513,458
—$1,057,667
525,117
—
Provis. for Dominion
<
for; the ten-month
.
.3
.
j
t
L;
>• ,'t
ACCOUNT " FOR
Ltd.
the capital
'/
•
profit from trading
Depreciation
.
(119,706 shares).
,
Selling, delivery, admin,
$714,104
t
corporation-would be'recorded undei;
Wholly-Owned
'
a
INCOME
1943,'-transactions in
2.
.
.
$363,566
54,488
191,530
*After depreciation of $235,870 in 1947, $226,666 in 1946, and $210.362 in 1945.
{Including .50%- common stock dividend of $1,611,1'31
Net
Preferred
Malch
beginning
that
CONSOLIDATED
Gross
•'
'•
Ltd.—Changes Name-
stock,/without par value, of the
name/'
96.819
tax
taxes
Montreal—New Name-
advised-that the name Of this company has been
Bruck Mills, Ltd., the New York Curb Exchange has an¬
'the ."new
Unci.
• --
director of Quaker
-.. -.'.'
1890.
eleoted a-director,—V./166/p.
Mills,, Ltd. / below.
Silk
/
*
-v ,.v '
,
Executive Vice-President'and-A
been
nounced
$1,507,464
" 793,360
.
'
date.-
Muzzy,
Bruek
Having
71945
,
that
on
Go., .has 'been
changed ,to
(INCL. SUBSIDIARY)
1947
$1,881,907
an extra dividend of 25 cents
dividend'of 25 cents per share
of record
June 30,
,
' J,
dividend of 93% cents 'per share on the
also declared, payable March 31 to holders
declared
2
quarterly
stdck, ..'both
Brock Silk Mills,
for.
,
March
on
regular quarterly
preferred stock was
Earle
See
regain
was
Years Ended Dec. 31—
Profit
Dividend—New
Extra
Declares
Co.
the'usual
and
.
.
share, with¬
Charles'H. Brown and S. W.
1351.
p.
Bruck Mitts, Ltd.,
business
■"
shares held
at
stock to'be,offered at $8.75 per
Common
record
H.
Report—
fell -off sharply; in the
its. momentum until Fall.
brought into line, necessitating curtailed
were
1947
year
$2,565,725
Common
^^frn«dalls ?0I|servativei dividend policy has enabled the company
tp finance capi
taj; expench t u res from earnings, Barnsdall has no bank
debt, and
ca
two
Provision
$3,439,342, representing $1.55 per share, or 37.8 Cf of
paid in 1947. This percentage of distribution of net
loans or funded
1
290,587
paid to stockholders of record at the close
of
business on April
8.
This increased outstanding common stock
from 239,412 shares to 359,118 shares.
In addition, a 20 cerft 'dividend
was 'paid on the old
stock in the first quarter and a regular, dividend
of 15 cents was paid on the increased number of shares outstanding,
in each 'of the last three quarters.
v >•
Total current assets
on-Dec. 31, 1947 were $7,585,626 and total
current
liabilities on the same date were $2,882,921,/as . compared
with total current
assets of $7,243,357 and total current liabilities
each
with the SEC for 1,250
notificat'on was filed
166,
Tenn.—
payable March 31 to holders
March
12.
Extras were -paid during 1947 ,as follows:
On
50 cents; and on Dec. 12, 25 cents.
•
.
.
.-'
>
-
.
the
During
Net
income
were
ye*r
4L5%
sources,
as
each
during
1947, compared with $17,111,200 in 1946.
$25,131,037 in
earnings
in
that the company's
the year and did not
"production.
!
petroleum industry in
by the
f
over
$1,052,182
128,907
,
share
per
on
1945
$752,876
* *421,036
58,412
*236,106
.
fact
of
Spring
.
.
Nashville,
common
Bruce
(E. L.)
i
-
1946 $561,434
*200,476
-
542.
167, p.
reduction
the
The
curing
•
Blumenthal & Co. Inc.—Annual
Schell, President, on Feb. 19 said in part:
H.
H.
jdhn <B. Dunbar & Co., Los Angeles, on
fcalance
1947
(Sidney)
2542.
,
•' 1 •
letter of
a
par),
Jr.—V.
Brown,
The
adopting proposed employee
life insurance plans of this company and its whollywill
($1
underwriting. Stock is being sold by
tAfter reserve for depreciation of
in 1946 and $24,613,583 in 1945.
Lake Erie RR.—Earnings—
1948
Gross from railway^.—_
$1,034,378
Net from railway—....
*33,584
Net ry. oper. income.182,011
and In-
"'
* 4-1
Director Elected—
January—
Bardwell, McAllister, Inc.—Preferred Stock
at "par
shares
out
1783.
p.
Bessemer &
'
The
stiock
and $25,126,986
24
Feb.
On
3,047,241
$41,066,492 $32,076,727
1947
,•
;
Filing With SEC—
of
subsidiaries.—V.
csvned
Pension
14,619,400
...
in
,
/
Inc.,
Productions,
Radio
Brown
-18.394
11,116535
20,299,089
.....
*4,800 shares at par in both years,
—V.
17,414
......
Total
$25,811,928
•
Inc.—Registers With SEC—
The company on Feb. 26 filed a registration/statement with the SEC
coveringf 5,000 shares of 5% cumulative preferred stock (par '$50)'
and 7,150
shares of common stock (par ' $50)-.,:v Both issues will:'be
offered
at
$50
per
share without - underwriting. .Proceeds will
be
used for construction and purchase of new equipment.—V. 166, p. 664.
11,116,535
4,154,519
share)—..
per
'
'
operations in
;
>
(Pa.) Glass Co.,
Brock way
35,687
Plans—
stockholders
The
on
(par $5
surplus
•.
~
"I
have
be moved into
"
-i..-
surplus
Earned
~
.
,>
'■!
in the pro¬
officials of the division
axle shaft departments will
is expected to be ready for
which
structure,
new
been
Parts
- '
.
to permit an increase
is required
space
Grinding -and
April.—V. 166, p. 2658.
1,066,131
•
not wholly
......
Capital
payable,
note
2,310,686
32.485
'
Capital stock
instalments due within
c-ae
year,
$250,000; accounts payable, $396,1,65; estimated Federal
ijcome
taxes,
$2,346,216; accrued
taxes, including social
security
•taxes,-$167,677 other accrued liabilities, $412,288; 10-year serial note
payable (2'/2%) dated July 1, 1946, $1,875,000; common capital stock
1500,000 shares of $1
par) carried at $6,677,548; earned surplus,
$3,602,381; total, $18,727,277,—V. 166, p. 2658.
serial
LIABILITIES—10-year
the
80.176
119,625
.......
...
the
of
automotive replacement parts,
announced.
$2,093,162
$3,016,138
—
stock
Surplus
$2,086,639; marketable se¬
curities, $35,000; accounts receivable, less reserves, $1,698,269; inven¬
tories
of
merchandise, materials and supplies, . $4,862,944;
advances
ca logging and lumber operations, $607,114; plant, property
and equip¬
ment
(at cost or lower, less depreciation), $4,161,363; timberlands—
Ljss
depletion, $4,965,228; other assets, $156,916;
prepayments and
deferred charges, $153,803;
total, $18,727,277.
in
ASSETS—Cash
....
and Federal—;
Parts Output-
one-story building—has
corporation's Warner Automativc
addition—a
new
a
plant
.
duction of
.
.
State
Capital stock & surplus of sub. co.
owned by Ransdall Oil Co.r
DEC. 31, 1947
CONSOLIDATED BALANCE SHEET,
taxes,
....
expenses
Accrued
equivalent.
dollar
S.
payable
Accounts
Canadian subsidiary, adjusted to
undistributed earnings Of
includes
$2,339,629
$1.2i
$4,437,659 *$2,865,868
$2.60
$0.94
$2.83
share—
of
the
at
additional
The
99,319
•
.
1,000
Inc.—
Co.,
Division.
.
—_
No. of
Shares
Inc.——500
Minot, Kendall & Co., Inc.
500
Southern Securities Ccrp.__
500
&
Battles
842/-
p.
,
-
Borgf-Warner Corp.—To Increase
LIABILITIES—
$6,602,382
period
Earns, per com.
U,
end
at
-
Daly,
&
167,
Construction
$41,066,492 $32,076,727
Total
surplus
Earned
—V.
24.000
tFlant, and
equipment..—23,417,010 > 19,222,629
Oil and gas leaseholds, developed and undevel.
1
1
Prepaid expenses, advances, etc....
116,057
333,401
owned
Surplus adjust, (net)..
Preferred
dividends.—.
•
by
500
Sherrerd-.—
<fc
Wegener
752,473
41,634
214,728
,
a
underwriters, and the
follows:
1 '
the several
each are as
of
names
underwritten
shares
of
started
*
"
——24,000
.
liquidate
to
it
by
used
be
by
made
'
\
770,353
not wholly
sub, ,co.
by
will
$25,471
$31,291
$29,516
",$24,740
.
proceeds
net
Shares
•
—.
—
held
stock
'•■Company
.
Oil Co. common stock—
Bareco
in
investments
Other
begin¬
ning of period—
.
surplus
$1,371/551
$1,698,940
—/
profit
Net
—
UNDERWRITERS—The
1,269,000
4,406,001
/
—
57,200
34,708
owing
note
Butcher
$7,554,029
13,903
520,000
3,235,367
1,044.224 y ,, 108,926
,,273,987
171/045
Treasury
market)
$82,671
49,500
No. of
998,869
Government
S.
or
Earn,
surplus
PURPOSE—The
number
$8,532,261
!.
—_
securities (at cost)
tax notes (at cost)-,—
Accounts
receivable
.... .
Inventories of crude oil (at market)—j
Inventories of oil products (?.t market).—...
Inventories of supplies, etc. (at lesser' of cost
S.
$80,791
61,200
•
48,922
to General Waterworks Corp.,. and representing
it to defray construction expenditures and the
balance will
be used toward completion of the corporation's and its
subsidiaries' budgeted expenditures Lor the year 1948.
.
/
1946
1947
U.
$90,716
58,800
dividends
SHEET, DEC. 31
CONSOLIDATED BALANCE
ASSETS—
U.
31,535
-A—
$83,540
income
$1.97
$2.30
$4.10
—
„
36,988
/"■„ 50,198
advances
$14,619,400 $11,501,756
1940- $20,299,089
31,
share—:
per
$151,914
$166,701
43,335
_/
income taxes-/..
$130,000
1,627
Cr5,930
Cr550
Cash
Cther Income
1
$13,273,327
2,000,976
1,778,646
3,446,126
..
minority....
to
since Dec.
surp.
77,636
local taxesSocial security taxes—
Earned
228,488
expenses—
profits from sales
$4,389,779
,8,883,548
«
1944
1945
$2,269,056
adm.
L—
paid
applicable
.
->,$187,543
48,689
j
48,138
$177,073
charges.
Net
$23,738,431 $16,615,567
Profit
$1,567,068
&
$5,113,811
11.501.756
14,619 400
31,343
$2,718,806
Sell.
256,434 ;•
chgs._
Common
>,
C '
/
1.544,408
$9,119,031
costs
minority—
Federal income tax...
to
which bonds
. >■
YEARS
1945
'1944
$414,371 \ $374,819
.'$353,298
: '226,828 V
208,118
201,384
1946
1947'
'
Fixed
7,200 shs.
■//
$433,507
fxd.
before
Net
'
3.000 shs.
ACCOUNT CALENDAR
INCOME
Gross revenues
$1,253,000
•
under
indenture
the
of
by terms
"■/'. '1
L
Balance
$3,335,037
Cross
except
issued.
CONSOLIDATED
1,251,481
1,812,561
1,575,877
Or5,980
♦ 1.627
668,290 J
429,282
1,978,218
2,411,533
550
2,229,004
expenses
development
Dividends
1946
„r .'Unlimited
Federal
Earned
Subs.)—Earnings-
(&
Plywood Corp.
mtge. &
are
1,806,327
profit accrued to company
surplus at beginning of yr.
Net
164,234
167, p. 646.
Atlas
collateral trust bonds, ser.
"
A, 3%'//. due Nov. 1, 1969
■
*
5 Vf
preferred stock (par $100)
_
10,000 shs.
Common stock ipar $50)15,000 shs.
1st
1945
$489,679
7,046
4,335
13,508
income
oper.
ry.
—V.
1,497,886
Outstanding
Authorized
$9,454,372
697,824
geophysical
and
applicable
Provision
1947
1946
$345,817
$325,852
50,105 24,667
1948
$385,571
64,321
/
January—
Cross
-I,' 94,563
PRESENT FINANCING
TO
EFFECT
GIVING
/CAPITALIZATION
$17,206,953 $10,631,197
220
—'
.—.——:—■.//
79,235
—"
1,389,382
,
Intangible
Profit
Atlanta & West
a
corporation,, is controlled by General Waterworks Corp.'through
of all its issued and outstanding common stock.
The
$9,391,673
62,699
$16,509,129 $10,536,-635
deductions.—.—
before
Depreciation
Lease
purchase
542.
p.
income—.income
—
and Smellerville,. Idaho, and
the distribution system av Osborn,
acquired
contiguous community.
ownership
1945
-
Co.,
Operating expenses—/:—
25,469
Income
oper.
167,
—*.
...—
expense
—
operating
Net
Income
1947
$155,909
64,425
—...
railway
railway
from
taxes
Non-operating
1948
$183,050
76,339
January—
Cross
operating & general
Ky.—Earnings-
Andrews Bay
Atlanta & St.
Idaho,
all of the securities of Kellogg
1942, it acquired
serving Kellogg
In
Water
Kellcgg Ca..,Jip-,Jl945
the
$24,433,213 $17,016,637 $15,481,857
6,609,155
5,539,871 • 5,214,856
-1,314,929
940,132 i 875,328
income
operating
Costs,
1946
*
Co.,
Co.
of Boise.'
.&
Power
ACCOUNT
1947
Gross
General
made.—V. 166, p. 2306.
already
penditures
INCOME
Calendar Years—
Water
Natatorium
p"rLon
additional facilities which have been
CONSOLIDATED
Ltd.—To Issue t referred—
The company has applied
to California Public Utility Commission
far authority u> sell 75.000 shares ($20 pan cumulative preferred stock.
series, under a tentative sales agreement with
Puine, Webber,
Jackson
& Curtis
and Mitchum, Tully & Co.
Proceeds would be
csed
for
service extensions and
to reimburse the treasury for ex¬
Associated Telephone Co.,
acquiring the busine5s and propertied of the
serving Boise, Idaho, and its environs with
acquired wore all of tne outstanding securities
(Idaho)
serving • natural hot water to. a limited
Among the assets
of
transported in 1946, the operating
approximately 76'/* over the earnings for 1940, „.,
earnings increased
of
purpose
water.
slightly less than that
was
the
Boise
shou.d
ing 1947
BUSINESS—Corporation was organized in Idaho in 1928
HISTORY &
for
approved are completed, the trend of sales of natural gas
again turn upward.
: r ,1| . ■ •
Barnsdall owns and operates plans for processing casinghead gas
from oil wells and extracting therefrom all liquid petroleum products,
Wh'lc the volume of crude transported in Barnsdall pipe lines dur¬
mares
of Feb. .23 an issue of
shares of 5%
reserves
As soon as the
companies.
other
31,
*447 for
unpaid'
<*n the preferred capital stock at Dec," 3L 1947.
tAfter deducting
$100,000 U. 8. Treasury
tax notes owned.
{Consisting of 3,601%
of preferred and 3,716Va shares of common—at cost—before
recapitalization and 3,601% shares of preferred and 7,318 3/10 shares
has been made in the balance sheet as of Dec.
undeclared cumulative dividends of $6.9792 per share
provision
*No
Stock Offered
3,000
preferred stock, cumulative (par $1C0) was
publicly offered Feb. 20 by Butcher & Sherrerd, Wegen¬
er & Daly, Inc., and associates.
Further details follow;
Water Corp.—Preferred
(Idaho)
Boise
—As mentioned in our issue
have been increased materially
during 1947 by both
purchase and new development. Actual sales
of
natural gas in 1947 were somewhat lower, however, due to the
failure of the trunk lines to complete additional facilities, and to i,he
fact that they have spread their purchases to include the reserves of
Url09.171
Earned surplus
total,
$3,714,321;
surp.us,
1683.
p.
fcrm:r
the year.
natural Ras
Barnsdall's
earned
$4,813,393;
value,
166,
>
barrel of crude by
per
during
increased
399,223
Capital surplus
tTreasury
"
received
pr ce
slatea
shares),
$11,430,635.—V,
Barnsdall over the lull
year
1947 averaged $1.94 compared to $1.39 in 1646,
The average
price realized for the month of December, 1947 wa3 $2,53-per barrel.
During 1947 $9,953 51.4 was expended for leases, geophysical
research, drilling and other physical assets, compared with expenditures
of $6,484,082 in the previous year.
Charges against earnings, for 1947
for depreciation, lease purchases, geophysical expenses and amort zation of intang.ble development costs were $5,773,133 compared '.with
$4,854,855. for such purposes in 1946.
.
i . .
As
a
result of these expenditures Barnsdal.'s reser. e have been
The
4.364,550
«
and to meet the
..
,
of, its crude
finding and
unusual demand for petro¬
divisions
ail
In
developing replacements,
leum
products,
258,000
258,000
-the .company's
Barnsdall received increases in the price
to meet the greatly increased costs of
1847
During
o'l
130,268
——
liabilities—capital & net
is necessary to handle
produced 10,312,286 net barrels of
crude oil in 1947 compared with 9,701,436 in 1948.
The daily average
net production in
1947 was 28,252 barrels compared with 26,579 bar¬
rels in
1946.
The average daily net production for the month of
December, 1947, however, was 30,234 barrels.
17,605
5,683515
125,217
recaivable,
expected requirements.
Barnsdall and it? subsidiaries
———
—
—
in
Investment
ASSETS—Cash
including cash and government
respectively, . In \iew of this
year ago.
$8,037,932,
position, no financing
strong cash
240,876
Cash on
t. S.
compared with $9,116,274 a
bonds
of $10,800,130
and
Pro-forma
$575,679
ASSETS—
..
o'l reserves.
$11,848,246,
working capital on Dec.
net
The
replacing and expanding
31, 1947 amounted to
in the cost of
substantial increase
<
150,000
$4.26
"
$309,319
112,500
$2.47
;
expenditures of Dominion
period ended Oct. «31, 1947.■>
♦11
Volume 167
Number 4679
.";:■ v,,/: ■/
,
THE COMMERCIAL
FINANCIAL
CHRONICLE
(1039)
CONSOLIDATED
ASSETS—Cash
of
BALANCE
hand and
on
SHEET
AS
OCT.
AT
in banks, $98,025;
31,
cash
1947
surrender
CONSOLIDATED CONDENSED
.
.
_
value
'
V
$475,COC lile
insurance, $168,982; deposit, with insurance underwrit¬
$19,547; accounts receivable (less reaerve), $175,517;
inventories,
$1,958,290; refundable portion of excess proiits tax,
$2.67,160; market¬
able investments
(at
cost),
$524,515;
investments in
wholly owned
subsidiary
companies—not
consolidated
(at
cost),
$8,000;
prepaid
charges,
$53,428;
trademarks, processes,
etc.,
$1;
land,
ers,
of
furniture and
$1,380,228 and
,$235,537),
total,
$6,069,853.:~
Refundable. portion
Investments
payable,
payable
and
accrued
*'$6461772;-
charges,
sidiaries
.paid—125,000 shares), $787,500; capital*"*surplus,, .$1,832,553; earned
'surplus, $1,237,653; deferred surplus (refundable portion -of excess
'profits -tax),
$297,160;
reserve
for
cohtingencies, $220,COG; tatal,
$6,069,853.—V. 163, P. 1023.
-Total
January—
Gross
;
$312,472
$272,411
$245,457
-
54,188
73,495
21,731
-"Deficit.—V.
167.
and
3,691,834
excess
profits
thereon
taxei
—
accrued,
by
Reserve
•
reserves
for
Corp.—Annual
posits upon
.
of
'
Years Ended Nov. 30—
Net
sales—
*°Cost
of
1947
__
products
1046
"
$14,436,745 $10,275,655
——
1945
U.
S.
of
8,554,606
■
return of containers
Gross
profit—
cSelling, adm,in.
Other
$2,759,637
——
and
gen, "exp.—_
$1,721,049
700,044
12,374
—-—,-,-4,+—
16,296
■"After
reserve
$1,262,944
C '
common
Taxes
§ After
U.S. subs.—
748,531
6,120
6,600
1, 2,994
.Normal Fed. tax on inc. and
.Excess, profits tax———
283,657 '
Adjustment
year •
of
tax
for
pjtov,
v:';
>
Net
-
566
;
'
*
and
"•
NOTE—The
of
6,412,553
and
in
1947
hank
$371,427
$296,445
310,421
155,210
$1.79
$1.43
-
for
1947
to
and
$1,629,819 in
uhder- loau
v;
1946
agreement
in
BALANCE
SHEET,
NOV.
120,282
the
share
a
and
Total
Nov.
the
discounts
;(last-in,
surrender
sundry
•
plant
$117,171),
value
method)
of
life
investments
recoverable
•
of
first-out
Federal
and
$1,576,504;
30, ,1947
class
cost),
equipment
on
of
corporation
the
On
;
,
;
Net
B
stock
FOR
(after
of
asset
value
$1,940,382; patents, $1; deferred charges, $74,803; total, $6,989,055.
,f
LIABILITIES—Accounts
payable,
$756,061;
accrued,
general
*
taxes
'priated
("
share)]
'•'•.
$2,586,837;
surolus,
$300,000;
per
earned
$3,011,169;
total, $6,939,055.—V.
1886.
■:
;
,:
•
....
,'i
Cambria & Indiana RR.—Earnings—
i
*,
January—
;
•
1948
'
Net ry, oper. income— v
■"Deficit.—V. 167, P. 647.
1946
$12.5,036
63.271
66,756
87,295
45,164
42,475 f
•
'
—V.
167,
.
reserve
administrative
23,001
taxes
:
—
—
42.-'-
p.
$5,003,048 ■"$1,300,090
769,274
$38,455
130,200
Earnings
per
common
130,200
.
•
49,152
-
NOTE—Depreciation
130,200
78,873
57,362
,33,802
114,724
stock_^r__-——
24,576
investments
on
31,
•
was
SHEET,
DEC.
charged
1947
to
costs
CONSOLIDATED BALANCE
ASSETS—
■
■
.
Demand
deposits
In
Accounts receivable, lesfe
Refunds
'!
,
banks
(estimated )
on
and
required by-charter,
"
;■
.
'
'•
,
SHEET
OCT.
/f
,
cash
on
iaries not
....:•'
,v
'.'
121,958
150,000
retirement—.,—
10,699,726
5,449,080
903,499
665,497
1
1
$37,201,283 $26,440,660
$4,800,000
under mtges.
.a
cuvr. yr,
excess of costs on
uncompl. contr—
Reserve for additl. costs
and possible future ex¬
:
January—
'
vl
Gross from railway
Net
ry.
Enffland—Earnings—
1947
1946
tures
See
*
$193,600
$187,000
*15,714
"52.696
*67,298
*102,480
*110,282
*71,697
'
Breweries,
1,
1947,
'
'•/
; v'*''
Ltd.—Annual
"new issue
a
-The
1,941,000.
Report—
of $3,500,OOQ
of
3%
;
.
;
,
'< The
(he directors,
in view
the, .company s earnings,
year,
of
to
50
cents,
making
-,
to
increase,
•
.
■
'•
*/
•
J
-
i,
•
-Net
'
sales
.*'■
YEARS ENDED OCT.
1947
...
-1—$76,822,008
"Government
sales and
excise
taxes—
*
;
*
,
'
'
•.
tn
*
;
4'
'
•
.
.
• ■
;
* i"
-T-—
1
■'
Prop,
-—
Other. Indome. —i
_
•
_i._
V
taxes'
Total .$15,020,553
Income deductions r^_;.—__
778,907
—_
Provision*
-'Prov. fori
for
depreciation-!—"——"J_—
income
and
excess
493,902
2,003,6f 3
profits taxes—.
_i—__
Net,, ope.r.^.
; Other
approp.
413,545
532,428
8,210,259
179,229
2,028,282
205.190
1,799,261
'2,562,713
2;302,770
Int.
on
income________
rnort.- bonds.___
"
>
struction—credit
—V.
:, 125,000
V
125,000
1,500,000
1,500,000
$543,936
$513,285
$5,377,62i
$5,562,432
30,666
75,968
954
;
$544,890
•
V
138.719
•
3,682
$516,967
■*
138,743
$5,408,287
1.664,625
$5,638,400'
1,672,555
11,787
15,381
'V.-4,571
.4,571
54,850
5,344
2,080
44,321
$369,494
the period_____'_
$3,723,058
$3,770,150
780,440
780,440
*
transferred
to'.distributable
paid
surplus-"
——--
$6,170,415
r
119,775
"-262,859
-
55, m
'
.Net' income
$404,299".
.
1.2,053
applic.: tq pfd.
2,257.773
stock
for
S4.704.091
3,500,000
Earnings, per share^—___—1—
$3.08
;
$2-35
Commercial
retired
and
19479—
Dr40,138
743.
p.
to
arrange
reason?
companies
are
in
always
$37,201,283 $26,440,660
((
near
1948
——T__—
I
nqt always
alphabetical
alphabetical
167, p. 248.
1947
$18,594,696
$14,391,365
1,101,207
—
,
is
exact
as
Month of JanuarysBales
731,24Q
Celotex Corp.—Annual Report—
The
eompany
the
fiscal
had
•
-Oct.
31,
U
,
approximately
year >ended
13,200 stockholders
1947, compared with
at
the
approximately
year before, 7,700 five years
beforehand 4,700 10 years before^
Dahlberg, President, said-,
••
•
<
7
"
4
Dahlberg noted that since the close of the' fiscal
year
the
company on po>v, 26, 1947, had
sold $3,QOO,O0O of
debentures to
repay bank loans of $2,500,000, with the
remainder added to
company
general funds.f He also announced that
during the year the company
had acquired directownership of El Rey Products Co.; southern Cali¬
fornia manufacturer of
asphalt roofing products.
"Sensing the tremendous construction
12,300
Mr.
the
a
-
requirements
country
years
luring
Balance
-V.
fuily
-
167,
p.
$2,942,618
543.
$2,989,710
and
for
and Financial Chroniclo (Reg. U. 8. Patent Offirpj
wtiHam
Seibert, President; William D. Riggst, Business Mann***^
135- S.; La Salle St., Chicago 3, -111. (Telephone State 0613V* 1
n
n
some
years
to
come,
Celotex
Corp,
would faoe
than two
its manufac^
more
ago initiated a program to
modernize and expand
facilities,''' Mr. ^Dahlberg said. -"While the work
completed, It has progressed to the point where
substantially contributing to tl\e, Increased, volume
lion's
and
earnings."
-
that
.of
is
it
not
Is
yet
rapidly
the: corpora-
V
**
<poinlJan5L^ Publishers, 25 Park Place New York a m v ke *
«"«««
—
offices:
A Tweelc [every Thursday (general news and ^dv^rHcw- ^
H®rberfc D- -Seibert, Editor, and Publisher -1
;u second-class matter February 25, 1942, at the post of [Ice. at .New York 44London, E. C, England, c/q Edwards & Smith
Con5rlahf1WiQ4a
issue on Monday!, other
■American .Uniort. $35.00 per year; ,In Dominion ol Canad" $38 00 X
yea"' Othe?^t,„nt6rt.A.Cli
^aKh 3- WW-. Sutacr^tlSiUiSted' States n a^ Xeile.T"3?? B'. Dan» Company . Reenter^
William
1
,
NOTE:
Dana
Qn
account of
the. fluctuations
in
the
rates
of
Change.
Stfa^e.
^YorfffSc^L^^Tni'^erflsements
must
he
•
close
Bror G.
business
The
-
were
1,749,125
,
/
'
Net inc.
shares-
during
Profit
(net)f_'_i^
Other* int.; and deduct.
Amort., of. premium on
debt-credit viJ—
Interest charged to con-
Div.
Dividends
4,374,313
281,284
Caterpillar Tractor
Co.—Earnings-
11.199,459
^.251,779
;
revenues A1
income
f
787,152
5,619,000
-
sold
NOTE—For mechanical
Mos.—1947
$1,809,856 $22,439,054
$19,603,743
-
1,681.095
5,654,000
1, 1938_:—_—x~
treasury—1,000 shares
However, they
position as possible.
'
Minority -interest
were
possible
Of
$13,030,516
6,000,000
5,905,785
1,756,271
6,408,683
Aug.
in,
..———
167,
241,805
.
res.
-/ ■
$14,466,280 812,399,905
554,273
630,611
held
—2—-
Total
."
•
-
i
—-V.
947,480
income.^ I.
on
retire,
Gross
".-Balance
since
(of which 735
I 265 shares
,
'
—
taxes
16,593,553
...
*
surplus
Preferred stock
at cost
a regular
quarterly dividend of
stqek. payable lyiarch 15 to holders
ouarterly dividend of 933/4 cents per
first preferred stock, payable
April 1 to holders of
revenues—:.—,—!... $2,110,000
excl. direct *vr..;
taxes'.
Other
22,79U),444
Gross profit
111—J' $29,007,110 $23,823,337 :
Selling, general and administrative' expenses-—
14,540,830
11,423,432*
r.
*
Fed.
$63,207,334
1—21,910,245
Cost of goods sold—
3%%
"Earned
-
declared
Oper. :exp,;
:
25,904,653
——.—
taken
"
Carolina Power & Light
Co.—EarningsPerio4 End.1 Jan.'Ol-Cj i.
1^48—Month—1947
1948—12
'*
31 >
1946
preferred stock (par
$50)_——_—
Common stock (par
$1Q)——-—-a
Capital surplus ——,r_—
-
order.
i"
--
1
271,604
5,963,250
5,905,785
—.__i—_
-
Oper.
CONSOLIDATED INCOME ACCOUNT FOR
the:
on
(non-current)
-
5
th?
•]-"
•;
'March
504,825
3,000,000
New York City real estate
•
an
•:
v
Last year, .the
company paid cemi-annual dividends of 50 cents
per
share «n the common- stock on -Rn.
2 end July, 1, and. an extra of $1
was disbursed'on Dec.IB,—y. 167, p. 248'
level
satisfactory
decided
effective rate of $2 per
shareholders has increased during
tshare per annum.- The number of
'the year to, 13,591." V.
'
,
of'the
cn
record-March 45.
,
dividend
"directors
.share
.
During the
stability
Mortgage lien, 3oh
on
•50 -tents- per share pn the
common
of reeord March
90, and the usual
,
and-
stock of this.'company was
1,16X955
1,149,899
on
uncompleted contracts and salespayable, 4%
(secured
by
mortgage on
Thompson Road plant)—
Curb
]on March. 10, for purposes of the
dfstr:but*on.
serial debep*
and
."quarterly
commqn
New. York
1,080,819
penses
Note
below.
March 4 quoted on the
Exchange ex a distribution of one share of
the
cornmon stock of Carnpco, Equipment Co. foj- each share
of Carnat'on
Co. common held." A record of
Carnat'on stockholders Is to be
'"V
$6,500,00(9 of 3l/2% sinking fund debentures] were issued.
oL the proceeds, -was used to ^retire
the existing $4,400,000 • of
debentures and the remainder" for other corporate purposes.
In addi¬
tion, the- shareholders were given the right to subscribe, by Oct.
15^
•1947, for one share of common stack at $20 for every ten shares
held.
'This resulted; in an increase from 2,000,000 to
2,200,000 share's in the
issued capital stock as at Oct. 31, -19.47.
*
-
iPart
Co.
Carnation Co.*2-To Distribute Carnaeo
Stock—
•
.
March
Carnation
.$151,600
"19.240
'
As of
1945
*45.216
•
167, p.-543.
Canadian
-
'
*
$190,000
railway
—t
oper,"income—
* Deficit.—Y.
-
"
from
•Net
,
1948
-•
-
Carnaeo Equipment Co.- -Stock to Be
Distributed-
6,500
2,607,589
687,422
966.445
Billings in
Canadian National Lines in New
{
$3,000,000
206,700
3,750,821
—_■
interest, otc
Fed, and State inc. taxes for
87,810
800,000
.-
pay.
______
Prov. for
2,581,000
10,695,285
„
——_
Botes-payable to» banks—
Current instalments of amts-
824,000
.
14,708,953
LIABILITIES—
Accounts payable
Accrued wages, taxes,
1946
$2,048,448
4,113.539
foreign subsid¬
(less reserves)—
Cash segregated for purchase of
plant—
J-apd, .buildings,, machinery
equip., etc. (net )—
Prepaid expenses and deferred
charges————
Patents, designs, developmt., research &
goodwill
$2,400; surplus,
total, $5,805,751.
31
ex¬
(inel.
consoD^at cost,
to
1947
"Federal income and
in prior years—
Miscellaneous investments
after
amounted
$2442,290
7,350,856
hand-
cess profits taxes
paid
Inventories
$1,352,734.
A,..
$446,265;
'
and
reserves
Cash segregated for
pfd;; sleek
31,
$0.20
•
expenses
$813,675 in fiscal 1947 and
$509,197 in fiscal 1946.
thereto
1947,
191,302
$3.44
——.r—————
Dec.
$309,439
238.398
share——_—
■"Deficit.
$255,905
$2,272,774
stock-——-—————___
.
stock___l
-•
;
1945
$291,395
Crl,8^8,000
•.
.
investments
288,471
1,941,090
tax
credits, - representing Fed,
taxes
refundable under carry-baek
provisions of In¬
ternal Revenue
Cod_a——
'
■':
.<
:
-•
$182,328
1943
5,289,077
new
Net profit
(incl. carry-back tax cred. in
'46)
Dividends on preferred
$191,283
$3,870,833
factory rearrangement,
etc.", and
r
$238,052
31
1946
$4,847,646 ■"$1,418,244
155.402
118,154
(net)——
14,548
■
OCT.
$11,045,122
6,197,476
expenses—
31,682
of $473,000 for Federal income tax,
as
in¬
this
.$52,910,590 $23,476,247
v
41,865,468
19,805,414
2,495
securities
$3,446,453;
* 47,862
of
„
33,502
$289,987.,
BALANCE
Most
1947
.2,134
of
goods
FOR YEARS ENDED
36,396
accrued
and
dividends
payable,
$11,433;'
loaned against cash, $80,500; reserves
for expenses,
taxes, etc,]:* $11,265 ; 3% .debentures, due
Aug.
1,
I960,, $1,150,000;
$3 cumulative/preferred
stock, series A ($10 par),
$434,000; • class A
stock
($1 pari, $143,405; class- B- stock
die par),
1945
$151,087
24,703
•
Ar-nrvTiMT
.,.IIABILITIEB-^Interest
due for
1947
railway—— v $139,351
railway——- *. '• 10,817
;
.
'
.
$160,201
Gross from
'Net from
v
•>
.
'
and
income
Carry-back
ASSETS—Cash'-Pln'';banks,- $173,539; investments in U. S. Govt,
securities—at cest,-$351,586; investments in other
securities—at
cost*
$5,174,887;- dividends and interestreceivable, $.28,651; special deposits
for dividends,. $77,088;
totah $5,805,751.,
-
'
.y
to
move
-tThe
-I
TNrrwir
(related to
partial
plant in 1947)
Provision for Federal
and State income
taxes—
YEARS
■
.
„•.•■
income
before
corporation has determined to elect to be taxed
as a regulated
investment company and as such should
have no liability for
Federal
income tax in respect of the above income.
provision
general
Profit before
;
28,036
The unrealized ' appreciation
finished
obtained
'
surplus,,.$100,114;*approunappropriated
earned
surinus,
p.
;
from
v
43,463
class
deducting
capital
166,
$25.09
34.500
on
•>/
(est.), $33,795; accrued sundry expenses, $21,941] Federal taxes an
.income for the year ended Nov. 30, 1947 (est.) (less $322,459
Treasury.
Savings Notes, Series C, plus accrued interest), $157,541; reserve for'
'cost
of
servicing guaranteed products; $12,597.; common-stock
(par
>alue $1.3,50
i
procure¬
building up of
selling season.
from. $5,449,080 to $10,699,726.
for by the
purchase, for
Operating profit
Other
$134-22
declined
«
• After
deducting Federal income and other taxes
applicable
.of-$5,380 in. 194.7, $83,130\in .1943 and $30,087 in 1945.
.,
,
employees, $2,598; $18,031; property,
depreciation of $1,611,436),.
reserves-for
to
v
CALENDAR
$3; cum. pfd. stock—,,
years,
r
1944
Dividends
from
prior
basis.
2.359
of
corporation
taken in order
was
profit
Selling,
$251,559
on
A
action
—
1945
Dividends
Dividends op class, B,
current
JDATED INQOME ACCOUNT
were, equivalent to
the preferred
1947
sales
This
36,766
'_2'_
on
thoroughly
Factory rearrangement, etc.
_
profit,
cancellations by the
rose
accounted
was
Gross
$255,365
inf.)
income
assets
CONSOLiDATKr>
2,000,000
1946.
—11
expenses
anticipated, due
fu.ly reflected in
Approximately
of
1947.
Completed contacts and
sale&__——
tost of
completed contracts and sales
basis
same
,
at lower of cost
market,. $1,647,809;
cash
insurance deposits, $22,231;
$6,001;^ due
income
and
*
of,
$320,046
.*
a
fisoal
with the
advance of the
heavy
is
plus
$363,612
-
(other than
Other
inventories,
insurance, $117,759',
(at
taxes
cost
payment
Co., Ltd.—Annual Report—
ACCOUNT
income'
.tTaxes
replacement
or
at
-
.
ASSETS—Cash, $1,577,754;JU. S. Savings Bonds, Series F (at cost)',
$5,180; trade accounts receivable (after reserves for doubtful
accounts
■and
of
>1
j
share.
a
Interest
ended
year
104,197
•
■"Net
\
1947
Government
for
1947
in
excess
•'••
■>•
from
$23.84
'$1.30 to 98';cents
;';.>■'*■
'
-
$6,449,682
in
-
'examination
,
and
not
are
1947
142,924 v
statement
in
asset 'coverage changed,
during the year from $140.14
share, while the-class A stock asset value
declined
a
than
,
.
stock
in-
loss
1,724,571
$57,218,858 $43,356,707
'•
-,'J At Dec. 31,
1947,*. the net assets
$6,005 per $1,000. of debentures.
30,
2946, has been restated to include additions of $60,570- to cost of
prod¬
ucts sold and
$9,804 to Federal, taxes on income which resulted from
of Federal income tax
returns through- the year ended
Nov. 30, 1946.-:.
a,-'*
"I..*
•
9,436,693
taxes^,;1"""Represented by 2,200,000 shares
INCOME
expenses—
profit
S.
prop-
equipment
eluded in costs and
•
•'
583
vi';
for depreciation
plant,
.
2,599
;
profit_-.i-i_id-$765,266"
erty,
...
1,717,413
16,421,711
*
written' off.' 1 Also after U. Si.
Capital Administration
J
51,800
.
Dividends
paid—."——310,421
Earnings per share———2———$3.69
■"Provision
750,000
.book values, which
shares in11946.v~Yl 166, pi 1148.
.
563
A.
prior
$1,017,200
31,
$4,000,000 from War
of the Thompson Road
property, final title to
on
Oct. 1, 1947, after
many months of negotia¬
tions. In spite
of this delay, the
corporation was able, under
of the
the terms
purchase contract, to transfer a
substantial portion of its
heavy
machinery operations to the new
plant during the fiscal
In November
year.
and December of
1847, the first two months
of the
present fiscal
year, orders were booked in
the amount of
This compares
$8,308,587.
favorably with the volume of new business
written dur¬
ing the same period a
year earlier. '
However, operating results were
not
correspondingly satisfactory, this being due
largely to a return of
shipments to a more
normal seasonal pattern.
As of Oct.
31, 1947, the corporation had
borrowed
a
$1,800,000 under
revolving credit agreement,
$3,CGO.OOO under a term loan
and $3,200,000 -secured
agreement,
by a purchase money
mortgage on the Thomp^
son Road plant.
205,300
18,147
(Cr)—-t.—1-—.j'-
-
U.
2-695
.
778
486,000
.:a——
*
£
of
.amounts
on
Administration,
which
1,688,530
*•
interest,i,depasited"twith
6,600
•
.L,ife insurance■
expanse.;—,3*3,696
Miscellaneous
deductions————
G,415
surtax
16,017
.V
_—
.•
fAt
backlog
fixed
Assets
931,081
20,451,123
1,724,571
depreciation of $7,585,575
1946d
deducting
securities
„
'v
*
in
somewhat lower
and costs that were not
conditions-coupled
Net
increase
tAt'lcost less al.owance^ for depreciation of
$1,429,222"
$1,113,041
•icosfc,!'less reserves!!!
•
„•
•
'•
property-———-
and
$578,837
*,
?,012
.
stock———_■
vacant
on
$681,004
for
Oct.
close of fiscal 1947, the
working capital of the' corporation
$14,430,415.
This, is op the low s;de when
related to present
contemplated business
volume, espec.ally under present
ment
de-
_
21,917
were
the result
was
prior to
the
ventories in
I.
Total
in'7946i
Total
.Interest expense.;—i—u"
Expenses
incurred in. registration
;
and listing bf
the
corporation's
1,100,000
311,462
.—
income__;
At
the
4,500,000
i_____2—_:
———
ended
31, 1947, the backlog of unfilled
orders amounted to
$21,with $31,635,191 a
year earl.er.
orders booked
and
$1,262,585
1,081,962
1,509,067'
-
surplus,
.
year
compared
4,400,000
subsidiary.!—r*—
Distributable
as
4,500,000
,*
4,746.765
.
2,928,444
r
container
for the fiscal
$3.44 per common share.
expenses
the decrease
10,000,000
-----
ii^st mortgage__l—
customers'
corporation
or
totaled
....—_
sold—11,677,108
$2,909,453
872,257
Minority "interest .in subsidiary
company..
"Common' stock _2„
.Capital'
surplus:L_-t—'.-^-.2—
..
$6,009,350
668,140,
of
'.
*
_
fcxr. lass, on demolition and
disposal of
equipment in-connection'with the
expansion
Report-^
As of Oct.
to put
Reserve
Burton-Dixie
j
laigeiy to increasing
selling prices.
■
2,443,484
1
,
—
refund
$4,603,669
less
the
However, pxof.t margins
,
$57,218,858 $43,356,707
__
Notes "payable to
bank~r_—
Debentures— secure'd
Inventory
40,154
543.
p.
677,980
134'3§3,725,238
half of
■Debentures 'and notes
payable—
3'*').. serial notes.—•
'1945 -''
1,435,057
sub¬
Uabi'ities——_
of
272,774,
the
booked
.'v.'
accrued
profit
in
the acquisi¬
tion and partial
utllizat.on in 1947 of a sizable new
plant.
During fiscal 1947 the corporation
completed sales of
$52,910,590 and
new orders of
$47,686,249.
Each, of these figures
constitutes a
new high
record.
2,056,960
880,785
—
purhhavq -of-- shares of
net
was $2
These
earnings, tne
history of the corporat.on, were after
certain extraor¬
dinary charges, including $789,274 of
expense incident to
or
1,871,303
and- investments-
1947,
largest
——
lilncame
83,671
-323
income
oper.
*
hand
—
$2*1,9Q8
57,698
railway
railway—"—
front!
ry.
1 946
362,119
14,795.480
17,030,243
10,262,623
_i——._
,
acquired since Oct. 31,
payments
1947
194.281
The
1,889,123
3,217,240
H. Carrier,
Wampler, President,
Jap. 25 said in part:
on
1,343,853
_—-
3
Carrier Corp. — Annual
Report — Willis
Chairman of the board, and Cloud
1946
4,443,254
cost—_—.
—
■
5,977
from
'Net
.Net
1948
-
-
tax—
at
subsidiaries—on
Accounts payable and
Burlington-Rock Island RR.—-Earnings—
^
S.
LIABILITIES—"
>
•_
.
.
profits
customers—
-properties
Premium paid on
prevision for Dominion and provincial prolils
due to subsidiary companies—not consolidated,
$23,263;
$500,"000; common..stock of no pan* value (issuea and lully
;
of
^Sundry
$208,147;
taxes; $346,805;
-bank loan,
excess
companies,
-
hands
31
$17,417,275 $15,151,003
of
allied
(■Containers, of U,
-
OCT.
1947
charges
"Land, buildings, plant and equipment
Construction in progress—_
in
LIABILITIES—Accounts
in
AT
funds)
•
Deferred
*
bills
'
SHEET
Current "assets
fixtures, etc. (alter reserve lor d«*v*r"iaturi
for amortization of appraisal appreciation of
reserve
$2,796,388;
(Stated in Canadian
.
ASSETS—'
buildings,
machinery,
1
.
BALANCE
^
Monday, March 8, 1948
FINANCIAL CHRONICLE
COMMERCIAL &
THE
(1040)
4
BALANCE SHEET, DEC. 31
CONSOLIDATED
$20,093,853
19,099,196
$11,203 911
153,075
$7,665,106
$2,143,694
$1,594,663
160,225
114 459
111 392
of
Net
.at,
fca-e*
profit
oper.
lunded deot
on
557,250
501,872
Cr340,867
0101,707
330
deciucaona
ue^B
Income)
other
^unort,
of
tion
Crl49,741
——
$3,227,929
256.803
$605,525
256 862
PC8.623
outstdg._
305.472
830,513
855,472
$4.17
shs.
Common
$6.59
stk.
Earned per sh. c^m.
1
*3)4,184
3/7,7j9
$0,o3
Net
receivable
or
Net
*
railway—
from
railway
from
Net
Net
—V.
167,
Net
$2,780,560
income
Deductions
Deficit.—V.
167,
'
January—
Operating
Net
revenue
*71,818
'
167, p. 842.
'
;
Net
Net
C.
167,
2,538,535
-V.
167,
854,296
1,526,526
Retires—
Treasury
*$366,238
623,116
471,559
,
T~
from
Net
ry,
*
railway——
income
*72,516
eper.
..
Deficit.—V. .167. p.
647.'
63,728
*49,022
,
Salt Lake City,,
Challenger Airlines Co.
*,..*
ters With SEC—
.
• >.
*29,144
*121,676
,.b.v
by
Net
March
on
1
600,000 shares
Chapman Valve Mfg. Co. -Annual Report—
sales
Net
$13,858,222 $11,900,125
11,203,660.. 9,961,884
—>
*■,
Cost of goads sold
Depreciation of plant
—
_
1945
1946
1947
Years Ended Dec. 31—
$17,465,011
14,102,797
181,002
1,357,567 '■* 1,313,907
*693,600
1,292.659
.,,217,369
General and selling expenses
...
_____
$1,375,955
55,496
-
$443,332
,
53,392
—' $1,119,043
Deductions from income—...*179,577.
Provision lor Federal income taxes
357,000
$496,724
$582,466
350,000
35,000
$3.91
$351,443
$501,451
- 350,000
; 350,000
$1,079,626
Total income from sale of goods..
.
Miscellaneous
39,417
income
Total profit
i
2,281
.
original
balance
ered
by
but
fall
the
$1,431,451
far
their replacement at
all
(Incl.
•'
■
profit
*_
*—
I
dividends L*——
Preferred dividends
Earnings per
•Including
>
—*
common
share—.
.
lAfter
amortization.
v
■ >,
35,000 '
$2.26
35.000
$3.33
.
.
.
'
sales
Net
SHEET,
BALANCE
ASSETS—Ca'h,
(U.
surrender
8.
value
1947
31,
DEC.
officers'
.
depreciation of $1,567,678),
machinery and equipment, after reserve for
prepaid),
y / '>
•*; 1
>'. *.
payable, (trade), $336,703;, accounts payable
$3,719,631;
patents,
$45,219;
$7,136) total, $3,229,517." .
assets " (expenses
deferred
.
LIABILITIES—Accounts
$907,825; accrued .wages, $98,166; accrued
State taxes, $85,303;, social security taxes, withholding,/ etc., $57,237;
reserve for. Federal! income taxes, $626,238; common stock
($25 par),
$3,500,000; preferred stock ($100 par), $500,000; surplus, $3,218,040;
(17, B. Govt„ Steel Foundry),
total, $9,323,517.
NOTE—During 1947, the company acquired the. Government-built
steel foundry, which had been- operated by - the company since 1943,
for $916,500.
The original cost of this foundry was approximately
$3,100,000.—V. 166,
p.
2556.
■
*;
*.->■; 1
- *:
Charleston & Western Carolina
1948
January—
Gross
Net
from
from
Net ry.
;
railway
railway.
oper.
income—
*Deficit.—V,
167,
$429,270
81,021"
44,245
(
I
* t-
t
,
!i
v
■
t'
v
••
Ry.—Earnings—
1946
$287,163
*3.864
*26,524
1947
$393,983
84,515
49,815
r
'1945
$369,074
112,831
45,169
647.
p.
of
Cost
accounts receivable, $1,199,992: invest¬
$609,144; inventories,' $2,570,026; caah
life
insurance,
$99,453;
land,
buildings,
bonds),
sales
Provision
ice,
„
,
.
1943.
..,,1947
,
y
1946
restored
to
tProvis'on
railway—*. $19,064,900 $17,453,340. $19,906,529 $21,313,959
Net from railway,.
5,822,702
6,348,287
9,441,018- 10,148,699
Net ry. Oper. income—y. - 2,520,598
' 3,130,288
5,194,619
3,699,712
—'V- 167, P. 939.'^ :
*'•
"
1
,
7
bank
and
Federal
taxes
Net
cn
its
————
5
Other
50,297,211
resulting
taxes
credit
sharing plan
Cf929,649
.
4,374 349
.
647,551
696,035
635,496
51,300,000
;
Net
Cft$h
unused
fiom
1
>
'
14,200,000
67,181,220
18,889,290
■
Cr8,000,000
/
paid-——
67.181,220
26.889 290
25,019.009
r_.
1
profit
dividends
13,053.396
$7.72
$3.03
1—
§Earnings per common share
tAfter deducting unused
provision , of
prior, years amounting to $756,668' in
1947 and $1,074,237 in 1946.
JEqual to reconversion costs ($5,558,019) included in costs and ex¬
penses
for the year 1946. less applicable reduction
($4,628,370) in
Federal income taxes.
§Based on present shares of $2.50 par value.
including
amortization.
.
NOTE—Undistributed net earnings for the year
in
the
amount
exchange
net
of
earnings
of
1947 of foreign sub¬
(in United States dollars and
the proportionate part of un¬
partially-owned domestic subsidiaries in
$4,506,044
adjustments)
and
amount of $15,829 have not been'included iiv the above statement.
Accurnul8ted.net earnings retained for use in'the business of'these
subsidiaries
since
their
acquisition?
amounted / to $27,497,572 with
the
respect to foreign subsidiaries and $2,895,847
owned
domestic
subsidiaries.
its
437,418,399
32,311,675
,
721,296,629
922,052,153
v
—
1,031,693
*
43,807,019
89,951,382
87,911,432
—J.
premiums written in
10,924,329
221.767,903
80,728,305
543,793,625
companies—*—
L
302,496,213
1947 bv National Sufety Corp.
National Surety Marine .Insurance
with $14,532,391 in
1946.
compared
as
8,616,152
166,004,867
348.437,275
* 1,074,028
16,419,508
factoring
subsidiary,
81,561,890
455.882,193
——
net
1946
75,826,825
,
177,097,271,12,721,410 ""
!
of
1947
158,618,594
totaled
Underwriting
Corp.,
profit for the year was $366,734, compared with an underwriting loss
in the previous year of $177,602.
Unearned premiums, i.e., premiums
collected in advance which will become available for expenses, incurred
amounted to $12,440,8*38 at Dec. 31, 1947,
$11,453,517 at Dec. 31, 1946.
Investment' income
the sale of securities totaled $1,585,610, before
taxes, compared with $2,891,010 in
1946.
,
'
\
'
Consolidated
net earrings, after taxes,
of National Suretv.. Corp.
losses
and
future
the
profit on
realized
year
1946,.
earnings,
with
compared
and
.•
1947
were
$1,622,222,
as
compared
with
" •* :■ '
:
■
$2,218,408 iix
r
with respdet 40 partially•'
' •
■
-1
'
'
•
anticipation of ri^duced Ac¬
tivities
following
the termination of hostilities,
the investment, Of
C. I. T. in, First Industrial Corp., a non-consolidated subsidiary,. was
reduced in 1945, out of earnings, by $1,149,774;; During 1947, dividends
of $30,000 were
declared out of earned surplus by Fir,st industrial
Corp. This amount has not been included in 1947 earning^1 of C- L Tbut has been used to further reduce the investment in First Industrial
MANUFACTURING
OPERATIONS—In
to $1,706,913.
;
Operations of First Industrial
'
Corp.
excess
*
—
t
31—
obligations.;
—
—
Receivables
"
1
1,112,314,651
.166,461,032
loans.
—*
products
Total
7,824,803
I ;
at Dec.
instalment
vehicle
$16,596,869,
..
13,586.357 *20,999,792
,66,253,122
credit fees_l.:—_______
income
earnings from operat'ons— Ll_
of prior vear's Federal excess prof¬
'
243,741,752
7,532,027
.
obligations*-*.—1—:*—_ '
Motor
Consolidated
Recovery
profits
Outstanding
instalment
for
„
nrofit
bonus
fnr
Interest
495,683,051
—
-
instalment
and
■——
advertising, serv¬
—
L__
receivable-*—
obligaticns——V—__
Open accounts and notes receivable——*
1'
Wholesale notes and acceptances:
'
690,267
965,539
expenses'_i__—-r,
income—
128,782,867
99,645,447
15,313,438
^——I—_1_ 1,681,990,761*
companies.:.——___
953,862,555
Total
7
,
for reconversion. expenses
^Portion of reserve
distributed
1945
from
general:
266,921.293
204,312,731
24,449,027
—a
vehicle
instalment
Personal
.
*_i__*„2,G35,853,316 1,643,348,782
motor
Other
1,367.935.-248 870,690.678
_1,164,544,165 765,950,988
depreciation.—
for
and
sidiaries
Chicago Burlington & Quincy RR.—Earnings—
January
Gross
__J—
Admin., engineering, selling,
including
-■
—
$ -
factoring
Receivables
as
$1,078,917;
Govt,
•
4,342,958
—
income.
Total
ments
income
.
<•
.
1946
obligations-
**—^_*-**__1_*,
Retail
of $45,000.
credit
Totals
:
1,362,626.751 870,000,411
T_—_
miscell.
and
$
..."
•
subsld'arles——.
received from
Dividends
Interest
.'
...
1;47
acceptances:"
vehicle
Receivables of
'1946
1947
"v.".,
'
'
*
.
•.
■
$
notes
Total—'_H_
:
YEARS
subsidiaries) ■"
wholly-owned United States
•
'
"
'
obligation^——
and
Other products
accumulation to cover
FOR CALENDAR
INCOME ACCOUNT
CONSOLIDATED
930.000
•.
,.
inflated prices.
'
Net
Common
Motor-
Totals
r
1143,000
-
obligations
notes and
WholesaJe
depreciation charges have
representing an adequate
of
short
cost of
„•
instalment loans—
accounts
Open
offset
costs and for that rwason have ceased to be includrti in the
sheet figures. Accumulated depreciation reserves are consid¬
the management to be adequate in -relation to original costs
which
upon
use
■
vehicls instalment
motor
instalment
•Total instalment
equipment
in
'
'
volume—
Personal
capital was $217,082,068.
cost of all buildings,... machinery, and
now
owned and used by the corporation in its operations was $210,384,362.
It is estimated
that their replacement4 at today's price ievel would
cost $352,000,000.
Against this eventuality to date there have been
accumulated depreciation reserves of $130,513,952...'The foregoing fig¬
ures
differ from those shown in the balance sheet inasmuch as they
assets
to
the amount of receivables outstanding
with the prior year, are shown
and
year,
tables:
Other
on
include
the
for
Retail
.
original
classes,
the following
;
working
The
adequate
considered
reserves
,
'
capital account were incurred for buildings, machinery,
equipment and tools.
■
.
As
of Dec
31, 1947, cash and cash securities were $216,220,463.
Receivab'es amounted to $47,643,421 and the net value of inventories
on
hand was $111,569,568.
Liabilities,: all current, were $162,125,439,
funds.
company
cover.ng
per share, in
stock outstanding at
$1.27
or
common
the close of the year, in comparison
in inventories
increase
an
was
/
and
off,
written
been
have
Net
'
.
of
at
payments, there remained a balance of
amount of $42,162,212. During the year
of $5,259,394 and expenditures of $32,-
the year in the
earnings for
-
filpd a registration statement .With the
($1 par) common stock, of which 400,000
are being sold for the company and 200,000 for the account of Claude
Neon, Inc.
The stock will be offered at $2 a share without under¬
writing.
Proceeds w.ll be used for equipment purchase and general
SEC
•
shares
of
in
the year were
years 1925-1941, inclusive.
After providing for dividend
927,430
The
amounted to $25,019,009.
year
number
the corporation against future losses and unforeseen contin¬
have been set up.
/
■
: >
> :*
The volume of business of the financing and factoring subsidiaries,
$67,181,221.-These net earnings are
4.93',fc
of sales, and are comparable to an average of 5.48%' earned
during the five prewar years, 1937-1941, inclusive, and with an aver¬
age of
5.82% of sales earned during the peacetime period from the
first year of the corporation to the beginning of World War II, the
Utah- -Regis-
1
..*
Federal
$122,675,497 are
earnings for
Net
$4,547,187,
with
compares
same
gencies
of
Government taxes. Dividends paid to
stockholders during the
„
$571,314
')■•:
.//A
<
1945
1946 $636,937
30,568
*67,198
1947
$760,432
1948
$732,000.
36,693.
the
on
31,
protect
supplies and
which
Inc.—Earnings-
Vermont Ry.,
Central
Net
The
recoveries
foregoing
losses
trucks,
United States sales
and Dodge
the total
1,005,566 units.
.
...
-,
.
corporation spent $901,680,168 for materials,, parts,
services.
$259,148,583 was paid in compensations to its employees.
Total
tax charges in the amount of $132,970,279 were incurred,
$151,557
on
1946.
Results of operations in 1946 were substantially ben¬
efited by
profits realized from sales of securities; profits from this
source in
1947 represented only a small part of total earnings.
In accordance
with our usual practice, all determinable and known
United
corporation and its wholly-owned
$1,362,626,751, including automobiles,
3,580,948 shares of common stock out¬
Earnings are after all charges and reserves,
from reserves for losses and taxes provided in
share
per
years.
The
Presi¬
Report—K. T. Keller,
1947 amounted to $7,282,086,
earnings for the year
net
$2.03
include
and
prior
parts, accessories and other miscellaneous products.
of Plymouth,
Dodge, DeSoto and Chrysler passenger carstrucks were 944,379 vehicles, and Including Canadian sa}es
—
January—
Gross from railway—
to
1946
this
by
part:
standing at Dec. "31, 1947.
said in part:
subsidiaries were
States
619,203
sales
1947
The
$1,464,308
544,489
548,867
•
Report—Arthur O. Dietz, President, on Feb. 18
Annual
and Assistant
the company's
on
Feb. 28 retired as Secretary
completing 45 years of service in
department.—V. 167, p. 842.
bears interest at the rate of
This borrowing was made pursuant
1968, which
1,
annum.
Consolidated
after
dent, on Feb. 21
.1947
.
per
agreement dated Nov. 21, 1947.
an
said in
'
Vanderpool
Ward
743.
P.
March
equal
Treasurer,
Financing—Arthur
Corp.—Private
Dietz, President, announced that the corporation on
1, 1948, delivered to the Metropolitan Life In¬
surance Co. its note for $50,000,000, dated March 1, 1948,
Pacific RR—Official
Chicago Rock Island &
Financial
O.
• 1945
$13,105,709
2,980,471
143,356
4S.323
'
r
.
.
827,619
March
1947
1946
$13,297,667 $12,943,744
1,474.9*0
2,034,215
939.
p.
T.
647.-
1945
$3,023,432
1,043,016
381,84Q
1946
$2,295,543
540,8s9
302,368
1947
$2,745,880
636,672
income.—.
oper.
Ry.—Earns.
Texas Pacific
&
$3,193,762
1,111,580
railway
I.
etc.,
1943
P.
to
*1,068,776
income
oper.
"Deficit.—V.
213,510
$240,114
income
ry.
RR.—Earns.—
is
Net
from
due
1948
Orleans
frcm. railway—^
2%%
436.263
railway
depreciation,
New
Cincinnati
Ry.—Earnings-
railway.— $14,262,673
from
from
487,199,678 390,455,359
*_
—*___„
for
reserve
January—
Gross,
.227,647
2,203,988
—
of $56,346,234 in 1047 and
$51,344,576 in 1946.
tAt cost and accrued ini-erest.
IShares of $2.50
par value in ly47 and of $5 par vaiue in
1946.—V. .167, p. 245.
•
.
—
surplus
"After
1946 .. *.'f 1945
$18,164,797 $19,325,826
4,898,892
6,059,730
1,477,161
*335,504
income
oper.
*
5,093,853
20,912,177
6,409,414
2,758,922
21,755,660
21,755,660
25,958,106 25,958,105
277,360,474 235,196,262
reserves
Total
1945
$1,144,628
385,820
_
838,170
670,638
10,993,562
etc.—
taxes
stock
77,980,206
85,449,698
58,602,126
taxes,
surplus
Earned
70,631
I8,6z9
St. Paul & Pacific
Chicago & North Western
*152,728
.308,753
income—
gross
Operating
174,582
1946
$794,960
135,481
,
1948
1947$19,398,327 $17,608,705
railway,—— 4
2,034,807
3,623,504
from
ry.
1947
-————
from
—
Chrysler Corp.—Annual
income
Gross
Deductions
income
Dec.
income—*—:—
operating
railway
Federal
Ry.—Earnings—
1947
$1,177,315
118,071
1948
$1,398,278
268,967
: 80,737
842.
487,199,678 390,495,359
4
insurance,
$540,931
77,214
8,043,996
taxes
subsidiaries-
witii
3,583,290
3,774,055
profits
—_i
Accrued
1945
J
$504,883
143,582'
railway—
from
"Deficit,—V.
$2,868,831
*506,634
Pennsylvania—Earnings—
?
1947
————
$1,487,719
excess
payrolls.—.
and
payaole
Capital
1946
1947
$681,079
220.957
J 113,736
January—
Gross
939.
p.
Central RR. of
Fed.
of
1
etc
taxes,
__
Accounts
Midland Ry.—Earnings—
Chicago Milwaukee
t
Net ry.
*8892,609
income
Net
*
gross
Total
1
January—
—
from
railway
ry.
Gross
Jersey—Earnings1943
——
$3,257,578
income——^—
*841,193
*680,200
income—
:—-—
212,409
refunds
'—V. .167,
880.381
512,013
*191,823
equipment—
and
insurance,
Post-war
$3,419,598
437,708
■
oper. income
"Deficit.—V.
167, p.
1945
262,176
plant
i
Prepaid
Accounts
Indianapolis & Louisville
railway.
from
from
Net
Central RR. of New
Gross
*33,796
260,778
1,499,895
85,335,615
1,752,157
103,608,935
Goodwill
647.
p.
Chicago
Net
January—
169,912
March
on
January—
Gross
Deficit.—V.
Operating revenue
Net railway operating
170,569
655,984
236,503
railway
from
Net
1946
_
*2,673
324.702
1948
$734,241'
from railway—255 943
ry. oper. income—J158,275,
Net
Ry.—Earnings—
income—.
167, p. 647.
oper.
ry.
524 815
Chicago & Illinois
Net
Gross
545 065
January—
Federal income and excess proiitj,
taxes
U. S. Treasury notes tax series,, at
cost), 11 912 673; provision ior other Federal and state taxes
$126,270; term bant loaas, 2Va % (maturing serially from Decembjr 1948 to
June 1S50), $2,000,000;
15-year 3iU'/c debentures, due Aug. 1, I9b0.
$4,592,001); 5% preferred stock ($20 par value), $5,137,250; common
stock of no par value (issued and outstanding 863,193 shares fuily palp
and 42,289 snares partially paid), $305,508; paid-in surplus, $5,9b9,212,
earned surp.us, $11/206,501;" total, $3£,103,440.—V. 166, p. 2207,
•
1947
$2,591,435
64,122
$2,518,659
.
company
Gross
$41,99a;
provision ior
(a.ttr deducting $3,380,000
1948
$3,005,157
294,746
1945
$2,339,318
,
subsia.
domestic
to
owned__^—
wholly
h.
.
—j—
advances
^Capital
Interest,
Central of Georgia
1946
$2,465,932
and
2.358,685
2,320 754
255,003
" " "
"
1
272,395
(net)
current accounts—offi-
employees
and
in
"Property,
1947
$2,083,494
income—_*
244 323
8,684,564
—-—
47.643 421
32,166,507
111,569,568 105,310,174
reserve)
reserve)
advances
and
cers
announced" that tenders of its general
mortgage 4Vu'/o
-.come bonds postmaiked March 1 still were being
rete.ved.
The
amount accepted and the maximum price may not
be announced belore the middle ox this month.—V. 167, p. 939.
and on hand, $5,101,040; U. S. Govern¬
which approximates market, $465,035; acchia«s
for doubtful items of $150,000 and reserve lor
January—
Expense
not
1948
oper.
The
$5,085,297; inventories priced at th.
security investments, $1,344,4jj,
property, t.anfc and equipment (after reserves for depreciation, deple¬
tion
and amortization of $9,249,071), $19,100,559; miscellaneous in¬
vestment,
tat' coet), $227,379; patents and Patent rights, at nom¬
inal value $1; deferred charges, $556,692; total, $36,103,440.
LIABILITIES—Notes payable to banks (due within one year), 1,000,000;
$2,234,898; accrued expenses, $897,1*1; accrued
co.t
ry.
(less
(less
LIABILITIES—
Ot $448,704)
rnaruet, $4,222,965;
tt-.ee
of
lower
receivable
Sundry investments and miscell. accounts
Tenders of Bonds—
banks
(after reserve
*1 eight
1945
Western Ry. —Earnings—
*Deficlt.
31, 1947
OCT.
SHEET,
BALANCE
in
riti-.v, at co>t,
202,952
shipments
car
wholly-owned foreign subs. (Can¬
ada, England and Belgium)—at cost.
*
2,358,685
Real estate not used in operation*——*
Invest,
railway
railway
from
Net
exclusive of de¬
discount end ex¬
$47,500 credit due
credit of cur¬
ASSETS—Cash
29,874
7,117
146,275
income—.
oper.
from
Gross
year.
ment sec
$2,606,446
60b,uV2
January—
755,472
celling and administrative expenses but
and d.-p.eaon.
tx..ciud)..g unamortized
pense on debentures redeemed during year.
JAfter
to
carryback to prior year of unused excels profits
"Including
on
against
Investm ts in
167, p. 743.
Chicago Great
156 863
170,755
377.772
755,472
$0.57
,
preciation
rent
ry.
—V.
$3,824,325
I*
profit
ommou
Illinois RR.—Earnings—
1948
1947
1946 $2,588,139 $2,318,307 $2,124,798
1 381,307
2J3,073
279,2^9
railway
from
Net
175,22$
pid, dividend—_
dividend.1;
Net
.'um.
cash
—
employees
thereof—
bonds for sale to
depos't for purchase
savings
war
Accounts
railway
from
Net
579,408
*3,464. J CD
047,6CO
4
net
S.
and
647.
p.
January—
Gross
p;rmium
for inc. taxes,
rov.
U.
Drafts
securities—:
marketable
Inventories
268.910
redemp¬
of
$
139.491.725 107,171,764
76,728,738 32,260,003
...
tShort-term
Chicago & Eastern
facil.
emerg.
-Write-off
_
and d^pl.
for depr.
rov,
*/ther
1C7,
V.
1946
$
Cash
616,481
925,048
/_
sales
Cost
1944
1945
$40 872.119 $33,090,464 $22,185 651
35i668,208 25,425,359 20,041,957
1946
1JK7
1947
ASSETS—
stockholders
The
31
OCT.
ENDED
•4et
Corp.—Loan for Preferred Redemption—
on
Feb. 26 authorized the company to borrow
$12,600,000 lr^m ba._ki, and insurance companies at a net interest
co >t,
after taxes, of about $236,COO for the first year of the loan.
Piinciial is to be repaid in seml-annuil instalment.) of $400,000,,
Til s lean was apnLed to the $13,000 000 cost of retiring on March 1
this
year,
200,000 of the 300,000 preferred shares outstanding.—
Chicago
STATEMENT FOR YEARS
INCOME
CONSOLIDATED
showed a net loss in 1947 of
of operations of First ,Indu^tr^aI
Corp. were reported separately.
Since the war, the activities of First
Industrial Corp. have contracted, while the .instalment financing activ¬
ities of C. I. T. have expanded substantially.
As a result,, the manu¬
facturing operations are no longer a significant part of the combined
activities of the enterprise and for this reason the practice of separatelyreporting to stockholders the results of operations of First Industrial
Corp.
$70,430/ In previous years, the results
Corp.
On
is
at
being
Feb.
17,
'■ ;
discontinued.
1947,
C. I. T.
borrowed from The Equitable Life Assur¬
Society of the United States $50,000,000,
an
interest cost of lVa■%
per annum.
ance
maturing March 1, 1950,
During the year, $8,000,000 (Canadian funds)
was borrowed
Canadian lenders for our Canadian operations.,' These
various
from
notes,
1950-1952*/* bear interest ranging from 2%
to 2,/a% per
annum.
Principal and interest are payable in Canadian funds.
'•
On! Nov. 21/,1947, the corporation entered into an agreement with
the Metropolitan Life Insurance Co., under which the. latter aareed
to lend us oh March '1. 1948, $56,000,000 maturing March 1, 1968, at
an interest cost of 23a%
per annum.
maturing
Volume 167
There
is
Number 4679
also
outstanding
1551, evidencing loans
interest
rate
Bank
of
credit
imately
$50,000,000
niade
lV2%
lines
per
to
the
at
tne
of
notes
corporation
maturing
in
June,
July
1946,
to
Interest
and
profits
were
Miscellaneous income
commis ions
received
on
saies
,
earned
ance
.U
policies written by
-r.
-
on
current
Interest
on
non-current
"Provision
for
Minority interest
—_
wholly-owned
Undiotrib.
Net
net
income
tuxes-n——__
directors'
of
Number
of
Earnings
"After
;
in
First
shares
prior
$58,370,353;
and
in
Industrial
Net
3,812
able
to
in
3,580,948
of
reserves
back
and
home
and
and
in
of
excess
1948),
taxes
and
at
prepaid
amount),
1947
SHEET, DEC.
plus
and
31,
cost
required
receivable
other
(due
by
S5;
other
total,
accounts
than
prior
—
$250,000;
ness,
to
U.
of
and
come
adjustment
losses
Dec.
down
accrued
laws),
31,
Cities
to
factoring
of
indebtedness
due
due
The
unrealized
xor
for
reserve
d rectors
accrued
of
market
retirement
of
authorized
proi.
$97,999
23,452,433
16,253,453
17,943,608
55,846,912
58,728,430
75,392,910
23,547,785
12,232,767
7,788,952
7,829,910
12,559,671
10,559,819
8,228,973
10,582,025
23,870,233
17,718,946
14,903,495
16,010,285
1,368,663
1,575,850
2.018,944
1,703,851
61,346,352
42,087,383
32,940,363
36,126,07/
18,534,816
7,887,063
15,367,547
10,510,523
4,2a4,158
10,259,621
6,613,967
.
371,000
183,861
1.40,000
Nil
—
taxes for
proiits credit
of
324,155
574,763
602,16a
Cr653,2S6
29,2:9
has
supplies inventories below.
SHEET,
1
employees
sub
ior
1945
$363,212
1944
for
lo.ses
in
losses
of
comp."
(Cr)_
20,969
877,376
14,505,867
11,944,341
8,812,176
those
(exc.
coot
,
of sales
1
or
103,591
1,368,334
928,254
1,145,32.'
8,312,809
8,236,822
12,542,075
363,468
57,040
255,454
57.896
.
58,617
64.442
3.961
.
1,778,716
1,070,280
1,064,780
15,319,951
6,534,093
7,166,542
11,477,296
6,300,013
11,682,235
2,919,183
4,294,732
9,019,938
4,851,808
4,247,359
7,182,563
Cr735" 000
"1,508" 116
61,523
146,914
56,582
76,668
3,146,329
1,702,112
1,145,438
1
1
$2,143,143
$770,266
$206,095
$104 367
$73,940
Net
'■
$37,589
and
inc.
nor.
surtax
from
oper.
1
$3,021,710
Canadian
inc.
604,822
1
$4,359,206
trade
1,055,205
19,070,082
V)
income
U. S. &
750,959
plant
and
cost)!
t
10,043,98_
in
Fed.).
.'-.vi-.V1
Net
sup¬
62,682
7,592
Res.
for
fluct.
values
(at
2,454,14
losses
loss
3,750,131
170,979
,
/
27,36
385,632
paid and
adjust, exp
Insur.
••
stamps-
'
"fi¬
•
beer
'
3,959,6,u
exc.
net
$33,750
105,000
1,158
—
'
Canadian
fluctuations—
Taxes
! ,5,000.
'
.
commis.
manage.
exps._
to
policyholders,
Balance
and
Formulae,
——
Res.
31
1946
—'
materials,
"Property,
and
(net
reserves)
equip,
ox
exch,
41,COO
receiv,
etc.
income
of
DEC.
$676,974
•
prems.,
iees,
income
Reserve
tLoss.
$171,819
of Fed.
manu-
invest,
agents'
Div.
carry¬
reduced
been
notes,
C
on
insurance
resulting from
tl947
&
Other
$1.48
$0.82
1944
1946.
of
income
on
and
;
insur.
Salaries
$177,115
237,230
60,000
above_
write-off
■'
$
Cr41,000
_v—
excess
1944
$
451,891,244 439,682,898
29,311,723
sales
uom
sunary
1947
inspection
Res.
in
—
for
sec.
1,000,000
—
conting
marks
24~528
and trade name-
CrlO~3J9
10,602
1,650
7,595,410
$22,730,754;
balances
on
Accounts
paper,
1947,
31,
of
companies,
immediate
be
of
the
manufac¬
Social
IY2V0
4,862,207
5,031,757
5,672,795
for
reserve
losses
in
liabilities
benefits
for
payment
price
and
redemption
debentures
and
on.
accrued
after
of
the
1,
at
are
March
interest.
outstanding $22,000X00
1958
$0
and
for
reserve
and
in
$1,000,000
directors
on
the
March
df Lke
of
earned
NOTES—(1)
company
As
merged
stock
167,
plus
a
of
quarterly
the
on
$10
record
dividend
of
50
March
15.
in t al
An
per
stock,
common
pay¬
Dec.
011
19,
St.
•«
>
'
■
k
""
company on Feb.-25
5,OCX shares of capital
7an. 20
held at
for
$9
filed
letter
a
stock
to
be
of
notification
offered
subscription in rat'o of one
per share.
Rights expire 3
for
March
p.m.
23.
portion will be taken up by Chilson
Newberry Co., Inc.,
will be used for
general corporate purposes,
Co-operative
Stove
the
of
Colorado
&
Net
from
Net
ry.
$1,169,604
railway
Kingston, N. Y.
—V. -167,
$981,479
the
January—
?,
from railway-—-
$939,128
143.234
46,374
1948
1947
Brewing
stockholders
1946
V
<
amendment
will dh
the
to
$5
par
articles
each,
to
porate
desirable
"
purposes,
further
actiop
such
by
57.780
17,743.
16,744
-
of
Create Preferred
issue
action
shares
the
to
all
or
may
by
which
of
the
intention
company
will
bank
oi
and
have
the
carried
were
at
last
resulted
'
plant
agreement
loans
are
be
to
better
of
be
the
of
1,
'v
•
throe
•
•,
r
inventories
is
agicement' dated
notes
issued
as
provided
the
that
1947
the
be
the
submitted
board
of
their
by
with
for
Internal
SHEET
on
hand,
AS
OF
DEC.
31,
1747
$50,685,814; marketable scVi>
in
for
reserves
accounts
on
and
and
unearned
notes
notes
income
receivable
receivab'e
of
(less
of $17,923,336
and
for
$2,833,750)! $357,441,728;
for
reserve
bad
debts
$139,-
mortgages,
$47,839;
repossessions ;(at
prepaid.interest anl discount.
ipsiiriace and
$578,079;
bxpenses,4$898^24; tot&l/
payable
$173,032,814.-,; 7
short, term), $258,988,000;
(unsecured
.
suret*
agreements,
782,298; customers' loss reserves, $5,653,673; dividends to
policyholders—"insurance
company,"
$294,982;
dividend
to
common
stockholders
(payable Jan. 2, 1948), $430,333; unearned
premiums—
"insurance companies," $15,019,864;
reserves
for losses and loss ex¬
a
notes
values, $562,344; reserves for Canadian exchange
fluctuations.
long term unsecured note—due Aug. 1,
1951.; $35,000,000;
unsecured
notes—due
Sept. 1, 1957
(subordinated to aft
liabilities), $25,000,000; reserve for contingencies,
$5,000,000; minority
interests in subsidiaries,
$190,206; preferred stock ($100 par value),
$25,000,000; common stock ($10 par value), $18,414,730;
canital sur$449,931;
are
into
company
the
long
lor
.determine,
may
term
pl"S.
a
agrees
noteholders
directors
interests of the
security
regard
noteholders
by the company and the
may
that
faxes
payable, $22,000^,49; accrued income taxps and
renegotiation.
$8,398,368; accrued other taxes, $1,797,810; funds held und^r
if
banks
and
fluctuations
account.';
months
six
the
of
pense—"insurance companies," $10,196,258; reserves for
fluctuations in
1,
exchanging
or
of
give
for
LIABILITIES—Notes
'
Dec.
provides
end
will
company
BALANCE
banks
reserve
accounts
prepaid
the
stipulates.that
in
ance, $103,656; real estate and
depreciated values), $133,936;
.
at $264,831,
It
profits
provisions
inventories—"manufacturing
generally
- '
$76,956.
1947
$1,000,000.
converting
proposal
Dec.
outstanding at
amount
promissory
desirous
such
dated
agreement
subordination
conversion;
<
be
of
part thereof for proper cor-,
taken without the necessity-of
the company.
If the proposed
will
be
enabled
for
to
issuance of
or
comply, with
preferred
their
capital for the
a
exchange
for
and
request issuance of
and
designated
issuing
should' issue
any
preferred
a
or
other
as
commcn
stock
.additional
There is
stock.
common
slock/
In, the
preferred stock with rights tp
vert into common stock;,
.additional common: stock will be issued
exercise of such' coriVefsion
rigntS. \ "
from
from
a
$17,831,441;
railway.—
earned
surplus,
$22,051,583;
total
$473,092,814.—V".
railway—
23.553
12,588
income—
13,019
499
oper.
167,
1946
$149,362
648.
p.
1945
$133,429
*
21,182
q
■
,
con¬
upon
.
'
,
Ifeb.
year
21
showed
Week
4.9%
a
Following
ago.
and
Ended:
the
are
,
•!
•
and
February 14
February
Januarv
—V.
—
7—
for
the
week
week
167, p. 940.
kilowatt-hour
comparisons
output
with
"
■
•
■
Commonwealth
i
:
<
&
of
218,309,000
'*'
r
Southern
.
.
:
5.8
or
points
b»ut.
to
bear-
April
..'The
1948, amounted to 335,004,173
as compared
with 301,186,020 for the
corresponding week in 1947, an
increase of'33,818,153 or 11.23 % .^-V.
167, P. 940.
'
^
7 (
26,
to
of
Co., Fort Worth, Tex.—
Financing—The FPC has authorized the comr
to issue $2,0C0,000 3xk% sinking fund debentures,
mature Jan.
1, 19o8.
,
The
First
the
debentures
would
be
issued
under
a
trust
indenture
'
to
void
surance
15,
toward
Nebraska.—Vi 166, p. 220p
lu >,
the
p.
-
(EST),
m.
at
April 15, 1948.
bidding'.
competitive
Uusubscribed' deben¬
% •:l ."
debentures would
3%, would be dated April 15; 1948, would niaturc
and would be redeemable , up tp April. -15r-1951, a^
this
date,
the redemption price
scales down
a
half
points
outrthat* the
at
1963,
After
every
threfe years,
from
sale
together
of
reaeliing'100 aftqr- April
the
with
issue
would
$3,729,101
be
from
15, 19601
'
'
applied, to the extent
the company's treasury,
redemption
company's
balance
company's
term
,
3
offered
debt
of
on May 1,
1948,' at $105 a share of 273,566 shares
presently outstanding $5 cumulative preferred stock.
proceeds would be applied to reimbursement of the
the
trasury
ior
retirement,
sums
..
^
,the
Bank, Fort Worth, as trustee, and would be, sold.to
Life Assurance
Society, Connecticut Mutual Life In¬
Co.; Massachusetts, Mutual Life •.Insurance Co., Teachers In¬
and Annuity,
Associations, Royal Neighbors; of Am-erir* •
4
Co., of
at
interest
cent
The
expended
.
„
•
x;-'
'I*.
for
plant
additions
and
long
,
•)»'
rtf
t'.H'U (* U
.
Consolidated Gas Electric Light & Power Co. of Balt.-^
To Do.New Financirg Privately—- -
Equitable
Bankers Life Insurance
■
registration statemen-
through the usual: investment channels;. the, Statriien,t
Application is to be made ;to have the' warrant^ admitted
the New York Stock'Exchange.
The warrants Would
$24,995,329
of
National
surance
a
,
close of
registration, statement!
102%.
per
Service
Private
pany
of
on
Proceeds
Public
the
tures'will-be
kilowatt-hour output, of electric energy of subsidiaries of
this corporation adjusted to show
general business conditions of terri¬
Community
'(
the SEC
$57,382,600
sold
trading
become
Output-
The weekly
week ended Feb.
at
chased
10.0
?
'"'i/,.
Corp.- -Weekly
of
business March 25, 1948, in the. ratio of $5
of' debentures for each shaire1 held/ The'debentures would be issued
only* in multiples ;of $100 and subscription Warrants; may' be
.pujv
tory served for the
„
1 filed with
proposed; issue
a
of, record
10.6
" 224,621,000
•'(■■
the
215,360,000
-
company on March
convertible debentures
Issuance -of-the securities is
subject;to, prior, authorization, by the
New
York Public -Service Commission.
'
The proposed debentures are to be offered to common
stockholders
% Inc.
,
The
.
covering
4.9
240,178,000
,
,
1947
218,458,000
...
•
totals
f
1947:
.
237,588,000
—
31—.—
0.2%,-
Registers $57,382,600 Debentures—
associated
corresponding
the
over
1948
229,234,000. )
238,120,000
February 21——u
of
of
Co.—Weekly Output—
increase
percentage
.
800.000
corresponding week of 1947. a decrease of 1.7%.
Local
electricity amounted to 202,100,000 kwh., compared
202.400.000 kwh. for the corresponding week of last
year, a de¬
distribution
*.
crease
Edison
on
(elecricity
29, 1948,
kwh. for the
45.921
709
/•'
Inc.—Output—
March 3 announced that System
output of elec¬
generated and purchased) for the week ended Feb.
amounted to
213,200,000 kwh., compared with 216
company
tricity
$173,515
13,327
•
-
*
,
Consolidated Edison Co. of New York,
The
«•
1947
$146,895
,
167, p. 249.
Ry,—Earnings—
1948
past four weeks
capital
in conversion or exchange for their subordinated n^tes.
authorized and fssued number of shares and par value
per share
present sole plass of, stopk will remain the same, such.'stock
present
said
loan
$400,000
ry.
any
provide additional permanent
business
reclassified
developed during
excess
Companies," at lower of cost or market except certain raw
material
aggregating $1,289,770 at cost on basis of "last-in—first
out/' $7,550,034;
land,
buildings and equipment
(less
reserve
for
depreciation
$3,237,047)—"manufacturing companies," $4,970,674;
company cars
(used by
representatives),' $673,088; ca'h surrender vslue life* insur¬
author¬
was
on
Electricity output of the Commonwealth Edison Co.
companies, excluding sales to other electric utilities,
a
of the company
be
a:t
with
proposed
amendment the
upon
will be able to take
prcmpt ad¬
vantage of market conditions favorable to- the sale of
preferred stock
without the delay
and expense incident to calling
a
special stock^
holders' meeting.
The company is informed that the
subordinated noteholders have
present intention
This
of $1,624,311 income and
refundable
under
"carry
back"
companies," $4,945,135;
premiums receivable—
"insurance companies," $2,204,115; claims
against U. 8. and Canadian
Governments
(taxes,
etc.),' $3,598,933;
closing of the East
d plant, anu the sale
sa
se.
1,841,473
060)—"manufacturing
the
in
otherw
which
>■
to
conversion
to
hand
on
or
1,041,473
credit
(after
losses
trade
Brewnig Co.
authorized
1,841,473
Code.
(alter
after)
then
company, to pay the notes from proceeds
the sale of stock
to'persons other than noteholders.—V.
165, p. 2556.
—V.
Stock—
changed from 250.900 shares
the .stockholders
or
corporation
whereby one-ba.f
exchanged for each
was
.
incorporation,
be
,
to
The
ended
request of the subordinated noteholders
stock, (of the, type authorized) ip,
however
at
Commonwealth
*'
consider and vote
8
ameh^mdnt is adopted, the directors
notes,
immediate needs of
the
1947,
basis
a
>
company
2.25
security values of $322,395),
$39,460,789; accounts and notes receivable (due
prior to Dec. 31, 1948
and in case of instalment
obligations, including instalments due there¬
*
31,
2.00
>
CONSOLIDATED
rities
28,740
■"
.
a
subordinated
on
I.linois
2.00
1,841,473
period
ea.
ASSETS—Cash
agreement
dividends.
March
on
(an
brew.ng industry
the
Net
$147,137
37.295
"■ r;
March
260,000
to
loan
beer.
the
Net
$101,143
49,168
be divided into two alas es,
consisting of, (a) 10 000 shares, of. preferred stock, par $100
each, issu¬
able in series, and, ib)7*250 000 shares of common
stock, par $5 each..
The:pyrpdse of the proposed" amendment is to enable, the company
to have shares 6f preferred stock
authorized so that if, in the, future,
becomes
Ems
conditions
in
the
of
1945
$142,028
.,
Co.—To
aiithorifeed capital stock will
stock,
ale
bank
accept
*, '■
'
■■
Annudl'Report Issued—
The
and
of
Gross
—:V, 167. p., 647.
Columbia
bank
for
business
directors
January—
■
.
the
2.25
period.
in
$30,000
JMaturing
■*
$2.79
stk,,
outstdg.
years
Revenue
substantially increased capacity of the company's
date
ihe
in
Ry.—Earnings—
$229 520
.J-:..'.'.-
$1,042,373
notes.
$2.40
176,379
railway-108 230
Net ;ry,;oper. income,—
53,780"
"•
to
359.793
Net.from
J'-:"
and
the
(3)
$1,212 691
44,221
the
going concern
mortgage
such
184.416
,
,
of
available
of
Columbus & Greenville
Gross
1947,
Dec/31,- 1947, the Erst 8t; Louis plant was carred
alter deducting depreciation
reserve,
and the
$1,000,000
from
1945
74,906
Colorado & Wyoming
.
the
plant
The
first
647..
p.
in
tax
of
t Includes
tAfter deducting
cost
beer
to
19-16
of
the
(2)
Offered—
255.703
income...
oper.
a
marketable stock
1947
not
the sale of beer
as
of
end
$2.15
com.
Scrip,
prior
opinion of the management that said
plant and inventories can be dis¬
posed of without I03S,1 Factors not now known
which may arise in
the future may
change this opinion,
Ry.—Earnings—
1948
of
the
of
and
Southern
January—",
Gross from railway_»_„
1947,
plant,
view
Louis
of
939.
p.
28,
of 1947 in
decreased tales
being
Prescott & Co. and the the First
Cleveland Corp. on
Feb. 24 offered 21,278 shares of common
stock (par $9)
at $13.50 per share.
Proceeds will be used for
working
capital.—V. 167,
in
As of
record
shares
Unsubscribed
Co.—Stock
1944.
Treasury
Brew ng Co.
East St. Louis),
in
in
SEC
six
each
Proceeds
Cleveland
with
stockholders
shave
new
$1 283,750
the terms
close
stock
months
-
The
of
Ems
stock
common
said plant
ized
St.
'
of
the
brewery
Nov.
Louis
of
a
City Title Insurance Co., New York—Files With SEC—
* t
1
^
r
of
On
939.
p.
$770,266
U.
surplus, is
of
a
-
distribution
year-end of $1 per share,- were made
a
cents
value common
par
1,143,468
$2,143,143
$33,011 dn
1945
SUnder
with
share
share
declared
holders
to
30
amount,
1947.—V.
also
common
and
in*
1953..
operating
% The
1,131,468
19.002
the
of
Declares 50-Cent Common Dividend—
share
depreciat'on
1.745
$120,000
of
$3.85
"After
65.000
$3,021,710
10.94
.
deducting non-recurring profit of
$2,455,843, less
capital
gains tax of $613,961, equal to $1,841,882 net profit on
sale of Gleaner
Harvester Corp. stock, added to "reserves for
contingencies."
500,000
65.000
.
$4,359,208
$882,665
1946
600,000
bo.OJO
*
1,312,647
8.31
,
stock
com.
each
shs.
incl.
600,000
12j,43U
Serially 1949 to
the
1948,
1.
1946,
in
834,150
——-
5.40
on
share,
per
on
'
at
i
"After)
750,000
460.000
8.83
earned
share
period ——
divs.
during
No.
1.000,000
surpms
Total
each
Cash
.100,000
surplus
tEarned
th:s
redempt!0'.i
debentures, due 1953.
%
22,141
_
share)-
per
Paid-in
After
5
22,334
payable to others
Capital stk. (par value
of
granted
64.946
lolt833
paid
i
(unsec.)
,
1943, of
102>/2
46.666
253,366
11.77
$46.52
incl. Scrip,
at end of
outstand.
58 223
393,532
-
stk.
com.
7.69
$20.12
pfd.
on
per
4.67
$19.44
on
7—
stock
require,
inc.
5.09
$31.98
—;
share
per
stock—times
/.
500
JNwies payabiO to banks
Debentures—
April
on
due
,i.
-
deposits
Notes
secur¬
service
past
3,700
13,951
other
bentures
ior
reserve
&
wages
Container
companies),
marketable
9,254
11,569
other
Collaterally secured de¬
loss
and
&
chgs.
earned
preferred
Net
Accrued
due
note,
6,854
18,227
security
disc.
inc.
Div.
taxe3
indebted¬
&
Net
on
income
$59,225,904;
non-current
decline
called
Int.
times
payable
fProv, for Fed/ taxes
and
$8,000,000 2%-2Va'/o
$108,000,000; deferred in¬
debentures,
Net income
Total
government
$3,840,500 i.of
the
5%
company's
Holders
redemption
will
Co.—Calls
have
the
interest.
privilege
there
event
Inc.
1J45
$
83,695,673
chgs,
commis.,
$177,115
$56,9j9
t$4,923
inch
Other assets
(at
other
($50,000,000
1951
1950-1952),
$46,806,000;
premiums,
fixtures
commercial
and
Dec.
interest accrued
nctes,
Service
$3,840,500
no
$62,772
Federal rev, and state
$135,800; minority interest (director./ qualifying shares of
subsidiaries), $58,213; common eto.k qf no par value (issued and
outstanding 3,580,943 shares at the
stated
value
of
$15.50
each),
$55,504,694; earned surplus, $2^,359,684; paid-in surp.us,
$27,128,297;
total, $338,664,728.—V. 167,-p. 43.
the
Gross
LIABILITIES—
1"48, $1,790,474; credit
1,
IV2 %
reserve
$400,000;
The
serv.
nance
series
plies
1948
realiz¬
to
$
manuiac.
—
lacturing
—
share—
per
unused
Raw
employees,
of
llo,182
7
bearer
State
taxes
and
expenses of insurance companies,
$7,888,337;
contingencies (other than reserves of insurance
and
ities,
Federal,
Canada,
in
unearned
$5,285,687;
110
38,0u0
4,500
acquisition)
1946
1,486,742,378 877,064,760
prems.,
reinsur
vO
commissions
Inventories-
which
~
including
customers
$50,000,000;
payable
it
3,552
,—
(cash)
Treasury
after
secur¬
(of
'
acquired—
sales
Discs,
$295,848
2,000
0,
insur.
prior
Net,
1'
■
^rec.
Gross
1,124,131
$96,999
—'5
—:
S.
tax
•
(due subsequent
$3,241,195; investment
wholly-owned non-con¬
furniture
$5L'3,664,723,
payrbic,
non-current
1950,
•
$1,401,558
*
67,696
_>
1-
paid
Cash
receivable
cost,
$1,702,482;
payable,
$6,924,385;
reserves,
notes
r
$67,272
taxes
.
depreciation
Accounts
insurance
products, written
less
or
expenses,
payab'e Jan.
and
dealers'
for
income
ASSETS—
$838,302
1947
interest
accrued
purposes
and
income, including
on
turers
'"J?
18,421
taxes—
BALANCE
to First Industrial Corp., a
subsidiary, $2,767,079; other investments (at cost), $4,356,725;
building
of
National
Surety
Corp.,
$500,000;
deferred
dividend
"'V
1
$277,427
13,215
income
on
income
$1.27
banks, $64,559,959; marketable
cost
for
accounts
LIABILITIES—Notes
$315,IE 6,500;* accounts
*<•
$83,784
16,831
(net)
plant——
Claim for refund
advances
nominal
able
985,939
3,580,948
$234,065 in
dates
office
charges
full
taxes
$24,500 because of
now
amounts, $171,120; notes and
solidated
for
Earnings
Cr987
7,161,836
BALANCE
motor vehicles
31,
inc.
proiits
profit
Prov.
$4,547,187
7,161,896
Corp._
the
Dec.
other
Federal
Louis
Dividends
Cr:0,000
ca~e of
instalment ob.igations, including instalments due
thereafter), $546,507,696; miscellaneous accounts receivable,
$1,438,114;
repos esied
$1,069,723
1,865,212
special items—
supplies inventories at
of
St.
taxes
deposited
notes
for
"Special credit
years,
not
hand
on
in
were
$1,915,653
profit before
East
by insurance subsidiaries.
not
at
(Including subsidiaries from
SUMMARY OF CONSOLIDATED OPERATIONS FOR
CALENDAR YEARS
Earned
Net
tlncluding recoveries of reserves
required, and after providing all
contingencies other than losses incurred under
and
losses and
ASSETS—Cash
'
exp3.
operations
State
excess
Write-off
.'
.
1_
$2.03
excess
in
CONSOLIDATED
ities,
Corp..
subsidiary
outstanding
by
$2,057,805
Industrial
share
common
provided
for
3,900,740
Gross
stock
common
provided
reserves
3,478,059
$50,441
gen.
"Representing refundable Federal
on
policies written
for
fProvision
533,102
$7,232,086
reduction
1946
previously
3,796,919
income
common
per
frcm
profit before
Federal
563,015
1,465
from
inoome of First
dividends
5,527,170
operations—
5
Commercial Credit Co.—Annual
Report—
1945
$5,3c2,298
qualifying shares
non-conso.idated
consolidated
Cash
1,399,658
_
from
discounts &
Net
88,698
1,484,440
3,203,850
profit
Provision
9,698,235
99,817
—
indebtedness^!
of
subsidiaries
Dividends received
31
$4,547,783
sub. idiaries
204,216
.
insur¬
indebtedness
Federal
DEC.
1946
$7,442,823
.———!—___
profit
Furch.
4,063,950
14,250,382
expenses
Interest
ENDED
(1041)
Gross
Net
2,o74,595
$32,623,403 $43,293,219
32,o8J,2o2
26,459,717
subsidiaries
Investment
saies
Selling, delivery, adm. &
1943
366,.,18
expenses
of
Grcss
1947
567,537
—
under
YEARS
CHRONICLE
1947
2,13J,608
—
Losses incurred
FOR
sales, less returns and allow.
Cost
$59,54j,245 $36,650,458
securities—
on
securities
oi
Total income
Operating
ACCOUNT
FINANCIAL
an
approx¬
year-end.
and
dividends
realized
INCOME
Gross
subsidiaries
1747
tNet.service, premiums
1,
&
1947
operating
CONSOLIDATED INCOME ACCOUNT FOR THE YEAR
Net
at
COMMERCIAL
annum.
confirmed
$400,000,000
THE
1-
-'
Comp'anvv
application
on
for
Feb. 26; filed w;ith the p. S. Comml^idp.- of Marvland.an
approval to sell $15,000,000 first refunding mortgage
•
THE COMMERCIAL
<1042)
6
bonds.
Lile
York
Insurance
(Boston, Mass.)—Div.
trustees
on
March 2 declared a dividend of 40 cents per
payable March 31 to stockholders of record March 15.
Pa>
40
last year were as follows:
March 28, 36 cents, June 3 ,
Sept. 30, 35 cents; and Dec. 26, 50 cents.—V, 166, p. 2308.
Trust
Consolidated Investment
The
share,
ments
cents',
(& Subs.)-
Baking Co.
Continental
Ended—
Fiscal Years
125,761,312
105,263,282
82,400,675
sold
>
and selling expenses
goods
of
29,691.020
1,360,960
3,477,458
3,007 885
905,961
386,000
»
to
Contribution
it
is
46,065
bonds:
series due 1975
scriss
3'/r
3.75'/<
9,713,306
487,973
10,023
premium
on
4,767,700
200,000
taxes—
for Federal income
Provision
200,000
earned surplus at beginning of year
11,420.849
on
$5.50
Dividends
on
common
pfd. stock
1,394,662
1,075,429
Balance of earned surplus at end
of year.*..
5,869,290
$3.86
$5.68
Earnings per common .share..—
,
CONSOLIDATED BALANCE SHEET
ASSETS—
C-sh
banks and
in
hand
on
notes, tax series
accounts receivable.*..——
"U. S. Treasury
Trade
.Sundry
Loans
receivable
accounts
advances
and
Inventories
Sundry
"Plant
Goodwill
Depreciation,
1
Federal
5,800,000
2,749,000
taxes...
78,174
$5,434,348
$5,229,264
real
Dividend
341,894
570 386
10,408
••
taxes.,...—I'.'
sundry
244,538
',
Salesmen's
20-year 3%
Miscellaneous
293,773
15,612,000
60,669
24,15O,0CO
8,950,758
pfd.
stock,
without
without
value.**
par
value..:.
par
167,
for
reserve
1946.
t.At
5,869,290
value including accrued interest.
tRepresented
jfRepresented by 1,075,429 shares.—V. 166, p. 1887.
March
the
31*
the
2,
the
on
directors
like
declared
stock,
common
A
amount
dividend
a
payable
April
disbursed
was
15
of
10
cents
holders
to
Jan.
on
15,
of
last.
following payments were made;
July 19, an initial Of
15, 10 cents; and Dec. 15, 25 cents.—V. 166, p. 1252.
Oct.
10
hi
I
$3,945,444
i (W. L.)
$2,088,998 .$1,123,788
450,012
per
cents;
.
Stock Offered—Tellier &
—
1,000,000 shares of common
share.- These securities
speculation.-
a
'
:
>
;-'v v
Transfer Co.
Registrar. and
•
Oil
is the
It
first
intention,
Mae
Pcwel
DIRECTORS—Eerkley
•'
generally higher automobile prices and rising ccsts,
Jr., President, on March 2 announced completion of a
Crosley,
to
convertible
Crosley
lower
station
than
The
effective today,
$869,
the
of
model
This follows the
$929,
other station
any
$949
from
at
wagon
to
which
wagon
recent
price
►
Brockman.
reduction
The
to
however, that
'
offered.
reduction in Crosley prices, which began in November,
makes the new panel delivery truck available at $899. the
quarter-ton
oick-up truck with added features at the old price of $839
and the
new
sports utility model at $799.
Mr. Crosley said:
"The lower prices have, been made possible by
increased production, revamping of
body dies, better tooling and other
improvements, including entirely new painting equipment."-—V.
167,
It
with Earl.Ingram, have agreed
necessary-organizational, and other,
that
intended
is
one
drilling
Fifty
National
Dareo
Corp.—Annual Report—
-
•
Calendar Years—
Income
before int.
Net
charges and
Federal f
r \os
'
income
12,750
155 % l
.....
*„_:
issue, $20,000;
Sales for the year 1947 amounted to $2,425,408, an increase of
18'9
e Preceding Fear. The increase in quantity of units sold
W3S % ,®yer
7,3
.*
■h'
1 •'
/f
.1
»
,,
>"
'•
v
>
Arias
Powder
changed
Co,
during the
inventories
equipment
a'ri
(at
$207,997;
notes
lower of cost
of
Darco
Corp.
remained
un¬
'
or
liability
for
Treasury
(less
Duluth Missabo & Iron Range
'
'
January—
Net
fioni
Net
ry.
Net
of
notes, $225,000.;
$-10,046) "$182 lis'
market)., $228,800; property,
amortization
plant'and
of
(non-current),
$100,000:
stock,
no
payable
$68,184;
par
and
taxes
income,
liabilities,
$239 948'
debt, due Atlas Powder to
for insurance, $7,250; $8 cumulative
(outstanding, 18,635 shs.), $652 225(outstanding. 12,907.35 shs.), $1- earned
value
from
Net
ry.
stock, no par value
surplus (since March 31, 1935), $741,535;
NOTE—Dividends are In
arrears
total. $1,961,218.
at Dec.
31.
1947,
on
preferred
share.—V. 167, p. 249.
.
'
•
subscribed
for
250,152
not underwritten.
shares.
The
was
1Q47
*21,192
;
-
-
1945
24,641
•
>
$221,000
$253,300
v
75.188
15.216
167, p. 643..
.
1946
1947
$297,200
74.357
income
have declared
a
stockholders
to
25
52.062
2,560
M
..
Fund—-20-Cent Distribution
dividend of 20" cents per share, pay¬
of record March 15, 1948.
Payments-
June 25 and Sept. 25.
cents.—V. 167, p. 250.
20.
1,182.415
*386,002
486,733
income*—
'
,
-
%
cents
'
' *156,543
567,926
187, p. 648.
'•
income
'::L ■! y'rZy^ "'."f".
.
\
'
kwh..
p.
-..'
income
from Utility
operations.
...
—
_r.
corporate income..
from
—...
152,454
,.>206,704
..3.
—
per
sh. of cap. stk.
r—V. 167, p. 940.
,Lr.l—;
6,997,430 shs.)
(on
.
,
.
*. ,•
■'
-Tiiri
-;.
CALENDAR
1947
and
Administrative
general
5,470,832
.
.
.
4,427,933
;
Income
from
.
$11,129,408 $10,654,541
8,204,328 .- 7,633,5 j'O
-
-
income
$2,925,080
.
$1.59
,/
r
$3,020,981
$1.52-
-
'
operations
'331,168
Net
288,868
168,417
from
on
$415,085
_—-*—
Total income
Taxes based
129,334"
$460,602
19,128
$431,503
s
income..—*——
—1."
-
16,421
income-...—3.:——
jncome'-...—1
I
1,975,418
expenses*
$479,730
—^..*2—-—
*
YEARS
1946- !
$2,579,666;
1,700.861
$2,890,032
Sales
Cost of goods sold—....—
Selling expenses
—.1._1
Deductions
*—
-
$16,600,300 $15,082,478
....h—...—--
dividends-*..^..^...-—
'
increase of 12,295,000
of last year.-*-V. 167,
62,919 009 kwh.. an
corresponding week
.!
•'
"
,
...
tio
the
•.
.
-of this
—Annual Report—
Other
"
amounted
24.2over
941.
•
$16,393!596 $14,930,024
...
income
.
income—
26, the System input of subsidiaries
4,704,000
taxes......—3,997,000
income—...,———
or
Light Corp.—Weekly Input—r
week ended Fob.
corpora ton
• >-
,•" S1194U
; .1947, :7"
utility opbrations_^_._llJ$T08,280,071 $91,963,461
; '37,889.475 ; 72,329,437
from
Electric Power &
For the
•
(& Subs.)—Earnings—
.
payments were
each; and Dec. 24,
following
$5,543,084
S5.618.774
1,135.782>.< 529.456
a dividend of 10 cents per share, pay-"
stOekhoiders of record March lo. During T947, the^
made:-March 25,' June 25 and Sept. 25,; 10
a year-end of 25 cents.—V. 167, p.' 250.
have declared
trusiess
March 25 to
able
Stock Fund—10-Cent Distribution—
Howard
Eaton &
5 Q4S
1Q4fi
$6,345,669
1,060.372
warnings
Net inc.
- i;
$372,500
97.784
1947 were as fellows: March 25. :
each;, and Dec. 24, a year-end of 40
cents
Western RR.—Earnings-
*
1948
railway.^-. ' $6,939,578
railway
Balance
offering
1948
railway
oper.
March
The
Lackawanna &
%
Cash
;-f,'
during
309,597
Deductions
Net
"905,538
- -
--f
$138,158
*993.774
*1,043,961,
.
648.
railway
"
'
ing of 170,000 shares of common stock ($7 par) at $24
share.
At the close of the offer Feb. 25 stockholders
ry.
Net
Dayton Power & Light Co.—Stock Oversubscribed—
The stockholders have oversubscribed by 47% the offer¬
p.
Wjinnipcg: & l*acifi<? Ry-—Earning&—
"Deficit.—V.
1945
■
422,649
Balance,
per
from
Net
V
TJtility
Gross
had
•,1946
,-
375,733
349,218
income.
648.
12 Months Ended Ja n, 21—
Other
167,
.
'
C 46.282
Detroit Edison Co.
.
*1.029,293
from
Net
$3,c22."073
■"Deficit.—V.
stock
?1,214,096
income-.l
oper.
The -trustees
766.816
oper.
Federal
*841.448
Duluth
•„
$3,647,801
from
Net
Gross
$133,718 ;
Eaten & Howard Balanced
<
829.989
Delaware
$152 076'due Atlas
reserve
common
to the extent of $196 per
accrued
on
S 163.455
"941,609
January—
Gross
$1,199,-
funded
$158,526
"Deficit.—V.
5"-;7
$4,218,740
167, p.
"Gross
■
1948
,
railway*...
balance Tor working
769,566
oper,
ry.
1947
,
'
;
-
election.—V. 162, p. 1279,
Ry.—Earnings—
1947 Y'.1946
; 1945
railway...*".. 7 *1.104,794
from
Gross
as
$4,505,314
"
savings
reserve
manner
railway*.
January—
S.
Federal
(current),
1948
■v'
f :■*
a favorable judical decision will be
rendered and.
stockholders will be given Van opportunity to elect
When tils meeting is called, this committee intends to
that
rig,
railway..—
from
from
—V.
goodwill, $422,706; deferred charges, $12,899; total,,
Co.
preferred
stock
p.
JanuaryGross
Net
(after reserves for depreciation and
010
Powder
increase
an
167,
ciflikrv■
a
present a slate of well-qUahfied directors for
able
•
SHEET, DEC'. 31, 1947
U.
receivable
LIABILITIES—Accounts
estimated
1
$383,708,
in*the following
Delaware & Hudson RR. Corp.—Earnings—
of
•BALANCE
ASSETS—Cash,
and
x
was
1947, representing 91.97, of the outstanding
the outstanding common stock.
The remainder
and common stock is held by 161 stockholders.
the preferred
accounts
of
-
year
preferred and 79.97,
of
holdings
■
1947,'
spent
drilling rig, $140,000;
846.
,'7 *
purchase of
capital, $45,000.—V.
$157,993
t
Net working capital at Dec* 31,
during the year of $38,087.
be
ha>been in a position for more than the
common
board.
new
a
received, and if less than the full -amount is received, will be expended
in
the
order listed:
Organizational expenses and expenses of ,the
126,000
$203,348
.. •,
wiil
proceeds
The
equipment.
$296,743
9,750
taxes
income
'
1946
$368,038
Indebtedness......,..1.
Interest on
Federal
'
1947
and
believed
the
of
cost
'
the company ;
vested
is
is
that
equipped, will be purchased
from National Supply Co.
approximately $140,000.
This rig is capable of drilling to
ft
depth tat 7,500 feet.
Additional rigs will bp; purchased when, as
and if the business of the corporation is such as to require additional
a
'
of the company theactually in arrears as to
is not
in the common stockholders. •
,
•
.1
Legal proceedings have been instituted, after the refusal of the
management- to recogn zs the lights- of lite common stockholders, ;to
requ re the present management to call a meeting of
the common
stockholders^-for the puipose of electing a new board ordlrectors, a
incurred, which sums will not be returned to
addition, agreed, as a group, to assume charge
PURPOSE—It
-
payments;
that
-<-2)
completely
at
,
stockholders*
requisite time to pay the accumulated arrears on the old 7V preferredstock a nd, therefore* ,:i . -'f.- t
' (3i
that
under the company's charter; provisions the sole voting
treasurer,
them. They
have, in
of the cor-7
poration's affairs.
In consideration of the foregoing, they are to
receive
1,000,000 shares of the authorized
capitalization for inyest-7
ment and not for distribution as follows:
Berkley C. Deardorf, 300,000
shares; William A. Button, 345,000 shares; Harriette R. Brooks,"15,000
shares; William G. Post, 15,COO shares; Edward, N. Brockman, 15,000
shares; Earl Ingram, 310,000 shares,
V,-\ V >;.>■
"i:--i* vr'v.'7*'5'r
general
■
the comin'ttCe in brief are;
that contrary to the publ shed statements
power
capital
corporation the
the
t'o
.;
of this com-:
.
.
together
directors,
and
officers
advance
expenses
"
,
the common
to
part:
dividend
>
'
.«
-
convertible prior preferred stock
5 </c
consists of 3,000,900Vshares,
of common stock (par 10c), of which 1,000;000 shares are issued .and
outstanding to those persons who'may be considered promoters, v \
$899, and introduction of the
is scaled at from $700 to $900
now
N.
Edward
Fost.;
Brooks
'
letter
committee's
in
<11
*
(President),' -William A. Dut'on
(Secretary^Treasurer), William
Deardorf
R.
CAPITALIZATION—Authorized
reduction program resulting from substantially increased produc¬
its plants in Cincinnati, Ohio, and
Marion, Indiana. .
The factory list price of the Crosley sedan has been reduced from
at
$888
Harriette
G.
of
price
tion
C.
(Vice-President),
face
.
The contents of
•
Crosley Motors, Inc.—Reduces Prices—
t
new
Counsel.
as
said
call, on the taorporatioh's equip¬
4
Y
eons'sls
committee
The
7:/;"/■'7.
others.
shall have
Corp.
Co.-—Common Stockholders';
.
'
is
ment.
In
'r
organized
have
Y.)
N,
the' purpose of
prices.
convertible
corporation
contracting ftr
Deardorf
always
net
alphabetical
alphabetical
a
common stockholders' committee which is
board of directors. of John E. Sloane (member of the execu¬
tive comm.ttee of National Committee on Housing, Inc. and a trustee,
of Thomas Alva Edison Foundation,
Inc.) as Chairman; and Paul J.:
Herold (investmentc—formerly with Albert Frank Guenther Law, Inc. 1, ?
Stanley R. Grant (representing Carl M. Loeb, Rhtatades & Co., mem*;
bers of the New York Stock Exchange) -and Robert E.
Richsen, Jr. <
(Transocean
Airlines); .with Harry . A. Frcthingham
(42 Broadway,v
New York, N. Y.)
as, Secretary, and Huribart, Jones, Hail & Bichford
(53 State St., Boston, Mass.), Milton, McNulty & Augelli (1 Exchange
Place, Jersey City,
N/J.r and Hurlbutt (50 Broadway, New York,
"
'
,
agent,
the
general
it it
substantial amount of common stock
a
seeking to elect a
anticipating that Deardorf Oh Corp. has
sufficient drilling to keep its rig -and perhaps additional rigs-busy
for the next several years, it intends, in the evenL Deardorf -G.il Corp.v
does not have an adequate amount of wcrk for its equipment,
to do
1947'
reasoni
l
' ' r" "
'
.
,
:
Shoe
Douglas
holders of
The
etc. see V. 167,. p. 152.
proposed acquisition,
history,
as
prevailing
While
mechanical
Committee Formed—
the drilling of oil wells as a contractor-for ethers.
The
company was formed by B.
C. Deardorf as an independent company
and will drill for Deardorf Oil Corp. on a cash contract basis, charg¬
bv
'
,
possible.:,* :
as
$3,8?7,406-
$5,013,04?
of $273,139'in 1948 and $222;906 in
•
'
"i
-1i
$1,573,800
7 450,012'
engaging in
record
In
position
822,201.
*
M
HISTORY—Corporation was formed in Delaware for
depreciation of $25,550,179 in 1947 and $25,337,534
ing
On
n*
offered
are
-
to arranga companies in exact
However, they are always at near
possible
order.
(par 10c) at 30 cents per
stock
Cribben & Sexton Co.—To Pay 10-Cent Dividend—
March
for depreciation
'
'
$4,119,442
Co., New York, is offering
1,000.000
face
253,575 shares,
share
m
I.
$58,633,340 $56,728,059
"After
in
-mm
940.
p.
Transfer,
Total
»*
576,649
V
Deardorf Drilling Corp.
67,709
24,150,000
1,000,000
reserves
cumul.
<5Common stock,
Earned surplus
.
_V—_L_
—
""After: reserve
.
$2,396,001
■
$2,539,008
_—
divids.
pfd.
X"ta(*R
—V.
deposits..,.—..—324,002
sinking fund debs, due 1965
15,263,000
■
-
;
-73,227
692,937;
450,000;
1,838,444
876,572
450,000
.f 2,901,335 "
Total
K
:
Tne
5,654,130'!
guaranty
■■
$4,484,429
$1 per share)*._*
(par value of
surplus
1947.—V/167, p. 545.
pany
after
Net
348,666
348,666
preferred stock
on
Earned
62,023
*
taxes_..j*.*l:.;.'.V,-, 87,148
income
Common stock
$557,998
' 162,777'-
,
/- *. 89,637
expenses.*.*.-**:*.* :
wages
Oenera', - excise and- /Withholding
j,' J.X-14,432 v31,257
614,421
payable on common stock—268,857
Fed. income and excess profits takes..
4,397,003
Accrued
Acci«;d
$4,395,456
450,012
$4,696,091
dividends
Preferred
324,990
' "
payable
Dividend
i$5.50
and
estate
interest
Customers'
*;
$557,553
51,699
payable—trade..!
credit balances
and other
Accounts
1944
833,808 >1,045,421 %
738,257
1945)
in
income
Net
'
plan
taxes, and pension
Accrued
_**.-**
83,837,406 :,1
$5,013,942
7,..;;'./
NOTE-—For
398
•****>
payroll deductions for savings bond
purchases,
withholding and
social security
■Accrued
>*2_ *4., _i*
—
.
(Incl. spec.
deducts.
charge
$2,546,492
$2,947,697
...
income
Gross
Inc.
payable
,
less amortization,..*
and other items....
LIABILITIES—
$5,228,866* $4,469,997* $2,364,744
$5,356,174
revenue:
income (net)
Other
'■.
LIABILITIES—
eqyip(ment-.i:_5—._™i..l '
1,992,000 7 2.855,000
,
.Account*
Total
1,897,890- *'1,759,714 " "1.685,660<
1.265,000 f 1.253,000
2,676,000
profits tax
cxc.
Net pper.
Employees'
■
1947
"
$492,648
341,149 416,976
1,497,531 :
1,356,214: >; 981;238 *
122,628
47,998
61,975
59,865
1£48
$870,019
111,365
710,297
1,781,443
reserve) 'I***..
patterns,
•
$0.67;
JANUARY 31
SHEET,
on,
taxes, insurance
Patents—nominal value
853,710
$58,633,340 $56,728,059
Total'
<
(less
totals and
Federal
'
.1 1945
:
1946 '
2,027,625
^General taxes
Federal income
10,374,351
135,746
_—__—.*_w;—~vl: 5,600,000
....
:
Maintenance
20,546
27,570,532
■
equipment—.—
and
plant and
"Property!
D.es,
1935.
$29,736,427 $29,302,779 $22,961,334 $21,619,982
10,780,732
10,121,222
12,422,986
16,014,079
;
1,088,175
•95.4,764
1,164,054
1.613,813
'
1,805.716'- ;'' 2,385,532'
1,912,983'
1,975,736
revenues
Operation
212,039
59,246
1,221,956
32.008,321
stocks, etc., at cost—
-..J.
charges
and
Gross
1,623.196
V
26,126
108,990
_■
at
mortgages,
.Deferred
■
225,000
$G.43
$0.80
'
banks
in
Inventories
limitation as
provisions
YEARS
FOR CALENDAR
EARNINGS
OF
1947
2,005,000
1,932,054
V 456,311
•
*_
employees.,
to
SUMMARY
;
^
'
Vy.ooosnS.
1,700.000 shs.
requirements and other -factors.
financial
its
earnings,
pany's
$8,132,939
450 000
s
450 000
—
hand...,
U.
S:
Treasury notes,.
—..J......,,—
ArCout.is and notes receivable (less reservel__
POLICY—Since the sale of the company's common stock-
Dec. 28, '46
$7,128,316
.-**y,>'
$152,310
Columbia
f
V
Dec. 27, '47
V
...
75,000 shs,
94,682
$218,912
share
BALANCE
Cash
.
Gas & Electric. Corp. in June, 1946, ';thc company has
regular quarterly dividends at the rate of 45c per share for
each
quarter commencing with Sept.X 1946.' The;.regu.iar .quarterly
dividend payment dates are March 1, June
1," Sept.* 1. and, Dec. 1.
However, the practice of paying quarterly dividends' and the amount
of all future dividends will
necessarily be dependent /upon the com-;
1,613,143
8,950,758
mortgage
first
DIVIDEND
by
1,334,663
stock
the
shares -outstand.ng
u
ASSETS
amount, taut Subject to the restrictive
of the company dated as of Oct. 1,
aggregate principal
-
paid
8,877,096
cumuL
dividend
Dividends
Com mo
114,873
160,544
134,171
$361,544
.V-
profit
Prepaid
1,366,890
5,869.290 i
.
Net
$513,627;!
221,591
tax
income
for Federal
2,780
$361,865
203,177
.
gen.
F rov.
$359,085
.,3,820
and
sell.hg, advertis.. scrv.
752,690 '
$509,807
$786,312 ::
7
$1,111,775
4,651
/
_***l*^>i_2*_*—*.
Total" income
,
1946
1947
$2,006,241
$781,661
_______ri
income
Miscellaneous
Adm n.;
233,001
2,244.014 p T) ,496,434
——
Earnings per common
2.000,000 shs.
„—
profit
■
'423,997
195,447
1943
$3,025,675
,
sold.!;,:..-—'
products
Cross
;
$908,132
$939,759
397,973
Corp.-^Quarterly Report—
■
:
1945
1946 ;
.-
*
...
* —*.—*—
of
Cost
■
100,000 shs.
.100,000 shs,
issued in one or more series without
be
may
par)
to
7,510.206
5,551,559
income .___*i_—
Net
Balance of
"Bonds
($7
of
of goodwill
amortization
Annual
stock
Common
VV-
Net sales
300.000 shs,
scries B. cumulative
14,610
3,485.000
of 3 <» deb. issuance expense
redemption of 3% debentures....
'319,748
8,000,000
j
j
series A, cumulative
3.75tr
12,980,494
466,724
Int°and amortiz"
($28,850,000
)
1978-.-—
(par S100)
due
stock,
p.
DIvco
Outstanding
Authorized
income...
648.
oper.
167.
Three Months Ended Jan, 31—
.
mortgage
Preferred
ry.
FINANCING
PRESENT
TO
'*■"
First
12,934.429
626,416
—
——-——
.
EFFECT
GIVING
CAPITALIZATION
23*$
9.086,890
Other income
Net
.—V.
1947
$1,276,023
643,653
342,257
railway,.-.,-
from
reven
ot
759,388
499,000
administrative expenses..**.—.-'
•.
the pension fund..—.
and
Gencral
—*■—*--—
expenses
Net
1948
'
'
,
railway,.$1,309,466
582,283
from
Gross
by the company's tons'ruction pr<v*v.,m
the proposed acquisition from- United
puolkr aumy companies will be provided,
expected, from the sale of additional securities or from loans. ; ;7;
1,302,738
Depreciation-
yJanuary—-
170,000
the
of
RR.—Earnings—
Detroit Toledo & Ironton
-
-i
further funds required
1948 and fulids rcr
Any
during
24,970.199
advertising
Advertising
sale
Public Utilities Ccrp.
other than
Cott of delivery
stock were
to
provide funds to finance a portion
150,284 571
sales
Net
Cost
right
rata
shares of common stock, is
of the .construction costs or the
company.
Company estimates that during 1943, its construction costs,
will be approximately $15,342,000-.
Additional .funds to finance part
of such cost of the construction program up to Dec. 31,
1943, haVe
been provided by the sale on Jan. 14. 1948
(see V. 167, p, 152);of;
$8,000,000 first mortgage bonds, 3 %
series due 1978.
; >,•,>;•
'46
27, '47 Dec. 28,
Dec.
pro
PURPOSE—The
to
Report-
-Annual
the
(a)
Monday, March 8, 1948
CHRONICLE
subscribe for 170,000 shares of
common
stock at the rate of one
share for each nine shares, of
common
stock held of record at the close of business! on Jan.; 30*
and
(b)
the additional privilege to subscribe for any number
(not
exceeding 170,000) of additional shares of such common stock, subject
to
allotment out of the shares, if any, not taken by subscription.
The subscription offer expired at 3:00 p. m. (EST), Feb. 25,
' . ^
offered
Interest at 3 h , will be Ioi a ^O year term
being made to sell them private to the
Co. at 100.99 ,<—V. 167, p. m.
oroval, the bonds will bear
and that arrangements are
New
*
The holders of the company* s 1,530.000 shares taf common
subject to thei C<ommssion s ap
states that,
application
The
FINANCIAL
&
..
■
-
48,144
38,714
157,146
180,541
$226,216
$260,476
.
Volume 167
Number 4679
THE COMMERCIAL
&
FINANCIAL
CHRONICLE
(1043)
—
—
comparative
Cash^J^Tnrf
2
rr
dec.
sheet,
New
York
other
Slate
a^s 11° value
Fixed
oi
Fatent rights
Deferred charges
(nominal, valuesi
,
217
402,044
2
1947
1945
$1,026,647
$1,191,252
299,510
206,933
270,446
249,025.
137,224
121,348
127,766
116,115
The
1943
or
Income
from
rentals.-^———
1
Total expense
1
Depreciation of fixed
•*.'%
■
■
63748q
.
S1,38KHY
$204,417
$177,944
AccounYpayabLe
57'-
YIY.-Y^YYY^—-.——C__
liabilities
Accrued
cumulative
preferred
stock
,
$194,181
203,415
$50)——
(excl.
114,770
97,446
99,558
4,450
deprec ation)
4,450
si'rnlus
suipius
—
$79,318
32,602
32,057
490,072*
627 ITT
027,131
•
«i 687 . 489
.
—.
'-Represented
.
_Net
$47,260
w
33,799
1.2,743
7,441
_■
£2,366
by.
shares
(no
part
1947
m
CONDENSED BALANCE SHEET OCT. 31, 1947
•
and 87,943
shares
able
Subscriptions to Common Stock-
!
d.rectors
stock
common
of
record
l/12th
of,
which
authorized
$15
at
Feb.
13,
1.43,
the net
proceeds
of
and
subscribe
to
for
warrant
one
the,-issuance
share
per.
each
from
of
securities,
$79,258r fixed
(after
assets
depreciation
the
tor
full,
the
shares
share
the securities
shaies'lno
to
be
to
are
The_ flrai
at,
$15
of
exercising
all
the
»!«•;«
JB
CilgTD J.Oliet
Pacf^ov.
.*
Net
from
railway.-.:
furnish
to
foi
by
'
.
S,
The
S-
framings
1947
I
■
■
,
1945
'
$3,553,932
$3,161,694
$1,846,311
255.093
475,263
30,034.
469,401
•
For
:-,,^?U^ent F'nanCe G°rP" Ch,Cag°' Illi
With SEC—
,
.
;
v;,
.
ReglSt6rS
~
\:\
.
,
S"areS
The
company
ployees
Co.
$100
trucks in
—v.
officers
and
at
Feb-
on
15,OCO' shares
connection
165,
of-
Net
ry;
—V.
649.
p»
Int.
2,405,501
.,631,216
836,033
invest;
■
Operating income
tOperating expenses—..
1,426,625.
$3,033,742
53,286
$4,247,873-
$2,980,456
1,000,671.
Other
$785,766';
opers..
income
17
income
income
Income
Fed.
24,
Dr3,865
Net
income
' ■
'.
rA
C,
a&
71,269
bread
stock
100%
Cr20 344r 1
r
Dec.
on
167,
dividend
526 134
-
payment—amounting
one
This
24.
k
1
f
{'
"
/.:•
v.1
'
Annual
To
526 134
<
.
,
sales
prices
Rpnort
I Including
wholly-owned
hand
on
and
subiidiary
of
id 7947
$103,439,444
increased
1947*
year
charges,
$37,522;
$12,758;
notes
total,
$61.
$303,603;
real
deposits with
special
and
accounts
estate,
V;>c
and
less
receivable
$49,404,373.
1c per loaf- and in
to
to
1,
„
was
income—curent
social
depreciation,
repossession,
$5,397; sundry,
$102,775;
employees,
-
...
^
„
miscellaneous
(estimated),-, $503,493;., accrued
taxes,
.<less
for
reserve
for
...serve
e
•
-
$21,033;, accrued
Federal
Federal
income
,.
increase
an
31%
of
INCOME
n
_
.
modern
a
-
1,
redemption—contra
Total
Y
7
—
oven
Profit
and
Earned
for
has
,,
n
..J
Total
at"
V
.
Electric
-
Common
167,
filed
by The
by
-
Gross
from
ry.
Earnings
r
;
.
110,000
shares
will, be
each
10
price
i
the
held.
The
stock
par)
$3,964,625
.
pay
562,318
167,
,v
Yof"year
$2,740,284
:
9.633!842
7.762.778-
■
:
proposes
p.
104R
v
from
lb*'
$690
1Q-
532
«
76875
I,'III
51,563
din«-i
$oSo'5ot
'38.713
230,6j7
«
o!'in5
n"
21,803
167
650
650.
p.
1ft.R
S\All
mo
"""
1948
1947
1946
1945
$614,403
$523,838
$483,523
$590,995
171,670
132,110
134.779
55,999
railway
>">0,920
57,665
—
P"
255,762
70,195
^
+
r
\
■
*'
r
.
nf
bonds.
tho
TTnitorl
Proceeds
ctotoo
will
be
c«p;n nnn
to
used
on
20-yeai
debt
repay
'•
•
Pinney
&
Co.,
Winslow,
Douglas
&
McEvoy,
and
of
Jenks,
comma*
have
been.
942.
p.
•
»-
The
directors
,)aVable
.
-j
on
Feb.
on
about
or
share
took
28
March
of
a
action
no
the
on-
requirements
resulting
quarter
from
adde(j
during
.
and
program
ceS
5
:
the
larger
was
casix
Frederick
•
Wa
said,
is
ended
year
4'/2%
of
dividend
salfs increases,
capital
the
in
of
cm™
'
quarter
•.
ordinari*y
common
1947.-
Treasurer,
company
sold '25,000 shares
four jnsurance companies in
dividend
value
nar
first
a
working
company's
the
oh
41
continued
Pritchar'd, Vice-President and
He
...
pef shaJe ^d aText^
cents
5
each
made
were
c,
j
Common Dividend Omitted
,Tho decision to take no action on
dictated by - the company's expansion
$100
the
largest
Dec.
31,
in
1947'.
Ths
preferred 'stock ■{!*
par
December.
'
680,744
"
£41 878
'
Greater carh demands on the company's treasury have resulted
from th® current inflationary trend, with accounts receivable rising
115Y
and
inventories 57%
in
1947,
according
(0
Mr.
PritChard.'
Rising costs have also made additional funds necessary for completion
of the company's expansion program, he added.
—
7.505,641
:
;
$12,374,126 $11,727,403
stock"
preferred
The
*680
1 412 817
at
end
of
* V->
941 878
per
share"""" ""
common
g
'
$1.31
BALANCE
'
$2.09
$0.76
'
stock.
amendment.
stock
the
at
shares will
"'
The
to
use
bank
846.
names
rate
of
be sold
to
the
loan
to
proceeds
of
spend
the
stock
of
the
from
new
etc..,,.!.,.,...;,^.
216,360
15,882,202
'
v.
>•-
,,
payable
on
-
share Tor
,
^Treasury stock
.
•,
the
•
on
sale
of
%
420,768
Y
*
by
After
5,682
reserve
in
both
cost).—V.
166, p.
in
years
1947
1682.
of
and
and
$75,000.
in
shares
ry.
depre-
stock
(at
common
stock
--.
-
V
165
r
*
incomfr-.
open
V
167
.
1947
1946
$3,443,000
$2,477,000
353,497
1948
032,120
94.926
4110,303
261,982
*140,184
.
railway—..
railway—
,
,
->
1945
$3,051,0(0
'
092.107
446,601
546
d
'
january
1948
from
from
railway.—.
railway
•
-
-
1947
1945
$12,820,824
2,059,373
1,700,615
2,370,870
3,495,665
163,413
311,040
1,039,234
1,337,350
x,
rkhin
R R
$12,417,385 $14,392,680
ParnintJc
Gulf Mobile & Ohio RK.
" * '
Earn^ngST--
(
,
,,
,
(Including Alton RR.)
.
January_
Gross from railway
Net
from
-Net
ry.
-r-V.
'
1946
$14,706,784
....
-
r-.ilf
Dr880,000
for
of
,
r.
^Represented
share
Great Northern. Ry.—Earnings—
Gross
Y,
common
One
.
:
.
reserve
1946.
of
,
for
$3,887,000
■
from
~Net.ry. oper.'income
9,0-7,500
—y. -107, p. 650.
o™
-
Western-RR.—Earnings—
January—
9,07-,500
tAfter
$16 539.090
25,002
'
..
——7.973,995Y
•
.,
.
Dr880,000
preferred
nreferred 'stock
.
,
Net
(.
.
Pprlamntinn
railiai neaemption—
are
-
Net
—
Partial
Mr.
'
.*
from
235,470
$33,137,295 $33,327,391
shares* of
of
■
Net
485,790
(A
;.
' 'elation of $17,154,060
shares
Grand Tl'Ullk
Gross
2,528,798
,Q1
the
ccn-
construction
share
'
.
2,682,851
value)
Inn
new
1190
^Deficit
———
T'
Rrn«
$3,245,871
...
'
(.
1
$2,875,209
a
235,470
no par
'
a
capital,
convertible into common stock at the option
up t0 and including but not after, the redemption date.
Jan.- 3i,t .-1948,
the conversion ratio was approximately. • 87/100
of
$33,32(.391
—
Reserves^for poaUngencies.——
called
.'
"YTT™
_
stock...
common
$8 pfd. .stk. <issued,90,775 shs, of
public. Offering
by amend-
380,845
1
$33,13 Y95
for
C°mmon stock ($5;par valuei
?^,ine
surP»Vs
may
497,022-
.
Federal/income taxes
Reserves for estimated net cost of past service
'i.annuities -under retirement plan.—_i—
and
At
1,479)196
6,734,191
,
.
....
Dividend
under-
$2,000,000 -and fjnance*
$6,100,000
insurance,. taxes,
The
d
market)*.-'
filed
be
■
or
reached
working
of the holder
LIABILITIES—
Reserve
stockholders
one
will
cost
which
tion agent, 38 So. Dearborn St.; Chicago, 111.
».
1,100 )00
..
1,635,189.
7,879.480
.......
average
.Accounts-payable and accrued expenses.—.—Accrued State and localTaxes, etc.—
*
-
preferred
Common
below
Lot^1"^
"t
-
46
mater'als, supplies and prod-
raw
_Y^ %.■=■.••,-">.
f
'
773,309
"
:
..%
expects
Prepaid
9R
Dec.zv,
215,104
(at, or
^Trademarks, copyrights and goodwill
i
I<275r526"
688,450
cumulative
np„
4 7
larger
at $52.50 per share, plus accrued dividends of
62% cents per share."
Payment will be made at The 'First National Bank of Chicago,
redemn-
—r:--«5,632,477. $7.5^.596
C05t_________.—.—,
J.t/owif
nets
.4-
Dec,zi
.
sales,
a
"
SHEET
97
.
'
-'
of
The* corporation has called for redemption on April 1, next, 3,000
shares of its outstanding $2.50 cumulative convertible preferred stock
$7 762 778
'
YY^ufvYn^OTYVcost'
COMPARATIVE
volume
uoiaoiau oros. inc.
$9 633 842
"""a
^
•
"
Gnlrihlatt
$10 751 504
expanding
in 1947, further necessitates
Pr-itchard stated.—V.* 167, p. 252.
744
"'■■
year,
-
company's
high
$9,385,400
'680,744
Mortgages
,
$3,001,459
•
'
Y
off, temporary
The. company
year.—V.
—.
$4,497,395
■
.
Goebel Brewing Co.
$1,879,759
——
_
"
-Accounts..receivable
1945
7
terms of the securities
.
.
$3,499,284
.
railway
"Jailwav
Craigmyle,
2,352^000
-'>
Inyentories of
.
to
registration statement, with, the 3EC
par)
common
by
common
The preferred
corporation
to
f$100
supplied
4
'struction.
used
€erp%—Registers With SEC—
and underwriting
ment.
this
($7.50
new
$339,536
Kirkland & Co, have announced that the 327,234 shares
stock ($1 pari, which they offered to the public Feb. 25,
sold and that the books have been closed. See also V. 167,
$4,231,759
-
1,126,621
;
'
The company on March 2 filed a
writers
.
history, having increased 47%
2,315i00O
Industries',,.dLand, buildings,.-, machinery and equipment.17,278,022
$2,750 202'
1,010.361
:
>
covering'-40,000 >shises
purchase
be
Cole
i1946
$3,105,022
.
...
.
Florida Power
$276,545
•
^ Regular dSribSon
$6,279,625
—
:;£a
r.
1947
1.
649.
*>.
r
will
subsidiary,
Ry.^—Earnings—
railway—/'$3,050,901"
railway—r/ 855.285
income.*.. „'
467,234
-
2,676,064
—
■
-
$4,458,284
«■'
-■
-'"'"Y-Y
oper.
—v/167,. p.
1
a
%
from
Net
Net
>
and
,
,>>/&.:■*,,1948
'J
2,676,064
•
105,024
per. balance- sheet"
<"•
$49,-
-
amendment,/ Proceeds
Y-Y
vFlorida East Coast
January—
223,005
""—
Gia«t Portland-. Cement Co.—Stock Oversubscribed—
^
_.
company
■/
>
$7,173,450
'and for improvements.
s>«,i2o,bjo
-••
dividends'
,
45.
p.
$6,170,348
223,005
"
Assnranrp
w
beginning
on
Earned surplus
'- ,•
.
Inc.—v.
57,864
$562,541
r
per
_
44->->a
,
-
Products Go., Newark, N. J.—Regis.
;
P-
mortgage
m
.
$0,230.26>
'
Y
.
made
Cr776
ASSU1 ance bOCiety Of the United States $650,000
re-
««,« oBr-
'
*
%_
dividends"
Cash
ters With ,^-tbL -J•>:
With, QFU
'■ **"*•
'
•
t; The company, on March 2 filed a, registration statement with the SEC
covering. 150,000 shares , ($1 par;). common stock. .The names of aho
%rcpay .Joans
Crll6,608
4,892
—~~T~
(A. II.) Geulillg Co., Philadelphia
Private Financing
—The company has sold privately to the
Equitable Life
taxes.
...
.
been
now
income
"taxesj'718-000
income
Y
year...
surplus
'
$2,824,972), $10,397,548; re^
$45,769;. preference stock
($50* par value)-,
fprc
be
Crll6,603
Cr9,717
__A
$499,550
—__
:
-
will
3 568.290
,
r:!['oper- i?aomc—~
*
also
was
,«{«
10,133
_
vprovis'mrfo? Federal
f'YYYY -Y
of
,
underwriters
3,597,890
■.
...
$1,466,219;
Y'
(ha
$9,655,855 $10,683,0ii>
200.050
Cr8,399
—,
from raWway
.
ACCOUNT
nn
■-
on debentures,, etc., $59,374;
accrued
$48,000;. 15-year 31/2.% < subordinated sinkiing
1962, $4,000,000; investmanf certaiicates issued,
contingencies,
-YFederal
$853,772
'
fWv
»
,
the latter part of the
made-
•,
.
Miscellaneous mcome
taxes
surplus/-$2,632,9250'earned--surplus, $2,054,359;;.. total,
404,373.—V. 166, p.. 2209.
; •'. • V"
->
r
'
:
'
ftfWT772-"'«q
324,000
January—
Gross
.,
-
'<•.-/
common
stock.
($1. par value J
(issued and : outstanding—
495,899% shares at $E83}% stated value—$909(143 33; 557,069% shares
at $1 stated value-r-$557,069.62% total
...shares—1,052,969 %),
paid-in
Mor-
^
.$4,356,750;
■
4,427,993
443
7;
/.■
Georgia Southern & Florida
Ry.—Earnings—
Weeks Ended—Dec. 27.
- Dec.,24. 46 pec^.9, 45
Gross sales> less returns & allow—$103,439,444 $78,989,493 $73,338,498
Cost of goods so.d__————__—„ 69,909,618 50 287.066 47,790,226;
Delivery, sell,; ady.,'.A admm. exps. 29,081,67o. 22,4b7,J4i 21,422,437
accrued interest
accruals,
due Sept.
2,026,060
4,120,0".i>
$8°
,
" 745""
from
,
'
J
.
,
.withheld, $5,200;
-fund* notes
1,837,500
(4,796,568
-J
,
year
security
1948-12 Mos.—194.7
205,500
inlmr*"
Okla.
COMPARATIVE
Y
„,
income—prior year, $3-79,053; miscellaneous accounts payable, $341,367;
thrift accounts, $728,378; accrued Federal and State taxes
State
1947
$342,5t'-5
$4,800,932 $58,888,733 $53,270,833
2,531,999
33,193,390
26,844,510
475,000
5,694,700
5,169,253
on
«Deficit*.—V. 167,
of plant and property during
compared with $1,664,560 in
due to replacements of machinery
.made to the piano, at Richmond,
were
,
:
employee
'on
1948
$371,151
(3,710,720
'
.
Deficit
#
on
reserve for contingenc.es provided in prior years for unusual
charges,_ such as deferred maintenance and replacements, possible ad-
payable, $22,000,000; dividends payable
(paid
$364,904;a accounts, payable, Federal and St^te taxes oa.-l
1948),
i.i
Jarma.i
734,662
$2,483,431.
plant at Enid,
our
•
for
reserves
from
premium
■
.
r0m
replacements
amounted
LIABILITIES —Notes
Jan.
paid
Georffe L
of taxes and other extraordinary items,
designated and included in the reserve for Federal
corporations!
authorities,
Mr.
Jan. 1 to Feb. 21
.
$44,100
Tanuarv__
u
in
state
st
production
last year,
1947
~$805
,
Gross
Ureorge E, lvior
represented
in the Washington. D. C„ plant and
installed; in
bank, $5,722,851; instalment notes
and contracts receivables'
(net), $32,3.9,039; notes receivable (investment certificatesi
(less reserve for liquidation—contra of
$2,824,972),,:
.$10,397',54); furniture and fixtures (depreciated value), $442,820; defurred
.
,
.
part.
m
justment
ASSETS—Cash
the
plant
new
ixeorgia KK.—Earnings—
assets at the close of 1947. including cash of $5,632,477i
to $15,147,140;; Current liabilities totaled $6,214,296, leaving
working.-capital of $8,932,850.
stalled
L
...
CONSOLIDATED BALANCE SHEET, DEC. 31,. 1947
>•
of
1
per
to $1.50
with $1.48
compared
Feb. 11 said
on
1E40.- The principal increases
fliid^utoiDobiics.
Ail add ton
'
-
,
a,
cot-
to
150,000
„™
on
$1.12»/a
546.
p.
Rakimr
> .'■-■'■Improvements Jto
'$657,590
-'
.■
j;
^
'
7 """""
^'Interest, fee3, discounts; premiums, etc.
tlncluding provisions for*
bad
debts, depreciation of furniture and fixtures, "amortization of
leasehold improvements, officers' and service bonus."
"
.
share
per
of
issued
stock
.
dividend
Current
net
;
the
'
of the
721,066
lonffTerm
on
—v^ie?6
.,varaounted
388.362
$822(853
V;
i.
-a..,
quarterly
cents
10
-
Common-stock';
Com
•
-
usual
of
at,d;tlonal >»«""• " lc pec M
131,271
v
503,493■>
:
.
the
dividend
a
ouer
1946, and the number of loaves sold increased 22%
over
the
previous year.
Dollar sales volume and loaves sold were the- highest*
the history of the company.
During the first quarter of the year,
,
8i 17-7 222
$1,177,222
-58,680
$326,710.
'r
%
on
increase
J
_.
Net income
stork"
<"49 013
«o'k24
99 637
'75 937
Va;, to take care of increased demand for cake, sweet goods and
•
-T':3i5 891
"' 524261
^
;rv'doughruitSv'-hA' small parcel of land was purchased adjoining our plant
~oq• '
at. Wheeling,. W. Vx, for needed expansion.
A modern,oven was in-
On -n'rcfe'rence
"
r
Tr-'
stock^
B
w
/ in
•-•*'
1
series:
to
made
were
—Cr9,717
,
—a-.
759
200,241. >.*
$389,479
Cash-1'
preferred,'
On
made
President,
Total
$1,105,953
m 585 026
$1,585,026.
65,513
.
256,515
•
21V'
215-^,
o
p.
addition
an
month
continuing
469,700
Other deductions
New
$1 par value.—V., 167, p; 46.
general Kaiung CO. .Annual Keport
^
,139,789.
...!
taxes_-^
inc.
declared
and
1946.—v.
flenpral
.
1,874,503
^
$1,584,267
$592,465
charges.
& State
Dividends
-
-
interest
Amort.5
appointed
next
$5,485,767
3,339,559
expenses
Registrar—
been
16J
163,
operations
made
-IMS—Month—1947
revenue
„
have
stock
common
rison,
-
2,663,606
$596,330
S785 7«i
—$78o,783
directors
■
Gross
Gioss
1,.t
of
941.
p.
Gross' income
10,000;
(
York
has
expanded
business
$51,800
,—
debt
Y.,
of
Week End. Feb. 21
profits taxes
of
Company
and
'
76,712
;,
k ■—^r
from
inc.
all
.
Dec.
$4,324,585
v
31,062
■■
,7,
Net
-
N
stock,'
comraon
next,
,
$2;212,331.: $1,597,001
...
York
New
1945.
1947-—6 Mos.—1946
y.
„
Co
in
outstanding
1
share-was
•
;
$1,628,063
46,596
,
Trust
income
net
a
$25,197
preferred
galns for the -year. r;in '1947, only
ouos.)
;
inc.Ti,\ $2;258,987
-
(
Subs)—
•
-wnany-vwnea.
•
1947—3 Mos.—1946
certifs..
and
1946
is
for depreciation.
Amort, of plant acquis.
adjustments
General taxes
:_1
Fed- income and excess}-
The
share • on the preferred stock, both payable April 1 to holders of
record March .18.
It is announced that it is the company's intention
to pay dividends on the common stock quarterly and to pay m
December, as a final dividend any net Income from interest and
dividends for the year not previously distributed and also any capital
804,644
V-;-.:--
(
C5dri>"- (&- WhoHv-Owned
;
„
u
807.121-;.
V
r-.:
-
•
in
and;
Ptov.
preferred,
capital.
said
operation
General American Investors Co., Inc.—Common e,Dlvs- on preferred stock
Stock
the
1945
1946
;
Opsrating
on
;
1947
2,197,797
Finance
working
reported
company
$40,800
registrar for the
The
2,381.617
i
,
cumulative
increase
.
v
2,108,702
-
1947
year
with
df 810,000-shares 6-%
;
$11,861,218
.
calendar
Bankers
of
distribution.
$10,242,641
Period End. Dec. 31—
T'Grcss
purchase
of
$11,850 142
Quarterly Earnings—•
..
the
method
$12,933,753
incomes.
opcr.
7
for
used
to
Tenn.,.
revenues
Operating
Greenville,
to Receive Dividends Quarterly—
1948
Family
-n
be
York
"
.
■
its
The
v-.-Earnings—
railway-.—_
167,
-
to
^
frcm. railway.—._
from
will
be sold to emparent, Curtiss Candy
the Curtiss' franchise
January—
Net
and
company
stock,
2134.
p.
k
Erie RR.
Gross
preferred
Proceeds
with
Gar
registration statement with the SEC
a
pari
the
share.
per
filed
26
($100
5tf,
$10i
(par
used
Par' .C<>mm0" St0Ck'
'
:
y
Wood Industries, Inc.—New
j
;
-
.
be
St.,
*
compared
has an.issue
'
covering
the
$50,648
;
^
share
will
Washington
E.
premiums, etc.
167, p. 649.
„
20,000
Proceeds
108
incorporated in South Carolina, May 16, 1932 makes small
personal loans, purchases dealers instalment paper, finances insurance
979,508
353,069
offering
at; par.
at
begin
Period End. Janj 31—
Gross
company,
$3,174,314
1,200.206
Deficit.—'V,
C"
stock
1946
-
offices
1,
Georgia Power Co.-Earnings-
;
.
with
company,
Debentures—
April
1948
Operating
—V, 107,
"
TT^v-wivnrrc
Ky.
.
wju
company
Period—-
^FranklimSavings & Loan Co., Greenville, S. C-—Stock.
Offered—
the
railway-.—1,145,414
from
.
dtoerga,
e purchase
Y
subsoiibed
not
846.
p.
1948
Nefjry. oper. dncome.__
;
16/,
HdStern
«
shaies
7,400
warrants.—V.
January—
Gross
the
of
is
mh:s np>!nl
otLurit;-Buffalo,- N.
share
pei
of
iate
6%
on
Georgia & Florida RR.-Operating Revenues-
LIABILITIES—Accounts payable, $5,588; taxes payable, $53,904; key
deposits,, $374'; accrued insurance, $118; deferred credits to income—
rentals paid in advance
$451; common stock of no par value (1,063
shares issued
and
outstanding*
$22,924;
capital sdrplus, $101,957;
earne(1 surpluSi $158 539.
total
$343 855 _v
165
p
683
purpose'-.foi
used
fp.m.0r!ST'i0p^'i3?. ,"iditU'"a' working cai,ii:"'
.
the
at
The
held-
pai)
stockholders--
27,
of
reserves
\
7,400
warrants
Feb.
.
Maxey
several other plants where additions
said.—V. 167, p. 941.
.
The
\
.
ended
Shoe
Waynesboro,
ASSETS—Cash. $14,162; net receivables (including accrued interest),
$5,881; U. S. Government certificates of indebtedness, $60,005; market-
-
Ltd.—Calls
Jajrman, Chairman
poration and a growing volume
working capital advisable.
$25,93o
—
Co.,
notes.
OQr
—$56,76a
gam.-k...
Dividends
1946.
in
week
Corp.—Places
Loan
Privately—The
company-, it was announced Feb. 28, has placed privately
through Smith, Barney & Co. $7,500,000 3y8% 15-year
21,364
Y-
Si - 586 G98
.
the
trunee
The
'Total'
loiai
the
Co-., trustee, 22 wSn St Ncw Ylrk N Y.—V.
22 William St., New Yoik, N. S
$47,299
;
•-
for
kwh., an increase of 14,064,211 kwh.,
corresponding week of last year.—'V. 1G7, p. 941.
Rayon
General,
$89,367
.
2,150.
7">8 366
'
p'Jb0
*CommonYock,
Earned
n-dinea
233,658
Corp.—Weekly Output—
corporation
4,450
—
assets
..;YNet Sain be "ore Federal inc. taxes
federal income taxes
$203,687
2,150
558,378
(par
OVer
this
150,229,444
.
$148,795.
othrtnenmjfa 1: ~
^----S4J'787
other income,, ne,a'5U'
.
to
The company has called for redemption
—
:
output of
General
;
•
electric
amounted
10.3%,
.
32,6i»
.
,
General Public Utilities
1946
$982,264
^
p'
1
•
—J.
Ry.—Earnings—
1948
" Four Twelve West Sixth Co., Los Angeles—Earnings—
"
241
7
—
k<iq
n
.'
51,510
.
—
I:..,—
_
ia?
'
.
SI,236,200
*
oper; ^income.-!'
ry.
v
185
515,849
—
Net
10,352
■
2p'b97
value):
(depreciated
274*044
274,044
.
2,701
-
January—
Gioss from railway—_
Net
railway—
d'nia
,
a
Fort Worth & Denver City
$2H(>4532.:
2g3'3 .
293.384
__
_
receivable-
her corporations
o
——
—_—-_—
~fiie~insura^ice~ rio"icies ~ ~
of
a.;ets
Stocks
~
refund..
lax
accoanti
•
$2UU,U3y
^ounu'weBivVhli
saccounts receivable
and
«nJ
31
Moolm
'
h ,nk-
„
Note:
Note.
C
in
balance
1948
p.
income..
746.
1946
$5,688,805
$5,281,403
1,439.140
—
1947
$6,525,760
railway
oper.
167,
'
-11(366,104
1,117.731
535,971
393,313
428.869
1947
Tears Ended Oct. 31—
Jther
income
*®4?—
1946
?•
$31,731,398 $26,077,142
201,088
239,267
„
$26,059,201
2-4,011
$31,922,486 $26,316,409
sales
Net
reserve
surplus
$2,119, (Ou;
$26,293,212
revaluation
of
NOTES—As
Total Income
23,111,633 23.0'5-670
1,078,283
44,100
5.061
13,248 - 24,441
652,000
340,700
143,750 1,000,600
124,400
109,880
131,490
-----crib.uuu
26,993,785
l,2a2,9i,4
36,359
31,045
1,433,700
of producti sold
•ttost
celling, general and admin. expenses
^ther deductions
.nterest
federal
—
—
expense
—
surtax—
tax &
normal inc.
.'ederal excess profits tax-
-
income
Janadlan and St ate taxes on
postwar
credit.
tax
Net
pro.'it
A
B
dividends
•Including
in
$963,035
for
provision
la-47.
payable
notes
bank
to
for Federal taxes
(after reserve oi
liability
savings notes pledged
(alter deducting $400,000 applied against
on income), $1,000,000; trade accounts
$70,000), $2,230,387; Inventories—at
first-out) which is substantially less than
Receivable
tprincipally last-in,
placement market), $5,218,227;
Tne
cost
re¬
investments and other assets, $272,586;
insurance
fund assets, $314,508;
properties, plants, and equipment
(after reserves for depreciation of $4,700.3J5), $5,037,479; patents—at
cost (less amortization), $10,259; goodwill, $1; deferred charges (pre¬
paid Insurance, etc.), $132,023; total, $15,557,007.
LIABILITIES—Notes payable to bank-secured, $1,000,000; accounts
payable, etc., $1,005,662; accrued taxes (other than taxes on income),
$83,732; estimated Federal, Canadian, and State taxes on income
(after deducting $400,000; U. 8. Treasury Tax Savings notes), $1,391,029;
payable to unconsolidated subsidiaries, $218,572; reserves for)
general contingencies,. $1,450,000; reserves, for Insurance, $778,129;*
class A common stock of. no par value (issued and outstanding 256,000
shares including 1,360 shares held in treasury), and class B common.
•toCk of no par value (issued and outstanding 216,000 shares Including
6.660 shares held in treasury), $2,491,113; earned surplus, $7,138,770;
Dividend-—
U.
30—
11 Months Ended Nov.
sales
•Net
Subs.)—Earnings, Etc.—
Corp.' (&
1947
.
.1946
$12,992,000.:. $9,112,585
1,969,632, 1,259,365
—.
•
C
^
profit before Federal income taxes.——..—.
for Federal income taxes (est.)_____
Net
442,000
787,000
'.
Provision
income
Net
Dividends
75,190
12,934,430
—d
stock—5'/*-—r-—_
preferred
applicable
Dividends on
a,
437,440
Balance
stock^l^ii^
7,972,403
1
5,266,840
$1,182,632
323,397
1
profit carried to surplus.
Net
.
.
assets
assets
Other
'
>
1947
1946
—
$4,780,357 $3,473,794
—————L'J' ' 301,173
47,664*
/
ASSETS—
Current
Capital
NOVEMBER
BALANCE SHEET,
CONSOLIDATED
$817,365
194,148
30 / V4 *
,_!
assets—less
charges
9,920,409
—■
reserves.—
Deferred
2,777,726
• 77,659
.
106,667
—;
—
liabilities
Earn,
surtax
$4,468,344.
timber purchase
stock
Capital surplus
Earned surplus
$6,376,843
.
Materials,
Finished
;
_
W.
Daniels,
President,
Feb.
on
—
$6,376,843
$15,108,606
Investment
Other
stated:
1
stock
ceeds to
expenses
the
was
the
virtually
enable
as
the
completed
company
to
for
Lewis
the
construction
commence
weather conditions will permit.''—V.
as
109,360
9,171,688
1,323,466
insurance
for
for
for
Reserve
1,582,840
175,489
....
(par value $100)____„^___
(issued 2,711,336 shs.)
Capital surplus
.V/'
1
t
...
surplus
Earned
...
stock—at
^Treasury
cost—
> 9,619,490
16,945,850
4,112,456
26.776.344
Drl,577,475
•After
:
1947
(JConsolidation)
v
of
selling
goods
from
—,
96,138
$125,406;
interest and finance service charges
Credit
to
res.
tribution
of
its
conting.
in
from sale
(Faraday
retire,
of its
Electric
Miscellaneous
I.
fund
by
a
dis-
'
v
assets by
taxes
on
income.._
+
' 4q's52
"1521
$1,667,175
CONSOLIDATED BALANCE SHEET SEPT.
'
(see
™
$37,322),
nH
and
contraL, S3,319;
8^9
225)
$4,019,225),
$36,000:
notes
and
•
30,
1947
accounts
receivable
(after
investments and non-current receivables, $429 135*
eqnUifm?nt
patents,
LIABILITIES—Accounts
reserves for depreciation of
and drawings, $7; deferred
patterns,
ss.,:uK
prepaid taxes'and
payable,
$637,721;
Federal
and
Canadian
irri Sn,!1'22!'7981 estimated liability for additional Federal
si 177 041*po.ss,bfIe
renegotiation refunds for 'prior years,
114
c°-s,
lwe incurred on uncompleted contracts.
Si and Can^i£.naytr0
$462*188: accrued taxes (other than FedSi fifin^taxes °h income), $166,993; accrued interest,
nWAAc'' deposits for purchase of U. sundry accruals, $117,878; em¬
lhsuranee, $7,052; S. Savings bonds (see* contra),
ployees
R2SR
and
167,
p.
$877,639
in
tAfter
1946.
by 8,706 shares preferred
847.
and
Personnel—
'
:
1947
NOV. 30,
$2,753,739; employees' U. S.
and on hand.
bond fund, $25,416; U. S. Treasury savings notes, at face value
accrued interest (less $1,487,000 applied against accrued Federal
taxes),
$1,018,330;
accounts receivable
(after reserve for
plus
income
accounts of
doubtful
market,
than
$15,000), $1,989,616; inventories,
$2,652,640; estimated recovery of
at average cost,
New York State
arising through renegotiation refunds,
Hooker-Dextrex Incorporated—(at cost),
tax,
-
in
$130,596; In¬
$420,000; in¬
securities—(at cost less reserve, $46,000), $67,325;"
plant and equipment—(after reserve for depreciation of $9,156,428),
$11,475,805; goodwill and patents, $1; prepaid insurance, etc., $58,284;
total, $20,591,772.
r ■
.
„
other
vestments,
employees' payroll -deduc¬
bonds,' $106,482; dividend kki pre¬
LIABILITIES—Accounts payable, $916,137;
and
taxes
for
tions
S.
U.
savings
$69,864;
accrued
(payable Dec. 30. 1947), $53,125; accrued wages,
taxes,
other than Federal Mdcome tAxe^i „ $231,149;
ferred stock
accrued
$96,054;;
possible renegotiation refund, $75,000'; miscellaneous accruals,
customers' deposits on returnable containers, $44 895; 2%
unsecured
notes
Dec.
banks ($600,000 due semi-annually Dec.
1, 1952), $3,000,000; $4.25 cumulative preferred stock,
payable
to
stock
value $5
(par
1, 1950 to
without pax
outstanding 50.000 shares, $5,000,000; common
share), $4,021,020; capital surplus, $2,910,174;
total, $20,591,772.—V.# 166, p. 2311.
and
author'zed
value,
per
surplus, £4,067,872;
earned
Offering—Blyth & Co., Inc.
stock (par $1)
share, as a secondary distribution. A conces¬
cents a share to NASD members was allowed.
4,500 shares of common
Mar. 2 offered
on
at
$10 per
sion of 40
—V.
167,
The
has been elevated
Board.
Smith, formerly Exe¬
formerly President of the company,
created position of Chairman of the
Mr. Smith as President is
President.—V. 167, p. 434.
W, I.
651.
p.
Stock Split-up—
stock
April 5 on Ihcreasing the authorized
from 200,000 shares to 320,000 shares, par $5, and on authoriz¬
stockho'ders
d'str button
the
ing
St. Paul, Minn.—
:
on
Feb.
24 filed a letter
the SEC
Home
The
the
usual
Insurance
Co.,
in
January
approved
plan in principle and stockholders of that, company will
the proposal at their annual meeting to he^held April 5, 1948.
affiliated with The Home
and whose respective
favorably on the proposal of the merger are:
The
Baltimore American Insurance Co.,
of New York, The Carolina
Insurance Co.,
City of New York Insurance Co., The Franklin Fire
Insurance Co. of Philadelphia, The Gibraltar Fire & Marine Insurance
The
boards
1 <
Home
shares
now
dividend
of
March 18 to
company
paid four quarterly dividends of 40 cents,
following extras: June 20, 20 cents; Sept. 20, $1, and
20, $2.
This brought the total paid in 1947 to $4.80 per share,
pared with $2.80 in 1946.—V. 161, p. 670.
plus
payable
the
Co
,
Co.
companies
of directors acted
The Homestead Fire Insurance Co., National
America, The New Brunswick Fire Insurance
Fire Insurance Co.—V. 167, p. 252.
of
Liberty Insurance
Co., and The Paul
Revere
Hooker
Electrochemical Co.—Annual Report—
Total net sales
for the year ended Nov.
each,
Dec.
-com¬
Incorporated Investors—Annual Report—
Co.
The
of one additional share for each
outstanding.
t
40 cents per share has been de¬
stockholders of record March 8. Last
to stockholders
quarterly
the
year,
total
net
assets
decreased during the
fourth quarter of 1947,
primarily because of disbursements to stockholders of $1,990,645, from
$66,767,554, represented by 3,043,077 outstanding shares to $66.593,386.<
represented by 3,059,495 outstanding shares. However, the;net asset
per share, adjusted for such disbursements, increased from $21.94
value
to
'
$22.42.
*>»'..
'
V
ENDED DEC. 31
INCOME ACCOUNT, YEARS
Cash
dividend
income
in
Interest
income—
$3,806,626
1945
1946
1947
Div.
of
vote
Irving J.
Aoril.
directors
will
$3,114,153
stock_—
.
1,466
-
*
.
30, 1947 reached the
highest
point in the history of the company; they were about $5,300,000 more
than 1946 and $1,000,000 more than the previous peak year of 1945
which was the last of the war influenced years.
,,-r
.
.
'■<
—
$3,806,626
$3,115,622
442,513
$21117,303
303,265
$2,483,797
356,949
Total income
Expenses
416,766
—
1944
$2,460,644 T$l;999.618
8,415 * ** 52,875
14,738 *« .t.64,815
merger
tote uron
-
Insurance
160,000
the
of
share
The
Appliances^ Inc.,
Safety
company
during
jffable(s of bonds held $1,767,769; inventories,
$62,902), ip trust for employees
U. S. savings
$2 R59 749
$2,859 742,
banks
in
SHEET AT
sav.ngs
The
$213,739
£'63n715' U" S* Treasury savings notes, series C
cost),, $1,500,000; Dominion of Canada bonds (at cost; quoted
market
value,
1947
(N. Y.)—To Vote on Merger—
The
d'rectors
of nine fire-marine insurance
companies affiliated
with The Home Insurance Co., at a series . of
meet'ngs held late in
February, voted unanimously in favor of a proposed plan to merge
their
companies into The Home, it was
announced by Harold V.
Sm:th, President. Terms of the merger agreements soon will be mailed
to stockholders of the respective companies and will be submitted for
approval by shareholders of each company at meetings to be held
/
(at
S?290e8240r cash ^
on
BALANCE
ICr240 794
■
$2,290,824,
shares
value outstanding.
804,204
tBased
Drl,577 475
of notification with
for 20,000 shares
($1 par) common stock, to be offered by
Rice and Co., Inc.
Proceeds will be used for working capital.
frlmefrllrrV h+o?tfUnfd inf,«,Fior year 8 Feder£d tax®s on income arising
^ 0 2
opei'atIn£ loss and unused excess profits
SSirt sin? ?n iod-T8^
S acc»uired at the beginning of the year
C^t 30 1946
WaS n° operatinS subsidiaries in the year*
,
Vice
The
35 000
—.......
in
Mfg. Co.—Changes in
Files With SEC—
18 668
__
income
'"111
30,000
1,233!812
—II—.
;
income
19,546 194
174,300
$2,065,616
$$2.58
excess profits taxes applicable
of $5 par value outstanding.
$2,873,240
■ •>" i$4.42
335,085 shares of $10 par
clared.
957 002
charges
common.—V.
Highway
sub
a
4,112 456
:
'
writ, off
newly
cutive
...
subsid...i_
sub.
a
con-
the
Corp.)
income
■S.ate taxes on
for
with
Sm'th,
P.
the
Succeeding
109 188
provide
net oper.
Federal and Canadian
Net
to
connection
rights, & goodwill of
Contracts,
Loss
for
liability
tingent
9,619 400
16,945 850
lp46—$136,018," 5P.enresent.od
Hettrick
*$25,533
$3,995,559
—•
income
153 078
536,136
-
15,000
—.—
(Harvey) Hubbell, Inc.—Plans
to
■Gross
1,582 ,840
depreciation and amortization of $44,829,780 in 1947 and
in 1946.. tlncluding estimated liability on claims: 1947—
shares
77,916
•$147,866
1 ,122,333
$4i091,697
operations
income
Other
1,758,762
expenses——
$41.4f0.833
$908,082
of
reserve
for
reserve
$3,809,206
3,726,761
230,312
18,702,861
solo
administrative
and
Profit
1946
(Company)
$24,457,182
sales
Net
Cost
1,265 128
5,684 005
212,500
670,170
Hoving Corp.—Secondary
Hayes Mfg. Corp.—Annual Report—
Years Ended Sept. 30—
6,072
949
$80,703,710 $70,050,967
Total
__
109 360
6,763,7(18
L„l—_
stock, no par value
Com.
167, p, 46.
—
reserves
preferred stock
5%,
—
pensions
contingencies^—..
Miscellaneous
project
early in the spring
River
1,232 731
1,375 702
1,272,153
Reserve
and
which wlil
$3,928 749
,
$2,988,552
212,500
$4,067,872
t$2.45
—
$Based on
franchise
1,123,555
$3,770,910
Federal income and
thereto. ;
lower
1' $3,304,796
11,276
$5,057,769
* 212,500
777,397
stock
share—
common
per
deducting
1
.
—
—
common
on
/,
t -
:/
surplus at end of year—
Earned
493,926
^Reserves
**i£0rP°rati0n project is1.000,000 shares outstanding.engineering
now has
Riddle
nearing completion
and
planning
I
payable
;
book
$1,073,286
1,910,266
$1,694,018
2,065,616
$2,184,529
2,873,240
—
cumulative pid.
on
vestments
for returnable containers.^———_
Preferred dividend declared
L-«,
—
U. S. and foreign taxes on income__^_____
net cash pro¬
the corporation of $4,761,344 before deduction of registration
payable by the corporation. The sale of the additional stock
very best obtainable under then existing market conditions.
-
301,789
$80,703,710 $70,050,967
accounts
60,000
stock——
Prov. for possible additional renegotiation refunds lor prior years__
50,083
Deposits
in
"The
6,657,396
26,783,331
2,678,100
CH4.403
————*
330,386
,,
LIABILITIES—
ACertied
9,705,399
7,754,448
—_
Accounts
Total
Diviedends
269,388
not
sub.
foreign
was
resulting
10,459,737
455,600
113,850
—
net
over
thereof
9,918,156
34,815.324
L
consolidated-
property
in
:
year—
ASSETS—Cash
__a
1,011,150
1,452,535
of year
realized on sale of
160,n03
9,431,041
_
37,827
—
at beginning
fully-owned „sub.
.value
or
charges
of
sale
the
corporation
underwriting commissions,
less
share,
per
1947,
25,
of
L
market
and work in process
cost
of
for
income
Net
Excess of amount
•After
160.908
a"seis
Deferred
538,005 additional shares of com¬
completed for the purpose of re¬
tiring approximately $3,200,000 of bank loans, completing the con¬
struction program at Riddle, Ore., and, together with the long-term
bank loan commitment of $2,500,000 from the Bank of America Na¬
tional Trust and Savings Association, constructing manufacturing fa¬
cilities in th® Lewis River,
Wasfe,, area under the terms of the
Northern Pacific Ry.'Co. contract,'^538,005.shares of $1 par value
common
stock
were
sold
to
the ^underwriters at a
price of $10.25
Nov.
"On
mon
1°46
$17,432,395 $15,004,761
v
1,020,360
a-_
——
lower
supplies,
products
and
tPlants
Total
E.
taxes-^..
S.
U.
receivable
♦Accounts
Inientories—at
—
securities—
of
refund
"
Adjustment for prior years' taxes—
*P.ov. for possible renogn refunds.
Earnings
31
DECEMBER
SHEET
1947
Government
S.
Postwar
—
———
BALANCE
ASSETS—
U.
Capital
•
..
CONSOLIDATED
' $2,297,915 $1,447,183
contracts———.2.809,154
572,000
3.268,879
2.736 677
5,120,332
931,219
1,612,126 !
689,764
Long-term
and " amortization:
depreciation
x,
aa-i—~U--.
—
Dividends
26,776,344 19,546,194
$4.75
$3.03
1347—$6,345,950;- 1946—
..
, ■ J- .
•,
at end
$4,257,583
profits tax——
Excess
15,523,921
19,546,124
period—
$3,989,085
268,498
$2,819,018
4,022.273
7,230,150'
-—-.-J
dividends
beginning of
$2,491,697
327,321
$3,674,891
i.—_—
—
Ea.ucu aureus
of period
share on 2,633,420 shs. outsfdg.
com.
per
*Afler
*
—
_
at
Earned surplus
'
'
LIABILITIES—
surplus
..
$15,108,606
Total
Current
after
income
Net
Earned
$3,283,122
386,769
——
paid—'
Provision for Fed, income tax and
,
Dividends paid
3,989,085
——
—:
Total
3,950,130
common
stock—
$6,116,474
2,372,093
income!—
Other
437,440
12,4)6,990
to
common
$4,863,790
and adm. exp. (incl.
8,403,843
—
—
—
$20,186,664 $14,884,913 $19,075,396
14,128,741 10,021,123 12,958,922
-
Sal6s_-—__—-a' $6,037,923
.
V !
2.769,801
profit on
Gross
Selling, general
29,394
5,811,018
106,236
proiits taxes-
excess
—n—
on
Balance
'
and
600,000
50,044
taxes__^_L_-,_
income
(incl. depreciation)
Interest
9,034,357
deductions
income
S.
14,956,491
'
sales———-
net
sales
depreciation——
14,823,773
8,653
118,065
;
contingencies—
lor
Previs.on
Miscellaneous
i
•
21,472,958
556,993
64,070
•
i,
a—
'
income
Total
Foreign
Harbor Plywood
-
22,094,021
a.
income
other
Miscellaneous
$
.
of the program
year but there
be completed in
1948 at a total additional estimated cost of about $2,250,000.
INCOME ACCOUNT FOR THE YEARS ENDED NOV. 30
Net sales:
v'
1947 ••
1940
1945
Chemical products" .1
$19,621,734 $14,551,678 $18,782,906
Miscellaneous parts and services-.
564 930
333,235
292,490
131,269,790 100,727^67
revenues;
acsets:
Feb. 26
on
$
and these added
total of slightly
lor
$7,000,000
'
.
.
;
of lixed
sale
on
stockholders in¬
of common
1947 amounted to $4,745,000
reported for 1946 of $2,361,016 make a
amount
the
Cost of
CALENDAR YEAR
1947'
I' 1946
v
■
and operating
sales
Net
•
-
•
Gain
dec'ared a dividend of 40 cents per share
on the common itock, payable March 12 to holders of record
March 5.
Payments last year were as follows: Mcrch 12 and June 12, 40 cents,
each; Sept. 12. 80 cents; and Dec, 12, $1.60. The total for 1947 was
53.20 per share, as against $2 in 1946.-—V. 167, p..746.
/. v. ; ».
directors
The
•'
•
■
preferred stockholders
of
the two year period. Many items
were
completed and placed in operation daring the
are
still a'substant al number of authorized items to
(Inc.)—Annual Report—
INCOME ACCOUNT FOR
CONSOLIDATED
all of
stoclt,
stock
outstanding.
decreased slightly during the
743 to 733, but the number
substantially, from 1,463 to 1,808.
Total
'(
of rights
Tor eacn
stock
working capital.
held
stock
of
from
over
for
Co.
Powder
Hercules
roiit troin operations
Co.—To Pay 40-Cent
(M. A.) Hanna
to
Bank & Trust Co., trustee, 70 Broad¬
Y.—V. 165, p. 1316.
1
.
.,
' i
N.
them
number
The
year,
creased
Co.—Partial Redemption—
payment on April 1, next, .^through
sinking iund, $86,000 of first mortgage b'/o sink.ng
due Oct. 1, 1958, at 105 and intereot. Fayment will
called
has
York,
New
stock has been issued, but in
newly authorized common stocx were
stockholders througn the exercise
to subscribe for one share of the new stock
common
by them. Through the sale* of this
approximately $2,729,000 was added to the company's
As of the c.ose ol the fiscal year, the capital structure of the company
consisted of 50,000 shares of $4.25 cumulative preferred stock
which was outstanding; 200,000 shares of cumulative pre.erred
none of which was outstand.ng and 1,500,000 shares of common
ox
the par value of $5 each of which 804,204 sharei were
optrat.on or t~e
lund gold bonds,
be maoe at tne central Hanover
way,
1,500,000 shares of the par
cumulative preferred
new
134,034 shares oi the
the
shares
five
Issuance of any of tne
author.zed if the above
which wdl be
adopted.—V. 155, p. 2007,
company
the
to
entitling
Helvetia Coal Mining
Tne
of
None
present plans for the
no
in the number
an increase
Capital expenditures in
shares
lOo.OOO
als are
propo.
$15,557,007.—V. 166, p. 1683.
total,
has
company
authorized (1) The crea¬
stock consisting oi ^00,000
of the common stoc.c vrom
$5 each.
oflered
r
remaining
cumulative preferred
class of
a
September,
Capitalization and Declare
;t.
ucc.u
(2)
value ol
100% Stock Dividend
The rtockho.ders wjl vote March
16 on increasing the authorized
cap.tal stuck from 330,000 shares, par $1, to 700,000 shares.
It is
proposed to issue one addit onal share as, a stock dividend
for
each
of tne 300,000
shares now outstanding.
There would be
transferred
irom
pa.a-in surplus aocounc $300,000 to the capital
$1,321,518; U. S. Treasury tax
ASSETS—Cash,
stockholders
1947 the common
26,
new
a
reduction in the par value
$10 per share to $5 per share, and
(3)
of authorized shares of common stock to
Wis.—To In¬
Co., La Crosse,
Ileileman Brewing
(G.)
crease
and $1,000,000 lrom
June
of
tion
shares;
$718,053
OCT. 31, 1947f
BALANCE SHEET,
CONSOLIDATED
on
$1,155,985
—
borrowed
was
York
On
in exchange lor
The investment
the approximate
su>.k issued. Of such
$370,000, was credited
$971,250, was
credited to capital surplus.
During the year ended Sept. 30, 1947 the
company purcnased 350,000 additional shares of
the capital stock of
American
Engineering Co. at its par value of $3 per share.
The
accounts of American Engineering Co. and its subsidiaries are included
in the
above consolidated financial statesments.—V. 167, p. 650.
—
.
acquired 432,000 shares
company
cap.tal
aggregate market vaiue of tne 185,000 shares of
amount, tne*par vaiue of the company's stock,
to the common capital stock account and the remainder,
254,640
280.920
316,800
146,528
179,188
depreciation of $531,156 and depletion of
dividends.
Class
Pr7,5j0
$2,023,725
—
_
Class
21,489
prior years
Adjust m'ts applicable to
the
1946,
1,
Oct.
stock of American Engineering Co.
185,000
shares of
its own common cupUal stock.
was
recordid on the company's books at $1,341,250,
the
of
$2,000,600 of
City of
a Loan
evidenced
of $600,000
Chase National Bank of tne
The New York Trust Co. under
and Credit Agreement dated Feb. 24, 1947. These loans were
by 2 '/o notes maturing Dec. 1,
1952, the "first payment
being due on Dec. 1, 1950.
which
New
total, $11,590,670.
054;
amounted to $3,000,000,
to banks
from The
payable
notes
The
$2),
for contingencies, $322,884; common stock (par
capital surplus (repfaraenting paid-in surplus,
aris¬
ing from adjuoiments of capital, and surplus aridng lrom
of lixed ass.tb), $2,662,J52; earned surplus since Jan. 1,
1934, $2,354,-
$3,319;
Subs.)—Earnings-
(&
Greif Bros. Cooperage Corp.
1948
Monday, March 8,
CHRONICLE
FINANCIAL
&
THE COMMERCIAL
(1044)
8
!
$1,808,047
1,708,714
•Exclusive of realized and unrealized gains and losses on investment
securities.
tExclusive of $8,231,634, or $3 per* share from realized
net gain from sales of investment securities
(designated as a capital
gain dividend) and $219,510, or eight cents per share, on account of
interest received on reorganization rail bonds,
^Exclusive of $3,704,595
or
$1.25
per
share from realized net gain on investment securities
(designated as a capital gain dividend).
§Exclusive of $765,633 or
25
cents per share from realized net gain on investment securities
•Net
$3,443,677
§3,482,510
income
Cash dividends
(designated
as
NOTE—No
a
$2,673,109
12,486,387
capital gain dividend).
provision
has
been
$2,067,031
tl,998,802
.
/
made for Federal income
tax on
Volume 167
Income
or
elected
*11
realized
on
be
to
its
of
unrealized
or
"regulated
a
net
Number 4679
gains
investment
income
taxable
THE COMMERCIAL
since
company"
and
STATEMENT
the
basis
of
NET
OF
ASSETS,
distributed
1
•Net
•Investment securities at market quotations.:—
Current
receivables"
——-
—-----—
-
Shoe
Co.
(&
;
1946
sales
$1,894,685
Operating
68,239,975
'
$10,716,448
1
$7,483,510
6,653,578
$5,985,588
5,368,181
physical prop.
on
43,208
25,940
$781,322
(net)_'___
412,968
».
Drl 1,068
26,188
$803,991"
!,
Total
__;
Current
liabilities
167,
at
i-_
cost
47.'
P.
par
^are
•Investment
(authorized
value each)__——
292,102
——
in
$56,314,543
-
3,059,495-
and
1947
Net
„
Provision
in
$55,566,741
'
:
■;
for
•Surplus
1946.
4'Preferred
Indiana Gas & Water Co., Ine.^-Partial Redemption—
•Of
stock
of
called
has
corporation
for
redemption
April-1,
on
next,
for
So.
LaSalle
St.,
111.—V.
Chicago,
Institutional Shares,
the
Of
Stock
distr.hution
&
Bond
Groun
represented net
of
cents
25
income
securities.
166*
■*
2104.
p.
:
holders
to
record
of
including
(not
Feb.
on
Jan.
have
realized
28
NOTES—Net
&
Bond
Group
Share.—V.
sale
the
'
.
*,
^
International Shoe Co.
Years Ended Nov. 30—
Net
sales
other
of
shoes
manufac.
tCpst of shoes
sold
(& Subs.)—Annual Report—
:
i 1946,1
-i 1945
I
1944
1947
and
135,031,487
.
189,308.357
132,026,902
Net
profit__"_LX
oper.
Other
.
i
refunds
excess
Net
{ 8,591,763
conting.
—
year.—*
for
on
1944,
of
of
in
1947,
6.378,747
i,
hospitalization*
ferred
also
in
stock
Kaiser-Frazer
The
corporation
America
1945
and
1946
and
5.969,125
6,013.080
6,013,080
'81.80
$1.80
♦*444,360
company's
$4,230
in
the
Internal
$4,997,471
in
Revenue
and
1944
Code.
§Includes
call
$2,268,509
in
1945,
and
is
after
Feb.
on
for
arranged
24
to
$10,000,000
a
finance
the
the
"last-in,
first-out"
••Deficit.
•
v
"last-in,
basis
(less
first-out"
income
basis.
the
of
of
'
•
taxes
applicable
*
consolidated
common
stock
capital
and
account, nov. 30
Com. stock cap.
plus
Gross
shares
from
Net
from
Net
ry.
—V.
of its
stock
approximates
after
stock
Feb.
on
to
the
payment
of
$71,580;
Gain
Total
railway
earned
Sundry
Bank
NOV.
for
167,
Total
'■ ;■'
167,
1947
the
95,681
i
{Land
from
own
above)
shs.
stock
sale
Total
of
of
on
co's.
5,568,720
Y;
Com.
stk.
as
•Divided
Common
Cr4.230
—_
and
•Net
income
to
share
30—
follows:
as
per
Crl6.920
Crl6,920
1.354,289
________
: - r
balance
sheet,
nov.
Cost
income
Cash
U. S. Govt, securities
own
and
to
{Refunds of
(net)
and
stock..".
in
assoc.
Federal taxes—
—2
•
r
under
2.674,617
525,594
\ v'
•Common
Accounts
stock
-
.■
j..
Insurance
surplus
.■,.
■'
9,390,754
127,734
138,189
1,243.897
;
.128.908
608.669
86,361
742.831
income
excess cost
surplus
Capital
v.;
262,622
•.
-reserve
for< Federal
„
1,198.318
bonds..
subsidiary company
rUReserves for
Total
•
,
8,390.996
1
••Employees' income tax.
Reserve
taxes.—
713,789
96,927
.
552,961
8,950,000
of replacing inven—
150.000
{
35,858,445
29,479,698
income
$29,225,778 in 1946.
from
replacement of inventories maintained on "last-in,
§Consisits of 9 400 shares of common stock.
tlMainthe "last-in. f'rst-out" basis
(less income taxes applicable
••Withheld from payroll.
first out" basis.
tained
on
{{Secured
$2,418,720
by 64.600 shares of cos.
tax notes.—V. 167, p. 942.
before
Appropriation
.•
v.-.-'-'-',.
■
—
income
Net
common
30,401,743
29,697,355
1
common
41,366
$1,028,143
997,247
1,280,141
etc.,
incl.
5,199,373
taxes
Cr40,733
315,834
'
$1,385,489
,
OF DEC.
$1,296,642
'v*
$4.79
in
Merchandise
Prepaid
less reserve
28,915,676
24,474,458
JOrl 18,517
Drll8,517
$88,955,434 $81,448,052
for
reserve
{At
U.
of
S.
in
amortization
cost
in
cash
$10,606,915
Treasury
tax
in
notes
of
1947
of
and
1947
167,
747.
p.
and
$11,866,*"
$9,081,983
capital
in
1947
stock
(after
$9,899,412 in 1946.
$4,500,000 in 1947 and
and
;
.
this
Feb.
on
to
company
of
Osceola
25
approved
recently
changed
to
to
change
the
Co.
Firebrick
&
proposal
a
Laclede-Christy
Silica
'
Co.,
wholly-owned
a
Laclede-Christy
Laclede-Christy Clay Products Co.
Co.
of
sub¬
Pa.—
6,775,748
6,481.723
196,285
260,255
30,698
January—
Net
ry.
railway—.
railway
from
RR.~Earnings—
1948
from
1947
1946
1945
$53,867
$58,155
$46,765
$41,476
•SS.SIS
♦60,113
•63,221
•65,514
•101,458
income—
oper.
♦Deficit.—V.
•78,068
♦80,482
*81,218
167, p. 652.
Lehigh & New England RR.—Earnings—
January—
railway
railway.—-
from
Net
ry.-oper.
167, p.
2,079,816
1945
$442,243
114.032
59,633
70,794
:
86,763
77,265
39,636
$404,772
-
January—
"
from
Gross
3
Managers'
security deposits and employees U. S.
savings bonds payments
assets, less depreciation & amortization—
Lasts, patterns, dies, trade marks and goodwill.
1946
$531,416
" '151,742
income—_
652.
1947
$583,651
126.877
*
railway—
railway.——
1948
•
;
1947
$6,286,381
1946
1945
$6,158,253 .' $5,618,797
1,232,109 : 1,387,468
$6,453,214
'
640,449
1,586,022
3
—_
*
.
Fixed
r
1918
from
Net
32,993
_____•
expenses
above.
Lehigh Valley RR.—Earnings—
$1,772,228
362,069
436 961
:
__________
business
reacquired
the
stock
depreciation of $12,393,466
1946.
1946.—V,
name
Gross
194C,
$1,594,045
receivable,
in
use
31
19*7
•
Cash
Accounts
48,511,253
Lake Superior & Ishpeming
300,000
$1,035,489
BALANCE SHEET AS
'
in
stockholders
of
See
$1,598,642
350,000
$3.54
•
1,073,201
48,511,253
1,200,000
;—
J
for
tAfter
sidiary, was also
V..166, p..568.
269,509
933,000
share_.
.
4,443,861
(issued—2,357,574
Laclede^Christy Co.—New Name—
Net
Crl08,707
—_
—.___,
ASSETS—
1946
$1,146,564
income—
common
for depreciation
The
29,487,416
51,939
contingehcies
LJ-
,—
7,768,199
30,837,039
Leclede-Christy Co.—New Name—
—_
.___
for
of
for
reserve
1946.
deducting
The
1946
.___
—_
tax
approp.
3,446,907
5,049,535
137 563
for contingencies
1,170,168
transit—
—_
$8,610,941
Gross
Net
from
Net
ry.
—v.
586,029 -
'
income—
oper.
167,
64,233
652.
p.
stock.
Libhy,
.
Watson
Total
$11,113,562 $10,495,293
Accounts payable—trade
Accrued and miscellaneous
Dividend
{{Including
notes
"B"
$1,204,458
1,281,559
on
income
"A"
notes
—
87.000
(net)—.—
'
.
payable
Managers'
'savings
50.685
maturing 3-1-48 to 9-1-48—4"
Provision for Federal tax
Mortgage
Series
$1,339,620
liabilities.^—1,116,787
payable—common
"A"
Series
85.000
484,837
438,464
17.700
_____
notes maturing 3-1-49
to
'
3-1-53—
418.000 v
—828,000
security deposits and employees U. S.
bonds payments
30.698
.
505,000
'
maturing 9-1-53 to 9-1-60—
Reserve contingencies
$5 prior preferred stock
828,000
32.993
>
1,367,000
(no par)—
1.017,000
3,146.450
•__
3,229 450
stock
202,739
Earned surplus
202,739
2,041,746
______!
Total
1,652,930
$11,113,562 $10,495,293
167,
$108,730,268 $92,205,123
•Represented by 3.310.000 shares of no par value.
{Physical proper¬
ties at tanneries, shoe factories, supply
departments and sales branches,
after depreciation of $29,542,235 in 1947 and
thereto).
——
income
537,440
795,063
______■
in
^
in
name
$33,116,861 $32,554,200
expenses—
Federal
-V.
{Resulting
;v
162, p. 2644.
4,475,059
and amortization—
50,370
24,294,803
Subs.)—Earnings—
*
and operation
charges
Common
210,000
1.354,289
.___—
_—
,
5,361,803
:■ ■
623,099 - '
643,288
♦276,810
■;.: •/;
McNeill
H.
Libby—New
&
Vanderploeg,
Mich., has been elected
President
of
Director—
Kellogg
director.—V. 166,
a
Co.,
Battle
Creek,
951.
p.
LIABILITIES—
'$51,000,000 $50,250,000
—
and
$2.13
1947
Provision for
..."t
—
7.■.
employees' balances
Accrued temployees' vacations
Employees' partial payments for Govt,
Earned
"
'.
payable.
Stockholders'
(&
V
1946
$9,121,003
319,557
—
shs,
$37,591,920 $37,603,735
charges—
Miscellaneous credits
(net)
542,961
___$108,730,268 $92,205,123
■:
$5.44
42,078,373
2,482,764
k
,
liabilities—
to
2,468,200
43,337,312
installment :
Total;
Due
215,805
_;
purchases plan
*
16,890,241
305.405
—
etc
ttEmployees notes receivable
243,134
27,105,524
i—_______
%——
charges,
9,877,031
1
value
retained
$7,872,000
27,054,133
sales——,
CONSOLIDATED
6.831.797
—______
companies—
34,351*489
24,474,458
3,738,146
7,776,763
;
on
_______—
—V.
473,074
rec.
fee_____—"
in
taxes,
taxes
5,900
,
2,393,487 {{4,352,386
—.
advances—,
invest,
570,405 "
'
_______
10 434.001
—
common
receivable
Inventories
Deferred
;
2,211,001
i
—
((Company's
;
notes
etc.—___
creditors..
exp.,
Federal
earn,
23,047,255
43,286,612
—.
.t
sales
1946
taxes—
cos.
—91,882,120
——
...
sales
of
Interest
$18,901,159 $15,898,156
_____
of Federal
Investment in stocks of other
Advances
V
1947
properties
refund
Accounts
30
21,565,958
11,163,075
$8.49
—
Kinney Co.; Inc.
—
assets—
tPhysical
Postwar
49,723,198
___———
inter-oompany
Earned per
consolidated
12,785,531
5,059,350
salaries,
of
§ After
34,210,330
12 Months Ended Dec. 31—
Net
$50,250,000 $50,250,000 $50,250,000
35.853,445
29,479,698
30,043,997
30,488,357
misc.
rents,
payable—merchandise
for
reserve
$
155.215,130
—_——
V-
(G. R.)
.
$51,000,000
surplus
1946
141,605,318
stockholders
Deprec ation
■
stock capital..
Capital surplus
Crl6,920
8,000,000
.
1947
payable—trade
stock without par
and
317,001,13G
—
Pension plan
$88,212,734 $79,729,698 $80,293,997 $80,738,357
and
premiums,
3ost
410
$•-
•Without deduction for depletion of metal mines.—V,
Net
Y
landlords
76,860
1947
'
taxes—,
*
—
Distribution
Earned
Less
sur-~
&
cap.
at Nov.
156,873
20,785,531
21,690,382
equipment
Accum.
181,769
.
78,941
'"f'V
-
100,877
'
$14,867,428
cost_L—8,889,533
»,
41,522
amortized
improvements
buildings owned
leaseholds, etc
shares)
$350,002
163,782
_—
income
'<>
;V
!_—L_380,151
$88,955,434 $81,448,052
Accounts
•1945
(& Subs.)- -Earnings-
taxes
Total sales_
129,289
at
and
§Prov.
$318,788
v*
,
revenue
foreign
5,969,125
___
stock
common
treasury
Earned
5,448,781
•'. \C
1,975,000
34,552
20,158,443
369,338
;
to
and
Accounts
I
-
—$95,836,004 $85,742,778 $86,307,077 $86,751,437
dividends-—-'
7,627,500
6*030,800
6,030,000
6,030,000
Common
plus
14,002,017
__
-of
tenants-,—
merchandise, inch merchandise in
or market, whichever is lower
adv.
Total
,
stock—.
common
•Com.
operating
S.
.
______
139,849
19,996,966
Total
:
...
before
V
1944
$
(net)
insurance
Accrued
1946
•
208,872
.
U.
,
,
from
LIABILITIES—
sale
943.
p.
$392,791
652—"• 7**v:>':*yv•*•••••
p,
revenue
$79,729,698 $80,293,997 $80,738,357 $80,782,312
50,000
&
♦Fixtures
to
Ry.—Earnings—
76,676
Operating
•S.'.'-Y
ended
year
(as
30
of
common
in
V
'
transit, at cost
{Leasehold
of
working
Kaiser-Frazer
from
•
surplus
,
"
1946
supple¬
;.
debtors
Inventories of
stockholders.
present
192,772
income—
Calendar Years—
thereto).
1945
•
under
_______—
U,: S.' Govt, securities,
<
?
,
the
$10,260,625
$439,283
:
railway
oper.
.
r
Net inc.
Divs.
,
1946
.'.
benefits
plan
received
•After
capital— $50,250,000 $50,250,000 $50,250,000 $50,250,000
surplus—^.
29,479.698
30,043,997
30,488,357
30,532.312
Earned
Gain
1947
YEARS
sales of securities and other, assets—__"
on
Loans
from
expenses,
3.—V.
1948
'
Kennecott Copper Corp.
stock
Com
Sale
& aur-
of year:
begin,
service
received
Interest
1
"short range"
on
' ;■
past
pension
Balance
Rentals
-'
loan
company's
additional
loan
received,
January—
deducting
*-
•
for
withheld
taxes
HMaintained
and
155.359r.900 160,926,508
132,823*906 128,432,980
1,977,959
1,969,745
421,220
330,7§i
for
Goodwill,
Kansas Oklahoma & Gulf
refund of Federal excess profits taxes of $608,453 in 1944,
1944 after $601,780, in 1945
$543,677, in 1946 $1,322,743 and in
1947 $206,416, estimated refunds resulting from excess cost of replacing
on
CALENDAR
merchandise
mental
postwar
maintained
FOR
sales—
of
Prov.
pre-
$150,000;
stock
common
Corp.—$10,000,000 Bank Loan—
offering
an
have
to
900,000
also in
inventories
time
$ '
*
$1.78
profits
ACCOUNT
_____
(issued, 210,000
23,757 shares held in
contingencies,
requirements.
Amount
amounting to
tAfter charging
excess
present
on
sold <fc operating
oxpense_
depreciation and amortization
Prov. for employes' retirement
pension plans—
plans
stock
1947.
constructed
1947
Provsion
-
our history.
company spokesman stated that the bank loan "has nothing
with the company's plans for permanent
financing."
These
was
••43.955
$1.66
-
common
the
at
The program-for
be
to
_.—^___;——
$3,600;preserves for
($100-par value), $500,000;
without nominal or par value—including
treasury),, stated value,
$446,609;
capital -surplus*
surplus, $1,405,923; total, $4,251,022.—V. 165, p. 2137.
.
do
5.568,720
$1.62
company's own
on
construction
1948.
stores
new
..
.
Cost
the
th^ largest in
shares
>
——1_
••564,299
$4.11, ;
com.
14
*
capital
"
under
COMPARATIVE INCOME
Gross
{After
;
largest
advisable to do so.
Tne-lirst payment of $25,000
that the-loan now stands at.$575,000.
so
'
:$1.80
with
in operation in 29 states and
compared with 242 stores at the end of 1946.
as
are
v
7,250,710
.
5,448,781
of
compared
-
;
5,162,490
..
at
1_47
—
operating expenses, maintenance of physical properties, selling, admin¬
istrative and warehouse expenses and credit losses (less discounts on
purchases).
{Resulting from the application of the carryback pro¬
visions
purchases.
on
years.
the
were
was
of
.
13,219,835
6,013.080
$2.25
•Excluding dividends
in
'
14.002917
-7,623,270
-
Earn, per share
$16,920
.75,141
10.731.210
i._:Cr 100,000
dividends
Surplus
customers
A
inventories-
share
per
.
4,407,370
.,.58,587
1947,
,
provision for prior
to
end
previous year.
243 stores were
scheduled to open in
Prepaid
Crl,000,000
______
income
•Common
Rate
physical
the
undertaken.
merchandise, after deduction of
etc.
{After charging operating —
properties. selling and shipping,
discounts,
-of.
at
was
shareholders
the
stores
new
1,146
company
shareholders
47,656
______r
147,304
CONSOLIDATED BALANCE SHEET, NOV. 30, 1947
;
•
=
J
Total
r,
ASSETS—Cash in- banks and on hand, $2.94,063; U. S. Govt.- tax."
20,572,077
Provision for Federal income taxes
notes series "C"
1—
(less $4,000 offset against liability for Federal
7,900;000
tax,>%
as
per
contra), $4,000; accounts receivable (net), $945,911; inven<
Net earnings ■;
i_
•_
stories, $2,087,512; prepaid insurance, stationery, factory
12,672,077
supplies, etc.,
Accumulated earnings at beginning of
$65,545; cash surrender value of life insurance, $51,514;
year—24,474,458
employees'
notes receivable, secured by common stock of
company, $12,494; plant
Total —1
1.
and equipment
_____________—: 37,146,535
(after reserve for depreciation of $414,348), $791,145;
Dividends paid on common stock
^ leasehold
improvements (less amortization), $98,833; total,. $4,251,022—,
8,230,859
Accum. earns, retained for use in the business--'
28,915,676
f/ LIABILITIES—Accounts payable for merchandise,
expenses,
etc.,
Earnings per common share——
:
$5.39
$679,556; dividend payable, $2,180; accrued wages, taxesretc., $116,275;
provision, for Federal
and .State
'V,'.
taxes
on
income (after deducting
BALANCE SHEET
DECEMBER
31'
'
$4,000 U. S. Govt, tax notes held for payment of Federal
taxes, as
ASSETS-:
'
v '
'
'
•'
1947
per contra), $300,300;
notes payable to banks, $575,000; reserves for
Cash
'
—
of
to
this
;
;*.•
1,081,514
•
made
was
of
cost
exc.
replacing
Not
22,593,780
taxes—
for
res.
for
142,517,295
6,777
2,211,001
;
—
_
inc.
for
to
flProv.
.
.
34,872
Fed.
taxes—
earnings
§Prov.
Add.
of
profits
__—-
end
of
of
$0.96
;
manufactured
excess
sales
before if it is deemed
.
22,346,491-- 2,009,211; 10,434.617"-12,968,137
247,289
i 187,158 r 296,593
251,698
income
J Est.
,i
I137,254,175
995,370<-r1,088,135V
________
-
148,783,794 156,642,087
mdse. '
&
:
Deprcc; of phys. prop.i'_*1,263,344
Other charges
" i
increased
end
stock
with .7,800
employes who are
of
.
-
212.918,192
number
compared
'
$
•>
mdse.
•
the
The
Report—
common
.
cents
net profits from
'
746.
p.
93,862
$2.03
34,872
,
During 1947, due to increased production and greatly increased
costs,
company deemed
it advisable to make a five-year term loan of
$600,000.
This loan is., to be repaid at the rate of
$50,000 per year;
the remainder
of the
loan, $350,000, - to be paid the fifth year—or
*
the
on
the
167,
other
107,564
$2.07
1948
future expansion also
locations acquired
in
recent
years,
and five new buildings to be
constructed
to
replace
existing stores. Also, many of the existing stores ;are
scheduled to be
enlarged and modernized as soon as this work can be
$215,563
186,4*^8
Stock
shares
Co.—Annual
the year the
shareholders as
li)46.
the
Seven
are
$413,069
34,872
shs.
com.
history and factory production
privilege of reinvesting, in.
addit onal Stock & Bond Group Shares all or part of the 25-cent distr.bution
(within 30 days after Feb. 28, 19481
at a discount equal
to the entire
selling ^commission; Similiar distributions were made in
each quarter during.1947.
'
/
1 "v
:
,':
:
After giving effect to the Feb. 28.
1948 payment, real'zable secu¬
rity losses, less realized security profits amounted 'to - $2.0152 per
Stock
50,000
the
the
from
present
allowances,
'deducting $4,132
"
31," 21:64
profits ot. losses
represented
cents
Shareholders
made
share
per
1
'general and administrative expenses, less discount
V
.
of
company
At
382,613
$215,563
$420,085
maintenance
expenses,
first
Ltd.—25-Cent Distribution—
Shares
and 3.36
securities;
sale, of
of
of
$120,000
350,391
$463,069
50,000
dividends———__
on
and
and
'
mortgage 3'/a% bonds,
due Sept.
1,
1970, at
102%
and interest.
Payment will be made
at
the Continental Illino s National Bank .lt Trust Co.,
.trustee, 231
fund,
the-sinking
:•
dividends.—
sh.
shoes
.returns
The
contingencies—
stock
,
Earned per
account
the
$598,176
..
4,211,565
of
8,611
the Territory of Hawaii,
___________
Common
-
end
includes
$23.70
,
{300,168
$470,086
on
Kress &
end
by
1,047 at
income.'
2,953,068
$21.77
$813,460
"
.
—-
$770,254
Provision for Federal and State taxes
on
income
$66,599,386 $70*255,526
^
stock outstanding
5,000.000 shares of $5
Net assets per
44,>,047
—
Net assets ^
Shares, of capital
—V.
$67,045,423 $70,547,628
—
Total income.
the
owned
6,957
the
•
report of the Keystone Low-Priced
Common
shows total net assets of
$18,235,023 on Jan* 31
$4.33 per share
(S. H.)
At
$591,219
9,468
-
•
9
semi-annual
outstanding. Six months
earlier total net
assets
were
$19,715,844, equal to $4,47 per share
on
4,406,964 shares then outstanding.—V,
167, p. 747. •
1945
profit.—
Other income
(1045)
The
Subs.)—
1946
...
..
—
Depreciation, etc.,
~
eqyal to
1947
-
9,891,828
.
tCost of goods sold__^
quotations)
$3,349,837
63,068,319
627,267
Shinkle
CHRONICLE
Fund series "S4"
Years Ended Nov. 30—
31
market
at
-
Stephens &
FINANCIAL
Annual Report—
-n
1947
Cash
Johnson,
•
'
DEC.
securities
investment
stating
has
•
,
has
company
(including realized gains).
-
(On
the
&
747,
p,
Lion Oil Co.—$20,00,000 Placed Privately—Acquisition
—Refunding—The company on March 2 purchased from
the U. S. government the chemical plant formerly known
as Ozark Ordinance
Works, according to T. H. Barton,
Chairman.
issued
company.
chemical
"The
United
States
fertilizer,
May
Keystone Custodian Funds, Inc.—Asset Values—
Combined
on
Jan.
Net
creased
Jan.
31.
31,
1947.
of
Net
shares
per
the
exceeded
asset
to
ten
Kevstone
$164,000,000,
Keystone
$24,459,353
1948,
$16.63
assets
the
of
from
31.
1.549,094
with
net
1S48,
assets
$25,122,194
value
per
on
the
31
1,470,773
Funds
was
Bond
during
share
outstanding on'Jan.
share
it
Low-Priced
Fund
the
amounted
of
this
shares
six
to
year.
011
series
values
March
"B3"
months
$16.22
This
outstanding
3.
in¬
ended
for
the
compares
on
July
fixed-fee
for
it
May
operated
basis.
On
Mr.
flexibility
plant
more
which
may
the
said
Barton
greater
since
be
chemical
that
1946
of
Oil
purchase
operation
in
the
on
largest
nitrate
period,
from.
wholly-owned
a
cost-plusthe plant
Co. took over
and has been operating
time.
outright
the
ammonium
Government
lease
the
of
one
through a
Co.,
Lion
long-term
a
is
During
of
of
these
the
plant
facilities
for capital
additions
the long-term growth and
available
expected
division
13,
under
Ark.,
ammonia,
solutions.
13, 1946, Lion Oil
this plant for the
the
in
readily
Dorado,
anhydrous
of
fertilizer
May
private operation
continuously
El
near
nitrogen
until
1943
plant,
producers
and
subsidiary,
market
at
disclosed
Simultaneously the
company revealed that
$20,000,000 3Va% sinking fund debentures,
due Jan. 1, 1968.
Proceeds of the new issue have been
used to finance the purchase of the plant, call the pres^
ent outstanding $5,600,000 3%% sinking fund debentures
due 1959, and increase cash and working capital of the
it has
the
company.—V.
166,
p.
will
and
permit
thes
make
and
expansion
development of
2560.
ASSETS—
Cash
the
of
Sale
to pay off bank
company
Louisville
.
V.
167,
corresponding
year,
a
The
and
Jan. 19 said in part;
Nov.
1, 1947, these subsidiaries
existence, becoming divisions of Lukehk, under
ceased
the hatnes By-Products
in
agreement was entered
Lukens Steel Co., /
Worth Steel
Corp. will obtain':
^proximately 11,000 tons of pig iron a month for the next fivevsars
from
the E. & G. Brooke Iron Co., Birdsboro, Pa., of which Wakens' share will be 5.500 tons a month.
The three companies alsp
agreed to buy at $16 a share, all shares of stock of the E. & G'.
Erooke Iron Co., offered to them by Dec. 1, 1947.; As a result, the
companies acquired 118,795.5 shares out of 168,065 shares, of which /
into
in
steelmaking,
hearth
open
the
near
an
end of the 1947 fiscal year whereby
Co.
and Warren Foundry and Pipe
e
portion Is 48%.
Lokens'
,
,
:
3,760,209
8,972,849
DiTOO.OOO
'■•/ /.'• •;
.
foregoing statements.are
The
.'-V,,
V,
y Net
oper.
Other
Gross
'/
the Defense
of the buildings ahd..
the Government and leased to Lukenweld
facilities give approximately 217,000 square
equipment installed
by
the war.
These
feet of floor area for the
curing
Cost
exclusive
of/sales,
expenses
3,323,270
—
plan
retirement
178,112
—_
of
"Amortiz.
arid
debt
105,000
119,257
178,112
999,558
934,191
:
depreciation- /
notes, pay., etc.;
on
836,832
"
17,284 ;
-.17,284
1,235,931
113,382
-
125,398
sales
donment of prop.,
and
equipment
of-no
and
stocks
and C
Net
pit.
Crl40,14G
——
: Crll6t046
■
"J
;2,58O
185,150
periods
Other
income,
net
other deductions
of
'
Earnings
from opers._
State inc.
for
normal
The
Net
r
tax
$4,876,702
$4,630,117
186,800
$41,477
t$270,247
197,000
20,000
1,844,000
1,746,200
190,000
$2,635,702
$2,697,117
there
ferred
to
t$480,247
V
—
$41,477
6,793,452
6,793,452
6,792,802
4,152,616
$9,629,154
$9,490,569
$6,312,555
$4,194,093
inventory
for
refunds
and
adJUstmehts
fAUJustm't of prior yrs.'
operating reserves—
of
V.
260,367
480,897-
3,494
260,367
2,410(000
167,
p.
748.
B,
any
$9,893,015
for
tory
475,000
future
475,000
6(793,452
$6,904,093
inven¬
lOSSeS-:
one
than
$3,418,015
divs.
paid
able, $1,40
Earned
,
or
per
$9,279,430
the
of
Dee.
on
year :or
$6,904,093
the
Earning. per share—
"Including premium paid in 1945
$8,834,264
$6,793,452
$8.48
Nil
$6,792,802
'
$0.12
bonds redeemed.
tLoss.
JNet
oZ discounts,- returns and allowances.
§Net of estimated provision for
Ir.come tax liability.
HOf provisions for taxes on income of,prior years.
on
3,759.3°2
2,038.976
4,051.392
2,155,569
1,523,815
3,007,428
y
Coal Co.—Tenders of Bonds
Trust
Sought—
/
amount of the bonds offered/
price exceeding the principal
a
165,
Co.,
1318.
p.
"
.
-(i
'
.
'
r
/
Montana-Power Co.—Earnings—
Operating
exiienscs
Federal
"
1947—Month—1946 /
$1,970,159
revenues
Operating
.
621,245
____
410.029
taxes
,
/
•,
1947—12 Mos.—1946
$1,805,870 $20,484,260 $18,650,717
15.98,217 1 5,517,760
5,125.152
299,310 / 3,646,197
3,140,164
147,602
2,127,107
125,000
125,000
3,661
retir. res; & deph
appropriations
3,861
v 1,692,056
' 1,500,000
3,861
158,423
Other taxes
<
Prop,
•'
■
investments
Net
13,113
$638,488
$618,567
(net)—_
income
8,721
—$647,209
charges—,
87,399
$7,676,222' $7,176,371
5,499 / ; / 71,235
52,463-
income
Gross
on
(Inc.)—To Increase Stock—
13,113
13,113
13,113
revs.__
operating
Other
——/"
Dividends^ applic. tqf pfd/
.
$624,066
' 370,931
$559,810 - $253,135
stock for period./.;-/
$7,228,834
1,449,584
$7,747,457,
1,148,124
$6,599,333 $5,779,250
•; 957,53.4 .957,534
167, p. 255.
•/
.
y
$4,821,716
$5,641,799
/
Balance
—v.
3,861
.
'
adjustments—
acquis,
,
utility plant
of
Amortiz.
,500,000
limited-term
of
A,mortiz.
..
.//
plans
offer 30,601 shares of common/stock - to
and to all employees of the company, who
in the employ of'the company for a period
to
shares
were
mora,
and
in
not
an
fore
amount to any one person
than the quotient obtained
&
sales
Available/to
Co.—Cash
/
/.
or
An
Prop.
holders
Utilities
exchange
/March 2.
of
Co.
sold
;
H
Mist,
for
three
classes
of
securities
$3,000,000 is
cahcellation,
it, was
surrender
.
and
,•
•
< ■
jj/
■
•
.
,
•
.
Prov.
892,842
605,891
364,777
533,744
3,904,399
-
est.
4,539,017
3,904,399
1,650,000
1(800,000
2(889,017
—
Fed.
•»
2,104.398
inc."
————
locate owners
announced
on
'/.
profit
of, shs.
Dividends
Earn,
per
"Arrived
celerated
_—_——
'■**, '•
1,022,948
483,314
'•
,
589,219'
.
410,313
V 6,903,154
»150,463
- 21,020
881,360
1,031,824
0
—
1,031,824
6,924,174
4,913,000
2(011,175
800,000
sh. com. stk
as
400,000
1,000.000
1,000,000
$5.26
$2.53
$5.03
Retroactive wage, increases. $1,000,000,
of war facilities. $178,794 and Drovision
follows:
amortization
400,000
1,000.000
$3.6i
1
400,000
1,150,006
outstdg
at
2,557,205
/*'("•;
352,272
,
335,837
1297,777
income
for
'
1.094,359
Certain
and Midland
being held in.
this company
of
approximately
which
2,101,001 / /
2,556,189
4,241,240
income
187,456,579
.175,973.*740
4.914906/ 11.48^39
8,084,849
754,680
—•
& misc. taxeS—__
:—
Total
Subs.)
Oct. 28,'44
'
Profit——
Net
for
;.,.9.901;744
3,846,994
Interest charges, etc.
No.
intensive search is being conducted currently to
276,120.297,145,484,643 153i35O,073
Qross^profit- Oh sales
gen; & adm; exp.
for
deprec.
and
amortization
:■■■'■!
286,072,041 153,569.492 158,264;379
em¬
purchaser shall a period
complete full payment
United
rev.,
oper.
Prov.
.
:
5
Sell.,
of not less /
by dividing
to
Midland
INCOME STATEMENT (Ificl. Domestic
.
Nov. 1,'47
Nov. 2,'46 Nov. 3,'45
COMPARATIVE
Fiscal Years Ended—
Cost of sales & oper. exp.
.
/:'/ /'. \/y i
Employees—
Co.—Annual Report-—/
(John) Morrell &
f
;
/'
All-lines, Inc., Kansas City/ Mo.—Sale
Security—
$8,972,849
$8.92
1945
1946
1947
3,366.821
income...
944.
-taxes.—
111,291
surplus, end of
periods
660,683
8.318,564
Period End. Dec. 31—
..
of not more than 36 .months within
for stock purchased and shall have
right to accelerate payments at any time.—V. 167, p. 748.
Each
_—
445,166
445,166
.
$16,063,613 $14,171,953 $19,396,128
Bankers
cepted at
—V.
pay¬
share-
252,059
sinking-fund trustee,
16 Wall St., New
York,
N,
Y„ will up to the close of business on March 25,
1948
receive bids for the
sale to it of first mortgage sinking fund/5"%
income bonds, due July 1/ 1955 to an
amount sufficient to exhaust
the sum of $34,920, held in
the-sinking fund. No offer will be ac¬
have the
liquidation, up to
shares by the aggregate number of eligible officers/and
ployees on Dec. 31,
1947.
The price per share for the stock
shall be $6.
"
'
•
\ •
v
•
$6,793,452
'
327.410
income
yyyy
oper.
Monon
company,
1947
31,
25
which
Less
2,285,050
1948
167, p.
The
rights,
voting
for
ry.
'
/
30,601
$9,754,430
1945
$7,217,685
1,486,511
684,033
railway...
from
Net
—V.
13,275 shares class Cy/
stated value;' surplus
.'•••; .1'
'
company
•
f,—
—
1
Prov.
The
of
*
.
1946
$5,144,317
920.154
1,500,000
'» Mid-Continent4
officers
3,494
1947
$4,974,611
1.090.119
railway.... $17,179,801
from
Net
asked to approve a proposal to change the nanje ;
of
the corporation
to Mathieson Chemical Corp»"' •.
' ////
It
was
stated that the
company has
no
current * plans: to offer
additional stock for sale/in,, the near future,
but desires additional
common
stock authorized in case financing later seems advisable.— y
300,000
income-
to
99,760
.$5,945,486
January—
Gross
March 30
of Stock to Officers and
losses and maintenance
restored
f Adjustment
34,599
167, p. 944.
Net
Provision
"' 45,877
They will also, be
begins
surplus,
ry.- oper.
on increasing the-authorized
shares from 1,000,000 shares..of which./
are outstanding 828,171,
and oil decreasing the authorized pre¬
stock to 23.777 shares, the amount now outstanding.
/
stock
vote
will
stockholders
'
1948
from
Net/ncome
income
and surtax
Earned
except
Mathieson Alkali Works
Cr94,543
Cr97,730
Cr95,697
54,710
-■
.
railway—
Net
**
Cr 112,041
$261,381
82,101
railway....
from
Gross
Interest
1,106,035
;
1946
$231,206
89,669
1947
Missouri-Kansas-Texas RR.—Earnings—
Feb. 24 filed a
on
-
income...
oper.
1945
$279,996
112.873
167, p. 654.
January—
registration statement with the SEC covering, 716,074 shares of beneficial interest.
Underwriter, Vancp/Sanders & Co., Boston,
Proceeds will be used for investment.—V; 167, ;/
p. 548,
y
■-.■■/-... ..z
y. -4
company
common
Prov.
ry.
—V.
' y
1948
$363,988
166.512
railway....
railway
from
Trust—Registers With SEC—
Massachusetts Investors
The
$1,343,100
435.
p.
from
Net
including the right to receive in
Class D stock shares only in liquidation after class B y
have received $100 per share.—V. 159, p. 640. : / *
•.../
per
776,652
/
$1,399,323
167,
Gross
1946
privileges
iihare.
same
$100
stocks,
C
and
B
$2,293,621
683,655
$235,578
$259,890
,
January—
$312,363
$1,203,538; total, $2,281,085,
earned, $147,649; capital surplus,
113,438
Expens..incurred during
strike
and
shutdown
Federal
(5,535 shares class
class D), shown without
value
par
shares
13,274
disct.
2
and aban¬
expenses
Loss on
stock
1,747
$2,442,831
16,683
25,977
$2,291,874
1,056
...
Missouri-Pacific RR.—Earnings-
"1947
$326,808
'
Operating income
Operating expenses
-NOTE—Class
P;ovis. fqr
Int.
2,039,551
2,333,513
3,083,097
employees'
to
Contrib.
41,675,155
25,902,875
43,630,328 * 39,984,628
prov.
$252,261
income
,
Missouri Illinois RR.—Earnings—
.
..
for deprec,—
Selling, admin, and gen.
of
151
$233,913
$2,441,775
$252,110
76
Balance
-V.
163,795
164.210
and overhead
manufacture and machining of weldments
40.000
20.000 /
Depreciation
e:)d welded machinery.
Government agencies expended $3,494,273 for
$123,013 V $128,153
Net Income ..y..
these facilities,
/ *■
'' /'■ ' 1" V
"//;.//■;://
In addition, Lukens is operating under wartime lease contract the
57,173
47,901
interest '
120-inch mill and other • facilities which were erected by the U, S.
25,354
27,969
Sinking funds —;
L'avv during World War II,
The net worth of the company at the end of the 1947 fiscal year ,
Balance surplus
• $47,143
$45,336/ .
r as
$15,912,813 resulting in a book value of $50.04 .for each share
< outstanding stock.
"Not including the Haverhill No. 2-property which was sold in 1946.
On Feb.
i3, 1947, the company prepaid the balance of $600,000 /
V 4
BALANCE SHEET, DEC. 31, 4947y/.•/ ' ' •;/
; /*
/'
cZ an original
long-term bank loan of $1,000,000.
At the end of
the 1947 fiscal year, j,ukensT,had 110 outstanding long-term loans,
ASSETS—Cash, $91,666; accounts receivable, $33,423; Atlantic States'-:
Warehouse & Cold
Storage Corp. shares
at cost,! $35,000;; sinking - .
CONSOLIDATED INCOME AND SURPLUS. ACCOUNTS
..
funds, $368: land, buildings and equipment (net), $2,114,591; prepaid
(Including By-Products Steel Corp. and Lukenweld, Inc.,
/ accounts, $5,155; silpplies (fuel), $882; total, $2,281,085.
/,
/
wholly-owned., subsidiaries) - '
LIABILITIES—Accounts
payable,
$7,952;
accrued interest, (first
56 Wks. End.
52 Weeks Ended
—
mortgages), $2,196;
accrued interest (first and refunding mortgage/
Nov. 1,'47
Oct. 4,'47
Oct. 5,'46
Oct. 5,*45
bonds),. $8,337;- accrued expense, $2,350; first mortgage outstanding,
fSales
$52,773,066 $48,591,687 $30,289,067 $45,243,9881 $575,563; first and refunding mortgage
bonds, "$333,500; common
.
/"
Co.—Annual Report—
-/
Ended Dec. 31—
Years
$233,837
revenues
income
—v.
Massachusetts Cities Realty
"45,931
f
$1,666,179
$1,609,956
/Dividends; applicable io pfd. stock, for period,-- / / 266,856.;. 266,856
•'
with
Negotiations
were
concluded during the year
Plant Corporation for the purchase, for $1,000,000,
"18,733
.wr/./:'V vU
Interest on charges
Net
»
total of $3,219,875.
"54,483
income
fiscal year the working
replacements a
facilities and
"396,566
-
64.101
/
,
/
- ■_
capital was $7,324,843, ;
a decrease of $87,938 from the revised comparable figure of $7,412,782
McGraw-Hill Publishing: Co., Inc.—Merges Two Mag¬
cZ 1946.
This decrease is the result, mainly of expenditures for plant*
azines—
additions
and
facilities at Lukenweld, in the flanging department /
The
company
on
March
2 announced the incorporation of its
r-TKl
for the installation, of sodium
hydride descaling equipment, in
monthly
magazine,
"Air
Transport," with
"Aviation Week," a
line with the long range company policy of expanding the manufacture
weekly which the company brought out eight months ago. This change
c! steel plate specialties and fabricated
products.
will become effective April 1.—V. 167, p. 850.
- *
During the 1947 fiscal year Lukens expended for additional plant
the end of the 1947
At
1945
$1,777,549
-
—
Nov; 1,
to
$1,923,609
* V 150.913
'>'/ 1947—Month—1946
1947—12 Mos.—1946
Operating revenues ...I ,$1,382,771 ; $1,181,611 $14,378,028 $12,296,042
749,511
8,397,327 "; 7,029,285
Operating expenses815,574'
41,125 / " 1,548,880 / 1,296,371;
Federal taxes
*•
174,071
64,6J5 >
Other taxes
79,289
1,030,046
/850.512
74,000 "'
960,000/'.' 828,000
Prop, retir. res. approp.
.
80^000
companies will be opef/. •
/
presented before transfer of assets and
companies to Lukens Steel Co.*: vf
1947, Lukens Steel Co, invested approxi¬
mately $900(000 in stock of the E. & G. Brooke Iron Co. in compliance
with
the terms of a purchase agreement
with that company, dated
Nov.
4, 1947, entered into-by Lukens Steel Co. and others for the
purpose of providing a continuous supply of pig iron.
• .
(3) On Nov; 6, 1947, Lukens Steel Co. borrowed $1,000,000 from a
bank on a short-term note
On Dec. 8, 1947, this loan was increased
to $2,000,000.—V. 167, p. 943.
7. '■ <'///'■ />/
Subsequent
railway—
from
•
1946,-.
- 1947
$2,163,914
175,953
Mississippi Power & Light Co.—Earnings—
liabilities of the subsidiary
(2)
1948
Period End. Dec. 31—
Subsequent to Nov. 1, 1947, these subsidiary
as divisions of Lukens Steel Co.
ated
18,919
6,793,453
Dr 100,000
*
-2; $23,990,230 $18,869,145
for depreciation of $10,266,629 in 1947 and $10,627,011 in 1946.
///■' / . '•"/"/h -'> /
/'/ /•/
NOTES—(!) Liquidation of subsidiary companies: As-of Nov. 1, 1947,
the assets and liabilities of By-Products Steel Corp. and' Lukenweld,/,
Inc., wholly owned subsidiary companies, were transferred to Lukens
Steel
Co. under a plan of liquidation approved
at meetings of the
directors of Lukens Steel Co. and the stockholders of the subsidiary
companies on Sept. 26, 1S47.
55,670
16,623
j26,615
,
$2,337,693
"204,435
railway.
ry. oper, income./."Deficit.—V. 167, p. 654.
allowances
"After
from
Net
Total
level in the history of Lukens. Net .income was $2,835,702,
amounting to 5.3% of sales.
. ■
Tlie 1947 fiscal year comprised 14 periods, instead of the usual 13
periods of four weeks each. Beginning ih 1925, Lukens has operated
o:i
a
basis of 13 periods of 4 weeks each.
On that basis, each year
Las
totaled only 364' days so that- in the intervening 22 years the./
e:id of the
fiscal year has been advanced gradually from the last
cZ October to the early part of the month. -To remedy this condition,
a
14th period was added to the 1947 fiscal year covering the dates
from and including Oct, 5, 1946 to and including Nov. 1, 1947.
: r
To
assure
a
portion of the requirements for pig iron, a basic ,
peacetime
ir.gredicnfc
Net
3,279,760
3,760,209
donated to company lor
notably
highest
despite shortages of raw materials,
net sales reached $52,773,066, the
peacetime. As a result,
metal and pig iron,
scrap
/.
$143,044
47.807
Minneapolis St. Paul & Sault Ste, Marie RR. —Earns.
*763,000
(10,000 shares) held in treasury,
sale to employees—
Capital stock
$136,252
.,$154 679
84.314
28,428
income
1945
1946
1947
;
78,571
railway—
oper.
1256.
p.
167, p. 943.
Gross
3,279,760
—
,
1948
$188,798
railway^-„
January—''
30,432
•
1.238,000
Capital surplus——....
Earned surplus since Oct. 21, 1933
Lukenweld.)
Demand for steel plates and steel plate
products during the year which ended Nov. 1, 1947 was unprecedented
43,947
49,862
_r_.—?—
(par $10>__——;
Common stock
ry.
—V.
and other
losses
from
Net
■"/ /
,
166,
219,935
64,709
contingencies
LUkenweld, Inc.
their corporate
and
Co.
S;eel
Net
compensation claims and
I_c.—
future inventory
from
Gross
600,000
etc
i
for
Reserve
for this company
1947 fiscal year was a highly satisfactory one
subsidiaries,
By-Products
Steel Cor])., and
(Effective
.
,
awards,
for¬
RR.—Earnings-—
"
January—
98,733
Holders—
Co.' above—V.
United
Midland
Midland Valley
1,122,107'
462,524
2
for workmen's
Reserve
<
be
of Cash Avail¬
Utilities Co.—Large Amount
able to Certain Security
See
230,052
for industrial plant facili¬
ties, with collateral (see contra*;
—Workmen's compensation claims and awards—
Report—Robert W. Wool-
should
full insurance to the Continental
LaSalle St., Chicago-90,»111.,;accom¬
surrender for cancellation and exchange.—
S.
1774.
Midland
'.
210,000 'J
agreement dated
April 30, 1945
Note payable, bank,
.
thereof
deposit
of
under
Co., 231
by a"statement of
675,000
—
sales contracts
on
mail
Trust
&
p.
161
———
materials, retro¬
payable, bank, undei loan
Note
.
cott, President, on
received
registered
by
Bank
V.
350,192
557,817
of
adjustments, etc.—
certificates
or
panied
348,921
2,041,000
adjustment
'
.
securities
222,583
—
from
resulting
wage
Advances
Feb. 28, 1948,
kwh. for the
decrease of 0.2',fV. 167, p. 943.
Steel Co.—Annual
Lukens
courts;
warded
'
448,983
estimated:
Prov.
for the week ended
as compared with 32,846,000
kwh.,
week last
eral
$1,348,456
$2,086,282
—
corporate taxes, etc.
year—.-
operating reserves
—
for claims for defective
as
Decreased 0.2%—
32,786,000
totaled
fiscal
years,
active
of this company
output
Prior
167, p. 943.
Weekly Output
Electric
152,277
payable-...v-
Current
1948
See V.
published.
172,038
,
^
'
■
,
Federal and State income taxes,
March 1, which immedi¬
the production figures for the week ended Fe'o,_21,
e
those for the Louisville Gas & Electric Co.
(Del.i.
The consolidated
figutes of the Kentucky company are correct
£
22,117
219,935
80,661
,
Illinois
payable, trade and others
Accrued salaries and wages,
(Ky.)—Correction— i
follow
ately
100.807
7,525,082
payable
Dividends
the ' Chronicle" of
158,604
bank (see contra)
LIABILITIES—
Accounts
Wages
Electric Co.
in
given
earnings
5,992,139
8,458,753
—e.——$23,990,230 $18,869,145
Total
'
Louisville Gas &
The
,-The Continental Illinois National Bank & Trust Co. of Chicago is
the cash and securities in' behalf, oi the remaining owners
have not yet turned in
their, securities.'./Extraordinary attempts
during the past years have been made to locate such owners, but a
/widespread and constant turnover in ownership as a. result of overihe-ronnter trading activity in those securities has
prevented maintenance of any accurate lists.
Thousands of such owners still holding the old securities," which have no value apart from'their exchange
value, are being urged to turn them in for cash and new securities
in order- to complete the reorganization plan as ordered by the Fed¬
holding
The
company
943
p.
,
19,420
,9,746,391
Prepaid and deferred accounts—!_•—....
Other
miscellaneous assets—.——.—
for the 12 months ended Dec, 31,
1C-47 and 1946 inadvertently appeared in the "Chronicle" of Marclv 1
under the paragraph containing the production figures of Louisville
Gas & Electric Co,
(Ky.j for the week ended Feb. 21, 1948.
See
this
of
earnings
The
following
1934
in
of
who
——
—
note payable to
for
lateral
(Del.)—Earnings—.
Electric Co.
Gas &
'
insurance and pioperty taxes—;
-"Property, plant and equipment
~
—
Due from the U. S, Govt, for the construction
of industrial plant facilities, pledged as col¬
trustee.—V. 167, p. 155.
York is
Irving Trust Co., New
lower
the
ever
$500,000.
each
$1,000,000
2,695,636
118,069
•
Prepaid
States,
Equitable Life Assurance Society of the United
and Connecticut Mutual Life Insurance Co.
the
and
Metropolitan Life Insurance
Co., $2,500,000; the Northwestern
Co.. $2,000,000; Mutual Benefit Life Insurance
Insurance
Life
Mutual
$2,082,488
,
Aetna Life Insurance
$5,000,000;
Co.
the
to finance construction.
bonds will be as follows:
negotiated
loans
Co.
permit
will
sale
the
of
Proceeds
estimated
selling
prices.———1-—
Inventories, at average cost or market, which¬
breakup
reorganization,
o(
3,329,953
receivable
shipments of sales ordms at
Unbilled
reorganization
underwent
companies
two
the former Insull utilities empire.
Under the plan
confirmed by the U. S. District Court of Delaware
on April 5;
1945. the following classes of securities were granted shares,
in the remaining assets: series A 6%
gold debentures and the 6% and
7'//
cumulative prior lien stock of the Midland Utilities Co., and the
series A $3 convertible preferred stock of the Midland United Co.
the
$1,984,306
deposits..
and demand
hand
on
Accounts
investors.
al
The
CONSOLIDATED BALANCE SHEETS
Inc., *
(Including By-Products Steel Corporation and Lukenweld,
Wholly Owned Subsidiary Companies)
Oct. 5,'46
Nov. 1,'47
Lighting Go, — Private Financing—The
company on Feb. 26 received permission from the New
York P. S. Commission to sell $12,000,000 3% 10-year
bonds series G, due Jan. 1, 1958, at par to six institution¬
Long Island
Monday, March 8,-1948
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(1046)
10
ac¬
for
Volume 167
Number 4679
'
deferred Federal
taxes, $377,943; total, $1,566,737,
51,707,200 representing claims for
refund, of
arising from carry-back
1945
and
dends
from
of
unused
accelerated
received
from
excess
amortization
English
deducted
from
income
was
taxes
Federal
profits
of
THE COMMERCIAL
credits
and
facilities.
war
tax
Cash
Nov. 1,'47
r
aqi
surrender
Accounts
jat cost)ZZZZZZZZZZ
securities
value
of
receivable
life
insurance
Directors'
Nov. 2,'46
policies
applicable
Other
in
to
and
Property, plant
Total
War
1,465,547
766,570
1,470,401
19,365
14,940,124
14,443,416
989,273
(net)
—_
______
chise
banks
to
'
Reserve
15-year 3%
2,083,666
1,953,393
7,500,000
General
reserves
•Common
Earned
542,50o
197,495
surplus
200,000
15,639,204
value
par
33,317
15,639,204
11,003,540
12,742,551
(2)
strengthening.
3,500
taxes
4,182
3,587
3,408
4,069
$339,379
*
inc.
"
18,700
$385,164
-
450,739 "V. 353,480
Realized
net
(computed
deducting
profit
the
on
$3,134
for
In
1947
basis
state
from
of
and
owned
as
compared
with
in
cost
sales
(see
of
in
_____
At
$46,999,744 $39,552,910
•Represented by 800,000 shares in 1947
-—V.
166, p. 2561.
v ;
and
400,000
shares
Dec.
this
own
of
At
in
31,
$319,661
secur¬
Sales
of
are
Montour
RR.—Earnings—
January—
Gross
Net
railway.—
railway——
from
Net
of
1946
ASSETS—Cash
1945
$302,866
$242,453
$202,876
$6,208;
dividends
63,342
97,040
65,144
46,262
owned,
at
65,441'
68,716
58,051
40,089
oper. income—
167, p. 654.
Leonard
C.
been
Dwight
securities,
who
has
360,000
been
Assistant Treasurer since 1945,
Treasurer, following the recent retirement of
Vice-President'and Treasurer, after 20 years of
Beebc,
with
the
company.—V.
167,
850.
p.
i
the
from
However, they
position as possible.
Nash-Kelvinator
CONSOLIDATED
always
are
as
near
profit
security
profits,
NOTE—The
Dec.
31,
value
-i
Net
'
.'
•
sales —
Cost
of
profit
income
—
Total
SEPT.
Net
30
ranty
Cost
15,852,822
Fed.
682,090
Net
114,366
136,173
85,666
719,000
,650,000
2,152,038
2,145,793
$4.16
$0.59
$0.58
$0.71
accrued
BALANCE
$22,681,811;
interest
U.
SHEET,
S.
SEPT.
Government
30,
lower
of
insurance,
to
insurance,
and
$330,530;
of
first-out)
other
subsidiaries,
or
market,
$553,462;
expenses,
$6,828,629;
miscellaneeus
$8,663),; $177,433;
depreciation of
cash
investments
property,
and
plant
for
reserves
$24,059,598),
goodwill, $2; total, $137,697,565.
'
$35,261,078;
and
accounts
of
<
68,981
67,233
$2,033,834
$3,102,003
$2,858,963
258,905
237,290
587,523
and
"*'■
1,219,490
798,090
$1,804,683
363,083
:i-:-"-:
V
1,611,049
$998,454
1,585,090
$903,432
$910,790
670,850
536,680
536,680
536,680
335,425
____
<* 268,340
268,340
;
$3.36
j
v
i
t-tna
'
$5.38
approximated
and
other
$3.72
268,340
.<S3 aq
$3.39
■
$3,294,578; prepaid insurance pre¬
$132,748; investment in English subsidiary
74%
owned)—not
in
full
charges,
of
facilities
emergency
$70,613;
patents
and
df
$788,643),
trademarks
Federal
and
State
payable,
re¬
(after
patents
expenses,
income
on
series
plus,
$921,27$;
(bank),
provision
$500,000;
for
31,
1949
notes
to
taxes
on
payable
Canadian
and
(after
813.
Z '":Z"V7
:
'
Z
payable
The
First
transfer
National
agent
for
Bank
the
of
Jersey
common
City
stock.—V.
New England Gas & Electric
For
of
the
week ended Feb.
14,519,885
above
Net
ry.
*
has
164,
b?en
appointed
co-
kwh.
production
$2,537,052
$2,455,456
an
This
of
for
221,098,000
after
deducting
amounted
to
a
462,233
328,495
870,126
of
205,807
/168,709
;-;Z:
143,642
464,413
:/?.
'
v
is
an
increase
kwh.
of
reports
772,582
the
for
31,
1946,
the
net
tax
oii
$28.67
was
value
asset
unrealized
taxed-under
company."
the
As
share.
The
net
asset
share.
The report
allowance has been
per
no
of
states
made
that
for
in
relieved of
federal
on
are
kwh.,
to
Feb.
of
week
27
22,658,000
cu.
ft.
for
the
investment
on
is
reported
ft.,
cu.
at
week
243,756,000
10.25%
or
corresponding
New Orleans & Northeastern
Net
to
securities
Dividends
$1.54
sold
and
dividends
receivable
and
interest
18.2%.
amounted
of
for
above
to
and
$403,117
totaling
per
interest
share,
-
.
*223,810
*82,051
♦109,060
&
Dry
Dock
WORK
:
♦275,361
Co.—Cost
PERFORMED
Wks—1946s'
1947—13
$2,628,000
1947—12 Mos—1946
$7,319,000 $15,68i;000 $32,765,000
13,034,000
7,499,000
32,701,000
14,872,000
3,338,000
1,189,000
7,087,000
4,863,000
work
_i______
__
2561.
p.
$19,000,000 $16,007,000 $55,469,000 $52,500,000
1948
Net railway
operating
Railway tax accruals
10,569,002
revenues—
facility rents
Net
Income
2,863,774
(net)__o___
Total
;
;
;___
*
Net
013,476
$3,013,801
159,444
151,366
$3,433,470
$3,165,167
;—
debt:
164,883
170,962
$3,268,587
$2,994,205
i____
income
Sinking
and
reserve
funds—appropriations-
98,505
Miscellaneous appropriations
Balance
of
167,
week
year
a
1947
railwayrailway——
oper. income—
$1,090,056
1946
ago.—V.
The
Bankers
Trust
output of this
61.932,000 kwh.,
16
Wall
St.,
New
as
State
week
with
increase
end»*d
55.897,000
of
$746,502
295,014
232,715
142,767
105,038
155,050
Feb.
paying
of
(Minn.)
28,
kwh.
The
1948f
for
167,
p.
the
944.
(& Subs.)—Earns.
1947
1946
$61,733,803
$55,912,891
25,527.996
—______L__——___
20,512,647
—1
3.824.2«0
...
5.865.000
than
2,998,598
5,300.00n
6,858.586
6,250,118
6,007,700
6,448,900
621,300
833,200
income)
taxes
income
taxes
—
operating
income
income_____
:
$13,028,959 $13,569,426
265,201
225,062
(net)
income
$13,294,161
$13,794,48°
3,631,643
3,622,572
653,424
ry.
Total
$1,235,693
333.971
is
lSHe
10.8%.—V.
___.
income
Gross
Y„
1,
•
the
compared
an
N.
March
(Del.)—Weekly Output-
for
company
York,
due
"
revenuesj
(other
Other
$861,896
p.
$2,902,630
Ry.—Bonds Being Paid—
Co.,
outstanding 4% first mortgage bonds
Washington Central Ry.—V. 167, p. 655.
Federal
1945
-
509,474
167,
______
$3,003,415
749.
all
Taxes
167,
from
-
91,575
166,667
inc'ome___
p.
0701,090
017,739
$3,274,026
■
.________Z_Ji_—.
funded
on
2,789,125
$2,326,188
_i
—
income
Interest
$5,115,313
$2,266,453
01,025,312
railway operating income____
Other
8,851,055
$5,130,227
—_.i
Railway operating income—
Equipment rents (net)_
Joint
1947
<
$15,699,229 $13,966,368
____■
Maintenance
production
income
deductions
;
Balance ___:
J
Subsidiary dividends and minority interest—__
6S4.
New York Central
$9,662,517 $10,171,916
56,205
56,205
Z
$9,606,312 $10,115,711
Net
RR.—Equipment Issue—
—
income—
Dividends:
The company has applied to the ICC for
authority to issue $12,600,000 equipment trust certificates.
Bids for the purchase of the issue
will be
received up'to noon
(EST)
March
Lexington
Ave.,
New
York
City.—V.
167,
at
p.
company's
944.
.
.
dividends
received
during
1947
compared with $385,164 in the previous year.
$2.14
per
share, including the special dividend
paid during the year.
were
.
officei?
New York
Pfd„
$5
series
(retired
Pfd., $3.60 series
Common
—V.
;
January—
Gross
Connecting RR.—Earnings—
1948
v
from
Net
railway—.from railway^-—:
Net
ry.
—V.
oper.
1947
$198,384
166,
September,
(issued August,
1946)
859,375
1946)__
990.000
371.250
5,630,222
5,600,000
.
1
—
.
2213.
p.
68,745
income—
,
,
167, p. 654.
34,913
_
45,556
98.715
135,409
:
161,944
7.
Operating
Life Insurance
Co.—Assets
this company had over $9,000,000,000 of life, insur¬
protection under 3,683,297 policies at the close of 1947, according
company's 103rd annual report released for publication March 1
by George L.
$9,063,604,614,
or
Harrison,
was
industrial life
Life
confines
its
the
President.
The
volume
largest
the
company's
insurance
business
is
to
in
included in
this
of
insurance
history.
figure,
"ordinary insurance"
as
sold
the
to
in
No
provision
for
1948
dividends
to
policyholders
is
Net
Other
705,772
/,
(other
than
income
income
New York
Total
taxes
:
—
taxes
income
income
—
.
—
deductions.—
$37,151,312
as
income.-
Dividends:
Cumulative
preferred
Common
—tV. 167,
:
.
•
■
49.
247,916
215,862
$2,377,236
$888,348
$741,589
$1,635,647
-
5%—
21.115
—
p.
$2,161,374
$1,620,041
—___
individuals.
Net
172,700
$2,260,473
$2,508.3^9
—
:
1,060,500
108,650
———_
(net)___!__—;
income
797,400
917,593
809,450
__
—
476,228
831,600
1,027.073
;
income).
operating income
Gross
1°46
$8.805,29P
3,219.501
4.0«1.973
force,
group
company's assets totalled $4,234,184,598 at Dec. 31, 1947, reflect¬
ing an increase of $207,495,318 during the year.
The assets exceeded
reserves
and other liabilities by
$231,118,724, which amount consti¬
tutes the company's surplus funds held for
general contingencies.
The
State
Subs.)—Earns.
$9.804,903
—.——
Maintenance
Federal
Increase!—
Policyholders of
ance
(&
J.
Depreciation
"
(Wis.)
1947
revenues
Operation
Taxes
New York
States Power Co.
Years Ended Dec. 31—
$210,268
$173,672
41,839
■
41,255
Northern
1945
1946
$190,591
The
from
♦179.591
and
other
Operation
ft.
cu.
to the
the
income
*11,389
recon¬
turbines
Operating
a
RR.—Earnings—
1948
from
Gross
future
distributed
,
receivable
1945
$545,805
44,075
,
January—
be
corporation
as
of
Dec.
31,
1947,
were
distributed
approximately as follows:
common
stock.
71.5%:
preferred
ftocks
10.3%; cash in banks, United States Government
obligations, amounts
accrued,
1940
$500,358
*99.060
.
5.62%
or
income
elected
tax
Dec.
computing
federal
has
income
profits
special
a
share
per
"regulated
(security
profits to the extent that such
stockholders in the year in which realized.
Assets
value
appreciation as the corporation
Internal Revenue Code as a
such it will be
p.- 851.
.
31, 1947, taking securities at market value and
dividend of 15 cents per share
payable Jan. 15, 1948,
This is equivalent to $27.23
per share on the
per
167,
Ry.—Earnings—
1947
Shipbuilding
Years Ended Dec. 31—
electric output
corresponding
10,
W"'
$9,804,440.
$1.54
states, thfe District of
Canada.—V.
,
360,000; shares of outstanding capital stock after
payment of
dividend
48
of
Month of
January—
Railway operating revenues
Railway operating expenses——.
Net
Dec.
on
the
of
-
944.
466
assets
Branch
$657,876
Northern States Power Co.
Association—Output—>
this Association
27,
13,747,303
the
increase
of
$3,371,309
555.839
National Bond & Share
Corp.—Annual Report—
Net
policy¬
138
has
now
Depreciation
output
is
p.
1945
167, p. 850.r
of
$555,810
corresponding week last year,
2056.
p.
■«,
1946
income.__
pper.
Ry.t—Earnings—
1947
$3,035,172
railway.—
railway—
from
Net
—V.
1948
from
each
Life
•
and
&
166,
totaled
ago.
This
—V.
Nashville Chattanooga & St. Louis
January—1
Gross
beneficiaries
1
1948
•
>
Electric
Net
255.
p.
the
York
Dominion
Northern States Power Co.
7
Net
167,
News
and
taxes
1953),
697,565.—V.
•
Northern Pacific
accounts
Federal
National Union Radio Corp.—Co-transfer
Agent—
Gas
1948),
$575,330;
expenses,
and
New
Norfolk & Western
Ry.—Earnings—
—V.
$3,284,869;
deducting $886,129 U. S. Treasury savings notes,
"C"), $308,442; capital stock (par $10), $3,354,250; capital sur¬
$737,935; earned surplus, $4,024,099; total, $9,896,001.—V. 165,
and
operating reserves,
to banks (due $2,000,000
annually on Jaw-.
$10,000,000; note payable to insurance
company
(due $2,000,000 annually on Sept.
30, 1954 to 1961 and $4,000,000 on
,Sept. 30, 1962), $2,000,000; reserve for five-year
warranty on refriger¬
ators, $1,510,995; capital stock (par value $5
per share), $21,705,550;
capital surplus, $6,438,441; earned
surplus, $36,503,169; total, $137,$1,220,083;
repairs
Totals
$111,526), $21,634; goodwill, $1; total, $9,896,001.
year
$23,028,156; accrued
income, $14,715,842;
th"
said, "Famil;'
higher basis than
a
amortization
(less
,
accounts
"In
report
on
market),
expenses,
LIABILITIES—Note payable
life
LIABILITIES—Notes payable to banks (instalment
due Jan. 31,
$2,000,000;
>
ship construction—
—V.
'•■■■
•
income
share-
per
which
accrued
and
of
(less
equipment
$29,737,316;
the
and
version
$2,791,731
par)
deferred
cost
in
value
com¬
to
policyholders and beneficiarier
$196,798,797.
Of
this
amount,
living
1944
$3,033,023
prepaid
investments
surrender
$857,384,000.
the
reported
Work—
Hydraulic
175,422
,___
amortization
(aggregate
(f.irst-in,
taxes
advances
serves
cost
force,"
are
STATEMENT OF COST OF
Report—
1947
securities—at
quoted market p»ce,
$31,104,350),
$31,099,637;
trade
accounts
receivable
(less
reserves
of
$120,291),
$10,933,330; accounts receivable from
subsidiaries, $94,335; inventories—
at
Hawaii
income—
Newport
of
Ship
$1,858,413
capital stock__ f;,
of capital stock
($10
p.
CONSOLIDATED
in
totalled
$81,082,401.
that
Period End. Dec. 31—
consolidated,
$93,624;
cash
sur¬
render value of life insurance
policies, $149,795; amounts recoverable
from U. 8. and Canadian
Governments (est.), $68,517; property, plant
and equipment (less
provisions for depreciation of $3,571,619, and for
postwar
ASSETS—Cash,
plant
Can.
income
miums
3,065,290
2,145,794
2,492,639
1947
1947
doing business in
'
oper.
Federal
$3,283,078
(approximately
18,037,698
3)798,529
for
for
1945
on
cost
:3_— Crl,080,000
01,245,000
2,582,274
in
♦Deficit.—V. 167, p. 654.
166, p. 2561.
Subs.)—Annual
Included
payments
railway—_
railway—
was
CONSOLIDATED BALANCE SHEET, SEPT. 30, 1947
<
; ,
ASSETS—Cash in banks and on hand, $1,159,050; marketable securi¬
ties, at cost (less reserve of $21,831, to reduce to valuation based on
market
quotations), $428,038; customers' notes and accounts receiv¬
able, $1,154,738; sundry accounts receivable, $37,738; inventories of
materials, supplies, work in process and finished goods (at average
145,692
reconversion of plants.
tAfter credit
of
$490,000 in 1944 for postwar
refund,
"(Includes $485,157 in 1946 and
$379,8'45 in 1945, being portion of reserve for reconversion
expenses
returned
to
income, equal to reconversion costs
(1946, $3,130,044;
1945, $2,234,383) included in costs for the
year, less applicable reduc¬
tion in Federal taxes
(1946, $2,644,887; 1945, $1,854,543).
UResulting
from carry-back of
(estimated) unused excess profits credit.
and
*
,410,000
Earnings per share
which
made
year
$12,276,826.
and
1946
—
Earnings
yrs.
—
•Provision
Net
450,000
paid
been
state
288,174
—
and
Divs.
835,349
944,208
taxes___
prior
for
$2,994,904
taxes
102,485
_
profit
Fed.
8,134,757
2,515,504
80,202
13,530,000
(&
1947
(net)__
equipment
'
.
89,356
1,304,405
40,878
taxes
taxes
Dividends
-
rights
inc.
of
Co.
Sept. 30—
of
Shares
1,767,932
deducts.
profits
11Recovery
Profit
1,118,638
4,341,781
646,544
ry.
f
:
quotations
$9,668,011
was
than cost.
No deduction has
this unrealized
appreciation.—V.
on
receipts
Deprec.
9,716,711
810,164
appreciation,
$16,100
of
reserve
•
639,035
deductions
Excess
V
.
1,876,409
refrigerators
depreciation
State
1944
'
..
•
war¬
contract
&
jfjj
•
9,489,355
repurchased
Other
'
2,257,842
34,928,761
income
of
•
,
2,083,939
on
for
Sundry
unrealized
on
profits
oper.
Sundry
690,083
profit
of
is
Alaska,
from
Net
New
34,238,672
-
_T___-
amount
an
by
com¬
paid
r
market
on
the
aggregated $40,227,434.
$115,716,396
from
Net
outstanding
$8,319,888.
based
in
received
January—
for
reserve
dividends
and
company
aggregated
received
died
and
access.
■:
20,224,035
____
Interest charges
Prov.
for
5-year
Prov.
tax
Years End.
1945
•,
■
and
expenses
total,
owned
more
Report—
1946
$
Operating
SOther
taxes
income
250,262,581 121,556,012 183,050,533 274,436,333
sold—__ 195,799,874
103,445,348 172,922,083 256,584,865
advertising
admin,
securities
____
goods
Selling,
r.
0$2,210,905;
of
sold
in
net
a
valuation
a
New York Ontario & Western
Gross
(Including Canadian Subsidiary)
ACCOUNT, YEARS ENDED
1947
securities
on
1947, after deducting
$1,546,452
■
■
loss
National-Standard
Corp.—Annual
INCOME
and
was
sold,
shares), $4,500,000; capital surplus, $5,025,291; surplus
income,
less
there
insurance
for
total
year
who
Columbia,
securities
increase
the
1947
$10,512,255.
Harrison reported
Offices
and
interest accrued, $30,548; securities
Government obligations, $1,600,187 and other
$8,121,560; furniture and fixtures, $1; total,
S.
.
not
always
alphabetical
alphabetical
Mr.
1947
for
in
This
years.
company's
holders
'
municipal
order.
31,
receivable
receivable
(U.
$6,521,373),
$943,602;
at
■V
NOTE—For mechanical reasons it is
possible to arrange companies in exact
DEC.
$161,572;
LIABILITIES—Dividend payable Jan. 15, 1948, $54,000;
taxes, $7,900; capital stock without par value issued and
appointed
S.
service
Clifford,
cost
SHEET
banks,
$8,319,888.
Mutual Life Insurance Co. of New
York—New Treas.—
Las
in
securities
investments in rental housing and business
to $23,249,360, and properties for the
company's
sales and life
policyholders
$471,173
BALANCE
.
1947
$253,241
ry.
*—V.
1
1948
from
the
insurance
policies paid
The
year
by private industry,
equity
life
new
previous
during
$2,017,625
1,546,452
the
1942
deducting
amounting to
,.
Decrease
funds
corporate
Policy loans &t the end of the year amounted to
$156,836,208,
pared with $156,634,001 at the close of the
previous year.
sheet
1947
for
of
change has been adopted to conform with
the customary practice
among
many
other companies.
On
a
cor¬
responding basis, sales of new life insurance in
1947 were approxi¬
mately 2%% less than the sales in 1946."
tax
1946
31,
Dec.
1946.
figure
use
in
balance
after
properties amounting
note):
Total
first time since
estate owned by
amount
;
demand
holdings
reported.
was
$386,440,704
Real
income
a
it
the
to
taxes,
(On
value
the increased
increased- its
the
costs)
average
municipal
to
pany's holdings of mortgage loans on real
estate, Mr. Harrison stated.
During 1947 the company made 11,210 new loans for
$100,325,280,
bringing the total amount of such holdings at the close of
$304,888
in¬
$403,117
For
totalled
$3,440,942,321, of which U. S. Govern¬
$2,332,049,733.
Preferred and guaranteed
$104,539,271.
aggregated
Reflecting
3,500
bonds
amounted
$276,906,413,
fran¬
t
of
bonds
stocks
1,200
surplus
ment
company
Aggregate unrealized appreciation
ities
with $41,730,229 for 1947.
The amount available for divi¬
the report explained,
was
affected by the low yields
from
investments and increased expenses due to
higher costs of
materials and wages, as well as
by the company's program of reserve
29,963
36,291
carried to profit and loss on
securities sold.
basis such profits amounted
to $379,213)
•
no
39,757
from
after
190,063
200,000
of
exps.
Fed.
securities
l.
stock
$361,119
Amer.
other
est.
NOTES—(1)
7,500,000
542,500
for replacement of
basic
"last-in, first-out"
inventories (net of taxes)—
!
Insurance reserves
;
$379,604
327,600
360,000
secur. profs.
319,661
859,720
392,400
provision has been made for Federal income
tax as the Cor¬
poration has elected to be taxed as a
"regulated investment company"
and has paid out to
stockholders during the year all of its taxable
net income and
security profits.
1,047,700
Res.
4,978
15,124
National
taxes
from
Divs.
$1,476,510
803,891
debentures
and
4,052
14,622
.
•No
2,260,437
....
property taxes, wages, etc.—
for Federal income tax
to
11
prime
Holdings
&
(1047)
dends,
*
income
Divs.
$5,030,000
.__
Accounts payable _____!
Accrued
$426,243
State
for
Net
•
$46,999,744 $39,552,910
payable
for
come
LIABILITIES—
Notes
$447,056
salaries
Fund
Prov.
19,365
—
operations
equipment
4,796
'12,165
oper.
Cross
Prov.
—
and
1,053
fees,
other
Red
547,690
13,378,545
-
1944
$341,017
16,202
on
Contributions
3,717,833
12,026,863
______
subsidiaries—
investments
oqq nn^
5i26LOOO
9,979,519
future
English
<ti
574,859
(net)
______
Investment
e:io
261,000
Inventories
Costs
1945
$360,930
bonds
rec'd
-
compared
1946
$409,281
securities.
Total income
_
U. S.
Government
Cash
in
SHEET
(Including Domestic Subsidiary)
ASSETS—
YEARS
1947
Dividends
Interest
BALANCE
CHRONICLE
$429,801
Cash dividends
divi¬
subsidiaries.
CONSOLIDATED
FINANCIAL
RESULTS FOR CALENDAR
loss
fCash
&
27.135
1,072,198
1,048,794
"THE COMMERCIAL
(1048)
12
Subs.)—Annual Report—
^tinn-push Shoe Co. (&
<? sales
Het
_
6ales„__.
Cost Ol
shgifP Ffthput iipderwritlng. Stock will -be offered, forvsubscription
by stockholders on the basis of two new sharps fpr eapb share fieldProceeds will be padded to company's general funds.f~y. 166V P. ^2563.
.
19*3
$15,766,379 $12,041,929 $10,966,419
'11,848,145
8,400,949 ,' 1,585.460
J947
Pjet- 3)-
?»»•<? £f>4*d
.
__
'
'
profit
Gelling and administrative expenses-,
$1,023,571
22,641
35,915
14,778
$869,953
$1,059,486
33,882
$1,300,390
income
Total
—
47,866
other miscell. chgs...
Interest paid &
42,000
56,000
$476,042
dividends
$476,042
50,000
50,000
$423,539
50,000
140,213
dividends
Common
Common
1946
.—
$380,775
$459,130
.
hand
banks and on
in
SI.06
1947
ASSETS—
249,513
Govt, securities (at cost)—
Accounts receivable met)-_^__
tU.
S.
148,937
as a consequence
rate may have to be
.
1,054,292
$600,679
/- 386,434
Accrued
279,743
J
Accrued compensation to employees
/Earned surplus
162,734
—
498,192
Maintenance
Payments
—w!
Total
1947
serve
,§After re¬
1946 and
flAftpr reserve'of $24/000,"—v. 165, p. 111.
-
<51,077,992 in 1947.
Federal
taxes—-./—.
—I———J——
1948—12 Mos.—1947
1948—Month—1947
.
Operating expenses _L__
1,995,509
depreciation—
Amortiz. of plant acquis.
299,685
80,560
80,560
for
adjustments
Fed.
profits taxes
——
Qross income
Int.
debtdisct.,
and expense—
deductions
income
Net
Divs.
170,038
2,023,794
379,221
6,545
Cr34,124
$740,336
$739,783
80,541
80,541
$7,269,008
966,469
stock—
•)
Balance
*
*
—
»
..
—V.
167,
655.
p.
■'
,,' y
/.
Safe
Harbor
'
cost)
'
banks
and
S. Treasury
U.
1
in
Interest
on
1946
.
...
Merrill
400,000
"666,352
March
521,742
—V,
456,714.
•>
1.02?
Ilet
income—
oper.
655.
167, p.
,
43,017
16.44&
/ /-/ •' : •.•■/
29,235 '
8,584
railway—-
from
ry.
—V.
railway—
from
Gross
Het
1947
$86,510
'debits'—
456,977
3
58,704
./
.
?
;
$5 -cum.
of
no
pfd.
stock
Refunding
mtge.
elusive of
>
company
1,
make
to
with
1950.
V.
(see
167,
Pacific
a
p.
authorized the
$80,000,000 credit agreement extending to March
Utilities
Public
California
an
group
Commission
of banks, headed
852).—V.
167,
Telephone
by
has
the American
/.;
Co.
3(4%
series
debentures
the purchase as
Invitation
for
,
due
March
1,
whole pf an issue of $75,000,000 30-year'
1978, will be received at Room 2315, 195
a
Broadway, New York, N. Y., up to
11:30
a.m.
(EST),
on
March
,7,
income
John
Other
Producing Properties—To Be Financed Priyately
paritally developed oil and gas leaseholds in Refugio county. The
company's portion of the oil and gas production from these properties
during the last quarter of i947 averaged 43,000 barrels of oil and 140,000,000 cubic feet of gas per month.
The acquisition of the Wil-Tek
Oil Corp. will add substantially to the oil and gas reserves of Pan¬
handle Producing & Refining Co., It is said.—y. 166, p. 2663.
Pennsylvania
Engineering
The directors on March
capital
Payments
April 25,
Dep.
stock,
Co.—lQ-Cent
1 declared
payable
April
a
1
dividend
to
holders
of
pf
Distribution
10 cents per
record
in 1947 were as follows; Jan. 10, an initial of
July 15, Oct. 10 and Dec. 31, 10 cents each;
pf 25 cents.—V. 166, p. 2107. >
:
share
March
25
20.
cents;
and
31 an extra
also
.
for
456,714
company
2,000
on
Feb.
27
filed
shares of capital stock
a
letter of notification with the SEC
(par $100),
to be offered
at
$100
a
credits
'
205,000
v
'
•
164,598
.
,
debt-/-—-—
757,420
•"/'
.
°Quoted market values at Dec. 31
were
73,656
"6,759,106
.
:
' 6,642,995
Pea-
underwriting group which publicly offered
a
issue of 100,000 shares of 41/2% cumula¬
tive preferred stock ($100 par).
The stock was priced
at $100 per share and accrued dividends.
The under¬
an
March 4
414%
p.m.
right to
ex¬
(EST) March 9 for/,
shares pf the new
,
preferred on a share-for-share basis,
pash adjustment of $5.11 in each case.
a
EXCHANGE
of
group
ferred
sto.ck
the
stock
pf
OFFER—Such
of
soliciting dealers who
of
holders
the
outstanding
and
26,373
company,
shares
tp
the
whom
several
underwriters -and
of thp
lawfully do so, are offering to
shares of 4V4%
cumulative pre¬
4(4% cumulative second preferred
may
24,600
of
such
underwriters
may
' 7.158
52,087
$240,653
"141,702
141,702
$3,07
outstanding—-.—
$2.07
1
share——-
BALANCE
LIABILITIES.—Payir-pnis
NOV.
SHEET,
legally
make
within
due
30, 1947
one
year
on
long-term nQtea
$168,500;
employees"
franchise,
Federal' taxes on
salaries,-wages and commissions,
balances, $354,023;
credit
*
payroll taxes, $27,516; employees' taxes withheld, $41,612;
deposits for purchase of U. S. savings bonds, $1,123; state
taxes,
income
accrued* interest,
$36,396;
etc.,
(est.).
$4,067;
$531,098; long-term notes payable to
banks! (unsecured),
remaining cost of past service annuities
under
Employees' Retirement Plan, $290,000; reserves for possible
future contingencies, etc., $407,774; common stock (320 par), $2,850,000;
earned surplus (restricted in the amount'of $10,963 representing cost
of common shares in treasury), $2,127,494; common stock in treasury
$800,002;
reserves
for
est.
(798 shares at cost), Dr$10,963;
Philadelphia
4%% cumulative preferred and 26,373 shares
change their shares prior to 3
*
materials, parts and supplies, $2,462,396; invest¬
$385,856; property, plant and equipment (incl.
during war periods), (less reserves
for deprecation and amortization of $2,228,378), $1,713,096; construc¬
tion in process, $223,554; goodwill, patents, etc., $1; deferred charges,.
$34,175; total, $8,328,519.
" //%".'"."
offering to holders of the company's 24,600
cumulative second preferred the
,
$299,898
payable to banks, $133,332; short-term notes payable to banks, $212,500;
accounts payable, trade and sundry, $354,047; customers advances and
approximately $2,082,000 and
body & Co., G. H. Walker & Cq. pnd Jiilien Cpllins & Co.
of
tt
106~277
period
common
CONSOLIDATED
;
local
shares pf
181,170
264,880
ASSETS—Carsh, $800,590; notes and accts. receivable, trade (less re¬
of $25,000), $1,581,716; products finished, semi-finished and inT
294,379
9,453,867
73,656
respectively, of which $344,550 and $391,000 were applicable
pledged under the company.'s mortgage.—V.,166, p. 2563»
are
.
$496,193
15,125
$191,499 for facilities fully amortized
Pet Milk Co.—Preferred Stock Offered-^Kidder,
writers
r.
$329,000
271,434
79,725
to securities
headed
24,950/
'
serves
—$52,799,097 $52,139,499
$2,329,000;
for
shares
505,420
$471,243
process, $1,127,134; rav/
ments and other assets,
A
9,917,426
^._—
Total
Surplus
Earnings per
205,000
166,242
215,310
————————
/
"14,696
.
:
228,017
/
218,405
53,564
——
'
891,846
824,977
_/•
liabilities——:——
depreciation
—-
1^—————^
income-/——Z———_--rr—
on
dividends
Common
>
456,714
;
.
—
retirement annuities-/—
surplus—/—!
Earned
wjth
Pennsylvania Manwfapturers' Association Fire Insur¬
ance Co., Philadelphia—Files With SEC—
The
for
V.
hut
the
,
for
on
$714,853
9,965,000
'
i—
—
ZZ
taxes
.
/>/ 42,149
Other deductions'—
10,042,000 ■ 10,143,000
249,713 ' "
268/416
—
accrued————:
accrued
premium
deferred
Reserve
Prpducing & Refining Co.—Acquires Addi¬
taxes
current* and
Unamortized
Boyce, President, announced March 2 the company had
contracted to acquire all of the outstanding stock of the Wil-Tex Oil
Corp.
for
approximately $4,000,000.
No
public
financing is
con¬
templated as panhandle is arranging an insurance company loan to
finance this acquisition.
' " "
:
s" :'
'
/
'//•••
The Wil-Tex Oil Cprp. owns producing properties in the East White
Point, Refugio and West Ranch Fields in South Texas and producing
on
9,862,00Qi
———
Other taxes accrued
Reserve
tional
1,000;
1946 "
$4,115,040 '
<-3,138,37-7
$672,703
'"Total income
% Federal
1947
4,078,570
618,633
—-—_
—
general expenses—-
Operating/-profit ■/——
Common
/_
sold—
Preferred dividends
314 % series due 1970———
Oher
16.—
167, p. 945.
Panhandle
1,000
<
$435,277
—
for
Co
" $5,369,906
il---—i--—.-
Selling, administrative and
estimated to be" retired
through
sinking
funa
1964
'./•/r!
'//F?%;
%/:
(ex-'
Diyidends declared (payable Jan. 2)—contra—'
Lohg-tprm debt estimated to be retired pr provided for through sinking fd. within one yr.
Interest accrued on long-term debt—/
Federal
V.
bonds
'
,
Bids—
Bids
duo
trust
/ Accounts payable-/——
945.
p.
Telegraph Co.
&
Trust
,*
amounts
% 2,130,896
2,130,896
coll.
and
oF provided
for
* within one year):
Pacific Gas 45 Electric Co.—Bank Loan—
The
(outstanding 21,493 shares
value)———
par
.
Other Income
LIABILITIES—Common
stqck
(pptstanding
429,848"~shares of 110 par value)!—- $10,868,312 $10,868,3d.
23,594
sales
Cost of goods
t
/ 21,333
$52,799,097 $52,139,499
'
17,653
- V'...;
-
1,000
.
.
Months Ended Nov. 30—'
6
Net
>
294,379
f
;.21,099
t
.
1945
$125,865
66.177
1Q46
$102,444
' 40,840
•
v
1,000
3,000
& Co
852.
P.
IJirkpa.trick-Pettis
3.000
Weeks
/ ./ (Including Domestic Bubsidigr-y)
/V/
j*
Oklahoma City-Ad^rA|pka |ly.—Earnings—
1948
$79,470
167,
2,500
2,500
The
Pfaudler Co.—Earnings—
130,206
—
January—
(Inc.)_
Hutton
2,500
—
'
2
Deferred
^
E.
W.
Co.
Hayden. Miller & Co——
Illinois .Co.—
5,000
&
C.
y
;; 3,ooo
& Co.
Hqjnhlower
131,252
115,712
and dividends receivable——-—
Spencer Trasjc & C.o
Folger, Nclau Inc.-——
Beane—_——
&
Hall
Harris,
4,200,476
—
JP.0Q0
Brothers
Lynch,
Pierce,/
Fenner
1,846,814
3,800,000
securities (at cost)_ii—
receivable
Shields. &
& Co.,
.Collins
Julien
1,865,842
1,764,854
—i—
12,500
3,000
Langley & Co
Central Republic Co. (Inc.)
W.
Kidder. Peabody & .Co.—
24.500
G. H, Walker & Co.——-
.
400,000
Co.—Registers With SEC—
on
,
Lehman
%% . .. % Special deposits for:
/ y- /
/
456,714
Payment nf dividends (contra)—
filed a registration statement with the
Taxes and other purposes—
J?EC covering $40,600,000 first mortgage bonds, due 1978.
i
,100,263
The names
Sinking fund (cash, deposited with trustee for
<;f the underwriters, will be detejrjnined by competitive hiding. Prpcpecls
/'■'■< redemptipp of bonds)——----/:2,066
x/ill be applied toward the retirement of 6 '!6 gold debenture bonds, due
Materials and suppljes, at
0-yergge 'post pr lpss-i
041,240
1024, prepayment of $9,500,000 of notes floated for, constructipn pur^Prepayments
—-•
>(59,997
poses, and $31,000,000 to be deposited with the corporate trustee under
; Accounts rppeiv.able—, . 757,420the mortgage securing its first mortgage bpnds,—'V,' 163, p. 2860.
company
24,500
1,824,642
hand—
No. of
Shares
Shares
3,000.000
(at cost)——
shares of'
respective
No. of
3,000,000
—i-
'
at cost or less——i-i.—--
S. Savings Bonds, Series G
Cash
$5,830,793
1947
severally and not
the company the entire 100,000
the amounts set opposite their
names:
and power development—— $39,187,937 $38,753,973
Water Power Corp. capital stock
t «Other stocks,
U.
■/v';'/:0
■.
underwriters have agreed,
UNDERWRITERS—The
jointly, to purchase from
new
preferred stock, in /
/*,*.,,*
property
(at
966,469
$4.73
$4.32 (
purposes..
'//•"-'/
ASSETS—
Plant,
$6,797,262
107,465
il,719,392
—i—.—.
:
.
Susquehanna Transmission Co. of Maryland,
a
wholly-owned subsidiary)
(Ipcl,
•;/"
$2,140,872
CONSOLIDATED BALANCE SHEET, DEC. 31
Accounts
Ohio Power
The
'"v/..
/ ;■ ; 1' /'!■ /.// .V
The company's foreign business is conducted through General Milk
Co., Inc., and General Milk Sales, Inc., in each of which the company
owns a 35(f
stock interest. General Milk Co., Inc. and its subsidiaries
mapufqeture evaporated and ^condensed milk in plants located in
foreign countries and sell such products abroad; General Milk Sales,
Inc., an association under the Export Trade Act, engages solely in -Jexport of evaporated and condensed milk from the United States.
consolidated/ sales;/. ••/
684,001
■
$1,965,267
pfd. stock—.
stock—:
%
99,908
$6,302,619
$659,243
$659,796
$2,824,873
-659,213
••
share.-„-a___L—
(
357,590
.
cum.
common
/-/^Reclassified for comparative
■
—-
$2,624,479
total
439,837
—__.
common.
2,060,793
•J31,649
6,171
_—_
on'pfd.
i
$5
on
■1
prcm.
Other
Pet Milk Sales Corp., with district offices in six major
cities throughout the United States.
Sales pf evaporated milk have
in recent years generally accounted for approximately 70%
of
$2,385,036
'
Dividends pn
$9,015,553
31,651
debt
of
,/■
$9,637,978
167,694
long-term
on
Amortiz,
4,651,264
$948,016
$945,85^
$2,271,240
through
is distributed
production
milk
evaporated
company's
subsidiary,
a
,
——i-—
—
Earrings per
756,091
'773,162
excess
992,280
2,890,566
4,901,439
*
and
income
Dividends
966,720
3,446,124
^—
General taxes —
income
Gross
The
././'
" /;'.//j'/./.
evaporated milk., 'plants.
five
892.071
20,919,162
1,635,920
272,442
Prov.
'
$37,973,564
Income d.eductlpns-,i
16,863,652
'3,368,235
3,260,249 ':{■
Net income-—
$3,693,028 $43,239,659
$4,0.94,769
revenue
?
-294,052/ /;■' 297,970/
—
of
On
the company acquired through merger/ l.b.e productive
squrces of milk supply of Van Camp Milk CoXInd.).
Through this merger , the company was able to increase its evaporatep
milk production to meet more nearly the expanded wartime jciviliap
and. government-'demands. •" The
properties thus acquired / included
573,877
.—
all
-
1; 1944
facihtips and
1,987,053
571,110
353,239
income
—
?54,495
r."
.825,207
income
income
Other
/
and butter.
The "company manufactures practically
required for its evaporated milk.
,*-* '
July
"
2J)52,332
pream
the' cans
"1925 to
originally
■; 1,016,501
19,432
;
1—
expenses
.
,
The ('company was incorporated in Delaware March 31,
acquire the assets and. business of a "predecessor", company
incorporated in 1885 as the Hejvctia .Milk Condensing Cor., one
the earliest producers of evaporated milk in the United Stales..
:a
1,091,798
—————
Other Taxes
-Earnings—
Ohio Edison Co.Period End. Jan, 31—
511,403
Water Power Corp.
customers—-li
Pa.
v
Operating
Gross
services to
Depreciation
emp)pyees pnder "Sharp tpe production Plan."
for
depreciation
and amortization of $988,755 In
to
sation
Harbpr
Safe
Other operating
of
$7,621,177
",414,174.
$7,737,475
Interchange power purchasps_„—:
securities deducted frpm provision for.Federal taxes ($325,587
and $405,905 In 1946).'
JSet aside for payment of. compen¬
tLcss
in
$4,7?P?P9?
$6,212,875
of/ice
*
1947
—/——J—.
——
to
electric
for
'vitapc
YEARS
Maryland, "a'1/,
—
...
.
.
?
/1,696,375 -* *.1,182,194
——
—
.
,\k and ice and sellmix;, fluid pther. dairy products, includingnon-fat /dry
certain milk: whole milk powder- and icp cream
- process cream'
milk solids. Certain of the company's subsidiaries are engaged' ih
the distribution of bottled'fresh milk and the-manufacture and. sglg
^
' '
.
-
'V 1946
$6,041,100
$6,438,983
Tptal revenues
77.384
1,723,224
L
~_Z:
Capital surplus
..
438,165
438,165
..
cat pnuid
CALENDAR
Interph^ngje power sales-,
1,000,000
_
FDR
FpR
Operating revenues
600,600
500,000 :
1,000,000
.5%, preferred stock (par $100)
/.„/
Common stock (par $2,50)_.——
ACCOUNT
ACPOUNT
wholly-owned subsidiary]
205,434
531,263
ppntingpnpies---'-^—
fpr
INCOME
.
/,
■
Unci. Susquehanna Transmission Co. of
under "Share
Plan"___—
Production
the
Reserve
WW01} Pt0P)?.
CONSOLIDATED
121,562
„..„i
„,l.
i
ine ycai,
49,498
53,5*8
I.—
—:
r-f
nnnorc
J
wmj ciose of
7,1000 at tho'close ox
profit Sharing apd Retire¬
Nunn-Bush
to
ment Fund
'/• 63,215
income——__-_Z/._:
tPrpvision for taxes on
Due
•
Th»
—
Accounts
;
4
HISTORY AND BUSINESS- -Company and subsidiaries are engaged
•' primarily In the manufacture and saje of evaporated milk, and also
1940.
Pennsylvania and Maryland State Public Service Commissions in
$300,000
payable
__
—_—
payable—trade creditors & otjipr^-—
wages,
salaries, taxes, ptc.~—
Note
as
r0te eases or upon a final determination of the company's
cpst studies which were filed with the Federal power ax)d the
pending
$4,770,857
.
..
J
100,000 jshs.' Common stock
(no par),
440,069 shs.
*On March 2, 1943, the common stockholders adopted amendments,
to the certificate of incorporation creating a new class of preferred
stock in the authorized amount of 150,000 shares (par $100),' issu¬
able" in series.
The directors by resolution designated 100,000 shares,
ox-such preferred stock
as, an initial series thereof to be known
.4(4% preferred stock, being the new preferred stock now offered.*
TRANSFER AGENT AND REGISTRAR—City Bank'Farmers Trust
Co., New York, is transfer agent and Bapkers Trust Co.,- r?ew - York,
is'.registrar for the new preferred stock.
vfr.-,
4(4"';
to $6,759,106 at theclose of 1947 or an increase of $116,112 over 1946.
The management
cannot forecast at this time to what extent, if any, earned surplus
might be adversely affected as an outgrowth of the issues in the
original
LIABILITIES
Outstanding
*150,000 shs.
*100,000 shs."
1,000,000 shs.
par)
stock (cumulative $100
preferred stock
.
3
present financing
to
effect
giving
Preferred
cases,-the-currept
rate
J
r
Authorized
the company amounted
surplus of
earned
The
19.309
$6/212,875
Total
of the pending
reduced.
that
dividend
i
.*
1?
-//'■'> 32,139
—1
Prepaid expenses
ever,
62,203
and
receiyable
exchange for shares of new preferred stock),
working capital to carry increased accounts
inventories.
capitalization
to
686,086
to
be
will
proceeds
net
has
company
250,000
39,597
778,706
/net)
^Property, plant and equipment (at. cpst)„
—
/Lasts, dies and patterns, trade/narks & g'dwilL-
in
balance
the
and
aries
1,445,913
tV. 8. Govt, securities (at costu
f
"550,000
surrender value pf life insurance—155,857
((Investment in other companies
underwriters
Despite.nation-wide substantial increases since 1939 In wage?, sal¬
and commodity costs, as well as in the ordinary cost of living
the individual, our current dividend rate of $4 per annum on the
common stock has remained the same. The company
anticipates how¬
633,398
Cash
applied, first to the extent
of $5,352,165 to redeem (exclusive of accrued dividends) all outstanding
shares
of 4(4%
cumulative preferred stock. and 4(4% cumulative,
second preferred stock (including the shares delivered to the several/
1933.
1,144,235
—
1,389,325
...—__.v—2,578,607
Inventories
This
L
V '
PURPOSE—The
maintained an unbroken record~ of dividend
payments to its holders of common stock from 1914 to date; the
last quarter of 1947 marking the 136th consecutive cash dividend payr.
ment. Dividends on the outstanding $5 cumulative preferred stock have
been paid with regularity since the initial issuance of the' stock in
139J73
OCT. 31
CONSOLIDATED BALANCE SHEET,
Cash
stock
Co.-«-Annual*. Report
Re Reduced—J. A.
Feb. 5 said in part:
Walls, President, on
■
-
March 9, 1948.
Water <£ Power
Dividends May
Pennsylvania
65,578
140,213
$2.43
$2.16
share
Earnings per common
stock,
,,jthe
J,",J—*1~'' i4'-'
,
40,000
$251,065
contingencies
_—
"
/
$301,065
*_
earned surplus
Balance transf'd to
' -'V"4'
y
'
•
Corp.—Registers With SEC—
Webber,
Paine,
Warns
Preferred
*
1948,
10,
preferred
on' Feb 26 filed a registration statement with the SEC
shares $2.25 preferred stock (no. par).. Underwriters,/
Jackson & Curtis and Stone & Webster.' Securities"
Corp., New York.
Proceeds will be»used to reimburse treasury --or*
expenditures and finan.ee improvements.—V. I67r p. 655; V. 162, p. 679.
548,000
————
Transf'd to reserve for
•"
to4 April
the proposed redemption date) on the 4(4% ' cumulative
stock or 4V< % cumulative seeppd preferred^
as
price to public and accrued dividends*T(t6«
case may be,
and <b) the /
'
the prppoicd date, of delivery to exchanging" stockholders; the Cjksli/
delivery to exchanging
adjustment figure „^„ted above assumes delivery of the Shares of
.ms—.v
stated
shares
new preferred stock on the date of Issue) on the new preferred stock.
The Apfil 1, 1.948 dividends on the 4(4'i cumulative' preferred stock
-A
"t„
.V,„
and
curpulative second preferred stock will be paid, in the
usual course, to hplders of record March 14; A948. )
' '
The opportunity to exchange shares of outstanding preferred
,
for the new preferred stock will terminate ar 3:00 p.m.
/EST) on
company
The company
covering
154,000
84,500
287,000
earnings
Net
301,500
$428,539
taxes
State
The
.
J'
214,012
53,000
profits tax—j.
Federal excess
/./ 121,562 /
53.548
&
_■—^———-—'
surtax
will be asked
"J
'
945/'
v.:i«7, p.
28
$10,000,000.
Pennsylvania Telephone
ing and Retirement Fund.—
for Fed. normal inc. tax
Prov.
April
on
preferred
S5.ll cash '■«'* ')
at: New
(a)
the
JPr °"e ^are 'Broad wav: New York 15. ,N; Y. ',//.« V
of hew preferred stock plus
Trust m
Trust Co., 100 Brppdway, New York
JQ0
between
Such
cash
adjustment represents the difference
redemption price and accrued dividends (from ApriL 1, 1948
27,313
Profit Shar¬
Contrib. to Nunn-Bush
cumulative secqnd
share pf 4,/f%-
pne
or
Vork
York
to-increase, the" author¬
plans to borrow
$3,000,000 under a loan agreement, with a possible provision for an
additional 82,000,000.
It is expected that the'rate would be 3'/
fo.
3(4'I, payable within 15 years and would place no/restrictions "qn
surplus limiting dividends on
the prelerred and common stocks.—
stockholders
indebtedness I to
ized
$1,285,612
$847,312
._//
Balance
Other
prexermt stopje
Debt—
Pennsylvania, Salt Manpfacturing Co.—To Incr.
The
$3,380,959
2,095,347
2,617.409:
$3,640,980
$3,918,234
3,070,922
sales
on
new
xr>
i
Gross
for shares of the
of 4(4V cumulative
such offer; an opportunity .to .exchange such shares*
preiei red_ stock on the basis of one share
t
X'
March' 8,. 1948
Monday
CHRONICLE ':
FINANCIAL
&
The
week
electric
V.
output
ended Feb.
3,997,000
167,
p.
kwh.,
28,
or
this
stockholders
subsidiaries for the
kwh., an increase of^-w
the corresponding week last year.—7 *
'
'
'•, ' ' *■
company
and
its
1948 amounted to 147,807,000
2.8%,
over
945.
Phillips-Jones
The
of
total, $8,328,519.—V. 166, p. 1894.
Co.—Weekly Output—
Electric
Corp.—Plans Stock Split-up—
will
vote
March
25 <on
approving
a
tentative
proposal which would authorize but not direct the board of directors
to
effectuate
a
split-up of the common stock on a three-for-one
basis within six months after
the date of the
meeting.—V. 166, p. 2664.
Volume
167
Number 4679
THE COMMERCIAL
Pioneer Service & Engineering Co.—Weekly
Output—
Electric
for
the
pared
output
week
increase
of
the
ended
operating
companies
served
this
Railway &
company
The
Feb.
28, 1948, totaled 245,642,000 kwh., as com¬
219,559,000 kwh. for the corresponding week last year, an
ll.97t.-V. 167, p. 945.
,*
with
of
Per
January—
Net
railway—i
railway
from
Net
ry.
—V.
1948
from
1946
common
$116,358
77,618
71,331
49,322
30,266
60,395
54,931
39,759
167, p. 655.
trust
'3V4%
values
asset
bond—.—
John
company's
out¬
phone
.—
$2,544.95
152.28
25.38
25.57
INCOME
OF
YEARS
ENDED
OCT.
"Net -profit
Earns,
21,357
Expenses
.
Int.
amort,
of
and
discount
exp.
71,294
bonds
on
$492,665
that
of
its
p.
167,
the
board
extensive
135,789
for
depreciation
the
same
Pittsburgh & West Virginia Ry.—Earnings
Gross
Net
"
lrorn
ry.
-V.
1946
...$654,422
$496,734
$341,892
$629,595
206.555
121,169
12,947
income..
134,593
88,520
18,402
on
4%
197,804
income—.
Dividend
on
ASSETS—Cash
Public
Service
Co.
of
Period End. Jan. 31—revenues
New
1948—Month—1947
$1,161,789
_
generation
and
purchased power 1
Other operations
Maintenance
Taxes.
depreciat
other
eral
than
income
1948—12 Mos.—1947
$1,052,131
$11,996,527
1,401,240
578,300
$178,076
nine
months
all
period
1946,
copper
ended
have
nor
$797,700
$735,043
$1.94
$1.64
$0.65
charges, including Federal^ taxes.
include
not
'
"
Dec.
there
31,
been
profit amounting to $85,576
1947 and $112,862 for the
deducted
$81,100
Dr 1 092
Drl.085
$2,819,093
52,425
33 378
501,946
last
Dec.
$208,150
$1,738,957
filed
an
28,560
28,560
341,700
$94,996
$0,136
$1,397,257
its
the
of
Guy
(net)————_
L.
plan.
Fake
Net
earnings of the corporation
equivalent to $1.-12 per share of
in
dends
in
support
A
of
its
increase
the
As
The
Dec.
RCA
of
declared
of
from
1947
167,
amounted
stock.
{
ten
total
table
and
of
end
Jan.
27,
1948,
representing
4.9%.'
average
the
over
annual
an
^•' :V
compilation
ten-year
of
average
period of
profit
"
additions
equipment
search
and
The
other
total
capital
of
additions,
surplus at
stock
From
$11,459,711
over
INCOME
ENDED
DEC.
1947
'.i—
of
and
goods sold,
devel.
oper.,
sell.
&
expenses
&
„
Amortization of patents
Interest
Balance
before
Provision
for
■"
ad-
,
and
excess
SHEET,
NOV.
1,
of
rights
(after
Net
State
.■
$10
taxes—10,546,000
surplus,
depreciation
for
reserves
total,
■■
»
Cr
Dec.
The
the
income
Earned
_
surplus
at
—_
166,000
beginning
of
year
surplus
Dividends on 1st
Dividends
on
—
•
_
preferred
common
stock
stock———_____„'
72,868,600
six
of
The
Earned
surplus
per
at
end
of
year
"Totaling $436,978 for
1947
69,765
$3,899,921
1,526,586
$3,356,206
1,216,833
648,939
610,075
67,804
$1,889,962
$1,695,456
$1,504,577
*
banks
and
tax anticipation
bonds, at cost
accounts
recovery of
Inventories
Accounts
*
•.
.-
hand
on
U., S.
and
notes
* ,r
and
and
receivable
in
from
foreign
subsidiaries—
foreign companies
(net)—_______
Patents
equipment
and
patent
charges
rights
(net|_
__—_—
3.432,105
35.277,618
3,108,000
61.564,070
_
Deferred
-
taxes—
—
__
Accounts
payable
Provision
for
Preferred
Common
dividend
dividend
for
________
accruals—______________
income
taxes
3,096,197
4,876,308
59,139,797
6,611,261
2,657,286
Dec.
six
order
In
to
with
22
the
for
int.
1
oil
and
June
with
the
months
"S3.50 cumul.
1st
stock
surplus
Total
"Represented by 900,824 shares,
no par.—V. 167, p.
750.
shares,
no
par.
funds
banks.
the
for
borrowed
was
Dec.
31,
the
under
gas
ended
Dec.
31,
During
amounted
1947
);
acreage.
"
STATEMENT
development
Gross
taxes
"'
OF
thp
'
'
'
:
Oil
to
to
$5
that
National
Southern
mature
Pacific
of
a
of
is
this
12
dividend
being
City
share
one
share
ex
of
Salt
on
March
distribution
a
of
common
Dome
of
of
held.
common
July
1
quoted
trust
on
cer¬
Tiuelands
The
Salt
March
on
the
paid,
•,•
was
voting
stock
New
notes
$2 240,009
being
8
on
mace
of
These
to
July 1, 1948 to
$2,260,000.—V. 167, p, 750.
corporation
Exchange
per
made
semi-annually
to
act
$5
April
been
the
also
are
"to
of
common
has
payment
Bank
Co.
24
payable
Corp.—Stock Distribution—
of
Curb
on
holders
preferred
dividend
become
share
per
announced
March
initial
would
Oil
Dome
lor dis¬
11,
RR.—Earnings—
"
,
1948
1947
1946
from
ry.
oper.
167,
1945'
railway_A_ $11,773,604 $11,102,411 $10,134,859
$11,993,728
railway—2,697,404
2,660.316
3,071,096
4,454,8?3
income—
1,209,545
751,•
p.
1,145,164
1,734,411
1,787,741
.
ASSETS
asset
•
share,
to
while
$24.27
v.
AND
,'V'
"V."-
the convertible
share.
a
V
.
INCOME
'47
$6,000,000
424,910
339,502
63,243
—r_—_
to
fiscal
ended
year
and
$2
i
;
81,113
——
reserves___r_:_'_t_--->u,—__
value
(par
107,191
.'
160,000
34,849
166,853
share)_______
2,901,758
843,624
1,450,886
2,294,678
——
per
9,306,079
.7,996,287
$20,702,171 $18,468,800
for
$7,957,699
depletion
at
June
depreciation
30.—V.
167,
p.
of
$8,520,003
at
656.
3,685,040
Net
January—
5,441,301
Net'ry.
14,574,441
27,762,032
65,558,754
27,762,032
54,099,043
189,626,247
Gross
1948
oper.
—V. 167, p.
'
1945
$2,434,800
995,201
1,363,326
308,322
-
208,504
456,128
'
•
Rochester Telephone Co.—Omits Common Dividend—
The
directors,
the
quarterly
common
quarter
It
was
dividend
stock.
to
announced
and
ordinarily
Distributions
including
Feb.
on
of
Jan.
28,
payable
20
4,
on
cents
1948.
have
or
each
taken
about
had
no
April
been
action
1
on
made
$142.73
a
changed from $28.12
coverage
CALENDAR
YEARS
$2,098,002
$1,730,137
185,711
179,864
158,901
160,771
198,375
178,626
138,032
138,017
23,235
15,938
21,636
34,776
$1,723,574
$1,411,567
slock—
$1,341,190
1,325.529
1,325,529
1.325,529
1,325,725
stoik—
636,475
381,885
106,079
—
•
than
inc.)
income
Divs.
$5.50
pfd.
Divs,
$1.50
pfd.
Net
profit
on
investments
tThe
sale
1945
1944
$1,674,755
of
319,791
corporation has elected
to
1,966,092
be
company and as such should have
income tax for the year in respect of
BALANCE
SHEET
taxed
no
the
2,263,325
as
investment
liability
for Federal
net income,
3Net loss.
above
DEC. 31,
%2,129,487
regulated
a
material
1947
ASSETS—Cash
in banks, $563,024; investments in U. S.
Government
securities—at cost, $602,719; investments in other securities (at
cos:),
$34,213,070; dividends and interest receivable, $190,799; special deposits
for dividends,
$455,023; total, $36,024,634.
'
i
LIABILITIES—Interest
due
for
$5.50
securities
etc.,
940;
accrued
and
dividends
payable,
$504,599;
loaned
against cash, $251,600; reserves for expenses,
2%% debentures, due April l, 1961, $6,900,000:
prior stock ($25 par), $6,025,000; $1.50 cumulative
$46,241;
cumulative
surplus,
($5
par), $2,121,585;
$18,118,669;
total,
common
stock
$36,024,634.—V.
(SI
166,
p.
part,
2564.
$2,056,t
Servel, Inc.—Annual Report—Louis Ruthenburg, Pres¬
ident, said in part:
Sales
but
for
net
value
of
than
275,638
FOR
equivalent
prior ,stodc
to
1946
:.
-
$2,958,867
724,378
'
income—_
656.
1946
$2,217,795
682,975
railway——
railway—_L'
1947
$2,352,265
from
from
asset
$149.51
$2,297,334
convertible stock
and
Richmond Fredericksburg & Potomac
RR.—Earnings
2.77L337
STATEMENT
________
expenses
(other
Net
88,263
$7,000,000
_2——
-
provision
and
stock
from
year
$1,890,013
income
tTax.
,
the
1947
Total
taxes,
31
during
_
LIABILITIES
A'.'. •>.'%
..
surplus
"After
changed
coverage
General
768,308
surplus
stock
Inc.—Annual Report—
Dec.
31,
1947, the net assets of corporation were
to $5,985 per $1,000 of debentures.
On the same basis the
,
$18,599,717 $16,803,415
1947——
Earned
each
meet
declaration
of
Chase
Selected Industries,
program,
808,815
applicable
Capital
the
would
of^an
The
and amounts
each
from
—V.
company's existing
period 40 wells were
hand____—____:_.___——
on
2%
4,954,517
2,983,540
13,881,016
to
representing
for
Net
to
955,106
liabilities
30,000!000
by
The
stock
York
January—
the
the
payable
49}4M,153
on
5.
Seaboard Air Line
ended
for
...'."102,819
Other
Dec.
tRepresented
$867,415
gssets________—1,044,529
Capital
216,195,964
2—,
________
-
Dec. 31, '47 June 30,
1,564.632
14.574,441
preferred stock
months
acquisition and development of
ended
expenses
30,
3,681,094
—.
six
depletion and depre¬
months
r—
loans,
Income
788,200
22
pavment
Corp. will take a record of its stockholders
tribution purposes.—V.
167, p. 946.
$20,702,171 $18,468,800
Accounts
36,000,000
Vz %)
it
Oil
is
March
first
v
the
with
six
It
payable
the
This
payment
These
common
Corp.
liability
gas wells, 10
including 6 partnership wells
including 2 partnership wells were dry holes.
additions -were made
to the
company's holdings of pro¬
current
4,157,046
rate
tax
1948.
for
assets
5.441,301
f
to
inclusively,
New
cn
share
per
At
35,835,330
768,200
payable
notes
April
8
in banks and
Bank
14,669,523
that
stock."
directors
notes
Said.
tificates
were
and
3,471,308
38,694,476
be
$5
the Mississippi
Valley Trust Co. of St. Louis.
semi-annually through July 1, 1952, amount
serial
The
the
1946.
31.
provide
$1,000,000
wells
Accrued
216,195,964 189,626,247
stock
will
of
.
the
the
Salt Dome
$1.04
basis,
income
expenses,
compared
as
$811,295
in connection
LIABILITIES—
55,842,929
19.538,620
_
paytb'e
contingencies—:
reserve
tCommon
and
Federal
Revolving credit
Earned
division
fotal
•
LIABILITIES—
General
the
1955,
company
intangible costs
Statutory
a
Total
Total
Reserve
on
and
June 30,
on
the
purposes
ASSETS—
29,524,845
251,912
$608,906
$640,000, respectively.
directors
The
dividend
a
stock.
notes
and
Net
"Properties
Other
•
2,788,967
39,746,475
prof,
tax
gas
$1.17
Jncome taxes.
depletion
year
preferred
the, declaration
record
addition,
of
declared
announced
of
until
preferred
full
York
1946
Government
exc.
for
deductions
$834,299-
ended
which
of
oil
Cash
35,715,603
<net)_
fiscal
of
2
This
common
Interest
DEC.-31
^
(
—
and
receivable
prior years'
■
,
—
Investments
and
AT
.
,
$5,858,505 for 1946.
1947
ASSETS—
in
and
BALANCE SHEETS
170,756
$818,187
1930.
also
the
on
15.
since
holders
50,284
March
on
mutter
maturing
'7'
agreement
spective
$0.56
26,577
$860,818
income—
grdss
584,512
68,224
,
income
these
natural
during -the
Substantial
54,099,043
14,111
$988,943
March
prohibited
in
42,150
1,746,956
indicated
for
to
months
months
drilled,
Other
CONSOLIDATED
.A
65,558,754
•___
$834,241
Stock—Pays Bank Loans—
to
2,771,337
—$1.12
share
common
187,229
$974,832
_i—
i
board
the
.share
1,770,928
royalties, operating
CONSOLIDATED
Earned
210,407
income
non-cumulative
record
on
$1,543,128
2,181,043
$4,354,081
—
computes
the
after
additional
loan
3,152,800
$1,021,470
income
from
stockholders
earnings
$2,457,288.
60,023,18'0
3,152,800
4,157,046
and
amounted
properties
10,985,053
49,038,127
47,317
$1,185,239
income—__________
after
were
Total
is
estimate
Expenditures
1,796,000
18,769,557
54,093,043
_______
36,259
income
oper.
operating
directors
5%
of
of the oil division for the Six months ended Dec, 31,
royalties, operating expenses, charges for non-productive
development, depletion and depreciation amounted to $1,123,885, as
compared with $895,779 for the previous six months and $743,529 for
an
Net
ry.
income
In
—I——$1.30
Vv '7
The
$974,153
income__—J
income
Common
the
$1,649,113
—
expense-
deduction
six
153,607
Resumes Preferred Dividend—To
Pay Initial of $5
of
31, '41 June 30, '47 Dec. 31, *46
2,763,234-
'
wells
85,013
439,087
$1,148,980
income_
operating
railway
Net
•"
$1,514,$15
—
J—
estimate
a
1946.
1947
3,108,000
$1,651,865
68,987
595,416
161,542
operating
Deductions
$29,843,912.
.
.
76,332*
debt
1947
previous
4,673,300
Estd. recovery of prior
years' excess profits tax " v';/'" l
"Portion of exos. incurred for
postwar reeonv._
'
$1,974,925
operations,
taxes
from
Gross
per.*share), $9,000,000; paid-in surplus,
$7,468,385;
total,
$29,843,912.—V.
165,
revenues-—
earnings
31,
ciation
the
2,483,474
taxes—
Non-Operating
(including
depict, and depreciation—
and
as
The
14,346,353
$4,135,333
2,977,416
.
1947
charges, $119,405;
payable,
value
:
drilling
Dec.
230,971
29,481,557
income
1947
$4,952,341
—
profits
accounts
receivable
(after reserve for
$50,000), $6,664,331; inventories, $3,108,212; Fed¬
refundable, $771,199; cash surrender value of life
before the close of the
/
,
529,801
taxes
Federal
.
_i_
expenses
railway operating
Deduct,
refundable
glncluding
'
Total
$2,7167753;
(par
impractical to
279,331,274 219,160.007"
3,530,940
2,243,439
1,150,000
1 000 000
_____
patent
/>
for
claims
31
$
1948
revenues—
of
;
NOTE—No
314,023,572 236,980,770
_
Depreciation
•
inventories,
...
Earnings per share
312,678,183 236.1*5,728
1,345,389
835,042
dividends
income..—
gross
ministrative
Plant
tFederal
deducting $445,873
of
Net income before income taxes_i
1^46
■
t
operations
Total
Estd.
$167,000.
of
tAfter
revenues
Interest
amounted
STATEMENT/ YEARS
Other income, incl, interest
Notes
credit
income
railway
The
31,
^
f
$2.39
revenues
Expenses
■
i
$1.39
sales revenues
gas
Total
in¬
to
$16,594,889.
1947', amounted to $65,558,754,
earned surplus at the end of
1946.
Dec.
'
Cash
$2.30
'
taxes
production
Prov.
Gross Income—
'::
700,000
"■
Other
During
was
Ry.—Earnings—
January—> '
is
Oil
improvements during 1947 in plant facilities
manufacturing, broadcasting, communications, re¬
earned
increase
Cost
900,000
Other
Republic Natural Gas Co.- -Earnings-
and
for
CONSOLIDATED
r; ;
900,000
'/
accounts
income
Natural
and
$29,096,259 to common stockholders.
period the net worth of the corporation
$48,032,451 and now is $113,336,528.
on
Railway
150,000
replacement
342.
taxes
552.
p.
Southwestern
Federal
962,504
$3.27
to
Other
1,821,667
92,916
—-—
6 Months Ended—
•
Louis
Federal
*
11.1%
after
ten-year
by
Capital
an
1,347,575
979,990
refundable.
due
,503,000
900,000
postwar
years
years
$4,888,811;*.. earned
p.
167,
Net revenue from
railway
State, county and city taxes
stockholders
same
creased
and
prior
common
During the ten-year period, dividends paid to
stockholders amounted
total to $60,986,862.
Of this amount $31,890,603 was
paid to pre¬
this
reducing
of
prior
that
by
shows
1947.—V.
Month
054,000
1,260,000,
share-—.
for
§306,200
2,065,885
______
per
Earnings
RCA
achieved
S.
Railway operating
Railway operating
payrolls),
$2,041,813;
provision for dividend payable Nov. 14, 1947, $315,000; provision for
income taxes and social security, property and sundry taxes, $2,325,903;
notes payable serially from June,1948 to June 1, 1962, $3,750,000;
contract with City of Waterloo (payable $4,500 per annum), $54,000;
of:
averages
taxes represents an annual
of
the gross income and
ferred
2,945,722
—
LIABILITIES—Accounts
^
40,282,
22,
St.
168,718
|Cr847,892
property, plant and equipment
$4,443;439), $10,273,721; deferred
of
1946.
results
This
year.
on
)
Feb.
divi¬
stock
U.
ended Feb. 21,
1948, there were 2,382 stores ia.
(including 2,241 in the United States), as
compared
with
including 2,300 in the United States) in the four weeks ended
■2,441
insurance, $183,291; investment in stock of another corporation, $5,000;
.»
numbered
financial
bv
paid
28', '44
.
eral
share,
a
in
8 Weeks Ended
Feb. 21, '48
Feb. 22, '47
—$99,509,974 $80,050,805 $193,675,073 $155,836,030
only—
93,649,606
75,308,836
182,220,316
146,4>86,9C6
sales
118 912,454
119,827
§1,410,000
(par $10)
com.
doubtful
.
cents
common
19,• 1947.
the
at
of
years—year
annual
Dec.
personnel
the
a
Total
Higher—
Feb. 22, '47
operation
with
preferred
30
-Sales 24%
4 Weeks Ended
,
$1,584,127
..
dividends
ASSETS—Cash,
>
the
on
1947,
of
to
"70,660
137.
-Feb. 21, '48
98,735,797 113, 824,678
569,432
540,391
profits tax———
.inconie taxes.
$18,769,557,
137, p.
Safeway Stores, Inc.
500.000
tax_
inc.
profit
taxes
;
473.
$214,613,913 gross income, $23,809,316
profit. before Federal income
taxes,
$13,276,255 Federal income
taxes; net profit after income taxes of
$10,533,061.
The profit before
of
employees'
annuity .ben.
Fed.
"After
for
"75,286
income
oper.
Period—
paid
stk.
has
will
100,230,939
120,046
Shs.
cor-
compares
ry.
"46,463
$54,167;
Oct
Nov. 3, '45
570,417
88,439
dividends—1,575,000
net
in
for
Net
order
plan
p.
to
This
share
a
payment
of
as
RCA
over
cents
Dec.- 5,
on
record
1947,
698
20
dividend
contains
past
has
total
31,
report
the
dividend
a
was
increase
an
for
in
to
holders
of
the
on
19.—V.
1946, when earnings after payment
'equivalent to 56 cents per share.
$4,157,046,
to
hearing,
in
w,exe
An
Net
1947
$131,565
"46,002
increase
Preierred
common
amounting
Nov. 2, '46
Common
March
on
premiums
retirem't
Prov.
Corp. of America—Annual Report—
$10,985,053
bonds,
exps.j incl.. inter.,
Excess
decision
1948
$127,596
.
__
sell., del.,
BALANCE
Radio
-
Judge
January—
Gross from railway^
Net from
railway
During the four weeks
96,168,833
Special
.^.v"
released
and other inc.
sales,
etc.
$2.50
.
1, '4.7
and admin, exps. 200,011,500
Dcprcp. and obsolescence
665,630
$1,747,035
$2.00
$0,257
and, enforcement
trust
100,335,181
of
to
$179 590
share
30,
hefore
re¬
"Deficit.—V.
collateral
on
gsn.
433,948
Newark
held
Dividends
bonds, $48,699; Receiv¬
$9,215,917.
accrued
Nov.
Other
and
approval
be
Sacramento Northern
Ry.—Earnings—
$294,674;
on
205,795,418
$2,180,933
approving the plan for the dissolution of the
reorganization of its subsidiary companies.
The SEC
application in
the
Federal
District
Court
in
poration
total,
$94,000
163,140
Packing Co.—Annual Report-
sales
Net
638,115
$123,556
March
on
109,106
1947
$
12,725
$2,240,903
Public Service Corp. of N. J.- -SEC
Approves DissoluSEC
$46,792;
$2,806,373
tion—Jn
of
31,
deposits,
receivable
and
for
Rath
Cost
requ.re.
com.
$2,241,988
$24 j,528
$175,981'
—_
per
interest
Fiscal Year Ended—
$247,620
Dr2.095
>
banks—demand
Accrued
ard
•
OCT.
Sales
1,057,600
167, p. 946. y,::;.sv.
The
AT
1,252,246
101,600
_
Balance
Earned
—V.
108,346
47,000
__
div.
920,057
121.640
'.
income.
stock
982,708
Fed¬
deductions
Net
AS
taxes, $1,789; accrued expenses, $4,653; collateral trust
3V'4% bonds, 12th series, due Dec. 1, 1955, $4,000,000; 4% cumulative
convertible preierred .($50 par), $2,039,250; common stock
($10 par),
$1,631,400; capital surplus, $515,047; earned surplus, $969,612;
total,
$3,215,917.—V.
167, p. 231.
632,504
82,266
bonds,
provision
2,634,784
741,801
90,189
income
in
$3,585;
LIABILITIES—Interest
1,699,843
3,029,455
47.833
on_
operating income
Non-oper. income, -net-
Pfd.
3,021,035
266,417
61.867
Net
Total
193,044
286,655
income
on
trust
$11,003,407
376,362
____
Federal taxes
Gross
SHEET
able for investments sold, $24,555;. investments in marketable securities,
at
cost, $8,791,612; Unamortized
discount and expense on collateral
Hampshire—Earnings-
Steam
lor
81,570
195,768
stock—....—_________
common
BALANCE
ceivable,
Prov.
486,281
——
con¬
extraordinary moving expenses incurred during the two
periods
respectively, against which a reserve was provided in
prior yeanr.
These excluded items as stated
are
net after adjusting for
applicab.e
income taxes.—V. 166,
p.-1997.
$279,302
—
656.
p.
Operating
$282,140
securities-.223,517
pfd. stock———
conv.
226,784
oper.
167,
investment
gain -from ■sales ;Of
DiV;
1945
railway
railway—
from
'
Net
Net
Net
1947
1948
to
construction
1947—4) Mos.—1946
$264,134
$0.59
and
figures do
period in
$243,437
for
January—
desired
474.
1947—3 Mos.—1946
:
share—
conr.
The above
77,574
135,789
—
and
stated
view
Corp.—Earnings—
—
per
"After
1946
$489,222
—
in
Period End. Dec. 31—
31
1947
income—_
cash
program.—V.
Rome Cable
$2,552.65
152.52
—'———
—
investment
Morrison, President,
company's
conversion
13
1946
.
Total
W.
the
serve
the
of
share, $50 par—
pfd.
share
STATEMENT
$143,260
(1049)
,
cumulative conv,
1945
$187,793
income
oper.
1947
$234,801
the
!947
collateral
4%
Per
CHRONICLE
Securities Co.—Report—
shows
31—
Per
Gross
table
securities:
October
Pittsburg & Shawmut RR.—Earnings—
Light
following
standing
& "FINANCIAL
for
the
past
year
earnings
were
sales
1947
for
1944,
and
were
below
was
the
the
59%
largest in the
level
greater
of
prewar
than
for
companies's
years.
1946
history,
The
dollar
slightly higher
100%
greater than for 1941.
This increased sales
volume
was
due, in- part,
to
higher prices received for all Servel
products; however, there was also a substantial gain in the
of
quantities
products
The
sold.
program
of
plant
expansion
and
improvement, begun in 1945,
was practically
completed in 1947.
During the fiscal year just ended,
$3,407,520 was spent for new
buildings, machinery and equipment,
and $2,319,815 for special tools, dies,
jigs and fixtures. These expencJ-
14
tures
brought
three
the
-
•<
$ 12,000,000. - ■
than
more
■.
fetruct.on.—V.. 167,
Maintenance
sales
Net
——
—
-
—:
sales
Cost of
—
Years Ended Oct. 31—
Sales,
V
•
■'
General
profit
Gross
$5,189,677
3,048,066
$9,827,843
———
and service expenses—4,822,013
Administrative and general expenses—.
.—..
1,146,456
selling
Depreciation
1,019,024
income
Other
:
.
Total
,
for Federal
—
...
Total
—$3,966,491 $1,613,940
—
92,850
64,675
1,536,000
565,000
—Cr450,000
-
deductions
Prov.
•TranSier
137,535
—
___
$4,106,084
27,266
160,266
1,612,000
127,650
debentures...
on
declared
Divs.
—_—
$2,178,902
911,006
:
(at
G
$4.18
reconversion
,
M
of
i
'
*
31,
OCT.
AT
SHEET
BALANCE
Consolidated net earnings
NOTE—Accounts
of
$904,801;
sundry
accrued
U. S. Savings bonds,
'
taxes
'
ASSETS—
^Accounts receivable
and
Investments
March
on
Federal
Federal
basis
tion
to
first
work,
working
and
capital
3,281,200
520,575
3,935,812
2,986,632
3,198 400
520,575
3,935,812
4,254,528
■
$16,269,739 $13,815,504
Canada
of which $497,130
(1947) and $641,310 (1946) represented net current assets, included at
the quoted free rate of exchange at Oct. 31, 1947 and 1946.
Property,
plant and equipment are included at the free rate of exchange at date
of
$739,963
and $874,467
(1947)
(1946),
* ?
acquisition.—V. 166, p. 1259.
Sperti Foods, Inc., Hoboken, N. X—Files With SEC—
259,909
233,621
303,099
Prov.
for
estd.
Federal
income
income
535,068
366,634
taxes
389,662
;
income
be
26 filed
Feb.
on
notification
letter of
a
with
cumulative convertible preferred stock,
offered
at
Underwriters
par.
the BEC
($10 par).
White,
are
$1,492,496
310,997
$1,240,677
from
Net
ry.
148,205
$153,794
39,242
10,996
$153,620
31,360
7,161
railway-—
railway
income—_
oper.
1945
$181,565
68,714
23,590
••
.
"•
.
■
...•••
Fire
•• •
■■■:
w
•
Insurance
•••••.. •.
..
—V.
—
per
Co.—Promotions—
Vice-President and
p.
B.
Brainard,
Arthur S.
Collins,
Feb.
on
Mr.
Roberts
who
a
who
appointed
from
in
labor
this
Secretary,
that
and
post
appointed
counsel,
January,
since
1945,
relations
succeeding Charles
general counsel
of
on
stock
common
stock
March
from
will
25
dividend.—V.
Stock Dividend Proposed
consider
shares
500.900
167,
to
947.
p.
has been associated
Assistant
Counsel,
agreements.—V. 166,
as
contractual
and
Smith Corp.—100%
stockholders
1007o
also
was
corporation
(A. O.)
The
ized
has been
resigned
Roberts,
specializing
p. 2564.
Oil
Co.
increasing
1,000,000
the
shares
author¬
effect
to
Counties
Gas
of
Feb.
26
underwriters, will
will
ceeds
be
used
to
.ncluding construction
filed
through
March
in
debentures
from
Net
from
Net
ry.
1948
competitive
for
1947
167,
1945
6,996.218
11.015 218
2,973,227
2,953,189
.
Ry—Earnings1948
'
1947
1946
and
1948
are
due
(Ky.)—To Vote
on
Debt Limits—
1948
earnings
$6,127,533
947.
1947
Corp.—New
Hurley,
E.
Hurley,
N,
Chairman—50-Cent Dividend— %
director of the corporation since 1927, has
of
the board
Jan. 1 to Feb. 21
1948
1947
$5,926,768 $45,521,839 $42,589,961
to succeed his brother,
the late
who died on Feb. 25.
Raymond J. Hurley is also a
Independent Pneumatic Tool Co., the Consolidated
both of Chicago, and the Lustron Corp. of Columbus,
the
director
of
Cement
Co.
Ohio.
a
Chairman
elected
v
directors
declared
2
March
on
a
dividend
of
50
cents
10 to stockholders of record March 31.
a 10%
stock dividend were paid on
payable April
per
A cash
Jan. 10,
last, while in 1947, cash distributions of 25 cents each were made
on
July 17 and Oct. 15.—V. 167, p. 476.
of
cents
50
and
Water Associated Oil
charter
the
repeal the provisions of debt limitation.—V. 165, p. 3059.
stockholders
March
on
18
will
Staten Island Rapid Transit
from
from
Net
ry.
railway
*75,064
income
♦Deficit.—V. 167, p.
vote
on
amending
Feb. 26 declared am extra dividend of 30 cents
the common stock, payable April 1 to holders of record
The regular quarterly dividend of like amount was
directors, on
share
per
March
on
1948.
18.
March 1 to holders of record Feb. 10. In 1947,
were made: March 1, June 2 and Sept. 2,
1, 30 cents. The usual quarterly dividend
of 93 % cents per share on the $3.75 cumulative preferred stock was
also declared, payable April 1 to holders of record March 18.
paid
this issue
on
cents
25
each,
has
and
Hunt
Mr.
President
Vice
Brigham have been elected direc¬
a number of companies and
Mr. Brigham,
of
the
Bank of San
a director and Vice President of the San Francisco
has
identified
been
is
Francisco,
Chamber
Dec.
Hunt and
C.
Harry
tors.
a
on
following distributions
the
of
Richard D.
been
with
director I of
a
oil industry since 1922.
Anglo California
National
the
also
Commerce.—V.
167,
1945
$478,385
152,270
67,857
1946
$250,095
3.053
*53,493
1947
$276,091
10.126
*51,965
'T -
692.
dent
directing
the
refining
company's
and
sales
division.—V.
167,
.Jvfv'.
947.
Feb. 24
on
filed
a
Engineering & Manufacturing Co., Dallas, Tex.
Texas
The
$6
directors
each
of
for
quarter
Feb. 26 declared a
on account of accumulations, payable March
record Feb. 26.
This payment covers dividends of
each
of
of
the
1947.--V.
last
167,
three
p.
947.
quarters
of
1946
and
for
10
to
$1.50
the first
1947
for
as
compared with $256,898,945 at the end of
were $102,663,429
on Dec. 31, 1947.
At the
liabilities were $80,299,571.
Cash and United
States Government securities at the end of 1947 amounted to $199,792,165.
Cash on Dec. 31, 1946, amounted to $111,775,471. Fixed assets
before reserves for
depreciation and amortization were $520,242,668,
close
$378,447,769,
of
Current
1946
of
liabilities
current
1946. During the year,
amounting to $6,541,043
contingencies. The reserve for postwar
contingencies was discontinued and the
balance cr| $15,000,000 in
this reserve was transferred to surplus.
compared with $420,201,743 at the close of
accrued provision for wartime adjustments
was
transferred to a reserve for
1947,
During
the
on
rate
provide
$150,000,000 was borrowed from three insurance com¬
issued Dec. 3, 1947. These notes bear interest'at
per annum and are due Dec. 1, 1967. •' The notes
notes
of 2.70%
for the payment of principal
beginning on Dec. 1, 1953.
per
dividend of $6 per share on the
stock,
preferred
holders
Account of Dividend Arrearages—
on
on
for
.
panies
—To Pay
Corp.—Annual Report—
income
,
the
letter of notification with the SEC
for 100.000 shares ($1 part common stock to be offered at par.
Pro¬
ceeds will be used to retire bank loan and for working capital. Under¬
writer—Griffen & Vaden, Inc., Raleigh.
company
net
depreciation and depletion in 1947 were $16,644,574.
In
1946
deductions for depreciation and
depletion were $14,806,378.
The
consolidated
balance shefet for Dec. 31,
1947, shows current
Deductions
as
Taylor Food Co., Raleigh, N. C.—Files With SEC—
The
reports
share on 9,479,738 shares of the
per
Dec.
assets
Floyd L. Martin has been elevated to a new responsibility as Execu¬
tive Vice-President.
He will continue his responsibility as Vice-Presi¬
P.
476.
p.
of $75,666,792, equal
capital stock outstanding
31, 1947, according to the annual report
issued today- to
stockholders. This compares with $57,206,352 for 1946, equal to $6.10
per share on 9,366.488 shares outstanding at the close of that year.
Sales for
1947
were
$521,844,814, as compared with $414,988,315
in 1946.
Total income was $528,548,313 in 1947 and $419,048,826 in
1946.
Sales in 1947 were approximately 25%
greater than the pre¬
ceding year, and represent the largest annual sales volume in the
history of the corporation.
7 ; • 7 , .
corporation
to $7.98
on
Ry.—Earnings—
1948
$306,096
*5,741
railway.—
oper.
Co.—Declares Extra Divi¬
dend—Elects Two New Directors—
The
1945
$21,175,231 $19,069,385 $18,093,163 $22,519,462
railway
5.515.437
4,211,934
5.139,347
8,751,802
railway——
income2,496,833
1,771,322
2,656,690
2,578,525
'
52.
p.
1946.
7,466,116
p.
1,
Sunray Oil Corp.—Official Promoted—
1946
'
payable (mainly subcontractors), $277,811;
(current), $7,346; accrued taxes, $36,202; accrued
liabilities, $8,890; reserve for claims for personal injuries (amounts
payable in instalments calculated to be approximately $50,000), $71,000;
commissions payable subsequent to Nov. 30,
1948, $51,863; $3.50 pref¬
erence stock of no par value
(net outstanding, 63,896 shares), $1,397,725; common stock of no par value (net outstanding, 584,945 shares),
$584,945; paid-in surplus, $1,243,820; accumulated deficit from oper¬
ations, per accompanying statement, $1,340,151; total, $2,339,451.—V.
LIABILITIES—Accounts
167, p. 947.
Oil Co.
oper.
167,
Feb.
Pro¬
2,653,727
from
dated
are
expenditures,
2,227,193
Week Ended Feb. 21
Gross
bidding.
6,787,001
Period—
—V.
capital
income—.
from
& Co., it was an¬
Stanley
Morgan
January—
2215.
railway———
oper.
January—
Net ry.
p.
Co.—Earnings of Company only—
167, p. 947.
Net
by
treasury
166,
sundry investments (at
City (at cost), $267,577;
notes, other notes receivable and
less), $143,557; land at Long Island
$2,339,451.
"
'
Tide
Financing—The
railway—— $34,984,111 $33,483,512 $33,126,687 $40,454,801
Southern
Gross
determined
reimburse
Southern Pacific
—V.
to
Calif.—Registers With
a
costs,—V.
January—
Gross
(Indiana)—Private
1, has sold $20,000,000 of 2%%
1949 —V.
and
1948
The
registration statement with the SEC
first mortgage bonds, due 1978.
The names
be
unbilled costs on uncompleted contracts, $189,699;
(at cost), $110,000; prepaid expenses, $540;
Mason-Walsh-Atkinson-Kier Company—at cost, $15,200;
commissions payable
692.
Feb, 1, 1968.
The, proceeds will be used to finance company's construction program
The
Net
covering $7 000.000
the
167,
"
Gross
company on
accounts receivable
securities
Union Carbide & Carbon
SEC—
of
advanced
sinking
fund debentures to Equitable Life Assurance Society of
the United States.
Subject to the terms and conditions
of the purchase agreement, the institutional investor has
agreed to buy at any time prior to Dec. 31, 1948 an addi¬
tional $30,000,000 of debentures, of which the company
has agreed to sell $20,000,000 and has an option to sell
all or any part of the remaining $10,000,000.
Co.—Weekly Output—
Co.
SHEET AS OF NOV. 30, 1947
projects), $629,447; miscellaneous accounts
interest, $2,968; federal taxes on income re¬
or
total,
/
.
Electric output of this company for the week ended Feb. 28, 1948
totaled 2,477,000 kwh., as compared with 2,438,000 kwh. for the cor¬
responding week last year, an increase of 1.6%.—'V. 167, p. 947.
The
been
Treasurer.—V.
Assistant
Standard
Southern Colorado Power
Southern
cost
The
1.
this
with
has
and
company,
P.
Jr.
Secretary
nounced
Secretary—
1,163,648
$1,340,151
—
promoted to Finan¬
167, p. 751.
SKF Industries, Inc.—New
.L
$50,561;
Govt,
dividend
to
Morgan
$884,299
$2.47
$1,092,472
$3.06
_
share
common
$176,503
r
banks and on Land, $929,902;
in
accrued
and
fundable,
S.
10,417
—
construction
of
receivable
share,
• • • •
Assistant Treasurer and Charles A. Spoerl has been
Standard
Balance
Earnings
1947
30,
CONSOLIDATED BALANCE
U.
marketable secur¬
'f.
Nov.
of
as
(owners
The
cial
preferred stock—
on
275,420
$186,920
-_
of_ApriiTo7l947—--------—
as
Deficit
167, p. 692.
Standard
income
Dividends accrued
Deficit
been
1946
$103,688
26,564
10,939
1947
1948
from
Net
$2,525,017
88,500
contracts)
fee
of annual meeting & proxy
W
Thor
January—
$1,032,505
148,205
—
'loss
ISffit
Raymond J.
$1,343,502
251,818
——_
exps.
operating loss
——
Other income—Interest and dividends on
ities and other investments
-
2735.
p.
Spokane International RR.—Earnings—
—V.
deductions
will
poses.—V/, 164,
$1,065,523
277,979
$1,102,833
___
income
plus fixed
earned
fees
,
SEVEN MONTHS END. NOV. 30. 1947
Net
295,714
624,695
436,186
taxes
Gross
Net earnings
company
30,000 shares 5%
Noble & Co.,
Detroit, and Clair S. Hall & Co., Cincinnati.
Proceeds will be used
to operate its pharmaceutical division and for general corporate pur¬
1947
depreciation
other than Federal
i
mortgage
NOTE—The consolidated balande sheet Includes net assets in
$4,320,929
1,824,368
„—
for
Taxes
1948.
30,
(cost
executed
investments in
1947 and $130,451 in 1946.
for
1948
_
Maintenance
Net
excess
($1 par value)
deposit with trustee for payment of debenture interest
($79,960 in 1947 and $82,030 in 1946)..
tlncluding tax notes of $1,400,000 In 1947 and $1,000,000 in 1946.
tAfter reserves of $183,927 in
Shares
$4,998,597
2,271,875
12 Months Ended Jan. 31—
Operation
Gross
54,685
1,726,788
♦Including
Co.—Earnings—
Operating revenues
Total
470,981
82,030
208,230
68,689
1,257,000
profits taxes (est.)
profits taxes (est.)_
.
The
Other
738,745
79,960
260.287
—i-
1
Total
Proceeds will be used for explora¬
indebtedness.—V. 164, p. 3151.
Sioux City Gas & Electric
April
on
Oper. & gen. exps. (incl.
>
solicitation $46,561)
of sale.
days
10
ends
Work
$1,004,355
debentures
to
">VV-
r")
wherever
expense
ASSETS—Cash
Indebtedness^
approximately
management
new
which
present
during
Provision
taxes, etc
15
Cap.tal surplus
—
Earned surplus from July 1, 1939—
shares ($1 par)
capital stock.
The stock will be
stockholders at $2.50 per share on a pro rata
125,000
offered
and
income
with a volume
being explored fully.
is engaged also
are
company
CONSOLIDATED EARNINGS FOR
$1,499,950
.U—
Canad.an Income and excess
Common stock
enters upon the calendar year 1948
completed under existing contracts of
•
Dividend payable Dec.
50-year 5 %
Report—Donald
part:
in eliminating all non-pro¬
possible.
We must of necessity proceed
slowly. Existing contracts, leases and agreements will prevent new and
more
equitable arrangements in some areas for some months
to
come.
In any event, the nature of our
business is such that the
effect of our new policies and sales activities is not likely to become
apparent to any appreciable extent during the current fiscal year
1,741.956
262,250
»
be
to
ductive
3,789,523
117,308
______
Accrued interest on debentures—.
registration statement with the SEC
Feb. 26 filed a
company on
covering
166, p. 2565.
1947.—V.
5,
stock, pay¬
on the common
1948.
four regular quarterly dividends
in addition, an extra of 10 cents was
paid
Much greater volume of work is needed to insure profit¬
able operations.
A policy of aggressive solicitation of new business
has been instituted, and at present all avenues of possible benefit to
$16,269,739 $13,815,504
Accounts payable
Accrued salaries, wages,
Denver—Registers With SEC—
Silver Bell Mines Co.,
7,549,687
109,310
•
_____—>
(net)
•
amounting
The
215,516
$441,955
Stock Distribution—1
Co.—5%
company
work
Construction
Total
consider
will
30
-
assets-
Deferred charges
increasing the indebt¬
edness of the company to not exceeding $15,000,000.
The directors
mntemplate the issuance of $6,000,000 of unsecured obligations matur¬
ing 20 years or less.
It is expected that $4,000,000 of the $8,000,000
of bank loans will be repaid, and the remainder would be added to
working capital.—V. 166, p. 2215.
stockholders
The
122,911
$696,210
$6,000,000.
,<
2,386,884
218,118
—
standard cost or mkt.
of
other
Property, plant and equipment
-
Sharon Steel Corp.—To Increase
This
of
1946
$3,466,125
2,992,587
1,445,755
1947
.
—_
lower
Inventories—at
$1,655,127; dividends payable,
167, p. 552.
$40,740,129.—V.
total
178,703
$657,472
17,829
V
Thomjteon-Starrett Co., Inc.—Interim
B. Adams, President, on Jan. 31 said in
—^_
31
$1,762,820
2.044,690
2,198,230
£
obligations—at cost_
J
tU. S. and Canadian Govt,
income,
for
provision
$330,418;
expenses,
income,
on
$478,769
»
>
Feb.
on
183,393
$129,625
13,462
1947, the company
cents each in cash, and,
20
this
,
.
♦Cash
$583,553;
note payable, 3'/4%, maturing Oct. 15, 1962, $9,000,000; reserves for
warranty
service,
$2,949,028;
Miscellaneous
reserves,
$1,500; $4.50
cumulative preferred stock, without par value (issued 58,200 shares),
$5,820,000 common stock (par value $1 per share), $1,726,926; paid-in
and
other
capital
surulus,
$4,128,471;
earned surplus, $9,958,451;
and Canadian
to
The
accrued taxes, other than taxes on
$819,121
stock dividend has been declared
stockholders of record March 15,
5%
disbursed
subsidiary included in the above
translated at the average free rate of exchange
CONSOLIDATED BALANCE SHEET, OCT.
$2,821,997; accrued salaries, wages
payable,
of
164,060
1947
LIABILITIES—
LIABILITIES—Accounts
—..—
durrng the year.
raw
and commissions, $859,857;
$147,454
During
Canadian
the
of
been
have
statement
1
materials, work in process, finished
goods, and supplies, at the lower of average cost or market (after
reserve
for revaluation of $398,792), $11,947,615; land, buildings and
equipment (after reserve for depreciation of $5,948,398), $9,824,301;
tools and dies, at cost (less amortization of $1,946,550), $1,710,223;
construction in progress (at cost), $236,376; deposits, miscellaneous
Investments, and sundry receivables, $312,199; prepaid expenses and
other deferred items, $304,951; patents, contract rights, etc., and good¬
will, Si; total, $40,740,129.
'
;
consisting
inventories,
and payable
dividends paid
Deduct
charged
costs
291,316
income
Thermoid
$2.82
-
Earnings per common share—
$75,000; notes and
accounts receivable (after
notes
and
accounts of $91,320), $7,116,462;
cost),
doubtful
for
$0.67
deposits in banks, $9,213,001;
ASSETS—Demand
series
reserve
effect
[
i CONSOLIDATED
$1.20
$527,806
23,106
$131,728
167, p. 751.
A
$1,469,935
781,079
—
.
Federal
$1,434,265
270.003
518,078
—'
the
offset
sales.
of
cost
to
_
share..
common
per
substantially
♦To
stock—
$4.50 cumulative pfd.
on
dividends
Common
Earnings
$2,337,641
265,120
518,078
-
$124,348
20,441
—
97,201
Provi ion for income taxes:
Canadian
income
Net
Net
—V.
1,157,000
158,531
deductions
Other
$124,750
___
1 Gross income
deductions
$2,975,011
25,485
-
_
Interest
Canadian taxes on inc..
of contingent reserve
;
and
income
303,200
$145,190
income
income
able
*
■
,
Other
107,117
-
————
——
_/ .■
Other
483,900
Income
$2,846,638
128,373
$3,968,549
Balance
$1,122,587
491,353
$3,859,374
Balance
15,293
81,200
surtax—
<fc
Operating
$24,242,499 $19,480,017
15,863,968 13,069,958
4,214,302
3,437,612
*
195,680
125,809
goods sold (before depreciation)
—
Sel.ing, advertising and administrative expenses
Cost of
Advertising,
15,955
189,605
taxes
normal
Fed.
1947
,
returns and allowances—
discounts,
less
17,130
17,740
83,200
192,630
204,845
of
amortiz.
utility plant
Subs.)—Ann. Report
Spalding & Bros. Inc. (&
(A. G.)
1946
$59,550,490 $37,341,738
49,722,647 32,152,061
1947
Fiscal Years Ended Oct. 31—
$2,860,948
1,608,781
10,715
;
&
Deprec.
v*'
i-'y\
947.
p.
$3,479,811
1,944,663
125,967
269,734
Operation
Other
INCOME ACCOUNT
CONSOLIDATED
$481,188
234,226
10,166
10,166
$523,269
Operating revenues
at 101.467 and interest to yield
approximately 3.05%. The issue was awarded March 2.
Proceeds from the issue will be used to prepay short-term bank
notes borrowed under the company's program of additions, extensions
and betterments to its properties and to finaece continuation of con-
1948—12 Mos.—1947
1948—Month—1947
Period End. Jan. 31—
B, Vk% due Jan. 1, 1978
Co.—Earnings—
Public Service
Texas
Bonds Offered—
—
Blyth & Co., Inc. and Stone & Webster Securities Corp.
on March 5 offered $7,000,000 first mortgage bonds, series
;>
to meet the need
for more working capital, the company during the year borrowed up
to
$9,000,000 from banks.
The board of directors, recognizing the
continuing need for more working capital, authorized a 15-year 3>/»%
loan of $9,000,000.
This loan, which was obtained from The Prudential
Insurance Co. of America in October, 1947, will mature Oct.
15, 1962
with annual sinking
fund payments beginning in 1950.
When this
new
loan was obtained, all bank loans were paid off, and the credit
agreement dated as of Jan. 2, 1947 was terminated.
To
Co.
& Electric
Gas
Southwestern
the last
tools during
and
plant
for
spent
total
•<
complete the plant improvement program and
to
years
1948
Monday, March 8,
FINANCIAL CHRONICLE
&
THE COMMERCIAL
(1050)
year
the
in the amount of $10,000,000
These funds were required for
expansion
construction
with
program which in 1947 amounted to
and acquisition of production facilities.
$49,742,799 expended in 1946.
(Continued
$104,235,456 for
This compares
It is anticipated that expenditures
on page
53)
Volume
167
Number 4679
THE
COMMERCIAL
Stock Record
&
FINANCIAL
CHRONICLE
(1051)
New York Stock
«»
Exchange
DULY RANGE OF PRICES
WEEKLY VOLUME OF TIUDINC
YEARLY RANGE OF SALE PRICES
FOR EVERY USTED ISSUE
Range for Previous
STOCKS
Year 1947
Highest
S per share
I per share
66% May
-
since Jan: 1 f
Range
Lowest
87%
Lowest
90 -*
Jun
5%
Dec
July
10% Feb
«ya
Apr
60
66% Feb
110
'
J
13
89
ACF-Brfll
11
52% Jan
5
Acme
Oct
14% Feb
11
43% Feb
14
40%
Oct
28% Feb
10%
Feb
7% Feb
38%
Feb
22 % Feb
20
Nov
112
Feb
102
Jan
36
Dec
Dec
75-.
6%. Feb
31 y2
.
26%
2
Dec
102% Aug
5% Feb
»■» i
2% May s
3% Jan
80
Jan
2% Feb
10
10
41% Jan
7
37
76%
Nov
27%
Dec
48%
Feb
24% Feb
28
Nov
Dec
164
104
May
29
.
% May
30
Dec
Feb
19
Oct
99%
35
-
Jan
30% Jen
Allen
Industries
190
Jan
5
Allied
Chemical
30
Allied
21% Jan
27
33% Jan
11
31% Jan
89
5 ".
8
30% Jan'
5% Feb-20
6 % Jan
107
Dec
83% Feb
20
Dec
43
25
11%
Dec
47
Feb
Feb
Apr
31
7% Jan
Mar
80
10
51% Jan
Jan
19
50
106% Jan
77%
Jan
58% Feb
17%
Feb
10% Feb
50
Feb
37% Mar
Dec
110%
Nov
3% May
Dec
7%
75%
36
Feb
3% Feb
2
6%
11% Jan
12
9
107% Jan
26
5
Brake
4%
conv
4% Jan
8
Amer
76% Feb
6
80% Jan
9
American
167% Feb
21
175% Jan
8
11
May
54%
Feb
38
11
43% Jan
9
May
20% May
105% July
115%
Jan
91% Mar
5
100% Jan
21
Feb
18% Mar
5
22% Jan
8
Amer
47%
American Car
"
Feb
28
106% Jan
15
Aug
43
Feb
24
50% Jan
13
American
Chicle
26%
Feb
16% Feb
4
19 % Jan
5
American
Colortype
104 % Jan
18%
Dec
24
Feb
16
Feb
13
19% Jan
10
88
Dec
102
Mar
88
Jan
5
88% Jan
5%
5
38%
Dec
Dec
48% July
118%
25% May
46
3% May
33 % Feb
10
94% Feb
Oct
11
*40 % Jan
106
2
Jan
3%%
American
American Encaustic Tiling
American European Secur
American Export Lines Inc
17% Jan
2
2
Jan
5
2% Jan
2
3
89% Jan
9
2
Dec
6%
Feb
"86
Dec
115%
Jan
7%
65% Mar
Dec
25%
Dec
101%
Feb
July
74 y2
42%
Apr
37% Jan
20
Oct
5% Feb
10
5% May
49
55
Apr
7
7% Jan
5
50
Feb
13
53
Jan
5
Jan
20% Feb
11
24% Jan
6
Jan
13
6% Feb
92
25
Jan
7% Jan
92
13
May
18% May
'
Dec
6%
10% Feb
Jan
13% Jan
5
15% Jan
30
Feb
19% Feb
27
22% Jan
8
116
Jan
12'
11
95% Feb
27
104% Jan
Lowest
Highest
Lowest
I per share
I per share
5 per share
18%
80
Jun
1
7%
28%
Dec
101
Dec
127
V
11
20
Jan
147
79% Feb
5
84 Va Jan
6% Feb
24% Feb
11
8% Jan
14
28% Jan
2
132/"Jan
14
July
•
•
125% Mar
1
9
Dec
14%
Feb
7
Feb
17
8%'Jan
Feb
29
Feb
10
32% Jan
13
16%
Feb
6% Feb
28
8% Jan
8
85
Dec
76%
Dec
11% May
170
.129%
17
186
24% May
-i
116
Feb
16% Feb
14
38% Feb
11
Jan
Feb
141
27
27
23
Feh
28
Jan
19% Feb
Dec
34 % Feb
120
Oct
~18
Mar
Jan
5
,
7%
26%
19
68%
151
9
12
•<
129
21 :
* Jan
69% Jan
Feb
Feb
11
8
85% Feb
6
14%
Apr
93%
Dec
Jun
Apr
7%
10
Feb
16
90% Feb
17
62% Jan
7% Jan
2
5
9
1
64
-
Dec
34% Jan
9
Anaconda
10
38
2
Anaconda
58% July
243/, Dec
; 16
6%
Jan
39%
Oct
Feb
For footnotes see
page 26.
Feb
31% Mar
5
Jan
38y2Jan
5
98% Feb
4
104% Jan >5
46% Mar.
3
53% Jan ' 6
conv
98
25%
11
23% Jan
2
10
5
Andes
4% Mar
28% Feb
2
14
5
Jan
Jan
5
34% Jan
2
A
P
Copper
W Products
,34%
18%
300
*18%
18%
*181%
19
17
*17
17%
*16%
17%
*16%
17%
*88%
90
*88 %
90
*88%
90
34%
34%
35
341/4
98%
x98%
98%
98%
25 %
.
25%
*25%
•
200
34%
35%
5,400
98%
97%
98
1,500
26
"
98
34%
253/e
253/8
800
5%
5%
400
143/8
14%
14%
143/s
16%
16%
16%
16%
16%
2,500
2%
II,200
2
73
7%
7%
*63%
'
64%
^
-
2%
2
7%
:
*
38
38
38
5*%
»
51
*50
6%
*10%
*
10%
15%
10%
10%
*15
19%
19%
*95%
97%
*95%
Feb. 28
Par
"
.
Saturday
/
No par
153/4
*80
v
*63A
*24%
25%
' *7%'•*•
7s/4
6%
63A
73%
"
13
169
26%
,
1
;.
97%
97%
97%
*97%
10%
48%'-
'
;91%
26'A
,
49%
142
Inc_^—_——5
32
♦130
com
"*36
37
,♦120
"36%
123%.
*18%
*121
18%
62%
141%
,
142/.
18%
(61%
63%
50%
7% r
7%
•'
■
>
7%4
50
•
7%
*116%
.
-
.
"
*32 %
20
Inc
84
6 Ye
*56
,
7%
63%
13
13
13%
12%'
165
<
20lo
"
:
; 165
165
"
28%
28
28%
93,,
93
*164%
27%
95
93
10%
10%'
10%
17%
17%
•
17%
41
40 %.
%:-,
rJ 50%
50
142
1142%
142
10%'
,
142%
135
26%'' 27%
23%
19%
37
122
18%
510
17%
41
»
15,100
10%
*17%
.
40%
50%
110
28%
'
■
6,300
167
93.y8:
28%
4,400
14,000
-
41%'
50
270
50%
141
1,300
500
141%
-
5,400
640
'
♦32%
!32%
32%
*130
135
*130
27
" .32%
23
'
*27%
'
*1934
:20 %
36%
26%
*35%
37
23
*19%
23
20
36%'
rl24%
27%
19%
200
2,200
23
/
120
124%
18%
,
135
.
1,000
'
400
300
•
121%
300
62%
*19%
116%
♦116%
7%
6%
Iff3/®
600
150V»"
i5a%
16,100
1,700
*; 6.400
■
166%
7%
39%
96
62
32%
32%
33%
„
:6i.%
.
"62'A
142%
143
117%
;
51%
116%
117%
51
*7 V*
98%
*94
♦77
84
*76
6%
6
62
*56
33%
♦56
6%
61%
33
X32 %
32%
,
6
'
3,400
'
.13,100
y
200
97%
82
31%
:
3,000
61%
*56:
..
;
6%
.
„.
4,000
3,200
38%
♦94
•
7%
37%
84
6%
7%
39%
•
840
•
„
38
7%
:
62%"
:
52
116%
62
143
96
*80%
'
*56
62
-62%
52
7%
,
;
62%
52
39%
85%
62
142
51%
'•
'
143
51%
"95
6%
62%
4 150%
150
:
32
*'
18,400
"
33'A
10,500
13
"
32%
7%
75%
142
40
*80
.
62,/4;?
100
86%
18%'
61%* T
95
'
67/e
73%
149%; 150%
61%
61%'
142
39
97
••.*80
34
*32%
•100
47
1
*8%
*4
,1
32%
101
47
.,
•
34%
*99%
,
62
39%/
*95
85%
6%
*31%
*
39%
97-
'
*6
34
"
39
6%
84%'
*119%
150%'
.142
117 :■'•
'/
73%
t-*36%-
%■*;
200
32
85
19%-
149%
gi%:
63%:
t
123
80
•
8%
32
84%
"*23
36% v;
-
^
150,
61
♦116%
*56
21%
•
'
*18%
'
1149%
"!
i
•
127"'""
'*7%
73%
♦130
"
'
6%
"
'•■<'-*32% "'32%
27:
20
,s.; 49%
-
-
23%
20
50
*95
Corp.—10
par
26%
'••
.
.
,
•
*78
7
50
■
23%
117
"
,/
4
32%:
20
*125
8%
32%
:
1,300
1,500
'
85%
17%
142 -•
23%'
24%
74%
10%:
134
'
,.50
l_No
*129
«
127
•*7%
*31%"
110
7%
.
83%
*40
50%
23
r
50
;_^5
—►..*20
*31%
*125
8%
32%
93
;
,
20
.
i
37-
38%
1
*24 Y*
165
■
10%
17
141%
V
'
"135
'♦26%
26%
U 62%;/63
i I4i%i 141'/2
,
24%
'
12% '
'
41%;
49%
/■
142
32
23
.
17
*40
49% ' 49%
*113
,
24%
127
1,400
83
24%
*31%
Shares
17
83
7%
'
20
;
•
.
*16%
7%
6%
92%
10%
17
39%
16%
83
73%
28%
92%
'/
,10%
39%
>; 149% 150
';
10%
-
■/•'/• 17
/
26%
*19%
/,
92%
16%
*81
*7%
•:
13'A
28%
the Week
7%
♦125
:
84
74%
168
,;*165
28%,
135
23
.25
12%
8ales for
Mar. 5
7%
6%
83%
74 Ye
169
32
*130
61,.
:
'
32%
6%
/:
13 'A
143
*31%-
'I
6%
'
7%
200
S per share
*24 %
127
7%
106
7%
24%
*32
I
74%
28%,
10%
*142
—100
.225
: 7%
24%
100
3,800
Friday
Mar. 4
16%
♦125
2,600
4)0
*97
S per share
81
7
100
11
46%
15 %
Thursday
Mar.3
$ per share
16%
84
*165
17
*36
Wednesday
81
••••
*80
100
SALE PRICES
17
7%
12%
?
,
41
par
HIGH
"
*39"/,
100
■193/4
•
92
,*16%
v
203/8
•20%
81
83%
277/8
92
*
16%
73%
I3y8
*165,
*10%
15%
81
33%
/' 6%
~
11
15%
Mar. 'i
24%
7%
83%
73 %
-
*10%
15%
Tuesday
126
♦32
833A
1' i
95
10%
$ per share
7
24%
33
.
*80
10%
16%
125%
800
*15%
81
7
128
■•■? *32
par
25
i
7
*126
,__1
16%
♦80%
6,600
6%
$5
20%
Mar. 1
81
213/4
*6%
20
Monday
i63/4
21%
6%
*95%
S per share
% per share
213/8
*6%
'
51
20%
LOW AND
^
1,300
5%
51
19%
97%
600
S3/*
5%
5,000
700
51
15%
*15
20
38%
21%
21%
6%
'95
*80
38%
10%
10%
15%
19%
95
7%
57%
38%
*501/2
6%
6%
*80
3,200
6%
57%
5%
51
.68
7
*38
21%
65%
1,500
57
55
5%
♦50
21%
6%
95
5%
51
21
6%
*80
5%
*50
21%
*6%
95
*15
1
51
21%
6%
*80
5%
2
66
63/4
38
37%
5%
2%
65%
7%
55%
37%
21%
72%
7
55%
5%
21%
2
64
37%
*50
2
65%
7%
*253/8
*63
*5%
50
2
73
7%
26
64%
37%
1
2%
*72%
73%
7%
'*63
"
Co
900
18 %'
19
90
14%
common—No par
' Archer-Daniels-Midland
44%
16%
/
Oil
1,200
106%
44%
17
2%
73%
183/i
Mining
19
*105
*16%
par
10
44%
17%
16%
2
73%
Cable..—No par
Anchor Hock Glass
Corp com
12.50
'
$4 preferred
No
9% Feb
18%
1061/2
44%
16%
*16%
-
61
18% Feb
*104 3/8
44%
5%
123%
Co
106%
*44%
200
Vs
18%
61
19%
*104%
44
2,100
5%
——„_^~1Q0
Clayton
Anderson-Prlchard
91%
*5%
common—
Anderson,
19
230
39
91%
14%
Copper Mining
Wire
1703/4
39
x34 %
98
*1207/«
preferred
170%
40
92%
*91 %
5%
$4 conv prior preference../No
par
85 prior
170%
"
40
4,300
14%
.
v
'Amer Zinc Lead 6c Smelt
9
91%
5,500
*5%
;
clase B
170
40
200
4%
79%
'
79
17
34%
_.__100
Co
170%
91%
107
4
79
*88
34%
Tobacco^——5
Woolen
*170
4%
79
14%
jcommoii.ril00
preferred
*105%
4
40
*1R%
90
98%
,
25%
40c
Co
Water Works
American
30
111% Mar
:
Am
^
9
106
4
79%
5%
preferred
,100
American Viscose Corp
common^.l47t.
5%
preferred
:_r.
:i00
11
Jan
Jan
5
31
Jan
*1043/4
106
-
20
14%
No
30% Feb
Dec
101% Nov
Jan
.99
1,300
14%
3/,"' 6%
44% Jan
5
21
38%
*5%
No par^ ;
Common
*37%
1,100
5%
1
American Tel 6c Tel Co
--
38
65
14%
Stores—
5
Mar
200
37%
19%
19%
*63
3,100
*14%
Foundries—No par
Tobacco
10%
60
25%
preferred^
Sumatra
10%
*50
25 %
IlQO
/American Sugar Refg
17»
preferred
13
Jan
Steel
11
60
*5%
Stove
Mar
51
"
*88
39,400
20
40
•<
1,100
8%
•
65
93%
44
43%
8%
*10%
38%
79%
169'/2
39%
/'■
43
8%
1,500
*63
*92%
98
17%
American
,
Jan
38%
169%
39%
17%
com
common
American
119% Jan
143
Snuff
>
27
7
: 69% Apr
Dec
170
17%
common.LNo pdr
-
116% Feb
37% Mar
NOV:
39%
*92
4
79%
43%
400
,,'100
90%
11
*104%
4
79%
5%
50
90
2\J 78
38%
105
3%
90
100
•
2
95
35
168%
39%
96
4
79%
*88
San'y com—.No p4r '
5
60% Jan
Oct
36%
78%
*17%
_____No par
8
;
6
Feb
42
3%
78'/a
170
10
C0—__—,
6c
non-cum
12/ «American
14
50%
30% May
4
105
38%
43%
83/a
300
63%
19%
American
-
6
.19% Jan
62% Feb 27
110%
10%
'
5 t.
•46 3A Feb
Jan
103%
6%
2
136% Jan
120% Aug
8% Dec
Jun
105
105
38
1
400
26%
*46
903/s
'4,100
:
59%
*19%
106%
Co—.—No
Refg
preferred
'American
24 y2 Jan
68% Jan
Dec
7Vo
39 y2 Jan
- •
Smelt
American
26
26% Jan
»
Jan
153 V« Jan
Feb
i Am
9
13
163% July
*.
29% Jan
*
3%
5
i 9
27
May
105
38
50
90%;
61%
*25%
53/8
!
5%
/
♦47
8%
.
*105%
Rolling Mill cora.^
^10
4%%/cotrv preferred.——;
100
American Safety Razor
/,_5
American Seating
No par
Amer Ship Building Co.——No par
2
Jan
140
»■
•
12
34% Jan
"
60% Feb
57/s May
46%
Jan
41% Mar
148% Feb
Dec
*10%
18
—
56V4 Jan
Feb
May
90
82
9
Feb
84%
63%
11
8%
60
20
44
; American
82%
60
64
*10%
8%
61
106 %
7preferred
,!
174%
Dec
;
5
>"
13
Feb.
27
47
20
*62
10%
8%
'60 %
18
preferred—
5
Jun
61%/Apr
43%
'
26%
.
■53%
90
43%
44
&
Amer Rad 6c St
Jan
'
24"
;
47%
148%
41% May
*116% Oct
•
12 Ya Jan
5
29%
,20
87%
43%
*105%
Light com.._No par
preferred—.
.No pat
Jan
101
13
Feb
25% Feb
28% July
/
..
30
Mar
31% Feb
133
Jan
; 32%
;
11
46% Feb
Dec
Mar
(Jun
176
11
37
47
86%
18%
$5
9
' Apr
62
135
10% Feb
July
f
149%
Feb
•
17
40
.May;,;
18%; Oct;
"
11
Feb
158
51%
85%
44
$6
9
143A Jan
*25%
5%
106%
i—«—ilOO
News
26
43%
*17%
STOCK,
preferred
Molasses
87%
•'
*43
common
i
Power
34%
87%
*105%
No par
EXCHANGE
American
343/4
88
xl9%
100 <"
American
■'Amer
12
85% Jan
*
3
25% Feb
Dec
May
Mar
90
172
23% Jun
21
165
Feb
.70 V2
25% May-
34
Oct
Dec
')
136%
95% Jan
'
J
42%. Oct
Dec
32
13
Feb
22%
% May
142
11
21
12 % Feb
16%
.
Jun
48
Feb
72% Feb
37%
9% Aug
15% May
34
81
Feb
109%
May
'
,
Feb
Feb
117%
"
.
Dec
99
'
6%
2
39%
Dec
7
-
35
5%
*47
83% "
343/4
*86%
19%
3.90% cum preferred—:
100
Amer Machine & Metals.^—^No
par
American Metals Co Ltd com.No
par
•
*25%
5%
*83
100
No par
Amer Mach 9» Fdy Co com
7
r
28'/a: May
•
'
26%
*5%
85
35
88
-
*25%
*83
19%
1
common
YORK
85
34%
*86
19%
*
•'/•"' •'„/■
2
Feb
32% July
Dec
8%
16% Feb
Highest
$ per share
Jan
15%
x253/4 May
Sep
NEW
*83
35
87
19%
preferred
Range since Jan. 1
6.600
85
87
'■'•STOCKS
Year 1947
1,900
27%
62
39%
non-cum
Range for Previous
28%
27%
62
*92
American Investment Co of 111—„1
1%
23%
19%
Products
American. Locomotive
12
*18%
273/4
43 %
3%
preferred
*100
American International
Corp-No par
2
Nov
6%
Leather
preferred
Home
American Ice
13
14%
Hide 6c
conv
American
5
J an
Oct
30%
12
American
x34%
19%
28%
86
37%
1,000
28%
85%
38
5
60
••
273/s
43%
*10%
171
1,000
*18%
.
64
172
3,500
9%
173%
19%
•
11
78%
171
9%
28
61
■
9%
28%
20
*168%
—
8
Jan
95
9%
■
27%!
8Vo
*37%
*104%
'
Amer <te Foreign Power com—No
par
$7 preferred
No par
$7 2nd preferred A
No par
$6 preferred
No par
American Hawaiian SS Co
--10
12
40
Jun
106% Mar
9% May
-
8% Jan
77% Jan
4
4
Mar
31
10%
May
90
6% Mar
55
Jan
x34%
22% July
6
Feb
9%
Jan
102
16
*L'J
35%
8%
3.400
-
28%
20
*62
,
27
27%
•
/ 58%
*10%
,
27
*90
19%
8'A
34
12
22
27%
51%
27
29
29
5%
8,900
19%
•
23
26
''
75
95
171
20
*97
15
24
*19
3
39%
*71
♦26%
9%
X171
58%
com——10
6% Jan
Jan
19%
171%
80
2%
39%
*L>0
84%.-
7%
preferred series A.100
Distilling Co
20
30% Jan
14% Feb
37
Cyanamld Co
2
16
171%
3,000
95
9%
20
conv
26
17% July
9%
*77
2%
39%
75
20
I,400
16%
2%
*72
5,500
33/4
26%
-
58
.
100
Jan
20 % July
-*9%
*90
19%
com
Feb
Dec
173
10
5
Jun
\
26%-
90
23%
16
80
1.400
103%
3%.
39%
75
43%
84%
.*42
No par
25
13
*46
26%
*-■90
*78
3
*
*71
23%
15%
100
600
8
*98
.3%
15%
39%
19%
Co
Feb
16
74%:
25%
23%
700
2,200
313/4
8
103%
.
45
313/4
3%
80
2%
39%
.100
Co.—
Jan
6%
51%
*72
1
9%
5%
23%
15%
♦77
3
39%
*44
8
*98
4
15%
80
2%
39%
87%
25%
•
23%
No par
Crystal Sugar
prior preferred.
American
2
5%
,*46
100
American
4%%
26V2
*5%
No par
com
preferred
conv
*25%
,
1
Inc
*85
8
103%
*3%
15%
*77
-
85
35%
*
.
23
*100
4
15%
29
27 %
23%
8
'
92
*83
Co
25
:
56
Sep
101%
Fdry
Cable
35%
.
86
100
—
<k
35
1
'
8
105
*3%
26
28%
85
'
<
*_1
common
6c
23%
♦100
74'A
%
*18%:
*
27%
•
100
preferred
Chain
7%
80
*171%
-
119%
,
—50
;
171%
*
1
Radio Corp
110
Oct
19
Feb
6c
Can
1 • 2
9%
28% ' 28%
com.—No par.
preferred
7%
28%
94
;
9%
27
com.L.l
preferred
Cable
7%
32
15%
*86
'•
; *83
No par
Corp
Co
45
*31%
3%
25
'
92
.v*18%
ChemicaLNo par
Shoe
!
171%
preferred.:
—50
Petroleum Corp—.No par
preferred
Amer
*44'
32
24%
*72
25
9%
-
Inc.———.No par
American Bosch
Sep
196%
____1
American Airlines common..
42% Jan
*86
-
3 % %
cum conv
preferred—^-.100
American Bank Note common
*10
64% Jan
1,
45
*31%
15%
74%
24%
gtd.100
3
5
*72
.
Dye..—No par
Agricultural
Mar
99
Dec
103% Feb
Amer
*43%
31%
3
convertible
Amerada
43%
31%
40
3
61% Mar
13
May
6%
9
21% Jan
9
May
Jan
8% Mar
6
9
166
12
52
10
36
107%
2
15%
900
49
15%
2%
5
Co
49
15%
39%
6%
Alpha Portland Cement...
Amalgamated Leather Co
9
Jan
13
Feb
^
6
Mills
49%
15%
2%
Inc
6c
49 %
15%
39%
Allied
92% Jan
1
Ry
50'A
15%
2%
Allied Stores Corp common___No
par
4%
preferred
:
.100
Allis-Chalmers Mfg common__No
par
3%% cum conv preferred^___100
39% Jan
25% Mar
West
&
*43%
15 %
102
*77
3,500
5%
49%
3%
80
'-*4%
■
4" 34
39%
9.
II
Mar
50%
Allegheny
12
25
Feb
.*77
5%
80
15
___1
5
Jan
86
73
20% May
65% Dec
2 *
23%
14%
5%
Shares
69%
*75
49%
.^..100
Kid Co.:
Mar
25
Feb
common
3
22
14"%
100
preferred A_.—,
5
Apr
50"%
5
33 % Feb
Oct
__5
5%
69%
80
7%
102
4
5%
69%
,
*75
15 %
7%
23%
69
80
49%
%
-31
105
3%
prior conv preferred-No par
Alleeheny Ludlum Steel Corp.No par
Jan
Mar
23%
5%
the Week
$ per share
31%
* 43
8
i*100
$2.50
90
51
Dec
5%%
11
Jan
7
Allegheny Corp
'7%
v
70%
.
Sale* for
Man 5
$ per share
45
14%
30%
10
*
1
70
*75
Friday-
Mar. 4
S per share
80
5 %
Thursday :
Mar.3
70%
*75
5%
48%
15
*30%
.100
preferred—
2
46
34% May
2
2
17„
Jan
Feb
25
4%r
Vicksburg Ry
Gold Mining
common
11
28% Feb
Jan
8%
■*
72'
83 % Feb
105% July
42% Oct
Jun
24% May
5% May
xl7l
39% Mar
.
30'A May
91
,22%
Mar
H% Feb
Nov
36%
Jan
90
90
Nov
202
May
18
Apr
12%
20
3% Jan
Feb
Feb
J an
Alabama 6c
5
45
No par
Juneau
Inc
70% Jan
44-
56
10%
Alaska
Aldens
Jan
15
1
5
5%
49'A
70%
80
PRICES
Wednesday
$ per share
70%
*75
*43%
<
69%
-
SALE
Mar. 2
'
$ per share
69'A
HIGH
Tuesday
Mar. 1
80
*5
4r%
i
Inc—*
27
80
*76%
No par
Corp
Air Reduction
8
Jan
09'/*
;
Addressograph->Muitigraph Corp..10
Admiral
Mondav
$ per share
10
Corp
24
21
i
20
25 % May
90%
9'
'
2.50
*
Adams Express-
4% Feb
26
Co
Steel Co
Adaras-Millis
21
Jan
Motors
102% Feb
4
15
14% Feb
•
Jan
Jan
8% Feb
'
3%
2
46% Jan 27
10
25 Vb ' Dec
17% Jan
-
13
May
Jan
par
No par No par
Abraham <fc Straus..*
6% Jan
90
Saturday
Feb. 28
com
6
Jan
16y«
Abbott Laberatories
2^
45% Feb
Oct
;
'.v .v,'■
11
18%
100
LOW AND
STOCK
S per share'
Feb
66
6
YORK
EXCHANGE
4% Feb
80
-
ljy« May
30% May
:
79% Jan
38
May
NEW
,
Highest
,
S per share
Jan
15
4%
,! 30%,. 30%
*46%
:
20%
<"
*8
.'4%
*30%
34%
34%
33%'
*32%
100
*99%
47
33%
34%
.35%
32
32%
♦99%
101
35%
35
36%
31%
♦99%
31%
101
•
31%
*99%
1
35%
31%
"
.
101
2,?80
900
50
*
46%
20%::
9%
34%
101
:
4%-.
30%:
,
46%
46%
46%
46 %
46%
*46%
47%
600
21
21%
21%
21%
21%
22%
215/o
22%
*8
10,800
10
*8
4%
30%
4%
31
31
10
,
*4%
.
4%,
31
*8
*4
10
,
♦30%
r
4%
31
*8
9%
*4
4%
30%
31
,
200:
1,200
>
Highest
I per share
share
t per
S per
14% Jan
15%
Oct
11% Feb
27
Dec
130 y2
Jan
91% Feb
16
38'A
Jun
55
Jan
91%
Dec
110
Feb
41% Feb
Jan
21
88
104% Mar
*3.75
$4
Mar
Constwoie
5
14% Peo
17%
Feb
12% Feb
17
15% Jan
137/»
Dec
20%
Feb
13% Feb
25
15'A Jan
99
Dec
132'/a
Feb
100
Peb
16
108
Jan
17
6ft
1st
99
Dec
134.
Feb
96
Feb
11
102% Jan
12
7ft
2d
25
Dec
34
Sep
26
Jan
5
66
May
93
Jan
84
Feb
11
97% Jan
5
x98
Dec
112
Feb
96
Mar
3
101% J$n
12
"sep
10 V* May
Jan
19
18% Feb
Feb
14
A
50% Jan
2
Atlantic
47% Mar
1
Atl
59
Feb
45
Feb
24
Feb
25% Jan
6
62
Jan
T
F
9
9
Feb
11
57
Apr
73
July
55
Feb
13
64
Jan
Dec
121
July
107% Feb
24
114
Jan
9
Jan
20% Feb
25
24% Jan
20
Atlas
29
Austin
111%
22 % Mar
5% May
13
Dec
27%
97
5% Feb
7% Jan
27
Jan
26
12%
Feb
18%
Feb
13
4
1C5%
105%
105%
5
*14%
14%
*14%
No par
common—1
:
100
100
13%
13%
•13
13%
13%
13%
13%
•13%
13%
13%
13%
13%
13%
103
•102
104
•96
97
•96
97
45
4534
45
47
13% Feb
10
19
17%
Dec
29%
Jan
15'A
Dec
27%
Jan
16% Jan
6
19'A Jan
8
4% May
7%
Feb
4% Feb
26
5% Jan
29
36%
Dec
49
Feb
35% Jan
22
38
Jan
7
$2.25
13
Dec
16
May
13% Feb
11
14% Jan
10
Babbitt
1374
Dec
24%
Feb
12% Feb
27
15% Jan
9
Baldwin
7% May
16%
Feb
10% Feb
11
13Vb Jan
2
Baltimore
liy8 May
25'A
Feb
15% Feb
11
20% Jan
5
4 ft
93A May
16%
13 % Feb
10
3
Bangor
60
Feb
11
42% Feb
24
51% Jan
10
11
24'A Jan
9
44% Jan
5
37% Jan
2
conv
90%
90
90%
90%
90%
96
96 Va
97
97
97
97
1,300
15%
15%
15%
15%
15 Va.
15%
2,200
46%
45%
46%
46 74
46
4674
4774
4174
44
38
83
*76
95 Va
96
20
2074
59%
5974
108
1374
38%
200
31%
5,100
104%
10474
390
9634
3174.
-
-
.
•
96
96%
9634
96%
96%
•
20
20%
pn
20
?0
20
-
61
61%
6034
603a
61
61
110
*109
111
24
*21
25
*20%
14
18 74
18%
574
5%
38
*37%
• "
;
13%
1334
33
38
•13
*14 74
15%
":'■■■
5%
1,500
574
11,500
>
2,200
> 5
::
38
'
38
4,700
17%
1734
1734
5
3734
,
200
13%
14'A
%
1734
5%/'
574
*37%%
:
-
14
18 %
*18
»:
x
674
1374
•13
14%
*13
14
1334
24 74
-
6 74
6 74
230
108
*20"
24 Va
*6
6%
'6 Va
6
6
108
109
108 %
*2074
f
620
1,600
10,320
4
108 Va
'
-
1834
*37' ■>
78'A
31%
104'/a
31 Va
60%
*1274
>,'5
1,200
7,200
78%
20 Va
143a
18
5
*37
1
;
104 %
3134
104
104
39
'
46 74
40%
*4534
*:
-
•
97
5%
19
4%
(The)
82
„
104
CO
14
*1274
1434
43
80
96
674
1334
41%
*78%
1C4
24
*6
;
42
3174
3174
>*■* 2074
10874
*2074
4674
,
*78 %
83
3074
31
*18'/a
common—3
preferred
No par
Mfg Corp
5,100
89 Va
10334
6%
14
Co of Amer—5
Automatic Canteen
Avco
*1234
200
15%
"
——5c
Co
Autocar
10
28
97%
104
24 74
*6
97
*27
90 Va
30%
HI
*20%
*96 Va
28
-
15%
.
38'34
*10874
No par
prior pfd ($1.20)
Conv
5
Jan
1
13% Mar
100
No par
No par
common
97
27%
89
,
9434
58%
•96 Va
28
97
*76
104
9434
97
27%
*27'A
•96 Va
*27%
15%
98
.
20%
104
No par
Corp.
i
31
*20
90
97
97
90
•97
76
76
4,200
.
104 Va
*102
45
No par
*30 7a
800
13%
13%
13%
103%
46
14%
common
13%
103%
13%
*13%
13%
13%
103 Va
13 %
460
1,180
14%
*14 Va
14%
2,600
107
106%
106
400
"
15 %
97%
14%
89%
89%
97%
RR
13%
103
103 Va
102%
27%
•27'A
27%
•88 %
preferred
Nichols
13%
•103
100
preferred
conv
92'A
-10
Refining
Tack
92%
14%
Powder common
ft
92,4
105%
Atlas
Feb
20
92
•14'A
9
Feb
91
105
92
104%
2
102
113%
Dec
92
14%
6
Sep
Aug
26% July
Nov
91
92
Lines common—1
non-cum
21% May
105
91%
104%
preferred
W I SS
Atlantic
47.
8.400
12%
47
•
.
Shares
..
99 Va
46%
104%
13
5ft
5
2
11%
*97%
48%
•14%
Jan
21
12
99
47
12%
14%
100
25
4% conv preferred series A__100
Preferred $3.75 series B
100
Atlas Corp
5
22
Feb
11%
99
46%
*97
90%
22% Jan
Jan
30
12'A
99%
46%
•14%
107% Jan
68
Dec
78'A Mar
38'/a Jan
Mar
12%
98
46%
27%
Line
Coast
Q &
12
98
47%
•90%
Santa Fe com—100
&
12 %
99 Va
91
Ino—————;
2
shared:
12
47%
10
non-cum
Jan
34%
40
Topeka
5 ft
17
Jun
77
Atch
11
S per
•98
47%
Corp
Goods
preferred
preferred
Dry
the Week
12
47
Associates Investment Co
12
14'A Feb
40'/a May
31 Vt. Apr
Associated
Sales- for
Mar. 5
$ per share
S per share
Sper share
share
Friday
i
Mar.
Mar.3
100
♦98
Corp.
Artloom
29
28% Jan
23'/a
No par
$ per
share
11%
5
com
No par
No par
conv____No par
preferred
cum
Arnold
10% May
14
Illinois
of
prior preferred
Cork Co com
preferred
$6 conv
Armstrong
94 % J«n
107
2
Co
&
Armour
8
49% Jan
10
S per
Par
Jan
106
Mar. •!
Feb. 28
Thursday
Wednesday
Tuesday
Mar. I
PRICES
SALE
HIGH
AND
Monday
Saturday
STOCK
YORK
EXCHANGE
$ per share
share
9% May
103
NEW
Range since Jan. 1
Lowest
Highest
Year 1947
Lowest
LOW
STOCKS
Range for Previous
Monday, March 8, 1948
FINANCIAL CHRONICLE
COMMERCIAL &
THE
(1052)
38
B
60
Jan
69
Feb
Feb
42 y2
Dec
55%
Jan
18
May
28'A July
20% Feb
45%
Dec
54'A
Jan
38
Apr
39%
Dep
31
Feb
*13%
12%
12%
10%
11
10%
preferred
_100
Aroostook common—50
"14%
15
.15
preferred
100
(Delaware )_10
*62%
65
42%
42%
10
*21%
22'A
50
*39
41
Works
Ohio
16% Mar
common
64'A Mar
,
,
11
,
&
5ft
Conv.
4
Barker Brothers common
4 Va
%
preferred
Oil
Barnsdall
Works
19%
Feb
11% Jan
8
Bath
24%
Nov
19% Feb
11
23 % Jan
2
35%
Dec
62
Jan
31
Feb
13
38
Jan
7
Beatrice
83%
Dec
Jan
85
Feb
' 2
90
Jan
8
17%
Dec
96%
Dec
Feb
108'A
Iron
Beaunit
9
Beck
11% Jan
Co
Mills,
Shoe
12
Jan
8
% Jan
2
29
Beech
29
Dec
Feb
30
Feb
11
33
Jan
12
Beech
Creek
30'A
Jun
39'A Mar
32'A Feb
5
37
Jan
5
Oct
14'A Feb
16
16% Jon
5
Beech-Nut
pfd
18 %
Jan
15% Feb
11
18% Mar
3
Bell
Aircraft
24%
Jan
18% Feb
20
24% Jan
2
Bell
&
95
Dec
106%
Aug
94
94% Feb
3
28
May
39%
Feb
26
31
8
Sep
25%
Nov
16% Feb
11
21% Jan
21'A May
28%
Jan
23% Jan
20
24% Jan
5
Jan
6
84% Jan
19
*39
34
•
!
•
6
Feb
11
Jan
4%%
•32
33%
33% 3.33%:
*86
88 Va
9%
*87
Cum
103%
Feb
Dec
35%
Jan
23
% Feb
14
26% Jan
9
Best
Sc
19%
Apr
32%
Oct
25
Feb
17
31
9
Best
16%
1634
*22%
94%
*92Va
150
Jan
66
Feb
13%
18 '/a
Jan
Dec
Jan
">■
1634
32
■
30
9
62% Jan
8
/Feb 28*
14% Jan
14
16
53% Jan
12
35
27
Feb
128
■,f
32%
33
*33 Va
*14 V2
'
41
;
38
17%
18
18%
——100
*93
94 %
V
-
'35 'A
i
•."3434:
934
•'
9%
17%
9Va
20 Va
2074
*20%
20%
34%
*34
87
*86
.-
!
1634 ; 1634
>
No par
Birmingham
3434<
*86
"
"
24
|7%
30%
'
*
15
•>
15
18 Va
-
1834
18%
31
,
'10
94%
*93
10
.3174
14%'*>l'4%'r.?
18
18
;•
28
31
133
24'A
3134
•
133 >
12
12%
1 ;
*12
Highest
-r' 12=8
$ per
share
Jan
36
$ per share
28
$ per share
31
15% Jan
9
29% Jan
5
Bliss
11
17% Jan
5
Bliss
25
37
Jan
7
Bloomingdale
26% Jan
17
11
•
ia% May
x20%
Feb
xl3
Feb
11
18% May
35 %
Nov
23
Feb
27
14
18%
Dec
15
Feb
41 %
July
33
Feb
10
May
28% May
Par
Decker Mfg Co
Blaw-Knox Co
Feb
Jan
Black <fc
7
(E
&
24 V#
Oct
21% Feb
29%
Nov
59
Feb
30% Mar
2
33% Jan 30
Bohn
89
Dec
116
Jan
82
Mar
5
96
Jan
12
Bon
Dec
67
Jan
41% Mar
2
51
Jan
19
35%
Feb
20% Mar
4
26% Jan
14 V8 May
May
38
W)
Feb
24
41% Jan
17
Oct
42% Feb
11
54% Jan
5
88
Jan
2
91
Feb
2
3% Feb
16
4% Jan
5
Boston
&
34% Jan 21
36% Feb
6
Bower
&
Feb
39%
Feb
32
May
7
Dec
13% Feb
81
Dec
96
Jan
24%'
5
30%
Dec
18%
30
May
23% May
30% Nov
40%
common
Maine RR
(assented )_100
10
9% Feb
27
11% Feb
2
Feb
28% Feb
11
33 % Jan
25
% Feb
11
25 % Jan
Brlggs
Jan
63
29% Feb
13
37
Bristol-Myers
109%
Jan
90
Dec
5
Dec
Apr
28% Feb
93% Feb
15%
16 % Feb
21
18% Jan
'
96% Jan
'
3 % ft
Brooklyn
25%
Jun
36%
Jan
27
Feb
26
32
Jan
14
95
Dec
106 Va
Apr
90% Feb
13
94
Feb
5
20%
Dec
27% Feb
17% Feb
1
Stratton—
Shoe
Brown
$3.60
Co
Co
Inc
i-
21% Jan
5
Brunswick-Balke-Collender
5
3
Bucyrua-Erie Co
7%
preferred
5
Budd
83
*3074
*82
" 83
84
4134
*41%
21 Va
2074
38'A
*34
8
-834
*52%'
.±
934
28%
28%
28%
*62
2874
27
27
2634
26,34
-
30%
30
'
*29%
30%
*93%
95
17
65
r
*26%
1
—No par
27%
*90%
92
*18%
'A
..
27%
*26%
3034
29%
♦1834 •19
.
*1834
3,100
2,200
934
29%
2834
2834
/ '
2634
26?4
*26%
27
/>>?
2974
30
297a
30
*93 Va
95
*9374
95
Nov
16% Feb
Dec
122% Jan
Jan
9
May
14%
Feb
69
Dec
86%
Feb
125
25% May
80
Dec
37%
Nov
102%
Apr
8
11
124
6
.Mar
Feb
20
10% Jan
66% Feb
28
74
x32% Feb
83
14
36% Jan,
13
Jan
Jan
6
88
Feb
Jan
$5
1634
1674
*27%
28%
> 2874
92-
90 Va
1674
1634
9074
1834
1834
v
1834
18%
8,600
1634
2734
2874
*90
19
Feb
16% Feb
27
18
38%
Feb
29% Feb
14
35% Jan
6
May
22%
Feb
16% Feb
11
21% Jan
5
80
Dec
104%
Feb
84
80
May
84
Jun
100
12% May
6
26
89'A Jan
Va Feb
10
83
6
12% Feb
13
14% Jan
2
5
10% Jan
15
Jan
30
12% Jan
5
Oct
Dec
88
Jan
11
Dec
24%
Feb
Dec
108%
Jan
6
Feb
3
Dec
19
May
«
7% Mar
81
Jan
10% Mar
27
86
3
81
Jan
2
3
Jan
Jan
3% Jan
9
20
13
98 V2 Jan
15
104
Feb
3
27% Oct
23% Feb
11
28
Jan
2
33% Jan-
Va
17%
-17% / 17%
1734
123
..*123
124
•
r
8%
67 '•
1
*32%
33-
*32%
33%,/
33
pfd„ICO
*86%
88%
*87%
88% k
*87;,,
'./16 V*
Co
conv
preferred
16%
1
17%
16%
16
31%
*31
common—1
--,100
2nd
7
>
1734
173'a
2734
400
9174
*90
874
834
68%
33.,
6734
*32
33
-
*87%
88%
88
*16
v
•
31
17%
17%
1634 '
Va
».
Terminal—
1
,
—
6834
^1734
*83
85
♦83
85
81
81
82
82
:
*
1734
83
80
82
12%
12%
•7%
*84
♦80
7.3.4
12%
*734
13
■
'
^
*84
>
83
*10?4
u
•
83
%
*83
-
•81
>85 '/
10'A -.1034
*84
85
:■
•>
i: 1034
100
•34%
Dec
28 '
Feb
13
x55
Jan
52
Jan
5
53
2
Jan
17
.'..1,200:/;.
•'•"•>
/
140
•'
V- 400
-
'J
'-
-
''
f
82
»1-''
>
13
5,000
300
7%- - 734
85
t
>
■
*84 V
■
...
•V:1034
■1034
300
6,200
-3
„.,81
12%
/.-.y
85
1034
-
preferred
100
Butte
Copper & Zinc—
,_5
Byers Co ( A M) common
No par
7 ft participating preferred
100
Byrtn Jackson Co
No par
•'*82
3
-.84
.
*
3 '
*82
3
84
3
;
82
7-,
>.
-
-
*80
82
*3
•/ *1 J,
3%
•:
•
82
81
81 f
3'
3%
'v
:
'78// 81.> ;-
3>"i
3 "
California Packing common—No par
5% preferred
50
3
,
-
.,.
400
-
'
*17
*100%
17%
101
*17% "1734
101
1734
".'
1 •-
•; ;02-'
*25%
26 '
:.17?4,
102 s-
26
*27%
28%
*2734
28%
28
28
53
*52 V2
54
527a
52%
26
\-
-'
*17%
100%
100%
18
26
28 34
2534
■
1734
26
♦25%
:
>•
100 Va
102
29
*5274
54
..
;
-*17 34
100% '
18 ;
*10074
26 Va
29
y
26 J/a
29
26
53
*52%
54
-
*
'f
26 >
>100
//>
50Q
'
2834*52%
.
.500
17341
101%
:50
2834
54
700
20
Dec
3%
Feb
1% Feb
5
2% Jan
2
Callahan
134
17 a
1%
134
134
1%
134
1%
Feb
1%
134
8%
1%
134
6 % May
1
3.500
6% Feb
11
7% Jari
2
6%
674
674
*6%
6%
634
674
2,700
30% Jan
674
6%
634
Oct
6%
X674
34%
Calumet <fc Hecla Cons Copper——5
5
26%
26%
%
26%
2674
15
Feb
9
14
1374
1334
14%
1434
115% Jan
2
1%
21 % May
12% May
110
Dec
38
18
Dec
Dec
9 % May
50
24% Feb
11
13% Jan
16
Feb
108% Jan
13
48%
Feb
38% Feb
11
40
F6b
26
25%
Feb
16% Feb
11
18% Jan
6
Canadian Breweries
>
Campbell W & C Fdy_,
Dry Ginger Ale com
Can
$4.25
Canada
conv
preferred
Southern
Ltd
15%
Feb
12% Jan
2
Canadian
Nov
47%
Dec
38
Mar
44% Jan
2
Cannon
14%
Feb
11
Feb
13
12% Jan
6
Capital Admin class A
57%
Feb
50
Feb
25
55
6
For
footnotes
see
page
10
26.
Mar
4
1
.
Feb
$3
Pacific
*26
No par
112
,100
*40
41
*40
41
*16%
17 %
*1634
17 74
No par
*111%
26
26%
14
112
Ry_—
.
14
113
.
r
'
'
•
A
26'/a
•
*26
26%
500
14%
11.0^0
1434
1474
113%
*112%
114
11274
*4074
41
*40 Va
41
*40%
*1634
17%
*1574
1674
*157-8
390
41
1774
16%
*16%
1074
10%
38
38
1
*11
12
*11
12
*11
12
10
*50
51
*50
51%
*49
51
-jr.
14%
41
„
103 a
common
*26
113
*40
40
10%
14%
1U% 113
;
*38
25
26%
114
No par
Mills
preferred
No par
,1.66%
Ry Co
Apr
May
33%
11
Zinc-Lead
17% Feb
132
.
T.' 3,600
*
.
Apr
Dec
24%
51%
>>
1774
'83
81 ,*
.
"
100
,*78
774
;
*84
i
10%
33
83
.
350
89'A
1734
1274
734
8
10 V8
82
.
1234
13%
*734
8
*84
-■
82
13
>
1674- 16%
31%
"84
13%
'
69'/a
*3174
'
85
84
*78
82
-
*734
85
11
84
13
•
8
85 v
11
>♦78
82
.
./
.'1774
*81
83,
>
40
13,200
*87'/2
3174 "31%
18
1734
4,200
9
*3274
1634
1634
31%
*82
.">• "
*68%
*
*16%
V
*
'
*31%
;
1734
834..
i 88
1634
600
:
124
124
,•
r
33
'
69
3134 >31%
1774 \ 18
•r
r31- >
-
preferred—100
100
.
6734
17%
•-
;
9 Va
*32
88%
;•: 834
; 68»%
•-
20 >
'
19
19
1734
124
*123
9
'*
No par
5
83467%
,
•
•
124
124
'
8%
Bush Term Bldg 7ft preferred—100
Bros
common
-,15
I
17
123
66%
Butler
7
20% Jan
Jan
16 % Feb
Jan
22% Oct
104
17
124
8%
preferred
4%ft
17
*123
66%
Burroughs Adding Machine—No par
Bush
9
89
Watch
3%ft
3%ft
'
No par
:
—
Burlington Mills Corp
4ft
9
81
79
13% May
94% May
Bulova
:
13
79% Feb
16%
Jun
Jan
Jan
10
May
72
Mar
95%
preferred
Inc_.
23%
May
14
88
100
3.60ft
14% May
5
5
common
common—_No par
.
300
'
95
1634
'
Co
2 ;
Buffalo Forge Co
4
"Buff Niag El Corp
7
Bullard Co
i—
26
Jan
(The)
; 1,900
;
1,900
'
20%
13% May
120
—■ 200
29
92
,
,
8
t
*90
-
29%
'
28 "
> 28
;
y
2,400
■'
V
34
934
974
2,400
->< 65
*58
17%
17
•
"
•/■"
27%
2834
*93% ;
95
*93%
"934
974
7,200
,
3834
774
8%
65
/■
120
500
*33%
35
*8
*58
,
* 29%
'29 Va-
30
27%
92
9%
934
^
29-
1734
2734
334
*34
65
'58
*2634
'
95-r
17
*90%
18%
9 34
934
"
*93 Ve
17%
7a
8%
8%
8%
'
"
9%
35
"34
35
8%
'
9%
*3
3%
26,100
43
20 */4
-
500
46% > 4634
*88%; 90
*374
334
4674
90
V2
25%
v
3834
3874
46%
*88
90
3'/a
3%
-
*34%
/
-
65
4634
*88%
'
■>■'.,?>
35
35 Va
*3%
;
90
•
3834
39 '/a
46 Va
46
*88%
3%
3%
3834
:
3874
>46
.
90
' 8%
65
3834
=
46
45%
*88
3%
*52
39
38%
45 Va
90
;
-
31
82%
42 >,
2074
V'v
>..
2574
2074
4274
21
100
....
r
?
1,300
16
347-4
-
31
'
74'
4134
2,200
> J
82
,
3174 ' ;
:
-
2134
*
-15
-
25%:;- 25%:
26 y8
'31'.,
'
4134
7%
—No par
19% Jan
16
31
84
2074
2.50
common
25%
31
,•>41%
No par
preferred
.
,
25%
30%
,
2074
,100
—
25 %
84I-.
•
85
A
42%
*34
No par
common
preferred
Union Gas
3474
.
GOO
24%
*34
16
*34
2034
*3%
Feb
&
*15 Va
34%
4134
45 Va
Bearing Co—
,_5
Airways Inc
;—2.50
Brewing Corp of America,—
15
Bridgeport Brass Co._L-_;
No par
Briggs Manufacturing
_No par
.
16
*33
42%
*88
100
Feb
31% Feb
*15%
3474
:
20%
38%
5
.
16
♦33
Shares
13 Va
*1574
*15%
for*
29%
23 34
„V
,
42
.15
:
Corp
29%
1374
29
20%
—1
preferred
26
3034
30%
*82
8%
*83
f
"
1,000
$ per share
shore
♦28
•
25
24%
30%
—5
71
8% Mar
29%
24%
16
8
$ per
$ per share
♦28
29
13%
3474
>>••:
the Week
24%
*33
400
12%
Sales
13%
15%
700
>
60
Mar. 5
24 Va
;. 34%
133 74
60
12%
Friday
13%
*33
3,900
-'■'/ 23,800
Mar. 4
24%
*15%
800
:>■
.,.
>'
32
Thursday
1334
2.50
2834
*
3134'
1,400
V
Mar.3
24%
No par
11,200
Wednesday
1334
Feb
7% Jan
67
29
>
V >>
v
24%//
*133:
12%
-
88
PRICES
SALE
,$ per share
•
12%
24%
Brass—,
(The),
cum
1234
1
'28%
,
13%% 1374
Braniff
6%
Co
3Va%
1234
-
1
60
2334 / 24%
1534
1534
A——.—No par
class
Borg-Warner
1234
Tuesday
■
133
*
*59 '
100
•
13,300
24'A
2474-
•
32%
3134
133
60 %
13%
Roller
1
*■
Borden
32%
133
60%
23%
No par
Sep
Jan
31%
132%
•
13%
B
55
49%
2874
23%'
Bond Stores Inc
102-
38% May
2874
—No par
Co—
Aluminum
Class
29
?
,_1
Boeing Airplane
5
*24
Mar. 2
29
\
24
J
1834
v
13 Va
Co
Co
29
29
24
1234
;•
t per share
$ per share
2434
60%' ,i..
Mar. 1
*28%
No par
Laughlin Inc—
Brothers—
Ami
Monday '
Feb. 2H
*84
28%
32%.
.
86
60%
LOW AND HIGH
Saturday
EXCHANGE
Highest
.?
^
.
24
*84
'
200
'
•
1934 "
;>i83V
24
87
24
%
*131% "133
60 %
*59 Va
STOCK
NEW YORK
31%
V-:
134
80%
18%'
1834
24
♦84
24%
: 27 %"• 28
1
.
"
'
2774 ...28'A
28%
18%
V
86.
600
2,500
•
94%';
94 Va
,94%
2874
2834
1,600
.
'
"187a
*18%'
19
2334
•
.
2334
♦84.;
1
■■•>/'>:
2,600
>120
• :
.>■> ;/>■
32% .33
1734
*18
10
92~l„::
*29%
Va
33
1734
19
.28%
18%
•
J 2334
/"V-1
STOCKS
Lowest
10
800
16%'
*39
14 Va -15%
♦93
94 %"
27% 'v 28%
24
60'A
..
600
87
16% f
.4
10.:
.
32%
33%
33%
1
1674
:
/
*30
32
*18%
•93%
-
2334
i 86
28
/
.
94%
2334
2334
•131%
—100
Carpet-,—„No par
Electrici Co
No par
preferred
Blgelow-Sanford
400
20
34 34-
'
-
92 r
10.
10%
x31%
1434
1634
92
94%
> 1034
";i> '•
1*18;%
273a"r >"
,;
•83%
87
27%
—1
10
5,200
2.200
2074
87
*92%
33%
17% •18%
17%
23%
23%
.
600
-
35
>> '9l%.
>
;•>
35' :
'
■
'
1
'* >
>
39
34%
35 •'
9 74
:
34%
18%:' 18%.
1834
"
26%
23%
*83%
50
600
227a
v
3434
1034 *->;
33%
•
18
-
*93
27
26%
—5
2,100
4334
*38
38
5,100
,
;
,
2274
> '
-;/;■'
63
Va
■:•'■■■ *42
2274 ? 2234
-
87
*30
30
1434 \ 1434
18
v
9%
22
-
*39
'
89
1434
34%
14%
1&'%
Co
7ft
,
Range since Jan. 1
Year 1947
Lowest
3 Vb May
V
9%
10%
-
*30% .32
pfd $3.25 ser of 1946-No par
Range for Previous
37% May
Dec
22
*16%;/17 •.
*92% >94%
10% \ 1034 k
10%
10%
*18
Bethlehem Steel (Del) newcom
Jan
137% Jan
23!
30% Feb
Dec
46y» May
88%
4334
2034; .,1/;
*87
94,%'".;?-•
*30 %
10
Foods——
25
*43 74
*6174
'
*16%
Bendix Home Appliances
33%c
Beneficial Indus Loan coin—No par
2
Dec
45%
-4334
33% ' 3334
V
> -89
10
preferred——
24%
May
64%
43 Va
16
16%
64%
934
—1
50
(Aviation—
Bendix
.
77 y2
25
16
64%
•
Feb
'
80
I per share
17%
/ 16 "
16%
*63%
.
34% V
2034'
common
/i7»A
1534
'
41
v
33?a
vr-
.9%
1
Co
9,600
1274
'
33%
•
20%
Corp
Howell
41
*39
6,700
10%
1734
17%
17%
17 Va
"
13
.10%
22%
>22%
9%
Co,
200
14 Va
*1334
1034
'.
64%
43%
22%
1
Packing
13
..1034
4334?:. >
*63%
20%
Belding-Heminway
16% May
133%
: 1734
'-;T5%*
,15
;
20%
9%
2.50
100
RR„;
10% May
17%
4%%
15
100
*
Corp—
Aircraft
40
18%
1034
25
Inc
Si
(A
5% May
12% May
pfd
14
1234
107/4
'
1234
*20
common
14
12%
14%
*14
.
"
Corp__
conv
cum
9
100
4
Foods
3?4ft
Jan
18% Feb
26
Mar
92
...
•
11%
1234 : 13
-
-V
17 Va
'
*22
33%
33%
1
,1„—No par
Bayuk Cigars Inc
9'A Feb 24
1«% F«b
11
10%
17%
13'»
•
17%
17%
16%
—5
Co—„
Dec
20% Aug
14
~
Barber Asphalt Corp
Jun
110%
•14
non-cum
18
8%
14
*62% 1 64 %
> 42% ••'. 42%
&
1
13
Inc
Locomotive
*
.
4
Mar
20%
14%
14%
12%
100
T>
(B
1014
1074
397a
39%'
-t-T +-
1
10
1074
10
1074
1074
10%
40
40
*39%
40%
*39.
41
*11
12
*11
12
*1174
12
*49
51
*49
51
*49
51
22,900
300
••
Range for Previous
Year 1947
Lowest
102
Lowest
$ per share
Nov
128
Jan
100'% Feb
Dec
39 %
Jan
38
Dec
50%
Feb
21%
Oct
45
Oct
>6
Jan
7%
29 % May
132
49 %
May
109% Jan
Carpenter
Carrier
3
Conv
2
Carriers
9
Case
5
•
138% Jan
26
61
13
19
Jan
108%
Jan
97
Feb
10
102
156
Apr
123
Feb
11
137
Jan
19% May
32%
Feb
22% Feb
28
27
19%
Dec
21%
Feb
19
20
Dec
22 %
Feb
17% Feb
7% May
.7% Dec
14 %
Jan
6% Feb
10%
Jan
21
Feb
22
2
7%
Jan
Jan
2
105% Mar
Apr
79
Feb
4
80
Jan
4% May
6
11
Jan
Jan
7% Jan
Opt
11% Feb
9%
Dec
14%
Feb
8% Jan
35'
5,
12% Jan
22
Central
*
26
NY
Pr
13
Mar
22% Feb
11% May
19
28% Jan
Cerro
21'A
Jan
13% Feb
10
17% Jan
30
Oct
Certain-teed
24% Feb
28
33
Jan
Feb
17% Feb
18
22
Jan
Ja,n
90
16,
19 % May
.
100%
27
Dec
110%
Feb
Chain
100% Jan
20%
Feb
23
Jan
30 %
Oct
26% Feb
25
40%
Dec
28% Jan
Jan
40%. Feb
14.
45% Jan
9
81%
Dec
3%
102% July
Apr-
84% Jan
2
29
11
'5% Jan
14
11
9% Jan
14
12 %
Dec
9% Feb
11
12 % Jan
2
6
24
7% Jan
14
8%
,
Feb
15%
Feb
Jan
12 / Jan
10% Jan
2
7% Jan
2
.
Dec
6%
Feb
4% Feb
6% May
23% May
Feb
7% Feb
11
'38%
Feb
31% Feb
Jan
14
Nov
35% Feb
5%
Feb
.15
Feb
20
19% Jan
Feb
35
Feb
11
40
,20%
Jan
34 %
51% May
Dec
28% Feb
11
33'A Jan.
16
54% Jan
22
13
,45% Jan
10%
Dec
15%
Feb
15%
Jan,
21
Feb
11
52 % Mar
22
Jan
2
Chic
11
12% Jan
12
Nov;
7% Mar
10
;
32
Dec;
42%. Mar
Feb
18
35
Sep
66%
Oct
52% Feb
11
23
Nov
29%
Jan.
96
23 % Feb
4
Dec
111
Feb
95
21% May
37% May
Feb
26
96
Jan
28
21
Feb
10
22% Jan
2
26
40'A Feb
17
.31
4% Jan
48 %
36% Jan
Nov
29
11%
May;.'
78
Dec,.
12% May
Jan
34'A
v
8
Feb
94
•'
'
Mar
2
'
Jan
21
10
Jan
Jan
6
80
Jan
9
6
19% Jan
31
33% Jan
10
Clark
29
Jan
5
2
107
95
Jan
80
Jan
29
85
43%
Jan
Jun
10
37% Jan
12
105% Jan
6
109% Feb
-2
27% Feb
11
Dec
27%
115 %
Jun.
Feb
35% July
.
106
Nov
109
Mar
71
107
Jan
Dec
Jan
72
Jan
2
42% Jan
31
5
101
14
42%
Dec,
14%
DeCi
May
32
57
24%
.
Feb
Feb
14% Jam
,
39% Mar
30
Dec(
Dec;
48% Mar.
■:1
154
Dec
...
Feb
91%
74
Dec
44%
5%
Cleve
4
t
Feb,-3
15% Jan
5
$ per share
36% Jan
8
142% Jan
16
27
91% Jan
-.'141
May
x61'%
1140
"33
-May'
9
65
18
Feb
Feb
62
'
183
Feb
25
63% Feb
22%
Feb
94
11
-
Oct
16
Oct
12% Feb
11
16
Feb
11
18
Feb
11
19% Jan
Feb
May'
11
17'A Feb
13
16%
Feb
Dec
32%
Jan
10
Nov "
J 11% Dec
^2%
..
63
Dec
1?Q%
'
32% Jan,
12% Oct
"Apr
May'
"•"""3.6 /'•
36'
87
'
2'A May
Dec'
94
I
Nov
104%
95
38% Mar
25% Feb
14*
Mar
-
Jan
4
Nov*.
x28% Jan
8
2
12
30
Jan
12
31
Feb
3
4% Feb
11
Consolidated
5% Jan
2
5
consolidated
23% Jan
r
103% Feb
10
105
10%. Dec'
20% Feb
15% Feb
40'/4May;
54%
Jan
30
Jan
17.
:
May"
12% May:
10'/2 July'
II
30
<
'
19%
Dec '
11
Feb
24
42
Feb
32'A Feb
19'A Feb
17% Mar'
114% Feb
,"48
'
3
*
38Feb
Dec
-32% May
94'A
Feb
13
9'A Mar
43% Feb
'
-Dec'
99%
,
12% Feb
.
Feb
Feb
19 % Feb
11
Conde Nast
5
Consol
18
11
Jan
51
Jan
2
11
25% Jan
19
15
20
15% Jan
16
27
35% Jan
16'
100% Jan
2
Jan
11
42 % Jan
Dec
104% July
20% Feb
94'A Feb
10
98
-Jan
11'A Feb
18
106%
Apr
13 % Jan
17
85
Feb
11
Feb
Jan
14
30% Feb
5
33% Jan
5
93
3
98
Dec1
9
44%
110% July
13% Feb
May
44
May
6% May
35
Dec
Feb
6
55%
Dec
Jan
11% Jan
55
54 3a Jan
14% Feb
13
27%
Oct
43
19% Jan
22
55
Dec
50% Feb
5
May
44
Jun
Dec
12% May
Dec
51%
For
17%
■
55-
Oct
Feb
13
44
Jan
6
11
17% Jan
13
-Feb
13
47
Jah
14
13 % Jan
2
Feb
10% Feb
11
Jan
50
13
see
page
26.
Feb
54% Jan
2.
Cigar.:
Edison
11%
400
*16%
17
200
3%
*3%
35
55%
*32
56%
35
55%
3%
*32
500
35
55%
54%
55%
16,800
24%
24
24%
5,400
.
i'i.
'
'
*24
24%
95
24
95
24
*91%
98
*91%
21%
21%
*21%
22
21%
39
21%
39 y4
21 'A
21'A
29
38%
39%
39
40 %
39%
40
4,100
-29%
29%
1,300
29'A
29
29%,
8%
98
*92
98
29%
*7%
29%
*7%
"7%
8%
*7%
*76'%
81 Mi
*76'%
*16'A
*29%
16%
81'%
*76'%
81%
16%
16'%
f
100
500
8%
81'/a
16'A
16%
29%
16%
*29%
30
30
190
*160
190
*160
*82
85
*82
85
36
36
*109%
36
*
16
85
16
16%
30
*160
f
29%
*82
85
*82
3t>%
36%
36'A
36%
*109'A
28%
109%
109%
109'%
20
28%
28%
109%
28%
27%
27%
*107%
%
27 Va
27%
108'A
*107%
108'A
1,200
107'%
107%
*106'%
108 '/4
50
36%.
74%
*73
45%
*44
74%
*73
75%
*73%
75
45%
15%
*44
46
*44%
46%
*44 %
46%
15 'A
15%
15'%
15'A
30'%
30%
7'A
7%
32%
30%
30 %'.
8%
15'/a
30%
15'/4
*30
30%
8%
8%
8%
31%
'
31%
31%
140
*138
140
83
83
85
36'%
*73
31%
190
*109%
29 %>
15'A
800
30
*160
109 %
74%
15
16
*28'%
190
109'A
109%'
108
30
*29%
190
*82
36
:
30
*160
'
36
109%
8%
*29%
190
85
83
30%
8%
-
8%
32%
140
83%
30'%
8
32
140
\
32%
*138
32 '/a
140
♦83
84
83%
of
N, Y
39%
«'■'
*20%
*138
*73
75
15
15%
\
30'%
■
*138
400
7'%
6,400
32%
1,900
.
32%
83%
3,000
30%
7%
,
8,100
46%
*44%
I
140
83%
140
83 'A
20
83'A
700
$3
Corn
K
133/4
17%
2,300
13%
'
'
"
'
4%
24%
24%
25
24'A
24
24'A'
3d
13%
^9%
"
.1
:-*32%
par
93%
93%
5
10%
10'A
10
*49
15
~50
COrP——-1
it Tr Co___20
'
.
10%
10%
11
23,600
10
10%
11
2,300
*63'
y
,
65
*64
1.500
.
67
*29%
30%
38'%
-
,38%
40%
38%
38%
1,200
41
X40%
40%
3,300
X92
40'%
29%
38%
29%
1,800
92%
92'A
93
%
92%
21%
21%
21%
21%
4,000
2%
2%
2%
2%
2%
67,600
*100'/2
101%
26
4%
'21%
101
31'A
31%
'
30%
.
'■
'
f
350
102%
1,000
26%
25%
26'/a
17,200
9%
'
9'A
*29%
101
'
26
26%
9'A
31
9'/a
9'A
9'A
31
101
31%
*29%
900
31
30%
30%
"
1,400
,
30%
*30
300
■
4%
4%
4%
4%
21 Va
21%
'21%
21'A
,
104
103%
13%
97/a
*32%
102%
'
35%
104
104
4%
4%
21"
104
103%
-
3,600
21'/a
103%
20,200
•
49%
6^*
49%
15%
21%
52
,,*51
52
104
2,900
45
20 V8
20%
13% : 13%
9%
9%
800
900
44% ; 45
20'/a
20
'4,400
;
'
•
1,500
'
12
:
*11%
12 Va
*11%
12'/a
14%
13%
13%
13%
13%
20,900
33%
34%
*33%
34%
*33%
34%
800
103
103%
103%
103
37'A
-11%
36%
37'/a
-
36%
37
*92 'A
94'A
•
94 'A
94%
11%
92
*86
•
12
13%
1
%
•
•
103%
103%
470
36%
36'A
94'A
*92..
2,800
,
,33'A
32%
*93
94
12%
*86
12'A
12'A
.
92
12%
•
*86
*12
92
*86
12%
\
'33
33 %
'
1
33 %
33 %
33%
94'A
33'A
*93%
94%
10%
10%
10%
500
49%
49 %
49%
2,300
6%
6 "8
6%
9,200
8,600
'
93
93
*93'A
*10%
10%
*10'A
49",
40%
49%
49%
49%
6%
6%
6%
6%
6'A
49%
1,500
t,
92
,
'
10'A
49%
20
,
'
'i 10'A
'j-t
200
•
-
"
50
50%',
1
,
300
•
49%
50'A
*15'A
15%
15%
15%
700
21,Va
21%
21%
1,500
52
50%
13%
51
49%
50
5,100
'
*15
-
15%
15%
15'A
22
22%
22%
21 %
51
50%
*50*4
13%'
50%
'*13'A
14
13%
13%
46
*45
45%
45
45
*45
'
22
50%
»13^a
13%
i*13%
13%
•13%
'45%
46
*
45%
*45
45
9%
44
94'A
36
*92%
'
49%
15%
20%
12
103
103
,
6%'
21%
20%
13%
9%
45
14
' '
33'A
33
50
15%
,
'13%
35%
22-
13%
9%
44%
20%
'20%
*11%
11%
12
/
*86*92."
32%
33%
6'A
9'A
13%
'
94'/4
94 /
94 k
/ 10% M0%.
13%
44%,
'
,
'.
13%
9%
9%;
44 y4
102%
"
*92%
.
.
"ri
13%
"33%
*51
No par
5
%
10%
20
1,000
f
21%
30
4%
44
'13%
49'
49
30%
21%
*20%
;
23%
2'A
100
'30
14
43%
49%
6'A
12
24
23%
92'A
9'A
-**11%' ' 12
36
11%
.'92'
32%
33%
-
12
24
24%
21%
-
26%
:v 20%"'-'20%
,
94%
*85
v
22
.2%
26
103%,
*13%
'9%
•
•
103%
36*
*92%
11%
93
4%
12
24
•
"
33
-103
•93
21%
400
200
280
29%
38'A
40
*9
•
103%
'
11%'
,13%
38%
39%
100
30%
'•"* 4%
65
29%
8%
30% .!
" '21%
20%",
11%,,
13
1
30%
*30
44
;/20%
»
99%
13%
-
10
10%
♦63
26'/a"
"
14'/4
2,100
16%
-,13
13%
,24
10%
38
'21%
26
16%
*12%
"
30
:'f..:2'A
10%
435^
65
10%
39%
•
16%
12%
12
-
10
•
.
"
29'/2
37%*
13'A
16 Va
24
12%
u
2%
"
10%
10%
*63
•
39%
'* x8%
21%
;
10
65
30
13'A
190
■
10%
'"10%
94
103%
13%
*12
24%
21%
*
4%
21%
*103%
-
13
13%
1,100
%
*13%
237/a
*92%
8%
30%
30%
30%
14
24%
x21%
•
.99
*30
14
*23% > 237/a
'•''*> 2%
99%
2%
26%
r
14
39'/a
39
12'/4
*12
37%
'39%
93
22
83;4
*
12%
39%
xl3'A
16%
12%
*13%
*63
' *
37%
26%
'
13%
*16%
12%-
10
39%
99
-
13%
16%
13
13%
"
par
13%
16%
*12%
i"'10% \10'/a
65
2%
.
*24%
29%
,-21%
k/—.1
JL
me^r,°
Exchange Bank
1,500
17%
20%
•' 17%
j
*12
10
'
#92
jwr
common.—20
>nSi?S?itPrei,5i'.!eriK
20 Va
18
16%
39%
com..No par
—No par
common
90
20 %
18
12%
*37
of De]aware.—...5
Co
90%
20%
18
133/8
*63
Prelerrwi—i-100
Copperweld steel
90%
20 %
18
12%
*29
par
-—NO par
pxioy preferred—
90.
20%
90 %
20 %
18
*16%
10
^!00
—No
90
20%
16%
'
850
39'A
12%
24'A
1,000
,62%
•
39'A
177/a
135/3
23%
10%" 10%
164
*62
*1200
39%
20%
*23%
*162
62%
90
17%
12%
164%
62%
*1200
Shares
39'A
20%
#24
;
f.
161
62%
"
for
the Week
,•
*89%
13%
-14
160
62'A
*1,200
Sales
Mar. 5
S per share
*39
17%
*12
160
,
62
*1,200
Friday
Mar. 4
$ per share
39%
20%' ■"
-14
Thursday
$ per share
,
90
39
*89%
»i6
«
Pibre—
"
PRICES
Wednesday
Mar.3
159%
.,62
r
'
<>12
store8' Inc.—-1 .1
.Can Inc
—"
131/,
t
Natural Gas
i\ ^len
159%
62%
17
—No par
"J114 6%
393/3
SALE
',
S per share
159
*61%
*1,200
90
-
com„No par
VuiteeiAircraft.^
*156
HIGH
Tuesday
MaM
Mar. 1
$ per share
156%
62%
90
par
el Corp
—14
cooper-Bessemer Corp
com__No par
•
'/Monday
Feb. 28
*
.No par
..
SSi'??
rnntK*11!*!
5
Jan
61
*32
•
*11
17%
*3'%
11
*76%
62
Coppermines Corpj_u5
} Insurance
10
24% Jan
Feb
35
56'A
11
*16%
.
3%
8%
156%
—25
continental-Motors
2,
53
20%
footnotes
17
17
V 3%
21 »/a
*1,300
Publishing Inc___No"par
Inc———No par
P/e,fe"ed
5
8'/4 Jan
11
8,500
81%
par
,__ioo
1.*—;.—No
rnnJi«fn»Plamond
2
27
19
12%
Jan
Feb
52%
39%
t per share
par
America com..20
10
20
46% Feb
51%
21%
Saturday
conimon.—^.io
Baking Co
$5.50 preferred
7
10
Feb
-
14% May.
12% Apr
Feb
-
Feb
49
12%
90
52%
29%
*81 y2
South com.-No par
Continental
'
Mar
10
55%
Apr
1
300
52
*7%
* 138
..
1,300
51
39
*8%
ComkLNo par
——
P/tferred/—
Container corp of
14
Dec
Dec
*47
22
*31%
par
Consumers Power Co
com—.No par
5
11%
30%
51
33,800
11
LOW AND
Corp_2__No
$5 preferred
Consolidated
•
12
35% Feb
94
95
3.000
30'/a
39
14%
Par
^Consolidated
»
" Jan
105
3,300
36
30 Vs
*76y2
-
S"f°{Sa!eiAGr0Cers CorP---1.33%
'SSJfS «a?ndries CMP-r---5
2
27
14
15%
36
30%
29%
17
3%
23%
1
94
15%
36%
30'A
8%
v
_$6 preferred series—I——No
Commonwealth Edison Co
Jan
Mar
24
*92
15%
36
52'/a
55%
7,1U0
29%
11
*32
56%
23%
95
*44
.
Co.A....No
commonw th
11
21
23%
*30
STOCK
Sf018 ,1Solvents
&
5
-5
31% Jan
108'A Mar
11% May
a—50
common—No par
preferred w w__No
par
Carbon
11
•
55%
9,700
81%
.No par
Pictures
10
Feb
55%
1.300
8
30%
51%
i'3%
5
34'/a
29%
52%
,
7,300
30%
11%
16%
16%
3%
5
7%
33%
15%
600
6,600
9
29%
■
51'A
35
*73
cum
8% Feb
Feb
54%
15%
8%
8
34
11
.
16%
*3%
*32
50
Electric.u—No
$3.60 'preferred
,
•■
&
Coi»I"*r.ci'7k Credit
9
2% Jan
102% Mar
•
*16
3%
35
*28%
_:C!ass B——2.50
28% Feb
7
11%
*107%
2nd, preferred—;^.100
Columbia Broad
Sy& Inc cl A—/2.50
Jan
29%
-
*11%
*82
non-cum
Nov
Feb
50%
11%
16%
107
par
14"%
35%
30
:
7,800
6'%
14%
i'.'vi*,'?;
YORK
Columbia Gas
17
24% Jan
10
2
29%
29%
51%
10%
6%
34
*48
107
pfd.i——.100
Interqat
33%
..
Apr
21
•'
'41
2
2 Va Feb
4% May
*
23
96% Jan
51
100
Columbian
Jan
50%
r
Columbusi & Southern
Ohio Elec.. 10 t
Jan
50%
28
4
Jan
'
36
7.
13
4
30%
28
35%" Jan
Feb
36%
30%
..*106
$425
Jan
36
30
'
Columbia
20
36'A
•
8
90
16
36
29%
28%
10%
14
5'/a
7%
29%
No par
6
36% Jan
*5
8%
36
50%
4,500
9'/a
9
35
*48
8%
10%
"
36
51
8'A
6%
29%'
51
2,000
8%
14%
5%
8%
300
4%
•.14%
35%
—..No pat"
66% Jan
Feb
16
9'/a
5'%
C'%
34%
34
16
9%
10,000
4%
6'%
'
29%
*28%
12% Jan
5
8'/a
35
16
*160
11
27/
8%
34%
•
com—,,—1
stock..
9'A
5
88
4%
10%
7
33%
15%
*32
"
19
35% Feb
8
15%
*16%
FeD
26% July
8
34%
8%
5
41%
88
*7%
Feb
28% Feb
8%
5
41%
4%
8%
14%
800
27
42%
89
89
*76%
10
j
8%
5
50%
28'%
,
64
33%
-23% May'
30
2
123%
Nov'
8% May
..
21/
11% Jan
Oct
*25
*6%
14%
*3%
Feb
*
"
24% Jan
Feb
'•*■
,
25%
12
11."
Aug
■
4%
25% Jan
13
115%
Dec'
May*1
16% Jan
'
10'A Feb
48%
6%
14%
*16
■
100
preferred... 100
22% Feb
50
Dec
6%
14'A
*11%
-5
gtd.
10%
6%
14%
50%
10 /■
com
Co
10%
6%
14%
28%
Mar
86
*
20%
11
20
39%
May
'
Feb
22% Feb
26%
90
35%
25
5% cum conv preferred
^.20
Colorado & Southern
Ry com'—.100
4%
non-cum 1st
17% Jan
12
;
*25
x413A
,
10
42%
42%
6%
*47
No par
Mills Jnc_
/_5
Colo Fuel it Iron
Corp com—No par
15% Jan
12% Feb
May
21%
21%
10%
29%
'
—
8
.
*10'A
*89
8%
7%
par
Colonial
Jan
9»%
„
42%
90
14 y8
15%
{
$3,50 preferred
..———No par
Collins & Aikman—
No
1d% Jan
Feb
17'A
-
42
*88
8%
33%
Co com.—100
CoIgate-P*lmolive-Peet
Jan
18
-v
<
Jan
J
25
42%
14'/4
27
5
—
_
,
1,200
10%
*25
10%
Coca-Cola-Co: (The)'common.No
Class A
A—
No
Coca-Cola
9
lO'/a
10%
27
10%
,
45% Jan
21
50
11
10%
*25
13%
,
2
11
Feb
94'/4
*6%
Co.——20
EXCHANGE
■
2
20
94'A
10%
preferred—
'•
NEW
Jan
88% Feb
94'A
10%
$ per share
20 'A
16'/a May
/ 8
-May
!"
Highest
,
11
37% Feb
Jan
46'
Aug- '
May
12
•
S per share
153
Jan *J
,
105% July /
Dec
»*
*93
10%
Corp—1
'i'
93
10%
Cluett Peabod.v & Co
conr.v—No par
/
7 'A'; preferred?
il.C—f^-^1.100
2nd
93
4%
Molybdenum/—
cum
94%
14'A
8%
Clopay
4%
26 '/4
20
•300
20
8%
Industries Inc.————1
r■
*25
20'A
4%
Elec com—,—8.50 •'
4%
7,400
2K%
20
5
RR Co 7%
Special .g'd
?
14%
"'/■y
20
STOCKS
1
May/
56
Dec
23%
Va
Range since Jan.
,4 Lowest
/
Nov '
1155
.May
-
87
-
191»A
■*
Jun
Pitts
14%
8%
•
3,900
25%
94'%
90
*4% '
24%
20
8%
;
200
9%
24%
14»A
4%
Co qom—50
11%
*9
25%
14%
1,700
25%
8%
—1—1
11%
9%
70
8%
14%
8%
1
Bronze
42
*89
8%
12
<»
*25
500
80
26
8%
—No par
Illuminating
'
t per share
41%
91
>
25%
104%
*77
8%
*11%
9%
23%
104'%
2,500
20
11
41V»
8%
1,700
7
8%
*19%
27
*88
*9
3'A
8%
Clinton
5 V
10% Jan
10
'
*10%
*25 y2
2
13%
17%
6%
*8'/a
80
60
3,200
*25
.
95
27
9%
40
preferred.,,—
&
17 > Climax
Feb
"A
Highest
20 %
*9
8%
12
4%
preferred
i*
Year 1947
25'%
*19%
8%
*11%
*77
4%
....—:——W—
Graph
Range for Previous
Lowest
*24%
"
——2.50
non-cum
$4.50
9
Feb
82
24 y2
19%
HVa
80
400
18%
17%
105%
23
*25
.
*104'%
*77
8%
9%
94%
*104% 105'%
80
12'A
14'%
18'%
"
8'%
105'%
98
23'/a
7
8'/a
.
1,300
11,200
128
23
17%
7
8%
*11%
23
13%
*17'%
7
8%
4%
Oil——
Equipment
Cleve Elec
Clev
10
Feb
35'A Jan
•31% Feb 27
137
*8%
22%
17%
6%
8%
4%
_
C & St Louis
Ry
5 '.'o
14
108% Feb
7
7% Mar
••
,34
140
Jan
13
Feb
9%
13%
95
17%
98
19
60
53'%
2 3'A
*125'%
23 %
18 v4
*
19
53
98
3,600
133
22%
126
23'/a
7
*8%
22%
98
126
23%
*18'A
17%
*8'/a
12%
*10%
•
preferred——i———100
24
34% Feb
*11%
*8%
City Investing Co
common——5
5.%%
C C
Jun
19
6%
8%
98%
126
23'/a
com—No par
Co.—•—■
City Stores
.78
Feb
Nov
7
*104%
12 y8
23%
4%
preferred —100.*92
Cincinnati Milling Machine
Co
10
*21%
C 1 T Financial
Corp
No par
1
38%
City Ice & Fuel———No par
*29%
7
17%
13%
preference..No par
&
*18'A
*22%
&
Gas
19
18
105
—
32
Nov
.«!
34%
Cincinnati
23%
*77
preferred.,.100
Chrysler Corp
2
126
9
24%
'
•
25% Jan
1
7% Feb
Chile Copper
15% Jan
Mar
20%
34%
May
89
,
(
27% May
85
21
63% Jan
i"'
23
6
Jan
*98
80
'
Cotton
fChilds Co..
20
Feb
3% Feb
i
99
23%
105
.
56%
53%
800
37%
*131
2 3 Va
9
—
Chiekasha
53'%
22 va
*77
Pao RR Co..No
par
Conv preferred
series A
100
Chicago Yellow Cab
No
12
17% Jan
-
53'%
6%
37%
132
23 y4
126
7
*6%
38%
131%
53%
*98
24
*8
37
•
22%
9
19
38%
131%
*123
8%
*94%
38
*130
53%
80
•
Is
38
131%
23
8
f
2,800
2,400
22%
*77
—No par
No par
14%
40
125
*18%
17%
105
*11%
14%
40
6%
6%
53 y8
100
9.50
15
40%
6%
37 y2
*130
23 y8
23%
6% "
8%
15
39'%
6%
09
23%
6%
15
40
6'%
125
127
*104%
15
40
*6%
*Q8
17%
Co cl A——25
Rock
22%
14%
40
*38
6%
53'/a
22%
P8'A
*18%
.
: 5
;14% Feb
7
54
*17%
par
32% Feb
131%
53%
40
6%
19
1.25
RR Co
convertible
*130
14%
38 Va
130%
*125
preferred^:——.50
$3
38
22%
——100
2
:50% Feb
♦38
98%
-
Chicago & Northwest com.—No
par
5"fo
preferred——..
100
Chicago Pneumat Tool com—No
9
July
56
,25% Feb
4%
Jan-
111
39%
6'/2
37%
*53 %
Chic Milw St Paul & P vfcc—No
par
Series A preferred vtc
12
53%
200
No, par
Ind & Louis
Ry
Class B—
;
■2
27%
East
Chic
5
Nov.
32%
„_No par
—
Class A———
16
13%
Co.
Chicago Corp (The)
Chicago Great West RR
8
5% Jan
9% Jan
50O
*32'%
pfd. 100
3.40%
Copper,.Products..*—i
convertible
Chic &
23
9 % Jan
10
14%
16
:
33%
.
3 % %
Feb
7% Feb
4% May
-
Jan
Feb
4
28'/a
32%
130%
Chesapeake Corp of Virginia——.5
Chesapeake & Ohio Ry common—25
„
Jan
-
28 '/a
32'%
14%
22%
Checker Cab Mfg—
7%
4% May
8% May:
;.'v
90
5
12%
5% May
6% May
2%
14% Jan
5
Corp
$4.50-preferred
9
54%
Mar
28%
14%
——1
Pasco
Belt
40
28 y8
34
14%
Champion Paper & Fib com.,No
par
6
10.% May
10
de
103%
28'%
*32%
No par
Century Ribbon Mills
20% May
103%
*28
par
Jersey
Violeta Sugar Co...
Central
103%
28
32%
—20
Co
tCentral Rit of New
10% Jan
*103%
28
32%
*6%
par
Central Foundry Co.,
8% Mar
102
96%
16 3/
Sugar
103'%
28%
No par
—
103%
for
Shares
33%
37
—100
,common
103'/a
the Week
$ per share
%
*38
Central Hudson C- & E
Corp..-No par
Central 111 Light
4% % pfd...100
27
Feb
Dec
12%
Corp
103 %
Sales
Mar. 5
S per share
*28
14%
No par
2nd preferred
102%
Friday
Mar. 4
S per share
>
*32%
25
«..
102%
$ per share
34
.
j...100
preferred
104
Thursday
Mar.3
29%
—1
—
$ per share
PRICES
Wednesday
"28%
50
.
*
8% Jan
Dec
Dec'
series
Corp
common
preferred
Central Aguirre
77%
11%
4%
Mar. 2
*32%
—10
.
5%
160%
116
1st
Celotex
18% Feb
21
7% Jan
%
Co
*102%
—5
General
I)
$4.75
20 % Jan
xl7%
&
(J
Ry.-.—100
Liglit___.No par '
SALE
Tuesday
Mar. 1
S per share
Ohio
Caterpillar Tractor.—..
No
Celanese Corp of Amer
com—No
2
Jan
Dec
Nov
Par
HIGH
Monday
Feb. 88
common
7% -preferred
12
28'A Jan
Dec
130
22 %
Saturday
Co
preferred
7% Feb
46% Jan
Feb
Feb
Steel
Corp
1
Feb
22
&
5
11
130
53
Power
10
12
6% Mar.
36 % Feb
Jan
Feb
Carolina
31% Jan
43 % Jan
Dec
&
17% Jan
23
64
Clinch
41% Jan
Jan
39
Carolina
4
x97
"
LOW AND
STOCK
•
6
2
Feb
28%
,
YORK
EXCHANGE
21
32% Mar
Dec
158%
17% May
NEW
$ per share
18
27% Jan
*14%
Feb
47
Dec
1
Highest
$ per share
t
27
12'/8 May.
35% May
STOCKS
Range since Jan.
Highest
4 per share
'
1Qa*
I®3*
10%
11%
11'A
11%
11%
11'A
11%
*10%
52'A
52"4
52(4
52%
52%
52
52
52%
52%
51%
150
13%
j
11%
52
.
-
500
.
47
.
80
1,800
-
■
"410
'8
RECORD
NEW YORK STOCK
Highest
Lowest
I per
Highest
Lowest
4,
18Vi
Dec
32%
Feb
88 Va
Dec
105%
Feb
92
5
18% Feb
88
61%
8ep
1
4
66
Jan
175
Jan
Corn
8
12
5% Jan
Jan
2% Mar
3% Feb
29
srto
34% Jan
95
Feb
10% Mar
16
Oct
22%
Dec
30
Jan
41
Dec
52% Mar
42
Jan
2
Feb
20
34% Jan
5
24
98% Jan
2
23% Feb
22 % Jan
25
Apr
34%
Oct
98
Dec
108%
Feb
91% Feb
105% May
130 %
Oct
102% Feb
127% Jan
5
22
Feb
10
25% Jan
16
66% Feb
27
71% Feb
3
Jan
17
14% Jan
2
Feb
5
5
May
82 %
160
3
13% Jan
13
Mar
Feb
15 % Feb
13
27%
Nov
18 % Feb
27
24% Jfln
12%
Feb
Feb
19%
Oct
9
Jan
2
139
Jan
2
3
59
Jan
9
x50% Mar
Mar
70
Jun
11
7
4% May
6%
Feb
4% Feb
21%
Dec
18% Feb
13
5
23
Jan
93
Jan 22
20% Feb
16%
24%
Oct
Jan
-35%
Dec
Dec
2
Feb
25
17% Jan
6
14
22% Jan
9
Davison
12%
Sep
25
28 % Jun
12
Jan
2
90% Jan
14
Jan
5
90
Jan
13
Feb
11
13
13% Jan
9
20
41
Jan
8
Deep Rock Oil Corp
Sep
20%
Feb
10
Aug
45%
Oct
30
Feb
May
>46%
Oct
Dec
38%
Feb
29% Feb
45 % Mar
38% Jan
Feb
7% Feb
11
11
31
15% Jan
29%
32% May
10%
5% May
35% Feb
32
Jan
10
42% Feb
19
10
Jan
9
Jan
2
Escrow
1
Escrow
Dec
14% Feb
11
25% May
Dec
33% Feb
11
41% Mar
27 % Mar
20% Feb
13
21% Jan
•
Dec
59
13% July
6
10
Jan
2
Jan
9
15
Feb
11
42
Feb
13
44
Feb
11
19
Feb
Apr
-47
Jan
36
42% Nov
17% Dec
,50
Jan
38
Feb
16
-
-■
18%
11% May
15%
Feb
11
16
55%
49
15
29 % Feb
Feb
Xl7 % Feb
16
Feb
13
May
"
19%
Dec;
28% May
76
.
91%
Dec
2
Oct
98%
Feb
83
19
Dec :
Feb
•
6
Feb
90
21
■„
2
■■■*'
13% Jan
26
16% Jan
5
164% Feb
27
187% Jan
120
Jan
6
97% Jan
20
Jan
13
107%
Sep
Feb k 11
94
Jun
113
115
'
Range for Previous.
Year 1947
'
•
88
16% Feb
Dec
4% May
50% May
-
2
12
Feb
85
Mar * 3
..
:
16% Jan
13% Feb; 28
Feb
Feb
102
;
Ekco
2
18%;
.
34.
preferred
4%9i
95
32% Feb
35% Jan
19
Jan
;; 1% Feb 11
19%
Feb
13% Feb
,
July
Feb
Electric
common.:
'.*12%.
5
-
*85%
13-
>
preferred
v
-17%
39
-
-
*165
'.19%
18 y
-'47%
r
*>.''-♦ 17%
r
Feb
10
150% Jan
5
$7
11
139
Jan
13
$6
i
49% Feb; 10
56% Jan
14% Feb. 19
17
85%
f.-1
85% A-,..'
13y8
:
2.50
13'A
v
'
>>'5y2iy ,5%
»'• v/'
:
<
Oct
55 % Feb 13
62.; Jan
17
Dec
12% Feb
16% Jan
9
Dec
21% Jan>-5
El
12
!
-19%
12% Jan,;
Jan
38
4
2
29% Feb 16
Apr,
Mar
107
•
preferred
preferred
..
L 45
44%
3
•y
-
■45%'-
45%
-f-y.F l
,
*33
:33%
*33
•
i.
Battery
Natural
Paso
24!A Feb* .9
11% Mar
13% Feb
5
%
-.143
Mfg Co
:■('
*142
144
129
*127
i
44
16%
Feb
97 r
27
34 hJan
102:
f
25
•
8
(
Jan.; 6
52
'*!
*50
*55%
5
'
13
y
•''>:: 22
5
Empire District Electric Co^.;
■
(
13
15%
<>■■.
A
: 56%
*
19
Apr
97% Dee
—For
•
4 Vs Jan
5
5% Feb
11% Jan
3
Equitable
11
5
Erie
11
57% Jan
9
RR
100
1Tb
""4
:
'45' 46>?
>:■>'
'
Office
Bldg
i
21%.
13
par
-A
a;
,;>■
6%
-
130
*50%-»
51
57
-
57%
•
-
;
4
.4'
'
50%
1^
f
>
■
38
6
*
Feb
,
Feb
Jan 23
Jan
42
Mar
31%
Feb
27
Feb
9%
Jan
14
Eureka
Jan
i9
Evans Products
11% Jan
47,
Jan
7% Jan
Williams
5
..
8
Ex-Cell-O
9
Inc
:
Corp
Exchange Buffet Corp.
j*63
{
l
,Y
9%:
65
•
'-{•«• 8%>;
7
•■•7%
*15%
115%
>7%:
,
16
*15 »f-,
"
*62%
-
;
.:
-2.80
..•V
ivtf62YWA 85-
6%
-
6%
;
:
;
39
•39
..t'
7
;
;■
7%
r
7%
-
15% 4
8%
8%
8%
8% f <>,
39 %
*38%«
.
'•••
9%
51'A
■A-4 15%
*
*
391/2.
*6%
t;
7r:.:-
;
'
..'t'
6,300
7,200
*33 '/v 33 %
1'%!.
y
•>"14%"" 16'-%
51
4
600
51
*
13%
-13%
*13%
io%
•
500,
1,400
■
1,300
13% 4
ll-
1,000
>'
31% / 31% >>'
98% >98%/';j>
>300
31%
4%
4%
9%
A 51%
A1
-
4%
4%
-
9%
10
51%
*62y8f 67 r-_
>
*62%'
;
•x7y4
'7%
♦15V2; 16"
A 7%;;
8%
'
'lsyz"
8 '
7%
.4
41,.,
V *6%
39%
39%
#39'%
>
::
7%
39
-
4*6%
'7
67
5,300
1,000
800
•'
•
(I
300
7%,-U
*15%
16
2,100
.
A.:-,
>4.1
-7%,:. t'A
:*7
300
<
>> 50
9%
*51% -52
■
7"*y" / 7%
'4*6%" ;6%
39% *
'5-
>11%
13% 'k 13%/
98%
4%
500
11
13%
*97%
10
A
ii
•
>31%>
52
65
300
15%. ti
9%
■
60
V
.
57%
*51%
*62V8
700
15,400
.
•
132%
1
:
v
145
132%
300
.
f/
*l.1%
>145
•
1,700
0.'-'.
45%
»
30
:-i
103
.
5,000
13%
15%
'
*7%
$
Eversharp
9
Corp
Co
7,100
39 rA >;«■!•
;:>700
16
6%.4V
•>
200
'
,-.n
.
F
28% July
107% Jun
see
2
Fairbanks Morse 8s Co
5
Fajardo Sugar Co of Porto Rico
No par
2o
8
Jan
2
35% Feb
11
37% Jan
12
18% Jan.
5
Fedders-Quigan Corp
Federal Mining 8c Smelting Co...
Federal-Mogul Corp
.
4
* 8% Mar:-1
20% Feb 10
90
Feb
9
7% Jan
Federal Motor Truck—/
25 % Jan
9
Federated Dept Stores com___No par
Jan
23
99
Jan.
4%*
5%
*36
2
2
11
__No par
convertible preferredi_loo
'
12%
l
|
43%
43%*27%"
-
Farnsworth Televis'n 8c Rad Corp__l
14
page- ?6,
51% Jan
31%-Jan
20
5 % Mar
11
42% Mar
23% July
>14 %-' Feb
1
17
16% Mar) 3
Dec
footnotes
,
Feb
Feb
14%
.
10
9
19 ;
SO
i • !• 65
4%
4%
438
51
'.'
'
13%
98%
1,600
—
57%
*13%
%v" 31%:
♦97
1,100
-
•?
60
-
27
7% Mar-5
Oct
13% Aug
.
Feb~27
~7
Feb
Pittsburgh RR Co.:
*
52
*31
97 >->?<"
•
11 ■'
13%
"
324K-.4
*31%
9%
9%
52
13%
..413%> ,r UT 97!«
■«
4%
4%
9%
52
> -
...11
13%
97
;
A'A
■'
31%
••■
10,800
V
4169
> 57% ' 5T%
57%
—
38ys> 39
.
,
15,800
>2,800
,515%'A 15 y2
-13%-13%
900
/
..
>
A8%"-'48% 4
18» 18
A
44%
51%
5i%-:"
Shares
rVl3-%> 13%"
131%
131
y-
-'-51%
*57
y
'i-
145 >
*142%
20% A 20%
*100
"v 14%''14%
A-
*15% '• 15%
yl3%" 13%
•:
/
•>.*17%;". 18
45 *A
.
th« Week
>A:17,A-> 17%
V
300
Sales for
A'
share"
13%-
6%
."
*1%"'
-
131
*51
16
?'•
J
142
"y
33 4
22%
.
*13%
"97
4%
:•
9%
>
*51%
*.100
>
•
A *83%.A 85%
!' 103 :
33
,141/2 v 14%
142
*127
142
f
*-15 -.r'
-'.i "-
-
.31%.
Al
«' 32 :
t-! 98
4%
1
No
common
preferred series A
Erie &
Mar
,
5%
■As *13%.
*164
X13%T,13%
'
"•yl i%A:I%
14%* ■'
y-
-
85%
X45%
•
13%
13
33 %> 33%
i%
n
142
*127
56%
13 •;-.
v.;
*13% ;• 13%
>96
:■
»-All4'r'C'>-114! •;'
$ per
-
100
.y
i",*>'••"■''400
95 %
95% I
*17% J 18 C>>
• *100
"
'
■■
Mar/5
48% "
;•/;
V
>' 166'J,A- "
A116%: 116%.
•:
13% -14%
■..i"-i6 '-'-4;- 6%
•33%>y
■
14%-
>
A
'
15%.
56 y8
-•:>
-
% '' 22%
4*30'A
25
■•4%1 preferred
50% Feb
t', 25%,Jan
May
9% May
H s
50%
,50
'
^.•4-
(A.!
10
Endioott Johnson Corp s common
-9% Feb
-
13% Feb
May
Dec
'-13 j
:
>33%3
:
Feb
24%
4% May
11% Dec
32
■*
130
^14%. •; 15%
4
:j.
i.jj
Feb
:
25% Jan
A>103
169
*84
-
143
-•
*127%
3
Rndio & Phonograph.
New
Dec
*85
.
7% May ';
*6% Dec
>'
Vf'1 13%
♦100
>eys>
12W
-
14 y8. M4 %■'>-" V
'
18
Gas
1%
1%
y
? *.i4y8i';>i4%
;.__No par
Emerson
4%
17% Dec i
10% Nov
38%--30%
48%
*
>
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'
par
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No par
Electric
12%
Nov;
32% May*
:
■•33 %'>'■• 4:
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67
Dec*
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47% May
i-r
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88%
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-
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,
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r.A,
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i
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>
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$
Elgin National Watch Co
>6
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11
;
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100
1
Light com__No
Electric Storage
9
Jan
24%
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63
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20
>
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LOW-AND HIGH-SALE.-PRICES
A.r:ty
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t per share-
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14
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*114---1 PP&fty*-114% 115
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Mondayy
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Electric Power &
17% Jan r,7
Oct
-
May
3%
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13%
167
i
98%
95%
k>-
95% V,
-
167'%•;>.. A-166^.'-
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18
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A
18 '
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;
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/
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18
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a
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553,4»
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Elec & Mus Ind Amer shares..
2Va Jan;, 2 '
11
18-•
.
-
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-
_10
,_j.
:
-
;30%-, .30%:
y>
V.
15%'
33%
>
.
■
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>.
47 r/2
48%' A
'
Convertible
123% Feb
139
Boat
30
•
13%
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e
33%
35
-A- '36.>'AA-33%v 34%.W A-. 34-% .>34%.
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95
23%
23%
>-*83%;" 85%
5
.
a
18
i:
•
38%
f 17y8/
■i13%
15 %
700
1,100
.600
; A 5,200
37 '
17%
48%
:
33% "33%-
-
•
Feb. 28A-
(The)
f
18
f
56% ''i
'53%'
>
34 'A A";
.,
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100
19
Jan
30'
48%-
.
24
v
38 y2
":s
14
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15%
:
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18
:
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y
>
18%
y'18%"
.
Saturday.
:
-15%
48%.A 48%
V,.
18
30%
4
53% ;,v
51%
loc
common...
13% Jan
13
10% Mar
/,
so
18 A
•y'
•
i5%.
.
*14% " 14%
36%
50
:
1.C00
-A A 600
A: ioo
A 900
-
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..yy
33%
30%
A
: >15%
'
11
17 %
13%
13%
13%
33
.
*48%
*
30%
J 18 %
■;
20
preferred
Products Co
Feb
'
~ll%~Dec
Manufacturing Co
4'A%
19
.
6% Feb.)
>24% Mar
9% May •'
13
15
33
-
f
50
4
15
•
33
■
38%
17%
7,200
*23
r
*38;.
:
*10%
14%
36%
36%
38'/a
10,800
'
60
>
24
24
35
20%
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y
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13%
10%
23%
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36%:
A
9.800
18%
35
a:
60
10%
15
38
!v
38 % yk
13%
8,300
20%
23%
"
.
24 >y
24
.16%; 16%
V
13%*'
•
•
Corp__,
11-'
i-
16%
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r
-"yy:
37
37
-11
11
23%
;,.;,38%
2,200
8%
17%
,
20%
500
40%
-.8%
"
*58
60 ■'
:i
X23»A' 23%
15>vVA,
v.
23%
k.Ar'y;
37
16%
15%
30'A
50c
preferred.:
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:,
-
23%
'13%
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.No par
—No par
Kodak Co common
Feb
*
|
.♦48%
-1
Electric Auto-Lite
57%
14%
39
.
*58
10%
24
i
23%
*37%
13%fi 13%
*3144 kt
IB
Elastic Stop Nut Co^j-;
'■
16%
'
♦15,
Edison Bros Stores Inc common
Jan ! 12
106:
24
5% Jan > 5
39%
Dec
10%
23%
*36
>
'
10%
.10%
37
.38
60
>
'
.1$
2
171
*58
y.:
60
*58
.
v;
ii
20%
20%
■yj,''; 31%
40%'
1,800
5,000
;
31%'
.
y;
18%
1,700
?
36%
36
,
8%
18%
>.,20%;- 20%
58
16%
•
:r.Y.: 8%
36
,v;
Stainless Steel
8%.
8%",
20%
20% V
x32%
5
;y':
2,300
32 7A
'
20%
38
2
1
41%
36
23
v
•yy
20%
'
-
6
.1156%
46% May
•
91% Jan
41%
31%
41
31%
37
.
33%
36%
x35
-39%
-
'
'
.
Eaton
5
19 y« Jan
31%
41%
33
'>"•
41%
14%
STOCK
52 y2 Jan
<
Jan
15%
55% Jan
13
*1. 3%
Dec
47
47% Feb 28
17V4 Feb
32%
41
;i:v
:
31%
'
37%
* 37
40%
STOCKS
YORK
cumulative
6%
.
41%
*31%
;
"
-No par
1st pfd-
Feb 20
.
36%
:
33 kyl 34
\*J.
37%
40%
-
23%
_Nc par
Eastman
16
10%
18%
*36
Preferred $3.50 series
43
11% May
:145
Dec
»*
Feb
10%
xl7%
23%
No par
Feb
"•
135%
8
44% Jan <2
10%
8%
14%
!-i'
2
Eastern Airlines Inc.
168
10%
18%
40"%
24
^No par
Eastern
10%
10%
11,500
13% ,13%
10%
io%
13% AVv:
32%
: 500
A'A 50
V 89
*87
;
13%
*32
•;
WVr
20
.
: 26%
89'A
'
13%
5
25
88
13%
8%
*23
No par
89
*87
13%
:
500
*
.
100
26
13%
■
V-
19%
.
40
(y
•
f
19% yy'r;.
26%
,
*88%
r
•
88 v
2,200
*15% ■16
18%
*14%
.
16
8%
*23%
—12.50
15
18%
8%
8%
*10%
1
• 16%
Sep
58
89
y
y *87
y.
90
*14
18
20%
—100
Feb
33% May
•;
40y«
lagle-Plcher Co
-
88
*88
89%
*87
*87%
14
25%
y'"w,
25%
.
88%
19 y»
20
"
'25%
600
r
21% 5,21%
21% rVH'<
;..s
*15%
18
17%
common-
8%
.
*88%
:
-
37%
36%
36%
*
8%
100
common.—
65%
10% May
■
14%
*19%
•
f
y.|-14
-5
16
*15%
19%
22%,
22
:
■
21%
88%
14
21%;
137
*130
22%
87%
21%
*13%
'a;
25%
14%
*13%
No par
5
No par
EXCHANGE
?2
,
Feb
111%' Feb
•;
88
No par
Co
18% Jan
Dec
■'
*87 <1
♦13%
Par
25l/a
27%
89%
87% V
DWG Cigar Corp_
57%
.109
%
*88
89y2
*87
l
I
fi
Corp
.>
22%Jan-
11
38 % Feb* 10
162% Jan; 12
r;
Dec
104
.
.
48%;July
15% Aug
/
16% Feb
Jan
11
198%' Oct
>
:*
*19
.v
21%
137 V
22%
88%'
v:
16
*15
19
25%
*8*8%
100
—£
22% Jan 29
19% Feb 27
Apr
51v
*
25%
31%
t per share
share>
24%
42% May
18% Dec
.
;
I per
Highest
• -v \
25% Aug
Dec
163
;
Lewest
V,
8 per share
16
Nov
14% Dec
42% May
15%
19
25%
15 Ve
15%
•19%
25
14
13%
21
*130
22%
70
31,100
3,800
5y.
21%
21
21%
21%
91
13%
5
900
y
51%.
51
5%
-137
*22%
-
21%
41%
preferred*
,
I per share
:
*15%
23
5 %
.
,
20%
*130
4
137
*88%
13%
>
A.-V
14
•
5
5%
20%
,
51%
,r
100
200
:.
137
*130
137
<
,!
8,100
7%
7%
>•
A
19%:.
19%
V
-
7%
5
2,200
15%
X51 %
V'.
.
11%"
11%
v
*15%
19
*130
50%
-
180
*155
15%
7%
132,
132
X50%
53
21
41
International
NEW
7%
132 >
;
1,600
85%
19
7%
i'V. 7%
300
13%
85%
,
'
-'250
*83
"
91
21
*88%
91
'
14
_No par
conv
.
19 " 1
*22%
31%
common
Duquesne Light 5%
•35% Jan %2
Range since Jan. 1,,
Highest
Jan
v
,•
*18% '
5
;■>. 23'
23
*18%
preferred $4.59 series
v
*15%
32%
Pont de Nem (E I) it Co com
Du
15%
20%
„
-
Lowest
19%
Jan a, 2
.r.
13% Feb 13-
v.19% Mar
Dec
,
-
♦15%
♦130
i 137
31%
Co
Industries
Duplan
*2
28
*82%
20%
*
*130
41
Aircraft
Dunhill
15
113% Jan
Nov
•115%
92% Dec
110% Sep
:
Jan
lb %
12% Feb 11
V
.-
21
.
50
A
3%%
85%
52
31%
Corp-Seagrams Ltd—
Dresser
'
2
-
*82%
2,300
27%
13%
11%
11%
11%
340
*26"%
180
*155
180
*
85%
*125
'
31%
pfd
$3.25 2nd preferred
9
86% Mar
July
17%
197
May
115% Dec
.
\ Jan
:r
20%
**
23
>
*87
*155
11%
5%
4%
4%
137
-21
13%
13%
180
11%
54
*52
*40%
;
$4 preferred series A—
»-
24% Jan 30
6
Jan.
14
.
129% Aug
Nov
173
14
Jan
13
Jan.
,
100
97
Feb
13%
■>. 7%
7%
7%
*120 ?'*. 130
19%
197/«
20
Chemical
Dcrvr
13%
13%
i
67
67
27
19
♦31%
com_.
for
Match
Douglas
16
Dec
23
;
10% May
14%
56% Jan
40% Jan
97
Feb
104%
i
Feb 24
19
2
32% Feb 20
27
16
31%
& Western
68
28%
120
'-
22%
22%
67%
*67
*27
♦18%
7%
*67
68
*82%
86
lou
Mines Ltd
Dome
23%
A
94
27%
13%
*36%
Dr. Pepper Co
;■
Doehler-Jarvis Corp
Jan*
23%
19
11%
No par
Raynolds class A
Class
53% Jan
23
23%
23
*155
1
Dlvco Corp.
37% Jan
.
23
47% Jan,
-114%
May
80
v
15% Jan
Jan
;
42% July
98% Dec
»14
Jun
21%
16% May
45% May
36% Sep
,•
22%
10%
;
/ Dixie Cup Co common—
Jan
,38
47% Mar ) 5
29
Oct
39%
7
?
Distill
17% Jan
Oct
Sep
Oct
34
Mays
*110
11%
10%
partic preferred
Diamond T Motor Car Co
2'
112%
26%
10%
6%
16% Jan
13% Feb. 11
Jan
19 %
40%
•
Dec
25
Vilbiss
De
*109%
Grande West RR
ctfs
Diamond
-Jan
26
1
110%
22%
20
ctls for
Devoe &
21
110%
111
109%
*67
10%
Detroit Steel Corp
Jan
-
14% Mar
22 % Feb
93%
109%
60o
Edison
16% Jan
25
3
23% Mar
Feb
94
*15%
54
23
Detroit-Michigan Stove Co
Oct
4,300
94
16
130
Detroit Hillsdale & 8 W RR Co__100
Jan
29%
*93%
<19
-V 4%
2
31%
29%
93%
29%
93"%
29%
93%
*18%
♦130
9
26%
24%
7%
f
12 % Jan
22
400
29%
29%
29%
*15'%
*52
60% Jan
Oct
46%
46%
*45%
15%
*120
1,500
19%
> 19%
■'
300
19'A
29%
180
*82
22%
45%
13%
13%
'22%
45%
27%
11%
1,500
10%
*22%
19%
93%
*155
85%
15%
■
■*
13%
'•
11
11%
22%
46%
67%
11%
96
*93
11
18%
22%'
180
5,400
3,600
*45%
108
*26%
2%
30%
*45j/2
67
27%
1,400
4%
2%
18%
18%
22%
*26%
150
*19
19%
.
;
22%
11%
*22%
22%
'
30'A
,,
96
*93
80
2.100
:
173'A
*4%
4%
4%
4%
11
11%
*22%
22%
67
_50c
Hudson
& Rio
Detroit
10
11%
12
%
11
22%
100
.
common
Delaware Lack
*
'
6
Jan
35%
29
"A
11
16
20% May
46
28%
♦18%
Jan
17%
*
45%
28%
*
10% Feb
58
Oct
62%
Aug
10% May
46%
1
preferred
1%
Delaware
Denver
19%
20%
Co
&
Deere
-5
44%
19
___100
20
6% May
18%
*82
;
27
19
22%
13%
series B
Dayton Rubber Co
*93
96
*93
23
*11%
aeries A
2
96
*155
Preferred 3.75%
46 % Jan
*93
30%
30%
30
*66%
Preferred 3.75%
5
96
7
Decca Records Inc
Feb
33
(The)
Corp
Chemical
13
Feb
23 %
30%
30
♦22%
1
100
2.50 '
20
Dayton Pwr & Light common
.
30%
11%
;
100
20% Jan
85
101% July
30%
93%
3% If
84
101% July
84
2%
x30'A
96
No par
24% Feb
Jan
Dec
82%
24
'
2%
30%
107'A
pfd
1
13% Mar
-2%
95
common
pfd
2%
*46
1
Corp
Cum
4%
2%
108
series A
Davega Stores Corp common
5% preferred —
>15
■
Dana
,
■172%
4%
*2%
*18%
No par
%
18% Feb
23%
Sep
Oct
173 %
4%
2%
*92%
Cutler-Hammer Inc
2
'87% Mar -4
Sep
97
-
173%
4%
2%
♦22%
No par
Cushman's Sons Inc 7ft
5
,
173%
4%
29%
preferred
conv
173%
4%
2%
'
63%
63
172% 172%
172%
250
•>
97
*96 y4
*noM,
173%
*106%
Class A
17
27% Jan
Mar
Feb
64
63%
64%
28%
preferred
;
preferred
Curtiss-Wright common
Jan 27
133
27
96'/a,
63%
♦11%
$7
5
22
30%
'
14% May
•
Jan
-
26%
18% May
19% Aug
90 y4 Nov
133
Apr
132
Feb
129
21% Jan
96
64
♦93
Prior
5% Jan 19
11
12% May
95%
63%
2%
Cunningham Drug Stores Inc—2.50
Curtis Pub Co (The) com—No par
13
122% Feb. 17
Dec
147
Jan
95%
173%
—No par
100
Cuba RR 6 /o non-cum pfd
100
Cuban-Amerfcan Sugar cimimon—lO
1% preferred
__100
Cudahy Packing Co common
10
4%%
preferred—
—100
Cuneo Press Inc
5
84% Feb
11% Mar
96
63%
No par
No par
preferred
2nd
5%
27
17% Jan
9
6% May
56
5
*95
:
63%
1,600
19%
94
94
96
*95
for
Shares
share
19
19%
94
*92
*93
63%
Crucible Steel of Araer com
81% Jan
Dec
24%
11
Feb
160 "
Sep
101
Dec
113%
12-/« Feo
Jan
Jan
17%
Dec
2
26% Mar
Oct
34%
21%
165
Jan
xl6
$4
18
Feb
$ per
share
19%
19%
93
94
5
$4.20 preferred
Jan
34
$ per
tper share
19%
92
♦63%
.
Zellerbach Corp com
Crown
37%
13% May
12%
45% Feb 20
96
22
165
9
21% Jan 29
11
17% Feb
27
Dec
95
common
preferred
of rmerlca
33/t%
Creameries
15
Jan
the Week
19%
19%
19%
93%
94%
25
—100
1
Cream of Wheat Corp (The)
2
Crown Cork & Seal new com__2.50
$2 preferred
No par
97% Jan 27
13
Co
Crane
Feb
Dec
66
93
1
International Corp
Coty
Mar
Mar. 5
♦4%
preferred
1%
2
9
11%
22% May
92%
25
_„_100
Mar. 4
S per share
S per share
19%
2
4*4 W«h
40'/2
107
pfd 3% % ser
Products Refining com
Cum
Feb
Jan
4%
Dec
2%
26% May
Dec
97
Mar
96% Mar
61% Feb
169
Aug
8%
Dec
4%
Jan
75%
195
Dec
170
94
Jan
92
Jun
105%
Dec
Feb
Friday
Mar.3
Mar. 2
19%
♦19
5
100
of 1947__100
Corning Glass Works common
3% % preferred
5
20% J°n
Sper share
Par
( per share
share
$ per
share
t per
share
Thursday
Sales
Wednesday
Tuesday
Mar. I
Feb. 28
-
EXCHANGE
*
Monday
Saturday
STOCK
YORK
NEW
Range since Jan. 1
Year 1947
HIGH SALE PRICES
LOW AND
STOCKS
Range for Previous
Monday, March 8, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(1054)
f
42
43%
42
27%
27 »A
27%
27%
6 >
37%
*36%
17
16%
'*16'A
'16%
'
9
(
95
■
4
12 y8
12%
37 4
-
-
5%
5%
12%
37
-12
37%
-
16%
16%
8%
87%
*16
1
"
/
22%
94
-a
;8%'
22% "• 23 '
"22%
94
8%r5
-
*94
'
95
22%
*94'A
,
8%
2,800
42%
42%
277/g
*27%
'27 %
277/8-
5%
5%
5%'
12
>
37%
16%
"
—8% >-.f9 ■•■?,>
*22% :. 22% A
•94'
5%4
37%
16%
37
12
28
42%
42%
43
♦27%
5%
5%
12%
*36 y2
4
g'41
5%
5%
12%
-
12%
*16%>
:k>
43
42%
27%
9
12
'36%
16%'
9
500
6,200
2,700
12%
200
37%
%3*
500
9Va"
1,100
2,000
16
23
22%
23%
23%
23%-'
95 T
94%
94%
94%
95
->
-
-
70
Volume 167
Number 4679
THE
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1055)
NEW YORK STOCK RECORD
Range for Previous
STOCKS
Year 1947
Lowest
20
26%
104
59 %
Sep
20
Feb
43
21 %
..
104
May
39%
28
Jan
17
Jan
11
Dec
110%
x98
Feb
41%
Jan
30
Feb
17%
Jan
13% Feb
24
Aug
Jan
40%
Dec
15%
Feb
16
Feb
9% Mar
*
Dec
110
19Vi May
23% May
89
10% Jan
24
5
-39% Jan
.
13
Feb
3
Dec
24% Feb
27
31
July
26%
Jan
22Vi Feb
26
25% Jan
5
Jan
12% Feb
26
14% JAn
27
50%
Feb
35% Feb
13
43 V* Jan
5
11 Vi
22
Jan
10
18
12 % Jan
14
Nov
18%
Dec
77
Dec
8%
39
18
Dec
17%
Feb
11
24 % Jan
18
81
Feb
7% Mar
Oct
7% Feb
11
Jan
18% Feb
24
17%
v
9 % Jan
4
10%
21
Feb
,
Jun
12 Vi May
12% Feb
•
14% May
4% July
22%
9%
Feb
43%
Feb
30
Jan
23%
Dec
18% Feb
10% May
100
16
48
Dec
Jan
Apr
X101
Oct
109
Nov
9%
58%
149%
Dec
,11
Dec
8
Apr
37
150
Feb
Feb
11
Jan
9% Feb
11
11% Jan
78% Jan
34% Mar
Feb
Jan
38
1
20 Vi Feb
Jan
34%
87
2
28
20
35% Jan
2
1
39% Jan
3
95'
4 '
45%
Jan
34 % Mar
10 Vi
Dec
43
Dec
100
120 Vi
9%
xl22
Jan
9
Feb
Mar
9
'
General
Jan
14 '■
General
21
J7
Feb
10
100% Jan
14
58% Jan
Mills
Motors
Dec
129
19
121% Jan
23
Dec
107%
Sep
93 % "Feb
17
13% May
18% Oct
93% Jan
10
19%
Jan
13
Feb
11
15
Jan
16
20%
Dec
16% Feb
11
20% Jan
12
3
16% Jan
5
Gen
Precision
13
3 V* Jan
5
Geii
Puduc
94
:
13%
'
Dec
26
2% May
11%
19
Oct
3% May
26
May
101 Vi
6%
Apr
11% Jan
22
12% Jan
Oct
5
Gen
Public
26% Feb
2
Gen
Railway
29
Mar
Jan
25(*
124% Jan
1
5% Jan
Feb
13
110% Feb
13
26%
Dec
35%
Jan
26% Jan
7
19 Vi
Apr
30
Feb
22 Vi Feb
95
Dec
v
.
106
21% Mayr
Dec
Nov
General
12
General
123% Jan
20
2
28% Jan
J
23
24
Jan
Gen
98
22 % Feb
14
28
Jan
2
Feb
10
89+:
jan
7
72 % Jah
Jam
23
78
■85
Feb
Feb
Gen
"
16
9per
90
Feb
•'
51% May
5% May
104%
99%
Dec
-41%
95
33
106
Dec
3
31
:
Dec
Jun
Dec
20
59
;
Dec
9
(
v
4% May
78 ' May
i;
i-1 it
i.t
!
r
.
U'l
Apr
Dec
8%
95
6% May
31% May
57%
13%
r
36% Feb
20
j
.62
Mar
•
2
18%
18%
19
18%
6%
6%
6 Va
6%
6'/a
6 Va
6%
6%
313/4
313/4
*31%
31%
31%
31'A
31 v2
3,900
31%
*31%
l9:,/8
T 19%
19%
19%
19%
19%
19%
193/.
193/4
BOO
12%
13
13%
123/4
13
12%
123/4
101 Va
*101
101%
4,500
313/4
*19
12%
101 Vi
.
*100
51
"•
152
F»b-
Feb
93
Dec
~
16
Jan
5% Feb
Jan
Dec
85
Feb
141%
-i
Mar
5
Jan
Gt
■
32%
32%
,32%
34%
34%
34%
34%
93%
*92
16-
Jan
9
12% Feb
11
44
Feb
10
*9%
41%
4*%
,-1
10
:
Sep
14
>«
Jan
2
3
Jam *2
89% Jam 12
'
1«% Mar
49% Jam
'
1
5
75% Jan •:.■ 5
*95%
52%
121
15% Jan 28
31:
19%
Feb
13% Feb
Jan
.19 '»
5
Jan
13% Mar
3
14% Jan
112
Feb
5
84
2
89;
'
Dec>
-."108%
Apr
t
Oct
.
6
<1%
25
cum
Corp—
11%
5
11%
No par
*24%
♦1253/4
4%
35%
353/4
35%
35%
94
94
6,000
95
95
93A
93/4
433/4
121
121
121
98'A
98
53 Va
52%
120%
*120 Vi
93A
400
43 5A
1,100
120'/a
120%
120
98
53%
52
*97
52%
<
$5
52
Guit
$5
52%
28,500
120%
120 Va
963A
963A
96aA
97
97
13'A
13%
13%
13%
13%
600
1203/a
120 Va
600
1,100
.;
•
*76
-
*1253/4
128%
128%
128 Va
*1253/4
128 Va
*125%
Va
4%
10
43/8
43/8
43/a
43/8
43/8
43/a
43/a
24%
24%
253/4
243A
243A
4,800
*24'/a
24%
*23%
243/a
800
26%
1,300
>
4
%
24
26
26
112
112
'
'
•
253/4
26
26
26
112
' 112
27%
27
27
21 Va
27%
*23
>
V
23%
23
23
23%
,23%
98
23%
*93
233/4
113
par
$ per share
*23
233/4
200
98
*94
24%
24%
24%
24%
89
88
88
80
*76
80
•78
82
*76
80
*76
Tuesday
SALE
*93
••
Thursday
Mar.3
'•
,
.No par
/
29%
.
No par
;
'
1
F)
:. .No par
com
l.
-
com.^
•*963/4
—No par
■,
4
*
80
,
30
;
Sales for
Mar. 5
the Week
'
$ per share"
d
29%
95%
*94 3/i
;i 193/a
19%
Shares
;;
29%
2,900
96
4C0
:X9%
3,400
80
80
22%
22%
22
22%
3,600
49%
49
49%
600
4%
9,500
*49
*79%
84
300
4%
4%
4 Va
114 Va
114%
*113%
20%.
20 V.
20 3%
20 V.
20%
20 Vs
20%
20%
20%
513/4
•
•
513/4
52%>
53
52%
2.100
523/4
51%
51%
50
507/s
97
♦96Va
2,800
114%
*96%
42
114
*96%
4
97
Va
115
97
115
97
30
97
200
18
42%
42
423/s
41
41%
40%
40%
97%
973/4
*17
97
4%
116
41%
C :
*963/4
-
4%
*112%
'
97
41%
98
97%
98'A
98%
99
99
99
99
17%
17%
300
4%
20,800
•17%
<"
18
'•
18
*17Va
173A
17%
;
.
9,000
800
5
*5%
'
y
100
com_^
^1
6% :pfd—i_No par /«•
25%
10
*132
4
4
4%
4%
-
4
*132:
15
'*-14%
1?%;-.
.13%
913/a
*90 3/4
37%
.
223A
't
*133
133%!'
i
31
<
38%
133%
26%
91%
•
;
93/4
♦30Va '
23
t
13 Va
9%
■
.•.".
31
5%-
133/a
38%
134%
*134
253/4
700
1,300
80
9%
700
«.
13%
I
223/4
>
2,600
r
38%.
'
62
•-
31
223/4
134%
135
'
37%
223/4
100
18%
91%
13%
>
38
800
29%
9%
223/4
'
53/4
■
•
*30 Va
133/a
383A
23
i "
9%
*30 Va
<•'
6,100
2,000
135
v
20
-
■
*60
32
;*25%
-18%.
253/8
93A1
93/4
37%
70
31%
*29%
.18%
903A
;
90 3/4
32 Va:^
11 <1..
"
:
134
H
-*80 ('
•
:
5%
'29%
183/4
19
223%
38 r.
22%
■-.)
"
*30%
13%;
26
'
913/a
5%
29%
29%
'
19
26
26
5%
26 Va
*28%
:
19%"'
♦90
'
5Va f
30
19
*9%
32
37%
70
*14%
-
s.
.93/4
13%
31'/a
•
/
.+
91%;
% " 22%
134
*60
*31
25%
*30%
37% V
.>
'
93/4
32%
22 V*
1,
18%
*90
.
*«-c 13
(The)—
-
70 r./
^
31%
15%
♦143/a
10%
♦60 '»<• 70
32% f
32%-
-10%
■70
*32
15
♦143/g
15%
*60
323A
•143/s
'
323/a
15
'
62
32
10
32%
1,400
15
"*14%
•
^
100
preferred-i:
••
•
103/ai
*5%
—Nopar
>
-
:
No par
'.
:_25
5V2
•
u
ii
3
'87%i
•
49 Va
61iVs
.•
16
R:
14%: 115
-
49 %
'
496%
3814'
•
*5%
CiSTi
5%,,;
A5Va'+
■
!
10%
.103/4
*96%
97%
37%
37%
i
38 Va
5%
*5%
-87Va J
.vie-f1
16%
i
15%
49%
V 48 3A
f-61 '• J
62 ■;
i
>-"»15i*n 16H
-
'
L »•■!'*
>■
•
61%
88
*"
53/8
,t
15%
15%
r.
-
■
'•
*87%
,;
88
500
n
.
15%
60
/
16%
483A
62
57,800
1
'
1,800
62»A"4
>
15%! ,ri5%:
'
50
>10,500
.:
5%-.
*47 Va
—
;6Z%
16,700
,:u.
363/4
25,100
»
'
•:i5»At 15%'
•-. I' »'i
-I'
.
"•87
107/a
97%
36
V
483/4
87%
10%
V*96%'
*"
•
115 Va
*48%)
s
49'
.61% ;
V
<
i
5% '
i
87
.'
15%
'
15%
103/4
97%
37V,'
16%
( ,49%i?:
x60%
61
&
.
16%
.15
!10% i
97Va
37%
*
■
*86%
)<i
61
37%c
*5%
.
86V2-I86V2 ■i,v
15%.
155/a G
3;; 60%.
—No par
35%
10%*
97%
97% '97%.
r-
35
41Va.< 49
^
10%
■
97% •i'
34%
1
—
10%
*96%
__1
com.Nd par
preferred
Gulf Oil Corp
Gulf States Utilities Co
:.r
913/a
22 lU
100
_„iii—i
:•;
5%'
*28
183/4
25%
l
37%:
s
4%
5%
i'i
30
.
*30%
:, <• 13
par
5%
•
*9%-
—No par
Prop—No
i
.
183/4
*90
t
4 •/«
4%:
'
.25%
1
3%
53/4 i..
5%
j 30 '
*28
*185/8
5
37/8
>•
*27
Nopar
;
I
•
"
3%
No par
RR
49%
4%
10
20%
♦112%
16% /. 16%
1
pfd^
& Ohio
;
29%
22%
*49
80
49%
:97%
411/4^ 411/2
"
.
19%
x22
22%
*96
No par
Nopar
'*
80%
43%
513/^.
95';".
119
18%
22%
20%
.No par
84
4
♦
183A
49%
5
n
95.
-
18%
22%
114%
*■30.
95 4':
49
*20%
,SI3/*
30
-
■
50
*112%
,
95
80%
223/4 -
43/4
100 V
18%
♦80%
30 <
*93
1,600
Friday
Mar. 4
t per share
9 per share
221%
*48%
L.10
29%
.
95
18%
84
'22 V*
i_50
•93
18
..
*80%
30
29%
>,
-95
18
-
cont.j._*. .No par
Co.
29%
*93
S per share
98
PRICES
Wednesday
•
Mar. S;
9 per share
150
800
233/4
*23
27%
*86%
80
Mar. 1
114
*27%'
98
*86%
Monday i
114
600
27Va
89
89
"•>
25%'
114
,
27 Va
12b
24
*86%
■+
26
114
"4%
24
233/4
89
*76
Feb. 28
12
*24%
*93
98
23%
113%
*86%
•
Saturday
-
1,800
12,100
128%
4./4
LOW AND HIGH
STOCK
2%
12%
25
80
/
2%
12
243/4
*93
89
2%
12
98
233/4
*86%
2%
12
25
*27
*22%
-100
2%
12
25
24
23%
1
2%
12
28
♦93
2%
25
•••■
*27
*223/4
„3
Mobile
800
11%
./
,
"111% 112%
'
5
preferred
cony
140
98
*24%
"f.
100
Common
4%%
300
93/,
43%
98
121
*96
97
95
93/4
43%
120
98%
52%
*93
*9%
43%
44
12 Va
J
26
■; *25%
100
com
Grumman Aircraft Corp
Guantanamo Sugar common
33% Jan
15
*
9
Jan"12
Hackensack
(W F) Printing Co
Hamilton Watch Co com
i%
cony
preferred^
Hanna
Harbison-Walk
13
27% Feb
13
Feb
6% Feb
24
Apr
Feb
30%
■">%
-July
4
31
Jan
7% Jan
79
Jan
9
9
5
rcu
11
8% Jan
7
•"-.h
ova
Jan
Apr
"74% Mar
150% Jan 28
j i
8% Jan
7
22% Mar
v«
7o,
reo
5
14
/an, 27
26% Jan
2oy« Jan
87
Jan
"V
95% Jan
23
6%t
Schaffner
&
Marx
85
,
' n'l
■••■tr.Ci
■
*
S'JtM
.T
'" ■"■' '-V
'
y; 9,000
.
_100
13%
I-;.... *84
103
-223/4
-
-
*101%
?fvi..*-22V«
*13lA ' i3%' "l
13% '
-
-
86
:84 " ':84,f ''
'*,101% 103'";.
22%11'22% *
-
103-—-
22%/
*145
148 Va
.;*145
*28
29%
28
7
7
1
7%
7%
63/4
63/4
5
j-
r,.
•23
—25
*83%
r
' *'
148'/a
-'73/4
'
-"-6%
♦23
'1;
<"•
i
(
-;i 'A
38% (4* 7X37%
-
'
84
*102
23V2
84
^
*27%
»63/4
Va
♦145
7
.13%;
84%
r:*82Vaij*103 !.
22%
„
22%
63A'
63A
74%
74%
;i;;.ooo
400
84 Va'
•:
A-
•"
-
23
v600
148%
*27%
27%
J
■
273/4
400
7
♦6%
300
*74 Va
75%
7%
7 Vi
IVi
7%
7%
7%
7%
7%
7%
6%
6%
7 V.
7
7 Va
6%
7
6%
6%
23 Va
85
22%
23J/a
*22%. 23'"
i*84 '
'86^1 *
('(/;
•23 Va
22%
23
66
■?
22 3/a
23%
223/4
23%
*223/4
*84
*74%.
'
.223/4
85
'
85
76
10
:
600
t,
86
:•
(
*37
'
37 W
37%4'
*37
37%
i
.373/4
■ntn—-T
t»*08 i'\
'
99
-
*■' I*"*
*98 Va:
-T-"
t-r+i
.99
/
99
99
;
'
11
100
-
t
?f
•
100
*
'
37%
2,700
3,800
22%
23
*22%
*841
»
1'
;
"
13%
104
♦145
148 Va
27%
29'A
13 %
"'
13%
103 %.
102
'22
148 Va
♦145
7
♦
22 %
•
33
•**13%
13%
: 13%
*82 Va
13%
'('103 Va
1
V"*31%\
;
33
75%
r
-T-
r" V
•/1 rv
Vi.
r
*32
~
*37;»
37%!'
*98%
99
-
TT"
/
;
«•«
,,
*74Va
-
vi
1...... 85
28
*6%
75%
23
85
*37%
7
*74Vs
23%
(. *22V4,
100
i
113%'
J
;
753A
15
,
'
14% •*.«..■•iatir- 14VJ-«.3'<14 '•
*74 Va
•
„•"
r,
•;
-
28
*6%
Ji'
13 Va
148%
28
-
,'J
:<-^'4"3l4,V 33;}r"
*31%, 33
^13%
14
2
common
rum
....
,
85
«'
•145
1
£
Hazel-Atlas Glass Co
3 da*
•'•,; *22
10
Hayes Industries Inc_
Hayes Mfg Corp__
3%% preferred
Heinx (H J) Co
-
.
'
Hat Corp of Amer class A_
4% % preferred
Co
,
100
Hecht
1
*133/4
'i'.*13%:
100 :-'R
aJ,
comi_No par
0
**'■
33
'
5 t'l
common—a
Mar
.
No par
preferred
Hart,
Refrac
5
9
*31%
:•
(M A) Co $4.25 pfd—No par
''♦101%
5
13
ili
n1*f
.25
Hall
'4
12
i'U
Water__i_
9
148% Feb
108
35%
22,400
24%
24%
«.
No par
Inc
Corp
26% Jan
lo^T4
Dec'
323/4
♦1253/4
4%
23%
:_10c
Bay ac
103% Feb
Oct
,/
32%
243/4
128 Vi
Utilities
Ry
10
Jan
Dec.
32 %
12
24%
100
com^
—
conv
24
%
May
32%
900
Co——
21% Feb
35%
>*>«*»'
323/4
2,300
Western RR_.
;100
(H L) Co Inc—
——_1
Greenfield Tap Si Die Corp__No par
-
20
32 3/a
18%
Green
'
800
144%
14%
preferred
Green
400
21
*142
18%
(B
xl01% Feb
Jan
<
144%
35
120%
121
*142
14%
preferred——
Sep
100%
t
144%
*142
18 3/a
(The)
Dec
v
22
11'
Jan
Dec
**•»
*95
Mar
10
10%
Dec
May
Feb
39%
.28% May
6% May
75%
27%
160
343/4
21
14%
H
39 '1-Jan
102%
*34
21
18%
YORK
T i. ■: •
I
148%
343/4
21
14
,
j
-19 %
76%
*34
21
44%
98%
523/4
121
*75
343A
21
10
*120
98%
76%
343A
4,200
94
9%
*13%
121
200
10 Va
35
433/4
13%
♦120
10
11
10
.
Dec
<.
•
*10%
10%
*75
33 %
*92
10
443/s
*13%
1
Northern
1%
2
38% Mar
10
57% Feb
Jan
97% Feb. 11
Jun-
Decv
94%
*9%
10%
10»/a
76%
*75
143
96 %
Great Western Sugar com—No par
27
14
Dec
143
2,600
152
18'A
City Steel—
(WT) Co common
$2.25
2
32%
13
141%
323/4
'
87%
20%
300
9%
9%
152
10%
10%
1,000
14 Va
Gt Nothern Iron Ore
3
20
12,
>
7
Feb
.
343/4
20%
152
10 Va
100
52
104'A
14
preferred—
Grayson-Roblnson Stoires
15
Jan
:
19
Dec
■
*34%
20%
*150
11
102
51
*10. %
9
152
600
14 %
h
J'"
343/4
;
20 %
76 Va
20%
343/4
143
*75
9
*10%
10 Va
10%
76%
343/4
96%
3%%
i6
77'
8
"
i
10 %
,10%
*100
51%
103/e
9
*150
10 %
*75
.
76%
44%'
pfd—No par
Union
Grant
■
152
101
51
103%
600
32
2%
preferred
Gotham Hosiery
Grand
7,
Jan
8%
10 Va
96%
Graham-Paige Motors
Granby Consol M S <fc P
33% Jan *12
11
Dec
V
*150
103/4
101
51%
104
104
9
8%
152
51'A
50 3/4
104 Vi
19
14%
Granite
23.v
5
Jan
30% Feb
t
-
50%
*104
9
8%
*10%
10%
*100
104
*148
103/4
12 Va
503/4
104
8%
/
101 Va
503/4
104%.
^
12%
No par
$5
29
42% Jan
21
14%
16 %
19
13%
18%
600
*18%
63/a
2%
preferred
16
144c
10
76%
; *
*12%
18%
6%
,
6%
14%
Goodyear Tire Sc Rub
Jan
13% Mar
5
29% Feb
/
32
11
14% Feb
$5
10% Jan
20
5L
i
—
13%
18%
19
"
93%
.No par
96
Jan* 22
139% Feb
Dec
;
*13
*2%
EXCHANGE
urevnound
33
■
133/a
32%.
•
common—: ——5
26% Jan
19
Feb
105%
*
133/a
963/s
Brothers
21% Jan
23
Feb
12
i
May
j
Jan
Jan
?'33% Jan
■
26
12% Jan
t 35 %
Aug
», 21% Mar
Dec
17
Feb
30
r
July
;i92
.
16
9% Feb-19
Jan
;
13 Va.
9G3/e
;
Goodrich Co
6 ""Jan r* 2
11
Feb
Feb
1170
Oct
■; ?,
Feb
90
27% Mar
163%
■i
300
*13
14%
Goodall-Sanford
5% Jan
14
181
20
18% Jan
17
Sep
49%
-•
May
29%
31V2
-5% Feb
25% Feb
Feb
>
13
2%
Goebel Brwin® Co.
Gold tat-Stack Telegraph
27
24,
*
Mar
14%
13
143/a
Corp
conv
600
5,800
13
?120%
$4.50 preferred
4% %
.
8%
19 Va
*23/s
Signal
Co
7%
8%
*18%
8
♦14%
1
'101
*7%
8%
18%
34%
;■
10c
2
'
7%
130
18%
preferred
"Glmbel
*""44% Jan
19
73/8
1,700
8%
52%
Co
Gillette (Safety Razor cpm,
$5
cttmv preference
4
57 % Jan
11
7%
i
18%
78%
18%
98 %
;
24% Jan
11
Feb
^*3% Feb
'
Jan
i-., 17
Dec
i 14%
97
16% Feb
Oct
•-}
Dec
-
x39% Feb
1
*7%
7%
11
18%
*78
13%
9
; -100
*10%
183A
773/4
8 Va
20%
•
10
11%
18%
11%
18%
.53Vi Jan*
'
34% May
133
96% Feb
*10%
18%
78%
"
2-
120'/" Jan
11%
18 Va
♦773/4
20
13%
6"' Jan'
'
14
18
Oct
107
Dec
12
Feb
♦10
1,100
18
Glidden
11
Jan
v.
*
600
38%
18%
5
-
13 3A
3b Va
18
12
'
13%
39
17%
-27% Jan
*
13%
39
19 Va
,
51%
Castings $6
NEW
95 Va Mar
13%
38 Va
13%
84% Jan
•
1
19% Feb
33
May
28
•
8%
•41
Dec
9
Mar
49 % Feb
a,;21%
Dec
90
-
114
Jan
7%
8V1
♦95%
preferred
*>
13 Va
38
17%
2
•
27
4
8% Mar
.
12% May
23%
.
-
48 Vi Feb
Aug
24;
73/4'
No par
No par
21% Jan
11
Feb
109
May
5%
2x % Feb
July
j.
v
-
3
Feb
61%
Dec
Mar
Feb
,
71%
13% May
13
80
'
! i 36% Jan
14
Oct
124
•
Feb
17% F»b
Feb
.
;
1203/4
preferred
Highest
22%
13%
11 Va
10
S per share
13
Sep
7
Jun
*
Nov
.* 58
Dec
49
92
\
Jan ;
26%
Jun
21
•
103
Dec
27% Feb
Jan
30
f
'Lowest
'
$ per share
Dec
;1Q5%
V
Dec
22%
r
36%
M
Dec
85
'Range since Jan. 1
"■'■l
t
9per share
'23% May
17% May
1
Highest
sharet
*10
STOCKS
Year 1947
26%
23
38%
100
Cement
Utilities
Range for Previous
Lowest
-
11%
26%
23
14
38
1203/4
com
Tire & Rubber Co
3%%
*13%
26%
*22
Equip Corp.—No par
Shoe
"4V*%
14
37%
26%
23
26%
23
♦18%
*34
General Telephone Corp.:
;u_20
Gen Time Instr Corp com„No
par
15
1,400
100
Refractories.^
Steel
70
26 3/,
22%
26 %
26%-.
*21%
*13%
Realty &
4% %
Feb
108
81
Gen
5
.
Apr
40%
85
7
Jan
28:.'
90%
—1
preferred
*'31 % Jan
'
11
34%
*89%
8%
♦141%
No par
Service
128 Vi Jan
4
34%
90%
19 Va
*75
-1—1
:
Advertising
7
22% Feb
34%
8
10%
•4
No par
series
Portland
29
6%
34%
*89%
*19
*10
No par
Corp
$3.75
Outdoor
General
34%
90 Va
19
♦143
50
preferred
Preferred
Jan
23
Feb
36%
$5
Gen
128 Vi Jan
Feb
Feb
29%
;
,
18 Vi May
Mar
2% Feb
Jan
31%
140
■
14
Feb
16%
May
119% Feb
*
Feb
4%
Dec
125
,
Mar
34%
90 %
19
*100
_No par
Corp
900
900
900
19
19%
No par
—100
common.
93A
90%
8%
"6
100
com
9%
8,900
34%
*7%
'*18%
;_No par
com
1,800
17
253/4
34%
7 Vi
5
Co
Instrument-
General
9%
133/4
17
25%
26 Va
*89%
23
37%
12%
preferred
3%% conv preferred
2
9%
8 V,
•12%
5%
20
51% Feb
9%
18%
No par
Corp
preferred
$3.50
Jau
9:#/a
13%
17
9%
*10
♦19%
preferred—
3,600
31
9%
78
G%
2nd
133/b
253/4
18%
—5
Cigar Co Inc
13%
*16
16
263A
77%
Baking Co
Electric
12'
*13%
1
Corp
323A
100
*12%
'
■
_100
Foods
48:
13%
16
18%
*503/4
Bronze
va
600
90 Va
14
*103%
General
13
Feb
25%
1.66%
common
323/4
*30
26%
77 %
5
General
•
25
Jan
25%
♦30%
com
16
*98
31
900
33%
*217/«
50
Investors
333/4
100
*30
31
16
18%
1
com—
preferred
13
Feb
65%
Inc
preferred
33%
98%
100
xl3%
14%
77%
par
conv
7%
40% Feb
126>-
89 Va
J
34'A
33 3/a
27
26
18%
Amer Transportation
pfd series A
No
General
16
*18%
No par
Industries
J
118% Feb
54% July
Feb
131 %
Dec
,
51%
r8% Jau
16% Mar
May
123
Aug
33%
•
11
7%'
—No par
preierxed
4%
Jan
Jan
Dec
103
12
24
32% Feb
93/;
8
20
General Cable Corp com
4%
1st preferred
144
Feb
Dec
$8
16
"
American
General
6
39%
93/4
14
*15%
78 Vi
1
1,200
16
*30
18%
^__1
com
100
523/s
16'/a
*98%
♦773/4
100
(The)
cony
General
27
May
14%
16
37%
*
453A
104%
*52
31
263/4
23
37%
45%
"103'/a
52
100
*30
16
25 %•1 25%
♦13%
45%
104 3/8
52
33%
*97
14
34 -
^*10
45%
104%
51
*16
1,300
'
90%
♦21%
453/4
104
51
16
33 %
54%
•103
104%
52
31
26%
♦33 %
10
34
45%
45
*103
100
•
16 V*
9%
10
Co
Wood
$4.25
Jan
138
-
25
$4.50 preferred
26
-
45
26,
9%
♦89 %
Co_-
(Robert)
preferred—
General
8
24
45
104%
33%
14%
i-
100
preferred
Co
4%%
2
75% Feb
16
24%
No par
Inc
Co
6%
19
Feb
33
cum
Gamewell
*
9
11% Jan
*44%
♦103
33 3/8
10
Co
Sulphur
Gabriel
•
5
155
44%
Z*137/«
-_10
(new)
General
10% Jan-
13
10
160
Dec
7%
_No par
1
Machinery Corp
Gair
*
19
28
Jan
14%
Dec
32
8% Feb
43 7/s
♦30
Gaylord Container Corp
58 Vi Jan
55
♦97
29
104% Feb
6
1,000
55
31
2
Jan
54 Va
100
2
83% July
47% Feb
»
Sep
23 Vi
137
50% Feb 27
July
18%
102
54 Va
♦97
Gar
13% Jan
10
54
•53%
•30
7
Jan
54 %
33 V8
No par
8
23
54
16
4%
9
Jan
53 Vi
16
9
33
13
Feb
100% Jan
Feb
185
May
71
11% Feb
Dec
13%
13
53%
16
(The)__
Gardner-Denver Co
11
100
Oct
102
Oct
Feb
5% Feb
18
200
19%
153%
6% Jan
13
14% May
Dec
20%
19%
♦15%
21% Jan
5
Aug
20%
20 Va
*103%* 104%
Froedtert Grain & Malting Co Inc_l
Fruehauf Trailer Co common
1
2
Jan
20%
*20
50%
Freeport
5
14
27
26 Vi
V
Feb
Jan
*20%
20 Va
*
2
9
20
20%
*20
51
5
Jan
*20%
20 %
50%
Franciaco Sugar
5
77% Feb
103% Mar
5% May
,18%
Jan
Feb
20 Vi
20
50%
3%% cum conv pid
Foster-Wheeler Corp common
6% prior preferred-
5
25%
20%
203/4
50 Vi
Food
92 V* Jan ' 7
Jan *
20 %
20%
100
Inc_
Shares
♦20%
20%
No par
Fair Stores
Sales for
the Week
Mar. 5
S per share
20%
:
Food
Friday
Mar. 4
$ per share
$ per share
53%
*
25
com
$ per share
Stores-
National
Thursday
Mar.3
19 Vi
10
„
32%
12% May
36 Vi May
,
Y
N
S per share
Wednesday
20 '/*
*
1
Power Corp
:
Florshelm Shoe class AFollansbee Steel Corp
12
4
"
5
Florida
6
-40% Jan
preferred
Mar. 2
Florence Stove Co
2
17
21% Jan
t-
Mfg Co
Corp__
Firth
15
14% Jan
$ per share
PRICES
SALE
Tuesday
Mar. 1
(The) Carpet Co__
No par
Flintkote Co (The) common—No par
$4 preferred
No par
5
34 Vi Jan "
*"
11
4% %
First
5
28
23% Feb
5
102 % Jan
26
26
Tarrant
Enamel
HIGH
AND
Monday
Feb. 28
Firestone Tire Sc Rubber
2
37 % Jan
21
33Feo
91
105% Feb
&
Fidelity Phen Fire Ins
2
58
31% Feb
Feb
19
Jan
14
Dec
May
50
20
May
May
58 % Jan
27
13
9
Felt
Ferro
Feb
99
18
6
9
11
30
14 Vi
21 Vi Jan
14% Feb
Oct
Saturday
Par
21% Jan
x50 % Feb
Jan
LOW
STOCK
$ per share
5
Feb
YORK
EXCHANGE
10
53% Feb
.
107% Aug
62 Vi Dec
14% May
Feb
19% Mar
Feb
61
.
51 Vi May
24
Jan
NEW
Highest
Sper share
'
Feb
26%
20% May
•
Lowest
$ per share
'•
Dec
46% May
42 Vi Jun
r
Range since Jan. 1
Highest
9 per share
-n
300
19
f per share
$ per
share
49 %
Nov
68
Jan
140%
Dec
165
Jan
14 % May
50%
22%
Feb
Sep
63
Feb
Dec
134
Mar
Dec
29 %
38
Sep
118
Oct
20
Sep
134
Sep
29 %
Jan
$ per
7
10
17 % Jan
46
121
26
Jun
22%
Apr
li%
Feb
116% Feb
28
121
Jan
Feb
4
27% Jan
$4
conv
Hewitt-Robins
27
x20% Feb
81
1
30 % Jan
24
25 % Jan
21% Feb
5
26% Jan
31%
28
Mar
Nov
20
Feu
Jan
Co
Hires
Holland
5
15%
15%
15%
*15%
16%
*15%
46%
46%
46%
46%
W ~'2
122%
'121%
Jan
Hollander
2
20%
Oct
13% Feb
11
15
May
25
Jan
15 % Feb
14
20% Feb. 25
(A)
Holly Sugar Ccrp
35%
Jan
48
42% Feb
Homestake
30
Nov
24
Mining
38 % Feb
11
Dec
26% Feb
11
35% Jan
2
Hooker Electrochemical Co
19%
Feb
14'% Feb
11
17% Jan
5
Hondaille-Hershey
44
Dec
56
Feb
36
Feb
27
46 % Jan
14
28%
Jan
36
Oct
29% Feb
10
34% Jan
2
85
Dec
105%
Sep
89
Jan
6
37% May
16% Jan
45%
Jun
38% Feb
20
28%
Dec
11
28% Jan
12
20%
29
Feb
19
Feb
11
22
Jan
9
38% Mar
33
Jan
31
3
7%
May
7% May
33
Feb
13% Mar
43%
May
Feb
20% Feb
4% Jan
81%
12
*18%
19
81%
11%
81
12
12
28%
*23
29
21%
20
20%
*19%
20%
*19
23
22%
23
23
*13%
15
*13%
15
14
14
*14
28
19%
19%
19%
19%
403(i
40%
41%
29
29
29%
29%
37%
2S%
29%
14%
14%
*14%
14%
39 %
39%
39%
39%
100
No par
Houston Oil of Texas v t c
25
Howard Stores Corp————1
Howe Sound Co
5
*38%
5>
Hudson
37% Mar
6% Mar
9% Jan
7
12% Jan
20
38% Feb
5 7o
21
34% Jan
2
15
29%
30%
30%
31
31
31%
*90%
91%
91
91
91
9l3/4
180
40
500
39%
39%
38 %
38%
*38%
23%
23%
24%
24%
24%
23%
20%
*20%
20%
20
37%
37%
37%
x37
*20
37%
5%
5%
5%
900
30%
91%
39%
20%
300
30%
*90%
39%
37%
800
313/a
23%
36 %
14%
*38%
1,400
14%
28%
14 74
40
40
*20%
-
*193%
20
6
6%
6%
%
40
24%
23%
24%
"
20
*19%
20
7,700
:oo
37%
37
37
*38%
37%
373/a
2,700
6%
6%
6%
11,200
common—.100
5%
preferred—-100
Ltd—No par
*10%
11%
10%
10%
10%
10%
10 3/4
11%
11%
11%
11%
11%
35
35
35
35
35%
353/8
35 3 8
35%
35%
353%
35
35%
2,900
No par
15 3/i
15%
16
16%
16
16%
16
16%
15 7%
16%
15%
15%
6,500
17
17
17
*16%
17%
200
3%
3%
3,200
32%
33%
& Manhattan
non-cum
Hudson Bay Min & Sm
Car
Motor
Hudson
143%
*38
23%
23
———
29%
L9%
14%
40
14%
1.1C0
4,200
40
x40%
*37
100
19%
41
19%
40'/a
14%
200
3,400
15
19%
29%
%
19
40 %
14%
.100
>
233/a
23 3/a
*14
19%
30
Houston
29
*19
23%
10
2,100
12%
12%
*28
40 %
90%
5
*81
81%
19%
1
42% Jan
1.000
40%
30
preferred
Light & Power
18%
22%
19V2
90%
3%%
100
*18
18%
40
*28 %
160
22%
19%
40
200
117
116%
15
*14
15
370
291%
*28
40%
*19%
30
5
23%
23:'/8
8.900
121%
121
123
118
29
*28
*20
*22%
28
47
20%
*23
21%
29
46%
12
12
23
*28
487'B
500
15 74
81%
*81
12
*20
91
coin
11%
*22 3/4
*90 %
Finance
18%
19
81%
*81
81
12
*81
187/a
16
153%
23%
*22
23%
*22
23
*29%
Housenoid
15 % Feb
27
21% Jan
Jan
15% Feb
13
18
Jan
5
Hunt
Foods
Feb
3% Feb
14
4% Jan
2
Hupp
Corp
3
35 % Jan
Idaho Power Co
27% Feb
11
32% Jan
Illinois Central RR Co.
7%
*81
*L2
19
18%
18%
*11%
22
,~No par
preferred
conv
2f% Oct
3% May
*21
37%
$2.25
30
12% May
15% May
22
117%
118%
'117%
118
20
143
*140
29%
*28
29
*28
27%
118
118
122%
123
27%
50
91% Mar
2
com
118
*18%
12.50
—5
No par
— —
Jun
36
117
*20%
10
13% May
28
28
116 3/4
—5
5
(Del)
Sons
&
14% May
Dec
29
5
1^3
123 % ' 123%
124
*28
The——_—1
Furnace
17
31% May
*123
400
54
*52%
54
140
47%
Shares
Sper share
share
54
140
54%
15%
Inc
E)
(C
$ per
share
143
*139
143
46%
Chemical Corp————-1
Vk'k cum preferred—
100
Hilton Hoieis Corp—.——.—5
Hinde & Dauch Paper Co
^-10
14% Jan
$ per
X54 %
54%
*140
14%
Heyden
Feb
17
27
53%
143
47%
Hershey Chocolate com
Feb
the Week
14%
100
No par
preference.——No par
Jan
11% Feb
Sales
Mar. 5
No par
Powder common
30
21
Friday
Mar. 4
47%
preferred—
5%
Thursday
Mar.3
$ per share
53%
*140
143
*140
for
Wednesday
I
No par
Motors
Hercules
53 % Jan
preferred
*52%
52%
*52
25
100
common
non-cum
Hercules
128% Feb
W)
2
27% Mar
Dec
33
x29%
21% May
Dec
3
21
% Mar
(G
7%
142 % Jan
14% Feb
Helme
19
PRICES
SALE
HIGH
Mar.
S per share
S per share
Par
share
Jan
Jan
140
81
Jim
55
9
18 % Feb
10%
$ per
share
51% Feb
AND
Tuesday
,
Monday
Mar. I
.
„
1948
-
„
,
Saturday
Feb. 28
EXCHANGE
Highest
Lowest
Hifbest
Lowest
,
STOCK
YORK
NEW
Range since Jan. 1
Year 11147
Monday* March 8,
CHRONICLE
FINANCIAL
&
LOW
STOCKS
Range for Previous
126
COMMERCIAL
THE
'(1056)
16%
*16%
3%
*16
6.66%
Inc
3%
6%
6%
20
common—100
*32%
33*a
33%
28%
28%
3%
33%
29%
16%
3%
323/4
32%
29%
3%
16%
3%
1
29
29%
*16%
17%
3 5.'8
3%
3%
32%
323/4
3%
-
800
I
30
39% Aug
32% Dec
May
18% May
32
Mar
37% May.
64%
Dec
62% Feb
11
72
93
97
Aug
96
15
6%
96% Jan
Jan
15
Jan
Jan
Jan
26%
Dec
24% Jan
22
11%
Dec
9% Feb
11
11% Jan
22% Jan
x21
Dec
30%
Jan
20% Feb
17
Jan
17
July
14
Feb
27
15% Jan
Dec
39
Feb
10
49% Jan
136%
Oct
119
Feb
20
130% Jan
169
Dec
180%
Feb
150
Feb
10
153
33
Apr
Oct
35
Feb
13
12 % May
175/e
6% Sep
35% May
50
8%
Nov
Feb
Jan
15% Feb
6% Feb
40
Feb
100%
Dec
108
Mar
96% Mar
3
3
May
7
Feb
2% Feb
20 •
9 % May
15% July
Jan
163
Dec
6
May
95
July
11'/a Feb
103
10
80
Feb
•14
*42
Interchemical
Jan
4%%
Jan
Corp
Rubber
Interlake Iron
19
Int'l
Business
10
Int'l
Harvester
5
167% Feb
2
Feb
5% Feb
11
6% Jan
7
22 % May
34%
Oct
23% Feb
11
33% Jan
8
Int'l
96
Jan
10%
Dec
3%
Dec
5%
Feb
25%
Dec
36%
Feb
130% July
Dec
137
38% May
94% Dec
59%
107%
Oct
Sep
9
May
16
Feb
104
Dec
116
Feb
46%
Apr
58%
Feb
37%
Jan
45
Dec
40% May
63%
Oct
32
,
40
Feb
Jun
9 %
May
162% Mar
12
Feb
9
78
Jan
11
4
Jan
5
International
9
Int'l-Nickel
5
28 % Jan
Jan
2
136% Jan
21
43% Feb
27
53% Jan
2
25% Mar
135
86
Feb
52'A.Jan
24
54% Jan
29
International
45'
Jan
12
International
11
56
Jan
5
International
Silver
4
34
Jan
40% Mar
45
F°b
30
Mar
5
5ft
7%
28
11% Feo
11
14% Jan
11% Feb
11
14% Jan
24
14
Apr
26%
Feb
17% Feb
May
27%
Oct
22% Mar
l
29 % Feb
18
137'/a Jan
16
Jan
2
Interstate
5
No par
Intertype Corp..
31% Mar
140
Jan
Island
5
$6
19
Dept
Coal
Creek
No par
„
com
Lowest
NEW
$ per share
Highest
$ per share
YORK
;
7%
152 %
35%
35%
3,400
16%
3.000
*16
7%
*7
7
7
20
13,100
41%
41%
TOO-,
-
42
41%
41%
41%
41%
96%
96%
98
99
23/4
2%
2%
2%
2%
2%
1,200
12 %
12 Vs
12%
11%
12%
3,400
134%
134 %
23A
12
12%
134%
133%
85%
86
86
165
86%
163%
%
85%
163 3/4
163
99
*97%
84%
86
900
134
134
134%
85 %
5,000
580
164
162%
163%
190
5%
6%
4.200
24%
24%
1,800
5%
5%
5%
57a
24%
24%
24%
25%
75
75
75
75
3%
3%
*3%
3%
*3%
3%
3%
3%
*3%
3%
"'00
25%
25%
26 %
25%
25%
25%
25%
25%
25%
25%
25%
16 600
136%
135 %
135%
*135%
135%
135%
135%
135%
;; 135%
136
260
44%
45%
44%
453i
x44%
45%
44%
45
44
45
9,100
87
87
87%
87%
*87
90%
*88%
91
89
89%
1,300
11%
11%
1,300
*101%
102%
..
101 %
53
*11%
11%
53
,
71'
11%
*101%
/.
102 %
120
100
53
*51
53
*51
300
79
*75
79
42
42
42
41%
41%
40%
41%
2.300
45
•'
41%
46
46%
46
46
45%
45%
45
45 %
1,100
32
32
12%
13%
13
13%
18
18
13%
12%
127/8
34,900
13 %
12%
12%
2.000
13%
*13
18
»183/a
18%
13
18
22%
*22%
22%
22%
22%
31%
31 %
31
31
144 %
*140
18
*22%
•100
31
12%
*12%
13%
13
30 %
35
*30%
30
13%
133/8
12%
12%
(
22%
30%
35
*31
35
*31
-
22%
18%
300
22%
22%
400
31
31 %
1,100
*140
144%
*18
1
31%
S per share
5%
25%
11%
101 %
*51
5%
24%
*75
41% i'
41%
*140
\
i
31%
*
'-•**
LOW
AND
HIGH
SALE
share /'■'
PRICES
for
Thursday
Friday
Sales
Mar.3
Mar. 4
Mar. 5
the Week
Mar. 1>
$ per
144%
Wednesday
Tuesday
Mar. 1
\
,
'140
144%.;
Monday
.
v
31%
*140
144%
-•'!y:-V-
•<;
11%
101%. 101%
A
53
45
136
*51
11%
102%
*51
144%
Feb. 28
u-:
11 %
101 %
Saturday
Par
152%
'
353/4
16%
5%
STOCK
$ per share
*6%
Xl6%
1,500
1,600
76 %
31%
'c
•
16%
35 %
42
120
24%
EXCHANGE
>
163/4
42
120
5%
*140
l
14
42%
24%
new.—.50c
preferred
Range since Jan. 1
Highest
.
*
No par
Stores
STOCKS
Year 1947
t per share
.25
ctfs
14
42
600
14%
*14
14
42%
*74%
.
Telep & Teleg—No par
share
25% Jan
21
'
preferred
Foreign
Range for Previous
Lowest
;>
25
common—
1,000
44%
44%
86 / 86'
11%,. 11%
101 «>K)1%
52% 52%
41%
41%
*44%
45
*31
32
12%
13
12%
12%
*17%
18
*22%
23%
No par
,
2,100
120
163%
.
9%
22%
98
132%
86
9%
22%
156
7
470
10
22
9%
22
22
120
12
135
27
*152
2%
165
,.———100
,4
Salt—
International
24
Feb
preferred
134%
85 %
Shoe——--—No par
Feb
Aug
preferred———Nopar
7
29
12%
164%
Int'l Rys of Cent Amer com—No par
13% Jan
107% Jan
12%
97
*26 %
36
97
.;
*95%
27
156
"
*41
2%
97
*26
120
7
2%
164%
5%
24%
77
3%
15
com
2
,
17%
158
100
Co
27
19
Jan
$4
15
Paper
Feb
10% Jan
101
20
143%
96 % Jan
28
i
Preferred
7
.•
25%
* 135 %
of Canada com—No par
International
41%
98
7
*95%
36
16%
98'
800
97
*118 -
16%
41%
14,500
68
*152
16%
12
;
•42%
36%
163%
5%
*24%
*74%
*3%
100
1
Mining Corp
'
35%
16
7 ;%
29
68
120
153
36
16%
28%
68 %
153
120
35%
85%
5
& Chem common
preferred
3% Feb
74
17%
9% May
Mining
4%
20
120
156
t
*153
85%
I'/a
76
Jun
*118
2%
*133
,
preferred
————100
Int'l Hydro-Electric Sys class A__25
186%
14
42%
135
2%
No par
common
14
41%
99
•
*97%
new.No par
Machine
14%
41%
42%
16
*6%
No par
Feb
92% Jan
*13%
*14
35%
*41
—No par
*21%
x41 %
29%
68%
10
10
10
22
14%
35%
.
10
21%
27
42%
*
*119'% 121
*153
156
20
1
No par
100
com.;
preferred
11
139
1
—
Intercontinental
3% Jan
14 % Jan
11
125% Feb
*70
46'
21%
Inspiration Consol Copper
Insuranshares Ctfs Inc
7 % Jan
I
27
9%
21%
Inland Steel Co
17 % Jan
11
11
93/4
21%
Ingersoll-Itand common—-—No par
6%
preferred.
———.
100
—No par
Feb
40% Jan
11
9%
21%
Industrial Rayon
5
42
9%
Indianapolis Power & Light—No par
Industria Electrica De Mex, S A—
28
50
*95%
26%
5
2.300
28%
27
68%
97
68 %
27
33
29%
69
29%
*95%
97
27
32
*68
68%
*953/4
"
26%
26%
1000
ctfs series A
97
*95%
.-100
68%
68
68
A.100
ser
4%
Illinois Terminal RR Co_.
x35 % May
107
May
12%
lines
RR stock
28% Feb
7% May
pfd
conv
non-cum
Leased
'i
'
f per share
$ per
$ per share
$ per
share
share
Shares
2,300
J
6%
Jun
19%
Dec
80%
Dec
13%
39% May
89
Dec
Feb
24% July
Feb
104%
Jan
53
Jun
104% Sep
46% Oct
108%
Dec
125%
37
Oct
7% Feb
27
Jacobs
1
7%
6
9% Jan
20% Feb
2
19% Jan
3
Jaeger Machine Co common—No par
*201/4
21
83
Jan
5
92% Jan
30
Jersey Cent Pwr & Lt 4%
pfd__100
*89
90
39% Feb
18
44% Jan
30
Jewel Tea
—No par
40
40
92
Feb
13
93
34% Feb
10
100% Feb
11
2
9
Johnson & Johnson
26 % Jan
5
112
Jan
100
Feb
10
102
Jan
12
Dec
151
Dec
145
Jan
29
152
Jan
6
Feb
29% Feb
11
34% Jan
5
27% May
39
cumulative
Jan
Dec
19
com
41% Jan
111
Sep
20% Feb
Inc
preferred—100
Johns Manvllle Corp com——No par
3 % %
preferred—
TOO
24%
34% July
Co
2
98
"
3%%
Co..
Feb
145
-
(F I)
4%
common
.12%
2nd preferred series A
;
101%
Feb
83% Feb
6
Jan
13
25%
Jan
40%
Oct
31% Feb
11
40% Jan
2
Joy Manufacturing Co
22%
Feb
14
11
17% Jan
2
Kalamazoo
5%
preferred series A
—__100
1
*21
*2,1
29%
30
*85'/a
86
34%
34%
7%
7%
20V2
*20%
21 /
*20%
20%
90%
90%
*90'/,
91
*90 %
91
60
40%
x40%
40%
*39%
401/4
40
1,200
92%
*91%
92%
*91 %
92%
t
A
92% '
'
40%
-
-L
:
21%
101%
101%
;*101%
'.*140 '»
148
V
-; 21
21%
*140
31%
85 %
85%
85%
85%
347%
35%',;
,*35%
35%
30%
-
*91%
36%
36%
104 3/8
105
21%
211/4
21%
102
102
*140
148
*140
85%
35%
'35%
30
;
36
"
7
■
36%
21%
-
900
1,200
30
■;•■/•'
30%
34%
~—
3,600
/
102 " '
*84 %
>
921/2
148
',--30
30%
*84% \ 86%
35%
,
100
105
*101%
..148
X85%
•
36%
104%
40
21
.
X30% t 30%
/
7%
102
*101%
;.•'. 3034
'
104
21
--
.
V
-
30%
'
36% Z, 36%
104
102
148
*140
-1
7%
7%
91
'36, •
36
103% 103%
/
v
7%
*91
'
36 A103
7%
20%
*90 Va
-
40'/a
35%
21%
148
40 %
103
102%
.
89
7%
*20%>' 21
A'.
;
20%
„
*91
36%
*101%
,
;
20 %
89
103
.*140
t
4
92%
*353/4
100
Dec
*91
*102
Joliet & Chicago RR stamped—TOO
Jones & Laughlln Steel com__No par
86%
89
V
7% ;
7%
73/8
6,500
300
86%
35
3,800
K
14
Jun
Feb
Kansas
94
Dec
16
108% Mar
May
29%
Feb'
17
93% Jan
Dec
23% Feb
11
29% Jan
58 % July
47% May
13% May
48% Feb
27
54
2
4% non-cum preferred-.:
Kayser (Julius) & Co—
20% Feb
20
243/4 Jan
lo
Kelsey Hayes Wheel conv class A__l
Oct
17
Feb
10
21% Jan
2
Class
Jan
42% Feb
13
49
Jan
2
Kennecott
36
Feb
13
43
Jan
31
23
Feb
21%
41% May
52%
39
49%
Feb
14% Mar
Dec
27%
Feb
19
Feb
11
Dec
116%
Feb
92% Feb
21
11% May
Jan
Feb
11% Feb
19
13% Jan
Jan
63 % Feb
28
75
Jan
Oct
29% Feb
11
2
90
343/4 Jan
Dec
102 %
Aug
91% Jan
5
34
Jan
40
Oct
32
Feb
13
45
Jun
59
Feb
45 % Feb
16
40%
Apr
52%
Oct
41
13
4% May
-
7
Feb
Dec
10
14
Jan
Dec
44
Jan
May
49%
Jun
38
May
21% May
95
Dec
9 % May
30%
Jun
-4% May
1% May
14%
Feb
56
Feb
Feb
4% Feb
95
Jan
38% Jan
2
F"b
11
10% Jan
30% Mar
1,
37% Jan
3%
Feb
35% Mar
2
2% Jan 30
35% Mar
14 % May
1% Jan
6% Jan
Feb
19% Jan
6
9%
Feb
5% Jan
19
73/4 Jan
38 % May
10% Dec
31
50%
Feb
41% Feb
25
49% Jan
5
11% Jan
5
For
24
footnotes
Jan
see
page
9ye Feb
26.
24
23%
Jan"31
22%
200
21
21
21
20 7%
96
96
96
95
95
*11%
Kresge
H i
Gas
Bryant
4%%
12%
*11%
123%
127%
*11%
63%
*63
64%
64
64
*63
643%
3034
30 3%
31
30%
303%
307'a
31
94%
93i%
93%
*93'%
94%
94
*93%
94%
94%
94%
33 %
3374
33 3%
94%
333%
-333%
3374
47
46 %
46%
*463%
42%
413%
427%
34
5
-
*
*33%
34
46%
4
*46%
46%
43
5
42%
47/s
•46%
43
42
5
'
9%
9%
217/a
21%
21%
.—No par
97/a
97 a
97'a
97/a
9%
Lehigh Valley RR—
Lehigh Valley Coal com
com_
i
x.3
50
*47
48
*47
40
*38'/a
40
*22
23
*22%
23
*96%
97%
*95%
97%
10%
-43/4
_i
,
5
*6%
42
*9% '
46 3/4
700
423/4
423%
1,400
9%
5
-
9%
4%
10%
*9%
22%
217 B
*10
48
*38%
40
*39
23
23
23
47-a
9%
22%
*47
?
5
*9%
22
•
-
48
5
-
10%
f'0
10%
48
*48
22
*38%
40
23
*23
24
97%
*95%
•
49%
40%
47'a
*9 %
9%
22
97 %
,
'
10
5
4.500
9%
300
22
-
*48
1.000
900
10
49%
.
,
30
38%
100
*23
24
200
*95%
97%
38%
*95%
97%
10 %
10%
10%
10%
10%
10 %
10%
10%
101/4
31%
31%
31%.
31%
31 %
31%;
31%
31'/a
1,600
4%
4%
47'a
2,700
2%
2
2
1,300
*30
50
5
50
No par
46 3%
31%
*30
pfd
1,600
47%
43
10%
preferred——_;_50
Lehman Corp (The)—
Lehn & Fink Prod
Corp
34
30%
5
2
211/2
43
120
10%
2
50c non-tuln 2nd
33%
70
1.500
31%
___1
$3 non-cum 1st preferred—No par
-
48
*38%
*31
*11%
"
47/a
9%
(James) & Sons Co
250
12 3a
63%
:o%
22%
SO
6,100
94%
■.•11%
9 %
__5
300
21
123%
*21 %
:
94%
30%
43
—
*20%
64%
No par
& Tire
13,500
36%
30%
46%
preferred
Lee Rubber
900
453%
36'%
*63%
*33%
common
183/4
44%
37
*11%
No par
4
18%
45
123%
No par
-
18%
44%
*36%
18%
63%
*93%
pfd_—75 Pesos Mex
18%
447a
31
_U„10
(The)
2.300
37%
63%
ser—100
Light Co—
Co
9374
18%
44
*36%
25
31
—
& Co
(The)
La Consolid 6%
-
—
(S S) Co
(S
Laclede
<
25
20 7%
95
Non-cumulative
25%
Jun
5%
*21%
207V
3.85% cumulative preferred
100
Lehigh Coal & Navigation Co„—10
Lehigh Portland Cement.
——^.25
31
10
22
933%
98% Feb
95% Jan
*21%
21
21
Lees
Feb
900
213%
213%
*201%
com
26% Jan
Jan
300
15%
20%
Lane
Apr
50%
*15
93
31
12%
*49
153%
93
11% Jan
11
*18
497-a
20%
13
4% Feb
18'%
*20%
25%
*15
No par
loo
Corp
2nd preferred
conv
9% Feb
44%
Feb
21%
25%
"49%
153%
183%
Lambert
27
*20'%
25-3%
50
*15
363%
9
30
700
500
25%
15%
4434
17
16
15%
93%
49:%
50
18 3%
17
Jan
21%
15%'
36%
Kress
Jan
*20%
*49
44%
Kroger Co
48
15%
50%
18 3/a
3
44
14%
25%
*49
44%
2
5
15i%
37
Feb
27
50'%
*15
44%
5% Jan
Feb
251/2
*48
—5
92
*36%
Cumulative preferred 4%
20
15%
*92%
16%
92
441%
23% Feb
38% Mar
25%
*15%
37%
10% Jan
23
92
18 %
11
47% Jan
16
92
44
11
Feb
16
92
37%
28
Feb
16
253%
,
25%
25
_100
——
46% Jan
50
16
91%
91%
_l
Feb
9
56%
8%
B
21% Jan
30%
101
15%
91%
No par
No par
4%
2
38%
9
15%
91%
Kinney (G R) Co common
_1
$5 prior preferred
——No par
Koppers Co Inc common
—*.10
17
20
20%
15%
*90%
Kimberly-Clark
2
85
Jun
*14%
Copper
——
Keystone Steel & Wife Co
8
103% Jan
May
25
:
Kansas City Southern com_—No par
5
15
26%
65%
100
Jan
20% May
13% Jan
103
10
Power & Lt Co—
preferred
16% Jan
Nov
Apr
City
3.8%
13
1
18
21%
90
Stove & Furniture
21 %
6%
42
93/4
57
2
*30
217'B
6%
41 3 4
9%
a
2
,
*5
2
5%
4%
5
2
2
2
*2
*30
50
*30
50
*30
50
22
*21%
22%
6 i/a
42
93,8
*6%
41%
9%
*95%
612
42
9%
21%
*6%
417/8
9%
21%
6%
42
9% *
47a
21 a4
50
21%
21%
•
21%
3,500
600
6%
6%
*6%
63a
413-4
417a
417 s
41%
2,600
9%
9%
9%
9%
2500
.
'
200
Volume
167
Number 4679
THE
COMMERCIAL & FINANCIAL CHRONICLE
Range for Previous
STOCKS
Year 1514;
Lowest
fper share
17
Lowest
$ per share
25
May
$ per sha re
16% Feb 20
19 % Jan
Lerner Stores
46 Ys Mar
5
56% Jan
Libbey Owens
Ford
13
9% Jan
9
Libby
11
38 % Jan
2
Life Savers Corp_
78
963/4
Jan
84
Dec
191% July
10
47
x48
Dec
Apr <
37
Oct
91
26
Feb
41
8% Feb
10
56% Feb
Dec
Aug
35%
Dec
ID %
May
30%
Jan
78 %
Dec
10.9 %
Feb
16
10% May
18% Dec
21%
27
57% Feb
28
Oct
193i Feb
18
141
Dec
Feb
Lion
Inc
Star
Dec
.23% Jan
14
39% Feb
25
44% Jan
8
20
11
25% .Jan
9
4
96% Jan
15
4% %
368
*166
39
39
39
5
*56%
100
—
Co
24% Jail
8
Lukens
Steel
17%
17%
46%
46 %
9
8%
X87
34%
33%
*391%
9%
9%
33%
168%
168%
169
39%
39 %
*38%
2,700
9%
9%
7,400
41
9%
*167
41
2,300
9
34%
85%
85%
168 %
*167
39%
9%
*33%
86
86
167
39V2
9
33%
871/4
167
9%
8%
9%
33%
05
400
85%
1,300
%
••
110
400
9%
8,900
58
58%
*58
59
*57%
59
*57%
59
303/4
400
31
31
31
31%
31
33
32%
34
33%
34
20
19%
6,900
19%
20
20
20
20
19%
19%
19 %
19%
1,300
80
*791/2
59
58%
80
80
80
*78%
81
15%
16%
16%
17
16 %
17%
16%
17
16'%
16%
16%
16
16
16
16%
25,500
16%
15%
16
15%
16%
16
16%
16
16%
14,300
1,700
57%
57 %
57%
58%
20%
20%
21%
21%
18%
18%
18%
181/4
10
A
17%
47
8%
87 %
No par
*145
146 %
*781/4
—
80
*144
59
58%
581%
58%
58%
59
59%
21%
21 %
22
21%
21%
21%
21%
4,700
18 %
146
18%
18%
18%
18%
18 %
18%
18 %
2,300
146%
*145%
146%
*144
146
146
146
'
*145
213%
21%
21%
21%
21 %
21%
21%
40%
*21%
40%
40%
40%
40
40%
40
40%
40%
21
21
20%
*92
94
*92
♦20
20%
*20
21
37
♦36%
20%
94
10
300
59
*21%
21
80
*78'A
21%
*
100
Co
17
461/4
*33 V?
.No par
pfd' series
16%
47%
9
9
for
Shares
58
*791/4
1
common,—
16%
47%
33%
9%
the Week
$ per share
17
33 '/a
9%
Sales
Mar. 5
$ per share
47%
34
9%
No par
%
Friday
Mar. 4
$ per share
17
9'%
87%
Thursday
Mar.3
47%
%
8%
87%
PRICES
Wednesday
$ per share
167
*37%
No par
cum
11
Mar
*165%
par
V 7%'. preferred——^..
100
Louisville Gas & Electric A__No
par
Louisville «& Nashville
—50
Lowenstein (M| & Sons Inc com—1
Oct
,
——100
1——_
:
(Pi
Feb
93
*86%
Cement Corp..
Lorillard
27
11
19% Feb
25
com
Long Bell Lumber A—
Jan
21% Feb
101% Aug
26% Oct
*33%
—
29%
13% May
5
30%
Jan
Feb
47
SALE
Mar. 2
17
47%
HIGH
Tuesday
,
9
*19%
53
>
17
47%
9
No par
29%
:
16%
*47%
7
No par
Loew's
19% Jan
149
16%
No par
Co__—
Lone
25% Jan
6
No par
Co
Oil
,
$ per share
Glass
Lockheed Aircraft Corp
68% Jan
19
Jan
Belt
$ per share
Liquid Carbonic Corp com
3%% coav preferred
Jan
18% Jan
■
27
Jan
,
Link
17% Mar
Jan
21%
5
13
/ Mar* 4
<83
2
15% Feb
Feb
172
17% May
93
13% Jan
Feb
23%
•
Dec
39%
Feb
27
Dec
34
7%. preferred
,
Mar. I
Libby__.
&
Lily Tuiip Cup Corp_——_No
Lima-Hamilton -Corp, ,1T——1
23% Jan
■
13
79%
"
2
Jan
McNeill
Liggett <fe Myers Tobacco
29
10% Jan
5
Feb
8
Jan
68
11
19% Mar
79
20
58 Ve May
12% May
17% Apr
28% Feb
Jan
173% Jan
14
'
63
24%
,
11
165% Feb
Aug
12%
Feb
12
Monday
Feb.28
Corp
5
8% Fe b
323/4 Feb
33% May "
Saturday
Par
Feb
Oct
May
LOW AND
STOCK
$ per share
Apr
40%
137%
YORK
EXCHANGE
59'/a
29% Mar
f
NEW
11
May
1G9
I
Highest
Feb
46% May
.8
Range since Jan.
Highest
(1057)
21
20%
*92
94
20%
21%
21%
39%
40
3,800
20%
2,400
21
20%
36%
*36%
21
21
94
93
93
20%
*92
20%
50
22
40%
20%
20%
20%
20%
36%
*35%
600
36%
20%
*92
94
40
800
M
34
Mar
134
Nov
41. '
99%
36
Jan
27
40
Jan
2
Apr
142
Feb
13
142
Feb
13
60
413/4 May
30% May
Nov
152
Oct
43% Feb
11
52% Jan
5
31
Feb
10
36% Jan
9
100 " Jan
2
10i% Jan
10
1
Dec
413/4
111 •«» Mar
11% May
lb 3/4 Apr
15%
103/4
..
Jan
183/4
Jun
6
May
Feb
11% Feb
5
13% Feb
xl6% Feb
25
18% Jan
11
12
7
Aug
500
Jan
9%
Dec
14%
323/4
Feb
7
19% May
63/8 May
*
7
Feb
Dec
Jan;.
1
277/8
8%
19*
Feb
16%
Dec
34%
Feb
14
34
14% May
39% May
18% July
97
39% May
19
19% Mar
24
Jan
33
Jan
9
176
Jan
26
27% Feb
Jan
13
24
42% Feb
o9 % Jan
16
Dec
84
97% Mar
Feb
6
89% Jan
108% Mar
10% Jan
5
21
$3
9
$6
1st
110% Feb
10
32
Feb
33%
Feb
25
Feb
11
Dec
35
Mar
45% Oct
24
May
32
112
6
May
107%
Dec
Feb
88
44
Jan
,
41% Jan
29
5
36% Feb
Jan
92
Feb
18
McKesson
26
18% Feb
11
21% Jan
7
Feb
19'/a Feb
11
24% Jan
12
Oct
16% Feb
27
20
3
94
Feb
86
;
Mar
Jan
McLellan
Jan
Feb
36% Feb
27
41% Jan
20% Feb
16
24
10
May
24% Jan
14 a/8 Feb
11
Jan
18% Jan
4'A
2nd
5
Mengel
Co
73
Feb
52% Feb
13% May
10
•!.' 19%
Jan
12% Jan
28
14% Jan
47%
Jan
43% Jan
13
49
Feb
18
Merch
&
44% Feb
11
53
Jan
9
Merck
&
43% May
83
65%
Jan
57% Jan
pfd
Melville Shoe
55% May
Mar
6
5%
2
(2nd
Inc
(The)
series!
Min
L—_
Co
Inc
88
17% Feb
13
22% Jan
9
363/4 Feb
Merritt-Chapman
26
41% Jan
5
8
Metropolitan
94
Feb
90% Jan
6
Range for Previous
101
i
Year 1947
Highest
Lowest
$ per share
$ per share
12% May
18'/a Mar
33
Apr
29% May
43 %
13
Dec
156
10% May
6% May
'
Mid-Continent
Midland
Jan
.114%
45
Feb
Apr
70%
102%
Dec
May
104
15
Jan
Dec
123
28% Mar
2
11% Feb
Oct
56 3/8
Jan
113
20
5
2
54% Jan
15% Jan
27
9
118% Jan
11
P
&
M
53% Jan
7/
2
Moline
25%
Feb
13% Feb
11
17% Jan
Jan
36
Feb
11
44
Jan
5
13%
Feb
9
11
11
Jan
5
Mojud
24% Jan
23
27
Jan
12
32
Feb
49 %
633/4
Feb
May
110% May
41
128%
10
49% Feb
Feb
64%
May
'15%
Feb
Feb
102
11
Feb
10
48% Feb
11
Dec
17%
May
9% May
27%
Dec
24% Mar
14%
Nov
ll'A Jan
23
27%
Oct
20% Jan
22
273/4
Feb
24
•17
May
19% May,,,
1734 May
25
14% May
102%
10
35
Dec
13% Jan
16
Dec^
19
Oct
19% Feb
11
101% Feb
18
May.;*. V 15% Nov
Apr
40% Feb
112
.
37%
Jan
50%
Jun A
5
61% Jan
2
Jan
IS
54% Jan
9
Monarch
Machine
Monsanto
$3.25
preferred
Montgomery
5
Moore-McCormack
Jan
9
Morrell
2
Motorola
&
25'/a Feb
21% Feb
2
16
19% Jan
:
Jan
Mueller
Brass
MulJins
Mfg
16
37
Jan
5
2
111
Jan
7
17
21
13
Feb
Jan
2
Feb
40
Feb
16
42% Jan
16
56
Jan
50 Vs Jan
23
55»/« Jan
5
38%
300
112
33%
*110%
33%
112
33 %
10
33%
29
*28%
29
*92%
94
25%
*36%
25%
37%
26
26
25%
25%
*25
49»A
491/4
4b. OO vW
49%
49%
50
50
50
321/4
321/4
2,500
31%
32%
31 %
32%
1,300
26
49
49
31%
31%
x31 V2
911/4
*90
*89
19%
/19
19
*19%
20%
16%
•16%
A
«-
32
91%
*90
91 %
<
19%
19%
19 %
*19%
20%
*19%
171
17
V17
*90
191/4
17%
*
21
9iy4
19%
•*19%
\
19%
17%
17%
25%
91 %
91
8 6'%
*19%
Vi
100
800
21
17%
*f,'j
86%
37
87
*17%
86
86
*85%
87
*85%
87
38
38%
20
39
*38
39
38
38
22%
22%
22%
1,600
22%
22
22
2.300
37
18
221/4
22%
22%
16
15%
16
15%
15%
*15%
16%
55
*52 %
54
53%
53%
15%
*52%
*52%
14%
53%
14
53
53
14 '/a
13%
13%
*13%
14%
14
14
*48%
49%
48%
48%
49
49
14
91
*87
18
22%
18%
37
97%
15%
49
18%
37
*97
18%
37'%
97%
22 y8
16
$ per share
37%
133%
13%
■
13
;
11
V;
15%
HIGH
Mar. 3
f
SALE
A* $
:
15%
15%
41%
42%
37%
37%
*132
133%
132 %
13%
13%
132%
13%
16
101%
101%
101%
101%
101%
>
11%
11%
*113%
;
114%
114
49'A
49
49
„
4%
'
11%
'
-
4%
11%
11%
4%
12 Ve
114%
*113%
49
50
12%
114
114%
51%
4%
4%
15
15%
15%
15%
38
38%
38%
38%
*9
9%
*25%
5
26'A
52
52
*103%
No par
103%
49%
49%
9
9
*24%
9
26
52'A
105%
49 %
25%
52%
52%
*105
49%
108
49%
46
101%
*56
.
12%
101%
13%
47
46%
'
*94%
1,500
101%
96
230
57
57
101%
400
101%
12%
11%
*ii2y2
114
4%
51%
4%
15%
16%
38 V4
*37
51
5
25%
25%
51%
105
14,800
4%
38 %
900
9%
9%
2,800
15%
25%
52%
420
6,500
4%
9%
*25 Va
3,400
51%
37%
14
38
9%
105
280
12
114%
51
9%
52
2,400
-
94%
57
9%
105
11%
12 Vs
52%
50
2,000
*113 y2
115
400
13%
*11
47
94%
57
4%
15%
*37
9
*24%
52%
105%
51
4%
15
38
133
94
101%
*101
*130
46%
*56%
4,500
133
94
"57%
3,500
41%
132
46%
*56%
16%
41%
11
56 %
46%
16
*25
52%
51%
105
*104
6,600
26%
100
52
7,100
105%
400
49%
7,400
14%
2,100
5
14%
14%
14%
14%
NO par
14%
50%
14%
xl4'A
24%
14 '/a
24%
*23%
25
24'/a
24%
*24'A
25
12%
12%
*12
13
12%
12%
12%
24
12%
12%
23%
12%
12 Va
12%
24%
24%
24%
24'/a
24'/a
24%
243A
24%
24%
—
3
20%
*
24
49%
20%
*20%
1
17%
17Va
17%
17%
1
—
B—
17%
18
18
20%
20%
20%
20%
20%
21
20%
$7
preferred——'——:
No par
Munsingwear Inc
5
Murphy Co AGC) common,,—— ,_i
*103
105
*103
20 y4
20
105
103
*11%
preferred—-A—:
1—100
Murray Corp of America com—10
4'Jo preferred—,
x
50
Myers (F E) & Bros
No par
11%
*11%
11%
11%
*34
4%%
34%
34 y4
34%
34%
*107%
109
*107%
109
*3.3%
13%
*39
41
*40
51%
*50
108 Va
41
51%
*50
13%
13%
13%
20%
103
20%
103
11%
*11%
34%
.
34 y2
108 '/a
13%
*108
50 'A
50
14%
*24 Va
20%
20
18%
49%
14%
14%
*24%
20
19%
25
19%
,
1.600
18%
18%
18% '
1.700
21
20%
21
3,100
103
103
*103
*11'/a
11%
..
11%
*11%
34%
34 y8
34%
108%
108 %
*108
104
60
11%
200
35
2,300
109
110
"
14
14
14
*40
41
*40
41
*40
41
*40
41
*50%
A
400
1,200
1,600
:
18%
103 'A'
108 Va
50%
25
20%
-21
34%-
for
Shares
37
11
94%
the Week
x37
11%
46'/2s
Sales
Mar. 5
16
ny8
94%
94
60
Friday
13%
46%
46
800
$ per share
42%
13%
56 %
94
37
39
13%
58
*45
600
-200
1,700
98
*37
133%
*56
11%
15%
42
39
13 '/a
*93
3
11
300
19 'A
37
Mar. 4
132 %
11'A
46% A '
94y2
11%
'
48%
*97
Thursday
42%
"37%
*
36%
97%
20
1,800
f
91
18%
$ per share
161/4"
42%
'
48%
700
PRICES
$ per share
15%
41%
11%
97%
■_
*86
•
18%
36%
97%
Mar.3
per share
,37%
13%
48
88
Wednesday
■
*37
41%
48
-18%
37
*96%
16
88
18%
37
97%,
Tuesday
Mar. 1
41%
18%
37%
*96%
Monday
15%
41%
;;
1,500
15%
53i/8
14%
'36'/a
'
500
19%
19%
21
700
400
38
87
$ per share
■
500
36%
14%
Xines
10
94
*37%
Co—
class
38%
36%
31 %
*96
—No par
Co—
Co
38%
*110%
90
Corp——No par
Corp
1,
5
Wheel
38%
48'/8
Products
Motor
100
700
*28%
*87
4—1
5
10
33% Feb
14% Jan
&
Inc
9
25% Jan
108
Motor
(John)
y4
10 v*
*92%
*47.%
A—No par
83
10 v*
29
TOO
Co..
86
*82
10%
37%
48%
1.25
series
Ward
«85
83
10%
,
94
90
com—1
85%
85%
140
28%
——1—20
Chemical Co
86
*92%
36%
*131
Tool
*85%
*36%
*87
Inc
1,900
86
34%
90
No par
30
38%
37%
18%
10
com
Co
13% Feb
16
11
Hosiery
28%
700
177%
38%
94
37
preferred series A
15% Jan
107% Jan
Dec
l'/o
RR
27
•..•■'44%
:
Mo-Kan-Texas
2
11% Feb
Jan
De'c?':
9%
Feb
6
107% Mar
Apr
107%
2
19% Feb
Mar
27%
21
5% Jan
115
28%
*175
38
*36%
*25
20%
*86
—10
Mohawk Carpet Mills
Feb
May
23% Sep
4
28'%
177%
38
*92
48%
18%
1
1,200
29%
37
91 %
37
com
400
20%
29%
94
Saturday
com.
49 y4
*19%
29
*82
112
*47%
_No par
51 %
8
Feb
*331%
*48%
_Nc par
Corp—,——
32% May
8
*110%
34
34
491/4
—
*48 %
86
47%
-No par
vtc„ _No par
49 %
41%
*110%
1,500
36%
Feb.28
Impl
3% May
11% May
*39
34%
10,200
16%
*911/2
25%
pfd. .100
$6.50 preferred
Mission
41%
112
LOW AND
A
Power
10%
*39
17%
16
20%
•
83
*10
47%
par
Minn
*82
10%
39
17%
*48%
X29
86
%
130
17%
16%
*13%
pfd——
SS
86
83
85
101
*85
*
10%
34'A
17%,
*173%
38%
*85
*48%
Minneap & St Louis Ry„
Minn St
381/8
86
*82
110%
28%
•38%
175
*85%
110%
28%
16%
38%
22%
101
*52%
v
3.20% conv pfd series A—
100
Minn Min & Mfg———
.No par
$4 preferred
_No
5
11
Feb
1st
175
491/4
1
Jan
;
cum
177%
47%
Minn-Honeywfell Regul
94 % Mar
70
8%
2,300
23%
101
19%
♦175
10
—5
com
350
22%
21
82%
10
STOCK
Prod
6,700
f.
29%
*48%
Petroleum
Steel
1,200
6%
15%
*15%
—No par
3.90%
19%
6%
*551/8
48%
20%
29
*85
19 %
4,200
6%
*15%
29%
86
82%
10%
34%
48%
300
6%
3*%
*100
20%
*46%
2
102 A Feb
42% Feb
Oct
2
13% Jan
5
56% Mar-'.' 1
99
137% Jan
15% Jan
27
88% Jan
Dec
Dec
Feb
86
83
39
48%
20%
177%
87
*86%
:
a
J.
ltVt
*29
86
'*18%
F
*48'
29
381%
*19%
Par
9
Jan
*10U
.—1
"
v
40 72 Jan
11
48V2
20%
85%
22%
1
Miami Copper
41
27-
51%
,A.-,
li
12% Feb
99
3
11
10% Feb
48
*201/4
38%
*48
*
16'A Mar
14
Feb
101 %
38
*89
Scott__*No par
YORK
Feb
Nov
*100
86%
EXCHANGE
38 JA Feo
14%
66%
NEW
$ per share
11
23%
STOCKS
36 .<
Mar
&
Edison
-■
Highest
15%
47% May
84% Dec
7
Feb
preferred
cum
129 >/» Feb
45% Nov
Jun
•.
$3.50
Range since Jan. 1
Lowest
$ per share
136%
Jan
..'J
„
27
23%
17%
36%
3%
Mesta Machine Co.,*
10
23%
No par
common*,
47% Jan
1113/4 Aug
Jan
23
6%
19%
2,700
9%
24
6%
IS
,23%
6%
19
7
*23
'15%
22%
6%
6%
24
61/4
16
**31%
_50
Transp Co
103% Mar
19%
6%
16
1
.—
common—
Dec
191/4
19%
17%
.50
1st preferred*
Stores Co Inc
conv
Mercantile
6%
16%
*25
,18
com_.
Corp—*.—
35% May
97% Dec
;
—No par
Norris Mfg Co—
.,10 A
Corp common
i,.—..No par ;
4%% pfd (1st series)—— 100 /
1?
Jan
6V4
-
17%
28%
x——-No par;•
Co—
1
Stores
*23
15%
*34
Mead
19
50
Co
Robbins
24
15
86%
Mc-Quay
5
25%
<fc
*22V2
»
15
37%
Mclntyre Porcupine Mines.—. __5
12
preferred
*9
6%
6%
550
7
9%
17%
93
Co—
Pub
7%
17%
37%
25
E;ectric
7
9%
15
100
*450
7%
9%
15%
99%
550
7%
16%
*91%
Feb
23%
101 %
*36%
93% Jan
31%
23
—1
34% Jan
$4
23%
*450
101 %
*12
9V2
23
*19
6%
*15
550
*100%
.
7%
61/8
19%
6%
15%
100
5
May
41
preferred—.
25
.50
6Va
*450
101%
9%
*21%
86 %
•
23
Jan
23
19%
i 6%
550
7%
*9
17
—1
.
Jan
30% Feb
105%
com
McGraw
87
Dec
conv
Corp
McGraw-Hill
J <*il
19%
*175
-No par
—
Stores
15
Feb
6i/s
42
12
Feb
6%
112
4234 Jan
25%
*21%
*39%
28 % .Tan
105%
9%
*110%
45
Feb
7%
preference— _No par
25
Dec
16% May
3% Jun
V/2%
7%
*9 %
22%
10
Corp
*450
7%
9%
*82
cum
McCrory
300
-No par
11
17% May
21% Dec
88
McCall
10%
*100%
15%
par
3
10%
102
16%
common.—^ .No par
Maytag Co
12
Mar
11
100%
15%
5
24 % Feb
Feb
56%
30% May
common—
preferred—
82
16
Stores
43% Jan
24
40%
Dept
4
Jan
*10%
*12
530
*175
11
Jan
10%
177%
11
483/a
*10%
102
*100%
,15%
100
;
9% Feb
113
11
"10%
29
38% Mar
35% May
1,600
10%
102
*450
28%
X81% Feb
13
16%
10%
11
20%
Jan
Jan
100
16%
48%
Nov
85
12%
16%
*48
14 %
Jun
12%
*16%
530
*100
$3.75 preferred—i_—x,—, -No
par
$3.75 cum pfd 1947 series- -No
par
$3.40 cum pfd—_
-No
12
*11%
*28%
preferred
May
12%
*20 %
—
1,500
17V8
1
Co
32'
16%
23%
-No par
-31%
*11%
*6%
-No par
—
30
32
12%
Alkali Wks tonl— .No
par
Electric
50
7% May
20
7%
3
28
Master
x32
16
Corp__
Corp
Mathieson
32
16%
*19
100
32
3,200
16%
*15
Co
32
46%
16%
*6
com— -No par
32
145
46%
46%
12%
*21%
pfd —100
400
*140
*45
16%
7%
5
prior
Co
Martin-Parry
Masonite
36% Feb
82
&
preferred-—
16
175
100% Aug
Corp
6%
(Glenn. L)
12
85 % Jan
103
Dec
87
4 % '!o
Martin
19% Jan
Feb
Dec
Ry
60% Jan
Feb
88
46
Midland
St
15%! Feb
Nov
85
42
Marine
Market
145
*140
46%
♦11%
*9
5
-
Marshall Field
2
183/a Jan
1
...
36
142
46%
♦100%
*10%
.No par
—
Oil
47% Feb
Jan
49%
8
8
102% Feb
i—,
Shirt-
36%
142
46%
32
16%
*450
Exploration—
1
Marathon Corp—„——
—6.25
23
26% Jan'«
Jan
Nov
35%
190
7% Jan
4
1
143
45%
12
*16%
50
*140
47
102
12
10
361/2
142
45%
32
*100%
par
37
142
46%
19
100
-
145
46%
.No par
.
Bros—
Maracaibo
*141
.No par
Square Garden— .No
Manhattan
14
16% Jan
20
Mandel
27
14% Jan
Jan
26%
Dec
20
Feb
2
7
*36%
100
„,
Mahoning Goal ,RR Co„.
Manati 'Sugar Co,*.
—:
24
Jan
7% Jan
23% Jan
4
6% Feb
% Jan
9% Feb
26
10
22% Mar
24% uct
63% Jan
24% May
175
9
17
Mar
15
<
1113/4 July
May
4
Ij
5% Feb
Feb
May
Mar
b%
20% Feb
Dec
22% May
97% Dec
9
Madison
10
com,.
Magma Copper
Magnavox Co (TheU
Dec
12%
22%
3%
Jan
Forbes
preferred-,™.
Macy (E H» Co Jnc com—
4%% pfd series A
6
9% Feb
6%
&
Mack Trucks Inc-__
13
21 % Mar
Dec
455
■,
MacAndrews
51%
*50 y8
51%
*50%
51%
*50
51%
16%
xl5%
13%
13%
14%
1,400
-
N
14
May
19%
Feb
'19
May
29%
Feb
21
May
30
Jan
8%
Dec
9% May
16%
Jan
14
Feb
15% Feb
11
20
Feb
24
25
% Jan
9
Nashville
24
Feb
14
29
Jan
5
National Acme
7% Feb
•
27
8% Feb
11
17% Jan
9% Jan
10% Jan
10% May
16%
Feb
24
Jan
34
Dec
29% Feb
26
-27
35
Jan
34%
Feb
26 V% Feb
20
30% Jan
165
Dec
,21%
Jun
187
26%
8% May
Feb
164% Feb
20% Feb
17
10
27
7%
Feb
6% Feb
11
May
<33
13
Jun
11% Feb
Dec
33 % Feb
IO
Dec
Jan
Feb
28
11% Feb
13
Dec
For
footnotes
Oct
se»
page
6
26.
14% Mar
169
Jan
Jan
23 % Jan
9
2
29
5
2
Nash-Kelvinator
National
Louis
Airlines
Aviation Corp
Battery Co___
National
5
7%
Nat
Biscuit
Co
Fibres
Bond
&
5
National
Can
5
National
Cash
Jan
7
Nat
13% Jan
2
National
Share
Inc
16
16
16 Ve
21
*21
21%
25
*24
25,
1
12%
*28
10
26%
<
*167
8
9
13
30
26%
168%
3%
9 Va
13'A
♦28
26%
*167
Register
9 Va
7%
7'A
34'/a
34%
34%
34%
1
Co
__
1
6
11%
6 %
12
6'A
11%
26%
168%
7%
City Lines Inc
9%
13%
*28
27
7%
No par
8%
13%
*20%
*20%
25
30
10
21
16 Ve
*21
8%
No par
Corp
Container
9
5
100
Corp
7%
4
common
preferred
Jan
15%
21
*24
1
National
41% Jan
9
5
100
I
St
Automotive
National
12
'
Corp
&
Co
National
10
19
Chatt
6%
16
15%
15%
15%
21
21%
21%
21%
*21%
21%
26
26 V*
26
26
*25 V*
26
8%
9%
14%
30
27%
8%
9%
13%
*28
9%
14'A
30
28
169
168
*167%
21
;
8%
27%
*167
21
12
16
21%
25
21
8%
9 Va
14
*28
27%
169
8%
8%
9'A
9'A
14%
13%
30
28
70
700
8%
6,200
9%
2,500
13%
*28%
"
10,100
»'
x27JA
27%
6,300
30
•
169
*167'/a
175
21
*20'/a
21
7,300
100
20%
20%
*20'/a
7%
7%
7 Va
7 'A
7%
7%
7%
7%
34%
34%
34 %
34%
34%
34%
34%
35 V*
3,600
6%
x6%
6%
6%
6%
6%
3 TOO
12%
12 Va
12%
12%
12%
12%
7,SCO
6%
12
6Va
12
200
2,200
21
it
( per share
13 %
26%
14%
17%
30%
14%
96
May
Dec
May
May
May
May
Dec
29
Jan
2
13
17% Jan
2
28
21% Jan
5
X25
Feo
13
20%
Jan
15
Feb
23%
Oct
18
Feb
10% Mar
Dec
25%
Jan
37% Feb
87
11
19% Jan
25
95
29% Jan
Dec
12
Jan
43
11
Feb
Feb
15%
Feb
36%
5
13
Jan
35% Jan
23
2
165
Dec
190%
Sep
163% Feb
11
172% Jan
14
136
Dec
167
Jan
134% Feb
19
140
14
6% Jan
15% Dec
it
88 1
Mar
95
6% Feb
25
11
18% Feb
% Feb
11
81% Feb
Nov
Jan
23%
Dec
100
23 % Jan
2
16
Jan
2
Feb
11
25% Jan
30
13% Jan
19
Natl
13%
Jun
11% Jan
14
24%
Feb
16
Feb
11
13% May
18%
Feb
13% Feb
16
107
July
Nov
38
Dec
106
..Mar
11%
'
Dec
95%
Dec
1 35% May
*
13
31% Jan
13
98 % Jan
12
11% Feb
11
t<
12% Jan
8
6
3
38
Feb
13
46% Jan
9
Feb
20% Feb
13
24% Jan
12
87% Feb
5
90. •; Jan
11-
Feb
26
x90% Feb
Oct
46%
>
Feb
22%
Feb
36
Feb
50
,
25
12% Feb
5
22% Mar
9
41% Jan
5
15% Jan
11
Dec
137
'
39
Feb
10
51% Jan
9
Dec
121
Feb
11
136% Jan
11% Fob
27
Feb
26
.
Aug
62%
Jon
290
Feb
20
200
9
15% Jan
3
21
Jan
12
19
50
Jsn
n
N
Jan
19
20% Feb
10
235
2
Mar
N
N
15%
Nov
84%
25%
Dec
107
.10% May
16
Sep
Mar
86% Jan
Sep
14% Feb
100%
Aug
81
25%
Oct
-
25,
13
Jan
5
17% Jan
27
N
8
91% Feb
6
N
N
80% Dec
23%
Nov
2
33%
Dec
53%
Jan
5
30% Mar
56%
Dec
,64%
Nov
55
26
Dec
30%
Sep
26% Feb
Dec
33%
Jan
14% Mar
6% May
83% Dec
10%
Feb
8
Jan
115%
Jan
83
30%
Nov
i.'
16%
25
Dec
13% May
>
Feb
23% Jan
36% Jan
5
18
20% Mar
61% Jan
<5
,6
Adjustment preferred
28% Jan
13
17% Jan
5
North
2
North
2
11
Jan
5
87
25% Feb
11
}
Mar
Jan
17
29% Jan
12
22%
Feb
16% Feb
11
Dec
102%
Feb
81% Jan
2
Aug
23%
Apr
11% Jan
19% Aug
'25%
Oct
x21 % Jan
14
33% Jan
2
36
Jan
12
5% Feb 27
7
Jan
7
21% Jan
5
11
33
/
Jun
45%
Jan
6%
Dec
13%
Feb
12
Dec
18%
Feb
5
14% Mar
13
11% Feb
-Mar
89
1
25% Mar
13
27
■
Jan
5
9ft
Dec
Jan
27% Feb
Dec
111%
Feb
2
100
21
92 % Jan
Apr
35%
Dec
26% Feb
It'
33
18
Dec
17% May
93
Dec
7% May
38
22
10
July
13%
17% Feb
24
Dec
22% Feb
11
Feb
27%
107
94% Mar
31% Mar
Feb
8
Feb
*86
'
Feb
92
Feb
Feb
May
149% Oct
19% May
84
Aug
10% Jan
25
~28%
May
24
68
Nov
20
Jan_
14
100
Jan
22% Jan 31
2
33%
Feb
27
163%
Jan
150
Mar
2
154
28%
Feb
18% Mar
1
23
93
Jin
83
17
89
July
58
!
80
Jan
26
Jan
>
Mar
5
32% Jan
5
5
Feb
27
2
Otis
Year 1947
,
t per share
10
May
9% May
50
13
.
12%
225
' 225
*220
,,
*14
85
*32%
33
55%
56
♦26%
84
*87
13%
.*34%
♦11%
-
*99%
<
''
4%
8%
13
7
Dec
7%
Dec
14%
May
—2.50
Mfg
9
Glass Co.
Feb
M
10
Co common
*11%
Telep & Teleg common—100
10
Jan
29
Pan
12
Pan-American
52V«Jan
5
46
92% Jan
Feb
5
12
6% Feb
•
94 % Mar
8% Jan
24% Mar
Feb
97
Jan
2
18V< Feb
11
21% Jan
10
40
Dec
19%
Dec
32%
Jan
Sep
53 %
Jan
34V» Feb
2 Va Jan
Dec
Dec
28% May
7
Dec
8% May
32% Sep
38% May
5% Dec
7
J~7"
10y
4%
43
Jan
Jan
.
34%
Packard
Petrol
19%
preferred—
4%
102
Jan
10
5
19
8
Prod
Panhandle
—.a-100
:
25 Va
4%
&
convertible
Paramount
preferred
29
Park
28% Feb 24
33% Jan
2
11
-
Davis
Parke
&
32% Feb
27
11% Jan
37 ' Jan
48%
Feb
38 % Feb
27
43
Jan
15%. Jan
5% Jan
2
8
Jan
29
5
24
8
Parmelee
Jan
35
Penick
&
Penney
Airlines
Coke
11% Feb
13
15% Jan
2
Penn
11
19
5
Penn-Dixie
Coal
&
Corp
Cement
Sep
36
*107
Apr
29
Feb
18
33
Jan
12
Penn
Dec
117
Jan
112
18
112
Jan
Dec
14
5%
22
Jan
15%
Dec
19% Jan
5
Penn
26%
Feb
5
May
51 %
118 %
Sep
81%
Jun
23
May
99
Dec
8% May
13%
37
36%
49%
97%
Jun
May
Apr
Dec
Dec
101%
22
Feb
Feb
Jan
14
11
16% Feb
27
41
Feb
20
103
Feb
19
Co
*
*'
•'«
12
16
45% Jan
4
13% Jan
Peoria
24 »/B Jan
30% Jan
Pet Milk Co
89
Jan
22
Jan
7
Dec
9% Feb
11
Oct
14% Feb
2
107
Mar
4%%
11% Jan
Jan
13
54% Jan
2
16
47
Feb
11
48%
Dec
40 % Feb
13
48% Jan
5
5
53% Jan
9
109% Aug
For footnotes
see
page
50
Feb
95% Mar
26.
5
100
Jan
& Eastern
2nd
Petroleum
Jan
Mor
v
23%
89 Va
;
89 Va
14%
15'a
23'a
,23
23%
*88%:
,
).
40
;
•'
.
13
common
preferred
Corp of America
86%
*85%;. 86Va
20%
*20
31
*30%
31%
r
55%
.
30%-
56-
55%
*26
26%
21
70
ii
■■jil
500
V 600
2,900
56
*26
},
■
30%
55%
.
26%
t
2,838
".
15»a
26 Va
100
15 '
15%
17,000
10%
10%
10%
,10%
10%
51,400
83%
83%
*83%
84%
83%
84
f.
X27%
?27%
28
27%
>27%
19
19%
18%
18%
87%
87%
87%
88
\ 14%
24%
14%
14%
14%
25 Vb
24%
24%,
/
•
•
36
35-
?
; *5 VB
35
-5%
,♦11%
12
28
12
v
18%
^
100
■8,100
19
12,600
14%
14%
20.000
-.24%
24%
8,200
...
.88
'
35
*;
*5 vb
400
•v
5 vb
',
*!
.1170
35%
5%
*11% -i
'
270
i 89
i
35
5%
12
*11%
100
4
/
.
*3Q%
•
;.
24
100
12
■
96
.
22%;
89
;
59%
i
per
12'a
*12%
12%
*12%
70
*67
37
*35%
*
16%
8%
•
95
22%
22%
28 Va
28%
*148
18%,.:
89
..
't:
900
1,400
28%
28 V*
*148
40
150
.-;
*18
18 3/4
87%
*86
87%
58%
;
f
210
:
'
87%
i
.
?
28%
1,600
23
-18%
58'A
58
58%
•
;
-
300
10
.
2,500
..
sale prices
/
Wednesday
13
13
13
123a
123/4
Mar. 4
.
-
4 per share
t per share
Sales
the Week
*67
*13.:-
;
>
37
i.*36
17
>.*16 Va
Shares {
13%
-17%
12%
70%
*67
70%
*67
*36 Ve
37%
*36
12%
200
12%-
*13
13%
]>>34
.
•.
/
4 per share
37
.70
for '
Friday -"//';
Mar. 5
Thursday
v
Mar.3
share
270
70%
37%
-
16%
•*16%
31%
31%
31%
31%
31%
31%
31%
31%
31%
6.600
30%
*30%
303a
30%
303a
30%
30%
*30%
30%
500
hi
32,300
16 %
163a
*16%
hi
n -
100
17%'
31%
31%
31%
31%
,
89%
90'a
1
142%
142%
4%
49
4%
~
'
*90
•142%
hi
hi
50%
50%
49%
50
31
31%
31%
313a
900
90%
90
90%
91
91%
410
49
4%
9%
9'a
14%
*13%
48 vb
48%
*94
-
&
503a
-
1433A
1433/4
*143%
4%
*4'a
4%
503/4
52%
-50%
4%
x4%
v.
9%
>-.
14%
48
94
87a
14%
\
94
48
*93%
5%
•
9 vb
14 V2
48%
-
94%
143 %
43/b
48%
*93%
145
40
4%
43/b
1,000
50 3/4
8,500
43/B
•
8%
9%
'
3,000
50%
4%
9
*14%
*.
*
51
43/B
'■
hi
145
4%
513/4
48
95
90
144%
4%
87a
*13%
:
50%
90%
4%
4'a
49
'
*31 -h. 31%
vw
50%
10
' /
*6%
7%
22%
22%
7
•
•j-
2%
2%
29
>
!
4%
21,500
9
16,800
•
15
*14%
14%
100
49
49%
49%
3,200
94%
94
94%*
130
7 %s
8,500
:
18%
?
*32'a
14%16
-
30
30
'
73A
"V
283a
28%
29
26'a
25%
*32%
25%
25%
6%
6%
6%
9%
9 V«
33
*32%
33
*oB"/4
.<
38%
*7'a
7%
7»a
14%
14%
14%
16 3a
16
*28
25'a
4,100
-200
6%
.
1,600
9%
1,500
33'
38%
30
':
?
33
-
.16
*16
•
2,900
29
9%
3a vb
200
2%
9%
7%
>
-.16%
2%
7
38^8
f
24J66
19»a
36
28%
9%
900
103
183a
36
2%
6%
>14
16
1.
*99
18%
*25%
33
14
:
30
7%
24'a
36
",2 vb
9%
38% '•39
7%.
16
*112
18%
18'A
*41%
*106
109
*42'a
*88
17
.
i-43
•
>
43
89
100
*10 Va
*42 %
38%
4.400
7%
3 400
14%
2,000
*7%.
14%
,
.-14%
'
*153a
16%
*28
32
.100
*29
116
*112
18%
18%
17 Vb
17 Vb
43%
*41%
108 %
106%
43
*42%
.32
116
*112
116
18%
18%
17%
173/8
18%
17%
*41%
43
*106%
108
43
106%
30
30
-
900
*112
116
]P«V
17%
*42
17
43
43
x42 %
42%
*41 %
18%
-
43
'
107%
116
18%
17%
44
107%
200
■■
*112
18%
-
,»■
17%
4.590
13,500
100
43
1073/4
108
190
*41 %
43
100
89.
-
89
88 %
19
'
No par
*27%
28%
100
*103%
106%
5
10%
10%
15
88%
88%
*88%
89
*88%
89%
10%
-
11
18%
No par
39
-
16% •'16%
1
33
7%
.13%
1
>
103
18%
*34
2%
73/8
9%
7%
24%
28%
27
*7
16%
,116
-
*106
'
*25%
7%
9%
*99
18%
36
73A
24
2%
28%
27
103
18%
*34
23/b
28%
38%
7% :-
33 %c
No par
2%
29
*33%
38%
? 13'a :i3Vz
'. *41%
5
2%
7%
*227a
*99
36
9 Va
9%
1
183a
*34
7%
233A
*
*112
*
X18%
*25%
"
33
■j
103
18%
36
28%
27
!-
23
*99
■'
103
7%
*29% :
100
18%
*34
7
7
>
*99
"
18% '
7%
233A
73A
7%
23
10%
*11
11%
113A
11%
*10%
11%
*10 VB
11%
200
13%
19 V8
19
19'A
18%
19
18%
18%
18%
18%
21,700
*27%
*104
*10%
83%
28 %
*27%
106%
*106
*27%
28 %
107
*
106 VB
*10%
28%
107
10%
300
>
*
*27%
106%
*103/8
28%
107
10%
*28
28'A
r10634
4 020
106%
103/s
10%
*49%
IOV2
10%
10%
15
15
14%
15
15
15
15
15
14%
14%
1,400
50%
-.15
50
50
50
51
51 %
51 %
50
51
50%
51'A
2,700
41
41%
413A
41%
42 Va
41%
42'A
42%
42%
42%
43
8,900
51
51 %
52
51
51%
51
51
51
97%
973A
98
*96
973A
95%
97
1,700
'
41
'
•'
*51%
52
*96%
97%
i
.
1
52
*97%
-
98
51
*97
*
f
p
530
<
95
95
*213/4
150'
r
*18
.
583/4
58%
*
94%
;
5,700
•I
-
9%
9Va
9
'
I
151
•
♦87
9
,*
.
96
22%
Mar. 2
v.
-
94%
*18
,
.
high
Tuesday
Mar. 1
24
94%
151
,
89
58 3A
24
95
273/4
V
18%
*87
59%
.
150
18%
200
24%
*94
22%
v
?:
17%
*24
94->
r
273/4
27%
*17VB
243/4,
95%
8%
93
22
150
50
15.900
30 VB
24
•
92%
22%
V*
17%
'
297A
4
300
.;
101
30%
*17VB
-
31
..31
*100
100
293/4
95%
94
Monday
-
*17% : 17%
•
>
8%
*8 VB
100
303A
i
31%
313/4
100 %■-
293/4
.
24%/,
95
;
9 Va
-
30
17% ''17%
17%
31%
31%
♦99%
99%"
29%
,
95%
9
31%
.
99%
;;
29%
50
34%
' 38% :
>
No par ^
Phelps-Dodge Corp—.:
^—25
Philadelphia Co 6% preferred—50
preferred
r
180
14%
-
51%
;
16'a
:*
(Chic)—100
Ry Co__
Pfeiffer Brewing Co
Pfizer (Chas) & Co Inc
$6
i
3.000
89 Va
15
-
20 vb
"
il
'103
*32%
.
7
50
Peoples g l & Coke
62 %
59
K.
■
22% <
■:
"
99
235
'
*9%
100
Light Co
Pepsi-Cola Co
27% Jan
230
100
'200
,
14%
-
/
50
4%
95-
,
*25
>
No par
Pennsylvania Salt Mfg Co com
3v?% conv series a pfd
Peoples Drug Stores Inc
17
Jun
18
Jan
&
lOVsFeb
Jan
12
Jan
com
preferred
Power
17% Feb 20
34
108 Vb
3
20
47 VB Jan
118
Glass Sand Corp
86% Feb
34 Vb July
'■)
:
,
s
15 Vb
•
5%
*11%
31'A
16%
48%
28%
v
—-No par
1
: ..—10
*
Pennsylvania rr
Jan
Dec
6
May
22% Dec
*210
V
31%
)
2'a
Corp—:
•*•
18 Va Feb
1
JNfo par
Ford
15% Feb
x42% Mar
•
30%
18%
co———l2.50
(j c) Co
Oct
Nov
-20
,'?• 54
j'
2,200
13%
13lA
230
54.
*50
20
*50
t
10%
.35
5%
*35%
..
34%
—No par
Co
Penn-Central
Feb
55%
'
-
2 600
14%
>
25%
-
35
5%
>
12%
9vb
*99
,
:—»—1
Mines
16 Vb
Jan
,
1
*22
Transportation——No par
& Enterprises
5 /
Patlno
j"
>2
,
1,300
127
*18
*16'A
14,000
43.
.
>85%
55%
14%: 14%
12
12%
14%
,
*6% ?;
•:
.
100
Inc
Consolidated Mlnesj
Utah
Parker Rust Proof
29% Jan
14% Feb
15 Vs May
38 Va Nov
1
Refining
Pictures
2% Jan
24%
Dec
.
13%
13%
;
42%
127
.
;
20%
*26
19%;
24%
.
*67
,
4%
8%
>"*94 v
'
Paraffine Cos Inc com (new)-Nopar
Apr
38
V."
'88
88
$ per share/:: i
49%
48 Va
•
13 % May
45%
s
•
Panhandle East Pipe l com—No par
29
111
■
"
*13%
13
Feb
19%
87%
14%
...
30%
48 %
4%-
& Transp—5
Park & Tilford Inc
6% Mar
/i*4%
'
10
Airways Corp—;—2%
13
9
,
Car—;—___Nopar
Motor
American
Jan
24% Feb
43%
31
27%'-
59
.
!
Ji :• 32
51
*50%
*30% •5 31%
89% f 89%
146
*143
1
Oil Corp
'
Feb
:
1,700
.
13'a
'
11
21
22
37
5
13%
37%
; 13
,
86%
,
83%
273/B
;
-
Feb
96%
—100
Western
Pacific
•
.No par
Pacific Tin Consolidated Corp
16% Jan
Nov
No par
Corp
preferred
11
Mar
2
6%
13
55
;
Pacific
2
3,600
22%
37%
20%
>
83%
18
'
12%
*30%
—-
8
Jan
:
'
27
109
9 Vb
'■!'
21
28
12%
,
*12
-
8 Va Feb
Dec
j
Rights
4 Va Feb
Jan
33%
issued
13% Feb
40%
Jan
86%
♦20%
152
69
Feb
90
5%
*85
*27%
-1 per*share
.
97 Va Jan
-
i
14%
14%
27%
*86
59
1st
22
:
500
-
87%
22 %
;.
•
,
.24 Vb
.
89
:
,
low and
27
5
89%
14%
18«A
:
Feb. 28
Pacific Amer Fisheries Ine
Lignting
•.
:
1,200
,
21%
.
*86
.
•
89%
23%
'
*88%
14%
*150%
•
Saturday
stock
Mill3__
8
8-7%.
43 Vb
/ 235
23 Vb
23%
-
fc'4%
94
10%
'89
59
,
Pacific
% Jan 15
*220
235
V
*21%
152
*18
,
12
5% Jan
%
; x2i
120
•
43 „' 1 43
127,.- 127
13'A
54
11
>
;i"
273A
*150%
<-_100
■
35% Jan
53
93
•
.22%
38
13
20
'j
10%
95
22
27%
No par
common
July
18
234
-
24% i/24 3/4
.
95%
22
13
11
12%
20
50
10%
*17 VB
24%
:*83A
Pacific
10
21%
*37
.-
127%
*48
20
15 .,■/■
.28%
,
,96
,'*93%
15
% Feb
-
*86.,
Va
44%
,
127%
13% :•
13
.
44%
/
127,
<
14%
*30
.17%
24
24
4
Oct
>
15 Vb
100
*17%
Jan
41 % Feb
Feb
59%
43% ".44
22
33 Va
13 Vb ; .13 Va.
-r
..
26%
*5 VB
283A
*95
% Feb
Jan
'
■
4,600
93
;
*
30
11%
"
22 VB
.22 Vb
*
400
93%
11%
.'
*
,43
'
87%
,.
,v
*37%
-
21
*34%
100
28%
8
144
22%
22
•
-•
13%
50
14 VB
31%
*30
u—8
13
2
38
851,
12
19% Jan
Jan
43
43
22%
55%
12
36% Jan
134
I' Z
*86
.
21%
*18%
24%
.
31 Va Mar
Feb
Dec
3% May
21% Jan
9^ Va
.
32
5%
16% Feb 26
168
131
90'/a
43
26%
■
35
.
5%
;
7
89 % Feb
11%
.
87%:
13
23%
*87
/
14%
40% Jan
Jan
92
II Va
28%
28
92
X90%
55%
24%
13
129%
*27%
28
11%
V
"
102
*92
28
92
11%
v
13%
*100
11%
28
93
16 VB
13%
102
*100
'
19%
87%,
34% Feb
Feb
102
*90%
27 Va
Oct
30
1,000
32
*83
.
*23%
■
Par
31% Feb 24
1,803
13%
16 Vb
13%
13%
*13%
*100
26 Va
18%
preferred non-cum
_Nopar ,
*67
37
2nd preferred non-cum—-Nonpar ,
-"*35%
Pacific Finance Corp of -Calif
.id j.- - * 16 vs .r 16%
Pacific Gas & Electric
—25
j31va '31%
54
16%
13%
16 Vb
16%
16%
16
102
32
27%
,
Pacific Coast
5
2,400
>10%
12
19
800
11V«
37%
20
15
Jan
hi Feb
13 Ve
11 Vb
55%
15
13% Jan 31
49% Mar
13
11%
127
235
....
32 "
71
Feb
13%
11%
55%
11
Jan
13'/a
11%
*26%
26%
11
6<n%
13
-
21%
50
*20
27
.39%
12%
11 Vb
*86
•
12%
,
84
21
Feb
Nov
400
22%
89Va" 89%
W14%. 14%
•84
11
25% May
*89% Dec
22%
22,800
'
14%
'
50%
22%
42%
128
23%
•20%
exchange
When
23
400
«
'
*23
\ 23%
*89%
90 %
11% Feb
5
*22
22%
*43%
*43
62% Feb
19
23
42%
13 %
>,*16%*
Oct
30% Feb
40
23
*91
>
37%
v
.12%
'
20
Sep
43*% j"an
87%
13%
21%
43
,50
Feb
Dec
86%
*100
87 Va
>
21%
127%,
19
46%
88%
:
*86
-
>41%
12 VB
100
new york
17
*86%
22 Va
■
4 per share
15% Jan
88 '/a
42%
'
..' 37%;
129
.
*86
Highest
r
*86%
16
14
42
16
Jan
*83%
; Lowest
4 per share
88 %
•
11%
80
Jan
24
j
22
23'A
16 %
102
stocks
8 per share
21%
92
*16
Co
Range since Jan. 1
,
Highest
22
;
'
Marine A
Range for Previous
Lowest
•i
21%
29
*47
common
Owens-Illinois
22 %
11%
,
2.5o
Co
preferred
Outlet
21%
*90%
V
convertible
Outboard
22%
11%
*22
1,000
23
*27%
.•
7,300
23
•22%
,
93
23%
22%
83
*82
12%
'
*23
\i
22%
11%
*91
82%
%
23
28%
v
82
i*
83%7'
90%
v
17 Vs
83
17%
U
,
22 %
,90%
11%
f
No par
Elevator
6%
29
Jan
73% Jan
5
;Jan
'
U
83%
*
12%
.
17%
Ui
*82
17%
17
%
*27%
>12%
40%
*124
No par
RUbba
cou
Corp
17
%
11%
16%
' 37%
,
S; 12%
25 1
50
Telegrapt
&
preferred
AVs%
1,300
16%
12
*13%
21%—
•
'
..
*37
Oklahoma Gas ti Elec i%
Oliver
17%
15 Vb
•
12%
*100
87%
-
*2L
pfd_„20
No par
preferred—100
Omnibus Corp
(The) common
6
8% convertible preferred a—100
Oppenhelm Collins
j—10
8
10
400
12%
21%
»,
18 Vb
17
:Jan
40
6%
6%
7
'
,
27
Ohio
Oil
138%
*6%
7
Co (Minn)—
Pharmacal
4.40%
•137
*6%
*11%
42
42
,"21%
*83
Ohio Edison Co common
1
138 »/a
23
9% : 10
12
18% Jan
99'
25
118
..
15%
Mar
Jan
27 % Jan
5
Sep
86
4
*137
%
0
27
91%
137
*22
93
*
15
cumulative preferred.:
Norwich
137
7
92
11%
•
pfd $3.60 series
No par
Northwest Airlines Ine common—10
Tire
138%
*6%
28
**91
Cum
4.6%
♦137
6%
*86%
11%
70
167 Va
21%
'13%
110
5,500
166
88%
.102
3,400
>
167%
21%
16%
.
,
*166
22 %
„
32%
166
*86 %
13
32
„
166
21%
'11%
32%
32%
167%
21%
.
16%
91
•166
80%
*
16%
91
138%
*137
-
16%
91
*89%
166
166
%
41
*39
32
x31%
31%
31%
22%
*90%
Northern Pacific Ry—
Norwalk
31%
31%
Va
1,400
18,500
18%
18%
18%
44
16%
16%
89
84 Va
*13%
American
Northwestern
16%
89
22 Vb
*16
Aviation.
Northern Central Ry Co___.
Northern Natural Gas Co_.
1
16%
88%
84
•100
Co
American
Northern States Pw.
79%
16%
88
22%
•22
2.50 1
——4
25 ;
—25 '
Norfolk & Western Ry com
3
16%
88
83%
20%
100
cumulative preferred
Noblitt-Sparks Industries
Nopco Chemical Co—
17.
16 Vb
.,
18%
*39
44
*39
88
.
16 Vb
*86%
18%
18%
18%44
♦39
4c Gas Corp—
Y State Elec
$3.75
87% Jan 22
4
Jan
18'A
44
6%
-
15 Vs
18%
18%
"
preferred
non-cum
15%
15%
15'A
•39
22%
Dock common
York
2,100
6,500
15
83%:
No par •
No par
No par '
Y & Harlem RR Co
60 '
Y New Hav 4c Hart RR CoPreferred 5 % series A
100, ,
Y Power & Light 3.90* pfd—100 '
Y Shipbldg Corp partlc stock—1
Y
$5
11
25%
15
'16%
%
—_1Q0
preferred series A
City Omnibus Corp
New
19.
Mar
4y% J*
6%
10%
25 Vb
15
6%
*1G%
100'
*
11
25%
15
138%
6%,
Newport News Ship 4c Dry Dock—1
New York Air
Brake
No par
New York Central—No par ,•
N Y Chic & St Louis Co com—100'
5
20%
preferred
4%%
10%
25%
15 VB
•137
No par
Nelsner Bros Inc common
1
4%% conv serial preferred—100;
Newberry Co (J J) common—No par
3%%
preferred
100
New England Elec System
a—20
New Jersey Pr & Lt Co i% pld—100
'
Newmont Mining Corp
10
1
11%
25%
15
166%
11%
Newport Industries common—
11 Vb
25 Vb
•166
Corp
Nehl
11%
25%
31 VB
31 Vb
No par,
Co
Natomas
22
20 % Feb
102
Nov
24
Jan
19
10
Dec
Jun
230
104
26
Feb
Feb
32%
Dec
Dec
8
44%
17%
52
14% Jan
:jan
X87%
1
6
28
Nov
Dec
.
7
87
<
108% Jan
22%
32% May
12
May
18% May
80
May
11% May
19
Apr
Feb
100
Feb
98
11% Jan
19% Jan
.
11%
2 5'A
88
*12%
Fibre Co
11%
16%
16 Vb
10
a—1:
Co
Tea
Vulcanized
Shares
26
44
•39
•87
25
,
the Week
S per share
11%
18%
18
Sugar
National
6
x22
Corp
share
Sales
Mar. 5
Mar. 4
I per share
25%
'15%
15'A
Ref Co
No par,
National Supply (The) Pa com—10
4 %%
preieired
___ 100
12% Jan
Feb
28%
5
25% Jan
Steel
National
$ per
1 per share
$ per share
for
Friday
Thursday
Mar.3
11%
25 %
.
HIGH SALE PRICES
Wednesday
AND
25%
•11
1
No par
5
No par
Nat Enameling & Stamping—;No par
National Gypsum Co tutu
1
$4.50 conv preferred
No par
National Lead Co common
10
7%
preferred A
100
6%
preferred B
100
National Linen Service Corp
1,
Nat Mai & Stl Cast Co
No par
Natl Power & Lt ex-dlst
No par
National
94
Dec
Feb
Mar. %
< per share
Par
Cylinder Gas Co
National Dairy Products
National Dept Stores
National Distillers Prod
National
5
10
85% Feb
Jan
17%
2
2
Jan
91% Jan
22
18% Feb
Sep
29%
Jan
22
1
10
16 % May
105
2
7% Feb
15% Feb
28 %
20% May
12% Dec
11
Apr
Jan
1%
74% May
21% May
12% May
Jan
Jan
8%
28
Dec
Tuesday
Mar. 1
LOW
share
2
Jun
48%
Monday
Feb. 28
EXCHANGE
13% Jan
4
Feb
38
25% May
J per
t per share
17%
107
Saturday
STOCK
YORK
NEW
Range since Jan. 1
Lowest
Highest
Highest
4 per share
RECORD
STOCKS
RAnge for Previous
Lowest
STOCK
YORK
NEW
Year 1947
Monday, March 8, .1948
COMMERCIAL & FINANCIAL CHRONICLE
THE
(1058)
i
400
140
'
:
Volume
167
THE
Number 4679
COMMERCIAL
&
FINANCIAL
CHRONICLE
(1059)
NEW YORK STOCK RECORD
Range for Previous
'
>
Year 1947
Lowest
»■
'
f per share
27%
Jan
21% Feb
26
23% Jan
5
•
Dec
29%
Jan
22% Jan.26
25% Jan
2
>
21
110% Jan
2
95
Dec
10% May
21
Jan
85
16 ?8
Dec
104
Jan
91
Jan
28
14
Oct
Jan
19
Nov
28
Jan
84
Feb
25
Dec
Jan
109
Feb
87
Dec
101
Mar
21
Apr
43
Dec
81
Jan
93
July
63%
July
43%
Jan!
6
Feb
16
12
.
/ 30 %
99%
Apr
96%
Dec
10
18
12
i
16%
102
Feb
Feb.
4%
-
;
preferred
3.60
series
21%
21%
21%
21%
04
23%
23%
*23%
104 7/«
105 y2
*104%
.
xl00
x
preferred
2
100
*93
.
1
34% Jan
7
5
8
104%
93;%
.• •
29
$4
Oct
11% Feb
Mar
11
87% Mar
-
14% Jan.
;
5
Jan
30
2
yo •-
4
18% Jan
32%
E«ec
2b % Feb
11
32% Jan
16
16
Dec
12 % Feb
11
.
17% Jan 10
<;
Dec
Aug
169
Aug
145
163%
Nov
203
Jan
157
Feb
16
32 %
Apr
Feb
34
Feb
20.
.
7
42%
May
10%
8 % May
114
\Apr
69% May
.67
Jan
07-
'.
39
'
88%
"s 50%
/ >12%
56%
.
,
93%
-
,
Jan
27-=
140'
;
87% Jan
«
28
15'
Feb
13;
Jan
145
Jan
9'
Oct
14 %
Jan
1Q
38
Sep
.80
71% Feb
38%
Dec
33
28% Jan
.
Apr
19% May
35%
21% Jan
145
*
5%
.
5%%
9
33% Mar
22,
3,
10% Jan
16
491/2 Jan
Feb-17
-
Jari
6<
9
14';
34*
12% Feb
Oct
13
2!
9
15% Jan
33%
Dec
15%
Nov
12% Jan
'
Feb
8% Feb
Poor Ac
28
13% Jan
H%Jan
9'
13
34-
2
Dec
43
Feb
31%- Feb
71%
Nov
62% Feb
16
32%
Jan
18
27
May
15% May
85% Dec
102%
Feb
30% May
38%
Jan
32% Jan
25%
Feb
20
90
Dec
•
Dec
102%
111
111
■>
Dec
Dec
130
Jan
110%
Jun
146% July
114% Feb
51% May
21% May
18:
6
'23
Jan:
84.75
12
Feb
5.
Feb'
102
Feb
6
111% Feb
97% Jan
16
11
$5
14
108 % Jan
7:
6%
9
7%
12
8%
109% Mar
5
,
111% Jan
45% Mar
5
Feb
x25% Feb
53
5
109 %
Jan
101% Feb
13
24%
Dec
36%
Feb
x25
Feb
Pure
Jan
5%
5
24Vi Jan
conv
10%
Feb
7% Feb
20
9% Jan
80%
Feb
63% Feb
11
69% Jan
5
Dec
15%
Jan
7% Feb
27
8% Jan
8
Dec
105% Mar
28% May
41
17% May
32
32%
38%
Dec
16% May
92
Feb
22% Feb
20
Jan
28
16% Feb
20
36% Feb
24
31
16
Dec
39
.-July
18% Feb
'-108%
16%
10% Feb
Mar
Feb
May
•
''
Feb
24
30% Jan
<.
5
34 V# Jan
2
39
12%
Dec
20% May
Nov
29%
11% Feb
Feb
23
14
4
Jan
23
14% Jan
25
7
Jan
5
10 Va
Dec
17%
Feb
10% Feb
27
11% Jan
5
OZ-
Dec
a**/#
reo
62% Jan
14
63% Jan
Mfg Co
17
Aug
12% Mar
5
14% Jan
2
Remington-Rand
102
Jan
x95% Mar
5
97
9
27
29% Jan
7
30%
Ren
13%
13%
13%
-
-33
13%
13%
13%
13'/a
8%' " 8%
.13%
13%
13%
8%
8%
8%
8%
*31
33 :
64%
64%
65
18%
18%
18%
82
/
82
'
*34%
35%
20%
.",
,
Year 1947
$ per share
Range since Jan. 1
Lowest
Highest
f per share
Motor*
*31%
18%
82
82
34 Va
34%
20%
21
83
^
34%
20%
130%
129
129%
94%
Jan
ft% Feb
10
8% Jan
12
8%
Feb
3% Mar
4
4% Jan
9
9%
Dec
15%
Feb
30%
Feb
8% Feb
22% Feb
11
10% Jan
11
27
Jan
5
5
105
Jan
9
10
Apr
15% Feb
82% Feb
Feb
5% Feb
20
19% Feb
Mar
103
'
14.
91
May
-
Dec
6%
Dec
19 V4
2
Jan
113% May
24%
Feb
110
11%
17
19% Jan
93
Jan
2
9
7% Jan
,2
27
24 Ye Jan
2
4
104% Jan
39
May
124
9
May
16%
36 y« May
45
May
•
44 Vb
Feb
50 y2
Dec
48% Feb
13
50
Jan
87% Feb
18
93% Jan
45%
19
Apr
104
Jan
Jan
94
Feb
7% Feb
11
10 Vb Jan
5
Feb
14
41% Jan
2
38
-
23% May
5%
Sep
25%
Feb
20% Feb
10
23% Jan
6
18%
Dec
15% Jan
26
18% Jan
2
31.
Feb
22% Feb
10
5% Feb
11
6% Feb
'13% Jan
5
10% Mar
r
;
26%
27%
$1
22
.6%
65
Reynolds
5%%
40-
frw*
21
21
Jan
22
64% Jan
Ruberoid
Feb
'14% Mar
3
18% Jan
Ruppert
24
46
Jan
8% Feb
11
32% Feb
11
28
27%
28%
27%
28%
28
28%
106
1C5%
26%
22
68 Va
Dec
67
Jan
2
•
57
Dec
60%
Dec
58
Jan
29
>
9
Jun
12;
Oct
8
Feb
13
*
98 y2 July
79
Feb
18
*20
Dec
26% July
18
Feb
13
8t
108
Jan
Jan
5
112 Va Jan
8% Feb
10
9% Jan
'23% May
I 40«A Dec
(V92 1. Dec
30
55%
Jan
25% Mar
5
31% Jan
2
40 Vs
Jan
40
Mar
2
103%
44% Jan., 5
90
Dec
83 y2
■
•
Dec
'11% May
1; 39 % May
90% Feb 27
95
Jan
9
102% July
18ya Jan
88'A Feb
91% Jan
13
13% Feb
13
14% Jan
98 % Mar
81% Feb
20
85% Feb
24%
Feb
13% Feb
11
13
23
Feb
44 '
19%
Nov
15% Feb
43%
Dec
35% Feb
Feb
5% Feb
40% July
16% Feb
50
7
31% Feb
38
11% Jan
Jan
Feb
Jan
12% Jan
16
Dec
16%
Feb
6% Mar
10% May
16%
Feb
10 Va Feb
20
Jan
94
Feb
26
104
Jan
31
Dec
26 Vb Feb
11
29
Jan
5
Feb
11
35 !A Jan
10
101
Dec
20%
Apr
24% May
110
30%
40%
Oct
For footnotes see
page 26.
30
8
Jan
2
12% Jan
13
21%
*21%
21%
100
8%
25,300
8%
8%
8%
8%
8%
8%
8%
65%
C5%
x65 %
65%
65%
65%
65%
66
1,400
7%
7%
7%
7%
7%
7%
7%
7%
8
9,400
93 VB
93
'
93
x93
,
93
92
31%
32
32
32
32
32
32
32
32
17
17 VB
17%
V
*35%
37
V
*30%
33
*30%
*10%
:
11
102 %
105
*
"17%
17%
*17
38
*36
-
*36
17%;
1
*30%
33
*31%
32%
*31%
107/B
*10%
10%
*10%
10%
*10%
*102%
104%
*102%
104%
*102%
104%
Xl2%
12%
12
12%
*12
*11
1
,
24
11 Vz
!
*11
11%
24
10%
,
¥
*63
24
24
10%
10'A
*11
10%
63%
*62'A
23%
*102%
*12
12%
12%
*95%
12%
V
97
23%
23%
*95%
63
12 7
,.10%
*62%
12%
Saturday
18
38
32%
*31%
32%
10%
*10%
700
18
*36%
10%
104
*102
100
100
104
*11%
'
1,100
'
■.
-
12%
1,000
k
12
10%
*11%
11%
24
*23
24
1,800
10%
*10%
10%
1,000
10%
63
*62%
12
*23
24
*62
13
12%
*96
97
97
*62
63
13
4
13%
:
24%
24%
24%
Tuesday
Mar. i
9 per share
7%
3%
63
12%
42%
-
x95%
95%
100
*24%
24%
800
97
25
24%
Wednesday
»
9,300
PRICES
SALE
Mar. 3
*8%
' 9%
8
8'/a
Thursday
Mar.3
24%
par
•
Friday
Sale* for
Mar. 5
Mar. 4
8%
8%
3%
3%
9
24%
8%
3%
87/B
8%
9
25 Va
24%
'
*104
105
16%
■
*104
.16%
*85%
105
*104
16%
5%
5%
19%
19%
16 %
86%
,
*95
the Week
5%
Controls
...
8
—
94
97
8%
*48 %
21%
16%
23 Vz
23'A
*22%
5%
*5%
5%
*5%
7%
7%
7%
7%
20%
*19%
20%
20%
'58%
57
16%
57 V
*16"
16
*41%
41%
9%
<•9%
37%
■37%
-
-
.
41%
9%
-
•'
♦63%-
5
preferred series A
18%
*110%
:_loo
i
Sears Roebuck & Co__.__
8%
*8%
25%
18%
9
16
42%
'
f
58 Ve
58 Vz
*58%
15%
14%
14%
43%
9%
8%
8%
81
18%
110%
18Vb
V *8%
V
9
'
*90%
90%
90%
90% f' f
89%
89%
90%
90%
13Vb
13 7 B
*80%
14%
*44
*13%
*80%
83
'14%
15
•
46
*43%
16 Vb
37%
*6%
7
14
,•
83
26%
.40
*81
83
90%
14
*81
83
91
90%.
"13%
'
'
15%--
16%
16%
38%
39
6%
33%
33%
34 VB
33%
11%
12
11%
11%
12
7
6%
6%
10%
10%
6%
10%
96%
'
26%
26%
27
30%
31%
31%
32
10%
'■
-
;
■
<-94
16%
,
34%
12
39%'
* *6
"33%
12
37%
73
*92
43
^
8%
81
'
,
,
8%
*7 8%
r'
-
.
..
1,500
834
9
3,600
All
8%
20
3,200
240
25%
1,700
10,600
500
*91
92
.
90%
*90
*82
*6
310
81
40%
83%
38%
210
6,500
25%
83%
14%
9,900
8%
*
91
44
14.400
40'A
,257/8
1"41
14
'14%
-
-
74%
18%, .18%
110 Va
110%
14 VB
*16
6%'
94
74%.
i
90%
44
16%
39%
6%
9%
37Va
;
14
45
7
42%
<
9%
*90
*15
*6%
*26
90%
*90
,
9
25%
*40
*44
16%
10%
40%'
15 VA
38%
*94
<t'V
26'/a
45
3?%
96%
110%
15"
j
*94
9
25V's
',
9%
43%
i. 600
600
,
.18% ,.19%
:
110%
44%
5
-
8%
*78%
15%
38%
"*6%
■
'
40%
"
59
15
14%'
94%
*73
8%
19
*57
:
38 »/2
93
73 '
45
*15%
.-
■
9
•;
90%
.
400
19
'
9%
38
93
81
110%
90%
37%
1
No par
19
.
110%
25%
*15%
%
*80
40
14
'
8%
81
.
v
70
V
42%
9%
38%
'
8%
3,300
15%
15%
*18%
•
43%
9%
89
>
26
1
No par
<
38
42
Seiberling Rubber
Shamrock Oil 8c Gas
Sharon Steel Corp
43%
4
9%
68%
8%
1
l.lOO
7%
21
*20%
59%
14%
*40
14
20%
15%
41%
89% V
V
20%
58
-41%
*88%
20%
_
87
18%
2,000
5%
■
7%
19
64
111
600
2,600
,
23
5%
16%
86%
81
16%
*22
*18
Seeger Refrigerator Co
Co_
Servel Inc common
$4.50 preferred
20%
7
*15%
43
;
9%
21%
■>
5%
19
64%
25%
7
16%'
15%
-
90
16%
23
•'*5%'
*57
57
90
21%
.
*18
86%
8%
26
*22
:
5%
7%
7
■
38%
111
23
f
5%
49
i'
17
*15%
38
18%
-
111
5
No par
21%
17
19
38 V2
*80
No par
1
90%
:21%
16%
16
8%
,
87
5
$3.40 cum preferred—_No par
Scovlll Mfg Co 3.65% cum pfd
100
Scranton Elec Co (The) common__5
Seagrave Corp
*80
-
*89%
21%
*48%
120
"
*63%
64%
8%
...100
Savage Arms Corp
5
Schenley Distillers Corp
1.75
Scott Paper Co comrnon__._.No
par
89%
*22
38
87
700
18,300
21%
-
23
*82
*83
8%
38%
16
19
"
95
8%
38 VB
*18
16,
*
V
94
38%
49
20%
16
1,500
*48%
5%
7%
*18
14,300
49%
17
16
5%
20%
94%
8%
•
8%
38
5%
*48%
89
21
16%
,
20%
16%
89
20%
.19
8%
"1
5%
3,500
•
21
89%
89%
16%
*18%
5%
38 Vb
38
49%
*22
:
*8%
38 VB
89%
*15%
.
t'
100
x__
96
8%
38
'
preferred
110
20%
vtc—100
C<\ common.!
17
85%
-7%
10
v t c._No par
57c
16%
85
16%
—No par
com
series A
17
85%
*22'A-
'
(The).
(Jacob)
16%
85%
*5%
1
100
16%
85'A
20%
*19%,
500
21,400
16%
16%
'
2,900
'
85
96
*94
50
17,900
16%
94%
*48%
-.89
105
21
50%
.
8%
86
5%
*48%
8%
25%
'104 Va
21 Va;
"
25
104 V#
105
*104 Vb
V 5%
8 Vz
par
104Va
25%
*20%
38%
Co__l
25%
25%
5%
*8%
v
9%
25%
Shores
3%
9%
20%
"33%
89'
3%
9Va
5%
8%
20%
3%
*9
20%
38%
>
,3%
9
94%
98
*
3%
5%
*8
1
8%
20%
38%
par
8%
20
10
$ per share
8%
,
25 VB
105
*85 %
.1
.lo
_100
25% ;
16%
86%
87
t per share
t per share
3%
9
25
$ per share
8y2
;3%
'
'
10
Louis Southwestern Ry. CO..100
5% non-cum preferred-/
5 %
9 per share
3%
,100
24%
*96
4
'
Monday
Feb. 28
'
32%
4,700
'
*10%.
12%
*95%
24
400
24%
*32 Va
"
;
260
'29
24 VB
12%%
■;
■
11%
*23
63
*28%
"
8
97
24
'*"11%
24 VB
10%
,
'
12%
V
11%
-•
-
29
*17'A M7%
38
*36%
"
38
-
33 <
10%
12%
12%
37
37
*28%
93
93
92%
*16%
..2.50
series..-
Seaboard Finance Co
Seaboard Oil Co of Del
2
1,400
*31%
preferred—100
Joseph Lead
5%
21
*21%
300
27%
24%
cumulative preferred100
Seaboard Air Line com v t c
No par
44% Jan
10%
5% May
Feb
29,700
106%
24%
3.35%
17% Jan
30 ya May
11
Oct
6%
6
18 Vb Jan
55
Dec
Mar
17%
I5
28%
8%
'
pfd 4.40% series A
Safeway Stores common
Feb
if; 13 % Nov
21%
180
27%
..
3,500
*26%
24%
com—.No par
Co
1st
11%
Sep
21%
560
45%
*105%
29
,.100
}U7Vt May
«?
22
>21%
129%
110
45'A
.
107
410
27
27
24 VB
i
....
Co
3.60%
8t Regis Paper
21% Jan
114% Mar
Dec
82
*105%
27%
740
113
65%
*93
50c
common
convertible
Preferred
74 Va Mar
Dec
% 108
Metals
St L-San F Ry Co
10 V« Jan
106
.
27%
29
—_2
St
99% Jan
80:
106
27'A
24%
:
38% Mar
Dec
106
27
660
103 %
109%
29%
Royal Typewriter
Jan
128%
46 >/8
111
24
4%% conv preferred—
Ronson Art Metal Wk6 Inc
10% Jan
Dec
128%
46
*110
*29
Par /
"
.
—
Feb
Jan
-
24'A
/
Rheem
18
12 Va
129%
/ 110%
29%
-3
Richfield
54 V2 Ja n
37 %
66
*"
Preferred
Oct
39% Feb
128 Va
*110
23%
STOCK
Robertshaw-Fulton
.55%
128%
94
103
.113
29%
1
19
Jun
93'A
,
103%
24'A
50c
19
5y» May
May
18
6,000
112%
29%
x—100
Common
Oct
26 Va
1,700
21
103%
24'A
—__5
—
Jan
24%
94%
35
112%
1
Reynolds Spring
1
Reynolds (R J) Tob class B
18
68 Va
129
111
120
*34%'
20%
46%
.7%
94
*29
25
Rexall Drug Inc
24% Jan
19% Sep
42% May
17% Dec
21
46 y.
*65
7%
*93
prior pfd series A—100
Revere Copper & Brass com_.No par
5%% preferred
..100
14
Nov
2,500
-
34%
46'/a
8%
65
7%
conv
22
20%
-
,
preferred
1
Republic Steel Corp com,—u_No
15% Jan
Dec
3,100
82
45%
*21%
8%
8%
1;
5
convertible
19% Feb
18^-
66%
82
82%
46
25%
Jan
19
33
20
111
*105%
*21%
129
*110
4,200
19 y2
46
25%
8% Jan
24% Jan
*31%
34%
-
113
{
8%
'
.65%
93%
104
113
10,200
19%
20%
h
94%
103%
113%
900
13%
.
8%
33
'27%
.
105%
Manufacturing Co_i
Oil Corp..
__No
Rltter Company
No
Roan Antelope Copper Mines..
7
93%
94%104
"
*13
8%
900
''
13%
13
..
200
65%
*82
20%
113
30 '/a
18%
34%
103
30 Va
*110
45 y2
25%
50
series
Republic Pictures
20
Dec
•
-
34%
20%
-
,
13,000
.
65%
'
82%
*82
31%
2,600
10
47
'
:*104%
Republic Aviation Corp
8
Feb
85
4
V
5
Jun
90
•
"
*31%
.
;
32%
10 :
46%
33%
,
'
$ per share
9%
22% May
101% Dec
'
■
t
13%;
8%
65
18%
V
60
500
47%
~
370
73%
13 Va
13
33
64%
111%
EXCHANGE
4% May
*13
;
8%
18%
; *110
common
NEW YORK
3%
Dec
' 33
LOW AND HIGH
'
Highest
$ per share
8%
%
65%
Range for Previous
Lowest
13
18%
•j *129%
:
13
.
13
64%
•
34%
'.
13
65%
.20%
20%
*31%
\
.'-1
.
-
72%-
10%
*31%
-
1,000
75%
*15% " 16%
*139
150
v
32%
*10
46%
18%
...
*82
•
-<
10%
4,000
2,800
x.
*74%
>
150
-32%
-
30%
94VZ
$4.50 preferred
Jan
Feb
31
13%
100
common
pfd 3 Vz%
Dec
Nov
23
30%
*31
$1.25 div prior preference—.10
Reliable Stores Corp
No par
12%
Feb
20%
/■
100
24%
Oct
30y„
r
'
15%'
*139
48
113 y2
preferred—_5o
Co—
&
96
33V#
45 3A
50c
(Robt)
Cenv
33 %
32%
*10
8%
11%
11%
,
'72%
15%
10%
103%
Reeves Bros Inc
Reliance
•
*
35%
8
•
100
163
*127
*71%
'
45%
*30%
8%
75
"
35%
,
20
1,700
14
153
*159
12
*74'A
17
87%
*145
35%
*11%
72 y2.
1,700
27%
27%
*13'A
153
«
i 8%
.
-
150
45
93%
Real Silk Hosiery common
7% preferred
23-
-
32%
*87
♦127
*10
112 %
'
14%
32%
,
-
74%
*139
,
1,400
12%
163
.
35%
.
*i6'/2
150
110
12%
*
14
50
12% Feb
Reis
32%
i'2%
..25
2nd
2
rr31%
.
8%
*7-1%
17
*139
*159
.
12-."
•
74
72'/2
.17-
•
.
*127
;
"
*145
,
.
35%
,8%
74
-
'1
.
102
11%
.
7*71%
16 y2
150
103%
1st preferred
25
72%
16%
♦139
73%
93
preferred
non-cum
Feb
7
' 160
-
,
73 Ye
*72
153
158 y*
35'A
8%
lOloya
87 y2
11%
*127
•
73 y.
8%
31%
*99%
27%
„■
14
*913
87%
35%
11%
:
113%
Reading Co common!
non-cum
Jan
BVa
iiy2
! 8,900
: 31%
31%
101
27%
10 Va
1
4%
13
"
58%
*11%-
*13%
*145
8
300
53'/a
14
14
45 Ve
No par
4%
105
72
88%
360
40
88%
58%
*12%
,
87
*39
*37'A
28
*
'11%
*82
273%
153
7
100
*13%,
162
35%
3,200
40%
100%
12%
*87 "A
•
14
*145
104
common
6
21
88%
28%
*158'A
92%
pfd
10
11
12%
33
26%
S2y8
*95
"lO'/a
__l
Jan
11% Feb
12 y2
86
26'/»
88%
*31
,
101
.
100
3,300
87
;■
,
*12
31
31"
*100%
'
*94-
14
35%
100
34 % Jan
Jan
101
"•
-
__
640
3 800
%
*9w%
26%
58%
14
*85
85
*39
106%
94
87%
"
105%
R
Rayonier Inc
$2
?
162
16
-
13 Vs.
"
No par
No par
Raybestos Manhattan^
<
29%
85
'
58 %
153
No par
Ralston Purina Co 3%%
9
20 VB Jan
,
31
23-
■
*103%
Radio-Keith-Orpheum
9
31
Nov
11
31% Jan
57%
*12-
101%
.
*87«A
..
14
*112%
preferred.
■
x44%
;
,
Radio Corp of America com_.No
par
$3.50 conv 1st preferred—No par
28
Feb
33
Oct
Jan
Dec
■
37
9% May
98
21
28% Jan
22% July
48% July
96
18 V
Feb
29%
*82
45y,
Quaker State On Refining Corp__)0
5
Dec
8%
30%
*90%
88%
*30
1
"
7
7% May
88 y8
28
,100
common
30%
12
..lOo
1
(The)
15%
25%
40%
-44%
^.j.5
,—
.58%.
*94.
12
35
*31/31%
*10
t
lOVa
.
t
No par
Puritv Bakeries Corp
5
68%
s__i
preferred
Oil
96
,15%
,
'
.
40%'
::'.14
100
*127
16
com..No par
I
*94
15%
30
87
*82
*145
73 y.
*
*139
Pub 8erv Elec Ac Gas pfd $5x^.No
par
8
31
x21% Feb 25
Jan
/
No par
coin
Inc
94%
,
.
94
*87'A
s
88%
...
*12
-
xlOO
preferred
preferred
Pullman
12
107
;
,
5
30% Jan
11
Dec
2
Jan
100
58
,
101 y2
•
41
*156%
11%
73%
.100
T_No par
Colorado_'__20
of
94%
'
26 Vn
26
*30%
,
87
40
*87'A
..
88 y«
8y«
.
,71%
'
....
135% Jan
-.
Co
Corp of N J
preferred
119% Jan
Oct
94 Vz
•
preferred..
Service
Pub Serv
;
Feb
cum
Public
11
xl27
Dec
24%
Inc
Industries
57%
26
91%
*82
28
*127
5
l_x_.
Jan
29%
Mar
Procter & Gamble
Publicker
35
106%
20
9:
88%
*13%
161.
35%;
11
preferred series A..50
conv
9
87
8
v
No par
71% Jan
15
Feb
Aug
61%
4% %
.
87
86
*84'/a
25-7/a
91%
39%
12
-153
"
"<
35
100
.
85
2'6y4
'92
14 : /
30% " 30%'
14
*145
.5
B
22% Jan
,
25'
x90
120% July
■-
"Feb
x82
Aug
127 '
Feb
Jan
Co- class
85
*1?
*
88%
>158%
3,700
1,400
15%
30%
56'A
28
28
/
Potomac Electric Power Co..
>.10
Pressed Steel car Co lnc"cota_1
5
27;
16
57
19%
Jan
30%
96
'
*13%
!x__J00
conv
Plough Inc
I
Plymouth Oil Co
;
Pond preek Pocahontasx_
V
'
May
ser
30%
*82
12 %
"
1st
30
85
*94
*88%
____xl00
prior pfd
Pittsburgh Ac West Virginia.Pittsburgh Young Ac Ash pfcj
Pittston Co (The)
5
Jan
29% Feb
Oct
19%
*
11% May
9
preferred, class A
6
8
Jan
~
21
12%
r referred class B.-
30 V*
*99y2
;
1
Shares
21%
25
24%
105%
15 y2
*87 V*
30%'-'
"
'21%
105%
94%
15%
<*93
*38
,
-
j
*12
Wayne & Chic Ry cpm-^100
7%
27
Jan
*93%
*94
,
29
105%
15%
*99% 101
..7%
gtd preferrcd:_x____._J_100
Pittsourgh Plate Qlass Co.....^.10
Pittsburgh Screw Ac Bolt.'
.No par
Pittsburgh Steel Co com
—No par
2
14 % Jan
73% Feb" 28
■
>
9
10-
,
Dec
200
17% May
-
Sep
20%
May
10
Oct
84%
Pitts Ft
-
5
39'/8 Jan
11
Jan
26
163% Jan
.
13
140
Jan
Pittsburgh- Forcings. Co_-__—
14
20%
.v
—No par
•
10% May171
' Oct
140
,
Feb
8
Dec
145'
26
10% Feb
Nov
"15
,.
Jan
105%
15%
-/*JO%
*37%
*82
Pitts C C Ac St Louis *RRx—xlO0
Pitts Coke Atdkem €0 aom
No par
$5 convertible preferred_._No
par
Pitts Consolidation Coal Co..
i___l
.
24
105%
15 y2
25%
-
92
*87%
-
the Week
4 per share
24
94'/4
*84 y8
25%
*. 0%
•
i
.
21%
24
30
85.
*;:,25%
i_25
common.
preferred
21%
24'A,
23 '/a
15
2%
7*84 Y«
Salee for
Mar. 5
1
22
x21%
217/a
Friday
■
y
Mar. 4.
S per share
$ per share
*93
.
14%
14%
__x___5
Plllsbury Mills Inc
Dec
$ per share
.Thursday
Mar.3
■
1
"
100
._x
Phoenix Hosiery
*
PRICES
Wednesday
"
—100
—
■
.104%
Phillips Jones Corp
No par
9% cumulative preferred.
-100
Phillips Petroleum
;
..No par
5
103% Jan
i
165
;
21%
pai
SALE
HIGH
Mar. 2
.
,
I per share -
_No par
preferred
^
x
Reading Coal Ac iron
Phila At
30
13% Jan: 13
•
10
99 % Feb
Jan
62% Jan
30'A Feb 25
Feb "
96%
42
90
26
Jan
87% Jan 22
54% Jan 21
Feb
*
108
Dec
-
36
38% July
Dec
May
88
,
3.8%
-
2'
87% Jan
85 % Jftft 21
•
Jan
.
preferred
AND
Tuesday
Mar. 1
9 per share
"
50% Mar-
:
commph—No
common
Monday
Feb. 28
•
13
92
4.4%
Saturday
1
5\ Philco Corp common.'—,....
3
3%% preferred series A__x___IOo
28% Jan 10 <
Philip Morris it Co Ltd common—5
25% Feb 11
Dec
85
Electric do
SI preference
9
Jan
Phila
30
90
2
8S
Jan
16% Jan
33% Jan
•
22
98% Mar
35%
,
97,
j
LOW
•
Par
Deb
121% Aug
109% Aug
'
:
;.
t per share
f per share
21%
111% Dec
''
STOCK
EXCHANGE
23 Yk
•
NEW YORK
Lowest
Highest
S per share
'
Range since Jan. 1
Highest
STOCKS
.
r
'
14 VB
85
14%
14%
46
*44
150
60
1,400
10
2,100
400
'16%
*16%
16%
200
39%
39 Va
39%
1,900
6 Vz
6% *
*6
200
34% '
33%
34%
34
34%
12
11%
11%
11%
11%
6%
6%
6%
6%
800
10'A
3.80C
25,900
2,100
-
6%
6% *
10%
96 Va'
10%
'
*94
6%
10%
96%
lO'/e
,r
*94 <
10'A
96 %
10 Vs
*94
"
96%
27
27%
27%
27%
27 3A
27%
27%
27%
6.600
31%
32
31 %
31Va
31%
31%
31 %
31%
2,200
2
Highest
Lowest
May
18
$ per
$ per share
Jan
17% Feb
11
23% Jan
8
Feb
68
Feb
25
73
Jan
8
,
Dec
82
14 »A
Dec
21%
Feb
13% Feb
11
11%
Dec
22
Feb
12 l/a Jan
2
35%
39
Apr
Sheaffer
8
Shell
(Frank
Shattuck
8
5
7 % Jan
24
5% Feb
2
Jan
35% Jan
11
28% Feb
$3.50 conv pref series A
Co
Oil———;
38
May
12%
12%
12%
12 74
12V4
30%; 30%
31%
31%
32
31%
3274
11,600
6
6%
6%
3,200
6
6
2834
*33%
37%
*3534
37%
No par
16 %
16%
16'A
16%
16%
16%
16%
16%
167%
1634
--15
*lUo Va
20
*18'A
—
104
106
58
Jan
2
35% Jan
12
Smith (A) & Sons Carpet Co
10
com__20
*46
10
32
32%
Jan
13
88% Feb
27
*88
88%
8
cumulative preferred—100
Smith & Corona Typewriter—No par
Dec
35%
Jan
13% Mar
17%
Dec
19% Feb
14% Feb
5
11
24% Jan
17% Jan
2
3% May
5%
Feb
3% Jan
24
4% Jan
2
23%
Oct
42
8%
Jan
Nov
5%
54%
Apr
5% Mar
6% Jan
4
Feb
17
39
16
Jan
14% May
22%
Jan
13 % Feb
27
16% Jan
8
37% May
56
Jan
38% Feb
11
21
42% Jan
15
38% Feb
42% Jan
Corp
O)
preferred
15
Nov
42%
Dec
27
Dec
34%
Jan
26 % Feb
28
29% Jan
9
Southern
California
July
28 %
Feb
20% Feb
27
2474 Jan
5
Southern
Natural Gas Co
Apr
50%
May
Dec
43 % Feb
11
51
2
Southern
Jan
33% Feb
11
41% Jan
5
Southern
Railway
77
Feb
58 'A Feb
20
64
Jan
2
5%
Nov
81
Aug
70 % Feb
27
15% Feb 11
73
Jan
6
34%
28
68
May
20%
Feb
4 % May
7%
Feb
15
Feb
4
26
6
May
14%
Jan
6
Feb
Dec
93%
Jan
71
Jan
Jan
9
4% Jan
5
7% Jan
5
18
.
7
73
Jan
5
31% July
24% Feb
20
29% Jan
2
24%
Oct
20% Feb
20
24% Jan
29
May
Dec
17%
Feb
Feb
27
10% Jan
8
90'A
Feb
64
70
Jan
18%
Feb
15% Feb
18% Jan
2
Sep
16% May
8
68%
27
Nor
99
Nov
23%
Dec
83
Dec
8
2
Mar
45%
Jan
25% Feb
98% Feb
29% Jan
13
Feb
24
37%
Jan
102
Aug
22% Mar
2
Jan
29
104
28 % Jan
2
9
Jan
11
87
36%
Jan
19% Feb
27
25% Jan
31
May
114%
Feb
86
Feb
11
98% Feb
May
125
Feb
97% Feb
27
109 % Feb
July
54% Jan
27
62% Jan
2
Mar
63
Jan
94
Dec
12
13% May
11% Feb
18
Jan
49
Jan.
104% Mar
36%
Oct
19%
Feb
Brands Inc
Standard
39
39
39
39
39
38%
Feb
11
41% Jan
*38
39
*38
39
16
41
Jan
2
26%
26%
26%
26%
2674
2674
20%
20 'A
20'/a
20%
2074
20%
207%
20%
2,000
47%
4
47%
47%
47%
4734
16,500
3674
367a"
36
3674
4,LOO
40%
*4%
6
48%
36%
37%
*59
60
*59
60
*70
•
72
*70
72
1574
.
73%
*25
25%
22%
22%
22%.
'
4'%-
■
*59
25 3b
6
I 8%
65%
8%
*64%
j.
4 Va
13% Jan
5
convertible
4%
Starrett Co
6
*57'b
6
6
'
25-'%
25'A
23%
223%
223b
8%
8y4
8'/a
7 8'/4
64%
647b
64'A
26%
99%
99 'A
23
*81'/a
84'/a
;'Y
v
2
2
8
Stokley-Van Camp Inc
5% prior preferred
99%
ap-7%-
11% Jan
6
14% Jan
16
16% Feb
11
21% Jan
5
*81%
•' *
19%,
20
20'A
8 6'/2
64 74
220
17'/a
1774
167a
167-4
1,500
267%
26'%
26%
100
99'/a
99'/a
*993%
99%.
99i/a
260
23
2274
227a
2234
23'%
23 7a
233a
6,440
*81%
84%
84%
84 %
84%
8474
*83 74
847%
2dJ
20'/a
20%
19 s/a
20%
*85%
8674
8674
87
22%
87 / -
99%
•
"
9
75% Mar
51 % Feb
26
58
Jan
2
Oct
113% Jan
31
11
117%. Jan
6
11% Jan
10
2
38 % Jan
8
64%
*63 78
100
87
8
Superheater Co
Dec
Feb
160
1
14
11
Jan
21% Feb
A
pfd (4%%
Sunray Oil Corp
13
24%
11
18% Jan
9
Superior Steel
May
47
Mar
24
Feb 13
43% Jan
6
Sutherland
Feb
38% Jan
41%
*39
37%
*35%
*11%
12%
*33 '/a
33%
*88%
89%
29%
12%
12%
1
16%
17
177
28
28
*u-
13
13
7; 14
Paper Co__—
—_10
*38%
of'Americal(The)__4.16%
16% Jan
19
Sweets Co
36% Jan
19
Swift & Co—
20%
Dec
16% Feb
27
22
Jan
8
Swift International Ltd—
Dec
27%
28%
Jan
18%
Feb
17% Feb
27
21
Jan
5
79%
Dec
84
Jan
8
87% Jan
12
5
Feb
19
6% Jan
8
Sylvania Elcc Prod Inc com„No
$4 preferred
No
Symington Gould Corp
13
13
13'%
13 y«
14'/a
1434
14'%
1434
14%
17
17%
17%
*17%
'12%
127a
123a
1234
12%
123 a
127%
1234
5,COO
17»/a
17%
17-/8
1't'/a
17 Vb
lb ^4
17%
b.ooO
9%
1,900
'
9%
52
,:
Highest
Lowest
$ per share
$ per share
$ per share
YORK
$ per share
*115
9%
9%
9% Feb
3% Feb
15% Feb
52% Feb
Dec
17% Feb
6
4% Jan
11
68% July
10% Jan
11
Jan
12
Talcott Inc
11
Jan
8
Tennessee
14
60 % Jan
5
Texas Co
27
23
2
Texas
Jan
46% May
58%
Nov
47
Feb
13
56% Jan
17
21%
47%
Dec
37% Feb
10
46% Jan
2
98
*5174
5234
*52
523b
*115
116
*38%
9'/a
9%
*■
20%
1974
142'/2
1,200
10
'5,300
21
21
2,203
*143
146
16'/a
1634
39%
*38%
39%
*38%
16%
*14%
16%
*14'%
32%
32%
934
934
*143
16%
*38%
"
18,000
3534
21
934
20%
16%
39% v
16% 7
103 b
35 3 b
11
36%
146
9%
20%
146
125
xl038
1143 b
103-4
*35%
___
1,200
115'/a
116
*114%
oUO
39
39
393'a
900
1,230
1634
*1534
16%
16%
*14 7%
16'/a
3174
317 a
3,400
18%
V.r.UO
18
3,500
16%
*14%
31%
31%
32
32%
16%
16%
16%.
16%.
16%
17'A
1634
17'/a
par
17'A
171/2
18
18%
18
18'A
18%
18%
1734
18
1774
par
*83%
*83%
84%
8474
84%
84
84 'A
84
847%
1 JO
1
5%
84%
5%
5%
5%
574
5'A
5
5'/a
5
5%
1,800
*83%
'
'
■'-//
•
Mar. 1
I per share
Par
'
,
-
HIGH
AND
Tuesday
<
SALE
$ per share
share
per
3134
18
18'%
1774
»A
PRICES
Sales
Mar.
the Week
Mar. 4
Mar. 3
;>
Shares
$ per share
$ per share
$ per share
for
Friday
Thursday
Wednesday
Mar. 2
.
32%
16'%
32
■
9
—
*934
5
—
Corp
Corp
(The)—
*4
5
10%
10
*934
4'A
43»
*9 3a
434
&
16 "4
15%
533b,
5334
533b
54
_1
18%
18%
18%
1834
*15%
10
4%
*4%
16
25
Producing—
Texas Gulf Sulphur—
Coal
Monday
Feb. 28
(James)-
Pacific
*15
64%
5 '/a y 5'/a
Saturday
Gulf
Texas
*92
5234
142
141
,
16%"
LOW
Telautograph
18
98
*517 a
116
20
140%,/
16%
9%
9 74
*92
9%
-
20
%
9
98
31 %
STOCK
■
T
20% Aug
974
*92
52
517 a
116%
9%
98
"
*14%
EXCHANGE
Highest
*92
f'rK)
v
93a
9%
STOCKS
NEW
Range since Jan. 1
Year 1947
17
.
3,600
14%
"18
25
Range for Previous
Lowest
1,800
17
'./*
39 %
13
18
' 98
140
'
3,300
13
14%
17%
■
20
a
28
127 a
116
£'
^UO
273b
*17%
11
;
4,103
2734
18 %r
13
3574
i6
"/
90
*89
:
200
34
333b
.
.
.
1134
113a
34"
90
*89
27%
11
25
24
28'/a
35 74
x30% Feb
7%
2tJ'/8
12'
*11%
34
11 %
Oct
3"% May
89%
34%
Jan
Feb
1134
34
107<e
21%
14
1174
89%
34%
37%
Feb
37% 4,
11
!„50
2,600
41
*36'/a
35
Jan
10%
*38'/%
37%
10%
Jun
104% Mar
41
33%
52
9%
12%
*40
12%
9%
19%
.,12
*36'/a
3474
9%
200
95
41
107a
19%
12,200
4,8L0
*92
127A
12 74
5,800
26
253b
.
95 '
37%
35'/a
*141
26 7a
•
'
-
*36
10%
25
!
Corp—,
26
.*92
1,900
11.100
727/a
72
737%
73
":*■
39
*40'A
*34 7a
10c
383/b
37
_i
(The )—_No par
393'a
''
v"
41
12.50
Superior Oil of California—
57'A v57%
*39
*11%
*92
116
*115
100
cum)
577a
,
*36
-
89%,
12%
52%
"98%
3834
123s
33%
12%
51%
12'/a
,14% /
13%
,_No par
12'A
89'A
*17'4
9%
92%
29 %
17%
98
92%
12%
12%""
33%
13%
*9%
92 '/a.
2,800
100 -v - r.
98'%
737426'/4
33
*11%
12%
*92
727i
25%
99
57%
:
3974
4
89%'%
29
1
3874
383A
72 7
337a
*83
*29%
583a
257'4
*92
■':%
41
^37
17%
14%
>
?'
13%
30%
15
12
*36
*
May
11%
98%
5734
37%
71%
^ ;
*39%
No par
Sun Oil Co common—
Jan
160
95
*12%
Sunshine Mining Co
3
l
*91%
987'a
58
2o%
.
:
r<
1
$4.50 series A preferred
"
'
72
11%
11%
'
38
f 25%
9834
98%
"57%
11,700
89
87
v.
800
2134
193b
1934
1934
*86
*'
;.
57% V
37%
37%
15
Sunshine Biscuits Inc—
11
57%
-No par
7
Mar
98%-
'981/2
57%
5
Studebaker Corp (The)—.
Sun Chemical Corp common
Class
99%
57%
100
„
Stone & Webster—
Feb
9 % Mar
5,100
26%
,
?,20% *
87%
5
97
18% Feb
10,200
'
8'/a
17%
100."
*
84%
•'
•.►/'"
20
11% Jan
140
600
2274
8
26%
27
„
,23'A
*
87%
common
4
Oct
737%
25%
2674
17%
.17%
v.'
fcar
L S—_No par
Sterchi Bros Stores Inc
l
9
24%
500
1
6
-?
2574
253b
*16%
17'A *
27
23%
preferred—E_—50
Mar
13% Mar
1,600
4%
,
*71
737%
►71
73'/%
*25
64%
64
17
23%
*25%
(The)
Jan
9 % Feb
10
700
•
27
65%
17
95
Jan
34% Mar
r
"
■
8'A
*91%
Feb
125
1674
.4 '/a
22%
.
23%
<8%
t
434
4'4
.
*71
25%
22%
lr-
r
8%
8
preferred series A
100
Standard Steel Spring common—1
14% Jan
11
73%
*15
71%
71%
100
59%
*71'%
60
*59
163b
4%
73%
*71
23%
16
6
*574
/
*71
25
15% '
■
4%
:
v
6.
6
T
'
73%
71%"
18
Jan
Jan
47%
8'/a
;36%
36%
25
25 %
20
Sep
Jan
59'A " '
71%
3
12%
10%
36%
59%
25
% Feb 27
45%
13'A May
48%
361/4
61
*98%
Stewart-Warner Corp
Jan
53% Sep
47%
36'A
37%
9
32% May
May
47%
36
71
32% Jan
Mar
1,700
26%
20%
24%
4
Feb
2634
267%
26%
25
Sterling Drug Inc common3Va% preferred
Stevens (J P) & Co Inc
17
2,100
39
20%
of New Jersey
—_25
of Ohio common—_10
Oil
2
13
1,900
39
26%
$7 prior preferred
No par
Oil of California—No par
15
9
10
39
*38
20%
Standard
Jan
97
5% May
39%
39
/
26%
No par
$6 prior preferred
13
Feb
'l2Va
13%
38%
39
20%
Standard G & E Co $4 pref__No
91% Jan
Apr
36
*38%
*38
No par
preferred..
$3.50 cum
39
Feb
Jan
1374
No par
com
10
15%
13
133b
64%
30
109%
101%
13%
*16%
Feb
16
8% May
13%
5
Squibb (E R) & Sons common—1
$4 preferred.
No par
Jan
Feb
17 % May
Jan
2
27% Mar
1,100
13%
39
13%
—
88
25%
7%
Jan
15% Jan
5
2,J00
40%
*38
13%
38%
29,ouO
6'/a
*39 3a
13%
*38
'200
4
4
13%
No par
preferred—.
$4.50
Square D Co—.—
33
Feb
Dec
43
10
11% Mar
15%
»;•,•"/10
■
*5%
13%
3%%
17
114
15'A
6
*13%
6
22
10% May
May
V
53b
40%
*71
96
13
22 74
4
YY 4
*3934
1
17
91
Oct
51
1534
89%
*20%
—
Feb
Jan
105
Jan
July
15%
700
33%
*88%
*20%
40%
__No par
Kellogg & Sons—
1
Sperry Corp (The)—
1
Spiegel Inc common———__2
Standard
24%
May
6
15'/2
-
*327%
1,800
'
*39%
No par
Standard Oil of Indiana—
21%
10% May
15%
4%
Standard Oil
19%
105
4
►5%
4%
2
14% May
Jun
37 a
5%
4%
2
38
Nov
4'
574
—1
12
37
30%
4
57a
1574
78% Jan
Oct
Dec
4
57 a
*15%
31% Jan
Feb
Dec
3%
15%
11
47
May
15 74
15%
6
*15
27
49
88
15%
15%
72
69% Feb
36"% Feb
Feb
34
*20%
*70
24% Feb
Jun
37
2134
153a
22%
72
July
44% July
80
May
41%
*2074
*20%
*70
31% Aug
17%
10% May
22
21%
21%
40'A
Spencer
2
63
37% May
88%
'
50% Mar
23%
33 %
8834
*39%
—100
Spear & Co common
$5.50
preferred
2
89
55'A
*32%
89
89
40'A
No car
r;
17% May
81
55%
33
32%
*39'A
common__No par
Spalding (A G) & Bros Inc
Sparks Withington
12
Feb
82
56
33
55
32%
*88
*58%
Conv
1,000
'
16
112%
55
*88
52%
33%
89
Mobile & Ohio stock tr ctfs_„100
6
13% May
23%
1974
54%
25
preferred;
non-cum
19%
53
•
27
73
Jan
193%
7.50
Edison
Pacific Co
50%
57% May
106'%
19 3%
40%
25
preferred
8 '/o
.900
106 Va
106
106%
*39%
South Porto Rico Sugar com_.No par
21,000
1634
20
5
Greyhound Lines
Southeastern
4
*5%
3,300
.
37%
16%
50
—;—,
22
40%
•/'
16,000
29
7%
*35
107
4%
15%
1
South Carolina E & G Co com__7.50
5%
28
*
19%
19%
19'/,
49
32%
*88
21
21
15
Socony Vacuum Oil Co Inc
Platinums
rSouth Amer Gold &
9
45
(A
3%%
19/
49
10
31% Feb
87
900
•
48
Feb
Oct
Smith
29
*103%
106
10o'/4
4%
"
Jun
48
105
18%
18%
39%
600
6 74
5%
534
4%
37%
102%
Oct
6%
*6%
6
►35%
Dec
62%
6
6
v
37%
5
29 '/a May
87'A
6
6
*35%
Co_„—
75
1334
•
37%
Sloss-Sheffield Steel & Iron...
-
12%
31
*35%
Skelly Oil
21
12%
31%
No par
Sinclair Oil Corp
115
12%
30%
29%
2
10
11
12%
*4-%
2
11
18
12%
30%
28%
5
Feb
92% Feb
Oct
12%
30%
14
4%
Jan
15
Dec
*12%.
*70 %
14
14
28%
Jan
Dec
23
Feb
Co—
18% Jan
18%
117%
14%
4%
24
May
14'%
28%
Simonds Saw & Steel—
Mar
13%
14
4%
8
May
*70%
14
*13%
21%
74
28%
Jan
15
75
*1334
*70%
4%
44
14
21
*70 V4
20%
74
28 %
Simmons
65
*20%
75
21
2'%
5
900
21
21
21%
14
20%
for
Shares
share
*70'A
*4%
Silver King
Jan
Feb
.
the Week
$ per
*20%
28%
5
34
36
'
Sales
Mar. 5
Mar. 4
5
5
14
Feb
51
share
Friday
Thursday
$ per share
Sper snare
_T—No par
Coalition Mines—
4% Feb
27% Feb
6% Mar
share
S per share
20%
—1
Corp of America
Sheraton
Feb
41
S per
PRICES
Mar.3
73
20%
No par
No par
1
—15
G)
Pen
A)
(W
Union
Jan
6%
Apr
4
Feb
9%
6% May
27 % May
Dec
Mar. 2
*70%
Sharpe & Dohme common—No par
15% Jan
13
i
Wednesday
Tuesday
iwar.
I per
Par
share
share
33%
SALE
HIGH
AND
Monday
Fee. *8
extnaNufi
$ per
70
24 V* May
LOW
Saturday
STOCK
YORK
NEW
Range since Jan. 1
Lowest
Highest
Monday, March 8, 1948
CHRONICLE
FINANCIAL
&
STOCKS
Range for Previous
Year 1047
Sper share
COMMERCIAL
THE
(1060)
16
*15%
No par
*52%
10
41'A
53%
:
934
4%
4%
16
1574
1574
15%
700
54.
54%
10,400
193b
20%
12,700
15%
5334
19
1934
19 V
54
54'A
55'/a
43 3 b
43
433b
3374
32'A
: ' 49
32'A
33%
3274
32%
49
50
4934
50
12 7 a
1174
1174
1174
12
18%
19
19
*1874
19
*i8y4
: 533b
42%
500
4'%
5434
16
54
19.'A
X5334
200
10
*934
43'b
54%
5374
42
9%.
474
18'A
42%
53
413a
974
4%
537b
*
Oil
93b.
/ 19'%
543b
*5434
54'/a
43%
1,800
55
17,100
447%
46%
'"32%
32%
49%
49 y*
800
1774
1774
2.7C0
44'%
Texas/ Pacific Land Trust—
15% Jan
34%
Dec
29
10
37% Jan
12
Sub
41
Jan
58%
Feb
45% Feb
5
50% Jan
10
Texas &
Pacific Ry
13%
Dec
15%
Dec
11%, Feb
10
ley. Jan
9
Textron
Ino
18%
Dec
19"%
Dec
Feb
18'A Mar
1
21
Jan
15
12%
Dec
21%
Feb
.10% Mar
1
14% Jan
8
41
Dec
59%
Feb
39% Feb
25
46% Jan
ctfs—
l
*32
32%
32%
100
48
48
49
50c
11%
1134
12
$1.25 conv preferred——No par
Thatcher Glass Mfg Co common—_5
*18 %
18%
18%
9
12
share
$2.40
Co—
common
*11
*39%
40
No par
*12 7 a
13'/a
May
17%
Feb
12% Jan
29
13% Jan
15
9% May
13%
Feb
8% Feb
11
10% Jan
8
Dec
60%
Feb
42% Feb
21
4.7% Jan
9
6% Aug
14%
Feb
7% Feb
19
9% Jan
9
Third Avenue Transit Corp__No par
24%
Oct
19% Feb
11
23%. Jan
2
Thomas Steel Co
8
Thompson (J R)
—15
Thompson Products com„__No par
4% preferred—:
_10Q
Thompson-Starrett Co< com—No par
45
16%
Jan
10
May
85
Dec
16%
Sep
38
Feb
59%
Jan
106
Mar
7% Feb
3% May
20,
May
39%
Feb
18
May
25%
Oct
Dec
108%
94
Feb
10'/« Mar
39% Feb
85
3
10% Jan
48 % Jan
6
3% Mar
21,
1
Mac 3
19 % Feb
13
95% Jan
2
92
Jan
9
20'
1
$3.75 preferred
Timken Detroit Axle
19% Jan
17
10
53 V4, Jan
9
Jan
10% Feb
13% May
22%
Jan
17
Jan
2
21% Mar
1
14
May
20%
Nov
15% Jan
22
17 V* Jan
8
5'A May
7%
Feb
5% Feb
11
6% Jan
2
Dec
112%
Feb
2
104% Jan
$3.50
13% Jan
7
12% Dec
15%
Nov
12% Feb
11
14% Jan
22
21%
38%
Jan
19
Jan
23
22% Jan
5
48
Jan
33
Feb
16
36 % Jan
5
104
Jun
92
Jan
27
94
Dec
7
Dec
16
Feb
Nov
51%
Feb
9% May
17%. Oct
Jan
12
5% Mar
4
7% Jan
6
Mar
2
32 V2 Jan
21
26
10
Feb
27
14'A Jan
5
cum
preferred—
V
18%
.
4
.
com
Roller1
*12%
13Va
87a
A" 8 7 'a
11'A
*11
11%
11%
11%
1,900
3974
*3934
40%
*40
40'%
*3934
40%
-•
90
13 '/a
*123»
1374
*1234
1374
*12%
13%
874
'/ 874
87'a
43%
*43
43 7'a
8%
9
97a
2074.
-
*874
20%
'
43%
44'%
"
88 7a
"
374
•>
Coach
99
'
18 y8
18'/a
418 74
451A
Y
8%
207a
15%
5'A
-■•57 a
5%
99
1334
19%
19 7'a
34
34
*33%
95
*92'-
*91
6'/a
6'A
*2874
1
5%
13%
19%
29
*10'/a
10%
6%
10%
10'/a
44%
4574
88'/2
*87'%
88'/2
2074
*in
-
va
3'/a
*3'%
10%
100
44 34
1,400
88'%
3%
21
21%
21'%
2134
2174
21'/a
217%
2074
9974
99
99'/4
*99 y4
ioo y2
1834-
45% V 46'A
3%
3 7'a
18%
1834.
1834
46
21%
500
2034
2074
9,500
*9974
100'%
18%
1834
•
18%
47
1,100
3%
*21%
21
46
500
4434
*10
88»/a
3'A.
2134
1,200
834
*87'%
10%
45'A,
3%
•
20
x20
20'A,
45'A
*87
834
46
•
*
140
7,100
3.000
46 •-,,46
i
'/
'
1074
11
1074
U
103b
1034
1,900
21'/a
2034
217b
20%
20%
20'%
203b
13,700
*14% - 15 7'a
*1434
15%
*1574
157%
157%
15%
100
5'%
334
9,800
98
98
270
11-
20%
15 %
98
2034
45 7'a
j.
•'1074'
20%% 2174'
1374
___50
-•
Wb .v :
*14%
*2074
200
44
44
.
8%
1,600
8%
83b
V
44
44 >
*8
9
18%
99% "
•;io%'
10%
19%
107b
*834
9974
»
453a
*14 y2
20%
*87%
a 21
•
9
45
.
•
18? a
4674
105/a
No par
Co
43'/a
;u% '
20%
*45'A
Twin City Rap Transit com„No
par
Twin
87%
43%
1174
2134
9934
*99 'A
par
..
22
%
No par
prior preferred
3 7a
*2134
20
Truax-Traer Corp
prior preferred
3%
22
20%
20
lo
20th Century Fox Film com—No
par
$1.50 conv preferredNo
conv
87'a
43%
*10'/8
,•
*98'/a
5%
10 Va
*10 1
44%
—No par
$4.50
10%
*87%
preferred—
*
*1974
88
3%,
Transcont'l & Western Air Inc
5
Transue & Williams Steel
No par •
Tri-Continental Corp common™,1
$6
20
300
19
11
,*127a
•••
44
'20%
2
.
/
7,000
;
39'/2
40
44
No par
Bearing
fTransamerica Corp
—
27
30
*10
No par
IF
93
11 %
12
>
*87
5
Timken
20
No par
90% Mar
17% Feb
Dec
18'A
.
40
9
*48
t
"
'
8%;
l
_.
Tide Water Associated Oil
45
34% Aug
(The)
2
Oct
97% Mar
*874
*43
50
5
Feb
99
:
6
Jan
53%
27
1
preferred-,
conv
4%. Jan
21%
15%
div
common—
27% Jan
15% May
10 % May
$2%
Co
24
40% May
Feb
—
Thermoid
.
*
12
"
11
Feb
The Fair
49
11%
preference—No par
conv
32 7%
y
•;
53'8f
,
.
534
534
•
574
534
534.
987a
13,7 a
1374
197
a
197b
1934
19%
1974
197%
19%
19%
203a
10,600
34.
'
97%
,a
333'a
34
*333%
3434
*33%
34%
33%
33%
1,600
94
*93%
99
*9334
99
;
95
'•
-
<
*2874
lO'/a
*
94
1074
137a
•
53'a
6%
29.-
.
;
.
98 y*
98
13%
574
5'A
26
2774
*25'A
1074
1034
103%
98
"
13%
5%
*97'%
13%
5y8
26
26
1074
11
98 V2
„
1234
13 'A.
*933b
6
5%
26
26
v
•
*1074
11
1,400
13
.•'100
100
2,300
674
'200
26
1/000
11%
t
U
12
Dec
9 % May
25%
May'
Jan
105
Dec
46% Feb
10
51% Jan ,9
Underwood
15%
43% May
89%
10
27
11% Jan
Union Asbestos & Rubber
Union Bag & Paper
37%
Feb
12
27% Feb
11
22
102
Dec
'9
27
Jan
2
Jan
2
109
Jan
23
91
Feb
9
91
Feb
9
86
Dec
164%
Dec
111
Feb
38%
see
*
106
Apr
For footnotes
9
Sep
Nov
May
34% Jan
2
Jun
85
Apr
Jan
Mar
115
106%
30
Feb ,11
93% Jan
104
20
10-
Oct
Dec
97%
Jan
110% July
01%
120
....
15% July
58% Feb
Feb
page 26.
Jan
21% Feb
152
x97
6
11
Jan
19
Mar
4
31% Jan
26
90
Jan
24
26% Jan
2
165
Jan
2
101% Jan
2
35
Jan
15
Udyllte Corp
(The)
___i
Col
10
10
10
10 y*
10 '4
/1034
1034
*47
47%.
4774
4734
4974
49'%
49%
4934
*49 7%
5
*10
10%
10%
10 y8
*ioy8
10'%
*1074
10%
*ioy8
107%
10%
107%
200
2974
29'/a.
293b
293%
297%
X29'/»
29%
*2874
293a
28%
2834
2.500
983b
9,600
*9%
No par
29%
Carbide & Carbon
No par
Un El Co of Mo pfd $4.50 ser__No
par
Preferred $3.70 series
No par
Preferred $3.50 series
No
97%
98 74
►107%
108 %
93
Union
par
Union Oil of California
Union Pacif'c RR Co common
4%
Union
non-cum
Tank
preferred
Car
*90
*86%
88%
25
22 34
100
15874
223a
158%
100
*98 'A
99 7
No par
33%
34
a
98'%
10734
*91
*8634
2234
160
*99 74
34
99
1087%
1074
1074
50
50
9834
100 y8
100
100'A,
*108%
1097%
108%
108'%
98
100'
98'A
-
10774
107'A. 107'/%
103b
;
50
2,300
10
No par
Corp
r"1.
900
140
108
95
'91
95
*91
95
*91
95
*91
95
88'/a
*8634
88%
*86%
88
*87
88
*88
88%
2274
2274
23%
237b
24
161%
162
161'A
1617/a
xl58
158 y4
99%
99%
100
100'A
100'A
x97
24
24%
16174
347%
34%
233%
347%
34
34
1583b
24%
159
98
98
98
34%
34%
.
3,800
2,200
800
'
*337%
34%
1,500
Volume
167
Range for Previous
STOCKS
Range since Jan. 1
Year 194';
Lowest
t per share
$ per
16% May
102
Lowest
Highest
25%
Dec
110
15%
Dec
75
Dec;
S per
share
22% Feb
105% Jan
16
Jan
Dec
Sep
28%' Apr
United Aircraft Corp common
5%
convertible preferred—.
1
United
Jan
22
22
Jan
29
11
15
% Jan
2
20
35
Jan
Nov
35
Dec
12% Feb
27% Feb
33%
'29
Nov
S
p->b
4%%
31% Jan
3%
Dec
50
Dec
41
8%
Dec
Dec
Dec
5%
65%
Feb
4%
3 % Mar
,
Jan
83
J-
«
10
53% Mar
Feb
13
43% Mar
10%
4% Feb
61% Feb
26
6^4 Jan
$3
14
70
Jan
11 % May
19%
Oct
16% Feb
13
20
Jan
43%
Jan
37% Jan
21
42% Jan 29
Dec
95
44%
Jan
20
Dec
Jan
24 >4
Feb
10
56% Jan
-
19%
22 '/ Feb
2
Feb
13
16 % Jan
17
Feb
12% May
14
91
23%
Dec
86
20%
107%
May
171
i
Dec
13%
21% Jan
United Gas
United
20
97
Jan
12
11
18% Jan
8
Feb
92% Feb
170% Feb
Feb
53%
Dec
71''
54'a May
9%
Oct.
Jan
39%
Jan
24%
Oct.
fi
Nov
16%
i/t
Feb
'
10
35"^ May
'7ii 39
23% May
;
40%
*7
.
Jan
9
15
Jan
5
21% Jan
2
04/Jan
Dec
5.127% Dec
10
53% Feb
7
v.33% Ja»
13%.
Jan
5
V
25% FCb; 14
"Jan
;.
'
38Va May,.
51'% July'>
67
'Dec
<
61% May ;
.133
' Dec r
'.48%
Jan
■'A96% ;Dec
.
Y
c
■:.
A<\5% Dec
f
'
x33%
.10%
.93
'
Vr
20.'
4% Feb
.
5 23% Dec
150
Dec
A'
19
% 192 -Mar
•'*
29% Feb
I
.56% Dec J.',
91%
.<
--
11
Feb
;
U S
v
Steel
;
5
A7o
8
conv
4
14% Jan
56 A Feb
7
24
-; Jan
64
t
17%
...'
Leaf
t
34:%
64%
30 Vi
30% "
'■
175
5 %
*5%
5%
70
*66
*17%
17%
38 %r
51 Va
1,100
38%
5t)0
51
51%
8,800
20%
20%
400
14%
14%
6,300
17%
4,800
38%
51%
*20%
1,000
69%
17%
%
*38
21
14%
21
,14%
18%
93
*93
17%
14'/a
*17'A
18%
12
90
A
;
" ;
-
ort
rr "68 Vz,
;
*•*
'
M
*34%
35%'.
-69%
68
69%
;
!'
*6 %
—
31%
*
53%
1
'
27
%
9ft
*89
41% ?
42%' '
91
VA- '<
I
43 %
.<
4-4
A
••
70%
*95
■Vi
'
'•> AA
98%.
74i%' ;;M
4%>
'.A*.30'
r
19%
19%
(
i
38 ;
38 c
/
r,,
44
*•
^100
'
*19-Vv
/>'152
Inc com____l
.
preferred.^—-a—109
9'/#
20153- :
<
-
-■
f
1
i
20*
300
.,
11 Va
•
'
17
*16
*30
V
"*19%
:
154%
-
1.1
•
*
131%
17%.
50%-'
57%
<
2.600
6,800
50
4%
700
9%
-
*91%.
1,700
98%
.
4%
100
.
4%
4,800
34' V"
.
*16%
•: 100
17 A
4%
'
4%:
■
,..,20
154
100
.20
154
153 Va
'
11'A
11.;
*
56%" -5GVa
'.A.-V-AA-A
18,900
r
'
17
10%
500
..
39 A.'
9%
*30
,
18%
..
.„
*4%.
'...34 ...;
,
2,800
;
131%
9%
*152
11%
':
AO
*38%
A 4%; 4 '/a
•*19% A 20
20
*152
69
38'A
4:%
*16%
4%' ^'•4%
t
;-
"- ;
.
33
'
44'
69%
*91 % C, 98 Va
4'A
4%
4%
4%
f
,
154%-A'<
=
9%
94 : V
i *30%
11—,
56% ' "57Vv" -A
r
57-%"iV'v
,
9%
4%
-
*19%
< *152
•
-ll Vsv, -11%
..
.
*
"
44
X18% t 18%
x38-%-
..AA4%*
*9%
4%
94
.16%^ ;16%"..
.
4%.
' V /
96
.
4'%!;,;■ •>V*4%
com ..No par
10
8,100
130
*68%
(697%
131% 132 A
132'
,.I3f%f;
4%"
4%
*30% 33 A
34'
'.;-.^*1.6»/aH>il.7.,^-t'
>;:?«
9%
*92
•
100
3,200
41 A
40%
69%
A
38"-A-
*4%- 7" 5
V,:,.V9%I^9%"
900
"
91%
130
68% f 68 %
■
68%
69%
f
t-
44
*68 V
'
.70%
'A:
38
'•
>
Va
■
;
-•
27
*89
41 %l 42 T'
*129% 130%
.
*l2y%s 131/
"
53%
27
-
2,300
9
42
*51%--
27'A
300
18%
42
5.^
'■
.''27
m-
x
*18% 119 Vu
:
-
18%
42/
800
300
30%
*8%
,•
42
,.
'
6%
*29%
18'/a
9r.
*8%
42'%
500
34%
*6
29 Va
18 Va.
9
-
34%
6Vz'
29'/a
18%
18%.
•U
131-Vv 132
■
;
,
20
12%
*70
35%
•v
-•
67%
-
.
pfd—5
174.%.
*11%
72
*
4*
A:-'I3TX-.f 131%
*18%
19 V#
J
*173
12 Va
1,-70
6%
,<i.
43%- 44
681."
.
173'%
173
200
1,200
*12
*29%
40% A41%
lob%" P3d%r
"•
43%-" 44
'A*G7-
98.
*34Va
M:
J-
97
'•
■:
;'.A"40';%o'%::;
U'l l/0
60
17%
72
•
*87
95%
17%
l2'/a
*8% .9%
■
*8%: "9%
*»%•■
"4T%'^' 4H.W Kvr41% •«%-%
.42' 'A
'52%
52»/a
>.v .*51%'' >53'% a-;,
;,*5l%
26%' - 26%<
27
-26%
26%
'•
.
17%
*94
18
-
*70
30%; '
ll'%,
18%,
...
18
95
-
.....
*173%- 1-75
72
'30%-
-17 Va
97%
12%
,
'*■" A.-v:
■"'< '
2,000
11
38%
97
A
34%.- 34%* '
—6% ~-6%—
TW'
*
4%%
43%
51%
xl7%
98%
*70
■
-
7
42%
18
:
-
.Inp^i—ifc; 1
Tobatcq
•40
42%
93
■■■
93
12V4
"
2'00
46,500
5%
xI4%
18
*173
12%
,72
18%
preferred.—__-_r50
8%V preferred
Universal Pictures Co
7
2%
*66'/a
38%
.18 V*'
,
97%
V
•
175:
'
Universal
5
3%
52
2%
6
51
15l/8
*92"'
97 Va
-*6
>
1
163% Jan
30%
3V'a
*50
42%
17 V3
*20%
*29
3%
400
3.4O0
'
^*17%
-
:',4"
Corp:_;_—
Universal Laboratories
14
6
-
18
91
34 %■
■
—
■
Universal-Cvclops";steel Corp:_—_!
Jan A 2
23 A
cum
39
30 Va
400
12%
2'/a
70
5%
19%
29%
29
52
5,200
23/a
■
42
1-7%
15
"
conv .Dreferred;-^-.——-No par
United WalP Paper ;ineicQmmon_.%2
21,
;A 5% Jan
•.
.'
:'-$6.
;
Va
3 Va
*50
2%
*65
18
15'/B
■;^7-4' non-eunv,preferred^l;I__^25
13
.5% Jart
V-
09
Stockyards
5%
70
*38
.
'
preferred
United Stores $4.20 non-e 2d
434.
17%
21%
»70
U S Tobacca Go com_a-—&4^_No
par
United
*12 V8
*29
51
2 Va
51V+
*12'
Corp comfflon____,Nd par
5
»
,34
Jan
17% Jart
17
Feb
10% Mar
Feb
^
'"■>
■
9
.
,
13
Dec
■
6
Jari
97 % Jan
27,;
Dec
r,
i*v w.*
•
19%
12%
28%
-3%
41 %
21
*173
„;
No par
5% Jart
.
.•
16
103%
:
8
v A 10
31%. Jan
Feb
'*•
9
19 7 Wan
"
5
U;S Smeltirig;Re< & Min-com;2H-50
<!o ^preferred
—i"—.
.
19%
12 Va
x
30%
3 '/a-
51
42
50%
97 Va
100
40 Va Jart :
'H
29
'•
13%
•
Jan
,,
9
.
irl 4% Feb 28
Jan
52 '**- Feb
Dec-'i
22 V Feb
16.;: May '*■ !
4% May;
-11%, Feb
Jart
,
•;
109% Jun
13
140% Jart
38 ' Jail', ,.2
A;.4% Mai*; 3
8% Feb 11
Oct'
30 ;
78%
17% Feb: 10-
Feb
.».£/'.
Jan
*28%
.
'
-tlS Rubk}ei; CQtcnmjnnn ;^
r] lq
non'-cum'lst preferred—l—iOO
Jan
19%
28%
1244
29
29
2%
21
17%
Plywood^;cdrpoc6mmon_^_i-_l
^3% %-'oun4r prd.v.;ser)es;A--^;_'i00
47
20
50 Va
90*%
"UfS
T70
27
Feb
4
t
6
Jan;1 7
191',;. FebJv27
Feb,
-■&.'/
12%
;
5'/:-rJan *
-68
% Mar
% Feb
23
5Dec 1
38
Dec
150
Nov-.
vv."i8
66%
Feb
80
...
Xl7%
41% Jan
81.••
v%'
*19%
*12%
3%
*65
*17%" 18%
Js;
.U S Playing Cara'4Co^xu2_—_l_Wo ;.^K.
.
81
38%
~
U ,3' Pipe
,
80%
24.000
.
No par
phemlcals-
81
*
prfeffFrijcfiLj_10
«
■
V*
Securities;.
81
50
U 3s Leather ,'Go- con%mon;_—No par
XPartic 8s. ?onv .class A——No par
U S Lines. (Jo Common
,
r;
a
45% Jan
,
39% Feb 16
49
'
'
.
U S Industrial
'87
Feb *6
90% Jan .9
'MOS'/a/Juiy:
60%";Feb ;.1 ■'38% Feb 11;
45 %■ Jan-%2'
165 V;' Feb
130
Feb
2%r 137% Jan- 13
Dec
-'
:*
92
9% Jan
,
li;
'
•
84
*38
14%
Mfrs
4%.%*preferred-———
9
136
Feb
18
Feb %
Dec,
•
29% Feb 26
v
10
Apr
46%. Oct ;■
•
"A
2
42% Jan
5
preferr-ed____^;——_10o
•
4%
18
No par
,
83'Va
53 Va
*41%
,
70
18
inc coin____i
F«rr«i<m
-'.7%
;
21
24
4%
*65
5
.
18'A
'2%
42
100
,
U S. Hoffman' Machine' Corp
14% Jan
72 •: Jan
.
11
*
46%
12
*41 %
1
2%
*20%
-r' '
■
t
,
2%
200
17%
30%
*51
22,400
107
18%
,
for
Shares
26%
107
18V4
3 V*
-•
25%
108
18%
29 Va
*28%
3%
53%
5
—
common
29
30%
3 %
26%
*107
18'/«
'
*51
the Week
19'%
19 72
412%
*28%
$4.50 1st pr£ferredl____l;_No prr
U B Freight- Co__l_i2—.i..„No
par
U S Gypsum Co common^I—_20
.
r
Jan< 23
•
V
A
25%
108
*107
A
Sales
Mar. 5
Sper share
1-2 Va
19'%
12%
29%
1
Corp
109
12%
A
,
Improvement Co—13%
-
25%
A"
175
;
3
Feb
33% Feb
Feb
105% Jan
.
6
,
Mar
12
A
Jan
94
11
19 %
*107
29
.
Corp.—_10
I
Merch ■&
U
5
Feb
15% Feb
33%
Dec
37
,
16% Feb 27
89 "
Oct
196% Mar
> i 71% Dec
,
Oct
Jan
106
12% May
;
107
26%
25%
84%
common,
United Fruit Co
•
r
15% May
84
Foundry
12
27
48
Jan
84 %
__
-20% Feb
59% July
',
;|
82%
7%
preferred
United Electric Coal Cos
United Engineering &
17
26
18%
No par
preference
25%
18%.
Carton
United Dyewood
33
May
Covp
26%
18%
.$3.50 convertible preferred—^100
United
Jan
40
Feb
25%
Friday
Mar. *
$ per share
$ per share
18
Thursday
Mar.3
$ per share
107
Carbon, Co
Jan
55
2% Feb .11
\
5
-•
Wednesday
!
100
United-Carr Fastener Gorp—No par
United Clg-Whelan Stores com—30c
4% Jan
2
48% Feb
•
Jan
Board &
$ per share
preferred-—100
.Fio par
Co
United
United
Mat. 2"
common^—lO
Inc
cumulative
United Biscuit
5
,2%
Air Lines
Tuesday
Mar, I
Par
SALE PRICES
HIGH
AND
Monday
Feb. 28
...
,v.
,
3
2
24%
*r-
17
18% Mar
Feb
Sep.
J
•
26% Jan
86
Jun
'
,
Saturday
• ;
.
107 % Feb
6
12
28%
Jan
;
6
77% Jan
19
•; EXCHANGE '
10
Apr
120%
18%
26%
•
$ per share
share,
LOW
NEVT YORK .STOCK
i
.
Highest
V
.12
56%
,
100
20
4,400
,A
.
""A
577/a '
330
'
'
A
.,.'
J;:..x
—■:
"13% May
C >14%
Dec
•> 14% Feb
22;; Feb
18% Feb
;
10
21% Feb
•12% May
26% Dec
-84
20%
-';
-
94
Dec
Jan
Dec
Nov
107%
Nov
*16%
Dec
121
^
Jan^,2 >
Mar
Dec
13
.
A
2
*93
89'/2-Jan.l6'
Feb
.
109
Jan '
106
7
20;
24
Jan
Dec
31
Oct
30':
Dec
> 40
Jan
.
34
Jart
38
Feb
;
■
34
Jan
10
33%
30 " Aug
Nov
28% Feb
►4
Oct
32% Jari
8
31% Jan
5
:
32% Jan
13
13
*
Range for Previous
•
.*
# per share-'
l~
fjper share
*89-.%
,
*03
16%)
»loo
33%.
*28
A,
'
'
STOCKS
'
NEW
YORK
C
57
A 75%
Apr
Jan
14 Va Feb
16
Feb
X30 f Feb
11
Apr '
;
-
Dec C
100
V
Feb
17%
36%
Apr'
-
13Va
297/»
'
109
July
xl7% May
-
24%
13%
Dec:
88%
Dec %.
12
Dec'
A
>jj
V"
11
8% Feb
II
18%
11% Mar
■7
27
Dec A;
19%
A
20 A
Sep
•:
30
-
$ per share
;
A;
Dec A
25% Feb
-
10
Jan
v
16
Walworth
*30%
;
102
;
Decr<
,
9
37'/a Jan A
52%, Nov
,
.
83% May
,«
21% May
.
: 39
Feb A
90
--
103%
:
106%
lnv'a Mar
Nov a:
112%
;r
Dec '
"121%- Jan
Dec A
>_1
common—^—
11%
V.A 5'%%'
*84
11%
*25
32 Va May
105
f...
Dec
-
j
11
•
<38% Feb
14
•
113
...
".A5% May A,
<
-•
»
Jan>
*10%
•'*"
38% May
A ";4
A Oct
47
Jan
26
32%
..Jan
10$% Jan
44'
A
24%,
;
26'/a
Dec
65
17
;
Dec
Dec
Feb
-
May
22% May
.
-.
r-88
Dec
8'/Jan
29
1-0
V2 %- preferred
26%
Mar
64
Mar
72% Jan
5
20% Jan
15
Pacific
Preferred
com^.-_Nopar;
A—__AA—100
RR
series
r
84
29V4 May
5% May
36
9
A
,
■
103%
*8%
7%
30'
7%
4
A-——flOO
36
*67%
35%
:
.
9
9
69%
26'/a
20%
29
:
29-%
*66'/
29
19%
19%
33Ta
34 Va
26
26
11
94
7-'
43% Jan
2
Jan
5 *
90'% Jan
28
<80
Jan
5
90
Oct
38
Feb
5
<84
V»
'<
Jan
$3.75
7
47% Jan
Common A
•
5
-
par-
»_No par
Wheeling Ai L-.Erie Ry eom_--,lO0
Wheeling Steel Corp com—No parv
•
Feb
26
92
Feb
23
Feb
20
27% Jan
7-
White Dental Mfg
29%
Feb
'19
Feb
U
23% JanT
5r '
White
17%
Feb
90
Feb
90
Feb
27'/Feb 26
34
t
12'/a
For footnotes
Jan
5
$5
conv
'
see-
Dec
page 26.
9^/4 Feb
9
Feb
Feb
27
6
11
12% Jan
90
9
Feb
6
28% Jart
15
12% Feb
White
$4
prior
Motor
Sewing
conv
Prior
Wllco*
pref
No par
(The S S-)—a._20"
Co
Machine
Cn
—
1
com—'
preference.--
preference
Oil
;
a-
>.6115
104%.
No par
20
*
5'/
.
%
*87'/
*95'/
96'/
*95%
.
.14%
105'%
■
116
20 ',4
*29%
34-;.
A._ 26%
30%
*87'/
89
*34''/
35'/
*86
34%
87
*87
93
*86%
*87
<
39 r/
39%
*33%
84%
*22
24
*39%
»>' 84'/'
*23
,
19V4
19'/
*9%
10
s
107
107'/-
*102%
:
7%
*39'/
103'/
■
■
i
26'/. .26'/.
.'--I
81/
>
65
9
1
..
88'/
88'/ ■;* :
96'/
30'/
"
9
r
26%
•
'
86%
87
*87'/
93
■;
39;,4
40
84%
...
24
19%
19%
10
10
-
84'/
*23
,
40
36
;A
•
;
85%
'■
;
:
34%
26 j/b
>
;
.1 736 77
'88
.
29'/
'
■;
ID3/
*90
91%
*90
91%
*90
*26%
27%
*27
28
1A3,
Jft3l
10%
11
11%
1,100
64
400
26
19%
88.
96'/'
*28'/a
36
361/
4,600
34'/
.
3,400
26%
Vf
19,000
88
150
96%
500-
30%
200
36
COO
*
86%.
*89
..
*84
•-
i
.
86% *1:A
86%
.
A:
87
86%
520
86
"
-93
*90
40%
84%
39
85
93
*90
-
93
39%
85'/
'
39%
85
39'/
85
•
1,000
870
2 4=
' *
*23'/
24
23%
23%
100
*20'/
20% "
20%
20
5/
20%
20%
2.300
10%
10%
10'/
104 a
104a
1,100
10%
91%
27%
*
96'/
29'/
*36
400
29
34
•
,
-
96%
2,100
26 '
.
\19V2
2644
30'/
9
9
64
J.9% M®Yi.
87%
2.600
29
29%
34'/a
A
2,700
.*25
.
'
10%
60
7%
37%
*23'/
20%
*26%
103/.
9
26%
88',:
-<■*39%
•24
-;19%
104
7Va
37%.
*631/ -65
*96%. ..96%:
35 '/ :v
87
93'
*102%
A:
7%
34%
-
»: *29%
34%;. I35 '/
*28%
19'/ .u9?/::
88
.
500
.39
38
*24% .26
-.65
.
34%
A1
■
20
270
"
103'
,*7 Va <:
37'/
A
34%
20
105%
-
39%
102%
7W
3 n/
A
;•
115'/a
-
'
*7 Va
36'/,
V 29'/. -29'/
26%
100
.107% ,107%.
36% 'VA
65
4,900
9,100
*105'/ 107
?105 '
103%
'
140
-
5115
-
.
26<k ')
1.300
t
1
1053/
84
20
20 '
141/ A14%
;
.
900
40%
105%
'
A
5%.
40 Va"
*1.05
-(39-1/
30'/
.
400
»107... 107'/,
:
39'/ .39'/..
96%
A
100
20
83'/
14%
.
A'MOO
18%
•
5.'/ ;
'
1,400
18
*115..... 115'/
107%
-; 19%: !9.A/A
A
.
96%
*29%
89
;■
j"
,6,700
22%'
26,,.
20'/ A.20'/
.
*18%
100
23 Va
.
,
'*17%;
;
90
15,800
27a
-
22%
.
2,500
ll1/
-.23
f
50
2,300
...
83%
-
2,200
0V4
9'/ ;
11V# ■ii%:1
86 r ' •86%
,*26
40%
„
83%
f
"
.27.
;,3'/
40%
20'/a
-
100
15
r*io5... 10534.-
A
,•
^Aa.;—.A—a_No
preferred—--ta;!
r
•t
29%
,
65
85 Va Feb
34 V* Feb
-;*i04»/
115%
9'/
*251/
-
68
Aug
85
5"/; 1
83'/;
83%.
;
18»%
*26'/
<"
1,000
64'/
"
10%
23%
*18
:'.V 19'/:.. 20%::
r 14
14'/
>
-
19%
*
22.%..
Shares
20
-
.10% ;
: ..27
'
-,31%""'
102%
'
*102
22% ..22y«.
*17'/: ;18'.
40%:, '41
•:
:
for
.vA
* 14%
H
20'/
.
>
•31
:
.20%.
,
■
*26
18
fV *31/
105%
-
102
Sales
the Week
*63'/
64 %
'
,'18:,:.;
11 26'/.
•
•;
'
86
■10%
14'/ r
1043/
107
,
iv
■>
40%
20
•
04"
102%
26 :'i»
Dec
20l
Mar. 5
.31%
85%
:
"
26%
*23
"
34
■.
%
>v7%
_
i
11-
*17'/'
'
7%
35'/
33%
102% July
<76 "i Dec
700
•
Friday
AS1,/ A: 9 Va.
11%. -ll1/
23%, -24'./
18
84
1151/
*105
39%/-. A 39%-'
19 Vr
101% Mar
.
102
-
26'/
53
July
39
102%
7'/
*8%
>
a
"
,20'/
86
a,"
'-5"".
v..
•-*106% 1Q7
40 ;,
Alt
24%-
21
40'/
104%-;,.
33%
43'/
26% May
-19% May
9% May
104 Va
Wesfcijighou.se Electric com;——"12%
>.;3'%.% euin pfd series Ai —J0(F
3.80% - cum pfd series fLA-./lOO'
Weston Elec Instrumenti_l'-;_A12.50
:
.1.500
'
$ per share-
15 V.
i"
102';
-
:"'.:L?2G.. .127
*17%< -18 %' "V1
115
115
,(i.
107'/
*25'/
•
com—-Nopar 1
Westvaco Chlorine Prod—>
-
,
Westinghouse 'Air< BrakelL>ANo par"
2
Dec
A r.
*63'/
%:;
20%
.
>*104A> i04%- V:A
A
Western Union Teleg class A_'No par
9
32
.
33'
*29
90
f
30%
Mar. 4
3
11%. ,-ii%.
t-
18 v
.
8 "
32% Jan
32%
19
*32%
\$ per share
"
*83
.83%.,..
20 Va
J
'19%"
20'3a;AA. <- 10/
14'/A' !'-14'/" 14%;.
A- 14'/
5
98% Jan
:90
-
4i'
102
!! Xl0%:
26%J
*83
5
16
-37.1
*29%'
A
32
*14%
,.-•i.';223/A'•:*.■23",",. •AA.f 22%. -22'3/.;
f Xs"'
*: 41
30% Jan
11
May
/■-
>
-35'/
.
,,
37% Jan
91:'/a Feb
31
84
'25%
26%-.. .,'26%
.
'5'"
11-
,f 29% Feb
11,700
114%
Thursday
V.
*
15-
"f-f *84%
11%
*26
.
13
55 J' Jan
<62% Mar :
*101
"
,
11-
•
A
■
31 ?
20'/
:
18% Feb
10
30
*29
7/ ,m\ .::«vc a
A
11
18%
25% Feb
Jan
100
*
32%
33
-
"85% A
■'*84'/
;
17% AAA
32% Feb
-
114
*36 %
.,
1.000f
17%
,*18
30
..633/_
*102
20'4
,
"
63%
A *14%
9" ■<•■"•'9''/*
23%.
Dec
Nov
Dec
.
"i
102%
20'/a
f
31
v
J
>19
33
32
307/" i-'V.•/■" 3i"
*102
*17Vi
40%:
105
*39
Western
10
7%
17'/a
*
97
"
"
Wednesday
64"
'
"
; 24%.:;: :A-24"'"A
''•<17%
A'/'
5
,
*196%
10
Jan
93
7%
c
A;,'AA
26
V"2T
17%: ;
18% i
115%
*104% 1C5%
28
?
106% July
May
*115
32
11
*104
?
35% Jan
27,
Dec
26
pa r,
Vapfd;_;__180'
West Va-Pulp & Paper
>4
94%
82%
.
14%
preferred——10O
12 *
30
-
20
preferred100
6%
^
9
105
•; ' '.
!
;;_iA-l'l_;ll<A;-^No
7f'<r
West Penn Power 4
5
*82 Va
24'/Feb 26
8% Feb
1
26%. .Sep
38 V* Oct
v
:27% May;
...
.
90
,
13*
40 '/a
preferred;——XAAiNo par
Sugar CorA^A-1
Penn Elec Co (The)!-No-par
Class A
5.000
'
30 "
•
>29,
Tuesday
30%
84% "A
*
4
■
23
^7^
Indies
Western Air Lines Inc——^_1 <
Western Auto Supply GoL_ Am.
if*A —10 ;
Western Maryland Ry com__a/IOO
4% ' non-cum 2nd pfd-AjA-MwilOO'
'
'
•
A::
23
i.
conv
( West
19
44% J^n
11% Jan
<
2
14
$4
West
110% Jan; 6
25
«% Jan
•
30
30
;.
.
97
.*35% ',37^.
32%
32%
Va 1
-33
,
*88
-
-
32
*6 2%
111/
<?:' '26
23";;
28% Feb
Dec
42'/
May
9 Va
9
34% Feb
-
75Va' Jan
''.
9% May A
100% Feb
Jan
117% Jan
; 108'/,Jan
105'/Feb
*'
108'/Jart 20
5
104% Jan
,
3
33
f
•
AAA. i,"*14%^«T5
"11%.A.
'
.11
24
Webster Tobacco vlnc;5
Wesson Oil «fc SnowdjAcom__iNo par
2
9
30'
*18
93
*89%
-v
17'/a
114'A
*
88
'
■
>■
20'/a
11%'
A' 84 Va
-11%
*26%
:
A.
102
A
,.Q
-'
85%
11
-
2
48 % Feb
17
A
21
114'/Jan
n :
86 Va Jan
13
' Feb
116'/ Aug'
'
%,
•
6'/» Jq
24% Jan
-
3
112%' Jan ';
Dec
.
13
13 % Feb
105
A:,
/'Feb 11
19 Va Mar
-
.
is
'
.
10
80% Feb
34%, Jan
,
105;
».
F-b
33%
39
95
.
100
91
38%
7%
*114
A
*88%
97
•-17
;.*35-'A- J 3.7. A"
32
32
;
31%
33%
;/29"v;>
>
19
A.
31%
U;,
*18
18%37
*28
313Z
20 '/a
S
"A A
■f
A5
*87'%
114
*85
93
*95
11V*
17
A, 114
*35'A
64
0
*30 'JA
102
"
A\5%
;v
88
a.7%
share. f pex share'? per share
*61
-ri
<
20 Vs
■I-A" 9
,v.
14
r
f
15
31'/- "
102
19%
—NO jrar
/Ward Baking Co
"5A
17
114
*18%
-•
32
£>■■
64 ■<;
,,.*14%
10
Jan. 10 •? Wuuk1g,5ha^'Mo'tor,4Co^;_;-_?,_;-Jf-.-y„5:. • "A *17 '/a
/ 21% Jan/2.: A Wayne iKntttingAJJillS;; 7 4
auJ- —.a5
*17%
30 Va Jan
'J Wayne Pump Co
2
A——:
—-_1
Feb', 10
;25% Feb
A *61
■
preferred—100
Warner Bros Pictures,_v_5
"32
Jan!
2- A Warren Foundry &
Pipe—A^ANo par
25% Jan;• "5
•Wtfrren Petroleum Corp new com^_3
23V8 Mar. 1
^Washington Gas Light Co_—Nopar
2OV4 Jan,. 5
18
Jan
13'/Jan \ 8
5
A 17% Feb
■
'Feb
'. 32%
'
Jan, ,8
91 ;;
par
4%'..preferred100
Walker (Hiram) G & W__
No par
2
A
'
Feb
Feb
41
preferred™ >_100
Walgree'np Co comihonl———No
29
99
97
'
2,000
91
*89%
0
*94
2,700
23
'
39
39
'•
.:
12%
,
■22%
,
f'»
.*'■
Jan
;
12
10
Jan
23 %
26%
22
-
*85
93
A* 87%f
*-ti
97 A
16%
30.,
■*.'. kjri?."*'
A-AAA
Wabash RR- 4 Va %
22
I * 89%
.
12%
22 %
*88%
39%
30%
^Mar,/.*->■■.Mar.. Mar.3
'W;J
Waldorf System——N<» par
•
A.
A 10% Jan
26
,.10% Feb
Nov -
•20% Feb
A : 17% May;
8
103'/a Jart
•
5
A 84% Feb
Feb
A 36%
2
15% Jan
:
-
8
8
113%
Monday "
Feb. 2H
Par
32'/ J&rt 23
95
22.i/2
90
"
*90
700
23%
12%,
92
I *88
900
13%
*22%
12%:
...
15%
*13'/a
r
LOW AND HIGH SALE PRICES
Saturday
"5
r
106'% Mar
: 21. A May A!
A
19% Feb
V
Feb
10%
66 A Jan
A-
9
Feb
19%
10Q3,r Jan
Jan
7% May
.
/-■
62% Feb 27
A;
...
.
STOCK
EXCHANGE
$ per share
93
22
"A: 15%
13'/a
24%
t" jyifi,.
•''
AA'V.
-
.""."A
13%
*23
12%
23-
,
90% A
*87'%.
31%
A *29"
32
■
15% '15%
-f
''
*33 V»: 134
30
31 %
'•
90
13%
'24'/A
1^%
39%:";',T ['
■-*y\
:a.*18%;;U8%;,.%*35(V4:V37';',.'-
31%
23
*94
; *ji3%'ii4
W
A
*'
.
97
16%,'; 16%
114 Ve¬
12%;
*89'%
.
;':f%7%'
7%
12%
*23%
.
90%
93 "
.
15% V15%—
..
39 %-
;
*87%:j99'7' V.\
:V
95
com—No par
'••4! " "
91
ts %*
Range since Jan. 1 St,
Highest
$ per share-
■'
95
partic preferred-.—_;100
}, Lowest
Highest
93
24
22Ve
°U
•
;V4o%;:4i%-,
37 %.
;
"r Year-1947
,
Lowest
91
:
Virginian- Ify-Co common——25.6%' pr£feri-ed——A—_25-
;v
,
A"
"*87%"90
92
43%
.
8
C
19
33%
A
23»%:
Visking Corp" (The! 1——5
Vulcan JQetinning Co comnfon;
20
7%
cumulative preferred!;
20
37% Jan 30
10
30'AFeb
32 * Feb
23
"
i
24
vv.yl2%-";,J2%A.;.: VM2%<
23 Vg
,
■ :'ft""'-
-n v«
A'|3%'
23%'
Va.Iron Coal & Cdke 4!%*pfd_—;25
-
'
31%
div
^
8
27;;
,
67o
Virginia Elec & Pwr CP
$5(- preffcrred_—l__—
3
114% Feb
Chemical Works corrtmon—_5
3Va% cumulutive^preferred—_100
:
15%
*15
I3V<7 ,13 Vr
*23 Vt
89%
/' ,3-% % preferred 2nd series^V-100
Va^Gapplina ChemicaF com-;_No par
8
5
Jan
,<17%,Mar
-;'
6
-:Jan
35 Va Feb
jFete—
10% Jan
■;
.
14% Jan V 7-
-------;2.50'
Victor
•
,
14%v 15
13 l/r
Vieks Shreve <2- Pacific Ry com__100
5%; non-cum preferred—^'—_rlOo'
24
47% Jan.
A
15^'e*
12%,
Vick Chemical
:
Feb 21
9L%Feb
5
,7% Feb-11
Feb 11
-1
Oct;
;'45
,r
86--
2
<18
tr.
10
29 % Jan ; 6.
.3
87 V8 Feb
,
23%
Vertientes-Camaguey Sugar Co^.G'/a
Jan, 23
14% Jan
21
Feb
38% Mar
■
NoV,
112
May
14
26.
Vanadium Corp- tot America
No par
Van Norrtian Co.————^2.50'
Van Raalte Go Inc newi-;i_——10
5
Oct
Al0%
5% May69
16
86 % Feb
;■
104% May
97%
14^4" Jan
12%
86
NOV
.
95
Feb >'•
50^'a
85% Nov »'
"(
22'
v'
Feb ',
94'%
35% May. ":
">85
Jan
; 39
;
Nov
v
16% Ja» 27
V12% Feb 13
1
*90
.
91%
*90
91%
*90
9144
*27
28
*27
28
*27
28
11%
*11
11'/
11%
11%
11%
2,400
1
26
COMMERCIAL
THE
(1062)
& FINANCIAL
STOCK RECORD
NEW YORK
Highest
Lowest
Highest
$ per
t per
share
t per
6% May
13%
Feb
Sep
10% May
64%
Oct
51% Feb
25
58
Jan
29
Oct
12% Feb
11
16% Jan
21
88%
Dec
99
Jan
82% Feb
19
88 % Jan
21
16
Jun
20
Nov
16
Feb
21.
19
Jan
8
Wilson-Jones Co
15%
Dec
19
Nov
15
Feb
10
17% Jan
9
Wisconsin
145% May
51 %
share
17
Feb
7
43
13
52%
13%
13 %
13%
13%
13%
13%
13%
13%
No par
•82%
83%
•82%
83%
'81 %
83%
•81%
83%
1^%
16%
16%
•16%
15%
16
16%
la f a
lo
*132%
•132%
6%
preferred
Ei
—10
preferred
Feb
5
33% Jan
2
Woodward
Iron
11
47% Jan
15
Woolworth
(r W)
68%
Feb
52% Feb
20
64% Jan
5
94%
Apr
Feb
78
Mar
81% Feb
4
Prior
81
Feb
Jan
8
Prior pfd
53
Feb
58
100
3
16
89
Dec
80
Nov
70% Mar
60% Feb
27
67% Jan
13
Wrigley (Wm) Jr fDel)
8
May
Feb
8% Feb
27
10% Jan
15
Wyandotte Worsted Co
45
Jan
27% Feb
21
34% Jan
Yale
16%
Feb
10% Feb
27
13% Jan
York
33% Aug
10 % May
11
23%
Oct
15% Feb
21
21
83
Oct
65 % Feb
27
79% Jan
15
21%
39% Feb
50% Mar
Dec
May
14% May
5% Jun
19% Feb
5% Feb
25
asked
30
30%
30%
44%
44%
44 '/&
4*.%
55%
•56
56%
56
56%
56%'
•77%
79
•77%
"•<60%
Saturday—
Monday
Tuer.day
82%
83
"82
84
*82
84
160
64
65
65
•63%
65%
*63%
66
80
61%
62
63
63
•62
63%
•62
64
8%
•29
30
11
10%
29
11%
•38
40
*39
*17%
—No par
15%
15%
No par
20%
20%
20%
20%
20%
21
20%-
20%
—I
5%
5%
5%
5%
5%
rCash sale,
n New stock.
-forred delivery,
a D
s Special sales,
1
wd .When-. distributed,
Bank
Government
Bonds
*
of
Week "nded March 5,1948
Exchange
r.
v
Bonds (Par Value)
Foreign
-
-
Sharel
k
Foreign
Government
Domestic
Saturday
$46,000
$4,COO.
Monday.
3 78"),000
91.860
228,110
235,000
3 495 000
10.000
3.427 090
Wednesday
2,962 090
Thursday:
Tuesday
3 -136.000
.V
—_.
—
——
98.000
199,240
'
—
-
•
;
173,570
Total
176,365
267 000
000,.
;
99,000
14,000
307,000
33.000.
171.000
11,000
"l.OOO
190,000
$72,000
$28,000
SI.085,000
V
178,000
t
$985,000
1,053,850
.
$51,000
11,000
1.000
*3
.
138.000
$18,728,000
$1,000
•
•
.290,000.
184 705
...
j._——.
Total
Corporate
21,000
$2,000
Jan. 1 to March 5
'
40,524,427
1,053,850
2,467.100
15,470,200
14 672,200
180,645,600
209,810,600
Domestic
2,202,000
4
1947
'
9,700,066
19,043,301
$985,000
$982,000
$10,120 000
$10,049,000
72.000
102 000
1,502,000
1,272,000
28,000
r_T._
Foreign government—J
14,000
.366,000
106.000
$1,098,000
$11,988,000
$11,427,000
-
;__1
Foreign,corporate
1,085,000
Total——
$224,713,800
$198,530,800
$19,236,100
1948
-•
1,616,595
-
Bonds
$231,000
$213 000
1947
1948
52,196,100
$7,000
16,762,000
Jan. 1 to March 5
Week Ended March 5
1947
1948
1947
4,881,420
$18,728,000
—,
1,200
y Fx-rights..
x Ex-dividends.
(Number
Sales
$12,000
900
5%
Stocks
$1,323,000
25,000
7,500
1,600
20%
1
5%
5%
Transactions at the New York a Curb
Bond
Bonds
-
$67,000
15,899,000
Railroad & Industrial————
.
*5%
Daily, Weekly and Yearly
343,000
2,750,000
,20%
"
5%.
-5%
Total
United States
67,000
———
21
'20%
5%
Stocks—No. of shares.
—„
Total
17%
18
'
$2,750,000
$12,000
400
68 %
15%
Bonds
:*.*
17%
67%;
15 %
30,000
1948
Foreign
*17%
69%
15%
Week Ended March 5
International Bank.
17%
68%
15%
838.000
U. S. Government————i-———
1,700
Gn%
621,000
v
3,857,735
Stocks—No, of shares-—
100
11
40%
*39
15%
5,000
2,589,000
*17J/a
600
30
10%
40%
68%
$7,000
$15,899,000
11
17%
*29
30
11
*39
15%
%
)
Total—.
*29
40%
2"%
*39
C>r %
395,000
624,775
11%
40
400'
8%
8'%
8%
ll%>r 11%
•21
29
11%
40
''
8%
8%
*8%
f8
414,000
2,857,735
\
8%
15%
;
<
-
17%
/
3,090,000
62
8%
15%
$139,000
2,579,000
80
83
64
68%
3,383,000
757,090
78%
78%
79%
82%
61%
17%
3,074,000
582,490
1,100
15%
774,590
Wednesday
—-—.
Thursday—1
Friday
—
8,300
67%
766,590
—.
COO
45%
57%
17
Bonds
;
$1,184,000
352.200
u
•78
78-/2
30%
45
30%
45%
57
8%
29%
10%
45
78
30%
57
82
8%
*? 8
79
•77%
7,100
137
*56
30%
30%
56%
30%
600
16%
15%
'132%
•60%
*
61%
•8%
f29
137
3,500
16%
16%
16%
15%
137
67%
Foreign
Bonds
16%
17
Int'l
and Miscel.
Shares
63%
15%
Railroad
Number of
*81%
82
Daily, Weekly and
Week Ended March 5,1948
83%
"
59%
.
Transactions at the New York Stock Exchange
Stocks,
•81%
200
13%
66%
jln receivership,
■
59%
No par
Zenith Radio Corp
Zonite Products Corp—
2
12
prices; no sales on this day.
83
1
Youngstown Steel Door
6% Jan
<
79%
•81
•5t'%
.50
preferred
13%
/ A X'„
55
common
cum
Spring & Wire
Young
23% Feb
11
Jan
10%
Coin
13%
Youngstown Sheet & Tube—No par
Jan
18% Jan
1
July
25
•Bid and
15'A Mar
Feb
30
44%
.28
Mfg Co_
Towne
8e
4 % %
43% Jan
14% May
53% May
37%
30%
44%
,—No par
No par
—J
Aeronautical-
Wright
3
Mar
65
•132%
13%
12,900
52
i7y4
•29%
series—100
conv
62
18%
%
1°7
•132%
137
7%
7%
52
for
Shares
$ per share
52
'52
52%
10
(Del)—No par
pfd 4%% series.
100
4%%
*V>9.
•52
100
Co
P & M
Worthington
15%
15%
7%
7
—10
fnew)
Co
'
5
Jan
15%
1
Jan
28
43% Feb
l-r%
16%
•16%
common—10
Co
Pwr
.
7%
7%
15%
137
$4.25
X138
Dec
7%
7%
•51%
Feb
Dec
$ per share
$ per share
7%
53%
Dec
75
t per share
7%
•51%
53
48% May
the Week
7%
35
83
Sales
Mar. 5
53%
13
Jan
X138
Friday
Mar. 4
7%
Dec
Oct
31%
Thursday
Mar.3
"51 %
May
135
f per share
PRICES
Wednesday
Mar. 2
Motor* torn
1
$4.50 conv pfd series A
No par
Wilson & Co lnc com
No par
Willys-Overland
9
9 % Jan
20
t per share
Par
share
f per share
SALE
HIGH
TwiiiaT
Mar. 1
Feb. 2H
EXCHANGE
AND
Monday
Saturday
STOCK
YORK
NEW
Range since Jan. 1
Year 1947
Lowest
LOW
STOCKS
Range for Previous
Monday, March 8, 1948
CHRONICLE
;
7T h '
FRIDAY
WEEKLY
YEARLY
-
delivery sales are disregarded in the week's range, unless they are the only-transactions-of
the week, and when outside of 'the regular weekly range are'.shown, in a footnote in the week in. which- they oceur,
No account is, taken. 01, t>uun saies in computing the range for the year;
•
The italic letters in. the column headed "Interest'Pericd^: indicate in, eadv case the month when the bonds mature.
■'/
!
NOTICE—Prices
are
"and
Cash and deferred
interest"—except'for income and defavilted bonds.
,
u
Figures after decimal point represent
;
one
or
more 32d
of
a
point.
LOW
GOVERNMENT BONDS
Rang* far Prevtnaa
Year 1947
Law eat
Range Since January l
Loweat
Uigheat
,.•7.
.
*
NEW YORK
-
EXCHANGE
Highest
Treasury
ITreasury;
Feb,
106.13 July
108.16 Dec
106.13 July
Treasury
108.16
Treasury
114.8
114.8
Dec
Feb
104.12
Feb
102.22 Feb
2
102.22 Feb.
2
Thursday
Friday
••
High "a
a
Low
104.24 July
104.23
Feb
101.27
Dec
104.18
Apr
100.25
101.26
Dec
104.4
Jan
100.23 Jan
28
100.23 Jan
101-24
Deo
100.10 Jan
12
100.10
Jan~12
6
100.10
JarTio
101.11 Jan
7
101.11 Jan
7
*103.24
103.27
*103.24
103.27
*103.24
103.27
*103.25
103.28
105.30
*105.27
105.30
*105.27
105.30
*105.28
105.31
*105.28
105.31
107.30'.
•107.28
108
*107.26
*107.28
•107.24
108
*100<
'—_
*107.24
107.30
*100
*100
107.30
*107.24
*100
r
•
*100
—
104.28
*104.26
104.29
*104,25
104.28--: *104.26
108.2
*107.26
108
*107.26
108
*107.26
108-
'
*100
:
107.30"
♦::
,
*104.27
;
104.30
•104.27
104.30'
*107.28
104.29
•104,24
*107.30
108
:
*107.26
107.30
107.30
108
*107.26
108
*107.28
108
*107.28
108
*107.28
108
*107.26
*107.26
107.30
*107.22
107.28
*107.22
107.28
*107.22
107.28
*107.24
107.28
*107.22
107.26:
1948
*100.28
100.30
*100.28
100.30
*100.27
100.29
*100.27
109.29
*100.27
100.29
*100.27
100.29
.——1949-1953
*102.19
102.23
*102.20
102.23
*102.19
102.22
*102.19
102.22
*102.19
102.22
*102.19
.———1950-1952
*103.16
103.20
*103.17
103.20
•J.03,16
103.19
*103.16
103.19
*103.16
103.19
*103.15
103.18
.i—.,—1952-1954
•103.6 "
103.8
*103.6
103.8
*103.6
103.8
*103.7
103.9
*103.8
103.10
*103.8
103.10
*103.9
103.11
1958-1963
*107.28
—1960-1965
.a
—:
_
Treasury 2%s__
Treasury, 2%S__
Treasury 2%s-
102.22
104.15
Apr
105.17 Jun
105.17
Jan""7
28
Jun
100.7
103.19
Apr
Dec
1956-1958-
*103.7
103.9
*103.7
103.9
*103.7
103.9
*103.8
103.10
•103.10
Treasury; 2%S__
-i-c
1962-1967
*101.8
101.10
*101.3
101.10
*101.8
101:10
*101.9
101.11
"101.10
101.12
*101.11
101.13
'101
101.2
*101
101.2
1963-1968
*101
101.2
*101
101.2
*101
101.2
*101
Treasury 2%s_.
-i-Jun
1964-1969
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
Treasury 2%s_.
-Dec
1964-1969
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100,24
100.26
*100.24
100.26
*100.24
100.26
*100.24
100.26
*100.24 .100.26
•100.24
———1966-1971
*100,16
100.18
*100.16
100.18
*100.16
100.18
*100.16. 100.18
*100.17
100.19
*100.17
100.26, »-(.j
100.19
<
100.10
*100.8
100.10
*100.8
100.10
•100.8
*100.8
100.10
*100.8
100.8
Jan
100.10
101.11
*101.8
101.10
*101.9
101.11
*101.10
101.12
*101.12
101.14
•101.12
100.10
*100.8
100.10
*100.8-
100.10-
*100.8
100.10
*100.8 '
100.10
*100.8
100.10
*103.17
103.20
*103.18
103.21
102.9
*102.7
102.9
—1965-1970
-^Junr 1967-1972
Treasury 2%S_.
Treasury 2%s_.
Treasury 2%s—
Dec
105.18
102.6
Sep
100
Dec
102.24 May
102.24 May
100,13 Not
102.12
100.13
102.12
Apr.
101.12 Dec
102.6
Sep
Nov
1967-1972
*101.9
_^Dec
1967-1972
*100.8
100
Mar
4
100
100
Mar
2
100.2
100.5' Jan
1
9
.
100.5
Mar
Feb
Jan
4
11
9
101.12 Jan
30
101.12 Jari: 30
'
.
100:10
:
101.14
*103.15
103.19
*103.18
103.21
*103.17
103.20
*103.17
—1952-1955
*102.5
102.7
*102.5
102.7
*102.5
102.7
*102.6
102.3
*102.7
1954-1956
•104,8
104.12
*104.6
104.12
*104.6
104.12
•104.6
104.12
*104.6
104.12
*104.8
104.14
1956-1959
•101.18
101.20
*101.19
101.21
*101.19
101.21
*101.20
101.22-
*101.23
101.25
*101.22
101.24
100.2
•100
100.2
*100
100.2
*100
100.2
100
100.2
•100
100.2
100
100
*100
100.2
*100
1951-1953
S.
Treasury 2%s_.
Treasury 2%s_,
-Jun
1959-1962
*1.00
-Dec
1959-1962
*100
^Treasury
Treasury
Treasury
Treasury
Treasury
Treasury
-f
,
103.20
Treasury 2%s__
Treasury 2%S—
—
Apr
May
>100.8
-'-Sep
Treasury 2%s__
Treasury 2%s__
101.7
,
101.2
Treasury; 2%s__
Treasury 2%s__
100.25
Apr
103.20
.a—
103.12
Treasury 2%s__
Jan""?
104.10 May
101.24 Dec
101
Dec
the Week
Bonds (S)
High
Treasury 2VaS.._
104.24 July
104.14 Sep
Sales far
-
Mar. 5
Mar. 4
Lew
High
103.27
Treasury 2 %s
104.12
Lew
*105.27
Treasury 2%S4_
May
High.,
t
105.29
3 %s
Treasury 2%s__
May
Low,
High
:
Mar.3:
103.28 -*103.24
Treasury 3s
Feb
Low
PRICES
SALE
Wednesday
V
•105.25
Treasury
Feb
102.6
'
High
HIGH
AND
*103.24
Feb
108.21
112.6
Mar. 2
1951-1955
27/8S-i_——i.—1955-1960
2%s
.——1948-1951
2%s
:U
—1951-1954
2%s_;
1956-1959
106.6;
106.4
111.23 Sep
101.8 July
Tuesday
.
1949-1952
104.25 Sep
Dec
Feb. 28
Lew
;
Monday
Mar. 1
Saturday
STOCK
■•••'
^.
-■
2s—
_Mar
1948-1950
*100
2s-l_.
-Dec
1948-1950
*100.28
2s
-Jun
1949-1951
*101.2
101.4
2s^__.
-Sep
1949-1951
•101.4,
1.01.6
*100.28
101.6
-
100.2
100.2
10.000
; *
2,000
__
*100.27
100.29
*101.2
101.4
*101.2
101.4
*101.4
101.6
*101.4
*101.8
101.10
*101.8
101.10
100.29
*100.27
100,29
•100.27
*101.2
101.4
*101.4
*100
*100
*100
100.29
*100.27
100.30
*101.2
*
*100
•100
*100
100~30
100
100.2
*100
101.4
*101.2
101.4
*101.4
101.6
*101.4
101.6101.10
101.6
2s___.
-Dec
1949-1951
*101.8
101.10
*101.8
101.10
*101.8
101.10
*101.8
2s_„.
-Mar
1950-1952
*101.13
101.15
*101.12
101.14
*101.12
101.14
*101.12
101.14
*101.13
101.15
*101.13
101.15
*101.13
101.15
*101.12
101.14
*101.13
101.15
*101 13
101.15
*101.14
101.16
*101 13
101.15
*101.13
101.15
*101.12
101.14
*101.13
101.15
*101 12
101.14
*101.13
101.15
*101-13
101.15
101:16
*101.13
101.16
i
102.4
102.23
July
Apr
101.20 Dec
102.25Apr
102J0 Apr
103.1
Apr
101.23 Dec
102.28 July
103.2 '
Jan
103.4
20
101.16
Jan~20
101.2
Jan
100.26 Oct
101.8
Apr
98
Dec
95
Dec
'Bid
•
102.00 July
103.4
July
and asked
2s
1951-1955
uJun
94.10 Jan 15'
96.20 Feb
18
94.14 Jan -15
96.24 Feb
17
*101.12
101.14
*101.12
101.15
*101.12
101.15
*101 12
101.15
*101.13
1952-1954
v__
2si.___
*101.9
101.11
•101.8
101.10
*101.9
101.11
*101 9'
101.11
*101.10
101.12
*101.10
101.10
*101.8
101.10
101.12
1952-1954
*101.6
101.8
*101r6
101.8
*101.6
101.8
*101 6
101.8
^^__1953-1958
2s.
*101.8
103.10
*103.6
103.12
*103.4
103.10
*103 4
103.10
*103.6
103.12
*103.6
103.12
*102.6
100.7
*100.6
100.7
*100.6
100.7
100.16
*100.14
100.16
*100.14
100.16
Dec
2s_
1948
*100.6
100.8
*100.6
100.7
*100.6
100.7
*100. 6
1950
*100.14
100;16
*100.14
100.16
*100.14
100.16
*100 .14
Reconstruction A Development
10-year 2%s
1957
96.24
96.18
96.18
*96.13
96.16
96.20
96-20
*96.18
96.28
96.24
96.24
*96.10
36,000
96.10
96.18
96.16
•96.16
96.24
*96.16
96.24
96.29
31,000
96.17
96.10
96.29
*96.10
l%s
!___aa—
l%s^
International Bank for
price. .No sales transacted this day.
^Sep
1950-1952
^___1951-1953
;
Treasury 2s^____
Treasury
Treasury
Treasury
Treasury
Treasury
Treasury.
July
i 100.30 Apr
.
Treasury 2s
101.16 Jan
25-year 3s—
jlBeing called
for
,
_..___1972
redemption March
15,
1948
at
100.
a
Odd lot transaction,
r
Registered bond transaction.
I
THE
Number 4679
167
Volume
COMMERCIAL
NEW
YORK
RANGE
■
>.' Last
or
'
Sale Priee
Period
Stock Exchange
Range
Friday's
BOND
WEEK
ENDED
(1063)
RECORD
MARCH
5
Friday
Range Since
Sold
Low
BONDS
January 1
No.
High
New
York
Stock
Interest
Exchange
Bale Price
lADenmark
Unification Issue—
External
;
>1980
104
J-D
104% 104
72
100%
104
20-year extl
5yas
gold
Salvador
4s
extl
Foreign Securities
.iJan 1, 1976
paid..—
paid...—
part
lAAntioquia
(Dept)
46%
11
45%
64%
46 V*
39 Va
7
39
41
j-j
—
104
1949
*__
.
rf ABxternal
I ABxternal
s
7%
iAExtewjal
AEXternal
sec
ABxternal
f 7s
s
sec
J-J
10-year
i
3V*s
16-year
External
a
s
♦33
■
\
f
series—1957
*14
36%
J-D
95
94%
96 v*
8
94%
99
J-J
98
97 y2
99 %
132
97%
102
¥-A
87%
87%
90
21
87 %
93
87%
~0 %
61
87%
91%
A-O
J-D
87%
1967
J-D
87
J-D
10
88%
87
34
A Ass'td
46
85
85 %
90%
ABxternal
(Int
F-k
88%
55
100
100
102%
20
100
104%
J-J
108 >/4
103
108'/4
16
106%
108 V*
113
114
8
112%
114'/4
86 %
J-D
1941
J-D
83%
59
A Sec
89%
59
5,
45
45
2
45
5,
A7«
(Central
58%
2
58%
f
s
reduced
A-0
A-0
J-D
58 %
2
45
40
1
44%
58%
44%
49%
61
61
65
1978
J-D
44%
Bxternal
$
bonds
of
3%s Series No.
1944
1979
(Plan
44%
15
to
__
lAPernambuco
481/4
APeru
3%s Series No. 8
55%
56%
28
55%
56
56
23
56
58%
54%
55
55%
56
3%s Series No.
J-D
*__
*11
"
!
*60
58i/4
70
+.L-'
bo
57
*56'/a
65
58%.
54% >•
55
67% -
5614
561/4
54%.
56%
551%*
56%
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s
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to
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1945 ;
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1952
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1955
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1945
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jvi
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28
COMMERCIAL
THE
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1964
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_
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Low
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1978
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1
F-A
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F-A
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—
88
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—
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83
92
90
Alabama
Great
Alabama
1952
Southern
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1967
1st
mtge 3V* 8—3972
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Albany
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debentures
2a/is
debentures
2s/ks
debentures—.
2*41
conv
A-0
M-N
J-J
A-O
*9714
MS
J-J
90%
90 %
.,—-.1961
3-D
ids?
A-O
debentures
1987
J-D
,2%s
conv
——1957
J-D
1st
gold 4s
A P W Products
Atchison
903/i
60
853/i
101%
524
108
101%
July 1995
—
*
101% 101%
80%
Q-J
———1961
A-0
*06
1027a
1
.93
,1995
A-0
geld 4s_—July 1 1995
-July 1 1995
Atlanta Ac Charlotte Air Line
Ry—,
1st mortgage 3%s—
———_3963
9874
.
43—
—
Atlantic Coast 1st
4s
con's
.July 1952
A—V1964
General unified 4y2s
Atlantic jSc Danvill# Ry
8econd
Atlantic
118
118%
1.18%
107 % 103
M-N
U-N
393
MS
103
t.
'
103
103% 104
115%
106 3/a
inc
mtge
417a
A__J*n 1 2019
ser
J-J
27
26%
27
14
J-J
16
157a
J-J
9S74
087#
16%
£3%
2
1964
31
977a
-
115'
81/
12
79
66 72
54
557a
67
563/2
57
9
44
45
36
...
90
65
\'a
54 7a
58
39 72
*89
45
897a
88 74
102 Va
1027a
7
102%
'
997a
*
-
Apr
677a
66'%
68
79
65%
70
Apr
55%
5472
56
175
53 %
577a
Apr
-
**
103
60
59 %
61
201' V
69%
*:6572
89
89
WestefV
Ry—
inc 4%&._Jan 1
1999
J-J
ser A.Ljan
J-J
2019
3
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mtge
mtge 27%s
3.7«s
series'Fill
4
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90
89
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278
102
7
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82
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/
100
2
,
104%
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.
74 100 74
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7172
100
,
J-J
104%
10174
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154;
77%.
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*
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-
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77
78 '
r
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88 7a
1
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v,
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104
J-J
j-j
104
J-J
1963
cortv
104%
75 7«
77
J-D
4s_i_L1952
:ser
Indiana,
104
104%
Apr
-
1047a
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-
100
34
,
J lOl Va
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*
7
j,
105
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I
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104%
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.
:
1047a 104% /.%
;v 104%
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M-S
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105
•
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1st
2198%
mtge gtd 3%s, scries E_i
F-A
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'
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98
r
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r
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.
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92%^* 92%»-
797a
,
y
^ 107 /"107 74 *':
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98 %
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J-D
;
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F-A
.-1969
Cieve Cin,Chic & St Louis Ry—
GenerrJ -gold
/;/
'.6,,
■>
1st mlge 2%;s
fierjG^,^^j__Llfl74
City Ice -&,Fuel 2,%s deb-i_ii'-7__Iul966
City Investing Co 4s debs__^„__,;i961
307#
9872;'' 99
A-O
,/) 102 -I 1(35 7a
-V:r.
,r
Cine Gas Si Elec 1st mtge 2%sI__^1975 *:
Cincinnati Union Terininai—
'
102 V'a
25
111
80
103
—.194®
73
717a
*111
J-J
series'a:1_1___u~_-1994
1st
1047a
99
V
35
737a
'
1037a
/ 2i
1994
B_L„___Jan 1 2044
ser
conv
Chic Si WesU'n
101
l#t 4s_——1948
mortgage 4s
Refining 2%« debr
conv
1st Si ref ,4
5
60
09
100%
mtge 4Vis inc
1st
108
J-D
99
A__
ser
Income
118%
13
'■/■."/■'
196
41
38 %
RR—
2%-<U/4S_^-_—■———1994
Chicago Umoh StB'ttpn-w'^'' ;»"■
100
84
>
•;
Pac
Memphis Div.:.lst;'gold 4s_____%__1951
Nov
Adjustment
Stamped
9372
'
Chic Terre Haute^Si S easterrr Ry—-".'' 7
;
1st Si ref M 2%-4%s_i^i__j_:i994
81
80
/./
Topelca & Santa Fe—
General 4s
Si
Gen mtge conv 4%s
.
Co 5s
4s
mtge
Gold
1027a
1007a
807#
91
;
A____Jan
ser
Chicago Gt/L Si New Grleans 5s___1951
1097#
101
81
1017a 102%
106 7#
£9
108 V2
108 Vi
inc
Paul
1st mtge 4s
97
101%
977a
.1
■
.
937a
917a
A-0
MiLw 6t
2nd
104 %
90%
A-0
93
'
1st mtge 3s ser
.1989
Chicago Rock' Island & Pacific Ry—
907#
21
—1969
2
92%
*72 Vh
44
mtge 4s
472S
957/5
20
—1062
—
112
39%
M-N
M-N
47as:_/_^_-Jan 1 2038
Chicago & North
947#
92 Vz
445
9674
111
109%
567a
98%
103%
937a
9672
03%
06%
J-J
■
J-J
1st
92%
103% 104'/a
194
199?
1985
J-J
-
debentures
108
7
97 %
9274
J-J
100
£4
•'
117
1107a
,
4
92%
1983
Chic
106 74
55
957a
90%
F-A
mtge 4V/2S inc ser A
Jan 2003
Chicago Ind & Sou 50-year 4s
1956
94%
159
93%
£57#
110%
97%
CO
,
027s
104
116
1107a 111%'
•
60 Va
mtge
inr
Gen
96 %
104
10174
13
110% 1107a
F-A
A2d
104 72
99
93%
93
03
95%
274 s
Arbor
2
T-A
debentures—
High
126
10074
'fl/T2
,
117
J-J
84%
*-
M-S
J7/#s
Ann
100%
10
100
09
17
104
: j-j
mtge
Chicago Ind & Louisville Ry—
28
100'%
A-0
Amer Tobacco Co deb 3s
3s debentures—
Low
121
116
F-A
A 1st
*105%
A-0
103 74
116
J-J
7
25
103»/» 103%
103% 104
104
116
'
j-j
ref
AGen
5%
6
*2C%
___I980
debentures
January 1
No.
1257a 126
1037a
F-A
Chicago Si Erie 1st gold 5s____^___1982
Chicago Gt West 1st 4s series A___1983
-
6',2
——„1975
1986
Range Since
Sold
£0
RAILROAD AND INDUSTRIAL COMPANIES
7s—
Bonds
•
High
126
M-N
cons
A Gen
mtge tnc conv 5s
1st mtge 3%s ser B__'______
15
6
1st
372S.__.__
__1985
1st & ref mtge 2%s_„__7______1970
Chicago Si Eastern III RR—
85
76
--
,
Div
1st Si
867#
%
90%
'20 Vi —
„
F-A
81
441
91
„
A-O
(City) external 7»——1958
1958
—
A
Burlington Si Quincy RR—
General 4*—;——..1958
1st Si ref 4 Vis series B„
-L^-1971
„
121
121
—
837a
AAdriatic Electric Co
Friday's
or
Bid & Asked
Chicago
*__.*
*117
J-J
90
140
*117
'
U-8
ghld 4s^-__:_19b9
2d consol gold'4s-———i—1989
8Va
85
85
A4 Vai assented-,
Sale Price
R Si
7%
2
**117
■mi**,
M-N
J084
Warsaw
Last
Period
gold 4Vis
1992
Ref Si impt mlge 3725 D_
1996
Ref Si impL M 3Vis series E_____1996
13%
6
90
90
/•
M-N
3% 8 t>xt 1 reaa1ustment_.
A Venetian
Week's Range
Interest
Exchange
General
7%
4%
U
readjustment—1978
4-4V4-4V2S extl
Stock
Low
137a
19
6
.
19
4 ',8
4%
»
J-D
M-N
3%-4Vi-4/08 extl conv„___
York
High
574
14
5%
%
——1979
External conversion
5
BONDS
January 1
1937)—
readjustment
Monday, March 8,-1948
...
RECORD
MARCH
Range Since
Sold
'
ARxternal
AExternal
CHRONICLE
Chesapeake Si Ohio Ry—
3958
1958
extl
ASllesia ifrov
lAUruguay
ENDED
(Kingdom)—
external
sec
BOND
WEEK
Bonds
Friday's
Mid & Asked
Low
Serbs Croats Si
FOR
FINANCIAL
Week's Range
Friday
Interest
BONDS
New
&
_
i%
78
'*
82
■
i
XX
;*1
'7.83%. ;:'r
817a
\
'*o
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J-D
■
General
B
1st
mtge 4s
1st
5%
mtge
and
Re 1
—July 1975
B
ser
(4%
V!o
contingent
gen
Si
mtge 5%
and 3%.
Series
M
Ref Si gen
mtge 6% (2%%
and 3%%
contingent
1
J—
A 4 '/2 s conv
income
Ref
4s
series
A
1980
.
1st lien & ref M 4s ser D_
Bangor & Aroostook RR—
ref
4s
Beech
Creek
—1985
J-D
86
90%
60%
61%
61%
162
58 72
MS
1st
Cleveland
Maine
Cleve
62%
A-O
6274
57
62%
J-D
69 Vi
69
69 Vi
21
6774
7272
1st mtge
5s Aeries B
l—1973
48%
43%
49%
246
45 7a
517a
1st mtge 4 72's scries
1977
A-0
M-N
82%
82%
82%
h
82%
85
71%
."-71%
71%
78
Short Linr istjgtd
7
Cleveland .Union terminals Co—,
1st mtge 572s series A-_i__T—L7_1972 ,
.4
J-J
73%'
.
Colorado Si Southern
(
4V2s
,
28.
J-J ;
;
78%
73Vi
79
10
90
01
90
3
89
91
6
89
91
119
121
7772
Columbus
83%
—July 1970
7s
_1954
;
Bklyn Union El 1st gold 5s_.
Bklyn Union Gas 4s debentures
1950
-
''''
98
98%
97%
92%
101
J-J
M-N
78%
55..,
73%
1st 3«:
*20 %
*
102 %
gold
Guaranteed
gold
5s
Guaranteed
gold
43/4S
Pac Ry
4Vis
deb
ACent Branch U P
JCentral of Georgia
J A 1st mtge 5s
Illinois
N
Central
1st
Si
New
ref
York
3Vis
81
Consumers
50
557«
Continental
25
27
Crucible
__
2
91%
11
96%
93
96 %
917a
93 7s
9572
Ybrjc—,
54
1067a
100%
1027'#
98 7a
997#
•
62
25
5974
-
93
94
15
887a
17
'
1017#
10574 1067a
'
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.23
101%
1037a
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.
1067a
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->■
106% 106%
•
.
95/7.95
95
95
95"
;
1
0774
.
> 96%
M-3
DL_7'_i7'_i-_:_l972
A-O
it
96 Va*
:
94%
>
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97%
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9672
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8
97%
•//
102%
102
'102%
94'/a
92%
98 V:
97
*
.
10174
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;
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Power-,1st?. mtge
M-S
2%s__1975
"go]d_Xi7-—-lL_ 1952
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99%
,
99%
99%
:
*96
,/
98.; i
".:'■* 96
98
/7
8972*, /•///;/ *5 %: I
53% •7/! 7.-Iv./
88
39,
39%
377sSi* 40V4(r
89 %,;..
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*
J D
J-D
1
;
39
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J-J
;*
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:
33 Va
J-D
*34%/
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deposit rcts______—__1946
52%,
81
;
33%/
,'33 V#
J-D
ser B
10074..•
98
36
:
•
53%,
M-N
*
ACuba RR 1st 5S
>
J-J
3s, debs,—.lL 1965
Baking
Steel .1st
35 Va
54%
/
83
•
34%':', 37,7a.;:
35 7a 7 36 7a
'/,77._v—/..
.7.,'*'--7..
-*
~
.2
105
D
1057a
100%
105
11174
U3 7a
108% 108%
25
1087a
109 %
10872
109%
1117a
11274
108%
*
F-A
110% 110%
■M-S
106% 107 %
.
10072
10
9
110%
10674
1077a
175
8574
107% 103
6
61
107
96
108
F-A
61
1
5872
Lack;&
Y
N
1st & ref
Morris
8
100Vi
102
*98
99 %
*63%
''/./
98 74
*
A-O
Western
*5s
M
div
••
•
M-N
••'*'.(V.S' V
,\V::
98%
9074
96
91
98 %
1017a
100
LI
.
v
''
-
'
1007a 1007a
91
28
-
'
103% .".*-~i:;
27
907a
95%,
v
M-N
'
*
M-N
1973
1993
ser C:_
Essex division
&
♦
"
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57 Va
a.'i
•.*;'
102%
577a
'
57%
/-
8072
83
54
10
.
V.
60
v
M-N
tr ,4-6s_:-ii_:i__:_May i 2042
Power ,Si Light 3s_—
mtge & coll tr 37as,—
—1977
57
A-O
con
1st
103
•
*
57
59
./„
*104
7
*.
./*
615/a
54%
57
1027a 103
".v
,
J-D
101
103
'
■
Denver St Rio Grande West RR—
lft mtge ser A.(3%
1%
fixed
i
:
contingent int)
Denver
&
Apr
'
%
J-J
83Va
8474;..'
5674
53
-/
71
60
80
847<
5174
58
(4%%
A
ser
mtge
1993
201i
contingent int)___
Salt Lake—
57
190
>
65
99
99%
Income
1%
J-D
'v'*;m:' ,V
,
J-D
Delaware
62
100% 101
-A-O
*'
Delaware, Lack ii^est RR co^-
AIncome
J-D
7.
1127a
22
88
85%
107%
1037a
9972
AIncome mtge,due.
109 74 100
111% 111%
J-J
99
:t;w
A-0
Dayton Pr Si Lt 1st mtge 2748
1975
Dayton Union Ry 374s series B___1065
Deere Si Co 2Vis debs_____—____1965
Delaware & Hudson 4s extended___1963
F-A
1966
T-A
3s
<65%
66 78
3
44
44%
35
6
7%
15
6
A-O
6%
7%
-44
6
7%
J-D
*52
*17
J-J
A-O
J-J
Q-J
19
10772 107%
mtge
(3%
contingent
fixed
1971
87a
Vi
8 74
52 7a
187/a
1
107
19
107%
Gen
&
Gen
& ref
ref
3s
3
70
J-J
_1993
int)
series
\
17
66Va
M-N
J-j
J-D
M-S
J-D
J-D
M-N
2%s series I________-1982
Detroit Term
&.Tunnel 4%s
__I961
Det Tol Si Ironton RR 2%s ser B,_1976
Dow
Chemical
103%
74
103
97%
,
71
687#
41%
216
37%
44V2
4
t§ ADul Sou Shore & Atl gold 5s___1937
3874
38
39%
192
35%
42%
Duquesne Light Co 2%s_—
3
32%
?
.
60
99
'
—
102 7a
100
9774
5
•
84
84
9674
977a
71
*3874
4074
F-A
987#
99 74
•
6074
96
5
'
100
81
10
96%
J-J
•
60
84
967a
08
1037a
967a
687a
-
38%
40
96/
*
*58
•
M-S
109 74
1027a' 1037a
1
68s/a
-
108
10
10374
97 7a
.
J-J
debs
2.35s
<
2
10874 108%
M-S
Detroit Si Mackinac 1st lien gold 4s 1995
ASecond gold 4s_——
1995
34
34%
39
*100
103%
32%
*97% 102 Vi
*
*97
32%
97%
__1977
-w
38
-
.98%
14
-
417s
1007a
37
97%
101
103% 103%
101
East Tenn Va & Ga Div 1st 5a
F-A
.1966
970
%s series G
38%
A-O
T-A
66%
45%
Edison
39%
J-J
1974
64
39%
52 7a
58
Q-J
stamp (partial redemption)—1942
Champion Paper Si Fibre deb 3s—1965
65f
M-N
—1987
gtd gold 4s_1949
page
Detroit
A-0
'
i
33
337a
97%
9874
195®
M-N
110
(NY) 1st cons gold 5s___-1995
Elgin Joliet Si East Ry 3743—,
—1970
J-J
*141
M-S
*10374
El Paso & S'westernVlst
1S65
A-O
l°fiB
4-o
Ed El 111
5s
stamped
30.
f
_
/
5s
_*
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1
110
110
1567a
156 72
;
—
104
—
-
*
.
•
—
—
110
1567a
102
—
:
103%
103
105
* 1
-+*4
■*i
1C5 % 105%
J-D
'
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357a-
3272/
96
7
M-S
515472
987a
*101 Vi
,
—
17
A-O
26
64%
105
1955
'•*'■
30
-
,
31037a
A-0
„■
mtge; 3%«u-^_wv-1966
|ACuba Northern .Ry, 1st 57^3^—1942
ADeposit receipts
93
104
A
see
77
21
96 %
60%
.A-O
—1987
.
5s
footnotes
35
111% 112%
1987
(4V4% to Aug 1 1949)
lACentral RR & Banking Co
For
series'
3s
.
79%
__
104
1948
—
gold 5s
Power
ref
i
112%
—1987
1st ref
series
105
22
99%
.
105 % 1067a
10572
F-A
1st & ref ifttge' 2%s- ^er B—1^—1977
Si ref mtge.-2%s- ser C^_-__1972
1st &
J-J
1945
registered
Central Pacific
24
31
V
51%
s101
J-J
___1951
A-
lft
4
No? 1945
J gen
'*
977a
'
A5s registered
AGeneral 4s
A 4s
65%
Ry—
Light
f ,3%S
s
1ft A'l'ef mtge 2%S: ser
100
100
i960
gold 4s
River'Pwr
101%
92%
101
100
1951
f AConsol gold 5s
tACentral of
5
*__
ARef & gen 5Vis series B
1959
ARef & gen 5s series C
1959
AChatt Div pur money gold 4s__1951
f AMobile Div 1st gold 5s
—1946
Central
■/•■
997a
,
F-A
1977
series L
L 1st <fc ref 4'l/2s
&
Consolidated Edison of New
100
perpetual
*
1st
101
'/
96
F-A
4s_r____„1955
98 74
J-D
Carolina CUnchfield Si Ohio
4s_—1963
Carthage & Adirondack Ry—
1st mtge gtd 4s,.1981
Celanese Corp 3s debs
1965
Celotex Corp 3V4s debs
101 "*
/';/ "..
Co—
96 72
A-O
•
stk
Edison
98 7a
M-N
"1956
4V3s
gold
4%
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9.)7»
A77«s ser'A deposit 'rcts^i_i._i_Ll946
:M-N
1970
—~
54
99%
M-S
9474
1962
Oct 1969
gold
Guaranteed
Can
3
Vi
91
*98%
A-0
,.1957
5s
M-N
1.970
3%s
96
1974
Canadian National Ry—
Guaranteed gold 4Vis
Guaranteed
34
96%
J-J
J-J
-—1976
5s~aI
gtd
Ohio El
Sou
&
55
53
'
^-A
i960
Guaranteed
10474*:.
•
F-A
1955
_
Oregon Power 3V#s
cons
106
98%
A 6*
.'1957-:
—1952
Power
1047a7
1//''
I / K; "l
1017a 102
A-0
%7_19.61
Consolidated. 'Cigar: Coi'p' ^ 74S_'__,_-1965
at
1947) due
1st 4s
Elec
Conn
91%
M-N
(interest
94%
101
A-0
M-N
Canada Southern
;■"/
103%
10374
%—'//
:
«
96 V>-
-
105
105
M-S
4s_:_1948
gold
967a
,
96
1969
California
1st extl
mtge 3s
Conn Ry
**
J-J
M-N
Gen mtga 27/«s
—_1976
Buffalo Niagara El 1st mtge 23/4S—1973
Buffalo Rochester Si
Pgh Ry—
Consolidated
5s
Bush Term Bldga 5s gtd
V
Commonwealth
1st
120% 121
*95
96%
M-N
...
—_—i._l076
Ainc mtge 4 Vis ser A
Calif
101
88
92
90%
.
M-S
Bush Terminal
:*v/:^ 4
--Of
Ry-A,
& Elec
Columbus & H
M-N
modified
73
6474
847#-:
/.;/
3
104%
96
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modlfied4»_i——<-1980
37»a debs_^_1971
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Columbia Gas
RR—
2% It0 May 1
9974
W
68
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A-O
May
J-J
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—1967 '
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1st mtge 474s series JJ__
,-1961
1st mtge 4s series
RR„,—1*960
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7
59 Va
86
,
i-101
F-A
57%
7 97 V,
.
53
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M-N
181
J-J
^1970
J„
Co
.
6474
104 7a
J-D
258
1st
(Ernesto)
J-J.
<
59%
1st
ABrcda
1970
3s
Columbus Si Tol 1st extl
Bethlehem Steel Corp—
Cons mtge 2%s ser I_
&
Ilium
59%
A-0
Boston
Elec
1st mortgage
__1982
Cleveland & Pittsburgh RR—:
7
Series C 3%s gtd-____-_-_-_1948 /
Series D 3 72s gtd_a7_:—7-1——1950
A-0
ser
71%
86
M-N
58%
3'/2«—1951
23,4s
cpll tr gold 4s_____1990
.
>_•
7072
*62%
J-J
58%
Telephone of Pa 5s series C—1960
Beneficial Indus Loan 272f4ebs
JL961
mtge
-
707a
j-j
58%
1951
Bell
Cons
•
4s__—1991
1st
*98
J-D
—1977
MS
—1951
;
Extension
17
Div
h:
.
4s
stamped
89 %
Mich
&
__1993
4%s-scries
Hbpt,
St L Dif 1st
87%
88%
Wab
V»
S'wcstern div i3t mtge
5% ser A
(3j/2r/o fxd & l'/2% cont int)„ll980
Toledo Cincinnati division*
*
Con
82
—
—Feb 1 2010
West
31
fixed
due Dee 1 lqg®
Fgh Lake Erie £
■
86
—
interest)
Series
:897a
■
due Dec 1 1995
due Mar 1 200o
due Mar 1 1996
K
A-0
85
fixed
contingent interest
Series
85
fixed
Int)-July 1975
(2%
Series G—
A-0
&
Cin
A
ser
series,,
5s
Ref
Baltimore A Ohio RR—
^
'r/'
1
i
Volume 167
Number 4679
Ilk COMMERCIAL &
FINANCIAL CHRONICLE
I
NEW
YORK
RANGE
Friday
Interest
Exchange
Stock
Last
Period
BONDS
York
New
Week's
Sale Price
j
or
4-Ot
1st
cons
UUilO
cons
cons
Ohio
'
J-J
Bonds
0 7#0
C5
64%
65 Vz
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No.
Low
New
-3'X-
82
u-s
Diy 1st mtge '3 % s_L19 71
Co deb 5s
debentures
93
Louisville Gas & Elec
82
80%
Louisville & Nashville RR—
1st & ref M 3%s series F
3s
1st &
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96%
ref
"•i
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A JFlifb
tFioriaa East Coast
A
1st & -ref 5s
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3s ddb
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^Certificates
of.
St Louis Div 2d
*
54'
-
52%
34
102
.1956
*
U-N
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A
101
26'
50%
102 % 103
General
A4s
(RH)
4s
Goodrich
inc
debs~.
(B F)
Co
Northern
1st
Af-N
2%s_1965
mtge
Co— •.
Ry
US
-1969
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5Vis
5s
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1952
series C~X~
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•
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General
111
111
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B
75',2
103
1959
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^
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•
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113
.
90 ,'j
'
92
ser
&
mtge
Manila RR
4s
con
Manati Sugar
Mead
88
76%
91%
95
"7
92%
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**
'
6%
102 Va
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,
2044
7%
100%
96
li:-
/ '
4-0
607/8
68%
71
93
.
Apr
101'/a
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94 '/a
94%
'
93
lift
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1970
J-J
1962
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Coal
1st s
Corp
f
5s
2%s
series
A
Hudson Co Gas 1st gold 5s
Hudson & Manhattan 1st 5s A
A Ad J
-1949
93%
56%
61%
93%
;•
,
(Southern
& Sag
*95
96
*122
.124
94 V4
119%
95
88%
88 %
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1st
gold
90 ; ■
88
39
•11
91%
;;io4% 105%
61%
59%
61V4
'31
57%
62 Va
23
21%
23
235
17%
23%
1981
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96%
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1951
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1951
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1951
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1952
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,_1955
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100
3s
gold 3%s
sterling——
trust
gold 4s£
4s
_
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1952
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Western Lines 1st gold 4s
;
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&
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series
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.
k
k
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68
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77
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ser
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32
:
77
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11
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62
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29
61
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1
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,
78
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92
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64
64
64
%
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110
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1965
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74
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74
36
71%
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34%
33 Va
34%
232
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39
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74 V2
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74%
130
71%
79
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74%
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74%
137
71%
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US
62
62
62 V2
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ref
5s series
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series
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Morris
&
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I
1966
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ref
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45
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35
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3
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88%
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2003
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1951
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ALombard Electric 7s series A
Long Island unified
Guaranteed
4s
ref
4s_
1967
1952
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,
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A-O
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W
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MS
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stamped
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31 %
•;
31
38%
footnotes
see
page
30.
*
48
series
4s
A-b
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25
25
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M
'
121
110%
111 Va
110
~1
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25
34
101 Va
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101%
101%
102 Va
101%
102
30...:
85
91
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i.
84%
85 Va
65%
86
63
67 Vi
72%.
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77
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74
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80
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22
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82
52
62
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62
62
60
63
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1998
1998
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1980
registered
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62
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67
62
•
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62
57%
'r-.—
78
63
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Y
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1st
1951
2000
2043
—.-2043
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4'/as
&
57%
V2
12
3
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78
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1
92%
3
91
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2
81%
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88
6
82%
89
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■
88
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4
96%
99%
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.
'
—
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--
J-J
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J-J
1973
B
92 Vi
85
88
■;
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98%
M-N
1973
4s series A
West
series
—
92 Vi
A-O
F
—.—1986
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ser
Y
M-N
72%
98%
98%
5
*
100
71%
72%
37
70 Va
74
81
81
73
76%
81
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68
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1940
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67'/a
1957
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62
62%
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34%
33 Vi
34%
M-N
100%
ref
A Gen
mtge conv inc 4%s ser A.2022
mtge 4s
A
ser
28
10%
2007
4s
1st &
.
'
66
72
10
12%
261
61%
67%
849
31
35%
53
.
% A Harlem River & Port Chester—
1st 4s
——-.—1954
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N Y
>
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2%s—
1977-
—
—
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1
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97 Va
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20
99
10
3
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95%
62
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■
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gold
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1953
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ser
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—
;
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1940
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.
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■
105
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16 *
-
33
106 Vi
.
79
31%
36
'
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_
_
16%
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J-J
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1st 4Vis.
M-N
.-1982
5s
D
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■«
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1937
Niagara Falls Tower 3%s
■1
.15
'
74
•
96%
96%
11
10
10%
51
93%
17
74
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9%
12
106%
*108
108
'
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Gen
4s
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A
~
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&
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1955
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mtge 5s conv inc
Northern Pacific Railway—
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;
121
110 Val 10%
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8T
33
7
Yifrk Chicago & St Louis—
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34
72%
84%
78%
80
86 Vi
87%
2013
.—2013
coll gold 3%s
31
36
87%
84%
'
—
,
A
2014
A-O
1st gold 4s_1998
& ref 5s
1974
US
Western Ry
Central
ref
gen
4%s
series A
A-O
55
127 Vi
-
—■
1974
us
1997
Q-rf
102
__
Q-J
98
Jan 1 2047
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62%
registered
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.2047
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2047
2047
2047
J-J
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•••
81
79
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3%s registered
28%
67
14
33
99
\
1997
1997
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42
84
86
82 Vi
& Hudson River RR—
Norfolk &
31%
80%
79
199#
85
30 Va
3
2
F-A
A—
71%
38
80%
82 Va
1954
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N
80Vi
82'/a
—
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impt 5s series C
; N Y Central
Lake
80%
81
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64 Va
30%
V
39%
*70%'73
__
For
f
102%
82 Vi
1»56
28%
58
3(X'/4
.
30%
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38%
"
MS
—1949
28%
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1949
gold 4s
28'%
103
100%
deposit
of
series A—
of deposit—
5%s
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Gen
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102%
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M
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series D
60
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2
103
'
deposit
of
82%
-
4
101
100
__
82 Vi
—
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67
12
•
101% 101%
l-O
1954
series C
4%s
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101%
105 Va
90
MS
95-;
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104
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104
1974
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96
,
102-4,
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100
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Vi
97
__
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51st refunding 5s
1937
95
99 Vi
97
104
82%
80
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12
1983
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gtd 4s
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97
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94
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38
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10
99 Vi
J-D
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1%
88%
103%
85%
99
103% 103%
99
A-O
& Northeastern RR—
A Certificates
101
1
85%
J-D
gtd 1st 46__—.-1986
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176
90%
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Power & Light 3s
Great Nor 5s A
Orleans
A 1st 5s
97%
•170
11-
;*-
*84
F-A
Af-N
92
1982
RR
Junction
J
A
97
F-A
2003
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1952
.—1961
series B
4%s
gtd
Ref &
112 Va
97%
'
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1
i
2003
registered
102
56%
74
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112
,97
■
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88
F-A
stamped modified
4s
100%
57%
debentures
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•
4%s
9
100% 101
64 Va
75
5s—1948
cons
England Tel & Tel 5s A.
New
N Y Power
Lehigh Valley Ry Co NY 4%s «xt_-1950
Lehigh Valley RR—
4b
103
J-D
1967
..1954
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ANaugatuck RR 1st gold 4s
gold 4s
3%s
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'
1954
61 Vi
101V2
1955
National
100%
"44
";?92%%95.
!• 82% 1:82%
F-A
gtd 5s
79
6
11
N
103
97%
160%
l'/a
,
—1974
78 Va
U-N
B
1986
National Dairy Products 2%s debs_197Q
National 'Steel Corp 1st mtge 3s—1965
N
110 Va
% 171%
100
J-D
5s
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1954
lit A rel ^ink fund 5s—__—.—1974
X:
f
72
1955
N Y & Harlem gold
112 Va
*93
J-D
1954 >
47
102% 103
U-N
1958
A
ser
99%
2
93
1004
sink
73%
2000
gtd 3%s
4%s series B
97
5
112
*97
MS
^tamped„__—T—
ti
74 V2
Nashville Chattanooga & St Louis—
81%
96%
J112'/e
-
1st
54 Va
F-A
53
102%
47%
A-O
••
47
1981
&
98%
41
98%
112
A-O
.
■
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—1977
A >lst
&
50
14
99 % 100 Vi
*42%
D-
64
61%
79
94%
99%
J-J
—197#
75
61
7
71%
25%
95%
t-J
\
.
71 Va
18%
&
54%
75%
102 Va 102 Va
100%
J-J
income, reg
73
-
32
47
Ref
20
78
99%
A-O
Lehigh Coal "8t Navigation Co—<
MJ. '
'*> •i": 8 F mtge
3%sI§c*:A4.£i_
.—.1970
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V/
1st & ref sink fwnd. Ss*,*
1954
3
63
233
Ref
48%
5
.*97
J-J
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•■
91%
101
74%
22 >/4
A
*
91%
57
98%
39
tAN Y Ont & West ref 4s___June 1992
y
91%
96
51 Va
56%
A
1st
A-O
-1997
-
5
—1975
N
J-J
3Va» registered
16
74%
58%
52%
*96% 102
J-O
.1997
51 Va •' 53
100 V2 100 %
2-1
101 Va
4-0
Sh A Mich Sou gold
%
73%
63%
M-N
unguaranteed
51
22%
97
J-J
—
4V2s
106 Va
96
73%
82 Va
95
52%
Kings County El L & P 6«_
Koppers Co 1st mtge" 3s
tAKreuger & Toll 5s ctfs
84%
104%
M-N
88
52%
Terminal lly 2%»
11
100
•80
A-O
95
81%
96%a'r'
*100% 102
68%
J-J
Kentucky Central gold 46
Kentucky & Indiana Term 4%«_
Stamped
3
104% 105%
104%
100%
99%
84%
1949
1980
101'.
*100
25
A-O
100%
__
70%
New Orleans Term 1st
102
74
A_
ser
-
'83%
54%
gold 5%s ser A
ref gold 5s series H
101%
102
55
City Power & Light 2%s_
Kansas City Southern
Ry 1st 3s_
98
69%
B—.—
&
97
2
-f .-' V'
105
21%
82%
Kansas
100%
AConv
New
54
1st gtd gold 4a
99 %
.'4 .;
A 1st
100
K
Kanawha & Mich
60
99%
U-N
97
2
-
.
21%
1976
100%
1978
New Jersey
54%
1st 48—.—1959
'96 %
98
99%
ref 5s series G
3'/as
Frankl
94%'
1
1
55 Vi
registered
Mich'Cent coll gold 3%s—
Jersey Central Pow & St 2%s
45
70.%
3%s
James
86
J-J
4s
New Orleans
1944
fAInternat Hydro-Elec deb 6s_..
Int Rys Cent Amer 1st 5s B
,
J-D
& ref 5s series F
Cons
1956
Vi
100% 100%
A-O
1990
ref 5s series A
General
100
1972
G-u
96
*100
:
—
vm
1940
RR—
4%s xeries
100
*98
*102
J-D
■;
71
98
84%
If-8
1967
1st 4s
series
lien
100%
21 %
<
'1"
99%
98
99%
J-J
1st ext 5s
series
5s
97"
A-O
—1956
100%
M-N
1979
—
ACertificates
B
99%
99
100
'
100
US
..1951
— —
adjust 5s series A—Jan 1967
^Missouri Pacific RR Co—
83%
'
100 Va l00Va
.I-:
J-J
July 1952
Vi
109%
73
'96
98
A-O
Jan 1991
99%
12
99% 100
J-J
98
M-N
Jan 1971
95%
99% 100
J-D
1950
"
*23
96 %
J-D
A Cum
3s
*100%
J-J.
1952
;„;CAlst gold 5s series
99%
96%..'V
''
J-D
1970
6s series A
". A 1st
98
.«
J-D
'
1963
Imp 2 Vis ser C_..__.w_1988 iK^International Great Northern RR—
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:
100
F-A
•:
99%
vl'cv-»y-t *97%-: 100%'
J-J
&
A 1st
M-N
J-J
103
10-1%
,■■■-'
C__—
List ref mtge 4s ser D___■;
Illinois Terminal Ry 4s ser A
Indiana 111 ti Iowa 1st gold 4a..
Indianapolis Union Ry Co—
Ref
1959
_1973
A
Prior lien
106 Va
*•-4
5s series A^__——1963
ref 4 V2S) series
'
.
86
109%
97%
100%
v''
;
.113
>
102% 104 V4
79 Va
80%
80
J-J
- -"a.
"2
-
5
96%
J-J
.
£.—1951
^—Li—
'
Va 100%
99% 100
104'/a
F -A
v.\
.
X.'
86 '
mtge 4s inc ser A
1st mtge 3s
99%
J-J
1951
:
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96%
J-J
.
St Louis Div. & Term gold 3s__
1951
Gold
3%s
—1951
Springfield Div 1st gold 3 Vis
1951
.
101% 101%
J-D
1st gold 3s__
1951
Louisville Div & Term gold 3%s_1953
Omaha Div 1st gold 3s-i._-
95
*101%
F- A
1950
23
/
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.
U-N
-
1966
4s~.—
;
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103
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U-N
5's
96 Va
'
J-J
1953
!.
40-year 4%s_—
Cairo Bridge gold
.
97
U-N
87
96
68
3
97Vi
*
1951
Refunding
j
11
97%
Mining & Mfg 2%s_
40-year 4s
96
A-O
;
1st
Purchased lines 3 Vis__
Collateral trust gold 4s
,
10
697/s
97%
I960
Missouri-Kansas Texas
95%
F-A
cv-W
•
4s
Collateral
v
99%
68%
J-D
27/aS
mtge
A Gen
122
94%
5
105% 105%
1st gold 3%e-L—_
-
99%
*-0
1959
Mo Kansas & Texas
'
94%
Extended
gold
118
"
'
1957
Telep 2%s series A
Illinois Central RR—
-1st
*110
Mountain States Tel & Tel 2%s—1988
Bell
'
1st
96
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Lines) 4s
3 VaS
Constr
,
1
1972
B
ser
Constr
Illinois
84
96
Minn St Paul & Sault Ste Marie—
95
Feb 1957
income 5s
33
96
.
A 1st &
j-j
Finance
86'/a
MS
A
itnpt 4 V2S series O »*:fc-
mtge
A 1st
MS
Hocking Valley Ry 1st 4%'S
85%
M-W
3 %s
Minnesota
H
Household
95
A-O
sink fund__Feb 11957
4s
4 § A Midland of N J
A
Hackensack Water 1st mtge 2%s__1976
17
Michigan Cons Gas 1st mtge 3V2S.1969
71%
92%
t". 1
1
96 Va
1st
gold
Ref 1A
96
•.'68%
10;:
•3 '
■65,;:'
59% ; 60%
J4-N
,.—1976
'•
96
107%
96 V8
„
1st
86
74
Corp
Jack Lans
91
23
107 Va
107 Va
A-O
mtge 3s__
1966
Metropolitan Edison 1st mtge 27/aS-1974
•Metrop Wat Sew & Drain 5%s
1950
Michigan C"-tral—
;
97
; 82%
>
105 Va
US
debs„_
4VaS
:
■
*6%
A-0
110
12
93Va
'92%
118%
15*-;
102%
I960
27/aS
112
r
B—___Jan
ser
Util 1st
97%
1161.
•
,
T
'57
J-J
mtge inc 4s
83%
r.'3,17. A -.'•109%
75% " 7634
Feb
Gen mtge inc 5s ser A—July 2015
1st & ref 3%s series D__r
19 69
Gulf States
;
5
'
J-J
Gen
113
94'/a
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Ist'&.ref 4s series B—_—.L.—1975
v.-
112
95
j-j
—
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&
'
/-J
deb ctfs A
ctfs
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.
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,
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1976
A
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111 Va
;_..L.199Q
; *!
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—
109%
101
20
_.1954
Co
,
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'
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;
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109
101% 102
1950
RR
1st
103 »/a
Realty & Utilities Corp—
conv
Great
J-D
101%
1980
&
A
.1949
Low
*110% 110%
2003
Maine Central
^
Berg Co cons 5s
January 1
No.
196#
■May Dept Stores 2%s debs
Gas A Elec of
Range Since
Sold
High
M
Macy
62%
102%
Bonds
2003
gold 3s
Cine Div
A-O
104
100r
54
Friday's
Bid & Asked
•
US
deposit—.
j?
p
,103% 103 Vi
100% 100%
r-D
MS
——_1974 :
Francisco Sugar <?oll trust 6«u.A
103%
Af-N
:
4.*/aS—-—19^9
series A_
.
*
M 27/eS ser G
Atl Knox
Firestone
or
F-A
1963
68%
80
-
Sale Price
1951
81
t
.
Last
Period
(P)
64%
'
Week's Range
Friday
Interest
Exchange
Low
100
c98
Stock
93/
■
'84 '
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High
Lorillard
'
MS
5
BONDS
January 1
98 V'2
J-J
mtge ;3 VeS ,ser ,G—.——200c
mtge ,2&. ser H._.<--'—1-1953
RECORD
MARCH
Range Since
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High
A-O
F—-—.—1990
3 V»s Ov*
ser
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mtge
1st
1st
ENDED
Co—,,
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Gen
mtge inc 4%s ser.A-r-Jan 2015
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-—1964
■;
BOND
WEEK
29
Range
Friday's
Bid & Asked
Low
Erie Railroad
FOR
(1065)
1975
M-3
registered
General
lien
1997
3s
3s
trust
4 Vis
Northern States
(Minn)
1st
Power
mtge 2%S—
1st mtge 2%s
mtge
J-J
116
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2%s
*'
26
49
56%
127
128 Vi
109%
25
109%
128
101% 102
98
61%
*—
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—.
—
99
79
98
62%
■
6
96%
95
102
98
61%
'
67 Vi
60%
63 Va
63 Va
87 Vi
91%
87%
93%
93%
93%
93%
100
90
93 Va
5
92%
97
97 Va 100 Vi
101
9 7 Va
101
Co—
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(Wise)
—;
55
127% 128%
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LA-
29
92
16
k
..
..
97 Va
Vi
1
V-
}
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F-A
1975
A-O
1977
4-0
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85
—
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98
96%
101
r
—
"7
\4
95
97
96%
96%
THE COMMERCIAL &
(1066)
.JO
RANGE
Week's Range
or Friday's
Bid A Asked
Friday
Interest
Stock Exchange
Last
Period
BONDS
Sale Price
Low
BOND
YORK
NEW
New York
FINANCIAL CHRONICLE
WEEK
FOR
ENDED
RECORD
MARCH
Bonds
January 1
No.
Low
High
Oregon-Washington RR 3s
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Union
10%
lO'/a
17
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let
4k
let
ref
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1st
St
lat
3s
9o%
3a
1976
J-D
93%
93%
-1963
A-O
Nor
St
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95
5
93%
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Ala
ref
3s
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1970
debentures
1986
3Mi8
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conv
Pennsylvania
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4a
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E
95 V2
96 %
23
101%
101%
53
A-0
101%
A-0
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.
—
94%
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105 Ma
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99%
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42
100 V*
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1
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113
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10
112
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120
1968
I J-D
107
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...
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4s
26
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95%
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71
94
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24
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99
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1985
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1974
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MS
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1974
r-k
1977
3-3
100
97%
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so
,
18
tr
4Vis
64
99
'
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106
106
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17
98%
14
98
99% 100
30
98
97 %
3-D
4s
1937
973/4
18
97 Ma
97
97
10
97
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1
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3-3
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1964
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f
s
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Cona gtd 4 Mi s series J
100
97
9
100%
■
;
953/4
*
r-k
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2
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82
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—
89%
21
92%
106%
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23
109%
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7
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72
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76%
90
—
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_
80
8
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94 y4
1656
of
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91%
94%
105
107%
111%
103 Ma
95%
106
102 %
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103%
9
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7
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45
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97
97
15
98
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1966
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3
102
98%
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ser
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RR of
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1
93
11
95%
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1974
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104
105
104
104%
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74
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:
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103
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351
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98%
1948
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9
-
99 Ma
-
100 3/s
94%
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81%
102
2Vis
1978
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1967
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1970
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74
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98%
83
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99%
95'
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\
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108
107% 108
98%
107
3
98%
96
98%
101
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108
6
31
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96%
103% 103%
99%
98 Va
31
99%
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r-k
1991
MS
1968
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1978
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mtge 2%s
1967
debentures
Universal
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7
96%
99%
90%
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91
49
87%
91%
903/4
96%
15
96
98%
91%
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1959
debs
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33
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91
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1
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1990
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1957
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1978
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MS
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2003
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1958
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1998
M-M
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103 Vi
102%
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1st
101%
84%
14
81%
2
82%
100
116
105 Vi 105 %
1977
r-A
1957
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100
105
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100
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3-J
117
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90
G St W 2Vis debs-1966
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debentures 3V«a_1976
98%
100
%
99
96%
99%
74
19
99%
79%
145'
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10
86
86
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105
4
49
94
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86
10
105
2
1967
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Pacific
lst 4s
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1952
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103
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109
6
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16
106 Va
98
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May
—
54
101
108
106% 106a'i
100 Va
98%
49
100
107% 103 %
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Maryland
49
o
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1950
mtge 3 %s
Penn
Western
220
-
78%
90%
4
105
...
F-A
Westchester
103%
96%
-a
75%
94
96%
A-O
1970
:
Washington Terminal 2%s
103
—
75%
94
,
Warren RR lst ref gtd gold 3%s__2000
11
901
107
'
78
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conv
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105%
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e
—
94
M-N
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100%
142 Vi
103 Vi 104
*__
98
98
99
Apr
Apr
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mtge
Walker
106 %
_
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—2037
8%
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1st
-
106 %
M-M
1968
100 %
9%
mtge 4s lnc ser
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100
Walworth Co
100
3-J
94 %
99 Va
109%
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99
14
101
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II
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J-3
1966
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W
88
102
II
93 Vi
♦
88
82%
1964
1958
!
5s_
cons
Virginian Ry 3s ser B
88
82 %
82%
3-D
series B
101%
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£977
g 4a series A
cons
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lst St ref mtge
103%
101 Vi
101
89%
f
s
Virginia Electric St Power Co—
J-D
mtge 5a
M-M
1978
102
81%
1974
let St ref
mtge 3s
1971
serlea C-
953/4
108
101%
*79%
A-O
k-O
aeries
let 6k ref
mtge 8s
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27/8s
Ref
108
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_
tr
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of
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103
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;
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debentures
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13
of
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lst
-
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103 Va
101% 101 %
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r-k
4a
93%
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Union
6
85
103
3-D
3-D
3-D
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32
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;
28
'103
.1962
Terminal 4s
124
98%
3/4
103 Vi
85
—ii«t
_
; 94%
5
J-J
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income 5s
Va & Southwest lst gtd 6a
104
104 3 i
A-O
lest
cb
121%
■
94
90%
89
23
122
Jan 1960
A Ad J
& Ashtabula By
& Gas 3 %s
99 V4
104%
A-O
.1990
Ry lst ref 4a
Yandalla RR
J-D
series B
denc* Securities
97 V«
103%
..
A-O
1950
mtge 3Vis
116%
11
42
1073/4
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1960
C
114%
99 %
98 %
*100% 111%
„
let fen 4a aeries A
mc
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106 Ma
109
r-k
1959
fen 4Vis series D
3
114'% 114%
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98%.
104
Pacific—
Orl
New
M-M
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gold 5s_
Pariflc-Missourl
Term
k-O
RR—
3%s ser C
Pacific
St
114%
J-J
1988
1968
3%8
ref M
St
Third
*
110
r-A
1960
1st
St
-2%s
*100
Jf-H
1950
lat
8ervice El
St
Texas
84
105
101%
3-D
1964
mtge 4MiS series B
let mtge 4Vis series C
7
102
i960
8 West Virginia
Ry
let mtge 4
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u
953/4
1953
Pittsburgh
l^JMOrtftge
92 V2
101
U
100% 100%
''
—'
1957
debentures
Jet St ref
1
1953
flf*1 lst mtge 41/28
_,fjt mtge 4%s series B
♦
98 %
98%
3-D
J rflu.Sf® Consolidation
£ Che,m lsfc mtge 3Mia_1964
Pittsburgh
Coal—
♦
106%
9
Pgh Cine Chicago St St Louis
RR—
Gen
mtge 5s series A
1970
Gen mtge 5s series
B
1975
mtge 3Vis ser E
1975
LfPfortdence
Public
81%
-1956
6%s series A
gen
Co—
Pittsburg Bessemer St L Erie 27/«s__1996
Pgh Cine Chicago St St Louis
Ry—
V Cona gtd 3 V4 a series E
—1949
t81
cons
,'Gen St ref M 3%s ser E
1003/4
106
U-N
1M1
.
-1956
_
1st
106
103
10%
1974
Potomac El Pwr
4s series A_
gen
&
843/4
116
.
M-N
APlttaton Co 5Vis
112% 113
St
87V4
100
Trenton
1967
Electric
5s
JS
1st
Trl-Continental
3-D
gen
5a__.-1994
Texas
23
•18%
^I^
•
*109
'
3-3
let
gold
Ref
61V4
59 v*
■
,
21
2Vis
Youngstown
*91
-1900
G
lst & ref M
99%
Apr 1990
Jet gen 5s
77%
Ref St
99%
95%
1971
Pitte
81%
JS
JS
E
ser
ser
Texas Corp 3s deb
Texas St New Orleans
110%
A-O
i960
ext
St
3%s
48
JS
Swift
103%
104 Ma
■7
J-3
1952
ref 2%s_
lat St ref 2Vis
lat St ref 2Vis
.
101
87 Va
99
1981
E_:
F
ser
tlAPhlllpplne Ry
90 Ma
100
99
*98 Ma 105 Ma
—
-
97 Ma
32
9934
1984
D
1961
ref
96%
3961
103 Va
—
1965
.
General fis series B
General gold 4,/as series C
lat
90
1996
2f«s
8unray Oil Corp 2%s debs
106 Ma
103 %
9
3-D
Phila Bait * Wash RR Co-
lat St
81
mtge
Oil
i960
4 %»
4s
Co
82%
95
Co—
RR
Standard
1948
Peoria St Pekln Union Ry 5%s_
Poro Marquette Ry 3%s ser D
Philadelphia
Philadelphia
81
Light Co—
series
Peoria St Eastern
5
*100% 101 Va
Apr
M-R
;
96
81
101
Terminal RR Assn of St Louis—
series
Conv deb 3Via
Gen mtge 3V«s
87%
M-M
1948
fund
4 Vis
90
J-D
Oil
1965
St
M-M
M-M
mtg 3%s ierA_1970
ASpokane Internat 1st gold 4%s—2013
44%
35V4
235
43%
105% 106
105%
94%
95%
86%
94%
St Louis Div lst gold 4s
-1951
Southwestern Bell Tel 2%s debs..-1980
■
1960
3%s
9iy8
4
—
41
,
98%
2
96
8934
MS
1981
,
lst
Memphis Div lst gold 5«
"
—
.•.*
43
53
93%
mtge 2%s
Devel
124
90
JS
1977
A_
Devel Si gen 6s series A
102 Ma
—
124
101
mtge 2Vis series F
Devel
96%
94%
101
*103
3-J
98%
1952
ctfs
Sand
stamped dollar
mtge 4%s
A Income
5
94%
81
.1994
1960
,
Ry
98%
91V4
Co—
Pacific
Southern
RR—
sinking
General
97
91 Ma
10
93 %
90 V4
1975
trust
General 4%s series A
General 5s series B
Gen
98
93%
1960
Conaol gold 4a__
4s
98
93%
2%a
Ry
Standard
lat mtge 3a
3» a f debentures
■
98
101 Ma
30
98
96
1st
Co—
aeries
Pennsylvania Glass
Pennsylvania Power
943/4
97%
93V4
100
100
3-J
lst
Airlines—
debs
High
— —
•
Isl
9I4/4
25
3-D
3%a debentures
1987
Paducah St 111 1st s f gold 4%s
1955
Peterson St Passaic G & E cons 5a_l949
Pennsylvania-Central
95 Va
29
*121
r-A
-1987
.
4 'As
4%s
93%
J-J
1986
.....
(Oregon Lines)
Southern
101 %
993/4
95
J-D
1980
92%
St Tel Cu¬
debentures
San Fr Term
102
fa
riphpnf.iires
Pacific
10' %
99%
107%
*101%
J-D
1981
1985
debs
,
7
17
100% 101
3-D
1977
100
ion
9
101 Ma 101%
101%
J-D
J-D
N
2%s
101% 102
J-D
1971
vtd
RR
Indiana
107 Ma
1974
series
Tel
107%
1970
lat St ref 2%s series P
lat St ref 2%s series Q
Pacific
w-W
9%*
dehpnturpK
ts
95 Vi
105 Va
*1033/4 108 V#
1979
49
94
South
J-D
L
January 1
Low
NO.
99
Gold
K
series
94%
*93%
2%s
M
series
3a
Range Since
Sold
High
93%
93 %
A-O
J-J
101
1985
J
series
3a
ref
ref
4k
series
..1971
Bonds
35
Gold
let
debt
Hncnny-Vaniiiim
12%
51
95 Vi
95%
103 % 104
104
10 '/a
95%
"14
r-k
k-o
8
11
93% 100%
100
A-O
I
series
Range
Friday's
*30
Faolllo Oaa St Electric Co—
3Vas
or
Bid it A^ked
P-A
lst
ref
Sale Price
Low
Southern
St
Last
Period
High
Southern
let
Interest
Exchange
'
US
A_1980
ser
York
New
tSASllesian-Am Corp coll tr 7»__. —1941
filcHly Oil 9%k riphs
-19fl*
J-J
1975
Week's
Friday
BOND8
Range Since
Sold
0
let mtge 2%s
Oklahoma Oaa St Electric 2%s
5
i
Shell
tOgdensburg St Lake Champlaln By—
a 1st
guaranteed 4s
—1®**
Ohlp Idison lst mtge 3s—
197*
Monday, March 8, 1948
111
—
97
99%
109
99%
100
Western Union Telegraph Co—
1950
.1964
98%
98%
13
98%
gold
30-year
99%
5s
Westinghouse El St Mfg 2%f
:
lat A ref 3V8s
&
Bra8s
&
Elec
Rochester Gas
Mr
D—1985
3V*a
♦
3V2s
85
M-M
1977
1957
MS
series
'106
MS
1957
A»n. «tge 3y«s serles J
1969
%_
J-J
RR
48 stPd
4Vis
stamped
1941
102%
102 %
—'
J-J
85
•£awr,£ 6s
Adlr
gold
2d
lst gold 5s
1
Louis-San Francisco
lst mtge 4s
series A
A2nd mtge inc
4%s
St
1996
10
8
stPd------1955
.
9
4s bond
1992
ser
A__Jan
certificates
—
1st
A
mtge 4s
ser
107%
104
;
104%
j
7%
8%
-
7%
9%
■
ser
96 Vi
guaranteed
ref
mtge
series
2%s
M
3 %s
ser
D
MS
Nov~l989
3-3
1990
W
i
Co
St
lst
Winston-Salem
^Wisconsin
1958
S
11
59
57 Vi
103
14
93%
Vi
23
94
102% 102%
17
94%
95
94
94
63%
61%
103 %
96%
4a
96
of
Public
101%
103%
111%
*109
73%
71%
72%
34
31%
J-J
deposit
5 ASu & Du div St term lst 4s
Electric
*-J
102%
111%
Ry
5 A lst general 4s
A Certificates
of
Jf-N
1936
deposit
631
64
72%
12
71
34%
95
73%
*30
r
2Via
1976
3-D
Service
3Via
1971
JS
103
.1976
JS
*92 Vi
95
19%
30
Power
%
95
103
Vi
15
93
1
103
,
75%
73
34%
30
95%
104
84%
81%
"
54
.
102%
■
—
80%
81%
53%
54 %
102 Va 102%
—
82%
83
95 Va
93 %
95 Ma
170
381
8
89%
80
84%
Yonkers Elec
80%
83
89 Va
95%
J-D
101
M-M
101
Power 2Via.
a
101
Deferred
included
in
the
included
in
de'ivery
year's
the
sale
range,
year's
not
n
included
y
in
the
year's
range,
d Ex-interest,
c
Odd-lot sale not
r Cash sale
Ex-coupon.
^Negotiability impaired by maturity.
tThe price represented is the dollar quotation per
unit of bonds. Accrued interest payable at the exchange rate of $4.8484.
101
200-
pound
*127
fCompanies reported
being in bankruptcy, receivership, or reorganized
or securities assumed by such companies.
as
100 Vi
100%
113
98%
100%
63Vi
63%
64 %
88
61%
68%
Bankruptcy Act,
*Friday's bid and asked prices;
94
93%
94
21
92%
94
A Bonds
100
92%
Under-the-rule sale not included in the year's range,
range,
J-J
r-D
92%
94 V'4
9R3/4
6
157
not
A-O
Lt &
51%
J-J
95
J-J
1940
lst
B
Central
A-O I
1960
mortgage 3s
A_____Jan 2016
2V28__„_iaofl
62
*103
3-J
1967
1995
Sons
MS
63
98
Co—
A
7
63%
96
90
101%
98%
'
May
1989
Gen mtge 4 Vis
Seagram (Joa E> &
*95
2022
St Paul St Duluth lst cons
gold 4a 1968
St Paul Union
Depot 3Vis B
I1971
Scioto V St N E lst
gtd 4s
RR
*75
J-J
/-J
1989
98 Vi
61%
97%
3-D
1970
98 V2
61%
60%
95
79%
k-O
1
1997
2d 4s lnc bond
ctfs
Gen St ref
gold 5s series A
Seaboard Air Line
96%
Ry Co—
Louis-Southwestern Ry
1st
96 Vi
J-J
1996
floSSF ^ & P 5s
8t
96%
97%
M-S
A
&
Wisconsin
MS
99%
31
100% 100%
M-M
Wisconsin
1971
5
1949
^Certificates
Power 3s series A
J-J
M-S
Gen
102%
,
Saguenay
80%
1971
4s
Wheeling & Lake Erie RR 4s
107%
1
7%
7%
88%
86
MS
Wilson
7%
103
90
3i
•
104% 104%
■
96
87 %
2361
lst
MS
1949
I?anad,an
,83%
'106
I
IIA Rutland
85
M-9
Corp—
oS mtge 3Vis series H
mJ8® o£8 8eriea D
mtge
85
97%
94 %
2361
lst
Registered
I960
Q«n
Gen
Jf-R
debentures
Shore
97 Ma
95 Vi
87
Wheeling Steel 3%s series C__
R
BMdlng Co
2%s
West
97%
JS
1951
5s
MS
1960
25-year
t-3
M-N
1951
Funding St real estate 4%a
Quaker Oats 2Via deb.
the
selling
flat.
no
sales being
under Section 77 of
transacted during current week.
THE COMMERCIAL & FINANCIAL
CHRONICLE
Number 4679
Volume 167
(1067)
31
NEW YORK CURB EXCHANGE
WEEKLY
AND
YEARLY
RECORD
deferred delivery sales are disregarded in the week's range unless they are the only transactions of the
week, and when selling outside the
in the week in which they occur.
No account is taken of such sales in computing the range for the year.
NOTICE—Cash and
In
footnote
a
regular
extensive list
furnish
we
complete record of the transactions
a
the New York
on
weeklv
ran^o
»rA
st,nn,n
regular ueexiy range are shown
,
In the following
Curb
Exchange for the week beginning on Saturday
February 28, and ending the current Friday, March 5. It is compiled from daily reports of the Curb Exchange itself, arid is intended to
include every security
stock or bond, in which any dealings have occurred during the current year.
J
whether
RANGE
Week's
Friday
York
Exchange
Curb
Range
Low
Acme
Wire Co
Adam
Aero
Inc
Surpass
Shoe
Air
Investors
Inc
3%
2.%
1,000
3%
3% Mar
5%
Jan
Jan
6%
2%
2%
2%
1,100
1%
Jan
2%
Jan
12%
12 J/4
12-%
600
1
6%
6%
6%
(N J)
Convertible preferred—
lAireon Mfg Corp common—
Amer dep
Amer dep
800
13%
7%
Jan
3%
Jan
Feb
1
1
1%
3,400
%
Jan
British Columbia Power class A
Class B
1%
Alabama
Alaska
Alles
Power
2
,21
Rubber Co
1
common—
100
2
Jan
3%
Jan
Bruce
(EL)
Co
Mills
Ltd
5%
Feb
6%
Jan
80%
83%
130
79
Buckeye Pipe Line
Feb
83%
Mar
100
92%
93
175
87
Jan
93
2%
3
600
<fe
Fisher
Allied
Investing Corp
Products
Altorfer
Bros
Aluminum
$3.75
(Mich)
Co
Co
cumulative
Aluminium
American
Ltd
preferred
American
Car
Beverage
Light—
&
.
Hoe
Laundry
Class
10.700
17
2%
Feb
100
1%
,,
7
18%
35%
111%
Feb
109 %
Jan
1%
1,100
Feb
2%
Inc
Anplo-Iranian
43%
16
Feb
18 %
16%
300
29%
Feb
32
1,400
15%
Feb
17%
31%
Jan
32 %
15%
400
14%
Feb
16
3%
3
9,800
30 %■
18%
20%
3%
3'%
3%
U
3%
Feb
23
Jan
51
36
Feb
' t.
15,100
to
Jan
1,850
42%
Feb
48
700
4%
Jan
5'
500
7%
Feb
9
7%
7%
400
6%
Feb
8%
100
5%
Feb
6
17%
Jan
17%
Equipment Corp
3%
200
9%
500
8%
Feb
10%
300
98%
Jan
103%
3%
4
Jan
400
4%
Feb
5%
4%
1,200
4%
Feb
6 %
7,900
4%
Feb
6%
10%
10%
1,300
10%
Jan
10%
dep rets reg__,
of
& Tel
_£l
Atlas Corp warrants
Atlas Plywood Corp.,,
20
J.0%
112
300
14%
Feb
113
Jan
10%
Feb
13%
Feb
15%
Jan
500
-
%
V
,6%
common.
"5
.
;
7%
Jan
Feb
8
-
—
Jan
4
Feb
Jan
1
Jan
8%
Feb
54%
4%
5,200
3%
Feb
27%
1,300
24%
Feb
5%
500
7 %
1,000
5
1,300
100
2% Mar
Feb
3%
Jan
18
Jan
19
Jan
Feb
3%
Feb
12%
Feb
12%
Feb
xl4% xl4%
25
14% Mar
x
xl4% Mar
Feb
10%
Jan
Feb
10
Jan
&
pfd.
Light $5
Biscuit
l'/t
1%
1%
35
1%
1,400
35
25
9%
9%
4%
300
49
x50
Feb
Jan
42%
Jan
Jan
8%
1%
Mar
35
700
4%
•
—1
Co—
9%
Feb
6
Jan
53
Jan
4% Mar
49
50
Feb
108%
r4%
4%
~4%
Jan
110%
Jan
4%
Feb
6%
Jan
2,200
Y
>
2s 6d
—.1
10%
Co
Feb
Feb
6%
6
6%
4,000
76%
120
6
.
11% Mar
7%
Jan
35
Mar
Jan
Feb
8%
Jan
Co—
76
-100
1
Products—
100
5
--1
common
8%
Charis Corp common
Cherry-Burrell common—
Chesebrough Mfg common—.—;
Chicago Rivet & Mach.
Chicago & Southern Air Lines
10
5
10
58
56
58
13
13
13%
13%
trust ctfs...
Feb
19
Feb
85%
8%
21,200
14
13%
80%
■
9%
Feb
Jan
Jan
Jan
Jan
250
13
Feb
17
Jan
140:
54
4
3 %
73
Jan
Feb
16%
Jan
12
90
200
Feb
12%
Feb
13% Mar
11
Feb
13%
"4
2,400
3%
Feb
4
100
7%
Feb
8%
21
21%
300
21
59%
61%
475
16
16
12%
60
Jan
'
7%
7%
4
*
•*
8%
13%
Jan
16%
1%
75%
84
2.50
America
of
9%
5%
31
1
Light 4% pfd
South West Corp..
Co
1.000
10
Power
Aircraft
11%
—•
& Co
Chief
Consolidated
Jan
Mar
Mar
Jan
13
Jan
25%
Jan
59% Mar
70
Jan
100
15%
Feb
18
Jan
600
5%
Jan
6%
900
5%
Jan
6% Mar
1%
900
%
Feb
1%
6%
5%
6%
6
5%
1
1
100
Mining
SChilds Co preferred...
Service common
Jan
10
Cities
't
4%
Jan
%
Feb
6%
Feb
7%
Jan
City & Suburban
10% Mar
15%
Jan
Clark Controller Co
1
25%
Jan
17%
Jan
Clarostat Mfg Co
Claude Neon Inc
1
6
2%
19%
2 %
18
*
preferred
Voting
900
9%
common
Maine
&
7%
6% Mar
■(,
Jan
5%. Jan
30
2%
,
1
Ltd—
Chamberlin
Jan
1%
.
Feb
3%
53%
'
8%
Feb
26%
5
*
75
\
-
7% Mar
>-.3%
27%
Feb
7%
2.50
'
—i
City
Stamping
Auto
100
35
102
33%
12
,
35%
99
14,100
Feb
31%
40
,
Feb
115
Jan
Jan
38%
Jan
12
200
11% "Feb
9%
Feb
xl4%
14%
300
14%
Feb
1%
1%
100
1%
Feb
2%
Jan
1%
1%
6,200
1%
Feb
2
Jan
5
12%
Jan
9 %
Jan
■
7
>v7,'>".
f.
10%
.25
new
3%
7
3%
'
-H
Corp
100
"
Inc.
Machine
& Sons
preferred
Ayrshire Collieries
3%
.50
6%
200
%
6%
-1
:
7%
%
„
Jan
6%
—•
1
Corp of America
Cessna
Jan
12%
3,400
7%
—
'
-
4
Products
Automatic Voting
112
14%
class A__
Atlantic Coast Fisheries—__
Atlantic Coast Line Co
Steel
10%
1C%
America
Jan
2%
9
preferred—100
7%
preferred
—100
Conv pfd cpt div ser.
100
Conv pfd opt div ser 1929
100
Gentury Electric Co common
10
Industries—
Laundries
5%
Jan
—100
Power
(A M)
Central
Jan
14%
Feb
•■•7%
ICentral States Elec 6%
Jan
1
3%
*
dep rets B ord
(J W) Co common
3.50%
Jan
5
2.50
400
2%
-•
Central Power &
Jan
4%
4%
112
4%
•
•
Central Ohio Steel
Jan
4%
:•
Jan
Ltd—
Central
Jan
9%
4%
Jan
12%
Alcohol—
Co.
Co
Jan
101% 102%
4%
4%
4%
Refining Co
Associated Electric
Carter
Castle
Jan
•
.
3%
Feb
;—*
preferred
Casco Products common—-—,
Feb
•
Light $7 pfd
Amer
Jan
5%
£1
common
Feb
12%
3%
Catalin
5%
3%
<fe
Carreras
Jan
9%
U J»n
2%
100
-20
;
preferred
Carolina
Jan
8
102%
Feb
400
*
Ltd common
voting
Carr-Consol
Jan
4%
non-voting
Arkansas Power &
(B F)
%
7%
l
%
2%
12%
4
Jan
4%
100
13,600
Jan
18
Jan
13% Mar
,.
13% Mar
Ltd
non-voting
Carnation
'4% Jan
% Jan
1
preferred
American
25"
10
Common class A
Co
Industries
Carman
36%' Jan
< '■
Feb
44%
u
Ltd—
Arkansas Natuial Gas
Associated Tel
3
5
1
&
v
18% Mar
2
Manufacturing Co
Appalachian Elec Pwr 4%% pfd
11%
2%
4%
1
5
Carey Baxter & Kennedy Inc
Jan
800>*
B
7%
Jan
X30f- Feb
300
2,000—
Corp
Capital City Products
'Jan
■
A
Canadian
Jan
__5
Apex-Eiec
Feb
Jan
17% Mar
12%
—
1
Canadian Marconi——
Feb
17%
l
49 %
Jan
16%
200
%
Feb
11
1
Power
Industrial
Class
Jan
3%
20%
,
1,200
14
43%
/ 9Vs Jan
-17% Mar
;•
-£l
Canners Ltd
Class
Jan
15%
pfd_.
preference
Canadian
Jan
600
10c
reg.
16%
13%
U
Insurance
Convertible
Jan
16
32
2
Argus Inc
Oil
%
15%
32
44
Co
Bread
Canadian
Jan
common.
Oil
Fire
6 % %
Jan
lo
dep rets ord
Tungsten
Jan
31*
Products
Electric
Canada Cement Co
Jan
40
Feb
A
com
250
400
2%
25c
dep rets 5%
Canada
Jan
45
Corp
Jan
23% (Feb
Feb
7
500
17%
11%
16%
—
.
Jan
Feb
Jan
3%
46
11
■'
12%c
common
Sugar Estate
California
Callite
Jan
16% Mar
31
2
class
H)
Camden
41
Co
Chem
(P
Calamba
Jan
33
l
Jan
2%
Jan
Jan
Cables & Wireless—
Jan
90
25
25
20%
600
17%
11
Cable Electric Products common—,50o
Jan
2%
Feb
5% Mar
200
7,000
•
Angostura-Wupperman
Avery
1%
85
50
6%
Feb
25
16
Co
7%
45
—
•
Ring
American
1%
400
2
85%
30%
Post
Automatic
2 900
1%
20
Republics
Associated
Jan
*
Angerman Co
Aro
180
33
_25
American Thread 5% preferred
American Writing Paper common—
Ashland
Feb
41
$6 series preferred
6 %
155
1%
_25
Potash
Amer Superpower
Amer
750
38
American Seal-Kap common
Anchor
172
16
Jan
2
16%
Jan
41
B
American
Jan
xllQ.% 110%
25
Jan
Jan
13
34
1%
American Meter Co
American
25
.1
Mach—
Products
96
,
.1
American Mfg Co common—
American Maracaibo Co
Metal
Feb
100
33%
110%
10c
preferred—
American
22%
Feb
5%
33%
100
American Light & Trac common
6%
92%
250
,
16%
10
Feb
2%
Jan
Feb
1%
5?/4
12%
Jan
61%
9
1%
*
common
American General Corp common
22
Feb
1,650
85
1
$2 convertible preferred
»,/• $2.50 convertible preferred
American Hard Rubber Co
Mar
(
^
.
preferred
American
1%
100
&
14
50
11
165
,_1
American Gas & Electric
4%%.
172
1
B———...
25
22%
9%
Feb
Feb
2,300
400
7%
—*
Corp Amer dep rets
Biscuit Corp
2
22 %
Jan
94 %
22%
•
common
20
3,300
52%
93%
Co
American Cities Power
American Fork
51%
♦
American Book Co
Class
52
100
_*
common
common
Bantam
Burry
Feb
;
14
-.14
common...*
Aluminum Goods Mfg
Aluminum Industries
Jan
Piston
Butler
•
America
Burma
6%
Feb
_5
'
.—1
Burd
Jan
18
7%
2.50
Jan
1
5
common
common
of
6%
1
common
Allied Internat
common
Bunker Hill & Sullivan.
3%
Jan
Jan
20
2
21
700"
2%
13%
2%
—
•
>50
pfd
Jan
Feb
—
1
2%
Inc
18%
__
•
!
1
4.20%
Airlines
Feb
12%
__
Brown
Jan
High
15%
__
—
Forman Distillers
5%
2%
Low
"
11
£1
2%
Alabama Great Southern
J.
Range Since January 1
High
£1
10 s
5%
Appliance
Low
__
;
dep rets ord reg
3
preferred
Electric
Shares
*
rets ord bearer
Bruck
60c convertible
Air-Way
for Week
Brown
—10
50c
10
Sales
Range
of Prices
Jan
6% Mar
3
-
Co
rets ord reg
Celanese Ltd—
British
"
<■
Tobacco-1-
Amer
12% Mar
2
common
Feb
Oil
British American
Jan
32
Week's
Last
Sale Price
Exchange
British-American
Jan
5%
stock—
Curb
Par
Jan
31%
Stores—
York
High
Feb
-1
-1
*
5
common
Associates
Air
100
New
-10
,—
Supply Mfg capital
Agnew
Ainsworth Mfg
Low
2 V4
3%
3%
1
common
Hat Stores
5
STOCKS—
Range Since January 1
High
2V4
Alloys,
MARCH
Friday
Shares
Par
Aluminum
ENDED
for Week
of Prices
ACF-Brill Motors warrants
Acme
WEEK
Sales
Last
Sale Price
STOCKS—
New
FOR
11
200
15%
24%
15%
200
Feb
15%
"r
•V—
__
com.. -3
Feb
Clayton
&
10
Homes..
1
common
Lambert
4
Mfg
Clinchfield Coal Corp common
.......
xl4%
20
"l%
8
8
30%
Jan
100
Mar
10%
24
Jan
30 %
Feb
100
30%
8
1,100
8
29
16
6
Feb
7%
Jan
Jan
^
Club
B
Babcock & Wilcox Co
54
7%
50%
__
Baldwin Rubber Co common
Banco de los Andes—
American
Barium
Barlow
Basic
shares—
Corp
;
Seelig Mfg—
convertible
Refractories
Bauman
(L)
Beck
(A S)
Bellanca
Tel
Benrus
Benson
of
&
Hedges
Convertible
Berkey
&
Blue
Blumenthal
Bohack
IVe
common.
100
15
Feb
5%
100
p%
10%
Feb
5%
5%
100
5%
17
Jan
75
14%
Jan
14% Mar
14%
2
128
15%
-
2,600
2
500
1%
6
13%
270
127%
400
8%
Co—
Southern
Jan
Consol G E L F
17
Jan
ext
to
Feb
7 %
Feb
Jan
~3%
_3%
2,200
3%
Feb
4%
Jan
30%
31%
250
29 %
Feb
33%
Jan
•
4%
Feb
4%
4%
200
32
19,700
y,j" Jan
250
25% Mar
ut
25%
25%
26
,.
Jan
5
32
Jan
Jan
28
G%
1
6%
150
6%
Feb
7%
Jan
"
Jan
2%
Jan
64%
65
500
preferred
series C
100
—100
109%
109
110
90
107%
Jan
111
Jan
102%
102
102%
80
100%
Feb
103
Jan
Utilities.
1
8 %
8%
1,000
8%
Jan
9%
5
Consolidated Royalty Oil
10
Consolidated Steel Corp common—_—•
74%
74%
1,200
72%
Feb
80%
Jan
200
2%
Feb
3%
Jan
Jan
4%
preferred
Jan
Consolidated Gas
10%
Jan
Consolidated
Jan
19%
Jan
Jan
33
Jan
136
Feb
18
Textile
Jan
Continental
7%
Feb
8%
Jan
Continental
Fdy &
Jan
7%
Jan
Cook
&
3%
Jan
Cooper
Feb
2%
2%
17%
2%
3,200
17%
1,100
120
122
17%
Jan
8%
250
Jan
Jan
Copper Range Co
Cornucopia Gold Mines——
Feb
43
Jan
Coro Inc
125
60
120
Mar
26
Jan
9%
26%
26%
30
Feb
11
Jan
$1
13%
13%
3.400
13%
Feb
15%
Jan
Cosden
600
8%
Feb
9%
Jan
^
'
■
—
8%
__
9
10
22
—
10
10
200
—
—
.
8%
15
Feb
—
—
27%
23
Jan
Jan
Feb
10
Feb
Feb
16
Feb
•
—
—
63 %
-
8%
74
2%
2%
-
63% Mar
70
Jan
32
31
32
1,500
29%
Feb
32 %
11%
11
'11%
1,200
10
Feb
14 % Jan
2%
300
2%
Feb
1
11%
12%
600
11%
Feb
*
35%
36
150
35% Mar
2%
2%' Jan
13%
Jan
40
Jan
Jan
17%
10
■
13%
Co
2%
1
Corp
Machine Co
Varnish
33%
'
_.
35
Car-Na-Var
Feb
"
—
10c
Co
2%
'
33%
Paint
& Smelt Ltd
Mining
7
*
Class. A
6%
Bait common—;——*
100
...
•
25
1956
series B
4%%
Feb "
17%
•
•
Jan
7%
Compo Shoe Machinery—
33
•
Co
5%
Jan
1
:
Jan
200
25
common
Feb
6%
'
7%
121
Brillo
Inc
&
Community Public Service—
8%
100
Bridgeport Oil
3%
5,000
,
Jan
8
•
1
Jan
1,500
7%
warrants-
Commodore Hotel
Jan
7%
*
Light & Power
9%
4%
6%
25
Manufacturing
~8%
—-
—
—
Colt's
— —
1
Co
Feb
3%
7%
"3%
warrants
19
_.
l
common
page
1
1
Colonial Sand & Stone Co
6
Jan
9
1
3
see
<
Consolidated
Inc
7%
4
ordinary
Airlines.——-———
Jan
Jan
129%
8%
—
common
footnotes
•
common
Development
Colonial
Jan
'
■
Corp common
Bridgeport Gas Lignt Co
For
5%
Feb
10%
— —
Breeze
Co
11
■'
6
,
Vtc
—1
<fc Mach Co com.*
& Co
Traction
Mfg
4%
Jan
5%
Vv
1
common
Co
Plow Co
6
*
Co
'
common
& Co
Scrymser
Bourjois Inc
Brazilian
8,500
16%
.100
1st preferred
Borne,
"4%
—1
common
(S)
(H C)
Jan
10%
/ '
i
—1
common
(Philip)
14
9%
—
Furniture
Inc
Ridge Corp
Blum
1
—1
Inc
Birdsboro Steel Fdry
Blauner's
—3
preferred
Gay
Bickford's
Jan
Feb
Cockshutt
Jan
35%
Commonwealth
common
Co
53%
Jan
"4%
4%
Canada
Watch
Feb
34
16
;
common.
Corp
Aircraft
45
250
10%
common
Ties
Shoe
'
Products
Colorado Fuel & Iron
Inc—
& Co
Beau-Brummel
Bell
A
—
1.600
v
_
Steel
&
$1.20
34%
Colon
preferred
,
54
34%
—
Baldwin Locomotive—
Alum
--
—
Brewing
Corroon
:
&
class
convertible
preferred
1,600
3%
1
5%
50
8%
Feb
4.100
2%
Jan
Jan
11
Feb
10
%
Jan
Feb
11 %
Jan
3%
3%
2,100
3%
Jan
3%
14%
1
*
A
common—;
550
%
Jan
14%
300
13%
Jan
14 %
5%
5%
5,700
4%
Feb
6
Jan
Mar
51
Jan
"51
48
48
40%
38
41%
8,000
1
1%
4,400
75
48
Jan
Feb
Ltd—
American dep
Croft
9%
10%
5c
10'
Reynolds
Petroleum
Courtaulds
Creole
2%
common.—-—--1
—
preferred
5%
Co
receipts
Petroleum..
Brewing
Co
4%
(ord reg)—£1
3
1
1
37%
1
Feb
Feb
Feb
4%- Jan
43
1%
Jan
Jan
35.
/
Y
Monday, March 8, 1948
FINANCIAL CHRONICLE
COMMERCIAL &
THE
(1068)
ENDED MARCH 5
FOR WEEK
RANGE
EXCHANGE
CURB
YORK
NEW
Last
Curb Exchange
York
New
of Priees
Shares
Crown
Godchaux Sugars
5%
100
5%
Feb
1,400
574
Feb
7%
Jan
Jan
15%
Jan
15
150
15%
3%
3%
1%
200
••
Jan
Jan
Goodman Mfg Co
'
Jan
33
5,400
16%
Feb
19%
Jan
2,060
102%
104%
9%
Jan
Jan
—10
17
16%
16%
8
14
>
Feb
Feb
Feb
9%
Jan
200
14
Feb
16%
Jan
9
14
8
4%
9
14
■m
-2.&0
,
Mfg common.
Graham-Paige Motors $5 conv pfd—25
Grand Rapids Varnish
—
1
Gray. Mfg Co———
—
8
f
,
Great Atlanta * Pacific Tea—
nonvoting common stock.
•
i .v
-boo
Derby OH Co common
Detroit Gasket 8c Manufacturing
10
Jan
19%
6
v
"5%
"9%
_1
Dobeckmun Co common
Dominion Bridge Co Ltd
2%
Jan
23%
Jan
<13%
Jan
Feb
6%
Jan
5%
9 % Mar
12%
Jan
Hecla
4,300
2%
Feb
3%
Jan
Helena
73%
3%
12%
Feb
Jan
Holllnger
76% Mar
Jan
75
Jan
8
Feb
14
Jan
700
3%
Feb
47/b
300
12%
Feb
14%
prior preferred
6%
preferred
Eastern Malleable Iron
41/»%
Jan
Jan
A
b
Eastern Sugar Associates—
Com,shares of beneficial lnt
$5 pfd shares of beneficial lnt
$7 preferred series
$6 preferred series
/
9%
9%
10%
—
Feb
12
vjfeb
8%
9%
11%
pfd.
Equipment.
Equity Corp common
$3 convertible preferred—
Esquire
&
4%
Feb
3%
700
Feb
19
5%
Jan
22
15%
Feb
17%
Jan
Feb
45%
Jan
92
Jan
98
Feb
Inc
...
Eureka
Corp Ltd
Pipe Line common
30
8
400
1%
.
Jan*
8%
Feb
12%
1%
Jan
Feb
6% Feb
44 %
Jan
8%
Jan
3%
Jan
41%
1,500
2
5,400
fo Feb
j a 11
<
■
*
1
Falrchlld
1
1
Engine 8t Air Diane
Falstaff Brewing new com
(Phlla)
Association
Fire
First York Corp common.
54,100
4%
15
Jan
16
Mar
10%
Feb
14
Jan
48
46%
48
120
46
Jan
48
>4 Feb
2%
1,900
2
Jan
34%
175
34
Jan
37
Jan
.
16%
Feb
17
2%
2%
34
—
—
Pord Motor of Canada—
Class A non-voting
Class
B
16%
voting
Ford Motor of France—
Amer
dep rets bearer-
Fox
77/a
8
Fort Pitt Brewing Co
7%
4%%
7%
Franklin
Fuller
A)
700
27%
—1
Stores
(Geo
8%
1
Feb
'
5%
preferred.
Gellm&n Mfg go common.
General Alloys Co.
General Builders Supply Corp.
5% conv preferred.
1,800
,,i
V.''
I
-
774
'
:
4%
;
-28
Jan
i
Jim
rets ord reg
General Finance Corp
<
5%
common.
preferred series a
6%
—1
1
General Plywood Corp
1
General Public Service $6 preferred—*
General Shareholdings Corp com——.1
$6 convertible preferred
•
Phoenix
.
Jan
<
Jan
'i
6%
■
■•
30%
Jan
Jan
15%
14
15%
93
—
1
Gilbert
•
(AC) common
•
•
Preferred
Gilchrist
Co
Gladding McBean 8c Co.
Gleaner Harvester Corp.
Glen
Alden
Inc
3%
17
52 74
—
—
3%
17
53%
~
Brown
22%
16%
23
19%
20%
xl6%
14
27
Feb
41%
Feb
Feb
44«A
Jan
31%, 31%
'
200
40
__
Jan
148
Jan
35'/4
105 Vo
10%
11
43%
,
Jan
Feb
x37
Mar
3ys Mar
4»/b
Jan
9%
Jan
12%
Jan
100
V
41%
Feb
44
Jan
5
Jan
7%
Jan
42%
Jan
Jan
Feb '
4%
•
,
*
35%
35
...
200
;
5%
175
6%
6%.
Jan
400
43%
■
78y2
Feb
X65
500
3%
3'/a
108
22 y»
4,200
71%
68
Jan
290
36 % x37
43%
34%
,
•
"
Feb
2% Jan
Feb
16
200
17%
,26%
' 26%
Jan
25
Feb;
;
26% Mar
Jan
2,000
25%
Jan
53%
54
400
52%
Jan
54%
11%
11%
850
11
Feb
16%
Jan
.s 1,500
5
Feb
5%
Feb
Feb
13 %
Jan
HVb
26%
11%
Feb
13%
9%
Jan
10%
Jan *
Jan
13%
Jan
94 Va
Jan
5
5
12
11%
12
:
.■■:
-
11%
10,500
r.
;io%
10 VB
soo
v
f
Jan
1
4%
,
Feb
}
25
Jan
Feb
8%
Jan
'
■,
8
53V
53:
200
'
'
97% Jan
15
' Feb
Feb
13 Vb Feb
'
200
53
Feb
92%
.:
Feb
52%
.
!
Jan
13
Jan
10
10%
10V4
200
10%
Feb
12%
Jan
10%
10
"V
Jan
23%
M"t
10
7,500
58 %
'
Jan
•23%
15
900
13%
Feb,'
17
Jan
1%
800
1%
9v2
100
14%
14 %
.1%
^ 9 V2
i
Jan
■
11%
Jan
; i
8%
Jan
Feb
"iy8
Feb
1%
Jan
16»/2
Jan
18 Ve
Jan
\
300
47/« Jan
5%
Feb
"}.■
500
"1%
■
18
5%
5 V'8
.7%
800
If*
Feb
1
Jan
400
7%
1%
17%
III
i,
278
py2 Mar
■
1
Feb
500
7%
■
,1%'
-1
ctfs_.
-
*903/2
.
B
vl2
.
.
'
A
Co commonSulphur Co—
Jan
8
Feb
■35%
Jan
100%
Jan
3%
Feb
5%
Jan
Feb
18%
6
Feb
9%
Jan
1,300
4%
Feb
6
J a 11
4%
Feb
5%
4%
Feb
5
200
s
4%
common..
434
47/b
800
4%
Stores
4%'
4 V2'
1U0
122
'
22
,
50
.
Jan'
Jan
25%
Mar
22 '
-..•••
Jan
8%
9%
-1
11%
11%
*
Kimberly-Clark Corp— ", ...
4% % preferred
100
Kings- County Lighting 7 * pfd B__.100
5 % preferred D
——.—
JOo
%
8%
-
8
•10
,,100
L;\i
i.1
30'
"
.'/38.V1
ZZHZHl
1
Klein
,
CD' EnedDff
■fffeduimmon
>1
4.
v
-38 '.2
738% ,i
^5% V
r-
37%
*
. ■
3.100
700
14% Jan
<■*.'' ;-;l »V Jan
W->14
• ■
Jan .7
.
,14%
%
4V4
•
■/
,
i
Jan.
£
Feb
117«
Jan
> ;
;
i
,
{
13%
14%
:
*•'
KapttrCorp co
6% Feb
Jail /
17%
./a
% v> 800
,j
Janf ;
96
Klelnert (I
.irrtlsiiilw Stores
/ .Jan
;t- Jan
53
:.v;-V^-v';'.',12%';Feb
150^
Jan
Feb
,r103
i"
Jan *
Cr-i',-13 ; /Feb
'1,900
>3% Feb
-
7
-9%
lOi/2
.
Jan; \
<lDl
Feb
16
Jan
9
,
■-.-*'"v. -45% Feb
%.
Jan
'4
Feb
8%
100
10
Jan
Feb
14
Feb
15 Vb
5
*
—5
—
'XSy*
11% Mar*
200
•
125
123% Mar
50
11'/a
Feb
8'/b
55,800
y%
123% 123%
123%
Electric 1% pfd.—-100
-
Jan
23% Jan
8%
Jan
Jan
—Feb
i-i
<
-
Jan
Feb
67
5%
r5'-^
5%
Kingston Pro ituels
Kirby Petroleum
Kirkland Lok*Ltd—
Jan
Jan
.650
%
95
'
Feb
Feb
Feb
9395%
13%;',.: 133s 13%
11% Mar
500
■1%
Key Go common
Kldde ^Walter > & Co
j
2%
.
11%
11%
,ii%
.10
-
99 y2
Jan
Feb
3%
Jan
91% Mar
96%
Ksueger .Brewing Co
Jan
2%
X14%
Laclede-Chrtsty Clay Products
2,100
..
31% Mar
50
;
.
?
K
'
Jan
95
'
50
140
20
140
140
10%
Kalser-Prazer Corp
117
Jan
Lake Shore Mines
Ltd
Jan
Feb
110%
Feb
Feb
5
Jan
Lakey Foundry 8c Machine
Lamson Corp of Delawar
Jan
Jan
i8v2
Feb
53% Mar
11
Feb
12
Jan
Class B
Monotype Machine
Ext Jniversity
300
21%
Feb
25%
Jan
2,400
18%
Jan
21%
Jan
Lefcourt Realty common
Jan
Leonard
Jan
Le Tourneau
17
1,400
14%
Feb
14
100
13%
Feb
14%
Oil
1,700
,
■
200:
500
Jen
16
_
Feb
Jan
11%
*6 V4 Jan
874
Jan"
7%
Feb
8 74
2074
Jan
Development
(R G>
Inc
t
Jan
23
Jan
27%
Jan
28
22
Feb
'24,
Feb
21
v
1
Jan
18%
•
Jan
175
200
Langerdorf United Bakeries class
La Salle
21%
Feb
9%
800
Lane Wells Co common
3%
16
52 74
Lanston
.2.80
Feb
3 %
[
9%
—
Coal
Glenmore Distilleries class b.
Globe-Union
•
3%
17
Jan
24
200
27
26
.50
110%
Giant Yellowknife Gold Mines
4
2>/8
114
preferred.
Feb
Julian 4s Kokenge Co—
f
13%
——
•
3%
■
Jan
86
Feb
98
800
91%
Feb
27
..
Georgia Power 46 preferred.
$5
Jan
7%
10
2,100
■
93
10%
t6%
t
500
31%
100
100
i
12%
Feb
8%
ii,
;
3%
3%
<
,
3%
Feb
9%
Feb
23%
__
1,400
100
Corp
•
..
6%
ip*
31%
■./•.
106
'
•
3%
900
8%
-10
General Pireprooflng common.
General Outdoor Adv 6% pfd—100
General
•
—
Jan
c.8%
Preference
7'% Mar
1% Mar
1,200
8%
8%
-41
7%
500
2
General Electric Co Ltd—
Amer dep
9
.
84
7%
1%
4%
hi
Jan
9%
Glass
Jefferson Lake
*—
<-
.100
55%
Feb
634
Jeannette
*
»
Gatineau Power Co common.
Feb
7%
54
;
Feb
Kansas Gas 4s
10
9%
10
Jan
7
52%
71%
preferred
Kennedy's Inc
common
''
250
.5
Kawneer Co
Corp
Feb
1.000
•
Irving Air Chute.
G
Garrejit
Feb
_6%
'
30
Feb
9 74 Mar
400
9%
974
9 74
Co
Jan
97j/2
200
6 74
%
17..,;
Royalty
Fireman Mfg voting trust
Italian Superpower
Jan
19
Jan
7%
Iron
Feb
8%
Feb
7% Mar
300
-80
preferred
conv
7%
*
Feb
2
12% Mar
400
13
12%
12%
.1.28
(Peter) Brewing
Franklin Simon & Co Inc
]
Investors
19%
'
Feb
7%
300
•8
,
10 %
Feb
•
shares
Interstate Power $7
r
'
18%
Jan
1
1,400
1%
1
j;
5%
Jan
18%
200
18
17%
—
2%
4% Mar
1,300
4%
4%
Jtl
Feb
96 V*
;
x3%
International Utilities common—.—
J.,100
3,300
$1 Stores.
rets ord reg_
Jan
16
12
Ford Motor Co Ltd—
Amer dep
Jan
4%
15%
—1
Jan
9%
10
200-
97
8 74
35
International Safety Razor
>
11
Fishman
5c to
3%
■;
Jan
12
Jan
16
.100
div cum preferred—
(M h) Co—
$2
9%
1,000
11%
3%
4%
11%
.
_•
International Products.
■
1114
•
10
Metallurgical
Pansteel
11%
Jan
Jan
Feb
Feb
10
IlOO
convertible preferred
Registered
1F
Palrohlld Camera 8c Inst Co.
'•
50
53 %
International Hydro-Electric—
—50
Preferred $3.50 series
International Metal Industries A
International Petroleum coupon shs.
1'
11
"
'
11%
Jan
28%
1%
2%
!
Feb
11
53%
—
Jan
Feb
;v 11
100
—
I
s
10
Feb'
10
;
Jan
Jan
8y4
700
700-
r
1010
Imperial Chemical Industries—
—£1
Amer dep rets registered
Imperial Oil (Canada ) coupon
Registered
Imperial Tobacco of Canada
—8
Imperial Tobacco of Great Britain
■"""."..4k Ireland
£1
Indianapolis Pwr 4k Light 4# pfd—.100
/ insurance Co of North America,
10
International Cigar Machine—
*
Jan
3,700
7%
2%
-10
Feb
67/b
200
■»
42
7
—1
Eureka
s5
41%
1
Feb
Jan
8
16%
Mar
14
900
10%
97
Illinois Zinc Co common
900
11%
1
2% Jan
-
"
10%
*
Illinois Power-Co common.
2%
1%
1%
>•
Feb
1%
v.
J
8%
101
10%
•
Jan
Feb
11%
.8
-lOo
Derrick
Smsco
Jan
,r.?6% Jan
100.
14%
-
j
10-1
10%
26%
"
8c Hardart common
Mar
2%
7%
7%
1
14
•874
Jan
146
Feb
500
95
.100
3%
Jan
11%
Feb
126
preferred
Empire District Electric 5%
Empire Mlllwork Corp.
Jan
2% M^r
800
.400
•
Jan
56%
"Feb"
54%* Jan
Feb
200
16%
634
Jan
57/s
38 %
Jan
17
■2%
,'Vk:
Jan
9%
"
-Mar
'30
■-
•
5
Baking Co
4c Hardart
Jan
jan
20%
2%
20%
2%
Elliott Co common
5%
61%
42
20%
Jan
.
Feb
67/8 Feb
Jst preferred
Hydro-Electric Securities
Hygrade Pood Products—
65%
Feb
-
60
:v
Feb
Feb
16,600
4%
3%
,50
900
133
4
4%
■-<
".;.2>/.-
-
634
Huyler's common
Jan
11
225
;•
9%
10%
Inc——
Electromaster
11%
132
104
'
Jan
58
%
53%
100
50%
9%
132
•-
Jan
5%
:
300
-31 «-•
2-
1—10
Jan
Jan
57
.75
11%
Electric Power & Light 2d pfd A
Feb
2%
125
60
56%
50
1
1
Feb
79
300
56
100
-5%
5%
6
preferred.
Hubbell (Harvey) Inc.
Humble Oil 8c Refining
Hurd Lock 4c Mfg co
Hussman Refrigerator Co common.
$2.25 preferred
Common stock warrants
Jan
85
66%
725
59%
•
Mar
76
"2% "2%
Easy Washing Machine B
Electric Bond 8c Share common.
Option warrants
Electrographlc Corp
125
70%
68%
70%
28
——*
States Corp
Eastern
Feb
3%
500
4%
57
76
Feb
100
100
Consolidated g m—
Horn
4
76
*. 8%
'
*
•
Holly Stores Inc.
Holophane Co common
Border's Inc
Hormel (Geo a) 8c Co common—
Jan
12
25
79
3%
•
100
100
20
100
5%
East Gas & Fuel Assn common
200
II—2
Horn
Texas Sulphur
Duval
87 b
3 74
12%
4%
12%
12%
Test Corp common
Duro
Jan
8
dep rets ord reg
B common
Amer
.
preferred w w.
preferred w w.
Henry Holt 8c Co common
Hoe
(r) 8c Co class a
Jan
37
Dunlop Rubber Co Ltd—
Durham Hosiery class
^Rubinstein.
4%
Feb
75
76%
76%
76%
Mining Co
5%%
9%
36
10
—•
Co
Power
Jan
Mar
44V2 Jan
9% Jan
;i, 7% Feb
-•
9
25c
Class a.
66% Mar
375
67%
66%
Jan»
39 % Mar
1,150
40
%
3%
103
140
' Feb
91
■
135
90
2%
Heller Co common.
14%, Jan
Feb
11%
\
"
30
Dept Stores common
Hearn
1,900
9%
•
•
Corp
Driver Harris Co
Draper
225
1:
non-vot com—1
—1
Bakeries Inc
Hathaway
Feb
Dominion Tar 8c Ohem
Jan
Hartford Rayon comma
14%
100
'
51
Harvard Brewing Co—
Hat Corp of America 3
Feb
11%
1174
u'/e
28
Coal 3
Co Ltd
Dominion Textile Co Ltd common
Dominion Steel 8c
Duke
Feb
Jan
3
Jan
9
Hammermlll Paper
Hartford Eleotric Light
2% Mar
1074
2%
2%
Credit Corp class
Domestic
Hamilton Bridge Co
Jan
14%
41
7%
Feb
Ltd
Jan
Hazeltino Corpr,,
dep rets ord reg
Amer
Feb
7%
-
11%
12%
Distillers Co Ltd
6%
100
H
18% "feb
1,100
6
Jan
100,
*
—5
Co
Lamp
Hall
400
13
13
5%
—
.18%
77 s
38
Feb
1,000
100
Jan
Jan
65
,
*
Jan
10%
22%
10
9%
Feb
Feb ;.
12 v4
103 y2 103%
7% Jan
Feb
18
100
2%
20%
2%
2%
.800
Corp common.
Stores
Diana
;
Raynolds class B.
Devoe 8c
9%
3,200
20%
10
1
1
10
•
Foundry——;
Gray Iron
Detroit Steel Products
18%
20
4
35%
Feb
600
10
-100
debenture
Detroit
"9%
"9%
I
7%
Jan
6
6%
.
50% Mar
Jan
Feb
35
1
Brothers Inc
Dayton Rubber Co class a
Dejay Stores common
Dennlson Mfg class a common.
Davidson
8%
Jan
34
175
35
34
35
.2 jo
Davenport Hosiery Mills—
,
%
6
•
200
Jan
6%
38'
.25
Alabasttne
-Gypsum Lime As
Feb
100
/ 300
Jan
7%
iv
.100
Great RprtUism Paper.
Jan
%
56
.Mar
54
.
Jan
91
99%
95%
1'3&% 140
Grocery-Uteres Products common—25c
Gulf States Utilities $4.40 pfd
—100
37%
10
■
lat preferred.
7*
Feb
% Jan
6%;.
»
-
85
'-
'-14'".14%
■
2874
;.
'
6%<
-51%
*6%
Jan
Feb
10
54
54
Jan
Feb
22%
4,700
16
'50%
.-,<51%
10
Gorham
50
102% 102%
-100
85
<B
1
50
'
Inc class A—.
Go rham
Feb
85.
85
3%
50%
200
23%
prior
Jan
2%
100
2%
22%
2%
1% Mar
28
Crystal Oil Refining common.
$6 preferred
Cuban Atlantic Sugar
—
5%
preferred
Cuban Tobacco common
—
Curtis Lighting Inc commonCurtis Mfg Co (Mo)
High
Low
42
class a.
Class b.
$4.50
Range Since January 1
High
2%
2%
preferred.
Goldfiel<T Consolidated Mines
3%
Feb
374
1,600
1%
'
3%
_2fio
common
Co
Gob el
jan
5%
15
International A_
Cork
Drug
Crown
Jan
7
572
Crowley Mllner & Co
—
Crown Cent Petrol (Md)—--
Shares
(Adolf) Inc commoi
7%
5%
Inc—
Crosley Motors
for Week
Low
Feb
674
600
Range
.of Prices
High
Low
7
6%
6%
stocks—
York Curb Exchange
New
Range Since January 1
High
Low
Par.
last
Sale Price
,;
for Week
Sale Price
stocks—
Range
Sales
Week's
Friday
Sales
Week's
Friday
Jan
6
100
5.300
1,700
Feb
6%
9%
Jan
1
Feb
1
1574 Mar
Jan
Jan
10
%
Jan
19%
Jan
■■
Volume
Number 4679
167
•
.
THE
:
COMMERCIAL
YORK
NEW
ranch;
Friday
Curb
Last
Exchange
Range
Materia]
Lionel
Groceterias
Class
Locke
Lone
18%
18%
200
8%
8%
400
100
Chain
Gas
Common
ctfs
of
21
Jan
30
Jan
8%
Feb
Ohio
Feb
23%
Feb
Ohio Power 4y2%
Feb
22
Feb
Oklahoma
Feb
26 y2
Jan
Old Poindexter
Louisiana
Power to
Lynch Corp
100
20
4.9Q0
18
Feb
20%
8ya
Jan
%
Jan
1
13%
—1
Light $6 pfd
:53
3.00
16%
15%
53
Mar
•
60>
15
1,0
Maine
Co
Public
dervice
Stores
Feb
18%
Feb
112
J15
Feb
',118
(The B)
"
-10
International
Communication
Co
16%
.
.16%
,
400
36%
Power
Massey
Harris
McAleer
5%
Mfg
Co
$2.50
Co
i—1
,
"
"
—
Merritt
>
Messabi Iron Co
Metal Textile
;
;
Scott
to
Feb
2%
Feb
8%
Feb
13%
Corp.,
Oil
Midvale
Co
Midwest
pfd_,
conv
Wohl
4%%
Co
Jan
Feb
:
3%
100
3%
%:''
7%
Loan
Montana
600
5%
i
'
7: 8%
14,900
7%
25
■'&'
4
iS'/,
25
20
1;
750
4
18%
•—77
•~2
•
7%
Mountain
States
8tates Tel
"•
;
Jan
Feb
22%
Jan
Prentice-Hall Inc
Jan
4%
Jan
Pressed
-Feb
13%
')
Feb
14
600
7
5%:
!
6%
Jan
Jan
5%
Feb
2%
3
300
'"V-.
2%
11
'
11
10c
3%
—5c
'
;;v"i -%
10
Muskegon Piston Ring
Muskogee Cp 'common
'■
30% *
98
0
V
•'"Li.
7—JL50
■
—^10
;,
■
'4y«%
•
13%:;
30% ''
28
....
'
98%
"
V:.v'12%
Namm's
Inc
National Bellas
'*
National
Hess
Breweries
commc
.-1
7% ):■ preferred—
National Fuel Gas.
11%
•25'7*
t:
;"ii%
"v'ft
.~X".
4
■*
-3
common.,
National Pressure Cooker hew com.—_2
National Radiator Co—___
National
Rubber
National
Steel
Car
100
5
Co class A_,
New England Tel & Tel.—
New Haven Clock & Watch Co..
4%%
convertible preferred.
Jersey Zinc
New
Mexico
New
Park
New
&
:
Arizona
20
Jan
Quebec
Jan
i*«
:
Feb
14
•6%
N
Y
Sc
6%
Feb
9%
Jan
Feb
28%
Jan
22
v/' 100
2%
22
Jan
1,000
2%
Jan
3,500
2
Feb
2%
Jan
1,600
xll
Feb
13%
Jan
Feb
41
213 Mar
Feb
60%
61%
300
58%
Feb
61% Jan
9%
9%
500
8%
Jan
lff%
Jan
Jan
4%
11%
11%
.
4
12%
Jan
15%
Feb
3%
Jan
4 Ve
Jan
11% Mar
1,200
1,000
'
Feb
14%
x3%
13%
Jan
5
10%
■
39%
40
"7
7%
11%
Jan
Jan
89
Jan
37
200
Feb
87
Feb
40
Jan
500
6%
Feb
8'/2
10%
600
9%
Feb
11%
Jan
1%
1%
1,400
1%
Jan
2Ve
Jan
9%
9%
100
9 Ve
Feb
.9%
9 Va
100
9'%
Jan
lo,'
-n.—
1%
"
-
Jan
'
'
'
**
•
10
Jan
9% Jan
97%
75
94%
Jan
98
Feb
95%
50
90
Jan
97%
Jan
39%
41%
13
13
41%
_
'
•
400
Feb
43
Jan
12
Feb
14
Jan
Jan
130
,
36%
100
8
S
10
82
Mar
60
144
Feb
Feb
,.L
•
8% Feb
•
'
82%
82
.100
146
83%
147
|
Co
Power
90%
151
Jan
Jan
13% Jan
L28%
Feb
Radip-Keith-Orpheum option warrants-
13 Va
Ja n
Railway 4s Light Securities-
•12%
Jan
Voting common
10
Railway to Utility Investment A
1
Rath Packing Co common
——10
Raymond Concrete Pile common,
•
R
Feb
15%
3&n>
$3 convertible preferred
Raytheon Manufacturing common
v
Feb
Feb
(3%
Jan
30% Mar
,'35%
.Jan
6
12%
14
Jan
Jan
15%
Jan-
400
-4% ;
"<
Feb
Jan
■
Feb
11%
15%
Feb
Feb
4%
Feb
2 Ve Mar
-.
"T 3%
Jan
3%
200
8%
Jan
11%
300
13%
Feb
14 y2
Feb
Co
Regal Shoe Co
Reis (Robert) k
Reliance Electric to Engineering
Rice Stix Dry
,
Rochester Gas to Elec 4%
New
Jan
Amer
Rome
Roosevelt Field
Cable
Corp common
4%
1.-2%
20
Jan
34
Jan
Feb
~5%
Feb
100
19%
4%
300
4%
Feb
2%
500
2%
8% Jan
Feb
20
20
"3%
"5% "3%
2%
5
20
-100
18%
25
21V*
Feb
►
3%
*
Jan
24%
Feb
Jan
Jan
5% Jan
Jan
27% Jan
3%
Feb
1%
1,000
Jan
2'/« Jan
Jan
92% Jan
48
1%
2%
11,800
91%
91V*
10
87
42
Feb
23
23%
300
23
Mar
10
Rotary Electric Steel Co
10%
Petroleum
Rowe
(The)
Co
Feb
12 Ve
Jan
Jan
64%
Jan
8%
Jan
Russeks Fifth
1%
Jan
.
4J/a
4% Jan
10
400
Jan
23% Mar
4%
4%
9
18%
19
7%
1
7%
19
Feb
10%
5%
Jan
Jan
8%
Jan
25 %
Jan
17
1,100
Jan
20
Jan
7%
1,000
Jan
8%
Feb
14%
1.25
Jan
14%
Jan
10
*
-
common
Ve
4% Mar
300
24%
10
Corp common
Ave
10
1
Royalite Oil Co Ltd
Feb
6
23
5
Jan
59 %
100
5
Inc
6
2.800
% Jan
£l
dep rets for ord reg
Jan
Mar
1%
20
~4%
*
4
1%
1
31
6,100
•
common
300
••
Jan
Feb
Feb
Royce Ltd—
Jan
5
pfd F
Roeser 4s Pendleton Ine
"'4%
-
6%
1
Valley Gas Co—_
(Texas Corp) v t c
Jan
100
2% Jan
17%
Rio Grande
92
1,400
5%
—*
Root
1,100
Feb 7
14% Mar
31
6%
1
Goods
Richmond Radiator
Jan
6%
1%
175
•
5
1
84
10%
17,700
f
%
————1
120
6%
1%
15
29%
•
Co
86%
61%-62%
14 y2
Feb
15V2 Mar
G
1,300
-17%
10
7 -Feb
8%. Feb
1,100
2% ■
Feb
•16
300
'
Jan
Feb
13%
I Reed Roller Bit
Feb
11% Feb
'•
700
34
33
-1%
14%
—
i- Jan
5%
-«2%
-
1%
Jan
10
Jan
Ryan
Aeronautical Co
1
5%
4%
5%
1,900
3%
Feb
1%
9%
77
Jan
Ryan
Consolidated
Petroleum
•
8%
8%
8%
2,700
8%
Feb
11%
Jan
Feb
10 y2
Jan
Ryerson to Haynes
common
1
5%
5%
5 Ve
300
5
Feb
6'/a
Jan
Feb
27
27
50
27
Feb
29
14
14
100
14
Mar
15
5% Mar
Jan
__io
Jan
Feb
Shipbuilding Corp—
Founders shares
1
14%
—1
7%
5%
1st
preferred
100
95 «/2
5%
2d
preferred
100
*+-
Class B optional warrants
14%
7
95%
106
15
300
14%
17%
Jan
8%
Feb
Jan
7%
20,500
7
Feb
95%
550
92
Feb
102
Jan
106%
20
104
Feb
117
Jan
St Lawrence Corp Ltd
Class A $2 conv pref
Salt Dome Oil Co
Jan
8amson
Jan
Savoy Oil Inc (Del)
Bayre to Fisher Brick Co
I."
U
%
Feb
United
—1
Corp common
com
Nipissing
5
iu:
—•
Nineteen Hundred Corp B
9%
8
9 %
8%
10
:
f 100
2,400
——1
Mines
8'%
~~\r "i
Jan
9
9'% Mar
12
11%
5
j
1
15
15
North Amer Light & Power
common—1
$6 preferred
;
•
15%
-7
i
/ -j
North American Rayon class A
34J%
34%
36%
1,100
33%
Feb.
34
34
35%
800
33%
Feb
3%
8,000
Noma Electric—
Class
B
common
Utility Securities
Northern Central Texas Oil.
Northeast Airlines
Penn
RR
♦
•
North American
North
Co
•
600
9%
...
270
'• £_
3 %
see
•
page
35.
Bcullin
Steel
(D A) Inc common
u_
99
99%
75
36V2
34%
36%
1,600
8 %
73 \
19%
19%
10.600
21%
~2%
1,800
13%
Jan
Feb
37%
Jan
9,600
8%
Feb
12%
•
Jan
2%
Ve
2VB
2%
100
<2%
Feb
2%
Jan
800
2% Mar
3%
Jan
2
2%
1,200
3%
9,000
>
2%
lBVe
7%
Jan
Securities Corp General
1
Jan
193%
Feb
Seeman
*
17
1
2
3'%
Jan
33
Jan
10%
Feb
12%
Jan
Feb
2%
11
11%
300
2%
300
17%
17%
100
2%
3,100
2
21'%
500
Feb
Feb
4% Jan
Feb
2%
14%
Jan
27
29;
1,200
Feb
3
200
2%
29
27%
25
Jan
190
Jan
Feb
2%
Feb
43
-
..
43
3
19 VB
Jan
Feb
Selected
$5.50
prior
Jan
92
Jan
Feb
103
Jan
Bemler
34%
Feb
Jan
Sentinel
7%
Feb
Mar
8% Mar
22%
Jan
Industries Inc
Convertible
97
20
Inc
Segal Lock to Hardware
Selby Shoe Co
Jan
Allotment
Sentry
Serrlck
(R
-i
common..
stock
—1
stock
•
n%
%
21 %
Safety
common
Control
class
B
21%
—1
1
1
1
1
7,500
15%
2,450
75
4'%
1%
2%
14%
75
2%
15
certificates
Inc
Radio Corp
2
75%
1
5
25
B)
Corp
•
common
Jan
3% Mar
42%
Co
Bros
90
-
1
Feb
900
10%
3%
1
Manufacturing
1A
2'%
3%
Bcovlll
2%
2%
Feb
Feb
15%
1
Schulte
Feb
8%
30%
9%
30
6%
10,
50
NovudAl-Agenp Corn
footnotes
193% 193%
18
5
Northern Indiana Pub Serv 5%
pfd.100
Nortbern States Power class A
25
Northrop Aircraft Inc
1
For
/_
l.Pno
Jan
14
Feb
—25c
9 '
29%
8%
*
50
—1
•
Niagara Share Corp class B
Niles-Bement-Pond
,
100
23
Jan
lo
Niagara Hudson Power common
;
't
8%
•
Honduras Rosario—
N Y Merchandise
6%
95%
Jan
75
Auction Co common
8%
Jan
14
4
10%
-
2 V*
30% Mar
10%
10%
62%
1
1
7
Y
,
Jan
9%
•
—
Quaker Oats common
6%
preferred
4y6
1
8%
97%
11%. Feb
711% Jan
3,200
common
N
N
:
4% Mar
400
13
Jan
14
85%
Jan
9% Mar
2,900
9%
Q
4y»
10
_K)U
Jan
600
4%
95%
25"%
' 200
15%
-■
Jan
6
-..
97%
1001/2
*
25
Land
Mining Co
Process Co
10%.
5
—
Mur
New
2%
57 y2
11
Feb
9
Jan
Rolls
(Herman) Corp
Neptune Meter common
Le
•2%
Jan
•
Jan
4,800
.16%
4%
__30c
48
Jan
5%
1
Jan
100
Manufacturing
Feb
10%
—_T1
National Union Radio
700
•
Jan
54 %
Mar f
4%
11%
;
Feb
•
15%
52
5%
Feb
39
100
61%
•
preferred
Jan
12 y2
7
Nelson
Nestle
;
i.
i-711 %-fj 11 %•« ;
8% ;
4%
1,350
2%
~
;;
■r
Ltd
National Transit common.
cumulative
36%
12%
:.T
16
100
*
4%
11%
1
26%
-160'
„.»_4
Machinery.......^
5
40% "
Jan
105
41
1
98
.
•
11 %
39
Jan
173
•
National Mfg & Stores
>
2% .v; 3
Feb
Colorado—
Jan
&
100
400
/
5% L 5%
-2%
102%
Jan
.
'
;,".£jr'V
'
•'•
300
211
—
of
3%
450 1
30%
Ji.
National Mallinson
•
common.
•
102% 104%
22
Jan
"14-,._1-
Jan
Jan
Feb
;
common
Jan
2%
*
—
Puget Sound Pulp to Timber
Pyle-National Co common
N
,% Nachman Corp
6%
Jan
'
,
12%
Feb
.2%
5
•
Pyrene
-
J
12
4
400
2.50
America
Jan
3%
Jan
'; -40'
:
28
12
,
20
2%
40%
.2.50
9
Jan
2%
11
2,700
4%
6Ve
;
2 V4
common
Jan
7%
Feb
170
400
Feb
Jan
-10
27
,
Feb
2,800
■
13%
98
-
1-2%
1
29
"
f.j
12
:-
3%
-
24
6
50
11%
Puget Sound Power to Light—
r $5 prior preferred
Jan
2%
600
;
Jan
3,000
2%
104%
1
104
Feb
Feb
310
"•*
13%.%
r".1 *
.
common.
.
2%
4,900
100;
170J/4 172
6%
Feb
6%
Jan
23%
6%
•
Gas
Service
Jan
6
IlOO
35%
!
Murray Ohio Mfg Co—
Public
7%
33%
300
6%
.
2%
'
17-2
—Z100
Tel-
Providence
Jan
Jan
x25
3
.—5
common
Jan
Feb
Jan
45
9% xlO
Corp of Nevada
Prosperity Co class B
Jan
30%
21 '/2
99
4%
Producers
2%
Jan
Feb
Jan
9%
common
of
Jan
Feb
4%
1st preferred
Metals
13
43
'
Jan
19
2y« Mar
99
-6%
24
Pratt to Lambert Co
18
Feb
80
<
common
of Canatffc
26 Ve
6%
12% Mar
30
_25c
Alexander
Mar
26%
Feb
150
50%
common
Feb
1.300
7%
5%
2%
&
Powdrell 4s
23
Feb
-
4%
Mining Co
3 y2
~
1,500
'"2%
7
5%;
—
Power
Scale
Mar
17% Feb
Johnson Ltd Amer shares
Pneumatic
Jan
Jan
23
100
,
—
24
Pittsburgh Bess to Lake Erie RR__ —50
—50
Pittsburgh 4s Lake Erie
5
Pittsburgh Metallurgical common..
Pleasant Valley Wine Co
1
Jan
9
.
30%
1
Producers.
Mountain
Jan 7
Jan
15
10
35,900
90
9%
Pinchin
2%
25
t~
Piper Aircraft Corp common—
Pitney-Bowes Inc.—
Feb-.;;
96
23
100
Jan
Feb
12
.2.50
Jan
-
Jan
91
,
__50c
common-
Jan
Jan
100
18%
Investors
Mountain
Corp
13%
24
12%
.—20
19%
100
23
11%
44
Pierce Governor common
Polaris
v
_i'1
1
A
Circle
50
-14
24
*
44%
•
.
93
I~i
Feb
;'"'r7%
Feb
104 y2
2.50
—
Jan
^y;Z;
Feb-
Feb
Jan
9
Feb
8 %
v Feb
19
101 Va
_u
Philadelphia Co common
Phillips Packing Co
v-
7,500
.50
partlc pfd.,
Morris Plan Corp of AmericaMountain City Copper common.
•
V'7. 9% Jan.1
7. i- 4)
Jan
;7%23% Jan
6%
«.*
common
Co
(The)
Power Corp
_50c
Utilities—
Ward
Perfect
Jan
;
20"%
360
2%
pfd
4%
'•:
i 7% Mar
roo
10%
Society A
Dakota
Montgomery
Moody
6%
h
Feb
103%
.
4%
110%
Feb
Jan
Jan
23%
.100
Pepperell Mfg Co..
«
-,
Monroe
Feb,
Mar
Jan
35%
85
Water 8c Power Co
Pep Boys
7%
Feb
31%
-1
% 4>/«
6%
6%
Mining Corp of Canada
-•
Minnesota P to L 5% pfd.
:
.100
Missouri Public Service common—
•
Molybdenum Corp
Monogram Pictures
Traffic
Penn
7 *;
7% Mar;
1% Feb
■
1,000
7;l%',f 1 <%%;:■
19%
preferred
Light 4 %#
67/b
—
1,500
23
12%
A common.
Penn
2
Feb
Jan
Jan
43%
Pioneer Gold Mines Ltd
:~~7%<; ~f%'■ 7
•'
50c
common
Eiec class
Power <fc
Feb
'
>
7%
'
,
7, Jan
5%
7 400
7%;> 7%;.^ ":7; 100
7
<-'.1 %
Feb
Feb
3%
,
43
..10
—
Penn
Jan
,
.
Jan
10
33 % Mar
.25
Penn Gas 8c
(
u—
■
•
Jan
Feb
*»-.
'
•!
7C;
•
•
—.
convertible
Feb
T
.*
Midwest Piping to Supply common
Mid-West Refineries
;
Miller
7 3%
.i
'H
Co
5%
21,900
,
17 y2
Feb
30%
1
Feb
.
1 ; 7,
,
Products— /
dividend shares
common
Oil
3%
8%
Mid-West Abrasive
-
2,100
20
—1
•.•••-■'
Corp $1
V,
.
tc—l
tz
c
non-cum
2
Jan
7%
100
1
Pennroad Corp common
Pens-Dixie Cement warrants
12 :'
•"
Feb
Jaii
15
Jan
30%
5
25 yi
Feb
;
1.200
2%::
A,
Corp—
Midland Steel
$2
"
10
v.
AO
•>'
17%
34
93
Corp
Feb
28%
5 Va
::
#»•
Ex-distribution
Midland
".,'21
108 r.
3%
———2~5 0
Micromatic Hone Corp.
■'7
2.300
.—15
Middle States Petroleum class A
t
37% Mar
Jan
9
30%
Peninsular Telephone common
Jan
Vu
2.
*;"
Jan
Jan
33%
103
Co
$1 cumulative preferred
5
<►
;
Feb
Motors
Pen
Pharls Tire 8c Rubber
—-—25c
_
v.
££21%>< 7
-21
Jan
6
.1% Mar
34y*
Mar
7
200
Jan
15
Feb
•23
17.5
.38
10%
.77
Feb
30%
1,000
100
•
Parkersburg Rig & Reel
Patchogue Plymouth Mills
7
33%
$1.30 1st preferred
•
Page-Hersey Tubes common
•
Pantepec Oil of Venezuela Amer shrs—
2%
~
—-
Class B
Feb
Paramount
■t;
——1
Participating preferred
Middle West
Jan
13'%
Feb
Jan
7%
•
Parker
.700
*
7'
—-100
—.
Michigan Bumper Corp
Michigan (Steel TubeMichigan Sugar Co.
Preferred
16%
4V2
109%
15%
100
PubUc Service
Feb
-.;9j/2
V8%.
v;'" 2
~
warrants..:^
—
Lighting $5 preferred
pfd
Feb
i xjbog
24 %
37%
'77
;
Li
preferred—
A
:
;-24'
21.
•
25
25
37 y2
*"
...1
1st pfd
23
'*
7.37%..
_l^5
Co
Chapman
6 Vi %
Jan
6%
rj
Jan
x39
7%
__
6%
1st preferred
Feb
200.
'-.d'Mj.'v 4% '
'
l%"
___•
to Co—^
Memphis Natural Gas common
Mfg
6%
►
1%
Jan
Feb
100
8
,
Feb,.;.
Feb
106
16%
1
300
,
13% .13%
24
:*
Mead Johnson
Menasco
'—
•
-
Dredging
~9%' ;jio
;•
,
—16'..
common.————1
common
preferred
McWilliams
r;;_l
•
preferred—;
McClanahau Oil
McCord Corp
t
:u
common
convertible
*9%
.——10
common—
30%
7%
1%
33
60
15%
Securities
Feb
i
100
325
1
%
——£1
7%
Pacific Can Co common
Marine
Shovel——-,
30%
1
—
:37%
100
'
Marion
_15
100
36%
1%
36% x39
106% 106%
B
Pacific Gas & ELec
Feb
21
Ltd
Gas
Jan
Feb
.
12
*
•
j
High
Jan
*
Feb
15
1
:
Mapes Consolidated Mfg Co
Marconi
.16%
38%
100
Distillery
Filters
Jan
-
Pacific
5%
1
Co
1%
common.
Pacific Power & Light 5%
5
common
Manischewitz
B
preferred
O'okiep Copper Co Ltd Amer shares
M
Mangel
Low
Jan
110%
500
Range Since January
High
Jan
55%
45% Mar
3,400
.15%
Inc
Overseas
25
47
Omar
Pacific
Co
50c
class
Natural
United
5%%
Mackintosh-Hemphill
Low
Jan
7,700
111,: 111
15%
Co
Brass
Oliver
"/4
15%
ill
*
2
Ogden Corp common
Jan
Feb
45 %
,
Jan
18%
53
preferred B ctfs of dep—
Louisiana Land to Exploration
y2
,7'/4
6%
Shares
Jan
Feb
8
1
dep—.
for Week
Par
18%
.21%
%
Sales
Range
of Prices
Jan
18%
n
ctfs
A
18%
Week's
Last
Sale Price
Exchange
High
Feb
21%
18%
of dep
preferred
Curb
22
5
LongineS'Wittnauer Watch Co
Long Island Lighting Co—
York
23 %
common,.,——10
Corp
a
27
*
Steel
New
16 %
*
A
B
Star
7%
Low
16%
*
class
march
STOCKS—
preferred. -25
Inc 6%
common
EXCHANGE
ended
Range Since January l
High
16%
—10
(Thos J)
Brothers
Loblaw
Low
..
.
—
(1069)
Friday
Shares
,..5
Corp.
Lipton
Lit
Co.
CURB
week
CHRONICLE
for Week
of Prices
Par
Line
for
FINANCIAL
Sales
Sale Price
STOCKS—
York
New
Week's
&
2%
1%
1
10%
2
Jan
Feb
18%
Jan
Feb
2%
Jan
21
Feb
24%
Jan
2
Feb
16%
.
2%
Jan
13%
Feb
18
Jan
100
74
Feb
82
Jan
75%
100
75% Mar
80 V%
Jan
4'/a
400
4»/2
Jan
5%
Jail
1%
400
1%
Feb
2%
Jan
600
1
Jan
1%
Jan
11 Vz
Jan
1
10%
300
33
Monday, March 8,
CHRONICLE
COMMERCIAL & FINANCIAL
THE
34
1948
(1070)
WEEK
FOR
RANGE
EXCHANGE
CURB
YORK
NEW
MARCH 5
ENDED
j
Range
Last
cmrKS—
Exchan.e
York C.rb
New
Par
*
Bhattuck Denn
common
Bilex Co
* ;B
16 'a
LS *
'
2«/a
300
'
~9%
~~
$3
6%
* 4
2Jb
Manufacturing Co—
Corp
——
~5/2
2%
Feb
3%
Jan
800
x3%
Feb
4%
Jan
Wickes
3 %'
Williams
9%
100
3%
Feb
4%
Jan
500
33%
Jan
37%
Feb
Wilson
31
20
29%
Feb
31%
Feb
25
25
1
5
27%
24%
25
24 -a
*7 fa
5 fa
1%
•
2.78
common———1
Convertible preferred——
*10
Standard Dredging Corp common—_1
$1.60 convertible preferred-—20
Standard Forgings Corp——1
Standard Oil (Ky)
————10
Standard Power & Light—
—-1
Common class B—;
—*
2%
—
Stroock
Sun
Corp
500
—
Jan
Feb
19%
Feb
26%
Feb
11%
25'A
i
Feb
29
Jan
2
200
100
7%
200
7%
Feb
8%
Jan
3%
600
3%
Feb
5%
Jan
3
300
2%
Feb
3%
Jan
3%
800
3%
Feb
5%
Jan
Feb
Feb V
61'A
22
Feb
25
19%
6
.
Feb
8%
2%
13
Jan
A Jan
14%
Jan
14
50
16%
17
29%
30
7
13
'
29 'A
3
6%
Mar
15%
16'A Mar
20 %
Jan
31%
5%
Feb
125
13%
Feb
2%
Feb
3%
Feb
14%
2,800
10
Electric Co common—
Tampa
Technicolor Inc
T^xas Power & Light 7%
Texon Oil Si Land
Shovel
Thew
Thor
Tilo
Co
common—
Corporation
Roofing
Tishman
Tobacco
16%
Jan
Jan"
Jan
dep
Service
of
Lux
Trans
v/arrants
Trf-Continental
Tung-Sol
124
Lamp
-
Feb
51
Jan
13%
15'A
12%, Mar
500
5%
•500
Jan
6'A' Jan
Feb
Jan
50
Jan
6%
100
1%
6%
Feb
7%
Feb
1 %
Feb
1%
Unexcelled
Union
„
100
88
Feb
05
':4 Jan
100'
90%
95
92
Jan
97
■•■f
Jan
1%
3,000
5
Jan
6%
Jan
1%
Feb
2%
Feb
9
Jan
9%
Feb
12
1%
1%
1,(00
6'/*
6%
6%
300
of
Gas
Oil
Union
$3.75
Co
Jan
series
pfd
Aircraft
United
United
United
Gas
United
Light
•
A7s
United
Milk
&
common.,:
.IIlO
.—7
Jan
Products
Preferred
with
A 7s
ex
__*
common.:
91% Mar
96
Jan
62
Jan
%
50
17%
17%
400
18'/a
19
Jan
4%
.
Amer
34%
Jan
Feb
18%
Jan
17%
7,500
Feb
16
Feb
21
United
NJ
United
Feb
30
Jan
Jan
25%
Jan
Profit
Extended
RR
&
Canal
245
100
Sharing.-
25c
1%
9
9
Preferred
-
common!
—25
,—j
—
55%
54%
56%
40
39'/2
-
■—
U
U
S
S
$5
U
S
Specialties
Foil
Co class
1.
B—;
International* Securities—i—*
and
preferred
1st
Radiator
with
warrants.
common...—..
U S Rubber Reclaiming Co__-___l__
United
Stores
common
'1%
"1%
Consolidated
Universal
Insurance—:
Universal
Products
1
!
10
.
5
•
common.—.
%
1st
convertible
Venezuela
Vovt
.
Syndicate Inc
4%s
Jan *
Feb
247%
Feb
2
Jan
1st mtge 3s
Pennsylvania Water & Power
Oct
103
103
1
103
1
102
103%
102%
102%
103'A
104%
M-N
*20
F-A
*20
20
For
footnotes
see
page
35.
•
26
5
19%
25%
26
98%
99%
52%
65
26
28%
*.
•Y. f
*8
20%
—
*104%
J-J
*108 3 8 109'A
101%
—'
-
103
107
108%
7
101%
101%
1
58
"
•
-
*53
103%
106
103%
25
20%
..
101% 101%
58
17
17.
—
10
20%
J-D
A-O
2
28%
J-J.,
r
104
104
2
106
101%
2
102% 102%
60 %
102%
23
106
102%
105
106%
101%
46
102%
■
'
39%
,
1940
1
Jan
44'A Jan
Jan
20
Jan
24
Mar
29
*8
2%
21
Feb
% 3%
Jan
Feb
22%
5s
Jan
A-O
collateral
3rd
A7-4s
(Hugo)
100 »A
103 'A
101%
104 Vs
A-O
J-J
Industries—
Jan
7%
Jan
United
Feb
3%
Jan
A 7s
with
kl2%
Feb
Jan
A7s
ex
98
14
-
ex
Electric Service
Dec
1
1
Co—
1940 coupon
1947
coupon
1956
1956
*96
5
98
68%
97
115
*114% 118%
68%
68%
23
100'A
116,
23
75
2
68
23
27;
21
27
23
24 »A
60
J-D
102% 102%
8
.
—
*8
*8
100%
103
1
*
24%
23
98
100%
97
*20
Aug 1
Dec
98
*103
A-O
Hydrc-Electric Co—
A6%s
113%
6
A-O
Feb
Feb
„
101,
113%
103% 103%
A-O
3
Jan
10
103%
101
101%
1950
5%
92
Feb
144%
83
.1966
-1946
98
102'A 103%
103'A
M-N
stamped
100
140%
A-O
M-S
F-A
1947 coupon.— .1953
1949
United Electric Co of N J 4s,
7%
*99
3
98
100%
1989
1946
9
143%
98
1
1970
Corp—
stamped
34,
—
100'% 100'%
Elec 3'As—
1-
,
--
__
*113% 116%
J-J
trust
106
23
•
M-Q
(Hugo)
Stinnes
143
98
M-N
1971
AStarrett Corp Inc
103
4
24%
104%
!
M-N
5s__.
5s_
Spalding (AG)
Jan
Si
104'A
*104% 104%
.I960
92
88
.
*104%
J-J
'——
Gas
90
J-D
23
3s
'
20
*80
coupon...I960
Joaquin Lt & Pwr 6s B—.
1951
Scullin Steel inc mtge 3s——
1965
Southern California Edison 3s.—
1970
Southern California Gas 3%s
Southern Counties Gas (Calif ) —
Southwestern
~__I—20c
23
20
*21
.1952
San
Jan
200
23
20
57%
9%
2%
2,400
-24%
20
11
*20
J:J
F-A
26
24'A
V
20'A
25 6A
20
6
23
99
1952
Jan
6%
"
20'%
20
25%
21
22
20
98%
Jan
2%
21%
3-D
57%
Jan
1st mtge
700
f
57'A
62%
Jan
600
'
98%
41%
Feb-
Jan
2%
59
!<*#
J-J
Jan
Jan
" 2%
3
103% 104
J-3
perpetual certificates
6%
3
2%
102
*100'A
.1952
Queens Borough Gas & Electric—
1952
5%s series A
1981
Safe Harbor Water Power Corp 3s
Mar
18
100
103
56
57'A
102
A-O
A-O
1947 coupon
Public Service of New Jersey—
81%
600
61
176%
*54
Oct 1
Feb
41%
—
40
1
40
40
J-3
.1970
Feb
24%"
31
J-D
Hydro-Electric Co—
Feb
41
—
176%
3'As..1964
3'As
2%
24.'
40
J-J
12%
400
—
~
.1964
70'A
3%
1',
101%
31
105% 105%
800 >
2%
'
--
35
*101% 102'A
Jan
1
Manufacturing
97%
37
29%
16
mo
A-O
Jan
400
preferred-
61%
55%
5
A-O
2%
8%
Petroleum
115
100'A 100%
J-J
A6%s with Aug 1 1940 coupon- .1953
$4
112%
l',:
34
34
May
.1963
mtge 3s.
Terni
Venezuelan
109
100%- 101
Jan
8%
200
7%
97%
104%
112% 112%
A-O
9 9'A
99%
1
57
J-D
A7-4s 2nd
1
5
99%
104
98%
4
99 %
99'A
.1971
Park Lexington
Stinnes
Valspar Corp common
99
.1968
14%
2%
21
102
104% 105
.2004
Feb
*
>
105
A-O
Af-N
78
18
104
J-3
81%
275
■
104
104
Power 3'As
Ltg 4s_—-.
Feb
.•2%
21 %
79 'A
1st mtge 3'As___—
England
New
1%
2%
24
106 'A
79
Af-S
11%
10
common-
Co
106
79%
M-N
75
73
13,%'.
J-D
106%
.1961
1,600
1%
13%'
106%
J-J
.1967
800
12%
72%'
13%'
,_1
^50c
Oil—d—„ 10
Universal
Utah-Idaho Sugar
Utah Power Si Light
•
!T
12 Va
105%
105%
Af-Q
2
"
~.T'
12%
103%
24
4
Jan
38%
110
—1
common—c
104
74
101
54% Mar
2,425
'
United
104%
21
ioi
10%
9
50
40
,
1%
500"
1%
10
.25
—
93%
104'A 104%
.1956
to
4%
at
A6%s ex
preferred
United Shoe Machinery
92%
81%
77
.1969
3%s__
Milwaukee Gas & Light
A6%s with
ord regis..
10%
■
81
Jan
.
'
*
100
98%
104'A 104%
RR—
Valley
Ohio Power
Molasses Co Ltd—
dep rets
168
168
165
.1966
deb 4 % 3—
McCord Corp
Piedmont
United
110%
104%
.1952
N Y & Westchester
20
r-
,109%
.1963
& Light 3%s
Feb
%
32
*
25
■
105%
3
.1957
1940 coupon
1
Jan
40
Feb
118,200
32%
Mar
39
100
39
32%
'
103%
-
104%
.1952
1947 coupon-
1
Jan
•
______
Nov
Nov
6%
Jan
9,300
19
*99%
6
13
A-O
.1957
Altalian Superpower bs
6%
Jan
»,
100
95
96'A
M-S
Hvdro-Electn.. Co—
Electric Power
Jan
'
93%
96
68
94
96
104% 105%
t..
Q-F
High
102% 105
30
104 % 104%
176'A 176%
.1957
i—
Power
6 l'A
—
Low
High
109% 107 %
.1955
6s.
Kansas
"■ 3%
•
January 1
No.
J-J
.1952
Kansas
4%
96%
Sold
J-D
—
Jan
id
'94%
105%
1949
(July 1941 coupon)
Interstate Power 5s
——
Jan
10
4%
v
Af-N
Range Since
Bonds
Friday's
or
104%
M-S
.1955
—
coupon)
(Aug 1941
F
series
8%
300
39
J-D
1949
A7s
6%
61%
%
Jan
Bid Si Asked
a, : j,
series E_-—.——
A 7s
6% Mar
92%
4
Last
1970
1941 coup)
1
4% Mar
61%
39
Railways.—;
Corp
(Dec
A6%s
900
91%
•
common.--
"2%
A
1958
3'As
series C——
A6%s
4,600
92%
..50C
com—__
Products
warrants."
Elastic
Corp
Jan
Feb
2
3,000
2,3«
Sec—
Power
International
4%
Lm-
•
"l00
Corp
United
2%
Jan
6 %
-
Omaha
9%
1963
Jan
Ba—
series
Indianapolis Power & Lt
Midland
A—
Chemicals
United
4:
*
Stock Yards of
Union
6%
Feb
1948
—Jan
6s ser A
Hygrade Food
V
1%
3C0
Calif—
of
Jan
00
1950
A—^
Grand Trunk Western Ry. 4s——
Green Mountain Power 3%s_^
Guantanamo & Western 6s—,
A 7s
4%
4%/
Corp_r—
5
Canada——.—*
19%
__
2Ve
Sale Price
1961
standard
5s
AGeneral Rayon Co 6s ser
Debenture
Chemicals
•
—
Jan
Feb
Feb
__
2,\
Jan
11%
13
2,300
14
J8
A 7s
2
__
100%
"
.1953
Jan
6
5%
2
18%
M-S
RR 5s__
1947 ccupon—
Finland Residential Mtge Bank—
Feb
5%
I0o
,
Jan
M-N
A6%s ex Nov 1
Jan
1%
500
1%
•
Investment Co
Union
-
Corp
95
Jan
100
U
Realization
GO
Elec
Marelli
Isnrco
Ulen
93%
*21
6s
1
Feb
Mfg Co—
.1953
A6%s with Nov 1 1940 coupon..
Jan
14%
1%
Works
preferred-,.
Jan
13% Jan
••
•
convertible
80c
1
Jan
17
15%
1956
3%s___
Fuel
&
Gas
44
1%
—
Inc—
Trunz
21
800
—
1993
—1993
1965
A—'
B
4s ser
Jan
21
1
Corp
mtge
Feb
Feb
1
Tonopah Mining of Nevada
Jan
J plvision—
N
4s ser
mtge
Jan
Feb
1%
Jan
15%
19%
—
5s.^-——-—1969
11%
12%
94
5%
Jan
3%
■■■%.
ie%
17%
„
Jan
11%
Feb
14
__
Jan 1966
1958
5s
Ercole
16
90
Feb
75
96%
J-3
5s__
Feb
6%
90
10
10
__
84
13%
200
.
Jan
8 l'A
Jan
500
rots ord
11%
83
11%
1,500
50
Trust Co Ltd—
regis—.
rets def reg
.
•
Todd Shipyards Corp—i—„*
Toledo Edison- 4%%
pfd
100
dep
Amer
Feb
'
M-S
Elmira Water Lt &
Tobacco Security
Amer
Jan
10
300
6%
9
Jan
•
Stocks
Allied
7%
Jan
11% Feb
16%
6
Jan
6%
Feb
81%
31%
13%
6
Jan
20%
81
Feb
12%
-
16%
Feb
__
19%
3s__——-__——1977
Consol Gas El Lt & Pwr (Ball) —
1st ref mtge 3s ser P
1969
1st ref mtge 2%s ser Q„
—1976
1st ref 2%s series R—
1981
2%s conv debs————
.1962
Consolidated Gas (Bait City) —
Gen nftge
4%s^—
1954
Delaware Lack & Western RR—
Feb
13%
1
Co—
Jan
Feb
81%
Feb
ICO
50%
18%
J-3
Debenture
Jan
7
16%
16%
5
1
Construction——1-
Si
12%
..
Jan
Feb
13
150
12%
50
-
Realty
&
%
pn
1
25%
99%
29
700
12%.
common
Inc
Brewing
Tivoli
pfd
Co.
12
Feb
10
__
J-3
6s
118'A
12 %'
•
100
—2
5
common
30
Jan
23
„
2%s
10%
1,300
10%
29%
Jan
35*%
States
Eastern
10%
28%
Jan
99%
1st
30
Feb
33%
99%
Steel
Edison
A 1st
10%
27
25
__
1964
-
Lackawanna
1
•
150
_
Debentures
Jail
27'/a
400
——15
Taggart Corp common—
Feb
Jan
19%
156
J-D
C
Debenture
Jan
500
3
2%
Feb
14
450
14%
14
*
.—1970
Electric Corp—
A5s
(10%
redeemed)—.—
1948
A5%s (10%
redeemed)
1954
Cities
1% Jan
1
—
Jan
114
Feb
15%
Jan
8%
Feb
Jan
J-D
ICentral
Jan
5%
50
14
13
7
400
Feb
6%
e'A
Tel deb
&
Bethlehem
Jan
7%
3,600
13
--
2
—,——.—1960
——,-—1988
Boston
Jan
Feb
3,200
6%
•
•
,
140
__
3%?——1970
City
series
5s
Jan
'A
Bell
Jan
Feb
7%
16
1%
Jan.
■
30
Period
Electric 3%s
Telephone of Canadar—
Atlantic
Jan
15^2
100
400
1
4
Feb
19%
4%s_——.—.1953
5%s A—
1955
Electric
Tel
Assoc
Feb
107
"
Associated
Feb
l'A
1% Mar
102
24
15%
;
l'A
Mar
l'A
13%
Exchange
Curb
Appalachian Elec Power
Feb
»
4,500
.—
3'/a
200
Lew
Jan
1%
15%
■
Jan
100
Jan
2,400
Interest
BONDS
York
New
_
* ;
4
16%
15%
Jan
l'A
1.600
1%
9%
300
52%
>
Ltd
Hargreaves
Jan
3%
17%
100
9%
20
Feb
Jan
23%
3%
25c
*
1
Inc.1—.
Superior Tool & Die CoSwan Finch Oil Corp
11%
3
—*
Ray Drug common
Superior Portland Cement,
Feb
Feb
2'A Mar
8%
1%
—
3%
Jan
102% 102%
&
—
3.300
Feb
Jan
Jan,
1%
3%
5
1
•
4
6%
Feb
Jan
7 "2
'
.
•
———
Feb
1
2%
26
1 ' ,J
Shop Inc
(S) & Co common—
Sunbeam
Feb
5
1%
9%
26
l a
•
*
Sterling Aluminum Products-.:-;
—1
Sterling Brewers Inc..——
-1
SSierling Engine Co
————1
Stop &
3%
100
9%
Wright
100
1,500
18
13
15
5s
£1
—
*
preference
6%
'Jan
43
Feb
4%
3%
18
7% Mar
Jan
21
& Co common
common——,
4%
36
•
2%
Steel Co of Canada--
Co
Feb
1%
—
Corp
25%
1%
—
*
Standard Products Co...
1
Standard-Thomson Corp
—_—1
Standard Tube class B—1—-———1
Starrett (The) Corp-——
-1
;
Jan
8%
3%
Preferred
Inc.*.!—
23
..
Feb
—
1
Petroleum
Woolworth (F W) Ltd—
American
deposit receipts
Jan
100
.
5 Va
5 %
29 Va
1,100
4.4
--
Jan
6,600
9
145
148
27
27%
33 % 331/2
100
2
Woodley
27
500
38
37%
4%
3%
1%
7'%
1%
16%
25
♦
w
w
Woodall Industries Inc.—
Jan
37
Jan
100
112
1
common
preferred
-5%
1,000
7%
5%
*'>*
35%
110
37
—
Products
Biotliers
common
Wisconsin P & L 4'%% pfd
27%
37
&
Winnipeg Elec
37
23
*
31
■■
-
Feb
7'A
600
—
Co
Inc—
C)
(R
Willson
4'/«
,
2%
10
7
7
1
10
5
__*
1
Corp.,
Corp
(The)
36%
7%
1%
Feb
.1
Co
&
Oil
River
Wichita
Jan
7%
—
4
(Wm)
Whitman
1,000
4</b
Standard Cap & Seal
B.)
T\ % Jan
3%
36
' '■
Spencer Shoe Corp—
Stahl-Meyer
Inc..
Standard Brewing Co
(J.
Feb
3,800
3%
10
Line——-
California Edison—
5% original preferred
4.48% conv preference
4.32% cum preferred
Southern Pipe Line-——.
Southland Royalty Co'
(Hugo)
Jan
8'A
800
Jan
90
2%
-1
Southern
Stetson
Jan
10%
9
* *
——-1
12.50
South Penn Oil common
Southwest Pa Pipe
--
*—1
1
J
—
Manufacturing common
Coast Corp common
Stinnes
Feb
*
__
Virginia Coal Si Coke
5
Maryland Ry 7% 1st pfd—100
Western Tablet & Stationery com
•
Westmoreland
Coal—
.20
Westmoreland Inc
10
Feb
4
90
4%
Western
Weyenberg Shoe Mfg
*
South
Sterling
256
100
Solar
Manufacturing
Utilities $6 preferred
Texas
Jan
11Q%
"1%
1%
10
3%
3%
1%
__
West
Jan
Feb
3%
—
7%
Feb
Jan
9%
Feb
—
__
„
1
1.25
•
Corp—
Aircraft
Warner
Jan
11%
2%
Feb
w
—
.
Baking Co warrants
Wentworth
x236
230
240
236
—
Mills-
Solar
(A)
Jan
17%
Feb
6%
7C0
6^
-
■
preferred
(Howard! Paper
Aircraft Co
Stein
_9%
12,600
10
Manufacturing Co Ltd—
Amer dep rets ord regis
Sioux City Gas & Elec Co—
Boss
-Mar
Ward
Singer
Sonotone
107
West
convertible preferred—---—
Bimplicity Pattern common
----I
Singer Manufacturing Co
190
'
3.90%
Jan
Feb
—
Baking voting trust ctfs ext.*
7%
preferred
100
Waltt & Bond Inc
-.
1
$2 cum pfd
30
Waltham Watch Co
;
1
Jan
12% Mar
900
14/8
73
104
10
-
—*
64 Va Mar
1%
8
110%
'
•
Co
Wagner
Jan
Publications—:
Bimmons-Boardman
Smith
Waco
16%
G6'/4
High.
Low
*
Aircraft
17% Jan
Feb
400
Range Since January 1
High
Jan
3
Feb
Feb
14
12%
12/2
Low
W
12%
C4%
--
Shares
Jan
16
13',2
107
for Week
Par
200
•-
107
10«
*
—
16%
13%
Feb
2%
1,200
2%
16%
-so
class-A-—»*—#
of America
Bick's Breweries Ltd
Corp
Shoe
~~3,
°
common
Mining
Bhawinigan Water & Power—-*
Bheller Mfg Co
Sherwin-Williams common
4%
preferred
Bherwin-Williams of Canada--.—
Leather
Seton
Range
of Prices
High
LOW
13
Exchange
Curb
York
New
Range Since January 1
Shares
o. Price,
Low High
Sale Price
,
Last
Sale Price
STOCKS—
for Week
Sales
Week's
Friday
Sales
Week's
Friday
23
35
—
23
102%
23
.103%
27%
Volume
Number 4679
167
THE
COMMERCIAL
NEW
YORK
RANGE
Friday
Curb
Last
Period
Exchange
Sale nice
or
i
Friday's
A5s
income
Wash
Water
1954
Power
3%s
Electric
Penn
1964
2030
%
72
A-O
Traction
5s
Newspaper
1960
MARCH
Friday
BONDS
January 1
High
No.
Low
New
%
74
72%
107 Va
118 % 1131%
118 Va
Peru
105%
120
101"
to
Rio
to
de
Friday
stamped
reduced
Exchange
Last
Sale Price
(.Plan
Low
Agricultural
Mortgage
A20-year
A
(Col)
Bank
7s
7s—
20-year
Bogota
(see
-
ACauca
Range Since
January 1
Sold
High
No.
Low
+64
j.j
January 1.
Low
13%
14%
-1919
M-S
J-J
Deferred
a
in
(not
year's
being
13%
J-D
-
26
High
27
•
21
range),
traded
in
15%
x
Ex-div.
prices;
y
(not
range) i
3
2%
2%
included
in
year's
in
year's
2%
3%
8
2%
3%
range),
d Ex-interest,
g Ex-stock
div:
r Transaction
range),
h Ex-
for
cash
Ex-rights.
sales being transacted during
no
24
37
f Ex-distribution,
included
(not
23
2%
•
-
year's
transaction
asked
13%
24
122
delivery transaction
included
Under-the-rule
Included
—
A)
—2012
6VaS
transaction
n
28
current week.
flat.
Abbreviations used above—"cod,'' certificates of deposit; "cons," consolidated;
"cum," cumula¬
tive; "conv," convertible; "M," mortgage; "n-v," non-voting stock; "vtc," voting trust certificates;
"wi," when issued; "w w." with warrants; "x w," without warrants.
65 Vb
*64
+33
Range Since
Sold
No.
^Reported in receivership.
High
65%
A-O
—Jan 1947
Mortgage Bank
Valley
Bonds
—
April 1946
value,
par
A Bonds
Friday's
or
J-J
-1921
^Friday's bid and
Bid & Asked
125%
2%
tn
Government
principal.
Week's Rang*
Interest
Period
Curb
Bonds
High
of)—
Janeiro
Odd-lot
e
(not
BONDS
Friday's
or
Bid & Asked
J-J
-1997
Interest
•No
Foreign Governments & Municipalities
York
Sale Price
2%s__. ..2008
A5VaS
New
Last
Period
2VaS
ARussian
102%
reduced
(Republic
Is
4
101% 101%
35
Week's Range
Interest
Exchange
stamped (Plan A)
Interest
;
%
C-.4
Curb
Low
77
106%
102
York
High
1105% 106%
1106% 107
J-D
1959
_
(1071)
5
Range Since
Union—
debentures
f
72
J-D
5s
Penn
<t
M-S
CHRONICLE
EXCHANGE
ENDED
Parana
debs_
West
enpv
CURB
WEEK
FOR
Hotel—
West
Western
Bonds
t
-
Low
Waldorf-Astoria
FINANCIAL
Week's Range
Interest
BONDS
York
New
&
of)
1948
J-D
40
36
5%s
1955
M-N
84
84 Va
84 Va
External
5s
1953
F-A
80
78
Slock and Bond Averages
39 Va
External
78
Danish
Cons
7s
;
_.
Municipal
Loan—
4—
'
-Below
Danzig
•
Port
&
Waterways—
AExternal 6%s stamped
-A Li ma
City: (Peru)
Maranhao
6V2S
stamped
Interest
>/.AMedellin
7s
;
10
7%
-■
14%
1
7%
14%
25
M-N
J-D
stamped
Bank
of
-Bonds—
10
2008
2%s
".,422
—
25
..
1-.J33V#
37Va
24
36Va
,
>
30
Feb.
Bogota—
f-';w'f;-:
?
UtU-
10
First
10
Indus¬
65
Rails
Second
10
Grade
utili¬
40
Ralls
ties
Bond*
Grade
trials
y,.
28
road*
!,(#»«
Stock*
trials
49.27
31.70
60.61
100.76
-
■
103.13
86.55
Total
102.34
'
98.20
(issue
of
May
1927)L«
A 7s
(issue
of
Oct.
1927)
-1947
nL.t:44
r.i
AMortgage Bank of Chile 6s__
1931
J-D
1972
J-D
f-
*4%
84 Va
1Z
:
81
,81
168.14
49.81
31.73
60.96
100.77
103.14
2
168.75
50.03
31.78.
61.17.'
100.66
103.11
86.66
102.25
98.17
168.61
50.17
31.79
61.19
100.68
103.09
86,81
102.23
98.20
4——_
168.13
49.46
31.82
60.88
100.68
103.01
86.69
102.15
98.13
Mar.
44'.
H9%
Mortgage bank of Denmark 5s
44
44%
-
„• y
3_-_——
Mar.
r>%- '• ,;-t
,t44
A-0
1947
Mar.
Mar.
:A7s
Mar.
Rail¬
ToUl
IB
167.30
/
.
.
M-n
20
Indus¬
39%
Date—
Mortgage
closing averages of representative stocks and bonds
by Dow, Jones & Co.
-Stocks-
,15
:
the daily
are
the New York Stock Exchange as compiled
on
A)
1951
to
+6V,
14%
.
M-S
stamped_195#
(Plan
reduced
J.J
1952
listed
5——:—-
168.35
49.53
31.90
60.97
100.63
102.99
86.64
102.19
98.11
.1—-J.---'
•
RANGE
FOR
WEEK
MARCH
ENDED
STOCKSPar
Arundel Corporation
14
Ealtimore Transit Co
5'/o
1st
Shares
Low
preferred
v
com
t
v
t
_100
e—:
Range Since January I
Low
14%
457
2.60
336
14%
14'/a
Reece
High
2.50
c
14%
72
Kexall
High
Va
Jan
2.50
Feb
5
14% Mar
23
Feb
150
Stone
Jan
16 »/a
Jan
-
Fidelity
Deposit
&
Co
20
148
148
10
145
&
.
—~———--—.-—20
70
70
Jan
65
.50
-3.60%
26%* "26.%^
1130^
«V
Potomac Edison-—
•
preferred
BONDS—
'
89%
-*
'•
X
tJ%
46,,
___100
—
y<0 S Pideaiy & Guaranty__i-„_^___50
.,..,75
.,
High
100
1%
Jan
2%
Jan
5%
237
5%
Feb
7%
Jan
13%
14
165
13 Ve
Feb
15
12%
12%
314
11 Va
Jan
14%
36
36
100
35 Va
Jan
38
51 Va
49%
51%
3,572
48%
55%
54%
55%
475
39
39 %
40%
26%
Inc—
Webster
Co
——
Fruit Co
United
Shoe
U
Jan
i
common¬ —25
Machinery
preferred
—
—25
•
Jan
Feb
Feb
56%
54% Mar
61%
Jan
38
38%
Feb
40
Jan
41%
130
38%
Feb
45 Vb
Jan
26%
573
25
Feb
30 V8
Jan
Jan
Rubber
S
10
-12%
46%,:_
■
25
:
89
•Jan :
44Va
220
91
.
:y
Feb
.
Jan
-
48 %
;y ;y
,
Jan
Ay j-i
Chicago Stock Exchange
K i'i.
1975
——1975
55 Va
55 Va
v
58 Va
69
09
26%
25;;4;Fel).}^;;J 28j% ,-Jan,.
55% Mar
3,000
68
Jan
67%
$41,000
,7,7:
Jan
Feb
Friday
Last
'
Friday
Exchange
Week's
-
Last
Sale Price
STOCKS-
,
Par
American
&
Tel
Tel—
American
Copper
—100
Woolen
Anaconda
.
150%;
38
Laboratories
(J
D)
Advanced
Boston
& Albany
RR
—
Boston
—25
of Prices
Elevated
Stamped
37%
Allied
Range Since January I
Alum
39%
727
,
Jan
Feb
37%
Mar
44%
Feb
30%
345
39%
Tel
&
High
148%
3,360
37%
Feb
34%
Jan
153%
Armour & Co
37%
118
.
38%
;>
116
146
36%
2,938
Jan
125%
Athey
41%
—
-100
58%
58%
5
,
58%
59
& Maine
Feb
15
Jan
200
7%
Feb
8
Jan
3>
300
3%
Feb
4Va
Jan
10%.
250
9%
Feb
11%
Jan
21%
200
21%
Feb
149% 150%
1,300
149%
Feb
152%
600
12%
25
t
■
Jan
Jan
11%
Feb
14%
Jan
250
1%
Feb
2%
Jan
150
6%
Feb
8
Jan
4
100
3%
Feb
4%
Feb
5%
500
4%
Feb
5%
Jan
1%
1%
7
—3
4
3
5
common.-
8%
•
3%
■
7
Corp
Mlg
—
-
;
35%
19%
19%
19%
210
19%
19%
Jan
22%
23%
615
22%
Feb
'XT
-
32%
Feb
37
Jan
12%
200.
12
Jan
13
Jan
10%
200
10
Feb
12%
Jan
Jan
Jan
—
250
10
1
1
37
12
_o
common——
Manufacturing Co capital—
•
(George W)
Borg
Brach
Boston
70%
Feb
11%
12
—-1
Binks
Feb
26%
Jan
23%
Heraid Traveler Corp__
150%
5'.''
—-
Berghoff Brewing Corp
.100
Feb
14%
capital— —4
Corp
Washer
70%
200
21%
■:
:
<1
Co common
Products
High
200
14%
10
;
•
•
capital- —100
Co
Low
70%
Jan
Railway—
—
—5
common
Tel
Avco
Feb
Feb
Range Since January 1
High
8
—
common
Asbestos Mfg
:
Shares
14%
—II1
Castings—
Laboratories
American
Low
for Week
70%
#
i. v
Shares
149% 150%
116
common—_
Aetna Ball Bearing common
High
Range
Low
V
O
Sales
31%
116
Par
Mfg+-
Bastian-Blessing Co
Unstamped
-i Boston
.100
V
common——
Automatic
Boston Edison
.
Abbott
Admiral Corp
for Week
Range
Low
-50
1
Adams
Boston Stock
Sales
Week's
of Prices
/
Sale Price
'
V
—
& Sons
10%
—10
Corp—
(E J)
■»
capital-
RR—
.100
5%
prior preferred
cl A 1st pfd unstamped-
-100
6%
6%
100
5%
Jan
class A
1st pfd stamped-
-100
6%
7%
300
5%
Jan
cl D 1st pfd stamped-—
.100
9
9
50
7%
Jan
9
14 VB
15
228
13%
Feb
16%
40
41%
342
34
Feb
41% Mar
6%
6%
24
—1
27.46
27.46
62
-10
33%
35%
149
10%
Feb
11
Jan
Mar
51
; 200
'
60
Jan
50
M
'250
44%
Feb
13%
100
13%
Feb
16%
Feb
10%
100
10%
Feb
12%
Jan
4%
500
4%
Feb
Feb
.100
50
10%
53
51
53
J,
5%
10%
36%
36
37%
505
32
Feb
Bruce
7
Feb
Burd
7%
Feb
Jan
Butler
38
Co
(E
L)
Piston Ring
Bros
Personal Prop Trust—
&
Calumet &
Century
Cities
Providence
Hecla
Shares
Service
RR
—5
—
Trust
—
—
6%
7%
27.46 Mar
28.66
36%
Castle
&
Central
Jan
Mass
Street
Co
111
31%
Jan
B; preferred
5r/o
preferred adjustment —:
100
Corp—
preferred
Cent
At
S
W
States
84%
.100
85%
,
81
22%
22%
23
40
24%
24%
25
300
50%
51%
170,
39.76
39.76
40
120
32%
32 %
33%
29%
29%
30
3%
3%
Feb
Jan
24
210
Feb
86
Jan
:
National
•»
common
Gillette
23%
Jan
26%
Stores
.
.
Electric
Razor
Co
Royale Copper
Kennecctt
Loew's
,
_
Copper
Boston
Mergenthaler
-15
_
Theatre
RR
50%
Feb
58%
Jan
38.90
Feb
41.21
Jan
32%
Feb
28
Feb
Chic Mil
5%
pfd
—_
1,719
312
36
Chicago
Island
Towel
36%
Jan
Chrysler Corp
710
3%
Jan
3%
Feb
Commonwealth
Vb
44%
362
42%
Feb
49%
Jan
Consumers
14%
5
14%
Jan
15
New
England
31%
43%
32
41%
44%
71
——1
Assn
31%
.90
10%
10'/a
10%
225
5
Cos
15%
15 Va
16 %
123
30c
32c
2,000
Electric
3,915
1
—20
11 %
11%
12
._100
85
85
87%
40c
49c
31%
System-
England Tel & Tel
North Butte Mining
31%
31%
53
16%
16%
17%
1,054
-2.50
Pacific Mills
Pennsylvania RR
For -footnotes
.50
see
Jan
Jan
35%
Feb
100
10%
Feb
11%
Jan
8%
Feb
9%
Jan
.
&
Lt
__
8%
1,700
8%
10
21%
e
8%
8%
6%
50c
pfd+—_
21%
100
8% Mar
•
Feb
41% Mar
•-
page
44,
300
1,100
|
..
21%
Feb
25%
10%
Pacific
Co
10%
Jan
9%
2,200
64%
653/4
400
8%
100
»
Pac vtc—
&
10 %
65%
_«•
————
8%
a
com
30
115
preferred.—
.
Feb
12%
Jan
,64%
Feb
65% Mar
7%
100 *
30
26%
115
40
115%
Feb
Feb
Mar
9%
Jan
31%
Service
Co
-
36
Jan
54
Jan
10
Feb
12
Feb
115% Mar
Feb
17%
600
52% Feb
63%
Jan
100
32
Feb
36%
Jan
25%
Feb
28%
Jan
25% Mar
28%
Jan
Feb
36%
54%
56%
35
35
26
26%
5,500
25%
25%
10
30%
Feb
45c
54%
—2%
—10
Edison
common
Corp
——
—
,
^
26
1
(new)—„
common
.
25
—
,_5
30%
200
2%
Domestic Credit Corp class A
Eddy Paper Corp (The)
Jan
30C
Co
•
83
3
1,650
84
16
.
30
2%
Jan
Feb
3%
Jan
Feb
82
95 Ve
Jan
Jan
11%
(new)
common——
common
Jan
Elgin
11
Nat'l
Mills
Feb
12%
Jan
83%
Jan
91%
Jan
38c
Feb
69c
30
Feb
35%
Jan
Gibson
16%
Feb
20
Jan
Gillette
Jan
Fox
(Peter)
General
•
Watch
of
Co-——-
America
Inc
Brewing common
Finance
Refrigerator
Safety
common
Co
Razor
15%
15
__1%
■
—
12
common-
common-
—10
15%
300
14%
14%
50
12
13
6%
52%"
•
700
550
200
52
52.
8%
8%
100
29 Va
29%
29%
200
1
•
■
6%
common— „r_l
Corp
General Motors Corp
—
—5
15% Mar
14%
Feb
12
Mar
6
Va Mar
51 %
Feb
7%
Feb
28
Feb
15% Mar
16% Jan
19%
7%
58
8%,
31
Jan
Jan
(
,F |
8% Mar
Jan
:
Flour
New
11
6
31
Jan
3%
44
.100
-
Nash-Kelvinator
National Service
—
common
Pr
St Paul &
Rock
14%
•
-25
Linotype
Narragansett Racing
Util
preferred
Doehler-Jarvis
Maine Central
■>
——
——
Chic
Safety
50
Jan
Cities
Isle
34
11
^
-
'.
General Capital Corp
^General
34
•'
5
Cherry Burrell Corp common_—1
Chicago Corp common
Convertible
.Eastern SS Lines Inc
Birst
4%
4%
common—.1
common—— —10
!
Ry—
6%
■
Biscuit
(A M)
Jan
Secur
Convertible
Central
Eastern
13%
10 /
13%
10%
1
common
common
48
Jan
Feb
47
V
'
Jan
Feb
5
common
Carr-Consolfdated
Boston
Boston
.
Low
o
5%
10
STOCKS—
7%
Range Since January )
High
O
Assn
Torrington
Feb
„
V.;.'y '
V
Baltimore Transit Co.is
•5s,;-series (.A*--—.
'•*
Low
_2.£>0
Westinghouse' Electric- Corp
Amsterdam-.CasualtyiLA-i-L—42.■£•;
'
Shares
Vernon-Woodberry Mills—
Common
V, ' New
for Week
Jan
er
Mount
-
—
Drug. Lno
Shawmut
Jan
13
Folding Machine
Umtea
J
"
Par
for Week
of Prices
Sale Price
Sales
Range
Sale Price
STOCKS-
Sales
Range
Week's
of Prices
Last
Exchange
Week's
Last
98.19
*
5
Friday
Friday
102.27
STOCK EXCHANGES
OTHER
Baltimore Stock
86.56
t
Jan
Jan
Jan
J
WEEK
FOR
ENDED MARCH 5
/
STOCKS—
for Week
of Prices
Sale Price
STOCKS—
Share*
Par
Goldblatt
_™__*'
Rub common.
*
Lakes Dr & Dk common
Great
Hein
Corp
Werner
Hibb
Co
<fc
Illinois
Central
RR
common
Tool
Pneumatic
Independent
16
16
Salle
<fc
Leath
Univ
Ext
Co
tl
Northwest
•
100
19%
Feb
21ft
22
100
21%
Jan
22
300
12%
8%
6%
6%
150
13%
Banco*p
22
15%
22%
100
4%
••
Coal Co class B common
7%
,
7%'
Roebuck
"
A
8%
Jan
Great
Greif
300
13
Feb
15
100
32
Feb
37%
Jan
10%
150
10% Feb
lift
Jan
27
Feb
32ft
Jan
15ft
Feb
18ft
Jan
7ft
Feb
16%
ft: 200
ft,
400
v
7%
1
common
7%
200
■
25
Jan
27
Ft.
Ns't ^fookyar, «
Touts
30
Jan
33
Standard
On
Corp
Container
S*one
Storkline
Co capital
stocif
Thor Corp
Trane
nnlon
U
S
ft
Steel
Jan
National
Jan
Nauunai Tile &
7%
7r/„
1,150
17'A
100
i
/pvb
'v-
9'ft Jan
/Ohio
18ft
Jan
28
Jan
31
Jan
Feb
24%,
Feb
Packer,"
Feb :
36%
Jan
Patterson
29%
29%
21%
20%
21%
1,100
19 ft
32
31%
32%
600
30%
i
Oil'
Ohio
4
30%
•
Carbon capital——*
45%
.:100-V4
100
*
/ft-
Jan
48
Feb
Jan
94r
1,200
Feb
100%
69
200
,
Feb
78 'A
r
Stocks—
*
(Un)/
77y~"
Corp'/i-.^-i-.'-i—
Sargenti.7;:__/_/
—59
America. (Un)
(Sh>-——
Corp of
ttetmoftc steel
Richman Bros.
,>—
Jan
,
10%
12%
50
Mar
ft' Feb
29%
10
800
12%
12%
-•
Thompson,
Feb
1
..
j,L *
& st San com_
American Rollins Mill
28
Bethlehem
Steel
Gas 6c
Electric
-
■
.28-%:
•
200.:
12%
;
Jan
Van Dorn
14
Jan
32%
800
30ft
14%
.1.4
•
Warren
200
14
..
Mar
.
1'4%
2 9'/a
"
10%
200
10ft
Parnaworth" Television
General IlectricCo
Radiol.
Ac
6%
200
Cft
Nash-Kelvlnator
North
I
2%
-Chem-I-I.—-X--2 \
a
Sheety& TubeL-_^*_i;p_ _ju*-/
Youngstown Steel Door (Un)——-™* i
Packard
Pan
Motor
Amer
Feb
6%
32 ft
Feb
3%
Feb
5%
4%
600
4%
Feb
5ft
Pictures Inc
2ft
i...
—
i-vft
15%
Feb
17%
Jan
13'A
15 ft
Jan
16 %
4%
;
—
100
12ft Feb
600
,4%
ft,
15 ft
400-
•V-
14% Mar
500
v
.
5
ft'ft:..
'.
Stock Exchange
Radio Corp of America common
Feb
8%
Jan
•ft\*.V;;ft' L./ftl'.'"' <l "ft'
Radlo-Kelth-Orpheum
19%
600
18ft
Feb
23ft
28%
500
x25ft
Feb
30"
Oil
N
Studebaker
-
.
8'%
400
8
Feb
9ft
*
17
—1
xlO%
ft
7%
7%
Feb
8ft
Jan
23
Feb
26%
Jan
1,400
14%
Feb
fTft Jan,
200
69ft
Feb
78%
Jan
Feb
14%
Jan
2%.
300
25
15%
71%
73
500
17 Va¬
10%
il
2%
-ft'
lift
Feb
9ft
,
Jan
2ft Feb
2% Jim
16'/, Jan
200
X
Brjggs
Manufacturing
common-.
Machines——^
p' *
y.
v ■-» '•,v ,i-. •*■ 'i..
Consolidated? Papert common2ii_
Davidson Eton —..ft.:..-———I—.
Burroughs, Adding
.ift-r
_
4
r.-Lio*
*!
Cincinnati Slock
Last
Sale-Price
96%-
$4,000
Feb
96ft
Products..
96ft
Feb
Carthage
Detroit
Steel
Steel
Prod
Mills
For
100
P. preferred100
footnotes
see
page
II
8.50
common
-
& T.
Shares
RairgeShtee January F
3%
High
Low
High
225
15
53
20
92
47
»
•
Preferred
C. N. O.
Gar
y
3%
Feb
3% Feb
14ft.
Jan
17
Jan
20
Feb
22
Jan
44.
9ft
23%
94
47
4ft
24%
25
100
333
47
8%
23
Mar
Jan
Feb
52%
Jan
94
95
58
93
Jan
96
Jan
104
104
3
104
Mar
104
Mar
;
*
46%
-
Jan
ft, 31% Jan
ft/ftl'2% Feb'
Jan,'
ft ft; 18%
15%' Mar
ft'
Jan
fit Co.
|
.
I
AsseciatS
.d.J,V
;'
ft
:»*•
Wood
common
'i*-*
Industries
'————
Hoover
Ball
&
__1
—-••
—,—
ft Kaiser-Frazer common;
—
Kingston
Products common—ft.
Drug
—
—
i2%-
ft 22
Screw
McAleer
_
.235ft
v^ioo ft
ft 3 025
ft 4,031'.:
100
23%
187
20%
20%
,200
916
ft
95c '.
'
ftlf.ft": eyvft-K3#-
.
*
4
t' 7%.
.—1
9%
.
"l'A*
Feb".Tft
21'A
Feb
ft .i
:,"4ft
20%
Mar. ft i
16
Feb
215k
4
3TI
20%
200
ft
24
7
"8%
Feb
Mar .-ft
Feb
Feb
Jan",
Feb
Jan
18%
-:
'
Jnn
-Feb
TV*
-F&bLA'
6%
Jan
J an
1%
8%
Jan
53i
Jair
5%
Jan
23% Jan
ft 8
Jan
15
Jan
3% Mar
4'A
Jan
150
1 'A Mar
,1%
Jan
2%
200
Jan
2^8
Jan
1%
700
1%
Feb
1%
Jan
6'/2
6 %-
150
6%
Feb*
6% Mar
1'%'
1%
975
2%
.
———.
1%
1%
.
2%
|
Jan.!
IOO
l'A
.
ft
2% Mar
•25-"
Mar
Feb-:
/
7% Jan*5
-
5%
610
2,215
23ft' ;Feb
ft;, 4%- Jan
Feb '
2% Mar
"3%
7%
,
Feb
14% Jan
ft: 6% Jan ft; ft;..;
90c'
A
1,780
3%
-
12%
19%
4,195
9%
,
2,2% Jan
Iff ft Feb
r
Feb-"/ >30'
23»/2 Mar
100
7%
:ft ft
Mar..ft
23'A
23:
7%
.•
400
•:V 850
L. Feb
-
4%
ft:.3%
9rA
-
ft
5
' 7»A
7%
,4%--
.—T'ft
—1
19
16
91c
--I
common
ft- 178t
20%
—2
Oil
"
-
29"
ioo
:.2%
'*
..50
common:
preferred
McClanahan
270ft
-„
23 V2
'
Masco
100.
ft-.
.'..ft'J i.AJanuary
VftftHigh ft/ft
.ftft. ft ft.'.' ft
-/ Range Since
.19
?ft
20%
ft. 20%
..10
Products.-:
LaSalle-Wines
20%
a%-
6%.
6%.
,: .4.: ,:ft"4.]A '
-1
Bearing common..
Electric
1
/
."i'j Low
ft 2%
—1
Gerity-Michigan Corp
Goebel
Brewing.* common—
Graham-Paige..
;
ft!
Howell
22
'Lift
—ft.lL—L—...—I *
._
-
i2%..12%
."•ft-
'Shares
29%-ft29%
common——'——5
Mogul
Ale
Sales
for Week
High
Low
common^—*1_. —10
Jan
9 'A Mar
26
ft•'
-f-y
—.20
common————-
common—I
Corp common-ll--. .1
Klnsel
Churngold
Gas
ft
for Week
20
Brewing
Cincinnati
Range
15
_
■
Sales
of Prices
3%
Baldwin
Burger
Exchange
Week's
Low
Par
American
27.ft .-J»n
v
Feb ftft.ft 79%
65%
..
tt
DETROIT ft'ft/ft
/
Week'a
; ft
.Gray--, Iron,
Friars
STOCKS—
'r
:v-ft
5s"
Navigation—
Detroit Ac Cleveland
.-Federal
Friday
Jan
jan
ft 9%
ft
Feb
2%
130
ftyNew York Curb
:i_—".ft. ftftft.'ft
Detroit
96%
1967
:
'
^
ft/ftftftft.'-.' Last, ftft Rangeft
'ft !f ftft Sale'. Ptiice (ft of Prices
Detroit
...
ft
Feb
15%.
ftv •' 20%
American Metal Products
—
Baldwin Rubber •commoiu:-*— j-',, ft—.9%
Detroi fe Edison
2%8.
Jan
29
'Exchange
".ft 'ft ;' ftft/'ft bT€M>KSJ—••
21%-Jan
16% Feb
1,200
12% Feb
2%
common
Morse
24%
20
Members
'
.-ft./ Friday
Par-
lift
300
12
1ft
L
BONDS—
Fairbanks
ft
.
ftft4 Telephone: Randolph 5530
Jan
100
15'A
11%
-X
Corp common
Co
Ac
15'4.
;
Bunray OH Corp
Baited Corp
Wilson
ft
.28
J
Steel Spring
Standard
i
of
24%
.
Id
Socony Vacuum Oil Co Inc..
Standard
7%
»
41
22%
ft 25,
68% a69'/8
Jan
Jan*
8%
1
:
Republic Steel Corp common
ft,
1
/
18 ft Mar
*
.
346
ft
7%
Jam
ft Jan
.27:
Jan
800
26%
8%
*
'
Mar.
.
34
//ft
,
.
-
:'.S3a ft'2%-'
15%
Ford Building ft'/v*
'
.
19
;
"
New York
'
18 3A
*
Pure OH Co (The) common.
39
"3T
Jan
9%
21'ft
4ft Feb
ft.
200
9" ft"
>.
1'8%
'
'
ft-*U
-
SVa
u25
...
.
Jan
* ft
Feb
Feb
Feb
ft
3
Jan
4
.
./; 15% Jan ft
Feb
12%
Jan
-
15%
ft, 9*
'
rc'%
com—I
new
ft ' *' *
Jan
32%-
14%
15%
4%.
—
2% Feb
678;,;:V
104
Jan v.
13%
Car
Jan
29
i
Feb
'ft-'
35% Jan
200
15%
capitals.
.Pepsi-Cola Co
(
Jan
4%
Airways Corp
Paramount
Feb
4ft
1,000
.
1,300
3% '
—Iff
Jan
<.6%
24
50
Watli.ng, Lerchen
•
4»A
32%
.
Co
25%
Feb ft
4%
Jan,
Jan
5%
(
Corp
American
Jan
24%
250
Jan'
.
&
Refining
Jan i
8 ft
6
5%
5
5
,
New Tork Central RR
.
12%
,
'
Jan
H%
Feb
II
Gtaham-Palge Motor*
Laclede Gas Light
.
ft
710
Jan
16%
„
■
CUrtisS-Wright
"
Jan
34ft
Feb
6%
'
*■
Feb
7
Jan
34
Feb
10%
1
Motors
\ 7'. 43% Jan •'
-.ft 32% Jan ;
25ft-. Jan
Jam
■■
-
Continental
Jan
f
Feb
30% Feb
:
3%
Feb
26%
400
32%:
31 Ve
ft'
*
•
Product#
Certaln-teed
Columbia
common ' new...
%
31%
31%"
700 "
13%
12%
v
*
2Ts Mar
100
m
.274
■**
*y
Ad
JJ0
—•
Jan
!'
''
ft 90 ft '
ft.
ft;' 44 %ft44%;, I -2
O 8' 8tcd' common-
i
.
Aaaeonda Cooper Mining
Feb
31%
.
:
'ft- V '"'
5 ft
8ft
a25
'
Feb ft
Feb
?5% 25%. ;
Ohio common---—.10 •ft'lft.ft
48V2. Jan.
39% Feb
ft. 11 : '
Products common.....ft—ft; i-ft—'"'ft a44% a44%/-ft
75% Jan
Feb
137 ft ftC8'ft
-ft a69 ftji70ft Vy'.;
(Unft—
8'/r Feb 'ft'ftft-Mf1/? Jan
8ft 'ftft8%:ft8%ft ■■■ 195 /
Iran, Works-™_ft--_™-I-ft
Jan
11%
12 V* Mar
Feb
7
14%
39 ft
ft
825
13 ft a 13%
.
_„__
;—
,—
7€-
—•
Feb
100
Radio
-
'*•
Jan
Mar
31
31
900
25
200
26%
10
..'10%
31
26%
—
Corp
American Radiator
25
'
ft
.5
V,
Feb
21%
ft 65
'
I",
Jan
23 V,
ft
Jan
a
44%* Jan
.
1.'" 7
C ."t"1
,
13%
'ft
443
; ;.ft
.
''•••ftftlTvft"
Mar
*
•*75
,
■H
>
,
,
22
:
Jan's
58 V* >Jan ft
'ft:
14% Mar
ft St*ndard .Oil of
31
::
•
Allegheny
/
ft'ft
33
Jan.
I;:a37%;.a37%„ ft, ft 25 ftft
26%' Feb :
7 :30
39 -• 7 ftv. ft. 20 • \I 32%- 3T% 'ft'- -15 v;. 32". Jan ft
50 ft .26
Mkr
26
26 ft
ft
16% Feb
20
ft
7.ft;al6% al6%.
.i
Youngstown-
Unlisted
150
a24% a24%
ft 3
3y,
RR (Un)™—.
class B—...I...
Jan
37
Feb
45ft
<
■
.
31
common....-..:.
j._—*
Westinghouse Elec & Mfg com—_ 12%
Wisconsin,, Bankshares
common
•
Woodall Indust common..u.ti.......2
Co
,
70%
70
28%
170
'
47
21%
Feb
300
29'A- 30%
46- "
..2
16
900
16%
25 ft
-1
Mfg-.--.—-■
Pennsylvania RR (Unl™16%
Feb
39%
.
.
50:
,
lift'
ft 47/,
L_1
'ftlft.f'ft'- IMtIV
Brass
17 ft Mar
50
..5
—
Acme
";N Y central
7'/ft
10 ft
a
■
...28
......
common
Walgreen
*
29%
common.
Carbide Ac
11
,43
9ft
100
ft ft',7 35%
Feb
•.
47
13ft
21%. 21%
Brlcte.-2ir—ft: >4%
■— ft——
Feb
37 ft, Feb
200
17'A
Salle St Corp..
La
9%
38%
ft7"'59 ";Jan
Feb
32 V«
"
ft 12:.ft'':"
;
76 .-ft
B_:ftl.—ft.
(A Gi- class
"1
22% Mar
?
•51% Feb
40'
■ft 62
33%^:
Metropolitan Paving
;
Vi
>
8
—
(The)
Co
So
208
9%
38%
,
10
jbuuoeam Corp common
/—
Sundstrand Mach Tool common
Swift &
ft
1
common.^.
common™'.
Furniture
390
—25
capital
ina
ox
33
ft
I-ft'22ft.'.;
13ft
Sessions-,107,11
&
MccKee.
-
1
Forgings common
otauaard
f
■i
25%
31%
V
Feb
- 743 ft
11
.59
14ft1*:-
interlake./Steamship
8ft Jan
'V
~5<r
•
32%'
a 52%
Rayon'-v;(Un):;ftftftrftTXX, a42% a42%/;,
Mar.
25%
200
:22-
common____^-___-_-—--5:ft;i_I;ft:
Bros
Industrial
Larmson
—'
*,
"ojjiial
"
Jan
-
33
'/ South Bend Lathe Works capital—.8
Halle
ri
200
a41ft a41%
commonft:100 *'
100
;class. A____ J—* ft ..
■*
S5-% * Janft
.^eb ft
47%
20%
.
.
Bros", Cooperage
Jan
34%
.ft
90'
ft;;
V
r
Gray. Drug'
31
29% Feb
Jan
ft
22ft
22
32%
V;'
lan
■
,
'-y '*
ft:
Jan-*'-.
:
ySL
Jan1; '
;!■; ft,ft 51ft': Jan •
Feb
43%
Jan
-.Jan
81
-
Feb ft ftftft-37%
15-ft: ft 27% Feb
.
a 52%
10
(Un)_
134%
ft
15«A
ft
.
t,
;'.:-14ft
Stores
Lakes Towing
11%
9% Mar
y
.
32
:■
Feb. y /ft
Jan
29ft,'.,
v
a45% a45%r
.
Mar
78'/2
»•
Jan,ft
r ft" 153%
Feb
'
3% Jan ft;
ft
>19
* Jam
24%-Jan
,,
Feb * ft
12%
ft
•
,,
Jan
28%
.
29
>'
'High
■
'<;■
Jan
Feb
148%
"V 50
a48 ft a48 ft 7
Electric, common (Un)_;
General Motors common
3 '/2
:109
ft1,..' *44 ft:.'a44%7v
(Un)"—_'_25
*
;
16%
ft 20%
82
'
I,
Range Since January
13%':,,.,;, .2,657
a28 ft a28ft
,
--
'
Brand Clothes
Society
Jan
100
*425-
V
78%v78%
,7jr y:
common.
ft
«36% a38%
ft
com-
Jan
31 ft
7'A
Sinclair Oil Corp..
R
&
;
.7
a29% a 29%
13 ft.
Jan
-20
Feb
28%
common.....
Firestone .T
Jan
9
119
27ft
13%
!'— : 7-7
Rubber."L^-__--I-./"-—
Faultless
19
18 V.
a^i% a2i%,iA % '■ 95
a 149% *150% 7 :;/T69
'
Jan
150
:
-
.
Manufacturing
Eaton.
Jam
159
Feb
"
16%
120
30 ft
16 %
Corp
Prod
Jan
50
•
••
100;
—
Preferred.
34%
'.a
'•
class B common
Serr'ck Corp
Shellmar
*15
Feb
Low
3'/2
3'/2
.
I
19
Graphite. Bronze (Un):.:—.1.
Consolidated NaturaLGas- (Un
Jan
Feb
85
300
•
10%
•:
13% Mar
49
High
Low
Jan
6% Jan
*
5,250
200
30
13
13%
,'X
Jan
10
for Week
Shares
Range,
common.™—1
preferred:—
$4.50
Jan
21%
7ft Mar
60
28
111
71%
Sales
Week's
—
•
Fuel..——• ■
■
Cleveland: Electric Ulumln.
General
8%
-
37ft
9
Feb
135
850
17%
30
/
Feb
9% xlO
.-J*** ''
Co capital—;
Ac
Feb
121
ft
of Prices
i
..
Cleveland
Mar
19 ft
90
16%
*
Sears
62'%
'
1
—50c
—5,
_—...
At
Coach
Clevefancb Cliffs Iron-
F eb
"100
Par
ft.'
x-.
Amer
(Oh)—1/
American Tel At Tel (Unj—:
100 Ift-.I h
Jan
Feb
IIff
7%
89
89
-33
4%
■'
Sangamo Elec Co common.'
Schwitzer
Cummins capital
50
Body.*Home Products common
Feb
24
:53ft
8ft
147
7%
preferred
13%
50
Sale Price
ft
Feb
Feb
49
;
''
...
.
American
Jan
Jan
250
ft;
20%
,
145
ft
200
150
9
8%
1
"ft
34
33
.
20
•
100
common
common
13'A
Friday
-I Last
"I.STOCKS— ft ,1
City lcc &
Feb
4ft
50
49%
15
16-ft
15% Mar
4%
'
Akron Brass Mfg
Feb
13%
22%
preferred™
T'i
Jan
'
Jan
400
,U
J:
Jan
15%
■
46%
620
65%
'■
Jan
9
•
V/b''
Feb
*
64%
50
.50
preferred.
Printing
x
*'
Jan
10
•
•
9%
Feb
8%
7% Feb
__I
..-
Jan
40%
156
65%
Feb
16%
49'%
Cleveland Stock Exchange
Jan
2Gft
common
A'-'
19ft
77% Mar
;"ft
14%.
49%
Jan
4,000
8%
8
13%
10
*
Jan
15'A Mar
26
43'%
Jan
19%
Feb
47 % Mar
103
47%
%
41%
42%
*S.
Jan
600
8'A
&
U.
Feb
6%
400
23%
7%
49%
9
Feb
16 ft
-
1,000.
9
8%
,T''n
6
300
18%
8%
L—
'
-
47
Q
P
Jan
6%
1,500
9
ft.
Co—L
"
Jan
14%
12% Mar
100
&
16%
50
58
Mar
Mar
5
Feb
4
30
4
4
'
10
15 'A
'•'■•'
..50
_—
1% Ms»r
1% Mar
120'
1%
1%
22%
8
—™™_1„
100
Pennsylvania RR capital™.
50
Penect Circle
(Thei Co new com__2%
Rath Packing common.™—
_i_ 10
6%
200
12%
vtc
15'A
/'V
3ft Mar
Feb
8ft
52
240
Jan
29'A
20%
common-.
Manufacturing
Peabody
Jan
9
,
Co
Ward
uti1
Fort-fifcst;
Oak
32ft
16%
Feb
75
10
3ft
13 "4
Jan
Feb
16%
Kroger
Mar
28%
6%
National Standard common.—::
Northern 111 Corp common...
.
13
8%
a
*
ex-distribution—
Co
Brew
Chemical
Montgomery
;
Feb
12%
Modine Mfg common'
Monroe
42
9%
42
20%
common
preferred
prior
Minneapolis
(
Mar
350
—
Hart Inc common
Miller &
30
10
17%
cap
Jan
22
Libby common
Middle West Corp
64 ft
42
**■
—
common
<te Co
Field
Marshall
Feb
57%
160
53
8ft
—
Preferred
Jan
58
common
Libby McNeill <fc
It
28%
—
Kelloeg
La
Jan
9
J.1U0
52
class A (new).
Hobart
Kahn
Mar
30
Jan
75 ft
.
3ft Jan
81
Jan
Feb
7%
678
252
52
.50
™.„-i—.
Gibson Art
Jan
lift
9% Mar
24 %
58
28%
Drug Co cominon..iii.„..
Switchboard common
Katz
Feb
Drug
Dow
7%
75
High
Low
75 ft'
7%
73i
.2
Cincinnati' Telephone
Jan
16 ft Jan
10
pi'd
$6
Power
21
42
Power & Light com.
Sfeel
Prod
warrants
Interstate
43
Feb
4.*0
1,150
30
9% Xl0%
9%
58
Indianapolis
Inrti-ma
.1,400
10'/,
9%
28
29
10
100
com—•
capital
Co
Brick
50
*
common
Feb
17s/,
15s/,
100
18 '/a
16
3
common—25
At
(Geo
Illinois
41'/2
18 %
(new)
Bartiett
Spencer
Hormel
capital
Brew Co
(G)
Heileman
41%
1
1
Hammond Instrument Co common
40
10
Street
Cincinnati
Feb
Jan
11
100
18 Va
ft
*
•
common
Mar
10
January I
Range Since
Shares
High
Low
Par
High
Low
10
Inc common
Bros
Goodyear Tire &
Gossard Co (WHi
I
Range Since January
for Week
Range
of Prices
Sale Price
High
Low
Sales
Week's
Last
Range
Last
Friday
Sales
Week's
Friday
.
EXCHANGES
OTHER STOCK
RANGE
Monday, March 8, 1948
;
;
CHRONICLE
COMMERCIAL & FINANCIAL
THE
(1072)
36
1%
Jan-
r
-
Volume 167
Number
4679
THE
COMMERCIAL
&
FINANCIAL
OTHER STOCK
RANGE
Friday
Week's
Last
STOCKS—
Par
National Stamping common
Pacnar*
Mown
Park Chemical
Parke.
2
Products
(H W)
River
~5Ya
1
500
common
S
Tube
—_—
class B
Tool
Die
&
common
4¥«
Jan
3,'/4
Feb'
3%
Jan
240
28%
Feb
33¥4
Jan
5%
3,300
4¥a
Feb
6¥a
Screw
6% Mar
8%
200
5
Mar
5
9% '
200
8
Feb
10
Jan
Feb.
16 ¥4
Jan"
9
¥4
13 V*
3%
1,000
14
200
Feb.
¥2
12
4
—
Armour
&
Co
(111)
Topeka
Santa
Fe
Atlantic Refining Co
Jan
Avco
Mlg
Barnsdall
Oil
3
Bendix
3
400
3
Feb
6
3 ¥2
6
Bethlehem Steel Corp
10 ¥s
100',
■„
;57/a
Feb.
10
Feb
10%
13,%
13 ¥2
100
common-————1
1%
114
400
2
600
2
6 ¥4
.'.;Feb
l¥a Feb
2
1
1,025
12
13
Jan
2
Jan
2*4 Jan.
,
Feb
Corp
Boeing Airplane Company
Company (The)
Eorg-Warner Corp
Budd
Angeles Stock Exchange
Last
•'
/
'
'
STOCKS—
'
Range
Sale Price
•P«r
Bandini
Petroleum
Barker Bros
4Mi%
Company
10
—
High
6 ¥a
2,200
4¥i
22 ¥e
22 Ms
-
22 ¥s
585
21 ¥2
39
Barnhart-Morrow Consolidated
l
*
39
60c
Basin
12 ¥4
Oil
Bendix
Co
Home
Appliances,——
Diamond Corp
!
Blue
Bolsa
Chica
Oil
33 ¥3
12
Creameries of
..."
Electrical
Exeter
Products
Oil
Farmers
Co
&
Ltd
Tele
Fitzsimmons
class
&
Nat'l
Co
Hotels
14%
'
—
class
8 ¥2
_2
52 ¥a
1
i
w
1st
16
9 ¥4
9
97/a
1.30
Oil
1
.
8 ¥4.
Cc
80
al7
800
8
8
¥2
16¥a
16 ¥2
310
31 V»
31 ¥»
31 ¥4
17
common
1
al6Y4
-'75%
*'•
47
pfd A__
130
30
Corporation
Steel
24%
12c
20,500
16%
Tiae
122
32c
1,016
26%
15%
26 ¥4
1,780
Feb
471/3
>=
>
_
31
Corp
24
10
Inc
41
1
:■
'foliar G &
Imn'-riHl
Development Co Ltd
/iiistfd
_25c
37
-,
& Refining
"ootnotes
see
page
Co
28Ya
24%
25 Va
32%
47 ¥e
43
57%
58%
10 ¥2
11"
10%
-
807
>
25%
44.
Jan
70
105
16 ¥2
Feb
a50
95
48 Y4
Feb
16
16
125
16
Feb
17 ¥4
a!8Ya
al8% al8%
130
18 ¥»
Feb
20
Jan
13 Va
340
13
Feb
15 ¥2
Jan
10¥4
10%
1,610
18¥2
19%
430
a29Ya a30¥t
147
13__
4Ya
414
Air
a
814. Feb
MJan
¥4 Jan
Jan
'
4¥j
9¥a
Feb
177/a
1,387
10Y4 Mar
Feb
26% Feb
.
19 Ya
Feb
30Yb
Feb
4 Yb
Feb
9
9
110
8Ya
Feb
18%
1814
245
18 %
Feb
20
al6%al7¥i
164
16 ¥2
Feb
19 3/4
18
Feb
22
Jan
41 ¥4 Mar
47
Jan
5
Jan
9%
Jan
"
—
—
al8%
al8Ya al9¥a
41 ¥4
—
60
.
a45% a457/a
__
.
160
,41 ¥4^
10
a—
28
583
126
a7Ya
100
—
8
a—
—
25% Mar
Jan
Jan
ft—
30
Feb
Jan
9Ya
Jan
a7Ya
al¥4
21
IY2
Feb
l¥a
3Ya
365
3 Ya
Feb
3Ya Mar
25 ¥4
247/6
25¥4
515
22%
Feb
26 Y*
Jan
26
26
100
26
Feb
27
Feb
—
al5Y»
al514 al5Ys
a23Ya
a23 a23%
25
38:
—
Lines
a72%
a71Ya
Co
(F
W)
2014
Jan
30
32
Feb
3614
Jan
a53% a54 ¥4
170
53 ¥2
Feb
55 Ya
Jan
57
49 ¥2
Feb
55 Va
Jan
540
19 ¥»
Feb
23 ¥2
Jan
197/e
Feb
1714
a53a54¥a
20%
21%,
19 ¥2
19 ¥3
235
a98 al00¥a
a__
133
156 Ya
Jan
26
175
23 Yb
Feb
26
Jan
18¥4
al9
100
Jan
1714
Jan
2%
2V4
300
2 Va
Feb
2Ye
Jan
a40Ya a40%
100
38 ¥2
Feb
38 ¥2
Feb
11%
750
10Ya
Feb
13
Jan
a
—
11 ¥4
10%
19 ¥4
16
156%
19¥4
100
187/a
Feb
20 ¥4
26Ya
26%
436
2514
Feb
2914
a7YB
a7%
10
7 Va
Feb
45
230
—
„
1
Feb
—
al62
«
*
a—
26
a40%
12%
19 ¥4
195
a—
al58Ya
—
—
5
Warner Bros Pictures Inc
Western Union Teleg Co class
Jan
Feb
—
10
78
17
,
—1
—
Feb
Jan
Jan
Jan
a—
—
lo
(Del)
71 ¥4
I6Y4
2714
39 ¥2
95
20%.
5
Inc
131
FebMar
—
Feb
a3214 a32%
—
a54¥»
100
Feb
25 ¥2
38
a__
400
17¥a
—
*
a73
—
15
99
210
al2% aI2%
•
Company——
184
38,
al2Ya
1
Corp
Feb,
Feb,
34%
Jan
44 Ya
Feb.
50
—
10
Jan
55
Janr
62 ¥4
Jan
9 ¥4 Feb ,
11%
45
45
Jan
1,509
/'
949
al2
10%
Jan
32%
825
•
22 Y4
170
,
.
50
13Ya
Mar
9
4514
Jan
Feb
Jan
Jan
Jan
2,474
10Ya
Friday
2 2 ¥4
24%
69%
41
41 ¥2
7%
1.00
1.15
3%C
Week's
Last
STOCKS—
i6. Jan
"3% Jan
American
Stores
Tel
12
18 ¥2
Jan
20
of Prices
21 ¥2
Feb
26%
Jan
Budd
225
69 ¥a
Feb
77%
Jan
Chrysler Corp
39
Feb.
45
Jan
Curtis
Tel
—100
Low
23
2214
Shares
Low
23 ¥»
285
149% 150%
150%
Range Since January t
High.
1,445
22% Mar
14814
Feb
High
,,-25Va. Jan
153% Jan
Jan
2,393
&
*
——,
Sales
for Week
Range
Sale Price
Par
Feb!
V
Philadelphia Stock Exchange
American
Feb
1,045'
500
,
7
Jan
70c
Feb
1.15 Mar
3C
Feb
5c
Locomotive
Co
Works.
13
—2%
——
«•.
Publishing Co
2,900
1,000
12%
12%
9
—,——
9
55 ¥4.
56 ¥4
7%
714
13 !
714.
12^
158
:
9
56 ¥0
8
40*"
1,437
5214
360
7%
Feb
15 ¥* Jan
Feb
It
Feb
63 % Jan
Feb
Jan
9% Jan
7% Mar
3
100
3
8%
420
7%
a28
9 ¥2
a9¥»
16%
a49%
Jan
3
•
Feb
Jan
Mar
8 ¥'8
.
°iting
Jan
Jan
Mar
l
al3
13 Ya
46 Va
a8%
Corp
Woolworth
27
j
—
Airlines
Radiator <fc Stand San Corp •
American Rolling Mill
10
F
v
—
Jan
Feb
alG%
„
*
Jan
36
3%c
T.15
Jan
Jan
¥2
12
2714
10
Westinghouse Electric Corp
Willys-Overland Motors Inc.——
23
7 ¥4
1
10Ya
27
a—
42 ¥2
20
322
a8¥i
Co
Mar
Jan
Stocks—
Alleghany Corp
ah
Mng Co—_
■/.
a—'
3,¥2
Delaware Power & Light
Battery—
Motors Corp
13 Va
Mar
Jan
3
Mar
8 ¥2 Mar
al3 al3¥»
85
a27% a2814
216
27 ¥2
Feb
27%
Feb
a48% a50%
70
52 ¥4
Jan
56
Jan
13
Feb
14%
General
Gimbel
Brothers
10
5
Lehigh Coal & Navigation
15%
Feb
5114
267
4914
Feb
55%, Jan
517/a
53 ¥0
840
51 ¥*
Feb
58%
1714
Feb
21 Ya
Jan
9% Feb
10 Ya
Jan
1914
Salt
Mfg
-
18%
18 Va
:
19%
83
10%
361
6V0
2,241
,
"
514
Jan
17%
6 ¥4
Jan
Jan
Jan
100
43 V8
w_
18¥a
19
1,323
18
Jan
19%
Jan
16 Ya
common—10
pfd series A—-—
1,527
10
Jan
3 ¥2 %
16 ¥2
4914
52
10
Pennroad Corp
Pennsylvania Power & LightPennsylvania RR
Pennsylvania
16
1614
" 50 Ya
Electric Storage
S
Feb
al¥»'
—
Carbon
<te
Aircraft
Jan
Mining Stocks—
■&.
Feb
Feb
38
a7Ya
Co_,
Twentieth-Century-Fox
United Corporation
29Y8
50
a8Ya
25
18 ¥2
Feb
10
26 Y4
50
Feb
5 Va- Jan
Feb
a49%
25
55c
Feb
314 Mar
38
'
44 ¥4
25
Associated Oil
U S Rubber
Jan
51 ¥2
51 ¥2 Feb.
.
135
al2¥2 al2%
—*
-
Jan
Mar
Jan
3Ya
—
Jan
136
12 Y4
.<
'
*
—
(N J)
37%
A 17c
Feb
1,1 Ya- Feb
•
——-
United
856
695/«
•
Inc
Jan
Feb
Feb
Jan
34 Y4
a45
15
Feb
Jan
Jan
35 Ya
Feb
20
a26
a9
15%
32Ya- Feb
1
Pacific Railroad Co
33 ¥a
Jan
Jan
Feb
3414
50
44 ¥4
5 %
20
229
850
„
Feb
15%
Jan
7 ¥2 Mar
Feb.
30
alOYa al0%
al2¥s
4%
50
30 Ya
Feb
144
.
4Ya
a45
%
*
(Ind)
51
.
r
ft—
Feb
20
15
a38¥aa38¥a
a25%
1.75
Carbide
36
a21% a21%
25
314'
7
350
al2
—
25
;
Webster. Inc
Water
Baldwin
common
Brands
Company
Gulf Sulphur,
United
100
,
—
27%
al¥t
Union
27 Ya
al.2
10%
al2
a—
50c
Union
36
32%
5
Consolidated Oil Co
Air Lines
Jan
Jan
27.
2
Transcon & Western Air Inc_
17c
26 ¥2
7 ¥4
7 ¥2
a25 ¥4
*
17%
•
50
a51¥a a51¥2
•
20 ¥4
Mar
28Ya
48,950
50c
California
70
* 55c
36
1
inc
of
46
3.7c
26 ¥2
*
•
;
Corp
States
149
-
47
12c
25
Company—
Tri.n>an.*rica
46
1614
_25;
Calif
199
a33% a34Va
a30¥a a31%,
224
—
60
—
17Ya Jan
5 ¥2 Mar
Feb
18% Feb.;
15¥2 Feb,
325/8 Feb
40c
!
25
4¥a
a50
a32V2 a33¥a
Mar
Texas
,
15% Jan
;
1,010
16c
preferred-——25
cumulative preferred——25
of
125
5%
217
convertible
Co
17%
130
preferred'
Oil
a
4%
Co
Pictures
Standard Oil Co
1.10
Feb.
Feb
Jan
Jan
al2
1
Socony-Vacuum Oil Co
Feb
Jan
8 ¥4
2.50
Warrants
"
1,665
a34 ¥t
26 ¥2
Jan
6 Ya-Mar
a34¥» a35%
__
*
Inc
Studebaker Corp
Swift & Co
41
Jan
2Ya
120
al6¥4 al6¥4
a32 ¥2
18Ya
Radio-Keith-Orpheum Corp
Stone
Jan
5%
al6¥t
a30¥a
Incorporated
Feb
Feb,
28 ¥4
Feb
6¥a
Jan
Feb
Jan
2 ¥4
14Y4
5¥a
1
33¥3
Jan
49
27 ¥2
22%
a21
*
Corporation
51 ¥2
Feb
85c
Inc
—
Company
Corp of America-;
&
Jan
30
357
Jan
5
—
Oil
Standard
ll3/4
Feb
a21.
Co——-—100
Railroad
53
22%
335
•
Schenley Distillers Corp..,
Feb
Feb
13%
•
Jan
3OY4 Mar
35 ¥2
39
1,800
18-14
a3114
l
Southern Calif Edison Co Ltd com
Standard
5%
16¥a
A—
Pacific
5%
85c 92¥2c
Inc
Airways Corp
Dodge
Texas
18 ¥4
•
Calif Gas Co 6%
770
16%
Pennsylvania
Republic
36 Va
1014
21Ya
7 ¥2
a21
•
34% Mar
100
270
5 Va
7
Co,
Pepsi-Cola Co
Pullman,,
Jan
Mar
350
—;
•
Corp
Republic Steel Corp
Jan
%
Feb
Mar
49
•
Co
Pictures
Standard Oil Co
y'.-;, 75
26
a
36
II Fob,
10
Canada
Corp—_—*
Aviation
Car
American
Pure
1,268
38
a29% a29%
3
Jan
2.85
Mar
^
Jan
Jan
19
Feb
49
15¥e
15
OR Corp
Southern
49
970
18%
_30
Calif
01
130
a50
16 ¥2
25c
class
49'
50 ¥2
a41
__
•
Co
30 ¥2
33
25 ¥2
92 V2C
•
Company.
900
710
.
a397/8
1
Corp,.
2,974
1ft
49
25 ¥2
8 ¥2
31 ¥-. Mar
1,983
/f
1
34
49
Feb
Jan
45c
16 ¥e Mar
30%
a50
__
I
—
ft
&
Pacific Rwy
Ohio Oil Company,
Phelps
Jan
....
2 ¥2
7¥?
1
Central RR
American
Jan
20c
Feb
32
49%
York
Paramount
Jan
58 ¥2
Jan
p.49%
a29¥i
>
Tel
53 Ya Mar
6¥a
—a38¥a
Nash-Kelvinator Corp
Nat Distillers Prod
Corp.
Pan
Mar
8Y«
Feb
33
—
*
2
1-30
Mar
1.95
•
Jan
37 ¥2
14
__
v
12 ¥4
110
208
a21 a21%
—
.
Mar
Jan
al6¥a
Jan
r
10
¥4
137/a
__
•
•
Libby
Montgomery Ward
Packard Motor
/Jan;
1.40
Jan
35c
&
325
38
2 ¥4
16%, Mar
Feb
6%
100
—*
Loew's Inc
Feb
I "£*'
Jan
16c
a21
Copper Corp
McNeil
Jan,
10 ¥4
a25% a257/a
Feb
15
Feb.
7
2 ¥2
Internationa^ Paper Co__———-15
Kennecott
Jan
10 ¥4
38
a257/a
1
Co^
&
52
Feb
10
—
—*
Ry Co pfd—
International' Tel
Jan
8
10%
Greyhound Corporation
Jan
'
•
Feb)
30 ¥2
common,
.
l¥a
/ :• 6,400
10
—
,
(B F)
41
41
.
35¥4
;
Northern
1.25
Jan
95c
500
35c
33¥a
Goodrich
39 Ya Mar
50
325
1014
Graliam-Paige Motors Corp
Great Northern
Radio
2.25
lo
Corp__;
^troleum
Western
a6 ¥2
2.10
2.50
Signal Oil & Gas Co
Universal
¥2
6
35c
25
common—;
—
Oil
Trading
Oil
1,800
,T
Corp
160
25Y8,Mar
8%
10
——_1
—
Foods
Jan
34c
39 ¥a
Feb
Feb
8%
34%
General Public Utilities
Corp
Jan
21
8% Feb-*
6,630
2.10
1
Sears Roebuck & Co
United
2
1.20
•
1
—
5
Union
•¥
al6
alQ
1
Textron
4,760
1.15
a
1
Finance Co,
Union
Feb.
14 ¥4
1%
Sateway Stores Inc
Sun rav Oil
Jan
698
1.10
Seaboard
So
*
A
14 ¥4
Feb
22c
1,300
"2
—25
Corp
Aeronautical
4.32%
15¥a
97 ¥2c
1.35
1.15
1
Drug Inc
Rice. Ranch Oil Co
4.48¥r
500
1,900
16%
1
Class
100 ¥4
2.60
23%
a46¥4 a46%
_5
Electric Power & Light Corp—
General Electric Co
North
.
31¥a Mar
150
39%
__
•
Publishing Co
Curtiss-Wright Corp common
Jan
Jan
8,900
1.25
1
...
43 ¥2
'
16 ¥4
1
——_„——„:
Co
1.55
t
Rexaii
Orlg
41% Mar
3,945
34c
Western Oil Corp,_
—10
Puget Sound Pulp & Timber Co—*
bin..,
2.45
1.05
Pacific
Sir.-;i i»
455
Jan
545
25Ya
1'0%
—
57Yi Mar
•
Feb
16
10c
:«
Feb
28c
preferred
Petroleum
Feb
12
97 ¥2 C
common
Indemnity Co
Lighting Corp
Jan
Jan
35
27Ya
31 Va
25Ya
*
Curtis
New
JI
Common
10 ¥2
10
51 ¥2
92
32c
Co
Elec
Jan
800
1.05
Mar
9 ¥2
226;,:'
v%—::
Rights
Sierra
75
Jan
1
Libby,
Feb
29 Va
100
31%
Jan
320
Jan
12 ¥a
10
Jan
7%
92 ¥2
:^__10c
1
14%
8¥a
935
42
2.35
Jan
5 ¥2 Mar
12
2.45
•
24Ya
%
Feb
5
■
95c
a27% a28¥4
25
Crown Zellerbach
Corp
Jan
11 ¥2
34%
(Del)
15 Ya
35%, Jan
*'
Continental Oil Co
Jan
Feb
25
53¥2
Continental Motors Corp
Feb
—
5%
Feb
Corp__—1
International Nickel: Co of
Feb
92%
12 ¥a
Jan
Feb,
295
250
52 ¥4
4174
5
Finance Corp common
Security
51%
*
Occidental Petroleum Corp
Oil Co
Shell
8 ¥2
Jan.
f-;,
Jan
60c
20
Jan
-
Feb
845
a9% alOVa
Co common—*
A common
320
5%
¥2
8 ¥2
alOVa
10
Corp
&
Feb
32%
53%
ll5/a
Jan
Jan
12%
Feb ":'
,50 ¥2
50!,
320
1
Oceanic
Gas
29 ¥4
.;
i 10
5
5 ¥2
Jan^
16Y4
13% Feb * -V
A
City Lines Inc
Nordon Corporation Ltd
Northrop Aircraft Inc
Ryan
al2
Feb
63%
112
Manufacturing Co
nelo
230
yi'-;
;; 1,500
1
Company
Corp
Republic
Feb
Feb
65c
National
Pacific
13%
54%
13¥a
(The)——
Petroleum
100
995
a56¥2 a56%
TOO
Petroleum Co
Lockheed Aircraft Corp
Pacific
3
Jan
65c
Bk
Lincoln
6%
r,
32
21
13%
Corp
Paclix
56
Jan
31%
'/•,
.Feb
■
4
Kaiser-Frazer
Pacific
14¥4
32
28
,
€75
W-
15
29
107/a Mar
12
Aircraft
127/8
Jan
a__
Feb
10 ¥2
10
Jan
Jan
Vultee
General
:1'¥V'
23 ¥2
7y8
21 ¥2
Holly Development Co
Hudson Motor Car Co
Intercoast Petroleum
Mercnanu
2,705
1814 Mar
13%
680
Corp
Radio
Goodyear Tire & Rubber
Menasco
11%
Feb
24
Motors Corp common
Oil
10 Va
1
Corporation
Jade
Feb
23%
A
General
Hilton
Feb-
7-Ye
23
•
Corp.;—
Stores
Oil
6 ¥4
a12
Garrett
Hancock
177/a
50c
Merchants
Farusworth
120
32
Inc
Jan
12% Mar
1,975
V
America, Inc
Industries
Jan
77/%c
Feb
2,125
J a27% a27¥a
Corp
:
44 ¥2
Feb
6¥a
23 ¥a
____
Douglas Aircraft Company Inc
Dresser
Mar
10%
8%
107 0
Jan.
52 ¥2 c
18%
.'
—
24
,"
Jan
1,400
55 ¥2
Steel
Feb.
7%
Chrysler Corp
isolidated
39
6%
4,070
12 ¥4
18%
—
8¥a
•
California Packing Corp common-
»y
120
Cons
High
Jan
6%
,/■
1
Central Investment Corp:
Certain-teed Products
Corp
39%
60c 67 Vic
2
Corp
Broadway Dept Store
Low
—
4Ya
33
53¥a
Consolidated
a—
450
150
53¥2
Commonwealth & Southern Corp
Edison Co (N Y)
Range Since January 1-
5%
6
—50
—
Shares
Low
1
Corp common—
preferred
for Week
of Prices
97¥a
100
—
*
Company
Jan
35
25
Commonwealth
Jan
91
al3
25
Columbia Gas & Electric
Corp
Edison Company
Sales
14 Ya
10 ¥2
*
Service
Feb
35
„
Cities
Jan
1114
al3
5
:
Co
^4%
10 ¥2
15
—
Feb
—,
5
Borden
5 ¥4
Jan
32
10 ¥2
'
*
Caterpillar Tractor Co
Week's
5
152%
90
*
Feb
86
11%
,5
5
;
Canadian Pacific Railway Co
Case (J I) Co
Friday
11%
Jam
Jan
17 ¥2
,
'
Jan
Aviation
490
33 Ya
a88% a90Ya
100
5
3 Va Mar
470
High
a—
a31% a31Ya
13
Co
Feb
149
10
a90Y8
3
Baldwin Locomotive Works
Baltimore & Ohio RR Co—:
892
a31Ya
i_25
Corp,
Low
150 ¥4 150 ¥t
11%
Ry__100
(The)—-,
2 ¥2
10 Va
common
Jan
Range Since January 1
High
32%
5
&
200
■
Shares
a517/a a517/a
50
3 Me
1
1
Los
150 ¥4
14
3
i— 1
for Week
Low
■
100
Mar
100
1
Products
Par
.
Copper Mining Co
Anacanda
Atchison
5
—
—
American Tel & Tel Co
American Viscose Corp
Jan
7 Mi
common
common
Aircraft
Wavne
Feb
3 ¥4
10
—
Corporation.
Radiator
Warner
4
334
common______l
Brewing common
Udylite
U
Jan
6%
.
Tivoli
2%
5
common
Manufacturing
Superior
..
Feb
V4
Sales
Range
Sale Price
■
High
<
21/4
5
Paper
Scotten-Dillon
Standard
100
28%
5
—
Shelter
V2
Week's
of Prices
Last
STOCKS—
2
,
Raisin
Ryerson
796
28%
Peninsuiar Metal
Rickel
Mi
3%
4
Low
■
3%
Davis
5
Range Since January t
High
2
3%
MARCH
Friday
Shares
2'/a
4 %
common-,
EXCHANGES
ENDED
for Week
Low
c-ar
WEEK
(1073)
Sales
Range
of Prices
Sale Price
FOR
CHRONICLE
17 ¥a
1,774
1614
Feb
20 Ye
Jan
43 Va
170
4014
Feb1
47
Jan
107 ¥4 107 V*
2
104 ¥2
^:
43
Feb
117 ¥2
Jan
37
u
(1074)
OTHER STOCK
EXCHANGES
WEEK ENDED MARCH 5
FOR
RANGE
Monday, March 8, 19484*
CHRONICLE
COMMERCIAL & FINANCIAL
THE
38
Week's
21'%
4,573
21'A
Feb
23%
"332
21%
Feb
24%
Jan
30%
197.
28
Jan
33%
17%
158
16%
Feb
20
Jan
Jan
9%
100
IIl3
29%
17%
17
9%
—1
r.
•
Feb
9%
11%
Jan
40%
;
JUn
39%
:
41%
552
39% Mar
52'%
106
51%
Feb
52%
Bridge—
^rausivInvesimi Corp 6%
Hatted' Corp common
4
2%
20%
2
654
-
-
--
26%
1%
Feb
4 V4
Jan
Feb
3%
1,330
2Hu
2
2%
21
Feb
Jan
1
50
3 379
78
2%
Jan
22%
Feb
Pe*/
-
Pittsburgh Stock Exchange
•
t
,
of Prices
26%
Steel
10%
20
13%
85
Co
Blftw-Knox
Columbia
'
'
,
Pitt
Fort
Harbison1
Lone
—Iio
c
*
,
-
Star Gas
\
.
^
,
Co.
—nn.——^
Brewing $3.50 pfd-
Pittsburgh.
Plate Glass...,
& Bolt Corp.
Screw
18%
Feb
12
21%
-
8%
McNeil
Ubby
&
u,oaiieed
Jan
Lyons-Magnus class B__
Jan
14%
11'% Mar
686
5
9%
Jan
Feb
4
—
40
40
370
40
Feb
52%
Jan
35%'
240 '
34'A
Feb
39%
8'%
8%
7%
Feb
10
Jan
1
-
:■
12c
12%
Jan
11c
Feb
285
Westingnouse Air Brake—
Westlnghouse Electric Corp
Jan
North
Jan
Jan
7'A
6% Mar
33% Mar
B
Class
Pacific American
Jan
Pacific
34 3 a
34%
96
32%
Feb
37%
26%
221
25%
Feb
30
Jan
.......
■
STOCKS-
American
Shoe
Brown
common
215
80
30%
100
30% Mar
33
270
6'% Mar
10
Knapp-Monarch
common
Jan
16
Jan
Jan
Laclede-Christy
33 !A
68
32'A
Feb
53%
221
51%
Feb
58%
45
45
'i
'-
65
40
Jan
45
350
33
Jan
35
Midwest
Missouri
Steel
2%
50
■—
4
8
■
.
common
10
1 ,5v*D
300
a31%a32%
165
13%
Feb
135
16'%
17
15%
'
5%
1.65
16%
S and
16
Jan
,19
Feb
•
Jan
17'A
Jan
24
Feb
26'%
Jan
137'%
Jan
5%
Feb
32'A
Feb
12
5%
4
Fob
95%
25
■:
13%
139
13
Feb
14'A
Jan
49%
270
48
Feb
55%
.
Aireon
Alaska
Alaska
Mfg Corp
Juneau Gold
—
—
Oil Corp
17%
1
;
Bank of California N A
% Jan
3% Feb
120
Mar
29%
7%
68\
500 -
29
Feb
6% Feb
32% Jan
Jan
Mar
Jan
6% Jan
260
Jan
9 - Jan
7
234
——————-1
Bendix Home Appliances——33%
Bishop Oil Co
2
Beech. Aircraf t
100
5 '
5%
...
100
Bandini Petroleum
3'%
120
Corp
—
al9%
5%
230
235
al0% a!0%
al8% al9%
6%
6%
125
20
-
.
;
<
5
230
25
115
.
,
6%
—
20
9
7% Jan
a—
a„
400
Sugarji\——__1
Tile cla«s.~
f—•
California Art
Packing Corp common
California
—
Caterpillar Tractor Co common—.
Central Eureka Mining Co—
Ai-..,., , 95
Clorox
...2.50 *
—
Chemical Co —
Colorado
Fuel
Columbia
Broadcast System
Commonwealth
Consolidated
&
Iron
7
7
9'%
28%
9%
,
.
7
Feb
9% Jan
29
.
..150
1,203
53%
53%
456
95
105
_
i
8% Jan
Jan
* 10%
,
33%
/ 58
— 1.30
*
Feb
53% Mar
28
3,650
Air
cl
—
B___2% '
...
Corp
"55%
'21
:
common
Edison
Vultee
3%
..
55%
—
25
of Amer Inc common
1
Crocker First Natl Bank
Crown
-
Zellerbach
Corp common
10%
1
55%
21-
al3% al3%
a24% a24%
26% 26%
14 14 %
29%
94%
__5
$4.20 preferred
*
2nd
*
2
preferred
Cypress Abbey Co
Di
—
110
S3
B
cum
For
5
common
preferred
footnotes see
36%
Jan
.
..
95c
.
—
■
415
'.-J 140
.
,
10
18
125
600
.
Mar
54% Feb
'.""20% Feb
a.
350
29%
94%
110
1.00
109%
itri
25
l,6ati
70
£'5
100
10% Mar
350
Feb
27% Feb
91% Feb
103% Feb
1.00 Feb
31%
Jan
Mar
53%
Jan
Feb
103'A
31
1,003
103
25
101%
13%
ICO
12%
Feb
30'%
49
Feb
Jan
15
25'A
23% Mar
620
24
Jan
90
25
140
Feb
a50% a51%
49
Feb
.7%
K
a57
15'%
Mar
Feb
24
Feb
61%
Jan
15'%
Feb
Feb
43'A
Jan
13%
1.957
42
Feb
36%
100
39%
42
49
22
28
15%
143'% Mar
55'A
696
24
23%
a56%
Jan
9.7
Feb
522
100
91%
Jan
100
7
Mar
10'%
Jan
43
30
43
Mar
54
Jan
24%
24%
200
22%
Feb
30%
Jan
32%
32-/i,
3J0
31%
Feb
33%
Jan
20%
21%
1,035
20%
Feb
23%
16%
16%
246
15%
Jan
18
Jan
28'.'a
108
Mar
32
Jan
7
43
32%
1
0
1
10
Inc.—.-
28
28%
Victor
West
Jan
13c
Feb
11c
8,800
34%
394
32%
Feb
36'%
Jan
230
30%
Feb
35%
Jan
28
Feb
33%
Jan
22'%
Jan
25
Jan
Feb
28%
■:'v.
a30 a32%
a32%
28%
28%
a
500
-
29
54
24% a25 Va
46
32'%
550
32%
47
47%
a 22%
2,073
48%,
300
a22% a23%
2,072
58','2
15%
27%
15%
Jan
Jan
'34
32% Mar
44,
Feb
50%
22
Feb
23%
Jan
Jan
1.10
Jan
Jan
62'%
Jan
1.00
40'
1.00
Jan
9c
a27% a27%
32 %
10
21
54%
Jan
100
15% Mar
20
Jan
472
19%
Feb
24
Jan
Jan
Sugar
7,783
10%
Feb.
13%
180
16%
Jan
21
Feb
22%
24%
1,154
21%
Feb
26%
Jan
91%
25
94'%
Feb
15
15%
900
20
Jan
18'A
41'%
91% Mar
219
Mar
15
16%
556
69 %
41%
1
18%
69', 3
10
III"" .1.10
Jan
38'A
7%
200
277a
Feb
20
286%
Feb
Feb
8%
8%
27%
-100
287
295
1
20%
20%
100
19%
-50c
16%
16%
125
a23% a23%
85
a2%
50
•r
16% Mar
295
-
Jan
42%
Feb
27%
Jan
.78
Feb
1
.....
18% Mar
Feb
<69
275
253
v-
..-20
common-
Stores
11
91%
24 Vs
a
Corp
Lines
.
20%
-12%
...
■L,
10%
......
—
n
.21
20%
10%
2
Corp
Dept
Jan
10c
—10
Associated Oil
Indies
20%
'
Equipment Co ——
Agricultural Co ...
Fargo Bank & U T—
Western
Feb
520
57%
Waialua
Wells
18%
15%
19'%
34%
lOc
*
Consolidated Oil
Universal
18'%
15%
5
—
15% Mar
18%
common————5
i
28
Jan
150
1.00
Air
United
Jan
Securl:;<
•
1
Air Reduction Co
Corp
Alleghany
Jan
Jan
Amer
American
Smelting
Ac
23
Jan
15% Jan
American
Tel &■ Tel
.
"
Viscose
28% Jan
i4Va Jan
Jan
8%
i <34 %
■
Jan,:
j
Jan
*
301
'
al50%
14
Corp
Anaconda
13
3G5
34
98
Jan
Jan
Mining
Jan
Jan
126% Jan
1.00 Feb
Atchison
Atlas
(111)
Topeka
22% Janf
!
Jan,
i
18%
Baldwin
13
Feb
14
Jan
12% Feb
14
Jan
Barnsdall
Bendix
Oil
50
130
46
1.189
al49% al50'%
195
51%
2%
Jan
13
Feb
51%
50%
.
8% Mar
,.'r
AH: (2% Jan
•'J'j14 V* JaO'
Jan
149
?4%. Fab
,f 3% Jan
1
.
;54%
Feb
.
Jan
152%
Jan
51% Mar
Feb
;
44%
Feb
630
28
Mar
31
Feb
4%
4%
624
4%
Jan
12
12
iio
11%
Feb
14'%
a90%
115
89%
Feb
93
Jan
al9% al97«
12
20
Feb
20
Feb
1—.3
Corp common
a5
a5
10
..13
12%
12%
275
12% Mar
.100
10:,4
103 4
130
10%
s-
Jan
a90
RR
Co
Aviation
fj
452
5
5
12
100
a90%
a 19%
5
Ohio
,
39%
Locomotive
&
al78
51%
Jan
.,■,1
12% al3 V8
al%
a
Feb
-::
Feb
2%
7'%
32%
Santa Fe...
Avco Manufacturing
1,000
85 a
24%
-
32s/b
common...
&
~
38
Corp
104
58% Jan
Co
&
Armour
—
.50
Mining
Co ...
Copper
'A
a48% a49Ta
100
Woolen Co com—.
American
8
al%
Refining
Co
Amer
a2%
*
•
•
Foreign Power—
RacLator & Std Saiu.
&
a23%
1
—__i—:
Airlines
American
325
58% Jan
Jan
50%
90
24
U S Steel Corp common.—
13
1
Feb
Jan
143% 143%
..10
Oil Co of Calif common..
13
a58
3i
35%
49
143 %
—1
preferred
—12%
a58
Feb
546
23%
Feb
31%
Feb
Mar
11
33
1.548
91%
.100
a__
26% Mar
12% Feb
30%
793
22 342
103
—
Jan
' 62
..
13% Feb
31% Mar
33%
49
—25
13
"
Jan
7,080
30%
—125
—5
Baltimore
__
page 44,
lis:,
29%
93
1.00
Giorgio Fruit Corp class A com—5
Class
103'*
350
—100
Jan
6
30%
Air.
Argonaut
Creameries
Jan
8
Feb
hi
American
Chrysler Corp
15
Feb
33
Pacific Co
Unlisted
Calamba
Feb
7% Jari
6% Feb
100
.
4% Jan
125
Jan
"
150
7
Realty Co com.*
Inc
Stores,
1% Jan
a]5
29%
20
2.50
Calif National Bank
Atlas Imp Diesel Englhe
Anglo
"
12% Mar
4%
30%
.100
Union Sugar common
a'fg
.
Co——10
100
A
High
low
Jm
Jan
23
Feb
12%
33%
23%
Mold Corp
Union
Range Since January 1
-
40%
20J
30%
common—
Transamerica
3%
120 "
——.-50c
Mining
Assn
Packers
High
11%
Feb
Feb
—
Water
Tide
Sales
Low
Par
Jan
Mar
£53
_2E
Transcontinental & Western
for Week
Shares
of Prices
Sale Price
STOCKS—
Exchange
Range
Jan
9
6% Mar
II
<
Jan
28
;
7
—25
Soerry Corp
Week's
10 %
5%
7
31%
Feb
Friday
Last
.
Feb
;16.% Mar
1,475
„
31%
Southern
Jan
97
49
2.00 Mar '
Feb
10%
13
31%
Jan
36Va
100
"
Jan
"32%
100
.
12
25
preferred
25
Southern Calif Edison Go—
4.48% convertible preferred...25
Southern Cal Gas Co pfd ser A——25
Jan
7
^b
-
5%
4.327c. cum
San Francisco Stock
•'
28
13%
W Fine Foods
Super
''
35
110
28
Spring Valley Co Ltd
Rtandard Oil Co of Cal——
v
310
23
common...
Soundvlew Pulp Co
13'A
49%
230
11
7
Jan
136
97
—15
6%
11
Jan
llVa
Feb
15
Jan
35%
Feb
9%
100
35
—.10 pesos
Sears, Roebuck & Co capital
—*'
Shell Union Oil "tmmon
15
13%
1
9%
11
9%
Mauricio Mining
San
97
-100
16 %
—5
Manufacturing Co
Safeway
•
10
34
34
16% Mar *
V
3%
8%
16
9%
._
Jan
14'% Mar
137
5%
it.
>
.3% Mar
I
Jan
9%
14%
1.340
Jan "
Mar"
16
Feb
14
Jan;.
,25 i
,
Feb
32%
11,803
2.00
.
13
..i—
Bros
Jan
31
'
u_—
,
Mar '
,
———
Western
Rheem
Roos
670
25'%
25%
—.
J-n
34%
—
Feb
16
Feb
Feb
200
14%
137
8%
23
al0% al034
2.00
—.100
Rayonier Incorp common....,—
1
Preferred
—_—
25
'
common
16%
.
11%
Tel common
Preferred
Jan
Mar
124
13%
16%
■
Mar
Jan
4% Mar
—
Aluminum
45%
28
95
13%
—50
Sterling
Feb
735
5%
13%
;
Roebuck
Feb
16
13
Petroleum Co
—
Pig'n Whistle conv prior pfdi_—
Puget Sound Pulp & Timber—
Jan
14%
9
29
-.100
Sears
22
150
.
'
Richfield Oil Corp
28
tUm.—1.—25
common
15
30
8
100
8
4%
5
a
Rice-8tix
179
Feb
41%
29%
42%
28
—20l
Piping & Supply common
—25
Portland Cement——
North American
110
120
9
Phillips
Feb
26'%
190
15
■■
2%
2% Mar
28
5
common——..
23
:16
9
-
12%
——
Corp
Railway Equipment &
41'%
29'%
9%
'y 9%
■
Jan
2%
—50
common....
15
Feb
34%
34
34
II—1
,70 ;
Feb
5
preferred
Pacific
Mar
52
•
...
Jan
8'A
3
3%,;; 3%'
Paraffine Co's new common
32%
1
Laclede Gas common.
Laclede
15
120
16
•
35%
45
..._5
——.
60
360
70-
5
Jan
>
AAV
.
*
———_r—.
„
......
Preferred
Jan
6%
111
Huttig S & D common
Hydraulic P Brick common--..
',
a31%
———
preferred
1st
Pac Tel &
Jan
27%
15%
16
:
Griesedieck-Western Brewing —
International Shoe common
Jan
32
Feb
6'%
III10
Feb
Jan
15%
V
Feb
8'A
Mar
32%
Electric
Preferred
15'A
Jan
7
27
1st
30%
30 %
—1
15%
34%
Pacific Public Service
27%
27%
—1
common iUiii.
General Motors common <Uni„
General
13%
600
7%
1
High
L010
15'A
—5
Falstaff Brewing common-——
Range Since January
High
7
7
—.15
—
common-
common.......
Brew
30
preferred
$5
Shares
15
15'A
3
& Equipment com
Industries
Clinton
Columbia
1
common
Inv
Bank Building
.
-
10
;
,
i—
—
Lighting
Pacific
for Week
of Prices
Low
Jan
hi
w
common
5%%
Sales
Range
Par
Jan a
17%
16
•
1st preferred...—
67c
Exchange
Week's
Sale Price
Jan
20%
Feb
18%
—
...1
common
Coaht Aggregates
Pacific
New
Last
56 %
Feb
,
——_
Fisheries—...
—1
Co
Can
Rights \v I
Friday
Feb
16%
23
10
Pacific Gas & Elec Co common.
St. Louis Stock
52'%
46
70
9%
class A—
............d.'.—;u.
Jan
34%
26'A
American
36
33%
26%
345
al6
__
Oliver Utd Filters
33%
.12.50
54%
Oil Cons— IIII-10
15c
100
a
Natomas Company
15
34%
—-
Feb
6%
Fibres
Auto
National
1% Jan
.
11% Mar
75
6'A
6'%
v
1
1,500
lie
*1
—
20
500
l'A
11%
Feb
1.C0
v
__1
—
Feb
16%
—
Morrison Knudsen
National City Lines
'.Z
:
—
Jan
Jan
2.60
16'%
1,298
3,675
16%
Jan
1
19
19'A
450
18
250
a32%a323i
•
common—.;
(R Hi
iViagliaVOX
Co
a seo Mf« Co common
8'%
1
Jan
al6
*
Men
35%
1'%
Jan--
12
53%
I——1
Aircraft Corp..
& Co
Macy
Jan
8% Mar
335
,210
■i, 8%
35%
a
72%
17
—7
Libby
Jan
Jan
Feb
Feb
Feb
230
250
—..1
Jan
40
—Iio
16%
Jan
19%
15 %
303
10%
16%
30
,
Jan
10%
95
10%
10%
Feb
*
Jan
66
3,541
17
70 3, a
——*
Inc
(R G)
20%
—
16%
69%
17 :
69%
24
316
,
Feb
6
28
Jan
10
24%.
Jan
57%
Feb
26>.
631
Jan
5% Jan
.
..
52%
53
a25
24
Jan
.
4'A*'
I 4%
1
Steel
common...
8%
Feb
5
Jan
6
500-
5%
,
7%
37%
'
5'% Mar
37
4
Langendorf United Bakeries B
26 V*
-
Feb
18%
—
5%;
53
20
L-P2
1
J
Corp
ajuser-Frazer
;
Jan
LeTourncau
7% Mar
•
90
...
■
12
11%
11%
.—4
Mining———
Standard
Steel Spring—jA——
United States Glass com v t ci—,
Vanadium Alloys
22%
•
7%
22%
.—.5
Toy
San
22'%
10'A
340
7%
.
*-•—101
10
Pittsburgh
Pitts
7%
-
15%
778
a25
—
Fireproofing Cojrp—.
Radiator
Nat
•
Feb
'v.*>'**'*,?
.
IXL Mining Co..—.
10'% Mar
10'% Mar
,13%
303
11
18%
•
Mountain Fuel Supply—
National
V
1
Brewing———————Walker Refractories—
.
10%
10%;.
Electric
I.
-
10%
a
-t.-
&
Gas
25
—-
pfd —
6 "r
Co
Gas
Nat
Arkansas
'
••.
1,100
G
Jan
31*
Feb
2 40
2.55
...
Idaho Power Co—__——...
Jan
30%
Feb
25
150
10'%
-13'%
•
Alleghany- Ludlum
*
High
Low
Par
*
High
Low
Jan
com——r'_—i.6.66%-
Foods Inc
Hunt
January 1
Range Since
Shares
.
-t
-
—
Car Co—.
Hudson Motor
for Week
Range
Last
Sale Price
'.v<- STOCKS—
..
.
/.
Cofp
Oil
Honolulu
' '
40
a53% a53%
—•
—•
—1
*
Stores
Development
Hollv
'
»
Sales
Week's
Friday
Feb
5%.
Ltd common...—*"
preferred
————100
Greyhound Corp
—3
Inc
Hawaiian Pineapple Co Ltd
Feb
31%
2.50
.......—.'——10.
4Vo
Bros
20
680
5%
Golden State Co
Hale
Feb
32'%
2.95
com—.*—2
General Motors Corp common....
lo
General Paint Corp conv 2nd pfd—.* ,■
Gladding McBean & Co—...—.—
*
Feb
65
Feb
62
-10
1%
3%
4
.1
13%
Gas improvement
United
1'A
————iT
Parl' ptd—25
Mining
64
64
*
participating—1—•
Class A
•-
15%
1
Service
Linen
6,785
32%
Radio
&
Machinery Corp
Food
Galland
Tacony -Palmyra
Tonopah
Corp
Television
F-rnsvorth
Sua Oil Co
•
1
34%
19%
32
—*
Works..
90
18%
;
■—
18%
Capwell Co. common—^
Feb
a33% a35%
*
—15
Co common
Dorado Oil
Eureka
Jan
41%
»
El
emporium
51%
*
Dow Chemical
High
8% Jan
37% Jan
7'A Mar
1,265
7%
7Va
7%
Doernbecher Mfg Co
Jan
24'%
29%
common
Paper
bcott
-
_-_50
Corp—-
Dome Oil
Salt
—-—
22
21%
21%
24 %
preference common
Pb41co Corp common.
SI
High
Low
Par
Low
High
Low
;
January I
Range Since
Shares
'
Pur
High
Low
for Week
of Prices
Sale Price
STOCKS—
1
Range Since January
Shares
of Prices
Sale Price
STOCKS-
Last
for Week
Range
Last
Sales
Range
Friday
Sales
Week's
Friday
Corp
I»
'ZJJ.
-
—5
;
5
38'
a34% a34%
28
28%
,
4%
;•
4% Mar
5'%
Feb
25
355
a__
26%
—
Feb
Jan
13
Feb
a_.
Jan
Jan
15
*•
V
j 33% Jan
'■
29%
—A
■
Jan,
Volume 167
Number 4679
THE
COMMERCIAL
&
FINANCIAL CHRONICLE
(1075)
OTHER STOCK EXCHANGES
RANGE
Friday
t
Week's
Last
STOCKS—
Range
Par
Bethlehem Steel
Blair
Airplane
Eordon
&
Dry
Canadian
Par
34%
Jan
National
33A
4,533
3
Feb
4%
Jap
N
26
26
264
23
al6'/8 al63A
—
Ginger
&
Cities Service
Ale.,
Ohio
1%
Consolidated
&
Central
26%
Jan
North
Jan
41%
Jan
North
American
17
Jan
17%
Jan
Northern
Natural
Gas
50
Jan
14%
1.1
—*
10%
Feb
11%
Feb
40%
Feb
44
lA
Jan
a34 a343A
7
32%
Feb
35%
Jan
16
.
of
Y
N
15
2Vz
:•
•
16
2%
,21'A
__
15
a41%
16
21
Pacific
Continental
Motors
Corp
Oil
Del
Crucible
Steel
Co
Co
of
1
common
Amer
Curtis
'Publishing Co
Curuss-Wrlght Corp
*
Kodak
23
1
5%
*
of
N
J—
Co—*
Bond & Share
5'/a
'
3'A
American
22%
Pepsi Cola Co
Phelps Dodge Corp..
25 %
8
Jan
Pure Oil Co
Feb
8%
Jan
5%
Jan
Republic Steel Corp
%
9%
; 9%
9lA:"
323A
32% "
General Food
Corp—,
___i
Goodyear ..Tire
&
Graham-Paige
.
I'.Gt
Nor
Ry
Rubber
i*
common
non
pfd__;
cum
Tobacco
Riverside
Cement
30'A
Jan
Jan
42
9%
Feb
11
Jan
Silver King Coalition
Feb
35%
Jan
Tel
&
Tei
Kennecott Copper Corp
'39
a__
24
2.40
2.50
2,200
a25'A a25%
12%
i
Jan
5%
"
•
So
Pal
Oil
Ert
2.05
25%
379
'11%
140
•
;
_
"16
16
"14%-
14%
18
L—
Cons—_
•
„
15%""
370
a31%
!
a31% a32%
____T——,
Rt.nnrinrd
.■
36
'
<•'
Feb
Oil
fin
(if
!
t,-,..
5c'
~
27%
Jan
United
Aircraft
14
Jan
United
Corp
47%
Jan
Utah-Idaho
Jan
18%
Jan
34%
Jan
34%
t».
v."
22c
of
50c
200
50c
Jan
100
15%
Feb
"51c
Friday
STOCKS—
&
Paper
prelerred
of Prices
Low
:,
*
com
—
Agnew-Surpass Shoe
Aigoma
Steel
New
'
•
18%
-
"
-
LISTED
FOR
WEEK
18%
common-
48
Jan
Feb
30
Jan
8%
849
Feb
7%
9%
Jan
255
7%
Feb
8%
Jan
825
22%
Feb
26%
Jan
71
39%
Feb
40%
Jan
16
150
15%
Feb
18
Jan
7%
25%
,
\
5%
5%
•
,
250
,
'
'
4%,
Feb
^
5% Mar
,
643
15"
Feb
i
15%
415
14%
Feb
V
26%
421' '
26%
Feb
29%
Jan
24
Feb
26
Jan
69% Feb
77
Jan
25
a71 y8 a73%
18% ^Jan
16% Jan
168
1714
35
16%
Feb
20%
Jan
a537/8 a54%
96
52%
Feb
59 %
Jan
265
23 y4
Feb
al7
24%
..
2%
a
26
26 V*
Jan
y4
Feb
2%
Jan
2.85
Feb
3.50
Jan
2
2 820
2V'8
2%
2.95
3.00
340
,►
a
10%
all
31e
33c
5 VR
5%
19% al9%
10
26%
10%
3,227
200
a44% a45%
10%
.
100
a
-
,
230
1.300
'
Feb
Jan
12%
4
'
t
r-
5%"-
" :
'
j
f
(F W)
common
10
...
a
26%
'
a45 Vh
Mar
31c
.
'
MARCH
46c
.
•Jan
4% Feb
;
6y4
Jan
Jan
20 y8
Jan
20%
a—
a__
•
.
—
25%
Feb
:
28%
Jan
5
;■
STOCKS—
•
Shares
Range Since January 1
Low
Famous
Corp
for Week
Shares
Range Since January 1
'
Low
High
High
„20
17>/«
17
17%
165
17
Feb
19
Jan
1
15
15
15
335
15
Mar
17
Jan
16
16%
330
16
Feb
18
Jan
21
21
225
20%
Feb
24%
Jan
—
of
Range
of Prices
Low
Players Canada Corp___
Foundation Co
HigJi
Sales
Week's
•
Sale Price-
,,
.
Eddy Paper Co Class 'A' pfd
533
19%
13%
790
17%
Feb
16 »A
Can,.——
21
•
18%
'
Feb
20%
Jan
Gair
Jan
37%
26
37%
Jan
38
475
16%
Feb
19
Jan
8
8
40
8
Feb
9
'41
--1,885
37
Feb
56
220
375
195
Feb
224
Can
4%
pid_
General
Jan
v
■
■
.
Power
.100
com—
90
18%
103
110
110
Bakeries. Ltd-u
General Steel
Wares
•
...
common
.14%
Co
*
I
43
100
24%
725
12
50
12
•48
48
•
common
6%
43
Feb
43
13%
.Feb
25
Feb
Hamilton
25V3
60
7
25
18
V
25
12
6%
367.'v
13%
Feb
48
-
310
•''i
Jan
,
49
Bridge
k*:_100
Trac
Light
&
164%
_•
17%
Power___^
British
Bank
Note Co
American
3% %
Oil
'I!
/
385 ••'.
164 165%
404, '.
3,847
1'7%
*
15
15
_♦
21%
21%
21%
25
common
preferred
conv
25
24%
25
British Columbia Forest Products__
British Col Power Corp Class A__
Hudson
Jan
17% Mar
Jan
160 %
17
„
168%
Industrial
5
725
-
i
18%
19
23%
Acc*p
25
29%
^
360
3%
Feb
4
80
24%
Feb
26
preferred
100
-i
Forgings plass B.
;
2%
GOO
22
2%
200
21
Feb
,
Feb
2%
24
-'A >'•
Canada Northern Power Corp.„
Canada Safeway Ltd 4%%
pfd.,_J._100
Canada
Steamship
•
common
preferred
Canadian
^_50
Breweries
Canadian Bronze
Foundry
•
common
20
Celanese
•
common
$1.75 series_i_.
___„25
Canadian Cottons 6% /preferred—
25
Canadian:
Foreign Investment
Canadian
Ind
Canadian
Alcohol
class
——
A
Locomotive
Canadian Oil
*
•
U>
28'/2
Feb
30'A
: t
395
16
Feb
19
28
685
— 27
Jan
28%
41
...50,;
41
Mar
-
27
.
11% ,-11%
35%
Glassl—
11 Vx
35%
21%
35
100
10%
1,085
15%
15%
60
.
;
25%
28
28
28
11
5
23%
32
"
13%
t
.
Jan
• ;
Dominion
;
;
Eridge
Dominion Coal
•
'■
17%
•
6%
28%
25
preferred
Dairies
;..4
23%
Jan
Feb
37
Jan
10'/2
Feb
13%
Jan
17
Feb
B4
:
£'
preferred
Dominion
.
1
Feb
64
*.* f
Feb
36'A
Jan
26
Feb
28
Feb
,32
11
23
100
95
13
175
24
25
17%
'
:906
34
3b5
13%
Mar
Feb
24
!
17
.,
8
:•
23%
23%
20
33
14
Tar
&
Chemical
common
preferred
Dominion
Textile
preferred
Donnacona
Paper
*
I
91%
*
Jan
15
Jan
A
15%
.100%
Mar
Jan.
footnotes
Feb
25 y4
Jan
30%
30%
31
75
29%
Feb
13
10%
13
175
9%
30%
30%
31
1,526
48%
48%
50%
1,480
95
95
25
12%
13%
13,900
42
42
35
103A
10%
12%
12%'
23%
:
28
.
13
National
?
<
...
7
Jan
Feb
32 %
Jan
Feb
13
Jan
Feb
34%
Feb
59
Jan
Mar
30%
'
48
y4
95
95
Mar
•
Jan
12%
Feb
15%
41
Feb
50
Jan
110
10%
Feb
12%
Jan
150
12% Mar
14
Jan
23%
25
Jan
Jan
Jan
Ottawa
16%
Feb
20
Jan
'
Feb.
32
19
Jan
14
821
Febi"
!.(
26
Jan
Jan
Feb
28
Jan
32 Vi
Jan
33%
Feb
14
Feb
18 y8
Jan
23
115
14%
14%
14%
common——*
7
:'■*
10
6'%
•
.
common——*
*
•
-
.25
1
11
•
-
13%
Jan
Feb
20
Feb
Feb
37%
Jan
34
120
34
4
15'
175
14%
Feb
16'A
Jan
34
225
32
Feb
36%
Jan
Feb
40
747
40;
45
Jan
42
210
41% Mar
44%
Jan
11
400
10% Mar
11% Jan
20
20%
840
19%
Feb
24
Feb
25'A
4 4'A
Feb
51
..
24%
25
65
44%:
44%
1,773
<t
r'-A
•
common——
25%
422
163
163
10
24%.
25%'
Rwys
38
38%
1,678'
16%;
38%
*
16%
50
30
30%
19%
63%
19%
.40
39%
40
J
63%
1
*
—
;
,
Powell' River
23
22% Mar
27
20 y4
100
20
Feb
21»A
24% Mar
162%
Jan
12%
3,605
11
Feb
►
*
Power
Price
47o
<
12Jan
•
Corp of Canada
Bros
Co
&
Ltd
preferred
,
19% '
'*
28
165 2
12.
14
•
•
#
Jan
Jan
Feb
25
Jan
40
15%
Feb
18%
Jan
29
Feb
32'A
Jan
10
63%
Feb
65
Jan
1,455
18 >A
Jan
"20
37
Feb
41
160
.
.
;
.
"
295
go y4
14
1,094
61%
1,180
100
95
95
110
*
common
——
Transport
Jan
y8 Jan
11'A
11%
25
60%
11
Feb
Jan
Jan
•'•(
14%, Jan
58 V»
Feb
68
Jan
94
Jan
98'A
Jan
10'A
Feb
13'A
Jan
17'A
Jan
Jan
12
t
22% Jan
•*;.:
Jan
20
Co.--—
•
,
—^—-*
common
Feb
16
40
Tubes—
Ltd
Jan
9%
1-25
10%
100
Development-^——
Jan
'
common—
& Power
Jun
7%
19
41%
40
'
10 Va
Feb
■
33 %,
41%
-5
—
,
Jan
Mar
7
Feb
10%
3,326
15'/4
5%
17'A
445,
Feb
16%
"• ,■
15
—
33%
common
:
75
17%
17'A
34
100
:■> 'i
.
Jan
Feb
250
:
.
Jan
22
1
...
pfd
10
6%
Jan
19
Jan
Mar
34
10%
Works
20
10 »/4
17%
—
14%
17
*
:.
215
.
7
6"/4
•
-
7
-
32%
Mar
,
:
25% Mar-
1.411
22
•
Feb
Feb
18
15
\- \
Penmans
Jan
10."*
33
Electric
L H
Page-Hersey
10
10
.
14%
:
8
10O
,)!<
Jan
Feb
16
18
22
44%
38'A
27
18
22
Noranda Mines Ltd
'
230
28
,
Corp—
Niagara Wire Weaving--^————.
/A :
78
'
ir
'4
Car
26
:
,
r
28
——
Feb;
,•
'
12%
20%
Steel
.
Jan
•■■■-'—,■
A)_i-^i.-.—*
Chemical
<fc
24
50
—100
165
165
15
165
Mar
.,101
101
10,
101
Feb
26%
f26%
200
14
Feb
63/4
*
Ltd——
J'
-^_100
44.
Jan
24%
135
—•
Ogilvie Flour Mills
77o preferred
Mar
pid.
page
12
225
.7-5
i.
32
•
see
Jan
616
7
—*
,
Breweries
Drug
(
t
22%
12%
Jan
:^-^^-_-4,__25
Oil
1
—
4 V'2%
Dry den Paper—
For
•
23'A
common
Feb
16%
13
Ltd
•«.—-
7%-preferred
Provincial
Dominion
48%
Feb
*
Tramways
National
Jan
915,'
8-
_*
25
Jan,
14%
25
———
Locomotive
Montreal
•
Jan
317,'.'27
17%
25 y8
preferred-—
Dominion Steel & Coal class B
43'A
6%
common.
Steel
Breweries
;
30
,
12 % Mar
:.
4,097 1.:
?
25%
Glass ;7A
1,005
15
Corp L
(John
—
(Robert,)
...Montreal
Jan
25
275,
V
/
.-_35
Foundries & Steel:
Dominion
Co
f'I
Molson
Jari
35%
90,
28%' J ' 29
M
i
Jan
4,293
12%
common
Ltd
McCollf-Frontenac
(.- Mitchell
Jan
•
Class
National
32
17%
17
common
Jan
48
15%
———*
MacMillan Export class A
!v
Placer
Dominion
Jan
30 Va
12%
Canada
preferred
Massey^Harris
Feb
58
,
.
i
....
6%
Ottawa
Davis Leather Co Ltd A
Distillers Seagrams
Feb
44'A Mar
45%
(John)
MacKinnon: Struct
Jan
20
15%
.
75
30.
94
-
■'
25
12%
95
• ;
^
•'
\
11%
12%
,
7
Feb
23%
230
24%
Lewis Bros Ltd.—u.—
,
13%
:
Legare
'•
Jan:
40'A
Feb
:v;;Lang,' & Sons
H
Jan
101%
34
4,
,
625
36
,13
,
>
420
61
35%
25%
11,
Utilities
p.'.Lake of .the'Woods
-A'l
Feb,
Mar
11
Jan
35% Mar,
1,854
10 y2
11%
-,,
434,.
35
,
61
12%
335
+
10
41
98% Mat
5.'"'"if
?
•
36
25%
13%
10
.
21
15%
G%
595
45
14%
•*
L
Jamaica Public Ser Ltd
Labatt Limited
10%
98%
10%;
25
28
: .,44%
./
•
common
International
Jan
10%
—
63&.
27
25
A
Power
.
23
-
25
Jan
Jan
23%
of
International
Jan
" t-' 9.."
16
16 r
..A. 98%
—
.
Paper
pfeferred
International Petroleum
Jan
265
j41
,,
Companies-
Canadian: Pacific Railway
Consolidated Mining & Smelting-^
Consumers
27
35
Class A
Canadian
■
%:
21
common'.
Car &
Canadian
"
<
<*
•
16%
15%
6%
common
$4.00
Jan
29%
'
•'
Feb
Feb
Jan
29%
16
Nickel
i
j.
Jan
26
\>C
$1.30
Jan
4
Feb
14
13%
250
15%
-
,
;
'
common..
Bronze
International
Feb
class
Corp
International
Jan
Jan
3%
21%
■
2%
; 145
Jan
Jan
Feb
24
-•
Feb
20%
491
>
'
Bunding Products
Canadia
Jan
45%
Bay Mining & Smelting.
...
Jan
3%
J;2%
Bruck
Cement
110
6%
Imperial Oil Ltd
•
Imperial Tobacco of Canada common_5
4%
preferred" L-rl Jr—_ .—25
6% ' preferred —j——
£1
Jan
19'%
Jan
Feb
25%
;•
12
•
Canada
Jan
Jan
22
Jan1
■
cr
Jan
110
15
44%
'
28
50
International
British Amer
,
Mar
20
108
'50
•
13%.
—
preferred-.
$2
H
Feb
7%
26%
Feb
25.m
Feb
•.:t
class A
.
90
Feb
Feb
18%
•
Feb
24
'
100
48%
6%
17%
_•
& Pap
.
14%
13%
•
5
.
.
Mar
103
51
<
3
3
14%
Gypsum Lime & Alabastine--—
-
.
18%
90
60
103;
—
'
43
24
-
24
25
Corp
4%% pfd
90,
<_•
100
preferred
■A 5 'A %
Jan
210
preferred
preferred-—H-^_—i——^—-10o
5%
Jan
V 39
Co
Gatlneau
Jan
18%
.220
A-*—
.
Coip Ltd
Brazilian
7%
Feb
26%
16% 116% :■
Union
Electrolux
39%
Bell Telephone
Red
Feb
41
1914
19
MARKETS
ENDED
for Week
18%
*
Electric
ABathurst Pow
5 Vo
Jan
18
145
Last
37%
__
.
Asbestos Corp
A
22
4
175
.
si
Wooiworth
Jan
Sales
14
.,
1
18 Va
;•
of
Anglo Can Tel
5%
Jan
320
5
ft..,
Telegraph class A
Westinghouse Electric Corp com— -12%
/
High
13%
——20
——
common
Amalgamated
t
20
'
•
1
-
Howard Smith Paper common—.
!
Feb
a377s a38%
a54%
1
'
'
- common
Aluminum Co
13%
I5o
_
Aluminium Ltd.
plo
17
Jan
■
Power
$1.50
.,
Jan
249
Par
Week's
Sale Price
$2.50 preferred
A
Acadia- Atlantic Sugar class A
,.
21%
16% al7%
Friday
Range
Par
Abitlbi
..
Feb
16
a
26%
5
Exchange
Last
|
Jan
18%
18%
al7
—
common_u
Canadian Fonda A
Argus
10
t :
Montreal Stock
i
Feb
a22% a223/4
5
:
Co
Petroleum
Western
Jan
17%
RANGE
;
9
15%
25
Del-.,
Sugar
Preferred
Jan
CANADIAN
'■
246
7%
a72%
Westates
Jan
53%
«
9
4%
■
Jan
Feb
' i
Feb
Jan
17%
Jan
50c
4%
7%
•
Corp
Feb
49
—
__5
115
30
18%
16%'
—1
common
--
Nash-Kelvinator Corp i—
Feb
110
475
1534
25
Texas Company
14% Mar
1,500
Mar
120
5%
m
J
1ST
Feb
2.50
"19c
20c
a43% a50%
25
Jan
—25
J
Inn
Studebaker Corp common
132
19c
—
a49%
•
Jan
25
120
4%
.25'A
a38
-r—5
*
Jan
al5% al6%
—1
20%
—^15
nnmmon
Feb
16
42
Jan
__
"
Brands
Feb **
43
"950
Jan
32%
*
Warner Bros Pictures—
Navigation Co
20%
Feb
a42 a43 »4
w—
L10
A
Co
Corp.
Ltd
Standard
Jan
'
a__
Mar
"175
13 »A
a44V8 a44%
•
Feb
27%
7%
4238 Mar
Feb
*
J & M & M
.."A
34
285
v:
17%
125
7%
•
•
24%
a257A
•
..." Montgomery Ward &. Co
A
Mountain < City Copper—.i—
-1
:
"* 24
_• "
McKesson & Robbins Inc___
•
-
Mar
3%
2.40
:•
Co—
Inc
V Matson
r
Feb
41
300
24Va
-
_1
—_
M
B
-
Interna tiofial
s
—•
i
Socony-Vacuum Oil
,
35
"
80
a30
Jan
32%
345
4r
1914
A
•
class
Feb
%
115
42%
4
-
a37% a38 y»T
_*
Mary Mines Corp
International Nickel rCo Canada
Loew
-
__
_*
A_l
Idaho
*
41
__
1
Feb
a
a273'4 a28 y4
"
•i.^Hobbs Battery Co class
•
a34% a35%
__
Motors*common
16%
a
al7
—-1
common
40%
469
Feb
a
Feb
25 Va
33
__
1
...
Radio Corp of America
Radio-Keith-Orpheum
4% Feb
J
•
:
.
15
1514
a43%
49
50
103
a
9
•
23%
565
10% Mar
4%
-r
Sinclair
General Electric Co
.
.....
common
Feb
25 Va
Jan
24'A
33 VaC
Jan
Feb
a38% a38%
8%
Jan
Reynolds
—
728
a29%
a30
—50
common.
Feb
a38'A
Jan
10%
1"2"50
Pennsylvania RR Co
Pictures
7%
5
15%
*
Airways
22%
560
Jan
Feb
al4%
.
—.10
common
common
49
10
—
Cement
Co
50
a7'/8
21
12%
120
Motor
Jan
"
:
Portland
Paramount
a—
7%
18% Mar
425
al9'/8
,
«
110
23
a7V8
•
Co
50
High
495
13%
10%
-100
2%
a__.
90
—
■
Electric
a6%
*
common
Domlnguez Oil Co
Eastman
a6'A
a493/4 a493A
5
Railway
common
Low
18%
13ya
10%
—10
common
Range Since , January 1
High
18%
~
Preferred
"
Continental
1
Jan
Feb
21% Mar
'
a41% a44'/8
Feb
2%
325
21%
*
capital
15
2,114
Co
Packard
Pan
1,135
2'A
Shares
Jan
275
480
*
Co
Co
14%
10'A
417/„
„
Pacific
Oil
—
Aviation
Co
18%
•
capital
American
10 Va
__
RR
Feb
417/8
__
10
Southern
Edison
10'A
25
Co commor.
Commonwealth
al3% al3%
25
RR
Columbia River Packers
u"
Y
41%
35
for Week
Low
*
Distillers Prod
23
.
Sales
Range
Sale Price
High
Feb
a38y8 a39y8
2%
Pacific Railway
Chesapeake
Cons
Loxo
31
Ohio
Canada
;v
Sullivan
High
w eek's
of Prices
„
Last
STOCKS—
3'A
15
Bunker Hill
1
Range Since January 1
375
3Vh
5
Friday
Shares
32'A
5
com
Co
MARCH
32'A
—
1
ENDED
for Week
Low
•
new
Holdings Corp
Boeing
•*
common
WEEK
Sales
of Prices
Sale Price
FOR
25%
Jan
167
t
Jan
105
Jan
28
Jan
Quebec
*
Power
Saguenay Power 4%
,
,
St
Lawrence
4%
class
Corp
A
preferred
Ltd
com
preferred—
St Lawrence Paper 67a-pfd—_
17
17
85
17
Jan
100
101
101
25
101
Jan
10 V'4
11
615
10% Mar
36'A
36'A
160
36%
♦
—50
10o
__
.
112,' ;
HI
114
92
111
102
16'A
Jan
Jan
Feb
46
Jan
Mar
132
:Jan
39
40
COMMERCIAL
THE
(1076)
&
CANADIAN
Last
Low
Feb
21%
Jan
45
Mar
47%
Jan
Rand Service Stores
144
Feb
Jan
Russell
45
45%
144
144
144
70
12%
12%
13
375
13
13
75
150
12%
Feb
15%
Jan
12
Feb
14%
Simpsons 4'/®%
Jan
»
Chemical common
Power
preferred ———
Steel Co of Canada common
7%
Industries
6
Feb
94
94
5
94
Mar
Tuckett Tobacco 1%
preferred
Southern
Canada
Wabasso
Corp—
Cotton.
Winnipeg
Zellers
Electric
United
Limited
Distillers
--
Securities
U4
—
67
Jan
77%
Jan
United
26
73
Feb
79
Jan
Ltd.i.
v
7
7
35
7
Jan
Jan
Mining Stocks—
160
160
63
160
%
7
6
73
—
73
29
18%
ii
11
195
78
Jan
Feb
27
Jan
22%
25
22% Mar
26%
Limited.:
—_H)0
Feb
J-
9%
6
Jan
14%
Feb
Jan
10%
Feb
104
115
37c
Feb
14
Mar
29
Mar
j1.,;'
13
'
25
6,115
20 %
Feb
25%
Jan
«
Jan
.Jan
40c
Jan
70
34 %
Feb
35%
Feb
21%
Jan
22
Feb
23
Jan
8%
Jan
10 ':
7,000
4%c
Feb
,500
2c
Feb
6c
6-%c
3c
Mar
.
.Jan
12
Jan
13
Feb-
29
Jan
10
Jan
-1
6c
12c
Jan
j
3%c
Mines Ltd
Yellowknlie
lie
2,000
7c
Jan
';
17%cJan
Jan
6c
5.000
6c
•{
Jan
11"% C 11 %c
1.500
10c
Jan
48C
200
48c
Mar
17c
15,500
10c
10c
—_—1
Ltd.
Mines
—
"9%c
Cc
11 %b-
1
'
'
7c
Feb
22c
1
Jan
'
Jan
20%
1
35
10
'
17%
21
.
Beatrice Red Lake Gold Mines Ltd—1
Jan
35
Gold
,
•"
II
3c
.'
Minea Ltd—_
Band-Ore
52
'225
<
10
Mines Ltd
Gold
Arno
Jan
25%
35
*
22%
23%
25%
-r
29
18%
Jan
Mar
Alger
Feb
7
25
5
26%
Jan
7%
Feb
73
335
25%
■
165
Feb
6% Mar
5%
75
5%
7%
15
14
18%
*
Windsor Hotel Ltd—
6
12,378
High
Feb
13%
67
40c
38c
•'
186
160
4%
>-900
,
107
105%
—__1*
A
of Canada
68
•
common
—
*
25
,'40c
Corporations class
United
73
♦
common
525
100
Thrift Stores Ltd
Jan
97
Jan
Beaulieu
(George) common—.
pfd
:
Ltd
Jan
7%
73
•
Worts
&
6%
Co
67%
•
♦
*
Walker Gooderham
Weston
Pr
Invest
73
—«
Steel
*
Lew
5
5
'
—
Range Since January 1
High
; ;13%
13%
~ V 9% '
10
5
*
Sangamo Co Ltd.
67%
—100
City
Shares
Low
•
Ltd
•
Tooke Brothers —————.-A—*'
Twin
16%
(Canada) Ltd
25
preferred
United
18
460
for Week
Feb
99
Feb
102
6%
100
5%
98 % Mar
17%
6%
•
98%
16%
17
•
—
10
98%
100
preferred
Canada
Standard
Sales
Range
Par
1.735
20%
Week's
of Prices
'
Last
Sale Price
STOCKS—
High
Southmout
Southern
5
21%
45%
*
trust
Voting
MARCH
Range Since January 1
340
*
Sicks Breweries common
MARKETS
ENDED
Friday
Shares
High
21
21%
Water & Power com
•
Series A 4% preferred
50
Sherwin Williams of Can T/e pfd—100
Shawlnigan
Monday, March 8, 1948
for Week
Range
of Prices
Low
Par
.
WEEK
CHRONICLE
Sales
Week's
Friday
lie Price
STOCKS—
LISTED
FOR
RANGE
FINANCIAL
Bevcourt
Bob
Gold
Gold
ijMke
b
Mines
Ltd
1
...
Ltu
Mmes
48c
15c
16c
1
'
54%c
Jan
26c
Jan
1
Feb
(
'
Bonvllle
Banks—
Canadlenne
10
20%
20%
20%
385
Commerce
10
22
22
22%
785
Dominion
10
26
75
26
26
Mar
25%
60
25
Mar
27
25%
417
25
Feb
28
36%
36'/2
36%
275
35%
Jan'
37%
Toronto
Bouzan Gold
23%
24
970
23% Mar
25%
Jan
225
35
38
Brazil Gold
Feb
24
5c
2,000
5c
Jan
55c
8,600
52c
Mar
>.
5C
5C
500
2c
Feb
T'
6c
6c
3.000
4c
Jan
>2%c
2%c
2%c
,
1
52c
Mines
—..1
Ltd
5c
.
;
Jan
Mines Ltd
1
—
<fc Diamond
Mines Corp
6C
1
V
:
;
500
35
35
.10
Mar
Candego
Oelta
Gold
Dev
Century
Consol
Friday
Last
STOCKS—
'
•_
Acme Glove
Works
Anglo-Nfld
Atlas
'
••
•
Par
Dome
Belding-Corticelli
IVo
19
•
10%
*
Paper Co Ltd B_
Mines
Brewers
Distill
&
of
Columbia
Vancouver
Packers
Shares
Range Since January J
Low
97/s
Class B
Ltd!
9
1,000
Jan
19
100
19
20
265
10% Mar
12%
56c
Butterfly
250
Feb
6%
Jan
162
50
^
Feb
4%
162
Feb
Mar
6c
Mar
Feb
11c
Jan
15 %c
22c
Jan
*
16c
9,700
15c
Feb
1
7C
7c
2,000
6c
Jan
9c
Feb
1
Ltd
15 %c
16c
1,500
15c
Feb
22c
Jan
20 %
Jan
23
80c
Jan
I6e
•
22%
1
200
22%
82c
82c
300
22'AC
24c
5,000
1
2.53
2.45
Sullivan
Ltd
....
Canada & Dominion
Canada
Malting
Co
Packers
Ltd
Canadian
Feb
16%
Feb
12%
Goldvue
Gen
Canadian
Invest
Industries
84
100
12
12
50
15%
16'/a
226
7% preferred
Canadian Ingersol
Canadian
Inter
cum
*
•
Trust
Canadian Marconi
Products
Chatco
Steel
Prod
Co
Div
Aircraft
Jan
225
13%
1
14
Feb
15
Jan
20%
915
165
35
66
40
3
25
3
Mar
10
98%
Feb
>
99
201
162
61%
FebJan
Jan
24%
Jan
175
Jan
66%
4
106%
Feb
1.95
Standard
2.00
Jan
11%
11%
200
24
11
Jan
12%
cl
A
24
5
24
Feb
25
23
50
23
Feb
27
Ltd
5 '/o
3%
30
3%
130
3%
2,925
Jan
141
Feb
3%
Feb
Ltd
Corp
13%
125
13
Mar
14
15
166
15
Jan
15
Jan
200
11%
Feb
13%
Jan
7% Mar
8%
Feb
11%
11%
7%
7%
12
7%
"
35c
35c
jg%
200
48
48
10
lSvi
15 '/a
'
48
100
35c
16
16%
79
23
15
253
23
500
35c
Mar
Jan
Mar
58
45c
16%
Feb
16%
23
3,389
19
16% Mar
17%
Gold
7% Mar
8%
65c
65c
600
32
32
15
7
7
3
Paper Co Ltd.
39
t
36
'
39
37%
22'/8
8
95c
1
1.00
39
2%
*
Class
A
preferred
22%
Hotel
de
(Frank
LaSalle
Inc
_tt
—,
1.08
Gold
Mines
Mines
Ltd
Lambert
(Alfred)
Inc
Jan
Jan
14% Mar
Feb
58c
5c
1.25
Jan
1.90
Jan
1.66
Feb
Jan
1.95
Jan
57
Feb
1.45
Jan
89c
Jan
8c
Feb
Feb
63% Mar
2'/a
Mar
2%
49
Feb
Jan
Feb
1,500
,5c
Jan
7%c
500
15c
Jan
20c
Feb
72C
72c
300
72c
Mar
72c
Mar
7%C
8C
3,500
Jan
9c
Jan
77c
24,300
Ltd
1
72c
1
23
69c
Mar
89c
Feb
111,800
19c
Feb
65c
Jan
1,000
7c
Feb
13c
Feb
12c 12 %c
2,500
10c
Jan
15c
Feb
12c
Gold
Mines
Co
Mines
Miller
Gold
Ltd
58c
Jan
1.98
2.17
3,600
1.98 Mar
28c
28c
2,000
28c
40c
40c
40c
600
40c
Jan
55c
Feb
*
55c
1
Mines
16
Feb
19
60c
500
1.75
9c
9c
6c
—1
•
5%C
7'C
3.00
Jan
'
2,365
2.11
1
Mar
2.11
41c
Jan
43c
Jan
A 67c
Jan
•
>
2,200
Feb
2.11
Feb
1.55 Mar
2.08
Jan
>1.000
9'/2c
Feb
19 %c
Jan
70,500
•
5c
Jan
9c
Jan
Stocks—
Oil
Co
1.60 Mar
—*
—*
1.60
1.C0
;
3.85
3.85
500
•
16c
16c
17c
5.600
12%c
Feb
*
41C
40 %c
45c
1,500
38c
Feb
1
1.90
1.83
1.95
4,050
6.00
6.15
Homestead Oil
Oil
Pacalta
Co
Ltd
—
Exploration
Oils
Co
Ltd
Ltd
'
300
3.75
1.25
2.08
Feb
Feb
4.50
Jan
20'/2c
Jan
Feb
45c
Jan
1.95 Mar
5.25
Feb
6.50
Jan
11 %c 13 %c
14,500
10c
16c
Feb
5%c
7c
98,000
5'/2c Mar
9%c
Feb
16%
16%
110
Feb
18%
Jan
_*
Toronto Stock
"1,130
Feb
16
41
Jan
43%
Jan
110
10
10
12
8%
10
Feb
Feb
27%
Jan
7
Feb
52
Jan
9
Jan
Exchange
Canadian Fonda
Jan
30
"
55c
1.55
1.63
Week's
Friday
975
97
6,000
2.11
1
Ltd—
Feb
y
20
54%c Mar
1
Mines
Mines
Jan
2,000
_1
:
Ltd
1944
Iron
16c
55c
2.00
1
—
Ltd
Mines
Feb
c
14c 15 Vic
54%
1
Ltd
Mines
Mines
Cons
14 %C
5(>c
—.....
...
Mines
69c
Ltd..—__1
Jan
17%
'
STOCKS—
Last
Range
Sale Price
of Prices
Par
Jan
28
Feb
8%
Jan
53% Mar
Power
Shares
Range Since January 1
Feb
38%
Feb
43
Jan
11%
Feb
14
Jan
Alger
Feb
Aigoma
_100
:—
13%
18%
Feb
18 y4
19
880
16%
Agnew-Surpass
Febi
99
10
8%
l6
99
99
>•8%:-'
—
High
Feb
1,325
a»/4v
,»■:
Jan
14%
930
19%
r
•
:
17%
y
20%
Jan
Jan
'
.A-
Preferred
"""10%
14
18j/2
18%
•
Acadia-Atlant class A^
Low
High
13%
—20
—
—
Low
•
ft Paper common—
preferred
t! 50
Jan,;;
_
Sales
for Week
Jan
15
12%
130
6%c
Jan
36c
Jan
40c
54 Vz
41%
9%
.*
73c
.
Jan
9
13'A;
Feb
6c
3'A Jan
4iy4
53%
1.50
'
Jan
21
13
Feb
10c
Omnitrans
Mar
35c
53
1.34
Jan
42% Feb
9%
Jan
600
9c
Home
Jan
39
20
•;
Feb
9%
435
7%
2.17
26c
Jan
Feb
975
7%
Jan
Feb
15c
6c
225
7%
1.18
1.85
—20,100
6c
12c
23%
1.40
1.05 Feb
2,30(1
1.95
10c
Mar
95c
35
53
7.65
13
52c
15c
6.05
Jan
23
27%
13%
700
33%'c
Abitibi
_•
Feb
1
*
7%
39
40
35c
27%
i
Lowney Co Ltd (Walter M)
Feb
49c
—l
*
Feb
1.10
1.40
—*
Ltd.—
Mines
1.08
1.90
r
1.90
*
20
Feb
Feb
48 y4
27%
preferred——.i_.L.T50
conv
100
Ltd
16%
9
International Paints 5% cum pfd __20
Investment Foundation Ltd common
*
6%
300
Gaspe Oil Ventures Ltd
0
,
6,750
>
...
»
class A—
98c
1.85
Jan
47
—
W)
90c
1.85
6363%
91c
63%
5
32
35c
—
Horner Ltd
14,650
1.25
Feb
'
__
1.30
1.29
Anglo-Canadian Oil Co Ltd—
Calgary & Edmonton Corp Ltd
6%
725
47%
Jan
Jan
6c
Feb
5.50 Mar
2,000
Consolidated
37%
15
2%
*
7c
6c
Feb
7.25
39
Fraser Companies
24c
12
Feb
4c
1,000
Jan
8
2%
I"
Jan
6%c Mar
Feb
35c
100
53c
95c
125
23
Fleet Mfg & Aircraft
5.75
Jan
33
3,747
8
__
Feb
5,100
14%
1
Ltd
Royalite Oil Company Limited
_*
Jan
10
1,000
53c
30
55
21%
22
36c
65c
320
37%
*
Feb
20c
•
Oil
Jan
25
*
5%C
5.50
1
Gold
Cadallic
Pen-Rey
Thurbois
Jan
200
*
Donnacona
5c
14%
1
,
Vinray Malartic Mines
17
—-
4c
17c
420
10%
36c
5.50
Dredging
Steep Rock
Feb
7%
50 •'
Ltd
P&mour Porcupine Mines Ltd-:
Sullivan
Feb
Jan
Feb
Cons
Stadacona
Feb
17V0
Class B
5,500
1
O'Brien Gold Mines Ltd—
Siscoe
Jan
20
15%
Nechi
Dalhousie
David & Frere Limitee A
87,300
1.00
Mines Ltd
Sherritt-Gordon
Feb
15'/a
7%
16%
65c
Macdonald
Silver
16%
*
——
Louvicourt Goldfields
Santiago
Jan
15
%
—
6%c
1
1
Ltd
Mines
Senator-Rouyn Ltd
13
16%
Mining & Explor Co Ltd
Rochette
Jan
20
pfd
5c
'
Quebec Manganese
Jan
134
<■
L)
Jan
23%
Quebec Yellowknife Gold Mines Ltd—1
Jan
23
«
Mills
3.50
8%c Feb
12,500
5C
Quebec Labrador
Jan
134
»
Sec
11c
36c
1
Pitt Gold Mining Co Ltd
Jan
Feb
—
Jan
10%
1
Ltd
Mines
Mining
Perron
Feb
*
J^n
19c
17c 17 %c
5
Ltd..
Mines
Pandora
Feb
Jan
1.00
100
•7nc
1,700
Feb
Feb
Mar
1.45
Consolidated Lithograph Mfg Co Ltd..•
Consolidated Paper Corp Ltd
*
(R
25
Mar
*
com
Ltd
_v
Ltd
Mar
225
.15
pfd
Preierred
Consol Textile
19
44
40
3%
Gold
Malartic Gold Fields Ltd
11
440
134
6c
Mclntyre-Porcupine Mines
225
1.65
2
Claude Neon General Adv pfd
Consolidated Bakeries of Canada
Consolidated
Jan
_1
5%
Ltd
Wines
Jan
18
1.50
>
4,600
2.65
9%c
1
Lingside Gold Mines Ltd—
Jan,
50
1.00
•
common
Food
18%
Feb
Mar
15% Mar
1.50
—
10c
Mines Ltd——1
Gold
Shore
Wasa
Jan
•
100
Catelli
13'/a
Labrador
19 Va
99
*
preferred..
Cassidy's Limited
99
1
Consolidated
Lake
Lake
Jan
Jan
*
com
.J
Lumber
45
3
3
i
Ltd
15%
95
108
Feb
64
••
——100
Canadian Silk Products class A
Canadian Vickers Ltd common
Western
.*
*
Company
11%
Feb
20
:
*
com.;
Feb
6'/8
82
200
2.45 Mar
86c
22C
Feb
1.09
27c
Feb
87%
165
20
1—100
Rand Co Ltd-i.
>'•
5%
Feb
Feb
13%
•
Ltd
47
15%
Mar
3%
19
■
8,700
80c
81c
1
,
.
22%c Mar
20c
1
Mines Ltd
Joliet-Quebec
225
•
.50
common
Inv
45
15%
...
preferred
Chateau-Gai
16
—
Candn Power & Paper Inv
5% cum preferred
cum
82%
*
B
■
Canadian
5
74
950
*'
class
Dredge & Dock Co Ltd
Canadian
4
285
4
—
Jack
Jan
5
Ltd
Ltd
Mines Ltd
Lake
Found
Feb
12%
82
•
Canadian Gen Electric Co.
Cub
15%
4
1
_
Ltd
Canada
Crain
48
54
5
Sugar
7%
16
12%
80
Mines
Mines
Gold
-
Jan
1G3
12%
82
•
100
Hosiery Co
Zx
Feb
98
.19
>
Feb
100
•
Mar
Feb
8%
Jan
75c
Feb
87'/2c
Jan
16c
Mar
20c
Jan
4%c Feb
•
13c
'
■
7%
McColl-Frontenac Oil 4%
•
IlOO
pfd__
"
'*■—-'
*
39
11%
39
85
11%.
25
Distilleries
Minnesota
&
Ltd
Ontario
Moore Corporation
6^
--
93
93%
20
pfd
10
13
13
13
67
Paper Co__
5
22%
22%
22%
1,375
66
66
85
Ltd
•
Nuclear Enterprises Ltd
Orange
Crush
*
Ltd.
_
*
•
Warrants
~_T——
Paul Service Stores Ltd
Power Corp 6% cum 1st
6% N C part 2nd pfd
•
pfd—IIII100
76c
'Li
16c
16c
1,120
6c
6c
6%c
48,100
38%
41
1,420
220
210
220
430
24
24%
575
Amalgamated Larder Mines
25c
25c
30c
8,300
25c
Feb
31c
31c
33c
2,500
22 %c
Feb
4iy2c Jan
13c 15y»c
28,500
Feb
16%c
Feb
Feb
2.12
Jan
Yellowknife
Akaiteho
Alberta
Pacific
Gold
—
Cons
—_
_
Mines
—
Steel common
93
Feb
93%
12%
Feb
_"
13'/2
20
Feb
23%
Jan,
65%
Feb
71
Jan
"
12
12
13
285
11'/2
Jan
13%
Feb
7%
7%
7%
7%
Feb
10%
Mar
Aluminium
Ltd
Aluminum
of
•
common
Canada 4%
Nepheline
-
Yellowknife
American
,.391/2-,
•
25
pfd—_
.
1
84c
1,000
'
-
'
13 %c
37%
Feb
195
Feb
24
•' Mar
9c
T
56
Jan
,
224
Jan
Jan
25%
Feb
38c
Jan
Jan
3c
1-
1
'•'(
-
Jan
__
■..>
'
'
■t
Melchers
76c
American
MacLaren Power & Paper Co
Maple Leaf Milling Co Ltd———"
2c
2c
4c
1,140
1,322
15
15%
100
15
Feb
109
110
15
109
Jan
2c
Mar
:—
•
Anglo Canadian Oil
53
53
80
52%
Feb
16%
110
55%
Jan
Anelo Rouyn
Feb
Ansley Gold
1.62
1.62
*
Mines.
1.67
8.70
42c
1,200
4%C
500
5c"
5%C
4.800
15c
16c
1.600
—1
9c
9c
700
8.50
496
40c
4»/2c
3.55
40c
_
1
—
1.52
3.500
1
Ar.glo-Huronian
15
—
50
—
40c
Feb
9.00
Jan
Mar
65c
4%c
Jan
6c
Jan
Feb
5c
Feb
9%c
Jan
15c
Feb
31c
Jan
7%c Jan
9c
Feb
Jan
'
Quebec Pulp & Paper 7% red pfd—100
Quebec Tel Corp class A...
*
For
footnotes
see
page
44.
<
'
,
i
Feb
6c
8%c
Formaque Gold Mines Ltd
Jan
4%
16
;':V'
common
Preferred
5%
5
.
& Paper com
Jan
5
-
Feb
2,000
6c
23 Ac
El Sol Gold
Feb
10%
4%
4
_
Company
2%c
9% Mar
162
~
#
A—
Feb
1.000
Mines Ltd—1
Cadillac
40c
6,100
45c
•
*
Eldona
High
19
A
'
British Columbia Pulp
Brown
class
Feb
9%c
Mines Ltd
Hollinger
British
6c
6c
East
for Week
High
10%
4%
100
pfd
Range
of Prices
9%
.5
>
Limited
Power &
Jan
"9%c
Sales
Week's
Low
«
Ltd—
Development
Steels
Bathurst
Sale Price
•'
'
•
,
5c
■
1
Dulama Gold Mines Ltd
Canadian Pond*
.K'
Feb
Mar
—*
Ltd
Corp
Mining Co itta
Donalda
'4 Oca
—•
Mines
Mining Co Ltd—
Explorations Ltd
Cournor
Montreal Garb Market
&
Mining
Central
Cortez
;''V
5Y4C
,55c
Jan
10
—
Royal
5c
52c
1
i
'
Feb
25
10
.
Montreal
Nova 8cotla
25
25%
10
-
25
10
Imperial
Ltd
Mines
Bouscadillae Gold
Jan
27
Gold
Bordulac
Apex
__
19%
19%
25
19% Mar
25
Jan
10%
10%
30
10%
10%
Jan
Jan
Cons
Aquarius
Porcupine
Area Mines
•
Resource*
—
—
s.
_
5C
■
'
"
Volume-167'' Number 4679
; •
THE
COMMERCIAL & FINANCIAL CHRONICLE
CANADIAN
RANGE
Friday
Werk's
Last
STOCKS—
Argus
.
Corp
Arjon
Gold
Ashley
-—1
Aoloria
1
Aubeile
Aunor
Bank
Meta's
Bell
*.
Bowes
i
40%
Gold A-A-—-
Ltd.
&
British
3%%
British
Electric
Columbia
Bruck
Power
_*
,
Red
-■
1'
■
*
Burlington
Flin
common
Convertible
class
*
20
,
common
Food
preferred
com.
Industrial
Oil
Feb
'
Feb
Jan
Leather
350
12% Mar
200
5% Mar
13%
6
265
2,400
22
22
20
24%
Jan
2%
Feb
16c
26%
2%
Feb
22
Delnlte Mines
14c
16c
30,600
30
420
Feb
!
Mines
1.75
noma
Mines
Dominion
12c
1,500
A
Stores
Duquesne
13c
Feb
6c
r
.
2.62
2.80
1,300
15%
16
255
15% Mar A'
27
28
180
27
13%
13%
9
1
45
47%
2.48
65c
Feb
Feb
54c
54c
58c
21,100
50c
Feb
64c
Jan
17%
16%
Feb
20%
Jan
50c
Jan
65c
Jan
19%
Jan
23% Mar
25
Jan
27
Feb
22'A
Feb
28
Jar.
2
10
10%
10
33
34
35
16
16%
198
198
199
485
25
East
100
♦
•
28%
Jan
Feb
13% Mar
Eddy
Paper
Elder
—A
Sol
Mar
53%
Jan
Feb
11%
37%
Jan
16Mar
18
Feb
196
Eureka
201%
Jan
Jan
' Feb
11
14
Jan
Jan
Federal
Jan
Federated
20%
21%
2,955
18%
18%
18%
160
23%
23%
24%
445
25%
Jan
18%
19
125
18%
Feb
21
Jan
10%
11
175
10%
Feb
13%
Jan
15%
16
515
15%
Feb
17
Jan
60
130
56%
Feb
63%
Jan
20
Feb
18%
Feb
25
7
Feb
8
400
23
Jan
24
Feb
4
1,100
3% Mar
4
Mar
41
41%
525
14
14%
23%
24
20
*20
12
12
11
11%
100
75c
80c
8,700
24
<23% Mar
„
125
Jan
87
220
Class
A
A,
of
Francoeur
Jan
Froblsher
25 %
,
Feb
Co
15%
Feb
Jan
220
45
45
10
45
11
11%
650
11
23
24%
210
23
82c
82c
1,600
12% ' 12%
190
Mar
11%
260
Jan
Jan
Gatineau
Feb
10c
Feb
Feb
45c
Jan
1.93
1.91
2.00
6,625
2.56
2.45
2.69
35,600
8
8%
510
Loan.
Patricia
Gold
Porcupine.
_
Centremaque Gold
3.15
3.10
3.20
6,631
3.95
3.95
4.00
1,425
15%
16
435
39%
460
38% Mar
3%
3%
105
Prod
class
Wines
A
-
Mines
2%
2%
950
100
565
13%
footnotes
Mar
33c
Jan
,9c
Mar
16c
Jan
see
page
44.
201
Mar
1.20
Jan
140
140
8
8
7%
7%
7%
285
35c
35c
1,000
35c
5,500
5%c Feb
2,400
25c
4.500
1.00
1,115
90
10
18%
18%
205
1.40
Jan
140
-
8
Mar
145
Mar
8%
Feb
7% Mar
8%
18%
Feb
Feb
94
Jan
Feb
20
Jan
10
101
Feb
108
Jan
110
50
109
Mar
111
2%
3
250
2%
Feb
16%
16%
15
16%
Jan
14%
—
_
.
16%
14%
14%
.
25
14
3%
17
Jan
Jan
Jan
Feb
16%
15
103%
Jan
106%
Jan
4.90
10,956
4.60
Feb
6.10
Jan
—
10c
lie
17,000
10c
Jan
14c
Feb
62c
59c
62c
13,000
58c
Jan
•
70c
70c
74c
10,900
70c
Mar
1
12c
11c 12 %c
5,500
11c
Mar
6,100
3,000
4c
Jan
10c
Jan
103% 103%
4.75
—
—
Arrow
1
5c
1
11 %c
1
2.33
2.30
He
12c
4.000
10c
1
5'Ac
5%C
5'Ac
2,000
6c
—1
Mines
16 %c
5c
6c
11c 11 %c
,
2.35
Jan
Jan
150
90
2.29
1
Gold
Gold
Eagle Mines
Goodfish Mining
Goodyear Tire common..
Preferred
4,100
2.04
16c
17c
9,200
3%c
3%c
2,000
*
105
105
105
60
101
1
—
—
—
Jan
Jan
Feb
16c
Mar
3c
Feb
Feb
78c
1.09
16c
,
Jan
Jan
Jan
Jan
7%c
Feb
14c
.
V
Jan
2.65
Feb
16c
Jan
9c
Jan
25 %c
4c
108
Jan
Jan
Jan
-50
50
50
50%
207
49
Feb
52%
Jan
Grafton & Co class A
*
19
19
19
80
19
Mar
20
Feb
*
17%
16%
17%
3,649
15%
Feb
19
41 Ye
41%
175
40%
Jan
44
Jan
11
11
6
10%
Feb
11
Jan
Jan
126
Jan
...
Jan
Mar
65c
Jan
Great Lakes
8%c
Jan
Great
2.90
Jan
Guaranty Trust
Guavana Mines
Class
23c
23c
Jan
Feb
109
1
,,
1.00
Gold
Chrominum
Feb
15c
1.81
4.75
Mines
15c
9,500
6c
23%
Jan
23
104% 104%
•
Goldvue
37,600
2.73
Jan
10c
100
*
6c
21
500
2,830
—
*
Mines
40
2,700
2.55
625
12c
*
Goldora
201
1.37
15c 19 %c
Feb
Jan
Jan
90
*
Golden
201
15
1.90
100
Golden Manitou Mines
Goldhawk Porcupine
1.30
4%
Feb
12c
100
Jan
Gold
Mar
Jan
1.81
Jan
Jan
3%
Jan
22%
—100
Lake
12
1.84
•
Oil
Feb
22%
*
God'8
4
Jan
8% Mar
8 'A
2% Mar
4
Globe
25
11%
14%
Feb
9
7 % Mar
4
1.35
6c
Jan
15
Feb
2.72
8
11%
1.20
__1
Mar
11%
300
,_1
Mines
35c
Feb
15
1.25
50
Mar
7%
700
1.23
1
35c
195
14
Products Mfg class A_—
Jan
Jan
500
100
.
100
35c
——*
-
Mar
8%
*
-
Jan
Jan
4%
Jan
■
.'
*
6o
7%
•
18
47%
,
Feb
Feb
,8%
__
90
Jan
5c
8%
Jan
pfd_—_
8%
115
3%
Feb
500
/:
7%
2.65
—
Research
35c
10
Feb
15
5'Ac
——
Feb
140
93
5%C
8%
*
Mar
—_100
90
5'Ac
1
A
4.55
Jan
4.55 Jan
15% Mar
•38%
*
...
1.30
Feb
16
.—,—100
—
74c
Feb
38%
*
| 15% Jan
103%
*3.90
•
Power common
Goldcrest
2.85
'
1
1.90
11c
Jan
"
24
9c
19%
Jan
100
1
Feb
20
10
„
Trust
17%
Feb
800
17c
60
17%
175
1.30
Jan
17%
Feb
60
24
Zl
38
18%
1.95
__1
16
Jan
18%
24
—
Feb
30
Jan
1.90
100
Mines-™
55 c
15%
25
25c
V
Canada
'*T
1
"
Jan
Feb
65
35
Jan
General Steel Wares common
100
9%
8
16
35
Jan
Giant Yellowknife Gold Mines—
Gillies Lake
Mar
Jan
17%
■
Jan
13
3.50
Mar
Jan
99"% Mar
Feb
2.45 Mar
18c
Jan
Feb
2.08
16
"
*
30
88c
Jan
55c
Mar
15*
Jan
68c
A
class
33c
14,025
;
■'
■
1.61
Feb
95,100
__1
Central
16
9c
21,500
-
100
7c
26c
3,400
23c
Preferred
100
2,000
11,000
Mar
Feb
Feb
29
13 %
12
Jan
29c
10c
45
Feb
Jan
12c
*-
7'Ac
Mar
75c
74c
Feb
7c
Mar
„c
Mar
7c
26
1
■
preferred
Gpn-ral Bakeries
General
Jan
42c
62c
-
5% %
Mar
17c
-
13,500
88c
5preferred
90
9% Mar
26,750
1.10 Feb
80c
_
—
14% Mar
Jan
55c
Gold—
87
Jan
72c
19 %c
Exploration
pref
14
16,100
,
Jan
20
Mar
81c
...
Canada
Jan
23%
Jan
11
10c
1
.......
36%
Jan
12%
22c
A
Mfg & Aircraft
Fleury-Bissell common
Feb
21%
Feb
___1
—
—_
Fleet
20% Mar
Feb
11
A-Aa—Ua-1
common
Preferred
Jan
20
7c
20
_
Ltd
A
Jan
41% Mar
28
*
Preferred
10
100
10c
»
18%
26%
25
8c
Feb
23 % Mar
160
47c
13%
140
22%c24%c
45c
42c
com
75
preferred
—.100
Wirebound class A
*
23c
7%c
Petroleum
87
5
79c
—25
......
14%
55
'
Feb
1
com
30
230
,
40
1
-
-
10
,
■
8c
Kirkland
Fittings
Gair
14%
0m mt
Jan
475
Jan
21%
Ford
9%
•
•
:
Fibre Products
34%
7%.
•
24
1
Mines—
Preferred
23
4,335
Central
7%
•
Mines
Grain
41
24
492
23%
__«■
Fanny (Farmer Candy Shops
Feb
13%
—
24%
24
__1
Corp
Feb
99%
_
270
24
Ltd
Falconbrldge Nickel
Famous Players
22
13
Gold
26%
Jan
Mar
33'
35
99%
Castle-Trethewey
26%
*
Gold
80
13
Canadian Utilities
26%
•
Mines
class
Gold
306
—_100
Railway
2,160
25
Mines...
Mines
Eldona
El
22%
12%
23%
3%
.
Washington Machine
36%
23
22%
9%c Jan
4
Eastern Steel
Easy
22%
50
'
23'/a
»
Mines
Sullivan
35%
"A"—*
18,700
1
Mines
Malartic
35 %
45
58c
5%c Mar
50
52c
I—III
Mining Co
Amphl
Federal
110
__1
17%
57c
Jan
^28%
Mar
45
10%
$
■'
_•
Feb
2.80 Mar
13% Mar
230
21
A.,
Alcohol
——
Feb
14,500
Jan
Jan
Mines
Gold
Eng Electric class
34
__„50
__
class
41c
6Y8C
Jan
1.60
Jan
—
Economic Invest
3,800
1.32 Mar
82c
•
Feb
9,000
46c
550
Jan
48c
*
Jan
10c
9c
1.36
Jan
11
Feb
Oil
Mar
18c
26%
Feb
9% Mar
55C
Oil
4.65
44c
Feb
24
10
13,700
Crest
16
46c
10 %C
„65
-9%
68c
Leduc
15c
3 65
500
24
24
Jan
64c
East
Feb:./
14%
12c
12c
9%
Jan
21c
40c
East
Jan
20
21.880
Jan
Feb
Jan
Jan
16
10c
Mar
Jan
10c
4.15
18,500
Jan
1.00
65c
Duvay Gold Mines
16
14c
14c
——-1
Woollens
Jan
3.80
Jan
37c
Dominion Steel & Coal class B—
East
Mar
Mar
65c
Jan
Jan
50
10c
700
Jan
Jan
8%
Jan
19,600
75c
30C
Dominion Tar & Chemical
pfd—. -23.50
Dominion Textile new
100
12%
42
Mar
7,900
Jan
29
105
115
41
25c
Feb
50
Jan
Mar
6,100
Dominion Malting common—Dominion Scottish Invest corn-
30%
.Feb
7% Mar
115
40c
Jan
Mar
11
:
•
0
14c
24
5
37c
1
Donalda
40
115
33c
Magnesium
Dulama
235
Jan
90c
37c
Dominion
Jan
A 465
Jan
30c
5%c
*
10
Feb
8
22c
Jan
6c
Bank
2.40
12
Feb
Jan
76c
1.32
•
15%c
25
16C
26c
600
37c
T.t.rt
Jan
12
7%
500
1,375
1
Yqllowknife
Jan
Feb
Feb
Jtin
37c
Distillers Seagrams common
Diversified Mining
12c
28%
Jan
1.09
23
90c
11c
24
1
Dominion Foundry & Steel
Jan
■'»
19c
70c
'1—
1
Jan
Jan
154
Feb
21% Mar
10c Ll%c
<9%
1
Lake
Jan.
Jan
Feb
80c
27c
46%
1
Dominion
99c
148
90c
14c
*
-
Nickel
Red
Dominion
63c
10
*
*
A
Feb
23%
6,800
Feb
3% Mar
115
;•
class
37c
Jan
187
96c
Feb
10%
19c
1
25c
30% Mar
152
Feb
26c
50
:
Discovery
Jan
5%
735
21%
10 %c
Dickenson Red Lake
Jan
16%
12%
25
Steel
19%
4
151%
•
Detta
7%c
99
3% Mar
27c
—
Class B
1
Mar
9% Mar
\
—
Dexter Red Lake—
15% Mar
Mar
20
common
Pacific
Patricia
Jan
5%c Mar
3
29%
•
Cog
26%
92
35%
A
Locomotive
preferred
For
37
Feb
35
2,000
10
Jan
125
—100
Coal——
Jan
1.00
595
V
35%
Canadian Malartlc
Ohimo
93
3%
20%
-100
101
Jan
21c
450
—
Aircraft
Davis
v
Feb
-25
Li
Electric
Secur
11
25
12c
1.100
Gen
Chesterville
26'A
tL
Feb
Mar
Jan
20
——1_—„
Canadian ,Gen
Cheskirk
9.50
65c
23"%
-25
Products
Feb
85c
3%
21%
i
D'Aragon Mines
Jan
1,755
12c
A.
_
Preferred
Chatco
6c
24%
1,500
common-
Celanese
New preferred
Canadian Dredge
Cub
Jan
2.05
15%
91%
Jan
152
Feb
Jan
23%
2.00
10%
—20
Celanese
Chateau-Gai
24%
4c
*
Feb
14,600
*
21 %c Jan
16%
?
59%
-——
Feb
Jan
14% Mar
10%
1
—
Mines
Nest
22%
20%
•
Feb
13c
1.00
95%
Pershing
Crowshore
Jan
20
11%" 11%
—jr-50
Feb
16c
1.50
Feb
94
>
Mar
"
—
Chartered
5c
55c
Feb
1,055
68c
♦
A
preferred
Canadian Car
Chemical
155
63c
47 %
Canadian Breweries
Central
.
2,000
30%c31%c
13 %
Canadian Canners common
1st preferred
Feb
Feb
15%
common
Canadian Bank of Commerce-
Cariboo
Feb
Feb
2.80
Permanent Mortgage—!™—100
Canadian
29c
1,750
10c
:
Canada S S Lines common.—
Preferred
Canadian
Jan
3%c
2,235
-
1G
Canadian
Jan
17c
60c
21%
12c
Flon.
Packers
Canadian
17%
86,100
..
Class B
A
28c
'■A
22%
32
25c
4.00
61c
2,500
39,525
87c
Trust
Crow's
East
•
Canada* Northern Power
Canadian
Mar
50%c Mar
100
2%
0
preferred
Malting
Canadian
Mar
23c
300
\
26%
22c
,
5%
10
65c
26%
2%
1
Foundry
Jan
21c
500
:
26%
12
25,500
18'c
7%c
Jan
3%
*
Davies Petroleum
25%
~8
150
Feb
1.40
83c
9%
Preferred
—
15
5%c
95
Jan
18%
41c
5,200
3
27
Iron
169
Feb
13%c Mar
25
Preferred
Canadian
3,0J0
27c
68c
•'«
♦
2nd
Cement
Canadian
4,300
92
29%
...
Campbell Red Lake
Canadian
Croinor
17
1>100
12c
*
A
Oils
A
Crestaurum
Jan
160% Jan
13.100
2.00
•
■
Callinan
Class
48C
%c
,
miii
Edmonton
Calmont
Class
Jan
25c
Crown
C23c
3
3OV2C
3,500
15,550
•
Mining
41
Feb
166
92c
Jan
Feb
Jan
Jan
1.41
16c
_
common—
.
Steel
&
Canada
15
2%
23
•
'■
Exploration
Feb
Jan
11%
27c
7%c
9%
100
Corrugated Paper Box
10c
1,134
25
_—....
Mines
72c
Jan
Jan
14%
Feb
Mar
3%
Gas
Oonwest
38%
38,200
12%
•
t
Caldwell Linen
Canada
105
13c
5'Ac
92
1..1
Calder-Bousquet
/;
40%
4%c
5
_
•
class
Canada
Jan
5
»
_
B—
Jan
24%
Burns & Co class A
Canada
36c
A_
class
Jan
22
21%
-
——
I^ke
-
Canada
25,700
*
„™
Products
.
Calgary
Mar
1
100
24%
.'••V,.
IIIIIIl
Canadian
Burrard
18
4,400
213i
♦
Ankerite
.
.
48c
23
"A—3
A—
Oil—.—.....
Silk Mills
Building
12%c
17
'
.
Jan
16
•
Buffadison Gold
.
9%c
145
Press
Press
Denison
pfd. —100
class
Porcupine
Buffalo
19,600
20%c
8
Mar
20c
Jan
"6c
B—
Dominion
Buffalo
38%
5%
Columbia
Buffalo
Feb
5c
R,
Class
34%
10
Forest
Packers
Broulan
100
CO en
65c
111—25
preferred
Columbia
British
Consolidated Mining &
Smelting
Consol
15%
_
13
10
3,300
16c 16 %c
17c
Consolidated
Mar
Mar
63c 65 %c
—1
—.
Feb
5%c
common.
150
105
23c•
2.45
7c
65c
Oil
Jan
■
Oil
Cadillac
Homestead
Jan
55c
17%
7
Jan
1.41
—2
37%
1
—
British
Class
Central
Mines
28
—5
...
British
British
4.00
Beattie
Jan
15c
»
Light & Pwr com—*
Lake.
Columbia
Feb
Consolidated
Feb
5c
V'Vv^-'
7c
147/a
35%
23
•
13%
-10%
20c
Bakeries
Consolidated
50 %c
.
p
■
A
Distillers
conv
Consol
Jan
3.10
"
—
class
American
Jan
14c 14 %c
53c
«
Cordage preferred
Red
25c
25c
1
—A-
—
65
2.15
88c
25
41c
4«/4C
Brazilian Traction
Brewers
Feb
18
2. ——i
..I—
B__
7
10%
__5
310
21c
>
22c
14 %c
,
Brewis
15c
19c
641
11c
45c
_i
4,450
20c
Mines
Feb
164 165 %
__—i
Millan
&
Consolidated
Feb
Yellowknife
15c
17 %c 17 %c
Pershing
Brand
Feb
9c
Colomac
■
—_i
,
—
Bralorne Mines Ltd
(Joniaurum
Mar
40%
lie
•
Jan
2.25
-1
Coniagas Mines
Jan
615
43c
442
_
Brantford
Jan
37
18
*
;
Mines
Boycon
Jan
9%c
"13%
4,200
9%c 10 %c
164%
class
11c
Jan
Cournor
A iiniii
Gold
Co
Jan
25%
L.—
II—III
22c
13%
25
35
c
Jan
Feb
10%
Plow
36
'
6 %
_•
Gold
Bordulac
8c
7c
10% Mar
2,000
5c
15c
7
Lake
9c
3.90
Feb
3,100
Jan
Consumers
A,
•
Bonville
Jan
io,roo
20c 20 %c
3.SO
25 %
*
Kirkland
10c
3c
19c
-1
Cockshutt
13%
High
1,500
common—.
16 %c
500
15c 15 %c
_a
.
class
Bertram & Sons A
Bonetal
13c
9c
—
10
—
Mining
Mines
13c
Dunlop
Feb
Low
4c
2.15
A
Mar
Range Since January 1
High
18c
o
7c
8,200
35%
Yellowknife
tsiagood
20
9,200
9c
Telephone
Bobjo
11
11
8%C
2,420
Scotia
Brothers
Beaulieu
Class
2,500
20c
Bear Exploration & Radium
Beatty
Cochrane
Jan
9c
1
Power
Jan
38c
11
—
Toronto
Bathurst
13c
Jan
8c
—
Base
Mar
Shares
3%c
Cochenour Willans
10c
10%
1
_
Neva
of
Jan
Low
1
-—
Oiis
22c
9%c
Mines
Montreal
of
Bank* of
60c
Coastal
3,500
7C
1
-
Bagamac Mines
Bank
Feb
Malartic
31,400
%
Gold
35c
Citralam
Jan
for Week
of Prices
Par
Jan
83
%c
10%
.
Goic
7%
Mar
Sales
Range
Sale Price
High
Feb
67
26c
7c
1
A—
*t
Mines
Aumaque
500
7%C
.
9 c.
•
"»
40c
6%
45
10%
„1
-
Yellowknife..
.
11
430
Week's
Last
STOCKS—
Coin
Mmes
•
Friday
Range Since January 1
Low
7,
23c
7%C
Atlas Steel
Atlas
,
-
yueoec.
Atnona
25c
10
Oil
&
5
\
•
snares
70c
10c 11
i
Gold
MARCH
'
High
67c
40c
Ashdown Hardware class A
MARKETS
ENDED
for Week
prices
6%
702
*
Armistice
WEEK
•
Hl.ioo
Warrants
ot
low
*
common
rrefem^
Sales
Range
Sale rrice
Par
LISTED
FOR
(1077).. 41
2.45
20c
1.00
Jan
Jan
Feb
30c
1.25
Feb
Jan
A
Paper
common
preferred
•
West Saddlery common
Gypsum. Lime & Alabastine
'
*
11
Jan
'
;
10o
1
*
125
125
20
75c
72c
75c
6,495
13%
13%
14
645
125
67c
Jan
88c
Feb
13
Feb
16
Jan
42
MARCH 5
WEEK ENDED
FOR
RANGE
MARKETS
LISTED
CANADIAN
'•
h
Friday
Week's
Range
for Week
of Prices
Sale Price
STOCKS—
Par
10 %c
Feb
32c
10% C
410
10%
Feb
11%
1,200
7c
Feb
12c
6c
7c
7,816
5 %c
Feb
8c
80c
90c
2,605
79c
Jan
95c
6c
6c
3,500
5c
Feb
7c
13c
14C
3,000
10c
Jan
16c
77c
1,500
74c
Mar
95c
Jan
13%
100
4,500
International
•18
Jan
19%
Jan
Feb
12
Jan
Northern
North
5.35
Feb
6.60
Jan
5,500
6c
Jan
9c
36 %c
33c 36 %c
9,600
30c
44
4,950
25c
1,010
43 %
1,500
2%c
—
3c
2 %C
25%
15%
7,007
13
285
7
105
7
\
Jan
Jan
Omnitrans
Feb
Ontario Beauty
Mar
7
7%
Feb
25%
24%
14% Mar
Jan
5c
6,100
6%c
498
9
40c
Mar
55c
Jan
36c
Mar
39c
Jan
Osisko
Osulake
36c
31c
100
15
30%
30%
3,395
36c
30%
13
50c
56c
102%
Feb
34%
3c
3c
3c
16c
Jan
6c
Feb
16c
Mar
5c
Jan
7c
14c
12c
11 %c
6c
500
51c
6,700
41c
Jan
58c>.
Feb
36c
'•
•; ...»»••
38c
5,155
35c
Jan
52c
1,000
6c
Feb
8c
33c
Jan
6c
6c
27c
-
2.100
5,992
5.40
——1
49 c
People's Credit
24
6.00
————-■-*
1
5c
Feb
Piccadilly
Jan
Pickle Crow Gold Mines
1.78
Jan
52c
9,800
5.40
Jan
6%c
58c
Jan
3C
3c
7,500
2c
Feb
14%
14%
1,005
12%
Jan
14% Mar
50c
50c
48V2c
2.95
2.90
2.95
r
300
2.80
Jan
6.45
6.45
6.90
-.>■
400
6.25
18
18
1
7c
6%c
—1
6%c
6%c
1
1
-
70c
Feb
*
*.,.***.
5%c
5%c
5%c
3%c
6c
3%c
4,500
__
53c
5,000
-
3,500
Jari
6.95
Porcupine
"U"
Laraer
Laura
Mines
_
Leduc-West
1
Oil
__
Mines, Ltd
Leitch Gold
Jan
.6%c Mar
11c
Jan
8c
Jan
Feb
3c
5,000
2,900'_
s
Feb
f' ;;
Power
Gold.
Reef
1.25
kV,*
4
Lobiaw
45c
43c
59c
Y*
Feb
1.50
Jan
41c
7,050
A
*•
-
27
26
27
295
26
Mar
31
Jan
25
24%
25
380
24% Mar
29
V
Lynx
'
i
Quemont
Jan
1.16
■
t
MacLeod-Cocksnutt
Class
K
Gold
Lake
&
Maralgo
1.23
15c
Jan
18c
Feb
Roche
4,500
7%c
Jan
11 %c
Feb
2.90
2.70
2.90
5,&00
Jan
3.00
90c
1.00
21,260
85c
Jan
1.95
Jan
9%c
9%c
2,000
9c
Feb
2.60
1.34
2.99
Massey-Harris
1.85
1.84
25c'.'
12c
Jan
;
__
11%
10%c
'•;
Jan
Feb
10%
Jan
Rupununi
7%
Jan
Russell
6c
~
Feb
23
■
McColl-Frontenac
1;
common
64%,'
'
McMarmae
Lake Gold__—___>__l
Red
7-11.
Mills
Mercury
Mid-Continent
Milton
56c1
Jan
10%c Mar
Jan
4%c Mar
16%
6c
187/a
1,750
97/s
Feb
570
li
56%
Jan
•
Jan
8c
•.
i, ,12% '■-, '12%
*7
r
\
•
,
'
.'
£*
-
.
p
1,000
16'
15
31,500
'1
'2.(4
2%.
7.20
Works.....
16,500
v
8 %c
6%c
2%
—
Modern Containers common
Tools
13c
-
161
—
Oil
3,420
20c
12 %c
Corp
Modern
Sand
■
Monarch
Knitting
100'
preferred
Porcupine
Jan
-.64% Mar
■
s
Feb
17c
Mar
•'
12%cMar
V;
16
A___
•
:
•
66
25
Moshex
;
25%
Long Lac....
—
27c
Mylamaque Mines
1.85
25
330-
.
12
Feb
6
95,'
19c
20c
,P;"
Jan
Feb
80c
Feb
12
Jan
14%
Feb
Mar
JMar
160
*
Jari'
Jan
17c
9c
Feb
2.50
Jari?7
Feb
6%c
>2.30
*
30
30
8V2
—
;'v 28c;
Feb'./
30
14c
23c
.
"
Mar
15%
50
Jan
33
Jan
8
275
725
6%C
12c
27c
;
16%
6%c
__
8,500
22c
8
16%
,
1
"
-1 '
1
•
27c
•
•
—10
♦
1
2 000 >'
7,600
5,200
:
;
■
Feb "
9
16% Mar
Feb
6c
Jan
8c
Feb
10c
Jan
15c
Feb'**'
27c
Jan
49c
Jan
Gold—
'
\
f
Preferred.
v
-
;
•"
29
95
j
-
7c
400
7c
2,500
114
*
14
52c-
59c
V
•; '
1
15c
"
—50c
10%
10%
'.1.05
1.00
?
"A"__
Sheep
Creek Gold
—
Sherritt-Gordon Gold Mines
Jan
Breweries'
Sicks'
1
)
•
■
V T'C_—
17%
R
'
800
70
8,500
40
3,800
1.05
50,293
275
225
"
.
i
7.50
1
1
•
0
24%
»
—
523
53c
30c
12,700
25,700
10%
10
<11%
^—_—*
Miller Mines
7.75
46c
27c
51c
;■
%
Jan
V
Jan
i
Dairies
Bilverwood
,
.
class
class A
—
11%
10
1,128
83
345
24 '24%
19%
140
125
19%
B
Preferred
Mar
A
Class ,B
Simpson's Ltd
100
-
39c^
16 %
Jan
I
Siscoe
Gold
65 %
66
325
65
Feb
71
Jan- '
\
Bladen
Malartic Mines
25
25 Va
25
Jan
26%
12c
5,100
10c
Feb
15c
Feb
26c
30c
31,500
18c
Jan
32c
Feb
99%
43c
33c
25%
Jan
12c
98
40c
31c
25%
98%
Jan
Feb
10%
11%
Jan
11%
260
13%
13%
235
13% Mar
27 3>
75
27% Mar
12 %
75
12
11
12%
Feb
Feb
12c
Jan
17c
Jan
14
v
Jan
Mar
14
Mar
.
"
50c
Jan
66c
Jan"
20%
Feb
22
Jari V*
Feb
47
"
-45
146
Jan.
Jan
20c
Jan
10
,i»
Jan
Feb
-
/,<
<
Feb
'+*'*
j
,
tvf
D
Jan;
Jan
->.1.15
Jan
1.95 Mar
3.15
Jan
1.00
-*,
12%
Feb
15%
Janji-'
12%
Feb
.14%
Jani*!-
Co
1
i
(Ni
common.'
*
Mines
Stadacona
1
20
40c
32c
25%
*
Springer Sturgeon
j
• -
(1944)
1.40
*
*
-
'
.
,
9,000
3,600
45
1.43
1,700
58c * 60c
6%
6%
3,500
150
5,5
25
19%
80
25
1.38
58c
.
8.50
7.20 Jan
46c
27c
'
;-i
-
Standard Paving
Prefcrx-ed
Standard
Radio
common
—
class
——•
*
A:—_____—___°
5
.
:
19
_i-
,
19
4%
4%
-
Feb
70c
Mar
.
Feb
48c
Mar
Jan
V.-.fff/f
12% • ^Janc^
,' li%.Jan.;,
10% Mar
10
24 *
19%
98
Feb
Mar
'
Feb.-."Mar
.
37c
Feb>
2f •<
jari"*
22%
-
Ja«
-101%'Jari
47c
.
.
.
25% Mar
1.32:
Jan
68c
Feb
6
Jan
1.50
Feb
55c
Jan
39c
28
Feb
28c
J>.
f
Feb
Jan
Jan
7%
•
Jan
28%
12%
/V
Jan
16
-
Jan
4.35
•-
Feb
Feb
11c
Jan
Jan
95
&
M
Feb
37%
127%
Feb
6c
:'.y
Silanco
—1
(Quebec)—
Mines
Sigma
Jan
^Jan
14%
95-
Jan
Mar
7c
0
10% " "
1.95 2.17
12% ' .
13
12%
13
—1 .,.2.00;
• ' •• 12% \.
common
33c
2,950
Jan
14%
Mar
3.80
Mar ;
23c
Mar
114
100
51,900
.21% 21 %
45%-45J/4
14c
15c
45%
Jan
16c
Feb
7c
25
14
.
—
7c
13
Jan
19
Jan "
5c
1,781
6,000
14,000
llcl3V2C
•
52c
21%
■ ;
.
4.15
4.25
6c
7c
'•
<•
100
155
'
11
*
■
12c
:
*
t--
Brewery
Wpg
Shea's
•
k'-
6%
Mar
-
•
1
———
Mines
Shawkey
-
14%
•
„
—
———_*
—
33,700
14
114
^
—
100
Ltd
V
Bridge
'
•
.1
————1
1
Mines
10c
;■
7c
,13%
8c
—
25%
Feb
16
'
:.
•
preferred--
.v
•
v.
23% Mar
655
115
145.800
7c
V 17
<( T'4c
—1
Mines
Gold
\
.
24
17
16c
23%
17
13c
235/«
—1 '
15
37c
27%
I—
44.
Jan
52
160
300
i
Sarnia
7.85
Feb
13%
page
10%
Feb
9% Mar
Jan "
18c
3
Feb
:-6%
3 29c
t^-r
Feb
7.00
20
footnotes see
Feb
15
Feb
13%
51%
19,600
2.50
30
senator Rouyn Ltd
Shawinigan Water & Power
Silver
—5
For
8c
2.36
__"
Standard Chemical common..:—
National Hosiery class A..—
•
1,630
125
w
7%c
—
f
Slater
preferred
4%
12%
160
,
2.50
1
_____
'v.'
'•
Jan.
75c
11c
Mar
6%c Mar
320
12%
1
>
55c
3,260
.7.25
95'.
'30c
'
Moore Corp common
,
7%c
—
common
14%
....
—
15
_-l
f
*
Montreal Locomotive
Jan
Feb
Paper
River
Class
Moneta
2.10
Jan
13%
Feb
Mining
Sannorm
Jan
28%
Feb
25
*
Jan
5c
31c
300
57c
17c
I7%c?
i.
Brick
Mining
56
i__
McWalters Gold
Jan
1.78 Mar
Jan
Mines —
Antonio
San
>
Lake
12%
""86c
*
Red
Feb
Feb
Co
St Lawrence
,
Jan
Mar
4c
1,620
10 %
64%
621
;
!
3,000
I'
26
:io%
10%
-
5
f
97,500
6c
26
*
Porcupine Mines____-_i_
McKenzie
Jan
10%
Jan
r
70c
Industries common
Ryanor
•
Mar
14%
11% Mar
1,000
'*■"
Jan
3c
Jan
-
Mclntyre
52
52
52
Jan
15
2.495
:v)
Feb
1.95
Feb
2c
Jan
40c
Mar
20
410
4%c 'r
17'/'a' 17%
17%
•
10
3.15
Feb
1.67
<■"' 1,000
23
1134
4%c
25c
7,200 1
10%C i8%c
20
_
3,575
170
727
41%
Feb
84c
13%
160
class
Feb
Feb
2.75
1,500
.;
2c
•
4c
1
„
25c'
23
11%
_____1
•
__
Feb
Jan
;., : 77c
Royalite Oil
Roybar Chibougamau
9
9,400
1.90
2c
•
common
Preferred
__
5Gc
11
315
■
1.78- 1.90
14% 14%
9%
10
1.80
;
:
Oils
5%
150
660
3.10
2.94
___1
Martin-McNeely
11%
25c
37
935
860
14c
12c
11%
Jan
42c
89c
Long Lac
Gold
1.51
1.25
2,450
10
6 Va
6
23
I
1.37
10
•
^
13%c
..
Jan
Mar
16 %c
9,700
40%
Jan
3.50
W
Mar
Royal Bank
*
1
....
47c
39
2.30
V
Jan
91c
Eastern
Gold
Marcus
42c
40
•
Feb
16%c
Jan
68c
Rochette
1
MhUng—
47c
'
Feb
3.25
200
2,000
3.45
18c
3.45
18c
2.00
1.46 Mar
Jan
2,000
1
Mines
„
»
Feb
48,100
1,100 ,',
A
55,250
Gardens—i___—
Leaf
Maple
Jan
Feb
82c
78c
70c
(1936)
(Little)
10c
Malartic Gold Fields
Maple Leaf
11c
1
Silk
18c
Magnet Consol —.j_l
Manitoba
Feb
69c
68c
—
Riverside
1.32
•
•
Mines
75c
1
>80c
"
' 12%
B___t __
class
Robinson
10c
Mines
;
Red
Madsen
Gold
Export class A—,
B
2,300
5% Mar
72c
Mines
Gold
Rlchmac
?'
MacMillan
76c
20c
v
16c
1
Macfie Red Lake
Jan
3,855
1
Mines
1.25
1
:
46c
Feb
5% Mar
60c
Gold
Regcourt
Roxana
MacDonald Mines
Feb
14c
'
1
Mines
Macassa
39c
184,000 '
.__l
Mining
MUk
Quinte
♦
1.31
6,600
23,400
200
16c
__40
Queenston Gold
1
—1
Goldfields
Yellowknife
2'/2c
2.22
_1
Labrador
Quebec
Jan
Gold
Lunward
Jan
Jan
14c
*
common____^___10
Mills
Preferred
Class
Louvieourt
5c
Feb
Jan
•
class
Groceterias
Class B
:'
3c
1
Fiour
Renabie
43c
3,400
Feb
8c
Feb
Mar
•
;
Corp
Purity
Jan
1.24
1.25
Mar
2c
2.10
—
V
Preston East Dome
Proprietary Mines
'
V V
1
1.20
Jan
14
•
Jan
''
Lingman Lake Gold Mines
Little Long Lac Gold Mines Lta
1.55
3%c
75c
3.45
l
Pressed Metals
f
Jan
■ ■
.
"•
Jan
78c
Jan
Jan
1.15
.
17%
4 %c
Feb
14
61c
10,000 n
1.25
Jan
Jan
Jan
5c
•70c „
66c
1.20
1.25
'
Jan
1.21
32%
«
Jan
Mar
14
2.15
1
River
Powell
Jan
7%c
220
3%c
r
•
68,700
;
14%
3%c
3%c
i
7%c
14
3
1
—•
1
Candy
Secord
Lebel Oro Mines
•
10c
1.31
15%c
•
1
Quebec Manitou
Lapaska Mines
5%c Mar
Feb
70c
500
10,200
2c
75c
1
Peninsular
Porcupine
V
li
Feb
20
Feb
6c
2,000
7c
Jan
3.00
Jan
18
45
7c
6c
'
Jan
53 %c
40c
41c
14c 15V2c
5%
5%
2c
40c
14%t
______1
Pioneer Gold
Jan
Jan
4%c Jan
>.
14%
Jan
Feb
Jan
4%c
'
•
—1
Mining
Gold
7.75
Feb
41c
i
Feb
1.15
Feb
Porcupine
,
Jan
25
23% Mar
,<■' 13,000
49c
18 %c
Mar
Jan
55c
%•■ 12,400
4%c
Jan
75c
90c
*
22c
1.43
,
205
5.40
IOV2C1 Feb
11c
28
1
Mar
7%c Mar
275
5,225
20
Sec—
;
Jan
4c
!
31
1.49
14
1
Feb
10%
Mar
3c
Jan
3% Mar
3% Mar
30
1.39
14
1
Feb
2.00
7% Mar
f
30
1.40
14
Pen-Rey Gold Mines
I
23%
Jan
Jan
1
15c
31,600
50c
1.69
7%c
16c
Feb
>_1
50c
15c 10 %c
50c'
1.G7
Exploration.1
Gold Mines
•
11
-——1
613
Feb
Feb
43,629
2,000
__1
Jan
Jan
5c
1.00
7c
95c
Malartic
Feb
15c
V
10c
5%c
90c
Perron Gold
1.61
16c
Kirkland-Hudson
1.35
6c
Paymaster Cons Mines-
,
Feb
74 %c
Jan
13 %c Mar
7%c 7%c 7.7 6,000
15c 16%c
6,000
75c.. 83c
31,600
54c
57c
17,700
7%c
Jan
•
92c
15c
Paramaque Mines
Parbec Malartic -___
,
Jan
Ltd—
229
808
4c
2.20
Feb
Jan
1
*
!__•
bol
1
Oil
Partanen
15
Mining &
3%
7%
3c
Mar
1.81
Jan
Feb
Gc
1
3%
7%
—
Jan
6c
•
Tubes
Porcupine Mines Ltd
Pantepec
Jan
38c
Gate.
1.75
—
3%
4%
59c
1,500
19,400100
•
Feb
Mar
6c
3,000
5Vsc
13c
1.75
5%c
4%c
3%
2,665
14c
Jan
Feb
3c
Jan
6c
46c
'
Feb
-
13,200
Jan
Jan
32c
76%c
54c
Oils
Pamour
Feb
13c
13%
Lapa Cadillac
1.29
1.26
10c
55c
Jan
1
Pacific' Petroleum
5,201
—
22,200
-
Feb
1
Mines
Feb
15
Lang & Sons
73c
■
Jan
Jan
24c
1
Mines
Jan
14%
Mines
1.99
70c
1.18
13%c
1
Lake
Lake
59c
2%c
70,410
-'
Red
157/8
14%
Wasa
1.90
72c
___.-~_-._-50
Page Hershey
2,500
13c
Kerr-Addison
Luz
2,500
660
25
3c
Feb
Jan
Lake
3c
4
6c
*
Feb
50c
La
28c
1.90
Feb
10c
Feb
5c
3c
4
6c
6c
1.96
Jan
40c
25c
.•
Supply._^__
12%
Feb
Lainaque
1.65
14,000
1,100
4,000
1
rights
Pacalta
22c
Gold
6c
50c
5c
1
*
44c
69,300
1
Mines
2,500
-
Jan
15,175
Shore
7%c
40c
0
*
Gold
Orenada
Jan
30%
16c
1
Mar
100
1,230
12%.
Feb
Oriac
2,000
100
8%
21,800
Fortune
7c
15c
1.75
Feb
2,000
22c
Lake
Jan
15c
1.66
40c
1
Crush
9
20c
Lak?
20c
5%c
Warrants
Feb
40c
—1
*
Feb
7c
•
i
Loan
40c
1
Mines
Jan
1,000
7,816
15c
1
Exploration
Ontario
8%
9
'
—
Gold
Orange
7c
21c
Dufault
Jan
24c
1
Malartic
Omega
Jan
305
150
26c
Laguerre
51%
Feb
Jan
17
25
Gold
Lake
Jan
Feb
11c
1
*
(1940)
Oils
Okaita
14 %
•;
Jan
Gold
(John)
1.40
44%
*
Mines
16%
14% Mar
12%
Kelwren
Labrador
1.10 Mar
1,850
9,100
14c /
Jan
Renville
Labatt
4,050
45%
16c
15c
•
Gold
27
14%
C %c
."Uw" '
13
—
7,000
1.20
44%
44%
1
Ogarna-Rockland
Jan
25
50c
.
O'Brien
Jan
Feb
14%
25
_100
.
Feb
3%c
22c
Lake
32c
1.10
1.20
5
25% Mar
160
14 y»
12 la
15
___1
Mines
Golden
12,500 >
2,945
17c
?
Jan
5%e 5%c
"
1
1
Jan
24c
KirKland
Jan
7V2C Jan
Preferred
O'Leary
25%
25 %
_6
Mining
Klrkland
46c
Jan
Mines
Gold
115
111
50
113 Va
113 'A
113%
Ltd
Quebec
Feb
5c
31c
Jan
Jan
'
Kayrand
Jan
31c
1 '
Mines
Canada
48
Jan
•
*
Joliet
15V2C
28c
»
32c
Jan
28c
45 %
_
_
31c
Feb
_______„^_5
4G %
Feb
44
75
44'/a
%
1
(1939)
Feb
15c
North Star Oil common-^
Jan
40c
Jan
44 %
.
£1
;
Mines
24c
.j.L—.U——
Northland Mines
25 %c
26c
45 %
100
Mines
Mines
6,500
Merger
Inca
Feb
5,213
28c
Feb
common-
Mines
1.15
1.00
Malartic Mines
Norseman
10
International Uranium
Joourke
Jan
15c
Feb
9%c
95
Petroleum
Co
Feb
1
405
6,065
C
Jellico
10c
8C
preferred—
Metals
Nickel
6c
15c
11
;
international
Jan
1.67
18%
25
——*
Coke
5c
90c
•
18
1
&
2,500
25 %c
15%c
' 31c
1
10%
Feb
5,650
5c
28c
Norpick Gold Mines
'
Feb
2.45
90c
Nordon Corp
Normetal Mining
1
2.99
5c
'
Norbenite
Jan
*
-
Mines
Noranda
Jan
2.15
1
Mines
Nipissing
28 %
90c
Mines
Nib Yellowknife
y
Jan
Feb
2.35
1
Norzone
Rouyn
Jan
22%
24
Jan
8c
Jan
6.20
Mining
Jason
6c
6.00
_
International
Jacola
1,500
New
9%C
Gold
International Coal
7%c
7%c
(John) & Co
Inspiration
Feb
8c
—:——
preferred
Imperial Varnish common
4%
26
2.40
—1
——
Gold_..__„____„v
New
9%
10
-•
ordinary_5
Bank
Lake
24 %c
G.15
common-...^:'.:
Oil
Imperial Tobacco of Canada
Inglis
Mar
12c
Marlon
Jan
1
—50
Imperial
20%
26
33c
Feb
Feb
_1
Calumet
New
■i'
10*11.
——1
& Smelting.—;—*
.—
1
Malartic
Preferred
14%
"
—1
Bay Mining
Erie
26,800
7%C
*
*
Feb
13%
12c 14 %c
14c
preferred
Negus Mines
New Bidlamaque
Jan
1
13c
—*
19%
20
10
''
New
7c
_
Steel
Trust
Jan
9%c
20%
Car,...,—
National
National
Jan
13%
Mines
Smith
Indian
Jan
74c
Yellowknife
Gold
Imperial
7%
85c
Consolidated Gold Mines—5
&
6% Mar
Jan
Jan
Feb
Jan
—
Oil
Huron
125
-—
Howey Gold
Hugh
6%
—1
Lake..
Highridge Mining
Hudson
Feb
—1
High wood Sarcee
Hinde & Dauch
Howard
5.00
9%c
Gold Mines
Hosco
4.00 Mar
15,200
Hedley Mascot
Hendershot Paper common.
Homer
27
1
Heath Gold
Hoihnger
4.00
15'/a c 16 %C
15 %c
-
—1
Hasaga Gold
Home
Jan
—
Mines.;—
Gold
Headway Red
Heva
3c
10 %C
1
Gold Mines
Harricana
2%c Mar
G %
-I—if.—,
Gold
Harker
2,900
—
Carpets
Harding
3c
High
Low
19%
19c
1,000
550
20
20c
20c
Petroleum
National
Jan
4.00
1
Bridge
Rock
Hard
5%c
——
Hallnor Mines
Hamilton
3%c Jan
4.00
—
-„l'v
Hailiwell Gold
2.000
2%C
...1
Swayze——
Halcrow
4c
Range Since January 1
High
Low
Par
4c
4c
of Prices
Sale Price
»
High
Low
High
Low
STOCKS—
January 1
for Week
Shares
Range
Last"1
Range Since
Shares
Sales
Week's
Friday
Sales
Last
Monday, March 8, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(1078)
Jan
6%
Jan
21
5%
Feb
Jan
Volume 167
Number 4679
THE COMMERCIAL
&
CANADIAN
RANGE
.
Week's
of Prices
Par
!.'.
Starratt
Steel
1
Olsen
Co
Gold
Canada
of
Low
1
Preferred
Stening
;.
Stuart Oil preferred____„
Sturgeon River Gold
)
Trusts
Sullivan
Surf
common-
Cons
_
3,050
63c
Jan
78c
Feb
69
260
67
Feb
78
Jan
72
72
74%
75
72
Feb
80
Jan
Tcku
River
Tamblvn
Ltd
Taylor
•
preferred
-
Gold
Toronto
Toronto
General
Toronto
Iron
Works
25%
35
25
Feb
27%-
25
49
Mar
51%
Jan
10%
3.50
41c
United
,
Fuel
Class
United
B
16,600
40C
Feb
49c
10c
59,300
9c
Mar
21c
class
850
68C
Feb
80c
United
A
500
10c
Jan
12 VaC
Jan
260
11% Mar
12%
Jan
12
173 173%
9%
10'%
>,
+
,100
■
Feb
9
Jan
510
10
Jan
Walker
Feb
12c
Jan
47C
Feb
63C
Jan
6
Mar
6
6'%
231
8
8%
1,134
48
7%
7%
Feb
80
47
&
14
60
14
Feb
1.25
500
Canada
5%
6
48%
Jan
16
2.00
2.10
6.40
6.50
1.25 Mar
375
6
6.40
Jan
5%
Feb
7%
117
20
2.70
2.70
2.80
4,881
26'c
29c
2,000
19c
Jan
40c
Feb
7c
7c
7c
2,000
7c
Feb
9c
Jan
4'%
4%
247
3%
Jan
4%
Jan
*
:
5,366
2.00 Mar
2.35
Jan
1,014
6.25 Mar
7.20
Feb
A
'
10
Feb
22%
Feb
5.00
1,110
4.60
Jan
5.30
8%
25%
'26
3,540
24%
Feb
26%
Feb
17c 19 %c
17,100
10C
Jan
19 %c
10c
10c
28
22
1,000
28
10
28
33%
33%
33%
22%
23
99%
100
;
10
Jan
Jan
*
26%
Jan
Feb
-
88
4
4
500
;
3
—
100
■0
Sugar
83
r-r
83
16'A
11%;
200
10% Mar
12%
10
19% Mar
24%
Jan
1.60
200
Feb
1.90
Jan
Mar
143%
Jan
134
•
1.50
134
5
3%
3%
6,230
39
40%
250
•
—
16%
134
3%
:
16%
.
Glass
RATES
CERTIFIED
BY
FEDERAL
Monetary
15%
Feb
19%
Jan
Feb
60c
Jan
Feb
32
Jan
*
270
■
'
55
31% Mar
22
•-*—
22
475
3.50
3.70
1,900
21
21
'
--4
3.60
'
.
.
-
Unit
<
; /
Jan
Paper
•
common.
Invest
Temiskaming
49
™
22%
3.00
Brazil, cruzeiros.
23%
Jan
4.10
Jan
Jan
20
Feb
23
Feb
48%
*
Feb
59%
Jan
23
695
20
Feb
24
24%
100
23%
Jan
28
Feb
38c
470
37c
Jan
40c
Jan
6%C
6%c
1,500
6 '%C
Feb
8c
'
I
1—1
V
1,890
38c
.
_________
Mining
50%'
48%
•
Grain———;
Southmount
r
t-'-
.
•'
23%
Jan
Jan
Statement of Condition of the 12 Federal
1
;
RE8ERVE
BANK
TO
Reserve Banks Combined
We
(In thousands of dollars)
Increase (+) or
;
^
.
;
decrease (—) since
TREASURY
UNDER
TARIFF
ACT
OF
.....
;
."'.
,
Feb. 28
March 1
h.
;"■
"Gold
.297733*
i
,251247*
certificates
3.211300
Closed
'^97733
for
F.
;
45,000
+
-
+
,
2,770,993
''
R.
J
.<
638,208
3.212133
3.212133
.022798
.022798
41,841
,054406
.054406
.054406
21,779,378
reserves
154,971
—
.(
3,159
.4,805
257,664
21,485
4,708
355
3,727
11,942
y-5,789,157
57,558
—2,679,593
+ 1
'
loans
;
—
,
M
9,270,911
^
,
Certificates
4,304,525
Notes
.022782
39,200
' 18,611
f
Bills
A
2,616,019
+
.372,685
;
advances
V, U. S. Govt, securities:
3.212133
V
ctf.
and
Industrial
v
.251247*
3.212133
,022798
"
gold
Discounts
.297733*
.251247*
.251247*
.054406
————.
$
v-.;.
jf,
.022800
______—_
21,141,170
—
fund
Dther cash
March 4
March 3 *
.297733*
!;
5,
1947
.
A
.297733 *
.251247*
—
March
1948
'
notes
March 2
*
•
Feb. 25,
3,
1948
1930
Buying Rate for Cable Transfers in New York
Value in-United States Money
i •<
.
•.T,
Free——
Australia, pound
Feb
20%
25
v
Total
Belgian, franc—
31% Mar
'
•
t
j Official-—
Jan
27
31%
•
Hayes Steel
Jan
February 27,-i»48 to march *, 1948, inclusive
„■
Feb;27
H
Jan
45
40c
31'A
Redemption
:
3%
Mar
1,975
\31'A
*
common.
Donnacona Paper
Foothills
Oil
{
Jan
*
Noon
; Argentina, peso—
Jan
1,715
29
Assets—
.
Feb
39
Jan
17
2 L'%
March
Country, and
18%
41c 44%c
Minnesota & Ontario Paper
101%
Jan
19%
28 %
International
Jan
108
1.55
3%.
,
Jan
99%
40
Feb
Feb
Jan
1-9%
Paper,
Bridge
Jan
28
82
15%
15
Feb
6%
200
—
—
10c
36
Feb
10%
IIIIIIl
29%
Feb
3%
16%
•
common
—
83
16
0
Feb
Feb
Jan
25
72
Jan
22
8
65
625
v
Jan
33%
100
26
9c
785
8'/a
83 %
26%
15
22%
record for the week just passed:
v '
Jan
76
Pursuant to the requirements of Section 522 of the Tariff Act of 1930, the Federal Reserve Bank certifies daily
i
2.90
Jan
44.
page
EXCHANGE
Jan
25%
Vickers
preferred-.1—100
Western Lumber—
—2
Westinghouse
*
Dominion
Jan
Illioo
FOREIGN
Jan
127%
82
to the Secretary of the Treasury the buying rate for cable transfers in the different countries of the world.
a
Jan
2.60
Jan
8C
25 %
:
Foreign Exchange Rates
give below
117
Jan
98
_—_*
Dominion
Consolidated
22%
17c-
_•
com
25%
Jan
Exchange-Curb Section
*
—
Dominion
f
25%
9
5c
:•
4.95
9
Preferred
jj
117
—
Feb
Mar
95
Pulp & Paper com__*
Marconi
Canadian
Canadian
■
Jan
22%
•
see
1,000
Vinegars
Canadian
j
'
1.25 Mar
,
5.00
—
class
footnotes
B
__—i.
common
&
Canadian
Reliance
For
100
6c
100
Uz
Canadian Industries
Jan
(
9
W)
Mines—'i—
(Geo)
96
5c
Dalhousie Oil
Products
Weston
25%
95
5c
•
V
Jan
10
Jan
14
—1
Grocers
22%
96
•
class
Corp
Co
Canada
9%c
1.25
•
Malartic
preferred
Preferred
4,500
47%
—
Westeel
Knitting
Brown
.
■
•
Western
25%
GirLJ
Jan
2.000
iinii
Wekusko Consol
West
20%
Feb
•
Andian National
'
Ltd
(Hiram). (G
20,940
common
J)
Asbestos
10'% Mar
6
—
Amulet
Jan
—
&
-
9% Mar
174
50c
Virginia Dare preferred—— 11-25
Waite
iAlex
British Columbia
11c
9
'
"lie
Canadian Funds
172
8%
*
'
-T
Ventures.
Feb
l
j-
,
10c
25
Upper Canada Mines
..
7c
100
Yankee
York
'
—
Steel
75,800
Gold
Feb
9
9%
10%
50
preferred-
11c
Jan
11%
•
Hill
7%c
Jan
68c
10'Ac 10 %c
_
preferred
Keno
Jan
8c
Toronto Stock
44c
9c
68c
10c
9
_
10c
Jan
47 %C
_
Jan
Feb
Feb
1
—
12c
7c
Jan
'
Gas CO
Mar
13,300
9(^
Feb
49
9%
Resources
City
Linon
;
41c
'*
Twin
Jan
3.05
10%
Transcontinental
61c
100
9
Towagmac Exploration
Jan
Ymir
High
8c
8c
Wright-Hargreaves
Jan
4,770
100
common
1.99
Loio
6,500
7c
Jan
3.15
•,
Trusts
i
,
8c
8c
Yeliowrex Mines
Feb
50 %c
Jan
10 %
*
J,
1.66
2,000
2.05
19c
3.10
—
Elevators
Feb
Mar
25
1
—
9c
8c
Range Since January 1
High
l
Mar
10 %
IIIII1
-
1.55
21c
Wood
Shares
__i
Preferred
Winora
for Week
Low
__1
—.
Larder
Winnipeg Electric
Jan
18% Mar
Feb
MineS
Wingait Gold
Jan
114
3.15
1
Mines
19c
625
55C
2.40
Winchester
49
25%
•
Gold
Tom bill
53c
10
Mines
3,500
1.76
Feb
Mar
18% Mar
2,900
50
_
__
2.00
110
45,064
1.75
'
—
.
1.75
9c 12 %c
_
common
21c
1.62
-
Thompson-Lundmark Gold Mines
Toburn
20C
9
Teck-Hughes Gold
Thurbois
75
10c
—
_
Person
20
1
Mines
Gold
Preferred
5,500
110
18%
21c
50c
:
Gold
2.12
110
—'-
i
Mines
Inlet
Svlvanite
2.07
18%
*
_
Par
Wiltsey-Coghlan
Sales
Range
of Prices
Sale Price
High
75c
——
..
Low
68
100
-
High
74c
2.07
1
Week's
Last
STOCKS—
Range Since January 1
74 c
——25
:
I
WEEK
Friday
Shares
43
LI!
FOR
68%
0
common
(1079)
for Week
Last
Sale Price
CHRONICLE
Sales
Range
Friday
STOCKS—
FINANCIAL
—
1,774,600
Bonds
"+
52,750
+
5,721,170
——
+
54,120
+ 4,967,780
1,330,300
.054406
Total U. S. Govt,
■
'
Official—
1.000000
Colombia, peso—_______
,883125
,.570100*
...
Czechoslovakia, koruna_
1.000000
.881796
...
V'
/
.208604
England, pound sterling——_
.020060
.570100*
570100*
208Gj04
4.031250
;
.208604
4.031328
V
.t
,
:■
•
,.
—2,170,670
16,240
—2,148,332
from
R.
Other
.208604
»
'•
i,.•
and
foreign
notes
of
.004671*
,004671*
.003276*
—•
.003276*
,,
.004671*
120,806
2,760,773
32,839
'r
[r
»
35,585
—
....
152,294
-
"<
7
—
+
.
52
2,062
12,955
+ 1
6,099
—
—
.
484,450
+
607
+
„,.+.
105,05?
t
' ***
assets
46,552,448
3.031250
15,470
+1,109 ,95k!
tr-fc '
.004671*
.003276*
:
95
banks—
assets
V
Liabilities—
Official———
banks
other
items
premises
Total
■Tt
'
i
37,370
+
Bank
.020060
.020060
4.0312j50
...208604
Closed
4.030312
France, franc—
' "+
21,333,578
loans
Uncollected
,570100*
,020060
F.
.892265
•
Denmark, krone—
21,071,206
securities-
Due
1,000000
,
.889687
.8846.09
,570100*
"
.020060
—.
1.000000
.1.000000
■.'Jt.
securities.
Total
Canada,dollar—
.003274*
'
.004671*
'
;
Federal Reserve notes
1'
24,034,368
7-
acct.
17,551,540
+
acct.
953,950
—
448,645
—
31,127
303,401'
—
Deposits:
India (British), rupee——
—
Netherlands, guilder-'-4
•
Newfoundland, dollar—
!' t
—
-
'
J-
*.205750
v
,
.3016)78
.2057|50
1.205760
.377397
}.
.377508
-
...
'
'
:/
.301678
.301678
;•
Mexico, peso—.
,
'.301678
205750
,003274*
.301653.'
,.205750
.377459
.3773J97
—
578,272
.377372
r
deposits
availability itemsliab., lncl. accrued divs.
Deferred
1.000000
1.000000
i.oooooo
1.000000
1.000000
.879583
—
.880625
.882291
.887083
.890000
3.225000
3.225000
3.225000
.201595
.201595
.201595
;
.039531
.039518
.039521
Portugal, escudo—
i
fepaln, pesietft__
—..201595
krona.
{i Switzerland, franc
,
]
*
* '
-
-
—
.039565
.
.
Union of South Africa, pound
_;
J,
.091324
.278271
V
.039575
.091324'.,
„
Sweden,
■J
Closed
3.224166
—
Norway, krone
.278264
.233628
4.007500
..
:
.091324
.091324
.278264
.233628
4.007500
y
.091324
.278264
.278264
.233628
V 4.0075,00
j > •
; i
.233628
4.007500
.233628
V s
5 Controlled-,
3,710
;
.
\
;
.658300*
.561800*,
tU
.658300*
.561800*
;
V''3 .658300*
.561W)0*
-M
'
'•
•I.
Total
liabilities
19,532,407
2,243,355
14,817
45,824,947
+
+
176,026
.'182,743
■,
264,C
,001
—163,019
—
—
830
18,950
+ 1,087,493
+
Other
197,517
+
133
448,189
—
capital accounts
+
+
l,076,78jff
'r
'\
+
27,543
54,252
/289,127
+'3,564
■■■'
Capital Accounts—
Capital paid in—.,,
Surplus (Section 7)_
Surplus (Section 13b)
Total liabilities & cap. accts.
Ratio
■■
453,237
—
—r
+
;+'•
3~347
+
15,470
46,552,448
,
.,
6,700
8,36,6
88
18,009
h
+1,109,951
of
f
gold certificate re¬
serves, to deposit and F. R.
Nonco nt rolle d_——
1,621,996
+
4.007500
?.
Uruguay, peso—
X
—702,025
+ 129,511
—
3.225000
.201595
Other
'
Iffew Zealand, pound—____
i
752,250
_L
Total
:
t
Official—__——1__I—
bank—reserve
U. S. Treasurer—gen.
Foreign
Other
'
:
Member
,658300* I
.658300*
.561800*
,561800*
note
liabilities
Contingent
purchased
combined—
liability on
for foreign
...1
50.0%
—
0.2%..;'
'+
5.2%
bills
cor¬
4,936
—
51
4,59,3
42
191
respondents
♦Nominal rate.
Commitments
trial loans
to
make
-
indus¬
7,952
+'
f
COMMERCIAL
THE
(1080)
44
&
CHRONICLE
FINANCIAL
OVER-THE-COUNTER SECURITIES
Quotatl&ng
for
March g
Friday,
Obligations Of Government Agencies
Investing Companies
Bid
5.14
1
Affiliated Fund Inc
IV*
Amerex Holding Corp
10
American Business Shares
1
Associated Standard Oilstocka
Shares series A
2
Axe-Houghton Fund Inc
1
Axe-Houghton Fund B—
fl
Aeronautical Securities
Bid
Loomis Sayles Mutual Fund
*
Loomis Sayles Second Fund—10
Managed FundsAutomobile shares
Business Equipment sharesDrug shares
89.90
91.73
Electrical Equipment shares—
General Industries shares—
5.64
3.96
3.61
25.27
,
—
3.92
3.58
6.95
14.28
3.91
1
—1
•
5
Beneficial Corp.Blair
Inv Tr
Corp
Holdings
Bond
of America
Boston Fund
Inc_
3
Bowling Green Fund Inc
lOo
Street Invest Co Inc—fl
Non-Ferrous
7.89
1
1
1
—25o
Commonwealth Invest
Fund
Delaware
Shares.!
Dividend
Balanced
1
22.96
14.32
15.31
Fidelity Fund Inc—
•
Financial Industrial Fund Inc lo
22.19
1.74
24 %
23.99
1.90
10
First Mutual Trust Fund
5
Fundamental Investors Inc
2
Fundamental Trust; shares A—2
First
Corp
Boston
^
5.37
•»
39.95
10
13.01
1
4.90
13.79
—————
'
6.52
8.47
9.16
1
1
shares
6.99
7.50
l '/sn
4.29
4.69
3.43
*7/8s July
5.01
July
i,
.0338
t7%s
July
1.
7.48
5.76
9.22
9.99
4.81
7.01
5.23
7.60
Equipment
,
shares
Food
y-
Administered
Fully
shares—.
3.44
of
Indebtedness—
1,
Series
1948
9.06
6.32
1.15%
8-
1-47
5-
11.17
1.15%
9n
2-47
6-
1.15%
10-
1-47
7-
11.03
6.25
7.21
9.62
5.79
6.29
6.76
7.33
Public Utility
Railroad
4.98
5.41
Railroad
shares
RR
7.30
shares
Equipment shares
3.98
5.01
4.24
4.40
4.27
4.78
4.61
1.54
shares—
Tobacco
shades
Utility
Howe
Inc—1
Plan Fund
7
Foundation Fund
Income
Incorporated
10c
1.58
'
,
Aviation
Securities Ltd—
shares
Bank Group
shares
Insurance Group shares
Stock
j.
,
and
Bond
9.61
81c
1.01
73c
Group shares
10
12.26
Fund toc-l
26.06
5.78
5.15
B-2
B-3
(Low,Priced
B-4
27.20
28.41
23.29
25.41
16.00
17.46
Bonds—1 '
K-l
.
(Speculative Bonds)-,—1
(Income pfd Stocks)
1
16.03
(Appreciation pfd Stks)_l
19.25
21.00
Stks)_l
23.92
S-l
(Quality
S-2
(Income
S-3
common
26.09
-
..
10.66
Fund
Aetna Casual & Surety
-10
*80%
-10
44
...10
44
_23
57
Aetna
Life—
——
Agricultural
_
b0.99
0.94%
1948—
bl.00
0.95%
bl.00
0.96%
27.10
April
15,' 1948-
b0.98
0.92%
May 27,
1948_.
1948—
bl.00
0.96%
1948—.
bl.00
0.96%,
70c
44
71c
80c
New York
20.87
19.13
~7.47'
6.83
1
.
20.76
9.05
;
Brooklyn Trust..:
7.66
10
107
87
2.52
Bid
25%
Prior
45%
5
preferred
& Mfrs Fire N
20%;
5
27 %
47
'
National
;
5
Y
National Fire
%.;•
21% »
27%
4
5%
55
57%
30
33
6
*
-
(Detroit)—10
National
25%
42 V2
45
Airisterdam
25%
27%
Hampshire Fire
20%
16%
13'%
23% '
Northeastern
6
12.50
Northern
7. -f -.4!
'
73%
70
51%
53%
Pacific
i—
Fire
Employers Reinsurance
70
Providence-Washington
Federal
10
48
Fidelity & Deposit of Md
20
Fire Assn of Phila
—10
145
150
.25
•"
100
—
67
■
Pacific
Indemnity
10
Reinsurance Corp
49%
Republic
94
97
Revere
( N Y)
(Paul)
Fire
13%
5
19%
20%
St Paul Fire & Marine
General Reinsurance Corp.
10
22%
24%
Seaboard
Gibraltar Fire & Marine-
10
.5
Globe
2nd
Great
Ac Rutgers Fire
com
preferred
American
Hartford
Fire
•
5%
33
27%
19%-
8%
12%
29%
'
Standard Accident
10
17
79
30
U S
Surety.
New
Haven
Travelers
28%
27%
10
102%
Y
Ohio
104 »/2
3¥as_ —1977
Power &.Lt
Power
&
3s__. -1978
Light
47
r
..
National
New
Jity Bank
York
Trust————l
Nat'l
Bank
Guarantee
United
States
—25
Trust
&
\
86'/a
•
4034
68
72."
87/a
.
97/s
535
100
"
-
40 V*
38%"-
12
Trust-
243
83»/2
>
_25
—
'
49 y2
:
-L38'A
& Trust_17'/2-
National-
Sterling
Title
—
.;4^ \ 50
47V*
237
10o
12'/2
565
Ask
Stocks—
96 'A
Ask
Bid
Par
^.
96
■
/
Birmingham Elec $4.20' pfdl_100
Florida Pow & Lt 4'/2% pfd_100
105'/4
-
"
95
96
;
Plywood
91
__1
i—
—
91%
89%
92%
9¥8
9%
'107%'
106
Ind'polis Pow & Lt 5% pfd
100
Kentucky Utilities 4%'» pfd_100 xlOl
Monongahela Pow 4.80% pfd 100
100
102%
101'
102%
102 ¥4
102 V4
Utilities 3s_^—. -1977
Telepnone 3'/8s_-— -1978
104
3'/8s_. -1978
101
Public Service
f
4%
Chemical
Monsanto
New
97'/2
96 V2
104%.
,
?
y4
99
99 Va
99%
Philadelphia El Pow 27/8s
1978
Edison
1978
101
Potomac
Electric
1983
Cal
3^s__1973
104
3s~l—
Edison
Co. 27/aS-v-u—1977
.
.
pfd—I"
Gas
3.70%
106
107
92
96
U-
■.)
v
American Cladmetals
Par
preferred
.1
;„r^.
Appalachian Elefctric
Power— •
4ya% preferred -L_——100
Armstrong Cork 4% pfd__"__
0
Pitney Bowes 4'/4%
pfd
.
50
(Indiana)—
/
99
v
'Ask
Southn Cal Edison 4.88%
Tennessee
,
%1,/4,v
4
-
80
85%
105"%
54
"tt
West
'
Eastern
Tucker
Corp
pfd 25
Co_
Gas
Transmsn
% % ' preferred—.
Texas
105%
104%.'
'■
•
104
51
''
t
!
>
'* 83 ,l>
.•*;
104 ¥4
'/it
Bid '
k—
82%
100
3.50% -preferred.^----—----MOO
iflVk-k
■'
<
100
Philadelphia Elec 4.30% pfd_100
Speer' Carbon
Stocks—
Elec
Electric—
Public Service
-
&
preferred
Pennsylvania
102
3'/8s^_;
England
4'/2%
101 ¥4'
98% {
Potomac
—100
Transmission—•
"A"__
Disinfecting
27'%' - '28
/;liy2^' 12Va
Co.—
1
common—50c
94 Mr V 96
9% 1
4 Y*
9%
•
(
'•"
' 12
r
4 '/2
14
f '•
I,' :
,
'
J.. 1-5
48
24%
42%
26%
2 8 3A
a
26%
40%
29
106%
33
U
S
U S
100
Fidelity & Guaranty Co—2
46
515
500
4
Fire
Guarantee
Westchester
Fire—
¥4
47
10
X66%
2.50
31%
Odd
lot sale
included
in
change.
r
21
31
Morgan (J P) & Co Inc
Public
■,
136 '/2
1
25
174
71-'
45%-
74
5
"
1,480
-
5%
,4%.(
10
10
10
15
Hartford Steamboller Inspect.10
i
31
Sprgfld Fire &'Marine—
Security
44
15
lo
Hanover
272
.-is
.
13%
16%
7%
2
10
10
84'%
4%-\
_10
(Texas).
& Lt 3y8s— -1977
Kentucky
51%'
81%
5
5
42
48%-
.101
Co.
.
Thoenix
46%
,
Pow
■%
52
Globe & Republic
10
Lawyers Trusty———
Harbor
Toledo Edison
67
94%
Southern
12
21% '
River
Preferred Accident
5
53 \'r
70
102 '/4 f
Pacific Pwr & Lieht 3%S—1977
45
New York Fire
70
e
Falls Fire
:
'
19%
42
Casualty.
29%
Glens
24'A
Bid.
;
N
Brunswick
New
28
Fire——
*•
1,285
Cudahy Packing 2¥8s_—.. -1D67
•
35
27%
Franklin
x34 Vz
Firestone Tire «fc Rub ,2¥8s_ .1972
6%
New
-
19
Newark.
"155
263
100
MQ0 1,440
Trust
Manufacturers Trust Co—"—20
45
"95 y*
Iowa
?
33
•
10
of
County
Aek
185
42¥s
j
l3/j;;« 16
1-
;
2
Liberty—
26
Firemen's
Trust—i—;
140
100
.
27%
lo
Casualty
National Union Fire
6%
67
10
40¥b
Bonds—
Delaware
29%'
.
North
Fireman's Fd of San Fran
36'/«
•
100 1,225
Dayton Power- & Light 3s. -1978
28%
•
New
Employees Group
347/8 V
•
Arkansas Pow & Lt 27/«a_ -1077
Georgia
20%
10
Bank.
27
'
4
1
10
preferred
Convertible
30
10
National
10
100
Recent Security Issues
13%
18%
—10
Trust-—10
&
Ask
36%
28
Life
;
10
Fiduciary Trust——
12%,
lo
Casualty
Bank
,
Irving Trus*v—
Kings
Bid
Far
'*
'
,
Federation
■/'
National
Guaranty
-
90
*
;
*"?•/
20
43 ,
Continental Bank & Trust
^^lo ; ) 23 V4
'
Corn Exchange Bank & Trust_20 51'/a V
Empire Trust———
50 ; - 66 ; ¥;
33%
10
CG&t&ental
-
Trupt Co——;
20 ;
American
Crum de Forster Inc
i
.-j
Trust
.
Fulton
60
American Re-Insurance
Connecticut
40
114
.
%«..
Grace
Commercial National Bans: &
5
Merch
—10
25»/a
367 V
;
38
—100
-
Chase National Bank——*_15
18
York—
General
352
Central Hanover Bank & Trust 20
Jersey Insurance of N Y
46%
15
10
Ask
23%
100
98% '
11%
25
Co—10
Bankers Trust——
15.86
Par
39%
r
City Banks & Trust Cos.
Bid
Companies
12%
City of New
Manhattan
17.79-
I
16%
Fire-
the
Par
-
Bank of New Yorkh——
3.13
11%
Camden
of
V
6.99
1
16%
Shippers
V"
14.75
*
9
Boston
>
.
Eank
Amer Trust Shares—
Series 1956
21%
71
3,
6.50
63c
94%.,
37
.2%
20,
.iJ'/--
10.97
10
20
25
10
0.91%
0.93%
1948—
Chemical Bank & Trust-j^
Series 1955
2%
&
b0.97
0.93%
b0.99
„
6,
7.25
Casualty.fl
Bankers
1948—
b0.99
1948.
1948
29,
13.
2.52
Equitable.
Baltimore American
April
May
2.21
American Fidelity &
American of Newark
Automobile
April 22
0.90%
May
46%
10%
American Surety
0.90%
b0.96
25.
Ask
Bid
b0 96
May
Insur Co of North America
4
Reserve
Bills
0.91%
Home
"
»
V
-
0.91%
6.29
Massachusetts Bonding
Merchant Fire Assur
American
'
b0.97
83%
10
American Automobile
American Casualty.
'
.
b0.98
Shares—
2.50
Maryland Casualty common
American Alliance
..
■
1948
_
Trustee
Ask
¥4
*
1948—
First
Aetna. Insurance
-
1.
41
1
North
Bid
1.50%
1948.
18,
1
Trust
Independence Trust Shares
Far
1.45%
bl.65
AsF
1
;
Inc
12.32
Insurance
1.40%
hi. 60
1-48
8.
18.99
Series E
5.31
bl.50
1-48
12-
April
17.50
14.01
4.84
1-48
11-
1-48
April
5.94
1
4.03
1
10-
2-48
3-
11, 1948-
March
March
10.14
11.29
Fund
2-48
2-
2.79
—2%
12.84
Knickerbocker
1-
1.55%
Bid
Un,t TyP® Trusts—
4.40*
1.35%
47.02
Stocks)__l
com
1.20%
1.25%
15.31
*
Priced com Stk)__1
(Low
bl.35
bl.40
.June
(Appreciation com Stks)_l
8-4
1.35%
5.90
Investment
Diversified
bl.50
25.20
1
world Investment Trust
9.48
8.68
1.30%
1-48
2.54
P°r3?m4
17.49
K-2
bl.45
9-
14.24
"7—r-zr—J""
„
v/nrld
2-48
47
,
20
5
1
1
? Shares-—25c
ser es B
0
WhiteHaH
8-
1
-
16.30
1
Bds)„l
(Medium^ Grade
1-48
12-
8.27
8.88
K^stone Custodian Funds—.
B-l
(insesunent
Bonds)
11-
1.25%
7.12
9.73
"J F
12.81
12.52
1.20%
1.15%
United States Treasury
5.64
6.50
7.55
^"ion. Bo"d Fund series A
,
1.10%
bl.30
_
? Street Investment Corp
®
,T
Ask
Bid
bl.25
1-48
4-
1-47
11.27
5.27
Petroleum & Trading
Putnam (Geo) Fund
Republic Invest Fund
Russell Berg Fund Inc
Scudder, Stevens & Clark
Fund Inc
«;
i
13.43
23.98
Due-
1-48
1.55%
7-.
16.01
10.28
^.a"da^ Utilities—10c
■
91c
—
Investment Co of America
»w>> Mwcrawnt
/
•
8.76
Group
.0337
8.18
14.61
0
20.18
21.82
Selected Amer Shares
'Sovereign Investors
Investors
Institutional
■
Bid
Due
Dated
1.10%
March
4.66
3.90
-
.0391
100.0143
9.40
7.46
—
_
Rate
4.33
4.29
shares
shares
Steel
.
—,
Steel
Tobacco
2.61
4.61
stock
Railroad
•
7.92
2.39
—
100.0212
10.89
8.58
Pacific Coast Invest Fund
Bond
1949
10.54
9.94
'
Machine^
•
« °o
Petroleum
.0346
7.90
6 %
Railroad
.9923
12.09
Investing
shares
.9919
99.9754
1,1949—-
Dated
Rate
Ask
11.08
9.77
shares
1.
Mar.
1-48
10.11
Diversified prefeired stock
Diversified Industry
' "Electrical equipment
^Insurance stock
9.31
Mining
Feb.
tl'/aS
1-48
10.97
Institutional bond shares
Merchandise
tlVns
.9778
99.9749
100.0184
1949
8.45
10.01
Metals
Ohs
..
.9928
99.9652
10.53
-
Merchandising
shares
tl%s Jan.
Federal Intermediate Credit Bank Debentures
9.93
8.91
7.43
Price
1,
.0110
F
10.40
8.06
Low
tls Oct. 1, 1948 Seris J
: -tls Oct 1, 1948 Series K
Ask
Bid
100.0044
99.9811
1948
1,
Apr.
10.19
6.85
-
.9783
3.76
7.71
7.43
shares
.9780
99.9657
14.93
5.77
—
Industrial Machinery shares—
General bond
Ask
99.9654
3.74
3.42
13.92
Corporate bond series
...
Diversified Investment Fund-
8.11
Electrical
Bid
lrd-t)redne««—
1948 Series G—
1948 Series H
6.21
Certificates
Building supply
Chemical
5.93
Building shares
Chemical shares
100.0175
5.48
5.68
t7/ks
t7/»s June 1, 1948
3.14
.9916
7.20
6.86
Series
of
.2530
1%%
6.40
.
Aviation
6.13
5.46
121%
Maturity—
Certificates
1%% 100.2374
1%
99.9747
15, 1948
1, 1948
tJan. 1, 1949
tOct.
6.59
Bond Series
Stock Series
Ask
Bid
Int. Rate
JSept.
Automobile
7.08
5.65
Aviation shares..—
Automobile
120
1961
Price
Dollar
Maturity--
Bank stock
Securities—
Agricultural shares
Group
100.8
_
5.25
Corp
General Investors Trust
100.4
—
Issuea
14.22
12.85
New York Stocks Inc—
Agriculture
—
42.96
Capital
General
4.95
12.51
1949
U, S. Certificates of Indebtedness
7.89
11.30
Selected Group Series.—__—
Low Priced Com Stock Series
New England Fund
1
2b y4 /
5.50
13.71
6,21
20,
25.55
Stock Series
----Industrial Stock Series
24.55
1
100
4.29
7.20
Speculative Series
Fund
100.2
99.28
Canal 3s
Panama
Ask
99.30
1948
Other
100.20
Rtd
1948™,
15.
4.44
10.45
series
Income
15.
3.80
23.63
shares
Preferred
fipDt.
l%s Jan.
98.8
97.28
100.4
Apr.
"/,«
4.73
1
10c
1
Priced
Low
1%S
4.54
4.03
National Investors Corp
National Security Series—
Bond
1
\
Banks—
Home Loan
Federal
Ask
100
97.8
99.20
96.28
4.31
3.87
"
Balanced
1950-1948
1952-1950
1,
May 1,
4.40
3.44
Securities—
Nation-Wide
Eaton f-z Howard—
Stock Fund..
1955-1953
4.29
Mutual Invest Fund Inc
5.88
15.06
1.48
1.35
1953-1951—1
1,
4.12
Metals
Mass Investors Trust
Mass Investors 2d Fund
145
5.41
13.93
1,
2%s Feb.
3.99
Common
1
3.60
4.75
•
28.18
30.30
Chemical Fund
1
12.50
13.53
Christiana Securities com—100 2,690
2,790
140
1%S Jan.
3.62
Bid
■
Oct.
1 %s
Manhattan Bond Fund Inc—
7.90
16.31
17.50
Ltd
Century Shares Trust
100
3.92
3.28
shares
Steel
3.74
3.55
shares
Petroleum
Canadian Inv~Fund
Preferred
3.39
Paper shares
15.09
15.97
Broad
Bullock Fund Ltd
5%
3%
96.35
19.62
4%
92.50
18.15
Bonds—
Bank
43.78
1 %S
shares
Home Furnishings
Land
Federal
42.90
,
.
8%
7.51
15.52
8
Figures after decimal point represent one or more 32nds of a point
Ask
Far
Ask
Par
Funds—
Mutual
w
d. When
(not Includea in year's range),
year's
Cash
range)
sales
delivered,
,
e
Ex-interest,
(not included
w
i When
f Flat
b Bid
price,
in year's range),
Issued,
x
Ex-dividend,
yield price,
d Deferred delivery sales
k Admitted to listing on
t Ex-stock
y
Ex-rights,
dividend.
z
N.
Y.
(Un) Unlisted
Ex-stock
(not
Stock Ex¬
Issue,
dividend.
48 ¥4
50
69%
33
;
*No
par
dividend,"-;
-7M1'
value.
.,
■>''
1
\
tin default-: $These
! "
bonds
subject to all Federal- taxes.
are
,
''
;c
,Ex-liquidating
Volume 167
Number 4679
THE COMMERCIAL
&'FINANCIAL CHRONICLE
(1081)
THE COURSE OF BANK
CLEARINGS
«
Bank
.
Preliminary figures compiled
by
show
an
based
us,
increase,£ompared
telegraphic advices from
upon
above
total stands
at
those
of
the
$14,447,873,591
At this center there is
corresponding week last
against
$13,222,448,084 for
the
parative summary for the week
follows:
■
-,
.
week
same,
Week Ended March 6
1948
New York:.__„„_
Chicago
1947
$7,373,906,448
j
'
$5,961,713,384
545,353,026
715,000,000
+33.8
.iV 453,961,929
349,838,210
+29.8
267,699,428
236,168,333
+13.4
231,800,000
+24.4
327,523,000
+
Kansas City-..
St. Louis:
J—ii—Irjs'iiiii"
i.
_____
San Francisco
'.-<xr-y~T
Pittsburgh
311,478,934
208,925,341
213,040,311
,155,064,437
$8,942,426,042
2,578,812,505
2,122,355,980
—
,
_
Ten cities, five
Total all
_
,—-—
days__i___^
days_:_:„_Jr—;
Fifth
West
$11,064,782,022
+ 23.8
753,859.998
week
2,157,666,062
—65.1
$14,447,873,591 $13,222,448,084
———
Accordingly, in
the above, the last day of the week
in all
In the elaborate detailed
+9.3
For that week there
pears that in the New York District
27.1%, in the
we
results for the
week
previous—the week
was
it ap¬
(including this city) the
Boston Reserve District of
In the following
:
'
-
'/
'
•
furnish
we
a
and
in
totals register
the
a
decline
Philadelphia Reserve?
2d
Reserve Districts
New
;
:
—12
York———
cities
4t;
:12
„
Cleveland
Chicago^——„:l._ —17
St.
Lo^is
4
,
Minneapolis--
7
—
10th
Kansas
Uth
Dallas——?
Outside
)
We
City
—
10
6
—
Francisco—
10
.112
.
New
York
City
add
now
—16.5
4,6 9 MOO
957,665,224
-16.4
816,055,274
717,102,454
week ended Feb.
—16,4
;
$!:
816,055,274
957,665,224
Cv
?+
723,689,940
f
452,454,486
6,844,445,300
.
717,102,454
831,664,994? —13.0
633,564,428
677,633,850
396,159.855
343,111,277
308,501,011
"
—22.5
613,071,582
8.6
—
497,316,505
881,878,407
—11.8
792,478,516
—11.8
4,833,866
4,827,953
—13.3
136,260,329
224,150,283
234,124,627
25,023,200
3,454,573
+ 12.7
22,456.500
18,697,506
+
7.7
2,381,773
5,094,431
4,706,568
+
8.2
3,522,387
255,484,870
3,980,485
302,206,200
+
15.5
239,959,290
282,012,062
—723,689,940
831,664,994
—13.0
6.33,564,428
677,633,850
358,887,538
335,003,506
—14.4
266,236,002
390,558,790
452,003,835
—13.6
382,057,017
241,169,324
:
259,749,116
#4
44.
7.2
—
cities
2,351,017
9.0
8,127,000
6,949,000
123,640*063
—17.2
93,714,407
79,378.887
2.766,495
137,340,286
3,352,262
207,192,121
—19.2
2,539,460
—33.7
177,889,737
52,183,181
173,009,074
49,099,392
6.3
58,534,118
45,117,010
306,821,129
396,159,855
—22.5
Federal Reserve
343,111,277
308,501,011
5.8
13,112,685
49,523,316
177,900,000
164,300,0<\
14,184,720
Nashville-——
Georgia—Atlanta
Macon
"
2,857,442
2,762,323
v
—
Seventh
Reserve
660,347,939
714,845,619
12,114,218,381
5,917,873.695
„„
—
City,^——
J
Illinois—Bloomington.^—.
7.0
1,064,304
497,043
9,924,193
6.4
7,500,834
29.2
4,945,382
6,281,129
3,882,928
5,531,247
47,947,000
5,086,329
+
13,727.734
71,851,425
4,104,291
+
988,719
1947
'
,——
203,336,140
313,073,429
Inc.
383,241,566 ;V '
+
777,147+*
-■
:
1,432,182
,?
Connecticut—Hartford
New Haven,
^
Missouri—St. Louis
5,555,480,587
4,994,579,352
10,594,189
'
vl,O95,30D
456,976,120 ?
Total (4 cities.)
York—Albany..
Binghamton
1845
;
$
Federal
Reserve
Minnesota—Duluth
2.0
1,360,971
3,579,192
3,877,768
421,281,152
391,597,595
—
1,431,929
Syracuse...
1,609,447
6,196,344,686
15,000,127
_
576,424
1.7
■—12,5
»
?
3.12,948
1,301.154
New
Jersey—Montclair
6,557.877
4,723,829
4,197.514
3,592,800
—26.9
20,530,629
17,511,605
9,170,175
7,666,042
+
.
1,353,396
?
0.6
" —19.1
547,513,524
•
—16.5
u*r.
22,973.700
19,111,000
877,842
>
/493,838,559
42,869,633
—24.6
•27,304,848
2,874,158
..
-17.0
831,114
452,454,486
—21.9
-64,211.056
86,107,486
*
7.'.
2,342,098.;
.
^
i.'
■
—24.2
1,253,211
"
1,998,769
64,305,856
+
1,369,924
1,219,748
1,577,365
8,550,279,993
—27.5
7,008,384,719
6,615,479.849
'17,970,907
' —16.5
16,012,425
.
w
8,578,427
716,211
550,823,447,
2,024,318
7,109,052
3,399,285
2,869,279
2,261,031
999,787,501
-11.8
792,478,516
692,742,779
-11.3
205,000,000
187,400,000
7.8
89,789,317
80,472,043
-21.3
45,511,014
9.8
62,812,492
1,285,729
—12.6
358,887,538
314,902,160
—10.9
3,939,640
—16.3
192,559.231
55,986,062
4,200,161
138,282,139
-
96,107,128
4,179,933
—
193,952,565
-
4,692,040
231,609,421
72,421,462
79,878,745
4,542,230
Total (7 cities)—
5,671,619
3,098,097
2,604,159
2,982,349
6,104,935
Tenth Federal
Reserve District—Kansas
—
9.3
—19.9
—15.9
2,771,698
1,518,503
+
7.6
4,304,708
2,008,426
49,764,713
3,215,455
1,542,921
7,281,886
—16.2
2,356,468
3,021,407
4,654,751
335,003,506
—14.4
260,236,002
203,336,140
•
286,787,633
—
1,676,000
City624,691
411,579
+ 51.8
446.495
Li—_1
454,164
7,019,911
121,398,631
1.7
342,097
517,704
—26.1
6,079,268
—17.6
100,858,282
4,375,048
10,193,070
250,960,359
5,187,224
L
♦100,000,000
5,118,868
i—*.!.—*
259,154,999
8,416,038
—
1,704,459
Pueblo
—
5,927,934
10,081,747
293,560.599
10,122,926
8,551,287*
Missouri—Kansas City—-——.—,
St. Joseph,.
:
Colorado—Colorado Springs.^,—
■
•
—13.6
—15.2
—11.7
—16.9
1,613,568
1,354,729
1,412,776
390,558,790
Total (10 cities)——
452,003,835
6,820,573
333,777
307,317
4,490,109
79,623,915
3,273,781
7,423,521
209,373,463
6,536,540
756,065*
+
.
5.6
542,713
—
4.1
1,361,903
954,910
—13.6
382,057,017
313,073,429
2.2
5,093,429
132,566,000
15,770,176
2,384,229
113,977,OOQ
Eleventh Federal Reserve
District—Dallas—
Texas—Austin,—————„.
'
5,920,286
Dallas..—.
Fort
200,422.000
Worth..—,i—.——
19,638,885
Galveston—
Wichita Falls
6,033,153
215,503,000
21,016,584
4,889,000
*
*7.0
*
9.2
*4.6
3,455,000
3.0
2,942,316
3,034^379'
-
7,579,837
8,653,000
-12.4
1,932,431
7,409,526
241,169,324
Louisiana—Shreveport—.
Total (6 cities)
v
4.666,000
.259,749,116
7.2
166,292,562
!
——
12*365,941
2,600,000
1.200,175
5,788,047
138,435,385
382,944
14,332,336
6.9
8,495,284
6,338,644
2.3
7,288,378
+ 52.6
627,228
+
105,751,278
—10.3
3.299,519
4.171,388
—20.9
3,371,898
2,829,711
100,831,152
+ 18.9
86,757,638
-77,879,817
47,980,874
26,649,490
337,222,000
6,301,778
———
...
Utah—Salt Lake City;
396,329
32,257,121
+
9.2
37,283,272
33,247.141
47,397,664
+
0.8
44,707,306
41,474,963
—27.1
7,219,273,616 •*' 6,844,445,300
90,188,118
85,442,920
....
Stockton
Cites).————
♦Estimated.
—12.1
345,916,817
10.693,251
—12.1
10,317,838
2,885,895
3,358,124
—14.1
2,958,763
6,863,355
San
Grand Total (112 cities)
Outside New York
—16.2
417,810,532
2,236,407
6,485,127
+
5.8
5,914,039
5,072,586
—
;
Pasadena—
San Francisco
Jose.—.
Santa Barbara..
9,894,882
7,889,011
—14.1
6,614,869
367,380,000
32,059,482
10,102,216
7,167,203
9,396.249
California—Long Beach
Total (10
94,903,618
119,851,096
.t__40,657,319
Yakima——
Oregon—Portland—
6,767,171
—
47,797,294
6,420,255,503'. ;8,805,178,648
Federal Reserve District—San
Francisce—
Washington—Seattle————
—
35,219,067
Total (12 cities)
2,707,190
2,518,806
441,044,130
Helena—
57,156,953
—31.3
9,652,410
584,494
.
..*1,709,658
11,334,576
(
Northern New
Jersey
614,039,583
0.2
1,874,882
Dakota—Fargo—
Twelfth
2,484,141
9,878,929
...
Newark
1,079,209
-
1,165,275
—18.7
10,555,470
Connecticut—Stamford
6.1
-
+
1,116,303
—24.8
&
>
1,296,559
New York
7.1
1
67,267,644
Rochester...
*10.0
District—Minneapolis-
—,
0.3
24,405,500? —19.5
2,386,953
Jamestown.
-23.2
109,462,120
Paul—————————
Kansas—Topeka
946.807
—11.0
—
9,801.668
Buffalo
Elmira__
8,536,876
-18.7
385,460,574
Minneapolis——
St.
Omaha
*
•''
"
32,314,833
...
2,501,737
17,109,291
11,581,637
4,565,688
1,690,383
—
Lincoln
1946
.
Second Federal
Reserve District—New York-
New
3,600,646
22,995,243
3,413,523
Hastings..
V
or
26,201,536
;19,649,400
Total (12 cities).
10,513,159
6.7
-
233,600,000
Illinois—Quincy_—______________
11,610,059,201
7,284,712
9,862^701
New.Hampshire—Manchester.——
-
-21.2
-
2,588,005
100,915,294
75,654,897
Tennessee—Memphis
12,563,865,306
5,538,383
:
19,185,857 V-'.-
Island—Providence———
38,908,679
-22.3
1,287,160
769,605,829
207,200,000
Kentucky—Louisville—
South Dakota—Aberdeen
—16.2
1,539,633
1,636,508
4,163,4 79.'
,
+
790,960
:
5,923,81ft
•
,
12,177,169
46,322,273
881,878,407
Wichita
1,545,886
463,386,804
'
1,535,415 '*
y-'^'-
3,623,823
2.8
28.4
2,773,522
„
559,538,638
Dec. '/o
3,868,538
-
Worcester^.
3,407,776
31,677,000
4,180,143
4,574,368
_„_T.
594,754,012
'
•
•'
3,531,868
,
Rhode
'*
.—._1^_ -^ v, 1,577,326?:./:
Springfield
3,813,385
41,369,000
3.0
15,359,853
9,943,976
—
1.0
16.2
27,096,600
2,403,620
—
+
Eighth Federal Reserve District—St. Louis-
Ninth
;
showing the figures for each city for the
1948
First Federal Reserve District—Boh ton-
Bedford,-,
'
5,849,518
687,880,860
Chicago
Decatur__^._^,»«____„____—
North
-13.0
$
—
387,893,569
-
i
(FallRlver_
497,316,505
1,356,317
:
-
,
Montana—Billings——
-21.1
,6,803,409,541
detailed statement
'
Massachusetts—B06ton
233,094
48,737,680
8.6
—
■
4,933,948
14,117,839
51,460,813
3,233,582
25,279,779
11,939,109
Wisconsin—Milwaukee—,..,—
138,435,385
7.6
—
15,353,689,534
28, for four years:; '
;—
375,251
107,709,969
-
613,071,582
41,875,000
—
—
5,115,919
1.3
-14.8
5,585,252
Indianapolis
Sioux
1,784,947
54,630,771
5,179,533
4.142,684
South Bend
Des Moines
65,704,749
1,451,858
9,293,478
.
Iowa—Cedar Rapids
53,968,284
District—Chicago—
hicago—
Michigan—Ann Arbor——
Grand Rapids_,_——.
Lansing
;
Indiana—Fort Wayne___
Terre Haute
2,673,03*
2,221,755
72,229,852
-19.8
373,221
560,101,054
3,423,009
4.7
-21.7
124,302,713
—
14,993,565
41,392,054
-22.7
7,612,691
368,312
1.5
-
93,815,538
6,104,301
Orleans—106,019,652
Federal
1,507,568
-13.0
3,173,614
83,950*238
,
73,501,191
—
Mississippi—Vicksburg—
Total (10 cities)
2,079,520
6.0
-
-
3,698,093
Florida—Jacksonville—80,002,071
—
-
57,321,801
223,700,000
Alabama—Birmingham——
Louisiana—New
+
15,063,673
53,901,042
220,400,000
.
Mobile
—
District—Atlanta—
Augusta-———:—
■
+ 10.0
10,525,000
2,708,340
;
166,292,562
14
;
2,585,230
9,577,000
102,427,092
cities)
314.902,160
'
Clearings
New
2,279,224
District—Richmond—
Nebraska—Fremont
'*.
131,711,999
692,742,779
—12.6
V", 385,460,574
■
•v
Portland
2,095,324
—12.9
387,893.569
999,789,501
441,044,130
286,787,633
^
,'-.*
«#
Week Ended Feb. 28
Maine—Bangor
2,561,685
1945
493,838,559
7,219,273,616
800,171,968
14
fi
.
our
$.
:*■'
a
.
(
5,913,007
5,336,900
Columbia—Washington
Rockford
1946
—27.1
560,101,054
+*
or
Dec. % -
306,821,123 '
;
10
8th
VTotal
+ 42.7.
+ 32.5
7,214,752
180,819,063
Total (17 cities)
Inc.
547,513,524
6
7th
San
5,475,520
308,240*638
.
Springfield—_
,
8,805,178,648
v
Atlanta
..
CLEARINGS
1947
y
J
6th
'
456,976,120
:::
Richmond--,—-:
12th
%
/
6,420,255,503
"
——
5th
9th
BANK
■
.
1 ?
+
Philadelphia—
4th
OF
1948
\
3d
;
.•
SUMMARY
Boston.
—15.0
4,249,281
6,010,517
28,196.500
—
16.5%
summary by Federal Reserve Districts:
•
Week Ended Feb. 28
1st
2,000,880
6,361,815
...
Peoria—
\
Federal
3,336,239
2,404,107
Tennessee—Knoxville——C—;
present further below
District of 16.4%.
In the Cleveland Reserve
District the totals record a loss of
13.0%*
in the Richmond Reserve
District of 22.5% and in the
Atlanta Reserve District of
8.6%.
In the Chicago Reserve District the
totals are smaller
by 11.8%, in the St.
Louis Reserve District
by 12.6% and in-the Minneapolis Reserve
District by 14.4%.
In the Kansas
City Reserve District the decrease is
13.6%, in the Dallas Reserved
District 7.2% and in the San
Francisco Reserve District 7.6%.
\
4,245,734
—22.0
157,452,939
267,378,608
—
Carolina—Charleston,-
Sixth
has to be estimated.
cases
statement,* however, which
able to give: final and
complete
ended Feb. 28.
\
—32.1
2,685,910
3,720,777
Federal Reserve
Total (6
,
r .decrease of 21.1
%, the aggregate of clear- *
ings for the whole country
having amounted to $12,114,218,381 against
$15,353,689,534
|n the same week in 1947.
Outside of this
City there was a loss of 21.1%, the bank
clearings at this center having recorded a loss of
27.5%.
We group the cities accords'■*
ing to the Federal Reserve Districts
in which they are located and from this
>
1,937,021
4,468,328
2,094,838
Virginia—Huntington
District of
and exact details for the week
covered by the
foregoing will appear
in our issue of next
week.,* We cannot furnish them
today, inasmuch as the week
ends
Saturday and the Saturday figures are not available at
jtime of going to press.
of
698,000,000
3,575,631
.......
Maryland—Baltimore
Complete
are
2,223,894
787,000,000
3,610,395
Virginia—Norfolk—
Richmond—.
21.5
+
$13,694,013,593
day_—1——
Total ill cities for
we
2,669,438
—16.9
800,17-1,968
Total (7 cities)
South
cities, five days
All cities, one
r
—47.1
,
Pennsylvania—Pittsburgh
+ 24.3
1,051,808
—16.3
—
Mansfield—
Youngstown
+41.5
$11,115,201,088
1,152,387
744,631
+50.5
219,419,614
608,901
680,083
1.1
—
+50.5
320,546,679
923,458
—51.7
7,813,292
7,961,084
Cleveland..............
Columbus—...........
3.2
—30.7
980,303
1.039,696
3,718,408
"
Other cities, five
>
338,139,000
,
—.—-—-*—-
Baltimore
|
288,400,000
T.
!
Cleveland
,
Cincinnati......—
7.2
+
1,311,978
Reserve District—Cleveland—
Ohio—Canton
+.28.7
584,649,056
957,000,000
Philadelphia_t.;__r__
%
2,725,289
Jersey—Trenton
Fourth Federal
■
909,187
3,031,833
w
Total (11 Cities)
Clearings—Returns by Telegraph
1945
$
925,000,000
Delaware—Wilmington
New
1946
2,280,736
Wilkes-Barre
com¬
or
Dec. %
1,968,892
769,000,000
:
Scranton
York
Our
Inc.
473 522
Philadelphia
Reading-....
in
$
1,028.189
Chester.—
r
,,
**
,
Lancaster
prelim¬
1947
District—Philadelphia—
Bethlehem
fi;?clearings
gain for the week ended Friday of
23.7%.
a
Reserve
Pennsylvania—Altoona
the chief
Our
year.
Federal
ago.
weekly clear¬
ings will be 9.3%
1947.
Third
with :«.year
cities of the
country, indicate that for the week ended
Saturday, March
for all cities of the
United States from which it is
possible to obtain
inary
Week Ended Feb. 28
1948
$
clearings this week will
45
8,496,019
10,569,264
5,334,659
660,347,939
714,845,619
7.6
594,754,012
552,538,638
12,114,218,381
15,353.639,534
-21.1
12.563,865,306
5,917,873,695
11,610,059,201
6,803,409,541
-13.0
5,555,480,587.
4.994.579.352
(>■
Monday, March 8, 1948
FINANCIAL CHRONICLE
&
THE COMMERCIAL
(1082)
46
Funds
Canadian
Funds
Canadian
Exchange
Toronto Stock
tabulation
This
of Prices
Sale Price
STOCKS—
preferred
preferred —
Prior
—
—
Preferred
———*———.— —
Agnew-Surpass
Ahrer
—2———
—— 2—--
_
Algoma Steel
Aluminium Ltd
of
Aluminum
5c
37%
40%
198
210
24%
25
30c
35
208%
—■——*—
>
pfd_
>•--
2
1-67
Hur
—
Aquarius
-
—
—•
—
-8c
—
7
Argus common
Preferred
Arjon
Ashdown. "A"—
Ashley
—
-2
-
.
Atlas Steel-
Aumaque
.*
-
:
Ahnor
—
Bankfield
i5'%c
—
—
Bank
of
1
Montreal
7c
25
"A"
Bevcourt
Bid good
Blue
—
Ribbon
common
—
~~—
Traction
Brazilian
Distillers
&
Brewers
Brewis
10
29c
10
4%c
10
17%
16
5%c
20%
10%
17%
16
Elec
Columbia
British
Columbia Forest
British
Columbia
preierrea—
—
;
"A"
Power
Oil
____
Buffadison
Ankerite
Buffalo
Canadian
Buffalo
Red
68c
2.04
—
-
,
Lake.—
16c
———
Building Products
__
"A"
Caldwell
Callinan
———
Calmont
Campbell
Canada
Canada
2.65
2.75
4
16%
16
28
28%
Preferred
5%
1,135
165
28%
preferred
Canada
Canada
Machinery
45%.
Malting
Canada Northern Power
Canada
Per
Canada
Steamship
10% /
——
"B"_—1—
Packers
Canada
—
.
Mor
—
"A''————
__
22V4
Canadian Bk common
——i„__z-
Canadian Brew
Can
Canadian
1st
—
preferred
Conv
Car
;
Glenora
Globe
■—2
Golden
Goldhawk
Goldora
—4--/
Canadian
Celan
Canadian
Dredge
Canadian
Food
Class
A
u
pfd
new
—„—
——
Ihd.
Canadian
Locomotive
—1
Malartic
Canadian
Oil
Canadian
Wire
Canadian
11%
—;
preferred.—.. 100
—-
,
13%
,
—_
;
~
Preferred
Patricia
Porcupine—
Centremaque
——
'
4
Hallnor
Hardings.. Carpet'
Hard
4,015
21c
13c
15,200
20,500
39c,
7c
2.85
30c
2,900
7,400
7,946
4.500
„
4
4
•
.
—4——-
5%c
2.62
2/—2^
I—-
37c
—
;
-.
5%c
2.55
26c
3c
<
•
.
-
'•
4c
12,000
'Coastal
-4
2-/—-2 ' ■
' —'
17
17
-2 .600
Cochenour Willans 4—4—
— —'
2.">5
221
2.39
8.8R0
Cockshutt
4_—-2--—-2—10%"
10%. Ml..
420
Coin Lake
22
23c
23c
1,400
COH'wood Terminals com—-U—:——r "—M
9 ; '
9
53
Preferred
—2—21„ t
22 '
9 ■ ' 9
'
30
Colomac
4
2
:
2
1_—
7c
7c ' 7%c
32,200
Commoil
^—2
2
—2.
'
35c
35c
35c
1,000
Coniaurum
92c
90c
97c
3,400
Consolidated Bakeries —2——
-2- '
15% 15 V*
•
10
Consolidated Beattle 2:
—-66c
• 63c' 74c
45,500
Consolidated Central Cad——
17c
17c
18c
2,000
Consolidated Homestead 2—__—:—.".
18c
13%c .19c
133,250
Consolidated Mining & Smelting 2_
94
94
96
1,375
Consolidated Press B
.——2—
3-% --3V2
; 150
Consumers Gas
1—
152
' 151 ' 152
38
Conwest
4
2—_—
89c —, 85c90%C
9,700
Cournor
16c
17c
1,000
Crestaurum
27c
27c
1,200
Crolnor
.—
—-2—
76c
76c78%C
4,500
Citralam
—44—!!!■
4c /
/
—
.
—
—
—
.
,
230
—!
Hasaga
4
Hendershot
-
__i__
—
*4
—_2— "
2—_____%■';
-
—
_—
Highland-Bell
Highwood —___2
20
i__
;j
Hinde & Dauch
-
4,
"Huron
•'.
" 44%
New
16,500
_
New
'/Nib
_________
.
Inspiration
26
1,000
25
....
285
35
15
13
—
100:
— 50
2,900
9,500
500
Jason
Kayrand
20
20 ¥4
250
2.35
2.35
2.60
13,900
97c
5,057
25c
29c
4
4
500
16c
——
—
16c 20 ¥2 c
24,350
■/
2
1.15
500
44 ¥2
45'%
2,780
16c
20c
5,700
2 ¥2
2 ¥2
500
1.72
1.72
1.80
14,736
7c
7c
8c
15,500
2
6c
310
15
45
5%C
5%c
3c
3c
1,000
2
500
24,520
14c
6c
500
51c
57c
4c
4c
4c
2,000
1.90
2.02
12,584
—
;
;
—
13 ¥2 -13 ¥2
^ 7%
/
37c
38c
6,211
-
7
'
7%
1,000
25C
"/'
25c
29c
20,500
50cr,v'" '
50c
69c
2.2M
22c ;
24c.
:
.
11,200
4,500
16c
570,600
"
2_—'2—
79c
59c
57c
2,695
-
268
88c
56c
79c
15,400
•-
——
f
'
7-7"
9 ¥2
2,000 '
90c
91c
30%
30 Y»
31
1.45
1.40
1.52
9,647
6 ¥2
6%
-500
2——;
Hersey
Pamour
—r
2
6c
;
2'%* 2¥a*
—-—
42c
41c"
300
-
- 6,415
4-
Pen-Rey
"
,75c
"
2,000 >
/ 75c
—
—
15c
,i—'
Pioneer
Porcupine Peninsula
Porcupine
Reef
13c
2.21
2.30
3.30
3.40
1.84
1.87
9'%
Purity Floor common
450
\
-
.2,835
>:•
15
874
6c
6c
1,000
..9'%
70
• ■
...
9¥2
r
_
55
44c
500
77c
90c
51'%
80c
72c
Queenston 2 —%■——*
72c'
*75c'
14,150
72c
75c
Quebec Manitoba
80c
3,400
2,600
1
13
^—
/—
2,980
8c
10,000
Little
"A"
16%
.
t^Tp—-—
—
-—
500
2.37' 2.37
22c
Richmac^ -—.'—'22—
Robinson
14
:
Regcourt _2
Roehettc.
13
7%C
Quemont
Roehe
.
!
——
:
/
Labrador .—*2—
Quebec
51 ¥2
44c 1
Preferred
;
/ 30
"
14'%
15
———
-
i2
"
*_———
i.i. •
*
1.95
———
Preston
•
940
540
57
'
11 ¥2
11%
Metals
/
,
Y
4,500
:
39
13
57
Premier Trust
Proprietary
Purdy Mica
,
12
I
1.000
46c
38 %!
39
I2V2
Corp —.—-_2—
:
800
-•
19c
45c
/45c
—_—
Power River
Pressed
19c,
..
—
42,400
2,090
15C
2.25
3.30
Piccadilly
-
j
,
42,400 V
MSri6»%c
.15c
%
1,000 •"
,
—
.
-
8,000
-
4 %c
3'%c
Parbec
310
7c
6c.
..
.—
Paymaster
500
9%
•
•
—;
Pacific Petroleum
Partanen
46,000
7c
6c
6c
7
Pacific.' (East)
.
500
8
16c I8V2C
•
■,
'" 585
\
7% *
8
————-
Pacalta
Power
11
3 ¥2
'
IV2
■».,/
r7—7-7-.--77-"-
Osulake
Page
5 ¥2 c
3%
—
500
5c
2
5 %C
13 %c
—
'1--2-2-
Osisko"
•
-
12c
,
rights
12,450
1.30
1.12
1.18
r"
;
139
68c 74¥2C
72c
,r—~
——
22,250
-
100
110
6
—
Orenatla
Orlac
1,000
■
__
6c
1,500
•
6
/:
1,000
}
3%
1.96
1
—
—
Ontario Loan
155
1,380
-
5,000
27c
3%
3%
common
•
7c
25c
6c
—
Orange Crush _—_z——--7——
535
50,000
22C
1,500
2,000
1.15
—_—4—
Perron
56c
_i,
37c
6%c
16c
.
75
1.25
37c,
32c
44%
Omnitrans
1,225
I
31
13c 1
14,450
6 ¥2 c
32c
——
—
Ogama
6,015
100
-
v
—
Northland
795
Keno
Kenville
2,000
20
O'Brien
12,835
—
—
100
19
25c
Preferred
10,000
3,200
,
13 Vg
13 ¥2 c
240
28
19
——
Paramaq
Kelwren
—
11
28
Renabie
Joliet
6,854
11
—
2,000
50c
Jellicoe
Joburke
25c
94c
Pandora
1.25
;
29 %c
32c
—
Rouyn
1,500
47c
12%
13
:
3,200
—
Quebec Gold
—
75
13c
Norseman
51,100-
29 Vs
52 ¥2 C
230
66
25%
12c
—
Norpick.
225
1
Jacknife
Jacola
65
25 ¥4
11
—
—
—
Yellowknife
Normetal
1,700
8%
.
—
66
O'Leary
8%
30 ¥4
185
610
25%
Norgold
6,500
29
1,875
' 6,050
.
15 ¥4
15
Okalta
25
30%
:
37c
50
5%C
Mountain
36c
37c
Norbenite
2,384
•■7c
100
Uran
Island
12 ¥e
—
Star
12%
29
Pete
International
7.60
12
Norzone
North
247/s
47c
International
3,100
1.85
7.25
—
1,000
12 3%
Nickel —_/
2%
2
Inca
15%
_:
International
17,000
12 ¥8
Stee; Car
North
24y8
Metals
8c
Petroleum
500
27
preferred
4% %
10,200
7¥sc
Noranda
44%
:'i
International
7,000
22c
7.25
Nipisslng
21'%
26
__4_-
3%c
20c
7%c
---
preferred
Grocers preferred
1,000
:
12,500
100
21
Lake—
Indian
5,100
20c
Drug
48,500
6'%c
Imperial Tobacco ord 2_^___
4%
preferred 1
550
60c
4,316
10,358
9.110
15
Bank
Imperial Oil
Imperial
61%
58c
"
Newnorth
3,300
18
44%
"
20
90
61
58c
"
Pickle Crow
,
3,910
90
Calumet
New
18,400
26c 29'%c
21'%
10%
Negus
5.95
26c
——
10
—
1,000
11%
2_—___4—i__
__-4_-___—___4
430
10%
Loco
National
II,500
6.20
33c 37%c
20%
Erie
1,837
2 ¥»c
National
55c " 56c
10c
—33c'
Bay
&
1,500
17¥a"
26 ¥2
5»%C
12c
2,000
' 10c
18 '
6.05
5%c
17'%
25 ¥2
common
24,706
97
15c
10%
410
7,300 "
v
—
National
5
10'%
-
"
50
,
12
26%
——:
45
/
10
'
Hollinger-2222Z____2_2_22_::_4_—'
;
18c 19 ¥2 c
5,393
'
20 ¥2
20 ¥2
20%
—
—
National
13% ,133%
.
•
6,000
61%
Mylamaque
—
——
—
Container
63
93c
6c
81c
97
14c
r
200
90c
6c
81c
55c
2__
2 ¥4 'c
17%
common
Corp
Mosher
360
•
3,100
15,400
1.95
2c
—
Preferred
35
32,245
__
14c
9,800
30c
26c
11%
Brick
100
.
—
-
—
Montreal
5%c
—/
2,115
'3.15
1.85
——
common
Modem
19c
10c
6'%c
7c
50
6¥B
6
2.90
—
———
Mining
10%
14 %c
10!«
10'%
3.00 5
19 %c
Moneta
6%
—
,
-
—
7,300
4.50
81c
-
—1—i
common
Preferred
Heva
-
1
_2_
Mascot
9,100
12,400
2)
& Eastern
Harris
4,000
6%
10'%
90c
2
Headway
Hedley
-
10c
1.50
1.90
Milton
620
4.50
'
13,655
9c
96c
—-—-
Mid-Continent
20
1,000
6c
1.02
;
1.34
~
-r,—-
2,500
_2__
145
10C
McMarmac
10,800
10c
4—'
1,300
2.91
:
2.75
6
McLellan
408
15c
Harricana
2,000
10c
10c /
——
V
McKenzie
2,200
-
ilr.
——r—-;—7
—
————
200
2,000
-
—
—__2——
Preferred
7,800
1
20c
98c
Mclntyre
.*•
4c
10%
:
1,750
20c
1.36
"B" '
625
3%c.
1
100
Home Oil
3,800
Hosco
2/260 ; ' Howey" —_—■
1.38
10c
850
4%
80c
-
1.32
——
Preferred
41%
<
25
1.25
"
■
M0C
■-—-
Masset
255
13
——
—
305
¥4'
26
13
1.27
—
Marcus
14
Rockr
Harker
_—
.
2
_—
Martin
36c
6%
25
2.80
'S
4,900
23
27
25
_
Maple Leaf Milling
30c
,
4,410
27
Maple Leaf Gardens
^—"*2'%4 '2%'
—___L__
1.32
i-—;
Manitoba
13'%
-2—
—;
Hamilton Bridge
1.21
Malartic
3i%c
1—
2__—2_2_222__2-_L__'*
159,500
—
Magnet
395
17
•
—____—2
Halliwell,
...
2,.
.
.
Halcrow
48c
"A"__—
Madsen'
4%
73%c
.
3,000
45c
y—
.
MacLeod
Cla
30c
—
—
12c
:__'2_,—
--J.
MaeMillan "A"
13'%
i
;
Gypsum
50
100
405
60
4,550
1.31
;
/
'
41
—
Gunnar
3,000
1.25
14,800
■
16'%
16'%
41&
—
—_—
Guayana
30
80
•; 19c
-
10c
;
Chesterville
Chimo
__
—
Chemical Resources
Cheskirk
—t
44—4.4—;;
_____—
,
..
11c
—
—
paper common
19 y4 '
'
—_
__
Hudson
'•'L35
Central
Central
—-
50
•,
—
——w_:
Greening
45
,.,3.046
;
24
1.95
1.21
24
1.90
1.20
-
1.20
■—
Bousq
.Great. Lakes
120
99% .100
13% c .14
„
1.90
—
—
Castle Treth
.»
88c
84c
85c
Box
Cariboo
: •'
,;
a-—.
Pacific"
new
*
__
"A"—..—
A1
.
—
Canadian
*
•
—
Mach
Ice
Canadian
—
common
,
105%
"A"
Grandoro
50
500
21%
22
20 2OV4
lOilOV'a
15% *15%
T4'/4 14¥4
*11% ; 11%
23% *' 24
21%
20
—
.L.*
Prod
15%
16
i
._4_4
;
4-
Preferred
Grafton
50
95
7,
11"
16
18c
4
—
Goodyear common
66c
1.17
625
■
'
10%c
14c
6
6
18ft
20c
' 3%
3%
* 103 105%
■
50 60'%
' 19 %' 19'%
lie" 11c
14
14
—
2
-4.
—
Goodflsh
330
19
•
2.34
11c
—
—
—
Goldvue
-
—4-
—
1.560
'
MacFie
30
;
11c, lie
'/ 2.24 2.42
lie
——
Manitou
5%c
5%c
—2-4
Gold Eagle
/Golden Arrow
3¥4c
64c
—
—
Hosiery
MacDonald
'
25
78c
14c
6c
73c
13c
74c
—14c
-
—
-/
Goldcrest
505
1,320
2,494"
285
24%
■11
r
58c
Lake
Lac
'"B"
New Marlon
176
18%"
18%
—'
——
__
Oil—
God's
•
399
24%
:
common
Class "A"
Canadian
21
-
18%
preferred
Canadian
»
-
11%
37%
71
73
6
6
22% 22%
20% '22,/a
18%
18%
;
—
.
Baks_i
Canadian
11
*
„
Wire
„
——
Lake
Gillies
—
4.85
——
Yellowknife
Giant
160"
100"
13 '
,
197
—
—————
Preferred
100
35%
11%
common
Preferred
Canada
196'/2
•
>v
3%c
1.25
Lynx Yellowknife
170
110 110%
2%
3
14:% 14%
103% 103%
4.60 5.45
10c
11c
2%c 2!%c
58c
62c
—
—-2-22—
General Steel Wares common
50
5
45%;', 46
10% 10%
-16%
16%
5
—
/
—
Bakeries
General
3»%c
48c
Lunward
45,500
18%
18'%
19
_— 102'% 102'% *
——
Graham
——
—
-
'
—2--
-
—
common
14 ¥4
-
Louvicourt
15,450
4.00 4.00
16 163a
40 40%
4
4Vti
5%c
,6c
8%
9
7'%
7%
l.) 2 %
2»%
22%
23
12c
13c
1.82 1.95
13c
1.85
14 ¥a
—
Long
Pl{is<t
Moore
250
16
___
_
-2—
Gatlneau
2,450
4
-
"
:
Frobisher
36,500
1,600
common
Cement common
Preferred
13c
"A"
71,500
14 y8
——-
,
London
166,550
4
2%
22%
,
8,600
7'%c
9,500 ;
19
4
2,000
7%c
6%c
___
Little
'''
41,400
1,300
17%
18
-
"
—------
Loblaw ,"A'.' !
;
25
58c ' 64c
82c
94c
20c
24c
y—
Francoeur
200
17,800
9c
2.70
-
Bread
Ford
355
45c 46Vic
Products
Fibre
531
58
45c
—-
'
25
3.50
_2
7'%C
6%c
7C
12c
Sec
Lingman
175
11%
—
75
Lcxindin
5
3.00
—;
•
18
7c
r-
—
Oro
;io
90
11'%
—
1,200
1.20
"U"
830
50
__
Fittings common
Fleet Mfg ————4-4
1,653
16,000
2,425
6,000
22,800
14
8
com—
Kirkland
6.95
■
193
3.20
—
Grain
Federal
290
187,600
29%
4.10
10 %c
——
—
17'%
4.00
M6
40
—
5'%c
.
IWC
—a—a-—
Leduc-West
3,800
'
2—
1,200
6.75
6¥2c
6.90
Leitch
13,350
4
—
150
2.95
27
—
15
3(1.200
:
22
Farmer
Fanny
Federal
'
8
8
.//._—
4.00
preferred—.
Calgary & Edmonton——!—--——-
"
29
3.85
13%
__
-
1st
Lebel
I,000
—_
Play
Famous
27%
,
—•
McColl
Falconbridge
1,450
27
18
Laura
5,000
18
———_4—
53c
——
"
-—1—
2—
"B"
Eureka
265
„■
30
29%
—
"B"
Burns
Burrard
26
2%
2%
21c
25c
32c
32c
65c ' 72c
2.00
2.07
12
13
15c
20c
—
—
Buffalo
94
3%
25
24 %c
—
Broulan
6c
21¥4
93
3%
—
..
———-
—
—
Equitable Life
700
3,330
390
7,000
1,460
300
55
1,210
..
.
24%
26
z_--—
r
24'%
3%
.
—
"B"
Dominion
British
21%
24%
94
1
-—
British
Class
26c
6c
__
Sol
2-—-.
—
25
35
61c
83c
21c
53c
50
794
.
25
15%
35
—
'.
477
'
15'%
—
4,000
common
Macassa
35
2_
32,900
3%
14 34
•
1,531
10c
10c
7%c 7%c
* 28c" 30c
1.90 2.05
2.58 2.80
" * 8 " 8%
4—
56c
14
Luz
Larder
60
*
__
.__2
44c
Lapaska
165
25c
10c
4—2.05
2.61
'
_2
49c
——■
Lapa Cad
25
8c
2.2--——4-4—"
I—
3,600
*
7%c.
2——1———2—
5c
—
—
_——
Lang
315
24,200
7%c
—-2.-—————
—2
Class
800
___
La
6.40
2.90
*
-j.—
——
"
84c
23c
*
-
47c
English Electric "A"
2,000
1,000
4%c
—-
3%% preferred
El
^
1°
50
—
Oil
Woods
10
L__
_4—
Eldona
500
11
55
——
.
American
British
H
55
13'%c 13%c
10
_______—17'%
—
Wasa
Lake
345
r12
12
45 %c'
Eddy
5,600
26c
Lake
16,900
24%
6.00
4%C
14%
—
24%
6.00
2
Fortune
Shore
1.410
45 %c
T
Malartic ———
Elder
4
2,000
-
Lake
Lake
77,900
4—i__
Easy Washing
—
Investment
17,000
4%c
—
——
———
Bralorne
50c
22c 24 %c
:_
—
"A"
24c
,
15c
,
Dufault
Lake
.
1,143
i,——
Bonetal
Bowes
Boycon
——-5
2,700
17,685
15c
4¥aC
j—
G.OoO
77c
77c
Economic
70,640
46%C
__
,
—
55c
lv74
24%
—
Laguerre
20,200
12
12
12
50c
1.63
15c
Labatt
Labrador
26.000,
L—
Eastern Steel
72,575
—
—.—
.—
______
——
East-LedUc' "_21—
.
10
166
—
,J—'
——- J
——2—2—f—
Crest
East
350
11c 13'%c
—
Preferred
Bobjo
,
164
-
Woollens
Dominion
175
8,100
100
"
2
—
,
Dominion Textile new _2_4
1,834
1,075
490
4 V11
14
23%
j,
preferred
East SuLivan ——-2—
44c48%c
45c
_____11c
__1___—-—L——
164
46%c
_i
—
Exploration—
Telephone
Stores
East
37'%
41/0
41/«
Beaulieu
Domiinion
Dominion Tar
—
*
—
"B"
2,050
•
36 36%
10c lO'/aC
16
16
18% 18%
16
18%
—
,
36'%
—
—-——
-
Power
v
Steel
Dominion
'
common
2,600
8c
26
10c
——
"D"
piflcc
Bear
2--'—
Innis
&
Bathurst
25
—
Metals
Bates
5,900
•
16c
———36%
Scotia
Nova
Bank Toronto
Base
1$'%C
—
Bank
Scottish
53,600
——
Bagamac
Dominion
'
Magnesium
Ma't preferred
43,800
Dulama——
4,950 /, "Duquesne——
4,200
Duvay
1,445
1,000
East Amphi
—
:
23'%
Dominion
Donalda
—
__
2
:
—
Foundry
Dominion
5,500
-
Yellowknife
Atlas
Aubelle
——'
—
Electro
Dominion
42,700
25c
——-
Astoria
Athona
Preferred
640
llcll'%c
'lie
~~~
1—
•
10
23%
26%"
17^«
8
25
6
23%
7%
102
3'%
14 14!%
23%
25
20%,. 20'%
1
?,
33,200
50c
—
Kirkland Townsite
700
22'%
-263/8
17%
" 8
25•
6
23%,
7'%
102"
3%
26'%
' —
77
18c
1.65
Hudson
15,500
65c
55c
23%
-
42-—I—
Dairies common
Dominion
55
.i
;i
—22
Coal preferred
Dominion
500
L-
——
Bank
Dominion
Dominion
596
75
—
Dome
5,700,
10,000
500
7
75
—
>
*
15
16c
1,000
40c
69c
,
High
14¥s
17c
Gate
Golden
Kirkland
7.800
54c 61c
17V* 17%
—57c
.17%
i—
58c
Low
14%
Kirkland Lake
Lamaque
8,700
24c * 29c
—: i —12
12
—
9c
8c. 9%C
—-——9c %
9c .10%c
8%c
8c
9c
10%
10%
11
——
—
,
12c i 12c
l°c
10c
13c
21c
20c
23c
3.80
,'3.80 4.00
^*,w
-
Armistice
6%
—
.
-
Mines
35c
60c
/,
36c
65c
-
"
!
Seagrams.——
Diversified
81,900
8c
_
222-1
2
—
Distillers
.
48c
6c
19c
6c
39c
;_i
4
——
Discovery
303
12.100
500
8.75
8c
~
—
Area
Bell
8.50
43c
5 %c
19c
8.50
-
—
Apex Resources
—
2.
2
1
-
Dickenson
.475
,
35
14%c 16'%c
1.65 1.68
15'Ac
—
Anglo Rouyn-
27 %c
—
——
-
—
Anglo Canadian
24%^
30c
-----——
2„
-
Denison
Dexter
590
—
Shares
Addison
Kirk
75
1,500
11 %C
12c
12c
12c
24% 24 %
1.40 1.45
6c 6V2C
39c 44 %c
—
—2
—
11 %c
—
-
Detta
114-
7c
88
Can
yellow
American
6%c
—-
—
"A"
Delnite
l,18o
60
'/. 615 .35
5,000.
fO
•
45
11 %c
for Week
Par
Kerr
68
115
45
12c
115
45
"
•
——I—
Pete
Leath
Davis
915
8
8
--
—
Amalgamated-Larder —-——2
American Nepheline —
———«•
Anglo
>»
—
——-——
—
-
Acme Gas
18%
l
Acadia-Atl ''A'——
-J—
_2
D'Aragon
Davles
13V4 14%
19% 19%
36%
37
17—8%
98 98 U
OV2
6%
13%
19%
u
Shares
High
Low
Par
Abitibi
Trust
Crown
Sales
Range
of Prices
High
Low
Crowshore
for Week
Range
Last
Crow's Nest Coal
Sales
Week's
Friday
STOCKS—
Shares
of Prices
Sale Price
1
Par
Funds
Canadian
.
$1.50
STOCKS—
week.
in time for publication last
week ending Friday, Feb, 27.
not received
was
figures are for the
The
Week's
Last
Friday
for Week
Range
Last
Sale Price
Sales
Week's
Friday
'
7,000
22c 24¥2c
"
16»%
16 ¥4
7c
14c
60
50O
7c
14c
'
...
1,000
1
Volume 167
Number 4679
Canadian
THE
Friday
Week's
Range
for Week
of Prices
Shares
Par
Low
Roxana
28c
:
"
Russell
Ryanor
Bt Lawrence
Cor
Antonio
16'/2
75
He
11c 13 %c
Sand River
23,400
13 %
14
7
85
37
37
25
114
115
25
3.95
4.35
3,715
7c
Sheep Creek
Sherritt
,
185
60c
23,100
21%
21%
4534
260
1.02
1.05
1,700
2.11
2.11
2.24
18,069
14c
13
13
13%
12%
13%
8.50
8.50
preferred
Silver
Miller
59c
26c
35c
of
11
11%
10
10
10%
99%
States
Government
bonds
000 and
$58,000,000, respectively.
Demand
deposits
adjusted
-
decreased
227
42c
40c
42c
10,400
31c
31c
35c
7,600
17%
18
360
1.35
1.25
1.42
9,900
$36,000,000 in the Richmond District, and $35,000,000 in
the Philadelphia District.
Time deposits increased $23,-
60c
Springer Sturgeon
Btadacona
60c
61c
3,347
000.000 in the San Francisco
Standard
-
Chemical
Standard Paving
preferred
—
common
w-i
_
Preferred
Stanley
95
/.
—
4%
:
18%
•
95
G8
69
205
73%
73%
10
68%
9
2.15
Sterling Coal
Sturgeon
Sudbury Contract
1.69
1.69
Taku
;
C
&
52c
44c
9%C
11c
19
Elevator
Toronto
Iron
11%
10%
Mortgage
Transcontinental Resources
105%
52c
Oils
United
5
Real
4,700
dealers
Government
S.
for
obligations
Steel
—
__
for
purchasing or carrying:
obligations
to
+
loans
16%
100
48
185
28,411
155
4,166
9
mr
11
1,900
6
5%
6
2.18
Cash
535
2.08
with
Federal
Reserve
Banks
—
659
+
58
142
+
V'
235
+
836
+
44
11
Vicour
6.25
6.25
6.65
10c
10c
Demand
700
10c
2,500
deposits
adjusted—
Waite
Amulet
4.95
____
Walker G & W
4.90
25%
4.95
25%
25 ?8
11
15c
17c
Western
Grocers
28
28
+
+
34
21%
100
33%
33%
85
22%
22
22%
680
99%
__
99%
100
72
__
common
Preferred
9c
Winchester
9c
8c
9%c
42
7%c
8c
common
7%c
8%c
8,824
1,368
275
—
Govt,
figures
revised
(Philadelphia
24%
5,188
96
Yellowrex
21%
2.75
—
2.75
_____
9 R%
,21%
*
Comb
2.85
30c
1st
preferred.
32c
2,500
5
4
4%
Below will be found
7,800
7c
7%
15
4(4
preferred
Including
The date indicates the
American
Friday
Week's
Range
for Week
of Prices
Shares
Sale Price
Sa
Par
Low
-l
9
____
•
4
Preferred
__.
:____
.
Canada
Dominion
Industrial
Canadian
,82
__
16
Marconi
common...
20%
Canadian
Steel
preferred
Hayes
&
Union
16%
17%
45c
common
21%
Paper
Oreille
S'mount Invest
Temiskaming
30%
3.70
*
1st mtge.
preferred
1
A_Apr
1
stock____—Apr
1
43
:*
1
*
ser.
1st mtge. 5s, due 1958
Co., Inc.—
due 1970______—
Apr
*
Apr
*
1
749
-Apr
1
;.■*
series A,
due
Street Towers
United
1st
4%
Gas
2d
mtge.
/
(now
22
1st
mtge.)
,
852
946
bds.,
due
Co.
1952_Apr
1
752
45
45
23%
3,200
A«
.snq
Butte Electric
10
21%
2.25
2.35
38c
38c
38c
206
—
6%C
7c
3,600
3,400
new
i
York
Purchase
Gas
&
monev
Electric
4%
Noma Electric Corp.,
Light,
bonds,
15-yr.
conv.
Wheeling & Lake Erie Ry., 5%%
•Announcement in this issue.
Heat
due
&
Power
Page
52410
(12142
153
3%%
$2004
debentures, due 1960-Mar 22
851
752
preferred stock
165.
HVol.
(quar.)
May
164.
I
£Vol.
166.
3-13
3-10
8%c
3-
0
7-
1
6-
8
10-
1
9-14
1-2-49
12-14
8n/4c
Corp
12'/2c
(quar.)_
3-12
1
3-12
3-30
3-18
30c
3-31
3-15
81(40
3-31
3-15
common
pfd.
tquar.)
50c
3-10
3-10
4-15
3-31
2-28
3-19
3-31
3-19
25c
(annual)
1
3-16
3-31
3-12
$3
_____
(s-a)
3-15
2-27
4-1
3-26
4-
3-15
15c
$1.25
_____________
(quar.)
20c
_____
—20c
4-1
3-15
3-12
35c
$1.75
;
10c
(quar.)—
3-12
1
3-16
4-
1
3-16
1
3-12
3-30
3-20
J 15c
20c
common.,_____
(quar.)_
Canners, Ltd., common
4-
3-16*
3-10
1
3-10
3-26
3-16
4-
1
3-16
t40c
4-15
3-31
i30c
Foundries,
preferred
3-16
3-30
4-
15c
(quar.)
3-12
3-31
4-
75c
(quar.)__
Ltd., com. <s-a)__
preferred (s-a)____
Canadian Bronze Co., Ltd., com.
(quar.)___
4-15
3-31
$50c
5-
1
4-
9
'.—___
$$1.25
5-
1
4-
9
<quar.)__
$31 (4c
4-
1
3-10
(quar.)
$25c
4-
1
3-10
5c
4-
1
3-10
4-
1
$10c
4-
I
3-IO
175c
3-31
3-16
$25c
3-31
3-16
preferred (quar.)$4334c
Industries, Ltd., common (quar.)_
$17(60
3-31
Participating
non-cum.
preferred
(quar.)
Participating
___'
Celanese, Ltd.,
preferred
(quar.)_
$15c,
—
common—
Canadian
Westinghouse
Cannon
Class
Mills
B
Co.,
3-21
4-15
3-15
1st
pfd. (quar.)
(Quar.)
$$1.12y2
4-15
3-27
Co.
par)
(stock
for each
share
3-15
3-30
3-11
3-30
3-11
4-
25c
3-12
3-
65c
4-
1
3-15
50c
3-15
3-10
4-
3-15
6
—
Equipment Co. (10c
held™
(quar.)_
preferred
1
75c
(irreg.)
dividendi
of Carnaco
dividend
3%%. 1st
$50c
75c
common
Capital City Products Co. (quar.)—______—••
Capitol Records, Inc., $2.60 pfd. (quar.),
share
3-16
$$1.75
(irreg.)
Co.
3-10
4-30
preferred
(quar.)
Refineries, 4%%
Cash
3-15
3-31
9334c
non-cum.
One
3-15
3-15
3-31
Ltd.__—______—135c
preferred
1
1
$1
62(2c
1st
44-
4-1
25c
______
Iron
1
25c
—_
______——________
(quar.l_____
2-24
30c
(quar.)
(quar.)
Co.,
3-1
3-15
$$1,75
-
___—
Corp.
1
4-
35c
Co,
4-
25c
common—....
Ltd.
3-31
3-12
3-31
_________—37V2c
(irreg.)
Ring Co.
'4-15'
25c
_
(quar.)
preferred
4-lfi
3-15
3-15
$1.06(4
_____________
(quar.)___
Co.
1
5-
25c
common
Company
Watch
5
1
4-
•
Piston
3^
4-
(quar.)_j
Distillers
Burlington Steel,
Campbell (A. S.)
3-12
50c
37V2c
common
Products,
4-
84%c
•
——_______
preferred
1
8:,4c
8:,4c
-
(quar.)
Assurance
Co..
3- 5
3-30
3-25
2 '/2c
Corp.
preferred
1
4-
20c
Brass Corp
Club
<quar.)__
Co.,
5
5
3- 1
(quar.)
(quar.)
&
44-
1
1
37V2c
5c
Bucyrus-Erie
Canadian
55-
3-15
2'/2C
preferred (quar.)
(E. L.) Co. (quar.)
Carnation
Anytime
8
3-10
(quar.)
conv.
Canadian
Co.—
1949
$Vol.
$2
Bryson
preferred
I'/o
CALLED
3-
1
Corp.—
common
Bruce
$1
a
—
iquar.)_™
preferred
Brass
$1.75
1
3-
3-31
4-
$1
Canadian
1
Company and Issue—
Date
Appalachian Power Co., 6% debentures, ser. A. due 2024_July 1
& Power Co., 1st
mtge. 5s. due 1951__Any time
Denver & Salt Lake Ry., inc. mtge. bonds, due
1960—Apr
1
General Rayon Co., Ltd., 6%
debs., ser. A, due 1948—Apr
1
2,645
&
Durrell
60c
2-18
1
3-31
30c
(quar.)
British-American
Canada
3-
3-
93%c
(Hartford)
Equipment
Canadian
bonds, due 1967_Apr
ISSUE
(quar,).
Bridgeport Gas Light (quar.)
Brighton Mills, $3 preference
890
%
Corp.—
mortgage and collat. trust 234%
ENTIRE
140
50%
Co.
Laughlin, Inc.,
preferred (quar.)
5%
1960
Corp.-—
A
Del.™
Steel
Co.,
Hedges,
*5%
I
Apr
Co.—
3-15
3-15
,
(quar.)
of
&
$2.50
1
Ltd.—
______
4.25%
Eurd
3-15
4-
56'4c
Extra..
I'/o
1
$0.7222
Appliances
Sivalls
Budd
3-17
4-
J25c
preferred
&
Foods
6%
mortgage
3s,
Page
_Apr
5V2s.
.
preferred
preferred
Home
Bulova
Date
1958—_
.
29th
2,500
20
'
3.25
Water
1.060
48%
45
942
50
23
3.45
22%
13
Joseph Light & Power Co., 1st mtge. 2%s, due 1976-Apr
1
Thew Shovel Co., 7Vo preferred stock—
Mar 15
240
30%
—
547
Mar 25
Mining Co.,
&
Refunding mortgage
25
28%
Co.,
Inc., convertible
Coal
10-yr.
49
646
3-17
$1.75
tquar.)__
Extra
St.
600
28
___
Apr
___■
1955
bonds, 2%^ series, due 1961
Oregon-Washington RR. & Navigation Co.—
3,945
42c
——
due
5s,
Terminals
Gas
1st
300
21%
_
stock
B
mtge,
1st mortgage 3%s,
Oklahoma Natural Gas
245
Selections
Pend
35
1.00
—
O
class
1st
Indiana
1,010
24
40%
3.60
Paper
Inc.
Co.,
Goldblatt Bros.,
185
1.75
39
28%
Langleys preferred
M
21%
90c
.1
common
;
Steel
Cleveland
358
45c
Page
PARTIAL REDEMPTION
70
21%
International
Oil
16
3%
Donnacona
Foothills
Co.,
Company, and Issue—
'
Service Co., 5% debentures due
31
90c
Bridge
Glass
&
Coal
Cities
2,528
85
3%
16%
,
Dominion
4%
40%
;
_,
Dominion
4
20
3%
Paper
Dalhousie
Disher
_Z__.
Lumber
Westinghouse.
Coast Copper
Consolidated
Porcelain
&
$4
Date
3-22
3-30
25c
Oil
Corp.,
25
1.50
'
Vickers
Western
200
23
—»
Canadian
Canadian
25
75
16
TENDER
■
Helvetia
Sugar
Canadian
9
25%
82
;
OF
pfd.
(quar.)
(increased quar.).
Building
Building
25%
"
73
(R.)
Monon
73
•
Hoe
High
9
.
Columbia .pulp common___„_
Brown common
Superpower
B
convertible
5%
3-17
3-30
$1.50
$7
preferred
convertible preferred
Brown
3-19
3-31
3-30
f 15c
Alarm
convertible
Bristol
3-20
25c
(quar.)
Co.
Brown-Forman
preference stock™
Mar
5
Aroostook Valley RR., 1st & ref. mtge.
4%s, due 1961_Apr 12
Heller (Walter E.I
& Co., 5%% preferred stock——Mar 23
Sales
Last
STOCKS
Andian
NOTICE
Company and Issue—
Funds
2
53y8c
convertible
Extra
Exchange-Curb Section
Canadian
!
Baltimore
Bishop
given in the "Chronicle."
were
3-19
15c
common
Beneficial Industrial Loan Corp.,
$3.25
preferred
iquar.)___
fund provisions.
last date for mak¬
3-19
1
$1.25
(quar.)
Insurance
Co.
5%
or
1
4-
$2
Hirdware Co.,
Fire
Mfg.
Bendix
ing tenders, and the page number gives the location in
Toronto Stock
Ltd.
Bohn Aluminum
redemption
(quar.)
Quarterly
Beatrice
corporate bonds, notes,
called for redemption,
3-
4-
1
(quar.)
Book-of-the-Month
list of
a
3-12
25c
_________
(irreg.)
Co._
Oil,
preferred
Automobile
60
and common stocks
those called under sinking
which the details
preferred
Co.
Light,
(quar.)
H.)
Axelson
33
Notices
50
2-27
Refining Co.—
Automatic
•
3-15
(Houston) —
common
convertible preferred
Bliss
795
7c
—
preferred
British
4%
3.75%
7%
Redemption Calls and Sinking Fund
50
,
7%
7c
.
Asbestos
Atlantic
Bank
District).
2-27
3-19
$1.50
Co.,
(quar.)
Benson
18
1
1
£5c
(J.
A
29
18,006
3-17
34-
30c
i-__
&
Corp.,
Class
I'/o
except
1
4-
$1.25
$1.50
Extra
7%
accounts,
'
3-15
1
25c
& Felt
Stamping
Steamship
Ashdown
330
—
4-
'
Lines, Ltd.—
15
—
3rH
3- i
12V2c
(quar.)__
Ltd.
7%
accounts,
S.
<quar.)_____
President
Black
15.000
22%
Preferred
Knit
U.
Co.
non-cumulative
Asbestos
534
^ •'
°Feb.
5,500
8c
Electric
Ymir
and
Sugar
3-1 f
1
3-15
50c
50c
preferred
1,218
+
__
3,300
23%
Wingait
Wright Harg
interbank
during week
1
4-
37'/2c
$1.06(4
(irreg.)
(quar.)
Extra
Wiltsey Cogh
Winnipeg
2,435
+
45
1,002
258
demand deposit
4-
(quar.).
(quar.)
Baldwin, Ltd.
preferred
3%%
Debits to
10
21%
common
——
Class "A"
Westons
150
+
14,728
banks
Foreign
9-45
Armstrong Cork, $4 preferred™
Aro Equipment
(quar.)l
10,600
Products
2nd
47,559
*_
Govt.
deposits
Borrowings
Wekusko
Westeel
York
except
demand deposits:
Domestic
banks
50
17c
Government
2,460
11
deposits,
S.
3-15
Power
Interbank
2,091
—
Waterus
Wool
Time
3-15
1
2nd
Baldwin
U.
—
1
1
preferred
75
+;
Liabilities-
Ventures
44-
4V4 ','o
1,943
—
3-15
10-
General Insurance
860
—
24
■'—
2,287
2,267
—
1
$1
Quarterly
83
5
*"4-
—
$2.50
American
1,732
149
—
815
Balances with domestic banks
+
+
92
—
12,296
vault
in
8,450
4
—
2,599
17
934
11*
—
3,115
'-•i
3-
$2.50
Factors,
$6
5
1
(Sra)__
American
257
+
Y.)
4-
RR.—
Buslines, Inc., 5% pfd.
Express Co. (quar.)
American
322
N.
Paper
American
54
+
4-
2,156
bonds
Reserve
Allied
(Watertown,
common
&
3-15
3-
40c
(s-a)
preferred
2,771
—
15
+
3,494
16
S.
Inc.,
3,851
—
5
—.
253
;
75
U.
&
preferred
Aldens,
4V4'k
3-1
3-31
1
(increased!
preferred
Alexander
3-15
4-
75c
Youngstown
Canton
Holders
62 '/2c
(quar.)
Co.____
Akron
Common
When
Payable of Usee
—7%c
Co.
Co.
$6
479
Treasury bills
Treasury certificates of indebtedness—
Surety
Agricultural Ins.
Quarterly
Arkansas
5
—
3,565-
banks
&
Insurance
American Hair
32
are:
15c
Life
+
—
week
Corp.
Casualty
Anderson-Prichard
133
294
loans
Other
2.10
Admiral
Aetna
+
28*
this
Share
Corp._______
Aetna
748
+
157
+
—
402
securities
Loans
220
+
30
___
Upper Canada
__
532
325
14%
$130 kit
Company
Electric
American
1,000
14%
Acme
1947
pur¬
47%
48
Investment
Per
5%
Government
estate
Feb. 26,
1948
23,610
securities
Other
■(■■■■
and
Since
agricultural
29
14%
United
U.
and
10
•
•A"
"B"
Feb. 18,
announced
American
Inc. (+) or
64.057
8%
"B"
Fuel
General
Corporation
Department" in the week when
News
dividends
Name of
Philadelphia
(In millions of dollars)
9
29%
250
200
par);
part paid—
Then we follow with a second table in
show the dividends previously announced, but
Amalgamated
8%
__.
Class
S.
Other loans
100
106
48c
8%
Mining
United Corp "A"
Class
10%
par)
($25
are
Investment
nb'/o
carrying;
or
Other
200
105%
48c
Gas
12
U.
970
11%
"A"
Toronto
71c
brokers
chasing
50
71c
__
and
reporting
.
14,591
to
Loans
70,400
19
__
Toronto
Commercial, industrial,
13,700
10c
($300
receipt stamped
week.
we
American
'-."y/'
_
100
r
all
1948
12.575
40 %c
$260 lot
——$71 lot
declared.
5%
Assets— •%>
Z
Loans and Investments—total
2.200
5
To burn
United
55c
3.30
(10c
common
'i
2/4 International
_—:
Co.
De¬
Corp.,
which have not yet been paid. Further details and rec¬
ord of past dividend payments in
many cases are given
under the company name in our "General
deposits credited to domestic
Loans—total
5
Tip Top Tailors
at
Feb. 25,
1,500
3.05
43c
;
Demand
$45,000,000
Dec. (—)
16,050
5
___
banks.
and
1.150
13c
1.89
3.15
Thurbois
Union
1.77
12c
55c
common
Teck-Hugh
Thompson Lund
District, $16,000,000 in the
500
1.72
'
1.76
District,
member banks follows:
!"•
/%'"■
5
5
Patents
grouped in two separate tables. In the
bring together all the dividends announced the
we
which
$103,000,000
District and $33,000,000 at all
reporting member banks.
A summary of the assets and
liabilities of reporting
2.000
5
12 %c
Union
10
20
were
Z Borrowings decreased $22,000,000 in the
5,440
10
22%
Industrial
DIVIDENDS
banks decreased in all districts.
1,000
2.18
19%
__
Sylvanite
P
9
2.11
•
_
Sullivan
Taylor
member
15
Edison
Dividends
City, $86,000,000 in the Chicago District,
25
21,000
.
Rock
York
120
9
78c
Athenaeum
Boston
256
par)
Corp.,
stamped part paid;
Machine
Boston
The
districts; the principal increases
New
Philadelphia
13%
Preferred
in
525
75c
75c
__
Steel oy
Steep
.
9
-
other
10
18%
Brock "A"__.
Starratt
Gtedman
280
5%
'
18%
210
95
Equity
—
1
Trust,
($100
common
100
par);
Fruit Co.
4
in
20
Southam
($1
260
,
Corp.,
common;
700
($1 par);
125 U. S.
Corp.
—
Palo Seco
Business
the San Francisco District and
increased in most of the
100
1
Gasifier
A
par)
»
$134,000,000
24%
4
Lighting Corp.,
Universal
50
$92,000,000 at all reporting member banks.
99%
-
Vermont
velopment
$50,000,000 in the San Francisco
19%
Bladen
6
108
Holdings of Treasury bills and notes decreased
$54,000,-
10
25
par)
de¬
99%
Class "B"
($300
$155,000,000, largely in New
24%
Siscoe
Athenaeum
current
155
99%
1
par)_
Boston
first
592
99%
Silverwood Western Dairies:
United
decreased
District and
21,200
11
<
$ per sharp
__
i$300
debtedness
60
'
-ZZZZZ
"B''
increased
common
Athenaeum
$106,000,000 in New York City, $28,000,000 in
Chicago District, and $149,000,000 at all reporting
member banks.
Holdings of Treasury certificates of in¬
10,900
35%
28c
Bilverw'ds class "A"^™-™i
Class
50c
35%
,
Staples & Co.,
creased
891
50c
Silknit
F.
Boston
1
the
200
8.50
H.
1
class
securities
City.
Holdings
280
12%
STOCKS
70
York
1,500
ZZZZ
Silanco
•
14c
Z_ZZZ
_
Sigma
other
50
45%
common
vtc
Shares
industrial, and agricultural loans de¬
$13,000,000 in the Chicago District, $11,000,000
each in the New York and San
Francisco districts, and
$28,000,000 at all reporting member banks.
Loans for
purchasing or carrying United States Government and
3,500
14
45%
_______ZZ-ZI'
ZZ_ZZZZZ
Z~~Z~IH~!Z~
__
principal changes for the week
increase of $157,000,000 in loans, de¬
Commercial,
18,800
14c
55c
III"
common
8%C
14
Preferred
Sick's
7c
12c
.
12c
56c
_
following
creased
4.25
~ZZ
Shawinigan
Shawkey
the
$353,000,000 in holdings of United States Gov¬
ernment securities and
$275,000,000 in demand deposits
credited to domestic
banks, and an increase of $150,000,000 in demand deposits
adjusted.
500
11
"
_ZZZZZ_ZZZZ
_™_ZZZZZZZZZZZZZ'
Bridge
Rouyn
Senarto
47
Auclion Sales
creases of
845
7
%
10
,
Sannorm
Sarnia
shows
ended Feb. 25: An
46,000
Z_
__
(1083)
Transacted by R. L. Day & Co., Boston on
Wednesday,
March 3.
leading cities
620
10c 1234c
*
common
:
7,100
1234c
Bt Lawrence Paper
preferred
San
31c
16
Class "A"
;
banks
24%
23
xZ_ZZZZZZZ_Z~Z~
~~~""T i:~Z
_ZZ ZZZZZZZZ _ZZ
ZZZZZZZZ'
Z_IIIIIZZ
common
CHRONICLE
The condition statement of
weekly reporting member
of the Federal Reserve
System in
High
27c
24
_
FINANCIAL
Condition Statement of Member Banks
Sales
Last
Sale Price
Royal Bank
&
Funds
STOCKS—
Royalite
Roy bar
Rupununi
COMMERCIAL
(quar.)
3-10
L™
9334c
1
:
(
,
r>7 F
'•v;
i'."'
■
Name of
:
:
6%
6
%
Case
I.)
I J.
Cooke,
&
2nd preferred
7,%
Central
preferred
preferred
4.1%
4.1%
preferred
3.5%
4-
1
3-16
Globe-Wernicke,
4-
3-15
3-12
1
3-12
of
Chamber
Class
Co.
(quar.)
3-10
$5 preferred (accum.)
Great Lakes Plating Co.
Service
Cities
Citizens
(quar.)
,___
of (Washington, Pa.)
pieferred
7%
(City
Water
Title
(extra)
Corp.
Cleveland
Worsted
Corp.
Colonial
Ice,
Commercial
(quar.)
Water
preferred
$7
preferred
Connecticut
3-30
Hoover
4-
'
4-
1
3-31
3-31
3-12
3-31
3-15
1
3-15
7% preferred ($5 par) (quar.)
International Products Corp.
2-27
International
4-
3-13
30c
25c
$1.37%
12J/2c
87%c
87%c
(quar.)—
—
7%
4-
1
3-12"
1
3-12*
Jamaica
Inc.
4-15
3-31
4-20
4-
3-25
3-12
50c
3-15
4-
15c
4-
——
.1—
L
Deep Rock Oil Corp._
_______
Fund, Inc.——
Power & Light Co.—
5
3-15
1
3-19
1
3-
5
3-23
3-
$1.20
9
3-
1
(quar.)_„
Series
Mill
3-10
Kingspoprt Press,
3-10
1
3-10
4-15
3-29
Laclede
4-15
3-29
Lefcourt
4-
Steel
&
Howard
Balanced
Eaton
&
Howard
Stock
El
Dorado
—
European & North American Ry.
Exolon
Co.
.
__
(s-a)_
(quar.)„
—
Farrell
Birmingham Co. (quar.)———,
Faultless Rubber Co.
(irreg.)
■___
Fear
(Fred)
& Co.
Federal
"
Bake
Federal
Chemical
6%
Feltman
—;
Stores,
&
preferred
Shoe
Crume
__
common.....
(quar.)
Publications—.
Common
Stores
Mfg. Co.
Public
4%%
Class
Foote
Utilities
preferred
Shoe
___
B
common
(quar.)—
class
3-25
3-15
3-25
2-28
3-22
1
3-15
4-
3-
3-
3-
3-17
4-
3-
'
3-10
2-25
Mading
55c
Oil
Fostoria
4-20
4-30
4-20
Mangel Stores Corp.
(quar.)
4-
3-16
Manufacturers
Co.
44-
1
3-
1
3-
1
Gas,
&
Frankenmuth
1
4l/2%
(Ky.)
Froedtert
Grain
$2.20
3-
9
Mascot
Oil
1
3-
8
Mastic
8
Maui
McColl
4-
3-15
4%
3-
2-23
Gair
6%
6%
Market
Malting Co,
2!/2c
6%
3-
1
4-30
4-15
Merchants
80c
(Julius)
&
3-31
3-12
3-31
3-12
6-30
6-11
30c
9-30
9-10
30c
3-31
3-31
(quar.)
(quar.)...
preferred
12-20
34%c
common
37'/2c
v. 28Yec
Co,
preferred
(quar.)
12-
3
3-15
3-15
class
Michael
_
preferred
6%
Controls
preferred
com.
(irreg.).
(quar.)
common
3-15
Molybdenum
3-
1
2-18
Monogahela
^
10c
4-
1
3-18
4-
1
3-18
preferred (quar.)___
Montgomery Ward & Co, common
25c
(quar.)
(quar.)
....
General Electric
General
Public
$5.50
$4
n
General
4.40%
General
1
3-15
4-
1
3-15
4-26
3-12
20c
(quar.)
4-15
4-
1
5-
1
3-31
5-
1
3-31
$1
(quar.)
$1.&0
$1.37Vi
(quar.).
5-
1
3-31
50c
——
3-30
3-
9
50c
3-31
3-12
55c
4-
3-15
'
Telephone Corp,
preferred (quar.)
Time
Instruments
common
...
(quar.)..
...
1
Morris
(quar.)
preferred (quar.)
A
40c
4-
1
3-15
$1.06y4
4-
1
3-15
Bank of
$5 pfd.
Mfg.
Murphy
(G. C.) Co, 4%% pfd.
Chemical, 6% preferred
preferred
preferred
preferred
6%
6%
Mutual
B
4%
3-15
Russell
5%
Securities
Corp,
preferred (quar.)
C.t
Co.,
preferred
(quar.)
St.
Z;
3-12
4-
1
3-10
4-
1
3-11
3-30
3-15
4-1
3-15
3-15
3-
5
5- I
4-
1
Bridge Co, Ltd.
Williams, Inc
preferred (quar.)_..___^___
L2—
Securities Corp. General, $6 pfd. tquar.)
4- 1,
4- 1
4-15
4-15
3-15
3-15
4-1
4- 1
4-1
3-8
3-11
3-20
-
*
common
(R. B.),
(Howard)
Smith
Common
50c
(initial
3-15
3-31
3-14
3-12
10c
4-
1
3-15
4-15
3-20
■■
■
4- 1
4--1
4-15
3-25
12%c
4- 1
3-19
;
4-15
4-15
4- 1
3-15
3-15
& O.
Corp,
preferred
Standard
&
Stern
%
Stone
&
class
6-17
9-16
12-16
3-31
Sun
A
(quar.)
—
Co
(quar.
cash
common.
A
4- 1
3-15
15c
4- 1
3-15
25c
3-10
3-
$1.25
3-10
3- 1
1
—
quarterly
Cos.
Transmission!
Products & Chemical
Thermoid
Inc,
Co.
3-26
3-31
,
'
3-26
3-31
3-20
4-
1
75c
25c
tlOc
12V2c
60c
75c
10c
20c
87 tic
12'/2c
4-
1
3-20
4-
1
3-20
4-i0
'3-22
,
'
i.
5T
5-15
3-31
*3-30
,
;
3",
'4-
3*16
1
It
40c
100%
3-
1
3-
1
3-17
,
6-16
1
4-
4-24
3-12
5
.'3,16
-3-31,
4-
5
:)3- 4
* qil8
■;5-i5
7-
75c
25c
15c
$1.13
,
;
9
-2r25
Sr24
13-
5
3-30
3-16
1
3-18
44-
1
3-18
4-
1
'3-16
4-
1
3-15
4-
1
3-15
4-
1
3-10
4-
1
3-15
Corp.—
(quar.)—
(accum.)
(quar.)—t
Engineering & Mfg. Co.. pfd,
Textron,
3-15
35c
1—
(quar.)
___,
preferred
3-15
1
+$5
25c
25c
<quar.)_—_—___——
of Canada—
Gas
8%-
1
4"!
Co.
Assurance
Tennessee
Texas
3-16
3-23
*■4-
56c
20c
-
—
Taylor Instrument
Extra
'
dividend)
—
Tennessee
37%c
„.
Co.
Corp,
4-20
25c
com
—
1
pieferred
Increased
1
3-19
4-15
18%c
Corp..
dividend
Life
3-15
10c
Corp.
Terstegge
Chemical
$4.50
Sun
3-.16
1
4-
$2
(sa)
(quar.)
(quar.)_:—
Engineering
3-17
Stock
3-.19
3-30
5
Inc, 3y2%
Container
Stratton
3-.19
4-1
t30c
$.$1.50
Corp.______
Drug,
3-10
4-1
—
preferred (quar.)_
Stern Textiles, common (quar.)___
preferred (quar.) —______—
Sterling
3—31
3-30
3-12
—
Co.
S.)
Products
Steel
3-31
4-30
5-15
Corp..:
4- 2
3-29
6-28
9-28
12.28
4-15
3-18
Stock Trust
common
Works
Oil
States
.
3-.10
4-30
.3-31
iquar.)
Ltd,
Silica
(L.
3-17
4-
4-
j.
N. C.)
1
Radio,
Starrett
3-.17
1
3-12
50c
Participating
Stanley
3-31
25c
&
Standard
2-20
3-17
3-17
3- 1
5-14
•3-17
3t12
Process.
*
^1//
$1.18%
20c
56'/4c
;
(quar.i
Steamship
Fruit
partic.
3-. 9
'
3-31
_:—
Franklin
preferred
$3
-
1
3-31
4-15
—
Factors
•
1
6-
50c
iquar.)_
Ry. Co. M.
75c
4-
Ltd.—
Co.,
(quar.i
Southern
J
3-12
$1.12%
(quar.)
/___
Power
Quarterly
3-20
4- 1
4
1
25c
Southern Fire Insurance (Durham,
Southern
1
3-
4-
3-15
Bag & Paper—
Canada
preferred
6%>
3-
3-12
50c
pfd.
quarterly
Extra
3-31
3- 8
3- 8
3- 8
3-20
3-20
3-.13
1
'
quar.)
4%%
Water,
Advance
common
3-13
4-
12%c
12y2c
30c
Pipe Lines.:.—
Penn
Increased
:
iquar.)
(increased
Oil
Penn
3-15
4-1
$50c
J50c
10c
——4
quar.)_
preferred
conv.
South
3-15
3-22
Paper Mills, Ltd.—
Snyder Tool & Engineering.-—
Sommers Drug Stores Co.—
-
3-18
2-21
5c
Inc
(quar,)
(quar.)
Common
3-J20
'iJ 4-
10c
preferred
4%
3-20
.
3-
$1.75
(irreg.)___
Shares
American
1
4-
83%c
9iy4c
$1.50
(quar.)__
$7 preferred
Southern
4-20
3-12
3-15
3-15
3-30
3-30
pfd.
3.35%
Co,
$3.65
Semler
3-10
$20c
50c
50c
Scovill
Selected
4-
$5
(quar.).
3-31
2-28
3- 5
3-20
3.20
4- 1
4- 1
3-10
3- 5
Co,
3-10
30c
—___
&
Mfg.
1
3-10
4-
_____—__________
__________
Scranton Electric
3-
3-30
3-30
4-
3-31
3-31
4-15
4-15
4-15
3-15
3-31
3-.15
40c
'5%: preferred (resumed)
Electric Co. (quar.)—
Sarnia
1
3-10
15c;
40c
Sangamo
Extra
4-
Ry.—
Southwestern
Louis
$1.50
(quar.)—
3-19
3/8
$1.25
$1.25
15c
$1.25
Pulp
$1.18%
common
1
-16c
Inc, common (quar.)
& Paper (quar.)
St. Joseph Light & Power, 5% pfd. A (quar.)
Helen's
St.
(quar.)
(irreg.)
8
1
■
<quar.)
(irreg.)—
common
Safeway Stores,
3-22
3-20
3-15
3- 2
3-15
;
)F.
(quar.)
(quar.)_
1
30c
;
_________
——
preferred
convertible
Strouss-Hirschberg
(Maryland)
3-15
3-31
:—
Extra
Studebaker Corp*
Inc., 6% pfd. (quar.)___
Straus-Duparquet, Inc.—
3-19
25c
Corp
Corp,, common <quar.)
3- 1
2-19
$1.50
$1.50
$1.50
37V2c
3-15
4-
$1.12%
Ages
3-12
3-15
(quar.)
3-31
1
t50c
110c
■
3-22
,,
of
Rome Cable
3-19
(quar.)—
Discount
3-17
3-25
Rock
.
3-29
4- 1
(quar.)
(quar.)_>
convertible preferred
National
5%
class
3-'
4-
$50c
(quar.)
(quar.)
4- 1
3-31
System,
Nathan
6%
Corp,
4- 1
3-31
preferred
$1.25
25c
(quar.)
<quar.)__
.
$1.75
$1.50
(irreg.)
New Haven
Corp.,
Mullins
6%
(quar.)_
(quar.)
Ltd.. (quar.)
Mills,
Cotton
3-15
$1.75
50c
30c
25c
31'/4c
40c
(interim)
B
-4y2 %
4 %
(quar.)_________
Plan
Finance
Motor
Nation-Wide
Corp.—
i
7%
Mutual
Refractories
Common
4/a 'fa
Corp.
Service, $6 pfd.
preferred
(quar.)
preferred
General
4-
37 %c
40c
Plywood
General
Corp. of America
Valley Water Co.—
3-31
60c
$1.12 Vi
Investors,
Co,
(quar.)
Rubber Co.;
3-26
3-13
Rochester Telephone Corp.—',
3-13
4- 1
4- 2
3-1
3- 5
3-3
3-15
3-22
Class
50c
convertible preferred
4V2%
Robinson
3-25
.v-X/Z-/''
(quar.)
Miller-Wohl Co, Inc., common________
Mohawk
2-26
15c
Michigan Consolidated Gas—
43/4 %
2-20
2-28
3-15
3- 2
.
44 1
1
4-15
(quar.)
pfd.
6%
3—15
3-10
70c
10c
1
A
class A preferred
partic.
$2
Pittsburgh
Corp._
Bumper
4-
Ltd.—-
Mills,
Silk
Standard
Bros.
Michigan
class
Works,
Water
West
____>
3-19
3-19
$1.25
60c
Metal Products
Rieke
Storage—
(accum.)
4
4-15
$1.50
15c
Richmond
South
25c
3-15
3-15
-3-
4-15
4-
Corp.—•
Cold
&
3-31
4-
Standard
iquar.)
5c
31'/4c
t$1.50
f75c
3- 8
4-
(quar.)____.
South
(initial)
A
Ice
preferred
Class
General
Acceptance
'
(irreg.)
preferred
3-15
com.__-_
3-15
3-31
3-15
3-31
3-15
fl5c
_■___—62%c
Republic Pictures Corp.. $1 conv. pfd. (quar.)
25c
Inc.
Motors,
3-15
3-15
Metropolitan Paving Brick Co
5
30c
-
6%
4-15
10c
30c
:
,
4%%
$4.50
:•
3-
50c
(quar.)—.
....
5V2%
American
4-30
55c
,___•
Corp.
preferred
conv.
3-15
preferred (quar.)
General
5y2%
8
Merchants
Storage..
common
preferred (quar.)
preferred (quar.)
Gary Railways
3-
__L
—
-r—-
1
<quar.i-_
Ltd,
4- 1
4- 1
$1
25c
25c
25c
15c
,:133/4c
62y2c
4c
30c
15c
(quar.)
Corp.
Textiles,
Southern
___.
3-19
$1
& Co., $1.25 prior pfd.
Stores
lc
Co.__
3-11
3-'20
4-1
Co
10c
37'/2c
(irreg.)
Ltd.—
(quar.)
Corp.
Bit
(Robert)
Reliable
Co,
Publishing
Candy
$1.25
___
(quar.)—,
6%
Garfinckel
3-16
._
McPhail
Inc.—
(quar.).
Co,
prelerred
3-31
Ltd,
Oil
,
62V2c
$1.12'/2
;
Steel Corp
Extra
3-23
4-22
prelerred
12'/2c
&
Cold
(Robert)
3-30
3-24
3-24
,
;
Frontenac
McGraw-Hill
3-13
4-
25c
Co.
Agricultural,
McLouth
3-15
4- 1
v> 4-1
4- 1
4- 1
4- 1
3-10
3-29
$1.75
$1
(quar.)
Asphalt Corp
4-
4- 1
Reo
Roller
4- 1
60c
(quar.)
preferred
(quar.)
3-19
3-15
(quar.)
preferred
Fulton
preferred
5
t35c
Co. (quar.)
Natural Gas (quar.)
Y.)
(N.
Maryland Dry Dock Co.—
Common (increased)
(quar.)
3-
(quar.).
Trust
Water
3-
3-15
112%c
(s-a)
(quar.)
Co, 7%
Marlin-Rockwell Corp.
1
4-
(auar.)
Canada, Ltd.
Brewing
Frankfort
Common
Ltd.
Steel
of
Co.
Co.
Magnavox
3-13
3-23
25c
Pressed
Foundation
(quar.)
3-25
'
Foothills
preferred
1
4-30
4-
Renfrew
Reed-Prentice
3-15
50c
50c
20c
13%c
2ac
25c
participating preferred
Drug Stores,'common (quar.)
$1.50
3-
12%c
$1.25
3-15
1
3-19
(quar.)——
3- 1
25c
Lynn Gas & Electric (quar.)
■:
MacFadden Publications, common-
2
3- 3
.
37'/2C
$1.25
31'/4c
!_
.
1
3-31
4-1
preferred (quar.) ______—
Co, $2.40 conv. pfd. (quar.)
prior
Scott
preferred (quar.)
preferred ($25 pari (quar.)
Lunkenheimer Co. (irreg.)
5
3-23
preferred
Reed
,
5%
3-31
1
(Ky.)—
Co.
5%
8
3-15
1
3-15
Electric
&
Common
5
3-12
3
3-17
3-15
4- 1 :
Louisville
Gas
Co.
Service
4%
3-22
3-22
44-
$1
(quar.)
Raytneon Mfg.
3-12
5-12
1
3- 1
iquar.)
of Oklahoma—
3-15
3-15
4- 1
1
>4-
,
6%'
3-19
3- 1
1
3-' 1 *
3-fe0
4-
4— 1
pfd. (quar.)
pfd. (quar.)—
5%
4- 1
4-
3--15
4-1
3-15
3-10
Corp. of Canada, 6%<
non-cumul. preferred
Power
4-15
6-
3-31
52c
$1.75
37l/2c
20c
Co.
Transit Co,
Portland
Reis
quar.)
3-15
4-15
Puget Sound Power & Light—
30c
<
(initial
3-i9
3-31
10c
'
—_
3-15
2.20
20c
B
preferred
4-
Co
Corp,
1
3-31
3-29
37%c
25c
(quar.)
_____—___
3-10
18%c
Lipton (Thos. J.), 6% preferred (quar.)___> >
;;371/2c
Locke Steel Chain Co.
(quar.)
.-w;
;';';40cLonergan Mfg. Co, class B__;
10c
Los Angeles Transit Lines (quar.)
> 12y2c
75c
25c
—
(reduced)
Mineral
3-15
20c
$1.183/4
(quar.)
(reduced)
A
Class
3-19
30c
_
(quar.)
Co,
4-
15c
62 %c
35c
30c
(quar.)
Fiduciary Trust Co. of New York
Florsheini
3-19
Co.—
Ferry Cap & Set Screw.—
Florida
1
1
Loan
Mining
Polaris
30c
(increased),
class A
Refineries, Inc.
Liberty
Marion
(quar.)„„
Tarrant
4-
60c
.
(quar.)
preferred
&
(irreg.)
common
(quar.)—
convertible
4%%
5%
—
Co,
Department
Federated
Felt
Shops
pieferred
Federated
___£_
(quar.)
Leonard
3-25
25c
50c
$3.50
12%c
$2.50
25c
25c
75c
50c
15c
$1.50
$1.50
50c
$1,061/4
,_
;
3-10
3-20
10c
-
Ely & Walker Dry Goods (quar.)
Emporium-Capwell Co., common..._„.
7% preferred
(quar.)— u
Ero Manufacturing Co.
(quar.)—.
5
35c
—_——
—
3-
20c
Fund——
Fund
Works
Oil
3-15
4-
3-19
4-15 '
20c
$1
V
'
4—-—
4-1.
50c
—___
$1.25
4-15
Transportation—
3-29
<
50c
(quar.),
4-15
8
$1.12»/2
preferred (quar.)
$4 lion-cumul. 2nd preferred
$5
$4
20c
10c
t25c
5c
50c/
25c
—
Corp. (resumed)—
Co.
(increased)
Electric
Leland
3-20
1st
4-1
4- 1 it
33c
.■
Co.
Realty
—
$25c
—20c
2
;
3^15
30c
(John),
.
Eaton
Inc.
3-18
4-
—
(quar.)
4- 1
3-10
60c
series S-l
Ltd. (quar.)
Laclede Gas Light Co.__^
Labatt
Co.
Stove
Riverside
(quar.)—_— — —
(quar,)
Knudsen Creamery Co.
3-
1
25c
—
3-15
3-25
(quar.)
3-31
.
.
$1.50
(quar.)
(quar.)_
3-20
3-15
_____
Public
$1.25
.
3-31
—
>
50c
—
B-4
Kilburn
3-10
3-31
—
preferred
conv.
Keystone Custodian Fund,
3-" 8
1
Corp.
$4.50
Oil Industries, Inc.—
Kerr-McGee
1
4-
Philadelphia Dairy Products Co, Inc.—
4- 1
4-1
3-10
3-15
3-20
4-1
pieferred (quar.)____—$1.75
7%
•
lquar,|
Perfex
3-19
5- 1
5-1
25c
75c
25c
50c
Joplin Water V/orks, 6% preferred (quar.)
Kansas Electric Power, 5%
pfd. (quar.)..—
Kaynee Company,
Perfection
5% preferred (quar.)
Phillips Screw Co._
Pioneer Suspender (quar.)
Plough, Inc. (quar.)
■.—__
3-18
3-15
92 %c
4%
___
■
$1
preferred (quar.)__
Delta Electric Co.
(quar.)_
25c
Detroit Mortgage & Realty (quar.)—
lc
Dominion Foundries & Steel, Ltd. (quar.)—
$35c
Dominion Glass, Ltd.,
common (quar.)
$50c
7%
preferred
(quar.)
t35c
Donahoe's, Inc., 6% preferred (quar.)37%c
Dunn Steel .Products
(irreg.)
10c
Eastern Steamship Lines, common, (quar.)—
25c
$2 convertible preferred
(quar.)_
>___
50c
preferred
(quar,)
common
4-
97'/2c
20c
pref.
pfd.
.
3-19
(quar.)
3-15
Delaware
3.70%
Machine
Lamson
&
Jones
Water
3-30
3-30
(quar.)
6
3-15
50c
25c
____
3-
3-
common...
$1.50
preferred (quar.)
Works, 7%
$2.10
8
3-; 8
1
Pennsylvania Engineering Corp
Pennsylvania Telephone Corp.—
Peoria
3-. 8
3-
4-
:—
(resumed)
Corp.
3-24
3-24
$1.50
(quar.):
Investors,
American
Penn-Federal
5
13
1
preferred
G"r
Pan
75c
25c
3-
$1.121,2
$1.25
Telegraph,
&
40c
f$1.75
t83/4c
common
Telephone
4-
4-
(quar.)
Electric
&
3-22
——t-
3-31
4-
$1.
-
__
Delaware
5
3-15
6
50c. .,4-
(qqar.iT—
n
'
87V2C
$1
25c
(s-a)
—
—
Hook & Eye Co.
3-17
25c
25c
(quar.)———_,
Stores
3-17
3-31
of
Supply,
Water
Gas
Pacific
3-20
'
(quar.)_
of America
—
4- 1
(quat.)
—...
$1.25
Jamestown Telephone Corp.—6% l$t preferred (quar.)
—
,
$1.50
5% preferred A (quar.).—————..," $1.25
•Jefferson Electric Co
....
—50c
Johnston Stephens & Shinkle Shoe Co.—
Quarterly ...
—
——
>.
25c
3-17
3-31
Co
America
Co
37J/2c
pfd.
$5
3-31
Shoe
conv.
Paper
Philadelphia Suburban
$1
3
—
Supply, Ltd.—
prelerred (quar.)..
3-4
2-28
(quar.).
Co.
Investment
4-
10c
Co
preferred
Co.
Insurance
Beauty
4-1
3-15
(quar.)—-;.International Nickel Co/ of Canada, Ltd.—»
*25c
75c
1
(resumed)
common
$1.03'/8C
t$6
prelerred
3-12
4-
(quar.)
Pacific
3-31
4- 1
4-1
$$3,75
30c
(quar.) ..L—..u.
.Common
4%
tlGVSc
(quar.)—
common
—
prefer, (annual!—
Products (incr.)—
International Minerals & Chemicals—
5-15
(quar.)—
Dayton & Michigan RR. Co.,
8%
preferred (quar.)—
(quar.)
Ingram & Eell, Ltd, 6%
International Cellucotton
40c
(quar.)———
(Boston)"—
class A
preferred
4Vb'fa
& Power
Co..
Liie
Line
Pacific
4-15
3- 8
3-,6
5- 1
3-18
3-12
•-
1
—
Partic.
3-12
3-20
4-
class A___~
Co,
Public
Ontario
3-20
3-30
4- 1
30c
40c
50c
...—
6-1
Trust
3-31
25c
50c
——
(quar.)——
$1.50
50c
—
50c
—
Life Assurance Co. (Toronto) —
Quarterly
...
.....
—
Imperial Paper & Color_..
...
—.-—
Indiana & Michigan Electric Co.—
3-11
4-15
4- 1
4- 1
-
„
25c
-
3-15
25c
•
3-16
3-16
3rl9
$25c
t$2.50
-
2-29
1
3-20
(quar.)
Co.
Lighting Corp, $5 preferred
Pacific Fublic Service (quar.)
———
3-15
3-15
prior
5%
Old
Light
3-18
3-18
preferred (quar.)
preferred <quar.)
Service, 3.9% pfd.
4y2%
Ohio
3-15
2-28
4-
3-30
B
Finance
Ohio
3-7
25c
(quar.)
Leather
Oxford
—
(quar.)
Inc.
Brass
Class
Mills
Paper
Scotia
Nova
Ohio
3-20
3-20
3-20
3-31
3-10
Imperial
3-11
1
Inc.
Northern
(irreg.)
Co.
Gas
Northwestern
3-10
3-10
'
$5.50
—50c
3-15
(quar.)___
(Harvey),
Shore
North
3-10
3-U
3-15
3-10
3-12
1
;—
Intefest___L______
of
3-15
3-25
—
3-15
Bearing—
&
Certificates
3-18
4-
.
(quar.)
5% prior preferred tquar.)
Noblitt-Sparks Industries, Inc.
North American Bond Trust-
3-19;.
3-15
4-
$1
$1.12y2
$1.25
40c
(quar.)
preferred
4%%.
4- 1
Sash & Door Co,„
Huttig
4-
$1.50
(quar.)
*____
(Pa.)
Hubbell
3-11
4-
Ball
Common
4- 1
—
3-16
1
(Ohio) —
45c
—
4-
2
4-
Inc
Magazine,
Telephone Co.
91'/4c
_—.—_—
Creamery Co.
Gas Co, Ltd
Yoiker
i
Corp.....
Motors
Holder's,
3-20
1
4-
1
(quar.)
Extra
4-10
$1.37Vss
Drug Stores
—-—
D. W. G. Cigar Corp.
(irreg ) ——
—
Daniels & Fisher Stores (irreg.) ———__
Long
Honolulu
3.20
Cunningtam
De
Hershey
3-15
3-31
preferred
Dejay
3-15
1
4-
-:i
—
$1.50
_—$1.75
Ltd.,
Co.
Records,
Hercules
3-31
.
(quar.)
preferred (s-a)_.
3-10
3-31
Glass Works, common—
—
preferred 1947 series (quar.)——
Decca
5%
2-17
Co.—
Power
Sexton
Common
3-11
1
3-20
1
3%%
&
1
3-
4-15
3%%
Cribben
4-
3-31
$1.75
$1
25c
(quar.)—...—
common
(quar.).—
Hendershot Paper Products, Ltd.—
4-15
(quar.)__
Co,
J.)
preferred
2-28
4-15
$1.12%
$1.50
(quar.)
3- 2
Heinz
f5c
pfd.
(H.
RR.
3-15
3-15
3-10
4-
(quar.)
Co.
1 rust
50c
3-16
3.65%
New
Newark
Ltd.—
i-—
—
1
tlOc
(quar.)
Corp
3-30
4-
3-30
Baking Co., common
preferred (quar.)
Corning
Commercial & Sugar Co,
common
Irregular
4-10
Continental
$5.50
Mfg.
Hawaiian
1
pfd.
0%
Investment
Gas
Consumers
Haskelile
3-10
8
(quar.)__
Press,
3-10
4-
(quar.)—.
preferred,
(quar.)
Consolidated Cigar Corp.
Consolidated
3-25
3-25
3-
6%
Consolidated
3-20
4
3-
1
Light—
&
Corp.,
River
3-20
3-31
$1.75
-
——
5%%
Water,
Commonwealth
$6
3-31
Corp,
York
Northern
London
New
3- l
4- 1 y
4-1
3-29
4- 1
4- 1
4-15
3-24
3-31
$3
$1.50
15c
$1.25
$l,12,/2
12%-c
12y2c
<quar.)__—
5% 2nd preferred (quar.)—-—,
Harrisburg Gas, 4% % preferred (quar.)
Harrisburg Steel Corp. (quar.)
:—
4-15
$6 preferred B
Alcohols, Ltd., common
Conlon-Moore
6-18
—17'/2C
(quar.)
$1.50
Commonwealth
'/
3-22
1
3-18
(quar.)
pfd.
7%
(quar.)
pieferred
8%
'.i.
Western Brewery (irreg.)
Guaranty Trust Co. (quar.)
Guilford Realty (Maryland), 6% pfd. (quar.)
Griesedieck
9
4-
50c
$1-50
(quar.)
(quar.)
Mills
Clinton Water Works,
Clopay
Co.
•:
(quar.)
preferred (quar.)'__
England Power, 6%
New
3-22
3-22
,4- 1
10c
$1.50
:, 75c
^
Ltd
System
Electric
England
New
•/;,
(quar.)
*
Greenwich Water System, 6% pfd. (quar.)..
Harnischfeger
7%c
67/«c
17'/2c
Multiplier Corp., common (quar.)—
5%%
convertible preferred
(quar.)
Cleveland
4
7-
20c
(quar.)__
Builders Supply
4
4-
$1-75
10c
—
Co
Clary
Clopay
6-14
66-
■
8
—
(quar.)
Insurance
Controller
Clark
—
3-
6-14
$1.12
50c
Quarterly
:
3-
$1
$12c
25c
Eng.gnd Gas & Electric Association—
4>/2%■ convertible pre.erred (quar.)
3-13;
3-15/
4"15
Investment Corp.—
Britain & Canqda
3-22
New
3-18
3-15
30c
Quarterly
l
3-12
$1
$1.75
Chicago Towel Co., common—
7% preference
(quar.)
Cincinnati & Suburban Bell Telephone Co.—
3-19
4-
50c
——
1
«;
Great
2%c
(quar.)
3-19
3-10
$L21
Co.
Transit
Charleston
3-19
1
3-10
$1,12/2
(annual)
A
Rivet
Cherry
1
Sugar,
&
1
dividend*12%c
Common
(stock dividend)
———2 fa
Certain-Teed
Products, common---—15c
(quar.);
——•—
Commerce Building Corp.—
preferred (quar.)$1-12/2
Stock Telegraph (quar.)—
$1-50
Golden State Co, Ltd. (quar.).
40c
Gorham Manufacturing
75c
Great American Insurance Co. (N. Y.) —
$4.50
Gold
3-31
(cash
prior preference
3-17
4-
preferred -(quar.)$1.50
Century Electric Co., com. (cash dividend)I2%c
4%%
Godchaux
3-15
4-
f
3-15
4- 1
4 -I
4- 1
4- 1
4-15
$1
3-16
1
4-
6%
Common
(quar.)...—
Inc., class A (quar.)
1
4-
30c
8"%c
(quar.)
common
iquur.i___
preferred
7%
3-27
4-
1^02/2
$1.02/a
(quar,)
1
New
35c
(resumed)—
Telephone (Ohio)
Telephone,
Brunswick
New
3-16
3-20
3-1
3-19
4- 2
87/2c
15c
20c
$1.75
Newark
Payable of Rec
Share
Company
Union Fire Insurance...
National
3-19
3-19
3-1;
3-31
3-31
3-10
9i/lc
$1.06 A
50c
3-31
$1
32%c
(quar.)^^-_--~--w„r---
A
B
Power,
Maine
Central
3-16
1
1
$1.18%-.,;
$1.75
(quar.)—i...—■
•.-f—r' ■'
Hanover Bank & Trust Co.
(quar.)*.
Illinois Electric & Gas, com. (quar.)
Central
3-
3-31
4-
Process______~-_,
Franklin
Central
3-10
Tire
3%%
4-
+40c
40c
Ltd
Celanese Corp. of America, commoa.,.j—i
$4.75 1st preferred (quar.)
Castle
General
3-15
3-15
4-
<quar.)_—$l-"a
preferred
7%
1
I
Name of
:y
Holders
When
Per
Holders
Payable of Ree.
3-31
3-19
share
81«/4c
& Rubber, 3'/4% pfd. (quar.).
preferred (quar.)
———4>/4%
preferred (quar.) ....——Georgia-Carolina Brick & Tile Co. (quar.)
Ghbert )A. C.) Co, $3.50 preferred (quar.).
Glen-Gerry Shale Brick (quar.)
Globe Knitting Works
(quar.)
4-
4-
40c
Co., common———
"1
Company
Name of
Payable of Rec.
Share
$1
$1.50
60c
Company
Mills, common (irreg.)
preferred A (quar.)
--——
preferred B (quar.)
—
Carthage
When
Per
Holders
When
per
>
Monday, March 8, 1948
& FINANCIAL CHRONICLE
COMMERCIAL
THE
(1084)
48
*
Vf
'.•.vrv^v
Ffc
>VV(0^7"T
$2.30
(stock
pfd.
dividend)
10c
$6
57%c
5%
3-10
4-
1
2-26
3-15
3-15
Volume 167
//
Number 4679
"
RCIAL &
,THE COM
FINANCIAL
~V/"
CHRONICLE
Name
■.■
•Thar
of Company
"'///'■•.
Share
/
Corporation
'■
t:y
Amprj^h
3-31
4-10
$1.12Va
Thrifty piug Stores Co.,Zi'A'A Pfd* (quar.)
4
Vj(-% preferred B <quar.)/___-_L____;____V $1.06 >4
Tide- Water
Per
Payable of Rec;-.s
50c
----
Holders
When
Per
3-1
.
V
3-1
3-31 •
3-31
>
Share
F«k '$t Ho®, cbmmon________
Common
When
Associated
i>td'.
Bros.,
Toronto
Geqprai
$1.12%
Toronto
Iron
Works,
6ojc ^participating
Ltd.,
(quar.i
common
dividend)
(cash
(quar.)
25c
4-
1
;
4-
3
< : 3-is
3-15
3-15
J15C
4-
1
3rl5
4-
4-
1
....
3-15
fl5c
4-
i
•
3-15
4-
_
lquarj____—_—
class A
341
#48
3-31
30c
.3-18
fl^p
31V4C
1
4-15
3-15
$1.183/4
,
3-10
Bracb (E. J.) ,$5 Sons
3-31
3-16
3-31
3-16
75c
—
3-13
2-2)
"
(reduced ..quar,)';
$1.50
cony,
$4.50
prior
Twin
Coach
Co.,
Fuel
class
6%
United
U.
S.
Gypsum
Corp.
Co.,
preferred
S.
33A',r'
4-
I: j
'
3-15
75c
3-12
2-26*
10c
4-
1
3-15*
25c
-
75c
4-
i
4-
1
4-
4-
1
;
3-15
■/'
Amepican
4-
Cash
3-20
3-
1
3-16
American
3-15
2-28
Amepican
2-28
3-15
3-15
5c
Canada,
preferred
4V2%
3-
Class
$4
//";
(quar.)—J
t57c
4-
3-
1
8.
hi V2P
3-31
3-20
20c
3-20
3r
$2.50
4rl5
3-31
/
3-15
3-20
5c
4-
1
American
'
W.-(special)
3-12
4-15
3-19
Wart) Baking
Cp., common__t__
5%'/f preferred (quar.)
Washburn Wire .Co. {qua?* 1 --I-////Z-+-Z/--.
"Watefoti?;,
(quaf.)
"Weber* {Showcase fe .Fixture CO.—.-Cdmnion (quar.) _"_/___
1
15c
:4- 1
-
_
4-
$1.37 Va
._
•>>•" 25c
,-67f
15c
4-
20c
,
3-20
ioc
3-31
'
$1.75
3-30
'
Department
Stores
Grocers, Ltd., class A
"$MQ-preferred (quar.)—
Wichita
___/
4-
1
Lovett
&
25c
4-15
(quar.)__
$1.75
4-15
4-
4'/2%
preferred
3-10
3-
3-19
3r
(quar.)—
$
':3-I5
$1.12%
—
3-
4'/2%
$5
American deposit receipts
Wyspng, & -Miles* Co.
Yale
Towne
&
.Yolange
3-7
10c
3-15
3-
25c
4-
3-15
Mfg
Corp..
4-
20c
(quar.)
1
1
,
l-3p
Namepf
Company
A.' jr. F., Inc.' _/
;
Abbott
Share
3-16
$4
Art
3-15
3-
4-
4-
30c
i
'
$1^50 preferred
$2.50
prior
(quar.)
nv/20.
(quar.)
Class, A
5'fe\
57f
preferential
tir#f*rrf»ri
fnnar
partic
125c
Steel
^(interim)_^_
1
Addressograph-Multigraph
Corp.
(quar.)
Bearing Co., common—
5% convertible preferred (quar.)—
Aetna Standard Engineering, pomraon!
5%
preferred (quar.)
Adams (J. D.)
Mfg. Co.
Youngstown RR.,
5% ' preferred
Alabama
—_
Laboratories.
&
Dye
(s-a)_
i_
——
(quar.)
Portland Cement
Aluminum Co/of America,
preferred
4%
Co.
preferred
!
*
:
(quar.)
3-31
4-
50c
4-
$2.50
1
i
1
40c
1
3-31
3-
3-15
4-
1
3-12
4-20
3-18
40c
3-31
3-
5
3
■
1
1
Z.
1
}25c
6-
1
5-
(irreg.)
20c
4-
1
75c
(Del.)_
3-15
1
Co., 7% preferred (quar.)
Casualty Co. (Reading Pa,)—
Increased
1
;
preferred
American
-! American
75c
3-29
4-
3-
4-
1
3-
8s
$1.75
4-
1
3-18*
;*/•
4-
35c
3-15
3-
5
3-15
3-
5
50c
3-15
3-
1
$1.25
(quar.)
20c
$1.25
(quar.)
(quar.)
Chicle Co.
3-15
3-
1
1
1
3-23
Extra
6%
$1
preferred
(quar.)
Coach
&
Body
3-15
3-
$1.50
3-31
3-15
25c
American
Colcrrtype
American
Cyanamid Co.,
3V2%
cony,
Co.
3-31
3-19
30c
;
Co._—
(quar.)
common
(quar.)
3-15
3-
1
25c
4-
1
3-
4
preferred A (quar.)__
Lines,
Inc._
Ltd. (irreg.)
American
Export
American
Factors,
American
Felt
„—
87J/2c
4-1
3-
4
50c
3-12
3-
5
30c
3-16
2-33
Co.
Cigars,
Brummell
Beech
Creek
faccum.)__
Beech-Nut
Telephone
Berhoft
4%
(quar.)_____
Best
Foods,
Steel
Co.
Mfg.
6%
Co.,
preferred
$7
preferred
—
(accum.)/
75c
(accum.)
3-15
3-
$1.50
common_______i
(quar.)/
4-
1
3-15
$1.50
3-11
2-18
$1.75
3-11
5
2-18
Blaw-Knox
Co.
(qiiar.)
3rl5
Canada
-
1
J25c
4-
1
4-15
«2
(quar.)
'
3-16
50c
W*Cfement
3-15
3-31
25C
Cor^>___
110c
50c
(s-a)
(quar.)
4-
Co.—
50C
7%
pfd.
(quar.)
$1.75
50c
(quar.)
(quar.)
—
"
1
4-33
4- 1
4-
I
4-
1
25c
3-30
30c
3-15
$1.50
3-15
50c
3-31
25C
3-15
*
:
2-20
i5c
4-
3-21
3t10
60c
3-15
3s
1
3-15
3-
1
4-1
3-10
3-15
3-
1
3-15
8-
1
3-
5
10c
3-15
1
3-19
1
3-20
$2.50
3-31
3-15
50c
3-10
2-28
34% c
_
Z
:
Foundry
4-
$$1.12%
4-
A
3-20
HOC
3t
5
3-
5
v
3-20
2-20
3-
1
15c
4-
1
3-15
$1.06 >/4
V
4r
1
3-15
137'/2C
Ltd.
3-15
2-27
$50c
3-15
2-14
$15c
4-26
3-19
(quar.)
(quar.)
.
(s-a)
.'
$75c
(Toronto)
Cable
Co., Ltd.—;
4r
1
3-
1
4-
1
3-
1
4-
1
3-15
1$1
Corp.
125c
$$2
Mtge.
3-15
—
v
(quar.)
(quar.)__
.
3-15
2-29
4-
1
2-27
4-
I
155C
:
150c
Co.
/
3-
1
3-
1
'
3-
1
4-
(quar.)_____
2-27
2-27
4-
2-27
1
4-1
3-13
3-31
4-15
117 y2c.
$20c
3-31
120c
4-
1
$$1.50
4-
1
4-
1
3-10
$$1.25
4-
1
1$2
pfd.
Pacific Ry, Co
Silk Products Co..
Western
Lumber
quar.)_
(quar.)
:
v-
4-
1
/ 3-10
3-31
2-23
—
175c
——
Ltd.
(quar.)
Co.—
$37V2C
—
4-
3-18
-
1
3-10
3-
1
/
$10c
4-15
3-18
7-15
6-17
'
$10c
Wirebound
V
3-15
1$1
(quar.)
(increased
,
3-1
1
4-15
4-
.$$2
.
1
4-1
425C
1
4-
$183/40
4quar.)
1
4-
_____
—
Ingersoll. Rand
Ltd.—
Boxes,
$37 y2c
(quar.)
A
2-29
125c
150c
Investments, .Ltd. (quar.)
:/
:
__//__
Machine Co.-, Ltd.—
class
1
$32»/2C
(quar.)
General
Ice
1
4-
162 %o
:
4-
3-10
1
3-
50c
3-15
50c
3-11
2-27
25c
3-26
3-
35c
3-31
3-16
$1.25
3-31
3-16
(quar.)
&
I.)
(J.
General
Co.,
Corp
Cold
Storage
Illinois
Light,
Illinois
Public
preferred
Central
Paper
Central
Steel
5c
Chaniberlin
Co.
of
Candy Co.,
6%
pfd.
Extra
Mfg.
1
3-
5
3-31
3-19
3-20
3-10
4-
(N. Y.)
50c
(quar.)
4-
1
4-1
/
,
3-20
3-20
4-
1
3-16
45c
4-
1
3-15
3-29
3t 8
3-29
3-
8
4-
1
3-
8
5-
1
4-
8
50C
(quar.)
*
3iy4c
_
Chesapeake & Ohio Ry., common (quar.)__
3%%
convertible .preferred (quar.)
3-15
1
4-
25c
_
1
2-17
3-10.
1
25c
(quar.)
common
3-
3-10
$1.12%
/
,
1
4-
25C
—
1
3-19
1
3-12
10c
(quar.)
3-
3-15
15c
America
Co.
3-
3-21
$1.12%
(quar.)
Chemical Bank & Trust Co.
3-
3-31
75c
(quar.)_
(quar.)
5% convertible preferred A (quar.)
Chefford Master Mig., 5% pfd. (quar.)
Chesebrough
3-12
1
3-20
40c
(quar.)
Chapman Valve Mfg. Co.
1
5
3- 2
25c
(increased)
Champion Paper & Fibre, common
$4.50 preferred (quar.)
Chase
33-
15c
Wire Co.,
prior preference
3-12
1
3-15
$1
Corp. (Calif.)
Mills
Certain-teed Products
4%%
pfd. iquar.)__
Service, common
3-31
3-12
v
>
4-
«
$1.12%
4Vs>%
8
3-16
15c
40c
(quar.)
1
4-
5
3-16
1
1
4-
$1.75
t$1.75
.
(quar.)
Century Ribbon
44-
=
40c
(quar.)
Co.
&
Co.
4-15
50c
—
common
3-3Q
12 %C
•
3
l
(quar.)
Power
Central Investment
4-
.
3-12
50c
..
:
&
Extra
4%
J15c
;
_
Mfg. Co.
i-'
4-15
Forgings, Ltd.—
Central
$i
Decker
'
3-
/
:
Central
Extra
Si
-...
Central
Bingham-Herbrgnd Corp., common (quar.)_
5%
convertible preferred
(quar.)
Birmingham Gas Co.. common
Birmingham Water Works, 6% pfd. (quar.)
Black
3-19
"./•
63c
7% preferred
(quar.)™
Cassidy's, Ltd., 7% preferred (accum.)
Central Bag & Burlap (quar.)
(quar.).
(quar.).
Corp.,
3H9
4-16
(quar.)
(increased)
com.
Canadian General Electric
Case
(quar.)
Inc. (irreg.)
Bethlehem
1
15c
(reduced)
Carriers
preferred
Bibb
3-18
1
4
■
23/4%
(Philip) Mig. Co., common (quar.)__
preferred (quar.)
yCarrier Corp., 4% preferred (quar.)
common—
:
Limestone
4-
'
-3H9
3-19
•'
:•/••
pfd.
v
.
4-H
50c
y
5%
(quar.)
Brew imp
Bessemer
••,<•.„•:
3-15
2-27
1
.'At 1
4r 1
■
31 %c /
$1.75
,-,*:
__
2-25
|
1-30 :/.
3-15
"V
,
3iy4c
.
Carey
Inc.
of
5%
i--
2-71.
3*rl5 ;
3-10
4-
$1.50
•
■■
3-6
.
Carpenter Paper Co., common
(quar.)
Co.
A.
25c
Carey Baxter & Kennedy
Belleterye Quebec Mines, Ltd.
Aviation
3-1
Carpenter Steel Co
(quar.)
57/ preferred
25c
15c
Common
Ltd.,
common
(quar.)__
preferred (quar.)
Belgium Glove Si Hosiery Co. of Canada, Ltd.
Bell
2-25
5-19
3^11
20c
Canadian Food Products, LtcL, com.
■■■i..*;3.:$l convertible class A (quar.)
-V
4y2 %. preference (quar.)
1
Canadian
7%
Common
3 10
"47'., 1
i
/. -IlC./
(reduced).
Canadian
Belding-Corticelli,
-
2-18
Ltd.—-
preferred
Class
quar.)
8-20
75c
Canadian OiJ Cos., Ltd., 4%
5 %
preferred (quar.)
8% preferred (quar.)
(quar.)__
;
'
(s-a)
A
Canadian
(increased quar.)
Co.
Packing
6%
$1.50
Ties,
&
Co.,
Permanent
Canadian
(quar.)_
3-1
4- '1
3-15
75c
/
2
2rl6
3-15
•
,
.
.
■v
(quar.).
(Increased
8-15
$1.25
90c.
Ginger AJe, common
(quar.)
(quar.)
B
Canadian
Ltd.
4-15
v,;; 20c
35c
;
•
2-27
4-30
__Z
$$1.12 Va
Canadian Foreign Investment Corp.,, Xtd.=—
f
,:•■;> Quarterly !_/
—.'_/_//
$75c
■:
Canada,
3-
3rl0
90c
t30c
/ 25c
Common
Optical,
(quar.)
Inc
RR.
*
.
_
_______
American & Foreign Power, $6 pfd.
2-21
(interim)
3-15
30c
(quar.)
$2.50
Cannon
&
Foundries
Canadian
Lomb
&
Bendix
(quar.)
'
American
Oil
preferred
Beau
8s
1
3-16
preferred
Bayuk
3-12
40c
Cigarette & Cigar Co.—
Common
of
Beatty Brothers, Ltd.
American
5%
Co.
2-18
ivy
Canadian Breweries,- Ltd. * (quar.)
Canadian Cottons, Ltd., common
Extra
___//__
2-26
(quar.).
(quar.)
(Ludwlg) & Co.
4%
3-25
4-
Co.
CorpCo.
H.)
Co.
preferred
Dry
Canadian
Bausch
-*
1st
Class B
«
1
4%%
Wyant
,Quarteily
Class
(quar.)
Y.)
3-10
8t*10
Bread Co., Ltd.—
Canada Wire
____
2-21
75c
iquar.)__
American Can
common
(N.
2-28
3-10
50c
Packers.
$1
Refractories (quar.).
Bastian-Blessing Co.
Bates Mfg.
Co., common.
3-16*
*l5c
Chain & Cable,
Co.
2-28
3-15
50c
Northern
■
30c
.
Baumann
Agricultural Chemical >Co.
American !Bank Note Co., common
American
(W.
Barnsdall
;
(initial)
'
Basic
3-10
4-
Trust
Extra
2-20
933/4C
$1.50
(quar.)
(quar.)
Asphalt
Barber-Ellis
4*
3-10
preferred
Barber
2-14
50c
'
_______x_____//_—/_
preferred
preferred
Barber
2-17*
3-10
convertible
Mills
Service
Malting
Canada
Andes, American shares
(Joseph) <k Sons__—
7%
3-15
common-.—
$1.50 participating class A
40c
RR.—
2-26
(quar.)
Canada
37V2C
1st pfd.
7
15c
preferred
Canada
(quar,)__
& Aroostook
Bankers
3-5
1
Canada
Class
Co._/_
Wilcox
&
2-26
4-
Va %
•v..:/
r
5% cjass B (quar.)
30c
(quar.).
Engine
7
7
15c
——
Water
Class A
*.
Inc.
,
47o
3-11
3-20
25c
common
$5
Co.,
Canada
Bangor Hydro-Electrip Co., common
;•
8
4-
1
.1
De Los
Bancq
Bangor
3-12
4-
3-10
•
(quar.).
Diesel
4-
cqmmon
Canada Cement Co., Ltd.. $1.30 pref.
Canada Crushed Stone, Ltd. (quar.)
$1.06 V*
Co.
(quar.)/
(B. T.)
Bancroft
9-15
"4-
//
__/____
A
preferred (quar.).
Ppwder Co.
Electric Service, Li(d., com.
Babcock
3-15
10-
4ya%
3-17
__i
'Baltimore Brick Co., 5%
3-15
$1.05
$3
Imperial
Babbitt
3-15
I
4- 1
Canada
3-15
(quar.)
2-26
2-26
50c
_—
Campbell
3-15
Avon Allied Products, Inc., A% pfd. lquar.)
Aysbire Collieries Corp.- (quar.)^
>B/G Roods, Inc.: fquar.)
:
3-15
,
I
3-15
—
2-26
Is
__
Consolidated Copper
Camden Forge Co., 5y2% cony. pfd. iquar.)
Camden Refrigerating & Terminals Co.—
5%
preferred (s-a)
2-28
3-
2-26
7
4-
Special
Calumet & Hpcla
4-30
_____
7
7
4-
a2%%
;V
Semi-annual
#-30
-
44-
Is
'
1
2-14
5-
4
Is
,
(quar.)
3-
California-Western States Life Insurance—
3-1q
(quar.)
Corp. ,;(quar.) /
Class : A
3-22
3-30
81 Vic
(quar.)
American
preferred
$1.25
3-
1
■
(fluar.L-
(quar.)
preferred
$4.25
Co.
/ Autocar' Co. -freduced)
3-1
75c
Amalgamated Leather Cos., Inc.—
6% convertible preferred (quar.)
6 Ye
'
40c
Ltd.—
(quar.)
Industries
3-18
3-15
25c
(quar.)
of Canada,
\ Aluminum Goods Mfg.
Aluminum
<4-10
20c
$1.50
Jnc.
3% 'id convertible preferred
$3)75
!
50c
*
'
—
Alpha
Aluminum
2-20
II
-
(quar.)
(quar.)
Allied
Products Corp.
(quar.)
Allied
Stores
Corp.
(quar.)
Allis-Chalmers Mfg. Co., common
1
3-12
$2.50
Vicksburg Ry
Allegheny-Ludlum Steel :
Chemipal
3-15
3-15
./
—
&
Allied
1
3-15
(s-a)
com.
4.20%' preferred
Allied
4-
H.)
California
3-25
4
4-
c
137 %C
California Pacific Utilities,
25C
Refining
Autq
Cp.
fo -preferred
5%
3-
pfd.
(quar.)
preferred
(lotton
3- 8
(quar.)
RR.
$3.60
Eleptric Power,
Ink Co
3-1
2-23
1
a2
(Detroit)
California
,
3-15
4-
/.is
(s-a)
California
,
3-22
Series
2-20
■/
P-25
(P.
California
(quar.).
Coast Line
Atlas
3-15
25c
(s-a)
Power,
1
*/.*■,. 15c
6-25
(quar.)
preferred
Atlas
3-1
20c
preferred, (s-a)
Alabama
,
,
4-15
75c
—/_.
Co.,
Canada
Atlas
3-10
■
2-27,
$2.25
-
(quar.)__
125c
__
(quar.)
-;_/
5% non-.convertible preferred B (quar.)
Butler Water Cp., 7%/ pfd. (quar.)
C. I. T. Financial
Corp. (quar.).
Cable & Wireless (Holding), Ltd.—
5'%% preference (s-a)
Calgary & Edmonton Corp., Ltd. (s-a)_~,
:
Atlantic
50c
•
V
(quar.)
1_—z
Extra
5%
•
___
Roller
Akron Canton &
4-
5
3,10
$150
$!"•
$1.25
Construction
1
2319
Terminal Buildings, .7% .pfd. (a.ccum.)
Busi) Terminal Co. 4$tock 'dividend)
3-15
Corp. .(quay.),
Atlantic
3-10
3-
3-19
$1.50/
(quar.)
preferred
4-
Bush
t
Butler
Corp.__
1
4-15
/
_
Burrard Dry, pock, class A (quar.)
/-Burroughs Adding Machine 4quar.j____^
50c
Spring Corp. (quar.)
Atcfyson Topeka & Santa Fe Ry..
Atlantic City Electric
(quar.)..,.
1
725c
Co.: (quar.)
Ball &
1
3- 5
$2.25
(quar.)
(quar.)
—
Associated
$1
(quar.)
tS 1.25
preferred, (quar.)
Glove'Works, Ltd.
Acme
<v
4-
Metal
iVt%
Ltd.—
)
Acme
Aetna
4-1
+62(60
;
preferred
Acadia-Atlantic Sugar Refineries,
Constable
Common
Abltjbi Power & Paper Co, Ltd.—
>
/
Burgess
> Burkart
$1*7(5
$3.75
1
3-
93%c
iquar.)_
Electric Corp.'—
preferred (quar.)
Ba tfery Cq./___
Manufacturing Co.
r
Ashland Oil Si Refining Co.—
3-10
1
1
Co
Co./common
3-
3-15
Niagara
3.6$'^
1 2-21
3-16
3-15
15c
113c
class A
Buffalo. Boll;
•v
3-15
preferred (initial)
Extra
Payable p/ Rec.
50c
(quar.) _i
'JcLc
4-
(quar.)
Western Gas
&
Asbestos
Holders
50c
;_r—
Laboratories
Extra
4
$1.75
(quar.)
Co., common
4-20
2-25
3-31
(s-a)
Ellk M1H«, Ltd. <quar )__
Brunswick-Balkp-Collender Co.,
$5
preferred
(quar.j
Buckeye Pipe Line Cq
"
.3- 4
3-15
,(quar.)_
prior preferred
$6
give the dividends announced in previous
The list does not include divi¬
dends announced this week, these being given in the
preceding table.
,
3-
1
53y8C
preference
5-20
Bruck
.
3-12
4-20
25c
for 5%
/___+
yeceipts
(s-a)
Market Corp.
Shoe
Buffalo
(quar.)__
-
Armstrong Cprk Co.,
Below we
,
1
4-1
4-
(s-a)__
Products
Edison
Armour
1
weeks and not yet paid.
When
Brown
—
preferred (quar.)___
common
preferred
Arnold
Per
4-
/_
pommon
Copper Mipiing
Arkansas
29 V2C
(final)____I_/Z
,
1
3-10
(quar.)
,
Arkansas-Missouri Power Corp. (quar.)
Arkansas Natural Gas Cqrp., 6% pfd. (quar.)
3-24
4-10
J4DC
6-1
(quar.)
convertible
Arizona
4.
Wool
__
3-15
7-1
Apex
Smelting Co.
(quar.)
Applied Arts Corp
;-i
ArgQ Oil Corp. (increase# quar.) _____/i_—i
Argus porp., Ltd., common (quar.)
Power—
Combing Corp. pt.Canada, Ltd.—
Quarterly /_/__
Woojwprth (F. W-)» ptd.—
2-25
4-15
B
4-
Vit c
Brockw$y Motqr Co
1
i
Broqke (E. & Q.) Irpn Co. (incyeased)
Brown fe Sharps Mfg. Co. (quar.)
:
.
3-10
2-27
'Anglo-Canadian'/Oil,'^ Ltd.——
1
20c
Post
Anaconda
1
130c
(initial)
i
3-31
3-25
!_
preferred
Anchor
Grocery Co., Ltd.—
Michigan
4-
Convertible
/
_
(s-pi)Hocking Glass Corp.—
$4 preferred (quar.)
3-31
Increased quarterly
;
Wisconsin Hydro Electrjc, new com.
Wisconsin
$4.50
3-15
______
Broadway
Anchor
3-5
25c
River
Wichita
3-15
:
Tobacco, 6%
Amoskeug Co.,
7
3-15
$1
Class
i
3-10
$1.12%
_•
(quar.)
prior preferred
$5
3-26
4-15
1
4-1
American Zinc, Lead Si Smelting Co.—
1
3-20
.
Qil Corp..
Watpr Co., 7% preferred
/
3-15
iS
(quar.)
Winn
-
+35c
Westmoreland Coal Co._
Westmoreland, Inc.
4-1
4-1
1
3-
9
130c
62
preferred registered (s-a)_;
British Columbia Packers, Ltd.—
3-
8-
$1.37V2
_
5%
3-
/
cqhvertible preferred
77p preferred (quar.)
3-19
4-15
40c
3-15
50c
Co.—
$4
4-19
J50c
3-15
$1.50
(quar.)
American Woolen Co.,
,3-19
4-15
:
(quar.)
American
3-17
3-18
'
4-'*
8-16
3- 6
125c
deposit
registered
5
50c
(quar.)
preferred
"
$1.12V2
f$1.40
(quar.l__
Western
3-31
40c.
:
-
_
3-
$1,816'
Sumatra Tpbapco_i
Telephone & Telegraph
Amerfcan Thermos Bottle Co.—
4-19
5-15
$1.50'
•
"
/
3-15
20c
:
Sugar Refiqlng
._■!
(quar.)
(quar.)
American
,
American
3-10
5-15
$1,75
•
,
-
6-23
3-15
Amepican
;;;;
3-15
'
3-22
2
$1.50
preferred' (quar.)
17f
3-15
1
3-30
5
3-15
pppimon
American Stores Co.
3-3i
i
1
Co.—
(participating)
preferred
American
.
t]
*5
4r
.
31'/4C
-
3-16
3-16
lv
3-15
:WCf
/
5%> preferred-, (quay.)—
WebsterrChicagq. Corp.; (quar.ri--Wellington Fund, Inc. (quar,)
Wesf Pjenn/ Elgcfric, 7$ .pfd." (quar.i-----$i 'plass AT .lQuar.)_^„___'J__________'__
6% ;; preferred /(quay,)/_////,
_u_
West fenn Ppwer Co/, common (increased)
-4% %■ preferred (quar. I
Wesfprn Assurance Co. (Ontario)' (s-a)
Western
■*
4-15
7-
1
6-20
160c*
American deposit receipts prd. (final)
American dpR. receipts ord. reg. (interim)
American deposit receipts ord. reg. (final)
$1.25
(accum.) i
State# Insurance (Indianapolis)
Quarterly <
/
r__
^American Steel'Foundries (quar.)
;3- 1
37V2p
/
_________
8
4-
3-30
4- 1
t$1.50
■
fe Stratton Corp.
n
American
■
&
Service
Preferred
3,-15
,
25c
Goodwill Station'(quar.)
(Hiram/G.
3-
2-18
4-
37l/6c
4'/2'^ ccnvertfble preferred (quar.)
■
5
3-16
_/__/____.
3%%
preference
(quar.)
British-American Tobacco Co., Ltd.—
American deposit receipts ord. (interim)
3-31
1
3-1Q
37 Vac
i
/ American Snuff Co.,
Mold- fe Iron
The
Walker
4-
50c
:____
Amer. Radiator & Standaid Sanitary Corp.__
Americau Rolling Mill Co,, common
,3-17
3-31
:
Amepican Power & Light, $5 pfd,
$6 preferred (accum.)
3-30
75c
______
-
3-31
75c"
2-27
25c
Chemical, cl. A (quar.)_
3-27
.
3-13*
1:1
4-15
10c
(quar.)____^
40c
Vulqan Corp., 4%% prpferred (accum.)
$3. ponv. pirlpit preferred (qUar. I
WJR
&
A
87',2C
Wor^s, common (quar.)//..
preferred (quar.)
•'•' 3 % /p4 pre(efred ,.2rjici series (QU&r.)
Victor Equipjnepfr Cq. ^ irreg. .fj-
4-
3-10
10c
(quar.)___
preferred
25C
31 y»c
lquar.)_/___
,,
Common
*
Ltd.—
3Vi>'/f
3-13*
25c
common
Co.Z_
Potash
B
2-27
25%
(bi-monthly)
'
1
'
Victor Chemical
Vulcan
1
Co."
Optical
American
<
3-15
4-
50c
3-8
c
.
News
3-13
4-
20c'
4-14
4-
Co.,
2-28
50c
^
Bristol-Myers Co., 33/4% preferred
British-rAmerican Bank Note, Ltd.
British-American Oil Co., Ltd.—
2-26*
$1
Molasses
1
3-10
$1.75
dividend
1
4-
10c
Manufacturing
Co,
(stock dividend)
American
6
5-
Briggs
3-1
3-31
Light & Power Co., Ltd.—
Extra
1
3-26
3-12
$2
Bearing-
Brewing Corp. of America (quar.
Bridgeport Brass, 5 %% conv/ pfd,
.
1
35c
'
common—
American Meter Co.
1
25c
pfd. (quar.)
1—'
/_____
conv.
Co.,
(quar.)
preferred
3-15
10c
'
Verney Mills of
Locomotive
$2
___
(quar.)
American Machine & Fpundry, common—.—
3.90 %
preferred (quar.)
,
3
3-
3-31
•."Extra
50c
25c
—
10c
3iy4c
25c
fe Wire Co._„
Leaf Tobacco, common (quar.)—
8% preferred (quar.)
Utah Oil Refining Co. (quar.)____..1———
1
4- 1
of Illinois—
—_c_—
3-15
4-12
9334C
iquar.)
Steel
Universal
Utility Appliance Corp., $1
fVeedcr-Root, inc. (quar.)
preferred
V!o
3-16
25c
(quar.)
(s-a)_
American
3-10
3-31
4-
$1.75
—________
__
.common
1
20c
t75c
partic. pfd.
(increased quar.)_
J.)
i.__/'_L__—___—"/_
American
(quar.)—
N.
Holders
Payable of Rec/
50c
preferred (quar.)
!_/_/
Brewers & Distillers pi Vancouver Ltd.—
Annual
Laundry Machinery Co, (quar.) _
;/ American Locker Co., class A (quar.) ______
*3-22
ioc
5%
3-22
1
(Newark,
American Investment Co.
Ltd.—
com.
preferred A
United
1
4-
non-cum.
(quar.)
Plywood Corp.
4-
Insurance
Extra
3-10
$1
.
"preferred
A
American
3-10
3-15
-
37V2c
pfd. (quar.)__
Y.) (quar.)
(N.
Co.
3-31 /
$1.12'/2
conv.
Co.
Investments,
National
1'k
U.
$1.5C
Trust
* Investment
United
"
49
$1.50
•
6%
•
37i'2C.
preferred (quar.—
preferred (quar.)—
Underwriters
Union
—
Roller
Brazilian Traction
■
Cqmmon
preferred (quar.)_
Bond Stpres/lnc. (quay.)_____
Boston & Albany RR,/.
:
Botany Mills, class A (quar.)____ZZ_______
$1.25 preferred
(quar.) __^_Z
Bower
4
When
Share
...
Bros.fobacco, .6%
2-U
25c
(quar.)
/ American Hawaiian Steamsmp—
American Hidp ti Leather— / •.*.
6% convertible preferred (quar.)
American Home Produpts (monthly)
3-31
2-11
Bloch
3-
1
$1.75
ien
lr/o " preferred
4-10
3-31
——
Stpclr dividend^/1 jopths share of Atlantic
3-15
4-15
-50c
Treegweet Prodqcts
Cp.f $1.25 pfd. (quar.) __
Tuckett Tobacco, Ltd., 7%
pfd. iquar.)
Twentieth Century-Fox Film Corp.— • • ' /■/
.
& Eleotric—,•
f25p
(annualH-
Per
.Name of Company
.
2-28
3-15
flOc
Oil' (extra.)
(interim)
Insurance Co.
Holders
Payable of Bee.
30c
4%% preferred;(quar.-!,/--1--
American Gas
1
/•'" tl5c
Tooke
•
(1085)
F™
25c
75c
87 %C
.
Yj
'
SO
Chicago Corp.,
Common
(quar.)
Chicago Mill & Lumber Co,
—
(quar,)—
Tool, common,.,
preferred (quar.)
Pneumatic
Chicago
convertible
$3
(quar.)
77c
preferred
Chrysler Corp.
& Co.,
Peabody
Cluett
Semi-annual
Fuel
Colorado
Iron,
&
(quar.)—
Columbian Carbon Co.
Common
;
7-20
1
8-14
2-28
3-15
3-10
2-26
2-26
3-
Ltd.—
preferred (quar.)_^
Corp. (interim)
Dominion Stores, Ltd. (quar.)
Dominion Tar & Chemical, Ltd.—
57(
3
1
3-11
: 3-
1
3-
3-31
4-
1
3-15
3-25
3-11
4-
1
3-15
4-
1
3-15
k
3-11
1
12-
1
1
5-
11-
1
.3-12
2-27
3-31
3-10
2-29
1-31
9
3-
3-
9
3-
25c
50c
3-31
3-
3-10
3-31
37'/2c
35c
6c
3-10
3
5-
1
4-
2
4-
1
3-15
2-27
3-15
1
3-12
2-25
3-
5
25c
3-15
3-
3
(quar.)—————————
$$1.50
Congoleum-Nairn,
Inc.
(increased)—
37V2C
Connecticut Light & Power (quar,)--i—75c
Connohio Inc., 40c preferred (quar.)„—10c
Consolidated Bakeries of Canada, Ltd.—
3-15
4—
50c
12y2c
—
Publications (quar.)—
_
Confederation Life Association (Toronto)—
Nast
Common
preferred
17c
$5
Consolidated
Common
Elec. Lt.
Gas
1
3-24
1
3-24
40c
$1.25
C
(Bait,)
3-15
2-13
90c
$1.12y2
$1
12V2C
25c
$1.25
$40c
25c
(quar.)———
(quar.)-
—
(quar.)
common
preferred
(quar.)_
Consolidated Lithograph Mfg.,
Ltd
—
Paper Co
.
(increased)—-—
Consumers Co.,
$2.50 preferred (quar.)
Consumers Power Co., $4.50 pfd. (quar.)—
Continental Assurance Co. (quar.)
Continental Can Co., common (interim)
Steel
50c.
Corp.
Oil
Continental
Continental
Co..
Cork
Class
A
3-15
2-25*
1%
1%
3-31
3-19
(quar.)—
Co
—
57c ccnv. pfd.
3-10
2-19
5c
3-10
2-19
30c
62Vic
20c
$1.31,/4
3-10
3-
—
,_w—>■
'■
.;
.
pfd.
(quar.)
4%
convertible preferred
(quar.)
3-15
Erie
3-22
3-
5
Erie
3-15
3-
1
4-
1
Coach
57>
3-31
3-10
3-10
2-25
3-24
3-13
$40c
4- 1
3-10*
3-15
2-20*
pfd.
57c
Co.,
preferred A
?
Williams
Eureka
Ewa
1
3-12
Ex-Cell-O
3-17
Exchange Buffet Corp.
3-31
Fair
3-18
J.
$1.75
4-
1
3-18
$1.75
7-
1
6-18'
Famous
9-30
9-17
50c
4-
1
4-
1
3-17
$1.25
__
7-
1
Life
:_
____
(quar.)__
i0c
5-15
5-
10c
____
11-15
11-
5
3-15
3-
3-15
2-13
,4ya 7c
Gibson
Gillette
Machine
Gleaner
of Canada
Brothers,
Harvester
4-
1
3-10
3-10
2-13
75C
(quar.);
$1.25
5-
1
4-
5
93%c
!_
;
5-
1
4-
5
25c
Chemical
Corp.
Packing
4>/2%
pfd.
(quar.)
(quar.)
3-31
3-15
Federal
3-31
3-15
Federal
Water
3-31
3-15
Fenton
United
4-23
4-
8
Ferro
Resumed
preferred
(quar.)
(quar.)—
Screw
Works
3-10
4-1
3-15
3-15
4- 1
3-15
3-12
4-1
4-1
3-27
3-31
Enamel
1
3-12
4-
1
3-15
15c
7-
1
6-15
15c
•
4-
1
3-15
15c
7-
1
6-15
$1.50
4-
1
$1.25
4-
1
3-15
100"*
3-30
2-20
3-10
2-25
$1.12Vi
3-30
3-15
25c
5-30
5-26
15c
3-30
3-16
3-10
Fidelity
Field
(Marshall)
Field
&
3-
3-15
3-15
3-20
4
1
3-
1
Finance
2-27
25c
4-
1
3-11
'
lOc
4-
1
3-20
I2V2C
4-
1
3-20
Inc.
Stream
Co.
Class A
Class
1
Fund,
B
Financial
&
See
Publishing
of America
common
at
25c
3-15
3-15
Industrial
3-10
3- 1
2-27
3- 5
35c
20c
3-27
3-25
3-10
3-12
(quar.)__
Co.
(N. Y.)
Quarterly
Indemnity
—20c
»'
.
,
Inc.
(San
(irreg.)
3-
3-20
,
-
$3
$3
iy2c
3-15
3-11
20c
(quar.)
preferred
convertible
Inc.,
Bros.,
preferred
State
preferred
Co.,
5
3-
5
4
-1
3-
5
5*
56'/4c
1
3-
4-
1
3-10
62 '/2C
(resumed)
4-
12'/2C
(quar.)_
common
Ltd.,
F.)
3-
3-12
35c
-_
(quar.)
Co.,
(B.
3-12
20c
quar.)__
4-
1
3-10-
$1
3-31'
3-
$1
3-26
3-12
$1.25
pfd.
4 7o
3-31
3-12
(quar.)
:
common
(quar.)_.
B
•'
•
1
3-10
2-16
3-T5
si
-
$1,25
2-16
2-16
$12V2c
»2'/2C
2-16
3-15
2-16
3-15
2-25
10c
4-15
3-
' 10c
3-15
2-20
3-31
3-15
112 Vic
4-
1
3-15
J25C
Ltd., class A (quar.)
Grand Stores Co., common (quar.)_
Great American Indemnity
(N. Y.)
(quar.)
_______
:
,
Class
Great
A
preferred
West
2nd
Felt
(quar.)
Co.,
50c
preferred
pref.
conv.
(quar.)
"
(quar.)_;__;^_________
2-28
3-31
Hoc
.
Sugar
com.
(quar.)
2
4-
2
4-
2
Special
.
17c
preferred
Greenfield
(quar.)_
&
Tap
Greening Wire,
Greyhound
47* 7c
Die
(quar.)
Guantanamo
'
Gulf
Power
Gulf
;•
Co.
;
3-
1
3-11
4-
1
3-11
Oil
Gum
Products,
I
4-
1
,
3-15
3-15
C
"3-15
2-19
,
3-
1
.3-
-
3-15
a.
3- 4
2-19
25c
(quar.)
3-20
.
1
Gypsum Lime & Alabastlne of Canada, Ltd.—
$25c
Quarterly
,
.
,
125 c
Quarterly
(C.
M.)
Hall
(W.
F.)
Hallnor
Haloid
Mines,
Company,
47c
preferred
Hamilton
common
Hamilton
Watch
convertible
4%
Hammond
Ltd.
.
Hanna
Co
3-15
2-29
3-15
1
3-15
4-
1
3-15
3-15
12-24
3-15
2-24
25c
3-10
2-25
$1.06 V<
4-
1
3-10
4-
1
3-10
35c
35c
3-10
2-19
4-
1
3-19
4-
1
3-19
4-
1
3-19
40c
3-12
3-
25c
—
Munning___^
3-31
3-15
5
Refractories—
—
$1.50
—
preferred (quar.)
Carpets, Ltd._
$20c
35c
Co., common
preferred (quar.)
Harris-Seybold
$5
1
4-
$1.25
Harding
6%
4-
12 Vic
37Vic
;
(quar.)
Harbison-Walker
1
p
4-20
$1.12 Vi
—.___
Winkle
3-
4-30
,
SI
Knitting, common
(M. A.)
7-31
3-
3-10
3-20
25c
Co., common (quar.)
iV*7c pfd. (quar.)
B
preferred
57c
+
Instrument
(P. H.)
Class
»-1'.;
/5- 1
$1
...
4Vi% preferred (quar.)
Common
(increased)
Hanes
-
20c
(resumed)
(interim)
Co., common
preferred (quar.)__
Hammermill Paper,
1
25c
(quar.)
Bridge,
6-
20c
(monthly)
Ltd.
*
25c
Lamp Co. (Irreg.)
Printing Co. (quar.
3- 5
2-23
3-18
4-
$1.10
(quar.)
common
(quar.)
3-15
4< \
$1.50
75c
Inc., common
3- 5
3- 5
3-15
2-27
3-10
40.,
$1.25
(quar.)—'
(quar.)
ffuar.)
A
'
35c
Corp.__
preferred
Class
$50
'
$5 preferred
Co., $6 preferred
Gulf States Utilities,
-$4.40
3-20
3-29
25c
;
!
(quar.).
(quar.)_
Sugar,
1
1
4-
$1.06>/4
j_
Watch
9
4-
25c
'
Gruen
3-
*,
tbc "
(quar.)
Oil Corp.
3-10
3-10
3-19
'
common.—..——
Corp.
1
;
30c
:
(quar.
Ltd.
Corp.,
preferred
Grinnel
3-10
4-
$1.75
Co..
r: 40c
40c
Western
Great
...
1
Lakes Paper Co., Ltd.-—
Great West Saddlery Co., Ltd.—
^
3-15
162'/2C
Grafton & Co.,
Great
3-15
(quar.)
Ltd., class A
Wholesale Co.
Harshaw
Chemical
Fran.)—
75c
8
3rl5
4-
1S1
(quar.)_
(quar.)
3-15
3-15,
-
1
" 2-27
.
1
4-
1
3-
3-20
,3-20
40c
(quar.)
quar.)__;
common
Harrison
Fireman's Fund
5
2-28
50c
(increased
Hanson-Van
(quar.)
Fund,
.
Field.
(quar.)
common
8-12
3- 3
3- 9
2-27
$1
Baltimore—
1
3-
3-11
112'/2c
3-19
:___
Marshall
4-
3-15
30c
(quar.)
■
3- 4
2-27
3-6
3-6
3-12
3-12
3-31
(quar.)
Co.
1
5-
$1.25
(quar.)
Co
(increased
Goodrich
3-10
$1
40c
30c
—T:
3-15
25c
pref
$5
Insurance
Co.,
Golden
3-22
3- 6
3- 1
10c
Dyeing Co
&
3-12
1
4-
21V+C
A
$2.50
2-28
:
;_!
2-25
4-
.15C
—______
B
Glidden
6-30
12-31
3- 1
5-14
8-13
11-15
3-10
3-22
3-10 *
Corp
Corp
2-25
$1
Gas
Cleaning
8-16
7V'2c
(quar.)
&
:
3-15
25c
(quar.)
Class
2-20
;
Co__
3-10
J
common
Truck
3-12
$1.50
(quar.)__
common
Class
^ 3-31
4-15
7-15
—
Motor
3-31
25c
________
^Delaware Lackawanna & Western RR.—
^
Tire St Rubbei*,
Federal
$1.12 V2
(quar.)l
Co.
6-23
40c
___
Corp.,
Inc.
3-
6-30
3-31
Distilleries Co.—
Glenmore
3-19
3-19
3-10
3-10
3-15
3-15
3-15
3- 1
5- 1
8- 1
(s-a)_
&
25c
(quar.)
Delaware & Hudson
3-12
10c
(quar.)i
3-12
3-
Mfg.
2-18
25C
_____—__
3-12
25C
common
Coal
Falls
•3-20
'
60c
Group No.
$$1
Engineering (quar.)____
Federal Mining & Smelting-!
Federal Mogul Corp
$25c
Inc
Federal
t75c
;
Federal Fire Insurance Co.
3-
$25c
(quar.)
3-
1
i5C
——
_
1
4-
3-20
$1.25
(quar.)
Extra
Class
50c
50c
4-
2-23
3-16
Corp.
Gisholt
Glens
5-10
25c
Razor,
Safety
Alden
5-10
3-10
2
dividend)
Girdler
Glen
*
5-25
5-25
4-
pieferred (quar.)
(S. A.) Co, preferred (s-a.)
Refrigerator Co. (quar.)__.
Gerrard
5
25c
Equipment
(cash
Common
■vf-i
25c
1
(quar.)
(quar.)
(quar.)
Georgia Power Co., $6 pfd.
(quar.)
$5 preferred (quar.) ________—
Gerber Products Co. (stock dividend)___—
4y2%
3-16
2-20
:
10c
(quar.)——
(initial)
convertible
3-15
B
Goldblatt
'
Quarterly
$1
,
Extra
Fund,
5
3-31
75c
A
3-15
3- 8
3- 8
3-19
4- 1
3-10
Quarterly
30c
(extra)
___
Inc.
3-
Class B
3-10
$2.50
183/<c
:
75c
Co., $4 prior preferred
Manufacturing
David & Frere, Ltd., class A
B
3-16
(quar.
common
(quar.)_
class A
Brewing
Hall
(quar.)
(A. B.)
Co.
Fashion Park, Inc.—
Corp.
Signal,
preferred
Class
{Syracuse)—
Ins.
;
Farquhar
3-22
3-31
Traders
&
Quarterly
6-18
•
10%
Candy Shops, Inc.
Farmer
Fanny
Farmers
8
15c
''■4-
Gordon Mackay Stores,
30c
56y»c
$25c
3.7y2c
'
3-17
$1.25
$1.75
(quar.)
3-
$1.25
3-20
65c
15c
Chicago
Players Canadian Corp.
1
4-1
—
4-1
10c
Family Finance Corp., common
4V2V0 preferred A (quar.)
,___
3-19
3-
(quar.)__
3-10
'25c
3-15
1
(The)
67c
Genesee
3-23 ;
3-15
•
1
Goodyear Tire & Rubber of Canada
-
4-
3-12
1
4-1
Goodyear Tire & Rubber Co., com. (quar.)
$5 preferred
(quar.)
—-
(quar.)
1
5-
$2
4-
3-19
(quar.)
Corp.
4-
7
$1.75
3-10
12y2c
Corp.-___:——________
-
75c
$1.06 VI
Cement—
Precision
7%
Plantation
2-28
SI
3-31
gtd. (quar.) —
After deduction of 7y2c Pennsylvania tax
80c
Erwin Cotton
Mills——25c
Pittsburgh RR.,
3-22
25c
preferred
5%
Portland
Railway
2-23
.
(quar.)_.
&
3-31
4-
—
1—
(quar.)
preferred A
57o
Erie
1
3-10
■
(quar.)—
A
4-
_
4- 1
4- 1
3-15
$1
4-26
$1
7-26
$1 1-25-49
$1
3-15
$1.25
6- 1
$1.25
9- 1
$1.25
12- 1
(quar.)
Co.
Railroad
1
75c
'
Extra
57c
convertible preferred
3
50c
(i$reg.)_(__
(quar.)
(stock dividend)
Darlington
Denman
4%
3-
$2
...
,
Cutler-Hammer, Inc.
"
^
3-19
3-
;
(s-a»
C
preferred
General
3-16
25c
(quar.)
3-13
1
3-10
com.-(irreg.)—;
Co.,
Corp.,
General
67c
(resumed)
convertible preferred
3-31
80c
(quar.) ;
preferred (quar.)
preferred
prior
Delaware
47c
$1.25
(final).—
Sugar, common
(quar.)
(quar.)—
(quar.)
Curtis Publishing
Deer field
Common
3-22
Corp.—
(Sr-a)
Walt,
2-27
4-15
55c
(quar.)
(s-a)
Davison
3-10
50c
dividend
De
3-. 1
25c
„
:
5%
87c
3-10
90c
__
.
—
——
1
40c
933/ic
(quar.)
Co.,
;
$1.50
_
$10c
quar.)—
common—*
preferred
$2.50
—
(accum.)
.
Co.,
57c
—
3-
3c
(quar.)
General
2-28
3-20
2-27
2-27
3- 5
2-16
17y2c
4- 1
$1.25
4- 1
25c .3-31
62y2c
4- 1
50c
4- 1
25c
3-31
$1.75
4- 1
28c
3-15
;—————
—
(s-a)_-_——
1
1
;
preferred (quar.)
$3.75 preferred (quar.)
General Outdoor Advertising,
•
(quar.)^
Emerson Drug Co., 8 7c preferred (quar.)
Emerson Electric Mfg., common
(quar.)_
77c
preferred (quar.)
Empire Diftrict Electric, common (quar.)—
Emsco Derrick & Equipment—
(quar.)
preferred
1
4-
$5
2-16
,
Elliott
dividend
Davidson
\
1
33-
quar.)__;
25c
(quar.)—.—
California
& Alloys Corp.—
3-10
Cash
Class
Electro Refractories
3-19
Cash
$4
Electrical Products of
2
3-31
(quar.)-.—.
preferred
Corp
3-
3-
1
4-1
4-
12Vic
$1.50
-U.—-.—
(accum.)
3-22
37 Vic
(quar.)
com.
$1.50
$1.75
,
3-31
(quar.)—
Cuban Atlantic Sugar Co., com. (quar.)—
5%
preferred (quar.);
—
1—
Culver
3-15*
1
3-12
perferred
(quar.)——.——$6 pfd- (accum.) —
25c
75c
10c
Industries
International
American
5 7c
$7
Fireproofing
preferred
$5
Light,
&
Power
17c
Inc.—
preferred
prior
Common
Corp.——
preferred
preferred
preferred
7%
4-
Ferries,
Electric
5%
Publishing Co.
Crum & Forstcr,
Cuban
1
67c
4-
1
(accum.)—
Steel
Electric
1
Crown Zellerbach Corn,
Crucible
Electric
•
3-
(quar.)__America (reduced
$2 preferred
3-
Electric
Electric
preferred
Petroleum
Crown
3-15
3-15
L.), Ltd. (quar.)
Company, common (quar,)— -—;
Crowell-Collier
5-21
1
(quar.)_
3-
———
of
1
4-
$1.12y2
common
3-15
Phosphate
3% 7c
6-
»
7-15
3-1
3-15
; 4- 1
3-30
4-1
3-12
4- 1
40c
com.
60c
Auto-Lite Co._——w—,——
75c
Boat Co.——.
———25c
Controller & Mfg. (irreg.)
$1.25
Co.,
Gas
Natural
Paso
3-12
(R.
Creole
2-27
15c
_
(quar.)_
———
(quar.)
preferred
$4.50
El
(quar.)
(Texas),
Co.
Electric
Paso
3-29
Refrigeration
Creameries
3-15
3-15
3-31
El
25c
25c
Petroleum,
Crane
3-29
3-29
Watch Co.
Elgin National
2-16
1
25c
Steel Co., common (increased).
57c
convertible preferred (quar.)_
Cornell Dubilier Electric, common
$5.25 series A preferred (quar.).
Crain
3 15
1
3-15
General
3- 1
6- 1
9- 1
4-15
.
3-10
Corp.—
3-15
3-15
3-10
3-10
3-15
3-15
3-22
40c
(Interim)——
Corp.
75c
—
Coronet
4-
Electrolux
3-31
—
Copperweld
Cosden
3-15
Finance
2-27
3-12
4- 1
(quar.)—
common
(Del.)—————
Continental-United
Extra.
3-15
1
Stores,
participating preferred (quar.)
(Thomas A.), Inc., class A—_—
3-20
40c
common
preferred A (s-a)
convertible preferred
47c
2-20
3-15
125c
37y2c
$1.06V*
Edison
25c
Non-voting class -B——25c
6!/2%
preferred (quar.)
—:
$1.62y2
(quar.)
class A
Ltd.,
Brothers
4'/47o
Corp.—————
Co.
Steel
Cooper-Bessemer Corp., common
$3 prior preferred (quar.)
Copeland
1
4-
25c
——
Eddy Paper Co.,
9
4-
——$1.50
class A——
25c
B
3-15
93 Vic
Fibre
Class
30c
25c
(quar.)
preferred
4-
1
General
4-1
4- 1 ; 3- 1 ;
4J'l' ' 3- 5
4- 1
3-5
3-31
3-13
3-31
3-13
.
3-15
$30c
—
Corp.
Co., common
,
35c
(quar.)——
common
(quar.)—;
Machine Corp.,
Washing
62'/2c
$1.12y2
—
Continental-Diamond
5-
Co.,
———
preferred
Easy
—
—
(quar.)——_
5 7o
$3.75
6
(accum.)—
B
Kodak
Eastman
67o
3-
1
Cigar
2-24
3-10
5-1
$1.25
$1.1428 »
(accum.)—
pfd. A
$7
Corp.,
preferred
Edison
Pwr.
&
Consolidated Grocers Corp.,
Consolidated
3-20
4-
—
Utilities
Gas
Consolidated
1
Y.—
—I.
(quar.)
Consolidated
4-
$6
B
States
Eastern
•
Candy
General
Motors
8- 2
5
4-
(quar.)——,
preferred series
47c
of N.
———
preferred series B
4'/s7t>
3-
25c
$3.50
(quar.)
(s-a)
Edison Co.
(quar.)
preferred
1
1
$25c
Consolidated Dry Goods Co., common
Common
3-
4-
4-
.
Consolidated
3-15
General
Mills, 57c
$1.50
Dreferred
67o
1
(initial)
31 Vic
(quar.)_
(quar.)— '■r-3 25c
General
(accum.)-.
3-10
1
4-
preferred
General
3-15
6-15
9-15
1
3-
$$1.38
(quar.)
—
Supply,
Builders
convertible
57c
3-19
3-15
$1.50
$1.50
$1.50
$1.50
1st
Co.
Box
General
,
1st
7c
5
3-
$$1.25
Inc.
(increased
2-20
preferred A (quar.)
preferred A (quar.)
6%
1st preferred A (quar.)
6 7o preferred B (quar)
67o
6
General
Class
Massachusetts Street Ry.—
Eastern
Baking,
General Bottlers,
Instrument
3-10
3-
3-15
3-15
10c
—
series A (quar.)___
$8 preferred (quar.)——
General
4-1
3-15
20c
(quar.)
Transportation,
Amer.
preferred
Industries,
4- 1
2-26
—
General
.
Iron_—_—50c
Malleable
Eastern
(Del.) —
Mfg Co.,
(irreg.)
$4.25
4- 1
4- 1
3-19
3-22
2-28
3-15
3-10
■
preferred (accum.)
—.——
4Va'£
prior preferred (quar.)
;—
67o
3-15
Quarterly
Associates—r.
Fuel
&
Gas
—45c
'
$1.50
$1.12¥2
(increased quar.)
Eagle Picher Co.
Eastern
(quar.)————
3-20
25c
(quar.)___
class A (quar.)_____—-
3-15
3-31
20c
25c
1
14c
(quar.)
4-15
30c
$1.12'/2
$1.25
preferred
Duval Texas Sulphur Co.
3-15
Conde
.»
common—————
Inc.,
Bradstreet,
4'/a%
Co.
B
General
3 31
4-26
3-10
4-
——
Container
General
5%
(quar.)
preferred
&
Dun
3-31
50c
(irreg.)
preferred (quar.)
5y2 7c
pieferred (quar.)
4- 1
6-15
3-31
20c
12 Vic
—-
57c
2-24
4- 9
4- 9
3-15
$1.12J/2
87'/2c
75c
$1.75
1
4-15
4-26
'
$75c
Storage__
Cold
—
Corp.
3-1
$2
•'
1
7-
37Y2C
(Theodore) & Co.—
1st preferred
(accum.)
Gatlneau Power Co., Ltd., com.
Class
J-15
4-
37V2c
$12.50
(irreg.)
Gary
3-13
4-24
4-24
4- 1
4- 1
3-10
4- 1
.
-Co.75c
common--
3-15
$1.60
(quar.)
—_——
Duquesne Light Co., 5 7c 1st pfd. (quar.)
Durez Plastics & Chemicals
(quar.)—
9
3-9
3-
4-1
4-1
3-1
3-18
(E. I.)
Duke Power Co.,
3-15
1
*
Galveston-Houston
4-1
4- 1
1
3-
1
25C
10c
Co.
3-12
8
3-31
Gabriel
3-1
—:——
3-15 '
1
5
3-24
_______
(quar.)
Investors
Fundamental
3-15
2-16
3-15
preferred (quar.)
$3.50
preferred
(quar.)
25c
1.
1
37'/2C
Co
Market
Fulton
3-31
Gemmer
$4.50
3-25
Power
4-15
3-10
3-10
de Nemours & Co.—
(interim)
—
4-
150c
Frontier
Inc.
Industries,
3-1
Pont
3-15
(quar.)———;——
Ltd.
Cos.,
Frontier
4-1
5-14
4- 1
4- 1
4-15
4-15
4-15
4- 1
4- 1
4-1
4- 1
Common
2-13
3
Fraser
3-10
2-28
Gaylord
2
3-31
'
3-15
2
3-15
25c
75c
(quar.).
(quar.):
Four-Twelve West Sixth Co.
3-
3-
81V4C
common
prior preferred
4-15
Driver-Harris
3-
Corp.,
preferred
prior
6%
5-1
5-1
preferred
7%
3-16
——
——
3-15
Inc., $3 class A (quar.)_
Corrugated Paper—__—
Co., class A pfd. (quar.) —
87c
3-18
;
3-31
—--
—
Foster-Wheeler
4- 1
Extra
3-25
(quar.)
1
37 '/2C
Kleiser
Garrett
125c
—-
1
3-
Wallace,
&
&
125c
115c
—
3-
3-15
(quar.)
Co
Wayne
Foster
(quar.)
—
——
1$1.75
Donnacona Paper Co., Ltd., common (s-a)_
150c
4'/2% convertible preferred (quar.)—— t$1.12'/2
Donnell & Mudge, Ltd., com. (initial quar.)
125c
$1 convertible class-A (quar.)—
125c
Dow
Chemical
Co.,
commonl:—
25c
$4 preferred A
(quar.)
$1
$3.25 2nd preferred
(quar.)
81V.ic
Dow Drug Co., 77c
preferred (quar.)———
75c
Dravo Corp., 47o preferred (quar.)
—
50c
Draper Corp.
(quar.)
w—75c
Dresser Industries, Inc., com.
(resumed)—
37,/2c
23A7c preferred (quar.)—
——
93%c
3-15
6-
Fort
115c
1
3-15
3-31
Forbes
8-10
3-1
.3-12
2-27
2-24
3-10
3-1
4-15
4-15
3-15
3-18
3-15
-•
125c
—-—-
—
(quar.)
preferred (quar.)
Dominion Textile Co., Ltd., com.
$1
65c
90c
Machinery Corp. (quar.)
Compo Shoe
(quar.)
vtc
Common
3-
77o
$6 preferred
(accum.)
Community Public Service——-—
Square
Common
3-15
+43c
$50c
$37'/2c
non-cum.
3-31
10c
————
convertible preferred
31/t7c
5
62'/2C
-
Foote-Burt
3-
—
—
(initial)
ccmmon
1
2-27
9
3-
3-20
75c
*
(quar.)
common
preferred
(quar.)—
Machinery Corp.—
New
3-
25c
(irreg.)_—________
Corp.
$2.50
Food
3-15
50c
(quar.)_.
Corp.
Steel
2
2-25
—
—
Stores, ^nc.,
Fair
2
3-
3-10
—
(quar.)
Power
Follansbee
11- 5
3- 5
3-22
3-22
3- 1
2-19
3-lo
4- 1
4-1
3-20
3-10
9-1
3-10
3-27
3-15
3-15
4-1
3-10
3-26
3-10
;
Florida
Food
(quar.)
Co,
Stove
3-
3-26
——
——
common
preferred
$4
Florence
8- 5
8-16
Co.,
2-20
3-26
50c
'
3-10
$1
Stores
40c
75c
(s-a)
Stock Corp.
National
Flintkote
Dominion Dairies,
Dominion
3
3-15
1
.
—
3-11
$1
——
& Southern Corp.
1
3-
2
(quar.)
(quar.)—
(quar.)——
.
3-1
3-
(quar.)
(
5-15
1
4-
*15c
Ky.) (quar.)
Commonwealth
1
(quar.)—
Brass Corp.
Co.
.
—
du
Corp.-.
Edison Co. (quar.)—
,—
Investment Co. (Del.)——
Life
Insurance
(Louisville,
Commonwealth
3-15
25c
(irreg.)
preferred
non-cum.
.
Solvents
Commonwealth
2-24
4-
12'/2c
Commonwealth
3-20
1
3-15
1
Quarterly
Commercial
1
3-15
87 Vic
21'/ac
(quar.)———
Shearing & Stamping Co.—
Commercial
2-24
3-15
$25c
+25c
53 Vic
preferred
3.60 Ve
1
3-15
25c
Credit Co.—
(increased
quar.)———
Commercial
5-5
3-12
$1.75
$1
(quar.)—-----
com.
5-15
57c
—
—
(Kansas)
Oil Co.
Derby
3-31
35c
50c
VU'i preferred (quar.);
Colgate-Fahnolive-Pcet Co.—
■
$3.50 preferred (quar.)—
Collateral Trustee Shares
—
Colonial Life Insurance Co, of America—
Quarterly
—
50c
5%
non-cum.
preferred
50c
5%
non-cum,
preferred
50c
Detroit Steel Corp.
(quar.)——,
50c
Devoe & Raynolds,
class A (quar.)——50c
Class
B
(quar.)
'•
25c
Dewey & Almy Chemical
Co
35c
Diamond Alkali Co.
(quar.)
50c
Diamond Match Co., 6 '/r partic. pfd. (s-at_
:
75c
Diamond Portland Cement (quar.)_„——
15c
Diamond T Motor Car (quar.)————
25c
Diana
Stores Corp.
(quar.)-—-——12v2c
Distillers
Corp.-Seagrams
(quar.)—,
J15c
Dixie Cup Co., class A (quar.)—
62'/2c
Dobeckmur. Co.
—
15c
Doehler-Jarvis Corp.
(quar.)
—
37'/2c
Doernbecher Mfg. Co
15c
3-31
$1.12/2
40c
$1-25
25c
30c
20c
Co.,
Coleman
Detroit-Michigan Stove Co.—
3-
3-15
25c
$112/a
25c
—
3-18
2-28
3-15
50c
(s-a)__
Co.
Plow
Cockshutt
3-iu
3- 1
9-
*
(quar.)—«.———
preferred A
4%
3-31
3-12
6-
2 A/o
20c
62V2c
—
1
12y2c
12Vic
8-
*1-25
fi.zs,
15c
——
Harvester
4-
$2
(interim)—
common
preferred (quar.)——
2nd preferred (quar.)———
Coast Counties Gas & Electric Co.—
1%
4%
Aluminum &
Detroit
3-12
$i
Electric, 47c pfd. (quar.)Inter-Terminal RR. Co.—
(s-a)
Cincinnati New Orleans & Texas Pacific Ry.
6% preferred
(quar.)
5% preferred (quar.) *—
——
Cincinnati Street Railway (quar.).—
Cinzano, Ltd., class A
—
5l/2 Vo
preferred
(s-a)
City Auto Stamping Co. (quar.)
City Ice & Fuel Co. (quar.)
Clark Equipment Co., common (quar.).
5 7c
preferred (quar.)
Cleveland Cliffs Iron Co., common (quar.)4V27o
preferred (quar.)
Cleveland Co-operative Stove (quar.)
Cleveland Electric Illuminating Co.—
$4.50 preferred (quar.)
Cleveland Graphite Bronze, common (quar.)
57c preferred (quar.)
—*
■>Cleveland Quarries Co. (quar.)
Climax Molybdenum Co.
(quar.)—
—
Clinton Industries
(monthly)^.—Clorox
Chemical Co.
(quar.)————-
Detroit
3-18
4-
>'I,
preferred
3-15
1
3-25
3-15
Cincinnati
4%
3-15
preferred
Bank
First
3- 5
3" ®
3-1d
3-15
3-15
$1
$3
Payable of Rec.
Share
of Company
50c
Denver & Rio
3-15
;
Cincinnati Gas &
57c
3-15
837
—
9
4-
25c
,"
6-
4-
RR.—
Common
3-30
50c
75c
25c
—
Rivet & Machine (quar.)
Chicago South Shore & South Rend
Quarterly
Christiana Securities Co., common
Chicago
9
3-30
c
Extra
9
3-
7-15
25c
25c
30c
(quar.)———
common
First
Grande Western RR.—■
(initial)
-----————
4-
4-15
—-
flame
Holders
When
Per
Holders
Payable of Rec."
Share
0}Company
4-30
{interim)-
Mines, Ltd.
flame
Payable of Rec.
Share
flame of Company
Chesterville
When
Per
Holders
When
Per
Monday, March 8, 1948
CHRONICLE
& FINANCIAL
COMMERCIAL
THE
(1086)
Co.
(increased quar.)
(quar.)—
$1.25
—
4-20
4-
6
1
3-15
3-31
3-19
4-
4-
1
3-19
17 Vic
3-10
3-
1
37 Vic
3-15
3-
1
Volume"
167
Number 4679
THE COMMERCIAL
Per
Name of Company
1
Battery Co._
Harbman Tobaeco. $4 prior
preferred (quar.)
$3 non-cum. preferred (quar,.),
Mining
Heileman
Co.
(quar.)
30c
—
(accum.
Co.,
Co.
3-1
2-13
^3-15
2-25
50c-
$1;75
5Va',fc
pfd.
Cement
Corp.,—
Powder
Co.__
Hinde & Dauch Paper Co. of
Canada,
(A.)
k
Son
(quar.)
$1.50
4-
$1.50
710-
2nd preferred
2nd preferred
9-15
(quar.)
$1.75
5-
4-15
8-
7-15
11-
10-15
preferred
Home Oil
tquar.)—
4-
Co—
;
:
$4.25
3-22
La
3-10
3-
Landers
common
preferred
Hoskins
3-26
2-16
4-20
3-
2
3-20
3-
Gil
25c
common——,-—
preferred (quar.
Howell
(quar.)
Eleetfic
25c
6% .-preferred
(quar.),
Huron & Erie Mtge.
Sugar
Extra
(increased)
__
—.___
Cement
<.
Ordinary
Final
6%
Co/
(interim)
•—
>.Ci 25c
%z.
u
5 Va rio
preferred
4Vi%
preferred
(quar.)
Products
3-20
3-10
4-
1
3-22
Lyon
4-
1
Shares,
3-31
t$1.25
__t$1.06 V<
common
6%
partic.
Cigar
International
—
2
-
International
Class
A
Metal
3-
4
3-
4
Class
A
3-
Class
B
3-
1
2-27
Magor
3-23;.
3-
Mahon
3-31
4-
Company,
Co.
1-27
4-1
3-12
2-19*
137 Vac
4-15
20c
4-15
■
■
2-27
J',.
3-15;.
Industries—
J40C
4 72%
preferred (quar.),—.
International Nickel Co. of
i;,
3-
4-
1
3-
$1
8
t $1.12 7a
;
4-
8
Paper
preferred
International
Co.,
(quar.)..
Salt
Co.
—
_____
4-
1
Investment
50c
Ltd.—
preference (quar.)
convertible
.
-
Selective
Fund
preferred
(irreg.)—,—.
3-20
3-
1
;?'•7c
v
3-20
2-28
$1.75 \ (
■V
4-
1
4-
1
3-15
$1.50
4-
1
3-15
(quar.),
(quar.)—.
I
„
25c
:
;
,■
93%c
3-15
25c r
;
3-12
6-
30c
Jaeger
Machine
Jamaica
7%
5%
-
—
Public;
Corp.,
(N.
Y.)
6% pfd, (quar.)/-(increased quar.),
37 72
Co.,_„,,-_,
Service, Ltd.
preference
A
40c
(quar.),,
25c
———
x$1.75
com.
(quar.)
preference C
(quar.)
Jefferson Lake Sulphur; 7%
pfd. (s-a)_.
Jewel. Tea Co^ Inc.,.. common,
(quar.)
33/i% preferred
(quar.)
_
xl V*%
—
&
Johnson
Jones &
5<% preferred: A
Joseph
&
Feks
common
-
r
.
-
4-
1
1
:
3-20
5-
3-
35c
6
3-
44-
1
3-
8
75c
3-15
60C
3-10
2-27
3-
5
»"
—-
fm
.
Parchment. (quar,)..—
Katz
Drug Co. com, (quar.),„
$4.50 preferred (quar.)
15c
1272c
—
$1.1272
—
Kayser; (JuliusrJr Oo,,
Kelsey-Hayes Wheel, class A (quar.),,,„4Clasi
B
.
common,
$4.50
Co,,
preferred
Kerite Co.
$1.1272
conv.
4%%
1
3-
1
.
4-
1
3-18
3-31
2-27
3-31
5
3-31
2-20
4-
3-25
50c
1
4V2%
$1
$1
$1
com.
preferred
(quar.)_._,_—_
(quar.)
Oil
Kingsport Press, Inc.
King-Seeley Corp.,
Co.
—
(quar.)—
(quar.)
common,,.,,
preferred
(quar.)—
—
4-
1
3-12
3-31
3-10
87 VaC
75c
•
3-30
4-
,
«
1
3*
3-
1
3-31
4*
97 VaC-
3-22
3-
4
1
1
3-12
3-
10c
3-12
/ 3* 1
preferred
pfd.
of
Corp.
(quar.)
America,
Class A
9
3-15
2-28
25C
9-20
3-20
25C
7V2C
3-30
3-19
2V2C
3-30
3-19
'
25c
7-
2
6-20
10-
2
9*20
'
ZZ
15c
4-15
4*
25c
4-
3-20
1
3-12
1
3-12
5-20
5-10
(qu~arZ"^"~Z "
Minneapolis k St. Louis Ry.- Co.
(irreg.)
Minneapolis St. Paul k Sault Std. Marie
RR.
A
(v.t.c.)
Mining
is
6*20
2
4- 2
~~~~
4-
preferred
2
10-
ZZ_ZZZZ
Z-ZZZZZZZZ
4-
Minnesota
7-
25c
$1
Minnesota
3-15
3*20
4-
(quar.7_ZZZZZZZZZZZZZZ
j.)
series
1
4- 2
23C
$1.12 Vz
Common
37 V20
(quarZ)ZZZZZ,_ZZZZZZZZ
(quar.),
(D.
4-
25c
(quar.)
Mfg. Co., common (quar.)
Mllliron's
9
k Mfg.
(quar.).
Ontario
5
25c
3-16
3-
50C
3-10
2-19
25C
3-10
2-27
1
com.
Co
(quar)
i
3-15
3-12
3-12
2-28
$1
Co.,
50c
4-20
50c
4-
3-20
75c
3-29
3-
8
35C
common
(quar.),,
common
3,20
3-
8
4-15
3-
9*
3-
5
3-
5
$50c
(qua?;.)
f44c
Cash
A
(quar.)
Welding
Co.
$1
Co.,
preferred A
class A
4-21
8-
1
7-22
10-30
10-20
4-
1
4-
1
4-
1
3-12
$15c
4-
1
3-
fl5C
7,
1
6-
4
10-
1
9-
3
}i3C
1-2-49
4-
(quaf.)
;
.
National Paper & Type Co.,
National Radiator Co
National
Rubber
National
12-
3
1
3-
5
3-
5
$1.75
3-15
2-20
$1.50
5-
1
4-12
(quar.),,
15c
4-
1
3-15
$1.12Vi
4-
1
3-15
$1.25
4-
1
$1.25
8-16
7-31
4-
1
3-
8
25c
3-23
3-
5
50c
4*
3-15
pfd. (s-a)_,
Machiney Co.,,.
Co. (quar.)
Car Corp., Ltd.
Corp. (quar.)
Sugar Refining
(quar.)
$37'/2C
Steel
$1
preferred
Corp.
4-15
3*15
3.12
3-
2
4-
1
3-15
4-
1
3-17
4-
1
$1.12Va
(quar.)
.
3-17
"53Vac
5-15
5-
5
47Vic
5-15
5-
5
75c
5-
1
4-16
25c
Co.
4*1
3-15
20c
3-15
2-28
(s-a)
(quar.),.
Brothers,
1
25c
(quar.),,,
common
(quar.)
Co., 4'/4% pfd.
(quar.)
3-15
50c
preferred
Water
5
15c
5%
National Steel
Tea
3-12
3-31
Standard
Supply Co.,
3-15
25c
^
(quar.),
(quar.),
preferred B
National Linen Service Corp., com.
4 V2 %
preferred
(quar.)
5%
preferred (quar.)
Neisner
1
50c
(quar.),__„
common
6%
Nehi
2-17
5-
$15c
(initial)
Lead
Naugatuck
2-10*
3-10
$37Vac
(quar.)
common
(quar.),—
3.8%
3-10
2c
ji5C
A
B
4V2 %
3-20
2-16
tl5C
Ltd.,
Class
National
5
3-
1
45c
(quar.)
National
4_
3-10
20c
(quar.)
A
National
3-15
30c
,
Grocers,
National
2-27
(Hartford)—
Hosiery Mills, Ltd.,
Class A (quar.)
7%
.
3-15
12Vac
(quar.),,
National
;>
l
3-31
2c
Insurance
preferred
'National
1
4-
2c
Electric
Fire
$1.50
4-
4-15
25c
j
Quarterly
•
'
3-19
50c
Container Corp., com. (Del.)
National
,
1
3-15
Breweries, Ltd.,
preferred
National
3-18
10c
40c
preferred
1
25c
Biscuit Co.,
Inc.
(quar.)
Nekoosa-Edwards
Paper (quar.)
Storage Warehouse
25c
3-31
$1.25
3* 2
2-
New
$1
3,31
3-10
NeW
$1
4-
3-
New
Bedford
England Telephone <fc Telegraph
Jersey Power & Light, 4% pfd. (quar.)
New Jersey Zinc Co.,,.
V.
New Hampshire Fire Insurance (quar.)
NeW
Haven
4 Va %
Newberry
Newport
33/< %
(J.
York
Auction
Extra
Y.
3*10
4-
1
3-
(quar.)
22MjC
4*
1
3-20
4-
1
pfd.
933/4C
4-
933Ac
4*
50c
500/
(quar.)
(quar.),
*
50c
common
(quar,)
Co.
$1.06 V*
(quar.)
Norfolk
3-15
3-
4*
3*19
1
9
3-
5
3-15
3-
5
4-
1
3-10
4-
1
$40c
Southern
Norfolk
;
shares
Americah
3-15
3-22
3-15
2-13
50c
dividend
of
3-10
3-
50c
4*
1
3-23
250
4*
I
3-
2
2
87 VaC
20C
3-20
7*
1
6*20
12-16
4*
1
3-20
7-
1
20c
10-
1
9*20
20C
Investment
12-23
12-16
6*20
Corp.—
(quar.)
(quar.)
$3.90
3-20
2-28
$3.57V2
3-20
2-28
15c
4-15
3-26
25c
__—
Refractories
Oil Ltd.,
3-
1
12-23
87
20C
Insurance
1
4*
Corp.—
preferred (accum.)
5V2 % preferred (accuin.),,—
Star
1
1
!
500
87 «£c
6%
North
3-
4*
Finance
prior preferred
River
2-11
3-31
held
8O0 prior preferred^,
80c prior preferred,
North
3*
3*10
$50
three
preferred
American
3-15
75c
Co. for each
preferred
I,:
8O0 prior preferred
Americah
3-15
3-31
$75c
preferred
7%
3-31
3-31
(resumed
Potomac Electric
7%
5
2-27
.
20O
Western Railway, com. (quar.),,
Corp., Ltd.,(Interim)
North American Car Corp., com.
(guar.),,.
$2 convertible preferred (quar.)
North American Co. (cash dividend),,^
Liquidating
3-
3-10
30c
&
shares of
4
3-15
40c
^
(increased quar.)
Ry.
3*
15c
25C
...
Normetal
North
1
3-23
'
quar.)
.
Noranda Mines, Ltd.
80c
2-27
...3-15
1
3-15
933/40
Extra
IOO
3-16
3-15
100
(quar.)
Nopco" Chemical Co'.
North
8
Electric & Gas—
preferred
Partial
^2-20
10c
;
State
$3.75
4
5
50c
Co
preferred
1
50c
Mining Corp.,.
Electric Corp,, 3%%
Industries,
4V<%
3-19
Co.—
preferred
preferred
Newport
N.
J.)
Watch
&
convertible
Newmont
New
Clock
North
$1
,
Paper
1
3-10
4-1
3-15
St Brothers
Corp.
2-19
1
3-20
'
3-29
(F. E.)
(quar.),,,
2-26
56ViC
(quar.)
25c
1
2-27
(Hawaii)
3-1
3-
"
3-12
Telegraph
3*10
9
ZZ
3-15
50c
3-15
Z
Z_~Z
3-30
common,
1
3*15
Z_,
3-15
Nineteen Hundred Corp. class B
Noma Electric
(quar.)
3-
8-14
3-30
(Increased)
Niagara Wife Weaving (increased
Niles-Bement-Pond
Co,__
.;
5-15
3-
(quar.),,.
3-10*
1
1
3-15
12VaC
3-10*
4-
3
12Vic
(initial),
com.
3-30
3*15
1
9,
$2
(initial),
preferred
g-
$1.75
Water Works, 8%
3-30
25c
3-10
$1.75
50c
4-
3-29.
15c
8
3-16
3-10
3-
Extra
$4
3-12
3-
Minneapolis-Honeywell Regulator, "commonZZ
1
1
1
3-12
3-15
4-
60c
2-20
3-
8
1
3-15
3-
3-
4-
1
1
3-11
4-1
4-
4-
8
$2
35c
•3-15
3-
50c
Minneapolis Brewing Co.
25c
4-30
3-11
500
2-27
25c
5-15
25c
__Z_
2-27
5
$1.75
Z-ZZZZZ
__Z_ZZZZZZZZ
conv. pfd.'fquarZ)"
1
3-
2-26
,
50c
3-13
3-31
(quar.)
(quar.)
15c
3-13
20c
,
1
3-17
3-
3-10
30c
Co
75c ''
IquarZfZZZZZ
4-
10c
3-15
$1.50
25c
(quar.)—;—
25c
3-
1
Corp]—~"
I,
prior preferred
prior preferred
prior preferred
Miller
:
,4-
30c
^Z^Z.ZZZZZZ
.Z-_ZZ-ZZZZZZZ_Z
Reclaiming—
preferred (quar.)
Hart, Inc., common
Common
3-13
3-20
(quar.)ZZ
(quar.),,:
Common
2-27
6 Vac
$1.50
'
3-15
3-15
3-19
40c
quar.)
25o
preferred
Miller k
2-17
25c
$1.75
;
Midwest Rubber
3-15
3-
1
1
3-15
35C
25C
preferred
convertible
—
(quar.)
Co.——I——,
Corp.
2nd
4-
3-20
4
4*
62VaC
Z
Mid-West Refineries* $1.50
1
50c
—
Kingsbury Cotton
5%
50c
(quar.)
Kidded Walter)" k
4%
25c
—
Kerr-McGee Oil Industries,.
Keyes "fibre Co., 6'^ prior preferred
Keystone Steel & Wire (quar.)
Kimberly-Clark
3-
3-
4-15
(quarTZZ
Co
$2 dividend shares,,
Midvale Company
3-15
25c
———
5
3-15
$37^c
(quar.)
3-
2-28
3-15
3-15
.
25C
Thermit
•»; Midland Steel Products, common
8%
preferred (quar.),
3-15
4-1
'
(quar.)——,—
Kennecott, Copper Corp.,
Special
i,,—
1
25c
37 72c
Canada, Ltd—,
Kendall
3-15
3-15
-4-
i
4-
ZZ
ZZZZZ
Middlesex
2-25
3772c
(quar.)
Kelvinator of
ZZZZZZZ
j
ZZZZZ
Michigan Steel Tube Products Co.,,*,,
Water Co( (quar.),
Midland Oil Corp. $1 conv.
pref.
,3- 5
3-31
'
'
(quar.)
Co
Michigan Associated Telephone
3-1
6
3-15
25c
Copper Co,„„_;
6%
3-31.
3.30
5
3-12
8
1
59%c
3-
3-12
3-18*
"
Extra
1
33-
3-30
15C
Co. class A
Extra
2-27
,
3-31
3-15
60c
preferred
Miami
4-17
3-10
3-12
1
3-
1
8
87c,-
(quar.)
Corp;,' common
(quar.)
Metropolitan Edison, 3.90% pfd.
Meyer Blanke Co.- (quar.)
2-27
3-15
&
7%.
2-27
4-
Machine
Metal
3-
$1.75
35C
_„,Z,
(quarZ).ZZZZZZZZ
,Z_.__Z
com.
2-25
2-27
3-31
62 Vac
(quar.)„
B
Mesta
..
2-27
3-10
3-10
,
37VaC
25c
(quar.),
2-25*
1
37 Vac
(quar.LZZZZ
$3.50 preferred (quar.)____,_
Meredith Publishing Co.
35c
-
CO.
2-27
'
>
,Z_ZZ
ZZZZ
$1
Mergenthaler Linotype
8
$1,25
-
ZZZZZZZ
(quar.)
Merck & Co., common
_
v
com.
3-
3-10
2-28
(quar.)
2-28
•4-
2-28
3-15
(quar.
11-10
50c
(quar.)
Joslyp Mfg. & Supply—
Joy; Mfg. 'Co.. fquar.)—,:—
Kalamazoo Vegetable
Robbins, Inc.,
1
10c
,
(s-a)—.
(quar.)—
Co.
:
3-15
ZZ-ZZZZZZZZ
(quar.)
4-
1
$25c
$62»/aC
60C
3-15
60c
—
Johnson,
Laughlin Steel,
12.a.
-
35c
93 %C
Class
8^10
'
_,.
Johns-Bdanville Corp.
c
20c
3-25
75c
preferred
3-20
1
3-25
1
25c
(increased
Class
4-
3-15
3-31
1
7C
(s-a).
(quar.)
Quarterly
Quarterly
3-20
3-20
3-
3-15
4-
50c
_
*
preferred*
Class
4-15
1
1
4-1
25c\
35c
3-20
3-15
^
7%
preferred (quar.)
Merchants Refrigerating
1
1
1
(quar.)
Mercantile Stores
5-10
9*
30c
—
Shoe
3-
3^
v
1
5
4-
4
44-
4-
5*
3-
3-31
'(quar.)
Mengel Company (ouar.
2-28
3-15
30c
30c
(quar,),,
—
Quarterly
Irving (John)
/
2-28
'
Manufacturing
Quarterly.
Irving Trust Co.
3-15
$4
3-
3-15
$1.06 y4
pref.
McWilliams Dredging Co.
t:
3-17
3-15
.
4
4
60c
2-25
4-
4-15
33-
15c
(quar.),
:
common
Corp.
preferred
National
2
(quar.)ZZ,
(quar.)
Co.
preferred
McKesson &
3-15
$1.62»/2
(accum.)
3-10
20c
Extra
-
4-
3-20
common
Maytag Company (quar.)
McCord Corp., $2.50 preferred
McCrory Stores Corp., common
1
$3.50
((accum.)
Public Service; common
Fireman
3-
4-15
4-16
4
1
1
Manufacturing Corp.—
2-28
3-20
Conveyor Co. (quar.)_,__;
Alkali Works, common
preferred
3-10
8
3-20
redeemable
Inc.
(quar.)
Brass
3-15
1
3-
4*
(quar.)
National Cylinder Gas Co., com.
(quar.);.,,
National Dairy Products (quar.),,
2-27
4-
&
preferred
National
4-
$1.25
1
4-
4-
125c
Register (quar.),,^
National Casualty Co. (Detroit)
(quar.)____
National City Lines Inc., com., (reduced)
3-31
7
P.)
Wheel
7%
3-15
t
$75c
t$1.75
t$l 75
2-27
$4
3-
3-5
3-15
2-24
National
3-10
1
1
National
3-10
3-31
2-13
4-
4_i5
National
2-28
1
Mathieson
3-15
3-20
2c
preferred C
preferred
4-15
2c
•
•
V
Iowa Southern Utilities
Iron
1
'
Iowa Electric Light k Power—
7 % . preferred A
(accum.)
3;75%.
Mathews
1
3-
J75cT-
_—c—
(s-a)—
—*———.
.
3>
7%.
Extra
Iowa
3-15
Ltd.,
convertible
Master! Electric
>3-20
3-15
40c f
Foundation,
.Investors Royalty Co.
6.%
$1.20
1
—
$1.25
3-31
3.15
f20c
148C
(quar.)
Nash-Kelvinator Corp.
.3 17
3-15
$44c
<
3-10
1
3-31
1
Massey-Harris.
3-11-,
.
3-
3-15
.
5
3-15*
1
1
2-13
25c
Nachmgn
1
4-
3r 5
4-
3-
4-
3-30
4-
3-15
4-
$1
5-10
(quar.)
Paper Mills,
Myers
5
25c
pfd.
3-
1
Namm's Inc.
60c I
Massachusetts Investors Second Fund
Irregular
75c
3-
40c
3-
43%c
3-15
15c
3-30
(irreg.)——,
1
"
2-191
,•
—
3-15
3-
25c
A
Marsh. (M.) & Sons (quar.)
Marshall Field & Co., 4V»%
5
1-30
4-15
50c
(quar.)
75c
International Silver, 7%
pfd. (quar,)——
Bakeries Corp. $4.80 pfd.
(quar.)
Interstate Hosiery Mills
(quar.)—.
Intertype Corp,
672%.
preferred
3-12
$17 Vac
3-20
(quar.),
common
Interstate
Investors
(quar.)„_
Corp., common
Basket
1
3-15.
Telephone'c'oZ," U~d~.—
t40c
International
6.%
preferred
l
6-
3-15
Mutual
3-12
3-
25c
(quar.)___
Martin-Parry-1 Corp.,
Canada, Ltd.—
Quarterly
$4
7%
Market
3-31
t20c
&
4-
$13c
Muskegon Piston Ring (irreg.)___
3-10
7V2C
Maritime Telegraph
Common (quar.)
3-15
3-10
$1
.»
3-15:
$1.06 Va
(irreg.)
87Vac
$1.62Va
3.15
4%
30c
TquarJ "
preferred
3-20
3-15
(J.
Murray
25c
(quar.)
3-15
1
(quar.),_„
(quar.)
(quar.)
Murray-Ohio Mfg. Co.
Muskogee Co. (quar.)
25c
Brothers, Inc. (resumed)
Mangel Stores Corp.
(quar.)_^___2_,^.,_ZZZ
Mapes Consolidated Mfg. Co.
(quar.)
Marathon Corp., 5% preferred
(quar.)_
Marine Magnesium Products
Corp.—
3-19
1
112 Vac
Mandel
1
&
3-25
4-
$2
5%
50c
4'/*%
(P.
1
15c
—
Munlsing Wood Products Co.,
.
-
Mallory
R.)
4-
$7 V2C
Co.
2-28:.
3-10
V
-
C.)
Maltine
preferred
$7
3-10
$1
"
""
3-
37'/aC
3-17
1
t$1.25
Uorp.___,_„_
B
Muncie
3*20
1
4-
50c
Macy (R. H.) & Co., Inc
Magma Copper Co.
;
A
$7
3-5
4-
common
Mullins
Ltd.—
^
3-25
72c
3-12
$1 75
■
1
3-15
—
62Vac
Mueller
2-20
25r
Ltd.~^~~~~"?
preferred
4%%
3-11
8
880
;
Mass.)
3
Lines
3-15
3-
125c
-
(quar.)
Baumann, Ludwig).
(increased)
(irreg."
3-10
Common
(quar.)i—:
(quar.);
Co.,
(R.
1
3-31
25c
(quar.)
V
——
(quar.);
(quar.)
3-
8
4-
25c
(quar.)
4-
50c
_
jquar.)
(quar.)
3.
Co
3-15
(quar.),$2
Structural Steel Co.,
5%
preferred (quar.)
MacMillan (H. R.) Export
Car
1
*1 75
'
,—,,,.
Trucks, Inc.
4
3-10
Co.
RR.
3-10
50c
(quar.)
Products
3-12
25c
(s-a).
Machinery,—,—
Harvester
pfd.
Ltd.
Mfg. & Sales Co.
3-
1
4-
8772c
(interim)
4-1
(resumed)
com.
(quar.)
preferred
Motor
3-15
& Co. (See
10c
,
1
25c
MacKinnon
Powders, Ltd.—
preferred
International
M.),
3-31
(initial),—
Bronze
Nashville
(Walter
3-31
Ltd.—
,
conv.
preferred
Morris
2-23
4-
jg0
I__I
3-
3-1
f$i.i2>/a
(Springfield,
Cottons, Ltd.,
Motorola,
3-10
3_15
59%c
5
35c
(irreg.)
L
3.25
Morgan
2-23
37ViC
50c
,
—
New
Mack
2
*
Inter-Ocean Reinsurance
Inter-Ocean Securities Corp., 4%
pfd.
International Business Machines—
com.
Co.
16c
—-
Group shares.—;
Interlake Steamship Co.———
5%
10c
(accum.)/
(quar.)—z,_
Bank
International
3-22
3-10
1
Ludlow
4-
3-
4.
9
Moore-McCormack
2-28
3-15
31
Drop Forging Co., com. (quar.)
convertible .preferred
(quar.)
Moore (Win.) Dry Goods Co. (increased
quar.)
9
17V,c
8
4-1
4%%
2-28
3-12
3-
3
t25c
(quar.)
Moore
2-28
3-12
87Vic
(quar.)
&
3-
3-12
3-9
+25C
com.
(ouar.)
4%
10-23
3^20
2
3-12
62i/2C
Ltd.
Equipment,
7%
7-24
1
4-
Louisville
3-12
1
1
6272c
Ludwig Baumann
75c
Inglis (John) Co., Ltd. (interim)
Inspiration Consolidated Copper Co
Institutional
Inc.
Metal
8-
4-
3-19
4-
20c
"
(quar.)
Ins.
7%
4-23
50c
Co.j common
(quar.)
Lowney
1
1
iincreased quar'}—*2-50
(P.)
2-17
t50c
,
—.—
Industrial
Cloth
Dock,
$1.25
...
(quar.):—
Rayon Corp. (quar.)_
Industrial Silica, 6Vi%
preferred
&
2-17
4-15
1
3-15
11-
Cement____„_50c
Loew's,
4-
5-
20c
Los Angeles Investment
Louisiana Land &
$1.25.;
_
3-
1
3-ll
50c
Locomotive Works, Ltd. (quar.),,,
Telegraph Co. (quar.)
Moore Corp., Ltd., common
(Increased quar.)
3-10
3-15
4-
a'.\l
40c
Montreal
7%
4-1
J50c
Montreal
2-20
Montreal
1
377zc
preferred
Extra
2-27
3-10
4- 1
2-21;
3772c<
(quar.)
(quar.),,,
3-19
37 72c
_
——
quar.]
Corp.
3-13
*
3-10
$1.10;
5
3-31
3-
.
27
o
J25c
(Increased quar.)
Chemical Co. $3.50 pfd. (quar.)
Monsanto Chemical
Co., $3.25 pfd. A (quar.)
3-31
30c
_
(quar.),,
$1
Indianapolis Water 5% pfd. A (quar.)——;
Industrial Acceptance. Ltd., com.
(quar.),,
Wire
7%
3-19
3-31
18c
—
(quar.)
Coal
Lorfllard
3-1:
3-31,r
I 3%
(quar.l
(increased
com.
Mills, Ltd.,
2-17
$10c
(quar.)
A-
Auto
2
4.
$1 25
Life
preferred,
3-15
RR.—
.3-15
^
5
4-
$20c
(s-a)
___
Industrial
Lorain
5%
t'iL
2-27
3-16
30c
Monroe
4-30
15c
Exploration
Indianapolis Bond & Share Corp. (irreg.)
Indianapolis Power & Light, 4% Pfd. (quar.)
Common
,
3-10
2-25
,
1
3-16
$75c
£
Semi-annual
3-15
$1.75
(quar.),
;
class
Monarch
Monroe
15c
capital
Lone 8tar Gas Co.
Longhorn Portland
,
1
7C
3-31
40c
—
preferred
4-1
4-
6
Co.
preference
5%
2-
3-13
35c
^
(quar.)-——_i——
of Canada,
Ltd.—-.s,
Tobacco
3-19:
80c
3-27
8
i5c
• •.
:
Imperial
3-31
t$i.25
:•
—ii
—-
Ideal
3-19
$L50
(Ontario) (quar.)
Co.———
Assn
3-31
5
3-
Miami
-Lone Star Cement
Plantation
Hyde Park Breweries
3-
30c
.
»———
Corp.
Hutchinson
t$i
7;-
—
common
3-15
4.-10:
4-
3-22
37V2c
Extra
50c
2-25'
50c
(quar.)
London Hosiery
1-30
=.
pfd.
Special guaranteed (quar.)
Original
25c
—
(irreg.
Hudson Bay Mining &
Smelting Co-, Ltd.
Increased
Humphreys Mfg. Co.,
3-10
uittie
>„
2-20
v
2-25
3-15
1
25c
(quar.)
Co.
preference
J25c
(quar.)
Lindsay Lighb & Chemical Co., 7% pfd.
(quar.)
:
7
3-19
3-10
■
3-15
4Va%
Knitting
1272c
_
preferred;
4-
1
4-
50c
—
(quar.)———1,
Motors
t
4-15
25c
3-17
$2
Co.
Corp.,
preferred
7%
1
3-31
30o
6%
3-
2-14
30c
Lincoln Service
3-20
....
7%
insurance
Life
Petroleum
3il0
1
3-10
56 Vic
—
Lincoln
3-20
3-25
4-
"
(irreg.?——
Howe Sound Co.
3-30
30c
*
3-15
$25c
Corp., (quar.)
National
tl8c
$1
Quarterly
Quarterly
8
..
&
Lincoln
Monarch
•»
i" i
IV4C
Service
5% preferred (quar.)
Molsbns Brewery, Ltd.
3-15
a
3_12
$1.15
'
"Manufacturing Co.
40c
Lima-Hamilton
9
2-20
-
3-26
$1.50
Houdailie-Hershey Corp.,
Liggett
3-31
(quar.)—
Public
1.
3,1s
15C
(quar.)
Mohawk Carpet Mills:
Mojud Hosiery Co. com.
40c
quar.)
(quar.)
1-30
3-15
20c
.
Co.
3-
3-19
$1.12 Va
(increased
Lanett Bleachery & Dye Works (quar.)
Lang (j. a.) & Sons., Ltd. (quar.)_,__,
Lehigh & Wilkes-Barre Corp. (quar.)
Myers Tobacco,
Lily-Tulip Cup Corp
$1.06 V*
—
—
Power
3-19
3-10
51
Payable of Rec.
60c
$105
(quar.)
Modine
37Vic
(quar.),
Brothers, Ltd. (quar.)
Liberty Fabrics of N. Y.,
Inc., (quar.)
Libbey-Owens-Ford Glass (quar.),,
Life.& Casualty Insurance
(Tenn.) (quar.)
2-27
,
1
Co.
20c
'
Lewis
3-3
3-12
4-
Frary & Clark
»
$1,75
(quar.)
(quar.)
Leslie Salt
3-10
3-iO
3-31
r
$1.75
2nd preferred (quar.)
France Industries 4%
pfd.
Shore Mines, Ltd.
Lane-Wells
;
3
3-
r
50c
—
(quar.)
&
.4-
25c
_
(quar.)——.——,—
Lighting
-
2-28
3-31
3-19
$1
(irreg;)——
Cdrp., 67-? pfd. tqimr.)—Hotels Statler Co.
(irreg.)—
Howe
•
-•
J 6c
Mfg.• Co.
$2.25. convertible
1
4-
.50c
Hotel Gibson
Houston
1
4-30
l
7%
'
—
(quar.)
Lake
$1
w—-
preferred, (quar.)———
Co.,
7%
2-25
Oil
4 %%-
7%
3-10
—
Mining Co. (quar;)
Corp.
__—,,,_____,1Hooker Electrochemical Co.—
Hoover
6
2-28
1
50c
Homestake
Honolulu
3-
3-15
25c
Hollinger Consolidated Gold Mines (quar.),
Hollingsworth k Whitney,,com, (irreg.)--,—
$4
1
B
Missouri
0-15
$1.50
B
com.
Mitchell (J. s.) Co., Ltd. (quar.)
Mitchelt (Robert) Co., Ltd.
(resumed)
Modern Containers, class A
3-15
(quar.)
3-15
50c
Class
2-20
(quar.)
Ltd—
-
Mi
50c
Co.
Mississippi Power, $4.60 pfd. (quar.),,
Missouri-Kansas Pipe Line, com. (quar.)
3-12
preferred
25c
(quar.
$1
1st
$25c
Hollander
3-12
1st preferred
25c
Paper Co. iquarj,,,,,■
Hobbs Battery Co., class A
(actum.)".—-—
2-27
1
Share
Mission Appliance Corp.
3-26
4-
6%
$1
Dauch
1
3-11
6%
3-25
—
5-
6
25c
,—
t2o
25c
of Company
Minnesota .Valley Canning
5% preferred (quar.)
■
1
5
25c
—
(quar.)-—,,
Heywood-Wakefield Co.; common (irreg.)
Hibbard Spencer, Bartlett & Co.
(monthly).
Monthly
—:—
3-
40c
,
(quar.)
6% -1st preferred
3-15
1
3-
35c
—-—
inc.
(s-a)
3-
Name
2-26
3-
1-
4-
343/8c
(quar.)
$1.50
Kresge (S. S.). (quar.),,
Kroger Company—
-
3-13
3-15
-
3-22
$1
„«
(1087)
Holders
Payable of ftec.
3Vic
.$2.50
non-cum.
preferred
When
4-
25c
.
,—,
Hercules
&
1
3-13
(irreg.)——;—
common
Hercules
Hinde
3-
3-15
(quar.)-,
Co.,
Hewitt-Robins,
3-12*
25c
preferred
J.)
1
Per
Shafe
.
preferred (quar.):
Klrkland ^Lake Gold Mining, Ltd,
Klelnert >J. B.) .Rubber Co
Koppers Co., Inc., common
3-15
43?4C
,
«7%
3-15
$6
4%
Co
W.i
Hendry (C.
4-
3-22
4-15
of Company
Kinney Coastal Oil CO.- (increased)
Kinney Mfg. Co., common > (resumed)
5
Publications, lac.-
(G.)
(Geo.
1
25c
Brewing
Hein-Werner .Corp.
Helme
4-
25c
Glass
preferred A
Hecla
3-
-
.
Name
2-28
3-15
75c
.
Corp.
Hearst Consolidated
7 %.
3-31
$1
HayeS Industries4 Inc:_,
HazeL-Atlas
Payable of Rec.
10c
CHRONICLE
'
Holders
„
Share
Hart
Hazeltine
When
&; FINANCIAL
3-10
2-20
(accum,)
$17%c
2-28
Northern Engineering Works (increased)
10c
4-24
4-12
3*31
Northern Indiana
30c
3-20
3-
7%
Public
pid;
Service:
4*
1
3-
6
4
,
Name of
Company
15c
3-10
2-
9
Match
Co.
(quar.)
Ohio
Water
Corp.,
Oneida, Ltd.,
preferred
6%
Tail
Otter
Ox
Power
3-15
3-
3-31
3-
Rand's
3-31
3-10
3-31
3-10
3-31
3-12
Co. (quar.).
Rath Packing Co.
(quar.)
Raybestos-Manattan, Inc
Rayonler, Inc.. $2 prelexred iquar.)
Reading Co., 4% non-cum. 1st pfd. (quar.).
4% 2nd preferred (quar.)...
Reading Tube Corp., class A (quar.i__-_.-__
Red Owl Stores, 4%% preferred A (quar.).
Reeves Brothers, Inc. (quar.).—__________
Real Silk Hosiery Mills com. (quar.)
7%
preferred • (quar.)
—
5% prior preferred (quar.) —
Regent Knitting Mills. Ltd.—.
$1.60 non-cum. preferred
(quar.)
$160 non-cum. preferred (quar,)....
$1.60 non-cum. pfd. <quar.)_^
Reliance Grain, Ltd. 4% prd
(quar.)
Reliance Mfg. Co. till.)—
//
3'/2% conv. preferred (quar,).
1
Remington Rand, Inc. com. (cash dividend).
1
3-12
3-15
2-28
37'/2c
3-15
2-28
American
50c
3-15
3-
t25c
5-15
4-15
t$1.75
5-15
4-15
3-10
$1.12%
y:
$$1.25
Mfg.
Common
3-
3-
3-
1
'y';37%c
(quar.).—
(quar.)
_—i
Car Co,_.
3-15
1
$1.25
4-
5
3-12
5bc
4-
1
Sfr-ZJ
;
75c
.
—
O-JL
.4- 1,
50c,
3-15
v "
;
3-
6*
6-
8
5-
8
5-15
75c -
Chemical
5c
Co.——
Riegei
3-30
3-10
4-
3-
3-1
River
1
3-8
(H. H.)
Robertson
(P.
14-1
3-12
$2.50
3-10
Rockwood
3-
preferred A (quar.)
preferred (quar.)
5% prior preference (quar.)
•Rolland Paper Co., Ltd., 4(4 % pfd.
Ronson Art Metal Works (quar.)
1
4-
1
3-15
'y$i?-
4-
1
3-15
4-
lO
3-
3-15
3-
5
3-15
3-
5.
4-
3-
5
Exploration
•
(quar.)——
——
yy-
(increased).
Mulliken
25c
3-12
3-
3
2-20
2-10
(increased quar,)—
Pfizer (Charles) & Co., common (quar.)
3%%
preferred (quar.)
—
Phelps Dodge Corp. (increased i—
Philadelphia Co., $5 pfd. (quar.)
$6 preferred
(quar.)
___i———
Philadelphia Electric Co., common (quar.)—
$1 preferred (quar.)—..
Corp., common (increased quar.)...
3%%" preferred A (quar.).,
Phoenix Hosiery Co. 1—
Phoenix Insurance Co. (Hartford, Conn)—
50c
3-11
87 %c
3-31
3-15
Screw
&
—
Lambert, Inc.——
y.
Quarterly
4-
Public Service
of
Trust
New
7%
■y 3-10
3-12
3-
3-15
3-12,
4-15
;
3-
3-12
5."
7%
preferred
preferred
Publication
Common
7%
1st
(quar.)_
common
3-15
50c
4-15
preferred
com.,-
preferred
3-15
Servel,
3-31
2-27
3-31
A
&
Co.
3-23
1
3-20
Partic.
4-
1
3-20
4-1
3-19
1
3-19
Inc.
Co.
3-
8
:
2
pfd.
3-10
Sterchi
1
3-10
Sterling, Inc. (quar.)
Sterling Motor Truck
Stern & Stern Textiles, 4y2%
1
3-10
3-12
Ltd.
3-31
3-12
Sheller
2-27
Stix
1
3-11
3-
3-10
2-20
4-
1
3-10
3-10
4-
1
3-11
Inc.
Co.
class
Convertible
3-10
2-20'
3-15
3-
1
1-30
Sun Oil Co., common
4-
1
3-12
Sunbean
2-10
3-15
2-28
3-15
2-24
4-15
3-29
4-
3-
1
4-
3-
1
4-
3-
1
4-
3-15
3-11
3-
2-18
3-15
3-
1
3-15
3-
1
3-15
3-
1
4-
1
3-18
$15c
25c
4-
1
3-15
3-12
2-27
12'/2c
4-
(quar.)
—___——
25c
pfd.
56c
25c
25c
(quar.)—
(quar.)—■
25c
25c
10c
10c
20c
50c
25c
50c
20c
$1.06'A
15c
(quar.)
(quar.)
Tool
>;
Mfg.
preferred
Williams
4-19*
Class
2-25
5%
(Increased
A
preferred
3-20
4-10
3-25
(quar.)
4%' preferred
Taylor &
Tecumseh
1
4.32%
Fenn
Products
2-12
Telecoin
3-10
2-19
3-30
3-10
Tennessee
3-
2-27
Tennessee
25c
$1.13
$1.25
15c
25c
3-15
3-
Terre
4-
1
3-15
4-
3-15
2-25
4-
3-10
y:1,''v.
25c
25c
59^^
25c
(quar.)...
Corp
Brewing
Co.
3-15
Texas
Gulf
3-15
Texas
Gulf
3-15
2-25
3-15
2-25
1
3-22
3-
2
3-
Oil
Textiles,
4%
4-
1
3-15
2-28
Canada—
Land
&
Inc.,
The
4
Inc.,
-
5-
1
4-9
4-
1
3-10
2-28
(Del.)
Co.
Gas
Fair—see
Thew
7%
Shovel
Fair
Thomas
4'A %
Steel
Co.,
Co.
com.
(quar.).
2-27
3-15
3-
1
3-15
3-
1
Tide
50c
3-23
3-10
Signal Royalties Co. class A (quar.)
$1.75
3-15
3-
Silknit,
preferred
(quar.)..
1
'
-
1
3-15
3-15
2-27
4-
4-
Water
$3.75
Associated
preferred
3-15
3-
1
Tilo Roofing Co.
25c
3-15
3-
1
Time. Inc.
$50c
3-15
2-27
5
2-27
1
4-
1
3-19
4-
1
3-19
4-
1
2-14
'
3-31
3-15
3-31
3-15
1
3-17
54-
3-15
4-
3-.15
3-12
4-
3-12
44-
•
3-12
3-15
3-
1
1
3-15
3-15,
50c
30c
7'/2c
10c
50c
1;'
2-27
3-101.
2-19
3-24
3-
3-
•
3-
4-1
3-
4
2-11
1
9
2-24
6
2-27
3-15
j.
3-15
r
2-27
3-10
j
2-27
1.
3-
3-15
1
3-29:
3-19
4-
3-20
1: •
4-11
-'
3-20
!
4-1
3- 8
3-15
3-
$4
40c
(quar.)
(increased
quar.).
3-31
3-22
3-19
3-
9
3-15
3-
4<
4-
1
3-15
.6-25
6-15
$1.06'A
50c
50c
(quar.)
3-31
3-
4-
31'Ac
!
Quarterly
;
Thompson Products com.
4%
preferred (quar.)
3-15
4-15
'
Carbon
50c
^
1
3-10
4-
;
$1.75
(The)
3-15
50c
B
9
3-20
4-15
One
(ouar.)
Chicago
preferred
50c
1
9
25c
dividend).
(quar.)
preferred
3-19
3-29
4-
'
•
(stock
Co.—
preferred
2-25
3-15
2-28
-
(quar.)__;
50c
(quar.)
3-10
3-
-
(quar.)
25c
$20c
(interim)
(quar.)
(quar.)__
common
Thomaston Mills
■
, r
(quar.).-
(interim)
Co.
com.
convertible
Thermatom'.c
$20c
$$1.75
1
••'
$1.25
3-15
3-31
Service
preferred
Textron,
2-13
3-10
pfd.
Sulphur—
Public
Texon
2
3-13
7%
Works,
Producing
Texas Southeastern
_
4-
3-10;
Extra
2
4-
••
Water
(quar.)
1
Texas
3
3-10
35c
25c
30c
$1.75
• ' 75c
35c
50c
Co
Corp.
Haute
Texas
3
3-
1
3-15
Corp.
3-31
'
y $^Oc
.
4
3-
4-
50c
10c
Telephone Bond & Share—
7%
1st preferred
(accum.)
8
3-22
3-
25c
27c
(quar.)
•
1
(quar.)
Ltd.
pfd.
conv.
Co
3-10
3-10
4-
1
3-10
3-10
$50c
(quar.)
Co
Stove
Tappan
3-25
3-
4-
$5c
23c
$1.1?%
25c
■■■■■■
(quar.)
Extra
3-15
3-22
3-
15c
56'Ac
" $25c
-■
(quar.)
(G.), Ltd., common
4-10
2-28
1
3-
$1.25
;_
Inc. com.
preferred
3-10
4-
3-31
$1
quar.)_
(quar.)
(James),
1
-
(ouar.)_
Hoist
Extra
Ltd. 5%
2-27*
4-
Extra
Class
1
15c
$1.12y2
(quar.)
Breweries,
5-
15c
(quar.)___.
Corp.
Sick's
3-12
3-20
_n.
common
of
3-12
3-11
4-10
1
35c
$1$l'/2c
$1
;—
conunon_
Sylvanite Gold Mines, Ltd. (quar.)
Tacony-Palmyra Bridge com. (increased quar.)
1
(quar.).
Co.
7-16
4-
;
Corp
4-16
1
3-15
50c
40c
f_
(quar.)
y 20c
12'/2c
(quar.)
Co.
1
8-
35c
65c
40c
25c
10c
25c
...
(Frank G.)
6-
•
2-28
1
4-
25c
25c
(quar.)
Co.
(quar.)
Paper
Co.
&
3-15
1
3-25
25c
(quar.)
common
preferred series A (quar.)
Sunshine Mining Co.
(increased quar.)__,
Machine
1
3-10
$1.25
(quar.)
4y»%
Sunstrand
2-13
2-28
12!/2c
37y2c
B_,
3-
Corp.
1
60c
15c
I2y2c
Stromberg-Carlson Co., common (speciali
4%
convertible preferred (quar.)
1
;
93%c
Stokely-Van Camp, Inc., common
5% prior preference (quar.)______
Stonecutter Mills, class A
4y2%
(initial)
of America—
New class A (initial quar.)
•
3-20
Corp..
Fuller
&
Baer
Tamblyn
(quar.)...
$4.50 oreferred
preferred
7%
Shoe
•
3-
3-20
(quar.).,
Stores,
Stewart-Warner
3-15
3-16
2-13
—
3-15
3-31
3-15
3-31
1
(initial)__—
A
class
3-25
Bros.,
3-15
1
4-
Co.__
Finance,
Brothers
2-29
5 *•
4-
3-10
50c
3-
4-
3-15
4-
Acid Works,
B
Stedman
2-28
3-15
(quar.)
(initial)
6%
preferred
(initial)
Strawbridge & Clothier $5
3-10
2-28
'
3-10
Ltd.—
_L
State
3-12
1
3-10 1
$25c
3-19
&
5
3-
3-15
—
preferred
Supply
Loan
8
3-
3-15
3-15
(quar.)
Class
3-
3-15
$31'Ac
$25c
Materials,
3-
1
4-13
3-15
3-20
(initial)
Fuel
State
3-20
4-
.4-151:
3-10
-
&
Stoker
Standard
5
vit" 3-15
-
3-15
com,
(quar.)
Participating
3- 5
1
4-1
i
50c
35c
15c
37!/2c
(quar.)
—
conv.
5
3-10
5
Common
4-
3-
(quar.)
(quar.)
COmmon
2-27
50c
2-23
3-15
l
Inc.,
Sherwin
2-16
$1.75
(quar.)..
3-10
3-
2-25
$1
A
Paving
17y2c
(quar.).______
(quar.)
Signal Oil & Gas Co., class A
;
(quar.)
Co.,
Extra
4%%
2-16
$2
Standard
5
(Dei.)
Shellmar JProducts Corp.,
3-15
3-15
3-10*
$1.12 (2
(quar.)
Shawinigan Water & Power—
4% preferred A (quar.)
2-16
$1.25
non-voting
Oil Co.
Shattuck
2-16
3-15
$1.75
voting
Finance
Roebuck
Class
2-2^7
50C
1
3-
...Ll—
;
Serrick Corp. Class B
3-19
$1.25
(quar.)
Corp.,
i___
Seismograph Service Corp.
Public Service Electxuc & Gas—
$5
4-
3-22
w
25c
(increased quar.)
of Ohio
Oil Co.
preferred
3-15
■:
r
2-27
3-31
3%%
4-
4-1;
3-15
$1
-
Standard
1
1
4-15
Co.
of Kentucky
Co.
r
87'/2c
of Indiana
Oil
Extra
5
3-10*
Talcott
Seiberling Rubber Co. 4%% prior pfd. (quar.)
5% class A preferred (quar.)______
r
y
1
3-
1
60c
Seeman
5
3-15
35c
;■
3-20
4-
55c
85c
r
Shepard-Niles Crane &
;
3-15
2-28
3-15
3-15
1
quar.
Standard Oil
Standard
Service Co.—
Water
Selby Shoe Co.: (quar.)
Brothers. Inc. (quar.)^
,
2-27
4-
Increased
1
5
Sunray Oil Corp.,
■
Seeger-Refrigerator Co.
,
,
45c
1
3-
3-
,
5-
Co. (quar.)
Standard Oil Co. of California—
3-
1
3-
3-
3-15
3-12
Milling
3-15
8-13
3-15
1«
94c
-50c
(quar.)
2-25
5-1A
9-15 '
$1.50
$1-12V2
' 37'/2c
(quar.).
Inc., common
preferred
3-10
27y2c
.....
Co..
preferred
4.10%
Sears
y 4- 5
3-26
30C
Brands,
3-
(quar.)
$2.60. convertible
—
(quar.)__
Lace
V Seaboard
Corp of New Jersey—
preferred
(quar.)..
(increased)
A
preferred
Scruggs-Vandervoort-Barney com.
(quar.)
$4.50 series A preferred (quar.).
3-15
5-1
;.
50c
preferred (monthly)
preferred (quar.)...
preferred
5y2%
Common
3-12
1
$3.50
Swift
y
2-21
1
4-
Standard
9-15
Sylvania Electric Products,
$4
preferred
(quar.)
Scranton-Spring Brook
1
4-
3-15
6-15
2-13
t
+
.
2-20
Scranton
<
3-15
3-
$1%C
...
4-
7-
2-13
6^15
$1
preferred
(quar.)
Mfg. Col—.
$3.75 preferred
(quar.)
10-
3-
3-15
40c
25c
$4
Staley (A. E.)
Association,
Loan
3- 3*
5
9-15
,
Mines, Ltd
Remedial
Securities Acceptance Corp. (Omaha)
3-
6-15
4-
3-22
3-15
(quar.)
3-10
5
3- .3
z'v' $14
(N. Y.)
7-
Co.
5
,3- 1
y.y-.;
—
5
3-
3-12
20c
—
3-
3-31
L__
Electric
3-24
Security Title Insurance & Guaranty Co. (L. A.)
1
3-15
3-11
3-15
4- 1
'Extra;'
Sprague
Corp.
3-10
3-31
$S4
Oil
1
.4-
4-15
10-
50c-*
——
3-25
,
1
4-
30c
50c
4-21
$40c
Hampshire——
(quar.)
$5
preferred ' (quar.)
6%
preferred (monthly)
8%
6
2-19
3-16
3-31
Springer Sturgeon Gold Mines.
1
3-10
56'Ac
Common
6%
1
75c
(Irreg.
3-15
:':4--i
37 %c
1
...
20c
Ltd. (interim)
.
$3c
Springfield Fire & Marine Insurance Co..,—
47y2c
Square""D" CO.: (increased)
—
■
25c
Squibb (E. R.) & Sons, common..
______ ■' y'f
2oc
3-15
-
Jose
Seaboard
4-
3-10
3-15
->
—
1
Francisco
$3.40
1
3-15
c
__UJ——Co,
3-
25c
v
Service
.
l
5-
(quar.)
■
■
(qmM—
Spiegel. Inc. $4.50 pfd.
Spindale Mills
4-
,
2-27
3-12
3-12
22%c
Increased
Public National Bank &
X\
3-15
1
,
3-
3-20
4-
)
45c
pfd. A
RR.
1
4-
Providence Washington.Insurance—
Worcester
y
1
2-15
4-
62%C.
(quar.)..—
Preston East Dome Mines,, Ltd. Unterim)—
Price Bros. & Co.. Ltd. (increased).—...
81
4-
3-12
'
4oc
(quar.) r—__i__—_C——i———'
4V2%
.
,
Alexander,' Inc. (quar.).—.—
River Co., Ltd.,
(increased quar.)..
4-
:;4-
4%%'
3-12
4-15
4-12
4-12
1
3-12
$1.25
$1.25
$1.25
17y2c
,
Spalding (A. G.) & Bros, (quar.).l...:
:
Sparks Withington, 6% conv. pfd. (quar.).
5-
3-19
3-12
Superheater Co. (quar.)
Superior Steel Corp. (quar.).
San
/
3-19
1
:
1
1
(Dallas) —
Sutherland
'
&
Pressed Steel Car,
1
3-10
3-10
5-1
50c
t50c
f62 V2c
37%c
Scott Paper Co., common
15c
Bolt——
3-15
1
2
4-1
5
3-
y
1
4-
$1.25
5%- preferred (quar.)
Southwestern Life Insurance
Increased (quar.)
,
.
Co.
Service
J
'
75c
Water Works, common (quar.)
■.
50c
preferred A (quar.)
..$1.296875
Schwitzer-Cummins, 5Vz % pfd. A (quar.). -^ 27V2c
1
4-
25c
\
5
4-
yy-; 25c z:
Plymouth Oil Co. (increased quar.) _____
Porter (H. K.) Co.,Mnc. 5%. pfd.
(quar.)i.
Potomac Electric Power, 3.60Se pfd. Hquar.)
4-
Ltd, (semi-annual)
5
33-
4-
93%c
.
Co
3'
•
4-15
3-10
.3-1
3-15
A $1.50
(quar.)
6-15
San
3-12
Gas & Electric—
3-10
1
3-
,
3-31
;
75c
6-30
San Antonio Gold
1
3-31
Southwestern
$6 preferred A
3-29
2-13
/
3-31
$1
Co..——
Gas Co.—
$7c
1
3-
3-31
4-15
2
•—
(quar.)
3-15
3-
:
Electric
1
preferred
4-15
1
25c
Natural
Southwestern
3-20
20c
Tidelands
of
share
1
50c
Southwest
held.
4—
$4
Glass
each
4-
30c
9
4-15
voting
of
$1.50
:
3-
1
(stock dividend)—......
trust certficates
Corp
$1.25
.
1
4-26
29Uc
(quar.)
Inc.
distribution
for
Royalty
5-
$1.25
$1.25
$1.25
(quar.) $$1.06(4
...
Oil
Dome
Southland
5-
10c
15c
(quar.)
Co.
common
2-25
3-10
$1
V-': $1
pfd. (quar.)
—
15c
Pltney-Bowes, Inc. com. (quar.)—
; .:r 53 VbC
4(4% preferred (quar.)___^_____
—_
Z
- 75C
•:
Pittsburgh Bessemer & Lake Erie RR. (s-a)
Pittsburgh Consolidation Coal Co. (quar.) __ y- : 50c
25c
Pittsburgh Forgings (initial)
—.
Pittsburgh, Ft. Wayne &" Chicago Ry.—y.y.Vy
y'':; $1.75
Common
(quar.)_—Li—_j_—_
$1.75 %
7%
preferred (quar;)—
/■ 20c :
Pittsburgh Metallurgical Co. (increased)——
Plate
A
V
2-26
50c
Inc.,
2-20
3-10
35c
-v
Phllco
Quarterly
j?illsbury Mills,
Salt
-
4% %
9
4-
(quar.).
$1.;
Saguenay Power, Ltd., 4(4% pfd. (quar.).. $$1.06(4
St. Joseph Lead Co. (increased)
1
75c
St. Louis Public Service, class A (reduced).
12'/2c
St. Regis Paper Co., common <quar.)___
15c
4.40% 1st. preferred series A (quar.)
$1.10
1
9
3-
4-
4-10
3-15
4-
$1.06'A
3-
1
^
2-10
75c
(quar.).
common
1
•;.*
"3-10
4-
;
4-
3-10
2-28
3-
Co.,
Gas
Union
Standard
3-10.
,3-15
Southern
1
3-10
37%c
(quar.)
Standard-Coosa-Thatcher
3-10..
$3c
Pfeiffer Brewing Co.
Public
Inc.
Industries,
—
4-
Safety Car Heating & Lighting Co.
35c.
Ltd. (interim)—...—.
Petroleum & Trading Cofp.—
1v
$1.25 partlc. class A (accum.)—__._f.__
i
Petroleum Oil & Gas,
3-16
3-15
3-
r,
3-20
^
37y2c
27c
Co
Gas
2-25
2-28
30c
'•
Pacific Co.
2-27
3-11
4-
$1.06%
_—
2-27
1
4-
Natural
Southern
3-15
1
3-12
62!/2c
(s-a)—
.Southern Railway Co., common (quar.)
5% non-cum. preferred (quar.)—
5%
non-cum. preferred (quar.)—
5% non-cum. preferred (quar.)—
11-12
1
Co.
Original preferred
(quar.)
4.32% preferred (quar.).J—
>' "
4-
$1
^
Co.—
Edison
California
Southern
3-24
25c- -z
—j.Z'i
3-11
1
3*
2-20
4-1
50c
preferred (quar.)
Southern & Atlantic Telegraph
2-20
2-20
„
3-12
■
(quar.)__i._
com.
8%
Southern
Ruppert
3-11
,
4-
3-
Gas—
&
Sugar
3-12
2-20
pfd. (quar.)——
preferred (quar.)..
4-1
25c
$1.06'A
1
Rico
2-16
"
3-12
,
(qimr.)._^__--_______LL_I. ;t" 62J/2c
preferred
Porto
50c
25c
25c
.
3-19
3-27
-
1
8-13
1
(quar.)—.
'
1
3-
Electric
Carolina
5%
5-14
3-10
20c
1
4-
(Jacob) Co., 4%% pfd. (quar.)—
$1.12%
4>/2%
preferred (quar.)
$1.12%
Russell Industries, Ltd. com. (increased)
$17y2c
7% preferred (quar.)
'-,$$1.75
Russell Mfg. Co. (quar.)
,
37l/2c
Ruud Manufacturing Co...
25c
Rvan
Aeronautical Co
10c
V. 20c
..—...
4-
3-15
' "Vj
...
convertible preferred A (quar.)
Manufacturing Co.
South
Co.—
Brothers.
Ruberoid
1
1
25c
% y
Paul, Inc.'
Providence
Ross
3-22
4-15
$2
'
,
Roos
5
17 %c
-y.
&
5%
3-15
3-
12-
-
Standard Wholesale Phosphate &
5%
1
.4-
52c
South
3-13
3
1
common
4-1
30c
2-19
,
(quar,)
Corp., common
3-15
$1.25
$1.25
30c
40c
35c
20c
25c
10c
31 %c
<
25c
$1.25
2
3-15
Co., com.
...
Oil Co.
30c
50c
$1
10c
3-15
$1.12%
& Myers,
Soss
(irreg.)
(quar.)
Co.
1
3-10
3-24
r"
$1.50
—
Iron
&
Brand Clothes
Sonotone
4-
15c50c
25c
25c
Robbins
$1.37%
com.
Powell
preferred
3-12
4-
15c
3-10
4-1-
.»—...
—
L.)
2-27
4-1
:
(quar.)
Zl
Co. (increased quar.)
& Co., Ltd., com, (quar.)
(quar.)
Inc. $1.50 pfd. (quar.)...
preferred
3-12
30e
(quar,).—:
Co.
Pratt &
4%%
Controls,
Socony-Vacuum
9-
Paper
4-1
40c
Co.
Common
Raisin
Society
1
6-
(quar.)
Robertshaw-Fulton
4-
1
3-
3-15
(quar.)
Riley Stoker Corp.
5
3-15
3-15
$1.25
Milk
Powdrell
3-15
V.
3-
3-15
—
$1.25
:
Permutit
Pittsburgh
1
Steel
Sons Carpet
&
2-21
1
Riegel Textile Corp., common
$4 preferred A (quar.)
Corp.
(A.)
3-12
8T/2C
2bc
,
Extra
Paper
Smith
1
(quar.)
2-27
Robertson
common—
(quar.)—.—
(increased)
Pittsburgh
Richfield Oil Corp.
2-29
6-12
3-13
Sloss-Sheffield
5
3-10
$1.75
$1.75
; > $1.75
> $1.75
$1.75
$1.75
3-15
2
3-
3-15
50c
6-30
3-
3-11
$1.30
,
1
3-
>
10c
$1.12y2
*
prior preferred (quar.)
Inc.
(quar.)
5%
2-19
3-12
4-
.
-
(quar.).
pfd. class A
Skiisaw,
4-
(irreg.)
Co.
Richardson
40c
Co.
Pettibone
2-29
7%
1
'
Perfect Circle Corp.
Extra
7%
3-1
,
.
j;..—-i—.--—
preferred (quar.)
Peoples Drug Stores (quar.)
Peoples Gas Light & Coke
Peoples Telephone Corp. com.
Petroleum
7%
3-15
(quar.) —
$5
1st
7%
3-
1st
25c
Pennsylvania Salt Mfg. Co.———..'
;—,i.
Pennsylvania Telephone, $2.10 pfd. (quar,).
Pennsylvania Water & Power Co.—
Common
(quar.)
2nd
3-15
2-13
3-15
•
5%
preferred (quar.)
Pennsylvania Power & Light Co.,
4%% preferred (quar.)
4(4%
preferred
1st preferred
2nd preferred
2nd preferred
2nd preferred
3-15
50c
Pennsylvania; Glass Sand Corp,—
4)4%
1st
3-10
,
Peter
7%
7%
5
t40c
140c
!40c
J$1
(quar.)
(quar.)
(quar.)
(quar.)
(quar.)
(quar.)
preferred
1
3-4
Z; 4-
1
4-
,
(quar.)
3-15
3-8
3-26
—
;>y
ioc
Consolidated Mines (resumed)__
20c
Transportation (quar.)..—....
y.;.y
$2
Patchogue-Plymourh Mills
—
$20c
Paton Mfg. Co. Ltd. com, (quar.)— __———
$35c
7% preferred (quar.) .—.—
68 %C
Peller Brewing, 5(2% pfd. (accum.)—
40c y
Penick & Ford, Ltd...——
y 200%
Peninsular Grinding Wheel (stock dividend)
50c
Peninsular Telephone Co., com. vquar.j
: 250
S3
preferred (quar.)
y
30c
Penn Electric Switch Co. $1.20 pfd. class A_
C.) Co.-.._—
Pennsylvania-Dixie Cement Corp.
2-27
li-
3-26
,u
Utah
(J.
3-15
1..."
; 4-
J40C.
3-15
3-15
prior preferred A
6%
3-
1
3-10
3-15
60c
(quar.)
5%
3-10
r
60c
Co. (quar.;4J/2% pld. (quar.).__.
Rayon,
1
1
$$1-25
Extra
4-
—
...
1
1
4-
(quar.)
—
'* $1.50
Revere Copper & Brass, 5(4% pfd. (quar.)..
$1.31(4
5(4% preferred (quar.)
$1.31(4
Reymer & Brothers (quar.)
12J/2c
'Reynolds (R. J.) Tobacco Co.—
3.6%-' preferred
(quar.)
90c
Rheem Manufacturing Co.. common (quar.).' L
40c
Rice-Stix Dry Goods, common (quar.)
50c
■:
3-29
Parmelee
Pet
1
-6-15
:
Park
Pepsi-Cola
Extra
5
3-
..
15c
Co., 5% preferred ,(s-a)_——.
y-y
(quar.t-i. -
Park
Common
4
3-
3-22
5c
'
'Z..,
(quar.)—
non-cum; lst pfd.J..
(quar,)——
4-
Singer Manufacturing
2-27
3-12
$1.12%
Republic
5-
4-
5%
preferred'(quar.)—
Investors 'Fund. Inc.— ■
preferred A (quar.)
6% preferred B (quar.)
Republic Natural Gas (initial)
Republic Petroleum < increased)
Republic Steel Corp. com. (quar.).^
3
3-13
Ltd.,
4-
'
Pattern
Simpsons,
$1.75
$1.25
$4.50
3-10
Simplicity
3-12
1
\
(irreg.)__.
Co.
3-15
3-10
4-
,
$30c
(irreg.).....
Co.
1
4-
25c
15c
;
Steel
&
Saw
Skenandoa
50c
12(2c
$1.18%
dividend
Stock
2-28
,3-10
Tubes, JAd
—
3-15
7oc
Panhandle Eastern Pipe lane, com. iquar.).
'14- 1
t'.vJ-* $1
,'zz 4% preferred (quar.)
■*
3-27
30C
Paraffine Companies, hew com".: (initial)
■yyi", $1f- 4-15
4 %
preferred (quar.)
—
______—
3-24
50c
Paramount Pictures, Inc. (quar.;...—
Penney
1
Simonds
Simmons
3-15
50c
50c
6 Jo
Page-Hershey
■
1
$2.50
Packard. Motor
Pacolet
3-
,4-1
t
2
15c
:
Mills
lO
4-
8
3-
z
$1.25 :■>
Coast Aggregates
Pacific
3-
1
.4-
60c
Investors, Ir.c,—
$5
Pacific Indemnity Co,
3-15
3-19:
,
$i5c
(Minn.)- com
Pacific Coast Co.,
.
$25c
1
2-27
.
1
4-
$1.50
.L—-1—
preference
$1.50
Pacific
3-15
1
4-
t $ 1.25
Paauhau Sugar Co._—
Pacific
4-
$2
Electrotype
Rapid
31 (4c
(quar.)——
Co.
preferred (quar.)
(Pittsburgh)
(quar.)
3%%
5
3-20
3-10
3-15
Holders
Payable of Rec.
$15c
(quar.)
(quar.).——
5-31
37VaC
93%c
2V2c
25c
35c
37 tic
(quar.)
Purina Co.. common
Ralston
5
1
1
,
Ltd.—
Western Dairies,
preferred
t
■
________
4-10
15c
Corp.
Radio-Keith-Orpheum
.
5%
4-
87'/2C
2-10
"'■* !*,' 25c
(quar.)———
Co.
2-10
conv.
3-31
Brush Co,.^._—.
Fibre
3-15
$3.50
10c
(quar,)——
preferred
5%
2-10
$1.50
4%% preferred (quar.).
pfd. (quar.)
(quar.)
Common
3-15
Corp.
3-10
:RailwaysluJ.ii-*s.^-u--i;--*- %
Heat & Power, Ltd.—j.p
Light
Radio
3-10
4-
30c
$1
Electric
Ottawa
2-23
IOC
3%
Co.,
Elevator
4-15
Silverwood
2-27
1
"
•
Ltd., class A
Dairies,
(interim)
B
4->
$1.50
Oil Refining Corp
of America—
1st pfd. (quar.)
State
25C
(quar.
Oswego Falls Corp.,
Otis
Quaker
Class
4-
75c
Quaker Oats Co., common
6% preferred (quar.)
3-15
37 VaC
•Ontario Mfg.1- Cv
—_——
Ontario Steel Products, Ltd., com, (quar.)—.
7%
preferred (quar,>
1—
O'okiep Copper Co., Ltd.—«
Ordinary shares (a payment of 2s fid,, or
46V+c after South Afriea tax deduction);.
Ottawa
2-26
3-10
1
4-
Silverwood
2-27
3-15
$2
1
4-
2-27
n,
When
Per •
Share
.
of Company
3-15
25c
(quar.)..
Pyle National Co. com.
8%
preferred (quar.)
3-31
■—
Lean & Debenture
Ontario
preferred (quar.)...
(quar.)
conv.
convertible preferred
5%
Name
3-31
50c
SI.25
$1.25
"
y a
,
Monday, March 8, 1948
^
'
\
•y
Payable of Rec.
$1.18%
...
50c
—
Share
2'/2%
>
—
25c
•
(quar.)
common
1
2-20
:•
common
preferred
3-
2-25
50c
Inc.,.4% pfd, A (quar.)—
Oliver Corp.
(quar.);..—————.
Omar, Inc., cora(^>.--r^i^-^,—
6% preferred (quarj —
~—-8%
3-15
$25C
Olin Industries,
Omnibus
1
$1.10
(increased).—z
Service
3-
—
(Irreg.)
Co.-
Tube
Seamless
Ohio
,_s
com.
25c
I
(quar.)__
common
Co.- ——....—,—...a.
.
3-31
75c
(quar.)____——.
preferred
5%
Pure Oil Co.,
4-20
3-12
20c
—
Co....
(stock dividend).
preferred (quar.)
Pullman, Inc.
(quar.)
$4.75
15c
Ohio Edison Co., common-—-—-.
Ohio Oil
Publicker Industries
5
(quar.).—
Ogilvio Flour Mills, Ltd..
Ohio
2
3-
—
Title Insurance & Guaranty
4.40%
2-
25c
Co....
Co.
Candy
l!utrine
8
3-25
Corp.'—
Oak Manufacturing
Oakland
3-
40c
—
Holders
When
Per
■
Company
Name of
Payable of Rec.
60c
Gas (s-a)
;—
Northern Natural Gas (irreg.) ___
Norwich Pharmacal Co. (quar.)—-—
Ivorthern Liberties
I.'U-Enamel
:
•
Holders
When
Per
Share
CHRONICLE
FINANCIAL
&
THE COMMERCIAL
(1088)
52
25c
$1
1
3-15
3-
1
3-15
3-
1
Oil—
(quar.)
(quar.)__^__
(irreg.)
Timken Detroit Axle Co._:
"
93%c
25c
4-
1
3-18
3-15
2-25
75c
3-10
3-
50c
3-20
3-10*
5
Volume
167
Number
4679
THE COMMERCIAL
Per
Name of Company
Share
Tip Top Tailors, Ltd. (quar.)_
Tishmau Realty & Uunsuucuou tu.—
Quarterly
Quarterly
Quarterly
Tobacco Securities Trust Co., Ltd. American
__
deposit
receipts
deterred
lor
3-1
4-
8
3-23
Weot
25c
7-
8
6-23
West
25c
9-30
Todd
22.8571%
-
__
Transue
Williams
&
Travelers
Steel
Insurance
Treesweet
Corp.
3-15
Co.
Forging
Corp
Trinity universal Insurance (Dallas)
Quarteny
Quartei.y
1
Troy & Greenbusb RR. Association
___
Truax-Traer
Tucson
208
Gas
Soutli
Twin
Co.
Electric
La
Disc
(quar.)
Sake
Street
Clutch
Corp.
(quar.)
Co.
preferred
A
(s-ai
5%%
preferred
B
Union
Eag &
Extra
J
8-16
6-15
3-10
4-
3-20
3-
5
27 %c
6-
1
1
4-
1
3-15
3-
1*
(quar.)
3-10
3- 5
Willson
3- 5(
$1
4-1
2-27
Wilson
4-
'___
•
.
2-20
4-
3-
1
4-1
3-20
3-20
3-10
9c "
Bond
Fund
_s_
17c
3-20
Fu-id *"B"________-
15c
3-20
3-10
Union
Bond
Fund
Union Tw.st Dr.ll
Wire
United
6c
.....
<quar.)___l
Co.
Rope-
Artists
"A".
Theatre
Circuit,
5% preferred (quar.)
United Board & Carton,
6%
6%
non-cum.
United
(quar.)___
preferred
Carbon
United-Carr
United
Co.
fquar.)_„
Chemicals,
Elastic
United Gas
United
preferred
(quar.)—
(quar.)
Co.
*—-1
preferred
Steel
York
3-15
3-10
7-1
6-15
3-20
2-28*
&
Light
pfd.
4-
prior preferred
3-30
5c
preferred
4-
6%
7%
2-27
for
3-
j
4-
1
3-5
3- 9
4-
1
3-20
7-1
quar.)
10-
1
1-2-49
3-20
4-
1
1
3-
a
(Incl.
1
(Gross
1
3-12
4-
3-
the
year
&
sales,
-
admin.
63-
1
6-21
6-
1
3-25
_______
1
8-2
exps.______
Net
50c
3-15
4-10
$1
"
r,
J$1
4-22
>
-
50c
3-15
'
adj.
2-10
25c
4-1
3-12
(accum.)37%c
Walgreen Co., common <quar.)_L____
•
40c
4% preferred
(quar.)—
$1
4-1
3-
12c
3-15
2-16
3-15
2-16
.
4
Inc.—
62»/2c
4-
1
3-20
Walker
of
to ,surp.
______
mkt.
marketable
of
arner
Brothers
ashington
"aukesha
Water Power Co. $6
Motor
Co.
esson
Oil
&
&
pfd.
;(quar.)__j
Pump Co___
Wellington Fire Insurance
ayne
ells-Gardner
■
dollar
(quar.)
—1
past
Co.,
3-15
2-24
of
3-15
2-24
this dividend.
ties
Canadian
3-
8
at
the
lor
4-
3-
5
Net
3-15
2-25
4- 1
3-
4-1
3-19
1
Federal
$1,173,794
$1,039,552
999,573
1,364,593
1,092,252
Dr8,975
449,994
DrlO.OOO
stock___—
553,8-56
941,481
stock____
300.000
300,000
>400,000
492,500
1,230,500
29,590
•
income
ordinary
for
provided
Credit &
in
est.
Inv.
loss on
Corp., (in
4.840
realized
continue
at
Dividends
on
Dividends
on
,j,i Dividends
v
14)
had
company
first
pfd.
stock
common
on
NOTE-r-The
of
pfd.
second
appreciation
approximate
owned
securities
was:
As
the
at
Dec.
31;
As
of
Dec.
31,
same
______
^
ind-icated
the
in
cost
from
^
'
approximately
J
Fed.
for
value
ACCOUNT
S.
$20,377,238
1946—
19472_'__—,—__—
—
20,325,045
■
75j933
FOR
stockholders
CALENDAR
Canadian
and
$52,193
Decrease
as
YEARS
1945
securities,
investment
1944
in
(indicated
$
1947
at cost (indicated value $32,815,230), $19,325,616;
States & International Securities Corp., at cost,
United
value
$16,594,900),
$30,237,157.
first
$4.50
preferred
other
$9,629,469;
assets,
$12,000;
total,
'
'
LIABILITIES—Reserve
NOT
for
stock
and
taxes
(100,000
payable.
accounts
shares
par),
no
$79,450;
$10,000,000;
2nd preferred stock (50,000 shares no par),
stock
(985,000 shares
110
par),
$78,503; general
reserve,
$4,950,030; capital surplus, $650,422; undistributed net ordi¬
nary income, $411,066; net realized profit on investments, $13,997,719;
total, $30,237,157.—V. 166, p, 1621.
cumulative
$6
ABLE
$50,000;
133,892,103
DEC. 31,
SHEET
ASSETS—Cash, $1,139,720; dividends receivable and interest accrued,
$130,352;
companies)
1946
>
-
______
160,379,487
dividend
common
;
U. S. Industrial Chemicals, Inc.
______
(& Subs.)—Earnings—
6,315,715
14,806,378
35,727,371
57,206,352
'
14,761.234
■;
18,270,506
83,306,527
Cost
58,315,094
37,889,526
19,111,680
sales__.___.__~"
of
108, 287, 969
51,506,768
42,832,337
$4,084,911
$7,891,671
$3,374,291
2,177,120
Net
104, 185,353
Profit
-;
$4,111,870
110,380
101,630
208,408
252,543
of
facilities
income
Other
4,262,421
$2,507,561'
__________
disposal
on
surplus
5,384,110
$2,450,140
income____
oper.
Div. received
:_r_
1,634,771
$741,757
Sell., gen. & admin, exp.
34, 480,584
115, 968, 111
17,346,917
$2,918,877
3,244,922
37 889, 52G
15,000,000
$22,030,557 $21,431,828 $59,398,439 $51,206,628
sales
37.725,500
57, 206, 352
75,666,792
142,227,825
Net
1947—9 Mos.—1946
1947—3 Mos.—1945
Period End. Dec. 31—
14,857,664
'
293, 265
223,365
'
"19*284
440", 928
v
$2,571,054
$3,201,032
137,373
552,393
•280,000-'
creditS-J
815,000
Si
-
175,521
+
387,250
Gross
Income
to
secur. sold
parity
'
249, 725
Prov.
7,933
;
.
■
with
income
*
charges
for
Fed.
Net
.
.
$969,195
______
taxes
income
861,297,
392,521
1
1.425; 000
1.040,000
$2,432,857
$1,203,658
$1,768,511
439.241
49L241
439.241
•
.81.11
$2.41
$3.54
.
$551,802
outstandg.
$4,719,164
on
—
income
Shares
2,370,643
______
retire,
serV.
at
.
plan
mkt.
Dec,
<
value
2,919,010
2.939,800
27,966,414
37,692,5.52
27,833,364
27,833,364
<
(less
6,655
less
cap.
stock
standing
8-12
Earned
3-5
'Not
Inc..t—*•
50c
4-
3-15
counts,
per
surp._
195,195,410
142,227,825
out-
»
-
share____.__
including
returns
136,649
and
per
share
::
1947
and
167, p.
1943
dharges
aggregated
for
the
$807,904
months
nine
and
$733,886
ended
499.241
-
$4.87
Dec.
31,
respectively.—V.
752.
United States Plywood Corp.—Private
199,896
par)^.
(no
.treasury)____
-
securi¬
31
'Shares
Earn,
in
NOTES—Depreciation
5,150,970
declared
in
139,061,132
nf
nn
and
8-16
1
$1,360,106
205,669
taxes
income tax..-__
profit oil invests.____
capital gain tax on
undistributed profit
value
Frofit
3-15
^
$1,252,983
201,980
11,453
37,763
$1,407,473
196,493
16,681
20,500
$1,633,128
taxes—___
etc.,
liquidation)
;
9,479 788
$7.98
shares
allowances. ,*
9,366.488
-
held
,•
by
$6.10,
the
r
Financing—The
______
5
25c
156
1,473
Non¬
source.
tax.
the
53.021
2,187
——______
than
other
$1,192,334
———
franchise,
Prov.
tax.
4,705
dividends
as
—
Income
Total
Expenses
Reserve
will
rec.
income
State
non-residents'
deductible
securs.
marketable
10c
3-18
Other
1
'
232,894,617 175,545,106 146,720,485
Decrease
$1.75
__a__
3-
1945
1943
$1,374,686
30,599
$1,628,423
——
Securities
2-19
3-15
Interest
for
Totals
Ptivm^nts
'
(s-a)—'
to
Dividends
50c
1
1
—-
"
2-13
$1.50
:
—_______—
3-
3-15
,
10c
______—
for
dividends
-.held
3-15
37'/2c
Co._
Snowdrift
marketable
$1
(quar.)__
si
25c
YEARS ENDING DEC., 31
ACCOUNT,
1947
3-15
Adjust, arising from re¬
valuation of Canadian
50c
Pictures
made.
been
INCOME
valuation
applicable
reserve
>
t37»/2C
——
25c
(quar.)
75,666,792
United States dollar„_
preferred
(quar.)
has
tax
5
Cash
46,501,216
reserve
in
assets of corporation,
unrealized apprecia¬
net
taxes on
2-28
3-15
3-12
,
municipal
an
7-20
1
4-1
a
contingencies
Reduction
2-14
Mills
4-20
7-31
16,644,574
_________
surplus
Increase
the
quotations,
and
state
indicated value on Dec. 31, 1947, of approximately $50%
482,752.
Since it is impracticable to determine the Federal capital
gain tax which may be incurred in any future realization of the in
vestment proiits included
In this calculation, no provision for such
22,829,819
from
& International Secu¬
■
2-14
3-10
Extra
4-30
market
at
allowance for
had
tion,
3-20
3-
37 %C
postwar cont'g.
postwar
3-13'
1.,,
t30c
Wamsutta
H
1
3-15
Corp.—Report—
States
United
investment in
the
securities
other
389,420,731^311,308,725 350,953,710
depletion..
transf.
Transf.
3-31
4-
for
Previous
,
3-31
4-22
f
$4.50
v
*
at its indicated value based 0:1 underlying assets, secu¬
without quoted market prices at estimated fair value and all
rities
.
taxes..
Amt.
3-10
4-20
Res.
3- 5
3-20
<.
1
5614 C
315,000
income
alphabetical
alphabetical
Corp.
after
2Ec
Amortization
3-5
30c
A (quar.)—_—
(Hiram) Gooderham & Worts, Ltd.—
Quarterly
2-24
139,127,582 107,740,101
and
3-1
3-15
possible.
as
not alwaya
ia
in exact
promis¬
war-time
for
Income
7-15
3-15
J>
Walkei; & Co., class
2-27
14c
528,548,313 419,048,826 484,845,813
V.
notes
Deprec.
4-15
cominon—'
Production.
3-15
4-
$1.12%
_
521,844.814 414,988,315 481,521,285
6,703,499
4,060,511
3,324,528
3-15
5-
—35c
System,. Inc. '(quar.)
2-27
'•'
INCOME
sell., gen.
2.70%
on
Prov.
1
3-20'
3-
convi
2-27
3-15
Corporation and
year
Balance
Int.
.3-17
it
reasont
companies
before.
(net)
income
of
sory
1
mechanical
arrange
United States & Foreign Securities
rities
AVAIL¬
2
6-21
$2
Disney
3-20
(resumed).
1948
_______
income
Total
Cost
>3-8
3-15
6%
1-30
37 %c
wholly-owned U.
sales
Other
3-8
4-
3-20
Waldorf
1-30
8
$
«'■
4-
:75c
Walt
8
3-
Calculating
(quar.)
1947
1
50c
_
3-
*
CONSOLIDATED
3-20
3-15
50c.
'_____
position
2
tax..
3-10
4-
62'/2c
Extra
2-
to
However, they are alwaya as near
BALANCE
3-15
37,/->c
Wagner-Electric Corp. (oiiar. 1
Waite'Amulet Mines, Ltd. (quar.)
3-18
3-30
(quar.)—
income
during
of
against 75,490
3-10
4-1
37&c
—
______
3-30
possible
order.
-
(quar.)
12-21
$1.25
_____
50c
1947.
close
.
NOTE'—-For
3-15
$1.75
(quar.)
Funds, less 15%
9-20
30c
(quar.)
the
.
the
of
2-28
3-31
■
-
in
as
6-19
$1.25
^
Bj
140
2-27
(accum.$1.50;'
(annual)___
wil be. ma
te;,
April 1, next, through
smking fund, $3,293,000 first mortgage and collateral
series
due 196 7, at par and interest.
Payment
' <c Guaranty Trust Co. of New York, corporate trus.' ./. New York, N. Y., subject to the receipt by the
*_uemptlon moneys.—V. 167, p. 158.
%
.
3-19
3-31
Investment News >
construction
&t6
At
3-15
1
4-1
15c
Ltd_ (quar.)_'
WackerTWeIl3f Building Corp. '(s-a):
1
__—
(Continued from page
3-1
$2.50
Cotton)
4-
$1.12%
(irreg.)
Jamaica
>
in
1946
3-19
Co
income
1
4-
$2.50
(quar.)
4preferred
1
10c
Canadian funds, tax
15%; resident tax 7%.
30%
3-15
7l/2c
$25c
____P—________—^
4-
150c
Tube.,
Door
Corp.
British
3-20
3-12
62V2c
-
Detinning Co.,' common—
preferred ; (quar.)_>____—
25c
pfd. (quar.)
General
3-12
62 %c
—____
Wabash Railroad.Co..
Wabasso.
\
1
62%c
_____—
Vulcan
3-11
10c
3-10
62%c
,
—.
_
3-11
1
Prov.
3-15
$2
preferred: (quar.)
B
2
Net
15c
.—__
common
Less
Less
t
40c
Vikingi Pump; CO,_
Visking Corp.; class A. (increased)._________
Class
_
25c
Virginian Railway Co.,
6% preferred (quar.)
44-
bon
trust
invest,
2-23
4-15
$1
Virginia Elec. & Power, com. (initial
$5
preferred (quar.)_______;
2-28
5-24
3-30
(quar.)__
Virginia-Carolina Chemical Corp.—
$5
a
in
corporation has-called for redemption on
Tne
6
(reduced)—
partic, preferred
3-15
$1.25
in
8
(accum.)
(s-ai
4-15
(monthly)——-
preferred
in U. S.
tax
649,109,385 439,013,360 428,077,709
depreciation and amortization of $282,182,966
for
Gas Corp.—Partial Redemption—
United
4-15
4-30
\
preferred
conv.
&
193,061,359 192,886^494 192,879,842
195,195,410 142,227,825 115,968,113
a____
reserves
$269,101,493
latter
(quar.)
books not closed
8
Co
Inc.
$1.50
2-23
6-10
3-
5% preferred
Victor Products Corp.
6%
resident
3-15
3-10
Viau, Ltd., common (quar.)_—
5%
preferred (quar.)____^—$$1.25
Viceroy Mfg. Co., Ltd. (increased)
$12c
Vicksburg Shreveport & Pacific Ry.—
Common
1
3-10
50c
(quar.)
Co.
Steel
Products
IPayable
1
50c
(quar.)
Jr.
15,000,000
6,541,043
contingencies
optrat.on
(L. A.) Spring & Wire Corp.
tPayable
3-16
3-
2-
——_
.
2-19
$1.50
(initial)
1,648,144
2-25
4-39
.
6,951,326
1,648,144
conts.__
postwar contingencies
.Total:-Jl:
'
a20%
prior
4y2%
•Transfer
3-16
$2
Co.____—______—35c
preferred
Freeze.
1
3-15
$8.75
Knitting Co., common
5%
prior preferred (quar.)
5% prior preferred (quar.)__
Norman
4-
3-
—
8%
1
1
Govt.
-
and $256,690,326 in 1945.
tRepresented
by 9,479,788 shares at Dec. 31, 1947, 9,366,488 shares at Dec. 31, 1940
and 9,277,788 shares at Dec. 31, 1945.—V. 167, p. 752.
8-31*
3-15
(quar.)
Co._c—______
33-
under
for
"After
1
a35%
Co., 6%
Corp.,
Zonite
5-31*
11-30*
3-
50c
Youngstown
9-20
3-15
Utica
prior
6-20
3-10
35c
____
preferred
(Wm.)
?
'
1947,
30C
_
1
4,249,623
9,891,853
1,625,298
15,000,000
315,000
6,573,558
adjustment.,
^Capital stock (no par)
Earned
surplus
3-19
——
Youngstown Sheet
12-20
3-10
___________________
Products
3
liab.
Reserve
3-15
5-
wartime
for
Reserve
6,400^906
150,000,000
1967__
r.___
for
Deferred
17,748,843
6,958,343
63,755,803
Co., Ltd.—
convertible preierred
Young
2-25
112%c
______
1
(quar.)_
(quar.)
due
notes
7,024,866
44,541,881
liabilities
accrued
Provision
1
4-
(quar.)_
Young Davidson Mines, Ltd.
2-13
30c
(quar.).
Ltd.__
Co.
Utah; Power
\
3-
$1.12%
common
&
9
43%c
,
preferred
Corp.,
Stove
Velvet
5
3-
$1.25
common_______
Tobacco comL______—
Upson Walton Co
Upressit Metal Cap,
5%
3-
3-31
$2
„
U. S. Trust (N. Y.)
(quar.)
United Wallpaper, Inc., 4% preferred
Universal Match Corp.___
Van
3-12
$1
—
_____—
Corp.,
States
non-cum
5%
6%
62 %c
preferred
iiou-cura.
Universal
5
Lithograph—
preierred.
non-cum.
S. Steel
3-
1
2-27
(final)
Yellow Cab
3-29
3-12
4-
3-10
Wysong & Miles Co.—,
4-15
$14-1
(quar.)
3-19
$1.12%
(quar.)
(F. W.)
convertible
Wrigley
3-20
35c
U. S. Rubber Co., common-T——
United
3-
4-10
50c
________
&
quar.)
pfd.
Wrlght-Hargreaves Mines, Ltd.
70c
—
_________—__—
Printing
United
3-13
70c
Potash
United
3-12
70c
Card
3-19
1
$1.06'/4
(quar.)
6%
(quar.)
5
3-10
70c
—
1
4-
25c
Lothrop,
preferred
4y27«
5
"
22%c
Quarteny
Quarterly
Quarterly
U. S. Playing
a%*
3-
62%c
_
Pipe & Foundry Co.—
(increased quar.)
5%
1
50c
(s-a)___——__________
4-
;
Co.
prior
50c
A"____—_—.—.
3-19
(initial)________
4>/a%
50c
Common
Extra
1
4-
3-13
30c
—
1
Common
25c
Co.__—_—.
&
Bonus
25c
Leather Co., class
Lines Co., common
4l/2%
4-
$2.50
1
4-
1
75c
Worthington Pump & Machinery Corp.—
2-16
-
55c
(quar.)
3-17
20c
(quar.)
(increased
preferred
Co., Ltd.
Ordinary
2-24
25c
(quar.)
(quar.)
S.
7%
1
3-10
Mfg.
7%
3-10
3-10
1
3-22
1
75c
'
V
U.
U.
3-
4-1
4-
4-
75c
Steel Co.,* common
preferred
promissory
$1
15c
Woolworth
1
3-15
-
.
a_
Guarantee
8%
3-
25c
Manufacturers
S.
S.
3-10
75c v
Co.
&
Freight Co.
S.
5-12
2-24
$1.75
•
Corp.
Illuminating
Extra
U.
5-25
3-10
40c
(accum.)___
(quar.)
U.
U.
Woodward
8
25c
Corp.
Extra
S.
Woodley Petroleum
3-
50c
United N. J. RR. & Canal <quar.)_!
U. S. Fidelity & Guaranty Co. (Bait.)
U.
5-12
50c
Iac.__l
United Merchants
S.
5-25
3-15
5%
.
United
U.
8
$1.50
(quar.)
Fastener
Corp. $3 pref.. (quar.).:
United Dyewood Corp. 7% pid.
United Electric Coal (quar.)—a
S.
1
3-
$1.50
United
U.
3-
Woods
2.70%
Other
(quar.
3-15
r
25c
5
*
3-15
$1.25
common..—If;
preferred
Co.
Oil
(Alan)
3-
1
year
Accrued interest
Extra.
Wood
4-
of follow,
1
taxes
22,331,919
58,095,667
payable Jan.
Accrued
$1.06'/4
(quar.)
2-28
_!—25c
non-cum.
Wiser
3-10
3-19
5
30c
preferred
Power,
3-15
'
3-
28,199,416
9,479,788
payable
Accounts
4-
Hirsch, 7% preferred (quar.)__—
3-29
>
Inc.—-
.
Common
3-20
»
2 20
3-10
:—v
Grocery
20c
1
439,013,360 428,077,700
649,109,385
4-15
•
50c
Corp.J—,__
1,897,010
1
3-24
(quar.)
Wisconsin Power & Light Co.—
4V2% preferred (quar.)—
3-10
Bond
1,858,740
1
trademarks and goodwill—
20c
$4.25
Electric
1,927,372
1,782,344
Patents,
1
4-1
$1.25
.____
Co.
preferred
'
$25c
Co., 4>/a%
6 %
5-
50c
—
(quar.)
Lovett
2,011,132
23,553,864
2,393,052
25c
common
Wisconsin
3-10
27c
____
Union
Union
&
2,581,886
24,180,485
3,353,987
insurance,
LIABILITIES-
-
Company,
Winter &
3-8
3- 1
Union
.
Winn
8
3-10
25c~
---rr-——
F*und___—
Stock
3-10
common.
Products, Inc.—
&
3,127,142
24,338,440
taxes, etc
refund of cxc. profits lax.
Divs.
(quar.)__
Wisconsin
_
Fund.
Stock
Ltd.
Wilson-Jones
(quar.)
.1
933/4C
Union Pacific Railroad Co., com. (increased)$2.50
'
4% preferred
(S-a)f_>_'-_'__-—'-—.1
$2
Sugar Co.
Union Trusteed Funds, Inc.—
2
1
4-
$1.37%
(quar.)__
preferred (quar.)
Wilsil.
3-,12
233,059,702
equip..
&
Postwar
being
1)
preferred
3-12
50c
,
mach.
151,100,250 117,117,051
subsidiaries
Foreign
Prepaid
3-10
75c
issue
May
80,067,183
19,340,34^
3-10
common
on
91,749,094
1,886,198
refund.
tax
Total
Co
Stores,
4 '/4 %
*2oc 1
17%c
(quar,)_
preferred A
Coaiihon
6%
4-15
75c
Union Carbide & Carbon.^.
Union O 1 Co. of Californ.a—
Preierred
Wieboldt
25c
.
3-31
3-31
6,405,447
35,813,149*
companies
Affiliated
1
15c
Co.
Paper
3-
profits
excess
buildings,
'Land,
3-10
8
12 '/2c
(quar.)
Corporation
Whitaken
5-17
lirreg.)
Rubber
Motor
1
3-
5,624,821
i
Investments—
2-20
4-
46,008,828
accounts
Inventories
6-17
3-10
1,740,731
55,203,718
10,227,669
accounts
and
2-16
50c
(quar.)
(this
redemption
and
notes
and
34,000,000
111,971,398
notes
Other
Inc.
104,058,962
111,775,471
100,562,015
1,252,819
securities
Trade
3-l«
1
common
preferred
prior preferred
Whiting
5-17
6-
y
Union
White
5
27 %c
Paper Corp.
Union
$5
2-27
3-
133/iC
j.
Union
3-20
1
3-12
1
7-
1945
$
99,230,150
marketable
Other
3-25
3-15
31
1946
1947
1
U. S. Government securities-;
2-25
4-
DEC.
$
2-28
4-10
t20c
______
:
preferred
for
3-15
3-16
50C
(quar.)
SHEET,
ASSETS-
Cash
'
Co
Wheeling Steel Corp.,
3- 5
3-20
conv.
called
2-27
50c
—:
5 y2 %
6- 1
10c
-.
convertible
3-15
1
50c
Co
Wheeling & Lake Erie Ry.,
11-10
,
-
3-15
62tec
tquar.)
50c
2-25
$1.25
Ltd.
Timber
Osgood Co.,
8-10
11-15
50c
t
$3.75
5-10
25c
(s-ai
Udylite Corp.
Underwood
Corp.
Union Asbestos &
5-15
30c
(quar.)
Tyler Fixture Corp., commjn
5%% preferred
(quar.)——
5%%
Wheeler
$1.75
_
(6-a)
Power
&
Weyerhaeuser
2-20
3-10
4-
50c
Instrument
(George)
2-20
1
3-15
$1.25
Brake
Electric
3-10
25c
(increased)—.
L.ght
Weston
25c
-——.
Coal
Weston
2-27
3-15
1
5
25c
com
(quar.)
Air
1
4-
25c
(quar.)
preferred
Westinghouse
3-
12%c
.
preferred
3-12
4-
BALANCE
CONSOLIDATED
2-25
$50c
Stationery Corp.,
5 %
3-1
2-28
1
3-10
$4
__
(quar.)
8
3-15
4-
25c
(quar.)
Co.
Products
3-
2c
53
(Operating in the United States and Canada)
3-12
3-10
$1.12%
(extra)
&
5 %
3-
3-25
25c
(quar.)_
com.
3-20
25C
.__
Condensing Co.
3-15
1
$1.75
Service,
Tablet
1
4-
Products
Holders
25C
(quar.)
Western
2-20
4-
1S1.75
(quar.i_—__
Water
preierred
Western
3-22
_._
Trusts
Vuginia
When
35C
'
Westeel
15c
Corp.. (increased)
Royalty
General
(1089)
Payable of Rec.
17%c
—
Special
2-20
$1.75
(quar.)
CHRONICLE
Share
Co.
(quar.)
!
Co., common (initial)
Virginia Coal & Coke (irreg.)
Virginia Pulp" & Paper (quar.)
$4.50
3-22
buipyards
Bell
Toronto
9-16
,
Copipany
Gas
Penn Electric
West
15%
_
Ohio
West
(quar.)
Tom
West
registered
Deferred registered
(final)
Tobin tacKing Co., common
preierred
Name of
1
25c
_
FINANCIAL
Per
Payable of Pec.
4-
-
&
Holders
$7%c
,
____
(final)
7%
When
115,968,111 108,287,969
..*•«!'
t
(
*■*
9,277.788
$4.08
corporation.
9,277.788
,.
tLess
$4.06
dis¬
corporation March 2 announced it has sold $4,000,000 15year 3V4% debentures due Feb. 1, 1963, to a group of
six insurance companies. Proceeds will be added to its
working
business.
capital in anticipation of
a
larger volume of
The Bank of Manhattan Co. has been, appoint¬
ed trustee for
the issue.—V.
166,
p.
752.
54
THE COMMERCIAL
(1090)
Percentage
.
Utilities
INCOME
$10,795,287
-
—
4
Cost
sales
of
and
selling
expense
$1,828,954
——
^
——:
Inventories
910,873
—
Other
profit-
income
Total
profit
-
Reserve
for
Provision
.
—
receivable——
accounts
for
$931,166
444,741
91,448
150,031
—
,
Operating expense & other, deductions—
Federal
taxes.
income
profit
'After
share
common
,
ASSETS—Cash
banks
in
OCT. 31,
SHEET,
$1,665,500;
accounts receivable
(others), $6,815;
loans and
exchanges, $7,845; inventory, $362,263;
truck and auto account
(depreciated), $6,368; furniture and fixtures
(depreciated), $11,985; leasehold improvements, $3,034; total, $2,351,420.
(lease)
after
$203,739),
of
reserve
(trade), $193,492;
notes payable
(banks), $550,000; notes payable
(others), $19,100; accrued expense
and employee's taxes, $15,632; deferred liabilities
(emplovees' surety),
$7,064;
provision for Federal taxes on unrealized profits, $291,281;
common
stock
(par
value SI), $300,000; preferred stock
(par value
$10), $97,950;
capital surplus,
$485,344; earned surplus, $391,556;
payable
LIABILITIES—Accounts
This
per
p.
166.
share
common
(est,)
$3.71
—
1946
that
dividend of 25 cents per
Feb.
on
filed
19
SEC—
of
sinking fund debentures, due 1973. The names of the underwriters
will
be
determined
by competitive bidding.
Proceeds will be
used
for
corporate
including
purposes,
construction.—V.
pr 890.
167,
Net
ry,
—V.
$211,196
33,464
18,178
railway
railway---,.-.
from
Net
income..,
oper.
1947
37,900
16,905
sales——.—
(& Subs.)- -Annual Report
Vogt Manufacturing Corp.
income
Dividends
paid
Prior
310,000
$174,816
Jan.
1
——
adjustments
year
$25,288
1,417,028
-———
surplus,
150,000
1,361,038
(CD...
24,368
Life insurance proceeds
and
36,972.887
_—
27,772,672
•
662,245
$2,015,284
$550,009 Oct.
8urplus,
Dec.
31
——
—
share
common
;
CONSOLIDATED
...
$1,638,732
board' of directors.
——
12 Mos. End.
Oper.
$591,174
$2,179,675
—
—
53,030
profit--
209,499
Federal
BALANCE SHEET,
200,000
$0.88
band
on
securities
and
$640,033;
Net
accounts
and
marketable
in
banks,
stocks
receivable,
at
$957,603;
cost
U.
(market
$472,790;
cash
$436,293;
patents,
deferred
$1;
value
$652,293),
surrender
charges,
LIABILITIES—Accounts
for
Federal
and
payable,
Slate
$313,576;
income
taxes
value
$72,131;
accruals,
(less
U.
■
1945
$1,579 483
r 283,871
111,047
165,719
.
Interest Payment—
due
interest
The
July
1946, Jan.
1,
provi¬
cates
having stated value of $5 per share), $1,000,000; surplus earned, $1,639.732; total, $3,164,934.—V. 163, p. 949.
1948;
to
ment
of
carry
the July
$202,500;
stock,
common
200,000
no
Wellington Fund, Inc.—Declares 20-Cent Dividend—
The
directors
have
payable March 31
income.
net
and
Sept.
to
declared
stockholders
Payments last
30,
20
cents
stock, at holder's option.—V.
West Fenn Electric
Power
output of
the American
ously
ended
Feb.
the
over
28,
the
record
were
and
as
Dec.
of
20
March
follows:
29,
40
-per
share,
from ordinary
17,
March
cents
cash
167, p. 693.
Co.—Weekly Output—
electric
properties of this company
(previ¬
Works & Electric Co., Inc.) for the week
totaled 105,567,000 kwh., an increase of 14.32%
92,353,000 kwh. for the corresponding week of
1948,
output
of
INCOME
ACCOUNT
FOR
YEARS
ENDED
sales
other
income
1946
income
(net)
:—...
213,043
.
charges
Income
for
119,818
taxes on
the
income
year
;
Incj,
dividends paid or declared
Common dividends paid or declared
annuity
cost
of
past
service
plan.
Profit
on
sales of
Release
of
men's
-
the
for
reserve
New
reinvested
the
at
York
retained
or
beginning of„ the
Earnings
end
per
of
State
Work¬
1
—
2,174,411
FOR
15,775,529
The
,
$4.93
1947
$4,641,135
151,753
for
are
shares
$4,699,705
$2,766,817
866,681
849,746
870,000
$2,470,229
Pfd.
stuck;
....
,
period
dividends paid
"I
—
$2,373,024
$1,047,071
157,627
162,402
166,785
•
$2,312,602
Equal
per
share
on
common
stock
that
$2,210,622
$880,286
$2.56
$2.45
$0.98
holders-,of
to
at
the
purchase
close of
30,000
its
4y2% pre¬
16, the right
preferred stock
on-
Feb.
will accrue
will
be
of
at
5
p.m.
1, 1948,
preferred
to their record stock holdings,
allotted
cn
each
subscription,
except that at least two
and
thereafter
in
pro¬
the
subscriber, whether or not all the 30,000 shares of 4.80%
stock
are
by
preferred
issued and sold by the company.
UNDERWRITING
OF
PREFERRED STOCK--The purchasers
to purchase from the company
the respective percentages set opposite-their • names of
such of the
30,000 shares of 4.80%
preferred stock as are not subscrJoed for by
the preferred stockholders.
have
agreed; severally and not jointly,
properties
bus
and
business.
expended
.
V,
through provisions for deprecia
of earnings. The manner i
and-the additional fund
the retenfc on
ia» 1949
be required for-the,completion-ef the construction program
for the-years 1950, 1951 and 1852 w 11 be financed
the-light of conditions existing when such fund
may
estimated,
determined in
required
167.
required: is
amount
the
and
mere
definitely
026.
d.
known.,
.
Wyman-Gordon Co.—Buys Wartime Facilities—
The
War
operator,
The
sale
Nov.
The
ings
for
some
of
The
under
1945
sale
of
company
has been operating tile
facilitie
lease.
used during
was
various
sizes,.
,
,
.
Droperty involved in this purchase includes, among other
acres of land,
a group of
14 major buildings and five
16
buildings.
drb
the war for the production of forg
aircraft engines.' crankshafts and propellors for the arme
It will .be continued principally in the production of crank
property
services.
shafts
price,
1,
the
lor
fair value.
appraised
has -approved
facilities at Harvey, 111., to the above compan
$2,671,025 cash, it was announced on
2
WAA said, is approximately 91% of the. property"
forging
steel
wartime
since
Administration
Assets
hammer
The
(below)
electric
sold
the additional funds required
be
are
outstanding
business
shares of 4.80%
motor
now
will
portion to the unfilled portions of the respective subscriptions.
Subscriptions pursuant to
this offer shall not be cancellable
amor¬
1,460,000
and
March
holder
in proportion
-
for
on
Each
$2,615,064
58,570
record
of
for
and
accumulated during- the per od
which
400,000
;-V '
■ -r
.
stock entitled to subscribe may subscribe
as many
whole shares as he desires.
If more than 30,000 shares
subscribed for. allotments will be made among the subscribers, first
(CST)
1946
991,402
profit
'
;
f»"d
communit es
and- amort'zat'on- and
tion
,
PREFERRED, STOCK
at. $100 per share (flat). Dividends of. efch of the shares
from
and
including March 1,
1948.
This offer expired
.
QUARTER
1,555,000
Net
subscribe
OF
derived 90.72%
.
-L—'-Xii—•, 600,000
.6J—
-
offered
company
stock
ferred
78,150
tization
$2,000,000
-
central heating service.
period
funds
Company—
&
ut l'ty
public
Wisconsin
a
1947 to 1949, inclusive, will require in 1945F approx mately
$6.OCO.000 in addition to the proceeds from the rale of the S3,000,0"
of
Series B bonds and 30.000 shares of 4.80%
preferred stock an
r
———v.—L
Company
is
of
revenue
Wisconsin
in
its
as
$4,938,481
deprec., deplet. and
Blair
Illinois
1,331,490
$1,332,639
1947, the company
12 months ended Sept. 20.
comrany
the
B
.
William
The
1948
operations
income (net)
SERIES
OFFERING
FIRST
for the bonds as3VaS were; Lehman
& Hutzler, 101.311; Blyth & Co.,
Jan.
OF
1,371,998
$1,459,739
the f'rst nine months of 1947
approximately $3,692,600 for additions, exten
t ons and improvements to its properties, and est'mates that it wi!"
expend for those purposes in the period Oct
1, 1947, to Dec. 31
7949,
approximately $13,018,000, of which about $2,590 000 will b
expended in connection with the. installation of an addit onal 25,00
kilowatt steam turbine un t at its B'ackhawk station at Beloit, $3,130,
COO for the construction of additional transmission lines and substa
tons,
and $7.297,OCO
for the construction of additions, extension,
and
improvements to its- urban and rural distribution systems an
other facilit'es.
If demands for electric service continue to increase
the company estimates that its. expenditures for additions, extension,
and improvements to-its propert'es in the years 1950, 1951 and 195'
may
aggregate approximately $12 950.000.
V <
It is est'mated that the completion of the construction program Io
100.90;
dated
Stuart & Co. Inc.
Halsey,
100,000
$11.40
ACCOUNT
Bros,
1,035,785
$2,825,091
$2,840,637-
CONSTRUCTION PROGRAM—During
the
102.01%.
company
follows.
.
$27,142,250 $20,233,721
—
share——
from
for
$2,283,781
546,503
"
to
$5,016,631
Prov.
1,316,496
20,233,721
sold
BONDS—The names of the several
purchasers, of the bonds of Series R and the principal amounts of
such
bonds
agreed to be purchased by them,
respectively, are as
the business
year^—__a—
INCOME
653,989
2,165,837
$6,262,026
year--—--
common
CONSOLIDATED
Other
752.
and Kidder, Peabody & Co., 100.901; Harris, Hall
and The First Boston Corp., 100.779.
1, 1943; due JanI 1,- 1978.
Interest payable
on Jan. 1 and July 1 at office or agency of the company in Milwaukee
or
in New York.
The bonds will be redeemable at the option- of the
company, in whole at any time or in part at any time and from time
to
time, on
not less than 30-> days' not ce.
The initial redemption
price is 105Xa plus interest to date of redemption.
"
are
the business at'
retained in
or
the
in
3 Months Ended Jan. 31—
Profit
p.
Light Co.—Bonds Offered—Hal-
Salomon
101.461;
PURCHASERS
—
timber from company's woodtax applicable thereto
Compensation Insurance-'
Income
649,606
on
(Inc.),
Bonds
3,850,000
2,707,296
Federal
Income reinvested
/
Weld & Co.
Co.
&
$5,103,607
:
lands less
;
101.31; Wheelock & Cummins, Inc., 101.093; Glore, Forgan & Co.
Harriman Ripley & Co., Inc., 101.0637; Shields & Co*. 101.0539;
White,
group
1—
Balance
6,700,000
—.—
under
and
168,888
$10,935,424
—
——
Preferred
Unamortized
167,
&
Other bids received by
...
Estimated Federal
:
Co. Inc., William Blair & Co. and The
March 1 offered $3,000,000 first mortgage
Feb. 25 on its bid of
594,897
$86,202,099 $67,806,826
Cost of products sold incl, wages, materials, etc,
60,899,656
51,733,833
Dtpr. of plant & equip, and depl. of woodlands
3,461,528
3,286,002
Selling and administrative expenses—
4,085,673
3,664,496
Other
8.—-V.
March
Stuart &
Brothers,
Total
New
bonds, series B, 3V8% due Jan. 1, 1978 at 102.46% and
accrued interest.
The group was awarded the bonds on
31
$85,989,056 $67,211,929
,
Miscellaneous
for
Illinois Co.
OCT.
1947
Net
Proposed—
Wisconsin Power
sey,
West Virginia Pulp & Paper Co.—Annual
Report—
CONSOLIDATED
,
Montreal,
of
-v:
v
$2,714,129
ad'a-'ent? rural- -areas in 31
energy
at wholesale to 25
to three (rural coopera¬
tives and eight other public utilities.' At the same date, the company
suppl'ed manufactured .gas at -reta'F vto .28,352 customers in 15 ccrrtmun ties,
water service to 8 961 customers in two commun'ties and
central heating service
to 186 customers .in. Xwo communities..
The company was organized in. Wisconsin Feb. 21, 1917, as Eastern
W'sconsin
Eleetrv-Co.
Name changed to Wisconsin Pow^r fc L-ght
Co. Apr'l 14. 1924.
As of March- -1-,, 11947, the company acquired the
properties of Sheboygan Electric Co., Wisconsin F^ctr c Rci-way Co,,
Eastern
Wisconsin Railway & L'ght Co.
and Battle Island Co.; in
7.924 the properties Of Wisconsin Power, I.'^hc & Heat Co.. Janesvllle
Electric Co., Badger Electric Service Co., Mineral Point Public Service
Co. and Middle Wisconsin Power Co • 'n 1925 and 1926 t^e properties
of
Portage American
Gas Co., Beloit Water, Gas & Electric Co.,
Southern Counties Power Co., Wisconsin R:\er Power Co., Southern
Wisconsin Power Co., and Central Wisconsin Power Co.; in
1827 t'->e
property of the New Gas Light Co. of JanesviUe and in 1929 and 1939
the; propert'es of Southern Wisconsin Electric Co. and Northwestern
Light and Power Co, During these and subsequent years, the company
made
other
acquis'tions, principally electr'c utility properties, and
expended large sums in the development of the propert'es acquired
in
the construct'on of
transmission lines, generating stations, sub¬
stations
and distribution systems.
In 1844 and 1945 the company
Co., New
Empire Trust
set
been
986.
p.
••
$2,831,757
electric.,'ut'lities owned bsvjnunic'DaFties and
York, N. Y., trustee for the first gen¬
eral mortgage bonds, and the Canadian Pacific Ry., large holder of
those
bonds, have requested the United States District Court at
Minneapolis, Minn., for authority to use Wisconsin Central surplus
cash for the purchase of th* bonds on tenders.
A court hearing has
The
in
or
:
'.
•
Bond Purchase
June 30
31,
in
1948. and subsequent coupons.
bonds is payable at the Bank
1,
the
on
N. Y.
York,
cents
$3,861,476
HISTORY—Company
AND
unipcornorated
and
Water
167,
1947.—V.
of
year
each;
dividend
a
37,535
$3 905.915
1.
operating
its
counties,
be
Interest
89,277
counties
deposit therefore, be quoted ex-interest 10% on March 17,
the bonds, and certificates of deposit? therefor, shall con¬
dealt in "Flat," and the bonds to be a delivery in settle¬
Exchange contracts made beginning March 17,
1948; must';?
of
$2,742,430
33.623
plied electr'c service at reta 1 to 150.821 customers in 320 incorporated
in
Wisconsin
and sold electric energy at wholesale to 25
1,
1, 1947, July
that
tinue
$150,000),
$2,676,594
$3,822,848
70,287
$16,186,035 from the sale of electric tv,
7,55% from the sale of gas, 1.46% from the sale of water, and 0.27%
from central heating service.
At Sept. 20, 1947, the company slip-
and Jan,
Treasury tax
par
shares
notes,
534 OCO
1.718,118
$3,835,623
d'stritr't'og 0nd sell'ng water and supplying
For the
of
>•' '
1, 1948, on the first general mortgage 50-year 4% gold
bonds, clue 1949, will be paid beginning March 17, 1948, and said pay¬
ment on bonds represented by certificates of deposit will be made to
holders of record at the close of business on "March 9, 1948.
, "
The New York Stock Exchange directs that the bonds,
and certifi¬
1947,
1,765,340
1,975,800
tax
principally in generating, distributing and sell'ng electric
in southern and central Wisconsin.
It is also engaged, to a
extent,
in
producing,
d'stributing and
selling manufactured
mnor
gas.
-"
■
,
1946,
1,
Jan.
1,716,461
522.100
——i—
income
energy
1946
317,262
-
1,730 215
1,640,100
engaged
$1,757,602
162,141
income—_
life
total,
$9,127;
S.
Net
Government
S,
$3,164,935.
sion
*4,690
oper.
1 626 358
1,777,818
1,622,400
etc.,, deductions^i- --1,065,278
Int.,
;
1947
$1,922,197
•'
388,428
from
from
Net ry.
DEC. 31, 1947
insurance, $16,674; merchandise inventory, $519,410; real estate, plants,
machinery, equipment, trucks, at cost (less reserve for depreciation,
$705,497))
1948
railway$2,212,743
railway—317,106
January—
Gross
1.549,144
?. 933,603
income
BUSINESS
Ry.—Earnings—
$14,395,207
5 190.829
|
799.911
(net)——
income
Gross
947,719
Fed.
income
oper.
Other
1944.
taxes-
than
income
excess-profits
Net
$0.05-
record;—V. 167, p. 589.
18-year peacetime
an
'Deficit.
ASSETS—Cash
$332,315
$1,283,444
$0.41
'
the December,
—'
Dec. 31
1945
1946
894.500
——
other
Taxes,
—
————
share.
common
broke
also
Years Ended
—
1,667.015
—-———
Depreciat on
7,266
843,200
.
-
v
'1,064.343
—
——
Maintenance
42,092
———;
.
,
$16,186,035 $14,903,365 $14,736,176
5.223.955
5 255,258
6,063.046
revenues——;—
Operation.
employed
not
estate
(real
city, Federal and Canadian
taxes
income (est,)——————————
per
EARNINGS
OF
Sept. 30,'47
expense
by
.
140,893
1947, quarter
period last year.
Production
of 12,402 vehicles in December set an 18-year peacetime monthly record
and resulted In a dollar volume of $15,017,808;
Output of 595 units
for one day,
Deo. 31, was the highest for any day during the year
$1,417,028
$2.42
—
divdend rates,-not exceeding 8%, as may be determined
I • :
v-.h.;
and such
■the
—
200,000
—
shares outstanding—
Earnings per
1952.
1,
aut
$450,281
164,391
Company produced 32,884 vehicles in
as compared to 26,747 units in
the same
and
that may be
first mortgage
be at any time
and the aggre¬
stock",; or
666,423
1.314.529
1,477,789
—
Wisconsin Central
Common
The
orized preferred stock is issuab'e as "4M>%
preferred
"4.80% preferred stock" or In one or more other ser es
w.th such designations and such redemption prices, not less than par,
$30,203,906
for
Earned
30,702
23,520 *
—
3 000 OCO
12,809,250
print-pal amount of first mortgage bonds, Series B, 3,/,8%. due
1978, which may be at any t ms outstanding wi 1 be limited
the .supplemental indenture creating the bonds of
es B,
tDue $250,000 semi-annually April 1, 1948, to April 1, 1652,
fT^e
1946
$41,128,206
——
income—
1946
$175,288
■—
—
Balance
Earned
1947
$484,816
:
2,800,000
10,000,000
$15X00,000 "bv
Fed.
Calendar Years—
3,000,'.)00
Jan. ;1,
and
1947
in operations)——;
Miscellaneous deductions
Net
$"0,000,000
the total amount of bonds
aggregate principal amount of
fix
not
thereunder.
31/'4%; due Aug. 1, 1971. wh'eh may
outstanding is limited by the indenture of $40 000 000;
(& Subs.)—Earnings—
Operating profit—
on
——
bo^ds, Seres.A.
SUMMARY
167, p. 752.
Net
does
'Indenture
if sued
to
and amortization
—
General and administrative expenses——,—
Prov.
*
*
$2,860,000
1371
1978—--
$1001— — 120,000,000
stock
—
—1
preferred stock—————
stock, par value $10 per sharec
21,500 000
Common
1932.
p.
Depreciation
Taxes
$118,087
28,582
17,097
$171,425
$214,244
54,734
26,932
1,
1,
gate
162,
Cost, of sales-
Other
1945
1946
Jan.
"5,4.80%
Conn.—Stock Div.—
outstading 64,616 shares of preferred stock,
also presently
are
Total income-
1948
from
3'/8%v due
preferred
4»/2%
Ser
Utah Ry.—Earnings—
January—
Gross
Aug.
B,
Series
.....
serial notes, unsecured.—
Preferred stock,
cumulative
(par
$5.
Net
statement with the
1973, and $3,000,OOO
registration
o.
$3,CCO,0C0 first mortgage bonds, due
bonds
3V±"ft. due
t2%
on
Feb. 25 approved a recommendation of the
stock dividend be paid on the common stock.
which became effective about March? >l^?lncreased
common stock from 99,600 shares to 199,200 shares
Willys-Overland Motors, Inc.
company
>
PRESENT FINANCING *.
Authorized
OatstancJ.
^
A,
Sides
$2.36
Utah Power & Light Co.—Registers with
•
.
.
TO
EFFECT
GIVING
mortgage
First
100%
a
improvements to the prop¬
company.
CAFITALIZATION
Quarter Ended Dee. 31—
The
the
of
erties
extensions and
of additions,
the cost
ing
>
Williams Co., Hartford,
$5.—V.
par
509.
SEC covering
to
1948. borrowed and. used by. the company in 1947
pay con¬
costs of additions, extensions ana. improvements to its prop¬
The remainder of the net proceeds also w 11 be appl.ed to pay¬
5,
erties.
$73,385,705 $67,368,976
____
distribution,
There
1947
-—.
18 declared an extra
Feb.
on
outstanding
the
par
1
—-:
stockholders
d.rectors
Upson Co., Lockport, N. Y.- -Earnings Estimated—
Earnings
struction
the
(J. R.)
The
surplus represents profit for six months operations,
after deducting provision for Federal taxes of $150,091.—V. 167, p. 293.
NOTE—Earned
—-V.
20,233,721
usual quarterly dividend of 25 cents per share on the
common
stock, both payable April 1 to holders of record March 15.
Like amounts were disbursed on Jan. 2, this year.
Payments on . the
common
stock in 1947 totaled $3 per share, which included a yearend dividend of $1.25 on Oct. 15.—V. 167, p. 89.
total, $2,351,420.
Calendar Years—
Aug.
27,142,250
.
directors
and
the com-,
the 30,900
prpd
thout
14,435,700
Extra Dividend—
Declares
The
share
1.00
exclusive
4.80%
of
27,836,341
comparative purposes.
for
w
1.00
1.00
the sale of the $3,CC0 000 Series R bonds and
preferred stock w 1! be applied to the prepayment
premium of notes payable to banks due April 28, 1948,
from
14,435,700
-
■"-Reclassified
receivable
890,404
shares
790,404
1.00
—
pany
27,836.341
Total
accounts
$287,970;
transit
and
Hundley
162,402
val.)
retained in the business—
or
Thomas
758,577
3,051,831
144.357 shs., par $100)
(outstanding
reinvested
Income
1947
Cqrt:r H.
3.25
Co.—
&
O Gara
1.75
Wouters
Harrison & Co.
Gillespie
5.00
Co.—
&
1.75
&
5.00
113,727
———.—
—
—
Co.,
162.402
'
(outstdg. 902,432 shs, of no par
stk.
Homer
:—
Ross
Mullaney,
Alfred
M.Kee
10.00
&
F. Dalion & Co.
Dayton & Gernoa
& Jaeckel3,
Inc.C. Denison—
Gardner
Holley,
Curtis
Haydon
Company———_
&
Aim
10.00
10.00
Paine, Webber, Jack.son &
Harley,
ley & Company—
R
(Inc.)
2.50
2 50
2 50
1.75
1.75
Co._
PURPOSE—Approximately $2,750,000 of the net procSeds,
of accrued interest and accrued dv dends, to bo received by
>2,904,881
payable and accrued liabilities
preferred stcck. payable Nov. 15—
(less U. S. Treas. tax notes)
on
stock
Pfd.
Com.
Bingham, Sheldon &
Br. un, Monroe & Co
Milwaukee Co.—-—_
The
2.50 *
Co
A.
10.00
10.00
Com¬
Republic
Inc.--——
LIABILITIES—
Reserves
31, 1946, net profit after reserves for
Federal income taxes and bad debts, were $138,045, equal to 46 cents
per share on 300,000 common share.
BALANCE
37,995,499
G.
Central
Best &
C.
15.75
:
and Co., Inc.
Becker & Co. Inc.-
Allyn
C.
A.
662,913
32,187.251
A.
pany
$73,385,705 $67,368,976
'
Total
Dividend
the year ended Oct.
NOTE—For
8,455,577
Fed. inc. tax prov.
requirements.
dividend
preferred
foi
provision
$244,886
$0.81
—*.«.
,
per
2,140.035'
681,265
& depl.__
Property and plant, at cost less depr.
Accounts
Net
'Earnings
5.314,365
10,272,170
1,051,717
on
Wisconsin Co.
The
Govt,
S.
tures
13,085
■
Percentage
*1946
$8,336,665
7,882,648
prepaid exps. allocable to future opers.
securities, segregated for expendi¬
properties, at amortized cost
Investments, including securities deposited un-.
der Workmen's Compensation Acts
$918,081
—
■
,
11,191,882
—„_L
*
Insur. &
U.
Gross
3,787,407
accounts--
Receivables, less estimated doubtful
Sales
OCT.. 31
1S47
k
ASSETS—
Cash
1947
OCT. 31,
SIX MONTHS ENDED
POE
ACCOUNT
Etc.—
Corp.—Earnings,
Specialty
&
SHEET,
BALANCE
CONSOLIDATED
United
1948
Monday, March 8.
CHRONICLE
FINANCIAL
&
'
•
«i
,-
'
.
;
»
.
item1
mino
.
convertihg th
property for-peacetime Droduction of commercially salable items wi
aggregate $1,129,145.—V. 150, p. 1301.
The
company
indicated
to
WAA
that
the
co*t
of
Volume 167
■
-"
"
:
-Number 4679
THE COMMERCIAL ; &
FINANCIAL
CHRONICLE
"
(1091)
■
55
State and City Department
BOND
ALABAMA
Phoenix, at
of
cost
Auburn, A'a.
'
Bond
Sa e—The
$6.0,000 water
t
530—-were
p.
to
a
group composed of Sterne, Agee
at.
Leach, Watkms, Morrow & Co.,
!and Hendrix & Mayes, all of Bir-
about 3.34%.
The bonds
dated Feb. 1, 1948 and mature
1958
are
000
se¬
and
par
accrued
est.
"
the
the
Bond Cail—b.
plus '?
year's inter*
A
*
Howard, City
b.
at
the
First
-"
Bank, Florence.
"•
-
Invalid
■;r
law
N,-.';
.
^
Feb. 20 that
on
condemnation
a
law, it
condemnation
park
method
by which
be
may
determined
law.
up
a
not
to
ing
bonds.
up-to
Directly affected
year-old
battle of
•
(
been
State
tribunal
with
utility
sation
tions
,
ties
t
the
in
cisco
to
for
be
high
improvements,
date
served
are
upon
with
against
it.:
School
Districts
orice
ofered
891
p.
—
March
1
bid: of
167,
v.
—
and
were awarded to a group
Co., and Kirby L. Vidrine & Co.,
both of Phoenix, and Paine, Web¬
ber, Jackson & Curtis, of Chicago,
3s, at a price of 100.006, a basis
of about 3.285%. The bonds will
bear supplemental
sale
ing:
•
■
,
$84,000
,
!
consisted
1
Gila
Bend
bonds.
School
bonds.
follow¬
be
High
Due
of
the
the
to
basis
1967
held
Due
Costa
inclusive;
District
Jan.
No.
24
.
of
$120,000
to
1949
to
Kenneth
on
1967
A.
1
from
&
syn¬
about
high
314s
National
Trust
of
Co.,
of
2.366%,
from
1959
on
,*•
able at the
The
follows:
$130,$13,0001 on
as
City Treasurer's office.
next
net
interest
cost
of
$182,000 as 21/4s,
2V2S. ";
987—were
of
2.375%,
and
March
the
an
;■:
16
the
vot¬
issuance
of
|
sold
for
not
less
issue,
;
awarded
American
Bank
the
to
National
Trust
&
basis of
a
about
2.615%.
Dated
May
1, 1946 and due serially on
May 1 from 1953 to 1963 inclusive.
Second
234s
high
was
Co.
bid ;of
101.085
for
made by Wesley Hall &
in
Bond
Election
to be held
will
—
At
to
election
April 13 the voters
on
consider
the
issuance
be
will
Election—At
held
City, is required.
(P. O. Greeley), Colo.
Offering — Alice Fager-
berg,
Secretary,
sealed
bids
March
on
an
consider
the
was
the
bonds.
tion
held
on
Voted—At
Feb.
11
an
the
(MST)
1964 to 1968 inclusive. Bonds mar
Principal and interest (M-N) pay¬
able at the County Treasurer's of¬
fice.
Bidder
three
pressed in
to
not
name
more
of
rates
interest, ex¬
multiple of Vs of 1%.
a
A certified check for
$14,000,
able
the
to
order
of
pay¬
District
Treasurer, is required. Legality to
be
approved by Pershing, Bos¬
worth, Dick & Dawson of Denver.
CONNECTICUT
Avon, Conn.
Bond Offering—John H. O'Neill,
will
of
receive
Hartford
National
March
$350,000
bonds.
school
Dated
clusive.
rate
1968
2V2s
inclusive.
1948.
for
Dated
Second high bid
$80,000
2s,
$60,000
and
$85,000 2%s was
by R. H. Moulton & Co.
made
Bond
will
A.
be
Offering
—
by
Summers, until 8
Sealed
Mayor
Bidders
1948
coupon
1948.
Due
to
in
1%.
of
payable
De¬
on
name
the
multiples of
Principal and
at the
bids for less than par and ac¬
No
crued interest will
It is
upon
be considered.
requested that bids be made
Split bids
the basis of $100.
not
considered.
be
FLORIDA
bids
Local
Paul
Sharply
De¬
nual
of
Road
Public
that
(State of)
and
Bridge
Pared—The
Debts
recent
an¬
State
Board
Administration
shows
of
report
the
the
$300,000,000 of road and
bridge indebtedness incurred by
nomination
Jan.
counties
1,
1953
now
as
p.m. (EST)
purchase of
April 1,
Florida
(MST)
on
March 11 for the purchase of
$250,000 electric revenue coupon
Jan. 1, 1948.
$1,000.
Due on
follows: $22,000 from
of
the
Trust
Hartford
Co., Hart¬
ford. Registerable- as to principal
only.
The legality of this issue
will be passed upon by Robinson,
Robinson & Cole, of Hartford, and
the
purchaser will be furnished
With their opinion without Charge.
will
p.m.
Dated
the
at
&
National Bank & Trust
Junta,. Colo.
received
Bank
$1,000.
interest
of
one-tenth
15,
Finance,
as
interest
to
of
bids
April
follows: $30,000*from 1949 to
1959, and $20,000 in 1960, all in¬
1,
ings Association, of San Fran¬
cisco, at a price of 100.044, a basis
of about 2.565%, as follows: $50,000 2V4s, due on March 15 from
100.10
for
15
nomination
of America National Trust & Sav¬
1949
to
1953 inclusive; $130,000
2y>s, due from 1954 to 1963 inclu¬
sive: $15,000 2y2s, due in 1964 and
1965, and $45,000 23/4s, due from
Board
sealed
Co., Hartford, until 3
on
Bond Sale—The $225,000 build¬
ing bonds offered March 1—v. 167,
p. 590—were awarded to the Bank
elec¬
voters
receive
a.m.
turing begininng May 1, 1959 will
be callable, in inverse numerical
order, at par and accrued interest,
on May 1,
1958 or on any subse¬
quent
interest
payment
date.
Chairman
District, Yolo County (P. O.
Woodland), Calif.
bonds.
County (P. O. Salinas), Calif.
Not
Calif.
Winters Joint Union High School
election
of
10
the purchase vof
for
$700,000 not to exceed 2y>% inter¬
est building bonds.
Dated March
1, 1948. Denom. $1,000. Due May
1, as follows: $35,000 from 1949 to
1953
inclusive; $40,000, 1954 to
1958 inclusive;
$30,000, 1959 to
1963 inclusive; and $35,000 from
COLORADO
Salinas School Districtr Monterey
Bonds
Barbara,
March 2 election.
La
issuance
will
until
16
Chairman
of
April 13 the voters
on
the
$2,000,000 water bonds
defeated
by the voters at
Roseville, Calif.
Bond
to
Defeated —The proposal
$400,000 recreation bonds.
*0
legal opinion
own
issue
of
an
his
Santa
March
Piedmont, Calif.
pay¬
>
payable
1966
'
the
Bonds
/ ;;
'
the purchaser
of the City. A cer¬
Bond
BoaCd of Supervisors, is required.
as
City, Calif.
$250,000 construction
election
Calif.
Ibe
be
furnish
to
Each
as
for
$78,000
Savings Association, of San Fran¬
cisco, as 2%s, at a price of 101 202,
'
Offering
will
to
$1,000.
Rate of
multiples of y4
Principal and interest
at
to
highest bidder was
Lawson, Levy & Williams, of San
Francisco, at a price of 109,013. a
.D
County (P. O. Martinez),
Bond
interest
1968, all inclusive.
Principal and interest (F-A) pay¬
San
-
■
bonds
Sale—The $260,000 sewer
011 Feb. 26—v.
167,
National
inclusive.
Ellis
clusive.
Denomination
Bond Sale—The $207,000 sewer
bonds offered March 2—v. 167, p.
made by the
was
Association
consider
Dated
April 1, 1948. Due $15,000 on
April 1, from 1949 to 1973 in¬
is required.
;
— w.
T. Paasch,
County Clerk, will receive sealed
:
All of the bonds are dated Jan.' bids until 11 a.m. (PST) on March
15 for the purchase of $108,000 not
1, 1948. Second high bid was made
to exceed
5%
interest building
by
a
syndicate
composed
of
bonds, Dated April 1, 1948.
De¬
Refsnes, Ely, Beck & Co.; Henry
nomination
$1,000.
Due
$3,000
Dahlberg & Co., Boettcher & Co.,
from 1949 to 1954, and $5,000 from
Bosworth, Sullivan & Co., and
1955 to 1972 inclusive.
Principal
Petfers, Writer & Christensen.
and interest (A-O) payable at the
Pittal County High School District
County
Treasurer's
office.
The
No. 4 (Pi, O. Florence), Ariz.
bonds will be sold to the highest
Bond Sale Details—The $300,bidder for cash and lowest net in¬
000 school bonds recently awarded
terest cost to the District.
The
(
bonds, pay¬
County Treas¬
2s, maturing
1, from 1949. to 1958, and
$130,000 as 2V2S, maturing $13,000
suc¬
a
Second
for
Election —At
will
School District bonds.
of the
April
and
Lafayette School District, Contra
Jan.
5%
siVe.
'375,000 Menjo Park Elementary
certified
p.
County
School
on
for
A
the
as
Willows), Ccdif.
to
furnished
1963; $26,000 in
1965,. and $27,000
1966 to 1968, all inclu*
000
""
ers
1,
1948.
Due
follows: $25,000
as
to the legality of the bonds. A
certified check for $1,000 for each
Hamilton Union High Sch. Dist.,
Glenn County (P. O. -
Bond
1,
of
Principal
a
America
March
cost
$161,000 construction bonds.
from 1949 to
84,000
the
';
7:
District
of
1, 1951.
of
Savings
City Elemen¬
District bonds.
March
County Treasurer's
office. The purchaser will require
Francisco.
interest of 1%
from date of issue to Jan.
The
&
School
Datch
able
inclusive.
$605,000 3s
Bank
composed of Kenneth A. Ellis &
tary
891—were, purchased by Weeden
& Co., of San Francisco, at a
price of 100.0299, a net interest
awarded
100.044
follows:
as
Redwood
of 1%.
Valley Union High
(P. O. Riverside),
: Calif.
100 15,
$508,000
and
Dated
1981
to
Bond Sale—The $168,000 school
!
purchase of $883,000
5% interest school
exceed
bonds, divided
from
April 1, 1948 and
due serially on April 1 from 1953
(P. O. Phoenix), Ariz.
bonds
of
2.98%,
to
March
a.m. on
and
Bond
Savings Bank & Trust Co.^ Cin¬
cinnati; Commerce Trust Co., of
Kansas City, and the Pasadena
Corp., of Pasadena, as -3s, at a
of condemna¬
not
purchaser.
furnished
be
than
Paasch,
dicate composed of Barcus, Kind¬
red & Co., of Chicago; Provident
addi-
proceedings
the
bonds offered
T.
furnished
987—were
o.
proper-
Maricopa County
for
1964
Calif.
Bond Sale—The $725,000 build¬
ing bonds offered March 1—v. 167,
con¬
^carried out after
which it has been
notice
sealed bids until 11
Marysville, Calif.
bidder.
•
Principal
be
the
Mateo County School District
(P. O. Redwood City), Calif.
Bond Offering —W. H. Augus¬
tus, County Clerk, will receive
16
by
tified check for $5,000 payable to
of
construction
1949 to
will
will
San
from
urer,
1, 1948.
April 1 from 1949
order
Ccachella
conflict
extensions of its
or
District
ac¬
Weld County School District No. €
payable
at the
Treasurer's office. Legal
able to order of the
Herrington of San Fran¬
will
cessful
not claim compen¬
may
?
issuance
be
include with his bid
tabulation showing the total in¬
at the expense
bonds.
issuance
disposal bonds.
successfulbidder.
(A-O)
Brown &
provides, in effect, that
which
tion
held
the
both Federal and State
stitutions
a
which
"
\
.
the
hospital
April
Dated
Sch. Dist.
section
the
School
inclusive.
Francisco
Treasurer,
is
required.
Legal
opinion of Orrick, Dahlquist, Neff,
and
conducted in both State and
The
consider
interest build¬
5%
inclusive.
payable
the
condemn
will
will
cost to maturity.
The ap¬
proving opinion of Pershing, Bos¬
worth, Dick & Dawson, of Denver,
election
an
bid
no
terest
O.
April 13 the voters
on
of
Orrick,
Dahlquist,
Neff, Brown & Herrington of San
payable at
the
County Treasurer's office. A cer¬
tified check for 5% of the
bonds,
Federal courts.
y
:
County
opinion
a.m. (PST) on March
purchase of $875,000
exceed
nterest
City of
acquire
the properties of the Tucson
Gas,
Electric
Light and
Power
Co.
Various phases of this fight have
to
the
1973
to
the four-
was
Election—At
be held
iinterest! (A-O)
$1,000,000
recreation
and
.
Due $35,000 on
the
-'
•
for
15
value
utilities'
an
Offering—W.
bids until 11
actually taken over
by municipalities, which was not
possible
under
the
invalidated
Tucson
1973
(P.
of
bidder shall
Banning), Calif.
Bond
$200,000
Bond
ito
"y!
election
County Clerk, will receive sealed
time they are
I
101.99.
Costa County.
Bond
Such
said, must set
was
election
an
designated
a
Gorgonio Pass Memorial
District
Bank
required to
cepted for less than par and ac¬
crued
interest.'
Ihe
City will
deliver the bonds at any bank
March 16,
Sept. 17, 1948.
on
are
than two rates of
more
interest, and
$1,894,000 42nd
National
Bidders
not
name
dated
are
Hospical
to
"
!
Union High Sch. Dist.
(P. O. Martinez), Contra
pro¬
law.
San
in April the
consider
Martinez
Alhambra
pending the enact¬
by the State Legislature of
valid
Election—At
be held sometime
check
of others
a
Bond
voters .will
CALIFORNIA
ceedings and preclude the initia¬
ment
at
bonds.
area
units is unconstitutional.
decision's effect was to halt
tion
date of
of $187,000 sewage
issue; of
an
memorial
relating to the condem-
current
2%
Larkspur, Calif.
to
Election—At
consider
Su¬
taxing
all
for
to
to be held in April the voters will
Law
State
Bend
.
nation and acqusition of privately
owned public
utilities by local
The
check
the notes
1948 and mature
of the bonds bid
payable to the County Treas¬
urer, is required.
March 2—v. 167,
on
Co.,
The
preme Court ruled
No
consid¬
-or,
1, 1952.
little Reck, Ark.
(Sta'e
—
certified
be
States
Denver.
series) to Salomon Bros. & Hutzler, of New York, at 1.12% inter¬
a premium of $33.
All
v
>
of)
Condemnation
Utility
the
3 V2 %sfrom
purchaser.
will
000 41st series and
of the par value
'
y,.'
r\'
;
Arizona
Ruled
interest
A
the
bids
(P. O. Martinez), Contra
Costa County, Calif.
Offering—W. T. Paasch,
p.
892—were purchased by the
County Clerk, will receive sealed
Dabbs
Sullivan
Co.,
of
Little
bids until 11 a.m. (PST) on March
Rock, at 102. Dated Jan. 1, 1948.
Due serially on Jan. 1 frorp 1953 ,15 for the purchase of $875,000
not to exceed 5% interest build¬
to 1968 inclusive.. The next
high¬
ing bonds.. Dated April 1, 1948.
est bidder was the W. R." Stephens
Due $35,000 on April 1 from 1949
Investment
,
Arizona
y
of
bonds offered
National
-
'
.
ered.
to
result of sup¬
bear
furnished
Special School
District) Ark.
Sale—The $900,000 school
Bond
f
on Aug.
refunding
-general
1, 1957, Nos. 10; 12; 14; 18; 27;
35; 44; 45; 66; 77; 80; 86; 89; 93; 95;
; 126; 128, and 131. bonds will be
retieemeti
of
conditional
ARKANSAS
Ala.
bonds, dated Feb. 1, 1937, due Feb.
,
extent
f
£lei k, calls for payment
series
be
1949
$20,000
Fort Smith
Florence,
"1,
will
issue to Jan.
interest
a
1957;
from
United
est, plus
in
inclusive, and $60,a
America National Trust & Sav¬
ings Association, of San Francisco,
at 1.12%
interest, plus a premium
of $8.66; $3,194,000 notes
($2,000,-
April 26, 1948, and will be
delivered at the County Treasur¬
er's office.
The legal opinion of
Orrick, Dahlquist, Neff, Brown &
Herrington, of San Francisco, as
to the validity of the bonds will
$20,000 from 1961
bonds
'
-
about
3s, due
$20,000
$40,000 2V2S,
1955;
1£60
to
3s, due
than par and accrued interest. The
bonds
will
be
delivered on or
plemental interest coupons,! all of
Feb. 1, 1951 or on any sub¬
sequent interest payment date, at
on
premium equal to
and
1963 inclusive. As
rially on Feb. 1 from 1949 to 1978
inclusive. Callable in whole or in
part
as
due
$20,000 in
1956 and
$60,000 23/is, due $20,000
mingnam, and Fox, Reusch & Co.,
of Cincinnati, at a net interest cos.
of
1954
in
1
167,-p.
follows: $40,890
IV2S, due $20,000 on Jan 1
and 1950; $40,000 13/4S, due
in 1951 and 1952: $20,000
in 1953; $40,000 2V4s, due
z— v.
awarded
net interest
3.09%—v.
987—were sold
Revenue bonds offered Fee.
',16V,
par, at ,a
about
PROPOSALS AND NEGOTIATIONS
during the twenties has
been reduced to
$123,000,000.
to
1957, and $28,000 from 1958 to Ralph Potts, Director of the Board,
1962, all inclusive. All bonds ma¬ noted that $10,000,000 of debt was
turing on and after Jan. 1, 1954 extinguished during 1947, with
San Diego County School Districts are redeemable at the option of the bulk of the necessary funds
the City as a whole or in part in coming from gasoline tax receipts.
(P. O. San Diego), Calif.
Bond Election
At an election inverse numerical order on any When the Board, pursuant to a
amendment,
ac¬
to be held on April 13 the voters interest payment date on or after Constitutional
1,. 1953, on 30 days' pub¬ quired supervision of the debt 17
will
consider
the
issuance
of Jan.
lished notice at 102, and accrued years
ago,
the
counties owed
$275,000
Oceanside
Elementary
The City reserves the $160,517,148 in bond principal and
School District bonds, and $195,- interest.
in interest. At the
000
Oceanside-Carlsbad
Union right to issue additional bonds due $135,351,275
Jan. 1, 1963, in an amount to be end of 1947, the amount of prin¬
High School District bonds.
determined by the City and noti¬ cipal had been reduced to $89,San Francisco Housing Authority,
fication to be given the success¬ 398,022,
while interest charges
did
not
issuance
$2,500,000 construction bonds.
the
approve
of
—
Calif.
ful bidder
Note Sale—The
$8,380,000 notes
offered March 2—v. 167, p. 987—
were
awarded
as
follows:
$5,-
186,000 41st series to the Bank of
stood at
interest rate
refunding operations, average in¬
by March 18, 1948. The
on the 1963 maturity
shall be the same as the 1959 to
1962
maturities.
interest
(J-J)
Principal
payable
at
and
the
$33,665,010. As
terest rate
from
on
a
result of
bonds was trimmed
5^% in 1930 to the present
nf J.C&
niirintr 1047 the State
56
THE COMMERCIAL
(1092)
at
$1,357,000 bonds
cn an average rate
of 1.80%, as
compared with the 5.3% average
carried on the original indebted¬
ness. Of the approximately $10,-
Board refinanced
$110,000 bonds.
High Springs, Fla.
Certificate
O f f e r i n g—G.
(EST)
Nov.
1,
from
1948
to
1953
000, 1954 to 1962
1970
from
inclusive; $3,-
inclusive; $4,000,
inclusive; $5,000
1974 inclusive and
to
$6,000 from 1975 to 1977 inclusive.
maturing in 1957 to
1977 shall be optional for redemp¬
der
so
of
tenuis
par
of redemption
of
bidder
identifying the certifi¬
cates to be redeemed will be pub¬
lished at least once not less than
tificates
SO
in
journal
of
general
circulation
published in New York City. Bid¬
ders should specify
the interest
rate
which shall be
a
st.
authorized
were
certificates I
The
'rate.
s
Nov.
is
ence
W
h i
c
Bond Election
on
The
sued.
a
submit
certificates
be is¬
additional
h
,ranking
parity
tion
may
said
issue
an
'/
City will furnish the
certificates
the
for
A
—
held
be
bonds.
,
and
voters'
of
/,'/
Bond
bonds
ceive
Fla., within 30
cays following an award. A cer¬
tified check for 2% of the princi¬
pal amount of the
required.
,Inverness,
Bonds
quence
Purchased
Carbondale Grade School District
No. 95,
In
bonds
on
41/2%
were
sold to Barcus,
«
Kind¬
receive
JPalm Beach
■>{*c
and Bridge District No. 20
(CST)
chase
~
H>i
;
struction
2.7—v.
11
bonds
167,
p.
offered
on
591—were
Feb.
at
pur¬
Dated March
),!1948/Due serially
par
r
••.•>8% if redeemed
•
accrued
and
interest
.
.
.
to
County (P. O. Lihue),
-
;•
j..
167, 'p/-591-4-
and
at
one
bid
A,J
4
f
■
follows:
as
3 %>
case
accrued
interest to
Enclose
a
certified
check
for
payable to the Town
series
*
that
*
bonds
the
a
(CST)
$25,000 in
and 1959;
$112,000 as 214s, maturing $27,000 in 1960; $28,000 in 1961 and
1962; $29,000 in 1963; $91,000 as
2%s, maturing $30,000'in 1964 and
1965; $31,000 in 1966; $99,000 as
3s, maturing $32,000 in 1967; $33,000 in 1968; $34,000 in 1969; $142,000 as 314s, maturing $34,000 in
1970; $35,000 in 1971; $36,000 in
1972, and $37,000 in 1973, all in¬
bonds.
1951
from
1963.
to
$4,000 from 1964 to 1967, all
and
name
the
rate of interest but no award
will
and
payable at the City Treas¬
'
office.
urer's
and
par
Principal
interest.
accrued
interest
than
less
for
made
be
to
Bidders
inclusive.
:
clusive.
'
Dike Consolidated Sch. Dist,, Iowa
Bond
Election—At
to be held on
will
MASSACHUSETTS
election
an
issuance
the
j'
Grafton, Mass. \
Note Sale—An issue,of *$1'00,000
March 8 the voters
consider
and 1952;
ing $24,000 in 1956;
1957; $26,000 in 1958
purchase of
protection
April 1, $20,000 in 1949; $21,000
1950; $22,000 in 1951
$23,000 in 1953 and 1954; $24,000
in 1955; $101,000 as 214s, mature
1, 1948. Due Nov. 1,
$2,000 in 1949 and
$3,000
1950;
the
for
of
tax notes wa?
$200,000 construction bonds.
purchased^on. March
by the Mechanics National Bank
0.865%. Due $50,000 Dec. 1 and Dec. .15/ X9481.' The
1
V
•
'
Sold—Sparks
Bonds
Des
-V*
Manchester, Iowa '
Moines,
!
of Worcester, at
& Co.,\of
purchased
recently
100.413. i
offered
on
which
These
are
the
o:$73%/ 1 / /
>
rejected. :
were
£
:
Election—At
-
will consider the issuance of
bonds.
/£•
i4
:■.:
S..
TMaiden, Mass*
t.'/ \,
Approved-hAn fssue - p£
City 'Council./:.
$50;-
*
'
•
i
Bonds
$20,000 veteran's housing bonds
was >. approved
recently;, by;.; the
,*h;7r
election
an
to be held on March 12 the voters
000 water system
:i'
m
'
Norwalk, Iowa
Bond
chants National Bank;,
bonds
Feb;-18—v. 167, p. 988
bids
:
^
'the Mer¬
Boston: at
next highest bidder wa^
$150,000 bonds, as 2%s, at a price
Massachusetts (State of) :
-
Note Offering
—
Laurence Cur¬
J \ tis, State Treasurer, will receive
bids in writing until 11 A.M. on
Bond Sale Details —In connec¬
tion with the sale of the $3,200 March 8 for the purchase of $5,-
Perry, Iowa
'
■
B not to exceed
Due $3,May and $3,500 Nov. 15, (not $8,349.35) special assessment
1983; $3,500 May and Nov. 15,1 sewer bonds, to R. C. Lutze, ol
1984, $3,500 May arid $4,000 Perry, at par; as reported in our
Nov. 15; 1985, $4,000 May and Feb./9 issuer—v. 167,,p. 696—we
000
.
certified'/ check .for
$300,000 payable to the'District, is '/
■
1963;
31/2% interest bonds.
.
'
sale.
before
the date fixed for redemption.
35,000
the "entire issue of
not less than par
rate of interest/ and
at
otherwise conform with the notice
of
15,
Clerk-Treasurer.
will
'
awarded to the Haseroto Co ' ''rwiiirrp^
1
A iS'OfvV <-* *
K
No
Dated March
redeemed after May 15,
offering the low¬ "$1,000,
interest.
purchase
/ $15,000,000
Sale — The $550,000 3%
improvement*' bonds ; 'of¬
fered ;(Febiol0—v.
.
•"
•
be considered that does not offer
HAWAII
'-./i Hawaii
of
or
if
1003,
prior to maturity, plus in
May
9
flood
$59,000
at
each
operate may be bid for the entire;
The bonds will be award'est rate
on
learn
sold for
in
receive
will
Clerk,
March
on
of
and
specify the:rate of interest
multiples of Va of 1%.. Only
ed to the bidder
City
sealed bids until 7:30 p.m.
before
:
issue.
payable at the Chase Na¬
tional Bank, New York City.
were
the
M.
price of 100.142, as
follows: $155 000 as 2s, maturing
were
Dated March 1,
Decorah, Iowa.
Offering—Charles Ander¬
Bond
May 15, 1958; 6%-if redeemed
after May 15, 1958, and on or
Vt
on
shall
(M-S)
•'.< Bond
at
option of the Town in whole
in part, and in inverse
numerical order; on any in¬
terest payment date after is¬
suance at face value, together
with the following premiums:
$15,000,000 construction
coupon
bonds. Dated
payment date, thereafter.- Bidders
in
bubiic
redeemable
be
2
1979, and
15,
,or
1, as follows: $850,000 from
19.51* to.' 1967, or omany interest
March ' 1;! from 1049 to 4970
inclusive.
Principal 'add interest
on
t'-'-r'C
1978; $2,500
May and $3,000 Nov.
1980 to 1982. The bonds
shall
Jan.
chased b,y Thomas• M. Cook & Co.,
West
Palm
Beach, a? 314s.
!
1975 to
,
of
Kauai
and Nov.
15,
April 1,1948. Denom. $1,000. Due
Florida
■
Sale—The $200,000 r; con-: J art,' 1, 1968... $14,500,000 optional
■
Bond
of
15,
$2,500
$2,500
pur¬
bids
May and
May
a.m.
March 11 for the
on
series
(P. O. West Palm Beach), /
.
'<
County Special Road
until
11
sealed
$2,000
Nov.'
ing Clerk Board of Trustees, will
Feb. 24.
Nov.
1974,
.
on
May
$500
15, 1961 to 1965,
$1,500 May and Nov. 15, 1966
to 1968, $1,500 May and $2,000
Nov. 15, 1969 to 1972, $2,000
May and Nov.1 15, 1973 and
$1,500
Co., of Chicago, as 3s, at
par, and mature on Jan. 1, as fol¬
lows: $17,000 in 1950; $27,000 in
Palm Beach, Fla.
1951; $28,000 in 1952 ' and 1953;
Bond Offering—Hugh G. Bruce,
$29,000 in 1954; $30,000 in 1955;
Town
Clerk-Treasurer, will re¬ $31,000 in 1956; $32,000 in 1957;
ceive sealed bids until April 1 for
$25,000 in 1958, and $43,000 in
the purchase of $500,000 3% beach
1959, all inclusive/
protection
bonds.Due
serially
from 1952 to 1956 inclusive. These
Chicago Sanitary District, III.
Bond Offering—D. T. Hill, Act¬
are
the bonds authorized at the
election held
not to exceed
Felix
to
Rives, of Shrevesport, at a net inr
terest cost of 2.82%, as reported
in our March 1 issue—v. 167, p.
on
works
revenue
follows:
Due
(P. O. Ruston), La.
Details—In connec¬
bonds
houses
court
■
15, 1951, $500 May
and $1,000 Nov. 15, 1952 to
1955, $1,000 May and Nov. 15,
1956 to 1960, $1,000 May and
,
•
A
bonds.
v.. ■
with the sale of the $700,000
tion
1948 and due in 20 years.
p.m.
and Nov.
,
&
red
March 2, the city purchased $10,500 refunding bonds of 1943,
2:30
purchase of
Sale
Bond
p.
Bank of Spencer.
*
$300,000
educational facilities bonds, as re¬
ported in our Feb. 16 issue—v.
167, p. 791—we learn that the
conse¬
the.
King,
will re¬
until
,,
March
$2,000 is re¬
■/■■//,/'; ;>"•
Lincoln Parish
988—were awarded to
Farmers
Trust
&
Savings, 988—we
167,
—v.
son,
series
$100,000
connec¬
sale of the
tion with the
Fla.
—
bonds, divided as
III.
Details—In
Sale
Bond
certificates is
of the call for tenders
water
$135,000
ia St. Petersburg,
bids
sealed
March 24 forthe
on
was
"
;
&
LOUISIANA
and
The $35,000 con¬
—
will fur¬
opinion of
Cutler, of Chicago.
approving
;•
issuance
bonds^ offered
struction
Clerks-Treasurer,
special quired.
March 8 the
a
Iowa
Sale
the
Chapman
Cornell Consolidated Sch. Dist.,
4' INDIANA
Town
$40,000
department
equipment
sofd'onMari. 13.
street
construction bonds.
April 13 the voters
the
issuance
of
Nashville, Indiana.
Offering — Fred
:
Bonds Sold—Art issue of
will be made
on
consider
■;/
Principal and interest (J-J) pay¬
able at the Louisville Trust Co.,
A certified check for
purchase
site
$195,000
Bond
bridge
$195,000
of
interest will be considered.
crued
/
;
consider the
will
voters
bid for less than 102l/z plus ac¬
no
Louisville.7 The County
election to be held on
$800,000 County sanitorium bonds.
considera¬
■
bonds.
specify the interest
for the bonds, but
may
rates
or
nish
District, Iowa
Election — At
Bond
thereafter at
Jan. 15, 1965.
1960;
rate
Independent School
Lake
Clear
County (P. O. Joliet), III.
—
At an election
be held
will
special elec¬
April 13 to
on
The
and
and prior to
15,
on
Bidders
Indianapolis, in joint account.
Bond Election
to
101
1,
and
on
Jan.
IOWA
—
Jan.
1951, upon terms of
prior to Jan. 15, 1955;
thereafter at 102 on and prior to
103
by Halsey, Stuart & Co., Inc., and
the
City
Securities
Corp.,
of
The
interest payment date on and
after
made
was
Jan.
any
$750,000
Dec. 22, 1947.
storm sewer construction
j'
for IV2S
100.402
of
bid
White-Phillips Co., of Davenport,
has contracted to purchase $7,000
:
?
Campaign, III.
approving opinion of Chapman &
Cutlerfof Chicago, and all bids
may be so conditioned.
Delivery
cf
&
ILLINOIS
will
on
awarded
were
issue of
an
$240,000 in 1951 and 1952,
$90,000 in 1953. Second high
and
issue of $35,000
Oconee, III.
Sale Contracted
Bond
Co., and
Co.,
jointly, for $787,000 21/2s,
$76*8,000 214 s, at par.
tion
and
cates
/; /
Aurora, III.
of payment of said certifi¬
the
conditions upon
source
3
10, as follows: $.90,000 in 1949 and
elec¬
Will
26, 1947, to which refers
made
for
the
limited
cn
jointly,
100.417, a basis of about 1.38%.
Dated March 10, 1948. Due March
Roy, III.
bonds were authorized at an
■
i./'/;
by the City Commission
Louis,
March
school bonds, as IVis, at a price of
was
tion held
Childs & Co.,
1950;
improvement
bonds
local banks.
street
ordinance
by
"adopted
St.
Bank,
Garrett-Bromfield
maturity bearing the same
interest
Paul,
J. M. Dain &
multiple of 14 of
1% and with all certificates of the
same
Le
Sale—An
Bond
■ ;
Chicago, and the Mercantile
Commerce Bank & Trust Co., of
on
purchase of
Denomination $1,000."
15, as follows: $3,000 in
1950; $4,000 from 1951 to 1956;
$5,000 from 1957 to 1962; $6,000
from 1963 to 1968, and $7,000 in
1969.
Bonds
maturing
on
and
after Jan. 15, 1952, are to be op¬
tional for redemption prior1 to ma-i
turity as a whole or in part in the
inverse order of their maturity on
School City, Ind.
Sale—C. F.
Bond
for the
1948.
15,
Due
of
V
-
•;
15
$100,000 not to exceed 3V2% in¬
terest hospital bonds.
Dated Jan.
refrain
and
March
on
A bidder may
£v':
Bend
South
the issuance of
tion bonds.
submitted in ac¬
series
one
Wallace,
County Court Clerk, will receive
sealed bids until 10 a.m. (CST)
the other series.
The approving opinion of Ross,
McCord, Ice & Miller, of Indiana¬
polis, will be furnished the pur¬
the voters approved
$400,000 construc¬
held recently
Sattley & Co.,
National
for
bid
election
an
Leitchfield), Ky.
Bond Offering—Porter
from bidding for
Community High School
205, III.
Bonds Voted — At an election
Co.;
First
said certificates
rates for
or
At
sold recently to
H. V.
are
cordance herewith.
District No.
Co.,
Field Richards &
bids
or
Lanark
St. Louis,
R. W. Pressorich & Co.,
Milwaukee
or
bid
system bonds.
sewage
& Trust Co.,
a
—
Grayson County (P. O.
be
the
bidder
$24,000
will
series
highest qualified
bidders therefor, whose
to
awarded
the voters approved
of $64,000 sanitary
issuance
the
1948.
Bank
a
KENTUCKY
The
bidder.
each
by
each
of
III.
Villa,
Voted
held recently
i
'
Mercantile-Commerce
prior to the redemption
newspaper or financial
days
date
was:
named
bonds
is¬
construction bonds.
plant
Denomina¬
the
of $150,000 sewage disposal
suance
interest rate shall
one
chaser.
Lake
City. The next highest
New York
of said cer¬
any
1,
be
Feb. 5.
Bonds
Principal and interest (M-S) pay¬
able at the City Treasurer's office,
or
at the Chase National Bank,
redempfion will be
and accrued interest. Notice
the
March
Dated
clusive.
subsequent to Nov. 1, 1957,
that on and after Nov. 1,4973,
than,
regular
voters will consider
the
6
'
14 of 1%, and not
in multiples of
the
City election to be held on April
Rate of interest to be
$500.
more
Co., of Chicago. These are the
bonds authorized at an election
on
Kingman, Kan.
Election—At
Bond
payable to the
Dated May 15, 1948.
&
held
the
Town Clerk-Treasurer.
tion
system, bonds
was
pur¬
recently by Sills, Minton
water
chased
School construction bonds.
designated as
Enclose a certified
check for $500,
;
Flat Rock, Illinois.
Bonds Sold—An issue of
issuing
and
A.
Series
Co., and Sills, Minton &
jointly, for 2.125%, plus
premium of $2,745, •
•• •./;.
/.
all
of
retirement
on the question of
$1,000,000
Junior High
be held
may
shall be
redemption
B,
before
thorized
Corbett, Bacon, Whipple & Co.,
Julien
Collins & Co.,
Paul H.
Co.,
KANSAS
Independence Sch. District, Kan.
Proposed Election—An election
bonds of the issue herein au¬
&
Davis &
Series
as
and
Higginson Corp., John Nuveen &
& Co.,
and Fordyce & Co.; both of Port¬
land, at a price of 100.76, a net
tion by the City prior to maturity
interest cost of 2.35931%, as fol¬
the inverse order of their ma¬
lows: $662,000 as 2V2S, maturing
turity (less than all of a single on March
1, as follows: $67,000 in
maturity to be selected by lot) on
1950; $68,000 in 1951; $70,000 in
'any interest payment date on or
1952; $72,000 , in 1953; $73,000 in
after Nov. 1, 1957, upon terms of
1954; $75,000 in 1955; $77,000 in
par and
accrued interest at the
1956; $79,000 in 1957; $81,000 in
coupon
rate plus a redemption
1958; $421,000 as 214s, maturing
premium in an amount equal to
$82,000 in 1959 and 1960; $84,000
4% of the principal amount there¬
in 1961; $86,000 in 1962; $87,000
of if called for redemption on
in 1963, and $472,000 as 2 Vis, ma¬
21 ov. 1, 1957, and thereafter the
turing $90,000 in 1964; $92,000 in
redemption premium will be re¬
1965; $94,000 in 1966; $97,000 in
duced at the rate of 14 of 1% for
1967, and $99,000 in 1968, all in¬
each full year that the redemption
date is
nated
redeemed
Co., William Blair & Co., Kebbon,
McCormick & Co., Martin, Burns
Lewiston; Atkinson-Jones
Certificates
sium bonds.
redemption; provided,;
however, no bonds of the is¬
sue herein
authorized, desig¬
Halsey, Stuart & Co., Lee
was
issuance
$50,000 auditorium and gymna¬
of
plus interest to the date fixed
next highest bid¬
the District. The
purchased by a syndicate com¬
posed of Blyth & Co., of New
York; Northern Trust Co., of Chi¬
cago; First National Bank of Port¬
land; Braun, Bosworth & Co., Inc.;
American Bank & Trust Co., of
$2,000
1969
and
167, p. 695—were
March. 1—v.
on
1947.
1,
follows:
as
face
at
special
a
the
consider
will
voters
for
Milwaukee Co., of Mil¬
F. S. Mosely & Co., of
Chicago; Braun, Bosworth & Co.,
Inc., Toledo, and Mullaney, Ross
& Co., of Chicago, at 2%, plus a
premium of $11,006. The approv¬
ing opinion of Chapman & Cutler,
of Chicago, will be furnished by
disposal plant bonds offered
age
revenue
Nov.
Dated
certificates.
Due
1963
water
$110,000
issuance
At
election to be held on March 8 the
date after
value, to¬
payment
Iowa
School District,
gether with a premium of 2%
waukee;
,Boise City, Idaho.
Bond Sale—The $1,555,000 sew¬
March 17 for the pur¬
on
of
chase
T.
will re¬
until, 2.30 p.m.
bids
sealed
ceive
Clerk,
City
Alexander,
interest
cago;
IDAHO
Town
numerical order, on any
verse
Paine, Webber, Jackson & Curtis,
Hornblower & Weeks, all of Chi¬
1
or
the
of
Election—
Bond
in
in part, and in in¬
option
whole
corporate purpose tax antici¬
pation .warrants offered on Feb.
26—v. 167, p. 695—were purchased
by a syndicate composed of A. G.
Becker & Co., Harris, Hall & Co.,
(conditional offer) was
made
by Seasongood & Mayer,
and Breed & Harrison, both of
Cincinnati, jointly. The Bank of
Hawaii bid 100.02; Bishop Nation¬
al Bank of Hawaii, 100.804 for
$78,333.
interest saving of
the
—
1943
of 100.127
000,000 indebtedness retired dur¬
ing
1947,
$310,900
represented
bonds which were called for pay¬
ment in advance of maturity at
an
Warrant
Dated Dec. 15, 1947
and due $22,000 on Dec. 15 from
1952 to 1976 incl. Second high bid
Rowan
bonds shall be redeemable at
Chicago Sanitary District, III.
Sale
The $6,862,500
100.181, a basis of
price of
a
about 2.98%.
Monday, March 8, 1948
CHRONICLE
FINANCIAL
&
1948
notes, dated March 12,
and due June 25/1948. Notes
are
issued
000,000
pursuant
to
Chapte^
731 of Acts of 1945, .as amended,
;'Nov. 15, 1986, and $4,000 May, learir that tlie' :bonds4 matu'fe! $800 relating to Wbrld War II bonus,
being in renewal in part of $10,and $2,000 Nov. 15, 1987. The; froth 1954 to 1957' lhbltisiVe'.'"{l r •„;
dji!
<
1
.
.
r
J
Volume 167
Number 4679
THE COMMERCIAL
000,000 notes maturing March 12,
1948.
Notes
Boston
will
and
be
delivered
Wyoming Township (P. O.
in
Grand
payment of principal
Bond
and Interest will be made in Bos¬
ton
to
New York at the option-of
or
notes
25
by
the
purchased on
Merchants Na¬
National
Bank,
Bos¬
ton, at 0.873%.
9
until
for
8
Pittsfield, Mass.
Offering
Hayn, City Treasurer, will receive
bids
March
on
until
for
9
11
A.M.
1951
1957
Said
Edward
bonds
the
interest.
purchase of
veterans hous¬
executed
the
name
nish
W.
f$e rate of interest, expressed in
a
multiple of V\ or 1/10 of 1%.
Coupon bonds may be exchanged
graved
under
and
the
will
be
of
Note
Sale—The
offered
on
National
0.845%
1948
Bank
discount.
and
due
National
of
Note
to
Sale—An
April
a
000.
the
1,
2
National
Detroit, at.iy2% interest.
Offering
—
sealed
,
(EST)
chase of
bids
March
on
8
re¬
City
p.m.
1,;
bonds.
1948.
1951
and
1952.
Rate
livered
Detroit
be
at
or
the
with
the
shall
:be
will
the
unqualified
be
less
the
than
000
of
at the purchaser's expense. A cer¬
tified check for $280 payable to
water
Midland
and
Ingersol
The
Clerk,
V(P 6;,R. No. 4 Midland),
the
^'ly[.Micii;,
'
„
Bond. Sale—The $150,000 school
bonds offered on Feb. ?6 was pur-
will
will
serial
certified
a
basis of 1.724%.
Interest
payable A-O.y The next highest
bidder Was th*! First of Michigan
Corp., for T%s, at 100.06.
•
/
07,
&
Memphis,
Corp.,: Scharff
the
bonds
first
will
be
sold
Trust
Co.,
of
Securities
& Jones, of New
Orleans;
J.
S.
Love Co., and
Walton-Hamp Jones Co., both of
1949,
of such bonds
whether
are
amortization
or
delivery
and
all
to
serial
composed
of H, >V. .Sattley & Co., and S. R.
Xivingstone & Co., both of De¬
.'
Note
offered
were
Sale
r-
The $65,000
notes
March 1—v. 167, p. 988—
to
the
Traverse
awarded
City State Bank at 2 %
interest.
Dated March 1,1948 and due
2,
Dec
Aug.
1948/
$350,000
maturing
on
1, $14,000 from 1948 to 1952;
$28,000
from
$350,000
as
on
of 2.67%, as fol¬
2y2s,
Dec,
1953
to
held
they
at
at
Jan.
on
Town
/
•
special
a
,'
15.
for
t •
a
1962,
•
-
/
■
Bonds
Not
held
did
not
$41,000
ment
:
Voted—At the elec¬
Feb.
on
the
approve
water
24
the
voters
issuance
system
of
improve¬
bonds.
the
14,1947.
future the
consider the
held
not
Election—At the
of
will
on
regular
April 6 the
consider the
Feb.
on
the
24
the
elec¬
an
voters
issuance
of
struction
Washoe'
County
Consolidated
Reno),
Bonds Voted
held
Feb.
on
consider
construction
At
voters
issuance
bonds.
election
an
the
17
the
ceive
sealed
bids
March
on
until
City
Sale
Ray Addington,
will receive sealed
■—
Clerk,
bids: until
not
bonds
as
7:30
to
p.m.
exceed
6%
interest
of
will
$35,000
»
NEW HAMPSHIRE
Offering
Morin,- City
bids
March
on
Gerald
—
Treasurer,
sealed
Note
water
system
Dated March
assessment
.
Due
on
Jan.
No.
1,
110
as
bonds.
follows:
$4,000 from 1950 to 1958, and
$1,000 in 1959. Redeemable at
-
time
there
funds in
the District with which to pay
any
the
same.
are
bonds*.
1; 1948,
Denomina¬
$1,000. Due March 1, as fol¬
lows: $7,000 in 1949; $3,000 in 1950
tion
of
rate
interest,
of
able
at
Vs
the
expressed in a
1/20 of 1%.
or
Mechanics
pay¬
National
Bank,
Burlington.
A
certified
payable to order
of the township, is required. Legal
opinion of Hawkins, Delafield &
Wood of New York City will be
check
for $540,
will
until
12 for the pur¬
Due
Dec.
15,
1948.
be authenticated
and
to
as
validity by the
Shawmut
Bank
Bos¬
of
t
N.
Bonds Voted—At
re¬
P.M.
4
Sayreville, N. J.
a special elec¬
L.
tion held
proved
Feb. 10 the voters ap¬
on
the
issuance
of
$100,000
bonds.
Seaside
Park, N. J.
Offering — William
Bond
Burdge,
ceive
Borough
sealed
(EST)
of
until
8
H.
re¬
p.m.
19 for the pur¬
March
on
chase
will
Clerk,
bids
$300,000
not
6% interest coupon or
exceed
registered
to
bonds of 1948. Dated March
sewer
1, 1948. Denom. $1,000. Due $10,000
1
March
on
from
to
1949
1978
incl. Principal and interest (M-S)
H.
Sale
The $400,000 tem¬
loan notes offered on Feb.
—
payable
at
the
First
National
Bank,
Toms
River.
Bidder
to
single rate of interest,
in a multiple of V4
purchased by the Mer¬
chants' National Bank of Boston,
name
at 0.87% discount. The next high¬
est bidder was the National Shaw¬
1/10 .of 1%. A certified check for
were
mut
Bank, Boston, at 0.887%.. The
notes are dated Feb. 27, 1948 and
mature $100,000 each on Dec. 2,
Dec. 6, Dec., 13 and Dec.
County
(P.
O.
16, 1948.
a
pressed
New Hampshire}
v
temporary
chased
Hill
&
loan
notes
shall, Trimble & Mitchell of'New
City.
' 'J,. "
York
_,
NEW
YORK
Dated
on
National
next
March
Dec.
9, 1948.
1948, at the
28,
Bank
of
Boston.
highest bidder
was
the
First National Bank of Boston, at
0.98%.
.
-
-
"
.
Brookhaven
No.
pur¬
recently by- Kenneth B.
of Boston, at 0.963%
discount.
♦
*»«'
Sale
—-
The
Bond
a
$300,000
tax
Union
Free
Sfh. piet*
(P. O. Selden), N.Y.,t
Sale—The_ $175,000
bonds
offered
con¬
March 4
p. 989—were awarded to
composed of Roosevelt &
Francis I. duPont & Co.,
167,
group
Cross,
and Tilney
& "Co., all of New
York, as 2.40s, at a price of 100.58,
a
basis of about \ 2.32%. Dated
1
anticipation notes offered, March
3—V. 167, p. 989—were awarded
12
struction
—v.
March
Keene, New Hampshire
Note
*}/' -'■ ■ *•"
>
•
Co.,
Payable
or
payable,. to ; order of the
borough, is required.' Legality to
be approved by/Caldwell, Mar¬
?
$100;OUO
was
ex¬
$6,000,
Berlin),
Note Sale—An issue of
First
follows:
District
P.M.
furnished the successful bidder.
Note
The
$37,000
8
16 for the pur¬
Principal and interest (M-S)
Nev.
—
Burlington Township (P. O.
Burlington), New Jersey
Bond
Offering
—
Thomas
Coburn, Township Clerk, will re¬
multiple
School District No. 3 (P. O.
,
Bond
con¬
bonds.
and 1951, and $2,000 from 1952 to
1958 incl. Bidder to name a single
NEVADA
Coos
City Special Improvement
District, Mont.
issuance
$975,000 improvement and
chase of $27,000 not to exceed 6%
interest - coupon
or
registered
Voted—At
approve
■■
Miles
issuance
City Hall and
'
bonds
on
voters
(EST)
$15,000 airport bonds.
27
!
Lima, Mont.
\
-
tion
and
authorized at the election held
Nov.
tion
did
porary
certi¬
•
k
election
Wymore, Neb.
Not
Concord.
$1,000, payable to
> •
the
.
election
Enclose
Clerk.
at
Dec. 16, 1947.
ton, and approved as to legality
by Storey, Thorndike, Palmer &
Dodge of Boston,
'
•' ■.
•
bidders. must
'
'
2%s, maturing $35,000
1963 to 1972, all
are.
authorized
on
Bonds
will
purchase
the
These bonds were
■
par.
check
the
1, from
inclusive,. These
&
bonds
held
Notes will
of
f
lows:
Traverse City, Mich.
building bonds was
recently by Greenway
Co., of Omaha. These are the
purchaser.
value
date
election
an
near
election to be held
the
$200,000 notes
issued in anticipation of revenue
for the current year. Dated March
15, 1948.
Denominations to suit
state the lowest rate of interest at
which
consider
community
National
their par
interest
{■'
NEW JERSEY
for
less than
of
Wisner, Neb.
genuineness
accrued
will
Bonds Sold—An issue of $93,500
thereafter. The bonds will be sold
not
±
Roswell, N. Mex.
chase at discount of
bonds, will be redeemable in full,
at the option of the Town, five
years from the date of issue and
on
any
interest payment
date
with
will
Bond
School
issuance of $1,100,000 construction
bonds.
(EST)
paid. The bonds,
000
group
airport
District, Neb.
Bond Election—At the regular
City election to be held on April
ceive
thereafter until all
year
net interest cost
a
voters
bonds.
voters
election
-issuance
Election—At
of $500,000 sewer,
fire station bonds.
con¬
the
the
Berlin, N. H.
same
Grand Rapids.
by
Bond
000 site purchase and
6
'
March 23 the voters
on
consider
to be held in the
election
an
$16,-
McCook
O.
P.
an
$650,000 construction bonds.
April 6 the voters
on
23,
Carlsbad, N. Mex.
the
troit, and Walter J. Wade, Inc. of
made
held
Dec.
Albuquerque
District
Election—At
bonds.
Election—At
sum
(MST) on
March 22 for the purchase of $70,-
was
successful bid
be
issued
Jackson; Kingsbury & Alvisr of
New Orleans; Herman Bensdorf
& Co., of Memphis; Max T. Allen
&
Co., of Hazelhurst, and Weil
& Arnold, of New Orleans, at a
Purchasers—The
to
of said serial bonds will
day each
fied
was pur¬
are
they will be in
$750,000 each; the
authorized
$700,000
will
sometime in April the
consider the issuance
revenue
Due
County,
to be held
election
an
will consider the issuance of
several
of
Dover.
National
Albuquerque), N. Mex.
Bond
Council.
become payable on March 8,
a
like amount on the
check
O, Jackson),
Equitable:
be
and
be
recently by a syndicate
of the. Union Planters
Bank
receive
Strafford
NEW MEXICO
Burwell, Neb.
may
of $750
No bid for
memorial stadium bonds
chased
$76,000
Bond
*
into
time
and
bids
All
Bond Sale—An issue of
phased by H;. V. Sattley & Co., of composed
Detroit, as l%s, at a price of 100.- National
will
noon
registered
by the Clerk of Court for Straf¬
County with signatures guar¬
anteed by the above named bank,
re¬
purchased
system bonds. Dated
1948. Int. M-S. Amor¬
and
amount of
Red¬
Miss.
■
Feb. 5.
on
will
of issue.-If serial bonds
office.
in
bank
bid.
(P.
County
be held
10
bonds, as the
determine upon at
sale, both principal
and
interest
toy be payable in
semi-annual installments during a
period of 20 years from the date
MISSISSIPPI
Hinds
'
in
of
Bernalillo
Election—At
until
for
ford
Beatrice, Neb.
the bonds author¬
are
,
JFractional School District No. 5
optional
years,
bonds
Council
the
payable to Cleo S. Land,
City Treasurer, is required.
Townships
8,
vided
Dated
at
Bank,
the
School
the entire issue may be
into one single bond or di¬
put
bonds
"
on
at
NEBRASKA
Bond
9
1948. This note will be issued with
the approval of the
Presiding Jus¬
tice of Superior Court,
City
right to
on
Pay¬
able
Clerk, is required.
issued,
,
for $150
Treasurer, is required.
(MST)
p.m.
Offering—Margaret Gren-
choice
payable
delivery
A
cost.
sealed
the second choice of the
ferred
interest
20
March
considered.
Bids shall be pre¬
according to the lowest net
the
7:30
These
tization
and accrued inter¬
par
Sandy,
sealed bids until 2 p.m.
(MST) on
March 8 for the purchase of
$15,-
any
Falls, within 30 days after
of
in
Bond
delivery thereof
a
H.
receive
will
sten, -Town
sealed
interest
be issued
at
R.
—
Judith Gap, Mont.
Forbes,
Treasurer's
made
to. date
est
purchaser's attorney to be secured
the District
bear
of $225,000
improvement
ized at the election held
•
1948.
the
bids
March
the pur¬
chase of $175,000 tax
anticipation
notes. Dated March 15, 1948.
and
The
sealed
(EST)
pay
bonds issued, payable to the
City
If amortization bonds are sold and
B.
receive
the
to
delivery
bonds.
reserves
election
an
issuance
Offering
until
Due
& Barber
1,
must be unconditional.
upon
of
•
Ccunty (P. O.
Dover), N. H.
Offering — Thomas K.
Davenhall, County Treasurer,- will
any or all bids. A certified
check for 10% of the amount of
to
sewer
Clerk,
years.
Denomination
Dec.
-City
acceptance
purchaser.
opinion
will
wood
Co.,
conditioned
on
receive
to the bearer and
de¬
Trust
Detroit
be
'
1948.
The bonds will
such other place as may
agreed
Bids
will
bids
Bonds
or
Council
the
rate of 0.872%.
a
Strafford
ject
voters
March 29 for the purchase of
$21,000
not
to
exceed
4% interest
sewer
bonds. Dated Jan. 1, 1948.
1959 will
1,
Scott
will
Due
the
at
of the bonds or for less than 98%
of their par value will be con¬
bonds
Town
specified by the successful
bidder, payable at maturity, Prin¬
cipal and interest will be payable
bid for less than all
The
1968.
in
which
of
and
Note
Ekalaka, Mont.
14,
rate
multiples of
of
Principal and interest (M-S)
payable1 at the Detroit Trust Co.,
sidered.
and
purchase
struction
incl., and
said date
on
15,
bonds
of in¬
1%.
No
1966
date
Bank
discount
1948
highest
bidders must state the lowest
rate of interest at which
they will
election
bonds.
$1,follows: $1,-
as
to
National
0.834%
10,
bidder, named
Dated April 1, 1948. Denomina¬
$1,000. The bonds will be sold
for not less than
par and accrued
July the voters will
the
and
Dated
construction bonds.
March
terest to be in
Detroit.
1967
Clerk,
porary
Dated
Due March 1, as follows:
$14,000 in 1949 and 1950, and $15,000 in
1,
to
Offering —F.
Denomination $1,000.
$1,000.
water
bids until 8 p.m. (CST) on March
8 for the purchase of $30,000 tem¬
10 for the pur¬
school'
the
Election—At
consider
Denomination
1950
in
Bond
$58,000 not to exceed 3 %
Interest
March
will
until
or
receive
Redwood Falls, Minn.
Edward Hel-
District'Secretary,
ceive
Bond
(CST)
purchase of
the
Colman, Barker,
of Minneapolis.
Township School D'sfrict
Bond
1948.
from
(P. O. New Boston), Mich.
wig,
2s.
as
Feb. 24.
to be held in
7:30 P.M.
for
funds
are
with
at
March
bonds.
Dillon, Mont.
subsequent interest date. Interest
payable
annually.
A- certified
check for $3,000, payable to order
of the village, is required. Legal¬
ity to be approved by Dorsey,
$85,000
Due in nine months.
Huron
will
118
same.
Plains, has pur¬
$130,000 construction
at
No.
Merchants
Boston,
57
due
Dec. 10, 1948. The Second
Nation¬
al Bank of
Boston, next
there
tion
of
Bert D. Put¬
—
Clerk,
16
be callable
March
on
Manufacturers
Bank of
Offering
maturing after April
of
Heitner
MONTANA
pay¬
(P. O. Route
Due April
000
$2,000
issue
1, 1953
$21,000 fire station bonds.
Bos¬
Mich;
was' awarded
offered
Blewer,
authorized
on
Bond
Valley
March
on
MICHIGAN
notes
held
there
West
the
bonds
on
bonds to
on
Feb.
on
sealed bids until
9,
The
.
Dearborn,
asked
were
Village
nam,
"
i
of
chased
plant
sale
subsequent interest
Bond
at
ton, second high bidder, named
rate of 0.87%.
for
of
Minneapolis), Minn.
Dated March
Shawmut Bank
issue
Legality approved by
Dorsey, Colman, Barker, Scott &
of Minneapolis.
notes
15, 1948.
water
893—was
p.
time
any
the
Dated
all
bonds
167,
by
to
of
$1,000 from 1956 to 1959, all
inclusive. Redeemable at any
interest
Mo.
$90,000
Glynn, of St. Louis,
to
date.
Golden
Boston,
Nov.
27—v.
Barber
Merchants
of
Feb.
as
any
ment
167, p. 988—
the
to
offered
be redeemable
O.
$950,000
March 2—v.
awarded
were
1,
nate bids
Worcester), Mass.
;
&
Plains,
revenue
purchased
Bank,
disposal
sewage
of
West Plains School
District, Mo.
Bond Sale—The First National
An
—
issuance
Sale—The
light
on
from 1953 to 1958 inclusive. Alter¬
as to genuine¬
by the First National Bank
of Boston, Legality to be
approved
by Ropes, Gray, Best, Coolidge &
Rugg of Boston.
(P.
and
Minn.
Offered
was
cost
the
West
;
t
consider
Bend
uncon¬
without
election
an
bonds.
1, from
inclusive. Re¬
Due
on
Jan.
1, as follows:
$1,500 from 1950 to 1955, and
the
April 6 the voters
on
at
District
District
$400,000 construction bonds.
Feb. 1, 1948. Due
follows: $6,000 from
1950 to 1952 inclusive, and $7,000
Feb.
authenticated
County
be
13,000
Dist., Mo.
Election—At
held
will
the
at
be
1959
119
Jan.
funds in the District with
which to pay the same.
time
Groves Sch.
on
are
$11,000
March 5. Dated
ness
Worcester
bonds
purchaser.
bonds
en¬
supervision
Bond
to
a%d the Village will fur¬
approving opinion of H.
Moody, of St. Paul, and the
$60,000
able at the First National Bank of
bonds
Webster
the
Bonds
fully registered certificates.
Principal and interest (M-S) pay¬
The
callable
bids will
Foley,
for
Boston.
be
and
to
deemable
MISSOURI
1956, and $4,003
1978, all inclusive.
to
incl.,
No.
$2,000
1950
1952 to 1963 incl.
1951
April
on
ditional
sin-
a
from
to
to
All
1968
Bidder to
to
option of the Village on interest
payment date at par and accrued
(EST)
$1,200,000 coupon
ing bonds of 1947. Dated March 1,
1948.
Denomination $1,000.
Due
$60,000 on March 1 from 1949 to
incl.
1949
(1093)
District
Due
March 1, as follows:
$10,000 from
$100,003
hospital bonds.
Dated
April 1,
1948. Due July
1, as follows: $2,from
t
H.
—
p.m. (CST)
purchase of
the
20,000
Sale
street
p.
989—were sold as 2y2s, at a
price of 100.528, a basis of about
2.434%. Denomination $1,000. Due
Budd,
Village Clerk, will receive sealed
000 from
sealed
of
Baudeile Lake, Minn.
Bond Offering—Malcolm
bids
The next highest bidder was
Bond
issuance
MINNESOTA
was
the
Second
the
Mass.
tional Bank of Boston, at 0.828%.
Dated Feb. 26. 1948. Due Nov. 22,
1948.
consider
Sale—An issue of $103,000
revenue
April 5 the voters
on
CHRONICLE
Details—The $162,refunding bonds pur¬
chased by the .First National Bank
of Meridan, as reported in v.
167,
000
$835,000 water works bends.
Millbury,
Feb.
held
will
the purchaser.
Note
be
Bond
election
an
FINANCIAL
Merdian, Miss.
Rapids), Mich.
Election—At
&
from
1, 1948 and due on March
1949
to
1963 incl.
Second
high bid .of: 100.54. for.; 2.40s was
made
by a group composed 0i
George B. Gibbons & Co., Inc.,
THE COMMERCIAL
(1094)
58
Co., all of
&
Bacon, Stevenson
New York.
District
Geddes Common School
1, N, Y.
No.
Kenneth F.
Barton, District Clerk, will re¬
ceive sealed bids until 3.30 p.m.
(EST) on March 11 at the Trust
Offering
Bond
—
Merchants National
Bank
&
Trust Co., 214 South
Warren Street, Syracuse, for the
purchase of $40,000 not to exceed
4% interest school-1948 coupon or
registered bonds.
Dated April 1,
1948.
Denom. $1,0C0. Due on Oct.
-1, as follows: $2,000 in 1949 and
1950, and $3,000 from 1951 to 1962,
all inclusive.
Principal and in¬
terest (A-O) payable at the Sol-
from
$'
by Comptroller Moore. Although
total of $400,000,000 bonus bonds
were authorized by the electorate,
no
additional obligations of this
nature will be sold during 1948,
If^rnmnJrnll^Mr Mno^Tur'
Comptroller. Mr. Moore fur-
Weeks
Bank, Solvay. Each bid must
for all of the bonds and state a
ned by
Unless all
interest.
sale
National Bank and associated un-
the
(P. O.
New
at
l%s,
1956
1.65%;
l%s,
1955
1957 l3/4s, at 1.80%, and the
1958 l%s (which become optional
1956)
priced
were
yield
to
1.85% to maturity.
terms
,
Pleasing to
Terms
the
Tarrytown),
other
oiner
and
ana
officials
omciais.
State
siaie
Moore
An
An
anan
ofnointed out that' the interest
fice pointed out that the intere^
charge on the $300,000,000 bon
the
largest single
borrowii
nouncement from Mr. Moore s
ssfrH tt
York
?
2%
,
>
incl.
1956
J
Bidders
for a different rate of V
interest in multiples of y4 of 1%..bid
The
bonds
will
sold
be
the
to
-
bidder at not less than
and accrued interest. All bids
highest
nam£
bonds
the
f
re- ^
p.m.
Feb.
to
1949
from
may
par
;
;
(having: the earliest
Co., Inc.; Swiss American CNortk Carolina \
poration; Sage, Rutty & Co., Inc.; :
ttazetwood, north cairoima ,
Hir^rh A- Co
Stranahan Harris &
Paying Agent —The Manufac-
payable,
1, 1948. Due serially oh»1, from 1949 to 1958, inclu-'I
sive. Principal and interest (M-S) ?
Sept.
Ira ™rer.s irust lo.
in. y
Tra ..turers Irust Lo. oi N. Y.
Incorporated;•
Tnmrnnrated
Company,
rnm na nv
der
has been
Bank, !
Hicksville
S
nas Deen
has oeen
Braun, Bosworth & Cayb
was
Inc., for 2s, at 100.44.
'•
.
« «« W >• ■«
'
^
.
'
u
,
'
Bond
'
.
Jefferson, Ohio
b
mj St'HAS, s
the
at
Hicksville. The next highest bid^
•
nirscn & Lo., btrananan, Harris &
b"ai
—
of
8
nomination $500. Due $500 Oct 1,^
multiples
may
will
March
eminently
sold were described as
satisfactory by Comptroller
,.a(e
ane
b|d
H.
12 for the purfire house
1, 1948. De-.
$4,000
Dated
Blair & Company; John Nuveen; the purchaser. A certified check
& 9°'',, C0™™6™;6
Ban*L> for $360 payable to the State
Nashville; Donald MacKinnon &• Treasurer, is required. ^
bonds were
which
i
Each
for part
0, 1%
%
j/.j
b e 1
a
maturities) must state the number of bonds r?
Securities
Corporation,
Green,, a^d another rate for the balance, bid for and the gross amount qf ry
Ellis & Anderson; Bramhall, Bar- but no bid may name more tban bid and accrued interest to date«...
bour & Co., Inc.; W. H. Morton & three rates and eactl bjdder must of delivery. A certified check for
Co., Incorporated; Fidelity Union specify in his bid the amount of $100 payable to the Village, is re- )
'
: ;.i
Trust Company, Newark; The Na- bonds of each ratet No bid for quired.
Hicksvi'lc, Ohio *■
tional State Bank, Newark; Com- less than par and accrued interBond Sale—The $30,000 sewer
merce
Trust Company, Kansas, est or for less than all of the
City, Mo.; City National Bank bonds will be entertained. Bids to extension bonds offered on Feb.
v, 167, p. 794 — were pur¬
and Trust Company, Kansas City^, be on forms * furnished by the 28
Mo.; California Bankr Los An-> above Secretary. The approving chased by J. A, White & Co., df '
geles; Whiting, Weeks & Stubbs; opinion of Mitchell & Pershing, of Cincinnati, as 2s, at a price ofh
The Illinois Company; William New York City, will be furnished 100.463, a basis of 1.91%: Dated-
State—The
on
Ballin & Lee.
of
M
—
March
on
bonds.
the
name
ratesin
Ohio
River,
Offerin?
of
chase
t
bonds
Feb. 24—v; 167, p. 794.
on
(EST)
l
Due $1 000
to
revested
apparatus
—
par;
in
Sl'ooo
]
T
-
2s, 1.20%; 1952 2s, 1.30%;
1953 l%s, 1.40%; 1954 l%s, 1.55%;
1951
Hawkins,
Greenburgh
1949 2s
1.05%;
ing on the following basis:
to yield
0.90%; 1950 2s,
purchase the bonds at the s^me
lowest rate of interest then such
award will be made to the bidder
offering the highest premium. The
bonds will be delivered at the of¬
Delafield &
Wood, of New York City, whose
approving opinion will be fur¬
nished the purchaser.
A certified
check for 2% of the amount of
bonds bid for, payable to the Dis¬
trict, is required.
re-offer-
made public
derwriters
lowest rate of inter¬
est stated in /a multiple of V\ or
1/1Q of 1%, without reference to
premium, provided however that
if two or more bidders offer to
bonds at the
//a/
W. C. Langley & Co. American
—
DeLm
.
Thompson, Village Clerk
eeive
sealed
bids unbl
-
Dated Aor
nds
b
er
wa
???8
Graham, Parsons &
| rated; Hannahs,
Offered
Bonds Publicly
Z
fire
~
Bond
nurchase of
Q for the
5(/.
Grand
on
S18
that
l-i accepted for the $20,-.
bids
offered
000 not to e^eed 6% interest cou-
Co.; Laurence M. Marks & Co.; C.
F. Childs and Company, Incorpo-
The
National City Bank and the Chase
plying with the terms of the
and
offering
to
purchase
of
months.
six
of Trustees requested
receive
jn Ra_
nffjPP
i°1951 to 1968 induV* f5?and interest (A%
fB 3 ^ 6 V Pa^ble in ^ew York City. Reg&
Harden;
Francis I.
nrjnH,,,| ordv Bid_
duPont & Co.;
the State within the next
rejected the bonds will
to the bidder com¬
awarded
fice
bond
other
be
are
that no housing
financing is plan-
announced
ther
or
be
March
Moulton & Company, Incorporated; Chas. E. Weigold & Co.,
incorporated; Eldredge & Co., Incorporated; W. E. Hutton & Co.;
Tucker, Anthony & Co.; E. F.
State
at
^ ** Vara
IncorP°;ated; A- C-Allyn and
Company,
Incorporated;
R. H.
a
hi„
hidc
^
pra-
-
000
Loca?'Govern-
<,pnjprj
transcript of
^
no
__
of
j;
checked, the legal advisor for'the
Fuquay Springs, N.. C.
Offering — W. E. Easter-
linT'serretarv"
Ohio
—
Owing to
1),
ceedings had not been adequately
Board
Bond
D.
R.
Bids Accepted
No
the fact that the
NORTH CAROLINA
G. Becker &
(Incorporated); A.
TVZZtT. Tnt was made
chase the notes at par //////
vay
bids
An°°offer "Zd
otter, good
An
notes.
one-year
to be approved by Vandewater,
Sykes & Heckler of New York
City,
Incorporated; Weeden &
Co., Inc.; First of Michigan Corporation; Braun, Bosworth & Co.,
incorporated; Trust Company of
January
funds obtained through sale
Franklin Township (P. O. Clinton,
of the town, is required. Legality
Burr,
in
commenced
ments
Department,
single rate of
1948 and
1,
Winthrop
Robert
the proceeds
will be used for the payment of a
bonus to the State's World War II
veterans pursuant
to authorization by voters of the State at the
1947 general election. Bonus payMarch
& Co.; Dick &
Merle-Smith.
Hayden, Stone & Co.; Hemphill, Noyes & Co.; Alex. Brown &
Sons; Reynold^ & Co.; Coffin &
The bonds are dated
date.
ment
and
Co.,
&
Weigold
E.
Chas.
Monday, March 8, 1948
FINANCIAL CHRONICLE
&
-
t
1
1,
.
Sale
Postponed—The sale
$46,000 not to exceed 6%
•
operation in the State's history
^
,
Sale—The $89,850 bonds will amount to only $28,700,000. Co.; The Wisconsin Company; and
NORTH DAKOTA
interest water and sewer bonds
offered on March 2—v. 167, p. 894 This contrasts with total interest The Public National Bank and
originally scheduled for March 1, '
Fargo School Disiriet, N. Dak.
—were purchased by Roosevelt &
has been postponed until Mareh
charges of $24,200,000 on the sale Trust Company of New York.
Bond Election—At an election
Cross, and Tilpev & Co., both of < of no more than $45,000,000 World ,
New Yark
Rochetter, ..
17.
Due on Dec.
.
.,
.
1, as follows: /
New York, jointly, as 2V2s, at a
War I bonus bonds.
|
Note Offering — W. Raymond to. b6 held on APri1 20 the ^°iorS
$3,000 from 1949 to 1954, and
price of 100.13, a basis of 2.45%,
$2,000 from 1955 to 1968, all in-.,
Syndicate Members — In addi- Whitley, City Comptroller, will
eFi
!fSUanC€
as follows:
,
elusive.
iv
tion to the National City Bank receive sealed Ijids until 3 p.m. 600,080 school bonds.
Valley City Sch, Dist., N. Dak,
$82,850 street improvement bonds. and the Chase National Bank, the (EST) on March 9 for the purMargaretta Local School District
Due
serially
on
March 1, following are also members of the chase of $450,000 notes as follows:
Bond Offering — The Clerk of
(P. O, Castilia), Ohio
from 1949 to 1952 incl.
underwriting group; Bank of the $400,000 capital (street improve- the Board of Education will reBond Offering — Nora Ellen
ceive sealed bids until April 6 far
ment) notes.
7,000 Knollwood Water District Manhattan Company; First Na¬
Prout, Clerk Board of Education/
the
bonds. Due serially on March tional Bank, New York; Bankers
50,000 capital (sewers) notes.
purchase of $250,000 school will receive sealed bids until 8
bonds. *' " '
1, from 1949 to 1955 incl. Trust Company; J. P. Morgan &
p.m. (EST) on March 18 for the
..
.
Dated Mar. 16, 1948, Due Mar.
Dated March 1, 1948. Principal Co. Incorporated; Guaranty Trust 16> 1949
A telegraphic bid if depurchase of $303,000 2^% Icon—
OHIO
and interest (M-S) payable at the Company of New York; Chemical iivered to the Comptroller before
struction bonds. Dated March 15,
,
_
the
of
Bond
,
.
.
,
.
,,
►
....
-
,
■
•*
,
,
T
Tarrytown.
County Trust Co.,
(P. O.
Harrison
Harrison)$ N. Y•
Bond Offering—A. F.
receive
will
Supervisor,
Town
Sulla, Jr.,
(EST) on
March 10 fo»* the purchase of $32,500 not to exceed 5% interest ap¬
sealed bidi until 2 p.m.
paratus
bonds.
coupon
or
registered
Dated March 1, 1948. De¬
nomination, $1,000, one for $500.
Due March 1, as follows: $6,000
from 1949 to 1952, and $8,500 in
1953. Principal and interest (M-S)
payable at the Rye National Bank,
Harrison.
Rate of interest to be
in multiples of V4 or 1/10 of 1%,
and must be the same for all of
the bonds. The purchaser will be
furnished with the opinion of
Reed, Hoyt & Washburn, of New
York
City, that the bonds are
valid and hinding obligations of
the Town.
A certified check for
.
$650 payable to the Town, is re¬
quired.
N«
Larchmont,
Nete
Y%
tax notes was purchased on
I
the
by
County
March
Co., of
Trust
-Larehmont, at 0.88%. Dated Mar.
8, 1948.
Due July 8, 1948.
New
York
(State
of)
Bond Sale—A nationwide group
of banks and investment
houses,
headed
by
the
BatyVct SI
Incorporated; The First
Boston
Corporation;
Lehman
Brothers; Halsey, Stuart & Co.
&
Co.,
Tnp
Ri'tv,
.
&
Freres
N
banking
National
rn
&
J
Manufacturers Trust
S Co.; Ladenburg, Thalmann & than
paid a price of par for
$120,000,000 2% bonds, due $30,000,000 on Jan, 1 from 1949 to
1952 incl.. and $180,000,000 l3/4s,
due; $30,000,000 on Jan. 1 from
group
;
1953
to
1958
interest ! cost
1.793%.
incl., making a net
to
the
State
of
The' bonds
maturing
on
are
any
subsequent interest pay-
interest.
Reed, Hoyt
of
&
proving the validity of the bonds
Blair & Co., Inc.;
{
|
Fenn
& ./Co.; . Merrill
Lynch, Pierce, Fenner & Beane?
Phelps,
9ncl
Trust
Xrsd^rs
K P^ne,
Gibbons
rated ;
&
Co,. Incorpo-
Mercantile
and
-
Commerce
The
Trust "Company;
to
all inclusive. Bid- '
a different rate
1968
to
ders
may
name
interest
in
will receive sealed bids until noon
of
1971,
multiple
a
Principal
1%.
fiincipai
i-/o.
and
aim
of
V\
interest^
uueitsi
Town
Supervisor
a.m.
(EST)
on
March
of
registered
lows<
interest to be in multiples
1%, The bonds will be
have been taken under the super¬
of
Squire,
Sanders
vision * of
and accrued inter¬
est. All bids must state the num¬
&
Dempsey, whose approving
than
less
-
opinprinted
par
ion,
together ' with the
the gross bonds will be furnished by the
Board of Education, at the Boardvs
amount of bid, and accrued inters
est
to
date of ? delivery. These expense/These are the bonds/au¬
thorized at the general election
bonds were authorized at the pri¬
held >on Nov. 4, 1947. A certified
mary election held on May 6, 1947.
check for $3,100 payable to the
A certified check for $3,100 pay¬
able to the Board of Education, Board of Education, is required/
ber of bonds bid for and
required. These are the bonds
originally, scheduled-for sale on
is
Feb.
Boston
;
.
'
Ohio
,
Ohio
Boston), \
v/'.
*
v
Village Local Sch. Dist-<
■
\
*
Offering—Saima Oliver/
Clerk of Board of Education, will
Bond
,
Heights (P. O.
V
Mentor
offering having been
9. the
rescinded..
divided as fol-
bonds,
1/4
sold to the highest bidder at not
Jackson/& U forlhe p^c^^TOanot
Webber
Schoellkopf, Hutton & Pomeroy,
Inc.; B. J. Van Ingen & Co. Ine,;
B.
?^ter Tow^
^ralsteL lown supervisor, lown
Corn
Curtis; Eastman, Dillon & Co,;
Lee Higginson Corporation; Estabrook & Co.; F, S. Moseley & Co.;
Kean, Taylor & Co.; Bear, Stearns
&
Co.; Dominick & Pominick;
Geo.
T
bids until 10
receive
(EST)
/,
-
-
sealed
on
bids
uhtil
noon
March 1Q fqr the;puri
construction
jt, 1948. De-,
.Due
$4,Q00
April 1, as follows; $7,000
fered March 2—y. 167, p.
April t; and Oct. 1, 1949; $4,000,
from 1949 to 1955 inclusive;
were awarded to Fox, Reusch &
April and $5,000 Oot.j, from 1950
$8,000, 1956 inclusive; $9,000,
Co.: of Cincinnati. Dated March 1,
to 1954. and $4,000 April and Oct
1971 to 1974 inclusive; $10,000
J948 and due on Dec/1 from 1949
1/from 1955 tol963, glLinclusiv^
in 1975 and 1976 and $5,000 to 1958 inclusive/ >>
Bidders may bid for a different,
in 1977.
'
'
•
rate of interest in "multiples of
Columbiana Exempted Village
25,700 Chestnut HiU/ Water Dis-l
of 1%. The bonds will be sold to
rj
School Districtt Ohio V
)
y
trict bonds.
One bond, far,
$230,000
sewer
bonds
Denomination
of
1948.;,
$1,000.;
/•; Bond Sale — The $27,500
station and apparatus bonds
Due
fire
of¬
895—
chase of $125,000 4%
bonds/, Dated April
nomination
$1,000.
.
.
.
-
,
.
..
.
Oregon;
Trust
American
Com¬
pany, San Francisco; Seattle-First
National
Bank;
Hornblower
&
Laidlaw & Co.; L. F.
Co.; Adams, McEntee
&
Co.,
Incorporated;
Bacon,
Stevenson' &
Co.; Roosevelt &
Cross,
Incorporated;
National
Weeks;
Rothchild &
$700, others $1,000 each. Due
follows: $7QQ in
1949 and $1,0QQ from 1950 to
April
;
1974
1,
as
inclusive,
Bond Sale—The $335,000
site
purchase,
bonds offered March
698—were
„
and
school
1—y. 167, p.
must
awarded to McDonald
H.
check for $5,200, payable to order* Co. of
Bank
& Trust Com¬
pany,
Albany; State Bank of, Al¬
Rollins
&
Sons
Incorporated:
,
Cincinnati.
bidder at not less than
and accrued interest. All bids
par
bany; Wood, Struthers & Co.; E.
Commercial
the highest
construction
All of the bonds are dated April & Co., of Cleveland, as 2V2S, at a;
1, 1948. Bidder to name a single price of 100,352, a basis of about
rate of interest, expressed; in i a 2.467%, Dated April 1, 1948 and
multiple of V4 or 1/10th of 1%. due semi-annually on April I and
l!
Principal and interest (A-O) pay4 Oct. >1 ?from .1949 to 1972 incl.
able at the,First Trust & DepositiSecond ..high; bid of/161,701/fo^
Co.,
of
Livernool.
A certified 23As was made by Fox, Reusch &
in
.callable, at par and ac¬
crued interest, on Jan. .1, 1956 or
1958
accrued
and
opinion
PTrich & Co.; Salomon Bros, & wUi be furnished.
*
bonus bonds of¬
Notes will be made paythe bearer upon request.
will be accepted at less
Brothers & Co., Inc.; R. W. Press-
Drexel Si Co.;
1967,
aSSfcTOB™. ii^TT!i7^3 "SlS. '5S! '
Washburn, of New York City, ap-
Hutzler; Kidder, Peabody & Co,
as
1949
B1oar<^.^
S01?j ^ler.^ of
follows: $13,000 from
and $14,000 from
Sept., 15,
Gib-
D.
aeiiverca un ivim. ^6>000 June and $7,000 Dec. 1, 1 at not, less than par and accrued
interest. The proceedings looking
from 1956 to 1972, all inclusive. intprp«t Thp nrw^iiiss lnnkini?
de- T}atp ftf intprPof to ho in multinles ;to the issuance "of these bonds
par
Legai
Philadelphia National Bank: The
First National Bank of Portland,'
war
telephone cannot
right is re-
ine ngm is ic
1948. Denomination $1,000. Due an
^ °"
* *
A •
Offering—Clyde
Bond
Corporations Barr
Secur i ties
Bank, both of New York, was the
successful and only bidder for the
$360,000,000
bid
No
Bank
fered March 2—v. 167, p. 990. The
to
abie
Co.; Goldman, Sachs & Co.; Union
sealed
3Dy °^al1 blds:l(EST) on March 17 for the pur- of
drawn
^
chase of $305^000; not to exceed ui
iLo
iivery.
Company;
The Marine Trust
Company of Buffalo; Hallgarten
a
A? can^Lsoon
°r be prepared /
,
they
for
as
City Bank and the Chase National
•
L
Sy^
bid.'
The
consiaerea.
Vc
Trust
Devine
umcago,y. J. Devine
Co., Inc.;
considered"^
be
N.a.n.l
and
Rank
ComDanv of Chicago' C
company oi
as
Bids received by
T a7nrd
•
treated
be
o^America- 5?^
f)M
National
Illinois
wUi
Northern Trust
The
*
inr>
Bank
Co
A
S
T
SK
Company;'"The
turers
Sale—An issue of $25,000
_
,
bid
state
for
the
and
number
accrued
of
bonds
interest-tb
date of
delivery. The approval of
Sanders & Dempsey,- of
Cleveland, will be furnished tp.
the purchaser. These bands were
Sauire,-
authorised at the general election
held
on
,
Nov. 4. 1947. A certified
rheck
for
Board
of
payable to the;
Education, is- required.
$1,250
s
Volume
167
Number
:
4679
THE
Mount Healthy Exempted
LeFlore
Village
School District, Ohio
r
serially
hospital
Feb.
*
Ohio
Offering—Helen
Bond
City Auditor,
bids
23
until
for
2%
the
April
(EST)
to
$25,000
high
bid
made
in
of
bonds
Bond
Day,
Offering
Village
is
sealed, bids
until
will
special
sewer,
March
on
noon
15 for the purchase of
L.
receive
$4,900 3%
,
.
167,
1%.
No bids for less than par and
interest.*
Principal
and
interest (M-N)
payable at the Na¬
tional
Bank
of
Paulding.
The
printed bonds and the approving
opinion
of
Squire,
Sanders
&
Dempsey, of Cleveland, will be
furnished by the Village. A cer¬
tified check for $100, payable to
the Village, is required.
Vermilion
Vermilion), Ohio
Sale—The
-Bond
,
bonds
struction
the
Sept.
1
Second
Df
Clark
&
Co.,
County Bank, of
2s. Due $1,500 from
as
inclusive.
1960
& Co., Ryan,
and First of
Michigan Corp. V
held
Jan.
on
20.
Springs), Okla.
Offering—W. A. Bridges,
Clerk of
the Board
receive
will
of Education,
8 p.m.
will
issuance
consider the
Wayne Local School District
of
amount
Sale—The
Bond
build-
bonds offered Feb. 25—v. 167,
794—were
awarded
to
Fox,
usch & Co., of Cincinnati, as
}/4S, at a price of 100.786, a basis
lg
about 2.64%. Dated Nov.
:
$1,000
due
id
149
1963
to
of par
d
incl.
Sept.1 1
from
/Second
high
was made by
Teachers
Retirement
fstem?%
\;
Barnsdall School
■'
\
/':
v*'..•:
Oklahoma
-
i, 1947
for "2%s
State
te
on
Junction
on
March
4-V1. 167,
p. 990—were purchased
Barnsdall State Bank, as
the
r
J id
held
Feb.
on
ap¬
County Union High School
District No. 3 (P.O. St. Paul),
Bond
H.
E. M. Clohessy & Co., for 2s,
t 100.104.
for
the
due
purchase
Dated
$15,000
of
of
approved
Portland.
by John
Bonds
Salem,
$150,000
April 1, 1948
April 1 from
on
1949 to 1958 inclusive.
be
Legality to
W. Shuler
author¬
were
Ore.
—
v
Alfred Mundt,
bidsuntil
7.30
pm.
(PST)
on
March 22 for the purchase of $82,528.40 improvement, issue 1948A
bonds.
Dated March 1, 1948. Due
March
1,
$7,528.40 in
1949; $8,000 from 1950 to 1955, and
$9,000 from 1956 to 1958 inclusive.
follows:
as
The City shall have the option to
redeem
said -bonds,
order,-upon
face
interest/?
the
in , numerical
payment/of the
thereof
value
with
accrued
paying
after three years from
on
or
any
(interest
are
issued:". Prin¬
cipal and interest payable at > the
City Treasurer's office. The prior
legal approving opinion of Winfree, McCulloch, Shuler & Sayre,
successful
air
nd
March 10 for the
on
of $25,000 building
bonds.
1952
Due
and
$8,000
$9,000
ertified check for 2%
required.
s
pur-
and
in
in
re-
1951
1953.
'
•
i
certified
A
the
Bell wood,
election
voters
of
to
will
P
be
held
consider
Pa.
in
April the
the
issuance
improvement bonds.
$45,000
memorial
Sale —The $68,000
fund¬
and improvement
ing,! refunding
'
•
i •
:
■
'
•
!
;'
4—v.
awarded to
were
The
—
auditorium
March
fered
bidder
,
,
;
.
ville, jointly, at a net interest cost
2.7247%, as follows: $100,000 as
2y2s, maturing on March 1, $25,000
Dyersburg,
of
the
sale
Sale—The $650,000 bonds
offered on Feb. 26—v. 167, p. 794
—were
to
said
of
that
and
Dated
bonds
and
2V2S
any
both
of
the
Memphis, jointly, as
a price of 100.259, a
Due serially
on Dec.
1, from 1961 to 1971
; inclusive.
150,000
street
improvement
bonds, to the First National
Bank, Union Planters Nation¬
A
States
of
America
Constitution
of
the
a
bonds
Dated
of¬
high
First
bid
der
Frey,
Controller, will receive
sealed bids until April 1 for the
purchase of $4,000,000 public im¬
provement bonds.
Co., for
$500,000
33/8s,
at
100.0006, and
$150,000 3%s, at 100.0022.
~
Schmidt,
Poole & Co., of Philadelphia, as
ZV4S, at a price of 100.54, a basis
of about 2.17%.
and
1948
due
1949 to
from
ond
high
was
Dated
$5,000
March
March
on
1,
1,
1963 inclusive.
bid
for
*;
.
-
Township
(P. O.
ceive
sealed
(EST)
on
of
bids
March
until
9
for
p.m.
the
pur¬
$75,000
improvement
coupon bonds! Dated April 1, 1948.
Denomination $1,000. Due April 1,
as, follows:
$7,000 from 1949 to
1953, and $8,000 from 1954 to 1958,
all
inclusive.
Each bid
shall
spe¬
cify a single rate of interest in
multiples of y4 of 1%. Principal
interest
of
about
Due
All
the
of
March
The
for
p.
.
Due
Sept.
on
1
Sept. 1 from
on
dated
the
payable at the Car¬
negie, National Bank, Carnegie.
Registerable as to principal only.
The Township
will furnish the
Sale
The
—
un¬
,
$2,433,000
March 1—v. 167,
on
699—were purchased by a
$1,100,000 school bonds.
rially
syn¬
'
issuance
electric
ly
March 1, from 1949 to
inclusive.
,
1958 inclusive.
^
298,000 tuberculosis
hospital
bonds. Due serially on March
ap¬
1, from 1949 to 1958 inclusive.
.
of $291,000
light
plant
:
on
1963
.
500,000 bridge bonds. Due serial¬
ly on March 1, from 1949 to
voters
bonds.
se¬
to 1963 inclusive.
the /election
the
Due
March 1, from 1949
on
535,000 harbor bonds. Due serial¬
.
24
payable from
are
lows:
are
4i
Voted—At
Feb.
bonds
Co., Hornblower & Weeks, W.
Hutton & Co., C. F. Childs &
Co., all of New York; Kebbon,
McCormick & Co., of Chicago, and
R. W. Spragins & Co., of Mem¬
phis, as 2s, at a price of 100.159, a
net interest cost of 1.983%, as fol¬
Britton, S. Dak.
on
payable J-J.
&
SOUTH DAKOTA
'
sin¬
name a
dicate composed of Smith, Barney
2.45%,
Securities Corp., of Charlotte.
Bonds
$20,000
incl., and $10,-
Bidder to
of interest,
Bond
was made by a
of Lehman Bros.,
Eldredge & Co., and the Interstate
r
1, 1948.
follows:
E.
bonds
'
of
Dated Jan.
as
1954
bonds offered
2%s
-
(CST)
Shelby County (P. O.
Memphis), Tenn.
group composed
.
A.M.
limited ad valorem taxes.
1, 1948. Second high bid of
101.341
11
the purchase
$1,800 is re¬
quired. Legality to be approved
by Chapman & Cutler of Chicago.
'
Dated March 1, 1948.
and
:•
interest
((M-S)
Principal
payable
at
the Union Planters National Bank:
re¬
7
bonds.
gle rate
of:
bonds.
municipal
cott, Township Secretary will
for
A certified check for
167, p. 895—
syndicate com¬
a
basis
a
consisted
proved
Carnegie), Pa.
Offering—James H. Pres-
until
15
000 in 1955.
1950 to 1956 incl.
held
.Bond
school
2y4s
of
bids
April
$90,000 not to exceed 4% interest
150,000 road improvement bonds,
by the Interboro Bank
Co., Prospect Park.
Scott
for
from 1948 to 1967 incl.
Sec¬
100.21
on
of
rium
made
& Trust
sealed
on
Corp., of Charlotte.
awarded to
O.
Bond Offering — Mae Hixson,
County Court. Clerk, will receive
made
series J.
to
County (P.
Dunlap), Tenn.
$500,000 memorial public audito¬
—
awarded
Sequatchie
incl.
100.019
J. C. Bradford &
1,
Prospect Park School District, Pa.
794—were
of
1967
was
to
Sale
Edward
The $75,000 school
bonds offered March 1—v. 167, p.
to
National
Bank,
The next highest bid¬
Dyersburg.
of
and.due
1948
1951
15, 1948. Principal
(J-D) payable at the
Citizens
1951
100.409,
Pa.
City
Bond Sale
1,
from
Jan.
and interest
167, p. 895—
syndicate com¬
Halsey, Stuart & Co.,
Inc., and Estabrook & Co., both of
New York; F. W. Craigie & Co.,
Richmond; Peoples National Bank
of Rock Hill; Hamilton & Co., of
Chester; and C. W. Haynes & Co.,
of Columbia, as 2y2s, at a price of
mow in force, and under
existing acts of Congress, and
opinion will state that the
bonds are a Legal Investment for
Trust Funds in Pennsylvania. En¬
close a certified check for $23,400.
—
Trust Co., both of
and
the Cumber¬
Securities
Corp.,
of
Jan.
posed
the
Offering
1
was
were
States-as
Bond
&
to 1961 inclusive.
$500,000
offered March 4—v.
under
United
whose
Pittsburgh,
Bank
al
Memphis,
land
Spartanburg County (P. O.
Spartanburg), S. C.
Bond Sale—The $650,000 bonds
.exempt from taxation by the
United
at
Due
Common¬
bonds,
Co., of
&
of
3y4s,
from
said bonds
light
Nuveen
basis of 3.231%.
by a group com¬
Bros., Eldredge
Co., and the Interstate Securi¬
ties
follows:
as
and
Gordon Meeks
&
Co., and R. B. Wooten & Co.,
&
exempt from taxation (except
and that with¬
consent
John
posed of Lehman
profit made from the sale thereof
the
March
Second
the
water
Chicago;
Iiill;
March
Commonwealth
the
purchased
$500,000
Hamilton & Co., of
Chester, and C. W. Haynes & Co.,
of Columbia, as 2V2S, at a price of
derived' 100.289, a basis of about 2.46%.
inCbme"
Tenn.
Bond
posed of Halsey, Stuart & Co., Inc.
exempt from tax¬
are
within
transfer
and
Blakely, Pa.
Bond
Sale
Bond
inter¬
The bonds
to
date
the
and
chase
4
Election—At the primary
Bond
A
of1 the bid!
f
bidder.
furnished the
PENNSYLVANIA
eceive sealed bids until 12:30 p.m.
hase
'
Parker,
erk of Board of Education, will
CST)
from the
May, 1947.
City Recorder, will receive sealed
Okla.
R.
awarded
be
the
required.
Bond»Offering—W.
and accrued
Pennsylvania,
District Clerk, will receive sealed
bids until 8 p.m. (PST) on March
Co., of St. Louis,
Gibson, of Nash¬
of
bid¬
Rock
are
Trust
Nashville, as 3s, at par. Due
serially on Dec. 1, from 1949
principal. No bid of
par
successful
mond; Peoples National Bank
Bowers,
check for 2% of the par value of
the bonds, payable jto the City, is
District,
be
out
&
Webster &
Spartanburg, S. C.
and the income derived therefrom
Oregon
Offering—W.
.
953 inCl. The next highest bidder
School
to
wealth of Pensylvania
of Portland, will be
a
Davis
than
ation
Corp., Mercantile-Commerce
Bank
and
der.
inheritance taxes)
Marion
ities
was
purchased on
by the Equitable Secur¬
frOm 1953 to 1956, and
$400,000 as
will
are
bonds.
1
$500,000
bonds
March
and Estabrook & Co., both of New
York; F. W. Craigie & Co., Rich¬
of
voters
the issuance of $298,000
disposal system construc¬
proved
sewage
tion
the
16
election
price of 106.136, a basis of
.96%/ Duel serially from 1951 to
S
as
therefrom
Ore.
an
(P. O. Marysville),
Bond Sale—An issue of
school
CAROLINA
turity.
election
an
City,
Voted—At
date said bonds
$11.000 trans¬
lation bonds offered
isterable
bonds
Bonds
p. 895 — were
Moseley & Co.,
l8/4s, at a price
the
furnsihed
be
be borne by the bonds, in multi¬
ples of 1/10, V8 or y4 of 1%. Reg-
held recently the voters approved
the Issuance of $50,000 water sys¬
At
—
on
'
payable M-S.
The validity of the bonds
approved by Wood, King
&
Dawson, of New York City,
whose opinion will/state that the
Voted
au¬
held
Tenn.
offered
of the bonds to their dates of ma¬
Eugene, Ore.
Bonds
date at
'Districty, Okla.
Bond' Safe-^The
is
election
2%s, maturing $25,000 from 1957
to
1972,
all
inclusive.
Interest
bid the rate or rates of interest to
less
revenue
bonds
TENNESSEE
Blount County
cou¬
-
puted
-Bond Offering
$15,000
bid
the
OREGON
\
(P. O. Lisbon), Ohio
SOUTH
the
1
good & Haas Cincinnati.
whose bid provides the lowest in¬
terest cost to the Authority, com¬
the
S.
bonds
at
the
are
Feb. 17.
$28,000
1968
Greenville County
(P. O.
29,000
1969
Greenville), S. C.
16,000
1950
30,000
1970
Bond Offering—J. H. Woodside,
17,000_—1951
31,000
1971
Clerk
of the Board
of
County
17,005--—1952
32,000
1972
Commissioners, will receive sealed
18,000——1953
33,000
1973 bids
until noon (EST) on March
18,000—1954
33,000
1974
23 for the purchase of $1,500,000
19,000—1955
34,000
1975
not to exceed 4% interest hospital
20,000__—1956
36,000
1976
construction bonds.
Dated Noy.
20,000-—-1957
37,000
1977
15,
1947.
Denom.
$1,000.
Due
21,000—1958
38,000
1978
$75,000 on Nov. 15 from 1948 to
21,000—1959
39,000—1978
1967 inclusive. Principal and in¬
22,000—1960
40,000
1980
terest
(M-N)
payable
at
the
23,000—1961
41,000
1981
Chemical Bank & Trust Co., New
23,000——1962
42,000—1982 York
City. Rate or rates of inter¬
24,000—1963
44,000
1983 est to
be expressed in a multiple
25,000—1964
45,000
1984 of
V\ of 1 %. A certified check for
26,000—1965
46,000.—.1985
$25,000, payable to order of the
26,000——1966
48,000—1986
County
Treasurer,
is
required.
27,000——1967
49,000
1987
Legal opinion of Reed, Hoyt &
Each bidder shall specify in his
Washburn of New York City will
2%
of
thorized
$100,000
electric
These
1949
will
required.
F.
New
Yr.
est will be considered.
ized at the election in
$550,000 construction bonds.
~
i
Amt.
to 1962 incl. A certified check for
and
/Bond Election—At the primary
held on May 4 the
167,
v.
—
interest
bonds.
1948
(CST) on March 11 for the
purchase of $24,000 building and
site bonds. Due $2,000 from 1951
school bonds.
Ohio
lection to be
oters
until
bids
sealed
'
f
are
Sand
12
Wapakoneta Sch. Dist.,
These
bonds authorized at the elec¬
Bond
from. 1949 to 1969 incl
high bid of 101.18 for 2^s
by a group comnosed
Fahey,
895—were purchased
p.
County Sch. Dist. No. 21
(P. O. R. R. 1, Box 134,
$292,000 con¬
March 3
p.
Sutherland
25
Tulsa
made
vas
water
Feb.
on
Payne
to
tion
offered
895—were awarded
to Braun, Bosworth & Co., Inc.
of Toledo, as 2%s, at a price of
101.603, a basis of about 2.33%
Dated
March
1,
1948 and due
semi-annually on March 1 and
167,
—v.
$15,000
offered
Yr.
>
3%
to
inclusive. Second high bid of 100.221 for l%s was made by Season-
bonds.
revenue
tem reservoir bonds:
District
School
Local
O.
(P.
the
1951
follows: $900 in 1949 and
$1,000 from 1950 to 1953 incl. Bid¬
accrued
of
school
im¬
as follows:
Sale—The
bonds
Perkins,
1,f,as
for a different rate
of interest in a multiple of V\ of
on
.
Due on Nov.
ders may bid
(CST)
purchase
the
Perkins, Okla.
Bond
works
assessment bonds.
Denomination
for $900.
one
water
coupon
payable
York, as
of 100 689, a basis of about 1.678%.
Dated March 1, 1948 and due
$5,000 on Sept. 1 from 1949 to 1968
X, 1947. Denom. $1,000.
Due Dec. 1, as follows:
M.
a.m.
separate
;
Dated Feb. 1, 1948.
$1,000
improvement
awarded to
of
Dated Dec:
required.
by
William
—
Clerk,
est
$69,000 from 1951 to 1967 incl.
and $77,000, in
1968. A certified
check for 2% of the bonds bid for
offered,
Ohio
for
15
$1,250,000
—v.
Paulding,
-
$1,500
Sale —The
March 2
170,000 not to exceed 3y4% inter¬
Amt.
•
amount
Bond
Secretary,
will
receive
sealed bids until 2 p.m. (EST) on
March 30 for the purchase of
$1,-
provement bonds. Due
ceedings have been taken under
supervision of Squire, San¬
ders
&
Dempsey, of Cleveland,
whose approving opinion may be
obtained by the purchaser, at his
the
was
drews,
was
$16,000
16,000
March
the
payable to the City, is required.
3%s
pon
$12,000
(P. O.
Muskogee), Okla.
Offering — Jewell
Bend
payable at the
City Treasurer's office. The pro¬
or
for
for
Township, is required.
Springfield Township Sch. Dist.
(P. O. Chestnut Hill,
Philadelphia 18), Pa.
Second
Municipal Authority (P. O.
Chester), Pa.
Bond Offering — Frank G. An¬
sealed bids* until 10
and interest (A-O)
A certified check for 1 %
100 31
check
59
sealed bids until March 8 for the
purchase of $400,000 not to exceed
from
»
Lemon, County Clerk, will receive
multiples of % of 1%. Principal
expense
inclusive.
the
Chester
Muskcgee County
may
tnteiest
of
rate
of
nati.
recently purchased by Calvert &
Canfield, of Oklahoma City, as 5s.
Dated
1973, all inclusive. Bidders
different
due
water works extension bonds
$296,000
1, from 1949 to 1952, and
$6,000 Apr.'l and Oct. 1, from 1953
a
2s,
i9b5
to
Bonds Sold—An issue of
•
Oct.
to
fied
15,
■
1,
name
$125,000
195i
1963
15
(1095)
purchaser
with
the
favorable
opinion
of
Burgwin,
Churchill
& Ruffin, of
Pittsburgh. A certi¬
by Magnus & Co. of Cincin¬
about ,2.239%
Muldrow, Okla.
1948. Denomination $1,Due $5,000 April and $6,000
000.
1949
of
Sept.
inclusive; $75,000 2y4s, due $25,000 from
1956
to 1958 inclusive and $50,000 2V2S,
due $25,000 in 1959 and 1960.
March
on
bonds.'
coupon
a
167, p.
Fox,
Co., of Cincinnati; as
price of 100.441, a basis
as
uom
Lippert,
of
purchase
sewer
&
3%s, at
Was awarded on
Calvert & Canfield, of
basis
a
will receive sealed
noon
Reusch
$250,000
of about 3.683%. Dated March
1948 and due on
15,: follows:
Nor walk,
■
.
CHRONICLE
027,
from 1949 to 1973 inclusive.
"
FINANCIAL
bonds offered March 2—v.
895 — were
awarded
to
bonds
25 to
&
Oklahoma City, at a price of 100.-
Sept. 15
on
O.
Bond Sale-r-An issue of
ing bonds offered Feb. 28—v* 167,
p.
895—were - awarded to Ryan,
Sutherland & Co., of Toledo, as
3V2S, dt a price of 101.884, a basis
1948 and due
(P.
Poteau), Okla.
Bond Sale—The $185,000 build¬
of about 2.325%. Dated March
County
COMMEBOIAL
Liberty Township (P. O.
t
Parkston). S. Dak. <
Bond Sale
The $20,000 road
improvement
bonds
offered
on
Feb. 23—v. 167, p. 794—were pur¬
&
Co., Memphis, or at the
Chemical Bank & Trust Co., New1
,
—
chased
by
the
First
National
Bank, Parkston, as 2V2S, at a price
of 100.25, a basis of 2.447%. Dated
April 1,1948. Due serially on Jan.
1, from 1950 to 1957 inclusive. In¬
terest payable
J-JT
ski,
Offering—Paul
City
Auditor,
will
York
Krakow-
receive
City. The next highest bid<-
der was: the
Memphis,
First National Bahk,
Philadelphia
National
Bank, Philadelphia, John Nuveen
&
Co., Ira Haupt & Co., Blewer,
Heitner
&
Moore & Co.,
&
Watertown, S. Dak.
Bond
Trust
Co.,
and
Glynn,
McDonald-
William C. Seufferle
Watkins,
Morrow
&
Co., jointly, for $910,000 2Yis, and
$1,523,000 2s, at
a
price bf-100.13.
,
.
V
.t
•
;
•'
•
.1 '
p.-
i.
■■
■
•
•
for
Dresden),
Weakley County (P. O.
to
Tenn.
Authorized—An issue of
Bonds
tonds
improvement
school
$1,COO,000
the
by
authorized
was
Due
election
to be held on April 3 the voters
will consider the issuance of $1,500,000 construction bonds.
Oct.
held
tion
not
did
on
$3,000 from 1962
1966, and $4,000 from 1967
1969, all inclusive, callable
or
after
April 10, 1963,
103.50 and accrued interest.
in
the issuance of
approve
and
improvement
5225,000
10, as follows: $500 from 1950
1959; $1,000 in 1960; $2,000
con¬
struction bonds.
District,
School
Indep.
Atlanta
election
Election—At an
Bond
March 25 the voters
consider
the issuance
of
to be held on
will
5250,000 school
bonds.
—
Bids will be
alternate sale
follows:
for the
as
considered
and 1968,
March
street improvement
$29,000 3s, due on July
from
1949 to
1951
incl.;
bonds:
1
$133,000 2V4S, due from 1952 to
1963 incl.; and $138,000 2V2S,
due from 1964 to 1973 incl.
recreation
and
playground
park,
250,000
$24,000
bonds:
3s,
July 1 from 1949 to
incl.; $111,000 2V4s, due
from 1952 to 1963 incl.; and
due
•
on
1951
1963
$115,000 2M»s, due from
to 1973 incl.
Bond
Co., as reported in
our Feb. 9 issue—v.
167, p. 700—
we learn that the bonds are dated
elusive,
■
■
$76,OX) 2V4s, due from 1952 to
1963 incl.; and $78,000 2V2s,
due from 1964 to 1973 incl.
100,000 fire station bonds: $9,000
3s, due on July 1 from 1949 to
1951 incl.; $46,000 2V4s, due
from 1952 to 1963 incl.; and
in 1974, and $19,000 in 1975. The bonds will bear
interest at the rate of 5% for the
2V2S, due from 1964
i
to 1973 incl.
50,000 bridge bonds: $6,000 3s,
due on July 1 from 1949 to
1951 incl; $24,000 2V4s, due
_
from
1952
to
1963
.
$20,000
2V2S,
to
.
1964
from
of
March
the
due
and
inclusive.
1973
All
bonds
are
dated
maturity.
Bond
Control
Galveston County Water
District No. 3
(P. O. La Marque), Texas
and Improvement
Bonds
held
Voted
and
water
Garland,
were
-
Bank
ap¬
$250,000
of
^
Feb. 26
purchased by the Texas
Trust Co., of Dallas, the
&
only bidder.
•
'
-
/,.
.
Dist.,.Texas
Sale—An issue of $69,000
school house and refunding bonds
March
Dated
at
bank
a
nated by
—
795—were purchased by a syn¬
composed, of
the
First
Southwest .Co., .Dallas;. Under¬
p.
wood, Neuhaus & Co., of Houston;
Dallas
Rupe & Son, of Dallas;
R. S. Dickson & Co., of Chicago;
(M-S) to be payable
the purchasers.
Merkzl, Texas
$100,000
improvement
bonds was purchased recently by
the First Southwest Co., of Dallas
and
at par, as
water
These are
Vfas, and 4s.
the bonds authorized at the
tion
elec¬
Dec. 20, 1947. Dated
Approved as to legal¬
Dumas & Huguenin, of
held
on
Jan. 1, 1948.
by
ity
Dallas.
•
awarded
First
3
Southwest
Snohomish County (P. O.
2.20s, at par. Dated March 1, 1948
and due on March 1 from 1950 tc
L958 inclusive.
Callable in whole
lows:
at par, on -lltS days' ad¬
published notice in the of¬
county
publication.
The
Seattle-First National Bank and
the First National Bank of Ever¬
$41,000 2V2s, due on March
incl., and $59,-
1 from 1949 to 1958
000
3s, due
March 1 from 1959
on
to 1968 incl.
Dated March
All of the bonds
1, 1948.
callable
are
on or
after 10 years from date of
issue.
Interest M-S.
Legality approved
by Dumas & Huguenin of Dallas.
Needville,
.
<
Option
Granted
man-Pollok
to
The
—
Eddle¬
Co., of Houston, has
exceed
5%
offered
interest
Feb.
4,
which
were rejected as unsat¬
isfactory.
The total consists of
$40,000 revenue and $40,000 gen¬
eral obligation bonds.—V. 167, p
795.
/
::
•
•.
Grove
vance
ficial
ett, jointly, second high bidders,
named a 2y2% interest rate.
-
V'
Indep. Sch.
■..
Dist.,
Dated Feb.
1, 1948. Principal and interest (FA) payable at the State Treasur¬
er's office.
Approved as to legal¬
3.08158,
to 1973,
all inclusive.
ity by Gibson, Gibson
of Austin.
man,
& Booth,
of
100.003,
as
$1,850,000
San
An¬
a
net interest cost of
follows:
electric
revenue
bonds,
light
system
maturing
on
1, as follows: $790,000
maturing $70,000 in
1949 and 1950; $75,000 in 1951
as
2V2S,
1955; $85,000 in 1956 and 1957;
by Mavor J. W Terry,
$90,000 in 1958. and $1,060,000
until
8
#.m. (CST)
on
March 9
as
Zandt
County Road District
No. 7 CP. O.
Canton), Texas
Bonds Sold—An issue of
000
road
$200,-
improvement bonds
was
sold recently to the First South¬
Co., of Dallas, as 2%s, at a
price of par. Dated Feb. 1, 1948.
Legality approved by Dumas &
Huguenin of Dallas. Bonds were
authorized
Jan. 3.
at
an
election
on
.
-
3y4s,
maturing $90,000 in
Wood County (P. O.
Texas
Bond
Sale—The
Quitman),
$700,000
School District
O. Milwaukee),
(P.
Wisconsin
/
Offering—Ruth
Bond
No. 1 (P. O.
Richmond). Wis.
Bond Sale — The $100,000 2%
P.
Clerk,
District
Kue-
will re¬
(CST)
1,1948. Due serially on March 1,
from 1949 to 1963, all inclusive.
The
M-S.
highest bidder was the
next
Wisconsin
Co., Milwaukee, at 98.877.
Sewerage
Madison), Wis.
—
The
$2,650,000
Metropolitan
Madiscn
District (P. O.
Sale
Bond
extension-1948
bonds
auction on March 1—
sewerage
at
offered
a.m.:
1948. Denomination $1,on April
1, as follows:
Due
$40,000
1950;
in
in
1951;
another
and
bonds
but
balance,
than
more
specifies
Preference
bid of par and
better, which
interest
net
lowest
the
the
name
may
rates.
two
will be given to the
accrued interest, or
for
rate
bid
no
cost to the District. The bonds are
issued subject to the ap¬
proving opinion of Chapman &
Cutler, of Chicago, whose opinion
will be furnished the purchaser
without cost. A certified check for
being
District
payable to the
is required.
$15,000
Treasurer,
WYOMING
Laramie
No.
School D'strict
County
(P.O. Cheyenne), Wyo.
$400,000 build
1
Bond Sale—The
ing bonds offered at public auc
tion on March 3—v. 167, p. 796=were awarded to John Nuveen &
Co., and William Blair & Co., bot
of Chicago, jointly, as 1.90s, at a
basis of about)
1, 1948 anv
March 1 from 1949
100.15,
price of
a
Dated March
1.87%.
$40,000
on
1958 inclusive. Second high
of
100.149 for
1.90s was made
the First National
bi
b
Bank of Port
land.
.
purchased by the Milwaukee Co.,
of Milwaukee, at a price of 99.15,
a
basis of 2.163%. Dated March
payable
11
on
April 1,
000.
until
bids
sealed
CANADA
general obligation bonds offered
on
Feb. 27—v. 167, p. 896—were
BRITISH
COLUMBIA
B. C.
Vancouver,
Bond
Offering
—
Comptroller,-; will
City
.
-
Frank Jones
receiv
sealed bids until 10 a.m. on Marc
of $2,000,00
construction coupon bonds/Date
April 1, 1948. Denom. $1,000. Du
on
April 1, as follows:
$60,00
from 1949 to 1953; $70,000 frorr
1954 to 1958; $80,000 from 1959 t
1963; $90,000 from 1964 to 196
and $100,000 from 1969 to 1973, al
9
for. the
purchase
inclusive.
Rate
est ot be in
or
rates of inter
multiples of y4 of 1 %
896—were purchased by
Principal and interest payable a
syndicate composed ot the Con¬
tinental Illinois National Bank &
the Bank of Montreal and in Can
v.
167,
p.
a
of
Chicago;
Smith,
Trust
Co.,
Barney
& Co., Union Securities
both of New York; C. F.
& Co., William Blair &
Corp.,
Childs
Co., Illinois Co., and
Cormick & Co., all
2s,
basis
1948.
road
ceive
New
as
1952; $80,000 from 1953 to
Bond Offering—Sealed bids will
be received
Van
west
March
and
Canton, Texas
of
1
to
Joint Sch. Dist.
Interest
Texas
Houston, and William N. Edwards
& Co., of Fort Worth, at a price
all
No.
due
City of New Richmond and the
Towns of Stanton and Star
water
at
time bids
Pleasant
in part,
or
WISCONSIN
been granted an option until April
6 on the purchase of the $80,COO
bonds
0
Texas
$3,000 from 1959 to 1962, and $38,as
4s, maturing $3,000 from
1963 to 1968, and $4,0G0 from 1969
000
Corp.,
tonio; Rauscher, Pierce & Co., of
Dallas; Eddleman-Pollok Co., of
obligation bonds offered Mar
167, p. 992—were awarded
the
State of
Washington, as
Dallas, jointly, at a price of
100.387, a net interest cost of
about 2.809%. to call date, as fol¬
Dittmar &
Co., Russ & Co., First
The $200,000 gen¬
—
eral
cently by the R. J. Edwards Co.,
Inc., and Dallas Rupe & Son, both
of Dallas, jointly.
Texas
Wash.
Everett),
Bond Sale
of
Roe &
of
order on
1—v.
purchased recently by a syn¬
dicate
composed
of
Rauscher,
Pierce & Co., Russ & Co., and
First of Texas Corp.,- all of San
Antonio, as follows:
$31,000 as
3%s, maturing on Feb. 1, $1,000
in 1949: $2,000 from 1950 to 1958;
Co., of San Antonio; Rotan,
Mosle & Moreland, of Houston;
Thomas
&
Co.,
of
Pittsburgh;
inverse
interest payment date on and
after Dec. 1, 1950.
Legality ap¬
Co., and
the Dallas Union Trust Co., both
the
to
Bonds Sold—An issue of $85,000
school bonds was purchased re¬
was
in
callable
are
street
March
on
1951;
1953;
1955;
1957;
1959;
1961;
1963;
any
improvement bonds authorized at
an election on Feb.
11—v. 167, p.
992—were
Whi.etish Bay
1950. $35,000 in 1952; $40,000 in 1953;
1952. $90,000 in 1954; $95,000 in 1955;
1954: $80,000 in 1956; $75,000 in 1957
1956 and 1958; $40,000 in 1959; $50,000
1958 from 1960 to 1967, and $12,000 in
1960 1968, all inclusive. Rate of inter¬
1962 est to be in multiples of lA or 1/10
1961 of 1%. No bid for less than par
1966 and accrued interest will be con¬
1938 sidered. Each bid may name one
1970: rate of interest for part of the
in
in
in
in
in
in
Chicago.
McKinney, Texas
Sale—The $100,000
Bond
payable M-S.
terest
$5,000
1, as follows:
! proved by Chapman & Cutler oi
'
,
De.
of
Co.,
Hassett
-
$134,000
$142,000
$150,000
$158,000
$163,000
$174,000 in
$183,000 in
$188,000 in 1965; $193,000 in
$198,000 in 1967; $203,000 in
$208,000 in 1969; $215,000 in
$282,000 in 1971; $290,000 in 1972:
$302,000 in 1973; $314,000 in 1974
$326,000 in 1975; $338,000 in 1976
and $360,000 in 1977.
Said bonds
Bond Sale—An issue of
street
ser¬
Sept. 1, from 1948 to 1981,
on
inclusive, optional for redemp¬
on or after Sept. 1, 1963. In¬
all
March 11 for the pur¬
chase of $987,000 not to exceed
3% interest building bonds. Dated
in
in
in
in
$162,000 in
$170,000 in
$178,000 in
1948. Principal
1,
ially
mumns,
$130,000
$138,000
$146,000
$154,000
trust company desig¬
or
167, p.
the
electric revenue serie.
purchased recent¬
$122,000 in 1949; $126,000
inclusive.
and interest
Co.,
cost
and
by Mullaney, Ross &
Chicago, at a net interest
of 3.15%, for 21/2s; 23/4s; 3s,
3V4s. Dated Sept. 1, 1947. Due
of
Utility Dist
Public
County
Due on Dec.
1865, and $5,000 from 1966 to
1968, all
chased
The $60,000 school
—
Moines, and Irving J. Rice & Co
of St. Paul. - Dated Feb., 1, 1948
in
$4,000
maturing
utility mortgage bonds offered on
Feb. 24—v. 167, p. 895—were pur¬
1
Ballard
on
2%s,
as
Wis.
$440,000 sewage
Tomah,
Toledo, Allen & Co., of New York
Robert Hawkins & Co., of Boston
.
gen¬
matur¬
March 1, as follows:
$56,000 as 3V4s, maturing $3,000 from 1949 to 1956; $4,000
from 1957 to 1964, and $19,000
ing
not
Lubbock, Texas
The $2,295,000
bonds offered on Feb. 26—v. 167,
Sale
Bond
•.- ;■
of
issuance
ly by a syndicate composed of
Stranahan, Harris & Co., Inc., Ox
eral obligation, bonds,
Texas
$40,000 fire
offered on
\
building,
April 6 the voters
on
consider/ the
$775,000 construction bonds.
1948 bonds was
in-
all
election
an
tion
3y4%
000
$6,000
1968,
v
City Hall
75,000
The
—
bonds
station
voters
bonds.
sewer
Sale
Bond
election
an
the
issuance
the
proved
At
—
14
Feb.
on
dicate
16, 1948.
Buda Rural High Sch.
.
incl.;
and 312% thereafter
fiist 3 years,
.
$45 000
1947, and mature Oct. 1, as
follows: $15,000
to
1966
will
(P. O: Vancouver, Wash.
Bond Sale—An issue of $5,850,-
$5,000 from 1959 to 1964, and
$23,000
as
23/4s,
maturing
from
be held
to
Washington,
the onl>
Due from 1950 to.. 1963
bidder.
No.
and
Election—At
Bond
inclusive.
Clark
1965,
Sale
of
State
1949 and
in.
Wis.
Shorewood School Distric%
992—were awarded as 2V2S to
1950; $4,000 from 1951 to 1958;
$5,000
jointly, for 2s, at 100.8641.
Bond Sale—The
bonds offered,March 3—v.
;
maturing $3,000 in
igan Corp., and J. M. Dain & Co.,
(P. O.
113
Bond
all inclu¬
1968,
to
Harris, Hall & Co., First of Mich¬
Wash.
No.
91,000 park, general obligation
bonds, maturing on March 1,
as
follows: $68,000 as 3V4s,
son-Davidson
Oct. 1,
1965
sive.
Wm. E. Pollock
Mercantile-Com¬
Co.,
Bank & Trust Co., St. Louis,
Ridgefield Sch. D'rsl.
Vancouver),
Clark County,
1959 to
1963; $8,000 in 1964, and $32,000 as 2%s, maturing $8,000
from
or
waukee
merce
WASHINGTON
1958; $7,000 from
bonds to the Ran-
revenue
sewer
of the $34,000
sale
the
with
tion
to
170,000 electric plant and system
bonds: $16,000 3s, Cue on July
1
from
1949
to
1951
incl.;
Edinburg, Texas
Sale Details—In connec¬
follows: $97,000
as
3V4s, maturing $5,000 from
1949 to 1954; $6,000 from 1955
as
,
300,000
rs
all inclusive.
1,
trust company desig¬
nated by the purchaser. The next
highest bidder
was
the Harris
Trust & Savings Bank,
Chicago
First
National
Bank,
Chicago,
Northern Trust Co., Chicago, Mil¬
bank
any
Co., both of New York, and
Martin, Burns & Corbett, of Chi¬
cago, jointly. Dated Jan. 1, 1948.
Due on Jan. 1, as follows: $150,000 from 1954 to 1959, and $100,000 in 1960. Interest payable J-J.
129,000 street lighting, general
obligation bonds, maturing on
A—v.
March
$38,000
and
1964,
payable at the
office, and at
District Treasurer's
&
2%s, maturing $9 000 in 1965
and 1966 and $10,000 in 1967
Republic National Bank,
Approved as tp legality by
sidered
in
000
to
167, of $50,000 of the revenue bonds
and for $30,000 of the street tax
p. 896—were awarded to a syn¬
Alternate bids must set
dicate composed of Union Securi¬ bonds.
ties Corp., and Kidder, Peabody & forth proposed maturity schedule.
Co., both of New York; Coffin & A certified check for 2% of the
Burr, Inc., of Boston; Kean, Tay¬ principal amount of bonds bid for,
lor & Co. and Eldredge & Co., is required.
both of New York; R. S. Dickson
Denton
County (P. O.
Ik Co., of Charlotte; Donald Mac¬
Denton, Texas
Kinnon
&
Co.,
of New York;
Bonds Sold—An issue of $150,ktroud & Co., of Philadelphia, and
C00 hospital bonds was purchased
Fox, Reusch & Co., of Cincinnati,
recently by James, Stayart & Co.,
at par, a net interest cost of about
of Dallas. These are the bonds ap¬
2.429%, as follows:
proved
at the
November 1947
$1,750,000 school bonds: $168,000 election.
3s, due on July 1 from 1949
Edinburg Consolidated Indep.
to 1951 inch; $779,000 2 V4s, due
School District (P. O.
from 1952 to 1963 incl.; and
Edinburg), Texas
$803,000 2V2S, due from 1964
Bond Tenders Invited — Sealed
to 1973 incl.
tenders, will be received by the
500,000 water plant and system
bonds: $48,000 3s, due on July Secretary of Board of Trustees,
until April 8, of an amount, or
1 from 1949 to 1951 incl.
$223,000 2V4S, due from 1952 amounts not to' exceed $45,000
to
1963
incl.; and $229,000 market value series 1938 refund¬
2V2S, due from 1964 to 1973 ing bonds. The Board reserves the
incl.
*
right to reject any or all tenders.
offered
bonds
Securities Corp.,
at
bids will be con¬
building bonds was pur¬
recently
by
the Union
2%
chased
10, 1948.
Principal
(A-O) payable at the
Dallas. Alternate
•
Texas
The $3,120,000
Austin,
Sale
Bond
,
*
000
(P. O.
City), Utah
and interest (F-A)
Sale—An issue of $1,000,-
1959;
$8,000 from 1960 to 1963; $9,-
on
Dallas.
the At¬
torney-General of the State and
McCall, Parkhurst & Crowe, of
Lake
Salt
Bond
maturing $6,000 from 1949 to
Feb.
Dated
and interest
Texas
to
to
1961;
UTAH
Granite School Dis'rict
1954; $7,000 from 1955 to
'
to
""
inclusive,
150,000
municipal airport im¬
provement, general obligation
bonds, maturing on March 1,
as follows:
$112,000 as 3!/4s,
35,000 street improvement tax
supported bonds. Denoms. $1,C00 and $500.
Due on April
Voted—At an elec¬
Feb. 17 the voters
Not
Bonds
10,
accrued interest,
Texas
Athens,
after
1963, at 103.50 and
inclusive, callable on or
Texas
an
1965 to 1971 all
from
$4,000
Independent School
(P. O. San Antonio),
Election—At
$1,000.
follows:
000
Alamo Heights
Bond
as
$2,000 from 1948 to 1954; $3,from
1955 to 1964, and
TEXAS
District
10,
Oct.
banks.
$115,000 in 1966, and
$120,000 in 1967 and 1968, all
1965;
bonds. Denom.
on
in
$110,000
1964;
and
1963
works and sewer
water
revenue
County Court.
■
in
follows:
$72,000
improvement bonds authorized at
the election held on Nov, 15, 1947
were
sold at that time to local
1959; $95,000 in 1960; $100,000
1961 and 1962; $105,000 in
purchase of $107,000 not
exceed 3V2% interest bonds as
the
Monday, March 3, 1948
FINANCIAL CHRONICLE
COMMERCIAL &
THE
(109G)
CO
1952
at
a
price
Kebbon, Mc-
of
of
Chicago,
100.8679, a
Feb. 1,
Due serially on Aug. 1 from
to 1967 inclusive. Principal
of
1.9306%.
Dated
ada
only.
for
less
No bid will be accepte
par^ value
and n
than
proposal for less than
all of th
bonds will be considered. Bidder
are
tor
required to state the net pric
Vancouver payment and de
livery of the securities. If desire
delivery will be made elsewher
purchaser's expense. A cer
tified check for
$10,000? payabl,
at the
to the
City Treasurer, is
Required
@FedFRASER